# EDGAR Filing Document

**Accession Number:** 0000916053
**File Stem:** 0001410368-26-019476
**Filing Date:** 2026-2
**Character Count:** 191272
**Document Hash:** 502b2705d3045db46fc2ac047a76410f
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001410368-26-019476.hdr.sgml**: 20260226

**ACCESSION NUMBER**: 0001410368-26-019476

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20251231

**FILED AS OF DATE**: 20260226

**DATE AS OF CHANGE**: 20260226

**PERIOD START**: 20260930

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** MASSMUTUAL SELECT FUNDS
- **CENTRAL INDEX KEY:** 0000916053

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** MA
- **FISCAL YEAR END:** 0930

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-08274
- **FILM NUMBER:** 26688021

**BUSINESS ADDRESS:**
- **STREET 1:** 1295 STATE STREET
- **CITY:** SPRINGFIELD
- **STATE:** MA
- **ZIP:** 01111
- **BUSINESS PHONE:** 413-744-1000

**MAIL ADDRESS:**
- **STREET 1:** 1295 STATE STREET
- **CITY:** SPRINGFIELD
- **STATE:** MA
- **ZIP:** 01111

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** MASSMUTUAL INSTITUTIONAL FUNDS
- **DATE OF NAME CHANGE:** 19931213

## Series and Classes Contracts Data

### MassMutual Mid Cap Growth Fund (Series ID: S000003665)

| Class ID   | Class Name           | Ticker Symbol   |
|:---|:---|:---|
| C000010212 | Class A              | MEFAX           |
| C000010213 | Administrative Class | MMELX           |
| C000010214 | Class R3             | MEFNX           |
| C000010215 | Class R5             | MGRFX           |
| C000010216 | Service Class        | MEFYX           |
| C000093669 | Class I              | MEFZX           |
| C000140357 | Class R4             | MEFFX           |
| C000240790 | Class Y              | MMNGX           |

## Nport-Ex

---

| |
|:---|
| **MassMutual Diversified Value Fund — Portfolio of Investments** |
| **December 31, 2025 (Unaudited)** |

---

---

| | | |
|:---|:---|:---|
|  | **Number of<br> Shares** | **Value** |
| **Equities — 98.2%** |  |  |
| **Common Stock — 98.2%** |  |  |
| **Communication Services — 6.3%** |  |  |
| AT&T, Inc. | 338600 | $8410824 |
| Fox Corp. Class A | 13500 | 986445 |
| Match Group, Inc. | 11700 | 377793 |
| News Corp. Class A | 18000 | 470160 |
| Verizon Communications, Inc. | 201300 | 8198949 |
| Walt Disney Co. | 85500 | 9727335 |
|  |  | 28171506 |
| **Consumer Discretionary — 7.2%** |  |  |
| AutoNation, Inc. (a) | 3200 | 660736 |
| Best Buy Co., Inc. | 4600 | 307878 |
| BorgWarner, Inc. | 10200 | 459612 |
| Darden Restaurants, Inc. | 5500 | 1012110 |
| Dillard's, Inc. Class A (b) | 591 | 358347 |
| DR Horton, Inc. | 14000 | 2016420 |
| eBay, Inc. | 22000 | 1916200 |
| Expedia Group, Inc. | 5700 | 1614867 |
| Ford Motor Co. | 186900 | 2452128 |
| Gap, Inc. | 17700 | 453120 |
| General Motors Co. | 46300 | 3765116 |
| Genuine Parts Co. | 6700 | 823832 |
| Hasbro, Inc. | 5300 | 434600 |
| Lennar Corp. Class A | 6000 | 616800 |
| Lithia Motors, Inc. | 1220 | 405443 |
| Lowe's Cos., Inc. | 29420 | 7094927 |
| Mohawk Industries, Inc. (a) | 600 | 65580 |
| NVR, Inc. (a) | 148 | 1079330 |
| Penske Automotive Group, Inc. | 3200 | 506528 |
| PulteGroup, Inc. | 10500 | 1231230 |
| Tapestry, Inc. | 9800 | 1252146 |
| Toll Brothers, Inc. | 4600 | 622012 |
| TopBuild Corp. (a) | 1379 | 575305 |
| Ulta Beauty, Inc. (a) | 2216 | 1340702 |
| Williams-Sonoma, Inc. | 5800 | 1035822 |
|  |  | 32100791 |
| **Consumer Staples — 6.4%** |  |  |
| Albertsons Cos., Inc. Class A | 26600 | 456722 |
| Altria Group, Inc. | 80400 | 4635864 |
| BJ's Wholesale Club Holdings, Inc. (a) | 3000 | 270090 |
| Coca-Cola Consolidated, Inc. | 3500 | 536550 |
| Dollar General Corp. | 10500 | 1394085 |
| Dollar Tree, Inc. (a) | 9800 | 1205498 |
| Hormel Foods Corp. | 4400 | 104280 |
| Ingredion, Inc. | 3200 | 352832 |
| J.M. Smucker Co. | 1100 | 107591 |

---

**MassMutual Diversified Value Fund — Portfolio of Investments (Continued)**

---

| | | |
|:---|:---|:---|
|  | **Number of<br> Shares** | **Value** |
| Keurig Dr. Pepper, Inc. | 64700 | $1812247 |
| Kraft Heinz Co. | 47900 | 1161575 |
| Kroger Co. | 31700 | 1980616 |
| Mondelez International, Inc. Class A | 53000 | 2852990 |
| PepsiCo, Inc. | 65500 | 9400560 |
| Sysco Corp. | 23000 | 1694870 |
| Tyson Foods, Inc. Class A | 13700 | 803094 |
|  |  | 28769464 |
| **Energy — 8.6%** |  |  |
| Antero Midstream Corp. | 22800 | 405612 |
| Antero Resources Corp. (a) | 14800 | 510008 |
| APA Corp. (b) | 16900 | 413374 |
| Baker Hughes Co. | 43800 | 1994652 |
| Cheniere Energy, Inc. | 10200 | 1982778 |
| Devon Energy Corp. | 30000 | 1098900 |
| Diamondback Energy, Inc. | 13700 | 2059521 |
| EOG Resources, Inc. | 25900 | 2719759 |
| Exxon Mobil Corp. | 137000 | 16486580 |
| Halliburton Co. | 40400 | 1141704 |
| HF Sinclair Corp. | 9100 | 419328 |
| Kinder Morgan, Inc. | 106400 | 2924936 |
| Ovintiv, Inc. | 12300 | 482037 |
| Phillips 66 | 19400 | 2503376 |
| Range Resources Corp. | 11300 | 398438 |
| TechnipFMC PLC | 17100 | 761976 |
| Valero Energy Corp. | 14900 | 2425571 |
|  |  | 38728550 |
| **Financials — 31.2%** |  |  |
| Aflac, Inc. | 21900 | 2414913 |
| Allstate Corp. | 6300 | 1311345 |
| Ally Financial, Inc. | 9000 | 407610 |
| American Financial Group, Inc. | 2800 | 382704 |
| American International Group, Inc. | 23500 | 2010425 |
| Ameriprise Financial, Inc. | 3741 | 1834362 |
| Arch Capital Group Ltd. (a) | 12300 | 1179816 |
| Assurant, Inc. | 2000 | 481700 |
| Axis Capital Holdings Ltd. | 3200 | 342688 |
| Bank of America Corp. | 239200 | 13156000 |
| Bank of New York Mellon Corp. | 27500 | 3192475 |
| Block, Inc. (a) | 13100 | 852679 |
| Chubb Ltd. | 15960 | 4981435 |
| Cincinnati Financial Corp. | 6200 | 1012584 |
| Citigroup, Inc. | 58500 | 6826365 |
| Citizens Financial Group, Inc. | 14900 | 870309 |
| Comerica, Inc. | 3300 | 286869 |
| Commerce Bancshares, Inc. | 4525 | 236838 |
| Corebridge Financial, Inc. | 22300 | 672791 |
| Cullen/Frost Bankers, Inc. | 1600 | 202608 |
| East West Bancorp, Inc. | 4300 | 483277 |
| Equitable Holdings, Inc. | 13700 | 652805 |
| Everest Group Ltd. | 1660 | 563321 |
| F&G Annuities & Life, Inc. | 540 | 16659 |

---

**MassMutual Diversified Value Fund — Portfolio of Investments (Continued)**

---

| | | |
|:---|:---|:---|
|  | **Number of<br> Shares** | **Value** |
| Fidelity National Financial, Inc. | 8900 | $485851 |
| Fifth Third Bancorp | 19100 | 894071 |
| First Citizens BancShares, Inc. Class A | 522 | 1120306 |
| First Horizon Corp. | 12700 | 303530 |
| Globe Life, Inc. | 2000 | 279720 |
| Goldman Sachs Group, Inc. | 11726 | 10307154 |
| Hartford Insurance Group, Inc. | 11400 | 1570920 |
| JP Morgan Chase & Co. | 75240 | 24243833 |
| Loews Corp. | 8600 | 905666 |
| M&T Bank Corp. | 4600 | 926808 |
| Markel Group, Inc. (a) | 448 | 963043 |
| MetLife, Inc. | 28200 | 2226108 |
| Morgan Stanley | 60400 | 10722812 |
| Northern Trust Corp. | 8000 | 1092720 |
| Old Republic International Corp. | 9800 | 447272 |
| PNC Financial Services Group, Inc. | 13200 | 2755236 |
| Popular, Inc. | 1000 | 124520 |
| Primerica, Inc. | 1360 | 351370 |
| Principal Financial Group, Inc. | 9100 | 802711 |
| Progressive Corp. | 17400 | 3962328 |
| Prudential Financial, Inc. | 12500 | 1411000 |
| Raymond James Financial, Inc. | 8300 | 1332897 |
| Regions Financial Corp. | 30200 | 818420 |
| Reinsurance Group of America, Inc. | 2200 | 447612 |
| RenaissanceRe Holdings Ltd. | 2100 | 590436 |
| SEI Investments Co. | 5100 | 418302 |
| State Street Corp. | 11500 | 1483615 |
| Stifel Financial Corp. | 3300 | 413226 |
| Synchrony Financial | 15700 | 1309851 |
| T. Rowe Price Group, Inc. | 7600 | 778088 |
| Travelers Cos., Inc. | 14160 | 4107250 |
| Truist Financial Corp. | 32500 | 1599325 |
| Unum Group | 6700 | 519250 |
| US Bancorp | 38600 | 2059696 |
| Voya Financial, Inc. | 1800 | 134082 |
| W. R. Berkley Corp. | 15300 | 1072836 |
| Webster Financial Corp. | 5800 | 365052 |
| Wells Fargo & Co. | 114400 | 10662080 |
| Western Alliance Bancorp | 2500 | 210175 |
| Willis Towers Watson PLC | 3500 | 1150100 |
| Zions Bancorp NA | 3100 | 181474 |
|  |  | 139923324 |
| **Health Care — 17.6%** |  |  |
| Amgen, Inc. | 25800 | 8444598 |
| Bio-Rad Laboratories, Inc. Class A (a) (b) | 1100 | 333289 |
| Cencora, Inc. | 9140 | 3087035 |
| Cigna Group | 12800 | 3522944 |
| Cooper Cos., Inc. (a) | 3000 | 245880 |
| CVS Health Corp. | 50200 | 3983872 |
| Encompass Health Corp. | 1600 | 169824 |
| Exelixis, Inc. (a) | 12900 | 565407 |
| GE HealthCare Technologies, Inc. (a) | 12100 | 992442 |
| Gilead Sciences, Inc. | 59500 | 7303030 |

---

**MassMutual Diversified Value Fund — Portfolio of Investments (Continued)**

---

| | | |
|:---|:---|:---|
|  | **Number of<br> Shares** | **Value** |
| Halozyme Therapeutics, Inc. (a) | 5600 | $376880 |
| HCA Healthcare, Inc. | 13095 | 6113532 |
| Henry Schein, Inc. (a) | 5800 | 438364 |
| Humana, Inc. | 5720 | 1465063 |
| Jazz Pharmaceuticals PLC (a) | 2600 | 442000 |
| Johnson & Johnson | 96300 | 19929285 |
| Labcorp Holdings, Inc. | 3920 | 983450 |
| Medtronic PLC | 61100 | 5869266 |
| Merck & Co., Inc. | 54800 | 5768248 |
| Pfizer, Inc. | 86400 | 2151360 |
| Quest Diagnostics, Inc. | 5600 | 971768 |
| Regeneron Pharmaceuticals, Inc. | 1600 | 1234992 |
| Royalty Pharma PLC Class A | 11400 | 440496 |
| Tenet Healthcare Corp. (a) | 4400 | 874368 |
| United Therapeutics Corp. (a) | 2117 | 1031508 |
| Universal Health Services, Inc. Class B | 3100 | 675862 |
| Viatris, Inc. | 55200 | 687240 |
| Zimmer Biomet Holdings, Inc. | 9600 | 863232 |
|  |  | 78965235 |
| **Industrials — 8.4%** |  |  |
| 3M Co. | 25300 | 4050530 |
| A.O. Smith Corp. | 5500 | 367840 |
| Acuity, Inc. | 1410 | 507656 |
| AECOM | 2000 | 190660 |
| AGCO Corp. | 3500 | 365120 |
| Allegion PLC | 3600 | 573192 |
| Allison Transmission Holdings, Inc. | 1300 | 127270 |
| CACI International, Inc. Class A (a) | 1034 | 550926 |
| Carlisle Cos., Inc. | 2060 | 658912 |
| Core & Main, Inc. Class A (a) | 9200 | 478124 |
| CSX Corp. | 83100 | 3012375 |
| Cummins, Inc. | 5464 | 2789099 |
| Delta Air Lines, Inc. | 24500 | 1700300 |
| Dover Corp. | 3800 | 741912 |
| FedEx Corp. | 11300 | 3264118 |
| General Dynamics Corp. | 10940 | 3683060 |
| Genpact Ltd. | 8400 | 392952 |
| Huntington Ingalls Industries, Inc. | 1760 | 598523 |
| Leidos Holdings, Inc. | 6200 | 1118480 |
| Masco Corp. | 10100 | 640946 |
| Mueller Industries, Inc. | 5300 | 608440 |
| Oshkosh Corp. | 3200 | 402016 |
| PACCAR, Inc. | 25100 | 2748701 |
| Regal Rexnord Corp. | 3000 | 420960 |
| Snap-on, Inc. | 2620 | 902852 |
| Southwest Airlines Co. | 25200 | 1041516 |
| Textron, Inc. | 9100 | 793247 |
| Toro Co. | 1000 | 78720 |
| United Airlines Holdings, Inc. (a) | 15600 | 1744392 |
| United Rentals, Inc. | 3122 | 2526697 |
| WESCO International, Inc. | 2400 | 587136 |
|  |  | 37666672 |

---

**MassMutual Diversified Value Fund — Portfolio of Investments (Continued)**

---

| | | |
|:---|:---|:---|
|  | **Number of<br> Shares** | **Value** |
| **Information Technology — 5.4%** |  |  |
| CDW Corp. | 3300 | $449460 |
| Cisco Systems, Inc. | 56700 | 4367601 |
| Cognizant Technology Solutions Corp. Class A | 23400 | 1942200 |
| Dell Technologies, Inc. Class C | 16200 | 2039256 |
| Dropbox, Inc. Class A (a) | 9700 | 269660 |
| F5, Inc. (a) | 900 | 229734 |
| First Solar, Inc. (a) | 5100 | 1332273 |
| Gen Digital, Inc. | 29500 | 802105 |
| HP, Inc. | 20600 | 458968 |
| NetApp, Inc. | 9600 | 1028064 |
| ON Semiconductor Corp. (a) | 19300 | 1045095 |
| QUALCOMM, Inc. | 52400 | 8963020 |
| Skyworks Solutions, Inc. | 1500 | 95115 |
| TD SYNNEX Corp. | 3800 | 570874 |
| Twilio, Inc. Class A (a) | 4000 | 568960 |
|  |  | 24162385 |
| **Materials — 3.9%** |  |  |
| Albemarle Corp. | 5600 | 792064 |
| Alcoa Corp. | 12400 | 658936 |
| Avery Dennison Corp. | 3600 | 654768 |
| Ball Corp. | 13200 | 699204 |
| CF Industries Holdings, Inc. | 7700 | 595518 |
| Corteva, Inc. | 32400 | 2171772 |
| Crown Holdings, Inc. | 5500 | 566335 |
| Mosaic Co. | 14100 | 339669 |
| Newmont Corp. (NEM US) | 49300 | 4922605 |
| Nucor Corp. | 10900 | 1777899 |
| Packaging Corp. of America | 4200 | 866166 |
| PPG Industries, Inc. | 10000 | 1024600 |
| Reliance, Inc. | 2560 | 739507 |
| RPM International, Inc. | 2900 | 301600 |
| Steel Dynamics, Inc. | 8600 | 1457270 |
|  |  | 17567913 |
| **Real Estate — 0.2%** |  |  |
| Jones Lang LaSalle, Inc. (a) | 2190 | 736869 |
| **Utilities — 3.0%** |  |  |
| AES Corp. | 34200 | 490428 |
| Alliant Energy Corp. | 3900 | 253539 |
| DTE Energy Co. | 9200 | 1186616 |
| Duke Energy Corp. | 29400 | 3445974 |
| Evergy, Inc. | 11000 | 797390 |
| FirstEnergy Corp. | 27700 | 1240129 |
| National Fuel Gas Co. | 4000 | 320240 |
| PPL Corp. (b) | 35400 | 1239708 |
| Public Service Enterprise Group, Inc. | 23800 | 1911140 |
| Southern Co. | 18800 | 1639360 |
| UGI Corp. | 3300 | 123519 |

---

**MassMutual Diversified Value Fund — Portfolio of Investments (Continued)**

---

| | | |
|:---|:---|:---|
|  | **Number of<br> Shares** | **Value** |
| WEC Energy Group, Inc. | 5400 | $569484 |
|  |  | 13217527 |
| **TOTAL COMMON STOCK <br> (Cost $385,565,168)** |  | **440010236** |
| **TOTAL EQUITIES <br> (Cost $385,565,168)** |  | **440010236** |
| **Exchange-Traded Funds — 1.9%** |  |  |
| iShares Russell 1000 Value ETF (b) | 41100 | 8644974 |
| **TOTAL EXCHANGE-TRADED FUNDS <br> (Cost $8,702,719)** |  | **8644974** |
| **TOTAL LONG-TERM INVESTMENTS <br> (Cost $394,267,887)** |  | **448655210** |
| **Short-Term Investments — 0.9%** |  |  |
| **Investment of Cash Collateral from Securities Loaned — 0.3%** |  |  |
| State Street Navigator Securities Lending Government Money Market Portfolio, 3.804% (c) | 1451925 | 1451925 |
|  | **Principal Amount** |  |
| **Repurchase Agreement — 0.6%** |  |  |
| Fixed Income Clearing Corp., Repurchase Agreement, dated 12/31/25, 2.000%, due 1/02/26 (d) | $2608283 | 2608283 |
| **TOTAL SHORT-TERM INVESTMENTS<br> (Cost $4,060,208)** |  | **4060208** |
| **TOTAL INVESTMENTS — 101.0%<br> (Cost $398,328,095) (e)** |  | **452715418** |
| **Other Assets/(Liabilities) — (1.0)%** |  | **(4510633)** |
| **NET ASSETS — 100.0%** |  | $**448204785** |

---

---

| | |
|:---|:---|
| **Abbreviation Legend** | **Abbreviation Legend** |
| ETF | Exchange-Traded Fund |
| **Notes to Portfolio of Investments** | **Notes to Portfolio of Investments** |
| Percentages are stated as a percent of net assets. | Percentages are stated as a percent of net assets. |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) Non-income producing security.

(b) Denotes all or a portion of security on loan. The total value of securities on loan as of December 31, 2025, was $3,387,893 or 0.76% of net assets. The Fund received $2,023,678 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 and 7-day effective yield as of December 31, 2025. (Note 2).

(d) Maturity value of $2,608,573. Collateralized by U.S. Government Agency obligations with a rate of 3.875%, maturity date of 5/31/27, and an aggregate market value, including accrued interest, of $2,660,601.

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

---

| |
|:---|
| ***MM S&P 500<sup>®</sup> Index Fund — Portfolio of Investments*** |
| **December 31, 2025 (Unaudited)** |

---

---

| | | |
|:---|:---|:---|
|  | **Number of<br> Shares** | **Value** |
| **Equities — 99.5%** |  |  |
| **Common Stock — 99.5%** |  |  |
| **Communication Services — 10.5%** |  |  |
| Alphabet, Inc. Class A | 221829 | $69432477 |
| Alphabet, Inc. Class C | 177297 | 55635799 |
| AT&T, Inc. | 270307 | 6714426 |
| Charter Communications, Inc. Class A (a) (b) | 3415 | 712881 |
| Comcast Corp. Class A | 138349 | 4135252 |
| Electronic Arts, Inc. | 8556 | 1748247 |
| Fox Corp. Class A | 8307 | 606992 |
| Fox Corp. Class B | 5669 | 368088 |
| Live Nation Entertainment, Inc. (a) (b) | 6115 | 871387 |
| Match Group, Inc. | 9357 | 302138 |
| Meta Platforms, Inc. Class A | 83039 | 54813214 |
| Netflix, Inc. (a) | 161561 | 15147959 |
| News Corp. Class A | 14252 | 372262 |
| News Corp. Class B (b) | 5372 | 159172 |
| Omnicom Group, Inc. | 12475 | 1007356 |
| Paramount Skydance Corp. Class B (b) | 12749 | 170837 |
| T-Mobile US, Inc. | 18338 | 3723348 |
| Take-Two Interactive Software, Inc. (a) | 6729 | 1722826 |
| TKO Group Holdings, Inc. | 2585 | 540265 |
| Trade Desk, Inc. Class A (a) | 17309 | 657050 |
| Verizon Communications, Inc. | 160585 | 6540627 |
| Walt Disney Co. | 68070 | 7744324 |
| Warner Bros Discovery, Inc. (a) | 94694 | 2729081 |
|  |  | 235856008 |
| **Consumer Discretionary — 10.4%** |  |  |
| Airbnb, Inc. Class A (a) | 16159 | 2193099 |
| Amazon.com, Inc. (a) | 370914 | 85614369 |
| Aptiv PLC (a) | 8425 | 641058 |
| AutoZone, Inc. (a) | 628 | 2129862 |
| Best Buy Co., Inc. | 7812 | 522857 |
| Booking Holdings, Inc. | 1229 | 6581701 |
| Carnival Corp. (a) | 41760 | 1275350 |
| Carvana Co. (a) | 5392 | 2275532 |
| Chipotle Mexican Grill, Inc. (a) | 50972 | 1885964 |
| Darden Restaurants, Inc. | 4238 | 779877 |
| Deckers Outdoor Corp. (a) | 5412 | 561062 |
| Domino's Pizza, Inc. | 1231 | 513105 |
| DoorDash, Inc., Class A (a) | 14269 | 3231643 |
| DR Horton, Inc. | 10426 | 1501657 |
| eBay, Inc. | 17256 | 1502998 |
| Expedia Group, Inc. | 4522 | 1281128 |
| Ford Motor Co. | 150413 | 1973419 |
| Garmin Ltd. | 6191 | 1255844 |
| General Motors Co. | 35568 | 2892390 |
| Genuine Parts Co. | 5072 | 623653 |
| Hasbro, Inc. | 5136 | 421152 |

---

***MM S&P 500<sup>®</sup> Index Fund — Portfolio of Investments (Continued)***

---

| | | |
|:---|:---|:---|
|  | **Number of<br> Shares** | **Value** |
| Hilton Worldwide Holdings, Inc. | 8941 | $2568302 |
| Home Depot, Inc. | 37896 | 13040014 |
| Las Vegas Sands Corp. | 11191 | 728422 |
| Lennar Corp. Class A | 8286 | 851801 |
| Lowe's Cos., Inc. | 21351 | 5149007 |
| Lululemon Athletica, Inc. (a) | 4139 | 860126 |
| Marriott International, Inc. Class A | 8467 | 2626802 |
| McDonald's Corp. | 27153 | 8298771 |
| MGM Resorts International (a) | 8202 | 299291 |
| NIKE, Inc. Class B | 45602 | 2905303 |
| Norwegian Cruise Line Holdings Ltd. (a) (b) | 15745 | 351428 |
| NVR, Inc. (a) | 106 | 773034 |
| O'Reilly Automotive, Inc. (a) | 32052 | 2923463 |
| Pool Corp. | 1294 | 296003 |
| PulteGroup, Inc. | 7339 | 860571 |
| Ralph Lauren Corp. | 1564 | 553046 |
| Ross Stores, Inc. | 12475 | 2247247 |
| Royal Caribbean Cruises Ltd. | 9678 | 2699388 |
| Starbucks Corp. | 43354 | 3650840 |
| Tapestry, Inc. | 7895 | 1008744 |
| Tesla, Inc. (a) | 107138 | 48182101 |
| TJX Cos., Inc. | 42434 | 6518287 |
| Tractor Supply Co. | 20027 | 1001550 |
| Ulta Beauty, Inc. (a) | 1683 | 1018232 |
| Williams-Sonoma, Inc. | 4771 | 852053 |
| Wynn Resorts Ltd. (b) | 3334 | 401180 |
| Yum! Brands, Inc. | 10735 | 1623991 |
|  |  | 231946717 |
| **Consumer Staples — 4.7%** |  |  |
| Altria Group, Inc. | 64387 | 3712554 |
| Archer-Daniels-Midland Co. | 17870 | 1027346 |
| Brown-Forman Corp. Class B (b) | 5661 | 147526 |
| Bunge Global SA | 5172 | 460722 |
| Campbell's Co. | 6543 | 182353 |
| Church & Dwight Co., Inc. | 9457 | 792970 |
| Clorox Co. | 4948 | 498907 |
| Coca-Cola Co. | 147611 | 10319485 |
| Colgate-Palmolive Co. | 30651 | 2422042 |
| Conagra Brands, Inc. | 17698 | 306352 |
| Constellation Brands, Inc. Class A | 5629 | 776577 |
| Costco Wholesale Corp. | 16898 | 14571821 |
| Dollar General Corp. | 8534 | 1133059 |
| Dollar Tree, Inc. (a) | 7104 | 873863 |
| Estee Lauder Cos., Inc. Class A | 9552 | 1000285 |
| General Mills, Inc. | 20906 | 972129 |
| Hershey Co. | 5834 | 1061671 |
| Hormel Foods Corp. | 10237 | 242617 |
| J.M. Smucker Co. | 4051 | 396228 |
| Kenvue, Inc. | 72168 | 1244898 |
| Keurig Dr. Pepper, Inc. | 51203 | 1434196 |
| Kimberly-Clark Corp. | 12570 | 1268187 |
| Kraft Heinz Co. | 31562 | 765379 |
| Kroger Co. | 23363 | 1459720 |

---

***MM S&P 500<sup>®</sup> Index Fund — Portfolio of Investments (Continued)***

---

| | | |
|:---|:---|:---|
|  | **Number of<br> Shares** | **Value** |
| Lamb Weston Holdings, Inc. | 5178 | $216906 |
| McCormick & Co., Inc. | 10204 | 694994 |
| Molson Coors Beverage Co. Class B | 6512 | 303980 |
| Mondelez International, Inc. Class A | 49177 | 2647198 |
| Monster Beverage Corp. (a) | 27296 | 2092784 |
| PepsiCo, Inc. | 52042 | 7469068 |
| Philip Morris International, Inc. | 59352 | 9520061 |
| Procter & Gamble Co. | 89095 | 12768205 |
| Sysco Corp. | 18317 | 1349780 |
| Target Corp. | 17122 | 1673676 |
| Tyson Foods, Inc. Class A | 11354 | 665572 |
| Walmart, Inc. | 167194 | 18627084 |
|  |  | 105100195 |
| **Energy — 2.8%** |  |  |
| APA Corp. (b) | 13535 | 331066 |
| Baker Hughes Co. | 37658 | 1714945 |
| Chevron Corp. | 72166 | 10998820 |
| ConocoPhillips | 47116 | 4410529 |
| Coterra Energy, Inc. | 30513 | 803102 |
| Devon Energy Corp. | 23610 | 864834 |
| Diamondback Energy, Inc. | 6964 | 1046898 |
| EOG Resources, Inc. | 20492 | 2151865 |
| EQT Corp. | 24009 | 1286882 |
| Expand Energy Corp. | 8830 | 974479 |
| Exxon Mobil Corp. | 160793 | 19349830 |
| Halliburton Co. | 32941 | 930913 |
| Kinder Morgan, Inc. | 73775 | 2028075 |
| Marathon Petroleum Corp. | 11322 | 1841297 |
| Occidental Petroleum Corp. | 27107 | 1114640 |
| ONEOK, Inc. | 24277 | 1784359 |
| Phillips 66 | 15624 | 2016121 |
| SLB Ltd. | 56719 | 2176875 |
| Targa Resources Corp. | 8121 | 1498324 |
| Texas Pacific Land Corp. | 2172 | 623842 |
| Valero Energy Corp. | 11811 | 1922713 |
| Williams Cos., Inc. | 46423 | 2790487 |
|  |  | 62660896 |
| **Financials — 13.3%** |  |  |
| Aflac, Inc. | 17985 | 1983206 |
| Allstate Corp. | 10096 | 2101482 |
| American Express Co. | 20486 | 7578796 |
| American International Group, Inc. | 20962 | 1793299 |
| Ameriprise Financial, Inc. | 3594 | 1762282 |
| Aon PLC Class A | 8131 | 2869267 |
| Apollo Global Management, Inc. | 17558 | 2541696 |
| Arch Capital Group Ltd. (a) | 13768 | 1320627 |
| ARES Management Corp. Class A | 7890 | 1275261 |
| Arthur J Gallagher & Co. | 9771 | 2528637 |
| Assurant, Inc. | 1976 | 475920 |
| Bank of America Corp. | 256156 | 14088580 |
| Bank of New York Mellon Corp. | 26589 | 3086717 |
| Berkshire Hathaway, Inc. Class B (a) | 69917 | 35143780 |

---

***MM S&P 500<sup>®</sup> Index Fund — Portfolio of Investments (Continued)***

---

| | | |
|:---|:---|:---|
|  | **Number of<br> Shares** | **Value** |
| Blackrock, Inc. | 5478 | $5863322 |
| Blackstone, Inc. | 28317 | 4364782 |
| Block, Inc. (a) | 20447 | 1330895 |
| Brown & Brown, Inc. | 11055 | 881083 |
| Capital One Financial Corp. | 24239 | 5874564 |
| Cboe Global Markets, Inc. | 4079 | 1023829 |
| Charles Schwab Corp. | 63686 | 6362868 |
| Chubb Ltd. | 13955 | 4355635 |
| Cincinnati Financial Corp. | 6157 | 1005561 |
| Citigroup, Inc. | 68223 | 7960942 |
| Citizens Financial Group, Inc. | 16580 | 968438 |
| CME Group, Inc. | 13670 | 3733004 |
| Coinbase Global, Inc. Class A (a) | 8665 | 1959503 |
| Corpay, Inc. (a) | 2718 | 817928 |
| Erie Indemnity Co. Class A | 864 | 247666 |
| Everest Group Ltd. | 1517 | 514794 |
| FactSet Research Systems, Inc. | 1540 | 446893 |
| Fidelity National Information Services, Inc. | 20097 | 1335647 |
| Fifth Third Bancorp | 24934 | 1167160 |
| Fiserv, Inc. (a) | 20343 | 1366439 |
| Franklin Resources, Inc. | 10758 | 257009 |
| Global Payments, Inc. | 9445 | 731043 |
| Globe Life, Inc. | 3266 | 456783 |
| Goldman Sachs Group, Inc. | 11436 | 10052244 |
| Hartford Insurance Group, Inc. | 10831 | 1492512 |
| Huntington Bancshares, Inc. | 56661 | 983068 |
| Interactive Brokers Group, Inc. Class A | 16684 | 1072948 |
| Intercontinental Exchange, Inc. | 21883 | 3544171 |
| Invesco Ltd. | 16243 | 426704 |
| Jack Henry & Associates, Inc. | 2897 | 528645 |
| JP Morgan Chase & Co. | 103795 | 33444825 |
| KeyCorp. | 36745 | 758417 |
| KKR & Co., Inc. | 25990 | 3313205 |
| Loews Corp. | 6395 | 673457 |
| M&T Bank Corp. | 5966 | 1202030 |
| Marsh & McLennan Cos., Inc. | 18789 | 3485735 |
| Mastercard, Inc. Class A | 31263 | 17847421 |
| MetLife, Inc. | 20884 | 1648583 |
| Moody's Corp. | 5929 | 3028830 |
| Morgan Stanley | 46054 | 8175967 |
| MSCI, Inc. | 2865 | 1643736 |
| Nasdaq, Inc. | 17124 | 1663254 |
| Northern Trust Corp. | 7037 | 961184 |
| PayPal Holdings, Inc. | 35512 | 2073191 |
| PNC Financial Services Group, Inc. | 14863 | 3102354 |
| Principal Financial Group, Inc. | 7591 | 669602 |
| Progressive Corp. | 22347 | 5088859 |
| Prudential Financial, Inc. | 13321 | 1503674 |
| Raymond James Financial, Inc. | 6625 | 1063909 |
| Regions Financial Corp. | 34593 | 937470 |
| Robinhood Markets, Inc. Class A (a) | 29545 | 3341539 |
| S&P Global, Inc. | 11820 | 6177014 |
| State Street Corp. | 10522 | 1357443 |
| Synchrony Financial | 13723 | 1144910 |
| T. Rowe Price Group, Inc. | 8489 | 869104 |

---

***MM S&P 500<sup>®</sup> Index Fund — Portfolio of Investments (Continued)***

---

| | | |
|:---|:---|:---|
|  | **Number of<br> Shares** | **Value** |
| Travelers Cos., Inc. | 8430 | $2445206 |
| Truist Financial Corp. | 49074 | 2414931 |
| US Bancorp | 58847 | 3140076 |
| Visa, Inc. Class A | 64346 | 22566786 |
| W. R. Berkley Corp. | 11578 | 811849 |
| Wells Fargo & Co. | 119687 | 11154828 |
| Willis Towers Watson PLC | 3608 | 1185589 |
|  |  | 298570608 |
| **Health Care — 9.6%** |  |  |
| Abbott Laboratories | 66300 | 8306727 |
| AbbVie, Inc. | 67387 | 15397256 |
| Agilent Technologies, Inc. | 10957 | 1490919 |
| Align Technology, Inc. (a) | 2413 | 376790 |
| Amgen, Inc. | 20461 | 6697090 |
| Baxter International, Inc. | 20851 | 398463 |
| Becton Dickinson & Co. | 10911 | 2117498 |
| Bio-Techne Corp. | 5849 | 343980 |
| Biogen, Inc. (a) | 5568 | 979912 |
| Boston Scientific Corp. (a) | 56566 | 5393568 |
| Bristol-Myers Squibb Co. | 77296 | 4169346 |
| Cardinal Health, Inc. | 9133 | 1876831 |
| Cencora, Inc. | 7462 | 2520290 |
| Centene Corp. (a) | 17220 | 708603 |
| Charles River Laboratories International, Inc. (a) | 1931 | 385196 |
| Cigna Group | 10114 | 2783676 |
| Cooper Cos., Inc. (a) | 7786 | 638141 |
| CVS Health Corp. | 48401 | 3841103 |
| Danaher Corp. | 23969 | 5486983 |
| DaVita, Inc. (a) | 1402 | 159281 |
| Dexcom, Inc. (a) | 15102 | 1002320 |
| Edwards Lifesciences Corp. (a) | 22126 | 1886241 |
| Elevance Health, Inc. | 8474 | 2970561 |
| Eli Lilly & Co. | 30278 | 32539161 |
| GE HealthCare Technologies, Inc. (a) | 17649 | 1447571 |
| Gilead Sciences, Inc. | 47440 | 5822786 |
| HCA Healthcare, Inc. | 6090 | 2843177 |
| Henry Schein, Inc. (a) | 3822 | 288867 |
| Hologic, Inc. (a) | 8044 | 599198 |
| Humana, Inc. | 4580 | 1173075 |
| IDEXX Laboratories, Inc. (a) | 3073 | 2078977 |
| Incyte Corp. (a) | 6194 | 611781 |
| Insulet Corp. (a) | 2724 | 774270 |
| Intuitive Surgical, Inc. (a) | 13516 | 7654922 |
| IQVIA Holdings, Inc. (a) | 6388 | 1439919 |
| Johnson & Johnson | 91862 | 19010841 |
| Labcorp Holdings, Inc. | 3249 | 815109 |
| McKesson Corp. | 4706 | 3860285 |
| Medtronic PLC | 49019 | 4708765 |
| Merck & Co., Inc. | 94635 | 9961280 |
| Mettler-Toledo International, Inc. (a) | 779 | 1086074 |
| Moderna, Inc. (a) | 13169 | 388354 |
| Molina Healthcare, Inc. (a) | 1843 | 319834 |
| Pfizer, Inc. | 217111 | 5406064 |

---

***MM S&P 500<sup>®</sup> Index Fund — Portfolio of Investments (Continued)***

---

| | | |
|:---|:---|:---|
|  | **Number of<br> Shares** | **Value** |
| Quest Diagnostics, Inc. | 4160 | $721885 |
| Regeneron Pharmaceuticals, Inc. | 3806 | 2937737 |
| ResMed, Inc. | 5523 | 1330325 |
| Revvity, Inc. (b) | 4686 | 453370 |
| Solventum Corp. (a) | 5279 | 418308 |
| STERIS PLC | 3880 | 983658 |
| Stryker Corp. | 13238 | 4652760 |
| Thermo Fisher Scientific, Inc. | 14325 | 8300621 |
| UnitedHealth Group, Inc. | 34538 | 11401339 |
| Universal Health Services, Inc. Class B | 2230 | 486185 |
| Vertex Pharmaceuticals, Inc. (a) | 9674 | 4385805 |
| Viatris, Inc. | 44845 | 558320 |
| Waters Corp. (a) | 2229 | 846641 |
| West Pharmaceutical Services, Inc. | 2652 | 729671 |
| Zimmer Biomet Holdings, Inc. | 7387 | 664239 |
| Zoetis, Inc. | 16736 | 2105724 |
|  |  | 213737673 |
| **Industrials — 8.1%** |  |  |
| 3M Co. | 20155 | 3226816 |
| A.O. Smith Corp. | 4211 | 281632 |
| Allegion PLC | 3372 | 536890 |
| AMETEK, Inc. | 8765 | 1799542 |
| Automatic Data Processing, Inc. | 15522 | 3992724 |
| Axon Enterprise, Inc. (a) | 2948 | 1674258 |
| Boeing Co. (a) | 29768 | 6463228 |
| Broadridge Financial Solutions, Inc. | 4401 | 982171 |
| Builders FirstSource, Inc. (a) | 4451 | 457963 |
| C.H. Robinson Worldwide, Inc. | 4630 | 744319 |
| Carrier Global Corp. | 30081 | 1589480 |
| Caterpillar, Inc. | 17843 | 10221719 |
| Cintas Corp. | 13184 | 2479515 |
| Comfort Systems USA, Inc. | 1342 | 1252475 |
| Copart, Inc. (a) | 33341 | 1305300 |
| CSX Corp. | 70918 | 2570778 |
| Cummins, Inc. | 5257 | 2683436 |
| Dayforce, Inc. (a) | 5877 | 406453 |
| Deere & Co. | 9657 | 4496010 |
| Delta Air Lines, Inc. | 24950 | 1731530 |
| Dover Corp. | 5283 | 1031453 |
| Eaton Corp. PLC | 14925 | 4753762 |
| EMCOR Group, Inc. | 1658 | 1014348 |
| Emerson Electric Co. | 21535 | 2858125 |
| Equifax, Inc. | 4656 | 1010259 |
| Expeditors International of Washington, Inc. | 5234 | 779918 |
| Fastenal Co. | 43223 | 1734539 |
| FedEx Corp. | 8368 | 2417180 |
| Fortive Corp. | 11696 | 645736 |
| GE Vernova, Inc. | 10341 | 6758567 |
| Generac Holdings, Inc. (a) | 2213 | 301787 |
| General Dynamics Corp. | 9589 | 3228233 |
| General Electric Co. | 40218 | 12388351 |
| Honeywell International, Inc. | 24362 | 4752783 |
| Howmet Aerospace, Inc. | 15430 | 3163459 |

---

***MM S&P 500<sup>®</sup> Index Fund — Portfolio of Investments (Continued)***

---

| | | |
|:---|:---|:---|
|  | **Number of<br> Shares** | **Value** |
| Hubbell, Inc. | 2063 | $916199 |
| Huntington Ingalls Industries, Inc. | 1521 | 517246 |
| IDEX Corp. | 3030 | 539158 |
| Illinois Tool Works, Inc. | 10098 | 2487137 |
| Ingersoll Rand, Inc. | 13424 | 1063449 |
| Jacobs Solutions, Inc. | 4500 | 596070 |
| JB Hunt Transport Services, Inc. | 2748 | 534046 |
| Johnson Controls International PLC | 23301 | 2790295 |
| L3Harris Technologies, Inc. | 7092 | 2081998 |
| Leidos Holdings, Inc. | 5051 | 911200 |
| Lennox International, Inc. | 1157 | 561816 |
| Lockheed Martin Corp. | 7764 | 3755214 |
| Masco Corp. | 8410 | 533699 |
| Nordson Corp. | 2136 | 513558 |
| Norfolk Southern Corp. | 8529 | 2462493 |
| Northrop Grumman Corp. | 5109 | 2913203 |
| Old Dominion Freight Line, Inc. | 6918 | 1084742 |
| Otis Worldwide Corp. | 14880 | 1299768 |
| PACCAR, Inc. | 19985 | 2188557 |
| Parker-Hannifin Corp. | 4792 | 4211976 |
| Paychex, Inc. | 12375 | 1388228 |
| Paycom Software, Inc. | 1803 | 287326 |
| Pentair PLC | 6207 | 646397 |
| Quanta Services, Inc. | 5746 | 2425157 |
| Republic Services, Inc. | 7586 | 1607701 |
| Rockwell Automation, Inc. | 4243 | 1650824 |
| Rollins, Inc. | 11099 | 666162 |
| RTX Corp. | 51121 | 9375591 |
| Snap-on, Inc. | 1918 | 660943 |
| Southwest Airlines Co. | 20343 | 840776 |
| Stanley Black & Decker, Inc. | 6114 | 454148 |
| Textron, Inc. | 6440 | 561375 |
| Trane Technologies PLC | 8418 | 3276286 |
| TransDigm Group, Inc. | 2154 | 2864497 |
| Uber Technologies, Inc. (a) | 79183 | 6470043 |
| Union Pacific Corp. | 22726 | 5256978 |
| United Airlines Holdings, Inc. (a) | 12372 | 1383437 |
| United Parcel Service, Inc. Class B | 28390 | 2816004 |
| United Rentals, Inc. | 2426 | 1963410 |
| Veralto Corp. | 9670 | 964873 |
| Verisk Analytics, Inc. | 5287 | 1182649 |
| W.W. Grainger, Inc. | 1642 | 1656860 |
| Waste Management, Inc. | 14201 | 3120102 |
| Westinghouse Air Brake Technologies Corp. | 6571 | 1402580 |
| Xylem, Inc. | 9318 | 1268925 |
|  |  | 181887835 |
| **Information Technology — 34.3%** |  |  |
| Accenture PLC Class A | 23645 | 6343953 |
| Adobe, Inc. (a) | 15960 | 5585840 |
| Advanced Micro Devices, Inc. (a) | 62130 | 13305761 |
| Akamai Technologies, Inc. (a) | 5244 | 457539 |
| Amphenol Corp. Class A | 46938 | 6343201 |
| Analog Devices, Inc. | 18709 | 5073881 |

---

***MM S&P 500<sup>®</sup> Index Fund — Portfolio of Investments (Continued)***

---

| | | |
|:---|:---|:---|
|  | **Number of<br> Shares** | **Value** |
| Apple, Inc. | 563395 | $153164565 |
| Applied Materials, Inc. | 30374 | 7805814 |
| AppLovin Corp. Class A (a) | 10359 | 6980101 |
| Arista Networks, Inc. (a) | 39263 | 5144631 |
| Autodesk, Inc. (a) | 8249 | 2441786 |
| Broadcom, Inc. | 180055 | 62317035 |
| Cadence Design Systems, Inc. (a) | 10510 | 3285216 |
| CDW Corp. | 4759 | 648176 |
| Cisco Systems, Inc. | 150252 | 11573912 |
| Cognizant Technology Solutions Corp. Class A | 18352 | 1523216 |
| Corning, Inc. | 29323 | 2567522 |
| Crowdstrike Holdings, Inc. Class A (a) | 9589 | 4494940 |
| Datadog, Inc. Class A (a) | 12476 | 1696611 |
| Dell Technologies, Inc. Class C | 11684 | 1470782 |
| EPAM Systems, Inc. (a) | 2209 | 452580 |
| F5, Inc. (a) | 2322 | 592714 |
| Fair Isaac Corp. (a) | 893 | 1509724 |
| First Solar, Inc. (a) | 4057 | 1059810 |
| Fortinet, Inc. (a) | 24074 | 1911716 |
| Gartner, Inc. (a) | 2740 | 691247 |
| Gen Digital, Inc. | 21668 | 589153 |
| GoDaddy, Inc. Class A (a) | 4957 | 615065 |
| Hewlett Packard Enterprise Co. | 49388 | 1186300 |
| HP, Inc. | 34615 | 771222 |
| Intel Corp. (a) | 168092 | 6202595 |
| International Business Machines Corp. | 35618 | 10550408 |
| Intuit, Inc. | 10630 | 7041525 |
| Jabil, Inc. | 4203 | 958368 |
| Keysight Technologies, Inc. (a) | 6563 | 1333536 |
| KLA Corp. | 5010 | 6087551 |
| Lam Research Corp. | 47890 | 8197810 |
| Microchip Technology, Inc. | 20685 | 1318048 |
| Micron Technology, Inc. | 42770 | 12206986 |
| Microsoft Corp. | 283383 | 137049686 |
| Monolithic Power Systems, Inc. | 1864 | 1689455 |
| Motorola Solutions, Inc. | 6343 | 2431399 |
| NetApp, Inc. | 7901 | 846118 |
| NVIDIA Corp. | 926514 | 172794861 |
| NXP Semiconductors NV | 9774 | 2121544 |
| ON Semiconductor Corp. (a) | 14960 | 810084 |
| Oracle Corp. | 63758 | 12427072 |
| Palantir Technologies, Inc. Class A (a) | 87137 | 15488602 |
| Palo Alto Networks, Inc. (a) | 25488 | 4694890 |
| PTC, Inc. (a) | 4575 | 797011 |
| Qnity Electronics, Inc. | 8273 | 675490 |
| QUALCOMM, Inc. | 40835 | 6984827 |
| Roper Technologies, Inc. | 4152 | 1848180 |
| Salesforce, Inc. | 36298 | 9615703 |
| Sandisk Corp. (a) | 5308 | 1260013 |
| Seagate Technology Holdings PLC | 8179 | 2252415 |
| ServiceNow, Inc. (a) | 39850 | 6104621 |
| Skyworks Solutions, Inc. | 5452 | 345711 |
| Super Micro Computer, Inc. (a) | 19492 | 570531 |
| Synopsys, Inc. (a) | 7043 | 3308238 |
| TE Connectivity PLC | 11125 | 2531049 |

---

***MM S&P 500<sup>®</sup> Index Fund — Portfolio of Investments (Continued)***

---

| | | |
|:---|:---|:---|
|  | **Number of<br> Shares** | **Value** |
| Teledyne Technologies, Inc. (a) | 1838 | $938722 |
| Teradyne, Inc. | 6009 | 1163102 |
| Texas Instruments, Inc. | 34736 | 6026349 |
| Trimble, Inc. (a) | 9324 | 730535 |
| Tyler Technologies, Inc. (a) | 1658 | 752649 |
| VeriSign, Inc. | 3139 | 762620 |
| Western Digital Corp. | 13134 | 2262594 |
| Workday, Inc. Class A (a) | 8416 | 1807588 |
| Zebra Technologies Corp. Class A (a) | 1917 | 465486 |
|  |  | 767057985 |
| **Materials — 1.8%** |  |  |
| Air Products & Chemicals, Inc. | 8532 | 2107575 |
| Albemarle Corp. (b) | 4402 | 622619 |
| Amcor PLC | 88069 | 734495 |
| Avery Dennison Corp. | 2813 | 511628 |
| Ball Corp. | 10640 | 563601 |
| CF Industries Holdings, Inc. | 5591 | 432408 |
| Corteva, Inc. | 25647 | 1719118 |
| CRH PLC | 25556 | 3189389 |
| Dow, Inc. | 26295 | 614777 |
| DuPont de Nemours, Inc. | 16546 | 665149 |
| Ecolab, Inc. | 9776 | 2566396 |
| Freeport-McMoRan, Inc. | 54251 | 2755408 |
| International Flavors & Fragrances, Inc. | 9521 | 641620 |
| International Paper Co. (b) | 20703 | 815491 |
| Linde PLC (LIN US) | 17804 | 7591448 |
| LyondellBasell Industries NV Class A | 10313 | 446553 |
| Martin Marietta Materials, Inc. | 2265 | 1410325 |
| Mosaic Co. | 12016 | 289465 |
| Newmont Corp. (NEM US) | 41583 | 4152063 |
| Nucor Corp. | 8610 | 1404377 |
| Packaging Corp. of America | 3263 | 672928 |
| PPG Industries, Inc. | 8567 | 877775 |
| Sherwin-Williams Co. | 8731 | 2829106 |
| Smurfit WestRock PLC | 18979 | 733918 |
| Steel Dynamics, Inc. | 5366 | 909269 |
| Vulcan Materials Co. | 4948 | 1411269 |
|  |  | 40668170 |
| **Real Estate — 1.8%** |  |  |
| Alexandria Real Estate Equities, Inc. | 6029 | 295059 |
| American Tower Corp. | 18083 | 3174832 |
| AvalonBay Communities, Inc. | 5347 | 969464 |
| BXP, Inc. (b) | 5487 | 370263 |
| Camden Property Trust | 4213 | 463767 |
| CBRE Group, Inc. Class A (a) | 11329 | 1821590 |
| CoStar Group, Inc. (a) | 16349 | 1099307 |
| Crown Castle, Inc. | 16530 | 1469021 |
| Digital Realty Trust, Inc. | 12172 | 1883130 |
| Equinix, Inc. | 3736 | 2862374 |
| Equity Residential | 13017 | 820592 |
| Essex Property Trust, Inc. | 2342 | 612854 |
| Extra Space Storage, Inc. | 8121 | 1057517 |

---

***MM S&P 500<sup>®</sup> Index Fund — Portfolio of Investments (Continued)***

---

| | | |
|:---|:---|:---|
|  | **Number of<br> Shares** | **Value** |
| Federal Realty Investment Trust | 2856 | $287885 |
| Healthpeak Properties, Inc. | 27420 | 440914 |
| Host Hotels & Resorts, Inc. | 23744 | 420981 |
| Invitation Homes, Inc. | 21291 | 591677 |
| Iron Mountain, Inc. | 10939 | 907390 |
| Kimco Realty Corp. | 26686 | 540925 |
| Mid-America Apartment Communities, Inc. | 4291 | 596063 |
| Prologis, Inc. | 35516 | 4533972 |
| Public Storage | 5912 | 1534164 |
| Realty Income Corp. | 35294 | 1989523 |
| Regency Centers Corp. | 6368 | 439583 |
| SBA Communications Corp. | 4140 | 800800 |
| Simon Property Group, Inc. | 12509 | 2315541 |
| UDR, Inc. | 11993 | 439903 |
| Ventas, Inc. | 17611 | 1362739 |
| VICI Properties, Inc. | 40367 | 1135120 |
| Welltower, Inc. | 25665 | 4763681 |
| Weyerhaeuser Co. | 27652 | 655076 |
|  |  | 40655707 |
| **Utilities — 2.2%** |  |  |
| AES Corp. | 25968 | 372381 |
| Alliant Energy Corp. | 9282 | 603423 |
| Ameren Corp. | 10511 | 1049628 |
| American Electric Power Co., Inc. | 20116 | 2319576 |
| American Water Works Co., Inc. | 7320 | 955260 |
| Atmos Energy Corp. | 6177 | 1035451 |
| CenterPoint Energy, Inc. | 25310 | 970385 |
| CMS Energy Corp. | 11515 | 805244 |
| Consolidated Edison, Inc. | 13579 | 1348666 |
| Constellation Energy Corp. | 11996 | 4237827 |
| Dominion Energy, Inc. | 32787 | 1920990 |
| DTE Energy Co. | 7714 | 994952 |
| Duke Energy Corp. | 29995 | 3515714 |
| Edison International | 14660 | 879893 |
| Entergy Corp. | 17036 | 1574637 |
| Evergy, Inc. | 8382 | 607611 |
| Eversource Energy | 14091 | 948747 |
| Exelon Corp. | 38479 | 1677300 |
| FirstEnergy Corp. | 19614 | 878119 |
| NextEra Energy, Inc. | 78960 | 6338909 |
| NiSource, Inc. | 17880 | 746669 |
| NRG Energy, Inc. | 7316 | 1165000 |
| PG&E Corp. | 84348 | 1355472 |
| Pinnacle West Capital Corp. | 4910 | 435517 |
| PPL Corp. (b) | 29141 | 1020518 |
| Public Service Enterprise Group, Inc. | 18855 | 1514057 |
| Sempra | 24906 | 2198951 |
| Southern Co. | 42031 | 3665103 |
| Vistra Corp. | 12179 | 1964838 |
| WEC Energy Group, Inc. | 12395 | 1307177 |

---

***MM S&P 500<sup>®</sup> Index Fund — Portfolio of Investments (Continued)***

---

| | | |
|:---|:---|:---|
|  | **Number of<br> Shares** | **Value** |
| Xcel Energy, Inc. | 22921 | $1692945 |
|  |  | 50100960 |
| **TOTAL COMMON STOCK<br> (Cost $976,518,939)** |  | **2228242754** |
| **TOTAL EQUITIES <br> (Cost $976,518,939)** |  | **2228242754** |
| **Exchange-Traded Funds — 0.1%** |  |  |
| iShares Core S&P 500 ETF | 3630 | 2486332 |
| **TOTAL EXCHANGE-TRADED FUNDS <br> (Cost $2,507,779)** |  | **2486332** |
| **TOTAL LONG-TERM INVESTMENTS <br> (Cost $979,026,718)** |  | **2230729086** |
| **Short-Term Investments — 0.6%** |  |  |
| **Investment of Cash Collateral from Securities Loaned — 0.0%** |  |  |
| State Street Navigator Securities Lending Government Money Market Portfolio, 3.804% (c) | 176214 | 176214 |
|  | **Principal Amount** |  |
| **Repurchase Agreement — 0.6%** |  |  |
| Fixed Income Clearing Corp., Repurchase Agreement, dated 12/31/25, 2.000%, due 1/02/26 (d) | $13497203 | 13497203 |
| **TOTAL SHORT-TERM INVESTMENTS<br> (Cost $13,673,417)** |  | **13673417** |
| **TOTAL INVESTMENTS — 100.2%<br> (Cost $992,700,135) (e)** |  | **2244402503** |
| **Other Assets/(Liabilities) — (0.2)%** |  | **(4577383)** |
| **NET ASSETS — 100.0%** |  | $**2239825120** |

---

**Abbreviation Legend**

ETF Exchange-Traded Fund

**Notes to Portfolio of Investments**

Percentages are stated as a percent of net assets.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) Non-income producing security.

(b) Denotes all or a portion of security on loan. The total value of securities on loan as of December 31, 2025, was $5,516,697 or 0.25% of net assets. The Fund received $5,500,838 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 and 7-day effective yield as of December 31, 2025. (Note 2).

(d) Maturity value of $13,498,702. Collateralized by U.S. Government Agency obligations with a rate of 3.875%, maturity date of 5/31/27, and an aggregate market value, including accrued interest, of $13,767,345.

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

***MM S&P 500<sup>®</sup> Index Fund — Portfolio of Investments (Continued)***

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Futures contracts** | **Futures contracts** | **Futures contracts** | **Futures contracts** | **Futures contracts** |
| | **Expiration<br> Date** | **Number of<br> Contracts** | **Notional<br> Amount** | **Value/Net Unrealized<br> Appreciation<br> (Depreciation)** |
| **Long** |  |  |  |  |
| S&P 500 E Mini Index | 3/20/26 | 44 | $15150064 | $13436 |

---

---

| |
|:---|
| ***MassMutual Blue Chip Growth Fund — Portfolio of Investments*** |
| **December 31, 2025 (Unaudited)** |

---

---

| | | |
|:---|:---|:---|
|  | **Number of<br> Shares** | **Value** |
| **Equities — 99.5%** | | |
| **Common Stock — 99.5%** |  |  |
| **Communication Services — 18.9%** |  |  |
| Alphabet, Inc. Class A | 329171 | $103030523 |
| Alphabet, Inc. Class C | 214474 | 67301941 |
| Meta Platforms, Inc. Class A | 190574 | 125795991 |
| Netflix, Inc. (a) | 794255 | 74469349 |
| T-Mobile US, Inc. | 50892 | 10333112 |
| Walt Disney Co. | 196471 | 22352506 |
|  |  | 403283422 |
| **Consumer Discretionary — 16.8%** |  |  |
| Alibaba Group Holding Ltd. Sponsored ADR (b) | 3907 | 572688 |
| Amazon.com, Inc. (a) | 553284 | 127709013 |
| Booking Holdings, Inc. | 2065 | 11058756 |
| Carvana Co. (a) | 114121 | 48161344 |
| Chipotle Mexican Grill, Inc. (a) | 141389 | 5231393 |
| DoorDash, Inc., Class A (a) | 24706 | 5595415 |
| NIKE, Inc. Class B | 110655 | 7049830 |
| Ross Stores, Inc. | 27690 | 4988077 |
| Sea Ltd. ADR (a) | 43148 | 5504390 |
| Starbucks Corp. | 130389 | 10980058 |
| Tesla, Inc. (a) | 260134 | 116987463 |
| TJX Cos., Inc. | 37569 | 5770974 |
| Yum China Holdings, Inc. | 48827 | 2331001 |
| Yum! Brands, Inc. | 53518 | 8096203 |
|  |  | 360036605 |
| **Consumer Staples — 1.6%** |  |  |
| Colgate-Palmolive Co. | 42541 | 3361590 |
| Mondelez International, Inc. Class A | 34542 | 1859396 |
| Monster Beverage Corp. (a) | 349758 | 26815946 |
| Procter & Gamble Co. | 18820 | 2697094 |
|  |  | 34734026 |
| **Financials — 7.9%** |  |  |
| Adyen NV (a) (c) | 1345 | 2158015 |
| Block, Inc. (a) | 98273 | 6396590 |
| Charles Schwab Corp. | 36641 | 3660802 |
| Chubb Ltd. | 34291 | 10702907 |
| FactSet Research Systems, Inc. | 20369 | 5910880 |
| Goldman Sachs Group, Inc. | 5669 | 4983051 |
| Marsh & McLennan Cos., Inc. | 19329 | 3585916 |
| Mastercard, Inc. Class A | 47430 | 27076838 |
| Moody's Corp. | 7352 | 3755769 |
| Morgan Stanley | 29452 | 5228614 |
| PayPal Holdings, Inc. | 89120 | 5202826 |
| SEI Investments Co. | 116028 | 9516617 |

---

***MassMutual Blue Chip Growth Fund — Portfolio of Investments (Continued)***

---

| | | |
|:---|:---|:---|
|  | **Number of<br> Shares** | **Value** |
| Visa, Inc. Class A | 229282 | $80411490 |
|  |  | 168590315 |
| **Health Care — 9.0%** |  |  |
| Danaher Corp. | 28632 | 6554438 |
| Eli Lilly & Co. | 34924 | 37532124 |
| Illumina, Inc. (a) | 57440 | 7533830 |
| Intuitive Surgical, Inc. (a) | 53738 | 30435054 |
| Medline, Inc. Class A (a) | 24980 | 1049160 |
| Novartis AG Sponsored ADR (b) | 77317 | 10659695 |
| Novo Nordisk AS Sponsored ADR | 246864 | 12560440 |
| Regeneron Pharmaceuticals, Inc. | 26554 | 20496236 |
| Roche Holding AG Sponsored ADR (b) | 175867 | 9069461 |
| Stryker Corp. | 14786 | 5196835 |
| Thermo Fisher Scientific, Inc. | 32538 | 18854144 |
| UnitedHealth Group, Inc. | 24042 | 7936505 |
| Vertex Pharmaceuticals, Inc. (a) | 56117 | 25441203 |
|  |  | 193319125 |
| **Industrials — 4.8%** |  |  |
| Boeing Co. (a) | 201794 | 43813513 |
| Cintas Corp. | 13782 | 2591981 |
| Deere & Co. | 18481 | 8604199 |
| Expeditors International of Washington, Inc. | 77306 | 11519367 |
| GE Vernova, Inc. | 12450 | 8136946 |
| General Electric Co. | 70235 | 21634487 |
| Old Dominion Freight Line, Inc. | 14829 | 2325187 |
| TransDigm Group, Inc. | 2123 | 2823272 |
| Veralto Corp. | 6047 | 603370 |
|  |  | 102052322 |
| **Information Technology — 39.8%** |  |  |
| Apple, Inc. | 395545 | 107532864 |
| ASML Holding NV | 9331 | 9982864 |
| Autodesk, Inc. (a) | 77962 | 23077532 |
| Broadcom, Inc. | 168486 | 58313004 |
| Crowdstrike Holdings, Inc. Class A (a) | 9957 | 4667443 |
| Datadog, Inc. Class A (a) | 13516 | 1838041 |
| Microsoft Corp. | 375420 | 181560620 |
| Monolithic Power Systems, Inc. | 6346 | 5751760 |
| NVIDIA Corp. | 1480846 | 276177779 |
| Oracle Corp. | 296369 | 57765282 |
| Palantir Technologies, Inc. Class A (a) | 21025 | 3737194 |
| QUALCOMM, Inc. | 56912 | 9734798 |
| Roper Technologies, Inc. | 9320 | 4148612 |
| Salesforce, Inc. | 78271 | 20734771 |
| ServiceNow, Inc. (a) | 113439 | 17377720 |
| Shopify, Inc. Class A (a) | 260289 | 41898720 |
| Synopsys, Inc. (a) | 12849 | 6035432 |
| Taiwan Semiconductor Manufacturing Co. Ltd. Sponsored ADR | 23311 | 7083980 |
| TE Connectivity PLC | 24803 | 5642930 |
| Texas Instruments, Inc. | 16600 | 2879934 |

---

***MassMutual Blue Chip Growth Fund — Portfolio of Investments (Continued)***

---

| | | |
|:---|:---|:---|
|  | **Number of<br> Shares** | &nbsp;&nbsp;**Value** |
| Workday, Inc. Class A (a) | 27160 | $5833425 |
|  |  | 851774705 |
| **Materials — 0.4%** |  |  |
| Linde PLC (LIN US) | 8255 | 3519850 |
| Sherwin-Williams Co. | 12112 | 3924651 |
|  |  | 7444501 |
| **Utilities — 0.3%** |  |  |
| Constellation Energy Corp. | 18011 | 6362746 |
| **TOTAL COMMON STOCK<br> (Cost $1,082,296,702)** | **TOTAL COMMON STOCK<br> (Cost $1,082,296,702)** | **2127597767** |
| **TOTAL EQUITIES <br> (Cost $1,082,296,702)** | **TOTAL EQUITIES <br> (Cost $1,082,296,702)** | **2127597767** |
|  | **Principal <br> Amount** |  |
| **Bonds & Notes — 0.1%** |  |  |
| **Corporate Debt — 0.1%** |  |  |
| **Retail — 0.1%** |  |  |
| Carvana Co. | Carvana Co. | Carvana Co. |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9.000% 6/01/30 (c) | $1054922 | 1105701 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9.000% 6/01/31 (c) | 1410488 | 1591635 |
|  |  | 2697336 |
| **TOTAL CORPORATE DEBT <br> (Cost $2,701,651)** | **TOTAL CORPORATE DEBT <br> (Cost $2,701,651)** | **2697336** |
| **TOTAL BONDS & NOTES<br> (Cost $2,701,651)** | **TOTAL BONDS & NOTES<br> (Cost $2,701,651)** | **2697336** |
| **TOTAL LONG-TERM INVESTMENTS <br> (Cost $1,084,998,353)** | **TOTAL LONG-TERM INVESTMENTS <br> (Cost $1,084,998,353)** | **2130295103** |
| **Short-Term Investments — 0.4%** |  |  |
|  | **Number of<br> Shares** |  |
| **Investment of Cash Collateral from Securities Loaned — 0.0%** |  |  |
| State Street Navigator Securities Lending Government Money Market Portfolio, 3.804% (d) | 569700 | 569700 |
| **Mutual Fund — 0.0%** |  |  |
| T. Rowe Price Government Reserve Investment Fund, 2.055% (e) | 103 | 103 |
|  | **Principal**<br> **Amount** |  |
| **Repurchase Agreement — 0.4%** |  |  |
| Fixed Income Clearing Corp., Repurchase Agreement, dated 12/31/25, 2.000%, due 1/02/26 (f) | $7686940 | 7686940 |

---

***MassMutual Blue Chip Growth Fund — Portfolio of Investments (Continued)***

---

| | |
|:---|:---|
|  | **Value** |
| **TOTAL SHORT-TERM INVESTMENTS<br> (Cost $8,256,743)** | $**8256743** |
| **TOTAL INVESTMENTS — 100.0%<br> (Cost $1,093,255,096) (g)** | **2138551846** |
| **Other Assets/(Liabilities) — (0.0)%** | **(545488)** |
| **NET ASSETS — 100.0%** | $**2138006358** |

---

**Abbreviation Legend**

ADR American Depositary Receipt

**Notes to Portfolio of Investments**

Percentages are stated as a percent of net assets.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) Non-income producing security.

(b) Denotes all or a portion of security on loan. The total value of securities on loan as of December 31, 2025, was $14,121,513 or 0.66% of net assets. The Fund received $13,905,819 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 December 31, 2025, the aggregate market value of these securities amounted to $4,855,351 or 0.23% of net assets.

(d) Represents investment of security lending cash collateral and 7-day effective yield as of December 31, 2025. (Note 2).

(e) Rate disclosed is the 7-day net yield as of December 31, 2025.

(f) Maturity value of $7,687,794. Collateralized by U.S. Government Agency obligations with rates ranging from 3.875% - 4.500%, maturity dates ranging from 5/15/27 - 5/31/27, and an aggregate market value, including accrued interest, of $7,840,951.

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

---

| |
|:---|
| ***MassMutual Mid Cap Growth Fund — Portfolio of Investments*** |
| **December 31, 2025 (Unaudited)** |

---

---

| | | |
|:---|:---|:---|
|  | **Number of<br> Shares** | **Value** |
| **Equities — 98.6%** |  |  |
| **Common Stock — 98.6%** |  |  |
| **Communication Services — 4.1%** |  |  |
| Liberty Live Holdings, Inc. Class C (a) | 217200 | $18062352 |
| Liberty Media Corp-Liberty Formula One Class C (a) | 422924 | 41662243 |
| Live Nation Entertainment, Inc. (a) (b) | 37500 | 5343750 |
| New York Times Co. Class A | 419900 | 29149458 |
| Reddit, Inc. Class A (a) | 120541 | 27708760 |
| ROBLOX Corp. Class A (a) | 114661 | 9290981 |
| Trade Desk, Inc. Class A (a) | 210327 | 7984013 |
|  |  | 139201557 |
| **Consumer Discretionary — 17.3%** |  |  |
| Birkenstock Holding PLC (a) (b) | 464958 | 19016782 |
| Burlington Stores, Inc. (a) | 174121 | 50294851 |
| Chipotle Mexican Grill, Inc. (a) | 202446 | 7490502 |
| Domino's Pizza, Inc. | 111005 | 46269104 |
| DraftKings, Inc. Class A (a) (b) | 777793 | 26802747 |
| Duolingo, Inc. (a) | 37000 | 6493500 |
| Floor & Decor Holdings, Inc. Class A (a) (b) | 83449 | 5081210 |
| Hilton Worldwide Holdings, Inc. | 215000 | 61758750 |
| Lululemon Athletica, Inc. (a) | 19862 | 4127522 |
| Mattel, Inc. (a) | 228677 | 4536952 |
| McGraw Hill, Inc. (a) | 322481 | 5320936 |
| On Holding AG, Class A (a) | 213895 | 9941840 |
| Planet Fitness, Inc. Class A (a) | 340500 | 36934035 |
| Pool Corp. | 92000 | 21045000 |
| Ross Stores, Inc. | 150229 | 27062252 |
| Royal Caribbean Cruises Ltd. | 93550 | 26092966 |
| Service Corp. International | 228200 | 17792754 |
| Sportradar Group AG Class A (a) (b) | 435000 | 10339950 |
| Texas Roadhouse, Inc. | 104400 | 17330400 |
| TopBuild Corp. (a) (b) | 28800 | 12015072 |
| Tractor Supply Co. | 212177 | 10610972 |
| Ulta Beauty, Inc. (a) | 48003 | 29042295 |
| Viking Holdings Ltd. (a) | 613768 | 43829173 |
| Wingstop, Inc. (b) | 68952 | 16444362 |
| Wyndham Hotels & Resorts, Inc. | 174900 | 13215444 |
| Yum! Brands, Inc. | 327059 | 49477485 |
|  |  | 578366856 |
| **Consumer Staples — 3.2%** |  |  |
| Casey's General Stores, Inc. | 35164 | 19435494 |
| Celsius Holdings, Inc. (a) | 295101 | 13497920 |
| Church & Dwight Co., Inc. | 82337 | 6903958 |
| Dollar Tree, Inc. (a) | 329000 | 40470290 |
| Lamb Weston Holdings, Inc. | 108782 | 4556878 |
| Maplebear, Inc. (a) | 22300 | 1003054 |

---

***MassMutual Mid Cap Growth Fund — Portfolio of Investments (Continued)***

---

| | | |
|:---|:---|:---|
|  | **Number of<br> Shares** | **Value** |
| McCormick & Co., Inc. | 302000 | $20569220 |
|  |  | 106436814 |
| **Energy — 3.7%** |  |  |
| Cheniere Energy, Inc. | 208160 | 40464222 |
| DT Midstream, Inc. (a) | 27100 | 3243328 |
| EQT Corp. | 458800 | 24591680 |
| Expand Energy Corp. | 127900 | 14115044 |
| Permian Resources Corp. (b) | 353818 | 4964067 |
| TechnipFMC PLC | 821034 | 36585275 |
|  |  | 123963616 |
| **Financials — 7.3%** |  |  |
| Aon PLC Class A | 24847 | 8768009 |
| Assurant, Inc. | 175800 | 42341430 |
| Block, Inc. (a) | 75427 | 4909543 |
| Bullish (a) | 35200 | 1333024 |
| Carlyle Group, Inc. | 131145 | 7751981 |
| Cboe Global Markets, Inc. | 89700 | 22514700 |
| Corpay, Inc. (a) | 49445 | 14879484 |
| KKR & Co., Inc. | 27207 | 3468348 |
| Markel Group, Inc. (a) | 7700 | 16552305 |
| MSCI, Inc. | 73996 | 42453725 |
| Nasdaq, Inc. | 70035 | 6802500 |
| Raymond James Financial, Inc. | 167300 | 26866707 |
| Ryan Specialty Holdings, Inc. | 183678 | 9483295 |
| Toast, Inc., Class A (a) | 342600 | 12165726 |
| TPG, Inc. | 154878 | 9887412 |
| Tradeweb Markets, Inc. Class A | 139500 | 15001830 |
|  |  | 245180019 |
| **Health Care — 20.2%** |  |  |
| Agilent Technologies, Inc. | 445326 | 60595509 |
| Alcon AG (b) | 173138 | 13645006 |
| Align Technology, Inc. (a) | 147918 | 23097396 |
| Alnylam Pharmaceuticals, Inc. (a) | 105830 | 42083299 |
| Arcellx, Inc. (a) | 124400 | 8110880 |
| Ascendis Pharma AS ADR (a) | 80600 | 17187144 |
| Avantor, Inc. (a) (b) | 1570600 | 17999076 |
| Biogen, Inc. (a) | 51100 | 8993089 |
| BioNTech SE ADR (a) | 104900 | 9986480 |
| Bruker Corp. | 148648 | 7002807 |
| Caris Life Sciences, Inc. (a) | 278764 | 7521053 |
| Cencora, Inc. | 110500 | 37321375 |
| Charles River Laboratories International, Inc. (a) | 31373 | 6258286 |
| Cooper Cos., Inc. (a) | 444300 | 36414828 |
| CRISPR Therapeutics AG (a) (b) | 112414 | 5894990 |
| Cytokinetics, Inc. (a) (b) | 193600 | 12301344 |
| Dexcom, Inc. (a) | 128797 | 8548257 |
| Elanco Animal Health, Inc. (a) (b) | 793100 | 17947853 |
| Encompass Health Corp. | 124700 | 13235658 |
| GE HealthCare Technologies, Inc. (a) | 76606 | 6283224 |
| Hologic, Inc. (a) | 287500 | 21415875 |

---

***MassMutual Mid Cap Growth Fund — Portfolio of Investments (Continued)***

---

| | | |
|:---|:---|:---|
|  | **Number of<br> Shares** | **Value** |
| IDEXX Laboratories, Inc. (a) | 19325 | $13073942 |
| Insmed, Inc. (a) | 64490 | 11223840 |
| Ionis Pharmaceuticals, Inc. (a) | 409616 | 32404722 |
| Masimo Corp. (a) | 43000 | 5592580 |
| Mettler-Toledo International, Inc. (a) | 40325 | 56220712 |
| Molina Healthcare, Inc. (a) | 76700 | 13310518 |
| Natera, Inc. (a) | 99190 | 22723437 |
| Nuvalent, Inc., Class A (a) | 24303 | 2444639 |
| Quidelortho Corp. (a) | 266600 | 7614096 |
| ResMed, Inc. | 31659 | 7625703 |
| Revolution Medicines, Inc. (a) | 86100 | 6857865 |
| Steris PLC | 25283 | 6409746 |
| Teleflex, Inc. | 213800 | 26092152 |
| United Therapeutics Corp. (a) | 27117 | 13212758 |
| Vaxcyte, Inc. (a) | 184071 | 8493036 |
| Veeva Systems, Inc. Class A (a) | 208034 | 46439430 |
| West Pharmaceutical Services, Inc. | 53700 | 14775018 |
|  |  | 676357623 |
| **Industrials — 17.4%** |  |  |
| API Group Corp. (a) | 253182 | 9686743 |
| ATI, Inc. (a) | 90165 | 10347335 |
| Booz Allen Hamilton Holding Corp. | 266100 | 22448196 |
| Broadridge Financial Solutions, Inc. | 31700 | 7074489 |
| Builders FirstSource, Inc. (a) | 136703 | 14065372 |
| BWX Technologies, Inc. | 98754 | 17068641 |
| CACI International, Inc. Class A (a) | 6040 | 3218172 |
| Cintas Corp. | 28077 | 5280441 |
| Equifax, Inc. | 53500 | 11608430 |
| Esab Corp. | 260566 | 29110434 |
| Ferguson Enterprises, Inc. | 134500 | 29943735 |
| Fortive Corp. | 141975 | 7838440 |
| FTAI Aviation Ltd. | 132026 | 25989318 |
| Ingersoll Rand, Inc. (b) | 347600 | 27536872 |
| ITT, Inc. | 92500 | 16049675 |
| Knight-Swift Transportation Holdings, Inc. | 278456 | 14557680 |
| L3Harris Technologies, Inc. | 33090 | 9714231 |
| Mueller Industries, Inc. | 69691 | 8000527 |
| Old Dominion Freight Line, Inc. | 181100 | 28396480 |
| Paylocity Holding Corp. (a) | 182625 | 27850313 |
| Quanta Services, Inc. | 57389 | 24221601 |
| QXO, Inc. (a) (b) | 356330 | 6873606 |
| RB Global, Inc. (b) | 111100 | 11428857 |
| RBC Bearings, Inc. (a) | 27518 | 12339897 |
| Rocket Lab Corp. (a) | 186612 | 13018053 |
| Rollins, Inc. | 175198 | 10515384 |
| StandardAero, Inc. (a) (b) | 507618 | 14558484 |
| Textron, Inc. | 345000 | 30073650 |
| TransUnion | 416593 | 35722850 |
| UL Solutions, Inc. Class A | 209483 | 16519829 |
| Veralto Corp. | 252000 | 25144560 |
| Vertiv Holdings Co. Class A | 21110 | 3420031 |
| Waste Connections, Inc. | 31317 | 5491749 |

---

***MassMutual Mid Cap Growth Fund — Portfolio of Investments (Continued)***

---

| | | |
|:---|:---|:---|
|  | **Number of<br> Shares** | **Value** |
| XPO, Inc. (a) | 343681 | $46709685 |
|  |  | 581823760 |
| **Information Technology — 22.0%** |  |  |
| Akamai Technologies, Inc. (a) | 48751 | 4253525 |
| Allegro MicroSystems, Inc. (a) | 223633 | 5899439 |
| Amphenol Corp. Class A | 293070 | 39605480 |
| AppLovin Corp. Class A (a) | 4484 | 3021409 |
| Arista Networks, Inc. (a) | 26027 | 3410318 |
| Astera Labs, Inc. (a) | 53382 | 8880629 |
| Atlassian Corp. Class A (a) | 92905 | 15063617 |
| Aurora Innovation, Inc. (a) (b) | 750022 | 2880084 |
| CCC Intelligent Solutions Holdings, Inc. (a) (b) | 3025414 | 24052041 |
| CDW Corp. | 19883 | 2708065 |
| Circle Internet Group, Inc. (a) | 37067 | 2939413 |
| Cloudflare, Inc. Class A (a) | 71372 | 14070990 |
| Corning, Inc. | 38000 | 3327280 |
| Datadog, Inc. Class A (a) | 68605 | 9329594 |
| Dolby Laboratories, Inc. Class A | 41619 | 2672772 |
| EPAM Systems, Inc. (a) | 39197 | 8030681 |
| Fair Isaac Corp. (a) | 8395 | 14192755 |
| Guidewire Software, Inc. (a) | 12785 | 2569913 |
| HubSpot, Inc. (a) | 20900 | 8387170 |
| Keysight Technologies, Inc. (a) | 155000 | 31494450 |
| KLA Corp. | 5250 | 6379170 |
| Lattice Semiconductor Corp. (a) (b) | 772591 | 56847246 |
| MACOM Technology Solutions Holdings, Inc. (a) | 167800 | 28740784 |
| Manhattan Associates, Inc. (a) | 121900 | 21126489 |
| Marvell Technology, Inc. | 228860 | 19448523 |
| Microchip Technology, Inc. | 489400 | 31184568 |
| Monday.com Ltd. (a) | 59600 | 8794576 |
| MongoDB, Inc. (a) | 70562 | 29614166 |
| Monolithic Power Systems, Inc. | 59118 | 53582190 |
| Netskope, Inc. Class A (a) | 157377 | 2760393 |
| NXP Semiconductors NV | 124066 | 26929766 |
| Onestream, Inc. (a) | 287319 | 5280923 |
| PTC, Inc. (a) | 299706 | 52211782 |
| Pure Storage, Inc. Class A (a) | 305230 | 20453462 |
| Ralliant Corp. | 140871 | 7171743 |
| Snowflake, Inc. Class A (a) | 46524 | 10205505 |
| Teradyne, Inc. | 208706 | 40397133 |
| Twilio, Inc. Class A (a) | 23844 | 3391571 |
| Tyler Technologies, Inc. (a) | 91600 | 41581820 |
| Unity Software, Inc. (a) | 387319 | 17107880 |
| Zoom Communications, Inc. (a) | 228200 | 19691378 |
| Zscaler, Inc. (a) | 123231 | 27717116 |
|  |  | 737407809 |
| **Materials — 2.4%** |  |  |
| Avery Dennison Corp. | 138000 | 25099440 |
| Ball Corp. | 310000 | 16420700 |
| Eagle Materials, Inc. | 50076 | 10349708 |

---

***MassMutual Mid Cap Growth Fund — Portfolio of Investments (Continued)***

---

| | | | |
|:---|:---|:---|:---|
|  | **Number of<br> Shares** | **Number of<br> Shares** | **Value** |
| Martin Marietta Materials, Inc. |  | 44500 | $27708370 |
|  |  |  | 79578218 |
| **Real Estate — 0.5%** |  |  |  |
| CoStar Group, Inc. (a) |  | 169900 | 11424076 |
| First Industrial Realty Trust, Inc. |  | 113453 | 6497453 |
|  |  |  | 17921529 |
| **Utilities — 0.5%** |  |  |  |
| Vistra Corp. |  | 115288 | 18599413 |
| **TOTAL COMMON STOCK <br> (Cost $2,788,312,676)** | **TOTAL COMMON STOCK <br> (Cost $2,788,312,676)** | **TOTAL COMMON STOCK <br> (Cost $2,788,312,676)** | **3304837214** |
| **TOTAL EQUITIES <br> (Cost $2,788,312,676)** | **TOTAL EQUITIES <br> (Cost $2,788,312,676)** | **TOTAL EQUITIES <br> (Cost $2,788,312,676)** | **3304837214** |
| **TOTAL LONG-TERM INVESTMENTS <br> (Cost $2,788,312,676)** | **TOTAL LONG-TERM INVESTMENTS <br> (Cost $2,788,312,676)** | **TOTAL LONG-TERM INVESTMENTS <br> (Cost $2,788,312,676)** | **3304837214** |
| **Short-Term Investments — 2.6%** |  |  |  |
| **Investment of Cash Collateral from Securities Loaned — 0.1%** |  |  |  |
| State Street Navigator Securities Lending Government Money Market Portfolio, 3.804% (c) |  | 3174468 | 3174468 |
| **Mutual Fund — 0.0%** |  |  |  |
| T. Rowe Price Government Reserve Investment Fund, 2.055% (d) |  | 2 | 2 |
| T. Rowe Price Treasury Reserve Fund, 2.063% (d) |  | 383 | 383 |
|  |  |  | 385 |
|  | **Principal<br> Amount** | **Principal<br> Amount** |  |
| **Repurchase Agreement — 2.5%** |  |  |  |
| Fixed Income Clearing Corp., Repurchase Agreement, dated 12/31/25, 2.000%, due 1/02/26 (e) | $| 81613457 | 81613457 |
| **TOTAL SHORT-TERM INVESTMENTS <br> (Cost $84,788,310)** | **TOTAL SHORT-TERM INVESTMENTS <br> (Cost $84,788,310)** | **TOTAL SHORT-TERM INVESTMENTS <br> (Cost $84,788,310)** | **84788310** |
| **TOTAL INVESTMENTS — 101.2%<br> (Cost $2,873,100,986) (f)** | **TOTAL INVESTMENTS — 101.2%<br> (Cost $2,873,100,986) (f)** | **TOTAL INVESTMENTS — 101.2%<br> (Cost $2,873,100,986) (f)** | **3389625524** |
| **Other Assets/(Liabilities) — (1.2)%** | **Other Assets/(Liabilities) — (1.2)%** | **Other Assets/(Liabilities) — (1.2)%** | **(38861456)** |
| **NET ASSETS — 100.0%** | **NET ASSETS — 100.0%** | **NET ASSETS — 100.0%** | $**3350764068** |

---

**Abbreviation Legend**

ADR American Depositary Receipt

***MassMutual Mid Cap Growth Fund — Portfolio of Investments (Continued)***

**Notes to Portfolio of Investments**

Percentages are stated as a percent of net assets.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) Non-income producing security.

(b) Denotes all or a portion of security on loan. The total value of securities on loan as of December 31, 2025, was $152,404,164 or 4.55% of net assets. The Fund received $154,702,611 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 and 7-day effective yield as of December 31, 2025. (Note 2).

(d) Rate disclosed is the 7-day net yield as of December 31, 2025.

(e) Maturity value of $81,622,525. Collateralized by U.S. Government Agency obligations with a rate of 3.875%, maturity date of 5/31/27, and an aggregate market value, including accrued interest, of $83,245,939.

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

---

| |
|:---|
| ***MassMutual Small Cap Growth Equity Fund — Portfolio of Investments*** |
| **December 31, 2025 (Unaudited)** |

---

---

| | | |
|:---|:---|:---|
|  | **Number of<br> Shares** | **Value** |
| **Equities — 99.6%** |  |  |
| **Common Stock — 99.6%** |  |  |
| **Communication Services — 1.0%** |  |  |
| Cargurus, Inc. (a) | 108735 | $4169987 |
| Magnite, Inc. (a) | 91000 | 1476930 |
|  |  | 5646917 |
| **Consumer Discretionary — 8.0%** |  |  |
| Black Rock Coffee Bar, Inc. Class A (a) | 28159 | 626538 |
| Boot Barn Holdings, Inc. (a) (b) | 29054 | 5127159 |
| Century Communities, Inc. | 25861 | 1534850 |
| Champion Homes, Inc. (a) | 55600 | 4698200 |
| Cheesecake Factory, Inc. | 29233 | 1475682 |
| Dutch Bros, Inc. Class A (a) | 26169 | 1602066 |
| Five Below, Inc. (a) | 23961 | 4513294 |
| Genius Sports Ltd. (a) | 238153 | 2624446 |
| Goodyear Tire & Rubber Co. (a) (b) | 141618 | 1240574 |
| Life Time Group Holdings, Inc. (a) | 66708 | 1773099 |
| National Vision Holdings, Inc. (a) (b) | 77909 | 2011610 |
| Ollie's Bargain Outlet Holdings, Inc. (a) | 33356 | 3656151 |
| Patrick Industries, Inc. (b) | 24090 | 2612079 |
| Planet Fitness, Inc. Class A (a) | 20108 | 2181115 |
| Shake Shack, Inc. Class A (a) | 22768 | 1848079 |
| Sportradar Group AG Class A (a) | 68882 | 1637325 |
| Stride, Inc. (a) | 13445 | 872984 |
| Valvoline, Inc. (a) | 51586 | 1499089 |
| Visteon Corp. | 11100 | 1055610 |
| Wingstop, Inc. (b) | 1694 | 404002 |
| YETI Holdings, Inc. (a) (b) | 49042 | 2166185 |
|  |  | 45160137 |
| **Consumer Staples — 1.3%** |  |  |
| Chefs' Warehouse, Inc. (a) | 32887 | 2049847 |
| Freshpet, Inc. (a) | 16177 | 985664 |
| Oddity Tech Ltd. Class A (a) | 14230 | 571761 |
| Vita Coco Co., Inc. (a) | 59084 | 3132043 |
| Vital Farms, Inc. (a) (b) | 24769 | 791122 |
|  |  | 7530437 |
| **Energy — 3.0%** |  |  |
| Archrock, Inc. | 70966 | 1846535 |
| Cactus, Inc. Class A | 65159 | 2976463 |
| Excelerate Energy, Inc. Class A | 53370 | 1497029 |
| Gulfport Energy Corp. (a) | 8922 | 1855687 |
| Magnolia Oil & Gas Corp. Class A | 70619 | 1545850 |
| TechnipFMC PLC | 80520 | 3587971 |

---

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

---

| | | |
|:---|:---|:---|
|  | **Number of<br> Shares** | **Value** |
| Viper Energy, Inc. Class A | 95619 | $3693762 |
|  |  | 17003297 |
| **Financials — 11.2%** |  |  |
| Ameris Bancorp | 32683 | 2427366 |
| Assured Guaranty Ltd. | 1186 | 106586 |
| Bancorp, Inc. (a) | 33391 | 2254560 |
| Beazley PLC | 52709 | 588823 |
| Bullish (a) | 8098 | 306671 |
| Cadence Bank | 69073 | 2959087 |
| Dave, Inc. (a) | 3075 | 680836 |
| Eastern Bankshares, Inc. | 124915 | 2302183 |
| Enova International, Inc. (a) | 13852 | 2177534 |
| Evercore, Inc. Class A | 11135 | 3788684 |
| Figure Technology Solutions, Inc. Class A (a) | 10877 | 444217 |
| First Interstate BancSystem, Inc. Class A (b) | 68858 | 2382487 |
| HA Sustainable Infrastructure Capital, Inc. (b) | 129388 | 4066665 |
| Hamilton Insurance Group Ltd. Class B (a) | 57324 | 1599340 |
| Hancock Whitney Corp. | 40271 | 2564457 |
| Marex Group PLC | 40188 | 1541612 |
| Palomar Holdings, Inc. (a) | 7769 | 1046950 |
| Paymentus Holdings, Inc. Class A (a) | 38427 | 1213909 |
| Perella Weinberg Partners (b) | 94333 | 1631961 |
| Piper Sandler Cos. | 6513 | 2212531 |
| PJT Partners, Inc. Class A | 24456 | 4089043 |
| Seacoast Banking Corp. of Florida | 166968 | 5246135 |
| Simmons First National Corp. Class A | 120001 | 2262019 |
| SiriusPoint Ltd. (a) | 140817 | 3082484 |
| StepStone Group, Inc. Class A | 108238 | 6945632 |
| UMB Financial Corp. | 23558 | 2710112 |
| Virtu Financial, Inc. Class A | 15880 | 529122 |
| Wealthfront Corp. (a) | 36574 | 497041 |
| WisdomTree, Inc. (b) | 152058 | 1853587 |
|  |  | 63511634 |
| **Health Care — 23.0%** |  |  |
| Adaptive Biotechnologies Corp. (a) | 46632 | 757304 |
| ADMA Biologics, Inc. (a) | 41091 | 749500 |
| Alignment Healthcare, Inc. (a) | 327865 | 6475334 |
| Alkermes PLC (a) | 37110 | 1038338 |
| Amicus Therapeutics, Inc. (a) | 82297 | 1171909 |
| Apellis Pharmaceuticals, Inc. (a) (b) | 48508 | 1218521 |
| Apogee Therapeutics, Inc. (a) | 29949 | 2260551 |
| AtriCure, Inc. (a) | 53940 | 2133866 |
| Avidity Biosciences, Inc. (a) | 30552 | 2203716 |
| Axsome Therapeutics, Inc. (a) | 34407 | 6284094 |
| Bridgebio Pharma, Inc. (a) (b) | 63072 | 4824377 |
| BrightSpring Health Services, Inc. (a) (b) | 126978 | 4755326 |
| Caris Life Sciences, Inc. (a) | 29555 | 797394 |
| Celcuity, Inc. (a) | 10732 | 1070410 |
| Celldex Therapeutics, Inc. (a) (b) | 35077 | 952691 |
| CG oncology, Inc. (a) (b) | 46290 | 1921961 |
| Cogent Biosciences, Inc. (a) | 36200 | 1285824 |
| Crinetics Pharmaceuticals, Inc. (a) (b) | 56085 | 2610757 |

---

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

---

| | | |
|:---|:---|:---|
|  | **Number of<br> Shares** | **Value** |
| Cytokinetics, Inc. (a) | 33665 | $2139074 |
| Disc Medicine, Inc. (a) | 27937 | 2218477 |
| Encompass Health Corp. | 34831 | 3696962 |
| Ensign Group, Inc. | 10849 | 1889896 |
| GeneDx Holdings Corp. (a) (b) | 29338 | 3815700 |
| Glaukos Corp. (a) | 19450 | 2196099 |
| Guardant Health, Inc. (a) | 47521 | 4853795 |
| Guardian Pharmacy Services, Inc. Class A (a) | 41996 | 1263660 |
| Halozyme Therapeutics, Inc. (a) | 38656 | 2601549 |
| HealthEquity, Inc. (a) | 32287 | 2957812 |
| Hims & Hers Health, Inc. (a) (b) | 18075 | 586895 |
| Hinge Health, Inc. Class A (a) | 24315 | 1129432 |
| Insmed, Inc. (a) | 27869 | 4850321 |
| Inspire Medical Systems, Inc. (a) | 17386 | 1603511 |
| iRhythm Technologies, Inc. (a) | 13191 | 2340611 |
| Kymera Therapeutics, Inc. (a) (b) | 28672 | 2230968 |
| Lantheus Holdings, Inc. (a) (b) | 7776 | 517493 |
| Ligand Pharmaceuticals, Inc. (a) (b) | 8606 | 1627136 |
| Madrigal Pharmaceuticals, Inc. (a) (b) | 4105 | 2390506 |
| Merit Medical Systems, Inc. (a) | 33296 | 2934709 |
| Mineralys Therapeutics, Inc. (a) (b) | 20019 | 726489 |
| Mirum Pharmaceuticals, Inc. (a) (b) | 14371 | 1135165 |
| Nuvalent, Inc., Class A (a) | 24915 | 2506200 |
| Option Care Health, Inc. (a) | 56124 | 1788111 |
| PACS Group, Inc. (a) | 52822 | 2027837 |
| Progyny, Inc. (a) | 69966 | 1796727 |
| Protagonist Therapeutics, Inc. (a) | 49745 | 4344728 |
| PTC Therapeutics, Inc. (a) (b) | 36310 | 2758108 |
| RadNet, Inc. (a) (b) | 27948 | 1994090 |
| Repligen Corp. (a) | 13764 | 2255369 |
| Revolution Medicines, Inc. (a) | 49145 | 3914399 |
| Rhythm Pharmaceuticals, Inc. (a) | 4938 | 528564 |
| Scholar Rock Holding Corp. (a) | 45778 | 2016521 |
| Soleno Therapeutics, Inc. (a) | 11061 | 512124 |
| Spyre Therapeutics, Inc. (a) (b) | 23112 | 757149 |
| Structure Therapeutics, Inc. ADR (a) | 39677 | 2759535 |
| Terns Pharmaceuticals, Inc. (a) | 8901 | 359600 |
| TransMedics Group, Inc. (a) (b) | 25806 | 3139300 |
| Ultragenyx Pharmaceutical, Inc. (a) | 20291 | 466693 |
| Vaxcyte, Inc. (a) | 22370 | 1032152 |
| Veracyte, Inc. (a) | 23156 | 974868 |
| Viridian Therapeutics, Inc. (a) | 16535 | 514569 |
| Waystar Holding Corp. (a) (b) | 56249 | 1842155 |
|  |  | 130506932 |
| **Industrials — 25.9%** |  |  |
| AAON, Inc. (b) | 21025 | 1603156 |
| AAR Corp. (a) | 26363 | 2182593 |
| Acuity, Inc. | 8650 | 3114346 |
| AeroVironment, Inc. (a) (b) | 10338 | 2500659 |
| Alliance Laundry Holdings, Inc. (a) | 37757 | 768355 |
| Ameresco, Inc. Class A (a) (b) | 95061 | 2784337 |
| Applied Industrial Technologies, Inc. | 10313 | 2648069 |
| Argan, Inc. | 8356 | 2618102 |

---

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

---

| | | |
|:---|:---|:---|
|  | **Number of<br> Shares** | **Value** |
| ATI, Inc. (a) | 31006 | $3558249 |
| Atmus Filtration Technologies, Inc. | 38764 | 2012239 |
| Bloom Energy Corp. Class A (a) | 37245 | 3236218 |
| Carpenter Technology Corp. | 14758 | 4646409 |
| Casella Waste Systems, Inc. Class A (a) (b) | 41474 | 4061964 |
| Comfort Systems USA, Inc. | 1475 | 1376603 |
| Construction Partners, Inc. Class A (a) (b) | 26533 | 2880157 |
| Crane Co. | 15490 | 2856821 |
| Curtiss-Wright Corp. | 13460 | 7420094 |
| DXP Enterprises, Inc. (a) | 34893 | 3830902 |
| Embraer SA Sponsored ADR | 55653 | 3582384 |
| Enpro, Inc. | 9340 | 1999974 |
| ESCO Technologies, Inc. | 26648 | 5206753 |
| Everus Construction Group, Inc. (a) | 18530 | 1585427 |
| Exlservice Holdings, Inc. (a) | 67042 | 2845262 |
| Federal Signal Corp. | 25093 | 2724849 |
| GATX Corp. | 13069 | 2216502 |
| Karman Holdings, Inc. (a) (b) | 56224 | 4113910 |
| Kirby Corp. (a) | 22427 | 2471007 |
| Korn Ferry | 31093 | 2052760 |
| Kratos Defense & Security Solutions, Inc. (a) (b) | 34682 | 2632711 |
| Leonardo DRS, Inc. | 35275 | 1202525 |
| Lyft, Inc. Class A (a) | 68804 | 1332733 |
| McGrath RentCorp | 14499 | 1521380 |
| Mercury Systems, Inc. (a) | 34642 | 2529212 |
| Modine Manufacturing Co. (a) | 51270 | 6845058 |
| MYR Group, Inc. (a) | 10678 | 2333143 |
| Nextpower, Inc. Class A (a) | 38515 | 3355042 |
| OPENLANE, Inc. (a) | 42494 | 1265471 |
| Powell Industries, Inc. (b) | 3688 | 1175661 |
| Primoris Services Corp. | 22948 | 2848765 |
| Rocket Lab Corp. (a) | 51372 | 3583711 |
| Rush Enterprises, Inc. Class A | 61507 | 3317688 |
| RXO, Inc. (a) (b) | 57081 | 721504 |
| Ryder System, Inc. | 11963 | 2289599 |
| SPX Technologies, Inc. (a) | 20057 | 4012603 |
| StandardAero, Inc. (a) | 43536 | 1248612 |
| Sterling Infrastructure, Inc. (a) | 12219 | 3741824 |
| Terex Corp. | 38354 | 2047336 |
| Trex Co., Inc. (a) | 25193 | 883770 |
| TriNet Group, Inc. | 14981 | 885826 |
| Verra Mobility Corp. (a) | 244522 | 5479738 |
| Voyager Technologies, Inc. Class A (a) (b) | 47005 | 1228711 |
| VSE Corp. (b) | 10108 | 1746359 |
| Xometry, Inc. Class A (a) (b) | 32682 | 1943598 |
| Zurn Elkay Water Solutions Corp. | 81872 | 3806229 |
|  |  | 146876910 |
| **Information Technology — 20.4%** |  |  |
| Advanced Energy Industries, Inc. | 30344 | 6353123 |
| Agilysys, Inc. (a) (b) | 27589 | 3278677 |
| Amplitude, Inc. Class A (a) | 120479 | 1395147 |
| Appfolio, Inc. Class A (a) | 7972 | 1854686 |
| AvePoint, Inc. (a) | 265904 | 3693407 |

---

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

---

| | | |
|:---|:---|:---|
|  | **Number of<br> Shares** | **Value** |
| Belden, Inc. | 20690 | $2411419 |
| Calix, Inc. (a) | 40794 | 2159226 |
| Cellebrite DI Ltd. (a) (b) | 120351 | 2169929 |
| Cirrus Logic, Inc. (a) | 14501 | 1718368 |
| Clearwater Analytics Holdings, Inc. Class A (a) | 55664 | 1342616 |
| Commvault Systems, Inc. (a) | 23021 | 2885913 |
| Crane NXT Co. (b) | 31038 | 1460959 |
| Credo Technology Group Holding Ltd. (a) | 26319 | 3787041 |
| CyberArk Software Ltd. (a) | 3917 | 1747217 |
| Fabrinet (a) | 14948 | 6805525 |
| Freshworks, Inc. Class A (a) | 268518 | 3289345 |
| Impinj, Inc. (a) (b) | 13229 | 2301978 |
| Intapp, Inc. (a) | 79710 | 3652312 |
| IonQ, Inc. (a) (b) | 13298 | 596681 |
| JFrog Ltd. (a) | 33681 | 2103715 |
| Lattice Semiconductor Corp. (a) (b) | 41951 | 3086755 |
| Lumentum Holdings, Inc. (a) (b) | 15289 | 5635372 |
| MACOM Technology Solutions Holdings, Inc. (a) | 28510 | 4883193 |
| MKS, Inc. | 28242 | 4513072 |
| Nova Ltd. (a) (b) | 9466 | 3108540 |
| OSI Systems, Inc. (a) (b) | 4698 | 1198272 |
| Pegasystems, Inc. | 40399 | 2412628 |
| Power Integrations, Inc. (b) | 21666 | 770010 |
| Rambus, Inc. (a) | 21567 | 1981792 |
| Rubrik, Inc. Class A (a) | 23514 | 1798351 |
| Sanmina Corp. (a) | 26078 | 3913525 |
| Semtech Corp. (a) | 31205 | 2299496 |
| ServiceTitan, Inc. Class A (a) | 6522 | 694593 |
| Silicon Motion Technology Corp. Sponsored ADR | 19301 | 1789203 |
| SiTime Corp. (a) (b) | 28959 | 10228029 |
| Terawulf, Inc. (a) (b) | 138095 | 1586712 |
| Tower Semiconductor Ltd. (a) | 43688 | 5129845 |
| TTM Technologies, Inc. (a) | 52021 | 3589449 |
| Universal Display Corp. | 4758 | 555639 |
| Viavi Solutions, Inc. (a) | 99182 | 1767423 |
|  |  | 115949183 |
| **Materials — 1.7%** |  |  |
| Cabot Corp. | 45195 | 2995525 |
| ERO Copper Corp. (a) (b) | 21543 | 609451 |
| Graphic Packaging Holding Co. | 65256 | 982755 |
| James Hardie Industries PLC (a) | 92544 | 1920288 |
| MP Materials Corp. (a) (b) | 36342 | 1835998 |
| Orla Mining Ltd. (a) (b) | 104055 | 1401621 |
|  |  | 9745638 |
| **Real Estate — 2.7%** |  |  |
| Acadia Realty Trust | 43054 | 884329 |
| American Healthcare REIT, Inc. | 119362 | 5617176 |
| Douglas Emmett, Inc. (b) | 86957 | 955657 |
| Essential Properties Realty Trust, Inc. (b) | 54171 | 1606712 |
| Phillips Edison & Co., Inc. | 127933 | 4550577 |
| Terreno Realty Corp. | 33022 | 1938722 |

---

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

---

| | | |
|:---|:---|:---|
|  | **Number of<br> Shares** | **Value** |
| Xenia Hotels & Resorts, Inc. | 5836 | $82521 |
|  |  | 15635694 |
| **Utilities — 1.4%** |  |  |
| IDACORP, Inc. (b) | 20608 | 2608148 |
| ONE Gas, Inc. | 27074 | 2091467 |
| Talen Energy Corp. (a) | 8750 | 3279850 |
|  |  | 7979465 |
| **TOTAL COMMON STOCK <br> (Cost $448,504,875)** | **TOTAL COMMON STOCK <br> (Cost $448,504,875)** | **565546244** |
| **TOTAL EQUITIES <br> (Cost $448,504,875)** | **TOTAL EQUITIES <br> (Cost $448,504,875)** | **565546244** |
| **Rights — 0.0%** |  |  |
| **Health Care — 0.0%** |  |  |
| Akero Therapeutics, Inc., CVR (a) (c) (d) | 17050 | 11083 |
| **TOTAL RIGHTS <br> (Cost $11,083)** | **TOTAL RIGHTS <br> (Cost $11,083)** | **11083** |
| **Exchange-Traded Funds — 0.1%** |  |  |
| iShares Russell 2000 ETF | 3030 | 745865 |
| **TOTAL EXCHANGE-TRADED FUNDS <br> (Cost $768,356)** | **TOTAL EXCHANGE-TRADED FUNDS <br> (Cost $768,356)** | **745865** |
| **TOTAL LONG-TERM INVESTMENTS <br> (Cost $449,284,314)** | **TOTAL LONG-TERM INVESTMENTS <br> (Cost $449,284,314)** | **566303192** |
| **Short-Term Investments — 0.5%** |  |  |
| **Investment of Cash Collateral from Securities Loaned — 0.5%** |  |  |
| State Street Navigator Securities Lending Government Money Market Portfolio, 3.804% (e) | 2545324 | 2545324 |
| **TOTAL SHORT-TERM INVESTMENTS <br> (Cost $2,545,324)** | **TOTAL SHORT-TERM INVESTMENTS <br> (Cost $2,545,324)** | **2545324** |
| **TOTAL INVESTMENTS — 100.2%<br> (Cost $451,829,638) (f)** | **TOTAL INVESTMENTS — 100.2%<br> (Cost $451,829,638) (f)** | **568848516** |
| **Other Assets/(Liabilities) — (0.2)%** | **Other Assets/(Liabilities) — (0.2)%** | **(1197093)** |
| **NET ASSETS — 100.0%** | **NET ASSETS — 100.0%** | $**567651423** |

---

**Abbreviation Legend**

ADR American Depositary Receipt <br> ETF Exchange-Traded Fund <br> REIT Real Estate Investment Trust

**Notes to Portfolio of Investments**

Percentages are stated as a percent of net assets.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) Non-income producing security.

(b) Denotes all or a portion of security on loan. The total value of securities on loan as of December 31, 2025, was $98,140,809 or 17.29% of net assets. The Fund received $98,585,380 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) This security is fair valued in good faith in accordance with procedures approved by the Board of Trustees. At December 31, 2025, these securities amounted to a value of $11,083 or 0.00% of net assets.

(d) Investment is valued using significant unobservable inputs.

(e) Represents investment of security lending cash collateral and 7-day effective yield as of December 31, 2025. (Note 2).

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

---

| |
|:---|
| ***MassMutual Overseas Fund — Portfolio of Investments*** |
| **December 31, 2025 (Unaudited)** |

---

---

| | | |
|:---|:---|:---|
|  | **Number of<br> Shares** | **Value** |
| **Equities — 110.0%** |  |  |
| **Common Stock — 109.3%** |  |  |
| **Australia — 1.5%** |  |  |
| Glencore PLC | 465700 | $2533285 |
| Rio Tinto PLC | 20918 | 1668941 |
|  |  | 4202226 |
| **Canada — 2.0%** |  |  |
| Canadian National Railway Co. | 18480 | 1826748 |
| Intact Financial Corp. | 6668 | 1388108 |
| Toronto-Dominion Bank | 26458 | 2493612 |
|  |  | 5708468 |
| **China — 3.0%** |  |  |
| Alibaba Group Holding Ltd. | 92740 | 1697271 |
| NetEase, Inc. | 78500 | 2160248 |
| Prosus NV (PRX NA) | 25999 | 1605794 |
| Tencent Holdings Ltd. | 37000 | 2835208 |
|  |  | 8298521 |
| **Denmark — 2.3%** |  |  |
| Carlsberg AS Class B | 19448 | 2549466 |
| DSV AS | 8915 | 2243426 |
| Novo Nordisk AS Class B | 34775 | 1772579 |
|  |  | 6565471 |
| **Finland — 1.0%** |  |  |
| Kone OYJ Class B | 40112 | 2845069 |
| **France — 19.8%** |  |  |
| Accor SA | 40170 | 2276072 |
| Air Liquide SA | 27730 | 5218365 |
| Airbus SE | 8810 | 2043509 |
| BNP Paribas SA | 73422 | 6947600 |
| Capgemini SE | 33307 | 5516060 |
| Cie de Saint-Gobain SA | 30079 | 3053410 |
| Cie Generale des Etablissements Michelin SCA | 39223 | 1300787 |
| Danone SA | 18100 | 1633152 |
| Dassault Systemes SE | 118308 | 3304382 |
| Edenred SE (a) | 103612 | 2301797 |
| Engie SA | 145990 | 3838602 |
| EssilorLuxottica SA | 592 | 187175 |
| Kering SA | 5605 | 1977790 |
| Legrand SA | 13822 | 2054032 |
| LVMH Moet Hennessy Louis Vuitton SE | 7446 | 5613541 |
| Pernod Ricard SA | 45534 | 3898117 |
| Publicis Groupe SA | 16154 | 1675835 |

---

***MassMutual Overseas Fund — Portfolio of Investments (Continued)***

---

| | | |
|:---|:---|:---|
|  | **Number of<br> Shares** | **Value** |
| TotalEnergies SE (TTE FP) | 44379 | $2892529 |
|  |  | 55732755 |
| **Germany — 12.6%** |  |  |
| adidas AG | 14425 | 2839543 |
| Allianz SE Registered | 2765 | 1268218 |
| Aumovio SE (b) | 9949 | 501349 |
| Bayer AG Registered | 53925 | 2326173 |
| Bayerische Motoren Werke AG | 20745 | 2268188 |
| Beiersdorf AG | 21675 | 2385243 |
| Brenntag SE | 34400 | 2003556 |
| Continental AG | 20399 | 1628459 |
| Daimler Truck Holding AG | 36761 | 1611954 |
| Deutsche Boerse AG | 14562 | 3824872 |
| Fresenius Medical Care AG | 6669 | 319511 |
| Fresenius SE & Co. KGaA | 29000 | 1669106 |
| Merck KGaA | 21249 | 3050105 |
| MTU Aero Engines AG | 3016 | 1258026 |
| SAP SE | 18353 | 4490581 |
| Siemens Healthineers AG (c) | 27700 | 1453624 |
| Symrise AG | 16100 | 1302824 |
| thyssenkrupp AG | 82717 | 894264 |
| Tkms AG& Co. KGaA (b) | 3090 | 239215 |
|  |  | 35334811 |
| **Hong Kong — 2.4%** |  |  |
| AIA Group Ltd. | 313200 | 3217032 |
| Prudential PLC | 230499 | 3556427 |
|  |  | 6773459 |
| **India — 1.0%** |  |  |
| Axis Bank Ltd. | 92805 | 1312973 |
| HDFC Bank Ltd. | 93528 | 1035261 |
| Tata Consultancy Services Ltd. | 16008 | 572936 |
|  |  | 2921170 |
| **Indonesia — 0.7%** |  |  |
| Bank Mandiri Persero Tbk. PT | 5933900 | 1814639 |
| **Ireland — 1.6%** |  |  |
| AIB Group PLC | 311310 | 3345238 |
| Bank of Ireland Group PLC | 65215 | 1247652 |
|  |  | 4592890 |
| **Israel — 1.1%** |  |  |
| Check Point Software Technologies Ltd. (b) | 16098 | 2987145 |
| **Italy — 4.3%** |  |  |
| Eni SpA | 116847 | 2216369 |
| Intesa Sanpaolo SpA | 698360 | 4836770 |

---

***MassMutual Overseas Fund — Portfolio of Investments (Continued)***

---

| | | |
|:---|:---|:---|
|  | **Number of<br> Shares** | **Value** |
| Ryanair Holdings PLC Sponsored ADR | 70955 | $5122241 |
|  |  | 12175380 |
| **Japan — 16.6%** |  |  |
| Asahi Group Holdings Ltd. | 150600 | 1575381 |
| Daikin Industries Ltd. | 18700 | 2400576 |
| Denso Corp. | 156800 | 2162961 |
| FUJIFILM Holdings Corp. | 87200 | 1863129 |
| Fujitsu Ltd. | 49200 | 1348946 |
| Hitachi Ltd. | 166200 | 5156130 |
| Hoya Corp. | 7700 | 1166312 |
| Kose Corp. (a) | 17400 | 583204 |
| LY Corp. | 600400 | 1598648 |
| Mitsubishi Electric Corp. | 131400 | 3854813 |
| Mitsubishi Estate Co. Ltd. | 24400 | 594268 |
| Olympus Corp. | 139500 | 1776982 |
| Seven & i Holdings Co. Ltd. | 208200 | 2989943 |
| Shin-Etsu Chemical Co. Ltd. | 88500 | 2752182 |
| SMC Corp. | 5800 | 2019539 |
| Sompo Holdings, Inc. | 94000 | 3200211 |
| Sony Group Corp. | 141900 | 3626987 |
| Sumitomo Mitsui Financial Group, Inc. | 106500 | 3427528 |
| Suzuki Motor Corp. | 135400 | 2010953 |
| Terumo Corp. | 92400 | 1346206 |
| ZOZO, Inc. | 162600 | 1344786 |
|  |  | 46799685 |
| **Luxembourg — 0.6%** |  |  |
| Eurofins Scientific SE | 21655 | 1583762 |
| **Mexico — 0.5%** |  |  |
| Fomento Economico Mexicano SAB de CV Sponsored ADR | 14870 | 1502911 |
| **Netherlands — 3.8%** |  |  |
| Akzo Nobel NV | 30125 | 2092297 |
| ASML Holding NV | 1175 | 1257086 |
| ASR Nederland NV | 21500 | 1526216 |
| IMCD NV (a) | 11680 | 1062594 |
| ING Groep NV | 141164 | 3968288 |
| Koninklijke Ahold Delhaize NV | 17400 | 713622 |
|  |  | 10620103 |
| **Portugal — 0.5%** |  |  |
| Galp Energia SGPS SA | 73176 | 1246597 |
| **Republic of Korea — 0.7%** |  |  |
| KB Financial Group, Inc. | 23900 | 2066109 |
| **Singapore — 0.9%** |  |  |
| DBS Group Holdings Ltd. | 57650 | 2523016 |
| **Spain — 1.1%** |  |  |
| Amadeus IT Group SA | 42435 | 3112553 |

---

***MassMutual Overseas Fund — Portfolio of Investments (Continued)***

---

| | | |
|:---|:---|:---|
|  | **Number of<br> Shares** | **Value** |
| **Sweden — 1.1%** |  |  |
| Hexagon AB Class A | 150500 | $1780122 |
| Volvo AB Class B | 39600 | 1269335 |
|  |  | 3049457 |
| **Switzerland — 5.1%** |  |  |
| Cie Financiere Richemont SA Registered Class A | 29947 | 6463048 |
| Sonova Holding AG Registered | 3915 | 1010133 |
| UBS Group AG Registered | 77720 | 3592767 |
| Zurich Insurance Group AG | 4468 | 3391289 |
|  |  | 14457237 |
| **Taiwan — 1.9%** |  |  |
| Taiwan Semiconductor Manufacturing Co. Ltd. | 110000 | 5373872 |
| **United Kingdom — 13.2%** |  |  |
| Ashtead Group PLC | 36864 | 2515049 |
| AstraZeneca PLC Sponsored ADR | 14900 | 1369757 |
| British American Tobacco PLC | 64765 | 3670729 |
| Bunzl PLC | 44600 | 1244646 |
| Compass Group PLC | 124922 | 3974395 |
| Diageo PLC | 43100 | 928404 |
| Flutter Entertainment PLC (b) | 5842 | 1256264 |
| Intertek Group PLC | 14100 | 874452 |
| London Stock Exchange Group PLC | 19271 | 2320508 |
| NatWest Group PLC | 475331 | 4145818 |
| Reckitt Benckiser Group PLC | 30965 | 2506963 |
| RELX PLC | 71775 | 2903174 |
| Rentokil Initial PLC | 167938 | 1003068 |
| Rolls-Royce Holdings PLC | 311429 | 4840586 |
| Tesco PLC | 385750 | 2296710 |
| Unilever PLC | 21100 | 1379547 |
|  |  | 37230070 |
| **United States — 10.0%** |  |  |
| CNH Industrial NV | 239197 | 2205396 |
| Experian PLC | 70802 | 3202127 |
| Linde PLC (LIN US) | 1263 | 538531 |
| Nestle SA Registered | 28788 | 2861338 |
| Novartis AG Registered | 33887 | 4681089 |
| Qiagen NV | 32134 | 1466677 |
| Roche Holding AG | 16822 | 6951995 |
| Sanofi SA | 12990 | 1260260 |
| Schneider Electric SE | 18547 | 5083759 |
|  |  | 28251172 |
| **TOTAL COMMON STOCK <br> (Cost $240,346,230)** |  | **307768548** |

---

***MassMutual Overseas Fund — Portfolio of Investments (Continued)***

---

| | | |
|:---|:---|:---|
| | **Number of<br> Shares** | **Value** |
| **Preferred Stock — 0.7%** |  |  |
| **Republic of Korea — 0.7%** |  |  |
| Samsung Electronics Co. Ltd. 1.644% | Samsung Electronics Co. Ltd. 1.644% | Samsung Electronics Co. Ltd. 1.644% |
|  | 29550 | $1813438 |
| **TOTAL PREFERRED STOCK <br> (Cost $1,198,341)** | **TOTAL PREFERRED STOCK <br> (Cost $1,198,341)** | **1813438** |
| **TOTAL EQUITIES <br> (Cost $241,544,571)** | **TOTAL EQUITIES <br> (Cost $241,544,571)** | **309581986** |
| **TOTAL LONG-TERM INVESTMENTS <br> (Cost $241,544,571)** | **TOTAL LONG-TERM INVESTMENTS <br> (Cost $241,544,571)** | **309581986** |
| **Short-Term Investments — 1.1%** | **Short-Term Investments — 1.1%** |  |
|  | **Principal<br> Amount** |  |
| **Repurchase Agreement — 1.1%** |  |  |
| Fixed Income Clearing Corp., Repurchase Agreement, dated 12/31/25, 2.000%, due 1/02/26 (d) | $3178826 | 3178826 |
| **TOTAL SHORT-TERM INVESTMENTS <br> (Cost $3,178,826)** | **TOTAL SHORT-TERM INVESTMENTS <br> (Cost $3,178,826)** | **3178826** |
| **TOTAL INVESTMENTS — 111.1%<br> (Cost $244,723,397) (e)** | **TOTAL INVESTMENTS — 111.1%<br> (Cost $244,723,397) (e)** | **312760812** |
| **Other Assets/(Liabilities) — (11.1)%** | **Other Assets/(Liabilities) — (11.1)%** | **(31168830)** |
| **NET ASSETS — 100.0%** | **NET ASSETS — 100.0%** | $**281591982** |

---

**Abbreviation Legend**

ADR American Depositary Receipt

**Notes to Portfolio of Investments**

Percentages are stated as a percent of net assets.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) Denotes all or a portion of security on loan. The total value of securities on loan as of December 31, 2025, was $2,085,101 or 0.74% of net assets. The Fund received $2,373,804 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).

(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 December 31, 2025, the aggregate market value of these securities amounted to $1,453,624 or 0.52% of net assets.

(d) Maturity value of $3,179,180. Collateralized by U.S. Government Agency obligations with a rate of 3.875%, maturity date of 5/31/27, and an aggregate market value, including accrued interest, of $3,242,519.

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

***Notes to Portfolio of Investments (Unaudited)***

1. The Funds

MassMutual Select Funds (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 May 28, 1993, as amended and restated as of November 21, 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"):

MassMutual Diversified Value Fund ("Diversified Value Fund")

MM S&P 500<sup>®</sup> Index Fund ("S&P 500 Index Fund")

MassMutual Blue Chip Growth Fund ("Blue Chip Growth Fund")

MassMutual Mid Cap Growth Fund ("Mid Cap Growth Fund")

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

MassMutual Overseas Fund ("Overseas Fund")

*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 ("FASB") Accounting Standards Codification Topic 946, Financial Services – Investment Companies.

Effective October 1, 2024, each Fund adopted FASB Accounting Standards Update 2023-07, Segment Reporting (Topic 280) - Improvements to Reportable Segment Disclosures ("ASU 2023-07"). ASU 2023-07 impacts financial statement disclosures only and does not affect each Fund's financial position or the results of its operations. An operating segment is defined in Topic 280 as a component of a public entity that engages in business activities from which it may recognize revenues and incur expenses, has operating results that are regularly reviewed by the public entity's chief operating decision maker ("CODM") to make decisions about resources to be allocated to the segment and assess its performance, and has discrete financial information available. MML Investment Advisers, LLC ("MML Advisers") acts as each Fund's CODM. Each Fund represents a single operating segment, and the CODM monitors the operating results of each Fund as a whole and each Fund's long-term strategic asset allocation is pre-determined in accordance with the terms of its prospectus, based on a defined investment strategy which is executed by each Fund's portfolio managers as a team. The financial information in the form of each Fund's portfolio composition, total returns, expense ratios, and changes in net assets, which are used by the CODM to assess the segment's performance versus each Fund's comparative benchmark(s) and to make resource allocation decisions for each Fund's single segment, is consistent with that presented within each Fund's financial statements.

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 holds foreign securities that trade on days that foreign securities markets are open.

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.

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 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

***Notes to Portfolio of Investments (Unaudited) (Continued)***

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.

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 following is the aggregate value by input level, as of December 31, 2025, for the Funds' investments:

**Diversified Value Fund**

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Asset Investments** | **Level 1** | **Level 2** | **Level 3** | **Total** |
| Common Stock | $440010236 | $— | $— | $440010236 |
| Exchange-Traded Funds | 8644974 |  |  | 8644974 |
| Short-Term Investments | 1451925 | 2608283 |  | 4060208 |
| Total Investments | $450107135 | $2608283 | $— | $452715418 |

---

***Notes to Portfolio of Investments (Unaudited) (Continued)***

**S&P 500 Index Fund**

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Asset Investments** | **Level 1** | **Level 2** | **Level 3** | **Total** |
| Common Stock | $2228242754 | $— | $— | $2228242754 |
| Exchange-Traded Funds | 2486332 |  |  | 2486332 |
| Short-Term Investments | 176214 | 13497203 |  | 13673417 |
| Total Investments | $2230905300 | $13497203 | $— | $2244402503 |
| **Asset Derivatives** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Futures Contracts | $13436 | $— | $— | $13436 |

---

***Notes to Portfolio of Investments (Unaudited) (Continued)***

**Blue Chip Growth Fund**

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Asset Investments** | **Level 1** | **Level 2** | **Level 3** | **Total** |
| Common Stock | $2116370291 | $11227476 \* | $— | $2127597767 |
| Corporate Debt |  | 2697336 |  | 2697336 |
| Short-Term Investments | 569803 | 7686940 |  | 8256743 |
| Total Investments | $2116940094 | $21611752 | $— | $2138551846 |

---

***Notes to Portfolio of Investments (Unaudited) (Continued)***

**Mid Cap Growth Fund**

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Asset Investments** | **Level 1** | **Level 2** | **Level 3** | **Total** |
| Common Stock | $3304837214 | $— | $— | $3304837214 |
| Short-Term Investments | 3174853 | 81613457 |  | 84788310 |
| Total Investments | $3308012067 | $81613457 | $— | $3389625524 |

---

***Notes to Portfolio of Investments (Unaudited) (Continued)***

**Small Cap Growth Equity Fund**

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Asset Investments** | **Level 1** | **Level 2** | **Level 3** | **Total** |
| Common Stock | $564957421 | $588823 \* | $— | $565546244 |
| Rights |  |  | 11083 | 11083 |
| Exchange-Traded Funds | 745865 |  |  | 745865 |
| Short-Term Investments | 2545324 |  |  | 2545324 |
| Total Investments | $568248610 | $588823 | $11083 | $568848516 |

---

***Notes to Portfolio of Investments (Unaudited) (Continued)***

**Overseas Fund**

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Asset Investments** | **Level 1** | **Level 2** | **Level 3** | **Total** |
| Common Stock\* |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Australia | $&nbsp;&nbsp;&nbsp;— | $&nbsp;&nbsp;&nbsp;4202226 | $&nbsp;&nbsp;&nbsp;— | $&nbsp;&nbsp;&nbsp;4202226 |
| &nbsp;&nbsp;&nbsp;Canada | &nbsp;&nbsp;&nbsp;5708468 | &nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;5708468 |
| &nbsp;&nbsp;&nbsp;China | &nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;8298521 | &nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;8298521 |
| &nbsp;&nbsp;&nbsp;Denmark | &nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;6565471 | &nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;6565471 |
| &nbsp;&nbsp;&nbsp;Finland | &nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;2845069 | &nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;2845069 |
| &nbsp;&nbsp;&nbsp;France | &nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;55732755 | &nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;55732755 |
| &nbsp;&nbsp;&nbsp;Germany | &nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;35334811 | &nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;35334811 |
| &nbsp;&nbsp;&nbsp;Hong Kong | &nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;6773459 | &nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;6773459 |
| &nbsp;&nbsp;&nbsp;India | &nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;2921170 | &nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;2921170 |
| &nbsp;&nbsp;&nbsp;Indonesia | &nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;1814639 | &nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;1814639 |
| &nbsp;&nbsp;&nbsp;Ireland | &nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;4592890 | &nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;4592890 |
| &nbsp;&nbsp;&nbsp;Israel | &nbsp;&nbsp;&nbsp;2987145 | &nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;2987145 |
| &nbsp;&nbsp;&nbsp;Italy | &nbsp;&nbsp;&nbsp;5122241 | &nbsp;&nbsp;&nbsp;7053139 | &nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;12175380 |
| &nbsp;&nbsp;&nbsp;Japan | &nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;46799685 | &nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;46799685 |
| &nbsp;&nbsp;&nbsp;Luxembourg | &nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;1583762 | &nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;1583762 |
| &nbsp;&nbsp;&nbsp;Mexico | &nbsp;&nbsp;&nbsp;1502911 | &nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;1502911 |
| &nbsp;&nbsp;&nbsp;Netherlands | &nbsp;&nbsp;&nbsp;1257086 | &nbsp;&nbsp;&nbsp;9363017 | &nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;10620103 |
| &nbsp;&nbsp;&nbsp;Portugal | &nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;1246597 | &nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;1246597 |
| &nbsp;&nbsp;&nbsp;Republic of Korea | &nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;2066109 | &nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;2066109 |
| &nbsp;&nbsp;&nbsp;Singapore | &nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;2523016 | &nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;2523016 |
| &nbsp;&nbsp;&nbsp;Spain | &nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;3112553 | &nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;3112553 |
| &nbsp;&nbsp;&nbsp;Sweden | &nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;3049457 | &nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;3049457 |
| &nbsp;&nbsp;&nbsp;Switzerland | &nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;14457237 | &nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;14457237 |
| &nbsp;&nbsp;&nbsp;Taiwan | &nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;5373872 | &nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;5373872 |
| &nbsp;&nbsp;&nbsp;United Kingdom | &nbsp;&nbsp;&nbsp;2626021 | &nbsp;&nbsp;&nbsp;34604049 | &nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;37230070 |
| &nbsp;&nbsp;&nbsp;United States | &nbsp;&nbsp;&nbsp;2743927 | &nbsp;&nbsp;&nbsp;25507245 | &nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;28251172 |
| Preferred Stock\* |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Republic of Korea | &nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;1813438 | &nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;1813438 |
| Short-Term Investments | &nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;3178826 | &nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;3178826 |
| &nbsp;&nbsp;&nbsp;Total Investments | $&nbsp;&nbsp;&nbsp;21947799 | $&nbsp;&nbsp;&nbsp;290813013 | $&nbsp;&nbsp;&nbsp;— | $&nbsp;&nbsp;&nbsp;312760812 |

---

\* 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.

***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 Form N-CSR and Prospectus(es) and SAI(s) which can be found on the Securities and Exchange Commission's EDGAR database on its website at <u>https://www.sec.gov</u> for more information regarding the derivatives and other investments held by the Fund(s).

*Securities Lending*

Each 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 December 31, 2025, 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.

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 Overseas Fund invests substantially all of its assets in foreign securities. The other Funds may also 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.

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.

***Notes to Portfolio of Investments (Unaudited) (Continued)***

3. Federal Income Tax Information

It is each Fund's intent to continue to comply with the provisions of Subchapter M of the Internal Revenue Code of 1986, as amended, 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.

At December 31, 2025, 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<br> Income Tax <br> Cost | Tax Basis<br> Unrealized<br> Appreciation | Tax Basis<br> Unrealized <br> (Depreciation) | Net Unrealized<br> Appreciation <br> (Depreciation) |
| Diversified Value Fund | $398328095 | $61804347 | $(7417024) | $54387323 |
| S&P 500 Index Fund | 992700135 | 1292777986 | (41075618) | 1251702368 |
| Blue Chip Growth Fund | 1093255096 | 1067907785 | (22611035) | 1045296750 |
| Mid Cap Growth Fund | 2873100986 | 688001774 | (171477236) | 516524538 |
| Small Cap Growth Equity Fund | 451829638 | 134623241 | (17604363) | 117018878 |
| Overseas Fund | 244723397 | 78195596 | (10158181) | 68037415 |

---

## Form NPORT-P: Monthly Portfolio Investments Report

### NPORT-P: Part A: General Information

**Item A.1. Information about the Registrant.**

- **a. Name of Registrant:** MASSMUTUAL SELECT FUNDS

- **b. Investment Company Act file number:** 811-08274

- **c. CIK number of Registrant:** 0000916053

- **d. LEI of Registrant:** PJVR01EN4PJWVNUIQ236

- **e. Address and telephone number of Registrant.**

  - **Street Address 1:** 1295 STATE STREET

  - **City:** SPRINGFIELD

  - **State:** MA

  - **Foreign country:** US

  - **Zip / Postal Code:** 01111-0001

  - **Telephone number:** 413-744-1000

**Item A.2. Information about the Series.**

- **a. Name of Series:** MassMutual Mid Cap Growth Fund

- **b. EDGAR series identifier (if any):** S000003665

- **c. LEI of Series:** 549300LPDVDBGPODUD56

**Item A.3. Reporting period.**

- **a. Date of fiscal year-end:** 2026-09-30

- **b. Date as of which information is reported:** 2025-12-31

**Item A.4. Final filing**

Does the Fund anticipate that this will be its final filing on Form N-PORT? **No**

### Fund Information

**Total Assets:** $3545376690.14

**Total Liabilities:** $160000361.74

**Net Assets:** $3385376328.40

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000010212 | 0.53%                | 0.30%                | -0.49%               |
| Class ID C000010213 | 0.55%                | 0.30%                | -0.46%               |
| Class ID C000010214 | 0.48%                | 0.28%                | -0.58%               |
| Class ID C000010215 | 0.57%                | 0.36%                | -0.50%               |
| Class ID C000010216 | 0.55%                | 0.38%                | -0.53%               |
| Class ID C000093669 | 0.60%                | 0.35%                | -0.48%               |
| Class ID C000140357 | 0.59%                | 0.29%                | -0.56%               |
| Class ID C000240790 | 0.57%                | 0.36%                | -0.49%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $66375731.08             | $-42741442.14                              |
| Month 2  | $50127369.93             | $-40167407.16                              |
| Month 3  | $59559036.14             | $-76268062.75                              |

### Schedule of Portfolio Investments

| Name                                         | Title                                                                       | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   |   Fair Value Level | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| API Group Corp                               | API Group Corp                                                              | CUSIP: 00187Y100<br>LEI: 213800NZT1VX6PZ7BT53 | Long             | EC               | CORP              | US        |    253182 | NS      | $9686743.32   | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Agilent Technologies Inc                     | Agilent Technologies Inc                                                    | CUSIP: 00846U101<br>LEI: QUIX8Y7A2WP0XRMW7G29 | Long             | EC               | CORP              | US        |    445326 | NS      | $60595508.82  | 1.79%             |  |  |  | No            |                  1 | On Loan: No      |
| Akamai Technologies Inc                      | Akamai Technologies Inc                                                     | CUSIP: 00971T101<br>LEI: OC1LZNN2LF5WTJ5RIL89 | Long             | EC               | CORP              | US        |     48751 | NS      | $4253524.75   | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Align Technology Inc                         | Align Technology Inc                                                        | CUSIP: 016255101<br>LEI: 549300N5YSE0U3LCP840 | Long             | EC               | CORP              | US        |    147918 | NS      | $23097395.70  | 0.68%             |  |  |  | No            |                  1 | On Loan: No      |
| ATI Inc                                      | ATI Inc                                                                     | CUSIP: 01741R102<br>LEI: ZW1LRE7C3H17O2ZN9B45 | Long             | EC               | CORP              | US        |     90165 | NS      | $10347335.40  | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Allegro MicroSystems Inc                     | Allegro MicroSystems Inc                                                    | CUSIP: 01749D105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    223633 | NS      | $5899438.54   | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Alnylam Pharmaceuticals Inc                  | Alnylam Pharmaceuticals Inc                                                 | CUSIP: 02043Q107<br>LEI: 529900S3ZI14OWRJII50 | Long             | EC               | CORP              | US        |    105830 | NS      | $42083299.50  | 1.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Cencora Inc                                  | Cencora Inc                                                                 | CUSIP: 03073E105<br>LEI: AI8GXW8LG5WK7E9UD086 | Long             | EC               | CORP              | US        |    110500 | NS      | $37321375.00  | 1.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Amphenol Corp                                | Amphenol Corp                                                               | CUSIP: 032095101<br>LEI: 549300D3L3G0R4U4VT04 | Long             | EC               | CORP              | US        |    293070 | NS      | $39605479.80  | 1.17%             |  |  |  | No            |                  1 | On Loan: No      |
| AppLovin Corp                                | AppLovin Corp                                                               | CUSIP: 03831W108<br>LEI: 549300LLVXMUAOL3SQ07 | Long             | EC               | CORP              | US        |      4484 | NS      | $3021408.88   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Arcellx Inc                                  | Arcellx Inc                                                                 | CUSIP: 03940C100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    124400 | NS      | $8110880.00   | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Arista Networks Inc                          | Arista Networks Inc                                                         | CUSIP: 040413205<br>LEI: 635400H1WKBLOQERUU95 | Long             | EC               | CORP              | US        |     26027 | NS      | $3410317.81   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Ascendis Pharma A/S                          | Ascendis Pharma A/S                                                         | CUSIP: 04351P101<br>LEI: 549300B66JN3W3J8GH73 | Long             | EC               | CORP              | DK        |     80600 | NS      | $17187144.00  | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Assurant Inc                                 | Assurant Inc                                                                | CUSIP: 04621X108<br>LEI: H3F39CAXWQRVWURFXL38 | Long             | EC               | CORP              | US        |    175800 | NS      | $42341430.00  | 1.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Astera Labs Inc                              | Astera Labs Inc                                                             | CUSIP: 04626A103<br>LEI: 529900LJL8TUEGF7HG20 | Long             | EC               | CORP              | US        |     53382 | NS      | $8880629.52   | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Atlassian Corp                               | Atlassian Corp                                                              | CUSIP: 049468101<br>LEI: 549300V7ZY5P02D2MY38 | Long             | EC               | CORP              | US        |     92905 | NS      | $15063616.70  | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Aurora Innovation Inc                        | Aurora Innovation Inc                                                       | CUSIP: 051774107<br>LEI: 984500AB2E0D9F7D9D76 | Long             | EC               | CORP              | US        |    750022 | NS      | $2880084.48   | 0.09%             |  |  |  | No            |                  1 | On Loan: —       |
| Avantor Inc                                  | Avantor Inc                                                                 | CUSIP: 05352A100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |   1570600 | NS      | $17999076.00  | 0.53%             |  |  |  | No            |                  1 | On Loan: —       |
| Avery Dennison Corp                          | Avery Dennison Corp                                                         | CUSIP: 053611109<br>LEI: 549300PW7VPFCYKLIV37 | Long             | EC               | CORP              | US        |    138000 | NS      | $25099440.00  | 0.74%             |  |  |  | No            |                  1 | On Loan: No      |
| BWX Technologies Inc                         | BWX Technologies Inc                                                        | CUSIP: 05605H100<br>LEI: 549300NP85N265KWMS58 | Long             | EC               | CORP              | US        |     98754 | NS      | $17068641.36  | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| Ball Corp                                    | Ball Corp                                                                   | CUSIP: 058498106<br>LEI: 0BGI85ALH27ZJP15DY16 | Long             | EC               | CORP              | US        |    310000 | NS      | $16420700.00  | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Biogen Inc                                   | Biogen Inc                                                                  | CUSIP: 09062X103<br>LEI: W8J5WZB5IY3K0NDQT671 | Long             | EC               | CORP              | US        |     51100 | NS      | $8993089.00   | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| BioNTech SE                                  | BioNTech SE                                                                 | CUSIP: 09075V102<br>LEI: 894500UZJ5LG1F8J1U58 | Long             | EC               | CORP              | DE        |    104900 | NS      | $9986480.00   | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Booz Allen Hamilton Holding Corp             | Booz Allen Hamilton Holding Corp                                            | CUSIP: 099502106<br>LEI: 529900JPV47PIUWMA015 | Long             | EC               | CORP              | US        |    266100 | NS      | $22448196.00  | 0.66%             |  |  |  | No            |                  1 | On Loan: No      |
| Broadridge Financial Solutions Inc           | Broadridge Financial Solutions Inc                                          | CUSIP: 11133T103<br>LEI: 549300KZDJZQ2YIHRC28 | Long             | EC               | CORP              | US        |     31700 | NS      | $7074489.00   | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Bruker Corp                                  | Bruker Corp                                                                 | CUSIP: 116794108<br>LEI: LEBZ6VLQ6I8XB1NHVY15 | Long             | EC               | CORP              | US        |    148648 | NS      | $7002807.28   | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Builders FirstSource Inc                     | Builders FirstSource Inc                                                    | CUSIP: 12008R107<br>LEI: 549300W0SKP6L3H7DP63 | Long             | EC               | CORP              | US        |    136703 | NS      | $14065371.67  | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Burlington Stores Inc                        | Burlington Stores Inc                                                       | CUSIP: 122017106<br>LEI: 5299003Z37DVGKKC1W09 | Long             | EC               | CORP              | US        |    174121 | NS      | $50294850.85  | 1.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Cboe Global Markets Inc                      | Cboe Global Markets Inc                                                     | CUSIP: 12503M108<br>LEI: 529900RLNSGA90UPEH54 | Long             | EC               | CORP              | US        |     89700 | NS      | $22514700.00  | 0.67%             |  |  |  | No            |                  1 | On Loan: No      |
| CCC Intelligent Solutions Holdings Inc       | CCC Intelligent Solutions Holdings Inc                                      | CUSIP: 12510Q100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |   3025414 | NS      | $24052041.30  | 0.71%             |  |  |  | No            |                  1 | On Loan: —       |
| CDW Corp/DE                                  | CDW Corp/DE                                                                 | CUSIP: 12514G108<br>LEI: 9845001B052ABF0B6755 | Long             | EC               | CORP              | US        |     19883 | NS      | $2708064.60   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| CACI International Inc                       | CACI International Inc                                                      | CUSIP: 127190304<br>LEI: SYRPI2D1O9WRTS2WX210 | Long             | EC               | CORP              | US        |      6040 | NS      | $3218172.40   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Caris Life Sciences Inc                      | Caris Life Sciences Inc                                                     | CUSIP: 142152107<br>LEI: 549300LX5LO78M5VPY43 | Long             | EC               | CORP              | US        |    278764 | NS      | $7521052.72   | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Carlyle Group Inc/The                        | Carlyle Group Inc/The                                                       | CUSIP: 14316J108<br>LEI: 529900NGGVF94UK6PG95 | Long             | EC               | CORP              | US        |    131145 | NS      | $7751980.95   | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Casey's General Stores Inc                   | Casey's General Stores Inc                                                  | CUSIP: 147528103<br>LEI: 549300CAFWSI86V66Q65 | Long             | EC               | CORP              | US        |     35164 | NS      | $19435494.44  | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| Celsius Holdings Inc                         | Celsius Holdings Inc                                                        | CUSIP: 15118V207<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    295101 | NS      | $13497919.74  | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Charles River Laboratories International Inc | Charles River Laboratories International Inc                                | CUSIP: 159864107<br>LEI: 549300BSQ0R4UZ5KX287 | Long             | EC               | CORP              | US        |     31373 | NS      | $6258286.04   | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Cheniere Energy Inc                          | Cheniere Energy Inc                                                         | CUSIP: 16411R208<br>LEI: MIHC87W9WTYSYZWV1J40 | Long             | EC               | CORP              | US        |    208160 | NS      | $40464222.40  | 1.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Expand Energy Corp                           | Expand Energy Corp                                                          | CUSIP: 165167735<br>LEI: X2MT1W32SPAZ9WSKLE78 | Long             | EC               | CORP              | US        |    127900 | NS      | $14115044.00  | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Chipotle Mexican Grill Inc                   | Chipotle Mexican Grill Inc                                                  | CUSIP: 169656105<br>LEI: 529900REP5VGTPCP1J71 | Long             | EC               | CORP              | US        |    202446 | NS      | $7490502.00   | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Church & Dwight Co Inc                       | Church & Dwight Co Inc                                                      | CUSIP: 171340102<br>LEI: POOXSI30AWAQGYJZC921 | Long             | EC               | CORP              | US        |     82337 | NS      | $6903957.45   | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Circle Internet Group Inc                    | Circle Internet Group Inc                                                   | CUSIP: 172573107<br>LEI: 254900HFVVR6NPMQVN93 | Long             | EC               | CORP              | US        |     37067 | NS      | $2939413.10   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Cintas Corp                                  | Cintas Corp                                                                 | CUSIP: 172908105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     28077 | NS      | $5280441.39   | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Cloudflare Inc                               | Cloudflare Inc                                                              | CUSIP: 18915M107<br>LEI: 5493007DY18BGNLDWU14 | Long             | EC               | CORP              | US        |     71372 | NS      | $14070989.80  | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Cooper Cos Inc/The                           | Cooper Cos Inc/The                                                          | CUSIP: 216648501<br>LEI: QJKMVPIGLH7530PCUE20 | Long             | EC               | CORP              | US        |    444300 | NS      | $36414828.00  | 1.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Corcept Therapeutics Inc                     | Corcept Therapeutics Inc                                                    | CUSIP: 218352102<br>LEI: 529900EO9LUTFMZ7FF90 | Long             | EC               | CORP              | US        |     67300 | NS      | $2342040.00   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Corning Inc                                  | Corning Inc                                                                 | CUSIP: 219350105<br>LEI: 549300X2937PB0CJ7I56 | Long             | EC               | CORP              | US        |     38000 | NS      | $3327280.00   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| QuidelOrtho Corp                             | QuidelOrtho Corp                                                            | CUSIP: 219798105<br>LEI: 549300YU8CMO9HF53113 | Long             | EC               | CORP              | US        |    266600 | NS      | $7614096.00   | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Corpay Inc                                   | Corpay Inc                                                                  | CUSIP: 219948106<br>LEI: 549300DG6RR0NQSFLN74 | Long             | EC               | CORP              | US        |     49445 | NS      | $14879483.85  | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| CoStar Group Inc                             | CoStar Group Inc                                                            | CUSIP: 22160N109<br>LEI: 984500Q1D53D08E2E698 | Long             | EC               | CORP              | US        |    169900 | NS      | $11424076.00  | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Cytokinetics Inc                             | Cytokinetics Inc                                                            | CUSIP: 23282W605<br>LEI: 549300BE5DY1HW7IHA64 | Long             | EC               | CORP              | US        |    193600 | NS      | $12301344.00  | 0.36%             |  |  |  | No            |                  1 | On Loan: —       |
| DT Midstream Inc                             | DT Midstream Inc                                                            | CUSIP: 23345M107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     27100 | NS      | $3243328.00   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Datadog Inc                                  | Datadog Inc                                                                 | CUSIP: 23804L103<br>LEI: 549300F6JNO0KRPO1K63 | Long             | EC               | CORP              | US        |     68605 | NS      | $9329593.95   | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Dexcom Inc                                   | Dexcom Inc                                                                  | CUSIP: 252131107<br>LEI: 549300YSK3QDSFR5EU59 | Long             | EC               | CORP              | US        |    128797 | NS      | $8548256.89   | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Dolby Laboratories Inc                       | Dolby Laboratories Inc                                                      | CUSIP: 25659T107<br>LEI: 549300X04FB2QPCJ5J24 | Long             | EC               | CORP              | US        |     41619 | NS      | $2672772.18   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Dollar Tree Inc                              | Dollar Tree Inc                                                             | CUSIP: 256746108<br>LEI: 549300PMSTQITB1WHR43 | Long             | EC               | CORP              | US        |    329000 | NS      | $40470290.00  | 1.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Domino's Pizza Inc                           | Domino's Pizza Inc                                                          | CUSIP: 25754A201<br>LEI: 25490005ZWM1IF9UXU57 | Long             | EC               | CORP              | US        |    111005 | NS      | $46269104.10  | 1.37%             |  |  |  | No            |                  1 | On Loan: No      |
| DraftKings Inc                               | DraftKings Inc                                                              | CUSIP: 26142V105<br>LEI: 2549006G33IUL6IVOD83 | Long             | EC               | CORP              | US        |    777793 | NS      | $26802746.78  | 0.79%             |  |  |  | No            |                  1 | On Loan: —       |
| Duolingo Inc                                 | Duolingo Inc                                                                | CUSIP: 26603R106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     37000 | NS      | $6493500.00   | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| EQT Corp                                     | EQT Corp                                                                    | CUSIP: 26884L109<br>LEI: 4NT01YGM4X7ZX86ISY52 | Long             | EC               | CORP              | US        |    458800 | NS      | $24591680.00  | 0.73%             |  |  |  | No            |                  1 | On Loan: No      |
| Eagle Materials Inc                          | Eagle Materials Inc                                                         | CUSIP: 26969P108<br>LEI: 529900KRXRGXL61SG039 | Long             | EC               | CORP              | US        |     50076 | NS      | $10349707.68  | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Elanco Animal Health Inc                     | Elanco Animal Health Inc                                                    | CUSIP: 28414H103<br>LEI: 549300SHPNDCE059M934 | Long             | EC               | CORP              | US        |    793100 | NS      | $17947853.00  | 0.53%             |  |  |  | No            |                  1 | On Loan: —       |
| Encompass Health Corp                        | Encompass Health Corp                                                       | CUSIP: 29261A100<br>LEI: 549300FVRPM9DRQZRG64 | Long             | EC               | CORP              | US        |    124700 | NS      | $13235658.00  | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| EPAM Systems Inc                             | EPAM Systems Inc                                                            | CUSIP: 29414B104<br>LEI: 549300XCR4R530HJP604 | Long             | EC               | CORP              | US        |     39197 | NS      | $8030681.36   | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Equifax Inc                                  | Equifax Inc                                                                 | CUSIP: 294429105<br>LEI: 5493004MCF8JDC86VS77 | Long             | EC               | CORP              | US        |     53500 | NS      | $11608430.00  | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Esab Corp                                    | Esab Corp                                                                   | CUSIP: 29605J106<br>LEI: 549300ZNV0SWBXEIWT04 | Long             | EC               | CORP              | US        |    260566 | NS      | $29110433.52  | 0.86%             |  |  |  | No            |                  1 | On Loan: No      |
| Fair Isaac Corp                              | Fair Isaac Corp                                                             | CUSIP: 303250104<br>LEI: RI6HET5SJUEY30V1PS26 | Long             | EC               | CORP              | US        |      8395 | NS      | $14192754.90  | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Ferguson Enterprises Inc                     | Ferguson Enterprises Inc                                                    | CUSIP: 31488V107<br>LEI: 2138003JYQMRP3SLX189 | Long             | EC               | CORP              | US        |    134500 | NS      | $29943735.00  | 0.88%             |  |  |  | No            |                  1 | On Loan: No      |
| First Industrial Realty Trust Inc            | First Industrial Realty Trust Inc                                           | CUSIP: 32054K103<br>LEI: N/A                  | Long             | EC               |  | US        |    113453 | NS      | $6497453.31   | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Floor & Decor Holdings Inc                   | Floor & Decor Holdings Inc                                                  | CUSIP: 339750101<br>LEI: 549300M5FR3N688XGQ36 | Long             | EC               | CORP              | US        |     83449 | NS      | $5081209.61   | 0.15%             |  |  |  | No            |                  1 | On Loan: —       |
| Fortive Corp                                 | Fortive Corp                                                                | CUSIP: 34959J108<br>LEI: 549300MU9YQJYHDQEF63 | Long             | EC               | CORP              | US        |    141975 | NS      | $7838439.75   | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| GE HealthCare Technologies Inc               | GE HealthCare Technologies Inc                                              | CUSIP: 36266G107<br>LEI: 549300OI9J7XOWZMUN85 | Long             | EC               | CORP              | US        |     76606 | NS      | $6283224.12   | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Guidewire Software Inc                       | Guidewire Software Inc                                                      | CUSIP: 40171V100<br>LEI: 549300WXSG0J8IXZCK32 | Long             | EC               | CORP              | US        |     12785 | NS      | $2569912.85   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Hilton Worldwide Holdings Inc                | Hilton Worldwide Holdings Inc                                               | CUSIP: 43300A203<br>LEI: 549300HVGPK36ICB0B89 | Long             | EC               | CORP              | US        |    215000 | NS      | $61758750.00  | 1.82%             |  |  |  | No            |                  1 | On Loan: No      |
| Hologic Inc                                  | Hologic Inc                                                                 | CUSIP: 436440101<br>LEI: 549300DYP6F5ZJL0LB74 | Long             | EC               | CORP              | US        |    287500 | NS      | $21415875.00  | 0.63%             |  |  |  | No            |                  1 | On Loan: No      |
| HubSpot Inc                                  | HubSpot Inc                                                                 | CUSIP: 443573100<br>LEI: 529900BLNVEW0MVKJB37 | Long             | EC               | CORP              | US        |     20900 | NS      | $8387170.00   | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| ITT Inc                                      | ITT Inc                                                                     | CUSIP: 45073V108<br>LEI: 549300KDSERHTJOXUS80 | Long             | EC               | CORP              | US        |     92500 | NS      | $16049675.00  | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| IDEXX Laboratories Inc                       | IDEXX Laboratories Inc                                                      | CUSIP: 45168D104<br>LEI: OGMTXK0LUU1HKV2P0J84 | Long             | EC               | CORP              | US        |     19325 | NS      | $13073942.25  | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Ingersoll Rand Inc                           | Ingersoll Rand Inc                                                          | CUSIP: 45687V106<br>LEI: 5299004C02FMZCUOIR50 | Long             | EC               | CORP              | US        |    347600 | NS      | $27536872.00  | 0.81%             |  |  |  | No            |                  1 | On Loan: —       |
| Insmed Inc                                   | Insmed Inc                                                                  | CUSIP: 457669307<br>LEI: 529900Q55QAG41CCAC11 | Long             | EC               | CORP              | US        |     64490 | NS      | $11223839.60  | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Ionis Pharmaceuticals Inc                    | Ionis Pharmaceuticals Inc                                                   | CUSIP: 462222100<br>LEI: 549300SI4ZGLG0BLUZ92 | Long             | EC               | CORP              | US        |    409616 | NS      | $32404721.76  | 0.96%             |  |  |  | No            |                  1 | On Loan: No      |
| KLA Corp                                     | KLA Corp                                                                    | CUSIP: 482480100<br>LEI: 549300H0BF5JCG96TJ81 | Long             | EC               | CORP              | US        |      5250 | NS      | $6379170.00   | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| KKR & Co Inc                                 | KKR & Co Inc                                                                | CUSIP: 48251W104<br>LEI: 54930013V5I303TF9571 | Long             | EC               | CORP              | US        |     27207 | NS      | $3468348.36   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Keysight Technologies Inc                    | Keysight Technologies Inc                                                   | CUSIP: 49338L103<br>LEI: 549300GLKVIO8YRCYN02 | Long             | EC               | CORP              | US        |    155000 | NS      | $31494450.00  | 0.93%             |  |  |  | No            |                  1 | On Loan: No      |
| Knight-Swift Transportation Holdings Inc     | Knight-Swift Transportation Holdings Inc                                    | CUSIP: 499049104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    278456 | NS      | $14557679.68  | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| L3Harris Technologies Inc                    | L3Harris Technologies Inc                                                   | CUSIP: 502431109<br>LEI: 549300UTE50ZMDBG8A20 | Long             | EC               | CORP              | US        |     33090 | NS      | $9714231.30   | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Lamb Weston Holdings Inc                     | Lamb Weston Holdings Inc                                                    | CUSIP: 513272104<br>LEI: 5493005SMYID1D2OY946 | Long             | EC               | CORP              | US        |    108782 | NS      | $4556877.98   | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Lattice Semiconductor Corp                   | Lattice Semiconductor Corp                                                  | CUSIP: 518415104<br>LEI: 549300LRBBPZDQ2II567 | Long             | EC               | CORP              | US        |    772591 | NS      | $56847245.78  | 1.68%             |  |  |  | No            |                  1 | On Loan: —       |
| Liberty Live Holdings Inc                    | Liberty Live Holdings Inc                                                   | CUSIP: 530909308<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    217200 | NS      | $18062352.00  | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| Liberty Media Corp-Liberty Formula One       | Liberty Media Corp-Liberty Formula One                                      | CUSIP: 531229755<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    422924 | NS      | $41662243.24  | 1.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Live Nation Entertainment Inc                | Live Nation Entertainment Inc                                               | CUSIP: 538034109<br>LEI: 5493007B9BM9ZXJINO78 | Long             | EC               | CORP              | US        |     37500 | NS      | $5343750.00   | 0.16%             |  |  |  | No            |                  1 | On Loan: —       |
| Lululemon Athletica Inc                      | Lululemon Athletica Inc                                                     | CUSIP: 550021109<br>LEI: 549300D9GZ4BMLDW5T40 | Long             | EC               | CORP              | US        |     19862 | NS      | $4127522.22   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| MSCI Inc                                     | MSCI Inc                                                                    | CUSIP: 55354G100<br>LEI: 549300HTIN2PD78UB763 | Long             | EC               | CORP              | US        |     73996 | NS      | $42453725.08  | 1.25%             |  |  |  | No            |                  1 | On Loan: No      |
| MACOM Technology Solutions Holdings Inc      | MACOM Technology Solutions Holdings Inc                                     | CUSIP: 55405Y100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    167800 | NS      | $28740784.00  | 0.85%             |  |  |  | No            |                  1 | On Loan: No      |
| Manhattan Associates Inc                     | Manhattan Associates Inc                                                    | CUSIP: 562750109<br>LEI: 529900Q1GJP7KD52SW51 | Long             | EC               | CORP              | US        |    121900 | NS      | $21126489.00  | 0.62%             |  |  |  | No            |                  1 | On Loan: No      |
| Maplebear Inc                                | Maplebear Inc                                                               | CUSIP: 565394103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     22300 | NS      | $1003054.00   | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Markel Group Inc                             | Markel Group Inc                                                            | CUSIP: 570535104<br>LEI: 549300SCNO12JLWIK605 | Long             | EC               | CORP              | US        |      7700 | NS      | $16552305.00  | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Martin Marietta Materials Inc                | Martin Marietta Materials Inc                                               | CUSIP: 573284106<br>LEI: 5299005MZ4WZECVATV08 | Long             | EC               | CORP              | US        |     44500 | NS      | $27708370.00  | 0.82%             |  |  |  | No            |                  1 | On Loan: No      |
| Marvell Technology Inc                       | Marvell Technology Inc                                                      | CUSIP: 573874104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    228860 | NS      | $19448522.80  | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| Masimo Corp                                  | Masimo Corp                                                                 | CUSIP: 574795100<br>LEI: 549300Q4A8JK0PIYCU29 | Long             | EC               | CORP              | US        |     43000 | NS      | $5592580.00   | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Mattel Inc                                   | Mattel Inc                                                                  | CUSIP: 577081102<br>LEI: 549300VELLG24KHTJ564 | Long             | EC               | CORP              | US        |    228677 | NS      | $4536951.68   | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| McCormick & Co Inc/MD                        | McCormick & Co Inc/MD                                                       | CUSIP: 579780206<br>LEI: 549300JQQA6MQ4OJP259 | Long             | EC               | CORP              | US        |    302000 | NS      | $20569220.00  | 0.61%             |  |  |  | No            |                  1 | On Loan: No      |
| McGraw Hill Inc                              | McGraw Hill Inc                                                             | CUSIP: 580907103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    322481 | NS      | $5320936.50   | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Mettler-Toledo International Inc             | Mettler-Toledo International Inc                                            | CUSIP: 592688105<br>LEI: 5493000BD5GJNUDIUG10 | Long             | EC               | CORP              | US        |     40325 | NS      | $56220711.75  | 1.66%             |  |  |  | No            |                  1 | On Loan: No      |
| Microchip Technology Inc                     | Microchip Technology Inc                                                    | CUSIP: 595017104<br>LEI: 5493007PTFULNYZJ1R12 | Long             | EC               | CORP              | US        |    489400 | NS      | $31184568.00  | 0.92%             |  |  |  | No            |                  1 | On Loan: No      |
| Molina Healthcare Inc                        | Molina Healthcare Inc                                                       | CUSIP: 60855R100<br>LEI: 549300NQQCEQ46YHZ591 | Long             | EC               | CORP              | US        |     76700 | NS      | $13310518.00  | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| MongoDB Inc                                  | MongoDB Inc                                                                 | CUSIP: 60937P106<br>LEI: 549300TPTG69WKWE1Z37 | Long             | EC               | CORP              | US        |     70562 | NS      | $29614165.78  | 0.87%             |  |  |  | No            |                  1 | On Loan: No      |
| Monolithic Power Systems Inc                 | Monolithic Power Systems Inc                                                | CUSIP: 609839105<br>LEI: 529900TB7O85LSZ1XU31 | Long             | EC               | CORP              | US        |     59118 | NS      | $53582190.48  | 1.58%             |  |  |  | No            |                  1 | On Loan: No      |
| Mueller Industries Inc                       | Mueller Industries Inc                                                      | CUSIP: 624756102<br>LEI: 5493005IZFE4VJLLYG84 | Long             | EC               | CORP              | US        |     69691 | NS      | $8000526.80   | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Nasdaq Inc                                   | Nasdaq Inc                                                                  | CUSIP: 631103108<br>LEI: 549300L8X1Q78ERXFD06 | Long             | EC               | CORP              | US        |     70035 | NS      | $6802499.55   | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Natera Inc                                   | Natera Inc                                                                  | CUSIP: 632307104<br>LEI: 529900CQ3OZ0A0VYVU59 | Long             | EC               | CORP              | US        |     99190 | NS      | $22723437.10  | 0.67%             |  |  |  | No            |                  1 | On Loan: No      |
| Netskope Inc                                 | Netskope Inc                                                                | CUSIP: 64119N608<br>LEI: 254900CS525VJG6KO570 | Long             | EC               | CORP              | US        |    157377 | NS      | $2760392.58   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| New York Times Co/The                        | New York Times Co/The                                                       | CUSIP: 650111107<br>LEI: 529900J1WEMMIW7BOH57 | Long             | EC               | CORP              | US        |    419900 | NS      | $29149458.00  | 0.86%             |  |  |  | No            |                  1 | On Loan: No      |
| Nuvalent Inc                                 | Nuvalent Inc                                                                | CUSIP: 670703107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     24303 | NS      | $2444638.77   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Old Dominion Freight Line Inc                | Old Dominion Freight Line Inc                                               | CUSIP: 679580100<br>LEI: 5299009TWK32WE417T96 | Long             | EC               | CORP              | US        |    181100 | NS      | $28396480.00  | 0.84%             |  |  |  | No            |                  1 | On Loan: No      |
| Onestream Inc                                | Onestream Inc                                                               | CUSIP: 68278B107<br>LEI: 254900CRBCHIYDC37W82 | Long             | EC               | CORP              | US        |    287319 | NS      | $5280923.22   | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| PTC Inc                                      | PTC Inc                                                                     | CUSIP: 69370C100<br>LEI: 54930050SSMU8SKDJ030 | Long             | EC               | CORP              | US        |    299706 | NS      | $52211782.26  | 1.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Paylocity Holding Corp                       | Paylocity Holding Corp                                                      | CUSIP: 70438V106<br>LEI: 549300VH75FTB4DIEE07 | Long             | EC               | CORP              | US        |    182625 | NS      | $27850312.50  | 0.82%             |  |  |  | No            |                  1 | On Loan: No      |
| Permian Resources Corp                       | Permian Resources Corp                                                      | CUSIP: 71424F105<br>LEI: 529900NXUJPOKU7OJ511 | Long             | EC               | CORP              | US        |    353818 | NS      | $4964066.54   | 0.15%             |  |  |  | No            |                  1 | On Loan: —       |
| Planet Fitness Inc                           | Planet Fitness Inc                                                          | CUSIP: 72703H101<br>LEI: 549300LLE5HUPF6H8G33 | Long             | EC               | CORP              | US        |    340500 | NS      | $36934035.00  | 1.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Pool Corp                                    | Pool Corp                                                                   | CUSIP: 73278L105<br>LEI: 5493005VZK1KMN6CO617 | Long             | EC               | CORP              | US        |     92000 | NS      | $21045000.00  | 0.62%             |  |  |  | No            |                  1 | On Loan: No      |
| Pure Storage Inc                             | Pure Storage Inc                                                            | CUSIP: 74624M102<br>LEI: 549300NPDB0BZTK3WO90 | Long             | EC               | CORP              | US        |    305230 | NS      | $20453462.30  | 0.60%             |  |  |  | No            |                  1 | On Loan: No      |
| Quanta Services Inc                          | Quanta Services Inc                                                         | CUSIP: 74762E102<br>LEI: SHVRXXEACT60MMH07S24 | Long             | EC               | CORP              | US        |     57389 | NS      | $24221601.34  | 0.72%             |  |  |  | No            |                  1 | On Loan: No      |
| RB Global Inc                                | RB Global Inc                                                               | CUSIP: 74935Q107<br>LEI: 5493002H8U24DJXQ4886 | Long             | EC               | CORP              | CA        |    111100 | NS      | $11428857.00  | 0.34%             |  |  |  | No            |                  1 | On Loan: —       |
| Ralliant Corp                                | Ralliant Corp                                                               | CUSIP: 750940108<br>LEI: 52990024QKO4DYT8N464 | Long             | EC               | CORP              | US        |    140871 | NS      | $7171742.61   | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Raymond James Financial Inc                  | Raymond James Financial Inc                                                 | CUSIP: 754730109<br>LEI: RGUZHJ05YTITL6D76949 | Long             | EC               | CORP              | US        |    167300 | NS      | $26866707.00  | 0.79%             |  |  |  | No            |                  1 | On Loan: No      |
| RBC Bearings Inc                             | RBC Bearings Inc                                                            | CUSIP: 75524B104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     27518 | NS      | $12339896.74  | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Reddit Inc                                   | Reddit Inc                                                                  | CUSIP: 75734B100<br>LEI: 529900APN1YHPBHPI679 | Long             | EC               | CORP              | US        |    120541 | NS      | $27708759.67  | 0.82%             |  |  |  | No            |                  1 | On Loan: No      |
| T. Rowe Price Treasury Reserve Fund          | T. Rowe Price Treasury Reserve Fund                                         | CUSIP: 76105Y208<br>LEI: 5493007QR86JJLYO6D96 | Long             | STIV             | RF                | US        |         4 | NS      | $4.30         | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| T. Rowe Price Treasury Reserve Fund          | T. Rowe Price Treasury Reserve Fund                                         | CUSIP: 76105Y208<br>LEI: 5493007QR86JJLYO6D96 | Long             | STIV             | RF                | US        |        10 | NS      | $10.24        | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| T. Rowe Price Treasury Reserve Fund          | T. Rowe Price Treasury Reserve Fund                                         | CUSIP: 76105Y208<br>LEI: 5493007QR86JJLYO6D96 | Long             | STIV             | RF                | US        |        12 | NS      | $11.63        | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| T. Rowe Price Treasury Reserve Fund          | T. Rowe Price Treasury Reserve Fund                                         | CUSIP: 76105Y208<br>LEI: 5493007QR86JJLYO6D96 | Long             | STIV             | RF                | US        |         3 | NS      | $2.80         | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| T. Rowe Price Treasury Reserve Fund          | T. Rowe Price Treasury Reserve Fund                                         | CUSIP: 76105Y208<br>LEI: 5493007QR86JJLYO6D96 | Long             | STIV             | RF                | US        |       355 | NS      | $354.59       | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| ResMed Inc                                   | ResMed Inc                                                                  | CUSIP: 761152107<br>LEI: 529900T3QE5253CCXF22 | Long             | EC               | CORP              | US        |     31659 | NS      | $7625703.33   | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Revolution Medicines Inc                     | Revolution Medicines Inc                                                    | CUSIP: 76155X100<br>LEI: 549300JU3X0LBCQ65892 | Long             | EC               | CORP              | US        |     86100 | NS      | $6857865.00   | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| ROBLOX Corp                                  | ROBLOX Corp                                                                 | CUSIP: 771049103<br>LEI: 529900ANZDBDFU91SO19 | Long             | EC               | CORP              | US        |    114661 | NS      | $9290980.83   | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Rocket Lab Corp                              | Rocket Lab Corp                                                             | CUSIP: 773121108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    186612 | NS      | $13018053.12  | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Rollins Inc                                  | Rollins Inc                                                                 | CUSIP: 775711104<br>LEI: 549300F2A0BXT4SGWD84 | Long             | EC               | CORP              | US        |    175198 | NS      | $10515383.96  | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Ross Stores Inc                              | Ross Stores Inc                                                             | CUSIP: 778296103<br>LEI: 549300ENZFLPGRDFZQ60 | Long             | EC               | CORP              | US        |    150229 | NS      | $27062252.06  | 0.80%             |  |  |  | No            |                  1 | On Loan: No      |
| Ryan Specialty Holdings Inc                  | Ryan Specialty Holdings Inc                                                 | CUSIP: 78351F107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    183678 | NS      | $9483295.14   | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Service Corp International/US                | Service Corp International/US                                               | CUSIP: 817565104<br>LEI: 549300RKVM2ME20JHZ15 | Long             | EC               | CORP              | US        |    228200 | NS      | $17792754.00  | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| QXO Inc                                      | QXO Inc                                                                     | CUSIP: 82846H405<br>LEI: 549300HDXQWWCBOYXP31 | Long             | EC               | CORP              | US        |    356330 | NS      | $6873605.70   | 0.20%             |  |  |  | No            |                  1 | On Loan: —       |
| Snowflake Inc                                | Snowflake Inc                                                               | CUSIP: 833445109<br>LEI: 254900CJNSY1K7T53Z16 | Long             | EC               | CORP              | US        |     46524 | NS      | $10205504.64  | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Block Inc                                    | Block Inc                                                                   | CUSIP: 852234103<br>LEI: 549300OHIIUWSTIZME52 | Long             | EC               | CORP              | US        |     75427 | NS      | $4909543.43   | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| StandardAero Inc                             | StandardAero Inc                                                            | CUSIP: 85423L103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    507618 | NS      | $14558484.24  | 0.43%             |  |  |  | No            |                  1 | On Loan: —       |
| Fixed Income Clearing Corp                   | FIXED INC CLEARING CORP.REPO                                                | CUSIP: 000000000<br>LEI: 549300H47WTHXPU08X20 | Long             | RA               | CORP              | US        |  81613457 | PA      | $81613457.26  | 2.41%             |  |  |  | No            |                  2 | On Loan: No      |
| TPG Inc                                      | TPG Inc                                                                     | CUSIP: 872657101<br>LEI: 549300NLO4R8MX77XJ02 | Long             | EC               | CORP              | US        |    154878 | NS      | $9887411.52   | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Teleflex Inc                                 | Teleflex Inc                                                                | CUSIP: 879369106<br>LEI: UUL85LWXB4NGSWWXIQ25 | Long             | EC               | CORP              | US        |    213800 | NS      | $26092152.00  | 0.77%             |  |  |  | No            |                  1 | On Loan: No      |
| Teradyne Inc                                 | Teradyne Inc                                                                | CUSIP: 880770102<br>LEI: C3X4YJ278QNZHRJULN75 | Long             | EC               | CORP              | US        |    208706 | NS      | $40397133.36  | 1.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Texas Roadhouse Inc                          | Texas Roadhouse Inc                                                         | CUSIP: 882681109<br>LEI: 5299002Y1CNRPDGXTQ75 | Long             | EC               | CORP              | US        |    104400 | NS      | $17330400.00  | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Textron Inc                                  | Textron Inc                                                                 | CUSIP: 883203101<br>LEI: 3PPKBHUG1HD6BO7RNR87 | Long             | EC               | CORP              | US        |    345000 | NS      | $30073650.00  | 0.89%             |  |  |  | No            |                  1 | On Loan: No      |
| Trade Desk Inc/The                           | Trade Desk Inc/The                                                          | CUSIP: 88339J105<br>LEI: 549300GXPD31VT3E0P46 | Long             | EC               | CORP              | US        |    210327 | NS      | $7984012.92   | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Toast Inc                                    | Toast Inc                                                                   | CUSIP: 888787108<br>LEI: 549300TN1PZNLCD4I551 | Long             | EC               | CORP              | US        |    342600 | NS      | $12165726.00  | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| TopBuild Corp                                | TopBuild Corp                                                               | CUSIP: 89055F103<br>LEI: 5493007YSKHOL4RWII46 | Long             | EC               | CORP              | US        |     28800 | NS      | $12015072.00  | 0.35%             |  |  |  | No            |                  1 | On Loan: —       |
| Tractor Supply Co                            | Tractor Supply Co                                                           | CUSIP: 892356106<br>LEI: 549300OJ9VZHZRO6I137 | Long             | EC               | CORP              | US        |    212177 | NS      | $10610971.77  | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Tradeweb Markets Inc                         | Tradeweb Markets Inc                                                        | CUSIP: 892672106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    139500 | NS      | $15001830.00  | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| TransUnion                                   | TransUnion                                                                  | CUSIP: 89400J107<br>LEI: 549300ZS772LUNUMRB03 | Long             | EC               | CORP              | US        |    416593 | NS      | $35722849.75  | 1.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Twilio Inc                                   | Twilio Inc                                                                  | CUSIP: 90138F102<br>LEI: 5493004W8TRGD63APX93 | Long             | EC               | CORP              | US        |     23844 | NS      | $3391570.56   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Tyler Technologies Inc                       | Tyler Technologies Inc                                                      | CUSIP: 902252105<br>LEI: 25490040SMU4Z8LBCW70 | Long             | EC               | CORP              | US        |     91600 | NS      | $41581820.00  | 1.23%             |  |  |  | No            |                  1 | On Loan: No      |
| UL Solutions Inc                             | UL Solutions Inc                                                            | CUSIP: 903731107<br>LEI: 549300F7CUV5ESKV9P71 | Long             | EC               | CORP              | US        |    209483 | NS      | $16519829.38  | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Ulta Beauty Inc                              | Ulta Beauty Inc                                                             | CUSIP: 90384S303<br>LEI: 529900CIV6HN8M28YM82 | Long             | EC               | CORP              | US        |     48003 | NS      | $29042295.03  | 0.86%             |  |  |  | No            |                  1 | On Loan: No      |
| United Therapeutics Corp                     | United Therapeutics Corp                                                    | CUSIP: 91307C102<br>LEI: 5299005C4HZL4UWROC14 | Long             | EC               | CORP              | US        |     27117 | NS      | $13212758.25  | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Unity Software Inc                           | Unity Software Inc                                                          | CUSIP: 91332U101<br>LEI: 549300D1ESJMGNQNG432 | Long             | EC               | CORP              | US        |    387319 | NS      | $17107880.23  | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Vaxcyte Inc                                  | Vaxcyte Inc                                                                 | CUSIP: 92243G108<br>LEI: 254900M7NMHTGASX8D95 | Long             | EC               | CORP              | US        |    184071 | NS      | $8493035.94   | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Veeva Systems Inc                            | Veeva Systems Inc                                                           | CUSIP: 922475108<br>LEI: 549300YZEXPDB92M2F02 | Long             | EC               | CORP              | US        |    208034 | NS      | $46439429.82  | 1.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Veralto Corp                                 | Veralto Corp                                                                | CUSIP: 92338C103<br>LEI: 635400FJE6GSOJUSNY27 | Long             | EC               | CORP              | US        |    252000 | NS      | $25144560.00  | 0.74%             |  |  |  | No            |                  1 | On Loan: No      |
| Vertiv Holdings Co                           | Vertiv Holdings Co                                                          | CUSIP: 92537N108<br>LEI: 549300KTTIRAOGXCRV69 | Long             | EC               | CORP              | US        |     21110 | NS      | $3420031.10   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Vistra Corp                                  | Vistra Corp                                                                 | CUSIP: 92840M102<br>LEI: 549300KP43CPCUJOOG15 | Long             | EC               | CORP              | US        |    115288 | NS      | $18599413.04  | 0.55%             |  |  |  | No            |                  1 | On Loan: No      |
| Waste Connections Inc                        | Waste Connections Inc                                                       | CUSIP: 94106B101<br>LEI: 549300HDLRTPBQU69P29 | Long             | EC               | CORP              | CA        |     31317 | NS      | $5491749.12   | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| West Pharmaceutical Services Inc             | West Pharmaceutical Services Inc                                            | CUSIP: 955306105<br>LEI: 5493007NKRGM1RJQ1P16 | Long             | EC               | CORP              | US        |     53700 | NS      | $14775018.00  | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Wingstop Inc                                 | Wingstop Inc                                                                | CUSIP: 974155103<br>LEI: 549300SSH3F8HPIM3Q47 | Long             | EC               | CORP              | US        |     68952 | NS      | $16444362.48  | 0.49%             |  |  |  | No            |                  1 | On Loan: —       |
| Wyndham Hotels & Resorts Inc                 | Wyndham Hotels & Resorts Inc                                                | CUSIP: 98311A105<br>LEI: 549300FE3MQ4RVXXC673 | Long             | EC               | CORP              | US        |    174900 | NS      | $13215444.00  | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| XPO Inc                                      | XPO Inc                                                                     | CUSIP: 983793100<br>LEI: 54930096DB9LCLPN7H13 | Long             | EC               | CORP              | US        |    343681 | NS      | $46709684.71  | 1.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Yum! Brands Inc                              | Yum! Brands Inc                                                             | CUSIP: 988498101<br>LEI: 549300JE8XHZZ7OHN517 | Long             | EC               | CORP              | US        |    327059 | NS      | $49477485.52  | 1.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Zscaler Inc                                  | Zscaler Inc                                                                 | CUSIP: 98980G102<br>LEI: 529900MZ0RTK1BWRNF46 | Long             | EC               | CORP              | US        |    123231 | NS      | $27717116.52  | 0.82%             |  |  |  | No            |                  1 | On Loan: No      |
| Zoom Communications Inc                      | Zoom Communications Inc                                                     | CUSIP: 98980L101<br>LEI: 549300T9GCHU0ODOM055 | Long             | EC               | CORP              | US        |    228200 | NS      | $19691378.00  | 0.58%             |  |  |  | No            |                  1 | On Loan: No      |
| State Street Global Advisors                 | State Street Navigator Securities Lending Government Money Market Portfolio | CUSIP: 857509301<br>LEI: 5493008BJIBKQ5KTIF74 | Long             | STIV             | RF                | US        |   3230812 | NS      | $3230812.00   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Aon PLC                                      | Aon PLC                                                                     | CUSIP: 000000000<br>LEI: 635400FALWQYX5E6QC64 | Long             | EC               | CORP              | IE        |     24847 | NS      | $8768009.36   | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Bullish                                      | Bullish                                                                     | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | KY        |     35200 | NS      | $1333024.00   | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| FTAI Aviation Ltd                            | FTAI Aviation Ltd                                                           | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | KY        |    132026 | NS      | $25989318.10  | 0.77%             |  |  |  | No            |                  1 | On Loan: No      |
| STERIS PLC                                   | STERIS PLC                                                                  | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | IE        |     25283 | NS      | $6409746.16   | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| TechnipFMC PLC                               | TechnipFMC PLC                                                              | CUSIP: 000000000<br>LEI: 549300D5I93QWCJTCK36 | Long             | EC               | CORP              | GB        |    821034 | NS      | $36585275.04  | 1.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Viking Holdings Ltd                          | Viking Holdings Ltd                                                         | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | BM        |    613768 | NS      | $43829172.88  | 1.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Alcon AG                                     | Alcon AG                                                                    | CUSIP: 000000000<br>LEI: 549300LDT5AP8S0NBM78 | Long             | EC               | CORP              | CH        |    173138 | NS      | $13645005.78  | 0.40%             |  |  |  | No            |                  1 | On Loan: —       |
| CRISPR Therapeutics AG                       | CRISPR Therapeutics AG                                                      | CUSIP: 000000000<br>LEI: 506700O6IRRIQLT3W370 | Long             | EC               | CORP              | CH        |    112414 | NS      | $5894990.16   | 0.17%             |  |  |  | No            |                  1 | On Loan: —       |
| On Holding AG                                | On Holding AG                                                               | CUSIP: 000000000<br>LEI: 506700FB3467B9W95526 | Long             | EC               | CORP              | CH        |    213895 | NS      | $9941839.60   | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Sportradar Group AG                          | Sportradar Group AG                                                         | CUSIP: 000000000<br>LEI: 549300H1P33YOAT7Z533 | Long             | EC               | CORP              | CH        |    435000 | NS      | $10339950.00  | 0.31%             |  |  |  | No            |                  1 | On Loan: —       |
| Birkenstock Holding Plc                      | Birkenstock Holding Plc                                                     | CUSIP: 000000000<br>LEI: 529900CQ8LQKQ7LIT631 | Long             | EC               | CORP              | JE        |    464958 | NS      | $19016782.20  | 0.56%             |  |  |  | No            |                  1 | On Loan: —       |
| Monday.com Ltd                               | Monday.com Ltd                                                              | CUSIP: 000000000<br>LEI: 984500MDAFVD86E3B328 | Long             | EC               | CORP              | IL        |     59600 | NS      | $8794576.00   | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| NXP Semiconductors NV                        | NXP Semiconductors NV                                                       | CUSIP: 000000000<br>LEI: 724500M9BY5293JDF951 | Long             | EC               | CORP              | NL        |    124066 | NS      | $26929765.96  | 0.80%             |  |  |  | No            |                  1 | On Loan: No      |
| Royal Caribbean Cruises Ltd                  | Royal Caribbean Cruises Ltd                                                 | CUSIP: 000000000<br>LEI: K2NEH8QNVW44JIWK7Z55 | Long             | EC               | CORP              | LR        |     93550 | NS      | $26092966.00  | 0.77%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2026-01-27

**Name of Applicant:** MASSMUTUAL SELECT FUNDS

**Signature:** Renee Hitchcock

**Name of Signer:** Renee Hitchcock

**Title:** CFO and Treasurer