Liquidation: MML Series Investment Fund II

Form Type: 497

Filing Date: 2025-03-24

Corporate Action: Liquidation

Type: New

Accession Number: 000110465925027189

Filing Summary: The Boards of Trustees of the MML Series Investment Fund and MML Series Investment Fund II have approved a Plan of Liquidation and Termination, under which it is expected that the MML Dynamic Bond Fund, MML Equity Rotation Fund, MML Fundamental Value Fund, MML High Yield Fund, and MML Strategic Emerging Markets Fund will be liquidated and dissolved. Shareholders will receive a liquidating distribution equal to the net asset value of their shares on the Termination Date, which is projected to be on or about April 28, 2025. Prior to the Termination Date, the funds may hold most of their assets in cash or cash equivalents, potentially hindering their ability to meet investment objectives. Effective April 25, 2025, the Funds will no longer be available for purchase by new investors.

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Form Type: 497K

Filing Date: 2025-03-24

Corporate Action: Liquidation

Type: New

Accession Number: 000110465925027194

Filing Summary: The MML Series Investment Fund II has announced a Plan of Liquidation and Termination for the MML Equity Rotation Fund. The Fund is expected to be liquidated and dissolved, with effective date on or about April 28, 2025. Prior to the Termination Date, the Fund may hold most or all of its assets in cash or cash equivalents, which may affect its ability to meet investment objectives. Furthermore, the Fund will not accept new investments effective April 25, 2025. Remaining shareholders will receive a liquidating distribution based on the net asset value of their shares as of the Termination Date. This supplement provides additional information and should be read along with the Summary Prospectus.

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Form Type: 497K

Filing Date: 2025-03-24

Corporate Action: Liquidation

Type: New

Accession Number: 000110465925027195

Filing Summary: The Board of Trustees of the MML Series Investment Fund II has approved a Plan of Liquidation and Termination for the MML High Yield Fund. This plan indicates that the Fund will be liquidated and dissolved. As part of this process, variable products invested in the Fund are announcing fund substitutions, switching shares for underlying variable insurance contract holders to designated replacement funds. Any remaining shareholders, following these substitutions, will receive a liquidating distribution equating to the net asset value of their shares on April 28, 2025, which is the expected Termination Date. Prior to this date, the Fund may primarily hold cash or cash equivalents, potentially hindering its ability to meet investment objectives. Additionally, the Fund will cease to be available for new investors starting April 25, 2025. This supplement provides further details and is meant to be read alongside the Summary Prospectus dated May 1, 2024 and prior supplements.

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Form Type: 497K

Filing Date: 2025-03-24

Corporate Action: Liquidation

Type: New

Accession Number: 000110465925027196

Filing Summary: The Board of Trustees of MML Series Investment Fund II has approved a Plan of Liquidation and Termination, leading to the liquidation and dissolution of the MML Strategic Emerging Markets Fund. As a result, variable products invested in the Fund are announcing fund substitutions, whereby shares for underlying variable insurance contract holders will be replaced with shares of certain replacement funds. On or about April 28, 2025, the Termination Date, any remaining shareholders will receive a liquidating distribution based on the net asset value of their shares. Preceding this date, the Fund may primarily hold cash assets, potentially affecting its ability to meet investment objectives. From April 25, 2025, the Fund will no longer be available for purchase by new investors.

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Form Type: 497K

Filing Date: 2025-03-24

Corporate Action: Liquidation

Type: New

Accession Number: 000110465925027198

Filing Summary: This document is a supplement dated March 24, 2025, to the Summary Prospectus dated May 1, 2024, for the MML Dynamic Bond Fund. It announces a Plan of Liquidation and Termination approved by the Board of Trustees, confirming that the MML Dynamic Bond Fund will be liquidated and dissolved. Effective on or about April 28, 2025, remaining shareholders will receive a liquidating distribution based on the net asset value of their shares on the Termination Date, following certain fund substitutions for underlying variable insurance contract holders. The Fund may hold most of its assets in cash or cash equivalents leading up to the Termination Date, potentially impacting its ability to meet investment objectives, and will not be available for new investments effective April 25, 2025.

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