Quarterly Schedule of Portfolio Holdings of a Management Investment Company — Form N-Q
Filing Table of Contents
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1: N-Q Metlife Investment Funds, Inc. Form N-Q for Period 138± 540K
Ending 9/30/06
2: EX-99.CERT Certifications 4 14K
N-Q — Metlife Investment Funds, Inc. Form N-Q for Period Ending 9/30/06
Document Table of Contents
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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
-----------------
FORM N-Q
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QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED
MANAGEMENT INVESTMENT COMPANY
Investment Company Act file number: 811-7450
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MetLife Investment Funds, Inc.
(Exact name of registrant as specified in charter)
-----------------
400 Atrium Drive,
Somerset, NJ, 08873-4172
(Address of principal executive offices) (Zip code)
(Name and Address of Agent for Copy to:
Service)
Alan C. Leland Christopher E. Palmer
President Goodwin Procter LLP
MetLife Investment Funds, Inc. 901 New York Avenue, N.W.
400 Atrium Drive Washington, D.C. 20001
Somerset, New Jersey 08873
Registrant's telephone number, including area code: 732-514-2000
Date of fiscal year end: December 31
Date of reporting period: September 30, 2006
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Item 1. Schedule of Investments.
The Registrant's schedule of investments as of the close of the
reporting period prepared pursuant to Rule 12-12 of Regulation S-X is
as follows:
Portfolio of Investments
MetLife Investment Funds, Inc. / International Stock Fund / September 30, 2006
(Unaudited)
Shares Value
----------------------------------------------------------------------------
COMMON STOCKS - 97.7%
AUSTRALIA - 1.9%
6,578 Alinta Ltd. # 55,861
35,206 AMP Ltd. # 234,473
8,886 Ansell Ltd. 70,163
12,913 APN News & Media Ltd. # 48,916
33,677 Australia & New Zealand Banking Group Ltd. # 673,070
4,522 Australian Gas Light Co. Ltd. # 72,443
2,822 Australian Stock Exchange Ltd. 68,354
20,155 AXA Asia Pacific Holdings Ltd. 98,020
5,234 Babcock & Brown Ltd. 78,777
57,495 BHP Billiton Ltd. 1,090,097
16,967 BlueScope Steel Ltd. # 81,931
4,383 Boral Ltd. 23,670
16,640 Brambles Industries Ltd. # 158,593
11,515 Caltex Australia Ltd. 205,581
35,385 Centro Properties Group 212,266
8,476 Coca-Cola Amatil Ltd. 42,262
916 Cochlear Ltd. 36,175
18,925 Coles Myer Ltd. 202,974
24,903 Commonwealth Bank of Australia 848,785
930 CSL Ltd. 37,422
13,914 CSR Ltd. 30,993
24,320 David Jones Ltd. 63,411
137,645 DB RREEF Trust 164,193
13,513 Downer EDI Ltd. 60,357
38,736 Foster's Group Ltd. 185,779
18,642 General Property Trust 65,329
40,338 Goodman Fielder Ltd. 64,950
9,205 Harvey Norman Holdings Ltd. # 24,284
85,767 ING Industrial Fund 151,168
25,125 Investa Property Group 46,165
15,656 Just Group Ltd. # 43,681
10,796 Leighton Holdings Ltd. # 155,987
5,825 Lend Lease Corp. Ltd. 69,530
490,329 Macquarie Airports 1,122,241
5,268 Macquarie Bank Ltd. # 271,448
14,595 Macquarie Goodman Group # 70,847
32,424 Macquarie Infrastructure Group 77,289
183,255 Macquarie Office Trust 204,246
14,253 Mirvac Group REIT 50,335
16,429 National Australia Bank Ltd. 450,847
7,122 Orica Ltd. 119,208
41,939 Oxiana Ltd. 91,878
47,001 Pacific Brands Ltd. 88,781
16,414 Promina Group Ltd. 72,544
53,030 Qantas Airways Ltd. 154,929
24,601 QBE Insurance Group Ltd. 448,910
8,946 Rinker Group Ltd. 92,844
6,408 Rio Tinto Ltd. # 336,524
30,167 Santos Ltd. 253,272
16,031 Suncorp-Metway Ltd. 262,133
92,136 Telstra Corp. Ltd. # 254,909
2,006 UNiTAB Ltd. #* 22,302
2,272 United Group Ltd. 24,122
2,357 West Australian Newspapers Holdings Ltd. 15,929
7,245 Westfield Group 101,640
15,216 Westpac Banking Corp. #* 257,394
3,146 Woodside Petroleum Ltd. 92,615
15,708 Woolworths Ltd. 237,051
21,805 Zinifex Ltd. 190,222
----------
10,830,120
----------
AUSTRIA - 0.4%
47,145 OMV AG 2,460,184
----------
2,460,184
----------
BELGIUM - 1.6%
17,050 Delhaize Group 1,432,205
57,161 Fortis 2,315,756
132,769 Fortis 5,385,263
----------
9,133,224
----------
BERMUDA - 0.1%
15,000 Esprit Holdings Ltd. 135,986
32,200 Li & Fung Ltd. 79,494
16,000 Orient Overseas International Ltd. 64,773
20,000 Shangri-La Asia Ltd. 44,147
44,000 Texwinca Holdings Ltd. 28,710
16,000 Yue Yuen Industrial Holdings 49,276
----------
402,386
----------
CANADA - 1.7%
28,100 Canadian Natural Resources Ltd. 1,283,549
103,100 Gerdau Ameristeel Corp. 938,365
33,000 ING Canada, Inc. 1,649,408
6,500 IPSCO, Inc. 564,728
34,600 Manulife Financial Corp. # 1,116,930
16,600 Nexen, Inc. 889,392
32,400 Teck Cominco Ltd. Class B 2,268,000
22,400 TELUS Corp. 1,257,389
----------
9,967,761
----------
CAYMAN ISLANDS - 0.1%
2,500 ASM Pacific Technology Ltd. # 13,024
143,000 Far East Consortium International Ltd. 59,086
11,000 Foxconn International Holdings Ltd. * 33,893
22,000 Kingboard Chemical Holdings Ltd. 79,613
13,300 Subsea 7, Inc. * 216,842
----------
402,458
----------
CHINA - 0.1%
944,000 Air China Ltd. 407,007
----------
407,007
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DENMARK - 0.3%
16,767 Novo-Nordisk A/S 1,246,543
3,032 Novo-Nordisk A/S Class B 225,166
----------
1,471,709
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1
Portfolio of Investments
MetLife Investment Funds, Inc. / International Stock Fund / September 30, 2006
(Unaudited) (continued)
Shares Value
----------------------------------------------------------------------------
FINLAND - 1.0%
13,900 Metso Corp. OYJ 510,713
162,613 Nokia OYJ 3,201,229
92,900 Sampo OYJ Class A # 1,935,530
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5,647,472
----------
FRANCE - 11.2%
28,837 Air France-KLM # 868,899
136,021 Alcatel SA # 1,659,310
76,362 BNP Paribas SA # 8,209,911
5,600 Bouygues SA # 299,317
22,369 Cap Gemini SA # 1,184,819
37,531 Carrefour SA* # 2,370,791
23,374 Casino Guichard-Perrachon et Compagnie SA # 1,882,878
6,974 Christian Dior 725,422
50,141 Compagnie de Saint Gobain SA # 3,633,228
79,609 Credit Agricole SA # 3,494,115
123,034 France Telecom SA # 2,821,570
348 Nexans SA 30,052
14,374 Pinault-Printemps-Redoute SA # 2,129,227
39,100 Renault SA # 4,481,306
64,583 Sanofi-Aventis # 5,746,821
42,316 Societe Generale # 6,726,456
82,322 Suez SA # 3,617,063
159,540 Total SA # 10,518,471
3,165 Unibail REIT 665,716
1,927 Vallourec SA # 448,170
3,369 Vinci SA 375,024
91,546 Vivendi SA # 3,295,439
----------
65,184,005
----------
GERMANY - 9.9%
16,708 Adidas-Salomon AG 787,304
39,951 Allianz AG 6,930,429
13,277 Altana AG # 733,261
34,020 BASF AG 2,723,320
36,492 Bayer AG 1,863,030
6,300 Celesio AG 328,348
39,400 Continental AG 4,564,672
32,428 Deutsche Bank AG # 3,910,385
73,500 Deutsche Lufthansa AG 1,556,273
13,371 Deutsche Postbank AG 1,014,061
46,484 E.ON AG 5,523,405
28,900 Epcos AG #* 439,980
14,300 Fresenius Medical Care AG 1,859,353
46,311 Infineon Technologies AG * 548,761
25,007 KarstadtQuelle AG * 594,140
8,800 MAN AG 744,069
23,239 Metro AG 1,357,515
40,700 Muenchener Rueckversicherungs-Gesellschaft AG 6,432,500
54,132 RWE AG 4,990,971
7,697 Salzgitter AG 722,352
13,851 SAP AG # 2,745,077
35,799 Siemens AG # 3,119,973
45,095 ThyssenKrupp AG # 1,522,161
69,200 TUI AG # 1,427,835
18,138 Volkswagen AG # 1,547,533
771 Wacker Chemie AG * 90,893
----------
58,077,601
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GREAT BRITAIN - 21.6%
121,379 AstraZeneca PLC 7,584,338
196,200 Aviva PLC 2,872,265
8,998 AWG PLC 259,802
532,714 BAE Systems PLC 3,936,859
550,456 Barclays PLC 6,934,707
44,719 Berkeley Group Holdings PLC * 1,124,064
440,976 BP PLC 4,817,427
219,480 British Airways PLC * 1,751,688
91,180 British American Tobacco PLC 2,462,475
532,446 BT Group PLC 2,682,152
231,751 Cable & Wireless PLC 600,238
168,733 Cadbury Schweppes PLC 1,788,799
19,434 Carnival PLC 928,465
5,695 Charter PLC * 90,917
12,884 Corus Group PLC 93,427
44,454 Countrywide PLC 435,384
27,333 CSR PLC * 430,398
100,152 EMI Group PLC 498,796
148,285 First Choice Holidays PLC 552,963
557,000 Friends Provident PLC 2,015,065
4,793 Gallaher Group PLC 78,996
301,905 GlaxoSmithKline PLC 8,034,087
200,500 HBOS PLC 3,962,976
119,437 HSBC Holdings PLC 2,176,819
137 HSBC Holdings PLC (HKD) 2,498
298,184 Imperial Chemical Industries PLC 2,214,402
67,879 Imperial Tobacco Group PLC 2,259,900
197,467 ITV PLC 357,232
707,587 J Sainsbury PLC 4,968,769
140,436 Kesa Electricals PLC 857,160
347,237 Kingfisher PLC 1,592,567
101,250 Land Securities Group PLC 3,725,961
205,043 Lloyds TSB Group PLC 2,068,524
89,441 Marks & Spencer Group PLC 1,074,637
159,764 Mitchells & Butlers PLC 1,760,139
121,890 National Grid PLC 1,521,746
199,577 Premier Farnell PLC 675,328
186,714 Prudential PLC 2,315,351
98,300 Punch Taverns PLC 1,781,817
29,989 Reckitt Benckiser PLC 1,241,616
54,378 Rio Tinto PLC 2,577,769
286,943 Rolls-Royce Group PLC * 2,429,692
604,047 Royal & Sun Alliance Insurance Group PLC 1,686,523
181,985 Royal Bank of Scotland Group PLC 6,256,765
2
Portfolio of Investments
MetLife Investment Funds, Inc. / International Stock Fund / September 30, 2006
(Unaudited) (continued)
Shares Value
------------------------------------------------------------------------------
70,237 Royal Dutch Shell PLC Class A 2,314,730
207,077 Royal Dutch Shell PLC Class A (EUR) 6,822,694
83,623 Royal Dutch Shell PLC Class B 2,850,540
85,896 Smiths Group PLC 1,440,141
120,719 Tate & Lyle PLC 1,624,232
214,200 Taylor Woodrow PLC 1,419,976
171,600 TI Automotive Ltd. Class A (a) 0
55,838 Tomkins PLC 247,047
40,664 Unilever PLC 1,001,499
34,911 United Utilities PLC 460,592
1,682,627 Vodafone Group PLC 3,846,105
69,234 Whitbread PLC 1,675,788
31,286 William Hill PLC 376,286
296,942 WM Morrison Supermarkets PLC 1,346,489
853,512 Woolworths Group PLC 566,521
17,915 WS Atkins PLC 292,771
55,110 Xstrata PLC # 2,272,363
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126,039,277
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GREECE - 0.3%
83,669 Hellenic Telecommunication Organisation SA * 2,047,986
-----------
2,047,986
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HONG KONG - 0.6%
15,200 Bank of East Asia Ltd. 69,050
86,500 BOC Hong Kong (Holdings) Ltd. # 194,472
27,000 Cheung Kong (Holdings) Ltd. 289,825
16,000 China Mobile Ltd. # 113,318
37,500 CLP Holdings Ltd. 227,381
28,000 Hang Lung Properties Ltd. 59,714
13,000 Hang Seng Bank Ltd. # 164,072
5,000 Henderson Land Development Co. Ltd. # 28,043
31,000 Hong Kong & China Gas Ltd. # 72,722
34,000 Hong Kong Electric Holdings Ltd. 158,604
10,000 Hong Kong Exchanges & Clearing Ltd. 73,064
19,000 Hopewell Holdings Ltd. 53,817
30,000 Hutchison Whampoa Ltd. 264,235
13,500 Link REIT 28,100
40,000 New World Develepment Co. Ltd. # 69,077
58,000 PCCW Ltd. # 35,288
604,634 Sino Land Co. Ltd. # 1,072,162
20,000 Sun Hung Kai Properties Ltd. 218,020
14,700 Swire Pacific Ltd. 153,220
5,000 Television Broadcasts Ltd. 26,949
30,000 Wharf (Holdings) Ltd. 103,168
4,400 Wing Lung Bank Ltd. 43,339
-----------
3,517,640
-----------
IRELAND - 0.4%
52,892 Anglo Irish Bank Corp. PLC 868,384
28,300 Bank of Ireland 553,426
73,396 C&C Group PLC 993,101
-----------
2,414,911
-----------
ITALY - 3.3%
54,230 Assicurazioni Generali SpA # 2,027,563
21,158 Autogrill SpA 336,672
15,000 Buzzi Unicem SpA 354,513
251,493 Enel SpA # 2,293,975
317,704 ENI SpA # 9,444,517
18,805 Fiat SpA 299,425
34,900 Fondiaria-Sai SpA 1,529,790
57,700 Italcementi SpA # 1,460,331
42,664 UniCredito Italiano SpA 353,799
151,309 UniCredito Italiano SpA new 1,248,754
-----------
19,349,339
-----------
JAPAN - 26.4%
2,400 Acom Co. Ltd. # 102,329
10,500 Aeon Co. Ltd. # 258,459
17,000 Aioi Insurance Co. Ltd. 116,853
28,000 Amada Co. Ltd. 282,234
4,500 Aoyama Trading Co. Ltd. # 143,467
18,100 Asahi Breweries Ltd. 264,451
39,000 Asahi Kasei Corp. # 250,663
5,800 Astellas Pharma, Inc. # 233,899
2,800 Autobacs Seven Co. Ltd. # 105,200
42,000 Bank of Yokohama Ltd. 332,279
78,600 Bridgestone Corp. 1,594,939
20,000 Brother Industries Ltd. 251,140
26,000 Calsonic Kansei Corp. 163,443
99,899 Canon, Inc. 5,235,567
7,600 Capcom Co. Ltd. # 110,357
13,800 Casio Computer Co. Ltd. 279,344
28,000 Central Glass Co. Ltd. 154,942
39 Central Japan Railway Co. # 415,119
9,000 Chiba Bank Ltd. # 80,589
13,300 Chubu Electric Power Co., Inc. # 345,808
45,000 Cosmo Oil Co. Ltd. # 186,338
3,700 CSK Corp. 155,264
15,000 Dai Nippon Printing Co. Ltd. # 232,131
12,500 Daifuku Co. Ltd. 157,194
10,000 Daikyo, Inc. #* 52,531
9,000 Daio Paper Corp. # 79,836
4,800 Daito Trust Construction Co. Ltd. # 261,479
146,000 Daiwa Securities Group, Inc. # 1,713,344
78,000 Denki Kagaku Kogyo Kabushiki Kaisha # 301,809
8,500 Denso Corp. 299,855
690 East Japan Railway Co. # 4,840,090
69,300 EDION Corp. 1,193,326
6,300 Eisai Co. Ltd. # 305,719
3,300 Electric Power Development Co. Ltd. # 117,948
4,500 Fanuc Ltd. 352,776
23,700 Fast Retailing Co. Ltd. # 2,232,544
21,000 Fuji Electric Holdings Co. Ltd. 108,805
3
Portfolio of Investments
MetLife Investment Funds, Inc. / International Stock Fund / September 30, 2006
(Unaudited) (continued)
Shares Value
------------------------------------------------------------------------------
44,000 Fujitsu Ltd. # 364,402
17,000 Hankyu Department Stores, Inc. 144,282
2,000 Hisamitsu Pharmaceutical Co., Inc. 55,498
4,500 Hitachi Capital Corp. 86,120
221,000 Hitachi Ltd. # 1,289,393
120,800 Honda Motor Co. Ltd. 4,079,452
10 INPEX Holdings, Inc. * 79,712
10,300 Isetan Co. Ltd. # 174,466
262,000 Itochu Corp. 2,039,127
885 Japan Tobacco, Inc. 3,448,349
110,400 JFE Holdings, Inc. 4,344,389
43,000 Joyo Bank Ltd. 256,231
69,200 JSR Corp. 1,531,856
18,000 Kamigumi Co. Ltd. 140,732
13,200 Kansai Electric Power Co., Inc. # 304,596
32,000 Kawasaki Kisen Kaisha Ltd. # 202,772
36 KDDI Corp. # 225,161
41,000 Kenwood Corp. 77,981
5,200 Keyence Corp. 1,202,854
9,000 Kikkoman Corp. # 105,203
508,000 Kobe Steel Ltd. 1,603,869
32,000 Komatsu Ltd. # 556,528
50,000 Kubota Corp. # 412,669
22,000 KUREHA Corp. 98,810
2,700 Kyocera Corp. 232,126
40,500 Leopalace21 Corp. # 1,483,055
19,000 Maeda Road Construction Co. Ltd. 138,163
11,000 Makita Corp. 322,834
79,000 Marubeni Corp. # 395,371
78,700 Marui Co. Ltd. # 1,155,910
141,000 Matsushita Electric Industrial Co. Ltd. 2,998,275
29,000 Mazda Motor Corp. 176,607
87,500 Millea Holdings, Inc. 3,055,085
36,000 Mitsubishi Chemical Holdings Corp. # 226,157
50,000 Mitsubishi Corp. 945,152
43,000 Mitsubishi Electric Corp. 361,823
194,000 Mitsubishi Estate Co. Ltd. 4,259,370
22,000 Mitsubishi Gas Chemical Co., Inc. # 240,336
63,000 Mitsubishi Materials Corp. # 261,106
27,000 Mitsubishi Rayon Co. Ltd. # 179,208
555 Mitsubishi Tokyo Financial Group, Inc. 7,125,875
6,000 Mitsubishi UFJ Securities Co. 75,604
34,000 Mitsui & Co. Ltd. # 434,281
268,000 Mitsui Chemicals, Inc. # 1,936,999
5,000 Mitsui Fudosan Co. Ltd. REIT 114,215
38,000 Mitsui Mining & Smelting Co. Ltd. 197,028
343,000 Mitsui OSK Lines Ltd. # 2,544,798
16,000 Mitsui Sumitomo Insurance Co. Ltd. 199,680
167 Mizuho Financial Group, Inc. 1,293,949
1,400 Murata Manufacturing Co. Ltd. 97,741
35,000 NEC Corp. 193,299
11,000 NGK Spark Plug Co. Ltd. # 219,370
94,000 Nikko Cordial Corp. # 1,096,308
14,000 Nikon Corp. # 290,592
273,000 Nippon Mining Holdings, Inc. # 1,939,186
24,000 Nippon Paint Co. Ltd. 125,360
53,000 Nippon Sheet Glass Co. Ltd. 250,012
17,000 Nippon Shokubai Co. # 206,438
170,000 Nippon Steel Corp. 698,717
574 Nippon Telegraph & Telephone Corp. 2,821,517
34,000 Nippon Yusen Kabushiki Kaisha # 206,842
311,100 Nissan Motor Co. Ltd. # 3,497,732
17,000 Nisshin Oillio Group Ltd. 98,773
8,000 Nisshinbo Industries, Inc. # 84,742
205,900 Nomura Holdings, Inc. # 3,622,198
33,000 NSK Ltd. # 279,805
663 NTT Data Corp. # 3,069,966
1,139 NTT DoCoMo, Inc. # 1,757,072
30,000 Obayashi Corp. # 212,028
16,780 Orix Corp. 4,663,964
62,000 Osaka Gas Co. Ltd. # 216,782
14,000 Pacific Metals Co. Ltd. # 110,227
119,800 Pioneer Corp. # 2,118,296
84,000 Rengo Co. Ltd. # 558,433
114 Resona Holdings, Inc. 343,376
16,000 Ricoh Co. Ltd. 317,544
11,800 Sankyo Co. Ltd. # 629,783
6,300 Santen Pharmaceutical Co. Ltd. # 160,435
32,800 Secom Co. Ltd. 1,631,131
79,900 Seven & I Holdings Co. Ltd. # 2,579,934
275,000 Sharp Corp. # 4,734,433
4,500 Shimachu Co. Ltd. 132,617
36,000 Shimizu Corp. 206,581
5,700 Shin-Etsu Chemical Co. Ltd. 363,799
30,000 Shinsei Bank Ltd. 183,465
17,000 Showa Shell Sekiyu K.K. 189,908
7,400 Softbank Corp. # 154,063
5,000 Sompo Japan Insurance, Inc. 65,754
11,900 Sony Corp. 481,554
4,100 Sumco Corp. 305,089
47,000 Sumitomo Chemical Co. Ltd. # 352,564
46,000 Sumitomo Corp. # 576,402
20,600 Sumitomo Electric Industries Ltd. # 277,875
301,000 Sumitomo Heavy Industries Ltd. 2,511,461
466,000 Sumitomo Metal Industries Ltd. # 1,795,227
17,000 Sumitomo Metal Mining Co. Ltd. 224,196
828 Sumitomo Mitsui Financial Group, Inc. 8,688,313
5,000 Sumitomo Realty & Development Co. Ltd. 147,576
27,000 Sumitomo Trust and Banking Co. Ltd. # 284,053
30,100 T&D Holdings, Inc. 2,187,496
50,000 Taiheiyo Cement Corp. # 185,745
16,300 Takeda Pharmaceutical Co. Ltd. # 1,019,703
3,240 Takefuji Corp. 148,651
23,000 Tanabe Seiyaku Co. Ltd. # 289,006
16,100 TDK Corp. # 1,290,068
51,000 Teijin Ltd. # 275,917
3,400 TIS, Inc. # 80,064
4
Portfolio of Investments
MetLife Investment Funds, Inc. / International Stock Fund / September 30, 2006
(Unaudited) (continued)
Shares Value
------------------------------------------------------------------------------
25,000 Toagosei Co. Ltd. 100,277
32,000 Tobu Railway Co. Ltd. 161,908
6,200 Tohoku Electric Power Co., Inc. # 135,692
89,900 Tokyo Electric Power Co., Inc. # 2,587,114
28,800 Tokyo Electron Ltd. 2,138,674
316,000 Tokyo Gas Co. Ltd. # 1,589,348
88,000 Toshiba Corp. # 573,613
43,000 Tosoh Corp. # 175,063
12,000 Toyo Suisan Kaisha Ltd. # 173,024
132,100 Toyota Motor Corp. # 7,200,439
23,000 UNY Co. Ltd. 305,844
1,880 USS Co. Ltd. # 121,122
40 West Japan Railway Co. # 170,845
18,000 Yamaha Corp. 379,771
10,400 Yamaha Motor Co. Ltd. 276,838
32,000 Yokohama Rubber Co. Ltd. 154,191
-----------
153,982,476
-----------
KOREA - 0.0%
13,309 Lotte Shopping Co. Ltd. GDR (b)* 232,641
-----------
232,641
-----------
NETHERLANDS - 6.4%
111,400 ABN AMRO Holding NV # 3,244,205
81,629 Aegon NV 1,528,098
29,239 Akzo Nobel NV 1,799,772
15,678 ASML Holding NV * 364,565
80,697 European Aeronautic Defence and Space Co. NV # 2,317,014
313,888 ING Groep NV 13,780,235
82,065 Mittal Steel Co. NV 2,864,484
9,695 Randstad Holding NV 551,165
454,646 Royal KPN NV 5,794,081
93,384 Royal Philips Electronics NV 3,269,480
20,525 Unilever NV 504,364
56,800 Wolters Kluwer NV 1,478,502
-----------
37,495,965
-----------
NEW ZEALAND - 0.0%
30,979 Auckland International Airport Ltd. 41,041
12,831 Kiwi Income Property Trust REIT 11,562
53,207 Telecom Corp. of New Zealand Ltd. 150,088
-----------
202,691
-----------
NORWAY - 0.9%
4,260 Aker Kvaerner ASA 381,080
17,457 Orkla ASA 830,969
350,000 Pan Fish ASA * 275,345
12,960 Petroleum Geo-Services ASA * 634,958
111,186 Statoil ASA 2,641,356
22,144 Telenor ASA 288,826
11,500 TGS Nopec Geophysical Co. ASA * 182,944
-----------
5,235,478
-----------
PORTUGAL - 0.2%
316,674 Energias de Portugal SA 1,373,304
-----------
1,373,304
-----------
SINGAPORE - 0.8%
22,000 Capitaland Ltd. 70,029
23,000 CapitaMall Trust REIT 36,828
10,000 Chartered Semiconductor Manufacturing Ltd. * 7,493
9,000 City Developments Ltd. 60,453
237,000 DBS Group Holdings Ltd. 2,868,428
21,600 Elec & Eltek International Co. Ltd. 57,454
50,000 Flextronics International Ltd. #* 632,000
10,000 Fraser and Neave Ltd. 26,002
12,000 Keppel Corp. Ltd. 111,635
23,000 Neptune Orient Lines Ltd. 29,309
36,000 Overseas-Chinese Banking Corp. Ltd. 148,348
36,000 SembCorp Industries Ltd. 75,986
7,000 SIA Engineering Co. 15,535
12,000 Singapore Airlines Ltd. * 110,452
13,000 Singapore Exchange Ltd. # 36,379
6,000 Singapore Land Ltd. # 29,572
5,000 Singapore Petroleum Co. Ltd. 14,815
23,000 Singapore Post Ltd. 14,644
23,000 Singapore Press Holdings Ltd. # 59,312
13,000 Singapore Technologies Engineering Ltd. 23,357
114,000 Singapore Telecommunications Ltd. 174,887
21,000 STATS ChipPAC Ltd. #* 12,700
29,000 Suntec REIT # 26,998
23,000 United Overseas Bank Ltd. 235,864
-----------
4,878,480
-----------
SPAIN - 3.2%
105,602 Banco Bilbao Vizcaya Argentaria SA # 2,443,667
122,772 Banco Santander Central Hispano SA 1,939,866
36,300 Endesa SA 1,545,980
18,102 Gestevision Telecinco SA 461,143
19,225 Industria de Diseno Textil SA 897,054
249,231 Repsol YPF SA # 7,413,208
245,480 Telefonica SA 4,252,854
-----------
18,953,772
-----------
SWEDEN - 1.2%
337,178 Nordea Bank AB 4,420,364
39,120 Sandvik AB 448,494
519,036 Telefon LM Ericsson AB 1,792,195
8,194 Volvo AB Class B # 489,730
-----------
7,150,783
-----------
SWITZERLAND - 4.1%
3,567 Actelion Ltd. * 511,850
98,208 Credit Suisse Group 5,675,159
6,139 Nestle SA 2,139,338
5
Portfolio of Investments
MetLife Investment Funds, Inc. / International Stock Fund / September 30, 2006
(Unaudited) (continued)
Shares Value
-------------------------------------------------------------------------------
76,232 Novartis AG 4,446,471
1,665 OC Oerlikon Corp. AG # 557,382
19,972 Roche Holding AG 3,454,937
742 Serono SA 638,725
24,288 Swiss Reinsurance 1,856,907
22,609 UBS AG 1,350,596
12,885 Zurich Financial Services AG 3,162,476
------------
23,793,841
------------
Total Common Stocks
(Cost $452,722,996) 570,652,511
------------
PREFERRED STOCKS - 0.1%
GERMANY - 0.1%
2,351 Fresenius Medical Care AG 419,951
------------
Total Preferred Stocks
(Cost $305,933) 419,951
------------
DEPOSITARY RECEIPTS - 0.1%
TELECOMMUNICATIONS - 0.1%
32,880 Nokia OYJ ADR 647,407
------------
Total Depositary Receipts
(Cost $537,259) 647,407
------------
Principal Amount Value
-------------------------------------------------------------------------------
SHORT-TERM INVESTMENTS - 1.0%
MUTUAL FUND - 1.0%
5,656,752 Goldman Sachs Prime Obligations Fund 5.221% (c) 5,656,752
------------
Total Short-Term Investments
(Cost $5,656,752) 5,656,752
------------
Total Investments - 98.9%
(Cost $459,222,940) 577,376,621
------------
Assets in excess of other liabilities - 1.1% 6,487,871
------------
Total Net Assets - 100.0% $583,864,492
============
Foot Notes to the Portfolio of Investments:
* - Non-income producing security.
# - A portion of the security was held on loan. As of September 30, 2006, the
market value of the securities loaned was $127,095,081 and the collateral
received consisted of cash in the amount of $132,835,744 and securities
with a market value of $774,678.
(a) - Represents a security which is fair-valued.
(b) - 144A securities. Securities restricted for resale to Qualified
Institutional Buyers.
(c) - Rate quoted represents the seven day yield of the Fund.
For information regarding the Fund's policy regarding valuation of investments
and other significant accounting policies, please refer to the Fund's most
recent Semiannual Report.
Security Abbreviations:
ADR--American Depositary Receipt
GDR--Global Depositary Receipt
REIT--Real Estate Investment Trust
EUR--Euro Dollar
HKD--Hong Kong Dollar
See Notes to Portfolio of Investments
MetLife Investment International Stock Fund
Summary of Total Foreign Securities by Industry Classification 9/30/06
(unaudited)
Percent of Net
Industry Value (000) Assets
-------------------------------------------------------------------------------
Aerospace & Defense 8,685 1.5%
Airlines 4,849 0.8
Apparel & Textiles 1,405 0.2
Automotive 28,769 4.9
Banking 98,010 17.0
Building & Construction 10,683 2.0
Business Services & Supplies 5,805 1.0
Chemicals 14,681 2.5
Commercial Services 1,471 0.3
Computers & Information 2,995 0.5
Cosmetics & Personal Care 725 0.1
Distribution & Wholesale 4,606 0.8
Diversified Financial Services 18,040 3.1
Diversified Operations 479 0.1
Electrical Equipment 7,547 1.3
Electronics 5,515 0.9
Entertainment & Leisure 5,174 0.9
Food, Beverage & Tobacco 31,964 5.6
Forest Products & Paper 638 0.1
Health Care 2,315 0.4
Hotels & Restaurants 1,720 0.3
Household Products 7,386 1.3
Industrial Machinery 6,335 1.1
Insurance 54,265 9.3
Internet Services & Applications 154 0.0*
Manufacturing 5,131 0.9
Metals & Mining 25,297 4.3
Multimedia 5,282 0.9
Oil & Gas 55,452 10.0
Pharmaceuticals 35,052 6.0
Real Estate 14,394 2.5
Retail 20,471 3.5
Semiconductors 4,378 0.7
Software 2,855 0.5
Telecommunications 42,797 7.3
Transportation 8,692 1.5
Utilities - Electric 21,359 4.0
Utilities - Gas 2,007 0.3
Utilities - Water 4,337 0.8
-------- ----
TOTAL $571,720 97.9%
======== ====
--------
* Percentage is less than 0.1%
6
Portfolio of Investments
MetLife Investment Funds, Inc. / Small Company Stock Fund / September 30, 2006
(Unaudited)
Shares Value
------------------------------------------------------------------------------
COMMON STOCKS - 97.9%
ADVERTISING - 1.1%
1,797 Advo, Inc. 50,280
2,926 Catalina Marketing Corp. 80,465
1,100 FTD Group, Inc. * 16,995
900 Gaiam, Inc. Class A * 11,619
3,200 Getty Images, Inc. * 158,976
3,314 Harte-Hanks, Inc. 87,324
26,200 Interpublic Group of Cos., Inc. * 259,380
123,465 inVentiv Health, Inc. #* 3,954,584
1,328 Marchex, Inc. Class B * 20,372
3,176 R.H. Donnelley Corp. 168,010
3,900 SITEL Corp. * 11,739
2,076 Valuevision Media, Inc. * 24,061
---------
4,843,805
---------
AEROSPACE & DEFENSE - 0.7%
2,105 AAR Corp. * 50,183
2,069 Alliant Techsystems, Inc. * 167,713
600 ARGON ST, Inc. * 14,382
1,784 Armor Holdings, Inc. * 102,277
4,741 BE Aerospace, Inc. * 99,988
2,738 Curtiss-Wright Corp. 83,098
2,447 DRS Technologies, Inc. 106,860
885 EDO Corp. 20,249
1,380 Esterline Technologies Corp. * 46,589
3,175 GenCorp, Inc. * 40,767
53,665 Heico Corp. # 1,840,710
669 Herley Industries, Inc. * 8,282
831 Innovative Solutions & Support, Inc. * 12,074
1,200 K&F Industries Holdings, Inc. * 22,536
1,292 Kaman Corp. 23,269
2,290 Moog, Inc. * 79,371
400 MTC Technologies, Inc. * 9,616
3,352 Orbital Sciences Corp. * 62,917
435 Sequa Corp. * 40,829
2,115 Teledyne Technologies, Inc. * 83,754
700 TransDigm Group, Inc. * 17,094
933 Triumph Group, Inc. 39,513
639 United Industrial Corp. 34,187
---------
3,006,258
---------
AIRLINES - 0.8%
5,635 Airtran Holdings, Inc. * 55,899
2,363 Alaska Air Group, Inc. * 89,889
5,391 Continental Airlines, Inc. Class B * 152,619
3,439 ExpressJet Holdings, Inc. * 22,732
2,269 Frontier Airlines Holdings, Inc. * 18,719
10,095 JetBlue Airways Corp. * 93,581
1,688 Mesa Air Group, Inc. * 13,099
2,000 Republic Airways Holdings, Inc. * 31,040
117,358 Skywest, Inc. # 2,877,618
6,200 UAL Corp. * 164,734
3,700 US Airways Group, Inc. * 164,021
---------
3,683,951
---------
APPAREL & TEXTILES - 1.4%
133,582 Carter's, Inc. #* 3,525,229
491 Cherokee, Inc. 17,976
855 Columbia Sportswear Co. * 47,735
700 Crocs, Inc. * 23,765
710 Deckers Outdoor Corp. * 33,597
1,121 G&K Services, Inc. 40,838
1,307 Guess ?, Inc. * 63,429
1,843 Gymboree Corp. * 77,738
1,189 Hartmarx Corp. * 8,050
2,100 Iconix Brand Group, Inc. * 33,810
6,600 Jones Apparel Group, Inc. 214,104
1,524 K-Swiss, Inc. # 45,811
1,621 Kellwood Co. 46,733
6,330 Liz Claiborne, Inc. 250,098
1,000 Maidenform Brands, Inc. * 19,300
857 Oxford Industries, Inc. 36,774
341 Perry Ellis International, Inc. * 10,530
3,191 Phillips-Van Heusen Corp. 133,288
7,286 Quiksilver, Inc. * 88,525
657 Skechers U.S.A., Inc. * 15,446
1,191 Steven Madden Ltd. 46,735
2,329 Stride Rite Corp. 32,513
2,900 Timberland Co. * 83,433
900 True Religion Apparel, Inc. * 18,999
679 Unifirst Corp. 21,212
2,753 Warnaco Group, Inc. * 53,243
544 Weyco Group, Inc. 12,169
46,468 Wolverine World Wide, Inc. # 1,315,509
---------
6,316,589
---------
AUTOMOTIVE - 0.4%
900 Accuride Corp. * 9,909
1,366 Aftermarket Technology Corp. * 24,260
3,237 American Axle & Manufacturing Holdings, Inc. 54,026
4,073 ArvinMeritor, Inc. 58,000
1,306 ASV, Inc. * 19,472
5,009 Autoliv, Inc. 276,046
594 Bandag, Inc. 24,378
3,458 BorgWarner, Inc. 197,694
1,300 Commercial Vehicle Group, Inc. * 25,038
3,868 Cooper Tire & Rubber Co. 38,912
750 Fuel Systems Solutions, Inc. * 9,540
10,300 Goodyear Tire & Rubber Co. * 149,350
963 Keystone Automotive Industries, Inc. * 36,613
3,800 Lear Corp. 78,660
700 Miller Industries, Inc. * 12,789
2,093 Modine Manufacturing Co. 50,923
3,876 Navistar International Corp. * 100,078
885 Noble International Ltd. 11,071
4,452 Oshkosh Truck Corp. 224,692
1
Portfolio of Investments
MetLife Investment Funds, Inc. / Small Company Stock Fund / September 30, 2006
(Unaudited) (continued)
Shares Value
------------------------------------------------------------------------------
1,550 Superior Industries International 26,025
2,491 Tenneco Automotive, Inc. * 58,265
900 Titan International, Inc. 16,272
2,477 TRW Automotive Holdings Corp. * 59,621
7,599 Visteon Corp. * 61,932
1,854 Wabash National Corp. 25,381
---------
1,648,947
---------
BANKING - 8.3%
773 1st Source Corp. 22,819
920 Alabama National Bancorp 62,790
1,256 Amcore Financial, Inc. 38,044
660 AmericanWest Bancorp 14,025
600 Ameris Bancorp 16,326
679 Arrow Financial Corp. 17,214
7,793 Associated Banc-Corp 253,272
400 Bancfirst Corp. 18,688
4,596 Bancorpsouth, Inc. 127,585
400 BancTrust Financial Group, Inc. 11,156
996 Bank of Granite Corp. 17,464
42,441 Bank of Hawaii Corp. 2,043,959
674 Bank of the Ozarks, Inc. 22,828
1,600 BankFinancial Corp. 27,984
749 Banner Corp. 30,739
1,242 BOK Financial Corp. 65,329
158,328 Boston Private Financial Holdings, Inc. # 4,414,185
400 Cadence Financial Corp. 8,108
400 Camden National Corp. 16,080
850 Capital City Bank Group, Inc. 26,435
540 Capital Corp. of the West 16,751
800 Capitol Bancorp Ltd. 35,600
1,000 Cardinal Financial Corp. 10,960
1,437 Cascade Bancorp 53,959
450 Cass Information Systems, Inc. 14,899
3,046 Cathay General Bancorp 109,961
3,600 Centennial Bank Holdings, Inc. * 34,848
800 Center Financial Corp. 19,024
600 Centerstate Banks of Florida, Inc. 12,060
1,776 Central Pacific Financial Corp. 64,966
1,393 Chemical Financial Corp. 41,344
2,641 Chittenden Corp. 75,770
2,526 Citizens Banking Corp. 66,333
501 City Bank 23,562
1,118 City Holding Co. 44,575
2,427 City National Corp. 162,755
900 Coastal Financial Corp. 11,337
967 CoBiz, Inc. 22,106
106,508 Colonial BancGroup, Inc. # 2,609,446
700 Columbia Bancorp 17,213
1,007 Columbia Banking System, Inc. 32,234
4,061 Commerce Bancshares, Inc. 205,365
360 Community Bancorp, Inc. * 10,984
300 Community Bancorp, Inc. 12,264
1,624 Community Bank System, Inc. 35,988
1,385 Community Banks, Inc. 37,118
971 Community Trust Bancorp, Inc. 36,558
2,162 Corus Bankshares, Inc. 48,342
3,325 Cullen/Frost Bankers, Inc. 192,251
3,510 CVB Financial Corp. 51,843
3,576 East-West Bancorp, Inc. 141,645
621 Enterprise Financial Services Corp. 19,164
400 Farmers Capital Bank Corp. 13,548
727 First Bancorp (North Carolina) 14,816
3,962 First Bancorp (Puerto Rico) 43,820
1,005 First Busey Corp. 22,824
1,688 First Charter Corp. 40,613
300 First Citizens BancShares, Inc. 57,330
4,118 First Commonwealth Financial Corp. 53,658
84,512 First Community Bancorp, Inc. 4,728,446
622 First Community Bancshares, Inc. 20,756
2,037 First Financial Bancorp 32,409
1,300 First Financial Bankshares, Inc. 49,595
880 First Financial Corp. 28,081
7,300 First Horizon National Corp. 277,473
586 First Indiana Corp. 15,242
1,219 First Merchants Corp. 28,829
29,128 First Midwest Bancorp, Inc. # 1,103,660
387 First Regional Bancorp * 13,185
49,279 First Republic Bank # 2,097,314
481 First South Bancorp, Inc. 14,714
1,200 First State Bancorp 31,164
4,972 FirstMerit Corp. 115,201
900 FLAG Financial Corp. 22,536
3,622 FNB Corp. (Pennsylvania) 60,343
545 FNB Corp. (Virginia) 19,625
4,012 Fremont General Corp. 56,128
2,408 Frontier Financial Corp. 62,451
10,549 Fulton Financial Corp. 170,788
875 GB&T Bancshares, Inc. 18,419
2,070 Glacier Bancorp, Inc. 70,732
674 Great Southern Bancorp, Inc. 18,939
60,986 Greater Bay Bancorp # 1,720,415
493 Greene County Bancshares, Inc. 18,024
1,662 Hancock Holding Co. 89,000
2,392 Hanmi Financial Corp. 46,883
1,863 Harleysville National Corp. 37,446
900 Heartland Financial USA, Inc. 23,112
605 Heritage Commerce Corp. 14,000
625 IBERIA BANK Corp. 38,125
18,601 Independent Bank Corp. (Massachusetts) 604,904
1,340 Independent Bank Corp. (Michigan) 32,530
980 Integra Bank Corp. 24,774
1,219 Interchange Financial Services Corp. (New Jersey) 27,574
2,632 International Bancshares Corp. 78,118
300 Intervest Bancshares Corp. * 13,068
3,933 Investors Financial Services Corp. 169,434
1,138 Irwin Financial Corp. 22,259
2
Portfolio of Investments
MetLife Investment Funds, Inc. / Small Company Stock Fund / September 30, 2006
(Unaudited) (continued)
Shares Value
------------------------------------------------------------------------------
1,363 Lakeland Bancorp, Inc. 19,464
800 Lakeland Financial Corp. 18,808
693 Macatawa Bank Corp. 15,863
1,019 MainSource Financial Group, Inc. 17,292
82,022 MB Financial Corp. # 3,024,151
928 MBT Financial Corp. 13,772
551 Mercantile Bank Corp. 21,792
7,486 Mercantile Bankshares Corp. 271,517
450 MetroCorp Bancshares, Inc. 10,210
1,306 Mid-State Bancshares 35,732
1,077 Midwest Banc Holdings, Inc. 26,300
1,200 Nara Bancorp, Inc. 21,948
2,725 National Penn Bancshares, Inc. 53,472
30,703 NBT Bancorp, Inc. 714,152
572 Northern Empire Bancshares * 16,027
3,798 Old National Bancorp 72,542
760 Old Second Bancorp, Inc. 22,770
882 Omega Financial Corp. 26,522
1,065 Oriental Financial Group 12,695
2,841 Pacific Capital Bancorp 76,622
746 Park National Corp. 74,667
640 Peoples Bancorp, Inc. 18,707
52,405 Pinnacle Financial Partners, Inc. #* 1,876,099
500 Placer Sierra Bancshares 11,105
300 Preferred Bank (Los Angeles) 17,991
578 Premierwest Bancorp 9,242
1,100 PrivateBancorp, Inc. 50,292
1,426 Prosperity Bancshares, Inc. 48,541
49,591 Provident Bankshares Corp. # 1,837,347
1,837 R-G Financial Corp. Class B 13,686
975 Renasant Corp. 27,368
599 Republic Bancorp, Inc. (Kentucky) 12,669
4,612 Republic Bancorp, Inc. (Michigan) 61,478
266 Royal Bancshares of Pennsylvania 7,206
1,576 S&T Bancorp, Inc. 51,220
887 Sandy Spring Bancorp, Inc. 31,364
427 Santander BanCorp 8,066
603 SCBT Financial Corp. 22,552
991 Seacoast Banking Corp. of Florida 29,928
906 Security Bank Corp. 20,485
600 Shore Bancshares, Inc. 17,250
283 Sierra Bancorp 8,844
1,773 Signature Bank * 54,839
957 Simmons First National Corp. 27,763
6,186 Sky Financial Group, Inc. 154,031
500 Smithtown Bancorp, Inc. 13,495
4,534 South Financial Group, Inc. 118,020
606 Southside Bancshares, Inc. 16,174
1,000 Southwest Bancorp, Inc. 25,820
700 State National Bancshares, Inc. 26,593
1,203 Sterling Bancorp 23,651
2,721 Sterling Bancshares, Inc. 55,100
1,352 Sterling Financial Corp. 29,730
670 Suffolk Bancorp 21,386
698 Summit Bancshares, Inc. 19,628
1,106 Sun Bancorp, Inc. * 20,826
1,000 Superior Bancorp * 11,500
3,241 Susquehanna Bancshares, Inc. 79,210
2,084 SVB Financial Group * 93,030
598 SY Bancorp, Inc. 17,743
300 Taylor Capital Group, Inc. 8,865
7,878 TCF Financial Corp. 207,113
1,410 Texas Capital Bancshares, Inc. * 26,395
2,767 Texas Regional Bancshares, Inc. 106,391
600 Texas United Bancshares, Inc. 19,794
425 The Bancorp, Inc. * 10,833
368 Tompkins Trustco, Inc. 16,726
1,000 Trico Bancshares 24,750
4,298 Trustco Bank Corp. 46,590
2,893 Trustmark Corp. 90,927
5,722 UCBH Holdings, Inc. 99,906
1,982 UMB Financial Corp. 72,482
3,328 Umpqua Holdings Corp. 95,181
522 Union Bankshares Corp. 23,135
2,385 United Bankshares, Inc. 88,770
2,100 United Community Banks, Inc. 63,105
500 United Security Bancshares/CA 11,270
840 Univest Corp. of Pennsylvania 24,268
487 USB Holding Co., Inc. 10,743
6,946 Valley National Bancorp 177,609
437 Vineyard National Bancorp 11,345
33,689 Virginia Commerce Bancorp, Inc. #* 747,896
711 Virginia Financial Group, Inc. 19,524
6,534 W Holding Co., Inc. 38,616
495 Washington Trust Bancorp, Inc. 13,122
3,080 Webster Financial Corp. 145,099
1,250 WesBanco, Inc. 36,525
1,088 West Bancorp, Inc. 18,616
1,013 West Coast Bancorp 30,937
1,803 Westamerica Bancorp 91,070
800 Western Alliance Bancorp * 26,320
3,953 Whitney Holding Corp. 141,399
3,999 Wilmington Trust Corp. 178,155
652 Wilshire Bancorp, Inc. 12,414
30,909 Wintrust Financial Corp. # 1,550,086
597 Yardville National Bancorp 21,289
----------
37,652,123
----------
BIOTECHNOLOGY - 0.6%
500 Advanced Magnetics, Inc. * 17,050
3,800 ADVENTRX Pharmaceuticals, Inc. * 10,412
3,901 Affymetrix, Inc. * 84,106
2,038 Alexion Pharmaceuticals, Inc. * 69,251
3,000 American Oriental Bioengineering, Inc. * 18,240
4,342 Applera Corp. - Celera Genomics Group * 60,441
2,600 Arena Pharmaceuticals, Inc. * 31,148
3,113 Ariad Pharmaceuticals, Inc. * 13,573
3
Portfolio of Investments
MetLife Investment Funds, Inc. / Small Company Stock Fund / September 30, 2006
(Unaudited) (continued)
Shares Value
------------------------------------------------------------------------------
1,132 Bio-Rad Laboratories, Inc. * 80,066
1,676 Cambrex Corp. 34,710
2,405 Cell Genesys, Inc. * 10,991
4,016 Charles River Laboratories International, Inc. * 174,335
1,200 Coley Pharmaceutical Group, Inc. * 13,704
1,112 Cotherix, Inc. * 7,851
1,800 Cytokinetics, Inc. * 11,574
3,000 deCODE genetics, Inc. * 16,500
1,134 Digene Corp. * 48,932
2,181 Diversa Corp. * 17,492
3,361 Encysive Pharmaceuticals, Inc. * 14,452
1,604 Enzo Biochem, Inc. * 19,553
2,704 Enzon Pharmaceuticals, Inc. * 22,308
4,925 Exelixis, Inc. * 42,897
1,377 Genitope Corp. * 4,021
900 Genomic Health, Inc. * 13,014
4,403 Geron Corp. * 27,607
1,183 GTx, Inc. * 10,931
1,900 Hana Biosciences, Inc. * 13,034
8,100 Human Genome Sciences, Inc. * 93,474
4,056 ICOS Corp. * 101,643
2,875 Illumina, Inc. * 94,990
5,463 Incyte Corp. * 23,108
1,185 Integra LifeSciences Holdings Corp. * 44,414
1,659 InterMune, Inc. * 27,241
3,233 Invitrogen Corp. * 205,005
2,869 Keryx Biopharmaceuticals, Inc. * 33,940
4,391 Lexicon Genetics, Inc. * 16,554
1,984 Lifecell Corp. * 63,924
1,980 Martek Biosciences Corp. * 42,590
1,458 Maxygen, Inc. * 12,116
1,400 Metabasis Therapeutics, Inc. * 7,868
18,600 Millennium Pharmaceuticals, Inc. * 185,070
3,187 Millipore Corp. * 195,363
1,400 Momenta Pharmaceuticals, Inc. * 18,928
8,000 Monogram Biosciences, Inc. * 12,240
2,492 Myogen, Inc. * 87,419
2,237 Myriad Genetics, Inc. * 55,142
5,234 Nektar Therapeutics * 75,422
1,739 Northfield Laboratories, Inc. * 24,972
4,000 Novavax, Inc. * 15,160
3,300 Panacos Pharmaceuticals, Inc. * 16,368
7,016 PDL BioPharma, Inc. * 134,707
11,300 Peregrine Pharmaceuticals, Inc. * 14,351
2,934 Regeneron Pharmaceuticals, Inc. * 46,034
1,800 Sangamo BioSciences, Inc. * 10,008
3,520 Savient Pharmaceuticals, Inc. * 22,915
2,700 Sirna Therapeutics, Inc. * 15,039
2,637 SuperGen, Inc. * 12,288
3,085 Telik, Inc. * 54,882
6,590 Vertex Pharmaceuticals, Inc. * 221,754
---------
2,873,122
---------
BUILDING & CONSTRUCTION - 1.8%
527 Aaon, Inc. 12,021
1,804 Apogee Enterprises, Inc. 27,439
2,327 Beazer Homes USA, Inc. 90,846
763 Brookfield Homes Corp. 21,486
900 Builders FirstSource, Inc. * 13,707
400 Cavco Industries, Inc. * 12,604
4,311 Champion Enterprises, Inc. * 29,746
2,459 Comfort Systems USA, Inc. 28,180
1,120 Drew Industries, Inc. * 28,291
2,343 Dycom Industries, Inc. * 50,375
3,093 Eagle Materials, Inc. 104,172
1,220 ElkCorp 33,123
1,896 EMCOR Group, Inc. * 103,977
1,400 ENGlobal Corp. * 8,666
3,478 Fleetwood Enterprises, Inc. * 23,407
2,916 Florida Rock Industries, Inc. 112,878
1,434 Genlyte Group, Inc. * 102,101
1,500 Goodman Global, Inc. * 20,025
2,112 Granite Construction, Inc. 112,675
2,400 Home Solutions of America, Inc. * 13,152
2,962 Hovnanian Enterprises, Inc. * 86,905
1,600 Infrasource Services, Inc. * 28,080
28,736 Insituform Technologies, Inc. #* 697,710
1,600 Interline Brands, Inc. * 39,488
3,554 Jacobs Engineering Group, Inc. * 265,590
20,500 KB Home # 897,900
718 Layne Christensen Co. * 20,513
3,606 Lennox International, Inc. 82,577
957 Levitt Corp. 11,254
1,194 LSI Industries, Inc. 19,403
686 M/I Homes, Inc. 24,250
2,772 Martin Marietta Materials, Inc. 234,567
2,036 MDC Holdings, Inc. 94,572
1,272 Meritage Homes Corp. * 52,928
1,757 Monaco Coach Corp. 19,573
1,165 NCI Building Systems, Inc. * 67,768
300 NVR, Inc. * 160,500
380 Palm Harbor Homes, Inc. * 5,685
1,100 Perini Corp. * 22,968
2,746 Ryland Group, Inc. 118,655
4,884 Shaw Group, Inc. * 115,458
2,282 Simpson Manufacturing Co., Inc. 61,682
288 Skyline Corp. 11,005
3,822 Standard-Pacific Corp. 89,817
600 Sterling Construction Co., Inc. * 12,036
892 Technical Olympic USA, Inc. 8,768
21,321 Texas Industries, Inc. # 1,109,971
34,223 Thor Industries, Inc. # 1,408,961
7,900 Toll Brothers, Inc. * 221,832
547 Trex Co., Inc. * 13,216
2,100 U.S. Concrete, Inc. * 13,671
4
Portfolio of Investments
MetLife Investment Funds, Inc. / Small Company Stock Fund / September 30, 2006
(Unaudited) (continued)
Shares Value
-----------------------------------------------------------------------------
909 Universal Forest Products, Inc. 44,586
2,967 URS Corp. * 115,387
4,626 USG Corp. * 217,607
1,800 Washington Group International, Inc. 105,948
35,156 WCI Communities, Inc. #* 613,121
1,800 Williams Scotsman International, Inc. * 38,448
2,018 Winnebago Industries 63,325
----------
8,164,596
----------
BUSINESS SERVICES & SUPPLIES - 0.8%
1,456 Administaff, Inc. 49,067
838 CDI Corp. 17,355
155,600 Cross Country Healthcare, Inc. #* 2,645,200
1,476 Gevity HR, Inc. 33,623
3,242 Global Imaging Systems, Inc. * 71,551
1,150 Heidrick & Struggles International, Inc. * 41,400
3,844 Herman Miller, Inc. 131,503
3,159 Hewitt Associates, Inc. * 76,637
3,100 HNI Corp. 128,898
1,262 Hudson Highland Group, Inc. * 12,368
6,696 IKON Office Solutions, Inc. 89,994
2,484 Interface, Inc. * 31,994
1,136 Kelly Services, Inc. 31,138
1,610 Kforce, Inc. * 19,207
2,000 Knoll, Inc. 40,400
2,630 Korn/Ferry International * 55,072
3,029 Labor Ready, Inc. * 48,252
6,466 MPS Group, Inc. * 97,701
2,698 Resources Connection, Inc. * 72,280
2,851 Spherion Corp. * 20,385
4,536 Steelcase, Inc. 71,170
----------
3,785,195
----------
CHEMICALS - 3.0%
3,990 Airgas, Inc. 144,318
28,303 Albemarle Corp. # 1,537,702
1,021 American Vanguard Corp. 14,294
1,280 Arch Chemicals, Inc. 36,416
3,900 Ashland, Inc. 248,742
472 Balchem Corp. 9,341
3,866 Cabot Corp. 143,815
1,463 Cabot Microelectronics Corp. * 42,164
4,400 Celanese Corp. 78,760
3,300 CF Industries Holdings, Inc. 56,331
14,801 Chemtura Corp. 128,325
2,543 Cytec Industries, Inc. 141,365
4,900 Eastman Chemical Co. 264,698
2,530 Ferro Corp. 44,983
25,147 FMC Corp. # 1,611,168
41,887 Georgia Gulf Corp. # 1,148,542
3,560 HB Fuller Co. 83,446
6,969 Hercules, Inc. * 109,901
5,300 Huntsman Corp. * 96,460
641 Innospec, Inc. 19,038
5,558 International Flavors & Fragrances, Inc. 219,763
272 Kronos Worldwide, Inc. 7,831
4,066 Lubrizol Corp. 185,938
45,186 MacDermid, Inc. # 1,473,967
1,152 Minerals Technologies, Inc. 61,517
1,100 NewMarket Corp. 63,976
521 NL Industries 5,179
4,598 Olin Corp. 70,625
1,634 OM Group, Inc. * 71,798
2,700 Omnova Solutions, Inc. * 11,286
500 Pioneer Cos., Inc. * 12,255
121,552 PolyOne Corp. #* 1,012,528
2,100 Rockwood Holdings, Inc. * 41,958
6,907 RPM International, Inc. 131,164
1,788 Schulman A, Inc. 42,036
2,707 Sensient Technologies Corp. 52,976
4,000 Sigma-Aldrich Corp. 302,680
46,395 Spartech Corp. 1,241,994
273 Stepan Co. 7,980
1,978 Symyx Technologies * 41,914
5,563 Terra Industries, Inc. * 42,891
2,500 Tronox, Inc. Class B 31,925
3,000 UAP Holding Corp. 64,110
648 Valhi, Inc. 15,066
48,860 Valspar Corp. 1,299,676
31,150 Westlake Chemical Corp. 997,112
3,868 WR Grace & Co. * 51,290
800 Zoltek Companies, Inc. * 20,440
----------
13,541,684
----------
COMMERCIAL SERVICES - 7.0%
2,630 Aaron Rents, Inc. 60,437
2,737 ABM Industries, Inc. 51,346
595 ACE Cash Express, Inc. * 17,785
5,188 Adesa, Inc. 119,895
4,000 Advance America Cash Advance Centers, Inc. 57,680
94,900 Advisory Board Co. #* 4,794,348
1,722 Albany Molecular Research, Inc. * 16,118
2,379 Alderwoods Group, Inc. * 47,176
4,858 Alliance Data Systems Corp. * 268,113
1,834 Arbitron, Inc. 67,876
600 Bankrate, Inc. * 15,936
1,371 Banta Corp. 65,260
500 Barrett Business Services, Inc. * 10,735
11,376 BearingPoint, Inc. * 89,415
2,143 Bowne & Co., Inc. 30,602
5,600 Career Education Corp. * 126,000
3,917 Cbiz, Inc. * 28,594
400 Central Parking Corp. 6,600
3,100 Cenveo, Inc. * 58,342
1,608 Chemed Corp. 51,874
85,500 ChoicePoint, Inc. #* 3,060,900
900 Clark, Inc. 10,143
800 Clayton Holdings, Inc. * 10,056
5
Portfolio of Investments
MetLife Investment Funds, Inc. / Small Company Stock Fund / September 30, 2006
(Unaudited) (continued)
Shares Value
------------------------------------------------------------------------------
1,800 Coinmach Service Corp. Class A 17,874
1,512 Coinstar, Inc. * 43,515
900 Compass Diversified Trust 13,770
618 Consolidated Graphics, Inc. * 37,185
8,624 Convergys Corp. * 178,086
800 Cornell Cos., Inc. * 13,824
2,363 Corporate Executive Board Co. 212,457
3,742 Corrections Corp. of America * 161,841
996 CoStar Group, Inc. * 41,155
699 CRA International, Inc. * 33,314
500 Dawson Geophysical Co. * 14,850
2,903 Deluxe Corp. 49,641
1,617 Diamond Management & Technology Consultants, Inc. * 18,013
700 Dollar Financial Corp. * 15,274
1,428 Dollar Thrifty Automotive Group * 63,646
1,600 DynCorp International, Inc. * 20,144
1,323 Electro Rent Corp. * 22,504
2,900 Enersys * 46,516
7,716 Equifax, Inc. 283,254
1,913 Euronet Worldwide, Inc. * 46,964
674 Exponent, Inc. * 11,236
570 First Advantage Corp. * 11,890
1,500 First Consulting Group, Inc. * 14,625
796 Forrester Research, Inc. * 20,943
117,444 FTI Consulting, Inc. #* 2,943,147
241,158 Gartner, Inc. #* 4,241,969
818 Geo Group, Inc. * 34,560
2,000 Global Cash Access, Inc. * 30,180
3,100 Gold Kist, Inc. * 64,604
800 H&E Equipment Services, Inc. * 19,512
154,425 Healthcare Services Group # 3,885,333
1,000 Heartland Payment Systems, Inc. 26,000
1,100 Huron Consulting Group, Inc. * 43,120
500 ICT Group, Inc. * 15,735
2,242 Interactive Data Corp. * 44,728
6,904 Iron Mountain, Inc. * 296,458
2,100 Jackson Hewitt Tax Service, Inc. 63,021
800 Kendle International, Inc. * 25,616
1,000 Kenexa Corp. * 25,220
590 Landauer, Inc. 29,943
1,598 LECG Corp. * 29,978
3,700 Live Nation, Inc. * 75,554
2,127 Magellan Health Services, Inc. * 90,610
1,396 MAXIMUS, Inc. 36,436
1,422 Mcgrath Rentcorp 36,403
995 Midas, Inc. * 20,577
600 Monro Muffler, Inc. 20,406
900 Morningstar, Inc. * 33,210
137,249 Navigant Consulting, Inc. #* 2,753,215
1,950 NCO Group, Inc. * 51,129
2,800 Net 1 UEPS Technologies, Inc. * 64,008
1,700 On Assignment, Inc. * 16,677
1,564 Parexel International Corp. * 51,753
1,200 PeopleSupport, Inc. * 22,200
6,030 Pharmaceutical Product Development, Inc. 215,211
1,196 Pharmanet Development Group, Inc. * 23,238
3,000 PHH Corp. * 82,200
620 Pre-Paid Legal Services, Inc. 24,595
720 Providence Service Corp. * 19,865
700 QC Holdings, Inc. * 8,351
6,417 Quanta Services, Inc. * 108,191
4,328 Rent-A-Center, Inc. * 126,767
1,800 Rewards Network, Inc. * 8,766
1,755 Rollins, Inc. 37,048
2,082 Senomyx, Inc. * 32,000
177,851 Service Corp. International 1,661,128
17,010 ServiceMaster Co. 190,682
3,954 Sotheby's Holdings 127,477
2,152 Source Interlink Companies, Inc. * 20,444
400 Standard Parking Corp. * 12,552
717 Startek, Inc. 8,941
6,595 Stewart Enterprises, Inc. 38,647
400 Team, Inc. * 10,024
2,230 TeleTech Holdings, Inc. * 34,855
1,481 TNS, Inc. * 22,304
3,871 United Rentals, Inc. * 90,001
2,719 Valassis Communications, Inc. * 47,990
500 Vertrue, Inc. * 19,660
1,378 Viad Corp. 48,795
496 Volt Information Sciences, Inc. * 17,633
6,200 Waters Corp. * 280,736
2,568 Watson Wyatt & Co. Holdings 105,083
2,700 Weight Watchers International, Inc. 119,718
116,100 Wright Express Corp. #* 2,793,366
----------
31,885,322
----------
COMPUTERS & INFORMATION - 1.4%
945 3D Systems Corp. * 17,331
1,544 Agilysys, Inc. 21,678
1,098 Ansoft Corp. * 27,351
7,421 BISYS Group, Inc. * 80,592
231,471 Brocade Communications Systems, Inc. #* 1,634,185
1,925 CACI International, Inc. * 105,894
8,157 Ceridian Corp. * 182,391
3,140 Ciber, Inc. * 20,818
1,080 COMSYS IT Partners, Inc. * 18,565
2,022 Covansys Corp. * 34,657
4,033 Diebold, Inc. 175,557
3,600 DST Systems, Inc. * 222,012
1,650 Echelon Corp. * 13,563
3,368 Electronics for Imaging * 77,060
2,409 Factset Research Systems, Inc. 117,005
18,828 Gateway, Inc. * 35,585
1,738 Hutchinson Technology, Inc. * 36,550
1,200 iGate Corp. * 5,928
1,400 IHS, Inc. * 44,912
6
Portfolio of Investments
MetLife Investment Funds, Inc. / Small Company Stock Fund / September 30, 2006
(Unaudited) (continued)
Shares Value
------------------------------------------------------------------------------
2,130 Imation Corp. 85,520
508 Integral Systems, Inc. 15,880
1,832 Intergraph Corp. * 78,556
2,279 InterVoice, Inc. * 14,449
4,606 Jack Henry & Associates, Inc. 100,273
2,200 Kanbay International, Inc. * 45,232
1,748 Komag, Inc. * 55,866
1,850 Kronos, Inc. * 63,067
1,500 Magma Design Automation, Inc. * 13,650
1,552 Manhattan Associates, Inc. * 37,465
900 Maxwell Technologies, Inc. * 18,306
9,331 McData Corp. * 46,935
5,025 Mentor Graphics Corp. * 70,752
871 Mercury Computer Systems, Inc. * 10,321
2,288 Micros Systems, Inc. * 111,929
1,922 Mobility Electronics, Inc. * 10,686
1,153 MTS Systems Corp. 37,288
3,457 National Instruments Corp. 94,514
1,900 Ness Technologies, Inc. * 25,365
1,196 Netscout Systems, Inc. * 7,762
5,368 Palm, Inc. * 78,158
3,400 Pegasus Wireless Corp. * 2,074
5,355 Perot Systems Corp. * 73,845
14,462 Quantum Corp. * 31,527
1,600 Rackable Systems, Inc. * 43,792
1,588 Radiant Systems, Inc. * 19,183
1,321 Radisys Corp. * 28,071
3,799 Reynolds & Reynolds Co. 150,099
898 SI International, Inc. * 28,718
1,500 Sigma Designs, Inc. * 22,425
5,492 Silicon Storage Technology, Inc. * 22,627
2,258 SRA International, Inc. * 67,876
542 Stratasys, Inc. * 14,314
1,917 SYKES Enterprises, Inc. * 39,011
1,380 Synaptics, Inc. * 33,631
72,625 Synopsys, Inc. #* 1,432,165
413 Syntel, Inc. 9,354
1,721 Talx Corp. 42,199
2,392 Tyler Technologies, Inc. * 30,929
19,700 Unisys Corp. * 111,502
13,277 Western Digital Corp. * 240,314
---------
6,337,264
---------
CONTAINERS & PACKAGING - 0.9%
500 AEP Industries, Inc. * 20,975
6,154 Ball Corp. 248,929
6,294 Bemis Co. 206,821
1,088 Chesapeake Corp. 15,569
93,069 Crown Holdings, Inc. * 1,731,084
3,649 Graphic Packaging Corp. * 13,356
1,009 Greif, Inc. 80,831
2,034 Mobile Mini, Inc. * 57,786
9,231 Owens-Illinois, Inc. * 142,342
4,731 Packaging Corp. of America 109,759
35,653 Pactiv Corp. #* 1,013,258
4,800 Sealed Air Corp. 259,776
1,466 Silgan Holdings, Inc. 55,063
15,200 Smurfit-Stone Container Corp. * 170,240
5,955 Sonoco Products Co. 200,326
---------
4,326,115
---------
COSMETICS & PERSONAL CARE - 0.1%
4,700 Alberto-Culver Co. 237,773
3,500 Bare Escentuals, Inc. * 95,025
903 Chattem, Inc. * 31,713
1,635 Elizabeth Arden, Inc. * 26,422
247 Inter Parfums, Inc. 4,703
800 Parlux Fragrances, Inc. * 4,072
6,758 Revlon, Inc. * 7,636
---------
407,344
---------
DISTRIBUTION & WHOLESALE - 1.4%
2,550 Beacon Roofing Supply, Inc. * 51,612
84,826 Bell Microproducts, Inc. #* 440,247
700 BlueLinx Holdings, Inc. 6,664
2,776 Brightpoint, Inc. * 39,475
1,708 Building Material Holding Corp. 44,442
3,600 CDW Corp. 222,048
1,770 Central European Distribution Corp. * 41,436
600 Core-Mark Holding Co., Inc. * 18,804
700 Directed Electronics, Inc. * 10,570
8,162 Ingram Micro, Inc. * 156,384
25,500 Lenox Group, Inc. #* 154,275
2,618 LKQ Corp. * 57,517
400 MWI Veterinary Supply, Inc. * 13,412
1,065 Nuco2, Inc. * 28,649
47,589 Owens & Minor, Inc. 1,565,202
3,238 Pool Corp. 124,663
1,408 Scansource, Inc. * 42,705
3,265 Tech Data Corp. * 119,270
33,026 Triad Guaranty, Inc. #* 1,689,940
25,207 United Stationers, Inc. #* 1,172,378
1,637 Watsco, Inc. 75,318
2,968 WESCO International, Inc. * 172,233
---------
6,247,244
---------
DIVERSIFIED FINANCIAL SERVICES - 1.7%
941 Accredited Home Lenders Holding Co. * 33,819
1,157 Advanta Corp. Class B 42,693
1,871 Affiliated Managers Group * 187,306
4,600 AG Edwards, Inc. 245,088
8,330 Allied Capital Corp. 251,649
8,591 American Capital Strategies Ltd. 339,087
7,998 AmeriCredit Corp. * 199,870
4,826 Apollo Investment Corp. 98,981
3,130 Ares Capital Corp. 54,525
1,089 Asset Acceptance Capital Corp. * 17,696
684 Asta Funding, Inc. 25,643
1,400 Calamos Asset Management, Inc. Class A 41,048
7
Portfolio of Investments
MetLife Investment Funds, Inc. / Small Company Stock Fund / September 30, 2006
(Unaudited) (continued)
Shares Value
------------------------------------------------------------------------------
200 Capital Southwest Corp. 23,830
5,627 CapitalSource, Inc. 145,289
3,063 CharterMac 61,137
600 Cohen & Steers, Inc. 19,416
1,267 CompuCredit Corp. * 38,276
600 Credit Acceptance Corp. * 17,808
5,507 Doral Financial Corp. 36,291
7,126 Eaton Vance Corp. 205,656
1,654 eSpeed, Inc. * 15,217
4,900 Evercore Partners, Inc. Class A #* 141,120
706 Federal Agricultural Mortgage Corp. Class C 18,688
5,581 Federated Investors, Inc. Class B 188,694
1,690 Financial Federal Corp. 45,292
1,745 First Marblehead Corp. 120,859
9,019 Friedman Billings Ramsey Group, Inc. 72,423
468 GAMCO Investors, Inc. 17,812
700 GFI Group, Inc. * 38,703
500 Gladstone Capital Corp. 11,005
1,200 Gladstone Investment Corp. 17,520
1,000 Greenhill & Co., Inc. 67,020
975 Harris & Harris Group, Inc. * 11,973
3,822 IndyMac Bancorp, Inc. 157,313
1,300 IntercontinentalExchange, Inc. * 97,591
2,193 International Securities Exchange, Inc. 102,830
2,557 Investment Technology Group, Inc. * 114,426
12,484 Janus Capital Group, Inc. 246,184
7,252 Jefferies Group, Inc. 206,682
6,498 Knight Capital Group, Inc. * 118,264
3,084 LaBranche & Co., Inc. * 31,981
1,600 MarketAxess Holdings, Inc. * 16,752
809 Marlin Business Services, Inc. * 16,908
2,969 MCG Capital Corp. 48,484
1,000 Medallion Financial Corp. 11,030
5,012 MoneyGram International, Inc. 145,649
1,100 MVC Capital, Inc. 14,256
5,500 Nasdaq Stock Market, Inc. * 166,320
2,104 National Financial Partners Corp. 86,327
1,037 Nelnet, Inc. * 31,877
1,013 NGP Capital Resources Co. 14,780
4,748 Nuveen Investments, Inc. 243,240
2,268 Ocwen Financial Corp. * 33,793
1,200 optionsXpress Holdings, Inc. 33,456
70,000 Penson Worldwide, Inc. * 1,256,500
1,328 Piper Jaffray Cos. * 80,503
900 Portfolio Recovery Associates, Inc. * 39,483
5,484 Raymond James Financial, Inc. 160,352
484 Sanders Morris Harris Group, Inc. 6,055
590 Stifel Financial Corp. * 18,727
242 Student Loan Corp. 46,508
826 SWS Group, Inc. 20,559
1,049 Technology Investment Capital Corp. 15,347
500 Thomas Weisel Partners Group, Inc. * 8,025
625 United PanAm Financial Corp. * 9,675
4,956 Waddell & Reed Financial, Inc. 122,661
23,378 Walter Industries, Inc. # 997,773
1,152 World Acceptance Corp. * 50,665
---------
7,622,410
---------
DIVERSIFIED OPERATIONS - 0.0%
1,400 Star Maritime Acquisition Corp. * 13,454
---------
EDUCATION - 0.3%
1,582 Bright Horizons Family Solutions, Inc. * 66,017
5,034 Corinthian Colleges, Inc. * 54,418
3,693 DeVry, Inc. * 78,550
1,100 Educate, Inc. * 8,789
2,613 ITT Educational Services, Inc. * 173,242
2,539 Laureate Education, Inc. * 121,516
851 Strayer Education, Inc. 92,087
39,786 Universal Technical Institute, Inc. #* 711,771
---------
1,306,390
---------
ELECTRICAL EQUIPMENT - 0.4%
2,196 Advanced Energy Industries, Inc. * 37,420
1,429 Allete, Inc. 62,090
10,500 American Power Conversion Corp. 230,580
1,541 American Superconductor Corp. * 14,270
4,226 Ametek, Inc. 184,042
2,420 Belden CDT, Inc. 92,517
6,800 Capstone Turbine Corp. * 9,588
500 Color Kinetics, Inc. * 8,490
1,373 Encore Wire Corp. * 48,453
3,352 Energizer Holdings, Inc. * 241,310
2,309 Energy Conversion Devices, Inc. * 85,525
3,095 General Cable Corp. * 118,260
6,158 GrafTech International Ltd. * 35,963
3,623 Hubbell, Inc. Class B 173,542
900 Insteel Industries, Inc. 17,883
2,407 Intermagnetics General Corp. * 65,109
900 Lamson & Sessions Co. * 21,438
1,350 Littelfuse, Inc. * 46,845
1,385 Medis Technologies Ltd. * 34,223
285 Powell Industries, Inc. * 6,307
4,436 Power-One, Inc. * 32,117
1,400 Raser Technologies, Inc. * 7,784
1,360 Superior Essex, Inc. * 46,580
1,073 Universal Display Corp. * 11,835
1,150 Vicor Corp. 13,271
1,364 Wilson Greatbatch Technologies, Inc. * 30,854
---------
1,676,296
---------
ELECTRONICS - 4.6%
500 American Science & Engineering, Inc. * 24,260
752 Analogic Corp. 38,593
7,194 Arrow Electronics, Inc. * 197,331
7,439 Avnet, Inc. * 145,953
2,900 AVX Corp. 51,301
8
Portfolio of Investments
MetLife Investment Funds, Inc. / Small Company Stock Fund / September 30, 2006
(Unaudited) (continued)
Shares Value
------------------------------------------------------------------------------
814 Badger Meter, Inc. 20,505
648 Bel Fuse, Inc. Class B 20,794
3,880 Benchmark Electronics, Inc. * 104,294
2,684 Brady Corp. 94,369
57,120 Checkpoint Systems, Inc. #* 943,051
1,800 China BAK Battery, Inc. * 12,096
2,600 Cogent, Inc. * 35,698
129,097 Coherent, Inc. #* 4,474,502
2,178 CTS Corp. 30,013
1,040 Cubic Corp. 20,363
2,305 Cymer, Inc. * 101,213
2,324 Daktronics, Inc. 48,084
1,162 Dionex Corp. * 59,192
2,100 Dolby Laboratories, Inc. * 41,685
700 Eagle Test Systems, Inc. * 11,564
1,840 Electro Scientific Industries, Inc. * 37,904
554 Excel Technology, Inc. * 16,393
1,438 FEI Co. * 30,356
4,064 Flir Systems, Inc. * 110,378
9,134 Gentex Corp. 129,794
187,062 II-VI, Inc. #* 4,661,585
2,200 International DisplayWorks, Inc. * 14,014
1,700 Ionatron, Inc. * 8,177
1,570 Itron, Inc. * 87,606
142,200 Keithley Instruments, Inc. 1,813,050
4,940 Kemet Corp. * 39,866
4,155 L-1 Identity Solutions, Inc. * 54,223
1,025 LoJack Corp. * 20,080
795 Measurement Specialties, Inc. * 14,827
2,280 Methode Electronics, Inc. 21,683
600 Metrologic Instruments, Inc. * 10,896
2,368 Mettler Toledo International, Inc. * 156,643
908 Molecular Devices Corp. * 16,789
500 Multi-Fineline Electronix, Inc. * 12,685
979 OSI Systems, Inc. * 19,188
300 OYO Geospace Corp. * 17,025
1,102 Park Electrochemical Corp. 34,911
2,402 Paxar Corp. * 47,992
7,450 PerkinElmer, Inc. 141,028
1,096 Photon Dynamics, Inc. * 14,544
2,672 Plexus Corp. * 51,302
2,800 RAE Systems, Inc. * 8,540
837 Rofin-Sinar Technologies, Inc. * 50,864
57,829 Rogers Corp. #* 3,570,941
30,600 Sanmina-SCI Corp. * 114,444
53,300 Solectron Corp. * 173,758
1,571 Sonic Solutions, Inc. * 23,942
14,817 Symbol Technologies, Inc. 220,181
4,210 Taser International, Inc. * 32,249
67,276 Technitrol, Inc. # 2,008,189
5,104 Tektronix, Inc. 147,659
3,722 Thomas & Betts Corp. * 177,577
3,244 Trimble Navigation Ltd. * 152,727
2,825 TTM Technologies, Inc. * 33,052
1,817 Varian, Inc. * 83,346
10,192 Vishay Intertechnology, Inc. * 143,096
1,431 Watts Water Technologies, Inc. 45,449
1,863 Woodward Governor Co. 62,485
1,209 X-Rite, Inc. 12,985
1,200 Zygo Corp. * 15,300
----------
21,134,584
----------
ENTERTAINMENT & LEISURE - 1.4%
1,132 Ambassadors Group, Inc. 32,013
500 Ambassadors International, Inc. 15,795
618 Arctic Cat, Inc. 10,259
2,932 Bally Technologies, Inc. * 51,603
2,400 Bally Total Fitness Holding Corp. * 3,624
1,241 Bluegreen Corp. * 14,234
5,499 Brunswick Corp. 171,514
4,302 Callaway Golf Co. 56,399
586 Carmike Cinemas, Inc. 10,067
1,400 Century Casinos, Inc. * 13,916
567 Churchill Downs, Inc. 23,848
987 Dover Downs Gaming & Entertainment, Inc. 11,992
981 Dover Motorsports, Inc. 5,317
2,300 DreamWorks Animation SKG, Inc. * 57,293
2,480 Gaylord Entertainment Co. * 108,748
1,200 Great Wolf Resorts, Inc. * 14,352
10,457 Hasbro, Inc. 237,897
2,104 International Speedway Corp. 104,863
1,092 Isle of Capri Casinos, Inc. * 22,998
1,653 Jakks Pacific, Inc. * 29,473
3,034 K2, Inc. * 35,589
1,500 Lakes Entertainment, Inc. * 14,490
2,199 Leapfrog Enterprises, Inc. * 17,438
1,800 Life Time Fitness, Inc. * 83,322
157,230 Macrovision Corp. #* 3,724,779
2,500 Magna Entertainment Corp. * 11,725
1,024 Marine Products Corp. 9,953
2,846 Marvel Entertainment, Inc. * 68,702
1,582 Multimedia Games, Inc. * 14,365
1,872 Nautilus Group, Inc. 25,740
4,216 Penn National Gaming, Inc. * 153,968
2,901 Pinnacle Entertainment, Inc. * 81,576
2,519 Polaris Industries, Inc. 103,657
2,500 Progressive Gaming International Corp. * 20,500
1,379 RC2 Corp. * 46,238
3,700 Regal Entertainment Group 73,334
7,964 Sabre Holdings Corp. 186,278
3,816 Scientific Games Corp. * 121,349
1,950 Shuffle Master, Inc. * 52,669
3,511 Six Flags, Inc. * 18,363
938 Speedway Motorsports, Inc. 34,153
464 Steinway Musical Instruments * 12,992
1,768 Topps Co., Inc. 15,841
1,889 Vail Resorts, Inc. * 75,598
9
Portfolio of Investments
MetLife Investment Funds, Inc. / Small Company Stock Fund / September 30, 2006
(Unaudited) (continued)
Shares Value
------------------------------------------------------------------------------
5,700 Warner Music Group Corp. 147,915
1,602 WMS Industries, Inc. * 46,794
---------
6,193,533
---------
ENVIRONMENTAL SERVICES - 0.5%
1,900 Aleris International, Inc. * 96,026
15,300 Allied Waste Industries, Inc. * 172,431
1,013 American Ecology Corp. 19,997
1,800 Aventine Renewable Energy Holdings, Inc. * 38,502
2,076 Calgon Carbon Corp. * 9,176
74,572 Casella Waste Systems, Inc. #* 771,075
1,000 Clean Harbors, Inc. * 43,550
6,774 Covanta Holding Corp. * 145,844
5,700 Darling International, Inc. * 23,883
4,000 Evergreen Solar, Inc. * 33,200
2,838 FuelCell Energy, Inc. * 21,597
2,355 Headwaters, Inc. * 54,989
1,748 Metal Management, Inc. 48,664
1,975 Mine Safety Appliances Co. 70,389
6,200 Nalco Holding Co. * 114,824
1,310 Pacific Ethanol, Inc. * 18,392
4,617 Plug Power, Inc. * 18,791
3,200 Quantum Fuel Systems Technologies Worldwide, Inc. * 6,336
8,400 Rentech, Inc. * 38,892
2,658 Stericycle, Inc. * 185,502
700 Sunpower Corp. * 19,418
4,000 Synagro Technologies, Inc. 16,880
2,074 Syntroleum Corp. * 9,935
3,562 Tetra Tech, Inc. * 62,050
2,567 Waste Connections, Inc. * 97,315
507 Waste Industries USA, Inc. 13,704
1,433 Waste Services, Inc. * 13,098
---------
2,164,460
---------
FOOD, BEVERAGE & TOBACCO - 1.6%
300 Alico, Inc. 17,553
5,749 Alliance One International, Inc. * 23,571
732 Andersons, Inc. 24,998
100 Arden Group, Inc. 11,640
549 Boston Beer Co., Inc. * 18,035
16,920 Bunge Ltd. # 980,514
2,479 Chiquita Brands International, Inc. 33,169
327 Coca-Cola Bottling Co. Consolidated 20,267
48,960 Constelllation Brands, Inc. #* 1,409,069
4,418 Corn Products International, Inc. 143,762
8,100 Dean Foods Co. * 340,362
138,265 Del Monte Foods Co. 1,444,869
2,161 Delta & Pine Land Co. 87,520
1,100 Diamond Foods, Inc. 15,741
500 Farmer Bros Co. 10,270
3,112 Flowers Foods, Inc. 83,651
1,080 Great Atlantic & Pacific Tea Co. 26,006
322 Green Mountain Coffee Roasters, Inc. * 11,850
2,022 Hain Celestial Group, Inc. * 51,682
3,544 Hansen Natural Corp. * 115,109
700 Imperial Sugar Co. 21,784
600 Ingles Markets, Inc. 15,828
740 J&J Snack Foods Corp. 23,014
3,546 JM Smucker Co. 170,031
1,500 Jones Soda Co. * 13,425
1,692 Lance, Inc. 37,258
500 M&F Worldwide Corp. * 7,350
78 Maui Land & Pineapple Co., Inc. * 2,314
7,900 McCormick & Co., Inc. 300,042
600 MGP Ingredients, Inc. 12,762
2,939 Molson Coors Brewing Co. Class B 202,497
685 Nash Finch Co. 16,118
728 National Beverage Corp. 8,670
3,147 Pathmark Stores, Inc. * 31,313
904 Peet's Coffee & Tea, Inc. * 22,609
3,753 PepsiAmericas, Inc. 80,089
2,059 Performance Food Group Co. * 57,837
2,394 Pilgrim's Pride Corp. 65,476
800 Premium Standard Farms, Inc. 15,240
1,668 Ralcorp Holdings, Inc. * 80,448
2,359 Ruddick Corp. 61,405
1,121 Sanderson Farms, Inc. 36,276
11 Seaboard Corp. 13,255
5,990 Smithfield Foods, Inc. * 161,850
1,400 Spartan Stores, Inc. 23,660
12,200 Supervalu, Inc. 361,730
715 Tejon Ranch Co. * 30,337
2,148 Tootsie Roll Industries, Inc. 62,958
1,900 TreeHouse Foods, Inc. * 44,935
2,606 United Natural Foods, Inc. * 80,760
1,553 Universal Corp. 56,731
2,098 Vector Group Ltd. 34,028
100 Village Super Market, Inc. 6,690
709 Weis Markets, Inc. 28,218
1,559 Wild Oats Markets, Inc. * 25,209
---------
7,081,785
---------
FOREST PRODUCTS & PAPER - 0.4%
53,666 Bowater, Inc. # 1,103,910
1,829 Buckeye Technologies, Inc. * 15,547
1,734 Caraustar Industries, Inc. * 13,820
597 Deltic Timber Corp. 28,453
2,617 Glatfelter 35,460
3,801 Longview Fibre Co. 77,236
6,312 Louisiana-Pacific Corp. 118,476
2,000 Mercer International, Inc. * 18,880
900 Neenah Paper, Inc. 30,807
2,187 Potlatch Corp. 81,138
4,536 Rayonier, Inc. 171,461
2,109 Rock-Tenn Co. 41,758
896 Schweitzer-Mauduit International, Inc. 17,006
6,668 Temple-Inland, Inc. 267,387
2,524 Wausau-Mosinee Paper Corp. 34,074
10
Portfolio of Investments
MetLife Investment Funds, Inc. / Small Company Stock Fund / September 30, 2006
(Unaudited) (continued)
Shares Value
------------------------------------------------------------------------------
1,000 Xerium Technologies, Inc. 11,080
---------
2,066,493
---------
HEALTH CARE - 5.7%
1,104 Abaxis, Inc. * 25,823
1,588 Abiomed, Inc. * 23,487
1,000 Adeza Biomedical Corp. * 16,410
3,435 Advanced Medical Optics, Inc. * 135,854
700 Air Methods Corp. * 16,520
2,951 Align Technology, Inc. * 33,582
241 Alliance Imaging, Inc. * 1,882
877 Amedisys, Inc. * 34,791
4,322 American Medical Systems Holdings, Inc. * 79,654
3,214 AMERIGROUP Corp. * 94,974
1,993 AMN Healthcare Services, Inc. * 47,334
1,659 Amsurg Corp. * 36,929
800 AngioDynamics, Inc. * 16,568
2,320 Apria Healthcare Group, Inc. * 45,797
39,319 Arrow International, Inc. # 1,250,737
1,521 Arthrocare Corp. * 71,274
729 Aspect Medical Systems, Inc. * 12,444
3,139 Bausch & Lomb, Inc. 157,358
3,880 Beckman Coulter, Inc. 223,333
161,800 Bio-Reference Labs, Inc. #* 3,632,410
978 Biosite, Inc. * 45,213
1,200 Brookdale Senior Living, Inc. 55,704
2,795 Bruker BioSciences Corp. * 19,593
1,611 Candela Corp. * 17,576
1,500 Capital Senior Living Corp. * 13,875
2,450 Centene Corp. * 40,278
3,309 Cepheid, Inc. * 23,891
1,900 Cerus Corp. * 10,545
37,575 Community Health Systems, Inc. #* 1,403,426
1,500 Conceptus, Inc. * 26,535
1,590 Conmed Corp. * 33,565
2,592 Cooper Cos, Inc. 138,672
302 Corvel Corp. * 10,594
2,818 Covance, Inc. * 187,059
1,069 Cyberonics, Inc. * 18,740
6,753 Cytyc Corp. * 165,313
5,246 Dade Behring Holdings, Inc. 210,679
696 Datascope Corp. 23,295
9,600 DENTSPLY International, Inc. 289,056
1,200 DexCom, Inc. * 13,356
1,400 DJ Orthopedics, Inc. * 58,142
3,487 Edwards Lifesciences Corp. * 162,459
500 Emeritus Corp. * 10,775
2,979 Encore Medical Corp. * 18,768
826 ev3, Inc. * 14,050
2,000 Five Star Quality Care, Inc. * 21,520
1,200 Foxhollow Technologies, Inc. * 41,028
3,056 Gen-Probe, Inc. * 143,296
1,131 Genesis HealthCare Corp. * 53,870
1,609 Gentiva Health Services, Inc. * 26,452
1,671 Haemonetics Corp. * 78,203
1,200 Healthspring, Inc. * 23,100
2,200 HealthTronics, Inc. * 13,574
1,977 Healthways, Inc. * 88,174
5,270 Henry Schein, Inc. * 264,238
3,742 Hillenbrand Industries, Inc. 213,219
3,220 Hologic, Inc. * 140,134
800 Horizon Health Corp. * 12,216
1,800 Hythiam, Inc. * 12,996
896 ICU Medical, Inc. * 40,750
1,897 Idexx Laboratories, Inc. * 172,893
4,254 Immucor, Inc. * 95,332
1,400 IntraLase Corp. * 27,594
2,200 Intuitive Surgical, Inc. * 231,990
1,834 Invacare Corp. 43,136
1,700 Inverness Medical Innovations, Inc. * 59,092
1,100 Iris International, Inc. * 12,650
800 Kensey Nash Corp. * 23,416
1,602 Kindred Healthcare, Inc. * 47,627
2,677 Kinetic Concepts, Inc. * 84,218
2,600 Kyphon, Inc. * 97,292
1,190 LCA-Vision, Inc. 49,159
500 LHC Group, Inc. * 11,160
3,439 LifePoint Hospitals, Inc. * 121,465
5,814 Lincare Holdings, Inc. * 201,397
1,918 Luminex Corp. * 34,965
4,342 Manor Care, Inc. 227,000
1,400 Matria Healthcare, Inc. * 38,906
666 Medcath Corp. * 20,040
600 Medical Action Industries, Inc. * 16,134
800 Medifast, Inc. * 6,944
2,226 Mentor Corp. 112,168
1,277 Merge Technologies, Inc. * 8,786
1,159 Meridian Bioscience, Inc. 27,248
1,568 Merit Medical Systems, Inc. * 21,293
668 Molina Healthcare, Inc. * 23,620
379 National Healthcare Corp. 20,364
1,200 Natus Medical, Inc. * 16,380
800 Neurometrix, Inc. * 15,208
500 Nighthawk Radiology Holdings, Inc. * 9,565
900 Northstar Neuroscience, Inc. * 11,880
2,000 NuVasive, Inc. * 40,220
1,100 NxStage Medical, Inc. * 9,647
1,592 Oakley, Inc. 27,144
2,125 Odyssey HealthCare, Inc. * 30,133
1,317 Option Care, Inc. 17,635
2,592 OraSure Technologies, Inc. * 20,840
1,105 Palomar Medical Technologies, Inc. * 46,631
8,300 Patterson Cos., Inc. * 278,963
40,498 Pediatrix Medical Group, Inc. * 1,846,709
1,274 PolyMedica Corp. 54,540
4,178 PSS World Medical, Inc. * 83,518
3,216 Psychiatric Solutions, Inc. * 109,633
1,900 Quidel Corp. * 26,828
11
Portfolio of Investments
MetLife Investment Funds, Inc. / Small Company Stock Fund / September 30, 2006
(Unaudited) (continued)
Shares Value
-------------------------------------------------------------------------------
700 Radiation Therapy Services, Inc. * 20,461
1,197 RehabCare Group, Inc. * 15,681
1,262 Res-Care, Inc. * 25,354
4,470 Resmed, Inc. * 179,917
104,588 Respironics, Inc. #* 4,038,143
3,292 Sierra Health Services * 124,569
1,000 Sirona Dental Systems, Inc. 32,930
1,600 Solexa, Inc. * 14,112
998 SonoSite, Inc. * 28,343
1,900 Spectranetics Corp. * 22,230
1,200 Stereotaxis, Inc. * 12,420
57,906 Steris Corp. # 1,393,218
1,600 Sun Healthcare Group, Inc. * 17,184
2,628 Sunrise Senior Living, Inc. * 78,498
925 SurModics, Inc. * 32,486
116,917 Symbion, Inc. #* 2,146,596
2,100 Symmetry Medical, Inc. * 31,689
2,310 Techne Corp. * 117,487
28,300 Tenet Healthcare Corp. * 230,362
3,328 ThermoGenesis Corp. * 12,879
2,978 Thoratec Corp. * 46,487
5,165 Triad Hospitals, Inc. * 227,415
2,272 TriPath Imaging, Inc. * 20,516
2,550 United Surgical Partners International, Inc. * 63,317
34,020 Universal Health Services, Inc. Class B # 2,038,819
1,730 Ventana Medical Systems * 70,636
1,858 Viasys Healthcare, Inc. * 50,612
600 Visicu, Inc. * 5,382
700 VistaCare, Inc. * 7,280
800 Vital Images, Inc. * 25,264
323 Vital Signs, Inc. 18,285
1,900 WellCare Health Plans, Inc. * 107,597
1,970 West Pharmaceutical Services, Inc. 77,362
2,145 Wright Medical Group, Inc. * 52,016
240 Young Innovations, Inc. 8,630
616 Zoll Medical Corp. * 22,108
----------
26,038,738
----------
HOTELS & RESTAURANTS - 2.1%
1,316 Ameristar Casinos, Inc. 28,570
67,254 Applebees International, Inc. # 1,446,634
2,158 Aztar Corp. * 114,396
1,000 BJ's Restaurants, Inc. * 22,010
2,064 Bob Evans Farms, Inc. 62,498
2,500 Boyd Gaming Corp. 96,100
412 Buffalo Wild Wings, Inc. * 15,759
1,600 Burger King Holdings, Inc. * 25,536
1,295 California Pizza Kitchen, Inc. * 38,759
1,822 CBRL Group, Inc. 73,663
41,290 CEC Entertainment, Inc. #* 1,301,048
4,740 Cheesecake Factory * 128,881
500 Chipotle Mexican Grill, Inc. Class A * 24,835
1,996 Choice Hotels International, Inc. 81,636
3,500 CKE Restaurants, Inc. 58,520
2,300 Cosi, Inc. * 12,328
5,900 Denny's Corp. * 20,119
2,300 Domino's Pizza, Inc. 58,995
1,124 IHOP Corp. 52,097
2,201 Jack in the Box, Inc. * 114,848
3,397 Krispy Kreme Doughnuts, Inc. * 27,516
1,010 Landry's Restaurants, Inc. 30,451
912 Lodgian, Inc. * 12,111
996 Lone Star Steakhouse & Saloon, Inc. 27,659
1,392 Marcus Corp. 31,974
127,663 McCormick & Schmick's Seafood Restaurants, Inc. #* 2,871,141
600 Monarch Casino & Resort, Inc. * 11,634
1,200 Morgans Hotel Group Co. * 15,000
700 Morton's Restaurant Group, Inc. * 10,787
1,476 MTR Gaming Group, Inc. * 13,860
1,271 O'Charleys, Inc. * 24,111
4,094 OSI Restaurant Partners, Inc. 129,821
1,780 Panera Bread Co. * 103,685
1,358 Papa John's International, Inc. * 49,037
1,457 PF Chang's China Bistro, Inc. * 50,572
1,875 Rare Hospitality International, Inc. * 57,300
883 Red Robin Gourmet Burgers, Inc. * 40,715
600 Riviera Holdings Corp. * 12,258
3,400 Ruby Tuesday, Inc. 95,846
1,100 Ruth's Chris Steak House * 20,702
2,657 Ryan's Restaurant Group, Inc. * 42,167
5,284 Sonic Corp. * 119,471
2,838 Station Casinos, Inc. 164,122
1,939 Steak N Shake Co. * 32,750
157,900 Texas Roadhouse, Inc. #* 1,939,012
3,674 Triarc Cos. Class B 55,551
1,700 Trump Entertainment Resorts, Inc. * 28,832
----------
9,795,317
----------
HOUSEHOLD PRODUCTS - 1.4%
2,700 Acco Brands Corp. * 60,102
47,687 American Greetings Corp. # 1,102,523
668 American Woodmark Corp. 22,505
1,380 Blyth, Inc. 33,575
1,320 Central Garden and Pet Co. * 63,703
3,933 Church & Dwight, Inc. 153,820
900 CNS, Inc. 25,407
476 CSS Industries, Inc. 14,147
999 Digital Theater Systems, Inc. * 21,159
1,600 Ennis Business Forms 34,640
1,930 Ethan Allen Interiors, Inc. 66,894
135,475 Fossil, Inc. #* 2,918,132
35,026 Furniture Brands International, Inc. # 666,895
300 Hooker Furniture Corp. 4,398
2,828 Jarden Corp. * 93,239
1,617 John H Harland Co. 58,940
1,358 Kimball International, Inc. Class B 26,209
3,120 La-Z-Boy, Inc. 43,555
12
Portfolio of Investments
MetLife Investment Funds, Inc. / Small Company Stock Fund / September 30, 2006
(Unaudited) (continued)
Shares Value
-------------------------------------------------------------------------------
10,900 Leggett & Platt, Inc. 272,827
619 Lifetime Brands, Inc. 11,464
369 National Presto Industries, Inc. 20,395
3,376 Playtex Products, Inc. * 45,238
625 Russ Berrie & Co., Inc. * 9,525
2,838 Scotts Co. 126,263
1,300 Sealy Corp. 16,978
2,205 Spectrum Brands, Inc. * 18,610
980 Standard Register Co. 12,936
528 Stanley Furniture Co., Inc. 11,252
3,052 Tempur-Pedic International, Inc. * 52,403
4,712 Tivo, Inc. * 35,764
2,584 Toro Co. 108,967
3,553 Tupperware Corp. 69,141
823 Universal Electronics, Inc. * 15,637
996 WD-40 Co. 35,527
2,439 Yankee Candle Co., Inc. 71,390
---------
6,344,160
---------
INDUSTRIAL MACHINERY - 1.7%
5,344 AGCO Corp. * 135,470
1,692 Albany International Corp. 53,839
2,787 Applied Industrial Technologies, Inc. 68,003
1,025 Astec Industries, Inc. * 25,881
1,905 Baldor Electric Co. 58,731
3,110 Briggs & Stratton Corp. 85,680
1,900 Bucyrus International, Inc. 80,598
687 Cascade Corp. 31,362
105,130 Cognex Corp. # 2,655,584
1,100 Columbus McKinnon Corp. * 19,833
2,200 Flow International Corp. * 28,534
3,330 Flowserve Corp. * 168,465
1,452 Franklin Electric Co., Inc. 77,159
3,154 Gardner Denver, Inc. * 104,334
519 Gehl Co. * 13,899
1,500 Gerber Scientific, Inc. * 22,470
481 Gorman-Rupp Co. 15,729
4,073 Graco, Inc. 159,091
3,170 IDEX Corp. 136,468
3,143 Intermec, Inc. * 82,849
970 Intevac, Inc. * 16,296
900 iRobot Corp. * 18,054
6,512 JLG Industries, Inc. 129,003
794 Kadant, Inc. * 19,501
2,347 Kennametal, Inc. 132,958
2,617 Lincoln Electric Holdings, Inc. 142,496
684 Lindsay Manufacturing Co. 19,665
3,626 Manitowoc Co. 162,409
439 Middleby Corp. * 33,829
350 NACCO Industries, Inc. 47,569
1,747 Nordson Corp. 69,635
1,963 Presstek, Inc. * 10,581
1,817 Regal-Beloit Corp. 79,040
699 Robbins & Myers, Inc. 21,613
699 Sauer-Danfoss, Inc. 16,762
3,529 Snap-On, Inc. 157,217
4,906 Stanley Works 244,564
1,080 Tecumseh Products Co. * 16,427
1,050 Tennant Co. 25,557
6,064 Terex Corp. * 274,214
900 TurboChef Technologies, Inc. * 12,510
66,917 Wabtec Corp. # 1,815,458
4,377 Zebra Technologies Corp. * 156,434
---------
7,645,771
---------
INSURANCE - 3.0%
2,017 21st Century Insurance Group 30,154
600 Affirmative Insurance Holdings, Inc. 8,790
2,002 Alfa Corp. 34,575
276 Alleghany Corp. * 79,767
3,392 American Equity Investment Life Holding Co. 41,620
3,330 American Financial Group, Inc. 156,277
895 American National Insurance Co. 103,731
400 American Physicians Capital, Inc. * 19,352
2,342 AmerUs Group Co. 159,279
1,909 Argonaut Group, Inc. * 59,236
5,681 Arthur J Gallagher & Co. 151,512
370 Baldwin & Lyons, Inc. Class B 8,961
1,271 Bristol West Holdings, Inc. 18,493
6,568 Brown & Brown, Inc. 200,718
709 CNA Surety Corp. * 14,322
3,268 Commerce Group, Inc. 98,203
9,116 Conseco, Inc. * 191,345
1,931 Crawford & Co. Class B 13,111
500 Darwin Professional Underwriters, Inc. * 11,105
2,350 Delphi Financial Group 93,718
1,003 Direct General Corp. 13,500
561 Donegal Group, Inc. 11,343
507 EMC INS Group, Inc. 14,622
200 Enstar Group, Inc. * 19,108
2,906 Erie Indemnity Co. 152,187
696 FBL Financial Group, Inc. 23,295
1,900 Fidelity National Title Group, Inc. ClassA 39,824
730 First Acceptance Corp. * 8,388
5,081 First American Corp. 215,130
690 FPIC Insurance Group, Inc. * 27,331
283 Great American Financial Resources, Inc. 5,923
2,997 Hanover Insurance Group, Inc. 133,756
31,716 Harleysville Group, Inc. # 1,109,743
6,737 HCC Insurance Holdings, Inc. 221,513
2,125 Hilb Rogal & Hobbs Co. 90,631
2,414 Horace Mann Educators Corp. 46,421
360 Independence Holding Co. 7,834
30,134 Infinity Property & Casualty Corp. # 1,239,411
400 James River Group, Inc. * 11,740
202 Kansas City Life Ins Co. 9,199
13
Portfolio of Investments
MetLife Investment Funds, Inc. / Small Company Stock Fund / September 30, 2006
(Unaudited) (continued)
Shares Value
------------------------------------------------------------------------------
1,038 LandAmerica Financial Group, Inc. 68,290
554 Markel Corp. * 227,506
1,700 Meadowbrook Insurance Group, Inc. * 19,142
1,487 Mercury General Corp. 73,770
666 Midland Co. 28,851
1,000 National Interstate Corp. 24,600
100 National Western Life Insurance Co. 22,989
698 Navigators Group, Inc. * 33,511
400 NYMAGIC, Inc. 12,680
700 Odyssey Re Holdings Corp. 23,646
46,246 Ohio Casualty Corp. # 1,196,384
13,925 Old Republic International Corp. 308,439
3,249 Philadelphia Consolidated Holding Co. * 129,245
6,900 Phoenix Cos, Inc. 96,600
51,900 Platinum Underwriters Holdings Ltd. 1,600,077
1,480 PMA Capital Corp. * 13,054
5,300 PMI Group, Inc. 232,193
1,441 Presidential Life Corp. 32,235
1,994 ProAssurance Corp. * 98,264
4,268 Protective Life Corp. 195,261
1,792 Reinsurance Group of America, Inc. 93,059
1,293 RLI Corp. 65,671
900 Safety Insurance Group, Inc. 43,794
700 SCPIE Holdings, Inc. * 16,478
673 SeaBright Insurance Holdings, Inc. * 9,402
1,734 Selective Insurance Group, Inc. 91,226
26,182 Stancorp Financial Group, Inc. 1,168,503
796 State Auto Financial Corp. 24,318
1,025 Stewart Information Services Corp. 35,639
1,100 Tower Group, Inc. 36,685
1,600 Transatlantic Holdings, Inc. 96,656
1,360 United Fire & Casualty Co. 42,568
2,745 Unitrin, Inc. 121,247
2,306 Universal American Financial Corp. * 37,057
2,400 USI Holdings Corp. * 32,520
100 Wesco Financial Corp. 43,700
61,230 WR Berkley Corp. 2,166,930
2,137 Zenith National Insurance Corp. 85,245
----------
13,542,603
----------
INTERNET SERVICES & APPLICATIONS - 2.0%
1,266 1-800-FLOWERS.COM, Inc. * 6,659
3,100 24/7 Real Media, Inc. * 26,474
3,900 @Road, Inc. * 22,776
1,100 Access Integrated Technologies, Inc. * 10,417
3,134 Agile Software Corp. * 20,465
9,226 Akamai Technologies, Inc. * 461,208
4,400 aQuantive, Inc. * 103,928
4,923 Ariba, Inc. * 36,873
7,100 Art Technology Group, Inc. * 18,176
1,600 Audible, Inc. * 11,616
2,558 Avocent Corp. * 77,047
1,065 Blue Coat Systems, Inc. * 19,181
900 Blue Nile, Inc. * 32,715
4,903 Checkfree Corp. * 202,592
600 Click Commerce, Inc. * 13,572
25,527 CMGI, Inc. * 27,059
8,819 CNET Networks, Inc. * 84,486
1,644 Cogent Communications Group, Inc. * 19,054
17,800 Covad Communications Group, Inc. * 26,522
1,724 Cybersource Corp. * 20,395
116,600 DealerTrack Holdings, Inc. #* 2,578,026
1,969 Digital Insight Corp. * 57,731
2,391 Digital River, Inc. * 122,228
4,934 Digitas, Inc. * 47,465
5,700 Drugstore.com * 19,665
8,263 Earthlink, Inc. * 60,072
1,000 eCollege.com, Inc. * 15,990
16,077 Emdeon Corp. * 188,262
1,629 Equinix, Inc. * 97,903
2,821 eResearch Technology, Inc. * 22,878
2,522 F5 Networks, Inc. * 135,482
2,543 GSI Commerce, Inc. * 37,738
2,875 Harris Interactive, Inc. * 17,537
800 I.D. Systems, Inc. * 18,904
1,000 i2 Technologies, Inc. * 18,730
1,819 Infospace, Inc. * 33,542
1,940 Internap Network Services Corp. * 29,527
2,300 Internet Capital Group, Inc. * 21,735
2,205 Internet Security Systems * 61,211
2,914 Interwoven, Inc. * 32,141
4,512 Ipass, Inc. * 21,116
3,000 j2 Global Communications, Inc. * 81,510
1,203 Jupitermedia Corp. * 10,418
1,000 Knot, Inc. * 22,130
3,956 Lionbridge Technologies * 30,184
700 Liquidity Services, Inc. * 10,913
9,600 McAfee, Inc. * 234,816
6,186 Move, Inc. * 30,373
3,206 Netbank, Inc. 19,396
2,489 NetFlix, Inc. * 56,699
642 Netratings, Inc. * 9,136
2,032 NIC, Inc. * 10,465
1,900 Nutri/System, Inc. * 118,351
162,192 Online Resources Corp. #* 1,986,852
5,572 Openwave Systems, Inc. * 52,154
4,555 Opsware, Inc. * 41,041
634 Overstock.com, Inc. * 11,114
1,200 Perficient, Inc. * 18,816
1,662 Priceline.com, Inc. * 61,145
1,210 ProQuest Co. * 15,754
6,400 RealNetworks, Inc. * 67,904
4,032 Redback Networks, Inc. * 55,964
800 RightNow Technologies, Inc. * 12,488
5,043 S1 Corp. * 23,248
7,900 Safeguard Scientifics, Inc. * 15,484
4,931 Sapient Corp. * 26,874
14
Portfolio of Investments
MetLife Investment Funds, Inc. / Small Company Stock Fund / September 30, 2006
(Unaudited) (continued)
Shares Value
------------------------------------------------------------------------------
2,748 Secure Computing Corp. * 17,395
16,500 Shutterfly, Inc. * 256,575
1,554 Sohu.com, Inc. * 34,219
3,465 SonicWALL, Inc. * 37,838
1,217 Stamps.com, Inc. * 23,196
1,721 Stellent, Inc. 18,656
6,000 Stratex Networks, Inc. * 26,640
1,550 Terremark Worldwide, Inc. * 8,602
1,200 TheStreet.com, Inc. 12,768
13,070 TIBCO Software, Inc. * 117,369
125 Travelzoo, Inc. * 3,603
2,663 Trizetto Group * 40,318
3,727 United Online, Inc. 45,395
6,000 Valueclick, Inc. * 111,240
1,600 VASCO Data Security International, Inc. * 16,576
1,550 Vignette Corp. * 20,987
2,426 WebEx Communications, Inc. * 94,663
500 WebMD Health Corp. * 17,170
3,170 webMethods, Inc. * 24,250
2,800 Websense, Inc. * 60,508
700 WebSideStory, Inc. * 9,247
----------
8,899,542
----------
MANUFACTURING - 2.9%
1,660 Actuant Corp. 83,166
2,643 Acuity Brands, Inc. 119,992
600 American Railcar Industries, Inc. 17,466
500 Ameron International Corp. 33,220
1,234 AO Smith Corp. 48,657
2,130 Aptargroup, Inc. 108,374
2,076 Barnes Group, Inc. 36,455
1,900 Blount International, Inc. * 19,038
34,239 Brink's Co. # 1,816,721
1,847 Carlisle Cos., Inc. 155,333
1,595 Ceradyne, Inc. * 65,539
3,068 Clarcor, Inc. 93,543
38,791 Crane Co. # 1,621,464
4,558 Donaldson Co., Inc. 168,190
1,300 EnPro Industries, Inc. * 39,078
1,586 ESCO Technologies, Inc. * 73,019
2,884 Federal Signal Corp. 43,981
1,100 Flanders Corp. * 9,416
800 Freightcar America, Inc. 42,400
700 GenTek, Inc. * 19,327
41,842 Griffon Corp. #* 998,769
21,982 Harsco Corp. 1,706,902
5,450 Hexcel Corp. * 77,117
4,631 Jacuzzi Brands, Inc. * 46,264
700 Koppers Holdings, Inc. 13,279
1,547 Lancaster Colony Corp. 69,244
1,876 Matthews International Corp. 69,056
1,425 Myers Industries, Inc. 24,225
7,682 Pall Corp. 236,682
6,004 Pentair, Inc. 157,245
700 PW Eagle, Inc. 21,007
800 Raven Industries, Inc. 24,008
1,100 Reddy Ice Holdings, Inc. 26,620
105,118 Roper Industries, Inc. # 4,702,979
1,900 Smith & Wesson Holding Corp. * 26,372
3,625 SPX Corp. 193,720
696 Standex International Corp. 19,404
2,372 Teleflex, Inc. 131,978
1,869 Tredegar Corp. 31,287
4,858 Trinity Industries, Inc. 156,282
----------
13,346,819
----------
METALS & MINING - 3.2%
6,685 AK Steel Holding Corp. * 81,156
54,600 Alpha Natural Resources, Inc. #* 860,496
669 AM Castle & Co. 17,956
1,121 Amcol International Corp. 27,924
500 Ampco-Pittsburgh Corp. 15,465
30,860 Arch Coal, Inc. # 892,163
1,309 Brush Engineered Materials, Inc. * 32,555
1,511 Carpenter Technology Corp. 162,448
1,538 Century Aluminum Co. * 51,754
33,144 Chaparral Steel Co. #* 1,128,885
1,028 CIRCOR International, Inc. 31,405
2,404 Cleveland-Cliffs, Inc. 91,616
17,122 Coeur d'Alene Mines Corp. * 80,645
7,140 Commercial Metals Co. 145,156
1,950 Compass Minerals International, Inc. 55,204
700 Dynamic Materials Corp. 22,694
2,700 Foundation Coal Holdings, Inc. 87,399
42,570 Gibraltar Industries, Inc. # 944,202
6,776 Hecla Mining Co. * 38,894
6,800 International Coal Group, Inc. * 28,696
17,070 IPSCO, Inc. 1,479,457
800 James River Coal Co. * 8,440
49,805 Kaydon Corp. # 1,843,781
700 L.B. Foster Co. Class A * 11,270
900 Ladish Co., Inc. * 25,992
199 Lawson Products 8,342
4,872 Massey Energy Co. 102,020
41,492 Mueller Industries, Inc. # 1,459,274
43,900 Mueller Water Products, Inc. Class A #* 641,379
1,206 NN, Inc. 14,267
1,409 NS Group, Inc. * 90,951
500 Olympic Steel, Inc. 12,430
2,116 Oregon Steel Mills, Inc. * 103,409
2,166 Quanex Corp. 65,738
78,700 RBC Bearings, Inc. #* 1,900,605
3,882 Reliance Steel & Aluminum Co. 124,767
1,232 Royal Gold, Inc. 33,424
1,272 RTI International Metals, Inc. * 55,434
1,350 Ryerson Tull, Inc. 29,551
1,277 Schnitzer Steel Industries, Inc. 40,276
2,975 Steel Dynamics, Inc. 150,089
15
Portfolio of Investments
MetLife Investment Funds, Inc. / Small Company Stock Fund / September 30, 2006
(Unaudited) (continued)
Shares Value
----------------------------------------------------------------------------
656 Steel Technologies, Inc. 12,877
2,177 Stillwater Mining Co. * 18,287
37,910 Timken Co. 1,128,960
5,015 USEC, Inc. 48,345
1,057 Valmont Industries, Inc. 55,228
500 Westmoreland Coal Co. * 9,835
500 Wheeling-Pittsburgh Corp. * 8,555
4,330 Worthington Industries 73,870
----------
14,353,566
----------
MULTIMEDIA - 1.3%
1,800 Acacia Research - Acacia Technologies * 20,430
47,073 Belo Corp. # 744,224
25,994 Charter Communications, Inc. * 39,511
177,632 Citadel Broadcasting Corp. # 1,669,741
3,116 CKX, Inc. * 38,794
750 Courier Corp. 27,855
2,431 Cox Radio, Inc. * 37,316
1,083 Crown Media Holdings, Inc. * 4,863
1,500 CTC Media, Inc. * 31,657
3,022 Cumulus Media, Inc. * 28,890
16,800 Discovery Holding Co. * 242,928
3,700 Dow Jones & Co., Inc. 124,098
2,046 Emmis Communications Corp. * 25,064
1,766 Entercom Communications Corp. 44,503
4,019 Entravision Communications Corp. * 29,901
425 Fisher Communications, Inc. * 17,659
14,474 Gemstar-TV Guide International, Inc. * 48,054
2,761 Gray Television, Inc. 17,698
1,735 Hearst-Argyle Television, Inc. 39,818
2,550 John Wiley & Sons, Inc. 91,825
2,691 Journal Communications, Inc. 30,328
1,924 Journal Register Co. 10,909
2,907 Lee Enterprises, Inc. 73,373
1,862 Lin TV Corp. * 14,486
1,225 Lodgenet Entertainment Corp. * 23,128
1,405 Martha Stewart Living Omnimedia 24,953
3,258 McClatchy Co. 137,455
1,357 Media General, Inc. 51,186
3,721 Mediacom Communications Corp. * 26,494
26,628 Meredith Corp. 1,313,559
8,100 New York Times Co. Class A 186,138
1,200 Outdoor Channel Holdings, Inc. * 13,068
804 Playboy Enterprises, Inc. Class B * 7,566
9,323 Primedia, Inc. * 14,171
2,300 Private Media Group Ltd. * 9,292
4,700 Radio One, Inc. Class D * 29,375
5,539 Reader's Digest Association, Inc. 71,785
571 Salem Communications Corp. 6,458
1,976 Scholastic Corp. * 61,552
2,521 Sinclair Broadcast Group, Inc. 19,790
2,194 Spanish Broadcasting System * 9,588
4,801 Sun-Times Media Group, Inc. 31,591
71 Value Line, Inc. 3,309
3,675 Westwood One, Inc. 26,019
1,361 World Wrestling Entertainment, Inc. 22,361
15,700 XM Satellite Radio Holdings, Inc. * 202,373
----------
5,745,136
----------
OIL & GAS - 5.5%
1,000 Allis-Chalmers Energy, Inc. * 14,640
700 Alon USA Energy, Inc. 20,643
700 Arena Resources, Inc. * 22,484
1,103 Atlas America, Inc. * 47,076
1,100 ATP Oil & Gas Corp. * 40,634
1,554 Atwood Oceanics, Inc. * 69,883
4,300 Aurora Oil & Gas Corp. * 13,158
800 Basic Energy Services, Inc. * 19,520
33,918 Berry Petroleum Co. 955,131
1,700 Bill Barrett Corp. * 41,752
1,000 Bois d'Arc Energy, Inc. * 15,300
2,850 Brigham Exploration Co. * 19,295
1,000 Bronco Drilling Co., Inc. * 17,580
2,851 Cabot Oil & Gas Corp. 136,648
1,336 Callon Petroleum Co. * 18,116
1,086 CARBO Ceramics, Inc. 39,129
1,200 Carrizo Oil & Gas, Inc. * 30,948
3,200 Cheniere Energy, Inc. * 95,072
4,829 Cimarex Energy Co. 169,933
244 Clayton Williams Energy, Inc. * 7,393
1,600 CNX Gas Corp. * 37,072
154,700 Complete Production Services, Inc. #* 3,053,778
2,450 Comstock Resources, Inc. * 66,517
630 Crosstex Energy, Inc. 56,429
800 Delek US Holdings, Inc. * 14,800
3,196 Delta Petroleum Corp. * 71,974
7,200 Denbury Resources, Inc. * 208,080
2,000 Dresser-Rand Group, Inc. * 40,800
633 Dril-Quip, Inc. * 42,841
22,567 Dynegy, Inc. * 125,021
1,039 Edge Petroleum Corp. * 17,112
3,051 Encore Acquisition Co. * 74,261
2,497 Energy Partners Ltd. * 61,551
7,284 Equitable Resources, Inc. 254,794
4,396 Evergreen Energy, Inc. * 46,510
3,000 EXCO Resources, Inc. * 37,230
1,900 Exploration Co. of Delaware * 18,183
4,186 FMC Technologies, Inc. * 224,788
3,399 Forest Oil Corp. * 107,374
6,920 Frontier Oil Corp. 183,934
4,400 Gasco Energy, Inc. * 11,880
2,100 GeoGlobal Resourses, Inc. * 12,306
900 Giant Industries, Inc. * 73,080
5,310 Global Industries Ltd. * 82,624
500 GMX Resources, Inc. * 15,695
700 Goodrich Petroleum Corp. * 21,084
174,909 Grey Wolf, Inc. #* 1,168,392
854 Gulf Island Fabrication, Inc. 22,281
1,100 Gulfport Energy Corp. * 12,749
16
Portfolio of Investments
MetLife Investment Funds, Inc. / Small Company Stock Fund / September 30, 2006
(Unaudited) (continued)
Shares Value
----------------------------------------------------------------------------
6,009 Hanover Compressor Co. * 109,484
2,400 Harvest Natural Resources, Inc. * 24,840
5,505 Helix Energy Solutions Group, Inc. * 183,867
6,370 Helmerich & Payne, Inc. 146,701
1,200 Hercules Offshore, Inc. * 37,260
2,954 Holly Corp. 127,997
1,487 Hornbeck Offshore Services, Inc. * 49,814
1,754 Houston Exploration Co. * 96,733
1,069 Hydril Co. * 59,928
4,201 Input/Output, Inc. * 41,716
1,833 Lone Star Technologies * 88,681
854 Lufkin Industries, Inc. 45,194
4,300 Mariner Energy, Inc. * 78,991
426 Markwest Hydrocarbon, Inc. 11,928
1,400 Matrix Service Co. * 18,326
2,140 Maverick Tube Corp. * 138,736
1,500 McMoRan Exploration Co. * 26,610
3,839 Meridian Resource Corp. * 11,747
1,000 Metretek Technologies, Inc. * 11,940
900 NATCO Group, Inc. * 25,920
5,060 National Fuel Gas Co. 183,931
35,300 Newfield Exploration Co. #* 1,360,462
5,190 Newpark Resources * 27,663
3,226 Oceaneering International, Inc. * 99,361
2,861 Oil States International, Inc. * 78,677
2,400 Parallel Petroleum Corp. * 48,144
6,373 Parker Drilling Co. * 45,121
1,066 Penn Virginia Corp. 67,595
600 PetroCorp, Inc. # 0
8,136 Petrohawk Energy Corp. * 84,452
1,004 Petroleum Development Corp. * 40,050
2,600 Petroquest Energy, Inc. * 27,118
2,500 Pioneer Drilling Co. * 32,100
4,609 Plains Exploration & Production Co. * 197,772
3,437 Pogo Producing Co. 140,745
1,300 Quest Resource Corp. * 11,544
3,618 Quicksilver Resources, Inc. * 115,414
1,900 RAM Energy Resources, Inc. * 9,120
8,352 Range Resources Corp. 210,804
1,015 Resource America, Inc. 21,112
2,900 Rosetta Resources, Inc. * 49,793
6,556 Rowan Cos., Inc. 207,366
1,098 RPC, Inc. 20,115
1,308 SEACOR Holdings, Inc. * 107,910
3,336 St. Mary Land & Exploration Co. 122,465
1,633 Stone Energy Corp. * 66,104
2,300 SulphCo, Inc. * 14,283
4,784 Superior Energy Services * 125,628
500 Superior Well Services, Inc. * 9,900
1,763 Swift Energy Co. * 73,729
4,057 Tesoro Petroleum Corp. 235,225
4,118 Tetra Technologies, Inc. * 99,491
3,635 Tidewater, Inc. 160,631
29,130 Todco #* 1,007,898
900 Toreador Resources Corp. * 16,578
4,400 Transmeridian Exploration, Inc. * 17,380
700 Trico Marine Services, Inc. * 23,625
700 Union Drilling, Inc. * 7,700
67,459 Unit Corp. * 3,101,090
1,777 Universal Compression Holdings, Inc. * 94,981
3,600 VAALCO Energy, Inc. * 25,848
2,147 Veritas DGC, Inc. * 141,316
1,100 W&T Offshore, Inc. 32,131
126,935 W-H Energy Services, Inc. #* 5,263,994
3,200 Warren Resources, Inc. * 38,976
600 Warrior Energy Service Corp. * 15,450
1,400 Western Refining, Inc. 32,536
46,906 Whiting Petroleum Corp. #* 1,880,931
----------
25,088,147
----------
PHARMACEUTICALS - 0.9%
1,579 Abraxis Bioscience, Inc. * 43,865
1,200 Acadia Pharmaceuticals, Inc. * 10,368
1,800 Adams Respiratory Therapeutics, Inc. * 65,862
2,755 Adolor Corp. * 38,212
3,100 Akorn, Inc. * 11,191
6,062 Alkermes, Inc. * 96,083
2,000 Alnylam Pharmaceuticals, Inc. * 28,820
2,676 Alpharma, Inc. 62,592
500 Altus Pharmaceuticals, Inc. * 7,985
1,900 Anadys Pharmaceuticals, Inc. * 5,510
4,454 Andrx Corp. * 108,811
1,913 Array Biopharma, Inc. * 16,299
2,600 Atherogenics, Inc. * 34,242
1,500 Auxilium Pharmaceuticals, Inc. * 15,180
1,800 AVANIR Pharmaceuticals Class A * 12,456
3,400 AVI BioPharma, Inc. * 12,342
972 Bentley Pharmaceuticals, Inc. * 11,664
1,500 BioCryst Pharmaceuticals, Inc. * 18,705
1,700 Bioenvision, Inc. * 9,367
4,909 BioMarin Pharmaceuticals, Inc. * 69,855
1,000 Bradley Pharmaceuticals, Inc. * 15,920
971 Caraco Pharmaceutical Laboratories Ltd. * 9,865
3,741 Cephalon, Inc. * 231,007
1,700 Combinatorx, Inc. * 10,591
2,109 Connetics Corp. * 22,988
1,900 Conor Medsystems, Inc. * 44,783
3,053 Cubist Pharmaceuticals, Inc. * 66,372
3,609 CV Therapeutics, Inc. * 40,204
1,845 Cypress Bioscience, Inc. * 13,468
3,584 Dendreon Corp. * 16,020
2,500 DepoMed, Inc. * 10,200
4,202 Durect Corp. * 17,228
1,600 Emisphere Technologies, Inc. * 13,520
7,983 Endo Pharmaceuticals Holdings, Inc. * 259,847
9,000 Genta, Inc. * 7,020
1,685 HealthExtras, Inc. * 47,702
600 Hi-Tech Pharmacal Co., Inc. * 7,584
17
Portfolio of Investments
MetLife Investment Funds, Inc. / Small Company Stock Fund / September 30, 2006
(Unaudited) (continued)
Shares Value
--------------------------------------------------------------------------
1,377 I-Flow Corp. * 16,552
1,800 Idenix Pharmaceuticals, Inc. * 17,460
4,200 ImClone Systems, Inc. * 118,944
3,100 Indevus Pharmaceuticals, Inc. * 18,352
4,392 Isis Pharmaceuticals, Inc. * 31,535
14,776 King Pharmaceuticals, Inc. * 251,635
1,172 Kos Pharmaceuticals, Inc. * 57,920
2,100 KV Pharmaceutical Co. * 49,770
1,040 Mannatech, Inc. 18,429
1,600 Mannkind Corp. * 30,400
7,193 Medarex, Inc. * 77,253
3,149 Medicines Co. * 71,041
3,318 Medicis Pharmaceutical Corp. 107,337
4,918 MGI Pharma, Inc. * 84,639
12,400 Mylan Laboratories, Inc. 249,612
3,634 Nabi Biopharmaceuticals * 21,005
1,200 Nastech Pharmaceutical Co., Inc. * 18,312
3,166 NBTY, Inc. * 92,669
1,964 Neurocrine Biosciences, Inc. * 21,113
812 New River Pharmaceuticals, Inc. * 20,893
1,401 Noven Pharmaceuticals, Inc. * 33,792
2,229 NPS Pharmaceuticals, Inc. * 8,492
3,205 Nuvelo, Inc. * 58,459
2,449 Onyx Pharmaceuticals, Inc. * 42,343
3,319 OSI Pharmaceuticals, Inc. * 124,562
2,438 Pain Therapeutics, Inc. * 21,016
2,048 Par Pharmaceutical Cos, Inc. * 37,356
1,449 Penwest Pharmaceuticals Co., * 24,126
4,681 Perrigo Co. 79,437
1,200 PetMed Express, Inc. * 12,528
1,583 Pharmion Corp. * 34,114
1,540 Pozen, Inc. * 19,804
1,100 PRA International * 29,359
1,700 Prestige Brands Holdings, Inc. * 18,938
1,228 Progenics Pharmaceuticals, Inc. * 28,809
1,145 Renovis, Inc. * 15,755
1,595 Rigel Pharmaceuticals, Inc. * 16,381
2,400 Salix Pharmaceuticals Ltd. * 32,544
3,000 Santarus, Inc. * 22,260
1,736 Sciele Pharma, Inc. * 32,706
1,521 Tanox, Inc. * 17,978
921 Trimeris, Inc. * 8,105
1,493 United Therapeutics Corp. * 78,442
600 USANA Health Sciences, Inc. * 26,754
5,480 Valeant Pharmaceuticals International 108,394
5,074 VCA Antech, Inc. * 182,968
4,200 ViroPharma, Inc. * 51,114
6,300 Watson Pharmaceuticals, Inc. * 164,871
1,100 Xenoport, Inc. * 22,407
2,300 Zymogenetics, Inc. * 38,801
---------
4,281,214
---------
REAL ESTATE - 4.5%
2,200 Aames Investment Corp. REIT * 7,744
2,079 Acadia Realty Trust REIT 53,015
2,292 Affordable Residential Communities REIT * 22,209
539 Agree Realty Corp. REIT 17,706
108 Alexander's, Inc. REIT * 33,507
1,628 Alexandria Real Estate Equities, Inc. REIT 152,706
5,218 AMB Property Corp. REIT 287,564
1,000 American Campus Communities, Inc. REIT 25,510
7,998 American Financial Realty Trust REIT 89,258
2,737 American Home Mortgage Investment Corp. REIT 95,439
12,271 Annaly Mortgage Management, Inc. REIT 161,241
3,225 Anthracite Capital, Inc. REIT 41,474
2,623 Anworth Mortgage Asset Corp. REIT 21,902
5,918 Apartment Investment & Management Co. REIT 321,998
896 Arbor Realty Trust, Inc. REIT 22,902
81,650 Ashford Hospitality Trust, Inc. REIT # 974,084
392 Avatar Holdings, Inc. REIT * 23,152
4,000 BioMed Realty Trust, Inc. REIT 121,360
69,897 Brandywine Realty Trust REIT # 2,275,147
3,084 BRE Properties REIT 184,207
725 California Coastal Communities, Inc. REIT * 14,906
25,365 Camden Property Trust REIT # 1,927,994
2,325 Capital Lease Funding, Inc. REIT 25,784
484 Capital Trust, Inc. REIT 19,713
3,886 CBL & Associates Properties, Inc. REIT 162,862
2,062 Cedar Shopping Centers, Inc. REIT 33,343
578 CentraCore Properties Trust REIT 18,352
2,794 Colonial Properties Trust REIT 133,581
3,551 Commercial Net Lease Realty REIT 76,702
419 Consolidated-Tomoka Land Co. REIT 26,887
2,039 Corporate Office Properties Trust SBI MD REIT 91,266
2,319 Cousins Properties, Inc. REIT 79,333
4,769 Crescent Real Estate Equity Co. REIT 104,012
3,100 Deerfield Triarc Capital Corp. REIT 40,641
3,800 DiamondRock Hospitality Co. REIT 63,118
1,200 Digital Realty Trust, Inc. REIT 37,584
8,100 Duke Realty Corp. REIT 302,535
1,367 Eastgroup Properties REIT 68,159
40,240 Education Realty Trust, Inc. REIT # 593,942
1,638 Entertainment Properties Trust REIT 80,786
3,454 Equity Inns, Inc. REIT 54,988
1,112 Equity Lifestyle Properties, Inc. REIT 50,830
2,204 Equity One, Inc. REIT 52,830
1,397 Essex Property Trust, Inc. REIT 169,596
2,900 Extra Space Storage, Inc. REIT 50,199
3,152 Federal Realty Investment Trust REIT 234,194
3,628 FelCor Lodging Trust, Inc. REIT 72,741
2,900 Fieldstone Investment Corp. REIT 25,317
2,701 First Industrial Realty Trust, Inc. REIT 118,844
18
Portfolio of Investments
MetLife Investment Funds, Inc. / Small Company Stock Fund / September 30, 2006
(Unaudited) (continued)
Shares Value
---------------------------------------------------------------------------
1,583 First Potomac Realty Trust REIT 47,838
4,290 Forest City Enterprises, Inc. REIT 232,947
3,700 Franklin Street Properties Corp. REIT 73,482
994 Getty Realty Corp. REIT 29,104
1,874 Glenborough Realty Trust, Inc. REIT 48,218
2,376 Glimcher Realty Trust REIT 58,877
1,100 Global Signal, Inc. REIT 55,638
2,600 GMH Communities Trust REIT 32,812
1,100 Gramercy Capital Corp. REIT 27,731
8,110 Health Care Property Investors, Inc. REIT 251,816
3,796 Health Care, Inc. REIT 151,878
2,948 Healthcare Realty Trust, Inc. REIT 113,233
1,600 Heritage Property Investment Trust REIT 58,336
1,400 Hersha Hospitality Trust REIT 13,440
85,919 Highland Hospitality Corp. REIT # 1,231,219
3,223 Highwoods Properties, Inc. REIT 119,928
2,028 Home Properties, Inc. REIT 115,920
3,600 HomeBanc Corp. REIT 22,140
4,268 Hospitality Properties Trust REIT 201,450
12,267 HRPT Properties Trust REIT 146,591
4,506 IMPAC Mortgage Holdings, Inc. REIT 42,221
3,900 Inland Real Estate Corp. REIT 68,328
2,298 Innkeepers USA Trust REIT 37,434
2,966 Investors Real Estate Trust REIT 28,948
6,700 iStar Financial, Inc. REIT 279,390
1,600 JER Investors Trust, Inc. REIT 27,456
2,101 Jones Lang LaSalle, Inc. REIT 179,593
1,934 Kilroy Realty Corp. REIT 145,708
1,800 Kite Realty Group Trust REIT 30,672
4,700 KKR Financial Corp. REIT 115,338
2,364 LaSalle Hotel Properties REIT 102,456
2,924 Lexington Corporate Properties Trust REIT 61,930
5,277 Liberty Property Trust REIT 252,188
1,295 LTC Properties, Inc. REIT 31,404
2,259 Luminent Mortgage Capital, Inc. REIT 23,245
3,826 Mack-Cali Realty Corp. REIT 198,187
2,308 Maguire Properties, Inc. REIT 94,028
2,500 Medical Properties Trust, Inc. REIT 33,475
4,700 MFA Mortgage Investments, Inc. REIT 35,015
1,475 Mid-America Apartment Communities, Inc. REIT 90,300
3,209 Mills Corp. REIT 53,622
1,600 MortgageIT Holdings, Inc. REIT 22,528
1,376 National Health Investors, Inc. REIT 38,982
4,629 Nationwide Health Properties, Inc. REIT 123,779
2,835 New Century Financial Corp. REIT 111,444
6,298 New Plan Excel Realty Trust REIT 170,361
2,600 Newcastle Investment Corp. REIT 71,266
900 Newkirk Realty Trust, Inc. REIT 14,832
2,700 NorthStar Realty Finance Corp. REIT 34,290
2,053 Novastar Financial, Inc. REIT 59,927
3,518 Omega Healthcare Investors, Inc. REIT 52,805
2,412 Pan Pacific Retail Properties, Inc. REIT 167,441
869 Parkway Properties, Inc. REIT 40,400
2,244 Pennsylvania Real Estate Investment Trust REIT 95,527
2,572 Post Properties, Inc. REIT 122,221
968 PS Business Parks, Inc. REIT 58,370
1,786 RAIT Investment Trust REIT 51,526
1,092 Ramco-Gershenson Properties REIT 34,889
5,512 Realty Income Corp. REIT 136,202
32,420 Reckson Associates Realty Corp. REIT 1,387,576
1,254 Redwood Trust, Inc. REIT 63,164
4,116 Regency Centers Corp. REIT 283,016
1,600 Republic Property Trust REIT 17,632
743 Saul Centers, Inc. REIT 33,435
2,900 Saxon Capital, Inc. REIT 40,716
3,950 Senior Housing Properties Trust REIT 84,293
1,300 Sizeler Property Investors REIT 19,539
2,725 SL Green Realty Corp. REIT 304,383
1,150 Sovran Self Storage, Inc. REIT 63,883
5,900 Spirit Finance Corp. REIT 68,499
4,500 St. Joe Co. 246,915
4,300 Strategic Hotel Capital, Inc. REIT 85,484
1,180 Sun Communities, Inc. REIT 37,713
3,400 Sunstone Hotel Investors, Inc. REIT 101,048
1,926 Tanger Factory Outlet Centers REIT 68,604
744 Tarragon Corp. REIT 7,745
3,143 Taubman Centers, Inc. REIT 139,612
6,713 Thornburg Mortgage, Inc. REIT 170,980
2,124 Trammell Crow Co. REIT * 77,547
6,000 Trizec Properties, Inc. REIT 173,460
4,127 Trustreet Properties, Inc. REIT 51,629
2,600 U-Store-It Trust REIT 55,796
7,963 United Dominion Realty Trust, Inc. REIT 240,483
832 Universal Health Realty Trust Income REIT 29,827
1,458 Urstadt Biddle Properties, Inc. REIT 26,492
6,148 Ventas, Inc. REIT 236,944
2,749 Washington Real Estate Investment Trust REIT 109,410
4,812 Weingarten Realty Investors REIT 207,012
1,300 Windrose Medical Properties Trust REIT 22,984
1,794 Winston Hotels, Inc. REIT 22,102
1,700 Winthrop Realty Trust REIT 10,965
----------
20,522,378
----------
RETAIL - 5.3%
2,633 99 Cents Only Stores * 31,148
900 AC Moore Arts & Crafts, Inc. * 17,127
6,506 Advance Auto Parts 214,308
3,100 Aeropostale, Inc. * 90,613
1,300 AFC Enterprises, Inc. * 18,772
430 America's Car Mart, Inc. * 7,074
6,906 American Eagle Outfitters 302,690
19
Portfolio of Investments
MetLife Investment Funds, Inc. / Small Company Stock Fund / September 30, 2006
(Unaudited) (continued)
Shares Value
---------------------------------------------------------------------------
4,236 AnnTaylor Stores Corp. * 177,319
700 Asbury Automotive Group, Inc. 14,420
9,600 AutoNation, Inc. * 200,640
3,110 Barnes & Noble, Inc. 117,993
1,544 Bebe Stores, Inc. 38,260
1,300 Big 5 Sporting Goods Corp. 29,640
6,808 Big Lots, Inc. * 134,866
4,007 BJ's Wholesale Club, Inc. * 116,924
11,110 Blockbuster, Inc. * 42,662
500 Bon-Ton Stores, Inc. 14,870
900 Books-A-Million, Inc. 16,065
67,310 Borders Group, Inc. # 1,373,124
5,047 Brinker International, Inc. 202,334
1,738 Brown Shoe Co., Inc. * 62,290
533 Buckle, Inc. 20,222
900 Build-A-Bear Workshop, Inc. * 20,493
1,900 Cabela's, Inc. * 41,287
745 Cache, Inc. * 13,328
6,193 Carmax, Inc. * 258,310
3,172 Casey's General Stores, Inc. 70,640
1,721 Cash America International, Inc. 67,257
1,900 Casual Male Retail Group, Inc. * 26,087
68,847 Cato Corp. # 1,508,438
1,087 Charlotte Russe Holding, Inc. * 29,936
7,558 Charming Shoppes * 107,928
1,450 Childrens Place * 92,843
2,156 Christopher & Banks Corp. 63,559
300 Citi Trends, Inc. * 10,353
6,002 Claire's Stores, Inc. 175,018
3,543 Coldwater Creek, Inc. * 101,897
584 Conn's, Inc. * 12,188
4,336 Copart, Inc. * 122,232
1,436 Cost Plus, Inc. * 17,189
2,924 CSK Auto Corp. * 41,228
164 DEB Shops, Inc. 4,205
1,105 dELiA*s, Inc. * 8,509
2,240 Dick's Sporting Goods, Inc. * 101,965
3,827 Dillard's, Inc. 125,258
58,674 Dollar Tree Stores, Inc. #* 1,816,547
2,480 Dress Barn, Inc. * 54,114
1,000 DSW, Inc. * 31,500
700 EZCORP, Inc. Class A * 27,076
9,400 Family Dollar Stores, Inc. 274,856
2,334 Finish Line, Inc. 29,455
1,486 First Cash Financial Services, Inc. * 30,597
9,514 Foot Locker, Inc. 240,228
2,503 Fred's, Inc. 31,588
2,507 GameStop Corp. * 116,024
1,363 GameStop Corp. Class B * 60,940
1,221 Genesco, Inc. * 42,088
1,509 Group 1 Automotive, Inc. 75,299
1,692 Guitar Center, Inc. * 75,599
1,101 Haverty Furniture Cos., Inc. 17,561
2,095 Hibbett Sporting Goods, Inc. * 54,847
297,829 HOT Topic, Inc. #* 3,317,815
68,669 Insight Enterprises, Inc. #* 1,415,268
1,300 J. Crew Group, Inc. * 39,910
1,381 Jo-Ann Stores, Inc. * 23,090
1,034 JOS A Bank Clothiers, Inc. * 30,979
28,127 Kenneth Cole Productions, Inc. # 685,455
906 Lithia Motors, Inc. 22,396
1,876 Longs Drug Stores Corp. 86,315
1,600 Luby's, Inc. * 15,792
900 MarineMax, Inc. * 22,905
2,952 Men's Wearhouse, Inc. 109,844
982 Movado Group, Inc. 24,962
2,159 MSC Industrial Direct Co. 87,958
1,600 New York & Co., Inc. * 20,928
3,224 Nu Skin Enterprises, Inc. 56,484
6,796 O'Reilly Automotive, Inc. * 225,695
4,286 OfficeMax, Inc. 174,612
4,205 Pacific Sunwear of California * 63,411
1,302 Pantry, Inc. * 73,394
4,160 Payless Shoesource, Inc. * 103,584
3,271 PEP Boys-Manny Moe & Jack 42,032
3,482 Petco Animal Supplies, Inc. * 99,724
42,300 PETsMART, Inc. # 1,173,825
4,849 Pier 1 Imports, Inc. 35,980
800 PriceSmart, Inc. * 12,080
7,900 RadioShack Corp. 152,470
2,808 Regis Corp. 100,667
1,181 Restoration Hardware, Inc. * 10,239
962 Retail Ventures, Inc. * 14,824
32,218 Rite Aid Corp. * 146,270
54,200 Ross Stores, Inc. # 1,377,222
1,400 Rush Enterprises, Inc. * 23,352
8,002 Saks, Inc. 138,275
1,334 School Specialty, Inc. * 47,077
3,000 Select Comfort Corp. * 65,640
400 Shoe Carnival, Inc. * 10,088
759 Smart & Final, Inc. * 12,956
1,763 Sonic Automotive, Inc. 40,708
44,809 Stage Stores, Inc. # 1,314,696
1,464 Stein Mart, Inc. 22,267
282 Syms Corp. * 5,742
610 Systemax, Inc. * 9,772
1,192 Talbots, Inc. 32,482
8,500 Tiffany & Co. 282,200
2,129 Tractor Supply Co. * 102,746
49,325 Tuesday Morning Corp. # 684,631
1,868 Tween Brands, Inc. * 70,237
1,238 Under Armour, Inc. * 49,545
3,062 United Auto Group, Inc. 71,651
6,792 Urban Outfitters, Inc. * 120,150
800 Volcom, Inc. * 18,032
770 West Marine, Inc. * 10,780
4,800 Wet Seal, Inc. * 29,472
5,868 Williams-Sonoma, Inc. 190,065
20
Portfolio of Investments
MetLife Investment Funds, Inc. / Small Company Stock Fund / September 30, 2006
(Unaudited) (continued)
Shares Value
----------------------------------------------------------------------------
1,600 World Fuel Services Corp. 64,720
61,252 Zale Corp. #* 1,699,130
900 Zumiez, Inc. * 24,300
----------
24,148,672
----------
SAVINGS & LOAN - 1.4%
700 Abington Community Bancorp, Inc. 10,514
1,292 Anchor Bancorp Wisconsin, Inc. 36,899
5,595 Astoria Financial Corp. 172,438
3,834 Bank Mutual Corp. 46,506
2,692 BankAtlantic Bancorp, Inc. 38,280
59,579 BankUnited Financial Corp. # 1,553,225
400 Berkshirehill Bancorp, Inc. 14,236
1,858 BFC Financial Corp. * 10,851
3,650 Brookline Bancorp, Inc. 50,187
1,194 Capitol Federal Financial 42,459
300 Charter Financial Corp. 11,997
600 Citizens First Bancorp, Inc. 15,276
1,100 Clifton Savings Bancorp, Inc. 12,342
2,667 Commercial Capital Bancorp, Inc. * 42,512
1,351 Dime Community Bancshares 19,900
1,230 Downey Financial Corp. 81,844
1,564 Fidelity Bankshares, Inc. 61,012
767 First Financial Holdings, Inc. 26,247
6,318 First Niagara Financial Group, Inc. 92,116
1,194 First Place Financial Corp. 27,056
961 FirstFed Financial Corp. * 54,508
2,088 Flagstar Bancorp, Inc. 30,380
879 Flushing Financial Corp. 15,382
1,394 Franklin Bank Corp. * 27,713
1,269 Harbor Florida Bancshares, Inc. 56,229
600 Home Federal Bancorp, Inc. 9,330
569 Horizon Financial Corp. 16,990
3,100 Investors Bancorp, Inc. * 46,779
400 Itla Capital Corp. 21,504
1,300 Kearny Financial Corp. 19,734
1,908 KNBT Bancorp, Inc. 30,681
29,402 MAF Bancorp, Inc. # 1,214,009
200 NASB Financial, Inc. 7,958
17,600 New York Community Bancorp, Inc. 288,288
6,396 NewAlliance Bancshares, Inc. 93,701
1,238 Northwest Bancorp, Inc. 31,569
306 OceanFirst Financial Corp. 6,564
3,069 Partners Trust Financial Group, Inc. 32,869
766 Pennfed Financial Services, Inc. 12,846
3,418 People's Bank 135,387
1,459 PFF Bancorp, Inc. 54,041
4,064 Provident Financial Services, Inc. 75,225
2,473 Provident New York Bancorp 33,831
700 Rockville Financial, Inc. 10,143
49,958 Sterling Financial Corp. # 1,620,138
964 TierOne Corp. 32,709
1,776 United Community Financial Corp. 21,880
5,175 Washington Federal, Inc. 116,127
900 Wauwatosa Holdings, Inc. * 15,885
267 Westfield Financial, Inc. 8,483
1,000 Willow Grove Bancorp, Inc. 15,660
400 WSFS Financial Corp. 24,876
----------
6,547,316
----------
SEMICONDUCTORS - 3.1%
1,416 Actel Corp. * 22,019
707 ADE Corp. * 22,638
2,300 Advanced Analogic Technologies, Inc. * 12,627
10,200 Agere Systems, Inc. * 152,286
2,921 AMIS Holdings, Inc. * 27,720
6,100 Amkor Technology, Inc. * 31,476
3,000 ANADIGICS, Inc. * 21,480
17,071 Applied Micro Circuits Corp. * 49,335
2,246 Asyst Technologies, Inc. * 15,183
26,376 Atmel Corp. * 159,311
2,121 ATMI, Inc. * 61,657
10,800 Avanex Corp. * 18,684
6,200 Axcelis Technologies, Inc. * 43,772
4,000 Bookham, Inc. * 12,880
4,111 Brooks Automation, Inc. * 53,649
4,842 Cirrus Logic, Inc. * 35,298
1,260 Cohu, Inc. 22,466
29,782 Conexant Systems, Inc. * 59,564
4,469 Credence Systems Corp. * 12,737
4,489 Cree, Inc. * 90,274
8,400 Cypress Semiconductor Corp. * 149,268
1,236 Diodes, Inc. * 53,358
1,716 DSP Group, Inc. * 39,211
2,600 Emcore Corp. * 15,392
86,529 Emulex Corp. * 1,572,232
469,871 Entegris, Inc. #* 5,126,293
2,283 Exar Corp. * 30,341
7,137 Fairchild Semiconductor International, Inc. * 133,462
2,683 Formfactor, Inc. * 113,035
1,821 Genesis Microchip, Inc. * 21,433
800 Hittite Microwave Corp. * 35,600
1,300 Ikanos Communications, Inc. * 15,301
11,845 Integrated Device Technology, Inc. * 190,231
4,268 International Rectifier Corp. * 148,697
8,317 Intersil Corp. 204,182
2,048 IXYS Corp. * 17,183
4,487 Kopin Corp. * 15,031
3,640 Kulicke & Soffa Industries, Inc. * 32,178
6,745 Lattice Semiconductor Corp. * 46,001
23,510 LSI Logic Corp. * 193,252
4,201 LTX Corp. * 21,047
3,414 Mattson Technology, Inc. * 28,336
326,500 Micrel, Inc. #* 3,131,135
4,316 Microsemi Corp. * 81,357
2,400 Microtune, Inc. * 11,664
7,200 Mindspeed Technologies, Inc. * 12,456
2,565 MIPS Technologies, Inc. * 17,314
21
Portfolio of Investments
MetLife Investment Funds, Inc. / Small Company Stock Fund / September 30, 2006
(Unaudited) (continued)
Shares Value
----------------------------------------------------------------------------
2,293 MKS Instruments, Inc. * 46,571
800 Monolithic Power Systems, Inc. * 7,568
1,600 MoSys, Inc. * 10,768
1,100 Netlogic Microsystems, Inc. * 27,907
600 Nextest Systems Corp. * 7,896
7,500 Novellus Systems, Inc. * 207,450
2,900 Omnivision Technologies, Inc. * 41,383
9,608 ON Semiconductor Corp. * 56,495
1,250 Pericom Semiconductor Corp. * 12,187
2,463 Photronics, Inc. * 34,802
1,221 PLX Technology, Inc. * 12,662
12,927 PMC - Sierra, Inc. * 76,786
1,700 Portalplayer, Inc. * 19,176
9,606 QLogic Corp. * 181,553
5,125 Rambus, Inc. * 89,380
1,532 Rudolph Technologies, Inc. * 28,082
921 Semitool, Inc. * 9,523
4,177 Semtech Corp. * 53,299
4,691 Silicon Image, Inc. * 59,669
2,955 Silicon Laboratories, Inc. * 91,664
3,009 Sirf Technology Holdings, Inc. * 72,186
8,877 Skyworks Solutions, Inc. * 46,072
2,500 Spansion, Inc. - Class A * 41,675
1,206 Standard Microsystems Corp. * 34,275
692 Supertex, Inc. * 26,898
11,800 Teradyne, Inc. * 155,288
2,809 Tessera Technologies, Inc. * 97,697
12,600 Transmeta Corp. * 14,490
7,200 Transwitch Corp. * 10,152
8,306 Triquint Semiconductor, Inc. * 43,191
1,426 Ultratech, Inc. * 18,994
3,502 Varian Semiconductor Equipment Associates, Inc. * 128,523
1,963 Veeco Instruments, Inc. * 39,554
1,000 Virage Logic Corp. * 9,110
1,000 Volterra Semiconductor Corp. * 16,250
2,701 Zoran Corp. * 43,432
----------
14,252,654
----------
SOFTWARE - 4.3%
16,688 Activision, Inc. * 251,989
3,700 Actuate Corp. * 16,354
71,474 Acxiom Corp. 1,762,549
1,229 Advent Software, Inc. * 44,502
2,906 Allscripts Healthcare Solutions, Inc. * 65,240
1,300 Altiris, Inc. * 27,417
1,600 American Reprographics Co. * 51,296
1,912 Ansys, Inc. * 84,472
3,209 Aspen Technology, Inc. * 35,042
2,555 Avid Technology, Inc. * 93,053
122,200 BEA Systems, Inc. #* 1,857,440
2,641 Blackbaud, Inc. 58,076
83,200 Blackboard, Inc. #* 2,204,800
12,600 BMC Software, Inc. * 342,972
4,681 Borland Software Corp. * 26,822
1,751 Bottomline Technologies, Inc. * 17,090
3,834 Cerner Corp. * 174,064
5,300 Chordiant Software, Inc. * 16,271
61,322 Commvault Systems, Inc. #* 1,103,796
614 Computer Programs & Systems, Inc. 20,121
240,904 Compuware Corp. * 1,876,642
2,200 Concur Technologies, Inc. * 32,010
1,900 Convera Corp. Class A * 10,051
2,939 CSG Systems International * 77,678
2,576 Dendrite International, Inc. * 25,193
1,328 Digi International, Inc. * 17,928
3,734 Dun & Bradstreet Corp. * 280,013
2,784 Eclipsys Corp. * 49,861
2,922 Funds Corp. * 70,654
1,000 Emageon, Inc. * 15,590
3,380 Epicor Software Corp. * 44,312
801 EPIQ Systems, Inc. * 11,783
3,964 Fair Isaac Corp. 144,963
2,618 FalconStor Software, Inc. * 20,132
2,388 Filenet Corp. * 83,174
4,034 Global Payments, Inc. 177,536
3,610 Hyperion Solutions Corp. * 124,473
1,245 Infocrossing, Inc. * 16,695
5,310 Informatica Corp. * 72,163
1,648 infoUSA, Inc. 13,678
1,900 InPhonic, Inc. * 15,048
1,311 Inter-Tel, Inc. 28,318
2,800 INVESTools, Inc. * 29,764
1,893 JDA Software Group, Inc. * 29,190
2,510 Keane, Inc. * 36,169
7,464 Lawson Software, Inc. * 54,114
1,200 Mantech International Corp. * 39,612
1,546 Mapinfo Corp. * 19,835
622 MicroStrategy, Inc. * 63,338
2,467 Midway Games, Inc. * 21,660
1,109 MRO Software, Inc. * 28,468
5,400 NAVTEQ Corp. * 140,994
1,200 Neoware, Inc. * 16,308
21,267 Novell, Inc. * 130,154
7,311 Nuance Communications, Inc. * 59,731
1,700 Omnicell, Inc. * 30,413
1,239 Open Solutions, Inc. * 35,696
900 OPNET Technologies, Inc. * 11,799
1,609 Packeteer, Inc. * 13,853
99,396 Parametric Technology Corp. #* 1,735,454
184,200 PDF Solutions, Inc. #* 2,018,832
573 Pegasystems, Inc. 5,002
1,834 Per-Se Technologies, Inc. * 41,778
1,600 Phase Forward, Inc. * 19,104
2,571 Progress Software Corp. * 66,846
48,926 QAD, Inc. # 395,322
876 Quality Systems, Inc. 33,980
4,299 Quest Software, Inc. * 61,390
11,000 Red Hat, Inc. * 231,880
22
Portfolio of Investments
MetLife Investment Funds, Inc. / Small Company Stock Fund / September 30, 2006
(Unaudited) (continued)
Shares Value
----------------------------------------------------------------------------
506 Renaissance Learning, Inc. 7,241
5,200 Salesforce.com, Inc. * 186,576
1,104 Schawk, Inc. 20,115
3,847 SEI Investments Co. 216,163
1,300 Smith Micro Software, Inc. * 18,694
1,164 SPSS, Inc. * 29,019
56,450 Sybase, Inc. #* 1,368,348
955 SYNNEX Corp. * 21,975
4,012 Take-Two Interactive Software, Inc. * 57,211
1,000 Taleo Corp. * 10,120
3,871 THQ, Inc. * 112,917
2,300 Total System Services, Inc. 52,509
1,772 TradeStation Group, Inc. * 26,704
2,146 Transaction Systems Architects, Inc. * 73,651
3,188 Trident Microsystems, Inc. * 74,153
413 Ulticom, Inc. * 4,299
1,603 Ultimate Software Group, Inc. * 37,719
4,100 VA Software Corp. * 16,482
2,300 VeriFone Holdings, Inc. * 65,665
800 Verint Systems, Inc. * 24,040
4,394 Wind River Systems, Inc. * 47,060
1,747 Witness Systems, Inc. * 30,625
----------
19,333,233
----------
TELECOMMUNICATIONS - 3.0%
22,531 3Com Corp. * 99,362
7,207 Adaptec, Inc. * 31,783
7,214 ADC Telecommunications, Inc. * 108,210
4,101 Adtran, Inc. 97,768
4,312 Aeroflex, Inc. * 44,327
2,439 Alaska Communications Systems Group, Inc. 32,366
1,169 Anaren, Inc. * 24,631
9,741 Andrew Corp. * 89,909
1,935 Anixter International, Inc. 109,269
6,688 Arris Group, Inc. * 76,644
3,041 Atheros Communications, Inc. * 55,133
500 Atlantic Tele-Network, Inc. 9,240
1,030 Audiovox Corp. * 14,338
950 Black Box Corp. 36,974
4,884 Broadwing Corp. * 61,636
2,433 C-COR.net Corp. * 20,875
1,600 CalAmp Corp. * 9,744
1,500 Carrier Access Corp. * 10,650
1,100 Cbeyond Communications, Inc. * 30,195
1,454 Centennial Communications Corp. 7,750
6,900 CenturyTel, Inc. 273,723
5,055 Ciena Corp. * 137,753
14,192 Cincinnati Bell, Inc. * 68,405
19,400 Citizens Communications Co. 272,376
1,292 Commonwealth Telephone Enterprises, Inc. 53,269
62,597 CommScope, Inc. #* 2,056,937
1,000 Comtech Group, Inc. * 14,970
1,244 Comtech Telecommunications Corp. * 41,649
12,100 Comverse Technology, Inc. * 259,424
1,200 Consolidated Communications Holdings, Inc. 22,452
700 CPI International, Inc. * 9,219
938 CT Communications, Inc. 20,373
1,824 Ditech Networks, Inc. * 14,063
9,230 Dobson Communications Corp. * 64,795
1,000 EMS Technologies, Inc. * 18,780
700 Eschelon Telecom, Inc. * 11,893
1,100 Essex Corp. * 19,140
6,634 Extreme Networks * 24,081
44,800 FairPoint Communications, Inc. # 779,520
7,100 FiberTower Corp. * 67,095
14,700 Finisar Corp. * 53,361
8,484 Foundry Networks, Inc. * 111,565
3,101 General Communication, Inc. * 38,421
1,313 Golden Telecom, Inc. 39,718
4,685 Harmonic, Inc. * 34,435
3,500 Hypercom Corp. * 23,730
3,200 IDT Corp. Class B * 46,144
2,939 Interdigital Communications Corp. * 100,220
1,900 Iowa Telecommunications Services, Inc. 37,601
1,000 iPCS, Inc. * 53,550
2,943 Ixia * 26,222
97,400 JDS Uniphase Corp. * 213,306
2,600 Leap Wireless International, Inc. * 126,074
70,067 Level 3 Communications, Inc. * 374,858
1,700 Lightbridge, Inc. * 19,924
700 Loral Space & Communications, Inc. * 18,424
2,150 Mastec, Inc. * 23,801
6,913 MRV Communications, Inc. * 19,080
39,101 Netgear, Inc. #* 805,090
122,500 NeuStar, Inc. #* 3,399,375
2,215 ewport Corp. * 36,105
938 North Pittsburgh Systems, Inc. 23,609
1,943 Novatel Wireless, Inc. * 18,711
1,000 NTELOS Holdings Corp. * 12,770
887 Oplink Communications, Inc. * 17,714
1,024 Optical Communication Products, Inc. * 2,017
1,300 ParkerVision, Inc. * 9,451
2,697 Plantronics, Inc. 47,278
5,025 Polycom, Inc. * 123,263
7,260 Powerwave Technologies, Inc. * 55,176
118,351 Premiere Global Services, Inc. #* 1,027,287
1,200 Radyne Corp. * 14,688
1,831 RCN Corp. * 51,817
11,865 RF Micro Devices, Inc. * 89,937
1,379 SafeNet, Inc. * 25,084
2,000 SAVVIS, Inc. * 57,000
6,149 SBA Communications Corp. * 149,605
488 Shenandoah Telecom Co. 21,213
1,600 Sirenza Microdevices, Inc. * 12,640
15,700 Sonus Networks, Inc. * 82,582
978 SureWest Communications 19,042
23
Portfolio of Investments
MetLife Investment Funds, Inc. / Small Company Stock Fund / September 30, 2006
(Unaudited) (continued)
Shares Value
---------------------------------------------------------------------------
10,800 Sycamore Networks, Inc.* 40,824
2,430 Symmetricom, Inc.* 19,610
1,100 Syniverse Holdings, Inc. * 16,500
1,820 Talk America Holdings, Inc. * 17,290
3,359 Tekelec * 43,533
6,600 Telephone & Data Systems, Inc. 277,860
7,187 Time Warner Telecom, Inc. * 136,625
1,523 USA Mobility, Inc. 34,785
7,354 UTStarcom, Inc. * 65,230
1,384 Viasat, Inc. * 34,711
2,000 Vonage Holdings Corp. * 13,760
1,765 West Corp. * 85,250
3,840 Wireless Facilities, Inc. * 8,218
8,050 Zhone Technologies, Inc. * 8,614
----------
13,465,419
----------
TRANSPORTATION - 3.0%
3,800 ABX Air, Inc. * 21,356
40,555 Alexander & Baldwin, Inc. # 1,799,425
574 Amerco, Inc. * 42,562
1,800 American Commercial Lines, Inc. * 107,010
1,434 Arkansas Best Corp. 61,705
1,200 Atlas Air Worldwide Holdings, Inc. * 52,224
1,421 Bristow Group, Inc. * 48,882
1,400 Celadon Group, Inc. * 23,296
65,100 CH Robinson Worldwide, Inc. # 2,902,158
3,001 Con-way, Inc. 134,505
614 Dynamex, Inc. * 12,741
1,802 EGL, Inc. * 65,665
44,900 Expeditors International of Washington, Inc. # 2,001,642
2,067 Florida East Coast Industries, Inc. 117,984
1,821 Forward Air Corp. 60,257
2,747 GATX Corp. 113,643
2,100 Genesee & Wyoming, Inc. * 48,762
881 Greenbrier Cos, Inc. 25,558
1,028 Gulfmark Offshore, Inc. * 32,732
3,517 Heartland Express, Inc. 55,147
1,100 Horizon Lines, Inc. 18,370
2,188 HUB Group, Inc. * 49,843
700 Interpool, Inc. 15,722
6,650 JB Hunt Transport Services, Inc. 138,120
4,355 Kansas City Southern * 118,935
46,482 Kirby Corp. * 1,456,281
86,112 Knight Transportation, Inc. # 1,459,598
5,795 Laidlaw International, Inc. 158,377
3,432 Landstar System, Inc. 146,546
795 Maritrans, Inc. 29,097
1,054 Marten Transport Ltd. * 18,013
1,575 Old Dominion Freight Line * 47,297
1,766 Overseas Shipholding Group 109,086
484 P.A.M. Transportation Services, Inc. * 12,129
2,071 Pacer International, Inc. 57,491
100 Patriot Transportation Holding, Inc. * 7,556
800 PHI, Inc. * 24,376
700 Quality Distribution, Inc. * 10,304
2,128 RailAmerica, Inc. * 23,238
3,742 Ryder System, Inc. 193,387
20,631 Saia, Inc. #* 672,571
3,200 Sirva, Inc. * 8,512
3,082 Swift Transportation Co., Inc. * 73,105
800 TAL International Group, Inc. 16,968
200 Universal Truckload Services, Inc. * 5,194
745 US Xpress Enterprises, Inc. * 17,247
400 USA Truck, Inc. * 7,620
2,975 Werner Enterprises, Inc. 55,662
24,780 YRC Worldwide, Inc. #* 917,851
----------
13,595,750
----------
UTILITIES- ELECTRIC - 2.2%
7,044 Alliant Energy Corp. 251,682
22,859 Aquila, Inc. * 98,979
2,820 Avista Corp. 66,778
24,193 Black Hills Corp. # 813,127
18,600 Centerpoint Energy, Inc. 266,352
1,004 CH Energy Group, Inc. 51,676
3,584 Cleco Corp. 90,460
13,100 CMS Energy Corp. * 189,164
6,712 DPL, Inc. 182,029
4,822 Duquesne Light Holdings, Inc. 94,801
54,608 El Paso Electric Co. #* 1,219,943
1,894 Empire District Electric Co. 42,388
9,013 Energy East Corp. 213,788
4,864 Great Plains Energy, Inc. 150,881
4,778 Hawaiian Electric Industries 129,293
2,601 Idacorp, Inc. 98,344
1,000 Integrated Electrical Services, Inc. * 15,810
800 ITC Holdings Corp. 24,960
10,697 MDU Resources Group, Inc. 238,971
1,324 MGE Energy, Inc. 42,871
9,000 Northeast Utilities 209,430
1,981 NorthWestern Corp. 69,295
6,420 NSTAR 214,171
5,473 OGE Energy Corp. 197,630
500 Ormat Technologies, Inc. 16,360
37,181 Otter Tail Corp. # 1,087,172
11,549 Pepco Holdings, Inc. 279,139
1,000 Pike Electric Corp. * 14,900
5,932 Pinnacle West Capital Corp. 267,237
53,188 PNM Resources, Inc. # 1,466,393
1,600 Portland General Electric Co. 39,056
6,727 Puget Energy, Inc. 152,905
18,544 Reliant Energy, Inc. * 228,277
7,000 SCANA Corp. 281,890
13,160 Sierra Pacific Resources * 188,714
12,365 TECO Energy, Inc. 193,512
1,406 UIL Holdings Corp. 52,725
2,247 Unisource Energy Corp. 74,893
5,146 Westar Energy, Inc. 120,982
7,069 Wisconsin Energy Corp. 304,957
2,522 WPS Resources Corp. 125,167
9,867,102
24
Portfolio of Investments
MetLife Investment Funds, Inc. / Small Company Stock Fund / September 30, 2006
(Unaudited)
Shares Value
------------------------------------------------------------------------------
UTILITIES- GAS - 0.7%
4,739 AGL Resources, Inc. 172,974
4,701 Atmos Energy Corp. 134,214
696 Cascade Natural Gas Corp. 18,159
4,452 Energen Corp. 186,405
352 EnergySouth, Inc. 11,880
1,250 Laclede Group, Inc. 40,100
1,670 New Jersey Resources Corp. 82,331
2,555 Nicor, Inc. 109,252
1,605 Northwest Natural Gas Co. 63,044
6,929 Oneok, Inc. 261,847
2,353 Peoples Energy Corp. 95,649
4,610 Piedmont Natural Gas Co. 116,679
1,636 South Jersey Industries, Inc. 48,933
5,902 Southern Union Co. 155,872
42,992 Southwest Gas Corp. # 1,432,493
6,364 UGI Corp. 155,600
4,477 Vectren Corp. 120,207
2,755 WGL Holdings, Inc. 86,342
------------
3,291,981
------------
UTILITIES- WATER - 0.1%
944 American States Water Co. 36,108
7,697 Aqua America, Inc. 168,872
1,009 California Water Service Group 37,262
616 Pico Holdings, Inc. * 20,051
968 SJW Corp. 28,953
1,082 Southwest Water Co. 13,233
------------
304,479
------------
TOTAL COMMON STOCKS
(Cost $410,276,418) 444,388,961
------------
WARRANTS - 0.0%
BUSINESS SERVICES & SUPPLIES - 0.0%
108 American Banknote Corp. 0.000%, 07/01/07 (a) 0
108 American Banknote Corp. 0.000%, 07/01/07 (a) 0
------------
0
------------
TELECOMMUNICATIONS - 0.0%
340 Pegasus Wireless Corp. 1.000% , 02/15/20 0
------------
Total Warrants
(Cost $-- ) 0
------------
Principal
Amount Value
------------------------------------------------------------------------------
SHORT-TERM INVESTMENTS - 2.4%
MUTUAL FUND - 2.3%
10,500,779 Goldman Sachs Prime Obligations Fund 5.221% (b) 10,500,779
------------
GOVERNMENT & AGENCY SECURITIES - 0.1%
150,000 United States Treasury Bill 4.800% , 12/07/06 148,701
------------
TOTAL SHORT-TERM INVESTMENTS
(Cost $10,649,439 ) 10,649,480
------------
TOTAL INVESTMENTS - 100.3%
(Cost $420,925,857 ) 455,038,441
------------
Liabilities in excess of other assets - (0.3)% (1,271,447)
------------
TOTAL NET ASSETS - 100.0% $453,766,994
============
FOOT NOTES TO THE PORTFOLIO OF INVESTMENTS:
* - Non-income producing security
# - A portion or all of the security was held on loan. As of September 30,
2006, the market value of securities loaned was $69,863,032 and the
collateral received consisted of cash in the amount of $71,713,916.
(a) - Represents a security which is fair-valued.
(b) - Rate quoted represents the seven day yield.
For information regarding the Fund's policy regarding valuation of investments
and other significant accounting policies, please refer to the Fund's most
recent Semiannual Report.
SECURITY ABBREVIATION:
REIT--Real Estate Investment Trust
See Notes to Portfolio of Investments
25
Portfolio of Investments
MetLife Investment Funds, Inc. / Large Company Stock Fund / September 30, 2006
(Unaudited) (continued)
Shares Value
----------------------------------------------------------------------------
COMMON STOCKS - 97.7%
ADVERTISING - 0.3%
10,100 Interpublic Group of Cos., Inc. * 99,990
20,375 Omnicom Group 1,907,100
17,600 R.H. Donnelley Corp. 931,040
----------
2,938,130
----------
AEROSPACE & DEFENSE - 2.4%
104,800 Boeing Co. 8,263,480
31,090 General Dynamics Corp. 2,228,220
3,100 Goodrich Corp. 125,612
2,900 L-3 Communications Holdings, Inc. 227,157
8,842 Lockheed Martin Corp. 760,943
27,056 Northrop Grumman Corp. 1,841,702
11,100 Raytheon Co. 532,911
4,400 Rockwell Collins, Inc. 241,296
97,600 United Technologies Corp. 6,182,960
----------
20,404,281
----------
AIRLINES - 0.2%
93,250 Southwest Airlines Co. 1,553,545
----------
APPAREL & TEXTILES - 0.8%
3,200 Cintas Corp. 130,656
172,200 Coach, Inc. * 5,923,680
1 Hanesbrands, Inc. * 17
2,700 Jones Apparel Group, Inc. 87,588
2,500 Liz Claiborne, Inc. 98,775
4,700 Nike, Inc. Class B 411,814
2,300 VF Corp. 167,785
----------
6,820,315
----------
AUTOMOTIVE - 0.5%
9,800 BorgWarner, Inc. 560,266
97,453 Ford Motor Co. 788,395
14,074 General Motors Corp. 468,101
4,400 Goodyear Tire & Rubber Co. * 63,800
4,800 Johnson Controls, Inc. 344,352
1,700 Navistar International Corp. * 43,894
6,300 Paccar, Inc. 359,226
73,000 TRW Automotive Holdings Corp. * 1,757,110
----------
4,385,144
----------
BANKING - 5.5%
8,800 AmSouth Bancorp 255,552
396,479 Bank of America Corp. 21,239,380
19,000 Bank of New York Co., Inc. 669,940
13,715 BB&T Corp. 600,443
34,900 Comerica, Inc. 1,986,508
4,500 Commerce Bancorp, Inc. 165,195
3,300 Compass Bancshares, Inc. 188,034
13,791 Fifth Third Bancorp 525,161
3,300 First Horizon National Corp. 125,433
40,560 Huntington Bancshares, Inc. 970,601
10,000 Keycorp 374,400
1,900 M&T Bank Corp. 227,924
6,300 Marshall & Ilsley Corp. 303,534
10,400 Mellon Financial Corp. 406,640
15,060 National City Corp. 551,196
11,700 North Fork Bancorp, Inc. 335,088
4,700 Northern Trust Corp. 274,621
7,200 PNC Financial Services Group, Inc. 521,568
11,252 Regions Financial Corp. 413,961
9,000 SunTrust Banks, Inc. 695,520
8,200 Synovus Financial Corp. 240,834
59,200 UnionBanCal Corp. 3,605,280
66,945 US Bancorp 2,223,913
40,095 Wachovia Corp. 2,237,323
11,700 Webster Financial Corp. 551,187
192,806 Wells Fargo & Co. 6,975,721
2,500 Zions Bancorp 199,525
----------
46,864,482
----------
BIOTECHNOLOGY - 2.5%
97,457 Amgen, Inc. * 6,971,099
8,458 Biogen Idec, Inc. * 377,904
124,500 Celgene Corp. * 5,390,850
93,000 Genentech, Inc. * 7,691,100
6,300 Genzyme Corp. * 425,061
5,900 Medimmune, Inc. * 172,339
1,300 Millipore Corp. * 79,690
----------
21,108,043
----------
BUILDING & CONSTRUCTION - 0.2%
4,500 American Standard Cos., Inc. 188,865
3,100 Centex Corp. 163,122
6,700 D.R. Horton, Inc. 160,465
2,200 Fluor Corp. 169,158
2,000 KB Home 87,600
3,300 Lennar Corp. 149,325
10,000 Masco Corp. 274,200
5,000 Pulte Homes, Inc. 159,300
2,400 Vulcan Materials Co. 187,800
----------
1,539,835
----------
BUSINESS SERVICES & SUPPLIES - 0.4%
24,100 Pitney Bowes, Inc. 1,069,317
123,900 Xerox Corp. * 1,927,884
----------
2,997,201
----------
CHEMICALS - 1.1%
5,400 Air Products & Chemicals, Inc. 358,398
1,800 Ashland, Inc. 114,804
98,049 Dow Chemical Co. 3,821,950
1,900 Eastman Chemical Co. 102,638
4,500 Ecolab, Inc. 192,690
51,200 EI Du Pont de Nemours & Co. 2,193,408
3,000 Hercules, Inc. * 47,310
11,700 International Flavors & Fragrances, Inc. 462,618
4,200 PPG Industries, Inc. 281,736
7,900 Praxair, Inc. 467,364
1
Portfolio of Investments
MetLife Investment Funds, Inc. / Large Company Stock Fund / September 30, 2006
(Unaudited) (continued)
Shares Value
----------------------------------------------------------------------------
3,600 Rohm & Haas Co. 170,460
2,600 Sherwin-Williams Co. 145,028
1,600 Sigma-Aldrich Corp. 121,072
40,400 Valspar Corp. 1,074,640
----------
9,554,116
----------
COMMERCIAL SERVICES - 0.7%
28,300 Accenture Ltd. 897,393
3,400 Apollo Group, Inc. * 167,416
220 Avis Budget Group, Inc. * 4,024
3,400 Convergys Corp. * 70,210
3,300 Equifax, Inc. 121,143
8,000 H&R Block, Inc. 173,920
65,406 McKesson Corp. 3,448,204
5,900 Moody's Corp. 385,742
8,400 Paychex, Inc. 309,540
5,200 R.R. Donnelley & Sons Co. 171,392
4,100 Robert Half International, Inc. 139,277
2,400 Waters Corp. * 108,672
----------
5,996,933
----------
COMPUTERS & INFORMATION - 3.3%
3,000 Affiliated Computer Services, Inc. * 155,580
128,900 Apple Computer, Inc. * 9,929,167
77,300 BISYS Group, Inc. * 839,478
4,600 Computer Sciences Corp. * 225,952
125,287 Dell, Inc. * 2,861,555
12,800 Electronic Data Systems Corp. 313,856
151,648 EMC Corp. * 1,816,743
196,045 Hewlett-Packard Co. 7,192,891
37,873 International Business Machines Corp. 3,103,314
2,500 Lexmark International, Inc. * 144,150
4,400 NCR Corp. * 173,712
9,300 Network Appliance, Inc. * 344,193
4,900 SanDisk Corp. * 262,346
85,900 Sun Microsystems, Inc. * 426,923
9,418 Unisys Corp. * 53,306
----------
27,843,166
----------
CONTAINERS & PACKAGING - 0.0%
2,600 Ball Corp. 105,170
2,800 Bemis Co. 92,008
3,400 Pactiv Corp. * 96,628
2,100 Sealed Air Corp. 113,652
----------
407,458
----------
COSMETICS & PERSONAL CARE - 3.1%
2,000 Alberto-Culver Co. 101,180
10,800 Avon Products, Inc. 331,128
88,800 Colgate-Palmolive Co. 5,514,480
3,100 Estee Lauder Cos., Inc. Class A 125,023
60,300 Kimberly-Clark Corp. 3,941,208
266,640 Procter & Gamble Co. 16,526,347
----------
26,539,366
----------
DISTRIBUTION & WHOLESALE - 0.0%
4,200 Genuine Parts Co. 181,146
1,900 WW Grainger, Inc. 127,338
----------
308,484
----------
DIVERSIFIED FINANCIAL SERVICES - 10.2%
152,000 American Express Co. 8,524,160
6,080 Ameriprise Financial, Inc. 285,152
3,000 Bear Stearns Cos., Inc. 420,300
47,941 Capital One Financial Corp. 3,771,039
25,500 Charles Schwab Corp. 456,450
855 Chicago Mercantile Exchange Holdings, Inc. 408,904
4,900 CIT Group, Inc. 238,287
402,817 Citigroup, Inc. 20,007,920
154,496 Countrywide Financial Corp. 5,413,540
95,200 E*Trade Financial Corp. * 2,277,184
23,824 Fannie Mae 1,332,000
2,200 Federated Investors, Inc. Class B 74,382
4,200 Franklin Resources, Inc. 444,150
68,552 Freddie Mac 4,547,054
60,723 Goldman Sachs Group, Inc. 10,272,510
4,800 Janus Capital Group, Inc. 94,656
86,120 JPMorgan Chase & Co. 4,044,195
23,400 Legg Mason, Inc. 2,360,124
13,300 Lehman Brothers Holdings, Inc. 982,338
111,690 Merrill Lynch & Co., Inc. 8,736,392
60,731 Morgan Stanley 4,427,897
10,300 SLM Corp. 535,394
45,000 State Street Corp. 2,808,000
6,600 T Rowe Price Group, Inc. 315,810
68,835 UBS AG 4,082,604
----------
86,860,442
----------
ELECTRICAL EQUIPMENT - 0.3%
4,300 American Power Conversion Corp. 94,428
28,962 Emerson Electric Co. 2,428,753
3,700 Molex, Inc. 144,189
----------
2,667,370
----------
ELECTRONICS - 0.2%
10,670 Agilent Technologies, Inc. * 348,802
4,300 Applera Corp. - Applied Biosystems Group 142,373
3,000 Fisher Scientific International * 234,720
1,700 Harman International Industries, Inc. 141,848
4,300 Jabil Circuit, Inc. 122,851
2,900 Parker Hannifin Corp. 225,417
3,000 PerkinElmer, Inc. 56,790
13,900 Sanmina-SCI Corp. * 51,986
21,900 Solectron Corp. * 71,394
5,750 Symbol Technologies, Inc. 85,445
1,900 Tektronix, Inc. 54,967
2
Portfolio of Investments
MetLife Investment Funds, Inc. / Large Company Stock Fund / September 30, 2006
(Unaudited) (continued)
Shares Value
----------------------------------------------------------------------------
3,900 Thermo Electron Corp. * 153,387
----------
1,689,980
----------
ENTERTAINMENT & LEISURE - 0.3%
2,400 Brunswick Corp. 74,856
10,700 Carnival Corp. 503,221
6,800 Harley-Davidson, Inc. 426,700
4,400 Hasbro, Inc. 100,100
8,368 International Game Technology 347,272
10,000 Mattel, Inc. 197,000
3,200 Sabre Holdings Corp. 74,848
21,700 Warner Music Group Corp. 563,115
----------
2,287,112
----------
ENVIRONMENTAL SERVICES - 0.1%
6,412 Allied Waste Industries, Inc. * 72,263
13,598 Waste Management, Inc. 498,775
----------
571,038
----------
FOOD, BEVERAGE & TOBACCO - 4.5%
112,191 Altria Group, Inc. 8,588,221
19,252 Anheuser-Busch Cos., Inc. 914,662
16,045 Archer-Daniels-Midland Co. 607,785
2,100 Brown-Forman Corp. Class B 160,965
5,700 Campbell Soup Co. 208,050
50,917 Coca-Cola Co. 2,274,971
7,800 Coca-Cola Enterprises, Inc. 162,474
12,690 ConAgra Foods, Inc. 310,651
125,500 Constelllation Brands, Inc. * 3,611,890
3,300 Dean Foods Co. * 138,666
8,671 General Mills, Inc. 490,779
4,500 Hershey Foods Corp. 240,525
8,400 HJ Heinz Co. 352,212
5,873 Kellogg Co. 290,831
17,985 Kroger Co. 416,173
3,300 McCormick & Co., Inc. 125,334
1,400 Molson Coors Brewing Co. Class B 96,460
13,222 Monsanto Co. 621,566
3,100 Pepsi Bottling Group, Inc. 110,050
157,299 PepsiCo, Inc. 10,265,333
64,600 Reynolds American, Inc. 4,003,262
11,000 Safeway, Inc. 333,850
19,070 Sara Lee Corp. 306,455
4,847 Supervalu, Inc. 143,713
82,000 Sysco Corp. 2,742,900
6,200 Tyson Foods, Inc. 98,456
4,000 UST, Inc. 219,320
3,400 Whole Foods Market, Inc. 202,062
5,512 WM Wrigley Jr. Co. 253,883
----------
38,291,499
----------
FOREST PRODUCTS & PAPER - 0.5%
46,000 Bowater, Inc. 946,220
10,394 International Paper Co. 359,944
2,500 Louisiana-Pacific Corp. 46,925
4,652 MeadWestvaco Corp. 123,325
4,500 Plum Creek Timber Co., Inc. 153,180
2,600 Temple-Inland, Inc. 104,260
37,500 Weyerhaeuser Co. 2,307,375
----------
4,041,229
----------
HEALTH CARE - 5.2%
14,000 Aetna, Inc. 553,700
1,400 Bausch & Lomb, Inc. 70,182
16,097 Baxter International, Inc. 731,770
6,127 Becton Dickinson & Co. 432,995
6,300 Biomet, Inc. 202,797
119,640 Boston Scientific Corp. * 1,769,476
3,900 Coventry Health Care, Inc. * 200,928
2,600 CR Bard, Inc. 195,000
10,600 HCA, Inc. 528,834
5,900 Health Management Associates, Inc. 123,310
4,100 Humana, Inc. * 270,969
187,352 Johnson & Johnson 12,166,639
3,200 Laboratory Corp. of America Holdings * 209,824
2,000 Manor Care, Inc. 104,560
63,590 Medtronic, Inc. 2,953,120
3,800 Patterson Cos., Inc. * 127,718
4,096 Quest Diagnostics 250,511
47,600 St. Jude Medical, Inc. * 1,679,804
84,893 Stryker Corp. 4,209,844
11,000 Tenet Healthcare Corp. * 89,540
192,516 UnitedHealth Group, Inc. 9,471,787
93,100 WellPoint, Inc. * 7,173,355
6,151 Zimmer Holdings, Inc. * 415,192
----------
43,931,855
----------
HOTELS & RESTAURANTS - 1.5%
3,650 Darden Restaurants, Inc. 155,016
4,600 Harrah's Entertainment, Inc. 305,578
179,600 Hilton Hotels Corp. 5,001,860
8,300 Marriott International, Inc. 320,712
30,700 McDonald's Corp. 1,200,984
19,100 Starbucks Corp. * 650,355
28,400 Starwood Hotels & Resorts Worldwide, Inc. 1,624,196
2,800 Wendy's International, Inc. 187,600
4,860 Wyndham Worldwide Corp. * 135,934
54,947 Yum! Brands, Inc. 2,859,991
----------
12,442,226
----------
HOUSEHOLD PRODUCTS - 0.4%
2,700 Avery Dennison Corp. 162,459
37,400 Clorox Co. 2,356,200
3,600 Fortune Brands, Inc. 270,396
5,100 Leggett & Platt, Inc. 127,653
6,700 Newell Rubbermaid, Inc. 189,744
3
Portfolio of Investments
MetLife Investment Funds, Inc. / Large Company Stock Fund / September 30, 2006
(Unaudited) (continued)
Shares Value
----------------------------------------------------------------------------
1,951 Whirlpool Corp. 164,099
----------
3,270,551
----------
INDUSTRIAL MACHINERY - 0.4%
2,000 Black & Decker Corp. 158,700
16,646 Caterpillar, Inc. 1,095,307
1,400 Cummins, Inc. 166,922
21,400 Deere & Co. 1,795,674
4,400 Rockwell Automation, Inc. 255,640
1,400 Snap-On, Inc. 62,370
2,000 Stanley Works 99,700
----------
3,634,313
----------
INSURANCE - 4.5%
7,973 ACE Ltd. 436,362
12,165 Aflac, Inc. 556,670
5,600 Alleghany Corp. * 1,618,456
15,800 Allstate Corp. 991,134
2,700 AMBAC Financial Group, Inc. 223,425
263,190 American International Group, Inc. 17,438,969
7,800 AON Corp. 264,186
10,338 Chubb Corp. 537,162
2,800 Cigna Corp. 325,696
4,463 Cincinnati Financial Corp. 214,492
54,400 Conseco, Inc. * 1,141,856
11,300 Genworth Financial, Inc. 395,613
7,461 Hartford Financial Services Group, Inc. 647,242
7,085 Lincoln National Corp. 439,837
11,400 Loews Corp. 432,060
13,600 Marsh & McLennan Cos., Inc. 382,840
91,468 MBIA, Inc. 5,619,794
18,600 MetLife, Inc. (a) 1,054,248
2,300 MGIC Investment Corp. 137,931
6,977 Principal Financial Group 378,712
19,500 Progressive Corp. 478,530
12,172 Prudential Financial, Inc. 928,115
3,000 Safeco Corp. 176,790
17,277 St. Paul Travelers Cos., Inc. 810,119
2,500 Torchmark Corp. 157,775
105,055 UnumProvident Corp. 2,037,016
4,600 XL Capital Ltd. 316,020
----------
38,141,050
----------
INTERNET SERVICES & APPLICATIONS - 2.8%
7,600 Amazon.Com, Inc. * 244,112
123,112 eBay, Inc. * 3,491,457
34,170 Google, Inc. * 13,732,923
3,400 Monster Worldwide, Inc. * 123,046
25,668 Symantec Corp. * 546,215
6,100 VeriSign, Inc. * 123,220
234,251 Yahoo!, Inc. * 5,921,865
----------
24,182,838
----------
MANUFACTURING - 3.6%
48,984 3M Co. 3,645,389
2,200 Cooper Industries Ltd. 187,484
5,800 Danaher Corp. 398,286
5,000 Dover Corp. 237,200
7,100 Eastman Kodak Co. 159,040
3,600 Eaton Corp. 247,860
527,900 General Electric Co. 18,634,870
99,700 Honeywell International, Inc. 4,077,730
10,200 Illinois Tool Works, Inc. 457,980
8,300 Ingersoll-Rand Co. 315,234
4,600 ITT Industries, Inc. 235,842
3,000 Pall Corp. 92,430
3,300 Textron, Inc. 288,750
50,367 Tyco International Ltd. 1,409,773
----------
30,387,868
----------
METALS & MINING - 0.6%
120,907 Alcoa, Inc. 3,390,232
2,500 Allegheny Technologies, Inc. 155,475
4,500 Consol Energy, Inc. 142,785
4,600 Freeport-McMoRan Copper & Gold, Inc. Class B 244,996
11,300 Newmont Mining Corp. 483,075
7,800 Nucor Corp. 386,022
5,000 Phelps Dodge Corp. 423,500
3,200 United States Steel Corp. 184,576
----------
5,410,661
----------
MULTIMEDIA - 2.5%
91,403 CBS Corp. Class B 2,574,822
12,300 Clear Channel Communications, Inc. 354,855
52,323 Comcast Corp. * 1,928,103
64,100 Comcast Corp. Special Class A * 2,359,521
1,700 Dow Jones & Co., Inc. 57,018
2,100 EW Scripps Co. 100,653
6,000 Gannett Co., Inc. 340,980
8,900 McGraw-Hill Cos., Inc. 516,467
1,000 Meredith Corp. 49,330
3,400 New York Times Co. Class A 78,132
58,800 News Corp. 1,155,420
100,382 Time Warner, Inc. 1,829,964
4,720 Tribune Co. 154,438
6,200 Univision Communications, Inc. * 212,908
118,403 Viacom, Inc. Class A * 4,402,224
166,000 Walt Disney Co. 5,131,060
----------
21,245,895
----------
OIL & GAS - 9.1%
11,474 Anadarko Petroleum Corp. 502,905
8,180 Apache Corp. 516,976
8,464 Baker Hughes, Inc. 577,245
8,100 BJ Services Co. 244,053
9,400 Chesapeake Energy Corp. 272,412
192,059 ChevronTexaco Corp. 12,456,947
168,200 ConocoPhillips 10,012,946
11,000 Devon Energy Corp. 694,650
7,900 Dynegy, Inc. * 43,766
4
Portfolio of Investments
MetLife Investment Funds, Inc. / Large Company Stock Fund / September 30, 2006
(Unaudited) (continued)
Shares Value
----------------------------------------------------------------------------
17,521 El Paso Corp. 238,987
6,000 EOG Resources, Inc. 390,300
298,570 Exxon Mobil Corp. 20,034,047
89,000 Halliburton Co. 2,532,050
6,100 Hess Corp. 252,662
2,627 Kinder Morgan, Inc. 275,441
8,854 Marathon Oil Corp. 680,873
4,700 Murphy Oil Corp. 223,485
7,800 Nabors Industries Ltd. * 232,050
4,400 National-Oilwell Varco, Inc. * 257,620
3,400 Noble Corp. 218,212
13,200 Noble Energy, Inc. 601,788
186,112 Occidental Petroleum Corp. 8,953,848
58,400 Pride International, Inc. * 1,601,328
2,600 Rowan Cos., Inc. 82,238
123,800 Schlumberger Ltd. 7,679,314
4,900 Smith International, Inc. 190,120
3,400 Sunoco, Inc. 211,446
7,900 Transocean, Inc. * 578,517
15,100 Valero Energy Corp. 777,197
56,000 Weatherford International Ltd. * 2,336,320
91,600 Williams Cos., Inc. 2,186,492
36,233 XTO Energy, Inc. 1,526,496
----------
77,382,731
----------
PHARMACEUTICALS - 5.4%
126,065 Abbott Laboratories 6,121,716
3,848 Allergan, Inc. 433,323
5,332 AmerisourceBergen Corp. 241,006
2,700 Barr Pharmaceuticals, Inc. * 140,238
152,558 Bristol-Myers Squibb Co. 3,801,745
10,372 Cardinal Health, Inc. 681,855
10,954 Caremark Rx, Inc. 620,763
87,146 Eli Lilly & Co. 4,967,322
3,600 Express Scripts, Inc. * 271,764
8,200 Forest Laboratories, Inc. * 415,002
90,800 Gilead Sciences, Inc. * 6,237,960
3,935 Hospira, Inc. * 150,593
6,366 King Pharmaceuticals, Inc. * 108,413
7,598 Medco Health Solutions, Inc. * 456,716
127,794 Merck & Co., Inc. 5,354,569
4,900 Mylan Laboratories, Inc. 98,637
181,074 Pfizer, Inc. 5,135,259
215,124 Schering-Plough Corp. 4,752,089
2,800 Watson Pharmaceuticals, Inc. * 73,276
122,664 Wyeth 6,236,238
----------
46,298,484
----------
REAL ESTATE - 1.4%
2,500 Apartment Investment & Management Co. REIT 136,025
5,200 Archstone-Smith Trust REIT 283,088
2,800 Boston Properties, Inc. REIT 289,352
9,200 Equity Office Properties Trust REIT 365,792
6,998 Equity Residential REIT 353,959
94,130 General Growth Properties, Inc. REIT 4,485,294
102,200 Kimco Realty Corp. REIT 4,381,314
6,100 ProLogis REIT 348,066
3,000 Public Storage, Inc. REIT 257,970
6,075 Realogy Corp. * 137,781
5,471 Simon Property Group, Inc. REIT 495,782
2,900 Vornado Realty Trust REIT 316,100
----------
11,850,523
----------
RETAIL - 4.8%
4,057 AutoNation, Inc. * 84,791
1,300 Autozone, Inc. * 134,290
7,200 Bed Bath & Beyond, Inc. * 275,472
10,050 Best Buy Co., Inc. 538,278
2,700 Big Lots, Inc. * 53,487
3,500 Circuit City Stores, Inc. 87,885
11,821 Costco Wholesale Corp. 587,267
142,600 CVS Corp. 4,580,312
1,200 Dillard's, Inc. 39,276
7,650 Dollar General Corp. 104,270
4,200 Family Dollar Stores, Inc. 122,808
13,546 Federated Department Stores, Inc. 585,323
47,168 Gap, Inc. 893,834
123,512 Home Depot, Inc. 4,479,780
5,800 JC Penney Co., Inc. 396,662
8,500 Kohl's Corp. * 551,820
8,772 Limited Brands, Inc. 232,370
195,500 Lowe's Cos., Inc. 5,485,730
80,100 Michaels Stores, Inc. 3,487,554
5,700 Nordstrom, Inc. 241,110
7,000 Office Depot, Inc. * 277,900
2,000 OfficeMax, Inc. 81,480
3,600 RadioShack Corp. 69,480
2,028 Sears Holdings Corp. * 320,607
18,150 Staples, Inc. 441,589
27,300 Talbots, Inc. 743,925
98,425 Target Corp. 5,437,981
3,382 Tiffany & Co. 112,282
48,800 TJX Cos., Inc. 1,367,864
167,365 Wal-Mart Stores, Inc. 8,254,442
25,100 Walgreen Co. 1,114,189
----------
41,184,058
----------
SAVINGS & LOAN - 0.8%
69,422 Golden West Financial Corp. * 5,362,849
32,025 Sovereign Bancorp, Inc. 688,858
23,759 Washington Mutual, Inc. 1,032,804
----------
7,084,511
----------
SEMICONDUCTORS - 3.1%
89,983 Advanced Micro Devices, Inc. * 2,236,078
9,100 Altera Corp. * 167,258
9,000 Analog Devices, Inc. 264,510
34,061 Applied Materials, Inc. 603,901
11,450 Broadcom Corp. * 347,393
5
Portfolio of Investments
MetLife Investment Funds, Inc. / Large Company Stock Fund / September 30, 2006
(Unaudited) (continued)
Shares Value
----------------------------------------------------------------------------
9,907 Freescale Semiconductor, Inc. Class B * 376,565
374,735 Intel Corp. 7,708,299
66,600 Kla-Tencor Corp. 2,961,702
7,700 Linear Technology Corp. 239,624
10,000 LSI Logic Corp. * 82,200
8,000 Maxim Integrated Products, Inc. 224,560
18,200 Micron Technology, Inc. * 316,680
8,300 National Semiconductor Corp. 195,299
3,500 Novellus Systems, Inc. * 96,810
8,900 Nvidia Corp. * 263,351
5,700 PMC - Sierra, Inc. * 33,858
4,000 QLogic Corp. * 75,600
4,718 Teradyne, Inc. * 62,089
286,508 Texas Instruments, Inc. 9,526,391
8,400 Xilinx, Inc. 184,380
----------
25,966,548
----------
SOFTWARE - 3.2%
14,800 Adobe Systems, Inc. * 554,260
5,600 Autodesk, Inc. * 194,768
14,100 Automatic Data Processing, Inc. 667,494
5,300 BMC Software, Inc. * 144,266
9,693 CA, Inc. 229,627
4,600 Citrix Systems, Inc. * 166,566
10,200 Compuware Corp. * 79,458
92,000 Electronic Arts, Inc. * 5,122,560
63,478 First Data Corp. 2,666,076
4,200 Fiserv, Inc. * 197,778
5,223 IMS Health, Inc. 139,141
8,200 Intuit, Inc. * 263,138
548,620 Microsoft Corp. 14,993,784
7,300 Novell, Inc. * 44,676
100,455 Oracle Corp. * 1,782,072
2,680 Parametric Technology Corp. * 46,793
----------
27,292,457
----------
TELECOMMUNICATIONS - 6.2%
3,085 ADC Telecommunications, Inc. * 46,275
9,600 Alltel Corp. 532,800
232,924 AT&T, Inc. 7,584,005
11,341 Avaya, Inc. * 129,741
154,068 BellSouth Corp. 6,586,407
3,000 CenturyTel, Inc. 119,010
1,957 Ciena Corp. * 53,332
412,919 Cisco Systems, Inc. * 9,497,137
9,100 Citizens Communications Co. 127,764
4,800 Comverse Technology, Inc. * 102,912
283,600 Corning, Inc. * 6,922,676
3,630 Embarq Corp. 175,583
37,800 JDS Uniphase Corp. * 82,782
13,700 Juniper Networks, Inc. * 236,736
111,368 Lucent Technologies, Inc. * 260,601
217,600 Motorola, Inc. 5,440,000
214,853 Qualcomm, Inc. 7,809,907
38,958 Qwest Communications International * 339,714
224,166 Sprint Nextel Corp. 3,844,447
11,100 Tellabs, Inc. * 121,656
72,370 Verizon Communications, Inc. 2,687,098
12,325 Windstream Corp. * 162,567
----------
52,863,150
----------
TRANSPORTATION - 2.0%
9,012 Burlington Northern Santa Fe Corp. 661,841
21,300 Con-way, Inc. 954,666
11,200 CSX Corp. 367,696
49,900 FedEx Corp. 5,423,132
46,300 Landstar System, Inc. 1,977,010
10,400 Norfolk Southern Corp. 458,120
1,600 Ryder System, Inc. 82,688
6,700 Union Pacific Corp. 589,600
89,087 United Parcel Service, Inc. Class B 6,408,919
----------
16,923,672
----------
UTILITIES- ELECTRIC - 2.9%
16,400 AES Corp. * 334,396
4,000 Allegheny Energy, Inc. * 160,680
5,000 Ameren Corp. 263,950
9,800 American Electric Power Co., Inc. 356,426
7,200 Centerpoint Energy, Inc. 103,104
5,800 CMS Energy Corp. * 83,752
6,000 Consolidated Edison, Inc. 277,200
4,300 Constellation Energy Group, Inc. 254,560
31,900 Dominion Resources, Inc. 2,440,031
4,363 DTE Energy Co. 181,108
31,154 Duke Energy Corp. 940,851
8,000 Edison International 333,120
5,100 Entergy Corp. 398,973
129,074 Exelon Corp. 7,814,140
8,193 FirstEnergy Corp. 457,661
61,100 FPL Group, Inc. 2,749,500
6,884 NiSource, Inc. 149,658
40,700 Northeast Utilities 947,089
42,400 PG&E Corp. 1,765,960
2,400 Pinnacle West Capital Corp. 108,120
9,310 PPL Corp. 306,299
6,119 Progress Energy, Inc. 277,680
6,100 Public Service Enterprise Group, Inc. 373,259
18,400 Southern Co. 634,064
4,800 TECO Energy, Inc. 75,120
41,832 TXU Corp. 2,615,337
10,260 Xcel Energy, Inc. 211,869
----------
24,613,907
----------
UTILITIES- GAS - 0.2%
4,200 KeySpan Corp. 172,788
1,000 Nicor, Inc. 42,760
900 Peoples Energy Corp. 36,585
6,300 Sempra Energy 316,575
6
Portfolio of Investments
MetLife Investment Funds, Inc. / Large Company Stock Fund / September 30, 2006
(Unaudited) (continued)
Shares Value
------------------------------------------------------------------------------
59,000 UGI Corp. 1,442,550
------------
2,011,258
------------
TOTAL COMMON STOCKS
(Cost $715,233,976 ) 831,787,725
------------
DEPOSITARY RECEIPTS - 1.1%
INSURANCE - 0.3%
67,100 ING Groep N.V. ADR 2,951,058
------------
TELECOMMUNICATIONS - 0.8%
302,200 Deutsche Telekom AG ADR 4,795,914
102,600 Nokia OYJ ADR 2,020,194
------------
6,816,108
------------
TOTAL DEPOSITARY RECEIPTS
(Cost $9,969,877) 9,767,166
------------
Principal
Amount Value
------------------------------------------------------------------------------
SHORT-TERM INVESTMENTS - 1.4%
GOVERNMENT & AGENCY SECURITIES - 0.0%
323,000 United States Treasury Bill 4.800%, 12/07/06 320,202
------------
MUTUAL FUND - 1.4%
11,894,618 Goldman Sachs Prime Obligations Fund 5.221% (b) 11,894,618
------------
TOTAL SHORT-TERM INVESTMENTS
(Cost $12,214,732) 12,214,820
------------
TOTAL INVESTMENTS - 100.2%
(Cost $737,418,585) 853,769,711
------------
Liabilities in excess of other assets - (0.2)% (2,115,811)
------------
TOTAL NET ASSETS - 100.0% $851,653,900
============
FOOT NOTES TO THE PORTFOLIO OF INVESTMENTS:
* - Non-income producing security
(a) - Affiliated issuer. See table below for more information.
(b) - Rate quoted represents the seven day yield of the Fund.
For information regarding the Fund's policy regarding valuation of investments
and other significant accounting policies, please refer to the Fund's most
recent Semiannual Report.
SECURITY ABBREVIATIONS:
ADR--American Depositary Receipt
REIT--Real Estate Investment Trust
See Notes to Portfolio of Investments
AFFILIATED ISSUER:
[Enlarge/Download Table]
Number of Shares Purchased Shares Sold Number of
Security Shares held For the Nine Months For the Nine Months Shares held Realized Gain
Description at 12/31/05 Ended 09/30/06 Ended 09/30/06 at 09/30/06 on shares sold
----------- ----------- ------------------- ------------------- ----------- --------------
Metlife, Inc. 19,100 1,400 1,900 18,600 $25,414
7
Portfolio of Investments
MetLife Investment Funds, Inc. / Diversified Bond Fund / September 30, 2006
(Unaudited)
Principal
Amount Value
------------------------------------------------------------------------------
CORPORATE BONDS & NOTES - 37.2%
AEROSPACE & DEFENSE - 0.1%
200,000 Boeing Co.
6.125% , 02/15/33 215,811
General Dynamics Corp.
50,000 3.000% , 05/15/08 48,294
50,000 4.250% , 05/15/13 47,344
25,000 4.500% , 08/15/10 24,442
25,000 5.375% , 08/15/15 25,165
25,000 Goodrich Corp.
7.625% , 12/15/12 27,829
50,000 Lockheed Martin Corp.
7.200% , 05/01/36 59,254
Northrop Grumman Corp.
230,000 4.079% , 11/16/06 229,619
150,000 7.750% , 02/15/31 187,061
Raytheon Co.
100,000 4.850% , 01/15/11 98,282
10,000 5.500% , 11/15/12 10,087
4,000 6.000% , 12/15/10 4,105
50,000 6.400% , 12/15/18 53,631
United Technologies Corp.
150,000 4.375% , 05/01/10 146,496
120,000 5.400% , 05/01/35 116,427
50,000 7.500% , 09/15/29 61,662
---------
1,355,509
---------
AIRLINES - 0.2%
294,028 American Airlines, Inc.
3.857% , 07/09/10 278,562
Continental Airlines, Inc.
319,890 6.545% , 02/02/19 325,422
1,224,724 6.648% , 09/15/17 1,246,157
50,000 Southwest Airlines Co.
5.125% , 03/01/17 47,340
---------
1,897,481
---------
APPAREL & TEXTILES - 0.0%
Jones Apparel Group, Inc.
25,000 4.250% , 11/15/09 23,888
25,000 5.125% , 11/15/14 22,666
25,000 6.125% , 11/15/34 21,589
100,000 Mohawk Industries, Inc.
5.750% , 01/15/11 99,579
---------
167,722
---------
ASSET BACKED & MORTGAGE BACKED OBLIGATIONS - 12.4%
2,150,000 AESOP Funding II LLC
3.720% , 07/20/09 (a) 2,101,094
23,679 AFC Home Equity Loan Trust
5.624% , 06/25/30 (b) 23,741
AmeriCredit Automobile Receivables Trust
3,000,000 2.870% , 02/07/11 2,952,912
200,000 3.430% , 07/06/11 194,909
25,201 Amortizing Residential Collateral Trust
5.610% , 01/01/32 (b) 25,162
2,700,000 ARG Funding Corp. 2005-1A A 3
4.290% , 04/20/11 (a) 2,628,588
Banc of America Commercial Mortgage, Inc.
225,000 4.933% , 07/10/45 218,484
2,340,000 5.889% , 07/10/44 2,431,994
300,000 Banc of America Commercial Mortgage, Inc. 2002-2 A2
4.772% , 07/11/43 297,192
500,000 Banc of America Commercial Mortgage, Inc. 2003-2 A4
5.061% , 03/11/41 494,378
2,100,000 Banc of America Commercial Mortgage, Inc. 2005-3 A4
4.668% , 07/10/43 2,004,144
210,000 Banc of America Commercial Mortgage, Inc. 2005-5 A4
5.115% , 10/10/45 206,547
1,205,000 Banc of America Commercial Mortgage, Inc. 2006-A 2A1
5.354% , 09/10/47 (b) 1,197,655
1,077,262 Banc of America Mortgage Securities, Inc. 2006-2 A15
6.000% , 07/25/36 1,085,179
1,979,700 Banc of America Mortgage Securities, Inc. 2006 A1
5.431% , 02/25/36 (b) 1,974,481
1,006,263 Bay View Auto Trust
3.440% , 04/25/12 982,764
1,100,000 Bear Stearns Adjustable Rate Mortgage Trust
3.514% , 06/25/34 (b) 1,062,453
485,905 Bear Stearns Asset Backed Securities, Inc.
5.780% , 10/27/32 488,224
1,478,500 Bear Stearns Commercial Mortgage Securities
1999-WF2 A2
7.080% , 07/15/31 1,539,711
500,000 Bear Stearns Commercial Mortgage Securities
2002-TOP6 A2
6.460% , 10/15/36 527,640
500,000 Bear Stearns Commercial Mortgage Securities
2004-T14 A3
4.800% , 01/12/41 491,739
500,000 Bear Stearns Commercial Mortgage Securities
2005-PW10 A4
5.405% , 12/11/40 502,272
2,150,000 Bear Stearns Commercial Mortgage Securities
2005-PWR A4A
4.871% , 09/11/42 2,080,124
500,000 Bear Stearns Commercial Mortgage Securities
2005-PWR7 AAB
4.980% , 02/11/41 492,986
1,466,857 Bear Stearns Commercial Mortgage Securities
2005-T20 A2
5.127% , 10/12/42 1,463,699
1,000,000 Bear Stearns Commercial Mortgage Securities
2005-T20 A4A
5.303% , 10/12/42 (b) 992,437
915,000 Bear Stearns Commercial Mortgage Securities
2006-PW13 AM
5.582% , 09/11/41 927,736
1
Portfolio of Investments
MetLife Investment Funds, Inc. / Diversified Bond Fund / September 30, 2006
(Unaudited) (continued)
Principal
Amount Value
------------------------------------------------------------------------------
Capital One Multi Asset Execution Trust
100,000 2.950% , 08/17/09 99,912
225,000 5.150% , 06/16/14 226,507
425,523 Centex Home Equity
3.235% , 02/25/32 415,996
150,000 Chase Manhattan Auto Owner Trust
5.110% , 04/15/14 150,597
831,011 CIGNA CBO 1996-1 Ltd.
6.460% , 11/15/08 (a) 831,643
Citibank Credit Card Issuance Trust
100,000 2.900% , 05/17/10 96,591
500,000 4.900% , 12/12/16 490,657
180,000 4.950% , 02/09/09 179,758
150,000 Comed Transitional Funding Trust
5.740% , 12/25/10 151,297
694,543 Commercial Mortgage Acceptance Corp.
6.735% , 12/15/30 700,682
621,825 Commercial Mortgage Lease Backed Certificates
6.746% , 06/20/31 (a) 658,804
Countrywide Alternative Loan Trust
3,100,000 5.525% , 10/25/36 (b) 3,100,000
2,254,306 5.590% , 07/25/35 2,260,056
1,793,005 5.680% , 09/25/35 1,801,287
50,755 Countrywide Asset-Backed Certificates 2002-BC1 A
5.990% , 04/25/32 (b) 50,776
100,000 Countrywide Asset-Backed Certificates 2005-11 AF3
4.778% , 02/25/36 98,582
100,000 Countrywide Asset-Backed Certificates 2005-7 AF4
4.867% , 11/25/35 98,283
1,593,574 Countrywide Home Loans, Inc. 2005-3 1A2
5.620% , 04/25/35 (b) 1,599,070
1,860,755 Countrywide Home Loans, Inc. 2006-HYB1 1A1
5.398% , 03/20/36 (b) 1,854,693
Credit Suisse Mortgage Capital Certificates
2,275,000 5.512% , 02/15/39 2,299,454
3,000,000 5.609% , 02/15/39 (b) 3,046,211
773,479 Crimmi Mae Commercial Mortgage Trust
7.000% , 06/02/33 (a) 777,478
591,001 Crusade Global Trust
5.707% , 01/17/34 (b) 592,026
CS First Boston Mortgage Securities Corp.
500,000 4.609% , 02/15/38 491,923
150,000 5.100% , 08/15/38 149,524
550,000 5.230% , 12/15/40 544,016
3,000,000 7.545% , 04/15/62 3,198,341
1,615,000 DaimlerChrysler Auto Trust 2006 B A4
5.380% , 03/08/11 1,630,613
2,375,000 E-Trade RV and Marine Trust
3.620% , 10/08/18 2,284,324
79,292 EMC Mortgage Loan Trust
5.800% , 05/25/39 (a),(b) 79,689
155,369 EQCC Trust
5.630% , 11/25/31 (b) 155,445
1,238,095 First Union-Lehman Brothers-Bank of America
6.560% , 11/18/35 1,255,077
750,000 Ford Credit Auto Owner Trust 2005-B A4
4.380% , 01/15/10 741,243
453,444 Franklin Auto Trust
3.570% , 03/16/09 451,329
GE Capital Commercial Mortgage Corp.
451,810 5.082% , 11/10/45 (b) 451,414
2,200,000 5.511% , 11/10/45 (b) 2,207,576
456,096 5.994% , 12/10/35 463,467
350,000 6.531% , 05/15/33 367,463
GMAC Commercial Mortgage Securities, Inc.
1,000,000 4.865% , 09/25/34 983,410
70,000 5.389% , 10/15/38 70,390
1,323,295 6.700% , 05/15/30 - 04/15/34 1,359,465
105,839 Green Tree Financial Corp.
8.100% , 07/15/26 22,123
Greenwich Capital Commercial Funding Corp.
200,000 4.948% , 01/11/35 196,292
250,000 5.426% , 06/10/36 250,166
750,000 Hertz Vehicle Financing LLC
2.380% , 05/25/08 (a) 741,043
299,880 Honda Auto Receivables 2003-4 A4
2.790% , 03/16/09 295,973
230,572 Indy Mac Home Equity Loan Asset-Backed Trust
5.590% , 03/25/31 (b) 232,382
Indy Mac Index Mortgage Loan Trust
601,322 5.099% , 09/25/35 583,661
1,250,000 5.670% , 12/25/35 1,249,250
2,500,000 JP Morgan Chase & Co.
4.625% , 03/15/46 2,461,485
JP Morgan Chase Commercial Mortgage Securities Corp.
150,000 4.895% , 09/12/37 145,312
1,100,000 4.918% , 10/15/42 1,066,542
500,000 5.472% , 01/12/43 (b) 499,952
2,000,000 5.481% , 12/12/44 2,017,255
250,000 5.544% , 06/12/41 (b) 252,217
2,008,403 JP Morgan Mortgage Trust
5.852% , 06/25/36 2,025,254
LB-UBS Commercial Mortgage Trust
261,065 1.189% , 06/15/36 (a),(b) 9,855
250,000 5.020% , 08/15/29 245,368
500,000 5.372% , 09/15/39 502,471
590,000 MBNA Master Credit Card Trust 2000-L A
6.500% , 04/15/10 599,138
1,650,000 Merrill Auto Trust Securitization 2005 1 A3
4.100% , 08/25/09 1,633,250
2,029,445 Merrill Lynch Mortgage Investors, Inc. 2006-2 2a
5.507% , 05/25/36 (b) 2,034,778
2
Portfolio of Investments
MetLife Investment Funds, Inc. / Diversified Bond Fund / September 30, 2006
(Unaudited) (continued)
Principal
Amount Value
-------------------------------------------------------------------------------
400,000 Merrill Lynch Mortgage Trust 2003-KEY1 A4
5.236% , 11/12/35 398,366
2,100,000 Merrill Lynch Mortgage Trust 2005-CIP1 A4
5.047% , 07/12/38 2,056,649
500,000 Merrill Lynch Mortgage Trust 2005-CKI1 A6
5.417% , 11/12/37 (b) 498,684
297,775 Mesa Trust Asset Backed Certificates
5.730% , 12/25/31 (b) 299,133
1,665,794 Morgan Stanley Capital I, Inc. 2004-IQ7 A1
4.030% , 06/15/38 1,632,409
Morgan Stanley Capital I, Inc. 2005-HQ6 A4A
930,000 4.946% , 08/13/42 907,211
250,000 4.989% , 08/13/42 243,874
1,500,000 Morgan Stanley Capital I, Inc. 2005-IQ9 A5
4.700% , 07/15/56 1,437,641
150,000 Morgan Stanley Capital I, Inc. 2005-T19 AAB
4.852% , 06/12/47 146,872
202,278 Morgan Stanley Dean Witter Capital Corp. Heloc
Trust 2005-1 A
5.520% , 07/25/17 (b) 202,428
Morgan Stanley Dean Witter Capital I
150,000 4.050% , 01/13/41 145,321
28,155 5.160% , 12/15/35 28,071
3,000,000 7.200% , 10/15/33 3,183,077
570,913 Nationslink Funding Corp.
6.867% , 01/22/26 594,774
1,855,000 Navistar Financial Corp. Owner Trust
3.530% , 10/15/12 1,799,294
Nomura Asset Securities Corp.
2,220,000 6.590% , 03/15/30 2,257,248
525,000 6.690% , 03/15/30 558,984
4,905,372 Oakwood Mortgage Investors, Inc.
6.000% , 05/15/08-08/15/10 499,483
1,389,917 Onyx Acceptance Grantor Trust
2.940% , 12/15/10 1,371,064
350,000 PNC Mortgage Acceptance Corp.
6.360% , 03/12/34 365,261
2,933,155 Prime Mortgage Trust
7.448% , 10/25/32 (b) 3,014,839
559,782 Provident Bank Home Equity Loan Trust
5.600% , 08/25/31 (b) 560,169
550,000 Providian Gateway Master Trust
3.650% , 11/15/11 (a) 539,859
500,000 Renaissance Home Equity Loan Trust
6.066% , 02/25/36 501,978
Residential Asset Mortgage Products, Inc.
143,618 4.546% , 10/25/32 144,218
159,653 6.553% , 03/25/33 159,824
155,465 Residential Asset Securities Corp.
5.630% , 04/25/33 (b) 155,522
500,000 Residential Asset Securitization Trust
5.500% , 12/25/35 490,345
15,651 Sail Net Interest Margin Notes
7.750% , 04/27/33 (a) 6,450
2,700,000 Susquehanna Auto Lease Trust 2005-1 A3
4.430% , 06/16/08 (a) 2,677,753
247,515 UCFC Home Equity Loan
6.905% , 04/15/30 247,042
781,675 Wachovia Asset Securitization, Inc.
5.755% , 09/27/32 (b) 783,320
Wachovia Bank Commercial Mortgage Trust
150,000 4.748% , 02/15/41 144,844
250,000 5.242% , 12/15/44 250,446
225,000 5.417% , 01/15/45 226,702
600,000 5.765% , 07/15/45 617,372
1,145,339 Washington Mutual, Inc. 2005-AR6 2A1A
5.560% , 04/25/45 (b) 1,147,912
1,878,042 Washington Mutual, Inc. 2006-AR10 1A1
5.980% , 09/25/36 (b) 1,895,231
1,974,373 Wells Fargo Mortgage Backed Securities Trust
2006-AR5 2A1
5.544% , 04/25/36 (b) 1,979,717
72,740 WFS Financial Owner Trust
2.740% , 09/20/10 72,273
-----------
119,158,741
-----------
AUTOMOTIVE - 0.5%
DaimlerChrysler NA Holding Corp.
150,000 4.050% , 06/04/08 146,476
200,000 4.875% , 06/15/10 194,321
790,000 5.875% , 03/15/11 791,038
40,000 6.500% , 11/15/13 41,019
190,000 7.200% , 09/01/09 197,971
90,000 7.300% , 01/15/12 95,659
350,000 7.750% , 01/18/11 374,995
520,000 8.500% , 01/18/31 617,973
1,280,000 Ford Motor Co.
7.450% , 07/16/31 # 988,800
1,080,000 General Motors Corp.
8.375% , 07/15/33 # 934,200
100,000 Johnson Controls, Inc.
5.500% , 01/15/16 97,720
-----------
4,480,172
-----------
BANKING - 2.5%
100,000 Abbey National Capital Trust I
8.963% , 12/29/49 132,164
50,000 ABN Amro Bank NV
4.650% , 06/04/18 46,411
African Development Bank
100,000 3.250% , 08/01/08 97,320
25,000 3.750% , 01/15/10 24,155
30,000 American Express Centurion Bank
4.375% , 07/30/09 29,448
Asian Development Bank
100,000 4.125% , 09/15/10 97,285
350,000 4.250% , 10/20/14 333,003
25,000 Banco Bradesco SA
8.750% , 10/24/13 28,312
Bank of America Corp.
50,000 3.375% , 02/17/09 48,107
3
Portfolio of Investments
MetLife Investment Funds, Inc. / Diversified Bond Fund / September 30, 2006
(Unaudited) (continued)
Principal
Amount Value
------------------------------------------------------------------------------
50,000 3.875% , 01/15/08 49,161
500,000 4.750% , 08/15/13 483,548
100,000 5.125% , 11/15/14 98,825
25,000 5.375% , 06/15/14 25,108
200,000 6.800% , 03/15/28 223,039
2,250,000 7.400% , 01/15/11 2,435,121
50,000 Bank of America Corp. Capital Trust VI
5.625% , 03/08/35 46,366
70,000 Bank of Tokyo-Mitsubishi Ltd.
8.400% , 04/15/10 76,857
300,000 Bank One Corp.
7.875% , 08/01/10 327,080
25,000 Banque Centrale de Tunisie
7.375% , 04/25/12 27,100
BB&T Corp.
50,000 4.750% , 10/01/12 48,701
100,000 5.250% , 11/01/19 96,921
China Development Bank
25,000 4.750% , 10/08/14 23,856
100,000 5.000% , 10/15/15 96,594
50,000 Corporacion Andina de Fomento
6.875% , 03/15/12 53,271
50,000 Deutsche Bank Financial, Inc.
7.500% , 04/25/09 52,604
100,000 Development Bank of Japan
4.250% , 06/09/15 94,206
European Investment Bank
300,000 3.500% , 03/14/08 293,789
100,000 4.000% , 03/03/10 97,352
200,000 4.625% , 10/20/15 195,544
150,000 4.875% , 02/15/36 142,562
Export-Import Bank of Korea
50,000 4.625% , 03/16/10 48,887
50,000 5.125% , 03/16/15 48,834
Fifth Third Bancorp
100,000 4.200% , 02/23/10 97,174
25,000 4.500% , 06/01/18 22,641
200,000 First Union Institutional Capital I
8.040% , 12/01/26 208,587
Glitnir Banki HF
460,000 6.330% , 07/28/11 (a) 469,510
650,000 6.693% , 06/15/16 (a) 664,690
250,000 HSBC Bank PLC
6.950% , 03/15/11 266,085
HSBC Bank USA NA
275,000 3.875% , 09/15/09 265,998
200,000 5.875% , 11/01/34 198,764
200,000 HSBC Capital Funding LP
4.610% , 12/29/49 (a) 185,401
50,000 HSBC Holdings PLC
5.250% , 12/12/12 49,829
25,000 Huntington National Bank
4.375% , 01/15/10 24,323
Inter-American Development Bank
150,000 4.250% , 09/14/15 142,991
250,000 4.375% , 10/19/07 - 09/20/12 247,471
100,000 4.500% , 09/15/14 97,461
600,000 7.375% , 01/15/10 645,448
50,000 International Bank for Reconstruction & Development
4.750% , 02/15/35 46,961
100,000 Japan Bank for International Cooperation
4.750% , 05/25/11 99,063
50,000 KeyBank National Association
5.800% , 07/01/14 50,972
200,000 Keycorp Capital VII
5.700% , 06/15/35 184,989
KFW - Bankengruppe
300,000 3.500% , 03/14/08 293,288
50,000 3.750% , 01/24/08 49,052
50,000 3.875% , 06/30/09 48,655
Korea Development Bank
75,000 4.250% , 11/13/07 74,097
100,000 4.750% , 07/20/09 98,558
75,000 5.500% , 11/13/12 75,346
50,000 5.750% , 09/10/13 50,944
200,000 Kreditanstalt fuer Wiederaufbau
0.0% , 04/18/36 (c) 44,078
300,000 Landesbank Baden-Wuerttemberg/New York
6.350% , 04/01/12 315,256
1,040,000 Landsbanki Islands HF
6.100% , 08/25/11 (a) 1,050,890
Landwirtschaftliche Rentenbank
150,000 3.625% , 10/20/09 144,571
250,000 4.125% , 07/15/08 246,160
100,000 4.875% , 11/16/15 98,492
Marshall & Ilsley Bank
50,000 4.375% , 08/01/09 49,035
150,000 5.000% , 01/17/17 145,182
25,000 5.250% , 09/04/12 25,151
100,000 Marshall & Ilsley Corp.
5.350% , 04/01/11 100,434
200,000 Mellon Bank NA
4.750% , 12/15/14 191,997
1,540,000 Mizuho Financial Group Cayman Ltd.
5.790% , 04/15/14 (a) 1,556,640
50,000 National City Bank
4.250% , 07/01/18 44,673
Nordic Investment Bank
100,000 3.875% , 06/15/10 96,898
200,000 4.875% , 03/15/11 199,366
50,000 Oesterreichische Kontrollbank AG
4.500% , 03/09/15 48,386
830,000 Oversea-Chinese Banking Corp.
7.750% , 09/06/11 (a) 914,440
25,000 PNC Bank NA
5.250% , 01/15/17 24,518
25,000 Popular North America Capital Trust I
6.564% , 09/15/34 24,307
Popular North America, Inc.
100,000 3.875% , 10/01/08 97,248
25,000 4.700% , 06/30/09 24,515
Rabobank Capital Funding Trust
280,000 5.254% , 12/29/49 (a),(b) 270,265
40,000 5.260% , 12/31/49 (a) 39,147
RBS Capital Trust I
25,000 5.512% , 09/29/49 24,291
100,000 6.425% , 12/29/49 101,266
30,000 Regions Financial Corp.
6.375% , 05/15/12 31,501
30,000 Royal Bank of Canada
3.875% , 05/04/09 29,193
4
Portfolio of Investments
MetLife Investment Funds, Inc. / Diversified Bond Fund / September 30, 2006
(Unaudited) (continued)
Principal
Amount Value
------------------------------------------------------------------------------
Royal Bank of Scotland Group PLC
10,000 4.700% , 07/03/18 9,313
100,000 5.000% , 11/12/13 - 10/01/14 97,538
750,000 RSHB Capital SA for Russian Agricultural Bank
7.175% , 05/16/13 777,090
100,000 Santander Central Hispano Issuances
7.625% , 09/14/10 108,496
600,000 Shinsei Finance Cayman Ltd.
6.418% , 01/29/49 (a),(b) 595,907
25,000 SouthTrust Corp.
5.800% , 06/15/14 25,451
50,000 Sumitomo Mitsui Banking Corp.
8.000% , 06/15/12 56,260
SunTrust Banks, Inc.
50,000 3.625% , 10/15/07 49,144
25,000 4.000% , 10/15/08 24,432
50,000 5.450% , 12/01/17 49,856
400,000 Swiss Bank Corp. NY
7.500% , 07/15/25 478,262
125,000 UFJ Bank Ltd.
7.400% , 06/15/11 135,037
25,000 Union Planters Corp.
4.375% , 12/01/10 24,293
25,000 UnionBancal Corp.
5.250% , 12/16/13 24,639
US Bancorp
710,000 3.125% , 03/15/08 689,502
50,000 5.300% , 04/28/09 50,192
US Bank National Association
10,000 3.750% , 02/06/09 9,704
100,000 4.950% , 10/30/14 97,301
50,000 6.300% , 02/04/14 52,977
775,000 VTB Capital SA
6.250% , 06/30/35 (a) 778,875
Wachovia Bank National Association
50,000 5.000% , 08/15/15 48,397
50,000 5.600% , 03/15/16 50,456
410,000 Wachovia Capital Trust III
5.800% , 08/29/49 411,113
Wachovia Corp.
350,000 3.500% , 08/15/08 339,651
40,000 3.625% , 02/17/09 38,634
840,000 4.875% , 02/15/14 812,686
50,000 5.250% , 08/01/14 49,449
50,000 5.350% , 03/15/11 50,343
50,000 7.500% , 04/15/35 59,981
Wells Fargo & Co.
200,000 4.125% , 03/10/08 197,028
250,000 4.200% , 01/15/10 242,879
15,000 4.625% , 04/15/14 14,304
250,000 4.875% , 01/12/11 247,625
100,000 5.125% , 09/15/16 97,921
100,000 6.450% , 02/01/11 105,016
30,000 Wells Fargo Capital I
7.960% , 12/15/26 31,293
200,000 Yell Finance BV
4.125% , 10/15/14 190,191
Zions Bancorp.
25,000 5.650% , 05/15/14 25,040
25,000 6.000% , 09/15/15 25,479
----------
23,689,484
----------
BIOTECHNOLOGY - 0.0%
100,000 Amgen, Inc.
4.850% , 11/18/14 96,543
Genentech, Inc.
50,000 4.400% , 07/15/10 48,783
100,000 4.750% , 07/15/15 96,035
----------
241,361
----------
BUILDING & CONSTRUCTION - 0.3%
100,000 Centex Corp.
5.125% , 10/01/13 94,788
200,000 CRH America, Inc.
5.300% , 10/15/13 193,384
D.R. Horton, Inc.
100,000 5.375% , 06/15/12 95,501
100,000 6.000% , 04/15/11 99,412
1,200,000 6.875% , 05/01/13 # 1,225,764
Lafarge SA
25,000 6.150% , 07/15/11 25,537
50,000 6.500% , 07/15/16 51,663
Lennar Corp.
25,000 5.500% , 09/01/14 23,868
25,000 5.950% , 10/17/11 (a) 25,000
25,000 6.500% , 04/15/16 (a) 25,135
Masco Corp.
100,000 4.800% , 06/15/15 90,929
50,000 5.875% , 07/15/12 49,830
50,000 MDC Holdings, Inc.
5.375% , 12/15/14 45,427
Pulte Homes, Inc.
30,000 4.875% , 07/15/09 29,467
50,000 5.200% , 02/15/15 46,821
25,000 6.375% , 05/15/33 23,394
910,000 7.875% , 08/01/11 - 06/15/32 982,719
----------
3,128,639
----------
BUSINESS SERVICES & SUPPLIES - 0.0%
Pitney Bowes, Inc.
50,000 4.625% , 10/01/12 48,361
25,000 4.750% , 05/15/18 23,446
25,000 4.875% , 08/15/14 24,201
----------
96,008
----------
CHEMICALS - 0.3%
920,000 Agrium, Inc.
7.125% , 05/23/36 975,408
840,000 Cytec Industries, Inc.
5.500% , 10/01/10 834,957
200,000 Dow Chemical Co.
6.125% , 02/01/11 206,207
E.I. Du Pont de Nemours
250,000 4.125% , 04/30/10 241,740
30,000 4.875% , 04/30/14 29,082
125,000 FMC Corp.
7.750% , 07/01/11 134,161
50,000 Lubrizol Corp.
5.500% , 10/01/14 48,771
200,000 Potash Corp. of Saskatchewan, Inc.
7.750% , 05/31/11 218,678
5
Portfolio of Investments
MetLife Investment Funds, Inc. / Diversified Bond Fund / September 30, 2006
(Unaudited) (continued)
Principal
Amount Value
---------------------------------------------------------------
75,000 Rohm and Haas Co.
7.850% , 07/15/29 91,777
---------
2,780,781
---------
COMMERCIAL SERVICES - 0.0%
20,000 Equifax, Inc.
4.950% , 11/01/07 19,843
150,000 RR Donnelley & Sons Co.
5.500% , 05/15/15 138,074
---------
157,917
---------
COMPUTERS & INFORMATION - 0.3%
Electronic Data Systems Corp.
75,000 6.500% , 08/01/13 76,082
1,695,000 7.125% , 10/15/09 1,772,850
650,000 7.450% , 10/15/29 # 713,287
International Business Machines Corp.
30,000 4.375% , 06/01/09 29,499
100,000 6.220% , 08/01/27 106,030
200,000 7.500% , 06/15/13 224,736
---------
2,922,484
---------
CONTAINERS & PACKAGING - 0.1%
Pactiv Corp.
25,000 7.950% , 12/15/25 27,577
200,000 8.375% , 04/15/27 228,875
600,000 Sealed Air Corp.
5.375% , 04/15/08 (a) 599,136
---------
855,588
---------
COSMETICS & PERSONAL CARE - 0.1%
Avon Products, Inc.
20,000 4.200% , 07/15/18 17,560
150,000 5.125% , 01/15/11 148,768
Gillette Co.
50,000 2.500% , 06/01/08 47,901
10,000 3.800% , 09/15/09 9,691
Procter & Gamble Co.
30,000 4.950% , 08/15/14 29,523
25,000 5.800% , 08/15/34 25,915
200,000 6.875% , 09/15/09 209,745
---------
489,103
---------
DIVERSIFIED FINANCIAL SERVICES - 5.9%
AIFUL Corp.
800,000 4.450% , 02/16/10 (a) 766,663
400,000 5.000% , 08/10/10 (a) 388,948
38,000 Alamosa Delaware, Inc.
11.000% , 07/31/10 41,515
50,000 Allied Capital Corp.
6.625% , 07/15/11 50,969
30,000 Allstate Life Global Funding Trust I
4.500% , 05/29/09 29,503
American Express Co.
20,000 3.750% , 11/20/07 19,675
50,000 4.750% , 06/17/09 49,626
150,000 6.800% , 09/01/66 (b) 158,648
American Express Credit Corp.
100,000 3.000% , 05/16/08 96,658
100,000 5.000% , 12/02/10 99,658
American General Finance Corp.
125,000 2.750% , 06/15/08 120,015
100,000 3.875% , 10/01/09 96,655
1,340,000 5.400% , 12/01/15 # 1,326,663
100,000 Banque Paribas-NY
6.875% , 03/01/09 103,742
Bear Stearns Cos., Inc.
25,000 2.875% , 07/02/08 24,043
75,000 4.500% , 10/28/10 72,990
10,000 4.650% , 07/02/18 9,225
50,000 5.700% , 11/15/14 50,717
Boeing Capital Corp.
200,000 4.750% , 08/25/08 198,605
65,000 5.800% , 01/15/13 67,088
70,000 6.500% , 02/15/12 74,227
Bunge Ltd. Finance Corp.
100,000 5.100% , 07/15/15 93,208
15,000 5.875% , 05/15/13 14,926
Canada Mortgage & Housing Corp.
75,000 3.875% , 04/01/10 72,749
50,000 5.000% , 09/01/11 50,259
Capital One Bank
50,000 4.875% , 05/15/08 49,703
25,000 5.000% , 06/15/09 24,838
10,000 5.125% , 02/15/14 9,762
25,000 6.500% , 06/13/13 26,147
Capital One Financial Corp.
50,000 5.250% , 02/21/17 47,605
60,000 5.700% , 09/15/11 60,423
25,000 6.250% , 11/15/13 25,826
Caterpillar Financial Services Corp.
100,000 2.700% , 07/15/08 95,748
10,000 3.700% , 08/15/08 9,730
100,000 4.300% , 06/01/10 97,116
CIT Group, Inc.
150,000 3.650% , 11/23/07 147,452
50,000 3.875% , 11/03/08 48,673
20,000 4.125% , 11/03/09 19,384
100,000 4.250% , 02/01/10 96,953
100,000 4.750% , 08/15/08 99,161
75,000 5.125% , 09/30/14 73,104
100,000 6.000% , 04/01/36 97,371
50,000 7.750% , 04/02/12 55,360
Citigroup, Inc.
2,000,000 5.000% , 09/15/14 1,948,552
150,000 5.125% , 02/14/11 149,899
500,000 5.850% , 08/02/16 516,777
50,000 Countrywide Financial Corp.
6.250% , 05/15/16 50,744
Countrywide Home Loans, Inc.
100,000 4.125% , 09/15/09 96,874
25,000 4.250% , 12/19/07 24,695
Credit Suisse First Boston USA, Inc.
100,000 4.700% , 06/01/09 98,922
200,000 4.875% , 08/15/10 - 01/15/15 195,014
1,700,000 5.125% , 08/15/15 1,661,296
150,000 6.125% , 11/15/11 155,571
100,000 7.125% , 07/15/32 117,182
150,000 Credit Suisse USA, Inc.
5.250% , 03/02/11 150,109
Eksportfinans A/S
30,000 4.375% , 07/15/09 29,477
150,000 4.750% , 12/15/08 149,351
690,000 5.500% , 05/25/16 711,669
1,560,000 Farmers Exchange Capital
7.050% , 07/15/28 (a) 1,598,913
800,000 Financing Corp. FICO
4.291% , 11/30/17 (c) 458,027
6
Portfolio of Investments
MetLife Investment Funds, Inc. / Diversified Bond Fund / September 30, 2006
(Unaudited) (continued)
Principal
Amount Value
-----------------------------------------------------------------------
400,000 8.600% , 09/26/19 530,402
140,000 9.650% , 11/02/18 196,866
Ford Motor Credit Co.
1,260,000 6.625% , 06/16/08 1,240,949
1,030,000 7.250% , 10/25/11 971,368
5,300,000 7.375% , 10/28/09 - 02/01/11 5,133,076
755,000 7.875% , 06/15/10 735,278
20,000 Franklin Resources, Inc.
3.700% , 04/15/08 19,524
15,000 Fund American Cos., Inc.
5.875% , 05/15/13 14,826
General Electric Capital Corp.
50,000 3.125% , 04/01/09 47,761
250,000 3.500% , 12/05/07 - 05/01/08 244,647
300,000 4.250% , 01/15/08 - 06/15/12 293,141
650,000 4.375% , 11/21/11 - 03/03/12 624,689
250,000 5.000% , 11/15/11 248,041
325,000 5.450% , 01/15/13 # 328,969
150,000 6.750% , 03/15/32 171,456
500,000 7.375% , 01/19/10 533,391
General Motors Acceptance Corp.
1,005,000 5.625% , 05/15/09 980,047
730,000 6.125% , 08/28/07 728,960
905,000 6.875% , 09/15/11 900,205
450,000 7.750% , 01/19/10 461,090
50,000 Genworth Global Funding
5.750% , 05/15/13 51,328
80,000 Goldman Sachs Capital I
6.345% , 02/15/34 79,490
Goldman Sachs Group, Inc.
100,000 4.125% , 01/15/08 98,726
50,000 4.750% , 07/15/13 48,013
100,000 5.000% , 10/01/14 96,487
250,000 5.150% , 01/15/14 244,418
150,000 6.125% , 02/15/33 149,426
400,000 6.875% , 01/15/11 423,949
Household Finance Corp.
430,000 6.375% , 11/27/12 451,115
30,000 6.400% , 06/17/08 30,567
20,000 7.000% , 05/15/12 21,624
100,000 HSBC Finance Capital Trust IX
5.911% , 11/30/35 99,977
HSBC Finance Corp.
300,000 4.125% , 03/11/08 295,581
2,000,000 6.750% , 05/15/11 2,119,600
200,000 ILFC E-Capital Trust II
6.250% , 12/21/65 (a),(b) 199,935
50,000 International Finance Corp.
5.125% , 05/02/11 50,463
International Lease Finance Corp.
50,000 3.750% , 06/30/09 48,740
100,000 4.750% , 01/13/12 97,161
100,000 5.450% , 03/24/11 100,619
1,150,000 5.875% , 05/01/13 1,180,307
250,000 6.375% , 03/15/09 256,203
100,000 Japan Finance Corp. for Municipal Enterprises
4.625% , 04/21/15 97,212
Jefferies Group, Inc.
25,000 5.500% , 03/15/16 24,416
100,000 6.250% , 01/15/36 96,479
John Deere Capital Corp.
20,000 3.900% , 01/15/08 19,663
470,000 5.100% , 01/15/13 464,655
100,000 5.400% , 04/07/10 100,549
100,000 7.000% , 03/15/12 107,934
JP Morgan Chase & Co.
250,000 0.0% , 04/15/27 53,242
20,000 3.625% , 05/01/08 19,526
250,000 3.737% , 07/01/27 (c) 50,431
20,000 3.800% , 10/02/09 19,276
100,000 4.000% , 02/01/08 98,366
100,000 4.750% , 03/01/15 95,388
290,000 5.125% , 09/15/14 284,371
1,300,000 5.150% , 10/01/15 1,268,050
30,000 5.250% , 05/01/15 29,491
300,000 6.000% , 01/15/09 304,423
1,885,000 6.625% , 03/15/12 1,999,297
300,000 6.750% , 02/01/11 317,259
100,000 JP Morgan Chase Capital XVII
5.850% , 08/01/35 95,239
130,000 Kaupthing Bank HF
5.750% , 10/04/11 (a) 129,221
Lehman Brothers Holdings, Inc.
150,000 3.500% , 08/07/08 145,564
600,000 4.000% , 01/22/08 590,436
100,000 5.500% , 04/04/16 99,631
50,000 5.750% , 05/17/13 50,888
300,000 7.000% , 02/01/08 306,234
1,500,000 Lilacs Repackaging Co.
5.138% , 01/15/64 (a) 1,463,295
MBNA America Bank
30,000 4.625% , 08/03/09 29,612
30,000 7.125% , 11/15/12 32,802
MBNA Corp.
100,000 6.125% , 03/01/13 104,303
15,000 7.500% , 03/15/12 16,575
Merrill Lynch & Co., Inc.
190,000 3.125% , 07/15/08 183,210
295,000 3.375% , 09/14/07 289,842
300,000 3.700% , 04/21/08 293,456
25,000 4.000% , 11/15/07 24,651
100,000 4.125% , 09/10/09 97,102
100,000 4.831% , 10/27/08 99,275
50,000 5.000% , 02/03/14 48,756
100,000 6.000% , 02/17/09 101,660
100,000 6.220% , 09/15/26 101,725
160,000 6.375% , 10/15/08 163,418
300,000 6.875% , 11/15/18 333,885
Morgan Stanley
350,000 4.000% , 01/15/10 337,762
2,985,000 4.750% , 04/01/14 2,838,675
250,000 5.050% , 01/21/11 247,731
400,000 5.300% , 03/01/13 399,385
25,000 6.600% , 04/01/12 26,545
25,000 7.250% , 04/01/32 28,982
310,000 MUFG Capital Finance 1 Ltd.
6.346% , 07/29/49 312,514
National Rural Utilities Cooperative Finance
10,000 4.375% , 10/01/10 9,706
10,000 4.750% , 03/01/14 9,647
30,000 7.250% , 03/01/12 32,793
70,000 8.000% , 03/01/32 90,155
Residential Capital Corp.
100,000 6.000% , 02/22/11 99,878
680,000 6.125% , 11/21/08 682,661
100,000 6.375% , 06/30/10 101,178
100,000 6.875% , 06/30/15 103,874
7
Portfolio of Investments
MetLife Investment Funds, Inc. / Diversified Bond Fund / September 30, 2006
(Unaudited) (continued)
Principal
Amount Value
------------------------------------------------------------
465,000 Resona Preferred Global Services
7.191% , 12/29/49 (a) 481,275
25,000 Rio Tinto Finance USA Ltd.
2.625% , 09/30/08 23,714
1,100,000 SB Treasury Co. LLC
9.400% , 12/29/49 (a),(b),(d) 1,168,947
SLM Corp.
150,000 4.500% , 07/26/10 146,055
200,000 5.375% , 05/15/14 198,449
850,000 5.440% , 04/01/09 (b) 816,425
100,000 5.450% , 04/25/11 100,614
Swedish Export Credit Corp.
100,000 3.500% , 01/15/08 98,293
100,000 4.125% , 10/15/08 98,372
80,000 Textron Financial Corp.
6.000% , 11/20/09 81,982
470,000 TNK-BP Finance SA
7.500% , 07/18/16 (a) 491,017
Toyota Motor Credit Corp.
50,000 5.450% , 05/18/11 50,708
25,000 5.500% , 12/15/08 25,156
1,600,000 UFJ Finance Aruba AEC
6.750% , 07/15/13 1,712,331
50,000 Unilever Capital Corp.
5.900% , 11/15/32 50,289
1,355,000 Western Union Co.
5.930% , 10/01/16 (a) 1,366,152
----------
56,304,891
----------
EDUCATION - 0.0%
50,000 President & Fellows of Harvard
6.300% , 10/01/37 53,352
----------
ELECTRICAL EQUIPMENT - 0.0%
125,000 Emerson Electric Co.
4.500% , 05/01/13 120,124
----------
ELECTRONICS - 0.1%
1,040,000 Avnet, Inc.
6.625% , 09/15/16 1,058,488
----------
ENTERTAINMENT & LEISURE - 0.0%
50,000 Sabre Holdings Corp.
6.350% , 03/15/16 49,648
----------
ENVIRONMENTAL SERVICES - 0.3%
25,000 Republic Services, Inc.
6.750% , 08/15/11 26,370
Waste Management, Inc.
10,000 5.000% , 03/15/14 9,651
370,000 6.500% , 11/15/08 378,858
1,670,000 7.000% , 10/15/06 - 07/15/28 1,810,339
100,000 7.375% , 08/01/10 107,184
105,000 7.750% , 05/15/32 125,899
----------
2,458,301
----------
FOOD, BEVERAGE & TOBACCO - 0.9%
Altria Group, Inc.
25,000 5.625% , 11/04/08 25,189
1,440,000 7.000% , 11/04/13 1,570,067
100,000 Anheuser-Busch Cos., Inc.
9.000% , 12/01/09 111,159
150,000 Archer-Daniels-Midland
7.500% , 03/15/27 180,707
100,000 Bottling Group LLC
4.625% , 11/15/12 97,047
120,000 Brown-Forman Corp.
3.000% , 03/15/08 116,087
75,000 Campbell Soup Co.
5.000% , 12/03/12 73,534
25,000 Coca Cola HBC Finance BV
5.500% , 09/17/15 25,210
Coca-Cola Enterprises, Inc.
25,000 4.250% , 09/15/10 24,230
300,000 8.500% , 02/01/22 383,436
275,000 ConAgra Foods, Inc.
6.750% , 09/15/11 290,310
30,000 Coors Brewing Co.
6.375% , 05/15/12 31,196
Diageo Capital PLC
50,000 3.375% , 03/20/08 48,702
60,000 3.500% , 11/19/07 58,824
50,000 4.375% , 05/03/10 48,485
Diageo Finance BV
15,000 3.875% , 04/01/11 14,147
150,000 5.300% , 10/28/15 147,108
50,000 General Mills, Inc.
6.000% , 02/15/12 51,489
50,000 Hershey Co.
5.450% , 09/01/16 50,569
400,000 Kellogg Co.
6.600% , 04/01/11 420,868
Kraft Foods, Inc.
25,000 4.000% , 10/01/08 24,407
25,000 5.250% , 10/01/13 24,712
150,000 5.625% , 11/01/11 151,552
1,460,000 6.250% , 06/01/12 1,518,495
Kroger Co.
200,000 6.750% , 04/15/12 210,232
100,000 6.800% , 12/15/18 105,332
50,000 PepsiAmericas, Inc.
4.875% , 01/15/15 48,013
Reynolds American, Inc.
770,000 7.250% , 06/01/13 (a) 792,352
1,170,000 7.875% , 05/15/09 (a) 1,221,742
Safeway, Inc.
50,000 4.950% , 08/16/10 48,892
50,000 7.250% , 02/01/31 53,523
Sara Lee Corp.
25,000 6.125% , 11/01/32 23,469
50,000 6.250% , 09/15/11 51,217
930,000 Tyson Foods, Inc.
6.850% , 04/01/16 957,578
50,000 WM Wrigley, Jr. Co.
4.650% , 07/15/15 47,637
----------
9,047,517
----------
FOREST PRODUCTS & PAPER - 0.2%
100,000 Celulosa Arauco y Constitucion SA
5.625% , 04/20/15 97,239
International Paper Co.
125,000 4.250% , 01/15/09 122,143
100,000 5.250% , 04/01/16 95,326
165,000 5.500% , 01/15/14 163,176
25,000 5.850% , 10/30/12 25,545
8
Portfolio of Investments
MetLife Investment Funds, Inc. / Diversified Bond Fund / September 30, 2006
(Unaudited) (continued)
Principal
Amount Value
-----------------------------------------------------------------------------
50,000 MeadWestvaco Corp.
6.850% , 04/01/12 52,224
20,000 Stora Enso Oyj
7.375% , 05/15/11 21,267
Temple-Inland, Inc.
600,000 6.625% , 01/15/18 627,434
25,000 7.875% , 05/01/12 27,384
Weyerhaeuser Co.
129,000 5.950% , 11/01/08 130,437
330,000 6.750% , 03/15/12 344,894
230,000 7.375% , 03/15/32 238,252
---------
1,945,321
---------
HEALTH CARE - 0.2%
25,000 Anthem, Inc.
6.800% , 08/01/12 26,686
100,000 Baxter FinCo BV
4.750% , 10/15/10 98,238
Boston Scientific Corp.
25,000 4.250% , 01/12/11 23,505
25,000 5.125% , 01/12/17 22,572
25,000 5.450% , 06/15/14 23,916
1,000,000 HCA, Inc.
5.750% , 03/15/14 785,000
25,000 Hillenbrand Industries, Inc.
4.500% , 06/15/09 24,507
100,000 Johnson & Johnson
4.950% , 05/15/33 94,487
100,000 Quest Diagnostics, Inc.
5.450% , 11/01/15 97,690
340,000 Tenet Healthcare Corp.
7.375% , 02/01/13 # 306,425
UnitedHealth Group, Inc.
10,000 3.750% , 02/10/09 9,690
50,000 4.125% , 08/15/09 48,556
10,000 4.750% , 02/10/14 9,541
30,000 4.875% , 04/01/13 29,091
50,000 5.000% , 08/15/14 48,395
150,000 5.250% , 03/15/11 149,760
100,000 5.800% , 03/15/36 98,196
WellPoint, Inc.
50,000 3.750% , 12/14/07 49,031
175,000 5.000% , 01/15/11 - 12/15/14 171,166
100,000 5.850% , 01/15/36 96,994
50,000 5.950% , 12/15/34 49,057
---------
2,262,503
---------
HOLDING COMPANIES-DIVERS - 0.1%
25,000 Canadian Pacific Ltd.
9.450% , 08/01/21 34,245
50,000 EnCana Holdings Finance Corp.
5.800% , 05/01/14 50,384
760,000 Hutchison Whampoa International
5.450% , 11/24/10 (a) 761,365
---------
845,994
---------
HOTELS & RESTAURANTS - 0.1%
50,000 Caesars Entertainment, Inc.
7.500% , 09/01/09 52,263
Harrah's Operating Co., Inc.
25,000 5.375% , 12/15/13 23,382
75,000 5.500% , 07/01/10 73,863
100,000 5.625% , 06/01/15 92,951
935,000 6.500% , 06/01/16 916,570
---------
1,159,029
---------
HOUSEHOLD PRODUCTS - 0.0%
45,000 Clorox Co. 5.000% , 01/15/15 43,866
Fortune Brands, Inc.
25,000 4.875% , 12/01/13 23,501
100,000 5.125% , 01/15/11 98,205
45,000 Kimberly-Clark Corp.
5.625% , 02/15/12 46,088
25,000 Newell Rubbermaid, Inc.
6.750% , 03/15/12 26,440
---------
238,100
---------
INDUSTRIAL MACHINERY - 0.0%
15,000 Black & Decker Corp.
4.750% , 11/01/14 14,032
150,000 Caterpillar, Inc.
6.950% , 05/01/42 176,870
30,000 Deere & Co.
6.950% , 04/25/14 33,007
---------
223,909
---------
INSURANCE - 1.4%
1,180,000 Ace Capital Trust II
9.700% , 04/01/30 1,574,145
Ace INA Holdings, Inc.
25,000 5.875% , 06/15/14 25,239
50,000 6.700% , 05/15/36 52,595
100,000 Aegon Funding Corp.
5.750% , 12/15/20 101,384
50,000 Aegon NV
4.750% , 06/01/13 48,081
910,000 Allied World Assurance Holdings Ltd.
7.500% , 08/01/16 963,739
Allstate Corp.
50,000 5.000% , 08/15/14 48,608
75,000 5.350% , 06/01/33 68,796
35,000 American International Group, Inc.
6.250% , 05/01/36 36,773
50,000 American Re Corp.
7.450% , 12/15/26 55,922
20,000 Arch Capital Group Ltd.
7.350% , 05/01/34 22,122
70,000 ASIF Global Financing
4.900% , 01/17/13 (a) 68,407
1,300,000 Axa
8.600% , 12/15/30 1,659,701
Berkshire Hathaway Finance Corp.
50,000 3.375% , 10/15/08 48,298
100,000 4.125% , 01/15/10 97,153
75,000 5.100% , 07/15/14 74,153
30,000 Cincinnati Financial Corp.
6.125% , 11/01/34 30,212
50,000 Commerce Group, Inc.
5.950% , 12/09/13 49,955
25,000 Endurance Specialty Holdings Ltd.
7.000% , 07/15/34 25,003
285,000 Everest Reinsurance Holdings, Inc.
5.400% , 10/15/14 277,896
9
Portfolio of Investments
MetLife Investment Funds, Inc. / Diversified Bond Fund / September 30, 2006
(Unaudited) (continued)
Principal
Amount Value
------------------------------------------------------------------
Genworth Financial, Inc.
20,000 5.750% , 06/15/14 20,394
10,000 6.500% , 06/15/34 10,831
15,000 Hartford Financial Services Group, Inc.
4.625% , 07/15/13 14,344
20,000 Hartford Life, Inc.
7.375% , 03/01/31 24,025
100,000 ING Groep NV
5.775% , 12/29/49 98,678
790,000 Liberty Mutual Insurance Co.
7.697% , 10/15/97 (a) 808,540
Lincoln National Corp.
50,000 6.150% , 04/07/36 50,961
930,000 7.000% , 05/17/66 974,088
25,000 Loews Corp.
5.250% , 03/15/16 24,239
Marsh & McLennan Cos., Inc.
100,000 3.625% , 02/15/08 97,436
100,000 5.150% , 09/15/10 98,524
50,000 5.375% , 07/15/14 48,087
25,000 MBIA, Inc.
5.700% , 12/01/34 24,077
MetLife, Inc.
25,000 5.500% , 06/15/14 (e) 25,151
50,000 6.375% , 06/15/34 (e) 52,994
100,000 Mony Group, Inc.
8.350% , 03/15/10 109,408
Principal Life Income Funding Trust
15,000 3.200% , 04/01/09 14,328
100,000 5.125% , 03/01/11 99,780
25,000 Progressive Corp.
6.250% , 12/01/32 26,260
Protective Life Secured Trust
15,000 4.000% , 04/01/11 14,269
100,000 4.850% , 08/16/10 98,952
Prudential Financial, Inc.
20,000 3.750% , 05/01/08 19,545
25,000 4.500% , 07/15/13 23,702
395,000 5.100% , 09/20/14 385,684
50,000 5.400% , 06/13/35 46,557
100,000 5.500% , 03/15/16 99,941
10,000 5.750% , 07/15/33 9,798
20,000 Radian Group, Inc.
5.625% , 02/15/13 20,036
60,000 Safeco Corp.
4.875% , 02/01/10 59,378
St. Paul Travelers Cos., Inc.
100,000 5.500% , 12/01/15 98,706
1,050,000 8.125% , 04/15/10 1,143,573
100,000 Transatlantic Holdings, Inc.
5.750% , 12/14/15 98,798
640,000 Unitrin, Inc.
4.875% , 11/01/10 621,197
1,250,000 W.R. Berkley Corp.
5.875% , 02/15/13 1,250,747
XL Capital Europe PLC
50,000 5.250% , 09/15/14 48,674
50,000 6.375% , 11/15/24 51,380
850,000 6.500% , 01/15/12 886,621
----------
12,927,885
----------
INTERNET SERVICES & APPLICATIONS - 0.0%
20,000 InterActiveCorp
7.000% , 01/15/13 20,518
----------
MANUFACTURING - 0.6%
50,000 Dover Corp.
4.875% , 10/15/15 48,142
810,000 Eastman Kodak Co.
7.250% , 11/15/13 # 790,953
700,000 General Electric Co.
5.000% , 02/01/13 692,091
Honeywell International, Inc.
50,000 5.400% , 03/15/16 50,145
50,000 5.700% , 03/15/36 50,212
100,000 7.500% , 03/01/10 107,242
25,000 Textron, Inc.
4.500% , 08/01/10 24,336
Tyco International Group SA
230,000 6.000% , 11/15/13 238,011
25,000 6.125% , 01/15/09 25,438
1,280,000 6.375% , 10/15/11 1,341,812
70,000 6.750% , 02/15/11 73,930
1,360,000 6.875% , 01/15/29 1,514,004
410,000 7.000% , 06/15/28 466,384
----------
5,422,700
----------
METALS & MINING - 0.1%
Alcan, Inc.
40,000 4.500% , 05/15/13 37,702
25,000 4.875% , 09/15/12 24,326
50,000 5.750% , 06/01/35 47,381
450,000 Alcoa, Inc.
7.375% , 08/01/10 483,133
25,000 Barrick Gold Finance Co.
4.875% , 11/15/14 23,817
BHP Billiton Finance USA Ltd.
150,000 4.800% , 04/15/13 145,722
100,000 5.250% , 12/15/15 98,698
130,000 Codelco, Inc.
4.750% , 10/15/14 (a) 122,664
Falconbridge Ltd.
20,000 5.375% , 06/01/15 19,147
20,000 7.350% , 06/05/12 21,578
10,000 Inco Ltd.
7.750% , 05/15/12 10,804
50,000 Noranda, Inc.
5.500% , 06/15/17 48,031
30,000 Nucor Corp.
4.875% , 10/01/12 29,232
100,000 Vale Overseas Ltd.
6.250% , 01/11/16 99,250
15,000 WMC Financial USA Ltd.
5.125% , 05/15/13 14,770
----------
1,226,255
----------
MULTIMEDIA - 1.8%
1,020,000 AMFM, Inc.
8.000% , 11/01/08 1,066,510
10
Portfolio of Investments
MetLife Investment Funds, Inc. / Diversified Bond Fund / September 30, 2006
(Unaudited) (continued)
Principal
Amount Value
------------------------------------------------------------------------------
AOL Time Warner, Inc.
200,000 6.750% , 04/15/11 209,176
555,000 7.625% , 04/15/31 613,092
815,000 7.700% , 05/01/32 910,141
1,424,000 AT&T Broadband
8.375% , 03/15/13 1,624,337
850,000 CBS Corp.
7.875% , 07/30/30 928,157
Clear Channel Communications, Inc.
240,000 4.250% , 05/15/09 231,945
25,000 4.500% , 01/15/10 24,019
50,000 4.625% , 01/15/08 49,354
685,000 5.000% , 03/15/12 642,556
50,000 5.500% , 12/15/16 45,055
20,000 5.750% , 01/15/13 19,221
410,000 6.250% , 03/15/11 411,256
Comcast Corp.
100,000 4.950% , 06/15/16 93,241
100,000 5.900% , 03/15/16 100,046
750,000 6.500% , 11/15/35 755,224
100,000 7.050% , 03/15/33 107,083
Cox Communications, Inc.
100,000 4.625% , 01/15/10 97,271
220,000 7.125% , 10/01/12 234,459
1,700,000 7.750% , 11/01/10 1,834,626
Gannett Co., Inc.
200,000 4.125% , 06/15/08 195,884
10,000 6.375% , 04/01/12 10,357
Liberty Media Corp.
40,000 3.750% , 02/15/30 24,900
710,000 7.750% , 07/15/09 739,780
540,000 7.875% , 07/15/09 565,333
25,000 News America Holdings
8.000% , 10/17/16 28,830
News America, Inc.
50,000 5.300% , 12/15/14 49,024
120,000 6.200% , 12/15/34 114,615
150,000 6.400% , 12/15/35 147,110
320,000 6.625% , 01/09/08 325,117
800,000 Tele-Communications-TCI Group
7.875% , 08/01/13 893,938
100,000 Thomson Corp.
5.500% , 08/15/35 91,690
680,000 Time Warner Entertainment Co. LP
8.375% , 03/15/23-07/15/33 785,559
Time Warner, Inc.
80,000 6.875% , 05/01/12 84,591
100,000 9.125% , 01/15/13 116,518
150,000 9.150% , 02/01/23 186,362
660,000 Turner Broadcasting System, Inc.
8.375% , 07/01/13 741,769
320,000 Univision Communications, Inc.
3.875% , 10/15/08 304,111
Viacom, Inc.
245,000 5.625% , 08/15/12 242,274
420,000 5.750% , 04/30/11 (a) 419,162
1,140,000 6.250% , 04/30/16 (a) 1,129,998
50,000 6.875% , 04/30/36 (a) 49,429
Walt Disney Co.
75,000 6.375% , 03/01/12 78,774
15,000 7.000% , 03/01/32 17,332
----------
17,339,226
----------
OIL & GAS - 2.2%
30,000 Alberta Energy Co. Ltd.
7.375% , 11/01/31 34,261
Amerada Hess Corp.
50,000 6.650% , 08/15/11 52,464
1,110,000 7.300% , 08/15/31 1,249,894
100,000 Anadarko Finance Co.
7.500% , 05/01/31 114,342
Anadarko Petroleum Corp.
740,000 5.790% , 09/15/09 (b) 740,902
1,750,000 6.450% , 09/15/36 1,787,501
25,000 Apache Corp.
6.250% , 04/15/12 26,078
25,000 Apache Finance Canada Corp.
7.750% , 12/15/29 30,728
10,000 BP Canada Finance Co.
3.375% , 10/31/07 9,795
520,000 BP Capital Markets PLC
2.750% , 12/29/06 516,813
Buckeye Partners
25,000 4.625% , 07/15/13 23,405
15,000 5.300% , 10/15/14 14,449
Burlington Resources Finance Co.
1,350,000 5.600% , 12/01/06 1,350,332
100,000 7.400% , 12/01/31 121,333
Canadian Natural Resources Ltd.
25,000 4.900% , 12/01/14 23,578
50,000 5.850% , 02/01/35 46,691
100,000 ChevronTexaco Capital Co. 3.375% , 02/15/08 97,578
Conoco Funding Co.
190,000 6.350% , 10/15/11 199,823
65,000 7.250% , 10/15/31 77,558
1,015,000 Conoco, Inc.
6.950% , 04/15/29 1,170,562
810,000 ConocoPhillips
4.750% , 10/15/12 793,316
620,000 Devon Energy Corp.
7.950% , 04/15/32 765,588
25,000 Diamond Offshore Drilling, Inc.
5.150% , 09/01/14 24,259
Duke Capital Corp.
100,000 6.250% , 02/15/13 102,754
50,000 6.750% , 02/15/32 52,998
50,000 Duke Energy Field Services LLC
7.875% , 08/16/10 54,119
940,000 Dynegy Holdings, Inc.
8.750% , 02/15/12 974,075
El Paso Corp.
560,000 7.750% , 01/15/32 # 574,000
690,000 7.800% , 08/01/31 707,250
220,000 El Paso Natural Gas
8.375% , 06/15/32 251,856
EnCana Corp.
20,000 4.600% , 08/15/09 19,638
50,000 4.750% , 10/15/13 47,354
30,000 6.500% , 08/15/34 31,159
100,000 Enterprise Products Operating LP
6.375% , 02/01/13 102,677
11
Portfolio of Investments
MetLife Investment Funds, Inc. / Diversified Bond Fund / September 30, 2006
(Unaudited) (continued)
Principal
Amount Value
------------------------------------------------------------------------------
50,000 Halliburton Co.
5.500% , 10/15/10 50,304
Kinder Morgan Energy Partners
240,000 5.000% , 12/15/13 227,942
25,000 5.125% , 11/15/14 23,763
75,000 5.800% , 03/15/35 68,229
85,000 6.750% , 03/15/11 88,560
280,000 7.125% , 03/15/12 296,826
Kinder Morgan Finance
100,000 5.350% , 01/05/11 97,257
100,000 6.400% , 01/05/36 89,545
Kinder Morgan, Inc.
40,000 6.500% , 09/01/12 40,033
20,000 7.250% , 03/01/28 19,436
10,000 Marathon Oil Corp.
6.125% , 03/15/12 10,361
25,000 Murphy Oil Corp.
6.375% , 05/01/12 25,809
10,000 Nabors Industries, Inc.
5.375% , 08/15/12 9,946
25,000 National Fuel Gas Co.
5.250% , 03/01/13 24,526
1,570,000 National Gas Co. of Trinidad & Tobago Ltd.
6.050% , 01/15/36 (a) 1,504,324
Nexen, Inc.
50,000 5.050% , 11/20/13 48,447
50,000 5.875% , 03/10/35 47,672
100,000 Occidental Petroleum Corp.
6.750% , 01/15/12 106,868
20,000 Ocean Energy, Inc.
4.375% , 10/01/07 19,804
50,000 PC Financial Partnership
5.000% , 11/15/14 47,874
Pemex Project Funding Master Trust
100,000 5.750% , 12/15/15 (a) 97,700
525,000 6.625% , 06/15/35 # 515,812
860,000 6.625% , 06/15/35 (a) 844,950
100,000 7.375% , 12/15/14 108,100
200,000 8.500% , 02/15/08 207,100
100,000 8.625% , 02/01/22 120,100
Petro-Canada
25,000 4.000% , 07/15/13 22,737
50,000 5.350% , 07/15/33 43,911
450,000 Petrobras Iinternational Finance Co.
6.125% , 10/06/16 448,081
230,000 Petronas Capital Ltd.
7.875% , 05/22/22 (a) 277,373
390,000 Petrozuata Finance, Inc.
8.220% , 04/01/17 (a) 380,250
25,000 Plains All American Pipeline LP/PAA Finance Corp.
5.625% , 12/15/13 24,708
Praxair, Inc.
25,000 3.950% , 06/01/13 23,116
40,000 6.375% , 04/01/12 42,054
60,000 Sonat, Inc.
7.625% , 07/15/11 61,500
60,000 Southern Natural Gas Co.
8.000% , 03/01/32 66,338
25,000 Suncor Energy, Inc.
7.150% , 02/01/32 29,352
100,000 Talisman Energy, Inc.
5.850% , 02/01/37 93,222
10,000 Tennessee Gas Pipeline Co.
8.375% , 06/15/32 11,474
25,000 Texaco Capital, Inc.
9.750% , 03/15/20 35,038
25,000 Texas Gas Transmission LLC
4.600% , 06/01/15 23,253
Trans-Canada Pipelines Ltd.
150,000 4.875% , 01/15/15 143,790
20,000 5.600% , 03/31/34 19,278
Valero Energy Corp.
100,000 6.875% , 04/15/12 106,461
85,000 7.500% , 04/15/32 98,465
100,000 Weatherford International, Inc.
4.950% , 10/15/13 96,146
100,000 Weatherford International, Ltd.
5.500% , 02/15/16 98,485
Williams Cos., Inc.
1,000,000 7.750% , 06/15/31 1,000,000
140,000 8.750% , 03/15/32 153,300
XTO Energy, Inc.
25,000 5.000% , 01/31/15 23,787
100,000 5.650% , 04/01/16 99,204
100,000 6.250% , 04/15/13 103,147
715,000 7.500% , 04/15/12 779,571
----------
21,234,459
----------
PHARMACEUTICALS - 0.2%
Abbott Laboratories
10,000 3.500% , 02/17/09 9,648
100,000 3.750% , 03/15/11 94,458
100,000 5.875% , 05/15/16 103,595
555,000 AmerisourceBergen Corp.
5.625% , 09/15/12 545,537
190,000 Bristol-Myers Squibb Co.
5.750% , 10/01/11 193,540
Cardinal Health, Inc.
10,000 4.000% , 06/15/15 8,859
100,000 5.850% , 12/15/17 99,827
50,000 6.750% , 02/15/11 52,293
20,000 GlaxoSmithKline Capital, Inc.
5.375% , 04/15/34 19,509
Hospira, Inc.
10,000 4.950% , 06/15/09 9,895
10,000 5.900% , 06/15/14 9,954
50,000 Merck & Co., Inc.
4.750% , 03/01/15 47,724
25,000 Pfizer, Inc.
4.500% , 02/15/14 24,270
Schering-Plough Corp.
40,000 5.550% , 12/01/13 40,130
130,000 6.750% , 12/01/33 143,234
100,000 Teva Pharmaceutical Finance LLC
5.550% , 02/01/16 98,189
200,000 Warner-Lambert Co.
6.000% , 01/15/08 201,409
Wyeth
150,000 5.500% , 03/15/13 - 02/01/14 150,419
12
Portfolio of Investments
MetLife Investment Funds, Inc. / Diversified Bond Fund / September 30, 2006
(Unaudited) (continued)
Principal
Amount Value
------------------------------------------------------------------------------
100,000 6.000% , 02/15/36 101,099
----------
1,953,589
----------
REAL ESTATE - 1.2%
AMB Property LP
470,000 5.450% , 12/01/10 474,115
500,000 7.100% , 06/30/08 513,913
50,000 Archstone-Smith Operating Trust REIT
3.000% , 06/15/08 48,142
50,000 AvalonBay Communities, Inc. REIT
6.125% , 11/01/12 51,763
50,000 Boston Properties, Inc. REIT
6.250% , 01/15/13 51,901
Brandywine Operating Partnership LP REIT
15,000 4.500% , 11/01/09 14,588
15,000 5.400% , 11/01/14 14,614
680,000 5.750% , 04/01/12 684,127
100,000 6.000% , 04/01/16 101,114
Brookfield Asset Management, Inc. Class A
50,000 7.125% , 06/15/12 53,562
100,000 7.375% , 03/01/33 112,812
Colonial Realty LP
100,000 5.500% , 10/01/15 97,439
630,000 6.050% , 09/01/16 635,947
Developers Diversified Realty Corp. REIT
770,000 5.000% , 05/03/10 759,929
50,000 5.375% , 10/15/12 49,488
25,000 Duke Realty LP
5.400% , 08/15/14 24,628
EOP Operating LP
50,000 4.650% , 10/01/10 48,511
200,000 7.750% , 11/15/07 204,868
50,000 7.875% , 07/15/31 58,817
ERP Operating LP
25,000 4.750% , 06/15/09 24,649
50,000 5.250% , 09/15/14 49,128
1,090,000 Health Care Property Investors, Inc. REIT
6.300% , 09/15/16 1,097,289
20,000 Health Care, Inc. REIT
6.000% , 11/15/13 19,927
15,000 Healthcare Realty Trust, Inc. REIT
5.125% , 04/01/14 14,291
20,000 HRPT Properties Trust REIT
6.250% , 08/15/16 20,593
iStar Financial, Inc. REIT
20,000 4.875% , 01/15/09 19,738
20,000 5.125% , 04/01/11 19,623
50,000 5.650% , 09/15/11 50,043
50,000 5.875% , 03/15/16 49,766
20,000 6.000% , 12/15/10 20,334
950,000 Kimco Realty Corp. REIT
5.584% , 11/23/15 945,011
820,000 Liberty Property-LP REIT
8.500% , 08/01/10 901,453
ProLogis REIT
100,000 5.250% , 11/15/10 99,372
30,000 5.500% , 03/01/13 29,852
100,000 5.625% , 11/15/15 99,211
50,000 Realty Income Corp. REIT
5.950% , 09/15/16 50,597
780,000 Reckson Operating Partnership LP REIT
6.000% , 03/31/16 786,988
Regency Centers LP REIT
850,000 5.250% , 08/01/15 824,633
10,000 6.750% , 01/15/12 10,600
Simon Property Group LP REIT
810,000 4.600% , 06/15/10 790,429
75,000 4.875% , 03/18/10 - 08/15/10 73,825
720,000 5.100% , 06/15/15 693,518
100,000 6.375% , 11/15/07 100,864
790,000 United Dominion Realty Trust, Inc. REIT
6.050% , 06/01/13 802,442
100,000 Vornado Realty L.P. REIT
5.600% , 02/15/11 99,978
20,000 Weingarten Realty Investments REIT
4.857% , 01/15/14 19,137
----------
11,713,569
----------
RETAIL - 0.3%
Autozone, Inc.
50,000 5.500% , 11/15/15 47,387
20,000 5.875% , 10/15/12 19,973
CVS Corp.
25,000 3.875% , 11/01/07 24,581
40,000 4.000% , 09/15/09 38,580
150,000 4.875% , 09/15/14 142,365
85,000 Federated Department Stores
6.625% , 04/01/11 88,009
Home Depot, Inc.
80,000 3.750% , 09/15/09 77,105
50,000 5.200% , 03/01/11 50,095
125,000 5.400% , 03/01/16 124,175
JC Penney Corp., Inc.
50,000 7.400% , 04/01/37 54,178
50,000 7.950% , 04/01/17 57,300
Limited Brands
25,000 5.250% , 11/01/14 23,690
25,000 6.125% , 12/01/12 25,304
Lowe's Cos., Inc.
100,000 5.500% , 10/15/35 97,037
50,000 8.250% , 06/01/10 55,104
May Department Stores Co.
50,000 4.800% , 07/15/09 49,058
50,000 5.750% , 07/15/14 49,209
30,000 8.750% , 05/15/29 36,985
20,000 McDonald's Corp.
5.750% , 03/01/12 20,566
Target Corp.
520,000 4.000% , 06/15/13 483,069
30,000 5.400% , 10/01/08 30,135
50,000 7.000% , 07/15/31 58,432
Wal-Mart Stores, Inc.
50,000 4.000% , 01/15/10 48,450
100,000 4.550% , 05/01/13 96,320
150,000 5.250% , 09/01/35 140,281
13
Portfolio of Investments
MetLife Investment Funds, Inc. / Diversified Bond Fund / September 30, 2006
(Unaudited) (continued)
Principal
Amount Value
-----------------------------------------------------------------------------
500,000 6.875% , 08/10/09 523,614
---------
2,461,002
---------
SAVINGS & LOAN - 0.1%
50,000 AmSouth Bank NA
4.850% , 04/01/13 48,482
50,000 Charter One Bank FSB
6.375% , 05/15/12 53,046
25,000 Greenpoint Financial Corp.
3.200% , 06/06/08 24,103
250,000 Washington Mutual Bank
6.875% , 06/15/11 266,265
Washington Mutual, Inc.
50,000 4.000% , 01/15/09 48,665
25,000 4.375% , 01/15/08 24,699
10,000 World Savings Bank FSB
4.500% , 06/15/09 9,832
---------
475,092
---------
SOFTWARE - 0.1%
50,000 Dun & Bradstreet Corp.
5.500% , 03/15/11 50,331
First Data Corp.
150,000 3.375% , 08/01/08 145,144
60,000 3.900% , 10/01/09 57,913
150,000 4.950% , 06/15/15 144,848
200,000 Oracle Corp.
5.000% , 01/15/11 198,089
---------
596,325
---------
TELECOMMUNICATIONS - 2.8%
ALLTEL Corp.
35,000 7.000% , 07/01/12 37,199
50,000 7.875% , 07/01/32 56,509
America Movil SA de CV
10,000 4.125% , 03/01/09 9,700
100,000 5.500% , 03/01/14 97,312
50,000 6.375% , 03/01/35 47,785
200,000 AT&T Corp.
8.000% , 11/15/31 244,451
AT&T Wireless Services, Inc.
840,000 7.875% , 03/01/11 919,878
1,000,000 8.750% , 03/01/31 1,278,400
910,000 AT&T, Inc.
5.300% , 11/15/10 907,322
BellSouth Corp.
50,000 4.200% , 09/15/09 48,494
240,000 4.750% , 11/15/12 228,961
50,000 5.200% , 09/15/14 48,193
150,000 6.000% , 11/15/34 140,799
25,000 6.550% , 06/15/34 25,041
British Telecommunications PLC
150,000 8.375% , 12/15/10 (d) 168,096
150,000 8.875% , 12/15/30 (d) 200,111
40,000 CenturyTel, Inc.
7.875% , 08/15/12 43,250
30,000 Cingular Wireless LLC
6.500% , 12/15/11 31,435
Cisco Systems, Inc.
150,000 5.250% , 02/22/11 150,631
100,000 5.500% , 02/22/16 100,795
Deutsche Telekom International Finance BV
150,000 5.250% , 07/22/13 145,708
460,000 5.750% , 03/23/16 450,054
950,000 8.000% , 06/15/10 1,036,349
750,000 8.250% , 06/15/30 916,267
150,000 9.250% , 06/01/32 197,539
Embarq Corp.
50,000 6.738% , 06/01/13 51,444
995,000 7.082% , 06/01/16 1,014,998
50,000 7.995% , 06/01/36 52,945
France Telecom SA
1,130,000 7.750% , 03/01/11 1,238,001
610,000 8.500% , 03/01/31 795,894
GTE Corp.
100,000 6.940% , 04/15/28 103,571
48,000 7.510% , 04/01/09 50,369
100,000 GTE North, Inc.
5.650% , 11/15/08 100,251
50,000 Harris Corp.
5.000% , 10/01/15 47,127
Nextel Communications, Inc.
125,000 6.875% , 10/31/13 127,243
525,000 7.375% , 08/01/15 541,663
50,000 Pacific Bell
7.125% , 03/15/26 53,905
Royal KPN NV
630,000 8.000% , 10/01/10 680,638
100,000 8.375% , 10/01/30 114,640
SBC Communications, Inc.
150,000 4.125% , 09/15/09 145,257
2,270,000 5.100% , 09/15/14 2,193,263
50,000 5.625% , 06/15/16 49,452
50,000 6.450% , 06/15/34 50,213
Sprint Capital Corp.
2,270,000 6.000% , 01/15/07 2,272,433
100,000 6.875% , 11/15/28 101,346
420,000 8.375% , 03/15/12 470,729
600,000 8.750% , 03/15/32 731,699
1,560,000 TCI Communications Finance
9.650% , 03/31/27 1,656,750
Telecom Italia Capital SA
50,000 4.000% , 01/15/10 47,375
170,000 4.950% , 09/30/14 156,135
435,000 5.250% , 11/15/13 - 10/01/15 408,852
50,000 6.000% , 09/30/34 44,703
1,220,000 6.200% , 07/18/11 1,234,487
50,000 6.375% , 11/15/33 46,761
Telefonica Emisones SAU
960,000 6.421% , 06/20/16 987,674
710,000 7.045% , 06/20/36 749,282
200,000 Telefonica Europe BV
7.750% , 09/15/10 215,918
Telefonos de Mexico SA
50,000 4.750% , 01/27/10 48,772
100,000 5.500% , 01/27/15 96,863
100,000 Telus Corp.
8.000% , 06/01/11 110,230
100,000 Verizon Florida, Inc.
6.125% , 01/15/13 101,245
Verizon Global Funding Corp.
50,000 4.000% , 01/15/08 49,203
55,000 6.875% , 06/15/12 58,752
200,000 7.250% , 12/01/10 214,526
14
Portfolio of Investments
MetLife Investment Funds, Inc. / Diversified Bond Fund / September 30, 2006
(Unaudited) (continued)
Principal
Amount Value
------------------------------------------------------------------------------
960,000 7.750% , 12/01/30 1,100,476
100,000 Verizon Maryland, Inc.
6.125% , 03/01/12 101,953
30,000 Verizon New England, Inc.
6.500% , 09/15/11 30,776
Vodafone Group PLC
200,000 7.750% , 02/15/10 214,459
100,000 7.875% , 02/15/30 117,257
----------
26,309,809
----------
TRANSPORTATION - 0.1%
Burlington Northern Santa Fe Corp.
50,000 4.875% , 01/15/15 48,262
175,000 7.125% , 12/15/10 187,131
25,000 Canadian National Railway Co.
4.250% , 08/01/09 24,377
CSX Corp.
50,000 6.000% , 10/01/36 50,555
100,000 7.950% , 05/01/27 124,097
FedEx Corp.
25,000 3.500% , 04/01/09 23,985
40,000 5.500% , 08/15/09 40,257
35,000 Kowloon Canton Railway Corp.
8.000% , 03/15/10 38,022
50,000 MTR Corp.
7.500% , 02/04/09 52,358
200,000 Norfolk Southern Corp.
7.250% , 02/15/31 235,694
Union Pacific Corp.
20,000 5.375% , 05/01/14 19,954
10,000 6.500% , 04/15/12 10,561
----------
855,253
----------
UTILITIES- ELECTRIC - 1.7%
Alabama Power Co.
25,000 3.125% , 05/01/08 24,199
25,000 3.500% , 11/15/07 24,527
Appalachian Power Co.
100,000 5.000% , 06/01/17 93,676
50,000 5.800% , 10/01/35 47,221
Arizona Public Service
25,000 5.800% , 06/30/14 24,870
50,000 6.500% , 03/01/12 51,604
50,000 Centerpoint Energy Houston
5.750% , 01/15/14 50,341
20,000 Cincinnati Gas & Electric
5.700% , 09/15/12 20,150
10,000 Cleveland Electric Illuminating Co.
5.650% , 12/15/13 9,997
Consolidated Edison Co. of New York
50,000 4.700% , 06/15/09 49,428
70,000 6.450% , 12/01/07 70,911
15,000 Constellation Energy Group, Inc.
7.600% , 04/01/32 17,660
Consumers Energy Co.
20,000 4.000% , 05/15/10 19,091
25,000 4.250% , 04/15/08 24,561
50,000 5.150% , 02/15/17 47,667
25,000 5.375% , 04/15/13 24,758
25,000 5.500% , 08/15/16 24,619
20,000 Dayton Power & Light Co.
5.125% , 10/01/13 19,646
Dominion Resources, Inc.
130,000 4.125% , 02/15/08 127,927
50,000 4.750% , 12/15/10 48,755
220,000 5.125% , 12/15/09 218,564
65,000 5.250% , 08/01/33 62,931
230,000 5.700% , 09/17/12 231,386
15,000 6.750% , 12/15/32 16,048
100,000 7.195% , 09/15/14 108,891
Duke Energy Corp.
1,375,000 4.200% , 10/01/08 1,346,278
100,000 5.300% , 10/01/15 99,414
50,000 Empresa Nacional de Electricidad SA
8.500% , 04/01/09 53,234
30,000 Energy East Corp.
6.750% , 06/15/12 31,491
Exelon Corp.
50,000 4.450% , 06/15/10 48,458
470,000 5.625% , 06/15/35 443,758
200,000 Exelon Generation Co. LLC
6.950% , 06/15/11 212,018
FirstEnergy Corp.
432,000 5.500% , 11/15/06 431,983
100,000 6.450% , 11/15/11 104,318
1,230,000 7.375% , 11/15/31 1,422,058
Florida Power & Light Co.
75,000 4.950% , 06/01/35 66,750
100,000 5.400% , 09/01/35 95,279
Florida Power Corp.
50,000 4.500% , 06/01/10 48,765
50,000 4.800% , 03/01/13 48,435
Hydro-Quebec
500,000 6.300% , 05/11/11 523,494
100,000 8.050% , 07/07/24 129,793
20,000 Jersey Central Power & Light
5.625% , 05/01/16 19,914
550,000 Korea Electric Power Corp.
4.250% , 09/12/07 (a) 544,322
15,000 Metropolitan Edison Co.
4.875% , 04/01/14 (a) 14,295
MidAmerican Energy Co.
15,000 4.650% , 10/01/14 14,247
100,000 5.125% , 01/15/13 99,156
50,000 6.750% , 12/30/31 55,778
MidAmerican Energy Holdings Co.
80,000 3.500% , 05/15/08 77,774
50,000 5.000% , 02/15/14 48,344
50,000 6.125% , 04/01/36 (a) 50,540
1,050,000 Niagara Mohawk Power Corp.
7.750% , 10/01/08 1,096,019
Nisource Finance Corp.
50,000 5.400% , 07/15/14 48,388
100,000 5.450% , 09/15/20 93,061
100,000 Northern States Power Corp.
5.250% , 07/15/35 92,917
Oncor Electric Delivery Co.
70,000 6.375% , 01/15/15 72,270
160,000 7.000% , 09/01/22 - 05/01/32 175,129
Pacific Gas & Electric Co.
15,000 3.600% , 03/01/09 14,464
20,000 4.200% , 03/01/11 19,183
25,000 4.800% , 03/01/14 24,059
315,000 6.050% , 03/01/34 316,831
50,000 Pacificorp
5.250% , 06/15/35 46,069
15
Portfolio of Investments
MetLife Investment Funds, Inc. / Diversified Bond Fund / September 30, 2006
(Unaudited) (continued)
Principal
Amount Value
------------------------------------------------------------------------------
50,000 Peco Energy Co.
3.500% , 05/01/08 48,656
80,000 PPL Electric Utilities Corp.
6.250% , 08/15/09 82,144
PPL Energy Supply LLC
25,000 5.400% , 08/15/14 24,554
100,000 6.400% , 11/01/11 103,714
PSE&G Power LLC
1,145,000 3.750% , 04/01/09 1,103,120
20,000 5.000% , 04/01/14 19,059
25,000 5.500% , 12/01/15 24,466
150,000 7.750% , 04/15/11 162,750
100,000 PSI Energy, Inc.
5.000% , 09/15/13 96,677
Public Service Co. of Colorado
50,000 4.375% , 10/01/08 49,184
35,000 7.875% , 10/01/12 39,520
Public Service Electric & Gas Co.
50,000 4.000% , 11/01/08 48,719
25,000 5.000% , 08/15/14 24,344
100,000 Puget Sound Energy, Inc.
6.274% , 03/15/37 101,748
Scottish Power PLC
50,000 4.910% , 03/15/10 49,177
25,000 5.810% , 03/15/25 24,539
50,000 South Carolina Electric & Gas
5.300% , 05/15/33 46,975
Southern California Edison Co.
50,000 5.000% , 01/15/16 48,293
50,000 5.625% , 02/01/36 48,522
40,000 6.000% , 01/15/34 40,886
TXU Corp.
1,100,000 4.800% , 11/15/09 1,072,141
320,000 5.550% , 11/15/14 302,329
835,000 6.550% , 11/15/34 786,465
2,190,000 TXU Energy Co. LLC
7.000% , 03/15/13 2,299,255
15,000 Union Electric Co.
5.100% , 10/01/19 14,073
Virginia Electric & Power Co.
200,000 4.750% , 03/01/13 191,637
100,000 5.400% , 01/15/16 98,325
30,000 Wisconsin Electric Power
4.500% , 05/15/13 28,621
-----------
16,467,607
-----------
UTILITIES- GAS - 0.0%
20,000 AGL Capital Corp.
6.000% , 10/01/34 19,038
30,000 Atmos Energy Corp.
5.125% , 01/15/13 29,016
200,000 KeySpan Corp.
7.625% , 11/15/10 215,829
50,000 Oneok, Inc.
6.000% , 06/15/35 45,759
50,000 Sempra Energy
4.750% , 05/15/09 49,350
50,000 Southern California Gas Co.
4.375% , 01/15/11 48,396
20,000 Southern Union Co.
7.600% , 02/01/24 20,851
-----------
428,239
-----------
UTILITIES- WATER - 0.0%
United Utilities PLC
25,000 4.550% , 06/19/18 22,324
50,000 5.375% , 02/01/19 47,664
-----------
69,988
-----------
TOTAL CORPORATE BONDS & NOTES
(Cost $354,300,896) 356,689,683
-----------
U.S. GOVERNMENT & AGENCY OBLIGATIONS - 63.5%
FEDERAL FARM CREDIT BANK - 0.1%
Federal Farm Credit Bank
100,000 3.000% , 04/15/08 97,064
100,000 4.125% , 07/17/09 97,831
200,000 4.250% , 10/10/08 197,304
200,000 4.875% , 02/18/11 199,358
-----------
591,557
-----------
FEDERAL HOME LOAN BANK SYSTEM - 1.3%
Federal Home Loan Bank System
1,200,000 3.250% , 12/17/07 1,174,462
2,090,000 3.625% , 01/15/08 - 11/14/08 2,040,732
500,000 3.750% , 08/18/09 484,269
500,000 4.000% , 03/10/08 492,963
1,250,000 4.250% , 09/26/08 - 11/02/10 1,229,505
1,000,000 4.375% , 03/17/10 982,218
500,000 4.500% , 09/16/13 486,608
300,000 4.625% , 01/18/08 298,359
50,000 4.650% , 08/22/08 49,684
1,000,000 5.000% , 10/13/11 1,002,598
100,000 5.050% , 01/26/15 99,268
1,000,000 5.125% , 08/08/08 1,002,055
2,500,000 5.250% , 10/03/07 - 06/10/11 2,508,254
200,000 5.375% , 05/18/16 - 08/15/18 205,744
75,000 5.625% , 06/13/16 77,316
500,000 6.000% , 04/25/16 504,190
-----------
12,638,225
-----------
FEDERAL HOME LOAN MORTGAGE CORP. - 8.4%
Federal Home Loan Mortgage Corp.
1,000,000 2.750% , 03/15/08 968,676
50,000 3.500% , 03/24/08 48,941
838,663 4.000% , 11/01/19 - 02/01/20 792,609
1,190,000 4.125% , 07/12/10 - 10/18/10 1,157,715
300,000 4.250% , 05/23/08 - 05/22/13 295,118
1,500,000 4.375% , 11/16/07 - 07/17/15 1,479,618
1,911,715 4.500% , 11/15/11 - 08/01/35 1,821,913
770,000 4.625% , 02/21/08 - 07/28/10 764,957
2,570,000 4.650% , 10/10/13 2,481,047
450,000 4.750% , 01/18/11 447,278
1,500,000 4.875% , 02/17/09 - 11/15/13 1,494,111
28,548,676 5.000% , 01/30/14 - TBA 27,512,360
200,000 5.100% , 03/14/08 199,704
890,000 5.125% , 10/15/08 - 05/13/13 892,099
100,000 5.200% , 03/05/19 97,220
2,550,000 5.250% , 02/24/11 - 04/18/16 2,571,568
710,000 5.300% , 05/12/20 685,064
16
Portfolio of Investments
MetLife Investment Funds, Inc. / Diversified Bond Fund / September 30, 2006
(Unaudited) (continued)
Principal
Amount Value
------------------------------------------------------------------------------
22,880,675 5.500% , 04/24/09 - TBA 22,692,203
1,040,000 5.625% , 11/23/35 1,016,814
8,221,423 6.000% , 06/15/11 - TBA 8,318,453
400,000 6.250% , 07/15/32 463,375
1,214,954 6.500% , 06/14/24 - 06/01/32 1,241,103
1,500,000 6.875% , 09/15/10 1,605,114
735,655 7.000% , 05/01/30 - 12/01/33 756,991
227,059 7.500% , 09/01/29 - 05/01/31 235,503
223,250 8.000% , 07/01/30 - 05/01/31 234,717
-----------
80,274,271
-----------
FEDERAL HOME LOAN PC - 0.8%
Federal Home Loan PC
2,943,147 4.500% , 12/01/18 - 03/01/36 2,821,545
3,113,267 5.000% , 02/01/19 - 07/01/19 3,063,114
1,654,713 6.500% , 08/01/26 1,692,332
-----------
7,576,991
-----------
FEDERAL NATIONAL MORTGAGE ASSOCIATION - 26.1%
Federal National Mortgage Association
230,000 2.710% , 01/30/07 228,062
100,000 3.125% , 03/16/09 95,863
500,000 3.250% , 11/15/07 490,017
500,000 3.375% , 12/15/08 483,641
1,200,000 3.875% , 07/15/08 1,177,369
2,258,657 4.000% , 05/01/19 - 10/01/20 2,136,952
200,000 4.150% , 09/10/09 195,871
350,000 4.200% , 03/24/08 - 06/08/09 343,812
1,000,000 4.250% , 05/15/09 984,035
15,444,360 4.500% , 06/01/18 - TBA 14,767,378
2,370,000 4.610% , 10/10/13 2,284,258
800,000 4.625% , 10/15/14 782,399
1,000,000 4.750% , 08/25/08 995,770
58,099,225 5.000% , 09/15/08 - TBA 56,177,519
1,200,000 5.125% , 04/15/11 1,210,577
730,000 5.200% , 11/08/10 727,084
500,000 5.250% , 09/15/16 509,458
100,000 5.400% , 11/30/07 100,005
75,025,374 5.500% , 01/01/18 - TBA 74,197,081
100,000 5.750% , 02/17/22 97,588
200,000 5.800% , 02/09/26 199,778
60,136,868 6.000% , 10/01/08 - TBA 60,473,844
100,000 6.070% , 05/12/16 101,072
100,000 6.250% , 01/25/21 99,710
24,293,307 6.500% , 05/01/16 - TBA 24,802,606
840,000 6.625% , 09/15/09 - 11/15/30 894,510
4,082,357 7.000% , 01/01/28 - 08/01/36 4,198,566
500,000 7.250% , 05/15/30 642,189
500,637 7.500% , 10/01/15 - 03/01/31 518,331
194,757 8.000% , 07/01/25 204,327
44,728 8.500% , 12/01/26 - 07/01/27 48,052
-----------
250,167,724
-----------
GOVERNMENT NATIONAL MORTGAGE ASSOCIATION - 6.2%
Government National Mortgage Association
664,705 4.500% , 09/15/33 - 10/15/33 629,147
19,221,204 5.000% , 07/15/33 - TBA 18,703,481
19,629,063 5.500% , 02/15/33 - TBA 19,499,281
17,886,343 6.000% , 02/15/26 - TBA 18,125,684
1,730,706 6.500% , 08/15/28 - TBA 1,777,487
478,575 7.000% , 01/15/23 - 04/15/29 494,136
330,054 7.500% , 10/15/22 - 09/15/29 343,764
74,464 8.000% , 10/15/29 - 07/15/30 78,919
-----------
59,651,899
-----------
TENNESSEE VALLEY AUTHORITY - 0.1%
Tennessee Valley Authority
100,000 4.375% , 06/15/15 95,813
25,000 4.650% , 06/15/35 23,079
100,000 6.150% , 01/15/38 115,347
50,000 6.250% , 12/15/17 55,201
125,000 6.750% , 11/01/25 149,003
-----------
438,443
-----------
U.S. TREASURY BONDS - 4.2%
United States Treasury Bonds
580,000 3.342% , 11/15/21 #,(c) 278,559
3,390,000 4.500% , 02/15/36 # 3,248,308
1,200,000 5.250% , 02/15/29 1,268,906
250,000 5.375% , 02/15/31 270,020
750,000 6.000% , 02/15/26 858,106
900,000 6.125% , 11/15/27 1,052,648
1,950,000 6.250% , 08/15/23 - 05/15/30 2,314,957
2,800,000 6.375% , 08/15/27 # 3,361,313
400,000 6.500% , 11/15/26 484,656
3,500,000 6.625% , 02/15/27 # 4,303,908
400,000 6.875% , 08/15/25 499,781
500,000 7.125% , 02/15/23 628,047
2,900,000 7.250% , 05/15/16 - 08/15/22 3,563,040
850,000 7.500% , 11/15/16 1,041,250
400,000 7.625% , 02/15/25 534,281
6,100,000 8.000% , 11/15/21 # 8,160,653
2,750,000 8.125% , 08/15/19 - 08/15/21 3,662,305
1,800,000 8.750% , 05/15/17 - 08/15/20 2,463,734
350,000 8.875% , 08/15/17 472,774
500,000 9.125% , 05/15/18 694,258
150,000 10.375% , 11/15/12 158,848
800,000 12.000% , 08/15/13 903,531
400,000 13.250% , 05/15/14 484,109
-----------
40,707,992
-----------
U.S. TREASURY INFLATION INDEXED BONDS - 1.3%
United States Treasury Inflation Indexed Bonds
784,005 0.875% , 04/15/10 (f)# 742,937
354,490 1.875% , 07/15/13 (f)# 345,309
55,057 2.000% , 01/15/14 (f) 54,005
194,288 2.000% , 07/15/14 (f)# 190,418
1,742,670 2.000% , 01/15/26 (f)# 1,671,329
2,946,707 2.375% , 01/15/25 (f)# 2,994,132
504,170 3.375% , 01/15/12 (f)# 530,678
4,880,807 3.625% , 04/15/28 (f)# 6,048,579
-----------
12,577,399
-----------
U.S. TREASURY INFLATION INDEXED NOTES - 1.0%
United States Treasury Inflation Indexed Notes
251,042 1.875% , 07/15/15 (f)# 243,080
7,698,501 2.000% , 01/15/16 (f)# 7,521,674
1,957,865 2.375% , 04/15/11 (f)# 1,959,930
-----------
9,724,684
-----------
U.S. TREASURY NOTES - 14.0%
United States Treasury Notes
5,000,000 2.500% , 10/31/06 # 4,990,235
10,975,000 2.625% , 05/15/08 - 03/15/09 # 10,589,180
1,000,000 3.000% , 11/15/07 979,688
11,250,000 3.125% , 09/15/08 # 10,924,807
1,500,000 3.125% , 04/15/09 1,446,562
1,500,000 3.250% , 08/15/08 1,461,328
3,000,000 3.375% , 02/15/08 - 10/15/09 2,919,805
5,490,000 3.500% , 08/15/09 - 12/15/09 # 5,319,638
17
Portfolio of Investments
MetLife Investment Funds, Inc. / Diversified Bond Fund / September 30, 2006
(Unaudited) (continued)
Principal
Amount Value
------------------------------------------------------------------------------
1,500,000 3.500% , 11/15/09 - 02/15/10 1,449,707
3,775,000 3.625% , 07/15/09 - 01/15/10 # 3,669,261
500,000 3.625% , 06/15/10 483,965
8,000,000 3.750% , 05/15/08 # 7,875,312
7,500,000 3.875% , 09/15/10 # 7,308,105
3,000,000 3.875% , 07/15/10 - 02/15/13 2,896,954
3,850,000 4.000% , 06/15/09 - 02/15/14 3,766,738
2,025,000 4.125% , 08/15/10 - 05/15/15 1,972,720
6,975,000 4.250% , 10/31/07 - 11/15/14 6,842,243
6,250,000 4.375% , 12/15/10 # 6,198,244
5,178,000 4.375% , 01/31/08 - 08/15/12 5,142,712
4,450,000 4.500% , 02/15/09 - 02/28/11 # 4,433,732
3,050,000 4.500% , 11/15/10 - 02/15/16 3,026,263
1,000,000 4.625% , 03/31/08 997,656
3,580,000 4.750% , 11/15/08 - 05/15/14 3,596,862
10,675,000 4.875% , 04/30/11 # 10,793,845
5,850,000 4.875% , 05/31/08 - 02/15/12 5,899,752
2,000,000 5.000% , 02/15/11 - 08/15/11 2,036,953
14,300,000 5.125% , 06/30/11 - 05/15/16 # 14,658,521
1,000,000 5.500% , 02/15/08 - 05/15/09 1,015,567
1,000,000 5.625% , 05/15/08 1,013,633
500,000 5.750% , 08/15/10 520,352
-----------
134,230,340
-----------
TOTAL U.S. GOVERNMENT & AGENCY OBLIGATIONS
(Cost $610,284,261) 608,579,513
-----------
FOREIGN GOVERNMENT OBLIGATIONS - 1.0%
50,000 Hellenic Republic
6.950% , 03/04/08 51,324
250,000 Malaysia
7.500% , 07/15/11 272,281
100,000 Poland Government International Bond
5.000% , 10/19/15 97,914
50,000 Province of British Columbia
4.300% , 05/30/13 48,083
Province of Manitoba
50,000 4.450% , 04/12/10 49,202
200,000 9.625% , 12/01/18 276,491
20,000 Province of Nova Scotia
5.750% , 02/27/12 20,622
Province of Ontario
100,000 3.125% , 05/02/08 97,075
50,000 3.625% , 10/21/09 48,161
100,000 4.500% , 02/03/15 96,271
50,000 5.450% , 04/27/16 51,336
Province of Quebec
50,000 4.600% , 05/26/15 48,054
50,000 4.875% , 05/05/14 49,226
200,000 7.125% , 02/09/24 239,124
50,000 7.500% , 09/15/29 64,140
100,000 Region of Lombardy
5.804% , 10/25/32 102,276
100,000 Republic of Egypt
4.450% , 09/15/15 96,488
Republic of Chile
50,000 5.500% , 01/15/13 50,300
20,000 7.125% , 01/11/12 21,560
50,000 Republic of Hungary
4.750% , 02/03/15 47,604
Republic of Italy
100,000 3.250% , 05/15/09 96,051
50,000 3.750% , 12/14/07 49,238
500,000 4.000% , 06/16/08 492,125
250,000 4.375% , 06/15/13 241,418
200,000 6.875% , 09/27/23 233,354
Republic of Korea
30,000 4.250% , 06/01/13 28,213
50,000 4.875% , 09/22/14 48,560
100,000 5.625% , 11/03/25 99,983
100,000 8.875% , 04/15/08 105,913
Republic of Poland
50,000 5.250% , 01/15/14 49,843
25,000 6.250% , 07/03/12 26,276
2,090,000 Russian Federation
5.000% , 03/31/30 (d) 2,332,649
South African Republic
35,000 6.500% , 06/02/14 36,750
100,000 7.375% , 04/25/12 108,125
State of Israel
100,000 4.625% , 06/15/13 95,022
250,000 5.500% , 12/04/23 - 04/26/24 260,405
United Mexican States
150,000 4.625% , 10/08/08 147,975
112,000 5.625% , 01/15/17 110,656
200,000 6.375% , 01/16/13 210,300
30,000 6.625% , 03/03/15 31,875
75,000 6.750% , 09/27/34 79,613
1,326,000 7.500% , 04/08/33 1,529,541
50,000 8.000% , 09/24/22 59,875
75,000 8.125% , 12/30/19 90,000
470,000 8.300% , 08/15/31 586,090
300,000 8.375% , 01/14/11 334,800
75,000 11.375% , 09/15/16 107,625
20,000 11.500% , 05/15/26 31,670
-----------
TOTAL FOREIGN GOVERNMENT OBLIGATIONS
(Cost $8,788,345) 9,451,477
-----------
COMMON STOCKS - 0.0%
Shares Value
------------------------------------------------------------------------------
1,732 Applied Extrusion Technologies, Inc. Class B #* 6,928
880 Globix Corp. (g) 0
367,973 Home Interiors & Gifts, Inc. (g) 99,353
-----------
TOTAL COMMON STOCKS
(Cost $213,037) 106,281
-----------
PREFERRED STOCKS - 0.0%
15,100 General Motors Acceptance Corp. Class B
Convertible 5.250% 303,812
-----------
Total Preferred Stock
(Cost $283,270) 303,812
-----------
18
Portfolio of Investments
MetLife Investment Funds, Inc. / Diversified Bond Fund / September 30, 2006
(Unaudited) (continued)
Principal
Amount Value
-----------------------------------------------------------------------------
MUNICIPALS - 0.1%
CALIFORNIA - 0.0%
50,000 Alameda Corridor Transportation Authority (MBIA)
6.600% , 10/01/29 56,143
----------
ILLINOIS - 0.0%
50,000 State of Illinois G.O.
4.950% , 06/01/23 47,804
50,000 State of Illinois G.O.
5.100% , 06/01/33 47,911
----------
95,715
----------
NEW JERSEY - 0.1%
100,000 New Jersey Economic Development Authority, Ser. A
(MBIA)
7.425% , 02/15/29 123,834
5,000 New Jersey State Turnpike Authority Rev. Bond
Prerefunded, Ser. B (AMBAC)
4.252% , 01/01/16 4,679
95,000 New Jersey State Turnpike Authority Rev. Bond
Unrefunded Balance, Ser. B (AMBAC)
4.252% , 01/01/16 89,596
----------
218,109
----------
OREGON - 0.0%
50,000 Oregon School Boards Association, Rev.Bond (FSA)
5.528% , 06/30/28 49,608
50,000 State of Oregon G.O.
5.762% , 06/01/23 51,572
100,000 State of Oregon G.O.
5.892% , 06/01/27 104,979
----------
206,159
----------
WISCONSIN - 0.0%
50,000 State of Wisconsin, Rev. Bond, Ser. A (FSA)
5.700% , 05/01/26 51,039
----------
TOTAL MUNICIPALS
(Cost $620,259) 627,165
----------
PURCHASED OPTIONS - 0.1%
CALL OPTIONS - 0.1%
47,500 EuroDollar Futures Strike 94.00 Expires
12/18/2006 31,588
175,000 EuroDollar Futures Strike 94.50 Expires
12/18/2006 29,750
185,000 EuroDollar Futures Strike 94.63 Expires
12/18/2006 12,025
80,000 EuroDollar Futures Strike 94.75 Expires
03/19/2007 15,000
4,500,000 OTC C 102.03 Expires
11/06/2006 33,925
69,000 United States Treasury Bonds Futures Strike 110
Expires
11/21/2006 183,281
37,000 United States Treasury Notes 5 Year Futures
Strike 100 Expires
11/21/2006 204,078
178,000 United States Treasury Notes 5 Year Futures
Strike 102 Expires
11/21/2006 625,781
----------
1,135,428
----------
PUT OPTIONS - 0.0%
17,500 EuroDollar Futures Strike 93.00 Expires
03/19/2007 44
----------
TOTAL PURCHASED OPTIONS
(Cost $944,063) 1,135,472
----------
SHORT-TERM INVESTMENTS - 6.3%
COMMERCIAL PAPER - 2.4%
3,000,000 Barton Capital Corp.
4.983% , 10/19/06 2,992,110
380,000 Government of Canada
5.080% , 12/15/06 375,978
6,000,000 Jupiter Securitization Corp.
4.951% , 10/17/06 5,985,974
7,000,000 Park Avenue Receivables
4.782% , 10/11/06 6,989,772
7,000,000 Polonius, Inc.
4.782% , 10/11/06 6,989,772
----------
23,333,606
----------
GOVERNMENT & AGENCY SECURITIES - 0.1%
560,000 Federal National Mortgage Association
4.909% , 06/25/07 (c) 539,533
----------
MUTUAL FUND - 2.0%
19,412,290 Goldman Sachs Prime Obligations Fund 5.221% (h) 19,412,290
----------
REPURCHASE AGREEMENTS - 1.8%
13,800,000 Lehman Brothers Repurchase Agreement dated
09/29/06 at 5.250% to be repurchased at
$13,806,038 on 10/02/06 collateralized by
$43,820,000 RFCSP Strip Principal 0.000% due
01/15/30 with a value of $13,917,480. 13,800,000
19
Portfolio of Investments
MetLife Investment Funds, Inc. / Diversified Bond Fund / September 30, 2006
(Unaudited) (continued)
Principal
Amount Value
-------------------------------------------------------------------------------
3,260,000 State Street Bank & Trust Co., Repurchase
Agreement, dated 09/29/06 at 2.500% to be
repurchased at $3,260,679 on 10/02/06
collateralized by $2,615,000 U.S. Treasury Bond
at 7.250% due 08/15/22 with a value of
$3,330,749. 3,260,000
--------------
17,060,000
--------------
TOTAL SHORT-TERM INVESTMENTS
(Cost $60,345,429) 60,345,429
--------------
TOTAL INVESTMENTS - 108.2%
(Cost $1,035,779,560) 1,037,238,832
--------------
Liabilities in excess of other assets - (8.2)% (78,655,084)
--------------
TOTAL NET ASSETS - 100.0% $ 958,583,748
==============
FOOT NOTES TO THE PORTFOLIO OF INVESTMENTS:
# - A portion or all of the security was held on loan. As of September 30,
2006, the market value of the securities loaned was $119,459,566 and the
collateral received consisted of cash in the amount of $121,884,017.
* - Non-income producing security.
(a) - 144A securities. Securities restricted for resale to Qualified
Institutional Buyers.
(b) - Indicates a variable rate security. The rate shown reflects the current
interest rate in effect at September 30, 2006.
(c) - Security is issued with a zero coupon. Income is recognized through the
accretion of discount. Interest rate represents current yield to
maturity.
(d) - Step-up Bond. Coupon rate increases in increments to maturity. Rate
disclosed is as of September 30, 2006. Maturity date disclosed is the
ultimate maturity.
(e) - Indicates an affiliated issuer. See table for more information.
(f) - Represents a Treasury Inflation--Protected Security (TIPS). The interest
and redemption payments for TIPS are ties to inflation as measured by
the Consumer Price Index.
(g) - Represents a security which is fair-valued.
(h) - Rate quoted represents the seven day yield of the Fund.
For information regarding the Fund's policy regarding valuation of investments
and other significant accounting policies, please refer to the Fund's most
recent Semiannual Report.
SECURITY ABBREVIATIONS:
AMBAC - American Municipal Bond Assurance Corp.
FSA--Financial Security Assurance Co.
MBIA - Municipal Bond Insurance Association
REIT--Real Estate Investment Trust
TBA - To Be Announced
See Notes to Portfolio of Investments.
AFFILIATED ISSUER:
[Enlarge/Download Table]
Par Purchased Par Sold Income Earned
Par held For the Nine Months For the Nine Months Par held For the Nine Months
Security Description at 12/31/05 Ended 09/30/06 Ended 09/30/06 at 9/30/06 Ended 09/30/06
-------------------- ----------- ------------------- ------------------- ---------- -------------------
MetLife, Inc., 5.500% 06/15/14 25,000 -- -- 25,000 $1,043
MetLife, Inc., 6.375% 06/15/34 50,000 -- -- 50,000 2,417
20
Notes to Schedule of Investments
MetLife Investment Funds, Inc./ September 30, 2006 (Unaudited)
At September 30, 2006, the cost of securities for federal income tax purposes
and the unrealized appreciation (depreciation) of investments for federal
income tax purposes for each Fund was as follows:
[Download Table]
GROSS GROSS NET UNREALIZED
FEDERAL INCOME UNREALIZED UNREALIZED APPRECIATION/
FUND TAX COST APPRECIATION (DEPRECIATION) (DEPRECIATION)
---- -------------- ------------ -------------- --------------
International Stock Fund $ 459,222,940 $122,684,616 $ 4,530,935 $118,153,681
Small Company Stock Fund 420,925,857 59,597,686 25,485,102 34,112,584
Large Company Stock Fund 737,418,585 154,778,753 38,427,627 116,351,126
Diversified Bond Fund 1,035,779,560 10,939,847 9,480,575 1,459,272
FUTURES CONTRACTS:
At September 30, 2006 the MetLife Investment Small Company Stock Fund had the
following open futures contracts:
[Enlarge/Download Table]
Expiration Unrealized
Number of Contracts Face Value Underlying Securities Date Notional Cost Notional Value Appreciation
------------------- ---------- --------------------- ---------- ------------- -------------- ------------
Long Position
-------------
26 2,600 Russell 2000 Index Dec-2006 $1,857,500 $1,903,460 $45,960
24 2,400 S&P Midcap 400 Index Dec-2006 1,791,175 1,825,440 34,265
-------
$80,225
=======
At September 30, 2006 the MetLife Investment Large Company Stock Fund had the
following open futures contracts:
[Enlarge/Download Table]
Expiration Unrealized
Number of Contracts Face Value Underlying Securities Date Notional Cost Notional Value Appreciation
------------------- ---------- --------------------- ---------- ------------- -------------- ------------
Long Position
-------------
20 5,000 S&P 500 Index Dec-2006 $6,559,073 $6,727,000 $167,927
52 2,600 S&P 500 Index Dec-2006 3,457,818 3,498,040 40,222
--------
$208,149
========
At September 30, 2006 the MetLife Investment Diversified Bond Fund had the
following open futures contracts:
[Enlarge/Download Table]
Unrealized
Expiration Appreciation /
Number of Contracts Face Value Underlying Securities Date Notional Cost Notional Value (Depreciation)
------------------- ---------- --------------------------------------- ---------- ------------- -------------- --------------
Long Position
-------------
20 5,000,000 EuroDollar Futures Dec-2006 $ 4,730,875 $ 4,733,250 $ 2,375
5 1,250,000 EuroDollar Futures Mar-2007 1,183,025 1,185,313 2,288
12 3,000,000 EuroDollar Futures Mar-2008 2,844,585 2,857,050 12,465
48 4,800,000 U.S. Treasury Notes 5 Year Futures Dec-2006 5,063,334 5,064,750 1,416
---------
$ 18,544
=========
Short Position
--------------
19 4,750,000 EuroDollar Futures Sep-2007 $ 4,512,405 $ 4,518,438 $ (6,033)
103 10,300,000 U.S. Treasury Bonds Futures Dec-2006 11,580,485 11,577,844 2,641
205 20,500,000 U.S. Treasury Notes 10 Year Futures Dec-2006 22,048,506 22,152,813 (104,306)
---------
$(107,698)
=========
WRITTEN OPTIONS:
At September 30, 2006 the MetLife Investment Diversified Bond Fund had the
following written options contracts:
[Enlarge/Download Table]
Exercise Expiration Current
Description Contracts Price Month Value
----------- ---------- -------- ---------- ---------
Call Options:
-------------
EuroDollar Futures 20 94.750 Dec-2006 $ (1,250)
EuroDollar Futures 11 95.125 Mar-2007 (1,513)
EuroDollar Midcurve 1 Year Futures 31 95.500 Dec-2006 (4,844)
Federal National Mortgage Association Futures 11,600,000 100.398 Nov-2006 (34,893)
U.S. Treasury Bonds Futures 10 112.000 Nov-2006 (12,500)
U.S. Treasury Bonds Futures 20 115.000 Feb-2007 (16,563)
U.S. Treasury Notes 10 Year Futures 22 107.000 Nov-2006 (28,874)
U.S. Treasury Notes 10 Year Futures 60 108.000 Nov-2006 (41,250)
U.S. Treasury Notes 10 Year Futures 61 109.000 Nov-2006 (18,109)
U.S. Treasury Notes 10 Year Futures 61 110.000 Feb-2007 (28,594)
U.S. Treasury Notes 10 Year Futures 45 109.000 Feb-2007 (34,453)
---------
$(222,843)
=========
Put Options:
------------
EuroDollar Futures 10 94.500 Dec-2006 $ (187)
U.S. Treasury Bonds Futures 35 109.000 Nov-2006 (4,375)
U.S. Treasury Bonds Futures 25 108.000 Nov-2006 (1,563)
U.S. Treasury Bonds Futures 20 109.000 Feb-2007 (12,813)
U.S. Treasury Notes 10 Year Futures 26 104.000 Feb-2007 (3,251)
U.S. Treasury Notes 10 Year Futures 25 106.000 Feb-2007 (9,764)
---------
(premiums received $253,428) $ (31,953)
=========
Item 2.Controls and Procedures.
(a) Within the 90-day period prior to the filing date of this report, the
registrant's chief executive and financial officer evaluated the registrant's
disclosure controls and procedures (as defined in Rule 30a-3(c) under the
Investment Company Act of 1940). Based upon that evaluation, the registrant's
chief executive and financial officers concluded that the registrant's
disclosure controls and procedures are functioning effectively to provide
reasonable assurance that the registrant can meet its obligations to disclose
in a timely manner material information required to be included in the
registrant's reports on Form N-Q.
(b) There have been no significant changes in the registrant's internal control
over financial reporting (as defined in Rule 30a-3(d) under the Investment
Company Act of 1940) that occurred during the registrant's last fiscal quarter
that have materially affected, or are reasonably likely to materially affect,
the registrant's internal control over financial reporting.
Item 3.Exhibits.
The certifications required by Rule 30a-2(a) under the Investment Company Act
of 1940 (17 CFR 270.30a-2(a)) are attached hereto.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934 and the
Investment Company Act of 1940, the registrant has duly caused this report to
be signed on its behalf by the undersigned, thereunto duly authorized.
MetLife Investment Funds, Inc.
By: /s/ Alan C. Leland Jr.
-----------------------------------
Alan C. Leland Jr.
President and Chief Executive Officer
Date: November 27, 2006
Pursuant to the requirements of the Securities Exchange Act of 1934 and the
Investment Company Act of 1940, this report has been signed below by the
following persons on behalf of the registrant and in the capacities and on the
dates indicated.
By: /s/ Alan C. Leland Jr.
-------------------------
Alan C. Leland Jr.
President
Date:November 27, 2006
By: /s/ Peter H. Duffy
-----------------------------------
Peter H. Duffy
Treasurer and Chief Financial Officer
Date: November 27, 2006
EXHIBIT LIST
------------
Certifications pursuant to Rule 30a-2(a) by the chief executive and financial
officers.
Dates Referenced Herein
| Referenced-On Page |
|---|
| This ‘N-Q’ Filing | | Date | | First | | Last | | | Other Filings |
|---|
| |  |
| Filed on / Effective on: | | 11/27/06 | | 66 | | | | | None on these Dates |
| For Period End: | | 9/30/06 | | 1 | | 64 |
| List all Filings |
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