MML VIP BlackRock iShares 80/20 Allocation Fund
Data updated: 2026-08-27
C000227128 — MML VIP BlackRock iShares 80/20 Allocation Fund. Holdings, fees, performance and SEC filings.
C000227128 Fund Overview
MML VIP BlackRock iShares 80/20 Allocation Fund is a US mutual fund managed by MML Series Investment Fund II, categorised as United States Multi-Cap / All-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: United States Multi-Cap / All-Cap Blend / Core Equity
- Assets under management: $189.07M
- 1-year return: 19.4%
- SEC CIK: 0001317146
- SEC series ID: S000071682
- Share class ID: C000227128
C000227128 Investment Objective and Strategy
MML VIP BlackRock iShares 80/20 Allocation Fund describes its objective and strategy as follows, from its latest prospectus filed with the SEC by MML Series Investment Fund II.
Investment objective
The Fund seeks to achieve as high a total return over time as is considered consistent with prudent investment risk, preservation of capital and recognition of the Funds stated asset allocation.
Principal investment strategy
Principal Investment Strategies The Fund is a fund of funds that seeks to achieve its investment objective by allocating substantially all of its assets among exchange-traded funds (ETFs) providing exposures to various asset classes. The Funds investment adviser, MML Investment Advisers, LLC (MML Advisers), determines the Funds asset allocation strategy and implements this strategy by selecting ETFs for investment and determining the amounts of the Funds assets to be invested in each. The ETFs MML Advisers will consider for investment by the Fund will provide exposures to equity securities or to fixed income securities. BlackRock Investment Management, LLC (BlackRock) is the Funds subadviser, and is responsible solely for the trading and execution of MML Advisers investment and allocation decisions.
Under normal circumstances, the Fund invests at least 80% (and, typically, substantially all) of its net assets (plus the amount of any borrowings for investment purposes) in iShares ETFs. iShares ETFs are advised by an affiliate of BlackRock. The Fund typically invests approximately 80% of its net assets in equity ETFs and approximately 20% of its net assets in fixed income ETFs. Equity ETFs may include funds that provide exposures to, among other things, domestic and international equity securities, including common stocks, preferred stocks, securities convertible into common or preferred stock, rights, and warrants, of issuers of any size, as well as real estate investment trusts (REITs). Fixed income ETFs may include funds that provide exposures to, among other things, domestic and non-U.S.
bonds, U.S. Government securities, non-U.S. sovereign obligations, mortgage-backed securities, securities below investment grade (junk or high yield bonds, including securities in default), inflation-protected securities, bank loans, and cash or money market instruments. The Funds equity allocation may include equity exposures chosen by reference to, for example, style (including both value and growth funds), market capitalization (including both large-cap and small-cap funds), global investments (including domestic and international (including emerging market) funds), or other factors. The Funds fixed income allocation may include exposures chosen by reference to, for example, sector (including government, corporate, agency, mortgage-backed securities, and other sectors), duration (a calculation of the average life of a bond which measures its price risk), credit quality (including securities below investment grade (junk or high yield bonds, including securities in default)), geographic location, or other factors.
The percentage allocation to the various types of equity and fixed income securities are determined at the discretion of MML Advisers. MML Advisers will typically rebalance to these strategic targets on a quarterly basis. MML Advisers may at any time reassess and make revisions in the Funds asset allocation strategy consistent with the Funds investment objective and strategy, including revising the weightings among the investments described above and adding or removing ETFs from the asset allocation strategy. Actual allocations between equity and fixed income investments will typically not vary from the Funds target asset allocations by more than 10%, although MML Advisers may determine in light of market conditions or other factors that a greater variation is warranted to protect the Fund or achieve its investment goal.
BlackRock will place, and oversee the execution of, trades as directed by MML Advisers to implement the asset allocation strategy. ETFs in which the Fund invests may use derivatives contracts to achieve their investment objectives. Use of derivatives by an ETF may create investment leverage. An ETF may enter into dollar roll or reverse repurchase agreement transactions. Some investments by an ETF may be restricted as to resale or otherwise considered to be illiquid. The Fund or an ETF may enter into repurchase agreement transactions. The Fund will bear a pro rata share of the ETFs expenses. The Fund also bears all of the risks associated with the investment strategies used by the ETFs. Through its investments in ETFs, 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. A description of the ETFs in which the Fund expects to invest is included in Appendix D of the Statement of Additional Information (SAI). Because the Fund will invest substantially all of its assets in ETFs advised by an affiliate of BlackRock, the Fund will not invest in ETFs advised or sponsored by others, even if they are less expensive or have better historical performance records. BlackRock does not receive a subadvisory fee for its services; it does, however, receive fees from the ETFs in which the Fund invests. MML Advisers might be seen to be subject to a conflict of interest, having an interest in selecting ETFs to provide an appropriate level of revenue or other benefits to BlackRock. MML Advisers has advised the Fund that, as a fiduciary to the Fund, MML Advisers has a duty to put the best interests of the Fund ahead of its own interest and that, consequently, it will make investment decisions for the Fund in the best interest of the Fund to achieve the Funds investment objective and not for the benefit of MML Advisers, without regard to any benefit to ?BlackRock from the selection of different ETFs.
C000227128 Holdings
Top 10 holdings of MML VIP BlackRock iShares 80/20 Allocation Fund by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| iShares Core S&P Total U.S. Stock Market ETF | 46.02% |
| iShares Core MSCI International Developed Markets ETF | 14.46% |
| iShares Core U.S. Aggregate Bond ETF | 11.31% |
| iShares Core S&P 500 ETF | 8.12% |
| iShares Core MSCI Emerging Markets ETF | 5.31% |
| iShares 1-5 Year Investment Grade Corporate Bond ETF | 4.50% |
| iShares Core S&P Mid-Cap ETF | 4.07% |
| iShares Core Dividend Growth ETF | 2.88% |
| iShares Broad USD High Yield Corporate Bond ETF | 0.90% |
| iShares Core International Aggregate Bond ETF | 0.89% |
C000227128 Portfolio Allocation
Asset-class allocation of MML VIP BlackRock iShares 80/20 Allocation Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Equity | 99.3% |
| Cash & Equivalents | 0.8% |
C000227128 Performance
Total returns for C000227128 (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| YTD | 9.6% |
| 1 year | 19.4% |
| 3 years (annualised) | 16.1% |
C000227128 Risk Information
Risk metrics for C000227128, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 10.0%
C000227128 Costs and Fees
C000227128 costs about $50 per $10,000 invested per year in fund expenses.
- Net expense ratio: 0.50%
- Gross expense ratio: 0.56%
- Portfolio turnover: 6%
- Brokerage commissions: 0.45 bps of average net assets (SEC N-CEN)
C000227128 Cashflows
Over the 12 months to 2026-06, MML VIP BlackRock iShares 80/20 Allocation Fund had net inflows of $48.02M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2026-06 | $9.85M |
| 2026-05 | $8.58M |
| 2026-04 | −$27.01M |
| 2026-03 | $8.78M |
| 2026-02 | $8.90M |
| 2026-01 | $2.99M |
C000227128 Debt Constituents
No individual debt constituents are reported in MML VIP BlackRock iShares 80/20 Allocation Fund's latest SEC N-PORT filing.
C000227128 Prospectus and SEC Filings
Official MML VIP BlackRock iShares 80/20 Allocation Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2026-04-23
- Prospectus (485BPOS) — filed 2025-04-24
- Prospectus (485BPOS) — filed 2024-04-30
- Portfolio holdings (N-PORT) — filed 2026-08-27
- Portfolio holdings (N-PORT) — filed 2026-05-27
- Portfolio holdings (N-PORT) — filed 2026-02-26
- Annual census (N-CEN) — filed 2026-03-12
- Annual census (N-CEN) — filed 2025-03-13
Related Funds
Other United States Multi-Cap / All-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.