|
Brighthouse Funds Trust I
| ||||||||||
|
Schedule of Investments |
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| September 30, 2021 | ||||||||||
Brighthouse Funds Trust I
| Schedule of Investments as of September 30, 2021 | ||
| BHFTI-1 | ||
| BHFTI-27 | ||
| Allspring Mid Cap Value Portfolio (formerly, Wells Capital Management Mid Cap Value Portfolio) |
BHFTI-42 | |
| BHFTI-46 | ||
| BHFTI-47 | ||
| BHFTI-48 | ||
| BHFTI-49 | ||
| BHFTI-50 | ||
| BHFTI-56 | ||
| BHFTI-61 | ||
| BHFTI-91 | ||
| BHFTI-92 | ||
| BHFTI-96 | ||
| BHFTI-103 | ||
| BHFTI-106 | ||
| BHFTI-110 | ||
| BHFTI-126 | ||
| BHFTI-145 | ||
| BHFTI-151 | ||
| BHFTI-157 | ||
| BHFTI-161 | ||
| BHFTI-165 | ||
| BHFTI-170 | ||
| BHFTI-174 | ||
| BHFTI-178 | ||
| BHFTI-184 | ||
| BHFTI-205 | ||
| BHFTI-234 | ||
| BHFTI-242 | ||
| BHFTI-255 | ||
| BHFTI-258 | ||
| BHFTI-260 | ||
| BHFTI-264 | ||
| BHFTI-269 | ||
| BHFTI-285 | ||
| BHFTI-298 | ||
| BHFTI-320 | ||
| BHFTI-341 | ||
| BHFTI-350 | ||
| BHFTI-353 | ||
| BHFTI-356 | ||
| BHFTI-360 | ||
| BHFTI-367 | ||
| BHFTI-377 | ||
| BHFTI-381 | ||
Not all Portfolios are available under every product.
Refer to your prospectus for information on the Portfolios that are available.
Brighthouse Funds Trust I
AB Global Dynamic Allocation Portfolio
Consolidated Schedule of Investments as of September 30, 2021 (Unaudited)
Common Stocks—56.8% of Net Assets
| Security Description | Shares | Value | ||||||
| Aerospace & Defense—0.7% | ||||||||
| Airbus SE (a) |
36,700 | $ | 4,818,531 | |||||
| BAE Systems plc |
200,930 | 1,518,718 | ||||||
| Boeing Co. (The) (a) |
14,735 | 3,240,816 | ||||||
| Dassault Aviation S.A. |
1,580 | 177,268 | ||||||
| Elbit Systems, Ltd. |
1,660 | 240,838 | ||||||
| General Dynamics Corp. |
6,200 | 1,215,386 | ||||||
| Howmet Aerospace, Inc. |
10,320 | 321,984 | ||||||
| Huntington Ingalls Industries, Inc. |
1,072 | 206,960 | ||||||
| L3Harris Technologies, Inc. |
5,370 | 1,182,689 | ||||||
| Lockheed Martin Corp. |
6,595 | 2,275,934 | ||||||
| MTU Aero Engines AG |
3,329 | 752,727 | ||||||
| Northrop Grumman Corp. |
4,025 | 1,449,604 | ||||||
| Raytheon Technologies Corp. (b) |
40,315 | 3,465,477 | ||||||
| Rolls-Royce Holdings plc (a) |
522,163 | 982,363 | ||||||
| Safran S.A. |
21,329 | 2,674,231 | ||||||
| Singapore Technologies Engineering, Ltd. |
97,426 | 272,204 | ||||||
| Textron, Inc. |
5,990 | 418,162 | ||||||
| Thales S.A. |
6,657 | 642,883 | ||||||
| TransDigm Group, Inc. (a) |
1,402 | 875,647 | ||||||
|
|
|
|||||||
| 26,732,422 | ||||||||
|
|
|
|||||||
| Air Freight & Logistics—0.4% | ||||||||
| C.H. Robinson Worldwide, Inc. |
3,520 | 306,240 | ||||||
| Deutsche Post AG |
61,856 | 3,898,567 | ||||||
| DSV A/S |
12,918 | 3,084,125 | ||||||
| Expeditors International of Washington, Inc. |
4,535 | 540,255 | ||||||
| FedEx Corp. |
6,580 | 1,442,928 | ||||||
| InPost S.A. (a) |
12,480 | 205,860 | ||||||
| SG Holdings Co., Ltd. |
19,981 | 568,162 | ||||||
| United Parcel Service, Inc. - Class B |
19,470 | 3,545,487 | ||||||
| Yamato Holdings Co., Ltd. |
18,186 | 461,048 | ||||||
|
|
|
|||||||
| 14,052,672 | ||||||||
|
|
|
|||||||
| Airlines—0.1% | ||||||||
| Alaska Air Group, Inc. (a) |
3,343 | 195,900 | ||||||
| American Airlines Group, Inc. (a) (b) |
17,311 | 355,222 | ||||||
| ANA Holdings, Inc. (a) (b) |
9,973 | 258,927 | ||||||
| Delta Air Lines, Inc. (a) |
17,111 | 729,100 | ||||||
| Deutsche Lufthansa AG (a) (b) |
18,267 | 125,686 | ||||||
| Japan Airlines Co., Ltd. (a) |
9,002 | 214,279 | ||||||
| Qantas Airways, Ltd. (a) |
57,670 | 235,717 | ||||||
| Singapore Airlines, Ltd. (a) |
81,018 | 296,339 | ||||||
| Southwest Airlines Co. (a) |
15,815 | 813,365 | ||||||
| United Airlines Holdings, Inc. (a) |
8,651 | 411,528 | ||||||
|
|
|
|||||||
| 3,636,063 | ||||||||
|
|
|
|||||||
| Auto Components—0.3% | ||||||||
| Aisin Corp. |
9,194 | 334,147 | ||||||
| Aptiv plc (a) |
7,231 | 1,077,202 | ||||||
| BorgWarner, Inc. (b) |
6,410 | 276,976 | ||||||
| Bridgestone Corp. |
35,629 | 1,689,751 | ||||||
| Cie Generale des Etablissements Michelin |
10,572 | 1,622,493 | ||||||
| Continental AG (a) |
6,864 | 752,508 | ||||||
| Denso Corp. |
27,043 | 1,772,820 | ||||||
| Faurecia SE |
7,286 | 339,563 | ||||||
| Auto Components—(Continued) | ||||||||
| Koito Manufacturing Co., Ltd. |
6,467 | 388,854 | ||||||
| Stanley Electric Co., Ltd. |
7,962 | 200,697 | ||||||
| Sumitomo Electric Industries, Ltd. |
47,067 | 627,879 | ||||||
| Toyota Industries Corp. |
9,150 | 751,731 | ||||||
| Valeo |
14,124 | 394,143 | ||||||
| Vitesco Technologies Group AG (a) |
1,373 | 81,099 | ||||||
|
|
|
|||||||
| 10,309,863 | ||||||||
|
|
|
|||||||
| Automobiles—1.3% | ||||||||
| Bayerische Motoren Werke AG |
20,661 | 1,983,124 | ||||||
| Daimler AG |
53,408 | 4,747,723 | ||||||
| Ferrari NV |
7,866 | 1,646,681 | ||||||
| Ford Motor Co. (a) (b) |
104,925 | 1,485,738 | ||||||
| General Motors Co. (a) |
38,813 | 2,045,833 | ||||||
| Honda Motor Co., Ltd. |
101,734 | 3,137,509 | ||||||
| Isuzu Motors, Ltd. |
34,413 | 452,117 | ||||||
| Mazda Motor Corp. (a) |
35,484 | 308,999 | ||||||
| Nissan Motor Co., Ltd. (a) |
144,862 | 726,505 | ||||||
| Renault S.A. (a) |
11,873 | 423,519 | ||||||
| Stellantis NV (Milan-Traded Shares) |
126,550 | 2,416,468 | ||||||
| Subaru Corp. |
38,399 | 713,091 | ||||||
| Suzuki Motor Corp. |
22,984 | 1,024,473 | ||||||
| Tesla, Inc. (a) |
21,704 | 16,831,018 | ||||||
| Toyota Motor Corp. (b) |
661,765 | 11,837,789 | ||||||
| Volkswagen AG (b) |
2,026 | 629,033 | ||||||
| Yamaha Motor Co., Ltd. |
17,478 | 486,671 | ||||||
|
|
|
|||||||
| 50,896,291 | ||||||||
|
|
|
|||||||
| Banks—3.4% | ||||||||
| ABN AMRO Bank NV (144A) (a) |
26,396 | 379,805 | ||||||
| Australia & New Zealand Banking Group, Ltd. |
177,570 | 3,582,471 | ||||||
| Banco Bilbao Vizcaya Argentaria S.A. |
416,096 | 2,744,782 | ||||||
| Banco Espirito Santo S.A. (a) (c) (d) |
169,954 | 0 | ||||||
| Banco Santander S.A. |
1,082,108 | 3,919,508 | ||||||
| Bank Hapoalim B.M. |
70,859 | 622,093 | ||||||
| Bank Leumi Le-Israel B.M. |
90,665 | 769,610 | ||||||
| Bank of America Corp. |
198,008 | 8,405,440 | ||||||
| Banque Cantonale Vaudoise |
1,835 | 139,551 | ||||||
| Barclays plc |
1,083,367 | 2,763,004 | ||||||
| BNP Paribas S.A. |
70,192 | 4,496,178 | ||||||
| BOC Hong Kong Holdings, Ltd. |
230,920 | 691,798 | ||||||
| CaixaBank S.A. |
277,405 | 860,196 | ||||||
| Chiba Bank, Ltd. (The) (b) |
32,399 | 208,607 | ||||||
| Citigroup, Inc. |
54,191 | 3,803,124 | ||||||
| Citizens Financial Group, Inc. |
11,384 | 534,820 | ||||||
| Comerica, Inc. |
3,575 | 287,788 | ||||||
| Commerzbank AG (a) |
62,520 | 416,434 | ||||||
| Commonwealth Bank of Australia |
110,709 | 8,249,978 | ||||||
| Concordia Financial Group, Ltd. (b) |
67,935 | 268,041 | ||||||
| Credit Agricole S.A. |
72,804 | 1,004,471 | ||||||
| Danske Bank A/S |
43,042 | 725,565 | ||||||
| DBS Group Holdings, Ltd. |
112,519 | 2,498,586 | ||||||
| DNB Bank ASA |
58,002 | 1,316,830 | ||||||
| Erste Group Bank AG |
17,433 | 761,331 | ||||||
| Fifth Third Bancorp |
18,465 | 783,655 | ||||||
| FinecoBank Banca Fineco S.p.A. (a) |
38,038 | 689,346 | ||||||
BHFTI-1
Brighthouse Funds Trust I
AB Global Dynamic Allocation Portfolio
Consolidated Schedule of Investments as of September 30, 2021 (Unaudited)
Common Stocks—(Continued)
| Security Description | Shares | Value | ||||||
| Banks—(Continued) | ||||||||
| First Republic Bank |
4,711 | $ | 908,658 | |||||
| Hang Seng Bank, Ltd. |
47,721 | 814,440 | ||||||
| HSBC Holdings plc |
1,271,074 | 6,649,657 | ||||||
| Huntington Bancshares, Inc. |
39,475 | 610,284 | ||||||
| ING Groep NV |
243,413 | 3,532,939 | ||||||
| Intesa Sanpaolo S.p.A. |
1,030,641 | 2,923,943 | ||||||
| Israel Discount Bank, Ltd. - Class A (a) |
72,638 | 383,511 | ||||||
| Japan Post Bank Co., Ltd. |
24,754 | 211,854 | ||||||
| JPMorgan Chase & Co. |
79,900 | 13,078,831 | ||||||
| KBC Group NV |
15,601 | 1,400,585 | ||||||
| KeyCorp |
25,570 | 552,823 | ||||||
| Lloyds Banking Group plc |
4,421,830 | 2,750,600 | ||||||
| M&T Bank Corp. |
3,435 | 512,983 | ||||||
| Mediobanca Banca di Credito Finanziario S.p.A. (a) |
38,756 | 468,167 | ||||||
| Mitsubishi UFJ Financial Group, Inc. |
762,802 | 4,453,575 | ||||||
| Mizrahi Tefahot Bank, Ltd. |
8,754 | 294,729 | ||||||
| Mizuho Financial Group, Inc. (b) |
150,534 | 2,119,215 | ||||||
| National Australia Bank, Ltd. |
205,751 | 4,100,680 | ||||||
| NatWest Group plc |
303,882 | 922,110 | ||||||
| Nordea Bank Abp |
202,183 | 2,594,783 | ||||||
| Oversea-Chinese Banking Corp., Ltd. |
209,491 | 1,753,734 | ||||||
| People’s United Financial, Inc. |
11,435 | 199,769 | ||||||
| PNC Financial Services Group, Inc. (The) (b) |
11,365 | 2,223,449 | ||||||
| Raiffeisen Bank International AG |
9,047 | 235,358 | ||||||
| Regions Financial Corp. |
25,515 | 543,725 | ||||||
| Resona Holdings, Inc. |
133,244 | 530,318 | ||||||
| Shizuoka Bank, Ltd. (The) (b) |
27,853 | 229,149 | ||||||
| Skandinaviska Enskilda Banken AB - Class A |
101,561 | 1,431,008 | ||||||
| Societe Generale S.A. |
50,590 | 1,588,376 | ||||||
| Standard Chartered plc |
167,412 | 981,136 | ||||||
| Sumitomo Mitsui Financial Group, Inc. |
81,457 | 2,849,804 | ||||||
| Sumitomo Mitsui Trust Holdings, Inc. |
21,077 | 721,838 | ||||||
| SVB Financial Group (a) |
1,575 | 1,018,836 | ||||||
| Svenska Handelsbanken AB - A Shares |
91,020 | 1,021,035 | ||||||
| Swedbank AB - A Shares |
56,512 | 1,143,088 | ||||||
| Truist Financial Corp. |
35,687 | 2,093,043 | ||||||
| U.S. Bancorp |
36,075 | 2,144,298 | ||||||
| UniCredit S.p.A. |
132,631 | 1,754,383 | ||||||
| United Overseas Bank, Ltd. |
73,557 | 1,391,233 | ||||||
| Wells Fargo & Co. (e) |
109,807 | 5,096,143 | ||||||
| Westpac Banking Corp. |
228,931 | 4,257,055 | ||||||
| Zions Bancorp N.A. |
4,330 | 267,984 | ||||||
|
|
|
|||||||
| 133,682,141 | ||||||||
|
|
|
|||||||
| Beverages—0.9% | ||||||||
| Anheuser-Busch InBev S.A. |
47,548 | 2,685,419 | ||||||
| Asahi Group Holdings, Ltd. |
28,474 | 1,379,336 | ||||||
| Brown-Forman Corp. - Class B |
4,877 | 326,808 | ||||||
| Budweiser Brewing Co. APAC, Ltd. (144A) |
107,435 | 270,421 | ||||||
| Carlsberg AS - Class B |
6,428 | 1,045,677 | ||||||
| Coca-Cola Co. (The) (e) |
103,880 | 5,450,584 | ||||||
| Coca-Cola Europacific Partners plc |
12,771 | 706,109 | ||||||
| Coca-Cola HBC AG |
12,504 | 401,901 | ||||||
| Constellation Brands, Inc. - Class A |
4,495 | 947,052 | ||||||
| Davide Campari-Milano NV |
32,619 | 459,179 | ||||||
| Diageo plc |
146,005 | 7,034,967 | ||||||
| Beverages—(Continued) | ||||||||
| Heineken Holding NV |
7,189 | 624,934 | ||||||
| Heineken NV |
16,175 | 1,681,435 | ||||||
| Ito En, Ltd. |
3,334 | 221,397 | ||||||
| Kirin Holdings Co., Ltd. |
51,332 | 953,441 | ||||||
| Molson Coors Beverage Co. - Class B (b) |
5,035 | 233,523 | ||||||
| Monster Beverage Corp. (a) |
10,040 | 891,853 | ||||||
| PepsiCo, Inc. |
36,955 | 5,558,401 | ||||||
| Pernod Ricard S.A. |
13,074 | 2,859,114 | ||||||
| Remy Cointreau S.A. |
1,432 | 277,549 | ||||||
| Suntory Beverage & Food, Ltd. |
8,677 | 360,464 | ||||||
| Treasury Wine Estates, Ltd. |
45,020 | 400,223 | ||||||
|
|
|
|||||||
| 34,769,787 | ||||||||
|
|
|
|||||||
| Biotechnology—0.7% | ||||||||
| AbbVie, Inc. |
47,254 | 5,097,289 | ||||||
| Amgen, Inc. |
15,179 | 3,227,814 | ||||||
| Argenx SE (a) |
2,861 | 863,440 | ||||||
| Biogen, Inc. (a) |
3,980 | 1,126,300 | ||||||
| CSL, Ltd. |
28,394 | 5,987,649 | ||||||
| Genmab A/S (a) |
4,091 | 1,787,294 | ||||||
| Gilead Sciences, Inc. |
33,523 | 2,341,582 | ||||||
| Grifols S.A. |
18,614 | 453,866 | ||||||
| Incyte Corp. (a) |
5,013 | 344,794 | ||||||
| Moderna, Inc. (a)(b) |
9,387 | 3,612,681 | ||||||
| PeptiDream, Inc. (a) |
5,977 | 194,586 | ||||||
| Regeneron Pharmaceuticals, Inc. (a) |
2,814 | 1,702,977 | ||||||
| Vertex Pharmaceuticals, Inc. (a) |
6,937 | 1,258,302 | ||||||
|
|
|
|||||||
| 27,998,574 | ||||||||
|
|
|
|||||||
| Building Products—0.5% | ||||||||
| A.O. Smith Corp. |
3,560 | 217,409 | ||||||
| AGC, Inc. |
12,064 | 617,460 | ||||||
| Allegion plc |
2,391 | 316,042 | ||||||
| Assa Abloy AB - Class B |
62,546 | 1,813,535 | ||||||
| Carrier Global Corp. |
23,202 | 1,200,936 | ||||||
| Cie de Saint-Gobain |
31,579 | 2,126,911 | ||||||
| Daikin Industries, Ltd. |
15,548 | 3,344,199 | ||||||
| Fortune Brands Home & Security, Inc. (b) |
3,677 | 328,797 | ||||||
| Geberit AG |
2,312 | 1,698,771 | ||||||
| Johnson Controls International plc |
19,044 | 1,296,516 | ||||||
| Kingspan Group plc |
9,633 | 952,865 | ||||||
| Lixil Corp. |
16,619 | 482,929 | ||||||
| Masco Corp. |
6,605 | 366,908 | ||||||
| Nibe Industrier AB - B Shares |
88,958 | 1,117,387 | ||||||
| Rockwool International A/S - B Shares |
537 | 229,611 | ||||||
| TOTO, Ltd. |
8,744 | 415,446 | ||||||
| Trane Technologies plc |
6,355 | 1,097,191 | ||||||
| Xinyi Glass Holdings, Ltd. |
113,434 | 336,954 | ||||||
|
|
|
|||||||
| 17,959,867 | ||||||||
|
|
|
|||||||
| Capital Markets—1.5% | ||||||||
| 3i Group plc |
60,728 | 1,046,035 | ||||||
| Abrdn plc |
136,183 | 467,542 | ||||||
| Ameriprise Financial, Inc. |
3,045 | 804,245 | ||||||
| Amundi S.A. (144A) |
3,769 | 317,828 | ||||||
BHFTI-2
Brighthouse Funds Trust I
AB Global Dynamic Allocation Portfolio
Consolidated Schedule of Investments as of September 30, 2021 (Unaudited)
Common Stocks—(Continued)
| Security Description | Shares | Value | ||||||
| Capital Markets—(Continued) | ||||||||
| ASX, Ltd. |
12,080 | $ | 705,672 | |||||
| Bank of New York Mellon Corp. (The) |
21,235 | 1,100,822 | ||||||
| BlackRock, Inc. |
3,830 | 3,212,068 | ||||||
| Cboe Global Markets, Inc. |
2,847 | 352,629 | ||||||
| Charles Schwab Corp. (The) |
40,136 | 2,923,506 | ||||||
| CME Group, Inc. |
9,605 | 1,857,415 | ||||||
| Credit Suisse Group AG |
152,746 | 1,514,444 | ||||||
| Daiwa Securities Group, Inc. (b) |
90,139 | 526,527 | ||||||
| Deutsche Bank AG (a) |
128,972 | 1,654,101 | ||||||
| Deutsche Boerse AG |
11,857 | 1,930,158 | ||||||
| EQT AB |
14,867 | 612,370 | ||||||
| Franklin Resources, Inc. (b) |
7,521 | 223,524 | ||||||
| Futu Holdings, Ltd. (ADR) (a) |
3,124 | 284,346 | ||||||
| Goldman Sachs Group, Inc. (The) |
9,020 | 3,409,831 | ||||||
| Hargreaves Lansdown plc |
22,199 | 426,176 | ||||||
| Hong Kong Exchanges & Clearing, Ltd. |
75,161 | 4,562,142 | ||||||
| Intercontinental Exchange, Inc. |
15,050 | 1,728,041 | ||||||
| Invesco, Ltd. |
9,130 | 220,124 | ||||||
| Japan Exchange Group, Inc. |
31,796 | 789,110 | ||||||
| Julius Baer Group, Ltd. |
13,966 | 923,731 | ||||||
| London Stock Exchange Group plc |
20,261 | 2,024,226 | ||||||
| Macquarie Group, Ltd. |
21,450 | 2,814,297 | ||||||
| Magellan Financial Group, Ltd. |
8,601 | 219,211 | ||||||
| MarketAxess Holdings, Inc. |
1,014 | 426,580 | ||||||
| Moody’s Corp. |
4,335 | 1,539,402 | ||||||
| Morgan Stanley |
39,022 | 3,797,231 | ||||||
| MSCI, Inc. |
2,210 | 1,344,431 | ||||||
| Nasdaq, Inc. |
3,130 | 604,153 | ||||||
| Nomura Holdings, Inc. |
191,288 | 940,214 | ||||||
| Northern Trust Corp. |
5,570 | 600,502 | ||||||
| Partners Group Holding AG |
1,417 | 2,205,858 | ||||||
| Raymond James Financial, Inc. |
5,174 | 477,411 | ||||||
| S&P Global, Inc. |
6,445 | 2,738,416 | ||||||
| SBI Holdings, Inc. |
15,192 | 374,821 | ||||||
| Schroders plc |
7,757 | 372,552 | ||||||
| Singapore Exchange, Ltd. |
50,155 | 367,005 | ||||||
| St. James’s Place plc |
33,584 | 680,376 | ||||||
| State Street Corp. |
9,180 | 777,730 | ||||||
| T. Rowe Price Group, Inc. |
6,070 | 1,193,969 | ||||||
| UBS Group AG |
228,775 | 3,655,819 | ||||||
|
|
|
|||||||
| 58,746,591 | ||||||||
|
|
|
|||||||
| Chemicals—1.4% | ||||||||
| Air Liquide S.A. |
29,559 | 4,729,649 | ||||||
| Air Products & Chemicals, Inc. |
5,915 | 1,514,891 | ||||||
| Akzo Nobel NV |
11,893 | 1,295,039 | ||||||
| Albemarle Corp. (b) |
3,128 | 684,938 | ||||||
| Arkema S.A. |
3,831 | 506,776 | ||||||
| Asahi Kasei Corp. |
78,287 | 835,613 | ||||||
| BASF SE |
57,315 | 4,366,988 | ||||||
| Celanese Corp. |
2,965 | 446,648 | ||||||
| CF Industries Holdings, Inc. |
5,750 | 320,965 | ||||||
| Chr Hansen Holding A/S |
6,582 | 537,508 | ||||||
| Clariant AG |
12,173 | 228,070 | ||||||
| Corteva, Inc. |
19,624 | 825,778 | ||||||
| Covestro AG (144A) |
12,056 | 828,024 | ||||||
| Chemicals—(Continued) | ||||||||
| Croda International plc |
8,706 | 994,186 | ||||||
| Dow, Inc. (b) |
19,934 | 1,147,401 | ||||||
| DuPont de Nemours, Inc. |
13,983 | 950,704 | ||||||
| Eastman Chemical Co. |
3,630 | 365,686 | ||||||
| Ecolab, Inc. |
6,655 | 1,388,366 | ||||||
| EMS-Chemie Holding AG |
438 | 412,260 | ||||||
| Evonik Industries AG |
13,085 | 414,445 | ||||||
| FMC Corp. (b) |
3,440 | 314,966 | ||||||
| Givaudan S.A. |
577 | 2,635,344 | ||||||
| ICL Group, Ltd. |
43,957 | 319,734 | ||||||
| International Flavors & Fragrances, Inc. |
6,652 | 889,506 | ||||||
| Johnson Matthey plc |
12,077 | 435,593 | ||||||
| JSR Corp. |
12,699 | 460,326 | ||||||
| Kansai Paint Co., Ltd. (b) |
11,058 | 274,955 | ||||||
| Koninklijke DSM NV |
10,755 | 2,149,697 | ||||||
| LANXESS AG |
5,150 | 350,201 | ||||||
| Linde plc |
13,807 | 4,050,698 | ||||||
| LyondellBasell Industries NV - Class A |
7,061 | 662,675 | ||||||
| Mitsubishi Chemical Holdings Corp. |
79,897 | 730,065 | ||||||
| Mitsubishi Gas Chemical Co., Inc. |
9,658 | 190,733 | ||||||
| Mitsui Chemicals, Inc. |
11,491 | 385,809 | ||||||
| Mosaic Co. (The) |
9,240 | 330,053 | ||||||
| Nippon Paint Holdings Co., Ltd. |
44,378 | 482,756 | ||||||
| Nippon Sanso Holdings Corp. |
9,264 | 233,131 | ||||||
| Nissan Chemical Corp. |
7,691 | 448,913 | ||||||
| Nitto Denko Corp. |
9,411 | 670,640 | ||||||
| Novozymes A/S - B Shares |
12,987 | 889,125 | ||||||
| Orica, Ltd. |
25,393 | 250,279 | ||||||
| PPG Industries, Inc. |
6,340 | 906,683 | ||||||
| Sherwin-Williams Co. (The) |
6,480 | 1,812,650 | ||||||
| Shin-Etsu Chemical Co., Ltd. |
22,101 | 3,727,658 | ||||||
| Sika AG |
8,848 | 2,798,578 | ||||||
| Solvay S.A. |
4,625 | 575,509 | ||||||
| Sumitomo Chemical Co., Ltd. (b) |
92,974 | 484,996 | ||||||
| Symrise AG |
8,028 | 1,059,073 | ||||||
| Toray Industries, Inc. |
86,538 | 552,677 | ||||||
| Tosoh Corp. |
16,228 | 294,476 | ||||||
| Umicore S.A. |
12,300 | 728,876 | ||||||
| Yara International ASA |
10,875 | 538,245 | ||||||
|
|
|
|||||||
| 53,428,555 | ||||||||
|
|
|
|||||||
| Commercial Services & Supplies—0.2% | ||||||||
| Brambles, Ltd. |
91,544 | 712,023 | ||||||
| Cintas Corp. |
2,340 | 890,745 | ||||||
| Copart, Inc. (a) |
5,685 | 788,623 | ||||||
| Dai Nippon Printing Co., Ltd. |
14,163 | 342,995 | ||||||
| Rentokil Initial plc |
115,716 | 906,579 | ||||||
| Republic Services, Inc. |
5,615 | 674,137 | ||||||
| Rollins, Inc. |
6,048 | 213,676 | ||||||
| Secom Co., Ltd. |
13,102 | 950,735 | ||||||
| Securitas AB - B Shares |
19,539 | 309,874 | ||||||
| Sohgo Security Services Co., Ltd. |
4,365 | 197,088 | ||||||
| TOPPAN, Inc. |
16,367 | 278,365 | ||||||
| Waste Management, Inc. |
10,355 | 1,546,623 | ||||||
|
|
|
|||||||
| 7,811,463 | ||||||||
|
|
|
|||||||
BHFTI-3
Brighthouse Funds Trust I
AB Global Dynamic Allocation Portfolio
Consolidated Schedule of Investments as of September 30, 2021 (Unaudited)
Common Stocks—(Continued)
| Security Description | Shares | Value | ||||||
| Communications Equipment—0.3% | ||||||||
| Arista Networks, Inc. (a) |
1,496 | $ | 514,085 | |||||
| Cisco Systems, Inc. |
112,690 | 6,133,717 | ||||||
| F5 Networks, Inc. (a) |
1,615 | 321,030 | ||||||
| Juniper Networks, Inc. (b) |
8,690 | 239,149 | ||||||
| Motorola Solutions, Inc. |
4,530 | 1,052,409 | ||||||
| Nokia Oyj (a) |
336,457 | 1,850,989 | ||||||
| Telefonaktiebolaget LM Ericsson - B Shares (b) |
182,140 | 2,058,612 | ||||||
|
|
|
|||||||
| 12,169,991 | ||||||||
|
|
|
|||||||
| Construction & Engineering—0.2% | ||||||||
| ACS Actividades de Construccion y Servicios S.A. |
15,303 | 410,297 | ||||||
| Bouygues S.A. |
14,256 | 588,318 | ||||||
| Eiffage S.A. |
5,179 | 522,466 | ||||||
| Ferrovial S.A. |
30,227 | 876,654 | ||||||
| Kajima Corp. (b) |
28,041 | 361,352 | ||||||
| Obayashi Corp. (b) |
40,521 | 336,457 | ||||||
| Quanta Services, Inc. |
3,715 | 422,841 | ||||||
| Shimizu Corp. (b) |
34,444 | 259,587 | ||||||
| Skanska AB - B Shares |
21,228 | 532,050 | ||||||
| Taisei Corp. (b) |
11,910 | 383,479 | ||||||
| Vinci S.A. |
33,221 | 3,441,160 | ||||||
|
|
|
|||||||
| 8,134,661 | ||||||||
|
|
|
|||||||
| Construction Materials—0.2% | ||||||||
| CRH plc |
48,990 | 2,285,187 | ||||||
| HeidelbergCement AG |
9,286 | 696,437 | ||||||
| Holcim, Ltd. |
32,670 | 1,571,771 | ||||||
| James Hardie Industries plc |
27,717 | 994,179 | ||||||
| Martin Marietta Materials, Inc. |
1,672 | 571,289 | ||||||
| Vulcan Materials Co. |
3,540 | 598,827 | ||||||
|
|
|
|||||||
| 6,717,690 | ||||||||
|
|
|
|||||||
| Consumer Finance—0.2% | ||||||||
| Acom Co., Ltd. (b) |
24,391 | 89,481 | ||||||
| American Express Co. |
17,200 | 2,881,516 | ||||||
| Capital One Financial Corp. |
11,925 | 1,931,492 | ||||||
| Discover Financial Services |
8,005 | 983,414 | ||||||
| Synchrony Financial |
15,227 | 744,296 | ||||||
|
|
|
|||||||
| 6,630,199 | ||||||||
|
|
|
|||||||
| Containers & Packaging—0.1% | ||||||||
| AMCOR plc |
41,221 | 477,751 | ||||||
| Avery Dennison Corp. |
2,210 | 457,934 | ||||||
| Ball Corp. (b) |
8,730 | 785,438 | ||||||
| International Paper Co. (b) |
10,445 | 584,085 | ||||||
| Packaging Corp. of America |
2,539 | 348,960 | ||||||
| Sealed Air Corp. |
4,005 | 219,434 | ||||||
| Smurfit Kappa Group plc |
15,293 | 801,688 | ||||||
| WestRock Co. |
7,135 | 355,537 | ||||||
|
|
|
|||||||
| 4,030,827 | ||||||||
|
|
|
|||||||
| Distributors—0.0% | ||||||||
| Genuine Parts Co. |
3,825 | 463,705 | ||||||
| LKQ Corp. (a)(b) |
7,222 | 363,411 | ||||||
| Distributors—(Continued) | ||||||||
| Pool Corp. |
1,078 | 468,294 | ||||||
|
|
|
|||||||
| 1,295,410 | ||||||||
|
|
|
|||||||
| Diversified Financial Services—0.5% | ||||||||
| Berkshire Hathaway, Inc. - Class B (a) |
49,571 | 13,529,909 | ||||||
| Eurazeo S.E. |
2,464 | 231,571 | ||||||
| EXOR NV |
6,767 | 570,233 | ||||||
| Groupe Bruxelles Lambert S.A. |
7,048 | 774,852 | ||||||
| Industrivarden AB - A Shares |
6,558 | 209,024 | ||||||
| Industrivarden AB - C Shares |
9,965 | 307,008 | ||||||
| Investor AB - B Shares |
113,694 | 2,434,385 | ||||||
| Kinnevik AB - B Shares (a) |
15,095 | 532,232 | ||||||
| L E Lundbergforetagen AB - B Shares |
4,742 | 258,962 | ||||||
| M&G plc |
162,242 | 444,026 | ||||||
| Mitsubishi HC Capital, Inc. |
41,192 | 216,467 | ||||||
| ORIX Corp. |
76,221 | 1,424,416 | ||||||
| Sofina S.A. |
972 | 385,603 | ||||||
| Tokyo Century Corp. (b) |
2,303 | 129,992 | ||||||
| Wendel S.E. |
1,683 | 233,369 | ||||||
|
|
|
|||||||
| 21,682,049 | ||||||||
|
|
|
|||||||
| Diversified Telecommunication Services—0.8% | ||||||||
| AT&T, Inc. (e) |
190,921 | 5,156,776 | ||||||
| BT Group plc (a) |
556,981 | 1,196,222 | ||||||
| Cellnex Telecom S.A. (144A) |
31,795 | 1,959,906 | ||||||
| Deutsche Telekom AG |
207,990 | 4,193,528 | ||||||
| Elisa Oyj |
8,875 | 551,022 | ||||||
| HKT Trust & HKT, Ltd. |
236,374 | 323,271 | ||||||
| Infrastrutture Wireless Italiane S.p.A. (144A) |
20,626 | 230,015 | ||||||
| Koninklijke KPN NV |
209,816 | 658,000 | ||||||
| Lumen Technologies, Inc. (b) |
26,593 | 329,487 | ||||||
| Nippon Telegraph & Telephone Corp. |
80,328 | 2,220,672 | ||||||
| Orange S.A. |
124,496 | 1,348,706 | ||||||
| Proximus SADP |
9,297 | 183,806 | ||||||
| Singapore Telecommunications, Ltd. |
515,281 | 929,715 | ||||||
| Spark New Zealand, Ltd. |
115,562 | 381,005 | ||||||
| Swisscom AG |
1,617 | 928,463 | ||||||
| Telecom Italia S.p.A. |
621,793 | 243,671 | ||||||
| Telecom Italia S.p.A. - Risparmio Shares |
368,425 | 148,953 | ||||||
| Telefonica Deutschland Holding AG |
63,632 | 181,128 | ||||||
| Telefonica S.A. |
326,219 | 1,520,497 | ||||||
| Telenor ASA (b) |
42,216 | 709,078 | ||||||
| Telia Co. AB |
165,883 | 683,973 | ||||||
| Telstra Corp., Ltd. |
259,762 | 732,143 | ||||||
| United Internet AG |
5,965 | 232,108 | ||||||
| Verizon Communications, Inc. (e) |
110,700 | 5,978,907 | ||||||
|
|
|
|||||||
| 31,021,052 | ||||||||
|
|
|
|||||||
| Electric Utilities—0.9% | ||||||||
| Alliant Energy Corp. |
6,684 | 374,170 | ||||||
| American Electric Power Co., Inc. |
13,370 | 1,085,377 | ||||||
| AusNet Services, Ltd. |
118,604 | 216,912 | ||||||
| Chubu Electric Power Co., Inc. (b) |
40,206 | 476,926 | ||||||
| CK Infrastructure Holdings, Ltd. |
41,352 | 229,750 | ||||||
| CLP Holdings, Ltd. |
102,477 | 985,658 | ||||||
BHFTI-4
Brighthouse Funds Trust I
AB Global Dynamic Allocation Portfolio
Consolidated Schedule of Investments as of September 30, 2021 (Unaudited)
Common Stocks—(Continued)
| Security Description | Shares | Value | ||||||
| Electric Utilities—(Continued) | ||||||||
| Duke Energy Corp. |
20,565 | $ | 2,006,938 | |||||
| Edison International |
10,145 | 562,743 | ||||||
| EDP - Energias de Portugal S.A. |
173,229 | 908,706 | ||||||
| Electricite de France S.A. |
29,016 | 364,379 | ||||||
| Elia Group S.A. |
1,933 | 230,877 | ||||||
| Endesa S.A. |
19,820 | 399,737 | ||||||
| Enel S.p.A. |
507,545 | 3,896,695 | ||||||
| Entergy Corp. (b) |
5,365 | 532,798 | ||||||
| Evergy, Inc. |
6,126 | 381,037 | ||||||
| Eversource Energy |
9,185 | 750,966 | ||||||
| Exelon Corp. |
26,144 | 1,263,801 | ||||||
| FirstEnergy Corp. |
14,545 | 518,093 | ||||||
| Fortum Oyj |
27,716 | 842,902 | ||||||
| HK Electric Investments & HK Electric Investments, Ltd. |
162,023 | 160,849 | ||||||
| Iberdrola S.A. |
369,472 | 3,690,124 | ||||||
| Kansai Electric Power Co., Inc. (The) |
43,934 | 426,356 | ||||||
| Mercury NZ, Ltd. |
41,632 | 186,232 | ||||||
| NextEra Energy, Inc. |
52,450 | 4,118,374 | ||||||
| NRG Energy, Inc. |
6,545 | 267,232 | ||||||
| Origin Energy, Ltd. |
109,904 | 370,396 | ||||||
| Orsted A/S (144A) |
11,805 | 1,557,558 | ||||||
| Pinnacle West Capital Corp. |
3,010 | 217,804 | ||||||
| Power Assets Holdings, Ltd. |
86,569 | 507,346 | ||||||
| PPL Corp. |
20,575 | 573,631 | ||||||
| Red Electrica Corp. S.A. |
27,012 | 539,926 | ||||||
| Southern Co. (The) |
28,305 | 1,754,061 | ||||||
| SSE plc |
65,034 | 1,365,618 | ||||||
| Terna - Rete Elettrica Nazionale |
87,800 | 622,751 | ||||||
| Tohoku Electric Power Co., Inc. (b) |
26,126 | 192,496 | ||||||
| Tokyo Electric Power Co. Holdings, Inc. (a) |
95,268 | 273,232 | ||||||
| Verbund AG |
4,236 | 427,901 | ||||||
| Xcel Energy, Inc. |
14,390 | 899,375 | ||||||
|
|
|
|||||||
| 34,179,727 | ||||||||
|
|
|
|||||||
| Electrical Equipment—0.7% | ||||||||
| ABB, Ltd. |
108,239 | 3,607,837 | ||||||
| AMETEK, Inc. |
6,177 | 766,010 | ||||||
| Eaton Corp. plc |
10,658 | 1,591,346 | ||||||
| Emerson Electric Co. |
15,985 | 1,505,787 | ||||||
| Fuji Electric Co., Ltd. |
7,919 | 360,843 | ||||||
| Generac Holdings, Inc. (a) |
1,689 | 690,244 | ||||||
| Legrand S.A. |
16,388 | 1,757,669 | ||||||
| Mitsubishi Electric Corp. |
113,893 | 1,584,071 | ||||||
| Nidec Corp. |
27,907 | 3,095,869 | ||||||
| Prysmian S.p.A. |
15,896 | 557,643 | ||||||
| Rockwell Automation, Inc. |
3,105 | 912,994 | ||||||
| Schneider Electric SE |
33,617 | 5,589,168 | ||||||
| Siemens Energy AG (a) |
24,939 | 670,169 | ||||||
| Siemens Gamesa Renewable Energy S.A. (a) |
14,876 | 376,021 | ||||||
| Vestas Wind Systems A/S |
63,018 | 2,523,024 | ||||||
|
|
|
|||||||
| 25,588,695 | ||||||||
|
|
|
|||||||
| Electronic Equipment, Instruments & Components—0.7% | ||||||||
| Amphenol Corp. - Class A |
15,990 | 1,170,948 | ||||||
| Azbil Corp. (b) |
7,701 | 331,011 | ||||||
| CDW Corp. |
3,676 | 669,106 | ||||||
| Electronic Equipment, Instruments & Components—(Continued) | ||||||||
| Corning, Inc. |
20,550 | 749,869 | ||||||
| Halma plc |
23,691 | 903,711 | ||||||
| Hamamatsu Photonics KK |
8,754 | 543,047 | ||||||
| Hexagon AB - B Shares |
122,939 | 1,894,265 | ||||||
| Hirose Electric Co., Ltd. (b) |
2,029 | 337,877 | ||||||
| Ibiden Co., Ltd. |
6,484 | 358,445 | ||||||
| IPG Photonics Corp. (a) (b) |
951 | 150,638 | ||||||
| Keyence Corp. |
12,142 | 7,275,306 | ||||||
| Keysight Technologies, Inc. (a) |
4,920 | 808,307 | ||||||
| Kyocera Corp. |
20,029 | 1,252,108 | ||||||
| Murata Manufacturing Co., Ltd. |
35,846 | 3,190,825 | ||||||
| Omron Corp. |
11,583 | 1,148,078 | ||||||
| Shimadzu Corp. |
14,780 | 649,231 | ||||||
| TDK Corp. |
24,261 | 876,482 | ||||||
| TE Connectivity, Ltd. |
8,770 | 1,203,419 | ||||||
| Teledyne Technologies, Inc. (a) |
1,252 | 537,834 | ||||||
| Trimble, Inc. (a) |
6,727 | 553,296 | ||||||
| Venture Corp., Ltd. |
17,262 | 227,485 | ||||||
| Yokogawa Electric Corp. |
13,955 | 244,006 | ||||||
| Zebra Technologies Corp. - Class A (a) |
1,433 | 738,597 | ||||||
|
|
|
|||||||
| 25,813,891 | ||||||||
|
|
|
|||||||
| Energy Equipment & Services—0.1% | ||||||||
| Baker Hughes Co. |
22,145 | 547,646 | ||||||
| Halliburton Co. |
23,810 | 514,772 | ||||||
| Schlumberger NV |
37,387 | 1,108,151 | ||||||
| Tenaris S.A. |
29,467 | 310,742 | ||||||
|
|
|
|||||||
| 2,481,311 | ||||||||
|
|
|
|||||||
| Entertainment—0.7% | ||||||||
| Activision Blizzard, Inc. |
20,794 | 1,609,248 | ||||||
| Bollore S.A. |
55,155 | 318,931 | ||||||
| Capcom Co., Ltd. |
10,987 | 305,169 | ||||||
| Electronic Arts, Inc. |
7,600 | 1,081,100 | ||||||
| Embracer Group AB (a) |
32,006 | 307,683 | ||||||
| Koei Tecmo Holdings Co., Ltd. |
3,610 | 171,715 | ||||||
| Konami Holdings Corp. (b) |
5,820 | 365,227 | ||||||
| Live Nation Entertainment, Inc. (a) |
3,522 | 320,960 | ||||||
| Netflix, Inc. (a) |
11,841 | 7,227,036 | ||||||
| Nexon Co., Ltd. |
30,449 | 491,261 | ||||||
| Nintendo Co., Ltd. |
6,984 | 3,397,429 | ||||||
| Sea, Ltd. (ADR) (a)(b) |
4,280 | 1,364,164 | ||||||
| Square Enix Holdings Co., Ltd. |
5,352 | 282,016 | ||||||
| Take-Two Interactive Software, Inc. (a) |
3,107 | 478,696 | ||||||
| Toho Co., Ltd. |
6,982 | 329,384 | ||||||
| UBISOFT Entertainment S.A. (a) |
5,779 | 346,632 | ||||||
| Universal Music Group NV (a) (b) |
44,405 | 1,188,955 | ||||||
| Walt Disney Co. (The) (a) |
48,591 | 8,220,140 | ||||||
|
|
|
|||||||
| 27,805,746 | ||||||||
|
|
|
|||||||
| Equity Real Estate Investment Trusts—5.2% | ||||||||
| APN Industria REIT |
6,567 | 16,379 | ||||||
| Abacus Property Group |
47,700 | 122,239 | ||||||
| Aberdeen Standard European Logistics Income plc (144A) |
32,200 | 48,190 | ||||||
| Acadia Realty Trust |
8,855 | 180,731 | ||||||
BHFTI-5
Brighthouse Funds Trust I
AB Global Dynamic Allocation Portfolio
Consolidated Schedule of Investments as of September 30, 2021 (Unaudited)
Common Stocks—(Continued)
| Security Description | Shares | Value | ||||||
| Equity Real Estate Investment Trusts—(Continued) | ||||||||
| Activia Properties, Inc. |
72 | $ | 295,778 | |||||
| Advance Residence Investment Corp. |
134 | 435,911 | ||||||
| Aedifica S.A. |
3,692 | 458,462 | ||||||
| AEON REIT Investment Corp. |
161 | 216,313 | ||||||
| Agree Realty Corp. |
6,950 | 460,298 | ||||||
| AIMS APAC REIT |
57,050 | 60,457 | ||||||
| Alexander & Baldwin, Inc. |
7,400 | 173,456 | ||||||
| Alexandria Real Estate Equities, Inc. |
19,611 | 3,747,074 | ||||||
| Allied Properties Real Estate Investment Trust |
12,970 | 411,853 | ||||||
| Alstria Office REIT-AG |
18,350 | 333,884 | ||||||
| American Assets Trust, Inc. |
5,100 | 190,842 | ||||||
| American Campus Communities, Inc. |
14,077 | 682,031 | ||||||
| American Finance Trust, Inc. |
12,100 | 97,284 | ||||||
| American Homes 4 Rent - Class A |
29,124 | 1,110,207 | ||||||
| American Tower Corp. |
12,175 | 3,231,367 | ||||||
| Americold Realty Trust (b) |
26,908 | 781,677 | ||||||
| Apartment Income REIT Corp. |
16,066 | 784,181 | ||||||
| Apartment Investment & Management Co. - Class A |
15,216 | 104,230 | ||||||
| APN Industria REIT |
19,700 | 48,959 | ||||||
| Apple Hospitality REIT, Inc. |
21,950 | 345,273 | ||||||
| ARA LOGOS Logistics Trust |
131,500 | 88,762 | ||||||
| Arena REIT |
33,050 | 100,334 | ||||||
| Argosy Property, Ltd. (b) |
85,900 | 95,914 | ||||||
| Armada Hoffler Properties, Inc. |
6,150 | 82,226 | ||||||
| Artis Real Estate Investment Trust |
9,650 | 86,626 | ||||||
| Ascencio |
500 | 28,332 | ||||||
| Ascendas Real Estate Investment Trust |
552,674 | 1,216,413 | ||||||
| Ascott Residence Trust |
190,700 | 129,484 | ||||||
| Assura plc |
271,495 | 261,293 | ||||||
| AvalonBay Communities, Inc. |
18,108 | 4,013,457 | ||||||
| Aventus Group |
42,900 | 99,502 | ||||||
| Befimmo S.A. |
2,200 | 88,217 | ||||||
| Big Yellow Group plc |
17,400 | 325,625 | ||||||
| BMO Commercial Property Trust, Ltd. |
53,419 | 69,295 | ||||||
| BMO Real Estate Investment, Ltd. |
24,742 | 24,127 | ||||||
| Boardwalk Real Estate Investment Trust |
3,900 | 145,611 | ||||||
| Boston Properties, Inc. (b) |
19,882 | 2,154,215 | ||||||
| Brandywine Realty Trust (b) |
17,376 | 233,186 | ||||||
| British Land Co. plc (The) |
150,443 | 993,606 | ||||||
| Brixmor Property Group, Inc. |
30,477 | 673,846 | ||||||
| Broadstone Net Lease, Inc. (b) |
15,850 | 393,238 | ||||||
| BWP Trust |
50,218 | 144,313 | ||||||
| Camden Property Trust |
10,016 | 1,477,060 | ||||||
| Canadian Apartment Properties |
17,600 | 821,361 | ||||||
| Capital & Counties Properties plc |
75,903 | 168,443 | ||||||
| CapitaLand Integrated Commercial Trust |
814,886 | 1,211,316 | ||||||
| CareTrust REIT, Inc. |
9,850 | 200,152 | ||||||
| Carmila S.A. |
4,100 | 61,272 | ||||||
| CDL Hospitality Trusts |
82,032 | 62,336 | ||||||
| Centerspace |
1,441 | 136,174 | ||||||
| Centuria Industrial REIT |
47,100 | 125,500 | ||||||
| Centuria Office REIT |
47,550 | 86,347 | ||||||
| Champion REIT |
204,656 | 107,118 | ||||||
| Charter Hall Long Wale REIT |
54,986 | 195,363 | ||||||
| Charter Hall Retail REIT |
50,023 | 144,301 | ||||||
| Charter Hall Social Infrastructure REIT |
33,900 | 87,303 | ||||||
| Equity Real Estate Investment Trusts—(Continued) | ||||||||
| Choice Properties Real Estate Investment Trust (b) |
26,368 | 296,656 | ||||||
| Civitas Social Housing plc |
64,250 | 75,519 | ||||||
| Cofinimmo S.A. |
3,095 | 467,125 | ||||||
| Columbia Property Trust, Inc. |
11,700 | 222,534 | ||||||
| Comforia Residential REIT, Inc. |
66 | 203,206 | ||||||
| Cominar Real Estate Investment Trust (b) |
17,181 | 135,511 | ||||||
| Community Healthcare Trust, Inc. (b) |
2,400 | 108,456 | ||||||
| CoreSite Realty Corp. |
4,500 | 623,430 | ||||||
| Corporate Office Properties Trust |
11,550 | 311,619 | ||||||
| Cousins Properties, Inc. |
15,259 | 569,008 | ||||||
| Covivio |
8,414 | 703,571 | ||||||
| Crombie Real Estate Investment Trust (b) |
9,850 | 135,159 | ||||||
| Cromwell European Real Estate Investment Trust |
32,750 | 98,881 | ||||||
| Cromwell Property Group |
146,407 | 84,104 | ||||||
| Crown Castle International Corp. |
11,550 | 2,001,846 | ||||||
| CubeSmart |
20,677 | 1,001,801 | ||||||
| Custodian REIT plc |
40,013 | 50,217 | ||||||
| CyrusOne, Inc. (b) |
12,750 | 986,977 | ||||||
| Daiwa House REIT Investment Corp. |
344 | 1,007,981 | ||||||
| Daiwa Office Investment Corp. |
29 | 195,432 | ||||||
| Daiwa Securities Living Investments Corp. |
201 | 201,105 | ||||||
| Derwent London plc |
10,400 | 480,210 | ||||||
| Dexus |
178,930 | 1,384,456 | ||||||
| DiamondRock Hospitality Co. (a) |
21,400 | 202,230 | ||||||
| Digital Realty Trust, Inc. |
36,489 | 5,270,836 | ||||||
| DigitalBridge Group, Inc. (a)(b) |
49,700 | 299,691 | ||||||
| Diversified Healthcare Trust |
24,300 | 82,377 | ||||||
| Douglas Emmett, Inc. (b) |
17,140 | 541,795 | ||||||
| Dream Industrial Real Estate Investment Trust (b) |
20,600 | 263,477 | ||||||
| Dream Office Real Estate Investment Trust |
3,800 | 69,004 | ||||||
| Duke Realty Corp. |
48,706 | 2,331,556 | ||||||
| Easterly Government Properties, Inc. (b) |
8,625 | 178,192 | ||||||
| EastGroup Properties, Inc. |
4,079 | 679,684 | ||||||
| Empire State Realty Trust, Inc. - Class A (b) |
14,629 | 146,729 | ||||||
| Empiric Student Property plc (a) |
60,553 | 72,224 | ||||||
| EPR Properties |
7,597 | 375,140 | ||||||
| Equinix, Inc. |
11,657 | 9,210,545 | ||||||
| Equity Commonwealth (a) |
12,000 | 311,760 | ||||||
| Equity LifeStyle Properties, Inc. (b) |
17,916 | 1,399,240 | ||||||
| Equity Residential |
47,113 | 3,812,384 | ||||||
| ESR-REIT |
275,650 | 94,309 | ||||||
| Essential Properties Realty Trust, Inc. |
11,950 | 333,644 | ||||||
| Essex Property Trust, Inc. |
8,459 | 2,704,681 | ||||||
| Eurocommercial Properties NV |
5,050 | 107,848 | ||||||
| Extra Space Storage, Inc. |
17,114 | 2,874,981 | ||||||
| Far East Hospitality Trust |
99,750 | 45,473 | ||||||
| Federal Realty Investment Trust (b) |
9,821 | 1,158,780 | ||||||
| First Capital Real Estate Investment Trust |
22,350 | 308,799 | ||||||
| First Industrial Realty Trust, Inc. |
13,250 | 690,060 | ||||||
| Fortune Real Estate Investment Trust |
140,230 | 139,227 | ||||||
| Four Corners Property Trust, Inc. |
7,750 | 208,165 | ||||||
| Frasers Centrepoint Trust |
111,200 | 184,875 | ||||||
| Frasers Logistics & Industrial Trust |
291,100 | 324,736 | ||||||
| Frontier Real Estate Investment Corp. |
50 | 219,378 | ||||||
| Fukuoka REIT Corp. |
75 | 112,792 | ||||||
| Gaming and Leisure Properties, Inc. |
22,710 | 1,051,927 | ||||||
BHFTI-6
Brighthouse Funds Trust I
AB Global Dynamic Allocation Portfolio
Consolidated Schedule of Investments as of September 30, 2021 (Unaudited)
Common Stocks—(Continued)
| Security Description | Shares | Value | ||||||
| Equity Real Estate Investment Trusts—(Continued) | ||||||||
| GCP Student Living plc |
47,004 | $ | 133,788 | |||||
| Gecina S.A. |
8,192 | 1,098,200 | ||||||
| Getty Realty Corp. |
4,065 | 119,145 | ||||||
| Global Net Lease, Inc. |
10,300 | 165,006 | ||||||
| Global One Real Estate Investment Corp. |
100 | 104,097 | ||||||
| GLP J-REIT |
696 | 1,144,061 | ||||||
| Goodman Group |
103,756 | 1,610,646 | ||||||
| Goodman Property Trust |
112,750 | 188,143 | ||||||
| GPT Group (The) |
319,536 | 1,164,074 | ||||||
| Granite Real Estate Investment Trust |
6,350 | 451,609 | ||||||
| Great Portland Estates plc |
26,130 | 262,399 | ||||||
| Growthpoint Properties Australia, Ltd. |
28,700 | 84,818 | ||||||
| H&R Real Estate Investment Trust |
28,915 | 356,815 | ||||||
| Hamborner REIT AG |
7,250 | 78,645 | ||||||
| Hammerson plc |
434,175 | 188,822 | ||||||
| Hankyu Hanshin REIT, Inc. |
69 | 101,989 | ||||||
| Healthcare Realty Trust, Inc. |
14,860 | 442,531 | ||||||
| Healthcare Trust of America, Inc. - Class A |
22,425 | 665,125 | ||||||
| Healthpeak Properties, Inc. |
69,972 | 2,342,663 | ||||||
| Heiwa Real Estate REIT, Inc. |
95 | 140,310 | ||||||
| Hibernia REIT plc |
68,366 | 92,133 | ||||||
| Highwoods Properties, Inc. (b) |
10,550 | 462,723 | ||||||
| Home Consortium, Ltd. |
14,150 | 78,269 | ||||||
| HomeCo Daily Needs REIT |
39,200 | 44,569 | ||||||
| Hoshino Resorts REIT, Inc. (b) |
23 | 152,062 | ||||||
| Host Hotels & Resorts, Inc. (a) (b) |
91,980 | 1,502,033 | ||||||
| Hotel Property Investments |
17,800 | 44,266 | ||||||
| Hudson Pacific Properties, Inc. |
15,263 | 400,959 | ||||||
| Hulic REIT, Inc. |
124 | 195,472 | ||||||
| Icade |
3,335 | 259,997 | ||||||
| Ichigo Office REIT Investment Corp. |
121 | 97,749 | ||||||
| Immobiliare Grande Distribuzione SIIQ S.p.A. (a) |
6,709 | 30,418 | ||||||
| Impact Healthcare Reit plc |
26,700 | 39,583 | ||||||
| Independence Realty Trust, Inc. |
10,750 | 218,762 | ||||||
| Industrial & Infrastructure Fund Investment Corp. |
196 | 356,019 | ||||||
| Industrial Logistics Properties Trust (b) |
6,650 | 168,976 | ||||||
| Ingenia Communities Group |
30,600 | 145,930 | ||||||
| Inmobiliaria Colonial Socimi S.A. |
34,984 | 338,884 | ||||||
| Innovative Industrial Properties, Inc. |
2,450 | 566,366 | ||||||
| InterRent Real Estate Investment Trust (b) |
13,300 | 175,674 | ||||||
| Intervest Offices & Warehouses NV |
2,400 | 65,514 | ||||||
| Invesco Office J-REIT, Inc. |
296 | 60,248 | ||||||
| Invincible Investment Corp. |
505 | 197,294 | ||||||
| Invitation Homes, Inc. |
59,428 | 2,277,875 | ||||||
| Irish Residential Properties REIT plc |
45,697 | 75,825 | ||||||
| Iron Mountain, Inc. (b) |
7,739 | 336,260 | ||||||
| Japan Excellent, Inc. |
129 | 157,945 | ||||||
| Japan Hotel REIT Investment Corp. |
462 | 277,865 | ||||||
| Japan Logistics Fund, Inc. |
89 | 264,502 | ||||||
| Japan Prime Realty Investment Corp. |
91 | 329,159 | ||||||
| Japan Real Estate Investment Corp. |
213 | 1,275,891 | ||||||
| Japan Retail Fund Investment Corp. |
1,147 | 1,102,681 | ||||||
| JBG SMITH Properties |
12,725 | 376,787 | ||||||
| Kenedix Office Investment Corp. |
40 | 275,121 | ||||||
| Kenedix Residential Next Investment Corp. |
102 | 199,170 | ||||||
| Kenedix Retail REIT Corp. |
60 | 155,475 | ||||||
| Keppel DC REIT |
125,257 | 228,359 | ||||||
| Equity Real Estate Investment Trusts—(Continued) | ||||||||
| Keppel Pacific Oak US REIT |
86,900 | 68,119 | ||||||
| Keppel REIT |
219,532 | 171,175 | ||||||
| Killam Apartment Real Estate Investment Trust (b) |
11,100 | 186,227 | ||||||
| Kilroy Realty Corp. |
11,963 | 792,070 | ||||||
| Kimco Realty Corp. |
76,266 | 1,582,519 | ||||||
| Kite Realty Group Trust |
8,512 | 173,304 | ||||||
| Kiwi Property Group, Ltd. |
162,120 | 128,810 | ||||||
| Klepierre |
31,523 | 701,864 | ||||||
| Land Securities Group plc |
117,553 | 1,094,145 | ||||||
| Lar Espana Real Estate Socimi S.A. |
6,150 | 38,201 | ||||||
| LaSalle Logiport REIT |
184 | 309,822 | ||||||
| Leasinvest Real Estate SCA |
426 | 35,034 | ||||||
| Lendlease Global Commercial REIT |
90,950 | 58,171 | ||||||
| Lexington Realty Trust (b) |
28,100 | 358,275 | ||||||
| Life Storage, Inc. |
8,024 | 920,674 | ||||||
| Link REIT |
344,755 | 2,946,343 | ||||||
| LondonMetric Property plc |
90,926 | 292,761 | ||||||
| LTC Properties, Inc. (b) |
3,950 | 125,175 | ||||||
| LXI REIT plc |
72,202 | 133,662 | ||||||
| Macerich Co. (The) (b) |
21,860 | 365,281 | ||||||
| Mack-Cali Realty Corp. (a) |
8,957 | 153,344 | ||||||
| Manulife US Real Estate Investment Trust |
148,900 | 103,993 | ||||||
| Mapletree Commercial Trust |
357,825 | 543,498 | ||||||
| Mapletree Industrial Trust |
191,262 | 391,020 | ||||||
| Mapletree Logistics Trust |
483,493 | 721,213 | ||||||
| Medical Properties Trust, Inc. |
60,916 | 1,222,584 | ||||||
| Mercialys S.A. |
6,400 | 68,169 | ||||||
| Merlin Properties Socimi S.A. |
34,238 | 351,352 | ||||||
| Mid-America Apartment Communities, Inc. |
14,993 | 2,799,943 | ||||||
| Mirvac Group |
652,288 | 1,399,373 | ||||||
| Mitsubishi Estate Logistics REIT Investment Corp. |
39 | 170,822 | ||||||
| Mitsui Fudosan Logistics Park, Inc. |
52 | 275,412 | ||||||
| Monmouth Real Estate Investment Corp. |
9,750 | 181,837 | ||||||
| Montea NV |
1,250 | 165,495 | ||||||
| Mori Hills REIT Investment Corp. |
163 | 220,890 | ||||||
| Mori Trust Sogo REIT, Inc. |
103 | 136,854 | ||||||
| National Health Investors, Inc. (b) |
4,450 | 238,075 | ||||||
| National Retail Properties, Inc. |
17,966 | 775,952 | ||||||
| National Storage Affiliates Trust |
8,300 | 438,157 | ||||||
| National Storage REIT |
117,744 | 196,102 | ||||||
| NewRiver REIT plc |
31,211 | 34,967 | ||||||
| NexPoint Residential Trust, Inc. |
2,250 | 139,230 | ||||||
| Nippon Accommodations Fund, Inc. |
48 | 269,426 | ||||||
| Nippon Building Fund, Inc. |
247 | 1,604,444 | ||||||
| Nippon Prologis REIT, Inc. |
359 | 1,200,508 | ||||||
| NIPPON REIT Investment Corp. |
45 | 174,894 | ||||||
| Nomura Real Estate Master Fund, Inc. |
731 | 1,053,393 | ||||||
| NorthWest Healthcare Properties Real Estate Investment Trust (b) |
19,050 | 194,170 | ||||||
| NSI NV |
1,921 | 71,147 | ||||||
| NTT UD REIT Investment Corp. |
131 | 180,114 | ||||||
| Office Properties Income Trust |
4,881 | 123,636 | ||||||
| Omega Healthcare Investors, Inc. |
24,570 | 736,117 | ||||||
| Orix JREIT, Inc. |
436 | 759,484 | ||||||
| OUE Commercial Real Estate Investment Trust |
220,450 | 73,952 | ||||||
| Paramount Group, Inc. (b) |
19,124 | 171,925 | ||||||
| Park Hotels & Resorts, Inc. (a) |
24,196 | 463,111 | ||||||
| Parkway Life Real Estate Investment Trust |
39,900 | 136,243 | ||||||
BHFTI-7
Brighthouse Funds Trust I
AB Global Dynamic Allocation Portfolio
Consolidated Schedule of Investments as of September 30, 2021 (Unaudited)
Common Stocks—(Continued)
| Security Description | Shares | Value | ||||||
| Equity Real Estate Investment Trusts—(Continued) | ||||||||
| Pebblebrook Hotel Trust (b) |
13,311 | $ | 298,300 | |||||
| Physicians Realty Trust |
22,069 | 388,856 | ||||||
| Picton Property Income, Ltd. (The) |
56,506 | 71,809 | ||||||
| Piedmont Office Realty Trust, Inc. - Class A |
12,700 | 221,361 | ||||||
| Precinct Properties New Zealand, Ltd. (b) |
128,000 | 147,991 | ||||||
| Primary Health Properties plc |
135,463 | 274,493 | ||||||
| Prime US REIT |
65,650 | 56,117 | ||||||
| ProLogis, Inc. |
95,887 | 12,027,106 | ||||||
| Prosperity REIT |
123,650 | 49,243 | ||||||
| PRS REIT plc (The) |
48,050 | 64,768 | ||||||
| PS Business Parks, Inc. |
2,050 | 321,317 | ||||||
| Public Storage |
19,647 | 5,837,124 | ||||||
| Realty Income Corp. (b) |
50,566 | 3,279,711 | ||||||
| Regency Centers Corp. |
21,481 | 1,446,316 | ||||||
| Regional REIT, Ltd. (144A) |
37,988 | 45,460 | ||||||
| Retail Estates NV |
1,027 | 74,954 | ||||||
| Retail Opportunity Investments Corp. |
12,135 | 211,392 | ||||||
| Retail Properties of America, Inc. - Class A |
21,950 | 282,716 | ||||||
| Rexford Industrial Realty, Inc. |
14,200 | 805,850 | ||||||
| RioCan Real Estate Investment Trust |
32,664 | 558,068 | ||||||
| RLJ Lodging Trust |
16,895 | 251,060 | ||||||
| RPT Realty |
8,228 | 104,989 | ||||||
| Ryman Hospitality Properties, Inc. (a) |
5,486 | 459,178 | ||||||
| Sabra Health Care REIT, Inc. |
22,555 | 332,010 | ||||||
| Safehold, Inc. |
1,850 | 132,996 | ||||||
| Safestore Holdings plc |
21,140 | 297,352 | ||||||
| SBA Communications Corp. |
2,932 | 969,231 | ||||||
| Scentre Group |
859,895 | 1,850,201 | ||||||
| Schroder Real Estate Investment Trust, Ltd. |
50,699 | 33,593 | ||||||
| Segro plc |
198,009 | 3,177,331 | ||||||
| Sekisui House REIT, Inc. |
415 | 344,639 | ||||||
| Service Properties Trust |
16,800 | 188,328 | ||||||
| Shaftesbury plc |
28,723 | 234,942 | ||||||
| Shopping Centres Australasia Property Group |
111,487 | 216,484 | ||||||
| Simon Property Group, Inc. |
42,437 | 5,515,537 | ||||||
| SITE Centers Corp. |
17,725 | 273,674 | ||||||
| SL Green Realty Corp. (b) |
6,888 | 487,946 | ||||||
| SmartCentres Real Estate Investment Trust (b) |
13,350 | 312,617 | ||||||
| SOSiLA Logistics REIT, Inc. |
63 | 93,226 | ||||||
| SPH REIT |
96,900 | 66,975 | ||||||
| Spirit Realty Capital, Inc. |
12,211 | 562,194 | ||||||
| STAG Industrial, Inc. (b) |
16,685 | 654,886 | ||||||
| Standard Life Investment Property Income Trust, Ltd. |
40,974 | 39,248 | ||||||
| Starhill Global REIT |
145,650 | 66,948 | ||||||
| Starts Proceed Investment Corp. |
23 | 51,156 | ||||||
| Stockland |
395,479 | 1,264,630 | ||||||
| STORE Capital Corp. (b) |
25,162 | 805,939 | ||||||
| Stride Property Group |
43,600 | 73,309 | ||||||
| Summit Hotel Properties, Inc. (a) |
10,600 | 102,078 | ||||||
| Summit Industrial Income REIT (b) |
16,000 | 263,256 | ||||||
| Sun Communities, Inc. |
11,821 | 2,188,067 | ||||||
| Sunlight Real Estate Investment Trust |
110,650 | 63,787 | ||||||
| Sunstone Hotel Investors, Inc. (a) |
22,256 | 265,737 | ||||||
| Suntec Real Estate Investment Trust |
214,828 | 223,105 | ||||||
| Tanger Factory Outlet Centers, Inc. (b) |
10,450 | 170,335 | ||||||
| Target Healthcare REIT plc |
52,811 | 81,562 | ||||||
| Equity Real Estate Investment Trusts—(Continued) | ||||||||
| Terreno Realty Corp. |
7,100 | $ | 448,933 | |||||
| Tokyu REIT, Inc. |
91 | 151,012 | ||||||
| Triple Point Social Housing REIT plc (144A) |
37,653 | 47,947 | ||||||
| Tritax Big Box REIT plc |
177,535 | 508,141 | ||||||
| Tritax EuroBox plc (144A) |
63,550 | 96,636 | ||||||
| UDR, Inc. |
37,904 | 2,008,154 | ||||||
| UK Commercial Property Trust, Ltd. |
75,972 | 75,168 | ||||||
| Unibail-Rodamco-Westfield (a) |
21,720 | 1,588,587 | ||||||
| UNITE Group plc (The) |
32,850 | 477,471 | ||||||
| United Urban Investment Corp. |
489 | 661,533 | ||||||
| Universal Health Realty Income Trust |
1,276 | 70,525 | ||||||
| Urban Edge Properties |
11,850 | 216,973 | ||||||
| Vastned Retail NV |
1,757 | 47,021 | ||||||
| Ventas, Inc. |
51,189 | 2,826,145 | ||||||
| VEREIT, Inc. |
23,593 | 1,067,111 | ||||||
| VICI Properties, Inc. (b) |
60,512 | 1,719,146 | ||||||
| Vicinity Centres |
630,858 | 751,651 | ||||||
| Vornado Realty Trust (b) |
22,315 | 937,453 | ||||||
| Warehouses De Pauw CVA |
14,519 | 586,894 | ||||||
| Washington Real Estate Investment Trust (b) |
8,644 | 213,939 | ||||||
| Waypoint REIT |
81,100 | 160,819 | ||||||
| Welltower, Inc. (b) |
54,876 | 4,521,782 | ||||||
| Wereldhave NV |
4,150 | 58,403 | ||||||
| Weyerhaeuser Co. (b) |
20,042 | 712,894 | ||||||
| Workspace Group plc |
13,750 | 151,337 | ||||||
| WP Carey, Inc. |
18,851 | 1,376,877 | ||||||
| WPT Industrial Real Estate Investment Trust |
7,093 | 153,776 | ||||||
| Xenia Hotels & Resorts, Inc. (a) (b) |
11,650 | 206,671 | ||||||
| Xior Student Housing NV |
2,039 | 115,333 | ||||||
|
|
|
|||||||
| 200,752,096 | ||||||||
|
|
|
|||||||
| Food & Staples Retailing—0.7% | ||||||||
| Aeon Co., Ltd. |
40,808 | 1,073,926 | ||||||
| Carrefour S.A. |
38,266 | 688,805 | ||||||
| Coles Group, Ltd. |
83,241 | 1,015,867 | ||||||
| Cosmos Pharmaceutical Corp. |
1,252 | 213,520 | ||||||
| Costco Wholesale Corp. |
11,825 | 5,313,564 | ||||||
| Endeavour Group, Ltd. |
78,962 | 396,507 | ||||||
| Etablissements Franz Colruyt NV |
3,384 | 172,390 | ||||||
| ICA Gruppen AB |
6,276 | 287,761 | ||||||
| J Sainsbury plc |
104,110 | 398,668 | ||||||
| Jeronimo Martins SGPS S.A. |
15,707 | 312,770 | ||||||
| Kesko Oyj - B Shares |
17,044 | 588,325 | ||||||
| Kobe Bussan Co., Ltd. |
8,536 | 278,686 | ||||||
| Koninklijke Ahold Delhaize NV |
65,254 | 2,163,386 | ||||||
| Kroger Co. (The) |
18,180 | 735,017 | ||||||
| Lawson, Inc. |
3,065 | 150,486 | ||||||
| Ocado Group plc (a) |
30,372 | 675,514 | ||||||
| Seven & i Holdings Co., Ltd. |
47,019 | 2,133,700 | ||||||
| Sysco Corp. |
13,675 | 1,073,487 | ||||||
| Tesco plc |
482,482 | 1,636,432 | ||||||
| Tsuruha Holdings, Inc. |
2,467 | 304,775 | ||||||
| Walgreens Boots Alliance, Inc. |
19,195 | 903,125 | ||||||
| Walmart, Inc. (e) |
38,214 | 5,326,267 | ||||||
| Welcia Holdings Co., Ltd. |
5,765 | 207,270 | ||||||
| WM Morrison Supermarkets plc |
150,373 | 596,029 | ||||||
BHFTI-8
Brighthouse Funds Trust I
AB Global Dynamic Allocation Portfolio
Consolidated Schedule of Investments as of September 30, 2021 (Unaudited)
Common Stocks—(Continued)
| Security Description | Shares | Value | ||||||
| Food & Staples Retailing—(Continued) | ||||||||
| Woolworths Group, Ltd. |
78,962 | $ | 2,242,121 | |||||
|
|
|
|||||||
| 28,888,398 | ||||||||
|
|
|
|||||||
| Food Products—1.1% | ||||||||
| a2 Milk Co., Ltd. (a) |
45,219 | 201,323 | ||||||
| Ajinomoto Co., Inc. |
29,129 | 861,922 | ||||||
| Archer-Daniels-Midland Co. |
14,955 | 897,450 | ||||||
| Associated British Foods plc |
22,231 | 552,372 | ||||||
| Barry Callebaut AG |
223 | 504,522 | ||||||
| Campbell Soup Co. (b) |
5,420 | 226,610 | ||||||
| Chocoladefabriken Lindt & Spruengli AG |
7 | 821,977 | ||||||
| Chocoladefabriken Lindt & Spruengli AG (Participation Certificate) |
65 | 728,159 | ||||||
| Conagra Brands, Inc. (b) |
12,840 | 434,891 | ||||||
| Danone S.A. |
40,705 | 2,778,317 | ||||||
| General Mills, Inc. |
16,210 | 969,682 | ||||||
| Hershey Co. (The) |
3,885 | 657,536 | ||||||
| Hormel Foods Corp. (b) |
7,530 | 308,730 | ||||||
| J.M. Smucker Co. (The) (b) |
2,895 | 347,487 | ||||||
| JDE Peet’s NV |
4,601 | 136,665 | ||||||
| Kellogg Co. (b) |
6,835 | 436,893 | ||||||
| Kerry Group plc - Class A |
9,924 | 1,328,663 | ||||||
| Kikkoman Corp. (b) |
9,074 | 737,402 | ||||||
| Kraft Heinz Co. (The) |
17,983 | 662,134 | ||||||
| Lamb Weston Holdings, Inc. (b) |
3,878 | 237,993 | ||||||
| McCormick & Co., Inc. |
6,660 | 539,660 | ||||||
| MEIJI Holdings Co., Ltd. |
7,622 | 492,608 | ||||||
| Mondelez International, Inc. - Class A |
37,370 | 2,174,187 | ||||||
| Mowi ASA |
27,428 | 692,220 | ||||||
| Nestle S.A. |
179,783 | 21,631,294 | ||||||
| NH Foods, Ltd. |
5,034 | 190,423 | ||||||
| Nisshin Seifun Group, Inc. |
12,091 | 201,578 | ||||||
| Nissin Foods Holdings Co., Ltd. |
3,936 | 316,382 | ||||||
| Orkla ASA |
46,869 | 429,522 | ||||||
| Toyo Suisan Kaisha, Ltd. |
5,421 | 240,769 | ||||||
| Tyson Foods, Inc. - Class A |
7,880 | 622,047 | ||||||
| WH Group, Ltd. (144A) |
598,095 | 425,479 | ||||||
| Wilmar International, Ltd. |
119,877 | 368,284 | ||||||
| Yakult Honsha Co., Ltd. |
7,943 | 402,714 | ||||||
|
|
|
|||||||
| 42,557,895 | ||||||||
|
|
|
|||||||
| Gas Utilities—0.1% | ||||||||
| APA Group |
73,628 | 462,259 | ||||||
| Atmos Energy Corp. |
3,495 | 308,259 | ||||||
| Enagas S.A. |
15,531 | 345,171 | ||||||
| Hong Kong & China Gas Co., Ltd. |
698,659 | 1,058,277 | ||||||
| Naturgy Energy Group S.A. (b) |
18,045 | 454,306 | ||||||
| Osaka Gas Co., Ltd. |
23,401 | 430,125 | ||||||
| Snam S.p.A. |
123,603 | 685,139 | ||||||
| Toho Gas Co., Ltd. (b) |
4,593 | 200,650 | ||||||
| Tokyo Gas Co., Ltd. |
23,467 | 437,026 | ||||||
|
|
|
|||||||
| 4,381,212 | ||||||||
|
|
|
|||||||
| Health Care Equipment & Supplies—1.5% | ||||||||
| Abbott Laboratories |
47,400 | 5,599,362 | ||||||
| ABIOMED, Inc. (a) |
1,212 | 394,530 | ||||||
| Health Care Equipment & Supplies—(Continued) | ||||||||
| Alcon, Inc. |
31,182 | 2,526,042 | ||||||
| Align Technology, Inc. (a) |
1,969 | 1,310,232 | ||||||
| Ambu A/S - Class B |
10,451 | 308,703 | ||||||
| Asahi Intecc Co., Ltd. |
13,015 | 357,072 | ||||||
| Baxter International, Inc. |
13,360 | 1,074,545 | ||||||
| Becton Dickinson & Co. |
7,677 | 1,887,160 | ||||||
| BioMerieux |
2,568 | 291,652 | ||||||
| Boston Scientific Corp. (a) |
38,070 | 1,651,857 | ||||||
| Carl Zeiss Meditec AG |
2,498 | 480,185 | ||||||
| Cochlear, Ltd. |
4,103 | 648,037 | ||||||
| Coloplast A/S - Class B |
7,413 | 1,161,907 | ||||||
| Cooper Cos., Inc. (The) |
1,316 | 543,916 | ||||||
| Danaher Corp. |
16,990 | 5,172,436 | ||||||
| Demant A/S (a) |
6,758 | 340,337 | ||||||
| Dentsply Sirona, Inc. |
5,837 | 338,838 | ||||||
| DexCom, Inc. (a) |
2,588 | 1,415,274 | ||||||
| DiaSorin S.p.A. |
1,563 | 328,040 | ||||||
| Edwards Lifesciences Corp. (a) |
16,660 | 1,886,079 | ||||||
| Fisher & Paykel Healthcare Corp., Ltd. |
35,966 | 790,825 | ||||||
| GN Store Nord AS |
7,990 | 544,526 | ||||||
| Hologic, Inc. (a) |
6,773 | 499,915 | ||||||
| Hoya Corp. |
23,266 | 3,638,754 | ||||||
| IDEXX Laboratories, Inc. (a) |
2,281 | 1,418,554 | ||||||
| Intuitive Surgical, Inc. (a) |
3,180 | 3,161,397 | ||||||
| Koninklijke Philips NV |
56,852 | 2,519,845 | ||||||
| Medtronic plc |
35,929 | 4,503,700 | ||||||
| Olympus Corp. |
72,716 | 1,596,935 | ||||||
| ResMed, Inc. |
3,893 | 1,026,000 | ||||||
| Siemens Healthineers AG (144A) |
16,770 | 1,091,226 | ||||||
| Smith & Nephew plc |
54,735 | 939,996 | ||||||
| Sonova Holding AG |
3,439 | 1,297,015 | ||||||
| STERIS plc |
2,666 | 544,610 | ||||||
| Straumann Holding AG |
646 | 1,156,021 | ||||||
| Stryker Corp. (b) |
8,970 | 2,365,568 | ||||||
| Sysmex Corp. |
10,454 | 1,291,395 | ||||||
| Teleflex, Inc. (b) |
1,255 | 472,570 | ||||||
| Terumo Corp. |
40,286 | 1,894,026 | ||||||
| West Pharmaceutical Services, Inc. |
1,976 | 838,891 | ||||||
| Zimmer Biomet Holdings, Inc. |
5,575 | 815,957 | ||||||
|
|
|
|||||||
| 60,123,930 | ||||||||
|
|
|
|||||||
| Health Care Providers & Services—0.8% | ||||||||
| AmerisourceBergen Corp. |
3,995 | 477,203 | ||||||
| Amplifon S.p.A. |
7,770 | 370,276 | ||||||
| Anthem, Inc. |
6,520 | 2,430,656 | ||||||
| Cardinal Health, Inc. |
7,750 | 383,315 | ||||||
| Centene Corp. (a) |
15,587 | 971,226 | ||||||
| Chartwell Retirement Residences |
22,150 | 210,903 | ||||||
| Cigna Corp. |
9,096 | 1,820,655 | ||||||
| CVS Health Corp. |
35,279 | 2,993,776 | ||||||
| DaVita, Inc. (a) |
1,790 | 208,105 | ||||||
| Fresenius Medical Care AG & Co. KGaA |
12,793 | 901,544 | ||||||
| Fresenius SE & Co. KGaA |
26,094 | 1,254,581 | ||||||
| HCA Healthcare, Inc. |
6,589 | 1,599,282 | ||||||
| Henry Schein, Inc. (a) |
3,726 | 283,772 | ||||||
| Humana, Inc. |
3,440 | 1,338,676 | ||||||
BHFTI-9
Brighthouse Funds Trust I
AB Global Dynamic Allocation Portfolio
Consolidated Schedule of Investments as of September 30, 2021 (Unaudited)
Common Stocks—(Continued)
| Security Description | Shares | Value | ||||||
| Health Care Providers & Services—(Continued) | ||||||||
| Laboratory Corp. of America Holdings (a) |
2,585 | $ | 727,523 | |||||
| McKesson Corp. |
4,135 | 824,436 | ||||||
| Medipal Holdings Corp. |
11,209 | 211,441 | ||||||
| NMC Health plc (a) (c) (d) |
8,180 | 0 | ||||||
| Onxeo S.A. |
3,239 | 375,118 | ||||||
| Quest Diagnostics, Inc. |
3,265 | 474,437 | ||||||
| Ramsay Health Care, Ltd. |
11,426 | 574,760 | ||||||
| Ryman Healthcare, Ltd. |
26,521 | 274,364 | ||||||
| Sonic Healthcare, Ltd. |
28,327 | 831,674 | ||||||
| UnitedHealth Group, Inc. |
25,220 | 9,854,463 | ||||||
| Universal Health Services, Inc. - Class B |
2,020 | 279,507 | ||||||
|
|
|
|||||||
| 29,671,693 | ||||||||
|
|
|
|||||||
| Health Care Technology—0.1% | ||||||||
| Cerner Corp. |
7,900 | 557,108 | ||||||
| M3, Inc. |
27,532 | 1,965,498 | ||||||
|
|
|
|||||||
| 2,522,606 | ||||||||
|
|
|
|||||||
| Hotels, Restaurants & Leisure—0.9% | ||||||||
| Accor S.A. (a) |
10,602 | 375,313 | ||||||
| Aristocrat Leisure, Ltd. |
35,731 | 1,196,075 | ||||||
| Booking Holdings, Inc. (a) |
1,105 | 2,623,126 | ||||||
| Caesars Entertainment, Inc. (a) |
5,705 | 640,557 | ||||||
| Carnival Corp. (a) |
21,350 | 533,964 | ||||||
| Chipotle Mexican Grill, Inc. (a) |
755 | 1,372,228 | ||||||
| Compass Group plc (a) |
111,319 | 2,277,621 | ||||||
| Crown Resorts, Ltd. (a) |
22,763 | 157,443 | ||||||
| Darden Restaurants, Inc. |
3,475 | 526,358 | ||||||
| Domino’s Pizza Enterprises, Ltd. |
3,779 | 435,696 | ||||||
| Domino’s Pizza, Inc. |
983 | 468,852 | ||||||
| Entain plc (a) |
36,520 | 1,045,420 | ||||||
| Evolution AB (144A) |
10,600 | 1,611,290 | ||||||
| Expedia Group, Inc. (a) |
3,885 | 636,752 | ||||||
| Flutter Entertainment plc (a) |
10,386 | 2,053,227 | ||||||
| Galaxy Entertainment Group, Ltd. (a) |
135,555 | 683,949 | ||||||
| Genting Singapore, Ltd. |
369,600 | 194,676 | ||||||
| Hilton Worldwide Holdings, Inc. (a) |
7,448 | 983,955 | ||||||
| InterContinental Hotels Group plc (a) |
11,398 | 730,875 | ||||||
| La Francaise des Jeux SAEM (144A) |
5,959 | 306,532 | ||||||
| Las Vegas Sands Corp. (a) |
9,192 | 336,427 | ||||||
| Marriott International, Inc. - Class A (a) |
7,307 | 1,082,094 | ||||||
| McDonald’s Corp. |
19,970 | 4,814,967 | ||||||
| McDonald’s Holdings Co. Japan, Ltd. (b) |
4,978 | 234,964 | ||||||
| Melco Resorts & Entertainment, Ltd. (ADR) (a) |
13,114 | 134,287 | ||||||
| MGM Resorts International |
10,694 | 461,446 | ||||||
| Norwegian Cruise Line Holdings, Ltd. (a) (b) |
9,887 | 264,082 | ||||||
| Oriental Land Co., Ltd. |
12,482 | 2,021,458 | ||||||
| Pandox AB (a) |
9,086 | 143,826 | ||||||
| Penn National Gaming, Inc. (a) (b) |
4,192 | 303,752 | ||||||
| Royal Caribbean Cruises, Ltd. (a) |
5,984 | 532,277 | ||||||
| Sands China, Ltd. (a) |
151,454 | 310,382 | ||||||
| SJM Holdings, Ltd. (a) |
121,238 | 82,028 | ||||||
| Sodexo S.A. (a) |
5,521 | 483,441 | ||||||
| Starbucks Corp. |
31,526 | 3,477,633 | ||||||
| Tabcorp Holdings, Ltd. |
138,356 | 489,705 | ||||||
| Whitbread plc (a) |
12,595 | 560,169 | ||||||
| Hotels, Restaurants & Leisure—(Continued) | ||||||||
| Wynn Macau, Ltd. (a) |
95,297 | 79,597 | ||||||
| Wynn Resorts, Ltd. (a) |
2,810 | 238,148 | ||||||
| Yum! Brands, Inc. |
7,900 | 966,249 | ||||||
|
|
|
|||||||
| 35,870,841 | ||||||||
|
|
|
|||||||
| Household Durables—0.5% | ||||||||
| Barratt Developments plc |
63,546 | 560,760 | ||||||
| Berkeley Group Holdings plc |
7,074 | 414,370 | ||||||
| Casio Computer Co., Ltd. (b) |
11,873 | 196,873 | ||||||
| DR Horton, Inc. |
8,710 | 731,379 | ||||||
| Electrolux AB - Series B (b) |
14,074 | 325,003 | ||||||
| Garmin, Ltd. |
4,060 | 631,168 | ||||||
| Husqvarna AB - B Shares |
26,096 | 311,324 | ||||||
| Iida Group Holdings Co., Ltd. (b) |
9,186 | 236,433 | ||||||
| Leggett & Platt, Inc. (b) |
3,560 | 159,630 | ||||||
| Lennar Corp. - Class A |
7,345 | 688,079 | ||||||
| Mohawk Industries, Inc. (a) |
1,490 | 264,326 | ||||||
| Newell Brands, Inc. (b) |
10,115 | 223,946 | ||||||
| NVR, Inc. (a) |
90 | 431,467 | ||||||
| Panasonic Corp. |
137,798 | 1,710,369 | ||||||
| Persimmon plc |
19,911 | 709,509 | ||||||
| PulteGroup, Inc. |
6,930 | 318,226 | ||||||
| Rinnai Corp. |
2,251 | 246,686 | ||||||
| SEB S.A. |
1,727 | 243,513 | ||||||
| Sekisui Chemical Co., Ltd. |
23,788 | 409,560 | ||||||
| Sekisui House, Ltd. |
38,453 | 808,054 | ||||||
| Sharp Corp. (b) |
13,365 | 169,202 | ||||||
| Sony Group Corp. |
78,694 | 8,763,476 | ||||||
| Taylor Wimpey plc |
227,495 | 469,842 | ||||||
| Whirlpool Corp. (b) |
1,670 | 340,446 | ||||||
|
|
|
|||||||
| 19,363,641 | ||||||||
|
|
|
|||||||
| Household Products—0.5% | ||||||||
| Church & Dwight Co., Inc. (b) |
6,562 | 541,824 | ||||||
| Clorox Co. (The) |
3,275 | 542,373 | ||||||
| Colgate-Palmolive Co. |
22,550 | 1,704,329 | ||||||
| Essity AB - Class B |
37,977 | 1,178,746 | ||||||
| Henkel AG & Co. KGaA |
6,484 | 559,453 | ||||||
| Kimberly-Clark Corp. (b) |
9,005 | 1,192,622 | ||||||
| Lion Corp. |
13,999 | 226,471 | ||||||
| Pigeon Corp. |
7,063 | 164,484 | ||||||
| Procter & Gamble Co. (The) (e) |
64,906 | 9,073,859 | ||||||
| Reckitt Benckiser Group plc |
44,479 | 3,481,344 | ||||||
| Unicharm Corp. |
25,182 | 1,116,870 | ||||||
|
|
|
|||||||
| 19,782,375 | ||||||||
|
|
|
|||||||
| Independent Power and Renewable Electricity Producers—0.0% | ||||||||
| AES Corp. (The) |
17,815 | 406,716 | ||||||
| EDP Renovaveis S.A. |
17,982 | 442,853 | ||||||
| Meridian Energy, Ltd. |
79,956 | 271,123 | ||||||
| Uniper SE |
5,709 | 238,299 | ||||||
|
|
|
|||||||
| 1,358,991 | ||||||||
|
|
|
|||||||
| Industrial Conglomerates—0.7% | ||||||||
| 3M Co. |
15,465 | 2,712,870 | ||||||
BHFTI-10
Brighthouse Funds Trust I
AB Global Dynamic Allocation Portfolio
Consolidated Schedule of Investments as of September 30, 2021 (Unaudited)
Common Stocks—(Continued)
| Security Description | Shares | Value | ||||||
| Industrial Conglomerates—(Continued) | ||||||||
| CK Hutchison Holdings, Ltd. |
168,448 | $ | 1,117,033 | |||||
| DCC plc |
6,150 | 509,030 | ||||||
| General Electric Co. |
29,347 | 3,023,570 | ||||||
| Hitachi, Ltd. |
60,398 | 3,581,227 | ||||||
| Honeywell International, Inc. |
18,460 | 3,918,689 | ||||||
| Investment AB Latour - B Shares |
9,238 | 285,835 | ||||||
| Jardine Matheson Holdings, Ltd. |
13,462 | 707,977 | ||||||
| Keppel Corp., Ltd. |
90,886 | 345,384 | ||||||
| Melrose Industries plc |
272,853 | 631,384 | ||||||
| Roper Technologies, Inc. |
2,820 | 1,258,086 | ||||||
| Siemens AG |
47,738 | 7,847,025 | ||||||
| Smiths Group plc |
24,734 | 474,125 | ||||||
| Toshiba Corp. (b) |
25,569 | 1,072,207 | ||||||
|
|
|
|||||||
| 27,484,442 | ||||||||
|
|
|
|||||||
| Insurance—1.8% | ||||||||
| Admiral Group plc |
12,034 | 502,223 | ||||||
| Aegon NV |
111,661 | 573,264 | ||||||
| Aflac, Inc. |
16,500 | 860,145 | ||||||
| Ageas SA |
10,926 | 540,729 | ||||||
| AIA Group, Ltd. |
754,761 | 8,690,424 | ||||||
| Allianz SE |
25,729 | 5,803,014 | ||||||
| Allstate Corp. (The) |
7,905 | 1,006,386 | ||||||
| American International Group, Inc. |
22,861 | 1,254,840 | ||||||
| Aon plc - Class A |
6,040 | 1,726,051 | ||||||
| Arthur J. Gallagher & Co. |
5,522 | 820,845 | ||||||
| Assicurazioni Generali S.p.A. |
68,845 | 1,464,667 | ||||||
| Assurant, Inc. |
1,565 | 246,879 | ||||||
| Aviva plc |
245,161 | 1,304,853 | ||||||
| AXA S.A. |
120,731 | 3,358,735 | ||||||
| Baloise Holding AG |
2,893 | 441,108 | ||||||
| Brown & Brown, Inc. |
6,247 | 346,396 | ||||||
| Chubb, Ltd. |
11,727 | 2,034,400 | ||||||
| Cincinnati Financial Corp. (b) |
4,000 | 456,880 | ||||||
| CNP Assurances |
10,491 | 166,423 | ||||||
| Dai-ichi Life Holdings, Inc. |
63,585 | 1,384,501 | ||||||
| Direct Line Insurance Group plc |
85,152 | 332,228 | ||||||
| Everest Re Group, Ltd. |
1,068 | 267,833 | ||||||
| Gjensidige Forsikring ASA |
12,480 | 276,376 | ||||||
| Globe Life, Inc. |
2,495 | 222,130 | ||||||
| Hannover Rueck SE |
3,763 | 659,067 | ||||||
| Hartford Financial Services Group, Inc. (The) |
9,280 | 651,920 | ||||||
| Insurance Australia Group, Ltd. |
153,829 | 542,103 | ||||||
| Japan Post Holdings Co., Ltd. |
98,284 | 827,214 | ||||||
| Japan Post Insurance Co., Ltd. |
14,043 | 254,154 | ||||||
| Legal & General Group plc |
372,381 | 1,406,214 | ||||||
| Lincoln National Corp. |
4,720 | 324,500 | ||||||
| Loews Corp. |
5,430 | 292,840 | ||||||
| Marsh & McLennan Cos., Inc. |
13,540 | 2,050,362 | ||||||
| Medibank Private, Ltd. |
171,858 | 444,347 | ||||||
| MetLife, Inc. (f) |
19,475 | 1,202,192 | ||||||
| MS&AD Insurance Group Holdings, Inc. |
27,775 | 926,747 | ||||||
| Muenchener Rueckversicherungs-Gesellschaft AG |
8,743 | 2,396,413 | ||||||
| NN Group NV |
17,518 | 914,222 | ||||||
| Phoenix Group Holdings plc |
37,413 | 323,522 | ||||||
| Poste Italiane S.p.A. (144A) |
32,602 | 448,698 | ||||||
| Insurance—(Continued) | ||||||||
| Principal Financial Group, Inc. |
6,665 | 429,226 | ||||||
| Progressive Corp. (The) |
15,645 | 1,414,152 | ||||||
| Prudential Financial, Inc. |
10,340 | 1,087,768 | ||||||
| Prudential plc |
162,841 | 3,161,178 | ||||||
| QBE Insurance Group, Ltd. |
92,054 | 767,963 | ||||||
| Sampo Oyj - A Shares |
31,122 | 1,544,281 | ||||||
| SCOR SE |
9,894 | 283,573 | ||||||
| Sompo Holdings, Inc. (b) |
19,802 | 857,609 | ||||||
| Suncorp Group, Ltd. |
79,913 | 717,773 | ||||||
| Swiss Life Holding AG |
1,998 | 1,013,161 | ||||||
| Swiss Re AG |
18,822 | 1,603,295 | ||||||
| T&D Holdings, Inc. |
33,575 | 458,556 | ||||||
| Tokio Marine Holdings, Inc. |
39,426 | 2,114,320 | ||||||
| Travelers Cos., Inc. (The) |
6,670 | 1,013,907 | ||||||
| Tryg A/S |
22,468 | 510,425 | ||||||
| W.R. Berkley Corp. |
3,748 | 274,279 | ||||||
| Willis Towers Watson plc |
3,447 | 801,290 | ||||||
| Zurich Insurance Group AG |
9,389 | 3,828,349 | ||||||
|
|
|
|||||||
| 69,626,950 | ||||||||
|
|
|
|||||||
| Interactive Media & Services—1.8% | ||||||||
| Adevinta ASA (a) |
17,097 | 292,552 | ||||||
| Alphabet, Inc. - Class A (a) (e) |
8,060 | 21,548,571 | ||||||
| Alphabet, Inc. - Class C (a) (e) |
7,536 | 20,085,776 | ||||||
| Auto Trader Group plc |
60,291 | 477,076 | ||||||
| Facebook, Inc. - Class A (a) |
63,746 | 21,634,755 | ||||||
| Kakaku.com, Inc. |
8,212 | 265,853 | ||||||
| Match Group, Inc. (a) |
7,397 | 1,161,255 | ||||||
| REA Group, Ltd. |
3,309 | 376,250 | ||||||
| Scout24 AG (144A) |
6,644 | 461,179 | ||||||
| Seek, Ltd. |
20,928 | 465,884 | ||||||
| Twitter, Inc. (a) |
21,336 | 1,288,481 | ||||||
| Z Holdings Corp. |
165,564 | 1,062,508 | ||||||
|
|
|
|||||||
| 69,120,140 | ||||||||
|
|
|
|||||||
| Internet & Direct Marketing Retail—1.3% | ||||||||
| Amazon.com, Inc. (a) |
11,655 | 38,287,141 | ||||||
| Delivery Hero SE (144A) (a) |
9,799 | 1,254,812 | ||||||
| eBay, Inc. |
17,375 | 1,210,516 | ||||||
| Etsy, Inc. (a)(b) |
3,382 | 703,321 | ||||||
| HelloFresh SE (a) |
10,307 | 954,225 | ||||||
| Just Eat Takeaway.com NV (144A) (a) |
11,226 | 818,043 | ||||||
| Mercari, Inc. (a) |
6,377 | 351,064 | ||||||
| Prosus NV |
58,160 | 4,580,577 | ||||||
| Rakuten Group, Inc. |
54,033 | 522,864 | ||||||
| Zalando SE (144A) (a) |
13,268 | 1,219,245 | ||||||
| ZOZO, Inc. |
7,779 | 291,280 | ||||||
|
|
|
|||||||
| 50,193,088 | ||||||||
|
|
|
|||||||
| IT Services—1.7% | ||||||||
| Accenture plc - Class A |
16,955 | 5,424,244 | ||||||
| Adyen NV (144A) (a) |
1,231 | 3,422,870 | ||||||
| Afterpay, Ltd. (a) |
13,541 | 1,171,447 | ||||||
| Akamai Technologies, Inc. (a) |
4,350 | 454,967 | ||||||
| Amadeus IT Group S.A. (a) |
28,112 | 1,846,748 | ||||||
BHFTI-11
Brighthouse Funds Trust I
AB Global Dynamic Allocation Portfolio
Consolidated Schedule of Investments as of September 30, 2021 (Unaudited)
Common Stocks—(Continued)
| Security Description | Shares | Value | ||||||
| IT Services—(Continued) | ||||||||
| Atos SE |
6,177 | $ | 328,900 | |||||
| Automatic Data Processing, Inc. |
11,315 | 2,262,095 | ||||||
| Bechtle AG |
5,112 | 350,714 | ||||||
| Broadridge Financial Solutions, Inc. |
3,098 | 516,251 | ||||||
| Capgemini SE |
10,006 | 2,080,949 | ||||||
| Cognizant Technology Solutions Corp. - Class A (b) |
14,050 | 1,042,651 | ||||||
| Computershare, Ltd. |
33,829 | 442,717 | ||||||
| DXC Technology Co. (a) |
6,728 | 226,128 | ||||||
| Edenred |
15,387 | 828,755 | ||||||
| Fidelity National Information Services, Inc. |
16,517 | 2,009,789 | ||||||
| Fiserv, Inc. (a) |
15,932 | 1,728,622 | ||||||
| FleetCor Technologies, Inc. (a) |
2,203 | 575,578 | ||||||
| Fujitsu, Ltd. |
12,272 | 2,228,725 | ||||||
| Gartner, Inc. (a) |
2,239 | 680,387 | ||||||
| Global Payments, Inc. |
7,853 | 1,237,476 | ||||||
| GMO Payment Gateway, Inc. |
2,576 | 326,367 | ||||||
| International Business Machines Corp. |
23,964 | 3,329,319 | ||||||
| Itochu Techno-Solutions Corp. |
5,867 | 191,538 | ||||||
| Jack Henry & Associates, Inc. |
1,986 | 325,823 | ||||||
| MasterCard, Inc. - Class A |
23,300 | 8,100,944 | ||||||
| NEC Corp. |
15,323 | 831,814 | ||||||
| Nexi S.p.A. (144A) (a) (b) |
27,422 | 511,605 | ||||||
| Nomura Research Institute, Ltd. |
21,992 | 810,505 | ||||||
| NTT Data Corp. |
39,384 | 763,041 | ||||||
| Obic Co., Ltd. |
4,351 | 832,552 | ||||||
| Otsuka Corp. |
7,114 | 365,732 | ||||||
| Paychex, Inc. |
8,555 | 962,010 | ||||||
| PayPal Holdings, Inc. (a) |
31,425 | 8,177,099 | ||||||
| SCSK Corp. |
9,549 | 201,928 | ||||||
| TIS, Inc. |
13,969 | 381,805 | ||||||
| VeriSign, Inc. (a) |
2,605 | 534,051 | ||||||
| Visa, Inc. - Class A |
45,130 | 10,052,707 | ||||||
| Western Union Co. (The) (b) |
10,860 | 219,589 | ||||||
| Wix.com, Ltd. (a) |
3,472 | 680,408 | ||||||
| Worldline S.A. (144A) (a) |
14,826 | 1,131,167 | ||||||
|
|
|
|||||||
| 67,590,017 | ||||||||
|
|
|
|||||||
| Leisure Products—0.1% | ||||||||
| Bandai Namco Holdings, Inc. |
12,468 | 936,284 | ||||||
| Hasbro, Inc. |
3,455 | 308,255 | ||||||
| Shimano, Inc. |
4,629 | 1,348,520 | ||||||
| Yamaha Corp. (b) |
8,285 | 520,863 | ||||||
|
|
|
|||||||
| 3,113,922 | ||||||||
|
|
|
|||||||
| Life Sciences Tools & Services—0.5% | ||||||||
| Agilent Technologies, Inc. |
8,115 | 1,278,356 | ||||||
| Bio-Rad Laboratories, Inc. - Class A (a) |
575 | 428,921 | ||||||
| Bio-Techne Corp. |
1,040 | 503,953 | ||||||
| Charles River Laboratories International, Inc. (a) |
1,349 | 556,692 | ||||||
| Eurofins Scientific SE |
8,332 | 1,068,470 | ||||||
| Illumina, Inc. (a) |
3,929 | 1,593,642 | ||||||
| IQVIA Holdings, Inc. (a) |
5,121 | 1,226,684 | ||||||
| Lonza Group AG |
4,647 | 3,481,490 | ||||||
| Mettler-Toledo International, Inc. (a) |
619 | 852,586 | ||||||
| PerkinElmer, Inc. (b) |
2,990 | 518,137 | ||||||
| QIAGEN NV (a) |
14,404 | 748,929 | ||||||
| Life Sciences Tools & Services—(Continued) | ||||||||
| Sartorius Stedim Biotech |
1,726 | 963,423 | ||||||
| Thermo Fisher Scientific, Inc. |
10,520 | 6,010,392 | ||||||
| Waters Corp. (a) |
1,640 | 585,972 | ||||||
|
|
|
|||||||
| 19,817,647 | ||||||||
|
|
|
|||||||
| Machinery—1.2% | ||||||||
| Alfa Laval AB |
19,631 | 731,494 | ||||||
| Alstom S.A. |
17,373 | 659,157 | ||||||
| Atlas Copco AB - A Shares |
41,904 | 2,541,909 | ||||||
| Atlas Copco AB - B Shares |
24,350 | 1,244,762 | ||||||
| Caterpillar, Inc. |
14,635 | 2,809,481 | ||||||
| CNH Industrial NV |
63,857 | 1,081,242 | ||||||
| Cummins, Inc. |
3,835 | 861,188 | ||||||
| Daifuku Co., Ltd. |
6,320 | 594,286 | ||||||
| Deere & Co. |
7,595 | 2,544,857 | ||||||
| Dover Corp. |
3,840 | 597,120 | ||||||
| Epiroc AB - B Shares |
24,335 | 429,967 | ||||||
| Epiroc AB - A Shares |
41,124 | 847,662 | ||||||
| FANUC Corp. |
11,971 | 2,620,614 | ||||||
| Fortive Corp. |
9,580 | 676,061 | ||||||
| GEA Group AG |
9,573 | 438,716 | ||||||
| Harmonic Drive Systems, Inc. |
2,704 | 130,407 | ||||||
| Hino Motors, Ltd. |
17,559 | 164,709 | ||||||
| Hitachi Construction Machinery Co., Ltd. (b) |
6,574 | 186,222 | ||||||
| Hoshizaki Corp. |
3,389 | 308,574 | ||||||
| IDEX Corp. (b) |
2,031 | 420,315 | ||||||
| Illinois Tool Works, Inc. |
7,660 | 1,582,786 | ||||||
| Ingersoll Rand, Inc. (a) |
10,831 | 545,991 | ||||||
| KION Group AG |
4,503 | 421,375 | ||||||
| Knorr-Bremse AG |
4,527 | 485,790 | ||||||
| Komatsu, Ltd. |
54,640 | 1,313,850 | ||||||
| Kone Oyj - Class B |
21,210 | 1,487,278 | ||||||
| Kubota Corp. |
64,106 | 1,367,586 | ||||||
| Kurita Water Industries, Ltd. |
6,163 | 297,755 | ||||||
| Makita Corp. |
13,979 | 762,856 | ||||||
| MINEBEA MITSUMI, Inc. |
22,653 | 578,428 | ||||||
| MISUMI Group, Inc. |
17,729 | 753,380 | ||||||
| Mitsubishi Heavy Industries, Ltd. |
19,999 | 539,944 | ||||||
| Miura Co., Ltd. |
5,472 | 219,541 | ||||||
| Nabtesco Corp. |
7,027 | 266,189 | ||||||
| NGK Insulators, Ltd. |
16,085 | 273,152 | ||||||
| NSK, Ltd. (b) |
24,080 | 163,426 | ||||||
| Otis Worldwide Corp. |
11,406 | 938,486 | ||||||
| PACCAR, Inc. |
9,275 | 731,983 | ||||||
| Parker-Hannifin Corp. |
3,455 | 966,087 | ||||||
| Pentair plc |
4,433 | 321,969 | ||||||
| Rational AG |
321 | 302,684 | ||||||
| Sandvik AB |
70,449 | 1,607,796 | ||||||
| Schindler Holding AG |
1,266 | 325,487 | ||||||
| Schindler Holding AG (Participation Certificate) |
2,541 | 679,943 | ||||||
| SKF AB - B Shares |
23,814 | 560,458 | ||||||
| SMC Corp. |
3,574 | 2,235,994 | ||||||
| Snap-on, Inc. |
1,440 | 300,888 | ||||||
| Spirax-Sarco Engineering plc |
4,601 | 924,657 | ||||||
| Stanley Black & Decker, Inc. |
4,350 | 762,598 | ||||||
| Techtronic Industries Co., Ltd. |
85,780 | 1,681,584 | ||||||
BHFTI-12
Brighthouse Funds Trust I
AB Global Dynamic Allocation Portfolio
Consolidated Schedule of Investments as of September 30, 2021 (Unaudited)
Common Stocks—(Continued)
| Security Description | Shares | Value | ||||||
| Machinery—(Continued) | ||||||||
| THK Co., Ltd. |
7,363 | $ | 162,337 | |||||
| Volvo AB - A Shares |
12,495 | 283,269 | ||||||
| Volvo AB - B Shares |
89,212 | 2,004,355 | ||||||
| Wartsila Oyj Abp |
29,540 | 353,742 | ||||||
| Westinghouse Air Brake Technologies Corp. |
5,047 | 435,102 | ||||||
| Xylem, Inc. |
4,810 | 594,901 | ||||||
| Yaskawa Electric Corp. |
14,978 | 720,513 | ||||||
|
|
|
|||||||
| 47,842,903 | ||||||||
|
|
|
|||||||
| Marine—0.1% | ||||||||
| AP Moller - Maersk A/S - Class A |
199 | 509,185 | ||||||
| AP Moller - Maersk A/S - Class B |
383 | 1,036,003 | ||||||
| Kuehne & Nagel International AG |
3,370 | 1,145,117 | ||||||
| Nippon Yusen KK (b) |
10,081 | 758,277 | ||||||
| SITC International Holdings Co., Ltd. |
86,000 | 306,604 | ||||||
|
|
|
|||||||
| 3,755,186 | ||||||||
|
|
|
|||||||
| Media—0.4% | ||||||||
| Charter Communications, Inc. - Class A (a) (b) |
3,397 | 2,471,521 | ||||||
| Comcast Corp. - Class A |
122,474 | 6,849,971 | ||||||
| CyberAgent, Inc. (b) |
25,036 | 484,874 | ||||||
| Dentsu Group, Inc. |
13,498 | 519,287 | ||||||
| Discovery, Inc. - Class A (a) (b) |
4,520 | 114,718 | ||||||
| Discovery, Inc. - Class C (a) |
8,115 | 196,951 | ||||||
| DISH Network Corp. - Class A (a) |
6,649 | 288,966 | ||||||
| Fox Corp. - Class A |
8,639 | 346,510 | ||||||
| Fox Corp. - Class B |
3,961 | 147,032 | ||||||
| Hakuhodo DY Holdings, Inc. |
14,579 | 251,519 | ||||||
| Informa plc (a) |
93,738 | 686,866 | ||||||
| Interpublic Group of Cos., Inc. (The) (b) |
10,525 | 385,952 | ||||||
| News Corp. - Class A |
10,461 | 246,147 | ||||||
| News Corp. - Class B |
3,256 | 75,637 | ||||||
| Omnicom Group, Inc. |
5,725 | 414,834 | ||||||
| Pearson plc |
47,032 | 449,689 | ||||||
| Publicis Groupe S.A. |
13,914 | 937,020 | ||||||
| Schibsted ASA - B Shares |
5,990 | 253,417 | ||||||
| Schibsted ASA - Class A |
4,534 | 215,468 | ||||||
| ViacomCBS, Inc. - Class B |
16,198 | 639,983 | ||||||
| Vivendi SE (b) |
44,405 | 560,096 | ||||||
| WPP plc |
76,464 | 1,027,460 | ||||||
|
|
|
|||||||
| 17,563,918 | ||||||||
|
|
|
|||||||
| Metals & Mining—0.8% | ||||||||
| Anglo American plc |
80,809 | 2,787,496 | ||||||
| Antofagasta plc |
24,608 | 442,111 | ||||||
| ArcelorMittal S.A. |
44,732 | 1,349,730 | ||||||
| BHP Group plc |
131,799 | 3,284,864 | ||||||
| BHP Group, Ltd. |
183,830 | 4,940,857 | ||||||
| BlueScope Steel, Ltd. |
31,437 | 456,074 | ||||||
| Boliden AB |
17,067 | 549,048 | ||||||
| Evolution Mining, Ltd. |
106,626 | 270,203 | ||||||
| Evraz plc |
31,819 | 253,878 | ||||||
| Fortescue Metals Group, Ltd. |
105,675 | 1,114,400 | ||||||
| Freeport-McMoRan, Inc. |
39,250 | 1,276,802 | ||||||
| Glencore plc |
623,608 | 2,945,029 | ||||||
| Metals & Mining—(Continued) | ||||||||
| Hitachi Metals, Ltd. (a) |
13,382 | 259,290 | ||||||
| JFE Holdings, Inc. (b) |
30,674 | 457,695 | ||||||
| Newcrest Mining, Ltd. |
50,955 | 835,375 | ||||||
| Newmont Corp. |
21,361 | 1,159,902 | ||||||
| Nippon Steel Corp. |
53,372 | 955,185 | ||||||
| Norsk Hydro ASA |
83,922 | 626,252 | ||||||
| Northern Star Resources, Ltd. |
68,972 | 424,849 | ||||||
| Nucor Corp. |
7,850 | 773,146 | ||||||
| Rio Tinto plc |
70,034 | 4,624,076 | ||||||
| Rio Tinto, Ltd. |
23,165 | 1,646,106 | ||||||
| South32, Ltd. |
296,209 | 751,858 | ||||||
| Sumitomo Metal Mining Co., Ltd. |
15,425 | 556,651 | ||||||
| voestalpine AG |
7,242 | 266,176 | ||||||
|
|
|
|||||||
| 33,007,053 | ||||||||
|
|
|
|||||||
| Multi-Utilities—0.4% | ||||||||
| AGL Energy, Ltd. |
38,879 | 160,911 | ||||||
| Ameren Corp. |
6,870 | 556,470 | ||||||
| CenterPoint Energy, Inc. |
15,850 | 389,910 | ||||||
| CMS Energy Corp. |
7,745 | 462,609 | ||||||
| Consolidated Edison, Inc. |
9,445 | 685,612 | ||||||
| Dominion Energy, Inc. |
21,611 | 1,578,035 | ||||||
| DTE Energy Co. |
5,180 | 578,658 | ||||||
| E.ON SE |
140,102 | 1,714,073 | ||||||
| Engie S.A. |
113,976 | 1,495,878 | ||||||
| National Grid plc |
221,479 | 2,634,559 | ||||||
| NiSource, Inc. |
10,490 | 254,173 | ||||||
| Public Service Enterprise Group, Inc. |
13,510 | 822,759 | ||||||
| RWE AG |
40,088 | 1,417,165 | ||||||
| Sempra Energy |
8,530 | 1,079,045 | ||||||
| Suez S.A. |
21,566 | 491,796 | ||||||
| Veolia Environnement S.A. (b) |
33,629 | 1,029,138 | ||||||
| WEC Energy Group, Inc. |
8,429 | 743,438 | ||||||
|
|
|
|||||||
| 16,094,229 | ||||||||
|
|
|
|||||||
| Multiline Retail—0.2% | ||||||||
| Dollar General Corp. |
6,310 | 1,338,603 | ||||||
| Dollar Tree, Inc. (a) |
6,193 | 592,794 | ||||||
| Next plc |
8,296 | 909,792 | ||||||
| Pan Pacific International Holdings Corp. |
25,720 | 533,056 | ||||||
| Ryohin Keikaku Co., Ltd. |
15,769 | 350,831 | ||||||
| Target Corp. |
13,230 | 3,026,627 | ||||||
| Wesfarmers, Ltd. |
70,755 | 2,847,352 | ||||||
|
|
|
|||||||
| 9,599,055 | ||||||||
|
|
|
|||||||
| Oil, Gas & Consumable Fuels—1.6% | ||||||||
| Ampol, Ltd. |
14,870 | 298,406 | ||||||
| APA Corp. |
10,105 | 216,550 | ||||||
| BP plc |
1,269,728 | 5,751,928 | ||||||
| Cabot Oil & Gas Corp. (b) |
10,680 | 232,397 | ||||||
| Chevron Corp. (e) |
51,705 | 5,245,442 | ||||||
| ConocoPhillips |
35,805 | 2,426,505 | ||||||
| Devon Energy Corp. |
16,830 | 597,633 | ||||||
| Diamondback Energy, Inc. |
4,550 | 430,748 | ||||||
| ENEOS Holdings, Inc. (b) |
191,500 | 781,981 | ||||||
BHFTI-13
Brighthouse Funds Trust I
AB Global Dynamic Allocation Portfolio
Consolidated Schedule of Investments as of September 30, 2021 (Unaudited)
Common Stocks—(Continued)
| Security Description | Shares | Value | ||||||
| Oil, Gas & Consumable Fuels—(Continued) | ||||||||
| Eni S.p.A. |
157,500 | $ | 2,096,995 | |||||
| EOG Resources, Inc. |
15,610 | 1,253,015 | ||||||
| Equinor ASA |
60,986 | 1,554,129 | ||||||
| Exxon Mobil Corp. (e) |
113,198 | 6,658,306 | ||||||
| Galp Energia SGPS S.A. |
31,280 | 354,244 | ||||||
| Hess Corp. |
7,360 | 574,890 | ||||||
| Idemitsu Kosan Co., Ltd. (b) |
13,011 | 343,484 | ||||||
| Inpex Corp. |
63,877 | 499,914 | ||||||
| Kinder Morgan, Inc. |
52,120 | 871,968 | ||||||
| Koninklijke Vopak NV |
4,297 | 168,922 | ||||||
| Lundin Energy AB |
12,489 | 463,612 | ||||||
| Marathon Oil Corp. |
21,080 | 288,164 | ||||||
| Marathon Petroleum Corp. |
17,057 | 1,054,293 | ||||||
| Neste Oyj |
26,400 | 1,489,987 | ||||||
| Occidental Petroleum Corp. |
23,715 | 701,490 | ||||||
| Oil Search, Ltd. |
123,180 | 389,924 | ||||||
| OMV AG |
9,190 | 552,222 | ||||||
| ONEOK, Inc. |
11,917 | 691,067 | ||||||
| Phillips 66 |
11,710 | 820,051 | ||||||
| Pioneer Natural Resources Co. (b) |
6,065 | 1,009,883 | ||||||
| Repsol S.A. |
92,935 | 1,207,084 | ||||||
| Royal Dutch Shell plc - A Shares |
255,929 | 5,653,960 | ||||||
| Royal Dutch Shell plc - B Shares |
231,277 | 5,123,785 | ||||||
| Santos, Ltd. |
116,990 | 603,174 | ||||||
| TotalEnergies SE |
154,696 | 7,412,890 | ||||||
| Valero Energy Corp. (b) |
10,925 | 770,977 | ||||||
| Washington H Soul Pattinson & Co., Ltd. |
6,584 | 185,807 | ||||||
| Williams Cos., Inc. (The) |
32,481 | 842,557 | ||||||
| Woodside Petroleum, Ltd. |
60,045 | 1,033,242 | ||||||
|
|
|
|||||||
| 60,651,626 | ||||||||
|
|
|
|||||||
| Paper & Forest Products—0.1% | ||||||||
| Mondi plc |
30,300 | 740,606 | ||||||
| Oji Holdings Corp. |
50,640 | 255,528 | ||||||
| Stora Enso Oyj - R Shares |
36,302 | 602,765 | ||||||
| Svenska Cellulosa AB SCA - Class B |
37,807 | 584,222 | ||||||
| UPM-Kymmene Oyj |
33,306 | 1,176,777 | ||||||
|
|
|
|||||||
| 3,359,898 | ||||||||
|
|
|
|||||||
| Personal Products—0.6% | ||||||||
| Beiersdorf AG |
6,290 | 680,038 | ||||||
| Estee Lauder Cos., Inc. (The) - Class A |
6,200 | 1,859,566 | ||||||
| Kao Corp. |
30,078 | 1,792,106 | ||||||
| Kobayashi Pharmaceutical Co., Ltd. |
3,328 | 263,563 | ||||||
| Kose Corp. |
2,068 | 247,873 | ||||||
| L’Oreal S.A. |
15,722 | 6,488,819 | ||||||
| Pola Orbis Holdings, Inc. |
5,602 | 129,215 | ||||||
| Shiseido Co., Ltd. |
24,961 | 1,682,287 | ||||||
| Unilever plc |
164,072 | 8,869,409 | ||||||
|
|
|
|||||||
| 22,012,876 | ||||||||
|
|
|
|||||||
| Pharmaceuticals—3.1% | ||||||||
| Astellas Pharma, Inc. |
116,181 | 1,915,668 | ||||||
| AstraZeneca plc |
96,565 | 11,624,939 | ||||||
| Bayer AG |
61,306 | 3,343,745 | ||||||
| Pharmaceuticals—(Continued) | ||||||||
| Bristol-Myers Squibb Co. |
59,415 | 3,515,586 | ||||||
| Catalent, Inc. (a) |
4,549 | 605,335 | ||||||
| Chugai Pharmaceutical Co., Ltd. |
41,911 | 1,535,301 | ||||||
| Daiichi Sankyo Co., Ltd. |
106,186 | 2,832,811 | ||||||
| Eisai Co., Ltd. |
14,805 | 1,114,896 | ||||||
| Eli Lilly and Co. |
21,230 | 4,905,192 | ||||||
| GlaxoSmithKline plc |
313,951 | 5,925,986 | ||||||
| Hikma Pharmaceuticals plc |
10,787 | 354,874 | ||||||
| Hisamitsu Pharmaceutical Co., Inc. |
3,123 | 118,463 | ||||||
| Ipsen S.A. |
2,358 | 225,111 | ||||||
| Johnson & Johnson (e) |
70,390 | 11,367,985 | ||||||
| Kyowa Kirin Co., Ltd. |
16,848 | 607,551 | ||||||
| Merck & Co., Inc. (e) |
67,685 | 5,083,820 | ||||||
| Merck KGaA |
8,065 | 1,753,806 | ||||||
| Nippon Shinyaku Co., Ltd. |
3,068 | 255,596 | ||||||
| Novartis AG |
138,556 | 11,367,163 | ||||||
| Novo Nordisk A/S - Class B |
107,454 | 10,335,471 | ||||||
| Ono Pharmaceutical Co., Ltd. |
23,079 | 526,372 | ||||||
| Organon & Co. |
6,773 | 222,087 | ||||||
| Orion Oyj - Class B |
6,537 | 258,742 | ||||||
| Otsuka Holdings Co., Ltd. |
24,367 | 1,038,734 | ||||||
| Pfizer, Inc. |
149,926 | 6,448,317 | ||||||
| Recordati Industria Chimica e Farmaceutica S.p.A. |
6,484 | 377,159 | ||||||
| Roche Holding AG |
1,997 | 819,919 | ||||||
| Roche Holding AG |
43,842 | 15,998,108 | ||||||
| Sanofi |
70,707 | 6,806,580 | ||||||
| Santen Pharmaceutical Co., Ltd. |
22,481 | 317,239 | ||||||
| Shionogi & Co., Ltd. |
16,527 | 1,132,190 | ||||||
| Sumitomo Dainippon Pharma Co., Ltd. (b) |
10,944 | 195,535 | ||||||
| Taisho Pharmaceutical Holdings Co., Ltd. |
2,081 | 121,672 | ||||||
| Takeda Pharmaceutical Co., Ltd. |
98,371 | 3,260,781 | ||||||
| Teva Pharmaceutical Industries, Ltd. (ADR) (a) |
68,425 | 666,460 | ||||||
| UCB S.A. |
7,889 | 877,770 | ||||||
| Viatris, Inc. |
32,337 | 438,166 | ||||||
| Vifor Pharma AG |
3,042 | 393,878 | ||||||
| Zoetis, Inc. |
12,670 | 2,459,754 | ||||||
|
|
|
|||||||
| 121,148,762 | ||||||||
|
|
|
|||||||
| Professional Services—0.6% | ||||||||
| Adecco Group AG |
9,670 | 484,282 | ||||||
| Bureau Veritas S.A. |
18,342 | 562,949 | ||||||
| Equifax, Inc. |
3,255 | 824,882 | ||||||
| Experian plc |
57,243 | 2,377,922 | ||||||
| IHS Markit, Ltd. |
10,650 | 1,242,003 | ||||||
| Intertek Group plc |
10,071 | 672,339 | ||||||
| Jacobs Engineering Group, Inc. |
3,480 | 461,204 | ||||||
| Leidos Holdings, Inc. |
3,777 | 363,083 | ||||||
| Nielsen Holdings plc |
9,593 | 184,090 | ||||||
| Nihon M&A Center, Inc. |
18,895 | 556,789 | ||||||
| Persol Holdings Co., Ltd. |
10,850 | 271,870 | ||||||
| Randstad NV (b) |
7,461 | 498,622 | ||||||
| Recruit Holdings Co., Ltd. |
84,666 | 5,162,535 | ||||||
| RELX plc |
120,587 | 3,475,010 | ||||||
| Robert Half International, Inc. |
2,990 | 299,987 | ||||||
| SGS S.A. |
378 | 1,099,134 | ||||||
| Teleperformance SE |
3,665 | 1,442,018 | ||||||
BHFTI-14
Brighthouse Funds Trust I
AB Global Dynamic Allocation Portfolio
Consolidated Schedule of Investments as of September 30, 2021 (Unaudited)
Common Stocks—(Continued)
| Security Description | Shares | Value | ||||||
| Professional Services—(Continued) | ||||||||
| Verisk Analytics, Inc. |
4,311 | $ | 863,364 | |||||
| Wolters Kluwer NV |
16,757 | 1,771,263 | ||||||
|
|
|
|||||||
| 22,613,346 | ||||||||
|
|
|
|||||||
| Real Estate Management & Development—1.3% | ||||||||
| ADLER Group S.A. (144A) |
9,388 | 158,865 | ||||||
| Aeon Mall Co., Ltd. |
12,231 | 188,549 | ||||||
| Allreal Holding AG |
1,482 | 292,578 | ||||||
| Amot Investments, Ltd. |
15,200 | 107,202 | ||||||
| Aroundtown S.A. |
186,246 | 1,286,699 | ||||||
| Atrium Ljungberg AB - B Shares |
4,600 | 96,188 | ||||||
| Azrieli Group, Ltd. |
6,393 | 574,847 | ||||||
| CA Immobilien Anlagen AG |
4,275 | 180,233 | ||||||
| Capitaland Investment, Ltd. (a) |
438,660 | 1,098,427 | ||||||
| Castellum AB (b) |
21,320 | 519,041 | ||||||
| Catena AB |
2,800 | 150,465 | ||||||
| CBRE Group, Inc. - Class A (a) |
8,975 | 873,806 | ||||||
| Cibus Nordic Real Estate AB |
4,050 | 95,785 | ||||||
| City Developments, Ltd. |
73,880 | 372,850 | ||||||
| Citycon Oyj (b) |
7,910 | 63,262 | ||||||
| CK Asset Holdings, Ltd. |
353,698 | 2,032,770 | ||||||
| CLS Holdings plc |
16,100 | 47,614 | ||||||
| Corem Property Group AB - B Shares |
73,908 | 195,425 | ||||||
| Daito Trust Construction Co., Ltd. (b) |
4,052 | 473,084 | ||||||
| Daiwa House Industry Co., Ltd. |
35,339 | 1,180,202 | ||||||
| Deutsche Euroshop AG |
5,250 | 107,227 | ||||||
| Deutsche Wohnen SE |
46,212 | 2,832,889 | ||||||
| Dios Fastigheter AB |
8,622 | 83,590 | ||||||
| Entra ASA (144A) |
9,168 | 195,659 | ||||||
| ESR Cayman, Ltd. (144A) (a) |
124,113 | 374,672 | ||||||
| Fabege AB |
26,600 | 402,054 | ||||||
| Fastighets AB Balder - B Shares (a) |
16,962 | 1,017,387 | ||||||
| Grainger plc |
75,193 | 307,507 | ||||||
| Grand City Properties S.A. |
10,200 | 254,438 | ||||||
| Hang Lung Properties, Ltd. |
335,509 | 762,674 | ||||||
| Helical plc |
10,404 | 61,450 | ||||||
| Henderson Land Development Co., Ltd. |
224,735 | 853,111 | ||||||
| Hiag Immobilien Holding AG |
300 | 32,142 | ||||||
| Hongkong Land Holdings, Ltd. |
192,507 | 921,321 | ||||||
| Hufvudstaden AB - A Shares |
11,050 | 164,855 | ||||||
| Hulic Co., Ltd. |
54,303 | 605,400 | ||||||
| Hysan Development Co., Ltd. |
63,139 | 205,477 | ||||||
| Intershop Holding AG |
150 | 93,398 | ||||||
| K-Fast Holding AB (a) |
6,350 | 52,619 | ||||||
| Kennedy-Wilson Holdings, Inc. |
12,277 | 256,835 | ||||||
| Kojamo Oyj |
20,105 | 415,357 | ||||||
| Kungsleden AB |
19,406 | 254,810 | ||||||
| LEG Immobilien SE |
11,931 | 1,688,020 | ||||||
| Lend Lease Corp., Ltd. |
42,954 | 333,418 | ||||||
| Lifestyle Communities, Ltd. |
9,700 | 153,151 | ||||||
| Mitsubishi Estate Co., Ltd. |
191,418 | 3,048,355 | ||||||
| Mitsui Fudosan Co., Ltd. |
152,249 | 3,626,556 | ||||||
| Mobimo Holding AG |
676 | 224,703 | ||||||
| New World Development Co., Ltd. |
241,923 | 981,656 | ||||||
| Nomura Real Estate Holdings, Inc. |
18,642 | 485,816 | ||||||
| Nyfosa AB |
18,724 | 263,660 | ||||||
| Real Estate Management & Development—(Continued) | ||||||||
| Peach Property Group AG |
900 | 59,095 | ||||||
| Phoenix Spree Deutschland, Ltd. |
8,277 | 42,637 | ||||||
| Platzer Fastigheter Holding AB - Class B |
5,550 | 82,977 | ||||||
| PSP Swiss Property AG |
4,459 | 536,426 | ||||||
| Sagax AB - Class B |
17,700 | 549,851 | ||||||
| Samhallsbyggnadsbolaget i Norden AB |
102,656 | 566,094 | ||||||
| Shurgard Self Storage S.A. |
2,550 | 140,011 | ||||||
| Sino Land Co., Ltd. |
563,980 | 758,805 | ||||||
| Sirius Real Estate, Ltd. |
99,952 | 176,086 | ||||||
| Sumitomo Realty & Development Co., Ltd. |
60,073 | 2,192,077 | ||||||
| Sun Hung Kai Properties, Ltd. |
228,135 | 2,835,116 | ||||||
| Swire Pacific, Ltd. - Class A |
30,430 | 180,364 | ||||||
| Swire Properties, Ltd. |
180,320 | 451,178 | ||||||
| Swiss Prime Site AG |
12,514 | 1,218,685 | ||||||
| TAG Immobilien AG |
13,000 | 380,983 | ||||||
| TLG Immobilien AG |
717 | 21,834 | ||||||
| Tokyo Tatemono Co., Ltd. |
20,449 | 323,904 | ||||||
| Tricon Capital Group, Inc. (b) |
20,800 | 277,530 | ||||||
| UOL Group, Ltd. |
79,209 | 398,175 | ||||||
| Vonovia SE |
92,984 | 5,589,559 | ||||||
| Wallenstam AB - B Shares |
17,200 | 253,707 | ||||||
| Wharf Real Estate Investment Co., Ltd. |
273,634 | 1,413,678 | ||||||
| Wihlborgs Fastigheter AB |
13,650 | 271,827 | ||||||
|
|
|
|||||||
| 49,768,698 | ||||||||
|
|
|
|||||||
| Road & Rail—0.4% | ||||||||
| Aurizon Holdings, Ltd. |
115,337 | 314,132 | ||||||
| Central Japan Railway Co. (b) |
8,998 | 1,438,161 | ||||||
| CSX Corp. |
60,280 | 1,792,727 | ||||||
| East Japan Railway Co. |
18,867 | 1,323,433 | ||||||
| Hankyu Hanshin Holdings, Inc. |
14,129 | 445,787 | ||||||
| J.B. Hunt Transport Services, Inc. |
2,246 | 375,576 | ||||||
| Kansas City Southern |
2,430 | 657,655 | ||||||
| Keio Corp. (b) |
6,353 | 340,118 | ||||||
| Keisei Electric Railway Co., Ltd. |
7,903 | 262,148 | ||||||
| Kintetsu Group Holdings Co., Ltd. (a) |
10,595 | 357,609 | ||||||
| MTR Corp., Ltd. |
94,120 | 505,303 | ||||||
| Nippon Express Co., Ltd. |
4,792 | 330,157 | ||||||
| Norfolk Southern Corp. |
6,600 | 1,579,050 | ||||||
| Odakyu Electric Railway Co., Ltd. |
18,396 | 426,147 | ||||||
| Old Dominion Freight Line, Inc. |
2,503 | 715,808 | ||||||
| Tobu Railway Co., Ltd. |
11,783 | 317,743 | ||||||
| Tokyu Corp. (b) |
31,195 | 464,537 | ||||||
| Union Pacific Corp. |
17,440 | 3,418,415 | ||||||
| West Japan Railway Co. |
10,148 | 505,344 | ||||||
|
|
|
|||||||
| 15,569,850 | ||||||||
|
|
|
|||||||
| Semiconductors & Semiconductor Equipment—2.3% | ||||||||
| Advanced Micro Devices, Inc. (a) |
32,428 | 3,336,841 | ||||||
| Advantest Corp. |
12,453 | 1,115,687 | ||||||
| Analog Devices, Inc. |
15,428 | 2,583,881 | ||||||
| Applied Materials, Inc. |
24,440 | 3,146,161 | ||||||
| ASM International NV |
2,952 | 1,152,578 | ||||||
| ASML Holding NV |
26,178 | 19,310,785 | ||||||
| Broadcom, Inc. |
10,969 | 5,319,197 | ||||||
| Disco Corp. |
1,799 | 503,573 | ||||||
BHFTI-15
Brighthouse Funds Trust I
AB Global Dynamic Allocation Portfolio
Consolidated Schedule of Investments as of September 30, 2021 (Unaudited)
Common Stocks—(Continued)
| Security Description | Shares | Value | ||||||
| Semiconductors & Semiconductor Equipment—(Continued) | ||||||||
| Enphase Energy, Inc. (a) |
3,590 | $ | 538,392 | |||||
| Infineon Technologies AG |
81,493 | 3,350,108 | ||||||
| Intel Corp. (e) |
108,480 | 5,779,814 | ||||||
| KLA Corp. |
4,090 | 1,368,146 | ||||||
| Lam Research Corp. |
3,817 | 2,172,446 | ||||||
| Lasertec Corp. |
4,707 | 1,069,188 | ||||||
| Microchip Technology, Inc. |
7,320 | 1,123,547 | ||||||
| Micron Technology, Inc. |
30,100 | 2,136,498 | ||||||
| Monolithic Power Systems, Inc. |
1,156 | 560,290 | ||||||
| NVIDIA Corp. |
66,640 | 13,805,142 | ||||||
| NXP Semiconductors NV |
7,085 | 1,387,739 | ||||||
| Qorvo, Inc. (a) |
2,963 | 495,384 | ||||||
| QUALCOMM, Inc. |
30,158 | 3,889,779 | ||||||
| Renesas Electronics Corp. (a) |
54,048 | 666,885 | ||||||
| Rohm Co., Ltd. |
5,463 | 514,647 | ||||||
| Skyworks Solutions, Inc. |
4,411 | 726,845 | ||||||
| STMicroelectronics NV |
42,616 | 1,857,951 | ||||||
| SUMCO Corp. |
17,262 | 346,582 | ||||||
| Teradyne, Inc. |
4,406 | 481,003 | ||||||
| Texas Instruments, Inc. |
24,680 | 4,743,743 | ||||||
| Tokyo Electron, Ltd. |
9,320 | 4,108,279 | ||||||
| Xilinx, Inc. |
6,610 | 998,044 | ||||||
|
|
|
|||||||
| 88,589,155 | ||||||||
|
|
|
|||||||
| Software—2.8% | ||||||||
| Adobe, Inc. (a) |
12,740 | 7,334,673 | ||||||
| ANSYS, Inc. (a) |
2,337 | 795,632 | ||||||
| Autodesk, Inc. (a) |
5,885 | 1,678,225 | ||||||
| AVEVA Group plc |
7,174 | 346,476 | ||||||
| Cadence Design Systems, Inc. (a) |
7,396 | 1,120,050 | ||||||
| Ceridian HCM Holding, Inc. (a) |
3,602 | 405,657 | ||||||
| Check Point Software Technologies, Ltd. (a) (b) |
6,999 | 791,167 | ||||||
| Citrix Systems, Inc. |
3,320 | 356,468 | ||||||
| CyberArk Software, Ltd. (a) |
2,412 | 380,662 | ||||||
| Dassault Systemes SE |
41,225 | 2,161,291 | ||||||
| Fortinet, Inc. (a) |
3,622 | 1,057,769 | ||||||
| Intuit, Inc. |
7,305 | 3,941,121 | ||||||
| Microsoft Corp. (e) |
200,957 | 56,653,797 | ||||||
| Nemetschek SE |
3,595 | 377,849 | ||||||
| Nice, Ltd. (a) |
3,915 | 1,107,477 | ||||||
| NortonLifeLock, Inc. (b) |
15,540 | 393,162 | ||||||
| Oracle Corp. (e) |
44,041 | 3,837,292 | ||||||
| Oracle Corp. Japan |
2,396 | 210,815 | ||||||
| Paycom Software, Inc. (a) |
1,290 | 639,517 | ||||||
| PTC, Inc. (a) |
2,820 | 337,808 | ||||||
| Sage Group plc (The) |
68,406 | 652,893 | ||||||
| Salesforce.com, Inc. (a) |
25,976 | 7,045,211 | ||||||
| SAP SE |
65,163 | 8,827,869 | ||||||
| ServiceNow, Inc. (a) |
5,304 | 3,300,520 | ||||||
| Sinch AB (144A) (a) |
28,400 | 547,279 | ||||||
| Synopsys, Inc. (a) |
4,082 | 1,222,192 | ||||||
| TeamViewer AG (144A) (a) |
10,037 | 295,957 | ||||||
| Temenos AG |
4,168 | 566,047 | ||||||
| Trend Micro, Inc. |
8,251 | 460,291 | ||||||
| Tyler Technologies, Inc. (a) |
1,095 | 502,222 | ||||||
| WiseTech Global, Ltd. |
8,904 | 343,053 | ||||||
| Software—(Continued) | ||||||||
| Xero, Ltd. (a) |
8,240 | 821,166 | ||||||
|
|
|
|||||||
| 108,511,608 | ||||||||
|
|
|
|||||||
| Specialty Retail—0.8% | ||||||||
| ABC-Mart, Inc. |
2,017 | 114,194 | ||||||
| Advance Auto Parts, Inc. |
1,750 | 365,557 | ||||||
| AutoZone, Inc. (a) |
585 | 993,324 | ||||||
| Bath & Body Works, Inc. |
7,070 | 445,622 | ||||||
| Best Buy Co., Inc. |
6,025 | 636,903 | ||||||
| CarMax, Inc. (a) |
4,350 | 556,626 | ||||||
| Chow Tai Fook Jewellery Group, Ltd. |
124,806 | 237,607 | ||||||
| Fast Retailing Co., Ltd. |
3,641 | 2,683,508 | ||||||
| Gap, Inc. (The) |
5,750 | 130,525 | ||||||
| H & M Hennes & Mauritz AB - B Shares (a) |
45,575 | 924,031 | ||||||
| Hikari Tsushin, Inc. |
1,302 | 220,165 | ||||||
| Home Depot, Inc. (The) |
28,430 | 9,332,432 | ||||||
| Industria de Diseno Textil S.A |
68,070 | 2,476,558 | ||||||
| JD Sports Fashion plc |
32,188 | 453,172 | ||||||
| Kingfisher plc |
131,716 | 595,917 | ||||||
| Lowe’s Cos., Inc. |
18,900 | 3,834,054 | ||||||
| Nitori Holdings Co., Ltd. |
4,999 | 983,464 | ||||||
| O’Reilly Automotive, Inc. (a) |
1,845 | 1,127,406 | ||||||
| Ross Stores, Inc. |
9,540 | 1,038,429 | ||||||
| TJX Cos., Inc. (The) |
32,260 | 2,128,515 | ||||||
| Tractor Supply Co. |
3,055 | 618,974 | ||||||
| Ulta Beauty, Inc. (a) |
1,469 | 530,191 | ||||||
| USS Co., Ltd. |
13,402 | 229,284 | ||||||
| Yamada Holdings Co., Ltd. |
42,221 | 177,708 | ||||||
|
|
|
|||||||
| 30,834,166 | ||||||||
|
|
|
|||||||
| Technology Hardware, Storage & Peripherals—1.7% | ||||||||
| Apple, Inc. |
419,917 | 59,418,256 | ||||||
| Brother Industries, Ltd. |
14,727 | 324,035 | ||||||
| Canon, Inc. |
62,423 | 1,535,427 | ||||||
| FUJIFILM Holdings Corp. |
22,479 | 1,938,363 | ||||||
| Hewlett Packard Enterprise Co. (b) |
34,920 | 497,610 | ||||||
| HP, Inc. |
32,120 | 878,803 | ||||||
| Logitech International S.A. |
10,802 | 956,667 | ||||||
| NetApp, Inc. |
5,990 | 537,662 | ||||||
| Ricoh Co., Ltd. (b) |
41,836 | 429,305 | ||||||
| Seagate Technology Holdings plc |
5,590 | 461,287 | ||||||
| Seiko Epson Corp. (b) |
17,456 | 352,181 | ||||||
| Western Digital Corp. (a) |
8,194 | 462,469 | ||||||
|
|
|
|||||||
| 67,792,065 | ||||||||
|
|
|
|||||||
| Textiles, Apparel & Luxury Goods—1.0% | ||||||||
| Adidas AG |
11,882 | 3,744,099 | ||||||
| Burberry Group plc |
25,260 | 615,039 | ||||||
| Cie Financiere Richemont S.A. - Class A |
32,574 | 3,358,816 | ||||||
| EssilorLuxottica S.A. |
17,457 | 3,338,067 | ||||||
| Hanesbrands, Inc. (b) |
9,332 | 160,137 | ||||||
| Hermes International |
1,977 | 2,732,365 | ||||||
| Kering S.A. |
4,681 | 3,329,249 | ||||||
| LVMH Moet Hennessy Louis Vuitton SE |
17,325 | 12,388,485 | ||||||
| Moncler S.p.A. |
12,091 | 739,495 | ||||||
BHFTI-16
Brighthouse Funds Trust I
AB Global Dynamic Allocation Portfolio
Consolidated Schedule of Investments as of September 30, 2021 (Unaudited)
Common Stocks—(Continued)
| Security Description | Shares |
Value | ||||||
| Textiles, Apparel & Luxury Goods—(Continued) | ||||||||
| NIKE, Inc. - Class B |
34,170 | $ | 4,962,509 | |||||
| Pandora A/S |
6,240 | 756,724 | ||||||
| Puma SE |
6,118 | 683,746 | ||||||
| PVH Corp. (a) |
1,908 | 196,123 | ||||||
| Ralph Lauren Corp. |
1,295 | 143,797 | ||||||
| Swatch Group AG (The) |
3,215 | 165,570 | ||||||
| Swatch Group AG (The) - Bearer Shares |
1,806 | 473,419 | ||||||
| Tapestry, Inc. |
7,450 | 275,799 | ||||||
| Under Armour, Inc. - Class A (a) |
5,042 | 101,748 | ||||||
| Under Armour, Inc. - Class C (a) |
5,566 | 97,516 | ||||||
| VF Corp. |
8,710 | 583,483 | ||||||
|
|
|
|||||||
| 38,846,186 | ||||||||
|
|
|
|||||||
| Tobacco—0.4% | ||||||||
| Altria Group, Inc. |
49,305 | 2,244,364 | ||||||
| British American Tobacco plc |
136,009 | 4,745,272 | ||||||
| Imperial Brands plc |
59,058 | 1,232,502 | ||||||
| Japan Tobacco, Inc. |
74,883 | 1,470,284 | ||||||
| Philip Morris International, Inc. (e) |
41,675 | 3,950,373 | ||||||
| Swedish Match AB |
101,217 | 887,684 | ||||||
|
|
|
|||||||
| 14,530,479 | ||||||||
|
|
|
|||||||
| Trading Companies & Distributors—0.4% | ||||||||
| Ashtead Group plc |
28,038 | 2,126,869 | ||||||
| Brenntag SE |
9,641 | 899,336 | ||||||
| Bunzl plc |
21,030 | 694,717 | ||||||
| Fastenal Co. |
15,360 | 792,730 | ||||||
| Ferguson plc |
14,044 | 1,946,819 | ||||||
| ITOCHU Corp. (b) |
74,176 | 2,172,727 | ||||||
| Marubeni Corp. (b) |
97,607 | 800,852 | ||||||
| Mitsubishi Corp. |
78,806 | 2,465,263 | ||||||
| Mitsui & Co., Ltd. (b) |
96,437 | 2,092,030 | ||||||
| MonotaRO Co., Ltd. |
15,498 | 349,717 | ||||||
| Reece, Ltd. |
18,140 | 247,276 | ||||||
| Sumitomo Corp. |
70,273 | 982,507 | ||||||
| Toyota Tsusho Corp. |
13,256 | 555,537 | ||||||
| United Rentals, Inc. (a) (b) |
1,940 | 680,804 | ||||||
| WW Grainger, Inc. |
1,170 | 459,880 | ||||||
|
|
|
|||||||
| 17,267,064 | ||||||||
|
|
|
|||||||
| Transportation Infrastructure—0.1% | ||||||||
| Aena SME S.A. (144A) (a) |
4,680 | 807,258 | ||||||
| Aeroports de Paris (a) |
1,853 | 235,203 | ||||||
| Atlantia S.p.A. (a) |
30,918 | 584,499 | ||||||
| Auckland International Airport, Ltd. (a) |
78,113 | 419,939 | ||||||
| Getlink SE |
27,457 | 429,878 | ||||||
| Sydney Airport (a) |
82,519 | 490,183 | ||||||
| Transurban Group |
18,985 | 192,489 | ||||||
| Transurban Group |
170,859 | 1,732,341 | ||||||
|
|
|
|||||||
| 4,891,790 | ||||||||
|
|
|
|||||||
| Water Utilities—0.0% | ||||||||
| American Water Works Co., Inc. |
4,846 | 819,168 | ||||||
| Water Utilities—(Continued) | ||||||||
| Severn Trent plc |
14,906 | 521,243 | ||||||
| United Utilities Group plc |
42,551 | 553,271 | ||||||
|
|
|
|||||||
| 1,893,682 | ||||||||
|
|
|
|||||||
| Wireless Telecommunication Services—0.4% | ||||||||
| KDDI Corp. (b) |
100,651 | 3,326,265 | ||||||
| SoftBank Corp. |
179,239 | 2,433,575 | ||||||
| SoftBank Group Corp. |
78,246 | 4,521,630 | ||||||
| T-Mobile U.S., Inc. (a) |
15,680 | 2,003,277 | ||||||
| Tele2 AB - B Shares (b) |
31,254 | 461,692 | ||||||
| Vodafone Group plc |
1,674,543 | 2,532,981 | ||||||
|
|
|
|||||||
| 15,279,420 | ||||||||
|
|
|
|||||||
| Total Common Stocks |
2,211,218,437 | |||||||
|
|
|
|||||||
| U.S. Treasury & Government Agencies—29.4% |
| |||||||
| Federal Agencies—1.0% | ||||||||
| Federal Home Loan Bank |
||||||||
| 2.500%, 02/13/24 (b) |
2,345,000 | 2,463,824 | ||||||
| Federal Home Loan Mortgage Corp. |
||||||||
| 2.375%, 01/13/22 |
8,925,000 | 8,983,370 | ||||||
| 2.750%, 06/19/23 |
9,954,000 | 10,381,454 | ||||||
| 6.250%, 07/15/32 (b) |
2,480,000 | 3,594,213 | ||||||
| Federal National Mortgage Association |
||||||||
| 2.875%, 09/12/23 |
9,034,000 | 9,492,101 | ||||||
| 6.625%, 11/15/30 |
1,650,000 | 2,355,745 | ||||||
| 7.250%, 05/15/30 |
1,941,000 | 2,835,238 | ||||||
|
|
|
|||||||
| 40,105,945 | ||||||||
|
|
|
|||||||
| U.S. Treasury—28.4% | ||||||||
| U.S. Treasury Bonds | ||||||||
| 1.250%, 05/15/50 |
3,695,000 | 3,022,828 | ||||||
| 1.375%, 08/15/50 (b) |
1,588,500 | 1,340,421 | ||||||
| 1.625%, 11/15/50 (b) |
13,519,300 | 12,145,718 | ||||||
| 2.000%, 02/15/50 |
5,086,000 | 4,996,598 | ||||||
| 2.250%, 08/15/46 |
21,188,000 | 21,882,404 | ||||||
| 2.250%, 08/15/49 |
4,420,000 | 4,581,606 | ||||||
| 2.375%, 11/15/49 |
4,905,000 | 5,220,568 | ||||||
| 2.375%, 05/15/51 (b) |
4,867,400 | 5,194,428 | ||||||
| 2.500%, 02/15/45 |
5,830,000 | 6,295,945 | ||||||
| 2.750%, 08/15/42 |
5,415,000 | 6,093,779 | ||||||
| 2.750%, 08/15/47 |
2,445,700 | 2,775,965 | ||||||
| 2.875%, 05/15/43 |
5,779,000 | 6,632,080 | ||||||
| 2.875%, 08/15/45 (b) |
31,698,000 | 36,549,280 | ||||||
| 2.875%, 05/15/49 |
3,925,000 | 4,591,637 | ||||||
| 3.000%, 05/15/45 |
1,395,000 | 1,641,305 | ||||||
| 3.000%, 02/15/47 |
3,410,000 | 4,040,584 | ||||||
| 3.000%, 05/15/47 |
3,783,000 | 4,487,732 | ||||||
| 3.000%, 02/15/48 |
2,120,000 | 2,520,812 | ||||||
| 3.000%, 08/15/48 (b) |
9,960,600 | 11,867,899 | ||||||
| 3.000%, 02/15/49 |
2,920,500 | 3,491,138 | ||||||
BHFTI-17
Brighthouse Funds Trust I
AB Global Dynamic Allocation Portfolio
Consolidated Schedule of Investments as of September 30, 2021 (Unaudited)
U.S. Treasury & Government Agencies—(Continued)
| Security Description | Principal Amount* |
Value | ||||||
| U.S. Treasury—(Continued) | ||||||||
| U.S. Treasury Bonds | ||||||||
| 3.125%, 11/15/41 |
7,070,000 | $ | 8,419,928 | |||||
| 3.125%, 02/15/42 (b) |
5,645,000 | 6,734,970 | ||||||
| 3.125%, 02/15/43 |
8,504,100 | 10,133,499 | ||||||
| 3.625%, 08/15/43 |
26,548,000 | 34,075,810 | ||||||
| 3.750%, 08/15/41 |
8,025,000 | 10,402,406 | ||||||
| 3.750%, 11/15/43 |
519,000 | 678,998 | ||||||
| 4.375%, 05/15/41 (b) |
6,938,600 | 9,718,106 | ||||||
| 4.500%, 08/15/39 |
318,000 | 446,629 | ||||||
| 5.250%, 11/15/28 |
4,209,000 | 5,350,362 | ||||||
| 5.500%, 08/15/28 |
5,990,000 | 7,655,033 | ||||||
| 6.000%, 02/15/26 (g) |
33,774,000 | 41,228,027 | ||||||
| 6.125%, 11/15/27 (b) |
7,239,000 | 9,371,394 | ||||||
| 6.250%, 08/15/23 |
4,620,000 | 5,138,667 | ||||||
| 6.250%, 05/15/30 |
885,000 | 1,234,644 | ||||||
| 6.375%, 08/15/27 |
2,790,000 | 3,625,583 | ||||||
| 6.875%, 08/15/25 |
2,640,000 | 3,258,750 | ||||||
| U.S. Treasury Notes | ||||||||
| 0.125%, 11/30/22 |
8,229,200 | 8,227,914 | ||||||
| 0.250%, 06/30/25 (b) |
16,917,000 | 16,615,666 | ||||||
| 0.250%, 08/31/25 |
36,380,000 | 35,636,768 | ||||||
| 0.250%, 09/30/25 |
12,283,000 | 12,019,587 | ||||||
| 0.375%, 04/30/25 |
11,960,000 | 11,827,319 | ||||||
| 0.375%, 12/31/25 |
11,832,500 | 11,594,001 | ||||||
| 0.375%, 01/31/26 |
28,823,000 | 28,203,756 | ||||||
| 0.500%, 03/31/25 |
1,014,000 | 1,008,375 | ||||||
| 0.500%, 02/28/26 (b) |
11,751,600 | 11,553,292 | ||||||
| 0.625%, 05/15/30 |
9,848,000 | 9,191,723 | ||||||
| 0.625%, 08/15/30 |
12,275,200 | 11,419,293 | ||||||
| 0.750%, 04/30/26 |
7,043,200 | 6,989,000 | ||||||
| 0.750%, 05/31/26 (b) |
21,843,500 | 21,660,049 | ||||||
| 0.750%, 08/31/26 (b) |
16,775,100 | 16,595,554 | ||||||
| 0.875%, 09/30/26 |
7,040,700 | 7,002,746 | ||||||
| 0.875%, 11/15/30 (b) |
23,054,500 | 21,878,360 | ||||||
| 1.125%, 02/15/31 (b) |
16,220,300 | 15,710,881 | ||||||
| 1.250%, 08/31/24 (b) |
9,254,000 | 9,453,539 | ||||||
| 1.500%, 09/30/24 (b) |
6,882,000 | 7,083,352 | ||||||
| 1.500%, 10/31/24 (b) |
8,465,000 | 8,713,659 | ||||||
| 1.500%, 11/30/24 |
17,311,700 | 17,818,202 | ||||||
| 1.500%, 08/15/26 |
2,176,300 | 2,231,048 | ||||||
| 1.500%, 02/15/30 |
6,669,000 | 6,711,463 | ||||||
| 1.625%, 11/15/22 (g) |
43,104,400 | 43,831,787 | ||||||
| 1.625%, 02/15/26 (b) |
12,482,100 | 12,878,992 | ||||||
| 1.625%, 08/15/29 |
10,034,000 | 10,219,786 | ||||||
| 1.625%, 05/15/31 |
18,502,700 | 18,719,529 | ||||||
| 1.750%, 05/15/23 |
49,747,800 | 50,985,665 | ||||||
| 1.750%, 07/31/24 (b) |
6,767,000 | 7,009,925 | ||||||
| 1.750%, 11/15/29 (b) |
12,100,200 | 12,434,846 | ||||||
| 2.000%, 11/30/22 |
8,542,000 | 8,727,522 | ||||||
| 2.000%, 02/15/23 |
18,095,100 | 18,549,598 | ||||||
| 2.000%, 05/31/24 (b) |
15,820,000 | 16,470,103 | ||||||
| 2.000%, 02/15/25 (b) |
24,920,600 | 26,066,363 | ||||||
| 2.000%, 08/15/25 |
17,740,000 | 18,575,720 | ||||||
| 2.000%, 11/15/26 |
12,417,100 | 13,028,254 | ||||||
| 2.125%, 12/31/22 (b) |
8,530,000 | 8,739,918 | ||||||
| U.S. Treasury—(Continued) | ||||||||
| U.S. Treasury Notes | ||||||||
| 2.125%, 11/30/23 (b) |
22,408,000 | 23,278,061 | ||||||
| 2.125%, 03/31/24 |
6,646,000 | 6,928,715 | ||||||
| 2.125%, 05/15/25 (b) |
47,369,000 | 49,781,858 | ||||||
| 2.250%, 04/30/24 |
7,735,000 | 8,096,672 | ||||||
| 2.250%, 11/15/24 |
16,668,500 | 17,544,247 | ||||||
| 2.250%, 11/15/25 |
9,607,000 | 10,161,279 | ||||||
| 2.250%, 02/15/27 |
10,237,000 | 10,873,613 | ||||||
| 2.250%, 08/15/27 |
5,941,000 | 6,314,401 | ||||||
| 2.250%, 11/15/27 |
15,786,000 | 16,780,641 | ||||||
| 2.375%, 08/15/24 |
2,028,700 | 2,137,663 | ||||||
| 2.375%, 05/15/27 |
6,780,500 | 7,251,957 | ||||||
| 2.375%, 05/15/29 |
13,350,900 | 14,331,357 | ||||||
| 2.500%, 01/31/24 (b) |
4,224,100 | 4,433,325 | ||||||
| 2.625%, 02/15/29 |
9,095,000 | 9,916,392 | ||||||
| 2.750%, 11/15/23 |
25,091,500 | 26,383,320 | ||||||
| 2.750%, 02/15/28 |
2,396,000 | 2,621,280 | ||||||
| 2.875%, 05/15/28 |
4,159,000 | 4,587,085 | ||||||
| 3.125%, 11/15/28 |
10,546,600 | 11,849,270 | ||||||
|
|
|
|||||||
| 1,105,500,224 | ||||||||
|
|
|
|||||||
| Total U.S. Treasury & Government Agencies |
1,145,606,169 | |||||||
|
|
|
|||||||
| Foreign Government—11.7% | ||||||||
| Sovereign—11.7% | ||||||||
| Australia Government Bonds | ||||||||
| 1.750%, 06/21/51 (AUD) |
593,000 | 371,632 | ||||||
| 2.500%, 05/21/30 (AUD) |
4,482,000 | 3,544,501 | ||||||
| 3.000%, 03/21/47 (AUD) |
305,000 | 248,267 | ||||||
| 3.250%, 04/21/29 (AUD) |
1,346,000 | 1,116,539 | ||||||
| 3.750%, 04/21/37 (AUD) |
1,486,000 | 1,337,554 | ||||||
| 4.750%, 04/21/27 (AUD) |
5,600,000 | 4,897,752 | ||||||
| Belgium Government Bonds | ||||||||
| 0.900%, 06/22/29 (144A) (EUR) |
2,248,000 | 2,816,580 | ||||||
| 1.600%, 06/22/47 (144A) (EUR) |
1,474,400 | 2,007,312 | ||||||
| 2.600%, 06/22/24 (144A) (EUR) |
2,327,195 | 2,936,580 | ||||||
| 4.250%, 03/28/41 (144A) (EUR) |
1,455,000 | 2,807,538 | ||||||
| 5.000%, 03/28/35 (144A) (EUR) |
355,000 | 667,355 | ||||||
| 5.500%, 03/28/28 (EUR) |
3,175,800 | 5,094,541 | ||||||
| Bundesrepublik Deutschland Bundesanleihe | ||||||||
| Zero Coupon, 02/15/31 (EUR) |
2,713,000 | 3,212,985 | ||||||
| Zero Coupon, 08/15/50 (EUR) |
1,182,000 | 1,262,199 | ||||||
| 0.500%, 02/15/26 (EUR) |
14,735,518 | 17,914,690 | ||||||
| 1.250%, 08/15/48 (EUR) |
1,298,000 | 1,897,558 | ||||||
| 1.500%, 05/15/24 (EUR) |
1,965,000 | 2,409,336 | ||||||
| 2.500%, 07/04/44 (EUR) |
2,224,600 | 3,947,464 | ||||||
| 3.250%, 07/04/42 (EUR) |
387,500 | 740,881 | ||||||
| 4.250%, 07/04/39 (EUR) |
1,677,500 | 3,399,684 | ||||||
| 5.500%, 01/04/31 (EUR) |
5,479,600 | 9,831,019 | ||||||
| Canadian Government Bonds | ||||||||
| 1.500%, 06/01/26 (CAD) |
3,802,000 | 3,063,032 | ||||||
| 2.750%, 06/01/22 (CAD) |
1,870,000 | 1,500,665 | ||||||
| 3.500%, 12/01/45 (CAD) |
1,869,000 | 1,919,746 | ||||||
BHFTI-18
Brighthouse Funds Trust I
AB Global Dynamic Allocation Portfolio
Consolidated Schedule of Investments as of September 30, 2021 (Unaudited)
Foreign Government—(Continued)
| Security Description | Principal Amount* |
Value | ||||||
| Sovereign—(Continued) | ||||||||
| Canadian Government Bonds | ||||||||
| 4.000%, 06/01/41 (CAD) |
975,000 | $ | 1,040,785 | |||||
| 5.750%, 06/01/29 (CAD) |
3,383,000 | 3,529,180 | ||||||
| Denmark Government Bonds | ||||||||
| 0.500%, 11/15/29 (144A) (DKK) |
4,004,000 | 653,001 | ||||||
| 1.500%, 11/15/23 (DKK) |
13,692,600 | 2,227,841 | ||||||
| 4.500%, 11/15/39 (DKK) |
4,060,000 | 1,102,508 | ||||||
| Finland Government Bonds | ||||||||
| 0.125%, 09/15/31 (144A) (EUR) |
399,000 | 467,219 | ||||||
| 0.500%, 04/15/26 (144A) (EUR) |
2,841,000 | 3,443,016 | ||||||
| 1.375%, 04/15/47 (144A) (EUR) |
429,000 | 604,343 | ||||||
| French Republic Government Bond OAT | ||||||||
| 0.500%, 05/25/26 (EUR) |
5,972,399 | 7,222,913 | ||||||
| 1.000%, 11/25/25 (EUR) |
7,994,406 | 9,841,312 | ||||||
| 1.250%, 05/25/36 (144A) (EUR) |
2,719,800 | 3,513,497 | ||||||
| 1.500%, 05/25/50 (144A) (EUR) |
1,276,000 | 1,710,842 | ||||||
| 2.250%, 05/25/24 (EUR) |
2,032,800 | 2,535,054 | ||||||
| 2.500%, 05/25/30 (EUR) |
14,447,800 | 20,404,388 | ||||||
| 3.250%, 05/25/45 (EUR) |
6,947,900 | 12,492,871 | ||||||
| 4.000%, 04/25/60 (EUR) |
398,000 | 905,351 | ||||||
| Ireland Government Bonds | ||||||||
| 0.200%, 10/18/30 (EUR) |
1,185,000 | 1,387,219 | ||||||
| 2.000%, 02/18/45 (EUR) |
644,000 | 950,017 | ||||||
| 5.400%, 03/13/25 (EUR) |
3,555,800 | 4,967,016 | ||||||
| Italy Buoni Poliennali Del Tesoro | ||||||||
| 1.500%, 04/30/45 (144A) (EUR) |
232,000 | 261,428 | ||||||
| 1.650%, 12/01/30 (144A) (EUR) |
4,043,000 | 5,042,879 | ||||||
| 1.800%, 03/01/41 (144A) (EUR) |
469,000 | 566,974 | ||||||
| 2.200%, 06/01/27 (EUR) |
3,880,000 | 4,987,056 | ||||||
| 3.750%, 09/01/24 (EUR) |
13,007,000 | 16,809,930 | ||||||
| 3.850%, 09/01/49 (144A) (EUR) |
3,125,000 | 5,274,836 | ||||||
| 5.000%, 08/01/39 (144A) (EUR) |
4,588,000 | 8,297,480 | ||||||
| 5.250%, 11/01/29 (EUR) |
9,739,200 | 15,449,879 | ||||||
| Japan Government Forty Year Bond |
63,950,000 | 739,963 | ||||||
| Japan Government Ten Year Bonds | ||||||||
| 0.100%, 09/20/26 (JPY) |
1,875,600,000 | 17,002,159 | ||||||
| 0.100%, 12/20/29 (JPY) |
767,550,000 | 6,953,571 | ||||||
| 0.100%, 06/20/31 (JPY) |
430,150,000 | 3,875,466 | ||||||
| 0.500%, 12/20/24 (JPY) |
1,601,350,000 | 14,668,047 | ||||||
| 0.800%, 09/20/22 (JPY) |
657,700,000 | 5,960,992 | ||||||
| Japan Government Thirty Year Bonds | ||||||||
| 0.400%, 12/20/49 (JPY) |
838,350,000 | 7,054,207 | ||||||
| 0.500%, 09/20/46 (JPY) |
1,511,600,000 | 13,366,648 | ||||||
| 0.700%, 06/20/51 (JPY) |
260,850,000 | 2,355,607 | ||||||
| 1.800%, 09/20/43 (JPY) |
796,250,000 | 9,085,599 | ||||||
| 1.900%, 09/20/42 (JPY) |
394,900,000 | 4,548,899 | ||||||
| 2.300%, 03/20/40 (JPY) |
554,550,000 | 6,657,390 | ||||||
| Japan Government Twenty Year Bonds | ||||||||
| 0.500%, 09/20/36 (JPY) |
1,082,900,000 | 10,056,827 | ||||||
| 1.500%, 03/20/33 (JPY) |
230,600,000 | 2,393,893 | ||||||
| 1.700%, 12/20/31 (JPY) |
846,700,000 | 8,846,473 | ||||||
| 1.700%, 09/20/32 (JPY) |
182,400,000 | 1,920,383 | ||||||
| 1.700%, 09/20/33 (JPY) |
418,500,000 | 4,448,520 | ||||||
| 2.100%, 06/20/29 (JPY) |
555,050,000 | 5,802,852 | ||||||
| 2.100%, 12/20/29 (JPY) |
555,900,000 | 5,856,293 | ||||||
| Sovereign—(Continued) | ||||||||
| Mexican Bonos |
40,732,100 | 2,390,587 | ||||||
| Netherlands Government Bonds | ||||||||
| Zero Coupon, 07/15/31 (144A) (EUR) |
740,000 | 863,119 | ||||||
| 2.750%, 01/15/47 (144A) (EUR) |
486,000 | 905,613 | ||||||
| 3.750%, 01/15/42 (144A) (EUR) |
1,396,600 | 2,752,329 | ||||||
| 5.500%, 01/15/28 (144A) (EUR) |
4,131,500 | 6,578,780 | ||||||
| Norway Government Bonds | ||||||||
| 1.250%, 09/17/31 (144A) (NOK) |
4,362,000 | 483,217 | ||||||
| 3.000%, 03/14/24 (144A) (NOK) |
10,370,000 | 1,239,702 | ||||||
| Poland Government Bond |
6,492,000 | 2,082,141 | ||||||
| Republic of Austria Government Bonds | ||||||||
| Zero Coupon, 02/20/31 (144A) (EUR) |
777,000 | 896,874 | ||||||
| 0.750%, 10/20/26 (144A) (EUR) |
3,060,000 | 3,762,743 | ||||||
| 3.150%, 06/20/44 (144A) (EUR) |
2,239,000 | 4,092,444 | ||||||
| 3.400%, 11/22/22 (144A) (EUR) |
1,740,000 | 2,109,432 | ||||||
| 4.150%, 03/15/37 (144A) (EUR) |
267,000 | 490,678 | ||||||
| Singapore Government Bonds | ||||||||
| 2.125%, 06/01/26 (SGD) |
3,378,000 | 2,620,973 | ||||||
| 2.750%, 03/01/46 (SGD) |
305,000 | 255,785 | ||||||
| 3.375%, 09/01/33 (SGD) |
731,000 | 629,625 | ||||||
| Spain Government Bonds | ||||||||
| 0.350%, 07/30/23 (EUR) |
2,380,000 | 2,803,017 | ||||||
| 1.000%, 10/31/50 (144A) (EUR) |
1,566,000 | 1,665,396 | ||||||
| 1.450%, 10/31/27 (144A) (EUR) |
7,555,000 | 9,565,383 | ||||||
| 1.950%, 07/30/30 (144A) (EUR) |
4,833,000 | 6,421,816 | ||||||
| 2.900%, 10/31/46 (144A) (EUR) |
1,182,000 | 1,874,371 | ||||||
| 4.200%, 01/31/37 (144A) (EUR) |
1,045,000 | 1,811,927 | ||||||
| 4.400%, 10/31/23 (144A) (EUR) |
1,028,000 | 1,313,968 | ||||||
| 4.700%, 07/30/41 (144A) (EUR) |
2,112,000 | 4,074,058 | ||||||
| 6.000%, 01/31/29 (EUR) |
3,371,400 | 5,607,382 | ||||||
| Sweden Government Bonds | ||||||||
| 1.000%, 11/12/26 (SEK) |
15,990,000 | 1,916,174 | ||||||
| 1.500%, 11/13/23 (144A) (SEK) |
3,330,000 | 394,779 | ||||||
| Swiss Confederation Government Bond |
415,000 | 474,337 | ||||||
| United Kingdom Gilt | ||||||||
| 0.375%, 10/22/30 (GBP) |
3,151,000 | 4,027,722 | ||||||
| 0.625%, 06/07/25 (GBP) |
2,535,000 | 3,432,847 | ||||||
| 1.750%, 01/22/49 (GBP) |
881,000 | 1,282,867 | ||||||
| 2.250%, 09/07/23 (GBP) |
1,170,000 | 1,635,308 | ||||||
| 3.250%, 01/22/44 (GBP) |
2,120,900 | 3,872,757 | ||||||
| 4.250%, 12/07/46 (GBP) |
8,422,100 | 18,201,368 | ||||||
| 6.000%, 12/07/28 (GBP) |
3,478,400 | 6,393,119 | ||||||
|
|
|
|||||||
| Total Foreign Government |
455,150,672 | |||||||
|
|
|
|||||||
| Preferred Stocks—0.2% | ||||||||
| Automobiles—0.1% | ||||||||
| Bayerische Motoren Werke (BMW) AG |
3,510 | 268,007 | ||||||
| Porsche Automobil Holding SE |
9,555 | 952,195 | ||||||
BHFTI-19
Brighthouse Funds Trust I
AB Global Dynamic Allocation Portfolio
Consolidated Schedule of Investments as of September 30, 2021 (Unaudited)
Preferred Stocks—(Continued)
| Security Description | Shares/ Principal Amount* |
Value | ||||||
| Automobiles—(Continued) | ||||||||
| Volkswagen AG |
11,581 | $ | 2,594,314 | |||||
|
|
|
|||||||
| Chemicals—0.0% | ||||||||
| Fuchs Petrolub SE |
4,247 | 198,697 | ||||||
|
|
|
|||||||
| Health Care Equipment & Supplies—0.1% | ||||||||
| Sartorius AG |
1,636 | 1,041,883 | ||||||
|
|
|
|||||||
| Household Products—0.0% | ||||||||
| Henkel AG & Co. KGaA |
11,118 | 1,032,214 | ||||||
|
|
|
|||||||
| Total Preferred Stocks |
6,087,310 | |||||||
|
|
|
|||||||
| Mutual Funds—0.0% | ||||||||
| Investment Company Securities—0.0% | ||||||||
| iShares International Developed Real Estate ETF |
4,821 | 134,988 | ||||||
| iShares U.S. Real Estate ETF (b) |
1,520 | 155,633 | ||||||
|
|
|
|||||||
| Total Mutual Funds |
290,621 | |||||||
|
|
|
|||||||
| Rights—0.0% | ||||||||
| Airlines—0.0% | ||||||||
| Deutsche Lufthansa AG, Expires |
18,267 | 49,915 | ||||||
|
|
|
|||||||
| Multi-Utilities—0.0% | ||||||||
| Veolia Environnement SA, Expires |
33,629 | 27,596 | ||||||
|
|
|
|||||||
| Total Rights |
77,511 | |||||||
|
|
|
|||||||
| Short-Term Investment—0.9% | ||||||||
| Repurchase Agreement—0.9% | ||||||||
| Fixed Income Clearing Corp. |
33,462,759 | 33,462,759 | ||||||
|
|
|
|||||||
| Total Short-Term Investments |
33,462,759 | |||||||
|
|
|
|||||||
| Securities Lending Reinvestments (h)—8.3% |
| |||||||
| Certificates of Deposit—2.4% | ||||||||
| Agricultural Bank of China |
5,000,000 | 5,000,290 | ||||||
| Bank of Montreal (Chicago) |
3,000,000 | 2,999,946 | ||||||
| Certificates of Deposit—(Continued) | ||||||||
| Bank of Nova Scotia |
4,000,000 | 4,000,284 | ||||||
| Barclays Bank plc |
7,000,000 | 7,004,039 | ||||||
| Cooperatieve Rabobank UA |
5,000,000 | 5,000,000 | ||||||
| Credit Industriel et Commercial |
8,000,000 | 7,999,680 | ||||||
| Goldman Sachs Bank USA |
4,000,000 | 4,000,280 | ||||||
| Mitsubishi UFJ Trust and Banking Corp. (London) |
2,000,000 | 1,999,680 | ||||||
| Mizuho Bank, Ltd. |
5,000,000 | 4,999,755 | ||||||
| MUFG Bank Ltd. |
3,000,000 | 3,000,084 | ||||||
| National Australia Bank, Ltd. |
2,000,000 | 1,999,900 | ||||||
| Natixis S.A. (New York) |
8,000,000 | 8,001,224 | ||||||
| Oversea-Chinese Banking Corp., Ltd. |
8,000,000 | 8,000,432 | ||||||
| Royal Bank of Canada New York | ||||||||
| 0.185%, 3M LIBOR + 0.040%, 10/05/21 (i) |
2,000,000 | 2,000,022 | ||||||
| 0.210%, 3M LIBOR + 0.090%, 12/02/21 (i) |
3,000,000 | 3,000,522 | ||||||
| Standard Chartered Bank (NY) | ||||||||
| 0.150%, 02/02/22 |
7,000,000 | 7,000,000 | ||||||
| 0.170%, 03/28/22 |
5,000,000 | 5,000,000 | ||||||
| Sumitomo Mitsui Trust Bank (London) |
5,000,000 | 4,998,500 | ||||||
| Sumitomo Mitsui Trust Bank, Ltd. | ||||||||
| Zero Coupon, 02/10/22 |
2,000,000 | 1,998,880 | ||||||
| Zero Coupon, 03/15/22 |
3,000,000 | 2,997,750 | ||||||
| 0.060%, 10/05/21 |
1,000,000 | 999,994 | ||||||
|
|
|
|||||||
| 92,001,262 | ||||||||
|
|
|
|||||||
| Commercial Paper—0.3% | ||||||||
| Antalis S.A. |
3,000,000 | 2,999,145 | ||||||
| Bedford Row Funding Corp. |
4,000,000 | 4,000,244 | ||||||
| UBS AG |
3,000,000 | 2,997,218 | ||||||
|
|
|
|||||||
| 9,996,607 | ||||||||
|
|
|
|||||||
| Repurchase Agreements—4.9% | ||||||||
| Barclays Bank plc | ||||||||
| Repurchase Agreement dated 09/30/21 at 0.190%, due on 10/01/21 with a maturity value of $5,000,026; collateralized by various Common Stock with an aggregate market value of $5,556,171. |
5,000,000 | 5,000,000 | ||||||
| Repurchase Agreement dated 09/30/21 at 0.350%, due on 11/04/21 with a maturity value of $7,002,382; collateralized by various Common Stock with an aggregate market value of $7,779,366. |
7,000,000 | 7,000,000 | ||||||
BHFTI-20
Brighthouse Funds Trust I
AB Global Dynamic Allocation Portfolio
Consolidated Schedule of Investments as of September 30, 2021 (Unaudited)
Securities Lending Reinvestments (h)—(Continued)
| Security Description | Principal Amount* |
Value | ||||||
| Repurchase Agreements—(Continued) | ||||||||
| Barclays Capital, Inc. |
17,044,206 | $ | 17,044,206 | |||||
| BofA Securities, Inc. |
8,000,000 | 8,000,000 | ||||||
| CF Secured LLC |
35,000,000 | 35,000,000 | ||||||
| Citigroup Global Markets Ltd. |
10,000,000 | 10,000,000 | ||||||
| Citigroup Global Markets, Inc. |
| |||||||
| Repurchase Agreement dated 09/30/21 at 0.420%, due on 11/04/21 with a maturity value of $1,000,408; collateralized by various Common Stock with an aggregate market value of $1,100,000. |
1,000,000 | 1,000,000 | ||||||
| Repurchase Agreement dated 09/30/21 at 0.420%, due on 11/04/21 with a maturity value of $8,003,267; collateralized by U.S. Treasury Obligations with rates ranging from 1.000% - 4.500%, maturity dates ranging from 05/15/27 - 05/15/40, and various Common Stock with an aggregate market value of $8,693,382. |
8,000,000 | 8,000,000 | ||||||
| Deutsche Bank AG, London |
4,000,000 | 4,000,000 | ||||||
| National Bank of Canada |
62,800,000 | 62,800,000 | ||||||
| NBC Global Finance, Ltd. | ||||||||
| Repurchase Agreement dated 09/30/21 at 0.235%, due on 10/07/21 with a maturity value of $6,600,302; collateralized by U.S. Treasury Obligations with rates ranging from 0.095% - 2.250%, maturity dates ranging from 07/31/22 - 11/15/27, and various Common Stock with an aggregate market value of $7,326,206. |
6,600,000 | 6,600,000 | ||||||
| Repurchase Agreements—(Continued) | ||||||||
| NBC Global Finance, Ltd. | ||||||||
| Repurchase Agreement dated 09/30/21 at 0.250%, due on 10/07/21 with a maturity value of $7,400,360; collateralized by U.S. Treasury Obligations with rates ranging from 0.095% - 2.000%, maturity dates ranging from 07/31/22 - 02/15/50, and various Common Stock with an aggregate market value of $8,218,575. |
7,400,000 | $ | 7,400,000 | |||||
| Societe Generale | ||||||||
| Repurchase Agreement dated 09/30/21 at 0.050%, due on 10/01/21 with a maturity value of $4,400,006; collateralized by U.S. Treasury Obligations with rates ranging from 0.000% - 6.750%, maturity dates ranging from 10/21/21 - 02/15/49, and an aggregate market value of $4,488,225. |
4,400,000 | 4,400,000 | ||||||
| Repurchase Agreement dated 09/30/21 at 0.170%, due on 10/01/21 with a maturity value of $15,500,073; collateralized by various Common Stock with an aggregate market value of $17,222,564. |
15,500,000 | 15,500,000 | ||||||
|
|
|
|||||||
| 191,744,206 | ||||||||
|
|
|
|||||||
| Time Deposits—0.6% | ||||||||
| ABN AMRO Bank NV |
5,000,000 | 5,000,000 | ||||||
| First Abu Dhabi Bank USA NV |
10,000,000 | 10,000,000 | ||||||
| Landesbank Baden-Wuettertemberg (London) |
3,200,000 | 3,200,000 | ||||||
| National Bank of Canada |
4,000,000 | 4,000,000 | ||||||
| Skandi New York |
2,000,000 | 2,000,000 | ||||||
|
|
|
|||||||
| 24,200,000 | ||||||||
|
|
|
|||||||
| Mutual Funds—0.1% | ||||||||
| Goldman Sachs Financial Square Government Fund, Institutional Shares 0.030% (j) |
5,000,000 | 5,000,000 | ||||||
|
|
|
|||||||
| Total Securities Lending Reinvestments |
322,942,075 | |||||||
|
|
|
|||||||
| Total Investments—107.3% |
4,174,835,554 | |||||||
| Other assets and liabilities (net)—(7.3)% |
(282,468,909 | ) | ||||||
|
|
|
|||||||
| Net Assets—100.0% | $ | 3,892,366,645 | ||||||
|
|
|
|||||||
| * | Principal amount stated in U.S. dollars unless otherwise noted. | |
| (a) | Non-income producing security. | |
| (b) | All or a portion of the security was held on loan. As of September 30, 2021, the market value of securities loaned was $334,612,500 and the collateral received consisted of cash in the amount of $322,927,463 and non-cash collateral with a value of $28,808,790. The cash collateral investments are disclosed in the Consolidated Schedule of Investments and categorized as Securities Lending Reinvestments. The non-cash collateral received consists of U.S. government securities that are held in safe-keeping by the lending agent, or a third-party custodian, and cannot be sold or repledged by the Portfolio. |
BHFTI-21
Brighthouse Funds Trust I
AB Global Dynamic Allocation Portfolio
Consolidated Schedule of Investments as of September 30, 2021 (Unaudited)
| (c) | Significant unobservable inputs were used in the valuation of this portfolio security; i.e. Level 3. | |
| (d) | Security was valued in good faith under procedures approved by the Board of Trustees. As of September 30, 2021, these securities represent 0.0% of net assets. | |
| (e) | All or a portion of the security was pledged as collateral against open futures contracts. As of September 30, 2021, the market value of securities pledged was $149,667,645. | |
| (f) | Affiliated Issuer. | |
| (g) | All or a portion of the security was pledged as collateral against open centrally cleared swap contracts. As of September 30, 2021, the market value of securities pledged was $66,108,203. | |
| (h) | Represents investment of cash collateral received from securities on loan as of September 30, 2021. | |
| (i) | Variable or floating rate security. The stated rate represents the rate at September 30, 2021. Maturity date shown for callable securities reflects the earliest possible call date. For securities based on a published reference index and spread, the index and spread are indicated in the description above. For certain variable rate securities, the coupon rate is determined by the issuer/agent based on current market conditions. For certain asset- and mortgage-backed securities, the coupon rate may fluctuate based on changes of the underlying collateral or prepayments of principal. These securities do not indicate a reference index and spread in their description above. | |
| (j) | The rate shown represents the annualized seven-day yield as of September 30, 2021. | |
| (144A)— | Securities exempt from registration under Rule 144A of the Securities Act of 1933. These securities may be resold in transactions exempt from registration, normally to qualified institutional buyers. As of September 30, 2021, the market value of 144A securities was $113,231,135, which is 2.9% of net assets. |
Forward Foreign Currency Exchange Contracts
| Contracts to Buy |
Counterparty |
Settlement Date |
In Exchange for |
Unrealized Appreciation/ (Depreciation) |
||||||||||||||||||
| CHF | 13,054,525 | GSBU |
10/28/21 | USD | 14,046,213 | $ | (30,345 | ) | ||||||||||||||
| CHF | 18,825,000 | MSIP |
10/28/21 | USD | 20,617,064 | (405,779 | ) | |||||||||||||||
| EUR | 1,808,155 | BNP |
11/08/21 | USD | 2,127,863 | (32,011 | ) | |||||||||||||||
| EUR | 28,128,761 | BNP |
11/08/21 | USD | 32,999,653 | (395,286 | ) | |||||||||||||||
| EUR | 1,216,750 | CBNA |
11/08/21 | USD | 1,427,926 | (17,578 | ) | |||||||||||||||
| EUR | 1,524,190 | GSBU |
11/08/21 | USD | 1,802,750 | (36,043 | ) | |||||||||||||||
| EUR | 7,437,156 | GSBU |
11/08/21 | USD | 8,618,741 | 1,750 | ||||||||||||||||
| EUR | 12,862,188 | GSBU |
11/08/21 | USD | 15,123,322 | (214,614 | ) | |||||||||||||||
| EUR | 40,145,304 | GSBU |
11/08/21 | USD | 46,705,964 | (173,086 | ) | |||||||||||||||
| EUR | 1,339,607 | MSIP |
11/08/21 | USD | 1,559,818 | (7,064 | ) | |||||||||||||||
| EUR | 24,860,269 | MSIP |
11/08/21 | USD | 29,296,211 | (480,391 | ) | |||||||||||||||
| EUR | 35,277,592 | MSIP |
11/08/21 | USD | 40,885,085 | 5,572 | ||||||||||||||||
| EUR | 53,019,000 | MSIP |
11/08/21 | USD | 63,042,571 | (1,587,645 | ) | |||||||||||||||
| EUR | 296,039 | SSBT |
11/08/21 | USD | 351,899 | (8,756 | ) | |||||||||||||||
| EUR | 304,795 | SSBT |
11/08/21 | USD | 362,149 | (8,858 | ) | |||||||||||||||
| GBP | 16,568,940 | BNP |
11/10/21 | USD | 22,910,940 | (585,115 | ) | |||||||||||||||
| GBP | 26,263,405 | MSIP |
11/10/21 | USD | 35,397,368 | (8,731 | ) | |||||||||||||||
| GBP | 542,598 | SSBT |
11/10/21 | USD | 730,836 | 288 | ||||||||||||||||
| GBP | 886,902 | UBSA |
11/10/21 | USD | 1,216,155 | (21,098 | ) | |||||||||||||||
| JPY | 798,696,012 | JPMC |
11/17/21 | USD | 7,276,325 | (97,823 | ) | |||||||||||||||
| JPY | 596,694,188 | MSIP |
11/17/21 | USD | 5,353,776 | 9,178 | ||||||||||||||||
| JPY | 1,001,450,015 | MSIP |
11/17/21 | USD | 9,144,233 | (143,423 | ) | |||||||||||||||
| JPY | 1,368,004,748 | MSIP |
11/17/21 | USD | 12,294,234 | 1,088 | ||||||||||||||||
| JPY | 10,632,181,658 | MSIP |
11/17/21 | USD | 96,540,124 | (980,439 | ) | |||||||||||||||
| JPY | 34,832,637 | SSBT |
11/17/21 | USD | 318,912 | (5,844 | ) | |||||||||||||||
| NOK | 163,607,151 | GSBU |
10/13/21 | USD | 18,570,688 | 143,708 | ||||||||||||||||
| NOK | 29,957,846 | MSIP |
10/13/21 | USD | 3,369,308 | 57,455 | ||||||||||||||||
| NOK | 107,517,559 | MSIP |
10/13/21 | USD | 11,975,426 | 323,097 | ||||||||||||||||
| NOK | 203,626,484 | MSIP |
10/13/21 | USD | 23,274,843 | 17,211 | ||||||||||||||||
| SEK | 278,173,196 | BNP |
10/13/21 | USD | 31,983,472 | (206,189 | ) | |||||||||||||||
| SEK | 41,444,688 | CBNA |
10/13/21 | USD | 4,789,139 | (54,680 | ) | |||||||||||||||
| SEK | 120,215,668 | GSBU |
10/13/21 | USD | 13,928,048 | (195,138 | ) | |||||||||||||||
| SEK | 129,875,035 | SG |
10/13/21 | USD | 15,090,737 | (254,384 | ) | |||||||||||||||
| Contracts to Deliver |
||||||||||||||||||||||
| AUD | 16,961,335 | CBNA |
11/09/21 | USD | 12,215,401 | (48,604 | ) | |||||||||||||||
| AUD | 75,545,344 | MSIP |
11/09/21 | USD | 54,510,045 | (113,514 | ) | |||||||||||||||
| CAD | 15,101,680 | MSIP |
11/19/21 | USD | 11,800,235 | (121,943 | ) | |||||||||||||||
BHFTI-22
Brighthouse Funds Trust I
AB Global Dynamic Allocation Portfolio
Consolidated Schedule of Investments as of September 30, 2021 (Unaudited)
Forward Foreign Currency Exchange Contracts—(Continued)
| Contracts to Deliver |
Counterparty |
Settlement Date |
In Exchange for |
Unrealized Appreciation/ (Depreciation) |
||||||||||||||||||
| CAD | 8,309,028 | MSIP |
11/19/21 | USD | 6,492,555 | (67,094 | ) | |||||||||||||||
| CHF | 73,763,632 | CBNA |
10/28/21 | USD | 81,724,950 | 2,529,317 | ||||||||||||||||
| CHF | 44,786,611 | MSIP |
10/28/21 | USD | 48,512,975 | 428,249 | ||||||||||||||||
| CHF | 462,190 | SSBT |
10/28/21 | USD | 512,345 | 16,119 | ||||||||||||||||
| DKK | 25,522,281 | GSBU |
10/13/21 | USD | 4,061,536 | 85,512 | ||||||||||||||||
| EUR | 46,322,000 | BNP |
11/08/21 | USD | 54,763,212 | 1,070,855 | ||||||||||||||||
| EUR | 46,311,165 | BNP |
11/08/21 | USD | 54,791,443 | 1,111,646 | ||||||||||||||||
| EUR | 121,749,056 | BOA |
11/08/21 | USD | 144,639,826 | 3,519,113 | ||||||||||||||||
| EUR | 2,328,912 | BOA |
11/08/21 | USD | 2,743,671 | 44,203 | ||||||||||||||||
| EUR | 44,703,622 | GSBU |
11/08/21 | USD | 52,666,422 | 849,946 | ||||||||||||||||
| EUR | 967,909 | JPMC |
11/08/21 | USD | 1,144,228 | 22,314 | ||||||||||||||||
| EUR | 1,225,037 | SSBT |
11/08/21 | USD | 1,443,221 | 23,266 | ||||||||||||||||
| EUR | 2,034,500 | SSBT |
11/08/21 | USD | 2,356,471 | (1,741 | ) | |||||||||||||||
| EUR | 212,966,551 | UBSA |
11/08/21 | USD | 253,168,247 | 6,316,298 | ||||||||||||||||
| EUR | 1,111,091 | UBSA |
11/08/21 | USD | 1,316,316 | 28,438 | ||||||||||||||||
| GBP | 13,291,000 | BNP |
11/10/21 | USD | 18,280,671 | 371,707 | ||||||||||||||||
| GBP | 10,386,738 | BNP |
11/10/21 | USD | 14,300,946 | 305,331 | ||||||||||||||||
| GBP | 30,984,600 | GSBU |
11/10/21 | USD | 42,556,960 | 806,748 | ||||||||||||||||
| GBP | 32,693,609 | MSIP |
11/10/21 | USD | 44,851,983 | 798,965 | ||||||||||||||||
| GBP | 24,095,318 | MSIP |
11/10/21 | USD | 33,105,584 | 638,337 | ||||||||||||||||
| GBP | 9,892,865 | MSIP |
11/10/21 | USD | 13,351,929 | 21,784 | ||||||||||||||||
| GBP | 5,564,000 | MSIP |
11/10/21 | USD | 7,697,851 | 200,636 | ||||||||||||||||
| JPY | 18,473,058,760 | CBNA |
11/17/21 | USD | 168,703,887 | 2,672,142 | ||||||||||||||||
| JPY | 14,097,147,615 | CBNA |
11/17/21 | USD | 128,764,710 | 2,062,682 | ||||||||||||||||
| JPY | 2,133,567,000 | MSIP |
11/17/21 | USD | 19,411,780 | 235,754 | ||||||||||||||||
| JPY | 564,822,890 | MSIP |
11/17/21 | USD | 5,066,942 | (9,560 | ) | |||||||||||||||
| JPY | 131,269,443 | MSIP |
11/17/21 | USD | 1,194,373 | 14,553 | ||||||||||||||||
| MXN | 54,455,495 | UBSA |
10/28/21 | USD | 2,656,754 | 28,056 | ||||||||||||||||
| NOK | 26,714,480 | CBNA |
10/13/21 | USD | 2,996,178 | (59,589 | ) | |||||||||||||||
| NOK | 66,720,813 | GSBU |
10/13/21 | USD | 7,543,761 | (88,178 | ) | |||||||||||||||
| NOK | 110,191,191 | JPMC |
10/13/21 | USD | 12,405,342 | (199,007 | ) | |||||||||||||||
| NOK | 134,471,000 | MSIP |
10/13/21 | USD | 15,474,256 | 92,632 | ||||||||||||||||
| NOK | 103,714,000 | MSIP |
10/13/21 | USD | 11,985,432 | 121,984 | ||||||||||||||||
| NOK | 10,219,551 | MSIP |
10/13/21 | USD | 1,168,112 | (864 | ) | |||||||||||||||
| NOK | 4,381,221 | SCB |
10/13/21 | USD | 504,185 | 3,034 | ||||||||||||||||
| NZD | 8,093,000 | BNP |
10/15/21 | USD | 5,685,810 | 99,118 | ||||||||||||||||
| PLN | 7,189,934 | HSBCU |
12/07/21 | USD | 1,864,213 | 56,859 | ||||||||||||||||
| SEK | 38,244,805 | BNP |
10/13/21 | USD | 4,445,354 | 76,436 | ||||||||||||||||
| SEK | 479,617,051 | GSBU |
10/13/21 | USD | 54,727,056 | (62,287 | ) | |||||||||||||||
| SEK | 143,778,505 | GSBU |
10/13/21 | USD | 16,405,952 | (18,672 | ) | |||||||||||||||
| SEK | 51,846,731 | MSIP |
10/13/21 | USD | 5,959,071 | 36,329 | ||||||||||||||||
| SEK | 18,964,440 | SG |
10/13/21 | USD | 2,203,560 | 37,145 | ||||||||||||||||
| SGD | 4,464,518 | BBP |
11/10/21 | USD | 3,277,153 | (10,661 | ) | |||||||||||||||
|
|
|
|||||||||||||||||||||
| Net Unrealized Appreciation |
|
$ | 18,532,821 | |||||||||||||||||||
|
|
|
|||||||||||||||||||||
Futures Contracts
| Futures Contracts—Long |
Expiration Date |
Number of Contracts |
Notional Value | Value/ Unrealized Appreciation/ (Depreciation) |
||||||||||||||||
| Australian 10 Year Treasury Bond Futures |
12/15/21 | 756 | AUD | 106,953,263 | $ | (594,865 | ) | |||||||||||||
| Hang Seng Index Futures |
10/28/21 | 97 | HKD | 118,941,400 | 225,986 | |||||||||||||||
| MSCI EAFE Index Mini Futures |
12/17/21 | 3,008 | USD | 340,956,800 | (15,861,145 | ) | ||||||||||||||
BHFTI-23
Brighthouse Funds Trust I
AB Global Dynamic Allocation Portfolio
Consolidated Schedule of Investments as of September 30, 2021 (Unaudited)
Futures Contracts—(Continued)
| Futures Contracts—Long |
Expiration Date |
Number of Contracts |
Notional Value | Value/ Unrealized Appreciation/ (Depreciation) |
||||||||||||||||
| OMX Stockholm 30 Index Futures |
10/15/21 | 1,775 | SEK | 399,951,875 | $ | (1,647,222 | ) | |||||||||||||
| Russell 2000 Index E-Mini Futures |
12/17/21 | 1,151 | USD | 126,656,040 | (2,553,831 | ) | ||||||||||||||
| S&P 500 Index E-Mini Futures |
12/17/21 | 679 | USD | 145,908,613 | (3,864,650 | ) | ||||||||||||||
| S&P Midcap 400 Index E-Mini Futures |
12/17/21 | 483 | USD | 127,183,560 | (3,782,508 | ) | ||||||||||||||
| Futures Contracts—Short |
||||||||||||||||||||
| Canada Government Bond 10 Year Futures |
12/20/21 | (104 | ) | CAD | (14,887,600 | ) | 81,361 | |||||||||||||
| Euro STOXX 50 Index Futures |
12/17/21 | (3,951 | ) | EUR | (159,936,480 | ) | 5,569,141 | |||||||||||||
| Euro-Bund 10 Year Futures |
12/08/21 | (265 | ) | EUR | (45,002,300 | ) | 753,568 | |||||||||||||
| FTSE 100 Index Futures |
12/17/21 | (913 | ) | GBP | (64,581,055 | ) | (282,463 | ) | ||||||||||||
| Japanese Government 10 Year Bond Futures |
12/13/21 | (76 | ) | JPY | (11,504,120,000 | ) | 179,793 | |||||||||||||
| MSCI Singapore Index Futures |
10/28/21 | (150 | ) | SGD | (5,302,500 | ) | 2,725 | |||||||||||||
| SPI 200 Index Futures |
12/16/21 | (619 | ) | AUD | (112,859,175 | ) | 871,214 | |||||||||||||
| TOPIX Index Futures |
12/09/21 | (447 | ) | JPY | (9,076,335,000 | ) | (163,601 | ) | ||||||||||||
| U.S. Treasury Note 10 Year Futures |
12/21/21 | (1,249 | ) | USD | (164,380,109 | ) | 1,370,696 | |||||||||||||
| United Kingdom Long Gilt Bond Futures |
12/29/21 | (197 | ) | GBP | (24,654,550 | ) | 768,544 | |||||||||||||
|
|
|
|||||||||||||||||||
| Net Unrealized Depreciation |
|
$ | (18,927,257 | ) | ||||||||||||||||
|
|
|
|||||||||||||||||||
Swap Agreements
Centrally Cleared Interest Rate Swaps
| Pay/Receive Floating Rate |
Floating Rate Index |
Payment |
Fixed Rate |
Payment |
Maturity Date |
Notional Amount |
Market Value |
Upfront Premiums Paid/(Received) |
Unrealized Appreciation/ (Depreciation)(1) |
|||||||||||||||||||||||
| Pay |
3M LIBOR | Quarterly | 1.418% | Semi-Annually | 09/27/31 | USD | 998,220,000 | $ | (13,004,411 | ) | $ | — | $ | (13,004,411 | ) | |||||||||||||||||
|
|
|
|
|
|
|
|||||||||||||||||||||||||||
OTC Total Return Swaps
| Pay/Receive Fixed Rate |
Fixed |
Payment |
Maturity Date |
Counterparty |
Underlying Reference Instrument |
Notional Amount | Market Value |
Upfront Premium Paid/(Received) |
Unrealized Appreciation/ (Depreciation)(1) |
|||||||||||||||||||||||
| Pay |
0.120% | Quarterly | 12/15/21 | MSC | Bloomberg Commodity Index | USD | 63,877,433 | $ | 624,868 | $ | — | $ | 624,868 | |||||||||||||||||||
|
|
|
|
|
|
|
|||||||||||||||||||||||||||
| (1) | There is no upfront payment premium paid or (received) therefore the market value equals unrealized appreciation. | |||
Glossary of Abbreviations
Counterparties
| (BBP)— | Barclays Bank plc | |||
| (BNP)— | BNP Paribas S.A. | |||
| (BOA)— | Bank of America N.A. | |||
| (CBNA)— | Citibank N.A. | |||
| (GSBU)— | Goldman Sachs Bank USA | |||
| (HSBCU)— | HSBC Bank USA | |||
| (JPMC)— | JPMorgan Chase Bank N.A. | |||
| (MSC)— | Morgan Stanley & Co. | |||
| (MSIP)— | Morgan Stanley & Co. International plc | |||
| (SCB)— | Standard Chartered Bank | |||
| (SG)— | Societe Generale | |||
| (SSBT)— | State Street Bank and Trust Co. | |||
| (UBSA)— | UBS AG | |||
Currencies
| (AUD)— | Australian Dollar | |||
| (CAD)— | Canadian Dollar | |||
| (CHF)— | Swiss Franc | |||
| (DKK)— | Danish Krone | |||
| (EUR)— | Euro | |||
| (GBP)— | British Pound | |||
| (HKD)— | Hong Kong Dollar | |||
| (JPY)— | Japanese Yen | |||
| (MXN)— | Mexican Peso | |||
| (NOK)— | Norwegian Krone | |||
| (NZD)— | New Zealand Dollar | |||
| (PLN)— | Polish Zloty | |||
| (SEK)— | Swedish Krona | |||
| (SGD)— | Singapore Dollar | |||
| (USD)— | United States Dollar | |||
Index Abbreviations
| (BSBY)— | Bloomberg Short-Term Bank Yield Index | |||
| (LIBOR)— | London Interbank Offered Rate | |||
| (OBFR)— | U.S. Overnight Bank Funding Rate | |||
Other Abbreviations
| (ADR)— | American Depositary Receipt | |||
| (ETF)— | Exchange-Traded Fund | |||
| (REIT)— | Real Estate Investment Trust |
BHFTI-24
Brighthouse Funds Trust I
AB Global Dynamic Allocation Portfolio
Consolidated Schedule of Investments as of September 30, 2021 (Unaudited)
Fair Value Hierarchy
Accounting principles generally accepted in the United States of America (“GAAP”) define fair market value as the price that the Portfolio would receive to sell an asset or pay to transfer a liability in an orderly transaction between market participants at the measurement date. It establishes a fair value hierarchy that prioritizes inputs to valuation methods and requires disclosure of the fair value hierarchy, separately for each major category of assets and liabilities, that segregates fair value measurements into three levels. Levels 1, 2 and 3 of the fair value hierarchy are defined as follows:
Level 1 - unadjusted quoted prices in active markets for identical investments
Level 2 - other significant observable inputs (including, but not limited to, quoted prices for similar assets or liabilities in markets that are either active or inactive; inputs other than quoted prices that are observable such as interest rates, yield curves, volatilities, prepayment speeds, loss severities, credit risks, default rates, or other market corroborated inputs)
Level 3 - significant unobservable inputs based on the best information available in the circumstances, to the extent observable inputs are unavailable (including the Portfolio’s own assumptions used in determining the fair value of investments and derivative financial instruments)
The inputs or methodologies used for valuing investments are not necessarily an indication of the risk associated with investing in them. Changes to the inputs or methodologies used may result in transfers between levels. A reconciliation of Level 3 securities, if any, will be disclosed following the fair value hierarchy table. For more information about the Portfolio’s policy regarding the valuation of investments, please refer to the Notes to Schedule of Investments.
The following table summarizes the fair value hierarchy of the Portfolio’s investments as of September 30, 2021:
| Description | Level 1 | Level 2 | Level 3 | Total | ||||||||||||
| Common Stocks |
| |||||||||||||||
| Aerospace & Defense |
$ | 14,652,659 | $ | 12,079,763 | $ | — | $ | 26,732,422 | ||||||||
| Air Freight & Logistics |
5,834,910 | 8,217,762 | — | 14,052,672 | ||||||||||||
| Airlines |
2,505,115 | 1,130,948 | — | 3,636,063 | ||||||||||||
| Auto Components |
1,435,277 | 8,874,586 | — | 10,309,863 | ||||||||||||
| Automobiles |
20,362,589 | 30,533,702 | — | 50,896,291 | ||||||||||||
| Banks |
43,065,653 | 90,616,488 | 0 | 133,682,141 | ||||||||||||
| Beverages |
14,114,330 | 20,655,457 | — | 34,769,787 | ||||||||||||
| Biotechnology |
18,711,739 | 9,286,835 | — | 27,998,574 | ||||||||||||
| Building Products |
4,823,799 | 13,136,068 | — | 17,959,867 | ||||||||||||
| Capital Markets |
29,616,376 | 29,130,215 | — | 58,746,591 | ||||||||||||
| Chemicals |
16,612,608 | 36,815,947 | — | 53,428,555 | ||||||||||||
| Commercial Services & Supplies |
4,113,804 | 3,697,659 | — | 7,811,463 | ||||||||||||
| Communications Equipment |
8,260,390 | 3,909,601 | — | 12,169,991 | ||||||||||||
| Construction & Engineering |
422,841 | 7,711,820 | — | 8,134,661 | ||||||||||||
| Construction Materials |
1,170,116 | 5,547,574 | — | 6,717,690 | ||||||||||||
| Consumer Finance |
6,540,718 | 89,481 | — | 6,630,199 | ||||||||||||
| Containers & Packaging |
3,229,139 | 801,688 | — | 4,030,827 | ||||||||||||
| Distributors |
1,295,410 | — | — | 1,295,410 | ||||||||||||
| Diversified Financial Services |
13,529,909 | 8,152,140 | — | 21,682,049 | ||||||||||||
| Diversified Telecommunication Services |
11,465,170 | 19,555,882 | — | 31,021,052 | ||||||||||||
| Electric Utilities |
15,306,400 | 18,873,327 | — | 34,179,727 | ||||||||||||
| Electrical Equipment |
5,466,381 | 20,122,314 | — | 25,588,695 | ||||||||||||
| Electronic Equipment, Instruments & Components |
6,582,014 | 19,231,877 | — | 25,813,891 | ||||||||||||
| Energy Equipment & Services |
2,170,569 | 310,742 | — | 2,481,311 | ||||||||||||
| Entertainment |
21,490,299 | 6,315,447 | — | 27,805,746 | ||||||||||||
| Equity Real Estate Investment Trusts |
143,002,178 | 57,749,918 | — | 200,752,096 | ||||||||||||
| Food & Staples Retailing |
13,351,460 | 15,536,938 | — | 28,888,398 | ||||||||||||
| Food Products |
8,515,300 | 34,042,595 | — | 42,557,895 | ||||||||||||
| Gas Utilities |
308,259 | 4,072,953 | — | 4,381,212 | ||||||||||||
| Health Care Equipment & Supplies |
36,921,391 | 23,202,539 | — | 60,123,930 | ||||||||||||
| Health Care Providers & Services |
24,877,935 | 4,793,758 | 0 | 29,671,693 | ||||||||||||
| Health Care Technology |
557,108 | 1,965,498 | — | 2,522,606 | ||||||||||||
| Hotels, Restaurants & Leisure |
20,397,154 | 15,473,687 | — | 35,870,841 | ||||||||||||
| Household Durables |
3,788,667 | 15,574,974 | — | 19,363,641 | ||||||||||||
| Household Products |
13,055,007 | 6,727,368 | — | 19,782,375 | ||||||||||||
| Independent Power and Renewable Electricity Producers |
406,716 | 952,275 | — | 1,358,991 | ||||||||||||
| Industrial Conglomerates |
10,913,215 | 16,571,227 | — | 27,484,442 | ||||||||||||
| Insurance |
18,785,221 | 50,841,729 | — | 69,626,950 | ||||||||||||
| Interactive Media & Services |
65,718,838 | 3,401,302 | — | 69,120,140 | ||||||||||||
| Internet & Direct Marketing Retail |
40,200,978 | 9,992,110 | — | 50,193,088 | ||||||||||||
| IT Services |
48,540,138 | 19,049,879 | — | 67,590,017 | ||||||||||||
| Leisure Products |
308,255 | 2,805,667 | — | 3,113,922 | ||||||||||||
BHFTI-25
Brighthouse Funds Trust I
AB Global Dynamic Allocation Portfolio
Consolidated Schedule of Investments as of September 30, 2021 (Unaudited)
Fair Value Hierarchy—(Continued)
| Description | Level 1 | Level 2 | Level 3 | Total | ||||||||||||
| Life Sciences Tools & Services |
$ | 13,555,335 | $ | 6,262,312 | $ | — | $ | 19,817,647 | ||||||||
| Machinery |
15,089,813 | 32,753,090 | — | 47,842,903 | ||||||||||||
| Marine |
— | 3,755,186 | — | 3,755,186 | ||||||||||||
| Media |
12,178,222 | 5,385,696 | — | 17,563,918 | ||||||||||||
| Metals & Mining |
3,209,850 | 29,797,203 | — | 33,007,053 | ||||||||||||
| Multi-Utilities |
7,150,709 | 8,943,520 | — | 16,094,229 | ||||||||||||
| Multiline Retail |
4,958,024 | 4,641,031 | — | 9,599,055 | ||||||||||||
| Oil, Gas & Consumable Fuels |
24,685,936 | 35,965,690 | — | 60,651,626 | ||||||||||||
| Paper & Forest Products |
— | 3,359,898 | — | 3,359,898 | ||||||||||||
| Personal Products |
1,859,566 | 20,153,310 | — | 22,012,876 | ||||||||||||
| Pharmaceuticals |
35,712,702 | 85,436,060 | — | 121,148,762 | ||||||||||||
| Professional Services |
4,238,613 | 18,374,733 | — | 22,613,346 | ||||||||||||
| Real Estate Management & Development |
2,506,598 | 47,262,100 | — | 49,768,698 | ||||||||||||
| Road & Rail |
8,539,231 | 7,030,619 | — | 15,569,850 | ||||||||||||
| Semiconductors & Semiconductor Equipment |
54,592,892 | 33,996,263 | — | 88,589,155 | ||||||||||||
| Software |
91,793,145 | 16,718,463 | — | 108,511,608 | ||||||||||||
| Specialty Retail |
21,738,558 | 9,095,608 | — | 30,834,166 | ||||||||||||
| Technology Hardware, Storage & Peripherals |
62,256,087 | 5,535,978 | — | 67,792,065 | ||||||||||||
| Textiles, Apparel & Luxury Goods |
6,521,112 | 32,325,074 | — | 38,846,186 | ||||||||||||
| Tobacco |
6,194,737 | 8,335,742 | — | 14,530,479 | ||||||||||||
| Trading Companies & Distributors |
1,933,414 | 15,333,650 | — | 17,267,064 | ||||||||||||
| Transportation Infrastructure |
— | 4,891,790 | — | 4,891,790 | ||||||||||||
| Water Utilities |
819,168 | 1,074,514 | — | 1,893,682 | ||||||||||||
| Wireless Telecommunication Services |
2,003,277 | 13,276,143 | — | 15,279,420 | ||||||||||||
| Total Common Stocks |
1,103,963,024 | 1,107,255,413 | 0 | 2,211,218,437 | ||||||||||||
| Total U.S. Treasury & Government Agencies* |
— | 1,145,606,169 | — | 1,145,606,169 | ||||||||||||
| Total Foreign Government* |
— | 455,150,672 | — | 455,150,672 | ||||||||||||
| Total Preferred Stocks* |
— | 6,087,310 | — | 6,087,310 | ||||||||||||
| Total Mutual Funds* |
290,621 | — | — | 290,621 | ||||||||||||
| Rights |
| |||||||||||||||
| Airlines |
49,915 | — | — | 49,915 | ||||||||||||
| Multi-Utilities |
— | 27,596 | — | 27,596 | ||||||||||||
| Total Rights |
49,915 | 27,596 | — | 77,511 | ||||||||||||
| Total Short-Term Investment* |
— | 33,462,759 | — | 33,462,759 | ||||||||||||
| Securities Lending Reinvestments |
| |||||||||||||||
| Certificates of Deposit |
— | 92,001,262 | — | 92,001,262 | ||||||||||||
| Commercial Paper |
— | 9,996,607 | — | 9,996,607 | ||||||||||||
| Repurchase Agreements |
— | 191,744,206 | — | 191,744,206 | ||||||||||||
| Time Deposits |
— | 24,200,000 | — | 24,200,000 | ||||||||||||
| Mutual Funds |
5,000,000 | — | — | 5,000,000 | ||||||||||||
| Total Securities Lending Reinvestments |
5,000,000 | 317,942,075 | — | 322,942,075 | ||||||||||||
| Total Investments |
$ | 1,109,303,560 | $ | 3,065,531,994 | $ | 0 | $ | 4,174,835,554 | ||||||||
| Collateral for Securities Loaned (Liability) |
$ | — | $ | (322,927,463 | ) | $ | — | $ | (322,927,463 | ) | ||||||
| Forward Contracts |
| |||||||||||||||
| Forward Foreign Currency Exchange Contracts (Unrealized Appreciation) |
$ | — | $ | 25,284,855 | $ | — | $ | 25,284,855 | ||||||||
| Forward Foreign Currency Exchange Contracts (Unrealized Depreciation) |
— | (6,752,034 | ) | — | (6,752,034 | ) | ||||||||||
| Total Forward Contracts |
$ | — | $ | 18,532,821 | $ | — | $ | 18,532,821 | ||||||||
| Futures Contracts |
| |||||||||||||||
| Futures Contracts (Unrealized Appreciation) |
$ | 9,823,028 | $ | — | $ | — | $ | 9,823,028 | ||||||||
| Futures Contracts (Unrealized Depreciation) |
(28,750,285 | ) | — | — | (28,750,285 | ) | ||||||||||
| Total Futures Contracts |
$ | (18,927,257 | ) | $ | — | $ | — | $ | (18,927,257 | ) | ||||||
| Centrally Cleared Swap Contracts |
| |||||||||||||||
| Centrally Cleared Swap Contracts (Unrealized Depreciation) |
$ | — | $ | (13,004,411 | ) | $ | — | $ | (13,004,411 | ) | ||||||
| OTC Swap Contracts |
| |||||||||||||||
| OTC Swap Contracts at Value (Assets) |
$ | — | $ | 624,868 | $ | — | $ | 624,868 | ||||||||
| * | See Consolidated Schedule of Investments for additional detailed categorizations. | |||
Level 3 investments at the beginning and/or end of the period in relation to net assets were not significant and accordingly, a reconciliation of Level 3 assets for the period ended September 30, 2021 is not presented.
BHFTI-26
Brighthouse Funds Trust I
AB International Bond Portfolio
Schedule of Investments as of September 30, 2021 (Unaudited)
Foreign Government—60.9% of Net Assets
| Security Description | Principal Amount* |
Value | ||||||
| Banks—0.1% | ||||||||
| Development Bank of Japan, Inc. |
828,000 | $ | 966,418 | |||||
|
|
|
|||||||
| Regional Government—0.1% | ||||||||
| Japan Finance Organization for Municipalities |
980,000 | 1,141,327 | ||||||
|
|
|
|||||||
| Sovereign—60.7% | ||||||||
| Angolan Government International Bonds |
670,000 | 679,809 | ||||||
| 9.125%, 11/26/49 |
2,991,000 | 3,034,788 | ||||||
| 9.375%, 05/08/48 |
3,716,000 | 3,829,561 | ||||||
| Argentine Republic Government International Bonds |
8,710,888 | 3,194,457 | ||||||
| 1.000%, 07/09/29 |
1,532,610 | 582,407 | ||||||
| 1.125%, 07/09/35 (a) |
19,992,259 | 6,538,668 | ||||||
| 2.000%, 01/09/38 (a) |
1,965,508 | 762,204 | ||||||
| Australia Government Bonds |
3,360,000 | 2,395,657 | ||||||
| 2.500%, 09/20/30 (AUD) (b) |
3,875,000 | 4,455,143 | ||||||
| 2.750%, 06/21/35 (AUD) |
5,614,000 | 4,544,449 | ||||||
| 3.000%, 03/21/47 (AUD) |
6,370,000 | 5,185,111 | ||||||
| Bahrain Government International Bonds |
2,374,000 | 2,350,260 | ||||||
| 6.000%, 09/19/44 |
3,381,000 | 3,106,463 | ||||||
| 6.250%, 01/25/51 |
632,000 | 579,089 | ||||||
| 7.000%, 10/12/28 |
1,187,000 | 1,296,798 | ||||||
| 7.375%, 05/14/30 (144A) |
712,000 | 788,540 | ||||||
| Bonos Obligation Del Estado |
5,634,000 | 6,436,735 | ||||||
| Bundesrepublik Deutschland Bundesanleihe |
6,581,000 | 7,816,438 | ||||||
| Zero Coupon, 08/15/50 (EUR) |
5,000,000 | 5,405,185 | ||||||
| 4.250%, 07/04/39 (EUR) |
2,765,000 | 5,603,652 | ||||||
| 4.750%, 07/04/34 (EUR) |
1,775,000 | 3,355,816 | ||||||
| Canada Housing Trust |
5,875,000 | 4,765,494 | ||||||
| 1.950%, 12/15/25 (144A) (CAD) |
7,160,000 | 5,831,279 | ||||||
| Canadian Government Bonds |
2,990,000 | 2,279,491 | ||||||
| 0.500%, 09/01/25 (CAD) |
3,040,000 | 2,357,092 | ||||||
| 1.000%, 09/01/26 (CAD) |
6,035,000 | 4,737,423 | ||||||
| Colombia Government International Bonds |
1,628,000 | 1,523,857 | ||||||
| 3.250%, 04/22/32 |
3,741,000 | 3,488,557 | ||||||
| 3.875%, 04/25/27 |
4,591,000 | 4,757,975 | ||||||
| 5.000%, 06/15/45 |
1,296,000 | 1,263,133 | ||||||
| 6.125%, 01/18/41 |
1,296,000 | 1,423,436 | ||||||
| Colombian TES |
7,353,600,000 | 1,816,442 | ||||||
| Commonwealth of Bahamas |
1,858,000 | 1,746,520 | ||||||
| Dominican Republic International Bonds |
605,000 | 617,106 | ||||||
| 5.875%, 04/18/24 |
1,530,000 | 1,618,740 | ||||||
| 5.875%, 01/30/60 (144A) |
1,084,000 | 1,060,705 | ||||||
| Sovereign—(Continued) | ||||||||
| Dominican Republic International Bonds |
150,000 | 146,777 | ||||||
| 5.950%, 01/25/27 |
1,746,000 | 1,964,267 | ||||||
| 6.400%, 06/05/49 |
255,000 | 269,920 | ||||||
| 6.500%, 02/15/48 |
3,284,000 | 3,508,987 | ||||||
| Ecuador Government International Bonds |
711,514 | 379,778 | ||||||
| 0.500%, 07/31/40 (144A) (a) |
2,169,604 | 1,261,104 | ||||||
| 1.000%, 07/31/35 (a) |
1,284,768 | 846,354 | ||||||
| 1.000%, 07/31/35 (144A) (a) |
3,232,778 | 2,129,625 | ||||||
| 5.000%, 07/31/30 (a) |
1,533,352 | 1,288,031 | ||||||
| 5.000%, 07/31/30 (144A) (a) |
2,629,428 | 2,208,746 | ||||||
| Egypt Government International Bonds |
1,031,000 | 969,140 | ||||||
| 5.625%, 04/16/30 (EUR) |
1,145,000 | 1,266,308 | ||||||
| 5.875%, 02/16/31 (144A) (c) |
910,000 | 836,081 | ||||||
| 5.875%, 02/16/31 |
603,000 | 554,018 | ||||||
| 7.053%, 01/15/32 |
577,000 | 558,744 | ||||||
| 7.300%, 09/30/33 (144A) |
1,048,000 | 1,017,398 | ||||||
| 7.500%, 01/31/27 |
1,320,000 | 1,394,395 | ||||||
| 7.500%, 02/16/61 (144A) |
809,000 | 708,749 | ||||||
| 8.150%, 11/20/59 |
1,222,000 | 1,125,816 | ||||||
| 8.500%, 01/31/47 |
4,452,000 | 4,296,180 | ||||||
| 8.875%, 05/29/50 |
939,000 | 928,825 | ||||||
| 8.875%, 05/29/50 (144A) |
670,000 | 662,740 | ||||||
| El Salvador Government International Bonds |
692,000 | 527,657 | ||||||
| 6.375%, 01/18/27 |
1,323,000 | 982,341 | ||||||
| 7.125%, 01/20/50 (144A) |
552,000 | 379,506 | ||||||
| 7.125%, 01/20/50 |
3,835,000 | 2,636,601 | ||||||
| 7.650%, 06/15/35 |
195,000 | 140,400 | ||||||
| 7.750%, 01/24/23 |
1,785,000 | 1,503,880 | ||||||
| 8.625%, 02/28/29 |
184,000 | 140,302 | ||||||
| Finance Department Government of Sharjah |
499,000 | 443,811 | ||||||
| Finland Government Bond |
1,949,000 | 2,375,269 | ||||||
| French Republic Government Bond OAT |
1,751,000 | 1,934,556 | ||||||
| 1.000%, 05/25/27 (EUR) |
8,195,000 | 10,212,602 | ||||||
| 1.250%, 05/25/34 (EUR) |
511,900 | 660,574 | ||||||
| Gabon Government International Bond |
3,395,000 | 3,669,153 | ||||||
| Ghana Government International Bonds |
||||||||
| 7.625%, 05/16/29 |
490,000 | 465,422 | ||||||
| 7.750%, 04/07/29 (144A) |
571,000 | 543,706 | ||||||
| 7.875%, 03/26/27 |
2,105,000 | 2,054,375 | ||||||
| 7.875%, 02/11/35 |
400,000 | 359,552 | ||||||
| 7.875%, 02/11/35 (144A) |
1,374,000 | 1,235,061 | ||||||
| 8.125%, 03/26/32 |
650,000 | 614,965 | ||||||
| 8.625%, 04/07/34 (144A) |
1,196,000 | 1,136,798 | ||||||
| 8.627%, 06/16/49 |
1,887,000 | 1,688,865 | ||||||
| 8.750%, 03/11/61 (144A) |
233,000 | 207,953 | ||||||
| 8.950%, 03/26/51 |
1,985,000 | 1,808,831 | ||||||
| Guatemala Government Bond |
336,000 | 327,459 | ||||||
| Honduras Government International Bond |
1,670,000 | 1,761,867 | ||||||
BHFTI-27
Brighthouse Funds Trust I
AB International Bond Portfolio
Schedule of Investments as of September 30, 2021 (Unaudited)
Foreign Government—(Continued)
| Security Description | Principal Amount* |
Value | ||||||
| Sovereign—(Continued) | ||||||||
| Indonesia Government International Bonds |
520,000 | $ | 597,282 | |||||
| 2.850%, 02/14/30 |
1,163,000 | 1,200,577 | ||||||
| 4.125%, 01/15/25 |
3,225,000 | 3,526,731 | ||||||
| 4.200%, 10/15/50 |
1,860,000 | 2,057,317 | ||||||
| Indonesia Treasury Bond |
44,551,000,000 | 3,360,703 | ||||||
| Ireland Government Bonds |
4,462,000 | 5,071,244 | ||||||
| 1.350%, 03/18/31 (EUR) |
1,722,000 | 2,233,102 | ||||||
| Italy Buoni Poliennali Del Tesoro |
13,510,000 | 15,489,210 | ||||||
| 0.500%, 07/15/28 (144A) (EUR) |
5,578,000 | 6,475,491 | ||||||
| 0.950%, 09/15/27 (144A) (EUR) |
11,360,000 | 13,649,680 | ||||||
| 1.500%, 04/30/45 (144A) (EUR) |
2,198,000 | 2,476,800 | ||||||
| Ivory Coast Government International Bonds |
230,000 | 259,149 | ||||||
| 5.375%, 07/23/24 |
1,503,000 | 1,600,394 | ||||||
| 5.875%, 10/17/31 (144A) (EUR) |
460,000 | 555,369 | ||||||
| 5.875%, 10/17/31 (EUR) |
410,000 | 495,003 | ||||||
| 6.125%, 06/15/33 |
3,596,000 | 3,795,578 | ||||||
| 6.375%, 03/03/28 |
1,879,000 | 2,062,203 | ||||||
| 6.625%, 03/22/48 (EUR) |
401,000 | 466,259 | ||||||
| Jamaica Government International Bonds |
2,620,000 | 2,980,276 | ||||||
| 7.875%, 07/28/45 |
1,180,000 | 1,638,442 | ||||||
| Japan Government Ten Year Bonds |
1,958,900,000 | 17,730,514 | ||||||
| 0.100%, 09/20/30 (JPY) |
345,150,000 | 3,120,817 | ||||||
| 0.100%, 06/20/31 (JPY) |
677,200,000 | 6,101,280 | ||||||
| Japan Government Thirty Year Bonds |
677,800,000 | 5,703,276 | ||||||
| 0.600%, 09/20/50 (JPY) |
565,900,000 | 5,002,516 | ||||||
| Japan Government Twenty Year Bonds |
395,650,000 | 3,521,159 | ||||||
| 0.500%, 09/20/36 (JPY) |
2,751,600,000 | 25,553,944 | ||||||
| Kazakhstan Government International Bond |
1,084,000 | 1,244,562 | ||||||
| Kenya Government International Bond |
2,510,000 | 2,746,266 | ||||||
| Kingdom of Belgium Government Bond |
2,803,000 | 3,730,636 | ||||||
| Korea Treasury Bonds |
11,797,020,000 | 9,670,146 | ||||||
| 1.375%, 12/10/29 (KRW) |
6,303,790,000 | 4,982,843 | ||||||
| 1.500%, 12/10/30 (KRW) |
5,235,390,000 | 4,172,128 | ||||||
| Lebanon Government International Bonds |
6,653,000 | 1,098,543 | ||||||
| 6.200%, 02/26/25 (d) |
461,000 | 76,120 | ||||||
| 6.650%, 11/03/28 (d) |
2,006,000 | 326,890 | ||||||
| Malaysia Government Bond |
8,253,000 | 2,124,369 | ||||||
| Mexican Bonos |
116,496,800 | 5,786,208 | ||||||
| 8.000%, 11/07/47 (MXN) |
69,071,000 | 3,369,008 | ||||||
| Mexico Government International Bonds |
1,795,000 | 2,391,124 | ||||||
| Sovereign—(Continued) | ||||||||
| Mexico Government International Bonds |
1,334,000 | 1,462,918 | ||||||
| Mongolia Government International Bond |
1,034,000 | 1,085,231 | ||||||
| New Zealand Government Bond |
6,250,000 | 4,518,685 | ||||||
| Nigeria Government International Bonds |
2,080,000 | 2,085,741 | ||||||
| 6.500%, 11/28/27 |
1,546,000 | 1,602,058 | ||||||
| 7.375%, 09/28/33 (144A) |
558,000 | 562,464 | ||||||
| 7.625%, 11/28/47 |
2,673,000 | 2,576,237 | ||||||
| 7.875%, 02/16/32 |
1,673,000 | 1,737,896 | ||||||
| 8.250%, 09/28/51 (144A) |
910,000 | 916,370 | ||||||
| Oman Government International Bonds |
1,622,000 | 1,684,651 | ||||||
| 5.625%, 01/17/28 |
340,000 | 353,634 | ||||||
| 6.250%, 01/25/31 (144A) |
1,129,000 | 1,206,756 | ||||||
| 6.500%, 03/08/47 |
1,170,000 | 1,133,604 | ||||||
| 6.750%, 01/17/48 |
4,634,000 | 4,582,099 | ||||||
| Pakistan Government International Bonds |
1,144,000 | 1,149,812 | ||||||
| 7.375%, 04/08/31 |
2,481,000 | 2,474,797 | ||||||
| Panama Bonos del Tesoro |
1,759,000 | 1,772,193 | ||||||
| Panama Government International Bonds |
2,580,000 | 2,656,007 | ||||||
| 3.870%, 07/23/60 |
1,585,000 | 1,550,003 | ||||||
| 6.700%, 01/26/36 |
835,000 | 1,109,790 | ||||||
| 8.875%, 09/30/27 |
2,265,000 | 3,085,519 | ||||||
| Panama Notas del Tesoro |
1,230,000 | 1,319,790 | ||||||
| Paraguay Government International Bond |
650,000 | 733,200 | ||||||
| Peru Government Bond |
17,331,000 | 4,062,552 | ||||||
| Perusahaan Penerbit SBSN Indonesia III |
570,000 | 636,069 | ||||||
| Peruvian Government International Bonds |
810,000 | 671,061 | ||||||
| 3.750%, 03/01/30 (EUR) |
820,000 | 1,125,569 | ||||||
| Philippine Government International Bond |
1,404,000 | 1,379,293 | ||||||
| Province of Ontario Canada |
1,645,000 | 1,374,691 | ||||||
| Province of Quebec Canada |
3,225,000 | 2,724,598 | ||||||
| Qatar Government International Bonds |
1,538,000 | 1,874,422 | ||||||
| 4.500%, 04/23/28 |
3,018,000 | 3,517,594 | ||||||
| 4.817%, 03/14/49 |
980,000 | 1,258,928 | ||||||
| 5.103%, 04/23/48 |
2,151,000 | 2,851,822 | ||||||
| Republic of Austria Government Bond |
9,888,000 | 12,021,699 | ||||||
| Republic of Azerbaijan International Bond |
672,000 | 718,524 | ||||||
| Republic of South Africa Government Bond |
46,481,000 | 2,597,102 | ||||||
BHFTI-28
Brighthouse Funds Trust I
AB International Bond Portfolio
Schedule of Investments as of September 30, 2021 (Unaudited)
Foreign Government—(Continued)
| Security Description | Principal Amount* |
Value | ||||||
| Sovereign—(Continued) | ||||||||
| Republic of South Africa Government International Bonds |
316,000 | $ | 279,861 | |||||
| 5.650%, 09/27/47 |
881,000 | 837,831 | ||||||
| 5.750%, 09/30/49 |
1,601,000 | 1,524,953 | ||||||
| 8.000%, 01/31/30 (ZAR) |
156,849,220 | 9,677,385 | ||||||
| 8.750%, 02/28/48 (ZAR) |
28,425,211 | 1,553,248 | ||||||
| Russian Federal Bond - OFZ |
293,984,000 | 4,174,259 | ||||||
| Russian Foreign Bond - Eurobonds |
800,000 | 890,910 | ||||||
| 5.250%, 06/23/47 |
5,600,000 | 7,091,280 | ||||||
| 5.625%, 04/04/42 |
200,000 | 258,894 | ||||||
| Saudi Government International Bonds |
689,000 | 737,453 | ||||||
| 5.250%, 01/16/50 |
1,357,000 | 1,755,062 | ||||||
| Senegal Government International Bonds |
599,000 | 623,706 | ||||||
| 6.750%, 03/13/48 |
2,204,000 | 2,224,651 | ||||||
| Serbia International Bond |
385,000 | 360,082 | ||||||
| Sri Lanka Government International Bonds |
1,370,000 | 854,113 | ||||||
| 7.850%, 03/14/29 |
756,000 | 457,818 | ||||||
| Thailand Government Bond |
92,220,000 | 2,973,757 | ||||||
| Turkey Government International Bonds |
1,231,000 | 1,188,727 | ||||||
| 4.875%, 04/16/43 |
5,286,000 | 4,106,693 | ||||||
| Ukraine Government International Bonds |
3,090,000 | 3,370,523 | ||||||
| 6.750%, 06/20/26 (144A) (EUR) |
442,000 | 555,510 | ||||||
| 6.876%, 05/21/29 (144A) |
1,073,000 | 1,087,410 | ||||||
| 7.375%, 09/25/32 |
1,234,000 | 1,263,320 | ||||||
| 7.750%, 09/01/24 |
4,083,000 | 4,425,074 | ||||||
| 7.750%, 09/01/26 |
1,945,000 | 2,109,037 | ||||||
| 9.750%, 11/01/28 |
320,000 | 375,264 | ||||||
| United Kingdom Gilt |
4,080,000 | 5,374,943 | ||||||
| 1.250%, 07/31/51 (GBP) |
1,450,000 | 1,879,848 | ||||||
| 1.750%, 09/07/37 (GBP) |
4,413,590 | 6,327,396 | ||||||
| Uruguay Government International Bonds |
676,097 | 781,724 | ||||||
| 4.975%, 04/20/55 |
592,005 | 740,586 | ||||||
| Zambia Government International Bond |
4,053,000 | 3,126,071 | ||||||
|
|
|
|||||||
| 506,965,896 | ||||||||
|
|
|
|||||||
| Total Foreign Government |
509,073,641 | |||||||
|
|
|
|||||||
| Corporate Bonds & Notes—28.5% |
| |||||||
| Aerospace/Defense—0.5% | ||||||||
| Bombardier, Inc. |
1,000,000 | 1,021,220 | ||||||
| Aerospace/Defense—(Continued) | ||||||||
| Embraer Netherlands Finance B.V. |
1,342,000 | 1,427,566 | ||||||
| 6.950%, 01/17/28 (144A) |
802,000 | 910,911 | ||||||
| 6.950%, 01/17/28 |
396,000 | 449,777 | ||||||
| TransDigm, Inc. |
570,000 | 594,225 | ||||||
|
|
|
|||||||
| 4,403,699 | ||||||||
|
|
|
|||||||
| Agriculture—0.5% | ||||||||
| Altria Group, Inc. |
1,100,000 | 1,457,382 | ||||||
| BAT Capital Corp. |
600,000 | 687,006 | ||||||
| BAT International Finance plc |
305,000 | 519,104 | ||||||
| Imperial Brands Finance Netherlands B.V. |
1,001,000 | 1,154,307 | ||||||
|
|
|
|||||||
| 3,817,799 | ||||||||
|
|
|
|||||||
| Apparel—0.1% | ||||||||
| Levi Strauss & Co. |
915,000 | 1,087,825 | ||||||
|
|
|
|||||||
| Auto Manufacturers—0.5% | ||||||||
| BMW Finance NV |
935,000 | 1,129,802 | ||||||
| Dongfeng Motor Hong Kong International Co., Ltd. |
337,000 | 390,403 | ||||||
| Harley-Davidson Financial Services, Inc. |
291,000 | 309,005 | ||||||
| Volkswagen International Finance NV |
800,000 | 953,732 | ||||||
| 1.875%, 03/30/27 (EUR) |
600,000 | 752,191 | ||||||
| Volkswagen Leasing GmbH |
780,000 | 928,540 | ||||||
|
|
|
|||||||
| 4,463,673 | ||||||||
|
|
|
|||||||
| Auto Parts & Equipment—0.1% | ||||||||
| Schaeffler AG |
700,000 | 862,405 | ||||||
| ZF Finance GmbH |
300,000 | 349,242 | ||||||
|
|
|
|||||||
| 1,211,647 | ||||||||
|
|
|
|||||||
| Banks—6.2% | ||||||||
| Banco Bilbao Vizcaya Argentaria S.A. |
900,000 | 1,085,004 | ||||||
| 5.875%, 5Y EUR Swap + 5.660%, 09/24/23 (EUR) (e) |
1,200,000 | 1,488,155 | ||||||
| Banco Nacional de Panama |
852,000 | 817,068 | ||||||
| Banco Santander S.A. |
900,000 | 1,084,851 | ||||||
| 6.750%, 5Y EUR Swap + 6.803%, 04/25/22 (EUR) (e) |
900,000 | 1,071,393 | ||||||
| Bangkok Bank PCL |
955,000 | 973,957 | ||||||
BHFTI-29
Brighthouse Funds Trust I
AB International Bond Portfolio
Schedule of Investments as of September 30, 2021 (Unaudited)
Corporate Bonds & Notes—(Continued)
| Security Description | Principal Amount* |
Value | ||||||
| Banks—(Continued) | ||||||||
| Bank of America Corp. |
1,464,000 | $ | 1,815,580 | |||||
| BNP Paribas S.A. |
795,000 | 1,154,761 | ||||||
| CaixaBank S.A. |
1,000,000 | 1,161,512 | ||||||
| Citigroup, Inc. |
1,290,000 | 1,570,410 | ||||||
| 1.750%, 10/23/26 (GBP) |
605,000 | 826,337 | ||||||
| Commonwealth Bank of Australia |
955,000 | 1,158,405 | ||||||
| Cooperatieve Rabobank UA |
400,000 | 477,980 | ||||||
| 4.375%, 5Y EUR Swap + 4.679%, 06/29/27 (EUR) (e) |
600,000 | 771,453 | ||||||
| 4.625%, 05/23/29 (GBP) |
625,000 | 985,406 | ||||||
| Credit Suisse Group AG |
1,265,000 | 1,507,106 | ||||||
| 2.750%, 08/08/25 (GBP) |
535,000 | 752,362 | ||||||
| 7.500%, 5Y USD Swap + 4.598%, 12/11/23 (144A) (e) |
1,003,000 | 1,095,777 | ||||||
| Danske Bank A/S |
1,175,000 | 1,359,863 | ||||||
| Deutsche Bank AG |
800,000 | 1,141,088 | ||||||
| Dexia Credit Local S.A. |
3,000,000 | 3,557,269 | ||||||
| DNB Boligkreditt |
433,000 | 518,739 | ||||||
| Goldman Sachs Group, Inc. (The) |
900,000 | 1,075,813 | ||||||
| 3.375%, 03/27/25 (EUR) |
400,000 | 516,437 | ||||||
| 5.300%, 3M LIBOR + 3.834%, 11/10/26 (c) (e) |
58,000 | 63,957 | ||||||
| HSBC Holdings plc |
1,414,000 | 1,765,677 | ||||||
| 6.375%, 5Y USD ICE Swap + 4.368%, 03/30/25 (e) |
891,000 | 972,455 | ||||||
| ING Groep NV |
1,100,000 | 1,583,198 | ||||||
| 6.500%, 5Y USD Swap + 4.446%, 04/16/25 (c) (e) |
201,000 | 221,824 | ||||||
| 6.750%, 5Y USD ICE Swap + 4.204%, 04/16/24 (e) |
2,500,000 | 2,721,875 | ||||||
| 6.875%, 5Y USD ICE Swap + 5.124%, 04/16/22 (e) |
820,000 | 841,343 | ||||||
| Intesa Sanpaolo S.p.A. |
870,000 | 1,139,258 | ||||||
| JPMorgan Chase & Co. |
1,400,000 | 1,684,702 | ||||||
| Kreditanstalt fuer Wiederaufbau |
605,000 | 707,137 | ||||||
| Lloyds Banking Group plc |
1,045,000 | 1,169,094 | ||||||
| Morgan Stanley |
1,385,000 | 1,612,336 | ||||||
| 0.497%, 3M EURIBOR + 0.720%, 02/07/31 (EUR) (e) |
500,000 | 568,965 | ||||||
| 1.342%, 3M EURIBOR + 0.834%, 10/23/26 (EUR) (e) |
434,000 | 527,069 | ||||||
| Natwest Group plc |
900,000 | 1,092,114 | ||||||
| 2.452%, 3M LIBOR + 2.320%, 09/30/27 (c) (e) |
1,300,000 | 1,292,642 | ||||||
| Banks—(Continued) | ||||||||
| Raiffeisen Bank International AG |
400,000 | 464,114 | ||||||
| Societe Generale S.A. |
1,060,000 | 1,168,109 | ||||||
| Standard Chartered plc |
1,000,000 | 970,000 | ||||||
| Swedbank AB |
800,000 | 814,000 | ||||||
| Truist Financial Corp. |
880,000 | 1,011,560 | ||||||
| Turkiye Vakiflar Bankasi TAO |
294,000 | 298,630 | ||||||
| UniCredit S.p.A. |
1,205,000 | 1,428,809 | ||||||
|
|
|
|||||||
| 52,085,594 | ||||||||
|
|
|
|||||||
| Beverages—0.1% | ||||||||
| Central American Bottling Corp. |
826,000 | 850,780 | ||||||
|
|
|
|||||||
| Building Materials—0.2% | ||||||||
| Cemex S.A.B. de C.V. |
730,000 | 730,438 | ||||||
| 5.125%, 5Y H15 + 4.534%, 06/08/26 (144A) (e) |
538,000 | 547,958 | ||||||
| 7.375%, 06/05/27 (144A) |
267,000 | 295,767 | ||||||
|
|
|
|||||||
| 1,574,163 | ||||||||
|
|
|
|||||||
| Chemicals—0.3% | ||||||||
| Alpek S.A.B. de C.V. |
303,000 | 306,033 | ||||||
| Braskem Idesa SAPI |
783,000 | 830,380 | ||||||
| Braskem Netherlands Finance B.V. |
253,000 | 268,787 | ||||||
| INEOS Quattro Finance 2 plc |
940,000 | 1,098,346 | ||||||
| Olympus Water U.S. Holding Corp. |
198,000 | 229,399 | ||||||
|
|
|
|||||||
| 2,732,945 | ||||||||
|
|
|
|||||||
| Coal—0.1% | ||||||||
| Indika Energy Capital IV Pte, Ltd. |
789,000 | 820,560 | ||||||
|
|
|
|||||||
| Commercial Services—0.7% | ||||||||
| Autopistas del Sol S.A. |
857,954 | 894,417 | ||||||
| Bidvest Group UK plc |
660,000 | 659,538 | ||||||
| DP World Crescent, Ltd. |
576,000 | 656,369 | ||||||
| DP World plc |
302,000 | 331,004 | ||||||
BHFTI-30
Brighthouse Funds Trust I
AB International Bond Portfolio
Schedule of Investments as of September 30, 2021 (Unaudited)
Corporate Bonds & Notes—(Continued)
| Security Description | Principal Amount* |
Value | ||||||
| Commercial Services—(Continued) | ||||||||
| DP World plc |
665,000 | $ | 819,746 | |||||
| Intertrust Group B.V. |
925,000 | 1,089,742 | ||||||
| Square, Inc. |
938,000 | 950,804 | ||||||
| TransJamaican Highway, Ltd. |
764,036 | 764,036 | ||||||
|
|
|
|||||||
| 6,165,656 | ||||||||
|
|
|
|||||||
| Diversified Financial Services—0.4% | ||||||||
| Aircastle, Ltd. |
497,000 | 503,342 | ||||||
| 4.250%, 06/15/26 |
49,000 | 53,565 | ||||||
| 5.250%, 08/11/25 (144A) |
480,000 | 536,656 | ||||||
| Aviation Capital Group LLC |
214,000 | 225,422 | ||||||
| 4.375%, 01/30/24 (144A) |
459,000 | 490,092 | ||||||
| GE Capital European Funding Unlimited Co. |
300,000 | 426,133 | ||||||
| Intercorp Financial Services, Inc. |
745,000 | 752,450 | ||||||
| Intercorp Peru, Ltd. |
303,000 | 295,595 | ||||||
| 3.875%, 08/15/29 |
200,000 | 195,112 | ||||||
| Lincoln Financing Sarl |
206,000 | 240,565 | ||||||
|
|
|
|||||||
| 3,718,932 | ||||||||
|
|
|
|||||||
| Electric—4.2% | ||||||||
| Abu Dhabi National Energy Co. PJSC |
1,200,000 | 1,374,000 | ||||||
| AES Andes S.A. |
457,000 | 483,401 | ||||||
| AES Panama Generation Holdings SRL |
817,000 | 842,327 | ||||||
| Alfa Desarrollo S.p.A. |
797,000 | 777,474 | ||||||
| Cemig Geracao e Transmissao S.A. |
837,000 | 947,902 | ||||||
| Chile Electricity PEC S.p.A. |
957,000 | 782,348 | ||||||
| Colbun S.A. |
200,000 | 218,002 | ||||||
| 4.500%, 07/10/24 |
422,000 | 452,599 | ||||||
| Comision Federal de Electricidad |
1,520,000 | 1,491,515 | ||||||
| 4.677%, 02/09/51 (144A) |
485,000 | 463,175 | ||||||
| 5.000%, 09/29/36 |
790,000 | 838,494 | ||||||
| Consorcio Transmantaro S.A. |
785,000 | 870,369 | ||||||
| E.ON International Finance B.V. |
755,000 | 927,379 | ||||||
| EDP Finance B.V. |
1,200,000 | 1,404,059 | ||||||
| Empresas Publicas de Medellin E.S.P. |
897,000 | 893,188 | ||||||
| Electric—(Continued) | ||||||||
| Enel Finance International NV |
1,580,000 | 1,820,101 | ||||||
| Enel Generacion Chile S.A. |
749,000 | 799,469 | ||||||
| Engie Energia Chile S.A. |
1,576,000 | 1,619,340 | ||||||
| Eskom Holdings SOC, Ltd. |
2,382,000 | 2,542,785 | ||||||
| 6.750%, 08/06/23 |
1,051,000 | 1,083,520 | ||||||
| 7.125%, 02/11/25 (144A) |
286,000 | 297,387 | ||||||
| 7.125%, 02/11/25 |
2,061,000 | 2,143,061 | ||||||
| Iberdrola International B.V. |
700,000 | 817,393 | ||||||
| Lamar Funding, Ltd. |
1,772,000 | 1,771,433 | ||||||
| Minejesa Capital BV |
360,000 | 380,340 | ||||||
| NextEra Energy Capital Holdings, Inc. |
267,000 | 267,168 | ||||||
| Orsted A/S |
513,000 | 612,061 | ||||||
| Perusahaan Perseroan Persero PT Perusahaan Listrik Negara |
988,000 | 1,045,996 | ||||||
| 5.450%, 05/21/28 |
1,537,000 | 1,786,762 | ||||||
| SSE plc |
1,005,000 | 1,198,007 | ||||||
| 8.375%, 11/20/28 (GBP) |
695,000 | 1,333,568 | ||||||
| Trinidad Generation UnLtd |
962,000 | 984,857 | ||||||
| Vattenfall AB |
732,000 | 913,625 | ||||||
| Zorlu Yenilenebilir Enerji AS |
1,211,000 | 1,183,874 | ||||||
|
|
|
|||||||
| 35,366,979 | ||||||||
|
|
|
|||||||
| Energy-Alternate Sources—0.2% | ||||||||
| Empresa Electrica Cochrane S.p.A. |
207,839 | 212,777 | ||||||
| 5.500%, 05/14/27 |
987,236 | 1,010,693 | ||||||
|
|
|
|||||||
| 1,223,470 | ||||||||
|
|
|
|||||||
| Engineering & Construction—0.4% | ||||||||
| Aeropuerto Internacional de Tocumen S.A. |
363,000 | 373,144 | ||||||
| 5.125%, 08/11/61 (144A) |
404,000 | 422,988 | ||||||
| Bioceanico Sovereign Certificate, Ltd. |
919,203 | 691,701 | ||||||
| Rutas 2 and 7 Finance, Ltd. |
650,000 | 482,625 | ||||||
| State Agency of Roads of Ukraine |
1,144,000 | 1,131,832 | ||||||
|
|
|
|||||||
| 3,102,290 | ||||||||
|
|
|
|||||||
BHFTI-31
Brighthouse Funds Trust I
AB International Bond Portfolio
Schedule of Investments as of September 30, 2021 (Unaudited)
Corporate Bonds & Notes—(Continued)
| Security Description | Principal Amount* |
Value | ||||||
| Food—0.1% | ||||||||
| BRF GmbH |
221,000 | $ | 227,301 | |||||
| Mondelez International, Inc. |
692,000 | 785,905 | ||||||
|
|
|
|||||||
| 1,013,206 | ||||||||
|
|
|
|||||||
| Forest Products & Paper—0.4% | ||||||||
| Inversiones CMPC S.A. |
275,000 | 290,812 | ||||||
| Suzano Austria GmbH |
1,740,000 | 1,787,415 | ||||||
| WEPA Hygieneprodukte GmbH |
197,000 | 222,536 | ||||||
| 2.875%, 12/15/27 (EUR) |
570,000 | 643,885 | ||||||
|
|
|
|||||||
| 2,944,648 | ||||||||
|
|
|
|||||||
| Gas—0.1% | ||||||||
| Grupo Energia Bogota S.A. ESP |
501,000 | 566,756 | ||||||
|
|
|
|||||||
| Healthcare-Products—0.2% | ||||||||
| Avantor Funding, Inc. |
225,000 | 266,368 | ||||||
| 2.625%, 11/01/25 (144A) (EUR) |
524,000 | 620,341 | ||||||
| Mozart Debt Merger Sub, Inc. |
685,000 | 685,000 | ||||||
|
|
|
|||||||
| 1,571,709 | ||||||||
|
|
|
|||||||
| Healthcare-Services—0.1% | ||||||||
| Centene Corp. |
413,000 | 415,065 | ||||||
| Tenet Healthcare Corp. |
288,000 | 292,320 | ||||||
|
|
|
|||||||
| 707,385 | ||||||||
|
|
|
|||||||
| Home Builders—0.1% | ||||||||
| MDC Holdings, Inc. |
771,000 | 970,689 | ||||||
|
|
|
|||||||
| Insurance—0.7% | ||||||||
| Assicurazioni Generali S.p.A. |
700,000 | 996,911 | ||||||
| CNP Assurances |
300,000 | 372,766 | ||||||
| Credit Agricole Assurances S.A. |
600,000 | 851,387 | ||||||
| Liberty Mutual Group, Inc. |
695,000 | 840,878 | ||||||
| Nationwide Mutual Insurance Co. |
567,000 | 988,260 | ||||||
| Principal Financial Group, Inc. |
300,000 | 300,698 | ||||||
| Prudential Financial, Inc. |
642,000 | 686,851 | ||||||
| Insurance—(Continued) | ||||||||
| Voya Financial, Inc. |
589,000 | 621,395 | ||||||
|
|
|
|||||||
| 5,659,146 | ||||||||
|
|
|
|||||||
| Internet—0.6% | ||||||||
| Baidu, Inc. |
473,000 | 466,604 | ||||||
| 3.075%, 04/07/25 |
284,000 | 297,897 | ||||||
| Netflix, Inc. |
300,000 | 401,368 | ||||||
| 4.625%, 05/15/29 (EUR) |
492,000 | 713,837 | ||||||
| Prosus NV |
1,951,000 | 2,024,086 | ||||||
| Weibo Corp. |
850,000 | 848,750 | ||||||
|
|
|
|||||||
| 4,752,542 | ||||||||
|
|
|
|||||||
| Investment Companies—0.8% | ||||||||
| Huarong Finance Co., Ltd. |
400,000 | 374,000 | ||||||
| 3.750%, 04/27/22 |
470,000 | 458,838 | ||||||
| 3.750%, 05/29/24 |
208,000 | 197,600 | ||||||
| 4.500%, 05/29/29 |
288,000 | 264,240 | ||||||
| Huarong Finance II Co., Ltd. |
616,000 | 586,740 | ||||||
| 4.875%, 11/22/26 |
294,000 | 283,343 | ||||||
| 5.000%, 11/19/25 |
699,000 | 679,777 | ||||||
| 5.500%, 01/16/25 |
1,457,000 | 1,438,787 | ||||||
| JAB Holdings B.V. |
900,000 | 1,065,473 | ||||||
| MDC-GMTN B.V. |
1,356,000 | 1,579,740 | ||||||
|
|
|
|||||||
| 6,928,538 | ||||||||
|
|
|
|||||||
| Iron/Steel—0.1% | ||||||||
| CSN Resources S.A. |
677,000 | 668,537 | ||||||
|
|
|
|||||||
| Leisure Time—0.1% | ||||||||
| Carnival plc |
798,000 | 716,936 | ||||||
|
|
|
|||||||
| Lodging—0.1% | ||||||||
| Las Vegas Sands Corp. |
978,000 | 996,890 | ||||||
|
|
|
|||||||
| Machinery-Diversified—0.3% | ||||||||
| Colfax Corp. |
770,000 | 898,173 | ||||||
| TK Elevator Midco GmbH |
1,000,000 | 1,209,039 | ||||||
|
|
|
|||||||
| 2,107,212 | ||||||||
|
|
|
|||||||
| Media—0.4% | ||||||||
| CCO Holdings LLC / CCO Holdings Capital Corp. |
162,000 | 167,139 | ||||||
| 4.500%, 06/01/33 (144A) |
577,000 | 587,224 | ||||||
BHFTI-32
Brighthouse Funds Trust I
AB International Bond Portfolio
Schedule of Investments as of September 30, 2021 (Unaudited)
Corporate Bonds & Notes—(Continued)
| Security Description | Principal Amount* |
Value | ||||||
| Media—(Continued) | ||||||||
| Charter Communications Operating LLC / Charter Communications Operating Capital Corp. |
107,000 | $ | 120,076 | |||||
| 5.125%, 07/01/49 |
502,000 | 590,476 | ||||||
| Discovery Communications LLC |
181,000 | 209,753 | ||||||
| 5.200%, 09/20/47 |
613,000 | 763,748 | ||||||
| 5.300%, 05/15/49 |
264,000 | 329,796 | ||||||
| Globo Comunicacao e Participacoes S.A. |
421,000 | 417,001 | ||||||
|
|
|
|||||||
| 3,185,213 | ||||||||
|
|
|
|||||||
| Mining—1.2% | ||||||||
| Cia de Minas Buenaventura SAA |
857,000 | 847,187 | ||||||
| Corp. Nacional del Cobre de Chile |
1,605,000 | 1,640,147 | ||||||
| 3.150%, 01/14/30 |
369,000 | 380,815 | ||||||
| 3.750%, 01/15/31 (144A) (c) |
203,000 | 218,377 | ||||||
| Gold Fields Orogen Holdings BVI, Ltd. |
407,000 | 438,054 | ||||||
| Indonesia Asahan Aluminium Persero PT |
534,000 | 624,112 | ||||||
| Nexa Resources S.A. |
2,560,000 | 2,810,906 | ||||||
| Vedanta Resources Finance II plc |
908,000 | 981,775 | ||||||
| Volcan Cia Minera SAA |
385,000 | 374,798 | ||||||
| 4.375%, 02/11/26 |
1,387,000 | 1,350,244 | ||||||
|
|
|
|||||||
| 9,666,415 | ||||||||
|
|
|
|||||||
| Miscellaneous Manufacturing—0.0% | ||||||||
| General Electric Co. |
111,000 | 139,129 | ||||||
|
|
|
|||||||
| Oil & Gas—5.4% | ||||||||
| BP Capital Markets plc |
875,000 | 1,097,175 | ||||||
| Devon Energy Corp. |
985,000 | 1,227,362 | ||||||
| Ecopetrol S.A. |
1,526,000 | 1,786,183 | ||||||
| 7.375%, 09/18/43 |
1,645,000 | 1,928,762 | ||||||
| Eni S.p.A. |
935,000 | 1,153,781 | ||||||
| Gran Tierra Energy International Holdings, Ltd. |
2,245,000 | 1,941,947 | ||||||
| Gran Tierra Energy, Inc. |
355,000 | 307,608 | ||||||
| 7.750%, 05/23/27 |
482,000 | 417,653 | ||||||
| KazMunayGas National Co. JSC |
1,179,000 | 1,414,659 | ||||||
| Kosmos Energy, Ltd. |
545,000 | 528,650 | ||||||
| Leviathan Bond, Ltd. |
324,995 | 352,053 | ||||||
| 6.750%, 06/30/30 (144A) |
531,793 | 587,631 | ||||||
| Oil & Gas—(Continued) | ||||||||
| Medco Oak Tree Pte, Ltd. |
622,000 | 660,875 | ||||||
| NAK Naftogaz Ukraine via Kondor Finance plc |
505,000 | 502,528 | ||||||
| Oil and Gas Holding Co. BSCC (The) |
1,830,000 | 2,001,562 | ||||||
| 7.625%, 11/07/24 |
1,079,000 | 1,182,139 | ||||||
| Pertamina Persero PT |
607,000 | 718,822 | ||||||
| 6.000%, 05/03/42 |
1,299,000 | 1,606,061 | ||||||
| 6.450%, 05/30/44 |
684,000 | 891,218 | ||||||
| 6.500%, 05/27/41 |
744,000 | 958,021 | ||||||
| Petrobras Global Finance B.V. |
888,000 | 1,119,102 | ||||||
| Petroleos Mexicanos |
666,000 | 645,620 | ||||||
| 6.500%, 03/13/27 |
2,524,000 | 2,665,622 | ||||||
| 6.750%, 09/21/47 |
2,808,000 | 2,449,039 | ||||||
| 6.840%, 01/23/30 |
1,563,000 | 1,614,407 | ||||||
| 6.950%, 01/28/60 |
4,584,000 | 4,005,958 | ||||||
| 7.690%, 01/23/50 |
1,169,000 | 1,106,926 | ||||||
| PTTEP Treasury Center Co., Ltd. |
376,000 | 393,038 | ||||||
| Qatar Petroleum |
977,000 | 986,770 | ||||||
| SEPLAT Energy plc |
966,000 | 1,005,848 | ||||||
| SierraCol Energy Andina LLC |
400,000 | 391,080 | ||||||
| Sinopec Group Overseas Development, Ltd. |
1,903,000 | 1,945,802 | ||||||
| State Oil Co. of the Azerbaijan Republic |
701,000 | 862,606 | ||||||
| Suncor Energy, Inc. |
248,000 | 344,551 | ||||||
| 6.850%, 06/01/39 |
252,000 | 363,177 | ||||||
| Tengizchevroil Finance Co. International, Ltd. |
730,000 | 739,505 | ||||||
| 3.250%, 08/15/30 (144A) |
552,000 | 559,187 | ||||||
| TotalEnergies SE |
595,000 | 690,073 | ||||||
| Tullow Oil plc |
1,440,000 | 1,503,734 | ||||||
| UGI International LLC |
510,000 | 598,957 | ||||||
|
|
|
|||||||
| 45,255,692 | ||||||||
|
|
|
|||||||
| Packaging & Containers—0.3% | ||||||||
| Ardagh Metal Packaging Finance USA LLC |
945,000 | 1,101,482 | ||||||
| 3.250%, 09/01/28 (144A) |
579,000 | 577,553 | ||||||
| Klabin Austria GmbH |
535,000 | 510,262 | ||||||
| 3.200%, 01/12/31 |
465,000 | 443,498 | ||||||
|
|
|
|||||||
| 2,632,795 | ||||||||
|
|
|
|||||||
BHFTI-33
Brighthouse Funds Trust I
AB International Bond Portfolio
Schedule of Investments as of September 30, 2021 (Unaudited)
Corporate Bonds & Notes—(Continued)
| Security Description | Principal Amount* |
Value | ||||||
| Pharmaceuticals—0.3% | ||||||||
| Bayer AG |
1,200,000 | $ | 1,406,898 | |||||
| Cheplapharm Arzneimittel GmbH |
153,000 | 179,221 | ||||||
| Grifols S.A. |
817,000 | 946,391 | ||||||
|
|
|
|||||||
| 2,532,510 | ||||||||
|
|
|
|||||||
| Pipelines—0.6% | ||||||||
| Energy Transfer L.P. |
1,050,000 | 1,379,711 | ||||||
| Oleoducto Central S.A. |
260,000 | 267,800 | ||||||
| Peru LNG Srl |
1,453,000 | 1,176,930 | ||||||
| Southern Gas Corridor CJSC |
454,000 | 534,158 | ||||||
| Transportadora de Gas Internacional S.A. ESP |
854,000 | 970,827 | ||||||
| Venture Global Calcasieu Pass LLC |
515,000 | 530,476 | ||||||
|
|
|
|||||||
| 4,859,902 | ||||||||
|
|
|
|||||||
| Real Estate—0.3% | ||||||||
| ADLER Group S.A. |
900,000 | 917,413 | ||||||
| Central China Real Estate, Ltd. |
203,000 | 123,722 | ||||||
| China Aoyuan Group, Ltd. |
216,000 | 194,930 | ||||||
| 5.880%, 03/01/27 |
203,000 | 154,636 | ||||||
| China SCE Group Holdings, Ltd. |
203,000 | 181,685 | ||||||
| KWG Group Holdings, Ltd. |
202,000 | 179,101 | ||||||
| RKPF Overseas 2019 A, Ltd. |
202,000 | 193,947 | ||||||
| Ronshine China Holdings, Ltd. |
203,000 | 138,020 | ||||||
| Sunac China Holdings, Ltd. |
202,000 | 159,176 | ||||||
| Times China Holdings, Ltd. |
203,000 | 179,695 | ||||||
| Yango Justice International, Ltd. |
203,000 | 132,031 | ||||||
| Yuzhou Group Holdings Co., Ltd. |
203,000 | 130,219 | ||||||
| Zhenro Properties Group, Ltd. |
203,000 | 171,401 | ||||||
|
|
|
|||||||
| 2,855,976 | ||||||||
|
|
|
|||||||
| Real Estate Investment Trusts—0.3% | ||||||||
| Digital Euro Finco LLC |
1,090,000 | 1,378,238 | ||||||
| Real Estate Investment Trusts—(Continued) | ||||||||
| Vornado Realty L.P. |
906,000 | 937,526 | ||||||
|
|
|
|||||||
| 2,315,764 | ||||||||
|
|
|
|||||||
| Software—0.0% | ||||||||
| Fidelity National Information Services, Inc. |
141,000 | 166,737 | ||||||
| 1.000%, 12/03/28 (EUR) |
149,000 | 177,543 | ||||||
|
|
|
|||||||
| 344,280 | ||||||||
|
|
|
|||||||
| Sovereign—0.2% | ||||||||
| CBB International Sukuk Programme Co. SPC |
1,049,000 | 1,098,827 | ||||||
| Hazine Mustesarligi Varlik Kiralama A/S |
458,000 | 452,440 | ||||||
|
|
|
|||||||
| 1,551,267 | ||||||||
|
|
|
|||||||
| Telecommunications—0.7% | ||||||||
| AT&T, Inc. |
400,000 | 468,552 | ||||||
| CK Hutchison Group Telecom Finance S.A. |
1,035,000 | 1,227,776 | ||||||
| Deutsche Telekom International Finance B.V. |
530,000 | 1,051,942 | ||||||
| Digicel Group, Ltd. |
1,935,879 | 1,935,879 | ||||||
| Xiaomi Best Time International, Ltd. |
1,074,000 | 1,064,017 | ||||||
|
|
|
|||||||
| 5,748,166 | ||||||||
|
|
|
|||||||
| Transportation—0.6% | ||||||||
| Empresa de Transporte de Pasajeros Metro S.A. |
200,000 | 216,827 | ||||||
| 5.000%, 01/25/47 |
200,000 | 239,250 | ||||||
| FedEx Corp. |
924,000 | 1,062,580 | ||||||
| InPost S.A. |
145,000 | 169,420 | ||||||
| Lima Metro Line 2 Finance, Ltd. | ||||||||
| 4.350%, 04/05/36 |
522,703 | 558,770 | ||||||
| 4.350%, 04/05/36 (144A) |
292,477 | 312,657 | ||||||
| 5.875%, 07/05/34 |
1,599,260 | 1,871,151 | ||||||
| MV24 Capital B.V. |
361,369 | 381,519 | ||||||
|
|
|
|||||||
| 4,812,174 | ||||||||
|
|
|
|||||||
| Total Corporate Bonds & Notes |
238,129,489 | |||||||
|
|
|
|||||||
| Asset-Backed Securities—2.6% |
| |||||||
| Asset-Backed - Other—2.5% | ||||||||
| Ares XXXIV CLO, Ltd. |
1,960,584 | 1,962,088 | ||||||
BHFTI-34
Brighthouse Funds Trust I
AB International Bond Portfolio
Schedule of Investments as of September 30, 2021 (Unaudited)
Asset-Backed Securities—(Continued)
| Security Description | Principal Amount* |
Value | ||||||
| Asset-Backed - Other—(Continued) | ||||||||
| Balboa Bay Loan Funding Ltd. |
1,350,416 | $ | 1,351,368 | |||||
| Black Diamond CLO, Ltd. |
2,121,980 | 2,122,076 | ||||||
| Dryden 78 CLO, Ltd. | ||||||||
| 2.084%, 3M LIBOR + 1.950%, 04/17/33 (144A) (e) |
3,000,000 | 3,004,785 | ||||||
| 3.134%, 3M LIBOR + 3.000%, 04/17/33 (144A) (e) |
272,928 | 273,420 | ||||||
| Elmwood CLO IX, Ltd. |
563,280 | 563,792 | ||||||
| Flatiron CLO 21, Ltd. | ||||||||
| 1.261%, 3M LIBOR + 1.110%, 07/19/34 (144A) (e) |
1,562,322 | 1,563,778 | ||||||
| 3.051%, 3M LIBOR + 2.900%, 07/19/34 (144A) (e) |
3,625,000 | 3,619,276 | ||||||
| Neuberger Berman CLO Ltd. |
1,374,102 | 1,374,832 | ||||||
| Octagon Investment Partners, Ltd. |
1,509,124 | 1,523,391 | ||||||
| OZLM, Ltd. |
3,000,000 | 2,998,437 | ||||||
| Pikes Peak CLO |
968,631 | 968,375 | ||||||
|
|
|
|||||||
| 21,325,618 | ||||||||
|
|
|
|||||||
| Asset-Backed - Student Loan—0.1% | ||||||||
| Nelnet Student Loan Trust |
548,158 | 540,636 | ||||||
|
|
|
|||||||
| Total Asset-Backed Securities |
21,866,254 | |||||||
|
|
|
|||||||
| U.S. Treasury & Government Agencies—2.4% |
| |||||||
| Agency Sponsored Mortgage - Backed—2.4% | ||||||||
| Connecticut Avenue Securities Trust (CMO) | ||||||||
| 2.086%, 1M LIBOR + 2.000%, 07/25/39 (144A) (e) |
72,029 | 72,211 | ||||||
| 2.186%, 1M LIBOR + 2.100%, 09/25/39 (144A) (e) |
176,415 | 176,948 | ||||||
| 2.186%, 1M LIBOR + 2.100%, 10/25/39 (144A) (e) |
148,094 | 148,827 | ||||||
| 2.236%, 1M LIBOR + 2.150%, 09/25/31 (144A) (e) |
707,526 | 711,757 | ||||||
| 2.386%, 1M LIBOR + 2.300%, 08/25/31 (144A) (e) |
680,920 | 685,550 | ||||||
| 2.486%, 1M LIBOR + 2.400%, 04/25/31 (144A) (e) |
1,221,834 | 1,227,536 | ||||||
| Fannie Mae Connecticut Avenue Securities (CMO) | ||||||||
| 2.186%, 1M LIBOR + 2.100%, 03/25/31 (e) |
2,024,913 | 2,046,468 | ||||||
| 2.336%, 1M LIBOR + 2.250%, 07/25/30 (e) |
2,130,305 | 2,158,145 | ||||||
| 2.486%, 1M LIBOR + 2.400%, 05/25/30 (e) |
2,058,139 | 2,087,934 | ||||||
| 3.736%, 1M LIBOR + 3.650%, 09/25/29 (e) |
614,181 | 639,889 | ||||||
| 10.336%, 1M LIBOR + 10.250%, 01/25/29 (e) |
477,792 | 538,538 | ||||||
| Freddie Mac STACR Trust (CMO) | ||||||||
| 1.700%, SOFR + 1.650%, 01/25/34 (144A) (e) |
278,433 | 280,708 | ||||||
| 2.036%, 1M LIBOR + 1.950%, 10/25/49 (144A) (e) |
142,629 | 143,180 | ||||||
| 2.136%, 1M LIBOR + 2.050%, 07/25/49 (144A) (e) |
107,824 | 109,059 | ||||||
| 2.386%, 1M LIBOR + 2.300%, 10/25/48 (144A) (e) |
2,000,000 | 2,026,901 | ||||||
| 2.436%, 1M LIBOR + 2.350%, 02/25/49 (144A) (e) |
304,770 | 308,118 | ||||||
| 2.736%, 1M LIBOR + 2.650%, 01/25/49 (144A) (e) |
4,433,470 | 4,500,900 | ||||||
| Freddie Mac Structured Agency Credit Risk Debt Notes (CMO) | ||||||||
| 2.736%, 1M LIBOR + 2.650%, 12/25/29 (e) |
556,795 | 569,300 | ||||||
| 5.236%, 1M LIBOR + 5.150%, 11/25/28 (e) |
1,486,134 | 1,533,752 | ||||||
|
|
|
|||||||
| Total U.S. Treasury & Government Agencies |
19,965,721 | |||||||
|
|
|
|||||||
| Mortgage-Backed Securities—2.2% |
| |||||||
| Security Description | Principal Amount* |
Value | ||||||
| Collateralized Mortgage Obligations—2.0% | ||||||||
| Bellemeade Re, Ltd. | ||||||||
| 1.050%, SOFR + 1.000%, 09/25/31 (144A) (e) |
470,651 | 472,360 | ||||||
| 1.686%, 1M LIBOR + 1.600%, 07/25/29 (144A) (e) |
766,877 | 769,092 | ||||||
| 2.586%, 1M LIBOR + 2.500%, 10/25/29 (144A) (e) |
228,716 | 230,502 | ||||||
| 2.686%, 1M LIBOR + 2.600%, 06/25/30 (144A) (e) |
134,455 | 134,489 | ||||||
| 2.936%, 1M LIBOR + 2.850%, 10/25/29 (144A) (e) |
486,000 | 488,899 | ||||||
| 3.186%, 1M LIBOR + 3.100%, 04/25/29 (144A) (e) |
750,000 | 758,475 | ||||||
| Home Re, Ltd. | ||||||||
| 3.336%, 1M LIBOR + 3.250%, 05/25/29 (144A) (e) |
1,600,000 | 1,621,455 | ||||||
| 5.336%, 1M LIBOR + 5.250%, 10/25/30 (144A) (e) |
1,300,000 | 1,351,999 | ||||||
| Mortgage Insurance-Linked Notes | ||||||||
| 1.950%, SOFR + 1.900%, 02/25/34 (144A) (e) |
642,437 | 644,024 | ||||||
| 2.986%, 1M LIBOR + 2.900%, 11/26/29 (144A) (e) |
2,443,038 | 2,443,037 | ||||||
| Oaktown Re III, Ltd. |
1,500,000 | 1,508,912 | ||||||
| PMT Credit Risk Transfer Trust | ||||||||
| 2.437%, 1M LIBOR + 2.350%, 02/27/23 (144A)† (e) |
1,202,756 | 1,206,762 | ||||||
| 2.787%, 1M LIBOR + 2.700%, 10/27/22 (144A) (e) |
40,324 | 40,544 | ||||||
| 2.837%, 1M LIBOR + 2.750%, 05/27/23 (144A) (e) |
404,875 | 400,827 | ||||||
| Radnor RE, Ltd. | ||||||||
| 2.786%, 1M LIBOR + 2.700%, 03/25/28 (144A) (e) |
1,600,000 | 1,613,086 | ||||||
| 3.286%, 1M LIBOR + 3.200%, 02/25/29 (144A) (e) |
2,751,041 | 2,778,939 | ||||||
|
|
|
|||||||
| 16,463,402 | ||||||||
|
|
|
|||||||
| Commercial Mortgage-Backed Securities—0.2% | ||||||||
| BFLD Trust |
310,000 | 310,187 | ||||||
| JPMorgan Chase Commercial Mortgage Securities Trust |
1,500,000 | 1,125,105 | ||||||
|
|
|
|||||||
| 1,435,292 | ||||||||
|
|
|
|||||||
| Total Mortgage-Backed Securities |
17,898,694 | |||||||
|
|
|
|||||||
| Short-Term Investment—1.1% |
| |||||||
| Repurchase Agreement—1.1% | ||||||||
| Fixed Income Clearing Corp. |
8,914,178 | 8,914,178 | ||||||
|
|
|
|||||||
| Total Short-Term Investments |
8,914,178 | |||||||
|
|
|
|||||||
BHFTI-35
Brighthouse Funds Trust I
AB International Bond Portfolio
Schedule of Investments as of September 30, 2021 (Unaudited)
Securities Lending Reinvestments (g)—0.6%
| Security Description | Shares/ Principal Amount* |
Value | ||||||
| Repurchase Agreements—0.5% | ||||||||
| Barclays Bank plc |
600,000 | $ | 600,000 | |||||
| BofA Securities, Inc. |
906,403 | 906,403 | ||||||
| Cantor Fitzgerald & Co. |
1,000,000 | 1,000,000 | ||||||
| CF Secured LLC |
1,000,000 | 1,000,000 | ||||||
| ING Financial Markets LLC |
1,000,000 | 1,000,000 | ||||||
|
|
|
|||||||
| 4,506,403 | ||||||||
|
|
|
|||||||
| Time Deposit—0.0% | ||||||||
| Landesbank Baden-Wuettertemberg (London) |
51,798 | 51,798 | ||||||
|
|
|
|||||||
| Mutual Funds—0.1% | ||||||||
| Goldman Sachs Financial Square Government Fund, Institutional Shares 0.030% (h) |
200,000 | 200,000 | ||||||
| SSgA Institutional U.S. Government Money Market Fund, Premier Class 0.030% (h) |
100,000 | 100,000 | ||||||
| Mutual Funds—(Continued) | ||||||||
| STIT-Government & Agency Portfolio, Institutional Class |
200,000 | 200,000 | ||||||
| Wells Fargo Government Money Market Fund, Select Class |
200,000 | 200,000 | ||||||
|
|
|
|||||||
| 700,000 | ||||||||
|
|
|
|||||||
| Total Securities Lending Reinvestments |
5,258,201 | |||||||
|
|
|
|||||||
| Total Investments—98.3% |
821,106,178 | |||||||
| Other assets and liabilities (net)—1.7% |
14,381,536 | |||||||
|
|
|
|||||||
| Net Assets—100.0% | $ | 835,487,714 | ||||||
|
|
|
|||||||
| * | Principal amount stated in U.S. dollars unless otherwise noted. | |||
| † | Restricted securities are not registered under the Securities Act of 1933 and are subject to legal restrictions on resale. These securities generally may be resold in transactions exempt from registration or to the public if the securities are subsequently registered. Disposal of these securities may involve time-consuming negotiations and prompt sale at an acceptable price may be difficult. As of September 30, 2021, the market value of restricted securities was $1,206,762, which is 0.1% of net assets. See details shown in the Restricted Securities table that follows. | |||
| (a) | Security is a “step-up” bond where coupon increases or steps up at a predetermined date. Rate shown is current coupon rate. | |||
| (b) | Principal amount of security is adjusted for inflation. | |||
| (c) | All or a portion of the security was held on loan. As of September 30, 2021, the market value of securities loaned was $7,153,345 and the collateral received consisted of cash in the amount of $5,258,201 and non-cash collateral with a value of $2,150,258. The cash collateral investments are disclosed in the Schedule of Investments and categorized as Securities Lending Reinvestments. The non-cash collateral received consists of U.S. government securities that are held in safe-keeping by the lending agent, or a third- party custodian, and cannot be sold or repledged by the Portfolio. | |||
| (d) | Non-income producing; security is in default and/or issuer is in bankruptcy. | |||
| (e) | Variable or floating rate security. The stated rate represents the rate at September 30, 2021. Maturity date shown for callable securities reflects the earliest possible call date. For securities based on a published reference index and spread, the index and spread are indicated in the description above. For certain variable rate securities, the coupon rate is determined by the issuer/agent based on current market conditions. For certain asset- and mortgage-backed securities, the coupon rate may fluctuate based on changes of the underlying collateral or prepayments of principal. These securities do not indicate a reference index and spread in their description above. | |||
| (f) | Payment-in-kind security for which part of the income earned may be paid as additional principal. | |||
| (g) | Represents investment of cash collateral received from securities on loan as of September 30, 2021. | |||
| (h) | The rate shown represents the annualized seven-day yield as of September 30, 2021. | |||
| (144A)— | Securities exempt from registration under Rule 144A of the Securities Act of 1933. These securities may be resold in transactions exempt from registration, normally to qualified institutional buyers. As of September 30, 2021, the market value of 144A securities was $215,413,659, which is 25.8% of net assets. | |||
| Restricted Securities |
Acquisition Date |
Principal Amount |
Cost | Value | ||||||||||
| PMT Credit Risk Transfer Trust, 2.437%, 02/27/23 | 02/11/20 | $1,202,756 | $ | 1,202,756 | $ | 1,206,762 | ||||||||
|
|
|
|||||||||||||
BHFTI-36
Brighthouse Funds Trust I
AB International Bond Portfolio
Schedule of Investments as of September 30, 2021 (Unaudited)
Forward Foreign Currency Exchange Contracts
| Contracts to Buy |
Counterparty |
Settlement Date |
In Exchange for |
Unrealized Appreciation/ (Depreciation) |
||||||||||||||||||
| AUD | 3,252,552 | CBNA |
11/09/21 | USD | 2,343,955 | $ | 7,824 | |||||||||||||||
| AUD | 1,062,264 | SSBT |
11/09/21 | USD | 768,652 | (575 | ) | |||||||||||||||
| CAD | 11,346,315 | BOA |
11/19/21 | USD | 8,934,916 | 22,550 | ||||||||||||||||
| EUR | 1,105,272 | CBNA |
11/08/21 | USD | 1,295,057 | (13,923 | ) | |||||||||||||||
| EUR | 1,161,590 | CBNA |
11/08/21 | USD | 1,362,682 | (16,270 | ) | |||||||||||||||
| EUR | 1,211,764 | CBNA |
11/08/21 | USD | 1,436,910 | (32,340 | ) | |||||||||||||||
| EUR | 8,576,283 | CBNA |
11/08/21 | USD | 10,152,278 | (211,411 | ) | |||||||||||||||
| EUR | 1,087,957 | HSBCU |
11/08/21 | USD | 1,279,333 | (18,270 | ) | |||||||||||||||
| EUR | 4,081,429 | JPMC |
11/08/21 | USD | 4,849,019 | (118,189 | ) | |||||||||||||||
| EUR | 1,479,460 | MSC |
11/08/21 | USD | 1,731,954 | (17,095 | ) | |||||||||||||||
| EUR | 2,525,692 | MSC |
11/08/21 | USD | 2,995,703 | (68,144 | ) | |||||||||||||||
| EUR | 1,888,557 | SCB |
11/08/21 | USD | 2,238,216 | (49,168 | ) | |||||||||||||||
| EUR | 90,508 | SSBT |
11/08/21 | USD | 106,975 | (2,067 | ) | |||||||||||||||
| EUR | 138,928 | SSBT |
11/08/21 | USD | 164,723 | (3,689 | ) | |||||||||||||||
| EUR | 150,199 | SSBT |
11/08/21 | USD | 176,324 | (2,227 | ) | |||||||||||||||
| EUR | 286,188 | SSBT |
11/08/21 | USD | 334,755 | (3,031 | ) | |||||||||||||||
| EUR | 813,437 | SSBT |
11/08/21 | USD | 959,368 | (16,504 | ) | |||||||||||||||
| EUR | 1,108,132 | SSBT |
11/08/21 | USD | 1,300,352 | (15,903 | ) | |||||||||||||||
| GBP | 415,074 | UBSA |
11/10/21 | USD | 574,164 | (14,872 | ) | |||||||||||||||
| JPY | 204,502,428 | BOA |
11/17/21 | USD | 1,861,104 | (23,081 | ) | |||||||||||||||
| JPY | 134,635,035 | CBNA |
11/17/21 | USD | 1,230,029 | (19,959 | ) | |||||||||||||||
| Contracts to Deliver |
||||||||||||||||||||||
| AUD | 1,371,413 | ANZ |
11/09/21 | USD | 993,005 | 1,395 | ||||||||||||||||
| AUD | 22,348,130 | CBNA |
11/09/21 | USD | 16,094,922 | (64,041 | ) | |||||||||||||||
| AUD | 1,373,502 | CBNA |
11/09/21 | USD | 999,912 | 6,793 | ||||||||||||||||
| AUD | 2,395,055 | DBAG |
11/09/21 | USD | 1,757,980 | 26,220 | ||||||||||||||||
| CAD | 31,275,805 | MSC |
11/19/21 | USD | 24,438,463 | (252,546 | ) | |||||||||||||||
| CAD | 11,477,042 | MSC |
11/19/21 | USD | 8,967,995 | (92,675 | ) | |||||||||||||||
| CAD | 1,895,314 | MSC |
11/19/21 | USD | 1,480,971 | (15,304 | ) | |||||||||||||||
| CNY | 37,446 | BNP |
12/09/21 | USD | 5,767 | (1 | ) | |||||||||||||||
| COP | 9,147,090,435 | MSC |
11/12/21 | USD | 2,381,435 | (14,228 | ) | |||||||||||||||
| EUR | 594,431 | BOA |
11/08/21 | USD | 700,294 | 11,282 | ||||||||||||||||
| EUR | 1,875,769 | MSC |
11/08/21 | USD | 2,218,288 | 44,064 | ||||||||||||||||
| EUR | 715,224 | MSC |
11/08/21 | USD | 848,378 | 19,354 | ||||||||||||||||
| EUR | 661,092 | MSC |
11/08/21 | USD | 784,231 | 17,952 | ||||||||||||||||
| EUR | 4,228,871 | NWM |
11/08/21 | USD | 5,028,174 | 126,442 | ||||||||||||||||
| EUR | 152,446,967 | SSBT |
11/08/21 | USD | 181,174,531 | 4,471,520 | ||||||||||||||||
| EUR | 20,305,138 | SSBT |
11/08/21 | USD | 24,131,499 | 595,583 | ||||||||||||||||
| EUR | 3,683,620 | SSBT |
11/08/21 | USD | 4,377,772 | 108,047 | ||||||||||||||||
| EUR | 1,795,892 | SSBT |
11/08/21 | USD | 2,135,085 | 53,447 | ||||||||||||||||
| EUR | 426,934 | SSBT |
11/08/21 | USD | 507,387 | 12,523 | ||||||||||||||||
| EUR | 343,048 | SSBT |
11/08/21 | USD | 405,128 | 7,496 | ||||||||||||||||
| EUR | 319,159 | SSBT |
11/08/21 | USD | 375,541 | 5,601 | ||||||||||||||||
| EUR | 203,379 | SSBT |
11/08/21 | USD | 238,693 | 2,954 | ||||||||||||||||
| EUR | 166,905 | SSBT |
11/08/21 | USD | 198,761 | 5,299 | ||||||||||||||||
| EUR | 143,927 | SSBT |
11/08/21 | USD | 169,263 | 2,436 | ||||||||||||||||
| EUR | 108,385 | SSBT |
11/08/21 | USD | 127,552 | 1,922 | ||||||||||||||||
| EUR | 104,942 | SSBT |
11/08/21 | USD | 124,089 | 2,449 | ||||||||||||||||
| EUR | 101,457 | SSBT |
11/08/21 | USD | 119,260 | 1,660 | ||||||||||||||||
| EUR | 271,505 | SSBT |
11/08/21 | USD | 314,957 | 252 | ||||||||||||||||
| EUR | 1,209,220 | UBSA |
11/08/21 | USD | 1,417,380 | 15,759 | ||||||||||||||||
| GBP | 16,001,723 | GSI |
11/10/21 | USD | 21,978,167 | 416,638 | ||||||||||||||||
| GBP | 2,798,089 | GSI |
11/10/21 | USD | 3,843,140 | 72,854 | ||||||||||||||||
| IDR | 49,486,181,576 | HSBCU |
10/15/21 | USD | 3,361,285 | (92,648 | ) | |||||||||||||||
BHFTI-37
Brighthouse Funds Trust I
AB International Bond Portfolio
Schedule of Investments as of September 30, 2021 (Unaudited)
Forward Foreign Currency Exchange Contracts—(Continued)
| Contracts to Deliver |
Counterparty |
Settlement Date |
In Exchange for |
Unrealized Appreciation/ (Depreciation) |
||||||||||||||||||
| IDR | 14,925,164,076 | HSBCU |
10/15/21 | USD | 1,013,772 | $ | (27,943 | ) | ||||||||||||||
| JPY | 7,105,317,065 | CBNA |
11/17/21 | USD | 64,900,654 | 1,039,644 | ||||||||||||||||
| JPY | 681,687,423 | SSBT |
11/17/21 | USD | 6,221,034 | 94,179 | ||||||||||||||||
| JPY | 31,438,867 | SSBT |
11/17/21 | USD | 286,785 | 4,219 | ||||||||||||||||
| KRW | 22,971,345,214 | MSC |
10/28/21 | USD | 20,143,765 | 750,495 | ||||||||||||||||
| KRW | 8,858,330 | MSC |
10/28/21 | USD | 7,768 | 289 | ||||||||||||||||
| MXN | 748,694 | SSBT |
10/28/21 | USD | 36,539 | 398 | ||||||||||||||||
| MXN | 118,724,028 | UBSA |
10/28/21 | USD | 5,792,264 | 61,167 | ||||||||||||||||
| MXN | 70,764,547 | UBSA |
10/28/21 | USD | 3,452,434 | 36,458 | ||||||||||||||||
| MYR | 9,514,791 | GSI |
12/22/21 | USD | 2,288,419 | 23,487 | ||||||||||||||||
| NZD | 6,608,131 | ANZ |
10/15/21 | USD | 4,694,456 | 132,786 | ||||||||||||||||
| RUB | 332,257,776 | DBAG |
12/15/21 | USD | 4,508,797 | 3,025 | ||||||||||||||||
| SGD | 37,824 | SSBT |
11/10/21 | USD | 27,790 | (65 | ) | |||||||||||||||
| THB | 94,869,947 | SSBT |
10/07/21 | USD | 2,905,246 | 101,418 | ||||||||||||||||
| ZAR | 147,099,063 | GSI |
11/24/21 | USD | 10,261,969 | 560,726 | ||||||||||||||||
| ZAR | 61,223,344 | MSC |
11/24/21 | USD | 4,271,089 | 233,385 | ||||||||||||||||
|
|
|
|||||||||||||||||||||
| Net Unrealized Appreciation |
|
$ | 7,895,823 | |||||||||||||||||||
|
|
|
|||||||||||||||||||||
Futures Contracts
| Futures Contracts—Long |
Expiration Date |
Number of Contracts |
Notional Value |
Value/ Unrealized Appreciation/ (Depreciation) |
||||||||||||||||
| Australian 10 Year Treasury Bond Futures |
12/15/21 | 69 | AUD | 9,761,607 | $ | (128,418 | ) | |||||||||||||
| Euro-Bund Futures |
12/08/21 | 90 | EUR | 15,283,800 | (236,395 | ) | ||||||||||||||
| Japanese Government 10 Year Bond Futures |
12/13/21 | 6 | JPY | 908,220,000 | (10,757 | ) | ||||||||||||||
| U.S. Treasury Long Bond Futures |
12/21/21 | 77 | USD | 12,259,844 | (253,869 | ) | ||||||||||||||
| U.S. Treasury Note 10 Year Futures |
12/21/21 | 152 | USD | 20,004,625 | (229,969 | ) | ||||||||||||||
| U.S. Treasury Note 5 Year Futures |
12/31/21 | 570 | USD | 69,963,047 | (460,266 | ) | ||||||||||||||
| United Kingdom Long Gilt Bond Futures |
12/29/21 | 27 | GBP | 3,379,050 | (49,101 | ) | ||||||||||||||
| Futures Contracts—Short |
||||||||||||||||||||
| Euro-Bobl Futures |
12/08/21 | (180 | ) | EUR | (24,287,400 | ) | 158,012 | |||||||||||||
| U.S. Treasury Note Ultra 10 Year Futures |
12/21/21 | (77 | ) | USD | (11,184,250 | ) | 161,151 | |||||||||||||
| U.S. Treasury Ultra Long Bond Futures |
12/21/21 | (20 | ) | USD | (3,821,250 | ) | 111,134 | |||||||||||||
|
|
|
|||||||||||||||||||
| Net Unrealized Depreciation |
|
$ | (938,478 | ) | ||||||||||||||||
|
|
|
|||||||||||||||||||
Written Options
| Interest Rate Swaptions |
Strike Rate |
Counterparty | Floating Rate Index |
Pay/Receive Floating Rate |
Expiration Date |
Number of Contracts |
Notional Amount |
Premiums Received |
Market Value |
Unrealized Appreciation/ (Depreciation) |
||||||||||||||||||||||||||||
| Put - OTC-5 Yr. IRS |
1.380 | % | MSC | 3M LIBOR | Pay | 10/20/21 | (4,426,000 | ) | USD | (4,426,000 | ) | $ | (33,549 | ) | $ | (74,557 | ) | $ | (41,008 | ) | ||||||||||||||||||
|
|
|
|
|
|
|
|||||||||||||||||||||||||||||||||
BHFTI-38
Brighthouse Funds Trust I
AB International Bond Portfolio
Schedule of Investments as of September 30, 2021 (Unaudited)
Swap Agreements
Centrally Cleared Interest Rate Swaps
| Pay/Receive |
Floating Rate Index |
Payment Frequency |
Fixed Rate |
Payment |
Maturity Date |
Notional Amount |
Market Value |
Upfront Premiums Paid/(Received) |
Unrealized Appreciation/ (Depreciation) |
|||||||||||||||||||||
| Pay |
12M CPI | Maturity | 2.348% | Maturity | 02/22/51 | USD | 2,730,000 | $ | (204,269 | ) | $ | — | $ | (204,269 | ) | |||||||||||||||
| Pay |
3M CDOR | Semi-Annually | 1.980% | Semi-Annually | 05/22/24 | CAD | 17,359,000 | 305,165 | 6 | 305,159 | ||||||||||||||||||||
| Pay |
7 Day CNRR | Quarterly | 2.855% | Quarterly | 11/22/24 | CNY | 26,130,000 | 57,870 | — | 57,870 | ||||||||||||||||||||
| Pay |
7 Day CNRR | Quarterly | 1.780% | Quarterly | 05/06/25 | CNY | 40,620,000 | (135,317 | ) | — | (135,317 | ) | ||||||||||||||||||
| Pay |
7 Day CNRR | Quarterly | 2.360% | Quarterly | 07/01/25 | CNY | 50,360,000 | (18,053 | ) | — | (18,053 | ) | ||||||||||||||||||
| Pay |
7 Day CNRR | Quarterly | 2.528% | Quarterly | 09/15/26 | CNY | 38,340,000 | 9,504 | — | 9,504 | ||||||||||||||||||||
| Pay |
7 Day CNRR | Quarterly | 2.568% | Quarterly | 07/20/25 | CNY | 79,220,000 | 61,095 | — | 61,095 | ||||||||||||||||||||
| Pay |
7 Day CNRR | Quarterly | 2.585% | Quarterly | 08/03/25 | CNY | 41,560,000 | 35,611 | — | 35,611 | ||||||||||||||||||||
| Pay |
7 Day CNRR | Quarterly | 2.595% | Quarterly | 11/02/25 | CNY | 40,400,000 | 34,766 | — | 34,766 | ||||||||||||||||||||
| Pay |
7 Day CNRR | Quarterly | 2.598% | Quarterly | 07/16/25 | CNY | 79,300,000 | 75,317 | — | 75,317 | ||||||||||||||||||||
| Pay |
7 Day CNRR | Quarterly | 2.600% | Quarterly | 09/29/25 | CNY | 40,730,000 | 37,400 | — | 37,400 | ||||||||||||||||||||
| Pay |
7 Day CNRR | Quarterly | 2.605% | Quarterly | 02/04/25 | CNY | 25,990,000 | 26,680 | — | 26,680 | ||||||||||||||||||||
| Pay |
7 Day CNRR | Quarterly | 2.800% | Quarterly | 02/01/26 | CNY | 47,100,000 | 99,988 | — | 99,988 | ||||||||||||||||||||
| Pay |
7 Day CNRR | Quarterly | 2.983% | Quarterly | 01/06/25 | CNY | 69,210,000 | 198,227 | — | 198,227 | ||||||||||||||||||||
| Receive |
3M LIBOR | Semi-Annually | 1.854% | Quarterly | 02/22/51 | USD | 4,310,000 | (25,776 | ) | — | (25,776 | ) | ||||||||||||||||||
| Receive |
6M EURIBOR | Annually | 0.022% | Semi-Annually | 11/10/50 | EUR | 3,820,000 | 585,177 | 28,896 | 556,281 | ||||||||||||||||||||
| Receive |
6M EURIBOR | Annually | 0.122% | Semi-Annually | 09/30/50 | EUR | 3,800,000 | 457,973 | — | 457,973 | ||||||||||||||||||||
|
|
|
|
|
|
|
|||||||||||||||||||||||||
| Totals |
|
$ | 1,601,358 | $ | 28,902 | $ | 1,572,456 | |||||||||||||||||||||||
|
|
|
|
|
|
|
|||||||||||||||||||||||||
OTC Interest Rate Swaps
| Pay/Receive |
Floating Rate Index |
Payment Frequency |
Fixed Rate |
Payment |
Maturity Date |
Counterparty | Notional Amount |
Market Value |
Upfront Premium Paid/(Received) |
Unrealized Appreciation/ (Depreciation)(1) |
||||||||||||||||||||||||||||
| Pay |
6M EURIBOR | Semi-Annually | (0.017)% | Semi-Annually | 09/30/50 | MSC | EUR | 3,800,000 | $ | (628,197 | ) | $ | — | $ | (628,197 | ) | ||||||||||||||||||||||
| Pay |
6M EURIBOR | Semi-Annually | (0.043)% | Semi-Annually | 11/10/50 | MSC | EUR | 3,820,000 | (665,774 | ) | — | (665,774 | ) | |||||||||||||||||||||||||
|
|
|
|
|
|
|
|||||||||||||||||||||||||||||||||
| Totals |
|
$ | (1,293,971 | ) | $ | — | $ | (1,293,971 | ) | |||||||||||||||||||||||||||||
|
|
|
|
|
|
|
|||||||||||||||||||||||||||||||||
| (1) | There is no upfront payment premium paid or (received) therefore Market Value equals Unrealized Appreciation/(Depreciation). |
Centrally Cleared Credit Default Swaps on Credit Indices—Buy Protection (a)
| Reference Obligation |
Fixed Deal (Pay) Rate |
Payment Frequency |
Maturity Date |
Implied Credit Spread at September 30, 2021(b) |
Notional Amount(c) |
Market Value |
Upfront Premiums Paid/(Received) |
Unrealized Appreciation/ (Depreciation) |
||||||||||||||||||||||||||
| CDX.EM.36.V1 |
(1.000 | %) | Quarterly | 12/20/26 | 1.816 | % | USD | 10,960,000 | $ | 437,800 | $ | 363,632 | $ | 74,168 | ||||||||||||||||||||
| CDX.NA.HY.37.V1 |
(5.000 | %) | Quarterly | 12/20/26 | 2.993 | % | USD | 25,350,000 | (2,375,811 | ) | (2,370,273 | ) | (5,538 | ) | ||||||||||||||||||||
|
|
|
|
|
|
|
|||||||||||||||||||||||||||||
| Totals |
|
$ | (1,938,011 | ) | $ | (2,006,641 | ) | $ | 68,630 | |||||||||||||||||||||||||
|
|
|
|
|
|
|
|||||||||||||||||||||||||||||
OTC Credit Default Swaps on Credit Indices—Sell Protection (d)
| Reference Obligation |
Fixed Deal Receive Rate |
Payment Frequency |
Maturity Date |
Counterparty | Implied Credit Spread at September 30, 2021(b) |
Notional Amount(c) |
Market Value |
Upfront Premium Paid/(Received) |
Unrealized Appreciation/ (Depreciation) |
|||||||||||||||||||||||||||||||
| CMBX.NA.BB.6 |
5.000 | % | Monthly | 05/11/63 | GSI | 68.764 | % | USD | 4,820,230 | $ | (2,168,191 | ) | $ | (958,384 | ) | $ | (1,209,807 | ) | ||||||||||||||||||||||
| CMBX.NA.BB.6 |
5.000 | % | Monthly | 05/11/63 | JPMC | 68.764 | % | USD | 1,662,979 | (748,026 | ) | (323,333 | ) | (424,693 | ) | |||||||||||||||||||||||||
| CMBX.NA.BB.6 |
5.000 | % | Monthly | 05/11/63 | JPMC | 68.764 | % | USD | 4,820,230 | (2,168,191 | ) | (954,172 | ) | (1,214,019 | ) | |||||||||||||||||||||||||
| CMBX.NA.BBB-.6 |
3.000 | % | Monthly | 05/11/63 | CGM | 39.601 | % | USD | 947,000 | (269,451 | ) | (79,100 | ) | (190,351 | ) | |||||||||||||||||||||||||
| CMBX.NA.BBB-.6 |
3.000 | % | Monthly | 05/11/63 | CGM | 39.601 | % | USD | 1,421,000 | (404,318 | ) | (118,096 | ) | (286,222 | ) | |||||||||||||||||||||||||
BHFTI-39
Brighthouse Funds Trust I
AB International Bond Portfolio
Schedule of Investments as of September 30, 2021 (Unaudited)
OTC Credit Default Swaps on Credit Indices—Sell Protection (d)—(Continued)
| Reference Obligation |
Fixed Deal Receive Rate |
Payment Frequency |
Maturity Date |
Counterparty | Implied Credit Spread at September 30, 2021(b) |
Notional Amount(c) |
Market Value |
Upfront Premium Paid/(Received) |
Unrealized Appreciation/ (Depreciation) |
|||||||||||||||||||||||||||||||
| CMBX.NA.BBB-.6 |
3.000 | % | Monthly | 05/11/63 | CGM | 39.601 | % | USD | 10,939,000 | $ | (3,112,484 | ) | $ | (936,498 | ) | $ | (2,175,986 | ) | ||||||||||||||||||||||
| CMBX.NA.BBB-.6 |
3.000 | % | Monthly | 05/11/63 | GSI | 39.601 | % | USD | 947,000 | (269,451 | ) | (78,723 | ) | (190,728 | ) | |||||||||||||||||||||||||
| CMBX.NA.BBB-.6 |
3.000 | % | Monthly | 05/11/63 | JPMC | 39.601 | % | USD | 474,000 | (134,868 | ) | (39,393 | ) | (95,475 | ) | |||||||||||||||||||||||||
| CMBX.NA.BBB-.6 |
3.000 | % | Monthly | 05/11/63 | JPMC | 39.601 | % | USD | 5,485,000 | (1,560,652 | ) | (559,530 | ) | (1,001,122 | ) | |||||||||||||||||||||||||
|
|
|
|
|
|
|
|||||||||||||||||||||||||||||||||||
| Totals |
|
$ | (10,835,632 | ) | $ | (4,047,229 | ) | $ | (6,788,403 | ) | ||||||||||||||||||||||||||||||
|
|
|
|
|
|
|
|||||||||||||||||||||||||||||||||||
| (a) | If the Portfolio is a buyer of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Portfolio will either (i) receive from the seller of protection an amount equal to the notional amount of the swap and deliver the referenced obligation or underlying securities comprising the referenced index or (ii) receive a net settlement amount in the form of cash or securities equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | |||
| (b) | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate issues or indices as of period end serve as an indicator of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity’s credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. A credit spread identified as “Defaulted” indicates a credit event has occurred for the referenced entity or obligation. | |||
| (c) | The maximum potential amount of future undiscounted payments that the Portfolio could be required to make under a credit default swap contract would be the notional amount of the contract. These potential amounts would be partially offset by any recovery values of the referenced debt obligation or net amounts received from the settlement of purchased protection credit default swap contracts entered into by the Portfolio for the same referenced debt obligation. | |||
| (d) | If the Portfolio is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Portfolio will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash or securities equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | |||
Glossary of Abbreviations
Counterparties
| (ANZ)— | Australia & New Zealand Banking Corp. | |||
| (BNP)— | BNP Paribas S.A. | |||
| (BOA)— | Bank of America N.A. | |||
| (CBNA)— | Citibank N.A. | |||
| (CGM)— | Citigroup Global Markets, Inc. | |||
| (DBAG)— | Deutsche Bank AG | |||
| (GSI)— | Goldman Sachs International | |||
| (HSBCU)— | HSBC Bank USA | |||
| (JPMC)— | JPMorgan Chase Bank N.A. | |||
| (MSC)— | Morgan Stanley & Co. | |||
| (NWM)— | NatWest Markets plc | |||
| (SCB)— | Standard Chartered Bank | |||
| (SSBT)— | State Street Bank and Trust | |||
| (UBSA)— | UBS AG |
Currencies
| (AUD)— | Australian Dollar | |||
| (CAD)— | Canadian Dollar | |||
| (CNY)— | Chinese Yuan | |||
| (COP)— | Colombian Peso | |||
| (EUR)— | Euro | |||
| (GBP)— | British Pound | |||
| (IDR)— | Indonesian Rupiah | |||
| (JPY)— | Japanese Yen | |||
| (KRW)— | South Korean Won | |||
| (MXN)— | Mexican Peso | |||
| (MYR)— | Malaysian Ringgit | |||
| (NZD)— | New Zealand Dollar | |||
| (PEN)— | Peruvian Nuevo Sol | |||
| (RUB)— | Russian Ruble | |||
| (SGD)— | Singapore Dollar | |||
| (THB)— | Thai Baht | |||
| (USD)— | United States Dollar | |||
| (ZAR)— | South African Rand |
Index Abbreviations
| (CDOR)— | Canadian Dollar Offered Rate | |||
| (CDX.EM)— | Markit Emerging Market CDS Index | |||
| (CDX.NA.HY)— | Markit North America High Yield CDS Index | |||
| (CMBX.NA.BB)— | Markit North America BB Rated CMBS Index | |||
| (CMBX.NA.BBB-)— | Markit North America BBB- Rated CMBS Index | |||
| (CNRR)— | China 7 Day Reverse Repo Rates | |||
| (CPI)— | Consumer Price Index | |||
| (EURIBOR)— | Euro InterBank Offered Rate |
| (H15)— | U.S. Treasury Yield Curve Rate T-Note Constant Maturity Index | |||
| (LIBOR)— | London Interbank Offered Rate | |||
| (SOFR)— | Secured Overnight Financing Rate |
Other Abbreviations
| (CDO)— | Collateralized Debt Obligation | |||
| (CLO)— | Collateralized Loan Obligation | |||
| (CMO)— | Collateralized Mortgage Obligation | |||
| (ICE)— | Intercontinental Exchange, Inc. | |||
| (IRS)— | Interest Rate Swap | |||
| (STACR)— | Structured Agency Credit Risk | |||
BHFTI-40
Brighthouse Funds Trust I
AB International Bond Portfolio
Schedule of Investments as of September 30, 2021 (Unaudited)
Fair Value Hierarchy
Accounting principles generally accepted in the United States of America (“GAAP”) define fair market value as the price that the Portfolio would receive to sell an asset or pay to transfer a liability in an orderly transaction between market participants at the measurement date. It establishes a fair value hierarchy that prioritizes inputs to valuation methods and requires disclosure of the fair value hierarchy, separately for each major category of assets and liabilities, that segregates fair value measurements into three levels. Levels 1, 2 and 3 of the fair value hierarchy are defined as follows:
Level 1 - unadjusted quoted prices in active markets for identical investments
Level 2 - other significant observable inputs (including, but not limited to, quoted prices for similar assets or liabilities in markets that are either active or inactive; inputs other than quoted prices that are observable such as interest rates, yield curves, volatilities, prepayment speeds, loss severities, credit risks, default rates, or other market corroborated inputs)
Level 3 - significant unobservable inputs based on the best information available in the circumstances, to the extent observable inputs are unavailable (including the Portfolio’s own assumptions used in determining the fair value of investments and derivative financial instruments)
The inputs or methodologies used for valuing investments are not necessarily an indication of the risk associated with investing in them. Changes to the inputs or methodologies used may result in transfers between levels. A reconciliation of Level 3 securities, if any, will be disclosed following the fair value hierarchy table. For more information about the Portfolio’s policy regarding the valuation of investments, please refer to the Notes to Schedule of Investments.
The following table summarizes the fair value hierarchy of the Portfolio’s investments as of September 30, 2021:
| Description | Level 1 | Level 2 | Level 3 | Total | ||||||||||||
| Total Foreign Government* |
$ | — | $ | 509,073,641 | $ | — | $ | 509,073,641 | ||||||||
| Total Corporate Bonds & Notes* |
— | 238,129,489 | — | 238,129,489 | ||||||||||||
| Total Asset-Backed Securities* |
— | 21,866,254 | — | 21,866,254 | ||||||||||||
| Total U.S. Treasury & Government Agencies* |
— | 19,965,721 | — | 19,965,721 | ||||||||||||
| Total Mortgage-Backed Securities* |
— | 17,898,694 | — | 17,898,694 | ||||||||||||
| Total Short-Term Investment* |
— | 8,914,178 | — | 8,914,178 | ||||||||||||
| Securities Lending Reinvestments |
| |||||||||||||||
| Repurchase Agreements |
— | 4,506,403 | — | 4,506,403 | ||||||||||||
| Time Deposit |
— | 51,798 | — | 51,798 | ||||||||||||
| Mutual Funds |
700,000 | — | — | 700,000 | ||||||||||||
| Total Securities Lending Reinvestments |
700,000 | 4,558,201 | — | 5,258,201 | ||||||||||||
| Total Investments |
$ | 700,000 | $ | 820,406,178 | $ | — | $ | 821,106,178 | ||||||||
| Collateral for Securities Loaned (Liability) |
$ | $ | (5,258,201 | ) | $ | $ | (5,258,201 | ) | ||||||||
| Forward Contracts |
| |||||||||||||||
| Forward Foreign Currency Exchange Contracts (Unrealized Appreciation) |
$ | — | $ | 9,101,992 | $ | — | $ | 9,101,992 | ||||||||
| Forward Foreign Currency Exchange Contracts (Unrealized Depreciation) |
— | (1,206,169 | ) | — | (1,206,169 | ) | ||||||||||
| Total Forward Contracts |
$ | — | $ | 7,895,823 | $ | — | $ | 7,895,823 | ||||||||
| Futures Contracts |
| |||||||||||||||
| Futures Contracts (Unrealized Appreciation) |
$ | 430,297 | $ | — | $ | — | $ | 430,297 | ||||||||
| Futures Contracts (Unrealized Depreciation) |
(1,368,775 | ) | — | — | (1,368,775 | ) | ||||||||||
| Total Futures Contracts |
$ | (938,478 | ) | $ | — | $ | — | $ | (938,478 | ) | ||||||
| Total Written Options at Value |
$ | — | $ | (74,557 | ) | $ | — | $ | (74,557 | ) | ||||||
| Centrally Cleared Swap Contracts |
| |||||||||||||||
| Centrally Cleared Swap Contracts (Unrealized Appreciation) |
$ | — | $ | 2,030,039 | $ | — | $ | 2,030,039 | ||||||||
| Centrally Cleared Swap Contracts (Unrealized Depreciation) |
— | (388,953 | ) | — | (388,953 | ) | ||||||||||
| Total Centrally Cleared Swap Contracts |
$ | — | $ | 1,641,086 | $ | — | $ | 1,641,086 | ||||||||
| OTC Swap Contracts |
| |||||||||||||||
| OTC Swap Contracts at Value (Liabilities) |
— | (12,129,603 | ) | — | (12,129,603 | ) | ||||||||||
| Total OTC Swap Contracts |
$ | — | $ | (12,129,603 | ) | $ | — | $ | (12,129,603 | ) | ||||||
| * | See Schedule of Investments for additional detailed categorizations. | |||
BHFTI-41
Brighthouse Funds Trust I
Allspring Mid Cap Value Portfolio (formerly, Wells Capital Management Mid Cap Value Portfolio)
Schedule of Investments as of September 30, 2021 (Unaudited)
Common Stocks—99.0% of Net Assets
| Security Description | Shares | Value | ||||||
| Aerospace & Defense—0.9% | ||||||||
| General Dynamics Corp. |
23,187 | $ | 4,545,348 | |||||
|
|
|
|||||||
| Auto Components—3.3% | ||||||||
| Aptiv plc (a) |
41,600 | 6,197,152 | ||||||
| Lear Corp. (b) |
67,299 | 10,530,947 | ||||||
|
|
|
|||||||
| 16,728,099 | ||||||||
|
|
|
|||||||
| Banks—5.0% | ||||||||
| Fifth Third Bancorp |
238,259 | 10,111,712 | ||||||
| PacWest Bancorp |
82,412 | 3,734,912 | ||||||
| Regions Financial Corp. |
364,041 | 7,757,714 | ||||||
| Zions Bancorp N.A. (b) |
57,604 | 3,565,111 | ||||||
|
|
|
|||||||
| 25,169,449 | ||||||||
|
|
|
|||||||
| Beverages—2.3% | ||||||||
| Keurig Dr Pepper, Inc. |
339,482 | 11,596,705 | ||||||
|
|
|
|||||||
| Building Products—5.4% | ||||||||
| Builders FirstSource, Inc. (a) |
78,713 | 4,072,611 | ||||||
| Carlisle Cos., Inc. |
86,680 | 17,231,117 | ||||||
| Masco Corp. |
109,677 | 6,092,557 | ||||||
|
|
|
|||||||
| 27,396,285 | ||||||||
|
|
|
|||||||
| Capital Markets—1.8% | ||||||||
| LPL Financial Holdings, Inc. |
59,128 | 9,268,905 | ||||||
|
|
|
|||||||
| Chemicals—2.3% | ||||||||
| Celanese Corp. |
41,484 | 6,249,150 | ||||||
| Diversey Holdings, Ltd. (a) (b) |
132,902 | 2,131,748 | ||||||
| FMC Corp. (b) |
35,605 | 3,259,994 | ||||||
|
|
|
|||||||
| 11,640,892 | ||||||||
|
|
|
|||||||
| Commercial Services & Supplies—2.6% | ||||||||
| Republic Services, Inc. |
110,990 | 13,325,459 | ||||||
|
|
|
|||||||
| Communications Equipment—0.9% | ||||||||
| Juniper Networks, Inc. (b) |
169,161 | 4,655,311 | ||||||
|
|
|
|||||||
| Construction & Engineering—1.8% | ||||||||
| API Group Corp. (a) |
104,163 | 2,119,717 | ||||||
| MasTec, Inc. (a) |
82,426 | 7,111,715 | ||||||
|
|
|
|||||||
| 9,231,432 | ||||||||
|
|
|
|||||||
| Consumer Finance—1.7% | ||||||||
| Discover Financial Services |
70,847 | 8,703,554 | ||||||
|
|
|
|||||||
| Containers & Packaging—0.8% | ||||||||
| AptarGroup, Inc. |
33,545 | 4,003,596 | ||||||
|
|
|
|||||||
| Distributors—2.2% | ||||||||
| LKQ Corp. (a) (b) |
222,503 | 11,196,351 | ||||||
|
|
|
|||||||
| Electric Utilities—3.5% | ||||||||
| American Electric Power Co., Inc. |
124,841 | 10,134,592 | ||||||
| Electric Utilities—(Continued) | ||||||||
| FirstEnergy Corp. |
208,966 | 7,443,369 | ||||||
|
|
|
|||||||
| 17,577,961 | ||||||||
|
|
|
|||||||
| Energy Equipment & Services—1.0% | ||||||||
| Baker Hughes Co. |
54,974 | 1,359,507 | ||||||
| NOV, Inc. (a) (b) |
295,280 | 3,871,121 | ||||||
|
|
|
|||||||
| 5,230,628 | ||||||||
|
|
|
|||||||
| Equity Real Estate Investment Trusts—3.2% | ||||||||
| American Campus Communities, Inc. |
140,709 | 6,817,351 | ||||||
| Equity LifeStyle Properties, Inc. |
24,326 | 1,899,861 | ||||||
| Invitation Homes, Inc. |
195,358 | 7,488,072 | ||||||
|
|
|
|||||||
| 16,205,284 | ||||||||
|
|
|
|||||||
| Food & Staples Retailing—2.0% | ||||||||
| BJ’s Wholesale Club Holdings, Inc. (a) (b) |
182,295 | 10,011,641 | ||||||
|
|
|
|||||||
| Food Products—1.2% | ||||||||
| Lamb Weston Holdings, Inc. (b) |
94,517 | 5,800,508 | ||||||
|
|
|
|||||||
| Health Care Equipment & Supplies—4.3% | ||||||||
| Alcon, Inc. (b) |
158,518 | 12,755,943 | ||||||
| Zimmer Biomet Holdings, Inc. |
62,518 | 9,150,135 | ||||||
|
|
|
|||||||
| 21,906,078 | ||||||||
|
|
|
|||||||
| Health Care Providers & Services—3.2% | ||||||||
| Humana, Inc. |
21,740 | 8,460,121 | ||||||
| Universal Health Services, Inc. - Class B |
54,237 | 7,504,774 | ||||||
|
|
|
|||||||
| 15,964,895 | ||||||||
|
|
|
|||||||
| Hotels, Restaurants & Leisure—3.4% | ||||||||
| Expedia Group, Inc. (a) |
58,225 | 9,543,078 | ||||||
| Yum China Holdings, Inc. (b) |
134,167 | 7,796,444 | ||||||
|
|
|
|||||||
| 17,339,522 | ||||||||
|
|
|
|||||||
| Household Durables—2.8% | ||||||||
| DR Horton, Inc. |
135,016 | 11,337,293 | ||||||
| Helen of Troy, Ltd. (a) |
12,176 | 2,735,704 | ||||||
|
|
|
|||||||
| 14,072,997 | ||||||||
|
|
|
|||||||
| Household Products—3.9% | ||||||||
| Church & Dwight Co., Inc. (b) |
100,791 | 8,322,313 | ||||||
| Reynolds Consumer Products, Inc. (b) |
406,815 | 11,122,322 | ||||||
|
|
|
|||||||
| 19,444,635 | ||||||||
|
|
|
|||||||
| Insurance—8.4% | ||||||||
| Allstate Corp. (The) |
70,806 | 9,014,312 | ||||||
| Arch Capital Group, Ltd. (a) |
352,855 | 13,472,004 | ||||||
| Brown & Brown, Inc. |
238,537 | 13,226,876 | ||||||
| Loews Corp. |
121,714 | 6,564,036 | ||||||
|
|
|
|||||||
| 42,277,228 | ||||||||
|
|
|
|||||||
BHFTI-42
Brighthouse Funds Trust I
Allspring Mid Cap Value Portfolio (formerly, Wells Capital Management Mid Cap Value Portfolio)
Schedule of Investments as of September 30, 2021 (Unaudited)
Common Stocks—(Continued)
| Security Description | Shares |
Value | ||||||
| IT Services—4.7% | ||||||||
| Amdocs, Ltd. |
170,276 | $ | 12,891,596 | |||||
| Euronet Worldwide, Inc. (a) |
85,349 | 10,863,221 | ||||||
|
|
|
|||||||
| 23,754,817 | ||||||||
|
|
|
|||||||
| Machinery—4.1% | ||||||||
| Donaldson Co., Inc. |
80,433 | 4,617,658 | ||||||
| Gates Industrial Corp. plc (a) |
245,656 | 3,996,823 | ||||||
| Stanley Black & Decker, Inc. |
67,705 | 11,869,364 | ||||||
|
|
|
|||||||
| 20,483,845 | ||||||||
|
|
|
|||||||
| Metals & Mining—1.1% | ||||||||
| Freeport-McMoRan, Inc. |
161,905 | 5,266,770 | ||||||
|
|
|
|||||||
| Mortgage Real Estate Investment Trusts—1.2% | ||||||||
| Annaly Capital Management, Inc. |
739,833 | 6,229,394 | ||||||
|
|
|
|||||||
| Oil, Gas & Consumable Fuels—3.7% | ||||||||
| Devon Energy Corp. |
89,022 | 3,161,171 | ||||||
| EOG Resources, Inc. |
84,483 | 6,781,450 | ||||||
| Hess Corp. |
42,984 | 3,357,480 | ||||||
| Valero Energy Corp. (b) |
76,057 | 5,367,343 | ||||||
|
|
|
|||||||
| 18,667,444 | ||||||||
|
|
|
|||||||
| Professional Services—2.1% | ||||||||
| Jacobs Engineering Group, Inc. |
79,637 | 10,554,292 | ||||||
|
|
|
|||||||
| Real Estate Management & Development—3.0% | ||||||||
| CBRE Group, Inc. - Class A (a) |
155,242 | 15,114,361 | ||||||
|
|
|
|||||||
| Software—2.1% | ||||||||
| ironSource, Ltd. - Class A (a) (b) |
208,894 | 2,270,678 | ||||||
| NCR Corp. (a) |
211,250 | 8,188,050 | ||||||
|
|
|
|||||||
| 10,458,728 | ||||||||
|
|
|
|||||||
| Special Purpose Acquisition Companies—1.5% | ||||||||
| Liberty Media Acquisition Corp. - Class A (a) |
83,370 | 840,370 | ||||||
| Pershing Square Tontine Holdings, Ltd. - Class A (a) |
329,776 | 6,496,587 | ||||||
|
|
|
|||||||
| 7,336,957 | ||||||||
|
|
|
|||||||
| Specialty Retail—1.5% | ||||||||
| Best Buy Co., Inc. |
71,591 | 7,567,885 | ||||||
|
|
|
|||||||
| Trading Companies & Distributors—3.9% | ||||||||
| AerCap Holdings NV (a) |
271,570 | 15,699,462 | ||||||
| United Rentals, Inc. (a) (b) |
10,978 | 3,852,509 | ||||||
|
|
|
|||||||
| 19,551,971 | ||||||||
|
|
|
|||||||
| Water Utilities—2.2% | ||||||||
| American Water Works Co., Inc. |
64,755 | 10,946,185 | ||||||
|
|
|
|||||||
| Total Common Stocks |
499,225,412 | |||||||
|
|
|
|||||||
| Mutual Funds—0.8% | ||||||||
| Security Description | Shares/ Principal Amount* |
Value | ||||||
| Investment Company Securities—0.8% | ||||||||
| SPDR S&P Oil & Gas Exploration & Production ETF (b) |
41,538 | $ | 4,017,556 | |||||
|
|
|
|||||||
| Warrants—0.0% | ||||||||
| Special Purpose Acquisition Companies—0.0% | ||||||||
| Liberty Media Acquisition Corp., Expires 12/31/27 (a) |
16,674 | 25,511 | ||||||
| Pershing Square Tontine Holdings, Ltd., Expires 07/24/25 (a) |
37,827 | 48,797 | ||||||
|
|
|
|||||||
| Total Warrants |
74,308 | |||||||
|
|
|
|||||||
| Short-Term Investment—0.3% | ||||||||
| Repurchase Agreement—0.3% | ||||||||
| Fixed Income Clearing Corp. |
1,426,499 | 1,426,499 | ||||||
|
|
|
|||||||
| Total Short-Term Investments |
1,426,499 | |||||||
|
|
|
|||||||
| Securities Lending Reinvestments (c) — 10.5% |
| |||||||
| Certificates of Deposit—0.9% | ||||||||
| Cooperatieve Rabobank UA |
1,000,000 | 1,000,140 | ||||||
| 0.170%, 03/18/22 |
500,000 | 500,000 | ||||||
| Royal Bank of Canada New York |
1,000,000 | 1,000,011 | ||||||
| Sumitomo Mitsui Trust Bank, Ltd. |
2,000,000 | 1,999,988 | ||||||
|
|
|
|||||||
| 4,500,139 | ||||||||
|
|
|
|||||||
| Repurchase Agreements—7.9% | ||||||||
| Barclays Bank plc |
2,000,000 | 2,000,000 | ||||||
| Repurchase Agreement dated 09/30/21 at 0.350%, due on 11/04/21 with a maturity value of $3,001,021; collateralized by various Common Stock with an aggregate market value of $3,334,014. |
3,000,000 | 3,000,000 | ||||||
| Barclays Capital, Inc. |
5,074,830 | 5,074,830 | ||||||
BHFTI-43
Brighthouse Funds Trust I
Allspring Mid Cap Value Portfolio (formerly, Wells Capital Management Mid Cap Value Portfolio)
Schedule of Investments as of September 30, 2021 (Unaudited)
Securities Lending Reinvestments (c)—(Continued)
| Security Description | Principal Amount* |
Value | ||||||
| Repurchase Agreements —(Continued) | ||||||||
| Cantor Fitzgerald & Co. |
2,000,000 | $ | 2,000,000 | |||||
| CF Secured LLC |
5,000,000 | 5,000,000 | ||||||
| Citigroup Global Markets, Inc. |
1,000,000 | 1,000,000 | ||||||
| Repurchase Agreement dated 09/30/21 at 0.420%, due on 11/04/21 with a maturity value of $1,000,408; collateralized by U.S. Treasury Obligations with rates ranging from 1.000% - 4.500%, maturity dates ranging from 05/15/27 - 05/15/40, and various Common Stock with an aggregate market value of $1,086,673. |
1,000,000 | 1,000,000 | ||||||
| Deutsche Bank AG, London |
1,000,000 | 1,000,000 | ||||||
| ING Financial Markets LLC |
5,000,000 | 5,000,000 | ||||||
| NBC Global Finance, Ltd. |
1,600,000 | 1,600,000 | ||||||
| Repurchase Agreement dated 09/30/21 at 0.250%, due on 10/07/21 with a maturity value of $1,700,083; collateralized by U.S. Treasury Obligations with rates ranging from 0.095% - 2.000%, maturity dates ranging from 07/31/22 - 02/15/50, and various Common Stock with an aggregate market value of $1,888,051. |
1,700,000 | 1,700,000 | ||||||
| Societe Generale |
4,000,000 | 4,000,000 | ||||||
| Societe Generale |
5,000,000 | 5,000,000 | ||||||
| Repurchase Agreement dated 09/30/21 at 0.200%, due on 10/07/21 with a maturity value of $2,439,119; collateralized by various Common Stock with an aggregate market value of $2,710,081. |
2,439,024 | 2,439,024 | ||||||
|
|
|
|||||||
| 39,813,854 | ||||||||
|
|
|
|||||||
| Time Deposits—0.7% | ||||||||
| First Abu Dhabi Bank USA NV |
2,000,000 | 2,000,000 | ||||||
| Landesbank Baden-Wuettertemberg (London) |
500,000 | 500,000 | ||||||
| National Bank of Canada |
1,000,000 | 1,000,000 | ||||||
|
|
|
|||||||
| 3,500,000 | ||||||||
|
|
|
|||||||
| Mutual Funds—1.0% | ||||||||
| BlackRock Liquidity Funds FedFund, Institutional Shares |
5,000,000 | 5,000,000 | ||||||
|
|
|
|||||||
| Total Securities Lending Reinvestments |
52,813,993 | |||||||
|
|
|
|||||||
| Total Investments—110.6% |
557,557,768 | |||||||
| Other assets and liabilities (net)—(10.6)% |
(53,261,860 | ) | ||||||
|
|
|
|||||||
| Net Assets—100.0% | $ | 504,295,908 | ||||||
|
|
|
|||||||
| * | Principal amount stated in U.S. dollars unless otherwise noted. | |||
| (a) | Non-income producing security. | |||
| (b) | All or a portion of the security was held on loan. As of September 30, 2021, the market value of securities loaned was $51,407,747 and the collateral received consisted of cash in the amount of $52,813,854 and non-cash collateral with a value of $654,653. The cash collateral investments are disclosed in the Schedule of Investments and categorized as Securities Lending Reinvestments. The non-cash collateral received consists of U.S. government securities that are held in safe-keeping by the lending agent, or a third- party custodian, and cannot be sold or repledged by the Portfolio. | |||
| (c) | Represents investment of cash collateral received from securities on loan as of September 30, 2021. | |||
| (d) | Variable or floating rate security. The stated rate represents the rate at September 30, 2021. Maturity date shown for callable securities reflects the earliest possible call date. For securities based on a published reference index and spread, the index and spread are indicated in the description above. For certain variable rate securities, the coupon rate is determined by the issuer/agent based on current market conditions. For certain asset- and mortgage-backed securities, the coupon rate may fluctuate based on changes of the underlying collateral or prepayments of principal. These securities do not indicate a reference index and spread in their description above. | |||
| (e) | The rate shown represents the annualized seven-day yield as of September 30, 2021. | |||
BHFTI-44
Brighthouse Funds Trust I
Allspring Mid Cap Value Portfolio (formerly, Wells Capital Management Mid Cap Value Portfolio)
Schedule of Investments as of September 30, 2021 (Unaudited)
Glossary of Abbreviations
Index Abbreviations
| (LIBOR)— | London Interbank Offered Rate | |||
| (OBFR)— | U.S. Overnight Bank Funding Rate | |||
Other Abbreviations
| (ETF)— | Exchange-Traded Fund | |||
Fair Value Hierarchy
Accounting principles generally accepted in the United States of America (“GAAP”) define fair market value as the price that the Portfolio would receive to sell an asset or pay to transfer a liability in an orderly transaction between market participants at the measurement date. It establishes a fair value hierarchy that prioritizes inputs to valuation methods and requires disclosure of the fair value hierarchy, separately for each major category of assets and liabilities, that segregates fair value measurements into three levels. Levels 1, 2 and 3 of the fair value hierarchy are defined as follows:
Level 1 - unadjusted quoted prices in active markets for identical investments
Level 2 - other significant observable inputs (including, but not limited to, quoted prices for similar assets or liabilities in markets that are either active or inactive; inputs other than quoted prices that are observable such as interest rates, yield curves, volatilities, prepayment speeds, loss severities, credit risks, default rates, or other market corroborated inputs)
Level 3 - significant unobservable inputs based on the best information available in the circumstances, to the extent observable inputs are unavailable (including the Portfolio’s own assumptions used in determining the fair value of investments and derivative financial instruments)
The inputs or methodologies used for valuing investments are not necessarily an indication of the risk associated with investing in them. Changes to the inputs or methodologies used may result in transfers between levels. A reconciliation of Level 3 securities, if any, will be disclosed following the fair value hierarchy table. For more information about the Portfolio’s policy regarding the valuation of investments, please refer to the Notes to Schedule of Investments.
The following table summarizes the fair value hierarchy of the Portfolio’s investments as of September 30, 2021:
| Description | Level 1 | Level 2 | Level 3 | Total | ||||||||||||
| Total Common Stocks* |
$ | 499,225,412 | $ | — | $ | — | $ | 499,225,412 | ||||||||
| Total Mutual Funds* |
4,017,556 | — | — | 4,017,556 | ||||||||||||
| Total Warrants* |
74,308 | — | — | 74,308 | ||||||||||||
| Total Short-Term Investment* |
— | 1,426,499 | — | 1,426,499 | ||||||||||||
| Securities Lending Reinvestments |
| |||||||||||||||
| Certificates of Deposit |
— | 4,500,139 | — | 4,500,139 | ||||||||||||
| Repurchase Agreements |
— | 39,813,854 | — | 39,813,854 | ||||||||||||
| Time Deposits |
— | 3,500,000 | — | 3,500,000 | ||||||||||||
| Mutual Funds |
5,000,000 | — | — | 5,000,000 | ||||||||||||
| Total Securities Lending Reinvestments |
5,000,000 | 47,813,993 | — | 52,813,993 | ||||||||||||
| Total Investments |
$ | 508,317,276 | $ | 49,240,492 | $ | — | $ | 557,557,768 | ||||||||
| Collateral for Securities Loaned (Liability) |
$ | — | $ | (52,813,854 | ) | $ | — | $ | (52,813,854 | ) | ||||||
| * | See Schedule of Investments for additional detailed categorizations. | |||||||
BHFTI-45
Brighthouse Funds Trust I
American Funds Balanced Allocation Portfolio
Schedule of Investments as of September 30, 2021 (Unaudited)
Mutual Funds—100.1% of Net Assets
| Security Description | Shares | Value | ||||||
| Investment Company Securities—100.1% | ||||||||
| American Funds AMCAP Fund (Class R-6) |
9,096,973 | $ | 401,176,496 | |||||
| American Funds American Mutual Fund (Class R-6) |
7,080,849 | 352,484,664 | ||||||
| American Funds Bond Fund (Class 1) (a) |
56,412,942 | 639,722,758 | ||||||
| American Funds Capital World Bond Fund (Class 1) (a) |
12,522,329 | 151,144,515 | ||||||
| American Funds Fundamental Investors Fund (Class R-6) |
5,292,582 | 398,531,394 | ||||||
| American Funds Global Small Capitalization Fund (Class 1) (a) |
4,278,857 | 148,690,271 | ||||||
| American Funds Growth Fund (Class 1) |
3,592,158 | 426,460,979 | ||||||
| American Funds Growth-Income Fund (Class 1) |
7,200,238 | 450,806,874 | ||||||
| American Funds High-Income Trust Fund (Class R-6) (a) |
19,410,538 | 204,781,180 | ||||||
| American Funds International Fund (Class 1) (a) |
13,559,066 | 327,587,024 | ||||||
| American Funds International Growth and Income Fund (Class 1) (a) |
21,295,589 | 419,736,056 | ||||||
| American Funds New World Fund (Class 1) |
3,082,979 | 98,778,634 | ||||||
| American Funds U.S. Government Securities Fund (Class R-6) |
38,344,729 | 542,194,475 | ||||||
| American Funds Washington Mutual Investors Fund (Class 1) (a) |
24,526,522 | 401,253,905 | ||||||
|
|
|
|||||||
| Total Mutual Funds |
4,963,349,225 | |||||||
|
|
|
|||||||
| Total Investments—100.1% |
4,963,349,225 | |||||||
| Other assets and liabilities (net)—(0.1)% |
(2,804,243 | ) | ||||||
|
|
|
|||||||
| Net Assets—100.0% | $ | 4,960,544,982 | ||||||
|
|
|
|||||||
| (a) | Affiliated Issuer. |
Fair Value Hierarchy
Accounting principles generally accepted in the United States of America (“GAAP”) define fair market value as the price that the Portfolio would receive to sell an asset or pay to transfer a liability in an orderly transaction between market participants at the measurement date. It establishes a fair value hierarchy that prioritizes inputs to valuation methods and requires disclosure of the fair value hierarchy, separately for each major category of assets and liabilities, that segregates fair value measurements into three levels. Levels 1, 2 and 3 of the fair value hierarchy are defined as follows:
Level 1 - unadjusted quoted prices in active markets for identical investments
Level 2 - other significant observable inputs (including, but not limited to, quoted prices for similar assets or liabilities in markets that are either active or inactive; inputs other than quoted prices that are observable such as interest rates, yield curves, volatilities, prepayment speeds, loss severities, credit risks, default rates, or other market corroborated inputs)
Level 3 - significant unobservable inputs based on the best information available in the circumstances, to the extent observable inputs are unavailable (including the Portfolio’s own assumptions used in determining the fair value of investments and derivative financial instruments)
The inputs or methodologies used for valuing investments are not necessarily an indication of the risk associated with investing in them. Changes to the inputs or methodologies used may result in transfers between levels. A reconciliation of Level 3 securities, if any, will be disclosed following the fair value hierarchy table. For more information about the Portfolio’s policy regarding the valuation of investments, please refer to the Notes to Schedule of Investments.
The following table summarizes the fair value hierarchy of the Portfolio’s investments as of September 30, 2021:
| Description | Level 1 | Level 2 | Level 3 | Total | ||||||||||||
| Mutual Funds | ||||||||||||||||
| Investment Company Securities |
$ | 4,963,349,225 | $ | — | $ | — | $ | 4,963,349,225 | ||||||||
| Total Investments |
$ | 4,963,349,225 | $ | — | $ | — | $ | 4,963,349,225 | ||||||||
BHFTI-46
Brighthouse Funds Trust I
American Funds Growth Allocation Portfolio
Schedule of Investments as of September 30, 2021 (Unaudited)
Mutual Funds—100.1% of Net Assets
| Security Description | Shares | Value | ||||||
| Investment Company Securities—100.1% | ||||||||
| American Funds AMCAP Fund (Class R-6) |
8,982,089 | $ | 396,110,141 | |||||
| American Funds American Mutual Fund (Class R-6) |
6,246,108 | 310,931,268 | ||||||
| American Funds Bond Fund (Class 1) |
12,053,885 | 136,691,052 | ||||||
| American Funds Capital World Bond Fund (Class 1) (a) |
5,724,529 | 69,095,070 | ||||||
| American Funds Fundamental Investors Fund (Class R-6) |
5,027,016 | 378,534,293 | ||||||
| American Funds Global Small Capitalization Fund (Class 1) (a) |
4,906,111 | 170,487,367 | ||||||
| American Funds Growth Fund (Class 1) |
3,052,394 | 362,380,227 | ||||||
| American Funds Growth-Income Fund (Class 1) |
5,512,310 | 345,125,750 | ||||||
| American Funds High-Income Trust Fund (Class R-6) |
9,862,188 | 104,046,081 | ||||||
| American Funds International Fund (Class 1) (a) |
12,516,204 | 302,391,482 | ||||||
| American Funds International Growth and Income Fund (Class 1) (a) |
18,494,823 | 364,532,955 | ||||||
| American Funds New World Fund (Class 1) |
3,191,896 | 102,268,354 | ||||||
| American Funds U.S. Government Securities Fund (Class R-6) |
2,416,725 | 34,172,486 | ||||||
| American Funds Washington Mutual Investor Fund (Class 1) (a) |
21,087,988 | 344,999,479 | ||||||
|
|
|
|||||||
| Total Mutual Funds |
3,421,766,005 | |||||||
|
|
|
|||||||
| Total Investments—100.1% |
3,421,766,005 | |||||||
| Other assets and liabilities (net)—(0.1)% |
(2,031,431 | ) | ||||||
|
|
|
|||||||
| Net Assets—100.0% | $ | 3,419,734,574 | ||||||
|
|
|
|||||||
| (a) | Affiliated Issuer. |
Fair Value Hierarchy
Accounting principles generally accepted in the United States of America (“GAAP”) define fair market value as the price that the Portfolio would receive to sell an asset or pay to transfer a liability in an orderly transaction between market participants at the measurement date. It establishes a fair value hierarchy that prioritizes inputs to valuation methods and requires disclosure of the fair value hierarchy, separately for each major category of assets and liabilities, that segregates fair value measurements into three levels. Levels 1, 2 and 3 of the fair value hierarchy are defined as follows:
Level 1 - unadjusted quoted prices in active markets for identical investments
Level 2 - other significant observable inputs (including, but not limited to, quoted prices for similar assets or liabilities in markets that are either active or inactive; inputs other than quoted prices that are observable such as interest rates, yield curves, volatilities, prepayment speeds, loss severities, credit risks, default rates, or other market corroborated inputs)
Level 3 - significant unobservable inputs based on the best information available in the circumstances, to the extent observable inputs are unavailable (including the Portfolio’s own assumptions used in determining the fair value of investments and derivative financial instruments)
The inputs or methodologies used for valuing investments are not necessarily an indication of the risk associated with investing in them. Changes to the inputs or methodologies used may result in transfers between levels. A reconciliation of Level 3 securities, if any, will be disclosed following the fair value hierarchy table. For more information about the Portfolio’s policy regarding the valuation of investments, please refer to the Notes to Schedule of Investments.
The following table summarizes the fair value hierarchy of the Portfolio’s investments as of September 30, 2021:
| Description | Level 1 | Level 2 | Level 3 | Total | ||||||||||||
| Mutual Funds | ||||||||||||||||
| Investment Company Securities |
$ | 3,421,766,005 | $ | — | $ | — | $ | 3,421,766,005 | ||||||||
| Total Investments |
$ | 3,421,766,005 | $ | — | $ | — | $ | 3,421,766,005 | ||||||||
BHFTI-47
Brighthouse Funds Trust I
American Funds Growth Portfolio
Schedule of Investments as of September 30, 2021 (Unaudited)
Mutual Funds—100.1% of Net Assets
| Security Description | Shares | Value | ||||||
| Investment Company Securities—100.1% | ||||||||
| American Funds Growth Fund (Class 1) (a) |
15,304,501 | $ | 1,816,950,378 | |||||
|
|
|
|||||||
| Total Investments—100.1% |
1,816,950,378 | |||||||
| Other assets and liabilities (net)—(0.1)% |
(1,126,101 | ) | ||||||
|
|
|
|||||||
| Net Assets—100.0% | $ | 1,815,824,277 | ||||||
|
|
|
|||||||
| (a) | Affiliated Issuer. | |||
Fair Value Hierarchy
Accounting principles generally accepted in the United States of America (“GAAP”) define fair market value as the price that the Portfolio would receive to sell an asset or pay to transfer a liability in an orderly transaction between market participants at the measurement date. It establishes a fair value hierarchy that prioritizes inputs to valuation methods and requires disclosure of the fair value hierarchy, separately for each major category of assets and liabilities, that segregates fair value measurements into three levels. Levels 1, 2 and 3 of the fair value hierarchy are defined as follows:
Level 1 - unadjusted quoted prices in active markets for identical investments
Level 2 - other significant observable inputs (including, but not limited to, quoted prices for similar assets or liabilities in markets that are either active or inactive; inputs other than quoted prices that are observable such as interest rates, yield curves, volatilities, prepayment speeds, loss severities, credit risks, default rates, or other market corroborated inputs)
Level 3 - significant unobservable inputs based on the best information available in the circumstances, to the extent observable
inputs are unavailable (including the Portfolio’s own assumptions used in determining the fair value of investments and derivative financial instruments)
The inputs or methodologies used for valuing investments are not necessarily an indication of the risk associated with investing in them. Changes to the inputs or methodologies used may result in transfers between levels. A reconciliation of Level 3 securities, if any, will be disclosed following the fair value hierarchy table. For more information about the Portfolio’s policy regarding the valuation of investments, please refer to the Notes to Schedule of Investments.
The following table summarizes the fair value hierarchy of the Portfolio’s investments as of September 30, 2021:
| Description | Level 1 | Level 2 | Level 3 | Total | ||||||||||||
| Mutual Funds |
| |||||||||||||||
| Investment Company Securities |
$ | 1,816,950,378 | $ | — | $ | — | $ | 1,816,950,378 | ||||||||
| Total Investments |
$ | 1,816,950,378 | $ | — | $ | — | $ | 1,816,950,378 | ||||||||
BHFTI-48
Brighthouse Funds Trust I
American Funds Moderate Allocation Portfolio
Schedule of Investments as of September 30, 2021 (Unaudited)
Mutual Funds—100.1% of Net Assets
| Security Description | Shares | Value | ||||||
| Investment Company Securities—100.1% | ||||||||
| American Funds AMCAP Fund (Class R-6) |
2,973,414 | $ | 131,127,563 | |||||
| American Funds American Mutual Fund (Class R-6) |
4,258,128 | 211,969,601 | ||||||
| American Funds Bond Fund (Class 1) (a) |
44,146,797 | 500,624,673 | ||||||
| American Funds Capital World Bond Fund (Class 1) (a) |
6,585,438 | 79,486,240 | ||||||
| American Funds Fundamental Investors Fund (Class R-6) |
1,739,136 | 130,956,948 | ||||||
| American Funds Global Small Capitalization Fund (Class 1) |
747,241 | 25,966,609 | ||||||
| American Funds Growth Fund (Class 1) |
1,107,891 | 131,528,784 | ||||||
| American Funds Growth-Income Fund (Class 1) |
3,362,086 | 210,500,200 | ||||||
| American Funds High-Income Trust Fund (Class R-6) |
12,617,055 | 133,109,935 | ||||||
| American Funds International Fund (Class 1) |
5,831,084 | 140,878,998 | ||||||
| American Funds International Growth and Income Fund (Class 1) (a) |
8,422,444 | 166,006,372 | ||||||
| American Funds New World Fund (Class 1) |
814,767 | 26,105,142 | ||||||
| American Funds U.S. Government Securities Fund (Class R-6) |
37,313,151 | 527,607,959 | ||||||
| American Funds Washington Mutual Investors Fund (Class 1) |
12,909,011 | 211,191,425 | ||||||
|
|
|
|||||||
| Total Mutual Funds |
2,627,060,449 | |||||||
|
|
|
|||||||
| Total Investments—100.1% |
2,627,060,449 | |||||||
| Other assets and liabilities (net)—(0.1)% |
(1,624,728 | ) | ||||||
|
|
|
|||||||
| Net Assets—100.0% | $ | 2,625,435,721 | ||||||
|
|
|
|||||||
| (a) | Affiliated Issuer. |
Fair Value Hierarchy
Accounting principles generally accepted in the United States of America (“GAAP”) define fair market value as the price that the Portfolio would receive to sell an asset or pay to transfer a liability in an orderly transaction between market participants at the measurement date. It establishes a fair value hierarchy that prioritizes inputs to valuation methods and requires disclosure of the fair value hierarchy, separately for each major category of assets and liabilities, that segregates fair value measurements into three levels. Levels 1, 2 and 3 of the fair value hierarchy are defined as follows:
Level 1 - unadjusted quoted prices in active markets for identical investments
Level 2 - other significant observable inputs (including, but not limited to, quoted prices for similar assets or liabilities in markets that are either active or inactive; inputs other than quoted prices that are observable such as interest rates, yield curves, volatilities, prepayment speeds, loss severities, credit risks, default rates, or other market corroborated inputs)
Level 3 - significant unobservable inputs based on the best information available in the circumstances, to the extent observable inputs are unavailable (including the Portfolio’s own assumptions used in determining the fair value of investments and derivative financial instruments)
The inputs or methodologies used for valuing investments are not necessarily an indication of the risk associated with investing in them. Changes to the inputs or methodologies used may result in transfers between levels. A reconciliation of Level 3 securities, if any, will be disclosed following the fair value hierarchy table. For more information about the Portfolio’s policy regarding the valuation of investments, please refer to the Notes to Schedule of Investments.
The following table summarizes the fair value hierarchy of the Portfolio’s investments as of September 30, 2021:
| Description | Level 1 | Level 2 | Level 3 | Total | ||||||||||||
| Mutual Funds | ||||||||||||||||
| Investment Company Securities |
$ | 2,627,060,449 | $ | — | $ | — | $ | 2,627,060,449 | ||||||||
| Total Investments |
$ | 2,627,060,449 | $ | — | $ | — | $ | 2,627,060,449 | ||||||||
BHFTI-49
Brighthouse Funds Trust I
AQR Global Risk Balanced Portfolio
Consolidated Schedule of Investments as of September 30, 2021 (Unaudited)
U.S. Treasury & Government Agencies—29.6% of Net Assets
| Security Description | Shares/ Principal |
Value | ||||||
| U.S. Treasury—29.6% | ||||||||
| U.S. Treasury Inflation Indexed Notes | ||||||||
| 0.125%, 10/15/25 (a) |
47,023,953 | $ | 50,880,774 | |||||
| 0.125%, 04/15/26 (a) |
104,084 | 112,672 | ||||||
| 0.125%, 01/15/30 (a) |
96,544,630 | 106,059,556 | ||||||
| 0.125%, 07/15/30 (a) |
106,249,076 | 117,167,276 | ||||||
| 0.125%, 01/15/31 (a) |
112,301,847 | 123,246,891 | ||||||
| 0.125%, 07/15/31 (a) |
36,154,265 | 39,809,706 | ||||||
| 0.250%, 07/15/29 (a) |
87,716,442 | 97,581,115 | ||||||
| 0.375%, 07/15/27 (a) |
66,137,023 | 73,569,688 | ||||||
| 0.500%, 01/15/28 (a) |
69,262,094 | 77,540,177 | ||||||
| 0.750%, 07/15/28 (a) |
71,834,965 | 82,246,359 | ||||||
| 0.875%, 01/15/29 (a) |
74,849,825 | 86,477,862 | ||||||
|
|
|
|||||||
| Total U.S. Treasury & Government Agencies |
854,692,076 | |||||||
|
|
|
|||||||
| Foreign Government—18.4% |
| |||||||
| Sovereign—18.4% | ||||||||
| Deutsche Bundesrepublik Inflation Linked Bond | ||||||||
| 0.500%, 04/15/30 (EUR) (a) |
110,144,573 | 157,529,104 | ||||||
| France Government Bond OAT | ||||||||
| 0.100%, 03/01/26 (144A) (EUR) (a) |
9,887,598 | 12,666,523 | ||||||
| 0.100%, 03/01/28 (EUR) (a) |
22,261,555 | 28,816,965 | ||||||
| 0.100%, 03/01/29 (EUR) (a) |
17,500,310 | 23,377,074 | ||||||
| 0.100%, 07/25/31 (144A) (EUR) (a) |
11,230,120 | 15,375,366 | ||||||
| 0.700%, 07/25/30 (144A) (EUR) (a) |
38,826,310 | 55,498,924 | ||||||
| 1.850%, 07/25/27 (EUR) (a) |
34,655,545 | 50,003,071 | ||||||
| United Kingdom Gilt Inflation Linked Bonds | ||||||||
| 0.125%, 03/22/26 (GBP) (a) |
3,311,868 | 5,205,716 | ||||||
| 0.125%, 08/10/28 (GBP) (a) |
20,417,457 | 34,250,021 | ||||||
| 0.125%, 03/22/29 (GBP) (a) |
22,012,699 | 37,302,516 | ||||||
| 0.125%, 08/10/31 (GBP) (a) |
4,577,540 | 8,195,744 | ||||||
| 1.250%, 11/22/27 (GBP) (a) |
16,244,635 | 28,510,416 | ||||||
| 1.250%, 11/22/32 (GBP) (a) |
35,872,124 | 73,396,790 | ||||||
|
|
|
|||||||
| Total Foreign Government |
530,128,230 | |||||||
|
|
|
|||||||
| Short-Term Investments—47.9% |
| |||||||
| Mutual Funds—32.8% | ||||||||
| BlackRock Liquidity Funds T-Fund Portfolio, Institutional |
218,819,696 | 218,819,696 | ||||||
| Dreyfus Treasury Obligations Cash Management Fund, Institutional Class 0.010% (b) |
213,361,227 | 213,361,227 | ||||||
| State Street Institutional Liquid Reserves Fund, Premier |
63,495,555 | 63,508,254 | ||||||
| State Street Institutional Treasury Plus Money Market Fund, Premier Class 0.010% (b) (c) |
202,633,331 | 202,633,331 | ||||||
| UBS Select Treasury Institutional Fund, Institutional |
249,343,187 | 249,343,187 | ||||||
|
|
|
|||||||
| 947,665,695 | ||||||||
|
|
|
|||||||
| Security Description | Principal |
Value | ||||||
| U.S. Treasury—15.1% | ||||||||
| U.S. Treasury Bills | ||||||||
| 0.035%, 10/07/21 (d) |
71,420,000 | $ | 71,419,554 | |||||
| 0.040%, 10/14/21 (d) |
68,556,000 | 68,555,319 | ||||||
| 0.040%, 10/21/21 (d) (e) |
130,212,000 | 130,206,322 | ||||||
| 0.047%, 03/31/22 (d) |
46,214,000 | 46,201,220 | ||||||
| 0.050%, 01/06/22 (d) |
5,818,000 | 5,817,452 | ||||||
| 0.050%, 01/13/22 (d) |
48,417,000 | 48,411,720 | ||||||
| 0.050%, 01/20/22 (d) |
7,591,000 | 7,590,122 | ||||||
| 0.055%, 12/30/21 (d) |
58,568,000 | 58,562,143 | ||||||
|
|
|
|||||||
| 436,763,852 | ||||||||
|
|
|
|||||||
| Total Short-Term Investments |
1,384,429,547 | |||||||
|
|
|
|||||||
| Total Investments—95.9% |
2,769,249,853 | |||||||
| Other assets and liabilities (net)—4.1% |
117,730,444 | |||||||
|
|
|
|||||||
| Net Assets—100.0% | $ | 2,886,980,297 | ||||||
|
|
|
|||||||
| * | Principal amount stated in U.S. dollars unless otherwise noted. | |||
| (a) | Principal amount of security is adjusted for inflation. | |||
| (b) | The rate shown represents the annualized seven-day yield as of September 30, 2021. | |||
| (c) | All or a portion of the security was pledged as collateral against open OTC swap contracts and open forward foreign currency exchange contracts. As of September 30, 2021, the market value of securities pledged was $91,688,224. | |||
| (d) | The rate shown represents current yield to maturity. | |||
| (e) | All or a portion of the security was pledged as collateral against open futures contracts. As of September 30, 2021, the market value of securities pledged was $5,599,172. | |||
| (144A)— | Securities exempt from registration under Rule 144A of the Securities Act of 1933. These securities may be resold in transactions exempt from registration, normally to qualified institutional buyers. As of September 30, 2021, the market value of 144A securities was $83,540,814, which is 2.9% of net assets. | |||
BHFTI-50
Brighthouse Funds Trust I
AQR Global Risk Balanced Portfolio
Consolidated Schedule of Investments as of September 30, 2021 (Unaudited)
Forward Foreign Currency Exchange Contracts
|
Contracts to Deliver |
Counterparty |
Settlement Date |
In Exchange for |
Unrealized Appreciation |
||||||||||||||||||
| EUR | 28,450,674 | CBNA |
12/15/21 | USD | 33,493,461 | $ | 488,849 | |||||||||||||||
| EUR | 9,068,653 | CBNA |
12/15/21 | USD | 10,763,034 | 242,813 | ||||||||||||||||
| EUR | 9,068,652 | CBNA |
12/15/21 | USD | 10,621,682 | 101,463 | ||||||||||||||||
| EUR | 8,935,290 | CBNA |
12/15/21 | USD | 10,452,725 | 87,213 | ||||||||||||||||
| EUR | 8,935,290 | CBNA |
12/15/21 | USD | 10,454,635 | 89,124 | ||||||||||||||||
| EUR | 8,935,290 | CBNA |
12/15/21 | USD | 10,512,180 | 146,669 | ||||||||||||||||
| EUR | 8,935,290 | CBNA |
12/15/21 | USD | 10,528,355 | 162,844 | ||||||||||||||||
| EUR | 8,935,290 | CBNA |
12/15/21 | USD | 10,532,451 | 166,939 | ||||||||||||||||
| EUR | 8,935,290 | CBNA |
12/15/21 | USD | 10,529,674 | 164,162 | ||||||||||||||||
| EUR | 8,935,290 | CBNA |
12/15/21 | USD | 10,531,666 | 166,155 | ||||||||||||||||
| EUR | 8,935,290 | CBNA |
12/15/21 | USD | 10,523,793 | 158,282 | ||||||||||||||||
| EUR | 8,935,290 | CBNA |
12/15/21 | USD | 10,591,354 | 225,843 | ||||||||||||||||
| EUR | 8,935,290 | CBNA |
12/15/21 | USD | 10,584,825 | 219,313 | ||||||||||||||||
| EUR | 8,890,836 | CBNA |
12/15/21 | USD | 10,419,608 | 105,667 | ||||||||||||||||
| EUR | 8,890,836 | CBNA |
12/15/21 | USD | 10,409,900 | 95,959 | ||||||||||||||||
| EUR | 8,890,836 | CBNA |
12/15/21 | USD | 10,472,088 | 158,146 | ||||||||||||||||
| EUR | 8,890,836 | CBNA |
12/15/21 | USD | 10,480,885 | 166,944 | ||||||||||||||||
| EUR | 8,890,836 | CBNA |
12/15/21 | USD | 10,471,258 | 157,317 | ||||||||||||||||
| EUR | 8,890,836 | CBNA |
12/15/21 | USD | 10,538,384 | 224,442 | ||||||||||||||||
| EUR | 8,890,836 | CBNA |
12/15/21 | USD | 10,554,060 | 240,119 | ||||||||||||||||
| EUR | 8,801,928 | CBNA |
12/15/21 | USD | 10,319,201 | 108,398 | ||||||||||||||||
| EUR | 8,801,928 | CBNA |
12/15/21 | USD | 10,453,652 | 242,850 | ||||||||||||||||
| EUR | 8,801,927 | CBNA |
12/15/21 | USD | 10,318,927 | 108,125 | ||||||||||||||||
| EUR | 8,801,927 | CBNA |
12/15/21 | USD | 10,300,323 | 89,522 | ||||||||||||||||
| EUR | 8,801,927 | CBNA |
12/15/21 | USD | 10,364,875 | 154,074 | ||||||||||||||||
| EUR | 8,801,927 | CBNA |
12/15/21 | USD | 10,384,773 | 173,971 | ||||||||||||||||
| EUR | 8,801,927 | CBNA |
12/15/21 | USD | 10,370,597 | 159,795 | ||||||||||||||||
| EUR | 8,801,927 | CBNA |
12/15/21 | USD | 10,430,640 | 219,839 | ||||||||||||||||
| EUR | 8,801,927 | CBNA |
12/15/21 | USD | 10,453,957 | 243,155 | ||||||||||||||||
| EUR | 8,461,000 | CBNA |
12/15/21 | USD | 9,967,300 | 151,996 | ||||||||||||||||
| EUR | 7,112,669 | CBNA |
12/15/21 | USD | 8,361,639 | 110,486 | ||||||||||||||||
| GBP | 35,586,371 | CBNA |
12/15/21 | USD | 48,725,355 | 771,385 | ||||||||||||||||
| GBP | 23,131,141 | CBNA |
12/15/21 | USD | 31,747,437 | 577,357 | ||||||||||||||||
| GBP | 12,455,230 | CBNA |
12/15/21 | USD | 17,063,772 | 279,882 | ||||||||||||||||
| GBP | 9,074,524 | CBNA |
12/15/21 | USD | 12,406,694 | 178,432 | ||||||||||||||||
| GBP | 8,941,076 | CBNA |
12/15/21 | USD | 12,175,026 | 126,591 | ||||||||||||||||
| GBP | 8,941,075 | CBNA |
12/15/21 | USD | 12,172,969 | 124,535 | ||||||||||||||||
| GBP | 8,896,593 | CBNA |
12/15/21 | USD | 12,188,432 | 199,939 | ||||||||||||||||
| GBP | 8,896,593 | CBNA |
12/15/21 | USD | 12,118,620 | 130,127 | ||||||||||||||||
| GBP | 8,807,627 | CBNA |
12/15/21 | USD | 12,054,484 | 185,877 | ||||||||||||||||
| GBP | 8,807,626 | CBNA |
12/15/21 | USD | 12,049,224 | 180,618 | ||||||||||||||||
| GBP | 8,807,626 | CBNA |
12/15/21 | USD | 11,997,675 | 129,068 | ||||||||||||||||
| GBP | 3,288,000 | CBNA |
12/15/21 | USD | 4,515,180 | 84,477 | ||||||||||||||||
|
|
|
|||||||||||||||||||||
| Net Unrealized Appreciation |
|
$ | 8,298,762 | |||||||||||||||||||
|
|
|
|||||||||||||||||||||
Futures Contracts
| Futures Contracts—Long |
Expiration Date |
Number of Contracts |
Notional Value |
Value/ Unrealized Appreciation/ (Depreciation) |
||||||||||||||||
| Amsterdam AEX Index Futures |
10/15/21 | 43 | EUR | 6,624,838 | $ | (240,571 | ) | |||||||||||||
| Australian 10 Year Treasury Bond Futures |
12/15/21 | 1,165 | AUD | 164,815,544 | (2,302,422 | ) | ||||||||||||||
| CAC 40 Index Futures |
10/15/21 | 229 | EUR | 14,926,220 | (291,562 | ) | ||||||||||||||
| Canada Government Bond 10 Year Futures |
12/20/21 | 1,117 | CAD | 159,898,550 | (3,246,021 | ) | ||||||||||||||
| Cattle Feeder Futures |
01/27/22 | 26 | USD | 2,004,275 | (71,092 | ) | ||||||||||||||
BHFTI-51
Brighthouse Funds Trust I
AQR Global Risk Balanced Portfolio
Consolidated Schedule of Investments as of September 30, 2021 (Unaudited)
Futures Contracts—(Continued)
| Futures Contracts—Long |
Expiration Date |
Number of Contracts |
Notional Value |
Value/ Unrealized Appreciation/ (Depreciation) |
||||||||||||||||
| Cocoa Futures |
12/15/21 | 127 | USD | 3,368,040 | $ | 249,455 | ||||||||||||||
| Copper Futures |
10/01/21 | 12 | USD | 2,752,200 | (66,707 | ) | ||||||||||||||
| Copper Futures |
10/29/21 | 8 | USD | 1,787,942 | (171,756 | ) | ||||||||||||||
| Copper Futures |
11/05/21 | 9 | USD | 2,011,370 | (116,570 | ) | ||||||||||||||
| Copper Futures |
12/10/21 | 6 | USD | 1,340,588 | (88,702 | ) | ||||||||||||||
| Copper Futures |
12/15/21 | 371 | USD | 82,883,719 | (4,361,081 | ) | ||||||||||||||
| Copper Futures |
12/16/21 | 1 | USD | 223,356 | (13,146 | ) | ||||||||||||||
| Copper Futures |
12/17/21 | 1 | USD | 223,344 | (11,871 | ) | ||||||||||||||
| Copper Futures |
12/29/21 | 15 | USD | 3,351,015 | (117,775 | ) | ||||||||||||||
| Cotton No. 2 Futures |
12/08/21 | 219 | USD | 11,585,100 | 2,421,531 | |||||||||||||||
| DAX Index Futures |
12/17/21 | 32 | EUR | 12,230,400 | (375,824 | ) | ||||||||||||||
| Euro STOXX 50 Index Futures |
12/17/21 | 977 | EUR | 39,548,960 | (1,223,047 | ) | ||||||||||||||
| Euro-Bund Futures |
12/08/21 | 3,212 | EUR | 545,461,840 | (10,291,087 | ) | ||||||||||||||
| FTSE 100 Index Futures |
12/17/21 | 460 | GBP | 32,538,100 | 332,899 | |||||||||||||||
| FTSE JSE Top 40 Index Futures |
12/15/21 | 149 | ZAR | 86,689,690 | (18,878 | ) | ||||||||||||||
| FTSE MIB Index Futures |
12/17/21 | 25 | EUR | 3,171,625 | (35,456 | ) | ||||||||||||||
| FTSE Taiwan Index Futures |
10/28/21 | 197 | USD | 11,654,520 | (242,022 | ) | ||||||||||||||
| Hang Seng China Enterprises Index Futures |
10/28/21 | 362 | HKD | 157,850,100 | 185,730 | |||||||||||||||
| Hang Seng Index Futures |
10/28/21 | 44 | HKD | 53,952,800 | 51,897 | |||||||||||||||
| IBEX 35 Index Futures |
10/15/21 | 36 | EUR | 3,173,904 | 16,458 | |||||||||||||||
| Japanese Government 10 Year Bond Futures |
12/13/21 | 215 | JPY | 32,544,550,000 | (929,483 | ) | ||||||||||||||
| KOSPI 200 Index Futures |
12/09/21 | 120 | KRW | 12,045,000,000 | (379,087 | ) | ||||||||||||||
| LME Nickel Futures |
10/01/21 | 2 | USD | 220,290 | 3,258 | |||||||||||||||
| LME Nickel Futures |
10/29/21 | 4 | USD | 430,566 | (44,196 | ) | ||||||||||||||
| LME Nickel Futures |
11/05/21 | 4 | USD | 430,536 | (34,697 | ) | ||||||||||||||
| LME Nickel Futures |
12/10/21 | 3 | USD | 322,835 | (43,580 | ) | ||||||||||||||
| LME Nickel Futures |
12/13/21 | 125 | USD | 13,452,375 | (572,103 | ) | ||||||||||||||
| LME Nickel Futures |
12/16/21 | 1 | USD | 107,595 | (9,094 | ) | ||||||||||||||
| LME Nickel Futures |
12/29/21 | 4 | USD | 430,476 | (13,416 | ) | ||||||||||||||
| LME Primary Aluminum Futures |
10/01/21 | 16 | USD | 1,157,840 | 157,013 | |||||||||||||||
| LME Primary Aluminum Futures |
10/29/21 | 9 | USD | 641,491 | 66,611 | |||||||||||||||
| LME Primary Aluminum Futures |
11/05/21 | 13 | USD | 927,397 | 87,453 | |||||||||||||||
| LME Primary Aluminum Futures |
12/10/21 | 8 | USD | 571,550 | (5,011 | ) | ||||||||||||||
| LME Primary Aluminum Futures |
12/15/21 | 511 | USD | 36,501,369 | 4,614,226 | |||||||||||||||
| LME Primary Aluminum Futures |
12/16/21 | 4 | USD | 285,625 | (1,987 | ) | ||||||||||||||
| LME Primary Aluminum Futures |
12/17/21 | 2 | USD | 142,763 | (1,643 | ) | ||||||||||||||
| LME Primary Aluminum Futures |
12/29/21 | 22 | USD | 1,572,175 | (42,690 | ) | ||||||||||||||
| LME Zinc Futures |
12/29/21 | 8 | USD | 597,558 | (17,366 | ) | ||||||||||||||
| LME Zinc Futures |
10/01/21 | 5 | USD | 380,175 | 10,441 | |||||||||||||||
| LME Zinc Futures |
10/29/21 | 9 | USD | 670,388 | (3,108 | ) | ||||||||||||||
| LME Zinc Futures |
11/05/21 | 8 | USD | 596,300 | (4,019 | ) | ||||||||||||||
| LME Zinc Futures |
12/10/21 | 8 | USD | 597,244 | (21,971 | ) | ||||||||||||||
| LME Zinc Futures |
12/13/21 | 243 | USD | 18,146,025 | 174,347 | |||||||||||||||
| LME Zinc Futures |
12/16/21 | 3 | USD | 223,988 | (6,436 | ) | ||||||||||||||
| LME Zinc Futures |
12/17/21 | 1 | USD | 74,650 | (2,881 | ) | ||||||||||||||
| LME Zinc Futures |
12/20/21 | 1 | USD | 74,669 | (1,126 | ) | ||||||||||||||
| Lead Futures |
10/01/21 | 2 | USD | 107,850 | (3,730 | ) | ||||||||||||||
| Lead Futures |
10/29/21 | 4 | USD | 210,479 | (25,954 | ) | ||||||||||||||
| Lead Futures |
11/05/21 | 4 | USD | 210,550 | (27,663 | ) | ||||||||||||||
| Lead Futures |
12/10/21 | 6 | USD | 314,700 | (32,839 | ) | ||||||||||||||
| Lead Futures |
12/13/21 | 103 | USD | 5,397,200 | (537,483 | ) | ||||||||||||||
| Lead Futures |
12/16/21 | 2 | USD | 104,600 | (7,681 | ) | ||||||||||||||
| Lead Futures |
12/17/21 | 1 | USD | 52,306 | (3,247 | ) | ||||||||||||||
| Lead Futures |
12/20/21 | 1 | USD | 52,325 | (1,932 | ) | ||||||||||||||
| Lead Futures |
12/29/21 | 3 | USD | 156,944 | (5,064 | ) | ||||||||||||||
| Lean Hogs Futures |
12/14/21 | 277 | USD | 9,462,320 | 413,294 | |||||||||||||||
| Live Cattle Futures |
12/31/21 | 186 | USD | 9,353,940 | (421,620 | ) | ||||||||||||||
| Russell 2000 Index E-Mini Futures |
12/17/21 | 525 | USD | 57,771,000 | (752,855 | ) | ||||||||||||||
BHFTI-52
Brighthouse Funds Trust I
AQR Global Risk Balanced Portfolio
Consolidated Schedule of Investments as of September 30, 2021 (Unaudited)
Futures Contracts—(Continued)
| Futures Contracts—Long |
Expiration Date |
Number of Contracts |
Notional Value |
Value/ Unrealized Appreciation/ (Depreciation) |
||||||||||||||||
| S&P 500 Index E-Mini Futures |
12/17/21 | 3,319 | USD | 713,211,613 | $ | (28,106,979 | ) | |||||||||||||
| S&P Midcap 400 Index E-Mini Futures |
12/17/21 | 218 | USD | 57,403,760 | (1,235,151 | ) | ||||||||||||||
| S&P TSX 60 Index Futures |
12/16/21 | 180 | CAD | 43,059,600 | (843,514 | ) | ||||||||||||||
| SGX CNX Nifty Index Futures |
10/28/21 | 607 | USD | 21,368,828 | (238,676 | ) | ||||||||||||||
| SPI 200 Index Futures |
12/16/21 | 160 | AUD | 29,172,000 | (319,933 | ) | ||||||||||||||
| Soybean Futures |
01/14/22 | 459 | USD | 29,043,225 | (527,170 | ) | ||||||||||||||
| Soybean Meal Futures |
12/14/21 | 191 | USD | 6,278,170 | (1,227,962 | ) | ||||||||||||||
| Soybean Oil Futures |
12/14/21 | 209 | USD | 7,359,726 | 175,600 | |||||||||||||||
| Sugar No. 11 Futures |
02/28/22 | 528 | USD | 12,028,262 | 390,865 | |||||||||||||||
| TOPIX Index Futures |
12/09/21 | 407 | JPY | 8,264,135,000 | (868,443 | ) | ||||||||||||||
| U.S. Treasury Note 10 Year Futures |
12/21/21 | 8,377 | USD | 1,102,491,734 | (13,364,825 | ) | ||||||||||||||
| United Kingdom Long Gilt Bond Futures |
12/29/21 | 1,037 | GBP | 129,780,550 | (5,168,373 | ) | ||||||||||||||
| Wheat Futures |
12/14/21 | 135 | USD | 4,897,125 | 463,983 | |||||||||||||||
| Futures Contracts—Short |
||||||||||||||||||||
| Copper Futures |
10/01/21 | (12 | ) | USD | (2,752,200 | ) | 67,419 | |||||||||||||
| Copper Futures |
10/29/21 | (8 | ) | USD | (1,787,942 | ) | 167,637 | |||||||||||||
| Copper Futures |
11/05/21 | (9 | ) | USD | (2,011,370 | ) | 112,607 | |||||||||||||
| Copper Futures |
12/10/21 | (6 | ) | USD | (1,340,588 | ) | 87,547 | |||||||||||||
| Copper Futures |
12/15/21 | (17 | ) | USD | (3,797,906 | ) | 142,007 | |||||||||||||
| Copper Futures |
12/16/21 | (1 | ) | USD | (223,356 | ) | 12,745 | |||||||||||||
| Copper Futures |
12/17/21 | (1 | ) | USD | (223,344 | ) | 11,784 | |||||||||||||
| Copper Futures |
12/29/21 | (15 | ) | USD | (3,351,015 | ) | 106,585 | |||||||||||||
| LME Nickel Futures |
10/01/21 | (2 | ) | USD | (220,290 | ) | (2,969 | ) | ||||||||||||
| LME Nickel Futures |
10/29/21 | (4 | ) | USD | (430,566 | ) | 45,462 | |||||||||||||
| LME Nickel Futures |
11/05/21 | (4 | ) | USD | (430,536 | ) | 33,252 | |||||||||||||
| LME Nickel Futures |
12/10/21 | (3 | ) | USD | (322,835 | ) | 44,717 | |||||||||||||
| LME Nickel Futures |
12/13/21 | (4 | ) | USD | (430,476 | ) | 13,458 | |||||||||||||
| LME Nickel Futures |
12/16/21 | (1 | ) | USD | (107,595 | ) | 8,922 | |||||||||||||
| LME Nickel Futures |
12/29/21 | (4 | ) | USD | (430,476 | ) | 12,391 | |||||||||||||
| LME Primary Aluminum Futures |
10/01/21 | (16 | ) | USD | (1,157,840 | ) | (155,950 | ) | ||||||||||||
| LME Primary Aluminum Futures |
10/29/21 | (9 | ) | USD | (641,491 | ) | (67,763 | ) | ||||||||||||
| LME Primary Aluminum Futures |
11/05/21 | (13 | ) | USD | (927,397 | ) | (88,611 | ) | ||||||||||||
| LME Primary Aluminum Futures |
12/10/21 | (8 | ) | USD | (571,550 | ) | 4,026 | |||||||||||||
| LME Primary Aluminum Futures |
12/15/21 | (28 | ) | USD | (2,000,075 | ) | 46,772 | |||||||||||||
| LME Primary Aluminum Futures |
12/16/21 | (4 | ) | USD | (285,625 | ) | 2,590 | |||||||||||||
| LME Primary Aluminum Futures |
12/17/21 | (2 | ) | USD | (142,763 | ) | 2,457 | |||||||||||||
| LME Primary Aluminum Futures |
12/29/21 | (22 | ) | USD | (1,572,175 | ) | 37,736 | |||||||||||||
| LME Zinc Futures |
10/01/21 | (5 | ) | USD | (380,175 | ) | (10,805 | ) | ||||||||||||
| LME Zinc Futures |
10/29/21 | (9 | ) | USD | (670,388 | ) | 2,336 | |||||||||||||
| LME Zinc Futures |
11/05/21 | (8 | ) | USD | (596,300 | ) | (324 | ) | ||||||||||||
| LME Zinc Futures |
12/10/21 | (8 | ) | USD | (597,244 | ) | 20,332 | |||||||||||||
| LME Zinc Futures |
12/13/21 | (8 | ) | USD | (597,400 | ) | 17,426 | |||||||||||||
| LME Zinc Futures |
12/16/21 | (3 | ) | USD | (223,988 | ) | 5,991 | |||||||||||||
| LME Zinc Futures |
12/17/21 | (1 | ) | USD | (74,650 | ) | 2,647 | |||||||||||||
| LME Zinc Futures |
12/20/21 | (1 | ) | USD | (74,669 | ) | 1,103 | |||||||||||||
| LME Zinc Futures |
12/29/21 | (8 | ) | USD | (597,558 | ) | 14,644 | |||||||||||||
| Lead Futures |
12/10/21 | (6 | ) | USD | (314,700 | ) | 33,734 | |||||||||||||
| Lead Futures |
10/01/21 | (2 | ) | USD | (107,850 | ) | 4,516 | |||||||||||||
| Lead Futures |
10/29/21 | (4 | ) | USD | (210,479 | ) | 26,611 | |||||||||||||
| Lead Futures |
11/05/21 | (4 | ) | USD | (210,550 | ) | 27,840 | |||||||||||||
| Lead Futures |
12/13/21 | (3 | ) | USD | (157,200 | ) | 5,092 | |||||||||||||
| Lead Futures |
12/16/21 | (2 | ) | USD | (104,600 | ) | 7,595 | |||||||||||||
| Lead Futures |
12/17/21 | (1 | ) | USD | (52,306 | ) | 3,041 | |||||||||||||
| Lead Futures |
12/20/21 | (1 | ) | USD | (52,325 | ) | 1,872 | |||||||||||||
| Lead Futures |
12/29/21 | (3 | ) | USD | (156,944 | ) | 5,409 | |||||||||||||
|
|
|
|||||||||||||||||||
| Net Unrealized Depreciation |
|
$ | (68,511,636 | ) | ||||||||||||||||
|
|
|
|||||||||||||||||||
BHFTI-53
Brighthouse Funds Trust I
AQR Global Risk Balanced Portfolio
Consolidated Schedule of Investments as of September 30, 2021 (Unaudited)
Swap Agreements
OTC Total Return Swaps
| Maturity Date |
Counterparty | Underlying Reference Instrument |
Notional Amount |
Market Value |
Upfront Premium Paid/ (Received) |
Unrealized Appreciation/ (Depreciation)(1) |
||||||||||||||||||||
| 10/13/21 | GSI | Bovespa Index Futures | BRL | 17,481,309 | $ | (260,611 | ) | $ | — | $ | (260,611 | ) | ||||||||||||||
| 10/13/21 | MLI | Bovespa Index Futures | BRL | 29,395,377 | (414,267 | ) | — | (414,267 | ) | |||||||||||||||||
| 11/29/21 | MLI | Brent Crude Oil Futures |
USD | 59,823,770 | 1,037,280 | — | 1,037,280 | |||||||||||||||||||
| 12/20/21 | BOA | Canada 10 Year Bond Futures | CAD | 32,313,420 | (647,734 | ) | — | (647,734 | ) | |||||||||||||||||
| 11/12/21 | CBNA | Coffee Futures | USD | 1,986,123 | 123,627 | — | 123,627 | |||||||||||||||||||
| 11/12/21 | MLI | Coffee Futures | USD | 14,879,428 | 907,322 | — | 907,322 | |||||||||||||||||||
| 11/26/21 | CBNA | Corn Futures | USD | 3,213,414 | (153,939 | ) | — | (153,939 | ) | |||||||||||||||||
| 11/26/21 | MLI | Corn Futures | USD | 40,256,019 | (1,448,994 | ) | — | (1,448,994 | ) | |||||||||||||||||
| 11/12/21 | MLI | Cotton No. 2 Futures | USD | 776,785 | 122,515 | — | 122,515 | |||||||||||||||||||
| 12/08/21 | BOA | Euro Bund 10 Year Futures | EUR | 301,235,997 | (5,282,605 | ) | — | (5,282,605 | ) | |||||||||||||||||
| 11/30/21 | MLI | Gold Futures | USD | 85,704,390 | (2,598,290 | ) | — | (2,598,290 | ) | |||||||||||||||||
| 10/28/21 | GSI | Hang Seng China Enterprises Index Futures | HKD | 270,529,557 | 313,148 | — | 313,148 | |||||||||||||||||||
| 10/28/21 | MLI | Hang Seng China Enterprises Index Futures | HKD | 27,274,087 | 25,314 | — | 25,314 | |||||||||||||||||||
| 10/28/21 | GSI | Hang Seng Index Futures | HKD | 10,972,518 | 8,130 | — | 8,130 | |||||||||||||||||||
| 10/28/21 | MLI | Hang Seng Index Futures | HKD | 6,079,540 | 6,610 | — | 6,610 | |||||||||||||||||||
| 10/28/21 | CBNA | Heating Oil ULSD Futures | USD | 452,567 | 38,518 | — | 38,518 | |||||||||||||||||||
| 10/28/21 | CBNA | Heating Oil ULSD Futures | USD | 1,068,176 | 9,162 | — | 9,162 | |||||||||||||||||||
| 10/28/21 | MLI | Heating Oil ULSD Futures | USD | 3,442,253 | 289,993 | — | 289,993 | |||||||||||||||||||
| 11/29/21 | MLI | Heating Oil ULSD Futures | USD | 15,417,864 | 252,504 | — | 252,504 | |||||||||||||||||||
| 12/13/21 | BOA | Japanese Government 10 Year Bond Futures | JPY | 18,529,416,000 | (559,558 | ) | — | (559,558 | ) | |||||||||||||||||
| 11/26/21 | MLI | KC Hard Red Winter Wheat Futures | USD | 5,138,450 | 861,900 | — | 861,900 | |||||||||||||||||||
| 12/09/21 | MLI | KOSPI 200 Index Futures | KRW | 14,898,199,575 | (459,945 | ) | — | (459,945 | ) | |||||||||||||||||
| 12/03/21 | MLI | Live Cattle Futures | USD | 18,713,115 | (860,165 | ) | — | (860,165 | ) | |||||||||||||||||
| 11/10/21 | CBNA | Low Sulphur Gas Oil Futures | USD | 365,828 | 39,473 | — | 39,473 | |||||||||||||||||||
| 12/09/21 | CBNA | Low Sulphur Gas Oil Futures | USD | 267,850 | (2,850 | ) | — | (2,850 | ) | |||||||||||||||||
| 11/10/21 | MLI | Low Sulphur Gas Oil Futures | USD | 4,630,300 | 503,500 | — | 503,500 | |||||||||||||||||||
| 12/09/21 | MLI | Low Sulphur Gas Oil Futures | USD | 20,601,200 | 266,900 | — | 266,900 | |||||||||||||||||||
| 11/26/21 | MLI | Natural Gas Futures | USD | 14,048,900 | 1,767,340 | — | 1,767,340 | |||||||||||||||||||
| 10/28/21 | CBNA | RBOB Gasoline Futures | USD | 598,087 | 46,949 | — | 46,949 | |||||||||||||||||||
| 11/29/21 | CBNA | RBOB Gasoline Futures | USD | 1,353,360 | 4,984 | — | 4,984 | |||||||||||||||||||
| 10/28/21 | MLI | RBOB Gasoline Futures | USD | 3,517,013 | 261,054 | — | 261,054 | |||||||||||||||||||
| 11/29/21 | MLI | RBOB Gasoline Futures | USD | 14,887,194 | 54,579 | — | 54,579 | |||||||||||||||||||
| 11/30/21 | MLI | Silver Futures | USD | 22,491,475 | (2,979,880 | ) | — | (2,979,880 | ) | |||||||||||||||||
| 12/23/21 | CBNA | Soybean Futures | USD | 3,427,612 | (74,037 | ) | — | (74,037 | ) | |||||||||||||||||
| 12/23/21 | MLI | Soybean Futures | USD | 11,940,825 | (234,950 | ) | — | (234,950 | ) | |||||||||||||||||
| 11/26/21 | MLI | Soy Meal Futures | USD | 14,074,840 | (2,438,860 | ) | — | (2,438,860 | ) | |||||||||||||||||
| 11/26/21 | MLI | Soybean Oil Futures | USD | 16,341,665 | 772,338 | — | 772,338 | |||||||||||||||||||
| 02/15/22 | MLI | Sugar Futures | USD | 26,090,876 | 858,810 | — | 858,810 | |||||||||||||||||||
| 12/17/21 | MLI | Swiss Market Index Futures | CHF | 28,304,624 | (1,118,380 | ) | — | (1,118,380 | ) | |||||||||||||||||
| 10/20/21 | GSI | TAIEX Futures | TWD | 375,519,238 | (361,402 | ) | — | (361,402 | ) | |||||||||||||||||
| 10/20/21 | MLI | TAIEX Futures | TWD | 31,313,733 | (30,851 | ) | — | (30,851 | ) | |||||||||||||||||
| 12/21/21 | BOA | U.S. Treasury Note 10 Year Futures | USD | 1,294,385,453 | (15,405,546 | ) | — | (15,405,546 | ) | |||||||||||||||||
| 12/29/21 | BOA | United Kingdom 10 Year Gilt Futures | GBP | 54,508,711 | (2,115,769 | ) | — | (2,115,769 | ) | |||||||||||||||||
| 10/19/21 | MLI | WTI Crude Oil Futures | USD | 11,770,920 | 1,209,270 | — | 1,209,270 | |||||||||||||||||||
| 11/18/21 | MLI | WTI Crude Oil Futures | USD | 51,841,440 | 360 | — | 360 | |||||||||||||||||||
| 11/26/21 | MLI | Wheat Futures | USD | 9,958,750 | 1,286,500 | — | 1,286,500 | |||||||||||||||||||
|
|
|
|
|
|
|
|||||||||||||||||||||
| Totals | $ | (26,380,553 | ) | $ | — | $ | (26,380,553 | ) | ||||||||||||||||||
|
|
|
|
|
|
|
|||||||||||||||||||||
| (1) | There is no upfront payment premium paid or (received), therefore Market Value equals Unrealized Appreciation/(Depreciation). |
BHFTI-54
Brighthouse Funds Trust I
AQR Global Risk Balanced Portfolio
Consolidated Schedule of Investments as of September 30, 2021 (Unaudited)
Glossary of Abbreviations
Counterparties
| (BOA)— | Bank of America N.A. | |||
| (CBNA)— | Citibank N.A. | |||
| (GSI)— | Goldman Sachs International | |||
| (MLI)— | Merrill Lynch International | |||
Currencies
| (AUD)— | Australian Dollar | |||
| (BRL)— | Brazilian Real | |||
| (CAD)— | Canadian Dollar | |||
| (CHF)— | Swiss Franc | |||
| (EUR)— | Euro | |||
| (GBP)— | British Pound | |||
| (HKD)— | Hong Kong Dollar | |||
| (JPY)— | Japanese Yen | |||
| (KRW)— | South Korean Won | |||
| (TWD)— | Taiwanese Dollar | |||
| (USD)— | United States Dollar | |||
| (ZAR)— | South African Rand | |||
Fair Value Hierarchy
Accounting principles generally accepted in the United States of America (“GAAP”) define fair market value as the price that the Portfolio would receive to sell an asset or pay to transfer a liability in an orderly transaction between market participants at the measurement date. It establishes a fair value hierarchy that prioritizes inputs to valuation methods and requires disclosure of the fair value hierarchy, separately for each major category of assets and liabilities, that segregates fair value measurements into three levels. Levels 1, 2 and 3 of the fair value hierarchy are defined as follows:
Level 1 - unadjusted quoted prices in active markets for identical investments
Level 2 - other significant observable inputs (including, but not limited to, quoted prices for similar assets or liabilities in markets that are either active or inactive; inputs other than quoted prices that are observable such as interest rates, yield curves, volatilities, prepayment speeds, loss severities, credit risks, default rates, or other market corroborated inputs)
Level 3 - significant unobservable inputs based on the best information available in the circumstances, to the extent observable inputs are unavailable (including the Portfolio’s own assumptions used in determining the fair value of investments and derivative financial instruments)
The inputs or methodologies used for valuing investments are not necessarily an indication of the risk associated with investing in them. Changes to the inputs or methodologies used may result in transfers between levels. A reconciliation of Level 3 securities, if any, will be disclosed following the fair value hierarchy table. For more information about the Portfolio’s policy regarding the valuation of investments, please refer to the Notes to Schedule of Investments.
The following table summarizes the fair value hierarchy of the Portfolio’s investments as of September 30, 2021:
| Description | Level 1 | Level 2 | Level 3 | Total | ||||||||||||
| Total U.S. Treasury & Government Agencies* |
$ | — | $ | 854,692,076 | $ | — | $ | 854,692,076 | ||||||||
| Total Foreign Government* |
— | 530,128,230 | — | 530,128,230 | ||||||||||||
| Short-Term Investments |
| |||||||||||||||
| Mutual Funds |
947,665,695 | — | — | 947,665,695 | ||||||||||||
| U.S. Treasury |
— | 436,763,852 | — | 436,763,852 | ||||||||||||
| Total Short-Term Investments |
947,665,695 | 436,763,852 | — | 1,384,429,547 | ||||||||||||
| Total Investments |
$ | 947,665,695 | $ | 1,821,584,158 | $ | — | $ | 2,769,249,853 | ||||||||
| Forward Contracts |
| |||||||||||||||
| Forward Foreign Currency Exchange Contracts (Unrealized Appreciation) |
$ | — | $ | 8,298,762 | $ | — | $ | 8,298,762 | ||||||||
| Futures Contracts |
| |||||||||||||||
| Futures Contracts (Unrealized Appreciation) |
$ | 10,955,364 | $ | — | $ | — | $ | 10,955,364 | ||||||||
| Futures Contracts (Unrealized Depreciation) |
(79,467,000 | ) | — | — | (79,467,000 | ) | ||||||||||
| Total Futures Contracts |
$ | (68,511,636 | ) | $ | — | $ | — | $ | (68,511,636 | ) | ||||||
| OTC Swap Contracts |
| |||||||||||||||
| OTC Swap Contracts at Value (Assets) |
$ | — | $ | 11,068,080 | $ | — | $ | 11,068,080 | ||||||||
| OTC Swap Contracts at Value (Liabilities) |
— | (37,448,633 | ) | — | (37,448,633 | ) | ||||||||||
| Total OTC Swap Contracts |
$ | — | $ | (26,380,553 | ) | $ | — | $ | (26,380,553 | ) | ||||||
| * | See Consolidated Schedule of Investments for additional detailed categorizations. | |||
BHFTI-55
Brighthouse Funds Trust I
BlackRock Global Tactical Strategies Portfolio
Consolidated Schedule of Investments as of September 30, 2021 (Unaudited)
Mutual Funds—86.0% of Net Assets
| Security Description | Shares/ Principal Amount* |
Value | ||||||
| Investment Company Securities—86.0% | ||||||||
| Communication Services Select Sector SPDR Fund (a) |
1,272,895 | $ | 101,971,618 | |||||
| Consumer Discretionary Select Sector SPDR Fund (a) |
617,174 | 110,751,874 | ||||||
| Consumer Staples Select Sector SPDR Fund (a) |
751,680 | 51,745,651 | ||||||
| Energy Select Sector SPDR Fund (a) |
471,446 | 24,557,622 | ||||||
| Financial Select Sector SPDR Fund (a) |
2,715,738 | 101,921,647 | ||||||
| Health Care Select Sector SPDR Fund (a) |
932,116 | 118,658,367 | ||||||
| Industrial Select Sector SPDR Fund (a) |
734,689 | 71,881,972 | ||||||
| iShares Core MSCI EAFE ETF (a) (b) |
17,301,112 | 1,284,607,566 | ||||||
| iShares Core S&P 500 ETF (a) (b) |
1,474,179 | 635,105,797 | ||||||
| iShares Core U.S. Aggregate Bond |
8,942,817 | 1,026,903,676 | ||||||
| iShares U.S. Real Estate ETF (a) (b) |
1,127,114 | 115,405,203 | ||||||
| Materials Select Sector SPDR Fund (a) |
280,757 | 22,210,686 | ||||||
| Real Estate Select Sector SPDR Fund (a) |
520,453 | 23,134,136 | ||||||
| Technology Select Sector SPDR Fund (a) |
1,654,917 | 247,112,206 | ||||||
| Utilities Select Sector SPDR Fund (a) |
344,321 | 21,995,226 | ||||||
| Vanguard Total Bond Market ETF (a) |
13,150,670 | 1,123,724,752 | ||||||
|
|
|
|||||||
| Total Mutual Funds |
5,081,687,999 | |||||||
|
|
|
|||||||
| Short-Term Investments—8.8% |
| |||||||
| Mutual Funds—5.9% | ||||||||
| SSGA USD Liquidity Fund, D Shares, 0.000% (c) |
346,406,602 | 346,406,602 | ||||||
|
|
|
|||||||
| Repurchase Agreement—2.9% | ||||||||
| Fixed Income Clearing Corp. |
172,541,342 | 172,541,342 | ||||||
|
|
|
|||||||
| Total Short-Term Investments |
518,947,944 | |||||||
|
|
|
|||||||
| Securities Lending Reinvestments (d)—22.6% |
| |||||||
| Certificates of Deposit—7.8% | ||||||||
| Agricultural Bank of China |
20,000,000 | 20,001,160 | ||||||
| Bank of Montreal (Chicago) |
17,000,000 | 16,999,694 | ||||||
| Barclays Bank plc |
35,000,000 | 35,020,195 | ||||||
| Cooperatieve Rabobank UA |
6,000,000 | 6,000,840 | ||||||
| 0.170%, 03/18/22 |
15,000,000 | 15,000,000 | ||||||
| Credit Industriel et Commercial |
20,000,000 | 19,999,200 | ||||||
| Goldman Sachs Bank USA |
15,000,000 | 15,001,050 | ||||||
| Mitsubishi UFJ Trust and Banking Corp. (London) |
| |||||||
| Zero Coupon, 11/15/21 |
35,000,000 | 34,994,400 | ||||||
| Certificates of Deposit—(Continued) | ||||||||
| Mizuho Bank, Ltd. |
25,000,000 | 24,998,775 | ||||||
| MUFG Bank Ltd. |
20,000,000 | 20,000,000 | ||||||
| 0.150%, 01/11/22 |
15,000,000 | 15,000,420 | ||||||
| National Australia Bank, Ltd. |
10,000,000 | 9,999,500 | ||||||
| Natixis S.A. (New York) |
20,000,000 | 20,003,060 | ||||||
| Oversea-Chinese Banking Corp., Ltd. |
30,000,000 | 30,001,620 | ||||||
| Royal Bank of Canada New York |
| |||||||
| 0.185%, 3M LIBOR + 0.040%, 10/05/21 (e) |
8,000,000 | 8,000,088 | ||||||
| 0.210%, 3M LIBOR + 0.090%, 12/02/21 (e) |
4,000,000 | 4,000,696 | ||||||
| Societe Generale |
20,000,000 | 19,999,080 | ||||||
| Standard Chartered Bank (NY) |
20,000,000 | 20,000,000 | ||||||
| 0.170%, 03/28/22 |
25,000,000 | 25,000,000 | ||||||
| Sumitomo Mitsui Banking Corp. |
| |||||||
| 0.142%, 1M LIBOR + 0.060%, 12/17/21 (e) |
9,000,000 | 9,000,216 | ||||||
| 0.150%, SOFR + 0.100%, 03/15/22 (e) |
25,000,000 | 24,997,825 | ||||||
| Sumitomo Mitsui Trust Bank (London) |
| |||||||
| Zero Coupon, 12/20/21 |
18,000,000 | 17,994,600 | ||||||
| Sumitomo Mitsui Trust Bank, Ltd. |
| |||||||
| Zero Coupon, 02/10/22 |
15,000,000 | 14,991,600 | ||||||
| Zero Coupon, 03/15/22 |
9,000,000 | 8,993,250 | ||||||
| Zero Coupon, 03/21/22 |
7,000,000 | 6,994,260 | ||||||
| 0.060%, 10/05/21 |
20,000,000 | 19,999,880 | ||||||
|
|
|
|||||||
| 462,991,409 | ||||||||
|
|
|
|||||||
| Commercial Paper—0.5% | ||||||||
| Antalis S.A. |
10,000,000 | 9,997,150 | ||||||
| UBS AG |
21,000,000 | 20,980,522 | ||||||
|
|
|
|||||||
| 30,977,672 | ||||||||
|
|
|
|||||||
| Master Demand Notes—0.1% | ||||||||
| Natixis Financial Products LLC |
4,000,000 | 4,000,000 | ||||||
| 0.320%, OBFR + 0.250%, 10/01/21 (e) |
3,000,000 | 3,000,000 | ||||||
|
|
|
|||||||
| 7,000,000 | ||||||||
|
|
|
|||||||
| Repurchase Agreements—10.2% | ||||||||
| Barclays Bank plc |
18,500,000 | 18,500,000 | ||||||
BHFTI-56
Brighthouse Funds Trust I
BlackRock Global Tactical Strategies Portfolio
Consolidated Schedule of Investments as of September 30, 2021 (Unaudited)
Securities Lending Reinvestments (d)—(Continued)
| Security Description | Principal |
Value | ||||||
| Repurchase Agreements—(Continued) | ||||||||
| Barclays Bank plc |
63,000,000 | $ | 63,000,000 | |||||
| Barclays Capital, Inc. |
367,488 | 367,488 | ||||||
| BofA Securities, Inc. |
100,000,000 | 100,000,000 | ||||||
| Repurchase Agreement dated 09/30/21 at 0.350%, due on 11/04/21 with a maturity value of $30,010,208; collateralized by U.S. Treasury Obligations with rates ranging from 0.000% - 4.375%, maturity dates ranging from 10/21/21 - 08/15/48, and various Common Stock with an aggregate market value of $31,251,717. |
30,000,000 | 30,000,000 | ||||||
| CF Secured LLC |
6,000,000 | 6,000,000 | ||||||
| Citigroup Global Markets Ltd. |
50,000,000 | 50,000,000 | ||||||
| Citigroup Global Markets, Inc. |
20,000,000 | 20,000,000 | ||||||
| Deutsche Bank AG, London |
19,607,391 | 19,607,391 | ||||||
| National Bank of Canada |
5,000,000 | 5,000,000 | ||||||
| Repurchase Agreements—(Continued) | ||||||||
| NBC Global Finance, Ltd. |
40,000,000 | 40,000,000 | ||||||
| Repurchase Agreement dated 09/30/21 at 0.235%, due on 10/07/21 with a maturity value of $55,413,544; collateralized by U.S. Treasury Obligations with rates ranging from 0.095% - 2.250%, maturity dates ranging from 07/31/22 - 11/15/27, and various Common Stock with an aggregate market value of $61,507,953. |
55,411,012 | 55,411,012 | ||||||
| Repurchase Agreement dated 09/30/21 at 0.250%, due on 10/07/21 with a maturity value of $33,701,638; collateralized by U.S. Treasury Obligations with rates ranging from 0.095% - 2.000%, maturity dates ranging from 07/31/22 - 02/15/50, and various Common Stock with an aggregate market value of $37,427,833. |
33,700,000 | 33,700,000 | ||||||
| Royal Bank of Canada |
20,000,000 | 20,000,000 | ||||||
| Societe Generale |
10,000,000 | 10,000,000 | ||||||
| Repurchase Agreement dated 09/30/21 at 0.170%, due on 10/01/21 with a maturity value of $83,000,392; collateralized by various Common Stock with an aggregate market value of $92,224,051. |
83,000,000 | 83,000,000 | ||||||
| Repurchase Agreement dated 09/30/21 at 0.200%, due on 10/07/21 with a maturity value of $49,042,197; collateralized by various Common Stock with an aggregate market value of $54,490,292. |
49,040,291 | 49,040,291 | ||||||
|
|
|
|||||||
| 603,626,182 | ||||||||
|
|
|
|||||||
| Time Deposits—3.3% | ||||||||
| ABN AMRO Bank NV |
25,000,000 | 25,000,000 | ||||||
| Canadian Imperial Bank of Commerce (Toronto) |
25,000,000 | 25,000,000 | ||||||
| First Abu Dhabi Bank USA NV |
50,000,000 | 50,000,000 | ||||||
| Landesbank Baden-Wuettertemberg (London) |
39,440,780 | 39,440,780 | ||||||
| National Bank of Canada | ||||||||
| 0.120%, OBFR + 0.050%, 10/07/21 (e) |
15,000,000 | 15,000,000 | ||||||
| 0.140%, OBFR + 0.070%, 10/07/21 (e) |
38,000,000 | 38,000,000 | ||||||
|
|
|
|||||||
| 192,440,780 | ||||||||
|
|
|
|||||||
BHFTI-57
Brighthouse Funds Trust I
BlackRock Global Tactical Strategies Portfolio
Consolidated Schedule of Investments as of September 30, 2021 (Unaudited)
Securities Lending Reinvestments (d)—(Continued)
| Security Description | Shares |
Value | ||||||
| Mutual Funds—0.7% | ||||||||
| Morgan Stanley Liquidity Funds Government Portfolio, Institutional Shares 0.030% (c) |
20,000,000 | $ | 20,000,000 | |||||
| STIT-Government & Agency Portfolio, Institutional Class |
19,979,353 | 19,979,353 | ||||||
|
|
|
|||||||
| 39,979,353 | ||||||||
|
|
|
|||||||
| Total Securities Lending Reinvestments |
1,337,015,396 | |||||||
|
|
|
|||||||
| Total Investments—117.4% |
6,937,651,339 | |||||||
| Other assets and liabilities (net)—(17.4)% |
(1,025,957,530 | ) | ||||||
|
|
|
|||||||
| Net Assets—100.0% | $ | 5,911,693,809 | ||||||
|
|
|
|||||||
| * | Principal amount stated in U.S. dollars unless otherwise noted. | |||
| (a) | All or a portion of the security was held on loan. As of September 30, 2021, the market value of securities loaned was $1,342,937,937 and the collateral received consisted of cash in the amount of $1,336,950,469 and non-cash collateral with a value of $45,550,241. The cash collateral investments are disclosed in the Consolidated Schedule of Investments and categorized as Securities Lending Reinvestments. The non-cash collateral received consists of U.S. government securities that are held in safe-keeping by the lending agent, or a third- party custodian, and cannot be sold or repledged by the Portfolio. | |||
| (b) | Affiliated Issuer. | |||
| (c) | The rate shown represents the annualized seven-day yield as of September 30, 2021. | |||
| (d) | Represents investment of cash collateral received from securities on loan as of September 30, 2021. | |||
| (e) | Variable or floating rate security. The stated rate represents the rate at September 30, 2021. Maturity date shown for callable securities reflects the earliest possible call date. For securities based on a published reference index and spread, the index and spread are indicated in the description above. For certain variable rate securities, the coupon rate is determined by the issuer/agent based on current market conditions. For certain asset- and mortgage-backed securities, the coupon rate may fluctuate based on changes of the underlying collateral or prepayments of principal. These securities do not indicate a reference index and spread in their description above. | |||
Forward Foreign Currency Exchange Contracts
| Contracts to Buy |
Counterparty |
Settlement Date |
In Exchange for |
Unrealized Appreciation/ (Depreciation) |
||||||||||||||||||
| EUR | 171,729,446 | JPMC |
12/15/21 | USD | 203,398,589 | $ | (4,181,386 | ) | ||||||||||||||
|
Contracts to Deliver |
||||||||||||||||||||||
| AUD | 91,844,573 | DBAG |
12/15/21 | USD | 67,806,552 | 1,385,665 | ||||||||||||||||
| CAD | 441 | JPMC |
12/15/21 | USD | 348 | — | ||||||||||||||||
| EUR | 87,990,875 | JPMC |
12/15/21 | USD | 104,217,536 | 2,142,462 | ||||||||||||||||
| JPY | 4,349,006,343 | HSBC |
12/15/21 | USD | 39,484,980 | 384,616 | ||||||||||||||||
| JPY | 7,468,909,841 | JPMC |
12/15/21 | USD | 67,808,305 | 658,003 | ||||||||||||||||
|
|
|
|||||||||||||||||||||
| Net Unrealized Appreciation |
|
$ | 389,360 | |||||||||||||||||||
|
|
|
|||||||||||||||||||||
Futures Contracts
| Futures Contracts—Long |
Expiration Date |
Number of Contracts |
Notional Value |
Value/ Unrealized Appreciation/ (Depreciation) |
||||||||||||||||
| FTSE 100 Index Futures |
12/17/21 | 218 | GBP | 15,420,230 | $ | 251,477 | ||||||||||||||
| FTSE MIB Index Futures |
12/17/21 | 736 | EUR | 93,372,640 | (933,297 | ) | ||||||||||||||
| IBEX 35 Index Futures |
10/15/21 | 1,102 | EUR | 97,156,728 | 1,227,126 | |||||||||||||||
| MSCI EAFE Index Mini Futures |
12/17/21 | 1,728 | USD | 195,868,800 | (8,167,095 | ) | ||||||||||||||
| Russell 2000 Index E-Mini Futures |
12/17/21 | 1,005 | USD | 110,590,200 | (2,266,526 | ) | ||||||||||||||
| TOPIX Index Futures |
12/09/21 | 121 | JPY | 2,456,905,000 | 117,816 | |||||||||||||||
| Futures Contracts—Short |
||||||||||||||||||||
| S&P 500 Index E-Mini Futures |
12/17/21 | (180 | ) | USD | (38,679,750 | ) | 1,663,839 | |||||||||||||
| U.S. Treasury Note 5 Year Futures |
12/31/21 | (2,436 | ) | USD | (298,999,970 | ) | 1,407,696 | |||||||||||||
| U.S. Treasury Ultra Long Bond Futures |
12/21/21 | (540 | ) | USD | (103,173,750 | ) | 2,778,804 | |||||||||||||
|
|
|
|||||||||||||||||||
| Net Unrealized Depreciation |
|
$ | (3,920,160 | ) | ||||||||||||||||
|
|
|
|||||||||||||||||||
BHFTI-58
Brighthouse Funds Trust I
BlackRock Global Tactical Strategies Portfolio
Consolidated Schedule of Investments as of September 30, 2021 (Unaudited)
Swap Agreements
Centrally Cleared Interest Rate Swaps
| Pay/Receive |
Floating Rate Index |
Payment Frequency |
Fixed Rate |
Payment |
Maturity Date |
Notional Amount |
Market Value |
Upfront Premiums Paid/(Received) |
Unrealized Appreciation/ (Depreciation) |
|||||||||||||||||||||||||
| Pay |
3M LIBOR | Quarterly | 1.298% | Semi-Annually | 07/25/31 | USD | 40,000,000 | $ | (975,401 | ) | $ | 628 | $ | (976,029 | ) | |||||||||||||||||||
| Pay |
3M LIBOR | Quarterly | 1.375% | Semi-Annually | 09/14/31 | USD | 334,000,000 | (6,080,954 | ) | (7,392 | ) | (6,073,562 | ) | |||||||||||||||||||||
| Pay |
3M LIBOR | Quarterly | 1.380% | Semi-Annually | 09/13/31 | USD | 357,000,000 | (6,329,292 | ) | (13,748 | ) | (6,315,544 | ) | |||||||||||||||||||||
| Pay |
3M LIBOR | Quarterly | 1.395% | Semi-Annually | 08/16/31 | USD | 370,000,000 | (5,850,662 | ) | 210,127 | (6,060,789 | ) | ||||||||||||||||||||||
| Pay |
3M LIBOR | Quarterly | 1.433% | Semi-Annually | 07/15/31 | USD | 306,000,000 | (3,576,155 | ) | (9,231 | ) | (3,566,924 | ) | |||||||||||||||||||||
| Pay |
3M LIBOR | Quarterly | 1.510% | Semi-Annually | 09/28/31 | USD | 410,000,000 | (2,337,148 | ) | (24,971 | ) | (2,312,177 | ) | |||||||||||||||||||||
|
|
|
|
|
|
|
|||||||||||||||||||||||||||||
| Totals |
|
$ | (25,149,612 | ) | $ | 155,413 | $ | (25,305,025 | ) | |||||||||||||||||||||||||
|
|
|
|
|
|
|
|||||||||||||||||||||||||||||
OTC Total Return Swaps
| Pay/Receive |
Fixed/Floating Rate Index |
Payment Frequency |
Maturity Date |
Counterparty |
Underlying Reference |
Notional Amount |
Market Value |
Upfront Premium Paid/(Received) |
Unrealized Appreciation/ (Depreciation)1 |
|||||||||||||||||||
| Pay |
3M UST | Quarterly | 11/30/21 | JPMC | S&P GSCI Commodity Index | USD 130,186,627 | $ | 7,854,568 | $ | — | $ | 7,854,568 | ||||||||||||||||
| Pay |
0.090% | Quarterly | 11/30/21 | JPMC | S&P GSCI Commodity Index | USD 106,056,986 | 6,398,751 | — | 6,398,751 | |||||||||||||||||||
| Pay |
3M UST | Quarterly | 11/30/21 | JPMC | S&P GSCI Commodity Index | USD 10,286,788 | 647,168 | — | 647,168 | |||||||||||||||||||
|
|
|
|
|
|
|
|||||||||||||||||||||||
| Totals |
|
$ | 14,900,487 | $ | — | $ | 14,900,487 | |||||||||||||||||||||
|
|
|
|
|
|
|
|||||||||||||||||||||||
| (1) | There is no upfront payment premium paid or (received), therefore Market Value equals Unrealized Appreciation/(Depreciation). |
Glossary of Abbreviations
Counterparties
| (DBAG)— | Deutsche Bank AG | |||
| (HSBC)— | HSBC Bank plc | |||
| (JPMC)— | JPMorgan Chase Bank N.A. | |||
Currencies
| (AUD)— | Australian Dollar | |||
| (CAD)— | Canadian Dollar | |||
| (EUR)— | Euro | |||
| (GBP)— | British Pound | |||
| (JPY)— | Japanese Yen | |||
| (USD)— | United States Dollar | |||
Index Abbreviations
| (BSBY)— | Bloomberg Short-Term Bank Yield Index | |||
| (LIBOR)— | London Interbank Offered Rate | |||
| (OBFR)— | U.S. Overnight Bank Funding Rate | |||
| (SOFR)— | Secured Overnight Financing Rate | |||
| (UST)— | U.S. Treasury Bill Rate | |||
Other Abbreviations
| (ETF)— | Exchange-Traded Fund | |||
Fair Value Hierarchy
Accounting principles generally accepted in the United States of America (“GAAP”) define fair market value as the price that the Portfolio would receive to sell an asset or pay to transfer a liability in an orderly transaction between market participants at the measurement date. It establishes a fair value hierarchy that prioritizes inputs to valuation methods and requires disclosure of the fair value hierarchy, separately for each major category of assets and liabilities, that segregates fair value measurements into three levels. Levels 1, 2 and 3 of the fair value hierarchy are defined as follows:
Level 1 - unadjusted quoted prices in active markets for identical investments
Level 2 - other significant observable inputs (including, but not limited to, quoted prices for similar assets or liabilities in markets that are either active or inactive; inputs other than quoted prices that are observable such as interest rates, yield curves, volatilities, prepayment speeds, loss severities, credit risks, default rates, or other market corroborated inputs)
Level 3 - significant unobservable inputs based on the best information available in the circumstances, to the extent observable
inputs are unavailable (including the Portfolio’s own assumptions used in determining the fair value of investments and derivative financial instruments)
The inputs or methodologies used for valuing investments are not necessarily an indication of the risk associated with investing in them. Changes to the inputs or methodologies used may result in transfers between levels. A reconciliation of Level 3 securities, if any, will be disclosed following the fair value hierarchy table. For more information about the Portfolio’s policy regarding the valuation of investments, please refer to the Notes to Schedule of Investments.
BHFTI-59
Brighthouse Funds Trust I
BlackRock Global Tactical Strategies Portfolio
Consolidated Schedule of Investments as of September 30, 2021 (Unaudited)
Fair Value Hierarchy—(Continued)
The following table summarizes the fair value hierarchy of the Portfolio’s investments as of September 30, 2021:
| Description | Level 1 | Level 2 | Level 3 | Total | ||||||||||||
| Mutual Funds |
| |||||||||||||||
| Investment Company Securities |
$ | 5,081,687,999 | $ | — | $ | — | $ | 5,081,687,999 | ||||||||
| Short-Term Investments |
| |||||||||||||||
| Mutual Funds |
346,406,602 | — | — | 346,406,602 | ||||||||||||
| Repurchase Agreement |
— | 172,541,342 | — | 172,541,342 | ||||||||||||
| Total Short-Term Investments |
346,406,602 | 172,541,342 | — | 518,947,944 | ||||||||||||
| Securities Lending Reinvestments |
| |||||||||||||||
| Certificates of Deposit |
— | 462,991,409 | — | 462,991,409 | ||||||||||||
| Commercial Paper |
— | 30,977,672 | — | 30,977,672 | ||||||||||||
| Master Demand Notes |
— | 7,000,000 | — | 7,000,000 | ||||||||||||
| Repurchase Agreements |
— | 603,626,182 | — | 603,626,182 | ||||||||||||
| Time Deposits |
— | 192,440,780 | — | 192,440,780 | ||||||||||||
| Mutual Funds |
19,979,353 | 20,000,000 | — | 39,979,353 | ||||||||||||
| Total Securities Lending Reinvestments |
19,979,353 | 1,317,036,043 | — | 1,337,015,396 | ||||||||||||
| Total Investments |
$ | 5,448,073,954 | $ | 1,489,577,385 | $ | — | $ | 6,937,651,339 | ||||||||
| Collateral for Securities Loaned (Liability) |
$ | — | $ | (1,336,950,469 | ) | $ | — | $ | (1,336,950,469 | ) | ||||||
| Forward Contracts |
| |||||||||||||||
| Forward Foreign Currency Exchange Contracts (Unrealized Appreciation) |
$ | — | $ | 4,570,746 | $ | — | $ | 4,570,746 | ||||||||
| Forward Foreign Currency Exchange Contracts (Unrealized Depreciation) |
— | (4,181,386 | ) | — | (4,181,386 | ) | ||||||||||
| Total Forward Contracts |
$ | — | $ | 389,360 | $ | — | $ | 389,360 | ||||||||
| Futures Contracts |
| |||||||||||||||
| Futures Contracts (Unrealized Appreciation) |
$ | 7,446,758 | $ | — | $ | — | $ | 7,446,758 | ||||||||
| Futures Contracts (Unrealized Depreciation) |
(11,366,918 | ) | — | — | (11,366,918 | ) | ||||||||||
| Total Futures Contracts |
$ | (3,920,160 | ) | $ | — | $ | — | $ | (3,920,160 | ) | ||||||
| Centrally Cleared Swap Contracts |
| |||||||||||||||
| Centrally Cleared Swap Contracts (Unrealized Depreciation) |
$ | — | $ | (25,305,025 | ) | $ | — | $ | (25,305,025 | ) | ||||||
| OTC Swap Contracts |
| |||||||||||||||
| OTC Swap Contracts at Value (Assets) |
$ | — | $ | 14,900,487 | $ | — | $ | 14,900,487 | ||||||||
| * | See Schedule of Investments for additional detailed categorizations. | |||
BHFTI-60
Brighthouse Funds Trust I
BlackRock High Yield Portfolio
Schedule of Investments as of September 30, 2021 (Unaudited)
Corporate Bonds & Notes—83.0% of Net Assets
| Security Description | Principal Amount* |
Value | ||||||
| Advertising—0.8% | ||||||||
| Advantage Sales & Marketing, Inc. |
258,000 | $ | 268,898 | |||||
| Clear Channel International B.V. |
809,000 | 842,371 | ||||||
| Clear Channel Outdoor Holdings, Inc. | ||||||||
| 7.500%, 06/01/29 (144A) |
2,381,000 | 2,476,240 | ||||||
| 7.750%, 04/15/28 (144A) (a) |
1,387,000 | 1,459,818 | ||||||
| Lamar Media Corp. |
132,000 | 135,894 | ||||||
| Midas OpCo Holdings LLC |
275,000 | 284,556 | ||||||
| Outfront Media Capital LLC / Outfront Media Capital Corp. | ||||||||
| 4.250%, 01/15/29 (144A) |
295,000 | 292,389 | ||||||
| 5.000%, 08/15/27 (144A) |
366,000 | 375,388 | ||||||
| Summer BC Holdco A Sarl | ||||||||
| 5.750%, 10/31/26 (EUR) |
100,000 | 121,337 | ||||||
| 9.250%, 10/31/27 (EUR) |
90,105 | 113,402 | ||||||
| Terrier Media Buyer, Inc. |
1,547,000 | 1,635,767 | ||||||
|
|
|
|||||||
| 8,006,060 | ||||||||
|
|
|
|||||||
| Aerospace/Defense—2.9% | ||||||||
| Boeing Co. (The) |
1,713,000 | 2,340,087 | ||||||
| Bombardier, Inc. | ||||||||
| 6.000%, 02/15/28 (144A) (a) |
955,000 | 965,744 | ||||||
| 7.125%, 06/15/26 (144A) |
1,702,000 | 1,787,100 | ||||||
| 7.450%, 05/01/34 (144A) |
110,000 | 128,563 | ||||||
| 7.500%, 12/01/24 (144A) |
1,040,000 | 1,081,600 | ||||||
| 7.500%, 03/15/25 (144A) (a) |
69,000 | 70,464 | ||||||
| 7.875%, 04/15/27 (144A) |
790,000 | 819,013 | ||||||
| F-Brasile S.p.A. / F-Brasile
U.S. LLC |
664,000 | 683,920 | ||||||
| Howmet Aerospace, Inc. |
31,000 | 34,187 | ||||||
| Kratos Defense & Security Solutions, Inc. |
976,000 | 1,011,380 | ||||||
| Rolls-Royce plc |
1,939,000 | 2,142,595 | ||||||
| Spirit AeroSystems, Inc. |
387,000 | 409,252 | ||||||
| TransDigm, Inc. | ||||||||
| 4.625%, 01/15/29 (a) |
656,000 | 654,855 | ||||||
| 4.875%, 05/01/29 |
775,000 | 776,441 | ||||||
| 6.250%, 03/15/26 (144A) |
10,377,000 | 10,818,022 | ||||||
| 6.375%, 06/15/26 |
190,000 | 196,015 | ||||||
| 7.500%, 03/15/27 |
277,000 | 290,158 | ||||||
| 8.000%, 12/15/25 (144A) |
1,955,000 | 2,084,519 | ||||||
| Triumph Group, Inc. |
2,206,000 | 2,426,600 | ||||||
|
|
|
|||||||
| 28,720,515 | ||||||||
|
|
|
|||||||
| Agriculture—0.0% | ||||||||
| Tereos Finance Groupe I S.A. |
100,000 | 124,338 | ||||||
|
|
|
|||||||
| Airlines—1.8% | ||||||||
| Air Canada |
1,134,000 | 1,144,263 | ||||||
| Air France-KLM |
100,000 | 114,985 | ||||||
| American Airlines, Inc. |
1,642,000 | 2,031,975 | ||||||
| American Airlines, Inc./AAdvantage Loyalty IP, Ltd. | ||||||||
| 5.500%, 04/20/26 (144A) |
1,262,020 | 1,326,698 | ||||||
| 5.750%, 04/20/29 (144A) |
2,032,641 | 2,190,171 | ||||||
| Delta Air Lines, Inc. / SkyMiles IP, Ltd. | ||||||||
| 4.750%, 10/20/28 (144A) |
1,337,000 | 1,490,755 | ||||||
| 7.000%, 05/01/25 (144A) |
495,000 | 577,294 | ||||||
| Deutsche Lufthansa AG | ||||||||
| 2.000%, 07/14/24 (EUR) |
100,000 | 117,955 | ||||||
| 3.500%, 07/14/29 (EUR) |
100,000 | 119,607 | ||||||
| 3.750%, 02/11/28 (EUR) |
100,000 | 121,634 | ||||||
| Finnair Oyj |
100,000 | 119,744 | ||||||
| Hawaiian Brand Intellectual Property Ltd. / HawaiianMiles Loyalty, Ltd. |
939,000 | 982,429 | ||||||
| International Consolidated Airlines Group S.A. | ||||||||
| 2.750%, 03/25/25 (EUR) |
100,000 | 116,849 | ||||||
| 3.750%, 03/25/29 (EUR) |
100,000 | 117,226 | ||||||
| Mileage Plus Holdings LLC / Mileage Plus Intellectual Property Assets, Ltd. |
1,807,000 | 1,964,968 | ||||||
| Spirit Loyalty Cayman, Ltd. / Spirit IP Cayman, Ltd. |
89,401 | 100,263 | ||||||
| United Airlines Pass-Through Trust | ||||||||
| 4.875%, 01/15/26 |
116,781 | 123,665 | ||||||
| 5.875%, 10/15/27 |
1,998,709 | 2,236,640 | ||||||
| United Airlines, Inc. | ||||||||
| 4.375%, 04/15/26 (144A) |
1,194,000 | 1,225,342 | ||||||
| 4.625%, 04/15/29 (144A) (a) |
1,077,000 | 1,113,026 | ||||||
|
|
|
|||||||
| 17,335,489 | ||||||||
|
|
|
|||||||
| Apparel—0.2% | ||||||||
| Crocs, Inc. | ||||||||
| 4.125%, 08/15/31 (144A) |
536,000 | 540,020 | ||||||
| 4.250%, 03/15/29 (144A) |
397,000 | 408,541 | ||||||
| Hanesbrands, Inc. |
66,000 | 69,094 | ||||||
| Levi Strauss & Co. |
275,000 | 277,750 | ||||||
| William Carter Co. (The) |
95,000 | 99,816 | ||||||
| Wolverine World Wide, Inc. |
276,000 | 278,760 | ||||||
|
|
|
|||||||
| 1,673,981 | ||||||||
|
|
|
|||||||
| Auto Manufacturers—1.1% | ||||||||
| Allison Transmission, Inc. | ||||||||
| 3.750%, 01/30/31 (144A) |
889,000 | 864,552 | ||||||
| 5.875%, 06/01/29 (144A) |
508,000 | 552,729 | ||||||
BHFTI-61
Brighthouse Funds Trust I
BlackRock High Yield Portfolio
Schedule of Investments as of September 30, 2021 (Unaudited)
Corporate Bonds & Notes—(Continued)
| Security Description | Principal Amount* |
Value | ||||||
| Auto Manufacturers—(Continued) | ||||||||
| Ford Motor Co. | ||||||||
| 4.346%, 12/08/26 |
128,000 | $ | 136,320 | |||||
| 4.750%, 01/15/43 |
227,000 | 237,926 | ||||||
| 5.291%, 12/08/46 |
293,000 | 326,329 | ||||||
| Ford Motor Credit Co. LLC | ||||||||
| 2.700%, 08/10/26 |
800,000 | 801,600 | ||||||
| 2.900%, 02/16/28 |
733,000 | 732,084 | ||||||
| 3.375%, 11/13/25 |
206,000 | 211,665 | ||||||
| 3.625%, 06/17/31 |
200,000 | 201,250 | ||||||
| 3.810%, 01/09/24 |
987,000 | 1,019,077 | ||||||
| 3.815%, 11/02/27 |
200,000 | 207,500 | ||||||
| 4.000%, 11/13/30 |
417,000 | 433,680 | ||||||
| 4.125%, 08/17/27 |
200,000 | 212,100 | ||||||
| 4.134%, 08/04/25 |
916,000 | 968,670 | ||||||
| 4.271%, 01/09/27 |
210,000 | 223,478 | ||||||
| 4.389%, 01/08/26 |
200,000 | 213,250 | ||||||
| 4.687%, 06/09/25 |
200,000 | 214,000 | ||||||
| 5.113%, 05/03/29 |
243,000 | 271,553 | ||||||
| 5.125%, 06/16/25 |
728,000 | 790,790 | ||||||
| General Motors Financial Co., Inc. |
270,000 | 310,838 | ||||||
| Jaguar Land Rover Automotive plc |
100,000 | 114,185 | ||||||
| RCI Banque S.A. |
100,000 | 117,415 | ||||||
| Renault S.A. |
100,000 | 116,993 | ||||||
| Wabash National Corp. | ||||||||
| 4.500%, 10/15/28 (144A) |
606,000 | 605,242 | ||||||
| 5.500%, 10/01/25 (144A) |
513,000 | 520,131 | ||||||
|
|
|
|||||||
| 10,403,357 | ||||||||
|
|
|
|||||||
| Auto Parts & Equipment—1.4% | ||||||||
| Adient U.S. LLC |
413,000 | 446,040 | ||||||
| Clarios Global L.P. |
1,142,000 | 1,204,810 | ||||||
| Clarios Global L.P. / Clarios U.S. Finance Co. | ||||||||
| 4.375%, 05/15/26 (EUR) |
167,000 | 199,976 | ||||||
| 6.250%, 05/15/26 (144A) (a) |
2,392,000 | 2,513,155 | ||||||
| 8.500%, 05/15/27 (144A) |
4,704,000 | 5,003,880 | ||||||
| Dealer Tire LLC / DT Issuer LLC |
755,000 | 790,423 | ||||||
| Dornoch Debt Merger Sub, Inc. |
306,000 | 306,000 | ||||||
| Faurecia SE |
100,000 | 120,468 | ||||||
| Goodyear Tire & Rubber Co. (The) | ||||||||
| 5.000%, 07/15/29 (144A) |
344,000 | 365,070 | ||||||
| 5.250%, 07/15/31 (144A) |
840,000 | 894,600 | ||||||
| 5.625%, 04/30/33 |
823,000 | 897,070 | ||||||
| 9.500%, 05/31/25 |
444,000 | 487,290 | ||||||
| IHO Verwaltungs GmbH |
101,000 | 120,059 | ||||||
| Meritor, Inc. |
164,000 | 164,410 | ||||||
| Auto Parts & Equipment—(Continued) | ||||||||
| Tenneco, Inc. |
124,000 | 138,415 | ||||||
| Titan International, Inc. |
150,000 | 158,062 | ||||||
| ZF Finance GmbH | ||||||||
| 2.000%, 05/06/27 (EUR) |
100,000 | 116,414 | ||||||
| 3.000%, 09/21/25 (EUR) |
100,000 | 121,916 | ||||||
| 3.750%, 09/21/28 (EUR) |
100,000 | 126,260 | ||||||
|
|
|
|||||||
| 14,174,318 | ||||||||
|
|
|
|||||||
| Banks—1.5% | ||||||||
| Banca Monte dei Paschi di Siena S.p.A. |
175,000 | 207,267 | ||||||
| Banco BPM S.p.A. | ||||||||
| 2.875%, 5Y EUR Swap + 3.170%, 06/29/31 (EUR) (b) |
200,000 | 232,249 | ||||||
| 5.000%, 5Y EUR Swap + 5.419%, 09/14/30 (EUR) (b) |
100,000 | 126,325 | ||||||
| Banco de Sabadell S.A. |
100,000 | 115,256 | ||||||
| Banco Espirito Santo S.A. | ||||||||
| 2.625%, 05/08/17 (EUR) (d) |
400,000 | 67,184 | ||||||
| 4.750%, 01/15/18 (EUR) (d) |
1,000,000 | 167,961 | ||||||
| Bank of America Corp. | ||||||||
| 6.100%, 3M LIBOR + 3.898%, 03/17/25 (b) |
1,479,000 | 1,649,277 | ||||||
| 6.250%, 3M LIBOR + 3.705%, 09/05/24 (b) |
404,000 | 444,400 | ||||||
| 6.500%, 3M LIBOR + 4.174%, 10/23/24 (b) |
1,395,000 | 1,561,005 | ||||||
| Bank of Cyprus PcL |
100,000 | 113,957 | ||||||
| CIT Group, Inc. | ||||||||
| 5.800%, 3M LIBOR + 3.972%, 06/15/22 (a) (b) |
569,000 | 581,091 | ||||||
| 6.000%, 04/01/36 |
1,604,000 | 1,876,680 | ||||||
| Citigroup, Inc. |
370,000 | 383,394 | ||||||
| Deutsche Pfandbriefbank AG |
100,000 | 127,713 | ||||||
| Goldman Sachs Group, Inc. (The) |
1,490,000 | 1,579,400 | ||||||
| Intesa Sanpaolo S.p.A. | ||||||||
| 4.198%, 06/01/32 (144A) (a) |
415,000 | 425,439 | ||||||
| 4.950%, 06/01/42 (144A) |
305,000 | 316,087 | ||||||
| 5.148%, 06/10/30 (GBP) |
100,000 | 151,194 | ||||||
| 5.875%, 5Y EUR Swap + 5.751%, 03/04/29 (EUR) (b) |
100,000 | 129,582 | ||||||
| JPMorgan Chase & Co. | ||||||||
| 4.600%, SOFR + 3.125%, 02/01/25 (b) |
539,000 | 551,127 | ||||||
| 5.000%, SOFR + 3.380%, 08/01/24 (b) |
1,401,000 | 1,462,294 | ||||||
| 6.125%, 3M LIBOR + 3.330%, 04/30/24 (b) |
243,000 | 261,529 | ||||||
| UniCredit S.p.A. |
100,000 | 117,054 | ||||||
| Wells Fargo & Co. | ||||||||
| 3.900%, 5Y H15 + 3.453%, 03/15/26 (b) |
890,000 | 917,812 | ||||||
| 5.875%, 3M LIBOR + 3.990%, 06/15/25 (a) (b) |
846,000 | 942,875 | ||||||
|
|
|
|||||||
| 14,508,152 | ||||||||
|
|
|
|||||||
| Biotechnology—0.1% | ||||||||
| Cidron Aida Finco S.a.r.l | ||||||||
| 5.000%, 04/01/28 (EUR) |
100,000 | 116,688 | ||||||
| 6.250%, 04/01/28 (GBP) |
100,000 | 136,162 | ||||||
BHFTI-62
Brighthouse Funds Trust I
BlackRock High Yield Portfolio
Schedule of Investments as of September 30, 2021 (Unaudited)
Corporate Bonds & Notes—(Continued)
| Security Description | Principal Amount* |
Value | ||||||
| Biotechnology—(Continued) | ||||||||
| Emergent BioSolutions, Inc. |
160,000 | $ | 155,600 | |||||
| Grifols Escrow Issuer S.A. |
100,000 | 117,138 | ||||||
| HCRX Investments Holdco L.P. |
353,000 | 354,765 | ||||||
|
|
|
|||||||
| 880,353 | ||||||||
|
|
|
|||||||
| Building Materials—1.0% | ||||||||
| APi Group DE, Inc. |
352,000 | 344,907 | ||||||
| Builders FirstSource, Inc. |
230,000 | 243,800 | ||||||
| Cemex S.A.B. de C.V. |
100,000 | 118,293 | ||||||
| Cornerstone Building Brands, Inc. |
1,188,000 | 1,262,814 | ||||||
| CP Atlas Buyer, Inc. |
643,000 | 644,607 | ||||||
| Forterra Finance LLC / FRTA Finance Corp. |
635,000 | 679,450 | ||||||
| Griffon Corp. |
88,000 | 92,400 | ||||||
| HT Troplast GmbH |
100,000 | 126,927 | ||||||
| JELD-WEN, Inc. | ||||||||
| 4.625%, 12/15/25 (144A) |
128,000 | 129,962 | ||||||
| 4.875%, 12/15/27 (144A) |
40,000 | 41,682 | ||||||
| 6.250%, 05/15/25 (144A) |
326,000 | 343,930 | ||||||
| Masonite International Corp. | ||||||||
| 3.500%, 02/15/30 (144A) |
574,000 | 569,695 | ||||||
| 5.375%, 02/01/28 (144A) |
180,000 | 189,540 | ||||||
| New Enterprise Stone & Lime Co., Inc. | ||||||||
| 5.250%, 07/15/28 (144A) |
222,000 | 224,498 | ||||||
| 6.250%, 03/15/26 (144A) |
166,000 | 171,644 | ||||||
| 9.750%, 07/15/28 (144A) |
284,000 | 308,850 | ||||||
| Patrick Industries, Inc. |
165,000 | 168,300 | ||||||
| PCF GmbH | ||||||||
| 4.750%, 04/15/26 (EUR) |
100,000 | 119,600 | ||||||
| 4.750%, 3M EURIBOR + 4.750%, 04/15/26 (EUR) (b) |
100,000 | 116,820 | ||||||
| SRM Escrow Issuer LLC |
1,977,000 | 2,093,149 | ||||||
| Standard Industries, Inc. | ||||||||
| 2.250%, 11/21/26 (EUR) |
100,000 | 114,232 | ||||||
| 3.375%, 01/15/31 (144A) |
590,000 | 561,503 | ||||||
| 4.375%, 07/15/30 (144A) (a) |
620,000 | 632,400 | ||||||
| Summit Materials LLC / Summit Materials Finance Corp. |
382,000 | 401,100 | ||||||
| Victors Merger Corp. |
413,000 | 395,448 | ||||||
|
|
|
|||||||
| 10,095,551 | ||||||||
|
|
|
|||||||
| Chemicals—1.4% | ||||||||
| Ashland LLC |
951,000 | 959,321 | ||||||
| Chemicals—(Continued) | ||||||||
| Axalta Coating Systems LLC |
349,000 | 339,403 | ||||||
| Axalta Coating Systems LLC / Axalta Coating Systems Dutch Holding B BV |
256,000 | 266,880 | ||||||
| Chemours Co. (The) | ||||||||
| 4.000%, 05/15/26 (EUR) |
200,000 | 235,971 | ||||||
| 5.750%, 11/15/28 (144A) (a) |
257,000 | 269,130 | ||||||
| Diamond BC B.V. |
727,000 | 737,905 | ||||||
| Element Solutions, Inc. |
2,759,000 | 2,786,590 | ||||||
| GCP Applied Technologies, Inc. |
458,000 | 468,305 | ||||||
| HB Fuller Co. |
229,000 | 233,008 | ||||||
| Herens Holdco Sarl |
953,000 | 957,765 | ||||||
| Herens Midco Sarl |
100,000 | 112,360 | ||||||
| Illuminate Buyer LLC / Illuminate Holdings IV, Inc. |
627,000 | 691,267 | ||||||
| INEOS Finance plc |
100,000 | 118,325 | ||||||
| Ingevity Corp. |
191,000 | 190,523 | ||||||
| Kraton Polymers LLC / Kraton Polymers Capital Corp. |
100,000 | 119,020 | ||||||
| LSF11 A5 HoldCo LLC |
312,000 | 312,000 | ||||||
| Minerals Technologies, Inc. |
365,000 | 378,687 | ||||||
| Monitchem HoldCo 3 S.A. |
100,000 | 118,730 | ||||||
| Nobian Finance B.V. |
100,000 | 114,713 | ||||||
| NOVA Chemicals Corp. |
161,000 | 168,245 | ||||||
| OCI NV |
331,000 | 340,467 | ||||||
| SCIH Salt Holdings, Inc. | ||||||||
| 4.875%, 05/01/28 (144A) (a) |
660,000 | 663,300 | ||||||
| 6.625%, 05/01/29 (144A) (a) |
464,000 | 445,440 | ||||||
| SPCM S.A. |
259,000 | 259,311 | ||||||
| Valvoline, Inc. |
3,000 | 2,963 | ||||||
| WR Grace Holdings LLC |
2,574,000 | 2,651,246 | ||||||
|
|
|
|||||||
| 13,940,875 | ||||||||
|
|
|
|||||||
| Commercial Services—4.2% | ||||||||
| ADT Security Corp. (The) |
394,000 | 397,448 | ||||||
BHFTI-63
Brighthouse Funds Trust I
BlackRock High Yield Portfolio
Schedule of Investments as of September 30, 2021 (Unaudited)
Corporate Bonds & Notes—(Continued)
| Security Description | Principal Amount* |
Value | ||||||
| Commercial Services—(Continued) | ||||||||
| Allied Universal Holdco LLC / Allied Universal Finance Corp. | ||||||||
| 6.000%, 06/01/29 (144A) (a) |
1,298,000 | $ | 1,280,853 | |||||
| 6.625%, 07/15/26 (144A) |
3,475,000 | 3,674,048 | ||||||
| 9.750%, 07/15/27 (144A) |
1,979,000 | 2,153,103 | ||||||
| Allied Universal Holdco LLC/Allied Universal Finance Corp./Atlas Luxco 4 Sarl |
||||||||
| 3.625%, 06/01/28 (EUR) |
100,000 | 113,667 | ||||||
| 4.625%, 06/01/28 (144A) |
3,836,000 | 3,827,783 | ||||||
| 4.875%, 06/01/28 (GBP) |
100,000 | 132,577 | ||||||
| AMN Healthcare, Inc. |
212,000 | 218,360 | ||||||
| APX Group, Inc. | ||||||||
| 5.750%, 07/15/29 (144A) |
718,000 | 708,702 | ||||||
| 6.750%, 02/15/27 (144A) |
590,000 | 626,787 | ||||||
| ASGN, Inc. |
148,000 | 153,180 | ||||||
| Autostrade per l’Italia S.p.A. |
131,000 | 159,256 | ||||||
| 2.000%, 01/15/30 (EUR) |
100,000 | 121,453 | ||||||
| Avis Budget Car Rental LLC / Avis Budget Finance, Inc. |
265,000 | 280,079 | ||||||
| Bidfair Holdings, Inc. |
822,000 | 845,633 | ||||||
| Brink’s Co. (The) |
100,000 | 104,500 | ||||||
| CoreLogic, Inc. |
650,000 | 645,938 | ||||||
| EC Finance plc |
200,000 | 232,967 | ||||||
| Garda World Security Corp. | ||||||||
| 4.625%, 02/15/27 (144A) |
649,000 | 649,000 | ||||||
| 9.500%, 11/01/27 (144A) |
444,000 | 480,563 | ||||||
| Gartner, Inc. | ||||||||
| 3.625%, 06/15/29 (144A) |
634,000 | 638,818 | ||||||
| 3.750%, 10/01/30 (144A) |
732,000 | 753,374 | ||||||
| 4.500%, 07/01/28 (144A) |
603,000 | 633,150 | ||||||
| Graham Holdings Co. |
80,000 | 83,544 | ||||||
| HealthEquity, Inc. |
762,000 | 773,430 | ||||||
| Herc Holdings, Inc. |
735,000 | 771,180 | ||||||
| Intertrust Group B.V. |
134,000 | 157,865 | ||||||
| IPD 3 B.V. |
100,000 | 121,112 | ||||||
| Jaguar Holding Co. II / PPD Development L.P. | ||||||||
| 4.625%, 06/15/25 (144A) |
199,000 | 206,711 | ||||||
| 5.000%, 06/15/28 (144A) |
1,260,000 | 1,356,188 | ||||||
| Legends Hospitality Holding Co. LLC / Legends Hospitality Co-Issuer,
Inc. |
561,000 | 575,025 | ||||||
| Loxam SAS |
100,000 | 118,325 | ||||||
| Metis Merger Sub LLC |
560,000 | 544,600 | ||||||
| Commercial Services—(Continued) | ||||||||
| MoneyGram International, Inc. |
284,000 | 288,260 | ||||||
| MPH Acquisition Holdings LLC |
888,000 | 885,558 | ||||||
| Nesco Holdings II, Inc. |
601,000 | 623,357 | ||||||
| Nielsen Finance LLC / Nielsen Finance Co. | ||||||||
| 4.750%, 07/15/31 (144A) |
147,000 | 142,996 | ||||||
| 5.625%, 10/01/28 (144A) |
1,147,000 | 1,190,013 | ||||||
| 5.875%, 10/01/30 (144A) |
461,000 | 485,373 | ||||||
| Prime Security Services Borrower LLC / Prime Finance, Inc. | ||||||||
| 3.375%, 08/31/27 (144A) |
104,000 | 99,776 | ||||||
| 5.750%, 04/15/26 (144A) |
233,000 | 252,050 | ||||||
| 6.250%, 01/15/28 (144A) |
243,000 | 251,209 | ||||||
| Rekeep S.p.A. |
100,000 | 124,872 | ||||||
| Sabre GLBL, Inc. | ||||||||
| 7.375%, 09/01/25 (144A) |
535,000 | 570,203 | ||||||
| 9.250%, 04/15/25 (144A) |
1,096,000 | 1,266,746 | ||||||
| Service Corp. International | ||||||||
| 4.000%, 05/15/31 |
1,749,000 | 1,808,029 | ||||||
| 5.125%, 06/01/29 |
52,000 | 56,532 | ||||||
| Shift4 Payments LLC / Shift4 Payments Finance Sub, Inc. |
849,000 | 886,144 | ||||||
| Sotheby’s |
2,021,000 | 2,137,208 | ||||||
| Square, Inc. |
1,644,000 | 1,686,300 | ||||||
| Techem Verwaltungsgesellschaft 674 mbH |
87,920 | 104,843 | ||||||
| Techem Verwaltungsgesellschaft 675 mbH |
100,000 | 115,024 | ||||||
| United Rentals North America, Inc. |
23,000 | 24,317 | ||||||
| Verisure Holding AB | ||||||||
| 3.250%, 02/15/27 (EUR) |
148,000 | 172,176 | ||||||
| 3.500%, 05/15/23 (EUR) |
119,000 | 138,949 | ||||||
| 3.875%, 07/15/26 (EUR) |
100,000 | 118,731 | ||||||
| Verisure Midholding AB |
100,000 | 118,833 | ||||||
| Verscend Escrow Corp. |
3,813,000 | 4,017,949 | ||||||
| WASH Multifamily Acquisition, Inc. |
243,000 | 253,747 | ||||||
|
|
|
|||||||
| 41,358,414 | ||||||||
|
|
|
|||||||
| Computers—0.6% | ||||||||
| Ahead DB Holdings LLC |
282,000 | 284,115 | ||||||
| Austin BidCo, Inc. |
159,000 | 160,192 | ||||||
| Banff Merger Sub, Inc. |
100,000 | 120,225 | ||||||
| Booz Allen Hamilton, Inc. | ||||||||
| 3.875%, 09/01/28 (144A) |
726,000 | 744,237 | ||||||
| 4.000%, 07/01/29 (144A) |
1,089,000 | 1,116,225 | ||||||
BHFTI-64
Brighthouse Funds Trust I
BlackRock High Yield Portfolio
Schedule of Investments as of September 30, 2021 (Unaudited)
Corporate Bonds & Notes—(Continued)
| Security Description | Principal Amount* |
Value | ||||||
| Computers—(Continued) | ||||||||
| Centurion Bidco S.p.A. |
100,000 | $ | 121,260 | |||||
| Crowdstrike Holdings, Inc. |
708,000 | 705,628 | ||||||
| KBR, Inc. |
397,000 | 401,962 | ||||||
| NCR Corp. | ||||||||
| 5.000%, 10/01/28 (144A) |
569,000 | 581,410 | ||||||
| 5.125%, 04/15/29 (144A) (a) |
367,000 | 378,469 | ||||||
| 5.250%, 10/01/30 (144A) |
239,000 | 250,599 | ||||||
| 6.125%, 09/01/29 (144A) |
318,000 | 345,030 | ||||||
| Science Applications International Corp. |
304,000 | 314,169 | ||||||
| Tempo Acquisition LLC / Tempo Acquisition Finance Corp. |
534,000 | 560,700 | ||||||
| Unisys Corp. |
76,000 | 83,030 | ||||||
|
|
|
|||||||
| 6,167,251 | ||||||||
|
|
|
|||||||
| Cosmetics/Personal Care—0.1% | ||||||||
| Coty, Inc. | ||||||||
| 3.875%, 04/15/26 (EUR) |
137,000 | 162,306 | ||||||
| 4.000%, 04/15/23 (EUR) |
200,000 | 232,971 | ||||||
| Edgewell Personal Care Co. |
213,000 | 224,956 | ||||||
|
|
|
|||||||
| 620,233 | ||||||||
|
|
|
|||||||
| Distribution/Wholesale—0.1% | ||||||||
| American Builders & Contractors Supply Co., Inc. | ||||||||
| 3.875%, 11/15/29 (144A) |
128,000 | 127,641 | ||||||
| 4.000%, 01/15/28 (144A) |
44,000 | 44,935 | ||||||
| BCPE Empire Holdings, Inc. |
283,000 | 281,585 | ||||||
| H&E Equipment Services, Inc. |
98,000 | 97,618 | ||||||
| IAA, Inc. |
104,000 | 108,680 | ||||||
| Wolverine Escrow LLC |
77,000 | 71,129 | ||||||
|
|
|
|||||||
| 731,588 | ||||||||
|
|
|
|||||||
| Diversified Financial Services—2.1% | ||||||||
| American Express Co. |
1,985,000 | 2,022,417 | ||||||
| Aretec Escrow Issuer, Inc. |
285,000 | 293,550 | ||||||
| Arrow Global Finance plc |
100,000 | 134,740 | ||||||
| Blackstone CQP Holdco L.P. |
973,000 | 1,034,834 | ||||||
| Charles Schwab Corp. (The) |
2,010,000 | 2,073,315 | ||||||
| Coinbase Global, Inc. | ||||||||
| 3.375%, 10/01/28 (144A) |
833,000 | 800,371 | ||||||
| 3.625%, 10/01/31 (144A) |
806,000 | 766,204 | ||||||
| Diversified Financial Services—(Continued) | ||||||||
| doValue S.p.A. |
100,000 | 117,573 | ||||||
| Enact Holdings, Inc. |
997,000 | 1,088,495 | ||||||
| Encore Capital Group, Inc. |
100,000 | 121,363 | ||||||
| Garfunkelux Holdco 3 S.A. |
200,000 | 281,494 | ||||||
| Global Aircraft Leasing Co., Ltd. |
735,562 | 722,690 | ||||||
| Home Point Capital, Inc. |
518,000 | 469,577 | ||||||
| Intrum AB |
101,000 | 119,479 | ||||||
| Jefferies Finance LLC / JFIN Co-Issuer Corp. |
880,000 | 892,100 | ||||||
| Jerrold Finco plc |
100,000 | 139,847 | ||||||
| Lehman Brothers Holdings, Inc. | ||||||||
| Zero Coupon, 02/05/14 (EUR) (d) |
4,500,000 | 54,732 | ||||||
| 4.750%, 01/16/14 (EUR) (d) |
2,140,000 | 26,028 | ||||||
| 5.375%, 10/17/12 (EUR) (d) |
350,000 | 4,257 | ||||||
| Nationstar Mortgage Holdings, Inc. | ||||||||
| 5.125%, 12/15/30 (144A) |
305,000 | 305,674 | ||||||
| 5.500%, 08/15/28 (144A) |
649,000 | 668,470 | ||||||
| 6.000%, 01/15/27 (144A) |
789,000 | 825,925 | ||||||
| Navient Corp. | ||||||||
| 5.000%, 03/15/27 |
11,000 | 11,330 | ||||||
| 5.875%, 10/25/24 |
149,000 | 159,058 | ||||||
| 6.750%, 06/15/26 |
143,000 | 157,819 | ||||||
| 7.250%, 09/25/23 |
218,000 | 237,733 | ||||||
| NFP Corp. | ||||||||
| 4.875%, 08/15/28 (144A) |
1,164,000 | 1,183,788 | ||||||
| 6.875%, 08/15/28 (144A) |
2,712,000 | 2,769,088 | ||||||
| OneMain Finance Corp. | ||||||||
| 3.500%, 01/15/27 |
813,000 | 813,366 | ||||||
| 5.375%, 11/15/29 |
165,000 | 178,835 | ||||||
| 6.625%, 01/15/28 |
474,000 | 545,100 | ||||||
| 6.875%, 03/15/25 |
185,000 | 207,894 | ||||||
| 7.125%, 03/15/26 |
547,000 | 633,836 | ||||||
| Rocket Mortgage LLC / Rocket Mortgage Co-Issuer Inc. | ||||||||
| 2.875%, 10/15/26 (144A) |
520,000 | 508,144 | ||||||
| 4.000%, 10/15/33 (144A) |
526,000 | 522,055 | ||||||
|
|
|
|||||||
| 20,891,181 | ||||||||
|
|
|
|||||||
| Electric—1.6% | ||||||||
| Calpine Corp. | ||||||||
| 3.750%, 03/01/31 (144A) |
3,000 | 2,888 | ||||||
| 4.500%, 02/15/28 (144A) |
258,000 | 263,160 | ||||||
| 4.625%, 02/01/29 (144A) |
82,000 | 80,770 | ||||||
| 5.000%, 02/01/31 (144A) |
164,000 | 164,000 | ||||||
| 5.125%, 03/15/28 (144A) |
2,558,000 | 2,590,574 | ||||||
| 5.250%, 06/01/26 (144A) |
55,000 | 56,580 | ||||||
| Clearway Energy Operating LLC | ||||||||
| 3.750%, 01/15/32 (144A) |
724,000 | 723,095 | ||||||
| 4.750%, 03/15/28 (144A) |
445,000 | 471,077 | ||||||
BHFTI-65
Brighthouse Funds Trust I
BlackRock High Yield Portfolio
Schedule of Investments as of September 30, 2021 (Unaudited)
Corporate Bonds & Notes—(Continued)
| Security Description | Principal Amount* |
Value | ||||||
| Electric—(Continued) | ||||||||
| Edison International |
1,100,000 | $ | 1,137,455 | |||||
| Electricite de France S.A. | ||||||||
| 2.875%, 5Y EUR Swap + 3.373%, 12/15/26 (EUR) (b) |
200,000 | 239,259 | ||||||
| 3.000%, 5Y EUR Swap + 3.198%, 09/03/27 (EUR) (b) |
200,000 | 240,740 | ||||||
| FirstEnergy Corp. | ||||||||
| 2.250%, 09/01/30 |
51,000 | 49,215 | ||||||
| 2.650%, 03/01/30 |
435,000 | 432,825 | ||||||
| 3.400%, 03/01/50 |
1,540,000 | 1,480,494 | ||||||
| 4.400%, 07/15/27 |
329,000 | 360,972 | ||||||
| 5.350%, 07/15/47 |
1,244,000 | 1,516,901 | ||||||
| 7.375%, 11/15/31 |
541,000 | 739,038 | ||||||
| FirstEnergy Transmission LLC | ||||||||
| 4.550%, 04/01/49 (144A) |
403,000 | 471,668 | ||||||
| 5.450%, 07/15/44 (144A) |
1,021,000 | 1,301,311 | ||||||
| NextEra Energy Operating Partners L.P. |
12,000 | 12,660 | ||||||
| NRG Energy, Inc. | ||||||||
| 3.625%, 02/15/31 (144A) |
711,000 | 698,380 | ||||||
| 3.875%, 02/15/32 (144A) |
963,000 | 952,166 | ||||||
| Pattern Energy Operations L.P. / Pattern Energy Operations, Inc. |
890,000 | 927,825 | ||||||
| PG&E Corp. |
397,000 | 406,429 | ||||||
| Public Power Corp. S.A. | ||||||||
| 3.375%, 07/31/28 (EUR) |
100,000 | 119,665 | ||||||
| 3.875%, 03/30/26 (EUR) |
100,000 | 120,758 | ||||||
| Vistra Operations Co. LLC |
596,000 | 599,653 | ||||||
|
|
|
|||||||
| 16,159,558 | ||||||||
|
|
|
|||||||
| Electrical Components & Equipment—0.2% | ||||||||
| Belden, Inc. | ||||||||
| 3.375%, 07/15/31 (EUR) |
100,000 | 120,175 | ||||||
| 4.125%, 10/15/26 (EUR) |
100,000 | 118,232 | ||||||
| Energizer Holdings, Inc. | ||||||||
| 4.375%, 03/31/29 (144A) |
40,000 | 39,698 | ||||||
| 4.750%, 06/15/28 (144A) |
255,000 | 259,397 | ||||||
| WESCO Distribution, Inc. | ||||||||
| 7.125%, 06/15/25 (144A) |
400,000 | 426,852 | ||||||
| 7.250%, 06/15/28 (144A) |
1,363,000 | 1,509,522 | ||||||
|
|
|
|||||||
| 2,473,876 | ||||||||
|
|
|
|||||||
| Electronics—0.5% | ||||||||
| Atkore, Inc. |
435,000 | 448,050 | ||||||
| Imola Merger Corp. |
1,501,000 | 1,552,812 | ||||||
| Sensata Technologies B.V. | ||||||||
| 4.000%, 04/15/29 (144A) |
1,165,000 | 1,185,912 | ||||||
| 5.625%, 11/01/24 (144A) |
161,000 | 178,193 | ||||||
| Sensata Technologies, Inc. | ||||||||
| 3.750%, 02/15/31 (144A) |
200,000 | 201,368 | ||||||
| 4.375%, 02/15/30 (144A) |
1,037,000 | 1,115,771 | ||||||
|
|
|
|||||||
| 4,682,106 | ||||||||
|
|
|
|||||||
| Energy-Alternate Sources—0.0% | ||||||||
| TerraForm Power Operating LLC | ||||||||
| 4.250%, 01/31/23 (144A) |
203,000 | 208,582 | ||||||
| 4.750%, 01/15/30 (144A) |
195,000 | 204,019 | ||||||
|
|
|
|||||||
| 412,601 | ||||||||
|
|
|
|||||||
| Engineering & Construction—0.3% | ||||||||
| Abertis Infraestructuras Finance B.V. |
100,000 | 118,805 | ||||||
| ARCOSA, Inc. |
961,000 | 973,012 | ||||||
| Brand Industrial Services, Inc. |
704,000 | 706,640 | ||||||
| Dycom Industries, Inc. |
261,000 | 262,103 | ||||||
| Heathrow Finance plc |
100,000 | 136,901 | ||||||
| MasTec, Inc. |
444,000 | 463,425 | ||||||
|
|
|
|||||||
| 2,660,886 | ||||||||
|
|
|
|||||||
| Entertainment—3.0% | ||||||||
| Affinity Gaming |
349,000 | 367,052 | ||||||
| Boyne USA, Inc. |
642,000 | 662,865 | ||||||
| Caesars Entertainment, Inc. |
1,069,000 | 1,082,362 | ||||||
| 6.250%, 07/01/25 (144A) |
3,387,000 | 3,565,690 | ||||||
| 8.125%, 07/01/27 (144A) (a) |
2,594,000 | 2,916,240 | ||||||
| Caesars Resort Collection LLC / CRC Finco, Inc. |
699,000 | 736,903 | ||||||
| CCM Merger, Inc. |
400,000 | 421,000 | ||||||
| Cedar Fair L.P. / Canada’s Wonderland Co. / Magnum Management Corp. |
||||||||
| 5.500%, 05/01/25 (144A) |
1,840,000 | 1,911,300 | ||||||
| 6.500%, 10/01/28 |
122,000 | 130,889 | ||||||
| Churchill Downs, Inc. | ||||||||
| 4.750%, 01/15/28 (144A) |
332,000 | 347,355 | ||||||
| 5.500%, 04/01/27 (144A) |
655,000 | 679,562 | ||||||
| Cirsa Finance International Sarl | ||||||||
| 4.500%, 03/15/27 (EUR) |
100,000 | 114,575 | ||||||
| 4.750%, 05/22/25 (EUR) |
100,000 | 116,125 | ||||||
| 6.250%, 12/20/23 (EUR) |
84,917 | 99,790 | ||||||
| CPUK Finance, Ltd. |
100,000 | 135,751 | ||||||
| Everi Holdings, Inc. |
137,000 | 140,381 | ||||||
| Gamma Bidco S.p.A. |
100,000 | 120,636 | ||||||
| International Game Technology plc |
200,000 | 237,624 | ||||||
| Lions Gate Capital Holdings LLC |
373,000 | 385,596 | ||||||
BHFTI-66
Brighthouse Funds Trust I
BlackRock High Yield Portfolio
Schedule of Investments as of September 30, 2021 (Unaudited)
Corporate Bonds & Notes—(Continued)
| Security Description | Principal Amount* |
Value | ||||||
| Entertainment—(Continued) | ||||||||
| Live Nation Entertainment, Inc. | ||||||||
| 3.750%, 01/15/28 (144A) |
419,000 | $ | 416,512 | |||||
| 4.750%, 10/15/27 (144A) (a) |
216,000 | 219,507 | ||||||
| 4.875%, 11/01/24 (144A) |
76,000 | 76,849 | ||||||
| 6.500%, 05/15/27 (144A) |
2,471,000 | 2,718,100 | ||||||
| Merlin Entertainments, Ltd. |
400,000 | 413,000 | ||||||
| Midwest Gaming Borrower LLC / Midwest Gaming Finance Corp. |
670,000 | 682,562 | ||||||
| Peninsula Pacific Entertainment LLC / Peninsula Pacific Entertainment Finance, Inc. |
613,000 | 658,209 | ||||||
| Penn National Gaming, Inc. |
241,000 | 238,204 | ||||||
| Pinewood Finance Co., Ltd. |
100,000 | 136,405 | ||||||
| Powdr Corp. |
520,000 | 546,000 | ||||||
| Premier Entertainment Sub LLC / Premier Entertainment Finance Corp. |
||||||||
| 5.625%, 09/01/29 (144A) |
315,000 | 318,150 | ||||||
| 5.875%, 09/01/31 (144A) |
315,000 | 318,244 | ||||||
| Raptor Acquisition Corp / Raptor Co-Issuer LLC |
471,000 | 481,009 | ||||||
| Scientific Games International, Inc. | ||||||||
| 3.375%, 02/15/26 (EUR) |
200,000 | 233,431 | ||||||
| 5.000%, 10/15/25 (144A) |
522,000 | 537,008 | ||||||
| 7.000%, 05/15/28 (144A) |
296,000 | 319,310 | ||||||
| 7.250%, 11/15/29 (144A) |
290,000 | 325,855 | ||||||
| 8.250%, 03/15/26 (144A) |
873,000 | 926,471 | ||||||
| 8.625%, 07/01/25 (144A) |
435,000 | 471,076 | ||||||
| Six Flags Theme Parks, Inc. |
1,938,000 | 2,063,970 | ||||||
| Vail Resorts, Inc. |
333,000 | 352,148 | ||||||
| Waterford Gaming LLC / Waterford Gaming Financial Corp. |
283,116 | 0 | ||||||
| WMG Acquisition Corp. | ||||||||
| 2.250%, 08/15/31 (EUR) |
100,000 | 115,732 | ||||||
| 3.875%, 07/15/30 (144A) |
260,000 | 270,400 | ||||||
| Wynn Resorts Finance LLC / Wynn Resorts Capital Corp. | ||||||||
| 5.125%, 10/01/29 (144A) |
1,705,000 | 1,717,787 | ||||||
| 7.750%, 04/15/25 (144A) |
452,000 | 476,869 | ||||||
|
|
|
|||||||
| 29,204,504 | ||||||||
|
|
|
|||||||
| Environmental Control—0.9% | ||||||||
| Clean Harbors, Inc. |
516,000 | 565,020 | ||||||
| Covanta Holding Corp. |
312,000 | 315,120 | ||||||
| GFL Environmental, Inc. | ||||||||
| 3.500%, 09/01/28 (144A) |
442,000 | 444,763 | ||||||
| 3.750%, 08/01/25 (144A) |
311,000 | 319,941 | ||||||
| 4.000%, 08/01/28 (144A) (a) |
1,311,000 | 1,301,167 | ||||||
| 4.250%, 06/01/25 (144A) |
233,000 | 240,281 | ||||||
| Environmental Control—(Continued) | ||||||||
| GFL Environmental, Inc. | ||||||||
| 4.375%, 08/15/29 (144A) |
368,000 | 371,680 | ||||||
| 4.750%, 06/15/29 (144A) |
1,327,000 | 1,363,492 | ||||||
| 5.125%, 12/15/26 (144A) |
806,000 | 846,389 | ||||||
| Madison IAQ LLC | ||||||||
| 4.125%, 06/30/28 (144A) |
143,000 | 143,000 | ||||||
| 5.875%, 06/30/29 (144A) |
1,170,000 | 1,178,775 | ||||||
| Stericycle, Inc. |
352,000 | 354,151 | ||||||
| Tervita Corp. |
223,000 | 252,327 | ||||||
| Waste Pro USA, Inc. |
1,075,000 | 1,085,750 | ||||||
|
|
|
|||||||
| 8,781,856 | ||||||||
|
|
|
|||||||
| Food—2.8% | ||||||||
| Albertsons Cos., Inc. / Safeway, Inc. / New Albertsons L.P. / Albertsons LLC | ||||||||
| 3.250%, 03/15/26 (144A) |
769,000 | 780,535 | ||||||
| 4.625%, 01/15/27 (144A) |
855,000 | 896,924 | ||||||
| 4.875%, 02/15/30 (144A) |
278,000 | 299,545 | ||||||
| 5.875%, 02/15/28 (144A) |
568,000 | 604,920 | ||||||
| Bellis Acquisition Co. plc |
100,000 | 132,343 | ||||||
| Casino Guichard Perrachon S.A. | ||||||||
| 3.992%, 5Y EURIBOR ICE Swap + 3.819%, 01/31/24 (EUR) (b) |
100,000 | 82,301 | ||||||
| 5.250%, 04/15/27 (EUR) |
100,000 | 116,414 | ||||||
| Chobani LLC / Chobani Finance Corp., Inc. | ||||||||
| 4.625%, 11/15/28 (144A) |
578,000 | 596,785 | ||||||
| 7.500%, 04/15/25 (144A) |
891,000 | 927,086 | ||||||
| JBS USA LUX S.A. / JBS USA Finance, Inc. |
1,040,000 | 1,162,200 | ||||||
| JBS USA LUX S.A. / JBS USA Food Co. / JBS USA Finance, Inc. | ||||||||
| 3.750%, 12/01/31 (144A) (a) |
1,032,000 | 1,073,827 | ||||||
| 6.750%, 02/15/28 (144A) |
226,000 | 244,930 | ||||||
| Kraft Heinz Foods Co. | ||||||||
| 4.250%, 03/01/31 |
1,855,000 | 2,097,117 | ||||||
| 4.375%, 06/01/46 (a) |
899,000 | 1,022,900 | ||||||
| 4.625%, 10/01/39 |
178,000 | 207,456 | ||||||
| 4.875%, 10/01/49 |
2,316,000 | 2,818,792 | ||||||
| 5.000%, 07/15/35 |
257,000 | 316,050 | ||||||
| 5.000%, 06/04/42 |
314,000 | 385,071 | ||||||
| 5.200%, 07/15/45 |
765,000 | 958,196 | ||||||
| 5.500%, 06/01/50 |
3,599,000 | 4,748,415 | ||||||
| 6.500%, 02/09/40 |
365,000 | 518,298 | ||||||
| 6.875%, 01/26/39 |
547,000 | 807,554 | ||||||
| Lamb Weston Holdings, Inc. |
91,000 | 100,032 | ||||||
| Performance Food Group, Inc. |
907,000 | 909,268 | ||||||
| Picard Groupe SAS |
100,000 | 117,596 | ||||||
| Pilgrim’s Pride Corp. |
1,412,000 | 1,435,827 | ||||||
BHFTI-67
Brighthouse Funds Trust I
BlackRock High Yield Portfolio
Schedule of Investments as of September 30, 2021 (Unaudited)
Corporate Bonds & Notes—(Continued)
| Security Description | Principal Amount* |
Value | ||||||
| Food—(Continued) | ||||||||
| Post Holdings, Inc. | ||||||||
| 4.500%, 09/15/31 (144A) |
571,000 | $ | 564,222 | |||||
| 4.625%, 04/15/30 (144A) |
73,000 | 73,564 | ||||||
| 5.500%, 12/15/29 (144A) |
513,000 | 543,780 | ||||||
| 5.750%, 03/01/27 (144A) |
2,000 | 2,078 | ||||||
| Premier Foods Finance plc |
100,000 | 135,583 | ||||||
| Simmons Foods, Inc. |
1,147,000 | 1,155,602 | ||||||
| TreeHouse Foods, Inc. |
257,000 | 251,518 | ||||||
| U.S. Foods, Inc. | ||||||||
| 4.750%, 02/15/29 (144A) |
1,001,000 | 1,027,276 | ||||||
| 6.250%, 04/15/25 (144A) |
309,000 | 324,126 | ||||||
| United Natural Foods, Inc. |
206,000 | 222,995 | ||||||
|
|
|
|||||||
| 27,661,126 | ||||||||
|
|
|
|||||||
| Food Service—0.1% | ||||||||
| Aramark Services, Inc. | ||||||||
| 5.000%, 04/01/25 (144A) |
579,000 | 592,578 | ||||||
| 5.000%, 02/01/28 (144A) |
125,000 | 128,437 | ||||||
| 6.375%, 05/01/25 (144A) |
536,000 | 563,470 | ||||||
|
|
|
|||||||
| 1,284,485 | ||||||||
|
|
|
|||||||
| Hand/Machine Tools—0.0% | ||||||||
| IMA Industria Macchine Automatiche SpA |
100,000 | 116,704 | ||||||
|
|
|
|||||||
| Healthcare-Products—1.1% | ||||||||
| Avantor Funding, Inc. |
2,260,000 | 2,378,650 | ||||||
| Hologic, Inc. |
210,000 | 210,100 | ||||||
| Mozart Debt Merger Sub, Inc. | ||||||||
| 3.875%, 04/01/29 (144A) |
1,312,000 | 1,312,000 | ||||||
| 5.250%, 10/01/29 (144A) |
2,862,000 | 2,862,000 | ||||||
| Ortho-Clinical Diagnostics, Inc. / Ortho-Clinical Diagnostics S.A. | ||||||||
| 7.250%, 02/01/28 (144A) |
2,216,000 | 2,371,397 | ||||||
| 7.375%, 06/01/25 (144A) |
780,000 | 822,900 | ||||||
| Teleflex, Inc. |
435,000 | 452,004 | ||||||
|
|
|
|||||||
| 10,409,051 | ||||||||
|
|
|
|||||||
| Healthcare-Services—4.9% | ||||||||
| Acadia Healthcare Co., Inc. | ||||||||
| 5.000%, 04/15/29 (144A) |
292,000 | 304,045 | ||||||
| 5.500%, 07/01/28 (144A) |
436,000 | 458,323 | ||||||
| AHP Health Partners, Inc. |
733,000 | 740,330 | ||||||
| Akumin Escrow, Inc. |
158,000 | 152,865 | ||||||
| Akumin, Inc. |
264,000 | 256,080 | ||||||
| Healthcare-Services—(Continued) | ||||||||
| CAB SELAS |
100,000 | 116,841 | ||||||
| Cano Health LLC |
246,000 | 248,460 | ||||||
| Catalent Pharma Solutions, Inc. | ||||||||
| 2.375%, 03/01/28 (EUR) |
186,000 | 217,916 | ||||||
| 3.125%, 02/15/29 (144A) |
447,000 | 438,932 | ||||||
| 3.500%, 04/01/30 (144A) |
1,285,000 | 1,285,000 | ||||||
| 5.000%, 07/15/27 (144A) |
82,000 | 85,178 | ||||||
| Centene Corp. | ||||||||
| 2.450%, 07/15/28 |
1,661,000 | 1,669,305 | ||||||
| 2.500%, 03/01/31 |
2,986,000 | 2,944,942 | ||||||
| 2.625%, 08/01/31 |
1,142,000 | 1,134,280 | ||||||
| 3.000%, 10/15/30 |
2,019,000 | 2,069,475 | ||||||
| 4.250%, 12/15/27 |
179,000 | 187,350 | ||||||
| 4.625%, 12/15/29 |
2,732,000 | 2,977,334 | ||||||
| Charles River Laboratories International, Inc. | ||||||||
| 3.750%, 03/15/29 (144A) |
88,000 | 89,870 | ||||||
| 4.000%, 03/15/31 (144A) |
249,000 | 260,885 | ||||||
| 4.250%, 05/01/28 (144A) |
88,000 | 91,331 | ||||||
| Chrome Bidco SASU |
100,000 | 118,296 | ||||||
| CHS/Community Health Systems, Inc. | ||||||||
| 5.625%, 03/15/27 (144A) |
1,386,000 | 1,451,322 | ||||||
| 6.000%, 01/15/29 (144A) |
1,144,000 | 1,212,640 | ||||||
| 6.125%, 04/01/30 (144A) |
796,000 | 773,493 | ||||||
| 6.625%, 02/15/25 (144A) |
2,559,000 | 2,677,354 | ||||||
| 6.875%, 04/15/29 (144A) |
265,000 | 265,623 | ||||||
| 8.000%, 03/15/26 (144A) |
2,654,000 | 2,814,501 | ||||||
| DaVita, Inc. |
28,000 | 28,801 | ||||||
| Encompass Health Corp. | ||||||||
| 4.500%, 02/01/28 |
161,000 | 166,233 | ||||||
| 4.625%, 04/01/31 |
504,000 | 529,729 | ||||||
| 4.750%, 02/01/30 |
1,017,000 | 1,069,630 | ||||||
| HCA, Inc. | ||||||||
| 3.500%, 09/01/30 |
2,461,000 | 2,607,159 | ||||||
| 5.375%, 02/01/25 |
38,000 | 42,465 | ||||||
| 5.625%, 09/01/28 |
1,252,000 | 1,489,504 | ||||||
| 5.875%, 02/15/26 |
65,000 | 74,506 | ||||||
| 5.875%, 02/01/29 |
153,000 | 183,858 | ||||||
| IQVIA, Inc. |
299,000 | 306,436 | ||||||
| Korian S.A. |
100,000 | 134,441 | ||||||
| Legacy LifePoint Health LLC | ||||||||
| 4.375%, 02/15/27 (144A) |
161,000 | 160,598 | ||||||
| 6.750%, 04/15/25 (144A) |
412,000 | 432,950 | ||||||
| LifePoint Health, Inc. |
890,000 | 865,525 | ||||||
| MEDNAX, Inc. |
293,000 | 308,016 | ||||||
| ModivCare Escrow Issuer, Inc. |
453,000 | 469,557 | ||||||
BHFTI-68
Brighthouse Funds Trust I
BlackRock High Yield Portfolio
Schedule of Investments as of September 30, 2021 (Unaudited)
Corporate Bonds & Notes—(Continued)
| Security Description | Principal Amount* |
Value | ||||||
| Healthcare-Services—(Continued) | ||||||||
| ModivCare, Inc. |
170,000 | $ | 179,775 | |||||
| Molina Healthcare, Inc. | ||||||||
| 3.875%, 11/15/30 (144A) |
739,000 | 772,255 | ||||||
| 4.375%, 06/15/28 (144A) (a) |
497,000 | 517,069 | ||||||
| Prime Healthcare Services, Inc. |
1,356,000 | 1,454,310 | ||||||
| RegionalCare Hospital Partners Holdings, Inc. / LifePoint Health, Inc. |
235,000 | 248,219 | ||||||
| RP Escrow Issuer LLC |
343,000 | 352,861 | ||||||
| Surgery Center Holdings, Inc. | ||||||||
| 6.750%, 07/01/25 (144A) (a) |
1,440,000 | 1,465,200 | ||||||
| 10.000%, 04/15/27 (144A) (a) |
877,000 | 947,160 | ||||||
| Syneos Health, Inc. |
1,063,000 | 1,060,024 | ||||||
| Tenet Healthcare Corp. | ||||||||
| 4.250%, 06/01/29 (144A) |
787,000 | 798,805 | ||||||
| 4.625%, 09/01/24 (144A) |
336,000 | 343,560 | ||||||
| 4.625%, 06/15/28 (144A) |
152,000 | 157,496 | ||||||
| 4.875%, 01/01/26 (144A) |
1,920,000 | 1,987,046 | ||||||
| 5.125%, 11/01/27 (144A) |
1,279,000 | 1,333,357 | ||||||
| 6.125%, 10/01/28 (144A) |
1,341,000 | 1,408,687 | ||||||
| 6.250%, 02/01/27 (144A) |
96,000 | 99,600 | ||||||
| 7.500%, 04/01/25 (144A) |
554,000 | 587,932 | ||||||
| U.S. Acute Care Solutions LLC |
293,000 | 309,115 | ||||||
|
|
|
|||||||
| 47,933,850 | ||||||||
|
|
|
|||||||
| Home Builders—0.7% | ||||||||
| Ashton Woods USA LLC / Ashton Woods Finance Co. | ||||||||
| 4.625%, 08/01/29 (144A) |
270,000 | 272,627 | ||||||
| 4.625%, 04/01/30 (144A) |
277,000 | 278,558 | ||||||
| 6.625%, 01/15/28 (144A) |
145,000 | 154,063 | ||||||
| Brookfield Residential Properties, Inc. / Brookfield Residential U.S. Corp. |
||||||||
| 4.875%, 02/15/30 (144A) |
816,000 | 832,320 | ||||||
| 5.000%, 06/15/29 (144A) |
548,000 | 560,357 | ||||||
| Forestar Group, Inc. |
268,000 | 267,665 | ||||||
| Installed Building Products, Inc. |
273,000 | 285,967 | ||||||
| K Hovnanian Enterprises, Inc. | ||||||||
| 7.750%, 02/15/26 (144A) (a) |
710,000 | 745,500 | ||||||
| 10.000%, 11/15/25 (144A) |
178,000 | 189,570 | ||||||
| KB Home |
257,000 | 263,746 | ||||||
| Mattamy Group Corp. | ||||||||
| 4.625%, 03/01/30 (144A) |
368,000 | 376,043 | ||||||
| 5.250%, 12/15/27 (144A) |
310,000 | 323,950 | ||||||
| Meritage Homes Corp. |
129,000 | 143,674 | ||||||
| New Home Co., Inc. (The) |
160,000 | 168,363 | ||||||
| Home Builders—(Continued) | ||||||||
| Picasso Finance Sub, Inc. |
645,000 | 682,017 | ||||||
| Taylor Morrison Communities, Inc. | ||||||||
| 5.125%, 08/01/30 (144A) |
88,000 | 94,712 | ||||||
| 5.875%, 06/15/27 (144A) |
26,000 | 29,640 | ||||||
| Toll Brothers Finance Corp. |
29,000 | 31,755 | ||||||
| TRI Pointe Homes, Inc. | ||||||||
| 5.250%, 06/01/27 |
174,000 | 187,920 | ||||||
| 5.700%, 06/15/28 |
120,000 | 130,500 | ||||||
| 5.875%, 06/15/24 |
107,000 | 117,700 | ||||||
| Williams Scotsman International, Inc. |
513,000 | 534,397 | ||||||
| Winnebago Industries, Inc. |
294,000 | 316,050 | ||||||
|
|
|
|||||||
| 6,987,094 | ||||||||
|
|
|
|||||||
| Home Furnishings—0.1% | ||||||||
| Tempur Sealy International, Inc. | ||||||||
| 3.875%, 10/15/31 (144A) |
762,000 | 762,953 | ||||||
| 4.000%, 04/15/29 (144A) |
693,000 | 713,790 | ||||||
|
|
|
|||||||
| 1,476,743 | ||||||||
|
|
|
|||||||
| Household Products/Wares—0.2% | ||||||||
| Central Garden & Pet Co. | ||||||||
| 4.125%, 10/15/30 (a) |
439,000 | 448,877 | ||||||
| 4.125%, 04/30/31 (144A) |
506,000 | 513,856 | ||||||
| Spectrum Brands, Inc. | ||||||||
| 3.875%, 03/15/31 (144A) |
195,000 | 197,029 | ||||||
| 5.000%, 10/01/29 (144A) |
219,000 | 235,425 | ||||||
| 5.500%, 07/15/30 (144A) |
113,000 | 125,148 | ||||||
|
|
|
|||||||
| 1,520,335 | ||||||||
|
|
|
|||||||
| Housewares—0.3% | ||||||||
| CD&R Smokey Buyer, Inc. |
877,000 | 927,844 | ||||||
| Newell Brands, Inc. | ||||||||
| 4.875%, 06/01/25 |
166,000 | 183,214 | ||||||
| 6.000%, 04/01/46 |
300,000 | 387,750 | ||||||
| Scotts Miracle-Gro Co. (The) | ||||||||
| 4.000%, 04/01/31 (144A) |
666,000 | 664,748 | ||||||
| 4.375%, 02/01/32 (144A) |
72,000 | 72,585 | ||||||
| SWF Escrow Issuer, Inc. |
622,000 | 606,015 | ||||||
|
|
|
|||||||
| 2,842,156 | ||||||||
|
|
|
|||||||
| Insurance—1.4% | ||||||||
| Acrisure LLC / Acrisure Finance, Inc. |
624,000 | 616,081 | ||||||
| Alliant Holdings Intermediate LLC / Alliant Holdings Co-Issuer | ||||||||
| 4.250%, 10/15/27 (144A) |
3,036,000 | 3,066,360 | ||||||
| 6.750%, 10/15/27 (144A) |
4,285,000 | 4,434,975 | ||||||
| AmWINS Group, Inc. |
717,000 | 727,074 | ||||||
BHFTI-69
Brighthouse Funds Trust I
BlackRock High Yield Portfolio
Schedule of Investments as of September 30, 2021 (Unaudited)
Corporate Bonds & Notes—(Continued)
| Security Description | Principal Amount* |
Value | ||||||
| Insurance—(Continued) | ||||||||
| Ardonagh Midco 2 plc |
226,387 | $ | 247,328 | |||||
| AssuredPartners, Inc. |
587,000 | 590,639 | ||||||
| BroadStreet Partners, Inc. |
496,000 | 494,140 | ||||||
| Galaxy Bidco, Ltd. |
100,000 | 140,822 | ||||||
| GTCR AP Finance, Inc. |
671,000 | 707,905 | ||||||
| Highlands Holdings Bond Issuer, Ltd. / Highlands Holdings Bond
Co-Issuer, Inc. |
250,000 | 265,469 | ||||||
| HUB International, Ltd. |
2,036,000 | 2,104,715 | ||||||
| MGIC Investment Corp. |
332,000 | 354,261 | ||||||
| Societa Cattolica di Assicurazioni |
100,000 | 133,500 | ||||||
| Unipol Gruppo S.p.A. |
125,000 | 168,257 | ||||||
|
|
|
|||||||
| 14,051,526 | ||||||||
|
|
|
|||||||
| Internet—1.7% | ||||||||
| Acuris Finance U.S., Inc. / Acuris Finance Sarl |
1,060,000 | 1,054,700 | ||||||
| ANGI Group LLC |
820,000 | 815,900 | ||||||
| Arches Buyer, Inc. |
241,000 | 244,346 | ||||||
| Cablevision Lightpath LLC | ||||||||
| 3.875%, 09/15/27 (144A) |
359,000 | 352,305 | ||||||
| 5.625%, 09/15/28 (144A) |
532,000 | 533,928 | ||||||
| Endure Digital Inc |
356,000 | 338,200 | ||||||
| Go Daddy Operating Co. LLC / GD Finance Co., Inc. | ||||||||
| 3.500%, 03/01/29 (144A) |
317,000 | 314,226 | ||||||
| 5.250%, 12/01/27 (144A) |
172,000 | 179,310 | ||||||
| ION Trading Technologies Sarl |
506,000 | 515,931 | ||||||
| Match Group Holdings II LLC | ||||||||
| 3.625%, 10/01/31 (144A) |
299,000 | 295,451 | ||||||
| 4.125%, 08/01/30 (144A) |
103,000 | 107,249 | ||||||
| 4.625%, 06/01/28 (144A) |
9,000 | 9,409 | ||||||
| MercadoLibre, Inc. |
3,000 | 2,951 | ||||||
| Netflix, Inc. | ||||||||
| 4.875%, 06/15/30 (144A) |
510,000 | 600,525 | ||||||
| 5.375%, 11/15/29 (144A) |
255,000 | 308,869 | ||||||
| 5.875%, 11/15/28 |
1,109,000 | 1,358,969 | ||||||
| 6.375%, 05/15/29 |
83,000 | 104,995 | ||||||
| Northwest Fiber LLC / Northwest Fiber Finance Sub, Inc. | ||||||||
| 4.750%, 04/30/27 (144A) |
646,000 | 646,000 | ||||||
| 6.000%, 02/15/28 (144A) (a) |
611,000 | 607,749 | ||||||
| 10.750%, 06/01/28 (144A) |
199,000 | 223,875 | ||||||
| Rakuten Group, Inc. |
200,000 | 233,658 | ||||||
| Internet—(Continued) | ||||||||
| Twitter, Inc. |
798,000 | 851,865 | ||||||
| Uber Technologies, Inc. | ||||||||
| 4.500%, 08/15/29 (144A) |
1,273,000 | 1,281,752 | ||||||
| 6.250%, 01/15/28 (144A) |
1,197,000 | 1,283,770 | ||||||
| 7.500%, 05/15/25 (144A) |
1,898,000 | 2,023,268 | ||||||
| 7.500%, 09/15/27 (144A) |
1,578,000 | 1,722,979 | ||||||
| 8.000%, 11/01/26 (144A) |
624,000 | 659,490 | ||||||
| United Group B.V. | ||||||||
| 4.000%, 11/15/27 (EUR) |
150,000 | 171,571 | ||||||
| 4.625%, 08/15/28 (EUR) |
100,000 | 116,154 | ||||||
| 4.875%, 07/01/24 (EUR) |
100,000 | 117,160 | ||||||
|
|
|
|||||||
| 17,076,555 | ||||||||
|
|
|
|||||||
| Investment Companies—0.4% | ||||||||
| Compass Group Diversified Holdings LLC. |
542,000 | 567,068 | ||||||
| Icahn Enterprises L.P. / Icahn Enterprises Finance Corp. | ||||||||
| 4.375%, 02/01/29 |
805,000 | 803,994 | ||||||
| 4.750%, 09/15/24 |
301,000 | 313,040 | ||||||
| 5.250%, 05/15/27 |
1,533,000 | 1,590,487 | ||||||
| 6.250%, 05/15/26 |
124,000 | 129,580 | ||||||
| Owl Rock Technology Finance Corp. |
305,000 | 321,987 | ||||||
|
|
|
|||||||
| 3,726,156 | ||||||||
|
|
|
|||||||
| Iron/Steel—0.5% | ||||||||
| Allegheny Technologies, Inc. | ||||||||
| 4.875%, 10/01/29 |
277,000 | 278,039 | ||||||
| 5.125%, 10/01/31 |
313,000 | 315,410 | ||||||
| 7.875%, 08/15/23 |
158,000 | 177,750 | ||||||
| Big River Steel LLC / BRS Finance Corp. |
2,932,000 | 3,170,225 | ||||||
| thyssenKrupp AG | ||||||||
| 1.875%, 03/06/23 (EUR) |
43,000 | 50,107 | ||||||
| 2.875%, 02/22/24 (EUR) |
181,000 | 214,903 | ||||||
| United States Steel Corp. | ||||||||
| 6.250%, 03/15/26 (a) |
33,000 | 34,031 | ||||||
| 6.875%, 03/01/29 |
687,000 | 732,490 | ||||||
|
|
|
|||||||
| 4,972,955 | ||||||||
|
|
|
|||||||
| Leisure Time—1.3% | ||||||||
| Carnival Corp. | ||||||||
| 4.000%, 08/01/28 (144A) |
2,696,000 | 2,722,960 | ||||||
| 5.750%, 03/01/27 (144A) |
1,978,000 | 2,044,757 | ||||||
| 9.875%, 08/01/27 (144A) |
511,000 | 589,751 | ||||||
| 10.125%, 02/01/26 (EUR) |
134,000 | 178,192 | ||||||
| 10.500%, 02/01/26 (144A) |
1,043,000 | 1,210,089 | ||||||
| 11.500%, 04/01/23 (144A) |
202,000 | 225,483 | ||||||
| Life Time, Inc. | ||||||||
| 5.750%, 01/15/26 (144A) |
666,000 | 689,310 | ||||||
| 8.000%, 04/15/26 (144A) (a) |
472,000 | 500,320 | ||||||
| MajorDrive Holdings IV LLC |
273,000 | 263,845 | ||||||
BHFTI-70
Brighthouse Funds Trust I
BlackRock High Yield Portfolio
Schedule of Investments as of September 30, 2021 (Unaudited)
Corporate Bonds & Notes—(Continued)
| Security Description | Principal Amount* |
Value | ||||||
| Leisure Time—(Continued) | ||||||||
| NCL Corp., Ltd. | ||||||||
| 5.875%, 03/15/26 (144A) (a) |
603,000 | $ | 618,075 | |||||
| 10.250%, 02/01/26 (144A) |
263,000 | 301,792 | ||||||
| NCL Finance, Ltd. |
667,000 | 692,012 | ||||||
| Royal Caribbean Cruises, Ltd. | ||||||||
| 5.500%, 08/31/26 (144A) |
214,000 | 219,979 | ||||||
| 5.500%, 04/01/28 (144A) (a) |
1,062,000 | 1,086,223 | ||||||
| 9.125%, 06/15/23 (144A) |
362,000 | 393,424 | ||||||
| 10.875%, 06/01/23 (144A) |
230,000 | 257,600 | ||||||
| 11.500%, 06/01/25 (144A) |
286,000 | 326,326 | ||||||
| Viking Ocean Cruises Ship VII, Ltd. |
483,000 | 483,000 | ||||||
|
|
|
|||||||
| 12,803,138 | ||||||||
|
|
|
|||||||
| Lodging—0.7% | ||||||||
| Boyd Gaming Corp. | ||||||||
| 4.750%, 12/01/27 |
386,000 | 397,846 | ||||||
| 4.750%, 06/15/31 (144A) |
997,000 | 1,028,156 | ||||||
| 8.625%, 06/01/25 (144A) |
542,000 | 587,393 | ||||||
| Full House Resorts, Inc. |
155,000 | 166,625 | ||||||
| Genting New York LLC |
204,000 | 202,280 | ||||||
| Hilton Domestic Operating Co., Inc. | ||||||||
| 4.000%, 05/01/31 (144A) |
573,000 | 581,595 | ||||||
| 4.875%, 01/15/30 |
1,326,000 | 1,422,480 | ||||||
| 5.375%, 05/01/25 (144A) |
131,000 | 136,895 | ||||||
| 5.750%, 05/01/28 (144A) |
117,000 | 126,009 | ||||||
| Hilton Worldwide Finance LLC / Hilton Worldwide Finance Corp. |
361,000 | 373,191 | ||||||
| MGM Resorts International |
61,000 | 66,490 | ||||||
| Station Casinos LLC |
422,000 | 428,689 | ||||||
| Travel + Leisure Co. |
278,000 | 316,578 | ||||||
| Wyndham Hotels & Resorts, Inc. |
314,000 | 327,794 | ||||||
| Wynn Las Vegas LLC / Wynn Las Vegas Capital Corp. |
426,000 | 430,251 | ||||||
|
|
|
|||||||
| 6,592,272 | ||||||||
|
|
|
|||||||
| Machinery-Construction & Mining—0.2% | ||||||||
| BWX Technologies, Inc. | ||||||||
| 4.125%, 06/30/28 (144A) |
549,000 | 563,411 | ||||||
| 4.125%, 04/15/29 (144A) |
447,000 | 457,616 | ||||||
| Terex Corp. |
762,000 | 789,623 | ||||||
|
|
|
|||||||
| 1,810,650 | ||||||||
|
|
|
|||||||
| Machinery-Diversified—0.8% | ||||||||
| ATS Automation Tooling Systems, Inc. |
237,000 | 243,051 | ||||||
| Machinery-Diversified—(Continued) | ||||||||
| Clark Equipment Co. |
159,000 | 166,354 | ||||||
| Colfax Corp. |
258,000 | 271,339 | ||||||
| GrafTech Finance, Inc. |
736,000 | 755,320 | ||||||
| Husky III Holding, Ltd. |
720,000 | 765,000 | ||||||
| Mueller Water Products, Inc. |
271,000 | 280,539 | ||||||
| RBS Global, Inc. / Rexnord LLC |
16,000 | 16,390 | ||||||
| Renk AG |
100,000 | 120,526 | ||||||
| Schenck Process Holding GmbH |
100,000 | 116,704 | ||||||
| Stevens Holding Co., Inc. |
365,000 | 393,744 | ||||||
| Titan Acquisition, Ltd. / Titan Co-Borrower LLC |
1,420,000 | 1,450,849 | ||||||
| TK Elevator Holdco GmbH | ||||||||
| 6.625%, 07/15/28 (EUR) |
90,000 | 110,693 | ||||||
| 7.625%, 07/15/28 (144A) (a) |
1,313,000 | 1,403,269 | ||||||
| TK Elevator Midco GmbH |
100,000 | 120,904 | ||||||
| TK Elevator U.S. Newco, Inc. |
1,979,000 | 2,073,942 | ||||||
|
|
|
|||||||
| 8,288,624 | ||||||||
|
|
|
|||||||
| Media—5.8% | ||||||||
| Altice Financing S.A. | ||||||||
| 2.250%, 01/15/25 (EUR) |
100,000 | 111,538 | ||||||
| 3.000%, 01/15/28 (EUR) |
148,000 | 161,373 | ||||||
| 5.000%, 01/15/28 (144A) |
958,000 | 923,728 | ||||||
| 5.750%, 08/15/29 (144A) |
2,634,000 | 2,551,371 | ||||||
| AMC Networks, Inc. | ||||||||
| 4.250%, 02/15/29 (a) |
303,000 | 301,485 | ||||||
| 4.750%, 08/01/25 (a) |
595,000 | 609,875 | ||||||
| Block Communications, Inc. |
285,000 | 291,413 | ||||||
| Cable One, Inc. |
233,000 | 232,126 | ||||||
| CCO Holdings LLC / CCO Holdings Capital Corp. | ||||||||
| 4.250%, 02/01/31 (144A) |
1,672,000 | 1,701,009 | ||||||
| 4.250%, 01/15/34 (144A) |
2,577,000 | 2,552,841 | ||||||
| 4.500%, 08/15/30 (144A) |
1,450,000 | 1,495,994 | ||||||
| 4.500%, 05/01/32 |
1,189,000 | 1,224,670 | ||||||
| 4.500%, 06/01/33 (144A) |
682,000 | 694,085 | ||||||
| 4.750%, 03/01/30 (144A) |
655,000 | 684,786 | ||||||
| 5.000%, 02/01/28 (144A) |
950,000 | 991,705 | ||||||
| 5.375%, 06/01/29 (144A) |
557,000 | 601,560 | ||||||
| Clear Channel Worldwide Holdings, Inc. |
3,919,000 | 4,055,420 | ||||||
BHFTI-71
Brighthouse Funds Trust I
BlackRock High Yield Portfolio
Schedule of Investments as of September 30, 2021 (Unaudited)
Corporate Bonds & Notes—(Continued)
| Security Description | Principal Amount* |
Value | ||||||
| Media—(Continued) | ||||||||
| CSC Holdings LLC | ||||||||
| 4.125%, 12/01/30 (144A) |
649,000 | $ | 636,831 | |||||
| 4.500%, 11/15/31 (144A) |
1,024,000 | 1,011,200 | ||||||
| 4.625%, 12/01/30 (144A) |
2,367,000 | 2,243,857 | ||||||
| 5.000%, 11/15/31 (144A) (a) |
758,000 | 726,505 | ||||||
| 5.375%, 02/01/28 (144A) |
223,000 | 233,035 | ||||||
| 5.750%, 01/15/30 (144A) |
1,007,000 | 1,023,842 | ||||||
| 6.500%, 02/01/29 (144A) |
741,000 | 802,466 | ||||||
| DIRECTV Holdings LLC / DIRECTV Financing Co., Inc. |
1,191,000 | 1,243,106 | ||||||
| DISH DBS Corp. | ||||||||
| 5.000%, 03/15/23 |
1,800,000 | 1,865,250 | ||||||
| 5.125%, 06/01/29 |
2,495,000 | 2,444,576 | ||||||
| 5.875%, 07/15/22 |
1,627,000 | 1,676,827 | ||||||
| 5.875%, 11/15/24 |
408,000 | 438,714 | ||||||
| 7.750%, 07/01/26 (a) |
1,132,000 | 1,278,283 | ||||||
| GCI LLC |
189,000 | 198,413 | ||||||
| iHeartCommunications, Inc. |
90,667 | 96,900 | ||||||
| LCPR Senior Secured Financing DAC | ||||||||
| 5.125%, 07/15/29 (144A) |
1,142,000 | 1,176,203 | ||||||
| 6.750%, 10/15/27 (144A) |
1,526,000 | 1,617,560 | ||||||
| Midcontinent Communications / Midcontinent Finance Corp. |
366,000 | 380,827 | ||||||
| News Corp. |
320,000 | 328,800 | ||||||
| Radiate Holdco LLC / Radiate Finance, Inc. | ||||||||
| 4.500%, 09/15/26 (144A) |
1,705,000 | 1,760,412 | ||||||
| 6.500%, 09/15/28 (144A) |
3,980,000 | 4,058,247 | ||||||
| Scripps Escrow II, Inc. |
37,000 | 37,129 | ||||||
| Sinclair Television Group, Inc. |
868,000 | 848,470 | ||||||
| Sirius XM Radio, Inc. | ||||||||
| 3.125%, 09/01/26 (144A) |
1,332,000 | 1,350,315 | ||||||
| 3.875%, 09/01/31 (144A) |
1,828,000 | 1,785,727 | ||||||
| 4.000%, 07/15/28 (144A) |
1,356,000 | 1,378,882 | ||||||
| 4.125%, 07/01/30 (144A) (a) |
229,000 | 230,062 | ||||||
| 5.000%, 08/01/27 (144A) |
330,000 | 344,850 | ||||||
| Summer BidCo B.V. |
104,875 | 124,202 | ||||||
| TEGNA, Inc. |
95,000 | 96,066 | ||||||
| Telenet Finance Luxembourg Notes S.a.r.l. |
800,000 | 840,400 | ||||||
| Univision Communications, Inc. | ||||||||
| 5.125%, 02/15/25 (144A) |
248,000 | 251,621 | ||||||
| 6.625%, 06/01/27 (144A) |
192,000 | 208,560 | ||||||
| UPC Broadband Finco B.V. |
1,160,000 | 1,187,678 | ||||||
| UPC Holding B.V. |
100,000 | 118,895 | ||||||
| UPCB Finance VII, Ltd. |
100,000 | 118,876 | ||||||
| Media—(Continued) | ||||||||
| Videotron, Ltd. |
962,000 | 975,227 | ||||||
| Virgin Media Vendor Financing Notes IV DAC |
1,272,000 | 1,313,785 | ||||||
| Ziggo B.V. | ||||||||
| 4.250%, 01/15/27 (EUR) |
80,000 | 95,246 | ||||||
| 4.875%, 01/15/30 (144A) |
385,000 | 397,031 | ||||||
| 5.500%, 01/15/27 (144A) |
627,000 | 648,161 | ||||||
| Ziggo Bond Co. B.V. | ||||||||
| 5.125%, 02/28/30 (144A) |
248,000 | 254,318 | ||||||
| 6.000%, 01/15/27 (144A) |
351,000 | 362,867 | ||||||
|
|
|
|||||||
| 57,395,201 | ||||||||
|
|
|
|||||||
| Metal Fabricate/Hardware—0.2% | ||||||||
| Advanced Drainage Systems, Inc. |
561,000 | 585,684 | ||||||
| Grinding Media, Inc. / Moly-Cop AltaSteel, Ltd. |
730,000 | 744,235 | ||||||
| Roller Bearing Co. of America, Inc. |
335,000 | 343,375 | ||||||
| Vallourec S.A. |
69,000 | 81,813 | ||||||
|
|
|
|||||||
| 1,755,107 | ||||||||
|
|
|
|||||||
| Mining—1.6% | ||||||||
| Arconic Corp. | ||||||||
| 6.000%, 05/15/25 (144A) |
294,000 | 308,765 | ||||||
| 6.125%, 02/15/28 (144A) |
805,000 | 853,316 | ||||||
| Constellium SE | ||||||||
| 3.750%, 04/15/29 (144A) |
1,966,000 | 1,914,727 | ||||||
| 5.625%, 06/15/28 (144A) |
513,000 | 538,955 | ||||||
| 5.875%, 02/15/26 (144A) |
555,000 | 563,325 | ||||||
| Freeport-McMoRan, Inc. | ||||||||
| 4.375%, 08/01/28 |
910,000 | 952,087 | ||||||
| 5.400%, 11/14/34 |
166,000 | 199,408 | ||||||
| 5.450%, 03/15/43 |
2,732,000 | 3,363,775 | ||||||
| Joseph T Ryerson & Son, Inc. |
250,000 | 277,188 | ||||||
| Kaiser Aluminum Corp. | ||||||||
| 4.500%, 06/01/31 (144A) |
338,000 | 346,450 | ||||||
| 4.625%, 03/01/28 (144A) |
131,000 | 135,258 | ||||||
| New Gold, Inc. | ||||||||
| 6.375%, 05/15/25 (144A) |
177,000 | 182,310 | ||||||
| 7.500%, 07/15/27 (144A) |
974,000 | 1,002,129 | ||||||
| Novelis Corp. | ||||||||
| 3.250%, 11/15/26 (144A) |
1,219,000 | 1,236,285 | ||||||
| 3.875%, 08/15/31 (144A) |
1,624,000 | 1,606,217 | ||||||
| 4.750%, 01/30/30 (144A) |
1,673,000 | 1,761,167 | ||||||
| Novelis Sheet Ingot Gmbh Co. |
100,000 | 120,695 | ||||||
| Vedanta Resources Finance II plc |
574,000 | 573,283 | ||||||
|
|
|
|||||||
| 15,935,340 | ||||||||
|
|
|
|||||||
BHFTI-72
Brighthouse Funds Trust I
BlackRock High Yield Portfolio
Schedule of Investments as of September 30, 2021 (Unaudited)
Corporate Bonds & Notes—(Continued)
| Security Description | Principal Amount* |
Value | ||||||
| Miscellaneous Manufacturing—0.1% | ||||||||
| Amsted Industries, Inc. |
339,000 | $ | 353,753 | |||||
| EnPro Industries, Inc. |
161,000 | 168,044 | ||||||
| Gates Global LLC / Gates Corp. |
453,000 | 469,988 | ||||||
|
|
|
|||||||
| 991,785 | ||||||||
|
|
|
|||||||
| Office/Business Equipment—0.1% | ||||||||
| CDW LLC / CDW Finance Corp. |
621,000 | 636,525 | ||||||
| Xerox Corp. |
435,000 | 435,087 | ||||||
|
|
|
|||||||
| 1,071,612 | ||||||||
|
|
|
|||||||
| Oil & Gas—5.1% | ||||||||
| Aethon United BR L.P. / Aethon United Finance Corp. |
1,537,000 | 1,659,960 | ||||||
| Antero Resources Corp. | ||||||||
| 5.375%, 03/01/30 (144A) |
198,000 | 208,524 | ||||||
| 7.625%, 02/01/29 (144A) |
601,000 | 671,918 | ||||||
| Apache Corp. | ||||||||
| 4.250%, 01/15/30 (a) |
513,000 | 552,768 | ||||||
| 5.100%, 09/01/40 |
1,111,000 | 1,244,298 | ||||||
| 5.250%, 02/01/42 (a) |
134,000 | 147,065 | ||||||
| 5.350%, 07/01/49 |
164,000 | 182,155 | ||||||
| Ascent Resources Utica Holdings LLC / ARU Finance Corp. | ||||||||
| 5.875%, 06/30/29 (144A) |
1,131,000 | 1,155,571 | ||||||
| 8.250%, 12/31/28 (144A) |
74,000 | 80,660 | ||||||
| 9.000%, 11/01/27 (144A) |
920,000 | 1,260,400 | ||||||
| BP Capital Markets plc |
100,000 | 143,120 | ||||||
| Callon Petroleum Co. | ||||||||
| 6.125%, 10/01/24 |
289,000 | 284,009 | ||||||
| 8.000%, 08/01/28 (144A) (a) |
1,609,000 | 1,588,887 | ||||||
| 9.000%, 04/01/25 (144A) |
1,967,000 | 2,126,927 | ||||||
| Centennial Resource Production LLC |
1,429,000 | 1,455,772 | ||||||
| Chesapeake Energy Corp. |
42,000 | 44,875 | ||||||
| CITGO Petroleum Corp. | ||||||||
| 6.375%, 06/15/26 (144A) (a) |
581,000 | 592,620 | ||||||
| 7.000%, 06/15/25 (144A) |
600,000 | 613,500 | ||||||
| CNX Resources Corp. |
152,000 | 160,740 | ||||||
| Colgate Energy Partners III LLC | ||||||||
| 5.875%, 07/01/29 (144A) |
794,000 | 799,955 | ||||||
| 7.750%, 02/15/26 (144A) |
298,000 | 313,645 | ||||||
| Comstock Resources, Inc. | ||||||||
| 5.875%, 01/15/30 (144A) |
829,000 | 862,160 | ||||||
| 6.750%, 03/01/29 (144A) (a) |
1,278,000 | 1,380,240 | ||||||
| 7.500%, 05/15/25 (144A) |
352,000 | 365,932 | ||||||
| Continental Resources, Inc. | ||||||||
| 4.500%, 04/15/23 |
51,000 | 52,849 | ||||||
| 4.900%, 06/01/44 (a) |
140,000 | 156,800 | ||||||
| Oil & Gas—(Continued) | ||||||||
| CrownRock L.P. / CrownRock Finance, Inc. |
1,929,000 | 1,974,235 | ||||||
| Endeavor Energy Resources L.P. / EER Finance, Inc. |
2,033,000 | 2,119,199 | ||||||
| EQT Corp. | ||||||||
| 3.125%, 05/15/26 (144A) |
467,000 | 478,731 | ||||||
| 3.625%, 05/15/31 (144A) (a) |
131,000 | 136,502 | ||||||
| 3.900%, 10/01/27 |
707,000 | 765,137 | ||||||
| 5.000%, 01/15/29 |
172,000 | 193,663 | ||||||
| 7.500%, 02/01/30 |
458,000 | 589,538 | ||||||
| Great Western Petroleum LLC / Great Western Finance Corp. |
296,000 | 300,524 | ||||||
| Independence Energy Finance LLC |
1,074,000 | 1,105,909 | ||||||
| Matador Resources Co. |
1,942,000 | 2,007,445 | ||||||
| Murphy Oil Corp. | ||||||||
| 5.750%, 08/15/25 |
271,000 | 279,732 | ||||||
| 6.375%, 12/01/42 |
64,000 | 64,488 | ||||||
| Neptune Energy Bondco plc |
400,000 | 411,500 | ||||||
| Northern Oil and Gas, Inc. |
1,195,000 | 1,276,559 | ||||||
| Occidental Petroleum Corp. | ||||||||
| 3.000%, 02/15/27 |
12,000 | 11,991 | ||||||
| 4.100%, 02/15/47 |
171,000 | 162,604 | ||||||
| 4.200%, 03/15/48 |
694,000 | 664,505 | ||||||
| 4.300%, 08/15/39 |
1,100,000 | 1,084,908 | ||||||
| 4.400%, 04/15/46 |
999,000 | 996,353 | ||||||
| 4.400%, 08/15/49 |
257,000 | 252,181 | ||||||
| 4.500%, 07/15/44 |
590,000 | 592,838 | ||||||
| 4.625%, 06/15/45 |
1,005,000 | 1,027,612 | ||||||
| 5.500%, 12/01/25 |
208,000 | 230,360 | ||||||
| 5.550%, 03/15/26 |
76,000 | 84,360 | ||||||
| 6.125%, 01/01/31 (a) |
528,000 | 633,851 | ||||||
| 6.200%, 03/15/40 |
2,242,000 | 2,640,403 | ||||||
| 6.600%, 03/15/46 |
51,000 | 64,005 | ||||||
| 6.950%, 07/01/24 |
153,000 | 172,890 | ||||||
| 8.875%, 07/15/30 |
93,000 | 126,334 | ||||||
| Ovintiv Exploration, Inc. |
82,000 | 92,714 | ||||||
| Ovintiv, Inc. | ||||||||
| 6.500%, 08/15/34 |
297,000 | 400,558 | ||||||
| 7.375%, 11/01/31 |
186,000 | 252,301 | ||||||
| Parkland Corp. |
473,000 | 501,380 | ||||||
| PDC Energy, Inc. | ||||||||
| 6.125%, 09/15/24 |
279,000 | 283,185 | ||||||
| 6.250%, 12/01/25 |
246,000 | 249,690 | ||||||
| Range Resources Corp. | ||||||||
| 4.875%, 05/15/25 |
210,000 | 221,718 | ||||||
| 9.250%, 02/01/26 |
68,000 | 74,123 | ||||||
| Repsol International Finance B.V. |
100,000 | 123,333 | ||||||
| Rockcliff Energy II LLC |
557,000 | 565,355 | ||||||
BHFTI-73
Brighthouse Funds Trust I
BlackRock High Yield Portfolio
Schedule of Investments as of September 30, 2021 (Unaudited)
Corporate Bonds & Notes—(Continued)
| Security Description | Principal Amount* |
Value | ||||||
| Oil & Gas—(Continued) | ||||||||
| SM Energy Co. | ||||||||
| 5.625%, 06/01/25 |
185,000 | $ | 186,060 | |||||
| 6.500%, 07/15/28 (a) |
193,000 | 199,817 | ||||||
| 6.750%, 09/15/26 (a) |
337,000 | 344,175 | ||||||
| 10.000%, 01/15/25 (144A) (a) |
1,846,000 | 2,058,991 | ||||||
| Southwestern Energy Co. | ||||||||
| 5.375%, 02/01/29 (144A) |
1,634,000 | 1,748,069 | ||||||
| 8.375%, 09/15/28 |
157,000 | 177,839 | ||||||
| Sunoco L.P. / Sunoco Finance Corp. | ||||||||
| 5.875%, 03/15/28 |
282,000 | 297,510 | ||||||
| 6.000%, 04/15/27 (a) |
131,000 | 136,404 | ||||||
| Tap Rock Resouces LLC |
1,617,000 | 1,655,404 | ||||||
| Transocean, Inc. |
330,000 | 339,900 | ||||||
| Vine Energy Holdings LLC |
1,517,000 | 1,637,419 | ||||||
|
|
|
|||||||
| 50,099,652 | ||||||||
|
|
|
|||||||
| Oil & Gas Services—0.4% | ||||||||
| Archrock Partners L.P. / Archrock Partners Finance Corp. | ||||||||
| 6.250%, 04/01/28 (144A) |
779,000 | 805,661 | ||||||
| 6.875%, 04/01/27 (144A) |
416,000 | 436,800 | ||||||
| CGG S.A. |
100,000 | 117,677 | ||||||
| ChampionX Corp. |
247,000 | 256,880 | ||||||
| Pioneer Energy Services Corp. |
691,833 | 766,344 | ||||||
| U.S.A. Compression Partners L.P. / U.S.A. Compression Finance Corp. | ||||||||
| 6.875%, 04/01/26 |
511,000 | 532,054 | ||||||
| 6.875%, 09/01/27 |
807,000 | 854,290 | ||||||
|
|
|
|||||||
| 3,769,706 | ||||||||
|
|
|
|||||||
| Packaging & Containers—1.8% | ||||||||
| ARD Finance S.A. |
2,416,000 | 2,566,638 | ||||||
| Ardagh Metal Packaging Finance USA LLC |
2,914,000 | 2,946,782 | ||||||
| Ardagh Packaging Finance plc / Ardagh Holdings USA, Inc. |
||||||||
| 4.125%, 08/15/26 (144A) |
685,000 | 711,030 | ||||||
| 4.750%, 07/15/27 (144A) (GBP) |
151,000 | 208,035 | ||||||
| 5.250%, 08/15/27 (144A) |
1,972,000 | 2,007,506 | ||||||
| Ball Corp. |
1,140,000 | 1,125,839 | ||||||
| Canpack S.A. / Canpack U.S. LLC |
249,000 | 253,046 | ||||||
| Crown Americas LLC / Crown Americas Capital Corp. |
71,000 | 73,173 | ||||||
| Crown Cork & Seal Co., Inc. |
79,000 | 97,565 | ||||||
| Intertape Polymer Group, Inc. |
354,000 | 359,880 | ||||||
| Packaging & Containers—(Continued) | ||||||||
| LABL, Inc. |
292,000 | 314,630 | ||||||
| Mauser Packaging Solutions Holding Co. |
1,054,000 | 1,063,223 | ||||||
| OI European Group B.V. |
||||||||
| 2.875%, 02/15/25 (EUR) |
100,000 | 117,375 | ||||||
| 3.125%, 11/15/24 (EUR) |
100,000 | 119,671 | ||||||
| Sealed Air Corp. |
179,000 | 190,617 | ||||||
| Trivium Packaging Finance B.V. |
||||||||
| 5.500%, 08/15/26 (144A) |
1,247,000 | 1,305,996 | ||||||
| 8.500%, 08/15/27 (144A) |
3,734,000 | 4,009,382 | ||||||
|
|
|
|||||||
| 17,470,388 | ||||||||
|
|
|
|||||||
| Pharmaceuticals—2.2% | ||||||||
| AdaptHealth LLC |
||||||||
| 4.625%, 08/01/29 (144A) (a) |
675,000 | 674,494 | ||||||
| 5.125%, 03/01/30 (144A) |
275,000 | 275,138 | ||||||
| 6.125%, 08/01/28 (144A) |
308,000 | 327,250 | ||||||
| Bausch Health Americas, Inc. |
643,000 | 684,924 | ||||||
| Bausch Health Cos., Inc. |
||||||||
| 4.875%, 06/01/28 (144A) |
556,000 | 576,155 | ||||||
| 5.000%, 01/30/28 (144A) |
49,000 | 46,487 | ||||||
| 5.000%, 02/15/29 (144A) |
926,000 | 862,338 | ||||||
| 5.250%, 01/30/30 (144A) (a) |
430,000 | 400,975 | ||||||
| 5.250%, 02/15/31 (144A) |
17,000 | 15,633 | ||||||
| 5.750%, 08/15/27 (144A) |
172,000 | 180,170 | ||||||
| 6.250%, 02/15/29 (144A) |
962,000 | 951,918 | ||||||
| 7.000%, 01/15/28 (144A) |
282,000 | 288,965 | ||||||
| 7.250%, 05/30/29 (144A) |
1,387,000 | 1,421,467 | ||||||
| 9.000%, 12/15/25 (144A) |
483,000 | 509,794 | ||||||
| Cheplapharm Arzneimittel GmbH |
||||||||
| 3.500%, 02/11/27 (EUR) |
100,000 | 117,138 | ||||||
| 4.375%, 01/15/28 (EUR) |
100,000 | 120,468 | ||||||
| 5.500%, 01/15/28 (144A) |
588,000 | 609,209 | ||||||
| Elanco Animal Health, Inc. |
20,000 | 23,400 | ||||||
| Endo Dac / Endo Finance LLC / Endo Finco, Inc. |
959,000 | 961,129 | ||||||
| Endo Luxembourg Finance Co. I S.a.r.l. |
1,228,000 | 1,228,000 | ||||||
| Gruenenthal GmbH |
100,000 | 121,363 | ||||||
| Jazz Securities DAC |
1,068,000 | 1,106,768 | ||||||
| Nidda Healthcare Holding GmbH |
400,000 | 460,097 | ||||||
| Organon & Co. / Organon Foreign Debt Co-Issuer BV | ||||||||
| 2.875%, 04/30/28 (EUR) |
100,000 | 118,199 | ||||||
| 4.125%, 04/30/28 (144A) |
1,930,000 | 1,968,600 | ||||||
| 5.125%, 04/30/31 (144A) |
1,887,000 | 1,982,010 | ||||||
| P&L Development LLC / PLD Finance Corp. |
709,000 | 736,438 | ||||||
BHFTI-74
Brighthouse Funds Trust I
BlackRock High Yield Portfolio
Schedule of Investments as of September 30, 2021 (Unaudited)
Corporate Bonds & Notes—(Continued)
| Security Description | Principal Amount* |
Value | ||||||
| Pharmaceuticals—(Continued) | ||||||||
| Par Pharmaceutical, Inc. |
2,341,000 | $ | 2,384,894 | |||||
| PRA Health Sciences, Inc. |
1,042,000 | 1,052,420 | ||||||
| Prestige Brands, Inc. |
738,000 | 712,170 | ||||||
| Rossini Sarl |
141,000 | 169,436 | ||||||
| Teva Pharmaceutical Finance Netherlands B.V. |
394,000 | 430,938 | ||||||
| Teva Pharmaceutical Finance Netherlands II B.V. |
200,000 | 250,227 | ||||||
|
|
|
|||||||
| 21,768,612 | ||||||||
|
|
|
|||||||
| Pipelines—4.6% | ||||||||
| Antero Midstream Partners L.P. / Antero Midstream Finance Corp. |
||||||||
| 5.375%, 06/15/29 (144A) |
546,000 | 562,380 | ||||||
| 5.750%, 03/01/27 (144A) |
196,000 | 202,478 | ||||||
| 7.875%, 05/15/26 (144A) |
984,000 | 1,075,955 | ||||||
| Buckeye Partners L.P. | ||||||||
| 4.125%, 03/01/25 (144A) |
67,000 | 69,429 | ||||||
| 5.600%, 10/15/44 |
415,000 | 403,587 | ||||||
| 5.850%, 11/15/43 |
318,000 | 318,286 | ||||||
| Cheniere Energy Partners L.P. |
||||||||
| 3.250%, 01/31/32 (144A) |
1,349,000 | 1,353,452 | ||||||
| 4.000%, 03/01/31 (144A) |
1,922,000 | 2,012,718 | ||||||
| 4.500%, 10/01/29 |
1,031,000 | 1,096,087 | ||||||
| Cheniere Energy, Inc. |
4,128,000 | 4,349,880 | ||||||
| CNX Midstream Partners L.P. |
255,000 | 258,946 | ||||||
| DCP Midstream Operating L.P. |
||||||||
| 5.600%, 04/01/44 |
14,000 | 16,310 | ||||||
| 6.450%, 11/03/36 (144A) (a) |
620,000 | 770,400 | ||||||
| 6.750%, 09/15/37 (144A) |
949,000 | 1,224,210 | ||||||
| DT Midstream, Inc. |
||||||||
| 4.125%, 06/15/29 (144A) |
1,149,000 | 1,165,155 | ||||||
| 4.375%, 06/15/31 (144A) |
1,512,000 | 1,557,360 | ||||||
| Energy Transfer L.P. |
1,710,000 | 1,780,743 | ||||||
| EnLink Midstream LLC |
||||||||
| 5.375%, 06/01/29 |
178,000 | 188,320 | ||||||
| 5.625%, 01/15/28 (144A) |
385,000 | 409,925 | ||||||
| EnLink Midstream Partners L.P. | ||||||||
| 4.150%, 06/01/25 |
39,000 | 40,191 | ||||||
| 4.400%, 04/01/24 |
429,000 | 445,911 | ||||||
| 4.850%, 07/15/26 |
55,000 | 57,733 | ||||||
| 5.050%, 04/01/45 |
67,000 | 61,137 | ||||||
| 5.600%, 04/01/44 |
424,000 | 404,920 | ||||||
| EQM Midstream Partners L.P. | ||||||||
| 4.125%, 12/01/26 |
103,000 | 105,802 | ||||||
| 4.500%, 01/15/29 (144A) |
333,000 | 345,487 | ||||||
| 4.750%, 01/15/31 (144A) |
1,059,000 | 1,101,381 | ||||||
| 6.000%, 07/01/25 (144A) |
554,000 | 607,295 | ||||||
| 6.500%, 07/01/27 (144A) |
783,000 | 880,679 | ||||||
| Pipelines—(Continued) | ||||||||
| Genesis Energy L.P. / Genesis Energy Finance Corp. | ||||||||
| 6.500%, 10/01/25 |
111,000 | 110,445 | ||||||
| 7.750%, 02/01/28 |
246,000 | 245,769 | ||||||
| 8.000%, 01/15/27 |
467,000 | 472,837 | ||||||
| Harvest Midstream I L.P. |
131,000 | 139,535 | ||||||
| Hess Midstream Operations L.P. |
691,000 | 698,774 | ||||||
| ITT Holdings LLC |
917,000 | 925,024 | ||||||
| New Fortress Energy, Inc. | ||||||||
| 6.500%, 09/30/26 (144A) |
2,955,000 | 2,825,719 | ||||||
| 6.750%, 09/15/25 (144A) |
3,308,000 | 3,183,950 | ||||||
| NGL Energy Operating LLC / NGL Energy Finance Corp. |
501,000 | 510,394 | ||||||
| NGPL PipeCo LLC |
691,000 | 990,285 | ||||||
| NuStar Logistics L.P. | ||||||||
| 5.750%, 10/01/25 |
302,000 | 325,405 | ||||||
| 6.000%, 06/01/26 |
239,000 | 258,120 | ||||||
| 6.375%, 10/01/30 |
53,000 | 58,300 | ||||||
| Rubis Terminal Infra SAS |
102,000 | 124,059 | ||||||
| Targa Resources Partners L.P. / Targa Resources Partners Finance Corp. |
||||||||
| 4.000%, 01/15/32 (144A) |
358,000 | 369,975 | ||||||
| 4.875%, 02/01/31 |
700,000 | 755,125 | ||||||
| 5.375%, 02/01/27 |
22,000 | 22,796 | ||||||
| 5.500%, 03/01/30 |
829,000 | 906,460 | ||||||
| 6.500%, 07/15/27 |
298,000 | 321,312 | ||||||
| 6.875%, 01/15/29 |
718,000 | 804,501 | ||||||
| Venture Global Calcasieu Pass LLC | ||||||||
| 3.875%, 08/15/29 (144A) |
2,121,000 | 2,184,736 | ||||||
| 4.125%, 08/15/31 (144A) |
1,896,000 | 1,976,580 | ||||||
| Western Midstream Operating L.P. | ||||||||
| 4.750%, 08/15/28 |
84,000 | 91,584 | ||||||
| 5.300%, 03/01/48 |
994,000 | 1,145,585 | ||||||
| 5.450%, 04/01/44 |
826,000 | 948,777 | ||||||
| 5.500%, 08/15/48 |
199,000 | 232,830 | ||||||
| 6.500%, 02/01/50 |
1,929,000 | 2,270,009 | ||||||
|
|
|
|||||||
| 45,765,043 | ||||||||
|
|
|
|||||||
| Real Estate—0.5% | ||||||||
| ADLER Group S.A. | ||||||||
| 2.750%, 11/13/26 (EUR) |
200,000 | 198,078 | ||||||
| 3.250%, 08/05/25 (EUR) |
200,000 | 203,870 | ||||||
| Aroundtown S.A. |
100,000 | 121,192 | ||||||
| Canary Wharf Group Investment Holding plc | ||||||||
| 1.750%, 04/07/26 (EUR) |
100,000 | 117,986 | ||||||
| 3.375%, 04/23/28 (GBP) |
100,000 | 137,082 | ||||||
| Citycon Oyj |
100,000 | 119,627 | ||||||
| Cushman and Wakefield U.S. Borrower LLC |
665,000 | 721,525 | ||||||
BHFTI-75
Brighthouse Funds Trust I
BlackRock High Yield Portfolio
Schedule of Investments as of September 30, 2021 (Unaudited)
Corporate Bonds & Notes—(Continued)
| Security Description | Principal Amount* |
Value | ||||||
| Real Estate—(Continued) | ||||||||
| DIC Asset AG |
100,000 | $ | 113,860 | |||||
| Fastighets AB Balder |
100,000 | 114,242 | ||||||
| Five Point Operating Co. L.P. / Five Point Capital Corp. |
200,000 | 209,000 | ||||||
| Heimstaden Bostad AB | ||||||||
| 2.625%, 5Y EUR Swap + 3.149%, 02/01/27 (EUR) (b) |
100,000 | 112,939 | ||||||
| 3.000%, 5Y EUR Swap + 3.268%, 10/29/27 (EUR) (b) |
100,000 | 114,247 | ||||||
| 3.375%, 5Y EUR Swap + 3.914%, 01/15/26 (EUR) (b) |
100,000 | 118,615 | ||||||
| Howard Hughes Corp. (The) | ||||||||
| 4.125%, 02/01/29 (144A) |
382,000 | 382,478 | ||||||
| 4.375%, 02/01/31 (144A) |
426,000 | 428,518 | ||||||
| 5.375%, 08/01/28 (144A) |
141,000 | 148,579 | ||||||
| Kennedy-Wilson, Inc. |
371,000 | 376,658 | ||||||
| Realogy Group LLC / Realogy Co-Issuer Corp. | ||||||||
| 5.750%, 01/15/29 (144A) (a) |
687,000 | 712,598 | ||||||
| 7.625%, 06/15/25 (144A) |
279,000 | 297,958 | ||||||
| Tropicana Entertainment LLC / Tropicana Finance Corp. |
70,000 | 0 | ||||||
| Unique Pub Finance Co. plc (The) |
400,000 | 646,623 | ||||||
|
|
|
|||||||
| 5,395,675 | ||||||||
|
|
|
|||||||
| Real Estate Investment Trusts—2.8% | ||||||||
| American Finance Trust, Inc. / American Finance Operating |
180,000 | 180,000 | ||||||
| Brookfield Property REIT, Inc. |
490,000 | 485,100 | ||||||
| CTR Partnership L.P. / Caretrust Capital Corp. |
433,000 | 449,238 | ||||||
| Diversified Healthcare Trust |
474,000 | 518,438 | ||||||
| Global Net Lease, Inc. / Global Net Lease Operating Partnership L.P. |
330,000 | 327,672 | ||||||
| GLP Capital L.P. / GLP Financing II, Inc. |
213,000 | 229,742 | ||||||
| HAT Holdings I LLC / HAT Holdings II LLC |
521,000 | 528,815 | ||||||
| Iron Mountain UK plc |
100,000 | 136,256 | ||||||
| Iron Mountain, Inc. | ||||||||
| 5.250%, 07/15/30 (144A) |
781,000 | 828,821 | ||||||
| 5.625%, 07/15/32 (144A) |
812,000 | 870,870 | ||||||
| Ladder Capital Finance Holdings LLLP / Ladder Capital Finance Corp. | ||||||||
| 4.250%, 02/01/27 (144A) |
720,000 | 712,800 | ||||||
| 4.750%, 06/15/29 (144A) |
365,000 | 362,427 | ||||||
| MGM Growth Properties Operating Partnership L.P. / MGP Finance Co-Issuer, Inc. |
||||||||
| 3.875%, 02/15/29 (144A) |
674,000 | 717,810 | ||||||
| 4.500%, 09/01/26 |
803,000 | 873,262 | ||||||
| 4.500%, 01/15/28 |
1,264,000 | 1,380,920 | ||||||
| 4.625%, 06/15/25 (144A) |
768,000 | 827,520 | ||||||
| 5.625%, 05/01/24 |
170,000 | 184,875 | ||||||
| 5.750%, 02/01/27 |
405,000 | 465,750 | ||||||
| Real Estate Investment Trusts—(Continued) | ||||||||
| MPT Operating Partnership L.P. / MPT Finance Corp. | ||||||||
| 3.500%, 03/15/31 |
2,697,000 | 2,750,940 | ||||||
| 4.625%, 08/01/29 |
950,000 | 1,019,350 | ||||||
| 5.000%, 10/15/27 |
99,000 | 104,321 | ||||||
| RHP Hotel Properties L.P. / RHP Finance Corp. | ||||||||
| 4.500%, 02/15/29 (144A) |
566,000 | 567,143 | ||||||
| 4.750%, 10/15/27 |
1,029,000 | 1,064,984 | ||||||
| RLJ Lodging Trust L.P. | ||||||||
| 3.750%, 07/01/26 (144A) |
361,000 | 362,805 | ||||||
| 4.000%, 09/15/29 (144A) |
268,000 | 267,582 | ||||||
| SBA Communications Corp. |
1,486,000 | 1,539,867 | ||||||
| Service Properties Trust | ||||||||
| 4.350%, 10/01/24 |
89,000 | 90,177 | ||||||
| 5.500%, 12/15/27 |
281,000 | 299,465 | ||||||
| 7.500%, 09/15/25 |
563,000 | 632,103 | ||||||
| Starwood Property Trust, Inc. |
68,000 | 71,331 | ||||||
| Uniti Group L.P. / Uniti Fiber Holdings, Inc. / CSL Capital LLC | ||||||||
| 4.750%, 04/15/28 (144A) |
905,000 | 924,231 | ||||||
| 6.000%, 01/15/30 (144A) |
365,000 | 361,806 | ||||||
| 6.500%, 02/15/29 (144A) (a) |
1,146,000 | 1,178,850 | ||||||
| 7.875%, 02/15/25 (144A) |
27,000 | 28,528 | ||||||
| VICI Properties L.P. / VICI Note Co., Inc. | ||||||||
| 3.500%, 02/15/25 (144A) |
211,000 | 215,220 | ||||||
| 3.750%, 02/15/27 (144A) (a) |
920,000 | 952,200 | ||||||
| 4.125%, 08/15/30 (144A) |
1,689,000 | 1,790,340 | ||||||
| 4.250%, 12/01/26 (144A) |
1,839,000 | 1,920,523 | ||||||
| 4.625%, 12/01/29 (144A) |
847,000 | 910,525 | ||||||
|
|
|
|||||||
| 27,132,607 | ||||||||
|
|
|
|||||||
| Retail—3.1% | ||||||||
| 1011778 BC ULC / New Red Finance, Inc. | ||||||||
| 3.875%, 01/15/28 (144A) |
566,000 | 571,575 | ||||||
| 4.375%, 01/15/28 (144A) |
683,000 | 693,388 | ||||||
| 5.750%, 04/15/25 (144A) (a) |
296,000 | 310,756 | ||||||
| Asbury Automotive Group, Inc. | ||||||||
| 4.500%, 03/01/28 |
282,000 | 289,403 | ||||||
| 4.750%, 03/01/30 |
282,000 | 294,337 | ||||||
| Bath & Body Works, Inc. | ||||||||
| 6.625%, 10/01/30 (144A) |
307,000 | 348,445 | ||||||
| 6.750%, 07/01/36 |
153,000 | 189,720 | ||||||
| 6.875%, 11/01/35 |
922,000 | 1,157,110 | ||||||
| BCPE Ulysses Intermediate, Inc. |
140,000 | 138,950 | ||||||
| Beacon Roofing Supply, Inc. |
260,000 | 258,375 | ||||||
| Carrols Restaurant Group, Inc. |
164,000 | 154,365 | ||||||
| Carvana Co. | ||||||||
| 4.875%, 09/01/29 (144A) |
609,000 | 603,090 | ||||||
| 5.500%, 04/15/27 (144A) |
743,000 | 758,380 | ||||||
| Constellation Automotive Financing plc |
100,000 | 133,676 | ||||||
BHFTI-76
Brighthouse Funds Trust I
BlackRock High Yield Portfolio
Schedule of Investments as of September 30, 2021 (Unaudited)
Corporate Bonds & Notes—(Continued)
| Security Description | Principal Amount* |
Value | ||||||
| Retail—(Continued) | ||||||||
| eG Global Finance plc | ||||||||
| 6.250%, 10/30/25 (EUR) |
180,000 | $ | 212,986 | |||||
| 6.750%, 02/07/25 (144A) |
958,000 | 979,555 | ||||||
| 8.500%, 10/30/25 (144A) |
525,000 | 546,656 | ||||||
| Foundation Building Materials, Inc. |
479,000 | 469,420 | ||||||
| Gap, Inc. (The) | ||||||||
| 3.625%, 10/01/29 (144A) |
275,000 | 275,688 | ||||||
| 3.875%, 10/01/31 (144A) |
214,000 | 214,000 | ||||||
| Golden Nugget, Inc. |
2,381,000 | 2,384,095 | ||||||
| Goldstory SASU |
100,000 | 119,947 | ||||||
| Group 1 Automotive, Inc. |
90,000 | 91,575 | ||||||
| GYP Holdings III Corp. |
609,000 | 615,851 | ||||||
| IRB Holding Corp. |
315,000 | 334,443 | ||||||
| Ken Garff Automotive LLC |
286,000 | 293,865 | ||||||
| LBM Acquisition LLC |
1,186,000 | 1,185,407 | ||||||
| LCM Investments Holdings II LLC |
769,000 | 789,048 | ||||||
| Lithia Motors, Inc. |
345,000 | 358,096 | ||||||
| Murphy Oil USA, Inc. |
302,000 | 319,742 | ||||||
| NMG Holding Co., Inc. / Neiman Marcus Group LLC |
1,015,000 | 1,077,169 | ||||||
| Penske Automotive Group, Inc. | ||||||||
| 3.500%, 09/01/25 (a) |
431,000 | 443,391 | ||||||
| 3.750%, 06/15/29 |
181,000 | 182,019 | ||||||
| PetSmart, Inc. / PetSmart Finance Corp. | ||||||||
| 4.750%, 02/15/28 (144A) |
1,262,000 | 1,296,705 | ||||||
| 7.750%, 02/15/29 (144A) |
3,496,000 | 3,815,010 | ||||||
| Specialty Building Products Holdings LLC / SBP Finance Corp. |
902,000 | 947,100 | ||||||
| SRS Distribution, Inc. | ||||||||
| 4.625%, 07/01/28 (144A) |
1,149,000 | 1,172,210 | ||||||
| 6.125%, 07/01/29 (144A) (a) |
917,000 | 944,510 | ||||||
| Staples, Inc. | ||||||||
| 7.500%, 04/15/26 (144A) |
1,683,000 | 1,706,941 | ||||||
| 10.750%, 04/15/27 (144A) |
517,000 | 503,429 | ||||||
| Stonegate Pub Co. Financing plc |
200,000 | 283,224 | ||||||
| Suburban Propane Partners L.P./Suburban Energy Finance Corp. |
347,000 | 360,012 | ||||||
| Tendam Brands S.A.U. |
100,000 | 115,105 | ||||||
| Very Group Funding plc (The) |
100,000 | 136,574 | ||||||
| White Cap Buyer LLC |
2,053,000 | 2,165,915 | ||||||
| Retail—(Continued) | ||||||||
| White Cap Parent LLC |
517,000 | 533,802 | ||||||
| Yum! Brands, Inc. |
45,000 | 48,772 | ||||||
| 5.350%, 11/01/43 |
14,000 | 15,400 | ||||||
|
|
|
|||||||
| 30,839,232 | ||||||||
|
|
|
|||||||
| Semiconductors—0.3% | ||||||||
| AMS AG |
100,000 | 123,668 | ||||||
| Entegris, Inc. | ||||||||
| 3.625%, 05/01/29 (144A) |
251,000 | 256,055 | ||||||
| 4.375%, 04/15/28 (144A) |
325,000 | 340,437 | ||||||
| Microchip Technology, Inc. |
765,000 | 799,984 | ||||||
| ON Semiconductor Corp. |
703,000 | 725,847 | ||||||
| Synaptics, Inc. |
488,000 | 499,258 | ||||||
|
|
|
|||||||
| 2,745,249 | ||||||||
|
|
|
|||||||
| Software—3.0% | ||||||||
| ACI Worldwide, Inc. |
954,000 | 996,930 | ||||||
| Ascend Learning LLC |
1,449,000 | 1,474,661 | ||||||
| Black Knight InfoServ LLC |
815,000 | 819,075 | ||||||
| Boxer Parent Co., Inc. | ||||||||
| 6.500%, 10/02/25 (EUR) |
200,000 | 243,231 | ||||||
| 7.125%, 10/02/25 (144A) |
689,000 | 735,404 | ||||||
| 9.125%, 03/01/26 (144A) |
1,771,000 | 1,857,000 | ||||||
| Camelot Finance S.A. |
170,000 | 176,588 | ||||||
| Castle U.S. Holding Corp. |
581,000 | 607,145 | ||||||
| Cedacri Mergeco S.p.A. |
100,000 | 116,414 | ||||||
| Change Healthcare Holdings LLC / Change Healthcare Finance, Inc. |
2,151,000 | 2,167,132 | ||||||
| Clarivate Science Holdings Corp. | ||||||||
| 3.875%, 07/01/28 (144A) (a) |
1,044,000 | 1,044,000 | ||||||
| 4.875%, 07/01/29 (144A) |
1,375,000 | 1,377,681 | ||||||
| Consensus Cloud Solutions, Inc. | ||||||||
| 6.000%, 10/15/26 (144A) |
197,000 | 202,418 | ||||||
| 6.500%, 10/15/28 (144A) |
179,000 | 185,757 | ||||||
| Dun & Bradstreet Corp. (The) | ||||||||
| 6.875%, 08/15/26 (144A) |
798,000 | 836,902 | ||||||
| 10.250%, 02/15/27 (144A) |
557,000 | 598,775 | ||||||
| Elastic NV |
1,009,000 | 1,014,045 | ||||||
| Fair Isaac Corp. |
187,000 | 191,675 | ||||||
BHFTI-77
Brighthouse Funds Trust I
BlackRock High Yield Portfolio
Schedule of Investments as of September 30, 2021 (Unaudited)
Corporate Bonds & Notes—(Continued)
| Security Description | Principal Amount* |
Value | ||||||
| Software—(Continued) | ||||||||
| Helios Software Holdings, Inc. / ION Corporate Solutions Finance Sarl |
558,000 | $ | 549,630 | |||||
| MicroStrategy, Inc. |
852,000 | 860,520 | ||||||
| MSCI, Inc. | ||||||||
| 3.250%, 08/15/33 (144A) |
497,000 | 502,696 | ||||||
| 3.625%, 09/01/30 (144A) |
383,000 | 395,926 | ||||||
| 3.625%, 11/01/31 (144A) |
329,000 | 342,349 | ||||||
| 3.875%, 02/15/31 (144A) |
181,000 | 189,824 | ||||||
| 4.000%, 11/15/29 (144A) |
68,000 | 71,992 | ||||||
| Nuance Communications, Inc. |
234,000 | 242,190 | ||||||
| Open Text Holdings, Inc. |
344,000 | 353,460 | ||||||
| Playtika Holding Corp. |
1,064,000 | 1,067,394 | ||||||
| PTC, Inc. |
228,000 | 233,985 | ||||||
| Rackspace Technology Global, Inc. |
947,000 | 930,427 | ||||||
| Rocket Software, Inc. |
1,018,000 | 1,007,820 | ||||||
| SS&C Technologies, Inc. |
2,769,000 | 2,923,877 | ||||||
| Twilio, Inc. |
938,000 | 960,334 | ||||||
| Veritas U.S. Inc. / Veritas Bermuda, Ltd. |
2,454,000 | 2,552,160 | ||||||
| ZoomInfo Technologies LLC |
1,267,000 | 1,260,665 | ||||||
|
|
|
|||||||
| 29,090,082 | ||||||||
|
|
|
|||||||
| Telecommunications—7.9% | ||||||||
| Altice France Holding S.A. | ||||||||
| 6.000%, 02/15/28 (144A) (a) |
1,062,000 | 1,020,024 | ||||||
| 10.500%, 05/15/27 (144A) |
4,307,000 | 4,710,135 | ||||||
| Altice France S.A. | ||||||||
| 2.500%, 01/15/25 (EUR) |
100,000 | 113,692 | ||||||
| 4.125%, 01/15/29 (EUR) |
100,000 | 114,532 | ||||||
| 4.250%, 10/15/29 (EUR) |
100,000 | 114,385 | ||||||
| 5.125%, 01/15/29 (144A) |
331,000 | 324,380 | ||||||
| 5.125%, 07/15/29 (144A) |
2,816,000 | 2,761,018 | ||||||
| 5.500%, 01/15/28 (144A) |
364,000 | 370,088 | ||||||
| 5.500%, 10/15/29 (144A) |
1,318,000 | 1,304,665 | ||||||
| 5.875%, 02/01/27 (EUR) |
200,000 | 242,179 | ||||||
| 7.375%, 05/01/26 (144A) |
434,000 | 450,318 | ||||||
| 8.125%, 02/01/27 (144A) |
2,130,000 | 2,291,880 | ||||||
| Avaya, Inc. |
2,417,000 | 2,541,403 | ||||||
| Cincinnati Bell, Inc. | ||||||||
| 7.000%, 07/15/24 (144A) |
1,046,000 | 1,064,546 | ||||||
| 8.000%, 10/15/25 (144A) |
104,000 | 108,389 | ||||||
| CommScope Technologies LLC |
741,000 | 750,262 | ||||||
| Telecommunications—(Continued) | ||||||||
| CommScope, Inc. | ||||||||
| 4.750%, 09/01/29 (144A) |
1,377,000 | 1,375,279 | ||||||
| 6.000%, 03/01/26 (144A) |
494,000 | 512,935 | ||||||
| 7.125%, 07/01/28 (144A) |
786,000 | 802,089 | ||||||
| 8.250%, 03/01/27 (144A) |
91,000 | 95,252 | ||||||
| Connect Finco S.a.r.l. / Connect U.S. Finco LLC |
5,160,000 | 5,398,650 | ||||||
| Consolidated Communications, Inc. |
1,812,000 | 1,968,285 | ||||||
| Frontier Communications Holdings LLC | ||||||||
| 5.000%, 05/01/28 (144A) |
1,877,000 | 1,970,850 | ||||||
| 5.875%, 10/15/27 (144A) |
1,081,000 | 1,148,562 | ||||||
| 6.750%, 05/01/29 (144A) |
1,223,000 | 1,288,736 | ||||||
| Hughes Satellite Systems Corp. |
61,000 | 68,778 | ||||||
| Intelsat Jackson Holdings S.A. |
142,000 | 145,728 | ||||||
| Koninklijke KPN NV |
200,000 | 235,425 | ||||||
| Level 3 Financing, Inc. | ||||||||
| 3.750%, 07/15/29 (144A) |
816,000 | 788,648 | ||||||
| 4.250%, 07/01/28 (144A) |
992,000 | 999,668 | ||||||
| Ligado Networks LLC |
1,429,008 | 1,386,309 | ||||||
| Lorca Telecom Bondco S.A. |
100,000 | 116,427 | ||||||
| Lumen Technologies, Inc. | ||||||||
| 4.500%, 01/15/29 (144A) |
1,411,000 | 1,367,231 | ||||||
| 5.125%, 12/15/26 (144A) (a) |
2,211,000 | 2,293,912 | ||||||
| 5.375%, 06/15/29 (144A) (a) |
1,678,000 | 1,712,164 | ||||||
| 6.750%, 12/01/23 |
183,000 | 200,614 | ||||||
| 7.500%, 04/01/24 |
544,000 | 602,480 | ||||||
| 7.600%, 09/15/39 |
260,000 | 291,200 | ||||||
| 7.650%, 03/15/42 |
909,000 | 1,018,080 | ||||||
| Matterhorn Telecom S.A. |
100,000 | 118,525 | ||||||
| Nokia Oyj |
397,000 | 541,905 | ||||||
| Oi S.A. |
14,000 | 13,141 | ||||||
| Sable International Finance, Ltd. |
300,000 | 315,000 | ||||||
| SES S.A. |
100,000 | 117,975 | ||||||
| SoftBank Group Corp. | ||||||||
| 2.125%, 07/06/24 (EUR) |
100,000 | 114,487 | ||||||
| 2.875%, 01/06/27 (EUR) |
100,000 | 110,947 | ||||||
| 3.375%, 07/06/29 (EUR) |
100,000 | 109,361 | ||||||
| 4.500%, 04/20/25 (EUR) |
200,000 | 243,768 | ||||||
| 4.750%, 07/30/25 (EUR) |
100,000 | 122,270 | ||||||
| 5.000%, 04/15/28 (EUR) |
100,000 | 121,513 | ||||||
| Sprint Capital Corp. | ||||||||
| 6.875%, 11/15/28 |
2,597,000 | 3,324,160 | ||||||
| 8.750%, 03/15/32 |
2,556,000 | 3,818,306 | ||||||
BHFTI-78
Brighthouse Funds Trust I
BlackRock High Yield Portfolio
Schedule of Investments as of September 30, 2021 (Unaudited)
Corporate Bonds & Notes—(Continued)
| Security Description | Principal Amount* |
Value | ||||||
| Telecommunications—(Continued) | ||||||||
| Sprint Corp. | ||||||||
| 7.125%, 06/15/24 |
120,000 | $ | 136,584 | |||||
| 7.625%, 03/01/26 |
1,206,000 | 1,461,340 | ||||||
| 7.875%, 09/15/23 |
235,000 | 262,577 | ||||||
| Switch, Ltd. | ||||||||
| 3.750%, 09/15/28 (144A) |
819,000 | 831,285 | ||||||
| 4.125%, 06/15/29 (144A) |
1,130,000 | 1,159,662 | ||||||
| T-Mobile USA, Inc. | ||||||||
| 2.625%, 02/15/29 |
946,000 | 955,989 | ||||||
| 2.875%, 02/15/31 |
1,191,000 | 1,201,123 | ||||||
| 3.500%, 04/15/31 |
1,110,000 | 1,170,645 | ||||||
| 3.500%, 04/15/31 (144A) |
953,000 | 1,005,067 | ||||||
| 4.750%, 02/01/28 |
242,000 | 257,125 | ||||||
| Telecom Italia Capital S.A. | ||||||||
| 6.000%, 09/30/34 |
1,052,000 | 1,180,870 | ||||||
| 6.375%, 11/15/33 |
539,000 | 627,234 | ||||||
| 7.200%, 07/18/36 |
214,000 | 262,150 | ||||||
| 7.721%, 06/04/38 |
204,000 | 261,120 | ||||||
| Telecom Italia Finance S.A. |
42,000 | 70,957 | ||||||
| Telecom Italia S.p.A. | ||||||||
| 1.625%, 01/18/29 (EUR) |
155,000 | 175,729 | ||||||
| 4.000%, 04/11/24 (EUR) |
100,000 | 123,702 | ||||||
| 5.303%, 05/30/24 (144A) |
271,000 | 291,962 | ||||||
| Telefonica Europe B.V. | ||||||||
| 4.375%, 6Y EUR Swap + 4.107%, 12/14/24 (EUR)(b) |
200,000 | 251,086 | ||||||
| 5.875%, 10Y EUR Swap + 4.301%, 03/31/24 (EUR)(b) |
100,000 | 128,432 | ||||||
| Telesat Canada / Telesat LLC |
304,000 | 279,680 | ||||||
| ViaSat, Inc. | ||||||||
| 5.625%, 04/15/27 (144A) |
376,000 | 391,980 | ||||||
| 6.500%, 07/15/28 (144A) (a) |
1,470,000 | 1,548,233 | ||||||
| Viavi Solutions, Inc. |
806,000 | 807,773 | ||||||
| Vmed O2 UK Financing I plc | ||||||||
| 4.000%, 01/31/29 (GBP) |
100,000 | 135,751 | ||||||
| 4.250%, 01/31/31 (144A) |
213,000 | 212,467 | ||||||
| 4.500%, 07/15/31 (GBP) |
134,000 | 184,163 | ||||||
| 4.750%, 07/15/31 (144A) |
1,876,000 | 1,916,672 | ||||||
| Vodafone Group plc | ||||||||
| 3.000%, 5Y EUR Swap + 3.227%, 08/27/80 (EUR) (b) |
100,000 | 119,221 | ||||||
| 3.100%, 5Y EUR Swap + 2.669%, 01/03/79 (EUR) (b) |
200,000 | 240,545 | ||||||
| Zayo Group Holdings, Inc. | ||||||||
| 4.000%, 03/01/27 (144A) |
3,465,000 | 3,448,472 | ||||||
| 6.125%, 03/01/28 (144A) (a) |
3,552,000 | 3,600,947 | ||||||
|
|
|
|||||||
| 77,841,099 | ||||||||
|
|
|
|||||||
| Toys/Games/Hobbies—0.2% | ||||||||
| Mattel, Inc. | ||||||||
| 3.750%, 04/01/29 (144A) |
260,000 | 271,050 | ||||||
| 5.450%, 11/01/41 |
613,000 | 726,405 | ||||||
| 5.875%, 12/15/27 (144A) |
213,000 | 230,839 | ||||||
| 6.200%, 10/01/40 |
371,000 | 476,735 | ||||||
|
|
|
|||||||
| 1,705,029 | ||||||||
|
|
|
|||||||
| Transportation—0.1% | ||||||||
| CMA CGM S.A. |
100,000 | 128,171 | ||||||
| Danaos Corp. |
108,000 | 119,340 | ||||||
| Getlink SE |
100,000 | 119,855 | ||||||
| Poste Italiane S.p.A. |
150,000 | 172,232 | ||||||
| Seaspan Corp. |
957,000 | 976,351 | ||||||
|
|
|
|||||||
| 1,515,949 | ||||||||
|
|
|
|||||||
| Trucking & Leasing—0.1% | ||||||||
| Fortress Transportation and Infrastructure Investors LLC | ||||||||
| 5.500%, 05/01/28 (144A) |
801,000 | 806,387 | ||||||
| 6.500%, 10/01/25 (144A) |
165,000 | 169,848 | ||||||
| 9.750%, 08/01/27 (144A) |
107,000 | 121,177 | ||||||
|
|
|
|||||||
| 1,097,412 | ||||||||
|
|
|
|||||||
| Water—0.1% | ||||||||
| Solaris Midstream Holding LLC |
272,000 | 291,490 | ||||||
| Thames Water Kemble Finance plc |
168,000 | 235,834 | ||||||
|
|
|
|||||||
| 527,324 | ||||||||
|
|
|
|||||||
| Total Corporate Bonds & Notes |
817,472,567 | |||||||
|
|
|
|||||||
| Floating Rate Loans (j)—10.7% |
| |||||||
| Advertising—0.2% | ||||||||
| Clear Channel Outdoor Holdings, Inc. |
1,675,683 | 1,643,501 | ||||||
|
|
|
|||||||
| Aerospace/Defense—0.1% | ||||||||
| Sequa Mezzanine Holdings LLC |
388,300 | 394,610 | ||||||
| Spirit Aerosystems, Inc. |
432,730 | 435,976 | ||||||
|
|
|
|||||||
| 830,586 | ||||||||
|
|
|
|||||||
| Airlines—0.6% | ||||||||
| AAdvantage Loyalty, IP Ltd. |
1,571,284 | 1,625,943 | ||||||
| Air Canada |
949,000 | 954,338 | ||||||
| Mileage Plus Holdings LLC |
402,000 | 427,293 | ||||||
| SkyMiles IP, Ltd. |
696,000 | 740,935 | ||||||
BHFTI-79
Brighthouse Funds Trust I
BlackRock High Yield Portfolio
Schedule of Investments as of September 30, 2021 (Unaudited)
Floating Rate Loans (j)—(Continued)
| Security Description | Principal Amount* |
Value | ||||||
| Airlines—(Continued) | ||||||||
| United Airlines, Inc. |
1,675,580 | $ | 1,690,888 | |||||
|
|
|
|||||||
| 5,439,397 | ||||||||
|
|
|
|||||||
| Auto Parts & Equipment—0.1% | ||||||||
| Clarios Global L.P. |
508,693 | 506,944 | ||||||
|
|
|
|||||||
| Building Materials—0.2% | ||||||||
| CP Atlas Buyer, Inc. |
222,880 | 222,619 | ||||||
| CPG International, Inc. |
233,724 | 234,099 | ||||||
| Forterra Finance, LLC |
201,278 | 201,444 | ||||||
| Grinding Media, Inc. |
261,000 | 261,979 | ||||||
| Standard Industries, Inc. |
1,299,000 | 1,301,346 | ||||||
|
|
|
|||||||
| 2,221,487 | ||||||||
|
|
|
|||||||
| Chemicals—0.4% | ||||||||
| Ascend Performance Materials Operations LLC |
889,925 | 902,162 | ||||||
| Atotech B.V. |
1,168,073 | 1,167,780 | ||||||
| Illuminate Buyer LLC |
596,228 | 596,228 | ||||||
| Invictus U.S. LLC |
103,713 | 103,762 | ||||||
| New Arclin U.S. Holding Corp. | ||||||||
| 2021 Delayed Draw Term Loan, 09/22/28 (h) |
66,069 | 66,165 | ||||||
| 2021 Term Loan, 10/02/28 (h) |
452,573 | 453,233 | ||||||
| W.R. Grace & Co. |
860,000 | 864,032 | ||||||
|
|
|
|||||||
| 4,153,362 | ||||||||
|
|
|
|||||||
| Commercial Services—0.7% | ||||||||
| Amentum Government Services Holdings LLC |
142,200 | 142,318 | ||||||
| AVSC Holding Corp. |
658,678 | 517,337 | ||||||
| Parexel International Corp. |
762,318 | 761,993 | ||||||
| Sabre GLBL, Inc. |
||||||||
| Term Loan B1, 4.000%, 1M LIBOR + 3.500%, 12/17/27 |
430,300 | 427,678 | ||||||
| Term Loan B2, 4.000%, 1M LIBOR + 3.500%, 12/17/27 |
685,924 | 681,744 | ||||||
| Sotheby’s |
156,020 | 156,735 | ||||||
| TruGreen L.P. |
378,000 | 385,560 | ||||||
| Commercial Services—(Continued) | ||||||||
| Verscend Holding Corp. | ||||||||
| 2nd Lien Term Loan, 7.500%, 1M LIBOR + 7.000%, 02/01/29 |
1,564,000 | 1,579,640 | ||||||
| Term Loan B, 4.084%, 1M LIBOR + 4.000%, 08/27/25 |
2,570,092 | 2,577,160 | ||||||
|
|
|
|||||||
| 7,230,165 | ||||||||
|
|
|
|||||||
| Computers—0.8% | ||||||||
| Banff Merger Sub, Inc. |
1,141,000 | 1,154,907 | ||||||
| Flexential Intermediate Corp. |
148,000 | 136,125 | ||||||
| Magenta Buyer LLC |
||||||||
| USD 1st Lien Term Loan, 5.750%, 3M LIBOR + 5.000%, 07/27/28 |
2,095,000 | 2,098,143 | ||||||
| USD 2nd Lien Term Loan, 9.000%, 3M LIBOR + 8.250%, 05/03/29 |
1,089,000 | 1,087,639 | ||||||
| Peraton Holding Corp. | ||||||||
| 2nd Lien Term Loan B1, 8.500%, 1M LIBOR + 7.750%, 02/01/29 |
730,000 | 746,425 | ||||||
| Term Loan B, 4.500%, 1M LIBOR + 3.750%, 02/01/28 |
2,155,751 | 2,160,371 | ||||||
| Tempo Acquisition LLC |
68,639 | 68,887 | ||||||
| TierPoint, LLC |
314,504 | 315,519 | ||||||
|
|
|
|||||||
| 7,768,016 | ||||||||
|
|
|
|||||||
| Distribution/Wholesale—0.0% | ||||||||
| Dealer Tire, LLC |
165,060 | 165,524 | ||||||
| KAR Auction Services, Inc. |
119,488 | 117,696 | ||||||
|
|
|
|||||||
| 283,220 | ||||||||
|
|
|
|||||||
| Diversified Financial Services—0.1% | ||||||||
| AqGen Ascensus, Inc. |
352,000 | 352,880 | ||||||
| Deerfield Dakota Holding LLC |
558,000 | 577,530 | ||||||
|
|
|
|||||||
| 930,410 | ||||||||
|
|
|
|||||||
| Electric—0.0% | ||||||||
| Calpine Corp. |
35,777 | 35,409 | ||||||
|
|
|
|||||||
| Engineering & Construction—0.4% | ||||||||
| Brand Energy & Infrastructure Services, Inc. |
4,262,585 | 4,234,388 | ||||||
|
|
|
|||||||
| Entertainment—0.0% | ||||||||
| Great Canadian Gaming Corp. |
147,000 | 147,521 | ||||||
|
|
|
|||||||
BHFTI-80
Brighthouse Funds Trust I
BlackRock High Yield Portfolio
Schedule of Investments as of September 30, 2021 (Unaudited)
Floating Rate Loans (j)—(Continued)
| Security Description | Principal Amount* |
Value | ||||||
| Environmental Control—0.1% | ||||||||
| GFL Environmental, Inc. |
202,638 | $ | 203,303 | |||||
| Madison IAQ LLC |
267,330 | 267,268 | ||||||
|
|
|
|||||||
| 470,571 | ||||||||
|
|
|
|||||||
| Food—0.1% | ||||||||
| Celestial-Saturn Parent, Inc. |
||||||||
| 2nd Lien Term Loan, 7.000%, 1M LIBOR + 6.500%, 06/04/29 |
669,000 | 685,725 | ||||||
| KKR Apple Bidco, LLC | ||||||||
| 2nd Lien Term Loan, 07/13/29 (h) |
70,000 | 71,312 | ||||||
| Term Loan, 07/14/28 (h) |
570,000 | 570,285 | ||||||
|
|
|
|||||||
| 1,327,322 | ||||||||
|
|
|
|||||||
| Healthcare-Products—0.2% | ||||||||
| Ortho-Clinical Diagnostics S.A. | ||||||||
| Term Loan B, 3.083%, 1M LIBOR + 3.000%, 06/30/25 |
176,323 | 176,356 | ||||||
| Term Loan B, 3.500%, 3M EURIBOR + 3.500%, 06/30/25 (EUR) |
951,468 | 1,104,774 | ||||||
| Sotera Health Holdings LLC |
849,000 | 845,816 | ||||||
|
|
|
|||||||
| 2,126,946 | ||||||||
|
|
|
|||||||
| Healthcare-Services—0.4% | ||||||||
| Da Vinci Purchaser Corp. |
397,963 | 399,952 | ||||||
| Envision Healthcare Corp. |
1,407,571 | 1,256,257 | ||||||
| Gentiva Health Services, Inc. |
271,182 | 271,408 | ||||||
| Icon Luxembourg Sarl |
1,046,034 | 1,050,828 | ||||||
| Medical Solutions LLC |
375,000 | 371,250 | ||||||
| Quorum Health Corp. |
581,642 | 585,034 | ||||||
| RegionalCare Hospital Partners Holdings, Inc. |
251,646 | 251,536 | ||||||
|
|
|
|||||||
| 4,186,265 | ||||||||
|
|
|
|||||||
| Housewares—0.1% | ||||||||
| Springs Windows Fashions LLC |
749,000 | 744,319 | ||||||
|
|
|
|||||||
| Insurance—0.2% | ||||||||
| Alliant Holdings Intermediate, LLC |
359,334 | 360,157 | ||||||
| Asurion LLC |
161,343 | 159,142 | ||||||
| Ryan Specialty Group LLC |
424,713 | 425,598 | ||||||
| Insurance—(Continued) | ||||||||
| Sedgwick Claims Management Services, Inc. | ||||||||
| Term Loan B, 3.334%, 1M LIBOR + 3.250%, 12/31/25 |
764,166 | 758,972 | ||||||
| Term Loan B, 3.834%, 1M LIBOR + 3.750%, 09/03/26 |
504,390 | 503,949 | ||||||
| Term Loan B3, 5.250%, 1M LIBOR + 4.250%, 09/03/26 |
178,850 | 179,595 | ||||||
|
|
|
|||||||
| 2,387,413 | ||||||||
|
|
|
|||||||
| Internet—0.3% | ||||||||
| Barracuda Networks, Inc. |
431,683 | 437,799 | ||||||
| CNT Holdings I Corp. |
535,310 | 536,314 | ||||||
| I-Logic Technologies Bidco Ltd. |
242,396 | 243,582 | ||||||
| MH Sub I, LLC |
129,000 | 131,231 | ||||||
| Northwest Fiber, LLC |
428,030 | 428,137 | ||||||
| Proofpoint, Inc. |
643,000 | 640,142 | ||||||
| PUG LLC |
377,244 | 369,463 | ||||||
|
|
|
|||||||
| 2,786,668 | ||||||||
|
|
|
|||||||
| Leisure Time—0.1% | ||||||||
| Life Time Fitness, Inc. |
603,779 | 608,622 | ||||||
|
|
|
|||||||
| Lodging—0.1% | ||||||||
| Caesars Resort Collection LLC |
332,860 | 333,654 | ||||||
| Golden Nugget, Inc. | ||||||||
| Initial Term Loan, 13.000%, 3M LIBOR + 12.000%, 10/04/23 |
122,507 | 134,145 | ||||||
| Term Loan B, 3.250%, 2M LIBOR + 2.500%, 10/04/23 |
866,425 | 863,176 | ||||||
|
|
|
|||||||
| 1,330,975 | ||||||||
|
|
|
|||||||
| Machinery-Diversified—0.2% | ||||||||
| Titan Acquisition, Ltd. |
1,978,439 | 1,947,526 | ||||||
|
|
|
|||||||
| Media—0.3% | ||||||||
| A-L Parent LLC |
159,619 | 153,501 | ||||||
| Altice Financing S.A. |
80,280 | 79,156 | ||||||
| DirecTV Financing LLC |
1,241,000 | 1,243,456 | ||||||
| MSG National Properties LLC |
907,145 | 932,091 | ||||||
BHFTI-81
Brighthouse Funds Trust I
BlackRock High Yield Portfolio
Schedule of Investments as of September 30, 2021 (Unaudited)
Floating Rate Loans (j)—(Continued)
| Security Description | Principal Amount* |
Value | ||||||
| Media—(Continued) | ||||||||
| Radiate Holdco LLC |
80,068 | $ | 80,106 | |||||
|
|
|
|||||||
| 2,488,310 | ||||||||
|
|
|
|||||||
| Miscellaneous Manufacturing—0.0% | ||||||||
| Momentive Performance Materials, Inc. |
173,717 | 173,662 | ||||||
|
|
|
|||||||
| Oil & Gas—0.5% | ||||||||
| Ascent Resources Utica Holdings LLC |
4,355,361 | 4,793,074 | ||||||
|
|
|
|||||||
| Oil & Gas Services—0.0% | ||||||||
| Lealand Finance Company B.V. |
31,220 | 18,732 | ||||||
|
|
|
|||||||
| Packaging & Containers—0.1% | ||||||||
| BWAY Holding Co. |
634,959 | 623,004 | ||||||
| Charter NEX U.S., Inc. |
175,750 | 176,360 | ||||||
| Klockner-Pentaplast of America, Inc. |
244,770 | 245,994 | ||||||
|
|
|
|||||||
| 1,045,358 | ||||||||
|
|
|
|||||||
| Pharmaceuticals—0.3% | ||||||||
| Endo Luxembourg Finance Co. I S.a.r.l. |
1,088,518 | 1,068,925 | ||||||
| Gainwell Acquisition Corp. |
1,827,755 | 1,834,609 | ||||||
| PRA Health Sciences Inc |
260,732 | 261,927 | ||||||
|
|
|
|||||||
| 3,165,461 | ||||||||
|
|
|
|||||||
| Retail—0.4% | ||||||||
| Foundation Building Materials Holding Co. LLC |
253,681 | 252,333 | ||||||
| IRB Holding Corp. |
876,378 | 879,116 | ||||||
| LBM Acquisition LLC |
114,505 | 113,646 | ||||||
| PetSmart, Inc. |
1,477,000 | 1,482,539 | ||||||
| Staples, Inc. |
373,092 | 356,815 | ||||||
| White Cap Buyer LLC |
1,230,700 | 1,234,973 | ||||||
|
|
|
|||||||
| 4,319,422 | ||||||||
|
|
|
|||||||
| Shipbuilding—0.1% | ||||||||
| MHI Holdings LLC |
950,823 | 957,162 | ||||||
|
|
|
|||||||
| Software—2.3% | ||||||||
| Ascend Learning LLC |
197,495 | 197,711 | ||||||
| Athenahealth, Inc. |
302,480 | 303,690 | ||||||
| Boxer Parent Co., Inc. |
884,139 | 880,271 | ||||||
| Camelot U.S. Acquisition 1 Co. |
274,923 | 276,011 | ||||||
| Castle U.S. Holding Corp. |
460,175 | 456,975 | ||||||
| Cloudera, Inc. | ||||||||
| 2nd Lien Term Loan Lien Term Loan, 08/10/29 (h) |
727,000 | 727,000 | ||||||
| Term Loan, 08/10/28 (h) |
2,074,000 | 2,074,647 | ||||||
| Dun & Bradstreet Corp. (The) |
965,749 | 965,835 | ||||||
| Emerald TopCo., Inc. |
352,780 | 351,016 | ||||||
| Epicor Software Corp. | ||||||||
| 2nd Lien Term Loan, 8.750%, 1M LIBOR + 7.750%, 07/31/28 |
210,000 | 216,497 | ||||||
| Term Loan, 4.000%, 1M LIBOR + 3.250%, 07/30/27 |
577,885 | 578,329 | ||||||
| Grab Holdings, Inc. |
395,015 | 398,965 | ||||||
| Greeneden U.S., Holdings II LLC |
617,316 | 620,161 | ||||||
| Helios Software Holdings, Inc. |
302,429 | 302,523 | ||||||
| Informatica LLC | ||||||||
| 2nd Lien Term Loan, 7.125%, 02/25/25 |
956,000 | 971,535 | ||||||
| Term Loan B, 3.334%, 1M LIBOR + 3.250%, 02/25/27 |
442,265 | 441,325 | ||||||
| Mitchell International, Inc. | ||||||||
| 1st Lien Term Loan, 3.334%, 1M LIBOR + 3.250%, 11/29/24 |
321,981 | 322,038 | ||||||
| 2nd Lien Term Loan, 7.334%, 1M LIBOR + 7.250%, 12/01/25 |
214,667 | 215,248 | ||||||
| Planview Parent, Inc. |
370,000 | 371,850 | ||||||
| Polaris Newco LLC |
998,000 | 1,001,368 | ||||||
| Project Alpha Intermediate Holding, Inc. |
447,618 | 447,990 | ||||||
| Proofpoint, Inc. |
939,000 | 953,085 | ||||||
| Realpage, Inc. | ||||||||
| 1st Lien Term Loan, 3.750%, 1M LIBOR + 3.250%, 04/24/28 |
828,000 | 826,212 | ||||||
| 2nd Lien Term Loan, 7.250%, 1M LIBOR + 6.500%, 04/22/29 |
1,295,154 | 1,326,993 | ||||||
BHFTI-82
Brighthouse Funds Trust I
BlackRock High Yield Portfolio
Schedule of Investments as of September 30, 2021 (Unaudited)
Floating Rate Loans (j)—(Continued)
| Security Description | Principal Amount* |
Value | ||||||
| Software—(Continued) | ||||||||
| Renaissance Holding Corp. |
12,379 | $ | 12,293 | |||||
| Severin Acquisition LLC |
202,280 | 201,648 | ||||||
| Sophia L.P. | ||||||||
| 1st Lien Term Loan, 4.500%, 3M LIBOR + 3.750%, 10/07/27 |
1,425,230 | 1,432,208 | ||||||
| 2nd Lien Term Loan, 9.000%, 3M LIBOR + 8.000%, 10/09/28 |
1,828,000 | 1,886,268 | ||||||
| Sovos Compliance, LLC | ||||||||
| Delayed Draw Term Loan, 08/11/28 (i) |
70,141 | 70,656 | ||||||
| Term Loan, 5.000%, 3M LIBOR + 4.500%, 08/11/28 |
406,166 | 409,149 | ||||||
| Tibco Software, Inc. |
637,000 | 644,963 | ||||||
| Ultimate Software Group, Inc. (The) | ||||||||
| Incremental Term Loan, 4.000%, 3M LIBOR + 3.250%, 05/04/26 |
416,798 | 418,152 | ||||||
| Term Loan B, 3.834%, 1M LIBOR + 3.750%, 05/04/26 |
232,635 | 233,449 | ||||||
| Veritas U.S., Inc. |
1,906,856 | 1,918,774 | ||||||
|
|
|
|||||||
| 22,454,835 | ||||||||
|
|
|
|||||||
| Telecommunications—1.3% | ||||||||
| Altice France S.A. |
364,189 | 363,831 | ||||||
| Connect Finco Sarl |
375,637 | 376,313 | ||||||
| Delta TopCo, Inc. |
978,932 | 981,481 | ||||||
| Digicel International Finance, Ltd. |
761,801 | 737,280 | ||||||
| Frontier Communications Corp. |
702,240 | 702,899 | ||||||
| Intelsat Jackson Holdings S.A. | ||||||||
| DIP Term Loan, 3.600%, 10/13/22 |
2,086,048 | 2,096,479 | ||||||
| Term Loan B3, 8.000%, PRIME + 4.750%, 11/27/23 |
643,152 | 651,995 | ||||||
| Term Loan B4, 8.750%, PRIME + 5.500%, 01/02/24 |
553,575 | 564,647 | ||||||
| Term Loan B5, 8.625%, 01/02/24 |
3,399,612 | 3,467,604 | ||||||
| Xplornet Communications, Inc. |
1,052,970 | 1,053,063 | ||||||
| Zayo Group Holdings, Inc. |
1,315,696 | 1,305,765 | ||||||
|
|
|
|||||||
| 12,301,357 | ||||||||
|
|
|
|||||||
| Transportation—0.0% | ||||||||
| AIT Worldwide Logistics, Inc |
180,000 | 180,810 | ||||||
|
|
|
|||||||
| Total Floating Rate Loans |
105,239,216 | |||||||
|
|
|
|||||||
| Common Stocks—2.0% |
| |||||||
| Security Description | Shares |
Value | ||||||
| Auto Components—0.0% | ||||||||
| Lear Corp. |
525 | 82,152 | ||||||
|
|
|
|||||||
| Building Products—0.0% | ||||||||
| Azek Co., Inc. (The) (k) |
452 | 16,512 | ||||||
|
|
|
|||||||
| Chemicals—0.2% | ||||||||
| Diversey Holdings, Ltd. (a)(k) |
62,801 | 1,007,328 | ||||||
| Element Solutions, Inc. |
47,417 | 1,028,001 | ||||||
|
|
|
|||||||
| 2,035,329 | ||||||||
|
|
|
|||||||
| Communications Equipment—0.0% | ||||||||
| CommScope Holding Co., Inc. (k) |
12,944 | 175,909 | ||||||
|
|
|
|||||||
| Containers & Packaging—0.1% | ||||||||
| Ardagh Metal Packaging S.A. (k) |
75,788 | 754,848 | ||||||
|
|
|
|||||||
| Diversified Telecommunication Services—0.0% | ||||||||
| Liberty Global plc - Class A (k) |
533 | 15,883 | ||||||
|
|
|
|||||||
| Electrical Equipment—0.1% | ||||||||
| Sensata Technologies Holding plc (k) |
12,419 | 679,568 | ||||||
|
|
|
|||||||
| Energy Equipment & Services—0.0% | ||||||||
| Pioneer Energy Services Corp. † (f) (g) (k) |
1,763 | 27,432 | ||||||
|
|
|
|||||||
| Equity Real Estate Investment Trusts—0.4% | ||||||||
| Gaming and Leisure Properties, Inc. |
30,586 | 1,416,744 | ||||||
| VICI Properties, Inc. (a) |
95,308 | 2,707,700 | ||||||
|
|
|
|||||||
| 4,124,444 | ||||||||
|
|
|
|||||||
| Hotels, Restaurants & Leisure—0.1% | ||||||||
| Aramark |
12,643 | 415,449 | ||||||
|
|
|
|||||||
| Life Sciences Tools & Services—0.2% | ||||||||
| Avantor, Inc. (k) |
27,626 | 1,129,903 | ||||||
| Syneos Health, Inc. (k) |
10,533 | 921,427 | ||||||
|
|
|
|||||||
| 2,051,330 | ||||||||
|
|
|
|||||||
| Media—0.1% | ||||||||
| Clear Channel Outdoor Holdings, Inc. (a) (k) |
168,961 | 457,884 | ||||||
|
|
|
|||||||
| Metals & Mining—0.1% | ||||||||
| Constellium SE (k) |
60,723 | 1,140,378 | ||||||
|
|
|
|||||||
| Oil, Gas & Consumable Fuels—0.7% | ||||||||
| Chesapeake Energy Corp. |
25,527 | 1,572,208 | ||||||
| Devon Energy Corp. |
10,479 | 372,109 | ||||||
| Diamondback Energy, Inc. (a) |
9,831 | 930,701 | ||||||
| DTE Midstream LLC (k) |
12,244 | 566,162 | ||||||
| Energy Transfer L.P. |
48,803 | 467,533 | ||||||
| Enterprise Products Partners L.P. |
15,951 | 345,180 | ||||||
| EQT Corp. (k) |
60,204 | 1,231,774 | ||||||
| Extraction Oil & Gas, Inc. (a) (k) |
11,510 | 649,740 | ||||||
| Plains All American Pipeline L.P. |
79,381 | 807,305 | ||||||
BHFTI-83
Brighthouse Funds Trust I
BlackRock High Yield Portfolio
Schedule of Investments as of September 30, 2021 (Unaudited)
Common Stocks—(Continued)
| Security Description | Shares/ Amount* |
Value | ||||||
| Oil, Gas & Consumable Fuels—(Continued) | ||||||||
| SM Energy Co. |
7,875 | $ | 207,742 | |||||
| Western Midstream Partners L.P. |
5,518 | 115,657 | ||||||
|
|
|
|||||||
| 7,266,111 | ||||||||
|
|
|
|||||||
| Road & Rail—0.0% | ||||||||
| Uber Technologies, Inc. (k) |
7,260 | 325,248 | ||||||
|
|
|
|||||||
| Total Common Stocks |
19,568,477 | |||||||
|
|
|
|||||||
| Convertible Bonds—0.7% | ||||||||
| Commercial Services—0.0% | ||||||||
| Nexi S.p.A. |
100,000 | 111,787 | ||||||
|
|
|
|||||||
| Engineering & Construction—0.1% | ||||||||
| Cellnex Telecom S.A. |
500,000 | 569,081 | ||||||
|
|
|
|||||||
| Internet—0.1% | ||||||||
| Uber Technologies, Inc. |
777,000 | 755,734 | ||||||
|
|
|
|||||||
| Lodging—0.0% | ||||||||
| Accor S.A. |
80,400 | 48,261 | ||||||
|
|
|
|||||||
| Media—0.4% | ||||||||
| Cable One, Inc. |
532,000 | 539,783 | ||||||
| DISH Network Corp. |
699,000 | 681,088 | ||||||
| 3.375%, 08/15/26 |
989,000 | 1,028,065 | ||||||
| Liberty Broadband Corp. |
997,000 | 1,012,454 | ||||||
| 2.750%, 09/30/50 (144A) |
1,858,000 | 1,961,386 | ||||||
|
|
|
|||||||
| 5,222,776 | ||||||||
|
|
|
|||||||
| Oil & Gas Services—0.1% | ||||||||
| Pioneer Energy Services Corp. |
516,974 | 603,567 | ||||||
|
|
|
|||||||
| Telecommunications—0.0% | ||||||||
| Telecom Italia S.p.A. |
100,000 | 116,122 | ||||||
|
|
|
|||||||
| Total Convertible Bonds |
7,427,328 | |||||||
|
|
|
|||||||
| Escrow Shares—0.0% | ||||||||
| Security Description | Shares/ Amount* |
Value | ||||||
| Diversified Financial Services—0.0% | ||||||||
| Lehman Brothers Holdings, Inc. |
489,000 | 3,325 | ||||||
| Lehman Brothers Holdings, Inc. |
1,740,000 | 11,832 | ||||||
|
|
|
|||||||
| Total Escrow Shares |
15,157 | |||||||
|
|
|
|||||||
| Short-Term Investment—4.4% |
| |||||||
| Repurchase Agreement—4.4% | ||||||||
| Fixed Income Clearing Corp. |
43,085,565 | 43,085,565 | ||||||
|
|
|
|||||||
| Total Short-Term Investments |
43,085,565 | |||||||
|
|
|
|||||||
| Securities Lending Reinvestments (l)—4.6% |
| |||||||
| Certificates of Deposit—0.4% | ||||||||
| Mitsubishi UFJ Trust and Banking Corp. (London) |
1,500,000 | 1,499,760 | ||||||
| Royal Bank of Canada New York |
1,000,000 | 1,000,011 | ||||||
| Sumitomo Mitsui Trust Bank, Ltd. |
1,000,000 | 999,994 | ||||||
|
|
|
|||||||
| 3,499,765 | ||||||||
|
|
|
|||||||
| Repurchase Agreements—3.6% | ||||||||
| Barclays Bank plc |
5,000,000 | 5,000,000 | ||||||
| Barclays Capital, Inc. |
4,493,715 | 4,493,715 | ||||||
| Cantor Fitzgerald & Co. |
5,000,000 | 5,000,000 | ||||||
| Deutsche Bank AG, London |
700,000 | 700,000 | ||||||
BHFTI-84
Brighthouse Funds Trust I
BlackRock High Yield Portfolio
Schedule of Investments as of September 30, 2021 (Unaudited)
Securities Lending Reinvestments (l)—(Continued)
| Security Description | Shares/ Amount* |
Value | ||||||
| Repurchase Agreements—(Continued) | ||||||||
| ING Financial Markets LLC |
6,000,000 | $ | 6,000,000 | |||||
| National Bank of Canada |
5,000,000 | 5,000,000 | ||||||
| NBC Global Finance, Ltd. |
1,300,000 | 1,300,000 | ||||||
| Repurchase Agreement dated 09/30/21 at 0.250%, due on 10/07/21 with a maturity value of $700,034; collateralized by U.S. Treasury Obligations with rates ranging from 0.095% - 2.000%, maturity dates ranging from 07/31/22 - 02/15/50, and various Common Stock with an aggregate market value of $777,433. |
700,000 | 700,000 | ||||||
| Societe Generale |
400,000 | 400,000 | ||||||
| Repurchase Agreement dated 09/30/21 at 0.170%, due on 10/01/21 with a maturity value of $5,000,024; collateralized by various Common Stock with an aggregate market value of $5,555,666. |
5,000,000 | 5,000,000 | ||||||
| Repurchase Agreement dated 09/30/21 at 0.200%, due on 10/07/21 with a maturity value of $1,463,472; collateralized by various Common Stock with an aggregate market value of $1,626,048. |
1,463,415 | 1,463,415 | ||||||
|
|
|
|||||||
| 35,057,130 | ||||||||
|
|
|
|||||||
| Time Deposits—0.1% | ||||||||
| Landesbank Baden-Wuettertemberg (London) |
400,000 | 400,000 | ||||||
| Skandi New York |
1,000,000 | 1,000,000 | ||||||
|
|
|
|||||||
| 1,400,000 | ||||||||
|
|
|
|||||||
| Mutual Funds—0.5% | ||||||||
| Morgan Stanley Liquidity Funds Government Portfolio, Institutional Shares 0.030%, 10/01/21 (m) |
4,000,000 | 4,000,000 | ||||||
| Mutual Funds—(Continued) | ||||||||
| Wells Fargo Government Money Market Fund, Select Class |
1,000,000 | 1,000,000 | ||||||
|
|
|
|||||||
| 5,000,000 | ||||||||
|
|
|
|||||||
| Total Securities Lending Reinvestments |
44,956,895 | |||||||
|
|
|
|||||||
| Total Purchased Options—0.0% (n) |
14,230 | |||||||
| Total Investments—105.4% |
1,037,779,435 | |||||||
| Unfunded Loan Commitments—(0.0)% |
(417,816 | ) | ||||||
| Net Investments—105.4% |
1,037,361,619 | |||||||
| Other assets and liabilities (net)—(5.4)% |
(53,017,273 | ) | ||||||
|
|
|
|||||||
| Net Assets—100.0% | $ | 984,344,346 | ||||||
|
|
|
|||||||
| * | Principal and notional amounts stated in U.S. dollars unless otherwise noted. | |||
| † | Restricted securities are not registered under the Securities Act of 1933 and are subject to legal restrictions on resale. These securities generally may be resold in transactions exempt from registration or to the public if the securities are subsequently registered. Disposal of these securities may involve time-consuming negotiations and prompt sale at an acceptable price may be difficult. As of September 30, 2021, the market value of restricted securities was $1,397,343, which is 0.1% of net assets. See details shown in the Restricted Securities table that follows. | |||
| (a) | All or a portion of the security was held on loan. As of September 30, 2021, the market value of securities loaned was $52,712,621 and the collateral received consisted of cash in the amount of $44,956,504 and non-cash collateral with a value of $10,428,828. The cash collateral investments are disclosed in the Schedule of Investments and categorized as Securities Lending Reinvestments. The non-cash collateral received consists of U.S. government securities that are held in safe-keeping by the lending agent, or a third-party custodian, and cannot be sold or repledged by the Portfolio. | |||
| (b) | Variable or floating rate security. The stated rate represents the rate at September 30, 2021. Maturity date shown for callable securities reflects the earliest possible call date. For securities based on a published reference index and spread, the index and spread are indicated in the description above. For certain variable rate securities, the coupon rate is determined by the issuer/agent based on current market conditions. For certain asset- and mortgage-backed securities, the coupon rate may fluctuate based on changes of the underlying collateral or prepayments of principal. These securities do not indicate a reference index and spread in their description above. | |||
| (c) | Payment-in-kind security for which part of the income earned may be paid as additional principal. | |||
| (d) | Non-income producing; security is in default and/or issuer is in bankruptcy. | |||
| (e) | Security is a “step-up” bond where coupon increases or steps up at a predetermined date. Rate shown is current coupon rate. | |||
| (f) | Significant unobservable inputs were used in the valuation of this portfolio security; i.e. Level 3. | |||
| (g) | Security was valued in good faith under procedures approved by the Board of Trustees. As of September 30, 2021, these securities represent 0.1% of net assets. | |||
| (h) | This loan will settle after September 30, 2021, at which time the interest rate will be determined. | |||
| (i) |
Unfunded or partially unfunded loan commitments. The Portfolio may enter into certain credit agreements for which all or a portion may be unfunded. The Portfolio is obligated to fund these commitments at the borrower’s discretion. | |||
BHFTI-85
Brighthouse Funds Trust I
BlackRock High Yield Portfolio
Schedule of Investments as of September 30, 2021 (Unaudited)
| (j) |
Floating rate loans (“Senior Loans”) often require prepayments from excess cash flows or permit the borrowers to repay at their election. The degree to which borrowers repay, whether as a contractual requirement or at their election, cannot be predicted with accuracy. As a result, the actual remaining maturity may be substantially less than the stated maturities shown. However, Senior Loans will generally have an expected average life of approximately two to four years. Senior Loans typically have rates of interest which are determined periodically by reference to a base lending rate, plus a spread. These base rates are primarily the London Interbank Offered Rate and secondarily, the prime rate offered by one or more major United States banks. Base lending rates may be subject to a floor, or a minimum rate. | |||
| (k) | Non-income producing security. | |||
| (l) | Represents investment of cash collateral received from securities on loan as of September 30, 2021. | |||
| (m) | The rate shown represents the annualized seven-day yield as of September 30, 2021. | |||
| (n) | For a breakout of open positions, see details shown in the Purchased Options table that follows. | |||
| (144A)— | Securities exempt from registration under Rule 144A of the Securities Act of 1933. These securities may be resold in transactions exempt from registration, normally to qualified institutional buyers. As of September 30, 2021, the market value of 144A securities was $618,438,437, which is 62.8% of net assets. | |||
| Restricted Securities |
Acquisition Date |
Shares/ Principal Amount |
Cost | Value | ||||||||||||
| Pioneer Energy Services Corp., 11.000%, 05/15/25 |
11/15/20-02/15/21 | 691,833 | $ | 585,097 | $ | 766,344 | ||||||||||
| Pioneer Energy Services Corp., 5.000%, 11/15/25 |
11/15/20-05/15/21 | 516,974 | 327,514 | 603,567 | ||||||||||||
| Pioneer Energy Services Corp. |
05/29/20 | 1,763 | 23,514 | 27,432 | ||||||||||||
| Waterford Gaming LLC / Waterford Gaming Financial Corp., 8.625%, 09/15/14 |
09/24/07 | 283,116 | 283,116 | 0 | ||||||||||||
|
|
|
|||||||||||||||
| $ | 1,397,343 | |||||||||||||||
|
|
|
|||||||||||||||
Forward Foreign Currency Exchange Contracts
| Contracts to Deliver |
Counterparty |
Settlement Date |
In Exchange for |
Unrealized Appreciation |
||||||||||||||||||
| EUR | 16,000 | ANZ |
12/15/21 | USD | 18,746 | $ | 185 | |||||||||||||||
| EUR | 10,347,500 | BNP |
12/15/21 | USD | 12,256,883 | 253,117 | ||||||||||||||||
| EUR | 10,347,500 | HSBC |
12/15/21 | USD | 12,265,740 | 261,975 | ||||||||||||||||
| GBP | 3,165,000 | NWM |
12/15/21 | USD | 4,384,680 | 119,724 | ||||||||||||||||
|
|
|
|||||||||||||||||||||
| Net Unrealized Appreciation |
|
$ | 635,001 | |||||||||||||||||||
|
|
|
|||||||||||||||||||||
Futures Contracts
| Futures Contracts—Short |
Expiration Date |
Number of Contracts |
Notional Value |
Value/ Unrealized Appreciation |
||||||||||||||||
| Euro-Bund 10 Year Futures |
12/08/21 | (1 | ) | EUR | (169,820 | ) | $ | 3,358 | ||||||||||||
| U.S. Treasury Long Bond Futures |
12/21/21 | (2 | ) | USD | (318,438 | ) | 6,328 | |||||||||||||
| U.S. Treasury Note 10 Year Futures |
12/21/21 | (3 | ) | USD | (394,828 | ) | 4,123 | |||||||||||||
| U.S. Treasury Ultra Long Bond Futures |
12/21/21 | (12 | ) | USD | (2,292,750 | ) | 61,860 | |||||||||||||
| United Kingdom Long Gilt Bond Futures |
12/29/21 | (3 | ) | GBP | (375,450 | ) | 16,530 | |||||||||||||
|
|
|
|||||||||||||||||||
| Net Unrealized Appreciation |
|
$ | 92,199 | |||||||||||||||||
|
|
|
|||||||||||||||||||
Purchased Options
| Options on Exchange-Traded Futures Contracts |
Strike Price |
Expiration Date |
Number of Contracts |
Notional Amount |
Premiums Paid |
Market Value |
Unrealized Appreciation/ (Depreciation) |
|||||||||||||||||||||||||||||
| Call - Euro STOXX Banks Index Futures |
EUR | 100.000 | 12/17/21 | 54 | EUR | 2,700 | $ | 5,797 | $ | 14,230 | $ | 8,433 | ||||||||||||||||||||||||
|
|
|
|
|
|
|
|||||||||||||||||||||||||||||||
Swap Agreements
OTC Credit Default Swaps on Corporate Issues—Sell Protection (c)
| Reference Obligation |
Fixed Deal Receive Rate |
Payment Frequency |
Maturity Date |
Counterparty |
Implied Credit Spread at September 30, 2021(a) |
Notional Amount(b) |
Market Value |
Upfront Premium Paid/(Received) |
Unrealized Appreciation/ (Depreciation) |
|||||||||||||||||||||||
| CMA CGM S.A. |
5.000% | Quarterly | 06/20/26 | CSI | 2.731 | % | EUR | 10,000 | $ | 1,188 | $ | 488 | $ | 700 | ||||||||||||||||||
| CMA CGM S.A. |
5.000% | Quarterly | 06/20/26 | BBP | 2.731 | % | EUR | 10,000 | 1,188 | 879 | 309 | |||||||||||||||||||||
| Century Link, Inc. |
1.000% | Quarterly | 12/20/23 | BBP | 1.359 | % | USD | 348,000 | (2,745 | ) | (11,866 | ) | 9,121 | |||||||||||||||||||
BHFTI-86
Brighthouse Funds Trust I
BlackRock High Yield Portfolio
Schedule of Investments as of September 30, 2021 (Unaudited)
OTC Credit Default Swaps on Corporate Issues—Sell Protection (c)—(Continued)
| Reference Obligation |
Fixed Deal Receive Rate |
Payment Frequency |
Maturity Date |
Counterparty |
Implied Credit Spread at September 30, 2021(a) |
Notional Amount(b) |
Market Value |
Upfront Premium Paid/(Received) |
Unrealized Appreciation/ (Depreciation) |
|||||||||||||||||||||||
| Century Link, Inc. |
1.000% | Quarterly | 06/20/25 | BBP | 2.113 | % | USD | 225,000 | $ | (8,917 | ) | $ | (41,969 | ) | $ | 33,052 | ||||||||||||||||
| Rolls Royce plc |
1.000% | Quarterly | 06/20/25 | CBNA | 1.459 | % | EUR | 10,755 | (210 | ) | (1,424 | ) | 1,214 | |||||||||||||||||||
| Virgin Media Finance plc |
5.000% | Quarterly | 12/20/25 | JPMC | 2.113 | % | EUR | 30,000 | 4,116 | 3,391 | 725 | |||||||||||||||||||||
|
|
|
|
|
|
|
|||||||||||||||||||||||||||
| Totals |
|
$ | (5,380 | ) | $ | (50,501 | ) | $ | 45,121 | |||||||||||||||||||||||
|
|
|
|
|
|
|
|||||||||||||||||||||||||||
| (a) | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate issues or indices as of period end serve as an indicator of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity’s credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. A credit spread identified as “Defaulted” indicates a credit event has occurred for the referenced entity or obligation. |
| (b) | The maximum potential amount of future undiscounted payments that the Portfolio could be required to make under a credit default swap contract would be the notional amount of the contract. These potential amounts would be partially offset by any recovery values of the referenced debt obligation or net amounts received from the settlement of purchased protection credit default swap contracts entered into by the Portfolio for the same referenced debt obligation. |
| (c) | If the Portfolio is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Portfolio will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash or securities equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. |
Glossary of Abbreviations
Counterparties
| (ANZ)— | Australia & New Zealand Banking Corp. | |||
| (BBP)— | Barclays Bank plc | |||
| (BNP)— | BNP Paribas S.A. | |||
| (CBNA)— | Citibank N.A. | |||
| (CSI)— | Credit Suisse International | |||
| (HSBC)— | HSBC Bank plc | |||
| (JPMC)— | JPMorgan Chase Bank N.A. | |||
| (NWM)— | NatWest Markets plc | |||
Currencies
| (EUR)— | Euro | |||
| (GBP)— | British Pound | |||
| (USD)— | United States Dollar | |||
Index Abbreviations
| (EURIBOR)— | Euro InterBank Offered Rate | |||
| (H15)— | U.S. Treasury Yield Curve Rate T-Note Constant Maturity Index | |||
| (LIBOR)— | London Interbank Offered Rate | |||
| (PRIME)— | U.S. Federal Reserve Prime Rate | |||
| (SOFR)— | Secured Overnight Financing Rate | |||
Other Abbreviations
| (REIT)— | Real Estate Investment Trust | |||
BHFTI-87
Brighthouse Funds Trust I
BlackRock High Yield Portfolio
Schedule of Investments as of September 30, 2021 (Unaudited)
Fair Value Hierarchy
Accounting principles generally accepted in the United States of America (“GAAP”) define fair market value as the price that the Portfolio would receive to sell an asset or pay to transfer a liability in an orderly transaction between market participants at the measurement date. It establishes a fair value hierarchy that prioritizes inputs to valuation methods and requires disclosure of the fair value hierarchy, separately for each major category of assets and liabilities, that segregates fair value measurements into three levels. Levels 1, 2 and 3 of the fair value hierarchy are defined as follows:
Level 1 - unadjusted quoted prices in active markets for identical investments
Level 2 - other significant observable inputs (including, but not limited to, quoted prices for similar assets or liabilities in markets that are either active or inactive; inputs other than quoted prices that are observable such as interest rates, yield curves, volatilities, prepayment speeds, loss severities, credit risks, default rates, or other market corroborated inputs)
Level 3 - significant unobservable inputs based on the best information available in the circumstances, to the extent observable
inputs are unavailable (including the Portfolio’s own assumptions used in determining the fair value of investments and derivative financial instruments)
The inputs or methodologies used for valuing investments are not necessarily an indication of the risk associated with investing in them. Changes to the inputs or methodologies used may result in transfers between levels. A reconciliation of Level 3 securities, if any, will be disclosed following the fair value hierarchy table. For more information about the Portfolio’s policy regarding the valuation of investments, please refer to the Notes to Schedule of Investments.
The following table summarizes the fair value hierarchy of the Portfolio’s investments as of September 30, 2021:
| Description | Level 1 | Level 2 | Level 3 | Total | ||||||||||||
| Corporate Bonds & Notes |
| |||||||||||||||
| Advertising |
$ | — | $ | 8,006,060 | $ | — | $ | 8,006,060 | ||||||||
| Aerospace/Defense |
— | 28,720,515 | — | 28,720,515 | ||||||||||||
| Agriculture |
— | 124,338 | — | 124,338 | ||||||||||||
| Airlines |
— | 17,335,489 | — | 17,335,489 | ||||||||||||
| Apparel |
— | 1,673,981 | — | 1,673,981 | ||||||||||||
| Auto Manufacturers |
— | 10,403,357 | — | 10,403,357 | ||||||||||||
| Auto Parts & Equipment |
— | 14,174,318 | — | 14,174,318 | ||||||||||||
| Banks |
— | 14,508,152 | — | 14,508,152 | ||||||||||||
| Biotechnology |
— | 880,353 | — | 880,353 | ||||||||||||
| Building Materials |
— | 10,095,551 | — | 10,095,551 | ||||||||||||
| Chemicals |
— | 13,940,875 | — | 13,940,875 | ||||||||||||
| Commercial Services |
— | 41,358,414 | — | 41,358,414 | ||||||||||||
| Computers |
— | 6,167,251 | — | 6,167,251 | ||||||||||||
| Cosmetics/Personal Care |
— | 620,233 | — | 620,233 | ||||||||||||
| Distribution/Wholesale |
— | 731,588 | — | 731,588 | ||||||||||||
| Diversified Financial Services |
— | 20,891,181 | — | 20,891,181 | ||||||||||||
| Electric |
— | 16,159,558 | — | 16,159,558 | ||||||||||||
| Electrical Components & Equipment |
— | 2,473,876 | — | 2,473,876 | ||||||||||||
| Electronics |
— | 4,682,106 | — | 4,682,106 | ||||||||||||
| Energy-Alternate Sources |
— | 412,601 | — | 412,601 | ||||||||||||
| Engineering & Construction |
— | 2,660,886 | — | 2,660,886 | ||||||||||||
| Entertainment |
— | 29,204,504 | 0 | 29,204,504 | ||||||||||||
| Environmental Control |
— | 8,781,856 | — | 8,781,856 | ||||||||||||
| Food |
— | 27,661,126 | — | 27,661,126 | ||||||||||||
| Food Service |
— | 1,284,485 | — | 1,284,485 | ||||||||||||
| Hand/Machine Tools |
— | 116,704 | — | 116,704 | ||||||||||||
| Healthcare-Products |
— | 10,409,051 | — | 10,409,051 | ||||||||||||
| Healthcare-Services |
— | 47,933,850 | — | 47,933,850 | ||||||||||||
| Home Builders |
— | 6,987,094 | — | 6,987,094 | ||||||||||||
| Home Furnishings |
— | 1,476,743 | — | 1,476,743 | ||||||||||||
| Household Products/Wares |
— | 1,520,335 | — | 1,520,335 | ||||||||||||
| Housewares |
— | 2,842,156 | — | 2,842,156 | ||||||||||||
| Insurance |
— | 14,051,526 | — | 14,051,526 | ||||||||||||
| Internet |
— | 17,076,555 | — | 17,076,555 | ||||||||||||
| Investment Companies |
— | 3,726,156 | — | 3,726,156 | ||||||||||||
| Iron/Steel |
— | 4,972,955 | — | 4,972,955 | ||||||||||||
| Leisure Time |
— | 12,803,138 | — | 12,803,138 | ||||||||||||
| Lodging |
— | 6,592,272 | — | 6,592,272 | ||||||||||||
| Machinery-Construction & Mining |
— | 1,810,650 | — | 1,810,650 | ||||||||||||
| Machinery-Diversified |
— | 8,288,624 | — | 8,288,624 | ||||||||||||
| Media |
— | 57,395,201 | — | 57,395,201 | ||||||||||||
| Metal Fabricate/Hardware |
— | 1,755,107 | — | 1,755,107 | ||||||||||||
| Mining |
— | 15,935,340 | — | 15,935,340 | ||||||||||||
BHFTI-88
Brighthouse Funds Trust I
BlackRock High Yield Portfolio
Schedule of Investments as of September 30, 2021 (Unaudited)
Fair Value Hierarchy—(Continued)
| Description | Level 1 | Level 2 | Level 3 | Total | ||||||||||||
| Miscellaneous Manufacturing |
$ | — | $ | 991,785 | $ | — | $ | 991,785 | ||||||||
| Office/Business Equipment |
— | 1,071,612 | — | 1,071,612 | ||||||||||||
| Oil & Gas |
— | 50,099,652 | — | 50,099,652 | ||||||||||||
| Oil & Gas Services |
— | 3,003,362 | 766,344 | 3,769,706 | ||||||||||||
| Packaging & Containers |
— | 17,470,388 | — | 17,470,388 | ||||||||||||
| Pharmaceuticals |
— | 21,768,612 | — | 21,768,612 | ||||||||||||
| Pipelines |
— | 45,765,043 | — | 45,765,043 | ||||||||||||
| Real Estate |
— | 5,395,675 | 0 | 5,395,675 | ||||||||||||
| Real Estate Investment Trusts |
— | 27,132,607 | — | 27,132,607 | ||||||||||||
| Retail |
— | 30,839,232 | — | 30,839,232 | ||||||||||||
| Semiconductors |
— | 2,745,249 | — | 2,745,249 | ||||||||||||
| Software |
— | 29,090,082 | — | 29,090,082 | ||||||||||||
| Telecommunications |
— | 77,841,099 | — | 77,841,099 | ||||||||||||
| Toys/Games/Hobbies |
— | 1,705,029 | — | 1,705,029 | ||||||||||||
| Transportation |
— | 1,515,949 | — | 1,515,949 | ||||||||||||
| Trucking & Leasing |
— | 1,097,412 | — | 1,097,412 | ||||||||||||
| Water |
— | 527,324 | — | 527,324 | ||||||||||||
| Total Corporate Bonds & Notes |
— | 816,706,223 | 766,344 | 817,472,567 | ||||||||||||
| Total Floating Rate Loans (Less Unfunded Loan Commitments of $417,816)* |
— | 104,821,400 | — | 104,821,400 | ||||||||||||
| Common Stocks |
| |||||||||||||||
| Auto Components |
82,152 | — | — | 82,152 | ||||||||||||
| Building Products |
16,512 | — | — | 16,512 | ||||||||||||
| Chemicals |
2,035,329 | — | — | 2,035,329 | ||||||||||||
| Communications Equipment |
175,909 | — | — | 175,909 | ||||||||||||
| Containers & Packaging |
754,848 | — | — | 754,848 | ||||||||||||
| Diversified Telecommunication Services |
15,883 | — | — | 15,883 | ||||||||||||
| Electrical Equipment |
679,568 | — | — | 679,568 | ||||||||||||
| Energy Equipment & Services |
— | — | 27,432 | 27,432 | ||||||||||||
| Equity Real Estate Investment Trusts |
4,124,444 | — | — | 4,124,444 | ||||||||||||
| Hotels, Restaurants & Leisure |
415,449 | — | — | 415,449 | ||||||||||||
| Life Sciences Tools & Services |
2,051,330 | — | — | 2,051,330 | ||||||||||||
| Media |
457,884 | — | — | 457,884 | ||||||||||||
| Metals & Mining |
1,140,378 | — | — | 1,140,378 | ||||||||||||
| Oil, Gas & Consumable Fuels |
7,266,111 | — | — | 7,266,111 | ||||||||||||
| Road & Rail |
325,248 | — | — | 325,248 | ||||||||||||
| Total Common Stocks |
19,541,045 | — | 27,432 | 19,568,477 | ||||||||||||
| Convertible Bonds |
| |||||||||||||||
| Commercial Services |
— | 111,787 | — | 111,787 | ||||||||||||
| Engineering & Construction |
— | 569,081 | — | 569,081 | ||||||||||||
| Internet |
— | 755,734 | — | 755,734 | ||||||||||||
| Lodging |
— | 48,261 | — | 48,261 | ||||||||||||
| Media |
— | 5,222,776 | — | 5,222,776 | ||||||||||||
| Oil & Gas Services |
— | — | 603,567 | 603,567 | ||||||||||||
| Telecommunications |
— | 116,122 | — | 116,122 | ||||||||||||
| Total Convertible Bonds |
— | 6,823,761 | 603,567 | 7,427,328 | ||||||||||||
| Total Escrow Shares* |
— | 15,157 | — | 15,157 | ||||||||||||
| Total Short-Term Investment* |
— | 43,085,565 | — | 43,085,565 | ||||||||||||
| Securities Lending Reinvestments |
| |||||||||||||||
| Certificates of Deposit |
— | 3,499,765 | — | 3,499,765 | ||||||||||||
| Repurchase Agreements |
— | 35,057,130 | — | 35,057,130 | ||||||||||||
| Time Deposits |
— | 1,400,000 | — | 1,400,000 | ||||||||||||
| Mutual Funds |
5,000,000 | — | — | 5,000,000 | ||||||||||||
| Total Securities Lending Reinvestments |
5,000,000 | 39,956,895 | — | 44,956,895 | ||||||||||||
| Total Purchased Options at Value |
14,230 | — | — | 14,230 | ||||||||||||
| Total Net Investments |
$ | 24,555,275 | $ | 1,011,409,001 | $ | 1,397,343 | $ | 1,037,361,619 | ||||||||
| Collateral for Securities Loaned (Liability) |
$ | — | $ | (44,956,504 | ) | $ | — | $ | (44,956,504 | ) | ||||||
BHFTI-89
Brighthouse Funds Trust I
BlackRock High Yield Portfolio
Schedule of Investments as of September 30, 2021 (Unaudited)
Fair Value Hierarchy—(Continued)
| Description | Level 1 | Level 2 | Level 3 | Total | ||||||||||||
| Forward Contracts |
| |||||||||||||||
| Forward Foreign Currency Exchange Contracts (Unrealized Appreciation) |
$ | — | $ | 635,001 | $ | — | $ | 635,001 | ||||||||
| Futures Contracts |
| |||||||||||||||
| Futures Contracts (Unrealized Appreciation) |
$ | 92,199 | $ | — | $ | — | $ | 92,199 | ||||||||
| OTC Swap Contracts |
| |||||||||||||||
| OTC Swap Contracts at Value (Assets) |
$ | — | $ | 6,492 | $ | — | $ | 6,492 | ||||||||
| OTC Swap Contracts at Value (Liabilities) |
— | (11,872 | ) | — | (11,872 | ) | ||||||||||
| Total OTC Swap Contracts |
$ | — | $ | (5,380 | ) | $ | — | $ | (5,380 | ) | ||||||
| * | See Schedule of Investments for additional detailed categorizations. | |||
Level 3 investments at the beginning and/or end of the period in relation to net assets were not significant and accordingly, a reconciliation of Level 3 assets for the period ended September 30, 2021 is not presented.
BHFTI-90
Brighthouse Funds Trust I
Brighthouse Asset Allocation 100 Portfolio
Schedule of Investments as of September 30, 2021 (Unaudited)
Mutual Funds—100.0% of Net Assets
| Security Description | Shares | Value | ||||||
| Affiliated Investment Companies—100.0% | ||||||||
| Allspring Mid Cap Value Portfolio (formerly, Wells Capital Management Mid Cap Value Portfolio) (Class A) (b) |
1,393,793 | $ | 19,986,985 | |||||
| Baillie Gifford International Stock Portfolio (Class A) (a) |
5,894,278 | 83,168,260 | ||||||
| BlackRock Capital Appreciation Portfolio (Class A) (a) |
1,403,027 | 74,220,109 | ||||||
| Brighthouse Small Cap Value Portfolio (Class A) (b) |
3,346,946 | 59,374,827 | ||||||
| Brighthouse/Aberdeen Emerging Markets Equity Portfolio (Class A) (b) |
3,681,322 | 50,765,437 | ||||||
| Brighthouse/Artisan International Portfolio (Class A) (b) |
6,058,546 | 82,638,565 | ||||||
| Brighthouse/Artisan Mid Cap Value Portfolio (Class A) (a) |
54,856 | 14,945,101 | ||||||
| Brighthouse/Dimensional International Small Company Portfolio (Class A) (a) |
7,667,617 | 99,909,046 | ||||||
| Brighthouse/Wellington Core Equity Opportunities Portfolio (Class A) (a) |
2,794,593 | 100,186,147 | ||||||
| Brighthouse/Wellington Large Cap Research Portfolio (Class A) (b) |
4,306,899 | 75,198,450 | ||||||
| Clarion Global Real Estate Portfolio (Class A) (b) |
4,495,264 | 59,652,148 | ||||||
| Frontier Mid Cap Growth Portfolio (Class A) (a) |
469,977 | 20,100,936 | ||||||
| Harris Oakmark International Portfolio (Class A) (b) |
7,547,668 | 108,610,945 | ||||||
| Invesco Comstock Portfolio (Class A) (b) |
7,482,830 | 116,507,658 | ||||||
| Invesco Global Equity Portfolio (Class A) (b) |
1,565,854 | 49,543,617 | ||||||
| Invesco Small Cap Growth Portfolio (Class A) (b) |
2,053,722 | 34,913,266 | ||||||
| Jennison Growth Portfolio (Class A) (a) |
5,546,339 | 109,706,586 | ||||||
| JPMorgan Small Cap Value Portfolio (Class A) (b) |
2,162,825 | 40,812,507 | ||||||
| Loomis Sayles Growth Portfolio (Class A) (b) |
7,930,574 | 123,479,043 | ||||||
| Loomis Sayles Small Cap Growth Portfolio (Class A) (a) |
3,398,047 | 52,601,771 | ||||||
| MFS Research International Portfolio (Class A) (b) |
4,473,855 | 63,886,645 | ||||||
| MFS Value Portfolio (Class A) (a) |
7,137,106 | 125,684,435 | ||||||
| Morgan Stanley Discovery Portfolio (Class A) (b) |
379,451 | 9,281,378 | ||||||
| Neuberger Berman Genesis Portfolio (Class A) (a) |
935,462 | 22,909,469 | ||||||
| SSGA Emerging Markets Enhanced Index Portfolio (Class A) (b) |
3,617,596 | 41,638,531 | ||||||
| T. Rowe Price Large Cap Growth Portfolio (Class A) (a) |
3,885,320 | 114,189,553 | ||||||
| T. Rowe Price Large Cap Value Portfolio (Class A) (b) |
3,488,587 | 115,960,629 | ||||||
| T. Rowe Price Mid Cap Growth Portfolio (Class A) (b) |
1,199,662 | 15,019,765 | ||||||
| T. Rowe Price Small Cap Growth Portfolio (Class A) (a) |
1,337,820 | 34,769,944 | ||||||
| VanEck Global Natural Resources Portfolio (Class A) (a) |
3,464,351 | 38,939,301 | ||||||
| Victory Sycamore Mid Cap Value Portfolio (Class A) (b) |
447,297 | 9,992,623 | ||||||
|
|
|
|||||||
| Total Mutual Funds |
1,968,593,677 | |||||||
|
|
|
|||||||
| Total Investments—100.0% |
1,968,593,677 | |||||||
| Other assets and liabilities (net)—0.0% |
(647,740 | ) | ||||||
|
|
|
|||||||
| Net Assets—100.0% | $ | 1,967,945,937 | ||||||
|
|
|
|||||||
| (a) | A Portfolio of Brighthouse Funds Trust II. | |
| (b) | A Portfolio of Brighthouse Funds Trust I. |
Fair Value Hierarchy
Accounting principles generally accepted in the United States of America (“GAAP”) define fair market value as the price that the Portfolio would receive to sell an asset or pay to transfer a liability in an orderly transaction between market participants at the measurement date. It establishes a fair value hierarchy that prioritizes inputs to valuation methods and requires disclosure of the fair value hierarchy, separately for each major category of assets and liabilities, that segregates fair value measurements into three levels. Levels 1, 2 and 3 of the fair value hierarchy are defined as follows:
Level 1 - unadjusted quoted prices in active markets for identical investments
Level 2 - other significant observable inputs (including, but not limited to, quoted prices for similar assets or liabilities in markets that are either active or inactive; inputs other than quoted prices that are observable such as interest rates, yield curves, volatilities, prepayment speeds, loss severities, credit risks, default rates, or other market corroborated inputs)
Level 3 - significant unobservable inputs based on the best information available in the circumstances, to the extent observable inputs are unavailable (including the Portfolio’s own assumptions used in determining the fair value of investments and derivative financial instruments)
The inputs or methodologies used for valuing investments are not necessarily an indication of the risk associated with investing in them. Changes to the inputs or methodologies used may result in transfers between levels. A reconciliation of Level 3 securities, if any, will be disclosed following the fair value hierarchy table. For more information about the Portfolio’s policy regarding the valuation of investments, please refer to the Notes to Schedule of Investments.
The following table summarizes the fair value hierarchy of the Portfolio’s investments as of September 30, 2021:
| Description | Level 1 | Level 2 | Level 3 | Total | ||||||||||||
| Mutual Funds | ||||||||||||||||
| Affiliated Investment Companies |
$ | 1,968,593,677 | $ | — | $ | — | $ | 1,968,593,677 | ||||||||
| Total Investments |
$ | 1,968,593,677 | $ | — | $ | — | $ | 1,968,593,677 | ||||||||
BHFTI-91
Brighthouse Funds Trust I
Brighthouse Balanced Plus Portfolio
Schedule of Investments as of September 30, 2021 (Unaudited)
Mutual Funds—70.7% of Net Assets
| Security Description |
Shares |
Value | ||||||
| Affiliated Investment Companies—70.7% | ||||||||
| AB International Bond Portfolio (Class A) (a) |
14,113,786 | $ | 147,771,337 | |||||
| Allspring Mid Cap Value Portfolio (formerly, Wells Capital Management Mid Cap Value Portfolio) (Class A) (a) |
12,220,854 | 175,247,050 | ||||||
| Baillie Gifford International Stock Portfolio (Class A) (b) |
22,102,979 | 311,873,041 | ||||||
| BlackRock Bond Income Portfolio (Class A) (b) |
7,994,799 | 863,917,940 | ||||||
| BlackRock Capital Appreciation Portfolio (Class A) (b) |
477,909 | 25,281,400 | ||||||
| BlackRock High Yield Portfolio (Class A) (a) |
14,869,266 | 119,102,819 | ||||||
| Brighthouse Small Cap Value Portfolio (Class A) (a) |
8,061,568 | 143,012,210 | ||||||
| Brighthouse/Aberdeen Emerging Markets Equity Portfolio (Class A) (a) |
8,015,462 | 110,533,218 | ||||||
| Brighthouse/Artisan International Portfolio (Class A) (a) |
17,273,704 | 235,613,326 | ||||||
| Brighthouse/Artisan Mid Cap Value Portfolio (Class A) (b) |
646,878 | 176,235,561 | ||||||
| Brighthouse/Dimensional International Small Company Portfolio (Class A) (b) |
12,394,070 | 161,494,733 | ||||||
| Brighthouse/Eaton Vance Floating Rate Portfolio (Class A) (a) |
18,012,080 | 178,859,954 | ||||||
| Brighthouse/Franklin Low Duration Total Return Portfolio (Class A) (a) |
31,866,433 | 297,951,150 | ||||||
| Brighthouse/Templeton International Bond Portfolio (Class A) (a) (c) |
19,325,474 | 153,830,774 | ||||||
| Brighthouse/Wellington Core Equity Opportunities Portfolio (Class A) (b) |
1,267,112 | 45,425,980 | ||||||
| Brighthouse/Wellington Large Cap Research Portfolio (Class A) (a) |
2,973,860 | 51,923,604 | ||||||
| Clarion Global Real Estate Portfolio (Class A) (a) |
7,824,145 | 103,826,400 | ||||||
| Frontier Mid Cap Growth Portfolio (Class A) (b) |
3,501,124 | 149,743,075 | ||||||
| Harris Oakmark International Portfolio (Class A) (a) |
30,230,326 | 435,014,388 | ||||||
| Invesco Comstock Portfolio (Class A) (a) |
828,708 | 12,902,977 | ||||||
| Invesco Global Equity Portfolio (Class A) (a) |
3,629,543 | 114,838,733 | ||||||
| Invesco Small Cap Growth Portfolio (Class A) (a) |
5,911,289 | 100,491,908 | ||||||
| Jennison Growth Portfolio (Class A) (b) |
1,852,913 | 36,650,612 | ||||||
| JPMorgan Core Bond Portfolio (Class A) (a) |
48,671,700 | 506,672,400 | ||||||
| JPMorgan Small Cap Value Portfolio (Class A) (a) |
5,437,194 | 102,599,854 | ||||||
| Loomis Sayles Growth Portfolio (Class A) (a) |
1,845,854 | 28,739,939 | ||||||
| MFS Research International Portfolio (Class A) (a) |
20,992,005 | 299,765,835 | ||||||
| MFS Value Portfolio (Class A) (b) |
2,124,370 | 37,410,155 | ||||||
| Morgan Stanley Discovery Portfolio (Class A) (a) |
2,260,667 | 55,295,913 | ||||||
| Neuberger Berman Genesis Portfolio (Class A) (b) |
3,333,474 | 81,636,789 | ||||||
| PIMCO Inflation Protected Bond Portfolio (Class A) (a) |
21,388,345 | 237,838,398 | ||||||
| PIMCO Total Return Portfolio (Class A) (a) |
56,064,323 | 653,149,357 | ||||||
| SSGA Emerging Markets Enhanced Index Portfolio (Class A) (a) |
8,589,240 | 98,862,153 | ||||||
| T. Rowe Price Large Cap Value Portfolio (Class A) (a) |
884,919 | 29,414,697 | ||||||
| T. Rowe Price Mid Cap Growth Portfolio (Class A) (a) |
6,954,716 | 87,073,044 | ||||||
| T. Rowe Price Small Cap Growth Portfolio (Class A) (b) |
5,497,306 | 142,874,972 | ||||||
| TCW Core Fixed Income Portfolio (Class A) (a) |
67,814,502 | 697,811,227 | ||||||
| VanEck Global Natural Resources Portfolio (Class A) (b) |
14,408,098 | 161,947,027 | ||||||
| Western Asset Management Strategic Bond Opportunities Portfolio (Class A) (b) |
28,688,982 | 391,317,708 | ||||||
| Western Asset Management U.S. Government Portfolio (Class A) (b) |
35,650,073 | 415,679,848 | ||||||
|
|
|
|||||||
| Total Mutual Funds |
8,179,631,506 | |||||||
|
|
|
|||||||
| U.S. Treasury & Government Agencies—28.5% |
| |||||||
| Security Description | Principal Amount* |
Value | ||||||
| Agency Sponsored Mortgage-Backed—1.7% | ||||||||
| Fannie Mae 30 Yr. Pool |
||||||||
| 4.000%, 08/01/47 |
36,796 | 39,686 | ||||||
| 4.000%, 06/01/48 |
155,991 | 167,547 | ||||||
| 4.000%, 11/01/48 |
9,490 | 10,186 | ||||||
| 4.000%, 03/01/49 |
1,678,990 | 1,798,667 | ||||||
| 4.000%, 08/01/49 |
224,827 | 241,010 | ||||||
| 4.000%, 03/01/50 |
39,096,359 | 41,864,819 | ||||||
| 4.000%, 07/01/50 |
7,129,043 | 7,636,190 | ||||||
| Fannie Mae Pool |
||||||||
| 2.920%, 03/01/35 |
2,950,000 | 3,196,990 | ||||||
| 3.180%, 07/01/35 |
2,604,824 | 2,803,224 | ||||||
| Freddie Mac 30 Yr. Pool |
||||||||
| 4.000%, 05/01/48 |
8,800 | 9,446 | ||||||
| 4.000%, 03/01/50 |
168,113 | 180,557 | ||||||
| 4.000%, 05/01/50 |
160,978 | 172,858 | ||||||
| Freddie Mac Multifamily Structured Pass-Through Certificates 3.176%, 11/25/28 |
5,032,967 | 5,431,086 | ||||||
| Ginnie Mae II 30 Yr. Pool |
110,000,000 | 116,826,367 | ||||||
| Uniform Mortgage-Backed Securities 30 Yr. Pool 4.000%, TBA (d) |
16,000,000 | 17,160,313 | ||||||
|
|
|
|||||||
| 197,538,946 | ||||||||
|
|
|
|||||||
| Federal Agencies—0.3% | ||||||||
| Resolution Funding Corp. Principal Strip |
19,500,000 | 16,903,569 | ||||||
| Tennessee Valley Authority |
||||||||
| 2.875%, 02/01/27 |
1,700,000 | 1,852,527 | ||||||
| 4.250%, 09/15/65 |
10,000,000 | 13,950,880 | ||||||
|
|
|
|||||||
| 32,706,976 | ||||||||
|
|
|
|||||||
| U.S. Treasury—26.5% | ||||||||
| U.S. Treasury Bonds |
||||||||
| 1.375%, 11/15/40 |
48,000,000 | 43,117,500 | ||||||
| 1.375%, 08/15/50 |
367,400,000 | 310,022,451 | ||||||
| 1.625%, 11/15/50 |
144,200,000 | 129,549,055 | ||||||
| 1.875%, 02/15/41 |
32,200,000 | 31,495,625 | ||||||
| 1.875%, 02/15/51 |
173,000,000 | 164,971,719 | ||||||
| 2.000%, 08/15/51 |
7,900,000 | 7,760,516 | ||||||
| 2.250%, 05/15/41 |
75,000,000 | 77,988,281 | ||||||
| 2.750%, 11/15/42 |
196,000,000 | 220,400,469 | ||||||
| 2.875%, 05/15/43 |
126,000,000 | 144,599,766 | ||||||
| 2.875%, 11/15/46 |
114,100,000 | 132,164,347 | ||||||
| 3.000%, 11/15/44 |
96,000,000 | 112,713,750 | ||||||
| 3.000%, 02/15/47 |
7,400,000 | 8,768,422 | ||||||
| 3.000%, 02/15/49 |
92,900,000 | 111,051,789 | ||||||
| 3.125%, 02/15/43 |
89,700,000 | 106,886,660 | ||||||
| 3.375%, 05/15/44 |
99,895,000 | 124,162,461 | ||||||
| U.S. Treasury Notes |
||||||||
| 0.250%, 09/30/25 |
40,000,000 | 39,142,188 | ||||||
| 0.375%, 12/31/25 (e) |
50,000,000 | 48,992,187 | ||||||
| 0.375%, 09/30/27 |
125,000,000 | 119,277,344 | ||||||
| 0.500%, 02/28/26 |
21,100,000 | 20,743,937 | ||||||
| 0.750%, 03/31/26 |
36,100,000 | 35,844,762 | ||||||
| 0.750%, 05/31/26 |
300,000,000 | 297,480,468 | ||||||
| 0.750%, 08/31/26 |
37,500,000 | 37,098,633 | ||||||
| 0.875%, 11/15/30 |
30,100,000 | 28,564,430 | ||||||
| 1.125%, 02/29/28 |
20,500,000 | 20,371,074 | ||||||
| 1.125%, 02/15/31 |
75,700,000 | 73,322,547 | ||||||
| 1.250%, 04/30/28 |
49,000,000 | 48,965,547 | ||||||
| 1.250%, 08/15/31 |
19,600,000 | 19,125,313 | ||||||
BHFTI-92
Brighthouse Funds Trust I
Brighthouse Balanced Plus Portfolio
Schedule of Investments as of September 30, 2021 (Unaudited)
U.S. Treasury & Government Agencies—(Continued)
| Security Description | Principal Amount* |
Value | ||||||
| U.S. Treasury—(Continued) | ||||||||
| U.S. Treasury Notes |
100,000,000 | $ | 102,925,781 | |||||
| 2.750%, 08/31/23 |
422,000,000 | 441,962,579 | ||||||
|
|
|
|||||||
| 3,059,469,601 | ||||||||
|
|
|
|||||||
| Total U.S. Treasury & Government Agencies |
3,289,715,523 | |||||||
|
|
|
|||||||
| Corporate Bonds & Notes—1.6% |
| |||||||
| Banks—1.5% | ||||||||
| Bank of America Corp. |
20,000,000 | 21,676,752 | ||||||
| Bank of New York Mellon Corp. (The) |
6,800,000 | 6,834,541 | ||||||
| Citigroup, Inc. |
20,000,000 | 22,100,592 | ||||||
| Cooperative Rabobank UA |
5,000,000 | 5,543,148 | ||||||
| Goldman Sachs Group, Inc. (The) |
||||||||
| 3.691%, 3M LIBOR + 1.510%, 06/05/28 (f) |
10,000,000 | 11,007,320 | ||||||
| 3.750%, 02/25/26 |
19,500,000 | 21,398,030 | ||||||
| HSBC Holdings plc |
||||||||
| 4.300%, 03/08/26 |
20,000,000 | 22,267,218 | ||||||
| 5.250%, 03/14/44 |
3,000,000 | 3,900,994 | ||||||
| JPMorgan Chase & Co. |
||||||||
| 3.540%, 3M LIBOR + 1.380%, 05/01/28 (f) |
10,000,000 | 10,922,361 | ||||||
| 4.000%, SOFR + 2.745%, 04/01/25 (f) |
8,000,000 | 8,034,000 | ||||||
| 6.125%, 3M LIBOR + 3.330%, 04/30/24 (f) |
3,000,000 | 3,228,750 | ||||||
| Mizuho Financial Group, Inc. |
5,000,000 | 5,678,957 | ||||||
| Morgan Stanley |
20,000,000 | 21,932,751 | ||||||
| Wells Fargo & Co. |
8,600,000 | 9,255,750 | ||||||
|
|
|
|||||||
| 173,781,164 | ||||||||
|
|
|
|||||||
| Insurance—0.1% | ||||||||
| MassMutual Global Funding II |
4,000,000 | 4,094,596 | ||||||
|
|
|
|||||||
| Telecommunications—0.0% | ||||||||
| AT&T, Inc. |
||||||||
| 3.500%, 09/15/53 |
2,045,000 | 2,023,977 | ||||||
| 3.800%, 12/01/57 |
1,556,000 | 1,589,535 | ||||||
|
|
|
|||||||
| 3,613,512 | ||||||||
|
|
|
|||||||
| Transportation—0.0% | ||||||||
| Vessel Management Services, Inc. |
2,445,000 | 2,666,606 | ||||||
|
|
|
|||||||
| Total Corporate Bonds & Notes |
184,155,878 | |||||||
|
|
|
|||||||
| Municipals—0.0% | ||||||||
| Los Angeles Community College District, Build America Bond 6.750%, 08/01/49 |
400,000 | 675,669 | ||||||
| Port Authority of New York & New Jersey |
1,845,000 | 2,484,272 | ||||||
|
|
|
|||||||
| Total Municipals |
3,159,941 | |||||||
|
|
|
|||||||
| Short-Term Investments—0.5% |
| |||||||
| Security Description | Principal Amount* |
Value | ||||||
| Repurchase Agreements—0.3% | ||||||||
| Fixed Income Clearing Corp. |
5,250,541 | $ | 5,250,541 | |||||
| Goldman Sachs & Co. LLC |
9,000,000 | 9,000,000 | ||||||
| JPMorgan Securities, LLC |
18,500,000 | 18,500,000 | ||||||
|
|
|
|||||||
| 32,750,541 | ||||||||
|
|
|
|||||||
| U.S. Treasury—0.2% | ||||||||
| U.S. Treasury Bill |
18,800,000 | 18,795,684 | ||||||
| U.S. Treasury Cash Management Bills |
||||||||
| 0.035%, 01/25/22 (g) |
200,000 | 199,971 | ||||||
| 0.040%, 01/11/22 (g) |
5,000,000 | 4,999,575 | ||||||
|
|
|
|||||||
| 23,995,230 | ||||||||
|
|
|
|||||||
| Total Short-Term Investments |
56,745,771 | |||||||
|
|
|
|||||||
| Total Investments—101.3% |
11,713,408,619 | |||||||
| Other assets and liabilities (net)—(1.3)% |
(145,437,465 | ) | ||||||
|
|
|
|||||||
| Net Assets—100.0% | $ | 11,567,971,154 | ||||||
|
|
|
|||||||
| * | Principal amount stated in U.S. dollars unless otherwise noted. | |||
| (a) | A Portfolio of Brighthouse Funds Trust I. | |||
| (b) | A Portfolio of Brighthouse Funds Trust II. | |||
| (c) | Non-income producing security. | |||
| (d) | TBA (To Be Announced) Securities are purchased on a forward commitment basis with an approximate principal amount and no defined maturity date. The actual principal and maturity date will be determined upon settlement date. | |||
| (e) | All or a portion of the security was pledged as collateral against open futures contracts. As of September 30, 2021, the market value of securities pledged was $48,992,187. | |||
| (f) | Variable or floating rate security. The stated rate represents the rate at September 30, 2021. Maturity date shown for callable securities reflects the earliest possible call date. For securities based on a published reference index and spread, the index and spread are indicated in the description above. For certain variable rate securities, the coupon rate is determined by the issuer/agent based on current market conditions. For certain asset- and mortgage-backed securities, the coupon rate may fluctuate based on changes of the underlying collateral or prepayments of principal. These securities do not indicate a reference index and spread in their description above. | |||
| (g) | The rate shown represents current yield to maturity. | |||
| (144A)— | Securities exempt from registration under Rule 144A of the Securities Act of 1933. These securities may be resold in transactions exempt from registration, normally to qualified institutional buyers. As of September 30, 2021, the market value of 144A securities was $4,094,596, which is 0.0% of net assets. | |||
BHFTI-93
Brighthouse Funds Trust I
Brighthouse Balanced Plus Portfolio
Schedule of Investments as of September 30, 2021 (Unaudited)
Forward Foreign Currency Exchange Contracts
| Contracts to Deliver |
Counterparty |
Settlement Date |
In Exchange for |
Unrealized Appreciation/ (Depreciation) |
||||||||||||||||||
| JPY | 20,900,000 | BBP |
10/04/21 | USD | 190,292 | $ | 2,503 | |||||||||||||||
| JPY | 20,900,000 | BBP |
11/02/21 | USD | 187,353 | (473 | ) | |||||||||||||||
|
|
|
|||||||||||||||||||||
| Net Unrealized Appreciation |
|
$ | 2,030 | |||||||||||||||||||
|
|
|
|||||||||||||||||||||
Futures Contracts
| Futures Contracts—Long |
Expiration Date |
Number of Contracts |
Notional Amount |
Value/ Unrealized Appreciation/ (Depreciation) |
||||||||||||||||
| S&P 500 Index E-Mini Futures |
12/17/21 | 9,089 | USD | 1,953,112,488 | $ | (68,958,135 | ) | |||||||||||||
|
|
|
|||||||||||||||||||
Glossary of Abbreviations
Counterparties
| (BBP)— | Barclays Bank plc |
Currencies
| (JPY)— | Japanese Yen | |||
| (USD)— | United States Dollar |
Index Abbreviations
| (LIBOR)— | London Interbank Offered Rate | |||
| (SOFR)— | Secured Overnight Financing Rate |
BHFTI-94
Brighthouse Funds Trust I
Brighthouse Balanced Plus Portfolio
Schedule of Investments as of September 30, 2021 (Unaudited)
Fair Value Hierarchy
Accounting principles generally accepted in the United States of America (“GAAP”) define fair market value as the price that the Portfolio would receive to sell an asset or pay to transfer a liability in an orderly transaction between market participants at the measurement date. It establishes a fair value hierarchy that prioritizes inputs to valuation methods and requires disclosure of the fair value hierarchy, separately for each major category of assets and liabilities, that segregates fair value measurements into three levels. Levels 1, 2 and 3 of the fair value hierarchy are defined as follows:
Level 1 - unadjusted quoted prices in active markets for identical investments
Level 2 - other significant observable inputs (including, but not limited to, quoted prices for similar assets or liabilities in markets that are either active or inactive; inputs other than quoted prices that are observable such as interest rates, yield curves, volatilities, prepayment speeds, loss severities, credit risks, default rates, or other market corroborated inputs)
Level 3 - significant unobservable inputs based on the best information available in the circumstances, to the extent observable inputs are unavailable (including the Portfolio’s own assumptions used in determining the fair value of investments and derivative financial instruments)
The inputs or methodologies used for valuing investments are not necessarily an indication of the risk associated with investing in them. Changes to the inputs or methodologies used may result in transfers between levels. A reconciliation of Level 3 securities, if any, will be disclosed following the fair value hierarchy table. For more information about the Portfolio’s policy regarding the valuation of investments, please refer to the Notes to Schedule of Investments.
The following table summarizes the fair value hierarchy of the Portfolio’s investments as of September 30, 2021:
| Description | Level 1 | Level 2 | Level 3 | Total | ||||||||||||
| Total Mutual Funds* |
$ | 8,179,631,506 | $ | — | $ | — | $ | 8,179,631,506 | ||||||||
| Total U.S. Treasury & Government Agencies* |
— | 3,289,715,523 | — | 3,289,715,523 | ||||||||||||
| Total Corporate Bonds & Notes* |
— | 184,155,878 | — | 184,155,878 | ||||||||||||
| Total Municipals* |
— | 3,159,941 | — | 3,159,941 | ||||||||||||
| Total Short-Term Investments* |
— | 56,745,771 | — | 56,745,771 | ||||||||||||
| Total Investments |
$ | 8,179,631,506 | $ | 3,533,777,113 | $ | — | $ | 11,713,408,619 | ||||||||
| Forward Contracts | ||||||||||||||||
| Forward Foreign Currency Exchange Contracts (Unrealized Appreciation) |
$ | — | $ | 2,503 | $ | — | $ | 2,503 | ||||||||
| Forward Foreign Currency Exchange Contracts (Unrealized Depreciation) |
— | (473 | ) | — | (473 | ) | ||||||||||
| Total Forward Contracts |
$ | — | $ | 2,030 | $ | — | $ | 2,030 | ||||||||
| Futures Contracts | ||||||||||||||||
| Futures Contracts (Unrealized Depreciation) |
$ | (68,958,135 | ) | $ | — | $ | — | $ | (68,958,135 | ) | ||||||
| * | See Schedule of Investments for additional detailed categorizations. | |||
BHFTI-95
Brighthouse Funds Trust I
Brighthouse Small Cap Value Portfolio
Schedule of Investments as of September 30, 2021 (Unaudited)
Common Stocks—98.2% of Net Assets
| Security Description | Shares | Value | ||||||
| Aerospace & Defense—0.5% | ||||||||
| PAE, Inc. (a) (b) |
191,000 | $ | 1,142,180 | |||||
| Parsons Corp. (a) (b) |
139,317 | 4,703,342 | ||||||
|
|
|
|||||||
| 5,845,522 | ||||||||
|
|
|
|||||||
| Airlines—0.2% | ||||||||
| SkyWest, Inc. (a) |
53,700 | 2,649,558 | ||||||
|
|
|
|||||||
| Auto Components—1.1% | ||||||||
| Adient plc (a) |
134,600 | 5,579,170 | ||||||
| Holley, Inc. (a) |
619,503 | 7,396,866 | ||||||
|
|
|
|||||||
| 12,976,036 | ||||||||
|
|
|
|||||||
| Banks—14.7% | ||||||||
| Associated Banc-Corp. (b) |
214,894 | 4,603,030 | ||||||
| Bank of NT Butterfield & Son, Ltd. (The) |
101,600 | 3,607,816 | ||||||
| CVB Financial Corp. |
194,444 | 3,960,824 | ||||||
| East West Bancorp, Inc. |
243,800 | 18,904,252 | ||||||
| First Citizens BancShares, Inc. - Class A (b) |
13,791 | 11,628,157 | ||||||
| First Financial Bancorp |
231,800 | 5,426,438 | ||||||
| First Hawaiian, Inc. (b) |
127,771 | 3,750,079 | ||||||
| First Interstate BancSystem, Inc. - Class A |
80,400 | 3,236,904 | ||||||
| FNB Corp. |
689,700 | 8,014,314 | ||||||
| Great Western Bancorp, Inc. |
189,900 | 6,217,326 | ||||||
| Hancock Whitney Corp. |
353,672 | 16,665,025 | ||||||
| NBT Bancorp, Inc. |
51,000 | 1,842,120 | ||||||
| Prosperity Bancshares, Inc. |
62,700 | 4,459,851 | ||||||
| Renasant Corp. (b) |
139,599 | 5,032,544 | ||||||
| S&T Bancorp, Inc. |
78,800 | 2,322,236 | ||||||
| Sandy Spring Bancorp, Inc. (b) |
71,200 | 3,262,384 | ||||||
| South State Corp. (b) |
70,411 | 5,257,589 | ||||||
| Sterling Bancorp |
185,100 | 4,620,096 | ||||||
| Synovus Financial Corp. |
148,200 | 6,504,498 | ||||||
| UMB Financial Corp. (b) |
157,530 | 15,234,726 | ||||||
| Umpqua Holdings Corp. |
447,350 | 9,058,838 | ||||||
| Valley National Bancorp |
573,300 | 7,630,623 | ||||||
| Webster Financial Corp. |
202,100 | 11,006,366 | ||||||
| Western Alliance Bancorp |
136,700 | 14,875,694 | ||||||
|
|
|
|||||||
| 177,121,730 | ||||||||
|
|
|
|||||||
| Beverages—0.4% | ||||||||
| Primo Water Corp. |
322,829 | 5,074,872 | ||||||
|
|
|
|||||||
| Building Products—2.8% | ||||||||
| CSW Industrials, Inc. (b) |
90,806 | 11,595,926 | ||||||
| Griffon Corp. |
196,542 | 4,834,933 | ||||||
| Janus International Group Inc. (a) (b) |
266,601 | 3,263,196 | ||||||
| JELD-WEN Holding, Inc. (a) |
56,926 | 1,424,858 | ||||||
| Quanex Building Products Corp. (b) |
274,123 | 5,868,974 | ||||||
| Simpson Manufacturing Co., Inc. (b) |
50,012 | 5,349,784 | ||||||
| UFP Industries, Inc. |
16,681 | 1,133,974 | ||||||
|
|
|
|||||||
| 33,471,645 | ||||||||
|
|
|
|||||||
| Capital Markets—1.8% | ||||||||
| Apollo Investment Corp. (b) |
201,778 | 2,617,061 | ||||||
| GlassBridge Enterprises, Inc. (a) (b) |
572 | 15,444 | ||||||
| Capital Markets—(Continued) | ||||||||
| New Mountain Finance Corp. (b) |
266,946 | 3,553,051 | ||||||
| Stifel Financial Corp. (b) |
204,250 | 13,880,830 | ||||||
| Westwood Holdings Group, Inc. |
78,003 | 1,482,057 | ||||||
|
|
|
|||||||
| 21,548,443 | ||||||||
|
|
|
|||||||
| Chemicals—5.5% | ||||||||
| Ashland Global Holdings, Inc. |
37,700 | 3,359,824 | ||||||
| Avient Corp. (b) |
402,669 | 18,663,708 | ||||||
| Ecovyst, Inc. |
289,002 | 3,369,763 | ||||||
| Element Solutions, Inc. (b) |
107,139 | 2,322,774 | ||||||
| HB Fuller Co. |
77,400 | 4,996,944 | ||||||
| Huntsman Corp. |
193,900 | 5,737,501 | ||||||
| Innospec, Inc. |
187,086 | 15,756,383 | ||||||
| Minerals Technologies, Inc. (b) |
22,350 | 1,560,924 | ||||||
| NewMarket Corp. |
23,772 | 8,053,240 | ||||||
| Scotts Miracle-Gro Co. (The) |
13,600 | 1,990,496 | ||||||
|
|
|
|||||||
| 65,811,557 | ||||||||
|
|
|
|||||||
| Commercial Services & Supplies—2.5% | ||||||||
| ACCO Brands Corp. |
393,001 | 3,375,879 | ||||||
| Deluxe Corp. (b) |
42,624 | 1,529,775 | ||||||
| Ennis, Inc. (b) |
137,770 | 2,596,964 | ||||||
| Harsco Corp. (a) (b) |
194,866 | 3,302,979 | ||||||
| Healthcare Services Group, Inc. (b) |
246,489 | 6,159,760 | ||||||
| Matthews International Corp. - Class A (b) |
38,398 | 1,332,027 | ||||||
| UniFirst Corp. |
27,600 | 5,868,312 | ||||||
| Viad Corp. (a) (b) |
122,335 | 5,555,232 | ||||||
|
|
|
|||||||
| 29,720,928 | ||||||||
|
|
|
|||||||
| Communications Equipment—0.8% | ||||||||
| NETGEAR, Inc. (a) (b) |
75,374 | 2,405,184 | ||||||
| NetScout Systems, Inc. (a) |
106,990 | 2,883,381 | ||||||
| Viavi Solutions, Inc. (a) |
281,000 | 4,422,940 | ||||||
|
|
|
|||||||
| 9,711,505 | ||||||||
|
|
|
|||||||
| Construction & Engineering—2.1% | ||||||||
| API Group Corp. (a) |
389,406 | 7,924,412 | ||||||
| Fluor Corp. (a) |
64,771 | 1,034,393 | ||||||
| MasTec, Inc. (a) |
152,075 | 13,121,031 | ||||||
| Primoris Services Corp. |
121,500 | 2,975,535 | ||||||
|
|
|
|||||||
| 25,055,371 | ||||||||
|
|
|
|||||||
| Construction Materials—1.8% | ||||||||
| Eagle Materials, Inc. (b) |
135,008 | 17,707,649 | ||||||
| Summit Materials, Inc. - Class A (a) (b) |
104,500 | 3,340,865 | ||||||
|
|
|
|||||||
| 21,048,514 | ||||||||
|
|
|
|||||||
| Consumer Finance—0.3% | ||||||||
| PROG Holdings, Inc. (a) |
89,500 | 3,759,895 | ||||||
|
|
|
|||||||
| Containers & Packaging—2.5% | ||||||||
| Berry Global Group, Inc. (a) |
142,703 | 8,687,759 | ||||||
| Myers Industries, Inc. (b) |
184,564 | 3,611,917 | ||||||
BHFTI-96
Brighthouse Funds Trust I
Brighthouse Small Cap Value Portfolio
Schedule of Investments as of September 30, 2021 (Unaudited)
Common Stocks—98.2% of Net Assets—(Continued)
| Security Description | Shares | Value | ||||||
| Containers & Packaging—(Continued) | ||||||||
| Silgan Holdings, Inc. (b) |
282,414 | $ | 10,833,401 | |||||
| TriMas Corp. (a) (b) |
223,065 | 7,218,383 | ||||||
|
|
|
|||||||
| 30,351,460 | ||||||||
|
|
|
|||||||
| Diversified Consumer Services—0.4% | ||||||||
| Service Corp. International |
78,550 | 4,733,423 | ||||||
|
|
|
|||||||
| Diversified Financial Services—0.3% | ||||||||
| Jackson Financial, Inc. (a) (b) |
141,228 | 3,671,928 | ||||||
|
|
|
|||||||
| Electric Utilities—1.3% | ||||||||
| ALLETE, Inc. (b) |
140,478 | 8,361,251 | ||||||
| Hawaiian Electric Industries, Inc. |
191,916 | 7,835,930 | ||||||
|
|
|
|||||||
| 16,197,181 | ||||||||
|
|
|
|||||||
| Electrical Equipment—1.6% | ||||||||
| Atkore, Inc. (a) |
205,171 | 17,833,463 | ||||||
| Babcock & Wilcox Enterprises, Inc. (a) (b) |
269,149 | 1,725,245 | ||||||
|
|
|
|||||||
| 19,558,708 | ||||||||
|
|
|
|||||||
| Electronic Equipment, Instruments & Components—1.8% | ||||||||
| Belden, Inc. (b) |
95,497 | 5,563,655 | ||||||
| Flex, Ltd. (a) |
411,537 | 7,275,974 | ||||||
| SYNNEX Corp. |
25,700 | 2,675,370 | ||||||
| TTM Technologies, Inc. (a) |
331,776 | 4,170,425 | ||||||
| Vishay Intertechnology, Inc. (b) |
78,500 | 1,577,065 | ||||||
|
|
|
|||||||
| 21,262,489 | ||||||||
|
|
|
|||||||
| Energy Equipment & Services—1.0% | ||||||||
| Dril-Quip, Inc. (a) (b) |
57,400 | 1,445,332 | ||||||
| Forum Energy Technologies, Inc. (a) (b) |
18,776 | 423,211 | ||||||
| Helix Energy Solutions Group, Inc. (a) |
339,400 | 1,316,872 | ||||||
| Liberty Oilfield Services, Inc. - Class A (a) (b) |
54,680 | 663,269 | ||||||
| Patterson-UTI Energy, Inc. (b) |
767,102 | 6,903,918 | ||||||
| TechnipFMC plc (a) |
234,521 | 1,765,943 | ||||||
|
|
|
|||||||
| 12,518,545 | ||||||||
|
|
|
|||||||
| Equity Real Estate Investment Trusts—4.3% | ||||||||
| Brandywine Realty Trust (b) |
376,000 | 5,045,920 | ||||||
| Broadstone Net Lease, Inc. (b) |
148,300 | 3,679,323 | ||||||
| Independence Realty Trust, Inc. |
159,500 | 3,245,825 | ||||||
| Kite Realty Group Trust (b) |
157,763 | 3,212,055 | ||||||
| Lexington Realty Trust (b) |
422,600 | 5,388,150 | ||||||
| Life Storage, Inc. |
52,950 | 6,075,483 | ||||||
| National Health Investors, Inc. (b) |
56,400 | 3,017,400 | ||||||
| Outfront Media, Inc. |
270,750 | 6,822,900 | ||||||
| RPT Realty |
241,700 | 3,084,092 | ||||||
| Spirit Realty Capital, Inc. |
122,500 | 5,639,900 | ||||||
| Summit Hotel Properties, Inc. (a) |
291,500 | 2,807,145 | ||||||
| Washington Real Estate Investment Trust (b) |
160,214 | 3,965,296 | ||||||
|
|
|
|||||||
| 51,983,489 | ||||||||
|
|
|
|||||||
| Food & Staples Retailing—0.4% | ||||||||
| Performance Food Group Co. (a) |
107,981 | 5,016,797 | ||||||
|
|
|
|||||||
| Food Products—3.4% | ||||||||
| Hostess Brands, Inc. (a) (b) |
325,779 | 5,658,781 | ||||||
| J & J Snack Foods Corp. (b) |
135,127 | 20,650,108 | ||||||
| Nomad Foods, Ltd. (a) |
354,951 | 9,782,450 | ||||||
| Tootsie Roll Industries, Inc. (b) |
77,966 | 2,372,505 | ||||||
| UTZ Brands, Inc. (b) |
145,945 | 2,500,038 | ||||||
|
|
|
|||||||
| 40,963,882 | ||||||||
|
|
|
|||||||
| Gas Utilities—0.6% | ||||||||
| South Jersey Industries, Inc. (b) |
145,400 | 3,091,204 | ||||||
| Southwest Gas Holdings, Inc. (b) |
67,700 | 4,527,776 | ||||||
|
|
|
|||||||
| 7,618,980 | ||||||||
|
|
|
|||||||
| Health Care Equipment & Supplies—2.0% | ||||||||
| Avanos Medical, Inc. (a) |
104,900 | 3,272,880 | ||||||
| Integer Holdings Corp. (a) |
62,900 | 5,619,486 | ||||||
| Integra LifeSciences Holdings Corp. (a) |
86,000 | 5,889,280 | ||||||
| Natus Medical, Inc. (a) (b) |
117,599 | 2,949,383 | ||||||
| NuVasive, Inc. (a) (b) |
43,500 | 2,603,475 | ||||||
| Varex Imaging Corp. (a) (b) |
123,704 | 3,488,453 | ||||||
|
|
|
|||||||
| 23,822,957 | ||||||||
|
|
|
|||||||
| Health Care Providers & Services—1.5% | ||||||||
| ATI Physical Therapy, Inc. (a) |
86,933 | 330,346 | ||||||
| Owens & Minor, Inc. (b) |
218,456 | 6,835,488 | ||||||
| Patterson Cos., Inc. (b) |
138,874 | 4,185,662 | ||||||
| Premier, Inc. - Class A (b) |
71,613 | 2,775,720 | ||||||
| Select Medical Holdings Corp. |
112,000 | 4,051,040 | ||||||
|
|
|
|||||||
| 18,178,256 | ||||||||
|
|
|
|||||||
| Hotels, Restaurants & Leisure—3.3% | ||||||||
| Bally’s Corp. (a) |
35,330 | 1,771,446 | ||||||
| Choice Hotels International, Inc. |
36,600 | 4,625,142 | ||||||
| Cracker Barrel Old Country Store, Inc. |
33,100 | 4,628,704 | ||||||
| Denny’s Corp. (a) (b) |
599,049 | 9,788,461 | ||||||
| Dine Brands Global, Inc. (a) |
103,377 | 8,395,246 | ||||||
| Jack in the Box, Inc. (b) |
78,089 | 7,600,402 | ||||||
| Texas Roadhouse, Inc. |
34,200 | 3,123,486 | ||||||
|
|
|
|||||||
| 39,932,887 | ||||||||
|
|
|
|||||||
| Household Durables—2.6% | ||||||||
| Helen of Troy, Ltd. (a) |
56,783 | 12,758,004 | ||||||
| KB Home |
116,800 | 4,545,856 | ||||||
| Leggett & Platt, Inc. (b) |
74,800 | 3,354,032 | ||||||
| Meritage Homes Corp. (a) |
53,500 | 5,189,500 | ||||||
| Tupperware Brands Corp. (a) (b) |
229,321 | 4,843,260 | ||||||
|
|
|
|||||||
| 30,690,652 | ||||||||
|
|
|
|||||||
| Household Products—2.6% | ||||||||
| Central Garden and Pet Co. (Non-Voting Shares) |
103,227 | 4,438,761 | ||||||
| Central Garden and Pet Co. (Voting Shares) (a) |
92,842 | 4,456,416 | ||||||
| Spectrum Brands Holdings, Inc. (b) |
229,142 | 21,922,015 | ||||||
|
|
|
|||||||
| 30,817,192 | ||||||||
|
|
|
|||||||
BHFTI-97
Brighthouse Funds Trust I
Brighthouse Small Cap Value Portfolio
Schedule of Investments as of September 30, 2021 (Unaudited)
Common Stocks—98.2% of Net Assets—(Continued)
| Security Description | Shares | Value | ||||||
| Insurance—4.7% | ||||||||
| American Equity Investment Life Holding Co. |
208,000 | $ | 6,150,560 | |||||
| CNO Financial Group, Inc. (b) |
58,853 | 1,385,400 | ||||||
| Enstar Group, Ltd. (a) |
32,289 | 7,579,197 | ||||||
| Hanover Insurance Group, Inc. (The) (b) |
118,553 | 15,366,840 | ||||||
| Kemper Corp. |
57,500 | 3,840,425 | ||||||
| National Western Life Group, Inc. - Class A (b) |
8,735 | 1,839,504 | ||||||
| ProAssurance Corp. |
137,826 | 3,277,502 | ||||||
| Selective Insurance Group, Inc. |
101,290 | 7,650,434 | ||||||
| Stewart Information Services Corp. |
144,806 | 9,160,427 | ||||||
|
|
|
|||||||
| 56,250,289 | ||||||||
|
|
|
|||||||
| IT Services—1.3% | ||||||||
| Concentrix Corp. (a) |
62,415 | 11,047,455 | ||||||
| MAXIMUS, Inc. (b) |
58,906 | 4,900,979 | ||||||
|
|
|
|||||||
| 15,948,434 | ||||||||
|
|
|
|||||||
| Leisure Products—0.3% | ||||||||
| Acushnet Holdings Corp. (b) |
69,200 | 3,231,640 | ||||||
|
|
|
|||||||
| Machinery—7.6% | ||||||||
| Alamo Group, Inc. |
27,094 | 3,780,426 | ||||||
| Altra Industrial Motion Corp. |
134,200 | 7,427,970 | ||||||
| Barnes Group, Inc. |
82,000 | 3,421,860 | ||||||
| Columbus McKinnon Corp. (b) |
100,147 | 4,842,107 | ||||||
| Douglas Dynamics, Inc. |
183,073 | 6,645,550 | ||||||
| Franklin Electric Co., Inc. |
183,417 | 14,645,847 | ||||||
| Hillenbrand, Inc. |
30,823 | 1,314,601 | ||||||
| Hillman Solutions Corp. (a) |
3,231 | 38,546 | ||||||
| Hillman Solutions Corp. (a) (c) |
502,200 | 5,891,372 | ||||||
| ITT, Inc. |
116,200 | 9,974,608 | ||||||
| Kadant, Inc. (b) |
35,259 | 7,196,362 | ||||||
| Mayville Engineering Co., Inc. (a) |
91,693 | 1,723,828 | ||||||
| Mueller Industries, Inc. |
361,216 | 14,845,978 | ||||||
| NN, Inc. (a) (b) |
127,917 | 671,564 | ||||||
| Rexnord Corp. |
129,200 | 8,306,268 | ||||||
|
|
|
|||||||
| 90,726,887 | ||||||||
|
|
|
|||||||
| Marine—0.2% | ||||||||
| Kirby Corp. (a) (b) |
62,900 | 3,016,684 | ||||||
|
|
|
|||||||
| Media—0.7% | ||||||||
| Cable One, Inc. |
1,900 | 3,444,947 | ||||||
| DallasNews Corp. |
46,823 | 325,420 | ||||||
| TEGNA, Inc. (b) |
261,200 | 5,150,864 | ||||||
|
|
|
|||||||
| 8,921,231 | ||||||||
|
|
|
|||||||
| Metals & Mining—0.7% | ||||||||
| Arconic Corp. (a) (b) |
116,800 | 3,683,872 | ||||||
| Compass Minerals International, Inc. (b) |
64,962 | 4,183,553 | ||||||
|
|
|
|||||||
| 7,867,425 | ||||||||
|
|
|
|||||||
| Mortgage Real Estate Investment Trusts—1.1% | ||||||||
| Apollo Commercial Real Estate Finance, Inc. |
224,639 | 3,331,396 | ||||||
| New York Mortgage Trust, Inc. |
821,456 | 3,499,403 | ||||||
| Two Harbors Investment Corp. (b) |
1,092,114 | 6,924,003 | ||||||
|
|
|
|||||||
| 13,754,802 | ||||||||
|
|
|
|||||||
| Multi-Utilities—0.4% | ||||||||
| Black Hills Corp. |
74,100 | 4,650,516 | ||||||
|
|
|
|||||||
| Multiline Retail—0.3% | ||||||||
| Franchise Group, Inc. (b) |
89,058 | 3,153,544 | ||||||
|
|
|
|||||||
| Oil, Gas & Consumable Fuels—4.5% | ||||||||
| Alto Ingredients, Inc. (a) (b) |
267,287 | 1,320,398 | ||||||
| Berry Corp. |
221,074 | 1,593,944 | ||||||
| CNX Resources Corp. (a) |
462,400 | 5,835,488 | ||||||
| Delek U.S. Holdings, Inc. |
128,900 | 2,316,333 | ||||||
| Denbury, Inc. (a) (b) |
68,791 | 4,832,568 | ||||||
| Devon Energy Corp. |
261,099 | 9,271,625 | ||||||
| EQT Corp. (a) |
96,695 | 1,978,380 | ||||||
| Magnolia Oil & Gas Corp. - Class A (b) |
773,650 | 13,763,234 | ||||||
| Nordic American Tankers, Ltd. (b) |
406,008 | 1,039,380 | ||||||
| Northern Oil and Gas, Inc. |
24,770 | 530,078 | ||||||
| Renewable Energy Group, Inc. (a) |
54,392 | 2,730,478 | ||||||
| Southwestern Energy Co. (a) (b) |
833,680 | 4,618,587 | ||||||
| Whiting Petroleum Corp. (a) (b) |
82,613 | 4,825,425 | ||||||
|
|
|
|||||||
| 54,655,918 | ||||||||
|
|
|
|||||||
| Paper & Forest Products—2.1% | ||||||||
| Louisiana-Pacific Corp. |
202,100 | 12,402,877 | ||||||
| Neenah, Inc. |
163,729 | 7,631,409 | ||||||
| Schweitzer-Mauduit International, Inc. (b) |
143,235 | 4,964,525 | ||||||
|
|
|
|||||||
| 24,998,811 | ||||||||
|
|
|
|||||||
| Personal Products—0.2% | ||||||||
| Edgewell Personal Care Co. (b) |
55,021 | 1,997,262 | ||||||
|
|
|
|||||||
| Pharmaceuticals—0.7% | ||||||||
| Perrigo Co. plc |
81,072 | 3,837,138 | ||||||
| Prestige Consumer Healthcare, Inc. (a) (b) |
88,672 | 4,975,386 | ||||||
|
|
|
|||||||
| 8,812,524 | ||||||||
|
|
|
|||||||
| Professional Services—1.5% | ||||||||
| CBIZ, Inc. (a) (b) |
185,964 | 6,014,076 | ||||||
| KBR, Inc. |
105,560 | 4,159,064 | ||||||
| Korn Ferry |
110,570 | 8,000,845 | ||||||
|
|
|
|||||||
| 18,173,985 | ||||||||
|
|
|
|||||||
| Road & Rail—1.2% | ||||||||
| Saia, Inc. (a) |
12,700 | 3,022,981 | ||||||
| Werner Enterprises, Inc. |
245,736 | 10,878,733 | ||||||
|
|
|
|||||||
| 13,901,714 | ||||||||
|
|
|
|||||||
| Semiconductors & Semiconductor Equipment—2.3% | ||||||||
| Cirrus Logic, Inc. (a) |
59,900 | 4,932,765 | ||||||
| Diodes, Inc. (a) |
41,600 | 3,768,544 | ||||||
BHFTI-98
Brighthouse Funds Trust I
Brighthouse Small Cap Value Portfolio
Schedule of Investments as of September 30, 2021 (Unaudited)
Common Stocks—98.2% of Net Assets—(Continued)
| Security Description | Shares/ Principal |
Value | ||||||
| Semiconductors & Semiconductor Equipment —(Continued) | ||||||||
| ON Semiconductor Corp. (a) |
163,300 | $ | 7,474,241 | |||||
| Teradyne, Inc. |
50,400 | 5,502,168 | ||||||
| Tower Semiconductor, Ltd. (U.S. Listed Shares) (a) |
190,500 | 5,695,950 | ||||||
|
|
|
|||||||
| 27,373,668 | ||||||||
|
|
|
|||||||
| Software—0.3% | ||||||||
| NCR Corp. (a) (b) |
60,284 | 2,336,608 | ||||||
| Synchronoss Technologies, Inc. (a) |
355,637 | 853,529 | ||||||
|
|
|
|||||||
| 3,190,137 | ||||||||
|
|
|
|||||||
| Special Purpose Acquisition Companies—0.6% | ||||||||
| Mason Industrial Technology, Inc. (a) |
164,000 | 1,631,800 | ||||||
| Pershing Square Tontine Holdings, Ltd. - Class A (a) (b) |
240,596 | 4,739,741 | ||||||
| Pine Island Acquisition Corp. (a) |
143,671 | 1,435,273 | ||||||
|
|
|
|||||||
| 7,806,814 | ||||||||
|
|
|
|||||||
| Specialty Retail—0.7% | ||||||||
| American Eagle Outfitters, Inc. (b) |
103,500 | 2,670,300 | ||||||
| Group 1 Automotive, Inc. |
28,600 | 5,373,368 | ||||||
|
|
|
|||||||
| 8,043,668 | ||||||||
|
|
|
|||||||
| Textiles, Apparel & Luxury Goods—1.1% | ||||||||
| Delta Apparel, Inc. (a) |
64,202 | 1,753,357 | ||||||
| Steven Madden, Ltd. (b) |
177,985 | 7,147,877 | ||||||
| Wolverine World Wide, Inc. |
131,888 | 3,935,538 | ||||||
|
|
|
|||||||
| 12,836,772 | ||||||||
|
|
|
|||||||
| Thrifts & Mortgage Finance—0.2% | ||||||||
| Essent Group, Ltd. |
63,600 | 2,799,036 | ||||||
|
|
|
|||||||
| Trading Companies & Distributors—1.4% | ||||||||
| Air Lease Corp. |
65,020 | 2,557,887 | ||||||
| Custom Truck One Source, Inc. (a) (b) |
241,949 | 2,257,384 | ||||||
| H&E Equipment Services, Inc. |
75,000 | 2,603,250 | ||||||
| WESCO International, Inc. (a) |
82,500 | 9,513,900 | ||||||
|
|
|
|||||||
| 16,932,421 | ||||||||
|
|
|
|||||||
| Total Common Stocks |
1,180,158,584 | |||||||
|
|
|
|||||||
| Short-Term Investment—2.1% |
| |||||||
| Repurchase Agreement—2.1% | ||||||||
| Fixed Income Clearing Corp. |
25,410,822 | 25,410,822 | ||||||
|
|
|
|||||||
| Total Short-Term Investments |
25,410,822 | |||||||
|
|
|
|||||||
| Securities Lending Reinvestments (d)—13.9% |
| |||||||
| Security Description |
Principal |
Value | ||||||
| Certificates of Deposit—4.5% | ||||||||
| Agricultural Bank of China |
3,000,000 | 3,000,174 | ||||||
| Bank of Montreal (Chicago) |
2,000,000 | 1,999,964 | ||||||
| Barclays Bank plc |
5,000,000 | 5,002,885 | ||||||
| Cooperatieve Rabobank UA |
4,000,000 | 4,000,560 | ||||||
| 0.170%, 03/18/22 |
4,000,000 | 4,000,000 | ||||||
| Credit Industriel et Commercial |
5,000,000 | 4,999,800 | ||||||
| Goldman Sachs Bank USA |
5,000,000 | 5,000,350 | ||||||
| Mitsubishi UFJ Trust and Banking Corp. (London) |
1,000,000 | 999,840 | ||||||
| Mizuho Bank, Ltd. |
2,000,000 | 1,999,902 | ||||||
| MUFG Bank Ltd. |
3,000,000 | 3,000,084 | ||||||
| Natixis S.A. (New York) |
5,000,000 | 5,000,765 | ||||||
| Oversea-Chinese Banking Corp., Ltd. |
7,000,000 | 7,000,378 | ||||||
| Societe Generale |
2,000,000 | 1,999,908 | ||||||
| Standard Chartered Bank (NY) |
2,000,000 | 2,000,000 | ||||||
| Sumitomo Mitsui Trust Bank, Ltd. |
1,000,000 | 999,440 | ||||||
| 0.060%, 10/05/21 |
3,000,000 | 2,999,982 | ||||||
|
|
|
|||||||
| 54,004,032 | ||||||||
|
|
|
|||||||
| Commercial Paper—0.4% | ||||||||
| UBS AG |
5,000,000 | 4,995,363 | ||||||
|
|
|
|||||||
| Repurchase Agreements—6.5% | ||||||||
| Barclays Bank plc |
4,300,000 | 4,300,000 | ||||||
| Barclays Capital, Inc. |
6,453,241 | 6,453,241 | ||||||
BHFTI-99
Brighthouse Funds Trust I
Brighthouse Small Cap Value Portfolio
Schedule of Investments as of September 30, 2021 (Unaudited)
Securities Lending Reinvestments (d)—(Continued)
| Security Description |
Principal |
Value | ||||||
| Repurchase Agreements—(Continued) | ||||||||
| BofA Securities, Inc. |
3,000,000 | $ | 3,000,000 | |||||
| CF Secured LLC |
5,000,000 | 5,000,000 | ||||||
| Citigroup Global Markets, Inc. |
2,000,000 | 2,000,000 | ||||||
| Repurchase Agreement dated 09/30/21 at 0.420%, due on 11/04/21 with a maturity value of $5,002,042; collateralized by U.S. Treasury Obligations with rates ranging from 1.000% - 4.500%, maturity dates ranging from 05/15/27 - 05/15/40, and various Common Stock with an aggregate market value of $5,433,364. |
5,000,000 | 5,000,000 | ||||||
| Deutsche Bank AG, London |
700,000 | 700,000 | ||||||
| Morgan Stanley |
3,000,000 | 3,000,000 | ||||||
| National Bank of Canada |
20,000,000 | 20,000,000 | ||||||
| NBC Global Finance, Ltd. |
2,900,000 | 2,900,000 | ||||||
| Repurchase Agreement dated 09/30/21 at 0.250%, due on 10/07/21 with a maturity value of $1,700,083; collateralized by U.S. Treasury Obligations with rates ranging from 0.095% - 2.000%, maturity dates ranging from 07/31/22 - 02/15/50, and various Common Stock with an aggregate market value of $1,888,051. |
1,700,000 | 1,700,000 | ||||||
| Repurchase Agreements—(Continued) | ||||||||
| Societe Generale |
1,500,000 | 1,500,000 | ||||||
| Repurchase Agreement dated 09/30/21 at 0.170%, due on 10/01/21 with a maturity value of $17,000,080; collateralized by various Common Stock with an aggregate market value of $18,889,263. |
17,000,000 | 17,000,000 | ||||||
| Repurchase Agreement dated 09/30/21 at 0.200%, due on 10/07/21 with a maturity value of $5,284,758; collateralized by various Common Stock with an aggregate market value of $5,871,842. |
5,284,553 | 5,284,553 | ||||||
|
|
|
|||||||
| 77,837,794 | ||||||||
|
|
|
|||||||
| Time Deposits—0.9% | ||||||||
| First Abu Dhabi Bank USA NV |
2,000,000 | 2,000,000 | ||||||
| Landesbank Baden-Wuettertemberg (London) |
1,600,000 | 1,600,000 | ||||||
| National Bank of Canada |
5,000,000 | 5,000,000 | ||||||
| Skandi New York |
2,000,000 | 2,000,000 | ||||||
|
|
|
|||||||
| 10,600,000 | ||||||||
|
|
|
|||||||
| Mutual Funds—1.6% | ||||||||
| BlackRock Liquidity Funds FedFund, Institutional Shares |
500,000 | 500,000 | ||||||
| Goldman Sachs Financial Square Government Fund, Institutional Shares 0.030% (f) |
10,000,000 | 10,000,000 | ||||||
| STIT-Government & Agency Portfolio, Institutional Class |
9,000,000 | 9,000,000 | ||||||
|
|
|
|||||||
| 19,500,000 | ||||||||
|
|
|
|||||||
| Total Securities Lending Reinvestments |
166,937,189 | |||||||
|
|
|
|||||||
| Total Investments—114.2% |
1,372,506,595 | |||||||
| Other assets and liabilities (net)—(14.2)% |
(170,918,139 | ) | ||||||
|
|
|
|||||||
| Net Assets—100.0% | $ | 1,201,588,456 | ||||||
|
|
|
|||||||
| * | Principal amount stated in U.S. dollars unless otherwise noted. | |||
| (a) | Non-income producing security. | |||
| (b) | All or a portion of the security was held on loan. As of September 30, 2021, the market value of securities loaned was $161,975,501 and the collateral received consisted of cash in the amount of $166,925,222 and non-cash collateral with a value of $2,353,426. The cash collateral investments are disclosed in the Schedule of Investments and categorized as Securities Lending Reinvestments. The non-cash collateral received consists of U.S. government securities that are held in safe-keeping by the lending agent, or a third-party custodian, and cannot be sold or repledged by the Portfolio. | |||
| (c) | Security was valued in good faith under procedures approved by the Board of Trustees. As of September 30, 2021, these securities represent 0.5% of net assets. | |||
BHFTI-100
Brighthouse Funds Trust I
Brighthouse Small Cap Value Portfolio
Schedule of Investments as of September 30, 2021 (Unaudited)
| (d) | Represents investment of cash collateral received from securities on loan as of September 30, 2021. | |||
| (e) | Variable or floating rate security. The stated rate represents the rate at September 30, 2021. Maturity date shown for callable securities reflects the earliest possible call date. For securities based on a published reference index and spread, the index and spread are indicated in the description above. For certain variable rate securities, the coupon rate is determined by the issuer/agent based on current market conditions. For certain asset- and mortgage-backed securities, the coupon rate may fluctuate based on changes of the underlying collateral or prepayments of principal. These securities do not indicate a reference index and spread in their description above. | |||
| (f) | The rate shown represents the annualized seven-day yield as of September 30, 2021. | |||
Glossary of Abbreviations
Index Abbreviations
| (BSBY)— | Bloomberg Short-Term Bank Yield Index | |||
| (LIBOR)— | London Interbank Offered Rate | |||
| (OBFR)— | U.S. Overnight Bank Funding Rate | |||
Fair Value Hierarchy
Accounting principles generally accepted in the United States of America (“GAAP”) define fair market value as the price that the Portfolio would receive to sell an asset or pay to transfer a liability in an orderly transaction between market participants at the measurement date. It establishes a fair value hierarchy that prioritizes inputs to valuation methods and requires disclosure of the fair value hierarchy, separately for each major category of assets and liabilities, that segregates fair value measurements into three levels. Levels 1, 2 and 3 of the fair value hierarchy are defined as follows:
Level 1 - unadjusted quoted prices in active markets for identical investments
Level 2 - other significant observable inputs (including, but not limited to, quoted prices for similar assets or liabilities in markets that are either active or inactive; inputs other than quoted prices that are observable such as interest rates, yield curves, volatilities, prepayment speeds, loss severities, credit risks, default rates, or other market corroborated inputs)
Level 3 - significant unobservable inputs based on the best information available in the circumstances, to the extent observable inputs are unavailable (including the Portfolio’s own assumptions used in determining the fair value of investments and derivative financial instruments)
The inputs or methodologies used for valuing investments are not necessarily an indication of the risk associated with investing in them. Changes to the inputs or methodologies used may result in transfers between levels. A reconciliation of Level 3 securities, if any, will be disclosed following the fair value hierarchy table. For more information about the Portfolio’s policy regarding the valuation of investments, please refer to the Notes to Schedule of Investments.
The following table summarizes the fair value hierarchy of the Portfolio’s investments as of September 30, 2021:
| Description | Level 1 | Level 2 | Level 3 | Total | ||||||||||||
| Common Stocks | ||||||||||||||||
| Aerospace & Defense |
$ | 5,845,522 | $ | — | $ | — | $ | 5,845,522 | ||||||||
| Airlines |
2,649,558 | — | — | 2,649,558 | ||||||||||||
| Auto Components |
12,976,036 | — | — | 12,976,036 | ||||||||||||
| Banks |
177,121,730 | — | — | 177,121,730 | ||||||||||||
| Beverages |
5,074,872 | — | — | 5,074,872 | ||||||||||||
| Building Products |
33,471,645 | — | — | 33,471,645 | ||||||||||||
| Capital Markets |
21,548,443 | — | — | 21,548,443 | ||||||||||||
| Chemicals |
65,811,557 | — | — | 65,811,557 | ||||||||||||
| Commercial Services & Supplies |
29,720,928 | — | — | 29,720,928 | ||||||||||||
| Communications Equipment |
9,711,505 | — | — | 9,711,505 | ||||||||||||
| Construction & Engineering |
25,055,371 | — | — | 25,055,371 | ||||||||||||
| Construction Materials |
21,048,514 | — | — | 21,048,514 | ||||||||||||
| Consumer Finance |
3,759,895 | — | — | 3,759,895 | ||||||||||||
| Containers & Packaging |
30,351,460 | — | — | 30,351,460 | ||||||||||||
| Diversified Consumer Services |
4,733,423 | — | — | 4,733,423 | ||||||||||||
| Diversified Financial Services |
3,671,928 | — | — | 3,671,928 | ||||||||||||
| Electric Utilities |
16,197,181 | — | — | 16,197,181 | ||||||||||||
| Electrical Equipment |
19,558,708 | — | — | 19,558,708 | ||||||||||||
| Electronic Equipment, Instruments & Components |
21,262,489 | — | — | 21,262,489 | ||||||||||||
| Energy Equipment & Services |
12,518,545 | — | — | 12,518,545 | ||||||||||||
| Equity Real Estate Investment Trusts |
51,983,489 | — | — | 51,983,489 | ||||||||||||
BHFTI-101
Brighthouse Funds Trust I
Brighthouse Small Cap Value Portfolio
Schedule of Investments as of September 30, 2021 (Unaudited)
Fair Value Hierarchy—(Continued)
| Description | Level 1 | Level 2 | Level 3 | Total | ||||||||||||
| Food & Staples Retailing |
$ | 5,016,797 | $ | — | $ | — | $ | 5,016,797 | ||||||||
| Food Products |
40,963,882 | — | — | 40,963,882 | ||||||||||||
| Gas Utilities |
7,618,980 | — | — | 7,618,980 | ||||||||||||
| Health Care Equipment & Supplies |
23,822,957 | — | — | 23,822,957 | ||||||||||||
| Health Care Providers & Services |
18,178,256 | — | — | 18,178,256 | ||||||||||||
| Hotels, Restaurants & Leisure |
39,932,887 | — | — | 39,932,887 | ||||||||||||
| Household Durables |
30,690,652 | — | — | 30,690,652 | ||||||||||||
| Household Products |
30,817,192 | — | — | 30,817,192 | ||||||||||||
| Insurance |
56,250,289 | — | — | 56,250,289 | ||||||||||||
| IT Services |
15,948,434 | — | — | 15,948,434 | ||||||||||||
| Leisure Products |
3,231,640 | — | — | 3,231,640 | ||||||||||||
| Machinery |
84,835,515 | 5,891,372 | — | 90,726,887 | ||||||||||||
| Marine |
3,016,684 | — | — | 3,016,684 | ||||||||||||
| Media |
8,921,231 | — | — | 8,921,231 | ||||||||||||
| Metals & Mining |
7,867,425 | — | — | 7,867,425 | ||||||||||||
| Mortgage Real Estate Investment Trusts |
13,754,802 | — | — | 13,754,802 | ||||||||||||
| Multi-Utilities |
4,650,516 | — | — | 4,650,516 | ||||||||||||
| Multiline Retail |
3,153,544 | — | — | 3,153,544 | ||||||||||||
| Oil, Gas & Consumable Fuels |
54,655,918 | — | — | 54,655,918 | ||||||||||||
| Paper & Forest Products |
24,998,811 | — | — | 24,998,811 | ||||||||||||
| Personal Products |
1,997,262 | — | — | 1,997,262 | ||||||||||||
| Pharmaceuticals |
8,812,524 | — | — | 8,812,524 | ||||||||||||
| Professional Services |
18,173,985 | — | — | 18,173,985 | ||||||||||||
| Road & Rail |
13,901,714 | — | — | 13,901,714 | ||||||||||||
| Semiconductors & Semiconductor Equipment |
27,373,668 | — | — | 27,373,668 | ||||||||||||
| Software |
3,190,137 | — | — | 3,190,137 | ||||||||||||
| Special Purpose Acquisition Companies |
7,806,814 | — | — | 7,806,814 | ||||||||||||
| Specialty Retail |
8,043,668 | — | — | 8,043,668 | ||||||||||||
| Textiles, Apparel & Luxury Goods |
12,836,772 | — | — | 12,836,772 | ||||||||||||
| Thrifts & Mortgage Finance |
2,799,036 | — | — | 2,799,036 | ||||||||||||
| Trading Companies & Distributors |
16,932,421 | — | — | 16,932,421 | ||||||||||||
| Total Common Stocks |
1,174,267,212 | 5,891,372 | — | 1,180,158,584 | ||||||||||||
| Total Short-Term Investment* |
— | 25,410,822 | — | 25,410,822 | ||||||||||||
| Securities Lending Reinvestments | ||||||||||||||||
| Certificates of Deposit |
— | 54,004,032 | — | 54,004,032 | ||||||||||||
| Commercial Paper |
— | 4,995,363 | — | 4,995,363 | ||||||||||||
| Repurchase Agreements |
— | 77,837,794 | — | 77,837,794 | ||||||||||||
| Time Deposits |
— | 10,600,000 | — | 10,600,000 | ||||||||||||
| Mutual Funds |
19,500,000 | — | — | 19,500,000 | ||||||||||||
| Total Securities Lending Reinvestments |
19,500,000 | 147,437,189 | — | 166,937,189 | ||||||||||||
| Total Investments |
$ | 1,193,767,212 | $ | 178,739,383 | $ | — | $ | 1,372,506,595 | ||||||||
| Collateral for Securities Loaned (Liability) |
$ | — | $ | (166,925,222 | ) | $ | — | $ | (166,925,222 | ) | ||||||
| * | See Schedule of Investments for additional detailed categorizations. | |||
BHFTI-102
Brighthouse Funds Trust I
Brighthouse/Aberdeen Emerging Markets Equity Portfolio
Schedule of Investments as of September 30, 2021 (Unaudited)
Common Stocks — 90.6% of Net Assets
| Security Description | Shares | Value | ||||||
| Argentina—1.3% | ||||||||
| MercadoLibre, Inc. (a) |
8,575 | $ | 14,400,855 | |||||
|
|
|
|||||||
| Austria—1.3% | ||||||||
| Mondi plc |
630,825 | 15,498,468 | ||||||
|
|
|
|||||||
| Brazil—4.3% | ||||||||
| B3 S.A. - Brasil Bolsa Balcao |
1,956,000 | 4,575,943 | ||||||
| Banco Bradesco S.A. (ADR) (b) |
4,316,108 | 16,530,693 | ||||||
| Rumo S.A. (a) |
2,243,610 | 6,917,360 | ||||||
| Vale S.A. (ADR) (b) |
1,132,617 | 15,800,007 | ||||||
| WEG S.A. |
882,657 | 6,423,302 | ||||||
|
|
|
|||||||
| 50,247,305 | ||||||||
|
|
|
|||||||
| China—32.7% | ||||||||
| Alibaba Group Holding, Ltd. (a) |
2,472,000 | 45,979,229 | ||||||
| Budweiser Brewing Co. APAC, Ltd. |
3,785,900 | 9,529,349 | ||||||
| China Conch Venture Holdings, Ltd. (b) |
1,796,000 | 8,270,843 | ||||||
| China Merchants Bank Co., Ltd. - Class H |
2,763,000 | 21,929,959 | ||||||
| China Resources Gas Group, Ltd. |
2,386,000 | 12,523,013 | ||||||
| China Resources Land, Ltd. |
4,292,000 | 18,052,866 | ||||||
| China Tourism Group Duty Free Corp., Ltd. - Class A |
348,695 | 14,035,261 | ||||||
| GDS Holdings, Ltd. - Class A (a) |
916,700 | 6,523,810 | ||||||
| Hangzhou Tigermed Consulting Co., Ltd. - Class A |
223,499 | 5,989,077 | ||||||
| Hangzhou Tigermed Consulting Co., Ltd. - Class H |
103,100 | 2,187,311 | ||||||
| Kweichow Moutai Co., Ltd. - Class A |
28,272 | 8,009,951 | ||||||
| Li Ning Co., Ltd. |
820,500 | 9,465,223 | ||||||
| LONGi Green Energy Technology Co., Ltd. - Class A |
1,973,556 | 25,064,220 | ||||||
| Meituan - Class B (a) |
383,200 | 11,966,070 | ||||||
| Midea Group Co., Ltd. - Class A |
1,124,989 | 12,120,796 | ||||||
| NARI Technology Co., Ltd. - Class A |
4,008,434 | 22,183,994 | ||||||
| Ping An Insurance Group Co. of China, Ltd. - Class H |
846,500 | 5,743,952 | ||||||
| Prosus NV |
347,377 | 27,358,786 | ||||||
| Shenzhou International Group Holdings, Ltd. |
828,900 | 17,325,884 | ||||||
| Sungrow Power Supply Co., Ltd. - Class A |
647,108 | 14,825,845 | ||||||
| Tencent Holdings, Ltd. |
731,200 | 42,873,341 | ||||||
| Wuxi Biologics Cayman, Inc. (a) |
1,640,000 | 26,507,758 | ||||||
| Yunnan Energy New Material Co., Ltd. - Class A |
210,795 | 9,139,976 | ||||||
|
|
|
|||||||
| 377,606,514 | ||||||||
|
|
|
|||||||
| Hong Kong—3.2% | ||||||||
| AIA Group, Ltd. |
1,743,800 | 20,078,358 | ||||||
| Hong Kong Exchanges & Clearing, Ltd. |
285,290 | 17,316,607 | ||||||
|
|
|
|||||||
| 37,394,965 | ||||||||
|
|
|
|||||||
| India—12.9% | ||||||||
| Hindustan Unilever, Ltd. |
340,356 | 12,342,285 | ||||||
| Housing Development Finance Corp., Ltd. |
967,025 | 35,258,279 | ||||||
| ITC, Ltd. |
4,457,872 | 14,068,188 | ||||||
| Kotak Mahindra Bank, Ltd. |
775,817 | 20,839,927 | ||||||
| SBI Life Insurance Co., Ltd. |
1,051,177 | 17,075,210 | ||||||
| Tata Consultancy Services, Ltd. |
639,070 | 32,387,621 | ||||||
| UltraTech Cement, Ltd. |
173,077 | 17,223,783 | ||||||
|
|
|
|||||||
| 149,195,293 | ||||||||
|
|
|
|||||||
| Indonesia—2.4% | ||||||||
| Bank Central Asia Tbk PT |
5,670,500 | 13,870,067 | ||||||
| Bank Rakyat Indonesia Persero Tbk PT |
51,590,011 | 13,711,235 | ||||||
|
|
|
|||||||
| 27,581,302 | ||||||||
|
|
|
|||||||
| Macau—0.5% | ||||||||
| Sands China, Ltd. (a) (b) |
2,808,000 | 5,754,575 | ||||||
|
|
|
|||||||
| Mexico—4.6% | ||||||||
| Fomento Economico Mexicano S.A.B. de C.V. (ADR) |
185,877 | 16,119,253 | ||||||
| Grupo Aeroportuario del Sureste S.A.B. de C.V. - Class B |
359,605 | 6,708,132 | ||||||
| Grupo Financiero Banorte S.A.B. de C.V. - Class O |
2,905,132 | 18,618,798 | ||||||
| Grupo Mexico S.A.B. de C.V. |
2,970,035 | 11,810,211 | ||||||
|
|
|
|||||||
| 53,256,394 | ||||||||
|
|
|
|||||||
| Netherlands—2.3% | ||||||||
| ASM International NV |
19,731 | 7,703,764 | ||||||
| ASML Holding NV |
25,858 | 19,074,730 | ||||||
|
|
|
|||||||
| 26,778,494 | ||||||||
|
|
|
|||||||
| Philippines—0.5% | ||||||||
| Bank of the Philippine Islands |
3,574,132 | 5,706,695 | ||||||
|
|
|
|||||||
| Poland—0.8% | ||||||||
| Allegro.eu S.A. (a) |
630,002 | 9,161,093 | ||||||
|
|
|
|||||||
| Russia—6.6% | ||||||||
| Lukoil PJSC (ADR) (b) |
206,966 | 19,591,402 | ||||||
| Novatek PJSC |
928,138 | 24,425,480 | ||||||
| Sberbank of Russia PJSC |
2,908,688 | 13,536,551 | ||||||
| TCS Group Holding plc (GDR) |
99,761 | 9,083,037 | ||||||
| Yandex NV - Class A (a) |
124,776 | 9,943,399 | ||||||
|
|
|
|||||||
| 76,579,869 | ||||||||
|
|
|
|||||||
| South Africa—1.0% | ||||||||
| Anglo American Platinum, Ltd. |
129,045 | 11,168,065 | ||||||
|
|
|
|||||||
| South Korea—4.0% | ||||||||
| Kakao Corp. |
47,071 | 4,611,218 | ||||||
| LG Chem, Ltd. |
34,244 | 22,368,112 | ||||||
| Samsung SDI Co., Ltd. |
32,220 | 19,382,292 | ||||||
|
|
|
|||||||
| 46,361,622 | ||||||||
|
|
|
|||||||
| Taiwan—12.2% | ||||||||
| Delta Electronics, Inc. |
1,256,000 | 11,299,287 | ||||||
| Hon Hai Precision Industry Co., Ltd. |
3,047,000 | 11,387,173 | ||||||
| Sea, Ltd. (ADR) (a) |
43,789 | 13,956,868 | ||||||
| Taiwan Semiconductor Manufacturing Co., Ltd. |
5,066,000 | 104,466,213 | ||||||
|
|
|
|||||||
| 141,109,541 | ||||||||
|
|
|
|||||||
| Total Common Stocks |
1,047,801,050 | |||||||
|
|
|
|||||||
BHFTI-103
Brighthouse Funds Trust I
Brighthouse/Aberdeen Emerging Markets Equity Portfolio
Schedule of Investments as of September 30, 2021 (Unaudited)
Preferred Stock—8.3%
| Security Description | Shares/ Principal |
Value | ||||||
| South Korea—8.3% | ||||||||
| Samsung Electronics Co., Ltd. |
1,647,408 | $ | 96,426,978 | |||||
|
|
|
|||||||
| Short-Term Investment—1.3% |
|
|||||||
| Repurchase Agreement—1.3% | ||||||||
| Fixed Income Clearing Corp. |
15,372,584 | 15,372,584 | ||||||
|
|
|
|||||||
| Total Short-Term Investments |
15,372,584 | |||||||
|
|
|
|||||||
| Securities Lending Reinvestments(c)—0.7% |
|
|||||||
| Repurchase Agreements—0.6% | ||||||||
| Barclays Bank plc |
1,200,000 | 1,200,000 | ||||||
| Barclays Capital, Inc. |
565,498 | 565,498 | ||||||
| Cantor Fitzgerald & Co. |
1,200,000 | 1,200,000 | ||||||
| CF Secured LLC |
1,200,000 | 1,200,000 | ||||||
| Deutsche Bank AG, London |
1,000,000 | 1,000,000 | ||||||
| Societe Generale |
500,000 | 500,000 | ||||||
| Repurchase Agreements—(Continued) | ||||||||
| Societe Generale |
1,000,000 | 1,000,000 | ||||||
|
|
|
|||||||
| 6,665,498 | ||||||||
|
|
|
|||||||
| Time Deposit—0.0% | ||||||||
| Landesbank Baden-Wuettertemberg (London) |
75,928 | 75,928 | ||||||
|
|
|
|||||||
| Mutual Funds—0.1% | ||||||||
| BlackRock Liquidity Funds FedFund, Institutional Shares |
500,000 | 500,000 | ||||||
| STIT-Government & Agency Portfolio, Institutional Class |
500,000 | 500,000 | ||||||
|
|
|
|||||||
| 1,000,000 | ||||||||
|
|
|
|||||||
| Total Securities Lending Reinvestments |
7,741,426 | |||||||
|
|
|
|||||||
| Total Investments—100.9% |
1,167,342,038 | |||||||
| Other assets and liabilities (net)—(0.9)% |
(10,737,716 | ) | ||||||
|
|
|
|||||||
| Net Assets—100.0% | $ | 1,156,604,322 | ||||||
|
|
|
|||||||
| * | Principal amount stated in U.S. dollars unless otherwise noted. | |
| (a) | Non-income producing security. | |
| (b) | All or a portion of the security was held on loan. As of September 30, 2021, the market value of securities loaned was $7,454,247 and the collateral received consisted of cash in the amount of $7,741,426. The cash collateral investments are disclosed in the Schedule of Investments and categorized as Securities Lending Reinvestments. | |
| (c) | Represents investment of cash collateral received from securities on loan as of September 30, 2021. | |
| (d) | The rate shown represents the annualized seven-day yield as of September 30, 2021. |
| Ten Largest Industries as of |
% of |
|||
| Semiconductors & Semiconductor Equipment |
13.5 | |||
| Banks |
11.6 | |||
| Internet & Direct Marketing Retail |
9.4 | |||
| Technology Hardware, Storage & Peripherals |
8.3 | |||
| Interactive Media & Services |
5.0 | |||
| Oil, Gas & Consumable Fuels |
3.8 | |||
| Electrical Equipment |
3.8 | |||
| Insurance |
3.7 | |||
| Electronic Equipment, Instruments & Components |
3.6 | |||
| IT Services |
3.4 | |||
Glossary of Abbreviations
Other Abbreviations
| (ADR)— | American Depositary Receipt | |
| (GDR)— | Global Depositary Receipt |
BHFTI-104
Brighthouse Funds Trust I
Brighthouse/Aberdeen Emerging Markets Equity Portfolio
Schedule of Investments as of September 30, 2021 (Unaudited)
Fair Value Hierarchy
Accounting principles generally accepted in the United States of America (“GAAP”) define fair market value as the price that the Portfolio would receive to sell an asset or pay to transfer a liability in an orderly transaction between market participants at the measurement date. It establishes a fair value hierarchy that prioritizes inputs to valuation methods and requires disclosure of the fair value hierarchy, separately for each major category of assets and liabilities, that segregates fair value measurements into three levels. Levels 1, 2 and 3 of the fair value hierarchy are defined as follows:
Level 1 - unadjusted quoted prices in active markets for identical investments
Level 2 - other significant observable inputs (including, but not limited to, quoted prices for similar assets or liabilities in markets that are either active or inactive; inputs other than quoted prices that are observable such as interest rates, yield curves, volatilities, prepayment speeds, loss severities, credit risks, default rates, or other market corroborated inputs)
Level 3 - significant unobservable inputs based on the best information available in the circumstances, to the extent observable inputs are unavailable (including the Portfolio’s own assumptions used in determining the fair value of investments and derivative financial instruments)
The inputs or methodologies used for valuing investments are not necessarily an indication of the risk associated with investing in them. Changes to the inputs or methodologies used may result in transfers between levels. A reconciliation of Level 3 securities, if any, will be disclosed following the fair value hierarchy table. For more information about the Portfolio’s policy regarding the valuation of investments, please refer to the Notes to Schedule of Investments.
The following table summarizes the fair value hierarchy of the Portfolio’s investments as of September 30, 2021:
| Description | Level 1 | Level 2 | Level 3 | Total | ||||||||||||
| Common Stocks |
| |||||||||||||||
| Argentina |
$ | 14,400,855 | $ | — | $ | — | $ | 14,400,855 | ||||||||
| Austria |
— | 15,498,468 | — | 15,498,468 | ||||||||||||
| Brazil |
50,247,305 | — | — | 50,247,305 | ||||||||||||
| China |
— | 377,606,514 | — | 377,606,514 | ||||||||||||
| Hong Kong |
— | 37,394,965 | — | 37,394,965 | ||||||||||||
| India |
— | 149,195,293 | — | 149,195,293 | ||||||||||||
| Indonesia |
— | 27,581,302 | — | 27,581,302 | ||||||||||||
| Macau |
— | 5,754,575 | — | 5,754,575 | ||||||||||||
| Mexico |
53,256,394 | — | — | 53,256,394 | ||||||||||||
| Netherlands |
— | 26,778,494 | — | 26,778,494 | ||||||||||||
| Philippines |
— | 5,706,695 | — | 5,706,695 | ||||||||||||
| Poland |
— | 9,161,093 | — | 9,161,093 | ||||||||||||
| Russia |
29,534,801 | 47,045,068 | — | 76,579,869 | ||||||||||||
| South Africa |
— | 11,168,065 | — | 11,168,065 | ||||||||||||
| South Korea |
— | 46,361,622 | — | 46,361,622 | ||||||||||||
| Taiwan |
13,956,868 | 127,152,673 | — | 141,109,541 | ||||||||||||
| Total Common Stocks |
161,396,223 | 886,404,827 | — | 1,047,801,050 | ||||||||||||
| Total Preferred Stock* |
— | 96,426,978 | — | 96,426,978 | ||||||||||||
| Total Short-Term Investment* |
— | 15,372,584 | — | 15,372,584 | ||||||||||||
| Securities Lending Reinvestments |
| |||||||||||||||
| Repurchase Agreements |
— | 6,665,498 | — | 6,665,498 | ||||||||||||
| Time Deposit |
— | 75,928 | — | 75,928 | ||||||||||||
| Mutual Funds |
1,000,000 | — | — | 1,000,000 | ||||||||||||
| Total Securities Lending Reinvestments |
1,000,000 | 6,741,426 | — | 7,741,426 | ||||||||||||
| Total Investments |
$ | 162,396,223 | $ | 1,004,945,815 | $ | — | $ | 1,167,342,038 | ||||||||
| Collateral for Securities Loaned (Liability) |
$ | — | $ | (7,741,426 | ) | $ | — | $ | (7,741,426 | ) | ||||||
| * | See Schedule of Investments for additional detailed categorizations. | |||
BHFTI-105
Brighthouse Funds Trust I
Brighthouse/Artisan International Portfolio
Schedule of Investments as of September 30, 2021 (Unaudited)
Common Stocks—90.6% of Net Assets
| Security Description | Shares | Value | ||||||
| Argentina—1.1% | ||||||||
| MercadoLibre, Inc. (a) |
7,656 | $ | 12,857,486 | |||||
|
|
|
|||||||
| Belgium—2.2% | ||||||||
| UCB S.A. |
237,637 | 26,440,706 | ||||||
|
|
|
|||||||
| Canada—2.8% | ||||||||
| Canadian Pacific Railway, Ltd. (b) |
334,600 | 21,849,650 | ||||||
| Kinaxis, Inc. (a) |
86,700 | 12,508,730 | ||||||
|
|
|
|||||||
| 34,358,380 | ||||||||
|
|
|
|||||||
| Denmark—4.6% | ||||||||
| Ascendis Pharma A/S (ADR) (a) |
137,568 | 21,926,964 | ||||||
| DSV Panalpina A/S |
74,308 | 17,740,760 | ||||||
| Genmab A/S (a) |
38,075 | 16,634,373 | ||||||
|
|
|
|||||||
| 56,302,097 | ||||||||
|
|
|
|||||||
| France—8.3% | ||||||||
| Air Liquide S.A. |
188,052 | 30,089,652 | ||||||
| BNP Paribas S.A. |
591,051 | 37,860,018 | ||||||
| Capgemini SE |
157,945 | 32,847,846 | ||||||
|
|
|
|||||||
| 100,797,516 | ||||||||
|
|
|
|||||||
| Germany—18.5% | ||||||||
| Allianz SE |
117,258 | 26,446,805 | ||||||
| Auto1 Group SE (144A) (a) |
70,805 | 2,588,646 | ||||||
| Bayerische Motoren Werke AG |
145,784 | 13,992,918 | ||||||
| Brenntag SE |
270,784 | 25,259,390 | ||||||
| Deutsche Boerse AG |
247,188 | 40,238,847 | ||||||
| Deutsche Post AG |
599,426 | 37,779,725 | ||||||
| Deutsche Telekom AG |
1,887,285 | 38,051,744 | ||||||
| MTU Aero Engines AG |
66,560 | 15,050,019 | ||||||
| Siemens AG |
156,765 | 25,768,546 | ||||||
|
|
|
|||||||
| 225,176,640 | ||||||||
|
|
|
|||||||
| Hong Kong—0.4% | ||||||||
| AIA Group, Ltd. |
402,172 | 4,630,665 | ||||||
|
|
|
|||||||
| India—1.4% | ||||||||
| Reliance Industries, Ltd. |
490,811 | 16,543,595 | ||||||
|
|
|
|||||||
| Ireland—1.2% | ||||||||
| CRH plc |
181,912 | 8,485,466 | ||||||
| ICON plc (a) |
22,858 | 5,989,253 | ||||||
|
|
|
|||||||
| 14,474,719 | ||||||||
|
|
|
|||||||
| Israel—3.9% | ||||||||
| Nice, Ltd. (ADR) (a) (b) |
166,259 | 47,224,206 | ||||||
|
|
|
|||||||
| Italy—1.5% | ||||||||
| Intesa Sanpaolo S.p.A. |
6,316,113 | 17,918,903 | ||||||
|
|
|
|||||||
| Japan—3.7% | ||||||||
| Hoya Corp. |
125,175 | 19,577,109 | ||||||
| Sony Group Corp. |
223,600 | 24,900,416 | ||||||
|
|
|
|||||||
| 44,477,525 | ||||||||
|
|
|
|||||||
| Security Description | Shares | Value | ||||||
| Netherlands—8.5% | ||||||||
| Argenx SE (a) |
866 | $ | 261,356 | |||||
| Argenx SE (ADR) (a) |
62,603 | 18,906,106 | ||||||
| ING Groep NV |
1,895,855 | 27,516,772 | ||||||
| Koninklijke DSM NV (b) |
219,486 | 43,870,604 | ||||||
| Koninklijke Philips NV |
295,367 | 13,091,519 | ||||||
|
|
|
|||||||
| 103,646,357 | ||||||||
|
|
|
|||||||
| Portugal—0.3% | ||||||||
| EDP - Energias de Portugal S.A. |
651,893 | 3,419,631 | ||||||
|
|
|
|||||||
| Russia—2.5% | ||||||||
| MMC Norilsk Nickel PJSC (ADR) |
638,577 | 18,903,365 | ||||||
| Sberbank of Russia PJSC (ADR) |
620,758 | 11,639,212 | ||||||
|
|
|
|||||||
| 30,542,577 | ||||||||
|
|
|
|||||||
| Spain—1.1% | ||||||||
| Ferrovial S.A. |
442,340 | 12,828,902 | ||||||
|
|
|
|||||||
| Switzerland—8.3% | ||||||||
| Adecco Group AG |
148,742 | 7,449,134 | ||||||
| Alcon, Inc. |
35,822 | 2,901,927 | ||||||
| Barry Callebaut AG |
5,009 | 11,332,511 | ||||||
| Idorsia, Ltd. (144A) (a) (b) |
183,188 | 4,429,529 | ||||||
| Lonza Group AG |
18,431 | 13,808,337 | ||||||
| Medacta Group S.A. (a) |
63,563 | 9,897,964 | ||||||
| Nestle S.A. |
188,488 | 22,678,670 | ||||||
| Roche Holding AG |
77,211 | 28,174,580 | ||||||
|
|
|
|||||||
| 100,672,652 | ||||||||
|
|
|
|||||||
| Taiwan—1.0% | ||||||||
| Taiwan Semiconductor Manufacturing Co., Ltd. |
619,000 | 12,764,427 | ||||||
|
|
|
|||||||
| United Kingdom—10.4% | ||||||||
| AVEVA Group plc |
353,987 | 17,096,168 | ||||||
| Barclays plc |
12,502,793 | 31,886,949 | ||||||
| Diageo plc |
159,606 | 7,690,304 | ||||||
| HSBC Holdings plc |
879,600 | 4,540,666 | ||||||
| International Consolidated Airlines Group S.A. (a) |
7,481,114 | 17,923,204 | ||||||
| Linde plc (a) |
158,889 | 47,242,526 | ||||||
|
|
|
|||||||
| 126,379,817 | ||||||||
|
|
|
|||||||
| United States—8.9% | ||||||||
| Accenture plc - Class A |
36,976 | 11,829,362 | ||||||
| Alphabet, Inc. - Class A (a) |
10,255 | 27,416,948 | ||||||
| Alphabet, Inc. - Class C (a) |
4,651 | 12,396,357 | ||||||
| Amazon.com, Inc. (a) |
9,955 | 32,702,573 | ||||||
| Aon plc - Class A |
85,069 | 24,310,168 | ||||||
|
|
|
|||||||
| 108,655,408 | ||||||||
|
|
|
|||||||
| Total Common Stocks |
1,100,112,209 | |||||||
|
|
|
|||||||
BHFTI-106
Brighthouse Funds Trust I
Brighthouse/Artisan International Portfolio
Schedule of Investments as of September 30, 2021 (Unaudited)
Preferred Stocks—3.2%
| Security Description | Shares/ Principal |
Value | ||||||
| Brazil—0.5% | ||||||||
| Azul S.A. (a) |
833,300 | $ | 5,571,400 | |||||
|
|
|
|||||||
| Germany—2.7% | ||||||||
| Porsche Automobil Holding SE |
96,610 | 9,627,584 | ||||||
| Volkswagen AG |
103,497 | 23,184,844 | ||||||
|
|
|
|||||||
| 32,812,428 | ||||||||
|
|
|
|||||||
| Total Preferred Stocks |
38,383,828 | |||||||
|
|
|
|||||||
| Equity Linked Security—2.6% |
| |||||||
| United Kingdom—2.6% | ||||||||
| Ryanair Holdings plc (HSBC Bank plc), Expires 10/29/21 (a) (c) |
1,683,445 | 31,843,800 | ||||||
|
|
|
|||||||
| Short-Term Investment—3.4% |
| |||||||
| Repurchase Agreement—3.4% | ||||||||
| Fixed Income Clearing Corp. |
41,673,325 | 41,673,325 | ||||||
|
|
|
|||||||
| Total Short-Term Investments |
41,673,325 | |||||||
|
|
|
|||||||
| Securities Lending Reinvestments (d)—0.4% |
| |||||||
| Repurchase Agreements—0.3% | ||||||||
| Barclays Bank plc |
700,000 | 700,000 | ||||||
| Barclays Capital, Inc. |
645,009 | 645,009 | ||||||
| Cantor Fitzgerald & Co. |
750,000 | 750,000 | ||||||
| CF Secured LLC |
300,000 | 300,000 | ||||||
| Repurchase Agreements—(Continued) | ||||||||
| Deutsche Bank AG, London |
97,627 | 97,627 | ||||||
| ING Financial Markets LLC |
100,000 | 100,000 | ||||||
| Societe Generale | ||||||||
| Repurchase Agreement dated 09/30/21 at 0.170%, due on 10/01/21 with a maturity value of $700,003; collateralized by various Common Stock with an aggregate market value of $777,793. |
700,000 | 700,000 | ||||||
| Repurchase Agreement dated 09/30/21 at 0.200%, due on 10/07/21 with a maturity value of $203,260; collateralized by various Common Stock with an aggregate market value of $225,840. |
203,252 | 203,252 | ||||||
|
|
|
|||||||
| 3,495,888 | ||||||||
|
|
|
|||||||
| Time Deposit—0.0% | ||||||||
| Landesbank Baden-Wuettertemberg (London) 0.130%, 10/01/21 |
43,493 | 43,493 | ||||||
|
|
|
|||||||
| Mutual Funds—0.1% | ||||||||
| BlackRock Liquidity Funds FedFund, Institutional Shares |
350,000 | 350,000 | ||||||
| Goldman Sachs Financial Square Government Fund, Institutional Shares 0.030% (e) |
100,000 | 100,000 | ||||||
| STIT-Government & Agency Portfolio, Institutional Class |
100,000 | 100,000 | ||||||
| Wells Fargo Government Money Market Fund, Select Class |
100,000 | 100,000 | ||||||
|
|
|
|||||||
| 650,000 | ||||||||
|
|
|
|||||||
| Total Securities Lending Reinvestments |
4,189,381 | |||||||
|
|
|
|||||||
| Total Investments—100.2% |
1,216,202,543 | |||||||
| Other assets and liabilities (net)—(0.2)% |
(2,460,739 | ) | ||||||
|
|
|
|||||||
| Net Assets—100.0% | $ | 1,213,741,804 | ||||||
|
|
|
|||||||
BHFTI-107
Brighthouse Funds Trust I
Brighthouse/Artisan International Portfolio
Schedule of Investments as of September 30, 2021 (Unaudited)
| * | Principal amount stated in U.S. dollars unless otherwise noted. | |||
| (a) | Non-income producing security. | |||
| (b) | All or a portion of the security was held on loan. As of September 30, 2021, the market value of securities loaned was $19,671,865 and the collateral received consisted of cash in the amount of $4,189,381 and non-cash collateral with a value of $16,472,636. The cash collateral investments are disclosed in the Schedule of Investments and categorized as Securities Lending Reinvestments. The non-cash collateral received consists of U.S. government securities that are held in safe-keeping by the lending agent, or a third- party custodian, and cannot be sold or repledged by the Portfolio. | |||
| (c) | Security whose performance, including redemption at maturity, is linked to the price of the underlying equity security. The investment is subject to credit risk of the issuing financial institution (HSBC Bank plc) in addition to the market risk of the underlying security. | |||
| (d) | Represents investment of cash collateral received from securities on loan as of September 30, 2021. | |||
| (e) | The rate shown represents the annualized seven-day yield as of September 30, 2021. | |||
| (144A)— | Securities exempt from registration under Rule 144A of the Securities Act of 1933. These securities may be resold in transactions exempt from registration, normally to qualified institutional buyers. As of September 30, 2021, the market value of 144A securities was $7,018,175, which is 0.6% of net assets. | |||
| Ten Largest Industries as of |
% of |
|||
| Banks |
10.8 | |||
| Chemicals |
10.0 | |||
| Software |
6.3 | |||
| Biotechnology |
5.1 | |||
| Air Freight & Logistics |
4.6 | |||
| Insurance |
4.6 | |||
| Airlines |
4.6 | |||
| Pharmaceuticals |
4.5 | |||
| Automobiles |
3.9 | |||
| Internet & Direct Marketing Retail |
3.8 | |||
Glossary of Abbreviations
Other Abbreviations
| (ADR)— | American Depositary Receipt | |||
Fair Value Hierarchy
Accounting principles generally accepted in the United States of America (“GAAP”) define fair market value as the price that the Portfolio would receive to sell an asset or pay to transfer a liability in an orderly transaction between market participants at the measurement date. It establishes a fair value hierarchy that prioritizes inputs to valuation methods and requires disclosure of the fair value hierarchy, separately for each major category of assets and liabilities, that segregates fair value measurements into three levels. Levels 1, 2 and 3 of the fair value hierarchy are defined as follows:
Level 1 - unadjusted quoted prices in active markets for identical investments
Level 2 - other significant observable inputs (including, but not limited to, quoted prices for similar assets or liabilities in markets that are either active or inactive; inputs other than quoted prices that are observable such as interest rates, yield curves, volatilities, prepayment speeds, loss severities, credit risks, default rates, or other market corroborated inputs)
Level 3 - significant unobservable inputs based on the best information available in the circumstances, to the extent observable inputs are unavailable (including the Portfolio’s own assumptions used in determining the fair value of investments and derivative financial instruments)
The inputs or methodologies used for valuing investments are not necessarily an indication of the risk associated with investing in them. Changes to the inputs or methodologies used may result in transfers between levels. A reconciliation of Level 3 securities, if any, will be disclosed following the fair value hierarchy table. For more information about the Portfolio’s policy regarding the valuation of investments, please refer to the Notes to Schedule of Investments.
The following table summarizes the fair value hierarchy of the Portfolio’s investments as of September 30, 2021:
| Description | Level 1 | Level 2 | Level 3 | Total | ||||||||||||
| Common Stocks |
| |||||||||||||||
| Argentina |
$ | 12,857,486 | $ | — | $ | — | $ | 12,857,486 | ||||||||
| Belgium |
— | 26,440,706 | — | 26,440,706 | ||||||||||||
| Canada |
34,358,380 | — | — | 34,358,380 | ||||||||||||
| Denmark |
21,926,964 | 34,375,133 | — | 56,302,097 | ||||||||||||
| France |
— | 100,797,516 | — | 100,797,516 | ||||||||||||
| Germany |
— | 225,176,640 | — | 225,176,640 | ||||||||||||
| Hong Kong |
— | 4,630,665 | — | 4,630,665 | ||||||||||||
| India |
— | 16,543,595 | — | 16,543,595 | ||||||||||||
| Ireland |
5,989,253 | 8,485,466 | — | 14,474,719 | ||||||||||||
| Israel |
47,224,206 | — | — | 47,224,206 | ||||||||||||
| Italy |
— | 17,918,903 | — | 17,918,903 | ||||||||||||
| Japan |
— | 44,477,525 | — | 44,477,525 | ||||||||||||
BHFTI-108
Brighthouse Funds Trust I
Brighthouse/Artisan International Portfolio
Schedule of Investments as of September 30, 2021 (Unaudited)
Fair Value Hierarchy—(Continued)
| Description | Level 1 | Level 2 | Level 3 | Total | ||||||||||||
| Netherlands |
$ | 18,906,106 | $ | 84,740,251 | $ | — | $ | 103,646,357 | ||||||||
| Portugal |
— | 3,419,631 | — | 3,419,631 | ||||||||||||
| Russia |
11,639,212 | 18,903,365 | — | 30,542,577 | ||||||||||||
| Spain |
— | 12,828,902 | — | 12,828,902 | ||||||||||||
| Switzerland |
— | 100,672,652 | — | 100,672,652 | ||||||||||||
| Taiwan |
— | 12,764,427 | — | 12,764,427 | ||||||||||||
| United Kingdom |
— | 126,379,817 | — | 126,379,817 | ||||||||||||
| United States |
108,655,408 | — | — | 108,655,408 | ||||||||||||
| Total Common Stocks |
261,557,015 | 838,555,194 | — | 1,100,112,209 | ||||||||||||
| Preferred Stocks |
| |||||||||||||||
| Brazil |
5,571,400 | — | — | 5,571,400 | ||||||||||||
| Germany |
— | 32,812,428 | — | 32,812,428 | ||||||||||||
| Total Preferred Stocks |
5,571,400 | 32,812,428 | — | 38,383,828 | ||||||||||||
| Total Equity Linked Security* |
— | 31,843,800 | — | 31,843,800 | ||||||||||||
| Total Short-Term Investment* |
— | 41,673,325 | — | 41,673,325 | ||||||||||||
| Securities Lending Reinvestments |
| |||||||||||||||
| Repurchase Agreements |
— | 3,495,888 | — | 3,495,888 | ||||||||||||
| Time Deposit |
— | 43,493 | — | 43,493 | ||||||||||||
| Mutual Funds |
650,000 | — | — | 650,000 | ||||||||||||
| Total Securities Lending Reinvestments |
650,000 | 3,539,381 | — | 4,189,381 | ||||||||||||
| Total Investments |
$ | 267,778,415 | $ | 948,424,128 | $ | — | $ | 1,216,202,543 | ||||||||
| Collateral for Securities Loaned (Liability) |
$ | — | $ | (4,189,381 | ) | $ | — | $ | (4,189,381 | ) | ||||||
| * | See Schedule of Investments for additional detailed categorizations. | |||
BHFTI-109
Brighthouse Funds Trust I
Brighthouse/Eaton Vance Floating Rate Portfolio
Schedule of Investments as of September 30, 2021 (Unaudited)
Floating Rate Loans (a)—93.3% of Net Assets
| Security Description | Principal Amount* |
Value | ||||||
| Advertising—0.3% | ||||||||
| Outfront Media Capital LLC |
925,000 | $ | 914,160 | |||||
| Terrier Media Buyer, Inc. |
1,572,120 | 1,570,700 | ||||||
|
|
|
|||||||
| 2,484,860 | ||||||||
|
|
|
|||||||
| Aerospace/Defense—1.7% | ||||||||
| AI Convoy (Luxembourg) S.a.r.l. |
615,529 | 617,516 | ||||||
| Dynasty Acquisition Co., Inc. |
2,245,400 | 2,200,647 | ||||||
| Term Loan B2, 3.632%, 3M LIBOR + 3.500%, 04/06/26 |
1,207,299 | 1,183,237 | ||||||
| Spirit Aerosystems, Inc. |
397,000 | 399,977 | ||||||
| TransDigm, Inc. |
1,642,264 | 1,626,157 | ||||||
| Term Loan F, 2.334%, 1M LIBOR + 2.250%, 12/09/25 |
4,841,605 | 4,786,382 | ||||||
| WP CPP Holdings LLC |
2,604,091 | 2,535,734 | ||||||
|
|
|
|||||||
| 13,349,650 | ||||||||
|
|
|
|||||||
| Airlines—0.5% | ||||||||
| AAdvantage Loyalty, IP Ltd. |
1,000,000 | 1,034,786 | ||||||
| Mileage Plus Holdings LLC |
725,000 | 770,615 | ||||||
| SkyMiles IP, Ltd. |
1,900,000 | 2,022,668 | ||||||
|
|
|
|||||||
| 3,828,069 | ||||||||
|
|
|
|||||||
| Auto Manufacturers—0.1% | ||||||||
| American Trailer World Corp. |
1,122,188 | 1,118,213 | ||||||
|
|
|
|||||||
| Auto Parts & Equipment—2.7% | ||||||||
| Adient U.S. LLC |
897,750 | 899,113 | ||||||
| American Axle & Manufacturing, Inc. |
1,568,426 | 1,569,080 | ||||||
| Autokiniton US Holdings, Inc. |
1,747,063 | 1,750,557 | ||||||
| Clarios Global L.P. |
3,528,743 | 3,516,611 | ||||||
| CS Intermediate Holdco 2 LLC |
1,247,965 | 1,197,852 | ||||||
| Dayco Products LLC |
957,500 | 933,861 | ||||||
| Delachaux S.A. |
392,000 | 392,490 | ||||||
| DexKo Global, Inc. | ||||||||
| Term Loan, 09/22/28 (b) |
144,000 | 144,060 | ||||||
| Term Loan B, 09/23/28 (b) |
756,000 | 756,315 | ||||||
| Term Loan, 4.250%, 1W LIBOR + 3.250%, 07/24/24 |
1,728,046 | 1,728,665 | ||||||
| Auto Parts & Equipment—(Continued) | ||||||||
| Garrett LX I S.a r.l. |
675,000 | 675,844 | ||||||
| Goodyear Tire & Rubber Co. (The) |
2,433,333 | 2,410,521 | ||||||
| Tenneco, Inc. |
3,233,563 | 3,211,910 | ||||||
| TI Group Automotive Systems, LLC |
646,750 | 648,771 | ||||||
| Truck Hero, Inc. |
1,094,500 | 1,093,473 | ||||||
| Wheel Pros, LLC |
950,000 | 950,972 | ||||||
|
|
|
|||||||
| 21,880,095 | ||||||||
|
|
|
|||||||
| Beverages—0.4% | ||||||||
| Arterra Wines Canada, Inc. |
918,063 | 919,305 | ||||||
| City Brewing Co. LLC Closing Date |
800,000 | 793,500 | ||||||
| Triton Water Holdings, Inc. |
1,296,750 | 1,296,548 | ||||||
|
|
|
|||||||
| 3,009,353 | ||||||||
|
|
|
|||||||
| Building Materials—2.1% | ||||||||
| ACProducts, Inc. |
1,870,313 | 1,870,647 | ||||||
| Cornerstone Building Brands, Inc. |
796,000 | 795,917 | ||||||
| CP Atlas Buyer, Inc. |
1,394,625 | 1,392,990 | ||||||
| CPG International, Inc. |
1,091,837 | 1,093,592 | ||||||
| Ingersoll-Rand Services Co. |
1,206,625 | 1,192,579 | ||||||
| MI Windows and Doors LLC |
421,813 | 423,263 | ||||||
| Quikrete Holdings, Inc. |
2,300,000 | 2,295,368 | ||||||
| 1st Lien Term Loan, 2.584%, 1M LIBOR + |
4,235,600 | 4,205,870 | ||||||
| Standard Industries, Inc. |
1,925,000 | 1,928,477 | ||||||
| Summit Materials Cos. I LLC |
1,540,000 | 1,538,900 | ||||||
|
|
|
|||||||
| 16,737,603 | ||||||||
|
|
|
|||||||
| Chemicals—3.6% | ||||||||
| Aruba Investments, Inc. |
671,625 | 674,563 | ||||||
| Atotech B.V. |
947,625 | 947,388 | ||||||
| Axalta Coating Systems U.S. Holdings, Inc. |
2,796,869 | 2,792,279 | ||||||
BHFTI-110
Brighthouse Funds Trust I
Brighthouse/Eaton Vance Floating Rate Portfolio
Schedule of Investments as of September 30, 2021 (Unaudited)
Floating Rate Loans (a) —(Continued)
| Security Description | Principal Amount* |
Value | ||||||
| Chemicals—(Continued) | ||||||||
| CPC Acquisition Corp. |
696,500 | $ | 695,194 | |||||
| Ferro Corp. | ||||||||
| Term Loan B1, 2.382%, 3M LIBOR + 2.250%, 02/14/24 |
172,067 | 171,892 | ||||||
| Term Loan B2, 2.382%, 3M LIBOR + 2.250%, 02/14/24 |
137,245 | 137,106 | ||||||
| Term Loan B3, 2.382%, 3M LIBOR + 2.250%, 02/14/24 |
134,325 | 134,189 | ||||||
| Flint Group GmbH |
133,095 | 133,483 | ||||||
| Flint Group U.S. LLC |
805,118 | 807,464 | ||||||
| HB Fuller Co. |
599,470 | 600,730 | ||||||
| Hexion, Inc. |
1,637,313 | 1,639,359 | ||||||
| Illuminate Buyer LLC |
708,670 | 708,670 | ||||||
| INEOS Enterprises Holdings U.S. Finco LLC |
181,210 | 181,946 | ||||||
| INEOS Styrolution U.S. Holding LLC |
2,294,250 | 2,297,978 | ||||||
| INEOS U.S. Finance LLC |
3,007,689 | 2,992,885 | ||||||
| LSF11 Skyscraper Holdco S.a r.l. |
1,965,137 | 1,968,822 | ||||||
| Messer Industries GmbH |
1,627,035 | 1,620,933 | ||||||
| Minerals Technologies, Inc. |
746,474 | 748,807 | ||||||
| Orion Engineered Carbons GmbH |
425,000 | 427,678 | ||||||
| PQ Corp. |
2,304,225 | 2,309,085 | ||||||
| Starfruit Finco B.V. |
2,488,006 | 2,474,456 | ||||||
| Trinseo Materials Operating S.C.A. |
897,750 | 895,954 | ||||||
| Tronox Finance LLC |
1,656,000 | 1,651,688 | ||||||
| Venator Materials Corp. |
816,000 | 806,820 | ||||||
| W.R. Grace & Co. |
1,250,000 | 1,255,860 | ||||||
|
|
|
|||||||
| 29,075,229 | ||||||||
|
|
|
|||||||
| Coal—0.1% | ||||||||
| American Consolidated Natural Resources, Inc. |
399,767 | 408,886 | ||||||
| Oxbow Carbon LLC |
308,750 | 310,294 | ||||||
|
|
|
|||||||
| 719,180 | ||||||||
|
|
|
|||||||
| Commercial Services—6.9% | ||||||||
| AEA International Holdings (Lux) S.a.r.l. |
1,150,000 | 1,151,438 | ||||||
| Commercial Services—(Continued) | ||||||||
| AlixPartners LLP |
1,417,875 | 1,415,304 | ||||||
| Allied Universal Holdco LLC |
2,839,063 | 2,844,562 | ||||||
| Amentum Government Services Holdings LLC |
864,063 | 864,782 | ||||||
| American Residential Services LLC |
545,875 | 546,216 | ||||||
| APi Group DE, Inc. |
1,235,000 | 1,230,112 | ||||||
| Belron Finance U.S. LLC |
870,625 | 868,811 | ||||||
| CCRR Parent, Inc |
447,750 | 449,849 | ||||||
| CHG Healthcare Services, Inc. |
1,200,000 | 1,200,000 | ||||||
| CoreLogic, Inc. |
5,300,000 | 5,294,037 | ||||||
| EAB Global, Inc. |
1,275,000 | 1,271,415 | ||||||
| Electro Rent Corp. |
1,511,235 | 1,514,698 | ||||||
| Employbridge LLC |
1,625,000 | 1,615,351 | ||||||
| Ensemble RCM, LLC |
2,252,139 | 2,259,177 | ||||||
| Foundational Education Group, Inc. |
600,000 | 599,250 | ||||||
| Garda World Security Corp. |
2,303,894 | 2,309,449 | ||||||
| Hertz Corp. (The) | ||||||||
| Term Loan B, 4.000%, 1M LIBOR + 3.500%, 06/30/28 |
1,112,100 | 1,114,098 | ||||||
| Term Loan C, 4.000%, 1M LIBOR + 3.500%, 06/30/28 |
210,113 | 210,491 | ||||||
| IRI Holdings, Inc. |
4,449,608 | 4,451,993 | ||||||
| KUEHG Corp. |
1,393,215 | 1,382,040 | ||||||
| Monitronics International, Inc. |
1,281,948 | 1,260,582 | ||||||
| Nielsen Consumer, Inc. |
671,625 | 674,312 | ||||||
| Parexel International Corp. |
1,633,491 | 1,632,795 | ||||||
| Prime Security Services Borrower LLC |
2,295,856 | 2,295,856 | ||||||
| PSC Industrial Holdings Corp. |
1,612,188 | 1,612,818 | ||||||
| RDV Resources Properties, LLC |
332,026 | 224,118 | ||||||
BHFTI-111
Brighthouse Funds Trust I
Brighthouse/Eaton Vance Floating Rate Portfolio
Schedule of Investments as of September 30, 2021 (Unaudited)
Floating Rate Loans (a) —(Continued)
| Security Description | Principal Amount* |
Value | ||||||
| Commercial Services—(Continued) | ||||||||
| Sabre GLBL, Inc. | ||||||||
| Term Loan B, 2.084%, 1M LIBOR + 2.000%, 02/22/24 |
896,290 | $ | 886,991 | |||||
| Term Loan B1, 4.000%, 1M LIBOR + 3.500%, 12/17/27 |
307,626 | 305,751 | ||||||
| Term Loan B2, 4.000%, 1M LIBOR + 3.500%, 12/17/27 |
490,366 | 487,378 | ||||||
| Sotheby’s |
378,386 | 380,121 | ||||||
| Spin Holdco, Inc. |
4,029,750 | 4,045,490 | ||||||
| Syniverse Holdings, Inc. 1st Lien |
916,750 | 917,862 | ||||||
| Team Health Holdings, Inc. |
1,862,250 | 1,821,014 | ||||||
| Trans Union LLC |
2,017,520 | 2,006,928 | ||||||
| TruGreen L.P. |
545,875 | 547,035 | ||||||
| TTF Holdings, LLC |
420,750 | 421,276 | ||||||
| Verscend Holding Corp. |
2,059,208 | 2,064,870 | ||||||
| Victory Capital Holdings, Inc. |
778,968 | 777,410 | ||||||
| Wex. Inc. |
447,750 | 446,258 | ||||||
|
|
|
|||||||
| 55,401,938 | ||||||||
|
|
|
|||||||
| Computers—2.4% | ||||||||
| Imprivata, Inc. |
1,069,625 | 1,071,096 | ||||||
| Magenta Buyer LLC |
4,550,000 | 4,556,825 | ||||||
| USD 2nd Lien Term Loan, 9.000%, 3M LIBOR + |
1,075,000 | 1,073,656 | ||||||
| NCR Corp. |
1,392,938 | 1,382,490 | ||||||
| Panther Commercial Holdings L.P. |
598,500 | 601,493 | ||||||
| Redstone Buyer LLC |
2,400,000 | 2,368,999 | ||||||
| SITEL Worldwide Corp. |
2,025,000 | 2,030,063 | ||||||
| Tempo Acquisition LLC |
1,556,096 | 1,561,737 | ||||||
| Valkyr Purchaser LLC |
671,625 | 672,884 | ||||||
| Verifone Systems, Inc. |
2,776,990 | 2,728,046 | ||||||
| Vision Solutions, Inc. |
900,000 | 899,719 | ||||||
| Western Digital Corp. |
844,335 | 845,390 | ||||||
|
|
|
|||||||
| 19,792,398 | ||||||||
|
|
|
|||||||
| Cosmetics/Personal Care—0.6% | ||||||||
| Conair Holdings LLC |
1,600,000 | 1,603,166 | ||||||
| Journey Personal Care Corp. |
1,072,313 | 1,075,887 | ||||||
| Sunshine Luxembourg ViII S.a.r.l |
1,940,250 | 1,947,683 | ||||||
|
|
|
|||||||
| 4,626,736 | ||||||||
|
|
|
|||||||
| Distribution/Wholesale—1.0% | ||||||||
| American Builders & Contractors Supply Co., Inc. |
5,708,500 | 5,679,135 | ||||||
| Core & Main L.P. |
1,450,000 | 1,446,677 | ||||||
| KAR Auction Services, Inc. |
539,000 | 530,915 | ||||||
| Protective Industrial Products, Inc. |
498,750 | 498,750 | ||||||
|
|
|
|||||||
| 8,155,477 | ||||||||
|
|
|
|||||||
| Diversified Financial Services—4.6% | ||||||||
| Advisor Group, Inc. |
1,474,981 | 1,479,088 | ||||||
| Aretec Group, Inc. |
3,635,145 | 3,630,602 | ||||||
| Astra Acquisition Corp. |
765,342 | 769,168 | ||||||
| Avolon TLB Borrower 1 (U.S.) LLC | ||||||||
| Term Loan B3, 2.500%, 1M LIBOR + 1.750%, 01/15/25 |
2,062,580 | 2,055,951 | ||||||
| Term Loan B5, 2.750%, 1M LIBOR + 2.250%, 12/01/27 |
1,687,250 | 1,689,886 | ||||||
| Citco Funding LLC |
2,933,000 | 2,933,000 | ||||||
| Clipper Acquisitions Corp. |
1,085,794 | 1,075,840 | ||||||
| Deerfield Dakota Holding LLC |
1,876,250 | 1,884,123 | ||||||
| Delos Finance S.a.r.l. |
1,872,500 | 1,873,378 | ||||||
| Ditech Holding Corp. |
1,824,660 | 364,932 | ||||||
| Edelman Financial Center LLC |
1,745,625 | 1,744,379 | ||||||
| Fiserv Investment Solutions, Inc. |
493,750 | 495,061 | ||||||
| Focus Financial Partners LLC |
3,465,992 | 3,446,256 | ||||||
| Delayed Draw Term Loan, 2.500%, 06/24/28 (d) |
192,188 | 191,443 | ||||||
| Term Loan, 3.000%, 1M LIBOR + 2.500%, 07/01/28 |
830,730 | 827,511 | ||||||
| Franklin Square Holdings L.P. |
484,999 | 483,180 | ||||||
| Greenhill & Co., Inc. |
797,792 | 796,794 | ||||||
| GreenSky Holdings LLC |
1,278,625 | 1,275,428 | ||||||
| Term Loan B2, 5.500%, 1M LIBOR + 4.500%, 03/29/25 |
444,375 | 445,486 | ||||||
| Guggenheim Partners LLC |
5,073,157 | 5,087,423 | ||||||
| Hudson River Trading LLC |
2,014,875 | 2,006,691 | ||||||
BHFTI-112
Brighthouse Funds Trust I
Brighthouse/Eaton Vance Floating Rate Portfolio
Schedule of Investments as of September 30, 2021 (Unaudited)
Floating Rate Loans (a) —(Continued)
| Security Description | Principal Amount* |
Value | ||||||
| Diversified Financial Services—(Continued) | ||||||||
| LPL Holdings, Inc. |
1,277,250 | $ | 1,272,118 | |||||
| Mariner Wealth Advisors LLC |
68,750 | 68,578 | ||||||
| Term Loan B, 3.750%, 3M LIBOR + 3.250%, 08/18/28 |
481,250 | 480,047 | ||||||
| NFP Corp. |
716,735 | 710,612 | ||||||
|
|
|
|||||||
| 37,086,975 | ||||||||
|
|
|
|||||||
| Electric—0.8% | ||||||||
| Calpine Construction Finance Co. L.P. |
1,214,502 | 1,202,575 | ||||||
| Calpine Corp. |
782,000 | 774,099 | ||||||
| Term Loan B5, 2.590%, 1M LIBOR + 2.500%, 12/16/27 |
2,625,508 | 2,622,108 | ||||||
| Longview Power LLC |
154,402 | 157,104 | ||||||
| Pike Corp. |
431,507 | 432,046 | ||||||
| Vistra Operations Company LLC |
1,179,444 | 1,172,072 | ||||||
|
|
|
|||||||
| 6,360,004 | ||||||||
|
|
|
|||||||
| Electrical Components & Equipment—0.1% | ||||||||
| Energizer Holdings, Inc. |
988,642 | 990,032 | ||||||
|
|
|
|||||||
| Electronics—0.2% | ||||||||
| Celestica, Inc. |
174,000 | 174,000 | ||||||
| Mirion Technologies, Inc. |
1,084,019 | 1,087,407 | ||||||
| TTM Technologies, Inc. |
139,110 | 139,486 | ||||||
|
|
|
|||||||
| 1,400,893 | ||||||||
|
|
|
|||||||
| Engineering & Construction—0.8% | ||||||||
| Aegion Corp. |
475,000 | 480,196 | ||||||
| Artera Services, LLC |
1,097,250 | 1,094,049 | ||||||
| Brand Energy & Infrastructure Services, Inc. |
1,213,414 | 1,205,388 | ||||||
| Brown Group Holding LLC |
1,097,899 | 1,098,432 | ||||||
| Centuri Group, Inc. |
925,000 | 925,386 | ||||||
| Osmose Utilities Services, Inc. |
725,000 | 723,187 | ||||||
| Rockwood Service Corp. |
408,000 | 409,614 | ||||||
| USIC Holdings, Inc. |
169,857 | 169,910 | ||||||
|
|
|
|||||||
| 6,106,162 | ||||||||
|
|
|
|||||||
| Entertainment—2.2% | ||||||||
| Alchemy Copyrights LLC |
470,259 | 471,434 | ||||||
| AMC Entertainment Holdings, Inc. |
1,584,375 | 1,475,025 | ||||||
| Aristocrat Technologies, Inc. |
938,307 | 933,469 | ||||||
| Crown Finance U.S., Inc. |
1,568,014 | 1,296,226 | ||||||
| Incremental Term Loan, 3.750%, 3M LIBOR + |
1,280,468 | 1,045,181 | ||||||
| Term Loan B1, 8.250%, 3M LIBOR + 7.000%, 05/23/24 |
406,457 | 504,346 | ||||||
| Incremental Term Loan B1, 9.250%, 3M LIBOR + |
325,392 | 350,609 | ||||||
| Delta 2 (LUX) S.a.r.l. |
2,593,230 | 2,590,798 | ||||||
| Great Canadian Gaming Corp. |
575,000 | 577,037 | ||||||
| Live Nation Entertainment, Inc. |
1,422,930 | 1,393,137 | ||||||
| SeaWorld Parks & Entertainment, Inc. |
1,000,000 | 998,500 | ||||||
| SMG U.S. Midco 2, Inc. |
217,194 | 213,936 | ||||||
| Stars Group Holdings B.V. (The) |
2,425,000 | 2,419,949 | ||||||
| Twin River Worldwide Holdings, Inc. |
1,275,000 | 1,276,295 | ||||||
| UFC Holdings LLC |
2,100,102 | 2,098,227 | ||||||
|
|
|
|||||||
| 17,644,169 | ||||||||
|
|
|
|||||||
| Environmental Control—1.3% | ||||||||
| Clean Harbors, Inc. |
525,000 | 526,149 | ||||||
| EnergySolutions LLC |
1,034,358 | 1,034,358 | ||||||
| EWT Holdings III Corp. |
972,563 | 968,915 | ||||||
| Filtration Group Corp. |
1,414,891 | 1,408,701 | ||||||
| Incremental Term Loan, 4.500%, 1M LIBOR + |
321,750 | 322,784 | ||||||
| GFL Environmental, Inc. |
1,342,892 | 1,347,298 | ||||||
| Harsco Corp. |
399,000 | 398,501 | ||||||
| Madison IAQ LLC |
1,845,375 | 1,844,943 | ||||||
| Northstar Group Services, Inc. |
1,402,969 | 1,409,984 | ||||||
| Robertshaw U.S. Holding Corp. |
1,065,146 | 1,033,857 | ||||||
| U.S. Ecology Holdings, Inc. |
221,063 | 221,017 | ||||||
|
|
|
|||||||
| 10,516,507 | ||||||||
|
|
|
|||||||
BHFTI-113
Brighthouse Funds Trust I
Brighthouse/Eaton Vance Floating Rate Portfolio
Schedule of Investments as of September 30, 2021 (Unaudited)
Floating Rate Loans (a) —(Continued)
| Security Description | Principal Amount* |
Value | ||||||
| Food—1.8% | ||||||||
| CHG PPC Parent LLC |
435,375 | $ | 433,742 | |||||
| Froneri International, Ltd. |
1,851,563 | 1,832,034 | ||||||
| H Food Holdings LLC |
653,063 | 652,013 | ||||||
| Incremental Term Loan, 4.084%, 1M LIBOR + |
389,000 | 389,851 | ||||||
| JBS USA Lux S.A. |
5,786,674 | 5,769,794 | ||||||
| Monogram Food Solutions LLC |
600,000 | 601,500 | ||||||
| Nomad Foods Europe Midco, Ltd. |
1,697,333 | 1,692,180 | ||||||
| Shearer’s Foods, Inc. |
371,257 | 371,309 | ||||||
| Simply Good Foods USA, Inc. |
243,745 | 244,833 | ||||||
| Sovos Brands Intermediate, Inc. |
583,095 | 584,553 | ||||||
| U.S. Foods, Inc. |
639,828 | 636,673 | ||||||
| Term Loan B, 2.084%, 1M LIBOR + 2.000%, 09/13/26 |
1,445,500 | 1,429,238 | ||||||
| UTZ Quality Foods LLC |
148,875 | 148,898 | ||||||
|
|
|
|||||||
| 14,786,618 | ||||||||
|
|
|
|||||||
| Food Service—0.2% | ||||||||
| Aramark Services, Inc. |
816,080 | 800,098 | ||||||
| Term Loan B4, 1.834%, 1M LIBOR + 1.750%, 01/15/27 |
932,500 | 912,588 | ||||||
|
|
|
|||||||
| 1,712,686 | ||||||||
|
|
|
|||||||
| Forest Products & Paper—0.2% | ||||||||
| Asplundh Tree Expert LLC |
||||||||
| Term Loan B, 1.834%, 1M LIBOR + 1.750%, 09/07/27 |
1,089,000 | 1,085,823 | ||||||
| Clearwater Paper Corp. |
||||||||
| Term Loan B, 3.125%, 1M LIBOR + 3.000%, 07/26/26 |
89,250 | 89,250 | ||||||
| Neenah, Inc. |
||||||||
| Term Loan B, 3.500%, 3M LIBOR + 3.000%, 04/06/28 |
399,000 | 400,995 | ||||||
|
|
|
|||||||
| 1,576,068 | ||||||||
|
|
|
|||||||
| Gas—0.1% | ||||||||
| UGI Energy Services, LLC |
||||||||
| Term Loan B, 3.834%, 1M LIBOR + 3.750%, 08/13/26 |
904,188 | 907,860 | ||||||
|
|
|
|||||||
| Hand/Machine Tools—0.4% | ||||||||
| Alliance Laundry Systems LLC |
||||||||
| Term Loan B, 4.250%, 3M LIBOR + 3.500%, 10/08/27 |
1,030,875 | 1,033,131 | ||||||
| Apex Tool Group, LLC |
||||||||
| Term Loan B, 6.500%, 1M LIBOR + 5.250%, 08/01/24 |
2,134,645 | 2,140,382 | ||||||
|
|
|
|||||||
| 3,173,513 | ||||||||
|
|
|
|||||||
| Healthcare-Products—0.9% | ||||||||
| Avantor Funding, Inc. |
||||||||
| Term Loan B4, 2.500%, 1M LIBOR + 2.000%, 11/21/24 |
396,886 | 397,216 | ||||||
| Term Loan B5, 2.750%, 1M LIBOR + 2.250%, 11/08/27 |
1,368,125 | 1,372,058 | ||||||
| Healthcare-Products—(Continued) | ||||||||
| CPI International, Inc. |
568,850 | 570,005 | ||||||
| CryoLife, Inc. |
||||||||
| Term Loan B, 4.500%, 3M LIBOR + 3.500%, 06/01/27 |
457,188 | 458,331 | ||||||
| Curia Global, Inc. |
||||||||
| Term Loan, 4.500%, 3M LIBOR + 3.750%, 08/30/26 |
1,367,551 | 1,370,628 | ||||||
| Hanger, Inc. |
989,125 | 989,279 | ||||||
| Ortho-Clinical Diagnostics S.A. |
||||||||
| Term Loan B, 3.083%, 1M LIBOR + 3.000%, 06/30/25 |
1,806,775 | 1,807,113 | ||||||
| Sotera Health Holdings LLC |
||||||||
| Term Loan, 3.250%, 1M LIBOR + 2.750%, 12/11/26 |
575,000 | 572,844 | ||||||
|
|
|
|||||||
| 7,537,474 | ||||||||
|
|
|
|||||||
| Healthcare-Services—5.2% | ||||||||
| Accelerated Health Systems LLC |
||||||||
| Term Loan B, 3.586%, 1M LIBOR + 3.500%, 10/31/25 |
486,250 | 484,730 | ||||||
| ADMI Corp. |
||||||||
| Term Loan B, 2.834%, 1M LIBOR + 2.750%, 04/30/25 |
1,548,221 | 1,531,449 | ||||||
| Incremental Term Loan B3, 4.000%, 1M LIBOR + |
450,000 | 449,919 | ||||||
| BW NHHC Holdco, Inc. |
894,937 | 792,952 | ||||||
| Cambrex Corp. |
||||||||
| Term Loan, 4.250%, 1M LIBOR + 3.500%, 12/04/26 |
272,938 | 273,620 | ||||||
| Cano Health LLC |
||||||||
| Term Loan, 5.250%, 3M LIBOR + 4.500%, 11/19/27 |
851,014 | 852,876 | ||||||
| Catalent Pharma Solutions, Inc. |
||||||||
| Term Loan B3, 2.500%, 1M LIBOR + 2.000%, 02/22/28 |
833,126 | 835,135 | ||||||
| DuPage Medical Group, Ltd. |
||||||||
| Term Loan, 3.750%, 3M LIBOR + 3.000%, 03/12/28 |
472,625 | 470,754 | ||||||
| Envision Healthcare Corp. |
4,133,125 | 3,688,814 | ||||||
| eResearchTechnology, Inc. |
298,489 | 300,354 | ||||||
| Gentiva Health Services, Inc. |
1,673,620 | 1,675,014 | ||||||
| GHX Ultimate Parent Corp. |
1,055,165 | 1,056,484 | ||||||
| Icon Luxembourg Sarl |
319,417 | 320,881 | ||||||
| IQVIA, Inc. |
||||||||
| Term Loan B1, 1.834%, 1M LIBOR + 1.750%, 03/07/24 |
1,273,339 | 1,271,747 | ||||||
| Term Loan B2, 1.834%, 1M LIBOR + 1.750%, 01/17/25 |
1,325,889 | 1,324,231 | ||||||
| Loire Finco Luxembourg S.a.r.l. |
296,269 | 290,528 | ||||||
| Lonza Group AG |
1,296,750 | 1,301,411 | ||||||
| MDVIP, Inc. |
325,000 | 325,508 | ||||||
| Medical Solutions LLC |
858,728 | 860,517 | ||||||
BHFTI-114
Brighthouse Funds Trust I
Brighthouse/Eaton Vance Floating Rate Portfolio
Schedule of Investments as of September 30, 2021 (Unaudited)
Floating Rate Loans (a) —(Continued)
| Security Description | Principal Amount* |
Value | ||||||
| Healthcare-Services—(Continued) | ||||||||
| National Mentor Holdings, Inc. |
| |||||||
| Delayed Draw Term Loan, 3.750%, 03/02/28 (d) |
88,096 | $ | 88,219 | |||||
| Term Loan, 4.500%, 1M LIBOR + 3.750%, 03/02/28 |
1,893,172 | 1,895,802 | ||||||
| Term Loan C, 4.500%, 3M LIBOR + 3.750%, 03/02/28 |
59,767 | 59,850 | ||||||
| Pacific Dental Services,LLC |
| |||||||
| Term Loan, 4.250%, 1M LIBOR + 3.500%, 05/05/28 |
523,688 | 525,897 | ||||||
| Phoenix Guarantor, Inc. |
| |||||||
| Term Loan B, 3.336%, 1M LIBOR + 3.250%, 03/05/26 |
1,613,019 | 1,605,457 | ||||||
| Term Loan B, 3.585%, 1M LIBOR + 3.500%, 03/05/26 |
1,341,882 | 1,338,778 | ||||||
| PPD, Inc. |
| |||||||
| Initial Term Loan, 2.500%, 1M LIBOR + 2.000%, 01/13/28 |
5,373,000 | 5,370,647 | ||||||
| Radiology Partners, Inc. |
2,128,497 | 2,129,532 | ||||||
| RadNet, Inc. |
| |||||||
| Term Loan, 5.250%, 3M LIBOR + 3.000%, 04/21/28 |
1,072,313 | 1,071,810 | ||||||
| Select Medical Corp. |
| |||||||
| Term Loan B, 2.340%, 1M LIBOR + 2.250%, 03/06/25 |
2,457,947 | 2,447,193 | ||||||
| Sound Inpatient Physicians |
411,188 | 409,829 | ||||||
| Surgery Center Holdings, Inc. |
| |||||||
| Term Loan, 4.500%, 1M LIBOR + 3.750%, 08/31/26 |
1,385,662 | 1,389,607 | ||||||
| U.S. Anesthesia Partners, Inc. |
| |||||||
| Term Loan, 10/01/28 (b) |
2,250,000 | 2,255,938 | ||||||
| Term Loan, 4.000%, 3M LIBOR + 3.000%, 06/23/24 |
2,118,247 | 2,118,247 | ||||||
| U.S. Radiology Specialists, Inc. |
| |||||||
| Term Loan, 6.250%, 3M LIBOR + 5.500%, 12/10/27 |
744,375 | 748,695 | ||||||
|
|
|
|||||||
| 41,562,425 | ||||||||
|
|
|
|||||||
| Holding Companies-Diversified—0.1% | ||||||||
| Belfor Holdings Inc. |
539,366 | 541,389 | ||||||
|
|
|
|||||||
| Home Builders—0.1% | ||||||||
| Thor Industries, Inc. |
927,840 | 930,449 | ||||||
|
|
|
|||||||
| Home Furnishings—0.3% | ||||||||
| AI Aqua Merger Sub, Inc. |
666,667 | 669,333 | ||||||
| 1st Lien Term Loan, 07/31/28 (b) |
83,333 | 83,667 | ||||||
| Mattress Firm, Inc. |
1,375,000 | 1,374,571 | ||||||
|
|
|
|||||||
| 2,127,571 | ||||||||
|
|
|
|||||||
| Household Products/Wares—0.1% | ||||||||
| Kronos Acquisition Holdings, Inc. |
1,166,188 | 1,141,114 | ||||||
|
|
|
|||||||
| Housewares—0.1% | ||||||||
| CFS Brands, LLC |
241,224 | 235,193 | ||||||
| Libbey Glass, Inc. |
292,524 | 304,226 | ||||||
|
|
|
|||||||
| 539,419 | ||||||||
|
|
|
|||||||
| Insurance—3.4% | ||||||||
| Alliant Holdings Intermediate, LLC |
2,653,972 | 2,637,794 | ||||||
| Term Loan B3, 4.250%, 1M LIBOR + 3.750%, 11/05/27 |
271,941 | 272,564 | ||||||
| AmWINS Group, Inc. |
| |||||||
| Term Loan B, 3.000%, 1M LIBOR + 2.250%, 02/19/28 |
3,920,375 | 3,899,550 | ||||||
| AssuredPartners, Inc. |
| |||||||
| Term Loan B, 3.584%, 1M LIBOR + 3.500%, 02/12/27 |
171,938 | 171,066 | ||||||
| Asurion LLC |
| |||||||
| Term Loan B6, 3.209%, 1M LIBOR + 3.125%, 11/03/23 |
1,531,163 | 1,524,874 | ||||||
| Term Loan B8, 3.334%, 1M LIBOR + 3.250%, 12/23/26 |
5,359,500 | 5,286,364 | ||||||
| 2nd Lien Term Loan B3, 5.334%, 1M LIBOR + |
1,160,000 | 1,158,066 | ||||||
| HUB International, Ltd. |
| |||||||
| Term Loan B, 2.875%, 3M LIBOR + 2.750%, 04/25/25 |
4,426,312 | 4,389,428 | ||||||
| Term Loan B, 4.000%, 3M LIBOR + 3.250%, 04/25/25 |
1,572,120 | 1,574,997 | ||||||
| Ryan Specialty Group LLC |
| |||||||
| Term Loan, 3.750%, 1M LIBOR + 3.000%, 09/01/27 |
1,658,250 | 1,661,704 | ||||||
| Sedgwick Claims Management Services, Inc. |
1,069,750 | 1,062,479 | ||||||
| USI, Inc. |
2,592,000 | 2,578,115 | ||||||
| Incremental Term Loan B, 3.382%, 3M LIBOR + |
1,203,577 | 1,197,710 | ||||||
|
|
|
|||||||
| 27,414,711 | ||||||||
|
|
|
|||||||
| Internet—3.0% | ||||||||
| Barracuda Networks, Inc. |
1,073,723 | 1,078,420 | ||||||
| Buzz Merger Sub, Ltd. |
||||||||
| Term Loan B, 2.834%, 1M LIBOR + 2.750%, 01/29/27 |
492,500 | 492,192 | ||||||
| Term Loan B, 3.750%, 1M LIBOR + 3.250%, 01/29/27 |
53,545 | 53,646 | ||||||
| CNT Holdings I Corp. |
646,750 | 647,963 | ||||||
| Endure Digital, Inc. |
2,842,875 | 2,830,438 | ||||||
| Getty Images, Inc. |
2,637,535 | 2,640,832 | ||||||
| Go Daddy Operating Co. LLC |
||||||||
| Term Loan B1, 1.834%, 1M LIBOR + 1.750%, 02/15/24 |
2,881,471 | 2,867,063 | ||||||
| Term Loan B4, 2.084%, 1M LIBOR + 2.000%, 08/10/27 |
1,061,563 | 1,056,321 | ||||||
| Hoya Midco LLC |
933,425 | 930,800 | ||||||
| Imperva, Inc. |
544,430 | 546,180 | ||||||
| Magnite, Inc. |
673,313 | 674,154 | ||||||
| Match Group, Inc. |
675,000 | 672,750 | ||||||
| Proofpoint, Inc. |
2,650,000 | 2,638,223 | ||||||
| ProQuest LLC |
1,594,712 | 1,595,355 | ||||||
| Uber Technologies, Inc. |
1,378,688 | 1,380,028 | ||||||
| Term Loan B, 3.584%, 1M LIBOR + 3.500%, 02/25/27 |
4,254,830 | 4,257,111 | ||||||
|
|
|
|||||||
| 24,361,476 | ||||||||
|
|
|
|||||||
BHFTI-115
Brighthouse Funds Trust I
Brighthouse/Eaton Vance Floating Rate Portfolio
Schedule of Investments as of September 30, 2021 (Unaudited)
Floating Rate Loans (a) —(Continued)
| Security Description | Principal Amount* |
Value | ||||||
| Investment Companies—0.2% | ||||||||
| EIG Management Co. LLC |
241,250 | $ | 241,250 | |||||
| FinCo I LLC |
1,467,949 | 1,464,542 | ||||||
|
|
|
|||||||
| 1,705,792 | ||||||||
|
|
|
|||||||
| Iron/Steel—0.2% | ||||||||
| Phoenix Services International LLC |
1,303,959 | 1,295,809 | ||||||
| TMS International Corp. |
223,875 | 224,155 | ||||||
|
|
|
|||||||
| 1,519,964 | ||||||||
|
|
|
|||||||
| Leisure Time—1.5% | ||||||||
| Bombardier Recreational Products, Inc. |
4,625,819 | 4,594,017 | ||||||
| Carnival Corp. |
1,632,360 | 1,628,279 | ||||||
| City Football Group, Ltd. |
1,450,000 | 1,448,187 | ||||||
| ClubCorp Holdings, Inc. |
1,632,000 | 1,538,160 | ||||||
| Hayward Industries, Inc. |
798,000 | 797,074 | ||||||
| MajorDrive Holdings LLC |
623,438 | 625,483 | ||||||
| SRAM, LLC |
286,364 | 286,483 | ||||||
| Travel Leaders Group LLC |
1,243,486 | 1,166,545 | ||||||
|
|
|
|||||||
| 12,084,228 | ||||||||
|
|
|
|||||||
| Lodging—1.1% | ||||||||
| Four Seasons Hotels, Ltd. |
857,250 | 856,000 | ||||||
| Golden Nugget, Inc. |
3,965,620 | 3,950,749 | ||||||
| Hilton Grand Vacations Borrower LLC |
950,000 | 953,325 | ||||||
| Playa Resorts Holding B.V. |
1,940,212 | 1,902,722 | ||||||
| Wyndham Hotels & Resorts, Inc. |
1,164,000 | 1,156,649 | ||||||
|
|
|
|||||||
| 8,819,445 | ||||||||
|
|
|
|||||||
| Machinery-Construction & Mining—0.5% | ||||||||
| Brookfield WEC Holdings, Inc. |
3,992,740 | 3,969,603 | ||||||
|
|
|
|||||||
| Machinery-Diversified—1.5% | ||||||||
| Altra Industrial Motion Corp. |
475,373 | 475,076 | ||||||
| Clark Equipment Co. |
1,000,843 | 993,605 | ||||||
| Machinery-Diversified—(Continued) | ||||||||
| CPM Holdings, Inc. |
1,780,266 | 1,773,590 | ||||||
| DXP Enterprises, Inc. |
545,875 | 546,387 | ||||||
| Engineered Machinery Holdings, Inc. |
1,402,000 | 1,402,585 | ||||||
| Gardner Denver, Inc. |
1,092,300 | 1,079,585 | ||||||
| GrafTech Finance, Inc. |
800,774 | 802,847 | ||||||
| Granite Holdings U.S. Acquisition Co. |
992,487 | 992,953 | ||||||
| Rexnord LLC |
375,000 | 375,656 | ||||||
| Titan Acquisition, Ltd. |
2,677,868 | 2,636,026 | ||||||
| Welbilt, Inc. |
794,103 | 793,358 | ||||||
|
|
|
|||||||
| 11,871,668 | ||||||||
|
|
|
|||||||
| Media—5.4% | ||||||||
| Adevinta ASA |
274,313 | 274,913 | ||||||
| Charter Communications Operating LLC |
1,849,866 | 1,840,197 | ||||||
| CSC Holdings LLC |
2,356,348 | 2,329,104 | ||||||
| Incremental Term Loan, 2.334%, 1M LIBOR + 2.250%, 01/15/26 |
926,250 | 915,541 | ||||||
| Term Loan B5, 2.584%, 1M LIBOR + 2.500%, 04/15/27 |
1,167,225 | 1,155,553 | ||||||
| Cumulus Media New Holdings, Inc. |
322,312 | 322,485 | ||||||
| Diamond Sports Group, LLC |
2,621,500 | 1,646,084 | ||||||
| Entercom Media Corp. |
975,248 | 963,261 | ||||||
| Entravision Communications Corp. |
727,750 | 721,079 | ||||||
| GEE Holdings 2 LLC |
158,328 | 158,723 | ||||||
| Global Eagle Entertainment, Inc. |
315,600 | 288,774 | ||||||
| Gray Television, Inc. |
||||||||
| Term Loan B, 2.336%, 1M LIBOR + 2.250%, 02/07/24 |
1,470,015 | 1,469,211 | ||||||
| Term Loan C, 2.586%, 1M LIBOR + 2.500%, 01/02/26 |
552,268 | 551,059 | ||||||
| Hubbard Radio LLC |
||||||||
| Term Loan B, 5.250%, 1M LIBOR + 4.250%, 03/28/25 |
514,141 | 514,462 | ||||||
| iHeartCommunications, Inc. |
||||||||
| Term Loan, 3.084%, 1M LIBOR + 3.000%, 05/01/26 |
842,742 | 837,738 | ||||||
| Incremental Term Loan, 3.750%, 1M LIBOR + |
334,350 | 334,852 | ||||||
| LCPR Loan Financing LLC |
||||||||
| Term Loan B, 3.834%, 1M LIBOR + 3.750%, 10/15/28 |
250,000 | 250,755 | ||||||
BHFTI-116
Brighthouse Funds Trust I
Brighthouse/Eaton Vance Floating Rate Portfolio
Schedule of Investments as of September 30, 2021 (Unaudited)
Floating Rate Loans (a) —(Continued)
| Security Description | Principal Amount* |
Value | ||||||
| Media—(Continued) | ||||||||
| Mission Broadcasting, Inc. |
||||||||
| Term Loan B, 2.586%, 1M LIBOR + 2.500%, 05/26/28 |
400,000 | $ | 400,062 | |||||
| Nexstar Broadcasting, Inc. |
||||||||
| Term Loan B3, 2.334%, 1M LIBOR + 2.250%, 01/17/24 |
984,386 | 984,509 | ||||||
| Term Loan B4, 2.586%, 1M LIBOR + 2.500%, 09/18/26 |
388,236 | 388,340 | ||||||
| Recorded Books, Inc. |
||||||||
| Term Loan, 4.083%, 1M LIBOR + 4.000%, 08/29/25 |
235,231 | 235,746 | ||||||
| Sinclair Television Group, Inc. |
||||||||
| Term Loan B2B, 2.590%, 1M LIBOR + 2.500%, 09/30/26 |
539,000 | 530,646 | ||||||
| Term Loan B3, 3.090%, 1M LIBOR + 3.000%, 04/01/28 |
1,738,788 | 1,724,506 | ||||||
| Telenet Financing USD LLC |
||||||||
| Term Loan AR, 2.084%, 1M LIBOR + 2.000%, 04/30/28 |
3,500,000 | 3,465,273 | ||||||
| Univision Communications, Inc. |
||||||||
| Term Loan C5, 3.750%, 1M LIBOR + 2.750%, 03/15/24 |
1,898,610 | 1,898,950 | ||||||
| Term Loan B, 4.000%, 1M LIBOR + 3.250%, 03/15/26 |
1,471,641 | 1,471,411 | ||||||
| UPC Broadband Holding B.V. |
||||||||
| Term Loan B, 2.334%, 1M LIBOR + 2.250%, 04/30/28 |
775,000 | 768,426 | ||||||
| UPC Financing Partnership |
||||||||
| USD Term Loan AX, 3.084%, 1M LIBOR + |
3,100,000 | 3,096,770 | ||||||
| Virgin Media Bristol LLC |
||||||||
| Term Loan N, 2.584%, 1M LIBOR + 2.500%, 01/31/28 |
6,450,000 | 6,414,164 | ||||||
| Term Loan Q, 3.334%, 1M LIBOR + 3.250%, 01/31/29 |
1,125,000 | 1,126,875 | ||||||
| Ziggo Financing Partnership |
||||||||
| Term Loan I, 2.584%, 1M LIBOR + 2.500%, 04/30/28 |
6,475,000 | 6,430,484 | ||||||
|
|
|
|||||||
| 43,509,953 | ||||||||
|
|
|
|||||||
| Metal Fabricate/Hardware—1.2% | ||||||||
| Advanced Drainage Systems, Inc. |
||||||||
| Term Loan B, 2.375%, 1M LIBOR + 2.250%, 07/31/26 |
750 | 751 | ||||||
| Ameriforge Group, Inc. |
||||||||
| Term Loan, 9.000%, 3M LIBOR + 8.000%, 12/31/23 |
811,072 | 429,868 | ||||||
| Term Loan, 14.000%, 12/31/23 (d) (e) |
102,449 | 54,298 | ||||||
| Atkore International, Inc. |
||||||||
| Term Loan B, 2.500%, 3M LIBOR + 2.000%, 05/26/28 |
815,938 | 814,918 | ||||||
| Dynacast International LLC |
||||||||
| First Out Term Loan, 5.750%, 3M LIBOR + |
868,721 | 873,064 | ||||||
| Hillman Group, Inc. (The) |
||||||||
| Delayed Draw Term Loan, 3.250%, 07/14/28 (d) |
71,730 | 71,700 | ||||||
| Term Loan B1, 3.250%, 1M LIBOR + 2.750%, 07/14/28 |
299,473 | 299,348 | ||||||
| Neenah Foundry Co. |
||||||||
| Term Loan, 10.000%, 1M LIBOR + 9.000%, 12/13/22 |
8,567 | 7,924 | ||||||
| Penn Engineering & Manufacturing Corp. |
||||||||
| Term Loan B, 3.500%, 1M LIBOR + 2.500%, 06/27/24 |
166,255 | 166,463 | ||||||
| Tiger Acquisition LLC |
||||||||
| Term Loan, 3.750%, 3M LIBOR + 3.250%, 06/01/28 |
525,000 | 524,344 | ||||||
| Werner FinCo L.P. |
||||||||
| Term Loan, 5.000%, 3M LIBOR + 4.000%, 07/24/24 |
1,344,902 | 1,348,264 | ||||||
| WireCo WorldGroup, Inc. |
1,013,770 | 1,016,410 | ||||||
| Zekelman Industries, Inc. |
||||||||
| Term Loan, 2.083%, 1M LIBOR + 2.000%, 01/24/27 |
4,125,792 | 4,088,833 | ||||||
|
|
|
|||||||
| 9,696,185 | ||||||||
|
|
|
|||||||
| Mining—0.0% | ||||||||
| PMHC II, Inc. |
337,750 | 336,272 | ||||||
|
|
|
|||||||
| Miscellaneous Manufacturing—1.4% | ||||||||
| CeramTec AcquiCo GmbH |
||||||||
| Term Loan B2, 2.871%, 3M LIBOR + 2.750%, 03/07/25 |
1,050,529 | 1,041,337 | ||||||
| EXC Holdings III Corp. |
557,801 | 560,416 | ||||||
| Gates Global LLC |
||||||||
| Term Loan B3, 3.250%, 1M LIBOR + 2.500%, 03/31/27 |
3,661,411 | 3,660,840 | ||||||
| Gemini HDPE LLC |
||||||||
| Term Loan B, 3.500%, 3M LIBOR + 3.000%, 12/31/27 |
683,962 | 685,138 | ||||||
| Groupe Solmax, Inc. |
||||||||
| Term Loan, 5.500%, 2M LIBOR + 4.750%, 05/29/28 |
847,875 | 848,405 | ||||||
| LTI Holdings, Inc. |
1,214,445 | 1,199,698 | ||||||
| Delayed Draw Term Loan, 4.750%, 07/24/26 (d) |
196,875 | 196,793 | ||||||
| 4.834%, 1M LIBOR + 4.750%, 07/24/26 |
498,805 | 499,097 | ||||||
| Momentive Performance Materials, Inc. |
||||||||
| Term Loan B, 3.340%, 1M LIBOR + 3.250%, 05/15/24 |
2,346,000 | 2,345,268 | ||||||
| Ravago Holdings America, Inc. |
||||||||
| Term Loan B, 2.640%, 3M LIBOR + 2.500%, 03/04/28 |
223,875 | 222,686 | ||||||
| Rohm Holding GmbH |
||||||||
| Term Loan B, 4.904%, 6M LIBOR + 4.750%, 07/31/26 |
343,860 | 343,967 | ||||||
|
|
|
|||||||
| 11,603,645 | ||||||||
|
|
|
|||||||
| Oil & Gas—1.0% | ||||||||
| CITGO Holding, Inc. |
||||||||
| Term Loan B, 8.000%, 3M LIBOR + 7.000%, 08/01/23 |
220,500 | 217,882 | ||||||
| CITGO Petroleum Corp. |
||||||||
| Term Loan B, 7.250%, 6M LIBOR + 6.250%, 03/28/24 |
1,955,417 | 1,962,749 | ||||||
| Delek U.S. Holdings, Inc. |
||||||||
| Term Loan B, 2.334%, 1M LIBOR + 2.250%, 03/31/25 |
3,570,209 | 3,472,028 | ||||||
| Incremental Term Loan B, 6.500%, 1M LIBOR + 5.500%, 03/31/25 |
541,750 | 546,039 | ||||||
| Oryx Midstream Services Permian Basin LLC |
||||||||
| Term Loan B, 10/05/28 (b) |
925,000 | 925,726 | ||||||
| QuarterNorth Energy Holding, Inc. |
360,142 | 362,393 | ||||||
| Sunrise Oil & Gas Properties LLC |
||||||||
| First Out Term Loan, 8.000%, 1M LIBOR + |
79,843 | 78,645 | ||||||
| Last Out Term Loan, 8.000%, 1M LIBOR + |
98,259 | 96,786 | ||||||
| Term Loan, 8.000%, 1M LIBOR + 7.000%, 01/17/23 |
85,053 | 83,777 | ||||||
|
|
|
|||||||
| 7,746,025 | ||||||||
|
|
|
|||||||
| Oil & Gas Services—0.1% | ||||||||
| Apergy Corp. |
109,639 | 109,273 | ||||||
| Term Loan, 6.000%, 3M LIBOR + 5.000%, 06/03/27 |
187,500 | 191,133 | ||||||
| Lealand Finance Company B.V. |
||||||||
| Take Back Term Loan, 3.000%, 1M LIBOR + 1.000%, 06/30/25 |
273,768 | 121,998 | ||||||
|
|
|
|||||||
| 422,404 | ||||||||
|
|
|
|||||||
BHFTI-117
Brighthouse Funds Trust I
Brighthouse/Eaton Vance Floating Rate Portfolio
Schedule of Investments as of September 30, 2021 (Unaudited)
Floating Rate Loans (a) —(Continued)
| Security Description | Principal Amount* |
Value | ||||||
| Packaging & Containers—2.2% | ||||||||
| Berlin Packaging LLC |
950,000 | $ | 949,067 | |||||
| Berry Global, Inc. |
||||||||
| Term Loan Z, 1.856%, 3M LIBOR + 1.750%, 07/01/26 |
748,170 | 745,013 | ||||||
| BWAY Holding Co. |
||||||||
| Term Loan B, 3.334%, 1M LIBOR + 3.250%, 04/03/24 |
1,867,125 | 1,831,971 | ||||||
| Charter NEX U.S., Inc. |
||||||||
| Term Loan, 4.500%, 1M LIBOR + 3.750%, 12/01/27 |
422,875 | 424,343 | ||||||
| Flex Acquisition Co., Inc. |
||||||||
| Incremental Term Loan, 3.145%, 3M LIBOR + |
1,305,536 | 1,299,825 | ||||||
| Term Loan, 4.000%, 3M LIBOR + 3.500%, 02/23/28 |
4,687,049 | 4,682,653 | ||||||
| Pregis TopCo Corp. |
564,938 | 565,820 | ||||||
| Pretium PKG Holdings, Inc. |
675,000 | 676,828 | ||||||
| Proampac PG Borrower LLC |
||||||||
| Term Loan, 6.000%, 3M LIBOR + 3.750%, 11/03/25 |
696,500 | 698,938 | ||||||
| Reynolds Group Holdings, Inc. |
||||||||
| Term Loan B2, 3.334%, 1M LIBOR + 3.250%, 02/05/26 |
1,315,062 | 1,307,665 | ||||||
| Term Loan B, 4.000%, 1M LIBOR + 3.500%, 09/20/28 |
1,075,000 | 1,074,244 | ||||||
| TricorBraun Holdings, Inc. |
||||||||
| Delayed Draw Term Loan, 3.750%, 03/03/28 (d) |
105,495 | 105,040 | ||||||
| Term Loan, 3.750%, 1M LIBOR + 3.250%, 03/03/28 |
468,241 | 466,222 | ||||||
| Trident TPI Holdings, Inc. |
||||||||
| Delayed Draw Term Loan, 09/15/28 (d) |
105,590 | 105,826 | ||||||
| Term Loan B1, 4.000%, 3M LIBOR + 3.000%, 10/17/24 |
1,854,381 | 1,854,959 | ||||||
| Incremental Term Loan, 4.500%, 3M LIBOR + |
744,410 | 746,071 | ||||||
|
|
|
|||||||
| 17,534,485 | ||||||||
|
|
|
|||||||
| Pharmaceuticals—4.5% | ||||||||
| Akorn, Inc. |
||||||||
| Take Back Term Loan, 8.500%, 3M LIBOR + |
660,360 | 671,916 | ||||||
| Alkermes, Inc. |
||||||||
| Term Loan B, 3.000%, 3M LIBOR + 2.500%, 03/09/26 |
344,675 | 344,245 | ||||||
| Amneal Pharmaceuticals LLC |
||||||||
| Term Loan B, 3.625%, 1M LIBOR + 3.500%, 05/04/25 |
2,955,921 | 2,922,052 | ||||||
| Bausch Health Companies, Inc. |
||||||||
| Term Loan B, 3.084%, 1M LIBOR + 3.000%, 06/02/25 |
4,197,880 | 4,197,355 | ||||||
| Bayou Intermediate LLC |
||||||||
| Term Loan B, 5.250%, 3M LIBOR + 4.500%, 08/02/28 |
775,000 | 777,906 | ||||||
| Change Healthcare Holdings LLC |
||||||||
| Term Loan B, 3.500%, 3M LIBOR + 2.500%, 03/01/24 |
3,235,303 | 3,235,102 | ||||||
| Elanco Animal Health, Inc. |
||||||||
| Term Loan B, 1.836%, 1M LIBOR + 1.750%, 08/02/27 |
1,762,766 | 1,743,564 | ||||||
| Gainwell Acquisition Corp. |
||||||||
| Term Loan B, 4.750%, 3M LIBOR + 4.000%, 10/01/27 |
5,490,590 | 5,511,179 | ||||||
| Grifols Worldwide Operations USA, Inc. |
||||||||
| Term Loan B, 2.072%, 1W LIBOR + 2.000%, 11/15/27 |
3,874,734 | 3,817,419 | ||||||
| HCRX Investments Holdco L.P. |
||||||||
| Term Loan B, 07/14/28 (b) |
1,000,000 | 998,000 | ||||||
| HLF Financing S.a r.l. |
||||||||
| Term Loan B, 2.584%, 1M LIBOR + 2.500%, 08/18/25 |
867,750 | 863,751 | ||||||
| Pharmaceuticals—(Continued) | ||||||||
| Horizon Therapeutics USA, Inc. |
||||||||
| Term Loan B, 2.375%, 1M LIBOR + 2.250%, 05/22/26 |
988,299 | 984,747 | ||||||
| Term Loan B, 2.500%, 1M LIBOR + 2.000%, 03/15/28 |
1,990,000 | 1,989,170 | ||||||
| Jazz Financing Lux S.a.r.l. |
||||||||
| USD Term Loan, 4.000%, 1M LIBOR + 3.500%, 05/05/28 |
1,670,813 | 1,674,990 | ||||||
| Mallinckrodt International Finance S.A. |
||||||||
| Term Loan B, 6.000%, 3M LIBOR + 5.250%, 09/24/24 |
3,986,475 | 3,777,185 | ||||||
| Term Loan B, 6.250%, 3M LIBOR + 5.500%, 02/24/25 |
511,040 | 486,499 | ||||||
| Packaging Coordinators Midco, Inc. |
||||||||
| Term Loan, 4.250%, 3M LIBOR + 3.500%, 11/30/27 |
1,069,625 | 1,072,299 | ||||||
| Padagis LLC |
||||||||
| Term Loan B, 5.250%, 3M LIBOR + 4.750%, 07/06/28 |
850,000 | 850,265 | ||||||
| PetVet Care Centers LLC |
||||||||
| Term Loan B3, 4.250%, 1M LIBOR + 3.500%, 02/14/25 |
148,861 | 149,202 | ||||||
| PRA Health Sciences Inc |
||||||||
| Term Loan, 3.000%, 3M LIBOR + 2.500%, 07/03/28 |
79,583 | 79,948 | ||||||
|
|
|
|||||||
| 36,146,794 | ||||||||
|
|
|
|||||||
| Pipelines—0.6% | ||||||||
| Blackstone CQP Holdco L.P. |
||||||||
| Term Loan B, 4.250%, 1M LIBOR + 3.750%, 06/05/28 |
1,421,438 | 1,418,239 | ||||||
| Buckeye Partners L.P. |
||||||||
| Term Loan B, 2.334%, 1M LIBOR + 2.250%, 11/01/26 |
2,339,509 | 2,328,908 | ||||||
| Centurion Pipeline Co., LLC |
||||||||
| Term Loan B, 3.334%, 1M LIBOR + 3.250%, 09/29/25 |
218,813 | 215,531 | ||||||
| Incremental Term Loan, 4.084%, 1M LIBOR + 4.000%, 09/28/25 |
198,500 | 195,026 | ||||||
| ITT Holdings LLC |
||||||||
| Term Loan, 3.250%, 1M LIBOR + 2.750%, 07/10/28 |
425,000 | 425,531 | ||||||
| Prairie ECI Acquiror L.P. |
||||||||
| Term Loan B, 4.834%, 1M LIBOR + 4.750%, 03/11/26 |
486,315 | 470,890 | ||||||
|
|
|
|||||||
| 5,054,125 | ||||||||
|
|
|
|||||||
| Real Estate—0.5% | ||||||||
| Cushman & Wakefield U.S. Borrower, LLC |
||||||||
| Term Loan B, 2.834%, 1M LIBOR + 2.750%, 08/21/25 |
2,415,001 | 2,397,794 | ||||||
| RE/MAX International, Inc. |
||||||||
| Term Loan B, 3.000%, 3M LIBOR + 2.500%, 07/21/28 |
1,695,750 | 1,688,862 | ||||||
|
|
|
|||||||
| 4,086,656 | ||||||||
|
|
|
|||||||
| Real Estate Investment Trusts—0.2% | ||||||||
| Brookfield Property REIT, Inc. |
872,999 | 864,088 | ||||||
| Iron Mountain, Inc. |
||||||||
| Term Loan B, 1.834%, 1M LIBOR + 1.750%, 01/02/26 |
796,125 | 793,471 | ||||||
|
|
|
|||||||
| 1,657,559 | ||||||||
|
|
|
|||||||
| Retail—3.4% | ||||||||
| 1011778 B.C. Unlimited Liability Co. |
||||||||
| Term Loan B4, 1.837%, 1M LIBOR + 1.750%, 11/19/26 |
5,035,313 | 4,977,316 | ||||||
| Beacon Roofing Supply, Inc. |
||||||||
| Term Loan B, 2.334%, 1M LIBOR + 2.250%, 05/19/28 |
1,022,438 | 1,017,690 | ||||||
BHFTI-118
Brighthouse Funds Trust I
Brighthouse/Eaton Vance Floating Rate Portfolio
Schedule of Investments as of September 30, 2021 (Unaudited)
Floating Rate Loans (a) —(Continued)
| Security Description | Principal Amount* |
Value | ||||||
| Retail—(Continued) | ||||||||
| BJ’s Wholesale Club, Inc. |
1,008,772 | $ | 1,010,454 | |||||
| David’s Bridal, Inc. |
||||||||
| Priority Term Loan, 6.000%, 3M LIBOR + |
236,205 | 235,568 | ||||||
| New Money Term Loan, 7.000%, 3M LIBOR + |
279,794 | 259,453 | ||||||
| Foundation Building Materials Holding Co. LLC |
||||||||
| Term Loan, 3.750%, 3M LIBOR + 3.250%, 02/03/28 |
1,147,125 | 1,141,031 | ||||||
| Great Outdoors Group LLC |
||||||||
| Term Loan B, 5.000%, 3M LIBOR + 4.250%, 03/06/28 |
2,506,063 | 2,521,465 | ||||||
| Harbor Freight Tools USA, Inc. |
||||||||
| Term Loan B, 3.250%, 1M LIBOR + 2.750%, 10/19/27 |
1,339,875 | 1,340,865 | ||||||
| IRB Holding Corp. |
||||||||
| Term Loan B, 3.750%, 3M LIBOR + 2.750%, 02/05/25 |
2,873,167 | $ | 2,873,167 | |||||
| Incremental Term Loan, 4.250%, 3M LIBOR + 3.250%, 12/15/27 |
496,250 | 497,801 | ||||||
| Les Schwab Tire Centers |
||||||||
| Term Loan B, 4.000%, 3M LIBOR + 3.250%, 11/02/27 |
2,406,813 | 2,411,325 | ||||||
| Park River Holdings, Inc. |
||||||||
| Term Loan, 4.000%, 3M LIBOR + 3.250%, 12/28/27 |
623,438 | 621,360 | ||||||
| PetSmart, Inc. |
||||||||
| Term Loan B, 4.500%, 6M LIBOR + 3.750%, 02/12/28 |
1,325,000 | 1,329,969 | ||||||
| Phillips Feed Service, Inc. |
||||||||
| Term Loan, 8.000%, 3M LIBOR + 7.000%, 11/13/24 (e) (f) |
11,491 | 9,193 | ||||||
| Pier 1 Imports (U.S.), Inc. |
||||||||
| Term Loan B, 3.591%, 04/30/22 (c) (e) (f) |
39,541 | 31,633 | ||||||
| Serta Simmons Bedding LLC |
||||||||
| Super Priority First Out Term Loan, 8.500%, 1M LIBOR + 7.500%, 08/10/23 |
910,800 | 921,426 | ||||||
| Super Priority Second Out Term Loan, 8.500%, 1M LIBOR + 7.500%, 08/10/23 |
3,012,360 | 2,870,339 | ||||||
| SRS Distribution, Inc. |
||||||||
| Term Loan B, 4.250%, 3M LIBOR + 3.750%, 06/02/28 |
1,050,000 | 1,050,919 | ||||||
| Steinway Musical Instruments, Inc. |
||||||||
| Term Loan B, 4.750%, 1M LIBOR + 3.750%, 02/14/25 |
176,976 | 175,704 | ||||||
| White Cap Buyer LLC |
||||||||
| Term Loan B, 4.500%, 1M LIBOR + 4.000%, 10/19/27 |
2,009,813 | 2,016,790 | ||||||
|
|
|
|||||||
| 27,313,468 | ||||||||
|
|
|
|||||||
| Semiconductors—0.5% | ||||||||
| Allegro Microsystems, Inc. |
||||||||
| Term Loan, 4.250%, 3M LIBOR + 3.750%, 09/30/27 |
42,307 | 42,307 | ||||||
| Bright Bidco B.V. |
||||||||
| Term Loan B, 4.500%, 6M LIBOR + 3.500%, 06/30/24 |
1,844,363 | 1,483,272 | ||||||
| Cohu, Inc. |
||||||||
| Term Loan B, 3.172%, 6M LIBOR + 3.000%, 10/01/25 |
230,696 | 229,975 | ||||||
| MACOM Technology Solutions Holdings, Inc. |
||||||||
| Term Loan, 2.334%, 1M LIBOR + 2.250%, 05/17/24 |
203,296 | 202,585 | ||||||
| MaxLinear, Inc. |
||||||||
| Term Loan B, 2.750%, 1M LIBOR + 2.250%, 06/23/28 |
799,304 | 796,057 | ||||||
| Ultra Clean Holdings, Inc. |
||||||||
| Term Loan B, 3.834%, 1M LIBOR + 3.750%, 08/27/25 |
1,098,150 | 1,101,581 | ||||||
|
|
|
|||||||
| 3,855,777 | ||||||||
|
|
|
|||||||
| Software—15.1% | ||||||||
| Applied Systems, Inc. |
6,490,211 | 6,496,298 | ||||||
| AppLovin Corp. |
||||||||
| Term Loan B, 3.334%, 1M LIBOR + 3.250%, 08/15/25 |
4,587,133 | 4,587,133 | ||||||
| Aptean, Inc. |
||||||||
| Term Loan, 4.334%, 1M LIBOR + 4.250%, 04/23/26 |
2,658,657 | 2,655,334 | ||||||
| AQA Acquisition Holding, Inc. |
||||||||
| Term Loan, 4.750%, 3M LIBOR + 4.250%, 03/03/28 |
798,000 | 801,990 | ||||||
| Ascend Learning LLC |
||||||||
| Term Loan B, 4.000%, 1M LIBOR + 3.000%, 07/12/24 |
1,344,000 | 1,345,470 | ||||||
| Incremental Term Loan, 4.750%, 1M LIBOR + |
346,500 | 347,410 | ||||||
| Athenahealth, Inc. |
||||||||
| Term Loan B1, 4.377%, 3M LIBOR + 4.250%, 02/11/26 |
3,174,671 | 3,187,370 | ||||||
| Banff Merger Sub, Inc. |
||||||||
| USD Term Loan, 3.882%, 3M LIBOR + 3.750%, 10/02/25 |
4,587,627 | 4,567,556 | ||||||
| Bracket Intermediate Holding Corp. |
800,250 | 799,916 | ||||||
| Camelot U.S. Acquisition 1 Co. |
||||||||
| Term Loan B, 3.084%, 1M LIBOR + 3.000%, 10/30/26 |
1,621,125 | 1,618,593 | ||||||
| Incremental Term Loan B, 4.000%, 1M LIBOR + 3.000%, 10/30/26 |
1,042,125 | 1,046,250 | ||||||
| CentralSquare Technologies LLC |
778,000 | 724,026 | ||||||
| Ceridian HCM Holding, Inc. |
||||||||
| Term Loan B, 2.572%, 1W LIBOR + 2.500%, 04/30/25 |
1,333,750 | 1,316,870 | ||||||
| Cloudera, Inc. |
||||||||
| Term Loan, 08/10/28 (b) |
3,050,000 | 3,050,952 | ||||||
| 2nd Lien Term Loan, 08/10/29 (b) |
850,000 | 850,000 | ||||||
| Term Loan B, 3.250%, 1M LIBOR + 2.500%, 12/22/27 |
547,250 | 547,319 | ||||||
| Constant Contact, Inc. |
||||||||
| Term Loan, 4.750%, 3M LIBOR + 4.000%, 02/10/28 |
1,796,453 | 1,798,325 | ||||||
| Cornerstone OnDemand, Inc. |
||||||||
| Term Loan B, 3.334%, 1M LIBOR + 3.250%, 04/22/27 |
3,050,340 | 3,051,292 | ||||||
| Creation Holdings, Inc. |
||||||||
| Term Loan, 09/14/28 (b) |
1,100,000 | 1,095,875 | ||||||
| Cvent, Inc. |
992,288 | 989,719 | ||||||
| E2open, LLC |
||||||||
| Term Loan B, 3.750%, 3M LIBOR + 3.250%, 02/04/28 |
1,172,938 | 1,174,404 | ||||||
| ECI Macola Max Holdings LLC |
||||||||
| Term Loan, 4.500%, 3M LIBOR + 3.750%, 11/09/27 |
1,291,497 | 1,293,434 | ||||||
| Epicor Software Corp. |
||||||||
| Term Loan, 4.000%, 1M LIBOR + 3.250%, 07/30/27 |
6,268,232 | 6,273,052 | ||||||
| Finastra USA, Inc. |
3,333,688 | 3,310,578 | ||||||
| First Advantage Holdings LLC |
||||||||
| Term Loan B, 2.834%, 1M LIBOR + 2.750%, 01/31/27 |
569,493 | 569,636 | ||||||
| Grab Holdings, Inc. |
||||||||
| Term Loan B, 5.500%, 6M LIBOR + 4.500%, 01/29/26 |
2,114,375 | 2,135,519 | ||||||
| Greeneden U.S., Holdings II LLC |
||||||||
| USD Term Loan B4, 4.750%, 1M LIBOR + |
796,000 | 799,669 | ||||||
| Hyland Software, Inc. |
||||||||
| Term Loan 3, 4.250%, 1M LIBOR + 3.500%, 07/01/24 |
8,684,048 | 8,706,661 | ||||||
BHFTI-119
Brighthouse Funds Trust I
Brighthouse/Eaton Vance Floating Rate Portfolio
Schedule of Investments as of September 30, 2021 (Unaudited)
Floating Rate Loans (a) —(Continued)
| Security Description | Principal Amount* |
Value | ||||||
| Software—(Continued) | ||||||||
| Informatica LLC |
||||||||
| Term Loan B, 3.334%, 1M LIBOR + 3.250%, 02/25/27 |
5,491,375 | $ | 5,479,706 | |||||
| Inovalon Holdings, Inc. |
||||||||
| Term Loan B1, 2.875%, 1M LIBOR + 2.750%, 04/02/25 |
1,056,827 | 1,057,062 | ||||||
| Ivanti Software, Inc. |
||||||||
| Add On Term Loan B, 4.750%, 3M LIBOR + |
671,625 | 674,353 | ||||||
| Term Loan B, 5.750%, 3M LIBOR + 4.750%, 12/01/27 |
2,388,000 | 2,397,850 | ||||||
| MA FinanceCo. LLC |
||||||||
| Term Loan B3, 2.837%, 1M LIBOR + 2.750%, 06/21/24 |
427,503 | 424,364 | ||||||
| Term Loan B, 5.250%, 3M LIBOR + 4.250%, 06/05/25 |
1,657,500 | 1,671,744 | ||||||
| Marcel LUX IV Sarl |
||||||||
| Term Loan B1, 3.334%, 1M LIBOR + 3.250%, 03/15/26 |
977,500 | 976,278 | ||||||
| USD Term Loan B, 4.750%, 1M LIBOR + 4.000%, 12/31/27 |
94,905 | 94,905 | ||||||
| Mavenir Systems, Inc. |
||||||||
| Term Loan B, 5.250%, 3M LIBOR + 4.750%, 08/13/28 |
425,000 | 426,416 | ||||||
| Maverick Bidco, Inc. |
||||||||
| Term Loan, 4.500%, 3M LIBOR + 3.750%, 05/18/28 |
925,000 | 926,041 | ||||||
| MedAssets Software Intermediate Holdings, Inc. |
423,938 | 424,534 | ||||||
| Navicure, Inc. |
||||||||
| Term Loan B, 4.084%, 1M LIBOR + 4.000%, 10/22/26 |
2,669,631 | 2,674,636 | ||||||
| Playtika Holding Corp. |
||||||||
| Term Loan, 2.834%, 1M LIBOR + 2.750%, 03/13/28 |
1,904,386 | 1,905,873 | ||||||
| PointClickCare Technologies, Inc. |
||||||||
| Term Loan B, 3.750%, 3M LIBOR + 3.000%, 12/29/27 |
547,250 | 547,934 | ||||||
| Polaris Newco LLC |
||||||||
| USD Term Loan B, 4.500%, 6M LIBOR + 4.000%, 06/02/28 |
2,575,000 | 2,583,691 | ||||||
| Poseidon Intermediate LLC |
||||||||
| Term Loan B, 4.084%, 1M LIBOR + 4.000%, 08/18/25 |
249,367 | 249,562 | ||||||
| Project Ruby Ultimate Parent Corp. |
||||||||
| Term Loan, 4.000%, 1M LIBOR + 3.250%, 03/03/28 |
1,069,625 | 1,069,040 | ||||||
| Rackspace Hosting, Inc. |
||||||||
| Term Loan, 3.500%, 02/15/28 |
1,368,125 | 1,359,186 | ||||||
| Realpage, Inc. |
2,700,000 | 2,694,171 | ||||||
| Renaissance Holding Corp. |
897,466 | 891,203 | ||||||
| Seattle Spinco, Inc. |
||||||||
| Term Loan B3, 2.834%, 1M LIBOR + 2.750%, 06/21/24 |
2,887,036 | 2,865,833 | ||||||
| Signify Health LLC |
||||||||
| Term Loan B, 3.750%, 3M LIBOR + 3.250%, 06/22/28 |
350,000 | 349,289 | ||||||
| SkillSoft Corp. |
||||||||
| Term Loan B, 5.500%, 3M LIBOR + 4.750%, 06/30/28 |
525,000 | 527,953 | ||||||
| Skopima Merger Sub, Inc. |
||||||||
| Term Loan B, 4.500%, 1M LIBOR + 4.000%, 05/12/28 |
1,175,000 | 1,170,594 | ||||||
| SolarWinds Holdings, Inc. |
||||||||
| Term Loan B, 2.834%, 1M LIBOR + 2.750%, 02/05/24 |
3,528,173 | 3,497,083 | ||||||
| Sophia L.P. |
397,000 | 398,944 | ||||||
| Sovos Compliance, LLC |
||||||||
| Delayed Draw Term Loan, 08/11/28 (d) |
117,808 | 118,673 | ||||||
| Term Loan, 5.000%, 3M LIBOR + 4.500%, 08/11/28 |
682,192 | 687,202 | ||||||
| Software—(Continued) | ||||||||
| SS&C Technologies, Inc. |
||||||||
| Term Loan B3, 1.834%, 1M LIBOR + 1.750%, 04/16/25 |
766,006 | 759,260 | ||||||
| Term Loan B4, 1.834%, 1M LIBOR + 1.750%, 04/16/25 |
580,052 | 574,947 | ||||||
| SurveyMonkey, Inc. |
||||||||
| Term Loan B, 3.830%, 1W LIBOR + 3.750%, 10/10/25 |
1,138,133 | 1,135,288 | ||||||
| Symplr Software, Inc. |
||||||||
| Term Loan, 5.250%, 12/22/27 |
721,375 | 724,711 | ||||||
| Thoughtworks, Inc. |
||||||||
| Term Loan B, 3.500%, 1M LIBOR + 3.000%, 03/23/28 |
342,056 | 342,377 | ||||||
| Tibco Software, Inc. |
||||||||
| Term Loan B3, 3.840%, 1M LIBOR + 3.750%, 06/30/26 |
3,909,013 | 3,900,460 | ||||||
| Ultimate Software Group, Inc. (The) |
||||||||
| Term Loan B, 3.834%, 1M LIBOR + 3.750%, 05/04/26 |
1,445,500 | 1,450,559 | ||||||
| Incremental Term Loan, 4.000%, 3M LIBOR + |
5,052,321 | 5,068,741 | ||||||
| Veritas U.S., Inc. |
||||||||
| USD Term Loan B, 6.000%, 3M LIBOR + 5.000%, 09/01/25 |
2,376,045 | 2,390,895 | ||||||
| VS Buyer, LLC |
||||||||
| Term Loan B, 3.084%, 1M LIBOR + 3.000%, 02/28/27 |
2,299,429 | 2,295,980 | ||||||
|
|
|
|||||||
| 121,927,989 | ||||||||
|
|
|
|||||||
| Telecommunications—3.5% | ||||||||
| Altice France S.A. |
||||||||
| Term Loan B13, 4.125%, 3M LIBOR + 4.000%, 08/14/26 |
1,238,569 | 1,237,352 | ||||||
| Avaya, Inc. |
||||||||
| Term Loan B2, 4.084%, 1M LIBOR + 4.000%, 12/15/27 |
200,000 | 200,499 | ||||||
| CenturyLink, Inc. |
||||||||
| Term Loan B, 2.334%, 1M LIBOR + 2.250%, 03/15/27 |
6,288,000 | 6,226,868 | ||||||
| Colorado Buyer, Inc. |
||||||||
| Term Loan B, 4.000%, 6M LIBOR + 3.000%, 05/01/24 |
1,460,188 | 1,451,517 | ||||||
| CommScope, Inc. |
||||||||
| Term Loan B, 3.334%, 1M LIBOR + 3.250%, 04/06/26 |
1,519,000 | 1,513,541 | ||||||
| Delta TopCo, Inc. |
||||||||
| Term Loan B, 4.500%, 3M LIBOR + 3.750%, 12/01/27 |
1,346,625 | 1,350,132 | ||||||
| Digicel International Finance, Ltd. |
1,464,014 | 1,416,890 | ||||||
| Intelsat Jackson Holdings S.A. DIP |
650,000 | 653,250 | ||||||
| Term Loan B4, 8.750%, PRIME + 5.500%, 01/02/24† |
1,600,000 | 1,632,000 | ||||||
| IPC Corp. |
880,630 | 874,025 | ||||||
| Level 3 Financing, Inc. |
1,720,372 | 1,701,785 | ||||||
| LogMeIn, Inc. |
1,761,688 | 1,762,926 | ||||||
| Numericable Group S.A. |
1,723,500 | 1,700,340 | ||||||
| Onvoy LLC 1st Lien |
796,308 | 796,764 | ||||||
| Plantronics, Inc. |
1,499,356 | 1,466,558 | ||||||
| SBA Senior Finance II LLC |
1,839,157 | 1,823,638 | ||||||
| West Corp. | ||||||||
| Term Loan B1, 4.500%, 3M LIBOR + 3.500%, 10/10/24 |
259,386 | 254,414 | ||||||
| Term Loan, 5.000%, 3M LIBOR + 4.000%, 10/10/24 |
1,421,880 | 1,403,091 | ||||||
| Zayo Group Holdings, Inc. |
1,126,546 | 1,118,043 | ||||||
|
|
|
|||||||
| 28,583,633 | ||||||||
|
|
|
|||||||
BHFTI-120
Brighthouse Funds Trust I
Brighthouse/Eaton Vance Floating Rate Portfolio
Schedule of Investments as of September 30, 2021 (Unaudited)
Floating Rate Loans (a) —(Continued)
| Security Description | Principal Amount* |
Value | ||||||
| Transportation—0.4% | ||||||||
| Kenan Advantage Group, Inc. |
2,308,134 | $ | 2,310,299 | |||||
| N-Able International Holdings II LLC |
450,000 | 450,844 | ||||||
| XPO Logistics, Inc. |
575,000 | 572,811 | ||||||
|
|
|
|||||||
| 3,333,954 | ||||||||
|
|
|
|||||||
| Total Floating Rate Loans |
751,375,940 | |||||||
|
|
|
|||||||
| Corporate Bonds & Notes—3.6% |
| |||||||
| Aerospace/Defense—0.4% | ||||||||
| TransDigm, Inc. |
3,000,000 | 3,127,500 | ||||||
|
|
|
|||||||
| Airlines—0.4% | ||||||||
| American Airlines, Inc./AAdvantage Loyalty IP, Ltd | ||||||||
| 5.500%, 04/20/26 (144A) |
2,000,000 | 2,102,500 | ||||||
| 5.750%, 04/20/29 (144A) |
1,500,000 | 1,616,250 | ||||||
|
|
|
|||||||
| 3,718,750 | ||||||||
|
|
|
|||||||
| Auto Parts & Equipment—0.2% | ||||||||
| Clarios Global L.P. |
225,000 | 237,375 | ||||||
| Clarios Global L.P. / Clarios U.S. Finance Co. |
1,215,000 | 1,276,540 | ||||||
|
|
|
|||||||
| 1,513,915 | ||||||||
|
|
|
|||||||
| Commercial Services—0.3% | ||||||||
| Allied Universal Holdco LLC / Allied Universal Finance Corp. |
725,000 | 766,528 | ||||||
| Garda World Security Corp. |
850,000 | 850,000 | ||||||
| Prime Security Services Borrower LLC / Prime Finance, Inc. |
625,000 | 666,594 | ||||||
| Sabre GLBL, Inc. |
300,000 | 346,737 | ||||||
|
|
|
|||||||
| 2,629,859 | ||||||||
|
|
|
|||||||
| Distribution/Wholesale—0.0% | ||||||||
| American Builders & Contractors Supply Co., Inc. |
275,000 | 280,844 | ||||||
|
|
|
|||||||
| Diversified Financial Services—0.1% | ||||||||
| AG Issuer LLC |
425,000 | 445,613 | ||||||
|
|
|
|||||||
| Electric—0.3% | ||||||||
| Calpine Corp. | ||||||||
| 4.500%, 02/15/28 (144A) |
300,000 | 306,000 | ||||||
| 5.250%, 06/01/26 (144A) |
2,000,000 | 2,057,460 | ||||||
|
|
|
|||||||
| 2,363,460 | ||||||||
|
|
|
|||||||
| Entertainment—0.1% | ||||||||
| SeaWorld Parks and Entertainment., Inc. |
250,000 | 268,474 | ||||||
| Six Flags Theme Parks, Inc. |
250,000 | 266,250 | ||||||
|
|
|
|||||||
| 534,724 | ||||||||
|
|
|
|||||||
| Environmental Control—0.1% | ||||||||
| GFL Environmental, Inc. |
625,000 | 644,531 | ||||||
|
|
|
|||||||
| Food—0.1% | ||||||||
| Del Monte Foods, Inc. |
975,000 | 1,099,312 | ||||||
|
|
|
|||||||
| Machinery-Diversified—0.1% | ||||||||
| Clark Equipment Co. |
125,000 | 130,781 | ||||||
| TK Elevator U.S. Newco, Inc. |
500,000 | 523,988 | ||||||
|
|
|
|||||||
| 654,769 | ||||||||
|
|
|
|||||||
| Media—0.4% | ||||||||
| Diamond Sports Group LLC / Diamond Sports Finance Co. |
550,000 | 363,000 | ||||||
| iHeartCommunications, Inc. | ||||||||
| 4.750%, 01/15/28 (144A) |
250,000 | 257,625 | ||||||
| 5.250%, 08/15/27 (144A) |
200,000 | 207,812 | ||||||
| 6.375%, 05/01/26 |
105,163 | 110,963 | ||||||
| 8.375%, 05/01/27 |
190,609 | 203,713 | ||||||
| Virgin Media Secured Finance plc |
800,000 | 813,000 | ||||||
| Ziggo B.V. |
1,597,000 | 1,650,899 | ||||||
|
|
|
|||||||
| 3,607,012 | ||||||||
|
|
|
|||||||
| Oil & Gas—0.2% | ||||||||
| CITGO Petroleum Corp. |
1,275,000 | 1,303,687 | ||||||
|
|
|
|||||||
| Pharmaceuticals—0.2% | ||||||||
| Endo Luxembourg Finance Co. I S.a.r.l. |
1,750,000 | 1,750,000 | ||||||
|
|
|
|||||||
| Real Estate—0.1% | ||||||||
| Cushman and Wakefield U.S. Borrower LLC |
375,000 | 406,875 | ||||||
|
|
|
|||||||
| Software—0.1% | ||||||||
| Boxer Parent Co., Inc. |
500,000 | 533,675 | ||||||
|
|
|
|||||||
BHFTI-121
Brighthouse Funds Trust I
Brighthouse/Eaton Vance Floating Rate Portfolio
Schedule of Investments as of September 30, 2021 (Unaudited)
Corporate Bonds & Notes—(Continued)
| Security Description | Shares/ Principal |
Value | ||||||
| Telecommunications—0.5% | ||||||||
| Altice France S.A. | ||||||||
| 5.500%, 01/15/28 (144A) |
475,000 | $ | 482,944 | |||||
| 7.375%, 05/01/26 (144A) |
220,000 | 228,272 | ||||||
| CommScope, Inc. |
2,000,000 | 2,076,660 | ||||||
| Lumen Technologies, Inc. |
1,500,000 | 1,532,700 | ||||||
|
|
|
|||||||
| 4,320,576 | ||||||||
|
|
|
|||||||
| Total Corporate Bonds & Notes |
28,935,102 | |||||||
|
|
|
|||||||
| Common Stocks—0.5% | ||||||||
| Commercial Services—0.0% | ||||||||
| IAP Worldwide Services LLC† (e) (f) (g) (h) |
44 | 218,632 | ||||||
|
|
|
|||||||
| Diversified Consumer Services—0.0% | ||||||||
| RDV Resources, Inc.—Class A (g) (h) |
21,140 | 2,114 | ||||||
|
|
|
|||||||
| Electric Utilities—0.0% | ||||||||
| Longview Intermediate Holdings Co. LLC (e) (f) (g) (h) |
39,089 | 311,148 | ||||||
|
|
|
|||||||
| Energy Equipment & Services—0.0% | ||||||||
| McDermott International, Inc. (g) (h) |
117,431 | 58,716 | ||||||
|
|
|
|||||||
| Health Care Equipment & Supplies—0.1% | ||||||||
| Akorn Holding Co. LLC (g) (h) |
56,220 | 623,103 | ||||||
|
|
|
|||||||
| Household Products—0.0% | ||||||||
| LG Parent Holding Co. (g) (h) |
9,472 | 38,677 | ||||||
|
|
|
|||||||
| Leisure Products—0.0% | ||||||||
| Cineworld Group plc (g) (h) |
121,458 | 67,916 | ||||||
|
|
|
|||||||
| Media—0.2% | ||||||||
| Clear Channel Outdoor Holdings, Inc. (g) (h) |
43,727 | 118,500 | ||||||
| Cumulus Media, Inc.—Class A (g) (h) |
40,548 | 496,713 | ||||||
| Global Eagle Entertainment (e) (f) (h) |
17,940 | 387,145 | ||||||
| iHeartMedia, Inc.—Class A (g) (h) |
18,596 | 465,272 | ||||||
|
|
|
|||||||
| 1,467,630 | ||||||||
|
|
|
|||||||
| Metals & Mining—0.0% | ||||||||
| ACNR Holdings, Inc. (g) (h) |
3,147 | 118,012 | ||||||
| AFG Holdings, Inc. (e) (f) (g) (h) |
24,746 | 193,019 | ||||||
|
|
|
|||||||
| 311,031 | ||||||||
|
|
|
|||||||
| Oil, Gas & Consumable Fuels—0.1% | ||||||||
| QuarterNorth Energy, Inc. (g) (h) |
6,095 | 618,643 | ||||||
| Sunrise Oil & Gas, Inc.—Class A (g) (h) |
12,446 | 31,115 | ||||||
|
|
|
|||||||
| 649,758 | ||||||||
|
|
|
|||||||
| Software—0.1% | ||||||||
| Skillsoft Corp.† (e) (g) (h) |
66,881 | 742,747 | ||||||
|
|
|
|||||||
| Specialty Retail—0.0% | ||||||||
| David’s Bridal, Inc. (e) (f) (g) (h) |
18,015 | 0 | ||||||
| Philips Pet Holding Corp. (e) (f) (g) (h) |
62 | 24,067 | ||||||
|
|
|
|||||||
| 24,067 | ||||||||
|
|
|
|||||||
| Total Common Stocks |
4,515,539 | |||||||
|
|
|
|||||||
| Preferred Stocks—0.1% | ||||||||
| Household Products—0.0% | ||||||||
| LG Parent Holding Co. |
1,428 | 139,896 | ||||||
|
|
|
|||||||
| Metals & Mining—0.1% | ||||||||
| ACNR Holdings, Inc. |
1,486 | 302,153 | ||||||
|
|
|
|||||||
| Specialty Retail—0.0% | ||||||||
| David’s Bridal, Inc. |
| |||||||
| Series A, (e) (f) (g) |
501 | 0 | ||||||
| Series B, (e) (f) (g) |
2,042 | 0 | ||||||
| DBI Investors, Inc. Series A (e) (f) (g) |
852 | 0 | ||||||
|
|
|
|||||||
| 0 | ||||||||
|
|
|
|||||||
| Total Preferred Stocks |
442,049 | |||||||
|
|
|
|||||||
| Warrants—0.0% | ||||||||
| Healthcare-Services—0.0% | ||||||||
| Alliance Healthcare Services, Inc. (1st Lien Post Capital), Expires 11/15/21 (e) (f) (h) |
1,162 | 0 | ||||||
|
|
|
|||||||
| Oil, Gas & Consumable Fuels—0.0% | ||||||||
| QuarterNorth Energy Holding, Inc., Expires 08/27/28 (h) |
3,818 | 387,527 | ||||||
|
|
|
|||||||
| Specialty Retail—0.0% | ||||||||
| David’s Bridal, Inc. (e) (f) (g) (h) |
3,478 | 0 | ||||||
|
|
|
|||||||
| Total Warrants |
387,527 | |||||||
|
|
|
|||||||
BHFTI-122
Brighthouse Funds Trust I
Brighthouse/Eaton Vance Floating Rate Portfolio
Schedule of Investments as of September 30, 2021 (Unaudited)
Short-Term Investment—4.0%
| Security Description | Principal Amount* |
Value | ||||||
| Repurchase Agreement—4.0% | ||||||||
| Fixed Income Clearing Corp. |
32,136,937 | $ | 32,136,937 | |||||
|
|
|
|||||||
| Total Short-Term Investments |
32,136,937 | |||||||
|
|
|
|||||||
| Total Investments—101.5% |
817,793,094 | |||||||
| Unfunded Loan Commitments—(0.1)% |
(1,023,674 | ) | ||||||
| Net Investments—101.4% |
816,769,420 | |||||||
| Other assets and liabilities (net)—(1.4)% |
(11,174,277 | ) | ||||||
|
|
|
|||||||
| Net Assets—100.0% | $ | 805,595,143 | ||||||
|
|
|
|||||||
| * | Principal amount stated in U.S. dollars unless otherwise noted. | |||
| † | Restricted securities are not registered under the Securities Act of 1933 and are subject to legal restrictions on resale. These securities generally may be resold in transactions exempt from registration or to the public if the securities are subsequently registered. Disposal of these securities may involve time-consuming negotiations and prompt sale at an acceptable price may be difficult. As of September 30, 2021, the market value of restricted securities was $4,239,463, which is 0.5% of net assets. See details shown in the Restricted Securities table that follows. | |||
| (a) | Floating rate loans (“Senior Loans”) often require prepayments from excess cash flows or permit the borrowers to repay at their election. The degree to which borrowers repay, whether as a contractual requirement or at their election, cannot be predicted with accuracy. As a result, the actual remaining maturity may be substantially less than the stated maturities shown. However, Senior Loans will generally have an expected average life of approximately two to four years. Senior Loans typically have rates of interest which are determined periodically by reference to a base lending rate, plus a spread. These base rates are primarily the London Interbank Offered Rate and secondarily, the prime rate offered by one or more major United States banks. Base lending rates may be subject to a floor, or a minimum rate. | |||
| (b) | This loan will settle after September 30, 2021, at which time the interest rate will be determined. | |||
| (c) | Non-income producing; security is in default and/or issuer is in bankruptcy. | |||
| (d) | Unfunded or partially unfunded loan commitments. The Portfolio may enter into certain credit agreements for which all or a portion may be unfunded. The Portfolio is obligated to fund these commitments at the borrower’s discretion. | |||
| (e) | Security was valued in good faith under procedures approved by the Board of Trustees. As of September 30, 2021, these securities represent 0.4% of net assets. | |||
| (f) | Significant unobservable inputs were used in the valuation of this portfolio security; i.e. Level 3. | |||
| (g) | Security was acquired in connection with a restructuring of a senior loan and may be subject to restrictions on resale. | |||
| (h) | Non-income producing security. | |||
| (144A)— | Securities exempt from registration under Rule 144A of the Securities Act of 1933. These securities may be resold in transactions exempt from registration, normally to qualified institutional buyers. As of September 30, 2021, the market value of 144A securities was $28,620,426, which is 3.6% of net assets. | |||
| Restricted Securities | Acquisition Date | Shares/ Principal Amount |
Cost | Value | ||||||||||||
| Diamond Sports Group, LLC, 3.340%, 08/24/26 |
07/18/19 | 2,621,500 | $ | 2,612,324 | $ | 1,646,084 | ||||||||||
| IAP Worldwide Services LLC |
07/18/14-07/24/14 | 44 | 52,138 | 218,632 | ||||||||||||
| Intelsat Jackson Holdings S.A., 8.750%, 01/02/24 |
12/14/17 | 1,600,000 | 1,600,000 | 1,632,000 | ||||||||||||
| Skillsoft Corp. |
06/30/21 | 66,881 | 668,810 | 742,747 | ||||||||||||
|
|
|
|||||||||||||||
| $ | 4,239,463 | |||||||||||||||
|
|
|
|||||||||||||||
Glossary of Abbreviations
Index Abbreviations
| (LIBOR)— | London Interbank Offered Rate | |||
| (PRIME)— | U.S. Federal Reserve Prime Rate | |||
Other Abbreviations
| (REIT)— | Real Estate Investment Trust | |||
BHFTI-123
Brighthouse Funds Trust I
Brighthouse/Eaton Vance Floating Rate Portfolio
Schedule of Investments as of September 30, 2021 (Unaudited)
Fair Value Hierarchy
Accounting principles generally accepted in the United States of America (“GAAP”) define fair market value as the price that the Portfolio would receive to sell an asset or pay to transfer a liability in an orderly transaction between market participants at the measurement date. It establishes a fair value hierarchy that prioritizes inputs to valuation methods and requires disclosure of the fair value hierarchy, separately for each major category of assets and liabilities, that segregates fair value measurements into three levels. Levels 1, 2 and 3 of the fair value hierarchy are defined as follows:
Level 1 - unadjusted quoted prices in active markets for identical investments
Level 2 - other significant observable inputs (including, but not limited to, quoted prices for similar assets or liabilities in markets that are either active or inactive; inputs other than quoted prices that are observable such as interest rates, yield curves, volatilities, prepayment speeds, loss severities, credit risks, default rates, or other market corroborated inputs)
Level 3 - significant unobservable inputs based on the best information available in the circumstances, to the extent observable inputs are unavailable (including the Portfolio’s own assumptions used in determining the fair value of investments and derivative financial instruments)
The inputs or methodologies used for valuing investments are not necessarily an indication of the risk associated with investing in them. Changes to the inputs or methodologies used may result in transfers between levels. A reconciliation of Level 3 securities, if any, will be disclosed following the fair value hierarchy table. For more information about the Portfolio’s policy regarding the valuation of investments, please refer to the Notes to Schedule of Investments.
The following table summarizes the fair value hierarchy of the Portfolio’s investments as of September 30, 2021:
| Description | Level 1 | Level 2 | Level 3 | Total | ||||||||||||
| Floating Rate Loans | ||||||||||||||||
| Advertising |
$ | — | $ | 2,484,860 | $ | — | $ | 2,484,860 | ||||||||
| Aerospace/Defense |
— | 13,349,650 | — | 13,349,650 | ||||||||||||
| Airlines |
— | 3,828,069 | — | 3,828,069 | ||||||||||||
| Auto Manufacturers |
— | 1,118,213 | — | 1,118,213 | ||||||||||||
| Auto Parts & Equipment |
— | 21,880,095 | — | 21,880,095 | ||||||||||||
| Beverages |
— | 3,009,353 | — | 3,009,353 | ||||||||||||
| Building Materials |
— | 16,737,603 | — | 16,737,603 | ||||||||||||
| Chemicals |
— | 29,075,229 | — | 29,075,229 | ||||||||||||
| Coal |
— | 719,180 | — | 719,180 | ||||||||||||
| Commercial Services |
— | 55,401,938 | — | 55,401,938 | ||||||||||||
| Computers |
— | 19,792,398 | — | 19,792,398 | ||||||||||||
| Cosmetics/Personal Care |
— | 4,626,736 | — | 4,626,736 | ||||||||||||
| Distribution/Wholesale |
— | 8,155,477 | — | 8,155,477 | ||||||||||||
| Diversified Financial Services (Less Unfunded Loan Commitments of $260,938) |
— | 36,826,037 | — | 36,826,037 | ||||||||||||
| Electric |
— | 6,360,004 | — | 6,360,004 | ||||||||||||
| Electrical Components & Equipment |
— | 990,032 | — | 990,032 | ||||||||||||
| Electronics |
— | 1,400,893 | — | 1,400,893 | ||||||||||||
| Engineering & Construction |
— | 6,106,162 | — | 6,106,162 | ||||||||||||
| Entertainment |
— | 17,644,169 | — | 17,644,169 | ||||||||||||
| Environmental Control |
— | 10,516,507 | — | 10,516,507 | ||||||||||||
| Food |
— | 14,786,618 | — | 14,786,618 | ||||||||||||
| Food Service |
— | 1,712,686 | — | 1,712,686 | ||||||||||||
| Forest Products & Paper |
— | 1,576,068 | — | 1,576,068 | ||||||||||||
| Gas |
— | 907,860 | — | 907,860 | ||||||||||||
| Hand/Machine Tools |
— | 3,173,513 | — | 3,173,513 | ||||||||||||
| Healthcare-Products |
— | 7,537,474 | — | 7,537,474 | ||||||||||||
| Healthcare-Services (Less Unfunded Loan Commitments of $88,096) |
— | 41,474,329 | — | 41,474,329 | ||||||||||||
| Holding Companies-Diversified |
— | 541,389 | — | 541,389 | ||||||||||||
| Home Builders |
— | 930,449 | — | 930,449 | ||||||||||||
| Home Furnishings |
— | 2,127,571 | — | 2,127,571 | ||||||||||||
| Household Products/Wares |
— | 1,141,114 | — | 1,141,114 | ||||||||||||
| Housewares |
— | 539,419 | — | 539,419 | ||||||||||||
| Insurance |
— | 27,414,711 | — | 27,414,711 | ||||||||||||
| Internet |
— | 24,361,476 | — | 24,361,476 | ||||||||||||
| Investment Companies |
— | 1,705,792 | — | 1,705,792 | ||||||||||||
| Iron/Steel |
— | 1,519,964 | — | 1,519,964 | ||||||||||||
| Leisure Time |
— | 12,084,228 | — | 12,084,228 | ||||||||||||
| Lodging |
— | 8,819,445 | — | 8,819,445 | ||||||||||||
| Machinery-Construction & Mining |
— | 3,969,603 | — | 3,969,603 | ||||||||||||
| Machinery-Diversified |
— | 11,871,668 | — | 11,871,668 | ||||||||||||
| Media |
— | 43,509,953 | — | 43,509,953 | ||||||||||||
BHFTI-124
Brighthouse Funds Trust I
Brighthouse/Eaton Vance Floating Rate Portfolio
Schedule of Investments as of September 30, 2021 (Unaudited)
Fair Value Hierarchy—(Continued)
| Description | Level 1 | Level 2 | Level 3 | Total | ||||||||||||
| Metal Fabricate/Hardware (Less Unfunded Loan Commitments of $76,523) |
$ | — | $ | 9,619,662 | $ | — | $ | 9,619,662 | ||||||||
| Mining |
— | 336,272 | — | 336,272 | ||||||||||||
| Miscellaneous Manufacturing (Less Unfunded Loan Commitments of $196,875) |
— | 11,406,770 | — | 11,406,770 | ||||||||||||
| Oil & Gas |
— | 7,746,025 | — | 7,746,025 | ||||||||||||
| Oil & Gas Services |
— | 422,404 | — | 422,404 | ||||||||||||
| Packaging & Containers (Less Unfunded Loan Commitments of $175,100) |
— | 17,359,385 | — | 17,359,385 | ||||||||||||
| Pharmaceuticals |
— | 36,146,794 | — | 36,146,794 | ||||||||||||
| Pipelines |
— | 5,054,125 | — | 5,054,125 | ||||||||||||
| Real Estate |
— | 4,086,656 | — | 4,086,656 | ||||||||||||
| Real Estate Investment Trusts |
— | 1,657,559 | — | 1,657,559 | ||||||||||||
| Retail |
— | 26,777,621 | 535,847 | 27,313,468 | ||||||||||||
| Semiconductors |
— | 3,855,777 | — | 3,855,777 | ||||||||||||
| Software (Less Unfunded Loan Commitments of $117,809) |
— | 121,810,180 | — | 121,810,180 | ||||||||||||
| Telecommunications (Less Unfunded Loan Commitments of $108,333) |
— | 28,475,300 | — | 28,475,300 | ||||||||||||
| Transportation |
— | 3,333,954 | — | 3,333,954 | ||||||||||||
| Total Floating Rate Loans (Less Unfunded Loan Commitments of $1,023,674) |
— | 749,816,419 | 535,847 | 750,352,266 | ||||||||||||
| Total Corporate Bonds & Notes* |
— | 28,935,102 | — | 28,935,102 | ||||||||||||
| Common Stocks | ||||||||||||||||
| Commercial Services |
— | — | 218,632 | 218,632 | ||||||||||||
| Diversified Consumer Services |
— | 2,114 | — | 2,114 | ||||||||||||
| Electric Utilities |
— | — | 311,148 | 311,148 | ||||||||||||
| Energy Equipment & Services |
58,716 | — | — | 58,716 | ||||||||||||
| Health Care Equipment & Supplies |
— | 623,103 | — | 623,103 | ||||||||||||
| Household Products |
— | 38,677 | — | 38,677 | ||||||||||||
| Leisure Products |
— | 67,916 | — | 67,916 | ||||||||||||
| Media |
1,080,485 | — | 387,145 | 1,467,630 | ||||||||||||
| Metals & Mining |
— | 118,012 | 193,019 | 311,031 | ||||||||||||
| Oil, Gas & Consumable Fuels |
— | 649,758 | — | 649,758 | ||||||||||||
| Software |
— | 742,747 | — | 742,747 | ||||||||||||
| Specialty Retail |
— | — | 24,067 | 24,067 | ||||||||||||
| Total Common Stocks |
1,139,201 | 2,242,327 | 1,134,011 | 4,515,539 | ||||||||||||
| Preferred Stocks | ||||||||||||||||
| Household Products |
139,896 | — | — | 139,896 | ||||||||||||
| Metals & Mining |
302,153 | — | — | 302,153 | ||||||||||||
| Specialty Retail |
— | — | 0 | 0 | ||||||||||||
| Total Preferred Stocks |
442,049 | — | 0 | 442,049 | ||||||||||||
| Warrants | ||||||||||||||||
| Healthcare-Services |
— | — | 0 | 0 | ||||||||||||
| Oil, Gas & Consumable Fuels |
— | 387,527 | — | 387,527 | ||||||||||||
| Specialty Retail |
— | — | 0 | 0 | ||||||||||||
| Total Warrants |
— | 387,527 | 0 | 387,527 | ||||||||||||
| Total Short-Term Investment* |
— | 32,136,937 | — | 32,136,937 | ||||||||||||
| Total Net Investments |
$ | 1,581,250 | $ | 813,518,312 | $ | 1,669,858 | $ | 816,769,420 | ||||||||
| * | See Schedule of Investments for additional detailed categorizations. | |||
Level 3 investments at the beginning and/or end of the period in relation to net assets were not significant and accordingly, a reconciliation of Level 3 assets for the period ended September 30, 2021 is not presented.
During the period ended September 30, 2021, a transfer from Level 3 to Level 2 in the amount of $358,137 was due to the initiation of trading activity which resulted in the availability of significant observable inputs.
BHFTI-125
Brighthouse Funds Trust I
Brighthouse/Franklin Low Duration Total Return Portfolio
Schedule of Investments as of September 30, 2021 (Unaudited)
U.S. Treasury & Government Agencies—43.4% of Net Assets
| Security Description | Principal Amount* |
Value | ||||||
| Agency Sponsored Mortgage-Backed—6.8% | ||||||||
| Fannie Mae 15 Yr. Pool |
123,785 | $ | 129,733 | |||||
| 4.500%, 03/01/25 |
339,400 | 357,729 | ||||||
| Fannie Mae ARM Pool |
2,969 | 2,986 | ||||||
| 1.262%, 6M LIBOR + 1.008%, 11/01/33 (a) |
645 | 640 | ||||||
| 1.480%, 6M LIBOR + 1.230%, 03/01/28 (a) |
2,409 | 2,419 | ||||||
| 1.547%, 6M LIBOR + 1.401%, 03/01/35 (a) |
12,158 | 12,556 | ||||||
| 1.621%, 6M LIBOR + 1.413%, 11/01/34 (a) |
3,905 | 3,942 | ||||||
| 1.625%, 12M LIBOR + 1.375%, 07/01/33 (a) |
12,029 | 12,123 | ||||||
| 1.648%, 6M LIBOR + 1.430%, 02/01/36 (a) |
22,064 | 22,843 | ||||||
| 1.665%, 6M LIBOR + 1.415%, 06/01/32 (a) |
7,719 | 7,759 | ||||||
| 1.684%, 6M LIBOR + 1.434%, 12/01/32 (a) |
166,300 | 167,449 | ||||||
| 1.726%, 6M LIBOR + 1.585%, 03/01/36 (a) |
50,564 | 52,642 | ||||||
| 1.748%, 6M LIBOR + 1.570%, 11/01/35 (a) |
32,240 | 33,524 | ||||||
| 1.752%, 12M LIBOR + 1.502%, 07/01/33 (a) |
27,773 | 27,892 | ||||||
| 1.788%, 6M LIBOR + 1.538%, 09/01/35 (a) |
4,689 | 4,736 | ||||||
| 1.794%, 6M LIBOR + 1.544%, 12/01/34 (a) |
23,545 | 24,442 | ||||||
| 1.795%, 12M LIBOR + 1.420%, 03/01/36 (a) |
4,748 | 4,756 | ||||||
| 1.800%, 1Y H15 + 1.675%, 11/01/32 (a) |
8,271 | 8,259 | ||||||
| 1.869%, 6M LIBOR + 1.663%, 03/01/37 (a) |
2,858 | 2,986 | ||||||
| 1.870%, 6M LIBOR + 1.620%, 11/01/32 (a) |
19,843 | 19,913 | ||||||
| 1.895%, 1Y H15 + 1.770%, 09/01/37 (a) |
2,892 | 2,913 | ||||||
| 1.895%, 12M LIBOR + 1.645%, 09/01/39 (a) |
1,970 | 1,976 | ||||||
| 1.900%, 12M LIBOR + 1.650%, 05/01/33 (a) |
7,643 | 7,682 | ||||||
| 1.905%, 12M LIBOR + 1.530%, 02/01/33 (a) |
29,418 | 29,440 | ||||||
| 1.916%, 12M LIBOR + 1.625%, 03/01/33 (a) |
21,399 | 21,604 | ||||||
| 1.922%, 12M LIBOR + 1.613%, 01/01/36 (a) |
24,024 | 25,035 | ||||||
| 1.925%, 12M LIBOR + 1.550%, 02/01/44 (a) |
27,019 | 26,993 | ||||||
| 1.931%, 12M LIBOR + 1.707%, 08/01/37 (a) |
5,317 | 5,613 | ||||||
| 1.946%, 6M LIBOR + 1.717%, 04/01/36 (a) |
19,635 | 20,476 | ||||||
| 1.960%, 12M LIBOR + 1.585%, 02/01/36 (a) |
10,226 | 10,325 | ||||||
| 1.970%, 12M LIBOR + 1.720%, 08/01/35 (a) |
24,741 | 24,956 | ||||||
| 1.982%, 12M LIBOR + 1.710%, 09/01/37 (a) |
957 | 974 | ||||||
| 2.000%, 1Y H15 + 1.876%, 02/01/25 (a) |
22,509 | 22,509 | ||||||
| 2.000%, 12M LIBOR + 1.750%, 04/01/34 (a) |
31,985 | 32,159 | ||||||
| 2.011%, 6M LIBOR + 1.761%, 06/01/28 (a) |
1,517 | 1,530 | ||||||
| 2.016%, 12M LIBOR + 1.665%, 11/01/36 (a) |
747,681 | 787,679 | ||||||
| 2.041%, 1Y H15 + 1.947%, 08/01/29 (a) |
1,127 | 1,128 | ||||||
| 2.087%, 1Y H15 + 2.010%, 06/01/25 (a) |
19,524 | 19,583 | ||||||
| 2.087%, 12M LIBOR + 1.690%, 11/01/35 (a) |
14,691 | 14,901 | ||||||
| 2.088%, 12M LIBOR + 1.713%, 02/01/32 (a) |
58,849 | 59,120 | ||||||
| 2.107%, 12M LIBOR + 1.810%, 04/01/40 (a) |
1,880 | 1,887 | ||||||
| 2.123%, 1Y H15 + 1.998%, 10/01/32 (a) |
10,098 | 10,089 | ||||||
| 2.123%, 12M LIBOR + 1.713%, 09/01/35 (a) |
1,119,274 | 1,180,938 | ||||||
| 2.136%, 12M LIBOR + 1.660%, 11/01/36 (a) |
296 | 305 | ||||||
| 2.149%, 1Y H15 + 2.149%, 08/01/33 (a) |
40,580 | 40,442 | ||||||
| 2.153%, 12M LIBOR + 1.778%, 12/01/35 (a) |
111,939 | 111,946 | ||||||
| 2.155%, 12M LIBOR + 1.655%, 08/01/34 (a) |
916 | 917 | ||||||
| 2.172%, 1Y H15 + 2.083%, 07/01/33 (a) |
17,120 | 17,202 | ||||||
| 2.185%, 12M LIBOR + 1.810%, 04/01/35 (a) |
168,290 | 174,668 | ||||||
| 2.190%, 12M LIBOR + 1.815%, 03/01/36 (a) |
9,616 | 9,711 | ||||||
| 2.198%, 12M LIBOR + 1.698%, 10/01/33 (a) |
26,704 | 26,942 | ||||||
| 2.208%, 12M LIBOR + 1.833%, 08/01/32 (a) |
43,901 | 44,073 | ||||||
| 2.223%, 1Y H15 + 2.223%, 07/01/35 (a) |
7,376 | 7,645 | ||||||
| 2.230%, 1Y H15 + 2.105%, 07/01/25 (a) |
94 | 94 | ||||||
| Agency Sponsored Mortgage-Backed—(Continued) | ||||||||
| Fannie Mae ARM Pool |
21,014 | 21,069 | ||||||
| 2.241%, 12M LIBOR + 1.905%, 11/01/35 (a) |
319,842 | 338,806 | ||||||
| 2.253%, 12M LIBOR + 1.841%, 03/01/36 (a) |
15,373 | 15,487 | ||||||
| 2.270%, 1Y H15 + 2.175%, 11/01/35 (a) |
1,019,922 | 1,085,450 | ||||||
| 2.273%, 12M LIBOR + 1.773%, 10/01/36 (a) |
1,645 | 1,742 | ||||||
| 2.277%, 1Y H15 + 2.152%, 12/01/33 (a) |
38,545 | 38,893 | ||||||
| 2.280%, 1Y H15 + 2.280%, 07/01/32 (a) |
2,127 | 2,134 | ||||||
| 2.290%, 1Y H15 + 2.290%, 08/01/32 (a) |
6,665 | 6,656 | ||||||
| 2.296%, 1Y H15 + 2.223%, 03/01/38 (a) |
7,215 | 7,299 | ||||||
| 2.300%, 1Y H15 + 2.300%, 09/01/32 (a) |
2,143 | 2,147 | ||||||
| 2.309%, 1Y H15 + 2.235%, 09/01/36 (a) |
331 | 332 | ||||||
| 2.317%, 1Y H15 + 2.214%, 04/01/27 (a) |
732 | 737 | ||||||
| 2.336%, 1Y H15 + 2.231%, 09/01/33 (a) |
2,780 | 2,794 | ||||||
| 2.368%, 1Y H15 + 2.284%, 01/01/32 (a) |
1,613 | 1,656 | ||||||
| 2.395%, 1Y H15 + 2.270%, 01/01/32 (a) |
6,737 | 6,734 | ||||||
| 2.400%, 6M LIBOR + 2.275%, 08/01/32 (a) |
22,391 | 22,507 | ||||||
| 2.400%, 1Y H15 + 2.275%, 06/01/35 (a) |
39,418 | 39,339 | ||||||
| 2.410%, 1Y H15 + 2.285%, 02/01/35 (a) |
29,103 | 29,073 | ||||||
| 2.422%, 1Y H15 + 2.360%, 11/01/34 (a) |
1,132,884 | 1,204,500 | ||||||
| 2.500%, 6M LIBOR + 2.250%, 10/01/33 (a) |
17,983 | 18,139 | ||||||
| 2.504%, 1Y H15 + 2.406%, 09/01/33 (a) |
714 | 716 | ||||||
| 2.562%, 1Y H15 + 2.437%, 04/01/36 (a) |
2,300 | 2,337 | ||||||
| 2.592%, 1Y H15 + 2.525%, 07/01/28 (a) |
1,650 | 1,653 | ||||||
| 2.650%, 1Y H15 + 2.525%, 05/01/32 (a) |
789 | 791 | ||||||
| 2.663%, 1Y H15 + 2.163%, 07/01/33 (a) |
19,955 | 19,907 | ||||||
| 2.749%, 1Y H15 + 2.174%, 03/01/30 (a) |
469 | 468 | ||||||
| 2.788%, 1Y H15 + 2.270%, 08/01/30 (a) |
10,493 | 10,514 | ||||||
| 2.819%, 1Y H15 + 2.270%, 01/01/29 (a) |
7,735 | 7,746 | ||||||
| Fannie Mae Connecticut Avenue Securities (CMO) |
2,321,206 | 2,349,253 | ||||||
| 2.986%, 1M LIBOR + 2.900%, 07/25/24 (a) |
1,191,849 | 1,214,507 | ||||||
| 3.086%, 1M LIBOR + 3.000%, 07/25/24 (a) |
2,357,689 | 2,398,488 | ||||||
| 4.086%, 1M LIBOR + 4.000%, 05/25/25 (a) |
1,748,893 | 1,777,524 | ||||||
| 4.336%, 1M LIBOR + 4.250%, 01/25/29 (a) |
1,207,002 | 1,251,189 | ||||||
| 4.336%, 1M LIBOR + 4.250%, 04/25/29 (a) |
959,418 | 994,037 | ||||||
| 4.386%, 1M LIBOR + 4.300%, 02/25/25 (a) |
1,668,361 | 1,702,628 | ||||||
| 4.436%, 1M LIBOR + 4.350%, 05/25/29 (a) |
2,080,061 | 2,167,435 | ||||||
| 4.536%, 1M LIBOR + 4.450%, 01/25/29 (a) |
1,449,734 | 1,503,548 | ||||||
| 4.986%, 1M LIBOR + 4.900%, 11/25/24 (a) |
2,013,718 | 2,088,728 | ||||||
| 5.086%, 1M LIBOR + 5.000%, 11/25/24 (a) |
564,153 | 575,526 | ||||||
| 5.086%, 1M LIBOR + 5.000%, 07/25/25 (a) |
1,706,557 | 1,748,310 | ||||||
| 5.336%, 1M LIBOR + 5.250%, 10/25/23 (a) |
1,572,733 | 1,636,143 | ||||||
| 7.036%, 1M LIBOR + 6.950%, 08/25/28 (a) |
1,571,238 | 1,666,973 | ||||||
| Freddie Mac REMICS (CMO) |
95,356 | 96,688 | ||||||
| Freddie Mac Structured Agency Credit Risk Debt Notes (CMO) |
7,209 | 7,212 | ||||||
| 3.686%, 1M LIBOR + 3.600%, 04/25/24 (a) |
828,979 | 846,164 | ||||||
| 3.836%, 1M LIBOR + 3.750%, 09/25/24 (a) |
3,010,490 | 3,112,380 | ||||||
| 4.086%, 1M LIBOR + 4.000%, 08/25/24 (a) |
104,964 | 107,536 | ||||||
| 4.186%, 1M LIBOR + 4.100%, 08/25/24 (a) |
506,325 | 512,248 | ||||||
| 4.636%, 1M LIBOR + 4.550%, 10/25/24 (a) |
1,620,860 | 1,669,925 | ||||||
| 4.736%, 1M LIBOR + 4.650%, 10/25/28 (a) |
2,939,002 | 3,050,363 | ||||||
| 4.836%, 1M LIBOR + 4.750%, 10/25/24 (a) |
118,851 | 119,872 | ||||||
| 5.236%, 1M LIBOR + 5.150%, 11/25/28 (a) |
2,209,749 | 2,280,552 | ||||||
BHFTI-126
Brighthouse Funds Trust I
Brighthouse/Franklin Low Duration Total Return Portfolio
Schedule of Investments as of September 30, 2021 (Unaudited)
U.S. Treasury & Government Agencies—(Continued)
| Security Description | Principal Amount* |
Value | ||||||
| Agency Sponsored Mortgage-Backed—(Continued) | ||||||||
| Freddie Mac Structured Agency Credit Risk Debt Notes (CMO) |
5,007,619 | $ | 5,252,027 | |||||
| Uniform Mortgage-Backed Securities 15 Yr. Pool |
21,631,000 | 22,277,395 | ||||||
|
|
|
|||||||
| 68,939,061 | ||||||||
|
|
|
|||||||
| U.S. Treasury—36.6% | ||||||||
| U.S. Treasury Notes |
30,000,000 | 30,600,000 | ||||||
| 1.500%, 02/28/23 |
29,000,000 | 29,546,015 | ||||||
| 1.625%, 11/15/22 (c) |
28,000,000 | 28,472,500 | ||||||
| 1.625%, 04/30/23 |
32,000,000 | 32,716,250 | ||||||
| 1.625%, 05/31/23 |
18,000,000 | 18,419,766 | ||||||
| 1.750%, 03/31/22 |
19,000,000 | 19,160,312 | ||||||
| 1.750%, 05/15/22 (c) (d) |
10,000,000 | 10,105,469 | ||||||
| 1.875%, 08/31/22 |
10,000,000 | 10,164,063 | ||||||
| 2.500%, 08/15/23 |
45,000,000 | 46,882,617 | ||||||
| 2.625%, 02/28/23 |
15,000,000 | 15,518,555 | ||||||
| 2.750%, 05/31/23 |
18,000,000 | 18,755,859 | ||||||
| 2.750%, 08/31/23 |
20,000,000 | 20,946,094 | ||||||
| 2.750%, 11/15/23 |
29,000,000 | 30,493,047 | ||||||
| 2.875%, 10/31/23 |
19,000,000 | 20,010,859 | ||||||
| 2.875%, 11/30/23 (c) |
25,000,000 | 26,372,070 | ||||||
| 2.875%, 07/31/25 |
12,500,000 | 13,502,930 | ||||||
|
|
|
|||||||
| 371,666,406 | ||||||||
|
|
|
|||||||
| Total U.S. Treasury & Government Agencies |
440,605,467 | |||||||
|
|
|
|||||||
| Corporate Bonds & Notes—24.7% |
| |||||||
| Aerospace/Defense—0.7% | ||||||||
| Boeing Co. (The) |
2,600,000 | 2,619,167 | ||||||
| General Dynamics Corp. |
3,300,000 | 3,542,014 | ||||||
| TransDigm, Inc. |
900,000 | 938,250 | ||||||
|
|
|
|||||||
| 7,099,431 | ||||||||
|
|
|
|||||||
| Agriculture—0.3% | ||||||||
| Altria Group, Inc. |
2,200,000 | 2,281,054 | ||||||
| Imperial Brands Finance plc |
300,000 | 315,656 | ||||||
|
|
|
|||||||
| 2,596,710 | ||||||||
|
|
|
|||||||
| Airlines—0.8% | ||||||||
| American Airlines, Inc./AAdvantage Loyalty IP, Ltd |
1,500,000 | 1,576,875 | ||||||
| Delta Air Lines, Inc. / SkyMiles IP, Ltd. |
4,700,000 | 5,029,000 | ||||||
| Hawaiian Brand Intellectual Property Ltd. / HawaiianMiles Loyalty, Ltd. |
800,000 | 837,000 | ||||||
| Airlines—(Continued) | ||||||||
| United Airlines Pass-Through Trust |
186,850 | 197,863 | ||||||
| United Airlines, Inc. |
100,000 | 102,625 | ||||||
|
|
|
|||||||
| 7,743,363 | ||||||||
|
|
|
|||||||
| Banks—5.6% | ||||||||
| Akbank T.A.S. |
700,000 | 699,860 | ||||||
| Bank of America Corp. |
2,155,000 | 2,220,878 | ||||||
| 3.550%, 3M LIBOR + 0.780%, 03/05/24 (a) |
3,700,000 | 3,857,040 | ||||||
| BNP Paribas S.A. |
700,000 | 718,466 | ||||||
| BPCE S.A. |
3,000,000 | 3,097,560 | ||||||
| Citigroup, Inc. |
4,000,000 | 4,517,724 | ||||||
| Credit Suisse Group AG |
4,000,000 | 4,493,302 | ||||||
| Dexia Credit Local S.A. |
2,000,000 | 2,040,558 | ||||||
| Goldman Sachs Group, Inc. (The) |
2,000,000 | 2,194,670 | ||||||
| 4.250%, 10/21/25 |
3,000,000 | 3,322,290 | ||||||
| HSBC Holdings plc |
1,500,000 | 1,508,046 | ||||||
| 2.013%, SOFR + 1.732%, 09/22/28 (a) |
2,300,000 | 2,299,436 | ||||||
| JPMorgan Chase & Co. |
5,400,000 | 5,554,232 | ||||||
| 3.875%, 09/10/24 |
2,500,000 | 2,718,200 | ||||||
| Morgan Stanley |
2,900,000 | 2,994,261 | ||||||
| 4.350%, 09/08/26 |
2,200,000 | 2,483,161 | ||||||
| Shinhan Bank Co., Ltd. |
2,500,000 | 2,492,912 | ||||||
| Societe Generale S.A. |
1,500,000 | 1,491,860 | ||||||
| UniCredit S.p.A. |
1,300,000 | 1,296,706 | ||||||
| Wells Fargo & Co. |
2,500,000 | 2,580,338 | ||||||
| 4.100%, 06/03/26 |
3,000,000 | 3,341,224 | ||||||
| Woori Bank |
1,200,000 | 1,306,879 | ||||||
|
|
|
|||||||
| 57,229,603 | ||||||||
|
|
|
|||||||
| Beverages—0.5% | ||||||||
| Anheuser-Busch Cos. LLC / Anheuser-Busch InBev Worldwide, Inc. |
1,400,000 | 1,535,550 | ||||||
| Anheuser-Busch InBev Worldwide, Inc. |
1,800,000 | 1,971,456 | ||||||
| Coca-Cola Europacific Partners plc |
1,600,000 | 1,588,206 | ||||||
|
|
|
|||||||
| 5,095,212 | ||||||||
|
|
|
|||||||
BHFTI-127
Brighthouse Funds Trust I
Brighthouse/Franklin Low Duration Total Return Portfolio
Schedule of Investments as of September 30, 2021 (Unaudited)
Corporate Bonds & Notes—(Continued)
| Security Description | Principal Amount* |
Value | ||||||
| Biotechnology—0.1% | ||||||||
| Royalty Pharma plc |
700,000 | $ | 696,973 | |||||
|
|
|
|||||||
| Chemicals—0.6% | ||||||||
| Braskem Netherlands Finance B.V. |
2,300,000 | 2,447,200 | ||||||
| Methanex Corp. |
900,000 | 949,500 | ||||||
| Sasol Financing USA LLC |
2,300,000 | 2,538,050 | ||||||
|
|
|
|||||||
| 5,934,750 | ||||||||
|
|
|
|||||||
| Commercial Services—0.1% | ||||||||
| APCOA Parking Holdings GmbH |
400,000 | 468,561 | ||||||
|
|
|
|||||||
| Cosmetics/Personal Care—0.4% | ||||||||
| Avon Products, Inc. |
1,900,000 | 2,010,219 | ||||||
| Oriflame Investment Holding plc |
700,000 | 716,660 | ||||||
| Procter & Gamble Co. (The) |
1,500,000 | 1,501,845 | ||||||
|
|
|
|||||||
| 4,228,724 | ||||||||
|
|
|
|||||||
| Diversified Financial Services—0.6% | ||||||||
| Capital One Financial Corp. |
5,400,000 | 5,452,815 | ||||||
| OneMain Finance Corp. |
600,000 | 641,100 | ||||||
|
|
|
|||||||
| 6,093,915 | ||||||||
|
|
|
|||||||
| Electric—2.2% | ||||||||
| Berkshire Hathaway Energy Co. |
1,700,000 | 1,869,343 | ||||||
| Comision Federal de Electricidad |
2,300,000 | 2,576,000 | ||||||
| Dominion Energy, Inc. |
2,000,000 | 2,006,492 | ||||||
| EDP Finance B.V. |
1,900,000 | 1,867,253 | ||||||
| Exelon Corp. |
2,000,000 | 2,166,245 | ||||||
| 4.050%, 04/15/30 |
2,400,000 | 2,719,988 | ||||||
| InterGen NV |
1,500,000 | 1,477,500 | ||||||
| Korea East-West Power Co., Ltd. |
2,500,000 | 2,541,600 | ||||||
| 3.875%, 07/19/23 (144A) |
1,300,000 | 1,374,818 | ||||||
| Southern Co. (The) |
3,000,000 | 3,228,203 | ||||||
| Talen Energy Supply LLC |
900,000 | 495,000 | ||||||
|
|
|
|||||||
| 22,322,442 | ||||||||
|
|
|
|||||||
| Electrical Components & Equipment—0.1% | ||||||||
| WESCO Distribution, Inc. |
1,100,000 | 1,173,843 | ||||||
|
|
|
|||||||
| Electronics—0.2% | ||||||||
| Flex, Ltd. |
1,400,000 | 1,523,491 | ||||||
|
|
|
|||||||
| Entertainment—0.2% | ||||||||
| Banijay Entertainment SASU |
1,200,000 | 1,237,500 | ||||||
| International Game Technology plc |
900,000 | 935,433 | ||||||
|
|
|
|||||||
| 2,172,933 | ||||||||
|
|
|
|||||||
| Food—0.1% | ||||||||
| Cencosud S.A. |
1,000,000 | 1,086,250 | ||||||
|
|
|
|||||||
| Healthcare-Services—0.7% | ||||||||
| Anthem, Inc. |
3,000,000 | 3,025,163 | ||||||
| Centene Corp. |
1,000,000 | 1,035,300 | ||||||
| ModivCare, Inc. |
800,000 | 846,000 | ||||||
| Quest Diagnostics, Inc. |
2,100,000 | 2,284,329 | ||||||
|
|
|
|||||||
| 7,190,792 | ||||||||
|
|
|
|||||||
| Insurance—0.1% | ||||||||
| Radian Group, Inc. |
500,000 | 558,125 | ||||||
| Willis North America, Inc. |
400,000 | 418,270 | ||||||
|
|
|
|||||||
| 976,395 | ||||||||
|
|
|
|||||||
| Internet—1.6% | ||||||||
| Alibaba Group Holding, Ltd. |
4,000,000 | 4,285,483 | ||||||
| Amazon.com, Inc. |
1,700,000 | 1,747,289 | ||||||
| Baidu, Inc. |
2,300,000 | 2,486,658 | ||||||
| Netflix, Inc. |
800,000 | 850,000 | ||||||
| 4.375%, 11/15/26 (c) |
700,000 | 782,250 | ||||||
| 5.750%, 03/01/24 |
1,200,000 | 1,325,628 | ||||||
| Tencent Holdings, Ltd. |
900,000 | 907,744 | ||||||
| 2.985%, 01/19/23 (144A) |
3,300,000 | 3,387,780 | ||||||
|
|
|
|||||||
| 15,772,832 | ||||||||
|
|
|
|||||||
BHFTI-128
Brighthouse Funds Trust I
Brighthouse/Franklin Low Duration Total Return Portfolio
Schedule of Investments as of September 30, 2021 (Unaudited)
Corporate Bonds & Notes—(Continued)
| Security Description | Principal Amount* |
Value | ||||||
| Leisure Time—0.6% | ||||||||
| Carnival Corp. |
1,400,000 | $ | 1,447,250 | |||||
| NCL Corp., Ltd. |
2,000,000 | 2,050,000 | ||||||
| Royal Caribbean Cruises, Ltd. |
2,085,000 | 2,143,255 | ||||||
|
|
|
|||||||
| 5,640,505 | ||||||||
|
|
|
|||||||
| Lodging—0.3% | ||||||||
| Genting New York LLC |
900,000 | 892,410 | ||||||
| Sands China, Ltd. |
1,200,000 | 1,160,436 | ||||||
| Studio City Finance, Ltd. |
1,000,000 | 990,000 | ||||||
| Wynn Macau, Ltd. |
200,000 | 190,387 | ||||||
|
|
|
|||||||
| 3,233,233 | ||||||||
|
|
|
|||||||
| Machinery-Construction & Mining—0.1% | ||||||||
| Manitowoc Co., Inc. (The) |
700,000 | 749,749 | ||||||
|
|
|
|||||||
| Media—1.6% | ||||||||
| CCO Holdings LLC / CCO Holdings Capital Corp. |
800,000 | 803,744 | ||||||
| Charter Communications Operating LLC / Charter Communications Operating Capital Corp. |
1,100,000 | 1,102,485 | ||||||
| 4.908%, 07/23/25 |
3,000,000 | 3,373,874 | ||||||
| CSC Holdings LLC |
1,200,000 | 1,285,416 | ||||||
| DISH DBS Corp. |
700,000 | 721,437 | ||||||
| 5.875%, 11/15/24 |
900,000 | 967,752 | ||||||
| Fox Corp. |
1,700,000 | 1,809,338 | ||||||
| Sirius XM Radio, Inc. |
700,000 | 709,625 | ||||||
| TWDC Enterprises 18 Corp. |
3,000,000 | 3,242,280 | ||||||
| Univision Communications, Inc. |
900,000 | 913,140 | ||||||
| Walt Disney Co. (The) |
1,300,000 | 1,333,837 | ||||||
|
|
|
|||||||
| 16,262,928 | ||||||||
|
|
|
|||||||
| Mining—0.0% | ||||||||
| Novelis Corp. |
300,000 | 304,254 | ||||||
|
|
|
|||||||
| Miscellaneous Manufacturing—0.0% | ||||||||
| Anagram International, Inc. / Anagram Holdings LLC |
111,470 | 109,241 | ||||||
|
|
|
|||||||
| Multi-National—0.1% | ||||||||
| Banque Ouest Africaine de Developpement |
1,300,000 | 1,455,935 | ||||||
|
|
|
|||||||
| Oil & Gas—2.3% | ||||||||
| Apache Corp. |
900,000 | 967,500 | ||||||
| BP Capital Markets America, Inc. |
2,000,000 | 2,179,876 | ||||||
| 3.796%, 09/21/25 (c) |
3,200,000 | 3,518,399 | ||||||
| Continental Resources, Inc. |
2,500,000 | 2,765,625 | ||||||
| Ecopetrol S.A. |
2,300,000 | 2,499,755 | ||||||
| Equinor ASA |
1,300,000 | 1,331,895 | ||||||
| 2.875%, 04/06/25 (c) |
4,700,000 | 4,990,164 | ||||||
| Harvest Operations Corp. |
800,000 | 844,909 | ||||||
| Mesquite Energy, Inc. |
1,200,000 | 36,000 | ||||||
| Occidental Petroleum Corp. |
1,000,000 | 1,022,500 | ||||||
| Petroleos Mexicanos |
350,000 | 383,250 | ||||||
| Valero Energy Corp. |
3,000,000 | 3,159,487 | ||||||
|
|
|
|||||||
| 23,699,360 | ||||||||
|
|
|
|||||||
| Oil & Gas Services—0.0% | ||||||||
| Weatherford International, Ltd. |
199,000 | 209,571 | ||||||
|
|
|
|||||||
| Packaging & Containers—0.4% | ||||||||
| BWAY Holding Co. |
2,000,000 | 1,987,810 | ||||||
| OI European Group B.V. |
1,000,000 | 1,020,000 | ||||||
| Owens-Brockway Glass Container, Inc. |
300,000 | 320,250 | ||||||
| 5.875%, 08/15/23 (144A) (c) |
700,000 | 740,250 | ||||||
|
|
|
|||||||
| 4,068,310 | ||||||||
|
|
|
|||||||
| Pharmaceuticals—1.4% | ||||||||
| AbbVie, Inc. |
4,900,000 | 4,943,768 | ||||||
| AstraZeneca plc |
200,000 | 195,802 | ||||||
| Bayer U.S. Finance LLC |
3,000,000 | 3,192,303 | ||||||
| Bristol-Myers Squibb Co. |
1,500,000 | 1,547,024 | ||||||
| Cigna Corp. |
4,000,000 | 3,991,490 | ||||||
|
|
|
|||||||
| 13,870,387 | ||||||||
|
|
|
|||||||
BHFTI-129
Brighthouse Funds Trust I
Brighthouse/Franklin Low Duration Total Return Portfolio
Schedule of Investments as of September 30, 2021 (Unaudited)
Corporate Bonds & Notes—(Continued)
| Security Description | Principal Amount* |
Value | ||||||
| Pipelines—1.3% | ||||||||
| Cheniere Corpus Christi Holdings LLC |
2,500,000 | $ | 2,824,076 | |||||
| Energy Transfer L.P. |
1,800,000 | 1,941,717 | ||||||
| 4.200%, 09/15/23 (c) |
1,000,000 | 1,062,130 | ||||||
| EnLink Midstream Partners L.P. |
1,400,000 | 1,455,188 | ||||||
| MPLX L.P. |
2,500,000 | 2,769,121 | ||||||
| Sabine Pass Liquefaction LLC |
1,700,000 | 1,929,408 | ||||||
| 5.750%, 05/15/24 (c) |
1,000,000 | 1,113,709 | ||||||
| Williams Cos., Inc. (The) |
500,000 | 547,934 | ||||||
|
|
|
|||||||
| 13,643,283 | ||||||||
|
|
|
|||||||
| Real Estate—0.0% | ||||||||
| Vivion Investments Sarl |
200,000 | 225,508 | ||||||
|
|
|
|||||||
| Real Estate Investment Trusts—0.2% | ||||||||
| VICI Properties L.P. / VICI Note Co., Inc. |
2,200,000 | 2,244,000 | ||||||
|
|
|
|||||||
| Retail—0.0% | ||||||||
| KSouth Africa, Ltd. |
691,292 | 0 | ||||||
| 25.000%, 12/31/22 PIK, (144A)† (f) (g) (h) |
247,878 | 0 | ||||||
| Party City Holdings, Inc. |
195,885 | 183,642 | ||||||
|
|
|
|||||||
| 183,642 | ||||||||
|
|
|
|||||||
| Semiconductors—0.3% | ||||||||
| SK Hynix, Inc. |
3,400,000 | 3,356,072 | ||||||
|
|
|
|||||||
| Software—0.1% | ||||||||
| Fiserv, Inc. |
1,000,000 | 1,031,449 | ||||||
|
|
|
|||||||
| Telecommunications—1.0% | ||||||||
| AT&T, Inc. |
400,000 | 413,991 | ||||||
| 4.125%, 02/17/26 (c) |
3,000,000 | 3,348,029 | ||||||
| CommScope Technologies LLC |
900,000 | 911,250 | ||||||
| Sprint Spectrum Co. LLC / Sprint Spectrum Co. II LLC / Sprint Spectrum Co. III LLC |
262,500 | 280,350 | ||||||
| T-Mobile USA, Inc. |
1,000,000 | 1,011,250 | ||||||
| Verizon Communications, Inc. |
4,300,000 | 4,338,743 | ||||||
|
|
|
|||||||
| 10,303,613 | ||||||||
|
|
|
|||||||
| Trucking & Leasing—0.1% | ||||||||
| DAE Funding LLC |
600,000 | 594,516 | ||||||
|
|
|
|||||||
| Total Corporate Bonds & Notes |
250,591,776 | |||||||
|
|
|
|||||||
| Asset-Backed Securities—13.5% | ||||||||
| Asset-Backed - Credit Card—0.2% | ||||||||
| Capital One Multi-Asset Execution Trust |
1,970,000 | 2,009,430 | ||||||
|
|
|
|||||||
| Asset-Backed - Home Equity—0.0% | ||||||||
| RAAC Trust |
104,541 | 106,140 | ||||||
|
|
|
|||||||
| Asset-Backed - Other—13.3% | ||||||||
| Adagio CLO VIII DAC |
400,000 | 463,421 | ||||||
| American Homes 4 Rent Trust |
2,231,351 | 2,354,915 | ||||||
| Apidos CLO XXXV |
6,910,000 | 6,916,025 | ||||||
| Ares Euro CLO B.V. |
3,200,000 | 3,715,509 | ||||||
| 1.600%, 3M EURIBOR + 1.600%, 04/17/32 (144A) (EUR) (a) |
500,000 | 576,871 | ||||||
| Armada Euro CLO IV DAC |
500,000 | 579,068 | ||||||
| Atrium XIII |
1,000,000 | 998,990 | ||||||
| Bain Capital Credit CLO |
1,500,000 | 1,500,063 | ||||||
| 1.288%, 3M LIBOR + 1.150%, 04/23/31 (144A) (a) |
1,000,000 | 996,009 | ||||||
| BCC Middle Market CLO LLC |
1,600,000 | 1,594,882 | ||||||
| Blackrock European CLO IX DAC |
2,600,000 | 3,011,987 | ||||||
| 1.550%, 3M EURIBOR + 1.550%, 12/15/32 (144A) (EUR) (a) |
800,000 | 927,623 | ||||||
| BlueMountain CLO, Ltd. |
2,467,643 | 2,471,898 | ||||||
| 3.031%, 3M LIBOR + 2.900%, 11/20/28 (144A) (a) |
250,000 | 247,751 | ||||||
| BlueMountain Fuji EUR CLO |
1,400,000 | 1,611,188 | ||||||
| BlueMountain Fuji U.S. CLO, Ltd. |
2,000,000 | 1,971,770 | ||||||
| Carlyle Global Market Strategies CLO, Ltd. |
292,000 | 272,805 | ||||||
| Carlyle GMS Finance MM CLO LLC |
1,000,000 | 995,604 | ||||||
BHFTI-130
Brighthouse Funds Trust I
Brighthouse/Franklin Low Duration Total Return Portfolio
Schedule of Investments as of September 30, 2021 (Unaudited)
Asset-Backed Securities—(Continued)
| Security Description | Principal Amount* |
Value | ||||||
| Asset-Backed - Other—(Continued) | ||||||||
| Carlyle U.S. CLO, Ltd. |
6,398,000 | $ | 6,397,974 | |||||
| 1.934%, 3M LIBOR + 1.800%, 01/20/30 (144A) (a) |
1,000,000 | 995,122 | ||||||
| Cent CLO 21, Ltd. |
275,000 | 271,542 | ||||||
| CF Hippolyta LLC |
1,201,523 | 1,217,803 | ||||||
| Cook Park CLO Ltd. |
1,500,000 | 1,500,049 | ||||||
| Countrywide Asset-Backed Certificates |
44,914 | 44,870 | ||||||
| Dryden 44 Euro CLO B.V. |
7,166,000 | 8,278,697 | ||||||
| Dryden 45 Senior Loan Fund |
3,000,000 | 2,999,244 | ||||||
| FirstKey Homes Trust |
1,425,932 | 1,421,460 | ||||||
| GoldentTree Loan Management US CLO 1, Ltd. |
5,631,000 | 5,632,560 | ||||||
| Halcyon Loan Advisors Funding, Ltd. |
1,500,000 | 1,500,747 | ||||||
| Holland Park CLO DAC |
9,900,000 | 11,467,687 | ||||||
| Invitation Homes Trust |
1,739,238 | 1,739,512 | ||||||
| LCM, Ltd. |
1,000,000 | 993,508 | ||||||
| Long Point Park CLO, Ltd. |
1,000,000 | 993,753 | ||||||
| Madison Park Euro Funding VIII DAC |
8,000,000 | 9,269,644 | ||||||
| 1.700%, 3M EURIBOR + 1.700%, 04/15/32 (144A) (EUR) (a) |
900,000 | 1,042,689 | ||||||
| Madison Park Funding, Ltd. |
1,000,000 | 1,005,861 | ||||||
| Magnetite XXIX, Ltd. |
7,806,000 | 7,806,461 | ||||||
| Mill City Mortgage Loan Trust |
1,491,019 | 1,519,759 | ||||||
| 3.500%, 04/25/66 (144A) (a) |
2,185,570 | 2,259,210 | ||||||
| Neuberger Berman CLO, Ltd. |
1,700,000 | 1,700,223 | ||||||
| Octagon Investment Partners, Ltd. |
600,000 | 596,358 | ||||||
| 1.575%, 3M LIBOR + 1.450%, 10/24/30 (144A) (a) |
2,000,000 | 2,001,480 | ||||||
| 2.826%, 3M LIBOR + 2.700%, 04/16/31 (144A) (a) |
400,000 | 392,679 | ||||||
| OHA Credit Partners VII, Ltd. |
6,398,000 | 6,399,894 | ||||||
| RR 14, Ltd. |
8,382,000 | 8,379,896 | ||||||
| Sculptor CLO XXV, Ltd. |
3,839,000 | 3,843,714 | ||||||
| Asset-Backed - Other—(Continued) | ||||||||
| Towd Point Mortgage Trust |
1,783,991 | 1,808,079 | ||||||
| 3.000%, 06/25/58 (144A) (a) |
2,091,787 | 2,168,106 | ||||||
| 3.705%, 03/25/58 (144A) (a) |
563,719 | 593,716 | ||||||
| 3.750%, 05/25/58 (144A) (a) |
3,383,226 | 3,538,163 | ||||||
| Voya CLO, Ltd. |
800,000 | 800,778 | ||||||
| 1.534%, 3M LIBOR + 1.400%, 10/18/31 (144A) (a) |
2,454,544 | 2,456,319 | ||||||
| 3.384%, 3M LIBOR + 3.250%, 10/18/31 (144A) (a) |
849,057 | 824,236 | ||||||
|
|
|
|||||||
| 135,068,172 | ||||||||
|
|
|
|||||||
| Total Asset-Backed Securities |
137,183,742 | |||||||
|
|
|
|||||||
| Floating Rate Loans (i)—4.7% | ||||||||
| Advertising—0.0% | ||||||||
| Clear Channel Outdoor Holdings, Inc. |
296,222 | 290,533 | ||||||
|
|
|
|||||||
| Aerospace/Defense—0.2% | ||||||||
| AI Convoy (Luxembourg) S.a.r.l. |
297,686 | 298,647 | ||||||
| AqGen Island Holdings, Inc. |
249,175 | 248,988 | ||||||
| Dynasty Acquisition Co., Inc. |
611,039 | 598,861 | ||||||
| Term Loan B2, 3.632%, 3M LIBOR + 3.500%, 04/06/26 |
328,516 | 321,968 | ||||||
|
|
|
|||||||
| 1,468,464 | ||||||||
|
|
|
|||||||
| Airlines—0.5% | ||||||||
| AAdvantage Loyalty, IP Ltd. |
168,286 | 174,140 | ||||||
| Air Canada |
2,630,233 | 2,645,028 | ||||||
| Allegiant Travel Co. |
624,068 | 621,792 | ||||||
| Kestrel Bidco, Inc. |
1,299,343 | 1,271,281 | ||||||
| SkyMiles IP, Ltd. |
157,270 | 167,424 | ||||||
| United Airlines, Inc. |
248,750 | 251,022 | ||||||
|
|
|
|||||||
| 5,130,687 | ||||||||
|
|
|
|||||||
| Apparel—0.0% | ||||||||
| Champ Acquisition Corp. |
289,429 | 291,358 | ||||||
|
|
|
|||||||
| Auto Manufacturers—0.0% | ||||||||
| American Trailer World Corp. |
157,805 | 157,246 | ||||||
|
|
|
|||||||
BHFTI-131
Brighthouse Funds Trust I
Brighthouse/Franklin Low Duration Total Return Portfolio
Schedule of Investments as of September 30, 2021 (Unaudited)
Floating Rate Loans (i)—(Continued)
| Security Description | Principal Amount* |
Value | ||||||
| Auto Parts & Equipment—0.1% | ||||||||
| Adient U.S. LLC |
538,650 | $ | 539,468 | |||||
| Clarios Global L.P. |
220,305 | 219,547 | ||||||
| DexKo Global, Inc. |
9,433 | 9,437 | ||||||
| Term Loan B, 09/23/28 (e) |
49,523 | 49,544 | ||||||
| Truck Hero, Inc. |
78,127 | 78,053 | ||||||
|
|
|
|||||||
| 896,049 | ||||||||
|
|
|
|||||||
| Beverages—0.0% | ||||||||
| City Brewing Co. LLC |
111,111 | 110,208 | ||||||
| Triton Water Holdings, Inc. |
193,563 | 193,533 | ||||||
|
|
|
|||||||
| 303,741 | ||||||||
|
|
|
|||||||
| Chemicals—0.1% | ||||||||
| CPC Acquisition Corp. |
102,842 | 102,649 | ||||||
| Cyanco Intermediate Corp. |
562,115 | 560,358 | ||||||
| Illuminate Buyer LLC |
227,699 | 227,699 | ||||||
| INEOS Styrolution U.S. Holding LLC |
123,937 | 124,138 | ||||||
| SCIH Salt Holdings, Inc. |
246,820 | 247,456 | ||||||
| Sparta U.S. HoldCo LLC |
128,976 | 129,379 | ||||||
|
|
|
|||||||
| 1,391,679 | ||||||||
|
|
|
|||||||
| Commercial Services—0.2% | ||||||||
| Amentum Government Services Holdings LLC |
99,500 | 100,464 | ||||||
| APX Group, Inc. |
83,039 | 82,918 | ||||||
| Avis Budget Car Rental, LLC |
754,918 | 740,186 | ||||||
| CHG Healthcare Services, Inc. |
58,020 | 58,020 | ||||||
| KUEHG Corp. |
595,385 | 590,609 | ||||||
| MPH Acquisition Holdings LLC |
173,305 | 171,656 | ||||||
| Rent-A-Center, Inc. |
137,642 | 138,330 | ||||||
| Verscend Holding Corp. |
237,793 | 238,447 | ||||||
|
|
|
|||||||
| 2,120,630 | ||||||||
|
|
|
|||||||
| Computers—0.1% | ||||||||
| Magenta Buyer LLC |
461,844 | 462,537 | ||||||
| Peraton Holding Corp. |
331,136 | 331,846 | ||||||
| Perforce Software, Inc. |
822 | 817 | ||||||
| Vision Solutions, Inc. |
539,131 | 538,963 | ||||||
|
|
|
|||||||
| 1,334,163 | ||||||||
|
|
|
|||||||
| Cosmetics/Personal Care—0.1% | ||||||||
| Conair Holdings LLC |
45,960 | 46,052 | ||||||
| Coty, Inc. |
892,941 | 879,547 | ||||||
|
|
|
|||||||
| 925,599 | ||||||||
|
|
|
|||||||
| Diversified Financial Services—0.2% | ||||||||
| Citadel Securities L.P. |
388,050 | 385,079 | ||||||
| Edelman Financial Center LLC |
700,000 | 699,500 | ||||||
| Jane Street Group LLC |
188,651 | 187,020 | ||||||
| Russell Investments Group LLC |
400,000 | 401,083 | ||||||
|
|
|
|||||||
| 1,672,682 | ||||||||
|
|
|
|||||||
| Electric—0.0% | ||||||||
| Astoria Energy LLC |
23,528 | 23,618 | ||||||
|
|
|
|||||||
| Engineering & Construction—0.1% | ||||||||
| USIC Holdings, Inc. |
175,982 | 176,037 | ||||||
| Ventia Deco LLC |
349,298 | 351,335 | ||||||
|
|
|
|||||||
| 527,372 | ||||||||
|
|
|
|||||||
| Entertainment—0.2% | ||||||||
| Great Canadian Gaming Corp. |
42,034 | 42,182 | ||||||
| Motion Finco Sarl |
124,774 | 121,098 | ||||||
| Term Loan B1, 11/12/26 (e) |
875,226 | 849,438 | ||||||
| Twin River Worldwide Holdings, Inc. |
288,181 | 288,474 | ||||||
| William Morris Endeavor Entertainment LLC |
535,217 | 525,516 | ||||||
|
|
|
|||||||
| 1,826,708 | ||||||||
|
|
|
|||||||
BHFTI-132
Brighthouse Funds Trust I
Brighthouse/Franklin Low Duration Total Return Portfolio
Schedule of Investments as of September 30, 2021 (Unaudited)
Floating Rate Loans (i)—(Continued)
| Security Description | Principal Amount* |
Value | ||||||
| Environmental Control—0.0% | ||||||||
| Madison IAQ LLC |
120,910 | $ | 120,882 | |||||
|
|
|
|||||||
| Healthcare-Services—0.2% | ||||||||
| ADMI Corp. |
105,578 | 105,559 | ||||||
| Term Loan B2, 3.625%, 1M LIBOR + 3.125%, 12/23/27 |
81,508 | 80,897 | ||||||
| Aveanna Healthcare, LLC |
31,416 | 31,438 | ||||||
| Term Loan B, 4.250%, 1M LIBOR + 3.750%, 07/17/28 |
135,088 | 135,183 | ||||||
| eResearchTechnology, Inc. |
276,018 | 277,743 | ||||||
| Global Medical Response, Inc. |
103,581 | 103,997 | ||||||
| Heartland Dental, LLC |
||||||||
| Incremental Term Loan, 4.085%, 1M LIBOR + 4.000%, 04/30/25 |
77,175 | 77,090 | ||||||
| Icon Luxembourg Sarl |
109,946 | 110,449 | ||||||
| National Mentor Holdings, Inc. |
1,755 | 1,757 | ||||||
| Parexel International Corp. |
63,742 | 63,831 | ||||||
| Phoenix Guarantor, Inc. |
349,207 | 347,570 | ||||||
| Term Loan B, 3.585%, 1M LIBOR + 3.500%, 03/05/26 |
199,001 | 198,541 | ||||||
| Pluto Acquisition I, Inc. |
122,170 | 122,132 | ||||||
| Radiology Partners, Inc. |
139,115 | 139,182 | ||||||
| U.S. Anesthesia Partners, Inc. |
100,979 | 101,245 | ||||||
| U.S. Renal Care, Inc. |
296,487 | 296,348 | ||||||
|
|
|
|||||||
| 2,192,962 | ||||||||
|
|
|
|||||||
| Home Builders—0.2% | ||||||||
| Thor Industries, Inc. |
1,680,323 | 1,685,048 | ||||||
|
|
|
|||||||
| Home Furnishings—0.0% | ||||||||
| AI Aqua Merger Sub, Inc. |
26,040 | 26,144 | ||||||
| 1st Lien Term Loan B, 4.500%, 1M LIBOR + 4.000%, 07/31/28 |
208,318 | 209,151 | ||||||
|
|
|
|||||||
| 235,295 | ||||||||
|
|
|
|||||||
| Household Products/Wares—0.0% | ||||||||
| Illuminate Merger Sub Corp. |
54,606 | 54,668 | ||||||
|
|
|
|||||||
| Insurance—0.3% | ||||||||
| Acrisure, LLC |
163,043 | 162,279 | ||||||
| Insurance—(Continued) | ||||||||
| Alliant Holdings Intermediate, LLC |
482,579 | 479,645 | ||||||
| Term Loan B3, 4.250%, 1M LIBOR + 3.750%, 11/06/27 |
50,612 | 50,728 | ||||||
| AssuredPartners, Inc. |
699,111 | 695,567 | ||||||
| Term Loan B, 4.000%, 1M LIBOR + 3.500%, 02/12/27 |
129,692 | 129,705 | ||||||
| Asurion LLC |
9,569 | 9,553 | ||||||
| Second Lien Term Loan B4, 5.334%, 1M LIBOR + 5.250%, 01/20/29 |
164,707 | 164,330 | ||||||
| Term Loan B6, 3.209%, 1M LIBOR + 3.125%, 11/03/23 |
236,833 | 235,860 | ||||||
| Term Loan B8, 3.334%, 1M LIBOR + 3.250%, 12/23/26 |
163,835 | 161,600 | ||||||
| Term Loan B9, 3.334%, 1M LIBOR + 3.250%, 07/31/27 |
210,680 | 207,836 | ||||||
| Sedgwick Claims Management Services, Inc. |
228,240 | 226,688 | ||||||
|
|
|
|||||||
| 2,523,791 | ||||||||
|
|
|
|||||||
| Internet—0.0% | ||||||||
| Arches Buyer, Inc. |
103,006 | 102,599 | ||||||
| Barracuda Networks, Inc. |
103,194 | 103,645 | ||||||
| CNT Holdings I Corp. |
32,191 | 32,251 | ||||||
| Hunter Holdco 3 Ltd. |
160,650 | 161,554 | ||||||
| MH Sub I LLC |
48,195 | 48,372 | ||||||
|
|
|
|||||||
| 448,421 | ||||||||
|
|
|
|||||||
| Leisure Time—0.1% | ||||||||
| Varsity Brands, Inc. |
877,409 | 862,133 | ||||||
|
|
|
|||||||
| Lodging—0.2% | ||||||||
| Caesars Resort Collection LLC |
471,328 | 469,094 | ||||||
| Term Loan B1, 3.583%, 3M LIBOR + 3.500%, 07/21/25 |
580,006 | 581,390 | ||||||
| Golden Nugget, Inc. |
79,261 | 78,963 | ||||||
| Hilton Grand Vacations Borrower LLC |
494,000 | 495,729 | ||||||
|
|
|
|||||||
| 1,625,176 | ||||||||
|
|
|
|||||||
| Machinery-Diversified—0.0% | ||||||||
| Vertical Midco GmbH |
383,902 | 385,075 | ||||||
|
|
|
|||||||
| Media—0.3% | ||||||||
| Banijay Entertainment S.A.S |
540,067 | 539,054 | ||||||
| Cengage Learning, Inc. |
899,524 | 906,440 | ||||||
| Diamond Sports Group, LLC |
706,244 | 443,463 | ||||||
BHFTI-133
Brighthouse Funds Trust I
Brighthouse/Franklin Low Duration Total Return Portfolio
Schedule of Investments as of September 30, 2021 (Unaudited)
Floating Rate Loans (i)—(Continued)
| Security Description | Principal Amount* |
Value | ||||||
| Media—(Continued) | ||||||||
| McGraw-Hill Global Education Holdings LLC |
306,764 | $ | 308,078 | |||||
| Radiate Holdco LLC |
63,693 | 63,724 | ||||||
| Univision Communications, Inc. |
424,940 | 424,873 | ||||||
| WideOpenWest Finance LLC |
107,121 | 107,211 | ||||||
|
|
|
|||||||
| 2,792,843 | ||||||||
|
|
|
|||||||
| Metal Fabricate/Hardware—0.1% | ||||||||
| Tiger Acquisition LLC |
617,500 | 616,728 | ||||||
|
|
|
|||||||
| Mining—0.0% | ||||||||
| U.S. Silica Co. |
248,056 | 243,250 | ||||||
|
|
|
|||||||
| Office/Business Equipment—0.1% | ||||||||
| Pitney Bowes Inc. |
448,677 | 450,500 | ||||||
|
|
|
|||||||
| Oil & Gas—0.0% | ||||||||
| QuarterNorth Energy Holding, Inc. |
360,484 | 362,737 | ||||||
|
|
|
|||||||
| Oil & Gas Services—0.1% | ||||||||
| Onsite Rental Group Pty, Ltd. |
882,507 | 668,058 | ||||||
|
|
|
|||||||
| Packaging & Containers—0.1% | ||||||||
| BWAY Holding Co. |
551,489 | 541,106 | ||||||
| Charter NEX U.S., Inc. |
48,213 | 48,380 | ||||||
| First Brands Corp. |
299,128 | 302,568 | ||||||
| Klockner-Pentaplast of America, Inc. |
185,846 | 186,775 | ||||||
| Reynolds Group Holdings, Inc. |
101,097 | 101,027 | ||||||
|
|
|
|||||||
| 1,179,856 | ||||||||
|
|
|
|||||||
| Pharmaceuticals — 0.2% | ||||||||
| Bausch Health Companies, Inc. |
133,596 | 133,580 | ||||||
| Gainwell Acquisition Corp. |
250,374 | 251,313 | ||||||
| Jazz Financing Lux S.a.r.l. |
104,754 | 105,016 | ||||||
| Organon & Co. |
230,000 | 230,844 | ||||||
| Pathway Vet Alliance LLC |
777,594 | 776,913 | ||||||
| Pharmaceuticals—(Continued) | ||||||||
| PRA Health Sciences Inc |
27,393 | 27,519 | ||||||
|
|
|
|||||||
| 1,525,185 | ||||||||
|
|
|
|||||||
| Real Estate — 0.0% | ||||||||
| Cushman & Wakefield U.S. Borrower, LLC |
306,169 | 303,987 | ||||||
|
|
|
|||||||
| Retail — 0.2% | ||||||||
| Evergreen Acqco 1 L.P. |
168,045 | 170,146 | ||||||
| General Nutrition Centers, Inc. |
219,221 | 203,875 | ||||||
| Great Outdoors Group LLC |
420,223 | 422,805 | ||||||
| Highline Aftermarket Acquisition LLC |
||||||||
| Term Loan B, 5.250%, 3M LIBOR + 4.500%, 11/09/27 |
62,144 | 62,435 | ||||||
| IRB Holding Corp. |
59,150 | 59,335 | ||||||
| Michaels Companies, Inc. |
229,425 | 229,981 | ||||||
| PetSmart, Inc. |
95,691 | 96,050 | ||||||
| Staples, Inc. |
564,125 | 539,515 | ||||||
| Tory Burch LLC |
126,000 | 126,292 | ||||||
| Whatabrands LLC |
107,990 | 108,017 | ||||||
| WOOF Holdings, Inc. |
54,180 | 54,367 | ||||||
|
|
|
|||||||
| 2,072,818 | ||||||||
|
|
|
|||||||
| Software — 0.6% | ||||||||
| Alloy Finco, Ltd. |
326,741 | 320,778 | ||||||
| Aptean, Inc. |
272,098 | 271,758 | ||||||
| Aspect Software, Inc. |
240,769 | 237,760 | ||||||
| Athenahealth, Inc. |
543,565 | 545,739 | ||||||
| Blackboard, Inc. |
843,189 | 849,118 | ||||||
| Cloudera, Inc. |
51,033 | 51,033 | ||||||
| Term Loan, 08/10/28 (e) |
119,758 | 119,795 | ||||||
| Cornerstone OnDemand, Inc. |
221,502 | 221,456 | ||||||
| DCert Buyer, Inc. |
424,193 | 424,800 | ||||||
BHFTI-134
Brighthouse Funds Trust I
Brighthouse/Franklin Low Duration Total Return Portfolio
Schedule of Investments as of September 30, 2021 (Unaudited)
Floating Rate Loans (i)—(Continued)
| Security Description | Principal Amount* |
Value | ||||||
| Software—(Continued) | ||||||||
| ECI Macola Max Holdings LLC |
194,510 | $ | 194,802 | |||||
| Greeneden U.S., Holdings II LLC |
115,557 | 116,090 | ||||||
| Hyland Software, Inc. |
96,015 | 96,265 | ||||||
| Idera, Inc. |
275,130 | 275,405 | ||||||
| IGT Holding IV AB |
191,346 | 192,064 | ||||||
| Ivanti Software, Inc. |
159,200 | 159,857 | ||||||
| Liftoff Mobile, Inc. |
122,365 | 122,174 | ||||||
| Mitchell International, Inc. |
247,500 | 247,854 | ||||||
| Navicure, Inc. |
256,100 | 256,580 | ||||||
| Playtika Holding Corp. |
55,216 | 55,260 | ||||||
| Polaris Newco LLC |
365,296 | 366,529 | ||||||
| Quest Software U.S. Holdings, Inc. |
574,097 | 574,199 | ||||||
| Rocket Software, Inc. |
271,508 | 269,754 | ||||||
| Sovos Compliance, LLC |
||||||||
| Delayed Draw Term Loan, 08/11/28 (j) |
9,131 | 9,198 | ||||||
| Term Loan, 5.000%, 3M LIBOR + 4.500%, 08/11/28 |
52,877 | 53,265 | ||||||
| Ultimate Software Group, Inc. (The) |
138,694 | 139,144 | ||||||
| Veritas U.S., Inc. |
321,605 | 323,615 | ||||||
|
|
|
|||||||
| 6,494,292 | ||||||||
|
|
|
|||||||
| Telecommunications—0.2% | ||||||||
| Altice France S.A. |
78,544 | 78,467 | ||||||
| CCI Buyer, Inc. |
35,064 | 35,195 | ||||||
| CommScope, Inc. |
540,351 | 538,409 | ||||||
| Global Tel*Link Corp. |
836,649 | 794,503 | ||||||
| LogMeIn, Inc. |
303,442 | 303,655 | ||||||
| Zayo Group Holdings, Inc. |
630,101 | 625,345 | ||||||
|
|
|
|||||||
| 2,375,574 | ||||||||
|
|
|
|||||||
| Transportation—0.0% | ||||||||
| First Student Bidco, Inc. |
||||||||
| Term Loan B, 3.500%, 2M LIBOR + 3.000%, 07/21/28 |
67,969 | 67,676 | ||||||
| Term Loan C, 3.500%, 3M LIBOR + 3.000%, 07/21/28 |
25,089 | 24,981 | ||||||
| Kenan Advantage Group, Inc. |
267,437 | 267,688 | ||||||
|
|
|
|||||||
| 360,345 | ||||||||
|
|
|
|||||||
| Total Floating Rate Loans |
47,940,153 | |||||||
|
|
|
|||||||
| Mortgage-Backed Securities—4.6% |
| |||||||
| Collateralized Mortgage Obligations—2.2% | ||||||||
| Adjustable Rate Mortgage Trust |
1,028,637 | 1,070,030 | ||||||
| BRAVO Residential Funding Trust |
1,815,795 | 1,885,608 | ||||||
| CHL Mortgage Pass-Through Trust |
247,229 | 251,521 | ||||||
| Credit Suisse First Boston Mortgage Securities Corp. |
51,224 | 43,217 | ||||||
| JPMorgan Mortgage Trust |
5,416,766 | 5,514,945 | ||||||
| MASTR Alternative Loan Trust |
9,752 | 10,008 | ||||||
| Merrill Lynch Mortgage Investors Trust |
151,996 | 152,565 | ||||||
| New York Mortgage Trust |
102,899 | 99,895 | ||||||
| OBX Trust |
552,085 | 552,195 | ||||||
| 2.500%, 05/25/51 (144A) (a) |
3,295,386 | 3,347,737 | ||||||
| Provident Funding Mortgage Trust |
3,140,000 | 3,195,441 | ||||||
| PSMC Trust |
5,100,000 | 5,181,481 | ||||||
| Sequoia Mortgage Trust |
178,519 | 178,043 | ||||||
| WaMu Mortgage Pass-Through Certificates Trust |
706,370 | 700,839 | ||||||
|
|
|
|||||||
| 22,183,525 | ||||||||
|
|
|
|||||||
| Commercial Mortgage-Backed Securities—2.4% | ||||||||
| BAMLL Commercial Mortgage Securities Trust |
1,940,000 | 1,988,351 | ||||||
| BX Commercial Mortgage Trust |
||||||||
| 0.800%, 1M LIBOR + 0.700%, 09/15/36 (144A) (a) |
1,950,000 | 1,951,223 | ||||||
| 0.834%, 1M LIBOR + 0.750%, 11/15/35 (144A) (a) |
502,542 | 502,847 | ||||||
| 0.884%, 1M LIBOR + 0.800%, 12/15/36 (144A) (a) |
3,105,777 | 3,108,702 | ||||||
| 1.004%, 1M LIBOR + 0.920%, 10/15/36 (144A) (a) |
8,403,696 | 8,419,948 | ||||||
| 1.084%, 1M LIBOR + 1.000%, 11/15/32 (144A) (a) |
4,658,321 | 4,667,049 | ||||||
| Commercial Mortgage Trust |
1,220,000 | 1,301,682 | ||||||
| Greenwich Capital Commercial Mortgage Trust |
357,974 | 298,310 | ||||||
BHFTI-135
Brighthouse Funds Trust I
Brighthouse/Franklin Low Duration Total Return Portfolio
Schedule of Investments as of September 30, 2021 (Unaudited)
Mortgage-Backed Securities—(Continued)
| Security Description | Principal Amount* |
Value | ||||||
| Commercial Mortgage-Backed Securities—(Continued) | ||||||||
| Wells Fargo Commercial Mortgage Trust |
2,401,662 | $ | 2,400,913 | |||||
|
|
|
|||||||
| 24,639,025 | ||||||||
|
|
|
|||||||
| Total Mortgage-Backed Securities |
46,822,550 | |||||||
|
|
|
|||||||
| Foreign Government—3.4% | ||||||||
| Banks—0.4% | ||||||||
| Banque Centrale de Tunisie International Bond |
1,800,000 | 1,521,727 | ||||||
| Korea Development Bank (The) |
2,700,000 | 2,812,806 | ||||||
|
|
|
|||||||
| 4,334,533 | ||||||||
|
|
|
|||||||
| Sovereign—3.0% | ||||||||
| Brazilian Government International Bond |
980,000 | 1,206,262 | ||||||
| Colombia Government International Bond |
1,910,000 | 2,203,013 | ||||||
| Dominican Republic International Bond |
82,600,000 | 1,567,834 | ||||||
| Egypt Government International Bond |
1,400,000 | 1,454,440 | ||||||
| Gabon Government International Bond |
450,000 | 486,338 | ||||||
| Hungary Government International Bond |
1,220,000 | 1,300,154 | ||||||
| Indonesia Government International Bond |
2,280,000 | 2,298,763 | ||||||
| Iraq International Bond |
1,828,125 | 1,760,942 | ||||||
| Kazakhstan Government International Bond |
2,100,000 | 2,265,375 | ||||||
| Mongolia Government International Bond |
490,000 | 555,567 | ||||||
| Pakistan Government International Bond |
520,000 | 563,550 | ||||||
| Peruvian Government International Bonds |
600,000 | 593,760 | ||||||
| 7.350%, 07/21/25 |
900,000 | 1,087,488 | ||||||
| Philippine Government International Bond |
600,000 | 643,158 | ||||||
| Republic of Belarus International Bond |
1,400,000 | 1,382,416 | ||||||
| Republic of Poland Government International Bond |
1,550,000 | 1,583,086 | ||||||
| Republic of South Africa Government International Bond |
2,030,000 | 2,273,560 | ||||||
| Russian Foreign Bond - Eurobond |
1,500,000 | 1,618,395 | ||||||
| Turkey Government International Bond |
2,150,000 | 2,206,717 | ||||||
| Sovereign—(Continued) | ||||||||
| Ukraine Government International Bond |
1,700,000 | 1,740,392 | ||||||
| Uruguay Government International Bond |
62,256,055 | 1,608,318 | ||||||
|
|
|
|||||||
| 30,399,528 | ||||||||
|
|
|
|||||||
| Total Foreign Government |
34,734,061 | |||||||
|
|
|
|||||||
| Investment Company Security—2.0% |
| |||||||
| SPDR Blackstone Senior Loan ETF |
440,000 | 20,248,800 | ||||||
|
|
|
|||||||
| Municipals—2.0% | ||||||||
| City & County Honolulu HI Wastewater System Revenue |
710,000 | 739,897 | ||||||
| Colorado Bridge Enterprise |
5,000,000 | 5,021,279 | ||||||
| Curators of the University of Missouri (The) |
2,000,000 | 2,048,732 | ||||||
| Massachusetts State College Building Authority |
760,000 | 796,209 | ||||||
| Metropolitan Transportation Authority |
680,000 | 758,016 | ||||||
| New York State Urban Development Corp. |
5,950,000 | 6,163,256 | ||||||
| San Jose Redevelopment Agency Successor Agency |
2,165,000 | 2,209,013 | ||||||
| State of Illinois, General Obligation Unlimited |
865,000 | 1,008,198 | ||||||
| Texas State University System |
1,385,000 | 1,455,953 | ||||||
|
|
|
|||||||
| Total Municipals |
20,200,553 | |||||||
|
|
|
|||||||
| Common Stocks—0.2% | ||||||||
| Energy Equipment & Services—0.0% | ||||||||
| Weatherford International plc (l) | 6,622 | 130,255 | ||||||
|
|
|
|||||||
| Metals & Mining—0.0% | ||||||||
| SA, Ltd. (h)(l) | 40,457 | 0 | ||||||
|
|
|
|||||||
| Oil, Gas & Consumable Fuels—0.1% | ||||||||
| QuarterNorth Energy, Inc. (l) | 8,038 | 815,857 | ||||||
| Riviera Resources, Inc. (g) (h) (l) | 2,835 | 732 | ||||||
|
|
|
|||||||
| 816,589 | ||||||||
|
|
|
|||||||
| Paper & Forest Products—0.1% | ||||||||
| Appvion,Inc. (g) (h) (l) | 38,739 | 944,430 | ||||||
|
|
|
|||||||
BHFTI-136
Brighthouse Funds Trust I
Brighthouse/Franklin Low Duration Total Return Portfolio
Schedule of Investments as of September 30, 2021 (Unaudited)
Common Stocks—(Continued)
| Security Description | Shares/ Principal Amount* |
Value | ||||||
| Retail—0.0% | ||||||||
| KSouth Africa, Ltd. (g) (h) (l) | 817,800 | $ | 0 | |||||
| KSouth Africa, Ltd. (g) (h) (l) | 8,217,950 | 0 | ||||||
|
|
|
|||||||
| 0 | ||||||||
|
|
|
|||||||
| Total Common Stocks |
1,891,274 | |||||||
|
|
|
|||||||
| Warrants—0.0% | ||||||||
| Oil, Gas & Consumable Fuels—0.0% | ||||||||
| Battalion Oil Corp., Series A, Expires 10/08/22 (g) (h) (l) |
728 | 198 | ||||||
| Battalion Oil Corp., Series B, Expires 10/08/22 (g) (h) (l) |
911 | 160 | ||||||
| Battalion Oil Corp., Series C, Expires 10/08/22 (g) (h) (l) |
1,171 | 114 | ||||||
| QuarterNorth Energy, Inc. Expires 08/05/49 (l) |
3,822 | 382,200 | ||||||
|
|
|
|||||||
| 382,672 | ||||||||
|
|
|
|||||||
| Paper & Forest Products—0.0% | ||||||||
| Verso Corp., Expires 07/25/23 (l) |
175 | 744 | ||||||
|
|
|
|||||||
| Total Warrants |
383,416 | |||||||
|
|
|
|||||||
| Short-Term Investments—3.6% | ||||||||
| Discount Note—0.7% | ||||||||
| Federal Home Loan Bank |
7,375,000 | 7,375,000 | ||||||
|
|
|
|||||||
| Repurchase Agreement—2.9% | ||||||||
| Fixed Income Clearing Corp. |
29,604,626 | 29,604,626 | ||||||
|
|
|
|||||||
| Total Short-Term Investments |
36,979,626 | |||||||
|
|
|
|||||||
| Securities Lending Reinvestments (m)—5.7% |
| |||||||
| Certificates of Deposit—0.6% | ||||||||
| Goldman Sachs Bank USA |
2,000,000 | 2,000,140 | ||||||
| Oversea-Chinese Banking Corp., Ltd. |
1,000,000 | 1,000,054 | ||||||
| Standard Chartered Bank (NY) |
1,000,000 | 1,000,000 | ||||||
| Sumitomo Mitsui Trust Bank, Ltd. |
2,000,000 | 1,999,988 | ||||||
|
|
|
|||||||
| 6,000,182 | ||||||||
|
|
|
|||||||
| Commercial Paper—0.2% | ||||||||
| UBS AG |
2,000,000 | 1,998,145 | ||||||
|
|
|
|||||||
| Repurchase Agreements—3.7% | ||||||||
| Barclays Bank plc |
2,300,000 | 2,300,000 | ||||||
| Barclays Capital, Inc. |
4,702,988 | 4,702,988 | ||||||
| Cantor Fitzgerald & Co. |
4,000,000 | 4,000,000 | ||||||
| Deutsche Bank AG, London |
1,000,000 | 1,000,000 | ||||||
| ING Financial Markets LLC |
6,000,000 | 6,000,000 | ||||||
| National Bank of Canada |
9,000,000 | 9,000,000 | ||||||
| NBC Global Finance, Ltd. |
700,000 | 700,000 | ||||||
| Repurchase Agreement dated 09/30/21 at 0.250%, due on 10/07/21 with a maturity value of $500,024; collateralized by U.S. Treasury Obligations with rates ranging from 0.095% - 2.000%, maturity dates ranging from 07/31/22 - 02/15/50, and various Common Stock with an aggregate market value of $555,309. |
500,000 | 500,000 | ||||||
BHFTI-137
Brighthouse Funds Trust I
Brighthouse/Franklin Low Duration Total Return Portfolio
Schedule of Investments as of September 30, 2021 (Unaudited)
Securities Lending Reinvestments (m)—(Continued)
| Security Description | Shares/ Principal Amount* |
Value | ||||||
| Repurchase Agreements—(Continued) | ||||||||
| Societe Generale |
2,000,000 | $ | 2,000,000 | |||||
| Repurchase Agreement dated 09/30/21 at 0.170%, due on 10/01/21 with a maturity value of $5,000,024; collateralized by various Common Stock with an aggregate market value of $5,555,666. |
5,000,000 | 5,000,000 | ||||||
| Repurchase Agreement dated 09/30/21 at 0.200%, due on 10/07/21 with a maturity value of $2,113,903; collateralized by various Common Stock with an aggregate market value of $2,348,737. |
2,113,821 | 2,113,821 | ||||||
|
|
|
|||||||
| 37,316,809 | ||||||||
|
|
|
|||||||
| Time Deposits—0.5% | ||||||||
| First Abu Dhabi Bank USA NV |
2,000,000 | 2,000,000 | ||||||
| Landesbank Baden-Wuettertemberg (London) |
500,000 | 500,000 | ||||||
| National Bank of Canada |
1,000,000 | 1,000,000 | ||||||
| Skandi New York |
2,000,000 | 2,000,000 | ||||||
|
|
|
|||||||
| 5,500,000 | ||||||||
|
|
|
|||||||
| Mutual Funds—0.7% | ||||||||
| Morgan Stanley Liquidity Funds Government Portfolio, Institutional Shares 0.030% (n) |
5,000,000 | 5,000,000 | ||||||
| STIT-Government & Agency Portfolio, Institutional Class |
500,000 | 500,000 | ||||||
| Wells Fargo Government Money Market Fund, Select Class |
1,500,000 | 1,500,000 | ||||||
|
|
|
|||||||
| 7,000,000 | ||||||||
|
|
|
|||||||
| Total Securities Lending Reinvestments |
57,815,136 | |||||||
|
|
|
|||||||
| Total Investments— 107.8% |
1,095,396,554 | |||||||
| Unfunded Loan Commitments— (0.0)% |
(9,131 | ) | ||||||
| Net Investments— 107.8% |
1,095,387,423 | |||||||
| Other assets and liabilities (net)—(7.8)% |
(79,304,180 | ) | ||||||
|
|
|
|||||||
| Net Assets—100.0% | $ | 1,016,083,243 | ||||||
|
|
|
|||||||
| * | Principal amount stated in U.S. dollars unless otherwise noted. | |||
| † | Restricted securities are not registered under the Securities Act of 1933 and are subject to legal restrictions on resale. These securities generally may be resold in transactions exempt from registration or to the public if the securities are subsequently registered. Disposal of these securities may involve time-consuming negotiations and prompt sale at an acceptable price may be difficult. As of September 30, 2021, the market value of | |||
| restricted securities was $0, which is 0.0% of net assets. See details shown in the Restricted Securities table that follows. | ||||
| (a) | Variable or floating rate security. The stated rate represents the rate at September 30, 2021. Maturity date shown for callable securities reflects the earliest possible call date. For securities based on a published reference index and spread, the index and spread are indicated in the description above. For certain variable rate securities, the coupon rate is determined by the issuer/agent based on current market conditions. For certain asset- and mortgage-backed securities, the coupon rate may fluctuate based on changes of the underlying collateral or prepayments of principal. These securities do not indicate a reference index and spread in their description above. | |||
| (b) | TBA (To Be Announced) Securities are purchased on a forward commitment basis with an approximate principal amount and no defined maturity date. The actual principal and maturity date will be determined upon settlement date. | |||
| (c) | All or a portion of the security was held on loan. As of September 30, 2021, the market value of securities loaned was $69,732,000 and the collateral received consisted of cash in the amount of $57,813,183 and non-cash collateral with a value of $13,983,190. The cash collateral investments are disclosed in the Schedule of Investments and categorized as Securities Lending Reinvestments. The non-cash collateral received consists of U.S. government securities that are held in safe-keeping by the lending agent, or a third-party custodian, and cannot be sold or repledged by the Portfolio. | |||
| (d) | All or a portion of the security was pledged as collateral against open centrally cleared swap contracts. As of September 30, 2021, the market value of securities pledged was $3,840,078. | |||
| (e) | This loan will settle after September 30, 2021, at which time the interest rate will be determined. | |||
| (f) | Payment-in-kind security for which part of the income earned may be paid as additional principal. | |||
| (g) | Significant unobservable inputs were used in the valuation of this portfolio security; i.e. Level 3. | |||
| (h) | Security was valued in good faith under procedures approved by the Board of Trustees. As of September 30, 2021, these securities represent 0.2% of net assets. | |||
| (i) | Floating rate loans (“Senior Loans”) often require prepayments from excess cash flows or permit the borrowers to repay at their election. The degree to which borrowers repay, whether as a contractual requirement or at their election, cannot be predicted with accuracy. As a result, the actual remaining maturity may be substantially less than the stated maturities shown. However, Senior Loans will generally have an expected average life of approximately two to four years. Senior Loans typically have rates of interest which are determined periodically by reference to a base lending rate, plus a spread. These base rates are primarily the London Interbank Offered Rate and secondarily, the prime rate offered by one or more major United States banks. Base lending rates may be subject to a floor, or a minimum rate. | |||
| (j) | Unfunded or partially unfunded loan commitments. The Portfolio may enter into certain credit agreements for which all or a portion may be unfunded. The Portfolio is obligated to fund these commitments at the borrower’s discretion. | |||
| (k) | Principal amount of security is adjusted for inflation. | |||
| (l) | Non-income producing security. | |||
| (m) | Represents investment of cash collateral received from securities on loan as of September 30, 2021. | |||
| (n) | The rate shown represents the annualized seven-day yield as of September 30, 2021. | |||
| (144A)— | Securities exempt from registration under Rule 144A of the Securities Act of 1933. These securities may be resold in transactions exempt from registration, normally to qualified institutional buyers. As of September 30, 2021, the market value of 144A securities was $271,965,404, which is 26.8% of net assets. | |||
BHFTI-138
Brighthouse Funds Trust I
Brighthouse/Franklin Low Duration Total Return Portfolio
Schedule of Investments as of September 30, 2021 (Unaudited)
| Restricted Securities |
Acquisition Date |
Principal Amount |
Cost | Value | ||||||||||||
| KSouth Africa, Ltd., 25.000%, 12/31/22 |
12/22/16-12/31/18 | $ | 247,878 | $ | 247,878 | $ | 0 | |||||||||
| KSouth Africa, Ltd., 3.000%, 12/31/22 |
04/15/13-12/31/18 | 691,292 | 1,351,354 | 0 | ||||||||||||
|
|
|
|||||||||||||||
| $ | 0 | |||||||||||||||
|
|
|
|||||||||||||||
Forward Foreign Currency Exchange Contracts
| Contracts to Buy |
Counterparty |
Settlement Date |
In Exchange for |
Unrealized Appreciation/ (Depreciation) |
||||||||||||||||||
| AUD | 1,260,000 | JPMC |
01/19/22 | USD | 930,026 | $ | (18,599 | ) | ||||||||||||||
| AUD | 1,530,000 | JPMC |
03/01/22 | USD | 1,129,734 | (22,862 | ) | |||||||||||||||
| JPY | 161,000,000 | JPMC |
12/29/21 | USD | 1,452,000 | (4,079 | ) | |||||||||||||||
| KRW | 1,080,000,000 | JPMC |
01/19/22 | USD | 934,288 | (23,370 | ) | |||||||||||||||
| SGD | 1,300,000 | JPMC |
01/19/22 | USD | 956,002 | 1,212 | ||||||||||||||||
| TRY | 5,145,000 | JPMC |
03/22/22 | USD | 530,905 | (1,616 | ) | |||||||||||||||
| Contracts to Deliver |
||||||||||||||||||||||
| CAD | 1,010,000 | JPMC |
12/16/21 | USD | 819,975 | 22,572 | ||||||||||||||||
| EUR | 1,002,727 | JPMC |
12/14/21 | USD | 1,177,827 | 14,636 | ||||||||||||||||
| EUR | 1,000,000 | JPMC |
12/14/21 | USD | 1,187,610 | 27,583 | ||||||||||||||||
| EUR | 730,000 | JPMC |
12/14/21 | USD | 874,667 | 27,848 | ||||||||||||||||
| EUR | 400,000 | JPMC |
12/14/21 | USD | 473,412 | 9,401 | ||||||||||||||||
| NZD | 1,450,000 | JPMC |
03/01/22 | USD | 1,022,905 | 23,638 | ||||||||||||||||
|
|
|
|||||||||||||||||||||
| Net Unrealized Appreciation |
|
$ | 56,364 | |||||||||||||||||||
|
|
|
|||||||||||||||||||||
Futures Contracts
| Futures Contracts— Long |
Expiration Date |
Number of Contracts |
Notional Value |
Value/ Unrealized Appreciation/ (Depreciation) |
||||||||||||||||
| U.S. Treasury Note 2 Year Futures |
12/31/21 | 1,099 | USD | 241,840,102 | $ | (112,996 | ) | |||||||||||||
| Futures Contracts—Short |
||||||||||||||||||||
| U.S. Treasury Note 10 Year Futures |
12/21/21 | (398 | ) | USD | (52,380,531 | ) | 517,642 | |||||||||||||
| U.S. Treasury Note 5 Year Futures |
12/31/21 | (333 | ) | USD | (40,873,149 | ) | 197,296 | |||||||||||||
| U.S. Treasury Note Ultra 10 Year Futures |
12/21/21 | (47 | ) | USD | (6,826,750 | ) | 100,368 | |||||||||||||
|
|
|
|||||||||||||||||||
| Net Unrealized Appreciation |
|
$ | 702,310 | |||||||||||||||||
|
|
|
|||||||||||||||||||
Swap Agreements
Centrally Cleared Interest Rate Swaps
| Pay/Receive Floating Rate |
Floating Rate Index |
Payment Frequency |
Fixed Rate |
Payment |
Maturity Date |
Notional Amount |
Market Value |
Upfront Premiums Paid/ (Received) |
Unrealized Appreciation/ (Depreciation) (1) |
|||||||||||||||||||||||
| Receive |
12M CPURNSA | Maturity | 1.893% | Maturity | 01/15/27 | USD | 11,000,000 | $ | 813,836 | $ | — | $ | 813,836 | |||||||||||||||||||
|
|
|
|
|
|
|
|||||||||||||||||||||||||||
BHFTI-139
Brighthouse Funds Trust I
Brighthouse/Franklin Low Duration Total Return Portfolio
Schedule of Investments as of September 30, 2021 (Unaudited)
Centrally Cleared Credit Default Swaps on Credit Indices—Sell Protection (d)
| Reference Obligation |
Fixed Deal Receive Rate |
Payment Frequency |
Maturity Date |
Implied Credit Spread at September 30, 2021 (b) |
Notional Amount (c) |
Market Value |
Upfront Premiums Paid/ (Received) |
Unrealized Appreciation/ (Depreciation) |
||||||||||||||||||||||||||||
| CDX.NA.HY.33.V2 |
5.000% | Quarterly | 12/20/24 | 2.142% | USD | 676,400 | $ | 59,822 | $ | 23,460 | $ | 36,362 | ||||||||||||||||||||||||
| CDX.NA.HY.33.V2 |
5.000% | Quarterly | 12/20/24 | 2.142% | USD | 623,000 | 55,099 | (10,532) | 65,631 | |||||||||||||||||||||||||||
| CDX.NA.HY.33.V2 |
5.000% | Quarterly | 12/20/24 | 2.142% | USD | 5,785,000 | 511,633 | (57,499) | 569,132 | |||||||||||||||||||||||||||
|
|
|
|
|
|
|
|||||||||||||||||||||||||||||||
| Totals |
|
$ | 626,554 | $ | (44,571) | $ | 671,125 | |||||||||||||||||||||||||||||
|
|
|
|
|
|
|
|||||||||||||||||||||||||||||||
OTC Credit Default Swaps on Corporate Issues—Buy Protection (a)
| Reference Obligation |
Fixed Deal (Pay) Rate |
Payment Frequency |
Maturity Date |
Counterparty | Implied Credit Spread at September 30, 2021 (b) |
Notional Amount (c) |
Market Value |
Upfront Premium Paid/ (Received) |
Unrealized Appreciation/ (Depreciation) |
|||||||||||||||||||||||||||||||
| Avon Products, Inc. |
(5.000%) | Quarterly | 03/20/23 | CBNA | 0.895% | USD | 950,000 | $ | (57,465) | $ | (40,627) | $ | (16,838) | |||||||||||||||||||||||||||
| Avon Products, Inc. |
(5.000%) | Quarterly | 03/20/23 | CBNA | 0.895% | USD | 950,000 | (57,465) | (40,582) | (16,883) | ||||||||||||||||||||||||||||||
| Nabors Industries, Inc. |
(1.000%) | Quarterly | 12/20/21 | CBNA | 6.038% | USD | 875,000 | 9,839 | 2,438 | 7,401 | ||||||||||||||||||||||||||||||
| Nabors Industries, Inc. |
(1.000%) | Quarterly | 12/20/21 | CBNA | 6.038% | USD | 575,000 | 6,466 | 2,418 | 4,048 | ||||||||||||||||||||||||||||||
| Nabors Industries, Inc. |
(1.000%) | Quarterly | 12/20/21 | CBNA | 6.038% | USD | 425,000 | 4,779 | 1,146 | 3,633 | ||||||||||||||||||||||||||||||
|
|
|
|
|
|
|
|||||||||||||||||||||||||||||||||||
| Totals |
|
$ | (93,846) | $ | (75,207) | $ | (18,639) | |||||||||||||||||||||||||||||||||
|
|
|
|
|
|
|
|||||||||||||||||||||||||||||||||||
OTC Credit Default Swaps on Corporate and Sovereign Issues—Sell Protection (d)
| Reference Obligation |
Fixed Deal Receive Rate |
Payment Frequency |
Maturity Date |
Counterparty | Implied Credit Spread at September 30, 2021 (b) |
Notional Amount (c) |
Market Value |
Upfront Premium Paid/ (Received) |
Unrealized Appreciation/ (Depreciation) |
|||||||||||||||||||||||||||||||
| Air-France KLM S.A. |
5.000 | % | Quarterly | 12/20/25 | JPMC | 3.604 | % | EUR | 480,000 | $ | 30,047 | $ | (2,689 | ) | $ | 32,736 | ||||||||||||||||||||||||
| Air-France KLM S.A. |
5.000 | % | Quarterly | 06/20/26 | JPMC | 3.750 | % | EUR | 760,000 | 46,837 | 12,621 | 34,216 | ||||||||||||||||||||||||||||
| American Airlines Group, Inc. |
5.000 | % | Quarterly | 12/20/21 | CBNA | 4.487 | % | USD | 585,000 | 670 | (8,690 | ) | 9,360 | |||||||||||||||||||||||||||
| American Airlines Group, Inc. |
5.000 | % | Quarterly | 06/20/22 | JPMC | 4.078 | % | USD | 400,000 | 2,628 | (2,723 | ) | 5,351 | |||||||||||||||||||||||||||
| Apache Corp. |
1.000 | % | Quarterly | 12/20/26 | CBNA | 1.819 | % | USD | 1,525,000 | (61,340 | ) | (76,883 | ) | 15,543 | ||||||||||||||||||||||||||
| Carnival Corp |
1.000 | % | Quarterly | 12/20/26 | CBNA | 3.656 | % | USD | 585,000 | (71,156 | ) | (74,178 | ) | 3,022 | ||||||||||||||||||||||||||
| Mexico Government International Bond |
1.000 | % | Quarterly | 06/20/26 | CBNA | 0.916 | % | USD | 2,500,000 | 9,750 | 6,873 | 2,877 | ||||||||||||||||||||||||||||
| Nabors Industries, Inc. |
1.000 | % | Quarterly | 12/20/23 | CBNA | 5.023 | % | USD | 425,000 | (36,161 | ) | (26,071 | ) | (10,090 | ) | |||||||||||||||||||||||||
| Nabors Industries, Inc. |
1.000 | % | Quarterly | 12/20/23 | CBNA | 5.023 | % | USD | 575,000 | (48,923 | ) | (43,814 | ) | (5,109 | ) | |||||||||||||||||||||||||
| Nabors Industries, Inc. |
1.000 | % | Quarterly | 12/20/23 | CBNA | 5.023 | % | USD | 875,000 | (74,448 | ) | (54,892 | ) | (19,556 | ) | |||||||||||||||||||||||||
| Nordstrom, Inc. |
1.000 | % | Quarterly | 06/20/26 | CBNA | 2.303 | % | USD | 1,200,000 | (69,444 | ) | (73,844 | ) | 4,400 | ||||||||||||||||||||||||||
| Nordstrom, Inc. |
1.000 | % | Quarterly | 06/20/26 | JPMC | 2.303 | % | USD | 1,200,000 | (69,444 | ) | (56,575 | ) | (12,869 | ) | |||||||||||||||||||||||||
| United Airlines Holdings, Inc. |
5.000 | % | Quarterly | 12/20/25 | CSI | 3.665 | % | USD | 47,000 | 2,415 | — | 2,415 | ||||||||||||||||||||||||||||
|
|
|
|
|
|
|
|||||||||||||||||||||||||||||||||||
| Totals |
|
$ | (338,569 | ) | $ | (400,865 | ) | $ | 62,296 | |||||||||||||||||||||||||||||||
|
|
|
|
|
|
|
|||||||||||||||||||||||||||||||||||
BHFTI-140
Brighthouse Funds Trust I
Brighthouse/Franklin Low Duration Total Return Portfolio
Schedule of Investments as of September 30, 2021 (Unaudited)
OTC Credit Default Swaps on Credit Indices—Sell Protection (d)
| Reference Obligation (e) |
Fixed Deal Receive Rate |
Payment Frequency |
Maturity Date |
Counterparty | Implied Credit Spread at September 30, 2021 (b) |
Notional Amount (c) |
Market Value |
Upfront Premium Paid/ (Received) |
Unrealized Appreciation/ (Depreciation) |
|||||||||||||||||||||||||||||||
| Bespoke Kona 0-5% CDX Tranche |
1.000 | % | Quarterly | 12/20/22 | CBNA | 17.806 | % | USD | 1,000,000 | $ | (198,646 | ) | $ | (169,349 | ) | $ | (29,297 | ) | ||||||||||||||||||||||
| Bespoke Kenai 0-5% CDX Tranche |
0.000 | % | Quarterly | 12/20/23 | CBNA | 22.438 | % | USD | 2,100,000 | (849,165 | ) | (713,088 | ) | (136,077 | ) | |||||||||||||||||||||||||
| Bespoke Kona 5-10% CDX Tranche |
0.000 | % | Quarterly | 12/20/22 | CBNA | 1.737 | % | USD | 2,500,000 | 20,978 | — | 20,978 | ||||||||||||||||||||||||||||
| Bespoke Palm Beach 5-10% CDX Tranche |
0.000 | % | Quarterly | 12/20/22 | CBNA | 1.145 | % | USD | 3,300,000 | 33,532 | — | 33,532 | ||||||||||||||||||||||||||||
| Bespoke Phoenix 5-7% CDX Tranche |
2.900 | % | Quarterly | 12/20/21 | CBNA | 0.188 | % | USD | 900,000 | 6,287 | — | 6,287 | ||||||||||||||||||||||||||||
|
|
|
|
|
|
|
|||||||||||||||||||||||||||||||||||
| Totals |
|
$ | (987,014 | ) | $ | (882,437 | ) | $ | (104,577 | ) | ||||||||||||||||||||||||||||||
|
|
|
|
|
|
|
|||||||||||||||||||||||||||||||||||
OTC Cross-Currency Swaps
| Receive |
Pay |
Maturity Date (f) |
Counterparty |
Notional |
Notional |
Market Value |
Upfront Premium Paid/ (Received) |
Unrealized Appreciation/ (Depreciation) |
||||||||||||||||||||||||
| Floating rate equal to 3M USD-LIBOR plus 0.938% based on the notional amount of currency received |
Floating rate equal to 3M EURIBOR plus 0.880% based on the notional amount of currency delivered | 06/29/22 | CBNA | USD | 8,527,540 | EUR | 7,166,000 | $ | 226,854 | $ | (9,673 | ) | $ | 236,527 | ||||||||||||||||||
| Floating rate equal to 3M USD-LIBOR plus 1.174% based on the notional amount of currency received |
Floating rate equal to 3M EURIBOR plus 1.050% based on the notional amount of currency delivered | 12/10/21 | CBNA | USD | 9,879,000 | EUR | 8,900,000 | (428,836 | ) | — | (428,836 | ) | ||||||||||||||||||||
| Floating rate equal to 3M USD-LIBOR plus 1.175% based on the notional amount of currency received |
Floating rate equal to 3M EURIBOR plus 1.050% based on the notional amount of currency delivered | 11/22/21 | CBNA | USD | 8,840,000 | EUR | 8,000,000 | (424,809 | ) | — | (424,809 | ) | ||||||||||||||||||||
| Floating rate equal to 3M USD-LIBOR plus 1.250% based on the notional amount of currency received |
Floating rate equal to 3M EURIBOR plus 1.100% based on the notional amount of currency delivered | 10/30/21 | CBNA | USD | 4,551,000 | EUR | 4,100,000 | (197,760 | ) | — | (197,760 | ) | ||||||||||||||||||||
| Floating rate equal to 3M USD-LIBOR plus 1.318% based on the notional amount of currency received |
Fixed rate equal to 1.200% based on the notional amount of currency delivered | 12/12/21 | CBNA | USD | 5,439,000 | EUR | 4,900,000 | (236,178 | ) | — | (236,178 | ) | ||||||||||||||||||||
|
|
|
|
|
|
|
|||||||||||||||||||||||||||
| Totals |
|
$ | (1,060,729 | ) | $ | (9,673 | ) | $ | (1,051,056 | ) | ||||||||||||||||||||||
|
|
|
|
|
|
|
|||||||||||||||||||||||||||
| (a) | If the Portfolio is a buyer of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Portfolio will either (i) receive from the seller of protection an amount equal to the notional amount of the swap and deliver the referenced obligation or underlying securities comprising the referenced index or (ii) receive a net settlement amount in the form of cash or securities equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | |||
| (b) | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate issues or indices as of period end serve as an indicator of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity’s credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. A credit spread identified as “Defaulted” indicates a credit event has occurred for the referenced entity or obligation. | |||
| (c) | The maximum potential amount of future undiscounted payments that the Portfolio could be required to make under a credit default swap contract would be the notional amount of the contract. These potential amounts would be partially offset by any recovery values of the referenced debt obligation or net amounts received from the settlement of purchased protection credit default swap contracts entered into by the Portfolio for the same referenced debt obligation. | |||
| (d) | If the Portfolio is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Portfolio will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash or securities equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | |||
| (e) | Represents a custom index comprised of a basket of underlying issues. | |||
| (f) | At the maturity date, the notional amount of the currency received will be exchanged back for the notional amount of the currency delivered. | |||
| (1) | There is no upfront payment premium paid or (received) therefore Market Value equals Unrealized Appreciation/(Depreciation). | |||
BHFTI-141
Brighthouse Funds Trust I
Brighthouse/Franklin Low Duration Total Return Portfolio
Schedule of Investments as of September 30, 2021 (Unaudited)
Glossary of Abbreviations
Counterparties
| (CBNA)— | Citibank N.A. | |||
| (CSI)— | Credit Suisse International | |||
| (JPMC)— | JPMorgan Chase Bank N.A. | |||
Currencies
| (AUD)— | Australian Dollar | |||
| (CAD)— | Canadian Dollar | |||
| (DOP)— | Dominican Peso | |||
| (EUR)— | Euro | |||
| (JPY)— | Japanese Yen | |||
| (KRW)— | South Korean Won | |||
| (NZD)— | New Zealand Dollar | |||
| (SGD)— | Singapore Dollar | |||
| (TRY)— | Turkish Lira | |||
| (USD)— | United States Dollar | |||
| (UYU)— | Uruguayan Peso | |||
Index Abbreviations
| (CDX.NA.HY)— | Markit North America High Yield CDS Index | |||
| (CPURNSA)— | U.S. Consumer Price Index for All Urban Consumers Non-Seasonally Adjusted | |||
| (EURIBOR)— | Euro InterBank Offered Rate | |||
| (H15)— | U.S. Treasury Yield Curve Rate T-Note Constant Maturity Index | |||
| (LIBOR)— | London Interbank Offered Rate | |||
| (OBFR)— | U.S. Overnight Bank Funding Rate | |||
| (SOFR)— | Secured Overnight Financing Rate | |||
Other Abbreviations
| (ARM)— | Adjustable-Rate Mortgage | |||
| (CLO)— | Collateralized Loan Obligation | |||
| (CMO)— | Collateralized Mortgage Obligation | |||
| (ETF)— | Exchange-Traded Fund | |||
| (REMIC)— | Real Estate Mortgage Investment Conduit | |||
Fair Value Hierarchy
Accounting principles generally accepted in the United States of America (“GAAP”) define fair market value as the price that the Portfolio would receive to sell an asset or pay to transfer a liability in an orderly transaction between market participants at the measurement date. It establishes a fair value hierarchy that prioritizes inputs to valuation methods and requires disclosure of the fair value hierarchy, separately for each major category of assets and liabilities, that segregates fair value measurements into three levels. Levels 1, 2 and 3 of the fair value hierarchy are defined as follows:
Level 1 - unadjusted quoted prices in active markets for identical investments
Level 2 - other significant observable inputs (including, but not limited to, quoted prices for similar assets or liabilities in markets that are either active or inactive; inputs other than quoted prices that are observable such as interest rates, yield curves, volatilities, prepayment speeds, loss severities, credit risks, default rates, or other market corroborated inputs)
Level 3 - significant unobservable inputs based on the best information available in the circumstances, to the extent observable inputs are unavailable (including the Portfolio’s own assumptions used in determining the fair value of investments and derivative financial instruments)
The inputs or methodologies used for valuing investments are not necessarily an indication of the risk associated with investing in them. Changes to the inputs or methodologies used may result in transfers between levels. A reconciliation of Level 3 securities, if any, will be disclosed following the fair value hierarchy table. For more information about the Portfolio’s policy regarding the valuation of investments, please refer to the Notes to Schedule of Investments.
The following table summarizes the fair value hierarchy of the Portfolio’s investments as of September 30, 2021:
| Description | Level 1 | Level 2 | Level 3 | Total | ||||||||||||
| Total U.S. Treasury & Government Agencies* |
$ | — | $ | 440,605,467 | $ | — | $ | 440,605,467 | ||||||||
| Corporate Bonds & Notes |
| |||||||||||||||
| Aerospace/Defense |
— | 7,099,431 | — | 7,099,431 | ||||||||||||
| Agriculture |
— | 2,596,710 | — | 2,596,710 | ||||||||||||
| Airlines |
— | 7,743,363 | — | 7,743,363 | ||||||||||||
| Banks |
— | 57,229,603 | — | 57,229,603 | ||||||||||||
| Beverages |
— | 5,095,212 | — | 5,095,212 | ||||||||||||
| Biotechnology |
— | 696,973 | — | 696,973 | ||||||||||||
| Chemicals |
— | 5,934,750 | — | 5,934,750 | ||||||||||||
| Commercial Services |
— | 468,561 | — | 468,561 | ||||||||||||
| Cosmetics/Personal Care |
— | 4,228,724 | — | 4,228,724 | ||||||||||||
| Diversified Financial Services |
— | 6,093,915 | — | 6,093,915 | ||||||||||||
| Electric |
— | 22,322,442 | — | 22,322,442 | ||||||||||||
| Electrical Components & Equipment |
— | 1,173,843 | — | 1,173,843 | ||||||||||||
| Electronics |
— | 1,523,491 | — | 1,523,491 | ||||||||||||
| Entertainment |
— | 2,172,933 | — | 2,172,933 | ||||||||||||
| Food |
— | 1,086,250 | — | 1,086,250 | ||||||||||||
| Healthcare-Services |
— | 7,190,792 | — | 7,190,792 | ||||||||||||
| Insurance |
— | 976,395 | — | 976,395 | ||||||||||||
| Internet |
— | 15,772,832 | — | 15,772,832 | ||||||||||||
BHFTI-142
Brighthouse Funds Trust I
Brighthouse/Franklin Low Duration Total Return Portfolio
Schedule of Investments as of September 30, 2021 (Unaudited)
Fair Value Hierarchy—(Continued)
| Description | Level 1 | Level 2 | Level 3 | Total | ||||||||||||
| Leisure Time |
$ | — | $ | 5,640,505 | $ | — | $ | 5,640,505 | ||||||||
| Lodging |
— | 3,233,233 | — | 3,233,233 | ||||||||||||
| Machinery-Construction & Mining |
— | 749,749 | — | 749,749 | ||||||||||||
| Media |
— | 16,262,928 | — | 16,262,928 | ||||||||||||
| Mining |
— | 304,254 | — | 304,254 | ||||||||||||
| Miscellaneous Manufacturing |
— | 109,241 | — | 109,241 | ||||||||||||
| Multi-National |
— | 1,455,935 | — | 1,455,935 | ||||||||||||
| Oil & Gas |
— | 23,699,360 | — | 23,699,360 | ||||||||||||
| Oil & Gas Services |
— | 209,571 | — | 209,571 | ||||||||||||
| Packaging & Containers |
— | 4,068,310 | — | 4,068,310 | ||||||||||||
| Pharmaceuticals |
— | 13,870,387 | — | 13,870,387 | ||||||||||||
| Pipelines |
— | 13,643,283 | — | 13,643,283 | ||||||||||||
| Real Estate |
— | 225,508 | — | 225,508 | ||||||||||||
| Real Estate Investment Trusts |
— | 2,244,000 | — | 2,244,000 | ||||||||||||
| Retail |
— | 183,642 | 0 | 183,642 | ||||||||||||
| Semiconductors |
— | 3,356,072 | — | 3,356,072 | ||||||||||||
| Software |
— | 1,031,449 | — | 1,031,449 | ||||||||||||
| Telecommunications |
— | 10,303,613 | — | 10,303,613 | ||||||||||||
| Trucking & Leasing |
— | 594,516 | — | 594,516 | ||||||||||||
| Total Corporate Bonds & Notes |
— | 250,591,776 | 0 | 250,591,776 | ||||||||||||
| Total Asset-Backed Securities* |
— | 137,183,742 | — | 137,183,742 | ||||||||||||
| Floating Rate Loans |
| |||||||||||||||
| Advertising |
— | 290,533 | — | 290,533 | ||||||||||||
| Aerospace/Defense |
— | 1,468,464 | — | 1,468,464 | ||||||||||||
| Airlines |
— | 5,130,687 | — | 5,130,687 | ||||||||||||
| Apparel |
— | 291,358 | — | 291,358 | ||||||||||||
| Auto Manufacturers |
— | 157,246 | — | 157,246 | ||||||||||||
| Auto Parts & Equipment |
— | 896,049 | — | 896,049 | ||||||||||||
| Beverages |
— | 303,741 | — | 303,741 | ||||||||||||
| Chemicals |
— | 1,391,679 | — | 1,391,679 | ||||||||||||
| Commercial Services |
— | 2,120,630 | — | 2,120,630 | ||||||||||||
| Computers |
— | 1,334,163 | — | 1,334,163 | ||||||||||||
| Cosmetics/Personal Care |
— | 925,599 | — | 925,599 | ||||||||||||
| Diversified Financial Services |
— | 1,672,682 | — | 1,672,682 | ||||||||||||
| Electric |
— | 23,618 | — | 23,618 | ||||||||||||
| Engineering & Construction |
— | 527,372 | — | 527,372 | ||||||||||||
| Entertainment |
— | 1,826,708 | — | 1,826,708 | ||||||||||||
| Environmental Control |
— | 120,882 | — | 120,882 | ||||||||||||
| Healthcare-Services |
— | 2,192,962 | — | 2,192,962 | ||||||||||||
| Home Builders |
— | 1,685,048 | — | 1,685,048 | ||||||||||||
| Home Furnishings |
— | 235,295 | — | 235,295 | ||||||||||||
| Household Products/Wares |
— | 54,668 | — | 54,668 | ||||||||||||
| Insurance |
— | 2,523,791 | — | 2,523,791 | ||||||||||||
| Internet |
— | 448,421 | — | 448,421 | ||||||||||||
| Leisure Time |
— | 862,133 | — | 862,133 | ||||||||||||
| Lodging |
— | 1,625,176 | — | 1,625,176 | ||||||||||||
| Machinery-Diversified |
— | 385,075 | — | 385,075 | ||||||||||||
| Media |
— | 2,792,843 | — | 2,792,843 | ||||||||||||
| Metal Fabricate/Hardware |
— | 616,728 | — | 616,728 | ||||||||||||
| Mining |
— | 243,250 | — | 243,250 | ||||||||||||
| Office/Business Equipment |
— | 450,500 | — | 450,500 | ||||||||||||
| Oil & Gas |
— | 362,737 | — | 362,737 | ||||||||||||
| Oil & Gas Services |
— | — | 668,058 | 668,058 | ||||||||||||
| Packaging & Containers |
— | 1,179,856 | — | 1,179,856 | ||||||||||||
| Pharmaceuticals |
— | 1,525,185 | — | 1,525,185 | ||||||||||||
| Real Estate |
— | 303,987 | — | 303,987 | ||||||||||||
| Retail |
— | 2,072,818 | — | 2,072,818 | ||||||||||||
| Software (Less Unfunded Loan Commitments of $9,131) |
— | 6,485,161 | — | 6,485,161 | ||||||||||||
BHFTI-143
Brighthouse Funds Trust I
Brighthouse/Franklin Low Duration Total Return Portfolio
Schedule of Investments as of September 30, 2021 (Unaudited)
Fair Value Hierarchy—(Continued)
| Description | Level 1 | Level 2 | Level 3 | Total | ||||||||||||
| Telecommunications |
$ | — | $ | 2,375,574 | $ | — | $ | 2,375,574 | ||||||||
| Transportation |
— | 360,345 | — | 360,345 | ||||||||||||
| Total Floating Rate Loans (Less Unfunded Loan Commitments of $9,131) |
— | 47,262,964 | 668,058 | 47,931,022 | ||||||||||||
| Total Mortgage-Backed Securities* |
— | 46,822,550 | — | 46,822,550 | ||||||||||||
| Total Foreign Government* |
— | 34,734,061 | — | 34,734,061 | ||||||||||||
| Investment Company Security |
20,248,800 | — | — | 20,248,800 | ||||||||||||
| Total Municipals* |
— | 20,200,553 | — | 20,200,553 | ||||||||||||
| Common Stocks |
| |||||||||||||||
| Energy Equipment & Services |
130,255 | — | — | 130,255 | ||||||||||||
| Metals & Mining |
— | 0 | — | 0 | ||||||||||||
| Oil, Gas & Consumable Fuels |
— | 815,857 | 732 | 816,589 | ||||||||||||
| Paper & Forest Products |
— | — | 944,430 | 944,430 | ||||||||||||
| Retail |
— | — | 0 | 0 | ||||||||||||
| Total Common Stocks |
130,255 | 815,857 | 945,162 | 1,891,274 | ||||||||||||
| Warrants |
| |||||||||||||||
| Oil, Gas & Consumable Fuels |
— | 382,200 | 472 | 382,672 | ||||||||||||
| Paper & Forest Products |
744 | — | — | 744 | ||||||||||||
| Total Warrants |
744 | 382,200 | 472 | 383,416 | ||||||||||||
| Total Short-Term Investments* |
— | 36,979,626 | — | 36,979,626 | ||||||||||||
| Securities Lending Reinvestments |
| |||||||||||||||
| Certificates of Deposit |
— | 6,000,182 | — | 6,000,182 | ||||||||||||
| Commercial Paper |
— | 1,998,145 | — | 1,998,145 | ||||||||||||
| Repurchase Agreements |
— | 37,316,809 | — | 37,316,809 | ||||||||||||
| Time Deposits |
— | 5,500,000 | — | 5,500,000 | ||||||||||||
| Mutual Funds |
7,000,000 | — | — | 7,000,000 | ||||||||||||
| Total Securities Lending Reinvestments |
7,000,000 | 50,815,136 | — | 57,815,136 | ||||||||||||
| Total Net Investments |
$ | 27,379,799 | $ | 1,066,393,932 | $ | 1,613,692 | $ | 1,095,387,423 | ||||||||
| Collateral for Securities Loaned (Liability) |
$ | — | $ | (57,813,183 | ) | $ | — | $ | (57,813,183 | ) | ||||||
| Forward Contracts |
| |||||||||||||||
| Forward Foreign Currency Exchange Contracts (Unrealized Appreciation) |
$ | — | $ | 126,890 | $ | — | $ | 126,890 | ||||||||
| Forward Foreign Currency Exchange Contracts (Unrealized Depreciation) |
— | (70,526 | ) | — | (70,526 | ) | ||||||||||
| Total Forward Contracts |
$ | — | $ | 56,364 | $ | — | $ | 56,364 | ||||||||
| Futures Contracts |
| |||||||||||||||
| Futures Contracts (Unrealized Appreciation) |
$ | 815,306 | $ | — | $ | — | $ | 815,306 | ||||||||
| Futures Contracts (Unrealized Depreciation) |
(112,996 | ) | — | — | (112,996 | ) | ||||||||||
| Total Futures Contracts |
$ | 702,310 | $ | — | $ | — | $ | 702,310 | ||||||||
| Centrally Cleared Swap Contracts |
| |||||||||||||||
| Centrally Cleared Swap Contracts (Unrealized Appreciation) |
$ | — | $ | 1,484,961 | $ | — | $ | 1,484,961 | ||||||||
| OTC Swap Contracts | ||||||||||||||||
| OTC Swap Contracts at Value (Assets) |
$ | — | $ | 401,082 | $ | — | $ | 401,082 | ||||||||
| OTC Swap Contracts at Value (Liabilities) |
— | (2,881,240 | ) | — | (2,881,240 | ) | ||||||||||
| Total OTC Swap Contracts |
$ | — | $ | (2,480,158 | ) | $ | — | $ | (2,480,158 | ) | ||||||
| * | See Schedule of Investments for additional detailed categorizations. | |||
Level 3 investments at the beginning and/or end of the period in relation to net assets were not significant and accordingly, a reconciliation of Level 3 assets for the period ended September 30, 2021 is not presented.
During the period ended September 30, 2021, a transfer from Level 2 to Level 3 in the amount of $979 was due to the cessation of a vendor or broker providing prices based on market indications which resulted in a lack of significant observable inputs.
BHFTI-144
Brighthouse Funds Trust I
Brighthouse/Templeton International Bond Portfolio
Schedule of Investments as of September 30, 2021 (Unaudited)
Foreign Government—69.7% of Net Assets
| Security Description | Principal Amount* |
Value | ||||||
| Argentina—2.2% | ||||||||
| Argentina Treasury Bonds |
654,142,847 | $ | 5,774,568 | |||||
| 1.300%, 09/20/22 (ARS) (a) |
5,948,000 | 49,538 | ||||||
| 1.400%, 03/25/23 (ARS) (a) |
479,308,032 | 4,085,165 | ||||||
| 1.450%, 08/13/23 (ARS) (a) |
31,172,407 | 235,310 | ||||||
| 1.500%, 03/25/24 (ARS) (a) |
391,845,470 | 3,164,071 | ||||||
| Argentine Bonos del Tesoro |
693,671,000 | 1,376,764 | ||||||
| 16.000%, 10/17/23 (ARS) |
387,123,400 | 1,171,611 | ||||||
| 18.200%, 10/03/21 (ARS) |
329,017,000 | 1,690,871 | ||||||
| Bonos del Tesoro Nacional en Pesos Badlar |
20,147,000 | 92,760 | ||||||
| Letras de la Nacion Argentina con Ajuste por CER |
74,130,170 | 475,618 | ||||||
| 2.447%, 04/18/22 (ARS) (a) |
207,221,600 | 1,272,320 | ||||||
| 51.901%, 06/30/22 (ARS) (a) |
26,860,800 | 149,288 | ||||||
|
|
|
|||||||
| 19,537,884 | ||||||||
|
|
|
|||||||
| Brazil—7.9% | ||||||||
| Brazil Letras do Tesouro Nacional |
31,000,000 | 4,594,985 | ||||||
| 8.366%, 07/01/24 (c) |
131,490,000 | 18,551,565 | ||||||
| 9.369%, 01/01/25 (c) |
227,900,000 | 30,510,456 | ||||||
| Brazil Notas do Tesouro Nacional |
17,920,000 | 3,274,940 | ||||||
| 10.000%, 01/01/27 (BRL) |
74,890,000 | 13,445,174 | ||||||
| 10.000%, 01/01/29 (BRL) |
7,710,000 | 1,358,377 | ||||||
| 10.000%, 01/01/31 (BRL) |
12,310,000 | 2,127,115 | ||||||
|
|
|
|||||||
| 73,862,612 | ||||||||
|
|
|
|||||||
| Colombia—3.5% | ||||||||
| Colombian TES |
8,486,000,000 | 2,096,161 | ||||||
| 6.250%, 11/26/25 (COP) |
12,336,000,000 | 3,244,526 | ||||||
| 7.000%, 05/04/22 (COP) |
653,000,000 | 175,796 | ||||||
| 7.000%, 06/30/32 (COP) |
7,946,000,000 | 1,974,188 | ||||||
| 7.500%, 08/26/26 (COP) |
24,687,000,000 | 6,714,983 | ||||||
| 7.750%, 09/18/30 (COP) |
40,473,100,000 | 10,840,409 | ||||||
| 10.000%, 07/24/24 (COP) |
26,419,000,000 | 7,742,881 | ||||||
|
|
|
|||||||
| 32,788,944 | ||||||||
|
|
|
|||||||
| Ghana—1.2% | ||||||||
| Ghana Government Bonds |
13,400,000 | 2,237,875 | ||||||
| 17.600%, 11/28/22 (GHS) |
11,600,000 | 1,965,503 | ||||||
| 17.700%, 03/18/24 (GHS) |
1,450,000 | 241,387 | ||||||
| 18.250%, 07/25/22 (GHS) |
5,270,000 | 897,528 | ||||||
| 18.300%, 03/02/26 (GHS) |
810,000 | 131,951 | ||||||
| 18.750%, 01/24/22 (GHS) |
890,000 | 150,161 | ||||||
| 18.850%, 09/28/23 (GHS) |
4,050,000 | 690,786 | ||||||
| 19.000%, 09/18/23 (GHS) |
680,000 | 115,953 | ||||||
| 19.250%, 11/27/23 (GHS) |
1,820,000 | 311,632 | ||||||
| 19.250%, 12/18/23 (GHS) |
130,000 | 22,261 | ||||||
| 19.500%, 10/18/21 (GHS) |
4,530,000 | 755,393 | ||||||
| Ghana—(Continued) | ||||||||
| Ghana Government Bonds |
18,788,000 | 3,159,977 | ||||||
| 20.750%, 01/16/23 (GHS) |
150,000 | 26,265 | ||||||
| Ghana Treasury Notes |
320,000 | 53,317 | ||||||
| 17.600%, 02/20/23 (GHS) |
4,457,000 | 753,556 | ||||||
| 18.500%, 01/02/23 (GHS) |
90,000 | 15,383 | ||||||
|
|
|
|||||||
| 11,528,928 | ||||||||
|
|
|
|||||||
| India—4.6% | ||||||||
| India Government Bonds |
139,600,000 | 1,864,248 | ||||||
| 5.220%, 06/15/25 (INR) |
137,000,000 | 1,837,270 | ||||||
| 6.790%, 05/15/27 (INR) |
1,478,610,000 | 20,722,751 | ||||||
| 7.270%, 04/08/26 (INR) |
94,000,000 | 1,342,486 | ||||||
| 7.590%, 01/11/26 (INR) |
1,012,000,000 | 14,607,212 | ||||||
| 7.680%, 12/15/23 (INR) |
80,000,000 | 1,146,925 | ||||||
| 8.200%, 09/24/25 (INR) |
71,900,000 | 1,060,080 | ||||||
|
|
|
|||||||
| 42,580,972 | ||||||||
|
|
|
|||||||
| Indonesia—10.7% | ||||||||
| Indonesia Treasury Bonds |
413,500,000,000 | 29,205,740 | ||||||
| 5.625%, 05/15/23 (IDR) |
112,587,000,000 | 8,074,799 | ||||||
| 6.500%, 06/15/25 (IDR) |
5,160,000,000 | 378,550 | ||||||
| 7.000%, 05/15/22 (IDR) |
360,607,000,000 | 25,774,739 | ||||||
| 8.375%, 03/15/24 (IDR) |
17,893,000,000 | 1,363,931 | ||||||
| 10.000%, 09/15/24 (IDR) |
122,770,000,000 | 9,841,334 | ||||||
| 12.900%, 06/15/22 (IDR) |
341,823,000,000 | 25,377,773 | ||||||
|
|
|
|||||||
| 100,016,866 | ||||||||
|
|
|
|||||||
| Japan—13.3% | ||||||||
| Japan Treasury Bills |
| |||||||
| Zero Coupon, 10/25/21 (JPY) (c) |
1,799,700,000 | 16,171,726 | ||||||
| Zero Coupon, 12/06/21 (JPY) (c) |
798,500,000 | 7,176,138 | ||||||
| Zero Coupon, 12/10/21 (JPY) (c) |
681,800,000 | 6,127,438 | ||||||
| Zero Coupon, 02/10/22 (JPY) (c) |
10,465,100,000 | 94,070,779 | ||||||
|
|
|
|||||||
| 123,546,081 | ||||||||
|
|
|
|||||||
| Mexico—4.4% | ||||||||
| Mexican Bonos |
166,840,000 | 8,128,413 | ||||||
| 6.750%, 03/09/23 (MXN) |
259,469,000 | 12,709,789 | ||||||
| 8.000%, 12/07/23 (MXN) |
256,957,000 | 12,881,150 | ||||||
| 10.000%, 12/05/24 (MXN) |
134,690,000 | 7,153,516 | ||||||
|
|
|
|||||||
| 40,872,868 | ||||||||
|
|
|
|||||||
| Norway—3.5% | ||||||||
| Norway Government Bonds |
20,165,000 | 2,317,865 | ||||||
| 1.750%, 03/13/25 (144A) (NOK) |
33,998,000 | 3,949,435 | ||||||
| 2.000%, 05/24/23 (144A) (NOK) |
119,955,000 | 13,981,428 | ||||||
| 3.000%, 03/14/24 (144A) (NOK) |
100,903,000 | 12,062,651 | ||||||
|
|
|
|||||||
| 32,311,379 | ||||||||
|
|
|
|||||||
BHFTI-145
Brighthouse Funds Trust I
Brighthouse/Templeton International Bond Portfolio
Schedule of Investments as of September 30, 2021 (Unaudited)
Foreign Government—(Continued)
| Security Description | Principal Amount* |
Value | ||||||
| Singapore—4.5% | ||||||||
| Monetary Authority of Singapore Bills |
| |||||||
| 0.280%, 10/15/21 (SGD) (c) |
14,440,000 | $ | 10,633,831 | |||||
| 0.285%, 11/19/21 (SGD) (c) |
39,890,000 | 29,367,630 | ||||||
| 0.314%, 11/12/21 (SGD) (c) |
3,080,000 | 2,267,674 | ||||||
|
|
|
|||||||
| 42,269,135 | ||||||||
|
|
|
|||||||
| South Korea—13.9% | ||||||||
| Korea Monetary Stabilization Bond 0.905%, 04/02/23 (KRW) |
34,690,000,000 | 29,088,799 | ||||||
| Korea Treasury Bonds |
27,639,000,000 | 23,006,049 | ||||||
| 1.125%, 06/10/24 (KRW) |
7,685,000,000 | 6,405,738 | ||||||
| 1.250%, 12/10/22 (KRW) |
64,900,000,000 | 54,787,317 | ||||||
| 1.875%, 03/10/22 (KRW) |
18,459,000,000 | 15,664,784 | ||||||
|
|
|
|||||||
| 128,952,687 | ||||||||
|
|
|
|||||||
| Total Foreign Government |
648,268,356 | |||||||
|
|
|
|||||||
| U.S. Treasury & Government Agencies—15.1% |
| |||||||
| U.S. Treasury—15.1% | ||||||||
| U.S. Treasury Notes |
6,766,100 | 6,774,051 | ||||||
| 1.500%, 09/30/24 (d) |
33,000,000 | 33,965,508 | ||||||
| 1.500%, 10/31/24 (d) |
15,650,000 | 16,109,719 | ||||||
| 1.750%, 12/31/24 |
52,891,000 | 54,876,478 | ||||||
| 2.125%, 12/31/21 (d) |
10,000,000 | 10,051,348 | ||||||
| 2.875%, 05/31/25 |
17,750,000 | 19,141,572 | ||||||
|
|
|
|||||||
| Total U.S. Treasury & Government Agencies |
140,918,676 | |||||||
|
|
|
|||||||
| Short-Term Investment—14.8% |
| |||||||
| Repurchase Agreement—13.4% | ||||||||
| Fixed Income Clearing Corp. |
124,978,823 | 124,978,823 | ||||||
|
|
|
|||||||
| U.S. Treasury—1.4% | ||||||||
| U.S. Treasury Bill |
12,532,000 | 12,531,048 | ||||||
|
|
|
|||||||
| Total Short-Term Investments |
137,509,871 | |||||||
|
|
|
|||||||
| Securities Lending Reinvestments (e)—4.8% |
| |||||||
| Repurchase Agreements—3.7% | ||||||||
| Barclays Bank plc |
5,000,000 | 5,000,000 | ||||||
| Repurchase Agreements—(Continued) | ||||||||
| Barclays Capital, Inc. |
3,288,397 | $ | 3,288,397 | |||||
| Cantor Fitzgerald & Co. |
6,000,000 | 6,000,000 | ||||||
| Deutsche Bank AG, London |
800,000 | 800,000 | ||||||
| ING Financial Markets LLC |
5,000,000 | 5,000,000 | ||||||
| National Bank of Canada |
3,000,000 | 3,000,000 | ||||||
| NBC Global Finance, Ltd. |
600,000 | 600,000 | ||||||
| Repurchase Agreement dated 09/30/21 at 0.250%, due on 10/07/21 with a maturity value of $2,600,126; collateralized by U.S. Treasury Obligations with rates ranging from 0.095% - 2.000%, maturity dates ranging from 07/31/22 - 02/15/50, and various Common Stock with an aggregate market value of $2,887,607. |
2,600,000 | 2,600,000 | ||||||
| Societe Generale |
| |||||||
| Repurchase Agreement dated 09/30/21 at 0.050%, due on 10/01/21 with a maturity value of $979,552; collateralized by U.S. Treasury Obligations with rates ranging from 0.000% - 6.750%, maturity dates ranging from 10/21/21 - 02/15/49, and an aggregate market value of $999,192. |
979,551 | 979,551 | ||||||
| Repurchase Agreement dated 09/30/21 at 0.170%, due on 10/01/21 with a maturity value of $5,000,024; collateralized by various Common Stock with an aggregate market value of $5,555,666. |
5,000,000 | 5,000,000 | ||||||
BHFTI-146
Brighthouse Funds Trust I
Brighthouse/Templeton International Bond Portfolio
Schedule of Investments as of September 30, 2021 (Unaudited)
Securities Lending Reinvestments (e)—(Continued)
| Security Description | Shares/ Principal |
Value | ||||||
| Repurchase Agreements—(Continued) | ||||||||
| Societe Generale Repurchase Agreement dated 09/30/21 at 0.200%, due on 10/07/21 with a maturity value of $2,113,903; collateralized by various Common Stock with an aggregate market value of $2,348,737. |
2,113,821 | $ | 2,113,821 | |||||
|
|
|
|||||||
| 34,381,769 | ||||||||
|
|
|
|||||||
| Time Deposits—0.3% | ||||||||
| First Abu Dhabi Bank USA NV |
1,000,000 | 1,000,000 | ||||||
| Landesbank Baden-Wuettertemberg (London) |
400,000 | 400,000 | ||||||
| Skandi New York |
1,000,000 | 1,000,000 | ||||||
|
|
|
|||||||
| 2,400,000 | ||||||||
|
|
|
|||||||
| Mutual Funds—0.8% | ||||||||
| Goldman Sachs Financial Square Government Fund, Institutional Shares 0.030% (f) |
5,000,000 | 5,000,000 | ||||||
| STIT-Government & Agency Portfolio, Institutional Class |
2,000,000 | 2,000,000 | ||||||
|
|
|
|||||||
| 7,000,000 | ||||||||
|
|
|
|||||||
| Total Securities Lending Reinvestments |
43,781,769 | |||||||
|
|
|
|||||||
| Total Investments—104.4% |
970,478,672 | |||||||
| Other assets and liabilities (net)—(4.4)% |
(39,765,843 | ) | ||||||
|
|
|
|||||||
| Net Assets—100.0% | $ | 930,712,829 | ||||||
|
|
|
|||||||
| * | Principal amount stated in U.S. dollars unless otherwise noted. | |||
| (a) | Principal amount of security is adjusted for inflation. | |||
| (b) | Variable or floating rate security. The stated rate represents the rate at September 30, 2021. Maturity date shown for callable securities reflects the earliest possible call date. For securities based on a published reference index and spread, the index and spread are indicated in the description above. For certain variable rate securities, the coupon rate is determined by the issuer/agent based on current market conditions. For certain asset- and mortgage-backed securities, the coupon rate may fluctuate based on changes of the underlying collateral or prepayments of principal. These securities do not indicate a reference index and spread in their description above. | |||
| (c) | The rate shown represents current yield to maturity. | |||
| (d) | All or a portion of the security was held on loan. As of September 30, 2021, the market value of securities loaned was $42,843,235 and the collateral received consisted of cash in the amount of $43,781,769. The cash collateral investments are disclosed in the Schedule of Investments and categorized as Securities Lending Reinvestments. | |||
| (e) | Represents investment of cash collateral received from securities on loan as of September 30, 2021. | |||
| (f) | The rate shown represents the annualized seven-day yield as of September 30, 2021. | |||
| (144A)— | Securities exempt from registration under Rule 144A of the Securities Act of 1933. These securities may be resold in transactions exempt from registration, normally to qualified institutional buyers. As of September 30, 2021, the market value of 144A securities was $32,311,379, which is 3.5% of net assets. | |||
Forward Foreign Currency Exchange Contracts
| Contracts to Buy |
Counterparty |
Settlement Date |
In Exchange for |
Unrealized Appreciation/ (Depreciation) |
||||||||||||||||||
| CLP | 751,930,914 | GSBU |
10/04/21 | USD | 975,469 | $ | (48,076 | ) | ||||||||||||||
| CLP | 1,250,670,000 | JPMC |
10/04/21 | USD | 1,695,847 | (153,333 | ) | |||||||||||||||
| CLP | 3,262,900,000 | JPMC |
10/13/21 | USD | 4,216,995 | (195,637 | ) | |||||||||||||||
| CLP | 366,600,000 | GSBU |
10/14/21 | USD | 492,048 | (40,280 | ) | |||||||||||||||
| CLP | 1,250,670,000 | JPMC |
10/29/21 | USD | 1,582,806 | (44,077 | ) | |||||||||||||||
| CLP | 1,446,500,000 | JPMC |
10/29/21 | USD | 1,830,827 | (51,164 | ) | |||||||||||||||
| CLP | 445,720,000 | GSBU |
11/04/21 | USD | 573,082 | (25,056 | ) | |||||||||||||||
| CLP | 751,930,914 | GSBU |
11/04/21 | USD | 974,458 | (49,938 | ) | |||||||||||||||
| CLP | 1,085,081,616 | GSBU |
11/05/21 | USD | 1,396,430 | (62,399 | ) | |||||||||||||||
| CLP | 1,935,473,763 | GSBU |
11/30/21 | USD | 2,460,838 | (86,100 | ) | |||||||||||||||
| CLP | 2,162,354,751 | GSBU |
12/15/21 | USD | 2,768,346 | (118,735 | ) | |||||||||||||||
| CLP | 752,740,000 | GSBU |
12/23/21 | USD | 1,011,299 | (89,625 | ) | |||||||||||||||
| CLP | 752,740,000 | GSBU |
12/23/21 | USD | 1,023,412 | (101,738 | ) | |||||||||||||||
| CLP | 374,400,000 | GSBU |
12/28/21 | USD | 470,399 | (12,187 | ) | |||||||||||||||
| CLP | 2,691,900,000 | JPMC |
01/13/22 | USD | 3,390,302 | (100,537 | ) | |||||||||||||||
| CLP | 751,930,914 | GSBU |
01/14/22 | USD | 930,608 | (11,755 | ) | |||||||||||||||
| CLP | 1,496,812,255 | GSBU |
02/11/22 | USD | 1,895,659 | (71,042 | ) | |||||||||||||||
BHFTI-147
Brighthouse Funds Trust I
Brighthouse/Templeton International Bond Portfolio
Schedule of Investments as of September 30, 2021 (Unaudited)
Forward Foreign Currency Exchange Contracts—(Continued)
| Contracts to Buy |
Counterparty |
Settlement Date |
In Exchange for |
Unrealized Appreciation/ (Depreciation) |
||||||||||||||||||
| CLP | 1,432,820,185 | GSBU |
05/11/22 | USD | 1,806,425 | $ | (73,616 | ) | ||||||||||||||
| CNH | 60,400,810 | HSBC |
10/15/21 | USD | 9,087,133 | 274,323 | ||||||||||||||||
| CNH | 41,966,000 | JPMC |
11/22/21 | USD | 6,432,695 | 52,187 | ||||||||||||||||
| CNH | 136,122,730 | CBNA |
12/10/21 | USD | 20,923,288 | 80,848 | ||||||||||||||||
| CNH | 52,239,590 | JPMC |
12/10/21 | USD | 8,080,120 | (19,398 | ) | |||||||||||||||
| CNH | 105,579,210 | BOA |
12/13/21 | USD | 16,222,739 | 64,527 | ||||||||||||||||
| CNH | 84,053,150 | JPMC |
12/13/21 | USD | 12,996,147 | (29,616 | ) | |||||||||||||||
| CNH | 60,796,230 | HSBC |
12/15/21 | USD | 9,395,328 | (18,049 | ) | |||||||||||||||
| CNH | 55,783,810 | CBNA |
01/12/22 | USD | 8,498,448 | 86,526 | ||||||||||||||||
| CNH | 19,700,000 | BNP |
02/07/22 | USD | 2,988,222 | 37,397 | ||||||||||||||||
| CNH | 36,460,080 | BOA |
03/09/22 | USD | 5,574,765 | 11,853 | ||||||||||||||||
| EUR | 4,950,000 | CBNA |
10/21/21 | USD | 5,834,019 | (98,377 | ) | |||||||||||||||
| INR | 87,540,800 | JPMC |
10/07/21 | USD | 1,194,998 | (15,968 | ) | |||||||||||||||
| INR | 85,052,900 | CBNA |
10/08/21 | USD | 1,161,013 | (15,596 | ) | |||||||||||||||
| INR | 113,234,200 | JPMC |
10/08/21 | USD | 1,545,648 | (20,711 | ) | |||||||||||||||
| INR | 102,523,300 | CBNA |
10/12/21 | USD | 1,398,967 | (18,786 | ) | |||||||||||||||
| INR | 102,619,900 | HSBC |
10/12/21 | USD | 1,365,934 | 15,547 | ||||||||||||||||
| INR | 63,624,900 | CBNA |
11/10/21 | USD | 835,301 | 18,394 | ||||||||||||||||
| INR | 102,907,080 | HSBC |
12/15/21 | USD | 1,394,972 | (18,743 | ) | |||||||||||||||
| INR | 321,000,000 | JPMC |
12/20/21 | USD | 4,276,351 | 14,247 | ||||||||||||||||
| INR | 87,293,700 | JPMC |
01/27/22 | USD | 1,130,894 | 30,931 | ||||||||||||||||
| INR | 620,000,000 | SCB |
03/22/22 | USD | 8,086,605 | 113,968 | ||||||||||||||||
| KRW | 19,523,500,000 | JPMC |
01/19/22 | USD | 16,997,649 | (530,691 | ) | |||||||||||||||
| KRW | 19,365,700,000 | CBNA |
01/21/22 | USD | 16,861,733 | (528,268 | ) | |||||||||||||||
| KRW | 27,000,000,000 | DBAG |
03/16/22 | USD | 22,973,249 | (215,816 | ) | |||||||||||||||
| MXN | 44,254,500 | CBNA |
10/01/21 | USD | 2,148,798 | (4,841 | ) | |||||||||||||||
| MXN | 94,700,000 | CBNA |
10/01/21 | USD | 4,725,242 | (137,397 | ) | |||||||||||||||
| NZD | 14,760,000 | JPMC |
12/20/21 | USD | 10,529,208 | (345,779 | ) | |||||||||||||||
| NZD | 4,480,000 | BOA |
12/21/21 | USD | 3,162,656 | (71,784 | ) | |||||||||||||||
| NZD | 5,280,000 | CBNA |
12/21/21 | USD | 3,741,672 | (98,859 | ) | |||||||||||||||
| NZD | 5,270,000 | JPMC |
12/21/21 | USD | 3,725,843 | (89,928 | ) | |||||||||||||||
| SGD | 2,790,000 | MSCS |
10/21/21 | USD | 2,090,130 | (35,403 | ) | |||||||||||||||
| SGD | 2,210,000 | MSCS |
01/24/22 | USD | 1,626,818 | 432 | ||||||||||||||||
| SGD | 7,200,000 | CBNA |
03/22/22 | USD | 5,328,794 | (27,840 | ) | |||||||||||||||
| Contracts to Deliver |
||||||||||||||||||||||
| AUD | 22,218,024 | CBNA |
11/15/21 | USD | 16,378,128 | 312,878 | ||||||||||||||||
| AUD | 22,223,000 | HSBC |
11/17/21 | USD | 17,190,602 | 1,121,633 | ||||||||||||||||
| AUD | 22,494,000 | JPMC |
11/18/21 | USD | 17,375,108 | 1,110,125 | ||||||||||||||||
| CLP | 751,930,914 | GSBU |
10/04/21 | USD | 938,330 | 10,936 | ||||||||||||||||
| CLP | 1,250,670,000 | JPMC |
10/04/21 | USD | 1,584,932 | 42,419 | ||||||||||||||||
| EUR | 4,839,649 | DBAG |
10/15/21 | USD | 5,923,730 | 316,592 | ||||||||||||||||
| EUR | 8,660,000 | CBNA |
10/21/21 | USD | 10,394,078 | 359,603 | ||||||||||||||||
| EUR | 8,660,000 | CBNA |
10/22/21 | USD | 10,466,822 | 432,156 | ||||||||||||||||
| EUR | 23,038,000 | CBNA |
11/10/21 | USD | 27,760,329 | 1,055,703 | ||||||||||||||||
| EUR | 8,120,622 | HSBC |
11/17/21 | USD | 9,848,528 | 434,206 | ||||||||||||||||
| EUR | 8,120,000 | CBNA |
11/18/21 | USD | 9,840,506 | 426,726 | ||||||||||||||||
| EUR | 8,349,000 | MSCS |
02/28/22 | USD | 9,851,528 | 149,150 | ||||||||||||||||
| MXN | 138,954,500 | CBNA |
10/01/21 | USD | 6,931,782 | 199,979 | ||||||||||||||||
| MXN | 138,954,500 | CBNA |
11/01/21 | USD | 6,902,171 | 198,243 | ||||||||||||||||
| MXN | 580,911,000 | CBNA |
11/16/21 | USD | 28,736,631 | 770,293 | ||||||||||||||||
| MXN | 44,254,500 | CBNA |
12/01/21 | USD | 2,129,668 | 3,738 | ||||||||||||||||
| Cross Currency Contracts to Buy |
||||||||||||||||||||||
| CAD | 9,729,000 | BOA |
11/02/21 | EUR | 6,229,271 | 461,255 | ||||||||||||||||
| CAD | 5,929,400 | HSBC |
11/02/21 | EUR | 3,798,974 | 278,211 | ||||||||||||||||
BHFTI-148
Brighthouse Funds Trust I
Brighthouse/Templeton International Bond Portfolio
Schedule of Investments as of September 30, 2021 (Unaudited)
Forward Foreign Currency Exchange Contracts—(Continued)
| Cross Currency Contracts to Buy |
Counterparty |
Settlement Date |
In Exchange for |
Unrealized Appreciation/ (Depreciation) |
||||||||||||||||||
| CAD | 6,254,227 | HSBC |
11/03/21 | EUR | 4,184,283 | $ | 87,991 | |||||||||||||||
| CAD | 2,084,736 | HSBC |
11/03/21 | EUR | 1,409,196 | 12,595 | ||||||||||||||||
| CAD | 5,434,300 | GSBU |
11/22/21 | EUR | 3,683,085 | 19,900 | ||||||||||||||||
| CAD | 21,347,000 | DBAG |
02/03/22 | EUR | 14,396,412 | 132,390 | ||||||||||||||||
| CAD | 3,260,000 | CBNA |
02/03/22 | EUR | 2,191,825 | 28,021 | ||||||||||||||||
| CAD | 2,084,736 | HSBC |
02/03/22 | EUR | 1,406,316 | 12,500 | ||||||||||||||||
| CAD | 1,289,781 | MSCS |
02/25/22 | EUR | 861,447 | 17,229 | ||||||||||||||||
| CAD | 2,084,754 | HSBC |
05/03/22 | EUR | 1,403,497 | 12,268 | ||||||||||||||||
| JPY | 1,098,296,170 | HSBC |
10/25/21 | EUR | 8,705,927 | (218,754 | ) | |||||||||||||||
| JPY | 225,656,465 | HSBC |
02/17/22 | EUR | 1,737,256 | 11,982 | ||||||||||||||||
| JPY | 1,258,419,666 | CBNA |
02/24/22 | EUR | 9,791,549 | (54,252 | ) | |||||||||||||||
| NOK | 77,945,750 | JPMC |
10/19/21 | EUR | 7,734,689 | (46,447 | ) | |||||||||||||||
| NOK | 50,224,500 | JPMC |
01/19/22 | EUR | 4,937,994 | 5,654 | ||||||||||||||||
| NOK | 107,704,000 | JPMC |
01/21/22 | EUR | 10,585,233 | 15,937 | ||||||||||||||||
| NOK | 71,630,000 | DBAG |
02/03/22 | EUR | 6,822,125 | 259,612 | ||||||||||||||||
| NOK | 38,458,900 | DBAG |
03/15/22 | EUR | 3,754,040 | 27,109 | ||||||||||||||||
| NOK | 77,945,750 | JPMC |
03/16/22 | EUR | 7,609,883 | 52,919 | ||||||||||||||||
| NOK | 111,182,775 | JPMC |
04/01/22 | EUR | 10,872,136 | 47,974 | ||||||||||||||||
| NOK | 28,842,600 | DBAG |
06/20/22 | EUR | 2,817,045 | 5,058 | ||||||||||||||||
| NOK | 78,500,000 | CBNA |
06/21/22 | EUR | 7,624,098 | 63,428 | ||||||||||||||||
| SEK | 35,194,000 | DBAG |
10/13/21 | EUR | 3,452,491 | 20,560 | ||||||||||||||||
| SEK | 26,395,500 | DBAG |
10/18/21 | EUR | 2,601,311 | 1,403 | ||||||||||||||||
| SEK | 26,395,500 | DBAG |
10/19/21 | EUR | 2,600,516 | 2,287 | ||||||||||||||||
| SEK | 70,387,997 | DBAG |
11/17/21 | EUR | 6,912,644 | 28,847 | ||||||||||||||||
| SEK | 70,388,003 | DBAG |
12/13/21 | EUR | 6,980,236 | (51,853 | ) | |||||||||||||||
| SEK | 30,712,100 | DBAG |
12/15/21 | EUR | 3,014,149 | 13,872 | ||||||||||||||||
| SEK | 37,516,293 | DBAG |
12/16/21 | EUR | 3,707,950 | (13,276 | ) | |||||||||||||||
| SEK | 14,250,000 | JPMC |
12/17/21 | EUR | 1,408,743 | (5,443 | ) | |||||||||||||||
| SEK | 21,996,293 | DBAG |
01/18/22 | EUR | 2,162,584 | 4,650 | ||||||||||||||||
| SEK | 47,800,000 | DBAG |
02/03/22 | EUR | 4,687,596 | 22,747 | ||||||||||||||||
| SEK | 197,100,000 | DBAG |
02/07/22 | EUR | 19,247,897 | 186,766 | ||||||||||||||||
| SEK | 21,996,215 | DBAG |
03/16/22 | EUR | 2,161,068 | 4,464 | ||||||||||||||||
| SEK | 30,676,200 | DBAG |
06/15/22 | EUR | 3,033,793 | (21,574 | ) | |||||||||||||||
|
|
|
|||||||||||||||||||||
| Net Unrealized Appreciation |
|
$ | 5,494,445 | |||||||||||||||||||
|
|
|
|||||||||||||||||||||
Glossary of Abbreviations
Counterparties
| (BNP)— | BNP Paribas S.A. | |||||||||||||
| (BOA)— | Bank of America N.A. | |||||||||||||
| (CBNA)— | Citibank N.A. | |||||||||||||
| (DBAG)— | Deutsche Bank AG | |||||||||||||
| (GSBU)— | Goldman Sachs Bank USA | |||||||||||||
| (HSBC)— | HSBC Bank plc | |||||||||||||
| (JPMC)— | JPMorgan Chase Bank N.A. | |||||||||||||
| (MSCS)— | Morgan Stanley Capital Services LLC | |||||||||||||
| (SCB)— | Standard Chartered Bank | |||||||||||||
Currencies
| (ARS)— | Argentine Peso | |||||||||||||
| (AUD)— | Australian Dollar | |||||||||||||
| (BRL)— | Brazilian Real | |||||||||||||
| (CAD)— | Canadian Dollar | |||||||||||||
| (CLP)— | Chilean Peso | |||||||||||||
| (CNH)— | Chinese Renminbi | |||||||||||||
| (COP)— | Colombian Peso | |||||||||||||
| (EUR)— | Euro | |||||||||||||
| (GHS)— | Ghana Cedi | |||||||||||||
| (IDR)— | Indonesian Rupiah | |||||||||||||
| (INR)— | Indian Rupee | |||||||||||||
| (JPY)— | Japanese Yen | |||||||||||||
| (KRW)— | South Korean Won | |||||||||||||
| (MXN)— | Mexican Peso | |||||||||||||
| (NOK)— | Norwegian Krone | |||||||||||||
| (NZD)— | New Zealand Dollar | |||||||||||||
| (SEK)— | Swedish Krona | |||||||||||||
| (SGD)— | Singapore Dollar | |||||||||||||
| (USD)— | United States Dollar | |||||||||||||
Index Abbreviations
| (BADLAR)— | Buenos Aires Deposits of Large Amount Rate Index | |||||||||||||
BHFTI-149
Brighthouse Funds Trust I
Brighthouse/Templeton International Bond Portfolio
Schedule of Investments as of September 30, 2021 (Unaudited)
Fair Value Hierarchy
Accounting principles generally accepted in the United States of America (“GAAP”) define fair market value as the price that the Portfolio would receive to sell an asset or pay to transfer a liability in an orderly transaction between market participants at the measurement date. It establishes a fair value hierarchy that prioritizes inputs to valuation methods and requires disclosure of the fair value hierarchy, separately for each major category of assets and liabilities, that segregates fair value measurements into three levels. Levels 1, 2 and 3 of the fair value hierarchy are defined as follows:
Level 1 - unadjusted quoted prices in active markets for identical investments
Level 2 - other significant observable inputs (including, but not limited to, quoted prices for similar assets or liabilities in markets that are either active or inactive; inputs other than quoted prices that are observable such as interest rates, yield curves, volatilities, prepayment speeds, loss severities, credit risks, default rates, or other market corroborated inputs)
Level 3 - significant unobservable inputs based on the best information available in the circumstances, to the extent observable
inputs are unavailable (including the Portfolio’s own assumptions used in determining the fair value of investments and derivative financial instruments)
The inputs or methodologies used for valuing investments are not necessarily an indication of the risk associated with investing in them. Changes to the inputs or methodologies used may result in transfers between levels. A reconciliation of Level 3 securities, if any, will be disclosed following the fair value hierarchy table. For more information about the Portfolio’s policy regarding the valuation of investments, please refer to the Notes to Schedule of Investments.
The following table summarizes the fair value hierarchy of the Portfolio’s investments as of September 30, 2021:
| Description | Level 1 | Level 2 | Level 3 | Total | ||||||||||||
| Total Foreign Government* |
$ | — | $ | 648,268,356 | $ | — | $ | 648,268,356 | ||||||||
| Total U.S. Treasury & Government Agencies* |
— | 140,918,676 | — | 140,918,676 | ||||||||||||
| Total Short-Term Investment* |
— | 137,509,871 | — | 137,509,871 | ||||||||||||
| Securities Lending Reinvestments |
| |||||||||||||||
| Repurchase Agreements |
— | 34,381,769 | — | 34,381,769 | ||||||||||||
| Time Deposits |
— | 2,400,000 | — | 2,400,000 | ||||||||||||
| Mutual Funds |
7,000,000 | — | — | 7,000,000 | ||||||||||||
| Total Securities Lending Reinvestments |
7,000,000 | 36,781,769 | — | 43,781,769 | ||||||||||||
| Total Investments |
$ | 7,000,000 | $ | 963,478,672 | $ | — | $ | 970,478,672 | ||||||||
| Collateral for Securities Loaned (Liability) |
$ | — | $ | (43,781,769 | ) | $ | — | $ | (43,781,769 | ) | ||||||
| Forward Contracts |
| |||||||||||||||
| Forward Foreign Currency Exchange Contracts (Unrealized Appreciation) |
$ | — | $ | 9,583,189 | $ | — | $ | 9,583,189 | ||||||||
| Forward Foreign Currency Exchange Contracts (Unrealized Depreciation) |
— | (4,088,744 | ) | — | (4,088,744 | ) | ||||||||||
| Total Forward Contracts |
$ | — | $ | 5,494,445 | $ | — | $ | 5,494,445 | ||||||||
| * | See Schedule of Investments for additional detailed categorizations. | |||
BHFTI-150
Brighthouse Funds Trust I
Brighthouse/Wellington Large Cap Research Portfolio
Schedule of Investments as of September 30, 2021 (Unaudited)
Common Stocks—99.0% of Net Assets
| Security Description | Shares | Value | ||||||
| Aerospace & Defense—2.2% | ||||||||
| Boeing Co. (The) (a) |
61,045 | $ | 13,426,237 | |||||
| General Dynamics Corp. |
56,032 | 10,983,953 | ||||||
| Lockheed Martin Corp. |
23,404 | 8,076,720 | ||||||
| Raytheon Technologies Corp. |
297,236 | 25,550,407 | ||||||
|
|
|
|||||||
| 58,037,317 | ||||||||
|
|
|
|||||||
| Air Freight & Logistics—0.4% | ||||||||
| FedEx Corp. |
48,738 | 10,687,756 | ||||||
|
|
|
|||||||
| Airlines—0.2% | ||||||||
| JetBlue Airways Corp. (a) |
369,754 | 5,653,539 | ||||||
|
|
|
|||||||
| Automobiles—1.3% | ||||||||
| Tesla, Inc. (a) (b) |
43,876 | 34,024,961 | ||||||
|
|
|
|||||||
| Banks—1.4% | ||||||||
| PNC Financial Services Group, Inc. (The) (b) |
184,010 | 35,999,716 | ||||||
|
|
|
|||||||
| Beverages—1.4% | ||||||||
| Constellation Brands, Inc. - Class A |
101,266 | 21,335,733 | ||||||
| Monster Beverage Corp. (a) |
189,390 | 16,823,514 | ||||||
|
|
|
|||||||
| 38,159,247 | ||||||||
|
|
|
|||||||
| Biotechnology—1.9% | ||||||||
| Alnylam Pharmaceuticals, Inc. (a) (b) |
7,643 | 1,443,075 | ||||||
| ALX Oncology Holdings, Inc. (a) (b) |
8,547 | 631,281 | ||||||
| Amicus Therapeutics, Inc. (a) (b) |
96,512 | 921,690 | ||||||
| Apellis Pharmaceuticals, Inc. (a) (b) |
5,096 | 167,964 | ||||||
| Arena Pharmaceuticals, Inc. (a) (b) |
12,744 | 758,905 | ||||||
| Ascendis Pharma A/S (ADR) (a) |
9,310 | 1,483,921 | ||||||
| BioAtla, Inc. (a) (b) |
10,313 | 303,615 | ||||||
| Biogen, Inc. (a) |
18,449 | 5,220,883 | ||||||
| Blueprint Medicines Corp. (a) (b) |
9,209 | 946,777 | ||||||
| Celldex Therapeutics, Inc. (a) (b) |
18,924 | 1,021,707 | ||||||
| Exact Sciences Corp. (a) (b) |
55,932 | 5,338,709 | ||||||
| Immunocore Holdings plc (ADR) (a) (b) |
13,049 | 483,726 | ||||||
| Kodiak Sciences, Inc. (a) (b) |
9,443 | 906,339 | ||||||
| Kymera Therapeutics, Inc. (a) (b) |
12,847 | 754,633 | ||||||
| Mirati Therapeutics, Inc. (a) (b) |
7,465 | 1,320,633 | ||||||
| Myovant Sciences, Ltd. (a) (b) |
243,510 | 5,464,364 | ||||||
| Rapt Therapeutics, Inc. (a) (b) |
20,504 | 636,649 | ||||||
| Regeneron Pharmaceuticals, Inc. (a) |
10,909 | 6,601,909 | ||||||
| REVOLUTION Medicines, Inc. (a) (b) |
18,281 | 502,910 | ||||||
| Rocket Pharmaceuticals, Inc. (a) (b) |
18,894 | 564,742 | ||||||
| Seagen, Inc. (a) (b) |
21,482 | 3,647,644 | ||||||
| Turning Point Therapeutics, Inc. (a) (b) |
12,307 | 817,554 | ||||||
| Veracyte, Inc. (a) (b) |
75,755 | 3,518,820 | ||||||
| Vertex Pharmaceuticals, Inc. (a) |
30,197 | 5,477,434 | ||||||
| Verve Therapeutics, Inc. (a) (b) |
18,109 | 851,123 | ||||||
|
|
|
|||||||
| 49,787,007 | ||||||||
|
|
|
|||||||
| Building Products—0.9% | ||||||||
| Johnson Controls International plc |
237,013 | 16,135,845 | ||||||
| Trane Technologies plc |
44,331 | 7,653,747 | ||||||
|
|
|
|||||||
| 23,789,592 | ||||||||
|
|
|
|||||||
| Capital Markets—4.6% | ||||||||
| Ares Management Corp. - Class A |
273,481 | 20,191,102 | ||||||
| Charles Schwab Corp. (The) |
667,872 | 48,647,797 | ||||||
| Hamilton Lane, Inc. - Class A (b) |
67,254 | 5,704,484 | ||||||
| Morgan Stanley |
347,007 | 33,767,251 | ||||||
| S&P Global, Inc. |
28,710 | 12,198,592 | ||||||
| StepStone Group, Inc. - Class A (b) |
52,355 | 2,232,417 | ||||||
|
|
|
|||||||
| 122,741,643 | ||||||||
|
|
|
|||||||
| Chemicals—2.5% | ||||||||
| Cabot Corp. (b) |
143,248 | 7,179,590 | ||||||
| Celanese Corp. |
71,127 | 10,714,571 | ||||||
| FMC Corp. (b) |
100,122 | 9,167,171 | ||||||
| Ingevity Corp. (a) |
53,349 | 3,807,518 | ||||||
| Linde plc |
62,934 | 18,463,577 | ||||||
| Livent Corp. (a) (b) |
122,139 | 2,822,632 | ||||||
| PPG Industries, Inc. |
88,985 | 12,725,745 | ||||||
|
|
|
|||||||
| 64,880,804 | ||||||||
|
|
|
|||||||
| Commercial Services & Supplies—0.5% | ||||||||
| Waste Management, Inc. |
83,624 | 12,490,081 | ||||||
|
|
|
|||||||
| Construction & Engineering—0.1% | ||||||||
| Dycom Industries, Inc. (a) (b) |
30,608 | 2,180,514 | ||||||
|
|
|
|||||||
| Consumer Finance—1.4% | ||||||||
| American Express Co. |
173,644 | 29,090,579 | ||||||
| OneMain Holdings, Inc. (b) |
128,000 | 7,082,240 | ||||||
|
|
|
|||||||
| 36,172,819 | ||||||||
|
|
|
|||||||
| Containers & Packaging—0.2% | ||||||||
| Ball Corp. |
53,605 | 4,822,842 | ||||||
|
|
|
|||||||
| Diversified Consumer Services—0.2% | ||||||||
| Houghton Mifflin Harcourt Co. (a) (b) |
335,687 | 4,508,276 | ||||||
|
|
|
|||||||
| Diversified Financial Services—0.7% | ||||||||
| Equitable Holdings, Inc. |
496,118 | 14,704,938 | ||||||
| Voya Financial, Inc. (b) |
45,675 | 2,803,988 | ||||||
|
|
|
|||||||
| 17,508,926 | ||||||||
|
|
|
|||||||
| Electric Utilities—2.7% | ||||||||
| Duke Energy Corp. |
228,662 | 22,315,124 | ||||||
| Edison International (b) |
245,289 | 13,606,181 | ||||||
| Exelon Corp. (b) |
376,008 | 18,176,227 | ||||||
| FirstEnergy Corp. |
484,309 | 17,251,087 | ||||||
|
|
|
|||||||
| 71,348,619 | ||||||||
|
|
|
|||||||
| Energy Equipment & Services—0.2% | ||||||||
| Schlumberger NV |
222,607 | 6,598,071 | ||||||
|
|
|
|||||||
| Entertainment—1.4% | ||||||||
| Electronic Arts, Inc. |
125,687 | 17,878,976 | ||||||
| Netflix, Inc. (a) |
18,640 | 11,376,737 | ||||||
| ROBLOX Corp. - Class A (a) (b) |
109,731 | 8,290,177 | ||||||
|
|
|
|||||||
| 37,545,890 | ||||||||
|
|
|
|||||||
BHFTI-151
Brighthouse Funds Trust I
Brighthouse/Wellington Large Cap Research Portfolio
Schedule of Investments as of September 30, 2021 (Unaudited)
Common Stocks—(Continued)
| Security Description | Shares | Value | ||||||
| Equity Real Estate Investment Trusts—1.8% | ||||||||
| American Tower Corp. |
44,582 | $ | 11,832,509 | |||||
| Rexford Industrial Realty, Inc. |
189,867 | 10,774,952 | ||||||
| Ryman Hospitality Properties, Inc. (a) (b) |
148,787 | 12,453,472 | ||||||
| Welltower, Inc. (b) |
160,048 | 13,187,955 | ||||||
|
|
|
|||||||
| 48,248,888 | ||||||||
|
|
|
|||||||
| Food & Staples Retailing—2.1% | ||||||||
| Performance Food Group Co. (a) |
743,019 | 34,520,663 | ||||||
| Sysco Corp. (b) |
250,940 | 19,698,790 | ||||||
|
|
|
|||||||
| 54,219,453 | ||||||||
|
|
|
|||||||
| Food Products—1.4% | ||||||||
| Mondelez International, Inc. - Class A |
549,549 | 31,972,761 | ||||||
| UTZ Brands, Inc. (b) |
274,855 | 4,708,266 | ||||||
|
|
|
|||||||
| 36,681,027 | ||||||||
|
|
|
|||||||
| Health Care Equipment & Supplies—4.9% | ||||||||
| Align Technology, Inc. (a) |
13,389 | 8,909,442 | ||||||
| Baxter International, Inc. |
137,023 | 11,020,760 | ||||||
| Becton Dickinson & Co. |
53,111 | 13,055,746 | ||||||
| Boston Scientific Corp. (a) |
413,896 | 17,958,948 | ||||||
| Danaher Corp. |
79,985 | 24,350,633 | ||||||
| Edwards Lifesciences Corp. (a) |
136,142 | 15,412,636 | ||||||
| Inari Medical, Inc. (a) (b) |
39,519 | 3,204,991 | ||||||
| Insulet Corp. (a) |
22,262 | 6,327,528 | ||||||
| Stryker Corp. (b) |
66,700 | 17,590,124 | ||||||
| Teleflex, Inc. (b) |
33,193 | 12,498,824 | ||||||
|
|
|
|||||||
| 130,329,632 | ||||||||
|
|
|
|||||||
| Health Care Providers & Services—3.0% | ||||||||
| Agilon Health, Inc. (a) |
241,100 | 6,319,231 | ||||||
| Anthem, Inc. |
40,964 | 15,271,379 | ||||||
| Centene Corp. (a) (b) |
193,051 | 12,029,008 | ||||||
| HCA Healthcare, Inc. |
26,937 | 6,538,149 | ||||||
| Humana, Inc. |
32,604 | 12,687,847 | ||||||
| Laboratory Corp. of America Holdings (a) (b) |
20,282 | 5,708,166 | ||||||
| McKesson Corp. |
21,471 | 4,280,888 | ||||||
| UnitedHealth Group, Inc. |
42,991 | 16,798,303 | ||||||
|
|
|
|||||||
| 79,632,971 | ||||||||
|
|
|
|||||||
| Hotels, Restaurants & Leisure—2.7% | ||||||||
| Airbnb, Inc. - Class A (a) |
117,525 | 19,714,819 | ||||||
| Chipotle Mexican Grill, Inc. (a) |
5,582 | 10,145,397 | ||||||
| Hyatt Hotels Corp. - Class A (a) (b) |
117,109 | 9,029,104 | ||||||
| Penn National Gaming, Inc. (a) (b) |
35,926 | 2,603,198 | ||||||
| Starbucks Corp. |
275,230 | 30,360,621 | ||||||
|
|
|
|||||||
| 71,853,139 | ||||||||
|
|
|
|||||||
| Household Durables—0.2% | ||||||||
| DR Horton, Inc. |
56,635 | 4,755,641 | ||||||
|
|
|
|||||||
| Industrial Conglomerates—0.1% | ||||||||
| General Electric Co. |
25,183 | 2,594,605 | ||||||
|
|
|
|||||||
| Insurance—2.9% | ||||||||
| American Financial Group, Inc. |
51,361 | 6,462,755 | ||||||
| American International Group, Inc. |
257,258 | 14,120,892 | ||||||
| Assurant, Inc. |
28,827 | 4,547,459 | ||||||
| Assured Guaranty, Ltd. |
127,574 | 5,971,739 | ||||||
| Chubb, Ltd. |
91,175 | 15,817,039 | ||||||
| Hartford Financial Services Group, Inc. (The) |
119,310 | 8,381,527 | ||||||
| Marsh & McLennan Cos., Inc. |
80,062 | 12,123,789 | ||||||
| Oscar Health, Inc. - Class A (a) (b) |
195,960 | 3,407,744 | ||||||
| Trupanion, Inc. (a) (b) |
87,233 | 6,775,387 | ||||||
|
|
|
|||||||
| 77,608,331 | ||||||||
|
|
|
|||||||
| Interactive Media & Services—8.6% | ||||||||
| Alphabet, Inc. - Class A (a) |
48,839 | 130,572,043 | ||||||
| Cargurus, Inc. (a) (b) |
114,603 | 3,599,680 | ||||||
| Facebook, Inc. - Class A (a) |
196,357 | 66,641,602 | ||||||
| Match Group, Inc. (a) (b) |
86,298 | 13,547,923 | ||||||
| Snap, Inc. - Class A (a) (b) |
165,389 | 12,217,286 | ||||||
|
|
|
|||||||
| 226,578,534 | ||||||||
|
|
|
|||||||
| Internet & Direct Marketing Retail—3.9% | ||||||||
| Amazon.com, Inc. (a) |
31,625 | 103,889,390 | ||||||
|
|
|
|||||||
| IT Services—4.0% | ||||||||
| FleetCor Technologies, Inc. (a) |
26,302 | 6,871,924 | ||||||
| Genpact, Ltd. |
179,606 | 8,533,081 | ||||||
| Global Payments, Inc. |
175,752 | 27,695,000 | ||||||
| GoDaddy, Inc. - Class A (a) (b) |
150,578 | 10,495,287 | ||||||
| PayPal Holdings, Inc. (a) |
83,543 | 21,738,724 | ||||||
| Shopify, Inc. - Class A (a) |
5,498 | 7,454,078 | ||||||
| Snowflake, Inc. - Class A (a) (b) |
4,608 | 1,393,597 | ||||||
| Visa, Inc. - Class A (b) |
81,662 | 18,190,210 | ||||||
| WEX, Inc. (a) (b) |
11,511 | 2,027,548 | ||||||
|
|
|
|||||||
| 104,399,449 | ||||||||
|
|
|
|||||||
| Life Sciences Tools & Services—0.9% | ||||||||
| Agilent Technologies, Inc. |
74,214 | 11,690,931 | ||||||
| ICON plc (a) |
12,799 | 3,353,594 | ||||||
| NanoString Technologies, Inc. (a) (b) |
55,970 | 2,687,120 | ||||||
| Syneos Health, Inc. (a) (b) |
71,274 | 6,235,050 | ||||||
|
|
|
|||||||
| 23,966,695 | ||||||||
|
|
|
|||||||
| Machinery—2.1% | ||||||||
| Fortive Corp. |
227,637 | 16,064,343 | ||||||
| Ingersoll Rand, Inc. (a) (b) |
359,465 | 18,120,631 | ||||||
| Kennametal, Inc. (b) |
70,643 | 2,418,110 | ||||||
| Parker-Hannifin Corp. |
7,366 | 2,059,681 | ||||||
| Rexnord Corp. (b) |
40,053 | 2,575,007 | ||||||
| Westinghouse Air Brake Technologies Corp. (b) |
175,248 | 15,108,130 | ||||||
|
|
|
|||||||
| 56,345,902 | ||||||||
|
|
|
|||||||
| Media—3.4% | ||||||||
| Charter Communications, Inc. - Class A (a) |
52,965 | 38,535,215 | ||||||
| DISH Network Corp. (a) |
235,675 | 10,242,436 | ||||||
| New York Times Co. (The) - Class A |
134,640 | 6,633,713 | ||||||
| Omnicom Group, Inc. (b) |
456,737 | 33,095,163 | ||||||
|
|
|
|||||||
| 88,506,527 | ||||||||
|
|
|
|||||||
BHFTI-152
Brighthouse Funds Trust I
Brighthouse/Wellington Large Cap Research Portfolio
Schedule of Investments as of September 30, 2021 (Unaudited)
Common Stocks—(Continued)
| Security Description | Shares |
Value | ||||||
| Oil, Gas & Consumable Fuels—3.3% | ||||||||
| ConocoPhillips |
251,883 | $ | 17,070,111 | |||||
| Marathon Petroleum Corp. |
123,887 | 7,657,455 | ||||||
| Pioneer Natural Resources Co. (b) |
37,726 | 6,281,756 | ||||||
| Royal Dutch Shell plc - Class A (ADR) (b) |
466,130 | 20,775,414 | ||||||
| Royal Dutch Shell plc - Class B (ADR) |
778,317 | 34,456,094 | ||||||
|
|
|
|||||||
| 86,240,830 | ||||||||
|
|
|
|||||||
| Personal Products—0.5% | ||||||||
| Estee Lauder Cos., Inc. (The) - Class A |
44,554 | 13,363,081 | ||||||
|
|
|
|||||||
| Pharmaceuticals—4.7% | ||||||||
| Aclaris Therapeutics, Inc. (a) |
41,730 | 751,140 | ||||||
| AstraZeneca plc (ADR) |
312,716 | 18,781,723 | ||||||
| Bristol-Myers Squibb Co. |
355,602 | 21,040,970 | ||||||
| Elanco Animal Health, Inc. (a) (b) |
198,611 | 6,333,705 | ||||||
| Eli Lilly and Co. |
127,696 | 29,504,161 | ||||||
| Novartis AG (ADR) |
89,140 | 7,289,869 | ||||||
| Pfizer, Inc. |
793,353 | 34,122,113 | ||||||
| Zoetis, Inc. |
32,359 | 6,282,176 | ||||||
|
|
|
|||||||
| 124,105,857 | ||||||||
|
|
|
|||||||
| Professional Services—1.6% | ||||||||
| Equifax, Inc. |
8,825 | 2,236,432 | ||||||
| IHS Markit, Ltd. |
227,405 | 26,519,971 | ||||||
| TransUnion |
11,872 | 1,333,344 | ||||||
| TriNet Group, Inc. (a) |
117,068 | 11,072,291 | ||||||
|
|
|
|||||||
| 41,162,038 | ||||||||
|
|
|
|||||||
| Road & Rail—0.7% | ||||||||
| J.B. Hunt Transport Services, Inc. (b) |
30,156 | 5,042,686 | ||||||
| Knight-Swift Transportation Holdings, Inc. (b) |
112,155 | 5,736,728 | ||||||
| Uber Technologies, Inc. (a) |
148,347 | 6,645,946 | ||||||
|
|
|
|||||||
| 17,425,360 | ||||||||
|
|
|
|||||||
| Semiconductors & Semiconductor Equipment—5.0% | ||||||||
| Advanced Micro Devices, Inc. (a) (b) |
273,570 | 28,150,353 | ||||||
| KLA Corp. |
33,983 | 11,367,653 | ||||||
| Lattice Semiconductor Corp. (a) (b) |
117,686 | 7,608,400 | ||||||
| Marvell Technology, Inc. |
328,103 | 19,787,892 | ||||||
| Micron Technology, Inc. |
241,302 | 17,127,616 | ||||||
| NVIDIA Corp. |
34,756 | 7,200,053 | ||||||
| Skyworks Solutions, Inc. (b) |
44,370 | 7,311,288 | ||||||
| Teradyne, Inc. (b) |
72,345 | 7,897,904 | ||||||
| Texas Instruments, Inc. |
129,448 | 24,881,200 | ||||||
|
|
|
|||||||
| 131,332,359 | ||||||||
|
|
|
|||||||
| Software—9.8% | ||||||||
| Adobe, Inc. (a) |
23,905 | 13,762,587 | ||||||
| Autodesk, Inc. (a) |
6,628 | 1,890,107 | ||||||
| Avalara, Inc. (a) (b) |
16,137 | 2,820,264 | ||||||
| Ceridian HCM Holding, Inc. (a) |
36,371 | 4,096,102 | ||||||
| Guidewire Software, Inc. (a) (b) |
43,491 | 5,169,775 | ||||||
| Microsoft Corp. |
585,599 | 165,092,070 | ||||||
| Software—(Continued) | ||||||||
| Q2 Holdings, Inc. (a) (b) |
58,846 | 4,715,918 | ||||||
| Rapid7, Inc. (a) (b) |
20,973 | 2,370,368 | ||||||
| Salesforce.com, Inc. (a) |
109,271 | 29,636,481 | ||||||
| SentinelOne, Inc. - Class A (a) |
36,642 | 1,962,912 | ||||||
| ServiceNow, Inc. (a) |
18,834 | 11,719,833 | ||||||
| UiPath, Inc. - Class A (a) (b) |
39,856 | 2,096,824 | ||||||
| Varonis Systems, Inc. (a) (b) |
58,138 | 3,537,697 | ||||||
| Workday, Inc. - Class A (a) |
39,150 | 9,783,194 | ||||||
|
|
|
|||||||
| 258,654,132 | ||||||||
|
|
|
|||||||
| Specialty Retail—2.2% | ||||||||
| Five Below, Inc. (a) |
27,864 | 4,926,634 | ||||||
| Ross Stores, Inc. (b) |
115,641 | 12,587,523 | ||||||
| TJX Cos., Inc. (The) |
294,895 | 19,457,172 | ||||||
| Ulta Beauty, Inc. (a) (b) |
49,227 | 17,767,009 | ||||||
| Victoria’s Secret & Co. (a) (b) |
72,029 | 3,980,322 | ||||||
|
|
|
|||||||
| 58,718,660 | ||||||||
|
|
|
|||||||
| Technology Hardware, Storage & Peripherals—3.5% | ||||||||
| Apple, Inc. |
649,258 | 91,870,007 | ||||||
|
|
|
|||||||
| Textiles, Apparel & Luxury Goods—0.4% | ||||||||
| PVH Corp. (a) |
51,519 | 5,295,638 | ||||||
| Tapestry, Inc. |
163,728 | 6,061,211 | ||||||
|
|
|
|||||||
| 11,356,849 | ||||||||
|
|
|
|||||||
| Tobacco—0.6% | ||||||||
| Philip Morris International, Inc. |
175,279 | 16,614,696 | ||||||
|
|
|
|||||||
| Wireless Telecommunication Services—0.5% | ||||||||
| T-Mobile U.S., Inc. (a) |
110,398 | 14,104,448 | ||||||
|
|
|
|||||||
| Total Common Stocks |
2,611,496,121 | |||||||
|
|
|
|||||||
| Short-Term Investment—0.9% |
| |||||||
| Repurchase Agreement—0.9% | ||||||||
| Fixed Income Clearing Corp. |
23,346,245 | 23,346,245 | ||||||
|
|
|
|||||||
| Total Short-Term Investments |
23,346,245 | |||||||
|
|
|
|||||||
| Securities Lending Reinvestments (c)—8.7% |
| |||||||
| Certificates of Deposit—3.6% | ||||||||
| Agricultural Bank of China |
||||||||
| 0.190%, 11/17/21 |
3,000,000 | 3,000,120 | ||||||
| 0.200%, 11/22/21 |
3,000,000 | 3,000,174 | ||||||
BHFTI-153
Brighthouse Funds Trust I
Brighthouse/Wellington Large Cap Research Portfolio
Schedule of Investments as of September 30, 2021 (Unaudited)
Securities Lending Reinvestments (c)—(Continued)
| Security Description | Principal Amount* |
Value | ||||||
| Certificates of Deposit—(Continued) | ||||||||
| Bank of Montreal (Chicago) |
6,000,000 | $ | 5,999,892 | |||||
| Barclays Bank plc |
10,000,000 | 10,005,770 | ||||||
| Cooperatieve Rabobank UA |
||||||||
| 0.159%, 3M LIBOR + 0.040%, 01/11/22 (d) |
5,000,000 | 5,000,700 | ||||||
| 0.170%, 03/18/22 |
7,000,000 | 7,000,000 | ||||||
| Credit Industriel et Commercial |
4,000,000 | 3,999,840 | ||||||
| Goldman Sachs Bank USA |
7,000,000 | 7,000,490 | ||||||
| Mitsubishi UFJ Trust and Banking Corp. (London) |
1,000,000 | 999,840 | ||||||
| Mizuho Bank, Ltd. |
5,000,000 | 4,999,755 | ||||||
| MUFG Bank Ltd. |
5,000,000 | 5,000,140 | ||||||
| National Australia Bank, Ltd. |
3,000,000 | 2,999,850 | ||||||
| Natixis S.A. (New York) |
5,000,000 | 5,000,765 | ||||||
| Oversea-Chinese Banking Corp., Ltd. |
5,000,000 | 5,000,270 | ||||||
| Societe Generale |
2,000,000 | 1,999,908 | ||||||
| Standard Chartered Bank (NY) |
||||||||
| 0.150%, 02/02/22 |
5,000,000 | 5,000,000 | ||||||
| 0.170%, 03/28/22 |
5,000,000 | 5,000,000 | ||||||
| Sumitomo Mitsui Trust Bank (London) |
2,000,000 | 1,999,900 | ||||||
| Sumitomo Mitsui Trust Bank, Ltd. |
||||||||
| Zero Coupon, 02/10/22 |
6,000,000 | 5,996,640 | ||||||
| Zero Coupon, 03/21/22 |
2,000,000 | 1,998,360 | ||||||
| 0.060%, 10/05/21 |
3,000,000 | 2,999,982 | ||||||
|
|
|
|||||||
| 94,002,396 | ||||||||
|
|
|
|||||||
| Commercial Paper—0.2% | ||||||||
| UBS AG |
6,000,000 | 5,994,435 | ||||||
|
|
|
|||||||
| Master Demand Notes—0.2% | ||||||||
| Natixis Financial Products LLC |
5,000,000 | 5,000,000 | ||||||
|
|
|
|||||||
| Repurchase Agreements—3.0% | ||||||||
| Barclays Bank plc |
2,000,000 | 2,000,000 | ||||||
| Barclays Capital, Inc. |
2,332,354 | 2,332,354 | ||||||
| Repurchase Agreements—(Continued) | ||||||||
| BofA Securities, Inc. |
4,000,000 | 4,000,000 | ||||||
| CF Secured LLC |
5,000,000 | 5,000,000 | ||||||
| Citigroup Global Markets, Inc. |
||||||||
| Repurchase Agreement dated 09/30/21 at 0.420%, due on 11/04/21 with a maturity value of $2,000,817; collateralized by various Common Stock with an aggregate market value of $2,200,000. |
2,000,000 | 2,000,000 | ||||||
| Repurchase Agreement dated 09/30/21 at 0.420%, due on 11/04/21 with a maturity value of $5,002,042; collateralized by U.S. Treasury Obligations with rates ranging from 1.000% - 4.500%, maturity dates ranging from 05/15/27 - 05/15/40, and various Common Stock with an aggregate market value of $5,433,364. |
5,000,000 | 5,000,000 | ||||||
| Deutsche Bank AG, London |
1,500,000 | 1,500,000 | ||||||
| Morgan Stanley |
6,000,000 | 6,000,000 | ||||||
| National Bank of Canada |
30,000,000 | 30,000,000 | ||||||
| NBC Global Finance, Ltd. |
||||||||
| Repurchase Agreement dated 09/30/21 at 0.235%, due on 10/07/21 with a maturity value of $32,283; collateralized by U.S. Treasury
Obligations with rates ranging from |
32,282 | 32,282 | ||||||
| Repurchase Agreement dated 09/30/21 at 0.250%, due on 10/07/21 with a maturity value of $2,000,097; collateralized by U.S. Treasury Obligations with rates ranging from 0.095% - 2.000%, maturity dates ranging from 07/31/22 - 02/15/50, and various Common Stock with an aggregate market value of $2,221,236. |
2,000,000 | 2,000,000 | ||||||
BHFTI-154
Brighthouse Funds Trust I
Brighthouse/Wellington Large Cap Research Portfolio
Schedule of Investments as of September 30, 2021 (Unaudited)
Securities Lending Reinvestments (c)—(Continued)
| Security Description | Shares/ Principal |
Value | ||||||
| Repurchase Agreements—(Continued) | ||||||||
| Royal Bank of Canada Toronto |
3,000,000 | $ | 3,000,000 | |||||
| Societe Generale |
||||||||
| Repurchase Agreement dated 09/30/21 at 0.050%, due on 10/01/21 with a maturity value of $10,000,014; collateralized by U.S. Treasury Obligations with rates ranging from 0.000% - 6.750%, maturity dates ranging from 10/21/21 - 02/15/49, and an aggregate market value of $10,200,510. |
10,000,000 | 10,000,000 | ||||||
| Repurchase Agreement dated 09/30/21 at 0.170%, due on 10/01/21 with a maturity value of $5,000,024; collateralized by various Common Stock with an aggregate market value of $5,555,666. |
5,000,000 | 5,000,000 | ||||||
| Repurchase Agreement dated 09/30/21 at 0.200%, due on 10/07/21 with a maturity value of $1,463,472; collateralized by various Common Stock with an aggregate market value of $1,626,048. |
1,463,415 | 1,463,415 | ||||||
|
|
|
|||||||
| 79,328,051 | ||||||||
| Time Deposits—0.4% | ||||||||
| First Abu Dhabi Bank USA NV |
2,000,000 | 2,000,000 | ||||||
| Landesbank Baden-Wuettertemberg (London) |
2,300,000 | 2,300,000 | ||||||
| National Bank of Canada |
||||||||
| 0.120%, OBFR + 0.050%, 10/07/21 (d) |
5,000,000 | 5,000,000 | ||||||
| Skandi New York |
2,000,000 | 2,000,000 | ||||||
|
|
|
|||||||
| 11,300,000 | ||||||||
|
|
|
|||||||
| Mutual Funds—1.3% | ||||||||
| BlackRock Liquidity Funds FedFund, Institutional Shares |
5,000,000 | 5,000,000 | ||||||
| Goldman Sachs Financial Square Government Fund, Institutional Shares 0.030% (e) |
20,000,000 | 20,000,000 | ||||||
| STIT-Government & Agency Portfolio, Institutional Class |
10,000,000 | 10,000,000 | ||||||
|
|
|
|||||||
| 35,000,000 | ||||||||
|
|
|
|||||||
| Total Securities Lending Reinvestments |
230,624,882 | |||||||
|
|
|
|||||||
| Total Investments—108.6% |
2,865,467,248 | |||||||
| Other assets and liabilities (net)—(8.6)% |
(227,866,182 | ) | ||||||
|
|
|
|||||||
| Net Assets—100.0% | $ | 2,637,601,066 | ||||||
|
|
|
|||||||
| * | Principal amount stated in U.S. dollars unless otherwise noted. | |||
| (a) | Non-income producing security. | |||
| (b) | All or a portion of the security was held on loan. As of September 30, 2021, the market value of securities loaned was $224,197,908 and the collateral received consisted of cash in the amount of $230,607,171 and non-cash collateral with a value of $1,248,748. The cash collateral investments are disclosed in the Schedule of Investments and categorized as Securities Lending Reinvestments. The non-cash collateral received consists of U.S. government securities that are held in safe-keeping by the lending agent, or a third-party custodian, and cannot be sold or repledged by the Portfolio. | |||
| (c) | Represents investment of cash collateral received from securities on loan as of September 30, 2021. | |||
| (d) | Variable or floating rate security. The stated rate represents the rate at September 30, 2021. Maturity date shown for callable securities reflects the earliest possible call date. For securities based on a published reference index and spread, the index and spread are indicated in the description above. For certain variable rate securities, the coupon rate is determined by the issuer/agent based on current market conditions. For certain asset- and mortgage-backed securities, the coupon rate may fluctuate based on changes of the underlying collateral or prepayments of principal. These securities do not indicate a reference index and spread in their description above. | |||
| (e) | The rate shown represents the annualized seven-day yield as of September 30, 2021. | |||
Glossary of Abbreviations
Index Abbreviations
| (BSBY)— | Bloomberg Short-Term Bank Yield Index | |||
| (LIBOR)— | London Interbank Offered Rate | |||
| (OBFR)— | U.S. Overnight Bank Funding Rate | |||
Other Abbreviations
| (ADR)— | American Depositary Receipt | |||
BHFTI-155
Brighthouse Funds Trust I
Brighthouse/Wellington Large Cap Research Portfolio
Schedule of Investments as of September 30, 2021 (Unaudited)
Fair Value Hierarchy
Accounting principles generally accepted in the United States of America (“GAAP”) define fair market value as the price that the Portfolio would receive to sell an asset or pay to transfer a liability in an orderly transaction between market participants at the measurement date. It establishes a fair value hierarchy that prioritizes inputs to valuation methods and requires disclosure of the fair value hierarchy, separately for each major category of assets and liabilities, that segregates fair value measurements into three levels. Levels 1, 2 and 3 of the fair value hierarchy are defined as follows:
Level 1 - unadjusted quoted prices in active markets for identical investments
Level 2 - other significant observable inputs (including, but not limited to, quoted prices for similar assets or liabilities in markets that are either active or inactive; inputs other than quoted prices that are observable such as interest rates, yield curves, volatilities, prepayment speeds, loss severities, credit risks, default rates, or other market corroborated inputs)
Level 3 - significant unobservable inputs based on the best information available in the circumstances, to the extent observable inputs are unavailable (including the Portfolio’s own assumptions used in determining the fair value of investments and derivative financial instruments)
The inputs or methodologies used for valuing investments are not necessarily an indication of the risk associated with investing in them. Changes to the inputs or methodologies used may result in transfers between levels. A reconciliation of Level 3 securities, if any, will be disclosed following the fair value hierarchy table. For more information about the Portfolio’s policy regarding the valuation of investments, please refer to the Notes to Schedule of Investments.
The following table summarizes the fair value hierarchy of the Portfolio’s investments as of September 30, 2021:
| Description | Level 1 | Level 2 | Level 3 | Total | ||||||||||||
| Total Common Stocks* |
$ | 2,611,496,121 | $ | — | $ | — | $ | 2,611,496,121 | ||||||||
| Total Short-Term Investment* |
— | 23,346,245 | — | 23,346,245 | ||||||||||||
| Securities Lending Reinvestments | ||||||||||||||||
| Certificates of Deposit |
— | 94,002,396 | — | 94,002,396 | ||||||||||||
| Commercial Paper |
— | 5,994,435 | — | 5,994,435 | ||||||||||||
| Master Demand Notes |
— | 5,000,000 | — | 5,000,000 | ||||||||||||
| Repurchase Agreements |
— | 79,328,051 | — | 79,328,051 | ||||||||||||
| Time Deposits |
— | 11,300,000 | — | 11,300,000 | ||||||||||||
| Mutual Funds |
35,000,000 | — | — | 35,000,000 | ||||||||||||
| Total Securities Lending Reinvestments |
35,000,000 | 195,624,882 | — | 230,624,882 | ||||||||||||
| Total Investments |
$ | 2,646,496,121 | $ | 218,971,127 | $ | — | $ | 2,865,467,248 | ||||||||
| Collateral for Securities Loaned (Liability) |
$ | — | $ | (230,607,171 | ) | $ | — | $ | (230,607,171 | ) | ||||||
| * | See Schedule of Investments for additional detailed categorizations. | |||
BHFTI-156
Brighthouse Funds Trust I
Clarion Global Real Estate Portfolio
Schedule of Investments as of September 30, 2021 (Unaudited)
Common Stocks—98.7% of Net Assets
| Security Description | Shares | Value | ||||||
| Australia—4.1% | ||||||||
| Charter Hall Group (REIT) |
509,235 | $ | 6,229,733 | |||||
| Dexus (REIT) |
1,047,647 | 8,106,079 | ||||||
| Lend Lease Group |
814,724 | 6,324,057 | ||||||
| Lifestyle Communities, Ltd. |
499,180 | 7,881,463 | ||||||
| Mirvac Group (REIT) |
6,284,465 | 13,482,248 | ||||||
| Vicinity Centres (REIT) |
8,049,597 | 9,590,891 | ||||||
|
|
|
|||||||
| 51,614,471 | ||||||||
|
|
|
|||||||
| Belgium—1.3% | ||||||||
| Montea CVA (REIT) |
37,088 | 4,910,307 | ||||||
| Shurgard Self Storage S.A. |
130,042 | 7,140,101 | ||||||
| Warehouses De Pauw CVA (REIT) |
125,399 | 5,068,939 | ||||||
|
|
|
|||||||
| 17,119,347 | ||||||||
|
|
|
|||||||
| Canada—2.0% | ||||||||
| Boardwalk Real Estate Investment Trust (REIT) (a) |
154,136 | 5,754,849 | ||||||
| Canadian Apartment Properties (REIT) (a) |
132,226 | 6,170,755 | ||||||
| H&R Real Estate Investment Trust (REIT) (a) |
768,635 | 9,485,051 | ||||||
| Summit Industrial Income REIT |
207,684 | 3,417,128 | ||||||
|
|
|
|||||||
| 24,827,783 | ||||||||
|
|
|
|||||||
| France—0.7% | ||||||||
| Unibail-Rodamco-Westfield (REIT) (b) |
127,002 | 9,288,847 | ||||||
|
|
|
|||||||
| Germany—5.3% | ||||||||
| ADO Properties S.A. |
224,101 | 3,792,264 | ||||||
| Aroundtown S.A. |
1,760,286 | 12,161,111 | ||||||
| Deutsche Euroshop AG |
261,965 | 5,350,404 | ||||||
| Grand City Properties S.A. |
262,754 | 6,554,370 | ||||||
| LEG Immobilien AG |
86,195 | 12,195,028 | ||||||
| Vonovia SE |
457,122 | 27,479,034 | ||||||
|
|
|
|||||||
| 67,532,211 | ||||||||
|
|
|
|||||||
| Hong Kong—5.4% | ||||||||
| Hang Lung Properties, Ltd. |
4,277,300 | 9,723,088 | ||||||
| Link REIT (The) (REIT) |
2,364,064 | 20,203,748 | ||||||
| New World Development Co., Ltd. |
1,770,498 | 7,184,187 | ||||||
| Sun Hung Kai Properties, Ltd. |
949,838 | 11,803,979 | ||||||
| Swire Properties, Ltd. |
3,835,148 | 9,595,914 | ||||||
| Wharf Real Estate Investment Co., Ltd. (a) |
1,986,326 | 10,261,974 | ||||||
|
|
|
|||||||
| 68,772,890 | ||||||||
|
|
|
|||||||
| Ireland—0.2% | ||||||||
| Hibernia REIT plc (REIT) |
2,095,651 | 2,824,201 | ||||||
|
|
|
|||||||
| Japan—10.1% | ||||||||
| Activia Properties, Inc. (REIT) |
2,516 | 10,335,787 | ||||||
| AEON REIT Investment Corp. (REIT) |
3,655 | 4,910,704 | ||||||
| Kenedix Office Investment Corp. (REIT) |
1,702 | 11,706,387 | ||||||
| LaSalle Logiport (REIT) |
11,394 | 19,185,413 | ||||||
| Mitsui Fudosan Co., Ltd. |
1,306,668 | 31,124,706 | ||||||
| Nomura Real Estate Holdings, Inc. |
545,200 | 14,208,061 | ||||||
| Orix JREIT, Inc. (REIT) |
5,731 | 9,983,040 | ||||||
| Sankei Real Estate, Inc. (REIT) (a) |
6,581 | 7,180,216 | ||||||
| Japan—(Continued) | ||||||||
| SOSiLA Logistics REIT, Inc. (REIT) |
2,235 | 3,307,294 | ||||||
| Tokyu Fudosan Holdings Corp. |
2,728,774 | 16,804,339 | ||||||
|
|
|
|||||||
| 128,745,947 | ||||||||
|
|
|
|||||||
| Singapore—3.3% | ||||||||
| Ascendas Real Estate Investment Trust (REIT) |
6,644,345 | 14,623,930 | ||||||
| Capitaland Investment, Ltd. (b) |
3,795,229 | 9,503,446 | ||||||
| CapitaLand Mall Trust (REIT) |
7,536,175 | 11,202,409 | ||||||
| City Developments, Ltd. |
1,397,994 | 7,055,252 | ||||||
|
|
|
|||||||
| 42,385,037 | ||||||||
|
|
|
|||||||
| Sweden—3.2% | ||||||||
| Castellum AB (a) |
239,166 | 5,822,556 | ||||||
| Catena AB |
166,246 | 8,933,675 | ||||||
| Kungsleden AB |
432,579 | 5,679,967 | ||||||
| Nyfosa AB |
440,141 | 6,197,790 | ||||||
| Pandox AB (b) |
233,223 | 3,691,792 | ||||||
| Samhallsbyggnadsbolaget i Norden AB (a) |
1,813,851 | 10,002,442 | ||||||
|
|
|
|||||||
| 40,328,222 | ||||||||
|
|
|
|||||||
| United Kingdom—4.3% | ||||||||
| Big Yellow Group plc (REIT) |
383,685 | 7,180,309 | ||||||
| Land Securities Group plc (REIT) |
895,903 | 8,338,773 | ||||||
| Safestore Holdings plc (REIT) |
556,614 | 7,829,254 | ||||||
| Segro plc (REIT) |
943,801 | 15,144,605 | ||||||
| Tritax Big Box REIT plc (REIT) |
5,470,340 | 15,657,222 | ||||||
|
|
|
|||||||
| 54,150,163 | ||||||||
|
|
|
|||||||
| United States—58.8% | ||||||||
| Acadia Realty Trust (REIT) |
214,753 | 4,383,109 | ||||||
| Alexandria Real Estate Equities, Inc. (REIT) |
124,332 | 23,756,115 | ||||||
| American Tower Corp. (REIT) |
94,693 | 25,132,469 | ||||||
| Apartment Income REIT Corp. (REIT) |
169,648 | 8,280,519 | ||||||
| Brandywine Realty Trust (REIT) (a) |
313,943 | 4,213,115 | ||||||
| Camden Property Trust (REIT) |
263,319 | 38,831,653 | ||||||
| Crown Castle International Corp. (REIT) |
61,563 | 10,670,099 | ||||||
| CubeSmart (REIT) |
524,279 | 25,401,318 | ||||||
| CyrusOne, Inc. (REIT) |
82,683 | 6,400,491 | ||||||
| Duke Realty Corp. (REIT) |
890,609 | 42,633,453 | ||||||
| Equinix, Inc. (REIT) |
24,926 | 19,694,780 | ||||||
| Extra Space Storage, Inc. (REIT) |
319,018 | 53,591,834 | ||||||
| Healthcare Trust of America, Inc. (REIT) - Class A (a) |
620,037 | 18,390,297 | ||||||
| Host Hotels & Resorts, Inc. (REIT) (a) (b) |
1,265,749 | 20,669,681 | ||||||
| Hudson Pacific Properties, Inc. (REIT) (a) |
257,207 | 6,756,828 | ||||||
| Invitation Homes, Inc. (REIT) |
1,256,934 | 48,178,280 | ||||||
| Life Storage, Inc. (REIT) |
86,961 | 9,977,905 | ||||||
| Mid-America Apartment Communities, Inc. (REIT) |
144,341 | 26,955,682 | ||||||
| National Retail Properties, Inc. (REIT) (a) |
372,101 | 16,071,042 | ||||||
| Pebblebrook Hotel Trust (REIT) (a) |
439,231 | 9,843,167 | ||||||
| Piedmont Office Realty Trust, Inc. (REIT) - Class A |
314,526 | 5,482,188 | ||||||
| ProLogis, Inc. (REIT) |
789,893 | 99,076,279 | ||||||
| Regency Centers Corp. (REIT) |
280,501 | 18,886,132 | ||||||
| Simon Property Group, Inc. (REIT) |
594,396 | 77,253,648 | ||||||
| SITE Centers Corp. (REIT) (a) |
592,116 | 9,142,271 | ||||||
| Spirit Realty Capital, Inc. (REIT) |
320,566 | 14,758,859 | ||||||
BHFTI-157
Brighthouse Funds Trust I
Clarion Global Real Estate Portfolio
Schedule of Investments as of September 30, 2021 (Unaudited)
Common Stocks—(Continued)
| Security Description | Shares/ Principal |
Value | ||||||
| United States—(Continued) | ||||||||
| Sun Communities, Inc. (REIT) |
141,240 | $ | 26,143,524 | |||||
| Sunstone Hotel Investors, Inc. (REIT) (a) (b) |
653,761 | 7,805,906 | ||||||
| Ventas, Inc. (REIT) |
265,918 | 14,681,333 | ||||||
| VEREIT, Inc. (REIT) |
627,556 | 28,384,358 | ||||||
| Welltower, Inc. (REIT) (a) |
312,249 | 25,729,318 | ||||||
|
|
|
|||||||
| 747,175,653 | ||||||||
|
|
|
|||||||
| Total Common Stocks |
1,254,764,772 | |||||||
|
|
|
|||||||
| Short-Term Investment—0.9% |
| |||||||
| Repurchase Agreement—0.9% | ||||||||
| Fixed Income Clearing Corp. |
11,009,637 | 11,009,637 | ||||||
|
|
|
|||||||
| Total Short-Term Investments |
11,009,637 | |||||||
|
|
|
|||||||
| Securities Lending Reinvestments (c)—7.1% |
| |||||||
| Certificates of Deposit—0.7% | ||||||||
| Barclays Bank plc |
2,000,000 | 2,001,154 | ||||||
| Cooperatieve Rabobank UA |
1,500,000 | 1,500,000 | ||||||
| Goldman Sachs Bank USA |
2,000,000 | 2,000,140 | ||||||
| Oversea-Chinese Banking Corp., Ltd. |
1,000,000 | 1,000,054 | ||||||
| Sumitomo Mitsui Trust Bank, Ltd. |
2,000,000 | 1,999,988 | ||||||
|
|
|
|||||||
| 8,501,336 | ||||||||
|
|
|
|||||||
| Commercial Paper—0.2% | ||||||||
| UBS AG |
2,000,000 | 1,998,145 | ||||||
|
|
|
|||||||
| Repurchase Agreements—5.0% | ||||||||
| Barclays Bank plc |
3,000,000 | 3,000,000 | ||||||
| Barclays Capital, Inc. |
8,962,675 | 8,962,675 | ||||||
| Repurchase Agreements—(Continued) | ||||||||
| BofA Securities, Inc. |
2,000,000 | 2,000,000 | ||||||
| Cantor Fitzgerald & Co. |
2,000,000 | 2,000,000 | ||||||
| CF Secured LLC |
12,000,000 | 12,000,000 | ||||||
| Citigroup Global Markets, Inc. |
2,000,000 | 2,000,000 | ||||||
| Deutsche Bank AG, London |
1,600,000 | 1,600,000 | ||||||
| ING Financial Markets LLC |
10,000,000 | 10,000,000 | ||||||
| Morgan Stanley |
3,000,000 | 3,000,000 | ||||||
| National Bank of Canada |
8,000,000 | 8,000,000 | ||||||
BHFTI-158
Brighthouse Funds Trust I
Clarion Global Real Estate Portfolio
Schedule of Investments as of September 30, 2021 (Unaudited)
Securities Lending Reinvestments (c)—(Continued)
| Security Description | Shares/ Principal |
Value | ||||||
| Repurchase Agreements—(Continued) | ||||||||
| Societe Generale |
2,100,000 | $ | 2,100,000 | |||||
| Repurchase Agreement dated 09/30/21 at 0.170%, due on 10/01/21 with a maturity value of $3,500,017; collateralized by various Common Stock with an aggregate market value of $3,888,966. |
3,500,000 | 3,500,000 | ||||||
| Repurchase Agreement dated 09/30/21 at 0.200%, due on 10/07/21 with a maturity value of $5,691,278; collateralized by various Common Stock with an aggregate market value of $6,323,522. |
5,691,057 | 5,691,057 | ||||||
|
|
|
|||||||
| 63,853,732 | ||||||||
|
|
|
|||||||
| Time Deposits—0.3% | ||||||||
| Landesbank Baden-Wuettertemberg (London) |
800,000 | 800,000 | ||||||
| National Bank of Canada |
1,000,000 | 1,000,000 | ||||||
| Skandi New York |
2,000,000 | 2,000,000 | ||||||
|
|
|
|||||||
| 3,800,000 | ||||||||
|
|
|
|||||||
| Mutual Funds—0.9% | ||||||||
| BlackRock Liquidity Funds, Institutional Shares |
1,500,000 | 1,500,000 | ||||||
| Goldman Sachs Financial Square Government Fund, Institutional Share 0.030% (e) |
5,000,000 | 5,000,000 | ||||||
| STIT-Government & Agency Portfolio, Institutional Class |
5,500,000 | 5,500,000 | ||||||
|
|
|
|||||||
| 12,000,000 | ||||||||
|
|
|
|||||||
| Total Securities Lending Reinvestments |
90,153,213 | |||||||
|
|
|
|||||||
| Total Investments—106.7% |
1,355,927,622 | |||||||
| Other assets and liabilities (net)—(6.7)% |
(84,792,601 | ) | ||||||
|
|
|
|||||||
| Net Assets—100.0% | $ | 1,271,135,021 | ||||||
|
|
|
|||||||
| * | Principal amount stated in U.S. dollars unless otherwise noted. | |||
| (a) | All or a portion of the security was held on loan. As of September 30, 2021, the market value of securities loaned was $83,069,110 and the collateral received consisted of cash in the amount of $90,150,105. The cash collateral investments are disclosed in the Schedule of Investments and categorized as Securities Lending Reinvestments. | |||
| (b) | Non-income producing security. | |||
| (c) | Represents investment of cash collateral received from securities on loan as of September 30, 2021. | |||
| (d) | Variable or floating rate security. The stated rate represents the rate at September 30, 2021. Maturity date shown for callable securities reflects the earliest possible call date. For securities based on a published reference index and spread, the index and spread are indicated in the description above. For certain variable rate securities, the coupon rate is determined by the issuer/agent based on current market conditions. For certain asset- and mortgage-backed securities, the coupon rate may fluctuate based on changes of the underlying collateral or prepayments of principal. These securities do not indicate a reference index and spread in their description above. | |||
| (e) | The rate shown represents the annualized seven-day yield as of September 30, 2021. | |||
| Ten Largest Industries as of |
%
of | |||
| Industrial REIT’s |
17.5 | |||
| Retail REIT’s |
15.4 | |||
| Specialized REIT’s |
13.0 | |||
| Residential REIT’s |
12.6 | |||
| Real Estate Operating Companies |
10.3 | |||
| Diversified Real Estate Activities |
8.9 | |||
| Office REIT’s |
6.3 | |||
| Diversified REIT’s |
6.0 | |||
| Health Care REITs |
4.6 | |||
| Hotel & Resort REITs |
3.0 | |||
Glossary of Abbreviations
Index Abbreviations
| (LIBOR)— | London Interbank Offered Rate | |||
| (OBFR)— | U.S. Overnight Bank Funding Rate | |||
Other Abbreviations
| (REIT)— | Real Estate Investment Trust | |||
BHFTI-159
Brighthouse Funds Trust I
Clarion Global Real Estate Portfolio
Schedule of Investments as of September 30, 2021 (Unaudited)
Fair Value Hierarchy
Accounting principles generally accepted in the United States of America (“GAAP”) define fair market value as the price that the Portfolio would receive to sell an asset or pay to transfer a liability in an orderly transaction between market participants at the measurement date. It establishes a fair value hierarchy that prioritizes inputs to valuation methods and requires disclosure of the fair value hierarchy, separately for each major category of assets and liabilities, that segregates fair value measurements into three levels. Levels 1, 2 and 3 of the fair value hierarchy are defined as follows:
Level 1 - unadjusted quoted prices in active markets for identical investments
Level 2 - other significant observable inputs (including, but not limited to, quoted prices for similar assets or liabilities in markets that are either active or inactive; inputs other than quoted prices that are observable such as interest rates, yield curves, volatilities, prepayment speeds, loss severities, credit risks, default rates, or other market corroborated inputs)
Level 3 - significant unobservable inputs based on the best information available in the circumstances, to the extent observable inputs are unavailable (including the Portfolio’s own assumptions used in determining the fair value of investments and derivative financial instruments)
The inputs or methodologies used for valuing investments are not necessarily an indication of the risk associated with investing in them. Changes to the inputs or methodologies used may result in transfers between levels. A reconciliation of Level 3 securities, if any, will be disclosed following the fair value hierarchy table. For more information about the Portfolio’s policy regarding the valuation of investments, please refer to the Notes to Schedule of Investments.
The following table summarizes the fair value hierarchy of the Portfolio’s investments as of September 30, 2021:
| Description | Level 1 | Level 2 | Level 3 | Total | ||||||||||||
| Common Stocks | ||||||||||||||||
| Australia |
$ | — | $ | 51,614,471 | $ | — | $ | 51,614,471 | ||||||||
| Belgium |
— | 17,119,347 | — | 17,119,347 | ||||||||||||
| Canada |
24,827,783 | — | — | 24,827,783 | ||||||||||||
| France |
— | 9,288,847 | — | 9,288,847 | ||||||||||||
| Germany |
— | 67,532,211 | — | 67,532,211 | ||||||||||||
| Hong Kong |
— | 68,772,890 | — | 68,772,890 | ||||||||||||
| Ireland |
— | 2,824,201 | — | 2,824,201 | ||||||||||||
| Japan |
— | 128,745,947 | — | 128,745,947 | ||||||||||||
| Singapore |
9,503,446 | 32,881,591 | — | 42,385,037 | ||||||||||||
| Sweden |
— | 40,328,222 | — | 40,328,222 | ||||||||||||
| United Kingdom |
— | 54,150,163 | — | 54,150,163 | ||||||||||||
| United States |
747,175,653 | — | — | 747,175,653 | ||||||||||||
| Total Common Stocks |
781,506,882 | 473,257,890 | — | 1,254,764,772 | ||||||||||||
| Total Short-Term Investment* |
— | 11,009,637 | — | 11,009,637 | ||||||||||||
| Securities Lending Reinvestments | ||||||||||||||||
| Certificates of Deposit |
— | 8,501,336 | — | 8,501,336 | ||||||||||||
| Commercial Paper |
— | 1,998,145 | — | 1,998,145 | ||||||||||||
| Repurchase Agreements |
— | 63,853,732 | — | 63,853,732 | ||||||||||||
| Time Deposits |
— | 3,800,000 | — | 3,800,000 | ||||||||||||
| Mutual Funds |
12,000,000 | — | — | 12,000,000 | ||||||||||||
| Total Securities Lending Reinvestments |
12,000,000 | 78,153,213 | — | 90,153,213 | ||||||||||||
| Total Investments |
$ | 793,506,882 | $ | 562,420,740 | $ | — | $ | 1,355,927,622 | ||||||||
| Collateral for Securities Loaned (Liability) |
$ | — | $ | (90,150,105 | ) | $ | — | $ | (90,150,105 | ) | ||||||
| * | See Schedule of Investments for additional detailed categorizations. | |||
BHFTI-160
Brighthouse Funds Trust I
Harris Oakmark International Portfolio
Schedule of Investments as of September 30, 2021 (Unaudited)
Common Stocks — 95.3% of Net Assets
| Security Description | Shares | Value | ||||||
| Australia—2.1% | ||||||||
| AMP, Ltd. (a) |
1,242,470 | $ | 885,718 | |||||
| Brambles, Ltd. |
2,848,300 | 22,153,880 | ||||||
| Orica, Ltd. |
4,016,035 | 39,582,979 | ||||||
|
|
|
|||||||
| 62,622,577 | ||||||||
|
|
|
|||||||
| Belgium—1.6% | ||||||||
| Anheuser-Busch InBev S.A. |
844,300 | 47,684,430 | ||||||
|
|
|
|||||||
| Canada—2.6% | ||||||||
| Cenovus Energy, Inc. |
2,516,965 | 25,376,317 | ||||||
| Open Text Corp. |
645,000 | 31,481,052 | ||||||
| Restaurant Brands International, Inc. (b) |
339,520 | 20,775,229 | ||||||
|
|
|
|||||||
| 77,632,598 | ||||||||
|
|
|
|||||||
| China—4.8% | ||||||||
| Alibaba Group Holding, Ltd. (a) |
1,519,600 | 28,264,578 | ||||||
| Alibaba Group Holding, Ltd. (ADR) (a) |
196,400 | 29,077,020 | ||||||
| Prosus NV (a) |
686,503 | 54,067,737 | ||||||
| Trip.com Group, Ltd. (ADR) (a) |
213,900 | 6,577,425 | ||||||
| Vipshop Holdings, Ltd. (ADR) (a) |
2,277,800 | 25,374,692 | ||||||
|
|
|
|||||||
| 143,361,452 | ||||||||
|
|
|
|||||||
| Finland—0.5% | ||||||||
| UPM-Kymmene Oyj |
447,400 | 15,807,659 | ||||||
|
|
|
|||||||
| France—11.9% | ||||||||
| Accor S.A. (a) |
1,825,226 | 64,613,451 | ||||||
| BNP Paribas S.A. (b) |
1,659,475 | 106,298,363 | ||||||
| Capgemini SE |
131,100 | 27,264,887 | ||||||
| Danone S.A. |
521,400 | 35,588,124 | ||||||
| Publicis Groupe S.A. (b) |
736,554 | 49,602,255 | ||||||
| Valeo |
1,461,800 | 40,792,860 | ||||||
| Worldline S.A. (a) |
412,400 | 31,464,529 | ||||||
|
|
|
|||||||
| 355,624,469 | ||||||||
|
|
|
|||||||
| Germany—24.4% | ||||||||
| Allianz SE |
439,500 | 99,126,461 | ||||||
| Bayer AG |
2,052,560 | 111,950,497 | ||||||
| Bayerische Motoren Werke AG |
1,064,907 | 102,213,938 | ||||||
| Continental AG (a) |
739,490 | 81,071,113 | ||||||
| Daimler AG |
1,206,893 | 107,287,180 | ||||||
| Fresenius Medical Care AG & Co. KGaA |
902,800 | 63,621,810 | ||||||
| Fresenius SE & Co. KGaA |
580,058 | 27,888,782 | ||||||
| Henkel AG & Co. KGaA |
255,304 | 22,028,144 | ||||||
| SAP SE |
380,900 | 51,601,908 | ||||||
| ThyssenKrupp AG (a) |
5,176,700 | 55,165,279 | ||||||
| Vitesco Technologies Group AG (a) (b) |
147,898 | 8,737,199 | ||||||
|
|
|
|||||||
| 730,692,311 | ||||||||
|
|
|
|||||||
| Indonesia—0.7% | ||||||||
| Bank Mandiri Persero Tbk PT |
45,665,800 | 19,406,077 | ||||||
|
|
|
|||||||
| Ireland—1.4% | ||||||||
| Ryanair Holdings plc (ADR) (a) |
387,160 | 42,610,830 | ||||||
|
|
|
|||||||
| Italy—3.6% | ||||||||
| Intesa Sanpaolo S.p.A. |
38,216,700 | 108,421,327 | ||||||
|
|
|
|||||||
| Japan—2.2% | ||||||||
| Komatsu, Ltd. |
812,800 | 19,544,235 | ||||||
| Toyota Motor Corp. |
2,496,500 | 44,657,909 | ||||||
|
|
|
|||||||
| 64,202,144 | ||||||||
|
|
|
|||||||
| Mexico—1.2% | ||||||||
| Grupo Televisa S.A.B. (ADR) |
3,356,608 | 36,855,556 | ||||||
|
|
|
|||||||
| Netherlands—2.1% | ||||||||
| EXOR NV |
726,152 | 61,190,486 | ||||||
|
|
|
|||||||
| South Africa—0.8% | ||||||||
| Naspers, Ltd. - N Shares |
144,575 | 23,824,217 | ||||||
|
|
|
|||||||
| South Korea—1.1% | ||||||||
| NAVER Corp. |
96,900 | 31,574,313 | ||||||
|
|
|
|||||||
| Spain—1.6% | ||||||||
| Amadeus IT Group S.A. (a) |
735,900 | 48,343,118 | ||||||
|
|
|
|||||||
| Sweden—4.2% | ||||||||
| H & M Hennes & Mauritz AB - B Shares (a) |
2,522,800 | 51,149,675 | ||||||
| SKF AB - B Shares |
1,567,201 | 36,883,759 | ||||||
| Volvo AB - B Shares |
1,663,591 | 37,376,440 | ||||||
|
|
|
|||||||
| 125,409,874 | ||||||||
|
|
|
|||||||
| Switzerland—11.6% | ||||||||
| Cie Financiere Richemont S.A. - Class A |
99,647 | 10,274,943 | ||||||
| Credit Suisse Group AG |
9,489,154 | 94,082,933 | ||||||
| Glencore plc |
19,386,565 | 91,554,312 | ||||||
| Holcim, Ltd. |
1,065,548 | 51,264,085 | ||||||
| Novartis AG |
580,500 | 47,624,342 | ||||||
| Roche Holding AG |
94,000 | 34,300,948 | ||||||
| Swatch Group AG (The) - Bearer Shares |
67,280 | 17,636,556 | ||||||
|
|
|
|||||||
| 346,738,119 | ||||||||
|
|
|
|||||||
| United Kingdom—16.9% | ||||||||
| CNH Industrial NV |
4,871,700 | 82,488,766 | ||||||
| Compass Group plc (a) |
1,227,900 | 25,123,216 | ||||||
| Informa plc (a) |
1,219,203 | 8,933,720 | ||||||
| Liberty Global plc - Class A (a) |
1,797,200 | 53,556,560 | ||||||
| Liberty Global plc - Class C (a) |
211,956 | 6,244,224 | ||||||
| Lloyds Banking Group plc |
192,969,500 | 120,036,717 | ||||||
| NatWest Group plc |
14,788,001 | 44,873,235 | ||||||
| Prudential plc |
1,872,200 | 36,344,390 | ||||||
| Reckitt Benckiser Group plc |
208,300 | 16,303,512 | ||||||
| Rolls-Royce Holdings plc (a) |
9,414,065 | 17,711,005 | ||||||
| Schroders plc |
854,084 | 41,019,807 | ||||||
| Smiths Group plc |
836,809 | 16,040,764 | ||||||
| WPP plc |
2,804,155 | 37,679,902 | ||||||
|
|
|
|||||||
| 506,355,818 | ||||||||
|
|
|
|||||||
| Total Common Stocks |
2,848,357,375 | |||||||
|
|
|
|||||||
BHFTI-161
Brighthouse Funds Trust I
Harris Oakmark International Portfolio
Schedule of Investments as of September 30, 2021 (Unaudited)
Preferred Stocks—1.0%
| Security Description | Shares/ Principal |
Value | ||||||
| Germany—0.3% | ||||||||
| Henkel AG & Co. KGaA |
85,300 | $ | 7,919,394 | |||||
|
|
|
|||||||
| South Korea—0.7% | ||||||||
| Samsung Electronics Co., Ltd. |
379,600 | 22,218,953 | ||||||
|
|
|
|||||||
| Total Preferred Stocks |
30,138,347 | |||||||
|
|
|
|||||||
| Convertible Bonds—0.3% | ||||||||
| Switzerland—0.3% | ||||||||
| Credit Suisse Group Guernsey VII, Ltd. |
7,835,000 | 8,952,787 | ||||||
|
|
|
|||||||
| Short-Term Investment—3.3% | ||||||||
| Repurchase Agreement—3.3% | ||||||||
| Fixed Income Clearing Corp. |
100,413,495 | 100,413,495 | ||||||
|
|
|
|||||||
| Total Short-Term Investments |
100,413,495 | |||||||
|
|
|
|||||||
| Securities Lending Reinvestments (c)—4.5% |
| |||||||
| Repurchase Agreements—2.9% | ||||||||
| Barclays Bank plc |
25,000,000 | 25,000,000 | ||||||
| Barclays Capital, Inc. |
2,177,659 | 2,177,659 | ||||||
| CF Secured LLC |
25,000,000 | 25,000,000 | ||||||
| Citigroup Global Markets Ltd. |
20,000,000 | 20,000,000 | ||||||
| Repurchase Agreements—(Continued) | ||||||||
| Deutsche Bank AG, London |
3,300,000 | 3,300,000 | ||||||
| National Bank of Canada |
200,000 | 200,000 | ||||||
| Societe Generale |
10,000,000 | 10,000,000 | ||||||
|
|
|
|||||||
| 85,677,659 | ||||||||
|
|
|
|||||||
| Time Deposits—0.3% | ||||||||
| ABN AMRO Bank NV |
2,000,000 | 2,000,000 | ||||||
| First Abu Dhabi Bank USA NV |
4,000,000 | 4,000,000 | ||||||
| Landesbank Baden-Wuettertemberg (London) |
1,300,000 | 1,300,000 | ||||||
| Skandi New York |
2,000,000 | 2,000,000 | ||||||
|
|
|
|||||||
| 9,300,000 | ||||||||
|
|
|
|||||||
| Mutual Funds—1.3% | ||||||||
| BlackRock Liquidity Funds FedFund, Institutional Shares |
20,000,000 | 20,000,000 | ||||||
| Goldman Sachs Financial Square Government Fund, Institutional Shares |
10,000,000 | 10,000,000 | ||||||
| Morgan Stanley Liquidity Funds Government Portfolio, Institutional Shares |
3,000,000 | 3,000,000 | ||||||
| STIT-Government & Agency Portfolio, Institutional Class |
3,000,000 | 3,000,000 | ||||||
| Wells Fargo Government Money Market Fund, Select Class |
2,000,000 | 2,000,000 | ||||||
|
|
|
|||||||
| 38,000,000 | ||||||||
|
|
|
|||||||
| Total Securities Lending Reinvestments |
132,977,659 | |||||||
|
|
|
|||||||
| Total Investments—104.4% |
3,120,839,663 | |||||||
| Other assets and liabilities (net)—(4.4)% |
(131,199,056 | ) | ||||||
|
|
|
|||||||
| Net Assets—100.0% | $ | 2,989,640,607 | ||||||
|
|
|
|||||||
BHFTI-162
Brighthouse Funds Trust I
Harris Oakmark International Portfolio
Schedule of Investments as of September 30, 2021 (Unaudited)
| * | Principal amount stated in U.S. dollars unless otherwise noted. | |||
| (a) | Non-income producing security. | |||
| (b) | All or a portion of the security was held on loan. As of September 30, 2021, the market value of securities loaned was $126,715,213 and the collateral received consisted of cash in the amount of $132,977,659 and non-cash collateral with a value of $2,708. The cash collateral investments are disclosed in the Schedule of Investments and categorized as Securities Lending Reinvestments. The non-cash collateral received consists of U.S. government securities that are held in safe-keeping by the lending agent, or a third-party custodian, and cannot be sold or repledged by the Portfolio. | |||
| (c) | Represents investment of cash collateral received from securities on loan as of September 30, 2021. | |||
| (d) | The rate shown represents the annualized seven-day yield as of September 30, 2021. | |||
| (144A)— | Securities exempt from registration under Rule 144A of the Securities Act of 1933. These securities may be resold in transactions exempt from registration, normally to qualified institutional buyers. As of September 30, 2021, the market value of 144A securities was $8,952,787, which is 0.3% of net assets. | |||
| Ten Largest Industries as of |
% of |
|||
| Banks |
13.6 | |||
| Automobiles |
8.5 | |||
| Pharmaceuticals |
6.5 | |||
| Machinery |
5.9 | |||
| Internet & Direct Marketing Retail |
5.6 | |||
| Metals & Mining |
4.9 | |||
| Insurance |
4.5 | |||
| Capital Markets |
4.5 | |||
| Auto Components |
4.4 | |||
| Hotels, Restaurants & Leisure |
3.7 | |||
Forward Foreign Currency Exchange Contracts
|
Contracts to Deliver |
Counterparty |
Settlement Date |
In Exchange for |
Unrealized Appreciation |
||||||||||||||||||
| CHF | 35,086,000 | SSBT |
12/15/21 | USD | 39,208,324 | $ | 1,491,496 | |||||||||||||||
|
|
|
|||||||||||||||||||||
Glossary of Abbreviations
Counterparties
| (SSBT)— | State Street Bank and Trust Co. | |||
Currencies
| (CHF)— | Swiss Franc | |||
| (USD)— | United States Dollar | |||
Other Abbreviations
| (ADR)— | American Depositary Receipt | |||
BHFTI-163
Brighthouse Funds Trust I
Harris Oakmark International Portfolio
Schedule of Investments as of September 30, 2021 (Unaudited)
Fair Value Hierarchy
Accounting principles generally accepted in the United States of America (“GAAP”) define fair market value as the price that the Portfolio would receive to sell an asset or pay to transfer a liability in an orderly transaction between market participants at the measurement date. It establishes a fair value hierarchy that prioritizes inputs to valuation methods and requires disclosure of the fair value hierarchy, separately for each major category of assets and liabilities, that segregates fair value measurements into three levels. Levels 1, 2 and 3 of the fair value hierarchy are defined as follows:
Level 1 - unadjusted quoted prices in active markets for identical investments
Level 2 - other significant observable inputs (including, but not limited to, quoted prices for similar assets or liabilities in markets that are either active or inactive; inputs other than quoted prices that are observable such as interest rates, yield curves, volatilities, prepayment speeds, loss severities, credit risks, default rates, or other market corroborated inputs)
Level 3 - significant unobservable inputs based on the best information available in the circumstances, to the extent observable inputs are unavailable (including the Portfolio’s own assumptions used in determining the fair value of investments and derivative financial instruments)
The inputs or methodologies used for valuing investments are not necessarily an indication of the risk associated with investing in them. Changes to the inputs or methodologies used may result in transfers between levels. A reconciliation of Level 3 securities, if any, will be disclosed following the fair value hierarchy table. For more information about the Portfolio’s policy regarding the valuation of investments, please refer to the Notes to Schedule of Investments.
The following table summarizes the fair value hierarchy of the Portfolio’s investments as of September 30, 2021:
| Description | Level 1 | Level 2 | Level 3 | Total | ||||||||||||
| Common Stocks | ||||||||||||||||
| Australia |
$ | — | $ | 62,622,577 | $ | — | $ | 62,622,577 | ||||||||
| Belgium |
— | 47,684,430 | — | 47,684,430 | ||||||||||||
| Canada |
77,632,598 | — | — | 77,632,598 | ||||||||||||
| China |
61,029,137 | 82,332,315 | — | 143,361,452 | ||||||||||||
| Finland |
— | 15,807,659 | — | 15,807,659 | ||||||||||||
| France |
— | 355,624,469 | — | 355,624,469 | ||||||||||||
| Germany |
8,737,199 | 721,955,112 | — | 730,692,311 | ||||||||||||
| Indonesia |
— | 19,406,077 | — | 19,406,077 | ||||||||||||
| Ireland |
42,610,830 | — | — | 42,610,830 | ||||||||||||
| Italy |
— | 108,421,327 | — | 108,421,327 | ||||||||||||
| Japan |
— | 64,202,144 | — | 64,202,144 | ||||||||||||
| Mexico |
36,855,556 | — | — | 36,855,556 | ||||||||||||
| Netherlands |
— | 61,190,486 | — | 61,190,486 | ||||||||||||
| South Africa |
— | 23,824,217 | — | 23,824,217 | ||||||||||||
| South Korea |
— | 31,574,313 | — | 31,574,313 | ||||||||||||
| Spain |
— | 48,343,118 | — | 48,343,118 | ||||||||||||
| Sweden |
— | 125,409,874 | — | 125,409,874 | ||||||||||||
| Switzerland |
— | 346,738,119 | — | 346,738,119 | ||||||||||||
| United Kingdom |
59,800,784 | 446,555,034 | — | 506,355,818 | ||||||||||||
| Total Common Stocks |
286,666,104 | 2,561,691,271 | — | 2,848,357,375 | ||||||||||||
| Total Preferred Stocks* |
— | 30,138,347 | — | 30,138,347 | ||||||||||||
| Total Convertible Bonds* |
— | 8,952,787 | — | 8,952,787 | ||||||||||||
| Total Short-Term Investment* |
— | 100,413,495 | — | 100,413,495 | ||||||||||||
| Securities Lending Reinvestments | ||||||||||||||||
| Repurchase Agreements |
— | 85,677,659 | — | 85,677,659 | ||||||||||||
| Time Deposits |
— | 9,300,000 | — | 9,300,000 | ||||||||||||
| Mutual Funds |
38,000,000 | — | — | 38,000,000 | ||||||||||||
| Total Securities Lending Reinvestments |
38,000,000 | 94,977,659 | — | 132,977,659 | ||||||||||||
| Total Investments |
$ | 324,666,104 | $ | 2,796,173,559 | $ | — | $ | 3,120,839,663 | ||||||||
| Collateral for Securities Loaned (Liability) |
$ | — | $ | (132,977,659 | ) | $ | — | $ | (132,977,659 | ) | ||||||
| Forward Contracts | ||||||||||||||||
| Forward Foreign Currency Exchange Contracts (Unrealized Appreciation) |
$ | — | $ | 1,491,496 | $ | — | $ | 1,491,496 | ||||||||
| * | See Schedule of Investments for additional detailed categorizations. | |||
BHFTI-164
Brighthouse Funds Trust I
Invesco Balanced-Risk Allocation Portfolio
Consolidated Schedule of Investments as of September 30, 2021 (Unaudited)
U.S. Treasury & Government Agencies—4.2% of Net Assets
| Security Description | Principal Amount* |
Value | ||||||
| U.S. Treasury—4.2% | ||||||||
| U.S. Treasury Floating Rate Notes | ||||||||
| 0.090%, 3M USTBMM + 0.055%, 07/31/22 (a) |
31,000,000 | $ | 31,013,826 | |||||
| 0.149%, 3M USTBMM + 0.114%, 04/30/22 (a) |
28,000,000 | 28,018,542 | ||||||
|
|
|
|||||||
| Total U.S. Treasury & Government Agencies |
59,032,368 | |||||||
|
|
|
|||||||
| Commodity-Linked Securities—3.5% | ||||||||
| Canadian Imperial Bank of Commerce Commodity Linked Note, U.S. Federal Funds (Effective) Rate minus 0.020% (linked to Canadian Imperial Bank of Commerce Custom 5 Agriculture Commodity Index, multiplied by 2), 10/22/21 (144A) (a) |
6,930,000 | 12,320,618 | ||||||
| Cargill, Inc. Commodity Linked Note, one month LIBOR Rate minus 0.010% (linked to Monthly Rebalance Commodity Excess Return Index, multiplied by 2), 05/31/22 (144A) (a) |
17,770,000 | 19,305,330 | ||||||
| Royal Bank of Canada Commodity Linked Note, U.S. Federal Funds (Effective) Rate minus 0.040% (linked to Royal Bank of Canada Enhanced Agriculture Basket 04 Excess Return Index, multiplied by 2), 10/28/21 (144A) (a) |
9,500,000 | 16,543,269 | ||||||
|
|
|
|||||||
| Total Commodity-Linked Securities |
48,169,217 | |||||||
|
|
|
|||||||
| Municipals—2.4% | ||||||||
| New York City Housing Development Corp. |
3,300,000 | 3,300,000 | ||||||
| New York State Energy Research & Development Authority |
4,400,000 | 4,400,000 | ||||||
| New York State Housing Finance Agency |
8,000,000 | 8,000,000 | ||||||
| Port of Portland OR Airport Revenue |
17,530,000 | 17,530,000 | ||||||
|
|
|
|||||||
| Total Municipals |
33,230,000 | |||||||
|
|
|
|||||||
| Short-Term Investments—83.7% | ||||||||
| Certificate of Deposit—2.0% | ||||||||
| Bank of Montreal (Chicago) | ||||||||
| 0.210%, SOFR + 0.160%, 03/16/22 (a) |
8,500,000 | 8,502,058 | ||||||
| 0.230%, 05/10/22 (b) |
20,000,000 | 20,009,347 | ||||||
|
|
|
|||||||
| 28,511,405 | ||||||||
|
|
|
|||||||
| Commercial Paper—58.0% | ||||||||
| Anglesea Funding plc |
25,000,000 | 25,001,857 | ||||||
| Apple, Inc. |
40,000,000 | 39,999,733 | ||||||
| Bank of Nova Scotia |
23,000,000 | 23,002,119 | ||||||
| Barclays Bank plc | ||||||||
| 0.160%, 03/16/22 (144A) (b) |
12,000,000 | 11,990,759 | ||||||
| 0.161%, 02/10/22 (144A) (b) |
25,000,000 | 24,985,776 | ||||||
| Commercial Paper—(Continued) | ||||||||
| Barton Capital Corp. |
10,000,000 | 9,999,056 | ||||||
| Cancara Asset Securitisation LLC |
24,950,000 | 24,947,574 | ||||||
| CDP Financial, Inc. |
25,000,000 | 24,992,507 | ||||||
| Chevron Corp. |
30,000,000 | 29,999,667 | ||||||
| Collateralized Commercial Paper Co. LLC |
25,000,000 | 24,998,629 | ||||||
| Concord Minutemen Capital Co. LLC |
10,000,000 | 9,999,713 | ||||||
| Dexia Credit Local S.A. |
32,000,000 | 31,999,017 | ||||||
| Exxon Mobil Corp. |
40,000,000 | 39,994,951 | ||||||
| FMS Wertmanagement |
15,000,000 | 14,993,015 | ||||||
| Kimberly-Clark Corp. |
17,000,000 | 16,999,835 | ||||||
| Korea Development Bank (The) |
10,300,000 | 10,293,912 | ||||||
| Lexington Parker Capital Co. LLC |
10,000,000 | 9,999,625 | ||||||
| LMA S.A. & LMA Americas, Corp. | ||||||||
| 0.113%, 10/14/21 (b) |
15,000,000 | 14,999,481 | ||||||
| 0.161%, 02/08/22 (144A) (b) |
14,000,000 | 13,993,173 | ||||||
| LVMH Moet Hennessy Louis Vuitton SE | ||||||||
| 0.060%, 12/13/21 (144A) (b) |
11,400,000 | 11,397,211 | ||||||
| 0.080%, 11/22/21 (144A) (b) |
21,000,000 | 20,997,063 | ||||||
| L’Oreal U.S.A., Inc. | ||||||||
| 0.030%, 10/04/21 (144A) (b) |
19,000,000 | 18,999,829 | ||||||
| 0.047%, 10/12/21 (144A) (b) |
14,500,000 | 14,499,710 | ||||||
| National Australia Bank Ltd. |
22,000,000 | 21,991,530 | ||||||
| Nationwide Building Society |
21,000,000 | 20,999,669 | ||||||
| Natixis S.A. |
15,000,000 | 15,001,181 | ||||||
| Nederlandse Waterschapsbank NV |
18,000,000 | 17,997,700 | ||||||
| Nestle Finance International, Ltd. |
43,100,000 | 43,098,743 | ||||||
| Old Line Funding LLC |
35,000,000 | 34,998,213 | ||||||
| Oversea-Chinese Banking Corp., Ltd. |
6,500,000 | 6,499,590 | ||||||
| PACCAR Financial Corp. |
16,600,000 | 16,599,138 | ||||||
| Ridgefield Funding Co. LLC |
25,000,000 | 24,997,617 | ||||||
| Shell International Finance B.V. |
7,000,000 | 6,999,988 | ||||||
| Sumitomo Mitsui Banking Corp. |
13,500,000 | 13,499,148 | ||||||
BHFTI-165
Brighthouse Funds Trust I
Invesco Balanced-Risk Allocation Portfolio
Consolidated Schedule of Investments as of September 30, 2021 (Unaudited)
Short-Term Investments—(Continued)
| Security Description | Shares/ Principal Amount* |
Value | ||||||
| Commercial Paper—(Continued) | ||||||||
| Toronto-Dominion Bank | ||||||||
| 0.180%, FEDL01 + 0.100%, 07/08/22 (144A) (a) |
15,000,000 | $ | 15,000,225 | |||||
| 0.243%, 05/05/22 (144A) (b) |
15,000,000 | 14,986,076 | ||||||
| UBS AG | ||||||||
| 0.215%, 3M LIBOR + 0.070%, 10/04/21 (144A) (a) |
10,000,000 | 10,000,000 | ||||||
| 0.240%, SOFR + 0.190%, 06/15/22 (144A) (a) |
10,000,000 | 10,000,472 | ||||||
| Unilever Capital Corp. | ||||||||
| 0.065%, 10/12/21 (144A) (b) |
4,000,000 | 3,999,907 | ||||||
| 0.068%, 10/22/21 (144A) (b) |
4,500,000 | 4,499,807 | ||||||
| 0.069%, 11/01/21 (144A) (b) |
31,000,000 | 30,998,071 | ||||||
| Victory Receivables Corp. |
30,000,000 | 29,994,172 | ||||||
|
|
|
|||||||
| 811,245,459 | ||||||||
|
|
|
|||||||
| Mutual Funds—14.7% | ||||||||
| STIC (Global Series) plc - U.S. Dollar Liquidity Portfolio, Institutional Class 0.010% (c) (d) |
143,029,380 | 143,029,380 | ||||||
| STIT-Government & Agency Portfolio, Institutional Class 0.030% (c) (d) |
38,247,708 | 38,247,708 | ||||||
| STIT-Treasury Portfolio, Institutional Class 0.010% (c) (d) |
24,728,663 | 24,728,663 | ||||||
|
|
|
|||||||
| 206,005,751 | ||||||||
|
|
|
|||||||
| U.S. Treasury—9.0% | ||||||||
| U.S. Treasury Bills | ||||||||
| 0.036%, 12/09/21 (b) |
34,500,000 | 34,498,126 | ||||||
| 0.042%, 03/17/22 (b) |
63,000,000 | 62,986,118 | ||||||
| 0.043%, 12/16/21 (b) |
28,200,000 | 28,197,857 | ||||||
|
|
|
|||||||
| 125,682,101 | ||||||||
|
|
|
|||||||
| Total Short-Term Investments |
1,171,444,716 | |||||||
|
|
|
|||||||
| Total Investments—93.8% |
1,311,876,301 | |||||||
| Other assets and liabilities (net)—6.2% |
86,555,430 | |||||||
|
|
|
|||||||
| Net Assets—100.0% | $ | 1,398,431,731 | ||||||
|
|
|
|||||||
| * | Principal amount stated in U.S. dollars unless otherwise noted. | |
| (a) | Variable or floating rate security. The stated rate represents the rate at September 30, 2021. Maturity date shown for callable securities reflects the earliest possible call date. For securities based on a published reference index and spread, the index and spread are indicated in the description above. For certain variable rate securities, the coupon rate is determined by the issuer/agent based on current market conditions. For certain asset- and mortgage-backed securities, the coupon rate may fluctuate based on changes of the underlying collateral or prepayments of principal. These securities do not indicate a reference index and spread in their description above. | |
| (b) | The rate shown represents current yield to maturity. | |
| (c) | The rate shown represents the annualized seven-day yield as of September 30, 2021. | |
| (d) | Affiliated Issuer. | |
| (144A)— | Securities exempt from registration under Rule 144A of the Securities Act of 1933. These securities may be resold in transactions exempt from registration, normally to qualified institutional buyers. As of September 30, 2021, the market value of 144A securities was $658,085,594, which is 47.1% of net assets. |
Futures Contracts
| Futures Contracts—Long |
Expiration Date |
Number of Contracts |
Notional Amount |
Value/ Unrealized Appreciation/ (Depreciation) |
||||||||||||||||
| Australian 10 Year Treasury Bond Futures |
12/15/21 | 3,022 | AUD | 427,530,107 | $ | (5,804,750 | ) | |||||||||||||
| Brent Crude Oil Futures |
11/30/21 | 388 | USD | 30,081,640 | 2,843,552 | |||||||||||||||
| Canada Government Bond 10 Year Futures |
12/20/21 | 2,505 | CAD | 358,590,750 | (6,021,341 | ) | ||||||||||||||
| Euro STOXX 50 Index Futures |
12/17/21 | 1,970 | EUR | 79,745,600 | (2,485,716 | ) | ||||||||||||||
| FTSE 100 Index Futures |
12/17/21 | 1,208 | GBP | 85,447,880 | 780,570 | |||||||||||||||
| Japanese Government 10 Year Bond Futures |
12/13/21 | 48 | JPY | 7,265,760,000 | (188,135 | ) | ||||||||||||||
| MSCI Emerging Markets Index Mini Futures |
12/17/21 | 1,785 | USD | 111,169,800 | (4,973,371 | ) | ||||||||||||||
| New York Harbor ULSD Futures |
02/28/22 | 79 | USD | 7,575,989 | 668,030 | |||||||||||||||
| RBOB Gasoline Futures |
10/29/21 | 312 | USD | 28,750,176 | 1,383,565 | |||||||||||||||
| Russell 2000 Index E-Mini Futures |
12/17/21 | 1,005 | USD | 110,590,200 | (1,602,189 | ) | ||||||||||||||
BHFTI-166
Brighthouse Funds Trust I
Invesco Balanced-Risk Allocation Portfolio
Consolidated Schedule of Investments as of September 30, 2021 (Unaudited)
Futures Contracts—(Continued)
| Futures Contracts—Long |
Expiration Date |
Number of Contracts |
Notional Amount |
Value/ Unrealized Appreciation/ (Depreciation) |
||||||||||||||||
| S&P 500 Index E-Mini Futures |
12/17/21 | 364 | USD | 78,219,050 | $ | (3,742,274 | ) | |||||||||||||
| Silver Futures |
12/29/21 | 325 | USD | 35,826,375 | (2,046,578 | ) | ||||||||||||||
| TOPIX Index Futures |
12/09/21 | 749 | JPY | 15,208,445,000 | 704,280 | |||||||||||||||
| U.S. Treasury Long Bond Futures |
12/21/21 | 683 | USD | 108,746,406 | (2,292,227 | ) | ||||||||||||||
| United Kingdom Long Gilt Bond Futures |
12/29/21 | 1,484 | GBP | 185,722,600 | (7,445,971 | ) | ||||||||||||||
| WTI Light Sweet Crude Oil Futures |
03/22/22 | 308 | USD | 22,293,040 | 1,818,582 | |||||||||||||||
|
|
|
|||||||||||||||||||
| Net Unrealized Depreciation |
|
$ | (28,403,973 | ) | ||||||||||||||||
|
|
|
|||||||||||||||||||
Swap Agreements
OTC Total Return Swaps
| Pay/Receive |
Fixed |
Payment Frequency |
Maturity Date |
Counterparty | Underlying Reference |
Notional Amount |
Market Value |
Upfront Premium Paid/(Received) |
Unrealized Appreciation/ (Depreciation)(1) |
|||||||||||||||||||||||
| Pay |
0.260% |
Monthly | 11/23/21 | BBP | Barclays Copper Excess Return Index | USD | 13,592,915 | $ | (956,704 | ) | $ | — | $ | (956,704 | ) | |||||||||||||||||
| Pay |
0.300% |
Monthly | 02/08/22 | CIBC | CIBC Dynamic Roll LME Copper Excess Return Index | USD | 28,869,981 | (1,894,766 | ) | — | (1,894,766 | ) | ||||||||||||||||||||
| Pay |
0.470% |
Monthly | 02/16/22 | CG | Cargill Commodity Index (a) | USD | 36,987,476 | 853,520 | — | 853,520 | ||||||||||||||||||||||
| Pay |
0.120% |
Monthly | 12/09/21 | CG | Cargill Gold Excess Return Index | USD | 31,554,787 | (728,122 | ) | — | (728,122 | ) | ||||||||||||||||||||
| Pay |
0.400% |
Monthly | 12/22/21 | GSI | Goldman Sachs Commodity i-Select Strategy 1121 (b) | USD | 17,683,498 | 366,320 | — | 366,320 | ||||||||||||||||||||||
| Pay |
0.250% |
Monthly | 03/09/22 | JPMC | JPMorgan Contag Gas Oil Excess Return Index | USD | 7,249,524 | 487,144 | — | 487,144 | ||||||||||||||||||||||
| Pay |
0.300% |
Monthly | 02/10/22 | MBL | Macquarie Aluminum Dynamic Roll Index | USD | 8,945,381 | (59,078 | ) | — | (59,078 | ) | ||||||||||||||||||||
| Pay |
0.140% |
Monthly | 02/04/22 | MLI | Merrill Lynch Gold Excess Return Index | USD | 24,605,072 | — | — | — | ||||||||||||||||||||||
| Pay |
0.250% |
Monthly | 02/04/22 | MLI | Merrill Lynch Natural Gas Excess Return Index | USD | 14,913,488 | — | — | — | ||||||||||||||||||||||
| Pay |
0.300% |
Monthly | 07/14/22 | MSCS | S&P GSCI Aluminum Dynamic Roll Index | USD | 20,841,019 | 55,062 | — | 55,062 | ||||||||||||||||||||||
| Pay |
0.090% |
Monthly | 03/09/22 | JPMC | S&P GSCI Gold Excess Return Index | USD | 19,901,237 | (243,900 | ) | — | (243,900 | ) | ||||||||||||||||||||
|
|
|
|
|
|
|
|||||||||||||||||||||||||||
| Totals |
|
$ | (2,120,524 | ) | $ | — | $ | (2,120,524 | ) | |||||||||||||||||||||||
|
|
|
|
|
|
|
|||||||||||||||||||||||||||
| (1) | There is no upfront payment premium paid or (received) therefore Market Value equals Unrealized Appreciation/(Depreciation). |
| (a) | The following table represents the individual components and related notional value and weighting (as a percentage of the notional value of the swap) of the futures contracts underlying the total return swap with Cargill, Inc., as of September 30, 2021: |
| Futures Contracts—Long |
Notional Value |
Component Weighting |
||||||
| Soybean Meal |
$ | 8,329,580 | 22.5 | % | ||||
| Cotton No. 2 |
8,022,584 | 21.7 | % | |||||
| Soybean |
7,785,864 | 21.1 | % | |||||
| Soybean Oil |
3,746,831 | 10.1 | % | |||||
| Wheat |
2,544,738 | 6.9 | % | |||||
| Corn No. 2 Yellow |
2,148,972 | 5.8 | % | |||||
| Sugar No. 11 |
2,071,299 | 5.6 | % | |||||
| Coffee “C” |
1,904,855 | 5.1 | % | |||||
| Live Cattle |
244,117 | 0.7 | % | |||||
| Lean Hogs |
188,636 | 0.5 | % | |||||
|
|
|
|
|
|||||
| $ | 36,987,476 | 100.0 | % | |||||
|
|
|
|
|
|||||
| (b) | The following table represents the individual components and related notional value and weighting (as a percentage of the notional value of the swap) of the futures contracts underlying the total return swap with Goldman Sachs International, as of September 30, 2021: |
BHFTI-167
Brighthouse Funds Trust I
Invesco Balanced-Risk Allocation Portfolio
Consolidated Schedule of Investments as of September 30, 2021 (Unaudited)
OTC Total Return Swaps—(Continued)
| Futures Contracts—Long |
Notional Value |
Component Weighting |
||||||
| Soybean Meal |
$ | 3,982,324 | 22.5 | % | ||||
| Cotton No. 2 |
3,835,551 | 21.7 | % | |||||
| Soybean |
3,722,376 | 21.1 | % | |||||
| Soybean Oil |
1,791,338 | 10.1 | % | |||||
| Wheat |
1,216,625 | 6.9 | % | |||||
| Corn No. 2 Yellow |
1,027,411 | 5.8 | % | |||||
| Sugar No. 11 |
990,276 | 5.6 | % | |||||
| Coffee “C” |
910,700 | 5.1 | % | |||||
| Live Cattle |
116,711 | 0.7 | % | |||||
| Lean Hogs |
90,186 | 0.5 | % | |||||
|
|
|
|
|
|||||
| $ | 17,683,498 | 100.0 | % | |||||
|
|
|
|
|
|||||
Glossary of Abbreviations
Counterparties
| (BBP)— | Barclays Bank plc | |
| (CG)— | Cargill, Inc. | |
| (CIBC)— | Canadian Imperial Bank of Commerce | |
| (GSI)— | Goldman Sachs International | |
| (JPMC)— | JPMorgan Chase Bank N.A. | |
| (MBL)— | Macquarie Bank, Ltd. | |
| (MLI)— | Merill Lynch International | |
| (MSCS)— | Morgan Stanley Capital Services, LLC |
Currencies
| (AUD)— | Australian Dollar | |
| (CAD)— | Canadian Dollar | |
| (EUR)— | Euro | |
| (GBP)— | British Pound | |
| (JPY)— | Japanese Yen | |
| (USD)— | United States Dollar |
Index Abbreviations
| (FEDL01)— | Federal Funds Rate | |
| (LIBOR)— | London Interbank Offered Rate | |
| (OBFR)— | U.S. Overnight Bank Funding Rate | |
| (SOFR)— | Secured Overnight Financing Rate | |
| (USTBMM)— | U.S. Treasury Bill Money Market Yield |
BHFTI-168
Brighthouse Funds Trust I
Invesco Balanced-Risk Allocation Portfolio
Consolidated Schedule of Investments as of September 30, 2021 (Unaudited)
Fair Value Hierarchy
Accounting principles generally accepted in the United States of America (“GAAP”) define fair market value as the price that the Portfolio would receive to sell an asset or pay to transfer a liability in an orderly transaction between market participants at the measurement date. It establishes a fair value hierarchy that prioritizes inputs to valuation methods and requires disclosure of the fair value hierarchy, separately for each major category of assets and liabilities, that segregates fair value measurements into three levels. Levels 1, 2 and 3 of the fair value hierarchy are defined as follows:
Level 1 - unadjusted quoted prices in active markets for identical investments
Level 2 - other significant observable inputs (including, but not limited to, quoted prices for similar assets or liabilities in markets that are either active or inactive; inputs other than quoted prices that are observable such as interest rates, yield curves, volatilities, prepayment speeds, loss severities, credit risks, default rates, or other market corroborated inputs)
Level 3 - significant unobservable inputs based on the best information available in the circumstances, to the extent observable
inputs are unavailable (including the Portfolio’s own assumptions used in determining the fair value of investments and derivative financial instruments)
The inputs or methodologies used for valuing investments are not necessarily an indication of the risk associated with investing in them. Changes to the inputs or methodologies used may result in transfers between levels. A reconciliation of Level 3 securities, if any, will be disclosed following the fair value hierarchy table. For more information about the Portfolio’s policy regarding the valuation of investments, please refer to the Notes to Schedule of Investments.
The following table summarizes the fair value hierarchy of the Portfolio’s investments as of September 30, 2021:
| Description | Level 1 | Level 2 | Level 3 | Total | ||||||||||||
| Total U.S. Treasury & Government Agencies* |
$ | — | $ | 59,032,368 | $ | — | $ | 59,032,368 | ||||||||
| Total Commodity-Linked Securities* |
— | 48,169,217 | — | 48,169,217 | ||||||||||||
| Total Municipals* |
— | 33,230,000 | — | 33,230,000 | ||||||||||||
| Short-Term Investments |
| |||||||||||||||
| Certificate of Deposit |
— | 28,511,405 | — | 28,511,405 | ||||||||||||
| Commercial Paper |
— | 811,245,459 | — | 811,245,459 | ||||||||||||
| Mutual Funds |
206,005,751 | — | — | 206,005,751 | ||||||||||||
| U.S. Treasury |
— | 125,682,101 | — | 125,682,101 | ||||||||||||
| Total Short-Term Investments |
206,005,751 | 965,438,965 | — | 1,171,444,716 | ||||||||||||
| Total Investments |
$ | 206,005,751 | $ | 1,105,870,550 | $ | — | $ | 1,311,876,301 | ||||||||
| Futures Contracts |
| |||||||||||||||
| Futures Contracts (Unrealized Appreciation) |
$ | 8,198,579 | $ | — | $ | — | $ | 8,198,579 | ||||||||
| Futures Contracts (Unrealized Depreciation) |
(36,602,552 | ) | — | — | (36,602,552 | ) | ||||||||||
| Total Futures Contracts |
$ | (28,403,973 | ) | $ | — | $ | — | $ | (28,403,973 | ) | ||||||
| OTC Swap Contracts |
| |||||||||||||||
| OTC Swap Contracts at Value (Assets) |
$ | — | $ | 1,762,046 | $ | — | $ | 1,762,046 | ||||||||
| OTC Swap Contracts at Value (Liabilities) |
— | (3,882,570 | ) | — | (3,882,570 | ) | ||||||||||
| Total OTC Swap Contracts |
$ | — | $ | (2,120,524 | ) | $ | — | $ | (2,120,524 | ) | ||||||
| * | See Consolidated Schedule of Investments for additional detailed categorizations. | |||
BHFTI-169
Brighthouse Funds Trust I
Schedule of Investments as of September 30, 2021 (Unaudited)
Common Stocks—98.7% of Net Assets
| Security Description | Shares | Value | ||||||
| Aerospace & Defense—1.2% | ||||||||
| Textron, Inc. |
417,296 | $ | 29,131,434 | |||||
|
|
|
|||||||
| Air Freight & Logistics—1.2% | ||||||||
| FedEx Corp. (a) |
129,857 | 28,476,341 | ||||||
|
|
|
|||||||
| Automobiles—2.0% | ||||||||
| General Motors Co. (b) |
873,227 | 46,027,795 | ||||||
|
|
|
|||||||
| Banks—14.7% | ||||||||
| Bank of America Corp. |
2,016,423 | 85,597,156 | ||||||
| Citigroup, Inc. |
1,219,551 | 85,588,089 | ||||||
| Citizens Financial Group, Inc. (a) |
744,651 | 34,983,704 | ||||||
| Fifth Third Bancorp (a) |
807,681 | 34,277,982 | ||||||
| Huntington Bancshares, Inc. (a) |
814,516 | 12,592,417 | ||||||
| JPMorgan Chase & Co. |
201,772 | 33,028,059 | ||||||
| Wells Fargo & Co. |
1,287,786 | 59,766,148 | ||||||
|
|
|
|||||||
| 345,833,555 | ||||||||
|
|
|
|||||||
| Beverages—1.7% | ||||||||
| Coca-Cola Co. (The) |
753,565 | 39,539,556 | ||||||
|
|
|
|||||||
| Building Products—2.0% | ||||||||
| Johnson Controls International plc |
703,665 | 47,905,513 | ||||||
|
|
|
|||||||
| Capital Markets—5.7% | ||||||||
| Bank of New York Mellon Corp. (The) (a) |
785,433 | 40,716,847 | ||||||
| Goldman Sachs Group, Inc. (The) |
104,544 | 39,520,768 | ||||||
| Morgan Stanley |
351,076 | 34,163,206 | ||||||
| State Street Corp. |
219,435 | 18,590,533 | ||||||
|
|
|
|||||||
| 132,991,354 | ||||||||
|
|
|
|||||||
| Chemicals—3.1% | ||||||||
| CF Industries Holdings, Inc. |
668,781 | 37,331,355 | ||||||
| Corteva, Inc. |
852,136 | 35,857,883 | ||||||
|
|
|
|||||||
| 73,189,238 | ||||||||
|
|
|
|||||||
| Communications Equipment—2.0% | ||||||||
| Cisco Systems, Inc. |
848,739 | 46,196,864 | ||||||
|
|
|
|||||||
| Consumer Finance—0.5% | ||||||||
| Capital One Financial Corp. |
71,049 | 11,507,806 | ||||||
|
|
|
|||||||
| Containers & Packaging—1.6% | ||||||||
| International Paper Co. (a) |
672,900 | 37,628,568 | ||||||
|
|
|
|||||||
| Diversified Telecommunication Services—0.7% | ||||||||
| AT&T, Inc. |
638,093 | 17,234,892 | ||||||
|
|
|
|||||||
| Electric Utilities—1.4% | ||||||||
| Exelon Corp. (a) |
690,049 | 33,356,969 | ||||||
|
|
|
|||||||
| Electrical Equipment—4.0% | ||||||||
| Eaton Corp. plc |
329,805 | 49,243,184 | ||||||
| Emerson Electric Co. |
480,833 | 45,294,469 | ||||||
|
|
|
|||||||
| 94,537,653 | ||||||||
|
|
|
|||||||
| Equity Real Estate Investment Trusts—1.1% | ||||||||
| Host Hotels & Resorts, Inc. (b) |
1,505,299 | 24,581,533 | ||||||
|
|
|
|||||||
| Food Products—1.4% | ||||||||
| Kraft Heinz Co. (The) (a) |
446,498 | 16,440,056 | ||||||
| Tyson Foods, Inc. - Class A |
220,325 | 17,392,456 | ||||||
|
|
|
|||||||
| 33,832,512 | ||||||||
|
|
|
|||||||
| Health Care Equipment & Supplies—0.7% | ||||||||
| Dentsply Sirona, Inc. |
286,646 | 16,639,800 | ||||||
|
|
|
|||||||
| Health Care Providers & Services—8.9% | ||||||||
| Anthem, Inc. |
139,759 | 52,102,155 | ||||||
| CVS Health Corp. |
449,388 | 38,135,066 | ||||||
| HCA Healthcare, Inc. |
118,442 | 28,748,242 | ||||||
| Henry Schein, Inc. (a) (b) |
323,945 | 24,671,651 | ||||||
| McKesson Corp. |
157,731 | 31,448,407 | ||||||
| UnitedHealth Group, Inc. |
23,645 | 9,239,047 | ||||||
| Universal Health Services, Inc. - Class B |
183,731 | 25,422,859 | ||||||
|
|
|
|||||||
| 209,767,427 | ||||||||
|
|
|
|||||||
| Hotels, Restaurants & Leisure—1.6% | ||||||||
| Booking Holdings, Inc. (b) |
8,720 | 20,700,147 | ||||||
| Las Vegas Sands Corp. (a) (b) |
450,337 | 16,482,334 | ||||||
|
|
|
|||||||
| 37,182,481 | ||||||||
|
|
|
|||||||
| Household Products—1.8% | ||||||||
| Colgate-Palmolive Co. |
186,225 | 14,074,885 | ||||||
| Kimberly-Clark Corp. (a) |
218,306 | 28,912,447 | ||||||
|
|
|
|||||||
| 42,987,332 | ||||||||
|
|
|
|||||||
| Industrial Conglomerates—1.4% | ||||||||
| General Electric Co. |
319,741 | 32,942,915 | ||||||
|
|
|
|||||||
| Insurance—3.8% | ||||||||
| Allstate Corp. (The) |
178,025 | 22,664,363 | ||||||
| American International Group, Inc. (a) |
1,220,509 | 66,993,739 | ||||||
|
|
|
|||||||
| 89,658,102 | ||||||||
|
|
|
|||||||
| Internet & Direct Marketing Retail—0.6% | ||||||||
| eBay, Inc. |
207,974 | 14,489,549 | ||||||
|
|
|
|||||||
| IT Services—3.1% | ||||||||
| Cognizant Technology Solutions Corp. - Class A |
611,009 | 45,342,978 | ||||||
| DXC Technology Co. (b) |
802,385 | 26,968,160 | ||||||
|
|
|
|||||||
| 72,311,138 | ||||||||
|
|
|
|||||||
| Machinery—3.0% | ||||||||
| Caterpillar, Inc. |
201,980 | 38,774,101 | ||||||
| Westinghouse Air Brake Technologies Corp. (a) |
352,877 | 30,421,526 | ||||||
|
|
|
|||||||
| 69,195,627 | ||||||||
|
|
|
|||||||
| Media—1.6% | ||||||||
| Comcast Corp. - Class A |
678,302 | 37,937,431 | ||||||
|
|
|
|||||||
BHFTI-170
Brighthouse Funds Trust I
Invesco Comstock Portfolio
Schedule of Investments as of September 30, 2021 (Unaudited)
Common Stocks—(Continued)
| Security Description | Shares/ Principal Amount* |
Value | ||||||
| Oil, Gas & Consumable Fuels—11.5% | ||||||||
| Canadian Natural Resources, Ltd. |
788,977 | $ | 28,846,933 | |||||
| Chevron Corp. |
433,248 | 43,953,009 | ||||||
| ConocoPhillips |
318,408 | 21,578,510 | ||||||
| Devon Energy Corp. (a) |
1,158,086 | 41,123,634 | ||||||
| Hess Corp. |
375,927 | 29,363,658 | ||||||
| Marathon Oil Corp. |
2,744,883 | 37,522,551 | ||||||
| Pioneer Natural Resources Co. |
235,538 | 39,219,432 | ||||||
| Suncor Energy, Inc. |
1,356,155 | 28,126,655 | ||||||
|
|
|
|||||||
| 269,734,382 | ||||||||
|
|
|
|||||||
| Pharmaceuticals—5.0% | ||||||||
| Bristol-Myers Squibb Co. |
382,269 | 22,618,856 | ||||||
| Johnson & Johnson |
258,400 | 41,731,600 | ||||||
| Merck & Co., Inc. |
237,798 | 17,861,008 | ||||||
| Sanofi (ADR) |
719,728 | 34,698,087 | ||||||
|
|
|
|||||||
| 116,909,551 | ||||||||
|
|
|
|||||||
| Semiconductors & Semiconductor Equipment—4.3% | ||||||||
| Intel Corp. |
559,101 | 29,788,901 | ||||||
| NXP Semiconductors NV |
209,426 | 41,020,271 | ||||||
| QUALCOMM, Inc. |
236,793 | 30,541,561 | ||||||
|
|
|
|||||||
| 101,350,733 | ||||||||
|
|
|
|||||||
| Software—2.7% | ||||||||
| CDK Global, Inc. |
640,022 | 27,232,936 | ||||||
| Microsoft Corp. |
129,211 | 36,427,165 | ||||||
|
|
|
|||||||
| 63,660,101 | ||||||||
|
|
|
|||||||
| Tobacco—4.4% | ||||||||
| Altria Group, Inc. |
729,630 | 33,212,758 | ||||||
| Philip Morris International, Inc. |
738,437 | 69,996,443 | ||||||
|
|
|
|||||||
| 103,209,201 | ||||||||
|
|
|
|||||||
| Total Common Stocks |
2,319,947,353 | |||||||
|
|
|
|||||||
| Short-Term Investment—0.8% | ||||||||
| Repurchase Agreement—0.8% | ||||||||
| Fixed Income Clearing Corp. |
17,669,035 | 17,669,035 | ||||||
|
|
|
|||||||
| Total Short-Term Investments |
17,669,035 | |||||||
|
|
|
|||||||
| Securities Lending Reinvestments (c)—4.8% |
| |||||||
| Certificates of Deposit—0.3% | ||||||||
| Agricultural Bank of China |
1,000,000 | 1,000,058 | ||||||
| Certificates of Deposit —(Continued) | ||||||||
| Bank of Nova Scotia |
2,000,000 | $ | 2,000,142 | |||||
| Oversea-Chinese Banking Corp., Ltd. |
1,000,000 | 1,000,054 | ||||||
| Royal Bank of Canada New York |
1,000,000 | 1,000,011 | ||||||
| Sumitomo Mitsui Trust Bank, Ltd. |
1,000,000 | 999,440 | ||||||
|
|
|
|||||||
| 5,999,705 | ||||||||
|
|
|
|||||||
| Commercial Paper—0.1% | ||||||||
| Bedford Row Funding Corp. |
2,000,000 | 2,000,122 | ||||||
|
|
|
|||||||
| Repurchase Agreements—3.4% | ||||||||
| Barclays Bank plc |
12,000,000 | 12,000,000 | ||||||
| Barclays Capital, Inc. |
21,667,473 | 21,667,473 | ||||||
| Cantor Fitzgerald & Co. |
5,300,000 | 5,300,000 | ||||||
| CF Secured LLC |
10,000,000 | 10,000,000 | ||||||
| Citigroup Global Markets, Inc. |
4,000,000 | 4,000,000 | ||||||
| Repurchase Agreement dated 09/30/21 at 0.420%, due on 11/04/21 with a maturity value of $9,003,675; collateralized by U.S. Treasury Obligations with rates ranging from 0.500% - 4.500%, maturity dates ranging from 02/28/26 - 08/15/39, and an aggregate market value of $9,205,565. |
9,000,000 | 9,000,000 | ||||||
BHFTI-171
Brighthouse Funds Trust I
Invesco Comstock Portfolio
Schedule of Investments as of September 30, 2021 (Unaudited)
Securities Lending Reinvestments (c)—(Continued)
| Security Description | Principal Amount* |
Value | ||||||
| Repurchase Agreements —(Continued) | ||||||||
| Deutsche Bank AG, London |
2,600,000 | $ | 2,600,000 | |||||
| National Bank of Canada |
5,000,000 | 5,000,000 | ||||||
| NBC Global Finance, Ltd. |
1,300,000 | 1,300,000 | ||||||
| Societe Generale |
5,000,000 | 5,000,000 | ||||||
| Repurchase Agreement dated 09/30/21 at 0.200%, due on 10/07/21 with a maturity value of $4,715,631; collateralized by various Common Stock with an aggregate market value of $5,239,490. |
4,715,447 | 4,715,447 | ||||||
|
|
|
|||||||
| 80,582,920 | ||||||||
|
|
|
|||||||
| Time Deposits—0.4% | ||||||||
| ABN AMRO Bank NV |
2,000,000 | 2,000,000 | ||||||
| First Abu Dhabi Bank USA NV |
4,000,000 | 4,000,000 | ||||||
| Landesbank Baden-Wuettertemberg (London) |
1,100,000 | 1,100,000 | ||||||
| Skandi New York |
2,000,000 | 2,000,000 | ||||||
|
|
|
|||||||
| 9,100,000 | ||||||||
|
|
|
|||||||
| Mutual Funds—0.6% | ||||||||
| BlackRock Liquidity Funds FedFund, Institutional Shares |
1,000,000 | 1,000,000 | ||||||
| Goldman Sachs Financial Square Government Fund, Institutional Shares 0.030% (e) |
10,000,000 | 10,000,000 | ||||||
| Morgan Stanley Liquidity Funds Government Portfolio, Institutional Shares 0.030% (e) |
1,000,000 | 1,000,000 | ||||||
| SSgA Institutional U.S. Government Money Market Fund, Premier Class 0.030% (e) |
2,000,000 | 2,000,000 | ||||||
| Wells Fargo Government Money Market Fund, Select Class |
1,000,000 | 1,000,000 | ||||||
|
|
|
|||||||
| 15,000,000 | ||||||||
|
|
|
|||||||
| Total Securities Lending Reinvestments |
112,682,747 | |||||||
|
|
|
|||||||
| Total Investments—104.3% |
2,450,299,135 | |||||||
| Other assets and liabilities (net)—(4.3)% |
(100,457,598 | ) | ||||||
|
|
|
|||||||
| Net Assets—100.0% | $ | 2,349,841,537 | ||||||
|
|
|
|||||||
| * | Principal amount stated in U.S. dollars unless otherwise noted. | |
| (a) | All or a portion of the security was held on loan. As of September 30, 2021, the market value of securities loaned was $108,416,631 and the collateral received consisted of cash in the amount of $112,682,052. The cash collateral investments are disclosed in the Schedule of Investments and categorized as Securities Lending Reinvestments | |
| (b) | Non-income producing security. | |
| (c) | Represents investment of cash collateral received from securities on loan as of September 30, 2021. | |
| (d) | Variable or floating rate security. The stated rate represents the rate at September 30, 2021. Maturity date shown for callable securities reflects the earliest possible call date. For securities based on a published reference index and spread, the index and spread are indicated in the description above. For certain variable rate securities, the coupon rate is determined by the issuer/agent based on current market conditions. For certain asset- and mortgage-backed securities, the coupon rate may fluctuate based on changes of the underlying collateral or prepayments of principal. These securities do not indicate a reference index and spread in their description above. | |
| (e) | The rate shown represents the annualized seven-day yield as of September 30, 2021. |
Forward Foreign Currency Exchange Contracts
| Contracts to Deliver |
Counterparty |
Settlement Date |
In Exchange for |
Unrealized Appreciation/ (Depreciation) |
||||||||||||||||||
| CAD | 34,933,290 | CIBC |
10/29/21 | USD | 27,684,726 | $ | 105,463 | |||||||||||||||
| CAD | 1,058,731 | GSI |
10/29/21 | USD | 835,080 | (771 | ) | |||||||||||||||
| EUR | 14,743,937 | DBAG |
10/29/21 | USD | 17,259,046 | 172,429 | ||||||||||||||||
|
|
|
|||||||||||||||||||||
| Net Unrealized Appreciation |
|
$ | 277,121 | |||||||||||||||||||
|
|
|
|||||||||||||||||||||
BHFTI-172
Brighthouse Funds Trust I
Invesco Comstock Portfolio
Schedule of Investments as of September 30, 2021 (Unaudited)
Glossary of Abbreviations
Counterparties
| (CIBC)— | Canadian Imperial Bank of Commerce | |
| (DBAG)— | Deutsche Bank AG | |
| (GSI)— | Goldman Sachs International |
Currencies
| (CAD)— | Canadian Dollar | |
| (EUR)— | Euro | |
| (USD)— | United States Dollar |
Index Abbreviations
| (LIBOR)— | London Interbank Offered Rate |
Other Abbreviations
| (ADR)— | American Depositary Receipt |
Fair Value Hierarchy
Accounting principles generally accepted in the United States of America (“GAAP”) define fair market value as the price that the Portfolio would receive to sell an asset or pay to transfer a liability in an orderly transaction between market participants at the measurement date. It establishes a fair value hierarchy that prioritizes inputs to valuation methods and requires disclosure of the fair value hierarchy, separately for each major category of assets and liabilities, that segregates fair value measurements into three levels. Levels 1, 2 and 3 of the fair value hierarchy are defined as follows:
Level 1 - unadjusted quoted prices in active markets for identical investments
Level 2 - other significant observable inputs (including, but not limited to, quoted prices for similar assets or liabilities in markets that are either active or inactive; inputs other than quoted prices that are observable such as interest rates, yield curves, volatilities, prepayment speeds, loss severities, credit risks, default rates, or other market corroborated inputs)
Level 3 - significant unobservable inputs based on the best information available in the circumstances, to the extent observable inputs are unavailable (including the Portfolio’s own assumptions used in determining the fair value of investments and derivative financial instruments)
The inputs or methodologies used for valuing investments are not necessarily an indication of the risk associated with investing in them. Changes to the inputs or methodologies used may result in transfers between levels. A reconciliation of Level 3 securities, if any, will be disclosed following the fair value hierarchy table. For more information about the Portfolio’s policy regarding the valuation of investments, please refer to the Notes to Schedule of Investments.
The following table summarizes the fair value hierarchy of the Portfolio’s investments as of September 30, 2021:
| Description | Level 1 | Level 2 | Level 3 | Total | ||||||||||||
| Total Common Stocks* |
$ | 2,319,947,353 | $ | — | $ | — | $ | 2,319,947,353 | ||||||||
| Total Short-Term Investment* |
— | 17,669,035 | — | 17,669,035 | ||||||||||||
| Securities Lending Reinvestments |
| |||||||||||||||
| Certificates of Deposit |
— | 5,999,705 | — | 5,999,705 | ||||||||||||
| Commercial Paper |
— | 2,000,122 | — | 2,000,122 | ||||||||||||
| Repurchase Agreements |
— | 80,582,920 | — | 80,582,920 | ||||||||||||
| Time Deposits |
— | 9,100,000 | — | 9,100,000 | ||||||||||||
| Mutual Funds |
15,000,000 | — | — | 15,000,000 | ||||||||||||
| Total Securities Lending Reinvestments |
15,000,000 | 97,682,747 | — | 112,682,747 | ||||||||||||
| Total Investments |
$ | 2,334,947,353 | $ | 115,351,782 | $ | — | $ | 2,450,299,135 | ||||||||
| Collateral for Securities Loaned (Liability) |
$ | — | $ | (112,682,052 | ) | $ | — | $ | (112,682,052 | ) | ||||||
| Forward Contracts |
| |||||||||||||||
| Forward Foreign Currency Exchange Contracts (Unrealized Appreciation) |
$ | — | $ | 277,892 | $ | — | $ | 277,892 | ||||||||
| Forward Foreign Currency Exchange Contracts (Unrealized Depreciation) |
— | (771 | ) | — | (771 | ) | ||||||||||
| Total Forward Contracts |
$ | — | $ | 277,121 | $ | — | $ | 277,121 | ||||||||
| * | See Schedule of Investments for additional detailed categorizations. | |||||||
BHFTI-173
Brighthouse Funds Trust I
Invesco Global Equity Portfolio
Schedule of Investments as of September 30, 2021 (Unaudited)
Common Stocks—99.6% of Net Assets
| Security Description | Shares | Value | ||||||
| Brazil—0.5% | ||||||||
| StoneCo, Ltd. - Class A (a) |
207,860 | $ | 7,216,899 | |||||
|
|
|
|||||||
| China—3.7% | ||||||||
| JD.com, Inc. (ADR) (a) |
695,288 | 50,227,605 | ||||||
| Meituan - Class B (a) |
151,600 | 4,733,967 | ||||||
|
|
|
|||||||
| 54,961,572 | ||||||||
|
|
|
|||||||
| Denmark—0.3% | ||||||||
| Ambu A/S - Class B (b) |
127,429 | 3,764,017 | ||||||
|
|
|
|||||||
| France—10.6% | ||||||||
| Airbus SE (a) |
342,666 | 44,990,373 | ||||||
| Dassault Systemes SE |
97,645 | 5,119,205 | ||||||
| Kering S.A. |
53,013 | 37,704,221 | ||||||
| LVMH Moet Hennessy Louis Vuitton SE |
94,731 | 67,738,733 | ||||||
|
|
|
|||||||
| 155,552,532 | ||||||||
|
|
|
|||||||
| Germany—2.4% | ||||||||
| SAP SE |
263,358 | 35,678,066 | ||||||
|
|
|
|||||||
| India—4.6% | ||||||||
| DLF, Ltd. |
7,704,616 | 42,664,242 | ||||||
| ICICI Bank, Ltd. (ADR) (b) |
1,303,665 | 24,600,158 | ||||||
|
|
|
|||||||
| 67,264,400 | ||||||||
|
|
|
|||||||
| Italy—0.3% | ||||||||
| Brunello Cucinelli S.p.A. (a) |
84,664 | 4,643,699 | ||||||
|
|
|
|||||||
| Japan—12.7% | ||||||||
| Capcom Co., Ltd. |
73,000 | 2,027,611 | ||||||
| FANUC Corp. |
47,300 | 10,354,611 | ||||||
| Keyence Corp. |
71,800 | 43,021,490 | ||||||
| Murata Manufacturing Co., Ltd. |
474,200 | 42,210,823 | ||||||
| Nidec Corp. |
418,300 | 46,404,204 | ||||||
| Omron Corp. (b) |
246,000 | 24,382,900 | ||||||
| TDK Corp. |
521,400 | 18,836,731 | ||||||
|
|
|
|||||||
| 187,238,370 | ||||||||
|
|
|
|||||||
| Netherlands—0.9% | ||||||||
| ASML Holding NV |
13,917 | 10,266,185 | ||||||
| uniQure NV (a) |
113,003 | 3,617,226 | ||||||
|
|
|
|||||||
| 13,883,411 | ||||||||
|
|
|
|||||||
| Spain—0.6% | ||||||||
| Industria de Diseno Textil S.A |
238,505 | 8,677,412 | ||||||
|
|
|
|||||||
| Sweden—3.2% | ||||||||
| Assa Abloy AB - Class B |
701,037 | 20,326,717 | ||||||
| Atlas Copco AB - A Shares |
437,923 | 26,564,544 | ||||||
|
|
|
|||||||
| 46,891,261 | ||||||||
|
|
|
|||||||
| Switzerland—1.1% | ||||||||
| Lonza Group AG |
10,716 | 8,028,330 | ||||||
| Zur Rose Group AG (a) |
18,927 | 7,511,600 | ||||||
|
|
|
|||||||
| 15,539,930 | ||||||||
|
|
|
|||||||
| United Kingdom—2.1% | ||||||||
| Farfetch, Ltd. - Class A (a) |
402,164 | 15,073,107 | ||||||
| Prudential plc |
846,118 | 16,425,404 | ||||||
|
|
|
|||||||
| 31,498,511 | ||||||||
|
|
|
|||||||
| United States—56.6% | ||||||||
| Adobe, Inc. (a) |
113,555 | 65,375,885 | ||||||
| Agilent Technologies, Inc. |
203,325 | 32,029,787 | ||||||
| Alphabet, Inc. - Class A (a) |
57,851 | 154,665,806 | ||||||
| Amazon.com, Inc. (a) |
4,018 | 13,199,291 | ||||||
| Analog Devices, Inc. |
287,413 | 48,135,929 | ||||||
| Avantor, Inc. (a) (b) |
643,293 | 26,310,684 | ||||||
| Boston Scientific Corp. (a) |
183,483 | 7,961,327 | ||||||
| Castle Biosciences, Inc. (a) (b) |
44,550 | 2,962,575 | ||||||
| Charles River Laboratories International, Inc. (a) |
20,640 | 8,517,509 | ||||||
| Danaher Corp. |
15,123 | 4,604,046 | ||||||
| Dun & Bradstreet Holdings, Inc. (a) (b) |
109,845 | 1,846,494 | ||||||
| Equifax, Inc. |
114,752 | 29,080,452 | ||||||
| Facebook, Inc. - Class A (a) |
224,532 | 76,203,915 | ||||||
| Fidelity National Information Services, Inc. |
128,050 | 15,581,124 | ||||||
| Illumina, Inc. (a) |
24,493 | 9,934,606 | ||||||
| Intuit, Inc. |
151,663 | 81,823,705 | ||||||
| Intuitive Surgical, Inc. (a) |
7,351 | 7,307,997 | ||||||
| IQVIA Holdings, Inc. (a) |
39,031 | 9,349,486 | ||||||
| Marriott International, Inc. - Class A (a) |
13,700 | 2,028,833 | ||||||
| Microsoft Corp. |
53,568 | 15,101,891 | ||||||
| Natera, Inc. (a) |
40,151 | 4,474,427 | ||||||
| NVIDIA Corp. |
20,900 | 4,329,644 | ||||||
| Omnicell, Inc. (a) (b) |
24,207 | 3,593,045 | ||||||
| PayPal Holdings, Inc. (a) |
141,987 | 36,946,437 | ||||||
| Pegasystems, Inc. (b) |
64,699 | 8,223,243 | ||||||
| Phathom Pharmaceuticals, Inc. (a) (b) |
123,025 | 3,949,103 | ||||||
| Qualtrics International, Inc. - Class A (a) (b) |
84,508 | 3,611,872 | ||||||
| S&P Global, Inc. |
166,415 | 70,708,069 | ||||||
| Splunk, Inc. (a) (b) |
32,150 | 4,652,427 | ||||||
| United Parcel Service, Inc. - Class B |
159,402 | 29,027,104 | ||||||
| Veracyte, Inc. (a) (b) |
181,510 | 8,431,139 | ||||||
| Visa, Inc. - Class A |
73,462 | 16,363,660 | ||||||
| Walt Disney Co. (The) (a) |
158,511 | 26,815,306 | ||||||
|
|
|
|||||||
| 833,146,818 | ||||||||
|
|
|
|||||||
| Total Common Stocks |
1,465,956,898 | |||||||
|
|
|
|||||||
BHFTI-174
Brighthouse Funds Trust I
Invesco Global Equity Portfolio
Schedule of Investments as of September 30, 2021 (Unaudited)
Short-Term Investment—0.4%
| Security Description | Principal |
Value | ||||||
| Repurchase Agreement—0.4% | ||||||||
| Fixed Income Clearing Corp. |
5,699,824 | $ | 5,699,824 | |||||
|
|
|
|||||||
| Total Short-Term Investments |
5,699,824 | |||||||
|
|
|
|||||||
| Securities Lending Reinvestments(c)—2.8% |
| |||||||
| Certificate of Deposit—0.1% | ||||||||
| Royal Bank of Canada New York |
1,000,000 | 1,000,011 | ||||||
|
|
|
|||||||
| Repurchase Agreements—2.1% | ||||||||
| Barclays Bank plc |
4,000,000 | 4,000,000 | ||||||
| Barclays Capital, Inc. |
2,831,782 | 2,831,782 | ||||||
| CF Secured LLC |
5,000,000 | 5,000,000 | ||||||
| Citigroup Global Markets, Inc. |
3,000,000 | 3,000,000 | ||||||
| Deutsche Bank AG, London |
300,000 | 300,000 | ||||||
| ING Financial Markets LLC |
5,000,000 | 5,000,000 | ||||||
| Repurchase Agreements—(Continued) | ||||||||
| National Bank of Canada |
4,000,000 | 4,000,000 | ||||||
| NBC Global Finance, Ltd. |
||||||||
| Repurchase Agreement dated 09/30/21 at 0.235%, due on 10/07/21 with a maturity value of $1,800,082; collateralized by U.S. Treasury Obligations with rates ranging from 0.095% - 2.250%, maturity dates ranging from 07/31/22 - 11/15/27, and various Common Stock with an aggregate market value of $1,998,056. |
1,800,000 | 1,800,000 | ||||||
| Repurchase Agreement dated 09/30/21 at 0.250%, due on 10/07/21 with a maturity value of $100,005; collateralized by U.S. Treasury Obligations with rates ranging from 0.095% - 2.000%, maturity dates ranging from 07/31/22 - 02/15/50, and various Common Stock with an aggregate market value of $111,062. |
100,000 | 100,000 | ||||||
| Societe Generale |
||||||||
| Repurchase Agreement dated 09/30/21 at 0.050%, due on 10/01/21 with a maturity value of $1,900,003; collateralized by U.S. Treasury Obligations with rates ranging from 0.000% - 6.750%, maturity dates ranging from 10/21/21 - 02/15/49, and an aggregate market value of $1,938,097. |
1,900,000 | 1,900,000 | ||||||
| Repurchase Agreement dated 09/30/21 at 0.200%, due on 10/07/21 with a maturity value of $2,630,324; collateralized by various Common Stock with an aggregate market value of $2,922,527. |
2,630,222 | 2,630,222 | ||||||
|
|
|
|||||||
| 30,562,004 | ||||||||
|
|
|
|||||||
| Time Deposits—0.1% | ||||||||
| Landesbank Baden-Wuettertemberg (London) |
300,000 | 300,000 | ||||||
| National Bank of Canada |
1,000,000 | 1,000,000 | ||||||
| Skandi New York 0.050%, 10/01/21 |
1,000,000 | 1,000,000 | ||||||
|
|
|
|||||||
| 2,300,000 | ||||||||
|
|
|
|||||||
| Mutual Funds—0.5% | ||||||||
| BlackRock Liquidity Funds FedFund, Institutional Shares |
2,000,000 | 2,000,000 | ||||||
| Wells Fargo Government Money Market Fund, Select Class |
5,000,000 | 5,000,000 | ||||||
|
|
|
|||||||
| 7,000,000 | ||||||||
|
|
|
|||||||
| Total Securities Lending Reinvestments |
40,862,015 | |||||||
|
|
|
|||||||
| Total Investments—102.8% |
1,512,518,737 | |||||||
| Other assets and liabilities (net)—(2.8)% |
(40,578,681 | ) | ||||||
|
|
|
|||||||
| Net Assets—100.0% | $ | 1,471,940,056 | ||||||
|
|
|
|||||||
BHFTI-175
Brighthouse Funds Trust I
Invesco Global Equity Portfolio
Schedule of Investments as of September 30, 2021 (Unaudited)
| * | Principal amount stated in U.S. dollars unless otherwise noted. | |||
| (a) | Non-income producing security. | |||
| (b) | All or a portion of the security was held on loan. As of September 30, 2021, the market value of securities loaned was $39,436,545 and the collateral received consisted of cash in the amount of $40,862,004. The cash collateral investments are disclosed in the Schedule of Investments and categorized as Securities Lending Reinvestments. | |||
| (c) | Represents investment of cash collateral received from securities on loan as of September 30, 2021. | |||
| (d) | Variable or floating rate security. The stated rate represents the rate at September 30, 2021. Maturity date shown for callable securities reflects the earliest possible call date. For securities based on a published reference index and spread, the index and spread are indicated in the description above. For certain variable rate securities, the coupon rate is determined by the issuer/agent based on current market conditions. For certain asset- and mortgage-backed securities, the coupon rate may fluctuate based on changes of the underlying collateral or prepayments of principal. These securities do not indicate a reference index and spread in their description above. | |||
| (e) | The rate shown represents the annualized seven-day yield as of September 30, 2021. | |||
| Ten Largest Industries as of |
% of |
|||
| Interactive Media & Services |
15.7 | |||
| Software |
14.9 | |||
| Electronic Equipment, Instruments & Components |
8.7 | |||
| Textiles, Apparel & Luxury Goods |
7.5 | |||
| Life Sciences Tools & Services |
6.4 | |||
| Internet & Direct Marketing Retail |
5.7 | |||
| IT Services |
5.2 | |||
| Capital Markets |
4.8 | |||
| Semiconductors & Semiconductor Equipment |
4.3 | |||
| Electrical Equipment |
3.2 | |||
Glossary of Abbreviations
Index Abbreviations
| (LIBOR)— | London Interbank Offered Rate | |||
| (OBFR)— | U.S. Overnight Bank Funding Rate | |||
Other Abbreviations
| (ADR)— | American Depositary Receipt | |||
BHFTI-176
Brighthouse Funds Trust I
Invesco Global Equity Portfolio
Schedule of Investments as of September 30, 2021 (Unaudited)
Fair Value Hierarchy
Accounting principles generally accepted in the United States of America (“GAAP”) define fair market value as the price that the Portfolio would receive to sell an asset or pay to transfer a liability in an orderly transaction between market participants at the measurement date. It establishes a fair value hierarchy that prioritizes inputs to valuation methods and requires disclosure of the fair value hierarchy, separately for each major category of assets and liabilities, that segregates fair value measurements into three levels. Levels 1, 2 and 3 of the fair value hierarchy are defined as follows:
Level 1 - unadjusted quoted prices in active markets for identical investments
Level 2 - other significant observable inputs (including, but not limited to, quoted prices for similar assets or liabilities in markets that are either active or inactive; inputs other than quoted prices that are observable such as interest rates, yield curves, volatilities, prepayment speeds, loss severities, credit risks, default rates, or other market corroborated inputs)
Level 3 - significant unobservable inputs based on the best information available in the circumstances, to the extent observable inputs are unavailable (including the Portfolio’s own assumptions used in determining the fair value of investments and derivative financial instruments)
The inputs or methodologies used for valuing investments are not necessarily an indication of the risk associated with investing in them. Changes to the inputs or methodologies used may result in transfers between levels. A reconciliation of Level 3 securities, if any, will be disclosed following the fair value hierarchy table. For more information about the Portfolio’s policy regarding the valuation of investments, please refer to the Notes to Schedule of Investments.
The following table summarizes the fair value hierarchy of the Portfolio’s investments as of September 30, 2021:
| Description | Level 1 | Level 2 | Level 3 | Total | ||||||||||||
| Common Stocks |
| |||||||||||||||
| Brazil |
$ | 7,216,899 | $ | — | $ | — | $ | 7,216,899 | ||||||||
| China |
50,227,605 | 4,733,967 | — | 54,961,572 | ||||||||||||
| Denmark |
— | 3,764,017 | — | 3,764,017 | ||||||||||||
| France |
— | 155,552,532 | — | 155,552,532 | ||||||||||||
| Germany |
— | 35,678,066 | — | 35,678,066 | ||||||||||||
| India |
24,600,158 | 42,664,242 | — | 67,264,400 | ||||||||||||
| Italy |
— | 4,643,699 | — | 4,643,699 | ||||||||||||
| Japan |
— | 187,238,370 | — | 187,238,370 | ||||||||||||
| Netherlands |
3,617,226 | 10,266,185 | — | 13,883,411 | ||||||||||||
| Spain |
— | 8,677,412 | — | 8,677,412 | ||||||||||||
| Sweden |
— | 46,891,261 | — | 46,891,261 | ||||||||||||
| Switzerland |
— | 15,539,930 | — | 15,539,930 | ||||||||||||
| United Kingdom |
15,073,107 | 16,425,404 | — | 31,498,511 | ||||||||||||
| United States |
833,146,818 | — | — | 833,146,818 | ||||||||||||
| Total Common Stocks |
933,881,813 | 532,075,085 | — | 1,465,956,898 | ||||||||||||
| Total Short-Term Investment* |
— | 5,699,824 | — | 5,699,824 | ||||||||||||
| Securities Lending Reinvestments |
| |||||||||||||||
| Certificate of Deposit |
— | 1,000,011 | — | 1,000,011 | ||||||||||||
| Repurchase Agreements |
— | 30,562,004 | — | 30,562,004 | ||||||||||||
| Time Deposits |
— | 2,300,000 | — | 2,300,000 | ||||||||||||
| Mutual Funds |
7,000,000 | — | — | 7,000,000 | ||||||||||||
| Total Securities Lending Reinvestments |
7,000,000 | 33,862,015 | — | 40,862,015 | ||||||||||||
| Total Investments |
$ | 940,881,813 | $ | 571,636,924 | $ | — | $ | 1,512,518,737 | ||||||||
| Collateral for Securities Loaned (Liability) |
$ | — | $ | (40,862,004 | ) | $ | — | $ | (40,862,004 | ) | ||||||
| * | See Schedule of Investments for additional detailed categorizations. | |||
BHFTI-177
Brighthouse Funds Trust I
Invesco Small Cap Growth Portfolio
Schedule of Investments as of September 30, 2021 (Unaudited)
Common Stocks—98.5% of Net Assets
| Security Description | Shares | Value | ||||||
| Air Freight & Logistics—0.6% | ||||||||
| GXO Logistics, Inc. (a) |
103,395 | $ | 8,110,304 | |||||
|
|
|
|||||||
| Auto Components—1.5% | ||||||||
| Fox Factory Holding Corp. (a) |
83,368 | 12,050,011 | ||||||
| Visteon Corp. (a) (b) |
72,723 | 6,864,324 | ||||||
|
|
|
|||||||
| 18,914,335 | ||||||||
|
|
|
|||||||
| Automobiles—0.6% | ||||||||
| Harley-Davidson, Inc. |
203,984 | 7,467,854 | ||||||
|
|
|
|||||||
| Biotechnology—9.8% | ||||||||
| Abcam plc (a) |
357,506 | 7,109,565 | ||||||
| ALX Oncology Holdings, Inc. (a) |
73,085 | 5,398,058 | ||||||
| Ascendis Pharma A/S (ADR) (a) |
53,830 | 8,579,964 | ||||||
| CareDx, Inc. (a) |
259,075 | 16,417,583 | ||||||
| ChemoCentryx, Inc. (a) (b) |
147,918 | 2,529,398 | ||||||
| Halozyme Therapeutics, Inc. (a) |
322,346 | 13,113,035 | ||||||
| Intellia Therapeutics, Inc. (a) |
86,786 | 11,642,342 | ||||||
| Iovance Biotherapeutics, Inc. (a) (b) |
132,074 | 3,256,945 | ||||||
| Kodiak Sciences, Inc. (a) (b) |
79,028 | 7,585,107 | ||||||
| Mirati Therapeutics, Inc. (a) |
40,802 | 7,218,282 | ||||||
| Natera, Inc. (a) |
169,668 | 18,907,802 | ||||||
| TG Therapeutics, Inc. (a) (b) |
202,007 | 6,722,793 | ||||||
| Twist Bioscience Corp. (a) (b) |
149,154 | 15,955,003 | ||||||
|
|
|
|||||||
| 124,435,877 | ||||||||
|
|
|
|||||||
| Building Products—2.8% | ||||||||
| Builders FirstSource, Inc. (a) |
361,033 | 18,679,847 | ||||||
| Simpson Manufacturing Co., Inc. (b) |
67,304 | 7,199,509 | ||||||
| Trex Co., Inc. (a) (b) |
100,565 | 10,250,591 | ||||||
|
|
|
|||||||
| 36,129,947 | ||||||||
|
|
|
|||||||
| Capital Markets—2.2% | ||||||||
| LPL Financial Holdings, Inc. |
107,456 | 16,844,803 | ||||||
| Morningstar, Inc. |
40,744 | 10,553,918 | ||||||
|
|
|
|||||||
| 27,398,721 | ||||||||
|
|
|
|||||||
| Chemicals—2.1% | ||||||||
| Axalta Coating Systems, Ltd. (a) |
260,643 | 7,608,169 | ||||||
| Danimer Scientific, Inc. (a) (b) |
406,014 | 6,634,269 | ||||||
| Element Solutions, Inc. |
574,959 | 12,465,111 | ||||||
|
|
|
|||||||
| 26,707,549 | ||||||||
|
|
|
|||||||
| Commercial Services & Supplies—1.5% | ||||||||
| Clean Harbors, Inc. (a) |
112,109 | 11,644,762 | ||||||
| IAA, Inc. (a) |
129,413 | 7,062,067 | ||||||
|
|
|
|||||||
| 18,706,829 | ||||||||
|
|
|
|||||||
| Construction & Engineering—2.4% | ||||||||
| AECOM (a) |
166,872 | 10,537,967 | ||||||
| Construction Partners, Inc. - Class A (a) (b) |
283,784 | 9,469,872 | ||||||
| Valmont Industries, Inc. |
46,862 | 11,018,193 | ||||||
|
|
|
|||||||
| 31,026,032 | ||||||||
|
|
|
|||||||
| Construction Materials—0.6% | ||||||||
| Eagle Materials, Inc. |
63,104 | 8,276,721 | ||||||
|
|
|
|||||||
| Consumer Finance—0.3% | ||||||||
| LendingTree, Inc. (a) |
23,908 | 3,343,056 | ||||||
|
|
|
|||||||
| Distributors—0.8% | ||||||||
| Pool Corp. |
22,836 | 9,920,187 | ||||||
|
|
|
|||||||
| Diversified Telecommunication Services—0.8% | ||||||||
| Iridium Communications, Inc. (a) |
262,706 | 10,468,834 | ||||||
|
|
|
|||||||
| Electrical Equipment—2.2% | ||||||||
| Shoals Technologies Group, Inc. - Class A (a) |
267,833 | 7,467,184 | ||||||
| Stem, Inc. (a) (b) |
269,143 | 6,429,826 | ||||||
| Vicor Corp. (a) (b) |
106,535 | 14,292,736 | ||||||
|
|
|
|||||||
| 28,189,746 | ||||||||
|
|
|
|||||||
| Electronic Equipment, Instruments & Components—2.2% | ||||||||
| Fabrinet (a) |
93,096 | 9,543,271 | ||||||
| II-VI, Inc. (a) (b) |
137,219 | 8,145,320 | ||||||
| Littelfuse, Inc. |
39,019 | 10,662,722 | ||||||
|
|
|
|||||||
| 28,351,313 | ||||||||
|
|
|
|||||||
| Equity Real Estate Investment Trusts—0.6% | ||||||||
| EastGroup Properties, Inc. |
49,472 | 8,243,519 | ||||||
|
|
|
|||||||
| Food & Staples Retailing—0.7% | ||||||||
| Performance Food Group Co. (a) |
183,514 | 8,526,060 | ||||||
|
|
|
|||||||
| Health Care Equipment & Supplies—7.4% | ||||||||
| AtriCure, Inc. (a) |
166,715 | 11,595,028 | ||||||
| CONMED Corp. (b) |
76,757 | 10,042,119 | ||||||
| CryoPort, Inc. (a) (b) |
190,628 | 12,678,668 | ||||||
| Inari Medical, Inc. (a) |
123,337 | 10,002,631 | ||||||
| Insulet Corp. (a) |
35,466 | 10,080,501 | ||||||
| iRhythm Technologies, Inc. (a) |
59,025 | 3,456,504 | ||||||
| Masimo Corp. (a) |
39,820 | 10,779,672 | ||||||
| Mesa Laboratories, Inc. (b) |
25,442 | 7,692,643 | ||||||
| Nevro Corp. (a) (b) |
58,208 | 6,774,247 | ||||||
| Tandem Diabetes Care, Inc. (a) |
90,563 | 10,811,411 | ||||||
|
|
|
|||||||
| 93,913,424 | ||||||||
|
|
|
|||||||
| Health Care Providers & Services—1.0% | ||||||||
| Amedisys, Inc. (a) |
37,830 | 5,640,453 | ||||||
| LHC Group, Inc. (a) |
46,418 | 7,283,448 | ||||||
|
|
|
|||||||
| 12,923,901 | ||||||||
|
|
|
|||||||
| Health Care Technology—0.6% | ||||||||
| Schrodinger, Inc. (a) (b) |
131,219 | 7,175,055 | ||||||
|
|
|
|||||||
| Hotels, Restaurants & Leisure—5.0% | ||||||||
| Caesars Entertainment, Inc. (a) |
105,026 | 11,792,319 | ||||||
| Marriott Vacations Worldwide Corp. |
68,973 | 10,851,522 | ||||||
| Penn National Gaming, Inc. (a) (b) |
142,863 | 10,351,853 | ||||||
| Planet Fitness, Inc. - Class A (a) |
124,886 | 9,809,795 | ||||||
BHFTI-178
Brighthouse Funds Trust I
Invesco Small Cap Growth Portfolio
Schedule of Investments as of September 30, 2021 (Unaudited)
Common Stocks—(Continued)
| Security Description | Shares | Value | ||||||
| Hotels, Restaurants & Leisure—(Continued) | ||||||||
| Texas Roadhouse, Inc. |
105,989 | $ | 9,679,976 | |||||
| Wingstop, Inc. (b) |
65,415 | 10,723,481 | ||||||
|
|
|
|||||||
| 63,208,946 | ||||||||
| Household Durables—1.3% | ||||||||
| Installed Building Products, Inc. |
85,244 | 9,133,895 | ||||||
| Sonos, Inc. (a) |
247,239 | 8,000,654 | ||||||
|
|
|
|||||||
| 17,134,549 | ||||||||
|
|
|
|||||||
| Insurance—0.7% | ||||||||
| BRP Group, Inc. - Class A (a) |
278,299 | 9,264,574 | ||||||
|
|
|
|||||||
| Internet & Direct Marketing Retail—1.9% | ||||||||
| Overstock.com, Inc. (a) (b) |
174,671 | 13,610,364 | ||||||
| Shutterstock, Inc. |
95,538 | 10,826,366 | ||||||
|
|
|
|||||||
| 24,436,730 | ||||||||
|
|
|
|||||||
| IT Services—0.7% | ||||||||
| BigCommerce Holdings, Inc. (a) (b) |
83,491 | 4,227,984 | ||||||
| Flywire Corp. (a) (b) |
116,758 | 5,118,671 | ||||||
|
|
|
|||||||
| 9,346,655 | ||||||||
|
|
|
|||||||
| Life Sciences Tools & Services—6.7% | ||||||||
| Adaptive Biotechnologies Corp. (a) (b) |
131,949 | 4,484,947 | ||||||
| Berkeley Lights, Inc. (a) (b) |
210,050 | 4,108,578 | ||||||
| Bruker Corp. |
114,320 | 8,928,392 | ||||||
| Maravai LifeSciences Holdings, Inc. - Class A (a) |
163,143 | 8,007,058 | ||||||
| NanoString Technologies, Inc. (a) (b) |
158,102 | 7,590,477 | ||||||
| NeoGenomics, Inc. (a) (b) |
227,854 | 10,991,677 | ||||||
| Repligen Corp. (a) |
90,289 | 26,092,618 | ||||||
| Syneos Health, Inc. (a) |
164,493 | 14,389,848 | ||||||
|
|
|
|||||||
| 84,593,595 | ||||||||
|
|
|
|||||||
| Machinery—4.9% | ||||||||
| Evoqua Water Technologies Corp. (a) |
340,002 | 12,770,475 | ||||||
| Kennametal, Inc. (b) |
231,649 | 7,929,345 | ||||||
| Kornit Digital, Ltd. (a) |
121,139 | 17,533,659 | ||||||
| Nordson Corp. |
37,283 | 8,878,946 | ||||||
| Terex Corp. (b) |
186,436 | 7,848,956 | ||||||
| Timken Co. (The) |
117,375 | 7,678,673 | ||||||
|
|
|
|||||||
| 62,640,054 | ||||||||
|
|
|
|||||||
| Metals & Mining—0.9% | ||||||||
| Cleveland-Cliffs, Inc. (a) (b) |
567,878 | 11,249,663 | ||||||
|
|
|
|||||||
| Personal Products—0.8% | ||||||||
| Beauty Health Co. (The) (a) (b) |
391,645 | 10,171,021 | ||||||
|
|
|
|||||||
| Pharmaceuticals—0.4% | ||||||||
| Arvinas, Inc. (a) |
66,324 | 5,450,506 | ||||||
|
|
|
|||||||
| Professional Services—1.3% | ||||||||
| ASGN, Inc. (a) |
94,834 | 10,729,519 | ||||||
| Clarivate plc (a) |
250,728 | 5,490,943 | ||||||
|
|
|
|||||||
| 16,220,462 | ||||||||
|
|
|
|||||||
| Road & Rail—2.3% | ||||||||
| Knight-Swift Transportation Holdings, Inc. (b) |
96,492 | 4,935,566 | ||||||
| Lyft, Inc. - Class A (a) (b) |
210,573 | 11,284,607 | ||||||
| Saia, Inc. (a) |
53,871 | 12,822,914 | ||||||
|
|
|
|||||||
| 29,043,087 | ||||||||
|
|
|
|||||||
| Semiconductors & Semiconductor Equipment—8.2% | ||||||||
| Allegro MicroSystems, Inc. (a) |
354,257 | 11,322,054 | ||||||
| Ambarella, Inc. (a) |
83,511 | 13,006,003 | ||||||
| Lattice Semiconductor Corp. (a) |
352,688 | 22,801,279 | ||||||
| MACOM Technology Solutions Holdings, Inc. (a) |
165,180 | 10,715,226 | ||||||
| MKS Instruments, Inc. |
48,581 | 7,331,359 | ||||||
| Power Integrations, Inc. |
128,138 | 12,684,381 | ||||||
| Semtech Corp. (a) |
163,412 | 12,741,234 | ||||||
| Silicon Laboratories, Inc. (a) |
93,635 | 13,123,881 | ||||||
|
|
|
|||||||
| 103,725,417 | ||||||||
|
|
|
|||||||
| Software—16.6% | ||||||||
| Altair Engineering, Inc. - Class A (a) (b) |
146,141 | 10,074,961 | ||||||
| Anaplan, Inc. (a) |
131,390 | 8,000,337 | ||||||
| Avalara, Inc. (a) |
60,470 | 10,568,342 | ||||||
| Bill.com Holdings, Inc. (a) |
66,923 | 17,865,095 | ||||||
| Black Knight, Inc. (a) |
68,561 | 4,936,392 | ||||||
| Blackline, Inc. (a) |
123,396 | 14,568,132 | ||||||
| Cerence, Inc. (a) (b) |
84,675 | 8,138,114 | ||||||
| Duck Creek Technologies, Inc. (a) |
216,604 | 9,582,561 | ||||||
| Everbridge, Inc. (a) |
71,646 | 10,821,412 | ||||||
| Five9, Inc. (a) |
65,380 | 10,443,801 | ||||||
| Guidewire Software, Inc. (a) (b) |
89,295 | 10,614,497 | ||||||
| KnowBe4, Inc. - Class A (a) (b) |
135,988 | 2,986,296 | ||||||
| LivePerson, Inc. (a) (b) |
170,169 | 10,031,463 | ||||||
| Pegasystems, Inc. (b) |
87,573 | 11,130,528 | ||||||
| Q2 Holdings, Inc. (a) |
148,268 | 11,882,198 | ||||||
| Qualys, Inc. (a) (b) |
85,783 | 9,546,790 | ||||||
| Rapid7, Inc. (a) (b) |
89,362 | 10,099,693 | ||||||
| Smartsheet, Inc. - Class A (a) |
137,198 | 9,441,966 | ||||||
| Sprout Social, Inc. - Class A (a) |
78,510 | 9,574,294 | ||||||
| Workiva, Inc. (a) |
74,691 | 10,528,443 | ||||||
| Zendesk, Inc. (a) |
82,887 | 9,647,218 | ||||||
|
|
|
|||||||
| 210,482,533 | ||||||||
|
|
|
|||||||
| Special Purpose Acquisition Companies—0.4% | ||||||||
| VPC Impact Acquisition Holdings - Class A (a) (b) |
521,281 | 5,270,151 | ||||||
|
|
|
|||||||
| Specialty Retail—3.2% | ||||||||
| Five Below, Inc. (a) |
46,937 | 8,298,931 | ||||||
| Floor & Decor Holdings, Inc. - Class A (a) |
108,689 | 13,128,544 | ||||||
| National Vision Holdings, Inc. (a) (b) |
174,201 | 9,889,391 | ||||||
| RH (a) |
14,275 | 9,520,140 | ||||||
|
|
|
|||||||
| 40,837,006 | ||||||||
|
|
|
|||||||
| Textiles, Apparel & Luxury Goods—0.7% | ||||||||
| Kontoor Brands, Inc. (b) |
177,821 | 8,882,159 | ||||||
|
|
|
|||||||
| Trading Companies & Distributors—1.8% | ||||||||
| SiteOne Landscape Supply, Inc. (a) (b) |
63,305 | 12,627,449 | ||||||
BHFTI-179
Brighthouse Funds Trust I
Invesco Small Cap Growth Portfolio
Schedule of Investments as of September 30, 2021 (Unaudited)
Common Stocks—(Continued)
| Security Description | Shares/ Principal Amount* |
Value | ||||||
| Trading Companies & Distributors—(Continued) | ||||||||
| WESCO International, Inc. (a) |
85,104 | $ | 9,814,193 | |||||
|
|
|
|||||||
| 22,441,642 | ||||||||
|
|
|
|||||||
| Total Common Stocks |
1,252,628,014 | |||||||
|
|
|
|||||||
| Short-Term Investment—1.7% | ||||||||
| Repurchase Agreement—1.7% | ||||||||
| Fixed Income Clearing Corp. |
21,256,317 | 21,256,317 | ||||||
|
|
|
|||||||
| Total Short-Term Investments |
21,256,317 | |||||||
|
|
|
|||||||
| Securities Lending Reinvestments (c)—10.5% |
| |||||||
| Certificates of Deposit—4.2% | ||||||||
| Bank of Montreal (Chicago) |
2,000,000 | 1,999,964 | ||||||
| Barclays Bank plc |
5,000,000 | 5,002,885 | ||||||
| Cooperatieve Rabobank UA | ||||||||
| 0.159%, 3M LIBOR + 0.040%, 01/11/22 (d) |
5,000,000 | 5,000,700 | ||||||
| 0.170%, 03/18/22 |
1,000,000 | 1,000,000 | ||||||
| Credit Industriel et Commercial | ||||||||
| Zero Coupon, 10/12/21 |
4,000,000 | 3,999,840 | ||||||
| Goldman Sachs Bank USA |
5,000,000 | 5,000,350 | ||||||
| Mitsubishi UFJ Trust and Banking Corp. (London) | ||||||||
| Zero Coupon, 11/15/21 |
1,000,000 | 999,840 | ||||||
| Mizuho Bank, Ltd. |
5,000,000 | 4,999,755 | ||||||
| MUFG Bank Ltd. |
3,000,000 | 3,000,084 | ||||||
| Natixis S.A. (New York) |
2,000,000 | 2,000,306 | ||||||
| Oversea-Chinese Banking Corp., Ltd. |
5,000,000 | 5,000,270 | ||||||
| Societe Generale |
2,000,000 | 1,999,908 | ||||||
| Standard Chartered Bank (NY) | ||||||||
| 0.150%, 02/02/22 |
3,000,000 | 3,000,000 | ||||||
| 0.170%, 03/28/22 |
4,000,000 | 4,000,000 | ||||||
| Sumitomo Mitsui Banking Corp. |
2,000,000 | 2,000,048 | ||||||
| Sumitomo Mitsui Trust Bank (London) | ||||||||
| Zero Coupon, 10/15/21 |
2,000,000 | 1,999,900 | ||||||
| Sumitomo Mitsui Trust Bank, Ltd. | ||||||||
| Zero Coupon, 02/10/22 |
1,000,000 | 999,440 | ||||||
| 0.060%, 10/05/21 |
2,000,000 | 1,999,988 | ||||||
|
|
|
|||||||
| 54,003,278 | ||||||||
|
|
|
|||||||
| Commercial Paper—0.6% | ||||||||
| Antalis S.A. |
3,000,000 | 2,999,838 | ||||||
| UBS AG |
4,000,000 | 3,996,290 | ||||||
|
|
|
|||||||
| 6,996,128 | ||||||||
|
|
|
|||||||
| Repurchase Agreements—3.7% | ||||||||
| Barclays Bank plc |
2,000,000 | 2,000,000 | ||||||
| Repurchase Agreement dated 09/30/21 at 0.350%, due on 11/04/21 with a maturity value of $3,001,021; collateralized by various Common Stock with an aggregate market value of $3,334,014. |
3,000,000 | 3,000,000 | ||||||
| Barclays Capital, Inc. |
4,567,577 | 4,567,577 | ||||||
| BofA Securities, Inc. |
8,000,000 | 8,000,000 | ||||||
| Cantor Fitzgerald & Co. |
2,000,000 | 2,000,000 | ||||||
| Citigroup Global Markets, Inc. |
5,000,000 | 5,000,000 | ||||||
| Deutsche Bank AG, London |
800,000 | 800,000 | ||||||
BHFTI-180
Brighthouse Funds Trust I
Invesco Small Cap Growth Portfolio
Schedule of Investments as of September 30, 2021 (Unaudited)
Securities Lending Reinvestments (c)—(Continued)
| Security Description | Principal Amount* |
Value | ||||||
| Repurchase Agreements—(Continued) | ||||||||
| National Bank of Canada |
10,000,000 | $ | 10,000,000 | |||||
| NBC Global Finance, Ltd. |
1,200,000 | 1,200,000 | ||||||
| Repurchase Agreement dated 09/30/21 at 0.250%, due on 10/07/21 with a maturity value of $3,500,170; collateralized by U.S. Treasury Obligations with rates ranging from 0.095% - 2.000%, maturity dates ranging from 07/31/22 - 02/15/50, and various Common Stock with an aggregate market value of $3,887,164. |
3,500,000 | 3,500,000 | ||||||
| Societe Generale |
2,000,000 | 2,000,000 | ||||||
| Repurchase Agreement dated 09/30/21 at 0.200%, due on 10/07/21 with a maturity value of $4,715,631; collateralized by various Common Stock with an aggregate market value of $5,239,490. |
4,715,447 | 4,715,447 | ||||||
|
|
|
|||||||
| 46,783,024 | ||||||||
|
|
|
|||||||
| Time Deposits—0.8% | ||||||||
| First Abu Dhabi Bank USA NV |
2,000,000 | 2,000,000 | ||||||
| Landesbank Baden-Wuettertemberg (London) |
1,300,000 | 1,300,000 | ||||||
| National Bank of Canada |
5,000,000 | 5,000,000 | ||||||
| Skandi New York |
2,000,000 | 2,000,000 | ||||||
|
|
|
|||||||
| 10,300,000 | ||||||||
|
|
|
|||||||
| Security Description | Shares |
Value | ||||||
| Mutual Funds—1.2% | ||||||||
| BlackRock Liquidity Funds FedFund, Institutional Shares |
5,000,000 | 5,000,000 | ||||||
| Goldman Sachs Financial Square Government Fund, Institutional Shares 0.030% (e) |
10,000,000 | 10,000,000 | ||||||
|
|
|
|||||||
| 15,000,000 | ||||||||
|
|
|
|||||||
| Total Securities Lending Reinvestments |
133,082,430 | |||||||
|
|
|
|||||||
| Total Investments—110.7% |
1,406,966,761 | |||||||
| Other assets and liabilities (net)—(10.7)% |
(135,619,761 | ) | ||||||
|
|
|
|||||||
| Net Assets—100.0% | $ | 1,271,347,000 | ||||||
|
|
|
|||||||
| * | Principal amount stated in U.S. dollars unless otherwise noted. | |||
| (a) | Non-income producing security. | |||
| (b) | All or a portion of the security was held on loan. As of September 30, 2021, the market value of securities loaned was $149,617,550 and the collateral received consisted of cash in the amount of $133,070,734 and non-cash collateral with a value of $22,343,425. The cash collateral investments are disclosed in the Schedule of Investments and categorized as Securities Lending Reinvestments. The non-cash collateral received consists of U.S. government securities that are held in safe-keeping by the lending agent, or a third-party custodian, and cannot be sold or repledged by the Portfolio. | |||
| (c) | Represents investment of cash collateral received from securities on loan as of September 30, 2021. | |||
| (d) | Variable or floating rate security. The stated rate represents the rate at September 30, 2021. Maturity date shown for callable securities reflects the earliest possible call date. For securities based on a published reference index and spread, the index and spread are indicated in the description above. For certain variable rate securities, the coupon rate is determined by the issuer/agent based on current market conditions. For certain asset- and mortgage-backed securities, the coupon rate may fluctuate based on changes of the underlying collateral or prepayments of principal. These securities do not indicate a reference index and spread in their description above. | |||
| (e) | The rate shown represents the annualized seven-day yield as of September 30, 2021. | |||
Glossary of Abbreviations
Index Abbreviations
| (BSBY)— | Bloomberg Short-Term Bank Yield Index | |||
| (LIBOR)— | London Interbank Offered Rate | |||
| (OBFR)— | U.S. Overnight Bank Funding Rate | |||
Other Abbreviations
| (ADR)— | American Depositary Receipt | |||
BHFTI-181
Brighthouse Funds Trust I
Invesco Small Cap Growth Portfolio
Schedule of Investments as of September 30, 2021 (Unaudited)
Fair Value Hierarchy
Accounting principles generally accepted in the United States of America (“GAAP”) define fair market value as the price that the Portfolio would receive to sell an asset or pay to transfer a liability in an orderly transaction between market participants at the measurement date. It establishes a fair value hierarchy that prioritizes inputs to valuation methods and requires disclosure of the fair value hierarchy, separately for each major category of assets and liabilities, that segregates fair value measurements into three levels. Levels 1, 2 and 3 of the fair value hierarchy are defined as follows:
Level 1 - unadjusted quoted prices in active markets for identical investments
Level 2 - other significant observable inputs (including, but not limited to, quoted prices for similar assets or liabilities in markets that are either active or inactive; inputs other than quoted prices that are observable such as interest rates, yield curves, volatilities, prepayment speeds, loss severities, credit risks, default rates, or other market corroborated inputs)
Level 3 - significant unobservable inputs based on the best information available in the circumstances, to the extent observable inputs are unavailable (including the Portfolio’s own assumptions used in determining the fair value of investments and derivative financial instruments)
The inputs or methodologies used for valuing investments are not necessarily an indication of the risk associated with investing in them. Changes to the inputs or methodologies used may result in transfers between levels. A reconciliation of Level 3 securities, if any, will be disclosed following the fair value hierarchy table. For more information about the Portfolio’s policy regarding the valuation of investments, please refer to the Notes to Schedule of Investments.
The following table summarizes the fair value hierarchy of the Portfolio’s investments as of September 30, 2021:
| Description | Level 1 | Level 2 | Level 3 | Total | ||||||||||||
| Common Stocks |
| |||||||||||||||
| Air Freight & Logistics |
$ | 8,110,304 | $ | — | $ | — | $ | 8,110,304 | ||||||||
| Auto Components |
18,914,335 | — | — | 18,914,335 | ||||||||||||
| Automobiles |
7,467,854 | — | — | 7,467,854 | ||||||||||||
| Biotechnology |
117,326,312 | 7,109,565 | — | 124,435,877 | ||||||||||||
| Building Products |
36,129,947 | — | — | 36,129,947 | ||||||||||||
| Capital Markets |
27,398,721 | — | — | 27,398,721 | ||||||||||||
| Chemicals |
26,707,549 | — | — | 26,707,549 | ||||||||||||
| Commercial Services & Supplies |
18,706,829 | — | — | 18,706,829 | ||||||||||||
| Construction & Engineering |
31,026,032 | — | — | 31,026,032 | ||||||||||||
| Construction Materials |
8,276,721 | — | — | 8,276,721 | ||||||||||||
| Consumer Finance |
3,343,056 | — | — | 3,343,056 | ||||||||||||
| Distributors |
9,920,187 | — | — | 9,920,187 | ||||||||||||
| Diversified Telecommunication Services |
10,468,834 | — | — | 10,468,834 | ||||||||||||
| Electrical Equipment |
28,189,746 | — | — | 28,189,746 | ||||||||||||
| Electronic Equipment, Instruments & Components |
28,351,313 | — | — | 28,351,313 | ||||||||||||
| Equity Real Estate Investment Trusts |
8,243,519 | — | — | 8,243,519 | ||||||||||||
| Food & Staples Retailing |
8,526,060 | — | — | 8,526,060 | ||||||||||||
| Health Care Equipment & Supplies |
93,913,424 | — | — | 93,913,424 | ||||||||||||
| Health Care Providers & Services |
12,923,901 | — | — | 12,923,901 | ||||||||||||
| Health Care Technology |
7,175,055 | — | — | 7,175,055 | ||||||||||||
| Hotels, Restaurants & Leisure |
63,208,946 | — | — | 63,208,946 | ||||||||||||
| Household Durables |
17,134,549 | — | — | 17,134,549 | ||||||||||||
| Insurance |
9,264,574 | — | — | 9,264,574 | ||||||||||||
| Internet & Direct Marketing Retail |
24,436,730 | — | — | 24,436,730 | ||||||||||||
| IT Services |
9,346,655 | — | — | 9,346,655 | ||||||||||||
| Life Sciences Tools & Services |
84,593,595 | — | — | 84,593,595 | ||||||||||||
| Machinery |
62,640,054 | — | — | 62,640,054 | ||||||||||||
| Metals & Mining |
11,249,663 | — | — | 11,249,663 | ||||||||||||
| Personal Products |
10,171,021 | — | — | 10,171,021 | ||||||||||||
| Pharmaceuticals |
5,450,506 | — | — | 5,450,506 | ||||||||||||
| Professional Services |
16,220,462 | — | — | 16,220,462 | ||||||||||||
| Road & Rail |
29,043,087 | — | — | 29,043,087 | ||||||||||||
| Semiconductors & Semiconductor Equipment |
103,725,417 | — | — | 103,725,417 | ||||||||||||
| Software |
210,482,533 | — | — | 210,482,533 | ||||||||||||
| Special Purpose Acquisition Companies |
5,270,151 | — | — | 5,270,151 | ||||||||||||
| Specialty Retail |
40,837,006 | — | — | 40,837,006 | ||||||||||||
| Textiles, Apparel & Luxury Goods |
8,882,159 | — | — | 8,882,159 | ||||||||||||
| Trading Companies & Distributors |
22,441,642 | — | — | 22,441,642 | ||||||||||||
| Total Common Stocks |
1,245,518,449 | 7,109,565 | — | 1,252,628,014 | ||||||||||||
| Total Short-Term Investment* |
— | 21,256,317 | — | 21,256,317 | ||||||||||||
BHFTI-182
Brighthouse Funds Trust I
Invesco Small Cap Growth Portfolio
Schedule of Investments as of September 30, 2021 (Unaudited)
Fair Value Hierarchy—(Continued)
| Description | Level 1 | Level 2 | Level 3 | Total | ||||||||||||
| Securities Lending Reinvestments | ||||||||||||||||
| Certificates of Deposit |
$ | — | $ | 54,003,278 | $ | — | $ | 54,003,278 | ||||||||
| Commercial Paper |
— | 6,996,128 | — | 6,996,128 | ||||||||||||
| Repurchase Agreements |
— | 46,783,024 | — | 46,783,024 | ||||||||||||
| Time Deposits |
— | 10,300,000 | — | 10,300,000 | ||||||||||||
| Mutual Funds |
15,000,000 | — | — | 15,000,000 | ||||||||||||
| Total Securities Lending Reinvestments |
15,000,000 | 118,082,430 | — | 133,082,430 | ||||||||||||
| Total Investments |
$ | 1,260,518,449 | $ | 146,448,312 | $ | — | $ | 1,406,966,761 | ||||||||
| Collateral for Securities Loaned (Liability) |
$ | — | $ | (133,070,734 | ) | $ | — | $ | (133,070,734 | ) | ||||||
| * | See Schedule of Investments for additional detailed categorizations. | |||
BHFTI-183
Brighthouse Funds Trust I
Schedule of Investments as of September 30, 2021 (Unaudited)
U.S. Treasury & Government Agencies—48.6% of Net Assets
| Security Description | Principal Amount* |
Value | ||||||
| Agency Sponsored Mortgage-Backed—23.9% | ||||||||
| Fannie Mae 20 Yr. Pool | ||||||||
| 4.000%, 02/01/31 |
613,431 | $ | 666,184 | |||||
| 6.000%, 07/01/28 |
132,977 | 149,153 | ||||||
| Fannie Mae 30 Yr. Pool | ||||||||
| 3.500%, 07/01/42 |
805,754 | 877,085 | ||||||
| 3.500%, 08/01/42 |
504,053 | 535,973 | ||||||
| 3.500%, 07/01/50 |
2,930,980 | 3,161,197 | ||||||
| 4.000%, 06/01/47 |
1,158,145 | 1,271,578 | ||||||
| 4.500%, 02/01/40 |
227,694 | 255,283 | ||||||
| 5.000%, 09/01/35 |
555,555 | 626,364 | ||||||
| 6.000%, 12/01/39 |
178,231 | 210,622 | ||||||
| Fannie Mae ARM Pool | ||||||||
| 0.563%, 1M LIBOR + 0.480%, 09/01/24 (a) |
3,448,165 | 3,446,755 | ||||||
| Fannie Mae Benchmark REMIC (CMO) | ||||||||
| 5.500%, 06/25/37 |
449,375 | 519,461 | ||||||
| Fannie Mae Grantor Trust | ||||||||
| 2.898%, 06/25/27 |
3,922,264 | 4,211,633 | ||||||
| Fannie Mae Pool | ||||||||
| 2.450%, 11/01/22 |
2,891,489 | 2,930,467 | ||||||
| 2.480%, 10/01/28 |
8,738,539 | 9,278,291 | ||||||
| 2.640%, 04/01/23 |
1,716,738 | 1,757,054 | ||||||
| 2.640%, 05/01/23 |
2,045,674 | 2,096,895 | ||||||
| 2.690%, 10/01/23 |
2,000,000 | 2,067,755 | ||||||
| 2.700%, 05/01/23 |
5,000,000 | 5,130,675 | ||||||
| 2.720%, 03/01/23 |
2,788,375 | 2,851,376 | ||||||
| 2.730%, 07/01/28 |
2,938,466 | 3,161,513 | ||||||
| 2.810%, 09/01/31 |
1,457,155 | 1,567,360 | ||||||
| 2.970%, 06/01/30 |
2,750,000 | 2,988,891 | ||||||
| 2.980%, 09/01/36 |
1,357,624 | 1,478,068 | ||||||
| 3.000%, 01/01/43 |
2,128,951 | 2,279,949 | ||||||
| 3.000%, 07/01/60 |
3,536,598 | 3,765,278 | ||||||
| 3.092%, 07/01/22 (a) |
604,035 | 607,618 | ||||||
| 3.110%, 12/01/24 |
1,455,271 | 1,554,246 | ||||||
| 3.235%, 10/01/26 |
1,308,922 | 1,427,971 | ||||||
| 3.260%, 12/01/26 |
916,414 | 999,381 | ||||||
| 3.290%, 08/01/26 |
1,962,987 | 2,136,296 | ||||||
| 3.340%, 02/01/27 |
1,500,000 | 1,644,357 | ||||||
| 3.380%, 12/01/23 |
1,874,846 | 1,963,489 | ||||||
| 3.420%, 05/01/22 (a) |
367,569 | 367,522 | ||||||
| 3.450%, 01/01/24 |
924,679 | 971,304 | ||||||
| 3.490%, 09/01/23 |
3,623,127 | 3,779,212 | ||||||
| 3.500%, 08/01/26 |
96,925 | 102,263 | ||||||
| 3.500%, 02/01/33 |
1,825,974 | 1,963,829 | ||||||
| 3.500%, 05/01/33 |
2,094,862 | 2,257,886 | ||||||
| 3.500%, 07/01/43 |
1,525,674 | 1,648,987 | ||||||
| 3.500%, 03/01/60 |
3,027,977 | 3,297,500 | ||||||
| 3.550%, 02/01/30 |
1,500,000 | 1,678,095 | ||||||
| 3.560%, 03/01/24 |
6,630,963 | 7,061,073 | ||||||
| 3.570%, 07/01/26 |
3,942,090 | 4,340,499 | ||||||
| 3.670%, 07/01/23 |
2,500,000 | 2,604,835 | ||||||
| 3.760%, 11/01/23 |
1,038,136 | 1,091,910 | ||||||
| 3.970%, 08/01/33 |
5,021,280 | 5,245,123 | ||||||
| 3.990%, 02/01/28 |
1,639,025 | 1,865,852 | ||||||
| 4.000%, 10/01/32 |
636,282 | 691,532 | ||||||
| 4.000%, 12/01/40 |
134,246 | 147,767 | ||||||
| 4.000%, 07/01/42 |
876,089 | 956,637 | ||||||
| Agency Sponsored Mortgage-Backed—(Continued) | ||||||||
| Fannie Mae Pool | ||||||||
| 5.500%, 01/01/58 |
2,602,022 | 3,117,463 | ||||||
| Fannie Mae REMICS (CMO) | ||||||||
| Zero Coupon, 09/25/43 (b) |
913,337 | 825,359 | ||||||
| Zero Coupon, 10/25/43 (b) |
490,655 | 419,579 | ||||||
| Zero Coupon, 12/25/43 (b) |
975,770 | 859,953 | ||||||
| 0.586%, 1M LIBOR + 0.500%, 05/25/35 (a) |
423,227 | 423,636 | ||||||
| 0.586%, 1M LIBOR + 0.500%, 10/25/42 (a) |
348,088 | 352,119 | ||||||
| 0.627%, 03/25/27 (a) |
32,271 | 32,424 | ||||||
| 0.686%, 1M LIBOR + 0.600%, 10/25/43 (a) |
1,148,181 | 1,168,657 | ||||||
| 0.686%, 1M LIBOR + 0.600%, 12/25/43 (a) |
1,163,836 | 1,175,283 | ||||||
| 0.986%, 1M LIBOR + 0.900%, 03/25/38 (a) |
148,039 | 151,601 | ||||||
| 1.086%, 1M LIBOR + 1.000%, 08/25/32 (a) |
382,494 | 391,159 | ||||||
| 3.500%, 02/25/43 |
2,409,995 | 2,549,210 | ||||||
| 3.500%, 11/25/57 |
3,625,711 | 3,847,087 | ||||||
| 5.000%, 03/25/40 |
2,934,380 | 3,302,425 | ||||||
| 5.500%, 12/25/35 |
783,888 | 877,536 | ||||||
| 6.000%, 01/25/36 |
1,024,810 | 1,126,661 | ||||||
| 6.444%, -1 x 1M LIBOR + 6.530%, 01/25/41 (a) (c) |
2,460,782 | 530,548 | ||||||
| 6.500%, 07/18/28 |
68,565 | 76,855 | ||||||
| Fannie Mae-ACES | ||||||||
| 0.670%, 10/25/30 |
2,714,622 | 2,657,696 | ||||||
| 1.000%, 11/25/33 |
1,537,594 | 1,517,828 | ||||||
| 1.200%, 10/25/30 |
995,000 | 979,205 | ||||||
| 2.020%, 10/25/30 (a) (c) |
16,669,944 | 1,782,404 | ||||||
| 2.116%, 11/25/33 (a) (c) |
7,947,743 | 1,061,710 | ||||||
| 2.207%, 01/25/22 |
633,778 | 634,061 | ||||||
| 2.488%, 05/25/26 |
1,600,000 | 1,685,566 | ||||||
| 2.549%, 12/25/26 (a) |
896,316 | 948,372 | ||||||
| 2.723%, 10/25/24 |
1,795,812 | 1,878,892 | ||||||
| 3.061%, 05/25/27 (a) |
3,090,000 | 3,355,488 | ||||||
| 3.103%, 07/25/24 (a) |
1,209,703 | 1,278,141 | ||||||
| 3.161%, 03/25/28 (a) |
1,961,732 | 2,144,588 | ||||||
| 3.174%, 06/25/27 (a) |
2,953,729 | 3,217,361 | ||||||
| 3.191%, 02/25/30 (a) |
1,504,000 | 1,662,921 | ||||||
| 3.224%, 04/25/29 (a) |
2,579,119 | 2,850,620 | ||||||
| 3.346%, 03/25/24 (a) |
1,872,871 | 1,975,047 | ||||||
| 3.482%, 07/25/28 (a) |
3,757,000 | 4,180,805 | ||||||
| 3.501%, 01/25/24 (a) |
1,289,258 | 1,361,586 | ||||||
| 3.673%, 09/25/28 (a) |
3,075,000 | 3,483,666 | ||||||
| Freddie Mac 20 Yr. Gold Pool |
539,513 | 578,272 | ||||||
| Freddie Mac 30 Yr. Gold Pool | ||||||||
| 4.000%, 08/01/42 |
1,655,647 | 1,814,665 | ||||||
| 4.000%, 06/01/43 |
368,155 | 397,039 | ||||||
| 4.000%, 08/01/43 |
2,948,007 | 3,247,373 | ||||||
| 5.000%, 08/01/39 |
520,808 | 595,025 | ||||||
| Freddie Mac ARM Non-Gold Pool |
416,139 | 439,948 | ||||||
| Freddie Mac Gold Pool | ||||||||
| 3.500%, 12/01/32 |
1,691,382 | 1,822,464 | ||||||
| 3.500%, 01/01/33 |
2,417,224 | 2,601,575 | ||||||
| 3.500%, 03/01/33 |
2,901,058 | 3,130,396 | ||||||
| 3.500%, 04/01/33 |
3,785,168 | 4,080,663 | ||||||
| 3.500%, 05/01/33 |
1,243,620 | 1,338,074 | ||||||
| 3.500%, 06/01/43 |
1,275,797 | 1,372,272 | ||||||
BHFTI-184
Brighthouse Funds Trust I
JPMorgan Core Bond Portfolio
Schedule of Investments as of September 30, 2021 (Unaudited)
U.S. Treasury & Government Agencies—(Continued)
| Security Description | Principal Amount* |
Value | ||||||
| Agency Sponsored Mortgage-Backed—(Continued) | ||||||||
| Freddie Mac Gold Pool | ||||||||
| 4.000%, 09/01/32 |
308,884 | $ | 332,814 | |||||
| 4.000%, 11/01/32 |
1,450,497 | 1,570,072 | ||||||
| 4.000%, 12/01/32 |
817,723 | 885,196 | ||||||
| 4.000%, 01/01/33 |
66,855 | 72,068 | ||||||
| 4.000%, 02/01/33 |
303,365 | 328,053 | ||||||
| 4.000%, 01/01/46 |
1,712,741 | 1,885,899 | ||||||
| 5.000%, 02/01/34 |
216,144 | 235,725 | ||||||
| Freddie Mac Multifamily Structured Pass-Through Certificates | ||||||||
| 2.522%, 01/25/23 |
1,668,671 | 1,694,385 | ||||||
| 2.838%, 09/25/22 |
391,352 | 397,257 | ||||||
| 3.117%, 06/25/27 |
2,487,000 | 2,726,908 | ||||||
| 3.243%, 04/25/27 |
1,996,000 | 2,198,484 | ||||||
| 3.303%, 11/25/27 (a) |
1,755,000 | 1,947,365 | ||||||
| 3.326%, 05/25/27 |
1,072,000 | 1,184,078 | ||||||
| 3.336%, 04/25/28 (a) |
1,790,000 | 1,976,190 | ||||||
| 3.490%, 01/25/24 |
4,000,000 | 4,241,916 | ||||||
| 3.690%, 01/25/29 |
397,000 | 455,109 | ||||||
| 3.850%, 05/25/28 (a) |
7,385,000 | 8,455,668 | ||||||
| 3.900%, 08/25/28 (a) |
3,170,000 | 3,657,337 | ||||||
| Freddie Mac REMICS (CMO) | ||||||||
| 0.534%, 1M LIBOR + 0.450%, 08/15/42 (a) |
2,458,997 | 2,484,115 | ||||||
| 0.764%, 1M LIBOR + 0.680%, 11/15/37 (a) |
433,898 | 442,451 | ||||||
| 0.784%, 1M LIBOR + 0.700%, 03/15/24 (a) |
101,010 | 101,380 | ||||||
| 1.434%, 1M LIBOR + 1.350%, 03/15/38 (a) |
600,000 | 642,749 | ||||||
| 3.000%, 02/15/26 |
520,147 | 541,268 | ||||||
| 3.500%, 08/15/39 |
156,558 | 157,214 | ||||||
| 3.500%, 06/15/48 |
170,871 | 171,006 | ||||||
| 4.000%, 05/15/48 |
2,443,388 | 2,590,638 | ||||||
| 5.000%, 08/15/35 |
868,354 | 983,255 | ||||||
| 6.000%, 07/15/35 |
2,609,109 | 3,028,845 | ||||||
| 6.000%, 03/15/36 |
1,970,422 | 2,331,469 | ||||||
| 6.286%, -1 x 1M LIBOR + 6.370%, 10/15/37 (a) (c) |
2,167,465 | 485,248 | ||||||
| 6.316%, -1 x 1M LIBOR + 6.400%, 11/15/36 (a) (c) |
1,153,191 | 102,311 | ||||||
| 6.500%, 05/15/28 |
153,040 | 171,305 | ||||||
| 6.500%, 03/15/37 |
415,741 | 494,777 | ||||||
| Freddie Mac STACR Trust (CMO) | ||||||||
| 3.500%, 05/25/57 |
4,894,896 | 5,195,748 | ||||||
| 3.500%, 06/25/57 |
4,208,963 | 4,486,356 | ||||||
| Freddie Mac Strips (CMO) | ||||||||
| Zero Coupon, 09/15/43 (b) |
505,670 | 437,857 | ||||||
| 3.000%, 01/15/43 |
1,913,872 | 1,978,079 | ||||||
| FREMF Mortgage Trust | ||||||||
| 3.696%, 11/25/49 (144A) (a) |
1,700,000 | 1,834,316 | ||||||
| 3.786%, 04/25/28 (144A) (a) |
3,100,000 | 3,255,741 | ||||||
| 3.800%, 11/25/49 (144A) (a) |
2,000,000 | 2,136,607 | ||||||
| 3.992%, 07/25/49 (144A) (a) |
1,635,000 | 1,707,274 | ||||||
| 4.209%, 11/25/47 (144A) (a) |
1,577,000 | 1,686,305 | ||||||
| Ginnie Mae II 30 Yr. Pool | ||||||||
| 2.500%, 08/20/51 |
16,948,173 | 17,497,052 | ||||||
| 3.000%, 02/20/51 |
1,842,071 | 1,959,636 | ||||||
| 3.500%, 01/20/51 |
3,485,769 | 3,835,734 | ||||||
| 4.500%, 11/20/49 |
2,643,771 | 2,887,338 | ||||||
| Ginnie Mae II ARM Pool | ||||||||
| 1.875%, 1Y H15 + 1.500%, 04/20/41 (a) |
170,942 | 179,094 | ||||||
| 1.910%, 1Y H15 + 1.838%, 08/20/71 (a) |
3,048,691 | 3,341,279 | ||||||
| Agency Sponsored Mortgage-Backed—(Continued) | ||||||||
| Government National Mortgage Association (CMO) | ||||||||
| 0.390%, 1M LIBOR + 0.300%, 08/20/60 (a) |
837 | 837 | ||||||
| 0.390%, 1M LIBOR + 0.300%, 11/20/62 (a) |
7,839 | 7,834 | ||||||
| 0.430%, 1M LIBOR + 0.340%, 12/20/62 (a) |
1,200,605 | 1,200,984 | ||||||
| 0.490%, 1M LIBOR + 0.400%, 02/20/62 (a) |
133,972 | 134,028 | ||||||
| 0.500%, 1M LIBOR + 0.410%, 03/20/63 (a) |
351,359 | 352,013 | ||||||
| 0.510%, 1M LIBOR + 0.420%, 02/20/63 (a) |
951,765 | 954,558 | ||||||
| 0.560%, 1M LIBOR + 0.470%, 03/20/63 (a) |
1,809,697 | 1,814,271 | ||||||
| 0.560%, 1M LIBOR + 0.470%, 07/20/64 (a) |
2,177,425 | 2,183,412 | ||||||
| 0.560%, 1M LIBOR + 0.470%, 09/20/64 (a) |
1,207,189 | 1,212,282 | ||||||
| 0.570%, 1M LIBOR + 0.480%, 04/20/63 (a) |
3,850,569 | 3,861,269 | ||||||
| 0.587%, 1M LIBOR + 0.500%, 09/20/37 (a) |
126,553 | 126,553 | ||||||
| 0.590%, 1M LIBOR + 0.500%, 01/20/63 (a) |
19,911 | 19,988 | ||||||
| 0.590%, 1M LIBOR + 0.500%, 04/20/63 (a) |
3,752,958 | 3,771,139 | ||||||
| 0.590%, 1M LIBOR + 0.500%, 06/20/64 (a) |
3,521,954 | 3,542,530 | ||||||
| 0.590%, 1M LIBOR + 0.500%, 07/20/64 (a) |
1,570,515 | 1,578,056 | ||||||
| 0.640%, 1M LIBOR + 0.550%, 04/20/62 (a) |
1,421 | 1,425 | ||||||
| 0.690%, 1M LIBOR + 0.600%, 04/20/64 (a) |
8,579,347 | 8,651,568 | ||||||
| 0.740%, 1M LIBOR + 0.650%, 07/20/63 (a) |
2,563,302 | 2,572,647 | ||||||
| 0.740%, 1M LIBOR + 0.650%, 01/20/64 (a) |
908,022 | 913,588 | ||||||
| 0.740%, 1M LIBOR + 0.650%, 02/20/64 (a) |
2,948,111 | 2,966,816 | ||||||
| 0.740%, 1M LIBOR + 0.650%, 03/20/64 (a) |
812,426 | 817,697 | ||||||
| 0.780%, 1M LIBOR + 0.690%, 02/20/64 (a) |
1,371,302 | 1,387,344 | ||||||
| 0.790%, 1M LIBOR + 0.700%, 09/20/63 (a) |
2,324,641 | 2,339,307 | ||||||
| 0.840%, 1M LIBOR + 0.750%, 09/20/63 (a) |
2,645,177 | 2,659,699 | ||||||
| 1.090%, 1M LIBOR + 1.000%, 12/20/66 (a) |
1,152,865 | 1,176,148 | ||||||
| 1.650%, 02/20/63 |
226,071 | 227,705 | ||||||
| 1.650%, 04/20/63 |
237,638 | 238,618 | ||||||
| 4.477%, 04/20/43 (a) |
1,171,755 | 1,287,473 | ||||||
| 4.500%, 01/16/25 |
917,701 | 961,557 | ||||||
| 4.889%, 11/20/42 (a) |
4,280,603 | 4,843,702 | ||||||
| 5.000%, 12/20/33 |
654,650 | 718,388 | ||||||
| 5.000%, 06/16/39 |
152,943 | 157,993 | ||||||
| 5.000%, 07/20/39 |
1,210,636 | 1,371,615 | ||||||
| 5.000%, 10/20/39 |
1,230,103 | 1,383,284 | ||||||
| 5.134%, 06/20/40 (a) |
1,717,628 | 1,954,490 | ||||||
| 5.500%, 07/16/33 (c) |
527,406 | 52,305 | ||||||
| Uniform Mortgage-Backed Securities 15 Yr. Pool |
3,035,000 | 3,125,694 | ||||||
| Uniform Mortgage-Backed Securities 30 Yr. Pool |
39,630,000 | 40,747,888 | ||||||
|
|
|
|||||||
| 391,698,998 | ||||||||
|
|
|
|||||||
| Federal Agencies—0.3% | ||||||||
| Tennessee Valley Authority | ||||||||
| 5.880%, 04/01/36 |
1,600,000 | 2,343,596 | ||||||
| Tennessee Valley Authority Generic Strip | ||||||||
| Zero Coupon, 03/15/32 |
1,000,000 | 824,911 | ||||||
| Tennessee Valley Authority Principal Strip | ||||||||
| Zero Coupon, 11/01/25 |
1,000,000 | 963,619 | ||||||
| Zero Coupon, 06/15/35 |
750,000 | 553,344 | ||||||
|
|
|
|||||||
| 4,685,470 | ||||||||
|
|
|
|||||||
BHFTI-185
Brighthouse Funds Trust I
JPMorgan Core Bond Portfolio
Schedule of Investments as of September 30, 2021 (Unaudited)
U.S. Treasury & Government Agencies—(Continued)
| Security Description | Principal Amount* |
Value | ||||||
| U.S. Treasury—24.4% | ||||||||
| U.S. Treasury Bonds | ||||||||
| 1.125%, 05/15/40 |
555,000 | $ | 479,706 | |||||
| 1.250%, 05/15/50 |
475,000 | 388,591 | ||||||
| 1.375%, 08/15/50 (e) |
380,000 | 320,655 | ||||||
| 1.625%, 11/15/50 (e) |
6,800,000 | 6,109,109 | ||||||
| 1.875%, 02/15/51 |
13,985,000 | 13,336,009 | ||||||
| 2.000%, 02/15/50 |
4,827,000 | 4,742,150 | ||||||
| 2.250%, 05/15/41 |
7,470,000 | 7,767,633 | ||||||
| 2.250%, 08/15/46 |
7,787,000 | 8,042,207 | ||||||
| 2.250%, 08/15/49 |
170,000 | 176,216 | ||||||
| 2.375%, 11/15/49 |
4,475,000 | 4,762,903 | ||||||
| 2.500%, 02/15/45 |
6,750,000 | 7,289,473 | ||||||
| 2.750%, 11/15/42 (e) |
9,475,000 | 10,654,563 | ||||||
| 2.750%, 08/15/47 |
8,000,000 | 9,080,312 | ||||||
| 2.875%, 05/15/43 |
10,415,000 | 11,952,433 | ||||||
| 2.875%, 08/15/45 |
7,840,000 | 9,039,888 | ||||||
| 2.875%, 05/15/49 (e) |
27,000 | 31,586 | ||||||
| 3.000%, 11/15/44 |
238,000 | 279,436 | ||||||
| 3.000%, 02/15/48 |
470,000 | 558,859 | ||||||
| 3.125%, 05/15/48 |
1,942,000 | 2,362,868 | ||||||
| 3.500%, 02/15/39 |
450,000 | 561,023 | ||||||
| 3.625%, 08/15/43 |
4,950,000 | 6,353,596 | ||||||
| 3.625%, 02/15/44 |
4,325,000 | 5,567,255 | ||||||
| 3.750%, 11/15/43 |
2,908,000 | 3,804,482 | ||||||
| 3.875%, 08/15/40 |
2,500,000 | 3,278,125 | ||||||
| 4.250%, 05/15/39 |
200,000 | 272,625 | ||||||
| 4.375%, 02/15/38 |
720,000 | 985,528 | ||||||
| 4.375%, 05/15/41 |
1,200,000 | 1,680,703 | ||||||
| 5.250%, 02/15/29 (e) |
500,000 | 638,340 | ||||||
| 6.000%, 02/15/26 |
2,525,000 | 3,082,275 | ||||||
| U.S. Treasury Coupon Strips | ||||||||
| Zero Coupon, 05/15/22 (e) |
4,560,000 | 4,559,035 | ||||||
| Zero Coupon, 08/15/22 |
1,800,000 | 1,798,692 | ||||||
| Zero Coupon, 11/15/22 (e) |
1,250,000 | 1,248,139 | ||||||
| Zero Coupon, 02/15/23 (e) |
3,035,000 | 3,028,194 | ||||||
| Zero Coupon, 05/15/23 (e) |
47,445,000 | 47,310,937 | ||||||
| Zero Coupon, 08/15/23 (e) |
2,220,000 | 2,209,641 | ||||||
| Zero Coupon, 11/15/23 |
796,000 | 790,663 | ||||||
| Zero Coupon, 02/15/24 |
6,404,000 | 6,344,512 | ||||||
| Zero Coupon, 08/15/24 |
2,500,000 | 2,462,356 | ||||||
| Zero Coupon, 11/15/24 (e) |
1,500,000 | 1,471,515 | ||||||
| Zero Coupon, 02/15/25 |
2,000,000 | 1,955,461 | ||||||
| Zero Coupon, 05/15/25 (e) |
5,500,000 | 5,357,273 | ||||||
| Zero Coupon, 11/15/26 (e) |
1,014,129 | 958,042 | ||||||
| Zero Coupon, 08/15/27 |
400,000 | 371,762 | ||||||
| Zero Coupon, 11/15/27 |
570,000 | 527,004 | ||||||
| Zero Coupon, 05/15/28 |
15,030,000 | 13,732,452 | ||||||
| Zero Coupon, 08/15/28 |
250,000 | 227,016 | ||||||
| Zero Coupon, 02/15/30 |
6,300,000 | 5,524,572 | ||||||
| Zero Coupon, 05/15/30 |
700,000 | 610,553 | ||||||
| Zero Coupon, 08/15/30 |
3,925,000 | 3,404,070 | ||||||
| Zero Coupon, 11/15/30 |
5,425,000 | 4,674,530 | ||||||
| Zero Coupon, 02/15/31 (e) |
1,775,000 | 1,519,635 | ||||||
| Zero Coupon, 11/15/31 |
3,000,000 | 2,522,444 | ||||||
| Zero Coupon, 02/15/32 |
12,900,000 | 10,783,244 | ||||||
| Zero Coupon, 05/15/32 |
800,000 | 664,828 | ||||||
| U.S. Treasury—(Continued) | ||||||||
| U.S. Treasury Coupon Strips | ||||||||
| Zero Coupon, 08/15/33 |
400,000 | 322,566 | ||||||
| Zero Coupon, 11/15/33 |
1,000,000 | 801,719 | ||||||
| Zero Coupon, 02/15/34 |
2,000,000 | 1,593,817 | ||||||
| Zero Coupon, 08/15/34 |
2,600,000 | 2,045,787 | ||||||
| Zero Coupon, 05/15/35 |
4,000,000 | 3,091,204 | ||||||
| U.S. Treasury Inflation Indexed Bond | ||||||||
| 1.750%, 01/15/28 (f) |
651,465 | 783,853 | ||||||
| U.S. Treasury Inflation Indexed Note | ||||||||
| 0.125%, 01/15/22 (f) |
1,809,000 | 1,822,191 | ||||||
| U.S. Treasury Notes | ||||||||
| 0.375%, 12/31/25 |
20,000,000 | 19,596,875 | ||||||
| 0.375%, 01/31/26 |
1,300,000 | 1,272,070 | ||||||
| 0.375%, 09/30/27 |
3,560,000 | 3,397,019 | ||||||
| 0.500%, 02/28/26 (e) |
13,735,000 | 13,503,222 | ||||||
| 0.625%, 08/15/30 |
1,850,000 | 1,721,006 | ||||||
| 0.875%, 06/30/26 |
8,330,000 | 8,300,715 | ||||||
| 0.875%, 11/15/30 (e) |
5,770,000 | 5,475,640 | ||||||
| 1.000%, 07/31/28 |
9,750,000 | 9,561,094 | ||||||
| 1.250%, 03/31/28 |
7,080,000 | 7,080,277 | ||||||
| 1.250%, 06/30/28 |
7,662,000 | 7,645,838 | ||||||
| 1.500%, 02/15/30 |
530,000 | 533,375 | ||||||
| 1.625%, 02/15/26 |
782,300 | 807,175 | ||||||
| 1.625%, 08/15/29 |
1,080,000 | 1,099,997 | ||||||
| 1.625%, 05/15/31 |
670,000 | 677,852 | ||||||
| 1.750%, 02/28/22 |
9,300,000 | 9,365,391 | ||||||
| 1.750%, 12/31/24 (e) |
15,985,900 | 16,585,996 | ||||||
| 1.750%, 12/31/26 |
2,164,500 | 2,244,400 | ||||||
| 1.750%, 11/15/29 (e) |
1,540,000 | 1,582,591 | ||||||
| 2.000%, 06/30/24 |
2,308,000 | 2,404,557 | ||||||
| 2.000%, 11/15/26 |
910,000 | 954,789 | ||||||
| 2.125%, 02/29/24 |
663,000 | 690,789 | ||||||
| 2.250%, 04/15/22 |
9,000,000 | 9,106,172 | ||||||
| 2.250%, 02/15/27 |
550,000 | 584,203 | ||||||
| 2.500%, 02/28/26 |
405,000 | 433,461 | ||||||
| 2.750%, 05/31/23 |
663,000 | 690,841 | ||||||
| 2.750%, 02/15/24 |
2,300,000 | 2,429,375 | ||||||
| 2.875%, 04/30/25 |
450,000 | 484,893 | ||||||
| 2.875%, 05/31/25 (e) |
4,920,000 | 5,305,720 | ||||||
| 2.875%, 05/15/28 |
6,936,100 | 7,650,031 | ||||||
|
|
|
|||||||
| 399,301,620 | ||||||||
|
|
|
|||||||
| Total U.S. Treasury & Government Agencies |
|
795,686,088 | ||||||
|
|
|
|||||||
| Corporate Bonds & Notes—33.9% |
| |||||||
| Aerospace/Defense—0.9% | ||||||||
| BAE Systems plc | ||||||||
| 1.900%, 02/15/31 (144A) |
720,000 | 690,449 | ||||||
| 3.000%, 09/15/50 (144A) (e) |
332,000 | 319,328 | ||||||
| 4.750%, 10/11/21 (144A) |
1,000,000 | 1,000,785 | ||||||
| Boeing Co. (The) | ||||||||
| 1.167%, 02/04/23 |
725,000 | 726,607 | ||||||
| 1.433%, 02/04/24 |
1,480,000 | 1,482,213 | ||||||
BHFTI-186
Brighthouse Funds Trust I
JPMorgan Core Bond Portfolio
Schedule of Investments as of September 30, 2021 (Unaudited)
Corporate Bonds & Notes—(Continued)
| Security Description | Principal Amount* |
Value | ||||||
| Aerospace/Defense—(Continued) | ||||||||
| Boeing Co. (The) | ||||||||
| 1.950%, 02/01/24 |
870,000 | $ | 890,363 | |||||
| 2.196%, 02/04/26 |
905,000 | 911,671 | ||||||
| 2.750%, 02/01/26 |
840,000 | 874,976 | ||||||
| 3.100%, 05/01/26 |
360,000 | 380,510 | ||||||
| 3.250%, 03/01/28 |
659,000 | 689,725 | ||||||
| 4.875%, 05/01/25 |
435,000 | 484,116 | ||||||
| 5.040%, 05/01/27 |
335,000 | 385,359 | ||||||
| 5.150%, 05/01/30 |
675,000 | 792,241 | ||||||
| 5.705%, 05/01/40 |
550,000 | 698,916 | ||||||
| L3Harris Technologies, Inc. |
640,000 | 617,593 | ||||||
| Lockheed Martin Corp. |
450,000 | 557,504 | ||||||
| Northrop Grumman Corp. |
182,000 | 206,911 | ||||||
| Raytheon Technologies Corp. |
||||||||
| 2.820%, 09/01/51 |
1,260,000 | 1,194,237 | ||||||
| 3.200%, 03/15/24 |
251,000 | 265,984 | ||||||
| 3.750%, 11/01/46 |
550,000 | 610,639 | ||||||
| 4.350%, 04/15/47 |
133,000 | 159,771 | ||||||
| 4.500%, 06/01/42 |
550,000 | 674,119 | ||||||
|
|
|
|||||||
| 14,614,017 | ||||||||
|
|
|
|||||||
| Agriculture—0.3% | ||||||||
| Altria Group, Inc. |
1,250,000 | 1,197,787 | ||||||
| BAT Capital Corp. |
||||||||
| 2.259%, 03/25/28 |
465,000 | 461,524 | ||||||
| 3.734%, 09/25/40 |
310,000 | 299,082 | ||||||
| 3.984%, 09/25/50 |
485,000 | 466,541 | ||||||
| 4.390%, 08/15/37 |
200,000 | 214,807 | ||||||
| 4.540%, 08/15/47 |
55,000 | 56,978 | ||||||
| BAT International Finance plc |
345,000 | 345,192 | ||||||
| Bunge, Ltd. Finance Corp. |
1,205,000 | 1,220,968 | ||||||
| Reynolds American, Inc. |
570,000 | 750,207 | ||||||
|
|
|
|||||||
| 5,013,086 | ||||||||
|
|
|
|||||||
| Airlines—0.6% | ||||||||
| Air Canada Pass-Through Trust |
||||||||
| 3.300%, 01/15/30 (144A) |
433,357 | 442,110 | ||||||
| 3.550%, 01/15/30 (144A) |
614,486 | 593,630 | ||||||
| 4.125%, 05/15/25 (144A) |
763,043 | 779,249 | ||||||
| British Airways Pass-Through Trust |
||||||||
| 3.300%, 12/15/32 (144A) |
538,478 | 545,752 | ||||||
| 3.800%, 09/20/31 (144A) |
537,847 | 559,379 | ||||||
| 4.125%, 09/20/31 (144A) |
720,270 | 728,439 | ||||||
| Continental Airlines Pass-Through Trust |
125,708 | 132,462 | ||||||
| Spirit Airlines Pass-Through Trust |
248,062 | 253,434 | ||||||
| Airlines—(Continued) | ||||||||
| United Airlines Pass-Through Trust |
||||||||
| 3.100%, 10/07/28 |
786,459 | $ | 784,572 | |||||
| 3.500%, 03/01/30 |
1,114,565 | 1,175,404 | ||||||
| 3.700%, 03/01/30 |
1,051,882 | 1,064,970 | ||||||
| 4.000%, 04/11/26 |
401,057 | 423,303 | ||||||
| 4.150%, 08/25/31 |
1,147,240 | 1,234,430 | ||||||
| 4.300%, 08/15/25 |
544,567 | 584,568 | ||||||
| 4.600%, 03/01/26 |
247,561 | 254,873 | ||||||
|
|
|
|||||||
| 9,556,575 | ||||||||
|
|
|
|||||||
| Auto Manufacturers—0.7% | ||||||||
| General Motors Co. |
385,000 | 451,101 | ||||||
| General Motors Financial Co., Inc. |
||||||||
| 1.250%, 01/08/26 (e) |
1,376,000 | 1,358,549 | ||||||
| 2.350%, 01/08/31 (e) |
919,000 | 900,121 | ||||||
| 2.700%, 06/10/31 |
720,000 | 717,796 | ||||||
| 4.350%, 01/17/27 |
332,000 | 372,202 | ||||||
| Hyundai Capital America |
||||||||
| 1.150%, 11/10/22 (144A) |
1,183,000 | 1,189,552 | ||||||
| 1.300%, 01/08/26 (144A) |
325,000 | 319,785 | ||||||
| 1.500%, 06/15/26 (144A) |
645,000 | 638,048 | ||||||
| 1.800%, 10/15/25 (144A) |
380,000 | 383,729 | ||||||
| 1.800%, 01/10/28 (144A) |
635,000 | 621,520 | ||||||
| 2.375%, 10/15/27 (144A) |
400,000 | 405,411 | ||||||
| 3.000%, 02/10/27 (144A) |
240,000 | 252,418 | ||||||
| Nissan Motor Co., Ltd. |
||||||||
| 4.345%, 09/17/27 (144A) |
2,254,000 | 2,476,383 | ||||||
| 4.810%, 09/17/30 (144A) |
868,000 | 976,241 | ||||||
| Stellantis Finance U.S., Inc. |
606,000 | 600,117 | ||||||
| Volkswagen Group of America Finance LLC |
560,000 | 554,015 | ||||||
|
|
|
|||||||
| 12,216,988 | ||||||||
|
|
|
|||||||
| Banks—8.7% | ||||||||
| ABN AMRO Bank NV |
||||||||
| 1.542%, 1Y H15 + 0.800%, 06/16/27 (144A) (a) |
1,100,000 | 1,093,793 | ||||||
| 4.750%, 07/28/25 (144A) |
500,000 | 554,304 | ||||||
| AIB Group plc |
||||||||
| 4.263%, 3M LIBOR + 1.874%, 04/10/25 (144A) (a) (e) |
425,000 | 455,691 | ||||||
| 4.750%, 10/12/23 (144A) |
1,340,000 | 1,441,277 | ||||||
| ANZ New Zealand International, Ltd. |
606,000 | 628,185 | ||||||
| Australia & New Zealand Banking Group, Ltd. |
200,000 | 223,946 | ||||||
| Banco Nacional de Panama |
950,000 | 911,050 | ||||||
| Banco Santander S.A. |
||||||||
| 1.722%, 1Y H15 + 0.900%, 09/14/27 (a) (e) |
400,000 | 398,141 | ||||||
| 1.849%, 03/25/26 |
600,000 | 607,719 | ||||||
| 2.746%, 05/28/25 |
600,000 | 629,381 | ||||||
| 2.749%, 12/03/30 |
400,000 | 398,018 | ||||||
BHFTI-187
Brighthouse Funds Trust I
JPMorgan Core Bond Portfolio
Schedule of Investments as of September 30, 2021 (Unaudited)
Corporate Bonds & Notes—(Continued)
| Security Description | Principal Amount* |
Value | ||||||
| Banks—(Continued) | ||||||||
| Bank of America Corp. | ||||||||
| 1.658%, SOFR + 0.910%, 03/11/27 (a) |
2,045,000 | $ | 2,056,738 | |||||
| 1.898%, SOFR + 1.530%, 07/23/31 (a) |
445,000 | 429,103 | ||||||
| 2.496%, 3M LIBOR + 0.990%, 02/13/31 (a) |
1,675,000 | 1,695,083 | ||||||
| 2.676%, SOFR + 1.930%, 06/19/41 (a) |
3,062,000 | 2,956,110 | ||||||
| 3.366%, 3M LIBOR + 0.810%, 01/23/26 (a) |
600,000 | 641,057 | ||||||
| 3.419%, 3M LIBOR + 1.040%, 12/20/28 (a) |
2,351,000 | 2,548,102 | ||||||
| 3.550%, 3M LIBOR + 0.780%, 03/05/24 (a) |
2,562,000 | 2,670,740 | ||||||
| 3.705%, 3M LIBOR + 1.512%, 04/24/28 (a) |
2,500,000 | 2,747,421 | ||||||
| 3.970%, 3M LIBOR + 1.070%, 03/05/29 (a) |
1,400,000 | 1,557,026 | ||||||
| 4.000%, 01/22/25 |
1,071,000 | 1,163,819 | ||||||
| 4.250%, 10/22/26 |
520,000 | 585,309 | ||||||
| Bank of Ireland Group plc |
655,000 | 654,619 | ||||||
| Bank of Montreal |
433,000 | 474,417 | ||||||
| Bank of Tokyo-Mitsubishi UFJ, Ltd. (The) |
364,000 | 389,564 | ||||||
| Banque Federative du Credit Mutuel S.A. | ||||||||
| 1.604%, 10/04/26 (144A) |
840,000 | 841,140 | ||||||
| 3.750%, 07/20/23 (144A) |
1,070,000 | 1,132,075 | ||||||
| Barclays plc | ||||||||
| 1.007%, 1Y H15 + 0.800%, 12/10/24 (a) |
1,102,000 | 1,107,068 | ||||||
| 3.650%, 03/16/25 |
254,000 | 272,937 | ||||||
| 4.338%, 3M LIBOR + 1.356%, 05/16/24 (a) |
500,000 | 529,258 | ||||||
| 5.200%, 05/12/26 |
250,000 | 285,840 | ||||||
| BBVA USA |
580,000 | 608,256 | ||||||
| BNP Paribas S.A. | ||||||||
| 1.323%, SOFR + 1.004%, 01/13/27 (144A) (a) |
318,000 | 312,661 | ||||||
| 2.159%, SOFR + 1.218%, 09/15/29 (144A) (a) |
1,117,000 | 1,106,426 | ||||||
| 2.219%, SOFR + 2.074%, 06/09/26 (144A) (a) |
402,000 | 412,605 | ||||||
| 2.588%, 5Y H15 + 2.050%, 08/12/35 (144A) (a) |
950,000 | 921,233 | ||||||
| 3.052%, SOFR + 1.507%, 01/13/31 (144A) (a) |
815,000 | 853,807 | ||||||
| BNZ International Funding, Ltd. | ||||||||
| 2.650%, 11/03/22 (144A) |
842,000 | 863,863 | ||||||
| 2.900%, 02/21/22 (144A) |
300,000 | 303,126 | ||||||
| BPCE S.A. | ||||||||
| 1.000%, 01/20/26 (144A) |
570,000 | 560,837 | ||||||
| 1.652%, SOFR + 1.520%, 10/06/26 (144A) (a) |
534,000 | 534,634 | ||||||
| 2.277%, SOFR + 1.312%, 01/20/32 (144A) (a) |
415,000 | 403,081 | ||||||
| 3.375%, 12/02/26 |
700,000 | 761,211 | ||||||
| 4.625%, 07/11/24 (144A) |
400,000 | 435,475 | ||||||
| Citigroup, Inc. | ||||||||
| 1.122%, SOFR + 0.765%, 01/28/27 (a) |
1,044,000 | 1,029,419 | ||||||
| 2.561%, SOFR + 1.167%, 05/01/32 (a) |
915,000 | 923,999 | ||||||
| 3.106%, SOFR + 2.842%, 04/08/26 (a) |
1,400,000 | 1,486,450 | ||||||
| 3.668%, 3M LIBOR + 1.390%, 07/24/28 (a) |
907,000 | 996,978 | ||||||
| 3.875%, 03/26/25 |
1,300,000 | 1,411,864 | ||||||
| 3.878%, 3M LIBOR + 1.168%, 01/24/39 (a) |
150,000 | 171,419 | ||||||
| 3.980%, 3M LIBOR + 1.338%, 03/20/30 (a) |
1,700,000 | 1,909,348 | ||||||
| 4.075%, 3M LIBOR + 1.192%, 04/23/29 (a) |
667,000 | 747,496 | ||||||
| 4.300%, 11/20/26 |
750,000 | 842,347 | ||||||
| 4.400%, 06/10/25 |
566,000 | 626,039 | ||||||
| 4.450%, 09/29/27 |
1,294,000 | 1,471,522 | ||||||
| Banks—(Continued) | ||||||||
| Citizens Financial Group, Inc. | ||||||||
| 2.638%, 09/30/32 |
193,000 | 193,798 | ||||||
| Commonwealth Bank of Australia |
355,000 | 364,365 | ||||||
| Cooperative Rabobank UA | ||||||||
| 3.750%, 07/21/26 (e) |
513,000 | 565,379 | ||||||
| 4.375%, 08/04/25 |
424,000 | 470,059 | ||||||
| 4.625%, 12/01/23 |
872,000 | 944,894 | ||||||
| Credit Agricole S.A. | ||||||||
| 1.247%, SOFR + 0.892%, 01/26/27 (144A) (a) |
1,183,000 | 1,166,281 | ||||||
| 1.907%, SOFR + 1.676%, 06/16/26 (144A) (a) |
750,000 | 764,267 | ||||||
| 2.811%, 01/11/41 (144A)† |
410,000 | 391,241 | ||||||
| 4.375%, 03/17/25 (144A) |
295,000 | 321,536 | ||||||
| Credit Suisse Group AG | ||||||||
| 1.305%, SOFR + 0.980%, 02/02/27 (144A) (a) |
1,615,000 | 1,578,269 | ||||||
| 2.193%, SOFR + 2.044%, 06/05/26 (144A) (a) |
360,000 | 366,757 | ||||||
| 4.282%, 01/09/28 (144A) |
783,000 | 870,290 | ||||||
| Danske Bank A/S | ||||||||
| 1.171%, 1Y H15 + 1.030%, 12/08/23 (144A) (a) |
1,432,000 | 1,438,814 | ||||||
| 2.700%, 03/02/22 (144A) |
372,000 | 375,689 | ||||||
| Deutsche Bank AG | ||||||||
| 2.129%, SOFR + 1.870%, 11/24/26 (a) |
615,000 | 624,697 | ||||||
| 2.222%, SOFR + 2.159%, 09/18/24 (a) |
1,145,000 | 1,173,615 | ||||||
| 3.035%, SOFR + 1.718%, 05/28/32 (a) |
1,351,000 | 1,370,736 | ||||||
| 4.250%, 10/14/21 |
900,000 | 900,970 | ||||||
| Discover Bank |
1,229,000 | 1,369,570 | ||||||
| DNB Bank ASA |
1,030,000 | 1,024,711 | ||||||
| Fifth Third Bancorp |
200,000 | 331,688 | ||||||
| Goldman Sachs Group, Inc. (The) | ||||||||
| 1.431%, SOFR + 0.798%, 03/09/27 (a) |
2,000,000 | 1,994,500 | ||||||
| 1.992%, SOFR + 1.090%, 01/27/32 (a) |
1,800,000 | 1,735,794 | ||||||
| 2.383%, SOFR + 1.248%, 07/21/32 (a) |
1,055,000 | 1,044,576 | ||||||
| 3.500%, 11/16/26 |
1,300,000 | 1,404,805 | ||||||
| 3.691%, 3M LIBOR + 1.510%, 06/05/28 (a) |
2,614,000 | 2,877,313 | ||||||
| 4.223%, 3M LIBOR + 1.301%, 05/01/29 (a) |
820,000 | 926,699 | ||||||
| 4.411%, 3M LIBOR + 1.430%, 04/23/39 (a) |
445,000 | 534,829 | ||||||
| HSBC Holdings plc | ||||||||
| 2.206%, SOFR + 1.285%, 08/17/29 (a) |
630,000 | 624,872 | ||||||
| 2.357%, SOFR + 1.947%, 08/18/31 (a) |
890,000 | 880,133 | ||||||
| 3.900%, 05/25/26 |
200,000 | 220,291 | ||||||
| 4.041%, 3M LIBOR + 1.546%, 03/13/28 (a) |
432,000 | 477,973 | ||||||
| 4.250%, 03/14/24 |
500,000 | 537,166 | ||||||
| 4.250%, 08/18/25 |
300,000 | 329,074 | ||||||
| 4.375%, 11/23/26 |
1,006,000 | 1,121,262 | ||||||
| 6.100%, 01/14/42 |
370,000 | 531,882 | ||||||
| 6.500%, 09/15/37 |
930,000 | 1,289,352 | ||||||
| Industrial & Commercial Bank of China, Ltd. |
750,000 | 750,555 | ||||||
| ING Groep NV |
285,000 | 286,615 | ||||||
| KeyCorp |
275,000 | 306,891 | ||||||
BHFTI-188
Brighthouse Funds Trust I
JPMorgan Core Bond Portfolio
Schedule of Investments as of September 30, 2021 (Unaudited)
Corporate Bonds & Notes—(Continued)
| Security Description | Principal Amount* |
Value | ||||||
| Banks—(Continued) | ||||||||
| Lloyds Banking Group plc | ||||||||
| 1.627%, 1Y H15 + 0.850%, 05/11/27 (a) |
720,000 | $ | 719,395 | |||||
| 2.907%, 3M LIBOR + 0.810%, 11/07/23 (a) |
300,000 | 307,797 | ||||||
| 4.375%, 03/22/28 |
633,000 | 720,025 | ||||||
| 4.450%, 05/08/25 |
540,000 | 599,041 | ||||||
| 4.500%, 11/04/24 |
685,000 | 752,201 | ||||||
| 4.582%, 12/10/25 |
400,000 | 446,474 | ||||||
| Macquarie Bank, Ltd. | ||||||||
| 3.052%, 5Y H15 + 1.700%, 03/03/36 (144A) (a) |
825,000 | 816,847 | ||||||
| 4.000%, 07/29/25 (144A) (e) |
250,000 | 275,725 | ||||||
| Macquarie Group, Ltd. |
1,820,000 | 2,141,699 | ||||||
| Mitsubishi UFJ Financial Group, Inc. | ||||||||
| 2.048%, 07/17/30 |
1,020,000 | 1,002,946 | ||||||
| 2.527%, 09/13/23 |
250,000 | 259,961 | ||||||
| 3.751%, 07/18/39 |
615,000 | 692,234 | ||||||
| Mizuho Financial Group, Inc. | ||||||||
| 1.234%, 1Y H15 + 0.670%, 05/22/27 (a) (e) |
772,000 | 759,842 | ||||||
| 2.226%, 3M LIBOR + 0.830%, 05/25/26 (a) |
795,000 | 819,524 | ||||||
| 2.869%, SOFR + 1.572%, 09/13/30 (a) |
539,000 | 564,184 | ||||||
| Morgan Stanley | ||||||||
| 2.188%, SOFR + 1.990%, 04/28/26 (a) |
250,000 | 258,126 | ||||||
| 2.720%, SOFR + 1.152%, 07/22/25 (a) |
251,000 | 263,004 | ||||||
| 3.217%, SOFR + 1.485%, 04/22/42 (a) |
675,000 | 706,131 | ||||||
| 3.591%, 3M LIBOR + 1.340%, 07/22/28 (a) |
1,067,000 | 1,170,112 | ||||||
| 3.700%, 10/23/24 |
749,000 | 812,451 | ||||||
| 3.772%, 3M LIBOR + 1.140%, 01/24/29 (a) |
278,000 | 307,611 | ||||||
| 3.875%, 04/29/24 |
700,000 | 755,272 | ||||||
| 4.300%, 01/27/45 |
400,000 | 487,569 | ||||||
| 4.431%, 3M LIBOR + 1.628%, 01/23/30 (a) |
1,157,000 | 1,335,955 | ||||||
| 4.457%, 3M LIBOR + 1.431%, 04/22/39 (a) |
850,000 | 1,027,956 | ||||||
| 5.000%, 11/24/25 |
1,269,000 | 1,450,644 | ||||||
| National Australia Bank, Ltd. | ||||||||
| 2.332%, 08/21/30 (144A) |
470,000 | 454,348 | ||||||
| 3.933%, 5Y H15 + 1.880%, 08/02/34 (144A) (a) |
800,000 | 860,762 | ||||||
| Natwest Group plc | ||||||||
| 1.642%, 1Y H15 + 0.900%, 06/14/27 (a) |
890,000 | 889,941 | ||||||
| 3.073%, 1Y H15 + 2.550%, 05/22/28 (a) |
570,000 | 605,224 | ||||||
| 3.754%, 5Y H15 + 2.100%, 11/01/29 (a) (e) |
700,000 | 747,035 | ||||||
| 4.269%, 3M LIBOR + 1.762%, 03/22/25 (a) |
480,000 | 517,987 | ||||||
| 4.800%, 04/05/26 |
1,037,000 | 1,178,816 | ||||||
| 4.892%, 3M LIBOR + 1.754%, 05/18/29 (a) |
290,000 | 337,678 | ||||||
| Nordea Bank Abp |
443,000 | 441,684 | ||||||
| Royal Bank of Canada |
495,000 | 561,650 | ||||||
| Santander UK Group Holdings plc |
680,000 | 677,104 | ||||||
| Societe Generale S.A. | ||||||||
| 1.488%, 1Y H15 + 1.100%, 12/14/26 (144A) (a) |
1,552,000 | 1,534,689 | ||||||
| 1.792%, 1Y H15 + 1.000%, 06/09/27 (144A) (a) |
720,000 | 716,093 | ||||||
| 2.889%, 1Y H15 + 1.300%, 06/09/32 (144A) (a) |
1,670,000 | 1,679,452 | ||||||
| 3.000%, 01/22/30 (144A) |
549,000 | 567,155 | ||||||
| 4.250%, 04/14/25 (144A) |
785,000 | 847,922 | ||||||
| Banks—(Continued) | ||||||||
| Standard Chartered plc | ||||||||
| 1.456%, 1Y H15 + 1.000%, 01/14/27 (144A) (a) |
365,000 | 358,833 | ||||||
| 2.819%, 3M LIBOR + 1.209%, 01/30/26 (144A) (a) |
740,000 | 770,630 | ||||||
| 4.247%, 3M LIBOR + 1.150%, 01/20/23 (144A) (a) |
1,200,000 | 1,213,273 | ||||||
| 4.300%, 02/19/27 (144A) |
700,000 | 761,759 | ||||||
| 4.866%, 5Y USD ICE Swap + 1.970%, 03/15/33 (144A) (a) |
300,000 | 330,280 | ||||||
| Sumitomo Mitsui Financial Group, Inc. | ||||||||
| 1.474%, 07/08/25 |
2,111,000 | 2,127,994 | ||||||
| 3.010%, 10/19/26 |
212,000 | 227,335 | ||||||
| 3.040%, 07/16/29 |
1,020,000 | 1,080,741 | ||||||
| 3.102%, 01/17/23 |
482,000 | 498,788 | ||||||
| SunTrust Banks, Inc. |
1,200,000 | 1,243,083 | ||||||
| UBS Group AG | ||||||||
| 1.494%, 1Y H15 + 0.850%, 08/10/27 (144A) (a) |
415,000 | 410,195 | ||||||
| 2.095%, 1Y H15 + 1.000%, 02/11/32 (144A) (a) (e) |
1,070,000 | 1,041,054 | ||||||
| 2.859%, 3M LIBOR + 0.954%, 08/15/23 (144A) (a) |
276,000 | 281,812 | ||||||
| 3.491%, 05/23/23 (144A) |
762,000 | 776,741 | ||||||
| 4.125%, 09/24/25 (144A) |
850,000 | 939,066 | ||||||
| UniCredit S.p.A. | ||||||||
| 1.982%, 1Y H15 + 1.200%, 06/03/27 (144A) (a) |
345,000 | 344,126 | ||||||
| 2.569%, 1Y H15 + 2.300%, 09/22/26 (144A) (a) |
710,000 | 721,889 | ||||||
| 5.861%, 5Y USD ICE Swap + 3.703%, 06/19/32 |
455,000 | 506,062 | ||||||
| 6.572%, 01/14/22 (144A) |
850,000 | 863,792 | ||||||
| 7.296%, 5Y USD ICE Swap + 4.914%, 04/02/34 |
230,000 | 278,836 | ||||||
| Wells Fargo & Co. | ||||||||
| 3.068%, SOFR + 2.530%, 04/30/41 (a) (e) |
750,000 | 770,695 | ||||||
| 3.196%, 3M LIBOR + 1.170%, 06/17/27 (a) |
2,555,000 | 2,742,621 | ||||||
| 4.100%, 06/03/26 |
1,291,000 | 1,437,840 | ||||||
| 4.650%, 11/04/44 |
595,000 | 729,045 | ||||||
| 5.375%, 11/02/43 |
1,005,000 | 1,333,277 | ||||||
| Westpac Banking Corp. | ||||||||
| 4.322%, 5Y USD ICE Swap + 2.236%, 11/23/31 (a) |
1,050,000 | 1,159,007 | ||||||
| 4.421%, 07/24/39 (e) |
450,000 | 530,690 | ||||||
|
|
|
|||||||
| 141,804,965 | ||||||||
|
|
|
|||||||
| Beverages—0.6% | ||||||||
| Anheuser-Busch Cos. LLC / Anheuser-Busch InBev Worldwide, Inc. |
1,685,000 | 2,036,223 | ||||||
| Anheuser-Busch InBev Finance, Inc. |
185,000 | 218,088 | ||||||
| Anheuser-Busch InBev Worldwide, Inc. | ||||||||
| 4.350%, 06/01/40 |
5,000 | 5,810 | ||||||
| 4.375%, 04/15/38 |
1,300,000 | 1,517,450 | ||||||
| 4.439%, 10/06/48 |
950,000 | 1,111,407 | ||||||
| 4.600%, 06/01/60 |
315,000 | 378,488 | ||||||
| 4.750%, 04/15/58 |
775,000 | 950,294 | ||||||
| Beam Suntory, Inc. |
760,000 | 767,991 | ||||||
| Coca-Cola Femsa S.A.B. de C.V. | ||||||||
| 1.850%, 09/01/32 |
515,000 | 487,329 | ||||||
| 2.750%, 01/22/30 |
610,000 | 629,008 | ||||||
BHFTI-189
Brighthouse Funds Trust I
JPMorgan Core Bond Portfolio
Schedule of Investments as of September 30, 2021 (Unaudited)
Corporate Bonds & Notes—(Continued)
| Security Description | Principal Amount* |
Value | ||||||
| Beverages—(Continued) | ||||||||
| Constellation Brands, Inc. | ||||||||
| 4.400%, 11/15/25 |
300,000 | $ | 335,956 | |||||
| 5.250%, 11/15/48 |
180,000 | 235,772 | ||||||
| Fomento Economico Mexicano S.A.B. de C.V. |
790,000 | 826,522 | ||||||
| Keurig Dr Pepper, Inc. | ||||||||
| 3.430%, 06/15/27 |
175,000 | 192,293 | ||||||
| 4.417%, 05/25/25 |
268,000 | 297,826 | ||||||
| 4.985%, 05/25/38 |
387,000 | 484,501 | ||||||
|
|
|
|||||||
| 10,474,958 | ||||||||
|
|
|
|||||||
| Biotechnology—0.5% | ||||||||
| Amgen, Inc. | ||||||||
| 2.200%, 02/21/27 |
430,000 | 444,910 | ||||||
| 3.000%, 01/15/52 |
595,000 | 570,795 | ||||||
| Baxalta, Inc. |
27,000 | 36,041 | ||||||
| Biogen, Inc. | ||||||||
| 2.250%, 05/01/30 |
849,000 | 844,443 | ||||||
| 3.150%, 05/01/50 (e) |
230,000 | 219,221 | ||||||
| Gilead Sciences, Inc. | ||||||||
| 2.600%, 10/01/40 |
945,000 | 899,695 | ||||||
| 3.250%, 09/01/22 |
365,000 | 373,177 | ||||||
| Regeneron Pharmaceuticals, Inc. |
1,000,000 | 951,327 | ||||||
| Royalty Pharma plc | ||||||||
| 0.750%, 09/02/23 |
725,000 | 727,369 | ||||||
| 1.200%, 09/02/25 |
720,000 | 715,332 | ||||||
| 1.750%, 09/02/27 |
720,000 | 716,886 | ||||||
| 3.300%, 09/02/40 |
595,000 | 593,127 | ||||||
| 3.550%, 09/02/50 |
610,000 | 599,221 | ||||||
|
|
|
|||||||
| 7,691,544 | ||||||||
|
|
|
|||||||
| Building Materials—0.2% | ||||||||
| CRH America Finance, Inc. |
214,000 | 232,827 | ||||||
| Lennox International, Inc. |
1,630,000 | 1,630,345 | ||||||
| Martin Marietta Materials, Inc. |
499,000 | 543,400 | ||||||
| Masco Corp. | ||||||||
| 2.000%, 10/01/30 |
260,000 | 251,353 | ||||||
| 6.500%, 08/15/32 (e) |
720,000 | 951,547 | ||||||
|
|
|
|||||||
| 3,609,472 | ||||||||
|
|
|
|||||||
| Chemicals—0.3% | ||||||||
| Albemarle Corp. |
350,000 | 445,254 | ||||||
| Chevron Phillips Chemical Co. LLC / Chevron Phillips Chemical Co., L.P. |
630,000 | 713,939 | ||||||
| DuPont de Nemours, Inc. |
945,000 | 1,217,794 | ||||||
| International Flavors & Fragrances, Inc. | ||||||||
| 1.832%, 10/15/27 (144A) |
330,000 | 330,485 | ||||||
| 5.000%, 09/26/48 |
404,000 | 522,402 | ||||||
| Chemicals—(Continued) | ||||||||
| Nutrien, Ltd. | ||||||||
| 3.000%, 04/01/25 |
200,000 | 211,763 | ||||||
| 3.375%, 03/15/25 |
87,000 | 93,191 | ||||||
| 4.125%, 03/15/35 |
620,000 | 702,534 | ||||||
|
|
|
|||||||
| 4,237,362 | ||||||||
|
|
|
|||||||
| Commercial Services—0.5% | ||||||||
| ERAC USA Finance LLC | ||||||||
| 3.850%, 11/15/24 (144A) |
925,000 | 1,000,441 | ||||||
| 7.000%, 10/15/37 (144A) |
500,000 | 742,936 | ||||||
| Ford Foundation (The) |
275,000 | 272,382 | ||||||
| Global Payments, Inc. | ||||||||
| 3.200%, 08/15/29 |
695,000 | 734,682 | ||||||
| 4.150%, 08/15/49 |
615,000 | 690,420 | ||||||
| IHS Markit, Ltd. |
1,056,000 | 1,203,439 | ||||||
| Pepperdine University |
450,000 | 465,847 | ||||||
| Quanta Services, Inc. | ||||||||
| 2.350%, 01/15/32 |
855,000 | 836,587 | ||||||
| 2.900%, 10/01/30 |
1,110,000 | 1,148,213 | ||||||
| Triton Container International, Ltd. |
850,000 | 848,621 | ||||||
| University of Southern California |
440,000 | 443,787 | ||||||
|
|
|
|||||||
| 8,387,355 | ||||||||
|
|
|
|||||||
| Computers—0.5% | ||||||||
| Apple, Inc. | ||||||||
| 2.700%, 08/05/51 |
965,000 | 930,507 | ||||||
| 3.750%, 09/12/47 |
1,200,000 | 1,387,415 | ||||||
| 3.750%, 11/13/47 |
200,000 | 231,517 | ||||||
| 3.850%, 08/04/46 |
362,000 | 423,292 | ||||||
| CGI, Inc. | ||||||||
| 1.450%, 09/14/26 (144A) |
659,000 | 652,084 | ||||||
| 2.300%, 09/14/31 (144A) |
1,184,000 | 1,150,314 | ||||||
| Dell International LLC / EMC Corp. | ||||||||
| 5.450%, 06/15/23 |
370,000 | 396,836 | ||||||
| 6.020%, 06/15/26 |
1,786,000 | 2,124,497 | ||||||
| HP, Inc. |
490,000 | 523,255 | ||||||
| Leidos, Inc. |
365,000 | 356,623 | ||||||
|
|
|
|||||||
| 8,176,340 | ||||||||
|
|
|
|||||||
| Cosmetics/Personal Care—0.1% | ||||||||
| Estee Lauder Cos., Inc. (The) |
1,470,000 | 1,541,649 | ||||||
| Unilever Capital Corp. |
310,000 | 333,524 | ||||||
|
|
|
|||||||
| 1,875,173 | ||||||||
|
|
|
|||||||
BHFTI-190
Brighthouse Funds Trust I
JPMorgan Core Bond Portfolio
Schedule of Investments as of September 30, 2021 (Unaudited)
Corporate Bonds & Notes—(Continued)
| Security Description | Principal Amount* |
Value | ||||||
| Distribution/Wholesale—0.0% | ||||||||
| WW Grainger, Inc. |
190,000 | $ | 243,169 | |||||
|
|
|
|||||||
| Diversified Financial Services—2.5% | ||||||||
| AerCap Ireland Capital DAC / AerCap Global Aviation Trust | ||||||||
| 1.750%, 01/30/26 |
393,000 | 388,985 | ||||||
| 2.875%, 08/14/24 |
770,000 | 802,199 | ||||||
| 4.450%, 12/16/21 |
450,000 | 452,126 | ||||||
| 4.450%, 04/03/26 |
478,000 | 520,656 | ||||||
| 4.500%, 09/15/23 |
1,830,000 | 1,949,698 | ||||||
| 6.500%, 07/15/25 |
208,000 | 241,156 | ||||||
| Air Lease Corp. | ||||||||
| 2.875%, 01/15/26 |
600,000 | 626,937 | ||||||
| 3.250%, 03/01/25 |
484,000 | 511,002 | ||||||
| 3.250%, 10/01/29 |
1,065,000 | 1,107,983 | ||||||
| 3.375%, 07/01/25 |
1,266,000 | 1,344,432 | ||||||
| American Express Co. |
600,000 | 623,802 | ||||||
| Aviation Capital Group LLC |
698,000 | 782,291 | ||||||
| Avolon Holdings Funding, Ltd. | ||||||||
| 2.125%, 02/21/26 (144A) |
445,000 | 440,446 | ||||||
| 2.528%, 11/18/27 (144A) |
5,211,000 | 5,125,031 | ||||||
| 2.875%, 02/15/25 (144A) |
339,000 | 348,802 | ||||||
| 3.625%, 05/01/22 (144A) |
455,000 | 461,806 | ||||||
| 4.250%, 04/15/26 (144A) |
885,000 | 951,875 | ||||||
| 4.375%, 05/01/26 (144A) |
540,000 | 582,987 | ||||||
| 5.250%, 05/15/24 (144A) |
805,000 | 879,421 | ||||||
| 5.500%, 01/15/26 (144A) |
1,140,000 | 1,277,952 | ||||||
| Blackstone Secured Lending Fund |
610,000 | 637,242 | ||||||
| BOC Aviation, Ltd. | ||||||||
| 2.750%, 09/18/22 (144A) |
480,000 | 487,382 | ||||||
| 3.500%, 10/10/24 (144A) |
385,000 | 409,078 | ||||||
| Brookfield Finance, Inc. | ||||||||
| 3.900%, 01/25/28 |
358,000 | 397,167 | ||||||
| 4.700%, 09/20/47 |
409,000 | 495,224 | ||||||
| 4.850%, 03/29/29 |
485,000 | 570,872 | ||||||
| Capital One Financial Corp. | ||||||||
| 3.750%, 07/28/26 |
860,000 | 944,069 | ||||||
| 4.200%, 10/29/25 |
200,000 | 221,663 | ||||||
| Daiwa Securities Group, Inc. |
439,000 | 445,551 | ||||||
| GE Capital Funding LLC |
375,000 | 434,520 | ||||||
| GE Capital International Funding Co. |
2,726,000 | 3,271,342 | ||||||
| Jefferies Group LLC |
300,000 | 317,307 | ||||||
| LSEGA Financing plc |
1,445,000 | 1,450,761 | ||||||
| Nomura Holdings, Inc. | ||||||||
| 2.648%, 01/16/25 |
845,000 | 880,208 | ||||||
| 2.679%, 07/16/30 (e) |
540,000 | 545,513 | ||||||
| ORIX Corp. |
362,000 | 369,378 | ||||||
| Diversified Financial Services—(Continued) | ||||||||
| Park Aerospace Holdings, Ltd. | ||||||||
| 4.500%, 03/15/23 (144A) |
320,000 | 334,381 | ||||||
| 5.500%, 02/15/24 (144A) |
96,000 | 104,759 | ||||||
| Private Export Funding Corp. | ||||||||
| 2.800%, 05/15/22 (e) |
1,000,000 | 1,015,868 | ||||||
| 3.550%, 01/15/24 |
7,383,000 | 7,880,377 | ||||||
|
|
|
|||||||
| 40,632,249 | ||||||||
|
|
|
|||||||
| Electric—3.0% | ||||||||
| AEP Transmission Co. LLC |
225,000 | 232,319 | ||||||
| Alabama Power Co. |
461,000 | 490,896 | ||||||
| Alexander Funding Trust |
800,000 | 815,381 | ||||||
| Baltimore Gas & Electric Co. |
1,510,000 | 1,866,024 | ||||||
| Berkshire Hathaway Energy Co. |
325,000 | 449,915 | ||||||
| CenterPoint Energy, Inc. |
699,000 | 699,197 | ||||||
| China Southern Power Grid International Finance BVI Co., Ltd. |
960,000 | 1,044,518 | ||||||
| Cleveland Electric Illuminating Co. (The) |
250,000 | 291,497 | ||||||
| Consumers Energy Co. |
191,000 | 234,804 | ||||||
| Delmarva Power & Light Co. |
500,000 | 587,194 | ||||||
| Dominion Energy, Inc. |
183,000 | 194,377 | ||||||
| DTE Electric Co. |
300,000 | 404,900 | ||||||
| Duke Energy Indiana LLC |
350,000 | 388,168 | ||||||
| Duke Energy Progress LLC | ||||||||
| 2.900%, 08/15/51 |
470,000 | 460,521 | ||||||
| 4.100%, 03/15/43 |
200,000 | 233,549 | ||||||
| 4.375%, 03/30/44 |
247,000 | 299,784 | ||||||
| 5.700%, 04/01/35 |
360,000 | 480,050 | ||||||
| Duquesne Light Holdings, Inc. | ||||||||
| 2.532%, 10/01/30 (144A) |
450,000 | 445,746 | ||||||
| 2.775%, 01/07/32 (144A) (e) |
280,000 | 279,745 | ||||||
| 3.616%, 08/01/27 (144A) |
1,050,000 | 1,126,263 | ||||||
| Edison International |
1,180,000 | 1,251,131 | ||||||
| Emera U.S. Finance L.P. |
500,000 | 589,989 | ||||||
| Enel Finance International NV | ||||||||
| 3.500%, 04/06/28 (144A) |
465,000 | 508,910 | ||||||
| 3.625%, 05/25/27 (144A) (e) |
480,000 | 531,354 | ||||||
| Entergy Arkansas LLC | ||||||||
| 2.650%, 06/15/51 |
285,000 | 265,750 | ||||||
| 3.050%, 06/01/23 |
765,000 | 790,676 | ||||||
BHFTI-191
Brighthouse Funds Trust I
JPMorgan Core Bond Portfolio
Schedule of Investments as of September 30, 2021 (Unaudited)
Corporate Bonds & Notes—(Continued)
| Security Description | Principal Amount* |
Value | ||||||
| Electric—(Continued) | ||||||||
| Entergy Corp. |
194,000 | $ | 206,389 | |||||
| Entergy Louisiana LLC | ||||||||
| 2.400%, 10/01/26 |
414,000 | 431,452 | ||||||
| 2.900%, 03/15/51 |
390,000 | 380,663 | ||||||
| 3.050%, 06/01/31 |
195,000 | 207,702 | ||||||
| Evergy Metro, Inc. |
315,000 | 419,362 | ||||||
| Exelon Corp. |
600,000 | 610,474 | ||||||
| Exelon Generation Co. LLC | ||||||||
| 3.400%, 03/15/22 |
643,000 | 650,053 | ||||||
| 5.750%, 10/01/41 |
260,000 | 316,984 | ||||||
| 6.250%, 10/01/39 |
160,000 | 204,281 | ||||||
| Florida Power & Light Co. |
1,250,000 | 1,675,862 | ||||||
| Fortis, Inc. |
929,000 | 996,755 | ||||||
| Indiana Michigan Power Co. |
330,000 | 340,486 | ||||||
| ITC Holdings Corp. |
330,000 | 346,320 | ||||||
| Jersey Central Power & Light Co. |
200,000 | 266,256 | ||||||
| Massachusetts Electric Co. |
402,000 | 441,286 | ||||||
| Mid-Atlantic Interstate Transmission LLC |
340,000 | 380,888 | ||||||
| Nevada Power Co. |
223,000 | 290,911 | ||||||
| 6.650%, 04/01/36 |
360,000 | 526,488 | ||||||
| New England Power Co. |
280,000 | 306,462 | ||||||
| New York State Electric & Gas Corp. |
434,000 | 468,239 | ||||||
| NextEra Energy Capital Holdings, Inc. |
410,000 | 427,226 | ||||||
| Niagara Mohawk Power Corp. |
700,000 | 679,815 | ||||||
| 3.508%, 10/01/24 (144A) |
305,000 | 325,590 | ||||||
| Northern States Power Co. |
628,000 | 786,443 | ||||||
| NRG Energy, Inc. |
560,000 | 569,325 | ||||||
| 2.450%, 12/02/27 (144A) |
625,000 | 634,231 | ||||||
| OGE Energy Corp. |
435,000 | 435,036 | ||||||
| Ohio Power Co. |
635,000 | 613,580 | ||||||
| Oklahoma Gas and Electric Co. |
525,000 | 525,006 | ||||||
| Oncor Electric Delivery Co. LLC |
670,000 | 699,494 | ||||||
| Electric—(Continued) | ||||||||
| Pacific Gas and Electric Co. |
1,245,000 | 1,240,653 | ||||||
| 1.500%, 3M LIBOR + 1.375%, 11/15/21 (a) |
2,390,000 | 2,390,966 | ||||||
| 1.750%, 06/16/22 |
3,360,000 | 3,354,563 | ||||||
| 2.950%, 03/01/26 |
380,000 | 390,112 | ||||||
| 3.450%, 07/01/25 |
600,000 | 626,664 | ||||||
| 3.750%, 08/15/42 |
245,000 | 221,395 | ||||||
| 4.300%, 03/15/45 |
420,000 | 414,368 | ||||||
| PacifiCorp |
315,000 | 335,573 | ||||||
| Pennsylvania Electric Co. |
113,000 | 119,397 | ||||||
| PPL Electric Utilities Corp. |
300,000 | 304,271 | ||||||
| Progress Energy, Inc. |
200,000 | 272,687 | ||||||
| Public Service Co. of Colorado |
400,000 | 408,134 | ||||||
| Public Service Co. of Oklahoma |
600,000 | 851,124 | ||||||
| Puget Energy Inc. |
853,000 | 853,188 | ||||||
| San Diego Gas & Electric Co. |
635,000 | 629,285 | ||||||
| Sempra Energy |
1,054,000 | 1,122,580 | ||||||
| Sierra Pacific Power Co. |
556,000 | 582,010 | ||||||
| Southern California Edison Co. |
500,000 | 541,376 | ||||||
| 5.550%, 01/15/36 |
500,000 | 609,746 | ||||||
| Southern Power Co. |
400,000 | 488,914 | ||||||
| Southwestern Public Service Co. |
250,000 | 304,506 | ||||||
| Tampa Electric Co. |
500,000 | 617,664 | ||||||
| Toledo Edison Co. (The) |
400,000 | 550,178 | ||||||
| Tri-State Generation & Transmission Association,
Inc. |
206,000 | 230,455 | ||||||
| Virginia Electric & Power Co. |
126,000 | 153,364 | ||||||
| 6.000%, 05/15/37 |
685,000 | 947,655 | ||||||
|
|
|
|||||||
| 48,686,545 | ||||||||
|
|
|
|||||||
| Electronics—0.1% | ||||||||
| Arrow Electronics, Inc. |
439,000 | 465,584 | ||||||
| 3.875%, 01/12/28 |
376,000 | 406,147 | ||||||
|
|
|
|||||||
| 871,731 | ||||||||
|
|
|
|||||||
| Engineering & Construction—0.0% | ||||||||
| Mexico City Airport Trust |
200,000 | 204,324 | ||||||
|
|
|
|||||||
BHFTI-192
Brighthouse Funds Trust I
JPMorgan Core Bond Portfolio
Schedule of Investments as of September 30, 2021 (Unaudited)
Corporate Bonds & Notes—(Continued)
| Security Description | Principal Amount* |
Value | ||||||
| Environmental Control—0.0% | ||||||||
| Republic Services, Inc. |
710,000 | $ | 665,317 | |||||
|
|
|
|||||||
| Food—0.4% | ||||||||
| Bimbo Bakeries USA, Inc. |
695,000 | 753,003 | ||||||
| Campbell Soup Co. |
287,000 | 277,733 | ||||||
| Conagra Brands, Inc. |
205,000 | 260,715 | ||||||
| 5.400%, 11/01/48 |
325,000 | 431,525 | ||||||
| Kroger Co. (The) |
610,000 | 847,642 | ||||||
| McCormick and Co., Inc. |
1,239,000 | 1,266,630 | ||||||
| Smithfield Foods, Inc. |
1,160,000 | 1,167,593 | ||||||
| 5.200%, 04/01/29 (144A) |
1,100,000 | 1,263,065 | ||||||
| Tyson Foods, Inc. |
100,000 | 129,232 | ||||||
|
|
|
|||||||
| 6,397,138 | ||||||||
|
|
|
|||||||
| Forest Products & Paper—0.0% | ||||||||
| International Paper Co. |
250,000 | 408,548 | ||||||
|
|
|
|||||||
| Gas—0.5% | ||||||||
| APT Pipelines, Ltd. |
700,000 | 761,404 | ||||||
| 4.250%, 07/15/27 (144A) |
687,000 | 780,102 | ||||||
| Atmos Energy Corp. |
310,000 | 310,010 | ||||||
| 4.150%, 01/15/43 |
460,000 | 529,811 | ||||||
| Brooklyn Union Gas Co. (The) |
500,000 | 564,615 | ||||||
| KeySpan Gas East Corp. |
345,000 | 358,996 | ||||||
| NiSource, Inc. |
570,000 | 536,934 | ||||||
| 2.950%, 09/01/29 |
465,000 | 485,934 | ||||||
| Southern California Gas Co. |
829,000 | 851,653 | ||||||
| Southern Co. Gas Capital Corp. |
212,000 | 235,029 | ||||||
| 4.400%, 06/01/43 |
375,000 | 439,117 | ||||||
| 6.000%, 10/01/34 |
1,000,000 | 1,294,043 | ||||||
| Southwest Gas Corp. |
332,000 | 355,819 | ||||||
|
|
|
|||||||
| 7,503,467 | ||||||||
|
|
|
|||||||
| Healthcare-Products—0.1% | ||||||||
| Boston Scientific Corp. |
606,000 | 686,681 | ||||||
| Healthcare-Products—(Continued) | ||||||||
| Thermo Fisher Scientific, Inc. |
1,065,000 | 1,041,943 | ||||||
| 2.950%, 09/19/26 |
286,000 | 307,478 | ||||||
|
|
|
|||||||
| 2,036,102 | ||||||||
|
|
|
|||||||
| Healthcare-Services—1.1% | ||||||||
| Aetna, Inc. |
297,000 | 429,109 | ||||||
| Anthem, Inc. |
460,000 | 520,726 | ||||||
| 4.650%, 08/15/44 |
324,000 | 399,871 | ||||||
| Bon Secours Mercy Health, Inc. |
625,000 | 655,250 | ||||||
| Children’s Hospital |
430,000 | 409,004 | ||||||
| 2.928%, 07/15/50 |
540,000 | 532,642 | ||||||
| CommonSpirit Health |
435,000 | 436,828 | ||||||
| 2.782%, 10/01/30 |
430,000 | 442,798 | ||||||
| 3.910%, 10/01/50 |
425,000 | 464,293 | ||||||
| Cottage Health Obligated Group |
500,000 | 531,617 | ||||||
| Hackensack Meridian Health, Inc. |
1,180,000 | 1,167,746 | ||||||
| 2.875%, 09/01/50 |
700,000 | 694,342 | ||||||
| Hartford HealthCare Corp. |
1,100,000 | 1,144,433 | ||||||
| HCA, Inc. | ||||||||
| 3.500%, 07/15/51 |
840,000 | 832,678 | ||||||
| 5.125%, 06/15/39 |
565,000 | 701,133 | ||||||
| 5.250%, 06/15/26 |
1,540,000 | 1,767,181 | ||||||
| Memorial Health Services |
995,000 | 1,104,535 | ||||||
| MidMichigan Health |
245,000 | 263,750 | ||||||
| MultiCare Health System |
365,000 | 362,610 | ||||||
| NYU Langone Hospitals |
410,000 | 427,567 | ||||||
| Piedmont Healthcare, Inc. |
620,000 | 602,409 | ||||||
| Providence St. Joseph Health Obligated Group |
210,000 | 222,388 | ||||||
| Quest Diagnostics, Inc. |
140,000 | 152,289 | ||||||
| Texas Health Resources |
340,000 | 301,350 | ||||||
| 4.330%, 11/15/55 |
250,000 | 323,694 | ||||||
| UnitedHealth Group, Inc. |
900,000 | 951,710 | ||||||
| 4.625%, 07/15/35 |
320,000 | 397,557 | ||||||
| Universal Health Services, Inc. |
510,000 | 512,315 | ||||||
| 2.650%, 01/15/32 (144A) |
680,000 | 673,361 | ||||||
BHFTI-193
Brighthouse Funds Trust I
JPMorgan Core Bond Portfolio
Schedule of Investments as of September 30, 2021 (Unaudited)
Corporate Bonds & Notes—(Continued)
| Security Description | Principal Amount* |
Value | ||||||
| Healthcare-Services—(Continued) | ||||||||
| Yale-New Haven Health Services Corp. |
580,000 | $ | 537,348 | |||||
|
|
|
|||||||
| 17,962,534 | ||||||||
|
|
|
|||||||
| Holding Companies-Diversified—0.1% | ||||||||
| CVS Pass-Through Trust |
684,469 | 776,337 | ||||||
| Hutchison Whampoa International 11, Ltd. |
1,100,000 | 1,112,373 | ||||||
|
|
|
|||||||
| 1,888,710 | ||||||||
|
|
|
|||||||
| Home Builders—0.0% | ||||||||
| Lennar Corp. |
280,000 | 302,744 | ||||||
|
|
|
|||||||
| Insurance—1.1% | ||||||||
| AIA Group, Ltd. |
495,000 | 542,048 | ||||||
| 3.900%, 04/06/28 (144A) (e) |
415,000 | 461,480 | ||||||
| AIG SunAmerica Global Financing X |
500,000 | 704,862 | ||||||
| American Financial Group, Inc. |
750,000 | 818,485 | ||||||
| Aon plc |
485,000 | 517,752 | ||||||
| Assurant, Inc. |
605,000 | 644,133 | ||||||
| Athene Global Funding |
550,000 | 552,657 | ||||||
| 1.450%, 01/08/26 (144A) (e) |
420,000 | 420,994 | ||||||
| 2.750%, 06/25/24 (144A) |
890,000 | 933,980 | ||||||
| 2.950%, 11/12/26 (144A) |
1,825,000 | 1,945,857 | ||||||
| Berkshire Hathaway Finance Corp. |
831,000 | 1,009,955 | ||||||
| Dai-ichi Life Insurance Co., Ltd. (The) |
759,000 | 822,566 | ||||||
| F&G Global Funding |
585,000 | 588,586 | ||||||
| Guardian Life Insurance Co. of America (The) |
156,000 | 201,511 | ||||||
| Hanover Insurance Group, Inc. (The) |
380,000 | 381,503 | ||||||
| Hartford Financial Services Group, Inc. (The) |
400,000 | 473,108 | ||||||
| Intact U.S. Holdings, Inc. |
750,000 | 779,685 | ||||||
| Jackson National Life Global Funding |
300,000 | 321,006 | ||||||
| 3.250%, 01/30/24 (144A) |
460,000 | 486,938 | ||||||
| Liberty Mutual Insurance Co. |
800,000 | 985,686 | ||||||
| Lincoln National Corp. |
350,000 | 356,005 | ||||||
| Manulife Financial Corp. |
500,000 | 548,153 | ||||||
| Insurance—(Continued) | ||||||||
| Massachusetts Mutual Life Insurance Co. |
550,000 | 599,258 | ||||||
| New York Life Global Funding |
485,000 | 522,748 | ||||||
| New York Life Insurance Co. |
625,000 | 782,256 | ||||||
| Northwestern Mutual Global Funding |
620,000 | 622,168 | ||||||
| Pacific Life Insurance Co. |
200,000 | 227,220 | ||||||
| Principal Financial Group, Inc. |
250,000 | 259,952 | ||||||
|
|
|
|||||||
| 17,510,552 | ||||||||
|
|
|
|||||||
| Internet—0.2% | ||||||||
| eBay, Inc. |
2,500,000 | 2,549,403 | ||||||
|
|
|
|||||||
| Iron/Steel—0.2% | ||||||||
| Nucor Corp. |
250,000 | 244,137 | ||||||
| Reliance Steel & Aluminum Co. |
1,810,000 | 1,803,710 | ||||||
| Steel Dynamics, Inc. |
630,000 | 623,390 | ||||||
| 3.450%, 04/15/30 |
237,000 | 254,869 | ||||||
| Vale Overseas, Ltd. |
405,000 | 419,560 | ||||||
|
|
|
|||||||
| 3,345,666 | ||||||||
|
|
|
|||||||
| Machinery-Diversified—0.2% | ||||||||
| Deere & Co. |
400,000 | 582,629 | ||||||
| Nvent Finance Sarl |
562,000 | 616,430 | ||||||
| Otis Worldwide Corp. |
1,110,000 | 1,139,537 | ||||||
| Xylem, Inc. |
118,000 | 128,034 | ||||||
|
|
|
|||||||
| 2,466,630 | ||||||||
|
|
|
|||||||
| Media—1.0% | ||||||||
| Charter Communications Operating LLC / Charter Communications Operating Capital Corp. |
||||||||
| 2.250%, 01/15/29 |
710,000 | 709,441 | ||||||
| 3.500%, 03/01/42 |
775,000 | 758,277 | ||||||
| 3.700%, 04/01/51 |
840,000 | 817,844 | ||||||
| 4.800%, 03/01/50 |
935,000 | 1,049,262 | ||||||
| 6.834%, 10/23/55 |
400,000 | 591,183 | ||||||
| Comcast Corp. |
705,000 | 624,709 | ||||||
| 2.887%, 11/01/51 (144A) |
1,131,000 | 1,084,830 | ||||||
| 3.900%, 03/01/38 |
591,000 | 671,104 | ||||||
| 4.200%, 08/15/34 |
556,000 | 651,781 | ||||||
| 4.250%, 01/15/33 |
1,880,000 | 2,197,660 | ||||||
BHFTI-194
Brighthouse Funds Trust I
JPMorgan Core Bond Portfolio
Schedule of Investments as of September 30, 2021 (Unaudited)
Corporate Bonds & Notes—(Continued)
| Security Description | Principal Amount* |
Value | ||||||
| Media—(Continued) | ||||||||
| COX Communications, Inc. |
1,880,000 | $ | 1,790,140 | |||||
| 2.950%, 10/01/50 (144A) |
630,000 | 592,378 | ||||||
| Discovery Communications LLC |
485,000 | 604,271 | ||||||
| Grupo Televisa S.A.B. |
200,000 | 274,756 | ||||||
| TCI Communications, Inc. |
801,000 | 1,057,538 | ||||||
| Time Warner Cable LLC |
1,000,000 | 1,225,592 | ||||||
| ViacomCBS, Inc. |
251,000 | 266,657 | ||||||
| 3.700%, 08/15/24 |
223,000 | 239,298 | ||||||
| 4.850%, 07/01/42 |
255,000 | 306,425 | ||||||
| 5.850%, 09/01/43 |
215,000 | 292,997 | ||||||
| 5.900%, 10/15/40 |
125,000 | 165,155 | ||||||
|
|
|
|||||||
| 15,971,298 | ||||||||
|
|
|
|||||||
| Mining—0.3% | ||||||||
| Anglo American Capital plc |
300,000 | 330,637 | ||||||
| Barrick Gold Corp. |
300,000 | 412,013 | ||||||
| Glencore Funding LLC |
898,000 | 900,956 | ||||||
| 2.500%, 09/01/30 (144A) |
2,270,000 | 2,222,281 | ||||||
| 4.125%, 05/30/23 (144A) |
346,000 | 365,653 | ||||||
|
|
|
|||||||
| 4,231,540 | ||||||||
|
|
|
|||||||
| Miscellaneous Manufacturing—0.1% | ||||||||
| General Electric Co. |
580,000 | 644,495 | ||||||
| Parker-Hannifin Corp. |
250,000 | 285,724 | ||||||
| 4.450%, 11/21/44 |
333,000 | 402,929 | ||||||
| Siemens Financieringsmaatschappij NV |
500,000 | 530,081 | ||||||
|
|
|
|||||||
| 1,863,229 | ||||||||
|
|
|
|||||||
| Oil & Gas—1.2% | ||||||||
| BP Capital Markets America, Inc. |
1,260,000 | 1,191,324 | ||||||
| 3.017%, 01/16/27 |
655,000 | 704,054 | ||||||
| BP Capital Markets plc |
534,000 | 584,829 | ||||||
| Chevron USA, Inc. |
450,000 | 598,793 | ||||||
| 6.000%, 03/01/41 |
360,000 | 522,122 | ||||||
| Cimarex Energy Co. |
710,000 | 776,825 | ||||||
| ConocoPhillips |
390,000 | 396,598 | ||||||
| Oil & Gas—(Continued) | ||||||||
| Diamondback Energy, Inc. |
440,000 | 471,174 | ||||||
| 4.750%, 05/31/25 |
900,000 | 1,005,327 | ||||||
| Ecopetrol S.A. |
433,000 | 450,701 | ||||||
| Eni S.p.A. |
385,000 | 409,640 | ||||||
| EQT Corp. |
200,000 | 216,446 | ||||||
| Exxon Mobil Corp. |
690,000 | 713,401 | ||||||
| 3.095%, 08/16/49 |
860,000 | 870,042 | ||||||
| Hess Corp. |
245,000 | 314,519 | ||||||
| HollyFrontier Corp. |
775,000 | 800,144 | ||||||
| 5.875%, 04/01/26 |
409,000 | 469,491 | ||||||
| Lundin Energy Finance B.V. |
389,000 | 391,347 | ||||||
| 3.100%, 07/15/31 (144A) |
335,000 | 339,672 | ||||||
| Marathon Petroleum Corp. |
93,000 | 99,794 | ||||||
| 4.500%, 05/01/23 |
232,000 | 245,186 | ||||||
| 4.700%, 05/01/25 |
416,000 | 464,358 | ||||||
| Pioneer Natural Resources Co. |
800,000 | 765,436 | ||||||
| Saudi Arabian Oil Co. |
200,000 | 201,280 | ||||||
| 1.625%, 11/24/25 (144A) |
220,000 | 220,011 | ||||||
| Suncor Energy, Inc. |
668,000 | 869,803 | ||||||
| 5.950%, 05/15/35 |
210,000 | 272,922 | ||||||
| 7.875%, 06/15/26 (e) |
544,000 | 682,938 | ||||||
| 9.250%, 10/15/21 |
243,000 | 243,663 | ||||||
| TotalEnergies Capital International S.A. |
900,000 | 915,189 | ||||||
| 3.127%, 05/29/50 |
870,000 | 874,772 | ||||||
| 3.461%, 07/12/49 |
660,000 | 706,575 | ||||||
| Valero Energy Corp. |
710,000 | 717,938 | ||||||
| 2.150%, 09/15/27 |
640,000 | 644,486 | ||||||
| 2.700%, 04/15/23 |
550,000 | 567,724 | ||||||
| 7.500%, 04/15/32 |
126,000 | 174,859 | ||||||
|
|
|
|||||||
| 19,893,383 | ||||||||
|
|
|
|||||||
| Oil & Gas Services—0.1% | ||||||||
| Baker Hughes Holdings LLC |
360,000 | 459,280 | ||||||
| Halliburton Co. |
215,000 | 246,156 | ||||||
| 4.850%, 11/15/35 |
270,000 | 318,453 | ||||||
| 6.750%, 02/01/27 |
200,000 | 245,972 | ||||||
| Schlumberger Investment S.A. |
650,000 | 670,573 | ||||||
|
|
|
|||||||
| 1,940,434 | ||||||||
|
|
|
|||||||
BHFTI-195
Brighthouse Funds Trust I
JPMorgan Core Bond Portfolio
Schedule of Investments as of September 30, 2021 (Unaudited)
Corporate Bonds & Notes—(Continued)
| Security Description | Principal Amount* |
Value | ||||||
| Packaging & Containers—0.1% | ||||||||
| Graphic Packaging International LLC |
894,000 | $ | 893,577 | |||||
| WRKCo, Inc. |
300,000 | 324,657 | ||||||
|
|
|
|||||||
| 1,218,234 | ||||||||
|
|
|
|||||||
| Pharmaceuticals—1.2% | ||||||||
| AbbVie, Inc. |
172,000 | 176,958 | ||||||
| 3.200%, 11/21/29 |
1,583,000 | 1,705,700 | ||||||
| 3.450%, 03/15/22 |
500,000 | 504,466 | ||||||
| 3.850%, 06/15/24 |
1,038,000 | 1,116,349 | ||||||
| 4.050%, 11/21/39 |
982,000 | 1,128,523 | ||||||
| 4.400%, 11/06/42 |
600,000 | 716,749 | ||||||
| 4.450%, 05/14/46 |
220,000 | 265,109 | ||||||
| AstraZeneca plc |
390,000 | 336,350 | ||||||
| 6.450%, 09/15/37 |
350,000 | 518,594 | ||||||
| Becton Dickinson & Co. |
24,000 | 25,935 | ||||||
| 3.794%, 05/20/50 |
575,000 | 642,440 | ||||||
| Bristol-Myers Squibb Co. |
527,000 | 632,926 | ||||||
| 4.550%, 02/20/48 |
550,000 | 705,526 | ||||||
| 5.000%, 08/15/45 (e) |
152,000 | 204,349 | ||||||
| Cigna Corp. |
156,000 | 194,842 | ||||||
| CVS Health Corp. |
179,000 | 204,177 | ||||||
| 5.050%, 03/25/48 |
2,065,000 | 2,658,073 | ||||||
| CVS Pass-Through Trust |
656,304 | 774,961 | ||||||
| 6.204%, 10/10/25 (144A) |
347,898 | 378,923 | ||||||
| 8.353%, 07/10/31 (144A) |
131,384 | 170,918 | ||||||
| Mead Johnson Nutrition Co. |
89,000 | 99,107 | ||||||
| Mylan, Inc. |
350,000 | 399,485 | ||||||
| 5.400%, 11/29/43 |
400,000 | 494,536 | ||||||
| Shire Acquisitions Investments Ireland DAC |
445,000 | 463,912 | ||||||
| 3.200%, 09/23/26 |
2,100,000 | 2,265,199 | ||||||
| Takeda Pharmaceutical Co., Ltd. |
945,000 | 959,460 | ||||||
| 3.175%, 07/09/50 (e) |
440,000 | 445,886 | ||||||
| Viatris, Inc. |
412,000 | 441,869 | ||||||
| Zoetis, Inc. |
590,000 | 584,532 | ||||||
|
|
|
|||||||
| 19,215,854 | ||||||||
|
|
|
|||||||
| Pipelines—1.0% | ||||||||
| ANR Pipeline Co. |
226,000 | 255,860 | ||||||
| Pipelines—(Continued) | ||||||||
| Boardwalk Pipelines L.P. |
630,000 | 662,034 | ||||||
| Buckeye Partners L.P. |
575,000 | 575,518 | ||||||
| Cameron LNG LLC |
769,000 | 850,877 | ||||||
| Cheniere Corpus Christi Holdings LLC |
400,000 | 434,080 | ||||||
| 5.125%, 06/30/27 |
530,000 | 612,737 | ||||||
| Enable Midstream Partners L.P. |
350,000 | 371,609 | ||||||
| 4.150%, 09/15/29 |
443,000 | 480,174 | ||||||
| 4.950%, 05/15/28 |
290,000 | 325,764 | ||||||
| Energy Transfer L.P. |
117,000 | 127,733 | ||||||
| 4.950%, 01/15/43 |
394,000 | 430,348 | ||||||
| 5.300%, 04/01/44 |
200,000 | 231,720 | ||||||
| 5.500%, 06/01/27 |
167,000 | 195,946 | ||||||
| 6.050%, 06/01/41 |
270,000 | 334,968 | ||||||
| 6.100%, 02/15/42 |
500,000 | 619,463 | ||||||
| Enterprise Products Operating LLC |
470,000 | 501,588 | ||||||
| 4.950%, 10/15/54 |
179,000 | 225,244 | ||||||
| 5.100%, 02/15/45 |
200,000 | 248,852 | ||||||
| Flex Intermediate Holdco LLC |
600,000 | 608,635 | ||||||
| 4.317%, 12/30/39 (144A) |
425,000 | 439,262 | ||||||
| Galaxy Pipeline Assets Bidco, Ltd. |
800,000 | 798,332 | ||||||
| Gray Oak Pipeline LLC |
415,000 | 422,943 | ||||||
| 2.600%, 10/15/25 (144A) |
1,300,000 | 1,332,607 | ||||||
| Kinder Morgan, Inc. |
410,000 | 395,177 | ||||||
| 3.250%, 08/01/50 |
500,000 | 481,942 | ||||||
| 5.050%, 02/15/46 |
250,000 | 302,296 | ||||||
| ONEOK Partners L.P. |
950,000 | 1,274,634 | ||||||
| ONEOK, Inc. |
245,000 | 261,287 | ||||||
| Phillips 66 Partners L.P. |
330,000 | 344,904 | ||||||
| 3.550%, 10/01/26 |
100,000 | 107,746 | ||||||
| 4.900%, 10/01/46 |
200,000 | 237,415 | ||||||
| Plains All American Pipeline L.P. / PAA Finance Corp. |
560,000 | 600,992 | ||||||
| Southern Natural Gas Co. LLC |
244,000 | 297,288 | ||||||
| TC PipeLines L.P. |
100,000 | 110,943 | ||||||
| Tennessee Gas Pipeline Co. LLC |
425,000 | 439,502 | ||||||
| TransCanada PipeLines, Ltd. |
400,000 | 422,060 | ||||||
| 4.750%, 05/15/38 |
300,000 | 357,079 | ||||||
BHFTI-196
Brighthouse Funds Trust I
JPMorgan Core Bond Portfolio
Schedule of Investments as of September 30, 2021 (Unaudited)
Corporate Bonds & Notes—(Continued)
| Security Description | Principal Amount* |
Value | ||||||
| Pipelines—(Continued) | ||||||||
| Williams Cos., Inc. (The) |
300,000 | $ | 366,781 | |||||
|
|
|
|||||||
| 17,086,340 | ||||||||
|
|
|
|||||||
| Real Estate—0.1% | ||||||||
| Goodman Australia Industrial Fund Bond Issuer Pty, Ltd. |
632,000 | 683,942 | ||||||
| Ontario Teachers’ Cadillac Fairview Properties Trust |
603,000 | 665,817 | ||||||
|
|
|
|||||||
| 1,349,759 | ||||||||
|
|
|
|||||||
| Real Estate Investment Trusts—1.9% | ||||||||
| Alexandria Real Estate Equities, Inc. |
410,000 | 385,795 | ||||||
| 2.000%, 05/18/32 |
710,000 | 688,258 | ||||||
| 3.800%, 04/15/26 |
175,000 | 192,925 | ||||||
| 4.000%, 02/01/50 |
566,000 | 655,184 | ||||||
| American Tower Corp. |
965,000 | 934,748 | ||||||
| 1.875%, 10/15/30 (e) |
845,000 | 811,507 | ||||||
| 2.100%, 06/15/30 |
470,000 | 459,930 | ||||||
| 2.250%, 01/15/22 |
500,000 | 502,679 | ||||||
| 2.950%, 01/15/51 |
255,000 | 240,492 | ||||||
| 3.100%, 06/15/50 |
390,000 | 381,758 | ||||||
| 3.375%, 10/15/26 |
287,000 | 310,564 | ||||||
| 3.700%, 10/15/49 |
665,000 | 719,118 | ||||||
| Boston Properties L.P. |
380,000 | 403,463 | ||||||
| 3.850%, 02/01/23 |
800,000 | 829,552 | ||||||
| Brixmor Operating Partnership L.P. |
600,000 | 605,113 | ||||||
| 2.500%, 08/16/31 |
325,000 | 320,212 | ||||||
| 3.850%, 02/01/25 (e) |
500,000 | 540,500 | ||||||
| Corporate Office Properties L.P. |
1,153,000 | 1,164,695 | ||||||
| Crown Castle International Corp. |
915,000 | 894,197 | ||||||
| Digital Realty Trust L.P. |
270,000 | 300,122 | ||||||
| Equinix, Inc. |
1,388,000 | 1,384,383 | ||||||
| 2.900%, 11/18/26 |
875,000 | 927,926 | ||||||
| Essex Portfolio L.P. |
565,000 | 570,954 | ||||||
| Goodman U.S. Finance Three LLC |
387,000 | 418,597 | ||||||
| Healthcare Trust of America Holdings L.P. |
470,000 | 450,612 | ||||||
| Healthpeak Properties, Inc. |
600,000 | 656,553 | ||||||
| Life Storage L.P. |
390,000 | 386,217 | ||||||
| 3.500%, 07/01/26 |
1,000,000 | 1,090,348 | ||||||
| Mid-America Apartments L.P. |
470,000 | 445,976 | ||||||
| Real Estate Investment Trusts—(Continued) | ||||||||
| National Retail Properties, Inc. |
453,000 | 492,720 | ||||||
| Office Properties Income Trust |
925,000 | 933,106 | ||||||
| 3.450%, 10/15/31 |
365,000 | 357,053 | ||||||
| 4.000%, 07/15/22 |
627,000 | 641,488 | ||||||
| Prologis L.P. |
200,000 | 203,591 | ||||||
| Realty Income Corp. |
200,000 | 214,152 | ||||||
| 3.250%, 01/15/31 |
345,000 | 374,381 | ||||||
| 3.875%, 04/15/25 |
505,000 | 553,185 | ||||||
| Regency Centers L.P. |
560,000 | 587,497 | ||||||
| Sabra Health Care L.P. |
660,000 | 646,552 | ||||||
| Safehold Operating Partnership L.P. |
2,220,000 | 2,226,106 | ||||||
| Scentre Group Trust 1 / Scentre Group Trust 2 |
720,000 | 767,157 | ||||||
| Scentre Group Trust 2 |
635,000 | 679,133 | ||||||
| SITE Centers Corp. |
226,000 | 254,544 | ||||||
| UDR, Inc. |
470,000 | 450,829 | ||||||
| 2.950%, 09/01/26 |
233,000 | 247,352 | ||||||
| 3.000%, 08/15/31 |
95,000 | 99,414 | ||||||
| 3.200%, 01/15/30 |
625,000 | 669,239 | ||||||
| Ventas Realty L.P. |
197,000 | 210,790 | ||||||
| 3.850%, 04/01/27 |
369,000 | 408,788 | ||||||
| Welltower, Inc. |
445,000 | 470,521 | ||||||
| 6.500%, 03/15/41 |
225,000 | 322,738 | ||||||
| WP Carey, Inc. |
845,000 | 807,240 | ||||||
| 4.250%, 10/01/26 |
285,000 | 319,688 | ||||||
|
|
|
|||||||
| 30,609,642 | ||||||||
|
|
|
|||||||
| Retail—0.6% | ||||||||
| 7-Eleven, Inc. |
405,000 | 389,338 | ||||||
| 2.500%, 02/10/41 (144A) |
409,000 | 375,741 | ||||||
| Alimentation Couche-Tard, Inc. |
360,000 | 374,514 | ||||||
| 3.439%, 05/13/41 (144A) |
780,000 | 802,056 | ||||||
| 3.625%, 05/13/51 (144A) |
870,000 | 898,475 | ||||||
| 3.800%, 01/25/50 (144A) |
625,000 | 669,230 | ||||||
| AutoZone, Inc. |
530,000 | 503,431 | ||||||
| Dollar General Corp. |
485,000 | 550,391 | ||||||
| Kohl’s Corp. |
800,000 | 823,264 | ||||||
BHFTI-197
Brighthouse Funds Trust I
JPMorgan Core Bond Portfolio
Schedule of Investments as of September 30, 2021 (Unaudited)
Corporate Bonds & Notes—(Continued)
| Security Description | Principal Amount* |
Value | ||||||
| Retail—(Continued) | ||||||||
| Lowe’s Cos., Inc. |
1,085,000 | $ | 1,037,348 | |||||
| 2.625%, 04/01/31 (e) |
700,000 | 717,499 | ||||||
| 3.120%, 04/15/22 |
300,000 | 302,412 | ||||||
| 3.125%, 09/15/24 |
276,000 | 293,744 | ||||||
| 3.650%, 04/05/29 |
198,000 | 219,221 | ||||||
| McDonald’s Corp. |
180,000 | 219,577 | ||||||
| 4.700%, 12/09/35 |
84,000 | 103,711 | ||||||
| 6.300%, 10/15/37 |
152,000 | 217,545 | ||||||
| Nordstrom, Inc. |
908,000 | 919,585 | ||||||
| O’Reilly Automotive, Inc. |
494,000 | 548,995 | ||||||
|
|
|
|||||||
| 9,966,077 | ||||||||
|
|
|
|||||||
| Savings & Loans—0.0% | ||||||||
| Nationwide Building Society |
380,000 | 377,462 | ||||||
|
|
|
|||||||
| Semiconductors—0.7% | ||||||||
| Analog Devices, Inc. |
722,000 | 722,090 | ||||||
| 3.125%, 12/05/23 |
293,000 | 308,087 | ||||||
| 4.500%, 12/05/36 |
336,000 | 393,559 | ||||||
| Broadcom, Inc. |
1,800,000 | 1,777,314 | ||||||
| 3.137%, 11/15/35 |
1,685,000 | 1,671,587 | ||||||
| 3.187%, 11/15/36 (144A) |
465,000 | 463,650 | ||||||
| 4.110%, 09/15/28 |
983,000 | 1,093,718 | ||||||
| KLA Corp. |
310,000 | 326,162 | ||||||
| Microchip Technology, Inc. |
970,000 | 970,611 | ||||||
| 0.983%, 09/01/24 (144A) |
1,200,000 | 1,198,548 | ||||||
| NXP B.V. / NXP Funding LLC / NXP USA, Inc. |
1,085,000 | 1,095,099 | ||||||
| 3.250%, 05/11/41 (144A) |
1,115,000 | 1,151,598 | ||||||
| Xilinx, Inc. |
700,000 | 714,183 | ||||||
|
|
|
|||||||
| 11,886,206 | ||||||||
|
|
|
|||||||
| Software—0.5% | ||||||||
| Citrix Systems, Inc. |
275,000 | 270,509 | ||||||
| Fiserv, Inc. |
305,000 | 329,292 | ||||||
| 4.400%, 07/01/49 |
295,000 | 353,216 | ||||||
| Microsoft Corp. |
400,000 | 424,912 | ||||||
| 2.921%, 03/17/52 |
272,000 | 281,193 | ||||||
| 3.041%, 03/17/62 |
149,000 | 157,393 | ||||||
| 3.500%, 02/12/35 |
296,000 | 340,835 | ||||||
| Software—(Continued) | ||||||||
| Oracle Corp. |
2,500,000 | 2,556,177 | ||||||
| 3.800%, 11/15/37 |
900,000 | 971,216 | ||||||
| 3.850%, 07/15/36 |
124,000 | 134,718 | ||||||
| 3.900%, 05/15/35 |
106,000 | 116,691 | ||||||
| 4.300%, 07/08/34 |
103,000 | 116,926 | ||||||
| Roper Technologies, Inc. |
1,050,000 | 1,036,915 | ||||||
| VMware, Inc. | ||||||||
| 1.400%, 08/15/26 |
1,306,000 | 1,300,123 | ||||||
| 4.650%, 05/15/27 |
425,000 | 488,015 | ||||||
|
|
|
|||||||
| 8,878,131 | ||||||||
|
|
|
|||||||
| Telecommunications—1.3% | ||||||||
| AT&T, Inc. | ||||||||
| 1.650%, 02/01/28 |
80,000 | 79,359 | ||||||
| 2.250%, 02/01/32 |
510,000 | 496,568 | ||||||
| 2.300%, 06/01/27 |
1,740,000 | 1,800,858 | ||||||
| 3.100%, 02/01/43 |
770,000 | 738,235 | ||||||
| 3.500%, 06/01/41 |
479,000 | 491,803 | ||||||
| 3.500%, 09/15/53 |
2,795,000 | 2,766,267 | ||||||
| Deutsche Telekom AG |
276,000 | 293,876 | ||||||
| NBN Co., Ltd. |
1,600,000 | 1,623,256 | ||||||
| T-Mobile USA, Inc. |
1,760,000 | 1,774,080 | ||||||
| 3.000%, 02/15/41 |
975,000 | 943,344 | ||||||
| 3.600%, 11/15/60 (144A) (e) |
385,000 | 378,522 | ||||||
| 3.750%, 04/15/27 |
1,705,000 | 1,878,383 | ||||||
| Verizon Communications, Inc. |
385,000 | 390,810 | ||||||
| 2.650%, 11/20/40 |
779,000 | 731,926 | ||||||
| 2.987%, 10/30/56 |
654,000 | 603,881 | ||||||
| 4.125%, 03/16/27 |
400,000 | 453,955 | ||||||
| 4.272%, 01/15/36 |
280,000 | 328,920 | ||||||
| 4.400%, 11/01/34 |
600,000 | 710,565 | ||||||
| 4.672%, 03/15/55 |
1,490,000 | 1,867,409 | ||||||
| 4.862%, 08/21/46 |
780,000 | 993,324 | ||||||
| Vodafone Group plc | ||||||||
| 5.250%, 05/30/48 |
540,000 | 698,961 | ||||||
| 6.150%, 02/27/37 |
500,000 | 683,977 | ||||||
|
|
|
|||||||
| 20,728,279 | ||||||||
|
|
|
|||||||
| Transportation—0.3% | ||||||||
| Burlington Northern Santa Fe LLC |
233,000 | 261,294 | ||||||
| 7.950%, 08/15/30 |
1,185,000 | 1,711,861 | ||||||
| Burlington Northern, Inc. |
812,000 | 839,002 | ||||||
| CSX Corp. |
404,000 | 521,562 | ||||||
| 6.000%, 10/01/36 |
300,000 | 416,067 | ||||||
| Kansas City Southern |
597,000 | 740,057 | ||||||
BHFTI-198
Brighthouse Funds Trust I
JPMorgan Core Bond Portfolio
Schedule of Investments as of September 30, 2021 (Unaudited)
Corporate Bonds & Notes—(Continued)
| Security Description | Principal Amount* |
Value | ||||||
| Transportation—(Continued) | ||||||||
| Norfolk Southern Corp. |
679,000 | $ | 722,495 | |||||
| 3.942%, 11/01/47 |
219,000 | 249,564 | ||||||
| Union Pacific Corp. |
200,000 | 235,359 | ||||||
|
|
|
|||||||
| 5,697,261 | ||||||||
|
|
|
|||||||
| Trucking & Leasing—0.1% | ||||||||
| Penske Truck Leasing Co. L.P. / PTL Finance Corp. |
948,000 | 974,801 | ||||||
| 4.125%, 08/01/23 (144A) |
598,000 | 633,749 | ||||||
|
|
|
|||||||
| 1,608,550 | ||||||||
|
|
|
|||||||
| Water—0.0% | ||||||||
| American Water Capital Corp. |
750,000 | 786,678 | ||||||
|
|
|
|||||||
| Total Corporate Bonds & Notes |
554,641,021 | |||||||
|
|
|
|||||||
| Asset-Backed Securities—9.3% |
| |||||||
| Asset-Backed - Automobile—2.6% | ||||||||
| AmeriCredit Automobile Receivables Trust |
130,276 | 130,770 | ||||||
| Carvana Auto Receivables Trust |
3,815,000 | 3,930,432 | ||||||
| CPS Auto Receivables Trust |
101,596 | 101,992 | ||||||
| Credit Acceptance Auto Loan Trust |
2,700,000 | 2,707,514 | ||||||
| Credito Real USA Auto Receivables Trust |
1,237,729 | 1,238,143 | ||||||
| Drive Auto Receivables Trust |
948,000 | 951,875 | ||||||
| 1.450%, 01/16/29 |
1,600,000 | 1,604,073 | ||||||
| 3.180%, 10/15/26 |
1,160,000 | 1,193,302 | ||||||
| 3.530%, 12/15/23 (144A) |
622,307 | 625,524 | ||||||
| 3.840%, 03/15/23 |
32,530 | 32,577 | ||||||
| 4.090%, 06/15/26 |
1,225,000 | 1,261,437 | ||||||
| DT Auto Owner Trust |
1,432,000 | 1,435,395 | ||||||
| 3.810%, 12/15/23 (144A) |
246,197 | 246,992 | ||||||
| Flagship Credit Auto Trust |
650,000 | 662,103 | ||||||
| 3.790%, 12/16/24 (144A) |
3,855,000 | 3,917,928 | ||||||
| GLS Auto Receivables Issuer Trust |
625,000 | 628,814 | ||||||
| 1.480%, 07/15/27 (144A) |
4,400,000 | 4,379,890 | ||||||
| 1.680%, 01/15/27 (144A) |
1,200,000 | 1,203,625 | ||||||
| GLS Auto Receivables Trust |
2,250,000 | 2,243,189 | ||||||
| LP LMS ASSET |
2,828,227 | 2,858,609 | ||||||
| Asset-Backed - Automobile—(Continued) | ||||||||
| Sonoran Auto Receivables Trust |
1,798,751 | 1,798,751 | ||||||
| 4.750%, 06/15/25 |
2,006,318 | 2,006,318 | ||||||
| Tricolor Auto Securitization Trust |
1,354,456 | 1,366,459 | ||||||
| U.S. Auto Funding LLC |
2,697,615 | 2,698,174 | ||||||
| 1.490%, 03/17/25 (144A) |
3,189,000 | 3,195,058 | ||||||
|
|
|
|||||||
| 42,418,944 | ||||||||
|
|
|
|||||||
| Asset-Backed - Credit Card—0.4% | ||||||||
| Continental Finance Credit Card ABS Master Trust |
1,500,000 | 1,510,300 | ||||||
| Mercury Financial Credit Card Master Trust |
1,695,000 | 1,699,750 | ||||||
| World Financial Network Credit Card Master Trust |
2,635,000 | 2,664,013 | ||||||
|
|
|
|||||||
| 5,874,063 | ||||||||
|
|
|
|||||||
| Asset-Backed - Other—6.3% | ||||||||
| Accelerated LLC |
2,207,000 | 2,204,759 | ||||||
| Ajax Mortgage Loan Trust |
2,688,116 | 2,683,478 | ||||||
| American Homes 4 Rent Trust |
1,101,575 | 1,162,576 | ||||||
| 3.678%, 12/17/36 (144A) |
87,611 | 93,016 | ||||||
| 4.201%, 12/17/36 (144A) |
400,000 | 423,451 | ||||||
| 4.290%, 10/17/36 (144A) |
300,000 | 317,349 | ||||||
| 4.596%, 12/17/36 (144A) |
250,000 | 266,481 | ||||||
| 5.036%, 10/17/52 (144A) |
1,900,000 | 2,066,969 | ||||||
| 5.639%, 04/17/52 (144A) |
500,000 | 548,042 | ||||||
| 6.231%, 10/17/36 (144A) |
650,000 | 713,192 | ||||||
| 6.418%, 12/17/36 (144A) |
300,000 | 332,060 | ||||||
| American Tower Trust I |
920,000 | 920,917 | ||||||
| AMSR Trust |
1,694,000 | 1,682,147 | ||||||
| Business Jet Securities LLC |
1,554,609 | 1,561,469 | ||||||
| 2.918%, 04/15/36 (144A) |
2,872,207 | 2,885,756 | ||||||
| 2.981%, 11/15/35 (144A) |
1,636,827 | 1,658,042 | ||||||
| 4.212%, 07/15/34 (144A) |
2,137,702 | 2,192,133 | ||||||
| Camillo |
3,355,466 | 3,443,547 | ||||||
| Cars Net Lease Mortgage Notes |
597,750 | 612,949 | ||||||
| Conix Mortgage Asset Trust |
1,078,519 | 17,041 | ||||||
| Consumer Receivables Asset Investment Trust |
2,210,000 | 2,208,983 | ||||||
| COOF Securitization Trust, Ltd. |
555,785 | 47,982 | ||||||
BHFTI-199
Brighthouse Funds Trust I
JPMorgan Core Bond Portfolio
Schedule of Investments as of September 30, 2021 (Unaudited)
Asset-Backed Securities—(Continued)
| Security Description | Principal Amount* |
Value | ||||||
| Asset-Backed - Other—(Continued) | ||||||||
| CoreVest American Finance Trust |
1,421,420 | $ | 1,480,199 | |||||
| 3.880%, 03/15/52 (144A) |
2,470,000 | 2,678,990 | ||||||
| Crossroads Asset Trust |
1,650,000 | 1,649,134 | ||||||
| DataBank Issuer |
1,950,000 | 1,946,063 | ||||||
| Diamond Resorts Owner Trust |
428,055 | 432,312 | ||||||
| 3.700%, 01/21/31 (144A) |
846,104 | 876,112 | ||||||
| FirstKey Homes Trust |
3,700,000 | 3,750,274 | ||||||
| Foundation Finance Trust |
811,138 | 834,833 | ||||||
| FTF Funding II LLC |
566,320 | 427,571 | ||||||
| Gold Key Resorts LLC |
78,420 | 79,326 | ||||||
| Goodgreen Trust |
1,425,274 | 1,455,464 | ||||||
| 3.260%, 10/15/53 (144A) |
1,575,697 | 1,642,142 | ||||||
| 3.740%, 10/15/52 (144A) |
327,713 | 344,608 | ||||||
| 5.000%, 10/20/51 |
2,394,079 | 2,364,889 | ||||||
| HERO Funding Trust |
299,607 | 307,527 | ||||||
| 3.950%, 09/20/48 (144A) |
1,125,756 | 1,188,320 | ||||||
| 4.460%, 09/20/47 (144A) |
906,714 | 966,055 | ||||||
| Hilton Grand Vacations Trust |
319,295 | 326,202 | ||||||
| KGS-Alpha SBA COOF Trust |
2,421,863 | 33,572 | ||||||
| 0.618%, 08/25/38 (144A) (a) (c) |
1,700,924 | 26,283 | ||||||
| 1.190%, 03/25/39 (144A) (a) (c) |
1,776,651 | 68,636 | ||||||
| 2.095%, 04/25/40 (144A) (a) (c) |
488,002 | 39,478 | ||||||
| LFT CRE, Ltd. |
3,280,000 | 3,281,020 | ||||||
| LL ABS Trust |
817,472 | 821,851 | ||||||
| Nationstar HECM Loan Trust |
2,316,869 | 2,323,186 | ||||||
| NRZ Excess Spread-Collateralized Notes |
5,434,173 | 5,453,537 | ||||||
| 3.228%, 05/25/26 (144A) |
2,532,596 | 2,542,364 | ||||||
| 3.844%, 12/25/25 (144A) |
2,388,591 | 2,413,908 | ||||||
| Oportun Funding LLC |
950,000 | 952,537 | ||||||
| Pagaya AI Debt Selection Trust |
4,692,226 | 4,703,440 | ||||||
| Pretium Mortgage Credit Partners I LLC |
1,674,127 | 1,674,689 | ||||||
| Progress Residential |
1,960,000 | 1,963,645 | ||||||
| Regional Management Issuance Trust |
2,309,000 | 2,303,920 | ||||||
| Renew Financial |
398,039 | 416,710 | ||||||
| Asset-Backed - Other—(Continued) | ||||||||
| Sierra Timeshare Receivables Funding LLC |
1,313,292 | 1,316,333 | ||||||
| SOL S.p.A. |
975,571 | 1,010,522 | ||||||
| Upstart Securitization Trust |
1,589,923 | 1,592,785 | ||||||
| 1.890%, 03/20/31 (144A) |
914,000 | 918,745 | ||||||
| VM DEBT LLC |
2,400,000 | 2,400,000 | ||||||
| VOLT C LLC |
1,817,846 | 1,818,736 | ||||||
| VOLT CI LLC |
1,772,040 | 1,774,231 | ||||||
| VOLT LLC |
1,240,023 | 1,241,261 | ||||||
| 2.240%, 04/25/51 (144A) (g) |
2,600,686 | 2,601,060 | ||||||
| VOLT XCII LLC |
1,174,216 | 1,174,241 | ||||||
| VOLT XCIII LLC |
3,831,108 | 3,843,108 | ||||||
| VOLT XCIV LLC |
2,901,238 | 2,903,903 | ||||||
| VSE VOI Mortgage LLC |
631,804 | 658,926 | ||||||
|
|
|
|||||||
| 103,064,987 | ||||||||
|
|
|
|||||||
| Asset-Backed - Student Loan—0.0% | ||||||||
| Academic Loan Funding Trust |
636,441 | 634,765 | ||||||
|
|
|
|||||||
| Total Asset-Backed Securities |
151,992,759 | |||||||
|
|
|
|||||||
| Mortgage-Backed Securities—6.6% |
| |||||||
| Collateralized Mortgage Obligations—4.4% | ||||||||
| ACRE TL |
2,072,727 | 2,052,000 | ||||||
| Banc of America Funding Trust |
155,373 | 162,475 | ||||||
| BVRT Financing Trust |
446,936 | 446,936 | ||||||
| 3.152%, 11/10/22 (144A)† (h) (i) |
1,879,926 | 1,879,926 | ||||||
| FMC GMSR Issuer Trust |
3,300,000 | 3,291,377 | ||||||
| 3.690%, 02/25/24 |
5,000,000 | 5,018,430 | ||||||
| 4.450%, 01/25/26 (144A) (a) |
3,100,000 | 3,079,041 | ||||||
| Global Mortgage Securitization, Ltd. |
175,265 | 171,114 | ||||||
| HarborView Mortgage Loan Trust |
395,932 | 401,953 | ||||||
| Headlands Residential LLC |
4,450,000 | 4,472,009 | ||||||
| 3.875%, 11/25/24 (144A) (g) |
3,600,000 | 3,626,379 | ||||||
| 3.967%, 06/25/24 (144A) (g) |
50,721 | 50,816 | ||||||
| Impac CMB Trust |
1,155,636 | 1,174,184 | ||||||
| JPMorgan Mortgage Trust |
61,757 | 65,208 | ||||||
BHFTI-200
Brighthouse Funds Trust I
JPMorgan Core Bond Portfolio
Schedule of Investments as of September 30, 2021 (Unaudited)
Mortgage-Backed Securities—(Continued)
| Security Description | Principal Amount* |
Value | ||||||
| Collateralized Mortgage Obligations—(Continued) | ||||||||
| LHOME Mortgage Trust |
1,525,000 | $ | 1,521,936 | |||||
| MASTR Asset Securitization Trust |
117,055 | 115,140 | ||||||
| Merrill Lynch Mortgage Investors Trust |
168,470 | 167,648 | ||||||
| 0.586%, 1M LIBOR + 0.500%, 05/25/29 (a) |
563,460 | 564,765 | ||||||
| 0.706%, 1M LIBOR + 0.620%, 10/25/28 (a) |
222,873 | 226,503 | ||||||
| 0.726%, 1M LIBOR + 0.640%, 10/25/28 (a) |
334,551 | 337,524 | ||||||
| 0.859%, 6M LIBOR + 0.680%, 01/25/29 (a) |
310,694 | 311,934 | ||||||
| MRA Issuance Trust |
5,100,000 | 5,105,044 | ||||||
| 2.000%, 04/01/22 |
4,450,000 | 4,450,000 | ||||||
| 2.836%, 1M LIBOR + 2.750%, 02/16/22 (144A) (a) |
5,100,000 | 5,101,923 | ||||||
| Preston Ridge Partners Mortgage LLC |
1,750,256 | 1,757,711 | ||||||
| 2.115%, 01/25/26 (144A) (a) |
2,843,541 | 2,848,745 | ||||||
| Seasoned Credit Risk Transfer Trust |
3,725,161 | 3,968,508 | ||||||
| 3.500%, 10/25/58 |
1,324,993 | 1,498,688 | ||||||
| 4.000%, 11/25/57 |
3,650,826 | 3,947,674 | ||||||
| Sequoia Mortgage Trust |
599,928 | 619,655 | ||||||
| 0.727%, 1M LIBOR + 0.640%, 01/20/34 (a) |
348,747 | 356,327 | ||||||
| 0.747%, 1M LIBOR + 0.660%, 07/20/33 (a) |
394,092 | 392,775 | ||||||
| 0.767%, 1M LIBOR + 0.680%, 10/20/34 (a) |
641,500 | 630,922 | ||||||
| 0.847%, 1M LIBOR + 0.760%, 04/20/33 (a) |
291,520 | 296,919 | ||||||
| Structured Asset Mortgage Investments Trust |
523,389 | 515,934 | ||||||
| Structured Asset Mortgage Investments Trust II |
624,165 | 627,161 | ||||||
| 0.787%, 1M LIBOR + 0.700%, 03/19/34 (a) |
571,933 | 573,910 | ||||||
| Structured Asset Securities Corp. Mortgage Pass-Through Certificates |
174,399 | 180,838 | ||||||
| Thornburg Mortgage Securities Trust |
279,862 | 286,663 | ||||||
| 1.845%, 12/25/44 (a) |
344,978 | 347,614 | ||||||
| 2.079%, 04/25/45 (a) |
648,531 | 665,140 | ||||||
| Toorak Mortgage Corp. |
2,107,000 | 2,118,011 | ||||||
| Towd Point Mortgage Trust |
4,731,525 | 4,823,341 | ||||||
| ZH Trust |
1,400,000 | 1,401,541 | ||||||
|
|
|
|||||||
| 71,652,342 | ||||||||
|
|
|
|||||||
| Commercial Mortgage-Backed Securities—2.2% | ||||||||
| BAMLL Commercial Mortgage Securities Trust |
1,200,000 | 1,303,180 | ||||||
| BB-UBS Trust |
2,950,000 | 3,109,519 | ||||||
| Citigroup Commercial Mortgage Trust |
4,330,000 | 4,542,651 | ||||||
| Commercial Mortgage-Backed Securities—(Continued) | ||||||||
| Commercial Mortgage Trust |
119,969,349 | 490,087 | ||||||
| 2.896%, 02/10/37 (144A) |
3,050,000 | 3,158,154 | ||||||
| 3.942%, 04/10/33 (144A) (a) |
1,450,000 | 1,594,335 | ||||||
| Credit Suisse Mortgage Capital Certificates |
1,000,000 | 951,634 | ||||||
| Independence Plaza Trust |
2,935,000 | 3,085,529 | ||||||
| Ladder Capital Commercial Mortgage Trust |
768,000 | 850,088 | ||||||
| MRCD Mortgage Trust |
1,997,000 | 2,005,564 | ||||||
| RBS Commercial Funding, Inc. Trust |
531,000 | 541,788 | ||||||
| RR Trust |
||||||||
| Zero Coupon, 04/26/48 (144A)† (b) |
8,830,000 | 8,188,657 | ||||||
| SLG Office Trust |
3,090,000 | 3,193,987 | ||||||
| VNDO Mortgage Trust |
1,400,000 | 1,429,712 | ||||||
| Wells Fargo Commercial Mortgage Trust |
1,545,337 | 1,553,970 | ||||||
| WF-RBS Commercial Mortgage Trust |
300,000 | 296,977 | ||||||
|
|
|
|||||||
| 36,295,832 | ||||||||
|
|
|
|||||||
| Total Mortgage-Backed Securities |
107,948,174 | |||||||
|
|
|
|||||||
| Foreign Government—0.6% |
| |||||||
| Sovereign—0.6% | ||||||||
| Chile Government International Bond |
394,000 | 390,387 | ||||||
| Colombia Government International Bonds |
923,000 | 964,535 | ||||||
| 5.000%, 06/15/45 (e) |
749,000 | 730,005 | ||||||
| 5.625%, 02/26/44 |
200,000 | 208,578 | ||||||
| 7.375%, 09/18/37 |
200,000 | 245,692 | ||||||
| Israel Government AID Bond | ||||||||
| Zero Coupon, 08/15/25 |
2,500,000 | 2,379,468 | ||||||
| Mexico Government International Bonds |
848,000 | 818,091 | ||||||
| 3.771%, 05/24/61 |
625,000 | 554,194 | ||||||
| 4.125%, 01/21/26 |
189,000 | 211,132 | ||||||
| 4.350%, 01/15/47 |
228,000 | 228,246 | ||||||
| 4.600%, 01/23/46 |
959,000 | 993,783 | ||||||
| 4.600%, 02/10/48 |
200,000 | 205,962 | ||||||
| 5.750%, 10/12/10 |
500,000 | 568,785 | ||||||
| Panama Government International Bond |
350,000 | 380,874 | ||||||
BHFTI-201
Brighthouse Funds Trust I
JPMorgan Core Bond Portfolio
Schedule of Investments as of September 30, 2021 (Unaudited)
Foreign Government—(Continued)
| Security Description | Principal Amount* |
Value | ||||||
| Sovereign—(Continued) | ||||||||
| Republic of South Africa Government Bond |
384,000 | $ | 430,072 | |||||
| Saudi Government International Bond |
490,000 | 476,407 | ||||||
|
|
|
|||||||
| Total Foreign Government |
9,786,211 | |||||||
|
|
|
|||||||
| Short-Term Investment—3.5% |
| |||||||
| Repurchase Agreement—3.5% | ||||||||
| Fixed Income Clearing Corp. |
57,836,266 | 57,836,266 | ||||||
|
|
|
|||||||
| Total Short-Term Investments |
57,836,266 | |||||||
|
|
|
|||||||
| Securities Lending Reinvestments (j)—3.7% |
| |||||||
| Certificates of Deposit—0.5% | ||||||||
| Barclays Bank plc |
2,000,000 | 2,001,154 | ||||||
| Oversea-Chinese Banking Corp., Ltd. |
2,000,000 | 2,000,108 | ||||||
| Royal Bank of Canada New York |
1,000,000 | 1,000,011 | ||||||
| Standard Chartered Bank (NY) |
1,000,000 | 1,000,000 | ||||||
| Sumitomo Mitsui Trust Bank, Ltd. |
2,000,000 | 1,999,988 | ||||||
|
|
|
|||||||
| 8,001,261 | ||||||||
|
|
|
|||||||
| Commercial Paper—0.1% | ||||||||
| UBS AG |
1,000,000 | 999,073 | ||||||
|
|
|
|||||||
| Repurchase Agreements—2.5% | ||||||||
| Barclays Bank plc |
50,000 | 50,000 | ||||||
| Barclays Capital, Inc. |
6,870,517 | 6,870,517 | ||||||
| Repurchase Agreements—(Continued) | ||||||||
| Cantor Fitzgerald & Co. |
8,000,000 | 8,000,000 | ||||||
| CF Secured LLC |
2,000,000 | 2,000,000 | ||||||
| Deutsche Bank AG, London |
1,200,000 | 1,200,000 | ||||||
| ING Financial Markets LLC |
5,900,000 | 5,900,000 | ||||||
| National Bank of Canada |
3,000,000 | 3,000,000 | ||||||
| NBC Global Finance, Ltd. |
1,700,000 | 1,700,000 | ||||||
| Repurchase Agreement dated 09/30/21 at 0.250%, due on 10/07/21 with a maturity value of $200,010; collateralized by U.S. Treasury Obligations with rates ranging from 0.095% - 2.000%, maturity dates ranging from 07/31/22 - 02/15/50, and various Common Stock with an aggregate market value of $222,124. |
200,000 | 200,000 | ||||||
| Societe Generale |
2,400,000 | 2,400,000 | ||||||
| Repurchase Agreement dated 09/30/21 at 0.170%, due on 10/01/21 with a maturity value of $6,050,029; collateralized by various Common Stock with an aggregate market value of $6,722,356. |
6,050,000 | 6,050,000 | ||||||
BHFTI-202
Brighthouse Funds Trust I
JPMorgan Core Bond Portfolio
Schedule of Investments as of September 30, 2021 (Unaudited)
Securities Lending Reinvestments (j)—(Continued)
| Security Description | Shares/ Principal |
Value | ||||||
| Repurchase Agreements—(Continued) | ||||||||
| Societe Generale | ||||||||
| Repurchase Agreement dated 09/30/21 at 0.200%, due on 10/07/21 with a maturity value of $2,845,639; collateralized by various Common Stock with an aggregate market value of $3,161,761. |
2,845,528 | $ | 2,845,528 | |||||
|
|
|
|||||||
| 40,216,045 | ||||||||
|
|
|
|||||||
| Time Deposits—0.3% | ||||||||
| First Abu Dhabi Bank USA NV |
2,000,000 | 2,000,000 | ||||||
| Landesbank Baden-Wuettertemberg (London) |
500,000 | 500,000 | ||||||
| National Bank of Canada |
2,000,000 | 2,000,000 | ||||||
| Skandi New York |
1,000,000 | 1,000,000 | ||||||
|
|
|
|||||||
| 5,500,000 | ||||||||
|
|
|
|||||||
| Mutual Funds—0.3% | ||||||||
| Goldman Sachs Financial Square Government Fund, Institutional Shares 0.030% (k) |
5,000,000 | 5,000,000 | ||||||
| Wells Fargo Government Money Market Fund, Select Class |
200,000 | 200,000 | ||||||
|
|
|
|||||||
| 5,200,000 | ||||||||
|
|
|
|||||||
| Total Securities Lending Reinvestments |
59,916,379 | |||||||
|
|
|
|||||||
| Total Investments—106.2% |
1,737,806,898 | |||||||
| Other assets and liabilities (net)—(6.2)% |
(102,051,837 | ) | ||||||
|
|
|
|||||||
| Net Assets—100.0% | $ | 1,635,755,061 | ||||||
|
|
|
|||||||
| * | Principal amount stated in U.S. dollars unless otherwise noted. | |||
| † | Restricted securities are not registered under the Securities Act of 1933 and are subject to legal restrictions on resale. These securities generally may be resold in transactions exempt from registration or to the public if the securities are subsequently registered. | |||
| Disposal of these securities may involve time-consuming negotiations and prompt sale at an acceptable price may be difficult. As of September 30, 2021, the market value of restricted securities was $14,122,250, which is 0.9% of net assets. See details shown in the Restricted Securities table that follows | ||||
| (a) | Variable or floating rate security. The stated rate represents the rate at September 30, 2021. Maturity date shown for callable securities reflects the earliest possible call date. For securities based on a published reference index and spread, the index and spread are indicated in the description above. For certain variable rate securities, the coupon rate is determined by the issuer/agent based on current market conditions. For certain asset- and mortgage-backed securities, the coupon rate may fluctuate based on changes of the underlying collateral or prepayments of principal. These securities do not indicate a reference index and spread in their description above. | |||
| (b) | Principal only security. | |||
| (c) | Interest only security. | |||
| (d) | TBA (To Be Announced) Securities are purchased on a forward commitment basis with an approximate principal amount and no defined maturity date. The actual principal and maturity date will be determined upon settlement date. | |||
| (e) | All or a portion of the security was held on loan. As of September 30, 2021, the market value of securities loaned was $67,132,156 and the collateral received consisted of cash in the amount of $59,914,233 and non-cash collateral with a value of $8,724,106. The cash collateral investments are disclosed in the Schedule of Investments and categorized as Securities Lending Reinvestments. The non-cash collateral received consists of U.S. government securities that are held in safe-keeping by the lending agent, or a third-party custodian, and cannot be sold or repledged by the Portfolio. | |||
| (f) | Principal amount of security is adjusted for inflation. | |||
| (g) | Security is a “step-up” bond where coupon increases or steps up at a predetermined date. Rate shown is current coupon rate. | |||
| (h) | Security was valued in good faith under procedures approved by the Board of Trustees. As of September 30, 2021, these securities represent 0.5% of net assets. | |||
| (i) | Significant unobservable inputs were used in the valuation of this portfolio security; i.e. Level 3. | |||
| (j) | Represents investment of cash collateral received from securities on loan as of September 30, 2021. | |||
| (k) | The rate shown represents the annualized seven-day yield as of September 30, 2021. | |||
| (144A)— | Securities exempt from registration under Rule 144A of the Securities Act of 1933. These securities may be resold in transactions exempt from registration, normally to qualified institutional buyers. As of September 30, 2021, the market value of 144A securities was $353,635,370, which is 21.6% of net assets. |
| Restricted Securities |
Acquisition Date |
Principal Amount |
Cost | Value | ||||||||||||
| BVRT Financing Trust, 3.152%, 11/10/22 |
12/02/20 | $ | 1,879,926 | $ | 1,879,926 | $ | 1,879,926 | |||||||||
| Commonwealth Bank of Australia, 3.305%, 03/11/41 |
09/27/21 | 355,000 | 369,157 | 364,365 | ||||||||||||
| Conix Mortgage Asset Trust, 4.704%, 12/25/47 |
05/16/13 | 1,078,519 | 1,078,519 | 17,041 | ||||||||||||
| Credit Agricole S.A., 2.811%, 01/11/41 |
01/05/21 | 410,000 | 410,000 | 391,241 | ||||||||||||
| LFT CRE, Ltd., 2.034%, 06/15/39 |
05/26/21 | 3,280,000 | 3,280,000 | 3,281,020 | ||||||||||||
| RR Trust, Zero Coupon, 04/26/48 |
05/24/18-05/29/18 | 8,830,000 | 5,926,793 | 8,188,657 | ||||||||||||
|
|
|
|||||||||||||||
| $ | 14,122,250 | |||||||||||||||
|
|
|
|||||||||||||||
Glossary of Abbreviations
Index Abbreviations
| (H15)— | U.S. Treasury Yield Curve Rate T-Note Constant Maturity Index | |||
| (LIBOR)— | London Interbank Offered Rate | |||
| (OBFR)— | U.S. Overnight Bank Funding Rate | |||
| (SOFR)— | Secured Overnight Financing Rate | |||
Other Abbreviations
| (ARM)— | Adjustable-Rate Mortgage | |||
| (ACES)— | Alternative Credit Enhancement Securities | |||
| (CMO)— | Collateralized Mortgage Obligation | |||
| (ICE)— | Intercontinental Exchange, Inc. | |||
| (REMIC)— | Real Estate Mortgage Investment Conduit | |||
| (STACR)— | Structured Agency Credit Risk | |||
BHFTI-203
Brighthouse Funds Trust I
JPMorgan Core Bond Portfolio
Schedule of Investments as of September 30, 2021 (Unaudited)
Fair Value Hierarchy
Accounting principles generally accepted in the United States of America (“GAAP”) define fair market value as the price that the Portfolio would receive to sell an asset or pay to transfer a liability in an orderly transaction between market participants at the measurement date. It establishes a fair value hierarchy that prioritizes inputs to valuation methods and requires disclosure of the fair value hierarchy, separately for each major category of assets and liabilities, that segregates fair value measurements into three levels. Levels 1, 2 and 3 of the fair value hierarchy are defined as follows:
Level 1 - unadjusted quoted prices in active markets for identical investments
Level 2 - other significant observable inputs (including, but not limited to, quoted prices for similar assets or liabilities in markets that are either active or inactive; inputs other than quoted prices that are observable such as interest rates, yield curves, volatilities, prepayment speeds, loss severities, credit risks, default rates, or other market corroborated inputs)
Level 3 - significant unobservable inputs based on the best information available in the circumstances, to the extent observable inputs are unavailable (including the Portfolio’s own assumptions used in determining the fair value of investments and derivative financial instruments)
The inputs or methodologies used for valuing investments are not necessarily an indication of the risk associated with investing in them. Changes to the inputs or methodologies used may result in transfers between levels. A reconciliation of Level 3 securities, if any, will be disclosed following the fair value hierarchy table. For more information about the Portfolio’s policy regarding the valuation of investments, please refer to the Notes to Schedule of Investments.
The following table summarizes the fair value hierarchy of the Portfolio’s investments as of September 30, 2021:
| Description | Level 1 | Level 2 | Level 3 | Total | ||||||||||||
| Total U.S. Treasury & Government Agencies* |
$ | — | $ | 795,686,088 | $ | — | $ | 795,686,088 | ||||||||
| Total Corporate Bonds & Notes* |
— | 554,641,021 | — | 554,641,021 | ||||||||||||
| Asset-Backed Securities | ||||||||||||||||
| Asset-Backed - Automobile |
— | 42,418,944 | — | 42,418,944 | ||||||||||||
| Asset-Backed - Credit Card |
— | 5,874,063 | — | 5,874,063 | ||||||||||||
| Asset-Backed - Other |
— | 99,604,399 | 3,460,588 | 103,064,987 | ||||||||||||
| Asset-Backed - Student Loan |
— | 634,765 | — | 634,765 | ||||||||||||
| Total Asset-Backed Securities |
— | 148,532,171 | 3,460,588 | 151,992,759 | ||||||||||||
| Mortgage-Backed Securities | ||||||||||||||||
| Collateralized Mortgage Obligations |
— | 67,273,480 | 4,378,862 | 71,652,342 | ||||||||||||
| Commercial Mortgage-Backed Securities |
— | 36,295,832 | — | 36,295,832 | ||||||||||||
| Total Mortgage-Backed Securities |
— | 103,569,312 | 4,378,862 | 107,948,174 | ||||||||||||
| Total Foreign Government* |
— | 9,786,211 | — | 9,786,211 | ||||||||||||
| Total Short-Term Investment* |
— | 57,836,266 | — | 57,836,266 | ||||||||||||
| Securities Lending Reinvestments | ||||||||||||||||
| Certificates of Deposit |
— | 8,001,261 | — | 8,001,261 | ||||||||||||
| Commercial Paper |
— | 999,073 | — | 999,073 | ||||||||||||
| Repurchase Agreements |
— | 40,216,045 | — | 40,216,045 | ||||||||||||
| Time Deposits |
— | 5,500,000 | — | 5,500,000 | ||||||||||||
| Mutual Funds |
5,200,000 | — | — | 5,200,000 | ||||||||||||
| Total Securities Lending Reinvestments |
5,200,000 | 54,716,379 | — | 59,916,379 | ||||||||||||
| Total Investments |
$ | 5,200,000 | $ | 1,724,767,448 | $ | 7,839,450 | $ | 1,737,806,898 | ||||||||
| Collateral for Securities Loaned (Liability) |
$ | — | $ | (59,914,233 | ) | $ | — | $ | (59,914,233 | ) | ||||||
| * | See Schedule of Investments for additional detailed categorizations. | |||
Following is a reconciliation of Level 3 assets for which significant unobservable inputs were used to determine fair value:
| Investments in Securities |
Balance as of December 31, 2020 |
Realized Gain (Loss) |
Change in Unrealized Appreciation (Depreciation) |
Purchases | Sales | Amortization Premium/ Discount |
Balance as of September 30, 2021 |
Change in Unrealized Appreciation (Depreciation) from Investments Held at September 30, 2021 |
||||||||||||||||||||||||
| Asset-Backed Securities | ||||||||||||||||||||||||||||||||
| Asset-Backed - Other |
$ | 10,005,808 | $ | 162,637 | $ | 83,358 | $ | — | $ | (6,794,893 | ) | $ | 3,678 | $ | 3,460,588 | $ | 83,358 | |||||||||||||||
| Mortgage-Backed Securities | ||||||||||||||||||||||||||||||||
| Collateralized Mortgage Obligations |
7,642,000 | (540 | ) | 17,812 | 2,150,000 | (5,430,410 | ) | — | 4,378,862 | 17,812 | ||||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||||
| Total |
$ | 17,647,808 | $ | 162,097 | $ | 101,170 | $ | 2,150,000 | $ | (12,225,303 | ) | $ | 3,678 | $ | 7,839,450 | $ | 101,170 | |||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||||
BHFTI-204
Brighthouse Funds Trust I
JPMorgan Global Active Allocation Portfolio
Consolidated Schedule of Investments as of September 30, 2021 (Unaudited)
Common Stocks—40.3% of Net Assets
| Security Description | Shares | Value | ||||||
| Aerospace & Defense—0.8% | ||||||||
| Airbus SE (a) |
41,069 | $ | 5,392,159 | |||||
| General Dynamics Corp. |
6,035 | 1,183,041 | ||||||
| Northrop Grumman Corp. |
3,315 | 1,193,898 | ||||||
| Raytheon Technologies Corp. |
22,222 | 1,910,203 | ||||||
| Safran S.A. |
42,564 | 5,336,677 | ||||||
|
|
|
|||||||
| 15,015,978 | ||||||||
|
|
|
|||||||
| Air Freight & Logistics—0.2% | ||||||||
| Deutsche Post AG |
24,625 | 1,552,028 | ||||||
| FedEx Corp. |
13,533 | 2,967,651 | ||||||
|
|
|
|||||||
| 4,519,679 | ||||||||
|
|
|
|||||||
| Airlines—0.3% | ||||||||
| Delta Air Lines, Inc. (a) |
6,772 | 288,555 | ||||||
| Ryanair Holdings plc (ADR) (a) |
22,524 | 2,478,991 | ||||||
| Southwest Airlines Co. (a) |
48,281 | 2,483,092 | ||||||
|
|
|
|||||||
| 5,250,638 | ||||||||
|
|
|
|||||||
| Automobiles—0.4% | ||||||||
| Honda Motor Co., Ltd. |
13,200 | 407,092 | ||||||
| Tesla, Inc. (a) |
3,256 | 2,524,963 | ||||||
| Toyota Motor Corp. |
330,200 | 5,906,686 | ||||||
|
|
|
|||||||
| 8,838,741 | ||||||||
|
|
|
|||||||
| Banks—3.7% | ||||||||
| Bank Central Asia Tbk PT |
443,400 | 1,084,558 | ||||||
| Bank Norwegian ASA |
58,527 | 699,606 | ||||||
| Bank of America Corp. |
150,153 | 6,373,995 | ||||||
| Bank Rakyat Indonesia Persero Tbk PT |
5,126,314 | 1,362,436 | ||||||
| BNP Paribas S.A. |
38,711 | 2,479,649 | ||||||
| Capitec Bank Holdings, Ltd. |
10,014 | 1,210,056 | ||||||
| Citigroup, Inc. |
21,279 | 1,493,360 | ||||||
| Citizens Financial Group, Inc. |
44,339 | 2,083,046 | ||||||
| Credicorp, Ltd. |
4,555 | 505,332 | ||||||
| DBS Group Holdings, Ltd. |
142,800 | 3,171,003 | ||||||
| Erste Group Bank AG |
67,806 | 2,961,214 | ||||||
| First Republic Bank |
1,967 | 379,395 | ||||||
| Grupo Financiero Banorte S.A.B. de C.V. - Class O |
128,179 | 821,491 | ||||||
| HDFC Bank, Ltd. (ADR) |
61,163 | 4,470,404 | ||||||
| ING Groep NV |
198,152 | 2,876,013 | ||||||
| Itau Unibanco Holding S.A. (ADR) (b) |
163,965 | 864,095 | ||||||
| KBC Group NV |
22,766 | 2,043,825 | ||||||
| Kotak Mahindra Bank, Ltd. |
67,275 | 1,807,135 | ||||||
| M&T Bank Corp. |
17,024 | 2,542,364 | ||||||
| Nordea Bank Abp |
248,871 | 3,193,969 | ||||||
| PNC Financial Services Group, Inc. (The) |
11,251 | 2,201,146 | ||||||
| Sberbank of Russia PJSC (ADR) |
63,753 | 1,195,369 | ||||||
| Signature Bank |
994 | 270,646 | ||||||
| Societe Generale S.A. |
120,848 | 3,794,268 | ||||||
| SVB Financial Group (a) |
361 | 233,524 | ||||||
| Svenska Handelsbanken AB - A Shares |
217,207 | 2,436,562 | ||||||
| Truist Financial Corp. |
102,004 | 5,982,534 | ||||||
| U.S. Bancorp |
27,235 | 1,618,848 | ||||||
| UniCredit S.p.A. |
302,173 | 3,997,007 | ||||||
| Wells Fargo & Co. |
203,805 | 9,458,590 | ||||||
|
|
|
|||||||
| 73,611,440 | ||||||||
|
|
|
|||||||
| Beverages—1.2% | ||||||||
| Ambev S.A. (ADR) (b) |
210,012 | 579,633 | ||||||
| Budweiser Brewing Co. APAC, Ltd. () (b) |
409,100 | 1,029,730 | ||||||
| Carlsberg AS - Class B |
23,137 | 3,763,818 | ||||||
| Coca-Cola Co. (The) |
103,419 | 5,426,395 | ||||||
| Constellation Brands, Inc. - Class A |
11,775 | 2,480,875 | ||||||
| Diageo plc |
113,130 | 5,450,949 | ||||||
| Fomento Economico Mexicano S.A.B. de C.V. (ADR) |
7,879 | 683,267 | ||||||
| Keurig Dr Pepper, Inc. |
24,200 | 826,672 | ||||||
| Kweichow Moutai Co., Ltd. - Class A |
6,056 | 1,715,771 | ||||||
| Pernod Ricard S.A. |
5,850 | 1,279,319 | ||||||
|
|
|
|||||||
| 23,236,429 | ||||||||
|
|
|
|||||||
| Biotechnology—1.0% | ||||||||
| AbbVie, Inc. |
80,723 | 8,707,590 | ||||||
| Agios Pharmaceuticals, Inc. (a) |
2,608 | 120,359 | ||||||
| Alnylam Pharmaceuticals, Inc. (a) |
1,467 | 276,984 | ||||||
| Biogen, Inc. (a) |
5,933 | 1,678,980 | ||||||
| Exact Sciences Corp. (a) |
2,326 | 222,017 | ||||||
| Exelixis, Inc. (a) |
9,727 | 205,629 | ||||||
| Genmab A/S (a) |
3,851 | 1,684,963 | ||||||
| Horizon Therapeutics plc (a) |
4,559 | 499,393 | ||||||
| Natera, Inc. (a) |
2,451 | 273,139 | ||||||
| Regeneron Pharmaceuticals, Inc. (a) |
6,896 | 4,173,321 | ||||||
| Vertex Pharmaceuticals, Inc. (a) |
11,672 | 2,117,184 | ||||||
|
|
|
|||||||
| 19,959,559 | ||||||||
|
|
|
|||||||
| Building Products—0.7% | ||||||||
| Assa Abloy AB - Class B |
87,935 | 2,549,694 | ||||||
| Carlisle Cos., Inc. |
5,371 | 1,067,701 | ||||||
| Daikin Industries, Ltd. |
11,200 | 2,408,993 | ||||||
| Fortune Brands Home & Security, Inc. |
13,260 | 1,185,709 | ||||||
| Trane Technologies plc |
35,796 | 6,180,180 | ||||||
|
|
|
|||||||
| 13,392,277 | ||||||||
|
|
|
|||||||
| Capital Markets—1.1% | ||||||||
| B3 S.A. - Brasil Bolsa Balcao |
233,616 | 546,530 | ||||||
| BlackRock, Inc. |
444 | 372,365 | ||||||
| Blackstone Group, Inc. (The) |
5,810 | 675,936 | ||||||
| Brookfield Asset Management, Inc. - Class A |
5,877 | 314,478 | ||||||
| Charles Schwab Corp. (The) |
29,093 | 2,119,134 | ||||||
| Deutsche Boerse AG |
15,907 | 2,589,443 | ||||||
| Hong Kong Exchanges & Clearing, Ltd. |
59,300 | 3,599,407 | ||||||
| Invesco, Ltd. |
25,782 | 621,604 | ||||||
| London Stock Exchange Group plc |
15,349 | 1,533,481 | ||||||
| Morgan Stanley |
12,701 | 1,235,934 | ||||||
| Northern Trust Corp. |
11,369 | 1,225,692 | ||||||
| S&P Global, Inc. |
782 | 332,264 | ||||||
| State Street Corp. |
76,603 | 6,489,806 | ||||||
| T. Rowe Price Group, Inc. |
5,312 | 1,044,871 | ||||||
|
|
|
|||||||
| 22,700,945 | ||||||||
|
|
|
|||||||
| Chemicals—0.5% | ||||||||
| Axalta Coating Systems, Ltd. (a) |
18,006 | 525,595 | ||||||
| Eastman Chemical Co. |
35,444 | 3,570,629 | ||||||
| Linde plc (a) |
8,394 | 2,495,791 | ||||||
| Shin-Etsu Chemical Co., Ltd. |
12,400 | 2,091,442 | ||||||
BHFTI-205
Brighthouse Funds Trust I
JPMorgan Global Active Allocation Portfolio
Consolidated Schedule of Investments as of September 30, 2021 (Unaudited)
Common Stocks—(Continued)
| Security Description | Shares | Value | ||||||
| Chemicals—(Continued) | ||||||||
| Symrise AG |
16,633 | $ | 2,194,265 | |||||
|
|
|
|||||||
| 10,877,722 | ||||||||
|
|
|
|||||||
| Commercial Services & Supplies—0.0% | ||||||||
| Copart, Inc. (a) |
3,271 | 453,753 | ||||||
|
|
|
|||||||
| Communications Equipment—0.1% | ||||||||
| Cisco Systems, Inc. |
16,298 | 887,100 | ||||||
| CommScope Holding Co., Inc. (a) |
59,847 | 813,321 | ||||||
|
|
|
|||||||
| 1,700,421 | ||||||||
|
|
|
|||||||
| Construction & Engineering—0.4% | ||||||||
| Quanta Services, Inc. |
4,062 | 462,337 | ||||||
| Vinci S.A. |
76,808 | 7,956,071 | ||||||
|
|
|
|||||||
| 8,418,408 | ||||||||
|
|
|
|||||||
| Construction Materials—0.1% | ||||||||
| Holcim, Ltd. |
25,679 | 1,235,430 | ||||||
| Martin Marietta Materials, Inc. |
4,088 | 1,396,788 | ||||||
|
|
|
|||||||
| 2,632,218 | ||||||||
|
|
|
|||||||
| Consumer Finance—0.3% | ||||||||
| American Express Co. |
8,886 | 1,488,671 | ||||||
| Capital One Financial Corp. |
27,542 | 4,460,978 | ||||||
| Discover Financial Services |
1,787 | 219,533 | ||||||
|
|
|
|||||||
| 6,169,182 | ||||||||
|
|
|
|||||||
| Containers & Packaging—0.2% | ||||||||
| Graphic Packaging Holding Co. (b) |
29,545 | 562,537 | ||||||
| Packaging Corp. of America |
11,299 | 1,552,934 | ||||||
| WestRock Co. |
22,212 | 1,106,824 | ||||||
|
|
|
|||||||
| 3,222,295 | ||||||||
|
|
|
|||||||
| Diversified Consumer Services—0.0% | ||||||||
| Bright Horizons Family Solutions, Inc. (a) |
1,899 | 264,759 | ||||||
|
|
|
|||||||
| Diversified Financial Services—0.2% | ||||||||
| Berkshire Hathaway, Inc. - Class B (a) |
14,529 | 3,965,545 | ||||||
|
|
|
|||||||
| Diversified Telecommunication Services—0.2% | ||||||||
| Cellnex Telecom S.A |
31,850 | 1,963,296 | ||||||
| Verizon Communications, Inc. |
52,946 | 2,859,613 | ||||||
|
|
|
|||||||
| 4,822,909 | ||||||||
|
|
|
|||||||
| Electric Utilities—0.8% | ||||||||
| American Electric Power Co., Inc. |
13,503 | 1,096,174 | ||||||
| Edison International |
11,641 | 645,726 | ||||||
| Entergy Corp. |
6,734 | 668,754 | ||||||
| Iberdrola S.A. |
329,163 | 3,287,535 | ||||||
| NextEra Energy, Inc. |
67,008 | 5,261,468 | ||||||
| Orsted A/S |
17,730 | 2,339,306 | ||||||
| PG&E Corp. (a) |
58,988 | 566,285 | ||||||
| Xcel Energy, Inc. |
27,681 | 1,730,062 | ||||||
|
|
|
|||||||
| 15,595,310 | ||||||||
|
|
|
|||||||
| Security Description | Shares | Value | ||||||
| Electrical Equipment—0.7% | ||||||||
| AMETEK, Inc. |
3,012 | $ | 373,518 | |||||
| Eaton Corp. plc |
26,357 | 3,935,364 | ||||||
| Generac Holdings, Inc. (a) |
1,543 | 630,578 | ||||||
| Nidec Corp. |
18,200 | 2,019,021 | ||||||
| Schneider Electric SE |
38,198 | 6,350,806 | ||||||
| WEG S.A. |
108,888 | 792,403 | ||||||
|
|
|
|||||||
| 14,101,690 | ||||||||
|
|
|
|||||||
| Electronic Equipment, Instruments & Components—0.5% | ||||||||
| Arrow Electronics, Inc. (a) |
2,114 | 237,381 | ||||||
| Delta Electronics, Inc. |
161,867 | 1,456,196 | ||||||
| Keyence Corp. |
8,700 | 5,212,910 | ||||||
| Keysight Technologies, Inc. (a) |
2,722 | 447,197 | ||||||
| Largan Precision Co., Ltd. |
6,000 | 467,338 | ||||||
| SYNNEX Corp. |
10,660 | 1,109,706 | ||||||
| Zebra Technologies Corp. - Class A (a) |
751 | 387,081 | ||||||
|
|
|
|||||||
| 9,317,809 | ||||||||
|
|
|
|||||||
| Entertainment—0.6% | ||||||||
| NetEase, Inc. |
10,400 | 178,656 | ||||||
| NetEase, Inc. (ADR) |
8,895 | 759,633 | ||||||
| Netflix, Inc. (a) |
4,953 | 3,023,014 | ||||||
| Roku, Inc. (a) |
1,325 | 415,189 | ||||||
| Sea, Ltd. (ADR) (a) (b) |
23,593 | 7,519,797 | ||||||
| Walt Disney Co. (The) (a) |
5,364 | 907,428 | ||||||
|
|
|
|||||||
| 12,803,717 | ||||||||
|
|
|
|||||||
| Equity Real Estate Investment Trusts—0.9% | ||||||||
| American Homes 4 Rent - Class A |
26,432 | 1,007,588 | ||||||
| Apple Hospitality REIT, Inc. |
21,591 | 339,626 | ||||||
| Brixmor Property Group, Inc. |
52,719 | 1,165,617 | ||||||
| EastGroup Properties, Inc. |
5,569 | 927,962 | ||||||
| Federal Realty Investment Trust |
6,200 | 731,538 | ||||||
| Kimco Realty Corp. |
62,332 | 1,293,389 | ||||||
| Lamar Advertising Co. - Class A |
2,588 | 293,609 | ||||||
| Mid-America Apartment Communities, Inc. |
7,570 | 1,413,698 | ||||||
| Prologis, Inc. |
28,435 | 3,566,602 | ||||||
| Public Storage |
4,466 | 1,326,849 | ||||||
| Rayonier, Inc. |
36,158 | 1,290,117 | ||||||
| Sun Communities, Inc. |
11,027 | 2,041,098 | ||||||
| Welltower, Inc. |
6,301 | 519,202 | ||||||
| Weyerhaeuser Co. |
49,707 | 1,768,078 | ||||||
|
|
|
|||||||
| 17,684,973 | ||||||||
|
|
|
|||||||
| Food & Staples Retailing—0.2% | ||||||||
| Bid Corp., Ltd. (a) |
48,553 | 1,044,184 | ||||||
| President Chain Store Corp. |
106,000 | 1,063,820 | ||||||
| Raia Drogasil S.A. |
104,366 | 447,878 | ||||||
| Sysco Corp. |
11,753 | 922,611 | ||||||
| Wal-Mart de Mexico S.A.B. de C.V. |
294,931 | 999,463 | ||||||
|
|
|
|||||||
| 4,477,956 | ||||||||
|
|
|
|||||||
| Food Products—0.4% | ||||||||
| Foshan Haitian Flavouring & Food Co., Ltd. - Class A |
42,828 | 727,871 | ||||||
| Kraft Heinz Co. (The) |
30,927 | 1,138,732 | ||||||
BHFTI-206
Brighthouse Funds Trust I
JPMorgan Global Active Allocation Portfolio
Consolidated Schedule of Investments as of September 30, 2021 (Unaudited)
Common Stocks—(Continued)
| Security Description | Shares | Value | ||||||
| Food Products—(Continued) | ||||||||
| Nestle S.A. |
45,802 | $ | 5,510,846 | |||||
| Post Holdings, Inc. (a) |
13,268 | 1,461,603 | ||||||
|
|
|
|||||||
| 8,839,052 | ||||||||
|
|
|
|||||||
| Health Care Equipment & Supplies—1.1% | ||||||||
| Boston Scientific Corp. (a) |
100,160 | 4,345,942 | ||||||
| Cooper Cos., Inc. (The) |
892 | 368,673 | ||||||
| DexCom, Inc. (a) |
1,008 | 551,235 | ||||||
| Hoya Corp. |
23,300 | 3,644,071 | ||||||
| Insulet Corp. (a) |
618 | 175,654 | ||||||
| Intuitive Surgical, Inc. (a) |
520 | 516,958 | ||||||
| Medtronic plc |
10,125 | 1,269,169 | ||||||
| Smith & Nephew plc |
27,915 | 484,075 | ||||||
| Straumann Holding AG |
943 | 1,703,461 | ||||||
| Sysmex Corp. |
13,700 | 1,714,731 | ||||||
| Zimmer Biomet Holdings, Inc. |
46,391 | 6,789,787 | ||||||
|
|
|
|||||||
| 21,563,756 | ||||||||
|
|
|
|||||||
| Health Care Providers & Services—0.7% | ||||||||
| AmerisourceBergen Corp. |
11,176 | 1,334,973 | ||||||
| Cigna Corp. |
12,172 | 2,436,348 | ||||||
| CVS Health Corp. |
17,833 | 1,513,308 | ||||||
| HCA Healthcare, Inc. |
2,174 | 527,673 | ||||||
| McKesson Corp. |
1,677 | 334,360 | ||||||
| UnitedHealth Group, Inc. |
19,921 | 7,783,932 | ||||||
|
|
|
|||||||
| 13,930,594 | ||||||||
|
|
|
|||||||
| Hotels, Restaurants & Leisure—0.9% | ||||||||
| Airbnb, Inc. - Class A (a) |
783 | 131,348 | ||||||
| Booking Holdings, Inc. (a) |
2,180 | 5,175,037 | ||||||
| Cracker Barrel Old Country Store, Inc. |
2,972 | 415,604 | ||||||
| DraftKings, Inc. - Class A (a) |
6,191 | 298,158 | ||||||
| Huazhu Group, Ltd. (ADR) (a) (b) |
10,765 | 493,683 | ||||||
| Las Vegas Sands Corp. (a) |
19,248 | 704,477 | ||||||
| McDonald’s Corp. |
33,453 | 8,065,853 | ||||||
| Royal Caribbean Cruises, Ltd. (a) |
3,921 | 348,773 | ||||||
| Sands China, Ltd. (a) (b) |
176,400 | 361,505 | ||||||
| Yum China Holdings, Inc. |
18,297 | 1,063,239 | ||||||
|
|
|
|||||||
| 17,057,677 | ||||||||
|
|
|
|||||||
| Household Durables—0.5% | ||||||||
| Garmin, Ltd. |
2,265 | 352,117 | ||||||
| Midea Group Co., Ltd. - Class A |
102,600 | 1,105,427 | ||||||
| Mohawk Industries, Inc. (a) |
6,651 | 1,179,887 | ||||||
| Newell Brands, Inc. |
44,804 | 991,961 | ||||||
| Persimmon plc |
33,408 | 1,190,461 | ||||||
| Sony Group Corp. |
31,200 | 3,474,477 | ||||||
| Taylor Wimpey plc |
621,212 | 1,282,981 | ||||||
|
|
|
|||||||
| 9,577,311 | ||||||||
|
|
|
|||||||
| Household Products—0.4% | ||||||||
| Energizer Holdings, Inc. |
21,820 | 852,071 | ||||||
| Procter & Gamble Co. (The) |
49,060 | 6,858,588 | ||||||
| Reckitt Benckiser Group plc |
8,458 | 662,002 | ||||||
| Unilever Indonesia Tbk PT |
516,800 | 142,034 | ||||||
|
|
|
|||||||
| 8,514,695 | ||||||||
|
|
|
|||||||
| Industrial Conglomerates—0.1% | ||||||||
| Bidvest Group, Ltd. (The) |
29,220 | 377,696 | ||||||
| Honeywell International, Inc. |
6,795 | 1,442,442 | ||||||
| Jardine Matheson Holdings, Ltd. |
10,500 | 552,203 | ||||||
|
|
|
|||||||
| 2,372,341 | ||||||||
|
|
|
|||||||
| Insurance—2.1% | ||||||||
| AIA Group, Ltd. |
642,800 | 7,401,290 | ||||||
| Alleghany Corp. (a) |
1,332 | 831,714 | ||||||
| Allianz SE |
28,141 | 6,347,026 | ||||||
| American International Group, Inc. |
12,801 | 702,647 | ||||||
| AXA S.A. |
91,196 | 2,537,071 | ||||||
| Chubb, Ltd. |
7,188 | 1,246,974 | ||||||
| CNA Financial Corp. |
11,291 | 473,770 | ||||||
| Fairfax Financial Holdings, Ltd. |
2,267 | 914,984 | ||||||
| Hartford Financial Services Group, Inc. (The) |
21,874 | 1,536,648 | ||||||
| HDFC Life Insurance Co., Ltd. |
118,591 | 1,150,205 | ||||||
| Legal & General Group plc |
449,999 | 1,699,321 | ||||||
| Loews Corp. |
48,722 | 2,627,577 | ||||||
| Marsh & McLennan Cos., Inc. |
6,164 | 933,415 | ||||||
| Muenchener Rueckversicherungs-Gesellschaft AG |
6,372 | 1,746,534 | ||||||
| Ping An Insurance Group Co. of China, Ltd. - Class H |
284,000 | 1,927,091 | ||||||
| Progressive Corp. (The) |
38,690 | 3,497,189 | ||||||
| Prudential plc |
64,718 | 1,256,349 | ||||||
| Travelers Cos., Inc. (The) |
17,303 | 2,630,229 | ||||||
| Zurich Insurance Group AG |
8,537 | 3,480,948 | ||||||
|
|
|
|||||||
| 42,940,982 | ||||||||
|
|
|
|||||||
| Interactive Media & Services—1.3% | ||||||||
| Alphabet, Inc. - Class C (a) |
6,300 | 16,791,453 | ||||||
| Bumble, Inc. - Class A (a) |
5,605 | 280,138 | ||||||
| Facebook, Inc. - Class A (a) |
4,182 | 1,419,329 | ||||||
| IAC/InterActiveCorp. (a) |
4,651 | 605,979 | ||||||
| Match Group, Inc. (a) |
2,001 | 314,137 | ||||||
| NAVER Corp. |
5,331 | 1,737,076 | ||||||
| Snap, Inc. - Class A (a) |
4,542 | 335,518 | ||||||
| Tencent Holdings, Ltd. |
93,000 | 5,452,982 | ||||||
|
|
|
|||||||
| 26,936,612 | ||||||||
|
|
|
|||||||
| Internet & Direct Marketing Retail—1.5% | ||||||||
| Alibaba Group Holding, Ltd. (a) |
104,000 | 1,934,401 | ||||||
| Alibaba Group Holding, Ltd. (ADR) (a) |
6,109 | 904,437 | ||||||
| Allegro.eu S.A. (a) |
30,422 | 442,378 | ||||||
| Amazon.com, Inc. (a) |
4,869 | 15,994,860 | ||||||
| Delivery Hero SE (a) |
20,011 | 2,562,511 | ||||||
| JD.com, Inc. (ADR) (a) |
25,850 | 1,867,404 | ||||||
| MercadoLibre, Inc. (a) |
2,615 | 4,391,631 | ||||||
| Zalando SE (a) |
23,149 | 2,127,246 | ||||||
|
|
|
|||||||
| 30,224,868 | ||||||||
|
|
|
|||||||
| IT Services—1.6% | ||||||||
| Adyen NV (a) |
959 | 2,666,558 | ||||||
| Capgemini SE |
26,462 | 5,503,306 | ||||||
| EPAM Systems, Inc. (a) |
3,503 | 1,998,392 | ||||||
| FleetCor Technologies, Inc. (a) |
9,579 | 2,502,705 | ||||||
BHFTI-207
Brighthouse Funds Trust I
JPMorgan Global Active Allocation Portfolio
Consolidated Schedule of Investments as of September 30, 2021 (Unaudited)
Common Stocks—(Continued)
| Security Description | Shares | Value | ||||||
| IT Services—(Continued) | ||||||||
| Global Payments, Inc. |
2,918 | $ | 459,818 | |||||
| Infosys, Ltd. (ADR) (b) |
177,216 | 3,943,056 | ||||||
| International Business Machines Corp. |
4,938 | 686,036 | ||||||
| MasterCard, Inc. - Class A |
24,992 | 8,689,219 | ||||||
| MongoDB, Inc. (a) |
816 | 384,752 | ||||||
| PayPal Holdings, Inc. (a) |
3,071 | 799,105 | ||||||
| Snowflake, Inc. - Class A (a) |
1,009 | 305,152 | ||||||
| Tata Consultancy Services, Ltd. |
77,565 | 3,930,940 | ||||||
|
|
|
|||||||
| 31,869,039 | ||||||||
|
|
|
|||||||
| Life Sciences Tools & Services—0.4% | ||||||||
| Lonza Group AG |
3,937 | 2,949,565 | ||||||
| Mettler-Toledo International, Inc. (a) |
226 | 311,283 | ||||||
| Thermo Fisher Scientific, Inc. |
5,578 | 3,186,879 | ||||||
| Wuxi Biologics Cayman, Inc. (a) |
125,500 | 2,028,490 | ||||||
|
|
|
|||||||
| 8,476,217 | ||||||||
|
|
|
|||||||
| Machinery—1.6% | ||||||||
| Atlas Copco AB - A Shares |
40,876 | 2,479,551 | ||||||
| Deere & Co. |
1,795 | 601,451 | ||||||
| Dover Corp. |
11,951 | 1,858,381 | ||||||
| FANUC Corp. |
8,900 | 1,964,405 | ||||||
| Ingersoll Rand, Inc. (a) |
92,241 | 4,649,869 | ||||||
| ITT, Inc. |
12,132 | 1,041,411 | ||||||
| Kone Oyj - Class B |
33,533 | 2,351,386 | ||||||
| Kubota Corp. |
83,500 | 1,781,323 | ||||||
| Makita Corp. |
37,200 | 2,055,618 | ||||||
| SMC Corp. |
4,200 | 2,644,647 | ||||||
| Stanley Black & Decker, Inc. |
16,743 | 2,935,215 | ||||||
| Techtronic Industries Co., Ltd. |
99,500 | 1,950,543 | ||||||
| Timken Co. (The) |
7,650 | 500,463 | ||||||
| Volvo AB - B Shares |
277,491 | 6,234,480 | ||||||
|
|
|
|||||||
| 33,048,743 | ||||||||
|
|
|
|||||||
| Media—0.7% | ||||||||
| Charter Communications, Inc. - Class A (a) (b) |
5,451 | 3,965,929 | ||||||
| Comcast Corp. - Class A |
78,545 | 4,393,022 | ||||||
| DISH Network Corp. - Class A (a) |
21,276 | 924,655 | ||||||
| Liberty Broadband Corp. - Class C (a) |
9,209 | 1,590,394 | ||||||
| Liberty Media Corp. - Class C (a) |
24,185 | 1,148,062 | ||||||
| Nexstar Media Group, Inc. - Class A |
6,209 | 943,520 | ||||||
|
|
|
|||||||
| 12,965,582 | ||||||||
|
|
|
|||||||
| Metals & Mining—0.4% | ||||||||
| Anglo American plc |
46,712 | 1,611,324 | ||||||
| BHP Group, Ltd. |
106,508 | 2,862,649 | ||||||
| Freeport-McMoRan, Inc. |
9,313 | 302,952 | ||||||
| Rio Tinto plc |
51,950 | 3,430,059 | ||||||
|
|
|
|||||||
| 8,206,984 | ||||||||
|
|
|
|||||||
| Multi-Utilities—0.2% | ||||||||
| CenterPoint Energy, Inc. (b) |
48,174 | 1,185,081 | ||||||
| RWE AG |
84,870 | 3,000,269 | ||||||
|
|
|
|||||||
| 4,185,350 | ||||||||
|
|
|
|||||||
| Multiline Retail—0.1% | ||||||||
| Dollar General Corp. |
4,013 | $ | 851,318 | |||||
| Kohl’s Corp. |
16,497 | 776,844 | ||||||
| Lojas Renner S.A. |
96,693 | 611,150 | ||||||
|
|
|
|||||||
| 2,239,312 | ||||||||
|
|
|
|||||||
| Oil, Gas & Consumable Fuels—1.3% | ||||||||
| BP plc |
496,111 | 2,247,406 | ||||||
| Cabot Oil & Gas Corp. (b) |
54,520 | 1,186,355 | ||||||
| Chevron Corp. |
13,818 | 1,401,836 | ||||||
| ConocoPhillips |
145,100 | 9,833,427 | ||||||
| Diamondback Energy, Inc. |
5,423 | 513,395 | ||||||
| EOG Resources, Inc. |
4,103 | 329,348 | ||||||
| Equitrans Midstream Corp. |
23,055 | 233,778 | ||||||
| Kinder Morgan, Inc. |
70,750 | 1,183,648 | ||||||
| Marathon Petroleum Corp. |
17,585 | 1,086,929 | ||||||
| Phillips 66 |
12,480 | 873,974 | ||||||
| TC Energy Corp. |
37,877 | 1,822,977 | ||||||
| TotalEnergies SE |
93,434 | 4,477,271 | ||||||
| Williams Cos., Inc. (The) |
43,239 | 1,121,620 | ||||||
|
|
|
|||||||
| 26,311,964 | ||||||||
|
|
|
|||||||
| Personal Products—0.2% | ||||||||
| Coty, Inc. - Class A (a) |
35,203 | 276,695 | ||||||
| Estee Lauder Cos., Inc. (The) - Class A |
1,102 | 330,523 | ||||||
| L’Oreal S.A. |
7,400 | 3,054,145 | ||||||
| LG Household & Health Care, Ltd. |
697 | 783,464 | ||||||
|
|
|
|||||||
| 4,444,827 | ||||||||
|
|
|
|||||||
| Pharmaceuticals—1.4% | ||||||||
| Bristol-Myers Squibb Co. |
126,245 | 7,469,917 | ||||||
| Catalent, Inc. (a) |
3,118 | 414,912 | ||||||
| GlaxoSmithKline plc |
104,858 | 1,979,249 | ||||||
| Jazz Pharmaceuticals plc (a) |
1,850 | 240,888 | ||||||
| Johnson & Johnson |
12,139 | 1,960,448 | ||||||
| Kyowa Kirin Co., Ltd. |
60,700 | 2,188,885 | ||||||
| Merck & Co., Inc. |
11,163 | 838,453 | ||||||
| Novo Nordisk A/S - Class B |
130,783 | 12,579,372 | ||||||
| Organon & Co. |
16,673 | 546,708 | ||||||
| Royalty Pharma plc - Class A |
4,658 | 168,340 | ||||||
| Viatris, Inc. |
47,142 | 638,774 | ||||||
|
|
|
|||||||
| 29,025,946 | ||||||||
|
|
|
|||||||
| Professional Services—0.5% | ||||||||
| Adecco Group AG |
5,340 | 267,432 | ||||||
| Booz Allen Hamilton Holding Corp. |
3,040 | 241,224 | ||||||
| Equifax, Inc. |
896 | 227,064 | ||||||
| IHS Markit, Ltd. |
2,829 | 329,918 | ||||||
| Intertek Group plc |
25,300 | 1,689,025 | ||||||
| Leidos Holdings, Inc. (b) |
11,620 | 1,117,031 | ||||||
| Recruit Holdings Co., Ltd. |
51,300 | 3,128,033 | ||||||
| RELX plc |
96,824 | 2,803,902 | ||||||
|
|
|
|||||||
| 9,803,629 | ||||||||
|
|
|
|||||||
| Real Estate Management & Development—0.1% | ||||||||
| CBRE Group, Inc. - Class A (a) |
10,850 | 1,056,356 | ||||||
|
|
|
|||||||
BHFTI-208
Brighthouse Funds Trust I
JPMorgan Global Active Allocation Portfolio
Consolidated Schedule of Investments as of September 30, 2021 (Unaudited)
Common Stocks—(Continued)
| Security Description | Shares | Value |
||||||
| Road & Rail—0.4% | ||||||||
| Lyft, Inc. - Class A (a) (b) |
94,600 | $ | 5,069,614 | |||||
| Norfolk Southern Corp. |
12,374 | 2,960,480 | ||||||
| Old Dominion Freight Line, Inc. |
1,391 | 397,798 | ||||||
| Uber Technologies, Inc. (a) |
8,014 | 359,027 | ||||||
|
|
|
|||||||
| 8,786,919 | ||||||||
|
|
|
|||||||
| Semiconductors & Semiconductor Equipment—2.4% | ||||||||
| Advanced Micro Devices, Inc. (a) |
28,034 | 2,884,699 | ||||||
| Analog Devices, Inc. |
50,854 | 8,517,028 | ||||||
| ASML Holding NV |
14,524 | 10,713,952 | ||||||
| Entegris, Inc. |
3,747 | 471,747 | ||||||
| Lam Research Corp. |
1,073 | 610,698 | ||||||
| Microchip Technology, Inc. |
1,683 | 258,324 | ||||||
| NVIDIA Corp. |
5,408 | 1,120,321 | ||||||
| NXP Semiconductors NV |
44,134 | 8,644,526 | ||||||
| QUALCOMM, Inc. |
4,410 | 568,802 | ||||||
| SolarEdge Technologies, Inc. (a) |
1,403 | 372,104 | ||||||
| Taiwan Semiconductor Manufacturing Co., Ltd. (ADR) |
89,630 | 10,007,189 | ||||||
| Teradyne, Inc. |
2,132 | 232,750 | ||||||
| Texas Instruments, Inc. |
7,822 | 1,503,467 | ||||||
| Tokyo Electron, Ltd. |
5,400 | 2,380,333 | ||||||
| Wolfspeed, Inc. |
2,483 | 200,453 | ||||||
|
|
|
|||||||
| 48,486,393 | ||||||||
|
|
|
|||||||
| Software—1.4% | ||||||||
| Ceridian HCM Holding, Inc. (a) |
12,823 | 1,444,126 | ||||||
| Confluent, Inc. - Class A (a) (b) |
3,600 | 214,740 | ||||||
| Crowdstrike Holdings, Inc. - Class A (a) |
1,128 | 277,240 | ||||||
| Five9, Inc. (a) |
1,526 | 243,763 | ||||||
| HubSpot, Inc. (a) |
695 | 469,882 | ||||||
| Intuit, Inc. |
4,634 | 2,500,089 | ||||||
| Microsoft Corp. |
66,847 | 18,845,506 | ||||||
| Palo Alto Networks, Inc. (a) |
603 | 288,837 | ||||||
| ServiceNow, Inc. (a) |
663 | 412,565 | ||||||
| Synopsys, Inc. (a) |
1,270 | 380,251 | ||||||
| UiPath, Inc. - Class A (a) (b) |
1,662 | 87,438 | ||||||
| Workday, Inc. - Class A (a) |
7,774 | 1,942,645 | ||||||
| Zscaler, Inc. (a) |
1,262 | 330,922 | ||||||
|
|
|
|||||||
| 27,438,004 | ||||||||
|
|
|
|||||||
| Specialty Retail—1.0% | ||||||||
| AutoZone, Inc. (a) |
1,371 | 2,327,944 | ||||||
| Best Buy Co., Inc. |
9,509 | 1,005,196 | ||||||
| CarMax, Inc. (a) |
2,537 | 324,635 | ||||||
| Gap, Inc. (The) |
50,307 | 1,141,969 | ||||||
| Home Depot, Inc. (The) |
2,634 | 864,637 | ||||||
| Industria de Diseno Textil S.A |
88,200 | 3,208,938 | ||||||
| Lowe’s Cos., Inc. |
14,377 | 2,916,518 | ||||||
| Murphy USA, Inc. |
9,067 | 1,516,546 | ||||||
| National Vision Holdings, Inc. (a) |
3,460 | 196,424 | ||||||
| O’Reilly Automotive, Inc. (a) |
9,531 | 5,824,013 | ||||||
| Tractor Supply Co. |
1,768 | 358,215 | ||||||
|
|
|
|||||||
| 19,685,035 | ||||||||
|
|
|
|||||||
| Technology Hardware, Storage & Peripherals—1.0% | ||||||||
| Apple, Inc. |
83,423 | 11,804,355 | ||||||
| Samsung Electronics Co., Ltd. (GDR) |
2,786 | 4,353,125 | ||||||
| Seagate Technology Holdings plc |
40,685 | 3,357,326 | ||||||
|
|
|
|||||||
| 19,514,806 | ||||||||
|
|
|
|||||||
| Textiles, Apparel & Luxury Goods—0.9% | ||||||||
| Adidas AG |
31,209 | 9,834,168 | ||||||
| Columbia Sportswear Co. |
7,232 | 693,115 | ||||||
| Kering S.A. |
3,767 | 2,679,188 | ||||||
| LVMH Moet Hennessy Louis Vuitton SE |
6,201 | 4,434,112 | ||||||
| NIKE, Inc. - Class B |
3,424 | 497,268 | ||||||
| Ralph Lauren Corp. |
7,719 | 857,118 | ||||||
|
|
|
|||||||
| 18,994,969 | ||||||||
|
|
|
|||||||
| Thrifts & Mortgage Finance—0.2% | ||||||||
| Housing Development Finance Corp., Ltd. |
108,484 | 3,955,388 | ||||||
|
|
|
|||||||
| Tobacco—0.1% | ||||||||
| ITC, Ltd. |
286,011 | 902,596 | ||||||
| Philip Morris International, Inc. |
10,451 | 990,650 | ||||||
|
|
|
|||||||
| 1,893,246 | ||||||||
|
|
|
|||||||
| Trading Companies & Distributors—0.1% | ||||||||
| Ferguson plc |
16,755 | 2,322,626 | ||||||
|
|
|
|||||||
| Wireless Telecommunication Services—0.2% | ||||||||
| T-Mobile U.S., Inc. (a) |
28,607 | 3,654,830 | ||||||
|
|
|
|||||||
| Total Common Stocks |
811,358,406 | |||||||
|
|
|
|||||||
| Convertible Bonds—18.1% | ||||||||
| Aerospace/Defense—1.0% | ||||||||
| MTU Aero Engines AG |
5,700,000 | 10,353,859 | ||||||
| Safran S.A. |
6,185,915 | 9,843,972 | ||||||
|
|
|
|||||||
| 20,197,831 | ||||||||
|
|
|
|||||||
| Airlines—1.1% | ||||||||
| Southwest Airlines Co. |
14,623,000 | 21,843,106 | ||||||
|
|
|
|||||||
| Apparel—1.6% | ||||||||
| adidas AG |
11,800,000 | 16,231,378 | ||||||
| Kering S.A. |
11,800,000 | 15,324,335 | ||||||
|
|
|
|||||||
| 31,555,713 | ||||||||
|
|
|
|||||||
BHFTI-209
Brighthouse Funds Trust I
JPMorgan Global Active Allocation Portfolio
Consolidated Schedule of Investments as of September 30, 2021 (Unaudited)
Convertible Bonds—(Continued)
| Security Description | Principal |
Value | ||||||
| Banks—1.4% | ||||||||
| Barclays Bank plc |
9,793,000 | $ | 14,346,647 | |||||
| Zero Coupon, 02/18/25 |
9,000,000 | 9,986,940 | ||||||
| BofA Finance LLC |
||||||||
| 0.250%, 05/01/23 |
4,566,000 | 4,867,356 | ||||||
|
|
|
|||||||
| 29,200,943 | ||||||||
|
|
|
|||||||
| Beverages—0.6% | ||||||||
| Remy Cointreau S.A. |
||||||||
| 0.125%, 09/07/26 (EUR) |
5,725,000 | 11,108,382 | ||||||
|
|
|
|||||||
| Biotechnology—0.3% | ||||||||
| Illumina, Inc. | ||||||||
| Zero Coupon, 08/15/23 (b) |
4,797,000 | 5,572,935 | ||||||
|
|
|
|||||||
| Building Materials—1.2% | ||||||||
| Sika AG | ||||||||
| 0.150%, 06/05/25 (CHF) |
11,540,000 | 19,366,942 | ||||||
| 3.750%, 01/30/22 (CHF) |
1,800,000 | 4,333,172 | ||||||
|
|
|
|||||||
| 23,700,114 | ||||||||
|
|
|
|||||||
| Commercial Services—1.5% | ||||||||
| Amadeus IT Group S.A. |
12,500,000 | 19,277,983 | ||||||
| Edenred | ||||||||
| Zero Coupon, 09/06/24 (EUR) |
5,775,000 | 4,172,557 | ||||||
| Euronet Worldwide, Inc. |
||||||||
| 0.750%, 03/15/49 |
5,641,000 | 6,200,413 | ||||||
|
|
|
|||||||
| 29,650,953 | ||||||||
|
|
|
|||||||
| Computers—0.7% | ||||||||
| Atos SE | ||||||||
| Zero Coupon, 11/06/24 (EUR) |
10,000,000 | 13,217,236 | ||||||
|
|
|
|||||||
| Diversified Financial Services—0.2% | ||||||||
| SBI Holdings, Inc. | ||||||||
| Zero Coupon, 09/13/23 (JPY) |
540,000,000 | 5,053,327 | ||||||
|
|
|
|||||||
| Electric—0.2% | ||||||||
| Iberdrola International B.V. |
| |||||||
| Zero Coupon, 11/11/22 (EUR) |
3,600,000 | 4,601,744 | ||||||
|
|
|
|||||||
| Electronics—0.4% | ||||||||
| Fortive Corp. | ||||||||
| 0.875%, 02/15/22 |
7,965,000 | 7,984,913 | ||||||
|
|
|
|||||||
| Engineering & Construction—1.5% | ||||||||
| Cellnex Telecom S.A. |
||||||||
| 1.500%, 01/16/26 (EUR) |
8,900,000 | 18,806,256 | ||||||
| Vinci S.A. | ||||||||
| 0.375%, 02/16/22 |
10,000,000 | 11,064,500 | ||||||
|
|
|
|||||||
| 29,870,756 | ||||||||
|
|
|
|||||||
| Healthcare-Services—0.3% | ||||||||
| Anthem, Inc. |
1,232,000 | 6,502,619 | ||||||
|
|
|
|||||||
| Home Furnishings—1.0% | ||||||||
| Sony Group Corp. |
| |||||||
| Zero Coupon, 09/30/22 (JPY) |
932,000,000 | 20,973,036 | ||||||
|
|
|
|||||||
| Internet—1.9% | ||||||||
| Booking Holdings, Inc. | ||||||||
| 0.750%, 05/01/25 (b) |
12,520,000 | 18,385,620 | ||||||
| Palo Alto Networks, Inc. | ||||||||
| 0.750%, 07/01/23 |
10,820,000 | 19,664,268 | ||||||
|
|
|
|||||||
| 38,049,888 | ||||||||
|
|
|
|||||||
| Investment Companies—0.3% | ||||||||
| Ares Capital Corp. |
5,280,000 | 5,649,600 | ||||||
|
|
|
|||||||
| Mining—0.2% | ||||||||
| Glencore Funding LLC |
| |||||||
| Zero Coupon, 03/27/25 |
3,200,000 | 3,190,624 | ||||||
|
|
|
|||||||
| Oil & Gas—0.4% | ||||||||
| Pioneer Natural Resources Co. |
5,305,000 | 8,562,270 | ||||||
|
|
|
|||||||
| Real Estate—0.4% | ||||||||
| LEG Immobilien AG |
6,100,000 | 8,481,594 | ||||||
|
|
|
|||||||
| Retail—0.6% | ||||||||
| Zalando SE |
9,300,000 | 12,367,007 | ||||||
|
|
|
|||||||
| Semiconductors—1.1% | ||||||||
| STMicroelectronics NV | ||||||||
| Zero Coupon, 08/04/25 |
18,200,000 | 22,804,600 | ||||||
|
|
|
|||||||
| Software—0.2% | ||||||||
| Akamai Technologies, Inc. | ||||||||
| 0.375%, 09/01/27 |
4,250,000 | 4,640,141 | ||||||
|
|
|
|||||||
| Total Convertible Bonds |
364,779,332 | |||||||
|
|
|
|||||||
| Corporate Bonds & Notes—12.8% | ||||||||
| Aerospace/Defense—0.3% | ||||||||
| BAE Systems plc | ||||||||
| 1.900%, 02/15/31 (144A) |
200,000 | 191,791 | ||||||
| 3.400%, 04/15/30 (144A) |
595,000 | 642,246 | ||||||
| Boeing Co. (The) | ||||||||
| 1.167%, 02/04/23 |
80,000 | 80,177 | ||||||
| 1.433%, 02/04/24 |
155,000 | 155,232 | ||||||
| 1.950%, 02/01/24 |
145,000 | 148,394 | ||||||
| 2.196%, 02/04/26 |
655,000 | 659,829 | ||||||
| 2.750%, 02/01/26 |
145,000 | 151,038 | ||||||
BHFTI-210
Brighthouse Funds Trust I
JPMorgan Global Active Allocation Portfolio
Consolidated Schedule of Investments as of September 30, 2021 (Unaudited)
Corporate Bonds & Notes—(Continued)
| Security Description | Principal |
Value | ||||||
| Aerospace/Defense—(Continued) | ||||||||
| Boeing Co. (The) | ||||||||
| 3.100%, 05/01/26 |
80,000 | $ | 84,558 | |||||
| 3.250%, 03/01/28 |
100,000 | 104,662 | ||||||
| 3.250%, 02/01/35 |
468,000 | 467,957 | ||||||
| 3.600%, 05/01/34 |
175,000 | 182,861 | ||||||
| 3.625%, 02/01/31 |
240,000 | 256,922 | ||||||
| 3.950%, 08/01/59 |
250,000 | 256,574 | ||||||
| 4.875%, 05/01/25 |
100,000 | 111,291 | ||||||
| 5.150%, 05/01/30 |
150,000 | 176,053 | ||||||
| 5.705%, 05/01/40 |
150,000 | 190,613 | ||||||
| L3Harris Technologies, Inc. | ||||||||
| 1.800%, 01/15/31 |
100,000 | 96,499 | ||||||
| 4.400%, 06/15/28 |
128,000 | 146,062 | ||||||
| 4.854%, 04/27/35 |
50,000 | 61,671 | ||||||
| Lockheed Martin Corp. | ||||||||
| 3.800%, 03/01/45 |
40,000 | 46,398 | ||||||
| 4.070%, 12/15/42 |
105,000 | 125,785 | ||||||
| Northrop Grumman Corp. |
525,000 | 567,996 | ||||||
| Raytheon Technologies Corp. |
||||||||
| 1.900%, 09/01/31 |
430,000 | 417,243 | ||||||
| 3.750%, 11/01/46 |
131,000 | 145,443 | ||||||
| 4.125%, 11/16/28 |
585,000 | 665,839 | ||||||
| 4.150%, 05/15/45 |
113,000 | 132,940 | ||||||
| 4.350%, 04/15/47 |
140,000 | 168,180 | ||||||
|
|
|
|||||||
| 6,434,254 | ||||||||
|
|
|
|||||||
| Agriculture—0.2% | ||||||||
| Altria Group, Inc. | ||||||||
| 2.450%, 02/04/32 |
460,000 | 440,786 | ||||||
| 3.400%, 02/04/41 |
280,000 | 265,171 | ||||||
| 3.875%, 09/16/46 |
327,000 | 318,488 | ||||||
| BAT Capital Corp. | ||||||||
| 2.259%, 03/25/28 |
95,000 | 94,290 | ||||||
| 3.215%, 09/06/26 |
45,000 | 47,977 | ||||||
| 3.222%, 08/15/24 |
200,000 | 212,021 | ||||||
| 3.734%, 09/25/40 |
65,000 | 62,711 | ||||||
| 3.984%, 09/25/50 |
95,000 | 91,384 | ||||||
| 4.390%, 08/15/37 |
834,000 | 895,744 | ||||||
| 4.700%, 04/02/27 |
430,000 | 485,759 | ||||||
| 4.906%, 04/02/30 |
145,000 | 166,026 | ||||||
| BAT International Finance plc |
70,000 | 70,039 | ||||||
| Bunge, Ltd. Finance Corp. |
160,000 | 162,120 | ||||||
| Imperial Brands Finance plc |
1,021,000 | 1,074,283 | ||||||
| Philip Morris International, Inc. |
334,000 | 362,371 | ||||||
|
|
|
|||||||
| 4,749,170 | ||||||||
|
|
|
|||||||
| Airlines—0.3% | ||||||||
| Air Canada Pass-Through Trust | ||||||||
| 3.300%, 01/15/30 (144A) |
272,541 | 278,046 | ||||||
| 3.550%, 01/15/30 (144A) |
592,480 | 572,370 | ||||||
| 3.750%, 12/15/27 (144A) |
455,336 | 474,756 | ||||||
| Airlines—(Continued) | ||||||||
| American Airlines Pass-Through Trust | ||||||||
| 3.200%, 06/15/28 |
314,800 | 316,832 | ||||||
| 3.600%, 09/22/27 |
147,896 | 153,148 | ||||||
| 3.700%, 10/01/26 |
390,571 | 397,794 | ||||||
| British Airways Pass-Through Trust | ||||||||
| 3.300%, 12/15/32 (144A) |
314,509 | 318,758 | ||||||
| 4.125%, 09/20/31 (144A) |
489,979 | 495,537 | ||||||
| Continental Airlines Pass-Through Trust |
527,225 | 555,549 | ||||||
| Delta Air Lines Pass-Through Trust |
||||||||
| 3.204%, 10/25/25 |
367,000 | 387,346 | ||||||
| 3.625%, 07/30/27 |
96,086 | 102,986 | ||||||
| JetBlue Pass Through Trust |
199,952 | 234,013 | ||||||
| United Airlines Pass-Through Trust |
||||||||
| 2.700%, 05/01/32 |
201,832 | 204,039 | ||||||
| 3.450%, 12/01/27 |
379,118 | 399,561 | ||||||
| 3.700%, 03/01/30 |
60,108 | 60,855 | ||||||
| 4.150%, 04/11/24 |
351,625 | 371,286 | ||||||
| 4.150%, 08/25/31 |
184,378 | 198,391 | ||||||
| 4.300%, 08/15/25 |
39,178 | 42,055 | ||||||
|
|
|
|||||||
| 5,563,322 | ||||||||
|
|
|
|||||||
| Auto Manufacturers—0.3% | ||||||||
| General Motors Co. | ||||||||
| 4.875%, 10/02/23 |
165,000 | 178,341 | ||||||
| 5.000%, 04/01/35 |
194,000 | 229,063 | ||||||
| 5.150%, 04/01/38 |
150,000 | 178,959 | ||||||
| 6.125%, 10/01/25 |
670,000 | 785,033 | ||||||
| General Motors Financial Co., Inc. | ||||||||
| 1.250%, 01/08/26 |
209,000 | 206,349 | ||||||
| 2.350%, 01/08/31 |
140,000 | 137,124 | ||||||
| 2.700%, 06/10/31 |
85,000 | 84,740 | ||||||
| 2.750%, 06/20/25 |
58,000 | 60,639 | ||||||
| 3.950%, 04/13/24 |
46,000 | 49,162 | ||||||
| 4.350%, 01/17/27 |
51,000 | 57,176 | ||||||
| 5.250%, 03/01/26 |
40,000 | 45,710 | ||||||
| Hyundai Capital America | ||||||||
| 1.150%, 11/10/22 (144A) |
181,000 | 182,003 | ||||||
| 1.300%, 01/08/26 (144A) |
50,000 | 49,198 | ||||||
| 1.500%, 06/15/26 (144A) |
195,000 | 192,898 | ||||||
| 1.650%, 09/17/26 (144A) |
375,000 | 371,664 | ||||||
| 1.800%, 10/15/25 (144A) |
220,000 | 222,159 | ||||||
| 1.800%, 01/10/28 (144A) |
100,000 | 97,877 | ||||||
| 2.100%, 09/15/28 (144A) |
455,000 | 448,423 | ||||||
| 2.375%, 10/15/27 (144A) |
295,000 | 298,991 | ||||||
| 2.850%, 11/01/22 (144A) |
130,000 | 133,120 | ||||||
| Nissan Motor Acceptance Co. LLC | ||||||||
| 1.850%, 09/16/26 (144A) |
185,000 | 183,080 | ||||||
| 2.450%, 09/15/28 (144A) |
85,000 | 84,049 | ||||||
| Nissan Motor Co., Ltd. | ||||||||
| 3.522%, 09/17/25 (144A) |
220,000 | 233,895 | ||||||
| 4.345%, 09/17/27 (144A) |
445,000 | 488,904 | ||||||
| 4.810%, 09/17/30 (144A) |
295,000 | 331,787 | ||||||
| Stellantis Finance US, Inc. | ||||||||
| 1.711%, 01/29/27 (144A) |
200,000 | 199,347 | ||||||
BHFTI-211
Brighthouse Funds Trust I
JPMorgan Global Active Allocation Portfolio
Consolidated Schedule of Investments as of September 30, 2021 (Unaudited)
Corporate Bonds & Notes—(Continued)
| Security Description | Principal Amount* |
Value | ||||||
| Auto Manufacturers—(Continued) | ||||||||
| Volkswagen Group of America Finance LLC |
265,000 | $ | 284,231 | |||||
|
|
|
|||||||
| 5,813,922 | ||||||||
|
|
|
|||||||
| Auto Parts & Equipment—0.0% | ||||||||
| Lear Corp. |
170,000 | 211,141 | ||||||
|
|
|
|||||||
| Banks—3.4% | ||||||||
| ABN AMRO Bank NV |
200,000 | 198,871 | ||||||
| AIB Group plc | ||||||||
| 4.263%, 3M LIBOR + 1.874%, 04/10/25 (144A) (c) |
315,000 | 337,748 | ||||||
| 4.750%, 10/12/23 (144A) |
250,000 | 268,895 | ||||||
| Australia & New Zealand Banking Group, Ltd. |
295,000 | 330,321 | ||||||
| Banco Bilbao Vizcaya Argentaria S.A. |
400,000 | 395,821 | ||||||
| Banco Santander S.A. | ||||||||
| 1.722%, 1Y H15 + 0.900%, 09/14/27 (c) |
200,000 | 199,071 | ||||||
| 2.706%, 06/27/24 |
600,000 | 631,071 | ||||||
| 2.746%, 05/28/25 |
200,000 | 209,794 | ||||||
| 3.306%, 06/27/29 |
200,000 | 216,275 | ||||||
| 3.490%, 05/28/30 |
200,000 | 215,179 | ||||||
| Bank of America Corp. | ||||||||
| 1.197%, SOFR + 1.010%, 10/24/26 (c) |
310,000 | 307,671 | ||||||
| 1.734%, SOFR + 0.960%, 07/22/27 (c) |
141,000 | 141,580 | ||||||
| 1.898%, SOFR + 1.530%, 07/23/31 (c) |
330,000 | 318,211 | ||||||
| 1.922%, SOFR + 1.370%, 10/24/31 (c) |
420,000 | 404,028 | ||||||
| 2.299%, SOFR + 1.220%, 07/21/32 (c) |
450,000 | 443,575 | ||||||
| 2.482%, 5Y H15 + 1.200%, 09/21/36 (c) |
170,000 | 166,636 | ||||||
| 2.496%, 3M LIBOR + 0.990%, 02/13/31 (c) |
260,000 | 263,117 | ||||||
| 2.651%, SOFR + 1.220%, 03/11/32 (c) |
640,000 | 651,724 | ||||||
| 2.676%, SOFR + 1.930%, 06/19/41 (c) |
755,000 | 728,891 | ||||||
| 2.687%, SOFR + 1.320%, 04/22/32 (c) |
1,085,000 | 1,104,823 | ||||||
| 2.884%, 3M LIBOR + 1.190%, 10/22/30 (c) |
270,000 | 281,875 | ||||||
| 3.093%, 3M LIBOR + 1.090%, 10/01/25 (c) |
200,000 | 212,594 | ||||||
| 3.248%, 10/21/27 |
365,000 | 394,112 | ||||||
| 3.705%, 3M LIBOR + 1.512%, 04/24/28 (c) |
1,892,000 | 2,079,248 | ||||||
| 3.824%, 3M LIBOR + 1.575%, 01/20/28 (c) |
300,000 | 331,065 | ||||||
| 4.183%, 11/25/27 |
560,000 | 624,262 | ||||||
| 4.244%, 3M LIBOR + 1.814%, 04/24/38 (c) |
270,000 | 315,900 | ||||||
| 4.450%, 03/03/26 |
167,000 | 186,995 | ||||||
| Bank of Ireland Group plc |
495,000 | 494,712 | ||||||
| Bank of Montreal |
100,000 | 109,565 | ||||||
| Barclays plc | ||||||||
| 1.007%, 1Y H15 + 0.800%, 12/10/24 (c) |
200,000 | 200,920 | ||||||
| 3.932%, 3M LIBOR + 1.610%, 05/07/25 (c) |
670,000 | 719,038 | ||||||
| BNP Paribas S.A. | ||||||||
| 2.159%, SOFR + 1.218%, 09/15/29 (144A) (c) |
440,000 | 435,835 | ||||||
| 2.219%, SOFR + 2.074%, 06/09/26 (144A) (c) |
340,000 | 348,969 | ||||||
| 2.588%, 5Y H15 + 2.050%, 08/12/35 (144A) (c) |
200,000 | 193,944 | ||||||
| 2.871%, SOFR + 1.387%, 04/19/32 (144A) (c) |
220,000 | 224,678 | ||||||
| Banks—(Continued) | ||||||||
| BNP Paribas S.A. | ||||||||
| 3.052%, SOFR + 1.507%, 01/13/31 (144A) (c) |
270,000 | 282,856 | ||||||
| BPCE S.A. | ||||||||
| 2.375%, 01/14/25 (144A) |
400,000 | 413,008 | ||||||
| 2.700%, 10/01/29 (144A) |
685,000 | 710,903 | ||||||
| Citigroup, Inc. | ||||||||
| 1.122%, SOFR + 0.765%, 01/28/27 (c) |
144,000 | 141,989 | ||||||
| 1.462%, SOFR + 0.770%, 06/09/27 (b) (c) |
590,000 | 586,523 | ||||||
| 2.561%, SOFR + 1.167%, 05/01/32 (c) |
240,000 | 242,360 | ||||||
| 2.572%, SOFR + 2.107%, 06/03/31 (b) (c) |
775,000 | 789,961 | ||||||
| 3.106%, SOFR + 2.842%, 04/08/26 (c) |
310,000 | 329,143 | ||||||
| 3.520%, 3M LIBOR + 1.151%, 10/27/28 (c) |
322,000 | 350,137 | ||||||
| 3.668%, 3M LIBOR + 1.390%, 07/24/28 (c) |
200,000 | 219,841 | ||||||
| 3.887%, 3M LIBOR + 1.563%, 01/10/28 (c) |
1,470,000 | 1,624,393 | ||||||
| 3.980%, 3M LIBOR + 1.338%, 03/20/30 (c) |
100,000 | 112,315 | ||||||
| 4.000%, 5Y H15 + 3.597%, 12/10/25 (c) |
287,000 | 297,389 | ||||||
| 4.300%, 11/20/26 |
308,000 | 345,924 | ||||||
| 4.400%, 06/10/25 |
120,000 | 132,729 | ||||||
| 5.300%, 05/06/44 |
100,000 | 133,092 | ||||||
| 6.250%, 3M LIBOR + 4.517%, 08/15/26 (c) |
330,000 | 382,044 | ||||||
| 6.300%, 3M LIBOR + 3.423%, 05/15/24 (c) |
39,000 | 42,101 | ||||||
| Cooperative Rabobank UA |
955,000 | 1,052,509 | ||||||
| Credit Agricole S.A. | ||||||||
| 1.247%, SOFR + 0.892%, 01/26/27 (144A) (c) |
535,000 | 527,439 | ||||||
| 1.907%, SOFR + 1.676%, 06/16/26 (144A) (c) |
325,000 | 331,182 | ||||||
| 8.125%, 5Y USD Swap + 6.185%, 12/23/25 (144A) (c) |
330,000 | 398,475 | ||||||
| Credit Suisse Group AG | ||||||||
| 1.305%, SOFR + 0.980%, 02/02/27 (144A) (c) |
250,000 | 244,314 | ||||||
| 3.091%, SOFR + 1.730%, 05/14/32 (144A) (c) |
570,000 | 582,840 | ||||||
| 4.194%, SOFR + 3.730%, 04/01/31 (144A) (c) |
345,000 | 386,417 | ||||||
| 4.207%, 3M LIBOR + 1.240%, 06/12/24 (144A) (c) |
1,985,000 | 2,095,993 | ||||||
| 4.282%, 01/09/28 (144A) |
730,000 | 811,382 | ||||||
| Danske Bank A/S | ||||||||
| 1.171%, 1Y H15 + 1.030%, 12/08/23 (144A) (c) |
275,000 | 276,309 | ||||||
| 1.621%, 1Y H15 + 1.350%, 09/11/26 (144A) (c) |
245,000 | 245,028 | ||||||
| 3.244%, 3M LIBOR + 1.591%, 12/20/25 (144A) (c) |
210,000 | 223,095 | ||||||
| 5.000%, 1Y H15 + 1.730%, 01/12/23 (144A) (c) |
925,000 | 935,734 | ||||||
| Deutsche Bank AG | ||||||||
| 1.686%, 03/19/26 |
390,000 | 392,216 | ||||||
| 2.129%, SOFR + 1.870%, 11/24/26 (c) |
150,000 | 152,365 | ||||||
| 2.222%, SOFR + 2.159%, 09/18/24 (c) |
365,000 | 374,122 | ||||||
| 3.035%, SOFR + 1.718%, 05/28/32 (c) |
280,000 | 284,090 | ||||||
| Goldman Sachs Group, Inc. (The) | ||||||||
| 1.431%, SOFR + 0.798%, 03/09/27 (c) |
1,010,000 | 1,007,223 | ||||||
| 1.542%, SOFR + 0.818%, 09/10/27 (c) |
1,115,000 | 1,110,537 | ||||||
| 2.383%, SOFR + 1.248%, 07/21/32 (c) |
560,000 | 554,467 | ||||||
| 2.615%, SOFR + 1.281%, 04/22/32 (c) |
170,000 | 172,055 | ||||||
| 3.272%, 3M LIBOR + 1.201%, 09/29/25 (c) |
350,000 | 373,741 | ||||||
| 3.500%, 11/16/26 |
1,489,000 | 1,609,042 | ||||||
| 3.650%, 5Y H15 + 2.915%, 08/10/26 (c) |
260,000 | 260,325 | ||||||
| 3.800%, 5Y H15 + 2.969%, 05/10/26 (b) (c) |
263,000 | 269,246 | ||||||
| 3.814%, 3M LIBOR + 1.158%, 04/23/29 (c) |
350,000 | 387,334 | ||||||
| 4.017%, 3M LIBOR + 1.373%, 10/31/38 (c) |
545,000 | 626,330 | ||||||
| 4.411%, 3M LIBOR + 1.430%, 04/23/39 (c) |
140,000 | 168,261 | ||||||
BHFTI-212
Brighthouse Funds Trust I
JPMorgan Global Active Allocation Portfolio
Consolidated Schedule of Investments as of September 30, 2021 (Unaudited)
Corporate Bonds & Notes—(Continued)
| Security Description | Principal Amount* |
Value | ||||||
| Banks—(Continued) | ||||||||
| HSBC Holdings plc | ||||||||
| 0.976%, SOFR + 0.708%, 05/24/25 (c) |
255,000 | $ | 254,551 | |||||
| 1.645%, SOFR + 1.538%, 04/18/26 (c) |
1,130,000 | 1,136,061 | ||||||
| 2.013%, SOFR + 1.732%, 09/22/28 (c) |
975,000 | 974,761 | ||||||
| 2.206%, SOFR + 1.285%, 08/17/29 (c) |
400,000 | 396,744 | ||||||
| 2.357%, SOFR + 1.947%, 08/18/31 (c) |
440,000 | 435,122 | ||||||
| 2.633%, SOFR + 1.402%, 11/07/25 (c) |
945,000 | 985,698 | ||||||
| 2.804%, SOFR + 1.187%, 05/24/32 (c) |
200,000 | 202,694 | ||||||
| 4.292%, 3M LIBOR + 1.348%, 09/12/26 (c) |
250,000 | 275,783 | ||||||
| 6.375%, 5Y USD ICE Swap + 4.368%, 03/30/25 (c) |
200,000 | 218,284 | ||||||
| 6.500%, 09/15/37 |
100,000 | 138,640 | ||||||
| ING Groep NV |
200,000 | 193,980 | ||||||
| Intesa Sanpaolo S.p.A. |
210,000 | 247,770 | ||||||
| Lloyds Banking Group plc |
||||||||
| 1.627%, 1Y H15 + 0.850%, 05/11/27 (c) |
440,000 | 439,630 | ||||||
| 4.375%, 03/22/28 |
283,000 | 321,907 | ||||||
| Macquarie Group, Ltd. | ||||||||
| 1.340%, SOFR + 1.069%, 01/12/27 (144A) (c) |
60,000 | 59,476 | ||||||
| 2.691%, SOFR + 1.440%, 06/23/32 (144A) (c) |
265,000 | 264,604 | ||||||
| 3.763%, 3M LIBOR + 1.372%, 11/28/28 (144A) (c) |
526,000 | 575,897 | ||||||
| Mitsubishi UFJ Financial Group, Inc. | ||||||||
| 2.193%, 02/25/25 |
1,180,000 | 1,220,561 | ||||||
| 3.751%, 07/18/39 |
250,000 | 281,396 | ||||||
| Mizuho Financial Group, Inc. | ||||||||
| 1.234%, 1Y H15 + 0.670%, 05/22/27 (c) |
200,000 | 196,850 | ||||||
| 2.564%, 09/13/31 |
330,000 | 325,348 | ||||||
| 2.869%, SOFR + 1.572%, 09/13/30 (c) |
200,000 | 209,345 | ||||||
| Morgan Stanley | ||||||||
| 1.512%, SOFR + 0.858%, 07/20/27 (c) |
270,000 | 268,716 | ||||||
| 1.593%, SOFR + 0.879%, 05/04/27 (c) |
500,000 | 501,488 | ||||||
| 1.794%, SOFR + 1.034%, 02/13/32 (c) |
802,000 | 763,816 | ||||||
| 2.239%, SOFR + 1.178%, 07/21/32 (c) |
690,000 | 678,123 | ||||||
| 2.484%, SOFR + 1.360%, 09/16/36 (c) |
10,000 | 9,787 | ||||||
| 2.720%, SOFR + 1.152%, 07/22/25 (c) |
1,200,000 | 1,257,390 | ||||||
| 2.802%, SOFR + 1.430%, 01/25/52 (c) |
105,000 | 100,925 | ||||||
| 3.591%, 3M LIBOR + 1.340%, 07/22/28 (c) |
709,000 | 777,516 | ||||||
| 3.622%, SOFR + 3.120%, 04/01/31 (c) |
228,000 | 251,294 | ||||||
| 3.971%, 3M LIBOR + 1.455%, 07/22/38 (c) |
382,000 | 437,629 | ||||||
| 4.300%, 01/27/45 |
70,000 | 85,325 | ||||||
| National Australia Bank, Ltd. | ||||||||
| 2.990%, 05/21/31 (144A) |
265,000 | 268,170 | ||||||
| 3.933%, 5Y H15 + 1.880%, 08/02/34 (144A) (c) |
390,000 | 419,621 | ||||||
| Natwest Group plc | ||||||||
| 1.642%, 1Y H15 + 0.900%, 06/14/27 (c) |
227,000 | 226,985 | ||||||
| 3.754%, 5Y H15 + 2.100%, 11/01/29 (c) |
200,000 | 213,439 | ||||||
| 4.269%, 3M LIBOR + 1.762%, 03/22/25 (c) |
1,666,000 | 1,797,847 | ||||||
| 4.892%, 3M LIBOR + 1.754%, 05/18/29 (c) |
200,000 | 232,882 | ||||||
| NatWest Markets plc |
300,000 | 299,836 | ||||||
| Northern Trust Corp. | ||||||||
| 3.375%, 3M LIBOR + 1.131%, 05/08/32 (c) |
100,000 | 107,648 | ||||||
| Santander UK Group Holdings plc | ||||||||
| 1.089%, SOFR + 0.787%, 03/15/25 (c) |
700,000 | 701,227 | ||||||
| Banks—(Continued) | ||||||||
| Santander UK Group Holdings plc | ||||||||
| 1.673%, SOFR + 0.989%, 06/14/27 (c) |
600,000 | 597,444 | ||||||
| 2.896%, SOFR + 1.475%, 03/15/32 (c) |
260,000 | 265,203 | ||||||
| Societe Generale S.A. | ||||||||
| 1.488%, 1Y H15 + 1.100%, 12/14/26 (144A) (c) |
465,000 | 459,813 | ||||||
| 1.792%, 1Y H15 + 1.000%, 06/09/27 (144A) (c) |
370,000 | 367,992 | ||||||
| 2.625%, 10/16/24 (144A) |
665,000 | 691,881 | ||||||
| 2.889%, 1Y H15 + 1.300%, 06/09/32 (144A) (c) |
340,000 | 341,924 | ||||||
| 3.000%, 01/22/30 (144A) |
279,000 | 288,226 | ||||||
| 3.875%, 03/28/24 (144A) |
375,000 | 400,589 | ||||||
| 4.250%, 04/14/25 (144A) |
350,000 | 378,054 | ||||||
| Standard Chartered plc | ||||||||
| 1.319%, 1Y H15 + 1.170%, 10/14/23 (144A) (c) |
240,000 | 241,511 | ||||||
| 1.456%, 1Y H15 + 1.000%, 01/14/27 (144A) (c) |
200,000 | 196,621 | ||||||
| 2.678%, 1Y H15 + 1.200%, 06/29/32 (144A) (c) |
520,000 | 516,356 | ||||||
| 4.247%, 3M LIBOR + 1.150%, 01/20/23 (144A) (c) |
250,000 | 252,765 | ||||||
| SVB Financial Group |
230,000 | 235,750 | ||||||
| UBS Group AG | ||||||||
| 1.364%, 1Y H15 + 1.080%, 01/30/27 (144A) (c) |
310,000 | 307,110 | ||||||
| 1.494%, 1Y H15 + 0.850%, 08/10/27 (144A) (c) |
200,000 | 197,684 | ||||||
| 3.126%, 3M LIBOR + 1.468%, 08/13/30 (144A) (c) |
295,000 | 313,311 | ||||||
| 4.125%, 09/24/25 (144A) |
200,000 | 220,957 | ||||||
| UniCredit S.p.A. | ||||||||
| 1.982%, 1Y H15 + 1.200%, 06/03/27 (144A) (c) |
400,000 | 398,986 | ||||||
| 3.127%, 1Y H15 + 1.550%, 06/03/32 (144A) (c) |
200,000 | 202,653 | ||||||
| 5.861%, 5Y USD ICE Swap + 3.703%, 06/19/32 (144A) (c) |
530,000 | 589,479 | ||||||
| Wells Fargo & Co. |
150,000 | 154,716 | ||||||
| 2.406%, SOFR + 1.087%, 10/30/25 (c) |
830,000 | 864,428 | ||||||
| 3.068%, SOFR + 2.530%, 04/30/41 (c) |
335,000 | 344,244 | ||||||
| 3.196%, 3M LIBOR + 1.170%, 06/17/27 (c) |
1,100,000 | 1,180,776 | ||||||
| 3.584%, 3M LIBOR + 1.310%, 05/22/28 (c) |
323,000 | 353,643 | ||||||
| 3.900%, 5Y H15 + 3.453%, 03/15/26 (b)(c) |
425,000 | 438,281 | ||||||
| 4.400%, 06/14/46 |
345,000 | 410,028 | ||||||
| 4.750%, 12/07/46 |
125,000 | 156,551 | ||||||
| Westpac Banking Corp. |
540,000 | 596,061 | ||||||
| 4.421%, 07/24/39 (b) |
90,000 | 106,138 | ||||||
|
|
|
|||||||
| 68,499,734 | ||||||||
|
|
|
|||||||
| Beverages—0.3% | ||||||||
| Anheuser-Busch Cos. LLC / Anheuser-Busch InBev Worldwide, Inc. |
970,000 | 1,172,187 | ||||||
| 4.900%, 02/01/46 |
200,000 | 245,843 | ||||||
| Anheuser-Busch InBev Finance, Inc. |
423,000 | 511,351 | ||||||
| Anheuser-Busch InBev Worldwide, Inc. | ||||||||
| 4.350%, 06/01/40 |
150,000 | 174,306 | ||||||
| 4.375%, 04/15/38 |
967,000 | 1,128,750 | ||||||
| 4.439%, 10/06/48 |
120,000 | 140,388 | ||||||
| 4.500%, 06/01/50 |
415,000 | 495,394 | ||||||
| 4.600%, 04/15/48 |
80,000 | 95,506 | ||||||
| 4.600%, 06/01/60 |
70,000 | 84,108 | ||||||
BHFTI-213
Brighthouse Funds Trust I
JPMorgan Global Active Allocation Portfolio
Consolidated Schedule of Investments as of September 30, 2021 (Unaudited)
Corporate Bonds & Notes—(Continued)
| Security Description | Principal Amount* |
Value | ||||||
| Beverages—(Continued) | ||||||||
| Coca-Cola Co. (The) |
205,000 | $ | 207,731 | |||||
| 2.600%, 06/01/50 |
225,000 | 215,014 | ||||||
| 3.000%, 03/05/51 |
200,000 | 207,102 | ||||||
| Constellation Brands, Inc. |
270,000 | 288,727 | ||||||
| 5.250%, 11/15/48 |
25,000 | 32,746 | ||||||
| Fomento Economico Mexicano S.A.B. de C.V. |
236,000 | 246,910 | ||||||
| Keurig Dr Pepper, Inc. |
75,000 | 82,411 | ||||||
| 4.597%, 05/25/28 |
260,000 | 301,841 | ||||||
| PepsiCo, Inc. |
130,000 | 143,866 | ||||||
| Pernod Ricard International Finance LLC |
360,000 | 339,829 | ||||||
|
|
|
|||||||
| 6,114,010 | ||||||||
|
|
|
|||||||
| Biotechnology—0.2% | ||||||||
| Amgen, Inc. |
470,000 | 451,986 | ||||||
| 3.000%, 01/15/52 |
230,000 | 220,643 | ||||||
| 3.150%, 02/21/40 |
345,000 | 348,247 | ||||||
| Biogen, Inc. |
129,000 | 128,308 | ||||||
| 3.150%, 05/01/50 |
508,000 | 484,193 | ||||||
| Gilead Sciences, Inc. |
460,000 | 437,947 | ||||||
| 2.800%, 10/01/50 (b) |
310,000 | 292,235 | ||||||
| 4.000%, 09/01/36 |
240,000 | 276,012 | ||||||
| Regeneron Pharmaceuticals, Inc. |
690,000 | 656,416 | ||||||
| Royalty Pharma plc |
130,000 | 129,157 | ||||||
| 1.750%, 09/02/27 |
130,000 | 129,438 | ||||||
| 2.150%, 09/02/31 |
220,000 | 211,845 | ||||||
| 3.350%, 09/02/51 |
210,000 | 198,964 | ||||||
| 3.550%, 09/02/50 |
110,000 | 108,056 | ||||||
|
|
|
|||||||
| 4,073,447 | ||||||||
|
|
|
|||||||
| Building Materials—0.0% | ||||||||
| Lennox International, Inc. |
160,000 | 158,823 | ||||||
| Martin Marietta Materials, Inc. |
100,000 | 108,898 | ||||||
| Masco Corp. |
50,000 | 48,337 | ||||||
| 6.500%, 08/15/32 |
150,000 | 198,239 | ||||||
|
|
|
|||||||
| 514,297 | ||||||||
|
|
|
|||||||
| Chemicals—0.1% | ||||||||
| Celanese U.S. Holdings LLC |
139,000 | 148,134 | ||||||
| Chemicals—(Continued) | ||||||||
| CF Industries, Inc. |
272,000 | 327,776 | ||||||
| Dow Chemical Co. (The) |
335,000 | 331,896 | ||||||
| DuPont de Nemours, Inc. |
60,000 | 77,320 | ||||||
| Eastman Chemical Co. |
150,000 | 172,798 | ||||||
| International Flavors & Fragrances, Inc. |
55,000 | 57,721 | ||||||
| LYB International Finance III LLC |
225,000 | 236,530 | ||||||
| Nutrien, Ltd. |
50,000 | 56,942 | ||||||
| 5.000%, 04/01/49 |
75,000 | 98,569 | ||||||
|
|
|
|||||||
| 1,507,686 | ||||||||
|
|
|
|||||||
| Commercial Services—0.2% | ||||||||
| Ford Foundation (The) |
55,000 | 54,476 | ||||||
| Global Payments, Inc. |
440,000 | 459,892 | ||||||
| 2.900%, 05/15/30 |
110,000 | 113,496 | ||||||
| 3.200%, 08/15/29 |
265,000 | 280,131 | ||||||
| 4.150%, 08/15/49 |
125,000 | 140,329 | ||||||
| IHS Markit, Ltd. |
354,000 | 403,425 | ||||||
| 4.750%, 08/01/28 |
235,000 | 275,150 | ||||||
| Moody’s Corp. |
130,000 | 113,781 | ||||||
| Pepperdine University |
180,000 | 186,339 | ||||||
| Quanta Services, Inc. |
115,000 | 112,523 | ||||||
| 2.900%, 10/01/30 |
180,000 | 186,197 | ||||||
| S&P Global, Inc. |
190,000 | 161,598 | ||||||
| Triton Container International, Ltd. |
360,000 | 359,416 | ||||||
| Trustees of Boston University |
210,000 | 221,447 | ||||||
| University of Chicago (The) |
100,000 | 101,953 | ||||||
| University of Southern California |
100,000 | 100,861 | ||||||
|
|
|
|||||||
| 3,271,014 | ||||||||
|
|
|
|||||||
| Computers—0.2% | ||||||||
| Apple, Inc. |
175,000 | 168,084 | ||||||
| 2.650%, 05/11/50 |
340,000 | 326,878 | ||||||
| 2.700%, 08/05/51 |
440,000 | 424,273 | ||||||
| 2.800%, 02/08/61 |
35,000 | 33,428 | ||||||
| 2.850%, 08/05/61 |
205,000 | 197,804 | ||||||
| 3.450%, 02/09/45 |
716,000 | 792,823 | ||||||
BHFTI-214
Brighthouse Funds Trust I
JPMorgan Global Active Allocation Portfolio
Consolidated Schedule of Investments as of September 30, 2021 (Unaudited)
Corporate Bonds & Notes—(Continued)
| Security Description | Principal Amount* |
Value | ||||||
| Computers—(Continued) | ||||||||
| CGI, Inc. |
156,000 | $ | 151,562 | |||||
| Dell International LLC / EMC Corp. |
110,000 | 126,716 | ||||||
| 5.300%, 10/01/29 |
518,000 | 626,167 | ||||||
| 5.450%, 06/15/23 |
65,000 | 69,714 | ||||||
| 6.020%, 06/15/26 |
414,000 | 492,464 | ||||||
| Leidos, Inc. |
210,000 | 205,181 | ||||||
| 2.950%, 05/15/23 |
150,000 | 155,045 | ||||||
|
|
|
|||||||
| 3,770,139 | ||||||||
|
|
|
|||||||
| Diversified Financial Services—0.5% | ||||||||
| AerCap Ireland Capital DAC / AerCap Global Aviation Trust |
151,000 | 149,457 | ||||||
| 3.650%, 07/21/27 |
400,000 | 424,891 | ||||||
| 4.450%, 04/03/26 |
150,000 | 163,386 | ||||||
| 4.500%, 09/15/23 |
245,000 | 261,025 | ||||||
| 4.875%, 01/16/24 |
150,000 | 162,072 | ||||||
| Air Lease Corp. |
116,000 | 121,208 | ||||||
| 3.000%, 09/15/23 |
60,000 | 62,357 | ||||||
| 3.250%, 10/01/29 |
150,000 | 156,054 | ||||||
| 3.375%, 07/01/25 |
401,000 | 425,843 | ||||||
| 3.625%, 12/01/27 |
119,000 | 127,442 | ||||||
| Aviation Capital Group LLC |
130,000 | 129,530 | ||||||
| 1.950%, 09/20/26 (144A) |
430,000 | 425,440 | ||||||
| 3.875%, 05/01/23 (144A) |
100,000 | 104,345 | ||||||
| 4.125%, 08/01/25 (144A) |
80,000 | 86,101 | ||||||
| 5.500%, 12/15/24 (144A) |
110,000 | 123,284 | ||||||
| Avolon Holdings Funding, Ltd. |
70,000 | 69,284 | ||||||
| 2.528%, 11/18/27 (144A) |
623,000 | 612,722 | ||||||
| 2.875%, 02/15/25 (144A) |
164,000 | 168,742 | ||||||
| 3.625%, 05/01/22 (144A) |
95,000 | 96,421 | ||||||
| 4.250%, 04/15/26 (144A) |
465,000 | 500,138 | ||||||
| 4.375%, 05/01/26 (144A) |
495,000 | 534,404 | ||||||
| 5.250%, 05/15/24 (144A) |
100,000 | 109,245 | ||||||
| 5.500%, 01/15/26 (144A) |
185,000 | 207,387 | ||||||
| BOC Aviation, Ltd. |
220,000 | 223,384 | ||||||
| Brookfield Finance, Inc. |
137,000 | 161,257 | ||||||
| Capital One Financial Corp. |
241,000 | 248,230 | ||||||
| Charles Schwab Corp. (The) |
480,000 | 495,120 | ||||||
| GE Capital Funding LLC |
720,000 | 834,278 | ||||||
| GE Capital International Funding Co. |
1,305,000 | 1,566,068 | ||||||
| GTP Acquisition Partners I LLC |
325,000 | 342,621 | ||||||
| Mitsubishi HC Capital, Inc. |
200,000 | 211,186 | ||||||
| Diversified Financial Services—(Continued) | ||||||||
| Nomura Holdings, Inc. |
295,000 | 299,390 | ||||||
| 2.648%, 01/16/25 |
375,000 | 390,625 | ||||||
| Nuveen LLC |
100,000 | 113,525 | ||||||
| Park Aerospace Holdings, Ltd. |
190,000 | 198,539 | ||||||
| 5.500%, 02/15/24 (144A) |
95,000 | 103,668 | ||||||
| Visa, Inc. |
105,000 | 107,431 | ||||||
|
|
|
|||||||
| 10,516,100 | ||||||||
|
|
|
|||||||
| Electric—1.3% | ||||||||
| AEP Texas, Inc. |
311,000 | 346,346 | ||||||
| AEP Transmission Co. LLC |
30,000 | 30,976 | ||||||
| AES Corp. (The) | ||||||||
| 1.375%, 01/15/26 |
200,000 | 197,374 | ||||||
| 3.300%, 07/15/25 (144A) |
400,000 | 424,888 | ||||||
| 3.950%, 07/15/30 (144A) |
67,000 | 73,675 | ||||||
| Alexander Funding Trust |
1,030,000 | 1,049,803 | ||||||
| Alliant Energy Finance LLC |
70,000 | 69,038 | ||||||
| Ameren Corp. |
100,000 | 98,004 | ||||||
| 3.500%, 01/15/31 |
268,000 | 291,420 | ||||||
| Ameren Illinois Co. |
225,000 | 286,069 | ||||||
| Appalachian Power Co. |
174,000 | 178,479 | ||||||
| 4.500%, 03/01/49 |
35,000 | 42,663 | ||||||
| Arizona Public Service Co. |
50,000 | 61,328 | ||||||
| Ausgrid Finance Pty, Ltd. |
150,000 | 155,635 | ||||||
| Baltimore Gas & Electric Co. |
210,000 | 218,524 | ||||||
| Berkshire Hathaway Energy Co. |
105,000 | 100,356 | ||||||
| CenterPoint Energy, Inc. | ||||||||
| 2.650%, 06/01/31 (b) |
420,000 | 428,876 | ||||||
| 2.950%, 03/01/30 |
160,000 | 167,402 | ||||||
| Cleveland Electric Illuminating Co. (The) |
60,000 | 69,959 | ||||||
| CMS Energy Corp. |
235,000 | 264,354 | ||||||
| Commonwealth Edison Co. |
128,000 | 144,248 | ||||||
| Consolidated Edison Co. of New York, Inc. |
150,000 | 185,589 | ||||||
| Dominion Energy, Inc. |
120,000 | 135,247 | ||||||
| Duke Energy Carolinas LLC |
190,000 | 196,792 | ||||||
| 4.000%, 09/30/42 |
255,000 | 291,485 | ||||||
BHFTI-215
Brighthouse Funds Trust I
JPMorgan Global Active Allocation Portfolio
Consolidated Schedule of Investments as of September 30, 2021 (Unaudited)
Corporate Bonds & Notes—(Continued)
| Security Description | Principal Amount* |
Value | ||||||
| Electric—(Continued) | ||||||||
| Duke Energy Indiana LLC |
120,000 | $ | 114,772 | |||||
| 3.750%, 05/15/46 |
585,000 | 648,796 | ||||||
| Duke Energy Ohio, Inc. |
21,000 | 25,751 | ||||||
| Duke Energy Progress LLC | ||||||||
| 2.900%, 08/15/51 |
170,000 | 166,571 | ||||||
| 3.700%, 10/15/46 |
120,000 | 133,890 | ||||||
| Duquesne Light Holdings, Inc. |
754,000 | 808,764 | ||||||
| Edison International |
276,000 | 292,637 | ||||||
| 5.750%, 06/15/27 |
55,000 | 63,328 | ||||||
| EDP Finance B.V. |
515,000 | 506,124 | ||||||
| Emera U.S. Finance L.P. | ||||||||
| 2.639%, 06/15/31 (144A) |
245,000 | 245,494 | ||||||
| 4.750%, 06/15/46 |
322,000 | 379,953 | ||||||
| Enel Finance International NV | ||||||||
| 1.375%, 07/12/26 (144A) |
254,000 | 252,556 | ||||||
| 2.250%, 07/12/31 (144A) |
200,000 | 197,346 | ||||||
| 3.625%, 05/25/27 (144A) |
220,000 | 243,537 | ||||||
| Entergy Arkansas LLC | ||||||||
| 4.000%, 06/01/28 |
160,000 | 179,976 | ||||||
| 4.950%, 12/15/44 |
59,000 | 64,502 | ||||||
| Entergy Corp. |
220,000 | 218,063 | ||||||
| Entergy Louisiana LLC | ||||||||
| 2.350%, 06/15/32 |
220,000 | 220,472 | ||||||
| 2.900%, 03/15/51 |
60,000 | 58,563 | ||||||
| 4.950%, 01/15/45 |
260,000 | 283,447 | ||||||
| Entergy Mississippi LLC | ||||||||
| 3.500%, 06/01/51 |
40,000 | 43,674 | ||||||
| 3.850%, 06/01/49 |
120,000 | 136,361 | ||||||
| Entergy Texas, Inc. | ||||||||
| 1.500%, 09/01/26 |
150,000 | 147,754 | ||||||
| 3.550%, 09/30/49 |
265,000 | 281,827 | ||||||
| 4.000%, 03/30/29 |
303,000 | 339,105 | ||||||
| Evergy Kansas Central, Inc. |
205,000 | 212,907 | ||||||
| Evergy Metro, Inc. |
160,000 | 161,295 | ||||||
| Evergy, Inc. |
150,000 | 157,421 | ||||||
| Exelon Generation Co. LLC | ||||||||
| 5.600%, 06/15/42 |
135,000 | 162,789 | ||||||
| 5.750%, 10/01/41 |
120,000 | 146,300 | ||||||
| Fortis, Inc. |
272,000 | 291,838 | ||||||
| ITC Holdings Corp. |
955,000 | 1,002,229 | ||||||
| Jersey Central Power & Light Co. | ||||||||
| 2.750%, 03/01/32 (144A) |
202,000 | 206,929 | ||||||
| 6.150%, 06/01/37 |
100,000 | 133,128 | ||||||
| Louisville Gas & Electric Co. |
197,000 | 241,654 | ||||||
| Electric—(Continued) | ||||||||
| Metropolitan Edison Co. |
20,000 | 21,083 | ||||||
| Mid-Atlantic Interstate Transmission LLC |
40,000 | 44,810 | ||||||
| Monongahela Power Co. |
325,000 | 355,785 | ||||||
| Narragansett Electric Co. (The) |
200,000 | 216,400 | ||||||
| NextEra Energy Capital Holdings, Inc. | ||||||||
| 2.241%, 3M LIBOR + 2.125%, 06/15/67 (c) |
223,000 | 211,847 | ||||||
| 3.500%, 04/01/29 |
134,000 | 146,399 | ||||||
| NRG Energy, Inc. | ||||||||
| 2.000%, 12/02/25 (144A) |
90,000 | 91,499 | ||||||
| 2.450%, 12/02/27 (144A) |
100,000 | 101,477 | ||||||
| 3.750%, 06/15/24 (144A) |
387,000 | 412,800 | ||||||
| 4.450%, 06/15/29 (144A) |
100,000 | 110,639 | ||||||
| OGE Energy Corp. |
60,000 | 60,005 | ||||||
| Ohio Power Co. |
215,000 | 207,747 | ||||||
| Oklahoma Gas and Electric Co. |
70,000 | 70,001 | ||||||
| Pacific Gas and Electric Co. | ||||||||
| 1.367%, 03/10/23 |
110,000 | 109,616 | ||||||
| 1.500%, 3M LIBOR + 1.375%, 11/15/21 (c) |
355,000 | 355,143 | ||||||
| 1.750%, 06/16/22 |
655,000 | 653,940 | ||||||
| 2.950%, 03/01/26 |
55,000 | 56,464 | ||||||
| 3.450%, 07/01/25 |
310,000 | 323,776 | ||||||
| 3.750%, 08/15/42 |
37,000 | 33,435 | ||||||
| 4.000%, 12/01/46 |
305,000 | 294,099 | ||||||
| 4.300%, 03/15/45 |
60,000 | 59,195 | ||||||
| 4.550%, 07/01/30 |
30,000 | 32,440 | ||||||
| 4.600%, 06/15/43 |
82,000 | 81,802 | ||||||
| 4.650%, 08/01/28 |
165,000 | 180,390 | ||||||
| PacifiCorp. | ||||||||
| 2.700%, 09/15/30 |
95,000 | 98,880 | ||||||
| 2.900%, 06/15/52 |
166,000 | 161,542 | ||||||
| 3.300%, 03/15/51 |
97,000 | 100,736 | ||||||
| 4.125%, 01/15/49 |
285,000 | 335,474 | ||||||
| PECO Energy Co. |
105,000 | 132,868 | ||||||
| Pennsylvania Electric Co. |
500,000 | 537,147 | ||||||
| PPL Capital Funding, Inc. |
395,000 | 381,124 | ||||||
| Public Service Co. of Colorado |
185,000 | 223,227 | ||||||
| Public Service Co. of Oklahoma | ||||||||
| 2.200%, 08/15/31 |
185,000 | 182,472 | ||||||
| 6.625%, 11/15/37 |
100,000 | 141,854 | ||||||
| Public Service Electric and Gas Co. |
190,000 | 182,956 | ||||||
| Puget Energy Inc. |
140,000 | 140,031 | ||||||
BHFTI-216
Brighthouse Funds Trust I
JPMorgan Global Active Allocation Portfolio
Consolidated Schedule of Investments as of September 30, 2021 (Unaudited)
Corporate Bonds & Notes—(Continued)
| Security Description | Principal Amount* |
Value | ||||||
| Electric—(Continued) | ||||||||
| San Diego Gas & Electric Co. | ||||||||
| 2.950%, 08/15/51 |
150,000 | $ | 148,650 | |||||
| 4.300%, 04/01/42 |
160,000 | 186,114 | ||||||
| Southern California Edison Co. | ||||||||
| 3.600%, 02/01/45 |
111,000 | 112,150 | ||||||
| 3.650%, 03/01/28 |
324,000 | 350,812 | ||||||
| 3.700%, 08/01/25 |
410,000 | 445,785 | ||||||
| 3.900%, 03/15/43 |
23,000 | 24,487 | ||||||
| 4.050%, 03/15/42 |
150,000 | 160,957 | ||||||
| 4.125%, 03/01/48 |
195,000 | 212,483 | ||||||
| 4.500%, 09/01/40 |
130,000 | 147,089 | ||||||
| Southern Power Co. |
125,000 | 152,786 | ||||||
| Southwestern Electric Power Co. |
272,000 | 297,508 | ||||||
| Tucson Electric Power Co. | ||||||||
| 4.000%, 06/15/50 |
171,000 | 199,061 | ||||||
| 4.850%, 12/01/48 |
150,000 | 192,877 | ||||||
| Union Electric Co. |
235,000 | 232,878 | ||||||
| 2.950%, 06/15/27 |
161,000 | 172,023 | ||||||
| Virginia Electric and Power Co. |
105,000 | 94,063 | ||||||
| Vistra Operations Co. LLC | ||||||||
| 3.550%, 07/15/24 (144A) |
170,000 | 178,810 | ||||||
| 3.700%, 01/30/27 (144A) |
195,000 | 205,645 | ||||||
| 4.300%, 07/15/29 (144A) |
405,000 | 431,631 | ||||||
|
|
|
|||||||
| 25,073,195 | ||||||||
|
|
|
|||||||
| Electronics—0.0% | ||||||||
| Arrow Electronics, Inc. |
123,000 | 132,862 | ||||||
|
|
|
|||||||
| Food—0.1% | ||||||||
| Campbell Soup Co. |
28,000 | 27,096 | ||||||
| Conagra Brands, Inc. |
65,000 | 86,305 | ||||||
| Grupo Bimbo S.A.B. de C.V. |
210,000 | 227,416 | ||||||
| Kraft Heinz Foods Co. | ||||||||
| 3.750%, 04/01/30 |
350,000 | 381,361 | ||||||
| 4.250%, 03/01/31 |
320,000 | 361,767 | ||||||
| 4.625%, 10/01/39 |
170,000 | 198,132 | ||||||
| Kroger Co. (The) | ||||||||
| 3.950%, 01/15/50 (b) |
120,000 | 136,186 | ||||||
| 4.450%, 02/01/47 |
70,000 | 83,686 | ||||||
| Smithfield Foods, Inc. | ||||||||
| 3.000%, 10/15/30 (144A) |
200,000 | 201,309 | ||||||
| 5.200%, 04/01/29 (144A) |
150,000 | 172,236 | ||||||
| Sysco Corp. |
297,000 | 303,916 | ||||||
|
|
|
|||||||
| 2,179,410 | ||||||||
|
|
|
|||||||
| Gas—0.1% | ||||||||
| APT Pipelines, Ltd. | ||||||||
| 4.200%, 03/23/25 (144A) |
100,000 | 108,772 | ||||||
| 4.250%, 07/15/27 (144A) |
70,000 | 79,486 | ||||||
| Atmos Energy Corp. |
145,000 | 168,501 | ||||||
| Boston Gas Co. |
120,000 | 125,081 | ||||||
| Brooklyn Union Gas Co. (The) |
170,000 | 185,686 | ||||||
| NiSource, Inc. | ||||||||
| 1.700%, 02/15/31 |
100,000 | 94,199 | ||||||
| 2.950%, 09/01/29 |
180,000 | 188,104 | ||||||
| ONE Gas, Inc. |
142,000 | 172,514 | ||||||
| Southern California Gas Co. |
50,000 | 58,770 | ||||||
| Southern Co. Gas Capital Corp. | ||||||||
| 1.750%, 01/15/31 |
186,000 | 177,067 | ||||||
| 3.150%, 09/30/51 |
80,000 | 80,130 | ||||||
|
|
|
|||||||
| 1,438,310 | ||||||||
|
|
|
|||||||
| Healthcare-Products—0.0% | ||||||||
| Boston Scientific Corp. |
255,000 | 288,950 | ||||||
| Thermo Fisher Scientific, Inc. |
230,000 | 225,021 | ||||||
| Zimmer Biomet Holdings, Inc. |
55,000 | 65,140 | ||||||
|
|
|
|||||||
| 579,111 | ||||||||
|
|
|
|||||||
| Healthcare-Services—0.4% | ||||||||
| Aetna, Inc. | ||||||||
| 3.875%, 08/15/47 |
236,000 | 261,731 | ||||||
| 4.125%, 11/15/42 |
195,000 | 222,375 | ||||||
| Anthem, Inc. | ||||||||
| 2.875%, 09/15/29 |
160,000 | 168,427 | ||||||
| 4.101%, 03/01/28 |
140,000 | 158,482 | ||||||
| Children’s Hospital |
100,000 | 98,637 | ||||||
| CommonSpirit Health | ||||||||
| 1.547%, 10/01/25 |
65,000 | 65,273 | ||||||
| 2.782%, 10/01/30 |
70,000 | 72,083 | ||||||
| 3.910%, 10/01/50 |
65,000 | 71,009 | ||||||
| Cottage Health Obligated Group |
230,000 | 244,544 | ||||||
| Hartford HealthCare Corp. |
240,000 | 249,695 | ||||||
| HCA, Inc. | ||||||||
| 3.500%, 07/15/51 |
215,000 | 213,126 | ||||||
| 4.500%, 02/15/27 |
908,000 | 1,022,141 | ||||||
| 5.125%, 06/15/39 |
110,000 | 136,504 | ||||||
| 5.250%, 04/15/25 |
350,000 | 396,744 | ||||||
| 5.250%, 06/15/26 |
260,000 | 298,355 | ||||||
| 5.375%, 09/01/26 |
343,000 | 392,443 | ||||||
| 5.500%, 06/15/47 |
30,000 | 38,903 | ||||||
BHFTI-217
Brighthouse Funds Trust I
JPMorgan Global Active Allocation Portfolio
Consolidated Schedule of Investments as of September 30, 2021 (Unaudited)
Corporate Bonds & Notes—(Continued)
| Security Description | Principal Amount* |
Value | ||||||
| Healthcare-Services—(Continued) | ||||||||
| HCA, Inc. | ||||||||
| 5.625%, 09/01/28 |
664,000 | $ | 789,961 | |||||
| 5.875%, 02/15/26 |
91,000 | 104,309 | ||||||
| 5.875%, 02/01/29 |
109,000 | 130,984 | ||||||
| Humana, Inc. |
435,000 | 429,169 | ||||||
| Memorial Health Services |
210,000 | 233,118 | ||||||
| MidMichigan Health |
40,000 | 43,061 | ||||||
| New York and Presbyterian Hospital (The) |
230,000 | 214,959 | ||||||
| NYU Langone Hospitals |
90,000 | 93,856 | ||||||
| Piedmont Healthcare, Inc. |
95,000 | 92,305 | ||||||
| Quest Diagnostics, Inc. |
80,000 | 83,540 | ||||||
| UnitedHealth Group, Inc. | ||||||||
| 2.300%, 05/15/31 |
150,000 | 153,044 | ||||||
| 2.750%, 05/15/40 |
663,000 | 663,203 | ||||||
| 3.050%, 05/15/41 |
100,000 | 103,351 | ||||||
| 3.250%, 05/15/51 |
140,000 | 148,044 | ||||||
| 3.500%, 08/15/39 |
238,000 | 262,767 | ||||||
| Universal Health Services, Inc. | ||||||||
| 2.650%, 10/15/30 (144A) |
575,000 | 577,610 | ||||||
| 2.650%, 01/15/32 (144A) |
215,000 | 212,901 | ||||||
| Yale-New Haven Health Services Corp. |
110,000 | 101,911 | ||||||
|
|
|
|||||||
| 8,548,565 | ||||||||
|
|
|
|||||||
| Holding Companies-Diversified—0.1% | ||||||||
| CK Hutchison International 19, Ltd. | ||||||||
| 3.250%, 04/11/24 (144A) |
475,000 | 503,231 | ||||||
| 3.625%, 04/11/29 (144A) |
205,000 | 224,270 | ||||||
| CVS Pass-Through Trust |
266,182 | 301,909 | ||||||
| Hutchison Whampoa International 14, Ltd. |
200,000 | 215,907 | ||||||
|
|
|
|||||||
| 1,245,317 | ||||||||
|
|
|
|||||||
| Home Builders—0.1% | ||||||||
| Lennar Corp. | ||||||||
| 4.500%, 04/30/24 |
45,000 | 48,655 | ||||||
| 4.750%, 11/29/27 (b) |
345,000 | 399,752 | ||||||
| MDC Holdings, Inc. | ||||||||
| 2.500%, 01/15/31 |
220,000 | 214,405 | ||||||
| 3.850%, 01/15/30 |
526,000 | 564,398 | ||||||
|
|
|
|||||||
| 1,227,210 | ||||||||
|
|
|
|||||||
| Insurance—0.2% | ||||||||
| AIA Group, Ltd. |
210,000 | 233,520 | ||||||
| American Financial Group, Inc. |
70,000 | 76,392 | ||||||
| American International Group, Inc. | ||||||||
| 3.875%, 01/15/35 |
223,000 | 251,963 | ||||||
| 4.800%, 07/10/45 |
170,000 | 215,666 | ||||||
| Athene Global Funding | ||||||||
| 0.950%, 01/08/24 (144A) |
75,000 | 75,362 | ||||||
| 1.450%, 01/08/26 (144A) |
65,000 | 65,154 | ||||||
| 2.950%, 11/12/26 (144A) |
370,000 | 394,503 | ||||||
| Berkshire Hathaway Finance Corp. | ||||||||
| 2.850%, 10/15/50 |
260,000 | 256,222 | ||||||
| 4.400%, 05/15/42 |
200,000 | 248,680 | ||||||
| F&G Global Funding |
80,000 | 80,490 | ||||||
| Guardian Life Insurance Co. of America (The) | ||||||||
| 3.700%, 01/22/70 (144A) |
85,000 | 89,927 | ||||||
| 4.875%, 06/19/64 (144A) |
150,000 | 194,667 | ||||||
| Hanover Insurance Group, Inc. (The) |
70,000 | 70,277 | ||||||
| Hartford Financial Services Group, Inc. (The) | ||||||||
| 4.300%, 04/15/43 |
25,000 | 29,569 | ||||||
| 6.100%, 10/01/41 |
25,000 | 35,230 | ||||||
| Intact U.S. Holdings, Inc. |
150,000 | 155,937 | ||||||
| Massachusetts Mutual Life Insurance Co. |
195,000 | 240,924 | ||||||
| Nationwide Mutual Insurance Co. |
105,000 | 118,446 | ||||||
| New York Life Global Funding | ||||||||
| 1.850%, 08/01/31 (144A) |
230,000 | 223,919 | ||||||
| 3.000%, 01/10/28 (144A) |
125,000 | 134,729 | ||||||
| New York Life Insurance Co. | ||||||||
| 3.750%, 05/15/50 (144A) |
90,000 | 100,841 | ||||||
| 4.450%, 05/15/69 (144A) |
140,000 | 175,225 | ||||||
| Northwestern Mutual Global Funding |
85,000 | 85,297 | ||||||
| Northwestern Mutual Life Insurance Co. (The) |
220,000 | 251,026 | ||||||
| Pacific Life Insurance Co. |
97,000 | 110,202 | ||||||
| Prudential Financial, Inc. |
65,000 | 75,353 | ||||||
| Prudential Insurance Co. of America (The) |
250,000 | 308,809 | ||||||
| Swiss Re Finance Luxembourg S.A. |
400,000 | 458,576 | ||||||
| Teachers Insurance & Annuity Association of America |
100,000 | 120,831 | ||||||
|
|
|
|||||||
| 4,877,737 | ||||||||
|
|
|
|||||||
| Internet—0.1% | ||||||||
| Alphabet, Inc. |
250,000 | 224,463 | ||||||
BHFTI-218
Brighthouse Funds Trust I
JPMorgan Global Active Allocation Portfolio
Consolidated Schedule of Investments as of September 30, 2021 (Unaudited)
Corporate Bonds & Notes—(Continued)
| Security Description | Principal Amount* |
Value | ||||||
| Internet—(Continued) | ||||||||
| Amazon.com, Inc. | ||||||||
| 2.700%, 06/03/60 |
260,000 | $ | 244,137 | |||||
| 3.100%, 05/12/51 |
120,000 | 125,454 | ||||||
| 3.875%, 08/22/37 |
280,000 | 330,613 | ||||||
| VeriSign, Inc. |
250,000 | 254,085 | ||||||
|
|
|
|||||||
| 1,178,752 | ||||||||
|
|
|
|||||||
| Iron/Steel—0.0% | ||||||||
| Steel Dynamics, Inc. |
154,000 | 165,611 | ||||||
| Vale Overseas, Ltd. |
599,000 | 620,534 | ||||||
|
|
|
|||||||
| 786,145 | ||||||||
|
|
|
|||||||
| Lodging—0.0% | ||||||||
| Marriott International, Inc. | ||||||||
| 4.000%, 04/15/28 |
172,000 | 188,941 | ||||||
| 4.650%, 12/01/28 |
181,000 | 205,982 | ||||||
|
|
|
|||||||
| 394,923 | ||||||||
|
|
|
|||||||
| Machinery-Diversified—0.0% | ||||||||
| Otis Worldwide Corp. |
235,000 | 241,253 | ||||||
| Rockwell Automation, Inc. |
85,000 | 80,818 | ||||||
|
|
|
|||||||
| 322,071 | ||||||||
|
|
|
|||||||
| Media—0.4% | ||||||||
| Charter Communications Operating LLC / Charter Communications Operating Capital Corp. |
||||||||
| 2.250%, 01/15/29 |
95,000 | 94,925 | ||||||
| 2.300%, 02/01/32 |
285,000 | 271,427 | ||||||
| 2.800%, 04/01/31 |
300,000 | 300,678 | ||||||
| 3.500%, 06/01/41 |
190,000 | 186,570 | ||||||
| 3.500%, 03/01/42 |
195,000 | 190,792 | ||||||
| 3.700%, 04/01/51 |
60,000 | 58,417 | ||||||
| 3.900%, 06/01/52 |
105,000 | 104,588 | ||||||
| 4.800%, 03/01/50 |
240,000 | 269,329 | ||||||
| 6.384%, 10/23/35 |
330,000 | 433,916 | ||||||
| Comcast Corp. | ||||||||
| 1.950%, 01/15/31 |
90,000 | 88,321 | ||||||
| 2.450%, 08/15/52 (b) |
635,000 | 560,356 | ||||||
| 2.887%, 11/01/51 (144A) |
64,000 | 61,387 | ||||||
| 2.987%, 11/01/63 (144A) |
80,000 | 74,967 | ||||||
| 3.200%, 07/15/36 |
552,000 | 587,916 | ||||||
| 3.250%, 11/01/39 |
570,000 | 601,805 | ||||||
| 3.400%, 07/15/46 |
145,000 | 153,776 | ||||||
| 3.450%, 02/01/50 |
190,000 | 201,496 | ||||||
| 3.750%, 04/01/40 |
25,000 | 28,088 | ||||||
| COX Communications, Inc. | ||||||||
| 2.950%, 10/01/50 (144A) |
110,000 | 103,431 | ||||||
| 3.350%, 09/15/26 (144A) |
350,000 | 375,793 | ||||||
| Media—(Continued) | ||||||||
| Discovery Communications LLC | ||||||||
| 4.950%, 05/15/42 |
250,000 | 293,150 | ||||||
| 5.200%, 09/20/47 (b) |
305,000 | 380,005 | ||||||
| Time Warner Cable LLC | ||||||||
| 4.500%, 09/15/42 |
667,000 | 729,926 | ||||||
| 6.550%, 05/01/37 |
50,000 | 67,464 | ||||||
| 6.750%, 06/15/39 |
265,000 | 362,702 | ||||||
| ViacomCBS, Inc. |
213,000 | 243,663 | ||||||
| 4.600%, 01/15/45 |
100,000 | 119,796 | ||||||
| 5.850%, 09/01/43 |
50,000 | 68,139 | ||||||
| 6.250%, 3M LIBOR + 3.899%, 02/28/57 (c) |
135,000 | 154,575 | ||||||
| Walt Disney Co. (The) |
255,000 | 281,523 | ||||||
|
|
|
|||||||
| 7,448,921 | ||||||||
|
|
|
|||||||
| Metal Fabricate/Hardware—0.0% | ||||||||
| Precision Castparts Corp. |
60,000 | 71,070 | ||||||
|
|
|
|||||||
| Mining—0.1% | ||||||||
| Anglo American Capital plc |
200,000 | 200,680 | ||||||
| Glencore Finance Canada, Ltd. |
130,000 | 167,012 | ||||||
| Glencore Funding LLC | ||||||||
| 1.625%, 09/01/25 (144A) |
159,000 | 159,523 | ||||||
| 2.500%, 09/01/30 (144A) |
384,000 | 375,928 | ||||||
| 2.625%, 09/23/31 (144A) |
201,000 | 196,839 | ||||||
| 4.000%, 03/27/27 (144A) |
205,000 | 225,446 | ||||||
| 4.125%, 05/30/23 (144A) |
61,000 | 64,465 | ||||||
| Teck Resources, Ltd. | ||||||||
| 5.200%, 03/01/42 |
100,000 | 119,448 | ||||||
| 5.400%, 02/01/43 |
219,000 | 268,097 | ||||||
|
|
|
|||||||
| 1,777,438 | ||||||||
|
|
|
|||||||
| Miscellaneous Manufacturing—0.0% | ||||||||
| Eaton Corp. |
100,000 | 126,900 | ||||||
| General Electric Co. |
85,000 | 93,224 | ||||||
| Siemens Financieringsmaatschappij NV |
250,000 | 316,182 | ||||||
|
|
|
|||||||
| 536,306 | ||||||||
|
|
|
|||||||
| Oil & Gas—0.6% | ||||||||
| BP Capital Markets America, Inc. | ||||||||
| 2.772%, 11/10/50 |
160,000 | 147,624 | ||||||
| 2.939%, 06/04/51 |
270,000 | 255,284 | ||||||
| 3.000%, 02/24/50 |
115,000 | 110,630 | ||||||
| 3.017%, 01/16/27 |
596,000 | 640,635 | ||||||
| BP Capital Markets plc | ||||||||
| 4.375%, 5Y H15 + 4.036%, 06/22/25 (c) |
56,000 | 59,676 | ||||||
| 4.875%, 5Y H15 + 4.398%, 03/22/30 (b) (c) |
296,000 | 325,381 | ||||||
BHFTI-219
Brighthouse Funds Trust I
JPMorgan Global Active Allocation Portfolio
Consolidated Schedule of Investments as of September 30, 2021 (Unaudited)
Corporate Bonds & Notes—(Continued)
| Security Description | Principal Amount* |
Value | ||||||
| Oil & Gas—(Continued) | ||||||||
| Chevron Corp. |
110,000 | $ | 113,711 | |||||
| Chevron USA, Inc. | ||||||||
| 3.250%, 10/15/29 |
203,000 | 222,214 | ||||||
| 3.850%, 01/15/28 |
1,070,000 | 1,208,147 | ||||||
| 6.000%, 03/01/41 |
160,000 | 232,054 | ||||||
| Cimarex Energy Co. |
130,000 | 142,236 | ||||||
| ConocoPhillips | ||||||||
| 2.400%, 02/15/31 (144A) (b) |
65,000 | 66,100 | ||||||
| 3.750%, 10/01/27 (144A) |
260,000 | 290,378 | ||||||
| 4.300%, 08/15/28 (144A) |
255,000 | 293,634 | ||||||
| Devon Energy Corp. |
165,000 | 179,831 | ||||||
| Diamondback Energy, Inc. | ||||||||
| 3.250%, 12/01/26 |
80,000 | 85,668 | ||||||
| 3.500%, 12/01/29 (b) |
37,000 | 39,569 | ||||||
| 4.750%, 05/31/25 |
386,000 | 431,173 | ||||||
| Eni S.p.A. | ||||||||
| 4.250%, 05/09/29 (144A) |
235,000 | 268,606 | ||||||
| 4.750%, 09/12/28 (144A) |
305,000 | 356,542 | ||||||
| Eni USA, Inc. |
100,000 | 129,771 | ||||||
| Equinor ASA |
90,000 | 92,581 | ||||||
| Exxon Mobil Corp. | ||||||||
| 2.610%, 10/15/30 |
405,000 | 423,964 | ||||||
| 2.995%, 08/16/39 |
355,000 | 367,039 | ||||||
| 3.095%, 08/16/49 |
370,000 | 374,321 | ||||||
| Hess Corp. |
130,000 | 162,429 | ||||||
| HollyFrontier Corp. |
120,000 | 123,893 | ||||||
| 5.875%, 04/01/26 |
56,000 | 64,282 | ||||||
| Lundin Energy Finance B.V. | ||||||||
| 2.000%, 07/15/26 (144A) |
210,000 | 211,267 | ||||||
| 3.100%, 07/15/31 (144A) |
640,000 | 648,925 | ||||||
| Marathon Petroleum Corp. | ||||||||
| 4.500%, 05/01/23 |
210,000 | 221,936 | ||||||
| 4.700%, 05/01/25 |
23,000 | 25,674 | ||||||
| 4.750%, 09/15/44 |
79,000 | 92,398 | ||||||
| Petroleos Mexicanos |
200,000 | 211,222 | ||||||
| Phillips 66 |
300,000 | 292,681 | ||||||
| Pioneer Natural Resources Co. |
370,000 | 354,014 | ||||||
| Santos Finance, Ltd. |
234,000 | 238,297 | ||||||
| Shell International Finance B.V. | ||||||||
| 3.250%, 04/06/50 (b) |
260,000 | 276,578 | ||||||
| 3.750%, 09/12/46 |
201,000 | 228,745 | ||||||
| Suncor Energy, Inc. |
150,000 | 183,756 | ||||||
| TotalEnergies Capital International S.A. | ||||||||
| 2.986%, 06/29/41 |
430,000 | 437,257 | ||||||
| Oil & Gas—(Continued) | ||||||||
| TotalEnergies Capital International S.A. | ||||||||
| 3.127%, 05/29/50 |
278,000 | 279,525 | ||||||
| 3.461%, 07/12/49 |
137,000 | 146,668 | ||||||
| Valero Energy Corp. | ||||||||
| 1.200%, 03/15/24 |
130,000 | 131,453 | ||||||
| 2.150%, 09/15/27 |
310,000 | 312,173 | ||||||
|
|
|
|||||||
| 11,499,942 | ||||||||
|
|
|
|||||||
| Oil & Gas Services—0.0% | ||||||||
| Baker Hughes Holdings LLC / Baker Hughes Co-Obligor, Inc. | ||||||||
| 3.138%, 11/07/29 |
170,000 | 182,574 | ||||||
| 3.337%, 12/15/27 |
252,000 | 275,027 | ||||||
| Baker Hughes Holdings LLC |
25,000 | 31,895 | ||||||
| Halliburton Co. |
6,000 | 6,571 | ||||||
| Schlumberger Holdings Corp. |
109,000 | 120,155 | ||||||
|
|
|
|||||||
| 616,222 | ||||||||
|
|
|
|||||||
| Packaging & Containers—0.0% | ||||||||
| Graphic Packaging International LLC |
115,000 | 114,946 | ||||||
| Packaging Corp. of America |
135,000 | 156,966 | ||||||
|
|
|
|||||||
| 271,912 | ||||||||
|
|
|
|||||||
| Pharmaceuticals—0.6% | ||||||||
| AbbVie, Inc. |
687,000 | 740,250 | ||||||
| 4.050%, 11/21/39 |
400,000 | 459,683 | ||||||
| 4.250%, 11/21/49 |
140,000 | 165,823 | ||||||
| 4.400%, 11/06/42 |
315,000 | 376,293 | ||||||
| 4.450%, 05/14/46 |
430,000 | 518,168 | ||||||
| 4.550%, 03/15/35 |
60,000 | 71,905 | ||||||
| 4.625%, 10/01/42 |
220,000 | 266,153 | ||||||
| 4.750%, 03/15/45 |
60,000 | 74,926 | ||||||
| AstraZeneca plc |
210,000 | 199,840 | ||||||
| 2.125%, 08/06/50 |
280,000 | 241,482 | ||||||
| 4.000%, 09/18/42 |
253,000 | 300,379 | ||||||
| 6.450%, 09/15/37 |
50,000 | 74,085 | ||||||
| Bayer U.S. Finance LLC |
245,000 | 277,382 | ||||||
| Becton Dickinson and Co. |
160,000 | 155,601 | ||||||
| Bristol-Myers Squibb Co. |
240,000 | 228,365 | ||||||
| 2.550%, 11/13/50 |
440,000 | 413,139 | ||||||
| 3.400%, 07/26/29 |
535,000 | 592,957 | ||||||
| 4.125%, 06/15/39 |
105,000 | 126,105 | ||||||
| 5.000%, 08/15/45 |
152,000 | 204,349 | ||||||
| Cigna Corp. |
185,000 | 188,069 | ||||||
| 4.375%, 10/15/28 |
1,157,000 | 1,337,046 | ||||||
BHFTI-220
Brighthouse Funds Trust I
JPMorgan Global Active Allocation Portfolio
Consolidated Schedule of Investments as of September 30, 2021 (Unaudited)
Corporate Bonds & Notes—(Continued)
| Security Description | Principal Amount* |
Value | ||||||
| Pharmaceuticals—(Continued) | ||||||||
| CVS Health Corp. |
220,000 | $ | 210,873 | |||||
| 2.700%, 08/21/40 |
640,000 | 610,714 | ||||||
| 4.300%, 03/25/28 |
140,000 | 159,692 | ||||||
| 5.050%, 03/25/48 |
175,000 | 225,260 | ||||||
| 5.300%, 12/05/43 |
200,000 | 262,514 | ||||||
| CVS Pass-Through Trust |
301,693 | 349,304 | ||||||
| 8.353%, 07/10/31 (144A) |
131,384 | 170,918 | ||||||
| Eli Lilly and Co. |
450,000 | 406,799 | ||||||
| Johnson & Johnson |
80,000 | 73,968 | ||||||
| 3.400%, 01/15/38 |
223,000 | 250,448 | ||||||
| Merck & Co., Inc. |
65,000 | 61,871 | ||||||
| Novartis Capital Corp. |
115,000 | 115,731 | ||||||
| Pfizer, Inc. |
230,000 | 226,242 | ||||||
| Shire Acquisitions Investments Ireland DAC |
398,000 | 429,309 | ||||||
| Takeda Pharmaceutical Co., Ltd. |
945,000 | 959,460 | ||||||
| 3.175%, 07/09/50 |
200,000 | 202,675 | ||||||
| 5.000%, 11/26/28 |
200,000 | 238,942 | ||||||
| Zoetis, Inc. |
140,000 | 138,703 | ||||||
| 3.900%, 08/20/28 |
210,000 | 235,980 | ||||||
|
|
|
|||||||
| 12,341,403 | ||||||||
|
|
|
|||||||
| Pipelines—0.5% | ||||||||
| Boardwalk Pipelines L.P. |
34,000 | 38,321 | ||||||
| 4.800%, 05/03/29 |
65,000 | 74,419 | ||||||
| Cameron LNG LLC |
163,000 | 180,355 | ||||||
| Cheniere Corpus Christi Holdings LLC |
110,000 | 108,961 | ||||||
| 3.700%, 11/15/29 |
80,000 | 86,816 | ||||||
| 5.125%, 06/30/27 |
700,000 | 809,275 | ||||||
| Enable Midstream Partners L.P. |
340,000 | 368,531 | ||||||
| 4.400%, 03/15/27 |
70,000 | 77,549 | ||||||
| 4.950%, 05/15/28 |
80,000 | 89,866 | ||||||
| Enbridge, Inc. |
140,000 | 140,542 | ||||||
| 3.125%, 11/15/29 |
230,000 | 245,312 | ||||||
| Energy Transfer L.P. | ||||||||
| 4.200%, 04/15/27 |
17,000 | 18,799 | ||||||
| 4.750%, 01/15/26 |
150,000 | 167,646 | ||||||
| 4.950%, 01/15/43 |
150,000 | 163,838 | ||||||
| 5.150%, 02/01/43 |
566,000 | 632,878 | ||||||
| 5.250%, 04/15/29 |
5,000 | 5,861 | ||||||
| Pipelines—(Continued) | ||||||||
| Energy Transfer L.P. | ||||||||
| 5.500%, 06/01/27 |
36,000 | 42,240 | ||||||
| 5.800%, 06/15/38 |
35,000 | 42,814 | ||||||
| 5.950%, 10/01/43 |
90,000 | 109,752 | ||||||
| 6.050%, 06/01/41 |
55,000 | 68,234 | ||||||
| 6.250%, 04/15/49 (b) |
70,000 | 91,981 | ||||||
| Enterprise Products Operating LLC |
285,000 | 322,809 | ||||||
| 4.950%, 10/15/54 |
33,000 | 41,525 | ||||||
| Flex Intermediate Holdco LLC |
385,000 | 390,541 | ||||||
| 4.317%, 12/30/39 (144A) |
60,000 | 62,013 | ||||||
| Gray Oak Pipeline LLC |
110,000 | 112,105 | ||||||
| 3.450%, 10/15/27 (144A) |
220,000 | 231,897 | ||||||
| Kinder Morgan Energy Partners L.P. |
170,000 | 200,247 | ||||||
| Kinder Morgan, Inc. |
80,000 | 96,735 | ||||||
| 5.300%, 12/01/34 |
305,000 | 376,422 | ||||||
| MPLX L.P. |
431,000 | 481,141 | ||||||
| Northern Natural Gas Co. |
100,000 | 101,857 | ||||||
| ONEOK Partners L.P. |
70,000 | 74,900 | ||||||
| 6.650%, 10/01/36 |
140,000 | 187,841 | ||||||
| Phillips 66 Partners L.P. |
40,000 | 41,806 | ||||||
| 4.900%, 10/01/46 |
80,000 | 94,966 | ||||||
| Plains All American Pipeline L.P. / PAA Finance Corp. |
245,000 | 257,757 | ||||||
| 3.850%, 10/15/23 |
113,000 | 118,806 | ||||||
| 4.500%, 12/15/26 |
160,000 | 178,752 | ||||||
| 4.650%, 10/15/25 |
225,000 | 249,341 | ||||||
| 4.700%, 06/15/44 |
120,000 | 128,784 | ||||||
| 5.150%, 06/01/42 |
95,000 | 106,656 | ||||||
| Sabine Pass Liquefaction LLC |
790,000 | 882,033 | ||||||
| 4.500%, 05/15/30 |
200,000 | 230,522 | ||||||
| 5.000%, 03/15/27 |
165,000 | 189,686 | ||||||
| Southern Natural Gas Co. LLC |
102,000 | 124,276 | ||||||
| 8.000%, 03/01/32 |
70,000 | 99,042 | ||||||
| Texas Eastern Transmission L.P. |
45,000 | 48,675 | ||||||
| TransCanada PipeLines, Ltd. |
355,000 | 418,166 | ||||||
| Transcanada Trust |
298,000 | 328,545 | ||||||
| Williams Cos., Inc. (The) |
127,000 | 151,995 | ||||||
| 5.400%, 03/04/44 |
235,000 | 295,782 | ||||||
|
|
|
|||||||
| 10,189,613 | ||||||||
|
|
|
|||||||
BHFTI-221
Brighthouse Funds Trust I
JPMorgan Global Active Allocation Portfolio
Consolidated Schedule of Investments as of September 30, 2021 (Unaudited)
Corporate Bonds & Notes—(Continued)
| Security Description | Principal Amount* |
Value | ||||||
| Real Estate—0.0% | ||||||||
| Ontario Teachers’ Cadillac Fairview Properties Trust |
243,000 | 268,314 | ||||||
| Real Estate Investment Trusts—0.5% | ||||||||
| Alexandria Real Estate Equities, Inc. |
23,000 | 25,356 | ||||||
| 4.000%, 02/01/50 |
111,000 | 128,490 | ||||||
| American Campus Communities Operating Partnership L.P. |
150,000 | 163,763 | ||||||
| American Tower Corp. |
150,000 | 145,298 | ||||||
| 1.875%, 10/15/30 (b) |
130,000 | 124,847 | ||||||
| 2.950%, 01/15/51 |
39,000 | 36,781 | ||||||
| 3.100%, 06/15/50 |
61,000 | 59,711 | ||||||
| 3.125%, 01/15/27 |
501,000 | 533,925 | ||||||
| 3.700%, 10/15/49 |
210,000 | 227,090 | ||||||
| 3.950%, 03/15/29 |
636,000 | 707,056 | ||||||
| American Tower Trust |
160,000 | 170,508 | ||||||
| Boston Properties L.P. |
100,000 | 115,156 | ||||||
| Brixmor Operating Partnership L.P. |
80,000 | 80,682 | ||||||
| 2.500%, 08/16/31 |
45,000 | 44,337 | ||||||
| 3.850%, 02/01/25 |
60,000 | 64,860 | ||||||
| Corporate Office Properties L.P. | ||||||||
| 2.000%, 01/15/29 |
60,000 | 58,782 | ||||||
| 2.750%, 04/15/31 |
187,000 | 188,897 | ||||||
| Crown Castle International Corp. | ||||||||
| 2.900%, 04/01/41 |
270,000 | 260,257 | ||||||
| 3.800%, 02/15/28 |
745,000 | 819,260 | ||||||
| 4.450%, 02/15/26 |
100,000 | 111,986 | ||||||
| Equinix, Inc. | ||||||||
| 2.900%, 11/18/26 |
135,000 | 143,166 | ||||||
| ERP Operating L.P. | ||||||||
| 4.150%, 12/01/28 |
120,000 | 136,815 | ||||||
| Essex Portfolio L.P. | ||||||||
| 2.650%, 03/15/32 |
120,000 | 121,264 | ||||||
| 2.650%, 09/01/50 |
160,000 | 142,634 | ||||||
| Goodman U.S. Finance Three LLC | ||||||||
| 3.700%, 03/15/28 (144A) |
680,000 | 735,519 | ||||||
| Healthcare Trust of America Holdings L.P. | ||||||||
| 2.000%, 03/15/31 |
290,000 | 278,037 | ||||||
| 3.100%, 02/15/30 |
200,000 | 210,307 | ||||||
| Healthpeak Properties, Inc. | ||||||||
| 2.875%, 01/15/31 |
200,000 | 208,570 | ||||||
| 3.000%, 01/15/30 |
205,000 | 216,241 | ||||||
| 3.500%, 07/15/29 |
118,000 | 129,122 | ||||||
| Kimco Realty Corp. | ||||||||
| 2.250%, 12/01/31 |
150,000 | 146,535 | ||||||
| Life Storage L.P. | ||||||||
| 2.400%, 10/15/31 |
55,000 | 54,467 | ||||||
| 4.000%, 06/15/29 |
137,000 | 153,467 | ||||||
| National Retail Properties, Inc. | ||||||||
| 3.000%, 04/15/52 |
100,000 | 94,645 | ||||||
| 4.000%, 11/15/25 |
100,000 | 110,594 | ||||||
| Real Estate Investment Trusts—(Continued) | ||||||||
| Office Properties Income Trust | ||||||||
| 2.650%, 06/15/26 |
282,000 | 284,471 | ||||||
| 3.450%, 10/15/31 |
95,000 | 92,932 | ||||||
| 4.000%, 07/15/22 |
140,000 | 143,235 | ||||||
| Prologis L.P. | ||||||||
| 2.125%, 10/15/50 |
150,000 | 128,077 | ||||||
| Realty Income Corp. | ||||||||
| 3.875%, 04/15/25 |
60,000 | 65,725 | ||||||
| Regency Centers L.P. | ||||||||
| 2.950%, 09/15/29 |
730,000 | 765,844 | ||||||
| 3.700%, 06/15/30 |
160,000 | 176,606 | ||||||
| Sabra Health Care L.P. | ||||||||
| 3.200%, 12/01/31 |
90,000 | 88,166 | ||||||
| SITE Centers Corp. | ||||||||
| 4.700%, 06/01/27 |
60,000 | 67,578 | ||||||
| UDR, Inc. | ||||||||
| 3.000%, 08/15/31 |
120,000 | 125,575 | ||||||
| 3.500%, 07/01/27 |
100,000 | 109,376 | ||||||
| Ventas Realty L.P. | ||||||||
| 4.875%, 04/15/49 |
88,000 | 109,982 | ||||||
| 5.700%, 09/30/43 |
220,000 | 292,341 | ||||||
| VEREIT Operating Partnership L.P. | ||||||||
| 3.400%, 01/15/28 |
295,000 | 318,939 | ||||||
| WEA Finance LLC | ||||||||
| 2.875%, 01/15/27 (144A) |
575,000 | 595,716 | ||||||
| Welltower, Inc. | ||||||||
| 2.700%, 02/15/27 |
57,000 | 60,207 | ||||||
| 3.100%, 01/15/30 |
320,000 | 338,352 | ||||||
| WP Carey, Inc. | ||||||||
| 2.250%, 04/01/33 |
135,000 | 128,967 | ||||||
|
|
|
|||||||
| 10,840,514 | ||||||||
|
|
|
|||||||
| Retail—0.2% | ||||||||
| 7-Eleven, Inc. | ||||||||
| 1.300%, 02/10/28 (144A) |
56,000 | 53,834 | ||||||
| 2.500%, 02/10/41 (144A) |
146,000 | 134,127 | ||||||
| 2.800%, 02/10/51 (144A) |
170,000 | 157,121 | ||||||
| Alimentation Couche-Tard, Inc. | ||||||||
| 2.950%, 01/25/30 (144A) (b) |
80,000 | 83,225 | ||||||
| 3.439%, 05/13/41 (144A) (b) |
20,000 | 20,565 | ||||||
| 3.625%, 05/13/51 (144A) |
25,000 | 25,818 | ||||||
| 3.800%, 01/25/50 (144A) |
135,000 | 144,554 | ||||||
| AutoZone, Inc. |
100,000 | 94,987 | ||||||
| Home Depot, Inc. (The) | ||||||||
| 2.375%, 03/15/51 |
235,000 | 212,158 | ||||||
| 2.750%, 09/15/51 |
385,000 | 374,904 | ||||||
| 3.300%, 04/15/40 |
80,000 | 86,679 | ||||||
| Kohl’s Corp. |
162,000 | 166,711 | ||||||
| Lowe’s Cos., Inc. | ||||||||
| 2.800%, 09/15/41 |
220,000 | 214,008 | ||||||
| 3.000%, 10/15/50 |
105,000 | 102,388 | ||||||
| 3.700%, 04/15/46 |
173,000 | 188,973 | ||||||
| McDonald’s Corp. | ||||||||
| 3.625%, 05/01/43 |
257,000 | 283,707 | ||||||
| 3.700%, 02/15/42 |
120,000 | 131,851 | ||||||
BHFTI-222
Brighthouse Funds Trust I
JPMorgan Global Active Allocation Portfolio
Consolidated Schedule of Investments as of September 30, 2021 (Unaudited)
Corporate Bonds & Notes—(Continued)
| Security Description | Principal Amount* |
Value | ||||||
| Retail—(Continued) | ||||||||
| McDonald’s Corp. | ||||||||
| 6.300%, 10/15/37 |
90,000 | $ | 128,810 | |||||
| Nordstrom, Inc. |
121,000 | 122,544 | ||||||
| O’Reilly Automotive, Inc. |
60,000 | 65,741 | ||||||
| Starbucks Corp. | ||||||||
| 2.550%, 11/15/30 |
130,000 | 133,536 | ||||||
| 3.750%, 12/01/47 |
76,000 | 82,711 | ||||||
|
|
|
|||||||
| 3,008,952 | ||||||||
|
|
|
|||||||
| Savings & Loans—0.1% | ||||||||
| Nationwide Building Society | ||||||||
| 4.302%, 3M LIBOR + 1.452%, 03/08/29 (144A) (c) |
265,000 | 298,234 | ||||||
| 4.363%, 3M LIBOR + 1.392%, 08/01/24 (144A) (c) |
780,000 | 830,130 | ||||||
|
|
|
|||||||
| 1,128,364 | ||||||||
|
|
|
|||||||
| Semiconductors—0.3% | ||||||||
| Analog Devices, Inc. | ||||||||
| 2.800%, 10/01/41 |
372,000 | 372,046 | ||||||
| 2.950%, 10/01/51 |
385,000 | 384,867 | ||||||
| 4.500%, 12/05/36 |
113,000 | 132,358 | ||||||
| Broadcom Corp. / Broadcom Cayman Finance, Ltd. |
572,000 | 628,582 | ||||||
| Broadcom, Inc. | ||||||||
| 1.950%, 02/15/28 (144A) |
265,000 | 261,660 | ||||||
| 2.450%, 02/15/31 (144A) |
612,000 | 592,677 | ||||||
| 3.137%, 11/15/35 |
270,000 | 267,851 | ||||||
| 3.187%, 11/15/36 (144A) |
120,000 | 119,651 | ||||||
| 4.150%, 11/15/30 |
133,000 | 147,360 | ||||||
| Intel Corp. |
405,000 | 402,331 | ||||||
| KLA Corp. | ||||||||
| 3.300%, 03/01/50 |
40,000 | 42,085 | ||||||
| 4.100%, 03/15/29 |
325,000 | 369,873 | ||||||
| Microchip Technology, Inc. | ||||||||
| 0.972%, 02/15/24 (144A) |
435,000 | 435,274 | ||||||
| 0.983%, 09/01/24 (144A) |
155,000 | 154,812 | ||||||
| 2.670%, 09/01/23 |
200,000 | 207,359 | ||||||
| NXP B.V. / NXP Funding LLC / NXP USA, Inc. | ||||||||
| 2.500%, 05/11/31 (144A) |
145,000 | 146,350 | ||||||
| 3.250%, 05/11/41 (144A) |
285,000 | 294,355 | ||||||
| 3.400%, 05/01/30 (144A) |
110,000 | 119,400 | ||||||
| Qorvo, Inc. |
145,000 | 158,050 | ||||||
| TSMC Global, Ltd. | ||||||||
| 1.250%, 04/23/26 (144A) |
500,000 | 495,115 | ||||||
| 2.250%, 04/23/31 (144A) |
220,000 | 219,086 | ||||||
| Xilinx, Inc. |
180,000 | 183,647 | ||||||
|
|
|
|||||||
| 6,134,789 | ||||||||
|
|
|
|||||||
| Software—0.3% | ||||||||
| Activision Blizzard, Inc. | ||||||||
| 1.350%, 09/15/30 |
220,000 | 203,895 | ||||||
| Software—(Continued) | ||||||||
| Activision Blizzard, Inc. | ||||||||
| 2.500%, 09/15/50 |
518,000 | 448,516 | ||||||
| Citrix Systems, Inc. |
40,000 | 39,347 | ||||||
| Electronic Arts, Inc. |
150,000 | 145,061 | ||||||
| Fiserv, Inc. | ||||||||
| 3.500%, 07/01/29 |
277,000 | 301,638 | ||||||
| 4.400%, 07/01/49 |
60,000 | 71,841 | ||||||
| Microsoft Corp. | ||||||||
| 2.675%, 06/01/60 |
190,000 | 184,197 | ||||||
| 3.500%, 02/12/35 |
735,000 | 846,330 | ||||||
| Oracle Corp. | ||||||||
| 2.300%, 03/25/28 |
70,000 | 71,573 | ||||||
| 2.800%, 04/01/27 |
335,000 | 354,892 | ||||||
| 2.875%, 03/25/31 |
515,000 | 529,934 | ||||||
| 3.600%, 04/01/40 |
420,000 | 435,545 | ||||||
| 3.600%, 04/01/50 |
245,000 | 245,293 | ||||||
| 3.800%, 11/15/37 |
366,000 | 394,961 | ||||||
| 3.850%, 07/15/36 |
408,000 | 443,265 | ||||||
| 3.900%, 05/15/35 |
222,000 | 244,390 | ||||||
| Roper Technologies, Inc. | ||||||||
| 1.400%, 09/15/27 |
360,000 | 355,513 | ||||||
| 2.000%, 06/30/30 |
180,000 | 176,236 | ||||||
| Salesforce.com, Inc. |
240,000 | 239,398 | ||||||
| VMware, Inc. | ||||||||
| 1.400%, 08/15/26 |
172,000 | 171,226 | ||||||
| 2.200%, 08/15/31 |
195,000 | 190,665 | ||||||
| 3.900%, 08/21/27 |
211,000 | 235,130 | ||||||
| 4.650%, 05/15/27 |
86,000 | 98,751 | ||||||
| 4.700%, 05/15/30 |
142,000 | 167,396 | ||||||
|
|
|
|||||||
| 6,594,993 | ||||||||
|
|
|
|||||||
| Telecommunications—0.6% | ||||||||
| AT&T, Inc. |
||||||||
| 1.650%, 02/01/28 |
50,000 | 49,600 | ||||||
| 2.250%, 02/01/32 |
835,000 | 813,009 | ||||||
| 2.300%, 06/01/27 |
210,000 | 217,345 | ||||||
| 2.550%, 12/01/33 |
85,000 | 83,625 | ||||||
| 2.750%, 06/01/31 (b) |
75,000 | 77,010 | ||||||
| 3.100%, 02/01/43 |
285,000 | 273,243 | ||||||
| 3.500%, 06/01/41 |
115,000 | 118,074 | ||||||
| 3.500%, 09/15/53 |
344,000 | 340,464 | ||||||
| 3.550%, 09/15/55 |
345,000 | 340,220 | ||||||
| 3.650%, 09/15/59 |
295,000 | 294,092 | ||||||
| 4.300%, 12/15/42 |
492,000 | 549,114 | ||||||
| Corning, Inc. | ||||||||
| 3.900%, 11/15/49 |
252,000 | 281,198 | ||||||
| Crown Castle Towers LLC | ||||||||
| 3.663%, 05/15/45 (144A) |
225,000 | 236,590 | ||||||
| NTT Finance Corp. | ||||||||
| 1.162%, 04/03/26 (144A) |
380,000 | 377,823 | ||||||
| Rogers Communications, Inc. | ||||||||
| 3.700%, 11/15/49 |
60,000 | 62,329 | ||||||
| T-Mobile USA, Inc. | ||||||||
| 2.050%, 02/15/28 |
850,000 | 856,800 | ||||||
BHFTI-223
Brighthouse Funds Trust I
JPMorgan Global Active Allocation Portfolio
Consolidated Schedule of Investments as of September 30, 2021 (Unaudited)
Corporate Bonds & Notes—(Continued)
| Security Description | Principal Amount* |
Value | ||||||
| Telecommunications—(Continued) | ||||||||
| T-Mobile USA, Inc. | ||||||||
| 2.250%, 11/15/31 |
47,000 | $ | 46,088 | |||||
| 3.000%, 02/15/41 |
165,000 | 159,643 | ||||||
| 3.750%, 04/15/27 |
815,000 | 897,878 | ||||||
| 3.875%, 04/15/30 |
158,000 | 174,458 | ||||||
| 4.375%, 04/15/40 |
265,000 | 305,324 | ||||||
| Telefonica Emisiones S.A.U. | ||||||||
| 4.665%, 03/06/38 |
720,000 | 837,684 | ||||||
| 4.895%, 03/06/48 |
150,000 | 180,335 | ||||||
| Verizon Communications, Inc. | ||||||||
| 1.680%, 10/30/30 |
220,000 | 209,205 | ||||||
| 1.750%, 01/20/31 |
135,000 | 128,316 | ||||||
| 2.100%, 03/22/28 |
410,000 | 416,187 | ||||||
| 2.355%, 03/15/32 (144A) |
370,000 | 365,909 | ||||||
| 2.550%, 03/21/31 |
90,000 | 91,106 | ||||||
| 2.650%, 11/20/40 |
479,000 | 450,054 | ||||||
| 2.875%, 11/20/50 |
205,000 | 191,090 | ||||||
| 3.400%, 03/22/41 |
285,000 | 297,637 | ||||||
| 3.550%, 03/22/51 |
95,000 | 100,187 | ||||||
| 4.125%, 03/16/27 |
200,000 | 226,978 | ||||||
| 4.272%, 01/15/36 |
1,383,000 | 1,624,628 | ||||||
| 4.329%, 09/21/28 |
454,000 | 521,885 | ||||||
| 4.862%, 08/21/46 |
42,000 | 53,487 | ||||||
| Vodafone Group plc | ||||||||
| 4.250%, 09/17/50 |
170,000 | 195,909 | ||||||
| 6.250%, 11/30/32 |
160,000 | 212,723 | ||||||
|
|
|
|||||||
| 12,657,247 | ||||||||
|
|
|
|||||||
| Toys/Games/Hobbies—0.0% | ||||||||
| Hasbro, Inc. | ||||||||
| 3.900%, 11/19/29 |
149,000 | 164,579 | ||||||
|
|
|
|||||||
| Transportation—0.2% | ||||||||
| Burlington Northern Santa Fe LLC | ||||||||
| 3.550%, 02/15/50 |
69,000 | 77,379 | ||||||
| 3.900%, 08/01/46 |
349,000 | 406,780 | ||||||
| 4.150%, 04/01/45 |
105,000 | 126,499 | ||||||
| Canadian National Railway Co. | ||||||||
| 2.450%, 05/01/50 |
110,000 | 101,079 | ||||||
| Canadian Pacific Railway Co. | ||||||||
| 5.750%, 03/15/33 |
120,000 | 155,631 | ||||||
| CSX Corp. | ||||||||
| 2.500%, 05/15/51 |
195,000 | 177,045 | ||||||
| 3.800%, 11/01/46 |
219,000 | 247,695 | ||||||
| 4.750%, 11/15/48 |
95,000 | 122,644 | ||||||
| 6.150%, 05/01/37 |
60,000 | 84,129 | ||||||
| FedEx Corp. | ||||||||
| 3.250%, 05/15/41 |
145,000 | 147,738 | ||||||
| JB Hunt Transport Services, Inc. | ||||||||
| 3.875%, 03/01/26 |
80,000 | 88,572 | ||||||
| Kansas City Southern | ||||||||
| 3.500%, 05/01/50 |
185,000 | 194,509 | ||||||
| 4.700%, 05/01/48 |
80,000 | 99,170 | ||||||
| Norfolk Southern Corp. | ||||||||
| 3.050%, 05/15/50 |
495,000 | 493,400 | ||||||
| 3.950%, 10/01/42 |
230,000 | 265,428 | ||||||
| Transportation—(Continued) | ||||||||
| Union Pacific Corp. | ||||||||
| 3.550%, 08/15/39 |
345,000 | 383,981 | ||||||
| 3.600%, 09/15/37 |
286,000 | 318,480 | ||||||
| 4.100%, 09/15/67 |
70,000 | 82,376 | ||||||
| 4.375%, 09/10/38 |
50,000 | 59,025 | ||||||
|
|
|
|||||||
| 3,631,560 | ||||||||
|
|
|
|||||||
| Total Corporate Bonds & Notes |
258,203,983 | |||||||
|
|
|
|||||||
| U.S. Treasury & Government Agencies—5.1% |
| |||||||
| Agency Sponsored Mortgage - Backed—2.4% | ||||||||
| Fannie Mae 30 Yr. Pool | ||||||||
| 4.000%, 06/01/46 |
625,759 | 692,625 | ||||||
| 4.000%, 07/01/47 |
804,716 | 871,172 | ||||||
| 4.000%, 11/01/47 |
372,742 | 403,527 | ||||||
| 4.000%, 12/01/47 |
353,593 | 383,847 | ||||||
| 4.000%, 01/01/48 |
509,496 | 562,552 | ||||||
| 4.000%, 09/01/48 |
264,285 | 283,541 | ||||||
| 4.500%, 04/01/39 |
120,585 | 134,026 | ||||||
| 4.500%, 12/01/40 |
166,238 | 185,629 | ||||||
| 4.500%, 05/01/48 |
193,953 | 209,864 | ||||||
| 4.500%, 06/01/48 |
170,959 | 186,041 | ||||||
| 4.500%, 07/01/48 |
40,021 | 43,213 | ||||||
| 4.500%, 11/01/48 |
557,265 | 603,455 | ||||||
| 4.500%, 01/01/49 |
390,652 | 429,690 | ||||||
| 4.500%, 06/01/49 |
254,061 | 277,808 | ||||||
| 5.000%, 07/01/44 |
425,388 | 490,820 | ||||||
| 5.000%, 06/01/48 |
43,211 | 47,432 | ||||||
| 5.000%, 07/01/48 |
193,731 | 215,512 | ||||||
| 5.000%, 08/01/48 |
288,801 | 320,015 | ||||||
| 5.000%, 10/01/48 |
437,994 | 481,611 | ||||||
| 5.000%, 01/01/49 |
404,248 | 453,657 | ||||||
| Fannie Mae Pool | ||||||||
| 1.500%, 01/01/31 |
500,000 | 491,493 | ||||||
| 2.130%, 11/01/28 |
1,250,000 | 1,297,040 | ||||||
| 2.600%, 10/01/31 |
350,000 | 378,577 | ||||||
| 3.230%, 01/01/30 |
471,147 | 513,833 | ||||||
| 3.240%, 01/01/22 |
492,408 | 492,322 | ||||||
| 3.330%, 04/01/35 |
488,254 | 550,125 | ||||||
| 3.570%, 07/01/26 |
985,522 | 1,085,125 | ||||||
| 3.660%, 03/01/27 |
723,378 | 804,441 | ||||||
| 3.740%, 02/01/29 |
800,000 | 915,157 | ||||||
| 3.990%, 02/01/28 |
519,667 | 591,585 | ||||||
| 4.000%, 06/01/49 |
579,675 | 627,180 | ||||||
| 4.500%, 11/01/48 |
1,033,508 | 1,128,777 | ||||||
| Fannie Mae REMICS (CMO) | ||||||||
| 3.500%, 06/25/46 |
256,581 | 262,372 | ||||||
| 3.500%, 05/25/49 |
700,565 | 741,457 | ||||||
| 4.000%, 04/25/42 |
231,977 | 251,052 | ||||||
| 4.000%, 05/25/43 |
248,868 | 255,794 | ||||||
| 5.000%, 04/25/37 |
39,533 | 45,206 | ||||||
| 5.000%, 07/25/39 |
250,000 | 295,473 | ||||||
| 5.000%, 05/25/40 |
65,000 | 78,591 | ||||||
| 6.000%, 01/25/34 |
131,678 | 150,458 | ||||||
BHFTI-224
Brighthouse Funds Trust I
JPMorgan Global Active Allocation Portfolio
Consolidated Schedule of Investments as of September 30, 2021 (Unaudited)
U.S. Treasury & Government Agencies—(Continued)
| Security Description | Principal Amount* |
Value | ||||||
| Agency Sponsored Mortgage - Backed—(Continued) | ||||||||
| Fannie Mae Whole Loan Trust (CMO) | ||||||||
| 5.620%, 11/25/33 |
289,964 | $ | 328,003 | |||||
| Fannie Mae-ACES | ||||||||
| 0.670%, 10/25/30 |
228,205 | 223,420 | ||||||
| 0.750%, 09/25/28 |
477,896 | 467,545 | ||||||
| 1.000%, 11/25/33 |
1,855,716 | 1,831,861 | ||||||
| 1.200%, 10/25/30 |
80,000 | 78,730 | ||||||
| 2.020%, 10/25/30 (c) (d) |
1,398,454 | 149,527 | ||||||
| 2.116%, 11/25/33 (c) (d) |
9,586,156 | 1,280,580 | ||||||
| 2.122%, 07/25/30 (c) (d) |
2,202,269 | 275,998 | ||||||
| Freddie Mac 30 Yr. Gold Pool | ||||||||
| 4.000%, 12/01/47 |
219,074 | 235,314 | ||||||
| 4.500%, 06/01/47 |
560,639 | 612,477 | ||||||
| 5.000%, 12/01/48 |
184,675 | 203,989 | ||||||
| Freddie Mac 30 Yr. Pool | ||||||||
| 3.500%, 10/01/49 |
271,425 | 286,892 | ||||||
| 4.500%, 06/01/48 |
283,533 | 313,730 | ||||||
| Freddie Mac Multifamily Structured Pass-Through Certificates | ||||||||
| 3.600%, 02/25/28 |
1,000,000 | 1,123,504 | ||||||
| 3.850%, 05/25/28 (c) |
585,000 | 669,813 | ||||||
| Freddie Mac REMICS (CMO) | ||||||||
| 2.500%, 01/15/42 |
37,695 | 37,415 | ||||||
| 3.000%, 07/25/49 |
447,819 | 467,924 | ||||||
| 3.500%, 03/15/35 |
600,000 | 666,009 | ||||||
| 4.000%, 07/15/38 |
250,000 | 264,908 | ||||||
| 5.000%, 02/15/40 |
117,000 | 142,711 | ||||||
| 5.000%, 02/15/41 |
426,517 | 490,885 | ||||||
| 5.500%, 03/15/37 |
211,932 | 246,053 | ||||||
| Freddie Mac STACR Trust (CMO) | ||||||||
| 3.500%, 05/25/57 |
549,427 | 583,196 | ||||||
| 3.500%, 06/25/57 |
513,288 | 547,117 | ||||||
| Ginnie Mae I 30 Yr. Pool | ||||||||
| 4.500%, 07/15/39 |
308,019 | 352,332 | ||||||
| Ginnie Mae II 30 Yr. Pool | ||||||||
| 2.500%, 08/20/51 |
528,074 | 545,176 | ||||||
| 4.000%, 10/20/49 |
473,936 | 510,805 | ||||||
| 4.250%, 07/20/47 |
756,563 | 842,631 | ||||||
| 4.250%, 10/20/48 |
1,553,694 | 1,730,435 | ||||||
| 4.500%, 02/20/48 |
2,605,590 | 2,844,630 | ||||||
| 4.500%, 05/20/48 |
94,051 | 100,614 | ||||||
| 4.500%, 06/20/48 |
810,266 | 903,939 | ||||||
| 4.500%, 12/20/48 |
403,252 | 437,031 | ||||||
| 4.500%, 07/20/49 |
502,870 | 540,538 | ||||||
| 4.500%, 09/20/49 |
1,242,675 | 1,354,625 | ||||||
| 5.000%, 07/20/48 |
202,007 | 219,073 | ||||||
| 5.000%, 12/20/48 |
647,902 | 707,452 | ||||||
| 5.000%, 03/20/49 |
975,642 | 1,085,008 | ||||||
| 5.000%, 05/20/49 |
792,272 | 874,842 | ||||||
| Ginnie Mae II ARM Pool |
399,829 | 438,201 | ||||||
| Government National Mortgage Association (CMO) | ||||||||
| 0.697%, 1M LIBOR + 0.610%, 03/20/70 (c) |
618,788 | 628,724 | ||||||
| 2.500%, 05/20/43 |
47,385 | 47,626 | ||||||
| 3.500%, 04/20/49 |
546,259 | 577,271 | ||||||
| 5.500%, 02/20/37 |
104,769 | 116,376 | ||||||
| 5.500%, 04/16/37 |
111,761 | 126,254 | ||||||
| Agency Sponsored Mortgage - Backed—(Continued) | ||||||||
| Government National Mortgage Association (CMO) | ||||||||
| 5.500%, 11/16/39 |
200,000 | 243,373 | ||||||
| 6.000%, 04/17/34 |
61,239 | 68,740 | ||||||
| Uniform Mortgage-Backed Securities 15 Yr. Pool |
140,000 | 144,184 | ||||||
| Uniform Mortgage-Backed Securities 30 Yr. Pool |
2,015,000 | 2,071,815 | ||||||
|
|
|
|||||||
| 47,271,391 | ||||||||
|
|
|
|||||||
| U.S. Treasury—2.7% | ||||||||
| U.S. Treasury Bonds | ||||||||
| 1.125%, 05/15/40 |
1,365,000 | 1,179,819 | ||||||
| 1.250%, 05/15/50 |
820,000 | 670,830 | ||||||
| 1.375%, 08/15/50 |
135,000 | 113,917 | ||||||
| 1.625%, 11/15/50 (b) |
1,530,000 | 1,374,550 | ||||||
| 1.875%, 02/15/41 |
885,000 | 865,641 | ||||||
| 1.875%, 02/15/51 |
2,530,000 | 2,412,592 | ||||||
| 2.000%, 02/15/50 |
307,000 | 301,604 | ||||||
| 2.250%, 05/15/41 |
1,215,000 | 1,263,410 | ||||||
| 2.250%, 08/15/46 |
236,000 | 243,735 | ||||||
| 2.250%, 08/15/49 |
115,000 | 119,205 | ||||||
| 2.375%, 11/15/49 |
570,000 | 606,671 | ||||||
| 2.375%, 05/15/51 |
175,000 | 186,758 | ||||||
| 2.500%, 02/15/45 |
2,810,000 | 3,034,580 | ||||||
| 2.750%, 08/15/42 |
1,600,000 | 1,800,562 | ||||||
| 2.750%, 11/15/42 (b) |
2,080,000 | 2,338,944 | ||||||
| 2.875%, 05/15/43 |
1,000,000 | 1,147,617 | ||||||
| 2.875%, 08/15/45 |
5,000 | 5,765 | ||||||
| 3.000%, 11/15/44 |
79,000 | 92,754 | ||||||
| 3.000%, 02/15/47 |
65,000 | 77,020 | ||||||
| 3.750%, 11/15/43 |
852,000 | 1,114,656 | ||||||
| 3.875%, 08/15/40 |
65,000 | 85,231 | ||||||
| 4.375%, 02/15/38 |
165,000 | 225,850 | ||||||
| 4.375%, 11/15/39 |
320,000 | 443,450 | ||||||
| U.S. Treasury Coupon Strips | ||||||||
| Zero Coupon, 02/15/22 (b) |
7,475,000 | 7,474,165 | ||||||
| Zero Coupon, 11/15/22 (b) |
2,525,000 | 2,521,241 | ||||||
| Zero Coupon, 02/15/32 |
2,375,000 | 1,985,287 | ||||||
| U.S. Treasury Notes | ||||||||
| 0.375%, 01/31/26 |
120,000 | 117,422 | ||||||
| 0.375%, 09/30/27 (b) |
300,000 | 286,266 | ||||||
| 0.500%, 02/28/26 (b) |
1,780,000 | 1,749,963 | ||||||
| 0.625%, 08/15/30 |
250,000 | 232,568 | ||||||
| 0.875%, 06/30/26 |
1,400,000 | 1,395,078 | ||||||
| 0.875%, 11/15/30 (b) |
3,500,000 | 3,321,445 | ||||||
| 1.250%, 03/31/28 (b) |
1,695,000 | 1,695,066 | ||||||
| 1.250%, 06/30/28 |
1,630,000 | 1,626,562 | ||||||
| 1.250%, 08/15/31 (b) |
275,000 | 268,340 | ||||||
| 1.625%, 05/15/31 |
480,000 | 485,625 | ||||||
| 1.750%, 02/28/22 |
1,175,000 | 1,183,262 | ||||||
| 1.750%, 05/15/23 |
7,802,000 | 7,996,136 | ||||||
| 2.125%, 05/31/26 |
2,250,000 | 2,372,695 | ||||||
| 2.250%, 11/15/25 |
210,000 | 222,116 | ||||||
| 2.500%, 02/28/26 |
30,000 | 32,108 | ||||||
|
|
|
|||||||
| 54,670,506 | ||||||||
|
|
|
|||||||
| Total U.S. Treasury & Government Agencies |
101,941,897 | |||||||
|
|
|
|||||||
BHFTI-225
Brighthouse Funds Trust I
JPMorgan Global Active Allocation Portfolio
Consolidated Schedule of Investments as of September 30, 2021 (Unaudited)
Mutual Funds—3.3%
| Security Description | Shares/ Principal Amount* |
Value | ||||||
| Investment Company Securities—3.3% | ||||||||
| iShares J.P. Morgan USD Emerging Markets Bond ETF (b) |
601,916 | $ | 66,246,875 | |||||
|
|
|
|||||||
| Convertible Preferred Stocks—1.8% |
| |||||||
| Banks—0.2% | ||||||||
| Bank of America Corp. |
2,791 | 4,025,794 | ||||||
|
|
|
|||||||
| Capital Markets—0.3% | ||||||||
| KKR & Co., Inc. |
65,956 | 5,211,184 | ||||||
|
|
|
|||||||
| Diversified Financial Services—0.2% | ||||||||
| AMG Capital Trust II |
75,767 | 4,508,136 | ||||||
|
|
|
|||||||
| Healthcare-Products—0.7% | ||||||||
| Danaher Corp. |
8,716 | 14,140,577 | ||||||
|
|
|
|||||||
| Machinery—0.4% | ||||||||
| Stanley Black & Decker, Inc. |
81,463 | 8,573,166 | ||||||
|
|
|
|||||||
| Total Convertible Preferred Stocks |
36,458,857 | |||||||
|
|
|
|||||||
| Asset-Backed Securities—1.0% |
| |||||||
| Asset-Backed - Automobile—0.3% | ||||||||
| Avis Budget Rental Car Funding AESOP LLC |
500,000 | 535,808 | ||||||
| Carmax Auto Owner Trust |
68,550 | 69,293 | ||||||
| Credit Acceptance Auto Loan Trust |
535,000 | 547,392 | ||||||
| Drive Auto Receivables Trust | ||||||||
| 3.780%, 04/15/25 |
178,725 | 179,734 | ||||||
| 3.810%, 05/15/24 |
63,770 | 64,287 | ||||||
| 3.990%, 01/15/25 |
95,822 | 96,606 | ||||||
| 4.090%, 01/15/26 |
210,817 | 215,570 | ||||||
| 4.090%, 06/15/26 |
125,000 | 128,718 | ||||||
| DT Auto Owner Trust | ||||||||
| 0.870%, 05/17/27 (144A) |
266,000 | 265,364 | ||||||
| 2.730%, 07/15/25 (144A) |
533,000 | 540,717 | ||||||
| 3.610%, 11/15/24 (144A) |
290,349 | 291,860 | ||||||
| Exeter Automobile Receivables Trust |
530,000 | 545,975 | ||||||
| Flagship Credit Auto Trust | ||||||||
| 3.790%, 12/16/24 (144A) |
203,000 | 206,314 | ||||||
| 4.080%, 02/18/25 (144A) |
625,000 | 651,241 | ||||||
| 4.110%, 10/15/24 (144A) |
500,000 | 510,728 | ||||||
| Ford Credit Auto Owner Trust |
56,086 | 56,378 | ||||||
| Asset-Backed - Automobile—(Continued) | ||||||||
| Sonoran Auto Receivables Trust |
308,664 | 308,664 | ||||||
| Tricolor Auto Securitization Trust |
232,192 | 234,250 | ||||||
| U.S. Auto Funding LLC |
131,732 | 132,245 | ||||||
|
|
|
|||||||
| 5,581,144 | ||||||||
|
|
|
|||||||
| Asset-Backed - Credit Card—0.0% | ||||||||
| World Financial Network Credit Card Master Trust |
375,000 | 379,129 | ||||||
|
|
|
|||||||
| Asset-Backed - Other—0.7% | ||||||||
| American Homes 4 Rent Trust | ||||||||
| 3.786%, 10/17/36 (144A) |
180,262 | 190,312 | ||||||
| 4.691%, 10/17/52 (144A) |
100,000 | 108,273 | ||||||
| 4.705%, 10/17/36 (144A) |
100,000 | 106,533 | ||||||
| AMSR Trust |
700,000 | 706,070 | ||||||
| Business Jet Securities LLC | ||||||||
| 2.162%, 04/15/36 (144A) |
207,884 | 208,801 | ||||||
| 2.981%, 11/15/35 (144A) |
220,045 | 222,897 | ||||||
| BXG Receivables Note Trust |
393,663 | 410,845 | ||||||
| Cars Net Lease Mortgage Notes |
129,513 | 132,806 | ||||||
| CoreVest American Finance Trust | ||||||||
| 2.705%, 10/15/52 (144A) |
464,770 | 483,989 | ||||||
| 3.163%, 10/15/52 (144A) |
650,000 | 685,500 | ||||||
| 3.880%, 03/15/52 (144A) |
320,000 | 347,076 | ||||||
| Diamond Resorts Owner Trust | ||||||||
| 3.530%, 02/20/32 (144A) |
408,356 | 419,379 | ||||||
| 4.190%, 01/21/31 (144A) |
91,428 | 94,669 | ||||||
| FirstKey Homes Trust |
650,000 | 658,832 | ||||||
| Foundation Finance Trust |
110,610 | 113,841 | ||||||
| Legacy Mortgage Asset Trust |
668,090 | 670,823 | ||||||
| Lendmark Funding Trust | ||||||||
| 3.900%, 12/20/27 (144A) |
600,000 | 613,148 | ||||||
| 4.230%, 04/20/27 (144A) |
709,000 | 710,418 | ||||||
| 4.480%, 04/20/27 (144A) |
500,000 | 501,042 | ||||||
| LP LMS Asset Securitization Trust |
550,000 | 550,226 | ||||||
| NRZ Excess Spread-Collateralized Notes |
385,257 | 389,340 | ||||||
| Octane Receivables Trust |
138,591 | 139,472 | ||||||
| Orange Lake Timeshare Trust |
462,659 | 476,131 | ||||||
| Pretium Mortgage Credit Partners LLC |
474,703 | 474,799 | ||||||
| Progress Residential Trust |
850,000 | 857,975 | ||||||
BHFTI-226
Brighthouse Funds Trust I
JPMorgan Global Active Allocation Portfolio
Consolidated Schedule of Investments as of September 30, 2021 (Unaudited)
Asset-Backed Securities—(Continued)
| Security Description | Principal Amount* |
Value | ||||||
| Asset-Backed - Other—(Continued) | ||||||||
| Regional Management Issuance Trust |
760,000 | $ | 770,925 | |||||
| Republic Finance Issuance Trust |
880,000 | 887,483 | ||||||
| Sierra Timeshare Receivables Funding LLC |
380,224 | 386,175 | ||||||
| 3.120%, 05/20/36 (144A) |
208,792 | 213,290 | ||||||
| Theorem Funding Trust |
581,144 | 581,530 | ||||||
| Tricon American Homes Trust |
197,720 | 197,596 | ||||||
| 3.198%, 03/17/38 (144A) |
525,000 | 539,480 | ||||||
| Verizon Owner Trust |
23,568 | 23,656 | ||||||
| VM DEBT LLC |
500,000 | 500,000 | ||||||
| VOLT CI LLC |
253,149 | 253,462 | ||||||
| VOLT LLC |
325,086 | 325,132 | ||||||
|
|
|
|||||||
| 14,951,926 | ||||||||
|
|
|
|||||||
| Total Asset-Backed Securities |
20,912,199 | |||||||
|
|
|
|||||||
| Mortgage-Backed Securities—0.7% |
| |||||||
| Collateralized Mortgage Obligations—0.4% | ||||||||
| BVRT Financing Trust |
387,614 | 387,614 | ||||||
| FMC GMSR Issuer Trust |
400,000 | 398,955 | ||||||
| 3.690%, 02/25/24 |
1,065,000 | 1,068,926 | ||||||
| 4.450%, 01/25/26 (144A) (c) |
500,000 | 496,619 | ||||||
| Headlands Residential LLC |
9,981 | 9,999 | ||||||
| LHOME Mortgage Trust |
500,000 | 503,576 | ||||||
| 3.844%, 03/25/24 (144A) |
169,352 | 170,133 | ||||||
| 3.868%, 07/25/24 (144A) |
650,000 | 652,866 | ||||||
| Seasoned Credit Risk Transfer Trust |
844,827 | 885,347 | ||||||
| 3.500%, 07/25/58 |
500,137 | 532,809 | ||||||
| Seasoned Loans Structured Transaction |
1,228,919 | 1,296,472 | ||||||
| Toorak Mortgage Corp. |
430,000 | 432,247 | ||||||
| Towd Point Mortgage Trust |
591,441 | 602,918 | ||||||
| TVC Mortgage Trust |
820,000 | 825,379 | ||||||
|
|
|
|||||||
| 8,263,860 | ||||||||
|
|
|
|||||||
| Commercial Mortgage-Backed Securities—0.3% | ||||||||
| Commercial Mortgage Trust |
650,000 | $ | 673,049 | |||||
| 3.402%, 02/10/37 (144A) |
420,000 | 427,391 | ||||||
| CSMC Trust |
210,000 | 225,254 | ||||||
| FREMF Mortgage Trust |
500,000 | 534,508 | ||||||
| GS Mortgage Securities Trust |
440,000 | 470,587 | ||||||
| MRCD Mortgage Trust |
1,420,000 | 1,458,139 | ||||||
| One Lincon Street Commercial Mortgage |
1,200,000 | 1,313,663 | ||||||
| SBALR Commercial Mortgage Trust |
810,000 | 834,442 | ||||||
| SLG Office Trust |
390,000 | 403,125 | ||||||
|
|
|
|||||||
| 6,340,158 | ||||||||
|
|
|
|||||||
| Total Mortgage-Backed Securities |
14,604,018 | |||||||
|
|
|
|||||||
| Preferred Stock—0.3% |
| |||||||
| Automobiles—0.3% | ||||||||
| Volkswagen AG |
23,205 | 5,198,260 | ||||||
|
|
|
|||||||
| Foreign Government—0.0% |
| |||||||
| Sovereign—0.0% | ||||||||
| Mexico Government International Bond |
200,000 | 204,060 | ||||||
|
|
|
|||||||
| Rights—0.0% |
| |||||||
| Multi-Utilities—0.0% | ||||||||
| Veolia Environnement S.A., Expires 10/01/21 (a) |
53,504 | 43,906 | ||||||
|
|
|
|||||||
| Short-Term Investments—14.8% | ||||||||
| Mutual Funds—0.0% | ||||||||
| State Street U.S. Treasury Liquidity Fund 0.005% (l) |
25,200 | 25,200 | ||||||
|
|
|
|||||||
| Repurchase Agreement—12.8% | ||||||||
| Fixed Income Clearing Corp. |
257,947,993 | 257,947,993 | ||||||
|
|
|
|||||||
BHFTI-227
Brighthouse Funds Trust I
JPMorgan Global Active Allocation Portfolio
Consolidated Schedule of Investments as of September 30, 2021 (Unaudited)
Short-Term Investments—(Continued)
| Security Description | Principal Amount* |
Value | ||||||
| U.S. Treasury—2.0% | ||||||||
| U.S. Treasury Bills | ||||||||
| Zero Coupon, 10/07/21 (i) (j) |
40,000,000 | $ | 39,999,750 | |||||
| Zero Coupon, 02/10/22 (i) |
349,000 | 348,942 | ||||||
|
|
|
|||||||
| 40,348,692 | ||||||||
|
|
|
|||||||
| Total Short-Term Investments |
298,321,885 | |||||||
|
|
|
|||||||
| Securities Lending Reinvestments (k)—5.4% |
| |||||||
| Certificates of Deposit—0.8% | ||||||||
| Barclays Bank plc |
3,000,000 | 3,001,731 | ||||||
| Goldman Sachs Bank USA |
4,000,000 | 4,000,280 | ||||||
| Mitsubishi UFJ Trust and Banking Corp. (London) | ||||||||
| Zero Coupon, 11/15/21 |
1,000,000 | 999,840 | ||||||
| MUFG Bank Ltd. |
2,000,000 | 2,000,056 | ||||||
| Oversea-Chinese Banking Corp., Ltd. |
2,000,000 | 2,000,108 | ||||||
| Royal Bank of Canada New York |
1,000,000 | 1,000,011 | ||||||
| Standard Chartered Bank (NY) |
2,000,000 | 2,000,000 | ||||||
| Sumitomo Mitsui Banking Corp. |
2,000,000 | 2,000,048 | ||||||
|
|
|
|||||||
| 17,002,074 | ||||||||
|
|
|
|||||||
| Commercial Paper—0.1% | ||||||||
| Bedford Row Funding Corp. |
1,000,000 | 1,000,061 | ||||||
| UBS AG |
1,000,000 | 999,073 | ||||||
|
|
|
|||||||
| 1,999,134 | ||||||||
|
|
|
|||||||
| Repurchase Agreements—2.6% | ||||||||
| Barclays Bank plc |
1,000,000 | 1,000,000 | ||||||
| Barclays Capital, Inc. |
15,761,993 | 15,761,993 | ||||||
| BofA Securities, Inc. |
2,000,000 | 2,000,000 | ||||||
| Repurchase Agreements—(Continued) | ||||||||
| Cantor Fitzgerald & Co. |
2,000,000 | 2,000,000 | ||||||
| Citigroup Global Markets, Inc. | ||||||||
| Repurchase Agreement dated 09/30/21 at 0.420%, due on 11/04/21 with a maturity value of $2,000,817; collateralized by U.S. Treasury Obligations with rates ranging from 1.000% - 4.500%, maturity dates ranging from 05/15/27 - 05/15/40, and various Common Stock with an aggregate market value of $2,173,346. |
2,000,000 | 2,000,000 | ||||||
| Repurchase Agreement dated 09/30/21 at 0.420%, due on 11/04/21 with a maturity value of $500,204; collateralized by various Common Stock with an aggregate market value of $550,000. |
500,000 | 500,000 | ||||||
| Deutsche Bank AG, London |
1,000,000 | 1,000,000 | ||||||
| National Bank of Canada |
8,000,000 | 8,000,000 | ||||||
| NBC Global Finance, Ltd. | ||||||||
| Repurchase Agreement dated 09/30/21 at 0.235%, due on 10/07/21 with a maturity value of $900,041; collateralized by U.S. Treasury Obligations with rates ranging from 0.095% - 2.250%, maturity dates ranging from 07/31/22 - 11/15/27, and various Common Stock with an aggregate market value of $999,028. |
900,000 | 900,000 | ||||||
| Repurchase Agreement dated 09/30/21 at 0.250%, due on 10/07/21 with a maturity value of $1,000,049; collateralized by U.S. Treasury Obligations with rates ranging from 0.095% - 2.000%, maturity dates ranging from 07/31/22 - 02/15/50, and various Common Stock with an aggregate market value of $1,110,618. |
1,000,000 | 1,000,000 | ||||||
| Societe Generale | ||||||||
| Repurchase Agreement dated 09/30/21 at 0.050%, due on 10/01/21 with a maturity value of $5,000,007; collateralized by U.S. Treasury Obligations with rates ranging from 0.000% - 6.750%, maturity dates ranging from 10/21/21 - 02/15/49, and an aggregate market value of $5,100,255. |
5,000,000 | 5,000,000 | ||||||
| Repurchase Agreement dated 09/30/21 at 0.170%, due on 10/01/21 with a maturity value of $10,000,047; collateralized by various Common Stock with an aggregate market value of $11,111,331. |
10,000,000 | 10,000,000 | ||||||
BHFTI-228
Brighthouse Funds Trust I
JPMorgan Global Active Allocation Portfolio
Consolidated Schedule of Investments as of September 30, 2021 (Unaudited)
Securities Lending Reinvestments (k)—(Continued)
| Security Description | Shares/ |
Value | ||||||
| Repurchase Agreements—(Continued) | ||||||||
| Societe Generale | ||||||||
| Repurchase Agreement dated 09/30/21 at 0.200%, due on 10/07/21 with a maturity value of $3,739,983; collateralized by various Common Stock with an aggregate market value of $4,155,457. |
3,739,837 | $ | 3,739,837 | |||||
|
|
|
|||||||
| 52,901,830 | ||||||||
|
|
|
|||||||
| Time Deposits—0.6% | ||||||||
| ABN AMRO Bank NV |
2,000,000 | 2,000,000 | ||||||
| First Abu Dhabi Bank USA NV |
2,000,000 | 2,000,000 | ||||||
| Landesbank Baden-Wuettertemberg (London) |
900,000 | 900,000 | ||||||
| National Bank of Canada |
5,000,000 | 5,000,000 | ||||||
| Skandi New York |
2,000,000 | 2,000,000 | ||||||
|
|
|
|||||||
| 11,900,000 | ||||||||
|
|
|
|||||||
| Mutual Funds—1.3% | ||||||||
| Goldman Sachs Financial Square Government Fund, Institutional Shares 0.030% (l) |
15,000,000 | 15,000,000 | ||||||
| Morgan Stanley Liquidity Funds Government Portfolio, Institutional Shares 0.030% (l) |
5,000,000 | 5,000,000 | ||||||
| SSgA Institutional U.S. Government Money Market Fund, Premier Class 0.030% (l) |
7,000,000 | 7,000,000 | ||||||
|
|
|
|||||||
| 27,000,000 | ||||||||
|
|
|
|||||||
| Total Securities Lending Reinvestments |
110,803,038 | |||||||
|
|
|
|||||||
| Total Investments— 103.6% |
2,089,076,716 | |||||||
| Other assets and liabilities (net)—(3.6)% |
(73,185,302 | ) | ||||||
|
|
|
|||||||
| Net Assets—100.0% | $ | 2,015,891,414 | ||||||
|
|
|
|||||||
| * | Principal amount stated in U.S. dollars unless otherwise noted. | |
| † | Restricted securities are not registered under the Securities Act of 1933 and are subject to legal restrictions on resale. These securities generally may be resold in transactions exempt from registration or to the public if the securities are subsequently registered. Disposal of these securities may involve time-consuming negotiations and prompt sale at an acceptable price may be difficult. As of September 30, 2021, the market value of restricted securities was $876,308, which is 0.0% of net assets. See details shown in the Restricted Securities table that follows. | |
| (a) | Non-income producing security. | |
| (b) | All or a portion of the security was held on loan. As of September 30, 2021, the market value of securities loaned was $110,471,020 and the collateral received consisted of cash in the amount of $110,799,599 and non-cash collateral with a value of $10,311,309. The cash collateral investments are disclosed in the Consolidated Schedule of Investments and categorized as Securities Lending Reinvestments. The non-cash collateral received consists of U.S. government and agency securities that are held in safe-keeping by the lending agent, or a third-party custodian, and cannot be sold or repledged by the Portfolio. | |
| (c) | Variable or floating rate security. The stated rate represents the rate at September 30, 2021. Maturity date shown for callable securities reflects the earliest possible call date. For securities based on a published reference index and spread, the index and spread are indicated in the description above. For certain variable rate securities, the coupon rate is determined by the issuer/agent based on current market conditions. For certain asset- and mortgage-backed securities, the coupon rate may fluctuate based on changes of the underlying collateral or prepayments of principal. These securities do not indicate a reference index and spread in their description above. | |
| (d) | Interest only security. | |
| (e) | TBA (To Be Announced) Securities are purchased on a forward commitment basis with an approximate principal amount and no defined maturity date. The actual principal and maturity date will be determined upon settlement date. | |
| (f) | Security is a “step-up” bond where coupon increases or steps up at a predetermined date. Rate shown is current coupon rate. | |
| (g) | Significant unobservable inputs were used in the valuation of this portfolio security; i.e. Level 3. | |
| (h) | Security was valued in good faith under procedures approved by the Board of Trustees. As of September 30, 2021, these securities represent less than 0.05% of net assets. | |
| (i) | The rate shown represents current yield to maturity. | |
| (j) | All or a portion of the security was pledged as collateral against open centrally cleared swap contracts. As of September 30, 2021, the market value of securities pledged was $26,307,036. | |
| (k) | Represents investment of cash collateral received from securities on loan as of September 30, 2021. | |
| (l) | The rate shown represents the annualized seven-day yield as of September 30, 2021. | |
| (144A)— | Securities exempt from registration under Rule 144A of the Securities Act of 1933. These securities may be resold in transactions exempt from registration, normally to qualified institutional buyers. As of September 30, 2021, the market value of 144A securities was $91,204,199, which is 4.5% of net assets. |
| Restricted Securities |
Acquisition Date |
Principal Amount |
Cost | Value | ||||||||||||
| BVRT Financing Trust, 3.152%, 11/10/22 |
12/02/20 | $ | 387,614 | $ | 387,614 | $ | 387,614 | |||||||||
| Intesa Sanpaolo S.p.A., 4.700%, 09/23/49 |
06/17/21 | 210,000 | 244,152 | 247,770 | ||||||||||||
| Massachusetts Mutual Life Insurance Co., 5.077%, 02/15/69 |
02/28/19 | 195,000 | 195,000 | 240,924 | ||||||||||||
|
|
|
|||||||||||||||
| $ | 876,308 | |||||||||||||||
|
|
|
|||||||||||||||
Forward Foreign Currency Exchange Contracts
| Contracts to Buy |
Counterparty |
Settlement Date |
In Exchange for |
Unrealized Appreciation/ (Depreciation) |
||||||||||||||||||
| EUR | 1,572,510 | CBNA |
10/29/21 | USD | 1,868,653 | $ | (46,284 | ) | ||||||||||||||
| EUR | 2,088,799 | CBNA |
10/29/21 | USD | 2,473,740 | (53,049 | ) | |||||||||||||||
| EUR | 2,695,696 | CBNA |
10/29/21 | USD | 3,198,606 | (74,588 | ) | |||||||||||||||
| EUR | 1,546,146 | RBC |
10/29/21 | USD | 1,834,018 | (42,203 | ) | |||||||||||||||
| EUR | 1,399,994 | SSBT |
10/29/21 | USD | 1,641,745 | (19,305 | ) | |||||||||||||||
| EUR | 1,838,222 | SSBT |
10/29/21 | USD | 2,160,059 | (29,760 | ) | |||||||||||||||
| EUR | 3,159,452 | SSBT |
10/29/21 | USD | 3,684,563 | (23,102 | ) | |||||||||||||||
BHFTI-229
Brighthouse Funds Trust I
JPMorgan Global Active Allocation Portfolio
Consolidated Schedule of Investments as of September 30, 2021 (Unaudited)
Forward Foreign Currency Exchange Contracts—(Continued)
| Contracts to Buy |
Counterparty |
Settlement Date |
In Exchange for |
Unrealized Appreciation/ (Depreciation) |
||||||||||||||||||
| EUR | 3,344,198 | TDB |
10/29/21 | USD | 3,938,342 | $ | (62,781 | ) | ||||||||||||||
| CHF | 23,183,707 | CBNA |
10/29/21 | USD | 25,317,739 | 426,168 | ||||||||||||||||
| EUR | 4,067,161 | RBC |
10/29/21 | USD | 4,816,401 | 103,004 | ||||||||||||||||
| EUR | 136,574,294 | TDB |
10/29/21 | USD | 161,404,047 | 3,129,310 | ||||||||||||||||
| EUR | 1,952,981 | TDB |
10/29/21 | USD | 2,294,259 | 30,966 | ||||||||||||||||
| EUR | 1,884,914 | TDB |
10/29/21 | USD | 2,230,692 | 46,282 | ||||||||||||||||
| JPY | 2,510,106,803 | SSBT |
10/29/21 | USD | 22,776,984 | 219,608 | ||||||||||||||||
| JPY | 275,335,642 | SSBT |
10/29/21 | USD | 2,506,788 | 32,452 | ||||||||||||||||
|
|
|
|||||||||||||||||||||
| Net Unrealized Appreciation |
|
$ | 3,636,718 | |||||||||||||||||||
|
|
|
|||||||||||||||||||||
Futures Contracts
| Futures Contracts—Long |
Expiration Date |
Number of Contracts |
Notional Value | Value/ Unrealized Appreciation/ (Depreciation) |
||||||||||||||||
| Euro STOXX 50 Index Futures |
12/17/21 | 871 | EUR | 35,258,080 | $ | (601,600 | ) | |||||||||||||
| FTSE 100 Index Futures |
12/17/21 | 110 | GBP | 7,780,850 | (71,142 | ) | ||||||||||||||
| MSCI EAFE Index Mini Futures |
12/17/21 | 800 | USD | 90,680,000 | (717,371 | ) | ||||||||||||||
| Russell 2000 Index E-Mini Futures |
12/17/21 | 107 | USD | 11,774,280 | (240,967 | ) | ||||||||||||||
| S&P 500 Index E-Mini Futures |
12/17/21 | 474 | USD | 101,856,675 | (4,179,990 | ) | ||||||||||||||
| TOPIX Index Futures |
12/09/21 | 114 | JPY | 2,314,770,000 | 65,843 | |||||||||||||||
| U.S. Treasury Note 10 Year Futures |
12/21/21 | 13 | USD | 1,710,922 | (23,590 | ) | ||||||||||||||
| U.S. Treasury Note 2 Year Futures |
12/31/21 | 48 | USD | 10,562,625 | (7,953 | ) | ||||||||||||||
| U.S. Treasury Ultra Long Bond Futures |
12/21/21 | 57 | USD | 10,890,563 | (274,304 | ) | ||||||||||||||
| Futures Contracts—Short |
||||||||||||||||||||
| U.S. Treasury Long Bond Futures |
12/21/21 | (292 | ) | USD | (46,491,875 | ) | 984,226 | |||||||||||||
| U.S. Treasury Note 10 Year Futures |
12/21/21 | (935 | ) | USD | (123,054,766 | ) | 1,677,984 | |||||||||||||
| U.S. Treasury Note 5 Year Futures |
12/31/21 | (61 | ) | USD | (7,487,273 | ) | 42,666 | |||||||||||||
| U.S. Treasury Note Ultra 10 Year Futures |
12/21/21 | (76 | ) | USD | (11,039,000 | ) | 168,264 | |||||||||||||
| United Kingdom Long Gilt Bond Futures |
12/29/21 | (277 | ) | GBP | (34,666,550 | ) | 1,485,044 | |||||||||||||
|
|
|
|||||||||||||||||||
| Net Unrealized Depreciation |
|
$ | (1,692,890 | ) | ||||||||||||||||
|
|
|
|||||||||||||||||||
Swap Agreements
Centrally Cleared Interest Rate Swaps
| Pay/Receive |
Floating Rate Index |
Payment Frequency |
Fixed Rate |
Payment |
Maturity Date |
Notional Amount |
Market Value |
Upfront Premiums Paid/(Received) |
Unrealized Appreciation/ (Depreciation) |
|||||||||||||||||||||||||
| Pay |
3M LIBOR | Quarterly | 1.491% | Semi-Annually | 06/25/31 | USD | 97,520,000 | $ | (443,882 | ) | $ | 28,842 | $ | (472,724 | ) | |||||||||||||||||||
| Pay |
3M LIBOR | Quarterly | 1.500% | Semi-Annually | 02/28/32 | USD | 104,000,000 | (791,128 | ) | (32,478 | ) | (758,650 | ) | |||||||||||||||||||||
| Pay |
3M LIBOR | Quarterly | 1.505% | Semi-Annually | 06/10/31 | USD | 135,950,000 | (408,353 | ) | (321,596 | ) | (86,757 | ) | |||||||||||||||||||||
| Pay |
3M LIBOR | Quarterly | 1.691% | Semi-Annually | 09/30/31 | USD | 120,820,000 | 1,555,751 | (5,941 | ) | 1,561,692 | |||||||||||||||||||||||
| Pay |
3M LIBOR | Quarterly | 1.695% | Semi-Annually | 09/30/31 | USD | 146,180,000 | 1,937,791 | (3,285 | ) | 1,941,076 | |||||||||||||||||||||||
|
|
|
|
|
|
|
|||||||||||||||||||||||||||||
| Totals |
|
$ | 1,850,179 | $ | (334,458 | ) | $ | 2,184,637 | ||||||||||||||||||||||||||
|
|
|
|
|
|
|
|||||||||||||||||||||||||||||
BHFTI-230
Brighthouse Funds Trust I
JPMorgan Global Active Allocation Portfolio
Consolidated Schedule of Investments as of September 30, 2021 (Unaudited)
Glossary of Abbreviations
Counterparties
| (CBNA)— | Citibank N.A. | |||
| (RBC)— | Royal Bank of Canada | |||
| (SSBT)— | State Street Bank and Trust Co. | |||
| (TDB)— | Toronto Dominion Bank | |||
Currencies
| (CHF)— | Swiss Franc | |||
| (EUR)— | Euro | |||
| (GBP)— | British Pound | |||
| (JPY)— | Japanese Yen | |||
| (USD)— | United States Dollar | |||
Index Abbreviations
| (H15)— | U.S. Treasury Yield Curve Rate T-Note Constant Maturity Index | |||
| (LIBOR)— | London Interbank Offered Rate | |||
| (OBFR)— | U.S. Overnight Bank Funding Rate | |||
| (SOFR)— | Secured Overnight Financing Rate | |||
Other Abbreviations
| (ARM)— | Adjustable-Rate Mortgage | |||
| (ACES)— | Alternative Credit Enhancement Securities | |||
| (ADR)— | American Depositary Receipt | |||
| (CMO)— | Collateralized Mortgage Obligation | |||
| (ETF)— | Exchange-Traded Fund | |||
| (GDR)— | Global Depositary Receipt | |||
| (REIT)— | Real Estate Investment Trust | |||
| (REMIC)— | Real Estate Mortgage Investment Conduit | |||
| (STACR)— | Structured Agency Credit Risk |
Fair Value Hierarchy
Accounting principles generally accepted in the United States of America (“GAAP”) define fair market value as the price that the Portfolio would receive to sell an asset or pay to transfer a liability in an orderly transaction between market participants at the measurement date. It establishes a fair value hierarchy that prioritizes inputs to valuation methods and requires disclosure of the fair value hierarchy, separately for each major category of assets and liabilities, that segregates fair value measurements into three levels. Levels 1, 2 and 3 of the fair value hierarchy are defined as follows:
Level 1 - unadjusted quoted prices in active markets for identical investments
Level 2 - other significant observable inputs (including, but not limited to, quoted prices for similar assets or liabilities in markets that are either active or inactive; inputs other than quoted prices that are observable such as interest rates, yield curves, volatilities, prepayment speeds, loss severities, credit risks, default rates, or other market corroborated inputs)
Level 3 - significant unobservable inputs based on the best information available in the circumstances, to the extent observable inputs are unavailable (including the Portfolio’s own assumptions used in determining the fair value of investments and derivative financial instruments)
The inputs or methodologies used for valuing investments are not necessarily an indication of the risk associated with investing in them. Changes to the inputs or methodologies used may result in transfers between levels. A reconciliation of Level 3 securities, if any, will be disclosed following the fair value hierarchy table. For more information about the Portfolio’s policy regarding the valuation of investments, please refer to the Notes to Schedule of Investments.
The following table summarizes the fair value hierarchy of the Portfolio’s investments as of September 30, 2021:
| Description | Level 1 | Level 2 | Level 3 | Total | ||||||||||||
| Common Stocks |
| |||||||||||||||
| Aerospace & Defense |
$ | 4,287,142 | $ | 10,728,836 | $ | — | $ | 15,015,978 | ||||||||
| Air Freight & Logistics |
2,967,651 | 1,552,028 | — | 4,519,679 | ||||||||||||
| Airlines |
5,250,638 | — | — | 5,250,638 | ||||||||||||
| Automobiles |
2,524,963 | 6,313,778 | — | 8,838,741 | ||||||||||||
| Banks |
47,685,115 | 25,926,325 | — | 73,611,440 | ||||||||||||
| Beverages |
9,996,842 | 13,239,587 | — | 23,236,429 | ||||||||||||
| Biotechnology |
19,959,559 | — | — | 19,959,559 | ||||||||||||
| Building Products |
10,983,284 | 2,408,993 | — | 13,392,277 | ||||||||||||
| Capital Markets |
14,978,614 | 7,722,331 | — | 22,700,945 | ||||||||||||
| Chemicals |
8,786,280 | 2,091,442 | — | 10,877,722 | ||||||||||||
| Commercial Services & Supplies |
453,753 | — | — | 453,753 | ||||||||||||
| Communications Equipment |
1,700,421 | — | — | 1,700,421 | ||||||||||||
| Construction & Engineering |
462,337 | 7,956,071 | — | 8,418,408 | ||||||||||||
| Construction Materials |
1,396,788 | 1,235,430 | — | 2,632,218 | ||||||||||||
| Consumer Finance |
6,169,182 | — | — | 6,169,182 | ||||||||||||
| Containers & Packaging |
3,222,295 | — | — | 3,222,295 | ||||||||||||
| Diversified Consumer Services |
264,759 | — | — | 264,759 | ||||||||||||
| Diversified Financial Services |
3,965,545 | — | — | 3,965,545 | ||||||||||||
| Diversified Telecommunication Services |
4,822,909 | — | — | 4,822,909 | ||||||||||||
BHFTI-231
Brighthouse Funds Trust I
JPMorgan Global Active Allocation Portfolio
Consolidated Schedule of Investments as of September 30, 2021 (Unaudited)
Fair Value Hierarchy—(Continued)
| Description | Level 1 | Level 2 | Level 3 | Total | ||||||||||||
| Electric Utilities |
$ | 9,968,469 | $ | 5,626,841 | $ | — | $ | 15,595,310 | ||||||||
| Electrical Equipment |
5,731,863 | 8,369,827 | — | 14,101,690 | ||||||||||||
| Electronic Equipment, Instruments & Components |
2,181,365 | 7,136,444 | — | 9,317,809 | ||||||||||||
| Entertainment |
12,625,061 | 178,656 | — | 12,803,717 | ||||||||||||
| Equity Real Estate Investment Trusts |
17,684,973 | — | — | 17,684,973 | ||||||||||||
| Food & Staples Retailing |
2,369,952 | 2,108,004 | — | 4,477,956 | ||||||||||||
| Food Products |
2,600,335 | 6,238,717 | — | 8,839,052 | ||||||||||||
| Health Care Equipment & Supplies |
17,919,685 | 3,644,071 | — | 21,563,756 | ||||||||||||
| Health Care Providers & Services |
13,930,594 | — | — | 13,930,594 | ||||||||||||
| Hotels, Restaurants & Leisure |
16,696,172 | 361,505 | — | 17,057,677 | ||||||||||||
| Household Durables |
2,523,965 | 7,053,346 | — | 9,577,311 | ||||||||||||
| Household Products |
7,710,659 | 804,036 | — | 8,514,695 | ||||||||||||
| Industrial Conglomerates |
1,442,442 | 929,899 | — | 2,372,341 | ||||||||||||
| Insurance |
15,395,147 | 27,545,835 | — | 42,940,982 | ||||||||||||
| Interactive Media & Services |
19,746,554 | 7,190,058 | — | 26,936,612 | ||||||||||||
| Internet & Direct Marketing Retail |
25,720,843 | 4,504,025 | — | 30,224,868 | ||||||||||||
| IT Services |
19,768,235 | 12,100,804 | — | 31,869,039 | ||||||||||||
| Life Sciences Tools & Services |
3,498,162 | 4,978,055 | — | 8,476,217 | ||||||||||||
| Machinery |
18,251,460 | 14,797,283 | — | 33,048,743 | ||||||||||||
| Media |
12,965,582 | — | — | 12,965,582 | ||||||||||||
| Metals & Mining |
302,952 | 7,904,032 | — | 8,206,984 | ||||||||||||
| Multi-Utilities |
1,185,081 | 3,000,269 | — | 4,185,350 | ||||||||||||
| Multiline Retail |
2,239,312 | — | — | 2,239,312 | ||||||||||||
| Oil, Gas & Consumable Fuels |
19,587,287 | 6,724,677 | — | 26,311,964 | ||||||||||||
| Personal Products |
607,218 | 3,837,609 | — | 4,444,827 | ||||||||||||
| Pharmaceuticals |
12,278,440 | 16,747,506 | — | 29,025,946 | ||||||||||||
| Professional Services |
4,719,139 | 5,084,490 | — | 9,803,629 | ||||||||||||
| Real Estate Management & Development |
1,056,356 | — | — | 1,056,356 | ||||||||||||
| Road & Rail |
8,786,919 | — | — | 8,786,919 | ||||||||||||
| Semiconductors & Semiconductor Equipment |
35,392,108 | 13,094,285 | — | 48,486,393 | ||||||||||||
| Software |
27,438,004 | — | — | 27,438,004 | ||||||||||||
| Specialty Retail |
16,476,097 | 3,208,938 | — | 19,685,035 | ||||||||||||
| Technology Hardware, Storage & Peripherals |
19,514,806 | — | — | 19,514,806 | ||||||||||||
| Textiles, Apparel & Luxury Goods |
2,047,501 | 16,947,468 | — | 18,994,969 | ||||||||||||
| Thrifts & Mortgage Finance |
— | 3,955,388 | — | 3,955,388 | ||||||||||||
| Tobacco |
990,650 | 902,596 | — | 1,893,246 | ||||||||||||
| Trading Companies & Distributors |
— | 2,322,626 | — | 2,322,626 | ||||||||||||
| Wireless Telecommunication Services |
3,654,830 | — | — | 3,654,830 | ||||||||||||
| Total Common Stocks |
534,886,295 | 276,472,111 | — | 811,358,406 | ||||||||||||
| Total Convertible Bonds* |
— | 364,779,332 | — | 364,779,332 | ||||||||||||
| Total Corporate Bonds & Notes* |
— | 258,203,983 | — | 258,203,983 | ||||||||||||
| Total U.S. Treasury & Government Agencies* |
— | 101,941,897 | — | 101,941,897 | ||||||||||||
| Total Mutual Funds* |
66,246,875 | — | — | 66,246,875 | ||||||||||||
| Total Convertible Preferred Stocks* |
36,458,857 | — | — | 36,458,857 | ||||||||||||
| Total Asset-Backed Securities* |
— | 20,912,199 | — | 20,912,199 | ||||||||||||
| Mortgage-Backed Securities |
||||||||||||||||
| Collateralized Mortgage Obligations |
— | 7,876,246 | 387,614 | 8,263,860 | ||||||||||||
| Commercial Mortgage-Backed Securities |
— | 6,340,158 | — | 6,340,158 | ||||||||||||
| Total Mortgage-Backed Securities |
— | 14,216,404 | 387,614 | 14,604,018 | ||||||||||||
| Total Preferred Stock* |
— | 5,198,260 | — | 5,198,260 | ||||||||||||
| Total Foreign Government* |
— | 204,060 | — | 204,060 | ||||||||||||
| Total Rights* |
— | 43,906 | — | 43,906 | ||||||||||||
| Short-Term Investments |
| |||||||||||||||
| Mutual Funds |
25,200 | — | — | 25,200 | ||||||||||||
| Repurchase Agreement |
— | 257,947,993 | — | 257,947,993 | ||||||||||||
| U.S. Treasury |
— | 40,348,692 | — | 40,348,692 | ||||||||||||
| Total Short-Term Investments |
25,200 | 298,296,685 | — | 298,321,885 | ||||||||||||
BHFTI-232
Brighthouse Funds Trust I
JPMorgan Global Active Allocation Portfolio
Consolidated Schedule of Investments as of September 30, 2021 (Unaudited)
Fair Value Hierarchy—(Continued)
| Description | Level 1 | Level 2 | Level 3 | Total | ||||||||||||
| Securities Lending Reinvestments |
| |||||||||||||||
| Certificates of Deposit |
$ | — | $ | 17,002,074 | $ | — | $ | 17,002,074 | ||||||||
| Commercial Paper |
— | 1,999,134 | — | 1,999,134 | ||||||||||||
| Repurchase Agreements |
— | 52,901,830 | — | 52,901,830 | ||||||||||||
| Time Deposits |
— | 11,900,000 | — | 11,900,000 | ||||||||||||
| Mutual Funds |
27,000,000 | — | — | 27,000,000 | ||||||||||||
| Total Securities Lending Reinvestments |
27,000,000 | 83,803,038 | — | 110,803,038 | ||||||||||||
| Total Investments |
$ | 664,617,227 | $ | 1,424,071,875 | $ | 387,614 | $ | 2,089,076,716 | ||||||||
| Collateral for Securities Loaned (Liability) |
$ | — | $ | (110,799,599 | ) | $ | — | $ | (110,799,599 | ) | ||||||
| Forward Contracts | ||||||||||||||||
| Forward Foreign Currency Exchange Contracts (Unrealized Appreciation) |
$ | — | $ | 3,987,790 | $ | — | $ | 3,987,790 | ||||||||
| Forward Foreign Currency Exchange Contracts (Unrealized Depreciation) |
— | (351,072 | ) | — | (351,072 | ) | ||||||||||
| Total Forward Contracts |
$ | — | $ | 3,636,718 | $ | — | $ | 3,636,718 | ||||||||
| Futures Contracts | ||||||||||||||||
| Futures Contracts (Unrealized Appreciation) |
$ | 4,424,027 | $ | — | $ | — | $ | 4,424,027 | ||||||||
| Futures Contracts (Unrealized Depreciation) |
(6,116,917 | ) | — | — | (6,116,917 | ) | ||||||||||
| Total Futures Contracts |
$ | (1,692,890 | ) | $ | — | $ | — | $ | (1,692,890 | ) | ||||||
| Centrally Cleared Swap Contracts | ||||||||||||||||
| Centrally Cleared Swap Contracts (Unrealized Appreciation) |
$ | — | $ | 3,502,768 | $ | — | $ | 3,502,768 | ||||||||
| Centrally Cleared Swap Contracts (Unrealized Depreciation) |
— | (1,318,131 | ) | — | (1,318,131 | ) | ||||||||||
| Total Centrally Cleared Swap Contracts |
$ | — | $ | 2,184,637 | $ | — | $ | 2,184,637 | ||||||||
| * | See Consolidated Schedule of Investments for additional detailed categorizations. | |||
Level 3 investments at the beginning and/or end of the period in relation to net assets were not significant and accordingly, a reconciliation of Level 3 assets for the period ended September 30, 2021 is not presented.
BHFTI-233
Brighthouse Funds Trust I
JPMorgan Small Cap Value Portfolio
Schedule of Investments as of September 30, 2021 (Unaudited)
Common Stocks—98.7% of Net Assets
| Security Description | Shares | Value | ||||||
| Aerospace & Defense—0.4% | ||||||||
| AAR Corp. (a) |
13,900 | $ | 450,777 | |||||
| Astronics Corp. (a) |
69,000 | 970,140 | ||||||
| Moog, Inc. - Class A |
10,800 | 823,284 | ||||||
|
|
|
|||||||
| 2,244,201 | ||||||||
|
|
|
|||||||
| Air Freight & Logistics—1.0% | ||||||||
| Echo Global Logistics, Inc. (a) |
25,276 | 1,205,918 | ||||||
| Hub Group, Inc. - Class A (a) |
53,900 | 3,705,625 | ||||||
|
|
|
|||||||
| 4,911,543 | ||||||||
|
|
|
|||||||
| Airlines—0.8% | ||||||||
| Hawaiian Holdings, Inc. (a) |
16,400 | 355,224 | ||||||
| SkyWest, Inc. (a) |
77,400 | 3,818,916 | ||||||
|
|
|
|||||||
| 4,174,140 | ||||||||
|
|
|
|||||||
| Auto Components—0.7% | ||||||||
| Adient plc (a) |
40,500 | 1,678,725 | ||||||
| American Axle & Manufacturing Holdings, Inc. (a) |
15,800 | 139,198 | ||||||
| Dana, Inc. |
40,500 | 900,720 | ||||||
| Goodyear Tire & Rubber Co. (The) (a) |
64,265 | 1,137,490 | ||||||
|
|
|
|||||||
| 3,856,133 | ||||||||
|
|
|
|||||||
| Banks—15.2% | ||||||||
| 1st Source Corp. |
19,391 | 916,031 | ||||||
| American National Bankshares, Inc. |
4,300 | 142,072 | ||||||
| Associated Banc-Corp. |
126,700 | 2,713,914 | ||||||
| Atlantic Capital Bancshares, Inc. (a) |
13,700 | 362,913 | ||||||
| Atlantic Union Bankshares Corp. |
1,600 | 58,960 | ||||||
| BancorpSouth Bank |
14,000 | 416,920 | ||||||
| Banner Corp. |
7,500 | 414,075 | ||||||
| Brookline Bancorp, Inc. |
56,700 | 865,242 | ||||||
| Bryn Mawr Bank Corp. |
5,500 | 252,725 | ||||||
| Business First Bancshares, Inc. |
1,146 | 26,805 | ||||||
| Byline Bancorp, Inc. |
35,300 | 866,968 | ||||||
| Cadence Bancorp |
65,400 | 1,436,184 | ||||||
| Cathay General Bancorp |
104,600 | 4,329,394 | ||||||
| Central Pacific Financial Corp. |
80,501 | 2,067,266 | ||||||
| CIT Group, Inc. |
106,600 | 5,537,870 | ||||||
| City Holding Co. (b) |
11,509 | 896,666 | ||||||
| Columbia Banking System, Inc. |
40,500 | 1,538,595 | ||||||
| Community Bank System, Inc. (b) |
22,700 | 1,553,134 | ||||||
| Community Trust Bancorp, Inc. |
31,916 | 1,343,663 | ||||||
| ConnectOne Bancorp, Inc. |
12,500 | 375,125 | ||||||
| Customers Bancorp, Inc. (a) |
20,200 | 869,004 | ||||||
| CVB Financial Corp. |
18,200 | 370,734 | ||||||
| Eastern Bankshares, Inc. |
91,900 | 1,865,570 | ||||||
| Enterprise Financial Services Corp. |
38,000 | 1,720,640 | ||||||
| Equity Bancshares, Inc. - Class A |
17,500 | 584,150 | ||||||
| Farmers National Banc Corp. (b) |
19,800 | 311,058 | ||||||
| Financial Institutions, Inc. |
12,499 | 383,094 | ||||||
| First Bancorp |
5,500 | 236,555 | ||||||
| First Bancshares, Inc. (The) |
7,700 | 298,606 | ||||||
| First Commonwealth Financial Corp. |
173,100 | 2,359,353 | ||||||
| First Community Bancshares, Inc. |
10,800 | 342,576 | ||||||
| First Financial Corp. |
3,700 | 155,585 | ||||||
| Banks—(Continued) | ||||||||
| First Hawaiian, Inc. |
17,000 | 498,950 | ||||||
| First Interstate BancSystem, Inc. - Class A (b) |
12,122 | 488,032 | ||||||
| First Merchants Corp. |
34,600 | 1,447,664 | ||||||
| First Midwest Bancorp, Inc. |
102,400 | 1,946,624 | ||||||
| Flushing Financial Corp. |
26,300 | 594,380 | ||||||
| Fulton Financial Corp. (b) |
67,300 | 1,028,344 | ||||||
| Glacier Bancorp, Inc. |
19,468 | 1,077,554 | ||||||
| Great Southern Bancorp, Inc. |
6,600 | 361,746 | ||||||
| Great Western Bancorp, Inc. |
82,100 | 2,687,954 | ||||||
| Hancock Whitney Corp. |
12,400 | 584,288 | ||||||
| Hilltop Holdings, Inc. (b) |
85,000 | 2,776,950 | ||||||
| Home BancShares, Inc. (b) |
95,100 | 2,237,703 | ||||||
| HomeTrust Bancshares, Inc. |
28,600 | 800,228 | ||||||
| Hope Bancorp, Inc. |
279,129 | 4,030,623 | ||||||
| Independent Bank Corp. |
9,800 | 210,504 | ||||||
| Independent Bank Group, Inc. |
13,600 | 966,144 | ||||||
| Investors Bancorp, Inc. |
174,700 | 2,639,717 | ||||||
| Mercantile Bank Corp. |
3,400 | 108,902 | ||||||
| Nicolet Bankshares, Inc. (a) (b) |
3,400 | 252,212 | ||||||
| OFG Bancorp |
18,645 | 470,227 | ||||||
| Old National Bancorp (b) |
87,800 | 1,488,210 | ||||||
| Pacific Premier Bancorp, Inc. (b) |
18,200 | 754,208 | ||||||
| Pinnacle Financial Partners, Inc. |
8,900 | 837,312 | ||||||
| Preferred Bank |
3,200 | 213,376 | ||||||
| QCR Holdings, Inc. |
6,000 | 308,640 | ||||||
| RBB Bancorp |
6,900 | 173,949 | ||||||
| Renasant Corp. (b) |
2,600 | 93,730 | ||||||
| S&T Bancorp, Inc. |
4,100 | 120,827 | ||||||
| Sandy Spring Bancorp, Inc. |
28,100 | 1,287,542 | ||||||
| Simmons First National Corp. - Class A |
67,500 | 1,995,300 | ||||||
| Tompkins Financial Corp. |
4,059 | 328,414 | ||||||
| TriState Capital Holdings, Inc. (a) |
4,600 | 97,290 | ||||||
| Trustmark Corp. (b) |
92,800 | 2,990,016 | ||||||
| UMB Financial Corp. |
40,000 | 3,868,400 | ||||||
| Valley National Bancorp |
8,320 | 110,739 | ||||||
| Washington Trust Bancorp, Inc. |
6,800 | 360,264 | ||||||
| Webster Financial Corp. |
20,000 | 1,089,200 | ||||||
| West Bancorp, Inc. (b) |
2,370 | 71,171 | ||||||
| Westamerica Bancorp |
29,600 | 1,665,296 | ||||||
|
|
|
|||||||
| 78,674,077 | ||||||||
|
|
|
|||||||
| Biotechnology—5.6% | ||||||||
| 89bio, Inc. (a) (b) |
24,100 | 472,119 | ||||||
| Akebia Therapeutics, Inc. (a) |
443,700 | 1,277,856 | ||||||
| Allovir, Inc. (a) (b) |
53,500 | 1,340,710 | ||||||
| Arcus Biosciences, Inc. (a) (b) |
48,678 | 1,697,402 | ||||||
| Arena Pharmaceuticals, Inc. (a) |
85,100 | 5,067,705 | ||||||
| Bluebird Bio, Inc. (a) |
72,600 | 1,387,386 | ||||||
| Eagle Pharmaceuticals, Inc. (a) |
30,800 | 1,718,024 | ||||||
| Enanta Pharmaceuticals, Inc. (a) |
5,100 | 289,731 | ||||||
| Epizyme, Inc. (a) (b) |
34,600 | 177,152 | ||||||
| Fate Therapeutics, Inc. (a) (b) |
25,500 | 1,511,385 | ||||||
| Frequency Therapeutics, Inc. (a) (b) |
116,200 | 820,372 | ||||||
| Iovance Biotherapeutics, Inc. (a) |
35,100 | 865,566 | ||||||
| Lexicon Pharmaceuticals, Inc. (a) |
231,400 | 1,113,034 | ||||||
| Lyell Immunopharma, Inc. (a) (b) |
67,917 | 1,005,171 | ||||||
| Myriad Genetics, Inc. (a) |
66,500 | 2,147,285 | ||||||
BHFTI-234
Brighthouse Funds Trust I
JPMorgan Small Cap Value Portfolio
Schedule of Investments as of September 30, 2021 (Unaudited)
Common Stocks—(Continued)
| Security Description | Shares | Value | ||||||
| Biotechnology—(Continued) | ||||||||
| NexImmune, Inc. (a) (b) |
53,300 | $ | 806,962 | |||||
| Protagonist Therapeutics, Inc. (a) |
83,900 | 1,486,708 | ||||||
| Rallybio Corp. (a) (b) |
10,448 | 183,676 | ||||||
| REGENXBIO, Inc. (a) |
30,800 | 1,291,136 | ||||||
| Travere Therapeutics, Inc. (a) |
102,400 | 2,483,200 | ||||||
| Turning Point Therapeutics, Inc. (a) |
27,000 | 1,793,610 | ||||||
|
|
|
|||||||
| 28,936,190 | ||||||||
|
|
|
|||||||
| Building Products—0.4% | ||||||||
| Cornerstone Building Brands, Inc. (a) |
25,100 | 366,711 | ||||||
| Gibraltar Industries, Inc. (a) |
5,700 | 397,005 | ||||||
| Quanex Building Products Corp. (b) |
24,300 | 520,263 | ||||||
| UFP Industries, Inc. |
9,300 | 632,214 | ||||||
|
|
|
|||||||
| 1,916,193 | ||||||||
|
|
|
|||||||
| Capital Markets—1.4% | ||||||||
| Artisan Partners Asset Management, Inc. - Class A |
5,600 | 273,952 | ||||||
| AssetMark Financial Holdings, Inc. (a) |
15,400 | 382,998 | ||||||
| Blucora, Inc. (a) |
24,200 | 377,278 | ||||||
| Cowen, Inc. - Class A (b) |
29,900 | 1,025,869 | ||||||
| Donnelley Financial Solutions, Inc. (a) |
17,400 | 602,388 | ||||||
| Federated Hermes, Inc. (b) |
28,000 | 910,000 | ||||||
| Piper Sandler Cos. |
6,800 | 941,528 | ||||||
| Stifel Financial Corp. |
22,350 | 1,518,906 | ||||||
| Virtus Investment Partners, Inc. (b) |
4,500 | 1,396,440 | ||||||
|
|
|
|||||||
| 7,429,359 | ||||||||
|
|
|
|||||||
| Chemicals—1.8% | ||||||||
| AdvanSix, Inc. (a) |
5,300 | 210,675 | ||||||
| Avient Corp. |
35,700 | 1,654,695 | ||||||
| Ecovyst, Inc. |
20,800 | 242,528 | ||||||
| FutureFuel Corp. |
39,700 | 283,061 | ||||||
| HB Fuller Co. |
10,100 | 652,056 | ||||||
| Koppers Holdings, Inc. (a) (b) |
22,000 | 687,720 | ||||||
| Minerals Technologies, Inc. |
18,300 | 1,278,072 | ||||||
| Orion Engineered Carbons S.A. (a) |
22,000 | 401,060 | ||||||
| Stepan Co. |
6,700 | 756,698 | ||||||
| Trinseo S.A. |
18,600 | 1,004,028 | ||||||
| Tronox Holding plc - Class A |
91,100 | 2,245,615 | ||||||
|
|
|
|||||||
| 9,416,208 | ||||||||
|
|
|
|||||||
| Commercial Services & Supplies—2.0% | ||||||||
| ABM Industries, Inc. |
59,000 | 2,655,590 | ||||||
| ACCO Brands Corp. |
202,250 | 1,737,328 | ||||||
| Cimpress plc (a) |
1,900 | 164,977 | ||||||
| Deluxe Corp. |
15,000 | 538,350 | ||||||
| Ennis, Inc. |
12,600 | 237,510 | ||||||
| Healthcare Services Group, Inc. (b) |
29,700 | 742,203 | ||||||
| Heritage-Crystal Clean, Inc. (a) |
13,500 | 391,230 | ||||||
| Herman Miller, Inc. |
52,400 | 1,973,384 | ||||||
| HNI Corp. |
11,800 | 433,296 | ||||||
| SP Plus Corp. (a) |
7,954 | 243,949 | ||||||
| Steelcase, Inc. - Class A |
103,800 | 1,316,184 | ||||||
| Team, Inc. (a) |
26,600 | 80,066 | ||||||
|
|
|
|||||||
| 10,514,067 | ||||||||
|
|
|
|||||||
| Communications Equipment—0.8% | ||||||||
| ADTRAN, Inc. (b) |
16,900 | 317,044 | ||||||
| Comtech Telecommunications Corp. |
6,300 | 161,343 | ||||||
| Harmonic, Inc. (a) (b) |
149,000 | 1,303,750 | ||||||
| NetScout Systems, Inc. (a) |
85,800 | 2,312,310 | ||||||
|
|
|
|||||||
| 4,094,447 | ||||||||
|
|
|
|||||||
| Construction & Engineering—3.2% | ||||||||
| Arcosa, Inc. |
50,300 | 2,523,551 | ||||||
| Argan, Inc. |
37,900 | 1,655,093 | ||||||
| Comfort Systems USA, Inc. |
15,600 | 1,112,592 | ||||||
| EMCOR Group, Inc. |
44,603 | 5,146,294 | ||||||
| MasTec, Inc. (a) |
27,500 | 2,372,700 | ||||||
| Matrix Service Co. (a) |
126,400 | 1,322,144 | ||||||
| MYR Group, Inc. (a) |
8,500 | 845,750 | ||||||
| Primoris Services Corp. |
31,500 | 771,435 | ||||||
| Tutor Perini Corp. (a) (b) |
57,000 | 739,860 | ||||||
|
|
|
|||||||
| 16,489,419 | ||||||||
|
|
|
|||||||
| Construction Materials—0.0% | ||||||||
| Summit Materials, Inc. - Class A (a) (b) |
4,400 | 140,668 | ||||||
|
|
|
|||||||
| Consumer Finance—1.5% | ||||||||
| EZCORP, Inc. - Class A (a) (b) |
47,600 | 360,332 | ||||||
| FirstCash, Inc. (b) |
9,900 | 866,250 | ||||||
| Navient Corp. |
109,100 | 2,152,543 | ||||||
| Nelnet, Inc. - Class A |
16,300 | 1,291,612 | ||||||
| PROG Holdings, Inc. (a) |
64,200 | 2,697,042 | ||||||
| Regional Management Corp. |
5,900 | 343,262 | ||||||
|
|
|
|||||||
| 7,711,041 | ||||||||
|
|
|
|||||||
| Containers & Packaging—0.3% | ||||||||
| Greif, Inc. - Class A (b) |
16,600 | 1,072,360 | ||||||
| Myers Industries, Inc. |
6,500 | 127,205 | ||||||
| TriMas Corp. (a) |
6,200 | 200,632 | ||||||
|
|
|
|||||||
| 1,400,197 | ||||||||
|
|
|
|||||||
| Diversified Consumer Services—0.1% | ||||||||
| Houghton Mifflin Harcourt Co. (a) |
54,800 | 735,964 | ||||||
|
|
|
|||||||
| Diversified Telecommunication Services—0.6% | ||||||||
| Consolidated Communications Holdings, Inc. (a) |
46,000 | 422,740 | ||||||
| EchoStar Corp. - Class A (a) |
61,000 | 1,556,110 | ||||||
| Liberty Latin America, Ltd. - Class A (a) |
34,700 | 453,876 | ||||||
| Liberty Latin America, Ltd. - Class C (a) |
67,023 | 879,342 | ||||||
|
|
|
|||||||
| 3,312,068 | ||||||||
|
|
|
|||||||
| Electric Utilities—0.6% | ||||||||
| ALLETE, Inc. |
5,600 | 333,312 | ||||||
| IDACORP, Inc. |
2,800 | 289,464 | ||||||
| Otter Tail Corp. |
6,600 | 369,402 | ||||||
| Portland General Electric Co. |
46,400 | 2,180,336 | ||||||
| Via Renewables, Inc. (b) |
16,800 | 171,192 | ||||||
|
|
|
|||||||
| 3,343,706 | ||||||||
|
|
|
|||||||
BHFTI-235
Brighthouse Funds Trust I
JPMorgan Small Cap Value Portfolio
Schedule of Investments as of September 30, 2021 (Unaudited)
Common Stocks—(Continued)
| Security Description | Shares | Value | ||||||
| Electrical Equipment—0.3% | ||||||||
| AZZ, Inc. |
11,900 | $ | 633,080 | |||||
| Bloom Energy Corp. - Class A (a) (b) |
6,400 | 119,808 | ||||||
| Powell Industries, Inc. (b) |
35,500 | 872,235 | ||||||
| Thermon Group Holdings, Inc. (a) |
9,500 | 164,445 | ||||||
|
|
|
|||||||
| 1,789,568 | ||||||||
|
|
|
|||||||
| Electronic Equipment, Instruments & Components—2.6% | ||||||||
| Belden, Inc. |
6,200 | 361,212 | ||||||
| Benchmark Electronics, Inc. |
79,500 | 2,123,445 | ||||||
| Knowles Corp. (a) |
133,000 | 2,492,420 | ||||||
| OSI Systems, Inc. (a) (b) |
25,458 | 2,413,418 | ||||||
| Sanmina Corp. (a) (b) |
38,800 | 1,495,352 | ||||||
| ScanSource, Inc. (a) |
59,200 | 2,059,568 | ||||||
| TTM Technologies, Inc. (a) |
64,700 | 813,279 | ||||||
| Vishay Intertechnology, Inc. |
81,300 | 1,633,317 | ||||||
|
|
|
|||||||
| 13,392,011 | ||||||||
|
|
|
|||||||
| Energy Equipment & Services—1.2% | ||||||||
| Bristow Group, Inc. (a) (b) |
4,999 | 159,118 | ||||||
| ChampionX Corp. (a) |
36,900 | 825,084 | ||||||
| Helmerich & Payne, Inc. (b) |
28,400 | 778,444 | ||||||
| NexTier Oilfield Solutions, Inc. (a) |
160,446 | 738,052 | ||||||
| Oceaneering International, Inc. (a) |
62,000 | 825,840 | ||||||
| Oil States International, Inc. (a) |
57,400 | 366,786 | ||||||
| Patterson-UTI Energy, Inc. |
115,800 | 1,042,200 | ||||||
| ProPetro Holding Corp. (a) |
88,800 | 768,120 | ||||||
| Select Energy Services, Inc. - Class A (a) |
70,600 | 366,414 | ||||||
| Solaris Oilfield Infrastructure, Inc. - Class A |
27,000 | 225,180 | ||||||
|
|
|
|||||||
| 6,095,238 | ||||||||
|
|
|
|||||||
| Entertainment—0.7% | ||||||||
| AMC Entertainment Holdings, Inc. - Class A (a) (b) |
82,400 | 3,136,144 | ||||||
| Lions Gate Entertainment Corp. - Class A (a) |
41,000 | 581,790 | ||||||
|
|
|
|||||||
| 3,717,934 | ||||||||
|
|
|
|||||||
| Equity Real Estate Investment Trusts—10.2% | ||||||||
| Acadia Realty Trust |
6,600 | 134,706 | ||||||
| Agree Realty Corp. |
41,200 | 2,728,676 | ||||||
| Alexander & Baldwin, Inc. |
59,189 | 1,387,390 | ||||||
| American Assets Trust, Inc. |
22,900 | 856,918 | ||||||
| American Finance Trust, Inc. |
32,300 | 259,692 | ||||||
| Apple Hospitality REIT, Inc. |
125,900 | 1,980,407 | ||||||
| Broadstone Net Lease, Inc. (b) |
44,300 | 1,099,083 | ||||||
| CareTrust REIT, Inc. |
39,000 | 792,480 | ||||||
| CatchMark Timber Trust, Inc. - Class A (b) |
13,400 | 159,058 | ||||||
| Centerspace |
8,000 | 756,000 | ||||||
| Chatham Lodging Trust (a) |
15,000 | 183,750 | ||||||
| City Office REIT, Inc. |
56,700 | 1,012,662 | ||||||
| Columbia Property Trust, Inc. |
9,800 | 186,396 | ||||||
| CorePoint Lodging, Inc. (a) |
10,000 | 155,000 | ||||||
| Corporate Office Properties Trust |
77,600 | 2,093,648 | ||||||
| DiamondRock Hospitality Co. (a) |
158,900 | 1,501,605 | ||||||
| DigitalBridge Group, Inc. (a) (b) |
115,400 | 695,862 | ||||||
| Easterly Government Properties, Inc. |
29,700 | 613,602 | ||||||
| Essential Properties Realty Trust, Inc. |
22,600 | 630,992 | ||||||
| Equity Real Estate Investment Trusts—(Continued) | ||||||||
| First Industrial Realty Trust, Inc. |
15,700 | 817,656 | ||||||
| Four Corners Property Trust, Inc. |
36,100 | 969,646 | ||||||
| Getty Realty Corp. |
52,829 | 1,548,418 | ||||||
| Gladstone Commercial Corp. |
56,200 | 1,181,886 | ||||||
| Global Medical REIT, Inc. |
9,500 | 139,650 | ||||||
| Global Net Lease, Inc. |
29,700 | 475,794 | ||||||
| Healthcare Realty Trust, Inc. |
40,000 | 1,191,200 | ||||||
| Highwoods Properties, Inc. |
5,300 | 232,458 | ||||||
| Independence Realty Trust, Inc. |
64,500 | 1,312,575 | ||||||
| Industrial Logistics Properties Trust |
12,600 | 320,166 | ||||||
| Innovative Industrial Properties, Inc. |
2,500 | 577,925 | ||||||
| Kite Realty Group Trust |
39,500 | 804,220 | ||||||
| Lexington Realty Trust (b) |
203,800 | 2,598,450 | ||||||
| NexPoint Residential Trust, Inc. |
2,376 | 147,027 | ||||||
| Phillips Edison & Co., Inc. (b) |
15,500 | 476,005 | ||||||
| Physicians Realty Trust |
87,600 | 1,543,512 | ||||||
| Piedmont Office Realty Trust, Inc. - Class A |
83,400 | 1,453,662 | ||||||
| Plymouth Industrial REIT, Inc. |
11,100 | 252,525 | ||||||
| PotlatchDeltic Corp. |
28,425 | 1,466,161 | ||||||
| Retail Opportunity Investments Corp. |
56,100 | 977,262 | ||||||
| Retail Properties of America, Inc. - Class A |
65,700 | 846,216 | ||||||
| RLJ Lodging Trust |
24,157 | 358,973 | ||||||
| Ryman Hospitality Properties, Inc. (a) (b) |
4,800 | 401,760 | ||||||
| Sabra Health Care REIT, Inc. |
131,700 | 1,938,624 | ||||||
| SITE Centers Corp. |
63,200 | 975,808 | ||||||
| STAG Industrial, Inc. (b) |
88,200 | 3,461,850 | ||||||
| Summit Hotel Properties, Inc. (a) (b) |
12,800 | 123,264 | ||||||
| Sunstone Hotel Investors, Inc. (a) |
218,973 | 2,614,538 | ||||||
| Terreno Realty Corp. |
46,900 | 2,965,487 | ||||||
| UMH Properties, Inc. |
37,600 | 861,040 | ||||||
| Urban Edge Properties |
32,200 | 589,582 | ||||||
| Urstadt Biddle Properties, Inc. - Class A |
14,000 | 265,020 | ||||||
| Xenia Hotels & Resorts, Inc. (a) |
83,800 | 1,486,612 | ||||||
|
|
|
|||||||
| 52,602,899 | ||||||||
|
|
|
|||||||
| Food & Staples Retailing—0.8% | ||||||||
| Andersons, Inc. (The) |
5,700 | 175,731 | ||||||
| Performance Food Group Co. (a) |
17,116 | 795,209 | ||||||
| Rite Aid Corp. (a) (b) |
42,192 | 599,127 | ||||||
| SpartanNash Co. |
9,000 | 197,100 | ||||||
| Sprouts Farmers Market, Inc. (a) (b) |
76,000 | 1,760,920 | ||||||
| United Natural Foods, Inc. (a) (b) |
12,600 | 610,092 | ||||||
|
|
|
|||||||
| 4,138,179 | ||||||||
|
|
|
|||||||
| Food Products—1.1% | ||||||||
| Darling Ingredients, Inc. (a) |
72,300 | 5,198,370 | ||||||
| Fresh Del Monte Produce, Inc. |
12,900 | 415,638 | ||||||
| Seneca Foods Corp. - Class A (a) |
6,100 | 294,142 | ||||||
|
|
|
|||||||
| 5,908,150 | ||||||||
|
|
|
|||||||
| Gas Utilities—1.1% | ||||||||
| Brookfield Infrastructure Corp. - Class A |
4,700 | 281,436 | ||||||
| Chesapeake Utilities Corp. (b) |
1,400 | 168,070 | ||||||
| New Jersey Resources Corp. |
48,400 | 1,684,804 | ||||||
| Northwest Natural Holding Co. |
5,600 | 257,544 | ||||||
BHFTI-236
Brighthouse Funds Trust I
JPMorgan Small Cap Value Portfolio
Schedule of Investments as of September 30, 2021 (Unaudited)
Common Stocks—(Continued)
| Security Description | Shares | Value | ||||||
| Gas Utilities—(Continued) | ||||||||
| ONE Gas, Inc. |
17,900 | $ | 1,134,323 | |||||
| Southwest Gas Holdings, Inc. |
27,000 | 1,805,760 | ||||||
| Spire, Inc. |
9,139 | 559,124 | ||||||
|
|
|
|||||||
| 5,891,061 | ||||||||
|
|
|
|||||||
| Health Care Equipment & Supplies—1.3% | ||||||||
| AngioDynamics, Inc. (a) |
31,800 | 824,892 | ||||||
| Bioventus, Inc. - Class A (a) (b) |
52,400 | 741,984 | ||||||
| Integer Holdings Corp. (a) |
25,700 | 2,296,038 | ||||||
| Natus Medical, Inc. (a) (b) |
69,800 | 1,750,584 | ||||||
| Utah Medical Products, Inc. |
6,200 | 575,608 | ||||||
| Varex Imaging Corp. (a) (b) |
20,200 | 569,640 | ||||||
|
|
|
|||||||
| 6,758,746 | ||||||||
|
|
|
|||||||
| Health Care Providers & Services—1.0% | ||||||||
| National HealthCare Corp. |
4,400 | 307,912 | ||||||
| Option Care Health, Inc. (a) |
45,300 | 1,098,978 | ||||||
| Owens & Minor, Inc. |
11,600 | 362,964 | ||||||
| Tenet Healthcare Corp. (a) |
47,300 | 3,142,612 | ||||||
| Tivity Health, Inc. (a) (b) |
7,000 | 161,420 | ||||||
|
|
|
|||||||
| 5,073,886 | ||||||||
|
|
|
|||||||
| Health Care Technology—1.2% | ||||||||
| Allscripts Healthcare Solutions, Inc. (a) (b) |
346,000 | 4,626,020 | ||||||
| Computer Programs & Systems, Inc. (b) |
5,500 | 195,030 | ||||||
| Evolent Health, Inc. - Class A (a) |
42,300 | 1,311,300 | ||||||
|
|
|
|||||||
| 6,132,350 | ||||||||
|
|
|
|||||||
| Hotels, Restaurants & Leisure—0.4% | ||||||||
| Del Taco Restaurants, Inc. (b) |
70,900 | 618,957 | ||||||
| Fiesta Restaurant Group, Inc. (a) (b) |
17,400 | 190,704 | ||||||
| Marriott Vacations Worldwide Corp. |
7,900 | 1,242,907 | ||||||
|
|
|
|||||||
| 2,052,568 | ||||||||
|
|
|
|||||||
| Household Durables—1.6% | ||||||||
| Hooker Furnishings Corp. |
14,400 | 388,656 | ||||||
| Lifetime Brands, Inc. |
14,600 | 265,574 | ||||||
| Meritage Homes Corp. (a) |
11,200 | 1,086,400 | ||||||
| Taylor Morrison Home Corp. (a) |
59,000 | 1,521,020 | ||||||
| TRI Pointe Group, Inc. (a) |
250,800 | 5,271,816 | ||||||
|
|
|
|||||||
| 8,533,466 | ||||||||
|
|
|
|||||||
| Household Products—0.4% | ||||||||
| Central Garden and Pet Co. (Non-Voting Shares) - Class A (a) |
32,500 | 1,397,500 | ||||||
| Spectrum Brands Holdings, Inc. |
4,600 | 440,082 | ||||||
|
|
|
|||||||
| 1,837,582 | ||||||||
|
|
|
|||||||
| Independent Power and Renewable Electricity Producers—0.7% | ||||||||
| Brookfield Renewable Corp. - Class A |
18,200 | 706,342 | ||||||
| Clearway Energy, Inc. - Class A |
46,200 | 1,302,840 | ||||||
| Clearway Energy, Inc. - Class C |
46,000 | 1,392,420 | ||||||
|
|
|
|||||||
| 3,401,602 | ||||||||
|
|
|
|||||||
| Insurance—1.5% | ||||||||
| American Equity Investment Life Holding Co. |
37,500 | 1,108,875 | ||||||
| Argo Group International Holdings, Ltd. |
20,719 | 1,081,946 | ||||||
| CNO Financial Group, Inc. |
91,900 | 2,163,326 | ||||||
| Employers Holdings, Inc. |
10,100 | 398,849 | ||||||
| Heritage Insurance Holdings, Inc. |
26,400 | 179,784 | ||||||
| Horace Mann Educators Corp. |
8,511 | 338,653 | ||||||
| ProAssurance Corp. |
17,900 | 425,662 | ||||||
| RLI Corp. |
1,000 | 100,270 | ||||||
| Selective Insurance Group, Inc. |
11,000 | 830,830 | ||||||
| Stewart Information Services Corp. |
15,600 | 986,856 | ||||||
|
|
|
|||||||
| 7,615,051 | ||||||||
|
|
|
|||||||
| Interactive Media & Services—0.8% | ||||||||
| Cars.com, Inc. (a) |
83,200 | 1,052,480 | ||||||
| Liberty TripAdvisor Holdings, Inc. - Class A (a) |
283,600 | 876,324 | ||||||
| QuinStreet, Inc. (a) |
51,300 | 900,828 | ||||||
| Yelp, Inc. (a) |
34,000 | 1,266,160 | ||||||
|
|
|
|||||||
| 4,095,792 | ||||||||
|
|
|
|||||||
| IT Services—1.0% | ||||||||
| BM Technologies, Inc. (a) (b) |
4,693 | 41,768 | ||||||
| CSG Systems International, Inc. (b) |
38,700 | 1,865,340 | ||||||
| IBEX Holdings, Ltd. (a) |
42,100 | 715,700 | ||||||
| LiveRamp Holdings, Inc. (a) |
56,900 | 2,687,387 | ||||||
|
|
|
|||||||
| 5,310,195 | ||||||||
|
|
|
|||||||
| Machinery—2.2% | ||||||||
| AGCO Corp. |
17,100 | 2,095,263 | ||||||
| Altra Industrial Motion Corp. |
45,300 | 2,507,355 | ||||||
| Barnes Group, Inc. |
10,500 | 438,165 | ||||||
| Douglas Dynamics, Inc. |
7,442 | 270,145 | ||||||
| EnPro Industries, Inc. |
8,400 | 731,808 | ||||||
| Kennametal, Inc. |
11,500 | 393,645 | ||||||
| Manitowoc Co., Inc. (The) (a) |
26,100 | 559,062 | ||||||
| Meritor, Inc. (a) |
21,100 | 449,641 | ||||||
| Terex Corp. |
35,900 | 1,511,390 | ||||||
| Wabash National Corp. (b) |
99,400 | 1,503,922 | ||||||
| Watts Water Technologies, Inc. - Class A - Class A |
4,100 | 689,169 | ||||||
|
|
|
|||||||
| 11,149,565 | ||||||||
|
|
|
|||||||
| Marine—0.1% | ||||||||
| Costamare, Inc. |
40,200 | 622,698 | ||||||
|
|
|
|||||||
| Media—1.9% | ||||||||
| AMC Networks, Inc. - Class A (a) (b) |
65,400 | 3,046,986 | ||||||
| Gray Television, Inc. |
118,000 | 2,692,760 | ||||||
| Hemisphere Media Group, Inc. (a) |
44,900 | 546,882 | ||||||
| John Wiley & Sons, Inc. - Class A (b) |
34,500 | 1,801,245 | ||||||
| Sinclair Broadcast Group, Inc. - Class A (b) |
47,300 | 1,498,464 | ||||||
|
|
|
|||||||
| 9,586,337 | ||||||||
|
|
|
|||||||
| Metals & Mining—1.8% | ||||||||
| Alcoa Corp. (a) |
20,600 | 1,008,164 | ||||||
| Allegheny Technologies, Inc. (a) |
39,400 | 655,222 | ||||||
| Arconic Corp. (a) |
59,000 | 1,860,860 | ||||||
BHFTI-237
Brighthouse Funds Trust I
JPMorgan Small Cap Value Portfolio
Schedule of Investments as of September 30, 2021 (Unaudited)
Common Stocks—(Continued)
| Security Description | Shares | Value | ||||||
| Metals & Mining—(Continued) | ||||||||
| Cleveland-Cliffs, Inc. (a) (b) |
52,600 | $ | 1,042,006 | |||||
| Commercial Metals Co. |
39,100 | 1,190,986 | ||||||
| Hecla Mining Co. |
35,100 | 193,050 | ||||||
| Kaiser Aluminum Corp. |
10,700 | 1,165,872 | ||||||
| Materion Corp. |
7,500 | 514,800 | ||||||
| SunCoke Energy, Inc. |
100,400 | 630,512 | ||||||
| United States Steel Corp. |
9,300 | 204,321 | ||||||
| Warrior Met Coal, Inc. |
26,600 | 618,982 | ||||||
| Worthington Industries, Inc. |
5,300 | 279,310 | ||||||
|
|
|
|||||||
| 9,364,085 | ||||||||
|
|
|
|||||||
| Mortgage Real Estate Investment Trusts—2.5% | ||||||||
| Apollo Commercial Real Estate Finance, Inc. (b) |
29,100 | 431,553 | ||||||
| Ares Commercial Real Estate Corp. |
38,500 | 580,580 | ||||||
| Blackstone Mortgage Trust, Inc. - Class A (b) |
44,500 | 1,349,240 | ||||||
| Ellington Financial, Inc. (b) |
55,700 | 1,018,753 | ||||||
| Granite Point Mortgage Trust, Inc. |
16,800 | 221,256 | ||||||
| Great Ajax Corp. |
6,000 | 80,940 | ||||||
| Hannon Armstrong Sustainable Infrastructure Capital, Inc. (b) |
28,700 | 1,534,876 | ||||||
| KKR Real Estate Finance Trust, Inc. (b) |
57,100 | 1,204,810 | ||||||
| Ladder Capital Corp. |
95,600 | 1,056,380 | ||||||
| MFA Financial, Inc. |
120,300 | 549,771 | ||||||
| PennyMac Mortgage Investment Trust (b) |
78,500 | 1,545,665 | ||||||
| Ready Capital Corp. |
20,800 | 300,144 | ||||||
| Redwood Trust, Inc. |
169,400 | 2,183,566 | ||||||
| TPG RE Finance Trust, Inc. |
61,200 | 757,656 | ||||||
|
|
|
|||||||
| 12,815,190 | ||||||||
|
|
|
|||||||
| Multi-Utilities—0.8% | ||||||||
| Avista Corp. |
39,800 | 1,556,976 | ||||||
| Black Hills Corp. |
28,800 | 1,807,488 | ||||||
| NorthWestern Corp. |
8,100 | 464,130 | ||||||
| Unitil Corp. |
11,200 | 479,136 | ||||||
|
|
|
|||||||
| 4,307,730 | ||||||||
|
|
|
|||||||
| Multiline Retail—0.9% | ||||||||
| Dillard’s, Inc. - Class A (b) |
8,300 | 1,431,916 | ||||||
| Macy’s, Inc. |
142,800 | 3,227,280 | ||||||
|
|
|
|||||||
| 4,659,196 | ||||||||
|
|
|
|||||||
| Oil, Gas & Consumable Fuels—5.0% | ||||||||
| Antero Resources Corp. (a) (b) |
145,700 | 2,740,617 | ||||||
| Arch Resources, Inc. (a) |
12,200 | 1,131,550 | ||||||
| Berry Corp. |
122,200 | 881,062 | ||||||
| CNX Resources Corp. (a) |
139,200 | 1,756,704 | ||||||
| CVR Energy, Inc. |
53,800 | 896,308 | ||||||
| Delek U.S. Holdings, Inc. |
46,029 | 827,141 | ||||||
| Dorian LPG, Ltd. |
41,500 | 515,015 | ||||||
| Falcon Minerals Corp. |
90,700 | 426,290 | ||||||
| Green Plains, Inc. (a) |
45,200 | 1,475,780 | ||||||
| International Seaways, Inc. (b) |
14,300 | 260,546 | ||||||
| Kosmos Energy, Ltd. (a) |
60,800 | 179,968 | ||||||
| Magnolia Oil & Gas Corp. - Class A (b) |
91,000 | 1,618,890 | ||||||
| Ovintiv, Inc. |
152,300 | 5,007,624 | ||||||
| PDC Energy, Inc. |
78,600 | 3,724,854 | ||||||
| Range Resources Corp. (a) |
131,300 | 2,971,319 | ||||||
| Oil, Gas & Consumable Fuels—(Continued) | ||||||||
| Renewable Energy Group, Inc. (a) |
16,400 | 823,280 | ||||||
| REX American Resources Corp. (a) |
7,600 | 607,012 | ||||||
| Talos Energy, Inc. (a) |
16,600 | 228,582 | ||||||
|
|
|
|||||||
| 26,072,542 | ||||||||
|
|
|
|||||||
| Paper & Forest Products—0.9% | ||||||||
| Domtar Corp. (a) |
17,800 | 970,812 | ||||||
| Glatfelter Corp. (b) |
65,800 | 927,780 | ||||||
| Louisiana-Pacific Corp. |
7,100 | 435,727 | ||||||
| Neenah, Inc. |
8,900 | 414,829 | ||||||
| Schweitzer-Mauduit International, Inc. |
30,900 | 1,070,994 | ||||||
| Verso Corp. - Class A |
36,700 | 761,525 | ||||||
|
|
|
|||||||
| 4,581,667 | ||||||||
|
|
|
|||||||
| Personal Products—1.1% | ||||||||
| BellRing Brands, Inc. - Class A (a) |
163,100 | 5,015,325 | ||||||
| Edgewell Personal Care Co. |
15,700 | 569,910 | ||||||
| Honest Co. Inc. (The) (a) (b) |
33,498 | 347,709 | ||||||
|
|
|
|||||||
| 5,932,944 | ||||||||
|
|
|
|||||||
| Pharmaceuticals—0.7% | ||||||||
| Cymabay Therapeutics, Inc. (a) (b) |
262,100 | 956,665 | ||||||
| Intra-Cellular Therapies, Inc. (a) |
19,500 | 726,960 | ||||||
| Lannett Co., Inc. (a) (b) |
217,455 | 652,365 | ||||||
| NGM Biopharmaceuticals, Inc. (a) (b) |
71,000 | 1,492,420 | ||||||
|
|
|
|||||||
| 3,828,410 | ||||||||
|
|
|
|||||||
| Professional Services—3.2% | ||||||||
| Barrett Business Services, Inc. |
25,460 | 1,941,580 | ||||||
| GP Strategies Corp. (a) (b) |
21,900 | 453,330 | ||||||
| Heidrick & Struggles International, Inc. |
24,900 | 1,111,287 | ||||||
| Huron Consulting Group, Inc. (a) |
22,400 | 1,164,800 | ||||||
| Insperity, Inc. |
1,900 | 210,406 | ||||||
| KBR, Inc. |
21,700 | 854,980 | ||||||
| Kelly Services, Inc. - Class A |
78,600 | 1,483,968 | ||||||
| Korn Ferry |
33,200 | 2,402,352 | ||||||
| ManTech International Corp. - Class A |
55,700 | 4,228,744 | ||||||
| TrueBlue, Inc. (a) |
107,300 | 2,905,684 | ||||||
|
|
|
|||||||
| 16,757,131 | ||||||||
|
|
|
|||||||
| Real Estate Management & Development—0.6% | ||||||||
| Kennedy-Wilson Holdings, Inc. |
76,400 | 1,598,288 | ||||||
| Realogy Holdings Corp. (a) |
72,500 | 1,271,650 | ||||||
|
|
|
|||||||
| 2,869,938 | ||||||||
|
|
|
|||||||
| Road & Rail—1.0% | ||||||||
| ArcBest Corp. |
49,900 | 4,080,323 | ||||||
| Avis Budget Group, Inc. (a) |
4,600 | 535,946 | ||||||
| Covenant Logistics Group, Inc. (a) |
7,700 | 212,905 | ||||||
| Werner Enterprises, Inc. |
8,100 | 358,587 | ||||||
|
|
|
|||||||
| 5,187,761 | ||||||||
|
|
|
|||||||
| Semiconductors & Semiconductor Equipment—1.0% | ||||||||
| Cohu, Inc. (a) |
32,000 | 1,022,080 | ||||||
| Maxeon Solar Technologies, Ltd. (a) |
1 | 18 | ||||||
BHFTI-238
Brighthouse Funds Trust I
JPMorgan Small Cap Value Portfolio
Schedule of Investments as of September 30, 2021 (Unaudited)
Common Stocks—(Continued)
| Security Description | Shares |
Value | ||||||
| Semiconductors & Semiconductor Equipment—(Continued) | ||||||||
| SMART Global Holdings, Inc. (a) |
81,900 | $ | 3,644,550 | |||||
| SunPower Corp. (a) (b) |
8,100 | 183,708 | ||||||
| Veeco Instruments, Inc. (a) (b) |
7,500 | 166,575 | ||||||
|
|
|
|||||||
| 5,016,931 | ||||||||
|
|
|
|||||||
| Software—1.6% | ||||||||
| A10 Networks, Inc. (a) |
95,500 | 1,287,340 | ||||||
| eGain Corp. (a) |
81,800 | 834,360 | ||||||
| Marathon Digital Holdings, Inc. (a) (b) |
30,973 | 978,127 | ||||||
| Ping Identity Holding Corp. (a) |
134,000 | 3,292,380 | ||||||
| SecureWorks Corp. - Class A (a) |
15,151 | 301,202 | ||||||
| Vonage Holdings Corp. (a) |
90,300 | 1,455,636 | ||||||
|
|
|
|||||||
| 8,149,045 | ||||||||
|
|
|
|||||||
| Specialty Retail—1.5% | ||||||||
| Abercrombie & Fitch Co. - Class A (a) |
9,700 | 365,011 | ||||||
| Bed Bath & Beyond, Inc. (a) |
37,700 | 651,267 | ||||||
| Caleres, Inc. |
55,400 | 1,230,988 | ||||||
| Children’s Place, Inc. (The) (a) |
4,700 | 353,722 | ||||||
| Genesco, Inc. (a) (b) |
7,900 | 456,067 | ||||||
| Signet Jewelers, Ltd. (a) |
19,900 | 1,571,304 | ||||||
| Sleep Number Corp. (a) (b) |
8,900 | 831,972 | ||||||
| Sonic Automotive, Inc. - Class A (b) |
23,500 | 1,234,690 | ||||||
| Zumiez, Inc. (a) (b) |
24,700 | 982,072 | ||||||
|
|
|
|||||||
| 7,677,093 | ||||||||
|
|
|
|||||||
| Technology Hardware, Storage & Peripherals—0.1% | ||||||||
| Diebold Nixdorf, Inc. (a) |
49,800 | 503,478 | ||||||
|
|
|
|||||||
| Textiles, Apparel & Luxury Goods—0.8% | ||||||||
| G-III Apparel Group, Ltd. (a) (b) |
60,600 | 1,714,980 | ||||||
| Kontoor Brands, Inc. (b) |
25,800 | 1,288,710 | ||||||
| Wolverine World Wide, Inc. (b) |
30,700 | 916,088 | ||||||
|
|
|
|||||||
| 3,919,778 | ||||||||
|
|
|
|||||||
| Thrifts & Mortgage Finance—3.8% | ||||||||
| Axos Financial, Inc. (a) |
28,900 | 1,489,506 | ||||||
| Essent Group, Ltd. |
65,400 | 2,878,254 | ||||||
| HomeStreet, Inc. |
25,300 | 1,041,095 | ||||||
| Kearny Financial Corp. |
53,800 | 668,734 | ||||||
| Luther Burbank Corp. |
27,300 | 366,093 | ||||||
| Merchants Bancorp |
372 | 14,683 | ||||||
| Meridian Bancorp, Inc. |
55,600 | 1,154,256 | ||||||
| MGIC Investment Corp. |
55,000 | 822,800 | ||||||
| Mr Cooper Group, Inc. (a) |
29,400 | 1,210,398 | ||||||
| NMI Holdings, Inc. - Class A (a) |
40,100 | 906,661 | ||||||
| Northfield Bancorp, Inc. |
111,700 | 1,916,772 | ||||||
| PennyMac Financial Services, Inc. |
19,000 | 1,161,470 | ||||||
| Premier Financial Corp. |
15,080 | 480,147 | ||||||
| Radian Group, Inc. |
112,900 | 2,565,088 | ||||||
| Washington Federal, Inc. |
62,200 | 2,134,082 | ||||||
| WSFS Financial Corp. |
15,162 | 777,962 | ||||||
|
|
|
|||||||
| 19,588,001 | ||||||||
|
|
|
|||||||
| Trading Companies & Distributors—1.8% | ||||||||
| Boise Cascade Co. |
14,000 | 755,720 | ||||||
| GMS, Inc. (a) |
45,300 | 1,984,140 | ||||||
| Herc Holdings, Inc. |
11,821 | 1,932,261 | ||||||
| MRC Global, Inc. (a) |
101,100 | 742,074 | ||||||
| NOW, Inc. (a) |
287,600 | 2,200,140 | ||||||
| Veritiv Corp. (a) |
17,500 | 1,567,300 | ||||||
|
|
|
|||||||
| 9,181,635 | ||||||||
|
|
|
|||||||
| Water Utilities—0.7% | ||||||||
| American States Water Co. |
43,500 | 3,720,120 | ||||||
|
|
|
|||||||
| Wireless Telecommunication Services—0.4% | ||||||||
| Gogo, Inc. (a) (b) |
125,700 | 2,174,610 | ||||||
|
|
|
|||||||
| Total Common Stocks |
511,311,784 | |||||||
|
|
|
|||||||
| Short-Term Investment—1.3% | ||||||||
| Repurchase Agreement—1.3% | ||||||||
| Fixed Income Clearing Corp. |
6,892,252 | 6,892,252 | ||||||
|
|
|
|||||||
| Total Short-Term Investments |
6,892,252 | |||||||
|
|
|
|||||||
| Securities Lending Reinvestments (c)—7.0% |
| |||||||
| Certificate of Deposit—0.2% | ||||||||
| Sumitomo Mitsui Trust Bank, Ltd. |
1,000,000 | 999,994 | ||||||
|
|
|
|||||||
| Commercial Paper—0.2% | ||||||||
| UBS AG |
1,000,000 | 999,073 | ||||||
|
|
|
|||||||
| Repurchase Agreements—5.5% | ||||||||
| Barclays Bank plc | ||||||||
| Repurchase Agreement dated 09/30/21 at 0.190%, due on 10/01/21 with a maturity value of $1,000,005; collateralized by various Common Stock with an aggregate market value of $1,111,234. |
1,000,000 | 1,000,000 | ||||||
| Repurchase Agreement dated 09/30/21 at 0.350%, due on 11/04/21 with a maturity value of $4,001,361; collateralized by various Common Stock with an aggregate market value of $4,445,352. |
4,000,000 | 4,000,000 | ||||||
| Barclays Capital, Inc. |
5,142,118 | 5,142,118 | ||||||
BHFTI-239
Brighthouse Funds Trust I
JPMorgan Small Cap Value Portfolio
Schedule of Investments as of September 30, 2021 (Unaudited)
Securities Lending Reinvestments (c)—(Continued)
| Security Description | Principal Amount* |
Value | ||||||
| Repurchase Agreements—(Continued) | ||||||||
| Cantor Fitzgerald & Co. |
1,000,000 | $ | 1,000,000 | |||||
| Citigroup Global Markets, Inc. |
500,000 | 500,000 | ||||||
| Deutsche Bank AG, London |
500,000 | 500,000 | ||||||
| ING Financial Markets LLC |
5,000,000 | 5,000,000 | ||||||
| National Bank of Canada |
5,000,000 | 5,000,000 | ||||||
| NBC Global Finance, Ltd. | ||||||||
| Repurchase Agreement dated 09/30/21 at 0.235%, due on 10/07/21 with a maturity value of $1,000,046; collateralized by U.S. Treasury Obligations with rates ranging from 0.095% - 2.250%, maturity dates ranging from 07/31/22 - 11/15/27, and various Common Stock with an aggregate market value of $1,110,031. |
1,000,000 | 1,000,000 | ||||||
| Repurchase Agreement dated 09/30/21 at 0.250%, due on 10/07/21 with a maturity value of $1,100,053; collateralized by U.S. Treasury Obligations with rates ranging from 0.095% - 2.000%, maturity dates ranging from 07/31/22 - 02/15/50, and various Common Stock with an aggregate market value of $1,221,680. |
1,100,000 | 1,100,000 | ||||||
| Societe Generale | ||||||||
| Repurchase Agreement dated 09/30/21 at 0.050%, due on 10/01/21 with a maturity value of $1,000,001; collateralized by U.S. Treasury Obligations with rates ranging from 0.000% - 6.750%, maturity dates ranging from 10/21/21 - 02/15/49, and an aggregate market value of $1,020,051. |
1,000,000 | 1,000,000 | ||||||
| Repurchase Agreement dated 09/30/21 at 0.170%, due on 10/01/21 with a maturity value of $1,000,005; collateralized by various Common Stock with an aggregate market value of $1,111,133. |
1,000,000 | 1,000,000 | ||||||
| Repurchase Agreements—(Continued) | ||||||||
| Societe Generale | ||||||||
| Repurchase Agreement dated 09/30/21 at 0.200%, due on 10/07/21 with a maturity value of $2,439,119; collateralized by various Common Stock with an aggregate market value of $2,710,081. |
2,439,024 | 2,439,024 | ||||||
|
|
|
|||||||
| 28,681,142 | ||||||||
|
|
|
|||||||
| Time Deposits—0.4% | ||||||||
| First Abu Dhabi Bank USA NV |
1,000,000 | 1,000,000 | ||||||
| Landesbank Baden-Wuettertemberg (London) |
300,000 | 300,000 | ||||||
| National Bank of Canada |
1,000,000 | 1,000,000 | ||||||
|
|
|
|||||||
| 2,300,000 | ||||||||
|
|
|
|||||||
| Mutual Funds—0.7% | ||||||||
| Goldman Sachs Financial Square Government Fund, Institutional Shares 0.030% (e) |
1,000,000 | 1,000,000 | ||||||
| Morgan Stanley Liquidity Funds Government Portfolio, Institutional Shares 0.030% (e) |
2,000,000 | 2,000,000 | ||||||
| Wells Fargo Government Money Market Fund, Select Class |
500,000 | 500,000 | ||||||
|
|
|
|||||||
| 3,500,000 | ||||||||
|
|
|
|||||||
| Total Securities Lending Reinvestments |
36,480,209 | |||||||
|
|
|
|||||||
| Total Investments—107.0% |
554,684,245 | |||||||
| Other assets and liabilities (net)—(7.0)% |
(36,523,374 | ) | ||||||
|
|
|
|||||||
| Net Assets—100.0% | $ | 518,160,871 | ||||||
|
|
|
|||||||
| * | Principal amount stated in U.S. dollars unless otherwise noted. | |||
| (a) | Non-income producing security. | |||
| (b) | All or a portion of the security was held on loan. As of September 30, 2021, the market value of securities loaned was $36,414,131 and the collateral received consisted of cash in the amount of $36,479,329 and non-cash collateral with a value of $1,404,940. The cash collateral investments are disclosed in the Schedule of Investments and categorized as Securities Lending Reinvestments. The non-cash collateral received consists of U.S. government securities that are held in safe-keeping by the lending agent, or a third- party custodian, and cannot be sold or repledged by the Portfolio. | |||
| (c) | Represents investment of cash collateral received from securities on loan as of September 30, 2021. | |||
| (d) | Variable or floating rate security. The stated rate represents the rate at September 30, 2021. Maturity date shown for callable securities reflects the earliest possible call date. For securities based on a published reference index and spread, the index and spread are indicated in the description above. For certain variable rate securities, the coupon rate is determined by the issuer/agent based on current market conditions. For certain asset- and mortgage-backed securities, the coupon rate may fluctuate based on changes of the underlying collateral or prepayments of principal. These securities do not indicate a reference index and spread in their description above. | |||
| (e) | The rate shown represents the annualized seven-day yield as of September 30, 2021. | |||
BHFTI-240
Brighthouse Funds Trust I
JPMorgan Small Cap Value Portfolio
Schedule of Investments as of September 30, 2021 (Unaudited)
Futures Contracts
| Futures Contracts—Long |
Expiration Date |
Number of Contracts |
Notional Amount |
Value/ Unrealized Appreciation/ (Depreciation) |
||||||||||||||||
| Russell 2000 Index E-Mini Futures |
12/17/21 | 64 | USD | 7,042,560 | $ | (144,675 | ) | |||||||||||||
|
|
|
|||||||||||||||||||
Glossary of Abbreviations
Currencies
| (USD)— | United States Dollar | |||
Index Abbreviations
| (OBFR)— | U.S. Overnight Bank Funding Rate | |||
Other Abbreviations
| (REIT)— | Real Estate Investment Trust | |||
Fair Value Hierarchy
Accounting principles generally accepted in the United States of America (“GAAP”) define fair market value as the price that the Portfolio would receive to sell an asset or pay to transfer a liability in an orderly transaction between market participants at the measurement date. It establishes a fair value hierarchy that prioritizes inputs to valuation methods and requires disclosure of the fair value hierarchy, separately for each major category of assets and liabilities, that segregates fair value measurements into three levels. Levels 1, 2 and 3 of the fair value hierarchy are defined as follows:
Level 1 - unadjusted quoted prices in active markets for identical investments
Level 2 - other significant observable inputs (including, but not limited to, quoted prices for similar assets or liabilities in markets that are either active or inactive; inputs other than quoted prices that are observable such as interest rates, yield curves, volatilities, prepayment speeds, loss severities, credit risks, default rates, or other market corroborated inputs)
Level 3 - significant unobservable inputs based on the best information available in the circumstances, to the extent observable inputs are unavailable (including the Portfolio’s own assumptions used in determining the fair value of investments and derivative financial instruments)
The inputs or methodologies used for valuing investments are not necessarily an indication of the risk associated with investing in them. Changes to the inputs or methodologies used may result in transfers between levels. A reconciliation of Level 3 securities, if any, will be disclosed following the fair value hierarchy table. For more information about the Portfolio’s policy regarding the valuation of investments, please refer to the Notes to Schedule of Investments.
The following table summarizes the fair value hierarchy of the Portfolio’s investments as of September 30, 2021:
| Description | Level 1 | Level 2 | Level 3 | Total | ||||||||||||
| Total Common Stocks* |
$ | 511,311,784 | $ | — | $ | — | $ | 511,311,784 | ||||||||
| Total Short-Term Investment* |
— | 6,892,252 | — | 6,892,252 | ||||||||||||
| Securities Lending Reinvestments |
||||||||||||||||
| Certificate of Deposit |
— | 999,994 | — | 999,994 | ||||||||||||
| Commercial Paper |
— | 999,073 | — | 999,073 | ||||||||||||
| Repurchase Agreements |
— | 28,681,142 | — | 28,681,142 | ||||||||||||
| Time Deposits |
— | 2,300,000 | — | 2,300,000 | ||||||||||||
| Mutual Funds |
3,500,000 | — | — | 3,500,000 | ||||||||||||
| Total Securities Lending Reinvestments |
3,500,000 | 32,980,209 | — | 36,480,209 | ||||||||||||
| Total Investments |
$ | 514,811,784 | $ | 39,872,461 | $ | — | $ | 554,684,245 | ||||||||
| Collateral for Securities Loaned (Liability) |
$ | — | $ | (36,479,329 | ) | $ | — | $ | (36,479,329 | ) | ||||||
| Futures Contracts |
||||||||||||||||
| Futures Contracts (Unrealized Depreciation) |
$ | (144,675 | ) $ | — | $ | — | $ | (144,675 | ) | |||||||
| * | See Schedule of Investments for additional detailed categorizations. | |||
BHFTI-241
Brighthouse Funds Trust I
Loomis Sayles Global Allocation Portfolio
Schedule of Investments as of September 30, 2021 (Unaudited)
Common Stocks—68.5% of Net Assets
| Security Description | Shares |
Value | ||||||
| Aerospace & Defense—1.0% | ||||||||
| Northrop Grumman Corp. |
13,549 | $ | 4,879,672 | |||||
|
|
|
|||||||
| Banks—1.9% | ||||||||
| HDFC Bank, Ltd. |
273,683 | 5,859,622 | ||||||
| M&T Bank Corp. |
23,523 | 3,512,925 | ||||||
|
|
|
|||||||
| 9,372,547 | ||||||||
|
|
|
|||||||
| Capital Markets—3.2% | ||||||||
| Goldman Sachs Group, Inc. (The) |
9,294 | 3,513,411 | ||||||
| S&P Global, Inc. |
28,922 | 12,288,668 | ||||||
|
|
|
|||||||
| 15,802,079 | ||||||||
|
|
|
|||||||
| Chemicals—3.9% | ||||||||
| Linde plc |
37,731 | 11,069,521 | ||||||
| Sherwin-Williams Co. (The) |
30,293 | 8,473,861 | ||||||
|
|
|
|||||||
| 19,543,382 | ||||||||
|
|
|
|||||||
| Commercial Services & Supplies—0.8% | ||||||||
| Copart, Inc. (a) |
26,908 | 3,732,678 | ||||||
|
|
|
|||||||
| Electronic Equipment, Instruments & Components—0.7% | ||||||||
| Halma plc |
88,313 | 3,368,767 | ||||||
|
|
|
|||||||
| Food & Staples Retailing—2.0% | ||||||||
| Costco Wholesale Corp. |
22,346 | 10,041,175 | ||||||
|
|
|
|||||||
| Health Care Equipment & Supplies—3.2% | ||||||||
| Danaher Corp. |
51,429 | 15,657,045 | ||||||
|
|
|
|||||||
| Health Care Providers & Services—2.2% | ||||||||
| UnitedHealth Group, Inc. |
27,568 | 10,771,920 | ||||||
|
|
|
|||||||
| Hotels, Restaurants & Leisure—4.0% | ||||||||
| Airbnb, Inc. - Class A (a) |
98,451 | 16,515,155 | ||||||
| Vail Resorts, Inc. (a) |
9,844 | 3,288,388 | ||||||
|
|
|
|||||||
| 19,803,543 | ||||||||
|
|
|
|||||||
| Industrial Conglomerates—1.9% | ||||||||
| Roper Technologies, Inc. |
20,717 | 9,242,475 | ||||||
|
|
|
|||||||
| Insurance—0.7% | ||||||||
| AIA Group, Ltd. |
291,800 | 3,359,826 | ||||||
|
|
|
|||||||
| Interactive Media & Services—5.3% | ||||||||
| Alphabet, Inc. - Class A (a) |
4,953 | 13,241,945 | ||||||
| Alphabet, Inc. - Class C (a) |
633 | 1,687,141 | ||||||
| Facebook, Inc. - Class A (a) |
33,148 | 11,250,100 | ||||||
|
|
|
|||||||
| 26,179,186 | ||||||||
|
|
|
|||||||
| Internet & Direct Marketing Retail—4.1% | ||||||||
| Alibaba Group Holding, Ltd. (ADR) (a) |
25,467 | 3,770,389 | ||||||
| Amazon.com, Inc. (a) |
4,404 | 14,467,316 | ||||||
| Internet & Direct Marketing Retail—(Continued) | ||||||||
| Farfetch, Ltd. - Class A (a) |
56,664 | 2,123,767 | ||||||
|
|
|
|||||||
| 20,361,472 | ||||||||
|
|
|
|||||||
| IT Services—6.4% | ||||||||
| Accenture plc - Class A |
30,981 | 9,911,441 | ||||||
| MasterCard, Inc. - Class A |
31,063 | 10,799,984 | ||||||
| Nomura Research Institute, Ltd. |
173,000 | 6,375,835 | ||||||
| VeriSign, Inc. (a) |
23,058 | 4,727,121 | ||||||
|
|
|
|||||||
| 31,814,381 | ||||||||
|
|
|
|||||||
| Leisure Products—1.4% | ||||||||
| Peloton Interactive, Inc. - Class A (a) |
82,637 | 7,193,551 | ||||||
|
|
|
|||||||
| Life Sciences Tools & Services—4.0% | ||||||||
| IQVIA Holdings, Inc. (a) |
55,455 | 13,283,691 | ||||||
| Mettler-Toledo International, Inc. (a) |
4,835 | 6,659,535 | ||||||
|
|
|
|||||||
| 19,943,226 | ||||||||
|
|
|
|||||||
| Machinery—3.4% | ||||||||
| Atlas Copco AB - A Shares |
95,199 | 5,774,800 | ||||||
| Cummins, Inc. |
48,887 | 10,978,065 | ||||||
|
|
|
|||||||
| 16,752,865 | ||||||||
|
|
|
|||||||
| Personal Products—1.8% | ||||||||
| Estee Lauder Cos., Inc. (The) - Class A |
28,938 | 8,679,374 | ||||||
|
|
|
|||||||
| Semiconductors & Semiconductor Equipment—8.9% | ||||||||
| ASML Holding NV |
23,416 | 17,273,335 | ||||||
| NVIDIA Corp. |
49,007 | 10,152,290 | ||||||
| Taiwan Semiconductor Manufacturing Co., Ltd. |
511,000 | 10,537,354 | ||||||
| Texas Instruments, Inc. |
31,439 | 6,042,890 | ||||||
|
|
|
|||||||
| 44,005,869 | ||||||||
|
|
|
|||||||
| Software—5.2% | ||||||||
| Dassault Systemes SE |
73,394 | 3,847,806 | ||||||
| Descartes Systems Group, Inc. (The) (a) |
36,409 | 2,963,657 | ||||||
| Dropbox, Inc. - Class A (a) |
173,474 | 5,068,910 | ||||||
| Salesforce.com, Inc. (a) |
51,847 | 14,061,943 | ||||||
|
|
|
|||||||
| 25,942,316 | ||||||||
|
|
|
|||||||
| Specialty Retail—1.7% | ||||||||
| Home Depot, Inc. (The) |
24,977 | 8,198,950 | ||||||
|
|
|
|||||||
| Textiles, Apparel & Luxury Goods—0.8% | ||||||||
| Canada Goose Holdings, Inc. (a) |
116,232 | 4,150,619 | ||||||
|
|
|
|||||||
| Total Common Stocks |
338,796,918 | |||||||
|
|
|
|||||||
| Corporate Bonds & Notes—14.9% |
| |||||||
| Aerospace/Defense—0.3% | ||||||||
| Boeing Co. (The) | ||||||||
| 2.196%, 02/04/26 |
245,000 | 246,806 | ||||||
BHFTI-242
Brighthouse Funds Trust I
Loomis Sayles Global Allocation Portfolio
Schedule of Investments as of September 30, 2021 (Unaudited)
Corporate Bonds & Notes—(Continued)
| Security Description | Principal Amount* |
Value | ||||||
| Aerospace/Defense—(Continued) | ||||||||
| Boeing Co. (The) | ||||||||
| 3.100%, 05/01/26 |
20,000 | $ | 21,139 | |||||
| 3.250%, 02/01/35 |
5,000 | 5,000 | ||||||
| 3.550%, 03/01/38 |
20,000 | 20,314 | ||||||
| 3.625%, 03/01/48 |
5,000 | 4,909 | ||||||
| 3.750%, 02/01/50 |
15,000 | 15,140 | ||||||
| 3.850%, 11/01/48 |
85,000 | 86,609 | ||||||
| 3.950%, 08/01/59 |
85,000 | 87,235 | ||||||
| Embraer Netherlands Finance B.V. |
370,000 | 389,425 | ||||||
| TransDigm, Inc. | ||||||||
| 5.500%, 11/15/27 |
85,000 | 87,337 | ||||||
| 7.500%, 03/15/27 |
5,000 | 5,238 | ||||||
| 8.000%, 12/15/25 (144A) |
340,000 | 362,525 | ||||||
|
|
|
|||||||
| 1,331,677 | ||||||||
|
|
|
|||||||
| Airlines—0.4% | ||||||||
| Air Canada Pass-Through Trust | ||||||||
| 3.300%, 01/15/30 (144A) |
194,672 | 198,604 | ||||||
| 4.125%, 12/15/27 (144A) |
132,806 | 130,725 | ||||||
| American Airlines Group, Inc. |
10,000 | 9,011 | ||||||
| American Airlines Pass-Through Trust | ||||||||
| 3.700%, 10/15/25 |
83,602 | 80,804 | ||||||
| 3.750%, 10/15/25 |
172,664 | 166,441 | ||||||
| 4.950%, 02/15/25 |
103,020 | 103,313 | ||||||
| American Airlines, Inc. |
415,000 | 513,562 | ||||||
| American Airlines, Inc./AAdvantage Loyalty IP, Ltd | ||||||||
| 5.500%, 04/20/26 (144A) |
25,000 | 26,281 | ||||||
| 5.750%, 04/20/29 (144A) |
30,000 | 32,325 | ||||||
| Mileage Plus Holdings LLC / Mileage Plus Intellectual Property |
285,000 | 309,915 | ||||||
| U.S. Airways Pass-Through Trust |
38,924 | 40,950 | ||||||
| United Airlines Pass-Through Trust | ||||||||
| 3.650%, 10/07/25 |
70,023 | 69,612 | ||||||
| 5.875%, 10/15/27 |
241,144 | 269,850 | ||||||
| United Airlines, Inc. | ||||||||
| 4.375%, 04/15/26 (144A) |
20,000 | 20,525 | ||||||
| 4.625%, 04/15/29 (144A) (b) |
30,000 | 31,004 | ||||||
|
|
|
|||||||
| 2,002,922 | ||||||||
|
|
|
|||||||
| Auto Manufacturers—0.8% | ||||||||
| Allison Transmission, Inc. |
105,000 | 109,200 | ||||||
| BMW U.S. Capital LLC | ||||||||
| 3.150%, 04/18/24 (144A) |
195,000 | 206,792 | ||||||
| 4.150%, 04/09/30 (144A) |
200,000 | 230,685 | ||||||
| Ford Motor Co. |
215,000 | 258,004 | ||||||
| General Motors Co. | ||||||||
| 5.200%, 04/01/45 |
265,000 | 322,703 | ||||||
| 6.250%, 10/02/43 |
55,000 | 74,082 | ||||||
| Auto Manufacturers—(Continued) | ||||||||
| General Motors Financial of Canada, Ltd. |
110,000 | 90,269 | ||||||
| Hyundai Capital America | ||||||||
| 0.875%, 06/14/24 (144A) |
350,000 | 348,156 | ||||||
| 2.650%, 02/10/25 (144A) |
110,000 | 114,260 | ||||||
| 2.750%, 09/27/26 (144A) |
500,000 | 518,316 | ||||||
| 6.375%, 04/08/30 (144A) |
175,000 | 224,720 | ||||||
| Hyundai Capital Services, Inc. |
260,000 | 270,615 | ||||||
| Kia Corp. | ||||||||
| 1.750%, 10/16/26 (144A) |
200,000 | 200,497 | ||||||
| 3.000%, 04/25/23 (144A) |
380,000 | 393,815 | ||||||
| Nissan Motor Acceptance Co. LLC |
250,000 | 249,530 | ||||||
| Toyota Motor Corp. |
305,000 | 315,380 | ||||||
|
|
|
|||||||
| 3,927,024 | ||||||||
|
|
|
|||||||
| Auto Parts & Equipment—0.0% | ||||||||
| Aptiv plc |
100,000 | 123,912 | ||||||
|
|
|
|||||||
| Banks—2.6% | ||||||||
| ANZ New Zealand International Ltd. |
375,000 | 373,382 | ||||||
| Banco Bilbao Vizcaya Argentaria S.A. |
400,000 | 468,386 | ||||||
| Banco Bradesco S.A. |
200,000 | 203,102 | ||||||
| Banco Santander S.A. | ||||||||
| 1.722%, 1Y H15 + 0.900%, 09/14/27 (c) |
200,000 | 199,071 | ||||||
| 3.125%, 02/23/23 |
200,000 | 207,122 | ||||||
| Bank of America Corp. |
255,000 | 254,892 | ||||||
| Bank of Montreal |
500,000 | 492,217 | ||||||
| Bank of New Zealand |
250,000 | 245,962 | ||||||
| Bank of Nova Scotia (The) | ||||||||
| 1.050%, 03/02/26 |
295,000 | 291,675 | ||||||
| 1.300%, 09/15/26 |
260,000 | 258,089 | ||||||
| 1.900%, 12/02/21 (CAD) |
320,000 | 253,317 | ||||||
| Barclays plc |
225,000 | 241,775 | ||||||
| BNP Paribas S.A. |
355,000 | 398,804 | ||||||
| Cooperative Rabobank UA |
350,000 | 388,020 | ||||||
| Credit Agricole S.A. |
665,000 | 709,232 | ||||||
| 4.375%, 03/17/25 (144A) |
200,000 | 217,990 | ||||||
| Credit Suisse Group AG | ||||||||
| 3.091%, SOFR + 1.730%, 05/14/32 (144A) (c) |
250,000 | 255,631 | ||||||
| 4.194%, SOFR + 3.730%, 04/01/31 (144A) (c) |
250,000 | 280,012 | ||||||
BHFTI-243
Brighthouse Funds Trust I
Loomis Sayles Global Allocation Portfolio
Schedule of Investments as of September 30, 2021 (Unaudited)
Corporate Bonds & Notes—(Continued)
| Security Description | Principal Amount* |
Value | ||||||
| Banks—(Continued) | ||||||||
| DNB Bank ASA |
410,000 | $ | 410,187 | |||||
| Goldman Sachs Group, Inc. |
255,000 | 255,042 | ||||||
| Industrial & Commercial Bank of China, Ltd. |
250,000 | 255,815 | ||||||
| ING Groep NV |
205,000 | 205,522 | ||||||
| Itau Unibanco Holding S.A. |
200,000 | 203,002 | ||||||
| Kookmin Bank |
315,000 | 314,332 | ||||||
| Kreditanstalt fuer Wiederaufbau |
4,220,000 | 483,822 | ||||||
| Lloyds Banking Group plc | ||||||||
| 3.870%, 1Y H15 + 3.500%, 07/09/25 (c) |
200,000 | 215,638 | ||||||
| 4.500%, 11/04/24 |
200,000 | 219,621 | ||||||
| Macquarie Group Ltd. |
425,000 | 422,926 | ||||||
| Mizuho Financial Group, Inc. |
205,000 | 202,110 | ||||||
| NatWest Markets plc |
200,000 | 199,578 | ||||||
| Nordea Bank Abp |
410,000 | 405,380 | ||||||
| Royal Bank of Canada | ||||||||
| 0.875%, 01/20/26 |
305,000 | 300,245 | ||||||
| 1.200%, 04/27/26 |
235,000 | 233,547 | ||||||
| 2.250%, 11/01/24 |
350,000 | 365,351 | ||||||
| Santander Holdings U.S.A., Inc. |
100,000 | 107,075 | ||||||
| Societe Generale S.A. |
260,000 | 288,536 | ||||||
| Standard Chartered plc |
250,000 | 316,568 | ||||||
| Sumitomo Mitsui Financial Group, Inc. |
310,000 | 307,459 | ||||||
| TC Ziraat Bankasi AS |
250,000 | 242,560 | ||||||
| Toronto-Dominion Bank (The) |
335,000 | 353,899 | ||||||
| UniCredit S.p.A. |
325,000 | 394,007 | ||||||
| Westpac Banking Corp. |
400,000 | 425,409 | ||||||
|
|
|
|||||||
| 12,866,310 | ||||||||
|
|
|
|||||||
| Beverages—0.1% | ||||||||
| Anheuser-Busch InBev S.A. |
345,000 | 441,571 | ||||||
| Diageo Capital plc |
200,000 | 198,872 | ||||||
|
|
|
|||||||
| 640,443 | ||||||||
|
|
|
|||||||
| Building Materials—0.3% | ||||||||
| Cemex S.A.B. de C.V. |
400,000 | 400,240 | ||||||
| JELD-WEN, Inc. |
975,000 | 989,946 | ||||||
| Masco Corp. |
8,000 | 10,573 | ||||||
| 7.750%, 08/01/29 |
94,000 | 126,508 | ||||||
|
|
|
|||||||
| 1,527,267 | ||||||||
|
|
|
|||||||
| Chemicals—0.3% | ||||||||
| Ashland LLC |
135,000 | 136,181 | ||||||
| Braskem Netherlands Finance B.V. | ||||||||
| 4.500%, 01/10/28 |
200,000 | 212,480 | ||||||
| 4.500%, 01/31/30 |
200,000 | 212,800 | ||||||
| LG Chem, Ltd. |
200,000 | 213,523 | ||||||
| Minerals Technologies, Inc. |
125,000 | 129,688 | ||||||
| Orbia Advance Corp. S.A.B. de C.V. |
| |||||||
| 1.875%, 05/11/26 (144A) |
210,000 | 210,344 | ||||||
| 4.000%, 10/04/27 |
200,000 | 218,002 | ||||||
|
|
|
|||||||
| 1,333,018 | ||||||||
|
|
|
|||||||
| Commercial Services—0.2% | ||||||||
| Adani Ports & Special Economic Zone, Ltd. |
| |||||||
| 3.100%, 02/02/31 (144A) |
200,000 | 191,108 | ||||||
| 4.200%, 08/04/27 |
280,000 | 293,700 | ||||||
| Edenred |
200,000 | 249,569 | ||||||
| Holding d’Infrastructures de Transport SAS |
| |||||||
| 0.625%, 03/27/23 (EUR) |
100,000 | 116,925 | ||||||
| 1.625%, 11/27/27 (EUR) |
100,000 | 123,027 | ||||||
| Square, Inc. |
55,000 | 56,415 | ||||||
| TriNet Group, Inc. |
85,000 | 85,212 | ||||||
|
|
|
|||||||
| 1,115,956 | ||||||||
|
|
|
|||||||
| Cosmetics/Personal Care—0.0% | ||||||||
| Avon Products, Inc. |
40,000 | 50,600 | ||||||
|
|
|
|||||||
| Diversified Financial Services—1.0% | ||||||||
| Aircastle, Ltd. |
35,000 | 35,816 | ||||||
| Ally Financial, Inc. |
| |||||||
| 4.700%, 5Y H15 + 3.868%, 05/15/26 (b) (c) |
125,000 | 130,106 | ||||||
| 4.700%, 7Y H15 + 3.481%, 05/15/28 (c) |
105,000 | 109,725 | ||||||
| Antares Holdings L.P. |
255,000 | 275,865 | ||||||
| BOC Aviation, Ltd. |
210,000 | 213,230 | ||||||
| Brookfield Finance I UK plc |
175,000 | 172,194 | ||||||
BHFTI-244
Brighthouse Funds Trust I
Loomis Sayles Global Allocation Portfolio
Schedule of Investments as of September 30, 2021 (Unaudited)
Corporate Bonds & Notes—(Continued)
| Security Description | Principal Amount* |
Value | ||||||
| Diversified Financial Services—(Continued) | ||||||||
| Brookfield Finance, Inc. |
185,000 | $ | 205,240 | |||||
| Nationstar Mortgage Holdings, Inc. |
130,000 | 133,900 | ||||||
| Navient Corp. |
260,000 | 247,325 | ||||||
| OneMain Finance Corp. |
| |||||||
| 5.625%, 03/15/23 |
135,000 | 141,999 | ||||||
| 8.250%, 10/01/23 |
65,000 | 72,639 | ||||||
| Power Finance Corp., Ltd. |
200,000 | 204,318 | ||||||
| Rocket Mortgage LLC |
70,000 | 75,425 | ||||||
| Rocket Mortgage LLC / Rocket Mortgage Co-Issuer, Inc. |
| |||||||
| 2.875%, 10/15/26 (144A) |
410,000 | 400,652 | ||||||
| 3.625%, 03/01/29 (144A) |
720,000 | 728,100 | ||||||
| 3.875%, 03/01/31 (144A) |
1,085,000 | 1,094,494 | ||||||
| 4.000%, 10/15/33 (144A) |
270,000 | 267,975 | ||||||
| Unifin Financiera S.A.B. de C.V. |
| |||||||
| 7.250%, 09/27/23 |
245,000 | 245,919 | ||||||
| 9.875%, 01/28/29 (b) |
250,000 | 251,252 | ||||||
|
|
|
|||||||
| 5,006,174 | ||||||||
|
|
|
|||||||
| Electric—0.6% | ||||||||
| AES Corp. (The) |
20,000 | 21,992 | ||||||
| Colbun S.A. |
295,000 | 303,113 | ||||||
| Edison International |
20,000 | 22,021 | ||||||
| EDP Finance B.V. |
205,000 | 201,467 | ||||||
| Empresas Publicas de Medellin E.S.P. |
200,000 | 199,150 | ||||||
| Enel Chile S.A. |
110,000 | 125,950 | ||||||
| Engie Energia Chile S.A. |
305,000 | 313,387 | ||||||
| Engie S.A. |
200,000 | 233,924 | ||||||
| Korea East-West Power Co., Ltd. |
200,000 | 203,328 | ||||||
| Naturgy Finance B.V. |
200,000 | 248,754 | ||||||
| NRG Energy, Inc. |
80,000 | 78,580 | ||||||
| Orsted AS |
215,000 | 301,947 | ||||||
| Pacific Gas and Electric Co. |
| |||||||
| 3.500%, 08/01/50 |
130,000 | 118,227 | ||||||
| 3.950%, 12/01/47 |
175,000 | 168,408 | ||||||
| Transelec S.A. |
460,000 | 499,680 | ||||||
|
|
|
|||||||
| 3,039,928 | ||||||||
|
|
|
|||||||
| Energy-Alternate Sources—0.0% | ||||||||
| Aydem Yenilenebilir Enerji AS |
210,000 | 204,540 | ||||||
|
|
|
|||||||
| Engineering & Construction—0.1% | ||||||||
| Cellnex Telecom S.A. |
400,000 | 456,228 | ||||||
| Sydney Airport Finance Co. Pty, Ltd. |
40,000 | 42,438 | ||||||
| TopBuild Corp. |
40,000 | 40,400 | ||||||
|
|
|
|||||||
| 539,066 | ||||||||
|
|
|
|||||||
| Entertainment—0.1% | ||||||||
| Everi Holdings, Inc. |
10,000 | 10,247 | ||||||
| Penn National Gaming, Inc. |
35,000 | 34,594 | ||||||
| Scientific Games International, Inc. |
| |||||||
| 7.000%, 05/15/28 (144A) |
110,000 | 118,663 | ||||||
| 7.250%, 11/15/29 (144A) |
60,000 | 67,418 | ||||||
|
|
|
|||||||
| 230,922 | ||||||||
|
|
|
|||||||
| Food—0.4% | ||||||||
| BRF S.A. |
365,000 | 365,456 | ||||||
| Fonterra Co-operative Group, Ltd. |
500,000 | 403,300 | ||||||
| JBS USA LUX S.A. / JBS USA Food Co. / JBS USA Finance, Inc. |
80,000 | 83,242 | ||||||
| Kraft Heinz Foods Co. |
| |||||||
| 4.375%, 06/01/46 |
295,000 | 335,657 | ||||||
| 5.500%, 06/01/50 |
165,000 | 217,696 | ||||||
| Pilgrim’s Pride Corp. |
100,000 | 101,688 | ||||||
| Sigma Alimentos S.A. de C.V. |
200,000 | 218,406 | ||||||
|
|
|
|||||||
| 1,725,445 | ||||||||
|
|
|
|||||||
| Forest Products & Paper—0.2% | ||||||||
| Celulosa Arauco y Constitucion S.A. |
200,000 | 216,246 | ||||||
| Inversiones CMPC S.A. |
400,000 | 417,200 | ||||||
| Suzano Austria GmbH |
| |||||||
| 2.500%, 09/15/28 |
255,000 | 247,987 | ||||||
| 3.125%, 01/15/32 |
125,000 | 120,719 | ||||||
| 3.750%, 01/15/31 |
60,000 | 61,635 | ||||||
|
|
|
|||||||
| 1,063,787 | ||||||||
|
|
|
|||||||
| Healthcare-Products—0.1% | ||||||||
| DH Europe Finance II S.a.r.l. |
140,000 | 163,141 | ||||||
| Medtronic Global Holdings Co. |
105,000 | 127,912 | ||||||
|
|
|
|||||||
| 291,053 | ||||||||
|
|
|
|||||||
BHFTI-245
Brighthouse Funds Trust I
Loomis Sayles Global Allocation Portfolio
Schedule of Investments as of September 30, 2021 (Unaudited)
Corporate Bonds & Notes—(Continued)
| Security Description | Principal Amount* |
Value | ||||||
| Healthcare-Services—0.1% | ||||||||
| Catalent Pharma Solutions, Inc. |
30,000 | $ | 29,458 | |||||
| Centene Corp. |
| |||||||
| 2.500%, 03/01/31 |
275,000 | 271,219 | ||||||
| 2.625%, 08/01/31 |
5,000 | 4,966 | ||||||
| 3.000%, 10/15/30 |
115,000 | 117,875 | ||||||
| Charles River Laboratories International, Inc. |
| |||||||
| 3.750%, 03/15/29 (144A) |
20,000 | 20,425 | ||||||
| 4.000%, 03/15/31 (144A) |
20,000 | 20,955 | ||||||
| Tenet Healthcare Corp. |
130,000 | 149,175 | ||||||
|
|
|
|||||||
| 614,073 | ||||||||
|
|
|
|||||||
| Holding Companies-Diversified—0.1% | ||||||||
| CK Hutchison International 19, Ltd. |
225,000 | 246,150 | ||||||
|
|
|
|||||||
| Home Builders—0.0% | ||||||||
| Beazer Homes USA, Inc. |
120,000 | 132,150 | ||||||
|
|
|
|||||||
| Insurance—0.2% | ||||||||
| AIA Group, Ltd. |
| |||||||
| 3.200%, 03/11/25 (144A) |
200,000 | 211,604 | ||||||
| 3.600%, 04/09/29 |
200,000 | 219,009 | ||||||
| 3.900%, 04/06/28 (144A) |
260,000 | 289,120 | ||||||
| Athene Global Funding |
100,000 | 99,928 | ||||||
|
|
|
|||||||
| 819,661 | ||||||||
|
|
|
|||||||
| Internet—1.0% | ||||||||
| Alibaba Group Holding, Ltd. |
240,000 | 257,065 | ||||||
| Baidu, Inc. |
200,000 | 211,176 | ||||||
| Expedia Group, Inc. |
400,000 | 404,224 | ||||||
| Go Daddy Operating Co. LLC / GD Finance Co., Inc. |
95,000 | 94,169 | ||||||
| Netflix, Inc. |
| |||||||
| 4.875%, 04/15/28 |
90,000 | 103,725 | ||||||
| 4.875%, 06/15/30 (144A) |
235,000 | 276,713 | ||||||
| 5.375%, 11/15/29 (144A) |
25,000 | 30,281 | ||||||
| Tencent Holdings, Ltd. |
| |||||||
| 2.985%, 01/19/23 (144A) |
200,000 | 205,320 | ||||||
| 3.280%, 04/11/24 (144A) |
200,000 | 210,962 | ||||||
| Uber Technologies, Inc. |
| |||||||
| 4.500%, 08/15/29 (144A) |
1,285,000 | 1,293,834 | ||||||
| 6.250%, 01/15/28 (144A) |
1,175,000 | 1,260,176 | ||||||
| 7.500%, 09/15/27 (144A) |
120,000 | 131,025 | ||||||
| Weibo Corp. |
200,000 | 208,344 | ||||||
|
|
|
|||||||
| 4,687,014 | ||||||||
|
|
|
|||||||
| Investment Companies—0.5% | ||||||||
| Icahn Enterprises L.P. / Icahn Enterprises Finance Corp. |
1,185,000 | 1,183,519 | ||||||
| Owl Rock Capital Corp. |
| |||||||
| 2.875%, 06/11/28 |
270,000 | 269,496 | ||||||
| 4.250%, 01/15/26 |
480,000 | 515,185 | ||||||
| Owl Rock Technology Finance Corp. |
| |||||||
| 2.500%, 01/15/27 |
160,000 | 160,620 | ||||||
| 4.750%, 12/15/25 (144A) |
230,000 | 251,424 | ||||||
|
|
|
|||||||
| 2,380,244 | ||||||||
|
|
|
|||||||
| Iron/Steel—0.0% | ||||||||
| ArcelorMittal S.A. |
95,000 | 130,566 | ||||||
|
|
|
|||||||
| Leisure Time—0.3% | ||||||||
| Carnival Corp. |
500,000 | 516,875 | ||||||
| NCL Corp., Ltd. |
425,000 | 435,625 | ||||||
| NCL Finance, Ltd. |
85,000 | 88,187 | ||||||
| Royal Caribbean Cruises, Ltd. |
| |||||||
| 4.250%, 07/01/26 (144A) |
50,000 | 48,978 | ||||||
| 5.500%, 04/01/28 (144A) |
450,000 | 460,264 | ||||||
|
|
|
|||||||
| 1,549,929 | ||||||||
|
|
|
|||||||
| Lodging—0.1% | ||||||||
| Hilton Grand Vacations Borrower Escrow LLC / Hilton Grand |
| |||||||
| 4.875%, 07/01/31 (144A) |
65,000 | 65,244 | ||||||
| 5.000%, 06/01/29 (144A) |
50,000 | 51,000 | ||||||
| Marriott Ownership Resorts, Inc. |
90,000 | 91,125 | ||||||
| Travel + Leisure Co. |
| |||||||
| 4.625%, 03/01/30 (144A) |
65,000 | 66,787 | ||||||
| 6.000%, 04/01/27 |
10,000 | 11,082 | ||||||
| 6.625%, 07/31/26 (144A) |
10,000 | 11,388 | ||||||
|
|
|
|||||||
| 296,626 | ||||||||
|
|
|
|||||||
| Machinery-Diversified—0.0% | ||||||||
| John Deere Capital Corp. |
125,000 | 124,644 | ||||||
|
|
|
|||||||
| Media—0.9% | ||||||||
| AMC Networks, Inc. |
45,000 | 44,775 | ||||||
| Cable Onda S.A. |
200,000 | 209,800 | ||||||
| CCO Holdings LLC / CCO Holdings Capital Corp. |
| |||||||
| 4.250%, 02/01/31 (144A) |
1,325,000 | 1,347,989 | ||||||
| 4.250%, 01/15/34 (144A) |
225,000 | 222,891 | ||||||
| Charter Communications Operating LLC / Charter Communications |
||||||||
| 3.950%, 06/30/62 |
115,000 | 110,939 | ||||||
| 4.400%, 12/01/61 |
680,000 | 707,173 | ||||||
BHFTI-246
Brighthouse Funds Trust I
Loomis Sayles Global Allocation Portfolio
Schedule of Investments as of September 30, 2021 (Unaudited)
Corporate Bonds & Notes—(Continued)
| Security Description | Principal Amount* |
Value | ||||||
| Media—(Continued) | ||||||||
| Clear Channel Worldwide Holdings, Inc. |
130,000 | $ | 134,525 | |||||
| CSC Holdings LLC |
200,000 | 209,000 | ||||||
| DIRECTV Holdings LLC / DIRECTV Financing Co., Inc. |
40,000 | 41,750 | ||||||
| DISH DBS Corp. |
| |||||||
| 5.125%, 06/01/29 |
75,000 | 73,484 | ||||||
| 5.875%, 11/15/24 |
475,000 | 510,758 | ||||||
| Grupo Televisa S.A.B. |
6,000,000 | 202,282 | ||||||
| iHeartCommunications, Inc. |
| |||||||
| 4.750%, 01/15/28 (144A) |
120,000 | 123,660 | ||||||
| 5.250%, 08/15/27 (144A) |
70,000 | 72,734 | ||||||
| 8.375%, 05/01/27 (b) |
235,000 | 251,156 | ||||||
| Time Warner Cable LLC |
| |||||||
| 4.500%, 09/15/42 |
45,000 | 49,245 | ||||||
| 5.500%, 09/01/41 |
30,000 | 36,768 | ||||||
| Videotron, Ltd. |
230,000 | 238,050 | ||||||
|
|
|
|||||||
| 4,586,979 | ||||||||
|
|
|
|||||||
| Mining—0.6% | ||||||||
| Anglo American Capital plc |
| |||||||
| 2.625%, 09/10/30 (144A) |
200,000 | 198,662 | ||||||
| 5.625%, 04/01/30 (144A) |
200,000 | 241,385 | ||||||
| Corp. Nacional del Cobre de Chile |
285,000 | 291,241 | ||||||
| FMG Resources Pty, Ltd. |
85,000 | 87,835 | ||||||
| Freeport-McMoRan, Inc. |
| |||||||
| 4.375%, 08/01/28 |
325,000 | 340,031 | ||||||
| 5.400%, 11/14/34 |
745,000 | 894,931 | ||||||
| 5.450%, 03/15/43 |
310,000 | 381,687 | ||||||
| Glencore Funding LLC |
410,000 | 411,350 | ||||||
| Novelis Corp. |
50,000 | 52,635 | ||||||
|
|
|
|||||||
| 2,899,757 | ||||||||
|
|
|
|||||||
| Multi-National—0.3% | ||||||||
| International Bank for Reconstruction & Development |
1,315,000 | 1,031,527 | ||||||
| Nordic Investment Bank |
4,930,000 | 564,708 | ||||||
|
|
|
|||||||
| 1,596,235 | ||||||||
|
|
|
|||||||
| Oil & Gas—0.8% | ||||||||
| BP Capital Markets America, Inc. |
175,000 | 184,609 | ||||||
| Continental Resources, Inc. |
| |||||||
| 3.800%, 06/01/24 |
30,000 | 31,524 | ||||||
| 5.750%, 01/15/31 (144A) |
85,000 | 102,744 | ||||||
| Cosan Luxembourg S.A. |
200,000 | 199,500 | ||||||
| Oil & Gas—(Continued) | ||||||||
| Ecopetrol S.A. |
325,000 | 328,250 | ||||||
| Empresa Nacional del Petroleo |
205,000 | 201,310 | ||||||
| EQT Corp. |
| |||||||
| 3.125%, 05/15/26 (144A) |
10,000 | 10,251 | ||||||
| 3.625%, 05/15/31 (144A) (b) |
15,000 | 15,630 | ||||||
| Equinor ASA |
355,000 | 396,637 | ||||||
| Occidental Petroleum Corp. |
| |||||||
| 6.625%, 09/01/30 (b) |
280,000 | 345,100 | ||||||
| 8.875%, 07/15/30 |
220,000 | 298,854 | ||||||
| Ovintiv, Inc. |
| |||||||
| 6.500%, 08/15/34 |
10,000 | 13,487 | ||||||
| 6.500%, 02/01/38 |
5,000 | 6,878 | ||||||
| 6.625%, 08/15/37 |
25,000 | 34,286 | ||||||
| 7.200%, 11/01/31 |
5,000 | 6,710 | ||||||
| 7.375%, 11/01/31 |
5,000 | 6,782 | ||||||
| 8.125%, 09/15/30 |
10,000 | 13,758 | ||||||
| Petrobras Global Finance B.V. |
315,000 | 355,320 | ||||||
| Petroleos Mexicanos |
450,000 | 436,230 | ||||||
| Qatar Petroleum |
305,000 | 302,072 | ||||||
| Raizen Fuels Finance S.A. |
200,000 | 224,240 | ||||||
| Range Resources Corp. |
||||||||
| 4.875%, 05/15/25 |
130,000 | 137,254 | ||||||
| 5.000%, 03/15/23 |
86,000 | 89,225 | ||||||
| Thaioil Treasury Center Co., Ltd. |
350,000 | 359,878 | ||||||
|
|
|
|||||||
| 4,100,529 | ||||||||
|
|
|
|||||||
| Packaging & Containers—0.0% | ||||||||
| Silgan Holdings, Inc. |
100,000 | 116,758 | ||||||
|
|
|
|||||||
| Pharmaceuticals—0.5% | ||||||||
| Teva Pharmaceutical Finance Co. LLC |
250,000 | 273,285 | ||||||
| Teva Pharmaceutical Finance Netherlands III B.V. |
||||||||
| 3.150%, 10/01/26 |
455,000 | 435,663 | ||||||
| 4.100%, 10/01/46 |
2,080,000 | 1,794,000 | ||||||
|
|
|
|||||||
| 2,502,948 | ||||||||
|
|
|
|||||||
| Pipelines—0.2% | ||||||||
| Abu Dhabi Crude Oil Pipeline LLC |
385,000 | 427,831 | ||||||
| Enbridge Energy Partners L.P. |
90,000 | 141,922 | ||||||
| Enbridge, Inc. |
125,000 | 127,224 | ||||||
| EnLink Midstream Partners L.P. |
60,000 | 57,890 | ||||||
BHFTI-247
Brighthouse Funds Trust I
Loomis Sayles Global Allocation Portfolio
Schedule of Investments as of September 30, 2021 (Unaudited)
Corporate Bonds & Notes—(Continued)
| Security Description | Principal Amount* |
Value | ||||||
| Pipelines—(Continued) | ||||||||
| Hess Midstream Operations L.P. |
25,000 | $ | 25,281 | |||||
| MPLX L.P. |
||||||||
| 4.500%, 07/15/23 |
10,000 | 10,587 | ||||||
| 4.875%, 06/01/25 |
40,000 | 44,701 | ||||||
|
|
|
|||||||
| 835,436 | ||||||||
|
|
|
|||||||
| Real Estate—0.2% | ||||||||
| Country Garden Holdings Co., Ltd. |
||||||||
| 2.700%, 07/12/26 |
270,000 | 250,808 | ||||||
| 8.000%, 01/27/24 |
245,000 | 253,156 | ||||||
| Goodman Australia Industrial Fund Bond Issuer Pty, Ltd. |
215,000 | 232,670 | ||||||
| Shimao Group Holdings, Ltd. |
285,000 | 253,770 | ||||||
| Sunac China Holdings, Ltd. |
225,000 | 177,300 | ||||||
|
|
|
|||||||
| 1,167,704 | ||||||||
|
|
|
|||||||
| Real Estate Investment Trusts—0.2% | ||||||||
| Iron Mountain, Inc. |
125,000 | 130,937 | ||||||
| Prologis Euro Finance LLC |
||||||||
| 0.250%, 09/10/27 (EUR) |
320,000 | 370,935 | ||||||
| 0.375%, 02/06/28 (EUR) |
110,000 | 128,132 | ||||||
| Prologis L.P. |
135,000 | 190,726 | ||||||
| Realty Income Corp. |
125,000 | 165,124 | ||||||
| SBA Communications Corp. |
155,000 | 149,769 | ||||||
|
|
|
|||||||
| 1,135,623 | ||||||||
|
|
|
|||||||
| Retail—0.1% | ||||||||
| 1011778 BC ULC / New Red Finance, Inc. |
80,000 | 79,200 | ||||||
| Carvana Co. |
180,000 | 183,726 | ||||||
| Lithia Motors, Inc. |
35,000 | 36,329 | ||||||
| Yum! Brands, Inc. |
175,000 | 186,812 | ||||||
|
|
|
|||||||
| 486,067 | ||||||||
|
|
|
|||||||
| Semiconductors—0.1% | ||||||||
| Broadcom, Inc. |
85,000 | 84,753 | ||||||
| SK Hynix, Inc. |
300,000 | 291,186 | ||||||
| Skyworks Solutions, Inc. |
15,000 | 15,199 | ||||||
|
|
|
|||||||
| 391,138 | ||||||||
|
|
|
|||||||
| Software—0.0% | ||||||||
| MSCI, Inc. |
50,000 | 50,573 | ||||||
|
|
|
|||||||
| Telecommunications—1.2% | ||||||||
| America Movil S.A.B. de C.V. |
||||||||
| 2.125%, 03/10/28 (EUR) |
235,000 | 301,421 | ||||||
| 2.875%, 05/07/30 |
200,000 | 208,054 | ||||||
| AT&T, Inc. |
||||||||
| 3.500%, 09/15/53 |
45,000 | 44,537 | ||||||
| 3.650%, 09/15/59 |
147,000 | 146,548 | ||||||
| Bharti Airtel, Ltd. |
305,000 | 306,642 | ||||||
| Cincinnati Bell, Inc. |
15,000 | 15,633 | ||||||
| CommScope Technologies LLC |
580,000 | 551,673 | ||||||
| CommScope, Inc. |
730,000 | 729,087 | ||||||
| KT Corp. |
210,000 | 219,601 | ||||||
| Millicom International Cellular S.A. |
||||||||
| 6.250%, 03/25/29 (144A) |
180,000 | 197,100 | ||||||
| 6.625%, 10/15/26 |
180,000 | 189,180 | ||||||
| MTN Mauritius Investments, Ltd. |
||||||||
| 4.755%, 11/11/24 |
200,000 | 209,240 | ||||||
| 4.755%, 11/11/24 (144A) |
400,000 | 418,481 | ||||||
| Ooredoo International Finance, Ltd. |
250,000 | 254,560 | ||||||
| T-Mobile USA, Inc. |
| |||||||
| 3.375%, 04/15/29 |
760,000 | 792,870 | ||||||
| 3.500%, 04/15/31 |
425,000 | 448,220 | ||||||
| 3.875%, 04/15/30 |
355,000 | 391,978 | ||||||
| Turk Telekomunikasyon AS |
360,000 | 389,268 | ||||||
| Turkcell Iletisim Hizmetleri AS |
215,000 | 228,179 | ||||||
| Verizon Communications, Inc. |
40,000 | 39,039 | ||||||
|
|
|
|||||||
| 6,081,311 | ||||||||
|
|
|
|||||||
| Total Corporate Bonds & Notes |
73,952,159 | |||||||
|
|
|
|||||||
| Foreign Government—9.2% |
| |||||||
| Banks—0.1% | ||||||||
| Corp. Financiera de Desarrollo S.A. |
365,000 | 361,719 | ||||||
|
|
|
|||||||
| Gas—0.1% | ||||||||
| Korea Gas Corp. |
260,000 | 264,797 | ||||||
|
|
|
|||||||
BHFTI-248
Brighthouse Funds Trust I
Loomis Sayles Global Allocation Portfolio
Schedule of Investments as of September 30, 2021 (Unaudited)
Foreign Government—(Continued)
| Security Description | Principal Amount* |
Value | ||||||
| Regional Government—0.2% | ||||||||
| New South Wales Treasury Corp. |
1,480,000 | $ | 1,069,089 | |||||
| Province of Quebec Canada |
310,000 | 253,499 | ||||||
|
|
|
|||||||
| 1,322,588 | ||||||||
|
|
|
|||||||
| Sovereign—8.7% | ||||||||
| Australia Government Bond |
950,000 | 744,814 | ||||||
| Brazil Notas do Tesouro Nacional |
2,451,000 | 423,773 | ||||||
| Brazilian Government International Bonds |
||||||||
| 4.500%, 05/30/29 |
340,000 | 348,942 | ||||||
| 4.625%, 01/13/28 |
290,000 | 304,848 | ||||||
| Canadian Government Bonds |
||||||||
| 0.500%, 03/01/22 (CAD) |
535,000 | 422,969 | ||||||
| 0.500%, 09/01/25 (CAD) |
6,835,000 | 5,299,580 | ||||||
| Chile Government International Bond |
350,000 | 346,791 | ||||||
| China Government Bonds |
||||||||
| 2.200%, 07/27/25 (CNY) |
11,000,000 | 1,683,683 | ||||||
| 3.390%, 05/21/25 (CNY) |
1,000,000 | 159,509 | ||||||
| 3.900%, 07/04/36 (CNY) |
3,000,000 | 511,065 | ||||||
| 4.000%, 11/30/35 (CNY) |
7,500,000 | 1,322,648 | ||||||
| Colombia Government International Bond |
200,000 | 207,274 | ||||||
| Colombian TES |
||||||||
| 6.250%, 11/26/25 (COP) |
1,305,500,000 | 343,363 | ||||||
| 7.500%, 08/26/26 (COP) |
4,868,600,000 | 1,324,283 | ||||||
| Dominican Republic International Bonds |
||||||||
| 4.500%, 01/30/30 (144A) |
235,000 | 239,115 | ||||||
| 4.875%, 09/23/32 (144A) |
150,000 | 153,002 | ||||||
| 6.000%, 07/19/28 (144A) |
200,000 | 226,002 | ||||||
| 8.625%, 04/20/27 (144A) |
200,000 | 241,400 | ||||||
| Egypt Government International Bonds |
| |||||||
| 5.250%, 10/06/25 |
200,000 | 204,040 | ||||||
| 7.625%, 05/29/32 |
200,000 | 199,306 | ||||||
| Export Development Canada |
250,000 | 199,972 | ||||||
| Export-Import Bank of India |
310,000 | 287,618 | ||||||
| Export-Import Bank of Korea |
||||||||
| 3.000%, 11/01/22 |
200,000 | 205,535 | ||||||
| 6.750%, 08/09/22 (INR) |
17,900,000 | 245,408 | ||||||
| 6.900%, 02/07/23 (INR) |
70,500,000 | 970,953 | ||||||
| French Republic Government Bond OAT |
390,000 | 497,907 | ||||||
| Indonesia Government International Bonds |
||||||||
| 2.850%, 02/14/30 |
200,000 | 206,462 | ||||||
| 4.125%, 01/15/25 (144A) |
200,000 | 218,712 | ||||||
| 4.750%, 01/08/26 |
200,000 | 226,937 | ||||||
| 4.750%, 01/08/26 (144A) |
200,000 | 226,937 | ||||||
| Indonesia Treasury Bonds |
||||||||
| 7.000%, 09/15/30 (IDR) |
5,500,000,000 | 402,917 | ||||||
| 7.500%, 05/15/38 (IDR) |
6,358,000,000 | 462,440 | ||||||
| Sovereign—(Continued) | ||||||||
| Ireland Government Bonds |
||||||||
| Zero Coupon, 10/18/31 (EUR) |
405,000 | 460,299 | ||||||
| 3.400%, 03/18/24 (EUR) |
65,000 | 82,717 | ||||||
| Israel Government Bond - Fixed |
1,130,000 | 345,171 | ||||||
| Italy Buoni Poliennali Del Tesoro |
||||||||
| 1.350%, 04/01/30 (EUR) |
895,000 | 1,093,610 | ||||||
| 2.000%, 02/01/28 (EUR) |
325,000 | 414,905 | ||||||
| 2.500%, 11/15/25 (EUR) |
605,000 | 773,604 | ||||||
| Japan Government Thirty Year Bond |
335,000,000 | 2,911,230 | ||||||
| Japanese Government CPI Linked Bond |
84,498,660 | 779,655 | ||||||
| Korea Treasury Bonds |
||||||||
| 0.875%, 12/10/23 (KRW) |
500,000,000 | 416,188 | ||||||
| 1.125%, 09/10/25 (KRW) |
500,000,000 | 410,738 | ||||||
| 1.500%, 12/10/30 (KRW) |
1,120,530,000 | 888,616 | ||||||
| 2.000%, 09/10/22 (KRW) |
380,000,000 | 323,629 | ||||||
| Malaysia Government Bond |
3,295,000 | 803,812 | ||||||
| Mexican Bonos |
||||||||
| 5.750%, 03/05/26 (MXN) |
24,011,500 | 1,109,241 | ||||||
| 7.500%, 06/03/27 (MXN) |
8,252,400 | 406,149 | ||||||
| 8.000%, 12/07/23 (MXN) |
1,835,000 | 91,988 | ||||||
| 8.500%, 05/31/29 (MXN) |
14,420,800 | 747,242 | ||||||
| Mexico Government International Bonds |
||||||||
| 3.250%, 04/16/30 (b) |
335,000 | 343,030 | ||||||
| 4.000%, 03/15/15 (EUR) |
100,000 | 125,852 | ||||||
| New Zealand Government Bonds |
||||||||
| 1.500%, 05/15/31 (NZD) |
690,000 | 455,306 | ||||||
| 3.000%, 04/20/29 (NZD) |
455,000 | 339,313 | ||||||
| Nigeria Government International Bond |
200,000 | 200,552 | ||||||
| Norway Government Bond |
1,477,000 | 172,153 | ||||||
| Paraguay Government International Bond |
200,000 | 225,600 | ||||||
| Peruvian Government International Bond |
125,000 | 127,540 | ||||||
| Republic of Italy Government International Bond |
280,000 | 290,485 | ||||||
| Republic of Poland Government Bonds |
||||||||
| 1.250%, 10/25/30 (PLN) |
3,000,000 | 704,582 | ||||||
| 3.250%, 07/25/25 (PLN) |
1,445,000 | 390,928 | ||||||
| Republic of South Africa Government International Bond |
965,000 | 919,163 | ||||||
| Romania Government Bond |
3,345,000 | 780,937 | ||||||
| Romanian Government International Bond |
120,000 | 132,511 | ||||||
| Singapore Government Bonds |
||||||||
| 2.125%, 06/01/26 (SGD) |
1,120,000 | 869,002 | ||||||
| 2.750%, 07/01/23 (SGD) |
515,000 | 394,213 | ||||||
| South Africa Government Bonds |
||||||||
| 7.000%, 02/28/31 (ZAR) |
11,655,000 | 651,217 | ||||||
| 8.875%, 02/28/35 (ZAR) |
5,960,000 | 351,639 | ||||||
BHFTI-249
Brighthouse Funds Trust I
Loomis Sayles Global Allocation Portfolio
Schedule of Investments as of September 30, 2021 (Unaudited)
Foreign Government—(Continued)
| Security Description | Principal Amount* |
Value | ||||||
| Sovereign—(Continued) | ||||||||
| Spain Government Bonds |
||||||||
| 1.600%, 04/30/25 (144A) (EUR) |
180,000 | $ | 223,682 | |||||
| 1.950%, 07/30/30 (144A) (EUR) |
310,000 | 411,910 | ||||||
| 4.400%, 10/31/23 (144A) (EUR) |
525,000 | 671,044 | ||||||
| Sweden Government Bond |
4,200,000 | 466,555 | ||||||
| Turkey Government International Bonds |
||||||||
| 5.250%, 03/13/30 |
950,000 | 875,984 | ||||||
| 7.625%, 04/26/29 |
200,000 | 213,177 | ||||||
| United Kingdom Gilt |
||||||||
| 1.500%, 07/22/26 (GBP) |
640,000 | 900,286 | ||||||
| 2.750%, 09/07/24 (GBP) |
215,000 | 309,268 | ||||||
| 4.250%, 06/07/32 (GBP) |
125,000 | 222,512 | ||||||
| Uruguay Government International Bonds |
||||||||
| 4.375%, 01/23/31 |
170,000 | 196,559 | ||||||
| 8.250%, 05/21/31 (UYU) |
9,950,000 | 234,976 | ||||||
|
|
|
|||||||
| 43,116,975 | ||||||||
|
|
|
|||||||
| Transportation—0.1% | ||||||||
| Network Rail Infrastructure Finance plc |
235,000 | 346,691 | ||||||
|
|
|
|||||||
| Total Foreign Government |
45,412,770 | |||||||
|
|
|
|||||||
| U.S. Treasury & Government Agencies—3.9% |
| |||||||
| U.S. Treasury—3.9% | ||||||||
| U.S. Treasury Inflation Indexed Notes |
||||||||
| 0.125%, 04/15/22 (d) |
258,150 | 261,753 | ||||||
| 0.375%, 07/15/27 (d) |
1,138,177 | 1,266,089 | ||||||
| 0.625%, 04/15/23 (d) |
2,582,439 | 2,702,145 | ||||||
| U.S. Treasury Notes |
||||||||
| 0.125%, 01/31/23 |
535,000 | 534,728 | ||||||
| 0.125%, 03/31/23 |
1,315,000 | 1,313,716 | ||||||
| 0.125%, 04/30/23 |
2,030,000 | 2,027,304 | ||||||
| 0.125%, 05/31/23 |
2,150,000 | 2,146,557 | ||||||
| 0.125%, 12/15/23 |
3,075,000 | 3,060,586 | ||||||
| 0.750%, 03/31/26 (b) |
6,085,000 | 6,041,977 | ||||||
|
|
|
|||||||
| Total U.S. Treasury & Government Agencies |
19,354,855 | |||||||
|
|
|
|||||||
| Convertible Bonds—2.0% |
| |||||||
| Airlines—0.2% | ||||||||
| JetBlue Airways Corp. |
35,000 | 34,295 | ||||||
| Southwest Airlines Co. |
710,000 | 1,060,562 | ||||||
|
|
|
|||||||
| 1,094,857 | ||||||||
|
|
|
|||||||
| Biotechnology—0.5% | ||||||||
| BioMarin Pharmaceutical, Inc. |
2,110,000 | 2,158,923 | ||||||
| Biotechnology—(Continued) | ||||||||
| Ionis Pharmaceuticals, Inc. |
85,000 | 77,243 | ||||||
| Livongo Health, Inc. |
150,000 | 197,385 | ||||||
|
|
|
|||||||
| 2,433,551 | ||||||||
|
|
|
|||||||
| Entertainment—0.0% | ||||||||
| Penn National Gaming, Inc. |
15,000 | 47,865 | ||||||
|
|
|
|||||||
| Healthcare-Services—0.2% | ||||||||
| Teladoc Health, Inc. |
1,005,000 | 1,009,459 | ||||||
|
|
|
|||||||
| Internet—0.4% | ||||||||
| Expedia Group, Inc. |
460,000 | 496,640 | ||||||
| Palo Alto Networks, Inc. |
670,000 | 1,106,219 | ||||||
| Twitter, Inc. |
115,000 | 106,759 | ||||||
| Uber Technologies, Inc. |
355,000 | 345,284 | ||||||
|
|
|
|||||||
| 2,054,902 | ||||||||
|
|
|
|||||||
| Leisure Time—0.0% | ||||||||
| Peloton Interactive, Inc. |
85,000 | 74,824 | ||||||
|
|
|
|||||||
| Media—0.7% | ||||||||
| DISH Network Corp. |
||||||||
| Zero Coupon, 12/15/25 (144A) |
580,000 | 693,100 | ||||||
| 3.375%, 08/15/26 |
2,320,000 | 2,411,640 | ||||||
|
|
|
|||||||
| 3,104,740 | ||||||||
|
|
|
|||||||
| Software—0.0% | ||||||||
| Splunk, Inc. |
85,000 | 83,353 | ||||||
| Zynga, Inc. |
20,000 | 19,312 | ||||||
|
|
|
|||||||
| 102,665 | ||||||||
|
|
|
|||||||
| Total Convertible Bonds |
9,922,863 | |||||||
|
|
|
|||||||
| Municipals—0.1% |
| |||||||
| Tobacco Settlement Financing Corp. |
645,000 | 673,508 | ||||||
|
|
|
|||||||
BHFTI-250
Brighthouse Funds Trust I
Loomis Sayles Global Allocation Portfolio
Schedule of Investments as of September 30, 2021 (Unaudited)
Convertible Preferred Stock—0.1%
| Security Description | Shares/ Principal Amount* |
Value | ||||||
| Pipelines—0.1% | ||||||||
| El Paso Energy Capital Trust I |
5,754 | $ | 285,111 | |||||
|
|
|
|||||||
| Floating Rate Loans (e)—0.0% |
| |||||||
| Lodging—0.0% | ||||||||
| Hilton Grand Vacations Borrower LLC |
56,833 | 57,032 | ||||||
|
|
|
|||||||
| Pharmaceuticals—0.0% | ||||||||
| Jazz Financing Lux S.a.r.l. |
48,000 | 48,120 | ||||||
|
|
|
|||||||
| Total Floating Rate Loans |
105,152 | |||||||
|
|
|
|||||||
| Mortgage-Backed Securities—0.0% |
| |||||||
| Commercial Mortgage-Backed Securities—0.0% | ||||||||
| Institutional Mortgage Securities Canada, Inc. |
81,931 | 65,799 | ||||||
|
|
|
|||||||
| Total Mortgage-Backed Securities |
65,799 | |||||||
|
|
|
|||||||
| Short-Term Investment—1.0% |
| |||||||
| Repurchase Agreement—1.0% | ||||||||
| Fixed Income Clearing Corp. |
4,900,627 | 4,900,627 | ||||||
|
|
|
|||||||
| Total Short-Term Investments |
4,900,627 | |||||||
|
|
|
|||||||
| Securities Lending Reinvestments (g)—0.7% |
| |||||||
| Repurchase Agreements—0.5% | ||||||||
| Barclays Capital, Inc. |
305,145 | 305,145 | ||||||
| Cantor Fitzgerald & Co. |
400,000 | 400,000 | ||||||
| Repurchase Agreements—(Continued) | ||||||||
| CF Secured LLC |
500,000 | 500,000 | ||||||
| Deutsche Bank AG, London |
94,982 | 94,982 | ||||||
| ING Financial Markets LLC |
600,000 | 600,000 | ||||||
| NBC Global Finance, Ltd. |
250,000 | 250,000 | ||||||
| Societe Generale |
79,868 | 79,868 | ||||||
|
|
|
|||||||
| 2,229,995 | ||||||||
|
|
|
|||||||
| Time Deposit—0.0% | ||||||||
| Landesbank Baden-Wuettertemberg (London) |
31,106 | 31,106 | ||||||
|
|
|
|||||||
| Mutual Funds—0.2% | ||||||||
| BlackRock Liquidity Funds FedFund, Institutional Shares |
250,000 | 250,000 | ||||||
| Goldman Sachs Financial Square Government Fund, Institutional Shares 0.030% (h) |
300,000 | 300,000 | ||||||
| Wells Fargo Government Money Market Fund, Select Class |
300,000 | 300,000 | ||||||
|
|
|
|||||||
| 850,000 | ||||||||
|
|
|
|||||||
| Total Securities Lending Reinvestments |
3,111,101 | |||||||
|
|
|
|||||||
| Total Investments—100.4% |
496,580,863 | |||||||
| Other assets and liabilities (net)—(0.4)% |
(1,733,213 | ) | ||||||
|
|
|
|||||||
| Net Assets—100.0% | $ | 494,847,650 | ||||||
|
|
|
|||||||
BHFTI-251
Brighthouse Funds Trust I
Loomis Sayles Global Allocation Portfolio
Schedule of Investments as of September 30, 2021 (Unaudited)
| * | Principal amount stated in U.S. dollars unless otherwise noted. | |||
| (a) | Non-income producing security. | |||
| (b) | All or a portion of the security was held on loan. As of September 30, 2021, the market value of securities loaned was $3,744,359 and the collateral received consisted of cash in the amount of $3,111,101 and non-cash collateral with a value of $751,950. The cash collateral investments are disclosed in the Schedule of Investments and categorized as Securities Lending Reinvestments. The non-cash collateral received consists of U.S. government securities that are held in safe-keeping by the lending agent, or a third- party custodian, and cannot be sold or repledged by the Portfolio. | |||
| (c) | Variable or floating rate security. The stated rate represents the rate at September 30, 2021. Maturity date shown for callable securities reflects the earliest possible call date. For securities based on a published reference index and spread, the index and spread are indicated in the description above. For certain variable rate securities, the coupon rate is determined by the issuer/agent based on current market conditions. For certain asset- and mortgage-backed securities, the coupon rate may fluctuate based on changes of the underlying collateral or prepayments of principal. These securities do not indicate a reference index and spread in their description above. | |||
| (d) | Principal amount of security is adjusted for inflation. | |||
| (e) | Floating rate loans (“Senior Loans”) often require prepayments from excess cash flows or permit the borrowers to repay at their election. The degree to which borrowers repay, whether as a contractual requirement or at their election, cannot be predicted with accuracy. As a result, the actual remaining maturity may be substantially less than the stated maturities shown. However, Senior Loans will generally have an expected average life of approximately two to four years. Senior Loans typically have rates of interest which are determined periodically by reference to a base lending rate, plus a spread. These base rates are primarily the London Interbank Offered Rate and secondarily, the prime rate offered by one or more major United States banks. Base lending rates may be subject to a floor, or a minimum rate. | |||
| (f) | This loan will settle after September 30, 2021, at which time the interest rate will be determined. | |||
| (g) | Represents investment of cash collateral received from securities on loan as of September 30, 2021. | |||
| (h) | The rate shown represents the annualized seven-day yield as of September 30, 2021. | |||
| (144A)— | Securities exempt from registration under Rule 144A of the Securities Act of 1933. These securities may be resold in transactions exempt from registration, normally to qualified institutional buyers. As of September 30, 2021, the market value of 144A securities was $40,531,540, which is 8.2% of net assets. | |||
| Country Diversification as of |
% of Net Assets |
|||
| United States |
65.0 | |||
| United Kingdom |
4.0 | |||
| Netherlands |
3.6 | |||
| Canada |
3.5 | |||
| Japan |
2.1 | |||
| Taiwan |
2.1 | |||
| China |
1.9 | |||
| India |
1.4 | |||
| France |
1.4 | |||
| Sweden |
1.3 | |||
Forward Foreign Currency Exchange Contracts
| Contracts to Buy |
Counterparty |
Settlement Date |
In Exchange for |
Unrealized Appreciation/ (Depreciation) |
||||||||||||||||||
| AUD | 1,450,000 | HSBCU |
12/15/21 | USD | 1,080,359 | $ | (31,736 | ) | ||||||||||||||
| EUR | 14,992,000 | MSC |
12/15/21 | USD | 17,772,031 | (380,347 | ) | |||||||||||||||
| GBP | 796,000 | UBSA |
12/15/21 | USD | 1,099,793 | (27,154 | ) | |||||||||||||||
| JPY | 1,176,000,000 | CSI |
12/15/21 | USD | 10,674,994 | (101,997 | ) | |||||||||||||||
| KRW | 813,000,000 | BOA |
12/15/21 | USD | 697,734 | (11,810 | ) | |||||||||||||||
| Contracts to Deliver |
||||||||||||||||||||||
| BRL | 3,300,000 | BOA |
12/02/21 | USD | 618,476 | 18,278 | ||||||||||||||||
| CAD | 5,968,000 | UBSA |
12/15/21 | USD | 4,713,650 | 1,890 | ||||||||||||||||
| COP | 7,721,975,000 | CSI |
12/15/21 | USD | 2,010,407 | (7,777 | ) | |||||||||||||||
| IDR | 13,001,580,000 | UBSA |
12/15/21 | USD | 903,729 | 1,726 | ||||||||||||||||
| MXN | 29,008,000 | BOA |
12/15/21 | USD | 1,435,706 | 44,864 | ||||||||||||||||
| NZD | 660,000 | MSC |
12/15/21 | USD | 469,946 | 14,565 | ||||||||||||||||
| ZAR | 8,054,000 | CBNA |
12/15/21 | USD | 552,875 | 23,268 | ||||||||||||||||
| Cross Currency Contracts to Buy |
||||||||||||||||||||||
| EUR | 366,492 | MSC |
12/15/21 | NOK | 3,786,000 | (7,684 | ) | |||||||||||||||
|
|
|
|||||||||||||||||||||
| Net Unrealized Depreciation |
|
$ | (463,914 | ) | ||||||||||||||||||
|
|
|
|||||||||||||||||||||
BHFTI-252
Brighthouse Funds Trust I
Loomis Sayles Global Allocation Portfolio
Schedule of Investments as of September 30, 2021 (Unaudited)
Futures Contracts
| Futures Contracts—Short |
Expiration Date |
Number of Contracts |
Notional Value |
Value/ Unrealized Appreciation/ (Depreciation) |
||||||||||||||||
| U.S. Treasury Note Ultra 10 Year Futures |
12/21/21 | (25 | ) | USD | (3,631,250 | ) | $ | 55,809 | ||||||||||||
| U.S. Treasury Ultra Long Bond Futures |
12/21/21 | (2 | ) | USD | (382,125 | ) | 18,621 | |||||||||||||
|
|
|
|||||||||||||||||||
| Net Unrealized Appreciation |
|
$ | 74,430 | |||||||||||||||||
|
|
|
|||||||||||||||||||
Glossary of Abbreviations
Counterparties
| (BOA)— | Bank of America N.A. | |||
| (CBNA)— | Citibank N.A. | |||
| (CSI)— | Credit Suisse International | |||
| (HSBCU)— | HSBC Bank USA | |||
| (MSC)— | Morgan Stanley & Co. | |||
| (UBSA)— | UBS AG | |||
Currencies
| (AUD)— | Australian Dollar | |||
| (BRL)— | Brazilian Real | |||
| (CAD)— | Canadian Dollar | |||
| (CNY)— | Chinese Yuan | |||
| (COP)— | Colombian Peso | |||
| (EUR)— | Euro | |||
| (GBP)— | British Pound | |||
| (IDR)— | Indonesian Rupiah | |||
| (ILS)— | Israeli Shekel | |||
| (INR)— | Indian Rupee | |||
| (JPY)— | Japanese Yen | |||
| (KRW)— | South Korean Won | |||
| (MXN)— | Mexican Peso | |||
| (MYR)— | Malaysian Ringgit | |||
| (NOK)— | Norwegian Krone | |||
| (NZD)— | New Zealand Dollar | |||
| (PLN)— | Polish Zloty | |||
| (RON)— | New Romanian Leu | |||
| (SEK)— | Swedish Krona | |||
| (SGD)— | Singapore Dollar | |||
| (USD)— | United States Dollar | |||
| (UYU)— | Uruguayan Peso | |||
| (ZAR)— | South African Rand | |||
Index Abbreviations
| (H15)— | U.S. Treasury Yield Curve Rate T-Note Constant Maturity Index | |||
| (SOFR)— | Secured Overnight Financing Rate | |||
Other Abbreviations
| (ADR)— | American Depositary Receipt | |||
| (ICE)— | Intercontinental Exchange, Inc. | |||
Fair Value Hierarchy
Accounting principles generally accepted in the United States of America (“GAAP”) define fair market value as the price that the Portfolio would receive to sell an asset or pay to transfer a liability in an orderly transaction between market participants at the measurement date. It establishes a fair value hierarchy that prioritizes inputs to valuation methods and requires disclosure of the fair value hierarchy, separately for each major category of assets and liabilities, that segregates fair value measurements into three levels. Levels 1, 2 and 3 of the fair value hierarchy are defined as follows:
Level 1 - unadjusted quoted prices in active markets for identical investments
Level 2 - other significant observable inputs (including, but not limited to, quoted prices for similar assets or liabilities in markets that are either active or inactive; inputs other than quoted prices that are observable such as interest rates, yield curves, volatilities, prepayment speeds, loss severities, credit risks, default rates, or other market corroborated inputs)
Level 3 - significant unobservable inputs based on the best information available in the circumstances, to the extent observable inputs are unavailable (including the Portfolio’s own assumptions used in determining the fair value of investments and derivative financial instruments)
The inputs or methodologies used for valuing investments are not necessarily an indication of the risk associated with investing in them. Changes to the inputs or methodologies used may result in transfers between levels. A reconciliation of Level 3 securities, if any, will be disclosed following the fair value hierarchy table. For more information about the Portfolio’s policy regarding the valuation of investments, please refer to the Notes to Schedule of Investments.
The following table summarizes the fair value hierarchy of the Portfolio’s investments as of September 30, 2021:
| Description | Level 1 | Level 2 | Level 3 | Total | ||||||||||||
| Common Stocks | ||||||||||||||||
| Aerospace & Defense |
$ | 4,879,672 | $ | — | $ | — | $ | 4,879,672 | ||||||||
| Banks |
3,512,925 | 5,859,622 | — | 9,372,547 | ||||||||||||
| Capital Markets |
15,802,079 | — | — | 15,802,079 | ||||||||||||
| Chemicals |
19,543,382 | — | — | 19,543,382 | ||||||||||||
| Commercial Services & Supplies |
3,732,678 | — | — | 3,732,678 | ||||||||||||
BHFTI-253
Brighthouse Funds Trust I
Loomis Sayles Global Allocation Portfolio
Schedule of Investments as of September 30, 2021 (Unaudited)
Fair Value Hierarchy—(Continued)
| Description | Level 1 | Level 2 | Level 3 | Total | ||||||||||||
| Electronic Equipment, Instruments & Components |
$ | — | $ | 3,368,767 | $ | — | $ | 3,368,767 | ||||||||
| Food & Staples Retailing |
10,041,175 | — | — | 10,041,175 | ||||||||||||
| Health Care Equipment & Supplies |
15,657,045 | — | — | 15,657,045 | ||||||||||||
| Health Care Providers & Services |
10,771,920 | — | — | 10,771,920 | ||||||||||||
| Hotels, Restaurants & Leisure |
19,803,543 | — | — | 19,803,543 | ||||||||||||
| Industrial Conglomerates |
9,242,475 | — | — | 9,242,475 | ||||||||||||
| Insurance |
— | 3,359,826 | — | 3,359,826 | ||||||||||||
| Interactive Media & Services |
26,179,186 | — | — | 26,179,186 | ||||||||||||
| Internet & Direct Marketing Retail |
20,361,472 | — | — | 20,361,472 | ||||||||||||
| IT Services |
25,438,546 | 6,375,835 | — | 31,814,381 | ||||||||||||
| Leisure Products |
7,193,551 | — | — | 7,193,551 | ||||||||||||
| Life Sciences Tools & Services |
19,943,226 | — | — | 19,943,226 | ||||||||||||
| Machinery |
10,978,065 | 5,774,800 | — | 16,752,865 | ||||||||||||
| Personal Products |
8,679,374 | — | — | 8,679,374 | ||||||||||||
| Semiconductors & Semiconductor Equipment |
16,195,180 | 27,810,689 | — | 44,005,869 | ||||||||||||
| Software |
22,094,510 | 3,847,806 | — | 25,942,316 | ||||||||||||
| Specialty Retail |
8,198,950 | — | — | 8,198,950 | ||||||||||||
| Textiles, Apparel & Luxury Goods |
4,150,619 | — | — | 4,150,619 | ||||||||||||
| Total Common Stocks |
282,399,573 | 56,397,345 | — | 338,796,918 | ||||||||||||
| Total Corporate Bonds & Notes* |
— | 73,952,159 | — | 73,952,159 | ||||||||||||
| Total Foreign Government* |
— | 45,412,770 | — | 45,412,770 | ||||||||||||
| Total U.S. Treasury & Government Agencies* |
— | 19,354,855 | — | 19,354,855 | ||||||||||||
| Total Convertible Bonds* |
— | 9,922,863 | — | 9,922,863 | ||||||||||||
| Total Municipals* |
— | 673,508 | — | 673,508 | ||||||||||||
| Total Convertible Preferred Stock* |
285,111 | — | — | 285,111 | ||||||||||||
| Total Floating Rate Loans* |
— | 105,152 | — | 105,152 | ||||||||||||
| Total Mortgage-Backed Securities* |
— | 65,799 | — | 65,799 | ||||||||||||
| Total Short-Term Investment* |
— | 4,900,627 | — | 4,900,627 | ||||||||||||
| Securities Lending Reinvestments | ||||||||||||||||
| Repurchase Agreements |
— | 2,229,995 | — | 2,229,995 | ||||||||||||
| Time Deposit |
— | 31,106 | — | 31,106 | ||||||||||||
| Mutual Funds |
850,000 | — | — | 850,000 | ||||||||||||
| Total Securities Lending Reinvestments |
850,000 | 2,261,101 | — | 3,111,101 | ||||||||||||
| Total Investments |
$ | 283,534,684 | $ | 213,046,179 | $ | — | $ | 496,580,863 | ||||||||
| Collateral for Securities Loaned (Liability) |
$ | — | $ | (3,111,101 | ) | $ | — | $ | (3,111,101 | ) | ||||||
| Forward Contracts | ||||||||||||||||
| Forward Foreign Currency Exchange Contracts (Unrealized Appreciation) |
$ | — | $ | 104,591 | $ | — | $ | 104,591 | ||||||||
| Forward Foreign Currency Exchange Contracts (Unrealized Depreciation) |
— | (568,505 | ) | — | (568,505 | ) | ||||||||||
| Total Forward Contracts |
$ | — | $ | (463,914 | ) | $ | — | $ | (463,914 | ) | ||||||
| Futures Contracts | ||||||||||||||||
| Futures Contracts (Unrealized Appreciation) |
$ | 74,430 | $ | — | $ | — | $ | 74,430 | ||||||||
| * | See Schedule of Investments for additional detailed categorizations. | |||
BHFTI-254
Brighthouse Funds Trust I
Loomis Sayles Growth Portfolio
Schedule of Investments as of September 30, 2021 (Unaudited)
Common Stocks—99.0% of Net Assets
| Security Description | Shares |
Value | ||||||
| Aerospace & Defense—4.1% | ||||||||
| Boeing Co. (The) (a) |
646,378 | $ | 142,164,377 | |||||
|
|
|
|||||||
| Air Freight & Logistics—2.0% | ||||||||
| Expeditors International of Washington, Inc. |
597,407 | 71,169,096 | ||||||
|
|
|
|||||||
| Beverages—2.9% | ||||||||
| Monster Beverage Corp. (a) |
1,147,913 | 101,969,112 | ||||||
|
|
|
|||||||
| Biotechnology—5.0% | ||||||||
| Regeneron Pharmaceuticals, Inc. (a) (b) |
156,418 | 94,661,045 | ||||||
| Vertex Pharmaceuticals, Inc. (a) |
441,818 | 80,141,367 | ||||||
|
|
|
|||||||
| 174,802,412 | ||||||||
|
|
|
|||||||
| Capital Markets—2.8% | ||||||||
| FactSet Research Systems, Inc. |
133,845 | 52,839,329 | ||||||
| SEI Investments Co. (b) |
758,124 | 44,956,753 | ||||||
|
|
|
|||||||
| 97,796,082 | ||||||||
|
|
|
|||||||
| Communications Equipment—1.7% | ||||||||
| Cisco Systems, Inc. (b) |
1,114,338 | 60,653,417 | ||||||
|
|
|
|||||||
| Energy Equipment & Services—1.4% | ||||||||
| Schlumberger NV |
1,652,353 | 48,975,743 | ||||||
|
|
|
|||||||
| Entertainment—3.2% | ||||||||
| Walt Disney Co. (The) (a) |
653,346 | 110,526,543 | ||||||
|
|
|
|||||||
| Health Care Equipment & Supplies—1.5% | ||||||||
| Intuitive Surgical, Inc. (a) |
53,105 | 52,794,336 | ||||||
|
|
|
|||||||
| Health Care Technology—0.8% | ||||||||
| Cerner Corp. |
398,505 | 28,102,573 | ||||||
|
|
|
|||||||
| Hotels, Restaurants & Leisure—4.4% | ||||||||
| Starbucks Corp. |
742,173 | 81,869,104 | ||||||
| Yum China Holdings, Inc. (b) |
478,938 | 27,831,087 | ||||||
| Yum! Brands, Inc. |
353,090 | 43,186,438 | ||||||
|
|
|
|||||||
| 152,886,629 | ||||||||
|
|
|
|||||||
| Household Products—1.1% | ||||||||
| Colgate-Palmolive Co. |
525,536 | 39,720,011 | ||||||
|
|
|
|||||||
| Interactive Media & Services—13.9% | ||||||||
| Alphabet, Inc. - Class A (a) |
49,128 | 131,344,690 | ||||||
| Alphabet, Inc. - Class C (a) |
49,264 | 131,303,832 | ||||||
| Facebook, Inc. - Class A (a) |
649,363 | 220,387,309 | ||||||
|
|
|
|||||||
| 483,035,831 | ||||||||
|
|
|
|||||||
| Internet & Direct Marketing Retail—9.7% | ||||||||
| Alibaba Group Holding, Ltd. (ADR) (a) |
718,245 | 106,336,172 | ||||||
| Amazon.com, Inc. (a) (b) |
70,528 | 231,687,301 | ||||||
|
|
|
|||||||
| 338,023,473 | ||||||||
|
|
|
|||||||
| IT Services—5.9% | ||||||||
| Automatic Data Processing, Inc. |
120,097 | 24,009,792 | ||||||
| Visa, Inc. - Class A (b) |
819,973 | 182,648,986 | ||||||
|
|
|
|||||||
| 206,658,778 | ||||||||
|
|
|
|||||||
| Life Sciences Tools & Services—2.3% | ||||||||
| Illumina, Inc. (a) |
195,519 | 79,304,462 | ||||||
|
|
|
|||||||
| Machinery—2.8% | ||||||||
| Deere & Co. |
285,815 | 95,768,032 | ||||||
|
|
|
|||||||
| Pharmaceuticals—6.1% | ||||||||
| Novartis AG (ADR) |
1,111,032 | 90,860,197 | ||||||
| Novo Nordisk A/S (ADR) (b) |
381,540 | 36,631,655 | ||||||
| Roche Holding AG (ADR) |
1,876,032 | 85,303,175 | ||||||
|
|
|
|||||||
| 212,795,027 | ||||||||
|
|
|
|||||||
| Semiconductors & Semiconductor Equipment—8.4% | ||||||||
| NVIDIA Corp. |
1,111,702 | 230,300,186 | ||||||
| QUALCOMM, Inc. |
497,828 | 64,209,856 | ||||||
|
|
|
|||||||
| 294,510,042 | ||||||||
|
|
|
|||||||
| Software—19.0% | ||||||||
| Autodesk, Inc. (a) |
539,583 | 153,872,884 | ||||||
| Microsoft Corp. (b) |
553,287 | 155,982,671 | ||||||
| Oracle Corp. |
1,780,968 | 155,175,742 | ||||||
| Salesforce.com, Inc. (a) |
545,861 | 148,048,420 | ||||||
| Workday, Inc. - Class A (a) |
202,529 | 50,609,972 | ||||||
|
|
|
|||||||
| 663,689,689 | ||||||||
|
|
|
|||||||
| Total Common Stocks |
3,455,345,665 | |||||||
|
|
|
|||||||
| Short-Term Investment—1.0% | ||||||||
| Repurchase Agreement—1.0% | ||||||||
| Fixed Income Clearing Corp. |
35,311,906 | 35,311,906 | ||||||
|
|
|
|||||||
| Total Short-Term Investments |
35,311,906 | |||||||
|
|
|
|||||||
| Securities Lending Reinvestments (c)—1.7% |
|
|||||||
| Certificates of Deposit—0.3% | ||||||||
| Cooperatieve Rabobank UA |
2,000,000 | 2,000,280 | ||||||
| Mitsubishi UFJ Trust and Banking Corp. (London) | ||||||||
| Zero Coupon, 11/15/21 |
1,000,000 | 999,840 | ||||||
| Royal Bank of Canada New York |
3,000,000 | 3,000,033 | ||||||
BHFTI-255
Brighthouse Funds Trust I
Loomis Sayles Growth Portfolio
Schedule of Investments as of September 30, 2021 (Unaudited)
Securities Lending Reinvestments (c)—(Continued)
| Security Description | Principal Amount* |
Value | ||||||
| Certificates of Deposit —(Continued) | ||||||||
| Standard Chartered Bank (NY) |
1,000,000 | $ | 1,000,000 | |||||
| Sumitomo Mitsui Trust Bank, Ltd. | ||||||||
| Zero Coupon, 02/10/22 |
2,000,000 | 1,998,880 | ||||||
|
|
|
|||||||
| 8,999,033 | ||||||||
|
|
|
|||||||
| Commercial Paper—0.0% | ||||||||
| Antalis S.A. |
400,000 | 399,886 | ||||||
|
|
|
|||||||
| Repurchase Agreements—1.2% | ||||||||
| Barclays Bank plc |
2,000,000 | 2,000,000 | ||||||
| Barclays Capital, Inc. |
5,549,068 | 5,549,068 | ||||||
| BofA Securities, Inc. |
4,000,000 | 4,000,000 | ||||||
| Cantor Fitzgerald & Co. |
5,000,000 | 5,000,000 | ||||||
| CF Secured LLC |
5,000,000 | 5,000,000 | ||||||
| Citigroup Global Markets, Inc. |
2,000,000 | 2,000,000 | ||||||
| Deutsche Bank AG, London |
1,100,000 | 1,100,000 | ||||||
| Repurchase Agreements—(Continued) | ||||||||
| ING Financial Markets LLC |
6,000,000 | 6,000,000 | ||||||
| Royal Bank of Canada Toronto |
4,000,000 | 4,000,000 | ||||||
| Societe Generale |
1,000,000 | 1,000,000 | ||||||
| Repurchase Agreement dated 09/30/21 at 0.170%, due on 10/01/21 with a maturity value of $5,000,024; collateralized by various Common Stock with an aggregate market value of $5,555,666. |
5,000,000 | 5,000,000 | ||||||
|
|
|
|||||||
| 40,649,068 | ||||||||
|
|
|
|||||||
| Time Deposits—0.2% | ||||||||
| First Abu Dhabi Bank USA NV |
2,000,000 | 2,000,000 | ||||||
| Landesbank Baden-Wuettertemberg (London) |
500,000 | 500,000 | ||||||
| National Bank of Canada |
3,000,000 | 3,000,000 | ||||||
| Skandi New York |
2,000,000 | 2,000,000 | ||||||
|
|
|
|||||||
| 7,500,000 | ||||||||
|
|
|
|||||||
| Total Securities Lending Reinvestments |
57,547,987 | |||||||
|
|
|
|||||||
| Total Investments—101.7% |
3,548,205,558 | |||||||
|
|
|
|||||||
| Other assets and liabilities (net)—(1.7)% |
(58,752,000 | ) | ||||||
|
|
|
|||||||
| Net Assets—100.0% | $ | 3,489,453,558 | ||||||
|
|
|
|||||||
| * | Principal amount stated in U.S. dollars unless otherwise noted. | |
| (a) | Non-income producing security. | |
| (b) | All or a portion of the security was held on loan. As of September 30, 2021, the market value of securities loaned was $55,660,917 and the collateral received consisted of cash in the amount of $57,546,793. The cash collateral investments are disclosed in the Schedule of Investments and categorized as Securities Lending Reinvestments. | |
| (c) | Represents investment of cash collateral received from securities on loan as of September 30, 2021. |
BHFTI-256
Brighthouse Funds Trust I
Loomis Sayles Growth Portfolio
Schedule of Investments as of September 30, 2021 (Unaudited)
| (d) | Variable or floating rate security. The stated rate represents the rate at September 30, 2021. Maturity date shown for callable securities reflects the earliest possible call date. For securities based on a published reference index and spread, the index and spread are indicated in the description above. For certain variable rate securities, the coupon rate is determined by the issuer/agent based on current market conditions. For certain asset- and mortgage-backed securities, the coupon rate may fluctuate based on changes of the underlying collateral or prepayments of principal. These securities do not indicate a reference index and spread in their description above. |
Glossary of Abbreviations
Index Abbreviations
| (LIBOR)— | London Interbank Offered Rate | |
| (OBFR)— | U.S. Overnight Bank Funding Rate |
Other Abbreviations
| (ADR)— | American Depositary Receipt |
Fair Value Hierarchy
Accounting principles generally accepted in the United States of America (“GAAP”) define fair market value as the price that the Portfolio would receive to sell an asset or pay to transfer a liability in an orderly transaction between market participants at the measurement date. It establishes a fair value hierarchy that prioritizes inputs to valuation methods and requires disclosure of the fair value hierarchy, separately for each major category of assets and liabilities, that segregates fair value measurements into three levels. Levels 1, 2 and 3 of the fair value hierarchy are defined as follows:
Level 1 - unadjusted quoted prices in active markets for identical investments
Level 2 - other significant observable inputs (including, but not limited to, quoted prices for similar assets or liabilities in markets that are either active or inactive; inputs other than quoted prices that are observable such as interest rates, yield curves, volatilities, prepayment speeds, loss severities, credit risks, default rates, or other market corroborated inputs)
Level 3 - significant unobservable inputs based on the best information available in the circumstances, to the extent observable inputs are unavailable (including the Portfolio’s own assumptions used in determining the fair value of investments and derivative financial instruments)
The inputs or methodologies used for valuing investments are not necessarily an indication of the risk associated with investing in them. Changes to the inputs or methodologies used may result in transfers between levels. A reconciliation of Level 3 securities, if any, will be disclosed following the fair value hierarchy table. For more information about the Portfolio’s policy regarding the valuation of investments, please refer to the Notes to Schedule of Investments.
The following table summarizes the fair value hierarchy of the Portfolio’s investments as of September 30, 2021:
| Description | Level 1 | Level 2 | Level 3 | Total | ||||||||||||
| Total Common Stocks* |
$ | 3,455,345,665 | $ | — | $ | — | $ | 3,455,345,665 | ||||||||
| Total Short-Term Investment* |
— | 35,311,906 | — | 35,311,906 | ||||||||||||
| Total Securities Lending Reinvestments* |
— | 57,547,987 | — | 57,547,987 | ||||||||||||
| Total Investments |
$ | 3,455,345,665 | $ | 92,859,893 | $ | — | $ | 3,548,205,558 | ||||||||
| Collateral for Securities Loaned (Liability) |
$ | — | $ | (57,546,793 | ) | $ | — | $ | (57,546,793 | ) | ||||||
| * | See Schedule of Investments for additional detailed categorizations. |
BHFTI-257
Brighthouse Funds Trust I
MetLife Multi-Index Targeted Risk Portfolio
Schedule of Investments as of September 30, 2021 (Unaudited)
Mutual Funds—75.7% of Net Assets
| Security Description | Shares/ Principal Amount* |
Value | ||||||
| Affiliated Investment Companies—75.7% | ||||||||
| MetLife Aggregate Bond Index Portfolio (Class A) (a) |
66,172,390 | $ | 731,866,636 | |||||
| MetLife Mid Cap Stock Index Portfolio (Class A) (a) |
4,107,497 | 84,819,817 | ||||||
| MetLife MSCI EAFE Index Portfolio (Class A) (a) |
13,136,578 | 206,112,912 | ||||||
| MetLife Russell 2000 Index Portfolio (Class A) (a) |
2,203,439 | 52,221,509 | ||||||
| MetLife Stock Index Portfolio (Class A) (a) |
4,419,114 | 286,270,196 | ||||||
|
|
|
|||||||
| Total Mutual Funds |
1,361,291,070 | |||||||
|
|
|
|||||||
| Short-Term Investments—24.6% |
| |||||||
| Repurchase Agreement—0.4% | ||||||||
| Fixed Income Clearing Corp. |
7,184,687 | 7,184,687 | ||||||
|
|
|
|||||||
| U.S. Treasury—24.2% | ||||||||
| U.S. Treasury Bills | ||||||||
| 0.024%, 10/05/21 (b) |
115,500,000 | 115,499,709 | ||||||
| 0.042%, 02/24/22 (b) (c) (d) |
172,000,000 | 171,965,122 | ||||||
| 0.043%, 03/17/22 (b) |
148,250,000 | 148,217,333 | ||||||
|
|
|
|||||||
| 435,682,164 | ||||||||
|
|
|
|||||||
| Total Short-Term Investments |
442,866,851 | |||||||
|
|
|
|||||||
| Total Investments—100.3% |
1,804,157,921 | |||||||
| Other assets and liabilities (net)—(0.3)% |
(5,576,832 | ) | ||||||
|
|
|
|||||||
| Net Assets — 100.0% | $ | 1,798,581,089 | ||||||
|
|
|
|||||||
| * | Principal amount stated in U.S. dollars unless otherwise noted. | |||
| (a) | A Portfolio of Brighthouse Funds Trust II. | |||
| (b) | The rate shown represents current yield to maturity. | |||
| (c) | All or a portion of the security was pledged as collateral against open futures contracts. As of September 30, 2021, the market value of securities pledged was $36,092,680. | |||
| (d) | All or a portion of the security was pledged as collateral against open centrally cleared swap contracts. As of September 30, 2021, the market value of securities pledged was $25,994,728. | |||
Futures Contracts
| Futures Contracts—Long |
Expiration Date |
Number of Contracts |
Notional Amount |
Value/ Unrealized Appreciation/ (Depreciation) |
||||||||||||||||
| MSCI EAFE Index Mini Futures |
12/17/21 | 1,761 | USD | 199,609,350 | $ | (8,902,084 | ) | |||||||||||||
| Russell 2000 Index E-Mini Futures |
12/17/21 | 480 | USD | 52,819,200 | (1,080,720 | ) | ||||||||||||||
| S&P 500 Index E-Mini Futures |
12/17/21 | 1,366 | USD | 293,536,325 | (12,664,869 | ) | ||||||||||||||
| S&P Midcap 400 Index E-Mini Futures |
12/17/21 | 309 | USD | 81,365,880 | (2,237,168 | ) | ||||||||||||||
|
|
|
|||||||||||||||||||
| Net Unrealized Depreciation |
|
$ | (24,884,841 | ) | ||||||||||||||||
|
|
|
|||||||||||||||||||
BHFTI-258
Brighthouse Funds Trust I
MetLife Multi-Index Targeted Risk Portfolio
Schedule of Investments as of September 30, 2021 (Unaudited)
Swap Agreements
Centrally Cleared Interest Rate Swaps
| Pay/Receive Floating Rate |
Floating Rate Index |
Payment Frequency |
Fixed Rate |
Payment |
Maturity Date |
Notional Amount |
Market Value |
Upfront Premiums Paid/(Received) |
Unrealized Appreciation/ (Depreciation) |
|||||||||||||||||||||||
| Pay |
3M LIBOR | Quarterly | 1.340% | Semi-Annually | 10/15/31 | USD | 83,000,000 | $ | (1,717,386 | ) | $ | (186,215 | ) | $ | (1,531,171 | ) | ||||||||||||||||
| Pay |
3M LIBOR | Quarterly | 1.380% | Semi-Annually | 11/11/31 | USD | 83,000,000 | (1,447,155 | ) | (80,401 | ) | (1,366,754 | ) | |||||||||||||||||||
| Pay |
3M LIBOR | Quarterly | 1.410% | Semi-Annually | 12/15/31 | USD | 85,000,000 | (1,518,126 | ) | (219,458 | ) | (1,298,668 | ) | |||||||||||||||||||
| Pay |
3M LIBOR | Quarterly | 1.500% | Semi-Annually | 09/15/31 | USD | 83,000,000 | (417,125 | ) | (149,595 | ) | (267,530 | ) | |||||||||||||||||||
| Pay |
3M LIBOR | Quarterly | 1.590% | Semi-Annually | 07/15/31 | USD | 83,000,000 | 386,581 | (106,805 | ) | 493,386 | |||||||||||||||||||||
| Pay |
3M LIBOR | Quarterly | 1.670% | Semi-Annually | 08/18/31 | USD | 83,000,000 | 948,333 | (176,060 | ) | 1,124,393 | |||||||||||||||||||||
|
|
|
|
|
|
|
|||||||||||||||||||||||||||
| Totals |
|
$ | (3,764,878 | ) | $ | (918,534 | ) | $ | (2,846,344 | ) | ||||||||||||||||||||||
|
|
|
|
|
|
|
|||||||||||||||||||||||||||
Glossary of Abbreviations
Currencies
| (USD)— | United States Dollar | |||
Index Abbreviations
| (LIBOR)— | London Interbank Offered Rate | |||
Fair Value Hierarchy
Accounting principles generally accepted in the United States of America (“GAAP”) define fair market value as the price that the Portfolio would receive to sell an asset or pay to transfer a liability in an orderly transaction between market participants at the measurement date. It establishes a fair value hierarchy that prioritizes inputs to valuation methods and requires disclosure of the fair value hierarchy, separately for each major category of assets and liabilities, that segregates fair value measurements into three levels. Levels 1, 2 and 3 of the fair value hierarchy are defined as follows:
Level 1 - unadjusted quoted prices in active markets for identical investments
Level 2 - other significant observable inputs (including, but not limited to, quoted prices for similar assets or liabilities in markets that are either active or inactive; inputs other than quoted prices that are observable such as interest rates, yield curves, volatilities, prepayment speeds, loss severities, credit risks, default rates, or other market corroborated inputs)
Level 3 - significant unobservable inputs based on the best information available in the circumstances, to the extent observable inputs are unavailable (including the Portfolio’s own assumptions used in determining the fair value of investments and derivative financial instruments)
The inputs or methodologies used for valuing investments are not necessarily an indication of the risk associated with investing in them. Changes to the inputs or methodologies used may result in transfers between levels. A reconciliation of Level 3 securities, if any, will be disclosed following the fair value hierarchy table. For more information about the Portfolio’s policy regarding the valuation of investments, please refer to the Notes to Schedule of Investments.
The following table summarizes the fair value hierarchy of the Portfolio’s investments as of September 30, 2021:
| Description | Level 1 | Level 2 | Level 3 | Total | ||||||||||||
| Total Mutual Funds* |
$ | 1,361,291,070 | $ | — | $ | — | $ | 1,361,291,070 | ||||||||
| Total Short-Term Investments* |
— | 442,866,851 | — | 442,866,851 | ||||||||||||
| Total Investments |
$ | 1,361,291,070 | $ | 442,866,851 | $ | — | $ | 1,804,157,921 | ||||||||
| Futures Contracts |
| |||||||||||||||
| Futures Contracts (Unrealized Depreciation) |
$ | (24,884,841 | ) | $ | — | $ | — | $ | (24,884,841 | ) | ||||||
| Centrally Cleared Swap Contracts |
| |||||||||||||||
| Centrally Cleared Swap Contracts (Unrealized Appreciation) |
$ | — | $ | 1,617,779 | $ | — | $ | 1,617,779 | ||||||||
| Centrally Cleared Swap Contracts (Unrealized Depreciation) |
— | (4,464,123 | ) | — | (4,464,123 | ) | ||||||||||
| Total Centrally Cleared Swap Contracts |
$ | — | $ | (2,846,344 | ) | $ | — | $ | (2,846,344 | ) | ||||||
| * | See Schedule of Investments for additional detailed categorizations. | |||
BHFTI-259
Brighthouse Funds Trust I
MFS Research International Portfolio
Schedule of Investments as of September 30, 2021 (Unaudited)
Common Stocks—98.8% of Net Assets
| Security Description | Shares | Value | ||||||
| Australia—2.7% | ||||||||
| APA Group |
865,133 | $ | 5,431,570 | |||||
| Brambles, Ltd. |
1,434,942 | 11,160,879 | ||||||
| carsales.com, Ltd. |
309,887 | 5,697,296 | ||||||
| Macquarie Group, Ltd. |
117,858 | 15,463,282 | ||||||
| Oil Search, Ltd. |
2,635,980 | 8,344,137 | ||||||
| Seek, Ltd. |
272,516 | 6,066,552 | ||||||
|
|
|
|||||||
| 52,163,716 | ||||||||
|
|
|
|||||||
| Canada—2.3% | ||||||||
| Constellation Software, Inc. |
10,595 | 17,357,364 | ||||||
| Ritchie Bros Auctioneers, Inc. (a) |
254,433 | 15,700,681 | ||||||
| TC Energy Corp. |
207,733 | 9,997,950 | ||||||
|
|
|
|||||||
| 43,055,995 | ||||||||
|
|
|
|||||||
| China—4.6% | ||||||||
| China Resources Gas Group, Ltd. (a) |
1,660,424 | 8,714,800 | ||||||
| ESR Cayman, Ltd. (b) |
3,148,000 | 9,503,170 | ||||||
| NetEase, Inc. (ADR) |
316,571 | 27,035,163 | ||||||
| Prosus NV (b) |
118,458 | 9,329,538 | ||||||
| Tencent Holdings, Ltd. |
334,400 | 19,607,283 | ||||||
| Yum China Holdings, Inc. |
240,392 | 13,969,179 | ||||||
|
|
|
|||||||
| 88,159,133 | ||||||||
|
|
|
|||||||
| Denmark—3.3% | ||||||||
| Novo Nordisk A/S - Class B |
574,694 | 55,276,985 | ||||||
| Orsted A/S |
61,209 | 8,075,948 | ||||||
|
|
|
|||||||
| 63,352,933 | ||||||||
|
|
|
|||||||
| France—8.6% | ||||||||
| BNP Paribas S.A. (a) |
472,316 | 30,254,398 | ||||||
| Danone S.A. |
203,558 | 13,893,839 | ||||||
| EssilorLuxottica S.A. |
42,614 | 8,148,501 | ||||||
| Legrand S.A. |
206,168 | 22,112,221 | ||||||
| LVMH Moet Hennessy Louis Vuitton SE |
56,849 | 40,650,676 | ||||||
| Schneider Electric SE |
286,566 | 47,644,511 | ||||||
|
|
|
|||||||
| 162,704,146 | ||||||||
|
|
|
|||||||
| Germany—7.8% | ||||||||
| Adidas AG |
70,026 | 22,065,669 | ||||||
| Bayer AG |
191,478 | 10,443,572 | ||||||
| Continental AG (b) |
86,431 | 9,475,527 | ||||||
| E.ON SE |
812,404 | 9,939,327 | ||||||
| GEA Group AG |
390,947 | 17,916,490 | ||||||
| Grand City Properties S.A. (a) |
747,939 | 18,657,258 | ||||||
| LEG Immobilien SE |
149,121 | 21,097,915 | ||||||
| MTU Aero Engines AG |
45,109 | 10,199,689 | ||||||
| Scout24 AG |
133,586 | 9,272,575 | ||||||
| Symrise AG |
145,348 | 19,174,657 | ||||||
| Vitesco Technologies Group AG (b) |
17,286 | 1,021,197 | ||||||
|
|
|
|||||||
| 149,263,876 | ||||||||
|
|
|
|||||||
| Greece—0.5% | ||||||||
| Hellenic Telecommunications Organization S.A. |
467,286 | 8,733,471 | ||||||
|
|
|
|||||||
| Security Description | Shares | Value | ||||||
| Hong Kong—4.0% | ||||||||
| AIA Group, Ltd. |
2,592,228 | $ | 29,847,278 | |||||
| CLP Holdings, Ltd. |
974,000 | 9,368,256 | ||||||
| Hong Kong Exchanges & Clearing, Ltd. |
229,400 | 13,924,181 | ||||||
| Techtronic Industries Co., Ltd. |
1,181,500 | 23,161,475 | ||||||
|
|
|
|||||||
| 76,301,190 | ||||||||
|
|
|
|||||||
| India—1.4% | ||||||||
| HDFC Bank, Ltd. |
1,204,234 | 25,782,953 | ||||||
|
|
|
|||||||
| Ireland—1.7% | ||||||||
| AIB Group plc (b) |
2,832,325 | 7,637,616 | ||||||
| Flutter Entertainment plc (b) |
81,223 | 15,945,025 | ||||||
| Ryanair Holdings plc (ADR) (a) (b) |
81,637 | 8,984,968 | ||||||
|
|
|
|||||||
| 32,567,609 | ||||||||
|
|
|
|||||||
| Italy—0.6% | ||||||||
| Eni S.p.A. |
890,593 | 11,857,584 | ||||||
|
|
|
|||||||
| Japan—20.8% | ||||||||
| Bridgestone Corp. |
244,700 | 11,605,211 | ||||||
| Daikin Industries, Ltd. |
129,100 | 27,767,946 | ||||||
| Fujitsu, Ltd. |
136,600 | 24,808,005 | ||||||
| Hitachi, Ltd. |
633,100 | 37,538,909 | ||||||
| Idemitsu Kosan Co., Ltd. (a) |
390,200 | 10,301,091 | ||||||
| Kansai Paint Co., Ltd. |
374,300 | 9,306,879 | ||||||
| Kao Corp. |
224,000 | 13,346,361 | ||||||
| KDDI Corp. (a) |
570,600 | 18,856,908 | ||||||
| Kirin Holdings Co., Ltd. |
610,700 | 11,343,145 | ||||||
| Koito Manufacturing Co., Ltd. |
245,300 | 14,749,647 | ||||||
| Kubota Corp. |
1,064,900 | 22,717,729 | ||||||
| Kyocera Corp. |
185,000 | 11,565,230 | ||||||
| Kyowa Kirin Co., Ltd. |
652,400 | 23,526,002 | ||||||
| Mitsubishi UFJ Financial Group, Inc. |
2,931,000 | 17,112,474 | ||||||
| Nitto Denko Corp. (a) |
196,200 | 13,981,468 | ||||||
| Nomura Research Institute, Ltd. |
429,100 | 15,814,282 | ||||||
| Persol Holdings Co., Ltd. |
273,200 | 6,845,602 | ||||||
| Santen Pharmaceutical Co., Ltd. |
1,245,800 | 17,580,016 | ||||||
| SMC Corp. |
34,500 | 21,584,159 | ||||||
| SoftBank Group Corp. |
231,600 | 13,383,555 | ||||||
| Sugi Holdings Co., Ltd. |
92,900 | 6,757,812 | ||||||
| Terumo Corp. |
322,700 | 15,171,576 | ||||||
| Toyota Industries Corp. |
150,400 | 12,356,320 | ||||||
| Yamaha Corp. |
144,300 | 9,071,877 | ||||||
| ZOZO, Inc. |
227,800 | 8,529,846 | ||||||
|
|
|
|||||||
| 395,622,050 | ||||||||
|
|
|
|||||||
| Netherlands—6.7% | ||||||||
| Akzo Nobel NV |
219,051 | 23,852,644 | ||||||
| Euronext NV |
205,907 | 23,235,498 | ||||||
| ING Groep NV |
1,270,971 | 18,447,096 | ||||||
| Koninklijke Philips NV |
508,610 | 22,543,065 | ||||||
| NXP Semiconductors NV |
86,041 | 16,852,851 | ||||||
| Wolters Kluwer NV |
211,111 | 22,315,038 | ||||||
|
|
|
|||||||
| 127,246,192 | ||||||||
|
|
|
|||||||
BHFTI-260
Brighthouse Funds Trust I
MFS Research International Portfolio
Schedule of Investments as of September 30, 2021 (Unaudited)
Common Stocks—(Continued)
| Security Description | Shares |
Value | ||||||
| Portugal—0.8% | ||||||||
| Galp Energia SGPS S.A. |
1,255,729 | $ | 14,221,065 | |||||
|
|
|
|||||||
| South Korea—1.3% | ||||||||
| NAVER Corp. |
40,975 | 13,351,470 | ||||||
| Samsung Electronics Co., Ltd. |
192,330 | 11,970,390 | ||||||
|
|
|
|||||||
| 25,321,860 | ||||||||
|
|
|
|||||||
| Spain—2.2% | ||||||||
| Amadeus IT Group S.A. (b) |
215,440 | 14,152,794 | ||||||
| Cellnex Telecom S.A. |
188,922 | 11,645,520 | ||||||
| Iberdrola S.A. |
1,578,690 | 15,767,260 | ||||||
|
|
|
|||||||
| 41,565,574 | ||||||||
|
|
|
|||||||
| Sweden—0.1% | ||||||||
| Tele2 AB - B Shares (a) |
107,783 | 1,592,197 | ||||||
|
|
|
|||||||
| Switzerland—12.9% | ||||||||
| Cie Financiere Richemont S.A. - Class A |
135,069 | 13,927,426 | ||||||
| Credit Suisse Group AG |
1,367,913 | 13,562,565 | ||||||
| Glencore plc (b) |
3,232,177 | 15,264,166 | ||||||
| Julius Baer Group, Ltd. |
241,600 | 15,979,758 | ||||||
| Nestle S.A. |
456,103 | 54,877,813 | ||||||
| Roche Holding AG |
164,310 | 59,957,328 | ||||||
| Schindler Holding AG (Participation Certificate) |
58,759 | 15,723,245 | ||||||
| Sika AG |
61,618 | 19,489,462 | ||||||
| UBS Group AG |
1,277,886 | 20,420,590 | ||||||
| Zurich Insurance Group AG |
41,583 | 16,955,399 | ||||||
|
|
|
|||||||
| 246,157,752 | ||||||||
|
|
|
|||||||
| Taiwan—1.1% | ||||||||
| Taiwan Semiconductor Manufacturing Co., Ltd. |
971,468 | 20,032,685 | ||||||
|
|
|
|||||||
| Thailand—0.4% | ||||||||
| Advanced Info Service PCL (NVDR) |
1,357,500 | 7,863,750 | ||||||
|
|
|
|||||||
| United Kingdom—9.6% | ||||||||
| Beazley plc (b) |
593,539 | 3,008,230 | ||||||
| British American Tobacco plc |
664,406 | 23,180,724 | ||||||
| Burberry Group plc |
223,610 | 5,444,528 | ||||||
| Cairn Energy plc |
2,646,720 | 6,611,183 | ||||||
| Croda International plc |
196,771 | 22,470,360 | ||||||
| Diageo plc |
607,243 | 29,258,821 | ||||||
| Hiscox, Ltd. |
609,033 | 6,847,072 | ||||||
| Linde plc |
143,962 | 42,804,275 | ||||||
| NatWest Group plc |
6,300,140 | 19,117,369 | ||||||
| Ocado Group plc (b) |
198,645 | 4,418,133 | ||||||
| Reckitt Benckiser Group plc |
259,138 | 20,282,571 | ||||||
|
|
|
|||||||
| 183,443,266 | ||||||||
|
|
|
|||||||
| United States—5.4% | ||||||||
| Aon plc - Class A |
138,199 | 39,493,128 | ||||||
| Cadence Design Systems, Inc. (b) |
75,045 | 11,364,815 | ||||||
| EPAM Systems, Inc. (b) |
28,267 | 16,125,758 | ||||||
| United States—(Continued) | ||||||||
| QIAGEN NV (b) |
416,259 | 21,643,181 | ||||||
| Visa, Inc. - Class A |
62,821 | 13,993,378 | ||||||
|
|
|
|||||||
| 102,620,260 | ||||||||
|
|
|
|||||||
| Total Common Stocks |
1,879,629,257 | |||||||
|
|
|
|||||||
| Warrants—0.0% |
| |||||||
| Switzerland—0.0% | ||||||||
| Cie Financiere Richemont S.A. Expires 11/22/2023 (b) |
298,538 | 140,948 | ||||||
|
|
|
|||||||
| Short-Term Investment—0.9% |
| |||||||
| Repurchase Agreement—0.9% | ||||||||
| Fixed Income Clearing Corp. |
17,533,453 | 17,533,453 | ||||||
|
|
|
|||||||
| Total Short-Term Investments |
17,533,453 | |||||||
|
|
|
|||||||
| Securities Lending Reinvestments (c)—1.1% |
| |||||||
| Repurchase Agreements—0.9% | ||||||||
| Barclays Bank plc |
4,000,000 | 4,000,000 | ||||||
| Barclays Capital, Inc. |
2,404,659 | 2,404,659 | ||||||
| Cantor Fitzgerald & Co. |
1,000,000 | 1,000,000 | ||||||
BHFTI-261
Brighthouse Funds Trust I
MFS Research International Portfolio
Schedule of Investments as of September 30, 2021 (Unaudited)
Securities Lending Reinvestments (c)—(Continued)
| Security Description | Shares/ Principal Amount* |
Value | ||||||
| Repurchase Agreements—(Continued) | ||||||||
| CF Secured LLC |
1,154,061 | $ | 1,154,061 | |||||
| Deutsche Bank AG, London |
500,000 | 500,000 | ||||||
| ING Financial Markets LLC |
4,000,000 | 4,000,000 | ||||||
| Societe Generale | ||||||||
| Repurchase Agreement dated 09/30/21 at 0.050%, due on 10/01/21 with a maturity value of $160,000; collateralized by U.S. Treasury Obligations with rates ranging from 0.000% - 6.750%, maturity dates ranging from 10/21/21 - 02/15/49, and an aggregate market value of $163,208. |
160,000 | 160,000 | ||||||
| Repurchase Agreement dated 09/30/21 at 0.170%, due on 10/01/21 with a maturity value of $4,000,019; collateralized by various Common Stock with an aggregate market value of $4,444,533. |
4,000,000 | 4,000,000 | ||||||
|
|
|
|||||||
| 17,218,720 | ||||||||
|
|
|
|||||||
| Time Deposit—0.0% | ||||||||
| Landesbank Baden-Wuettertemberg (London) |
200,000 | 200,000 | ||||||
|
|
|
|||||||
| Mutual Funds—0.2% | ||||||||
| BlackRock Liquidity Funds FedFund, Institutional Shares |
1,000,000 | 1,000,000 | ||||||
| Morgan Stanley Liquidity Funds Government Portfolio, Institutional Shares 0.030% (d) |
1,000,000 | 1,000,000 | ||||||
| STIT-Government & Agency Portfolio, Institutional Class |
1,000,000 | 1,000,000 | ||||||
|
|
|
|||||||
| 3,000,000 | ||||||||
|
|
|
|||||||
| Total Securities Lending Reinvestments |
20,418,720 | |||||||
|
|
|
|||||||
| Total Investments—100.8% |
1,917,722,378 | |||||||
| Other assets and liabilities (net)—(0.8)% |
(15,037,668 | ) | ||||||
|
|
|
|||||||
| Net Assets—100.0% | $ | 1,902,684,710 | ||||||
|
|
|
|||||||
| * | Principal amount stated in U.S. dollars unless otherwise noted. | |||
| (a) | All or a portion of the security was held on loan. As of September 30, 2021, the market value of securities loaned was $47,717,869 and the collateral received consisted of cash in the amount of $20,418,720 and non-cash collateral with a value of $29,761,989. The cash collateral investments are disclosed in the Schedule of Investments and categorized as Securities Lending Reinvestments. The non-cash collateral received consists of U.S. government securities that are held in safe-keeping by the lending agent, or a third-party custodian, and cannot be sold or repledged by the Portfolio. | |||
| (b) | Non-income producing security. | |||
| (c) | Represents investment of cash collateral received from securities on loan as of September 30, 2021. | |||
| (d) | The rate shown represents the annualized seven-day yield as of September 30, 2021. | |||
| Ten Largest Industries as of |
% of |
|||
| Pharmaceuticals |
8.8 | |||
| Chemicals |
7.9 | |||
| Banks |
6.2 | |||
| Capital Markets |
5.4 | |||
| Machinery |
5.3 | |||
| Insurance |
5.1 | |||
| Textiles, Apparel & Luxury Goods |
4.7 | |||
| IT Services |
4.5 | |||
| Electrical Equipment |
3.7 | |||
| Food Products |
3.6 | |||
Glossary of Abbreviations
Other Abbreviations
| (NVDR)— | Non-Voting Depository Receipts | |||
| (ADR)— | American Depositary Receipt | |||
BHFTI-262
Brighthouse Funds Trust I
MFS Research International Portfolio
Schedule of Investments as of September 30, 2021 (Unaudited)
Fair Value Hierarchy
Accounting principles generally accepted in the United States of America (“GAAP”) define fair market value as the price that the Portfolio would receive to sell an asset or pay to transfer a liability in an orderly transaction between market participants at the measurement date. It establishes a fair value hierarchy that prioritizes inputs to valuation methods and requires disclosure of the fair value hierarchy, separately for each major category of assets and liabilities, that segregates fair value measurements into three levels. Levels 1, 2 and 3 of the fair value hierarchy are defined as follows:
Level 1 - unadjusted quoted prices in active markets for identical investments
Level 2 - other significant observable inputs (including, but not limited to, quoted prices for similar assets or liabilities in markets that are either active or inactive; inputs other than quoted prices that are observable such as interest rates, yield curves, volatilities, prepayment speeds, loss severities, credit risks, default rates, or other market corroborated inputs)
Level 3 - significant unobservable inputs based on the best information available in the circumstances, to the extent observable inputs are unavailable (including the Portfolio’s own assumptions used in determining the fair value of investments and derivative financial instruments)
The inputs or methodologies used for valuing investments are not necessarily an indication of the risk associated with investing in them. Changes to the inputs or methodologies used may result in transfers between levels. A reconciliation of Level 3 securities, if any, will be disclosed following the fair value hierarchy table. For more information about the Portfolio’s policy regarding the valuation of investments, please refer to the Notes to Schedule of Investments.
The following table summarizes the fair value hierarchy of the Portfolio’s investments as of September 30, 2021:
| Description | Level 1 | Level 2 | Level 3 | Total | ||||||||||||
| Common Stocks |
| |||||||||||||||
| Australia |
$ | — | $ | 52,163,716 | $ | — | $ | 52,163,716 | ||||||||
| Canada |
43,055,995 | — | — | 43,055,995 | ||||||||||||
| China |
41,004,342 | 47,154,791 | — | 88,159,133 | ||||||||||||
| Denmark |
— | 63,352,933 | — | 63,352,933 | ||||||||||||
| France |
— | 162,704,146 | — | 162,704,146 | ||||||||||||
| Germany |
1,021,197 | 148,242,679 | — | 149,263,876 | ||||||||||||
| Greece |
— | 8,733,471 | — | 8,733,471 | ||||||||||||
| Hong Kong |
— | 76,301,190 | — | 76,301,190 | ||||||||||||
| India |
— | 25,782,953 | — | 25,782,953 | ||||||||||||
| Ireland |
8,984,968 | 23,582,641 | — | 32,567,609 | ||||||||||||
| Italy |
— | 11,857,584 | — | 11,857,584 | ||||||||||||
| Japan |
— | 395,622,050 | — | 395,622,050 | ||||||||||||
| Netherlands |
16,852,851 | 110,393,341 | — | 127,246,192 | ||||||||||||
| Portugal |
— | 14,221,065 | — | 14,221,065 | ||||||||||||
| South Korea |
— | 25,321,860 | — | 25,321,860 | ||||||||||||
| Spain |
— | 41,565,574 | — | 41,565,574 | ||||||||||||
| Sweden |
— | 1,592,197 | — | 1,592,197 | ||||||||||||
| Switzerland |
— | 246,157,752 | — | 246,157,752 | ||||||||||||
| Taiwan |
— | 20,032,685 | — | 20,032,685 | ||||||||||||
| Thailand |
7,863,750 | — | — | 7,863,750 | ||||||||||||
| United Kingdom |
— | 183,443,266 | — | 183,443,266 | ||||||||||||
| United States |
80,977,079 | 21,643,181 | — | 102,620,260 | ||||||||||||
| Total Common Stocks |
199,760,182 | 1,679,869,075 | — | 1,879,629,257 | ||||||||||||
| Total Warrants* |
140,948 | — | — | 140,948 | ||||||||||||
| Total Short-Term Investment* |
— | 17,533,453 | — | 17,533,453 | ||||||||||||
| Securities Lending Reinvestments |
| |||||||||||||||
| Repurchase Agreements |
— | 17,218,720 | — | 17,218,720 | ||||||||||||
| Time Deposit |
— | 200,000 | — | 200,000 | ||||||||||||
| Mutual Funds |
3,000,000 | — | — | 3,000,000 | ||||||||||||
| Total Securities Lending Reinvestments |
3,000,000 | 17,418,720 | — | 20,418,720 | ||||||||||||
| Total Investments |
$ | 202,901,130 | $ | 1,714,821,248 | $ | — | $ | 1,917,722,378 | ||||||||
| Collateral for Securities Loaned (Liability) |
$ | — | $ | (20,418,720 | ) | $ | — | $ | (20,418,720 | ) | ||||||
| * | See Schedule of Investments for additional detailed categorizations. | |||
BHFTI-263
Brighthouse Funds Trust I
Morgan Stanley Discovery Portfolio
Schedule of Investments as of September 30, 2021 (Unaudited)
Common Stocks—92.2% of Net Assets
| Security Description | Shares |
Value | ||||||
| Aerospace & Defense—3.6% | ||||||||
| Axon Enterprise, Inc. (a) (b) |
473,431 | $ | 82,859,894 | |||||
|
|
|
|||||||
| Biotechnology—2.0% | ||||||||
| Alnylam Pharmaceuticals, Inc. (a) (b) |
97,552 | 18,418,793 | ||||||
| Exact Sciences Corp. (a) (b) |
113,358 | 10,820,021 | ||||||
| Ginkgo Bioworks Holdings, Inc. (a) (b) |
523,357 | 6,065,708 | ||||||
| Intellia Therapeutics, Inc. (a) (b) |
74,304 | 9,967,881 | ||||||
|
|
|
|||||||
| 45,272,403 | ||||||||
|
|
|
|||||||
| Capital Markets—0.5% | ||||||||
| Coinbase Global, Inc. - Class A (a) (b) |
48,278 | 10,982,279 | ||||||
|
|
|
|||||||
| Entertainment—4.4% | ||||||||
| ROBLOX Corp. - Class A (a) (b) |
1,079,509 | 81,556,905 | ||||||
| Roku, Inc. (a) |
66,313 | 20,779,178 | ||||||
|
|
|
|||||||
| 102,336,083 | ||||||||
|
|
|
|||||||
| Health Care Providers & Services—4.3% | ||||||||
| Agilon Health Topco, Inc.† (a) (c) |
1,294,600 | 33,365,828 | ||||||
| Agilon Health, Inc. (a) |
350,550 | 9,187,916 | ||||||
| Covetrus, Inc. (a) |
1,237,682 | 22,451,551 | ||||||
| Guardant Health, Inc. (a) (b) |
187,522 | 23,442,125 | ||||||
| Oak Street Health, Inc. (a) (b) |
261,171 | 11,107,603 | ||||||
|
|
|
|||||||
| 99,555,023 | ||||||||
|
|
|
|||||||
| Health Care Technology—4.5% | ||||||||
| GoodRx Holdings, Inc. - Class A (a) (b) |
910,801 | 37,361,057 | ||||||
| Teladoc Health, Inc. (a) (b) |
60,939 | 7,727,675 | ||||||
| Veeva Systems, Inc. - Class A (a) |
198,853 | 57,303,469 | ||||||
|
|
|
|||||||
| 102,392,201 | ||||||||
|
|
|
|||||||
| Interactive Media & Services—12.1% | ||||||||
| Pinterest, Inc. - Class A (a) (b) |
1,599,244 | 81,481,482 | ||||||
| Twitter, Inc. (a) |
1,767,938 | 106,765,776 | ||||||
| Zillow Group, Inc. - Class C (a) (b) |
305,548 | 26,931,001 | ||||||
| ZoomInfo Technologies, Inc. - Class A (a) |
1,031,224 | 63,100,596 | ||||||
|
|
|
|||||||
| 278,278,855 | ||||||||
|
|
|
|||||||
| Internet & Direct Marketing Retail—7.4% | ||||||||
| Farfetch, Ltd. - Class A (a) (b) |
835,269 | 31,305,882 | ||||||
| Overstock.com, Inc. (a) (b) |
479,344 | 37,350,485 | ||||||
| Stitch Fix, Inc. - Class A (a) (b) |
637,943 | 25,485,823 | ||||||
| Wayfair, Inc. - Class A (a) (b) |
298,326 | 76,225,276 | ||||||
|
|
|
|||||||
| 170,367,466 | ||||||||
|
|
|
|||||||
| IT Services—19.2% | ||||||||
| Affirm Holdings, Inc. (a) (b) |
1,057,778 | 126,013,093 | ||||||
| Fastly, Inc. - Class A (a) (b) |
1,498,036 | 60,580,576 | ||||||
| Marqeta, Inc. - Class A (a) (b) |
935,502 | 20,693,304 | ||||||
| MongoDB, Inc. (a) (b) |
247,884 | 116,879,785 | ||||||
| Okta, Inc. (a) |
489,786 | $ | 116,245,809 | |||||
|
|
|
|||||||
| 440,412,567 | ||||||||
|
|
|
|||||||
| Leisure Products—0.8% | ||||||||
| Peloton Interactive, Inc. - Class A (a) (b) |
212,217 | 18,473,490 | ||||||
|
|
|
|||||||
| Life Sciences Tools & Services—1.8% | ||||||||
| 10X Genomics, Inc. - Class A (a) (b) |
153,298 | 22,317,123 | ||||||
| NanoString Technologies, Inc. (a) (b) |
418,854 | 20,109,180 | ||||||
|
|
|
|||||||
| 42,426,303 | ||||||||
|
|
|
|||||||
| Metals & Mining—0.3% | ||||||||
| Royal Gold, Inc. (b) |
65,513 | 6,255,836 | ||||||
|
|
|
|||||||
| Pharmaceuticals—2.4% | ||||||||
| Royalty Pharma plc - Class A |
1,526,418 | 55,164,747 | ||||||
|
|
|
|||||||
| Real Estate Management & Development—1.6% | ||||||||
| Opendoor Technologies, Inc. (a) (b) |
553,552 | 11,364,423 | ||||||
| Redfin Corp. (a) (b) |
510,382 | 25,570,138 | ||||||
|
|
|
|||||||
| 36,934,561 | ||||||||
|
|
|
|||||||
| Software—23.0% | ||||||||
| Asana, Inc. - Class A (a) |
233,267 | 24,222,445 | ||||||
| Bill.com Holdings, Inc. (a) (b) |
311,429 | 83,135,972 | ||||||
| Cipher Mining, Inc. † (a) (c) |
1,260,988 | 12,604,039 | ||||||
| Cloudflare, Inc. - Class A (a) |
1,085,997 | 122,337,562 | ||||||
| Confluent, Inc. - Class A (a) (b) |
238,214 | 14,209,465 | ||||||
| Coupa Software, Inc. (a) (b) |
176,603 | 38,707,845 | ||||||
| ironSource, Ltd. - Class A† (a) (c) |
2,365,584 | 25,285,247 | ||||||
| ironSource, Ltd. - Class A (a) (b) |
677,417 | 7,363,523 | ||||||
| MicroStrategy, Inc. - Class A (a) (b) |
16,184 | 9,360,826 | ||||||
| Palantir Technologies, Inc. - Class A (a) |
1,292,941 | 31,082,302 | ||||||
| Procore Technologies, Inc. (a) (b) |
116,769 | 10,432,142 | ||||||
| Qualtrics International, Inc. - Class A (a) (b) |
419,855 | 17,944,603 | ||||||
| Trade Desk, Inc. (The) - Class A (a) (b) |
808,271 | 56,821,451 | ||||||
| UiPath, Inc. - Class A (a) (b) |
205,446 | 10,808,514 | ||||||
| Unity Software, Inc. (a) (b) |
497,088 | 62,757,360 | ||||||
|
|
|
|||||||
| 527,073,296 | ||||||||
|
|
|
|||||||
| Special Purpose Acquisition Companies—0.8% | ||||||||
| BowX Acquisition Corp. - Class A (a) (b) |
1,177,713 | 11,777,130 | ||||||
| Reinvent Technology Partners Y† (a) (c) |
813,259 | 7,268,096 | ||||||
|
|
|
|||||||
| 19,045,226 | ||||||||
|
|
|
|||||||
| Specialty Retail—3.5% | ||||||||
| Carvana Co. (a) (b) |
266,683 | 80,415,592 | ||||||
|
|
|
|||||||
| Total Common Stocks |
2,118,245,822 | |||||||
|
|
|
|||||||
| Convertible Preferred Stock—0.7% |
| |||||||
| Software—0.7% | ||||||||
| Databricks, Inc. Series H† (a) (c) (d) |
76,611 | 16,889,079 | ||||||
BHFTI-264
Brighthouse Funds Trust I
Morgan Stanley Discovery Portfolio
Schedule of Investments as of September 30, 2021 (Unaudited)
Preferred Stocks—0.1%
| Security Description | Shares/ Amount* |
Value | ||||||
| Internet & Direct Marketing Retail—0.1% | ||||||||
| Overstock.com, Inc. - Series A-1 |
17,118 | $ | 1,228,216 | |||||
|
|
|
|||||||
| Warrants—0.0% |
| |||||||
| Biotechnology—0.0% | ||||||||
| Ginkgo Bioworks Holding, Inc., Expires 08/01/26 |
104,671 | 354,835 | ||||||
|
|
|
|||||||
| Escrow Shares—0.0% |
| |||||||
| Internet & Direct Marketing Retail — 0.0% | ||||||||
| Flipkart Escrow Receivable† (a) (c) (d) |
60,812 | 24,933 | ||||||
|
|
|
|||||||
| Short-Term Investment—7.4% |
| |||||||
| Repurchase Agreement—7.4% | ||||||||
| Fixed Income Clearing Corp. |
169,364,445 | 169,364,445 | ||||||
|
|
|
|||||||
| Total Short-Term Investments |
169,364,445 | |||||||
|
|
|
|||||||
| Securities Lending Reinvestments (e)—21.7% |
| |||||||
| Certificates of Deposit—9.9% | ||||||||
| Agricultural Bank of China |
5,000,000 | 5,000,200 | ||||||
| Bank of Montreal (Chicago) |
12,000,000 | 11,999,784 | ||||||
| Barclays Bank plc |
20,000,000 | 20,011,540 | ||||||
| Cooperatieve Rabobank UA | ||||||||
| 0.159%, 3M LIBOR + 0.040%, 01/11/22 (f) |
10,000,000 | 10,001,400 | ||||||
| 0.170%, 03/18/22 |
15,000,000 | 15,000,000 | ||||||
| Credit Industriel et Commercial |
20,000,000 | 19,999,200 | ||||||
| Goldman Sachs Bank USA |
25,000,000 | 25,001,750 | ||||||
| Mizuho Bank, Ltd. |
15,000,000 | 14,999,265 | ||||||
| National Australia Bank, Ltd. |
7,000,000 | 6,999,650 | ||||||
| Natixis S.A. (New York) |
11,000,000 | 11,001,683 | ||||||
| Security Description | Principal Amount* |
Value | ||||||
| Certificates of Deposit—(Continued) | ||||||||
| Oversea-Chinese Banking Corp., Ltd. |
5,000,000 | 5,000,270 | ||||||
| Royal Bank of Canada New York | ||||||||
| 0.185%, 3M LIBOR + 0.040%, 10/05/21 (f) |
5,000,000 | 5,000,055 | ||||||
| 0.210%, 3M LIBOR + 0.090%, 12/02/21 (f) |
5,000,000 | 5,000,870 | ||||||
| Societe Generale | ||||||||
| 0.140%, 01/05/22 |
10,000,000 | 10,000,000 | ||||||
| 0.150%, 03/15/22 |
2,000,000 | 1,999,908 | ||||||
| Standard Chartered Bank (NY) | ||||||||
| 0.150%, 02/02/22 |
15,000,000 | 15,000,000 | ||||||
| 0.170%, 03/28/22 |
5,000,000 | 5,000,000 | ||||||
| Sumitomo Mitsui Banking Corp. | ||||||||
| 0.142%, 1M LIBOR + 0.060%, 12/17/21 (f) |
15,000,000 | 15,000,360 | ||||||
| 0.150%, SOFR + 0.100%, 03/15/22 (f) |
7,000,000 | 6,999,391 | ||||||
| Sumitomo Mitsui Trust Bank (London) |
5,000,000 | 4,999,750 | ||||||
| Sumitomo Mitsui Trust Bank, Ltd. | ||||||||
| Zero Coupon, 02/10/22 |
2,000,000 | 1,998,880 | ||||||
| Zero Coupon, 03/21/22 |
5,000,000 | 4,995,900 | ||||||
| 0.060%, 10/05/21 |
5,000,000 | 4,999,970 | ||||||
| Svenska Handelsbanken AB |
1,000,000 | 1,000,121 | ||||||
|
|
|
|||||||
| 227,009,947 | ||||||||
|
|
|
|||||||
| Commercial Pape—1.2% | ||||||||
| Antalis S.A. |
7,000,000 | 6,999,622 | ||||||
| Bedford Row Funding Corp. |
6,000,000 | 6,000,366 | ||||||
| UBS AG |
15,000,000 | 14,986,088 | ||||||
|
|
|
|||||||
| 27,986,076 | ||||||||
|
|
|
|||||||
| Repurchase Agreements—7.3% | ||||||||
| Barclays Capital, Inc. |
602,266 | 602,266 | ||||||
| BofA Securities, Inc. |
10,000,000 | 10,000,000 | ||||||
BHFTI-265
Brighthouse Funds Trust I
Morgan Stanley Discovery Portfolio
Schedule of Investments as of September 30, 2021 (Unaudited)
Securities Lending Reinvestments (e)—(Continued)
| Security Description | Principal Amount* |
Value | ||||||
| Repurchase Agreements—(Continued) | ||||||||
| Citigroup Global Markets Ltd. |
10,000,000 | $ | 10,000,000 | |||||
| Citigroup Global Markets, Inc. | ||||||||
| Repurchase Agreement dated 09/30/21 at 0.420%, due on 11/04/21 with a maturity value of $15,006,125; collateralized by U.S. Treasury Obligations with rates ranging from 1.000% - 4.500%, maturity dates ranging from 05/15/27 - 05/15/40, and various Common Stock with an aggregate market value of $16,300,092. |
15,000,000 | 15,000,000 | ||||||
| Repurchase Agreement dated 09/30/21 at 0.420%, due on 11/04/21 with a maturity value of $2,000,817; collateralized by U.S. Treasury Obligations with rates ranging from 0.500% - 4.500%, maturity dates ranging from 02/28/26 - 08/15/39, and an aggregate market value of $2,045,681. |
2,000,000 | 2,000,000 | ||||||
| Repurchase Agreement dated 09/30/21 at 0.420%, due on 11/04/21 with a maturity value of $4,001,633; collateralized by various Common Stock with an aggregate market value of $4,400,000. |
4,000,000 | 4,000,000 | ||||||
| Deutsche Bank AG, London |
2,800,000 | 2,800,000 | ||||||
| National Bank of Canada |
53,000,000 | 53,000,000 | ||||||
| NBC Global Finance, Ltd. | ||||||||
| Repurchase Agreement dated 09/30/21 at 0.235%, due on 10/07/21 with a maturity value of $6,700,306; collateralized by U.S. Treasury Obligations with rates ranging from 0.095% - 2.250%, maturity dates ranging from 07/31/22 - 11/15/27, and various Common Stock with an aggregate market value of $7,437,209. |
6,700,000 | 6,700,000 | ||||||
| Repurchase Agreement dated 09/30/21 at 0.250%, due on 10/07/21 with a maturity value of $3,000,146; collateralized by U.S. Treasury Obligations with rates ranging from 0.095% - 2.000%, maturity dates ranging from 07/31/22 - 02/15/50, and various Common Stock with an aggregate market value of $3,331,855. |
3,000,000 | 3,000,000 | ||||||
| Royal Bank of Canada Toronto |
10,000,000 | 10,000,000 | ||||||
| Repurchase Agreements—(Continued) | ||||||||
| Societe Generale | ||||||||
| Repurchase Agreement dated 09/30/21 at 0.050%, due on 10/01/21 with a maturity value of $40,000,056; collateralized by U.S. Treasury Obligations with rates ranging from 0.000% - 6.750%, maturity dates ranging from 10/21/21 - 02/15/49, and an aggregate market value of $40,802,041. |
40,000,000 | 40,000,000 | ||||||
| Repurchase Agreement dated 09/30/21 at 0.200%, due on 10/07/21 with a maturity value of $10,000,389; collateralized by various Common Stock with an aggregate market value of $11,111,331. |
10,000,000 | 10,000,000 | ||||||
|
|
|
|||||||
| 167,102,266 | ||||||||
|
|
|
|||||||
| Time Deposits—1.9% | ||||||||
| ABN AMRO Bank NV |
5,000,000 | 5,000,000 | ||||||
| First Abu Dhabi Bank USA NV |
9,000,000 | 9,000,000 | ||||||
| Landesbank Baden-Wuettertemberg (London) |
5,100,000 | 5,100,000 | ||||||
| National Bank of Canada |
20,000,000 | 20,000,000 | ||||||
| Skandi New York |
5,000,000 | 5,000,000 | ||||||
|
|
|
|||||||
| 44,100,000 | ||||||||
|
|
|
|||||||
| Mutual Funds—1.4% | ||||||||
| BlackRock Liquidity Funds FedFund, Institutional Shares |
10,000,000 | 10,000,000 | ||||||
| Goldman Sachs Financial Square Government Fund, Institutional Shares 0.030% (g) |
13,000,000 | 13,000,000 | ||||||
| STIT-Government & Agency Portfolio, Institutional Class |
10,000,000 | 10,000,000 | ||||||
|
|
|
|||||||
| 33,000,000 | ||||||||
|
|
|
|||||||
| Total Securities Lending Reinvestments |
499,198,289 | |||||||
|
|
|
|||||||
| Total Purchased Options—0.1% |
2,486,711 | |||||||
| Total Investments—122.2% |
2,807,792,330 | |||||||
| Other assets and liabilities (net) —(22.2)% |
(510,631,337 | ) | ||||||
|
|
|
|||||||
| Net Assets—100.0% | $ | 2,297,160,993 | ||||||
|
|
|
|||||||
BHFTI-266
Brighthouse Funds Trust I
Morgan Stanley Discovery Portfolio
Schedule of Investments as of September 30, 2021 (Unaudited)
| * | Principal and notional amounts stated in U.S. dollars unless otherwise noted. | |||
| † | Restricted securities are not registered under the Securities Act of 1933 and are subject to legal restrictions on resale. These securities generally may be resold in transactions exempt from registration or to the public if the securities are subsequently registered. Disposal of these securities may involve time-consuming negotiations and prompt sale at an acceptable price may be difficult. As of September 30, 2021, the market value of restricted securities was $95,437,222, which is 4.2% of net assets. See details shown in the Restricted Securities table that follows. | |||
| (a) | Non-income producing security. | |||
| (b) | All or a portion of the security was held on loan. As of September 30, 2021, the market value of securities loaned was $584,996,995 and the collateral received consisted of cash in the amount of $499,155,402 and non-cash collateral with a value of $97,786,064. The cash collateral investments are disclosed in the Schedule of Investments and categorized as Securities Lending Reinvestments. The non-cash collateral received consists of U.S. government securities that are held in safe-keeping by the lending agent, or a third-party custodian, and cannot be sold or repledged by the Portfolio. | |||
| (c) | Security was valued in good faith under procedures approved by the Board of Trustees. As of September 30, 2021, these securities represent 4.2% of net assets. | |||
| (d) | Significant unobservable inputs were used in the valuation of this portfolio security; i.e. Level 3. | |||
| (e) | Represents investment of cash collateral received from securities on loan as of September 30, 2021. | |||
| (f) | Variable or floating rate security. The stated rate represents the rate at September 30, 2021. Maturity date shown for callable securities reflects the earliest possible call date. For securities based on a published reference index and spread, the index and spread are indicated in the description above. For certain variable rate securities, the coupon rate is determined by the issuer/agent based on current market conditions. For certain asset- and mortgage-backed securities, the coupon rate may fluctuate based on changes of the underlying collateral or prepayments of principal. These securities do not indicate a reference index and spread in their description above. | |||
| (g) | The rate shown represents the annualized seven-day yield as of September 30, 2021. | |||
| Restricted Securities |
Acquisition Date |
Shares | Cost | Value | ||||||||||||
| Agilon Health Topco, Inc. |
11/07/18 | 1,294,600 | $ | 4,895,659 | $ | 33,365,828 | ||||||||||
| Databricks, Inc.—Series H |
08/31/21 | 76,611 | 16,889,079 | 16,889,079 | ||||||||||||
| Flipkart Escrow Receivable |
08/20/18 | 60,812 | — | 24,933 | ||||||||||||
| Good Works Acquisiton Corp. |
03/04/21 | 1,260,988 | 12,609,880 | 12,604,039 | ||||||||||||
| ironSource Ltd.—Class A |
03/19/21 | 2,365,584 | 23,655,840 | 25,285,247 | ||||||||||||
| Reinvent Technology Partners Y |
07/14/21 | 813,259 | 8,132,590 | 7,268,096 | ||||||||||||
|
|
|
|||||||||||||||
| $ | 95,437,222 | |||||||||||||||
|
|
|
|||||||||||||||
Purchased Options
| Foreign Currency Options |
Strike Price |
Counterparty | Expiration Date |
Number of Contracts |
Notional Amount |
Premiums Paid |
Market Value |
Unrealized Appreciation/ (Depreciation) |
||||||||||||||||||||||||||||
| USD Call/CNH Put |
CNH | 7.641 | BNP | 11/11/21 | 392,236,912 | USD | 392,236,912 | $ | 2,130,103 | $ | 392 | $ | (2,129,711 | ) | ||||||||||||||||||||||
| USD Call/CNH Put |
CNH | 7.449 | BNP | 01/06/22 | 483,344,853 | USD | 483,344,853 | 2,580,085 | 12,084 | (2,568,001 | ) | |||||||||||||||||||||||||
| USD Call/CNH Put |
CNH | 7.570 | GSI | 03/30/22 | 471,242,125 | USD | 471,242,125 | 2,340,690 | 159,751 | (2,180,939 | ) | |||||||||||||||||||||||||
| USD Call/CNH Put |
CNH | 7.275 | JPMC | 07/22/22 | 537,625,611 | USD | 537,625,611 | 2,504,712 | 1,362,343 | (1,142,369 | ) | |||||||||||||||||||||||||
| USD Call/CNH Put |
CNH | 7.375 | JPMC | 07/27/22 | 154,567,411 | USD | 154,567,411 | 819,980 | 331,547 | (488,433 | ) | |||||||||||||||||||||||||
| USD Call/CNH Put |
CNH | 7.310 | JPMC | 08/05/22 | 240,447,105 | USD | 240,447,105 | 1,633,117 | 620,594 | (1,012,523 | ) | |||||||||||||||||||||||||
|
|
|
|
|
|
|
|||||||||||||||||||||||||||||||
| Totals |
|
$ | 12,008,687 | $ | 2,486,711 | $ | (9,521,976 | ) | ||||||||||||||||||||||||||||
|
|
|
|
|
|
|
|||||||||||||||||||||||||||||||
Glossary of Abbreviations
Counterparties
| (BNP)— | BNP Paribas S.A. | |
| (GSI)— | Goldman Sachs International | |
| (JPMC)— | JPMorgan Chase Bank N.A. |
Currencies
| (CNH)— | Chinese Renminbi | |
| (USD)— | United States Dollar |
Index Abbreviations
| (BSBY)— | Bloomberg Short-Term Bank Yield Index | |
| (LIBOR)— | London Interbank Offered Rate | |
| (OBFR)— | U.S. Overnight Bank Funding Rate | |
| (SOFR)— | Secured Overnight Financing Rate |
BHFTI-267
Brighthouse Funds Trust I
Morgan Stanley Discovery Portfolio
Schedule of Investments as of September 30, 2021 (Unaudited)
Fair Value Hierarchy
Accounting principles generally accepted in the United States of America (“GAAP”) define fair market value as the price that the Portfolio would receive to sell an asset or pay to transfer a liability in an orderly transaction between market participants at the measurement date. It establishes a fair value hierarchy that prioritizes inputs to valuation methods and requires disclosure of the fair value hierarchy, separately for each major category of assets and liabilities, that segregates fair value measurements into three levels. Levels 1, 2 and 3 of the fair value hierarchy are defined as follows:
Level 1 - unadjusted quoted prices in active markets for identical investments
Level 2 - other significant observable inputs (including, but not limited to, quoted prices for similar assets or liabilities in markets that are either active or inactive; inputs other than quoted prices that are observable such as interest rates, yield curves, volatilities, prepayment speeds, loss severities, credit risks, default rates, or other market corroborated inputs)
Level 3 - significant unobservable inputs based on the best information available in the circumstances, to the extent observable inputs are unavailable (including the Portfolio’s own assumptions used in determining the fair value of investments and derivative financial instruments)
The inputs or methodologies used for valuing investments are not necessarily an indication of the risk associated with investing in them. Changes to the inputs or methodologies used may result in transfers between levels. A reconciliation of Level 3 securities, if any, will be disclosed following the fair value hierarchy table. For more information about the Portfolio’s policy regarding the valuation of investments, please refer to the Notes to Schedule of Investments.
The following table summarizes the fair value hierarchy of the Portfolio’s investments as of September 30, 2021:
| Description | Level 1 | Level 2 | Level 3 | Total | ||||||||||||
| Common Stocks |
| |||||||||||||||
| Aerospace & Defense |
$ | 82,859,894 | $ | — | $ | — | $ | 82,859,894 | ||||||||
| Biotechnology |
45,272,403 | — | — | 45,272,403 | ||||||||||||
| Capital Markets |
10,982,279 | — | — | 10,982,279 | ||||||||||||
| Entertainment |
102,336,083 | — | — | 102,336,083 | ||||||||||||
| Health Care Providers & Services |
66,189,195 | 33,365,828 | — | 99,555,023 | ||||||||||||
| Health Care Technology |
102,392,201 | — | — | 102,392,201 | ||||||||||||
| Interactive Media & Services |
278,278,855 | — | — | 278,278,855 | ||||||||||||
| Internet & Direct Marketing Retail |
170,367,466 | — | — | 170,367,466 | ||||||||||||
| IT Services |
440,412,567 | — | — | 440,412,567 | ||||||||||||
| Leisure Products |
18,473,490 | — | — | 18,473,490 | ||||||||||||
| Life Sciences Tools & Services |
42,426,303 | — | — | 42,426,303 | ||||||||||||
| Metals & Mining |
6,255,836 | — | — | 6,255,836 | ||||||||||||
| Pharmaceuticals |
55,164,747 | — | — | 55,164,747 | ||||||||||||
| Real Estate Management & Development |
36,934,561 | — | — | 36,934,561 | ||||||||||||
| Software |
489,184,010 | 37,889,286 | — | 527,073,296 | ||||||||||||
| Special Purpose Acquisition Companies |
11,777,130 | 7,268,096 | — | 19,045,226 | ||||||||||||
| Specialty Retail |
80,415,592 | — | — | 80,415,592 | ||||||||||||
| Total Common Stocks |
2,039,722,612 | 78,523,210 | — | 2,118,245,822 | ||||||||||||
| Total Convertible Preferred Stock* |
— | — | 16,889,079 | 16,889,079 | ||||||||||||
| Total Preferred Stock* |
1,228,216 | — | — | 1,228,216 | ||||||||||||
| Total Warrants* |
354,835 | — | — | 354,835 | ||||||||||||
| Total Escrow Shares* |
— | — | 24,933 | 24,933 | ||||||||||||
| Total Short-Term Investment* |
— | 169,364,445 | — | 169,364,445 | ||||||||||||
| Securities Lending Reinvestments |
| |||||||||||||||
| Certificates of Deposit |
— | 227,009,947 | — | 227,009,947 | ||||||||||||
| Commercial Paper |
— | 27,986,076 | — | 27,986,076 | ||||||||||||
| Repurchase Agreements |
— | 167,102,266 | — | 167,102,266 | ||||||||||||
| Time Deposits |
— | 44,100,000 | — | 44,100,000 | ||||||||||||
| Mutual Funds |
33,000,000 | — | — | 33,000,000 | ||||||||||||
| Total Securities Lending Reinvestments |
33,000,000 | 466,198,289 | — | 499,198,289 | ||||||||||||
| Total Purchased Options at Value |
— | 2,486,711 | — | 2,486,711 | ||||||||||||
| Total Investments |
$ | 2,074,305,663 | $ | 716,572,655 | $ | 16,914,012 | $ | 2,807,792,330 | ||||||||
| Collateral for Securities Loaned (Liability) |
$ | — | $ | (499,155,402 | ) | $ | — | $ | (499,155,402 | ) | ||||||
| * | See Schedule of Investments for additional detailed categorizations. |
Level 3 investments at the beginning and/or end of the period in relation to net assets were not significant and accordingly, a reconciliation of Level 3 assets for the period ended September 30, 2021 is not presented.
During the period ended September 30, 2021, a transfer from Level 3 to Level 2 in the amount of $7,631,408 was due to the initiation of trading activity which resulted in the availability of significant observable inputs.
BHFTI-268
Brighthouse Funds Trust I
PanAgora Global Diversified Risk Portfolio
Consolidated Schedule of Investments as of September 30, 2021 (Unaudited)
Foreign Government—20.9% of Net Assets
| Security Description | Shares/ Principal |
Value | ||||||
| Sovereign—20.9% | ||||||||
| Deutsche Bundesrepublik Inflation Linked Bond |
7,349,168 | $ | 10,510,803 | |||||
| French Republic Government Bond OAT |
7,798,325 | 12,890,361 | ||||||
| Italy Buoni Poliennali Del Tesoro | ||||||||
| 1.250%, 09/15/32 (144A) (EUR)(a) |
3,579,174 | 5,017,610 | ||||||
| 2.600%, 09/15/23 (144A) (EUR)(a) |
1,709,554 | 2,182,248 | ||||||
| United Kingdom Gilt Inflation Linked Bond |
9,874,970 | 22,557,275 | ||||||
|
|
|
|||||||
| Total Foreign Government |
53,158,297 | |||||||
|
|
|
|||||||
| Common Stocks—11.6% | ||||||||
| Aerospace & Defense—0.1% | ||||||||
| Elbit Systems, Ltd. |
165 | 23,939 | ||||||
| General Dynamics Corp. |
86 | 16,859 | ||||||
| Howmet Aerospace, Inc. |
462 | 14,414 | ||||||
| Huntington Ingalls Industries, Inc. |
66 | 12,742 | ||||||
| L3Harris Technologies, Inc. |
58 | 12,774 | ||||||
| Lockheed Martin Corp. |
59 | 20,361 | ||||||
| MTU Aero Engines AG |
22 | 4,974 | ||||||
| Northrop Grumman Corp. |
68 | 24,490 | ||||||
| Raytheon Technologies Corp. |
372 | 31,977 | ||||||
| Safran S.A. |
66 | 8,275 | ||||||
| Textron, Inc. |
178 | 12,426 | ||||||
| TransDigm Group, Inc. (b) |
21 | 13,116 | ||||||
|
|
|
|||||||
| 196,347 | ||||||||
|
|
|
|||||||
| Air Freight & Logistics—0.0% | ||||||||
| C.H. Robinson Worldwide, Inc. |
211 | 18,357 | ||||||
| DSV A/S |
67 | 15,996 | ||||||
| Expeditors International of Washington, Inc. |
329 | 39,194 | ||||||
| United Parcel Service, Inc. - Class B |
78 | 14,204 | ||||||
| Yamato Holdings Co., Ltd. |
600 | 15,211 | ||||||
|
|
|
|||||||
| 102,962 | ||||||||
|
|
|
|||||||
| Airlines—0.0% | ||||||||
| Air Canada (b) |
392 | 7,158 | ||||||
| Alaska Air Group, Inc. (b) |
228 | 13,361 | ||||||
| American Airlines Group, Inc. (b) |
353 | 7,243 | ||||||
| ANA Holdings, Inc. (b) |
1,300 | 33,752 | ||||||
| Delta Air Lines, Inc. (b) |
247 | 10,525 | ||||||
| Southwest Airlines Co. (b) |
310 | 15,943 | ||||||
|
|
|
|||||||
| 87,982 | ||||||||
|
|
|
|||||||
| Auto Components—0.0% | ||||||||
| BorgWarner, Inc. |
411 | 17,759 | ||||||
| Denso Corp. |
300 | 19,667 | ||||||
| Magna International, Inc. |
373 | 28,071 | ||||||
| Stanley Electric Co., Ltd. |
600 | 15,124 | ||||||
| Sumitomo Electric Industries, Ltd. |
700 | 9,338 | ||||||
|
|
|
|||||||
| 89,959 | ||||||||
|
|
|
|||||||
| Security Description |
Shares |
Value | ||||||
| Automobiles—0.0% | ||||||||
| Ferrari NV |
35 | $ | 7,327 | |||||
| Ford Motor Co. (b) |
1,063 | 15,052 | ||||||
| Honda Motor Co., Ltd. |
400 | 12,336 | ||||||
| Isuzu Motors, Ltd. |
700 | 9,197 | ||||||
| Renault S.A. (b) |
162 | 5,779 | ||||||
| Stellantis NV (Milan-Traded Shares) |
854 | 16,307 | ||||||
| Subaru Corp. |
500 | 9,285 | ||||||
|
|
|
|||||||
| 75,283 | ||||||||
|
|
|
|||||||
| Banks—0.3% | ||||||||
| ABN AMRO Bank NV (b) |
1,431 | 20,590 | ||||||
| Banco Santander S.A. |
2,376 | 8,606 | ||||||
| Bank Leumi Le-Israel B.M. |
5,327 | 45,218 | ||||||
| Bank of America Corp. |
695 | 29,503 | ||||||
| Bank of Montreal |
294 | 29,351 | ||||||
| Bank of Nova Scotia (The) |
409 | 25,174 | ||||||
| BOC Hong Kong Holdings, Ltd. |
6,000 | 17,975 | ||||||
| Canadian Imperial Bank of Commerce |
295 | 32,840 | ||||||
| Chiba Bank, Ltd. (The) |
1,300 | 8,370 | ||||||
| Citizens Financial Group, Inc. |
100 | 4,698 | ||||||
| Comerica, Inc. |
216 | 17,388 | ||||||
| Danske Bank A/S |
1,002 | 16,891 | ||||||
| Fifth Third Bancorp |
693 | 29,411 | ||||||
| Huntington Bancshares, Inc. |
1,176 | 18,181 | ||||||
| Israel Discount Bank, Ltd. - Class A (b) |
1,713 | 9,044 | ||||||
| Japan Post Bank Co., Ltd. |
2,200 | 18,828 | ||||||
| KeyCorp |
1,042 | 22,528 | ||||||
| Mitsubishi UFJ Financial Group, Inc. |
3,700 | 21,602 | ||||||
| Mizrahi Tefahot Bank, Ltd. |
747 | 25,150 | ||||||
| Mizuho Financial Group, Inc. |
1,950 | 27,452 | ||||||
| People’s United Financial, Inc. |
2,608 | 45,562 | ||||||
| Raiffeisen Bank International AG |
542 | 14,100 | ||||||
| Regions Financial Corp. |
748 | 15,940 | ||||||
| Resona Holdings, Inc. |
7,900 | 31,442 | ||||||
| Royal Bank of Canada |
373 | 37,115 | ||||||
| Shizuoka Bank, Ltd. (The) |
1,700 | 13,986 | ||||||
| Skandinaviska Enskilda Banken AB - Class A |
1,128 | 15,894 | ||||||
| Sumitomo Mitsui Financial Group, Inc. |
500 | 17,493 | ||||||
| SVB Financial Group (b) |
28 | 18,113 | ||||||
| Toronto-Dominion Bank (The) |
524 | 34,689 | ||||||
| Truist Financial Corp. |
478 | 28,035 | ||||||
| U.S. Bancorp |
317 | 18,843 | ||||||
| Wells Fargo & Co. |
75 | 3,481 | ||||||
| Zions Bancorp N.A. |
255 | 15,782 | ||||||
|
|
|
|||||||
| 739,275 | ||||||||
|
|
|
|||||||
| Beverages—0.3% | ||||||||
| Anheuser-Busch InBev S.A. |
304 | 17,169 | ||||||
| Asahi Group Holdings, Ltd. |
500 | 24,221 | ||||||
| Brown-Forman Corp. - Class B |
476 | 31,897 | ||||||
| Budweiser Brewing Co. APAC, Ltd. |
1,800 | 4,531 | ||||||
| Carlsberg AS - Class B |
223 | 36,277 | ||||||
| Coca-Cola Co. (The) |
625 | 32,794 | ||||||
| Coca-Cola Europacific Partners plc |
298 | 16,476 | ||||||
BHFTI-269
Brighthouse Funds Trust I
PanAgora Global Diversified Risk Portfolio
Consolidated Schedule of Investments as of September 30, 2021 (Unaudited)
Common Stocks—(Continued)
| Security Description | Shares | Value | ||||||
| Beverages—(Continued) | ||||||||
| Coca-Cola HBC AG |
445 | $ | 14,303 | |||||
| Constellation Brands, Inc. - Class A |
184 | 38,767 | ||||||
| Davide Campari-Milano NV |
2,465 | 34,700 | ||||||
| Diageo plc |
846 | 40,763 | ||||||
| Heineken Holding NV |
193 | 16,777 | ||||||
| Heineken NV |
157 | 16,321 | ||||||
| Ito En, Ltd. |
1,300 | 86,327 | ||||||
| Kirin Holdings Co., Ltd. |
900 | 16,717 | ||||||
| Molson Coors Beverage Co. - Class B |
858 | 39,794 | ||||||
| Monster Beverage Corp. (b) |
604 | 53,653 | ||||||
| PepsiCo, Inc. |
264 | 39,708 | ||||||
| Pernod Ricard S.A. |
165 | 36,083 | ||||||
| Remy Cointreau S.A. |
156 | 30,236 | ||||||
| Suntory Beverage & Food, Ltd. |
900 | 37,388 | ||||||
| Treasury Wine Estates, Ltd. |
3,529 | 31,373 | ||||||
|
|
|
|||||||
| 696,275 | ||||||||
|
|
|
|||||||
| Biotechnology—0.1% | ||||||||
| AbbVie, Inc. |
277 | 29,880 | ||||||
| Amgen, Inc. |
95 | 20,202 | ||||||
| Argenx SE (b) |
130 | 39,234 | ||||||
| Biogen, Inc. (b) |
70 | 19,809 | ||||||
| CSL, Ltd. |
131 | 27,625 | ||||||
| Genmab A/S (b) |
93 | 40,630 | ||||||
| Gilead Sciences, Inc. |
390 | 27,242 | ||||||
| Grifols S.A. |
1,405 | 34,258 | ||||||
| Incyte Corp. (b) |
276 | 18,983 | ||||||
| PeptiDream, Inc. (b) |
300 | 9,767 | ||||||
| Regeneron Pharmaceuticals, Inc. (b) |
47 | 28,443 | ||||||
| Vertex Pharmaceuticals, Inc. (b) |
121 | 21,948 | ||||||
|
|
|
|||||||
| 318,021 | ||||||||
|
|
|
|||||||
| Building Products—0.1% | ||||||||
| A.O. Smith Corp. |
243 | 14,840 | ||||||
| AGC, Inc. |
100 | 5,118 | ||||||
| Assa Abloy AB - Class B |
828 | 24,008 | ||||||
| Carrier Global Corp. |
217 | 11,232 | ||||||
| Fortune Brands Home & Security, Inc. |
211 | 18,868 | ||||||
| Johnson Controls International plc |
346 | 23,556 | ||||||
| Kingspan Group plc |
231 | 22,850 | ||||||
| Lixil Corp. |
400 | 11,623 | ||||||
| Masco Corp. |
301 | 16,720 | ||||||
| Rockwool International A/S - B Shares |
29 | 12,400 | ||||||
| Trane Technologies plc |
162 | 27,969 | ||||||
| Xinyi Glass Holdings, Ltd. |
10,000 | 29,705 | ||||||
|
|
|
|||||||
| 218,889 | ||||||||
|
|
|
|||||||
| Capital Markets—0.2% | ||||||||
| Ameriprise Financial, Inc. |
105 | 27,733 | ||||||
| Amundi S.A. |
76 | 6,409 | ||||||
| ASX, Ltd. |
298 | 17,408 | ||||||
| Bank of New York Mellon Corp. (The) |
286 | 14,826 | ||||||
| Cboe Global Markets, Inc. |
116 | 14,368 | ||||||
| CME Group, Inc. |
61 | 11,796 | ||||||
| Credit Suisse Group AG |
573 | 5,681 | ||||||
| Capital Markets—(Continued) | ||||||||
| Daiwa Securities Group, Inc. |
3,000 | 17,524 | ||||||
| Deutsche Boerse AG |
142 | 23,116 | ||||||
| EQT AB |
362 | 14,911 | ||||||
| Franklin Resources, Inc. |
558 | 16,584 | ||||||
| Intercontinental Exchange, Inc. |
152 | 17,453 | ||||||
| MarketAxess Holdings, Inc. |
15 | 6,310 | ||||||
| Moody’s Corp. |
68 | 24,147 | ||||||
| Morgan Stanley |
307 | 29,874 | ||||||
| Nomura Holdings, Inc. |
1,300 | 6,390 | ||||||
| Northern Trust Corp. |
175 | 18,867 | ||||||
| Raymond James Financial, Inc. |
276 | 25,469 | ||||||
| S&P Global, Inc. |
75 | 31,867 | ||||||
| Singapore Exchange, Ltd. |
1,200 | 8,781 | ||||||
| State Street Corp. |
189 | 16,012 | ||||||
| T. Rowe Price Group, Inc. |
106 | 20,850 | ||||||
| UBS Group AG |
1,081 | 17,274 | ||||||
|
|
|
|||||||
| 393,650 | ||||||||
|
|
|
|||||||
| Chemicals—0.4% | ||||||||
| Air Liquide S.A. |
205 | 32,802 | ||||||
| Air Products & Chemicals, Inc. |
114 | 29,197 | ||||||
| Akzo Nobel NV |
262 | 28,529 | ||||||
| Albemarle Corp. |
222 | 48,611 | ||||||
| Arkema S.A. |
111 | 14,683 | ||||||
| Celanese Corp. |
185 | 27,868 | ||||||
| CF Industries Holdings, Inc. |
777 | 43,372 | ||||||
| Chr Hansen Holding A/S |
260 | 21,233 | ||||||
| Clariant AG |
402 | 7,532 | ||||||
| Corteva, Inc. |
1,073 | 45,152 | ||||||
| Croda International plc |
383 | 43,737 | ||||||
| Dow, Inc. |
495 | 28,492 | ||||||
| DuPont de Nemours, Inc. |
237 | 16,114 | ||||||
| Eastman Chemical Co. |
280 | 28,207 | ||||||
| Ecolab, Inc. |
148 | 30,876 | ||||||
| EMS-Chemie Holding AG |
17 | 16,001 | ||||||
| FMC Corp. |
369 | 33,786 | ||||||
| Givaudan S.A. |
8 | 36,539 | ||||||
| International Flavors & Fragrances, Inc. |
389 | 52,017 | ||||||
| Johnson Matthey plc |
442 | 15,942 | ||||||
| Linde plc |
132 | 38,726 | ||||||
| LyondellBasell Industries NV - Class A |
277 | 25,997 | ||||||
| Mitsubishi Chemical Holdings Corp. |
1,800 | 16,448 | ||||||
| Mitsui Chemicals, Inc. |
500 | 16,787 | ||||||
| Mosaic Co. (The) |
1,020 | 36,434 | ||||||
| Nippon Paint Holdings Co., Ltd. |
975 | 10,606 | ||||||
| Nippon Sanso Holdings Corp. |
800 | 20,132 | ||||||
| Nissan Chemical Corp. |
300 | 17,511 | ||||||
| Novozymes A/S—B Shares |
354 | 24,236 | ||||||
| Nutrien, Ltd. |
331 | 21,484 | ||||||
| PPG Industries, Inc. |
292 | 41,759 | ||||||
| Sherwin-Williams Co. (The) |
132 | 36,924 | ||||||
| Sika AG |
62 | 19,610 | ||||||
| Solvay S.A. |
129 | 16,052 | ||||||
| Sumitomo Chemical Co., Ltd. |
4,000 | 20,866 | ||||||
| Symrise AG |
201 | 26,516 | ||||||
| Toray Industries, Inc. |
2,200 | 14,050 | ||||||
BHFTI-270
Brighthouse Funds Trust I
PanAgora Global Diversified Risk Portfolio
Consolidated Schedule of Investments as of September 30, 2021 (Unaudited)
Common Stocks—(Continued)
| Security Description | Shares | Value | ||||||
| Chemicals—(Continued) | ||||||||
| Tosoh Corp. |
1,000 | $ | 18,146 | |||||
| Umicore S.A. |
245 | 14,518 | ||||||
| Yara International ASA |
278 | 13,759 | ||||||
|
|
|
|||||||
| 1,051,251 | ||||||||
|
|
|
|||||||
| Commercial Services & Supplies—0.1% | ||||||||
| Brambles, Ltd. |
1,541 | 11,986 | ||||||
| Cintas Corp. |
40 | 15,227 | ||||||
| GFL Environmental, Inc. |
314 | 11,674 | ||||||
| Rentokil Initial plc |
1,860 | 14,572 | ||||||
| Republic Services, Inc. |
273 | 32,776 | ||||||
| Ritchie Bros Auctioneers, Inc. |
246 | 15,180 | ||||||
| Rollins, Inc. |
744 | 26,286 | ||||||
| Sohgo Security Services Co., Ltd. |
400 | 18,061 | ||||||
| Waste Management, Inc. |
145 | 21,657 | ||||||
|
|
|
|||||||
| 167,419 | ||||||||
|
|
|
|||||||
| Communications Equipment—0.1% | ||||||||
| Arista Networks, Inc. (b) |
54 | 18,557 | ||||||
| Cisco Systems, Inc. |
486 | 26,453 | ||||||
| F5 Networks, Inc. (b) |
138 | 27,432 | ||||||
| Juniper Networks, Inc. |
721 | 19,842 | ||||||
| Motorola Solutions, Inc. |
89 | 20,676 | ||||||
| Nokia Oyj (b) |
4,106 | 22,589 | ||||||
| Telefonaktiebolaget LM Ericsson - B Shares |
2,475 | 27,973 | ||||||
|
|
|
|||||||
| 163,522 | ||||||||
|
|
|
|||||||
| Construction & Engineering—0.0% | ||||||||
| ACS Actividades de Construccion y Servicios S.A. |
414 | 11,100 | ||||||
| Ferrovial S.A. |
334 | 9,687 | ||||||
| Quanta Services, Inc. |
222 | 25,268 | ||||||
| Vinci S.A. |
59 | 6,111 | ||||||
| WSP Global, Inc. |
217 | 25,983 | ||||||
|
|
|
|||||||
| 78,149 | ||||||||
|
|
|
|||||||
| Construction Materials—0.1% | ||||||||
| CRH plc |
482 | 22,483 | ||||||
| HeidelbergCement AG |
232 | 17,400 | ||||||
| Holcim, Ltd. |
321 | 15,443 | ||||||
| James Hardie Industries plc |
309 | 11,084 | ||||||
| Martin Marietta Materials, Inc. |
132 | 45,102 | ||||||
| Vulcan Materials Co. |
224 | 37,892 | ||||||
|
|
|
|||||||
| 149,404 | ||||||||
|
|
|
|||||||
| Consumer Finance—0.0% | ||||||||
| Synchrony Financial |
391 | 19,112 | ||||||
|
|
|
|||||||
| Containers & Packaging—0.1% | ||||||||
| AMCOR plc |
3,211 | 37,215 | ||||||
| Avery Dennison Corp. |
275 | 56,983 | ||||||
| Ball Corp. |
379 | 34,099 | ||||||
| International Paper Co. |
780 | 43,618 | ||||||
| Packaging Corp. of America |
269 | 36,971 | ||||||
| Sealed Air Corp. |
695 | 38,079 | ||||||
| Containers & Packaging—(Continued) | ||||||||
| Smurfit Kappa Group plc |
619 | 32,449 | ||||||
| WestRock Co. |
847 | 42,206 | ||||||
|
|
|
|||||||
| 321,620 | ||||||||
|
|
|
|||||||
| Distributors—0.0% | ||||||||
| Genuine Parts Co. |
133 | 16,123 | ||||||
| LKQ Corp. (b) |
668 | 33,614 | ||||||
| Pool Corp. |
21 | 9,123 | ||||||
|
|
|
|||||||
| 58,860 | ||||||||
|
|
|
|||||||
| Diversified Financial Services—0.0% | ||||||||
| Berkshire Hathaway, Inc. - Class B (b) |
69 | 18,833 | ||||||
| Groupe Bruxelles Lambert S.A. |
151 | 16,601 | ||||||
| Investor AB - B Shares |
1,384 | 29,634 | ||||||
| Sofina S.A. |
53 | 21,025 | ||||||
| Wendel S.E. |
163 | 22,602 | ||||||
|
|
|
|||||||
| 108,695 | ||||||||
|
|
|
|||||||
| Diversified Telecommunication Services—0.5% | ||||||||
| AT&T, Inc. |
2,197 | 59,341 | ||||||
| BCE, Inc. |
338 | 16,932 | ||||||
| BT Group plc (b) |
10,412 | 22,362 | ||||||
| Cellnex Telecom S.A. |
268 | 16,520 | ||||||
| Deutsche Telekom AG |
1,851 | 37,320 | ||||||
| Elisa Oyj |
446 | 27,691 | ||||||
| HKT Trust & HKT, Ltd. |
34,000 | 46,499 | ||||||
| Infrastrutture Wireless Italiane S.p.A. |
1,470 | 16,393 | ||||||
| Koninklijke KPN NV |
13,605 | 42,666 | ||||||
| Lumen Technologies, Inc. |
5,869 | 72,717 | ||||||
| Nippon Telegraph & Telephone Corp. |
2,100 | 58,055 | ||||||
| Orange S.A. |
4,738 | 51,328 | ||||||
| Proximus SADP |
2,395 | 47,350 | ||||||
| Singapore Telecommunications, Ltd. |
123,500 | 222,830 | ||||||
| Spark New Zealand, Ltd. |
9,951 | 32,808 | ||||||
| Swisscom AG |
574 | 329,584 | ||||||
| Telecom Italia S.p.A. |
14,841 | 5,816 | ||||||
| Telefonica Deutschland Holding AG |
13,323 | 37,924 | ||||||
| Telenor ASA |
899 | 15,100 | ||||||
| Telia Co. AB |
13,363 | 55,099 | ||||||
| Telstra Corp., Ltd. |
4,846 | 13,659 | ||||||
| TELUS Corp. |
771 | 16,947 | ||||||
| United Internet AG |
686 | 26,693 | ||||||
| Verizon Communications, Inc. |
1,847 | 99,756 | ||||||
|
|
|
|||||||
| 1,371,390 | ||||||||
|
|
|
|||||||
| Electric Utilities—1.0% | ||||||||
| Alliant Energy Corp. |
1,779 | 99,588 | ||||||
| American Electric Power Co., Inc. |
872 | 70,789 | ||||||
| AusNet Services, Ltd. |
30,001 | 54,868 | ||||||
| Chubu Electric Power Co., Inc. |
6,900 | 81,848 | ||||||
| CK Infrastructure Holdings, Ltd. |
17,665 | 98,146 | ||||||
| CLP Holdings, Ltd. |
29,500 | 283,741 | ||||||
| Duke Energy Corp. |
686 | 66,947 | ||||||
| Edison International |
1,127 | 62,515 | ||||||
| Electricite de France S.A. |
3,378 | 42,420 | ||||||
BHFTI-271
Brighthouse Funds Trust I
PanAgora Global Diversified Risk Portfolio
Consolidated Schedule of Investments as of September 30, 2021 (Unaudited)
Common Stocks—(Continued)
| Security Description | Shares | Value | ||||||
| Electric Utilities—(Continued) | ||||||||
| Elia Group S.A. |
232 | $ | 27,710 | |||||
| Endesa S.A. |
1,050 | 21,177 | ||||||
| Enel S.p.A. |
2,139 | 16,422 | ||||||
| Entergy Corp. |
571 | 56,706 | ||||||
| Evergy, Inc. |
1,157 | 71,965 | ||||||
| Eversource Energy |
814 | 66,553 | ||||||
| Exelon Corp. |
1,499 | 72,462 | ||||||
| FirstEnergy Corp. |
1,310 | 46,662 | ||||||
| Fortis, Inc. |
372 | 16,503 | ||||||
| Fortum Oyj |
931 | 28,314 | ||||||
| HK Electric Investments & HK Electric Investments, Ltd. |
200,500 | 199,048 | ||||||
| Iberdrola S.A. |
1,060 | 10,587 | ||||||
| Kansai Electric Power Co., Inc. (The) |
12,100 | 117,424 | ||||||
| NextEra Energy, Inc. |
672 | 52,765 | ||||||
| NRG Energy, Inc. |
1,373 | 56,060 | ||||||
| Origin Energy, Ltd. |
2,287 | 7,708 | ||||||
| Orsted A/S |
302 | 39,846 | ||||||
| Pinnacle West Capital Corp. |
832 | 60,204 | ||||||
| Power Assets Holdings, Ltd. |
29,000 | 169,957 | ||||||
| PPL Corp. |
2,238 | 62,395 | ||||||
| Red Electrica Corp. S.A. |
687 | 13,732 | ||||||
| Southern Co. (The) |
1,166 | 72,257 | ||||||
| SSE plc |
1,792 | 37,629 | ||||||
| Terna - Rete Elettrica Nazionale |
2,694 | 19,108 | ||||||
| Tohoku Electric Power Co., Inc. |
13,000 | 95,784 | ||||||
| Tokyo Electric Power Co. Holdings, Inc. (b) |
18,200 | 52,198 | ||||||
| Verbund AG |
98 | 9,900 | ||||||
| Xcel Energy, Inc. |
1,125 | 70,312 | ||||||
|
|
|
|||||||
| 2,432,250 | ||||||||
|
|
|
|||||||
| Electrical Equipment—0.1% | ||||||||
| ABB, Ltd. |
881 | 29,366 | ||||||
| Ballard Power Systems, Inc. (b) |
537 | 7,538 | ||||||
| Eaton Corp. plc |
241 | 35,984 | ||||||
| Emerson Electric Co. |
316 | 29,767 | ||||||
| Rockwell Automation, Inc. |
79 | 23,229 | ||||||
| Siemens Gamesa Renewable Energy S.A. (b) |
300 | 7,583 | ||||||
|
|
|
|||||||
| 133,467 | ||||||||
|
|
|
|||||||
| Electronic Equipment, Instruments & Components—0.1% | ||||||||
| Amphenol Corp. - Class A |
478 | 35,004 | ||||||
| Corning, Inc. |
617 | 22,514 | ||||||
| Halma plc |
802 | 30,593 | ||||||
| Hamamatsu Photonics KK |
500 | 31,017 | ||||||
| Hirose Electric Co., Ltd. |
210 | 34,970 | ||||||
| Ibiden Co., Ltd. |
300 | 16,584 | ||||||
| IPG Photonics Corp. (b) |
104 | 16,474 | ||||||
| Keyence Corp. |
52 | 31,158 | ||||||
| Keysight Technologies, Inc. (b) |
139 | 22,836 | ||||||
| Murata Manufacturing Co., Ltd. |
200 | 17,803 | ||||||
| TDK Corp. |
219 | 7,912 | ||||||
| TE Connectivity, Ltd. |
227 | 31,149 | ||||||
| Teledyne Technologies, Inc. (b) |
21 | 9,021 | ||||||
| Venture Corp., Ltd. |
2,000 | 26,357 | ||||||
| Yokogawa Electric Corp. |
500 | 8,742 | ||||||
| Zebra Technologies Corp. - Class A (b) |
33 | 17,009 | ||||||
|
|
|
|||||||
| 359,143 | ||||||||
|
|
|
|||||||
| Energy Equipment & Services—0.0% | ||||||||
| Baker Hughes Co. |
1,387 | 34,300 | ||||||
| Halliburton Co. |
895 | 19,350 | ||||||
| Schlumberger NV |
993 | 29,433 | ||||||
| Tenaris S.A. |
2,159 | 22,768 | ||||||
|
|
|
|||||||
| 105,851 | ||||||||
|
|
|
|||||||
| Entertainment—0.2% | ||||||||
| Activision Blizzard, Inc. |
566 | 43,803 | ||||||
| Bollore S.A. |
4,819 | 27,866 | ||||||
| Capcom Co., Ltd. |
1,000 | 27,775 | ||||||
| Electronic Arts, Inc. |
347 | 49,361 | ||||||
| Koei Tecmo Holdings Co., Ltd. |
480 | 22,832 | ||||||
| Konami Holdings Corp. |
300 | 18,826 | ||||||
| Live Nation Entertainment, Inc. (b) |
441 | 40,188 | ||||||
| Netflix, Inc. (b) |
75 | 45,776 | ||||||
| Nexon Co., Ltd. |
1,300 | 20,974 | ||||||
| Nintendo Co., Ltd. |
41 | 19,945 | ||||||
| Sea, Ltd. (ADR) (b) |
334 | 106,456 | ||||||
| Square Enix Holdings Co., Ltd. |
400 | 21,077 | ||||||
| Take-Two Interactive Software, Inc. (b) |
318 | 48,994 | ||||||
| Toho Co., Ltd. |
800 | 37,741 | ||||||
| UBISOFT Entertainment S.A. (b) |
580 | 34,789 | ||||||
| Universal Music Group NV (b) |
338 | 9,050 | ||||||
| Walt Disney Co. (The) (b) |
261 | 44,153 | ||||||
|
|
|
|||||||
| 619,606 | ||||||||
|
|
|
|||||||
| Equity Real Estate Investment Trusts—0.3% | ||||||||
| Alexandria Real Estate Equities, Inc. |
98 | 18,725 | ||||||
| Ascendas Real Estate Investment Trust |
4,100 | 9,024 | ||||||
| AvalonBay Communities, Inc. |
54 | 11,969 | ||||||
| Canadian Apartment Properties |
312 | 14,560 | ||||||
| CapitaLand Integrated Commercial Trust |
6,300 | 9,365 | ||||||
| Covivio |
175 | 14,633 | ||||||
| Crown Castle International Corp. |
131 | 22,705 | ||||||
| Daiwa House REIT Investment Corp. |
9 | 26,372 | ||||||
| Digital Realty Trust, Inc. |
90 | 13,001 | ||||||
| Duke Realty Corp. |
426 | 20,393 | ||||||
| Equinix, Inc. |
18 | 14,222 | ||||||
| Equity Residential |
429 | 34,715 | ||||||
| Essex Property Trust, Inc. |
49 | 15,667 | ||||||
| Extra Space Storage, Inc. |
129 | 21,671 | ||||||
| Federal Realty Investment Trust |
179 | 21,120 | ||||||
| Gecina S.A. |
100 | 13,406 | ||||||
| GLP J-REIT |
8 | 13,150 | ||||||
| Healthpeak Properties, Inc. |
366 | 12,254 | ||||||
| Host Hotels & Resorts, Inc. (b) |
799 | 13,048 | ||||||
| Iron Mountain, Inc. |
293 | 12,731 | ||||||
| Japan Metropolitan Fund Invest |
18 | 17,304 | ||||||
| Japan Real Estate Investment Corp. |
2 | 11,980 | ||||||
| Kimco Realty Corp. |
1,166 | 24,194 | ||||||
| Link REIT |
1,600 | 13,674 | ||||||
| Mid-America Apartment Communities, Inc. |
124 | 23,157 | ||||||
| Mirvac Group |
7,066 | 15,159 | ||||||
| Nippon Building Fund, Inc. |
2 | 12,991 | ||||||
| Nippon Prologis REIT, Inc. |
11 | 36,784 | ||||||
| Nomura Real Estate Master Fund, Inc. |
7 | 10,087 | ||||||
BHFTI-272
Brighthouse Funds Trust I
PanAgora Global Diversified Risk Portfolio
Consolidated Schedule of Investments as of September 30, 2021 (Unaudited)
Common Stocks—(Continued)
| Security Description | Shares | Value | ||||||
| Equity Real Estate Investment Trusts—(Continued) | ||||||||
| Orix JREIT, Inc. |
6 | $ | 10,452 | |||||
| Prologis, Inc. |
203 | 25,462 | ||||||
| Public Storage |
55 | 16,341 | ||||||
| Realty Income Corp. |
177 | 11,480 | ||||||
| Regency Centers Corp. |
217 | 14,611 | ||||||
| Simon Property Group, Inc. |
99 | 12,867 | ||||||
| UDR, Inc. |
253 | 13,404 | ||||||
| United Urban Investment Corp. |
5 | 6,764 | ||||||
| Vicinity Centres |
3,449 | 4,109 | ||||||
| Vornado Realty Trust |
240 | 10,082 | ||||||
| Welltower, Inc. |
160 | 13,184 | ||||||
| Weyerhaeuser Co. |
560 | 19,919 | ||||||
|
|
|
|||||||
| 656,736 | ||||||||
|
|
|
|||||||
| Food & Staples Retailing—0.5% | ||||||||
| Aeon Co., Ltd. |
2,600 | 68,423 | ||||||
| Alimentation Couche-Tard, Inc. - Class B |
376 | 14,386 | ||||||
| Carrefour S.A. |
714 | 12,852 | ||||||
| Coles Group, Ltd. |
2,396 | 29,241 | ||||||
| Cosmos Pharmaceutical Corp. |
139 | 23,705 | ||||||
| Costco Wholesale Corp. |
133 | 59,764 | ||||||
| Empire Co., Ltd. |
1,658 | 50,528 | ||||||
| Endeavour Group, Ltd. |
687 | 3,450 | ||||||
| Etablissements Franz Colruyt NV |
1,975 | 100,612 | ||||||
| George Weston, Ltd. |
693 | 74,749 | ||||||
| ICA Gruppen AB |
607 | 27,832 | ||||||
| J Sainsbury plc |
8,471 | 32,438 | ||||||
| Jeronimo Martins SGPS S.A. |
990 | 19,714 | ||||||
| Kesko Oyj - B Shares |
386 | 13,324 | ||||||
| Kobe Bussan Co., Ltd. |
400 | 13,059 | ||||||
| Koninklijke Ahold Delhaize NV |
1,052 | 34,877 | ||||||
| Kroger Co. (The) |
1,229 | 49,688 | ||||||
| Lawson, Inc. |
1,100 | 54,008 | ||||||
| Loblaw Cos., Ltd. |
1,549 | 106,300 | ||||||
| Metro, Inc. |
2,319 | 113,313 | ||||||
| Ocado Group plc (b) |
365 | 8,118 | ||||||
| Seven & i Holdings Co., Ltd. |
600 | 27,228 | ||||||
| Sysco Corp. |
442 | 34,697 | ||||||
| Tesco plc |
2,643 | 8,964 | ||||||
| Tsuruha Holdings, Inc. |
159 | 19,643 | ||||||
| Walgreens Boots Alliance, Inc. |
789 | 37,122 | ||||||
| Walmart, Inc. |
333 | 46,414 | ||||||
| Welcia Holdings Co., Ltd. |
800 | 28,763 | ||||||
| WM Morrison Supermarkets plc |
7,958 | 31,543 | ||||||
| Woolworths Group, Ltd. |
687 | 19,507 | ||||||
|
|
|
|||||||
| 1,164,262 | ||||||||
|
|
|
|||||||
| Food Products—0.5% | ||||||||
| a2 Milk Co., Ltd. (b) |
1,860 | 8,281 | ||||||
| Ajinomoto Co., Inc. |
3,100 | 91,728 | ||||||
| Archer-Daniels-Midland Co. |
946 | 56,770 | ||||||
| Associated British Foods plc |
716 | 17,790 | ||||||
| Barry Callebaut AG |
20 | 45,249 | ||||||
| Campbell Soup Co. |
1,427 | 59,663 | ||||||
| Conagra Brands, Inc. |
1,528 | 51,753 | ||||||
| Danone S.A. |
252 | 17,200 | ||||||
| Food Products—(Continued) | ||||||||
| General Mills, Inc. |
1,006 | 60,179 | ||||||
| Hershey Co. (The) |
328 | 55,514 | ||||||
| Hormel Foods Corp. |
1,839 | 75,399 | ||||||
| J.M. Smucker Co. (The) |
645 | 77,419 | ||||||
| Kellogg Co. |
1,113 | 71,143 | ||||||
| Kerry Group plc - Class A |
799 | 106,973 | ||||||
| Kraft Heinz Co. (The) |
1,180 | 43,448 | ||||||
| Lamb Weston Holdings, Inc. |
446 | 27,371 | ||||||
| McCormick & Co., Inc. |
564 | 45,701 | ||||||
| MEIJI Holdings Co., Ltd. |
500 | 32,315 | ||||||
| Mondelez International, Inc. - Class A |
740 | 43,053 | ||||||
| Mowi ASA |
808 | 20,392 | ||||||
| Nestle S.A. |
477 | 57,392 | ||||||
| NH Foods, Ltd. |
300 | 11,348 | ||||||
| Nisshin Seifun Group, Inc. |
1,000 | 16,672 | ||||||
| Nissin Foods Holdings Co., Ltd. |
500 | 40,191 | ||||||
| Orkla ASA |
1,360 | 12,464 | ||||||
| Saputo, Inc. |
1,060 | 26,956 | ||||||
| Toyo Suisan Kaisha, Ltd. |
800 | 35,531 | ||||||
| Tyson Foods, Inc. - Class A |
594 | 46,890 | ||||||
| WH Group, Ltd. |
19,603 | 13,945 | ||||||
| Wilmar International, Ltd. |
5,400 | 16,590 | ||||||
| Yakult Honsha Co., Ltd. |
1,300 | 65,911 | ||||||
|
|
|
|||||||
| 1,351,231 | ||||||||
|
|
|
|||||||
| Gas Utilities—0.3% | ||||||||
| APA Group |
2,260 | 14,189 | ||||||
| Atmos Energy Corp. |
460 | 40,572 | ||||||
| Enagas S.A. |
1,099 | 24,425 | ||||||
| Hong Kong & China Gas Co., Ltd. |
155,270 | 235,191 | ||||||
| Naturgy Energy Group S.A. |
1,074 | 27,039 | ||||||
| Osaka Gas Co., Ltd. |
4,200 | 77,199 | ||||||
| Snam S.p.A. |
6,452 | 35,764 | ||||||
| Toho Gas Co., Ltd. |
1,200 | 52,423 | ||||||
| Tokyo Gas Co., Ltd. |
7,500 | 139,673 | ||||||
|
|
|
|||||||
| 646,475 | ||||||||
|
|
|
|||||||
| Health Care Equipment & Supplies—0.4% | ||||||||
| ABIOMED, Inc. (b) |
67 | 21,810 | ||||||
| Alcon, Inc. |
513 | 41,558 | ||||||
| Align Technology, Inc. (b) |
29 | 19,298 | ||||||
| Ambu A/S - Class B |
851 | 25,137 | ||||||
| Asahi Intecc Co., Ltd. |
700 | 19,205 | ||||||
| Baxter International, Inc. |
264 | 21,234 | ||||||
| Becton Dickinson & Co. |
118 | 29,007 | ||||||
| BioMerieux |
353 | 40,091 | ||||||
| Boston Scientific Corp. (b) |
655 | 28,420 | ||||||
| Carl Zeiss Meditec AG |
248 | 47,672 | ||||||
| Cochlear, Ltd. |
203 | 32,062 | ||||||
| Coloplast A/S - Class B |
389 | 60,972 | ||||||
| Cooper Cos., Inc. (The) |
67 | 27,692 | ||||||
| Danaher Corp. |
47 | 14,309 | ||||||
| Demant A/S (b) |
481 | 24,223 | ||||||
| Dentsply Sirona, Inc. |
281 | 16,312 | ||||||
| DexCom, Inc. (b) |
34 | 18,593 | ||||||
| DiaSorin S.p.A. |
381 | 79,964 | ||||||
BHFTI-273
Brighthouse Funds Trust I
PanAgora Global Diversified Risk Portfolio
Consolidated Schedule of Investments as of September 30, 2021 (Unaudited)
Common Stocks—(Continued)
| Security Description | Shares | Value | ||||||
| Health Care Equipment & Supplies—(Continued) | ||||||||
| Edwards Lifesciences Corp. (b) |
230 | $ | 26,038 | |||||
| Fisher & Paykel Healthcare Corp., Ltd. |
846 | 18,602 | ||||||
| GN Store Nord AS |
343 | 23,376 | ||||||
| Hologic, Inc. (b) |
278 | 20,519 | ||||||
| Hoya Corp. |
100 | 15,640 | ||||||
| IDEXX Laboratories, Inc. (b) |
28 | 17,413 | ||||||
| Intuitive Surgical, Inc. (b) |
36 | 35,789 | ||||||
| Koninklijke Philips NV |
676 | 29,962 | ||||||
| Medtronic plc |
184 | 23,064 | ||||||
| Olympus Corp. |
700 | 15,373 | ||||||
| ResMed, Inc. |
86 | 22,665 | ||||||
| Siemens Healthineers AG |
447 | 29,086 | ||||||
| Smith & Nephew plc |
1,755 | 30,140 | ||||||
| Sonova Holding AG |
94 | 35,452 | ||||||
| STERIS plc |
79 | 16,138 | ||||||
| Straumann Holding AG |
16 | 28,632 | ||||||
| Stryker Corp. |
116 | 30,592 | ||||||
| Sysmex Corp. |
262 | 32,365 | ||||||
| Teleflex, Inc. |
37 | 13,932 | ||||||
| Terumo Corp. |
600 | 28,209 | ||||||
| West Pharmaceutical Services, Inc. |
47 | 19,953 | ||||||
| Zimmer Biomet Holdings, Inc. |
155 | 22,686 | ||||||
|
|
|
|||||||
| 1,103,185 | ||||||||
|
|
|
|||||||
| Health Care Providers & Services—0.2% | ||||||||
| AmerisourceBergen Corp. |
202 | 24,129 | ||||||
| Amplifon S.p.A. |
332 | 15,821 | ||||||
| Anthem, Inc. |
56 | 20,877 | ||||||
| Cardinal Health, Inc. |
267 | 13,206 | ||||||
| Centene Corp. (b) |
249 | 15,515 | ||||||
| Cigna Corp. |
59 | 11,809 | ||||||
| CVS Health Corp. |
222 | 18,839 | ||||||
| DaVita, Inc. (b) |
149 | 17,323 | ||||||
| Fresenius Medical Care AG & Co. KGaA |
240 | 16,913 | ||||||
| HCA Healthcare, Inc. |
110 | 26,699 | ||||||
| Henry Schein, Inc. (b) |
254 | 19,345 | ||||||
| Humana, Inc. |
54 | 21,014 | ||||||
| Laboratory Corp. of America Holdings (b) |
131 | 36,869 | ||||||
| McKesson Corp. |
78 | 15,552 | ||||||
| Medipal Holdings Corp. |
1,400 | 26,409 | ||||||
| NMC Health plc (b)(c)(d) |
1,427 | 0 | ||||||
| Onxeo S.A. |
169 | 19,572 | ||||||
| Quest Diagnostics, Inc. |
205 | 29,788 | ||||||
| Ramsay Health Care, Ltd. |
253 | 12,727 | ||||||
| Ryman Healthcare, Ltd. |
844 | 8,731 | ||||||
| Sonic Healthcare, Ltd. |
887 | 26,042 | ||||||
| UnitedHealth Group, Inc. |
80 | 31,259 | ||||||
| Universal Health Services, Inc. - Class B |
172 | 23,800 | ||||||
|
|
|
|||||||
| 452,239 | ||||||||
|
|
|
|||||||
| Health Care Technology—0.0% | ||||||||
| Cerner Corp. |
294 | 20,733 | ||||||
| M3, Inc. |
141 | 10,066 | ||||||
|
|
|
|||||||
| 30,799 | ||||||||
|
|
|
|||||||
| Hotels, Restaurants & Leisure—0.2% | ||||||||
| Aristocrat Leisure, Ltd. |
633 | 21,189 | ||||||
| Booking Holdings, Inc. (b) |
8 | 18,991 | ||||||
| Carnival Corp. (b) |
506 | 12,655 | ||||||
| Chipotle Mexican Grill, Inc. (b) |
9 | 16,358 | ||||||
| Compass Group plc (b) |
481 | 9,841 | ||||||
| Darden Restaurants, Inc. |
118 | 17,874 | ||||||
| Domino’s Pizza, Inc. |
42 | 20,032 | ||||||
| Entain plc (b) |
479 | 13,712 | ||||||
| Evolution AB |
52 | 7,904 | ||||||
| Expedia Group, Inc. (b) |
147 | 24,093 | ||||||
| Flutter Entertainment plc (b) |
74 | 14,629 | ||||||
| Genting Singapore, Ltd. |
23,400 | 12,325 | ||||||
| Hilton Worldwide Holdings, Inc. (b) |
113 | 14,928 | ||||||
| La Francaise des Jeux SAEM |
356 | 18,313 | ||||||
| Las Vegas Sands Corp. (b) |
278 | 10,175 | ||||||
| Marriott International, Inc. - Class A (b) |
121 | 17,919 | ||||||
| McDonald’s Corp. |
115 | 27,728 | ||||||
| Melco Resorts & Entertainment, Ltd. (ADR) (b) |
686 | 7,025 | ||||||
| MGM Resorts International |
302 | 13,031 | ||||||
| Norwegian Cruise Line Holdings, Ltd. (b) |
461 | 12,313 | ||||||
| Oriental Land Co., Ltd. |
100 | 16,195 | ||||||
| Restaurant Brands International, Inc. |
514 | 31,491 | ||||||
| Sodexo S.A. (b) |
204 | 17,863 | ||||||
| Starbucks Corp. |
162 | 17,870 | ||||||
| Tabcorp Holdings, Ltd. |
5,066 | 17,931 | ||||||
| Whitbread plc (b) |
303 | 13,476 | ||||||
| Wynn Macau, Ltd. (b) |
6,800 | 5,680 | ||||||
| Wynn Resorts, Ltd. (b) |
103 | 8,729 | ||||||
| Yum! Brands, Inc. |
224 | 27,398 | ||||||
|
|
|
|||||||
| 467,668 | ||||||||
|
|
|
|||||||
| Household Durables—0.1% | ||||||||
| Barratt Developments plc |
787 | 6,945 | ||||||
| Berkeley Group Holdings plc |
195 | 11,422 | ||||||
| Casio Computer Co., Ltd. |
500 | 8,291 | ||||||
| Garmin, Ltd. |
151 | 23,474 | ||||||
| Iida Group Holdings Co., Ltd. |
2,000 | 51,477 | ||||||
| Leggett & Platt, Inc. |
448 | 20,088 | ||||||
| Lennar Corp. - Class A |
214 | 20,048 | ||||||
| Mohawk Industries, Inc. (b) |
95 | 16,853 | ||||||
| Newell Brands, Inc. |
1,144 | 25,328 | ||||||
| PulteGroup, Inc. |
400 | 18,368 | ||||||
| Sekisui House, Ltd. |
500 | 10,507 | ||||||
| Sharp Corp. |
800 | 10,128 | ||||||
| Sony Group Corp. |
100 | 11,136 | ||||||
| Taylor Wimpey plc |
3,189 | 6,586 | ||||||
| Whirlpool Corp. |
110 | 22,425 | ||||||
|
|
|
|||||||
| 263,076 | ||||||||
|
|
|
|||||||
| Household Products—0.2% | ||||||||
| Church & Dwight Co., Inc. |
516 | 42,606 | ||||||
| Clorox Co. (The) |
217 | 35,938 | ||||||
| Colgate-Palmolive Co. |
642 | 48,522 | ||||||
| Essity AB - Class B |
354 | 10,988 | ||||||
| Henkel AG & Co. KGaA |
256 | 22,088 | ||||||
| Kimberly-Clark Corp. |
373 | 49,400 | ||||||
BHFTI-274
Brighthouse Funds Trust I
PanAgora Global Diversified Risk Portfolio
Consolidated Schedule of Investments as of September 30, 2021 (Unaudited)
Common Stocks—(Continued)
| Security Description | Shares | Value | ||||||
| Household Products—(Continued) | ||||||||
| Lion Corp. |
3,400 | $ | 55,004 | |||||
| Pigeon Corp. |
2,200 | 51,234 | ||||||
| Procter & Gamble Co. (The) |
582 | 81,364 | ||||||
| Unicharm Corp. |
700 | 31,046 | ||||||
|
|
|
|||||||
| 428,190 | ||||||||
|
|
|
|||||||
| Independent Power and Renewable Electricity Producers—0.1% |
||||||||
| AES Corp. (The) |
2,137 | 48,788 | ||||||
| Brookfield Renewable Corp. - Class A |
298 | 11,576 | ||||||
| Uniper SE |
1,986 | 82,897 | ||||||
|
|
|
|||||||
| 143,261 | ||||||||
|
|
|
|||||||
| Industrial Conglomerates—0.0% | ||||||||
| 3M Co. |
109 | 19,121 | ||||||
| CK Hutchison Holdings, Ltd. |
1,500 | 9,947 | ||||||
| DCC plc |
59 | 4,883 | ||||||
| General Electric Co. |
163 | 16,794 | ||||||
| Jardine Matheson Holdings, Ltd. |
100 | 5,259 | ||||||
| Keppel Corp., Ltd. |
7,100 | 26,981 | ||||||
| Melrose Industries plc |
2,424 | 5,609 | ||||||
| Roper Technologies, Inc. |
26 | 11,600 | ||||||
| Smiths Group plc |
842 | 16,140 | ||||||
| Toshiba Corp. |
200 | 8,387 | ||||||
|
|
|
|||||||
| 124,721 | ||||||||
|
|
|
|||||||
| Insurance—0.2% | ||||||||
| Aegon NV |
4,643 | 23,837 | ||||||
| Aflac, Inc. |
367 | 19,132 | ||||||
| Allstate Corp. (The) |
126 | 16,041 | ||||||
| American International Group, Inc. |
88 | 4,830 | ||||||
| Aon plc - Class A |
84 | 24,005 | ||||||
| Arthur J. Gallagher & Co. |
129 | 19,176 | ||||||
| Assurant, Inc. |
156 | 24,609 | ||||||
| Chubb, Ltd. |
124 | 21,511 | ||||||
| Cincinnati Financial Corp. |
187 | 21,359 | ||||||
| Dai-ichi Life Holdings, Inc. |
800 | 17,419 | ||||||
| Everest Re Group, Ltd. |
65 | 16,301 | ||||||
| Fairfax Financial Holdings, Ltd. |
18 | 7,266 | ||||||
| Gjensidige Forsikring ASA |
678 | 15,015 | ||||||
| Globe Life, Inc. |
194 | 17,272 | ||||||
| Hannover Rueck SE |
125 | 21,893 | ||||||
| Hartford Financial Services Group, Inc. (The) |
341 | 23,955 | ||||||
| Insurance Australia Group, Ltd. |
2,215 | 7,806 | ||||||
| Japan Post Holdings Co., Ltd. |
1,800 | 15,150 | ||||||
| Manulife Financial Corp. |
616 | 11,857 | ||||||
| Marsh & McLennan Cos., Inc. |
100 | 15,143 | ||||||
| Medibank Private, Ltd. |
3,848 | 9,949 | ||||||
| Poste Italiane S.p.A. |
1,605 | 22,089 | ||||||
| Principal Financial Group, Inc. |
264 | 17,002 | ||||||
| Progressive Corp. (The) |
129 | 11,660 | ||||||
| Prudential Financial, Inc. |
155 | 16,306 | ||||||
| Sampo Oyj - A Shares |
300 | 14,886 | ||||||
| SCOR SE |
379 | 10,863 | ||||||
| Sompo Holdings, Inc. |
200 | 8,662 | ||||||
| Insurance—(Continued) | ||||||||
| Swiss Life Holding AG |
40 | 20,283 | ||||||
| T&D Holdings, Inc. |
700 | 9,560 | ||||||
| Tokio Marine Holdings, Inc. |
500 | 26,814 | ||||||
| Travelers Cos., Inc. (The) |
119 | 18,089 | ||||||
| Tryg A/S |
480 | 10,905 | ||||||
|
|
|
|||||||
| 540,645 | ||||||||
|
|
|
|||||||
| Interactive Media & Services—0.1% | ||||||||
| Alphabet, Inc. - Class A (b) |
28 | 74,858 | ||||||
| Auto Trader Group plc |
3,229 | 25,551 | ||||||
| Facebook, Inc. - Class A (b) |
179 | 60,751 | ||||||
| Kakaku.com, Inc. |
900 | 29,136 | ||||||
| REA Group, Ltd. |
187 | 21,263 | ||||||
| Scout24 AG |
489 | 33,943 | ||||||
| Seek, Ltd. |
490 | 10,908 | ||||||
| Twitter, Inc. (b) |
638 | 38,529 | ||||||
| Z Holdings Corp. |
4,300 | 27,595 | ||||||
|
|
|
|||||||
| 322,534 | ||||||||
|
|
|
|||||||
| Internet & Direct Marketing Retail—0.1% | ||||||||
| Amazon.com, Inc. (b) |
5 | 16,425 | ||||||
| Delivery Hero SE (b) |
97 | 12,421 | ||||||
| eBay, Inc. |
510 | 35,532 | ||||||
| Etsy, Inc. (b) |
69 | 14,349 | ||||||
| HelloFresh SE (b) |
222 | 20,553 | ||||||
| Just Eat Takeaway.com NV (b) |
281 | 20,477 | ||||||
| Mercari, Inc. (b) |
200 | 11,010 | ||||||
| Prosus NV |
245 | 19,296 | ||||||
| Rakuten Group, Inc. |
1,800 | 17,418 | ||||||
| Zalando SE (b) |
150 | 13,784 | ||||||
| ZOZO, Inc. |
400 | 14,978 | ||||||
|
|
|
|||||||
| 196,243 | ||||||||
|
|
|
|||||||
| IT Services—0.3% | ||||||||
| Accenture plc - Class A |
102 | 32,632 | ||||||
| Adyen NV (b) |
12 | 33,367 | ||||||
| Afterpay, Ltd. (b) |
194 | 16,783 | ||||||
| Akamai Technologies, Inc. (b) |
198 | 20,709 | ||||||
| Atos SE |
128 | 6,815 | ||||||
| Automatic Data Processing, Inc. |
96 | 19,192 | ||||||
| Capgemini SE |
149 | 30,987 | ||||||
| CGI, Inc. (b) |
414 | 35,167 | ||||||
| Cognizant Technology Solutions Corp. - Class A |
328 | 24,341 | ||||||
| Computershare, Ltd. |
2,436 | 31,880 | ||||||
| Edenred |
251 | 13,519 | ||||||
| Fidelity National Information Services, Inc. |
154 | 18,739 | ||||||
| Fiserv, Inc. (b) |
200 | 21,700 | ||||||
| Fujitsu, Ltd. |
62 | 11,260 | ||||||
| Global Payments, Inc. |
112 | 17,649 | ||||||
| GMO Payment Gateway, Inc. |
100 | 12,669 | ||||||
| International Business Machines Corp. |
147 | 20,423 | ||||||
| Itochu Techno-Solutions Corp. |
400 | 13,058 | ||||||
| Jack Henry & Associates, Inc. |
162 | 26,578 | ||||||
| MasterCard, Inc. - Class A |
94 | 32,682 | ||||||
| NEC Corp. |
200 | 10,857 | ||||||
BHFTI-275
Brighthouse Funds Trust I
PanAgora Global Diversified Risk Portfolio
Consolidated Schedule of Investments as of September 30, 2021 (Unaudited)
Common Stocks—(Continued)
| Security Description | Shares | Value | ||||||
| IT Services—(Continued) | ||||||||
| Nexi S.p.A. (b) |
1,115 | $ | 20,802 | |||||
| Nomura Research Institute, Ltd. |
600 | 22,113 | ||||||
| NTT Data Corp. |
1,500 | 29,061 | ||||||
| Obic Co., Ltd. |
100 | 19,135 | ||||||
| Otsuka Corp. |
500 | 25,705 | ||||||
| Paychex, Inc. |
233 | 26,201 | ||||||
| PayPal Holdings, Inc. (b) |
133 | 34,608 | ||||||
| SCSK Corp. |
600 | 12,688 | ||||||
| Shopify, Inc. - Class A (b) |
14 | 19,003 | ||||||
| TIS, Inc. |
900 | 24,599 | ||||||
| VeriSign, Inc. (b) |
103 | 21,116 | ||||||
| Visa, Inc. - Class A |
125 | 27,844 | ||||||
| Western Union Co. (The) |
1,029 | 20,806 | ||||||
| Wix.com, Ltd. (b) |
142 | 27,828 | ||||||
| Worldline S.A. (b) |
206 | 15,717 | ||||||
|
|
|
|||||||
| 798,233 | ||||||||
|
|
|
|||||||
| Leisure Products—0.0% | ||||||||
| Bandai Namco Holdings, Inc. |
261 | 19,600 | ||||||
| Hasbro, Inc. |
140 | 12,491 | ||||||
| Shimano, Inc. |
100 | 29,132 | ||||||
| Yamaha Corp. |
200 | 12,573 | ||||||
|
|
|
|||||||
| 73,796 | ||||||||
|
|
|
|||||||
| Life Sciences Tools & Services—0.2% | ||||||||
| Agilent Technologies, Inc. |
250 | 39,382 | ||||||
| Bio-Rad Laboratories, Inc. - Class A (b) |
21 | 15,665 | ||||||
| Eurofins Scientific SE |
260 | 33,342 | ||||||
| Illumina, Inc. (b) |
54 | 21,903 | ||||||
| IQVIA Holdings, Inc. (b) |
85 | 20,361 | ||||||
| Lonza Group AG |
66 | 49,447 | ||||||
| Mettler-Toledo International, Inc. (b) |
12 | 16,528 | ||||||
| PerkinElmer, Inc. |
95 | 16,463 | ||||||
| QIAGEN NV (b) |
1,053 | 54,750 | ||||||
| Sartorius Stedim Biotech |
104 | 58,051 | ||||||
| Thermo Fisher Scientific, Inc. |
46 | 26,281 | ||||||
| Waters Corp. (b) |
104 | 37,159 | ||||||
|
|
|
|||||||
| 389,332 | ||||||||
|
|
|
|||||||
| Machinery—0.2% | ||||||||
| Caterpillar, Inc. |
163 | 31,291 | ||||||
| CNH Industrial NV |
1,352 | 22,892 | ||||||
| Cummins, Inc. |
80 | 17,965 | ||||||
| Dover Corp. |
179 | 27,835 | ||||||
| Hino Motors, Ltd. |
800 | 7,504 | ||||||
| Hitachi Construction Machinery Co., Ltd. |
200 | 5,665 | ||||||
| Hoshizaki Corp. |
200 | 18,210 | ||||||
| Ingersoll Rand, Inc. (b) |
236 | 11,897 | ||||||
| KION Group AG |
153 | 14,317 | ||||||
| Komatsu, Ltd. |
1,800 | 43,282 | ||||||
| Kone Oyj—Class B |
450 | 31,555 | ||||||
| Kurita Water Industries, Ltd. |
300 | 14,494 | ||||||
| MINEBEA MITSUMI, Inc. |
200 | 5,107 | ||||||
| Miura Co., Ltd. |
200 | 8,024 | ||||||
| NSK, Ltd. |
900 | 6,108 | ||||||
| Machinery—(Continued) | ||||||||
| Otis Worldwide Corp. |
177 | 14,564 | ||||||
| Parker-Hannifin Corp. |
60 | 16,777 | ||||||
| Pentair plc |
240 | 17,431 | ||||||
| Sandvik AB |
372 | 8,490 | ||||||
| Schindler Holding AG |
66 | 16,969 | ||||||
| Snap-on, Inc. |
113 | 23,611 | ||||||
| Spirax-Sarco Engineering plc |
100 | 20,097 | ||||||
| Stanley Black & Decker, Inc. |
59 | 10,343 | ||||||
| Techtronic Industries Co., Ltd. |
1,000 | 19,603 | ||||||
| Wartsila Oyj Abp |
1,302 | 15,592 | ||||||
| Xylem, Inc. |
298 | 36,857 | ||||||
|
|
|
|||||||
| 466,480 | ||||||||
|
|
|
|||||||
| Marine—0.0% | ||||||||
| AP Moller - Maersk A/S - Class A |
5 | 12,794 | ||||||
|
|
|
|||||||
| Media—0.3% | ||||||||
| Charter Communications, Inc. - Class A (b) |
71 | 51,657 | ||||||
| Comcast Corp. - Class A |
953 | 53,301 | ||||||
| CyberAgent, Inc. |
1,900 | 36,797 | ||||||
| Dentsu Group, Inc. |
700 | 26,930 | ||||||
| Discovery, Inc. - Class A (b) |
1,421 | 36,065 | ||||||
| DISH Network Corp. - Class A (b) |
1,108 | 48,154 | ||||||
| Fox Corp. - Class B |
1,387 | 51,485 | ||||||
| Hakuhodo DY Holdings, Inc. |
1,000 | 17,252 | ||||||
| Informa plc (b) |
2,694 | 19,740 | ||||||
| Interpublic Group of Cos., Inc. (The) |
2,310 | 84,708 | ||||||
| News Corp. - Class B |
2,565 | 59,585 | ||||||
| Omnicom Group, Inc. |
889 | 64,417 | ||||||
| Pearson plc |
2,894 | 27,671 | ||||||
| Publicis Groupe S.A. |
455 | 30,641 | ||||||
| Quebecor, Inc. - Class B |
1,202 | 29,049 | ||||||
| ViacomCBS, Inc. - Class B |
1,008 | 39,826 | ||||||
| Vivendi SE |
338 | 4,263 | ||||||
| WPP plc |
884 | 11,879 | ||||||
|
|
|
|||||||
| 693,420 | ||||||||
|
|
|
|||||||
| Metals & Mining—0.2% | ||||||||
| Agnico Eagle Mines, Ltd. |
352 | 18,261 | ||||||
| Anglo American plc |
418 | 14,419 | ||||||
| Antofagasta plc |
864 | 15,523 | ||||||
| ArcelorMittal S.A. |
330 | 9,957 | ||||||
| B2Gold Corp. |
5,773 | 19,736 | ||||||
| Barrick Gold Corp. |
1,720 | 31,057 | ||||||
| BHP Group plc |
597 | 14,879 | ||||||
| BHP Group, Ltd. |
559 | 15,024 | ||||||
| Boliden AB |
532 | 17,115 | ||||||
| Evolution Mining, Ltd. |
10,786 | 27,333 | ||||||
| Evraz plc |
1,497 | 11,944 | ||||||
| Freeport-McMoRan, Inc. |
767 | 24,950 | ||||||
| JFE Holdings, Inc. |
600 | 8,953 | ||||||
| Kinross Gold Corp. |
3,064 | 16,425 | ||||||
| Kirkland Lake Gold, Ltd. |
433 | 18,036 | ||||||
| Newcrest Mining, Ltd. |
740 | 12,132 | ||||||
| Newmont Corp. |
1,060 | 57,558 | ||||||
| Nippon Steel Corp. |
700 | 12,528 | ||||||
BHFTI-276
Brighthouse Funds Trust I
PanAgora Global Diversified Risk Portfolio
Consolidated Schedule of Investments as of September 30, 2021 (Unaudited)
Common Stocks—(Continued)
| Security Description | Shares | Value | ||||||
| Metals & Mining—(Continued) | ||||||||
| Norsk Hydro ASA |
2,948 | $ | 21,999 | |||||
| Northern Star Resources, Ltd. |
4,485 | 27,626 | ||||||
| Nucor Corp. |
593 | 58,405 | ||||||
| Pan American Silver Corp. |
623 | 14,505 | ||||||
| Sumitomo Metal Mining Co., Ltd. |
400 | 14,435 | ||||||
| Teck Resources, Ltd. - Class B |
613 | 15,260 | ||||||
| Wheaton Precious Metals Corp. |
577 | 21,721 | ||||||
| Yamana Gold, Inc. |
3,992 | 15,759 | ||||||
|
|
|
|||||||
| 535,540 | ||||||||
|
|
|
|||||||
| Multi-Utilities—0.5% | ||||||||
| AGL Energy, Ltd. |
3,392 | 14,039 | ||||||
| Algonquin Power & Utilities Corp. |
833 | 12,213 | ||||||
| Ameren Corp. |
1,578 | 127,818 | ||||||
| Atco, Ltd. - Class I |
209 | 6,704 | ||||||
| CenterPoint Energy, Inc. |
2,518 | 61,943 | ||||||
| CMS Energy Corp. |
1,688 | 100,824 | ||||||
| Consolidated Edison, Inc. |
1,410 | 102,352 | ||||||
| Dominion Energy, Inc. |
1,568 | 114,495 | ||||||
| DTE Energy Co. |
654 | 73,058 | ||||||
| E.ON SE |
9,608 | 117,549 | ||||||
| Engie S.A. |
2,003 | 26,288 | ||||||
| National Grid plc |
6,078 | 72,300 | ||||||
| NiSource, Inc. |
3,301 | 79,983 | ||||||
| Public Service Enterprise Group, Inc. |
1,265 | 77,039 | ||||||
| RWE AG |
1,981 | 70,031 | ||||||
| Sempra Energy |
424 | 53,636 | ||||||
| Suez S.A. |
1,593 | 36,327 | ||||||
| Veolia Environnement S.A. |
1,577 | 48,260 | ||||||
| WEC Energy Group, Inc. |
1,079 | 95,168 | ||||||
|
|
|
|||||||
| 1,290,027 | ||||||||
|
|
|
|||||||
| Multiline Retail—0.1% | ||||||||
| Canadian Tire Corp., Ltd. - Class A |
203 | 28,406 | ||||||
| Dollar General Corp. |
84 | 17,820 | ||||||
| Dollar Tree, Inc. (b) |
182 | 17,421 | ||||||
| Dollarama, Inc. |
256 | 11,104 | ||||||
| Pan Pacific International Holdings Corp. |
3,700 | 76,684 | ||||||
| Ryohin Keikaku Co., Ltd. |
500 | 11,124 | ||||||
| Target Corp. |
142 | 32,485 | ||||||
| Wesfarmers, Ltd. |
774 | 31,148 | ||||||
|
|
|
|||||||
| 226,192 | ||||||||
|
|
|
|||||||
| Oil, Gas & Consumable Fuels—0.8% | ||||||||
| Ampol, Ltd. |
569 | 11,418 | ||||||
| APA Corp. |
1,066 | 22,844 | ||||||
| BP plc |
25,327 | 114,732 | ||||||
| Cabot Oil & Gas Corp. |
1,946 | 42,345 | ||||||
| Cameco Corp. |
616 | 13,384 | ||||||
| Chevron Corp. |
534 | 54,174 | ||||||
| ConocoPhillips |
1,702 | 115,345 | ||||||
| Devon Energy Corp. |
1,016 | 36,078 | ||||||
| Diamondback Energy, Inc. |
429 | 40,613 | ||||||
| Enbridge, Inc. |
294 | 11,713 | ||||||
| ENEOS Holdings, Inc. |
68,400 | 279,308 | ||||||
| Oil, Gas & Consumable Fuels—(Continued) | ||||||||
| EOG Resources, Inc. |
499 | 40,055 | ||||||
| Equinor ASA |
681 | 17,354 | ||||||
| Exxon Mobil Corp. |
1,222 | 71,878 | ||||||
| Galp Energia SGPS S.A. |
792 | 8,969 | ||||||
| Hess Corp. |
619 | 48,350 | ||||||
| Idemitsu Kosan Co., Ltd. |
10,076 | 266,002 | ||||||
| Imperial Oil, Ltd. |
211 | 6,669 | ||||||
| Inpex Corp. |
15,700 | 122,871 | ||||||
| Kinder Morgan, Inc. |
1,803 | 30,164 | ||||||
| Koninklijke Vopak NV |
417 | 16,393 | ||||||
| Lundin Energy AB |
4,202 | 155,985 | ||||||
| Marathon Oil Corp. |
2,724 | 37,237 | ||||||
| Neste Oyj |
150 | 8,466 | ||||||
| Occidental Petroleum Corp. |
900 | 26,622 | ||||||
| Oil Search, Ltd. |
2,757 | 8,727 | ||||||
| OMV AG |
156 | 9,374 | ||||||
| ONEOK, Inc. |
607 | 35,200 | ||||||
| Parkland Corp. |
270 | 7,587 | ||||||
| Phillips 66 |
465 | 32,564 | ||||||
| Pioneer Natural Resources Co. |
229 | 38,131 | ||||||
| Repsol S.A. |
1,914 | 24,860 | ||||||
| Royal Dutch Shell plc - B Shares |
6,811 | 150,893 | ||||||
| Santos, Ltd. |
1,713 | 8,832 | ||||||
| TC Energy Corp. |
198 | 9,530 | ||||||
| TotalEnergies SE |
768 | 36,802 | ||||||
| Valero Energy Corp. |
471 | 33,238 | ||||||
| Washington H Soul Pattinson & Co., Ltd. |
1,053 | 29,717 | ||||||
| Williams Cos., Inc. (The) |
1,550 | 40,207 | ||||||
| Woodside Petroleum, Ltd. |
1,717 | 29,546 | ||||||
|
|
|
|||||||
| 2,094,177 | ||||||||
|
|
|
|||||||
| Paper & Forest Products—0.0% | ||||||||
| Mondi plc |
549 | 13,419 | ||||||
| Oji Holdings Corp. |
6,400 | 32,294 | ||||||
| Svenska Cellulosa AB SCA - Class B |
1,214 | 18,760 | ||||||
|
|
|
|||||||
| 64,473 | ||||||||
|
|
|
|||||||
| Personal Products—0.1% | ||||||||
| Beiersdorf AG |
348 | 37,624 | ||||||
| Estee Lauder Cos., Inc. (The) - Class A |
186 | 55,787 | ||||||
| Kao Corp. |
400 | 23,833 | ||||||
| Kobayashi Pharmaceutical Co., Ltd. |
200 | 15,839 | ||||||
| Kose Corp. |
98 | 11,746 | ||||||
| L’Oreal S.A. |
140 | 57,781 | ||||||
| Pola Orbis Holdings, Inc. |
600 | 13,840 | ||||||
| Shiseido Co., Ltd. |
200 | 13,479 | ||||||
| Unilever plc |
272 | 14,704 | ||||||
|
|
|
|||||||
| 244,633 | ||||||||
|
|
|
|||||||
| Pharmaceuticals—0.4% | ||||||||
| Astellas Pharma, Inc. |
1,100 | 18,137 | ||||||
| AstraZeneca plc |
317 | 38,162 | ||||||
| Bausch Health Cos., Inc. (b) |
316 | 8,812 | ||||||
| Bayer AG |
246 | 13,417 | ||||||
| Bristol-Myers Squibb Co. |
353 | 20,887 | ||||||
BHFTI-277
Brighthouse Funds Trust I
PanAgora Global Diversified Risk Portfolio
Consolidated Schedule of Investments as of September 30, 2021 (Unaudited)
Common Stocks—(Continued)
| Security Description | Shares | Value | ||||||
| Pharmaceuticals—(Continued) | ||||||||
| Canopy Growth Corp. (b) |
323 | $ | 4,475 | |||||
| Catalent, Inc. (b) |
96 | 12,775 | ||||||
| Chugai Pharmaceutical Co., Ltd. |
800 | 29,306 | ||||||
| Daiichi Sankyo Co., Ltd. |
600 | 16,007 | ||||||
| Eisai Co., Ltd. |
300 | 22,592 | ||||||
| Eli Lilly and Co. |
166 | 38,354 | ||||||
| GlaxoSmithKline plc |
1,357 | 25,614 | ||||||
| Hikma Pharmaceuticals plc |
881 | 28,983 | ||||||
| Hisamitsu Pharmaceutical Co., Inc. |
400 | 15,173 | ||||||
| Ipsen S.A. |
139 | 13,270 | ||||||
| Johnson & Johnson |
142 | 22,933 | ||||||
| Kyowa Kirin Co., Ltd. |
1,200 | 43,273 | ||||||
| Merck & Co., Inc. |
405 | 30,420 | ||||||
| Merck KGaA |
150 | 32,619 | ||||||
| Nippon Shinyaku Co., Ltd. |
400 | 33,324 | ||||||
| Novartis AG |
240 | 19,690 | ||||||
| Novo Nordisk A/S - Class B |
690 | 66,368 | ||||||
| Ono Pharmaceutical Co., Ltd. |
900 | 20,527 | ||||||
| Organon & Co. |
588 | 19,280 | ||||||
| Orion Oyj - Class B |
418 | 16,545 | ||||||
| Otsuka Holdings Co., Ltd. |
500 | 21,314 | ||||||
| Pfizer, Inc. |
643 | 27,655 | ||||||
| Recordati Industria Chimica e Farmaceutica S.p.A. |
673 | 39,147 | ||||||
| Roche Holding AG |
120 | 49,269 | ||||||
| Sanofi |
249 | 23,970 | ||||||
| Santen Pharmaceutical Co., Ltd. |
2,800 | 39,512 | ||||||
| Shionogi & Co., Ltd. |
300 | 20,552 | ||||||
| Sumitomo Dainippon Pharma Co., Ltd. |
1,000 | 17,867 | ||||||
| Taisho Pharmaceutical Holdings Co., Ltd. |
400 | 23,387 | ||||||
| Takeda Pharmaceutical Co., Ltd. |
738 | 24,463 | ||||||
| Teva Pharmaceutical Industries, Ltd. (ADR) (b) |
3,894 | 37,928 | ||||||
| UCB S.A. |
451 | 50,181 | ||||||
| Viatris, Inc. |
1,077 | 14,593 | ||||||
| Vifor Pharma AG |
116 | 15,020 | ||||||
| Zoetis, Inc. |
89 | 17,278 | ||||||
|
|
|
|||||||
| 1,033,079 | ||||||||
|
|
|
|||||||
| Professional Services—0.1% | ||||||||
| Equifax, Inc. |
97 | 24,582 | ||||||
| Experian plc |
305 | 12,670 | ||||||
| Jacobs Engineering Group, Inc. |
116 | 15,373 | ||||||
| Leidos Holdings, Inc. |
145 | 13,939 | ||||||
| Nielsen Holdings plc |
692 | 13,279 | ||||||
| Nihon M&A Center, Inc. |
200 | 5,894 | ||||||
| Robert Half International, Inc. |
330 | 33,109 | ||||||
| SGS S.A. |
12 | 34,893 | ||||||
| Thomson Reuters Corp. |
382 | 42,238 | ||||||
| Verisk Analytics, Inc. |
124 | 24,834 | ||||||
| Wolters Kluwer NV |
156 | 16,490 | ||||||
|
|
|
|||||||
| 237,301 | ||||||||
|
|
|
|||||||
| Real Estate Management & Development — 0.1% | ||||||||
| Aroundtown S.A. |
2,045 | 14,128 | ||||||
| Azrieli Group, Ltd. |
94 | 8,452 | ||||||
| CBRE Group, Inc. - Class A (b) |
281 | 27,358 | ||||||
| CK Asset Holdings, Ltd. |
227 | 1,305 | ||||||
| Real Estate Management & Development—(Continued) | ||||||||
| Daito Trust Construction Co., Ltd. |
100 | 11,675 | ||||||
| Daiwa House Industry Co., Ltd. |
200 | 6,679 | ||||||
| Deutsche Wohnen SE (b) |
353 | 21,631 | ||||||
| Fastighets AB Balder - B Shares (b) |
184 | 11,037 | ||||||
| Mitsubishi Estate Co., Ltd. |
1,000 | 15,925 | ||||||
| Sumitomo Realty & Development Co., Ltd. |
300 | 10,947 | ||||||
| Swiss Prime Site AG |
83 | 8,083 | ||||||
| Vonovia SE |
239 | 14,367 | ||||||
| Wharf Real Estate Investment Co., Ltd. |
2,596 | 13,412 | ||||||
|
|
|
|||||||
| 164,999 | ||||||||
|
|
|
|||||||
| Road & Rail—0.1% | ||||||||
| Aurizon Holdings, Ltd. |
8,386 | 22,840 | ||||||
| Canadian National Railway Co. |
88 | 10,198 | ||||||
| Canadian Pacific Railway, Ltd. |
350 | 22,855 | ||||||
| CSX Corp. |
735 | 21,859 | ||||||
| J.B. Hunt Transport Services, Inc. |
132 | 22,073 | ||||||
| Kansas City Southern |
81 | 21,922 | ||||||
| Keio Corp. |
800 | 42,829 | ||||||
| Kintetsu Group Holdings Co., Ltd. (b) |
900 | 30,377 | ||||||
| MTR Corp., Ltd. |
2,000 | 10,737 | ||||||
| Nippon Express Co., Ltd. |
100 | 6,890 | ||||||
| Odakyu Electric Railway Co., Ltd. |
500 | 11,583 | ||||||
| Old Dominion Freight Line, Inc. |
43 | 12,297 | ||||||
| Tobu Railway Co., Ltd. |
600 | 16,180 | ||||||
| Union Pacific Corp. |
74 | 14,505 | ||||||
|
|
|
|||||||
| 267,145 | ||||||||
|
|
|
|||||||
| Semiconductors & Semiconductor Equipment—0.2% | ||||||||
| Advantest Corp. |
100 | 8,959 | ||||||
| Analog Devices, Inc. |
146 | 24,452 | ||||||
| Applied Materials, Inc. |
118 | 15,190 | ||||||
| ASM International NV |
72 | 28,112 | ||||||
| ASML Holding NV |
45 | 33,195 | ||||||
| Broadcom, Inc. |
50 | 24,246 | ||||||
| Disco Corp. |
56 | 15,675 | ||||||
| Infineon Technologies AG |
431 | 17,718 | ||||||
| Intel Corp. |
426 | 22,697 | ||||||
| Microchip Technology, Inc. |
182 | 27,935 | ||||||
| Micron Technology, Inc. |
176 | 12,492 | ||||||
| NVIDIA Corp. |
80 | 16,573 | ||||||
| Qorvo, Inc. (b) |
85 | 14,211 | ||||||
| QUALCOMM, Inc. |
125 | 16,123 | ||||||
| Rohm Co., Ltd. |
173 | 16,298 | ||||||
| Skyworks Solutions, Inc. |
105 | 17,302 | ||||||
| STMicroelectronics NV |
309 | 13,472 | ||||||
| SUMCO Corp. |
500 | 10,039 | ||||||
| Texas Instruments, Inc. |
132 | 25,372 | ||||||
| Xilinx, Inc. |
135 | 20,384 | ||||||
|
|
|
|||||||
| 380,445 | ||||||||
|
|
|
|||||||
| Software—0.3% | ||||||||
| Adobe, Inc. (b) |
42 | 24,180 | ||||||
| Autodesk, Inc. (b) |
72 | 20,532 | ||||||
| AVEVA Group plc |
298 | 14,392 | ||||||
BHFTI-278
Brighthouse Funds Trust I
PanAgora Global Diversified Risk Portfolio
Consolidated Schedule of Investments as of September 30, 2021 (Unaudited)
Common Stocks—(Continued)
| Security Description | Shares | Value | ||||||
| Software—(Continued) | ||||||||
| Blackberry, Ltd. (b) |
2,024 | $ | 19,703 | |||||
| Check Point Software Technologies, Ltd. (b) |
332 | 37,529 | ||||||
| Citrix Systems, Inc. |
220 | 23,621 | ||||||
| Constellation Software, Inc. |
14 | 22,936 | ||||||
| CyberArk Software, Ltd. (b) |
251 | 39,613 | ||||||
| Dassault Systemes SE |
765 | 40,107 | ||||||
| Fortinet, Inc. (b) |
59 | 17,230 | ||||||
| Intuit, Inc. |
51 | 27,515 | ||||||
| Microsoft Corp. |
101 | 28,474 | ||||||
| Nemetschek SE |
142 | 14,925 | ||||||
| Nice, Ltd. (b) |
262 | 74,115 | ||||||
| NortonLifeLock, Inc. |
848 | 21,454 | ||||||
| Open Text Corp. |
350 | 17,083 | ||||||
| Oracle Corp. |
295 | 25,703 | ||||||
| Oracle Corp. Japan |
100 | 8,799 | ||||||
| Paycom Software, Inc. (b) |
57 | 28,258 | ||||||
| Sage Group plc (The) |
2,542 | 24,262 | ||||||
| SAP SE |
201 | 27,230 | ||||||
| ServiceNow, Inc. (b) |
40 | 24,891 | ||||||
| Synopsys, Inc. (b) |
150 | 44,912 | ||||||
| TeamViewer AG (b) |
401 | 11,824 | ||||||
| Temenos AG |
115 | 15,618 | ||||||
| Trend Micro, Inc. |
700 | 39,050 | ||||||
| Tyler Technologies, Inc. (b) |
56 | 25,684 | ||||||
| WiseTech Global, Ltd. |
976 | 37,603 | ||||||
| Xero, Ltd. (b) |
262 | 26,110 | ||||||
|
|
|
|||||||
| 783,353 | ||||||||
|
|
|
|||||||
| Specialty Retail—0.1% | ||||||||
| ABC-Mart, Inc. |
300 | 16,985 | ||||||
| Advance Auto Parts, Inc. |
104 | 21,725 | ||||||
| AutoZone, Inc. (b) |
19 | 32,262 | ||||||
| Bath & Body Works, Inc. |
276 | 17,396 | ||||||
| Best Buy Co., Inc. |
138 | 14,588 | ||||||
| CarMax, Inc. (b) |
115 | 14,715 | ||||||
| Gap, Inc. (The) |
426 | 9,670 | ||||||
| H & M Hennes & Mauritz AB - B Shares (b) |
372 | 7,542 | ||||||
| Home Depot, Inc. (The) |
50 | 16,413 | ||||||
| Industria de Diseno Textil S.A |
342 | 12,443 | ||||||
| Kingfisher plc |
2,421 | 10,953 | ||||||
| Nitori Holdings Co., Ltd. |
100 | 19,673 | ||||||
| O’Reilly Automotive, Inc. (b) |
47 | 28,720 | ||||||
| Ross Stores, Inc. |
223 | 24,274 | ||||||
| TJX Cos., Inc. (The) |
422 | 27,844 | ||||||
| Tractor Supply Co. |
124 | 25,124 | ||||||
| Ulta Beauty, Inc. (b) |
70 | 25,264 | ||||||
| Yamada Holdings Co., Ltd. |
5,500 | 23,149 | ||||||
|
|
|
|||||||
| 348,740 | ||||||||
|
|
|
|||||||
| Technology Hardware, Storage & Peripherals—0.1% | ||||||||
| Apple, Inc. |
124 | 17,546 | ||||||
| Canon, Inc. |
1,200 | 29,516 | ||||||
| FUJIFILM Holdings Corp. |
600 | 51,738 | ||||||
| HP, Inc. |
794 | 21,724 | ||||||
| Logitech International S.A. |
331 | 29,315 | ||||||
| NetApp, Inc. |
274 | 24,594 | ||||||
| Technology Hardware, Storage & Peripherals—(Continued) | ||||||||
| Ricoh Co., Ltd. |
1,200 | 12,314 | ||||||
| Seagate Technology Holdings plc |
253 | 20,878 | ||||||
| Seiko Epson Corp. |
700 | 14,123 | ||||||
|
|
|
|||||||
| 221,748 | ||||||||
|
|
|
|||||||
| Textiles, Apparel & Luxury Goods—0.1% | ||||||||
| Adidas AG |
57 | 17,961 | ||||||
| Cie Financiere Richemont S.A. - Class A |
135 | 13,920 | ||||||
| EssilorLuxottica S.A. |
112 | 21,416 | ||||||
| Gildan Activewear, Inc. |
791 | 28,902 | ||||||
| Hanesbrands, Inc. |
786 | 13,488 | ||||||
| Hermes International |
40 | 55,283 | ||||||
| Kering S.A. |
8 | 5,690 | ||||||
| Moncler S.p.A. |
129 | 7,890 | ||||||
| NIKE, Inc. - Class B |
162 | 23,527 | ||||||
| Pandora A/S |
152 | 18,433 | ||||||
| Puma SE |
222 | 24,811 | ||||||
| PVH Corp. (b) |
81 | 8,326 | ||||||
| Ralph Lauren Corp. |
166 | 18,433 | ||||||
| Swatch Group AG (The) - Bearer Shares |
79 | 20,709 | ||||||
| Tapestry, Inc. |
426 | 15,770 | ||||||
| Under Armour, Inc. - Class A (b) |
694 | 14,005 | ||||||
| VF Corp. |
294 | 19,695 | ||||||
|
|
|
|||||||
| 328,259 | ||||||||
|
|
|
|||||||
| Tobacco—0.1% | ||||||||
| Altria Group, Inc. |
851 | 38,738 | ||||||
| British American Tobacco plc |
361 | 12,595 | ||||||
| Imperial Brands plc |
882 | 18,407 | ||||||
| Japan Tobacco, Inc. |
1,200 | 23,561 | ||||||
| Philip Morris International, Inc. |
495 | 46,921 | ||||||
| Swedish Match AB |
2,870 | 25,170 | ||||||
|
|
|
|||||||
| 165,392 | ||||||||
|
|
|
|||||||
| Trading Companies & Distributors—0.1% | ||||||||
| Ashtead Group plc |
172 | 13,047 | ||||||
| Fastenal Co. |
268 | 13,832 | ||||||
| Ferguson plc |
77 | 10,674 | ||||||
| Marubeni Corp. |
3,300 | 27,076 | ||||||
| MonotaRO Co., Ltd. |
700 | 15,796 | ||||||
| United Rentals, Inc. (b) |
65 | 22,810 | ||||||
| WW Grainger, Inc. |
67 | 26,335 | ||||||
|
|
|
|||||||
| 129,570 | ||||||||
|
|
|
|||||||
| Transportation Infrastructure—0.0% | ||||||||
| Aena SME S.A. (b) |
35 | 6,037 | ||||||
| Aeroports de Paris (b) |
108 | 13,709 | ||||||
| Atlantia S.p.A. (b) |
614 | 11,608 | ||||||
| Auckland International Airport, Ltd. (b) |
4,470 | 24,031 | ||||||
| Sydney Airport (b) |
3,397 | 20,179 | ||||||
| Transurban Group |
1,608 | 16,303 | ||||||
|
|
|
|||||||
| 91,867 | ||||||||
|
|
|
|||||||
BHFTI-279
Brighthouse Funds Trust I
PanAgora Global Diversified Risk Portfolio
Consolidated Schedule of Investments as of September 30, 2021 (Unaudited)
Common Stocks—(Continued)
| Security Description | Shares/ Principal |
Value | ||||||
| Water Utilities—0.1% | ||||||||
| American Water Works Co., Inc. |
295 | $ | 49,867 | |||||
| Severn Trent plc |
1,485 | 51,928 | ||||||
| United Utilities Group plc |
2,922 | 37,994 | ||||||
|
|
|
|||||||
| 139,789 | ||||||||
|
|
|
|||||||
| Wireless Telecommunication Services—0.1% | ||||||||
| KDDI Corp. |
2,100 | 69,400 | ||||||
| Rogers Communications, Inc. - Class B |
182 | 8,499 | ||||||
| SoftBank Corp. |
2,800 | 38,016 | ||||||
| SoftBank Group Corp. |
100 | 5,779 | ||||||
| T-Mobile U.S., Inc. (b) |
472 | 60,303 | ||||||
| Tele2 AB - B Shares |
2,432 | 35,926 | ||||||
| Vodafone Group plc |
16,068 | 24,305 | ||||||
|
|
|
|||||||
| 242,228 | ||||||||
|
|
|
|||||||
| Total Common Stocks |
29,372,659 | |||||||
|
|
|
|||||||
| U.S. Treasury & Government Agencies—11.4% | ||||||||
| U.S. Treasury—11.4% | ||||||||
| U.S. Treasury Inflation Indexed Bonds |
2,778,358 | 4,133,350 | ||||||
| 3.375%, 04/15/32 (a) |
4,613,400 | 6,749,861 | ||||||
| 3.875%, 04/15/29 (a) |
3,320,800 | 4,631,781 | ||||||
| U.S. Treasury Inflation Indexed Notes |
||||||||
| 0.125%, 01/15/23 (a) |
2,365,100 | 2,445,076 | ||||||
| 0.125%, 10/15/25 (a) |
631,194 | 682,963 | ||||||
| 0.125%, 01/15/30 (a) |
1,591,395 | 1,748,235 | ||||||
| 0.250%, 01/15/25 (a) |
2,881,100 | 3,095,269 | ||||||
| 0.250%, 07/15/29 (a) |
3,201,330 | 3,561,355 | ||||||
| 0.375%, 07/15/25 (a) |
1,726,545 | 1,883,935 | ||||||
|
|
|
|||||||
| Total U.S. Treasury & Government Agencies |
28,931,825 | |||||||
|
|
|
|||||||
| Mutual Funds—10.1% |
| |||||||
| Investment Company Securities—10.1% | ||||||||
| iShares iBoxx $ Investment Grade Corporate Bond ETF |
193,481 | 25,738,777 | ||||||
|
|
|
|||||||
| Preferred Stocks—0.0% |
| |||||||
| Chemicals—0.0% | ||||||||
| Fuchs Petrolub SE |
497 | 23,252 | ||||||
|
|
|
|||||||
| Electronics—0.0% | ||||||||
| Sartorius AG |
56 | 35,664 | ||||||
|
|
|
|||||||
| Total Preferred Stocks |
58,916 | |||||||
|
|
|
|||||||
| Rights—0.0% |
| |||||||
| Security Description | Shares/ Principal |
Value | ||||||
| Transportation Infrastructure—0.0% | ||||||||
| Transurban Group (b) |
179 | $ | 136 | |||||
|
|
|
|||||||
| Short-Term Investments—36.3% |
| |||||||
| Mutual Funds—3.6% | ||||||||
| BlackRock Liquidity Funds T-Fund Portfolio, Institutional Class,
|
7,472,203 | 7,472,203 | ||||||
| UBS Select Treasury Institutional Fund, Institutional Class, |
1,732,858 | 1,732,858 | ||||||
|
|
|
|||||||
| 9,205,061 | ||||||||
|
|
|
|||||||
| Repurchase Agreement—16.1% | ||||||||
| Fixed Income Clearing Corp. |
40,762,336 | 40,762,336 | ||||||
|
|
|
|||||||
| U.S. Treasury—16.6% | ||||||||
| U.S. Treasury Bills |
||||||||
| 0.030%, 10/21/21 (f)(g) |
12,000,000 | 11,999,477 | ||||||
| 0.045%, 03/17/22 (f) |
30,000,000 | 29,993,389 | ||||||
|
|
|
|||||||
| 41,992,866 | ||||||||
|
|
|
|||||||
| Total Short-Term Investments |
91,960,263 | |||||||
| Total Investments— 90.3% |
229,220,873 | |||||||
| Other assets and liabilities (net)—9.7% |
24,734,480 | |||||||
|
|
|
|||||||
| Net Assets—100.0% | $ | 253,955,353 | ||||||
|
|
|
|||||||
| * | Principal amount stated in U.S. dollars unless otherwise noted. | |||||
| (a) | Principal amount of security is adjusted for inflation. | |||||
| (b) | Non-income producing security. | |||||
| (c) | Security was valued in good faith under procedures approved by the Board of Trustees. As of September 30, 2021, these securities represent less than 0.05% of net assets. | |||||
| (d) | Significant unobservable inputs were used in the valuation of this portfolio security; i.e. Level 3. | |||||
| (e) | The rate shown represents the annualized seven-day yield as of September 30, 2021. | |||||
| (f) | The rate shown represents current yield to maturity. | |||||
| (g) | All or a portion of the security was pledged as collateral against open futures contracts. As of September 30, 2021, the market value of securities pledged was $11,999,477. | |||||
| (144A)— | Securities exempt from registration under Rule 144A of the Securities Act of 1933. These securities may be resold in transactions exempt from registration, normally to qualified institutional buyers. As of September 30, 2021, the market value of 144A securities was $7,199,858, which is 2.8% of net assets. | |||||
BHFTI-280
Brighthouse Funds Trust I
PanAgora Global Diversified Risk Portfolio
Consolidated Schedule of Investments as of September 30, 2021 (Unaudited)
Forward Foreign Currency Exchange Contracts
| Contracts to Deliver |
Counterparty |
Settlement Date |
In Exchange for |
Unrealized Appreciation/ (Depreciation) |
||||||||||||||||||
| AUD | 1,100,000 | BNY |
10/28/21 | USD | 799,251 | $ | 3,928 | |||||||||||||||
| CAD | 1,700,000 | BNY |
10/28/21 | USD | 1,342,800 | 677 | ||||||||||||||||
| CAD | 17,627 | BNY |
10/28/21 | USD | 13,903 | (13 | ) | |||||||||||||||
| CHF | 900,000 | SSBT |
10/28/21 | USD | 970,551 | 4,275 | ||||||||||||||||
| EUR | 26,600,000 | BBP |
10/28/21 | USD | 31,223,697 | 397,777 | ||||||||||||||||
| EUR | 3,500,000 | SSBT |
10/28/21 | USD | 4,095,752 | 39,709 | ||||||||||||||||
| GBP | 1,000,000 | BNY |
10/28/21 | USD | 1,370,444 | 23,004 | ||||||||||||||||
| GBP | 17,420,000 | SSBT |
10/28/21 | USD | 23,749,911 | 277,508 | ||||||||||||||||
| HKD | 9,100,000 | SSBT |
10/28/21 | USD | 1,169,143 | 91 | ||||||||||||||||
| JPY | 591,700,000 | SSBT |
10/28/21 | USD | 5,336,404 | 19,056 | ||||||||||||||||
|
|
|
|||||||||||||||||||||
| Net Unrealized Appreciation |
|
$ | 766,012 | |||||||||||||||||||
|
|
|
|||||||||||||||||||||
Futures Contracts
| Futures Contracts—Long |
Expiration Date |
Number of Contracts |
Notional Value |
Value/ Unrealized Appreciation/ (Depreciation) |
||||||||||||||||
| Amsterdam AEX Index Futures |
10/15/21 | 9 | EUR | 1,386,594 | $ | (50,267 | ) | |||||||||||||
| Australian 10 Year Treasury Bond Futures |
12/15/21 | 303 | AUD | 42,866,189 | (655,440 | ) | ||||||||||||||
| Bloomberg Commodity Index Futures |
12/15/21 | 446 | USD | 4,491,220 | 186,763 | |||||||||||||||
| Brent Crude Oil Futures |
11/30/21 | 38 | USD | 2,946,140 | 198,211 | |||||||||||||||
| Canada Government Bond 10 Year Futures |
12/20/21 | 259 | CAD | 37,075,850 | (743,282 | ) | ||||||||||||||
| Cattle Feeder Futures |
11/18/21 | 14 | USD | 1,070,300 | (84,387 | ) | ||||||||||||||
| Cocoa Futures |
03/16/22 | 45 | USD | 1,204,650 | 12,158 | |||||||||||||||
| Cocoa Futures |
12/15/21 | 13 | USD | 344,760 | 24,363 | |||||||||||||||
| Coffee “C” Futures |
12/20/21 | 10 | USD | 727,500 | 47,178 | |||||||||||||||
| Copper Futures |
12/29/21 | 14 | USD | 1,431,150 | (89,729 | ) | ||||||||||||||
| Corn Futures |
12/14/21 | 39 | USD | 1,046,663 | 229,651 | |||||||||||||||
| Cotton No. 2 Futures |
03/09/22 | 15 | USD | 779,100 | 98,098 | |||||||||||||||
| DAX Index Futures |
12/17/21 | 3 | EUR | 1,146,600 | (35,684 | ) | ||||||||||||||
| Euro-BTP Futures |
12/08/21 | 59 | EUR | 8,965,050 | (159,693 | ) | ||||||||||||||
| Euro-Bobl Futures |
12/08/21 | 169 | EUR | 22,803,170 | (172,151 | ) | ||||||||||||||
| Euro-Bund Futures |
12/08/21 | 68 | EUR | 11,547,760 | (215,884 | ) | ||||||||||||||
| Euro-Buxl 30 Year Bond Futures |
12/08/21 | 26 | EUR | 5,286,840 | (200,864 | ) | ||||||||||||||
| FTSE 100 Index Futures |
12/17/21 | 26 | GBP | 1,839,110 | 25,593 | |||||||||||||||
| Gold 100 oz. Futures |
12/29/21 | 29 | USD | 5,095,300 | (206,747 | ) | ||||||||||||||
| Goldman Sachs Commodity Index Futures |
10/15/21 | 54 | USD | 7,524,900 | 475,113 | |||||||||||||||
| Hang Seng Index Futures |
10/28/21 | 14 | HKD | 17,166,800 | 4,380 | |||||||||||||||
| IBEX 35 Index Futures |
10/15/21 | 12 | EUR | 1,057,968 | 5,292 | |||||||||||||||
| Interest Rate Swap 10 Year Futures |
12/13/21 | 221 | USD | 22,396,969 | (421,615 | ) | ||||||||||||||
| Interest Rate Swap 5 Year Futures |
12/13/21 | 343 | USD | 34,463,461 | (319,418 | ) | ||||||||||||||
| Japanese Government 10 Year Bond Futures |
12/13/21 | 19 | JPY | 2,876,030,000 | (75,305 | ) | ||||||||||||||
| Japanese Government 10 Year Bond Mini Futures |
12/10/21 | 425 | JPY | 6,438,750,000 | (151,689 | ) | ||||||||||||||
| LME Nickel Futures |
12/13/21 | 10 | USD | 1,076,190 | (64,924 | ) | ||||||||||||||
| LME Primary Aluminum Futures |
12/15/21 | 30 | USD | 2,142,938 | 203,347 | |||||||||||||||
| LME Zinc Futures |
12/13/21 | 21 | USD | 1,568,175 | (21,735 | ) | ||||||||||||||
| Lean Hogs Futures |
12/14/21 | 10 | USD | 341,600 | 12,153 | |||||||||||||||
| Live Cattle Futures |
12/31/21 | 33 | USD | 1,659,570 | (105,994 | ) | ||||||||||||||
| Low Sulphur Gas Oil Futures |
12/10/21 | 17 | USD | 1,140,700 | 149,652 | |||||||||||||||
| MSCI Emerging Markets Index Mini Futures |
12/17/21 | 313 | USD | 19,493,640 | (859,788 | ) | ||||||||||||||
| Natural Gas Futures |
11/26/21 | 33 | USD | 1,977,030 | 302,042 | |||||||||||||||
| Natural Gas Futures |
12/29/21 | 14 | USD | 850,220 | 56,797 | |||||||||||||||
| New York Harbor ULSD Futures |
11/30/21 | 11 | USD | 1,077,338 | 133,420 | |||||||||||||||
| OMX Stockholm 30 Index Futures |
10/15/21 | 47 | SEK | 10,590,275 | (41,843 | ) | ||||||||||||||
BHFTI-281
Brighthouse Funds Trust I
PanAgora Global Diversified Risk Portfolio
Consolidated Schedule of Investments as of September 30, 2021 (Unaudited)
Futures Contracts—(Continued)
| Futures Contracts—Long |
Expiration Date |
Number of Contracts |
Notional Value |
Value/ Unrealized Appreciation/ (Depreciation) |
||||||||||||||||
| RBOB Gasoline Futures |
11/30/21 | 11 | USD | 996,118 | $ | 45,407 | ||||||||||||||
| Russell 2000 Index E-Mini Futures |
12/17/21 | 247 | USD | 27,179,880 | (557,549 | ) | ||||||||||||||
| S&P 500 Index E-Mini Futures |
12/17/21 | 97 | USD | 20,844,088 | (899,638 | ) | ||||||||||||||
| S&P TSX 60 Index Futures |
12/16/21 | 15 | CAD | 3,588,300 | (70,409 | ) | ||||||||||||||
| SPI 200 Index Futures |
12/16/21 | 19 | AUD | 3,464,175 | (23,387 | ) | ||||||||||||||
| Silver Futures |
12/29/21 | 18 | USD | 1,984,230 | (221,880 | ) | ||||||||||||||
| Soybean Futures |
01/14/22 | 13 | USD | 822,575 | (25,158 | ) | ||||||||||||||
| Soybean Meal Futures |
12/14/21 | 24 | USD | 788,880 | (107,110 | ) | ||||||||||||||
| Soybean Oil Futures |
12/14/21 | 20 | USD | 704,280 | (73,350 | ) | ||||||||||||||
| Sugar No. 11 Futures |
02/28/22 | 42 | USD | 956,794 | 40,918 | |||||||||||||||
| TOPIX Index Futures |
12/09/21 | 12 | JPY | 243,660,000 | 7,872 | |||||||||||||||
| U.S. Treasury Long Bond Futures |
12/21/21 | 161 | USD | 25,634,219 | (685,254 | ) | ||||||||||||||
| U.S. Treasury Note 10 Year Futures |
12/21/21 | 141 | USD | 18,556,922 | (254,568 | ) | ||||||||||||||
| U.S. Treasury Note 2 Year Futures |
12/31/21 | 39 | USD | 8,582,133 | (5,747 | ) | ||||||||||||||
| U.S. Treasury Note 5 Year Futures |
12/31/21 | 145 | USD | 17,797,617 | (115,401 | ) | ||||||||||||||
| United Kingdom Long Gilt Bond Futures |
12/29/21 | 170 | GBP | 21,275,500 | (910,001 | ) | ||||||||||||||
| Wheat Futures |
12/14/21 | 31 | USD | 1,124,525 | (2,160 | ) | ||||||||||||||
| Futures Contracts—Short |
||||||||||||||||||||
| LME Nickel Futures |
12/13/21 | (1 | ) | USD | (107,619 | ) | 8,369 | |||||||||||||
| LME Primary Aluminum Futures |
12/15/21 | (3 | ) | USD | (214,294 | ) | (12,779 | ) | ||||||||||||
| LME Zinc Futures |
12/13/21 | (1 | ) | USD | (74,675 | ) | (118 | ) | ||||||||||||
|
|
|
|||||||||||||||||||
| Net Unrealized Depreciation |
|
$ | (6,374,171 | ) | ||||||||||||||||
|
|
|
|||||||||||||||||||
Swap Agreements
Centrally Cleared Interest Rate Swaps
| Pay/Receive |
Floating Rate Index |
Payment Frequency |
Fixed Rate |
Payment |
Maturity Date |
Notional Amount |
Market Value |
Upfront Premiums Paid/(Received) |
Unrealized Appreciation/ (Depreciation) |
|||||||||||||||||||||||||
| Pay |
3M LIBOR | Quarterly | 0.500% | Semi-Annually | 03/16/24 | USD | 77,723,000 | $ | (163,669 | ) | $ | 257 | $ | (163,926 | ) | |||||||||||||||||||
Glossary of Abbreviations
Counterparties
| (BBP)— | Barclays Bank plc | |
| (BNY)— | Bank of New York Mellon | |
| (SSBT)— | State Street Bank and Trust Co. |
Currencies
| (AUD)— | Australian Dollar | |
| (CAD)— | Canadian Dollar | |
| (CHF)— | Swiss Franc | |
| (EUR)— | Euro | |
| (GBP)— | British Pound | |
| (HKD)— | Hong Kong Dollar | |
| (JPY)— | Japanese Yen | |
| (SEK)— | Swedish Krona | |
| (USD)— | United States Dollar |
Index Abbreviations
| (LIBOR)— | London Interbank Offered Rate |
Other Abbreviations
| (REIT)— | Real Estate Investment Trust | |
| (ADR)— | American Depositary Receipt | |
| (ETF)— | Exchange-Traded Fund |
BHFTI-282
Brighthouse Funds Trust I
PanAgora Global Diversified Risk Portfolio
Consolidated Schedule of Investments as of September 30, 2021 (Unaudited)
Fair Value Hierarchy
Accounting principles generally accepted in the United States of America (“GAAP”) define fair market value as the price that the Portfolio would receive to sell an asset or pay to transfer a liability in an orderly transaction between market participants at the measurement date. It establishes a fair value hierarchy that prioritizes inputs to valuation methods and requires disclosure of the fair value hierarchy, separately for each major category of assets and liabilities, that segregates fair value measurements into three levels. Levels 1, 2 and 3 of the fair value hierarchy are defined as follows:
Level 1 - unadjusted quoted prices in active markets for identical investments
Level 2 - other significant observable inputs (including, but not limited to, quoted prices for similar assets or liabilities in markets that are either active or inactive; inputs other than quoted prices that are observable such as interest rates, yield curves, volatilities, prepayment speeds, loss severities, credit risks, default rates, or other market corroborated inputs)
Level 3 - significant unobservable inputs based on the best information available in the circumstances, to the extent observable
inputs are unavailable (including the Portfolio’s own assumptions used in determining the fair value of investments and derivative financial instruments)
The inputs or methodologies used for valuing investments are not necessarily an indication of the risk associated with investing in them. Changes to the inputs or methodologies used may result in transfers between levels. A reconciliation of Level 3 securities, if any, will be disclosed following the fair value hierarchy table. For more information about the Portfolio’s policy regarding the valuation of investments, please refer to the Notes to Schedule of Investments.
The following table summarizes the fair value hierarchy of the Portfolio’s investments as of September 30, 2021:
| Description | Level 1 | Level 2 | Level 3 | Total | ||||||||||||
| Total Foreign Government* |
$ | — | $ | 53,158,297 | $ | — | $ | 53,158,297 | ||||||||
| Common Stocks |
| |||||||||||||||
| Aerospace & Defense |
159,159 | 37,188 | — | 196,347 | ||||||||||||
| Air Freight & Logistics |
71,755 | 31,207 | — | 102,962 | ||||||||||||
| Airlines |
54,230 | 33,752 | — | 87,982 | ||||||||||||
| Auto Components |
45,830 | 44,129 | — | 89,959 | ||||||||||||
| Automobiles |
15,052 | 60,231 | — | 75,283 | ||||||||||||
| Banks |
426,634 | 312,641 | — | 739,275 | ||||||||||||
| Beverages |
253,089 | 443,186 | — | 696,275 | ||||||||||||
| Biotechnology |
166,507 | 151,514 | — | 318,021 | ||||||||||||
| Building Products |
113,185 | 105,704 | — | 218,889 | ||||||||||||
| Capital Markets |
276,156 | 117,494 | — | 393,650 | ||||||||||||
| Chemicals |
585,016 | 466,235 | — | 1,051,251 | ||||||||||||
| Commercial Services & Supplies |
122,800 | 44,619 | — | 167,419 | ||||||||||||
| Communications Equipment |
112,960 | 50,562 | — | 163,522 | ||||||||||||
| Construction & Engineering |
51,251 | 26,898 | — | 78,149 | ||||||||||||
| Construction Materials |
82,994 | 66,410 | — | 149,404 | ||||||||||||
| Consumer Finance |
19,112 | — | — | 19,112 | ||||||||||||
| Containers & Packaging |
289,171 | 32,449 | — | 321,620 | ||||||||||||
| Distributors |
58,860 | — | — | 58,860 | ||||||||||||
| Diversified Financial Services |
18,833 | 89,862 | — | 108,695 | ||||||||||||
| Diversified Telecommunication Services |
265,693 | 1,105,697 | — | 1,371,390 | ||||||||||||
| Electric Utilities |
1,004,683 | 1,427,567 | — | 2,432,250 | ||||||||||||
| Electrical Equipment |
96,518 | 36,949 | — | 133,467 | ||||||||||||
| Electronic Equipment, Instruments & Components |
154,007 | 205,136 | — | 359,143 | ||||||||||||
| Energy Equipment & Services |
83,083 | 22,768 | — | 105,851 | ||||||||||||
| Entertainment |
387,781 | 231,825 | — | 619,606 | ||||||||||||
| Equity Real Estate Investment Trusts |
431,482 | 225,254 | — | 656,736 | ||||||||||||
| Food & Staples Retailing |
586,961 | 577,301 | — | 1,164,262 | ||||||||||||
| Food Products |
741,259 | 609,972 | — | 1,351,231 | ||||||||||||
| Gas Utilities |
40,572 | 605,903 | — | 646,475 | ||||||||||||
| Health Care Equipment & Supplies |
445,464 | 657,721 | — | 1,103,185 | ||||||||||||
| Health Care Providers & Services |
326,024 | 126,215 | 0 | 452,239 | ||||||||||||
| Health Care Technology |
20,733 | 10,066 | — | 30,799 | ||||||||||||
| Hotels, Restaurants & Leisure |
298,610 | 169,058 | — | 467,668 | ||||||||||||
| Household Durables |
146,584 | 116,492 | — | 263,076 | ||||||||||||
| Household Products |
257,830 | 170,360 | — | 428,190 | ||||||||||||
| Independent Power and Renewable Electricity Producers |
60,364 | 82,897 | — | 143,261 | ||||||||||||
| Industrial Conglomerates |
47,515 | 77,206 | — | 124,721 | ||||||||||||
| Insurance |
305,514 | 235,131 | — | 540,645 | ||||||||||||
| Interactive Media & Services |
174,138 | 148,396 | — | 322,534 | ||||||||||||
| Internet & Direct Marketing Retail |
66,306 | 129,937 | — | 196,243 | ||||||||||||
BHFTI-283
Brighthouse Funds Trust I
PanAgora Global Diversified Risk Portfolio
Consolidated Schedule of Investments as of September 30, 2021 (Unaudited)
Fair Value Hierarchy—(Continued)
| Description | Level 1 | Level 2 | Level 3 | Total | ||||||||||||
| IT Services |
$ | 447,218 | $ | 351,015 | $ | — | $ | 798,233 | ||||||||
| Leisure Products |
12,491 | 61,305 | — | 73,796 | ||||||||||||
| Life Sciences Tools & Services |
193,742 | 195,590 | — | 389,332 | ||||||||||||
| Machinery |
208,571 | 257,909 | — | 466,480 | ||||||||||||
| Marine |
— | 12,794 | — | 12,794 | ||||||||||||
| Media |
518,247 | 175,173 | — | 693,420 | ||||||||||||
| Metals & Mining |
311,673 | 223,867 | — | 535,540 | ||||||||||||
| Multi-Utilities |
905,233 | 384,794 | — | 1,290,027 | ||||||||||||
| Multiline Retail |
107,236 | 118,956 | — | 226,192 | ||||||||||||
| Oil, Gas & Consumable Fuels |
793,928 | 1,300,249 | — | 2,094,177 | ||||||||||||
| Paper & Forest Products |
— | 64,473 | — | 64,473 | ||||||||||||
| Personal Products |
55,787 | 188,846 | — | 244,633 | ||||||||||||
| Pharmaceuticals |
255,390 | 777,689 | — | 1,033,079 | ||||||||||||
| Professional Services |
167,354 | 69,947 | — | 237,301 | ||||||||||||
| Real Estate Management & Development |
48,989 | 116,010 | — | 164,999 | ||||||||||||
| Road & Rail |
125,709 | 141,436 | — | 267,145 | ||||||||||||
| Semiconductors & Semiconductor Equipment |
236,977 | 143,468 | — | 380,445 | ||||||||||||
| Software |
449,318 | 334,035 | — | 783,353 | ||||||||||||
| Specialty Retail |
257,995 | 90,745 | — | 348,740 | ||||||||||||
| Technology Hardware, Storage & Peripherals |
84,742 | 137,006 | — | 221,748 | ||||||||||||
| Textiles, Apparel & Luxury Goods |
142,146 | 186,113 | — | 328,259 | ||||||||||||
| Tobacco |
85,659 | 79,733 | — | 165,392 | ||||||||||||
| Trading Companies & Distributors |
62,977 | 66,593 | — | 129,570 | ||||||||||||
| Transportation Infrastructure |
— | 91,867 | — | 91,867 | ||||||||||||
| Water Utilities |
49,867 | 89,922 | — | 139,789 | ||||||||||||
| Wireless Telecommunication Services |
68,802 | 173,426 | — | 242,228 | ||||||||||||
| Total Common Stocks |
14,453,766 | 14,918,893 | 0 | 29,372,659 | ||||||||||||
| Total U.S. Treasury & Government Agencies* |
— | 28,931,825 | — | 28,931,825 | ||||||||||||
| Total Mutual Funds* |
25,738,777 | — | — | 25,738,777 | ||||||||||||
| Total Preferred Stocks* |
— | 58,916 | — | 58,916 | ||||||||||||
| Total Rights* |
136 | — | — | 136 | ||||||||||||
| Short-Term Investments | ||||||||||||||||
| Mutual Funds |
9,205,061 | — | — | 9,205,061 | ||||||||||||
| Repurchase Agreement |
— | 40,762,336 | — | 40,762,336 | ||||||||||||
| U.S. Treasury |
— | 41,992,866 | — | 41,992,866 | ||||||||||||
| Total Short-Term Investments |
9,205,061 | 82,755,202 | — | 91,960,263 | ||||||||||||
| Total Investments |
$ | 49,397,740 | $ | 179,823,133 | $ | 0 | $ | 229,220,873 | ||||||||
| Forward Contracts |
| |||||||||||||||
| Forward Foreign Currency Exchange Contracts (Unrealized Appreciation) |
$ | — | $ | 766,025 | $ | — | $ | 766,025 | ||||||||
| Forward Foreign Currency Exchange Contracts (Unrealized Depreciation) |
— | (13 | ) | — | (13 | ) | ||||||||||
| Total Forward Contracts |
$ | — | $ | 766,012 | $ | — | $ | 766,012 | ||||||||
| Futures Contracts |
| |||||||||||||||
| Futures Contracts (Unrealized Appreciation) |
$ | 2,266,777 | $ | — | $ | — | $ | 2,266,777 | ||||||||
| Futures Contracts (Unrealized Depreciation) |
(8,640,948 | ) | — | — | (8,640,948 | ) | ||||||||||
| Total Futures Contracts |
$ | (6,374,171 | ) | $ | — | $ | — | $ | (6,374,171 | ) | ||||||
| Centrally Cleared Swap Contracts |
| |||||||||||||||
| Centrally Cleared Swap Contracts (Unrealized Depreciation) |
$ | — | $ | (163,926 | ) | $ | — | $ | (163,926 | ) | ||||||
| * | See Consolidated Schedule of Investments for additional detailed categorizations. | |||
Level 3 investments at the beginning and/or end of the period in relation to net assets were not significant and accordingly, a reconciliation of Level 3 assets for the period ended September 30, 2021 is not presented.
BHFTI-284
Brighthouse Funds Trust I
PIMCO Inflation Protected Bond Portfolio
Schedule of Investments as of September 30, 2021 (Unaudited)
U.S. Treasury & Government Agencies—110.3% of Net Assets
| Security Description | Principal Amount* |
Value | ||||||
| Agency Sponsored Mortgage-Backed—5.9% | ||||||||
| Fannie Mae 30 Yr. Pool |
771,096 | $ | 828,160 | |||||
| 4.000%, 06/01/50 |
1,667,121 | 1,786,452 | ||||||
| Fannie Mae ARM Pool |
5,141 | 5,243 | ||||||
| 1.299%, 12M MTA + 1.200%, 09/01/44 (a) |
10,149 | 10,351 | ||||||
| 2.422%, 1Y H15 + 2.360%, 11/01/34 (a) |
188,814 | 200,750 | ||||||
| Fannie Mae REMICS (CMO) |
138,845 | 136,447 | ||||||
| 0.144%, 1M LIBOR + 0.060%, 12/25/36 (a) |
17,328 | 17,176 | ||||||
| 0.236%, 1M LIBOR + 0.150%, 08/25/34 (a) |
23,605 | 23,424 | ||||||
| 0.436%, 1M LIBOR + 0.350%, 07/25/37 (a) |
3,495 | 3,517 | ||||||
| 0.466%, 1M LIBOR + 0.380%, 07/25/37 (a) |
34,045 | 34,373 | ||||||
| 1.932%, 05/25/35 (a) |
98,422 | 100,428 | ||||||
| Fannie Mae Whole Loan (CMO) |
26,596 | 26,780 | ||||||
| Freddie Mac ARM Non-Gold Pool |
17,823 | 18,946 | ||||||
| Freddie Mac REMICS (CMO) |
1,854,424 | 1,844,033 | ||||||
| Freddie Mac Strips (CMO) |
2,145,318 | 2,136,512 | ||||||
| Freddie Mac Structured Pass-Through Certificates (CMO) |
20,477 | 20,014 | ||||||
| 1.292%, 12M MTA + 1.200%, 10/25/44 (a) |
1,094,665 | 1,122,666 | ||||||
| 1.299%, 12M MTA + 1.200%, 02/25/45 (a) |
324,716 | 326,893 | ||||||
| Government National Mortgage Association (CMO) |
2,950,151 | 2,915,936 | ||||||
| 0.920%, 1M LIBOR + 0.830%, 08/20/66 (a) |
197,182 | 200,071 | ||||||
| 1.029%, 12M LIBOR + 0.750%, 04/20/67 (a) |
2,387,667 | 2,415,418 | ||||||
| Uniform Mortgage-Backed Securities 30 Yr. Pool |
17,720,000 | 18,762,418 | ||||||
| 4.000%, TBA (b) |
102,270,000 | 109,570,720 | ||||||
|
|
|
|||||||
| 142,506,728 | ||||||||
|
|
|
|||||||
| U.S. Treasury—104.4% | ||||||||
| U.S. Treasury Bond |
12,550,000 | 11,274,900 | ||||||
| U.S. Treasury Inflation Indexed Bonds |
40,091,975 | 43,400,085 | ||||||
| 0.125%, 07/15/31 (c) (d) |
77,575,814 | 85,419,257 | ||||||
| 0.125%, 02/15/51 (d) |
16,051,463 | 17,580,533 | ||||||
| 0.250%, 02/15/50 (d) |
12,549,412 | 14,128,220 | ||||||
| 0.625%, 02/15/43 (d) |
10,210,264 | 12,157,659 | ||||||
| 0.750%, 02/15/42 (c) (d) |
54,548,530 | 66,405,023 | ||||||
| 0.750%, 02/15/45 (d) |
18,268,204 | 22,454,905 | ||||||
| 0.875%, 02/15/47 (d) |
43,576,483 | 55,808,538 | ||||||
| 1.000%, 02/15/46 (c) (d) |
65,007,448 | 84,592,635 | ||||||
| 1.375%, 02/15/44 (c) (d) |
89,089,985 | 122,263,244 | ||||||
| 1.750%, 01/15/28 (c) (d) |
67,307,966 | 80,986,032 | ||||||
| 2.000%, 01/15/26 (d) |
30,170,123 | 35,182,763 | ||||||
| 2.125%, 02/15/40 (d) |
25,043,109 | 37,256,515 | ||||||
| 2.125%, 02/15/41 (d) |
18,983,281 | 28,569,591 | ||||||
| 2.375%, 01/15/25 (c) (d) |
59,784,135 | 68,624,869 | ||||||
| 2.375%, 01/15/27 (d) (e) (f) |
514,341 | 625,698 | ||||||
| 2.500%, 01/15/29 (d) |
29,561,392 | 37,860,906 | ||||||
| U.S. Treasury—(Continued) | ||||||||
| U.S. Treasury Inflation Indexed Bonds |
||||||||
| 3.375%, 04/15/32 (d) (e) (f) |
2,980,256 | 4,360,410 | ||||||
| 3.625%, 04/15/28 (d) |
32,352,059 | 43,251,291 | ||||||
| 3.875%, 04/15/29 (d) |
33,739,328 | 47,058,894 | ||||||
| U.S. Treasury Inflation Indexed Notes |
23,275,800 | 23,445,520 | ||||||
| 0.125%, 04/15/22 (c) (d) |
62,981,445 | 63,860,561 | ||||||
| 0.125%, 07/15/22 (d) (g) (h) |
36,081,514 | 36,950,665 | ||||||
| 0.125%, 01/15/23 (c) (d) (g) |
99,400,926 | 102,762,179 | ||||||
| 0.125%, 10/15/24 (c) (d) |
91,953,792 | 98,369,005 | ||||||
| 0.125%, 04/15/25 (d) |
46,074,300 | 49,427,285 | ||||||
| 0.125%, 10/15/25 (d) |
9,678,308 | 10,472,106 | ||||||
| 0.125%, 04/15/26 (c) (d) |
40,091,975 | 43,400,085 | ||||||
| 0.125%, 07/15/26 (c) (d) |
59,498,327 | 64,903,533 | ||||||
| 0.125%, 01/15/30 (c) (d) |
64,527,648 | 70,887,150 | ||||||
| 0.125%, 07/15/30 (c) (d) |
65,742,450 | 72,498,172 | ||||||
| 0.125%, 01/15/31 (c) (d) |
84,688,195 | 92,941,986 | ||||||
| 0.125%, 07/15/31 (c) (d) |
77,575,814 | 85,419,257 | ||||||
| 0.250%, 01/15/25 (c) (d) |
67,326,440 | 72,331,214 | ||||||
| 0.250%, 07/15/29 (c) (d) |
78,604,253 | 87,444,161 | ||||||
| 0.375%, 07/15/23 (c) (d) |
79,013,889 | 83,242,366 | ||||||
| 0.375%, 07/15/25 (d) |
10,876,082 | 11,867,534 | ||||||
| 0.375%, 01/15/27 (d) |
47,210,982 | 52,120,802 | ||||||
| 0.375%, 07/15/27 (d) |
47,412,891 | 52,741,285 | ||||||
| 0.500%, 04/15/24 (c) (d) |
83,611,190 | 89,290,872 | ||||||
| 0.500%, 01/15/28 (c) (d) |
138,342,754 | 154,877,235 | ||||||
| 0.625%, 04/15/23 (c) (d) |
82,216,647 | 86,027,732 | ||||||
| 0.625%, 01/15/24 (d) (h) |
58,551,662 | 62,469,591 | ||||||
| 0.625%, 01/15/26 (c) (d) |
57,275,131 | 63,215,189 | ||||||
| 0.750%, 07/15/28 (d) |
48,509,806 | 55,540,570 | ||||||
| 0.875%, 01/15/29 (d) (i) |
17,744,943 | 20,501,648 | ||||||
| U.S. Treasury Notes |
2,260,000 | 2,344,838 | ||||||
|
|
|
|||||||
| 2,499,795,167 | ||||||||
|
|
|
|||||||
| Total U.S. Treasury & Government Agencies |
2,642,301,895 | |||||||
|
|
|
|||||||
| Foreign Government—11.6% | ||||||||
| Sovereign—11.6% | ||||||||
| Australia Government Bonds |
8,500,000 | 7,390,372 | ||||||
| 3.000%, 09/20/25 (AUD ) (d) |
11,150,000 | 12,098,025 | ||||||
| Canadian Government Real Return Bond |
7,775,568 | 7,821,487 | ||||||
| French Republic Government Bond OAT |
15,799,770 | 20,240,321 | ||||||
| 0.250%, 07/25/24 (EUR) (d) |
4,237,389 | 5,316,197 | ||||||
| Italy Buoni Poliennali Del Tesoro |
37,368,554 | 47,913,120 | ||||||
| 1.400%, 05/26/25 (144A) (EUR) (d) |
57,319,720 | 72,749,621 | ||||||
| Japanese Government CPI Linked Bonds |
1,078,517,200 | 9,897,027 | ||||||
| 0.100%, 03/10/28 (JPY) (d) |
1,637,351,280 | 15,107,561 | ||||||
| 0.100%, 03/10/29 (JPY) (d) |
2,212,943,940 | 20,468,166 | ||||||
BHFTI-285
Brighthouse Funds Trust I
PIMCO Inflation Protected Bond Portfolio
Schedule of Investments as of September 30, 2021 (Unaudited)
Foreign Government—(Continued)
| Security Description | Principal Amount* |
Value | ||||||
| Sovereign—(Continued) | ||||||||
| Mexican Bonos |
97,900,000 | $ | 4,862,535 | |||||
| New Zealand Government Inflation Linked Bonds |
1,687,350 | 1,639,403 | ||||||
| 3.000%, 09/20/30 (NZD) (d) |
11,600,000 | 11,300,410 | ||||||
| Peruvian Government International Bond |
6,800,000 | 1,652,324 | ||||||
| Qatar Government International Bond |
2,500,000 | 2,629,780 | ||||||
| United Kingdom Gilt Inflation Linked Bonds |
11,340,090 | 16,850,692 | ||||||
| 1.250%, 11/22/27 (GBP) (d) |
6,516,112 | 11,436,210 | ||||||
| 1.875%, 11/22/22 (GBP) (d) |
6,386,489 | 9,342,567 | ||||||
|
|
|
|||||||
| Total Foreign Government |
278,715,818 | |||||||
|
|
|
|||||||
| Asset-Backed Securities—6.5% | ||||||||
| Asset-Backed - Home Equity—1.1% | ||||||||
| ACE Securities Corp. Home Equity Loan Trust |
514,299 | 313,329 | ||||||
| 1.136%, 1M LIBOR + 1.050%, 12/25/33 (a) |
1,356,560 | 1,355,355 | ||||||
| Asset Backed Securities Corp. Home Equity Loan Trust |
1,518,283 | 1,500,612 | ||||||
| Citigroup Mortgage Loan Trust, Inc. |
1,024,892 | 944,171 | ||||||
| 0.376%, 1M LIBOR + 0.290%, 09/25/36 (144A) (a) |
1,378,904 | 1,338,874 | ||||||
| 0.776%, 1M LIBOR + 0.690%, 10/25/35 (a) |
3,700,000 | 3,629,561 | ||||||
| First NLC Trust |
910,250 | 590,251 | ||||||
| GSAA Home Equity Trust |
365,351 | 267,972 | ||||||
| Home Equity Asset Trust |
2,400,000 | 2,391,142 | ||||||
| 0.881%, 1M LIBOR + 0.795%, 07/25/34 (a) |
158,420 | 157,717 | ||||||
| 0.941%, 1M LIBOR + 0.855%, 08/25/34 (a) |
343,476 | 341,857 | ||||||
| HSI Asset Securitization Corp. Trust |
4,517 | 2,301 | ||||||
| MASTR Asset-Backed Securities Trust |
114,725 | 115,881 | ||||||
| Morgan Stanley ABS Capital, Inc. Trust |
736,006 | 734,677 | ||||||
| 0.761%, 1M LIBOR + 0.675%, 09/25/35 (a) |
1,300,000 | 1,282,009 | ||||||
| New Century Home Equity Loan Trust |
405,045 | 402,255 | ||||||
| Nomura Home Equity Loan, Inc |
2,671,246 | 2,657,658 | ||||||
| NovaStar Mortgage Funding Trust |
1,400,030 | 1,398,630 | ||||||
| RASC Trust |
4,785,312 | 4,710,289 | ||||||
| Soundview Home Loan Trust |
43,841 | 17,648 | ||||||
| 0.266%, 1M LIBOR + 0.180%, 07/25/37 (a) |
391,437 | 375,822 | ||||||
| 0.286%, 1M LIBOR + 0.200%, 06/25/37 (a) |
2,276,242 | 1,961,883 | ||||||
|
|
|
|||||||
| 26,489,894 | ||||||||
|
|
|
|||||||
| Asset-Backed - Other—5.1% | ||||||||
| AMMC CLO, Ltd. |
1,000,000 | 1,000,345 | ||||||
| 1.113%, 3M LIBOR + 0.980%, 04/14/29 (144A) (a) |
5,271,380 | 5,271,432 | ||||||
| Anchorage Capital CLO, Ltd. |
1,300,000 | 1,300,074 | ||||||
| 1.278%, 3M LIBOR + 1.140%, 07/22/32 (144A) (a) |
1,600,000 | 1,600,778 | ||||||
| Apidos CLO XXVI |
1,600,000 | 1,600,512 | ||||||
| Apidos CLO XXVII |
1,700,000 | 1,700,954 | ||||||
| ARES L CLO, Ltd. |
700,000 | 700,277 | ||||||
| ARES LII CLO, Ltd. |
400,000 | 400,655 | ||||||
| Argent Securities Trust |
242,662 | 85,901 | ||||||
| Assurant CLO, Ltd. |
1,100,000 | 1,100,354 | ||||||
| Atlas Senior Loan Fund, Ltd. |
2,300,000 | 2,295,895 | ||||||
| Atrium XII |
2,251,340 | 2,251,804 | ||||||
| Barings Euro CLO B.V. |
194,523 | 225,176 | ||||||
| Birch Grove CLO, Ltd. |
1,000,000 | 1,000,384 | ||||||
| Black Diamond CLO, Ltd. |
880,402 | 1,020,404 | ||||||
| 1.195%, 3M LIBOR + 1.050%, 10/03/29 (144A) (a) |
570,185 | 569,593 | ||||||
| Carlyle Global Market Strategies CLO, Ltd. |
2,300,000 | 2,300,343 | ||||||
| 1.218%, 3M LIBOR + 1.080%, 04/22/32 (144A) (a) |
400,000 | 400,042 | ||||||
| Carlyle Global Market Strategies Euro CLO, Ltd. |
136,521 | 158,185 | ||||||
| Carlyle U.S. CLO, Ltd. |
1,200,000 | 1,200,386 | ||||||
| Catamaran CLO, Ltd. |
1,416,223 | 1,416,284 | ||||||
| 1.482%, 3M LIBOR + 1.100%, 04/22/30 (144A) (a) |
1,989,793 | 1,990,340 | ||||||
| Cathedral Lake, Ltd. |
752,566 | 752,584 | ||||||
| CIFC Funding, Ltd. |
2,500,000 | 2,500,718 | ||||||
| CIT Mortgage Loan Trust |
1,945,813 | 1,962,221 | ||||||
| 1.586%, 1M LIBOR + 1.500%, 10/25/37 (144A) (a) |
4,400,000 | 4,486,957 | ||||||
| Countrywide Asset-Backed Certificates |
6,437,717 | 6,225,873 | ||||||
| Credit-Based Asset Servicing and Securitization LLC |
77,905 | 62,259 | ||||||
| 0.312%, 1M LIBOR + 0.220%, 07/25/37 (144A) (a) |
1,552,632 | 1,257,922 | ||||||
| Crestline Denali CLO XV, Ltd. |
1,200,000 | 1,200,265 | ||||||
BHFTI-286
Brighthouse Funds Trust I
PIMCO Inflation Protected Bond Portfolio
Schedule of Investments as of September 30, 2021 (Unaudited)
Asset-Backed Securities—(Continued)
| Security Description | Principal Amount* |
Value | ||||||
| Asset-Backed - Other —(Continued) | ||||||||
| Crestline Denali CLO, Ltd. |
800,000 | $ | 799,999 | |||||
| CSAB Mortgage-Backed Trust |
441,659 | 205,767 | ||||||
| CWABS Asset-Backed Certificates Trust |
31,310 | 30,949 | ||||||
| 0.881%, 1M LIBOR + 0.795%, 02/25/36 (a) |
2,191,086 | 2,190,914 | ||||||
| Dryden 44 Euro CLO B.V. |
1,000,000 | 1,153,531 | ||||||
| Ellington Loan Acquisition Trust |
1,421,327 | 1,424,590 | ||||||
| First Franklin Mortgage Loan Trust |
10,903,076 | 9,863,132 | ||||||
| 0.396%, 1M LIBOR + 0.310%, 07/25/36 (a) |
2,358,831 | 2,321,056 | ||||||
| GSAMP Trust |
137,460 | 137,811 | ||||||
| Halcyon Loan Advisors Funding, Ltd. |
75,931 | 75,912 | ||||||
| HSI Asset Securitization Corp. Trust |
218,779 | 217,981 | ||||||
| ICG U.S. CLO, Ltd. |
200,000 | 200,031 | ||||||
| Jamestown CLO, Ltd. |
78,675 | 78,663 | ||||||
| JPMorgan Mortgage Acquisition Trust |
100,489 | 99,894 | ||||||
| Jubilee CLO B.V. |
673,753 | 779,676 | ||||||
| KVK CLO, Ltd. |
646,400 | 646,387 | ||||||
| Laurelin B.V. |
700,000 | 808,378 | ||||||
| Legacy Mortgage Asset Trust |
425,863 | 428,735 | ||||||
| LoanCore Issuer, Ltd. |
1,320,360 | 1,320,360 | ||||||
| Long Beach Mortgage Loan Trust |
955,608 | 506,545 | ||||||
| 0.821%, 1M LIBOR + 0.735%, 08/25/35 (a) |
120,682 | 121,136 | ||||||
| Mackay Shields Euro CLO-2 DAC |
950,000 | 1,101,563 | ||||||
| Man GLG Euro CLO II DAC 0.870%, 3M EURIBOR + 0.870%, 01/15/30 (144A) (EUR) (a) |
925,065 | 1,071,674 | ||||||
| Marlette Funding Trust |
10,589 | 10,597 | ||||||
| Morgan Stanley ABS Capital, Inc. Trust |
53,828 | 53,569 | ||||||
| Morgan Stanley IXIS Real Estate Capital Trust |
567 | 251 | ||||||
| Mountain View CLO LLC |
2,000,000 | 2,000,562 | ||||||
| MP CLO VII, Ltd. |
1,787,067 | 1,787,327 | ||||||
| Asset-Backed - Other —(Continued) | ||||||||
| OAK Hill European Credit Partners VII DAC |
2,100,000 | 2,433,131 | ||||||
| Oaktree CLO, Ltd. |
600,000 | 601,958 | ||||||
| OCP CLO, Ltd. |
281,500 | 281,533 | ||||||
| 0.945%, 3M LIBOR + 0.820%, 10/26/27 (144A) (a) |
64,165 | 64,106 | ||||||
| OZLM, Ltd. |
500,000 | 500,000 | ||||||
| Zero Coupon, 3M LIBOR + 1.160%, 07/20/32 (144A) (a) |
300,000 | 300,024 | ||||||
| Palmer Square European Loan Funding DAC |
3,436,273 | 4,011,187 | ||||||
| Palmer Square Loan Funding, Ltd. |
3,200,000 | 3,200,000 | ||||||
| 0.971%, 3M LIBOR + 0.800%, 07/20/29 (144A) (a) |
3,600,000 | 3,601,292 | ||||||
| 1.025%, 3M LIBOR + 0.900%, 10/24/27 (144A) (a) |
243,093 | 243,111 | ||||||
| Park Place Securities, Inc. Asset-Backed Pass-Through Certificates |
42,045 | 42,070 | ||||||
| 0.821%, 1M LIBOR + 0.735%, 09/25/35 (a) |
195,642 | 195,617 | ||||||
| 1.136%, 1M LIBOR + 1.050%, 10/25/34 (a) |
4,000,000 | 4,000,924 | ||||||
| Penta CLO B.V. |
574,459 | 665,493 | ||||||
| RAAC Trust |
139,031 | $ | 140,122 | |||||
| Romark CLO, Ltd. |
1,300,000 | 1,300,220 | ||||||
| Saranac CLO, Ltd. |
1,800,000 | 1,799,996 | ||||||
| Saxon Asset Securities Trust |
769,403 | 759,540 | ||||||
| Securitized Asset-Backed Receivables LLC Trust |
312,715 | 177,491 | ||||||
| 0.406%, 1M LIBOR + 0.320%, 07/25/36 (a) |
3,398,900 | 1,613,218 | ||||||
| Segovia European CLO |
300,000 | 346,482 | ||||||
| Small Business Administration Participation Certificates |
558,575 | 610,542 | ||||||
| Sound Point CLO, Ltd. |
2,000,000 | 2,000,122 | ||||||
| 1.295%, 3M LIBOR + 1.210%, 07/20/32 (144A) (a) |
1,400,000 | 1,399,595 | ||||||
| SP-STATIC CLO 1, Ltd. |
1,864,949 | 1,865,057 | ||||||
| Stanwich Mortgage Loan Co. LLC |
27,656 | 27,724 | ||||||
| Steele Creek CLO, Ltd. |
2,323,690 | 2,322,226 | ||||||
| Structured Asset Securities Corp. Mortgage Loan Trust |
95,620 | 96,561 | ||||||
| Symphony CLO, Ltd. |
743,719 | 743,749 | ||||||
| THL Credit Wind River CLO, Ltd. |
46,547 | 46,533 | ||||||
| 1.164%, 3M LIBOR + 1.080%, 04/15/31 (144A) (a) |
1,400,000 | 1,400,126 | ||||||
| Towd Point Mortgage Trust |
1,422,514 | 1,433,762 | ||||||
| Venture CLO, Ltd. |
1,507,194 | 1,505,856 | ||||||
BHFTI-287
Brighthouse Funds Trust I
PIMCO Inflation Protected Bond Portfolio
Schedule of Investments as of September 30, 2021 (Unaudited)
Asset-Backed Securities—(Continued)
| Security Description | Principal Amount* |
Value | ||||||
| Asset-Backed - Other —(Continued) | ||||||||
| Venture CLO, Ltd. |
||||||||
| 1.006%, 3M LIBOR + 0.880%, 07/15/27 (144A) (a) |
978,265 | $ | 978,317 | |||||
| 1.034%, 3M LIBOR + 0.900%, 10/20/28 (144A) (a) |
1,151,898 | 1,151,895 | ||||||
| 1.154%, 3M LIBOR + 1.020%, 04/20/29 (144A) (a) |
418,725 | 418,910 | ||||||
| Vibrant CLO, Ltd. |
900,000 | 900,095 | ||||||
| Voya CLO, Ltd. |
769,279 | 769,482 | ||||||
| Z Capital Credit Partners CLO, Ltd. |
892,615 | 892,008 | ||||||
|
|
|
|||||||
| 122,315,982 | ||||||||
|
|
|
|||||||
| Asset-Backed - Student Loan—0.3% | ||||||||
| College Loan Corp. Trust |
900,000 | 890,282 | ||||||
| SLM Student Loan Trust |
3,085,916 | 3,104,681 | ||||||
| 1.625%, 3M LIBOR + 1.500%, 04/25/23 (a) |
2,647,867 | 2,668,062 | ||||||
|
|
|
|||||||
| 6,663,025 | ||||||||
|
|
|
|||||||
| Total Asset-Backed Securities |
155,468,901 | |||||||
|
|
|
|||||||
| Corporate Bonds & Notes—5.6% | ||||||||
| Auto Manufacturers—0.1% | ||||||||
| Ford Motor Credit Co. LLC |
2,100,000 | $ | 2,139,375 | |||||
| Nissan Motor Acceptance Corp. |
100,000 | 101,519 | ||||||
|
|
|
|||||||
| 2,240,894 | ||||||||
|
|
|
|||||||
| Banks—3.1% | ||||||||
| Banco Bilbao Vizcaya Argentaria S.A. |
200,000 | 248,026 | ||||||
| Bank of America Corp. |
1,570,000 | 1,791,920 | ||||||
| Credit Suisse Group Funding Guernsey, Ltd. |
6,600,000 | 6,815,873 | ||||||
| Deutsche Bank AG |
11,700,000 | 11,712,606 | ||||||
| ING Bank NV |
3,300,000 | 3,389,925 | ||||||
| JPMorgan Chase & Co. |
440,000 | 442,408 | ||||||
| Lloyds Banking Group plc |
900,000 | 1,140,980 | ||||||
| Natwest Group plc |
2,600,000 | 2,653,623 | ||||||
| 4.519%, 3M LIBOR + 1.550%, 06/25/24 (a) |
1,700,000 | 1,809,436 | ||||||
| Nykredit Realkredit A/S |
21,627,433 | 3,119,471 | ||||||
| 1.000%, 10/01/50 (DKK) |
186,899,121 | 27,317,184 | ||||||
| 1.500%, 10/01/53 (DKK) |
6,189,549 | 922,407 | ||||||
| 2.500%, 10/01/47 (DKK) |
6,728 | 1,120 | ||||||
| Banks—(Continued) | ||||||||
| UniCredit S.p.A. |
10,700,000 | 12,184,751 | ||||||
|
|
|
|||||||
| 73,549,730 | ||||||||
|
|
|
|||||||
| Chemicals—0.0% | ||||||||
| Syngenta Finance NV |
400,000 | 418,136 | ||||||
|
|
|
|||||||
| Commercial Services—0.0% | ||||||||
| RELX Capital, Inc. |
300,000 | 312,587 | ||||||
|
|
|
|||||||
| Distribution/Wholesale—0.0% | ||||||||
| Toyota Tsusho Corp. |
200,000 | 211,059 | ||||||
|
|
|
|||||||
| Diversified Financial Services—1.7% | ||||||||
| Avolon Holdings Funding, Ltd. |
114,000 | 112,119 | ||||||
| Jyske Realkredit A/S |
7,156,731 | 1,034,455 | ||||||
| 1.000%, 10/01/50 (DKK) |
97,715,819 | 14,322,077 | ||||||
| 1.000%, 10/01/53 (DKK) |
22,418,156 | 3,185,155 | ||||||
| 2.500%, 10/01/47 (DKK) |
4,531 | 754 | ||||||
| Mitsubishi HC Capital, Inc. |
400,000 | 423,628 | ||||||
| Nordea Kredit Realkreditaktieselskab |
2,936,961 | 424,535 | ||||||
| 1.000%, 10/01/50 (DKK) |
63,886,083 | 9,371,451 | ||||||
| 1.500%, 10/01/53 (DKK) |
9,100,000 | 1,355,969 | ||||||
| 2.500%, 10/01/47 (DKK) |
1,134 | 189 | ||||||
| Realkredit Danmark A/S |
78,271,736 | 11,147,775 | ||||||
| 2.500%, 04/01/47 (DKK) |
10,622 | 1,763 | ||||||
|
|
|
|||||||
| 41,379,870 | ||||||||
|
|
|
|||||||
| Electric—0.1% | ||||||||
| Eversource Energy |
100,000 | 105,670 | ||||||
| Sempra Energy |
500,000 | 514,745 | ||||||
| 4.050%, 12/01/23 |
400,000 | 426,026 | ||||||
|
|
|
|||||||
| 1,046,441 | ||||||||
|
|
|
|||||||
| Gas—0.0% | ||||||||
| Southern Co. Gas Capital Corp. |
200,000 | 207,121 | ||||||
|
|
|
|||||||
| Home Builders—0.1% | ||||||||
| DR Horton, Inc. |
900,000 | 975,914 | ||||||
|
|
|
|||||||
| Insurance—0.0% | ||||||||
| Jackson National Life Global Funding |
300,000 | 306,195 | ||||||
| Reliance Standard Life Global Funding II |
100,000 | 106,203 | ||||||
|
|
|
|||||||
| 412,398 | ||||||||
|
|
|
|||||||
BHFTI-288
Brighthouse Funds Trust I
PIMCO Inflation Protected Bond Portfolio
Schedule of Investments as of September 30, 2021 (Unaudited)
Corporate Bonds & Notes—(Continued)
| Security Description | Principal Amount* |
Value | ||||||
| Machinery-Construction & Mining—0.0% | ||||||||
| Komatsu Finance America, Inc. |
200,000 | $ | 203,687 | |||||
|
|
|
|||||||
| Media—0.0% | ||||||||
| Charter Communications Operating LLC / Charter Communications Operating Capital Corp. |
200,000 | 205,082 | ||||||
|
|
|
|||||||
| Oil & Gas—0.2% | ||||||||
| Petrobras Global Finance B.V. |
3,897,000 | 4,120,220 | ||||||
| 6.250%, 12/14/26 (GBP) |
400,000 | 610,105 | ||||||
|
|
|
|||||||
| 4,730,325 | ||||||||
|
|
|
|||||||
| Pharmaceuticals—0.0% | ||||||||
| Shire Acquisitions Investments Ireland DAC |
100,000 | 104,250 | ||||||
|
|
|
|||||||
| Retail—0.3% | ||||||||
| McDonald’s Corp. |
6,900,000 | 6,901,851 | ||||||
|
|
|
|||||||
| Semiconductors—0.0% | ||||||||
| NXP B.V. / NXP Funding LLC |
200,000 | 205,953 | ||||||
| 4.625%, 06/01/23 (144A) |
200,000 | 212,672 | ||||||
|
|
|
|||||||
| 418,625 | ||||||||
|
|
|
|||||||
| Software—0.0% | ||||||||
| VMware, Inc. |
300,000 | 334,308 | ||||||
|
|
|
|||||||
| Trucking & Leasing—0.0% | ||||||||
| SMBC Aviation Capital Finance DAC |
200,000 | 203,544 | ||||||
|
|
|
|||||||
| Total Corporate Bonds & Notes |
133,855,822 | |||||||
|
|
|
|||||||
| Mortgage-Backed Securities—2.9% | ||||||||
| Collateralized Mortgage Obligations—2.7% | ||||||||
| Alternative Loan Trust |
154,129 | 147,933 | ||||||
| 0.267%, 1M LIBOR + 0.180%, 02/20/47 (a) |
520,339 | 406,420 | ||||||
| 0.326%, 1M LIBOR + 0.240%, 06/25/36 (a) |
1,510,162 | 1,497,872 | ||||||
| 0.646%, 1M LIBOR + 0.560%, 12/25/35 (a) |
19,448 | 19,523 | ||||||
| 5.000%, 07/25/35 |
157,140 | 119,726 | ||||||
| 5.500%, 06/25/25 |
492,810 | 471,059 | ||||||
| 6.000%, 03/25/37 |
3,356,280 | 1,891,134 | ||||||
| 6.000%, 04/25/37 |
698,190 | 700,790 | ||||||
| Banc of America Funding Trust |
2,286 | 2,286 | ||||||
| 2.606%, 02/20/36 (a) |
209,989 | 212,284 | ||||||
| Collateralized Mortgage Obligations—(Continued) | ||||||||
| Banc of America Mortgage Trust |
38,378 | 36,345 | ||||||
| 2.970%, 09/25/35 (a) |
37,254 | 37,004 | ||||||
| Bear Stearns Adjustable Rate Mortgage Trust |
161,188 | 162,224 | ||||||
| Bear Stearns ALT-A Trust |
82,702 | 80,809 | ||||||
| 2.910%, 09/25/35 (a) |
523,660 | 404,000 | ||||||
| Chase Mortgage Finance Trust |
21,162 | 21,519 | ||||||
| CHL Mortgage Pass-Through Trust |
340,328 | 322,566 | ||||||
| 2.713%, 11/20/34 (a) |
1,935 | 1,959 | ||||||
| 2.887%, 08/25/34 (a) |
14,014 | 14,308 | ||||||
| 6.000%, 03/25/37 |
930,618 | 672,932 | ||||||
| Citigroup Mortgage Loan Trust |
9,063 | 9,209 | ||||||
| 2.470%, 1Y H15 + 2.400%, 05/25/35 (a) |
4,357 | 4,420 | ||||||
| 3.156%, 03/25/37 (a) |
1,787,192 | 1,798,009 | ||||||
| 3.258%, 04/25/66 (144A) (a) |
459,590 | 463,028 | ||||||
| Countrywide Home Reperforming Loan REMIC Trust |
43,540 | 42,181 | ||||||
| Credit Suisse Mortgage Capital Certificates |
1,392,257 | 1,365,926 | ||||||
| 0.584%, 11/30/37 (144A) (a) |
2,600,000 | 2,478,076 | ||||||
| 2.961%, 10/27/59 (144A) (a) |
2,752,140 | 2,771,115 | ||||||
| 6.113%, 10/26/36 (144A) (a) |
50,857 | 50,019 | ||||||
| Deutsche ALT-B Securities Mortgage Loan Trust |
12,090 | 9,879 | ||||||
| 6.369%, 10/25/36 (j) |
212,334 | 213,969 | ||||||
| 6.386%, 10/25/36 (j) |
212,334 | 213,966 | ||||||
| Eurosail-UK plc |
1,338,752 | 1,802,449 | ||||||
| First Horizon Alternative Mortgage Securities Trust |
85,699 | 88,105 | ||||||
| Great Hall Mortgages No. 1 plc |
102,313 | 136,516 | ||||||
| 0.222%, 3M GBP LIBOR + 0.150%, 06/18/38 (GBP)(a) |
58,854 | 78,551 | ||||||
| GreenPoint Mortgage Funding Trust |
369,028 | 363,675 | ||||||
| 0.526%, 1M LIBOR + 0.440%, 06/25/45 (a) |
151,479 | 143,595 | ||||||
| 0.626%, 1M LIBOR + 0.540%, 11/25/45 (a) |
97,210 | 88,948 | ||||||
| GSR Mortgage Loan Trust |
245,940 | 250,227 | ||||||
| 2.654%, 01/25/35 (a) |
37,928 | 37,955 | ||||||
| 2.859%, 09/25/35 (a) |
72,013 | 74,092 | ||||||
| 2.903%, 05/25/35 (a) |
171,942 | 169,580 | ||||||
| 3.133%, 11/25/35 (a) |
223,091 | 213,486 | ||||||
| HarborView Mortgage Loan Trust |
21,861 | 21,531 | ||||||
| 0.527%, 1M LIBOR + 0.440%, 05/19/35 (a) |
35,212 | 33,998 | ||||||
| 0.647%, 1M LIBOR + 0.560%, 02/19/36 (a) |
88,859 | 58,846 | ||||||
| 0.987%, 1M LIBOR + 0.900%, 06/20/35 (a) |
211,369 | 210,059 | ||||||
| Hawksmoor Mortgages plc |
7,302,840 | 9,879,246 | ||||||
| IndyMac INDA Mortgage Loan Trust |
37,457 | 36,681 | ||||||
| JPMorgan Mortgage Trust |
62,953 | 64,176 | ||||||
BHFTI-289
Brighthouse Funds Trust I
PIMCO Inflation Protected Bond Portfolio
Schedule of Investments as of September 30, 2021 (Unaudited)
Corporate Bonds & Notes—(Continued)
| Security Description | Principal Amount* |
Value | ||||||
| Collateralized Mortgage Obligations—(Continued) | ||||||||
| JPMorgan Mortgage Trust |
||||||||
| 2.377%, 09/25/35 (a) |
13,292 | $ | 12,705 | |||||
| 2.566%, 08/25/35 (a) |
80,029 | 81,289 | ||||||
| 2.665%, 06/25/35 (a) |
130,581 | 135,487 | ||||||
| 2.694%, 07/25/35 (a) |
54,189 | 55,271 | ||||||
| 2.765%, 07/25/35 (a) |
51,712 | 53,315 | ||||||
| 2.886%, 07/27/37 (144A) (a) |
354,723 | 346,766 | ||||||
| 2.945%, 08/25/35 (a) |
110,195 | 103,954 | ||||||
| Lehman XS Trust |
82,362 | 81,717 | ||||||
| 1.236%, 1M LIBOR + 1.150%, 12/25/37 (a) |
3,040,746 | 3,208,158 | ||||||
| MASTR Adjustable Rate Mortgages Trust |
19,382 | 19,341 | ||||||
| 2.731%, 11/21/34 (a) |
52,386 | 53,247 | ||||||
| Mellon Residential Funding Corp. Mortgage Pass-Through Trust |
11,643 | 11,465 | ||||||
| 0.784%, 1M LIBOR + 0.700%, 11/15/31 (a) |
71,420 | 73,100 | ||||||
| Merrill Lynch Mortgage Investors Trust |
49,357 | 42,271 | ||||||
| Mill City Mortgage Loan Trust |
810,514 | 833,475 | ||||||
| New Residential Mortgage Loan Trust |
6,469,950 | 6,683,522 | ||||||
| Opteum Mortgage Acceptance Corp. |
2,000,000 | 2,031,902 | ||||||
| Residential Accredit Loans, Inc. |
57,808 | 49,485 | ||||||
| 1.014%, 10/25/37 (a) |
812,994 | 796,832 | ||||||
| 1.452%, 12M MTA + 1.360%, 09/25/45 (a) |
68,135 | 67,175 | ||||||
| Residential Asset Securitization Trust |
275,980 | 148,255 | ||||||
| Residential Mortgage Securities 32 plc |
2,777,909 | 3,780,808 | ||||||
| Sequoia Mortgage Trust |
328,305 | 320,630 | ||||||
| 0.787%, 1M LIBOR + 0.700%, 10/19/26 (a) |
23,044 | 22,923 | ||||||
| Structured Adjustable Rate Mortgage Loan Trust |
54,519 | 51,277 | ||||||
| 2.440%, 02/25/34 (a) |
39,766 | 40,380 | ||||||
| Structured Asset Mortgage Investments II Trust |
25,627 | 25,468 | ||||||
| 0.506%, 1M LIBOR + 0.420%, 05/25/36 (a) |
21,883 | 19,245 | ||||||
| 0.587%, 1M LIBOR + 0.500%, 07/19/35 (a) |
65,424 | 64,009 | ||||||
| 0.747%, 1M LIBOR + 0.660%, 10/19/34 (a) |
38,604 | 38,249 | ||||||
| TBW Mortgage-Backed Trust |
167,137 | 93,117 | ||||||
| Towd Point Mortgage Funding plc |
5,798,811 | 7,874,669 | ||||||
| Wachovia Mortgage Loan Trust |
1,902,525 | 1,026,189 | ||||||
| WaMu Mortgage Pass-Through Certificates Trust |
199,902 | 195,221 | ||||||
| 0.909%, 12M MTA + 0.810%, 12/25/46 (a) |
40,033 | 38,807 | ||||||
| 1.092%, 12M MTA + 1.000%, 02/25/46 (a) |
70,876 | 71,879 | ||||||
| 1.092%, 12M MTA + 1.000%, 08/25/46 (a) |
2,172,920 | 2,181,436 | ||||||
| 1.292%, 12M MTA + 1.200%, 11/25/42 (a) |
7,853 | 7,788 | ||||||
| 1.763%, COFI + 1.500%, 07/25/46 (a) |
380,695 | 375,788 | ||||||
| Collateralized Mortgage Obligations—(Continued) | ||||||||
| WaMu Mortgage Pass-Through Certificates Trust |
||||||||
| 1.763%, COFI + 1.500%, 11/25/46 (a) |
107,931 | 106,821 | ||||||
| 2.021%, 08/25/35 (a) |
10,398 | 10,321 | ||||||
| 2.605%, 11/25/36 (a) |
4,305,720 | 4,310,292 | ||||||
| 2.992%, 12/25/35 (a) |
64,799 | 66,934 | ||||||
| Wells Fargo Mortgage-Backed Securities Trust |
52,588 | 51,644 | ||||||
|
|
|
|||||||
| 66,056,833 | ||||||||
|
|
|
|||||||
| Commercial Mortgage-Backed Securities—0.2% | ||||||||
| AREIT Trust |
1,942,773 | 1,952,486 | ||||||
| Bancorp Commercial Mortgage Trust |
736,179 | 736,179 | ||||||
| GS Mortgage Securities Trust |
3,109 | 3,112 | ||||||
| JPMorgan Chase Commercial Mortgage Securities Trust |
1,419,806 | 1,410,707 | ||||||
|
|
|
|||||||
| 4,102,484 | ||||||||
|
|
|
|||||||
| Total Mortgage-Backed Securities |
70,159,317 | |||||||
|
|
|
|||||||
| Preferred Stock—0.5% | ||||||||
| Wireless Telecommunication Services—0.5% | ||||||||
| AT&T Mobility II LLC(†) (k)(l) |
444,022 | 11,662,745 | ||||||
|
|
|
|||||||
| Convertible Preferred Stock—0.1% | ||||||||
| Banks—0.1% | ||||||||
| Wells Fargo & Co., Series L |
900 | 1,333,800 | ||||||
|
|
|
|||||||
| Short-Term Investments—31.2% | ||||||||
| Repurchase Agreements—31.2% | ||||||||
| Barclays Capital, Inc. |
709,100,000 | 709,100,000 | ||||||
| Fixed Income Clearing Corp. |
37,643,908 | 37,643,908 | ||||||
|
|
|
|||||||
| Total Short-Term Investments |
746,743,908 | |||||||
|
|
|
|||||||
| Total Purchased Options—0.2% (m) |
3,683,836 | |||||||
|
|
|
|||||||
| Total Investments—168.9% |
4,043,926,042 | |||||||
| Other assets and liabilities (net)—(68.9)% |
(1,648,973,563 | ) | ||||||
|
|
|
|||||||
| Net Assets—100.0% |
$ | 2,394,952,479 | ||||||
|
|
|
|||||||
BHFTI-290
Brighthouse Funds Trust I
PIMCO Inflation Protected Bond Portfolio
Schedule of Investments as of September 30, 2021 (Unaudited)
| * | Principal and notional amounts stated in U.S. dollars unless otherwise noted. | |||
| † | Restricted securities are not registered under the Securities Act of 1933 and are subject to legal restrictions on resale. These securities generally may be resold in transactions exempt from registration or to the public if the securities are subsequently registered. Disposal of these securities may involve time-consuming negotiations and prompt sale at an acceptable price may be difficult. As of September 30, 2021, the market value of restricted securities was $11,662,745, which is 0.5% of net assets. See details shown in the Restricted Securities table that follows. | |||
| (a) | Variable or floating rate security. The stated rate represents the rate at September 30, 2021. Maturity date shown for callable securities reflects the earliest possible call date. For securities based on a published reference index and spread, the index and spread are indicated in the description above. For certain variable rate securities, the coupon rate is determined by the issuer/agent based on current market conditions. For certain asset- and mortgage-backed securities, the coupon rate may fluctuate based on changes of the underlying collateral or prepayments of principal. These securities do not indicate a reference index and spread in their description above. | |||
| (b) | TBA (To Be Announced) Securities are purchased on a forward commitment basis with an approximate principal amount and no defined maturity date. The actual principal and maturity date will be determined upon settlement date. | |||
| (c) | All or a portion of this security has been transferred in a secured-borrowing transaction. | |||
| (d) | Principal amount of security is adjusted for inflation. | |||
| (e) | All or a portion of the security was pledged as collateral against TBA securities. As of September 30, 2021, the value of securities pledged amounted to $452,786. | |||
| (f) | All or a portion of the security was pledged as collateral against open secured borrowing transactions. As of September 30, 2021, the value of securities pledged amounted to $5,196,374. | |||
| (g) | All or a portion of the security was pledged as collateral against open futures contracts. As of September 30, 2021, the market value of securities pledged was $6,363,001. | |||
| (h) | All or a portion of the security was pledged as collateral against open centrally cleared swap contracts. As of September 30, 2021, the market value of securities pledged was $7,771,643. | |||
| (i) | All or a portion of the security was pledged as collateral against open OTC option contracts. As of September 30, 2021, the market value of securities pledged was $44,962. | |||
| (j) | Security is a “step-up” bond where coupon increases or steps up at a predetermined date. Rate shown is current coupon rate. | |||
| (k) | Significant unobservable inputs were used in the valuation of this portfolio security; i.e. Level 3. | |||
| (l) | Security was valued in good faith under procedures approved by the Board of Trustees. As of September 30, 2021, these securities represent 0.5% of net assets. | |||
| (m) | For a breakout of open positions, see details shown in the Purchased Options table that follows. | |||
| (144A)— | Securities exempt from registration under Rule 144A of the Securities Act of 1933. These securities may be resold in transactions exempt from registration, normally to qualified institutional buyers. As of September 30, 2021, the market value of 144A securities was $298,561,918, which is 12.5% of net assets. | |||
| Restricted Securities |
Acquisition Date |
Shares | Cost | Value | ||||||||||||
| AT&T Mobility II LLC , 7.000%, |
09/24/20 | 444,022 | $ | 12,009,870 | $ | 11,662,745 | ||||||||||
|
|
|
|||||||||||||||
Forward Foreign Currency Exchange Contracts
| Contracts to Buy |
Counterparty |
Settlement Date |
In Exchange for |
Unrealized Appreciation/ (Depreciation) |
||||||||||||||||||
| AUD | 20,107,671 | UBSA |
10/05/21 | USD | 14,558,296 | $ | (21,460 | ) | ||||||||||||||
| BRL | 17,928,445 | BNP |
10/04/21 | USD | 3,392,968 | (100,778 | ) | |||||||||||||||
| BRL | 17,928,445 | GSBU |
10/04/21 | USD | 3,296,034 | (3,843 | ) | |||||||||||||||
| CNH | 4,545,009 | BNP |
10/22/21 | USD | 700,691 | 3,354 | ||||||||||||||||
| CNH | 6,010,867 | BNP |
10/22/21 | USD | 927,775 | 3,339 | ||||||||||||||||
| CNH | 4,578,019 | GSBU |
10/22/21 | USD | 706,104 | 3,055 | ||||||||||||||||
| CNH | 13,593,000 | JPMC |
10/22/21 | USD | 2,103,556 | 2,069 | ||||||||||||||||
| CNH | 3,776,762 | CBNA |
12/15/21 | USD | 581,421 | 1,111 | ||||||||||||||||
| CNH | 5,064,365 | GSBU |
12/15/21 | USD | 778,867 | 2,266 | ||||||||||||||||
| DKK | 9,490,000 | CBNA |
10/01/21 | USD | 1,510,599 | (32,406 | ) | |||||||||||||||
| DKK | 50,328,537 | CBNA |
10/01/21 | USD | 7,919,518 | (80,182 | ) | |||||||||||||||
| EUR | 1,919,000 | JPMC |
10/04/21 | USD | 2,277,703 | (54,830 | ) | |||||||||||||||
| GBP | 752,000 | BNP |
10/04/21 | USD | 1,028,870 | (15,625 | ) | |||||||||||||||
| GBP | 890,000 | BNP |
10/04/21 | USD | 1,224,914 | (25,728 | ) | |||||||||||||||
| GBP | 48,467,000 | BBP |
10/04/21 | USD | 65,264,354 | 40,091 | ||||||||||||||||
| GBP | 1,307,000 | CBNA |
11/02/21 | USD | 1,757,543 | 3,575 | ||||||||||||||||
| IDR | 11,648,049,518 | JPMC |
11/15/21 | USD | 811,202 | (724 | ) | |||||||||||||||
| IDR | 23,301,202,684 | JPMC |
11/15/21 | USD | 1,621,066 | 246 | ||||||||||||||||
| IDR | 51,533,859,696 | GSBU |
12/15/21 | USD | 3,580,232 | (5,002 | ) | |||||||||||||||
| MXN | 18,760,000 | BNP |
10/05/21 | USD | 928,929 | (20,234 | ) | |||||||||||||||
| MYR | 506,797 | BBP |
10/20/21 | USD | 119,943 | 1,026 | ||||||||||||||||
| MYR | 506,797 | BBP |
12/15/21 | USD | 120,709 | (37 | ) | |||||||||||||||
| NOK | 49,715,000 | JPMC |
11/17/21 | USD | 5,625,669 | 59,473 | ||||||||||||||||
| RUB | 3,019,156 | BBP |
10/22/21 | USD | 40,525 | 825 | ||||||||||||||||
| RUB | 1,400,844 | JPMC |
10/22/21 | USD | 19,122 | 64 | ||||||||||||||||
| RUB | 1,251,772 | BBP |
11/22/21 | USD | 16,767 | 283 | ||||||||||||||||
| RUB | 2,057,768 | CBNA |
11/22/21 | USD | 27,540 | 488 | ||||||||||||||||
| RUB | 231,289 | CSI |
11/22/21 | USD | 3,096 | 54 | ||||||||||||||||
BHFTI-291
Brighthouse Funds Trust I
PIMCO Inflation Protected Bond Portfolio
Schedule of Investments as of September 30, 2021 (Unaudited)
Forward Foreign Currency Exchange Contracts—(Continued)
| Contracts to Buy |
Counterparty |
Settlement Date |
In Exchange for |
Unrealized Appreciation/ (Depreciation) |
||||||||||||||||||
| RUB | 1,315,690 | GSBU |
11/22/21 | USD | 17,643 | $ | 278 | |||||||||||||||
| RUB | 963,807 | UBSA |
11/22/21 | USD | 12,873 | 255 | ||||||||||||||||
| RUB | 3,019,156 | GSBU |
12/20/21 | USD | 40,658 | 241 | ||||||||||||||||
| SEK | 48,720,000 | UBSA |
11/17/21 | USD | 5,616,524 | (49,628 | ) | |||||||||||||||
| Contracts to Deliver |
||||||||||||||||||||||
| AUD | 7,023,505 | BNP |
10/05/21 | USD | 5,093,296 | 15,654 | ||||||||||||||||
| AUD | 13,084,166 | CBNA |
10/05/21 | USD | 9,500,626 | 41,432 | ||||||||||||||||
| AUD | 20,107,671 | UBSA |
11/02/21 | USD | 14,560,065 | 21,488 | ||||||||||||||||
| BRL | 17,928,445 | BNP |
10/04/21 | USD | 3,296,034 | 3,843 | ||||||||||||||||
| BRL | 17,928,445 | GSBU |
10/04/21 | USD | 3,388,159 | 95,969 | ||||||||||||||||
| BRL | 17,928,445 | BNP |
11/03/21 | USD | 3,377,118 | 99,953 | ||||||||||||||||
| CAD | 7,524,147 | BNP |
10/04/21 | USD | 5,926,000 | (14,389 | ) | |||||||||||||||
| CAD | 2,441,000 | BNP |
10/04/21 | USD | 1,937,468 | 10,275 | ||||||||||||||||
| DKK | 12,620,000 | BNP |
10/01/21 | USD | 2,018,905 | 53,173 | ||||||||||||||||
| DKK | 196,683,393 | JPMC |
10/01/21 | USD | 31,625,877 | 989,834 | ||||||||||||||||
| DKK | 277,505,626 | SG |
10/01/21 | USD | 44,642,477 | 1,417,301 | ||||||||||||||||
| DKK | 50,138,468 | CBNA |
04/01/22 | USD | 7,919,518 | 80,715 | ||||||||||||||||
| DKK | 422,450,000 | GSBU |
04/01/22 | USD | 65,991,073 | (56,061 | ) | |||||||||||||||
| EUR | 137,433,196 | BNP |
10/04/21 | USD | 162,335,139 | 3,139,409 | ||||||||||||||||
| EUR | 7,504,000 | GSBU |
10/04/21 | USD | 8,787,794 | 95,536 | ||||||||||||||||
| EUR | 143,018,196 | BNP |
11/02/21 | USD | 165,840,437 | 85,354 | ||||||||||||||||
| GBP | 11,363,000 | BNP |
10/04/21 | USD | 15,645,424 | 334,915 | ||||||||||||||||
| GBP | 3,231,000 | BNP |
10/04/21 | USD | 4,463,054 | 109,604 | ||||||||||||||||
| GBP | 639,000 | BNP |
10/04/21 | USD | 881,975 | 20,986 | ||||||||||||||||
| GBP | 28,334,000 | BBP |
10/04/21 | USD | 38,840,644 | 663,407 | ||||||||||||||||
| GBP | 4,607,000 | BBP |
10/04/21 | USD | 6,365,240 | 157,767 | ||||||||||||||||
| GBP | 980,000 | JPMC |
10/04/21 | USD | 1,332,263 | 11,811 | ||||||||||||||||
| GBP | 955,000 | SG |
10/04/21 | USD | 1,319,803 | 33,036 | ||||||||||||||||
| GBP | 48,467,000 | BBP |
11/02/21 | USD | 65,267,170 | (39,695 | ) | |||||||||||||||
| IDR | 61,235,328,000 | BNP |
11/15/21 | USD | 4,256,000 | (4,791 | ) | |||||||||||||||
| IDR | 24,806,636,000 | JPMC |
11/15/21 | USD | 1,724,000 | (2,061 | ) | |||||||||||||||
| JPY | 5,012,703,455 | BBP |
10/04/21 | USD | 45,640,140 | 600,350 | ||||||||||||||||
| JPY | 5,012,703,455 | BNP |
11/02/21 | USD | 44,935,032 | (113,456 | ) | |||||||||||||||
| KRW | 138,704,824 | JPMC |
12/15/21 | USD | 118,472 | 1,448 | ||||||||||||||||
| MXN | 18,760,000 | BNP |
10/05/21 | USD | 924,067 | 15,372 | ||||||||||||||||
| MXN | 93,801,550 | GSBU |
10/27/21 | USD | 4,621,449 | 92,789 | ||||||||||||||||
| MXN | 18,760,000 | BNP |
01/12/22 | USD | 916,114 | 20,086 | ||||||||||||||||
| MYR | 506,797 | BBP |
10/20/21 | USD | 120,954 | (15 | ) | |||||||||||||||
| NZD | 17,971,500 | JPMC |
10/04/21 | USD | 12,492,284 | 85,663 | ||||||||||||||||
| PEN | 7,267,017 | CBNA |
10/19/21 | USD | 1,840,963 | 83,926 | ||||||||||||||||
| TWD | 2,762,997 | GSBU |
11/15/21 | USD | 100,123 | 954 | ||||||||||||||||
| TWD | 616,770 | GSBU |
11/15/21 | USD | 22,367 | 230 | ||||||||||||||||
|
|
|
|||||||||||||||||||||
| Net Unrealized Appreciation |
|
$ | 7,863,428 | |||||||||||||||||||
|
|
|
|||||||||||||||||||||
Futures Contracts
| Futures Contracts—Long |
Expiration Date |
Number of Contracts |
Notional Value |
Value/ Unrealized Appreciation/ (Depreciation) |
||||||||||||||||
| Call Options on Euro-Bobl Futures, Strike EUR 137.75 |
11/26/21 | 391 | EUR | 1,955 | $ | (390 | ) | |||||||||||||
| Call Options on Euro-Bobl Futures, Strike EUR 138.75 |
11/26/21 | 221 | EUR | 1,105 | (220 | ) | ||||||||||||||
| Call Options on Euro-Schatz Futures, Strike EUR 113.20 |
11/26/21 | 1,442 | EUR | 7,210 | (1,437 | ) | ||||||||||||||
| Call Options on Euro-Schatz Futures, Strike EUR 113.50 |
11/26/21 | 1,009 | EUR | 5,045 | (1,005 | ) | ||||||||||||||
| Euro-Bund Futures |
12/08/21 | 403 | EUR | 68,437,460 | (1,293,907 | ) | ||||||||||||||
| U.S. Treasury Note 5 Year Futures |
12/31/21 | 2,321 | USD | 284,884,618 | (1,711,061 | ) | ||||||||||||||
| Futures Contracts—Short |
||||||||||||||||||||
| Australian 10 Year Treasury Bond Futures |
12/15/21 | (57 | ) | AUD | (8,063,936 | ) | 102,994 | |||||||||||||
| Australian 3 Year Treasury Bond Futures |
12/15/21 | (117 | ) | AUD | (13,623,254 | ) | 12,252 | |||||||||||||
BHFTI-292
Brighthouse Funds Trust I
PIMCO Inflation Protected Bond Portfolio
Schedule of Investments as of September 30, 2021 (Unaudited)
Futures Contracts—(Continued)
| Futures Contracts—Short |
Expiration Date |
Number of Contracts |
Notional Value |
Value/ Unrealized Appreciation/ (Depreciation) |
||||||||||||||||
| Euro Short-BTP Futures |
12/08/21 | (56 | ) | EUR | (6,367,760 | ) | $ | 7,386 | ||||||||||||
| Euro-BTP Futures |
12/08/21 | (236 | ) | EUR | (35,860,200 | ) | 484,385 | |||||||||||||
| Euro-Bobl Futures |
12/08/21 | (612 | ) | EUR | (82,577,160 | ) | 480,078 | |||||||||||||
| Euro-Buxl 30 Year Bond Futures |
12/08/21 | (275 | ) | EUR | (55,918,500 | ) | 1,777,182 | |||||||||||||
| Euro-OAT Futures |
12/08/21 | (3 | ) | EUR | (497,850 | ) | 10,260 | |||||||||||||
| Euro-Schatz Futures |
12/08/21 | (3,510 | ) | EUR | (393,839,550 | ) | 447,570 | |||||||||||||
| Japanese Government 10 Year Bond Futures |
12/13/21 | (30 | ) | JPY | (4,541,100,000 | ) | 122,470 | |||||||||||||
| U.S. Treasury Long Bond Futures |
12/21/21 | (825 | ) | USD | (131,355,469 | ) | 3,512,795 | |||||||||||||
| U.S. Treasury Note 10 Year Futures |
12/21/21 | (155 | ) | USD | (20,399,453 | ) | 293,409 | |||||||||||||
| U.S. Treasury Note 2 Year Futures |
12/31/21 | (509 | ) | USD | (112,007,836 | ) | 59,118 | |||||||||||||
| U.S. Treasury Note Ultra 10 Year Futures |
12/21/21 | (33 | ) | USD | (4,793,250 | ) | 94,571 | |||||||||||||
| U.S. Treasury Ultra Long Bond Futures |
12/21/21 | (218 | ) | USD | (41,651,625 | ) | 1,666,995 | |||||||||||||
| United Kingdom Long Gilt Bond Futures |
12/29/21 | (245 | ) | GBP | (30,661,750 | ) | 899,165 | |||||||||||||
|
|
|
|||||||||||||||||||
| Net Unrealized Appreciation |
|
$ | 6,962,610 | |||||||||||||||||
|
|
|
|||||||||||||||||||
Purchased Options
| Interest Rate Swaptions |
Strike Rate |
Counterparty |
Floating Rate |
Pay/ Receive Floating Rate |
Expiration Date |
Number of Contracts |
Notional Amount |
Premiums Paid |
Market Value |
Unrealized Appreciation/ (Depreciation) |
||||||||||||||||||||||||||
| Put - OTC - 30 Yr. IRS |
0.195% | BNP | 6M EURIBOR | Receive | 11/02/22 | 7,000,000 | EUR | 7,000,000 | $ | 5,267 | $ | 994,099 | $ | 988,832 | ||||||||||||||||||||||
| Put - OTC - 30 Yr. IRS |
0.190% | MSCS | 6M EURIBOR | Receive | 11/02/22 | 6,700,000 | EUR | 6,700,000 | 488,662 | 959,807 | 471,145 | |||||||||||||||||||||||||
| Put - OTC - 30 Yr. IRS |
0.197% | BNP | 6M EURIBOR | Receive | 11/04/22 | 8,040,000 | EUR | 8,040,000 | 611,704 | 1,140,052 | 528,348 | |||||||||||||||||||||||||
| Put - OTC - 30 Yr. IRS |
0.197% | BBP | 6M EURIBOR | Receive | 11/04/22 | 4,160,000 | EUR | 4,160,000 | 310,521 | 589,878 | 279,357 | |||||||||||||||||||||||||
|
|
|
|
|
|
|
|||||||||||||||||||||||||||||||
| Totals |
|
$ | 1,416,154 | $ | 3,683,836 | $ | 2,267,682 | |||||||||||||||||||||||||||||
|
|
|
|
|
|
|
|||||||||||||||||||||||||||||||
Written Options
| Inflation Capped Options |
Initial |
Counterparty |
Exercise Index |
Expiration Date |
Number of Contracts |
Notional Amount |
Premiums Received |
Market Value |
Unrealized Appreciation/ (Depreciation) |
|||||||||||||||||||||||||
| Cap - CPALEMU Index |
100.152 | GSBU | Maximum of [(Final Index/Initial Index - 1) -3.000%] or 0 | 06/22/35 | (8,700,000 | ) | |
EUR |
|
(8,700,000) | $ | (396,824 | ) | $ | (22,281 | ) | $ | 374,543 | ||||||||||||||||
| Cap - CPURNSA Index |
233.916 | JPMC | Maximum of [(Final Index/Initial Index - 1) -4.000%] or 0 | 04/22/24 | (35,000,000 | ) | |
USD |
|
(35,000,000) | (254,625 | ) | — | 254,625 | ||||||||||||||||||||
| Cap - CPURNSA Index |
234.781 | JPMC | Maximum of [(Final Index/Initial Index - 1) -4.000%] or 0 | 05/16/24 | (2,800,000 | ) | |
USD |
|
(2,800,000) | (19,460 | ) | — | 19,460 | ||||||||||||||||||||
|
|
|
|
|
|
|
|||||||||||||||||||||||||||||
| Totals |
|
$ | (670,909 | ) | $ | (22,281 | ) | $ | 648,628 | |||||||||||||||||||||||||
|
|
|
|
|
|
|
|||||||||||||||||||||||||||||
| Interest Rate Swaptions |
Strike Rate |
Counterparty | Floating Rate Index |
Pay/ Receive Floating Rate |
Expiration Date |
Number of Contracts |
Notional Amount |
Premiums Received |
Market Value |
Unrealized Appreciation/ (Depreciation) |
||||||||||||||||||||||||||
| Call - OTC - 1 Yr. IRS |
(0.526)% | GSBU | 3M EURIBOR | Receive | 11/17/22 | (143,900,000 | ) | EUR | (143,900,000 | ) | $ | (223,675 | ) | $ | (39,421 | ) | $ | 184,254 | ||||||||||||||||||
| Put - OTC - 10 Yr. IRS |
0.000% | BBP | 6M EURIBOR | Pay | 11/04/22 | (12,490,000 | ) | EUR | (12,490,000 | ) | (305,983 | ) | (570,031 | ) | (264,048 | ) | ||||||||||||||||||||
| Put - OTC - 10 Yr. IRS |
0.000% | MSCS | 6M EURIBOR | Pay | 11/02/22 | (20,200,000 | ) | EUR | (20,200,000 | ) | (490,004 | ) | (918,005 | ) | (428,001 | ) | ||||||||||||||||||||
| Put - OTC - 10 Yr. IRS |
0.000% | BNP | 6M EURIBOR | Pay | 11/02/22 | (21,000,000 | ) | EUR | (21,000,000 | ) | — | (954,361 | ) | (954,361 | ) | |||||||||||||||||||||
| Put - OTC - 10 Yr. IRS |
0.000% | BNP | 6M EURIBOR | Pay | 11/04/22 | (24,210,000 | ) | EUR | (24,210,000 | ) | (600,297 | ) | (1,104,920 | ) | (504,623 | ) | ||||||||||||||||||||
|
|
|
|
|
|
|
|||||||||||||||||||||||||||||||
| Totals |
|
$ | (1,619,959 | ) | $ | (3,586,738 | ) | $ | (1,966,779 | ) | ||||||||||||||||||||||||||
|
|
|
|
|
|
|
|||||||||||||||||||||||||||||||
BHFTI-293
Brighthouse Funds Trust I
PIMCO Inflation Protected Bond Portfolio
Schedule of Investments as of September 30, 2021 (Unaudited)
Written Options—(Continued)
| Credit Default |
Strike Spread/ Price |
Counterparty | Reference Obligation |
Buy/Sell Protection |
Expiration Date |
Number of Contracts |
Notional Amount | Premiums Received |
Market Value |
Unrealized Appreciation/ (Depreciation) |
||||||||||||||||||||||||||||||||
| Put - OTC - 5 Yr. CDS |
$ | 101.000 | DBAG | CDX.NA.HY.36 | Sell | 11/17/21 | (1,400,000 | ) | USD | (1,400,000 | ) | $ | (5,670 | ) | $ | (1,500 | ) | $ | 4,170 | |||||||||||||||||||||||
| Put - OTC - 5 Yr. CDS |
$ | 101.000 | GSI | CDX.NA.HY.36 | Sell | 12/15/21 | (900,000 | ) | USD | (900,000 | ) | (3,240 | ) | (2,090 | ) | 1,150 | ||||||||||||||||||||||||||
| Put - OTC - 5 Yr. CDS |
$ | 102.000 | GSI | CDX.NA.HY.36 | Sell | 11/17/21 | (2,000,000 | ) | USD | (2,000,000 | ) | (9,892 | ) | (2,662 | ) | 7,230 | ||||||||||||||||||||||||||
| Put - OTC - 5 Yr. CDS |
$ | 102.000 | DBAG | CDX.NA.HY.36 | Sell | 01/19/22 | (1,200,000 | ) | USD | (1,200,000 | ) | (5,880 | ) | (5,890 | ) | (10 | ) | |||||||||||||||||||||||||
| Put - OTC - 5 Yr. CDS |
$ | 102.000 | GSI | CDX.NA.HY.36 | Sell | 01/19/22 | (900,000 | ) | USD | (900,000 | ) | (3,870 | ) | (4,417 | ) | (547 | ) | |||||||||||||||||||||||||
| Put - OTC - 5 Yr. CDS |
$ | 104.000 | GSI | CDX.NA.HY.36 | Sell | 12/15/21 | (1,000,000 | ) | USD | (1,000,000 | ) | (4,000 | ) | (4,169 | ) | (169 | ) | |||||||||||||||||||||||||
| Put - OTC - 5 Yr. CDS |
$ | 104.000 | BNP | CDX.NA.HY.36 | Sell | 12/15/21 | (1,100,000 | ) | USD | (1,100,000 | ) | (4,521 | ) | (4,586 | ) | (65 | ) | |||||||||||||||||||||||||
| Put - OTC - 5 Yr. CDS |
$ | 104.000 | CSI | CDX.NA.HY.36 | Sell | 12/15/21 | (1,200,000 | ) | USD | (1,200,000 | ) | (4,620 | ) | (5,003 | ) | (383 | ) | |||||||||||||||||||||||||
| Put - OTC - 5 Yr. CDS |
$ | 101.000 | JPMC | CDX.NA.HY.37 | Sell | 12/15/21 | (1,500,000 | ) | USD | (1,500,000 | ) | (4,500 | ) | (4,378 | ) | 122 | ||||||||||||||||||||||||||
| Put - OTC - 5 Yr. CDS |
0.725 | % | GSI | CDX.NA.IG.36 | Sell | 01/19/22 | (4,200,000 | ) | USD | (4,200,000 | ) | (4,200 | ) | (4,762 | ) | (562 | ) | |||||||||||||||||||||||||
| Put - OTC - 5 Yr. CDS |
0.750 | % | GSI | CDX.NA.IG.36 | Sell | 11/17/21 | (2,000,000 | ) | USD | (2,000,000 | ) | (2,010 | ) | (651 | ) | 1,359 | ||||||||||||||||||||||||||
| Put - OTC - 5 Yr. CDS |
0.750 | % | MSCS | CDX.NA.IG.36 | Sell | 11/17/21 | (10,500,000 | ) | USD | (10,500,000 | ) | (10,452 | ) | (3,418 | ) | 7,034 | ||||||||||||||||||||||||||
| Put - OTC - 5 Yr. CDS |
0.750 | % | BNP | CDX.NA.IG.36 | Sell | 11/17/21 | (4,300,000 | ) | USD | (4,300,000 | ) | (4,257 | ) | (1,400 | ) | 2,857 | ||||||||||||||||||||||||||
| Put - OTC - 5 Yr. CDS |
0.750 | % | MSCS | CDX.NA.IG.36 | Sell | 12/15/21 | (13,100,000 | ) | USD | (13,100,000 | ) | (13,672 | ) | (8,569 | ) | 5,103 | ||||||||||||||||||||||||||
| Put - OTC - 5 Yr. CDS |
0.750 | % | BNP | CDX.NA.IG.36 | Sell | 12/15/21 | (3,100,000 | ) | USD | (3,100,000 | ) | (3,181 | ) | (2,028 | ) | 1,153 | ||||||||||||||||||||||||||
| Put - OTC - 5 Yr. CDS |
0.750 | % | DBAG | CDX.NA.IG.36 | Sell | 12/15/21 | (2,200,000 | ) | USD | (2,200,000 | ) | (1,914 | ) | (1,439 | ) | 475 | ||||||||||||||||||||||||||
| Put - OTC - 5 Yr. CDS |
0.800 | % | CSI | CDX.NA.IG.36 | Sell | 12/15/21 | (11,400,000 | ) | USD | (11,400,000 | ) | (11,571 | ) | (6,383 | ) | 5,188 | ||||||||||||||||||||||||||
| Put - OTC - 5 Yr. CDS |
0.800 | % | MSCS | CDX.NA.IG.36 | Sell | 12/15/21 | (3,100,000 | ) | USD | (3,100,000 | ) | (2,914 | ) | (1,736 | ) | 1,178 | ||||||||||||||||||||||||||
| Put - OTC - 5 Yr. CDS |
0.850 | % | BBP | CDX.NA.IG.37 | Sell | 01/19/22 | (11,400,000 | ) | USD | (11,400,000 | ) | (13,139 | ) | (12,625 | ) | 514 | ||||||||||||||||||||||||||
| Put - OTC - 5 Yr. CDS |
0.700 | % | BBP | ITRX.EUR.35 | Sell | 12/15/21 | (14,200,000 | ) | EUR | (14,200,000 | ) | (16,406 | ) | (9,224 | ) | 7,182 | ||||||||||||||||||||||||||
| Put - OTC - 5 Yr. CDS |
0.700 | % | JPMC | ITRX.EUR.35 | Sell | 12/15/21 | (2,700,000 | ) | EUR | (2,700,000 | ) | (2,846 | ) | (1,754 | ) | 1,092 | ||||||||||||||||||||||||||
| Put - OTC - 5 Yr. CDS |
0.850 | % | BBP | ITRX.EUR.35 | Sell | 10/20/21 | (5,030,000 | ) | EUR | (5,030,000 | ) | (5,220 | ) | (297 | ) | 4,923 | ||||||||||||||||||||||||||
| Put - OTC - 5 Yr. CDS |
0.750 | % | BBP | ITRX.EUR.36 | Sell | 01/19/22 | (2,700,000 | ) | EUR | (2,700,000 | ) | (3,729 | ) | (2,902 | ) | 827 | ||||||||||||||||||||||||||
| Put - OTC - 5 Yr. CDS |
3.500 | % | BBP | ITRX.EUR.XOVER 35 | Sell | 12/15/21 | (1,000,000 | ) | EUR | (1,000,000 | ) | (4,608 | ) | (4,029 | ) | 579 | ||||||||||||||||||||||||||
| Put - OTC - 5 Yr. CDS |
3.500 | % | DBAG | ITRX.EUR.XOVER 35 | Sell | 12/15/21 | (700,000 | ) | EUR | (700,000 | ) | (3,146 | ) | (2,820 | ) | 326 | ||||||||||||||||||||||||||
| Put - OTC - 5 Yr. CDS |
3.500 | % | CBNA | ITRX.EUR.XOVER 35 | Sell | 01/19/22 | (1,000,000 | ) | EUR | (1,000,000 | ) | (5,543 | ) | (5,815 | ) | (272 | ) | |||||||||||||||||||||||||
| Put - OTC - 5 Yr. CDS |
3.500 | % | BBP | ITRX.EUR.XOVER 35 | Sell | 01/19/22 | (2,500,000 | ) | EUR | (2,500,000 | ) | (13,521 | ) | (14,537 | ) | (1,016 | ) | |||||||||||||||||||||||||
| Put - OTC - 5 Yr. CDS |
3.500 | % | JPMC | ITRX.EUR.XOVER 35 | Sell | 01/19/22 | (500,000 | ) | EUR | (500,000 | ) | (2,733 | ) | (2,907 | ) | (174 | ) | |||||||||||||||||||||||||
| Put - OTC - 5 Yr. CDS |
3.750 | % | BBP | ITRX.EUR.XOVER 36 | Sell | 01/19/22 | (400,000 | ) | EUR | (400,000 | ) | (2,176 | ) | (2,529 | ) | (353 | ) | |||||||||||||||||||||||||
|
|
|
|
|
|
|
|||||||||||||||||||||||||||||||||||||
| Totals |
|
$ | (173,431 | ) | $ | (124,520 | ) | $ | 48,911 | |||||||||||||||||||||||||||||||||
|
|
|
|
|
|
|
|||||||||||||||||||||||||||||||||||||
| OTC Options on Securities |
Counterparty | Strike Price |
Expiration Date |
Number of Contracts |
Notional Amount |
Premiums Received |
Market Value |
Unrealized Appreciation/ (Depreciation) |
||||||||||||||||||||||
| Call - Uniform Mortgage-Backed Securities 30 Yr. Pool, 2.000%, TBA |
JPMC | USD 102.672 | 10/07/21 | (600,000 | ) | USD (600,000) | $ | (1,359 | ) | $ | — | $ | 1,359 | |||||||||||||||||
| Call - Uniform Mortgage-Backed Securities 30 Yr. Pool, 2.000%, TBA |
JPMC | USD 101.734 | 10/07/21 | (900,000 | ) | USD (900,000) | (1,266 | ) | — | 1,266 | ||||||||||||||||||||
| Call - Uniform Mortgage-Backed Securities 30 Yr. Pool, 2.000%, TBA |
JPMC | USD 101.688 | 10/07/21 | (1,400,000 | ) | USD (1,400,000) | (2,844 | ) | (1 | ) | 2,843 | |||||||||||||||||||
| Call - Uniform Mortgage-Backed Securities 30 Yr. Pool, 2.000%, TBA |
JPMC | USD 101.188 | 10/07/21 | (600,000 | ) | USD (600,000) | (4,031 | ) | (29 | ) | 4,002 | |||||||||||||||||||
| Call - Uniform Mortgage-Backed Securities 30 Yr. Pool, 2.000%, TBA |
JPMC | USD 101.563 | 11/03/21 | (600,000 | ) | USD (600,000) | (1,688 | ) | (227 | ) | 1,461 | |||||||||||||||||||
| Call - Uniform Mortgage-Backed Securities 30 Yr. Pool, 2.000%, TBA |
GSC | USD 101.609 | 11/03/21 | (700,000 | ) | USD (700,000) | (1,969 | ) | (234 | ) | 1,735 | |||||||||||||||||||
| Call - Uniform Mortgage-Backed Securities 30 Yr. Pool, 2.000%, TBA |
JPMC | USD 101.547 | 11/03/21 | (600,000 | ) | USD (600,000) | (2,039 | ) | (237 | ) | 1,802 | |||||||||||||||||||
| Call - Uniform Mortgage-Backed Securities 30 Yr. Pool, 2.000%, TBA |
JPMC | USD 101.531 | 11/03/21 | (600,000 | ) | USD (600,000) | (1,734 | ) | (246 | ) | 1,488 | |||||||||||||||||||
| Call - Uniform Mortgage-Backed Securities 30 Yr. Pool, 2.000%, TBA |
JPMC | USD 101.473 | 11/03/21 | (600,000 | ) | USD (600,000) | (1,875 | ) | (286 | ) | 1,589 | |||||||||||||||||||
| Call - Uniform Mortgage-Backed Securities 30 Yr. Pool, 2.000%, TBA |
GSC | USD 101.531 | 11/03/21 | (700,000 | ) | USD (700,000) | (2,652 | ) | (288 | ) | 2,364 | |||||||||||||||||||
| Call - Uniform Mortgage-Backed Securities 30 Yr. Pool, 2.000%, TBA |
GSC | USD 101.531 | 11/03/21 | (700,000 | ) | USD (700,000) | (2,352 | ) | (288 | ) | 2,064 | |||||||||||||||||||
| Call - Uniform Mortgage-Backed Securities 30 Yr. Pool, 2.000%, TBA |
JPMC | USD 101.336 | 11/03/21 | (600,000 | ) | USD (600,000) | (2,250 | ) | (395 | ) | 1,855 | |||||||||||||||||||
| Call - Uniform Mortgage-Backed Securities 30 Yr. Pool, 2.000%, TBA |
JPMC | USD 100.219 | 11/03/21 | (1,400,000 | ) | USD (1,400,000) | (5,141 | ) | (5,946 | ) | (805 | ) | ||||||||||||||||||
| Call - Uniform Mortgage-Backed Securities 30 Yr. Pool, 2.000%, TBA |
GSC | USD 100.555 | 12/06/21 | (1,500,000 | ) | USD (1,500,000) | (3,281 | ) | (6,103 | ) | (2,822 | ) | ||||||||||||||||||
| Call - Uniform Mortgage-Backed Securities 30 Yr. Pool, 2.500%, TBA |
JPMC | USD 104.320 | 10/07/21 | (800,000 | ) | USD (800,000) | (1,438 | ) | — | 1,438 | ||||||||||||||||||||
| Call - Uniform Mortgage-Backed Securities 30 Yr. Pool, 2.500%, TBA |
JPMC | USD 103.906 | 10/07/21 | (600,000 | ) | USD (600,000) | (1,477 | ) | (13 | ) | 1,464 | |||||||||||||||||||
| Call - Uniform Mortgage-Backed Securities 30 Yr. Pool, 2.500%, TBA |
GSC | USD 103.813 | 10/07/21 | (700,000 | ) | USD (700,000) | (1,914 | ) | (33 | ) | 1,881 | |||||||||||||||||||
| Call - Uniform Mortgage-Backed Securities 30 Yr. Pool, 2.500%, TBA |
JPMC | USD 103.766 | 10/07/21 | (650,000 | ) | USD (650,000) | (1,854 | ) | (44 | ) | 1,810 | |||||||||||||||||||
| Call - Uniform Mortgage-Backed Securities 30 Yr. Pool, 2.500%, TBA |
JPMC | USD 103.734 | 10/07/21 | (650,000 | ) | USD (650,000) | (1,828 | ) | (55 | ) | 1,773 | |||||||||||||||||||
| Call - Uniform Mortgage-Backed Securities 30 Yr. Pool, 2.500%, TBA |
GSC | USD 103.602 | 10/07/21 | (700,000 | ) | USD (700,000) | (2,242 | ) | (139 | ) | 2,103 | |||||||||||||||||||
| Call - Uniform Mortgage-Backed Securities 30 Yr. Pool, 2.500%, TBA |
JPMC | USD 103.375 | 11/03/21 | (2,000,000 | ) | USD (2,000,000) | (9,375 | ) | (3,580 | ) | 5,795 | |||||||||||||||||||
| Put - Ginnie Mae II 30 Yr. Pool, 2.500%, TBA |
JPMC | USD 102.430 | 10/14/21 | (1,100,000 | ) | USD (1,100,000) | (2,234 | ) | (486 | ) | 1,748 | |||||||||||||||||||
BHFTI-294
Brighthouse Funds Trust I
PIMCO Inflation Protected Bond Portfolio
Schedule of Investments as of September 30, 2021 (Unaudited)
Written Options—(Continued)
| OTC Options on Securities |
Counterparty | Strike Price |
Expiration Date |
Number of Contracts |
Notional Amount |
Premiums Received |
Market Value |
Unrealized Appreciation/ (Depreciation) |
||||||||||||||||||||||
| Put - Uniform Mortgage-Backed Securities 30 Yr. Pool, 2.000%, TBA |
JPMC | USD 100.672 | 10/07/21 | (600,000 | ) | USD (600,000) | $ | (2,109 | ) | $ | (2,795 | ) | $ | (686 | ) | |||||||||||||||
| Put - Uniform Mortgage-Backed Securities 30 Yr. Pool, 2.000%, TBA |
GSC | USD 98.555 | 12/06/21 | (1,500,000 | ) | USD (1,500,000) | (5,859 | ) | (5,405 | ) | 454 | |||||||||||||||||||
| Put - Uniform Mortgage-Backed Securities 30 Yr. Pool, 3.000%, TBA |
JPMC | USD 103.988 | 12/06/21 | (1,000,000 | ) | USD (1,000,000) | (1,719 | ) | (1,894 | ) | (175 | ) | ||||||||||||||||||
|
|
|
|
|
|
|
|||||||||||||||||||||||||
| Totals |
$ | (66,530 | ) | $ | (28,724 | ) | $ | 37,806 | ||||||||||||||||||||||
|
|
|
|
|
|
|
|||||||||||||||||||||||||
Swap Agreements
Centrally Cleared Interest Rate Swaps
| Pay/Receive |
Floating Rate Index |
Payment Frequency |
Fixed Rate |
Payment Frequency |
Maturity Date |
Notional Amount |
Market Value |
Upfront Premiums Paid/ (Received) |
Unrealized Appreciation/ (Depreciation) |
|||||||||||||||||||||||||||
| Pay |
12M CPURNSA | Maturity | 1.280% | Maturity | 11/02/21 | USD | 2,000,000 | $ | (79,544 | ) | $ | — | $ | (79,544 | ) | |||||||||||||||||||||
| Pay |
12M CPURNSA | Maturity | 1.290% | Maturity | 11/05/21 | USD | 2,800,000 | (111,596 | ) | (13 | ) | (111,583 | ) | |||||||||||||||||||||||
| Pay |
12M CPURNSA | Maturity | 1.760% | Maturity | 11/04/29 | USD | 24,500,000 | (2,703,751 | ) | (13,843 | ) | (2,689,908 | ) | |||||||||||||||||||||||
| Pay |
12M CPURNSA | Maturity | 1.954% | Maturity | 06/03/29 | USD | 8,650,000 | (758,927 | ) | — | (758,927 | ) | ||||||||||||||||||||||||
| Pay |
12M CPURNSA | Maturity | 1.998% | Maturity | 07/25/29 | USD | 21,500,000 | (1,750,013 | ) | 2,813 | (1,752,826 | ) | ||||||||||||||||||||||||
| Pay |
12M CPURNSA | Maturity | 2.155% | Maturity | 02/04/22 | USD | 24,300,000 | (870,305 | ) | (126 | ) | (870,179 | ) | |||||||||||||||||||||||
| Pay |
12M CPURNSA | Maturity | 2.165% | Maturity | 01/19/22 | USD | 10,500,000 | (369,326 | ) | — | (369,326 | ) | ||||||||||||||||||||||||
| Pay |
12M CPURNSA | Maturity | 2.170% | Maturity | 02/01/22 | USD | 18,200,000 | (650,350 | ) | — | (650,350 | ) | ||||||||||||||||||||||||
| Pay |
12M CPURNSA | Maturity | 2.180% | Maturity | 01/19/22 | USD | 4,200,000 | (147,100 | ) | (63 | ) | (147,037 | ) | |||||||||||||||||||||||
| Pay |
12M CPURNSA | Maturity | 2.200% | Maturity | 01/21/22 | USD | 3,300,000 | (115,229 | ) | — | (115,229 | ) | ||||||||||||||||||||||||
| Pay |
12M CPURNSA | Maturity | 2.200% | Maturity | 02/05/22 | USD | 5,000,000 | (176,711 | ) | — | (176,711 | ) | ||||||||||||||||||||||||
| Pay |
12M CPURNSA | Maturity | 2.335% | Maturity | 02/05/28 | USD | 13,090,000 | (302,547 | ) | 28,402 | (330,949 | ) | ||||||||||||||||||||||||
| Pay |
12M CPURNSA | Maturity | 2.370% | Maturity | 06/06/28 | USD | 6,400,000 | (226,881 | ) | (1,137 | ) | (225,744 | ) | |||||||||||||||||||||||
| Pay |
12M FRCPXT | Maturity | 1.410% | Maturity | 11/15/39 | EUR | 600,000 | (67,875 | ) | — | (67,875 | ) | ||||||||||||||||||||||||
| Pay |
12M FRCPXT | Maturity | 1.910% | Maturity | 01/15/38 | EUR | 350,000 | 21,707 | 2,831 | 18,876 | ||||||||||||||||||||||||||
| Pay |
12M HICP | Maturity | 1.380% | Maturity | 03/15/31 | EUR | 23,400,000 | (1,869,211 | ) | (158,753 | ) | (1,710,458 | ) | |||||||||||||||||||||||
| Pay |
12M UKRPI | Maturity | 3.220% | Maturity | 03/15/22 | GBP | 9,100,000 | (370,962 | ) | (56 | ) | (370,906 | ) | |||||||||||||||||||||||
| Pay |
12M UKRPI | Maturity | 3.325% | Maturity | 08/15/30 | GBP | 12,100,000 | (861,017 | ) | 113,664 | (974,681 | ) | ||||||||||||||||||||||||
| Pay |
12M UKRPI | Maturity | 3.330% | Maturity | 01/15/25 | GBP | 18,900,000 | (847,489 | ) | 387,177 | (1,234,666 | ) | ||||||||||||||||||||||||
| Pay |
12M UKRPI | Maturity | 3.400% | Maturity | 06/15/30 | GBP | 15,300,000 | (654,061 | ) | 64,254 | (718,315 | ) | ||||||||||||||||||||||||
| Pay |
12M UKRPI | Maturity | 3.438% | Maturity | 01/15/30 | GBP | 8,000,000 | (659,442 | ) | — | (659,442 | ) | ||||||||||||||||||||||||
| Pay |
12M UKRPI | Maturity | 3.465% | Maturity | 02/15/22 | GBP | 11,300,000 | (437,843 | ) | — | (437,843 | ) | ||||||||||||||||||||||||
| Pay |
12M UKRPI | Maturity | 3.475% | Maturity | 08/15/30 | GBP | 6,000,000 | (657,576 | ) | 56,742 | (714,318 | ) | ||||||||||||||||||||||||
| Pay |
12M UKRPI | Maturity | 3.566% | Maturity | 03/15/36 | GBP | 1,700,000 | (201,050 | ) | — | (201,050 | ) | ||||||||||||||||||||||||
| Pay |
12M UKRPI | Maturity | 3.580% | Maturity | 03/15/36 | GBP | 5,600,000 | (639,955 | ) | (31,335 | ) | (608,620 | ) | |||||||||||||||||||||||
| Pay |
12M UKRPI | Maturity | 3.750% | Maturity | 04/15/31 | GBP | 3,570,000 | (274,534 | ) | (1,315 | ) | (273,219 | ) | |||||||||||||||||||||||
| Pay |
12M UKRPI | Maturity | 3.850% | Maturity | 09/15/24 | GBP | 13,900,000 | 72,343 | (1,062 | ) | 73,405 | |||||||||||||||||||||||||
| Pay |
12M UKRPI | Maturity | 4.066% | Maturity | 09/15/31 | GBP | 500,000 | 3,841 | — | 3,841 | ||||||||||||||||||||||||||
| Pay |
3M EURIBOR | Annually | (0.526)% | Annually | 11/21/23 | EUR | 72,000,000 | (122,482 | ) | — | (122,482 | ) | ||||||||||||||||||||||||
| Receive |
12M CPURNSA | Maturity | 1.798% | Maturity | 08/25/27 | USD | 9,300,000 | 950,961 | — | 950,961 | ||||||||||||||||||||||||||
| Receive |
12M CPURNSA | Maturity | 1.890% | Maturity | 08/27/27 | USD | 12,300,000 | 1,170,597 | — | 1,170,597 | ||||||||||||||||||||||||||
| Receive |
12M CPURNSA | Maturity | 2.069% | Maturity | 07/15/22 | USD | 4,500,000 | 161,307 | — | 161,307 | ||||||||||||||||||||||||||
| Receive |
12M CPURNSA | Maturity | 2.210% | Maturity | 02/05/23 | USD | 25,780,000 | 771,854 | — | 771,854 | ||||||||||||||||||||||||||
| Receive |
12M CPURNSA | Maturity | 2.263% | Maturity | 04/27/23 | USD | 13,492,000 | 339,809 | (2,800 | ) | 342,609 | |||||||||||||||||||||||||
| Receive |
12M CPURNSA | Maturity | 2.311% | Maturity | 02/24/31 | USD | 21,200,000 | 1,276,954 | 9,193 | 1,267,761 | ||||||||||||||||||||||||||
| Receive |
12M CPURNSA | Maturity | 2.314% | Maturity | 02/26/26 | USD | 10,200,000 | 508,378 | — | 508,378 | ||||||||||||||||||||||||||
| Receive |
12M CPURNSA | Maturity | 2.419% | Maturity | 03/05/26 | USD | 13,000,000 | 572,242 | — | 572,242 | ||||||||||||||||||||||||||
| Receive |
12M CPURNSA | Maturity | 2.560% | Maturity | 05/08/23 | USD | 12,300,000 | (742,364 | ) | (1,065,672 | ) | 323,308 | ||||||||||||||||||||||||
| Receive |
12M CPURNSA | Maturity | 2.573% | Maturity | 08/26/28 | USD | 1,900,000 | 22,892 | — | 22,892 | ||||||||||||||||||||||||||
| Receive |
12M CPURNSA | Maturity | 2.645% | Maturity | 09/10/28 | USD | 2,400,000 | 9,171 | — | 9,171 | ||||||||||||||||||||||||||
| Receive |
12M CPURNSA | Maturity | 2.703% | Maturity | 05/25/26 | USD | 7,090,000 | 174,040 | — | 174,040 | ||||||||||||||||||||||||||
| Receive |
12M CPURNSA | Maturity | 2.768% | Maturity | 05/13/26 | USD | 11,300,000 | 250,155 | — | 250,155 | ||||||||||||||||||||||||||
| Receive |
12M CPURNSA | Maturity | 2.813% | Maturity | 05/14/26 | USD | 4,600,000 | 90,175 | — | 90,175 | ||||||||||||||||||||||||||
| Receive |
12M FRCPXT | Maturity | 1.030% | Maturity | 03/15/24 | EUR | 10,500,000 | 125,312 | (2,204 | ) | 127,516 | |||||||||||||||||||||||||
| Receive |
12M HICP | Maturity | 0.090% | Maturity | 05/15/22 | EUR | 1,900,000 | 92,922 | — | 92,922 | ||||||||||||||||||||||||||
| Receive |
12M HICP | Maturity | 0.330% | Maturity | 07/15/22 | EUR | 6,400,000 | 309,586 | 159 | 309,427 | ||||||||||||||||||||||||||
BHFTI-295
Brighthouse Funds Trust I
PIMCO Inflation Protected Bond Portfolio
Schedule of Investments as of September 30, 2021 (Unaudited)
Swap Agreements—(Continued)
| Pay/Receive |
Floating Rate Index |
Payment Frequency |
Fixed Rate |
Payment Frequency |
Maturity Date |
Notional Amount |
Market Value |
Upfront Premiums Paid/ (Received) |
Unrealized Appreciation/ (Depreciation) |
|||||||||||||||||||||||||||
| Receive |
12M UKRPI | Maturity | 4.180% | Maturity | 09/15/22 | GBP | 3,000,000 | $ | 69,063 | $ | — | $ | 69,063 | |||||||||||||||||||||||
| Receive |
12M UKRPI | Maturity | 4.220% | Maturity | 08/15/22 | GBP | 3,000,000 | 80,781 | — | 80,781 | ||||||||||||||||||||||||||
| Receive |
12M UKRPI | Maturity | 4.480% | Maturity | 09/15/23 | GBP | 2,800,000 | 27,398 | — | 27,398 | ||||||||||||||||||||||||||
| Receive |
3M NZDBB | Semi-Annually | 3.250% | Semi-Annually | 03/21/28 | NZD | 8,400,000 | (440,687 | ) | 25,634 | (466,321 | ) | ||||||||||||||||||||||||
| Receive |
6M LIBOR | Semi-Annually | 0.300% | Semi-Annually | 09/20/27 | JPY | 788,000,000 | (108,944 | ) | (14,261 | ) | (94,683 | ) | |||||||||||||||||||||||
| Receive |
6M LIBOR | Semi-Annually | 0.300% | Semi-Annually | 03/20/28 | JPY | 426,780,000 | (62,013 | ) | (6,734 | ) | (55,279 | ) | |||||||||||||||||||||||
|
|
|
|
|
|
|
|||||||||||||||||||||||||||||||
| Totals |
|
$ | (10,178,297 | ) | $ | (608,505 | ) | $ | (9,569,792 | ) | ||||||||||||||||||||||||||
|
|
|
|
|
|
|
|||||||||||||||||||||||||||||||
Centrally Cleared Credit Default Swaps on Corporate Issues—Sell Protection (a)
| Reference Obligation |
Fixed Deal Receive Rate |
Payment Frequency |
Maturity Date |
Implied Credit Spread at September 30, 2021 (b) |
Notional Amount(c) |
Market Value |
Upfront Premiums Paid/(Received) |
Unrealized Appreciation/ (Depreciation) |
||||||||||||||||||||||||
| General Electric Co. 2.700%, due 10/09/22 |
1.000 | % | Quarterly | 12/20/23 | 0.350 | % | USD 1,000,000 | $ | 14,481 | $ | (24,311 | ) | $ | 38,792 | ||||||||||||||||||
| (a) | If the Portfolio is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Portfolio will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash or securities equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | |||
| (b) | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate issues or indices as of period end serve as an indicator of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity’s credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. A credit spread identified as “Defaulted” indicates a credit event has occurred for the referenced entity or obligation. | |||
| (c) | The maximum potential amount of future undiscounted payments that the Portfolio could be required to make under a credit default swap contract would be the notional amount of the contract. These potential amounts would be partially offset by any recovery values of the referenced debt obligation or net amounts received from the settlement of purchased protection credit default swap contracts entered into by the Portfolio for the same referenced debt obligation. | |||
Glossary of Abbreviations
Counterparties
| (BBP)— | Barclays Bank plc | |||
| (BNP)— | BNP Paribas S.A. | |||
| (CBNA)— | Citibank N.A. | |||
| (CSI)— | Credit Suisse International | |||
| (DBAG)— | Deutsche Bank AG | |||
| (GSBU)— | Goldman Sachs Bank USA | |||
| (GSC)— | Goldman Sachs & Co. | |||
| (GSI)— | Goldman Sachs International | |||
| (JPMC)— | JPMorgan Chase Bank N.A. | |||
| (MSCS)— | Morgan Stanley Capital Services LLC | |||
| (SG)— | Societe Generale Paris | |||
| (UBSA)— | UBS AG | |||
Currencies
| (AUD)— | Australian Dollar | |||
| (BRL)— | Brazilian Real | |||
| (CAD)— | Canadian Dollar | |||
| (CNH)— | Chinese Renminbi | |||
| (DKK)— | Danish Krone | |||
| (EUR)— | Euro | |||
| (GBP)— | British Pound | |||
| (IDR)— | Indonesian Rupiah | |||
| (JPY)— | Japanese Yen | |||
| (KRW)— | South Korean Won | |||
| (MXN)— | Mexican Peso | |||
| (MYR)— | Malaysian Ringgit | |||
| (NOK)— | Norwegian Krone | |||
| (NZD)— | New Zealand Dollar | |||
| (PEN)— | Peruvian Nuevo Sol | |||
| (RUB)— | Russian Ruble | |||
| (SEK)— | Swedish Krona | |||
| (TWD)— | Taiwanese Dollar | |||
| (USD)— | United States Dollar | |||
Index Abbreviations
| (CDX.NA.HY)— | Markit North America High Yield CDS Index | |||
| (CDX.NA.IG)— | Markit North America Investment Grade CDS Index | |||
| (COFI)— | 11th District Cost of Fund Index | |||
| (CPALEMU)— | Euro Area All Items Index Non-Seasonally Adjusted | |||
| (CPI)— | Consumer Price Index | |||
| (CPURNSA)— | U.S. Consumer Price Index for All Urban Consumers Non-Seasonally Adjusted | |||
| (EURIBOR)— | Euro InterBank Offered Rate | |||
| (FRCPXT)— | France Consumer Price Ex-Tobacco Index | |||
| (H15)— | U.S. Treasury Yield Curve Rate T-Note Constant Maturity Index | |||
| (HICP)— | Harmonized Index of Consumer Prices | |||
| (ITRX.EUR)— | Markit iTraxx Europe CDS Index | |||
| (ITRX.EUR.XOVER)— | Markit iTraxx Europe Crossover CDS Index | |||
| (LIBOR)— | London Interbank Offered Rate | |||
| (MTA)— | Monthly Treasury Average Index | |||
| (NZDBB)— | New Zealand Dollar Bank Bill Index | |||
| (SOFR)— | Secured Overnight Financing Rate | |||
| (SONIA)— | Sterling Overnight Index Average Deposit Rate | |||
| (UKRPI)— | United Kingdom Retail Price Index | |||
BHFTI-296
Brighthouse Funds Trust I
PIMCO Inflation Protected Bond Portfolio
Schedule of Investments as of September 30, 2021 (Unaudited)
Glossary of Abbreviations—(Continued)
Other Abbreviations
| (ARM)— | Adjustable-Rate Mortgage | |||
| (CDS)— | Credit Default Swap | |||
| (CLO)— | Collateralized Loan Obligation | |||
| (CMO)— | Collateralized Mortgage Obligation | |||
| (ICE)— | Intercontinental Exchange, Inc. | |||
| (IRS)— | Interest Rate Swap | |||
| (REMIC)— | Real Estate Mortgage Investment Conduit | |||
Fair Value Hierarchy
Accounting principles generally accepted in the United States of America (“GAAP”) define fair market value as the price that the Portfolio would receive to sell an asset or pay to transfer a liability in an orderly transaction between market participants at the measurement date. It establishes a fair value hierarchy that prioritizes inputs to valuation methods and requires disclosure of the fair value hierarchy, separately for each major category of assets and liabilities, that segregates fair value measurements into three levels. Levels 1, 2 and 3 of the fair value hierarchy are defined as follows:
Level 1 - unadjusted quoted prices in active markets for identical investments
Level 2 - other significant observable inputs (including, but not limited to, quoted prices for similar assets or liabilities in markets that are either active or inactive; inputs other than quoted prices that are observable such as interest rates, yield curves, volatilities, prepayment speeds, loss severities, credit risks, default rates, or other market corroborated inputs)
Level 3 - significant unobservable inputs based on the best information available in the circumstances, to the extent observable inputs are unavailable (including the Portfolio’s own assumptions used in determining the fair value of investments and derivative financial instruments)
The inputs or methodologies used for valuing investments are not necessarily an indication of the risk associated with investing in them. Changes to the inputs or methodologies used may result in transfers between levels. A reconciliation of Level 3 securities, if any, will be disclosed following the fair value hierarchy table. For more information about the Portfolio’s policy regarding the valuation of investments, please refer to the Notes to Schedule of Investments.
The following table summarizes the fair value hierarchy of the Portfolio’s investments as of September 30, 2021:
| Description | Level 1 | Level 2 | Level 3 | Total | ||||||||||||
| Total U.S. Treasury & Government Agencies* |
$ | — | $ | 2,642,301,895 | $ | — | $ | 2,642,301,895 | ||||||||
| Total Foreign Government* |
— | 278,715,818 | — | 278,715,818 | ||||||||||||
| Total Asset-Backed Securities* |
— | 155,468,901 | — | 155,468,901 | ||||||||||||
| Total Corporate Bonds & Notes* |
— | 133,855,822 | — | 133,855,822 | ||||||||||||
| Total Mortgage-Backed Securities* |
— | 70,159,317 | — | 70,159,317 | ||||||||||||
| Total Preferred Stock* |
— | — | 11,662,745 | 11,662,745 | ||||||||||||
| Total Convertible Preferred Stock* |
1,333,800 | — | — | 1,333,800 | ||||||||||||
| Total Short-Term Investments* |
— | 746,743,908 | — | 746,743,908 | ||||||||||||
| Total Purchased Options at Value |
— | 3,683,836 | — | 3,683,836 | ||||||||||||
| Total Investments |
$ | 1,333,800 | $ | 4,030,929,497 | $ | 11,662,745 | $ | 4,043,926,042 | ||||||||
| Secured Borrowings (Liability) |
$ | — | $ | (2,362,619,772 | ) | $ | — | $ | (2,362,619,772 | ) | ||||||
| Forward Contracts |
| |||||||||||||||
| Forward Foreign Currency Exchange Contracts (Unrealized Appreciation) |
$ | — | $ | 8,504,373 | $ | — | $ | 8,504,373 | ||||||||
| Forward Foreign Currency Exchange Contracts (Unrealized Depreciation) |
— | (640,945 | ) | — | (640,945 | ) | ||||||||||
| Total Forward Contracts |
$ | — | $ | 7,863,428 | $ | — | $ | 7,863,428 | ||||||||
| Futures Contracts |
| |||||||||||||||
| Futures Contracts (Unrealized Appreciation) |
$ | 9,970,630 | $ | — | $ | — | $ | 9,970,630 | ||||||||
| Futures Contracts (Unrealized Depreciation) |
(3,008,020 | ) | — | — | (3,008,020 | ) | ||||||||||
| Total Futures Contracts |
$ | 6,962,610 | $ | — | $ | — | $ | 6,962,610 | ||||||||
| Written Options |
| |||||||||||||||
| Credit Default Swaptions at Value |
$ | — | $ | (124,520 | ) | $ | — | $ | (124,520 | ) | ||||||
| Inflation Capped Options at Value |
— | (22,281 | ) | — | (22,281 | ) | ||||||||||
| Interest Rate Swaptions at Value |
— | (3,586,738 | ) | — | (3,586,738 | ) | ||||||||||
| OTC Options on Securities at Value |
— | (28,724 | ) | — | (28,724 | ) | ||||||||||
| Total Written Options |
$ | — | $ | (3,762,263 | ) | $ | — | $ | (3,762,263 | ) | ||||||
| Centrally Cleared Swap Contracts |
| |||||||||||||||
| Centrally Cleared Swap Contracts (Unrealized Appreciation) |
$ | — | $ | 7,457,471 | $ | — | $ | 7,457,471 | ||||||||
| Centrally Cleared Swap Contracts (Unrealized Depreciation) |
— | (16,988,471 | ) | — | (16,988,471 | ) | ||||||||||
| Total Centrally Cleared Swap Contracts |
$ | — | $ | (9,531,000 | ) | $ | — | $ | (9,531,000 | ) | ||||||
| * | See Schedule of Investments for additional detailed categorizations. | |||
Level 3 investments at the beginning and/or end of the period in relation to net assets were not significant and accordingly, a reconciliation of Level 3 assets for the period ended September 30, 2021 is not presented.
BHFTI-297
Brighthouse Funds Trust I
Schedule of Investments as of September 30, 2021 (Unaudited)
U.S. Treasury & Government Agencies—39.7% of Net Assets
| Security Description | Principal Amount* |
Value | ||||||
| Agency Sponsored Mortgage - Backed—17.8% | ||||||||
| Fannie Mae 10 Yr. Pool | ||||||||
| 3.000%, 11/01/21 |
174 | $ | 183 | |||||
| 3.000%, 03/01/22 |
5,582 | 5,866 | ||||||
| 3.000%, 05/01/22 |
21,358 | 22,446 | ||||||
| 3.500%, 02/01/24 |
122,778 | 130,877 | ||||||
| 3.500%, 10/01/24 |
194,704 | 207,546 | ||||||
| 3.500%, 11/01/24 |
85,533 | 91,175 | ||||||
| 3.500%, 02/01/25 |
321,512 | 342,719 | ||||||
| 3.500%, 03/01/29 |
305,146 | 326,014 | ||||||
| Fannie Mae 15 Yr. Pool | ||||||||
| 3.000%, 09/01/28 |
237,065 | 250,683 | ||||||
| 3.000%, 06/01/30 |
7,226,660 | 7,687,114 | ||||||
| 3.500%, 04/01/25 |
34,395 | 36,681 | ||||||
| 3.500%, 10/01/26 |
69,948 | 74,695 | ||||||
| 3.500%, 12/01/26 |
197,999 | 211,377 | ||||||
| 3.500%, 04/01/27 |
149,653 | 159,744 | ||||||
| 3.500%, 12/01/28 |
324,668 | 346,847 | ||||||
| 3.500%, 07/01/29 |
32,531 | 34,710 | ||||||
| 3.500%, 12/01/31 |
120,405 | 129,313 | ||||||
| 3.500%, 05/01/32 |
279,694 | 299,951 | ||||||
| 3.500%, 06/01/32 |
501,239 | 537,157 | ||||||
| 3.500%, 05/01/33 |
253,439 | 271,709 | ||||||
| 3.500%, 06/01/33 |
335,308 | 358,746 | ||||||
| 3.500%, 08/01/33 |
228,242 | 243,909 | ||||||
| 3.500%, 09/01/33 |
795,194 | 850,940 | ||||||
| 3.500%, 10/01/33 |
522,282 | 559,030 | ||||||
| 3.500%, 05/01/34 |
9,383,364 | 10,032,993 | ||||||
| 3.500%, 07/01/34 |
449,465 | 480,712 | ||||||
| 3.500%, 09/01/34 |
1,004,755 | 1,079,302 | ||||||
| 3.500%, 02/01/35 |
60,577 | 64,662 | ||||||
| 3.500%, 03/01/35 |
134,519 | 143,392 | ||||||
| 3.500%, 05/01/35 |
5,606,569 | 5,976,370 | ||||||
| 4.000%, 05/01/24 |
218,029 | 230,898 | ||||||
| 4.000%, 06/01/24 |
217,325 | 230,098 | ||||||
| 4.000%, 02/01/25 |
91,311 | 96,747 | ||||||
| 4.000%, 06/01/25 |
40,819 | 43,282 | ||||||
| 4.000%, 08/01/25 |
19,149 | 20,306 | ||||||
| 4.000%, 12/01/25 |
22,758 | 24,131 | ||||||
| 4.000%, 02/01/26 |
34,184 | 36,294 | ||||||
| 4.000%, 03/01/26 |
6,857 | 7,286 | ||||||
| 4.000%, 06/01/26 |
8,743 | 9,268 | ||||||
| 4.000%, 11/01/33 |
70,078 | 74,436 | ||||||
| 4.500%, 05/01/23 |
2,920 | 3,056 | ||||||
| 4.500%, 06/01/23 |
190 | 198 | ||||||
| 4.500%, 04/01/24 |
5,258 | 5,503 | ||||||
| 4.500%, 05/01/24 |
27,503 | 28,821 | ||||||
| 4.500%, 08/01/24 |
4,060 | 4,251 | ||||||
| 4.500%, 10/01/24 |
50,198 | 52,734 | ||||||
| 4.500%, 11/01/24 |
9,665 | 10,145 | ||||||
| 4.500%, 02/01/25 |
73,786 | 77,518 | ||||||
| 4.500%, 03/01/25 |
56,195 | 59,063 | ||||||
| 4.500%, 04/01/25 |
36,161 | 37,884 | ||||||
| 4.500%, 05/01/25 |
108,667 | 114,569 | ||||||
| 4.500%, 06/01/25 |
8,804 | 9,274 | ||||||
| 4.500%, 07/01/25 |
632,400 | 671,923 | ||||||
| 4.500%, 08/01/25 |
11,009 | 11,610 | ||||||
| Agency Sponsored Mortgage - Backed—(Continued) | ||||||||
| Fannie Mae 15 Yr. Pool | ||||||||
| 4.500%, 09/01/25 |
31,576 | 33,210 | ||||||
| 4.500%, 11/01/25 |
32,686 | 34,621 | ||||||
| 4.500%, 04/01/26 |
1,917 | 2,026 | ||||||
| 4.500%, 01/01/27 |
5,757 | 6,027 | ||||||
| 5.500%, 03/01/22 |
1,294 | 1,298 | ||||||
| 5.500%, 04/01/22 |
2,455 | 2,463 | ||||||
| 5.500%, 07/01/22 |
7,836 | 7,916 | ||||||
| 5.500%, 10/01/22 |
11,219 | 11,333 | ||||||
| 5.500%, 11/01/22 |
3,825 | 3,855 | ||||||
| 5.500%, 12/01/22 |
5,485 | 5,533 | ||||||
| 5.500%, 02/01/23 |
9,896 | 10,081 | ||||||
| 5.500%, 03/01/23 |
918 | 934 | ||||||
| 5.500%, 07/01/23 |
1,399 | 1,429 | ||||||
| 5.500%, 08/01/23 |
4,445 | 4,572 | ||||||
| 5.500%, 10/01/23 |
5,724 | 5,813 | ||||||
| 5.500%, 12/01/23 |
779 | 789 | ||||||
| 5.500%, 01/01/24 |
957 | 986 | ||||||
| 5.500%, 03/01/24 |
4,261 | 4,372 | ||||||
| 5.500%, 09/01/24 |
3,667 | 3,696 | ||||||
| 5.500%, 01/01/25 |
75,724 | 78,064 | ||||||
| 5.500%, 05/01/25 |
2,600 | 2,657 | ||||||
| Fannie Mae 20 Yr. Pool | ||||||||
| 3.500%, 04/01/40 |
535,449 | 569,002 | ||||||
| 3.500%, 05/01/40 |
6,362,775 | 6,761,494 | ||||||
| 4.000%, 04/01/29 |
19,589 | 21,083 | ||||||
| 4.000%, 05/01/29 |
60,188 | 64,465 | ||||||
| 4.000%, 03/01/30 |
33,969 | 36,630 | ||||||
| 4.000%, 05/01/30 |
53,732 | 57,949 | ||||||
| 4.000%, 08/01/30 |
45,677 | 49,265 | ||||||
| 4.000%, 09/01/30 |
37,169 | 40,081 | ||||||
| 4.000%, 10/01/30 |
1,359 | 1,466 | ||||||
| 4.000%, 11/01/30 |
165,760 | 179,503 | ||||||
| 4.000%, 12/01/30 |
22,146 | 23,909 | ||||||
| 4.000%, 06/01/31 |
3,498 | 3,791 | ||||||
| 4.000%, 09/01/31 |
77,529 | 84,201 | ||||||
| 4.000%, 11/01/31 |
3,476 | 3,724 | ||||||
| 4.500%, 01/01/25 |
1,536 | 1,658 | ||||||
| 4.500%, 04/01/31 |
14,915 | 16,313 | ||||||
| 5.500%, 06/01/27 |
4,017 | 4,483 | ||||||
| 5.500%, 12/01/27 |
32,413 | 36,198 | ||||||
| 5.500%, 03/01/28 |
16,037 | 17,946 | ||||||
| 5.500%, 04/01/28 |
35,801 | 39,946 | ||||||
| 5.500%, 05/01/28 |
18,973 | 21,232 | ||||||
| 5.500%, 10/01/28 |
7,548 | 8,447 | ||||||
| 5.500%, 12/01/28 |
2,974 | 3,327 | ||||||
| 5.500%, 01/01/29 |
34,379 | 38,465 | ||||||
| 5.500%, 07/01/29 |
37,125 | 41,464 | ||||||
| 5.500%, 10/01/29 |
102,894 | 115,120 | ||||||
| 5.500%, 04/01/30 |
55,961 | 62,531 | ||||||
| 6.000%, 06/01/26 |
2,685 | 3,009 | ||||||
| 6.000%, 07/01/26 |
22,965 | 25,744 | ||||||
| 6.000%, 08/01/26 |
4,325 | 4,849 | ||||||
| 6.000%, 12/01/26 |
4,157 | 4,661 | ||||||
| 6.000%, 10/01/28 |
15,309 | 17,174 | ||||||
BHFTI-298
Brighthouse Funds Trust I
PIMCO Total Return Portfolio
Schedule of Investments as of September 30, 2021 (Unaudited)
U.S. Treasury & Government Agencies—(Continued)
| Security Description | Principal Amount* |
Value | ||||||
| Agency Sponsored Mortgage - Backed—(Continued) | ||||||||
| Fannie Mae 30 Yr. Pool | ||||||||
| 3.000%, 08/01/49 |
3,601,034 | $ | 3,890,372 | |||||
| 4.000%, 05/01/34 |
66,533 | 72,004 | ||||||
| 4.000%, 05/01/35 |
32,558 | 35,729 | ||||||
| 4.000%, 01/01/41 |
29,374 | 32,578 | ||||||
| 4.000%, 12/01/43 |
261,236 | 288,811 | ||||||
| 4.500%, 04/01/39 |
18,749 | 20,946 | ||||||
| 4.500%, 05/01/39 |
31,249 | 35,035 | ||||||
| 4.500%, 12/01/39 |
5,483 | 6,130 | ||||||
| 4.500%, 05/01/40 |
12,171 | 13,525 | ||||||
| 4.500%, 09/01/40 |
15,267 | 17,116 | ||||||
| 4.500%, 12/01/40 |
34,350 | 38,117 | ||||||
| 4.500%, 02/01/41 |
89,465 | 97,619 | ||||||
| 4.500%, 07/01/41 |
6,387 | 6,957 | ||||||
| 4.500%, 09/01/41 |
162,685 | 175,962 | ||||||
| 4.500%, 03/01/42 |
28,415 | 31,696 | ||||||
| 4.500%, 07/01/42 |
98,518 | 106,527 | ||||||
| 5.000%, 03/01/32 |
943 | 1,034 | ||||||
| 5.000%, 04/01/33 |
45,233 | 49,638 | ||||||
| 5.000%, 07/01/33 |
53,065 | 60,301 | ||||||
| 5.000%, 08/01/33 |
1,058 | 1,199 | ||||||
| 5.000%, 09/01/33 |
965 | 1,099 | ||||||
| 5.000%, 10/01/33 |
9,598 | 10,931 | ||||||
| 5.000%, 11/01/33 |
207 | 229 | ||||||
| 5.000%, 01/01/34 |
46,355 | 50,940 | ||||||
| 5.000%, 04/01/34 |
63,742 | 72,150 | ||||||
| 5.000%, 06/01/34 |
1,554 | 1,716 | ||||||
| 5.000%, 12/01/34 |
14,036 | 15,436 | ||||||
| 5.000%, 01/01/35 |
24,278 | 26,726 | ||||||
| 5.000%, 04/01/35 |
22 | 25 | ||||||
| 5.000%, 07/01/35 |
22,743 | 25,001 | ||||||
| 5.000%, 01/01/38 |
71,960 | 82,066 | ||||||
| 5.000%, 04/01/39 |
11,452 | 13,093 | ||||||
| 5.000%, 10/01/39 |
2,939 | 3,313 | ||||||
| 5.000%, 11/01/39 |
10,001 | 11,318 | ||||||
| 5.000%, 06/01/40 |
10,699 | 11,765 | ||||||
| 5.000%, 11/01/42 |
39,894 | 43,827 | ||||||
| 5.500%, 12/01/28 |
6,674 | 7,454 | ||||||
| 5.500%, 06/01/33 |
28,537 | 32,864 | ||||||
| 5.500%, 07/01/33 |
5,152 | 5,936 | ||||||
| 5.500%, 09/01/33 |
114,354 | 130,317 | ||||||
| 5.500%, 11/01/33 |
102,565 | 114,713 | ||||||
| 5.500%, 12/01/33 |
706 | 807 | ||||||
| 5.500%, 04/01/34 |
1,152 | 1,326 | ||||||
| 5.500%, 07/01/34 |
7,560 | 8,460 | ||||||
| 5.500%, 08/01/34 |
164,274 | 189,571 | ||||||
| 5.500%, 09/01/34 |
2,067 | 2,390 | ||||||
| 5.500%, 11/01/34 |
155,409 | 179,712 | ||||||
| 5.500%, 12/01/34 |
374,428 | 433,769 | ||||||
| 5.500%, 01/01/35 |
134,486 | 155,732 | ||||||
| 5.500%, 02/01/35 |
176,501 | 204,384 | ||||||
| 5.500%, 03/01/35 |
280,886 | 325,428 | ||||||
| 5.500%, 04/01/35 |
44,600 | 49,915 | ||||||
| 5.500%, 05/01/35 |
65,953 | 76,544 | ||||||
| 5.500%, 06/01/35 |
104,311 | 121,128 | ||||||
| 5.500%, 08/01/35 |
101,073 | 117,343 | ||||||
| Agency Sponsored Mortgage - Backed—(Continued) | ||||||||
| Fannie Mae 30 Yr. Pool | ||||||||
| 5.500%, 09/01/35 |
1,049,940 | 1,218,658 | ||||||
| 5.500%, 10/01/35 |
95,178 | 110,497 | ||||||
| 5.500%, 12/01/35 |
486,865 | 563,654 | ||||||
| 5.500%, 01/01/36 |
109,587 | 127,266 | ||||||
| 5.500%, 03/01/36 |
115,019 | 133,682 | ||||||
| 5.500%, 05/01/36 |
940 | 1,092 | ||||||
| 5.500%, 07/01/36 |
486,021 | 563,276 | ||||||
| 5.500%, 09/01/36 |
58,298 | 67,443 | ||||||
| 5.500%, 11/01/36 |
35,744 | 41,486 | ||||||
| 5.500%, 12/01/36 |
1,298 | 1,451 | ||||||
| 5.500%, 02/01/37 |
772 | 893 | ||||||
| 5.500%, 05/01/37 |
8,360 | 9,485 | ||||||
| 5.500%, 08/01/37 |
413,396 | 480,497 | ||||||
| 5.500%, 01/01/38 |
3,459 | 4,036 | ||||||
| 5.500%, 02/01/38 |
97,435 | 113,423 | ||||||
| 5.500%, 03/01/38 |
528,262 | 616,537 | ||||||
| 5.500%, 05/01/38 |
921,700 | 1,075,940 | ||||||
| 5.500%, 06/01/38 |
35,186 | 40,822 | ||||||
| 5.500%, 09/01/38 |
19,892 | 22,262 | ||||||
| 5.500%, 10/01/38 |
350,824 | 407,776 | ||||||
| 5.500%, 11/01/38 |
80,289 | 93,727 | ||||||
| 5.500%, 01/01/39 |
23,474 | 27,403 | ||||||
| 5.500%, 07/01/39 |
5,965 | 6,672 | ||||||
| 5.500%, 11/01/39 |
1,019,051 | 1,202,731 | ||||||
| 5.500%, 02/01/40 |
142,733 | 164,965 | ||||||
| 5.500%, 06/01/40 |
53,950 | 60,313 | ||||||
| 5.500%, 09/01/40 |
146,804 | 171,116 | ||||||
| 5.500%, 07/01/41 |
1,691,077 | 1,971,159 | ||||||
| 5.500%, 02/01/49 |
175,296 | 195,886 | ||||||
| 6.000%, 12/01/28 |
9,584 | 10,750 | ||||||
| 6.000%, 01/01/29 |
6,728 | 7,583 | ||||||
| 6.000%, 02/01/29 |
54 | 61 | ||||||
| 6.000%, 04/01/29 |
1,180 | 1,347 | ||||||
| 6.000%, 06/01/29 |
1,823 | 2,080 | ||||||
| 6.000%, 11/01/32 |
37,140 | 41,729 | ||||||
| 6.000%, 12/01/32 |
82,922 | 94,410 | ||||||
| 6.000%, 03/01/33 |
7,875 | 9,212 | ||||||
| 6.000%, 05/01/33 |
7,938 | 9,298 | ||||||
| 6.000%, 07/01/33 |
8,548 | 10,013 | ||||||
| 6.000%, 01/01/34 |
510 | 588 | ||||||
| 6.000%, 09/01/34 |
4,696 | 5,268 | ||||||
| 6.000%, 11/01/34 |
5,260 | 5,980 | ||||||
| 6.000%, 04/01/35 |
363,823 | 425,518 | ||||||
| 6.000%, 05/01/35 |
10,078 | 11,841 | ||||||
| 6.000%, 06/01/35 |
712 | 806 | ||||||
| 6.000%, 07/01/35 |
16,082 | 18,203 | ||||||
| 6.000%, 09/01/35 |
3,457 | 4,079 | ||||||
| 6.000%, 11/01/35 |
252,911 | 284,619 | ||||||
| 6.000%, 12/01/35 |
10,022 | 11,454 | ||||||
| 6.000%, 04/01/36 |
1,358 | 1,532 | ||||||
| 6.000%, 05/01/36 |
35,817 | 41,714 | ||||||
| 6.000%, 06/01/36 |
1,281 | 1,439 | ||||||
| 6.000%, 07/01/36 |
7,029 | 7,939 | ||||||
| 6.000%, 08/01/36 |
779,530 | 921,080 | ||||||
| 6.000%, 09/01/36 |
88,678 | 103,467 | ||||||
BHFTI-299
Brighthouse Funds Trust I
PIMCO Total Return Portfolio
Schedule of Investments as of September 30, 2021 (Unaudited)
U.S. Treasury & Government Agencies—(Continued)
| Security Description | Principal Amount* |
Value | ||||||
| Agency Sponsored Mortgage - Backed—(Continued) | ||||||||
| Fannie Mae 30 Yr. Pool | ||||||||
| 6.000%, 10/01/36 |
44,327 | $ | 49,916 | |||||
| 6.000%, 11/01/36 |
15,464 | 17,892 | ||||||
| 6.000%, 12/01/36 |
7,825 | 8,781 | ||||||
| 6.000%, 01/01/37 |
70,145 | 80,471 | ||||||
| 6.000%, 02/01/37 |
202,500 | 239,288 | ||||||
| 6.000%, 04/01/37 |
38,930 | 44,794 | ||||||
| 6.000%, 05/01/37 |
20,038 | 22,514 | ||||||
| 6.000%, 07/01/37 |
12,841 | 15,164 | ||||||
| 6.000%, 08/01/37 |
27,288 | 31,338 | ||||||
| 6.000%, 11/01/37 |
21,317 | 24,688 | ||||||
| 6.000%, 02/01/38 |
243,186 | 287,165 | ||||||
| 6.000%, 03/01/38 |
4,817 | 5,692 | ||||||
| 6.000%, 08/01/38 |
7,737 | 8,835 | ||||||
| 6.000%, 09/01/38 |
349,029 | 412,467 | ||||||
| 6.000%, 10/01/38 |
31,704 | 37,467 | ||||||
| 6.000%, 11/01/38 |
7,550 | 8,477 | ||||||
| 6.000%, 01/01/39 |
35,392 | 41,823 | ||||||
| 6.000%, 04/01/39 |
228,336 | 269,840 | ||||||
| 6.000%, 07/01/39 |
41,769 | 49,355 | ||||||
| 6.000%, 08/01/39 |
203,039 | 236,304 | ||||||
| 6.000%, 05/01/49 |
1,717,627 | 1,948,633 | ||||||
| 8.000%, 10/01/25 |
374 | 402 | ||||||
| Fannie Mae ARM Pool | ||||||||
| 1.299%, 12M MTA + 1.200%, 08/01/41 (a) |
69,176 | 69,937 | ||||||
| 1.299%, 12M MTA + 1.200%, 07/01/42 (a) |
148,576 | 151,239 | ||||||
| 1.299%, 12M MTA + 1.200%, 08/01/42 (a) |
143,463 | 146,137 | ||||||
| 1.299%, 12M MTA + 1.200%, 10/01/44 (a) |
158,181 | 161,417 | ||||||
| 1.349%, 12M MTA + 1.250%, 09/01/41 (a) |
392,627 | 399,140 | ||||||
| 1.498%, 6M LIBOR + 1.373%, 09/01/35 (a) |
557,624 | 562,650 | ||||||
| 1.626%, 6M LIBOR + 1.412%, 06/01/33 (a) |
11,865 | 12,228 | ||||||
| 1.670%, 12M LIBOR + 1.295%, 12/01/34 (a) |
418,721 | 435,415 | ||||||
| 1.720%, 12M LIBOR + 1.345%, 12/01/34 (a) |
263,916 | 274,941 | ||||||
| 1.730%, 6M LIBOR + 1.605%, 08/01/36 (a) |
15,633 | 15,737 | ||||||
| 1.731%, 12M LIBOR + 1.356%, 03/01/35 (a) |
12,641 | 13,186 | ||||||
| 1.758%, 6M LIBOR + 1.513%, 01/01/35 (a) |
52,508 | 54,449 | ||||||
| 1.788%, 6M LIBOR + 1.538%, 01/01/36 (a) |
5,573 | 5,575 | ||||||
| 1.846%, 12M LIBOR + 1.346%, 11/01/34 (a) |
2,707 | 2,729 | ||||||
| 1.870%, 12M MTA + 1.769%, 11/01/35 (a) |
88,667 | 92,167 | ||||||
| 1.892%, 12M LIBOR + 1.517%, 01/01/35 (a) |
23,981 | 25,155 | ||||||
| 1.910%, 12M LIBOR + 1.660%, 05/01/34 (a) |
238,304 | 239,997 | ||||||
| 1.925%, 12M LIBOR + 1.603%, 05/01/35 (a) |
18,584 | 19,554 | ||||||
| 1.931%, 12M LIBOR + 1.556%, 01/01/35 (a) |
16,118 | 16,925 | ||||||
| 1.951%, 12M LIBOR + 1.618%, 03/01/33 (a) |
1,518 | 1,525 | ||||||
| 1.969%, 12M LIBOR + 1.594%, 01/01/35 (a) |
20,734 | 21,801 | ||||||
| 2.000%, 12M LIBOR + 1.750%, 08/01/35 (a) |
156,264 | 165,008 | ||||||
| 2.007%, 12M LIBOR + 1.633%, 02/01/35 (a) |
12,403 | 13,059 | ||||||
| 2.010%, 12M LIBOR + 1.631%, 01/01/35 (a) |
5,841 | 5,956 | ||||||
| 2.025%, 1Y H15 + 1.900%, 02/01/31 (a) |
103,693 | 103,627 | ||||||
| 2.041%, 12M LIBOR + 1.575%, 10/01/34 (a) |
5,191 | 5,212 | ||||||
| 2.091%, 12M LIBOR + 1.672%, 12/01/34 (a) |
15,643 | 16,471 | ||||||
| 2.138%, 12M LIBOR + 1.693%, 09/01/32 (a) |
53,301 | 53,314 | ||||||
| 2.140%, 1Y H15 + 2.067%, 10/01/28 (a) |
52,536 | 52,515 | ||||||
| 2.154%, 1Y H15 + 2.153%, 07/01/32 (a) |
14,301 | 14,257 | ||||||
| 2.158%, 12M LIBOR + 1.670%, 11/01/34 (a) |
27,008 | 28,446 | ||||||
| 2.185%, 12M LIBOR + 1.810%, 04/01/35 (a) |
29,599 | 31,323 | ||||||
| Agency Sponsored Mortgage - Backed—(Continued) | ||||||||
| Fannie Mae ARM Pool | ||||||||
| 2.223%, 1Y H15 + 2.223%, 08/01/35 (a) |
77,236 | 81,160 | ||||||
| 2.236%, 1Y H15 + 2.160%, 11/01/35 (a) |
110,460 | 118,452 | ||||||
| 2.239%, 1Y H15 + 2.095%, 10/01/35 (a) |
48,658 | 49,148 | ||||||
| 2.278%, 1Y H15 + 2.195%, 07/01/33 (a) |
7,554 | 7,866 | ||||||
| 2.310%, 12M LIBOR + 1.810%, 09/01/34 (a) |
289,375 | 305,527 | ||||||
| 2.317%, 1Y H15 + 2.215%, 09/01/31 (a) |
20,549 | 20,594 | ||||||
| 2.321%, 1Y H15 + 2.195%, 02/01/35 (a) |
24,497 | 26,130 | ||||||
| 2.385%, 12M LIBOR + 1.885%, 11/01/32 (a) |
20,854 | 21,043 | ||||||
| 2.391%, 1Y H15 + 2.311%, 04/01/34 (a) |
2,367 | 2,514 | ||||||
| 2.422%, 1Y H15 + 2.360%, 11/01/34 (a) |
641,968 | 682,550 | ||||||
| 2.438%, 1Y H15 + 2.313%, 05/01/35 (a) |
110,433 | 117,774 | ||||||
| 4.032%, COFI + 1.926%, 12/01/36 (a) |
41,416 | 44,200 | ||||||
| 4.929%, COFI + 1.732%, 09/01/34 (a) |
6,324 | 6,700 | ||||||
| Fannie Mae Pool | ||||||||
| 2.310%, 08/01/22 |
7,855,465 | 7,916,198 | ||||||
| Fannie Mae REMICS (CMO) | ||||||||
| 0.487%, 1M LIBOR + 0.400%, 09/18/31 (a) |
79,936 | 80,185 | ||||||
| 0.986%, 1M LIBOR + 0.900%, 04/25/32 (a) |
27,084 | 27,400 | ||||||
| 1.947%, 05/25/35 (a) |
313,492 | 319,880 | ||||||
| Fannie Mae-Aces | ||||||||
| 2.358%, 01/25/31 (a) (b) |
21,200,000 | 2,881,763 | ||||||
| Freddie Mac 10 Yr. Pool | ||||||||
| 3.500%, 10/01/23 |
8,112 | 8,647 | ||||||
| Freddie Mac 15 Yr. Pool | ||||||||
| 3.500%, 12/01/26 |
59,504 | 63,513 | ||||||
| 3.500%, 05/01/32 |
134,801 | 144,588 | ||||||
| 3.500%, 07/01/33 |
340,562 | 364,796 | ||||||
| 3.500%, 08/01/33 |
10,580 | 11,320 | ||||||
| 3.500%, 09/01/33 |
447,175 | 478,026 | ||||||
| 3.500%, 11/01/33 |
922,302 | 984,142 | ||||||
| 3.500%, 01/01/34 |
98,108 | 104,946 | ||||||
| 3.500%, 02/01/34 |
173,329 | 185,463 | ||||||
| 3.500%, 04/01/34 |
1,547,259 | 1,656,937 | ||||||
| 3.500%, 05/01/34 |
672,943 | 719,972 | ||||||
| 3.500%, 10/01/34 |
147,287 | 157,781 | ||||||
| 3.500%, 11/01/34 |
61,216 | 65,402 | ||||||
| 3.500%, 03/01/35 |
214,131 | 228,734 | ||||||
| 4.000%, 11/01/33 |
1,135,688 | 1,203,555 | ||||||
| Freddie Mac 20 Yr. Gold Pool |
38,141 | 41,145 | ||||||
| 4.000%, 09/01/30 |
168,797 | 182,107 | ||||||
| 4.000%, 10/01/30 |
9,547 | 10,300 | ||||||
| 5.500%, 12/01/22 |
53 | 59 | ||||||
| 5.500%, 03/01/23 |
16,000 | 17,852 | ||||||
| 5.500%, 06/01/26 |
613 | 684 | ||||||
| 5.500%, 08/01/26 |
403 | 450 | ||||||
| 5.500%, 06/01/27 |
14,529 | 16,230 | ||||||
| 5.500%, 12/01/27 |
20,292 | 22,700 | ||||||
| 5.500%, 01/01/28 |
14,961 | 16,744 | ||||||
| 5.500%, 02/01/28 |
3,214 | 3,597 | ||||||
| 5.500%, 05/01/28 |
32,939 | 37,030 | ||||||
| 5.500%, 06/01/28 |
57,280 | 64,064 | ||||||
| 6.000%, 01/01/22 |
2,241 | 2,511 | ||||||
| 6.000%, 10/01/22 |
35,605 | 39,888 | ||||||
| 6.000%, 04/01/23 |
3,024 | 3,388 | ||||||
BHFTI-300
Brighthouse Funds Trust I
PIMCO Total Return Portfolio
Schedule of Investments as of September 30, 2021 (Unaudited)
U.S. Treasury & Government Agencies—(Continued)
| Security Description | Principal Amount* |
Value | ||||||
| Agency Sponsored Mortgage - Backed—(Continued) | ||||||||
| Freddie Mac 20 Yr. Pool |
1,480,448 | $ | 1,658,057 | |||||
| Freddie Mac 30 Yr. Gold Pool | ||||||||
| 4.000%, 12/01/40 |
156,561 | 172,990 | ||||||
| 4.500%, 04/01/34 |
9,209 | 10,246 | ||||||
| 4.500%, 06/01/35 |
31,409 | 34,954 | ||||||
| 4.500%, 04/01/41 |
71,149 | 79,454 | ||||||
| 4.500%, 10/01/41 |
43,954 | 47,807 | ||||||
| 5.500%, 01/01/33 |
648 | 747 | ||||||
| 5.500%, 05/01/33 |
696 | 795 | ||||||
| 5.500%, 08/01/33 |
1,176 | 1,355 | ||||||
| 5.500%, 10/01/33 |
1,663 | 1,867 | ||||||
| 5.500%, 01/01/34 |
977 | 1,129 | ||||||
| 5.500%, 09/01/34 |
15,321 | 17,473 | ||||||
| 5.500%, 01/01/35 |
15,606 | 18,066 | ||||||
| 5.500%, 07/01/35 |
906 | 1,045 | ||||||
| 5.500%, 10/01/35 |
9,275 | 10,372 | ||||||
| 5.500%, 11/01/35 |
34,668 | 39,006 | ||||||
| 5.500%, 12/01/35 |
24,499 | 28,483 | ||||||
| 5.500%, 01/01/36 |
15,034 | 17,378 | ||||||
| 5.500%, 02/01/36 |
14,319 | 16,012 | ||||||
| 5.500%, 04/01/36 |
8,615 | 9,851 | ||||||
| 5.500%, 06/01/36 |
733,961 | 851,478 | ||||||
| 5.500%, 07/01/36 |
15,981 | 18,579 | ||||||
| 5.500%, 08/01/36 |
32,737 | 36,742 | ||||||
| 5.500%, 10/01/36 |
7,173 | 8,184 | ||||||
| 5.500%, 12/01/36 |
110,454 | 128,561 | ||||||
| 5.500%, 02/01/37 |
9,185 | 10,572 | ||||||
| 5.500%, 03/01/37 |
7,659 | 8,876 | ||||||
| 5.500%, 04/01/37 |
28,058 | 31,612 | ||||||
| 5.500%, 06/01/37 |
47,541 | 54,845 | ||||||
| 5.500%, 07/01/37 |
95,600 | 111,411 | ||||||
| 5.500%, 08/01/37 |
36,325 | 42,387 | ||||||
| 5.500%, 09/01/37 |
6,397 | 7,465 | ||||||
| 5.500%, 10/01/37 |
4,730 | 5,521 | ||||||
| 5.500%, 11/01/37 |
113,551 | 132,496 | ||||||
| 5.500%, 12/01/37 |
6,058 | 6,971 | ||||||
| 5.500%, 01/01/38 |
36,792 | 42,951 | ||||||
| 5.500%, 02/01/38 |
92,887 | 108,421 | ||||||
| 5.500%, 03/01/38 |
41,163 | 47,653 | ||||||
| 5.500%, 04/01/38 |
92,128 | 107,110 | ||||||
| 5.500%, 05/01/38 |
42,500 | 49,618 | ||||||
| 5.500%, 06/01/38 |
145,306 | 169,500 | ||||||
| 5.500%, 07/01/38 |
185,717 | 216,517 | ||||||
| 5.500%, 08/01/38 |
492,823 | 575,056 | ||||||
| 5.500%, 09/01/38 |
131,023 | 152,840 | ||||||
| 5.500%, 10/01/38 |
3,969,560 | 4,627,757 | ||||||
| 5.500%, 11/01/38 |
1,519,233 | 1,773,244 | ||||||
| 5.500%, 12/01/38 |
5,368 | 6,004 | ||||||
| 5.500%, 01/01/39 |
329,997 | 385,216 | ||||||
| 5.500%, 02/01/39 |
60,690 | 69,017 | ||||||
| 5.500%, 03/01/39 |
35,438 | 41,366 | ||||||
| 5.500%, 06/01/39 |
1,166,393 | 1,359,954 | ||||||
| 5.500%, 09/01/39 |
28,638 | 33,300 | ||||||
| 5.500%, 02/01/40 |
38,065 | 44,397 | ||||||
| 5.500%, 03/01/40 |
6,032 | 7,035 | ||||||
| Agency Sponsored Mortgage - Backed—(Continued) | ||||||||
| Freddie Mac 30 Yr. Gold Pool | ||||||||
| 5.500%, 05/01/40 |
1,227 | 1,431 | ||||||
| 5.500%, 08/01/40 |
39,349 | 45,879 | ||||||
| Freddie Mac ARM Non-Gold Pool |
68,009 | 70,959 | ||||||
| 1.996%, 12M LIBOR + 1.621%, 02/01/35 (a) |
6,956 | 7,167 | ||||||
| 2.000%, 12M LIBOR + 1.625%, 02/01/35 (a) |
19,174 | 19,991 | ||||||
| 2.052%, 12M LIBOR + 1.677%, 01/01/35 (a) |
8,185 | 8,460 | ||||||
| 2.053%, 12M LIBOR + 1.678%, 02/01/35 (a) |
9,682 | 10,022 | ||||||
| 2.233%, 1Y H15 + 2.108%, 02/01/35 (a) |
19,779 | 21,153 | ||||||
| 2.236%, 1Y H15 + 2.107%, 10/01/34 (a) |
19,222 | 20,540 | ||||||
| 2.276%, 12M LIBOR + 1.901%, 02/01/35 (a) |
18,626 | 19,754 | ||||||
| 2.303%, 12M LIBOR + 1.900%, 11/01/34 (a) |
7,982 | 8,370 | ||||||
| 2.334%, 1Y H15 + 2.214%, 09/01/35 (a) |
91,423 | 95,675 | ||||||
| 2.355%, 1Y H15 + 2.250%, 08/01/35 (a) |
96,185 | 102,550 | ||||||
| 2.362%, 1Y H15 + 2.250%, 06/01/35 (a) |
268,033 | 285,837 | ||||||
| 2.373%, 1Y H15 + 2.250%, 01/01/35 (a) |
57,647 | 61,428 | ||||||
| 2.375%, 1Y H15 + 2.250%, 11/01/34 (a) |
29,214 | 31,114 | ||||||
| 2.375%, 1Y H15 + 2.250%, 02/01/35 (a) |
22,189 | 23,648 | ||||||
| 2.389%, 12M LIBOR + 1.890%, 11/01/34 (a) |
12,635 | 13,387 | ||||||
| 2.400%, 12M LIBOR + 1.900%, 11/01/34 (a) |
2,818 | 2,820 | ||||||
| 2.404%, 1Y H15 + 2.250%, 11/01/31 (a) |
6,562 | 6,608 | ||||||
| 2.586%, 12M LIBOR + 1.961%, 08/01/32 (a) |
35,699 | 35,793 | ||||||
| 2.657%, 1Y H15 + 2.472%, 01/01/29 (a) |
116,919 | 117,109 | ||||||
| Freddie Mac Multifamily Structured Pass-Through Certificates |
38,215,052 | 324,713 | ||||||
| Freddie Mac REMICS (CMO) |
15,513 | 15,494 | ||||||
| 1.875%, PRIME - 1.375%, 11/15/23 (a) |
42,392 | 42,729 | ||||||
| 3.500%, 01/15/42 |
11,710,825 | 12,202,084 | ||||||
| 6.500%, 01/15/24 |
3,082 | 3,248 | ||||||
| Freddie Mac Structured Pass-Through Certificates (CMO) |
430,047 | 441,047 | ||||||
| 1.299%, 12M MTA + 1.200%, 02/25/45 (a) |
37,954 | 38,208 | ||||||
| 1.492%, 12M MTA + 1.400%, 07/25/44 (a) |
2,116,927 | 2,180,293 | ||||||
| Ginnie Mae I 30 Yr. Pool | ||||||||
| 3.000%, 11/15/49 |
3,338,343 | 3,486,058 | ||||||
| 4.000%, TBA (c) |
11,000,000 | 11,787,402 | ||||||
| 5.000%, 10/15/33 |
4,623 | 5,232 | ||||||
| 5.000%, 12/15/33 |
13,136 | 15,067 | ||||||
| 5.000%, 05/15/34 |
3,679 | 4,269 | ||||||
| 5.000%, 07/15/34 |
595 | 673 | ||||||
| 5.000%, 11/15/35 |
1,520 | 1,721 | ||||||
| 5.000%, 03/15/36 |
1,069 | 1,231 | ||||||
| 5.000%, 10/15/38 |
274,815 | 318,453 | ||||||
| 5.000%, 02/15/39 |
44,101 | 51,133 | ||||||
| 5.000%, 03/15/39 |
77,079 | 89,529 | ||||||
| 5.000%, 04/15/39 |
471,991 | 547,857 | ||||||
| 5.000%, 05/15/39 |
1,313,375 | 1,518,320 | ||||||
| 5.000%, 06/15/39 |
428,238 | 496,550 | ||||||
| 5.000%, 09/15/39 |
157,756 | 183,143 | ||||||
| 5.000%, 05/15/40 |
14,052 | 16,306 | ||||||
| 5.000%, 09/15/40 |
147,629 | 171,028 | ||||||
| 5.000%, 12/15/40 |
11,359 | 13,184 | ||||||
| 5.000%, 09/15/47 |
39,702 | 44,910 | ||||||
| 5.000%, TBA (c) |
15,000,000 | 16,961,719 | ||||||
BHFTI-301
Brighthouse Funds Trust I
PIMCO Total Return Portfolio
Schedule of Investments as of September 30, 2021 (Unaudited)
U.S. Treasury & Government Agencies—(Continued)
| Security Description | Principal Amount* |
Value | ||||||
| Agency Sponsored Mortgage - Backed—(Continued) | ||||||||
| Ginnie Mae I 30 Yr. Pool | ||||||||
| 7.000%, 10/15/23 |
326 | $ | 327 | |||||
| 7.500%, 01/15/26 |
930 | 949 | ||||||
| Ginnie Mae II 30 Yr. Pool |
21,785 | 23,234 | ||||||
| 5.000%, 06/20/49 |
122,098 | 131,775 | ||||||
| 5.000%, 07/20/49 |
247,205 | 266,854 | ||||||
| Ginnie Mae II ARM Pool |
4,662 | 4,745 | ||||||
| 1.875%, 1Y H15 + 1.500%, 06/20/27 (a) |
1,906 | 1,947 | ||||||
| 1.875%, 1Y H15 + 1.500%, 05/20/28 (a) |
2,329 | 2,383 | ||||||
| 1.875%, 1Y H15 + 1.500%, 05/20/29 (a) |
3,225 | 3,318 | ||||||
| 1.875%, 1Y H15 + 1.500%, 06/20/30 (a) |
4,006 | 4,152 | ||||||
| 1.875%, 1Y H15 + 1.500%, 04/20/31 (a) |
3,328 | 3,423 | ||||||
| 1.875%, 1Y H15 + 1.500%, 04/20/32 (a) |
3,171 | 3,246 | ||||||
| 1.875%, 1Y H15 + 1.500%, 05/20/32 (a) |
5,389 | 5,488 | ||||||
| 2.000%, 1Y H15 + 1.500%, 02/20/22 (a) |
229 | 230 | ||||||
| 2.000%, 1Y H15 + 1.500%, 04/20/22 (a) |
22 | 22 | ||||||
| 2.000%, 1Y H15 + 1.500%, 01/20/23 (a) |
1,647 | 1,669 | ||||||
| 2.000%, 1Y H15 + 1.500%, 02/20/26 (a) |
2,949 | 2,997 | ||||||
| 2.000%, 1Y H15 + 1.500%, 01/20/27 (a) |
1,600 | 1,614 | ||||||
| 2.000%, 1Y H15 + 1.500%, 02/20/28 (a) |
3,959 | 4,001 | ||||||
| 2.000%, 1Y H15 + 1.500%, 03/20/28 (a) |
5,550 | 5,619 | ||||||
| 2.000%, 1Y H15 + 1.500%, 01/20/30 (a) |
12,529 | 12,959 | ||||||
| 2.000%, 1Y H15 + 1.500%, 04/20/30 (a) |
5,220 | 5,361 | ||||||
| 2.000%, 1Y H15 + 1.500%, 05/20/30 (a) |
12,367 | 12,936 | ||||||
| 2.000%, 1Y H15 + 1.500%, 03/20/32 (a) |
189 | 196 | ||||||
| 2.000%, 1Y H15 + 1.500%, 03/20/33 (a) |
1,668 | 1,734 | ||||||
| 2.125%, 1Y H15 + 1.500%, 11/20/27 (a) |
5,153 | 5,238 | ||||||
| 2.125%, 1Y H15 + 1.500%, 10/20/28 (a) |
346 | 349 | ||||||
| 2.125%, 1Y H15 + 1.500%, 10/20/29 (a) |
2,526 | 2,614 | ||||||
| 2.125%, 1Y H15 + 1.500%, 11/20/30 (a) |
12,391 | 12,512 | ||||||
| 2.250%, 1Y H15 + 1.500%, 08/20/27 (a) |
12,580 | 12,739 | ||||||
| 2.250%, 1Y H15 + 1.500%, 09/20/27 (a) |
40,478 | 40,898 | ||||||
| 2.250%, 1Y H15 + 1.500%, 07/20/29 (a) |
3,843 | 3,969 | ||||||
| 2.250%, 1Y H15 + 1.500%, 08/20/29 (a) |
3,843 | 3,972 | ||||||
| 2.250%, 1Y H15 + 1.500%, 09/20/29 (a) |
4,240 | 4,261 | ||||||
| 2.250%, 1Y H15 + 1.500%, 08/20/31 (a) |
981 | 1,017 | ||||||
| 2.250%, 1Y H15 + 1.500%, 07/20/32 (a) |
3,240 | 3,266 | ||||||
| 2.250%, 1Y H15 + 1.500%, 09/20/33 (a) |
20,600 | 21,423 | ||||||
| 2.500%, 1Y H15 + 1.500%, 11/20/26 (a) |
7,463 | 7,526 | ||||||
| 2.500%, 1Y H15 + 1.500%, 10/20/30 (a) |
2,069 | 2,084 | ||||||
| 2.625%, 1Y H15 + 2.000%, 10/20/31 (a) |
4,230 | 4,248 | ||||||
| Government National Mortgage Association (CMO) |
141,871 | 141,909 | ||||||
| 0.690%, 1M LIBOR + 0.600%, 08/20/65 (a) |
2,609,552 | 2,626,518 | ||||||
| 0.690%, 1M LIBOR + 0.600%, 10/20/65 (a) |
5,304,591 | 5,336,360 | ||||||
| 0.740%, 1M LIBOR + 0.650%, 06/20/66 (a) |
3,800,151 | 3,822,401 | ||||||
| 0.940%, 1M LIBOR + 0.850%, 09/20/66 (a) |
6,600,377 | 6,700,692 | ||||||
| 1.032%, 12M LIBOR + 0.800%, 09/20/67 (a) |
7,273,178 | 7,376,066 | ||||||
| 1.090%, 1M LIBOR + 1.000%, 12/20/65 (a) |
17,908,697 | 18,244,213 | ||||||
| 1.090%, 1M LIBOR + 1.000%, 01/20/67 (a) |
8,004,271 | 8,165,681 | ||||||
| 2.724%, 09/20/66 (a) |
9,190,473 | 9,700,407 | ||||||
| Uniform Mortgage-Backed Securities 15 Yr. Pool |
97,000,000 | 99,706,836 | ||||||
| 4.500%, TBA (c) |
100,000 | 104,730 | ||||||
| Agency Sponsored Mortgage - Backed—(Continued) | ||||||||
| Uniform Mortgage-Backed Securities 30 Yr. Pool |
530,483,000 | 531,796,786 | ||||||
| 2.500%, TBA (c) |
32,000,000 | 32,931,250 | ||||||
| 3.500%, TBA (c) |
66,312,000 | 70,212,951 | ||||||
|
|
|
|||||||
| 949,935,032 | ||||||||
|
|
|
|||||||
| U.S. Treasury—21.9% | ||||||||
| U.S. Treasury Bonds |
62,400,000 | 56,052,750 | ||||||
| 1.375%, 08/15/50 |
96,600,000 | 81,513,796 | ||||||
| 1.625%, 11/15/50 |
43,500,000 | 39,080,332 | ||||||
| 1.875%, 02/15/41 |
16,900,000 | 16,530,313 | ||||||
| 2.000%, 02/15/50 |
9,600,000 | 9,431,250 | ||||||
| 2.750%, 08/15/42 |
39,000,000 | 43,888,711 | ||||||
| 2.750%, 11/15/42 |
19,800,000 | 22,264,945 | ||||||
| 2.875%, 05/15/43 |
83,700,000 | 96,055,559 | ||||||
| 2.875%, 08/15/45 |
17,200,000 | 19,832,406 | ||||||
| 3.125%, 02/15/42 |
15,800,000 | 18,850,758 | ||||||
| 3.125%, 08/15/44 |
116,300,000 | 139,182,933 | ||||||
| 3.375%, 05/15/44 |
18,000,000 | 22,372,735 | ||||||
| 4.250%, 05/15/39 |
9,600,000 | 13,086,000 | ||||||
| 4.375%, 11/15/39 |
57,100,000 | 79,128,109 | ||||||
| 4.500%, 08/15/39 |
15,100,000 | 21,207,832 | ||||||
| 4.625%, 02/15/40 |
12,800,000 | 18,295,500 | ||||||
| U.S. Treasury Notes |
66,900,000 | 63,487,055 | ||||||
| 1.750%, 09/30/22 (d) (e) |
20,400,000 | 20,739,469 | ||||||
| 1.750%, 06/30/24 |
38,200,000 | 39,545,953 | ||||||
| 1.875%, 07/31/22 |
102,600,000 | 104,130,985 | ||||||
| 1.875%, 08/31/22 (e) |
31,200,000 | 31,711,875 | ||||||
| 2.000%, 10/31/22 (d) (e) |
3,300,000 | 3,367,418 | ||||||
| 2.125%, 07/31/24 (e) |
24,800,000 | 25,947,000 | ||||||
| 2.125%, 09/30/24 (e) |
7,900,000 | 8,275,867 | ||||||
| 2.250%, 11/15/24 |
110,600,000 | 116,410,820 | ||||||
| 2.250%, 08/15/27 |
24,360,000 | 25,891,064 | ||||||
| 2.625%, 02/15/29 |
29,260,000 | 31,902,544 | ||||||
|
|
|
|||||||
| 1,168,183,979 | ||||||||
|
|
|
|||||||
| Total U.S. Treasury & Government Agencies |
2,118,119,011 | |||||||
|
|
|
|||||||
| Corporate Bonds & Notes—34.5% |
| |||||||
| Aerospace/Defense—0.6% | ||||||||
| Boeing Co. (The) |
13,400,000 | 13,420,034 | ||||||
| 2.750%, 02/01/26 |
15,400,000 | 16,041,232 | ||||||
| Spirit AeroSystems, Inc. |
4,100,000 | 4,161,500 | ||||||
| 4.600%, 06/15/28 |
1,600,000 | 1,588,000 | ||||||
|
|
|
|||||||
| 35,210,766 | ||||||||
|
|
|
|||||||
BHFTI-302
Brighthouse Funds Trust I
PIMCO Total Return Portfolio
Schedule of Investments as of September 30, 2021 (Unaudited)
Corporate Bonds & Notes—(Continued)
| Security Description | Principal Amount* |
Value | ||||||
| Agriculture—0.4% | ||||||||
| Imperial Brands Finance plc |
6,300,000 | $ | 6,628,779 | |||||
| 3.875%, 07/26/29 (144A) |
12,800,000 | 13,777,322 | ||||||
|
|
|
|||||||
| 20,406,101 | ||||||||
|
|
|
|||||||
| Airlines—0.4% | ||||||||
| American Airlines Pass-Through Trust |
2,538,713 | 2,585,663 | ||||||
| British Airways Pass-Through Trust |
1,551,602 | 1,569,199 | ||||||
| United Airlines Pass-Through Trust |
4,074,916 | 4,125,285 | ||||||
| 3.450%, 07/07/28 |
2,287,922 | 2,304,586 | ||||||
| 5.875%, 10/15/27 |
11,871,680 | 13,284,914 | ||||||
|
|
|
|||||||
| 23,869,647 | ||||||||
|
|
|
|||||||
| Auto Manufacturers—3.8% | ||||||||
| Daimler Finance North America LLC |
16,100,000 | 16,413,773 | ||||||
| 3.400%, 02/22/22 (144A) |
10,000,000 | 10,120,502 | ||||||
| 3.750%, 11/05/21 (144A) |
3,400,000 | 3,410,267 | ||||||
| Ford Motor Credit Co. LLC |
2,700,000 | 2,691,951 | ||||||
| 1.360%, 3M LIBOR + 1.235%, 02/15/23 (a) |
13,000,000 | 12,948,328 | ||||||
| 3.278%, 3M LIBOR + 3.140%, 01/07/22 (a) |
13,300,000 | 13,358,234 | ||||||
| 3.810%, 01/09/24 |
13,300,000 | 13,732,250 | ||||||
| 4.250%, 09/20/22 |
5,490,000 | 5,614,898 | ||||||
| General Motors Financial Co., Inc. |
1,100,000 | 1,108,202 | ||||||
| 3.550%, 07/08/22 |
8,400,000 | 8,599,964 | ||||||
| Hyundai Capital America |
13,000,000 | 13,004,765 | ||||||
| 2.100%, 09/15/28 (144A) |
13,500,000 | 13,304,845 | ||||||
| Nissan Motor Acceptance Co. LLC |
13,500,000 | 13,359,919 | ||||||
| 2.650%, 07/13/22 (144A) |
2,219,000 | 2,252,714 | ||||||
| 2.800%, 01/13/22 (144A) |
4,400,000 | 4,428,023 | ||||||
| Nissan Motor Co., Ltd. |
8,100,000 | 8,611,596 | ||||||
| 4.345%, 09/17/27 (144A) |
5,600,000 | 6,152,505 | ||||||
| 4.810%, 09/17/30 (144A) |
14,700,000 | 16,533,110 | ||||||
| Volkswagen Bank GmbH |
4,600,000 | 5,561,133 | ||||||
| 2.500%, 07/31/26 (EUR) |
3,000,000 | 3,837,414 | ||||||
| Volkswagen Group of America Finance LLC |
13,300,000 | 13,980,234 | ||||||
| 4.625%, 11/13/25 (144A) |
10,900,000 | 12,254,522 | ||||||
|
|
|
|||||||
| 201,279,149 | ||||||||
|
|
|
|||||||
| Banks—8.0% | ||||||||
| Banco Espirito Santo S.A. |
1,700,000 | 285,533 | ||||||
| 4.750%, 01/15/18 (EUR)(f) |
3,100,000 | 520,678 | ||||||
| Banks—(Continued) | ||||||||
| Bank of America Corp. |
4,800,000 | 4,806,624 | ||||||
| 4.125%, 01/22/24 |
2,130,000 | 2,302,496 | ||||||
| Barclays Bank plc |
366,000 | 392,341 | ||||||
| Barclays plc |
100,000 | 101,723 | ||||||
| 2.375%, 1Y GBP Swap + 1.597%, 10/06/23 (GBP) (a) |
2,600,000 | 3,559,069 | ||||||
| 3.125%, 01/17/24 (GBP) |
4,400,000 | 6,178,711 | ||||||
| 4.338%, 3M LIBOR + 1.356%, 05/16/24 (a) |
700,000 | 740,961 | ||||||
| 4.610%, 3M LIBOR + 1.400%, 02/15/23 (a) |
18,200,000 | 18,478,089 | ||||||
| 4.972%, 3M LIBOR + 1.902%, 05/16/29 (a) |
2,000,000 | 2,325,235 | ||||||
| BNP Paribas S.A. |
12,500,000 | 12,765,625 | ||||||
| BPCE S.A. |
17,000,000 | 18,078,598 | ||||||
| CIT Group, Inc. |
11,000,000 | 12,251,250 | ||||||
| Citigroup, Inc. |
10,600,000 | 10,659,392 | ||||||
| Cooperative Rabobank UA |
1,200,000 | 1,278,669 | ||||||
| Credit Agricole S.A. |
4,000,000 | 3,943,470 | ||||||
| Credit Suisse Group AG |
10,400,000 | 10,559,620 | ||||||
| 4.207%, 3M LIBOR + 1.240%, 06/12/24 (144A) (a) |
15,700,000 | 16,577,878 | ||||||
| 7.250%, 5Y USD ICE Swap + 4.332%, 09/12/25 (144A) (a) |
5,500,000 | 6,096,475 | ||||||
| Deutsche Bank AG |
9,500,000 | 9,801,096 | ||||||
| 3.547%, SOFR + 3.043%, 09/18/31 (a) |
13,000,000 | 13,872,579 | ||||||
| 4.250%, 10/14/21 |
7,700,000 | 7,708,296 | ||||||
| Goldman Sachs Group, Inc. (The) |
7,500,000 | 7,874,999 | ||||||
| 3.750%, 05/22/25 |
5,375,000 | 5,824,726 | ||||||
| ING Groep NV |
7,900,000 | 8,965,583 | ||||||
| JPMorgan Chase & Co. |
13,300,000 | 13,326,973 | ||||||
| Lloyds Bank plc |
13,000,000 | 10,055,689 | ||||||
| Lloyds Banking Group plc |
11,400,000 | 16,532,819 | ||||||
| Mizuho Financial Group, Inc. |
12,800,000 | 12,355,907 | ||||||
| 2.201%, SOFR + 1.772%, 07/10/31 (a) |
12,400,000 | 12,194,024 | ||||||
| 2.226%, 3M LIBOR + 0.830%, 05/25/26 (a) |
5,900,000 | 6,082,003 | ||||||
| Morgan Stanley |
9,400,000 | 9,863,138 | ||||||
| Natwest Group plc |
3,300,000 | 3,859,251 | ||||||
| 2.500%, 03/22/23 (EUR) |
11,943,000 | 14,380,429 | ||||||
| Santander Holdings U.S.A., Inc. |
4,800,000 | 5,139,607 | ||||||
BHFTI-303
Brighthouse Funds Trust I
PIMCO Total Return Portfolio
Schedule of Investments as of September 30, 2021 (Unaudited)
Corporate Bonds & Notes—(Continued)
| Security Description | Principal Amount* |
Value | ||||||
| Banks—(Continued) | ||||||||
| Santander UK Group Holdings plc |
1,000,000 | $ | 1,393,762 | |||||
| Shinhan Financial Group Co., Ltd. |
12,600,000 | 12,540,654 | ||||||
| Societe Generale S.A. |
13,900,000 | 14,838,510 | ||||||
| Standard Chartered plc |
4,400,000 | 4,448,668 | ||||||
| Sumitomo Mitsui Financial Group, Inc. |
12,500,000 | 12,600,625 | ||||||
| 1.902%, 09/17/28 |
13,500,000 | 13,341,522 | ||||||
| UBS AG |
3,600,000 | 3,814,206 | ||||||
| UBS Group AG |
10,200,000 | 11,367,524 | ||||||
| UniCredit S.p.A. |
29,700,000 | 33,821,225 | ||||||
| Virgin Money UK plc |
500,000 | 742,877 | ||||||
| Wells Fargo & Co. |
8,600,000 | 10,688,364 | ||||||
| 2.393%, SOFR + 2.100%, 06/02/28 (a) |
12,300,000 | 12,686,712 | ||||||
| 3.000%, 02/19/25 |
6,000,000 | 6,368,258 | ||||||
|
|
|
|||||||
| 428,392,463 | ||||||||
|
|
|
|||||||
| Beverages—0.3% | ||||||||
| Anheuser-Busch InBev Worldwide, Inc. |
13,000,000 | 15,518,381 | ||||||
|
|
|
|||||||
| Biotechnology—0.1% | ||||||||
| Royalty Pharma plc |
3,000,000 | 2,980,551 | ||||||
|
|
|
|||||||
| Chemicals—0.2% | ||||||||
| International Flavors & Fragrances, Inc. |
12,800,000 | 12,690,788 | ||||||
|
|
|
|||||||
| Commercial Services—0.3% | ||||||||
| Central Nippon Expressway Co., Ltd. |
2,600,000 | 2,600,659 | ||||||
| Rockefeller Foundation (The) |
12,800,000 | 12,489,265 | ||||||
|
|
|
|||||||
| 15,089,924 | ||||||||
|
|
|
|||||||
| Computers—0.6% | ||||||||
| CGI, Inc. |
13,500,000 | 13,358,327 | ||||||
| Dell International LLC / EMC Corp. |
900,000 | 1,036,764 | ||||||
| 5.450%, 06/15/23 |
9,600,000 | 10,296,294 | ||||||
| NetApp, Inc. |
7,400,000 | 7,719,843 | ||||||
|
|
|
|||||||
| 32,411,228 | ||||||||
|
|
|
|||||||
| Distribution/Wholesale—0.1% | ||||||||
| Toyota Tsusho Corp. |
2,600,000 | 2,743,768 | ||||||
| Diversified Financial Services—2.6% | ||||||||
| AerCap Ireland Capital DAC / AerCap Global Aviation Trust |
7,000,000 | 7,651,243 | ||||||
| Aviation Capital Group LLC |
10,500,000 | 11,300,755 | ||||||
| Blue Owl Finance LLC |
13,000,000 | 12,857,813 | ||||||
| Capital One Financial Corp. |
10,000,000 | 11,055,892 | ||||||
| Daiwa Securities Group, Inc. |
12,000,000 | 12,179,070 | ||||||
| GE Capital Funding LLC |
12,100,000 | 13,050,451 | ||||||
| 4.400%, 05/15/30 |
14,800,000 | 17,149,050 | ||||||
| LeasePlan Corp. NV |
13,100,000 | 13,712,639 | ||||||
| Mitsubishi HC Capital, Inc. |
200,000 | 201,862 | ||||||
| 3.960%, 09/19/23 (144A) |
5,045,000 | 5,343,008 | ||||||
| Nomura Holdings, Inc. |
9,600,000 | 9,698,017 | ||||||
| OneMain Finance Corp. |
9,100,000 | 9,338,875 | ||||||
| 6.875%, 03/15/25 |
11,800,000 | 13,260,250 | ||||||
|
|
|
|||||||
| 136,798,925 | ||||||||
|
|
|
|||||||
| Electric—2.6% | ||||||||
| Adani Electricity Mumbai, Ltd. |
4,700,000 | 4,688,342 | ||||||
| AES Corp. (The) |
5,000,000 | 4,931,217 | ||||||
| Duke Energy Corp. |
8,500,000 | 8,520,664 | ||||||
| Duke Energy Progress LLC |
13,800,000 | 13,560,558 | ||||||
| Edison International |
7,400,000 | 7,587,013 | ||||||
| 3.550%, 11/15/24 |
3,600,000 | 3,817,008 | ||||||
| Evergy, Inc. |
13,500,000 | 14,113,771 | ||||||
| FirstEnergy Corp. |
1,300,000 | 1,426,333 | ||||||
| NextEra Energy Capital Holdings, Inc. |
2,800,000 | 3,010,089 | ||||||
| Pacific Gas and Electric Co. | ||||||||
| 1.500%, 3M LIBOR + 1.375%, 11/15/21 (a) |
12,800,000 | 12,805,171 | ||||||
| 1.750%, 06/16/22 |
9,900,000 | 9,883,980 | ||||||
| 3.150%, 01/01/26 |
10,900,000 | 11,263,101 | ||||||
| 3.300%, 12/01/27 |
1,600,000 | 1,646,756 | ||||||
| 3.400%, 08/15/24 |
4,500,000 | 4,668,689 | ||||||
| 3.450%, 07/01/25 |
3,600,000 | 3,759,983 | ||||||
| 3.500%, 06/15/25 |
2,700,000 | 2,815,568 | ||||||
| 4.250%, 08/01/23 |
3,000,000 | 3,138,786 | ||||||
BHFTI-304
Brighthouse Funds Trust I
PIMCO Total Return Portfolio
Schedule of Investments as of September 30, 2021 (Unaudited)
Corporate Bonds & Notes—(Continued)
| Security Description | Principal Amount* |
Value | ||||||
| Electric—(Continued) | ||||||||
| Pacific Gas and Electric Co. | ||||||||
| 4.550%, 07/01/30 |
5,000,000 | $ | 5,406,650 | |||||
| ReNew Wind Energy AP2 / ReNew Power Pvt. Ltd. |
13,100,000 | 13,382,903 | ||||||
| WEC Energy Group, Inc. |
5,000,000 | 4,914,970 | ||||||
| 1.800%, 10/15/30 |
5,000,000 | 4,787,592 | ||||||
|
|
|
|||||||
| 140,129,144 | ||||||||
|
|
|
|||||||
| Electronics—0.3% | ||||||||
| Arrow Electronics, Inc. |
6,150,000 | 6,522,414 | ||||||
| Flex, Ltd. |
8,160,000 | 9,388,093 | ||||||
| 5.000%, 02/15/23 |
1,700,000 | 1,799,972 | ||||||
|
|
|
|||||||
| 17,710,479 | ||||||||
|
|
|
|||||||
| Energy-Alternate Sources—0.2% | ||||||||
| Azure Power Solar Energy Pvt. Ltd. |
8,800,000 | 9,273,440 | ||||||
|
|
|
|||||||
| Engineering & Construction—0.1% | ||||||||
| Sydney Airport Finance Co. Pty, Ltd. |
3,100,000 | 3,236,398 | ||||||
|
|
|
|||||||
| Food—0.1% | ||||||||
| Danone S.A. |
3,858,000 | 4,006,302 | ||||||
|
|
|
|||||||
| Gas—0.2% | ||||||||
| Atmos Energy Corp. |
12,900,000 | 12,135,481 | ||||||
|
|
|
|||||||
| Healthcare-Services—0.2% | ||||||||
| Fresenius Medical Care U.S. Finance III, Inc. |
12,100,000 | 12,159,327 | ||||||
|
|
|
|||||||
| Home Builders—0.1% | ||||||||
| DR Horton, Inc. |
4,700,000 | 4,825,524 | ||||||
|
|
|
|||||||
| Household Products/Wares—0.2% | ||||||||
| Reckitt Benckiser Treasury Services plc |
10,600,000 | 10,641,461 | ||||||
|
|
|
|||||||
| Housewares—0.1% | ||||||||
| Newell Brands, Inc. |
4,876,000 | 5,077,428 | ||||||
|
|
|
|||||||
| Insurance—0.3% | ||||||||
| Ambac Assurance Corp. |
144 | 203 | ||||||
| Reliance Standard Life Global Funding II |
600,000 | 637,218 | ||||||
| Insurance—(Continued) | ||||||||
| Sitka Holdings LLC |
14,000,000 | 14,205,479 | ||||||
| Society of Lloyd’s |
1,600,000 | 2,358,942 | ||||||
|
|
|
|||||||
| 17,201,842 | ||||||||
|
|
|
|||||||
| Internet—0.3% | ||||||||
| Booking Holdings, Inc. |
4,600,000 | 4,750,137 | ||||||
| Expedia Group, Inc. |
9,500,000 | 9,600,320 | ||||||
|
|
|
|||||||
| 14,350,457 | ||||||||
|
|
|
|||||||
| Lodging—0.7% | ||||||||
| Choice Hotels International, Inc. |
2,500,000 | 2,659,150 | ||||||
| Hyatt Hotels Corp. |
2,700,000 | 2,986,723 | ||||||
| Marriott International, Inc. |
10,500,000 | 11,187,473 | ||||||
| 4.150%, 12/01/23 |
14,100,000 | 15,038,887 | ||||||
| MGM Resorts International |
1,100,000 | 1,130,250 | ||||||
| Wynn Las Vegas LLC / Wynn Las Vegas Capital Corp. |
3,800,000 | 3,828,500 | ||||||
|
|
|
|||||||
| 36,830,983 | ||||||||
|
|
|
|||||||
| Media—0.8% | ||||||||
| Charter Communications Operating LLC / Charter Communications Operating Capital Corp. |
13,300,000 | 13,059,877 | ||||||
| 4.464%, 07/23/22 |
14,229,000 | 14,590,523 | ||||||
| CSC Holdings LLC |
3,800,000 | 3,971,000 | ||||||
| Walt Disney Co. (The) |
12,600,000 | 14,035,333 | ||||||
|
|
|
|||||||
| 45,656,733 | ||||||||
|
|
|
|||||||
| Oil & Gas—0.4% | ||||||||
| BG Energy Capital plc |
1,300,000 | 1,301,946 | ||||||
| BP Capital Markets America, Inc. |
4,000,000 | 4,587,642 | ||||||
| Chevron Corp. |
6,300,000 | 6,459,010 | ||||||
| Equinor ASA |
3,700,000 | 4,133,962 | ||||||
| Rio Oil Finance Trust |
1,702,897 | 1,862,544 | ||||||
| Shell International Finance B.V. |
1,900,000 | 2,017,314 | ||||||
|
|
|
|||||||
| 20,362,418 | ||||||||
|
|
|
|||||||
BHFTI-305
Brighthouse Funds Trust I
PIMCO Total Return Portfolio
Schedule of Investments as of September 30, 2021 (Unaudited)
Corporate Bonds & Notes—(Continued)
| Security Description | Principal Amount* |
Value | ||||||
| Packaging & Containers—0.3% | ||||||||
| WRKCo, Inc. |
14,700,000 | $ | 16,701,108 | |||||
|
|
|
|||||||
| Pharmaceuticals—1.2% | ||||||||
| AbbVie, Inc. |
3,000,000 | 3,103,624 | ||||||
| 2.950%, 11/21/26 |
5,100,000 | 5,462,845 | ||||||
| 3.200%, 05/14/26 |
1,300,000 | 1,402,567 | ||||||
| 3.600%, 05/14/25 |
700,000 | 757,224 | ||||||
| Bayer U.S. Finance LLC |
17,400,000 | 17,628,153 | ||||||
| CVS Health Corp. |
14,000,000 | 13,754,415 | ||||||
| 3.750%, 04/01/30 |
3,900,000 | 4,332,717 | ||||||
| 4.300%, 03/25/28 |
1,095,000 | 1,249,017 | ||||||
| CVS Pass-Through Trust |
616,455 | 745,803 | ||||||
| Teva Pharmaceutical Finance Netherlands II B.V. |
3,700,000 | 4,210,891 | ||||||
| 3.250%, 04/15/22 (EUR) |
8,000,000 | 9,311,817 | ||||||
|
|
|
|||||||
| 61,959,073 | ||||||||
|
|
|
|||||||
| Pipelines—0.5% | ||||||||
| Cheniere Corpus Christi Holdings LLC |
9,000,000 | 10,404,961 | ||||||
| Enbridge, Inc. |
13,000,000 | 13,023,783 | ||||||
| Energy Transfer L.P. |
1,800,000 | 2,087,628 | ||||||
| Midwest Connector Capital Co. LLC |
2,400,000 | 2,428,400 | ||||||
|
|
|
|||||||
| 27,944,772 | ||||||||
|
|
|
|||||||
| Real Estate—0.3% | ||||||||
| CPI Property Group S.A. |
3,800,000 | 4,626,825 | ||||||
| Logicor Financing Sarl |
4,500,000 | 5,483,379 | ||||||
| Ontario Teachers’ Cadillac Fairview Properties Trust |
1,200,000 | 1,212,915 | ||||||
| 3.875%, 03/20/27 (144A) |
1,700,000 | 1,877,096 | ||||||
| Tesco Property Finance 6 plc |
1,025,044 | 1,762,985 | ||||||
|
|
|
|||||||
| 14,963,200 | ||||||||
|
|
|
|||||||
| Real Estate Investment Trusts—4.6% | ||||||||
| American Campus Communities Operating Partnership L.P. |
2,200,000 | 2,401,856 | ||||||
| American Homes 4 Rent L.P. |
1,900,000 | 2,150,873 | ||||||
| American Tower Corp. |
16,000,000 | 17,045,738 | ||||||
| 3.500%, 01/31/23 |
1,807,000 | 1,880,935 | ||||||
| Real Estate Investment Trusts—(Continued) | ||||||||
| Boston Properties L.P. |
14,000,000 | 13,625,146 | ||||||
| Brandywine Operating Partnership L.P. |
7,500,000 | 8,081,574 | ||||||
| Brixmor Operating Partnership L.P. |
6,000,000 | 6,582,979 | ||||||
| 4.125%, 06/15/26 |
5,500,000 | 6,091,375 | ||||||
| CyrusOne L.P. / CyrusOne Finance Corp. |
2,200,000 | 2,560,143 | ||||||
| Digital Realty Trust L.P. |
8,000,000 | 9,006,954 | ||||||
| EPR Properties |
2,500,000 | 2,576,820 | ||||||
| Equinix, Inc. |
2,900,000 | 2,860,173 | ||||||
| Federal Realty Investment Trust |
4,900,000 | 5,316,082 | ||||||
| GLP Capital L.P. / GLP Financing II, Inc. |
5,000,000 | 5,575,400 | ||||||
| Goodman U.S. Finance Three LLC |
10,800,000 | 11,681,779 | ||||||
| Hudson Pacific Properties L.P. |
2,400,000 | 2,754,369 | ||||||
| Kilroy Realty L.P. |
13,300,000 | 13,116,515 | ||||||
| Life Storage L.P. |
13,500,000 | 13,369,050 | ||||||
| MPT Operating Partnership L.P. / MPT Finance Corp. |
2,000,000 | 2,868,825 | ||||||
| Omega Healthcare Investors, Inc. |
8,900,000 | 10,004,939 | ||||||
| Piedmont Operating Partnership L.P. |
12,900,000 | 13,258,723 | ||||||
| Public Storage |
15,500,000 | 16,936,836 | ||||||
| Realty Income Corp. |
10,700,000 | 11,720,944 | ||||||
| SBA Tower Trust |
13,000,000 | 13,247,724 | ||||||
| Service Properties Trust |
11,240,000 | 10,680,360 | ||||||
| Simon Property Group L.P. |
18,690,000 | 19,295,314 | ||||||
| Sun Communities Operating L.P. |
13,200,000 | 13,338,364 | ||||||
| UDR, Inc. |
1,900,000 | 2,078,139 | ||||||
| 4.400%, 01/26/29 |
3,400,000 | 3,869,240 | ||||||
| Welltower, Inc. |
1,102,000 | 1,230,281 | ||||||
|
|
|
|||||||
| 245,207,450 | ||||||||
|
|
|
|||||||
| Retail—0.2% | ||||||||
| 7-Eleven, Inc. |
13,100,000 | 12,473,182 | ||||||
|
|
|
|||||||
BHFTI-306
Brighthouse Funds Trust I
PIMCO Total Return Portfolio
Schedule of Investments as of September 30, 2021 (Unaudited)
Corporate Bonds & Notes—(Continued)
| Security Description | Principal Amount* |
Value | ||||||
| Savings & Loans—0.2% | ||||||||
| Nationwide Building Society |
9,390,000 | $ | 9,993,482 | |||||
|
|
|
|||||||
| Semiconductors—1.2% | ||||||||
| Broadcom, Inc. |
8,769,000 | 8,699,199 | ||||||
| 3.187%, 11/15/36 (144A) |
10,800,000 | 10,768,637 | ||||||
| 3.500%, 02/15/41 (144A) |
13,300,000 | 13,141,533 | ||||||
| 4.300%, 11/15/32 |
14,900,000 | 16,697,437 | ||||||
| Micron Technology, Inc. |
9,000,000 | 9,761,220 | ||||||
| NXP B.V. / NXP Funding LLC |
3,902,000 | 4,149,224 | ||||||
|
|
|
|||||||
| 63,217,250 | ||||||||
|
|
|
|||||||
| Shipbuilding—0.2% | ||||||||
| Huntington Ingalls Industries, Inc. |
13,800,000 | 13,613,543 | ||||||
|
|
|
|||||||
| Software—0.6% | ||||||||
| Oracle Corp. |
6,400,000 | 6,636,871 | ||||||
| 3.600%, 04/01/50 |
10,600,000 | 10,612,702 | ||||||
| VMware, Inc. |
13,500,000 | 13,439,250 | ||||||
|
|
|
|||||||
| 30,688,823 | ||||||||
|
|
|
|||||||
| Telecommunications—1.0% | ||||||||
| Level 3 Financing, Inc. |
12,330,000 | 13,184,469 | ||||||
| Sprint Communications, Inc. |
1,000,000 | 1,051,470 | ||||||
| Sprint Corp. |
1,000,000 | 1,138,200 | ||||||
| 7.875%, 09/15/23 |
2,800,000 | 3,128,580 | ||||||
| T-Mobile USA, Inc. |
8,900,000 | 8,931,716 | ||||||
| Verizon Communications, Inc. |
25,427,000 | 25,145,886 | ||||||
|
|
|
|||||||
| 52,580,321 | ||||||||
|
|
|
|||||||
| Trucking & Leasing—0.2% | ||||||||
| DAE Funding LLC |
13,300,000 | 13,170,724 | ||||||
|
|
|
|||||||
| Total Corporate Bonds & Notes |
1,843,502,036 | |||||||
|
|
|
|||||||
| Asset-Backed Securities—12.3% | ||||||||
| Asset-Backed - Automobile—0.2% | ||||||||
| Chesapeake Funding II LLC |
3,758,491 | 3,759,425 | ||||||
| 3.230%, 08/15/30 (144A) |
2,512,945 | 2,521,148 | ||||||
| Asset-Backed - Automobile—(Continued) | ||||||||
| OneMain Direct Auto Receivables Trust |
2,013,903 | 2,018,448 | ||||||
|
|
|
|||||||
| 8,299,021 | ||||||||
|
|
|
|||||||
| Asset-Backed - Credit Card—0.3% | ||||||||
| Evergreen Credit Card Trust |
16,200,000 | 16,460,731 | ||||||
|
|
|
|||||||
| Asset-Backed - Home Equity—1.4% | ||||||||
| Accredited Mortgage Loan Trust |
5,734,856 | 5,682,018 | ||||||
| ACE Securities Corp. Home Equity Loan Trust 0.386%, 1M LIBOR + 0.300%, 04/25/36 (a) |
3,487,747 | 3,443,641 | ||||||
| 0.386%, 1M LIBOR + 0.150%, 07/25/36 (a) |
8,271,077 | 3,834,480 | ||||||
| Asset-Backed Funding Certificates Trust |
1,284,862 | 1,266,406 | ||||||
| 0.911%, 1M LIBOR + 0.825%, 07/25/35 (a) |
7,400,000 | 7,403,346 | ||||||
| Asset-Backed Securities Corp. Home Equity Loan Trust |
20,850 | 16,728 | ||||||
| 0.761%, 1M LIBOR + 0.675%, 11/25/35 (a) |
549,171 | 549,170 | ||||||
| Bear Stearns Asset-Backed Securities I Trust |
9,262,002 | 11,212,878 | ||||||
| 0.776%, 1M LIBOR + 0.690%, 02/25/36 (a) |
1,000,000 | 996,002 | ||||||
| 0.886%, 1M LIBOR + 0.800%, 10/27/32 (a) |
11,599 | 11,488 | ||||||
| 1.086%, 1M LIBOR + 1.000%, 10/25/37 (a) |
653,706 | 654,033 | ||||||
| 1.091%, 1M LIBOR + 1.005%, 06/25/35 (a) |
5,101,365 | 5,077,086 | ||||||
| Citigroup Mortgage Loan Trust |
6,733,334 | 4,509,368 | ||||||
| GSAA Home Equity Trust |
159,596 | 161,429 | ||||||
| HSI Asset Securitization Corp. Trust |
9,187,137 | 3,479,437 | ||||||
| IXIS Real Estate Capital Trust |
2,584,600 | 2,572,882 | ||||||
| MASTR Asset-Backed Securities Trust |
5,132,933 | 2,275,561 | ||||||
| 0.246%, 1M LIBOR + 0.160%, 08/25/36 (a) |
3,323,374 | 1,508,344 | ||||||
| 0.256%, 1M LIBOR + 0.170%, 10/25/36 (a) |
3,026,144 | 3,011,993 | ||||||
| Merrill Lynch Mortgage Investors Trust |
9,262,578 | 3,236,050 | ||||||
| 0.836%, 1M LIBOR + 0.750%, 06/25/36 (a) |
192,708 | 192,716 | ||||||
| Morgan Stanley ABS Capital I, Inc. Trust |
120,525 | 110,107 | ||||||
| 0.386%, 1M LIBOR + 0.300%, 06/25/36 (a) |
190,487 | 174,474 | ||||||
| NovaStar Mortgage Funding Trust |
4,578,898 | 4,510,755 | ||||||
| Option One Mortgage Corp. Asset-Backed Certificates |
8,924 | 8,853 | ||||||
| Option One Mortgage Loan Trust |
4,945,894 | 3,781,855 | ||||||
| Renaissance Home Equity Loan Trust |
75,919 | 75,306 | ||||||
| Residential Asset Securities Corp. Trust | ||||||||
| 0.386%, 1M LIBOR + 0.150%, 07/25/36 (a) |
1,197,980 | 1,193,387 | ||||||
| 0.506%, 1M LIBOR + 0.280%, 06/25/36 (a) |
3,035,096 | 3,030,846 | ||||||
BHFTI-307
Brighthouse Funds Trust I
PIMCO Total Return Portfolio
Schedule of Investments as of September 30, 2021 (Unaudited)
Asset-Backed Securities—(Continued)
| Security Description | Principal Amount* |
Value | ||||||
| Asset-Backed - Home Equity—(Continued) | ||||||||
| Residential Asset Securities Corp. Trust | ||||||||
| 0.666%, 1M LIBOR + 0.290%, 06/25/33 (a) |
674,409 | $ | 642,544 | |||||
|
|
|
|||||||
| 74,623,183 | ||||||||
|
|
|
|||||||
| Asset-Backed - Other—10.3% | ||||||||
| Adagio CLO |
11,000,000 | 12,715,499 | ||||||
| Ameriquest Mortgage Securities, Inc. Asset-Backed Pass-Through Certificates |
1,628,835 | 1,629,885 | ||||||
| AMMC CLO, Ltd. |
13,340,290 | 13,340,423 | ||||||
| Anchorage Capital CLO, Ltd. |
12,000,000 | 12,005,832 | ||||||
| 1.534%, 3M LIBOR + 1.400%, 10/20/31 (144A) (a) |
10,200,000 | 10,232,293 | ||||||
| Ares European CLO X DAC |
11,000,000 | 12,753,100 | ||||||
| Argent Securities, Inc. Asset-Backed Pass-Through Certificates |
4,307,232 | 3,979,660 | ||||||
| Brookside Mill CLO, Ltd. |
4,871,189 | 4,873,440 | ||||||
| Carlyle Global Market Strategies CLO, Ltd. |
13,500,000 | 13,501,431 | ||||||
| Catamaran CLO, Ltd. |
15,918,343 | 15,922,720 | ||||||
| CIFC Funding, Ltd. |
13,216,031 | 13,177,982 | ||||||
| Countrywide Asset-Backed Certificates |
7,647,796 | 7,223,702 | ||||||
| 0.226%, 1M LIBOR + 0.140%, 04/25/47 (a) |
2,496,448 | 2,446,413 | ||||||
| 0.236%, 1M LIBOR + 0.150%, 05/25/37 (a) |
94,314 | 94,248 | ||||||
| 0.236%, 1M LIBOR + 0.150%, 06/25/47 (a) |
88,831 | 88,528 | ||||||
| 0.306%, 1M LIBOR + 0.220%, 09/25/37 (a) |
3,251,199 | 3,344,206 | ||||||
| 0.646%, 1M LIBOR + 0.560%, 09/25/36 (a) |
256,257 | 256,066 | ||||||
| 4.453%, 10/25/46 (a) |
1,315,763 | 1,321,164 | ||||||
| 4.635%, 10/25/32 (a) |
4,669,257 | 4,581,590 | ||||||
| CWABS Asset-Backed Certificates Trust |
2,742,864 | 2,655,039 | ||||||
| 0.236%, 1M LIBOR + 0.150%, 09/25/46 (a) |
1,971,052 | 1,952,491 | ||||||
| 0.236%, 1M LIBOR + 0.150%, 03/25/47 (a) |
815,058 | 806,171 | ||||||
| 1.136%, 1M LIBOR + 1.050%, 11/25/35 (a) |
3,117,003 | 3,118,310 | ||||||
| Dorchester Park CLO DAC |
4,166,229 | 4,165,188 | ||||||
| First Franklin Mortgage Loan Trust |
5,173,059 | 2,934,415 | ||||||
| 0.396%, 1M LIBOR + 0.310%, 10/25/36 (a) |
16,312,000 | 14,323,365 | ||||||
| 0.806%, 1M LIBOR + 0.720%, 10/25/35 (a) |
1,878,128 | 1,877,391 | ||||||
| 1.016%, 1M LIBOR + 0.930%, 10/25/34 (a) |
9,219,286 | 9,231,188 | ||||||
| 1.511%, 1M LIBOR + 1.425%, 10/25/34 (a) |
2,512,147 | 2,534,445 | ||||||
| Gallatin CLO, Ltd. |
10,205,375 | 10,209,886 | ||||||
| Asset-Backed - Other—(Continued) | ||||||||
| GSAMP Trust |
2,612,571 | 1,618,764 | ||||||
| 0.671%, 1M LIBOR + 0.585%, 01/25/36 (a) |
6,935,668 | 6,940,343 | ||||||
| 1.406%, 1M LIBOR + 1.320%, 12/25/34 (a) |
4,926,314 | 4,366,392 | ||||||
| Harvest CLO XX |
10,900,000 | 12,592,808 | ||||||
| Home Equity Loan Trust |
10,182,162 | 9,887,109 | ||||||
| Home Equity Mortgage Loan Asset-Backed Trust |
2,648,016 | 2,310,177 | ||||||
| ICG U.S. CLO, Ltd. |
15,400,000 | 15,402,402 | ||||||
| Jamestown CLO, Ltd. |
205,942 | 205,912 | ||||||
| Lehman XS Trust |
614,815 | 615,586 | ||||||
| LoanCore Issuer, Ltd. |
4,346,543 | 4,346,544 | ||||||
| Long Beach Mortgage Loan Trust |
29,616,904 | 12,283,167 | ||||||
| 0.606%, 1M LIBOR + 0.520%, 08/25/45 (a) |
623,471 | 620,143 | ||||||
| 0.866%, 1M LIBOR + 0.780%, 08/25/35 (a) |
10,000,000 | 9,956,375 | ||||||
| Marathon CLO, Ltd. |
4,198,824 | 4,199,802 | ||||||
| 1.276%, 3M LIBOR + 1.150%, 04/15/29 (144A) (a) |
13,100,000 | 13,096,437 | ||||||
| Merrill Lynch First Franklin Mortgage Loan Trust |
12,105,298 | 12,056,153 | ||||||
| MF1, Ltd. |
13,000,000 | 13,081,190 | ||||||
| MidOcean Credit CLO II | ||||||||
| Zero Coupon, 3M LIBOR + 1.030%, 01/29/30 (144A) (a) |
13,200,000 | 13,200,502 | ||||||
| Morgan Stanley ABS Capital I, Inc. Trust |
3,431,821 | 3,069,533 | ||||||
| 0.706%, 1M LIBOR + 0.620%, 12/25/35 (a) |
1,720,814 | 1,709,578 | ||||||
| MP CLO VII, Ltd. |
13,402,999 | 13,404,956 | ||||||
| OCP CLO, Ltd. |
490,355 | 490,412 | ||||||
| OZLM XVI Ltd. |
13,000,000 | 13,000,650 | ||||||
| Palmer Square European Loan Funding DAC |
11,500,000 | 13,306,024 | ||||||
| Palmer Square Loan Funding, Ltd. |
| |||||||
| Zero Coupon, 3M LIBOR + 0.800%, 10/15/29 (144A) (a) |
13,500,000 | 13,500,000 | ||||||
| Park Place Securities, Inc. Asset-Backed Pass-Through Certificates |
5,000,000 | 4,984,922 | ||||||
| 1.136%, 1M LIBOR + 1.050%, 10/25/34 (a) |
5,800,000 | 5,801,340 | ||||||
| 1.886%, 1M LIBOR + 1.800%, 12/25/34 (a) |
4,636,570 | 4,686,942 | ||||||
| Pretium Mortgage Credit Partners LLC |
5,456,105 | 5,469,618 | ||||||
| Residential Asset Securities Corp. Trust |
346,101 | 553,769 | ||||||
BHFTI-308
Brighthouse Funds Trust I
PIMCO Total Return Portfolio
Schedule of Investments as of September 30, 2021 (Unaudited)
Asset-Backed Securities—(Continued)
| Security Description | Principal Amount* |
Value | ||||||
| Asset-Backed - Other—(Continued) | ||||||||
| Saxon Asset Securities Trust |
2,420,364 | $ | 2,364,445 | |||||
| Sculptor CLO XXV, Ltd. |
15,050,000 | 15,068,481 | ||||||
| Securitized Asset Backed Receivables LLC Trust |
15,272,190 | 12,356,072 | ||||||
| 0.586%, 1M LIBOR + 0.500%, 05/25/36 (a) |
7,655,256 | 5,248,973 | ||||||
| Soundview Home Loan Trust |
2,242,121 | 794,757 | ||||||
| 1.046%, 1M LIBOR + 0.960%, 05/25/35 (a) |
664,848 | 665,411 | ||||||
| Specialty Underwriting & Residential Finance Trust |
3,172,998 | 2,582,510 | ||||||
| Starwood Commercial Mortgage Trust |
13,300,000 | 13,300,000 | ||||||
| Structured Asset Investment Loan Trust |
1,790,241 | 1,765,910 | ||||||
| 0.716%, 1M LIBOR + 0.630%, 11/25/35 (a) |
6,821,941 | 6,774,105 | ||||||
| Structured Asset Securities Corp. Mortgage Loan Trust |
185,940 | 186,305 | ||||||
| Sunrun Demeter Issuer Trust |
13,500,000 | 13,494,804 | ||||||
| Symphony CLO, Ltd. |
2,139,749 | 2,141,078 | ||||||
| Telos CLO, Ltd. |
5,032,035 | 5,032,100 | ||||||
| TICP CLO III-2, Ltd. |
7,512,673 | 7,493,441 | ||||||
| Tralee CLO, Ltd. |
5,796,580 | 5,795,131 | ||||||
| U.S. Small Business Administration |
838,261 | 936,077 | ||||||
| Venture CLO, Ltd. |
11,000,000 | 10,997,250 | ||||||
| 0.946%, 3M LIBOR + 0.820%, 04/15/27 (144A) (a) |
2,477,295 | 2,475,095 | ||||||
| Venture XVI CLO Ltd |
12,704,135 | 12,700,946 | ||||||
| Venture XXVII CLO, Ltd. |
13,400,000 | 13,399,987 | ||||||
| Wells Fargo Home Equity Asset-Backed Securities Trust |
8,195,657 | 8,186,992 | ||||||
|
|
|
|||||||
| 547,813,491 | ||||||||
|
|
|
|||||||
| Asset-Backed - Student Loan—0.1% | ||||||||
| SoFi Professional Loan Program LLC |
2,403,138 | 2,474,173 | ||||||
| Utah State Board of Regents |
4,691,341 | 4,676,989 | ||||||
|
|
|
|||||||
| 7,151,162 | ||||||||
|
|
|
|||||||
| Total Asset-Backed Securities |
654,347,588 | |||||||
|
|
|
|||||||
| Mortgage-Backed Securities—10.6% |
| |||||||
| Security Description | Principal Amount* |
Value | ||||||
| Collateralized Mortgage Obligations—6.5% | ||||||||
| Adjustable Rate Mortgage Trust |
163,619 | 143,454 | ||||||
| American Home Mortgage Investment Trust |
12,162,490 | 11,794,900 | ||||||
| 2.155%, 6M LIBOR + 2.000%, 02/25/45 (a) |
142,574 | 143,630 | ||||||
| Banc of America Alternative Loan Trust |
513,015 | 701,493 | ||||||
| Banc of America Funding Trust |
779,451 | 787,969 | ||||||
| 2.778%, 05/25/35 (a) |
320,279 | 331,979 | ||||||
| 3.411%, 01/20/47 (a) |
82,956 | 79,990 | ||||||
| Banc of America Mortgage Trust |
5,926,054 | 5,435,908 | ||||||
| BCAP LLC Trust |
5,431,336 | 5,266,586 | ||||||
| 5.250%, 02/26/36 (144A) (a) |
2,060,592 | 1,249,518 | ||||||
| Bear Stearns Adjustable Rate Mortgage Trust |
759,910 | 781,865 | ||||||
| 2.832%, 02/25/33 (a) |
3,834 | 3,597 | ||||||
| Bear Stearns ALT-A Trust |
491,384 | 495,965 | ||||||
| 2.910%, 09/25/35 (a) |
462,053 | 356,471 | ||||||
| 2.973%, 11/25/36 (a) |
1,612,187 | 1,073,633 | ||||||
| 3.081%, 11/25/36 (a) |
1,933,088 | 1,452,722 | ||||||
| 3.169%, 05/25/36 (a) |
1,291,907 | 842,046 | ||||||
| Bear Stearns Structured Products, Inc. Trust |
487,733 | 409,525 | ||||||
| 2.727%, 12/26/46 (a) |
419,166 | 376,526 | ||||||
| Chase Mortgage Finance Trust |
1,176,128 | 1,062,823 | ||||||
| 2.862%, 12/25/35 (a) |
567,621 | 543,179 | ||||||
| 3.068%, 03/25/37 (a) |
662,467 | 675,172 | ||||||
| Chevy Chase Funding LLC Mortgage-Backed Certificate |
12,956 | 12,924 | ||||||
| CHL Mortgage Pass-Through Trust |
1,481,280 | 1,399,234 | ||||||
| 0.726%, 1M LIBOR + 0.640%, 03/25/35 (a) |
277,290 | 273,433 | ||||||
| 2.708%, 09/20/36 (a) |
1,565,167 | 1,506,294 | ||||||
| 5.750%, 06/25/37 |
1,069,766 | 761,812 | ||||||
| Citicorp Mortgage Securities Trust |
865,299 | 871,704 | ||||||
| Citigroup Mortgage Loan Trust | ||||||||
| 0.736%, 1M LIBOR + 0.650%, 10/25/36 (a) |
4,852,588 | 3,993,567 | ||||||
| 2.210%, 1Y H15 + 2.150%, 09/25/35 (a) |
110,036 | 115,917 | ||||||
| 2.220%, 1Y H15 + 2.100%, 09/25/35 (a) |
454,505 | 478,206 | ||||||
| 2.470%, 1Y H15 + 2.400%, 10/25/35 (a) |
674,762 | 686,662 | ||||||
| 2.579%, 10/25/46 (a) |
805,238 | 800,053 | ||||||
| Countrywide Alternative Loan Trust | ||||||||
| 0.606%, 1M LIBOR + 0.520%, 06/25/46 (a) |
5,606,513 | 5,241,555 | ||||||
| 1.572%, 12M MTA + 1.480%, 01/25/36 (a) |
512,545 | 519,050 | ||||||
| 4.914%, -1 x 1M LIBOR + 5.000%, 05/25/35 (a) (b) |
575,000 | 75,794 | ||||||
| 5.500%, 02/25/36 |
1,771,774 | 1,594,508 | ||||||
| 6.000%, 03/25/35 |
8,937,534 | 8,619,775 | ||||||
| 6.000%, 1M LIBOR + 6.000%, 08/25/36 (a) |
2,267,825 | 2,313,898 | ||||||
BHFTI-309
Brighthouse Funds Trust I
PIMCO Total Return Portfolio
Schedule of Investments as of September 30, 2021 (Unaudited)
Mortgage-Backed Securities—(Continued)
| Security Description | Principal Amount* |
Value | ||||||
| Collateralized Mortgage Obligations—(Continued) | ||||||||
| Countrywide Alternative Loan Trust | ||||||||
| 6.000%, 02/25/37 |
8,557,433 | $ | 5,351,813 | |||||
| 6.000%, 04/25/37 |
2,770,844 | 1,815,915 | ||||||
| 6.000%, 07/25/37 |
4,205,371 | 2,801,194 | ||||||
| Countrywide Home Reperforming Loan REMIC Trust |
883,860 | 856,273 | ||||||
| Credit Suisse First Boston Mortgage Securities Corp. | ||||||||
| 0.699%, 03/25/32 (144A) (a) |
36,371 | 34,931 | ||||||
| 6.000%, 11/25/35 |
1,022,822 | 955,156 | ||||||
| Credit Suisse Mortgage Trust |
12,879,000 | 12,575,032 | ||||||
| Downey Savings & Loan Association Mortgage Loan Trust |
241,857 | 240,169 | ||||||
| First Horizon Mortgage Pass-Through Trust |
72,986 | 57,401 | ||||||
| GCAT LLC |
6,434,622 | 6,493,986 | ||||||
| Gemgarto plc |
9,145,925 | 12,382,237 | ||||||
| GreenPoint Mortgage Funding Trust |
29,557 | 28,019 | ||||||
| GSR Mortgage Loan Trust | ||||||||
| 2.724%, 04/25/36 (a) |
1,040,101 | 851,575 | ||||||
| 2.859%, 09/25/35 (a) |
11,079 | 11,399 | ||||||
| 2.967%, 01/25/36 (a) |
1,906,992 | 1,964,841 | ||||||
| 6.000%, 03/25/32 |
65 | 69 | ||||||
| HarborView Mortgage Loan Trust |
413,738 | 399,475 | ||||||
| Hawksmoor Mortgages plc |
38,622,235 | 52,247,973 | ||||||
| IndyMac ARM Trust | ||||||||
| 1.544%, 01/25/32 (a) |
6,451 | 6,538 | ||||||
| 1.659%, 01/25/32 (a) |
382 | 374 | ||||||
| IndyMac INDX Mortgage Loan Trust | ||||||||
| 0.326%, 1M LIBOR + 0.240%, 07/25/36 (a) |
2,672,356 | 2,574,728 | ||||||
| 0.506%, 1M LIBOR + 0.420%, 05/25/46 (a) |
4,309,065 | 4,242,505 | ||||||
| JPMorgan Alternative Loan Trust |
1,133,178 | 1,122,986 | ||||||
| JPMorgan Mortgage Trust | ||||||||
| 2.299%, 07/25/35 (a) |
456,826 | 475,999 | ||||||
| 3.235%, 12/26/37 (144A) (a) |
6,420,714 | 5,945,460 | ||||||
| 5.750%, 01/25/36 |
204,932 | 135,018 | ||||||
| Legacy Mortgage Asset Trust | ||||||||
| 2.882%, 10/25/59 (144A) (g) |
13,198,763 | 13,250,760 | ||||||
| 3.000%, 06/25/59 (144A) (g) |
11,524,447 | 11,563,662 | ||||||
| Lehman Mortgage Trust |
4,116,355 | 3,005,018 | ||||||
| Lehman XS Trust |
12,106,608 | 12,331,366 | ||||||
| MASTR Alternative Loan Trust | ||||||||
| 0.486%, 1M LIBOR + 0.400%, 03/25/36 (a) |
614,319 | 45,201 | ||||||
| 6.500%, 02/25/35 |
3,687,253 | 4,015,096 | ||||||
| MASTR Asset Securitization Trust |
208,319 | 176,430 | ||||||
| Collateralized Mortgage Obligations—(Continued) | ||||||||
| Metlife Securitization Trust |
5,100,632 | 5,303,945 | ||||||
| Mill City Mortgage Loan Trust |
8,400,000 | 8,866,038 | ||||||
| Morgan Stanley Re-REMIC Trust |
1,733,072 | 1,749,350 | ||||||
| MortgageIT Mortgage Loan Trust |
1,941,846 | 1,872,857 | ||||||
| Nomura Asset Acceptance Corp. Alternative Loan Trust |
704,661 | 457,929 | ||||||
| OBX Trust |
8,970,223 | 8,972,003 | ||||||
| RBSSP Resecuritization Trust |
4,729,620 | 4,681,852 | ||||||
| Residential Asset Securitization Trust |
2,965,553 | 1,758,017 | ||||||
| Sequoia Mortgage Trust | ||||||||
| 0.727%, 1M LIBOR + 0.640%, 04/19/27 (a) |
236,649 | 236,029 | ||||||
| 0.787%, 1M LIBOR + 0.700%, 07/20/33 (a) |
116,715 | 117,687 | ||||||
| Structured Adjustable Rate Mortgage Loan Trust | ||||||||
| 2.617%, 04/25/35 (a) |
2,140,667 | 2,055,868 | ||||||
| 2.825%, 08/25/35 (a) |
63,386 | 61,239 | ||||||
| 3.063%, 01/25/35 (a) |
337,574 | 343,438 | ||||||
| 3.073%, 10/25/36 (a) |
6,652,182 | 4,283,095 | ||||||
| Structured Asset Mortgage Investments II Trust |
292,841 | 294,564 | ||||||
| Towd Point Mortgage Funding |
11,487,120 | 15,519,182 | ||||||
| Towd Point Mortgage Funding plc | ||||||||
| 0.950%, 3M SONIA + 0.900%, 05/20/45 (GBP) (a) |
26,629,817 | 36,006,137 | ||||||
| 1.097%, 3M GBP LIBOR + 1.025%, 10/20/51 (144A) (GBP)(a) |
19,329,371 | 26,248,898 | ||||||
| WaMu Mortgage Pass-Through Certificates Trust | ||||||||
| 0.586%, 1M LIBOR + 0.500%, 02/25/45 (a) |
4,816,044 | 4,914,734 | ||||||
| 1.492%, 12M MTA + 1.400%, 06/25/42 (a) |
33,683 | 33,693 | ||||||
| 2.789%, 06/25/37 (a) |
3,868,251 | 3,793,249 | ||||||
| Wells Fargo Mortgage-Backed Securities Trust |
113,949 | 115,967 | ||||||
|
|
|
|||||||
| 348,917,707 | ||||||||
|
|
|
|||||||
| Commercial Mortgage-Backed Securities—4.1% | ||||||||
| 1211 Avenue of the Americas Trust |
12,100,000 | 13,119,041 | ||||||
| 225 Liberty Street Trust |
11,600,000 | 12,534,494 | ||||||
| ACRES Commercial Realty Corp. |
1,870,399 | 1,871,595 | ||||||
| Arbor Multifamily Mortgage Securities Trust |
7,500,000 | 7,879,128 | ||||||
| AREIT Trust | ||||||||
| 1.180%, 1M LIBOR + 1.080%, 07/17/26 (144A) (a) (i) (j) |
13,500,000 | 13,499,040 | ||||||
| 2.785%, SOFR + 2.734%, 04/15/37 (144A) (a) |
5,717,303 | 5,745,888 | ||||||
| Benchmark Mortgage Trust |
13,000,000 | 14,784,723 | ||||||
BHFTI-310
Brighthouse Funds Trust I
PIMCO Total Return Portfolio
Schedule of Investments as of September 30, 2021 (Unaudited)
Mortgage-Backed Securities—(Continued)
| Security Description | Principal Amount* |
Value | ||||||
| Commercial Mortgage-Backed Securities—(Continued) | ||||||||
| Commercial Mortgage Trust |
11,600,000 | $ | 12,484,096 | |||||
| CSAIL Commercial Mortgage Trust |
2,558,638 | 2,697,570 | ||||||
| DBGS Mortgage Trust |
11,950,000 | 13,328,552 | ||||||
| DC Office Trust |
1,000,000 | 1,058,955 | ||||||
| DOLP Trust |
13,200,000 | 13,971,030 | ||||||
| Extended Stay America Trust |
13,927,543 | 13,966,858 | ||||||
| GCT Commercial Mortgage Trust |
4,000,000 | 4,004,031 | ||||||
| GS Mortgage Securities Corp. Trust |
8,900,000 | 8,879,081 | ||||||
| GS Mortgage Securities Trust |
2,500,000 | 2,643,450 | ||||||
| 3.602%, 10/10/49 (144A) (a) |
13,346,000 | 13,851,316 | ||||||
| JPMorgan Chase Commercial Mortgage Securities Trust |
1,914,033 | 1,913,432 | ||||||
| 1.534%, 1M LIBOR + 1.450%, 12/15/31 (144A) (a) |
8,836,161 | 8,779,535 | ||||||
| LoanCore Issuer, Ltd. |
7,694,142 | 7,689,014 | ||||||
| Manhattan West Mortgage Trust |
12,300,000 | 12,538,508 | ||||||
| MF1 Multifamily Housing Mortgage Loan Trust |
13,200,000 | 13,187,196 | ||||||
| Morgan Stanley Bank of America Merrill Lynch Trust |
10,000,000 | 10,491,471 | ||||||
| Morgan Stanley Capital I Trust |
7,500,000 | 7,667,015 | ||||||
|
|
|
|||||||
| 218,585,019 | ||||||||
|
|
|
|||||||
| Total Mortgage-Backed Securities |
567,502,726 | |||||||
|
|
|
|||||||
| Foreign Government—4.3% |
| |||||||
| Provincial—0.4% | ||||||||
| Province of Ontario Canada |
9,300,000 | 7,481,265 | ||||||
| Province of Quebec Canada |
3,300,000 | 2,698,621 | ||||||
| 4.250%, 12/01/21 (CAD) |
15,200,000 | 12,076,836 | ||||||
|
|
|
|||||||
| 22,256,722 | ||||||||
|
|
|
|||||||
| Regional Government—0.3% | ||||||||
| Japan Finance Organization for Municipalities |
14,000,000 | 14,774,404 | ||||||
|
|
|
|||||||
| Sovereign—3.6% | ||||||||
| Brazil Letras do Tesouro Nacional |
29,900,000 | 5,395,386 | ||||||
| 7.822%, 07/01/22 (BRL)(k) |
549,700,000 | 94,948,834 | ||||||
| Sovereign—(Continued) | ||||||||
| Israel Government International Bond |
14,500,000 | 15,410,455 | ||||||
| Ivory Coast Government International Bond |
4,900,000 | 5,915,892 | ||||||
| Japan Bank for International Cooperation |
11,200,000 | 12,157,327 | ||||||
| Kuwait International Government Bond |
7,000,000 | 7,070,000 | ||||||
| Peruvian Government International Bonds |
23,200,000 | 5,637,341 | ||||||
| 6.350%, 08/12/28 (PEN) |
71,800,000 | 17,919,762 | ||||||
| 6.950%, 08/12/31 (PEN) |
7,000,000 | 1,755,169 | ||||||
| 8.200%, 08/12/26 (PEN) |
24,300,000 | 6,614,110 | ||||||
| Qatar Government International Bonds |
15,500,000 | 18,065,839 | ||||||
| 5.103%, 04/23/48 |
1,500,000 | 1,988,718 | ||||||
|
|
|
|||||||
| 192,878,833 | ||||||||
|
|
|
|||||||
| Total Foreign Government |
229,909,959 | |||||||
|
|
|
|||||||
| Municipals—1.0% | ||||||||
| Chicago Transit Authority Transfer Tax Receipts Revenue |
60,000 | 60,571 | ||||||
| City of Chicago General Obligation Unlimited |
1,939,000 | 2,199,473 | ||||||
| New Jersey Economic Development Authority, Revenue Bond |
| |||||||
| Zero Coupon, 02/15/22 |
6,140,000 | 6,130,654 | ||||||
| New York State Urban Development Corp. |
8,100,000 | 8,145,608 | ||||||
| Sales Tax Securitization Corp. |
10,100,000 | 10,531,128 | ||||||
| 3.057%, 01/01/34 |
2,000,000 | 2,084,034 | ||||||
| State Board of Administration Finance Corp. |
12,800,000 | 12,937,998 | ||||||
| State of Illinois General Obligation Unlimited, Build America Bond |
5,720,000 | 7,060,893 | ||||||
| Tobacco Settlement Finance Authority |
2,250,000 | 2,258,878 | ||||||
|
|
|
|||||||
| Total Municipals |
51,409,237 | |||||||
|
|
|
|||||||
| Preferred Stock—0.8% |
| |||||||
| Wireless Telecommunication Services—0.8% | ||||||||
| AT&T Mobility II LLC, 7.000%,† (i) (j) |
1,644,083 | 43,183,718 | ||||||
|
|
|
|||||||
| Floating Rate Loans (l)—0.3% |
| |||||||
| Investment Companies—0.2% | ||||||||
| Castlelake L.P. |
| |||||||
| First Lien Term Loan, |
8,512,497 | 8,571,394 | ||||||
|
|
|
|||||||
BHFTI-311
Brighthouse Funds Trust I
PIMCO Total Return Portfolio
Schedule of Investments as of September 30, 2021 (Unaudited)
Floating Rate Loans (l)—(Continued)
| Security Description | Principal Amount* |
Value | ||||||
| Media—0.1% | ||||||||
| CSC Holdings, LLC |
||||||||
| Term Loan B5, 2.584%, 1M LIBOR + 2.500%, 04/15/27 |
5,252,513 | $ | 5,199,987 | |||||
|
|
|
|||||||
| Total Floating Rate Loans |
13,771,381 | |||||||
|
|
|
|||||||
| Short-Term Investments—11.4% |
| |||||||
| Repurchase Agreements—0.6% | ||||||||
| Fixed Income Clearing Corp. |
7,294,591 | 7,294,591 | ||||||
| JPMorgan Securities LLC |
26,400,000 | 26,400,000 | ||||||
|
|
|
|||||||
| 33,694,591 | ||||||||
|
|
|
|||||||
| U.S. Treasury—10.8% | ||||||||
| U.S. Treasury Bills |
15,400,000 | 15,399,102 | ||||||
| 0.038%, 12/09/21 (d) (e) (k) (m) (n) |
3,100,000 | 3,099,832 | ||||||
| 0.040%, 12/16/21 (k) |
30,700,000 | 30,697,667 | ||||||
| 0.050%, 02/10/22 (k) (m) (n) |
1,100,000 | 1,099,818 | ||||||
| 0.050%, 02/24/22 (k) |
32,500,000 | 32,493,410 | ||||||
| 0.050%, 03/10/22 (k) (m) (n) |
10,200,000 | 10,197,847 | ||||||
| 0.050%, 03/17/22 (k) |
90,100,000 | 90,080,146 | ||||||
| 0.050%, 03/31/22 (k) |
56,100,000 | 56,084,487 | ||||||
| 0.051%, 02/17/22 (k) |
38,700,000 | 38,692,902 | ||||||
| U.S. Treasury Cash Management Bill |
4,600,000 | 4,599,636 | ||||||
| 0.045%, 01/11/22 (k) |
27,000,000 | 26,997,705 | ||||||
| 0.035%, 01/25/22 (k) |
268,900,000 | 268,861,009 | ||||||
|
|
|
|||||||
| 578,303,561 | ||||||||
|
|
|
|||||||
| Total Short-Term Investments |
611,998,152 | |||||||
|
|
|
|||||||
| Total Purchased Options—0.0% (o) |
1,265,196 | |||||||
| Total Investments—114.9% |
6,135,009,004 | |||||||
| Other assets and liabilities (net)—(14.9)% |
(796,152,626 | ) | ||||||
|
|
|
|||||||
| Net Assets—100.0% |
$ | 5,338,856,378 | ||||||
|
|
|
|||||||
| * | Principal and notional amounts stated in U.S. dollars unless otherwise noted. | |||
| † | Restricted securities are not registered under the Securities Act of 1933 and are subject to legal restrictions on resale. These securities generally may be resold in transactions exempt from registration or to the public if the securities are subsequently registered. Disposal of these securities may involve time-consuming negotiations and prompt sale at an acceptable price may be difficult. As of September 30, 2021, the market value of restricted securities was $44,752,917, which is 0.8% of net assets. See details shown in the Restricted Securities table that follows. | |||
| (a) | Variable or floating rate security. The stated rate represents the rate at September 30, 2021. Maturity date shown for callable securities reflects the earliest possible call date. For securities based on a published reference index and spread, the index and spread are indicated in the description above. For certain variable rate securities, the coupon rate is determined by the issuer/agent based on current market conditions. For certain asset- and mortgage-backed securities, the coupon rate may fluctuate based on changes of the underlying collateral or prepayments of principal. These securities do not indicate a reference index and spread in their description above. | |||
| (b) | Interest only security. | |||
| (c) | TBA (To Be Announced) Securities are purchased on a forward commitment basis with an approximate principal amount and no defined maturity date. The actual principal and maturity date will be determined upon settlement date. | |||
| (d) | All or a portion of the security was pledged as collateral against open futures contracts. As of September 30, 2021, the market value of securities pledged was $10,410,494. | |||
| (e) | All or a portion of the security was pledged as collateral against open centrally cleared swap contracts. As of September 30, 2021, the market value of securities pledged was $44,010,204. | |||
| (f) | Non-income producing; security is in default and/or issuer is in bankruptcy. | |||
| (g) | Security is a “step-up” bond where coupon increases or steps up at a predetermined date. Rate shown is current coupon rate. | |||
| (h) | Perpetual bond with no specified maturity date. | |||
| (i) | Significant unobservable inputs were used in the valuation of this portfolio security; i.e. Level 3. | |||
| (j) | Security was valued in good faith under procedures approved by the Board of Trustees. As of September 30, 2021, these securities represent 1.2% of net assets. | |||
| (k) | The rate shown represents current yield to maturity. | |||
| (l) | Floating rate loans (“Senior Loans”) often require prepayments from excess cash flows or permit the borrowers to repay at their election. The degree to which borrowers repay, whether as a contractual requirement or at their election, cannot be predicted with accuracy. As a result, the actual remaining maturity may be substantially less than the stated maturities shown. However, Senior Loans will generally have an expected average life of approximately two to four years. Senior Loans typically have rates of interest which are determined periodically by reference to a base lending rate, plus a spread. These base rates are primarily the London Interbank Offered Rate and secondarily, the prime rate offered by one or more major United States banks. Base lending rates may be subject to a floor, or a minimum rate. | |||
| (m) | All or a portion of the security was pledged as collateral against OTC option and swap contracts. As of September 30, 2021, the market value of securities pledged was $5,589,980. | |||
| (n) | All or a portion of the security was pledged as collateral against TBA securities. As of September 30, 2021, the value of securities pledged amounted to $4,788,050. | |||
| (o) | For a breakout of open positions, see details shown in the Purchased Options table that follows. | |||
| (144A)— | Securities exempt from registration under Rule 144A of the Securities Act of 1933. These securities may be resold in transactions exempt from registration, normally to qualified institutional buyers. As of September 30, 2021, the market value of 144A securities was $1,428,089,428, which is 26.7% of net assets. | |||
| Restricted Securities |
Acquisition Date |
Shares/ Principal Amount |
Cost | Value | ||||||||||||
| AT&T Mobility II LLC , 7.000%, |
09/24/20 | 1,644,083 | $ | 44,469,020 | $ | 43,183,718 | ||||||||||
| British Airways Pass-Through Trust, 4.125%, 09/20/31 |
10/01/19 | 1,551,602 | 1,644,698 | 1,569,199 | ||||||||||||
|
|
|
|||||||||||||||
| $ | 44,752,917 | |||||||||||||||
|
|
|
|||||||||||||||
BHFTI-312
Brighthouse Funds Trust I
PIMCO Total Return Portfolio
Schedule of Investments as of September 30, 2021 (Unaudited)
TBA Forward Sale Commitments
| Security Description |
Interest Rate |
Maturity | Face Amount |
Cost | Value | |||||||||||||||||
| Uniform Mortgage-Backed Securities 30 Yr. Pool |
4.000% | TBA | $ | (64,400,000 | ) | $ | (69,010,672 | ) | $ | (68,997,305 | ) | |||||||||||
|
|
|
|
|
|||||||||||||||||||
Forward Foreign Currency Exchange Contracts
| Contracts to Buy |
Counterparty |
Settlement Date |
In Exchange for |
Unrealized Appreciation/ (Depreciation) |
||||||||||||||||||
| AUD | 41,219,000 | BNP |
10/05/21 | USD | 29,961,003 | $ | (161,737 | ) | ||||||||||||||
| AUD | 10,070,000 | CBNA |
10/05/21 | USD | 7,292,308 | (12,204 | ) | |||||||||||||||
| AUD | 8,889,000 | JPMC |
10/05/21 | USD | 6,448,902 | (22,602 | ) | |||||||||||||||
| AUD | 15,654,000 | JPMC |
10/05/21 | USD | 11,371,933 | (54,877 | ) | |||||||||||||||
| AUD | 10,070,000 | BNP |
11/02/21 | USD | 7,253,250 | 27,726 | ||||||||||||||||
| AUD | 8,941,000 | GSBU |
11/02/21 | USD | 6,431,521 | 33,148 | ||||||||||||||||
| AUD | 65,762,000 | UBSA |
11/02/21 | USD | 47,618,593 | (70,275 | ) | |||||||||||||||
| BRL | 158,231,959 | BNP |
10/04/21 | USD | 29,089,965 | (33,920 | ) | |||||||||||||||
| BRL | 158,231,959 | GSBU |
10/04/21 | USD | 29,903,044 | (846,999 | ) | |||||||||||||||
| BRL | 158,231,959 | BNP |
11/03/21 | USD | 29,805,598 | (882,164 | ) | |||||||||||||||
| CAD | 28,813,878 | BNP |
10/04/21 | USD | 22,715,817 | 33,025 | ||||||||||||||||
| CLP | 13,098,298,691 | UBSA |
02/28/22 | USD | 16,579,915 | (636,743 | ) | |||||||||||||||
| EUR | 920,000 | CBNA |
11/17/21 | USD | 1,078,815 | (12,250 | ) | |||||||||||||||
| GBP | 982,000 | BBP |
11/17/21 | USD | 1,341,852 | (18,660 | ) | |||||||||||||||
| GBP | 991,000 | BBP |
11/17/21 | USD | 1,367,229 | (31,910 | ) | |||||||||||||||
| GBP | 1,039,000 | BBP |
11/17/21 | USD | 1,423,794 | (23,798 | ) | |||||||||||||||
| GBP | 1,554,000 | CBNA |
11/17/21 | USD | 2,134,997 | (41,065 | ) | |||||||||||||||
| GBP | 1,930,000 | GSBU |
11/17/21 | USD | 2,651,305 | (50,734 | ) | |||||||||||||||
| GBP | 3,427,000 | JPMC |
11/17/21 | USD | 4,636,232 | (18,534 | ) | |||||||||||||||
| GBP | 768,000 | UBSA |
11/17/21 | USD | 1,059,507 | (24,668 | ) | |||||||||||||||
| GBP | 925,000 | UBSA |
11/17/21 | USD | 1,272,743 | (26,355 | ) | |||||||||||||||
| GBP | 11,742,000 | UBSA |
11/17/21 | USD | 16,096,838 | (275,126 | ) | |||||||||||||||
| JPY | 119,000,000 | GSBU |
11/17/21 | USD | 1,069,598 | (53 | ) | |||||||||||||||
| MXN | 474,817,000 | BNP |
10/05/21 | USD | 23,388,203 | (389,075 | ) | |||||||||||||||
| MXN | 474,817,000 | BNP |
01/12/22 | USD | 23,186,915 | (508,367 | ) | |||||||||||||||
| MYR | 1,437,265 | BBP |
10/20/21 | USD | 340,157 | 2,908 | ||||||||||||||||
| MYR | 1,437,265 | BBP |
12/15/21 | USD | 342,328 | (105 | ) | |||||||||||||||
| PEN | 16,140,384 | CBNA |
10/04/21 | USD | 3,928,056 | (24,227 | ) | |||||||||||||||
| RUB | 167,000 | JPMC |
10/22/21 | USD | 2,279 | 8 | ||||||||||||||||
| RUB | 70,491 | BBP |
11/22/21 | USD | 944 | 16 | ||||||||||||||||
| RUB | 133,365 | CBNA |
11/22/21 | USD | 1,785 | 32 | ||||||||||||||||
| RUB | 74,090 | GSBU |
11/22/21 | USD | 993 | 16 | ||||||||||||||||
| RUB | 57,000 | GSBU |
12/20/21 | USD | 768 | 4 | ||||||||||||||||
| Contracts to Deliver |
||||||||||||||||||||||
| AUD | 65,762,000 | UBSA |
10/05/21 | USD | 47,612,806 | 70,185 | ||||||||||||||||
| BRL | 158,231,959 | BNP |
10/04/21 | USD | 29,945,488 | 889,443 | ||||||||||||||||
| BRL | 158,231,959 | GSBU |
10/04/21 | USD | 29,089,966 | 33,920 | ||||||||||||||||
| BRL | 270,000,000 | JPMC |
10/04/21 | USD | 47,472,527 | (2,107,420 | ) | |||||||||||||||
| BRL | 110,400,000 | JPMC |
10/04/21 | USD | 19,410,989 | (861,701 | ) | |||||||||||||||
| BRL | 54,200,000 | JPMC |
10/04/21 | USD | 9,637,166 | (315,549 | ) | |||||||||||||||
| BRL | 32,500,000 | JPMC |
10/04/21 | USD | 5,787,037 | (180,920 | ) | |||||||||||||||
| BRL | 29,500,000 | JPMC |
10/04/21 | USD | 5,216,622 | (200,446 | ) | |||||||||||||||
| BRL | 21,700,000 | JPMC |
10/04/21 | USD | 3,850,795 | (133,964 | ) | |||||||||||||||
| BRL | 29,900,000 | JPMC |
01/04/22 | USD | 5,230,473 | (172,051 | ) | |||||||||||||||
| BRL | 549,700,000 | JPMC |
07/05/22 | USD | 100,032,756 | 4,711,260 | ||||||||||||||||
| CAD | 28,813,878 | JPMC |
10/04/21 | USD | 22,826,235 | 77,393 | ||||||||||||||||
| CAD | 28,813,878 | BNP |
11/02/21 | USD | 22,714,939 | (33,036 | ) | |||||||||||||||
| EUR | 15,606,000 | CBNA |
11/17/21 | USD | 18,488,782 | 396,584 | ||||||||||||||||
| EUR | 98,976,000 | UBSA |
11/17/21 | USD | 116,369,943 | 1,626,034 | ||||||||||||||||
BHFTI-313
Brighthouse Funds Trust I
PIMCO Total Return Portfolio
Schedule of Investments as of September 30, 2021 (Unaudited)
Forward Foreign Currency Exchange Contracts—(Continued)
| Contracts to Deliver |
Counterparty |
Settlement Date |
In Exchange for |
Unrealized Appreciation/ (Depreciation) |
||||||||||||||||||
| GBP | 144,063,000 | CBNA |
11/17/21 | USD | 199,778,285 | $ | 5,661,162 | |||||||||||||||
| JPY | 309,100,000 | BBP |
11/17/21 | USD | 2,804,653 | 26,531 | ||||||||||||||||
| KRW | 167,947,864 | JPMC |
12/15/21 | USD | 143,450 | 1,753 | ||||||||||||||||
| MXN | 474,817,000 | BNP |
10/05/21 | USD | 23,511,263 | 512,134 | ||||||||||||||||
| MYR | 1,437,265 | BBP |
10/20/21 | USD | 343,023 | (42 | ) | |||||||||||||||
| PEN | 16,140,384 | CBNA |
10/04/21 | USD | 4,184,699 | 280,869 | ||||||||||||||||
| PEN | 21,528,747 | CBNA |
10/12/21 | USD | 5,446,179 | 240,026 | ||||||||||||||||
| PEN | 20,672,852 | CBNA |
10/27/21 | USD | 5,285,417 | 288,052 | ||||||||||||||||
| PEN | 7,332,581 | GSBU |
11/12/21 | USD | 1,956,242 | 184,515 | ||||||||||||||||
| PEN | 13,145,475 | CBNA |
12/09/21 | USD | 3,576,124 | 403,135 | ||||||||||||||||
| PEN | 27,163,183 | CBNA |
01/18/22 | USD | 6,588,208 | 50,932 | ||||||||||||||||
| PEN | 43,078,227 | GSBU |
01/24/22 | USD | 10,432,332 | 69,238 | ||||||||||||||||
| PEN | 16,140,384 | CBNA |
03/17/22 | USD | 3,896,291 | 27,736 | ||||||||||||||||
| PEN | 21,528,747 | CBNA |
03/28/22 | USD | 5,195,036 | 38,992 | ||||||||||||||||
| PEN | 3,891,605 | CBNA |
05/31/22 | USD | 941,571 | 15,501 | ||||||||||||||||
| SEK | 1,040,000 | GSBU |
11/17/21 | USD | 120,180 | 1,347 | ||||||||||||||||
|
|
|
|||||||||||||||||||||
| Net Unrealized Appreciation |
|
$ | 7,532,048 | |||||||||||||||||||
|
|
|
|||||||||||||||||||||
Futures Contracts
| Futures Contracts—Long |
Expiration Date |
Number of Contracts |
Notional Value |
Value/ Unrealized Appreciation/ (Depreciation) |
||||||||||||||||||
| U.S. Treasury Note 10 Year Futures |
12/21/21 | 7,835 | USD | 1,031,159,453 | $ | (13,452,631 | ) | |||||||||||||||
| U.S. Treasury Ultra Long Bond Futures |
12/21/21 | 109 | USD | 20,825,813 | (909,542 | ) | ||||||||||||||||
| Futures Contracts—Short |
||||||||||||||||||||||
| Euro-Bund 10 Year Futures |
12/08/21 | (45 | ) | EUR | (7,641,900 | ) | 127,137 | |||||||||||||||
| Euro-Buxl 30 Year Bond Futures |
12/08/21 | (108 | ) | EUR | (21,960,720 | ) | 697,948 | |||||||||||||||
| U.S. Treasury Long Bond Futures |
12/21/21 | (486 | ) | USD | (77,380,313 | ) | 2,072,394 | |||||||||||||||
| U.S. Treasury Note 5 Year Futures |
12/31/21 | (128 | ) | USD | (15,711,000 | ) | 80,828 | |||||||||||||||
|
|
|
|
||||||||||||||||||||
| Net Unrealized Depreciation |
|
$ | (11,383,866 | ) | ||||||||||||||||||
|
|
|
|||||||||||||||||||||
Purchased Options
| Interest Rate Swaptions |
Strike Rate |
Counterparty | Floating Rate Index |
Pay/ Receive Floating Rate |
Expiration Date |
Number of Contracts |
Notional Amount |
Premiums Paid |
Market Value |
Unrealized Appreciation/ (Depreciation) |
||||||||||||||||||||||||||||||
| Put - OTC - 30 Yr. IRS |
0.900 | % | GSBU | 1M SONIA | Receive | 03/15/22 | 15,600,000 | GBP | 15,600,000 | $ | 1,648,831 | $ | 1,265,196 | $ | (383,635 | ) | ||||||||||||||||||||||||
|
|
|
|
|
|
|
|||||||||||||||||||||||||||||||||||
Written Options
| Interest Rate Swaptions |
Strike Rate |
Counterparty | Floating Rate Index |
Pay/ Receive Floating Rate |
Expiration Date |
Number of Contracts |
Notional Amount |
Premiums Received |
Market Value |
Unrealized Appreciation/ (Depreciation) |
||||||||||||||||||||||||||||||
| Put - OTC-10 Yr. IRS |
0.800 | % | GSBU | 1M SONIA | Pay | 03/15/22 | (42,100,000 | ) | GBP | (42,100,000 | ) | $ | (1,600,373 | ) | $ | (1,481,399 | ) | $ | 118,974 | |||||||||||||||||||||
|
|
|
|
|
|
|
|||||||||||||||||||||||||||||||||||
BHFTI-314
Brighthouse Funds Trust I
PIMCO Total Return Portfolio
Schedule of Investments as of September 30, 2021 (Unaudited)
Written Options—(Continued)
| OTC Options on Securities |
Counterparty | Strike Price |
Expiration Date |
Number of Contracts |
Notional Amount |
Premiums Received |
Market Value |
Unrealized Appreciation/ (Depreciation) |
||||||||||||||||||||||||||||||
| Call - Uniform Mortgage-Backed Securities 30 Yr. Pool, 2.000%, TBA |
JPMC | USD | 101.188 | 10/07/21 | (24,000,000 | ) | USD | (24,000,000 | ) | $ | (161,250 | ) | $ | (1,162 | ) | $ | 160,088 | |||||||||||||||||||||
| Call - Uniform Mortgage-Backed Securities 30 Yr. Pool, 2.000%, TBA |
JPMC | USD | 101.473 | 11/03/21 | (13,500,000 | ) | USD | (13,500,000 | ) | (42,187 | ) | (6,427 | ) | 35,760 | ||||||||||||||||||||||||
| Call - Uniform Mortgage-Backed Securities 30 Yr. Pool, 2.500%, TBA |
JPMC | USD | 103.734 | 10/07/21 | (13,000,000 | ) | USD | (13,000,000 | ) | (36,562 | ) | (1,093 | ) | 35,469 | ||||||||||||||||||||||||
| Call - Uniform Mortgage-Backed Securities 30 Yr. Pool, 2.500%, TBA |
JPMC | USD | 103.766 | 10/07/21 | (17,000,000 | ) | USD | (17,000,000 | ) | (48,477 | ) | (1,146 | ) | 47,331 | ||||||||||||||||||||||||
|
|
|
|
|
|
|
|||||||||||||||||||||||||||||||||
| Totals |
|
$ | (288,476 | ) | $ | (9,828 | ) | $ | 278,648 | |||||||||||||||||||||||||||||
|
|
|
|
|
|
|
|||||||||||||||||||||||||||||||||
Swap Agreements
Centrally Cleared Interest Rate Swaps
| Pay/Receive Floating Rate |
Floating Rate Index |
Payment Frequency |
Fixed Rate |
Payment Frequency |
Maturity Date |
Notional Amount |
Market Value |
Upfront Premiums Paid/(Received) |
Unrealized Appreciation/ (Depreciation) |
|||||||||||||||||||||||||||
| Pay |
1 Day CDI | Maturity | 3.345% | Maturity | 01/03/22 | BRL | 20,000,000 | $ | (37,527 | ) | $ | 743 | $ | (38,270 | ) | |||||||||||||||||||||
| Pay |
1 Day CDI | Maturity | 3.350% | Maturity | 01/03/22 | BRL | 508,000,000 | (943,780 | ) | 19,174 | (962,954 | ) | ||||||||||||||||||||||||
| Pay |
1 Day CDI | Maturity | 3.360% | Maturity | 01/03/22 | BRL | 2,382,100,000 | (2,623,444 | ) | 609,720 | (3,233,164 | ) | ||||||||||||||||||||||||
| Pay |
1 Day CDI | Maturity | 3.700% | Maturity | 01/03/22 | BRL | 477,800,000 | (754,831 | ) | (24,495 | ) | (730,336 | ) | |||||||||||||||||||||||
| Pay |
1 Day CDI | Maturity | 3.978% | Maturity | 01/03/22 | BRL | 196,200,000 | (251,804 | ) | — | (251,804 | ) | ||||||||||||||||||||||||
| Pay |
12M TONA | Annually | 0.000% | Annually | 03/17/24 | JPY | 10,670,000,000 | 68,635 | 144,225 | (75,590 | ) | |||||||||||||||||||||||||
| Pay |
3M CDOR | Semi-Annually | 1.235% | Semi-Annually | 03/04/25 | CAD | 20,700,000 | (55,162 | ) | 248,240 | (303,402 | ) | ||||||||||||||||||||||||
| Pay |
3M LIBOR | Quarterly | 2.800% | Semi-Annually | 08/22/23 | USD | 51,400,000 | 2,383,464 | 2,517,649 | (134,185 | ) | |||||||||||||||||||||||||
| Pay |
6M LIBOR | Semi-Annually | 0.380% | Semi-Annually | 06/18/28 | JPY | 8,640,000,000 | 1,696,024 | 2,084,389 | (388,365 | ) | |||||||||||||||||||||||||
| Receive |
1 Day CDI | Maturity | 2.850% | Maturity | 01/03/22 | BRL | 187,600,000 | 486,642 | (30,937 | ) | 517,579 | |||||||||||||||||||||||||
| Receive |
1 Day CDI | Maturity | 2.859% | Maturity | 01/03/22 | BRL | 126,000,000 | 321,300 | 19,278 | 302,022 | ||||||||||||||||||||||||||
| Receive |
1 Day CDI | Maturity | 2.860% | Maturity | 01/03/22 | BRL | 83,200,000 | 216,038 | 13,767 | 202,271 | ||||||||||||||||||||||||||
| Receive |
1 Day CDI | Maturity | 2.860% | Maturity | 01/03/22 | BRL | 68,600,000 | 177,660 | 11,235 | 166,425 | ||||||||||||||||||||||||||
| Receive |
1 Day CDI | Maturity | 2.870% | Maturity | 01/03/22 | BRL | 41,700,000 | 106,394 | 6,393 | 100,001 | ||||||||||||||||||||||||||
| Receive |
1 Day CDI | Maturity | 2.871% | Maturity | 01/03/22 | BRL | 68,000,000 | 172,967 | 10,282 | 162,685 | ||||||||||||||||||||||||||
| Receive |
1 Day CDI | Maturity | 2.883% | Maturity | 01/03/22 | BRL | 47,000,000 | 117,552 | 6,522 | 111,030 | ||||||||||||||||||||||||||
| Receive |
12M SONIA | Annually | 0.750% | Annually | 03/16/52 | GBP | 79,700,000 | 7,393,884 | 326,839 | 7,067,045 | ||||||||||||||||||||||||||
| Receive |
6M LIBOR | Semi-Annually | 0.300% | Semi-Annually | 09/20/27 | JPY | 6,210,000,000 | (858,554 | ) | (1,104,321 | ) | 245,767 | ||||||||||||||||||||||||
| Receive |
6M LIBOR | Semi-Annually | 0.350% | Semi-Annually | 03/17/51 | JPY | 608,000,000 | 280,829 | 330,260 | (49,431 | ) | |||||||||||||||||||||||||
| Receive |
6M LIBOR | Semi-Annually | 0.450% | Semi-Annually | 03/20/29 | JPY | 2,390,000,000 | (613,804 | ) | (729,372 | ) | 115,568 | ||||||||||||||||||||||||
| Receive |
6M LIBOR | Semi-Annually | 0.520% | Semi-Annually | 03/16/51 | JPY | 542,000,000 | 16,762 | — | 16,762 | ||||||||||||||||||||||||||
| Receive |
6M LIBOR | Semi-Annually | 0.538% | Semi-Annually | 03/15/51 | JPY | 1,658,910,000 | (23,582 | ) | (15,864 | ) | (7,718 | ) | |||||||||||||||||||||||
| Receive |
6M LIBOR | Semi-Annually | 0.557% | Semi-Annually | 03/17/51 | JPY | 1,830,000,000 | (113,808 | ) | — | (113,808 | ) | ||||||||||||||||||||||||
| Receive |
6M LIBOR | Semi-Annually | 0.570% | Semi-Annually | 03/19/51 | JPY | 589,000,000 | (56,760 | ) | — | (56,760 | ) | ||||||||||||||||||||||||
| Receive |
6M LIBOR | Semi-Annually | 0.572% | Semi-Annually | 04/07/51 | JPY | 260,000,000 | (25,573 | ) | — | (25,573 | ) | ||||||||||||||||||||||||
| Receive |
6M LIBOR | Semi-Annually | 0.785% | Semi-Annually | 11/12/38 | JPY | 870,000,000 | (638,814 | ) | (686,348 | ) | 47,534 | ||||||||||||||||||||||||
| Receive |
6M LIBOR | Semi-Annually | 0.800% | Semi-Annually | 10/22/38 | JPY | 570,000,000 | (431,426 | ) | (463,214 | ) | 31,788 | ||||||||||||||||||||||||
|
|
|
|
|
|
|
|||||||||||||||||||||||||||||||
| Totals |
|
$ | 6,009,282 | $ | 3,294,165 | $ | 2,715,117 | |||||||||||||||||||||||||||||
|
|
|
|
|
|
|
|||||||||||||||||||||||||||||||
Centrally Cleared Credit Default Swaps on Credit Indices—Buy Protection (a)
| Reference Obligation |
Fixed Deal (Pay) Rate |
Payment Frequency |
Maturity Date |
Implied Credit Spread at September 30, 2021(b) |
Notional Amount (c) |
Market Value |
Upfront Premiums Paid/ (Received) |
Unrealized Appreciation/ (Depreciation) |
||||||||||||||||||||||||||
| CDX.NA.HY.35.V1 |
(5.000%) | Quarterly | 12/20/25 | 2.679 | % | USD | 4,100,000 | $ | (370,755 | ) | $ | (310,863 | ) | $ | (59,892 | ) | ||||||||||||||||||
| CDX.NA.HY.36 V1 |
(5.000%) | Quarterly | 06/20/26 | 2.868 | % | USD | 7,800,000 | (710,947 | ) | (679,727 | ) | (31,220 | ) | |||||||||||||||||||||
|
|
|
|
|
|
|
|||||||||||||||||||||||||||||
| Totals |
|
$ | (1,081,702 | ) | $ | (990,590 | ) | $ | (91,112 | ) | ||||||||||||||||||||||||
|
|
|
|
|
|
|
|||||||||||||||||||||||||||||
BHFTI-315
Brighthouse Funds Trust I
PIMCO Total Return Portfolio
Schedule of Investments as of September 30, 2021 (Unaudited)
Centrally Cleared Credit Default Swaps on Credit Indices and Corporate Issues—Sell Protection (d)
| Reference Obligation |
Fixed Deal Receive Rate |
Payment Frequency |
Maturity Date |
Implied Credit Spread at September 30, 2021(b) |
Notional Amount(c) |
Market Value |
Upfront Premiums Paid/(Received) |
Unrealized Appreciation/ (Depreciation) |
||||||||||||||||||||||||||
| CDX.NA.IG.35.V1 |
1.000% | Quarterly | 12/20/25 | 0.430 | % | USD | 900,000 | $ | 21,352 | $ | 17,597 | $ | 3,755 | |||||||||||||||||||||
| CDX.NA.IG.36.V1 |
1.000% | Quarterly | 06/20/26 | 0.482 | % | USD | 25,200,000 | 602,305 | 579,860 | 22,445 | ||||||||||||||||||||||||
| CDX.NA.IG.37.V1 |
1.000% | Quarterly | 12/20/26 | 0.533 | % | USD | 39,000,000 | 923,130 | 945,928 | (22,798 | ) | |||||||||||||||||||||||
| General Electric Co. 2.700%, due 10/09/22 |
1.000% | Quarterly | 12/20/23 | 0.350 | % | USD | 4,800,000 | 69,509 | 52,278 | 17,231 | ||||||||||||||||||||||||
| General Electric Co. 2.700%, due 10/09/22 |
1.000% | Quarterly | 06/20/24 | 0.395 | % | USD | 2,900,000 | 47,749 | 31,568 | 16,181 | ||||||||||||||||||||||||
| General Electric Co. 2.700%, due 10/09/22 |
1.000% | Quarterly | 06/20/26 | 0.681 | % | USD | 4,700,000 | 68,662 | 46,526 | 22,136 | ||||||||||||||||||||||||
| General Electric Co. 2.700%, due 10/09/22 |
1.000% | Quarterly | 12/20/26 | 0.763 | % | USD | 500,000 | 5,940 | 5,782 | 158 | ||||||||||||||||||||||||
| ITRX.EUR.34.V1 |
1.000% | Quarterly | 12/20/25 | 0.382 | % | EUR | 49,200,000 | 1,499,599 | 1,247,366 | 252,233 | ||||||||||||||||||||||||
| ITRX.EUR.35.V1 |
1.000% | Quarterly | 06/20/26 | 0.450 | % | EUR | 43,400,000 | 1,311,808 | 1,206,502 | 105,306 | ||||||||||||||||||||||||
| ITRX.EUR.36.V1 |
1.000% | Quarterly | 12/20/26 | 0.499 | % | EUR | 13,600,000 | 412,444 | 423,714 | (11,270 | ) | |||||||||||||||||||||||
| ITRX.EUR.XOVER 35.V1 |
5.000% | Quarterly | 06/20/26 | 2.348 | % | EUR | 59,000,000 | 7,980,439 | 7,799,651 | 180,788 | ||||||||||||||||||||||||
| ITRX.EUR.XOVER 36.V1 |
5.000% | Quarterly | 12/20/26 | 2.529 | % | EUR | 77,500,000 | 10,617,797 | 11,039,221 | (421,424 | ) | |||||||||||||||||||||||
| Rolls Royce plc 2.125%, due 06/18/21 |
1.000% | Quarterly | 06/20/24 | 1.175 | % | EUR | 6,200,000 | (33,905 | ) | (330,545 | ) | 296,640 | ||||||||||||||||||||||
| Rolls Royce plc 2.125%, due 06/18/21 |
1.000% | Quarterly | 12/20/24 | 1.337 | % | EUR | 5,000,000 | (62,024 | ) | (339,559 | ) | 277,535 | ||||||||||||||||||||||
| Tesco plc 6.000%, due 12/14/29 |
1.000% | Quarterly | 06/20/22 | 0.128 | % | EUR | 12,900,000 | 95,320 | 92,049 | 3,271 | ||||||||||||||||||||||||
|
|
|
|
|
|
|
|||||||||||||||||||||||||||||
| Totals |
|
$ | 23,560,125 | $ | 22,817,938 | $ | 742,187 | |||||||||||||||||||||||||||
|
|
|
|
|
|
|
|||||||||||||||||||||||||||||
OTC Credit Default Swaps on Sovereign Issues—Sell Protection (d)
| Reference Obligation |
Fixed Deal Receive Rate |
Payment Frequency |
Maturity Date |
Counterparty | Implied Credit Spread at September 30, 2021(b) |
Notional Amount(c) |
Market Value |
Upfront Premium Paid/(Received) |
Unrealized Appreciation/ (Depreciation) |
|||||||||||||||||||||||||||||||
| Colombia Government International Bond |
1.000 | % | Quarterly | 12/20/26 | GSI | 1.681% | USD | 3,300,000 | $ | (111,580 | ) | $ | (89,427 | ) | $ | (22,153 | ) | |||||||||||||||||||||||
| Colombia Government International Bond |
1.000 | % | Quarterly | 12/20/26 | JPMC | 1.681 | % | USD | 10,700,000 | (361,791 | ) | (289,960 | ) | (71,831 | ) | |||||||||||||||||||||||||
| Republic of South Africa |
1.000 | % | Quarterly | 06/20/24 | GSI | 1.293 | % | USD | 14,280,000 | (112,955 | ) | (309,349 | ) | 196,394 | ||||||||||||||||||||||||||
| Russian Federation |
1.000 | % | Quarterly | 12/20/24 | GSI | 0.575 | % | USD | 11,900,000 | 162,358 | 47,357 | 115,001 | ||||||||||||||||||||||||||||
| Russian Federation |
1.000 | % | Quarterly | 12/20/24 | JPMC | 0.575 | % | USD | 300,000 | 4,093 | 915 | 3,178 | ||||||||||||||||||||||||||||
|
|
|
|
|
|
|
|||||||||||||||||||||||||||||||||||
| Totals |
|
$ | (419,875 | ) | $ | (640,464 | ) | $ | 220,589 | |||||||||||||||||||||||||||||||
|
|
|
|
|
|
|
|||||||||||||||||||||||||||||||||||
| (a) | If the Portfolio is a buyer of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Portfolio will either (i) receive from the seller of protection an amount equal to the notional amount of the swap and deliver the referenced obligation or underlying securities comprising the referenced index or (ii) receive a net settlement amount in the form of cash or securities equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | |||
| (b) | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate issues or indices as of period end serve as an indicator of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity’s credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. A credit spread identified as “Defaulted” indicates a credit event has occurred for the referenced entity or obligation. | |||
| (c) | The maximum potential amount of future undiscounted payments that the Portfolio could be required to make under a credit default swap contract would be the notional amount of the contract. These potential amounts would be partially offset by any recovery values of the referenced debt obligation or net amounts received from the settlement of purchased protection credit default swap contracts entered into by the Portfolio for the same referenced debt obligation. | |||
| (d) | If the Portfolio is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Portfolio will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash or securities equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | |||
BHFTI-316
Brighthouse Funds Trust I
PIMCO Total Return Portfolio
Schedule of Investments as of September 30, 2021 (Unaudited)
Glossary of Abbreviations
Counterparties
| (BBP)— | Barclays Bank plc | |||
| (BNP)— | BNP Paribas S.A. | |||
| (CBNA)— | Citibank N.A. | |||
| (GSBU)— | Goldman Sachs Bank USA | |||
| (GSI)— | Goldman Sachs International | |||
| (JPMC)— | JPMorgan Chase Bank N.A. | |||
| (UBSA)— | UBS AG | |||
Currencies
| (AUD)— | Australian Dollar | |||
| (BRL)— | Brazilian Real | |||
| (CAD)— | Canadian Dollar | |||
| (CLP)— | Chilean Peso | |||
| (EUR)— | Euro | |||
| (GBP)— | British Pound | |||
| (JPY)— | Japanese Yen | |||
| (KRW)— | South Korean Won | |||
| (MXN)— | Mexican Peso | |||
| (MYR)— | Malaysian Ringgit | |||
| (PEN)— | Peruvian Nuevo Sol | |||
| (RUB)— | Russian Ruble | |||
| (SEK)— | Swedish Krona | |||
| (USD)— | United States Dollar | |||
Index Abbreviations
| (CDI)— | Brazil Interbank Deposit Rate | |||
| (CDOR)— | Canadian Dollar Offered Rate | |||
| (CDX.NA.HY)— | Markit North America High Yield CDS Index | |||
| (CDX.NA.IG)— | Markit North America Investment Grade CDS Index | |||
| (COFI)— | 11th District Cost of Fund Index | |||
| (EURIBOR)— | Euro InterBank Offered Rate | |||
| (H15)— | U.S. Treasury Yield Curve Rate T-Note Constant Maturity Index | |||
| (ITRX.EUR)— | Markit iTraxx Europe CDS Index | |||
| (ITRX.EUR.XOVER)— | Markit iTraxx Europe Crossover CDS Index | |||
| (LIBOR)— | London Interbank Offered Rate | |||
| (MTA)— | Monthly Treasury Average Index | |||
| (PRIME)— | U.S. Federal Reserve Prime Rate | |||
| (SOFR)— | Secured Overnight Financing Rate | |||
| (SONIA)— | Sterling Overnight Index Average Deposit Rate | |||
| (TONA)— | Tokyo Overnight Average Rate | |||
| (UKG)— | United Kingdom Gilts | |||
Other Abbreviations
| (ACES)— | Alternative Credit Enhancement Securities | |||
| (ARM)— | Adjustable-Rate Mortgage | |||
| (CLO)— | Collateralized Loan Obligation | |||
| (CMO)— | Collateralized Mortgage Obligation | |||
| (ICE)— | Intercontinental Exchange, Inc. | |||
| (IRS)— | Interest Rate Swap | |||
| (REMIC)— | Real Estate Mortgage Investment Conduit | |||
BHFTI-317
Brighthouse Funds Trust I
PIMCO Total Return Portfolio
Schedule of Investments as of September 30, 2021 (Unaudited)
Fair Value Hierarchy
Accounting principles generally accepted in the United States of America (“GAAP”) define fair market value as the price that the Portfolio would receive to sell an asset or pay to transfer a liability in an orderly transaction between market participants at the measurement date. It establishes a fair value hierarchy that prioritizes inputs to valuation methods and requires disclosure of the fair value hierarchy, separately for each major category of assets and liabilities, that segregates fair value measurements into three levels. Levels 1, 2 and 3 of the fair value hierarchy are defined as follows:
Level 1 - unadjusted quoted prices in active markets for identical investments
Level 2 - other significant observable inputs (including, but not limited to, quoted prices for similar assets or liabilities in markets that are either active or inactive; inputs other than quoted prices that are observable such as interest rates, yield curves, volatilities, prepayment speeds, loss severities, credit risks, default rates, or other market corroborated inputs)
Level 3 - significant unobservable inputs based on the best information available in the circumstances, to the extent observable
inputs are unavailable (including the Portfolio’s own assumptions used in determining the fair value of investments and derivative financial instruments)
The inputs or methodologies used for valuing investments are not necessarily an indication of the risk associated with investing in them. Changes to the inputs or methodologies used may result in transfers between levels. A reconciliation of Level 3 securities, if any, will be disclosed following the fair value hierarchy table. For more information about the Portfolio’s policy regarding the valuation of investments, please refer to the Notes to Schedule of Investments.
The following table summarizes the fair value hierarchy of the Portfolio’s investments as of September 30, 2021:
| Description | Level 1 | Level 2 | Level 3 | Total | ||||||||||||
| Total U.S. Treasury & Government Agencies* |
$ | — | $ | 2,118,119,011 | $ | — | $ | 2,118,119,011 | ||||||||
| Total Corporate Bonds & Notes* |
— | 1,843,502,036 | — | 1,843,502,036 | ||||||||||||
| Total Asset-Backed Securities* |
— | 654,347,588 | — | 654,347,588 | ||||||||||||
| Mortgage-Backed Securities |
| |||||||||||||||
| Collateralized Mortgage Obligations |
— | 348,917,707 | — | 348,917,707 | ||||||||||||
| Commercial Mortgage-Backed Securities |
— | 205,085,979 | 13,499,040 | 218,585,019 | ||||||||||||
| Total Mortgage-Backed Securities |
— | 554,003,686 | 13,499,040 | 567,502,726 | ||||||||||||
| Total Foreign Government* |
— | 229,909,959 | — | 229,909,959 | ||||||||||||
| Total Municipals* |
— | 51,409,237 | — | 51,409,237 | ||||||||||||
| Total Preferred Stock* |
— | — | 43,183,718 | 43,183,718 | ||||||||||||
| Floating Rate Loans |
| |||||||||||||||
| Investment Companies |
— | — | 8,571,394 | 8,571,394 | ||||||||||||
| Media |
— | 5,199,987 | — | 5,199,987 | ||||||||||||
| Total Floating Rate Loans |
— | 5,199,987 | 8,571,394 | 13,771,381 | ||||||||||||
| Total Short-Term Investments* |
— | 611,998,152 | — | 611,998,152 | ||||||||||||
| Total Purchased Options at Value |
— | 1,265,196 | — | 1,265,196 | ||||||||||||
| Total Investments |
$ | — | $ | 6,069,754,852 | $ | 65,254,152 | $ | 6,135,009,004 | ||||||||
| TBA Forward Sales Commitments |
$ | — | $ | (68,997,305 | ) | $ | — | $ | (68,997,305 | ) | ||||||
| Forward Contracts |
| |||||||||||||||
| Forward Foreign Currency Exchange Contracts (Unrealized Appreciation) |
$ | — | $ | 15,703,625 | $ | — | $ | 15,703,625 | ||||||||
| Forward Foreign Currency Exchange Contracts (Unrealized Depreciation) |
— | (8,171,577 | ) | — | (8,171,577 | ) | ||||||||||
| Total Forward Contracts |
$ | — | $ | 7,532,048 | $ | — | $ | 7,532,048 | ||||||||
| Futures Contracts |
| |||||||||||||||
| Futures Contracts (Unrealized Appreciation) |
$ | 2,978,307 | $ | — | $ | — | $ | 2,978,307 | ||||||||
| Futures Contracts (Unrealized Depreciation) |
(14,362,173 | ) | — | — | (14,362,173 | ) | ||||||||||
| Total Futures Contracts |
$ | (11,383,866 | ) | $ | — | $ | — | $ | (11,383,866 | ) | ||||||
| Written Options |
| |||||||||||||||
| Interest Rate Swaptions at Value |
$ | — | $ | (1,481,399 | ) | $ | — | $ | (1,481,399 | ) | ||||||
| OTC Options on Securities at Value |
— | (9,828 | ) | — | (9,828 | ) | ||||||||||
| Total Written Options |
$ | — | $ | (1,491,227 | ) | $ | — | $ | (1,491,227 | ) | ||||||
| Centrally Cleared Swap Contracts |
| |||||||||||||||
| Centrally Cleared Swap Contracts (Unrealized Appreciation) |
$ | — | $ | 10,284,156 | $ | — | $ | 10,284,156 | ||||||||
| Centrally Cleared Swap Contracts (Unrealized Depreciation) |
— | (6,917,964 | ) | — | (6,917,964 | ) | ||||||||||
| Total Centrally Cleared Swap Contracts |
$ | — | $ | 3,366,192 | $ | — | $ | 3,366,192 | ||||||||
BHFTI-318
Brighthouse Funds Trust I
PIMCO Total Return Portfolio
Schedule of Investments as of September 30, 2021 (Unaudited)
Fair Value Hierarchy—(Continued)
| Description | Level 1 | Level 2 | Level 3 | Total | ||||||||||||
| OTC Swap Contracts |
| |||||||||||||||
| OTC Swap Contracts at Value (Assets) |
$ | — | $ | 166,451 | $ | — | $ | 166,451 | ||||||||
| OTC Swap Contracts at Value (Liabilities) |
— | (586,326 | ) | — | (586,326 | ) | ||||||||||
| Total OTC Swap Contracts |
$ | — | $ | (419,875 | ) | $ | — | $ | (419,875 | ) | ||||||
| * | See Schedule of Investments for additional detailed categorizations. | |||
Following is a reconciliation of Level 3 assets for which significant unobservable inputs were used to determine fair value:
| Investments in Securities |
Balance as of December 31, 2020 |
Realized Gain (Loss) |
Change in Unrealized Appreciation (Depreciation) |
Purchases | Sales | Amortization Premium/ Discount |
Balance as of September 30, 2021 |
Change in Unrealized Appreciation (Depreciation) from Investments Held at September 30, 2021 |
||||||||||||||||||||||||
| Mortgage-Backed Securities | ||||||||||||||||||||||||||||||||
| Commercial Morgage-Backed Securities |
$ | — | $ | — | $ | (960 | ) | $ | 13,500,000 | $ | — | $ | — | $ | 13,499,040 | $ | (960) | |||||||||||||||
| Preferred Stocks | ||||||||||||||||||||||||||||||||
| Wireless Telecommunication Services |
44,149,753 | — | (966,035 | ) | — | — | — | 43,183,718 | (966,035 | ) | ||||||||||||||||||||||
| Floating Rate Loans | ||||||||||||||||||||||||||||||||
| Auto Manufacturers |
5,396,586 | — | 3,414 | — | (5,400,000 | ) | — | — | 3,414 | |||||||||||||||||||||||
| Investment Companies |
— | 287 | 71,774 | 8,686,341 | (187,503 | ) | 495 | 8,571,394 | 71,774 | |||||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||||
| $ | 49,546,339 | $ | 287 | $ | (891,807 | ) | $ | 22,186,341 | $ | (5,587,503 | ) | $ | 495 | $ | 65,254,152 | $ | (891,807 | ) | ||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||||
BHFTI-319
Brighthouse Funds Trust I
Schroders Global Multi-Asset Portfolio
Consolidated Schedule of Investments as of September 30, 2021 (Unaudited)
Common Stocks—45.9% of Net Assets
| Security Description | Shares | Value | ||||||
| Aerospace & Defense—0.3% | ||||||||
| Airbus SE (a) |
4,048 | $ | 531,483 | |||||
| BAE Systems plc |
30,712 | 232,135 | ||||||
| Boeing Co. (The) (a) |
3,405 | 748,896 | ||||||
| General Dynamics Corp. (b) |
2,783 | 545,551 | ||||||
| HEICO Corp. |
738 | 97,320 | ||||||
| Howmet Aerospace, Inc. |
2,181 | 68,047 | ||||||
| L3Harris Technologies, Inc. (b) |
1,686 | 371,325 | ||||||
| Lockheed Martin Corp. (b) |
1,481 | 511,093 | ||||||
| Northrop Grumman Corp. |
1,023 | 368,433 | ||||||
| Raytheon Technologies Corp. |
10,452 | 898,454 | ||||||
| Safran S.A. |
2,293 | 287,496 | ||||||
| TransDigm Group, Inc. (a) (b) |
503 | 314,159 | ||||||
|
|
|
|||||||
| 4,974,392 | ||||||||
|
|
|
|||||||
| Air Freight & Logistics—0.2% | ||||||||
| Atlas Air Worldwide Holdings, Inc. (a) |
932 | 76,126 | ||||||
| DSV A/S |
3,602 | 859,964 | ||||||
| FedEx Corp. |
2,271 | 498,008 | ||||||
| InPost S.A. (a) |
4,102 | 67,663 | ||||||
| Royal Mail plc |
16,226 | 91,819 | ||||||
| United Parcel Service, Inc. - Class B (b) |
9,312 | 1,695,715 | ||||||
|
|
|
|||||||
| 3,289,295 | ||||||||
|
|
|
|||||||
| Airlines—0.1% | ||||||||
| Southwest Airlines Co. (a) (b) |
27,197 | 1,398,742 | ||||||
|
|
|
|||||||
| Auto Components—0.1% | ||||||||
| Aisin Corp. |
5,300 | 192,623 | ||||||
| BorgWarner, Inc. |
6,541 | 282,637 | ||||||
| Faurecia SE |
3,795 | 176,865 | ||||||
| JTEKT Corp. |
8,400 | 73,215 | ||||||
| Lear Corp. |
795 | 124,402 | ||||||
| Magna International, Inc. |
2,494 | 187,690 | ||||||
| NGK Spark Plug Co., Ltd. |
7,200 | 112,626 | ||||||
| Sumitomo Electric Industries, Ltd. |
16,700 | 222,780 | ||||||
| Toyo Tire Corp. |
3,500 | 62,618 | ||||||
|
|
|
|||||||
| 1,435,456 | ||||||||
|
|
|
|||||||
| Automobiles—0.8% | ||||||||
| Daimler AG |
14,558 | 1,294,138 | ||||||
| Ferrari NV |
689 | 144,236 | ||||||
| Ford Motor Co. (a) |
34,400 | 487,104 | ||||||
| General Motors Co. (a) |
10,685 | 563,206 | ||||||
| Honda Motor Co., Ltd. |
34,500 | 1,063,991 | ||||||
| Isuzu Motors, Ltd. |
15,900 | 208,894 | ||||||
| Kia Corp. |
2,512 | 169,725 | ||||||
| Mazda Motor Corp. (a) |
19,700 | 171,550 | ||||||
| Stellantis NV (Milan-Traded Shares) |
15,691 | 299,619 | ||||||
| Suzuki Motor Corp. |
4,400 | 196,122 | ||||||
| Tesla, Inc. (a) |
6,020 | 4,668,390 | ||||||
| Toyota Motor Corp. |
101,500 | 1,815,653 | ||||||
| Yadea Group Holdings, Ltd. |
24,000 | 38,884 | ||||||
| Yamaha Motor Co., Ltd. |
7,300 | 203,267 | ||||||
|
|
|
|||||||
| 11,324,779 | ||||||||
|
|
|
|||||||
| Banks—2.7% | ||||||||
| ABN AMRO Bank NV (a) |
12,775 | $ | 183,816 | |||||
| Australia & New Zealand Banking Group, Ltd. |
30,061 | 606,480 | ||||||
| Banco Santander S.A. |
124,950 | 452,582 | ||||||
| Bank of America Corp. |
64,992 | 2,758,910 | ||||||
| Bank of Kyoto, Ltd. (The) |
1,500 | 68,798 | ||||||
| Bank of Montreal |
7,709 | 769,622 | ||||||
| Bank of Nova Scotia (The) |
10,185 | 626,893 | ||||||
| Bank OZK |
3,341 | 143,596 | ||||||
| Barclays plc |
343,669 | 876,489 | ||||||
| BNP Paribas S.A. |
15,727 | 1,007,400 | ||||||
| Citigroup, Inc. |
24,478 | 1,717,866 | ||||||
| Commonwealth Bank of Australia |
14,103 | 1,050,948 | ||||||
| DBS Group Holdings, Ltd. |
8,500 | 188,750 | ||||||
| Erste Group Bank AG |
9,205 | 401,999 | ||||||
| Fifth Third Bancorp |
6,931 | 294,152 | ||||||
| First BanCorp/Puerto Rico |
5,824 | 76,586 | ||||||
| First Republic Bank |
13,599 | 2,622,975 | ||||||
| HSBC Holdings plc |
222,705 | 1,165,087 | ||||||
| Huntington Bancshares, Inc. |
9,883 | 152,791 | ||||||
| ING Groep NV |
63,843 | 926,628 | ||||||
| Intesa Sanpaolo S.p.A. |
159,846 | 453,485 | ||||||
| Japan Post Bank Co., Ltd. |
9,800 | 83,872 | ||||||
| JPMorgan Chase & Co. |
57,559 | 9,421,833 | ||||||
| KeyCorp |
6,896 | 149,091 | ||||||
| Lloyds Banking Group plc |
1,011,051 | 628,924 | ||||||
| Mitsubishi UFJ Financial Group, Inc. |
220,100 | 1,285,041 | ||||||
| Mizuho Financial Group, Inc. (b) |
44,090 | 620,698 | ||||||
| National Australia Bank, Ltd. |
31,753 | 632,847 | ||||||
| National Bank of Canada |
1,865 | 143,240 | ||||||
| NatWest Group plc |
79,143 | 240,154 | ||||||
| Nordea Bank Abp |
25,192 | 323,310 | ||||||
| Oversea-Chinese Banking Corp., Ltd. |
39,400 | 329,833 | ||||||
| PNC Financial Services Group, Inc. (The) |
4,501 | 880,576 | ||||||
| Powszechna Kasa Oszczednosci Bank Polski S.A. (a) |
6,717 | 71,270 | ||||||
| Raiffeisen Bank International AG |
4,975 | 129,425 | ||||||
| Regions Financial Corp. |
10,887 | 232,002 | ||||||
| Royal Bank of Canada |
12,878 | 1,281,395 | ||||||
| Skandinaviska Enskilda Banken AB - Class A |
12,270 | 172,886 | ||||||
| Societe Generale S.A. |
16,845 | 528,883 | ||||||
| Standard Chartered plc |
84,339 | 494,278 | ||||||
| Sumitomo Mitsui Financial Group, Inc. |
9,900 | 346,355 | ||||||
| Toronto-Dominion Bank (The) |
15,478 | 1,024,657 | ||||||
| Truist Financial Corp. |
17,799 | 1,043,911 | ||||||
| U.S. Bancorp |
37,656 | 2,238,273 | ||||||
| UniCredit S.p.A. |
21,766 | 287,911 | ||||||
| United Overseas Bank, Ltd. |
14,400 | 272,357 | ||||||
| Wells Fargo & Co. |
31,057 | 1,441,355 | ||||||
| Westpac Banking Corp. |
31,426 | 584,378 | ||||||
|
|
|
|||||||
| 41,434,608 | ||||||||
|
|
|
|||||||
| Beverages—0.7% | ||||||||
| Anheuser-Busch InBev S.A. |
6,322 | 357,055 | ||||||
| Britvic plc |
9,207 | 110,113 | ||||||
| Coca-Cola Co. (The) |
54,775 | 2,874,044 | ||||||
| Diageo plc |
42,408 | 2,043,347 | ||||||
| Monster Beverage Corp. (a) |
9,104 | 808,708 | ||||||
BHFTI-320
Brighthouse Funds Trust I
Schroders Global Multi-Asset Portfolio
Consolidated Schedule of Investments as of September 30, 2021 (Unaudited)
Common Stocks—(Continued)
| Security Description | Shares | Value | ||||||
| Beverages—(Continued) | ||||||||
| PepsiCo, Inc. |
31,529 | $ | 4,742,277 | |||||
| Royal Unibrew A/S |
1,319 | 158,825 | ||||||
|
|
|
|||||||
| 11,094,369 | ||||||||
|
|
|
|||||||
| Biotechnology—0.7% | ||||||||
| AbbVie, Inc. |
24,376 | 2,629,439 | ||||||
| Alnylam Pharmaceuticals, Inc. (a) (b) |
1,364 | 257,537 | ||||||
| Amgen, Inc. |
9,583 | 2,037,825 | ||||||
| Biogen, Inc. (a) |
1,072 | 303,365 | ||||||
| BioNTech SE (ADR) (a) |
1,384 | 377,818 | ||||||
| CSL, Ltd. |
3,206 | 676,072 | ||||||
| Exact Sciences Corp. (a) (b) |
1,397 | 133,344 | ||||||
| Genmab A/S (ADR) (a) |
2,434 | 106,366 | ||||||
| Gilead Sciences, Inc. |
8,138 | 568,439 | ||||||
| Halozyme Therapeutics, Inc. (a) (b) |
1,526 | 62,078 | ||||||
| Horizon Therapeutics plc (a) |
5,270 | 577,276 | ||||||
| Incyte Corp. (a) |
2,047 | 140,793 | ||||||
| Moderna, Inc. (a) |
4,115 | 1,583,699 | ||||||
| Novavax, Inc. (a) (b) |
2,214 | 458,984 | ||||||
| Regeneron Pharmaceuticals, Inc. (a) |
646 | 390,946 | ||||||
| Sorrento Therapeutics, Inc. (a) (b) |
10,420 | 79,505 | ||||||
| Valneva SE (a) (b) |
2,024 | 31,359 | ||||||
| Vertex Pharmaceuticals, Inc. (a) |
1,882 | 341,376 | ||||||
|
|
|
|||||||
| 10,756,221 | ||||||||
|
|
|
|||||||
| Building Products—0.4% | ||||||||
| A.O. Smith Corp. (b) |
6,872 | 419,673 | ||||||
| Allegion plc |
2,464 | 325,692 | ||||||
| Assa Abloy AB - Class B |
15,595 | 452,180 | ||||||
| Builders FirstSource, Inc. (a) |
1,258 | 65,089 | ||||||
| China Lesso Group Holdings, Ltd. |
35,000 | 55,845 | ||||||
| Cie de Saint-Gobain |
15,257 | 1,027,590 | ||||||
| Daikin Industries, Ltd. |
3,400 | 731,301 | ||||||
| Geberit AG |
385 | 282,884 | ||||||
| Lennox International, Inc. |
960 | 282,403 | ||||||
| Nibe Industrier AB - B Shares |
7,629 | 95,827 | ||||||
| Trane Technologies plc |
10,174 | 1,756,541 | ||||||
| Trex Co., Inc. (a) |
1,174 | 119,666 | ||||||
| Xinyi Glass Holdings, Ltd. |
55,000 | 163,377 | ||||||
|
|
|
|||||||
| 5,778,068 | ||||||||
|
|
|
|||||||
| Capital Markets—2.1% | ||||||||
| Affiliated Managers Group, Inc. |
1,483 | 224,067 | ||||||
| AJ Bell plc |
8,180 | 43,903 | ||||||
| Ameriprise Financial, Inc. |
2,819 | 744,554 | ||||||
| Anima Holding S.p.A. |
12,738 | 60,765 | ||||||
| Artisan Partners Asset Management, Inc. - Class A |
2,726 | 133,356 | ||||||
| Bank of New York Mellon Corp. (The) |
11,005 | 570,499 | ||||||
| BlackRock, Inc. |
4,812 | 4,035,632 | ||||||
| Blackstone Group, Inc. (The) (b) |
5,094 | 592,636 | ||||||
| Brookfield Asset Management, Inc. - Class A |
11,652 | 624,365 | ||||||
| Charles Schwab Corp. (The) |
20,197 | 1,471,150 | ||||||
| CI Financial Corp. |
10,349 | 210,069 | ||||||
| CME Group, Inc. |
2,280 | 440,906 | ||||||
| Credit Suisse Group AG |
65,138 | 645,829 | ||||||
| Capital Markets—(Continued) | ||||||||
| Daiwa Securities Group, Inc. |
17,900 | 104,559 | ||||||
| Deutsche Bank AG (a) |
31,604 | 405,330 | ||||||
| EQT AB |
1,555 | 64,050 | ||||||
| Euronext NV |
3,571 | 402,968 | ||||||
| FactSet Research Systems, Inc. |
1,149 | 453,602 | ||||||
| Federated Hermes, Inc. |
8,376 | 272,220 | ||||||
| Franklin Resources, Inc. (b) |
10,386 | 308,672 | ||||||
| Goldman Sachs Group, Inc. (The) |
2,177 | 822,971 | ||||||
| Hamilton Lane, Inc. - Class A |
1,193 | 101,190 | ||||||
| Hong Kong Exchanges & Clearing, Ltd. |
12,600 | 764,798 | ||||||
| Houlihan Lokey, Inc. |
3,149 | 290,023 | ||||||
| IG Group Holdings plc |
20,429 | 220,473 | ||||||
| IntegraFin Holdings plc |
5,697 | 39,384 | ||||||
| Intercontinental Exchange, Inc. |
4,386 | 503,601 | ||||||
| Invesco, Ltd. |
8,719 | 210,215 | ||||||
| Janus Henderson Group plc |
2,991 | 123,618 | ||||||
| Julius Baer Group, Ltd. |
3,364 | 222,500 | ||||||
| London Stock Exchange Group plc |
2,570 | 256,762 | ||||||
| LPL Financial Holdings, Inc. |
793 | 124,311 | ||||||
| Macquarie Group, Ltd. |
4,622 | 606,419 | ||||||
| Man Group plc |
48,044 | 132,127 | ||||||
| Moody’s Corp. |
9,323 | 3,310,691 | ||||||
| Morgan Stanley |
42,905 | 4,175,086 | ||||||
| MSCI, Inc. |
522 | 317,554 | ||||||
| Nasdaq, Inc. (b) |
11,965 | 2,309,484 | ||||||
| Nomura Holdings, Inc. |
79,300 | 389,773 | ||||||
| Northern Trust Corp. |
1,519 | 163,763 | ||||||
| Partners Group Holding AG |
236 | 367,384 | ||||||
| Rathbone Brothers plc |
2,180 | 58,757 | ||||||
| S&P Global, Inc. |
3,727 | 1,583,565 | ||||||
| SEI Investments Co. |
3,111 | 184,482 | ||||||
| State Street Corp. (b) |
9,210 | 780,271 | ||||||
| T. Rowe Price Group, Inc. |
2,992 | 588,526 | ||||||
| UBS Group AG |
54,429 | 869,774 | ||||||
| Virtus Investment Partners, Inc. |
173 | 53,685 | ||||||
|
|
|
|||||||
| 31,380,319 | ||||||||
|
|
|
|||||||
| Chemicals—0.9% | ||||||||
| Air Liquide S.A. |
8,219 | 1,315,098 | ||||||
| Air Products & Chemicals, Inc. (b) |
2,687 | 688,168 | ||||||
| Albemarle Corp. |
631 | 138,170 | ||||||
| BASF SE |
10,222 | 778,842 | ||||||
| Chemours Co. (The) |
4,956 | 144,021 | ||||||
| Chr Hansen Holding A/S |
2,290 | 187,009 | ||||||
| Corteva, Inc. |
22,008 | 926,097 | ||||||
| Covestro AG |
1,348 | 92,583 | ||||||
| Denka Co., Ltd. |
2,100 | 73,754 | ||||||
| Dow, Inc. |
7,385 | 425,081 | ||||||
| DuPont de Nemours, Inc. |
5,913 | 402,025 | ||||||
| Ecolab, Inc. |
2,013 | 419,952 | ||||||
| Givaudan S.A. |
162 | 739,906 | ||||||
| Hansol Chemical Co., Ltd. |
147 | 42,645 | ||||||
| Hanwha Solutions Corp. (a) |
1,506 | 56,658 | ||||||
| Ingevity Corp. (a) |
926 | 66,089 | ||||||
| International Flavors & Fragrances, Inc. |
1,265 | 169,156 | ||||||
| Koninklijke DSM NV |
1,439 | 287,626 | ||||||
BHFTI-321
Brighthouse Funds Trust I
Schroders Global Multi-Asset Portfolio
Consolidated Schedule of Investments as of September 30, 2021 (Unaudited)
Common Stocks—(Continued)
| Security Description | Shares | Value | ||||||
| Chemicals—(Continued) | ||||||||
| Linde plc |
3,624 | $ | 1,063,209 | |||||
| Livent Corp. (a) |
2,533 | 58,538 | ||||||
| LyondellBasell Industries NV - Class A |
3,551 | 333,261 | ||||||
| Mitsubishi Gas Chemical Co., Inc. |
5,400 | 106,643 | ||||||
| Mosaic Co. (The) |
5,177 | 184,922 | ||||||
| RPM International, Inc. |
1,426 | 110,729 | ||||||
| Sherwin-Williams Co. (The) (b) |
8,591 | 2,403,160 | ||||||
| Shin-Etsu Chemical Co., Ltd. |
2,900 | 489,128 | ||||||
| Sika AG |
2,530 | 800,226 | ||||||
| Sumitomo Chemical Co., Ltd. (b) |
39,400 | 205,529 | ||||||
| Tosoh Corp. |
5,600 | 101,618 | ||||||
| Trinseo S.A. |
1,079 | 58,244 | ||||||
| Tronox Holding plc - Class A |
3,675 | 90,589 | ||||||
| Umicore S.A. |
3,316 | 196,500 | ||||||
| Valvoline, Inc. |
4,221 | 131,611 | ||||||
| Wacker Chemie AG |
433 | 81,258 | ||||||
| Yara International ASA |
2,961 | 146,551 | ||||||
|
|
|
|||||||
| 13,514,596 | ||||||||
|
|
|
|||||||
| Commercial Services & Supplies—0.2% | ||||||||
| Befesa S.A. |
554 | 42,282 | ||||||
| Cintas Corp. |
690 | 262,656 | ||||||
| Copart, Inc. (a) |
2,674 | 370,937 | ||||||
| Deluxe Corp. |
1,460 | 52,399 | ||||||
| Harsco Corp. (a) |
2,011 | 34,087 | ||||||
| Republic Services, Inc. |
6,370 | 764,782 | ||||||
| TOPPAN, Inc. |
7,800 | 132,660 | ||||||
| Waste Management, Inc. |
12,042 | 1,798,593 | ||||||
|
|
|
|||||||
| 3,458,396 | ||||||||
|
|
|
|||||||
| Communications Equipment—0.2% | ||||||||
| Arista Networks, Inc. (a) |
635 | 218,211 | ||||||
| Cisco Systems, Inc. (b) |
43,461 | 2,365,582 | ||||||
| Nokia Oyj (a) |
44,074 | 242,469 | ||||||
| Telefonaktiebolaget LM Ericsson - B Shares |
26,669 | 301,423 | ||||||
| Ubiquiti, Inc. (b) |
168 | 50,177 | ||||||
|
|
|
|||||||
| 3,177,862 | ||||||||
|
|
|
|||||||
| Construction & Engineering—0.1% | ||||||||
| China Conch Venture Holdings, Ltd. |
35,000 | 161,180 | ||||||
| Kajima Corp. (b) |
9,600 | 123,711 | ||||||
| MasTec, Inc. (a) |
595 | 51,337 | ||||||
| Obayashi Corp. (b) |
19,200 | 159,423 | ||||||
| Taisei Corp. (b) |
2,400 | 77,275 | ||||||
| Vinci S.A. |
6,973 | 722,290 | ||||||
|
|
|
|||||||
| 1,295,216 | ||||||||
|
|
|
|||||||
| Construction Materials—0.2% | ||||||||
| CRH plc |
12,144 | 566,469 | ||||||
| James Hardie Industries plc |
12,376 | 443,914 | ||||||
| Vulcan Materials Co. |
11,285 | 1,908,970 | ||||||
|
|
|
|||||||
| 2,919,353 | ||||||||
|
|
|
|||||||
| Consumer Finance—0.4% | ||||||||
| Ally Financial, Inc. |
6,690 | 341,525 | ||||||
| American Express Co. |
21,036 | 3,524,161 | ||||||
| Capital One Financial Corp. |
8,233 | 1,333,499 | ||||||
| Credit Saison Co., Ltd. |
3,200 | 42,154 | ||||||
| Discover Financial Services (b) |
6,544 | 803,930 | ||||||
| Synchrony Financial |
7,884 | 385,370 | ||||||
|
|
|
|||||||
| 6,430,639 | ||||||||
|
|
|
|||||||
| Containers & Packaging—0.3% | ||||||||
| Ball Corp. (b) |
18,222 | 1,639,434 | ||||||
| International Paper Co. |
26,026 | 1,455,374 | ||||||
| Rengo Co., Ltd. |
4,900 | 38,304 | ||||||
| Sealed Air Corp. (b) |
23,186 | 1,270,361 | ||||||
| Smurfit Kappa Group plc |
6,514 | 341,476 | ||||||
| Toyo Seikan Group Holdings, Ltd. (b) |
5,500 | 64,617 | ||||||
|
|
|
|||||||
| 4,809,566 | ||||||||
|
|
|
|||||||
| Distributors—0.0% | ||||||||
| Pool Corp. |
495 | 215,033 | ||||||
|
|
|
|||||||
| Diversified Consumer Services—0.0% | ||||||||
| H&R Block, Inc. (b) |
8,832 | 220,800 | ||||||
|
|
|
|||||||
| Diversified Financial Services—0.2% | ||||||||
| Berkshire Hathaway, Inc. - Class B (a) |
9,288 | 2,535,067 | ||||||
| Equitable Holdings, Inc. |
5,915 | 175,320 | ||||||
| ORIX Corp. |
8,300 | 155,110 | ||||||
| Plus500, Ltd. |
3,410 | 63,520 | ||||||
| Zenkoku Hosho Co., Ltd. |
1,600 | 78,043 | ||||||
|
|
|
|||||||
| 3,007,060 | ||||||||
|
|
|
|||||||
| Diversified Telecommunication Services—0.5% | ||||||||
| AT&T, Inc. |
56,646 | 1,530,008 | ||||||
| BCE, Inc. (b) |
10,016 | 501,749 | ||||||
| BT Group plc (a) |
22,181 | 47,638 | ||||||
| Deutsche Telekom AG |
25,822 | 520,627 | ||||||
| Gamma Communications plc |
2,311 | 56,983 | ||||||
| Liberty Global plc - Class A (a) |
10,222 | 304,616 | ||||||
| Nippon Telegraph & Telephone Corp. |
16,300 | 450,614 | ||||||
| Orange S.A. |
16,802 | 182,022 | ||||||
| Spark New Zealand, Ltd. |
113,354 | 373,725 | ||||||
| Swisscom AG |
369 | 211,876 | ||||||
| Telecom Italia S.p.A. |
549,020 | 215,152 | ||||||
| Verizon Communications, Inc. |
44,673 | 2,412,789 | ||||||
|
|
|
|||||||
| 6,807,799 | ||||||||
|
|
|
|||||||
| Electric Utilities—0.5% | ||||||||
| Avangrid, Inc. (b) |
2,651 | 128,839 | ||||||
| Duke Energy Corp. |
3,664 | 357,570 | ||||||
| Edison International (b) |
3,227 | 179,002 | ||||||
| Enel S.p.A. |
70,986 | 544,998 | ||||||
| Evergy, Inc. |
9,960 | 619,512 | ||||||
| Eversource Energy |
5,131 | 419,511 | ||||||
| Exelon Corp. |
9,892 | 478,179 | ||||||
| Iberdrola S.A. |
51,342 | 512,781 | ||||||
BHFTI-322
Brighthouse Funds Trust I
Schroders Global Multi-Asset Portfolio
Consolidated Schedule of Investments as of September 30, 2021 (Unaudited)
Common Stocks—(Continued)
| Security Description | Shares | Value | ||||||
| Electric Utilities—(Continued) | ||||||||
| NextEra Energy, Inc. |
40,556 | $ | 3,184,457 | |||||
| Orsted A/S |
2,860 | 377,350 | ||||||
| Red Electrica Corp. S.A. |
19,067 | 381,118 | ||||||
| Southern Co. (The) (b) |
9,275 | 574,772 | ||||||
| Terna - Rete Elettrica Nazionale |
33,599 | 238,312 | ||||||
| Verbund AG |
1,331 | 134,451 | ||||||
|
|
|
|||||||
| 8,130,852 | ||||||||
|
|
|
|||||||
| Electrical Equipment—0.4% | ||||||||
| ABB, Ltd. |
25,765 | 858,803 | ||||||
| Atkore, Inc. (a) |
1,247 | 108,389 | ||||||
| Ballard Power Systems, Inc. (a) (b) |
7,305 | 102,544 | ||||||
| Eaton Corp. plc |
5,399 | 806,125 | ||||||
| Emerson Electric Co. |
9,503 | 895,183 | ||||||
| EnerSys |
519 | 38,634 | ||||||
| Generac Holdings, Inc. (a) |
876 | 357,995 | ||||||
| GrafTech International, Ltd. |
4,382 | 45,222 | ||||||
| GS Yuasa Corp. (b) |
1,900 | 43,120 | ||||||
| Legrand S.A. |
3,075 | 329,804 | ||||||
| Nidec Corp. |
4,000 | 443,741 | ||||||
| Prysmian S.p.A. |
3,786 | 132,815 | ||||||
| Schneider Electric SE |
3,071 | 510,585 | ||||||
| Sensata Technologies Holding plc (a) |
7,358 | 402,630 | ||||||
| Shoals Technologies Group, Inc. - Class A (a) (b) |
1,805 | 50,323 | ||||||
| Siemens Energy AG (a) |
4,629 | 124,392 | ||||||
| Siemens Gamesa Renewable Energy S.A. (a) |
871 | 22,016 | ||||||
| Signify NV |
1,367 | 67,916 | ||||||
| Somfy S.A. |
320 | 57,913 | ||||||
| Vestas Wind Systems A/S |
20,320 | 813,543 | ||||||
| Xinjiang Goldwind Science & Technology Co., Ltd. - Class H |
27,200 | 57,036 | ||||||
|
|
|
|||||||
| 6,268,729 | ||||||||
|
|
|
|||||||
| Electronic Equipment, Instruments & Components—0.5% | ||||||||
| Alps Alpine Co., Ltd. |
5,800 | 63,004 | ||||||
| Arrow Electronics, Inc. (a) |
558 | 62,658 | ||||||
| AU Optronics Corp. |
104,000 | 64,852 | ||||||
| Avnet, Inc. |
2,978 | 110,097 | ||||||
| Cognex Corp. |
2,273 | 182,340 | ||||||
| Corning, Inc. (b) |
15,004 | 547,496 | ||||||
| Flex, Ltd. (a) |
5,924 | 104,736 | ||||||
| Hexagon AB - B Shares |
10,398 | 160,214 | ||||||
| Horiba, Ltd. |
800 | 56,020 | ||||||
| Keyence Corp. |
2,100 | 1,258,289 | ||||||
| Keysight Technologies, Inc. (a) |
1,480 | 243,149 | ||||||
| Murata Manufacturing Co., Ltd. |
6,000 | 534,089 | ||||||
| Simplo Technology Co., Ltd. |
3,000 | 30,859 | ||||||
| Strix Group plc |
8,597 | 39,521 | ||||||
| Taiyo Yuden Co., Ltd. |
1,100 | 64,739 | ||||||
| Trimble, Inc. (a) (b) |
14,941 | 1,228,897 | ||||||
| TXC Corp. |
11,000 | 40,525 | ||||||
| Vontier Corp. |
9,019 | 303,038 | ||||||
| Yokogawa Electric Corp. |
18,200 | 318,230 | ||||||
| Zebra Technologies Corp. - Class A (a) |
2,971 | 1,531,313 | ||||||
|
|
|
|||||||
| 6,944,066 | ||||||||
|
|
|
|||||||
| Energy Equipment & Services—0.2% | ||||||||
| Schlumberger NV |
75,415 | 2,235,300 | ||||||
| Subsea 7 S.A. |
7,352 | 63,801 | ||||||
| TechnipFMC plc (a) |
1,654 | 12,287 | ||||||
| Tenaris S.A. |
1,812 | 19,108 | ||||||
|
|
|
|||||||
| 2,330,496 | ||||||||
|
|
|
|||||||
| Entertainment—0.7% | ||||||||
| Activision Blizzard, Inc. |
36,141 | 2,796,952 | ||||||
| Electronic Arts, Inc. |
2,345 | 333,576 | ||||||
| International Games System Co., Ltd. |
2,000 | 46,539 | ||||||
| Koei Tecmo Holdings Co., Ltd. |
7,860 | 373,872 | ||||||
| Liberty Media Corp.-Liberty Formula One - Class C (a) (b) |
7,238 | 372,106 | ||||||
| NCSoft Corp. |
154 | 77,968 | ||||||
| Netflix, Inc. (a) |
4,598 | 2,806,343 | ||||||
| Nintendo Co., Ltd. |
900 | 437,813 | ||||||
| Roku, Inc. (a) |
474 | 148,528 | ||||||
| Take-Two Interactive Software, Inc. (a) |
1,318 | 203,064 | ||||||
| Walt Disney Co. (The) (a) |
14,988 | 2,535,520 | ||||||
|
|
|
|||||||
| 10,132,281 | ||||||||
|
|
|
|||||||
| Equity Real Estate Investment Trusts—0.6% | ||||||||
| American Tower Corp. |
2,706 | 718,199 | ||||||
| Crown Castle International Corp. |
2,783 | 482,350 | ||||||
| Daiwa House REIT Investment Corp. |
301 | 881,983 | ||||||
| Digital Realty Trust, Inc. |
1,953 | 282,111 | ||||||
| Equinix, Inc. |
586 | 463,016 | ||||||
| Equity Commonwealth (a) |
2,559 | 66,483 | ||||||
| Equity LifeStyle Properties, Inc. |
9,287 | 725,315 | ||||||
| Extra Space Storage, Inc. |
4,839 | 812,904 | ||||||
| Highwoods Properties, Inc. |
1,533 | 67,237 | ||||||
| Orix JREIT, Inc. |
310 | 540,000 | ||||||
| PotlatchDeltic Corp. |
2,316 | 119,459 | ||||||
| Prologis, Inc. |
5,645 | 708,052 | ||||||
| Public Storage |
1,589 | 472,092 | ||||||
| SBA Communications Corp. |
992 | 327,925 | ||||||
| Simon Property Group, Inc. |
9,902 | 1,286,963 | ||||||
| Terreno Realty Corp. |
691 | 43,692 | ||||||
| Ventas, Inc. |
4,609 | 254,463 | ||||||
| Vicinity Centres |
66,200 | 78,876 | ||||||
| Welltower, Inc. |
5,492 | 452,541 | ||||||
| Weyerhaeuser Co. (b) |
17,064 | 606,967 | ||||||
|
|
|
|||||||
| 9,390,628 | ||||||||
|
|
|
|||||||
| Food & Staples Retailing—0.5% | ||||||||
| Costco Wholesale Corp. |
9,842 | 4,422,503 | ||||||
| Endeavour Group, Ltd. |
8,626 | 43,315 | ||||||
| Kesko Oyj - B Shares |
7,127 | 246,010 | ||||||
| Koninklijke Ahold Delhaize NV |
12,732 | 422,108 | ||||||
| Kroger Co. (The) |
5,666 | 229,076 | ||||||
| Seven & i Holdings Co., Ltd. |
8,800 | 399,340 | ||||||
| Sysco Corp. |
4,234 | 332,369 | ||||||
| Walgreens Boots Alliance, Inc. |
5,422 | 255,105 | ||||||
| Walmart, Inc. |
6,876 | 958,377 | ||||||
| Woolworths Group, Ltd. |
8,626 | 244,935 | ||||||
|
|
|
|||||||
| 7,553,138 | ||||||||
|
|
|
|||||||
BHFTI-323
Brighthouse Funds Trust I
Schroders Global Multi-Asset Portfolio
Consolidated Schedule of Investments as of September 30, 2021 (Unaudited)
Common Stocks—(Continued)
| Security Description | Shares | Value | ||||||
| Food Products—0.5% | ||||||||
| Conagra Brands, Inc. (b) |
4,462 | $ | 151,128 | |||||
| Danone S.A. |
7,420 | 506,452 | ||||||
| Darling Ingredients, Inc. (a) |
910 | 65,429 | ||||||
| General Mills, Inc. (b) |
8,249 | 493,455 | ||||||
| Hershey Co. (The) |
5,166 | 874,346 | ||||||
| Kraft Heinz Co. (The) |
5,308 | 195,441 | ||||||
| Mondelez International, Inc. - Class A |
9,924 | 577,378 | ||||||
| Nestle S.A. |
34,817 | 4,189,143 | ||||||
| Viscofan S.A. |
630 | 41,199 | ||||||
|
|
|
|||||||
| 7,093,971 | ||||||||
|
|
|
|||||||
| Gas Utilities—0.0% | ||||||||
| Enagas S.A. |
915 | 20,335 | ||||||
| Hong Kong & China Gas Co., Ltd. |
245,857 | 372,406 | ||||||
| National Fuel Gas Co. |
832 | 43,697 | ||||||
| Osaka Gas Co., Ltd. |
6,700 | 123,150 | ||||||
| Snam S.p.A. |
7,982 | 44,245 | ||||||
|
|
|
|||||||
| 603,833 | ||||||||
|
|
|
|||||||
| Health Care Equipment & Supplies—1.6% | ||||||||
| Abbott Laboratories |
18,597 | 2,196,864 | ||||||
| Align Technology, Inc. (a) |
1,009 | 671,419 | ||||||
| Baxter International, Inc. |
6,958 | 559,632 | ||||||
| Becton Dickinson & Co. |
3,615 | 888,639 | ||||||
| Boston Scientific Corp. (a) |
12,084 | 524,325 | ||||||
| Danaher Corp. |
13,741 | 4,183,310 | ||||||
| DexCom, Inc. (a) (b) |
2,732 | 1,494,022 | ||||||
| Edwards Lifesciences Corp. (a) (b) |
27,807 | 3,148,030 | ||||||
| Hoya Corp. |
4,700 | 735,070 | ||||||
| IDEXX Laboratories, Inc. (a) |
2,855 | 1,775,524 | ||||||
| Inmode, Ltd. (a) |
622 | 99,178 | ||||||
| Intuitive Surgical, Inc. (a) |
1,015 | 1,009,062 | ||||||
| Koninklijke Philips NV |
7,780 | 344,832 | ||||||
| Medtronic plc |
15,421 | 1,933,022 | ||||||
| Olympus Corp. |
9,600 | 210,828 | ||||||
| ResMed, Inc. |
870 | 229,289 | ||||||
| STAAR Surgical Co. (a) |
297 | 38,173 | ||||||
| STERIS plc |
1,328 | 271,284 | ||||||
| Straumann Holding AG |
55 | 98,423 | ||||||
| Stryker Corp. (b) |
6,039 | 1,592,605 | ||||||
| Sysmex Corp. |
2,400 | 296,475 | ||||||
| West Pharmaceutical Services, Inc. |
2,966 | 1,259,186 | ||||||
| Zimmer Biomet Holdings, Inc. |
1,922 | 281,304 | ||||||
|
|
|
|||||||
| 23,840,496 | ||||||||
|
|
|
|||||||
| Health Care Providers & Services—0.9% | ||||||||
| Anthem, Inc. |
1,612 | 600,954 | ||||||
| Centene Corp. (a) |
4,597 | 286,439 | ||||||
| Cigna Corp. |
2,484 | 497,197 | ||||||
| CVS Health Corp. |
10,729 | 910,463 | ||||||
| Fresenius Medical Care AG & Co. KGaA |
1,748 | 123,229 | ||||||
| HCA Healthcare, Inc. |
11,601 | 2,815,795 | ||||||
| Humana, Inc. |
949 | 369,303 | ||||||
| McKesson Corp. |
1,739 | 346,722 | ||||||
| UnitedHealth Group, Inc. |
18,219 | 7,118,892 | ||||||
|
|
|
|||||||
| 13,068,994 | ||||||||
|
|
|
|||||||
| Health Care Technology—0.1% | ||||||||
| Cerner Corp. |
3,685 | 259,866 | ||||||
| M3, Inc. |
3,000 | 214,169 | ||||||
| Omnicell, Inc. (a) |
400 | 59,372 | ||||||
| Veeva Systems, Inc. - Class A (a) |
1,849 | 532,826 | ||||||
|
|
|
|||||||
| 1,066,233 | ||||||||
|
|
|
|||||||
| Hotels, Restaurants & Leisure—0.5% | ||||||||
| Aristocrat Leisure, Ltd. |
16,820 | 563,040 | ||||||
| Chipotle Mexican Grill, Inc. (a) |
242 | 439,840 | ||||||
| Compass Group plc (a) |
13,620 | 278,669 | ||||||
| DraftKings, Inc. - Class A (a) (b) |
21,957 | 1,057,449 | ||||||
| Galaxy Entertainment Group, Ltd. (a) |
38,000 | 191,731 | ||||||
| Las Vegas Sands Corp. (a) (b) |
4,211 | 154,122 | ||||||
| Marriott International, Inc. - Class A (a) |
3,604 | 533,716 | ||||||
| McDonald’s Corp. |
8,542 | 2,059,562 | ||||||
| Oriental Land Co., Ltd. |
2,300 | 372,485 | ||||||
| Starbucks Corp. |
8,016 | 884,245 | ||||||
| Wyndham Hotels & Resorts, Inc. |
17,284 | 1,334,152 | ||||||
| Yum! Brands, Inc. |
3,332 | 407,537 | ||||||
|
|
|
|||||||
| 8,276,548 | ||||||||
|
|
|
|||||||
| Household Durables—0.4% | ||||||||
| Century Communities, Inc. |
1,207 | 74,170 | ||||||
| DR Horton, Inc. |
4,906 | 411,957 | ||||||
| Garmin, Ltd. |
1,433 | 222,774 | ||||||
| JS Global Lifestyle Co., Ltd. |
21,500 | 49,910 | ||||||
| Lennar Corp. - Class A (b) |
5,099 | 477,674 | ||||||
| LG Electronics, Inc. |
692 | 73,415 | ||||||
| M/I Homes, Inc. (a) |
682 | 39,420 | ||||||
| MDC Holdings, Inc. |
2,106 | 98,392 | ||||||
| Meritage Homes Corp. (a) |
1,113 | 107,961 | ||||||
| NVR, Inc. (a) |
257 | 1,232,079 | ||||||
| Panasonic Corp. |
19,400 | 240,796 | ||||||
| Sekisui Chemical Co., Ltd. |
34,700 | 597,432 | ||||||
| Sony Group Corp. |
9,400 | 1,046,797 | ||||||
| Tempur Sealy International, Inc. |
2,723 | 126,374 | ||||||
| Toll Brothers, Inc. |
1,658 | 91,671 | ||||||
| TopBuild Corp. (a) (b) |
5,029 | 1,029,990 | ||||||
| TRI Pointe Group, Inc. (a) |
3,468 | 72,897 | ||||||
| Whirlpool Corp. (b) |
800 | 163,088 | ||||||
|
|
|
|||||||
| 6,156,797 | ||||||||
|
|
|
|||||||
| Household Products—0.7% | ||||||||
| Church & Dwight Co., Inc. |
6,624 | 546,944 | ||||||
| Clorox Co. (The) (b) |
5,108 | 845,936 | ||||||
| Colgate-Palmolive Co. |
18,036 | 1,363,161 | ||||||
| Essity AB - Class B |
20,656 | 641,130 | ||||||
| Kimberly-Clark Corp. (b) |
9,761 | 1,292,747 | ||||||
| Procter & Gamble Co. (The) |
36,417 | 5,091,096 | ||||||
| Reckitt Benckiser Group plc |
17,204 | 1,346,546 | ||||||
|
|
|
|||||||
| 11,127,560 | ||||||||
|
|
|
|||||||
| Independent Power and Renewable Electricity Producers—0.0% | ||||||||
| China Longyuan Power Group Corp., Ltd. - Class H |
40,000 | 97,741 | ||||||
| Drax Group plc |
11,735 | 75,901 | ||||||
BHFTI-324
Brighthouse Funds Trust I
Schroders Global Multi-Asset Portfolio
Consolidated Schedule of Investments as of September 30, 2021 (Unaudited)
Common Stocks—(Continued)
| Security Description | Shares | Value | ||||||
| Independent Power and Renewable Electricity Producers—(Continued) | ||||||||
| TransAlta Renewables, Inc. |
2,399 | $ | 35,968 | |||||
|
|
|
|||||||
| 209,610 | ||||||||
|
|
|
|||||||
| Industrial Conglomerates—0.5% | ||||||||
| 3M Co. (b) |
14,937 | 2,620,249 | ||||||
| General Electric Co. |
6,328 | 651,974 | ||||||
| Hitachi, Ltd. |
10,500 | 622,585 | ||||||
| Honeywell International, Inc. |
10,373 | 2,201,980 | ||||||
| LG Corp. |
793 | 61,674 | ||||||
| Roper Technologies, Inc. (b) |
2,202 | 982,378 | ||||||
| Siemens AG |
7,025 | 1,154,748 | ||||||
|
|
|
|||||||
| 8,295,588 | ||||||||
|
|
|
|||||||
| Insurance—0.8% | ||||||||
| Admiral Group plc |
2,577 | 107,548 | ||||||
| Aegon NV |
15,746 | 80,840 | ||||||
| AIA Group, Ltd. |
84,800 | 976,399 | ||||||
| Alleghany Corp. (a) |
105 | 65,563 | ||||||
| Allianz SE |
3,772 | 850,751 | ||||||
| Allstate Corp. (The) |
1,811 | 230,558 | ||||||
| American International Group, Inc. |
12,120 | 665,267 | ||||||
| Aon plc - Class A |
3,133 | 895,317 | ||||||
| Arch Capital Group, Ltd. (a) |
3,002 | 114,616 | ||||||
| ASR Nederland NV |
5,219 | 237,440 | ||||||
| Assured Guaranty, Ltd. |
3,201 | 149,839 | ||||||
| Aviva plc |
27,200 | 144,770 | ||||||
| AXA S.A. |
27,102 | 753,977 | ||||||
| Axis Capital Holdings, Ltd. |
1,403 | 64,594 | ||||||
| Brown & Brown, Inc. |
5,429 | 301,038 | ||||||
| Chubb, Ltd. |
3,599 | 624,355 | ||||||
| Everest Re Group, Ltd. |
809 | 202,881 | ||||||
| Fairfax Financial Holdings, Ltd. |
256 | 103,344 | ||||||
| First American Financial Corp. |
1,096 | 73,487 | ||||||
| Legal & General Group plc |
72,517 | 273,844 | ||||||
| Loews Corp. |
1,792 | 96,643 | ||||||
| Manulife Financial Corp. |
42,932 | 826,371 | ||||||
| Marsh & McLennan Cos., Inc. |
9,091 | 1,376,650 | ||||||
| Muenchener Rueckversicherungs-Gesellschaft AG |
946 | 259,294 | ||||||
| NN Group NV |
4,819 | 251,492 | ||||||
| Old Republic International Corp. |
5,674 | 131,240 | ||||||
| Principal Financial Group, Inc. |
2,622 | 168,857 | ||||||
| Progressive Corp. (The) |
4,503 | 407,026 | ||||||
| Prudential Financial, Inc. |
2,969 | 312,339 | ||||||
| Prudential plc |
21,257 | 412,655 | ||||||
| RenaissanceRe Holdings, Ltd. |
1,537 | 214,258 | ||||||
| Unum Group |
6,591 | 165,170 | ||||||
| Willis Towers Watson plc |
931 | 216,420 | ||||||
| Zurich Insurance Group AG |
1,797 | 732,724 | ||||||
|
|
|
|||||||
| 12,487,567 | ||||||||
|
|
|
|||||||
| Interactive Media & Services—2.6% | ||||||||
| Alphabet, Inc. - Class A (a) |
4,908 | 13,121,636 | ||||||
| Alphabet, Inc. - Class C (a) |
4,515 | 12,033,875 | ||||||
| Auto Trader Group plc |
46,404 | 367,190 | ||||||
| Facebook, Inc. - Class A (a) |
31,053 | 10,539,078 | ||||||
| IAC/InterActiveCorp. (a) |
1,233 | 160,647 | ||||||
| Interactive Media & Services—(Continued) | ||||||||
| Kakaku.com, Inc. |
2,100 | 67,985 | ||||||
| Match Group, Inc. (a) (b) |
4,315 | 677,412 | ||||||
| Pinterest, Inc. - Class A (a) |
8,165 | 416,007 | ||||||
| Rightmove plc |
37,200 | 341,234 | ||||||
| Snap, Inc. - Class A (a) (b) |
10,770 | 795,580 | ||||||
| Tencent Holdings, Ltd. |
1,800 | 105,541 | ||||||
| Twitter, Inc. (a) |
10,542 | 636,631 | ||||||
|
|
|
|||||||
| 39,262,816 | ||||||||
|
|
|
|||||||
| Internet & Direct Marketing Retail—1.6% | ||||||||
| Alibaba Group Holding, Ltd. (a) |
2,800 | 52,080 | ||||||
| Alibaba Group Holding, Ltd. (ADR) (a) |
712 | 105,412 | ||||||
| Amazon.com, Inc. (a) |
5,577 | 18,320,668 | ||||||
| Booking Holdings, Inc. (a) |
1,423 | 3,378,017 | ||||||
| eBay, Inc. |
10,962 | 763,723 | ||||||
| Etsy, Inc. (a) |
812 | 168,863 | ||||||
| Just Eat Takeaway.com NV (a) |
1,692 | 123,297 | ||||||
| MercadoLibre, Inc. (a) |
267 | 448,400 | ||||||
| Mercari, Inc. (a) (b) |
4,000 | 220,206 | ||||||
| Moneysupermarket.com Group plc |
12,007 | 34,372 | ||||||
| Prosus NV |
7,029 | 553,591 | ||||||
| Revolve Group, Inc. (a) |
1,575 | 97,288 | ||||||
| Shutterstock, Inc. |
695 | 78,757 | ||||||
| ZOZO, Inc. |
2,100 | 78,633 | ||||||
|
|
|
|||||||
| 24,423,307 | ||||||||
|
|
|
|||||||
| IT Services—2.1% | ||||||||
| Accenture plc - Class A |
14,467 | 4,628,283 | ||||||
| Adyen NV (a) |
82 | 228,006 | ||||||
| Amadeus IT Group S.A. (a) |
3,798 | 249,500 | ||||||
| Amdocs, Ltd. |
6,013 | 455,244 | ||||||
| Automatic Data Processing, Inc. |
6,118 | 1,223,111 | ||||||
| Cognizant Technology Solutions Corp. - Class A (b) |
4,078 | 302,628 | ||||||
| Endava plc (ADR) (a) |
591 | 80,287 | ||||||
| EPAM Systems, Inc. (a) |
562 | 320,610 | ||||||
| EVERTEC, Inc. |
1,970 | 90,068 | ||||||
| Fidelity National Information Services, Inc. |
5,589 | 680,070 | ||||||
| Fiserv, Inc. (a) |
4,272 | 463,512 | ||||||
| Fujitsu, Ltd. |
2,000 | 363,221 | ||||||
| Global Payments, Inc. |
4,018 | 633,157 | ||||||
| Infosys, Ltd. (ADR) |
6,826 | 151,879 | ||||||
| International Business Machines Corp. |
5,208 | 723,548 | ||||||
| Jack Henry & Associates, Inc. |
1,239 | 203,270 | ||||||
| MasterCard, Inc. - Class A (b) |
14,852 | 5,163,743 | ||||||
| Nomura Research Institute, Ltd. |
4,400 | 162,160 | ||||||
| Nuvei Corp. (a) |
770 | 88,210 | ||||||
| Obic Co., Ltd. |
400 | 76,539 | ||||||
| Okta, Inc. (a) |
2,047 | 485,835 | ||||||
| Paychex, Inc. |
2,777 | 312,274 | ||||||
| PayPal Holdings, Inc. (a) |
13,221 | 3,440,236 | ||||||
| Perficient, Inc. (a) (b) |
512 | 59,238 | ||||||
| Shopify, Inc. - Class A (a) |
964 | 1,308,486 | ||||||
| Square, Inc. - Class A (a) (b) |
7,638 | 1,831,898 | ||||||
| Twilio, Inc. - Class A (a) (b) |
1,445 | 461,027 | ||||||
| VeriSign, Inc. (a) |
1,535 | 314,690 | ||||||
| Visa, Inc. - Class A |
33,815 | 7,532,291 | ||||||
BHFTI-325
Brighthouse Funds Trust I
Schroders Global Multi-Asset Portfolio
Consolidated Schedule of Investments as of September 30, 2021 (Unaudited)
Common Stocks—(Continued)
| Security Description | Shares | Value | ||||||
| IT Services—(Continued) | ||||||||
| Western Union Co. (The) |
11,439 | $ | 231,297 | |||||
|
|
|
|||||||
| 32,264,318 | ||||||||
|
|
|
|||||||
| Leisure Products—0.1% | ||||||||
| BRP, Inc. |
1,332 | 123,294 | ||||||
| Brunswick Corp. |
1,705 | 162,435 | ||||||
| Malibu Boats, Inc. - Class A (a) |
983 | 68,790 | ||||||
| MIPS AB |
1,142 | 114,526 | ||||||
| Peloton Interactive, Inc. - Class A (a) |
2,092 | 182,109 | ||||||
| Shimano, Inc. |
700 | 203,924 | ||||||
| Thule Group AB |
4,038 | 201,889 | ||||||
| YETI Holdings, Inc. (a) |
3,471 | 297,430 | ||||||
|
|
|
|||||||
| 1,354,397 | ||||||||
|
|
|
|||||||
| Life Sciences Tools & Services—0.4% | ||||||||
| 10X Genomics, Inc. - Class A (a) |
1,984 | 288,831 | ||||||
| Agilent Technologies, Inc. |
4,455 | 701,796 | ||||||
| Bio-Techne Corp. |
375 | 181,714 | ||||||
| Bruker Corp. |
841 | 65,682 | ||||||
| Charles River Laboratories International, Inc. (a) |
336 | 138,657 | ||||||
| Illumina, Inc. (a) |
1,770 | 717,930 | ||||||
| IQVIA Holdings, Inc. (a) |
1,564 | 374,640 | ||||||
| Lonza Group AG |
540 | 404,563 | ||||||
| Mettler-Toledo International, Inc. (a) |
173 | 238,283 | ||||||
| Sartorius Stedim Biotech |
256 | 142,895 | ||||||
| Thermo Fisher Scientific, Inc. |
5,717 | 3,266,294 | ||||||
| Waters Corp. (a) |
673 | 240,463 | ||||||
|
|
|
|||||||
| 6,761,748 | ||||||||
|
|
|
|||||||
| Machinery—0.9% | ||||||||
| Allison Transmission Holdings, Inc. |
4,331 | 152,971 | ||||||
| Atlas Copco AB - A Shares |
19,656 | 1,192,339 | ||||||
| Caterpillar, Inc. |
3,596 | 690,324 | ||||||
| Chart Industries, Inc. (a) (b) |
653 | 124,795 | ||||||
| Deere & Co. |
7,844 | 2,628,289 | ||||||
| Epiroc AB - A Shares |
22,170 | 456,976 | ||||||
| FANUC Corp. |
1,200 | 262,696 | ||||||
| Harmonic Drive Systems, Inc. (b) |
1,600 | 77,164 | ||||||
| IDEX Corp. (b) |
2,336 | 483,435 | ||||||
| Illinois Tool Works, Inc. (b) |
5,683 | 1,174,278 | ||||||
| Komatsu, Ltd. |
23,000 | 553,048 | ||||||
| Meritor, Inc. (a) |
2,410 | 51,357 | ||||||
| NSK, Ltd. (b) |
9,400 | 63,796 | ||||||
| Otis Worldwide Corp. |
24,130 | 1,985,416 | ||||||
| Parker-Hannifin Corp. |
7,751 | 2,167,335 | ||||||
| SMC Corp. |
600 | 375,377 | ||||||
| Snap-on, Inc. |
1,751 | 365,871 | ||||||
| Spirax-Sarco Engineering plc |
483 | 97,068 | ||||||
| Stanley Black & Decker, Inc. |
2,652 | 464,922 | ||||||
| Sumitomo Heavy Industries, Ltd. |
3,100 | 80,309 | ||||||
| Toro Co. (The) |
2,577 | 251,026 | ||||||
| Volvo AB - B Shares |
16,501 | 370,733 | ||||||
| Yangzijiang Shipbuilding Holdings, Ltd. |
41,600 | 41,855 | ||||||
|
|
|
|||||||
| 14,111,380 | ||||||||
|
|
|
|||||||
| Marine—0.0% | ||||||||
| AP Moller - Maersk A/S - Class B |
39 | 105,494 | ||||||
| Mitsui OSK Lines, Ltd. (b) |
1,100 | 74,128 | ||||||
| Nippon Yusen KK |
2,100 | 157,959 | ||||||
| Pacific Basin Shipping, Ltd. |
110,000 | 50,941 | ||||||
| SITC International Holdings Co., Ltd. |
31,000 | 110,520 | ||||||
| Wan Hai Lines, Ltd. |
1,600 | 11,402 | ||||||
|
|
|
|||||||
| 510,444 | ||||||||
|
|
|
|||||||
| Media—0.7% | ||||||||
| AMC Networks, Inc. - Class A (a) (b) |
1,067 | 49,711 | ||||||
| Charter Communications, Inc. - Class A (a) |
3,035 | 2,208,145 | ||||||
| Comcast Corp. - Class A |
87,582 | 4,898,461 | ||||||
| Discovery, Inc. - Class A (a) (b) |
9,668 | 245,374 | ||||||
| Eutelsat Communications S.A. |
5,757 | 79,137 | ||||||
| Future plc |
1,788 | 87,666 | ||||||
| Gray Television, Inc. |
2,180 | 49,748 | ||||||
| Interpublic Group of Cos., Inc. (The) |
3,180 | 116,611 | ||||||
| ITV plc (a) |
148,811 | 211,077 | ||||||
| Liberty Broadband Corp. - Class C (a) |
3,596 | 621,029 | ||||||
| Mediaset Espana Comunicacion S.A. (a) |
31,263 | 177,218 | ||||||
| Metropole Television S.A. |
4,087 | 84,970 | ||||||
| Nexstar Media Group, Inc. - Class A |
1,439 | 218,670 | ||||||
| Omnicom Group, Inc. |
9,383 | 679,892 | ||||||
| TechTarget, Inc. (a) (b) |
608 | 50,111 | ||||||
| TEGNA, Inc. |
6,920 | 136,462 | ||||||
|
|
|
|||||||
| 9,914,282 | ||||||||
|
|
|
|||||||
| Metals & Mining—0.6% | ||||||||
| AMG Advanced Metallurgical Group NV |
1,208 | 39,024 | ||||||
| Anglo American Platinum, Ltd. |
857 | 74,168 | ||||||
| Anglo American plc |
13,329 | 459,782 | ||||||
| APERAM S.A. |
975 | 53,737 | ||||||
| ArcelorMittal S.A. |
3,735 | 112,699 | ||||||
| Argonaut Gold, Inc. (a) |
45,200 | 98,137 | ||||||
| B2Gold Corp. |
45,663 | 156,104 | ||||||
| Barrick Gold Corp. |
17,556 | 316,995 | ||||||
| BHP Group plc |
9,964 | 248,336 | ||||||
| BHP Group, Ltd. |
51,073 | 1,372,705 | ||||||
| BlueScope Steel, Ltd. |
6,541 | 94,894 | ||||||
| Centerra Gold, Inc. |
6,900 | 47,122 | ||||||
| Dowa Holdings Co., Ltd. |
1,300 | 51,290 | ||||||
| Equinox Gold Corp. (a) |
4,246 | 28,025 | ||||||
| First Quantum Minerals, Ltd. |
7,355 | 136,171 | ||||||
| Fortescue Metals Group, Ltd. |
20,724 | 218,546 | ||||||
| Franco-Nevada Corp. |
1,610 | 209,163 | ||||||
| Freeport-McMoRan, Inc. (b) |
14,939 | 485,966 | ||||||
| Ganfeng Lithium Co., Ltd. - Class H |
2,200 | 38,083 | ||||||
| Glencore plc |
96,443 | 455,458 | ||||||
| Hudbay Minerals, Inc. |
5,104 | 31,835 | ||||||
| IAMGOLD Corp. (a) |
18,249 | 41,351 | ||||||
| Impala Platinum Holdings, Ltd. |
9,033 | 101,063 | ||||||
| Kinross Gold Corp. |
18,564 | 99,518 | ||||||
| Kirkland Lake Gold, Ltd. |
5,973 | 248,804 | ||||||
| Kobe Steel, Ltd. (a) |
9,500 | 57,337 | ||||||
| Lynas Rare Earths, Ltd. (a) |
38,056 | 183,961 | ||||||
| Mineral Resources, Ltd. |
2,368 | 75,517 | ||||||
BHFTI-326
Brighthouse Funds Trust I
Schroders Global Multi-Asset Portfolio
Consolidated Schedule of Investments as of September 30, 2021 (Unaudited)
Common Stocks—(Continued)
| Security Description | Shares | Value | ||||||
| Metals & Mining—(Continued) | ||||||||
| MMC Norilsk Nickel PJSC (ADR) (b) |
2,541 | $ | 76,027 | |||||
| Newmont Corp. |
7,772 | 422,020 | ||||||
| Orocobre, Ltd. (a) |
10,200 | 62,798 | ||||||
| Perseus Mining, Ltd. (a) |
96,858 | 97,943 | ||||||
| Polymetal International plc |
4,895 | 82,899 | ||||||
| Rio Tinto plc |
16,761 | 1,106,664 | ||||||
| Rio Tinto, Ltd. |
7,168 | 509,358 | ||||||
| Schnitzer Steel Industries, Inc. - Class A (b) |
930 | 40,743 | ||||||
| Steel Dynamics, Inc. (b) |
14,570 | 852,054 | ||||||
| Sumitomo Metal Mining Co., Ltd. |
3,700 | 133,524 | ||||||
|
|
|
|||||||
| 8,919,821 | ||||||||
|
|
|
|||||||
| Multi-Utilities—0.2% | ||||||||
| Dominion Energy, Inc. |
8,821 | 644,109 | ||||||
| E.ON SE |
24,904 | 304,687 | ||||||
| Engie S.A. |
17,367 | 227,933 | ||||||
| National Grid plc |
35,240 | 419,190 | ||||||
| RWE AG |
6,142 | 217,128 | ||||||
| Sempra Energy |
4,031 | 509,922 | ||||||
| WEC Energy Group, Inc. |
1,918 | 169,168 | ||||||
|
|
|
|||||||
| 2,492,137 | ||||||||
|
|
|
|||||||
| Multiline Retail—0.2% | ||||||||
| Dollar General Corp. |
1,788 | 379,306 | ||||||
| Dollar Tree, Inc. (a) |
2,129 | 203,788 | ||||||
| Dollarama, Inc. |
12,387 | 537,298 | ||||||
| Target Corp. |
6,762 | 1,546,943 | ||||||
| Wesfarmers, Ltd. |
17,161 | 690,600 | ||||||
|
|
|
|||||||
| 3,357,935 | ||||||||
|
|
|
|||||||
| Oil, Gas & Consumable Fuels—1.7% | ||||||||
| Advantage Energy, Ltd. (a) |
11,814 | 59,695 | ||||||
| Aker BP ASA |
3,019 | 97,131 | ||||||
| ARC Resources, Ltd. |
18,675 | 175,014 | ||||||
| Beach Energy, Ltd. |
96,174 | 103,141 | ||||||
| BP plc |
275,302 | 1,247,131 | ||||||
| Cabot Oil & Gas Corp. |
60,134 | 1,308,516 | ||||||
| Canadian Natural Resources, Ltd. |
11,746 | 429,462 | ||||||
| Chevron Corp. (b) |
10,921 | 1,107,935 | ||||||
| CNX Resources Corp. (a) |
2,627 | 33,153 | ||||||
| ConocoPhillips |
83,659 | 5,669,570 | ||||||
| Devon Energy Corp. |
7,157 | 254,145 | ||||||
| Diamondback Energy, Inc. (b) |
1,781 | 168,607 | ||||||
| Enbridge, Inc. |
13,201 | 525,914 | ||||||
| Eni S.p.A. |
9,751 | 129,827 | ||||||
| EOG Resources, Inc. |
9,993 | 802,138 | ||||||
| Equinor ASA |
25,443 | 648,374 | ||||||
| Exxon Mobil Corp. |
24,182 | 1,422,385 | ||||||
| Galp Energia SGPS S.A. |
1,905 | 21,574 | ||||||
| Gulf Keystone Petroleum, Ltd. |
61,899 | 167,548 | ||||||
| Hess Corp. |
4,872 | 380,552 | ||||||
| Hess Midstream L.P. - Class A |
7,023 | 198,119 | ||||||
| HollyFrontier Corp. |
2,697 | 89,352 | ||||||
| Imperial Oil, Ltd. |
2,552 | 80,654 | ||||||
| Inpex Corp. |
30,000 | 234,786 | ||||||
| International Seaways, Inc. |
1,912 | 34,837 | ||||||
| Oil, Gas & Consumable Fuels—(Continued) | ||||||||
| Japan Petroleum Exploration Co., Ltd. |
5,800 | 109,167 | ||||||
| Keyera Corp. (b) |
10,427 | 262,363 | ||||||
| Kinder Morgan, Inc. |
20,478 | 342,597 | ||||||
| Lukoil PJSC (ADR) |
969 | 91,725 | ||||||
| Lundin Energy AB |
6,543 | 242,887 | ||||||
| Marathon Petroleum Corp. |
6,212 | 383,964 | ||||||
| MEG Energy Corp. (a) |
10,199 | 79,637 | ||||||
| Neste Oyj |
6,045 | 341,173 | ||||||
| Nordic American Tankers, Ltd. (b) |
5,118 | 13,102 | ||||||
| OMV AG |
4,526 | 271,965 | ||||||
| Ovintiv, Inc. |
4,348 | 142,962 | ||||||
| Parex Resources, Inc. |
7,513 | 136,665 | ||||||
| Phillips 66 |
3,386 | 237,121 | ||||||
| Pioneer Natural Resources Co. |
1,561 | 259,922 | ||||||
| Polski Koncern Naftowy ORLEN S.A. |
1,203 | 24,805 | ||||||
| Range Resources Corp. (a) |
3,854 | 87,216 | ||||||
| Repsol S.A. |
25,114 | 326,193 | ||||||
| Royal Dutch Shell plc - A Shares |
47,221 | 1,047,484 | ||||||
| Royal Dutch Shell plc - B Shares |
67,830 | 1,502,727 | ||||||
| Suncor Energy, Inc. |
16,226 | 336,408 | ||||||
| TC Energy Corp. (b) |
8,559 | 411,935 | ||||||
| TotalEnergies SE |
39,466 | 1,891,174 | ||||||
| Tourmaline Oil Corp. |
5,135 | 179,397 | ||||||
| Valero Energy Corp. (b) |
3,483 | 245,795 | ||||||
| VERBIO Vereinigte BioEnergie AG |
3,472 | 228,670 | ||||||
| Whitecap Resources, Inc. (b) |
23,252 | 128,688 | ||||||
| Woodside Petroleum, Ltd. |
22,480 | 386,831 | ||||||
|
|
|
|||||||
| 25,102,133 | ||||||||
|
|
|
|||||||
| Paper & Forest Products—0.1% | ||||||||
| Canfor Corp. (a) |
1,511 | 33,188 | ||||||
| Interfor Corp. |
1,397 | 34,500 | ||||||
| Louisiana-Pacific Corp. |
3,781 | 232,040 | ||||||
| UPM-Kymmene Oyj |
8,491 | 300,006 | ||||||
| West Fraser Timber Co., Ltd. |
4,007 | 337,492 | ||||||
|
|
|
|||||||
| 937,226 | ||||||||
|
|
|
|||||||
| Personal Products—0.3% | ||||||||
| BellRing Brands, Inc. - Class A (a) |
1,455 | 44,741 | ||||||
| Estee Lauder Cos., Inc. (The) - Class A |
2,582 | 774,419 | ||||||
| Herbalife, Ltd. (a) |
1,792 | 75,945 | ||||||
| Kao Corp. |
5,400 | 321,743 | ||||||
| L’Oreal S.A. |
2,030 | 837,826 | ||||||
| Shiseido Co., Ltd. |
4,000 | 269,587 | ||||||
| Unilever plc |
40,616 | 2,195,621 | ||||||
|
|
|
|||||||
| 4,519,882 | ||||||||
|
|
|
|||||||
| Pharmaceuticals—2.5% | ||||||||
| Astellas Pharma, Inc. |
70,800 | 1,167,396 | ||||||
| AstraZeneca plc |
21,249 | 2,558,052 | ||||||
| Bayer AG |
6,453 | 351,959 | ||||||
| Bristol-Myers Squibb Co. (b) |
33,939 | 2,008,171 | ||||||
| Chugai Pharmaceutical Co., Ltd. (b) |
5,400 | 197,815 | ||||||
| Daiichi Sankyo Co., Ltd. |
12,000 | 320,134 | ||||||
| Eisai Co., Ltd. |
2,100 | 158,141 | ||||||
BHFTI-327
Brighthouse Funds Trust I
Schroders Global Multi-Asset Portfolio
Consolidated Schedule of Investments as of September 30, 2021 (Unaudited)
Common Stocks—(Continued)
| Security Description | Shares | Value | ||||||
| Pharmaceuticals—(Continued) | ||||||||
| Eli Lilly and Co. |
17,862 | $ | 4,127,015 | |||||
| GlaxoSmithKline plc |
82,528 | 1,557,758 | ||||||
| Hisamitsu Pharmaceutical Co., Inc. |
6,900 | 261,734 | ||||||
| Ipsen S.A. |
945 | 90,216 | ||||||
| Jazz Pharmaceuticals plc (a) |
1,919 | 249,873 | ||||||
| Johnson & Johnson |
41,486 | 6,699,989 | ||||||
| Kyowa Kirin Co., Ltd. |
1,900 | 68,515 | ||||||
| Merck & Co., Inc. |
45,115 | 3,388,588 | ||||||
| Nippon Shinyaku Co., Ltd. |
700 | 58,317 | ||||||
| Novartis AG |
29,058 | 2,383,924 | ||||||
| Novo Nordisk A/S - Class B |
21,430 | 2,061,246 | ||||||
| Ono Pharmaceutical Co., Ltd. |
19,000 | 433,341 | ||||||
| Organon & Co. |
2,014 | 66,039 | ||||||
| Pfizer, Inc. |
61,854 | 2,660,341 | ||||||
| Recordati Industria Chimica e Farmaceutica S.p.A. |
4,094 | 238,139 | ||||||
| Roche Holding AG |
8,853 | 3,230,493 | ||||||
| Sanofi |
18,336 | 1,765,107 | ||||||
| Takeda Pharmaceutical Co., Ltd. |
11,400 | 377,885 | ||||||
| Viatris, Inc. |
20,842 | 282,409 | ||||||
| Zoetis, Inc. |
3,405 | 661,047 | ||||||
|
|
|
|||||||
| 37,423,644 | ||||||||
|
|
|
|||||||
| Professional Services—0.3% | ||||||||
| BayCurrent Consulting, Inc. |
200 | 100,447 | ||||||
| CoStar Group, Inc. (a) (b) |
3,700 | 318,422 | ||||||
| Equifax, Inc. |
988 | 250,379 | ||||||
| Experian plc |
7,183 | 298,388 | ||||||
| Intertek Group plc |
3,705 | 247,345 | ||||||
| Intertrust NV (a) |
2,028 | 30,353 | ||||||
| Recruit Holdings Co., Ltd. |
11,700 | 713,411 | ||||||
| RELX plc |
39,584 | 1,140,710 | ||||||
| Thomson Reuters Corp. |
959 | 106,038 | ||||||
| Verisk Analytics, Inc. |
1,078 | 215,891 | ||||||
| Wolters Kluwer NV |
4,119 | 435,390 | ||||||
|
|
|
|||||||
| 3,856,774 | ||||||||
|
|
|
|||||||
| Real Estate Management & Development—0.1% | ||||||||
| CK Asset Holdings, Ltd. |
54,954 | 315,831 | ||||||
| Cushman & Wakefield plc (a) |
2,484 | 46,227 | ||||||
| Deutsche Wohnen SE |
5,152 | 315,828 | ||||||
| Henderson Land Development Co., Ltd. |
17,000 | 64,533 | ||||||
| Hongkong Land Holdings, Ltd. |
19,600 | 93,804 | ||||||
| Mitsui Fudosan Co., Ltd. |
12,500 | 297,749 | ||||||
| Newmark Group, Inc. - Class A |
8,598 | 123,037 | ||||||
| Sino Land Co., Ltd. |
40,000 | 53,818 | ||||||
| Sun Hung Kai Properties, Ltd. |
13,500 | 167,769 | ||||||
| Swire Pacific, Ltd. - Class A |
13,500 | 80,017 | ||||||
| Swire Properties, Ltd. |
28,000 | 70,059 | ||||||
| Vonovia SE |
4,443 | 267,083 | ||||||
| Wharf Real Estate Investment Co., Ltd. |
28,000 | 144,657 | ||||||
|
|
|
|||||||
| 2,040,412 | ||||||||
|
|
|
|||||||
| Road & Rail—0.6% | ||||||||
| Canadian National Railway Co. |
10,547 | 1,222,240 | ||||||
| Canadian Pacific Railway, Ltd. (b) |
12,440 | 812,342 | ||||||
| CSX Corp. |
18,087 | 537,908 | ||||||
| Road & Rail—(Continued) | ||||||||
| J.B. Hunt Transport Services, Inc. |
603 | 100,834 | ||||||
| Norfolk Southern Corp. |
2,209 | 528,503 | ||||||
| Odakyu Electric Railway Co., Ltd. |
10,600 | 245,551 | ||||||
| Old Dominion Freight Line, Inc. |
2,016 | 576,536 | ||||||
| TFI International, Inc. |
597 | 61,076 | ||||||
| Uber Technologies, Inc. (a) |
25,144 | 1,126,451 | ||||||
| Union Pacific Corp. |
15,215 | 2,982,292 | ||||||
| Werner Enterprises, Inc. |
1,740 | 77,030 | ||||||
| XPO Logistics, Inc. (a) |
6,971 | 554,752 | ||||||
|
|
|
|||||||
| 8,825,515 | ||||||||
|
|
|
|||||||
| Semiconductors & Semiconductor Equipment—2.5% | ||||||||
| Advanced Micro Devices, Inc. (a) |
9,774 | 1,005,745 | ||||||
| Advantest Corp. |
1,500 | 134,388 | ||||||
| Amkor Technology, Inc. |
1,825 | 45,534 | ||||||
| Analog Devices, Inc. |
6,026 | 1,009,234 | ||||||
| Applied Materials, Inc. |
11,306 | 1,455,421 | ||||||
| ASM International NV |
728 | 284,240 | ||||||
| ASML Holding NV |
4,523 | 3,336,492 | ||||||
| Axcelis Technologies, Inc. (a) |
1,031 | 48,488 | ||||||
| BE Semiconductor Industries NV |
2,034 | 160,577 | ||||||
| Broadcom, Inc. |
4,093 | 1,984,818 | ||||||
| Brooks Automation, Inc. |
549 | 56,190 | ||||||
| Canadian Solar, Inc. (a) |
869 | 30,059 | ||||||
| Cohu, Inc. (a) |
892 | 28,490 | ||||||
| Daqo New Energy Corp. (ADR) (a) (b) |
2,535 | 144,495 | ||||||
| Disco Corp. |
300 | 83,976 | ||||||
| Enphase Energy, Inc. (a) (b) |
2,248 | 337,133 | ||||||
| Entegris, Inc. |
612 | 77,051 | ||||||
| First Solar, Inc. (a) (b) |
12,239 | 1,168,335 | ||||||
| Infineon Technologies AG |
12,229 | 502,724 | ||||||
| Intel Corp. |
29,864 | 1,591,154 | ||||||
| KLA Corp. (b) |
2,297 | 768,369 | ||||||
| Kulicke & Soffa Industries, Inc. |
2,354 | 137,191 | ||||||
| Lam Research Corp. |
4,204 | 2,392,707 | ||||||
| Lasertec Corp. |
1,000 | 227,148 | ||||||
| Marvell Technology, Inc. |
5,640 | 340,148 | ||||||
| MaxLinear, Inc. (a) |
1,569 | 77,273 | ||||||
| Microchip Technology, Inc. |
2,834 | 434,991 | ||||||
| Micron Technology, Inc. |
27,026 | 1,918,305 | ||||||
| MKS Instruments, Inc. |
1,182 | 178,376 | ||||||
| Monolithic Power Systems, Inc. |
276 | 133,772 | ||||||
| Nordic Semiconductor ASA (a) |
3,650 | 109,220 | ||||||
| Nova Measuring Instruments, Ltd. (a) |
446 | 45,621 | ||||||
| NVIDIA Corp. |
28,058 | 5,812,495 | ||||||
| NXP Semiconductors NV |
3,994 | 782,305 | ||||||
| Onto Innovation, Inc. (a) |
841 | 60,762 | ||||||
| Parade Technologies, Ltd. |
4,000 | 232,642 | ||||||
| Power Integrations, Inc. |
714 | 70,679 | ||||||
| Qorvo, Inc. (a) |
902 | 150,805 | ||||||
| QUALCOMM, Inc. |
13,396 | 1,727,816 | ||||||
| Renesas Electronics Corp. (a) |
8,400 | 103,646 | ||||||
| Silergy Corp. |
1,000 | 146,853 | ||||||
| SK Hynix, Inc. |
877 | 75,624 | ||||||
| Skyworks Solutions, Inc. |
2,141 | 352,794 | ||||||
| Soitec (a) |
258 | 55,999 | ||||||
| SolarEdge Technologies, Inc. (a) |
1,391 | 368,921 | ||||||
BHFTI-328
Brighthouse Funds Trust I
Schroders Global Multi-Asset Portfolio
Consolidated Schedule of Investments as of September 30, 2021 (Unaudited)
Common Stocks—(Continued)
| Security Description | Shares | Value | ||||||
| Semiconductors & Semiconductor Equipment—(Continued) | ||||||||
| STMicroelectronics NV |
3,280 | $ | 143,000 | |||||
| Taiwan Semiconductor Manufacturing Co., Ltd. (ADR) |
657 | 73,354 | ||||||
| Teradyne, Inc. |
908 | 99,126 | ||||||
| Texas Instruments, Inc. |
27,887 | 5,360,160 | ||||||
| Tokyo Electron, Ltd. |
1,900 | 837,525 | ||||||
| Ultra Clean Holdings, Inc. (a) |
1,249 | 53,207 | ||||||
| Universal Display Corp. |
660 | 112,834 | ||||||
| Xilinx, Inc. |
2,328 | 351,505 | ||||||
| Xinyi Solar Holdings, Ltd. |
24,000 | 48,866 | ||||||
|
|
|
|||||||
| 37,268,583 | ||||||||
|
|
|
|||||||
| Software—3.4% | ||||||||
| Adobe, Inc. (a) |
9,029 | 5,198,176 | ||||||
| Autodesk, Inc. (a) (b) |
3,040 | 866,917 | ||||||
| Avaya Holdings Corp. (a) |
1,851 | 36,631 | ||||||
| BlackBerry, Ltd. (a) |
9,574 | 93,200 | ||||||
| Check Point Software Technologies, Ltd. (a) |
4,226 | 477,707 | ||||||
| Cloudflare, Inc. - Class A (a) |
1,388 | 156,358 | ||||||
| Constellation Software, Inc. |
230 | 376,800 | ||||||
| Crowdstrike Holdings, Inc. - Class A (a) |
4,126 | 1,014,088 | ||||||
| DocuSign, Inc. (a) |
2,523 | 649,496 | ||||||
| Dynatrace, Inc. (a) |
1,399 | 99,287 | ||||||
| Fortinet, Inc. (a) |
729 | 212,897 | ||||||
| Intuit, Inc. |
7,148 | 3,856,418 | ||||||
| Microsoft Corp. |
96,232 | 27,129,726 | ||||||
| Netcompany Group A/S |
1,253 | 144,046 | ||||||
| Nice, Ltd. (ADR) (a) (b) |
1,068 | 303,355 | ||||||
| NortonLifeLock, Inc. |
9,199 | 232,735 | ||||||
| Oracle Corp. (b) |
29,491 | 2,569,551 | ||||||
| Oracle Corp. Japan |
1,000 | 87,986 | ||||||
| Palo Alto Networks, Inc. (a) |
1,285 | 615,515 | ||||||
| Paycom Software, Inc. (a) |
263 | 130,382 | ||||||
| Progress Software Corp. |
1,383 | 68,030 | ||||||
| Qualys, Inc. |
977 | 108,730 | ||||||
| RingCentral, Inc. - Class A (a) |
739 | 160,733 | ||||||
| Salesforce.com, Inc. (a) |
11,452 | 3,106,011 | ||||||
| SAP SE |
6,339 | 858,767 | ||||||
| ServiceNow, Inc. (a) |
1,417 | 881,757 | ||||||
| Sinch AB (a) |
2,040 | 39,312 | ||||||
| Splunk, Inc. (a) (b) |
1,455 | 210,553 | ||||||
| SS&C Technologies Holdings, Inc. |
4,036 | 280,098 | ||||||
| TeamViewer AG (a) |
2,588 | 76,311 | ||||||
| Topicus.com, Inc. (a) |
484 | 50,819 | ||||||
| Trade Desk, Inc. (The) - Class A (a) |
4,470 | 314,241 | ||||||
| Tyler Technologies, Inc. (a) |
245 | 112,369 | ||||||
| Workday, Inc. - Class A (a) |
2,098 | 524,269 | ||||||
| Zoom Video Communications, Inc. - Class A (a) |
1,311 | 342,827 | ||||||
| Zscaler, Inc. (a) |
565 | 148,154 | ||||||
|
|
|
|||||||
| 51,534,252 | ||||||||
|
|
|
|||||||
| Specialty Retail—1.1% | ||||||||
| AutoNation, Inc. (a) (b) |
1,402 | 170,708 | ||||||
| AutoZone, Inc. (a) |
569 | 966,156 | ||||||
| Burlington Stores, Inc. (a) |
3,630 | 1,029,359 | ||||||
| Fast Retailing Co., Ltd. |
600 | 442,215 | ||||||
| Floor & Decor Holdings, Inc. - Class A (a) (b) |
11,348 | 1,370,725 | ||||||
| Specialty Retail—(Continued) | ||||||||
| Group 1 Automotive, Inc. |
385 | 72,334 | ||||||
| H & M Hennes & Mauritz AB - B Shares (a) |
6,358 | 128,908 | ||||||
| Hibbett, Inc. (a) |
630 | 44,566 | ||||||
| Home Depot, Inc. (The) |
15,114 | 4,961,322 | ||||||
| Industria de Diseno Textil S.A |
12,058 | 438,700 | ||||||
| Lithia Motors, Inc. - Class A |
109 | 34,557 | ||||||
| Lowe’s Cos., Inc. |
8,164 | 1,656,149 | ||||||
| MarineMax, Inc. (a) |
893 | 43,328 | ||||||
| O’Reilly Automotive, Inc. (a) (b) |
4,215 | 2,575,618 | ||||||
| Ross Stores, Inc. (b) |
3,388 | 368,784 | ||||||
| Signet Jewelers, Ltd. |
1,769 | 139,680 | ||||||
| TJX Cos., Inc. (The) |
9,719 | 641,260 | ||||||
| Tractor Supply Co. (b) |
7,346 | 1,488,373 | ||||||
| Williams-Sonoma, Inc. (b) |
671 | 118,989 | ||||||
| Workman Co., Ltd. (b) |
800 | 50,696 | ||||||
|
|
|
|||||||
| 16,742,427 | ||||||||
|
|
|
|||||||
| Technology Hardware, Storage & Peripherals—1.9% | ||||||||
| Apple, Inc. |
194,605 | 27,536,608 | ||||||
| Hewlett Packard Enterprise Co. |
15,808 | 225,264 | ||||||
| HP, Inc. |
22,367 | 611,961 | ||||||
| Seagate Technology Holdings plc |
2,433 | 200,771 | ||||||
| Western Digital Corp. (a) |
4,827 | 272,436 | ||||||
|
|
|
|||||||
| 28,847,040 | ||||||||
|
|
|
|||||||
| Textiles, Apparel & Luxury Goods—0.7% | ||||||||
| Adidas AG |
1,245 | 392,308 | ||||||
| ANTA Sports Products, Ltd. |
3,000 | 56,213 | ||||||
| Cie Financiere Richemont S.A. - Class A |
6,211 | 640,437 | ||||||
| Crocs, Inc. (a) |
799 | 114,641 | ||||||
| Deckers Outdoor Corp. (a) |
3,235 | 1,165,247 | ||||||
| EssilorLuxottica S.A. |
2,871 | 548,983 | ||||||
| Hermes International |
174 | 240,481 | ||||||
| Kering S.A. |
623 | 443,094 | ||||||
| Lululemon Athletica, Inc. (a) |
605 | 244,843 | ||||||
| LVMH Moet Hennessy Louis Vuitton SE |
3,197 | 2,286,060 | ||||||
| Moncler S.p.A. |
6,935 | 424,150 | ||||||
| NIKE, Inc. - Class B |
23,621 | 3,430,478 | ||||||
| VF Corp. |
3,386 | 226,828 | ||||||
|
|
|
|||||||
| 10,213,763 | ||||||||
|
|
|
|||||||
| Thrifts & Mortgage Finance—0.0% | ||||||||
| Essent Group, Ltd. |
2,574 | 113,282 | ||||||
| MGIC Investment Corp. |
12,834 | 191,996 | ||||||
| NMI Holdings, Inc. - Class A (a) |
2,170 | 49,064 | ||||||
| Radian Group, Inc. |
8,285 | 188,235 | ||||||
|
|
|
|||||||
| 542,577 | ||||||||
|
|
|
|||||||
| Tobacco—0.2% | ||||||||
| Altria Group, Inc. |
12,360 | 562,627 | ||||||
| British American Tobacco plc |
15,293 | 533,564 | ||||||
| Imperial Brands plc |
11,578 | 241,625 | ||||||
| Philip Morris International, Inc. |
16,436 | 1,557,969 | ||||||
| Swedish Match AB |
30,010 | 263,191 | ||||||
|
|
|
|||||||
| 3,158,976 | ||||||||
|
|
|
|||||||
BHFTI-329
Brighthouse Funds Trust I
Schroders Global Multi-Asset Portfolio
Consolidated Schedule of Investments as of September 30, 2021 (Unaudited)
Common Stocks—(Continued)
| Security Description | Shares/ Principal Amount* |
Value | ||||||
| Trading Companies & Distributors—0.4% | ||||||||
| Air Lease Corp. (b) |
1,300 | $ | 51,142 | |||||
| Ashtead Group plc |
8,705 | 660,332 | ||||||
| Boise Cascade Co. |
1,519 | 81,996 | ||||||
| Diploma plc |
4,105 | 154,350 | ||||||
| Fastenal Co. (b) |
17,595 | 908,078 | ||||||
| Ferguson plc |
2,949 | 408,799 | ||||||
| Herc Holdings, Inc. (a) |
581 | 94,970 | ||||||
| ITOCHU Corp. (b) |
10,100 | 295,844 | ||||||
| Marubeni Corp. (b) |
25,600 | 210,045 | ||||||
| Mitsubishi Corp. |
3,400 | 106,361 | ||||||
| Mitsui & Co., Ltd. (b) |
61,400 | 1,331,964 | ||||||
| Rexel S.A. |
5,416 | 104,215 | ||||||
| Sumitomo Corp. |
28,700 | 401,263 | ||||||
| Toromont Industries, Ltd. |
1,112 | 92,825 | ||||||
| Toyota Tsusho Corp. |
2,100 | 88,008 | ||||||
| Triton International, Ltd. |
1,536 | 79,933 | ||||||
| WESCO International, Inc. (a) |
508 | 58,583 | ||||||
| WW Grainger, Inc. |
1,854 | 728,733 | ||||||
|
|
|
|||||||
| 5,857,441 | ||||||||
|
|
|
|||||||
| Water Utilities—0.0% | ||||||||
| American Water Works Co., Inc. |
2,724 | 460,465 | ||||||
| Severn Trent plc |
3,835 | 134,105 | ||||||
|
|
|
|||||||
| 594,570 | ||||||||
|
|
|
|||||||
| Wireless Telecommunication Services—0.2% | ||||||||
| KDDI Corp. |
39,500 | 1,305,377 | ||||||
| SoftBank Group Corp. |
11,400 | 658,776 | ||||||
| T-Mobile U.S., Inc. (a) |
2,923 | 373,442 | ||||||
| Vodafone Group plc |
182,019 | 275,329 | ||||||
|
|
|
|||||||
| 2,612,924 | ||||||||
|
|
|
|||||||
| Total Common Stocks |
695,150,680 | |||||||
|
|
|
|||||||
| Corporate Bonds & Notes—38.4% | ||||||||
| Aerospace/Defense—0.6% | ||||||||
| Boeing Co. (The) |
4,385,000 | 4,391,556 | ||||||
| 2.196%, 02/04/26 |
4,301,000 | 4,332,706 | ||||||
|
|
|
|||||||
| 8,724,262 | ||||||||
|
|
|
|||||||
| Agriculture—0.6% | ||||||||
| Altria Group, Inc. |
1,171,000 | 1,439,958 | ||||||
| BAT Capital Corp. |
3,506,000 | 3,765,561 | ||||||
| Bunge, Ltd. Finance Corp. |
1,865,000 | 1,889,714 | ||||||
| Cargill, Inc. |
2,710,000 | 2,665,918 | ||||||
|
|
|
|||||||
| 9,761,151 | ||||||||
|
|
|
|||||||
| Airlines—0.2% | ||||||||
| Southwest Airlines Co. |
1,193,000 | 1,270,020 | ||||||
| 5.250%, 05/04/25 (b) |
1,149,000 | 1,297,330 | ||||||
|
|
|
|||||||
| 2,567,350 | ||||||||
|
|
|
|||||||
| Auto Manufacturers—0.5% | ||||||||
| Ford Motor Credit Co. LLC |
3,043,000 | 3,049,086 | ||||||
| General Motors Co. |
3,125,000 | 3,661,535 | ||||||
| General Motors Financial Co., Inc. |
844,000 | 921,379 | ||||||
|
|
|
|||||||
| 7,632,000 | ||||||||
|
|
|
|||||||
| Banks—9.9% | ||||||||
| Banco Santander S.A. |
4,600,000 | 4,838,214 | ||||||
| 2.749%, 12/03/30 |
2,200,000 | 2,189,099 | ||||||
| Bank of America Corp. |
1,226,000 | 1,231,045 | ||||||
| 1.898%, SOFR + 1.530%, 07/23/31 (c) |
6,129,000 | 5,910,052 | ||||||
| 2.884%, 3M LIBOR + 1.190%, 10/22/30 (b) (c) |
12,460,000 | 13,007,992 | ||||||
| Bank of Ireland Group plc |
1,024,000 | 1,023,404 | ||||||
| 4.500%, 11/25/23 (144A) (b) |
4,622,000 | 4,953,547 | ||||||
| BNP Paribas S.A. |
3,061,000 | 3,126,088 | ||||||
| BPCE S.A. |
2,741,000 | 2,662,278 | ||||||
| Citigroup, Inc. |
13,016,000 | 13,330,172 | ||||||
| Credit Suisse AG |
2,267,000 | 2,271,262 | ||||||
| Credit Suisse Group AG |
1,000,000 | 977,256 | ||||||
| 2.593%, SOFR + 1.560%, 09/11/25 (144A) (c) |
2,281,000 | 2,364,589 | ||||||
| 3.750%, 03/26/25 (b) |
2,800,000 | 3,019,678 | ||||||
| 4.550%, 04/17/26 |
545,000 | 612,212 | ||||||
| Deutsche Bank AG |
5,407,000 | 5,437,727 | ||||||
| Goldman Sachs Group, Inc. (The) |
6,833,000 | 6,836,648 | ||||||
| JPMorgan Chase & Co. |
| |||||||
| 1.578%, SOFR + 0.885%, 04/22/27 (b) (c) |
5,048,000 | 5,058,237 | ||||||
| 1.953%, SOFR + 1.065%, 02/04/32 (b) (c) |
1,902,000 | 1,834,900 | ||||||
| 2.950%, 10/01/26 |
6,709,000 | 7,190,304 | ||||||
| 2.956%, SOFR + 2.515%, 05/13/31 (c) |
550,000 | 572,197 | ||||||
| Lloyds Banking Group plc |
2,336,000 | 2,351,004 | ||||||
| 2.438%, 1Y H15 + 1.000%, 02/05/26 (b) (c) |
2,107,000 | 2,185,761 | ||||||
| M&T Bank Corp. |
1,654,000 | 1,823,102 | ||||||
| Manufacturers & Traders Trust Co. |
4,596,000 | 5,031,513 | ||||||
BHFTI-330
Brighthouse Funds Trust I
Schroders Global Multi-Asset Portfolio
Consolidated Schedule of Investments as of September 30, 2021 (Unaudited)
Corporate Bonds & Notes—38.4%
| Security Description | Principal Amount* |
Value | ||||||
| Banks—(Continued) | ||||||||
| Morgan Stanley |
4,389,000 | $ | 4,525,466 | |||||
| 4.000%, 07/23/25 |
3,892,000 | 4,287,822 | ||||||
| 4.350%, 09/08/26 (b) |
2,373,000 | 2,678,428 | ||||||
| Natwest Group plc |
2,333,000 | 2,477,170 | ||||||
| 4.800%, 04/05/26 (b) |
1,708,000 | 1,941,580 | ||||||
| Santander Holdings USA, Inc. |
1,742,000 | 1,850,529 | ||||||
| Santander UK Group Holdings plc |
1,154,000 | 1,151,682 | ||||||
| Societe Generale S.A. |
1,538,000 | 1,529,654 | ||||||
| Truist Financial Corp. |
10,078,000 | 10,617,979 | ||||||
| UBS Group AG |
1,424,000 | 1,410,725 | ||||||
| 3.126%, 3M LIBOR + 1.468%, 08/13/30 (144A) (b) (c) |
1,378,000 | 1,463,535 | ||||||
| UniCredit S.p.A. |
2,487,000 | 2,480,698 | ||||||
| Wells Fargo & Co. |
9,609,000 | 10,314,616 | ||||||
| 4.100%, 06/03/26 |
2,500,000 | 2,784,353 | ||||||
|
|
|
|||||||
| 149,352,518 | ||||||||
|
|
|
|||||||
| Beverages—1.0% | ||||||||
| Anheuser-Busch InBev Worldwide, Inc. |
9,294,000 | 10,873,071 | ||||||
| Coca-Cola Co. (The) |
2,880,000 | 2,970,302 | ||||||
| JDE Peet’s NV |
1,519,000 | 1,485,053 | ||||||
|
|
|
|||||||
| 15,328,426 | ||||||||
|
|
|
|||||||
| Biotechnology—0.2% | ||||||||
| Amgen, Inc. |
3,286,000 | 3,374,359 | ||||||
|
|
|
|||||||
| Building Materials—0.3% | ||||||||
| Carrier Global Corp. |
4,486,000 | 4,618,945 | ||||||
| Masco Corp. |
500,000 | 486,441 | ||||||
|
|
|
|||||||
| 5,105,386 | ||||||||
|
|
|
|||||||
| Chemicals—0.2% | ||||||||
| Sherwin-Williams Co. (The) |
1,305,000 | 1,433,027 | ||||||
| Westlake Chemical Corp. |
1,131,000 | 1,219,274 | ||||||
|
|
|
|||||||
| 2,652,301 | ||||||||
|
|
|
|||||||
| Commercial Services—0.5% | ||||||||
| Moody’s Corp. |
2,800,000 | 2,867,559 | ||||||
| Quanta Services, Inc. |
2,358,000 | 2,439,176 | ||||||
| S&P Global, Inc. |
1,098,000 | 1,147,194 | ||||||
| Transurban Finance Co. Pty, Ltd. |
1,116,000 | 1,118,203 | ||||||
|
|
|
|||||||
| 7,572,132 | ||||||||
|
|
|
|||||||
| Diversified Financial Services—0.9% | ||||||||
| AerCap Ireland Capital DAC / AerCap Global Aviation Trust |
1,118,000 | 1,106,579 | ||||||
| Capital One Financial Corp. |
1,345,000 | 1,316,796 | ||||||
| Discover Financial Services |
2,627,000 | 2,942,680 | ||||||
| GE Capital International Funding Co. |
4,713,000 | 5,655,846 | ||||||
| MasterCard, Inc. |
2,750,000 | 3,270,122 | ||||||
|
|
|
|||||||
| 14,292,023 | ||||||||
|
|
|
|||||||
| Electric—1.7% | ||||||||
| AES Corp. (The) |
||||||||
| 1.375%, 01/15/26 |
928,000 | 915,817 | ||||||
| 3.300%, 07/15/25 (144A) |
2,086,000 | 2,215,791 | ||||||
| Berkshire Hathaway Energy Co. |
2,000,000 | 2,253,429 | ||||||
| 3.800%, 07/15/48 |
2,636,000 | 2,982,774 | ||||||
| 6.500%, 09/15/37 |
345,000 | 492,495 | ||||||
| Centerpoint Energy Houston Electric LLC |
2,897,000 | 2,925,918 | ||||||
| Duke Energy Corp. |
130,000 | 132,058 | ||||||
| 3.500%, 06/15/51 |
120,000 | 123,565 | ||||||
| Eversource Energy |
2,007,000 | 1,906,130 | ||||||
| Exelon Corp. |
2,811,000 | 3,552,079 | ||||||
| NRG Energy, Inc. |
2,705,000 | 2,744,954 | ||||||
| Pacific Gas and Electric Co. |
3,059,000 | 2,822,597 | ||||||
| Sempra Energy |
2,000,000 | 2,213,416 | ||||||
| Southern California Edison Co. |
||||||||
| 4.200%, 03/01/29 |
500,000 | 560,217 | ||||||
| 5.500%, 03/15/40 |
335,000 | 420,456 | ||||||
|
|
|
|||||||
| 26,261,696 | ||||||||
|
|
|
|||||||
| Electronics—0.5% | ||||||||
| Amphenol Corp. |
||||||||
| 2.200%, 09/15/31 |
868,000 | 860,786 | ||||||
BHFTI-331
Brighthouse Funds Trust I
Schroders Global Multi-Asset Portfolio
Consolidated Schedule of Investments as of September 30, 2021 (Unaudited)
Corporate Bonds & Notes—(Continued)
| Security Description | Principal Amount* |
Value | ||||||
| Electronics—(Continued) | ||||||||
| Amphenol Corp. |
||||||||
| 2.800%, 02/15/30 |
5,764,000 | $ | 6,041,329 | |||||
|
|
|
|||||||
| 6,902,115 | ||||||||
|
|
|
|||||||
| Environmental Control—0.1% | ||||||||
| Republic Services, Inc. |
1,000,000 | 937,067 | ||||||
|
|
|
|||||||
| Food—0.7% | ||||||||
| Flowers Foods, Inc. |
1,803,000 | 1,802,025 | ||||||
| Mondelez International, Inc. |
3,000,000 | 3,138,993 | ||||||
| Tyson Foods, Inc. |
||||||||
| 4.000%, 03/01/26 (b) |
3,000,000 | 3,340,794 | ||||||
| 5.100%, 09/28/48 |
1,500,000 | 1,981,573 | ||||||
|
|
|
|||||||
| 10,263,385 | ||||||||
|
|
|
|||||||
| Gas—0.2% | ||||||||
| NiSource, Inc. |
3,751,000 | 3,533,402 | ||||||
|
|
|
|||||||
| Hand/Machine Tools—0.2% | ||||||||
| Stanley Black & Decker, Inc. |
2,255,000 | 2,414,609 | ||||||
|
|
|
|||||||
| Healthcare-Products—0.7% | ||||||||
| Alcon Finance Corp. |
4,427,000 | 4,520,349 | ||||||
| 2.750%, 09/23/26 (144A) (b) |
1,488,000 | 1,570,876 | ||||||
| DH Europe Finance II Sarl |
3,427,000 | 3,703,443 | ||||||
|
|
|
|||||||
| 9,794,668 | ||||||||
|
|
|
|||||||
| Healthcare-Services—0.4% | ||||||||
| HCA, Inc. |
3,007,000 | 2,955,216 | ||||||
| UnitedHealth Group, Inc. |
2,245,000 | 2,408,339 | ||||||
|
|
|
|||||||
| 5,363,555 | ||||||||
|
|
|
|||||||
| Home Furnishings—0.1% | ||||||||
| Whirlpool Corp. |
1,605,000 | 1,913,591 | ||||||
|
|
|
|||||||
| Insurance—0.6% | ||||||||
| Hartford Financial Services Group, Inc. |
1,285,000 | 1,239,395 | ||||||
| High Street Funding Trust II |
1,250,000 | 1,512,179 | ||||||
| Progressive Corp. (The) |
4,400,000 | 4,565,000 | ||||||
| Prudential Financial, Inc. |
1,870,000 | 2,027,144 | ||||||
|
|
|
|||||||
| 9,343,718 | ||||||||
|
|
|
|||||||
| Internet—0.3% | ||||||||
| Amazon.com, Inc. |
3,760,000 | 3,521,436 | ||||||
| Expedia Group, Inc. |
411,000 | 415,340 | ||||||
| 4.625%, 08/01/27 |
652,000 | 739,160 | ||||||
| 6.250%, 05/01/25 (144A) |
398,000 | 458,867 | ||||||
|
|
|
|||||||
| 5,134,803 | ||||||||
|
|
|
|||||||
| Leisure Time—0.0% | ||||||||
| Carnival Corp. |
168,000 | 187,530 | ||||||
|
|
|
|||||||
| Lodging—0.4% | ||||||||
| Las Vegas Sands Corp. |
4,495,000 | 4,615,235 | ||||||
| Marriott International, Inc. |
735,000 | 718,662 | ||||||
| 2.850%, 04/15/31 |
887,000 | 898,337 | ||||||
|
|
|
|||||||
| 6,232,234 | ||||||||
|
|
|
|||||||
| Machinery-Construction & Mining—0.1% | ||||||||
| Caterpillar, Inc. |
1,626,000 | 1,768,676 | ||||||
|
|
|
|||||||
| Machinery-Diversified—0.3% | ||||||||
| Otis Worldwide Corp. |
2,268,000 | 2,328,352 | ||||||
| 3.112%, 02/15/40 |
650,000 | 666,250 | ||||||
| Xylem, Inc. |
1,835,000 | 1,836,459 | ||||||
|
|
|
|||||||
| 4,831,061 | ||||||||
|
|
|
|||||||
| Media—1.1% | ||||||||
| Charter Communications Operating LLC / Charter Communications Operating Capital Corp. |
6,000,000 | 5,841,742 | ||||||
| Comcast Corp. |
2,250,000 | 2,478,010 | ||||||
| Discovery Communications LLC |
1,525,000 | 1,653,885 | ||||||
| 4.125%, 05/15/29 (b) |
2,621,000 | 2,927,380 | ||||||
| ViacomCBS, Inc. |
3,137,000 | 3,520,543 | ||||||
|
|
|
|||||||
| 16,421,560 | ||||||||
|
|
|
|||||||
| Mining—0.2% | ||||||||
| Barrick North America Finance LLC |
2,247,000 | 3,095,129 | ||||||
|
|
|
|||||||
| Miscellaneous Manufacturing—0.3% | ||||||||
| Ingersoll-Rand Luxembourg Finance S.A. |
3,655,000 | 3,976,165 | ||||||
|
|
|
|||||||
BHFTI-332
Brighthouse Funds Trust I
Schroders Global Multi-Asset Portfolio
Consolidated Schedule of Investments as of September 30, 2021 (Unaudited)
Corporate Bonds & Notes—(Continued)
| Security Description | Principal Amount* |
Value | ||||||
| Oil & Gas—2.1% | ||||||||
| BP Capital Markets plc |
982,000 | $ | 1,046,468 | |||||
| Canadian Natural Resources, Ltd. |
||||||||
| 2.950%, 07/15/30 (b) |
2,106,000 | 2,180,434 | ||||||
| 4.950%, 06/01/47 (b) |
2,159,000 | 2,677,536 | ||||||
| Cenovus Energy, Inc. |
855,000 | 838,837 | ||||||
| ConocoPhillips |
451,000 | 458,631 | ||||||
| 3.750%, 10/01/27 (144A) |
1,266,000 | 1,413,919 | ||||||
| Continental Resources, Inc. |
1,596,000 | 1,765,575 | ||||||
| 5.750%, 01/15/31 (144A) (b) |
507,000 | 612,836 | ||||||
| Devon Energy Corp. |
1,595,000 | 1,845,501 | ||||||
| Diamondback Energy, Inc. |
2,336,000 | 2,425,623 | ||||||
| EOG Resources, Inc. |
1,145,000 | 1,336,775 | ||||||
| EQT Corp. |
4,160,000 | 4,761,328 | ||||||
| Hess Corp. |
552,000 | 583,812 | ||||||
| 4.300%, 04/01/27 |
409,000 | 454,260 | ||||||
| 5.800%, 04/01/47 (b) |
1,500,000 | 1,953,465 | ||||||
| Marathon Petroleum Corp. |
2,723,000 | 3,082,735 | ||||||
| Occidental Petroleum Corp. |
1,493,000 | 1,524,263 | ||||||
| Pioneer Natural Resources Co. |
1,584,000 | 1,563,691 | ||||||
| Valero Energy Corp. |
1,705,000 | 1,874,453 | ||||||
|
|
|
|||||||
| 32,400,142 | ||||||||
|
|
|
|||||||
| Packaging & Containers—0.3% | ||||||||
| Berry Global, Inc. |
1,986,000 | 1,960,996 | ||||||
| CCL Industries, Inc. |
1,885,000 | 1,974,779 | ||||||
|
|
|
|||||||
| 3,935,775 | ||||||||
|
|
|
|||||||
| Pharmaceuticals—1.5% | ||||||||
| AbbVie, Inc. |
5,700,000 | 6,751,381 | ||||||
| Becton Dickinson & Co. |
4,437,000 | 4,649,182 | ||||||
| Bristol-Myers Squibb Co. |
4,488,000 | 4,893,060 | ||||||
| Cigna Corp. |
1,000,000 | 1,092,758 | ||||||
| CVS Health Corp. |
5,167,000 | 4,930,562 | ||||||
| 4.250%, 04/01/50 |
681,000 | 801,904 | ||||||
| 5.050%, 03/25/48 (b) |
142,000 | 182,783 | ||||||
|
|
|
|||||||
| 23,301,630 | ||||||||
|
|
|
|||||||
| Pipelines—1.5% | ||||||||
| Cheniere Corpus Christi Holdings LLC |
8,126,000 | 8,818,333 | ||||||
| Enable Midstream Partners L.P. |
744,000 | 824,231 | ||||||
| 4.950%, 05/15/28 |
1,098,000 | 1,233,411 | ||||||
| Energy Transfer L.P. |
1,531,000 | 1,651,539 | ||||||
| Kinder Morgan Energy Partners L.P. |
311,000 | 399,526 | ||||||
| 6.950%, 01/15/38 |
1,655,000 | 2,345,550 | ||||||
| Kinder Morgan, Inc. |
1,188,000 | 1,145,049 | ||||||
| MPLX L.P. |
2,817,000 | 3,144,722 | ||||||
| ONEOK, Inc. |
903,000 | 1,018,948 | ||||||
| Plains All American Pipeline L.P. / PAA Finance Corp. |
1,391,000 | 1,463,426 | ||||||
| 3.800%, 09/15/30 |
1,084,000 | 1,157,272 | ||||||
|
|
|
|||||||
| 23,202,007 | ||||||||
|
|
|
|||||||
| Real Estate Investment Trusts—4.9% | ||||||||
| Alexandria Real Estate Equities, Inc. |
2,419,000 | 2,276,191 | ||||||
| American Tower Corp. |
6,606,000 | 6,464,462 | ||||||
| 3.800%, 08/15/29 |
1,413,000 | 1,566,872 | ||||||
| Boston Properties L.P. |
4,160,000 | 4,419,546 | ||||||
| 3.400%, 06/21/29 |
1,000,000 | 1,083,275 | ||||||
| 4.500%, 12/01/28 (b) |
2,671,000 | 3,075,822 | ||||||
| Camden Property Trust |
1,000,000 | 1,055,414 | ||||||
| 4.100%, 10/15/28 (b) |
465,000 | 533,437 | ||||||
| Crown Castle International Corp. |
7,852,000 | 7,673,484 | ||||||
| 3.700%, 06/15/26 |
1,312,000 | 1,432,067 | ||||||
| Digital Realty Trust L.P. |
8,546,000 | 9,499,420 | ||||||
| Duke Realty L.P. |
||||||||
| 1.750%, 07/01/30 |
2,484,000 | 2,382,568 | ||||||
| 3.375%, 12/15/27 |
1,449,000 | 1,579,162 | ||||||
| Equinix, Inc. |
7,581,000 | 7,434,587 | ||||||
| Essex Portfolio L.P. |
3,000,000 | 3,031,612 | ||||||
| Highwoods Realty L.P. |
1,424,000 | 1,593,810 | ||||||
| Kimco Realty Corp. |
2,122,000 | 2,181,541 | ||||||
| 4.250%, 04/01/45 |
1,287,000 | 1,480,018 | ||||||
| Mid-America Apartments L.P. |
2,000,000 | 2,080,272 | ||||||
| 4.200%, 06/15/28 |
360,000 | 411,814 | ||||||
BHFTI-333
Brighthouse Funds Trust I
Schroders Global Multi-Asset Portfolio
Consolidated Schedule of Investments as of September 30, 2021 (Unaudited)
Corporate Bonds & Notes—(Continued)
| Security Description | Principal Amount* |
Value | ||||||
| Real Estate Investment Trusts—(Continued) | ||||||||
| Piedmont Operating Partnership L.P. |
520,000 | $ | 511,176 | |||||
| 3.150%, 08/15/30 (b) |
1,863,000 | 1,914,806 | ||||||
| Prologis L.P. |
756,000 | 645,506 | ||||||
| Vornado Realty L.P. |
3,000,000 | 3,188,915 | ||||||
| Welltower, Inc. |
4,419,000 | 4,390,009 | ||||||
| 3.100%, 01/15/30 (b) |
2,500,000 | 2,643,376 | ||||||
|
|
|
|||||||
| 74,549,162 | ||||||||
|
|
|
|||||||
| Retail—0.9% | ||||||||
| 7-Eleven, Inc. |
2,173,000 | 2,173,544 | ||||||
| Home Depot, Inc. (The) |
3,000,000 | 3,245,623 | ||||||
| McDonald’s Corp. |
2,145,000 | 2,385,694 | ||||||
| Ross Stores, Inc. |
1,390,000 | 1,341,287 | ||||||
| Starbucks Corp. |
2,369,000 | 2,514,862 | ||||||
| Tractor Supply Co. |
1,350,000 | 1,296,054 | ||||||
|
|
|
|||||||
| 12,957,064 | ||||||||
|
|
|
|||||||
| Savings & Loans—0.0% | ||||||||
| Nationwide Building Society |
616,000 | 642,205 | ||||||
|
|
|
|||||||
| Semiconductors—1.2% | ||||||||
| Analog Devices, Inc. |
1,419,000 | 1,422,004 | ||||||
| Broadcom, Inc. |
3,032,000 | 2,912,504 | ||||||
| Intel Corp. |
1,782,000 | 1,776,477 | ||||||
| NXP B.V. / NXP Funding LLC / NXP USA, Inc. |
3,444,000 | 3,738,310 | ||||||
| 3.875%, 06/18/26 (144A) (b) |
2,000,000 | 2,203,457 | ||||||
| QUALCOMM, Inc. |
6,000,000 | 5,714,371 | ||||||
|
|
|
|||||||
| 17,767,123 | ||||||||
|
|
|
|||||||
| Software—0.8% | ||||||||
| Fiserv, Inc. |
5,793,000 | 6,254,397 | ||||||
| salesforce.com, Inc. |
500,000 | 498,520 | ||||||
| VMware, Inc. |
4,864,000 | 4,755,866 | ||||||
|
|
|
|||||||
| 11,508,783 | ||||||||
|
|
|
|||||||
| Telecommunications—2.4% | ||||||||
| AT&T, Inc. |
9,197,000 | 9,442,833 | ||||||
| 3.500%, 09/15/53 |
1,005,000 | 994,669 | ||||||
| 4.850%, 03/01/39 |
2,000,000 | 2,396,889 | ||||||
| T-Mobile USA, Inc. |
722,000 | 761,446 | ||||||
| 3.875%, 04/15/30 |
7,435,000 | 8,209,445 | ||||||
| Telefonica Emisiones S.A.U. |
1,000,000 | 1,248,049 | ||||||
| Verizon Communications, Inc. |
||||||||
| 3.400%, 03/22/41 |
3,546,000 | 3,703,237 | ||||||
| 3.550%, 03/22/51 |
2,466,000 | 2,600,636 | ||||||
| 4.272%, 01/15/36 |
5,549,000 | 6,518,481 | ||||||
|
|
|
|||||||
| 35,875,685 | ||||||||
|
|
|
|||||||
| Total Corporate Bonds & Notes |
580,876,448 | |||||||
|
|
|
|||||||
| Preferred Stocks—0.1% | ||||||||
| Auto Components—0.0% | ||||||||
| Schaeffler AG |
7,241 | 55,671 | ||||||
|
|
|
|||||||
| Automobiles—0.1% | ||||||||
| Porsche Automobil Holding SE |
1,506 | 150,079 | ||||||
| Volkswagen AG |
4,817 | 1,079,079 | ||||||
|
|
|
|||||||
| 1,229,158 | ||||||||
|
|
|
|||||||
| Health Care Equipment & Supplies—0.0% | ||||||||
| Sartorius AG |
160 | 101,896 | ||||||
|
|
|
|||||||
| Household Products—0.0% | ||||||||
| Henkel AG & Co. KGaA |
10,077 | 935,565 | ||||||
|
|
|
|||||||
| Water Utilities—0.0% | ||||||||
| Cia de Saneamento do Parana |
46,600 | 32,945 | ||||||
|
|
|
|||||||
| Total Preferred Stocks |
2,355,235 | |||||||
|
|
|
|||||||
| Short-Term Investments—13.1% | ||||||||
| Repurchase Agreement—1.3% | ||||||||
| Fixed Income Clearing Corp. |
19,281,463 | 19,281,463 | ||||||
|
|
|
|||||||
| U.S. Treasury—11.8% | ||||||||
| U.S. Treasury Bills |
||||||||
| 0.030%, 12/16/21 (b) (d) |
24,000,000 | 23,998,176 | ||||||
| 0.043%, 10/14/21 (b) (d) |
84,800,000 | 84,799,158 | ||||||
| 0.053%, 01/27/22 (d) |
70,000,000 | 69,989,618 | ||||||
|
|
|
|||||||
| 178,786,952 | ||||||||
|
|
|
|||||||
| Total Short-Term Investments |
198,068,415 | |||||||
|
|
|
|||||||
BHFTI-334
Brighthouse Funds Trust I
Schroders Global Multi-Asset Portfolio
Consolidated Schedule of Investments as of September 30, 2021 (Unaudited)
Securities Lending Reinvestments (e)—7.8%
| Security Description | Principal Amount* |
Value | ||||||
| Certificates of Deposit—0.7% | ||||||||
| Agricultural Bank of China |
3,000,000 | $ | 3,000,174 | |||||
| Natixis S.A. (New York) |
2,000,000 | 2,000,306 | ||||||
| Oversea-Chinese Banking Corp., Ltd. |
2,000,000 | 2,000,108 | ||||||
| Standard Chartered Bank (NY) |
2,000,000 | 2,000,000 | ||||||
| Sumitomo Mitsui Trust Bank, Ltd. |
||||||||
| Zero Coupon, 02/10/22 |
1,000,000 | 999,440 | ||||||
|
|
|
|||||||
| 10,000,028 | ||||||||
|
|
|
|||||||
| Repurchase Agreements—5.1% | ||||||||
| Barclays Bank plc |
| |||||||
| Repurchase Agreement dated 09/30/21 at 0.190%, |
7,000,000 | 7,000,000 | ||||||
| Repurchase Agreement dated 09/30/21 at 0.350%, |
4,000,000 | 4,000,000 | ||||||
| Barclays Capital, Inc. |
||||||||
| Repurchase Agreement dated 09/30/21 at 0.040%, |
14,060,799 | 14,060,799 | ||||||
| BofA Securities, Inc. |
||||||||
| Repurchase Agreement dated 09/30/21 at 0.350%, due on 11/04/21 with a maturity value of $2,000,681; collateralized by U.S. Treasury Obligations with rates ranging from 0.000% - 4.375%, maturity dates ranging from 10/21/21 - 08/15/48, and various Common Stock with an aggregate market value of $2,083,448. |
2,000,000 | 2,000,000 | ||||||
| CF Secured LLC |
||||||||
| Repurchase Agreement dated 09/30/21 at |
5,000,000 | 5,000,000 | ||||||
| Citigroup Global Markets, Inc. |
||||||||
| Repurchase Agreement dated 09/30/21 at 0.420%, due on 11/04/21 with a maturity value of $4,001,633; collateralized by various Common Stock with an aggregate market value of $4,400,000. |
4,000,000 | 4,000,000 | ||||||
| Deutsche Bank AG, London |
||||||||
| Repurchase Agreement dated 09/30/21 at 0.150%, due on 10/01/21 with a maturity value of $1,600,007; collateralized by Foreign Obligations with rates ranging from 0.125% - 3.125%, maturity dates ranging from 02/12/22 - 09/18/28, and an aggregate market value of $1,632,007. |
1,600,000 | 1,600,000 | ||||||
| Security Description | Shares/ Principal Amount* |
Value | ||||||
| Repurchase Agreements—(Continued) | ||||||||
| National Bank of Canada |
8,000,000 | $ | 8,000,000 | |||||
| NBC Global Finance, Ltd. |
| |||||||
| Repurchase Agreement dated 09/30/21 at 0.230%, due on 10/01/21 with a maturity value of $8,000,051; collateralized by U.S. Treasury Obligations with rates ranging from 0.095% - 2.250%, maturity dates ranging from 07/31/22 - 11/15/27, and various Common Stock with an aggregate market value of $8,880,250. |
8,000,000 | 8,000,000 | ||||||
| Repurchase Agreement dated 09/30/21 at 0.235%, due on 10/07/21 with a maturity value of $1,500,069; collateralized by U.S. Treasury Obligations with rates ranging from 0.095% - 2.250%, maturity dates ranging from 07/31/22 - 11/15/27, and various Common Stock with an aggregate market value of $1,665,047. |
1,500,000 | 1,500,000 | ||||||
| Societe Generale |
| |||||||
| Repurchase Agreement dated 09/30/21 at 0.050%, due on 10/01/21 with a maturity value of $5,000,007; collateralized by U.S. Treasury Obligations with rates ranging from 0.000% - 6.750%, maturity dates ranging from 10/21/21 - 02/15/49, and an aggregate market value of $5,100,255. |
5,000,000 | 5,000,000 | ||||||
| Repurchase Agreement dated 09/30/21 at 0.170%, due on 10/01/21 with a maturity value of $15,400,073; collateralized by various Common Stock with an aggregate market value of $17,111,450. |
15,400,000 | 15,400,000 | ||||||
| Repurchase Agreement dated 09/30/21 at 0.200%, due on 10/07/21 with a maturity value of $2,032,599; collateralized by various Common Stock with an aggregate market value of $2,258,401. |
2,032,520 | 2,032,520 | ||||||
|
|
|
|||||||
| 77,593,319 | ||||||||
|
|
|
|||||||
| Time Deposits—0.7% | ||||||||
| ABN AMRO Bank NV |
4,000,000 | 4,000,000 | ||||||
| DZ Bank AG |
2,000,000 | 2,000,000 | ||||||
| First Abu Dhabi Bank USA NV |
2,000,000 | 2,000,000 | ||||||
| Landesbank Baden-Wuettertemberg (London) |
1,200,000 | 1,200,000 | ||||||
| Skandi New York |
2,000,000 | 2,000,000 | ||||||
|
|
|
|||||||
| 11,200,000 | ||||||||
|
|
|
|||||||
| Mutual Funds—1.3% | ||||||||
| BlackRock Liquidity Funds FedFund, Institutional Shares |
5,000,000 | 5,000,000 | ||||||
| Goldman Sachs Financial Square Government Fund, Institutional Shares 0.030% (f) |
10,000,000 | 10,000,000 | ||||||
BHFTI-335
Brighthouse Funds Trust I
Schroders Global Multi-Asset Portfolio
Consolidated Schedule of Investments as of September 30, 2021 (Unaudited)
Securities Lending Reinvestments (e)—(Continued)
| Security Description | Shares |
Value | ||||||
| Mutual Funds—(Continued) | ||||||||
| STIT-Government & Agency Portfolio, Institutional Class |
5,000,000 | $ | 5,000,000 | |||||
|
|
|
|||||||
| 20,000,000 | ||||||||
|
|
|
|||||||
| Total Securities Lending Reinvestments |
118,793,347 | |||||||
|
|
|
|||||||
| Total Investments—105.3% |
1,595,244,125 | |||||||
| Other assets and liabilities (net)—(5.3)% |
(80,936,826 | ) | ||||||
|
|
|
|||||||
| Net Assets—100.0% | $ | 1,514,307,299 | ||||||
|
|
|
|||||||
| * | Principal amount stated in U.S. dollars unless otherwise noted. | |
| (a) | Non-income producing security. | |
| (b) | All or a portion of the security was held on loan. As of September 30, 2021, the market value of securities loaned was $127,572,982 and the collateral received consisted of cash in the amount of $118,792,451 and non-cash collateral with a value of $12,041,031. The cash collateral investments are disclosed in the Consolidated Schedule of Investments and categorized as Securities Lending Reinvestments. The non-cash collateral received consists of U.S. government securities that are held in safe-keeping by the lending agent, or a third-party custodian, and cannot be sold or repledged by the Portfolio. | |
| (c) | Variable or floating rate security. The stated rate represents the rate at September 30, 2021. Maturity date shown for callable securities reflects the earliest possible call date. For securities based on a published reference index and spread, the index and spread are indicated in the description above. For certain variable rate securities, the coupon rate is determined by the issuer/agent based on current market conditions. For certain asset- and mortgage-backed securities, the coupon rate may fluctuate based on changes of the underlying collateral or prepayments of principal. These securities do not indicate a reference index and spread in their description above. | |
| (d) | The rate shown represents current yield to maturity. | |
| (e) | Represents investment of cash collateral received from securities on loan as of September 30, 2021. | |
| (f) | The rate shown represents the annualized seven-day yield as of September 30, 2021. | |
| (144A)— | Securities exempt from registration under Rule 144A of the Securities Act of 1933. These securities may be resold in transactions exempt from registration, normally to qualified institutional buyers. As of September 30, 2021, the market value of 144A securities was $58,562,675, which is 3.9% of net assets. |
Forward Foreign Currency Exchange Contracts
| Contracts to Buy |
Counterparty |
Settlement Date |
In Exchange for |
Unrealized Appreciation/ (Depreciation) |
||||||||||||||||||
| AUD | 8,945,000 | MSIP |
10/26/21 | USD | 6,497,883 | $ | (30,519 | ) | ||||||||||||||
| BRL | 117,050,000 | GSI |
10/04/21 | USD | 22,111,398 | (617,572 | ) | |||||||||||||||
| BRL | 40,500,000 | MSIP |
10/04/21 | USD | 7,445,674 | (8,682 | ) | |||||||||||||||
| BRL | 76,550,000 | UBSA |
10/04/21 | USD | 14,073,243 | (16,410 | ) | |||||||||||||||
| BRL | 76,550,000 | UBSA |
11/03/21 | USD | 14,372,753 | (380,074 | ) | |||||||||||||||
| CAD | 11,392,000 | UBSA |
10/26/21 | USD | 8,921,935 | 71,894 | ||||||||||||||||
| CHF | 5,315,000 | MSIP |
10/26/21 | USD | 5,752,774 | (46,649 | ) | |||||||||||||||
| COP | 24,806,837,000 | GSI |
10/13/21 | USD | 6,517,618 | (6,550 | ) | |||||||||||||||
| CZK | 153,224,000 | JPMC |
10/26/21 | USD | 7,075,323 | (76,395 | ) | |||||||||||||||
| DKK | 9,189,000 | UBSA |
10/26/21 | USD | 1,450,612 | (18,744 | ) | |||||||||||||||
| EUR | 21,996,103 | JPMC |
10/26/21 | USD | 25,832,179 | (342,540 | ) | |||||||||||||||
| GBP | 16,711,000 | UBSA |
10/26/21 | USD | 22,830,284 | (313,284 | ) | |||||||||||||||
| HUF | 2,131,780,000 | JPMC |
10/26/21 | USD | 7,076,607 | (211,024 | ) | |||||||||||||||
| IDR | 102,420,096,000 | UBSA |
10/13/21 | USD | 7,140,673 | 9,240 | ||||||||||||||||
| JPY | 4,241,658,344 | MSIP |
10/26/21 | USD | 38,816,426 | (699,031 | ) | |||||||||||||||
| MYR | 30,532,000 | GSI |
10/13/21 | USD | 7,349,140 | (59,032 | ) | |||||||||||||||
| NOK | 66,370,000 | MSIP |
10/26/21 | USD | 7,662,390 | (71,316 | ) | |||||||||||||||
| NZD | 10,750,000 | UBSA |
10/26/21 | USD | 7,575,815 | (155,443 | ) | |||||||||||||||
| PHP | 17,807,000 | UBSA |
10/13/21 | USD | 355,259 | (6,259 | ) | |||||||||||||||
| PLN | 53,386,000 | JPMC |
10/26/21 | USD | 13,568,431 | (146,059 | ) | |||||||||||||||
| RUB | 2,050,375,000 | MSIP |
10/13/21 | USD | 27,922,471 | 204,874 | ||||||||||||||||
| SEK | 61,179,000 | UBSA |
10/26/21 | USD | 7,069,028 | (79,577 | ) | |||||||||||||||
| Contracts to Deliver |
||||||||||||||||||||||
| BRL | 117,050,000 | GSI |
10/04/21 | USD | 21,518,918 | 25,092 | ||||||||||||||||
| BRL | 40,500,000 | MSIP |
10/04/21 | USD | 7,662,473 | 225,481 | ||||||||||||||||
| BRL | 76,550,000 | UBSA |
10/04/21 | USD | 14,438,765 | 381,931 | ||||||||||||||||
BHFTI-336
Brighthouse Funds Trust I
Schroders Global Multi-Asset Portfolio
Consolidated Schedule of Investments as of September 30, 2021 (Unaudited)
Forward Foreign Currency Exchange Contracts—(Continued)
| Contracts to Deliver |
Counterparty |
Settlement Date |
In Exchange for |
Unrealized Appreciation/ (Depreciation) |
||||||||||||||||||
| CLP | 10,454,028,000 | GSI |
10/13/21 | USD | 13,573,839 | $ | 689,783 | |||||||||||||||
| GBP | 8,906,839 | MSIP |
10/26/21 | USD | 12,172,344 | 170,951 | ||||||||||||||||
| ILS | 22,061,000 | UBSA |
10/26/21 | USD | 6,881,860 | 38,112 | ||||||||||||||||
| INR | 524,020,000 | UBSA |
10/13/21 | USD | 7,172,888 | 119,319 | ||||||||||||||||
| KRW | 7,888,141,000 | UBSA |
10/13/21 | USD | 6,819,540 | 158,278 | ||||||||||||||||
| RUB | 1,525,990,000 | UBSA |
10/13/21 | USD | 20,817,565 | (116,189 | ) | |||||||||||||||
| SGD | 18,722,000 | GSI |
10/26/21 | USD | 13,855,445 | 67,542 | ||||||||||||||||
| THB | 233,550,000 | GSI |
10/26/21 | USD | 6,988,539 | 87,038 | ||||||||||||||||
| TWD | 397,058,000 | UBSA |
10/13/21 | USD | 14,416,455 | 165,320 | ||||||||||||||||
| ZAR | 100,170,000 | UBSA |
10/26/21 | USD | 6,722,332 | 89,820 | ||||||||||||||||
| Cross Currency Contracts to Buy |
||||||||||||||||||||||
| AUD | 23,466,000 | JPMC |
10/26/21 | NZD | 24,293,369 | 197,342 | ||||||||||||||||
| CAD | 512,923 | MSIP |
10/26/21 | AUD | 553,000 | 5,119 | ||||||||||||||||
| EUR | 1,011,179 | MSIP |
10/26/21 | GBP | 869,000 | 858 | ||||||||||||||||
| JPY | 1,739,669,532 | MSIP |
10/26/21 | EUR | 13,582,686 | (106,529 | ) | |||||||||||||||
|
|
|
|||||||||||||||||||||
| Net Unrealized Depreciation |
|
$ | (799,884 | ) | ||||||||||||||||||
|
|
|
|||||||||||||||||||||
Futures Contracts
| Futures Contracts—Long |
Expiration Date |
Number of Contracts |
Notional Value |
Value/ Unrealized Appreciation/ (Depreciation) |
||||||||||||
| Euro STOXX 50 Index Futures |
12/17/21 | 1,959 | EUR | 79,300,320 | $ | (2,229,315 | ) | |||||||||
| FTSE 100 Index Futures |
12/17/21 | 43 | GBP | 3,041,605 | 57,881 | |||||||||||
| NASDAQ 100 Index E-Mini Futures |
12/17/21 | 64 | US | D18,793,600 | (1,189,571 | ) | ||||||||||
| Nikkei 225 Index Futures |
12/09/21 | 45 | JPY | 1,325,700,000 | 13,425 | |||||||||||
| Russell 2000 Index E-Mini Futures |
12/17/21 | 141 | USD | 15,515,640 | (230,515 | ) | ||||||||||
| S&P 500 Index E-Mini Futures |
12/17/21 | 453 | USD | 97,344,038 | (4,181,178 | ) | ||||||||||
| S&P Energy Select Sector E-Mini Futures |
12/17/21 | 36 | USD | 1,949,040 | (44,502 | ) | ||||||||||
| S&P Health Care Select Sector E-Mini Futures |
12/17/21 | 59 | USD | 7,573,830 | (419,620 | ) | ||||||||||
| S&P TSX 60 Index Futures |
12/16/21 | 65 | CAD | 15,549,300 | (387,459 | ) | ||||||||||
| TOPIX Index Futures |
12/09/21 | 82 | JPY | 1,665,010,000 | 12,874 | |||||||||||
| U.S. Treasury Long Bond Futures |
12/21/21 | 524 | USD | 83,430,625 | (2,315,234 | ) | ||||||||||
| U.S. Treasury Note 2 Year Futures |
12/31/21 | 224 | USD | 49,292,250 | (26,625 | ) | ||||||||||
| U.S. Treasury Note 5 Year Futures |
12/31/21 | 5 | USD | 613,711 | (4,032 | ) | ||||||||||
| U.S. Treasury Ultra Long Bond Futures |
12/21/21 | 3 | USD | 573,188 | (22,693 | ) | ||||||||||
| Futures Contracts—Short |
||||||||||||||||
| Euro STOXX 600 Index Futures |
12/17/21 | (72 | ) | EUR | (1,633,680) | (11,087 | ) | |||||||||
| U.S. Treasury Note 10 Year Futures |
12/21/21 | (807 | ) | USD | (106,208,766) | 1,590,284 | ||||||||||
| U.S. Treasury Note 2 Year Futures |
12/31/21 | (192 | ) | USD | (42,250,500) | 23,698 | ||||||||||
| U.S. Treasury Note Ultra 10 Year Futures |
12/21/21 | (326 | ) | USD | (47,351,500) | 715,111 | ||||||||||
|
|
|
|||||||||||||||
| Net Unrealized Depreciation |
|
$ | (8,648,558 | ) | ||||||||||||
|
|
|
|||||||||||||||
Swap Agreements
Centrally Cleared Interest Rate Swaps
| Pay/Receive Floating Rate |
Floating Rate Index |
Payment Frequency |
Fixed Rate |
Payment Frequency |
Maturity Date |
Notional Amount |
Market Value |
Upfront Premiums Paid/ (Received) |
Unrealized Appreciation/ (Depreciation)(1) |
|||||||||||||||||||||||
| Pay |
3M LIBOR | Quarterly | 1.580% | Quarterly | 07/23/31 | USD | 474,000,000 | $ | 2,813,711 | $ | — | $ | 2,813,711 | |||||||||||||||||||
|
|
|
|
|
|
|
|||||||||||||||||||||||||||
| (1) | There is no upfront payment premium paid or (received) therefore Market Value equals Unrealized Appreciation/(Depreciation). |
BHFTI-337
Brighthouse Funds Trust I
Schroders Global Multi-Asset Portfolio
Consolidated Schedule of Investments as of September 30, 2021 (Unaudited)
Glossary of Abbreviations
Counterparties
| (GSI)— | Goldman Sachs International | |
| (JPMC)— | JPMorgan Chase Bank N.A. | |
| (MSIP)— | Morgan Stanley & Co. International plc | |
| (UBSA)— | UBS AG |
Currencies
| (AUD)— | Australian Dollar | |
| (BRL)— | Brazilian Real | |
| (CAD)— | Canadian Dollar | |
| (CHF)— | Swiss Franc | |
| (CLP)— | Chilean Peso | |
| (COP)— | Colombian Peso | |
| (CZK)— | Czech Koruna | |
| (DKK)— | Danish Krone | |
| (EUR)— | Euro | |
| (GBP)— | British Pound | |
| (HKD)— | Hong Kong Dollar | |
| (HUF)— | Hungarian Forint | |
| (IDR)— | Indonesian Rupiah | |
| (ILS)— | Israeli Shekel | |
| (INR)— | Indian Rupee | |
| (JPY)— | Japanese Yen | |
| (KRW)— | South Korean Won | |
| (MYR)— | Malaysian Ringgit | |
| (NOK)— | Norwegian Krone | |
| (NZD)— | New Zealand Dollar | |
| (PHP)— | Philippine Peso | |
| (PLN)— | Polish Zloty | |
| (RUB)— | Russian Ruble | |
| (SEK)— | Swedish Krona | |
| (SGD)— | Singapore Dollar | |
| (THB)— | Thai Baht | |
| (TWD)— | Taiwanese Dollar | |
| (USD)— | United States Dollar | |
| (ZAR)— | South African Rand |
Index Abbreviations
| (H15)— | U.S. Treasury Yield Curve Rate T-Note Constant Maturity Index | |||
| (LIBOR)— | London Interbank Offered Rate | |||
| (OBFR)— | U.S. Overnight Bank Funding Rate | |||
| (SOFR)— | Secured Overnight Financing Rate |
Other Abbreviations
| (REIT)— | Real Estate Investment Trust | |
| (ADR)— | American Depositary Receipt |
Fair Value Hierarchy
Accounting principles generally accepted in the United States of America (“GAAP”) define fair market value as the price that the Portfolio would receive to sell an asset or pay to transfer a liability in an orderly transaction between market participants at the measurement date. It establishes a fair value hierarchy that prioritizes inputs to valuation methods and requires disclosure of the fair value hierarchy, separately for each major category of assets and liabilities, that segregates fair value measurements into three levels. Levels 1, 2 and 3 of the fair value hierarchy are defined as follows:
Level 1 - unadjusted quoted prices in active markets for identical investments
Level 2 - other significant observable inputs (including, but not limited to, quoted prices for similar assets or liabilities in markets that are either active or inactive; inputs other than quoted prices that are observable such as interest rates, yield curves, volatilities, prepayment speeds, loss severities, credit risks, default rates, or other market corroborated inputs)
Level 3 - significant unobservable inputs based on the best information available in the circumstances, to the extent observable inputs are unavailable (including the Portfolio’s own assumptions used in determining the fair value of investments and derivative financial instruments)
The inputs or methodologies used for valuing investments are not necessarily an indication of the risk associated with investing in them. Changes to the inputs or methodologies used may result in transfers between levels. A reconciliation of Level 3 securities, if any, will be disclosed following the fair value hierarchy table. For more information about the Portfolio’s policy regarding the valuation of investments, please refer to the Notes to Schedule of Investments.
The following table summarizes the fair value hierarchy of the Portfolio’s investments as of September 30, 2021:
| Description | Level 1 | Level 2 | Level 3 | Total | ||||||||||||
| Common Stocks | ||||||||||||||||
| Aerospace & Defense |
$ | 3,923,278 | $ | 1,051,114 | $ | — | $ | 4,974,392 | ||||||||
| Air Freight & Logistics |
2,269,849 | 1,019,446 | — | 3,289,295 | ||||||||||||
| Airlines |
1,398,742 | — | — | 1,398,742 | ||||||||||||
| Auto Components |
594,729 | 840,727 | — | 1,435,456 | ||||||||||||
| Automobiles |
5,718,700 | 5,606,079 | — | 11,324,779 | ||||||||||||
| Banks |
27,019,724 | 14,414,884 | — | 41,434,608 | ||||||||||||
| Beverages |
8,425,029 | 2,669,340 | — | 11,094,369 | ||||||||||||
| Biotechnology |
10,048,790 | 707,431 | — | 10,756,221 | ||||||||||||
| Building Products |
2,969,064 | 2,809,004 | — | 5,778,068 | ||||||||||||
| Capital Markets |
25,724,764 | 5,655,555 | — | 31,380,319 | ||||||||||||
| Chemicals |
7,813,022 | 5,701,574 | — | 13,514,596 | ||||||||||||
| Commercial Services & Supplies |
3,283,454 | 174,942 | — | 3,458,396 | ||||||||||||
| Communications Equipment |
2,633,970 | 543,892 | — | 3,177,862 | ||||||||||||
| Construction & Engineering |
51,337 | 1,243,879 | — | 1,295,216 | ||||||||||||
| Construction Materials |
1,908,970 | 1,010,383 | — | 2,919,353 | ||||||||||||
| Consumer Finance |
6,388,485 | 42,154 | — | 6,430,639 | ||||||||||||
BHFTI-338
Brighthouse Funds Trust I
Schroders Global Multi-Asset Portfolio
Consolidated Schedule of Investments as of September 30, 2021 (Unaudited)
Fair Value Hierarchy —(Continued)
| Description | Level 1 | Level 2 | Level 3 | Total | ||||||||||||
| Containers & Packaging |
$ | 4,365,169 | $ | 444,397 | $ | — | $ | 4,809,566 | ||||||||
| Distributors |
215,033 | — | — | 215,033 | ||||||||||||
| Diversified Consumer Services |
220,800 | — | — | 220,800 | ||||||||||||
| Diversified Financial Services |
2,710,387 | 296,673 | — | 3,007,060 | ||||||||||||
| Diversified Telecommunication Services |
4,749,162 | 2,058,637 | — | 6,807,799 | ||||||||||||
| Electric Utilities |
5,941,842 | 2,189,010 | — | 8,130,852 | ||||||||||||
| Electrical Equipment |
2,807,045 | 3,461,684 | — | 6,268,729 | ||||||||||||
| Electronic Equipment, Instruments & Components |
4,313,724 | 2,630,342 | — | 6,944,066 | ||||||||||||
| Energy Equipment & Services |
2,235,300 | 95,196 | — | 2,330,496 | ||||||||||||
| Entertainment |
9,196,089 | 936,192 | — | 10,132,281 | ||||||||||||
| Equity Real Estate Investment Trusts |
7,889,769 | 1,500,859 | — | 9,390,628 | ||||||||||||
| Food & Staples Retailing |
6,197,430 | 1,355,708 | — | 7,553,138 | ||||||||||||
| Food Products |
2,357,177 | 4,736,794 | — | 7,093,971 | ||||||||||||
| Gas Utilities |
43,697 | 560,136 | — | 603,833 | ||||||||||||
| Health Care Equipment & Supplies |
22,154,868 | 1,685,628 | — | 23,840,496 | ||||||||||||
| Health Care Providers & Services |
12,945,765 | 123,229 | — | 13,068,994 | ||||||||||||
| Health Care Technology |
852,064 | 214,169 | — | 1,066,233 | ||||||||||||
| Hotels, Restaurants & Leisure |
10,248,640 | 1,405,925 | — | 11,654,565 | ||||||||||||
| Household Durables |
4,148,447 | 2,008,350 | — | 6,156,797 | ||||||||||||
| Household Products |
9,139,884 | 1,987,676 | — | 11,127,560 | ||||||||||||
| Independent Power and Renewable Electricity Producers |
35,968 | 173,642 | — | 209,610 | ||||||||||||
| Industrial Conglomerates |
6,456,581 | 1,839,007 | — | 8,295,588 | ||||||||||||
| Insurance |
7,405,833 | 5,081,734 | — | 12,487,567 | ||||||||||||
| Interactive Media & Services |
38,380,866 | 881,950 | — | 39,262,816 | ||||||||||||
| Internet & Direct Marketing Retail |
19,983,111 | 1,062,179 | — | 21,045,290 | ||||||||||||
| IT Services |
31,184,892 | 1,079,426 | — | 32,264,318 | ||||||||||||
| Leisure Products |
834,058 | 520,339 | — | 1,354,397 | ||||||||||||
| Life Sciences Tools & Services |
6,214,290 | 547,458 | — | 6,761,748 | ||||||||||||
| Machinery |
10,540,019 | 3,571,361 | — | 14,111,380 | ||||||||||||
| Marine |
— | 510,444 | — | 510,444 | ||||||||||||
| Media |
9,274,214 | 640,068 | — | 9,914,282 | ||||||||||||
| Metals & Mining |
3,290,035 | 5,629,786 | — | 8,919,821 | ||||||||||||
| Multi-Utilities |
1,323,199 | 1,168,938 | — | 2,492,137 | ||||||||||||
| Multiline Retail |
2,667,335 | 690,600 | — | 3,357,935 | ||||||||||||
| Oil, Gas & Consumable Fuels |
16,079,545 | 9,022,588 | — | 25,102,133 | ||||||||||||
| Paper & Forest Products |
637,220 | 300,006 | — | 937,226 | ||||||||||||
| Personal Products |
895,105 | 3,624,777 | — | 4,519,882 | ||||||||||||
| Pharmaceuticals |
20,143,472 | 17,280,172 | — | 37,423,644 | ||||||||||||
| Professional Services |
890,730 | 2,966,044 | — | 3,856,774 | ||||||||||||
| Real Estate Management & Development |
169,264 | 1,871,148 | — | 2,040,412 | ||||||||||||
| Road & Rail |
8,579,964 | 245,551 | — | 8,825,515 | ||||||||||||
| Semiconductors & Semiconductor Equipment |
30,785,663 | 6,482,920 | — | 37,268,583 | ||||||||||||
| Software |
50,327,830 | 1,206,422 | — | 51,534,252 | ||||||||||||
| Specialty Retail |
15,681,908 | 1,060,519 | — | 16,742,427 | ||||||||||||
| Technology Hardware, Storage & Peripherals |
28,847,040 | — | — | 28,847,040 | ||||||||||||
| Textiles, Apparel & Luxury Goods |
5,182,037 | 5,031,726 | — | 10,213,763 | ||||||||||||
| Thrifts & Mortgage Finance |
542,577 | — | — | 542,577 | ||||||||||||
| Tobacco |
2,120,596 | 1,038,380 | — | 3,158,976 | ||||||||||||
| Trading Companies & Distributors |
2,096,260 | 3,761,181 | — | 5,857,441 | ||||||||||||
| Water Utilities |
460,465 | 134,105 | — | 594,570 | ||||||||||||
| Wireless Telecommunication Services |
373,442 | 2,239,482 | — | 2,612,924 | ||||||||||||
| Total Common Stocks |
544,307,718 | 150,842,962 | — | 695,150,680 | ||||||||||||
| Total Corporate Bonds & Notes* |
— | 580,876,448 | — | 580,876,448 | ||||||||||||
| Preferred Stocks | ||||||||||||||||
| Auto Components |
— | 55,671 | — | 55,671 | ||||||||||||
| Automobiles |
— | 1,229,158 | — | 1,229,158 | ||||||||||||
| Health Care Equipment & Supplies |
— | 101,896 | — | 101,896 | ||||||||||||
BHFTI-339
Brighthouse Funds Trust I
Schroders Global Multi-Asset Portfolio
Consolidated Schedule of Investments as of September 30, 2021 (Unaudited)
Fair Value Hierarchy —(Continued)
| Description | Level 1 | Level 2 | Level 3 | Total | ||||||||||||
| Household Products |
$ | — | $ | 935,565 | $ | — | $ | 935,565 | ||||||||
| Water Utilities |
32,945 | — | — | 32,945 | ||||||||||||
| Total Preferred Stocks |
32,945 | 2,322,290 | — | 2,355,235 | ||||||||||||
| Total Short-Term Investments* |
— | 198,068,415 | — | 198,068,415 | ||||||||||||
| Securities Lending Reinvestments | ||||||||||||||||
| Certificates of Deposit |
— | 10,000,028 | — | 10,000,028 | ||||||||||||
| Repurchase Agreements |
— | 77,593,319 | — | 77,593,319 | ||||||||||||
| Time Deposits |
— | 11,200,000 | — | 11,200,000 | ||||||||||||
| Mutual Funds |
20,000,000 | — | — | 20,000,000 | ||||||||||||
| Total Securities Lending Reinvestments |
20,000,000 | 98,793,347 | — | 118,793,347 | ||||||||||||
| Total Investments |
$ | 564,340,663 | $ | 1,030,903,462 | $ | — | $ | 1,595,244,125 | ||||||||
| Collateral for Securities Loaned (Liability) |
$ | — | $ | (118,792,451 | ) | $ | — | $ | (118,792,451 | ) | ||||||
| Forward Contracts |
| |||||||||||||||
| Forward Foreign Currency Exchange Contracts (Unrealized Appreciation) |
$ | — | $ | 2,707,994 | $ | — | $ | 2,707,994 | ||||||||
| Forward Foreign Currency Exchange Contracts (Unrealized Depreciation) |
— | (3,507,878 | ) | — | (3,507,878 | ) | ||||||||||
| Total Forward Contracts |
$ | — | $ | (799,884 | ) | $ | — | $ | (799,884 | ) | ||||||
| Futures Contracts | ||||||||||||||||
| Futures Contracts (Unrealized Appreciation) |
$ | 2,413,273 | $ | — | $ | — | $ | 2,413,273 | ||||||||
| Futures Contracts (Unrealized Depreciation) |
(11,061,831 | ) | — | — | (11,061,831 | ) | ||||||||||
| Total Futures Contracts |
$ | (8,648,558 | ) | $ | — | $ | — | $ | (8,648,558 | ) | ||||||
| Centrally Cleared Swap Contracts | ||||||||||||||||
| Centrally Cleared Swap Contracts (Unrealized Appreciation) |
$ | — | $ | 2,813,711 | $ | — | $ | 2,813,711 | ||||||||
| * | See Consolidated Schedule of Investments for additional detailed categorizations. | |||
BHFTI-340
Brighthouse Funds Trust I
SSGA Emerging Markets Enhanced Index Portfolio
Schedule of Investments as of September 30, 2021 (Unaudited)
Common Stocks—94.1% of Net Assets
| Security Description | Shares | Value | ||||||
| Argentina—0.4% | ||||||||
| Globant S.A. (a) |
4,200 | $ | 1,180,242 | |||||
| Ternium S.A. (ADR) |
10,000 | 423,000 | ||||||
|
|
|
|||||||
| 1,603,242 | ||||||||
|
|
|
|||||||
| Brazil—3.3% | ||||||||
| Ambev S.A. (ADR) |
444,500 | 1,226,820 | ||||||
| B3 S.A. - Brasil Bolsa Balcao |
438,600 | 1,026,078 | ||||||
| Banco Bradesco S.A. |
77,160 | 253,056 | ||||||
| Banco Bradesco S.A. (ADR) |
334,214 | 1,280,040 | ||||||
| Banco BTG Pactual S.A. |
152,400 | 704,106 | ||||||
| Banco Santander Brasil S.A. |
20,700 | 134,446 | ||||||
| Banco Santander Brasil S.A. (ADR) (b) |
133,500 | 873,090 | ||||||
| Cia de Saneamento de Minas Gerais-COPASA |
82,300 | 208,555 | ||||||
| Cia Siderurgica Nacional S.A. |
12,000 | 63,308 | ||||||
| Cosan S.A. |
50,800 | 214,366 | ||||||
| Cosan S.A. (ADR) |
35,866 | 600,755 | ||||||
| CPFL Energia S.A. |
79,100 | 391,161 | ||||||
| Cyrela Brazil Realty S.A. Empreendimentos e Participacoes |
26,300 | 86,930 | ||||||
| Dexco S.A. |
29,400 | 91,616 | ||||||
| Energisa S.A. |
61,100 | 492,659 | ||||||
| Instituto Hermes Pardini S.A. |
40,300 | 167,246 | ||||||
| Itau Unibanco Holding S.A. (ADR) |
129,400 | 681,938 | ||||||
| JBS S.A. |
229,900 | 1,564,962 | ||||||
| Magazine Luiza S.A. |
25,900 | 68,201 | ||||||
| Petrobras Distribuidora S.A. |
41,400 | 178,577 | ||||||
| Petroleo Brasileiro S.A. |
79,400 | 410,432 | ||||||
| Petroleo Brasileiro S.A. (ADR) |
49,000 | 506,660 | ||||||
| Sao Martinho S.A. |
75,700 | 486,248 | ||||||
| TIM S.A. |
32,000 | 69,045 | ||||||
| TIM S.A. (ADR) |
7,600 | 81,624 | ||||||
| Vale S.A. |
110,000 | 1,539,990 | ||||||
| Vale S.A. (ADR) |
109,200 | 1,523,340 | ||||||
|
|
|
|||||||
| 14,925,249 | ||||||||
|
|
|
|||||||
| Chile—0.5% | ||||||||
| Banco de Credito e Inversiones S.A. |
1,742 | 63,596 | ||||||
| Banco Santander Chile |
16,954,471 | 849,606 | ||||||
| Cencosud S.A. |
261,821 | 506,334 | ||||||
| Cia Cervecerias Unidas S.A. |
35,039 | 312,010 | ||||||
| Colbun S.A. |
841,893 | 136,439 | ||||||
| Empresas COPEC S.A. |
33,971 | 281,974 | ||||||
| Falabella S.A. |
38,726 | 135,646 | ||||||
|
|
|
|||||||
| 2,285,605 | ||||||||
|
|
|
|||||||
| China—31.5% | ||||||||
| 3SBio, Inc. (a) |
767,000 | 751,299 | ||||||
| AAC Technologies Holdings, Inc. |
70,500 | 334,695 | ||||||
| Agile Group Holdings, Ltd. |
322,000 | 299,815 | ||||||
| Alibaba Group Holding, Ltd. (a) |
844,000 | 15,698,410 | ||||||
| Alibaba Health Information Technology, Ltd. (a) |
66,000 | 94,436 | ||||||
| Anhui Conch Cement Co., Ltd. - Class A |
5,100 | 32,132 | ||||||
| Anhui Conch Cement Co., Ltd. - Class H |
157,000 | 844,488 | ||||||
| Anhui Expressway Co., Ltd. - Class H |
78,000 | 47,723 | ||||||
| ANTA Sports Products, Ltd. (b) |
97,000 | 1,817,543 | ||||||
| Autohome, Inc. (ADR) |
4,200 | 197,106 | ||||||
| Baidu, Inc. (ADR) (a) |
18,100 | 2,782,875 | ||||||
| China—(Continued) | ||||||||
| BAIOO Family Interactive, Ltd. |
1,064,000 | 100,846 | ||||||
| Bank of Chengdu Co., Ltd. - Class A |
38,500 | 70,685 | ||||||
| Bank of China, Ltd. - Class H |
2,319,000 | 816,421 | ||||||
| Bank of Hangzhou Co., Ltd. - Class A |
120,800 | 276,702 | ||||||
| Bank of Jiangsu Co., Ltd. - Class A |
347,480 | 313,056 | ||||||
| Bank of Nanjing Co., Ltd. - Class A |
54,000 | 75,225 | ||||||
| Bank of Shanghai Co., Ltd. - Class A |
66,100 | 74,782 | ||||||
| Baoshan Iron & Steel Co., Ltd. - Class A |
260,800 | 349,504 | ||||||
| BeiGene, Ltd. (ADR) (a) |
1,100 | 399,300 | ||||||
| BGI Genomics Co., Ltd. - Class A |
10,500 | 142,602 | ||||||
| Bilibili, Inc. (ADR) (a) (b) |
1,500 | 99,255 | ||||||
| BOE Technology Group Co., Ltd. - Class A |
145,700 | 113,875 | ||||||
| Brilliance China Automotive Holdings, Ltd. (a) (c) (d) |
818,000 | 262,696 | ||||||
| BYD Co., Ltd. - Class A |
3,100 | 119,733 | ||||||
| BYD Co., Ltd. - Class H |
65,500 | 2,022,871 | ||||||
| BYD Electronic International Co., Ltd. |
154,000 | 538,194 | ||||||
| Changzhou Xingyu Automotive Lighting Systems Co., Ltd. - Class A |
2,900 | 80,723 | ||||||
| China BlueChemical, Ltd. - Class H |
810,000 | 296,653 | ||||||
| China Coal Energy Co., Ltd. - Class H |
303,000 | 231,011 | ||||||
| China Construction Bank Corp. - Class A |
260,600 | 240,794 | ||||||
| China Construction Bank Corp. - Class H |
5,351,000 | 3,795,723 | ||||||
| China Everbright, Ltd. |
12,241 | 14,401 | ||||||
| China Galaxy Securities Co., Ltd. - Class H |
504,500 | 292,084 | ||||||
| China Hongqiao Group, Ltd. |
553,500 | 696,769 | ||||||
| China International Marine Containers Group Co., Ltd. |
110,400 | 231,666 | ||||||
| China International Marine Containers Group Co., Ltd. - Class A |
50,900 | 139,480 | ||||||
| China Lesso Group Holdings, Ltd. |
436,000 | 695,675 | ||||||
| China Life Insurance Co., Ltd. - Class H |
304,000 | 495,790 | ||||||
| China Literature, Ltd. (a) |
11,600 | 88,099 | ||||||
| China Longyuan Power Group Corp., Ltd. - Class H |
511,000 | 1,248,640 | ||||||
| China Maple Leaf Educational Systems, Ltd. (a) (b) |
1,316,000 | 233,856 | ||||||
| China Medical System Holdings, Ltd. |
456,000 | 824,168 | ||||||
| China Meidong Auto Holdings, Ltd. |
26,000 | 130,147 | ||||||
| China Mengniu Dairy Co., Ltd. (a) |
16,000 | 102,929 | ||||||
| China Merchants Bank Co., Ltd. - Class A |
96,800 | 756,126 | ||||||
| China Merchants Bank Co., Ltd. - Class H |
333,500 | 2,646,993 | ||||||
| China National Building Material Co., Ltd. - Class H |
568,000 | 766,308 | ||||||
| China New Higher Education Group, Ltd. |
502,000 | 232,540 | ||||||
| China Overseas Land & Investment, Ltd. |
238,000 | 541,139 | ||||||
| China Petroleum & Chemical Corp. - Class H |
1,770,000 | 871,131 | ||||||
| China Resources Beer Holdings Co., Ltd. |
96,000 | 708,003 | ||||||
| China Resources Power Holdings Co., Ltd. |
410,000 | 1,180,052 | ||||||
| China Shenhua Energy Co., Ltd. - Class A |
126,911 | 444,209 | ||||||
| China Shenhua Energy Co., Ltd. - Class H (b) |
477,000 | 1,114,148 | ||||||
| China Tourism Group Duty Free Corp., Ltd. - Class A |
4,300 | 173,079 | ||||||
| China Traditional Chinese Medicine Holdings Co., Ltd. |
218,000 | 109,709 | ||||||
| China Vanke Co., Ltd. - Class H |
311,200 | 850,587 | ||||||
| China Yangtze Power Co., Ltd. - Class A |
114,300 | 388,497 | ||||||
| China Yongda Automobiles Services Holdings, Ltd. |
347,000 | 499,529 | ||||||
| China Yuhua Education Corp., Ltd. |
148,000 | 71,569 | ||||||
| Chongqing Brewery Co., Ltd. - Class A (a) |
26,000 | 521,618 | ||||||
| Chongqing Zhifei Biological Products Co., Ltd. - Class A |
23,900 | 588,264 | ||||||
| CIFI Ever Sunshine Services Group, Ltd. |
26,000 | 51,674 | ||||||
| CITIC Telecom International Holdings, Ltd. |
457,000 | 155,575 | ||||||
| CITIC, Ltd. |
838,000 | 883,536 | ||||||
BHFTI-341
Brighthouse Funds Trust I
SSGA Emerging Markets Enhanced Index Portfolio
Schedule of Investments as of September 30, 2021 (Unaudited)
Common Stocks—(Continued)
| Security Description | Shares | Value | ||||||
| China—(Continued) | ||||||||
| Contemporary Amperex Technology Co., Ltd. - Class A |
7,800 | $ | 634,786 | |||||
| COSCO SHIPPING Holdings Co., Ltd. - Class A (a) |
83,720 | 221,731 | ||||||
| COSCO SHIPPING Holdings Co., Ltd. - Class H (a) |
382,200 | 578,677 | ||||||
| Country Garden Services Holdings Co., Ltd. |
21,000 | 164,801 | ||||||
| CSPC Pharmaceutical Group, Ltd. |
932,240 | 1,106,656 | ||||||
| Da An Gene Co., Ltd. of Sun Yat-Sen University - Class A |
26,880 | 77,011 | ||||||
| Dali Foods Group Co., Ltd. (b) |
422,000 | 252,652 | ||||||
| Daqo New Energy Corp. (ADR) (a) |
2,000 | 114,000 | ||||||
| ENN Energy Holdings, Ltd. |
31,900 | 522,389 | ||||||
| Far East Horizon, Ltd. |
527,000 | 529,684 | ||||||
| Fosun International, Ltd. |
108,500 | 131,823 | ||||||
| G-bits Network Technology Xiamen Co., Ltd. - Class A |
2,144 | 129,857 | ||||||
| Geely Automobile Holdings, Ltd. |
373,000 | 1,057,365 | ||||||
| GF Securities Co., Ltd. - Class H |
300,600 | 524,068 | ||||||
| Great Wall Motor Co., Ltd. - Class H (b) |
341,000 | 1,239,437 | ||||||
| GSX Techedu, Inc. (ADR) (a) (b) |
1,700 | 5,219 | ||||||
| Guanghui Energy Co., Ltd. - Class A (a) |
138,100 | 182,223 | ||||||
| Guangzhou Kingmed Diagnostics Group Co., Ltd. - Class A |
7,700 | 121,940 | ||||||
| Haidilao International Holding, Ltd. (144A) (b) |
14,000 | 52,974 | ||||||
| Haier Smart Home Co., Ltd. - Class A |
81,300 | 327,446 | ||||||
| Haier Smart Home Co., Ltd. - Class H |
16,400 | 57,613 | ||||||
| Haitian International Holdings, Ltd. |
309,000 | 959,708 | ||||||
| Hangzhou Tigermed Consulting Co., Ltd. - Class A |
9,353 | 250,631 | ||||||
| Hello Group, Inc. (ADR) |
36,800 | 389,344 | ||||||
| Hengan International Group Co., Ltd. |
151,500 | 811,427 | ||||||
| Hengli Petrochemical Co., Ltd. - Class A |
125,500 | 499,656 | ||||||
| Hopson Development Holdings, Ltd. |
82,300 | 291,881 | ||||||
| Huadong Medicine Co., Ltd. - Class A |
28,900 | 132,520 | ||||||
| Hualan Biological Engineering, Inc. - Class A |
11,591 | 50,057 | ||||||
| Huaxin Cement Co., Ltd. - Class A |
56,300 | 177,995 | ||||||
| Hunan Valin Steel Co., Ltd. - Class A |
327,880 | 335,235 | ||||||
| Industrial & Commercial Bank of China, Ltd. - Class A |
216,000 | 155,779 | ||||||
| Industrial & Commercial Bank of China, Ltd. - Class H |
3,072,000 | 1,695,893 | ||||||
| Industrial Bank Co., Ltd. - Class A |
155,400 | 440,258 | ||||||
| Industrial Securities Co., Ltd. - Class A |
104,900 | 158,643 | ||||||
| Inke, Ltd. (a) |
264,000 | 50,644 | ||||||
| Inner Mongolia Eerduosi Resources Co., Ltd. - Class A |
49,600 | 275,530 | ||||||
| Jafron Biomedical Co., Ltd. - Class A |
9,700 | 87,646 | ||||||
| JD Health International, Inc. (144A) (a) (b) |
67,900 | 648,055 | ||||||
| JD.com, Inc. (ADR) (a) |
50,000 | 3,612,000 | ||||||
| Jiangsu Expressway Co., Ltd. - Class H |
362,000 | 366,470 | ||||||
| Jiangsu Yangnong Chemical Co., Ltd. - Class A |
9,600 | 154,753 | ||||||
| Jiayuan International Group, Ltd. |
168,000 | 65,515 | ||||||
| JiuGui Liquor Co., Ltd. - Class A |
5,000 | 191,474 | ||||||
| Jiumaojiu International Holdings, Ltd. |
96,000 | 289,788 | ||||||
| Joincare Pharmaceutical Group Industry Co., Ltd. - Class A |
75,599 | 132,986 | ||||||
| Jointown Pharmaceutical Group Co., Ltd. - Class A |
146,500 | 350,625 | ||||||
| JOYY, Inc. (ADR) (b) |
6,700 | 367,361 | ||||||
| KE Holdings, Inc. (ADR) (a) |
3,200 | 58,432 | ||||||
| Kingboard Holdings, Ltd. |
52,500 | 236,017 | ||||||
| Kuaishou Technology (144A) (a) |
1,400 | 14,805 | ||||||
| Kunlun Energy Co., Ltd. |
828,000 | 860,659 | ||||||
| Kweichow Moutai Co., Ltd. - Class A |
3,200 | 906,616 | ||||||
| Lee & Man Paper Manufacturing, Ltd. |
293,000 | 215,196 | ||||||
| Lenovo Group, Ltd. (b) |
1,206,000 | 1,293,717 | ||||||
| Li Ning Co., Ltd. |
111,000 | 1,280,487 | ||||||
| Livzon Pharmaceutical Group, Inc. - Class H |
70,300 | 255,807 | ||||||
| China—(Continued) | ||||||||
| Logan Group Co., Ltd. |
411,000 | 427,932 | ||||||
| Longfor Group Holdings, Ltd. (144A) |
222,000 | 1,020,218 | ||||||
| Lonking Holdings, Ltd. |
756,000 | 227,569 | ||||||
| Luxi Chemical Group Co., Ltd. - Class A |
72,600 | 209,752 | ||||||
| Luye Pharma Group, Ltd. (a) (b) |
432,000 | 222,799 | ||||||
| Luzhou Laojiao Co., Ltd. - Class A |
4,000 | 136,896 | ||||||
| Mango Excellent Media Co., Ltd. - Class A |
6,788 | 45,444 | ||||||
| Meituan - Class B (a) |
212,300 | 6,629,428 | ||||||
| Nanjing Iron & Steel Co., Ltd. - Class A |
448,000 | 274,735 | ||||||
| NARI Technology Co., Ltd. - Class A |
53,120 | 293,984 | ||||||
| NetEase, Inc. (ADR) |
28,900 | 2,468,060 | ||||||
| New Oriental Education & Technology Group, Inc. (ADR) (a) |
36,500 | 74,825 | ||||||
| NIO, Inc. (ADR) (a) |
63,400 | 2,258,942 | ||||||
| PetroChina Co., Ltd. - Class H |
802,000 | 375,416 | ||||||
| Pharmaron Beijing Co., Ltd. - Class H (b) |
50,600 | 1,202,393 | ||||||
| PICC Property & Casualty Co., Ltd. - Class H |
452,000 | 436,118 | ||||||
| Pinduoduo, Inc. (ADR) (a) |
19,800 | 1,795,266 | ||||||
| Ping An Bank Co., Ltd. - Class A |
93,559 | 259,722 | ||||||
| Ping An Insurance Group Co. of China, Ltd. - Class A |
18,700 | 139,190 | ||||||
| Ping An Insurance Group Co. of China, Ltd. - Class H |
411,500 | 2,792,246 | ||||||
| Power Construction Corp. of China, Ltd. |
177,400 | 231,423 | ||||||
| Powerlong Real Estate Holdings, Ltd. |
214,000 | 160,132 | ||||||
| Proya Cosmetics Co., Ltd. - Class A |
13,145 | 352,968 | ||||||
| Q Technology Group Co., Ltd. (b) |
107,000 | 152,233 | ||||||
| RLX Technology, Inc. (ADR) (a) |
12,600 | 56,952 | ||||||
| Shaanxi Coal Industry Co., Ltd. - Class A |
341,500 | 781,323 | ||||||
| Shandong Buchang Pharmaceuticals Co., Ltd. - Class A |
53,892 | 153,867 | ||||||
| Shandong Chenming Paper Holdings, Ltd. - Class A |
46,800 | 57,999 | ||||||
| Shandong Chenming Paper Holdings, Ltd. - Class H |
150,000 | 85,964 | ||||||
| Shandong Hualu Hengsheng Chemical Co., Ltd. - Class A |
20,180 | 102,084 | ||||||
| Shandong Linglong Tyre Co., Ltd. - Class A |
14,800 | 80,464 | ||||||
| Shandong Sinocera Functional Material Co., Ltd. - Class A |
6,600 | 42,042 | ||||||
| Shandong Weigao Group Medical Polymer Co., Ltd. - Class H |
28,000 | 49,440 | ||||||
| Shanghai Bairun Investment Holding Group Co., Ltd. - Class A |
15,260 | 174,766 | ||||||
| Shanghai Fosun Pharmaceutical Group Co., Ltd. - Class H |
115,000 | 586,953 | ||||||
| Shanghai Jahwa United Co., Ltd. - Class A |
11,900 | 80,644 | ||||||
| Shanghai Pharmaceuticals Holding Co., Ltd. - Class H |
141,100 | 272,050 | ||||||
| Shanxi Coking Coal Energy Group Co., Ltd. - Class A |
207,460 | 377,774 | ||||||
| Shanxi Xinghuacun Fen Wine Factory Co., Ltd. - Class A |
11,620 | 561,022 | ||||||
| Shenzhen Energy Group Co., Ltd. - Class A |
10,672 | 15,674 | ||||||
| Shenzhen International Holdings, Ltd. |
50,813 | 65,323 | ||||||
| Shenzhen Kangtai Biological Products Co., Ltd. - Class A |
3,430 | 58,471 | ||||||
| Shenzhen Mindray Bio-Medical Electronics Co., Ltd. - Class A |
9,000 | 535,686 | ||||||
| Shenzhou International Group Holdings, Ltd. |
10,500 | 219,474 | ||||||
| Shimao Group Holdings, Ltd. |
24,000 | 43,790 | ||||||
| Sinopharm Group Co., Ltd. - Class H |
212,800 | 552,712 | ||||||
| Sinotrans, Ltd. - Class A |
593,700 | 498,748 | ||||||
| Sinotrans, Ltd. - Class H |
1,454,000 | 568,494 | ||||||
| Sinotruk Hong Kong, Ltd. |
45,500 | 67,423 | ||||||
| SITC International Holdings Co., Ltd. |
107,000 | 381,473 | ||||||
| Sun Art Retail Group, Ltd. (b) |
430,500 | 197,988 | ||||||
| Sunny Optical Technology Group Co., Ltd. |
39,900 | 1,046,955 | ||||||
| TBEA Co., Ltd. |
76,900 | 288,678 | ||||||
| TCL Technology Group Corp. - Class A |
222,500 | 215,566 | ||||||
| Tencent Holdings, Ltd. |
329,700 | 19,331,702 | ||||||
| Tian Ge Interactive Holdings, Ltd. (a) |
66,231 | 7,195 | ||||||
BHFTI-342
Brighthouse Funds Trust I
SSGA Emerging Markets Enhanced Index Portfolio
Schedule of Investments as of September 30, 2021 (Unaudited)
Common Stocks—(Continued)
| Security Description | Shares | Value | ||||||
| China—(Continued) | ||||||||
| Tianli Education International Holdings, Ltd. (b) |
365,000 | $ | 79,919 | |||||
| Tingyi Cayman Islands Holding Corp. |
7,876 | 14,634 | ||||||
| Tongcheng-Elong Holdings, Ltd. (a) |
76,800 | 183,549 | ||||||
| Tongkun Group Co., Ltd. - Class A |
55,760 | 189,360 | ||||||
| Topchoice Medical Corp. - Class A (a) |
3,600 | 167,718 | ||||||
| Topsports International Holdings, Ltd. |
41,000 | 46,268 | ||||||
| Tsingtao Brewery Co., Ltd. - Class H (b) |
46,000 | 358,950 | ||||||
| Uni-President China Holdings, Ltd. |
249,000 | 237,847 | ||||||
| Vipshop Holdings, Ltd. (ADR) (a) |
25,600 | 285,184 | ||||||
| Virscend Education Co., Ltd. |
216,000 | 13,503 | ||||||
| Wangfujing Group Co., Ltd. - Class A |
10,000 | 45,809 | ||||||
| Want Want China Holdings, Ltd. |
1,416,000 | 1,069,523 | ||||||
| Weibo Corp. (ADR) (a) |
5,700 | 270,693 | ||||||
| Weichai Power Co., Ltd. - Class A |
39,300 | 104,390 | ||||||
| Weichai Power Co., Ltd. - Class H |
408,000 | 845,095 | ||||||
| Weifu High-Technology Group Co., Ltd. - Class A |
64,100 | 204,729 | ||||||
| Wuhu Sanqi Interactive Entertainment Network Technology Group Co., Ltd. - Class A |
32,700 | 106,258 | ||||||
| Wuliangye Yibin Co., Ltd. - Class A |
9,800 | 332,931 | ||||||
| WuXi AppTec Co., Ltd. - Class H |
31,000 | 723,652 | ||||||
| Wuxi Biologics Cayman, Inc. (144A) (a) |
128,000 | 2,068,898 | ||||||
| XD, Inc. (a) |
14,000 | 77,679 | ||||||
| Xiaomi Corp. - Class B (144A) (a) |
553,000 | 1,504,874 | ||||||
| Xinxing Ductile Iron Pipes Co., Ltd. - Class A |
584,200 | 390,113 | ||||||
| XPeng, Inc. (ADR) (a) |
11,300 | 401,602 | ||||||
| Yadea Group Holdings, Ltd. |
496,000 | 803,598 | ||||||
| YuanShengTai Dairy Farm, Ltd. (a) |
953,000 | 39,822 | ||||||
| Yuexiu Property Co., Ltd. |
149,600 | 140,334 | ||||||
| Yum China Holdings, Inc. |
27,200 | 1,580,592 | ||||||
| Yutong Bus Co., Ltd. - Class A |
24,600 | 43,020 | ||||||
| Zai Lab, Ltd. (ADR) (a) |
2,800 | 295,092 | ||||||
| Zhejiang Century Huatong Group Co., Ltd. - Class A (a) |
52,080 | 59,651 | ||||||
| Zhejiang Jiahua Energy Chemical Industry Co., Ltd. - Class A |
172,000 | 282,971 | ||||||
| Zhongsheng Group Holdings, Ltd. (b) |
150,500 | 1,209,630 | ||||||
| Zijin Mining Group Co., Ltd. - Class H |
148,000 | 177,584 | ||||||
| ZTE Corp. - Class H |
95,200 | 310,101 | ||||||
|
|
|
|||||||
| 142,577,085 | ||||||||
|
|
|
|||||||
| Colombia—0.1% | ||||||||
| Ecopetrol S.A. |
288,427 | 207,091 | ||||||
| Interconexion Electrica S.A. ESP |
16,002 | 95,395 | ||||||
|
|
|
|||||||
| 302,486 | ||||||||
|
|
|
|||||||
| Czech Republic—0.2% | ||||||||
| Komercni Banka A/S (a) |
10,225 | 414,088 | ||||||
| Moneta Money Bank AS (a) |
108,946 | 439,011 | ||||||
| O2 Czech Republic A.S. |
4,961 | 59,605 | ||||||
| Philip Morris CR A/S |
106 | 76,904 | ||||||
|
|
|
|||||||
| 989,608 | ||||||||
|
|
|
|||||||
| Egypt—0.1% | ||||||||
| Eastern Co. S.A.E. |
103,095 | 80,264 | ||||||
| Egyptian Financial Group-Hermes Holding Co. (a) |
26,421 | 20,425 | ||||||
| ElSewedy Electric Co. |
254,173 | 132,055 | ||||||
| Medinet Nasr Housing |
182,443 | 31,099 | ||||||
|
|
|
|||||||
| 263,843 | ||||||||
|
|
|
|||||||
| Greece—0.3% | ||||||||
| Hellenic Telecommunications Organization S.A. |
46,425 | 867,673 | ||||||
| Mytilineos S.A. |
21,404 | 349,223 | ||||||
| OPAP S.A. |
22,928 | 353,674 | ||||||
|
|
|
|||||||
| 1,570,570 | ||||||||
|
|
|
|||||||
| Hong Kong—0.8% | ||||||||
| Bosideng International Holdings, Ltd. (b) |
1,320,000 | 931,845 | ||||||
| China High Speed Transmission Equipment Group Co., Ltd. (a) |
535,000 | 448,495 | ||||||
| Huabao International Holdings, Ltd. |
257,000 | 501,457 | ||||||
| Kingboard Laminates Holdings, Ltd. |
482,000 | 785,799 | ||||||
| Nine Dragons Paper Holdings, Ltd. |
263,000 | 321,592 | ||||||
| Sino Biopharmaceutical, Ltd. |
87,000 | 72,513 | ||||||
| United Laboratories International Holdings, Ltd. (The) |
184,000 | 122,069 | ||||||
| Vinda International Holdings, Ltd. (b) |
112,000 | 331,132 | ||||||
| WH Group, Ltd. |
31,902 | 22,695 | ||||||
|
|
|
|||||||
| 3,537,597 | ||||||||
|
|
|
|||||||
| Hungary—0.2% | ||||||||
| Magyar Telekom Telecommunications plc |
42,755 | 58,348 | ||||||
| OTP Bank Nyrt (a) |
1,420 | 83,246 | ||||||
| Richter Gedeon Nyrt |
23,925 | 651,234 | ||||||
|
|
|
|||||||
| 792,828 | ||||||||
|
|
|
|||||||
| India—11.5% | ||||||||
| Adani Ports & Special Economic Zone, Ltd. |
49,502 | 488,755 | ||||||
| Ambuja Cements, Ltd. |
129,027 | 695,419 | ||||||
| Apollo Tyres, Ltd. |
24,674 | 74,583 | ||||||
| Axis Bank, Ltd. (a) |
34,865 | 359,348 | ||||||
| Bajaj Auto, Ltd. |
6,108 | 313,684 | ||||||
| Bajaj Finance, Ltd. |
7,457 | 766,111 | ||||||
| Bajaj Finserv, Ltd. |
5,596 | 1,340,206 | ||||||
| Balkrishna Industries, Ltd. |
18,235 | 619,643 | ||||||
| Balrampur Chini Mills, Ltd. |
70,813 | 347,137 | ||||||
| Bharat Electronics, Ltd. |
456,110 | 1,229,971 | ||||||
| Bharat Petroleum Corp., Ltd. |
73,019 | 423,875 | ||||||
| Bharti Airtel, Ltd. |
51,734 | 474,427 | ||||||
| Birlasoft, Ltd. |
108,404 | 587,305 | ||||||
| Bombay Burmah Trading Co. |
6,950 | 106,678 | ||||||
| Cadila Healthcare, Ltd. |
34,394 | 253,202 | ||||||
| Chambal Fertilizers and Chemicals, Ltd. |
117,123 | 527,348 | ||||||
| Cyient, Ltd. |
32,220 | 461,569 | ||||||
| DCM Shriram, Ltd. |
24,986 | 337,901 | ||||||
| Divi’s Laboratories, Ltd. |
22,240 | 1,431,851 | ||||||
| EID Parry India, Ltd. (a) |
13,633 | 76,675 | ||||||
| Emami, Ltd. |
31,854 | 244,714 | ||||||
| Engineers India, Ltd. |
45,586 | 48,249 | ||||||
| Firstsource Solutions, Ltd. |
145,770 | 381,647 | ||||||
| GAIL India, Ltd. |
510,256 | 1,073,481 | ||||||
| Glenmark Pharmaceuticals, Ltd. |
33,640 | 229,729 | ||||||
| Grasim Industries, Ltd. |
15,040 | 335,425 | ||||||
| Gujarat State Petronet, Ltd. |
106,922 | 450,900 | ||||||
| HCL Technologies, Ltd. |
114,853 | 1,973,243 | ||||||
| Hindalco Industries, Ltd. |
192,340 | 1,259,685 | ||||||
| Hindustan Aeronautics, Ltd. |
24,990 | 454,343 | ||||||
BHFTI-343
Brighthouse Funds Trust I
SSGA Emerging Markets Enhanced Index Portfolio
Schedule of Investments as of September 30, 2021 (Unaudited)
Common Stocks—(Continued)
| Security Description | Shares | Value | ||||||
| India—(Continued) | ||||||||
| Hindustan Petroleum Corp., Ltd. |
58,435 | $ | 236,253 | |||||
| Hindustan Unilever, Ltd. |
23,594 | 855,586 | ||||||
| Housing Development Finance Corp., Ltd. |
68,576 | 2,500,320 | ||||||
| ICICI Bank, Ltd. |
235,714 | 2,218,968 | ||||||
| Indian Oil Corp., Ltd. |
211,293 | 351,845 | ||||||
| Indus Towers, Ltd. |
89,557 | 366,158 | ||||||
| Infosys, Ltd. (ADR) |
231,700 | 5,155,325 | ||||||
| Ipca Laboratories, Ltd. |
8,269 | 270,516 | ||||||
| ITC, Ltd. |
18,465 | 58,272 | ||||||
| JB Chemicals & Pharmaceuticals, Ltd. |
9,212 | 228,789 | ||||||
| JK Lakshmi Cement, Ltd. |
10,953 | 90,557 | ||||||
| JSW Steel, Ltd. |
136,576 | 1,211,146 | ||||||
| Kalpataru Power Transmission, Ltd. |
46,383 | 251,271 | ||||||
| Kaveri Seed Co., Ltd. |
10,900 | 84,702 | ||||||
| Kotak Mahindra Bank, Ltd. |
1,481 | 39,783 | ||||||
| LIC Housing Finance, Ltd. |
77,860 | 442,687 | ||||||
| Mahanagar Gas, Ltd. |
24,872 | 359,506 | ||||||
| Manappuram Finance, Ltd. |
19,672 | 44,555 | ||||||
| Marico, Ltd. |
58,867 | 431,113 | ||||||
| Muthoot Finance, Ltd. |
13,796 | 267,981 | ||||||
| NCC, Ltd. |
126,187 | 138,188 | ||||||
| NHPC, Ltd. |
800,792 | 318,202 | ||||||
| NMDC, Ltd. |
148,990 | 284,751 | ||||||
| Oil & Natural Gas Corp., Ltd. |
218,272 | 421,970 | ||||||
| Petronet LNG, Ltd. |
15,492 | 49,536 | ||||||
| Power Grid Corp. of India, Ltd. |
572,546 | 1,449,072 | ||||||
| REC, Ltd. |
534,939 | 1,131,439 | ||||||
| Reliance Industries, Ltd. |
139,058 | 4,687,179 | ||||||
| Shriram Transport Finance Co., Ltd. |
55,163 | 959,170 | ||||||
| Sonata Software, Ltd. |
21,537 | 256,831 | ||||||
| State Bank of India |
145,187 | 886,833 | ||||||
| Sun Pharmaceutical Industries, Ltd. |
82,734 | 906,125 | ||||||
| Sun TV Network, Ltd. |
91,007 | 616,634 | ||||||
| Tata Chemicals, Ltd. |
40,486 | 496,478 | ||||||
| Tech Mahindra, Ltd. |
81,742 | 1,515,178 | ||||||
| Torrent Power, Ltd. |
69,251 | 470,244 | ||||||
| UPL, Ltd. |
115,598 | 1,094,905 | ||||||
| Vedanta, Ltd. |
114,842 | 443,974 | ||||||
| Vedanta, Ltd. (ADR) |
30,900 | 472,152 | ||||||
| Welspun India, Ltd. |
229,124 | 517,415 | ||||||
| Wipro, Ltd. |
181,442 | 1,538,888 | ||||||
| Wipro, Ltd. (ADR) |
68,400 | 603,972 | ||||||
|
|
|
|||||||
| 52,091,573 | ||||||||
|
|
|
|||||||
| Indonesia—1.3% | ||||||||
| Adaro Energy Tbk PT |
359,062 | 43,940 | ||||||
| AKR Corporindo Tbk PT |
1,026,500 | 311,525 | ||||||
| Astra International Tbk PT |
1,020,700 | 389,948 | ||||||
| Bank Central Asia Tbk PT |
473,100 | 1,157,204 | ||||||
| Bank Mandiri Persero Tbk PT |
2,730,900 | 1,160,520 | ||||||
| Bank Rakyat Indonesia Persero Tbk PT |
5,167,600 | 1,373,409 | ||||||
| Indo Tambangraya Megah Tbk PT |
245,600 | 356,369 | ||||||
| Indofood Sukses Makmur Tbk PT |
634,000 | 280,098 | ||||||
| Japfa Comfeed Indonesia Tbk PT |
1,385,500 | 190,475 | ||||||
| Telkom Indonesia Persero Tbk PT (ADR) |
28,800 | 731,520 | ||||||
| United Tractors Tbk PT |
44,900 | 80,646 | ||||||
|
|
|
|||||||
| 6,075,654 | ||||||||
|
|
|
|||||||
| Malaysia—1.1% | ||||||||
| AMMB Holdings Bhd (a) |
207,700 | 157,549 | ||||||
| Astro Malaysia Holdings Bhd |
368,000 | 90,203 | ||||||
| Bumi Armada Bhd (a) |
3,077,300 | 335,224 | ||||||
| CIMB Group Holdings Bhd |
462,800 | 527,290 | ||||||
| Fraser & Neave Holdings Bhd |
753 | 4,777 | ||||||
| Hartalega Holdings Bhd |
50,800 | 74,418 | ||||||
| Hong Leong Financial Group Bhd |
20,100 | 87,592 | ||||||
| Kossan Rubber Industries |
311,100 | 171,278 | ||||||
| Mah Sing Group Bhd |
450,200 | 75,754 | ||||||
| MISC Bhd |
72,300 | 118,434 | ||||||
| Petronas Gas Bhd |
79,500 | 318,075 | ||||||
| Public Bank Bhd |
211,200 | 205,006 | ||||||
| RHB Bank Bhd |
503,620 | 656,102 | ||||||
| Sime Darby Bhd |
1,055,600 | 569,527 | ||||||
| Supermax Corp. Bhd |
280,683 | 159,320 | ||||||
| Telekom Malaysia Bhd |
598,800 | 811,807 | ||||||
| Tenaga Nasional Bhd |
114,000 | 262,489 | ||||||
| Top Glove Corp. Bhd |
451,100 | 310,192 | ||||||
| Westports Holdings Bhd |
44,200 | 47,554 | ||||||
| YTL Power International Bhd |
104,136 | 16,544 | ||||||
|
|
|
|||||||
| 4,999,135 | ||||||||
|
|
|
|||||||
| Mexico—1.6% | ||||||||
| America Movil S.A.B. de C.V. - Series L |
2,952,573 | 2,613,352 | ||||||
| Arca Continental S.A.B. de C.V. |
103,800 | 632,007 | ||||||
| Bolsa Mexicana de Valores S.A.B. de C.V. (b) |
41,700 | 79,879 | ||||||
| Fibra Uno Administracion S.A. de C.V. |
435,500 | 495,598 | ||||||
| GMexico Transportes S.A.B. de C.V. (b) |
42,500 | 62,778 | ||||||
| Grupo Bimbo S.A.B. de C.V. - Series A |
167,000 | 469,330 | ||||||
| Grupo Comercial Chedraui S.A. de C.V. |
42,700 | 74,058 | ||||||
| Grupo Financiero Banorte S.A.B. de C.V. - Class O |
248,300 | 1,591,338 | ||||||
| Grupo Mexico S.A.B. de C.V. - Series B |
86,300 | 343,168 | ||||||
| Macquarie Mexico Real Estate Management S.A. de C.V. |
21,972 | 26,313 | ||||||
| Orbia Advance Corp. S.A.B. de C.V. |
304,100 | 780,673 | ||||||
|
|
|
|||||||
| 7,168,494 | ||||||||
|
|
|
|||||||
| Philippines—0.6% | ||||||||
| Filinvest Land, Inc. |
2,072,000 | 44,670 | ||||||
| First Gen Corp. |
70,600 | 46,994 | ||||||
| Globe Telecom, Inc. |
9,810 | 573,641 | ||||||
| International Container Terminal Services, Inc. |
171,860 | 656,607 | ||||||
| LT Group, Inc. |
243,200 | 48,507 | ||||||
| Manila Electric Co. |
49,830 | 289,972 | ||||||
| Nickel Asia Corp. |
749,500 | 76,849 | ||||||
| PLDT, Inc. |
26,395 | 870,280 | ||||||
| Semirara Mining & Power Corp. |
284,500 | 117,012 | ||||||
|
|
|
|||||||
| 2,724,532 | ||||||||
|
|
|
|||||||
| Poland—0.7% | ||||||||
| Allegro.eu S.A. (144A) (a) |
9,782 | 142,244 | ||||||
| Asseco Poland S.A. |
14,433 | 317,723 | ||||||
| Bank Polska Kasa Opieki S.A. |
22,125 | 572,944 | ||||||
| Cyfrowy Polsat S.A. |
56,230 | 503,690 | ||||||
| Dino Polska S.A. (a) |
4,065 | 339,300 | ||||||
| Polskie Gornictwo Naftowe i Gazownictwo S.A. |
355,945 | 577,946 | ||||||
| Powszechna Kasa Oszczednosci Bank Polski S.A. (a) |
75,412 | 800,150 | ||||||
|
|
|
|||||||
| 3,253,997 | ||||||||
|
|
|
|||||||
BHFTI-344
Brighthouse Funds Trust I
SSGA Emerging Markets Enhanced Index Portfolio
Schedule of Investments as of September 30, 2021 (Unaudited)
Common Stocks—(Continued)
| Security Description | Shares | Value | ||||||
| Qatar—0.5% | ||||||||
| Masraf Al Rayan QSC |
621,839 | $ | 766,171 | |||||
| Ooredoo QPSC |
65,929 | 132,660 | ||||||
| Qatar Electricity & Water Co. QSC |
39,194 | 182,039 | ||||||
| Qatar Gas Transport Co., Ltd. |
301,507 | 256,368 | ||||||
| Qatar International Islamic Bank QSC |
23,669 | 63,145 | ||||||
| Qatar Islamic Bank SAQ |
92,282 | 464,316 | ||||||
| Qatar National Bank QPSC |
60,312 | 317,160 | ||||||
|
|
|
|||||||
| 2,181,859 | ||||||||
|
|
|
|||||||
| Russia—3.6% | ||||||||
| Evraz plc |
19,881 | 158,627 | ||||||
| Gazprom PJSC (ADR) |
9,700 | 96,418 | ||||||
| Gazprom PJSC (ADR) |
288,129 | 2,836,192 | ||||||
| LUKOIL PJSC (ADR) |
30,903 | 2,942,130 | ||||||
| Magnit PJSC (GDR) |
23,978 | 401,829 | ||||||
| MMC Norilsk Nickel PJSC (ADR) |
9,141 | 270,595 | ||||||
| Mobile TeleSystems PJSC (ADR) |
126,600 | 1,220,424 | ||||||
| Novatek PJSC (GDR) |
2,263 | 588,508 | ||||||
| Novolipetsk Steel PJSC (GDR) |
13,598 | 400,030 | ||||||
| PhosAgro PJSC (GDR) |
43,539 | 983,348 | ||||||
| Rosneft Oil Co. PJSC (GDR) |
77,745 | 648,193 | ||||||
| Sberbank of Russia PJSC (ADR) |
178,524 | 3,317,018 | ||||||
| Sberbank of Russia PJSC (ADR) |
41,346 | 775,238 | ||||||
| Severstal PAO (GDR) |
23,598 | 491,513 | ||||||
| Tatneft PJSC (ADR) |
7,842 | 339,494 | ||||||
| X5 Retail Group NV (GDR) |
23,631 | 761,802 | ||||||
|
|
|
|||||||
| 16,231,359 | ||||||||
|
|
|
|||||||
| Saudi Arabia—3.3% | ||||||||
| Al Rajhi Bank |
98,132 | 3,207,538 | ||||||
| Alinma Bank |
121,463 | 775,797 | ||||||
| Arab National Bank |
51,460 | 315,177 | ||||||
| Arriyadh Development Co. |
61,351 | 449,434 | ||||||
| Bank Al-Jazira |
203,507 | 996,844 | ||||||
| Banque Saudi Fransi |
43,285 | 482,128 | ||||||
| Leejam Sports Co. JSC |
11,730 | 326,670 | ||||||
| Mouwasat Medical Services Co. |
3,624 | 174,782 | ||||||
| National Medical Care Co. |
3,401 | 56,862 | ||||||
| National Petrochemical Co. |
12,061 | 160,794 | ||||||
| Qassim Cement Co. (The) |
12,489 | 275,974 | ||||||
| Riyad Bank |
73,047 | 525,128 | ||||||
| Sahara International Petrochemical Co. |
80,418 | 931,235 | ||||||
| Saudi Arabian Oil Co. |
23,543 | 225,957 | ||||||
| Saudi Basic Industries Corp. |
33,009 | 1,119,638 | ||||||
| Saudi Industrial Investment Group |
85,545 | 930,757 | ||||||
| Saudi National Bank (The) |
88,169 | 1,442,619 | ||||||
| Saudi Telecom Co. |
45,261 | 1,533,209 | ||||||
| United Electronics Co. |
10,739 | 408,122 | ||||||
| United International Transportation Co. |
36,473 | 481,811 | ||||||
|
|
|
|||||||
| 14,820,476 | ||||||||
|
|
|
|||||||
| Singapore—0.1% | ||||||||
| BOC Aviation, Ltd. |
45,900 | 381,506 | ||||||
|
|
|
|||||||
| South Africa—2.9% | ||||||||
| Absa Group, Ltd. |
57,173 | 575,519 | ||||||
| African Rainbow Minerals, Ltd. |
18,469 | 232,479 | ||||||
| Anglo American Platinum, Ltd. (b) |
3,900 | 337,522 | ||||||
| AngloGold Ashanti, Ltd. |
3,371 | 53,626 | ||||||
| Clicks Group, Ltd. |
14,541 | 267,705 | ||||||
| Coronation Fund Managers, Ltd. |
127,101 | 422,533 | ||||||
| Exxaro Resources, Ltd. |
11,033 | 117,373 | ||||||
| FirstRand, Ltd. |
47,156 | 199,996 | ||||||
| Gold Fields, Ltd. |
40,523 | 330,050 | ||||||
| Impala Platinum Holdings, Ltd. |
68,596 | 767,468 | ||||||
| Investec, Ltd. |
131,944 | 572,440 | ||||||
| Kumba Iron Ore, Ltd. |
18,926 | 623,192 | ||||||
| Life Healthcare Group Holdings, Ltd. (a) |
49,524 | 74,900 | ||||||
| Motus Holdings, Ltd. |
34,625 | 233,709 | ||||||
| Mr. Price Group, Ltd. (b) |
22,345 | 298,494 | ||||||
| MTN Group (a) |
70,631 | 662,892 | ||||||
| MultiChoice Group |
47,482 | 359,385 | ||||||
| Naspers, Ltd. - N Shares |
9,898 | 1,631,071 | ||||||
| Old Mutual, Ltd. |
483,946 | 529,001 | ||||||
| PSG Group, Ltd. |
45,366 | 223,468 | ||||||
| Reunert, Ltd. |
45,892 | 144,749 | ||||||
| Sasol, Ltd. (a) |
22,281 | 421,209 | ||||||
| Shoprite Holdings, Ltd. |
105,973 | 1,254,895 | ||||||
| Sibanye Stillwater, Ltd. |
311,297 | 959,255 | ||||||
| Standard Bank Group, Ltd. |
53,301 | 506,137 | ||||||
| Vodacom Group, Ltd. (b) |
68,280 | 652,992 | ||||||
| Woolworths Holdings, Ltd. |
154,069 | 605,094 | ||||||
|
|
|
|||||||
| 13,057,154 | ||||||||
|
|
|
|||||||
| South Korea—11.9% | ||||||||
| AMOREPACIFIC Group |
2,145 | 87,805 | ||||||
| Celltrion, Inc. (a) |
2,800 | 613,014 | ||||||
| Cheil Worldwide, Inc. |
22,397 | 424,813 | ||||||
| Chong Kun Dang Pharmaceutical Corp. |
2,389 | 241,014 | ||||||
| CJ CheilJedang Corp. |
1,028 | 352,434 | ||||||
| Com2uSCorp |
5,831 | 484,644 | ||||||
| Daishin Securities Co., Ltd. |
21,865 | 379,791 | ||||||
| DB HiTek Co., Ltd. |
10,316 | 468,490 | ||||||
| DB Insurance Co., Ltd. |
8,849 | 469,787 | ||||||
| DoubleUGames Co., Ltd. |
3,107 | 163,210 | ||||||
| E-MART, Inc. |
7,186 | 982,553 | ||||||
| Green Cross Corp. |
1,400 | 390,031 | ||||||
| Green Cross Holdings Corp. |
3,469 | 92,008 | ||||||
| GS Engineering & Construction Corp. |
7,471 | 265,553 | ||||||
| Hana Financial Group, Inc. |
30,099 | 1,161,785 | ||||||
| Hankook Tire & Technology Co., Ltd. |
10,788 | 388,198 | ||||||
| HMM Co., Ltd. (a) |
3,444 | 96,901 | ||||||
| Huons Co., Ltd. |
774 | 35,318 | ||||||
| Hyosung TNC Corp. |
913 | 492,312 | ||||||
| Hyundai Engineering & Construction Co., Ltd. |
3,321 | 141,669 | ||||||
| Hyundai Glovis Co., Ltd. |
5,509 | 760,619 | ||||||
| Hyundai Home Shopping Network Corp. |
1,412 | 84,121 | ||||||
| Hyundai Mobis Co., Ltd. |
3,127 | 659,047 | ||||||
| Hyundai Motor Co. |
8,477 | 1,412,460 | ||||||
| i-SENS, Inc. |
2,515 | 66,324 | ||||||
| Kakao Corp. |
12,223 | 1,197,402 | ||||||
BHFTI-345
Brighthouse Funds Trust I
SSGA Emerging Markets Enhanced Index Portfolio
Schedule of Investments as of September 30, 2021 (Unaudited)
Common Stocks—(Continued)
| Security Description | Shares | Value | ||||||
| South Korea—(Continued) | ||||||||
| KB Financial Group, Inc. |
41,876 | $ | 1,947,154 | |||||
| Kia Corp. |
27,423 | 1,852,851 | ||||||
| KIWOOM Securities Co., Ltd. |
619 | 56,604 | ||||||
| Kolon Industries, Inc. |
6,109 | 510,075 | ||||||
| Korea Investment Holdings Co., Ltd. |
2,864 | 205,587 | ||||||
| Korea Petrochemical Ind Co., Ltd. |
133 | 23,856 | ||||||
| Korea Real Estate Investment & Trust Co., Ltd. |
74,754 | 154,006 | ||||||
| KT&G Corp. |
15,525 | 1,059,361 | ||||||
| Kumho Petrochemical Co., Ltd. |
5,776 | 915,778 | ||||||
| LG Chem, Ltd. |
1,875 | 1,224,746 | ||||||
| LG Corp. |
3,484 | 270,962 | ||||||
| LG Electronics, Inc. |
12,717 | 1,349,154 | ||||||
| LG Innotek Co., Ltd. |
5,943 | 1,029,057 | ||||||
| LS Electric Co., Ltd. |
909 | 50,647 | ||||||
| Mirae Asset Securities Co., Ltd. |
95,568 | 689,485 | ||||||
| NAVER Corp. |
4,044 | 1,317,714 | ||||||
| NH Investment & Securities Co., Ltd. |
32,191 | 346,500 | ||||||
| Osstem Implant Co., Ltd. |
4,035 | 452,071 | ||||||
| POSCO |
4,551 | 1,264,885 | ||||||
| Posco International Corp. |
8,319 | 164,700 | ||||||
| Samjin Pharmaceutical Co., Ltd. |
5,071 | 106,059 | ||||||
| Samsung C&T Corp. |
3,561 | 366,096 | ||||||
| Samsung Electro-Mechanics Co., Ltd. |
8,449 | 1,242,916 | ||||||
| Samsung Electronics Co., Ltd. |
283,602 | 17,651,050 | ||||||
| Samsung Engineering Co., Ltd. (a) |
9,160 | 194,031 | ||||||
| Samsung Life Insurance Co., Ltd. |
972 | 59,714 | ||||||
| Samsung SDI Co., Ltd. |
1,555 | 935,427 | ||||||
| Samsung Securities Co., Ltd. |
14,365 | 573,857 | ||||||
| Seegene, Inc. |
610 | 31,361 | ||||||
| Shinhan Financial Group Co., Ltd. |
34,686 | 1,165,026 | ||||||
| Silicon Works Co., Ltd. |
4,991 | 420,296 | ||||||
| SK Gas, Ltd. |
1,348 | 182,533 | ||||||
| SK Holdings Co., Ltd. |
2,605 | 578,478 | ||||||
| SK Hynix, Inc. |
24,353 | 2,099,971 | ||||||
| SK Telecom Co., Ltd. (a) |
4,036 | 1,100,554 | ||||||
| Suheung Co., Ltd. |
2,317 | 101,111 | ||||||
| Vieworks Co., Ltd. |
3,560 | 119,269 | ||||||
|
|
|
|||||||
| 53,724,245 | ||||||||
|
|
|
|||||||
| Taiwan—14.5% | ||||||||
| Acer, Inc. |
57,000 | 50,443 | ||||||
| ASE Technology Holding Co., Ltd. |
372,000 | 1,448,072 | ||||||
| Asustek Computer, Inc. |
54,000 | 627,459 | ||||||
| Bioteque Corp. |
17,000 | 67,328 | ||||||
| Cathay Financial Holding Co., Ltd. |
937,251 | 1,918,840 | ||||||
| Cheng Loong Corp. |
134,000 | 170,164 | ||||||
| China Development Financial Holding Corp. |
2,769,000 | 1,392,181 | ||||||
| China Life Insurance Co., Ltd. |
187,000 | 192,163 | ||||||
| Chipbond Technology Corp. |
37,000 | 89,296 | ||||||
| ChipMOS Technologies, Inc. |
292,000 | 488,954 | ||||||
| Coretronic Corp. |
60,000 | 118,018 | ||||||
| CTBC Financial Holding Co., Ltd. |
2,198,000 | 1,792,335 | ||||||
| Delta Electronics, Inc. |
27,000 | 242,899 | ||||||
| Evergreen Marine Corp. Taiwan, Ltd. |
76,000 | 334,058 | ||||||
| Far Eastern Department Stores, Ltd. |
294,000 | 234,811 | ||||||
| Far Eastern International Bank |
159,163 | 59,470 | ||||||
| Taiwan—(Continued) | ||||||||
| Far Eastern New Century Corp. |
54,000 | 57,283 | ||||||
| First Financial Holding Co., Ltd. |
841,502 | 678,240 | ||||||
| Fubon Financial Holding Co., Ltd. |
821,700 | 2,241,418 | ||||||
| Gamania Digital Entertainment Co., Ltd. |
33,000 | 67,643 | ||||||
| Giant Manufacturing Co., Ltd. |
59,642 | 673,974 | ||||||
| Great Wall Enterprise Co., Ltd. |
56,650 | 110,759 | ||||||
| Ho Tung Chemical Corp. |
236,000 | 89,108 | ||||||
| Holtek Semiconductor, Inc. |
26,000 | 103,724 | ||||||
| Hon Hai Precision Industry Co., Ltd. |
916,000 | 3,423,253 | ||||||
| Huaku Development Co., Ltd. |
33,000 | 105,583 | ||||||
| Kindom Development Co., Ltd. |
254,100 | 356,733 | ||||||
| King’s Town Bank Co., Ltd. |
296,000 | 439,590 | ||||||
| Kung Long Batteries Industrial Co., Ltd. |
7,000 | 34,752 | ||||||
| Lite-On Technology Corp. |
546,000 | 1,220,341 | ||||||
| MediaTek, Inc. |
100,000 | 3,223,331 | ||||||
| Micro-Star International Co., Ltd. |
31,000 | 141,705 | ||||||
| momo.com, Inc. |
10,400 | 603,915 | ||||||
| Nien Made Enterprise Co., Ltd. |
23,000 | 325,125 | ||||||
| Novatek Microelectronics Corp. |
84,000 | 1,219,525 | ||||||
| Phison Electronics Corp. |
17,000 | 227,695 | ||||||
| Pou Chen Corp. |
636,000 | 762,693 | ||||||
| Powertech Technology, Inc. |
217,000 | 802,517 | ||||||
| Quanta Computer, Inc. |
258,000 | 716,046 | ||||||
| Realtek Semiconductor Corp. |
43,000 | 757,787 | ||||||
| Sanyang Motor Co., Ltd. |
58,000 | 54,795 | ||||||
| Simplo Technology Co., Ltd. |
51,000 | 524,594 | ||||||
| SinoPac Financial Holdings Co., Ltd. |
2,574,000 | 1,276,074 | ||||||
| Taishin Financial Holding Co., Ltd. |
2,024,818 | 1,303,558 | ||||||
| Taiwan Hon Chuan Enterprise Co., Ltd. |
38,000 | 95,901 | ||||||
| Taiwan Semiconductor Manufacturing Co., Ltd. |
1,416,000 | 29,199,400 | ||||||
| Teco Electric and Machinery Co., Ltd. |
214,000 | 237,204 | ||||||
| Test Research, Inc. |
28,000 | 55,989 | ||||||
| Tripod Technology Corp. |
14,000 | 55,766 | ||||||
| TXC Corp. |
82,000 | 302,093 | ||||||
| Uni-President Enterprises Corp. |
446,000 | 1,084,686 | ||||||
| United Integrated Services Co., Ltd. |
15,000 | 94,567 | ||||||
| United Microelectronics Corp. |
664,000 | 1,515,149 | ||||||
| Wan Hai Lines, Ltd. |
40,700 | 290,042 | ||||||
| Yang Ming Marine Transport Corp. (a) |
52,000 | 218,926 | ||||||
| YFY, Inc. |
232,000 | 280,052 | ||||||
| Yuanta Financial Holding Co., Ltd. |
1,611,160 | 1,418,087 | ||||||
|
|
|
|||||||
| 65,616,114 | ||||||||
|
|
|
|||||||
| Thailand—1.8% | ||||||||
| AP Thailand PCL (NVDR) |
2,154,400 | 518,443 | ||||||
| Charoen Pokphand Foods PCL (NVDR) |
442,600 | 336,839 | ||||||
| Chularat Hospital PCL - Class F |
2,858,400 | 317,647 | ||||||
| Delta Electronics Thailand PCL |
15,600 | 216,699 | ||||||
| Kiatnakin Phatra Bank PCL (NVDR) |
318,400 | 511,867 | ||||||
| PTT Exploration & Production PCL (NVDR) |
350,700 | 1,212,398 | ||||||
| PTT PCL |
1,134,600 | 1,307,800 | ||||||
| Quality Houses PCL (NVDR) |
4,976,300 | 320,037 | ||||||
| Siam Cement PCL (The) |
44,100 | 523,960 | ||||||
| Siam Commercial Bank PCL (The) |
115,400 | 416,102 | ||||||
| SPCG PCL |
70,100 | 35,842 | ||||||
| Supalai PCL |
311,200 | 183,952 | ||||||
BHFTI-346
Brighthouse Funds Trust I
SSGA Emerging Markets Enhanced Index Portfolio
Schedule of Investments as of September 30, 2021 (Unaudited)
Common Stocks—(Continued)
| Security Description |
Shares |
Value | ||||||
| Thailand—(Continued) | ||||||||
| Supalai PCL (NVDR) |
435,200 | $ | 256,853 | |||||
| Thai Union Group PCL (NVDR) |
1,438,400 | 919,729 | ||||||
| Thai Vegetable Oil PCL (NVDR) |
106,600 | 98,460 | ||||||
| Thanachart Capital PCL |
265,000 | 266,292 | ||||||
| Tisco Financial Group PCL (NVDR) |
279,200 | 755,232 | ||||||
|
|
|
|||||||
| 8,198,152 | ||||||||
|
|
|
|||||||
| Turkey—0.4% | ||||||||
| Anadolu Efes Biracilik Ve Malt Sanayii A/S |
20,226 | 48,654 | ||||||
| Coca-Cola Icecek A/S |
34,748 | 331,135 | ||||||
| Ford Otomotiv Sanayi A/S |
39,725 | 745,853 | ||||||
| KOC Holding A/S |
133,217 | 338,156 | ||||||
| Tofas Turk Otomobil Fabrikasi A/S |
38,314 | 223,899 | ||||||
| Turkiye Sise ve Cam Fabrikalari |
295,945 | 272,413 | ||||||
|
|
|
|||||||
| 1,960,110 | ||||||||
|
|
|
|||||||
| United Arab Emirates—0.9% | ||||||||
| Abu Dhabi Commercial Bank PJSC |
191,389 | 388,810 | ||||||
| Abu Dhabi Islamic Bank PJSC |
202,343 | 318,759 | ||||||
| Aldar Properties PJSC |
904,401 | 1,004,304 | ||||||
| Dubai Islamic Bank PJSC |
263,829 | 354,845 | ||||||
| Emirates NBD Bank PJSC |
150,305 | 581,536 | ||||||
| Emirates Telecommunications Group Co. PJSC |
181,113 | 1,185,093 | ||||||
| First Abu Dhabi Bank PJSC |
41,981 | 203,129 | ||||||
|
|
|
|||||||
| 4,036,476 | ||||||||
|
|
|
|||||||
| Total Common Stocks |
425,368,949 | |||||||
|
|
|
|||||||
| Preferred Stocks—1.7% |
| |||||||
| Brazil—1.1% | ||||||||
| Banco Bradesco S.A. |
111,760 | 427,482 | ||||||
| Braskem S.A. - Class A (a) |
60,200 | 655,973 | ||||||
| Cia Energetica de Minas Gerais |
387,400 | 998,067 | ||||||
| Itausa S.A. |
524,800 | 1,073,548 | ||||||
| Petroleo Brasileiro S.A. |
366,100 | 1,830,584 | ||||||
| Randon S.A. Implementos e Participacoes |
33,100 | 71,600 | ||||||
| Unipar Carbocloro S.A. |
5,600 | 81,320 | ||||||
|
|
|
|||||||
| 5,138,574 | ||||||||
|
|
|
|||||||
| South Korea—0.6% | ||||||||
| Samsung Electronics Co., Ltd. |
45,266 | 2,649,534 | ||||||
|
|
|
|||||||
| Total Preferred Stocks |
7,788,108 | |||||||
|
|
|
|||||||
| Rights—0.0% |
| |||||||
| India—0.0% | ||||||||
| Bharti Airtel, Ltd., Expires 10/21/21 |
938 | 1,841 | ||||||
|
|
|
|||||||
| South Korea—0.0% | ||||||||
| Hyundai Engineering & Construction Co., Ltd., |
56 | 3,755 | ||||||
|
|
|
|||||||
| Total Rights |
5,596 | |||||||
|
|
|
|||||||
| Short-Term Investment—2.1% |
| |||||||
| Security Description | Shares Principal |
Value | ||||||
| Mutual Funds—2.1% | ||||||||
| AIM STIT-STIC Prime Portfolio |
9,205,264 | 9,205,264 | ||||||
|
|
|
|||||||
| Total Short-Term Investments |
9,205,264 | |||||||
|
|
|
|||||||
| Securities Lending Reinvestments (e)—0.7% |
| |||||||
| Repurchase Agreements—0.6% | ||||||||
| Barclays Bank plc |
600,000 | 600,000 | ||||||
| BofA Securities, Inc. |
78,335 | 78,335 | ||||||
| Cantor Fitzgerald & Co. |
636,361 | 636,361 | ||||||
| CF Secured LLC |
600,000 | 600,000 | ||||||
| ING Financial Markets LLC |
650,000 | 650,000 | ||||||
|
|
|
|||||||
| 2,564,696 | ||||||||
|
|
|
|||||||
| Time Deposit—0.0% | ||||||||
| Landesbank Baden-Wuettertemberg (London) |
37,538 | 37,538 | ||||||
|
|
|
|||||||
| Mutual Funds—0.1% | ||||||||
| BlackRock Liquidity Funds FedFund, Institutional |
100,000 | 100,000 | ||||||
| Goldman Sachs Financial Square Government Fund, Institutional |
100,000 | 100,000 | ||||||
| Morgan Stanley Liquidity Funds Government Portfolio, Institutional Shares 0.030% (f) |
100,000 | 100,000 | ||||||
BHFTI-347
Brighthouse Funds Trust I
SSGA Emerging Markets Enhanced Index Portfolio
Schedule of Investments as of September 30, 2021 (Unaudited)
Securities Lending Reinvestments (e)—(Continued)
| Security Description | Shares | Value | ||||||
| Mutual Funds —(Continued) | ||||||||
| STIT-Government & Agency Portfolio, Institutional Class |
100,000 | $ | 100,000 | |||||
| Wells Fargo Government Money Market Fund, Select Class |
100,000 | 100,000 | ||||||
|
|
|
|||||||
| 500,000 | ||||||||
|
|
|
|||||||
| Total Securities Lending Reinvestments |
3,102,234 | |||||||
|
|
|
|||||||
| Total Investments—98.6% |
445,470,151 | |||||||
| Other assets and liabilities (net)—1.4% |
6,508,312 | |||||||
|
|
|
|||||||
| Net Assets—100.0% | $ | 451,978,463 | ||||||
|
|
|
|||||||
| * | Principal amount stated in U.S. dollars unless otherwise noted. | |||
| (a) | Non-income producing security. | |||
| (b) | All or a portion of the security was held on loan. As of September 30, 2021, the market value of securities loaned was $5,173,441 and the collateral received consisted of cash in the amount of $3,102,234 and non-cash collateral with a value of $2,979,038. The cash collateral investments are disclosed in the Schedule of Investments and categorized as Securities Lending Reinvestments. The non-cash collateral received consists of U.S. government securities that are held in safe-keeping by the lending agent, or a third-party custodian, and cannot be sold or repledged by the Portfolio. | |||
| (c) | Security was valued in good faith under procedures approved by the Board of Trustees. As of September 30, 2021, these securities represent 0.1% of net assets. | |||
| (d) | Significant unobservable inputs were used in the valuation of this portfolio security; i.e. Level 3. | |||
| (e) | Represents investment of cash collateral received from securities on loan as of September 30, 2021. | |||
| (f) | The rate shown represents the annualized seven-day yield as of September 30, 2021. | |||
| (144A)— | Securities exempt from registration under Rule 144A of the Securities Act of 1933. These securities may be resold in transactions exempt from registration, normally to qualified institutional buyers. As of September 30, 2021, the market value of 144A securities was $5,452,068, which is 1.2% of net assets. | |||
| Ten Largest Industries as of September 30, 2021 (Unaudited) |
%
of | |||
| Banks |
12.9 | |||
| Semiconductors & Semiconductor Equipment |
9.3 | |||
| Internet & Direct Marketing Retail |
6.9 | |||
| Oil, Gas & Consumable Fuels |
5.8 | |||
| Technology Hardware, Storage & Peripherals |
5.7 | |||
| Interactive Media & Services |
5.7 | |||
| Metals & Mining |
3.6 | |||
| Chemicals |
3.0 | |||
| Automobiles |
2.9 | |||
| IT Services |
2.8 | |||
Futures Contracts
| Futures Contracts—Long |
Expiration Date |
Number of Contracts |
Notional Amount | Value/ Unrealized Appreciation/ (Depreciation) |
||||||||||||||||
| MSCI Emerging Markets Index Mini Futures |
12/17/21 | 291 | USD | 18,123,480 | $ | (831,226 | ) | |||||||||||||
|
|
|
|||||||||||||||||||
Glossary of Abbreviations
Currencies
| (USD)— | United States Dollar | |||
Other Abbreviations
| (ADR)— | American Depositary Receipt | |||
| (GDR)— | Global Depositary Receipt | |||
| (NVDR)— | Non-Voting Depository Receipts | |||
BHFTI-348
Brighthouse Funds Trust I
SSGA Emerging Markets Enhanced Index Portfolio
Schedule of Investments as of September 30, 2021 (Unaudited)
Fair Value Hierarchy
Accounting principles generally accepted in the United States of America (“GAAP”) define fair market value as the price that the Portfolio would receive to sell an asset or pay to transfer a liability in an orderly transaction between market participants at the measurement date. It establishes a fair value hierarchy that prioritizes inputs to valuation methods and requires disclosure of the fair value hierarchy, separately for each major category of assets and liabilities, that segregates fair value measurements into three levels. Levels 1, 2 and 3 of the fair value hierarchy are defined as follows:
Level 1 - unadjusted quoted prices in active markets for identical investments
Level 2 - other significant observable inputs (including, but not limited to, quoted prices for similar assets or liabilities in markets that are either active or inactive; inputs other than quoted prices that are observable such as interest rates, yield curves, volatilities, prepayment speeds, loss severities, credit risks, default rates, or other market corroborated inputs)
Level 3 - significant unobservable inputs based on the best information available in the circumstances, to the extent observable inputs are unavailable (including the Portfolio’s own assumptions used in determining the fair value of investments and derivative financial instruments)
The inputs or methodologies used for valuing investments are not necessarily an indication of the risk associated with investing in them. Changes to the inputs or methodologies used may result in transfers between levels. A reconciliation of Level 3 securities, if any, will be disclosed following the fair value hierarchy table. For more information about the Portfolio’s policy regarding the valuation of investments, please refer to the Notes to Schedule of Investments.
The following table summarizes the fair value hierarchy of the Portfolio’s investments as of September 30, 2021:
| Description | Level 1 | Level 2 | Level 3 | Total | ||||||||||||
| Common Stocks | ||||||||||||||||
| Argentina |
$ | 1,603,242 | $ | — | $ | — | $ | 1,603,242 | ||||||||
| Brazil |
14,925,249 | — | — | 14,925,249 | ||||||||||||
| Chile |
2,285,605 | — | — | 2,285,605 | ||||||||||||
| China |
17,512,100 | 124,802,289 | 262,696 | 142,577,085 | ||||||||||||
| Colombia |
302,486 | — | — | 302,486 | ||||||||||||
| Czech Republic |
— | 989,608 | — | 989,608 | ||||||||||||
| Egypt |
— | 263,843 | — | 263,843 | ||||||||||||
| Greece |
— | 1,570,570 | — | 1,570,570 | ||||||||||||
| Hong Kong |
— | 3,537,597 | — | 3,537,597 | ||||||||||||
| Hungary |
— | 792,828 | — | 792,828 | ||||||||||||
| India |
6,231,449 | 45,860,124 | — | 52,091,573 | ||||||||||||
| Indonesia |
731,520 | 5,344,134 | — | 6,075,654 | ||||||||||||
| Malaysia |
— | 4,999,135 | — | 4,999,135 | ||||||||||||
| Mexico |
7,168,494 | — | — | 7,168,494 | ||||||||||||
| Philippines |
— | 2,724,532 | — | 2,724,532 | ||||||||||||
| Poland |
— | 3,253,997 | — | 3,253,997 | ||||||||||||
| Qatar |
— | 2,181,859 | — | 2,181,859 | ||||||||||||
| Russia |
2,092,080 | 14,139,279 | — | 16,231,359 | ||||||||||||
| Saudi Arabia |
— | 14,820,476 | — | 14,820,476 | ||||||||||||
| Singapore |
— | 381,506 | — | 381,506 | ||||||||||||
| South Africa |
— | 13,057,154 | — | 13,057,154 | ||||||||||||
| South Korea |
— | 53,724,245 | — | 53,724,245 | ||||||||||||
| Taiwan |
— | 65,616,114 | — | 65,616,114 | ||||||||||||
| Thailand |
3,268,294 | 4,929,858 | — | 8,198,152 | ||||||||||||
| Turkey |
— | 1,960,110 | — | 1,960,110 | ||||||||||||
| United Arab Emirates |
— | 4,036,476 | — | 4,036,476 | ||||||||||||
| Total Common Stocks |
56,120,519 | 368,985,734 | 262,696 | 425,368,949 | ||||||||||||
| Preferred Stocks |
| |||||||||||||||
| Brazil |
5,138,574 | — | — | 5,138,574 | ||||||||||||
| South Korea |
— | 2,649,534 | — | 2,649,534 | ||||||||||||
| Total Preferred Stocks |
5,138,574 | 2,649,534 | — | 7,788,108 | ||||||||||||
| Total Rights* |
— | 5,596 | — | 5,596 | ||||||||||||
| Total Short-Term Investment* |
9,205,264 | — | — | 9,205,264 | ||||||||||||
| Securities Lending Reinvestments |
| |||||||||||||||
| Repurchase Agreements |
— | 2,564,696 | — | 2,564,696 | ||||||||||||
| Time Deposit |
— | 37,538 | — | 37,538 | ||||||||||||
| Mutual Funds |
500,000 | — | — | 500,000 | ||||||||||||
| Total Securities Lending Reinvestments |
500,000 | 2,602,234 | — | 3,102,234 | ||||||||||||
| Total Investments |
$ | 70,964,357 | $ | 374,243,098 | $ | 262,696 | $ | 445,470,151 | ||||||||
| Collateral for Securities Loaned (Liability) |
$ | $ | (3,102,234 | ) | $ | $ | (3,102,234 | ) | ||||||||
| Futures Contracts |
| |||||||||||||||
| Futures Contracts (Unrealized Depreciation) |
$ | (831,226 | ) | $ | — | $ | — | $ | (831,226 | ) | ||||||
| * | See Schedule of Investments for additional detailed categorizations. | |||
Level 3 investments at the beginning and/or end of the period in relation to net assets were not significant and accordingly, a reconciliation of Level 3 assets for the period ended September 30, 2021 is not presented.
During the period ended September 30, 2021, a transfer from Level 2 to Level 3 in the amount of $808,399 was due to a trading halt on the security which resulted in the lack of observable inputs.
BHFTI-349
Brighthouse Funds Trust I
SSGA Growth and Income ETF Portfolio
Schedule of Investments as of September 30, 2021 (Unaudited)
Mutual Funds—97.1% of Net Assets
| Security Description | Shares/ Principal Amount* |
Value | ||||||
| Investment Company Securities—97.1% | ||||||||
| Communication Services Select Sector SPDR Fund (a) (b) |
562,432 | $ | 45,056,428 | |||||
| Consumer Staples Select Sector SPDR Fund (a) (b) |
320,971 | 22,095,644 | ||||||
| Invesco Optimum Yield Diversified Commodity Strategy No. K-1 ETF (a) |
2,200,903 | 46,329,008 | ||||||
| iShares 20+ Year Treasury Bond ETF (a) |
458,491 | 66,169,421 | ||||||
| iShares Core MSCI Emerging Markets ETF (a) |
1,804,726 | 111,459,878 | ||||||
| iShares Core S&P Mid-Cap ETF (a) |
167,891 | 44,167,085 | ||||||
| iShares Core S&P Small-Cap ETF (a) |
1,225,567 | 133,819,661 | ||||||
| iShares MSCI Canada ETF (a) |
611,937 | 22,213,313 | ||||||
| iShares MSCI EAFE ETF (a) |
2,525,183 | 196,989,526 | ||||||
| iShares TIPS Bond ETF (a) |
887,291 | 113,298,188 | ||||||
| Materials Select Sector SPDR Fund (a) (b) |
279,380 | 22,101,752 | ||||||
| SPDR Bloomberg Barclays High Yield Bond ETF (a) (b) |
1,138,017 | 124,453,539 | ||||||
| SPDR Dow Jones International Real Estate ETF (a) (b) |
612,664 | 21,749,572 | ||||||
| SPDR S&P 500 ETF Trust (a) (b) |
1,535,950 | 659,137,583 | ||||||
| SPDR S&P International Small Cap ETF (a) (b) |
1,141,951 | 43,947,984 | ||||||
| Technology Select Sector SPDR Fund (a) (b) |
290,542 | 43,383,731 | ||||||
| Vanguard FTSE Europe ETF (a) |
497,629 | 32,649,439 | ||||||
| Vanguard Long-Term Corporate Bond ETF (a) |
838,004 | 88,476,462 | ||||||
| Vanguard Real Estate ETF (a) |
212,612 | 21,639,649 | ||||||
| Vanguard Total Bond Market ETF (a) |
3,418,749 | 292,132,102 | ||||||
|
|
|
|||||||
| Total Mutual Funds |
2,151,269,965 | |||||||
|
|
|
|||||||
| Short-Term Investment—2.9% | ||||||||
| Mutual Funds—2.9% | ||||||||
| AIM STIT-STIC Prime Portfolio |
63,450,215 | 63,450,215 | ||||||
|
|
|
|||||||
| Total Short-Term Investments |
63,450,215 | |||||||
|
|
|
|||||||
| Securities Lending Reinvestments (c)—27.6% |
|
|||||||
| Certificates of Deposit—8.1% | ||||||||
| Agricultural Bank of China |
9,000,000 | 9,000,522 | ||||||
| Bank of Montreal (Chicago) |
15,000,000 | 14,999,730 | ||||||
| Barclays Bank plc |
15,000,000 | 15,008,655 | ||||||
| Cooperatieve Rabobank UA |
13,000,000 | 13,000,000 | ||||||
| Credit Industriel et Commercial |
10,000,000 | 9,999,600 | ||||||
| Goldman Sachs Bank USA |
7,000,000 | 7,000,490 | ||||||
| Mitsubishi UFJ Trust and Banking Corp. (London) |
5,000,000 | 4,999,200 | ||||||
| Mizuho Bank, Ltd. |
10,000,000 | 9,999,510 | ||||||
| MUFG Bank Ltd. | ||||||||
| 0.140%, 01/10/22 |
10,000,000 | 10,000,000 | ||||||
| 0.150%, 01/11/22 |
4,000,000 | 4,000,112 | ||||||
| Certificates of Deposit —(Continued) | ||||||||
| National Australia Bank, Ltd. |
5,000,000 | 4,999,750 | ||||||
| Natixis S.A. (New York) |
5,000,000 | 5,000,765 | ||||||
| Oversea-Chinese Banking Corp., Ltd. |
10,000,000 | 10,000,540 | ||||||
| Societe Generale |
10,000,000 | 9,999,540 | ||||||
| Standard Chartered Bank (NY) | ||||||||
| 0.150%, 02/02/22 |
15,000,000 | 15,000,000 | ||||||
| 0.170%, 03/28/22 |
5,000,000 | 5,000,000 | ||||||
| Sumitomo Mitsui Banking Corp. | ||||||||
| 0.142%, 1M LIBOR + 0.060%, 12/17/21 (d) |
5,000,000 | 5,000,120 | ||||||
| 0.150%, SOFR + 0.100%, 03/15/22 (d) |
6,000,000 | 5,999,478 | ||||||
| Sumitomo Mitsui Trust Bank (London) |
5,000,000 | 4,998,500 | ||||||
| Sumitomo Mitsui Trust Bank, Ltd. | ||||||||
| Zero Coupon, 02/10/22 |
2,000,000 | 1,998,880 | ||||||
| Zero Coupon, 03/21/22 |
6,000,000 | 5,995,080 | ||||||
| 0.060%, 10/05/21 |
5,000,000 | 4,999,970 | ||||||
| Svenska Handelsbanken AB |
2,000,000 | 2,000,242 | ||||||
|
|
|
|||||||
| 179,000,684 | ||||||||
|
|
|
|||||||
| Commercial Paper—0.5% | ||||||||
| Antalis S.A. |
5,000,000 | 4,998,575 | ||||||
| UBS AG |
5,000,000 | 4,995,363 | ||||||
|
|
|
|||||||
| 9,993,938 | ||||||||
|
|
|
|||||||
| Master Demand Notes—0.5% | ||||||||
| Natixis Financial Products LLC |
12,000,000 | 12,000,000 | ||||||
|
|
|
|||||||
| Repurchase Agreements—14.6% | ||||||||
| Barclays Bank plc | ||||||||
| Repurchase Agreement dated 09/30/21 at 0.190%, due on 10/01/21 with a maturity value of $17,200,091; collateralized by various Common Stock with an aggregate market value of $19,113,230. |
17,200,000 | 17,200,000 | ||||||
| Repurchase Agreement dated 09/30/21 at 0.350%, due on 11/04/21 with a maturity value of $20,006,806; collateralized by various Common Stock with an aggregate market value of $22,226,759. |
20,000,000 | 20,000,000 | ||||||
| Barclays Capital, Inc. |
36,588,393 | 36,588,393 | ||||||
BHFTI-350
Brighthouse Funds Trust I
SSGA Growth and Income ETF Portfolio
Schedule of Investments as of September 30, 2021 (Unaudited)
Securities Lending Reinvestments (c) —(Continued)
| Security Description | Principal |
Value | ||||||
| Repurchase Agreements —(Continued) | ||||||||
| BofA Securities, Inc. |
20,000,000 | $ | 20,000,000 | |||||
| CF Secured LLC |
40,000,000 | 40,000,000 | ||||||
| Citigroup Global Markets Ltd. |
10,000,000 | 10,000,000 | ||||||
| Citigroup Global Markets, Inc. |
5,000,000 | 5,000,000 | ||||||
| Deutsche Bank AG, London |
7,600,000 | 7,600,000 | ||||||
| National Bank of Canada |
50,000,000 | 50,000,000 | ||||||
| NBC Global Finance, Ltd. | ||||||||
| Repurchase Agreement dated 09/30/21 at 0.230%, due on 10/01/21 with a maturity value of $22,000,141; collateralized by U.S. Treasury Obligations with rates ranging from 0.095% - 2.250%, maturity dates ranging from 07/31/22 - 11/15/27, and various Common Stock with an aggregate market value of $24,420,687. |
22,000,000 | 22,000,000 | ||||||
| Repurchase Agreement dated 09/30/21 at 0.235%, due on 10/07/21 with a maturity value of $11,000,503; collateralized by U.S. Treasury Obligations with rates ranging from 0.095% - 2.250%, maturity dates ranging from 07/31/22 - 11/15/27, and various Common Stock with an aggregate market value of $12,210,343. |
11,000,000 | 11,000,000 | ||||||
| Repurchase Agreements —(Continued) | ||||||||
| NBC Global Finance, Ltd. | ||||||||
| Repurchase Agreement dated 09/30/21 at 0.250%, due on 10/07/21 with a maturity value of $3,800,185; collateralized by U.S. Treasury Obligations with rates ranging from 0.095% - 2.000%, maturity dates ranging from 07/31/22 - 02/15/50, and various Common Stock with an aggregate market value of $4,220,349. |
3,800,000 | 3,800,000 | ||||||
| Societe Generale | ||||||||
| Repurchase Agreement dated 09/30/21 at 0.050%, due on 10/01/21 with a maturity value of $20,000,028; collateralized by U.S. Treasury Obligations with rates ranging from 0.000% - 6.750%, maturity dates ranging from 10/21/21 - 02/15/49, and an aggregate market value of $20,401,021. |
20,000,000 | 20,000,000 | ||||||
| Repurchase Agreement dated 09/30/21 at 0.170%, due on 10/01/21 with a maturity value of $35,000,165; collateralized by various Common Stock with an aggregate market value of $38,889,660. |
35,000,000 | 35,000,000 | ||||||
| Repurchase Agreement dated 09/30/21 at 0.200%, due on 10/07/21 with a maturity value of $26,261,184; collateralized by various Common Stock with an aggregate market value of $29,178,537. |
26,260,163 | 26,260,163 | ||||||
|
|
|
|||||||
| 324,448,556 | ||||||||
|
|
|
|||||||
| Time Deposits—1.5% | ||||||||
| ABN AMRO Bank NV |
10,000,000 | 10,000,000 | ||||||
| DZ Bank AG |
2,000,000 | 2,000,000 | ||||||
| First Abu Dhabi Bank USA NV |
5,000,000 | 5,000,000 | ||||||
| Landesbank Baden-Wuettertemberg (London) |
6,300,000 | 6,300,000 | ||||||
| National Bank of Canada |
10,000,000 | 10,000,000 | ||||||
|
|
|
|||||||
| 33,300,000 | ||||||||
|
|
|
|||||||
| Mutual Funds—2.4% | ||||||||
| AB Government Money Market Portfolio, Institutional Class |
13,192,674 | 13,192,674 | ||||||
| BlackRock Liquidity Funds FedFund, Institutional Shares |
10,000,000 | 10,000,000 | ||||||
| Goldman Sachs Financial Square Government Fund, Institutional Shares 0.030% (e) |
20,000,000 | 20,000,000 | ||||||
| STIT-Government & Agency Portfolio, Institutional Class |
10,000,000 | 10,000,000 | ||||||
|
|
|
|||||||
| 53,192,674 | ||||||||
|
|
|
|||||||
| Total Securities Lending Reinvestments |
611,935,852 | |||||||
|
|
|
|||||||
| Total Investments— 127.6% |
2,826,656,032 | |||||||
| Other assets and liabilities (net)—(27.6)% |
(611,633,378 | ) | ||||||
|
|
|
|||||||
| Net Assets—100.0% | $ | 2,215,022,654 | ||||||
|
|
|
|||||||
BHFTI-351
Brighthouse Funds Trust I
SSGA Growth and Income ETF Portfolio
Schedule of Investments as of September 30, 2021 (Unaudited)
| * | Principal amount stated in U.S. dollars unless otherwise noted. | |||
| (a) | All or a portion of the security was held on loan. As of September 30, 2021, the market value of securities loaned was $654,693,177 and the collateral received consisted of cash in the amount of $611,915,523 and non-cash collateral with a value of $61,214,428. The cash collateral investments are disclosed in the Schedule of Investments and categorized as Securities Lending Reinvestments. The non-cash collateral received consists of U.S. government securities that are held in safe-keeping by the lending agent, or a third-party custodian, and cannot be sold or repledged by the Portfolio. | |||
| (b) | Affiliated Issuer. | |||
| (c) | Represents investment of cash collateral received from securities on loan as of September 30, 2021. | |||
| (d) | Variable or floating rate security. The stated rate represents the rate at September 30, 2021. Maturity date shown for callable securities reflects the earliest possible call date. For securities based on a published reference index and spread, the index and spread are indicated in the description above. For certain variable rate securities, the coupon rate is determined by the issuer/agent based on current market conditions. For certain asset- and mortgage-backed securities, the coupon rate may fluctuate based on changes of the underlying collateral or prepayments of principal. These securities do not indicate a reference index and spread in their description above. | |||
| (e) | The rate shown represents the annualized seven-day yield as of September 30, 2021. | |||
Glossary of Abbreviations
Index Abbreviations
| (BSBY)— | Bloomberg Short-Term Bank Yield Index | |||
| (LIBOR)— | London Interbank Offered Rate | |||
| (OBFR)— | U.S. Overnight Bank Funding Rate | |||
| (SOFR)— | Secured Overnight Financing Rate | |||
Other Abbreviations
| (ETF)— | Exchange-Traded Fund | |||
Fair Value Hierarchy
Accounting principles generally accepted in the United States of America (“GAAP”) define fair market value as the price that the Portfolio would receive to sell an asset or pay to transfer a liability in an orderly transaction between market participants at the measurement date. It establishes a fair value hierarchy that prioritizes inputs to valuation methods and requires disclosure of the fair value hierarchy, separately for each major category of assets and liabilities, that segregates fair value measurements into three levels. Levels 1, 2 and 3 of the fair value hierarchy are defined as follows:
Level 1 - unadjusted quoted prices in active markets for identical investments
Level 2 - other significant observable inputs (including, but not limited to, quoted prices for similar assets or liabilities in markets that are either active or inactive; inputs other than quoted prices that are observable such as interest rates, yield curves, volatilities, prepayment speeds, loss severities, credit risks, default rates, or other market corroborated inputs)
Level 3 - significant unobservable inputs based on the best information available in the circumstances, to the extent observable
inputs are unavailable (including the Portfolio’s own assumptions used in determining the fair value of investments and derivative financial instruments)
The inputs or methodologies used for valuing investments are not necessarily an indication of the risk associated with investing in them. Changes to the inputs or methodologies used may result in transfers between levels. A reconciliation of Level 3 securities, if any, will be disclosed following the fair value hierarchy table. For more information about the Portfolio’s policy regarding the valuation of investments, please refer to the Notes to Schedule of Investments.
The following table summarizes the fair value hierarchy of the Portfolio’s investments as of September 30, 2021:
| Description | Level 1 | Level 2 | Level 3 | Total | ||||||||||||
| Mutual Funds | ||||||||||||||||
| Investment Company Securities |
$ | 2,151,269,965 | $ | — | $ | — | $ | 2,151,269,965 | ||||||||
| Total Short-Term Investment* |
63,450,215 | — | — | 63,450,215 | ||||||||||||
| Securities Lending Reinvestments | ||||||||||||||||
| Certificates of Deposit |
— | 179,000,684 | — | 179,000,684 | ||||||||||||
| Commercial Paper |
— | 9,993,938 | — | 9,993,938 | ||||||||||||
| Master Demand Notes |
— | 12,000,000 | — | 12,000,000 | ||||||||||||
| Repurchase Agreements |
— | 324,448,556 | — | 324,448,556 | ||||||||||||
| Time Deposits |
— | 33,300,000 | — | 33,300,000 | ||||||||||||
| Mutual Funds |
53,192,674 | — | — | 53,192,674 | ||||||||||||
| Total Securities Lending Reinvestments |
53,192,674 | 558,743,178 | — | 611,935,852 | ||||||||||||
| Total Investments |
$ | 2,267,912,854 | $ | 558,743,178 | $ | — | $ | 2,826,656,032 | ||||||||
| Collateral for Securities Loaned (Liability) |
$ | — | $ | (611,915,523 | ) | $ | — | $ | (611,915,523 | ) | ||||||
| * | See Schedule of Investments for additional detailed categorizations. | |||
BHFTI-352
Brighthouse Funds Trust I
Schedule of Investments as of September 30, 2021 (Unaudited)
Mutual Funds—97.4% of Net Assets
| Security Description | Shares/ Principal Amount* |
Value | ||||||
| Investment Company Securities—97.4% | ||||||||
| Communication Services Select Sector SPDR Fund (a) (b) |
227,599 | $ | 18,232,956 | |||||
| Consumer Staples Select Sector SPDR Fund (a) (b) |
130,013 | 8,950,095 | ||||||
| Invesco Optimum Yield Diversified Commodity Strategy No. K-1 ETF (b) |
890,924 | 18,753,950 | ||||||
| iShares 20+ Year Treasury Bond ETF (b) |
185,521 | 26,774,391 | ||||||
| iShares Core MSCI Emerging Markets ETF (b) |
1,022,474 | 63,147,994 | ||||||
| iShares Core S&P Mid-Cap ETF (b) |
169,786 | 44,665,603 | ||||||
| iShares Core S&P Small-Cap ETF (b) |
661,611 | 72,241,305 | ||||||
| iShares MSCI Canada ETF |
496,402 | 18,019,393 | ||||||
| iShares MSCI EAFE ETF (b) |
1,702,542 | 132,815,301 | ||||||
| iShares TIPS Bond ETF (b) |
215,270 | 27,487,826 | ||||||
| Materials Select Sector SPDR Fund (a) (b) |
112,861 | 8,928,434 | ||||||
| SPDR Bloomberg Barclays High Yield Bond ETF (a) (b) |
41,898 | 4,581,965 | ||||||
| SPDR Dow Jones International Real Estate ETF (a) (b) |
248,216 | 8,811,668 | ||||||
| SPDR S&P 500 ETF Trust (a) (b) |
725,494 | 311,338,495 | ||||||
| SPDR S&P International Small Cap ETF (a) (b) |
692,400 | 26,647,014 | ||||||
| Technology Select Sector SPDR Fund (a) (b) |
117,526 | 17,548,982 | ||||||
| Vanguard FTSE Europe ETF |
201,345 | 13,210,246 | ||||||
| Vanguard Long-Term Corporate Bond ETF (b) |
339,047 | 35,796,582 | ||||||
| Vanguard Real Estate ETF (b) |
86,107 | 8,763,971 | ||||||
|
|
|
|||||||
| Total Mutual Funds |
866,716,171 | |||||||
|
|
|
|||||||
| Short-Term Investment—2.5% |
| |||||||
| Mutual Funds—2.5% | ||||||||
| AIM STIT-STIC Prime Portfolio |
22,601,800 | 22,601,800 | ||||||
|
|
|
|||||||
| Total Short-Term Investments |
22,601,800 | |||||||
|
|
|
|||||||
| Securities Lending Reinvestments (c)—28.2% |
| |||||||
| Certificates of Deposit—6.2% | ||||||||
| Agricultural Bank of China |
2,000,000 | 2,000,116 | ||||||
| Bank of Montreal (Chicago) |
5,000,000 | 4,999,910 | ||||||
| Barclays Bank plc |
5,000,000 | 5,002,885 | ||||||
| Cooperatieve Rabobank UA |
3,000,000 | 3,000,000 | ||||||
| Credit Industriel et Commercial |
5,000,000 | 4,999,800 | ||||||
| Goldman Sachs Bank USA |
7,000,000 | 7,000,490 | ||||||
| Mitsubishi UFJ Trust and Banking Corp. (London) |
1,000,000 | 999,840 | ||||||
| Natixis S.A. (New York) |
3,000,000 | 3,000,459 | ||||||
| Oversea-Chinese Banking Corp., Ltd. |
2,000,000 | 2,000,108 | ||||||
| Societe Generale |
5,000,000 | 4,999,770 | ||||||
| Certificates of Deposit—(Continued) | ||||||||
| Sumitomo Mitsui Banking Corp. | ||||||||
| 0.142%, 1M LIBOR + 0.060%, 12/17/21 (d) |
5,000,000 | 5,000,120 | ||||||
| 0.150%, SOFR + 0.100%, 03/15/22 (d) |
2,000,000 | 1,999,826 | ||||||
| Sumitomo Mitsui Trust Bank (London) |
8,000,000 | 7,997,600 | ||||||
| Sumitomo Mitsui Trust Bank, Ltd. |
2,000,000 | 1,998,880 | ||||||
|
|
|
|||||||
| 54,999,804 | ||||||||
|
|
|
|||||||
| Commercial Paper—0.8% | ||||||||
| Antalis S.A. |
4,000,000 | 3,998,860 | ||||||
| UBS AG |
3,000,000 | 2,997,218 | ||||||
|
|
|
|||||||
| 6,996,078 | ||||||||
|
|
|
|||||||
| Repurchase Agreements—15.0% | ||||||||
| Barclays Bank plc | ||||||||
| Repurchase Agreement dated 09/30/21 at 0.190%, due on 10/01/21 with a maturity value of $5,000,026; collateralized by various Common Stock with an aggregate market value of $5,556,171. |
5,000,000 | 5,000,000 | ||||||
| Repurchase Agreement dated 09/30/21 at 0.350%, due on 11/04/21 with a maturity value of $10,003,403; collateralized by various Common Stock with an aggregate market value of $11,113,380. |
10,000,000 | 10,000,000 | ||||||
| Barclays Capital, Inc. |
33,545,687 | 33,545,687 | ||||||
| CF Secured LLC |
30,000,000 | 30,000,000 | ||||||
| Citigroup Global Markets, Inc. | ||||||||
| Repurchase Agreement dated 09/30/21 at 0.420%, due on 11/04/21 with a maturity value of $5,002,042; collateralized by various Common Stock with an aggregate market value of $5,500,000. |
5,000,000 | 5,000,000 | ||||||
| Repurchase Agreement dated 09/30/21 at 0.420%, due on 11/04/21 with a maturity value of $4,001,633; collateralized by U.S. Treasury Obligations with rates ranging from 0.500% - 4.500%, maturity dates ranging from 02/28/26 - 08/15/39, and an aggregate market value of $4,091,362. |
4,000,000 | 4,000,000 | ||||||
BHFTI-353
Brighthouse Funds Trust I
SSGA Growth ETF Portfolio
Schedule of Investments as of September 30, 2021 (Unaudited)
Securities Lending Reinvestments (c)—(Continued)
| Security Description | Principal |
Value | ||||||
| Repurchase Agreements—(Continued) | ||||||||
| Deutsche Bank AG, London | ||||||||
| Repurchase Agreement dated 09/30/21 at 0.150%, due on 10/01/21 with a maturity value of $4,100,017; collateralized by Foreign Obligations with rates ranging from 0.125% - 3.125%, maturity dates ranging from 02/12/22 - 09/18/28, and an aggregate market value of $4,182,018. |
4,100,000 | $ | 4,100,000 | |||||
| National Bank of Canada |
10,000,000 | 10,000,000 | ||||||
| NBC Global Finance, Ltd. |
3,200,000 | 3,200,000 | ||||||
| Repurchase Agreement dated 09/30/21 at 0.250%, due on 10/07/21 with a maturity value of $1,500,073; collateralized by U.S. Treasury Obligations with rates ranging from 0.095% - 2.000%, maturity dates ranging from 07/31/22 - 02/15/50, and various Common Stock with an aggregate market value of $1,665,927. |
1,500,000 | 1,500,000 | ||||||
| Societe Generale | ||||||||
| Repurchase Agreement dated 09/30/21 at 0.050%, due on 10/01/21 with a maturity value of $3,300,005; collateralized by U.S. Treasury Obligations with rates ranging from 0.000% - 6.750%, maturity dates ranging from 10/21/21 - 02/15/49, and an aggregate market value of $3,366,168. |
3,300,000 | 3,300,000 | ||||||
| Repurchase Agreement dated 09/30/21 at 0.170%, due on 10/01/21 with a maturity value of $10,000,047; collateralized by various Common Stock with an aggregate market value of $11,111,331. |
10,000,000 | 10,000,000 | ||||||
| Repurchase Agreement dated 09/30/21 at 0.200%, due on 10/07/21 with a maturity value of $13,577,764; collateralized by various Common Stock with an aggregate market value of $15,086,117. |
13,577,236 | 13,577,236 | ||||||
|
|
|
|||||||
| 133,222,923 | ||||||||
|
|
|
|||||||
| Time Deposits—2.8% | ||||||||
| ABN AMRO Bank NV |
10,000,000 | 10,000,000 | ||||||
| DZ Bank AG |
2,000,000 | 2,000,000 | ||||||
| First Abu Dhabi Bank USA NV |
5,000,000 | 5,000,000 | ||||||
| Landesbank Baden-Wuettertemberg (London) |
2,500,000 | 2,500,000 | ||||||
| National Bank of Canada |
5,000,000 | 5,000,000 | ||||||
|
|
|
|||||||
| 24,500,000 | ||||||||
|
|
|
|||||||
| Mutual Funds—3.4% | ||||||||
| BlackRock Liquidity Funds FedFund, Institutional Shares |
10,000,000 | 10,000,000 | ||||||
| Goldman Sachs Financial Square Government Fund, Institutional Shares |
10,000,000 | 10,000,000 | ||||||
| STIT-Government & Agency Portfolio, Institutional Class |
10,000,000 | 10,000,000 | ||||||
|
|
|
|||||||
| 30,000,000 | ||||||||
|
|
|
|||||||
| Total Securities Lending Reinvestments |
249,718,805 | |||||||
|
|
|
|||||||
| Total Investments—128.1% |
1,139,036,776 | |||||||
| Other assets and liabilities (net) —(28.1)% |
(249,577,642 | ) | ||||||
|
|
|
|||||||
| Net Assets —100.0% | $ | 889,459,134 | ||||||
|
|
|
|||||||
| * | Principal amount stated in U.S. dollars unless otherwise noted. | |||
| (a) | Affiliated Issuer. | |||
| (b) | All or a portion of the security was held on loan. As of September 30, 2021, the market value of securities loaned was $262,611,643 and the collateral received consisted of cash in the amount of $249,709,163 and non-cash collateral with a value of $21,383,013. The cash collateral investments are disclosed in the Schedule of Investments and categorized as Securities Lending Reinvestments. The non-cash collateral received consists of U.S. government securities that are held in safe-keeping by the lending agent, or a third-party custodian, and cannot be sold or repledged by the Portfolio | |||
| (c) | Represents investment of cash collateral received from securities on loan as of September 30, 2021. | |||
| (d) | Variable or floating rate security. The stated rate represents the rate at September 30, 2021. Maturity date shown for callable securities reflects the earliest possible call date. For securities based on a published reference index and spread, the index and spread are indicated in the description above. For certain variable rate securities, the coupon rate is determined by the issuer/agent based on current market conditions. For certain asset- and mortgage-backed securities, the coupon rate may fluctuate based on changes of the underlying collateral or prepayments of principal. These securities do not indicate a reference index and spread in their description above. | |||
| (e) | The rate shown represents the annualized seven-day yield as of September 30, 2021. | |||
Glossary of Abbreviations
Index Abbreviations
| (BSBY)— | Bloomberg Short-Term Bank Yield Index | |||
| (LIBOR)— | London Interbank Offered Rate | |||
| (OBFR)— | U.S. Overnight Bank Funding Rate | |||
| (SOFR)— | Secured Overnight Financing Rate | |||
Other Abbreviations
| (ETF)— | Exchange-Traded Fund | |||
BHFTI-354
Brighthouse Funds Trust I
SSGA Growth ETF Portfolio
Schedule of Investments as of September 30, 2021 (Unaudited)
Fair Value Hierarchy
Accounting principles generally accepted in the United States of America (“GAAP”) define fair market value as the price that the Portfolio would receive to sell an asset or pay to transfer a liability in an orderly transaction between market participants at the measurement date. It establishes a fair value hierarchy that prioritizes inputs to valuation methods and requires disclosure of the fair value hierarchy, separately for each major category of assets and liabilities, that segregates fair value measurements into three levels. Levels 1, 2 and 3 of the fair value hierarchy are defined as follows:
Level 1 - unadjusted quoted prices in active markets for identical investments
Level 2 - other significant observable inputs (including, but not limited to, quoted prices for similar assets or liabilities in markets that are either active or inactive; inputs other than quoted prices that are observable such as interest rates, yield curves, volatilities, prepayment speeds, loss severities, credit risks, default rates, or other market corroborated inputs)
Level 3 - significant unobservable inputs based on the best information available in the circumstances, to the extent observable inputs are unavailable (including the Portfolio’s own assumptions used in determining the fair value of investments and derivative financial instruments)
The inputs or methodologies used for valuing investments are not necessarily an indication of the risk associated with investing in them. Changes to the inputs or methodologies used may result in transfers between levels. A reconciliation of Level 3 securities, if any, will be disclosed following the fair value hierarchy table. For more information about the Portfolio’s policy regarding the valuation of investments, please refer to the Notes to Schedule of Investments.
The following table summarizes the fair value hierarchy of the Portfolio’s investments as of September 30, 2021:
| Description | Level 1 | Level 2 | Level 3 | Total | ||||||||||||
| Mutual Funds |
| |||||||||||||||
| Investment Company Securities |
$ | 866,716,171 | $ | — | $ | — | $ | 866,716,171 | ||||||||
| Total Short-Term Investment* |
22,601,800 | — | — | 22,601,800 | ||||||||||||
| Securities Lending Reinvestments |
| |||||||||||||||
| Certificates of Deposit |
— | 54,999,804 | — | 54,999,804 | ||||||||||||
| Commercial Paper |
— | 6,996,078 | — | 6,996,078 | ||||||||||||
| Repurchase Agreements |
— | 133,222,923 | — | 133,222,923 | ||||||||||||
| Time Deposits |
— | 24,500,000 | — | 24,500,000 | ||||||||||||
| Mutual Funds |
30,000,000 | — | — | 30,000,000 | ||||||||||||
| Total Securities Lending Reinvestments |
30,000,000 | 219,718,805 | — | 249,718,805 | ||||||||||||
| Total Investments |
$ | 919,317,971 | $ | 219,718,805 | $ | — | $ | 1,139,036,776 | ||||||||
| Collateral for Securities Loaned (Liability) |
$ | — | $ | (249,709,163 | ) | $ | — | $ | (249,709,163 | ) | ||||||
| * | See Schedule of Investments for additional detailed categorizations. | |||
BHFTI-355
Brighthouse Funds Trust I
T. Rowe Price Large Cap Value Portfolio
Schedule of Investments as of September 30, 2021 (Unaudited)
Common Stocks—97.7% of Net Assets
| Security Description | Shares | Value | ||||||
| Aerospace & Defense—0.7% | ||||||||
| Boeing Co. (The) (a) |
97,926 | $ | 21,537,844 | |||||
|
|
|
|||||||
| Air Freight & Logistics—2.6% | ||||||||
| United Parcel Service, Inc. - Class B |
459,291 | 83,636,891 | ||||||
|
|
|
|||||||
| Airlines—0.8% | ||||||||
| Southwest Airlines Co. (a) (b) |
476,366 | 24,499,503 | ||||||
|
|
|
|||||||
| Auto Components—0.9% | ||||||||
| Magna International, Inc. |
381,349 | 28,692,699 | ||||||
|
|
|
|||||||
| Banks—9.4% | ||||||||
| Bank of America Corp. |
1,438,448 | 61,062,118 | ||||||
| Fifth Third Bancorp (b) |
1,411,574 | 59,907,200 | ||||||
| Huntington Bancshares, Inc. |
1,672,000 | 25,849,120 | ||||||
| JPMorgan Chase & Co. |
58,120 | 9,513,663 | ||||||
| Signature Bank |
95,489 | 25,999,745 | ||||||
| Wells Fargo & Co. |
2,575,164 | 119,513,361 | ||||||
|
|
|
|||||||
| 301,845,207 | ||||||||
|
|
|
|||||||
| Beverages—0.8% | ||||||||
| Coca-Cola Co. (The) |
471,300 | 24,729,111 | ||||||
|
|
|
|||||||
| Biotechnology—1.3% | ||||||||
| AbbVie, Inc. |
389,412 | 42,005,872 | ||||||
|
|
|
|||||||
| Capital Markets—5.0% | ||||||||
| Charles Schwab Corp. (The) |
844,894 | 61,542,079 | ||||||
| Goldman Sachs Group, Inc. (The) |
99,773 | 37,717,187 | ||||||
| Morgan Stanley |
623,244 | 60,647,874 | ||||||
|
|
|
|||||||
| 159,907,140 | ||||||||
|
|
|
|||||||
| Chemicals—2.4% | ||||||||
| CF Industries Holdings, Inc. |
747,983 | 41,752,411 | ||||||
| International Flavors & Fragrances, Inc. |
262,382 | 35,085,721 | ||||||
|
|
|
|||||||
| 76,838,132 | ||||||||
|
|
|
|||||||
| Commercial Services & Supplies—0.7% | ||||||||
| Stericycle, Inc. (a) (b) |
314,121 | 21,350,804 | ||||||
|
|
|
|||||||
| Communications Equipment—0.9% | ||||||||
| Cisco Systems, Inc. (b) |
546,604 | 29,751,656 | ||||||
|
|
|
|||||||
| Containers & Packaging—2.2% | ||||||||
| International Paper Co. |
1,278,750 | 71,507,700 | ||||||
|
|
|
|||||||
| Diversified Financial Services —1.5% | ||||||||
| Equitable Holdings, Inc. |
1,614,123 | $ | 47,842,606 | |||||
|
|
|
|||||||
| Electric Utilities—4.0% | ||||||||
| Entergy Corp. (b) |
204,000 | 20,259,240 | ||||||
| NextEra Energy, Inc. |
426,382 | 33,479,514 | ||||||
| Southern Co. (The) (b) |
1,224,303 | 75,870,057 | ||||||
|
|
|
|||||||
| 129,608,811 | ||||||||
|
|
|
|||||||
| Electrical Equipment—0.6% | ||||||||
| Rockwell Automation, Inc. (b) |
62,425 | 18,355,447 | ||||||
|
|
|
|||||||
| Electronic Equipment, Instruments & Components—0.8% | ||||||||
| TE Connectivity, Ltd. |
175,259 | 24,049,040 | ||||||
|
|
|
|||||||
| Entertainment—1.1% | ||||||||
| Walt Disney Co. (The) (a) |
212,880 | 36,012,910 | ||||||
|
|
|
|||||||
| Equity Real Estate Investment Trusts—3.5% | ||||||||
| AvalonBay Communities, Inc. |
122,533 | 27,158,214 | ||||||
| Welltower, Inc. (b) |
331,635 | 27,326,724 | ||||||
| Weyerhaeuser Co. (b) |
1,608,751 | 57,223,273 | ||||||
|
|
|
|||||||
| 111,708,211 | ||||||||
|
|
|
|||||||
| Food & Staples Retailing—1.0% | ||||||||
| Walmart, Inc. |
231,169 | 32,220,335 | ||||||
|
|
|
|||||||
| Food Products—2.9% | ||||||||
| Bunge, Ltd. |
296,387 | 24,102,191 | ||||||
| Conagra Brands, Inc. (b) |
828,161 | 28,049,813 | ||||||
| Tyson Foods, Inc. - Class A |
517,465 | 40,848,687 | ||||||
|
|
|
|||||||
| 93,000,691 | ||||||||
|
|
|
|||||||
| Health Care Equipment & Supplies—5.6% | ||||||||
| Becton Dickinson & Co. |
218,406 | 53,688,563 | ||||||
| Hologic, Inc. (a) |
381,177 | 28,134,674 | ||||||
| Medtronic plc |
444,968 | 55,776,739 | ||||||
| Zimmer Biomet Holdings, Inc. |
279,011 | 40,836,050 | ||||||
|
|
|
|||||||
| 178,436,026 | ||||||||
|
|
|
|||||||
| Health Care Providers & Services—3.3% | ||||||||
| Anthem, Inc. |
131,900 | 49,172,320 | ||||||
| Cigna Corp. (b) |
158,699 | 31,765,192 | ||||||
| CVS Health Corp. |
305,252 | 25,903,685 | ||||||
|
|
|
|||||||
| 106,841,197 | ||||||||
|
|
|
|||||||
| Hotels, Restaurants & Leisure—0.6% | ||||||||
| Las Vegas Sands Corp. (a) |
486,468 | 17,804,729 | ||||||
|
|
|
|||||||
| Household Products—1.0% | ||||||||
| Kimberly-Clark Corp. (b) |
246,213 | 32,608,450 | ||||||
|
|
|
|||||||
| Industrial Conglomerates—3.9% | ||||||||
| General Electric Co. |
1,060,522 | 109,265,582 | ||||||
| Siemens AG (ADR) |
193,600 | 15,902,304 | ||||||
|
|
|
|||||||
| 125,167,886 | ||||||||
|
|
|
|||||||
| Insurance—7.3% | ||||||||
| American International Group, Inc. |
1,911,371 | 104,915,154 | ||||||
| Chubb, Ltd. |
428,429 | 74,323,863 | ||||||
| Hartford Financial Services Group, Inc. (The) |
313,931 | 22,053,653 | ||||||
| Marsh & McLennan Cos., Inc. |
225,356 | 34,125,659 | ||||||
|
|
|
|||||||
| 235,418,329 | ||||||||
|
|
|
|||||||
| Interactive Media & Services—0.9% | ||||||||
| Alphabet, Inc. - Class C (a) |
10,300 | 27,452,693 | ||||||
|
|
|
|||||||
BHFTI-356
Brighthouse Funds Trust I
T. Rowe Price Large Cap Value Portfolio
Schedule of Investments as of September 30, 2021 (Unaudited)
Common Stocks—(Continued)
| Security Description | Shares |
Value | ||||||
| IT Services—1.0% | ||||||||
| Fiserv, Inc. (a) |
291,000 | $ | 31,573,500 | |||||
|
|
|
|||||||
| Life Sciences Tools & Services—0.8% | ||||||||
| Thermo Fisher Scientific, Inc. |
45,075 | 25,752,700 | ||||||
|
|
|
|||||||
| Machinery—2.0% | ||||||||
| Caterpillar, Inc. |
66,000 | 12,670,020 | ||||||
| Cummins, Inc. |
106,100 | 23,825,816 | ||||||
| Illinois Tool Works, Inc. (b) |
140,695 | 29,071,808 | ||||||
|
|
|
|||||||
| 65,567,644 | ||||||||
|
|
|
|||||||
| Media—2.9% | ||||||||
| Comcast Corp. - Class A |
812,719 | 45,455,374 | ||||||
| Fox Corp. - Class B |
552,940 | 20,525,133 | ||||||
| News Corp. - Class A |
1,105,850 | 26,020,650 | ||||||
|
|
|
|||||||
| 92,001,157 | ||||||||
|
|
|
|||||||
| Multi-Utilities—2.4% | ||||||||
| Ameren Corp. |
363,222 | 29,420,982 | ||||||
| Sempra Energy |
386,122 | 48,844,433 | ||||||
|
|
|
|||||||
| 78,265,415 | ||||||||
|
|
|
|||||||
| Multiline Retail—0.5% | ||||||||
| Kohl’s Corp. |
310,272 | 14,610,708 | ||||||
|
|
|
|||||||
| Oil, Gas & Consumable Fuels—5.7% | ||||||||
| ConocoPhillips |
657,417 | 44,553,150 | ||||||
| Exxon Mobil Corp. |
612,531 | 36,029,074 | ||||||
| TC Energy Corp. (b) |
509,438 | 24,498,873 | ||||||
| TotalEnergies SE (b) |
1,639,562 | 78,584,207 | ||||||
|
|
|
|||||||
| 183,665,304 | ||||||||
|
|
|
|||||||
| Pharmaceuticals—4.9% | ||||||||
| Elanco Animal Health, Inc. (a) (b) |
868,013 | 27,680,935 | ||||||
| Johnson & Johnson |
302,457 | 48,846,805 | ||||||
| Merck & Co., Inc. |
439,841 | 33,036,458 | ||||||
| Perrigo Co. plc |
330,382 | 15,636,980 | ||||||
| Pfizer, Inc. |
723,408 | 31,113,778 | ||||||
|
|
|
|||||||
| 156,314,956 | ||||||||
|
|
|
|||||||
| Professional Services—0.4% | ||||||||
| Nielsen Holdings plc |
682,474 | 13,096,676 | ||||||
|
|
|
|||||||
| Semiconductors & Semiconductor Equipment—5.4% | ||||||||
| Applied Materials, Inc. |
376,336 | 48,445,733 | ||||||
| NXP Semiconductors NV |
105,618 | 20,687,398 | ||||||
| QUALCOMM, Inc. |
427,495 | 55,138,305 | ||||||
| Texas Instruments, Inc. |
257,493 | 49,492,730 | ||||||
|
|
|
|||||||
| 173,764,166 | ||||||||
|
|
|
|||||||
| Software—3.3% | ||||||||
| Citrix Systems, Inc. |
258,000 | 27,701,460 | ||||||
| Microsoft Corp. |
278,048 | 78,387,292 | ||||||
|
|
|
|||||||
| 106,088,752 | ||||||||
|
|
|
|||||||
| Specialty Retail—1.4% | ||||||||
| TJX Cos., Inc. (The) |
688,000 | 45,394,240 | ||||||
|
|
|
|||||||
| Tobacco—1.3% | ||||||||
| Philip Morris International, Inc. (b) |
433,036 | 41,047,482 | ||||||
|
|
|
|||||||
| Total Common Stocks |
3,129,972,620 | |||||||
|
|
|
|||||||
| Convertible Preferred Stocks—0.6% |
| |||||||
| Electric Utilities—0.4% | ||||||||
| Southern Co. (The) |
211,505 | 10,788,870 | ||||||
|
|
|
|||||||
| Health Care Equipment & Supplies—0.2% | ||||||||
| Becton Dickinson and Co. |
137,731 | 7,434,719 | ||||||
|
|
|
|||||||
| Pharmaceuticals—0.0% | ||||||||
| Elanco Animal Health, Inc. |
19,833 | 989,072 | ||||||
|
|
|
|||||||
| Total Convertible Preferred Stocks |
19,212,661 | |||||||
|
|
|
|||||||
| Short-Term Investment—1.3% |
| |||||||
| Mutual Funds—1.3% | ||||||||
| T. Rowe Price Treasury Reserve Fund (c) |
40,409,440 | 40,409,440 | ||||||
|
|
|
|||||||
| Total Short-Term Investments |
40,409,440 | |||||||
|
|
|
|||||||
| Securities Lending Reinvestments (d)—4.1% |
| |||||||
| Certificates of Deposit—0.6% | ||||||||
| Barclays Bank plc |
2,000,000 | 2,001,154 | ||||||
| Cooperatieve Rabobank UA |
2,000,000 | 2,000,000 | ||||||
| Goldman Sachs Bank USA |
4,000,000 | 4,000,280 | ||||||
| Mitsubishi UFJ Trust and Banking Corp. (London) |
||||||||
| Zero Coupon, 11/15/21 |
1,000,000 | 999,840 | ||||||
| Mizuho Bank, Ltd. |
3,000,000 | 2,999,853 | ||||||
| MUFG Bank Ltd. |
2,000,000 | 2,000,056 | ||||||
| Sumitomo Mitsui Banking Corp. |
3,500,000 | 3,500,084 | ||||||
| Sumitomo Mitsui Trust Bank, Ltd. |
2,000,000 | 1,999,988 | ||||||
|
|
|
|||||||
| 19,501,255 | ||||||||
|
|
|
|||||||
BHFTI-357
Brighthouse Funds Trust I
T. Rowe Price Large Cap Value Portfolio
Schedule of Investments as of September 30, 2021 (Unaudited)
Securities Lending Reinvestments (d)—(Continued)
| Security Description | Principal Amount* |
Value | ||||||
| Repurchase Agreements—2.5% | ||||||||
| Barclays Capital, Inc. |
15,196,765 | $ | 15,196,765 | |||||
| Citigroup Global Markets Ltd. |
10,000,000 | 10,000,000 | ||||||
| Citigroup Global Markets, Inc. | ||||||||
| Repurchase Agreement dated 09/30/21 at 0.420%, due on 11/04/21 with a maturity value of $2,501,021; collateralized by various Common Stock with an aggregate market value of $2,750,000. |
2,500,000 | 2,500,000 | ||||||
| Repurchase Agreement dated 09/30/21 at 0.420%, due on 11/04/21 with a maturity value of $8,003,267; collateralized by U.S. Treasury Obligations with rates ranging from 0.500% - 4.500%, maturity dates ranging from 02/28/26 - 08/15/39, and an aggregate market value of $8,182,724. |
8,000,000 | 8,000,000 | ||||||
| Repurchase Agreement dated 09/30/21 at 0.420%, due on 11/04/21 with a maturity value of $2,000,817; collateralized by U.S. Treasury Obligations with rates ranging from 1.000% - 4.500%, maturity dates ranging from 05/15/27 - 05/15/40, and various Common Stock with an aggregate market value of $2,173,346. |
2,000,000 | 2,000,000 | ||||||
| Deutsche Bank AG, London |
500,000 | 500,000 | ||||||
| ING Financial Markets LLC |
25,000,000 | 25,000,000 | ||||||
| National Bank of Canada |
5,000,000 | 5,000,000 | ||||||
| NBC Global Finance, Ltd. |
3,000,000 | 3,000,000 | ||||||
| Security Description | Shares/ Principal Amount* |
Value | ||||||
| Repurchase Agreements—(Continued) | ||||||||
| Societe Generale | ||||||||
| Repurchase Agreement dated 09/30/21 at 0.050%, due on 10/01/21 with a maturity value of $3,200,004; collateralized by U.S. Treasury Obligations with rates ranging from 0.000% - 6.750%, maturity dates ranging from 10/21/21 - 02/15/49, and an aggregate market value of $3,264,163. |
3,200,000 | $ | 3,200,000 | |||||
| Repurchase Agreement dated 09/30/21 at 0.170%, due on 10/01/21 with a maturity value of $4,000,019; collateralized by various Common Stock with an aggregate market value of $4,444,533. |
4,000,000 | 4,000,000 | ||||||
| Repurchase Agreement dated 09/30/21 at 0.200%, due on 10/07/21 with a maturity value of $3,252,159; collateralized by various Common Stock with an aggregate market value of $3,613,441. |
3,252,032 | 3,252,032 | ||||||
|
|
|
|||||||
| 81,648,797 | ||||||||
|
|
|
|||||||
| Time Deposits—0.5% | ||||||||
| ABN AMRO Bank NV |
5,000,000 | 5,000,000 | ||||||
| DZ Bank AG |
3,000,000 | 3,000,000 | ||||||
| First Abu Dhabi Bank USA NV |
4,000,000 | 4,000,000 | ||||||
| Landesbank Baden-Wuettertemberg (London) |
700,000 | 700,000 | ||||||
| National Bank of Canada |
3,000,000 | 3,000,000 | ||||||
|
|
|
|||||||
| 15,700,000 | ||||||||
|
|
|
|||||||
| Mutual Funds—0.5% | ||||||||
| BlackRock Liquidity Funds FedFund, Institutional Shares |
5,000,000 | 5,000,000 | ||||||
| Goldman Sachs Financial Square Government Fund, Institutional shares 0.030% (f) |
10,000,000 | 10,000,000 | ||||||
|
|
|
|||||||
| 15,000,000 | ||||||||
|
|
|
|||||||
| Total Securities Lending Reinvestments |
131,850,052 | |||||||
|
|
|
|||||||
| Total Investments— 103.7% |
3,321,444,773 | |||||||
| Other assets and liabilities (net)—(3.7)% |
(118,011,416 | ) | ||||||
|
|
|
|||||||
| Net Assets—100.0% | $ | 3,203,433,357 | ||||||
|
|
|
|||||||
| * | Principal amount stated in U.S. dollars unless otherwise noted. | |||
| (a) | Non-income producing security. | |||
| (b) | All or a portion of the security was held on loan. As of September 30, 2021, the market value of securities loaned was $126,659,076 and the collateral received consisted of cash in the amount of $131,848,380. The cash collateral investments are disclosed in the Schedule of Investments and categorized as Securities Lending Reinvestments. | |||
| (c) | Affiliated Issuer. | |||
| (d) | Represents investment of cash collateral received from securities on loan as of September 30, 2021. | |||
BHFTI-358
Brighthouse Funds Trust I
T. Rowe Price Large Cap Value Portfolio
Schedule of Investments as of September 30, 2021 (Unaudited)
| (e) | Variable or floating rate security. The stated rate represents the rate at September 30, 2021. Maturity date shown for callable securities reflects the earliest possible call date. For securities based on a published reference index and spread, the index and spread are indicated in the description above. For certain variable rate securities, the coupon rate is determined by the issuer/agent based on current market conditions. For certain asset- and mortgage-backed securities, the coupon rate may fluctuate based on changes of the underlying collateral or prepayments of principal. These securities do not indicate a reference index and spread in their description above. | |||
| (f) | The rate shown represents the annualized seven-day yield as of September 30, 2021. | |||
Glossary of Abbreviations
Index Abbreviations
| (LIBOR)— | London Interbank Offered Rate | |||
| (OBFR)— | U.S. Overnight Bank Funding Rate | |||
Other Abbreviations
| (ADR)— | American Depositary Receipt | |||
Fair Value Hierarchy
Accounting principles generally accepted in the United States of America (“GAAP”) define fair market value as the price that the Portfolio would receive to sell an asset or pay to transfer a liability in an orderly transaction between market participants at the measurement date. It establishes a fair value hierarchy that prioritizes inputs to valuation methods and requires disclosure of the fair value hierarchy, separately for each major category of assets and liabilities, that segregates fair value measurements into three levels. Levels 1, 2 and 3 of the fair value hierarchy are defined as follows:
Level 1 - unadjusted quoted prices in active markets for identical investments
Level 2 - other significant observable inputs (including, but not limited to, quoted prices for similar assets or liabilities in markets that are either active or inactive; inputs other than quoted prices that are observable such as interest rates, yield curves, volatilities, prepayment speeds, loss severities, credit risks, default rates, or other market corroborated inputs)
Level 3 - significant unobservable inputs based on the best information available in the circumstances, to the extent observable
inputs are unavailable (including the Portfolio’s own assumptions used in determining the fair value of investments and derivative financial instruments)
The inputs or methodologies used for valuing investments are not necessarily an indication of the risk associated with investing in them. Changes to the inputs or methodologies used may result in transfers between levels. A reconciliation of Level 3 securities, if any, will be disclosed following the fair value hierarchy table. For more information about the Portfolio’s policy regarding the valuation of investments, please refer to the Notes to Schedule of Investments.
The following table summarizes the fair value hierarchy of the Portfolio’s investments as of September 30, 2021:
| Description | Level 1 | Level 2 | Level 3 | Total | ||||||||||||
| Total Common Stocks* |
$ | 3,129,972,620 | $ | — | $ | — | $ | 3,129,972,620 | ||||||||
| Total Convertible Preferred Stocks* |
19,212,661 | — | — | 19,212,661 | ||||||||||||
| Total Short-Term Investment* |
40,409,440 | — | — | 40,409,440 | ||||||||||||
| Securities Lending Reinvestments | ||||||||||||||||
| Certificates of Deposit |
— | 19,501,255 | — | 19,501,255 | ||||||||||||
| Repurchase Agreements |
— | 81,648,797 | — | 81,648,797 | ||||||||||||
| Time Deposits |
— | 15,700,000 | — | 15,700,000 | ||||||||||||
| Mutual Funds |
15,000,000 | — | — | 15,000,000 | ||||||||||||
| Total Securities Lending Reinvestments |
15,000,000 | 116,850,052 | — | 131,850,052 | ||||||||||||
| Total Investments |
$ | 3,204,594,721 | $ | 116,850,052 | $ | — | $ | 3,321,444,773 | ||||||||
| Collateral for Securities Loaned (Liability) |
$ | — | $ | (131,848,380 | ) | $ | — | $ | (131,848,380 | ) | ||||||
| * | See Schedule of Investments for additional detailed categorizations. | |||
BHFTI-359
Brighthouse Funds Trust I
T. Rowe Price Mid Cap Growth Portfolio
Schedule of Investments as of September 30, 2021 (Unaudited)
Common Stocks—95.1% of Net Assets
| Security Description | Shares | Value | ||||||
| Aerospace & Defense—2.8% | ||||||||
| BWX Technologies, Inc. (a) |
186,000 | $ | 10,017,960 | |||||
| Textron, Inc. |
523,300 | 36,531,573 | ||||||
|
|
|
|||||||
| 46,549,533 | ||||||||
|
|
|
|||||||
| Airlines—0.8% | ||||||||
| Alaska Air Group, Inc. (b) |
2,300 | 134,780 | ||||||
| Southwest Airlines Co. (a) (b) |
270,900 | 13,932,387 | ||||||
|
|
|
|||||||
| 14,067,167 | ||||||||
|
|
|
|||||||
| Auto Components—0.7% | ||||||||
| Aptiv plc (b) |
81,300 | 12,111,261 | ||||||
|
|
|
|||||||
| Banks—0.4% | ||||||||
| Webster Financial Corp. (a) |
124,000 | 6,753,040 | ||||||
|
|
|
|||||||
| Beverages—0.4% | ||||||||
| Boston Beer Co., Inc. (The) - Class A (a) (b) |
14,087 | 7,180,848 | ||||||
|
|
|
|||||||
| Biotechnology—4.4% | ||||||||
| Alkermes plc (b) |
295,400 | 9,110,136 | ||||||
| Alnylam Pharmaceuticals, Inc. (a) (b) |
57,200 | 10,799,932 | ||||||
| Argenx SE (ADR) (b) |
27,400 | 8,274,800 | ||||||
| Exact Sciences Corp. (a) (b) |
65,000 | 6,204,250 | ||||||
| Exelixis, Inc. (a) (b) |
105,500 | 2,230,270 | ||||||
| Incyte Corp. (b) (c) |
116,456 | 8,009,844 | ||||||
| Ionis Pharmaceuticals, Inc. (a) (b) |
168,000 | 5,634,720 | ||||||
| Kodiak Sciences, Inc. (a) (b) |
13,600 | 1,305,328 | ||||||
| Neurocrine Biosciences, Inc. (b) |
65,000 | 6,234,150 | ||||||
| Seagen, Inc. (b) |
77,000 | 13,074,600 | ||||||
| Ultragenyx Pharmaceutical, Inc. (a) (b) |
45,000 | 4,058,550 | ||||||
|
|
|
|||||||
| 74,936,580 | ||||||||
|
|
|
|||||||
| Capital Markets—3.6% | ||||||||
| Cboe Global Markets, Inc. |
111,600 | 13,822,776 | ||||||
| KKR & Co., Inc. |
308,000 | 18,751,040 | ||||||
| MarketAxess Holdings, Inc. (a) |
20,000 | 8,413,800 | ||||||
| Raymond James Financial, Inc. (a) |
51,000 | 4,706,280 | ||||||
| Tradeweb Markets, Inc. - Class A |
191,800 | 15,493,604 | ||||||
|
|
|
|||||||
| 61,187,500 | ||||||||
|
|
|
|||||||
| Chemicals—0.5% | ||||||||
| RPM International, Inc. (a) |
104,300 | 8,098,895 | ||||||
|
|
|
|||||||
| Commercial Services & Supplies—0.5% | ||||||||
| Waste Connections, Inc. |
69,000 | 8,689,170 | ||||||
|
|
|
|||||||
| Construction Materials—0.5% | ||||||||
| Martin Marietta Materials, Inc. (a) |
22,838 | 7,803,288 | ||||||
|
|
|
|||||||
| Consumer Finance—0.3% | ||||||||
| SoFi Technologies, Inc. (a) (b) |
354,243 | 5,625,379 | ||||||
|
|
|
|||||||
| Containers & Packaging—4.4% | ||||||||
| Ardagh Metal Packaging S.A. (b) |
216,692 | 2,158,252 | ||||||
| Avery Dennison Corp. |
74,800 | 15,499,308 | ||||||
| Containers & Packaging—(Continued) | ||||||||
| Ball Corp. (a) |
416,900 | 37,508,493 | ||||||
| Packaging Corp. of America |
43,000 | 5,909,920 | ||||||
| Sealed Air Corp. (a) |
242,000 | 13,259,180 | ||||||
|
|
|
|||||||
| 74,335,153 | ||||||||
|
|
|
|||||||
| Diversified Consumer Services—1.0% | ||||||||
| Bright Horizons Family Solutions, Inc. (a) (b) |
42,600 | 5,939,292 | ||||||
| Terminix Global Holdings, Inc. (a) (b) |
275,100 | 11,463,417 | ||||||
|
|
|
|||||||
| 17,402,709 | ||||||||
|
|
|
|||||||
| Electric Utilities—0.2% | ||||||||
| Eversource Energy |
43,000 | 3,515,680 | ||||||
|
|
|
|||||||
| Electrical Equipment—0.1% | ||||||||
| Shoals Technologies Group, Inc. - Class A (a) (b) |
86,000 | 2,397,680 | ||||||
|
|
|
|||||||
| Electronic Equipment, Instruments & Components—3.6% | ||||||||
| Amphenol Corp. - Class A (a) |
122,200 | 8,948,706 | ||||||
| Cognex Corp. |
53,300 | 4,275,726 | ||||||
| Corning, Inc. |
340,000 | 12,406,600 | ||||||
| Keysight Technologies, Inc. (a) (b) |
142,000 | 23,329,180 | ||||||
| Littelfuse, Inc. (a) |
5,400 | 1,475,658 | ||||||
| National Instruments Corp. |
274,000 | 10,749,020 | ||||||
|
|
|
|||||||
| 61,184,890 | ||||||||
|
|
|
|||||||
| Entertainment—1.9% | ||||||||
| Liberty Media Corp.-Liberty Formula One - Class C (a) (b) |
179,000 | 9,202,390 | ||||||
| Playtika Holding Corp. (b) |
136,600 | 3,774,258 | ||||||
| Spotify Technology S.A. (b) |
59,200 | 13,340,128 | ||||||
| Zynga, Inc. - Class A (b) |
885,000 | 6,664,050 | ||||||
|
|
|
|||||||
| 32,980,826 | ||||||||
|
|
|
|||||||
| Food & Staples Retailing—1.0% | ||||||||
| Casey’s General Stores, Inc. |
89,400 | 16,847,430 | ||||||
|
|
|
|||||||
| Food Products—0.4% | ||||||||
| TreeHouse Foods, Inc. (a) (b) |
154,500 | 6,161,460 | ||||||
|
|
|
|||||||
| Health Care Equipment & Supplies—9.4% | ||||||||
| Alcon, Inc. (a) |
142,000 | 11,426,740 | ||||||
| Cooper Cos., Inc. (The) (a) |
56,000 | 23,145,360 | ||||||
| Dentsply Sirona, Inc. |
99,300 | 5,764,365 | ||||||
| Hologic, Inc. (b) |
594,000 | 43,843,140 | ||||||
| ICU Medical, Inc. (b) |
40,800 | 9,521,904 | ||||||
| Ortho Clinical Diagnostics Holdings plc (b) |
271,800 | 5,022,864 | ||||||
| Quidel Corp. (a) (b) |
78,000 | 11,009,700 | ||||||
| Teleflex, Inc. (a) |
95,123 | 35,818,565 | ||||||
| West Pharmaceutical Services, Inc. |
30,700 | 13,033,378 | ||||||
|
|
|
|||||||
| 158,586,016 | ||||||||
|
|
|
|||||||
| Health Care Providers & Services—1.3% | ||||||||
| Acadia Healthcare Co., Inc. (a) (b) |
230,000 | 14,669,400 | ||||||
| Agilon Health, Inc. (b) |
58,451 | 1,532,001 | ||||||
BHFTI-360
Brighthouse Funds Trust I
T. Rowe Price Mid Cap Growth Portfolio
Schedule of Investments as of September 30, 2021 (Unaudited)
Common Stocks—(Continued)
| Security Description | Shares | Value | ||||||
| Health Care Providers & Services—(Continued) | ||||||||
| Molina Healthcare, Inc. (b) |
23,000 | $ | 6,240,130 | |||||
|
|
|
|||||||
| 22,441,531 | ||||||||
|
|
|
|||||||
| Health Care Technology—1.5% | ||||||||
| Doximity, Inc. - Class A (b) |
33,700 | 2,719,590 | ||||||
| Multiplan Corp. (a) (b) |
673,000 | 3,788,990 | ||||||
| Veeva Systems, Inc. - Class A (b) |
66,000 | 19,019,220 | ||||||
|
|
|
|||||||
| 25,527,800 | ||||||||
|
|
|
|||||||
| Hotels, Restaurants & Leisure—4.7% | ||||||||
| Chipotle Mexican Grill, Inc. (b) |
10,000 | 18,175,200 | ||||||
| Domino’s Pizza, Inc. |
22,000 | 10,493,120 | ||||||
| DraftKings, Inc. - Class A (a) (b) |
112,000 | 5,393,920 | ||||||
| Hilton Worldwide Holdings, Inc. (b) |
175,000 | 23,119,250 | ||||||
| MGM Resorts International (a) |
249,600 | 10,770,240 | ||||||
| Vail Resorts, Inc. (b) |
37,100 | 12,393,255 | ||||||
|
|
|
|||||||
| 80,344,985 | ||||||||
|
|
|
|||||||
| Household Products—0.3% | ||||||||
| Reynolds Consumer Products, Inc. (a) |
182,100 | 4,978,614 | ||||||
|
|
|
|||||||
| Industrial Conglomerates—0.8% | ||||||||
| Roper Technologies, Inc. |
29,500 | 13,160,835 | ||||||
|
|
|
|||||||
| Insurance—1.5% | ||||||||
| Assurant, Inc. (a) |
88,200 | 13,913,550 | ||||||
| Axis Capital Holdings, Ltd. |
161,000 | 7,412,440 | ||||||
| Bright Health Group, Inc. (a) (b) |
80,946 | 660,519 | ||||||
| Kemper Corp. (a) |
56,900 | 3,800,351 | ||||||
|
|
|
|||||||
| 25,786,860 | ||||||||
|
|
|
|||||||
| Interactive Media & Services—1.5% | ||||||||
| IAC/InterActiveCorp. (b) |
55,000 | 7,165,950 | ||||||
| Match Group, Inc. (a) (b) |
68,000 | 10,675,320 | ||||||
| Pinterest, Inc. - Class A (b) |
45,400 | 2,313,130 | ||||||
| Vimeo, Inc. (a) (b) |
158,756 | 4,662,664 | ||||||
|
|
|
|||||||
| 24,817,064 | ||||||||
|
|
|
|||||||
| Internet & Direct Marketing Retail—1.5% | ||||||||
| Deliveroo Holdings plc † (b) (c) |
1,484,400 | 5,687,810 | ||||||
| Etsy, Inc. (a) (b) |
68,300 | 14,203,668 | ||||||
| Farfetch, Ltd. - Class A (b) |
111,933 | 4,195,249 | ||||||
| Wayfair, Inc. - Class A (a) (b) |
2,300 | 587,673 | ||||||
|
|
|
|||||||
| 24,674,400 | ||||||||
|
|
|
|||||||
| IT Services—1.8% | ||||||||
| Broadridge Financial Solutions, Inc. (a) |
36,400 | 6,065,696 | ||||||
| FleetCor Technologies, Inc. (a) (b) |
76,200 | 19,908,774 | ||||||
| Jack Henry & Associates, Inc. (a) |
21,000 | 3,445,260 | ||||||
| Thoughtworks Holding, Inc. (b) |
49,271 | 1,414,570 | ||||||
| Toast, Inc. - Class A (a) (b) |
7,024 | 350,849 | ||||||
|
|
|
|||||||
| 31,185,149 | ||||||||
|
|
|
|||||||
| Life Sciences Tools & Services—5.5% | ||||||||
| Agilent Technologies, Inc. |
213,500 | 33,632,655 | ||||||
| Avantor, Inc. (b) |
648,000 | 26,503,200 | ||||||
| Bruker Corp. (a) |
404,000 | 31,552,400 | ||||||
| PPD, Inc. (b) |
25,900 | 1,211,861 | ||||||
|
|
|
|||||||
| 92,900,116 | ||||||||
|
|
|
|||||||
| Machinery—4.8% | ||||||||
| Colfax Corp. (a) (b) |
402,702 | 18,484,022 | ||||||
| Fortive Corp. |
208,000 | 14,678,560 | ||||||
| IDEX Corp. (a) |
78,900 | 16,328,355 | ||||||
| Ingersoll Rand, Inc. (b) |
615,000 | 31,002,150 | ||||||
|
|
|
|||||||
| 80,493,087 | ||||||||
|
|
|
|||||||
| Metals & Mining—0.5% | ||||||||
| Kirkland Lake Gold, Ltd. (a) |
205,600 | 8,550,904 | ||||||
|
|
|
|||||||
| Multi-Utilities—1.1% | ||||||||
| Ameren Corp. |
76,000 | 6,156,000 | ||||||
| Sempra Energy |
99,000 | 12,523,500 | ||||||
|
|
|
|||||||
| 18,679,500 | ||||||||
|
|
|
|||||||
| Multiline Retail—1.7% | ||||||||
| Dollar General Corp. (a) |
90,700 | 19,241,098 | ||||||
| Dollar Tree, Inc. (b) |
90,700 | 8,681,804 | ||||||
|
|
|
|||||||
| 27,922,902 | ||||||||
|
|
|
|||||||
| Oil, Gas & Consumable Fuels—0.2% | ||||||||
| Venture Global LNG, Inc. - Series B† (b) (c) (d) |
78 | 358,027 | ||||||
| Venture Global LNG, Inc. - Series C† (b) (c) (d) |
540 | 2,478,649 | ||||||
|
|
|
|||||||
| 2,836,676 | ||||||||
|
|
|
|||||||
| Personal Products—0.1% | ||||||||
| Olaplex Holdings, Inc. (b) |
88,549 | 2,169,450 | ||||||
|
|
|
|||||||
| Pharmaceuticals—4.0% | ||||||||
| Catalent, Inc. (b) |
325,800 | 43,354,206 | ||||||
| Elanco Animal Health, Inc. (a) (b) |
357,000 | 11,384,730 | ||||||
| Perrigo Co. plc |
290,300 | 13,739,899 | ||||||
|
|
|
|||||||
| 68,478,835 | ||||||||
|
|
|
|||||||
| Professional Services—5.2% | ||||||||
| Clarivate plc (b) |
781,379 | 17,112,200 | ||||||
| CoStar Group, Inc. (a) (b) |
207,200 | 17,831,632 | ||||||
| Equifax, Inc. |
68,000 | 17,232,560 | ||||||
| Legalzoom.com, Inc (a) (b) |
11,578 | 305,659 | ||||||
| Leidos Holdings, Inc. (a) |
48,300 | 4,643,079 | ||||||
| TransUnion |
188,600 | 21,181,666 | ||||||
| Upwork, Inc. (a) (b) |
56,900 | 2,562,207 | ||||||
| Verisk Analytics, Inc. (a) |
37,700 | 7,550,179 | ||||||
|
|
|
|||||||
| 88,419,182 | ||||||||
|
|
|
|||||||
| Road & Rail—1.4% | ||||||||
| J.B. Hunt Transport Services, Inc. |
140,000 | 23,410,800 | ||||||
|
|
|
|||||||
BHFTI-361
Brighthouse Funds Trust I
T. Rowe Price Mid Cap Growth Portfolio
Schedule of Investments as of September 30, 2021 (Unaudited)
Common Stocks—(Continued)
| Security Description | Shares |
Value | ||||||
| Semiconductors & Semiconductor Equipment—7.1% | ||||||||
| Entegris, Inc. |
136,000 | $ | 17,122,400 | |||||
| KLA Corp. |
57,200 | 19,133,972 | ||||||
| Lattice Semiconductor Corp. (b) |
50,000 | 3,232,500 | ||||||
| Marvell Technology, Inc. |
471,200 | 28,418,072 | ||||||
| Microchip Technology, Inc. (a) |
261,800 | 40,183,682 | ||||||
| Skyworks Solutions, Inc. |
77,000 | 12,688,060 | ||||||
|
|
|
|||||||
| 120,778,686 | ||||||||
|
|
|
|||||||
| Software—7.6% | ||||||||
| Atlassian Corp. plc - Class A (b) |
27,200 | 10,646,624 | ||||||
| Bill.com Holdings, Inc. (a) (b) |
26,300 | 7,020,785 | ||||||
| Black Knight, Inc. (b) |
168,000 | 12,096,000 | ||||||
| CCC Intelligent Solutions Holdings, Inc. (a) (b) |
216,661 | 2,277,107 | ||||||
| Ceridian HCM Holding, Inc. (a) (b) |
175,000 | 19,708,500 | ||||||
| Citrix Systems, Inc. |
76,900 | 8,256,753 | ||||||
| Clear Secure, Inc. - Class A (b) |
23,327 | 957,574 | ||||||
| Crowdstrike Holdings, Inc. - Class A (a) (b) |
39,500 | 9,708,310 | ||||||
| DocuSign, Inc. (a) (b) |
81,800 | 21,057,774 | ||||||
| Fortinet, Inc. (b) |
56,000 | 16,354,240 | ||||||
| Ncino, Inc. (a) (b) |
45,400 | 3,224,762 | ||||||
| Procore Technologies, Inc. (a) (b) |
3,903 | 348,694 | ||||||
| Procore Technologies, Inc.† (b) (c) |
14,061 | 1,214,340 | ||||||
| PTC, Inc. (b) |
79,400 | 9,511,326 | ||||||
| SentinelOne, Inc. - Class A (b) |
14,472 | 775,265 | ||||||
| Splunk, Inc. (b) |
38,596 | 5,585,227 | ||||||
|
|
|
|||||||
| 128,743,281 | ||||||||
|
|
|
|||||||
| Specialty Retail—3.6% | ||||||||
| Bath & Body Works, Inc. |
68,000 | 4,286,040 | ||||||
| Burlington Stores, Inc. (b) |
90,800 | 25,748,156 | ||||||
| Five Below, Inc. (b) |
22,600 | 3,995,906 | ||||||
| O’Reilly Automotive, Inc. (b) |
30,800 | 18,820,648 | ||||||
| Ross Stores, Inc. (a) |
75,000 | 8,163,750 | ||||||
| Warby Parker, Inc. - Class A (b) |
11,416 | 605,619 | ||||||
|
|
|
|||||||
| 61,620,119 | ||||||||
|
|
|
|||||||
| Textiles, Apparel & Luxury Goods—0.5% | ||||||||
| Lululemon Athletica, Inc. (b) |
9,000 | 3,642,300 | ||||||
| ON Holding AG - Class A (a) (b) |
28,030 | 844,544 | ||||||
| VF Corp. |
54,400 | 3,644,256 | ||||||
|
|
|
|||||||
| 8,131,100 | ||||||||
|
|
|
|||||||
| Total Common Stocks |
1,612,466,381 | |||||||
|
|
|
|||||||
| Convertible Preferred Stocks—2.0% |
| |||||||
| Automobiles—1.6% | ||||||||
| Rivian Automotive, Inc. |
| |||||||
| Series D† (b) (c) (d) |
274,442 | 19,493,615 | ||||||
| Series E† (b) (c) (d) |
103,567 | 7,356,364 | ||||||
| Sila Nano, Inc. |
||||||||
| Series F† (b) (c) (d) |
43,934 | 1,813,279 | ||||||
|
|
|
|||||||
| 28,663,258 | ||||||||
|
|
|
|||||||
| Commercial Services & Supplies—0.1% | ||||||||
| Redwood Materials, Inc. |
||||||||
| Series C† (b) (c) (d) |
18,350 | 869,854 | ||||||
|
|
|
|||||||
| Health Care Providers & Services—0.1% | ||||||||
| Caris Life Sciences, Inc. - Series D† (b) (c) (d) |
156,199 | 1,265,212 | ||||||
|
|
|
|||||||
| Internet & Direct Marketing Retail—0.0% | ||||||||
| Maplebear, Inc. |
||||||||
| Series I† (b) (c) (d) |
3,514 | 439,250 | ||||||
|
|
|
|||||||
| Real Estate Management & Development—0.1% | ||||||||
| WeWork Cos., Inc. |
||||||||
| Series D2† (b) (c) |
37,341 | 277,929 | ||||||
| Series D1† (b) (c) |
89,839 | 668,672 | ||||||
|
|
|
|||||||
| 946,601 | ||||||||
|
|
|
|||||||
| Software—0.1% | ||||||||
| Databricks, Inc. |
| |||||||
| Series G† (b) (c) (d) |
3,374 | 743,806 | ||||||
| Series H† (b) (c) (d) |
4,062 | 895,478 | ||||||
|
|
|
|||||||
| 1,639,284 | ||||||||
|
|
|
|||||||
| Total Convertible Preferred Stocks |
33,823,459 | |||||||
|
|
|
|||||||
| Short-Term Investment—2.9% | ||||||||
| Mutual Funds—2.9% | ||||||||
| T. Rowe Price Treasury Reserve Fund (e) |
48,423,562 | 48,423,562 | ||||||
|
|
|
|||||||
| Total Short-Term Investments |
48,423,562 | |||||||
|
|
|
|||||||
| Securities Lending Reinvestments (f)—13.2% |
| |||||||
| Certificates of Deposit—4.2% | ||||||||
| Agricultural Bank of China |
3,000,000 | 3,000,120 | ||||||
| Bank of Montreal (Chicago) |
4,000,000 | 3,999,928 | ||||||
| Bank of Nova Scotia |
3,000,000 | 3,000,213 | ||||||
| Barclays Bank plc |
5,000,000 | 5,002,885 | ||||||
| Cooperatieve Rabobank UA |
2,000,000 | 2,000,280 | ||||||
| 0.170%, 03/18/22 |
5,000,000 | 5,000,000 | ||||||
| Credit Industriel et Commercial |
5,000,000 | 4,999,800 | ||||||
| Goldman Sachs Bank USA |
5,000,000 | 5,000,350 | ||||||
| Mizuho Bank, Ltd. |
5,000,000 | 4,999,755 | ||||||
BHFTI-362
Brighthouse Funds Trust I
T. Rowe Price Mid Cap Growth Portfolio
Schedule of Investments as of September 30, 2021 (Unaudited)
Securities Lending Reinvestments (f)—(Continued)
| Security Description | Principal Amount* |
Value | ||||||
| Certificates of Deposit—(Continued) | ||||||||
| MUFG Bank Ltd. |
5,000,000 | $ | 5,000,000 | |||||
| 0.150%, 01/11/22 |
2,000,000 | 2,000,056 | ||||||
| National Australia Bank, Ltd. |
3,000,000 | 2,999,850 | ||||||
| Natixis S.A. (New York) |
3,000,000 | 3,000,459 | ||||||
| Oversea-Chinese Banking Corp., Ltd. |
2,000,000 | 2,000,108 | ||||||
| Royal Bank of Canada New York |
2,000,000 | 2,000,022 | ||||||
| Societe Generale |
4,000,000 | 4,000,000 | ||||||
| Sumitomo Mitsui Banking Corp. |
5,000,000 | 5,000,120 | ||||||
| Sumitomo Mitsui Trust Bank (London) |
| |||||||
| Zero Coupon, 12/20/21 |
3,000,000 | 2,999,100 | ||||||
| Sumitomo Mitsui Trust Bank, Ltd. |
| |||||||
| Zero Coupon, 02/10/22 |
2,000,000 | 1,998,880 | ||||||
| 0.060%, 10/05/21 |
2,000,000 | 1,999,988 | ||||||
| Svenska Handelsbanken AB |
1,000,000 | 1,000,121 | ||||||
|
|
|
|||||||
| 71,002,035 | ||||||||
|
|
|
|||||||
| Commercial Paper—0.5% | ||||||||
| Antalis S.A. |
3,000,000 | 2,999,838 | ||||||
| Bedford Row Funding Corp. |
2,000,000 | 2,000,122 | ||||||
| UBS AG |
4,000,000 | 3,996,290 | ||||||
|
|
|
|||||||
| 8,996,250 | ||||||||
|
|
|
|||||||
| Repurchase Agreements—6.2% | ||||||||
| Barclays Capital, Inc. |
13,866,098 | 13,866,098 | ||||||
| CF Secured LLC |
20,000,000 | 20,000,000 | ||||||
| Citigroup Global Markets Ltd. |
10,000,000 | 10,000,000 | ||||||
| Repurchase Agreements—(Continued) | ||||||||
| Citigroup Global Markets, Inc. |
6,000,000 | 6,000,000 | ||||||
| Repurchase Agreement dated 09/30/21 at 0.420%, due on 11/04/21 with a maturity value of $5,002,042; collateralized by U.S. Treasury Obligations with rates ranging from 0.500% - 4.500%, maturity dates ranging from 02/28/26 - 08/15/39, and an aggregate market value of $5,114,203. |
5,000,000 | 5,000,000 | ||||||
| Repurchase Agreement dated 09/30/21 at 0.420%, due on 11/04/21 with a maturity value of $5,002,042; collateralized by U.S. Treasury Obligations with rates ranging from 1.000% - 4.500%, maturity dates ranging from 05/15/27 - 05/15/40, and various Common Stock with an aggregate market value of $5,433,364. |
5,000,000 | 5,000,000 | ||||||
| Deutsche Bank AG, London |
1,800,000 | 1,800,000 | ||||||
| National Bank of Canada |
10,000,000 | 10,000,000 | ||||||
| NBC Global Finance, Ltd. |
1,500,000 | 1,500,000 | ||||||
| Repurchase Agreement dated 09/30/21 at 0.250%, due on 10/07/21 with a maturity value of $2,500,122; collateralized by U.S. Treasury Obligations with rates ranging from 0.095% - 2.000%, maturity dates ranging from 07/31/22 - 02/15/50, and various Common Stock with an aggregate market value of $2,776,545. |
2,500,000 | 2,500,000 | ||||||
| Societe Generale |
3,600,000 | 3,600,000 | ||||||
| Repurchase Agreement dated 09/30/21 at 0.170%, due on 10/01/21 with a maturity value of $24,000,113; collateralized by various Common Stock with an aggregate market value of $26,667,195. |
24,000,000 | 24,000,000 | ||||||
| Repurchase Agreement dated 09/30/21 at 0.200%, due on 10/07/21 with a maturity value of $2,195,207; collateralized by various Common Stock with an aggregate market value of $2,439,073. |
2,195,122 | 2,195,122 | ||||||
|
|
|
|||||||
| 105,461,220 | ||||||||
|
|
|
|||||||
BHFTI-363
Brighthouse Funds Trust I
T. Rowe Price Mid Cap Growth Portfolio
Schedule of Investments as of September 30, 2021 (Unaudited)
Securities Lending Reinvestments (f)—(Continued)
| Security Description | Shares/ Principal |
Value | ||||||
| Time Deposits—1.6% | ||||||||
| ABN AMRO Bank NV |
5,000,000 | $ | 5,000,000 | |||||
| DZ Bank AG |
5,000,000 | 5,000,000 | ||||||
| First Abu Dhabi Bank USA NV |
5,000,000 | 5,000,000 | ||||||
| Landesbank Baden-Wuettertemberg (London) |
1,700,000 | 1,700,000 | ||||||
| National Bank of Canada |
5,000,000 | 5,000,000 | ||||||
| Svenska Handelsbanken (NY) |
5,000,000 | 5,000,000 | ||||||
|
|
|
|||||||
| 26,700,000 | ||||||||
|
|
|
|||||||
| Mutual Funds—0.7% | ||||||||
| BlackRock Liquidity Funds FedFund, Institutional Shares |
5,000,000 | 5,000,000 | ||||||
| Goldman Sachs Financial Square Government Fund, Institutional Shares 0.030% (h) |
5,000,000 | 5,000,000 | ||||||
| Wells Fargo Government Money Market Fund, Select Class |
1,000,000 | 1,000,000 | ||||||
|
|
|
|||||||
| 11,000,000 | ||||||||
|
|
|
|||||||
| Total Securities Lending Reinvestments |
223,159,505 | |||||||
|
|
|
|||||||
| Total Investments—113.2% |
1,917,872,907 | |||||||
| Other assets and liabilities (net)—(13.2)% |
(222,997,353 | ) | ||||||
|
|
|
|||||||
| Net Assets—100.0% | $ | 1,694,875,554 | ||||||
|
|
|
|||||||
| * | Principal amount stated in U.S. dollars unless otherwise noted. | |||
| † | Restricted securities are not registered under the Securities Act of 1933 and are subject to legal restrictions on resale. These securities generally may be resold in transactions exempt from registration or to the public if the securities are subsequently registered. Disposal of these securities may involve time-consuming negotiations and prompt sale at an acceptable price may be difficult. As of September 30, 2021, the market value of restricted securities was $43,562,285, which is 2.6% of net assets. See details shown in the Restricted Securities table that follows. | |||
| (a) | All or a portion of the security was held on loan. As of September 30, 2021, the market value of securities loaned was $225,957,772 and the collateral received consisted of cash in the amount of $223,147,891 and non-cash collateral with a value of $9,675,521. The cash collateral investments are disclosed in the Schedule of Investments and categorized as Securities Lending Reinvestments. The non-cash collateral received consists of U.S. government securities that are held in safe-keeping by the lending agent, or a third-party custodian, and cannot be sold or repledged by the Portfolio. | |||
| (b) | Non-income producing security. | |||
| (c) | Security was valued in good faith under procedures approved by the Board of Trustees. As of September 30, 2021, these securities represent 3.0% of net assets. | |||
| (d) | Significant unobservable inputs were used in the valuation of this portfolio security; i.e. Level 3. | |||
| (e) | Affiliated Issuer. | |||
| (f) | Represents investment of cash collateral received from securities on loan as of September 30, 2021. | |||
| (g) | Variable or floating rate security. The stated rate represents the rate at September 30, 2021. Maturity date shown for callable securities reflects the earliest possible call date. For securities based on a published reference index and spread, the index and spread are indicated in the description above. For certain variable rate securities, the coupon rate is determined by the issuer/agent based on current market conditions. For certain asset- and mortgage-backed securities, the coupon rate may fluctuate based on changes of the underlying collateral or prepayments of principal. These securities do not indicate a reference index and spread in their description above. | |||
| (h) | The rate shown represents the annualized seven-day yield as of September 30, 2021. | |||
| Restricted Securities |
Acquisition Date |
Shares | Cost | Value | ||||||||||||
| Caris Life Sciences, Inc. — Series D |
05/11/21 | 156,199 | $ | 1,265,212 | $ | 1,265,212 | ||||||||||
| Databricks Group, Ltd. — Series G |
02/01/21 | 3,374 | 598,439 | 743,806 | ||||||||||||
| Databricks Group, Ltd. — Series H |
08/31/21 | 4,062 | 895,478 | 895,478 | ||||||||||||
| Deliveroo Holdings plc |
09/12/17-05/16/19 | 1,484,400 | 2,635,073 | 5,687,810 | ||||||||||||
| Maplebear, Inc. — Series I |
02/26/21 | 3,514 | 439,250 | 439,250 | ||||||||||||
| Procore Technologies, Inc. |
07/15/20 | 14,061 | 759,065 | 1,214,340 | ||||||||||||
| Redwood Materials, Inc. — Series C |
05/28/21 | 18,350 | 869,854 | 869,854 | ||||||||||||
| Rivian Automotive, Inc. —Series D |
12/23/19 | 274,442 | 2,948,605 | 19,493,615 | ||||||||||||
| Rivian Automotive, Inc. —Series E |
07/10/20 | 103,567 | 1,604,253 | 7,356,364 | ||||||||||||
| Sila Nano, Inc. —Series F |
01/07/21 | 43,934 | 1,813,279 | 1,813,279 | ||||||||||||
| Venture Global LNG, Inc. —Series B |
03/08/18 | 78 | 235,560 | 358,027 | ||||||||||||
| Venture Global LNG, Inc. —Series C |
10/16/17-03/08/18 | 540 | 1,987,525 | 2,478,649 | ||||||||||||
| WeWork Cos., Inc. — Series D2 |
12/09/14 | 37,341 | 621,771 | 277,929 | ||||||||||||
| WeWork Cos., Inc. —Series D1 |
12/09/14 | 89,839 | 1,495,923 | 668,672 | ||||||||||||
|
|
|
|||||||||||||||
| $ | 43,562,285 | |||||||||||||||
|
|
|
|||||||||||||||
BHFTI-364
Brighthouse Funds Trust I
T. Rowe Price Mid Cap Growth Portfolio
Schedule of Investments as of September 30, 2021 (Unaudited)
Glossary of Abbreviations
Index Abbreviations
| (BSBY)— | Bloomberg Short-Term Bank Yield Index | |||
| (LIBOR)— | London Interbank Offered Rate | |||
| (OBFR)— | U.S. Overnight Bank Funding Rate | |||
Other Abbreviations
| (ADR)— | American Depositary Receipt | |||
Fair Value Hierarchy
Accounting principles generally accepted in the United States of America (“GAAP”) define fair market value as the price that the Portfolio would receive to sell an asset or pay to transfer a liability in an orderly transaction between market participants at the measurement date. It establishes a fair value hierarchy that prioritizes inputs to valuation methods and requires disclosure of the fair value hierarchy, separately for each major category of assets and liabilities, that segregates fair value measurements into three levels. Levels 1, 2 and 3 of the fair value hierarchy are defined as follows:
Level 1 - unadjusted quoted prices in active markets for identical investments
Level 2 - other significant observable inputs (including, but not limited to, quoted prices for similar assets or liabilities in markets that are either active or inactive; inputs other than quoted prices that are observable such as interest rates, yield curves, volatilities, prepayment speeds, loss severities, credit risks, default rates, or other market corroborated inputs)
Level 3 - significant unobservable inputs based on the best information available in the circumstances, to the extent observable inputs are unavailable (including the Portfolio’s own assumptions used in determining the fair value of investments and derivative financial instruments)
The inputs or methodologies used for valuing investments are not necessarily an indication of the risk associated with investing in them. Changes to the inputs or methodologies used may result in transfers between levels. A reconciliation of Level 3 securities, if any, will be disclosed following the fair value hierarchy table. For more information about the Portfolio’s policy regarding the valuation of investments, please refer to the Notes to Schedule of Investments.
The following table summarizes the fair value hierarchy of the Portfolio’s investments as of September 30, 2021:
| Description | Level 1 | Level 2 | Level 3 | Total | ||||||||||||
| Common Stocks | ||||||||||||||||
| Aerospace & Defense |
$ | 46,549,533 | $ | — | $ | — | $ | 46,549,533 | ||||||||
| Airlines |
14,067,167 | — | — | 14,067,167 | ||||||||||||
| Auto Components |
12,111,261 | — | — | 12,111,261 | ||||||||||||
| Banks |
6,753,040 | — | — | 6,753,040 | ||||||||||||
| Beverages |
7,180,848 | — | — | 7,180,848 | ||||||||||||
| Biotechnology |
74,936,580 | — | — | 74,936,580 | ||||||||||||
| Capital Markets |
61,187,500 | — | — | 61,187,500 | ||||||||||||
| Chemicals |
8,098,895 | — | — | 8,098,895 | ||||||||||||
| Commercial Services & Supplies |
8,689,170 | — | — | 8,689,170 | ||||||||||||
| Construction Materials |
7,803,288 | — | — | 7,803,288 | ||||||||||||
| Consumer Finance |
5,625,379 | — | — | 5,625,379 | ||||||||||||
| Containers & Packaging |
74,335,153 | — | — | 74,335,153 | ||||||||||||
| Diversified Consumer Services |
17,402,709 | — | — | 17,402,709 | ||||||||||||
| Electric Utilities |
3,515,680 | — | — | 3,515,680 | ||||||||||||
| Electrical Equipment |
2,397,680 | — | — | 2,397,680 | ||||||||||||
| Electronic Equipment, Instruments & Components |
61,184,890 | — | — | 61,184,890 | ||||||||||||
| Entertainment |
32,980,826 | — | — | 32,980,826 | ||||||||||||
| Food & Staples Retailing |
16,847,430 | — | — | 16,847,430 | ||||||||||||
| Food Products |
6,161,460 | — | — | 6,161,460 | ||||||||||||
| Health Care Equipment & Supplies |
158,586,016 | — | — | 158,586,016 | ||||||||||||
| Health Care Providers & Services |
22,441,531 | — | — | 22,441,531 | ||||||||||||
| Health Care Technology |
25,527,800 | — | — | 25,527,800 | ||||||||||||
| Hotels, Restaurants & Leisure |
80,344,985 | — | — | 80,344,985 | ||||||||||||
| Household Products |
4,978,614 | — | — | 4,978,614 | ||||||||||||
| Industrial Conglomerates |
13,160,835 | — | — | 13,160,835 | ||||||||||||
| Insurance |
25,786,860 | — | — | 25,786,860 | ||||||||||||
| Interactive Media & Services |
24,817,064 | — | — | 24,817,064 | ||||||||||||
| Internet & Direct Marketing Retail |
18,986,590 | 5,687,810 | — | 24,674,400 | ||||||||||||
| IT Services |
31,185,149 | — | — | 31,185,149 | ||||||||||||
| Life Sciences Tools & Services |
92,900,116 | — | — | 92,900,116 | ||||||||||||
| Machinery |
80,493,087 | — | — | 80,493,087 | ||||||||||||
| Metals & Mining |
8,550,904 | — | — | 8,550,904 | ||||||||||||
| Multi-Utilities |
18,679,500 | — | — | 18,679,500 | ||||||||||||
| Multiline Retail |
27,922,902 | — | — | 27,922,902 | ||||||||||||
| Oil, Gas & Consumable Fuels |
— | — | 2,836,676 | 2,836,676 | ||||||||||||
| Personal Products |
2,169,450 | — | — | 2,169,450 | ||||||||||||
| Pharmaceuticals |
68,478,835 | — | — | 68,478,835 | ||||||||||||
| Professional Services |
88,419,182 | — | — | 88,419,182 | ||||||||||||
| Road & Rail |
23,410,800 | — | — | 23,410,800 | ||||||||||||
| Semiconductors & Semiconductor Equipment |
120,778,686 | — | — | 120,778,686 | ||||||||||||
| Software |
127,528,941 | 1,214,340 | — | 128,743,281 | ||||||||||||
BHFTI-365
Brighthouse Funds Trust I
T. Rowe Price Mid Cap Growth Portfolio
Schedule of Investments as of September 30, 2021 (Unaudited)
Fair Value Hierarchy—(Continued)
| Description | Level 1 | Level 2 | Level 3 | Total | ||||||||||||
| Specialty Retail |
$ | 61,620,119 | $ | — | $ | — | $ | 61,620,119 | ||||||||
| Textiles, Apparel & Luxury Goods |
8,131,100 | — | — | 8,131,100 | ||||||||||||
| Total Common Stocks |
1,602,727,555 | 6,902,150 | 2,836,676 | 1,612,466,381 | ||||||||||||
| Convertible Preferred Stocks | ||||||||||||||||
| Automobiles |
— | — | 28,663,258 | 28,663,258 | ||||||||||||
| Commercial Services & Supplies |
— | — | 869,854 | 869,854 | ||||||||||||
| Health Care Providers & Services |
— | — | 1,265,212 | 1,265,212 | ||||||||||||
| Internet & Direct Marketing Retail |
— | — | 439,250 | 439,250 | ||||||||||||
| Real Estate Management & Development |
— | 946,601 | — | 946,601 | ||||||||||||
| Software |
— | — | 1,639,284 | 1,639,284 | ||||||||||||
| Total Convertible Preferred Stocks |
— | 946,601 | 32,876,858 | 33,823,459 | ||||||||||||
| Total Short—Term Investment* |
48,423,562 | — | — | 48,423,562 | ||||||||||||
| Securities Lending Reinvestments | ||||||||||||||||
| Certificates of Deposit |
— | 71,002,035 | — | 71,002,035 | ||||||||||||
| Commercial Paper |
— | 8,996,250 | — | 8,996,250 | ||||||||||||
| Repurchase Agreements |
— | 105,461,220 | — | 105,461,220 | ||||||||||||
| Time Deposits |
— | 26,700,000 | — | 26,700,000 | ||||||||||||
| Mutual Funds |
11,000,000 | — | — | 11,000,000 | ||||||||||||
| Total Securities Lending Reinvestments |
11,000,000 | 212,159,505 | — | 223,159,505 | ||||||||||||
| Total Investments |
$ | 1,662,151,117 | $ | 220,008,256 | $ | 35,713,534 | $ | 1,917,872,907 | ||||||||
| Collateral for Securities Loaned (Liability) |
$ | — | $ | (223,147,891 | ) | $ | — | $ | (223,147,891 | ) | ||||||
| * | See Schedule of Investments for additional detailed categorizations. | |||
| Investments in Securities |
Balance as of December 31, 2020 |
Change in Unrealized Appreciation/ (Depreciation) |
Purchases | Transfer Out | Balance as of September 30, 2021 |
Change in Unrealized Appreciation/ (Depreciation) from Investments Held at September 30, 2021 |
||||||||||||||||||
| Common Stocks | ||||||||||||||||||||||||
| IT Services |
$ | 3,613,718 | $ | — | $ | — | $ | (3,613,718 | ) | $ | — | $ | — | |||||||||||
| Oil, Gas & Consumable Fuels |
3,439,349 | (602,673 | ) | — | — | 2,836,676 | (602,673 | ) | ||||||||||||||||
| Software |
707,805 | — | — | (707,805 | ) | — | — | |||||||||||||||||
| Textiles, Apparel & Luxury Goods |
91,107 | — | — | (91,107 | ) | — | — | |||||||||||||||||
| Convertible Preferred Stocks | ||||||||||||||||||||||||
| Automobiles |
6,002,783 | 20,847,196 | 1,813,279 | — | 28,663,258 | 20,847,196 | ||||||||||||||||||
| Commercial Services & Supplies |
— | — | 869,854 | — | 869,854 | — | ||||||||||||||||||
| Health Care Providers & Services |
— | — | 1,265,212 | — | 1,265,212 | — | ||||||||||||||||||
| Internet & Direct Marketing Retail |
4,774,498 | — | 439,250 | (4,774,498 | ) | 439,250 | — | |||||||||||||||||
| Real Estate Management & Development |
0 | — | — | (0 | ) | — | — | |||||||||||||||||
| Software |
178,038 | — | 1,639,284 | (178,038 | ) | 1,639,284 | — | |||||||||||||||||
| Textiles, Apparel & Luxury Goods |
188,934 | — | — | (188,934 | ) | — | — | |||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||
| $ | 18,996,232 | $ | 20,244,523 | $ | 6,026,879 | $ | (9,554,100 | ) | $ | 35,713,534 | $ | 20,244,523 | ||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||
| Fair Value at Sepetember 30, 2021 |
Valuation Technique(s) | Unobservable Input | Range | Weighted Average |
Relationship Between Fair Value and Input; if input value increases then Fair Value: |
|||||||||||||||||||||||
| Common Stock | ||||||||||||||||||||||||||||
| Oil, Gas & Consumable Fuels |
$ | 2,836,676 | Market Transaction Method | Precedent Transaction | $ | 5,200.00 | $ | 5,200.00 | $ | 5,200.00 | Increase | |||||||||||||||||
| Comparable Company Analysis | Enterprise Value/EBITDA | 10.8x | 12.7x | 11.8x | Increase | |||||||||||||||||||||||
| Discount for Lack of Marketability | 10.00 | % | 10.00 | % | 10.00 | % | Decrease | |||||||||||||||||||||
| Convertible Preferred Stocks | ||||||||||||||||||||||||||||
| Automobiles |
26,849,979 | Market Transaction Method | Precedent Transaction | $ | 71.03 | $ | 71.03 | $ | 71.03 | Increase | ||||||||||||||||||
| 1,813,279 | Market Transaction Method | Precedent Transaction | $ | 41.27 | $ | 41.27 | $ | 41.27 | Increase | |||||||||||||||||||
| Commercial Services & Supplies |
869,854 | Market Transaction Method | Precedent Transaction | $ | 47.40 | $ | 47.40 | $ | 47.40 | Increase | ||||||||||||||||||
| Health Care Providers & Services |
1,265,212 | Market Transaction Method | Precedent Transaction | $ | 8.10 | $ | 8.10 | $ | 8.10 | Increase | ||||||||||||||||||
| Internet & Direct Marketing Retail |
439,250 | Market Transaction Method | Precedent Transaction | $ | 125.00 | $ | 125.00 | $ | 125.00 | Increase | ||||||||||||||||||
| Software |
1,639,284 | Market Transaction Method | Precedent Transaction | $ | 220.45 | $ | 220.45 | $ | 220.45 | Increase | ||||||||||||||||||
BHFTI-366
Brighthouse Funds Trust I
TCW Core Fixed Income Portfolio
Schedule of Investments as of September 30, 2021 (Unaudited)
U.S. Treasury & Government Agencies—71.1% of Net Assets
| Security Description | Principal Amount* |
Value | ||||||
| Agency Sponsored Mortgage - Backed—31.7% | ||||||||
| Fannie Mae 15 Yr. Pool | ||||||||
| 3.000%, 06/01/32 |
701,066 | $ | 740,720 | |||||
| Fannie Mae 20 Yr. Pool | ||||||||
| 2.000%, 08/01/40 |
2,922,190 | 2,946,576 | ||||||
| 2.000%, 10/01/40 |
7,219,011 | 7,319,389 | ||||||
| 2.000%, 11/01/40 |
4,242,504 | 4,287,241 | ||||||
| 2.000%, 07/01/41 |
4,362,449 | 4,431,298 | ||||||
| Fannie Mae 30 Yr. Pool | ||||||||
| 3.000%, 07/01/45 |
9,716,253 | 10,481,062 | ||||||
| 3.000%, 09/01/49 |
5,334,063 | 5,666,949 | ||||||
| 3.500%, 01/01/48 |
3,801,245 | 4,046,403 | ||||||
| 3.500%, 02/01/48 |
2,063,890 | 2,199,341 | ||||||
| 4.000%, 06/01/47 |
1,119,577 | 1,207,907 | ||||||
| 4.500%, 02/01/46 |
1,934,703 | 2,138,827 | ||||||
| 4.500%, 05/01/48 |
5,741,754 | 6,222,407 | ||||||
| 4.500%, 08/01/48 |
1,090,107 | 1,182,068 | ||||||
| Fannie Mae Pool | ||||||||
| 2.455%, 04/01/40 |
2,790,000 | 2,894,690 | ||||||
| 3.000%, 10/01/49 |
1,595,178 | 1,631,268 | ||||||
| 3.500%, 01/01/44 |
3,243,126 | 3,505,238 | ||||||
| 4.000%, 08/01/42 |
493,716 | 542,248 | ||||||
| Fannie Mae REMICS (CMO) | ||||||||
| 3.000%, 06/25/48 |
2,560,186 | 2,664,605 | ||||||
| 3.500%, 01/25/47 |
4,481,806 | 4,635,245 | ||||||
| 3.500%, 06/25/47 |
2,064,866 | 2,141,612 | ||||||
| Freddie Mac 15 Yr. Gold Pool | ||||||||
| 3.000%, 03/01/31 |
1,063,077 | 1,124,744 | ||||||
| 3.000%, 06/01/33 |
298,218 | 315,116 | ||||||
| 3.500%, 11/01/33 |
1,549,310 | 1,651,863 | ||||||
| 3.500%, 01/01/34 |
2,656,362 | 2,854,056 | ||||||
| Freddie Mac 30 Yr. Gold Pool | ||||||||
| 3.000%, 09/01/46 |
1,243,485 | 1,313,976 | ||||||
| 3.000%, 10/01/46 |
3,350,369 | 3,547,445 | ||||||
| 3.000%, 11/01/46 |
5,176,923 | 5,484,170 | ||||||
| 3.000%, 01/01/47 |
6,275,263 | 6,664,227 | ||||||
| 3.500%, 01/01/44 |
2,359,382 | 2,569,499 | ||||||
| 3.500%, 04/01/45 |
3,768,748 | 4,141,928 | ||||||
| 3.500%, 11/01/45 |
408,833 | 439,745 | ||||||
| 3.500%, 06/01/46 |
1,505,506 | 1,605,151 | ||||||
| 3.500%, 08/01/46 |
1,674,035 | 1,816,945 | ||||||
| 3.500%, 04/01/47 |
8,404,566 | 9,148,416 | ||||||
| 3.500%, 12/01/47 |
13,684,799 | 14,741,479 | ||||||
| 3.500%, 01/01/48 |
15,144,622 | 16,578,344 | ||||||
| 3.500%, 03/01/48 |
11,128,176 | 12,147,905 | ||||||
| 4.000%, 01/01/45 |
2,569,739 | 2,859,344 | ||||||
| 4.000%, 12/01/45 |
5,953,314 | 6,606,155 | ||||||
| 4.000%, 03/01/48 |
518,123 | 572,246 | ||||||
| 4.000%, 06/01/48 |
35,914 | 39,392 | ||||||
| 4.000%, 11/01/48 |
831,354 | 916,525 | ||||||
| 4.500%, 10/01/48 |
2,162,785 | 2,344,852 | ||||||
| 5.000%, 06/01/48 |
693,652 | 764,628 | ||||||
| 5.000%, 08/01/48 |
104,599 | 115,310 | ||||||
| 5.000%, 10/01/48 |
1,256,879 | 1,383,813 | ||||||
| Freddie Mac 30 Yr. Pool | ||||||||
| 3.000%, 01/01/50 |
6,982,129 | 7,425,379 | ||||||
| Agency Sponsored Mortgage - Backed—(Continued) | ||||||||
| Freddie Mac Multifamily Structured Pass-Through Certificates | ||||||||
| 3.750%, 04/25/33 |
5,465,000 | 6,405,518 | ||||||
| Freddie Mac REMICS (CMO) |
1,077,969 | 1,122,862 | ||||||
| Ginnie Mae II 30 Yr. Pool | ||||||||
| 2.000%, TBA (a) |
15,750,000 | 15,946,875 | ||||||
| 2.500%, TBA (a) |
28,075,000 | 28,931,507 | ||||||
| 3.000%, 10/20/46 |
1,149,523 | 1,210,047 | ||||||
| 3.000%, 12/20/46 |
3,552,290 | 3,743,838 | ||||||
| 3.000%, 04/20/47 |
716,522 | 754,944 | ||||||
| 3.000%, 11/20/47 |
1,320,275 | 1,389,515 | ||||||
| 3.500%, 04/20/46 |
2,600,440 | 2,757,674 | ||||||
| 3.500%, 05/20/46 |
1,165,447 | 1,238,431 | ||||||
| 3.500%, 06/20/46 |
260,412 | 276,936 | ||||||
| 3.500%, 11/20/46 |
3,929,845 | 4,172,081 | ||||||
| 3.500%, 01/20/47 |
673,657 | 715,662 | ||||||
| 3.500%, 09/20/47 |
1,317,289 | 1,396,524 | ||||||
| 3.500%, 11/20/47 |
2,655,367 | 2,812,766 | ||||||
| 4.000%, 11/20/47 |
1,391,178 | 1,490,269 | ||||||
| 4.000%, 12/20/47 |
1,251,329 | 1,340,426 | ||||||
| 4.000%, 03/20/48 |
934,309 | 1,000,816 | ||||||
| 4.000%, 10/20/48 |
1,829,335 | 1,949,789 | ||||||
| 4.500%, 02/20/47 |
2,475,197 | 2,711,381 | ||||||
| 4.500%, 06/20/47 |
3,958,237 | 4,291,542 | ||||||
| 5.000%, 06/20/47 |
2,137,069 | 2,350,399 | ||||||
| 5.000%, 09/20/47 |
1,136,868 | 1,243,957 | ||||||
| Ginnie Mae II Pool | ||||||||
| 3.000%, 10/20/49 |
1,566,361 | 1,608,341 | ||||||
| 3.500%, 07/20/49 |
256,300 | 264,416 | ||||||
| Government National Mortgage Association (CMO) |
2,062,850 | 2,213,962 | ||||||
| Uniform Mortgage-Backed Securities 15 Yr. Pool | ||||||||
| 1.500%, TBA (a) |
22,625,000 | 22,821,201 | ||||||
| 2.000%, TBA (a) |
31,075,000 | 31,961,123 | ||||||
| Uniform Mortgage-Backed Securities 30 Yr. Pool | ||||||||
| 2.000%, TBA (a) |
170,750,000 | 170,903,409 | ||||||
| 2.500%, TBA (a) |
151,550,000 | 155,960,341 | ||||||
|
|
|
|||||||
| 655,044,299 | ||||||||
|
|
|
|||||||
| U.S. Treasury—39.4% | ||||||||
| U.S. Treasury Bonds | ||||||||
| 2.000%, 08/15/51 |
93,570,000 | 91,917,905 | ||||||
| 2.250%, 05/15/41 |
23,395,000 | 24,327,145 | ||||||
| 2.375%, 05/15/51 (b) |
23,145,000 | 24,700,055 | ||||||
| U.S. Treasury Inflation Indexed Bond |
4,655,029 | 5,098,469 | ||||||
| U.S. Treasury Notes | ||||||||
| 0.125%, 07/31/23 (b) |
154,165,000 | 153,833,786 | ||||||
| 0.125%, 08/31/23 (b) |
102,240,000 | 101,968,425 | ||||||
| 0.250%, 09/30/23 |
95,560,000 | 95,485,344 | ||||||
| 0.625%, 07/31/26 (b) |
60,020,000 | 59,058,742 | ||||||
| 0.750%, 08/31/26 (b) |
78,790,000 | 77,946,701 | ||||||
| 0.875%, 09/30/26 |
130,060,000 | 129,358,896 | ||||||
BHFTI-367
Brighthouse Funds Trust I
TCW Core Fixed Income Portfolio
Schedule of Investments as of September 30, 2021 (Unaudited)
U.S. Treasury & Government Agencies—(Continued)
| Security Description | Principal Amount* |
Value | ||||||
| U.S. Treasury—(Continued) | ||||||||
| U.S. Treasury Notes | ||||||||
| 1.250%, 08/15/31 (b) |
52,035,000 | $ | 50,774,777 | |||||
|
|
|
|||||||
| 814,470,245 | ||||||||
|
|
|
|||||||
| Total U.S. Treasury & Government Agencies |
1,469,514,544 | |||||||
|
|
|
|||||||
| Corporate Bonds & Notes—23.1% |
| |||||||
| Aerospace/Defense—0.3% | ||||||||
| BAE Systems Holdings, Inc. |
1,500,000 | 1,636,283 | ||||||
| Boeing Co. (The) |
3,500,000 | 3,505,233 | ||||||
|
|
|
|||||||
| 5,141,516 | ||||||||
|
|
|
|||||||
| Agriculture—0.6% | ||||||||
| BAT Capital Corp. | ||||||||
| 4.390%, 08/15/37 (b) |
830,000 | 891,448 | ||||||
| 4.540%, 08/15/47 |
5,585,000 | 5,785,813 | ||||||
| Imperial Brands Finance plc |
2,800,000 | 2,946,124 | ||||||
| Reynolds American, Inc. | ||||||||
| 5.700%, 08/15/35 |
1,170,000 | 1,400,338 | ||||||
| 5.850%, 08/15/45 |
1,805,000 | 2,165,742 | ||||||
|
|
|
|||||||
| 13,189,465 | ||||||||
|
|
|
|||||||
| Airlines—0.1% | ||||||||
| American Airlines Pass-Through Trust |
925,730 | 898,524 | ||||||
| U.S. Airways Pass-Through Trust |
1,187,267 | 1,225,193 | ||||||
|
|
|
|||||||
| 2,123,717 | ||||||||
|
|
|
|||||||
| Auto Manufacturers—0.6% | ||||||||
| Ford Motor Credit Co. LLC | ||||||||
| 0.999%, 3M LIBOR + 0.880%, 10/12/21 (d) |
2,205,000 | 2,204,999 | ||||||
| 3.219%, 01/09/22 |
1,889,000 | 1,893,723 | ||||||
| 3.339%, 03/28/22 |
2,155,000 | 2,167,133 | ||||||
| General Motors Co. |
3,330,000 | 3,599,250 | ||||||
| General Motors Financial Co., Inc. | ||||||||
| 3.150%, 06/30/22 |
1,290,000 | 1,313,193 | ||||||
| 3.450%, 04/10/22 |
405,000 | 409,232 | ||||||
| 4.200%, 11/06/21 |
645,000 | 647,276 | ||||||
|
|
|
|||||||
| 12,234,806 | ||||||||
|
|
|
|||||||
| Banks—6.0% | ||||||||
| Bank of America Corp. | ||||||||
| 1.658%, SOFR + 0.910%, 03/11/27 (d) |
9,885,000 | 9,941,741 | ||||||
| 1.734%, SOFR + 0.960%, 07/22/27 (d) |
5,925,000 | 5,949,380 | ||||||
| 2.087%, SOFR + 1.060%, 06/14/29 (b) (d) |
1,570,000 | 1,567,480 | ||||||
| 3.970%, 3M LIBOR + 1.070%, 03/05/29 (d) |
990,000 | 1,101,040 | ||||||
| Banks—(Continued) | ||||||||
| Citigroup, Inc. |
6,875,000 | 6,834,485 | ||||||
| Credit Suisse Group AG | ||||||||
| 1.305%, SOFR + 0.980%, 02/02/27 (144A) (d) |
1,310,000 | 1,280,206 | ||||||
| 2.193%, SOFR + 2.044%, 06/05/26 (144A) (d) |
5,220,000 | 5,317,973 | ||||||
| 3.091%, SOFR + 1.730%, 05/14/32 (144A) (d) |
2,690,000 | 2,750,595 | ||||||
| 4.282%, 01/09/28 (144A) |
340,000 | 377,904 | ||||||
| 4.550%, 04/17/26 |
440,000 | 494,263 | ||||||
| DNB Bank ASA |
3,140,000 | 3,123,877 | ||||||
| Goldman Sachs Group, Inc. (The) | ||||||||
| 1.093%, SOFR + 0.789%, 12/09/26 (d) |
1,025,000 | 1,010,058 | ||||||
| 1.431%, SOFR + 0.798%, 03/09/27 (d) |
5,605,000 | 5,589,586 | ||||||
| 1.542%, SOFR + 0.818%, 09/10/27 (d) |
1,970,000 | 1,962,115 | ||||||
| HSBC Holdings plc | ||||||||
| 0.976%, SOFR + 0.708%, 05/24/25 (d) |
1,600,000 | 1,597,182 | ||||||
| 1.589%, SOFR + 1.290%, 05/24/27 (d) |
1,325,000 | 1,316,073 | ||||||
| 2.013%, SOFR + 1.732%, 09/22/28 (b) (d) |
5,400,000 | 5,398,675 | ||||||
| 2.206%, SOFR + 1.285%, 08/17/29 (b) (d) |
2,880,000 | 2,856,556 | ||||||
| 2.633%, SOFR + 1.402%, 11/07/25 (d) |
1,835,000 | 1,914,027 | ||||||
| JPMorgan Chase & Co. | ||||||||
| 0.969%, SOFR + 0.580%, 06/23/25 (b) (d) |
785,000 | 785,963 | ||||||
| 1.470%, SOFR + 0.765%, 09/22/27 (d) |
3,145,000 | 3,124,876 | ||||||
| 1.578%, SOFR + 0.885%, 04/22/27 (d) |
5,370,000 | 5,380,890 | ||||||
| 2.005%, SOFR + 1.585%, 03/13/26 (b) (d) |
1,700,000 | 1,741,285 | ||||||
| 2.083%, SOFR + 1.850%, 04/22/26 (d) |
4,385,000 | 4,510,242 | ||||||
| Lloyds Banking Group plc | ||||||||
| 1.627%, 1Y H15 + 0.850%, 05/11/27 (d) |
1,200,000 | 1,198,991 | ||||||
| 2.858%, 3M LIBOR + 1.249%, 03/17/23 (d) |
2,330,000 | 2,355,929 | ||||||
| 3.870%, 1Y H15 + 3.500%, 07/09/25 (d) |
2,515,000 | 2,711,645 | ||||||
| Macquarie Group, Ltd. |
1,165,000 | 1,163,261 | ||||||
| Morgan Stanley | ||||||||
| 1.512%, SOFR + 0.858%, 07/20/27 (d) |
6,170,000 | 6,140,666 | ||||||
| 1.593%, SOFR + 0.879%, 05/04/27 (d) |
2,740,000 | 2,748,152 | ||||||
| 3.875%, 01/27/26 (b) |
2,010,000 | 2,225,063 | ||||||
| Natwest Group plc |
3,830,000 | 4,133,106 | ||||||
| Santander UK Group Holdings plc | ||||||||
| 1.089%, SOFR + 0.787%, 03/15/25 (d) |
3,445,000 | 3,451,041 | ||||||
| 1.532%, 1Y H15 + 1.250%, 08/21/26 (d) |
330,000 | 329,337 | ||||||
| 1.673%, SOFR + 0.989%, 06/14/27 (d) |
1,250,000 | 1,244,676 | ||||||
| 3.571%, 01/10/23 (b) |
1,200,000 | 1,210,327 | ||||||
| Santander UK plc |
3,950,000 | 4,269,436 | ||||||
| UBS AG |
3,150,000 | 3,146,188 | ||||||
| Wells Fargo & Co. | ||||||||
| 2.164%, 3M LIBOR + 0.750%, 02/11/26 (d) |
5,625,000 | 5,802,473 | ||||||
| 2.393%, SOFR + 2.100%, 06/02/28 (b) (d) |
2,035,000 | 2,098,980 | ||||||
| 2.879%, SOFR + 1.432%, 10/30/30 (d) |
4,095,000 | 4,276,658 | ||||||
|
|
|
|||||||
| 124,432,401 | ||||||||
|
|
|
|||||||
BHFTI-368
Brighthouse Funds Trust I
TCW Core Fixed Income Portfolio
Schedule of Investments as of September 30, 2021 (Unaudited)
Corporate Bonds & Notes—(Continued)
| Security Description | Principal Amount* |
Value | ||||||
| Beverages—0.4% | ||||||||
| Anheuser-Busch Cos. LLC / Anheuser-Busch InBev Worldwide, Inc. | ||||||||
| 4.700%, 02/01/36 |
1,500,000 | $ | 1,812,661 | |||||
| 4.900%, 02/01/46 |
2,374,000 | 2,918,156 | ||||||
| Anheuser-Busch InBev Worldwide, Inc. |
1,200,000 | 1,432,590 | ||||||
| Bacardi, Ltd. | ||||||||
| 4.450%, 05/15/25 (144A) |
405,000 | 446,379 | ||||||
| 5.300%, 05/15/48 (144A) |
1,980,000 | 2,581,823 | ||||||
|
|
|
|||||||
| 9,191,609 | ||||||||
|
|
|
|||||||
| Chemicals—0.2% | ||||||||
| International Flavors & Fragrances, Inc. |
4,273,000 | 4,236,542 | ||||||
| 5.000%, 09/26/48 |
460,000 | 594,814 | ||||||
|
|
|
|||||||
| 4,831,356 | ||||||||
|
|
|
|||||||
| Commercial Services—0.3% | ||||||||
| IHS Markit, Ltd. | ||||||||
| 4.750%, 02/15/25 (144A) |
2,445,000 | 2,704,952 | ||||||
| 4.750%, 08/01/28 |
1,500,000 | 1,756,275 | ||||||
| 5.000%, 11/01/22 (144A) |
1,535,000 | 1,590,414 | ||||||
|
|
|
|||||||
| 6,051,641 | ||||||||
|
|
|
|||||||
| Diversified Financial Services—1.6% | ||||||||
| AerCap Ireland Capital DAC / AerCap Global Aviation Trust | ||||||||
| 3.300%, 01/23/23 |
1,685,000 | 1,736,218 | ||||||
| 3.500%, 01/15/25 |
1,765,000 | 1,857,151 | ||||||
| 3.875%, 01/23/28 |
475,000 | 509,968 | ||||||
| 3.950%, 02/01/22 |
2,480,000 | 2,500,741 | ||||||
| Air Lease Corp. |
4,715,000 | 4,843,016 | ||||||
| Avolon Holdings Funding, Ltd. | ||||||||
| 2.528%, 11/18/27 (144A) |
1,274,000 | 1,252,982 | ||||||
| 2.875%, 02/15/25 (144A) |
1,995,000 | 2,052,682 | ||||||
| 3.950%, 07/01/24 (144A) |
560,000 | 594,568 | ||||||
| GE Capital Funding LLC |
215,000 | 249,125 | ||||||
| GE Capital International Funding Co. |
10,635,000 | 12,762,556 | ||||||
| Park Aerospace Holdings, Ltd. | ||||||||
| 4.500%, 03/15/23 (144A) |
2,330,000 | 2,434,711 | ||||||
| 5.500%, 02/15/24 (144A) |
390,000 | 425,585 | ||||||
| Raymond James Financial, Inc. |
995,000 | 1,285,217 | ||||||
|
|
|
|||||||
| 32,504,520 | ||||||||
|
|
|
|||||||
| Electric—1.6% | ||||||||
| Appalachian Power Co. | ||||||||
| 3.300%, 06/01/27 (b) |
760,000 | 820,928 | ||||||
| 4.450%, 06/01/45 |
1,440,000 | 1,721,675 | ||||||
| Duke Energy Carolinas LLC |
1,300,000 | 1,544,707 | ||||||
| Duke Energy Corp. |
680,000 | 688,989 | ||||||
| Electric—(Continued) | ||||||||
| Duke Energy Progress LLC | ||||||||
| 4.100%, 05/15/42 |
1,000,000 | 1,154,008 | ||||||
| 4.100%, 03/15/43 |
2,325,000 | 2,715,010 | ||||||
| El Paso Electric Co. |
825,000 | 845,449 | ||||||
| Evergy Metro, Inc. |
2,250,000 | 2,695,124 | ||||||
| FirstEnergy Transmission LLC |
3,430,000 | 3,729,831 | ||||||
| International Transmission Co. |
2,750,000 | 3,400,806 | ||||||
| MidAmerican Energy Co. |
905,000 | 1,165,124 | ||||||
| PacifiCorp |
2,000,000 | 2,147,784 | ||||||
| Pennsylvania Electric Co. |
570,000 | 602,268 | ||||||
| 4.150%, 04/15/25 (144A) |
2,800,000 | 2,979,046 | ||||||
| Public Service Co. of New Mexico |
3,135,000 | 3,360,029 | ||||||
| Southwestern Electric Power Co. |
3,000,000 | 3,384,878 | ||||||
|
|
|
|||||||
| 32,955,656 | ||||||||
|
|
|
|||||||
| Food—0.3% | ||||||||
| Kraft Heinz Foods Co. | ||||||||
| 4.875%, 10/01/49 (b) |
1,645,000 | 2,002,121 | ||||||
| 5.000%, 07/15/35 |
1,000,000 | 1,229,765 | ||||||
| 5.200%, 07/15/45 |
1,915,000 | 2,398,622 | ||||||
|
|
|
|||||||
| 5,630,508 | ||||||||
|
|
|
|||||||
| Gas—0.3% | ||||||||
| Southern Co. Gas Capital Corp. |
4,000,000 | 4,291,066 | ||||||
| Spire, Inc. |
1,000,000 | 1,140,920 | ||||||
|
|
|
|||||||
| 5,431,986 | ||||||||
|
|
|
|||||||
| Healthcare-Services—1.5% | ||||||||
| Aetna, Inc. |
2,000,000 | 2,070,520 | ||||||
| Anthem, Inc. |
2,235,000 | 2,482,789 | ||||||
| Centene Corp. |
4,362,000 | 4,471,050 | ||||||
| CommonSpirit Health | ||||||||
| 2.782%, 10/01/30 |
870,000 | 895,894 | ||||||
| 3.347%, 10/01/29 |
1,050,000 | 1,128,876 | ||||||
| Fresenius Medical Care U.S. Finance III, Inc. |
2,050,000 | 2,060,051 | ||||||
| HCA, Inc. | ||||||||
| 2.375%, 07/15/31 |
465,000 | 456,992 | ||||||
| 4.125%, 06/15/29 |
2,493,000 | 2,784,736 | ||||||
| 5.000%, 03/15/24 |
1,000,000 | 1,097,479 | ||||||
BHFTI-369
Brighthouse Funds Trust I
TCW Core Fixed Income Portfolio
Schedule of Investments as of September 30, 2021 (Unaudited)
Corporate Bonds & Notes—(Continued)
| Security Description | Principal Amount* |
Value | ||||||
| Healthcare-Services—(Continued) | ||||||||
| HCA, Inc. | ||||||||
| 5.250%, 04/15/25 |
1,000,000 | $ | 1,133,553 | |||||
| 5.250%, 06/15/26 |
1,505,000 | 1,727,017 | ||||||
| 5.250%, 06/15/49 (b) |
3,200,000 | 4,084,318 | ||||||
| New York and Presbyterian Hospital (The) |
4,490,000 | 4,938,239 | ||||||
| UnitedHealth Group, Inc. |
1,995,000 | 2,460,547 | ||||||
|
|
|
|||||||
| 31,792,061 | ||||||||
|
|
|
|||||||
| Insurance—0.6% | ||||||||
| Athene Global Funding |
5,100,000 | 5,034,080 | ||||||
| Farmers Exchange Capital III |
3,530,000 | 4,375,619 | ||||||
| Farmers Insurance Exchange |
90,000 | 101,853 | ||||||
| Teachers Insurance & Annuity Association of America |
3,500,000 | 3,675,501 | ||||||
|
|
|
|||||||
| 13,187,053 | ||||||||
|
|
|
|||||||
| Internet—0.1% | ||||||||
| Tencent Holdings, Ltd. | ||||||||
| 3.680%, 04/22/41 (144A) |
920,000 | 954,280 | ||||||
| 3.840%, 04/22/51 (144A) |
910,000 | 946,218 | ||||||
|
|
|
|||||||
| 1,900,498 | ||||||||
|
|
|
|||||||
| Media—0.6% | ||||||||
| Charter Communications Operating LLC / Charter Communications Operating Capital Corp. |
4,700,000 | 5,627,290 | ||||||
| Time Warner Cable LLC |
2,065,000 | 2,530,846 | ||||||
| ViacomCBS, Inc. |
1,780,000 | 2,036,096 | ||||||
| Walt Disney Co. (The) |
1,275,000 | 1,420,242 | ||||||
|
|
|
|||||||
| 11,614,474 | ||||||||
|
|
|
|||||||
| Oil & Gas—0.7% | ||||||||
| Chevron USA, Inc. |
1,050,000 | 1,397,184 | ||||||
| Exxon Mobil Corp. | ||||||||
| 3.452%, 04/15/51 |
1,773,000 | 1,885,458 | ||||||
| 4.327%, 03/19/50 |
2,402,000 | 2,942,214 | ||||||
| Hess Corp. |
1,200,000 | 1,499,341 | ||||||
| Occidental Petroleum Corp. |
620,000 | 622,982 | ||||||
| Petroleos Mexicanos | ||||||||
| 6.750%, 09/21/47 |
3,228,000 | 2,815,349 | ||||||
| 6.950%, 01/28/60 (b) |
355,000 | 310,235 | ||||||
| 7.690%, 01/23/50 |
2,110,000 | 1,997,959 | ||||||
|
|
|
|||||||
| 13,470,722 | ||||||||
|
|
|
|||||||
| Packaging & Containers—0.4% | ||||||||
| Amcor Finance USA, Inc. |
2,625,000 | 2,863,004 | ||||||
| Berry Global, Inc. |
4,810,000 | 4,808,749 | ||||||
|
|
|
|||||||
| 7,671,753 | ||||||||
|
|
|
|||||||
| Pharmaceuticals—1.4% | ||||||||
| AbbVie, Inc. | ||||||||
| 4.050%, 11/21/39 |
685,000 | 787,208 | ||||||
| 4.400%, 11/06/42 |
2,600,000 | 3,105,913 | ||||||
| 4.450%, 05/14/46 |
1,384,000 | 1,667,778 | ||||||
| 4.500%, 05/14/35 |
599,000 | 716,021 | ||||||
| 4.550%, 03/15/35 |
775,000 | 928,768 | ||||||
| Bayer U.S. Finance LLC | ||||||||
| 4.250%, 12/15/25 (144A) |
1,195,000 | 1,321,010 | ||||||
| 4.375%, 12/15/28 (144A) |
3,900,000 | 4,415,463 | ||||||
| 4.400%, 07/15/44 (144A) |
1,205,000 | 1,366,027 | ||||||
| 4.625%, 06/25/38 (144A) |
1,250,000 | 1,474,089 | ||||||
| 4.875%, 06/25/48 (144A) (b) |
1,965,000 | 2,404,444 | ||||||
| Cigna Corp. | ||||||||
| 3.400%, 03/15/51 (b) |
739,000 | 759,639 | ||||||
| 3.875%, 10/15/47 (b) |
3,350,000 | 3,728,284 | ||||||
| CVS Health Corp. | ||||||||
| 5.050%, 03/25/48 |
5,205,000 | 6,699,888 | ||||||
| 5.125%, 07/20/45 |
275,000 | 354,400 | ||||||
|
|
|
|||||||
| 29,728,932 | ||||||||
|
|
|
|||||||
| Pipelines—1.2% | ||||||||
| Enbridge Energy Partners L.P. |
850,000 | 990,776 | ||||||
| Energy Transfer L.P. | ||||||||
| 5.000%, 05/15/50 (b) |
1,130,000 | 1,303,708 | ||||||
| 5.150%, 03/15/45 |
2,352,000 | 2,692,125 | ||||||
| 5.400%, 10/01/47 |
1,200,000 | 1,429,938 | ||||||
| 6.500%, 02/01/42 |
3,048,000 | 3,960,031 | ||||||
| Kinder Morgan, Inc. |
1,275,000 | 1,624,084 | ||||||
| Plains All American Pipeline L.P. / PAA Finance Corp. | ||||||||
| 3.800%, 09/15/30 (b) |
840,000 | 896,779 | ||||||
| 4.500%, 12/15/26 |
2,500,000 | 2,793,000 | ||||||
| Rockies Express Pipeline LLC |
3,000,000 | 3,120,000 | ||||||
| Ruby Pipeline LLC |
2,262,727 | 2,117,674 | ||||||
| Texas Eastern Transmission L.P. |
3,275,000 | 3,332,056 | ||||||
|
|
|
|||||||
| 24,260,171 | ||||||||
|
|
|
|||||||
| Real Estate Investment Trusts—1.0% | ||||||||
| American Campus Communities Operating Partnership L.P. | ||||||||
| 3.750%, 04/15/23 |
1,500,000 | 1,561,476 | ||||||
| 4.125%, 07/01/24 (b) |
2,750,000 | 2,984,872 | ||||||
| CyrusOne L.P. / CyrusOne Finance Corp /CyrusOne L.P. |
1,755,000 | 1,649,138 | ||||||
BHFTI-370
Brighthouse Funds Trust I
TCW Core Fixed Income Portfolio
Schedule of Investments as of September 30, 2021 (Unaudited)
Corporate Bonds & Notes—(Continued)
| Security Description | Principal Amount* |
Value | ||||||
| Real Estate Investment Trusts—(Continued) | ||||||||
| GLP Capital L.P. / GLP Financing II, Inc. | ||||||||
| 3.350%, 09/01/24 |
385,000 | $ | 405,971 | |||||
| 4.000%, 01/15/30 |
365,000 | 391,944 | ||||||
| 5.250%, 06/01/25 |
1,000,000 | 1,115,080 | ||||||
| 5.300%, 01/15/29 |
265,000 | 309,828 | ||||||
| 5.375%, 04/15/26 |
3,160,000 | 3,592,762 | ||||||
| 5.750%, 06/01/28 |
2,000,000 | 2,346,500 | ||||||
| Healthcare Trust of America Holdings L.P. |
1,885,000 | 2,043,162 | ||||||
| SL Green Operating Partnership L.P. |
2,038,000 | 2,088,442 | ||||||
| Ventas Realty L.P. |
2,500,000 | 2,673,241 | ||||||
|
|
|
|||||||
| 21,162,416 | ||||||||
|
|
|
|||||||
| Retail—0.1% | ||||||||
| Alimentation Couche-Tard, Inc. |
2,750,000 | 3,028,399 | ||||||
|
|
|
|||||||
| Savings & Loans—0.2% | ||||||||
| Nationwide Building Society | ||||||||
| 3.622%, 3M LIBOR + 1.181%, 04/26/23 (144A) (d) |
1,425,000 | 1,449,778 | ||||||
| 3.766%, 3M LIBOR + 1.064%, 03/08/24 (144A) (b) (d) |
2,820,000 | 2,939,966 | ||||||
|
|
|
|||||||
| 4,389,744 | ||||||||
|
|
|
|||||||
| Semiconductors—0.1% | ||||||||
| Intel Corp. |
2,157,000 | 2,142,784 | ||||||
|
|
|
|||||||
| Software—0.3% | ||||||||
| Oracle Corp. | ||||||||
| 3.600%, 04/01/50 |
2,750,000 | 2,753,295 | ||||||
| 3.950%, 03/25/51 |
2,710,000 | 2,858,018 | ||||||
|
|
|
|||||||
| 5,611,313 | ||||||||
|
|
|
|||||||
| Telecommunications—2.6% | ||||||||
| AT&T, Inc. | ||||||||
| 2.550%, 12/01/33 (b) |
6,050,000 | 5,952,099 | ||||||
| 3.800%, 12/01/57 |
5,084,000 | 5,193,570 | ||||||
| 4.300%, 12/15/42 |
2,701,000 | 3,014,545 | ||||||
| 4.750%, 05/15/46 |
1,590,000 | 1,901,873 | ||||||
| 4.850%, 03/01/39 |
1,368,000 | 1,639,472 | ||||||
| 5.250%, 03/01/37 |
2,485,000 | 3,082,905 | ||||||
| Level 3 Financing, Inc. | ||||||||
| 3.400%, 03/01/27 (144A) |
575,000 | 605,676 | ||||||
| 3.875%, 11/15/29 (144A) |
2,890,000 | 3,090,277 | ||||||
| Sprint Spectrum Co. LLC / Sprint Spectrum Co. II LLC / Sprint Spectrum Co. III LLC |
||||||||
| 4.738%, 03/20/25 (144A) |
7,420,000 | 7,924,560 | ||||||
| 5.152%, 03/20/28 (144A) |
1,650,000 | 1,885,125 | ||||||
| T-Mobile USA, Inc. | ||||||||
| 2.550%, 02/15/31 |
1,025,000 | 1,028,653 | ||||||
| 3.750%, 04/15/27 |
2,145,000 | 2,363,127 | ||||||
| 3.875%, 04/15/30 |
3,983,000 | 4,397,878 | ||||||
| 4.375%, 04/15/40 |
2,335,000 | 2,690,310 | ||||||
| Telecommunications—(Continued) | ||||||||
| Verizon Communications, Inc. | ||||||||
| 2.355%, 03/15/32 (144A) |
3,195,000 | 3,159,677 | ||||||
| 2.550%, 03/21/31 (b) |
1,105,000 | 1,118,581 | ||||||
| Vodafone Group plc | ||||||||
| 4.875%, 06/19/49 |
2,620,000 | 3,266,733 | ||||||
| 5.250%, 05/30/48 |
1,070,000 | 1,384,978 | ||||||
|
|
|
|||||||
| 53,700,039 | ||||||||
|
|
|
|||||||
| Total Corporate Bonds & Notes |
477,379,540 | |||||||
|
|
|
|||||||
| Asset-Backed Securities—8.5% |
| |||||||
| Asset-Backed - Home Equity—1.0% | ||||||||
| Asset-Backed Funding Certificates Trust |
1,991,123 | 1,980,685 | ||||||
| JPMorgan Mortgage Acquisition Corp. |
889,477 | 889,550 | ||||||
| New Century Home Equity Loan Trust |
6,357,406 | 6,241,584 | ||||||
| Option One Mortgage Loan Trust |
1,157,461 | 1,158,035 | ||||||
| Soundview Home Loan Trust |
12,061,188 | 10,275,167 | ||||||
|
|
|
|||||||
| 20,545,021 | ||||||||
|
|
|
|||||||
| Asset-Backed - Other—3.9% | ||||||||
| AGL CLO, Ltd. |
5,400,000 | 5,403,715 | ||||||
| Ameriquest Mortgage Securities, Inc. | ||||||||
| 0.671%, 1M LIBOR + 0.585%, 03/25/36 (d) |
1,735,410 | 1,730,118 | ||||||
| 0.836%, 1M LIBOR + 0.750%, 01/25/36 (d) |
5,965,000 | 5,962,208 | ||||||
| AMMC CLO, Ltd. | ||||||||
| 1.175%, 3M LIBOR + 1.050%, 07/24/29 (144A) (d) |
4,750,000 | 4,750,285 | ||||||
| 1.266%, 3M LIBOR + 1.140%, 10/16/28 (144A) (d) |
2,038,100 | 2,038,217 | ||||||
| BSPRT Issuer, Ltd. | ||||||||
| 1.134%, 1M LIBOR + 1.050%, 09/15/35 (144A) (d) |
1,743,189 | 1,743,189 | ||||||
| 1.234%, 1M LIBOR + 1.150%, 05/15/29 (144A) (d) |
3,738,264 | 3,735,969 | ||||||
| 1.434%, 1M LIBOR + 1.350%, 03/15/28 (144A) (d) |
3,970,453 | 3,970,453 | ||||||
| CWABS Asset-Backed Certificates Trust |
2,101,350 | 2,102,231 | ||||||
| Dryden XXVI Senior Loan Fund |
2,238,304 | 2,238,107 | ||||||
| FS Rialto |
4,520,000 | 4,508,551 | ||||||
| LCM XIII L.P. |
4,700,000 | 4,701,156 | ||||||
| Madison Park Funding, Ltd. |
1,778,708 | 1,778,660 | ||||||
| Neuberger Berman CLO XX, Ltd. |
5,000,000 | 5,005,335 | ||||||
| Octagon Investment Partners 46, Ltd. |
5,520,000 | 5,534,865 | ||||||
| Popular ABS Mortgage Pass-Through Trust |
5,237,015 | 5,225,746 | ||||||
BHFTI-371
Brighthouse Funds Trust I
TCW Core Fixed Income Portfolio
Schedule of Investments as of September 30, 2021 (Unaudited)
Asset-Backed Securities—(Continued)
| Security Description | Principal Amount* |
Value | ||||||
| Asset-Backed - Other—(Continued) | ||||||||
| Rockford Tower CLO, Ltd. |
5,200,000 | $ | 5,203,089 | |||||
| Structured Asset Investment Loan Trust |
2,090,226 | 2,081,654 | ||||||
| Towd Point Mortgage Trust |
3,106,148 | 3,148,087 | ||||||
| Vantage Data Centers Issuer LLC |
4,863,192 | 5,055,711 | ||||||
| Wellman Park CLO, Ltd. |
4,750,000 | 4,751,696 | ||||||
|
|
|
|||||||
| 80,669,042 | ||||||||
|
|
|
|||||||
| Asset-Backed - Student Loan—3.6% | ||||||||
| Navient Student Loan Trust | ||||||||
| 1.136%, 1M LIBOR + 1.050%, 07/26/66 (144A) (d) |
5,600,000 | 5,610,648 | ||||||
| 1.586%, 1M LIBOR + 1.500%, 10/25/58 (d) |
2,470,000 | 2,487,194 | ||||||
| SLC Student Loan Trust | ||||||||
| 0.276%, 3M LIBOR + 0.160%, 09/15/39 (d) |
10,432,691 | 10,244,799 | ||||||
| 0.276%, 3M LIBOR + 0.160%, 03/15/55 (d) |
8,310,000 | 8,170,230 | ||||||
| SLM Student Loan Trust | ||||||||
| 0.185%, 3M LIBOR + 0.060%, 01/25/22 (d) |
7,285,657 | 7,112,895 | ||||||
| 0.455%, 3M LIBOR + 0.330%, 01/25/22 (d) |
2,856,126 | 2,806,637 | ||||||
| 0.495%, 3M LIBOR + 0.370%, 01/25/40 (d) |
3,313,018 | 3,164,147 | ||||||
| 0.675%, 3M LIBOR + 0.550%, 10/25/64 (144A) (d) |
4,753,979 | 4,790,698 | ||||||
| 0.836%, 1M LIBOR + 0.750%, 05/26/26 (d) |
5,340,604 | 5,239,297 | ||||||
| 0.836%, 1M LIBOR + 0.750%, 01/25/45 (144A) (d) |
2,658,197 | 2,659,792 | ||||||
| 1.225%, 3M LIBOR + 1.100%, 07/25/23 (d) |
5,461,599 | 5,475,193 | ||||||
| 1.316%, 3M LIBOR + 1.200%, 12/15/33 (144A) (d) |
4,005,823 | 4,017,412 | ||||||
| 1.625%, 3M LIBOR + 1.500%, 04/25/23 (d) |
2,347,776 | 2,365,681 | ||||||
| 1.886%, 1M LIBOR + 1.800%, 09/25/43 (d) |
5,800,000 | 5,798,904 | ||||||
| Wachovia Student Loan Trust 0.295%, 3M LIBOR + 0.170%, 04/25/40 (144A) (d) |
5,408,163 | 5,294,125 | ||||||
|
|
|
|||||||
| 75,237,652 | ||||||||
|
|
|
|||||||
| Total Asset-Backed Securities |
176,451,715 | |||||||
|
|
|
|||||||
| Mortgage-Backed Securities—4.9% |
| |||||||
| Collateralized Mortgage Obligations—3.0% | ||||||||
| Banc of America Funding Trust |
758,829 | 758,010 | ||||||
| CIM Trust | ||||||||
| 1.951%, 06/25/57 (144A) (d) |
7,881,719 | 7,975,511 | ||||||
| 2.000%, 05/01/61 (144A) (d) |
8,562,822 | 8,572,414 | ||||||
| 2.000%, 08/25/61 (144A) (d) |
6,105,146 | 6,072,557 | ||||||
| 3.000%, 10/25/59 (144A) (d) |
6,198,152 | 6,290,038 | ||||||
| 3.750%, 07/25/58 (144A) (d) |
4,328,723 | 4,321,747 | ||||||
| Credit Suisse Mortgage Trust | ||||||||
| 1.019%, 09/27/46 (144A) (d) |
596,492 | 599,251 | ||||||
| 3.850%, 09/25/57 (144A) (d) |
5,798,642 | 6,103,496 | ||||||
| GS Mortgage-Backed Securities Trust |
5,248,548 | 5,456,554 | ||||||
| Collateralized Mortgage Obligations—(Continued) | ||||||||
| Morgan Stanley Resecuritization Trust | ||||||||
| 0.984%, 1M LIBOR + 0.450%, 08/26/47 (144A) (d) |
454,094 | 454,769 | ||||||
| 2.963%, 08/26/47 (144A) (d) |
1,479,120 | 1,484,381 | ||||||
| Nomura Resecuritization Trust | ||||||||
| 0.344%, -1 x 1M LIBOR + 0.426%, 02/25/37 (144A) (d) |
441,400 | 434,158 | ||||||
| 0.604%, 11/26/35 (144A) (d) |
1,044,811 | 1,045,695 | ||||||
| PHH Alternative Mortgage Trust |
6,459,671 | 6,447,170 | ||||||
| WaMu Mortgage Pass-Through Certificates Trust | ||||||||
| 0.666%, 1M LIBOR + 0.580%, 10/25/45 (d) |
2,525,517 | 2,536,192 | ||||||
| 2.619%, 06/25/34 (d) |
3,836,554 | 3,910,019 | ||||||
|
|
|
|||||||
| 62,461,962 | ||||||||
|
|
|
|||||||
| Commercial Mortgage-Backed Securities—1.9% | ||||||||
| BAMLL Commercial Mortgage Securities Trust |
3,265,000 | 3,703,009 | ||||||
| BX Commercial Mortgage Trust |
895,000 | 956,700 | ||||||
| CALI Mortgage Trust |
2,200,000 | 2,479,088 | ||||||
| Century Plaza Towers |
1,730,000 | 1,823,626 | ||||||
| Credit Suisse Mortgage Capital Certificates |
5,000,000 | 5,014,329 | ||||||
| DC Office Trust |
1,850,000 | 1,959,067 | ||||||
| Hudson Yards Mortgage Trust | ||||||||
| 3.041%, 12/10/41 (144A) (d) |
1,850,000 | 1,966,005 | ||||||
| 3.228%, 07/10/39 (144A) |
1,875,000 | 2,026,669 | ||||||
| JPMorgan Chase Commercial Mortgage Securities Trust |
2,000,000 | 2,187,471 | ||||||
| MKT Mortgage Trust |
2,750,000 | 2,857,415 | ||||||
| Natixis Commercial Mortgage Securities Trust |
5,380,000 | 5,380,000 | ||||||
| 2.966%, 12/15/38 (144A) |
1,840,000 | 1,920,140 | ||||||
| One Bryant Park Trust |
2,390,000 | 2,459,761 | ||||||
| RBS Commercial Funding, Inc. Trust |
1,205,000 | 1,269,202 | ||||||
| SFAVE Commercial Mortgage Securities Trust | ||||||||
| 3.872%, 01/05/43 (144A) (d) |
1,519,000 | 1,604,002 | ||||||
| 4.144%, 01/05/43 (144A) (d) |
110,000 | 121,322 | ||||||
|
|
|
|||||||
| 37,727,806 | ||||||||
|
|
|
|||||||
| Total Mortgage-Backed Securities |
100,189,768 | |||||||
|
|
|
|||||||
| Municipals—0.5% |
| |||||||
| Miami-Dade County, FL Aviation Revenue |
600,000 | 647,635 | ||||||
| New York City Transitional Finance Authority, Future Tax Secured Revenue |
||||||||
| 4.200%, 11/01/30 |
1,250,000 | 1,468,040 | ||||||
| 5.267%, 05/01/27 |
2,150,000 | 2,567,303 | ||||||
BHFTI-372
Brighthouse Funds Trust I
TCW Core Fixed Income Portfolio
Schedule of Investments as of September 30, 2021 (Unaudited)
Municipals—(Continued)
| Security Description | Shares/ Principal Amount* |
Value | ||||||
| New York City, General Obligation Unlimited, Build America Bond |
1,750,000 | $ | 2,421,057 | |||||
| Regents of the University of California Medical Center Pooled Revenue 3.256%, 05/15/60 |
3,485,000 | 3,744,397 | ||||||
|
|
|
|||||||
| Total Municipals |
10,848,432 | |||||||
|
|
|
|||||||
| Short-Term Investments—12.1% | ||||||||
| Mutual Funds—0.4% | ||||||||
| State Street Institutional Liquid Reserves Fund, |
8,004,847 | 8,006,447 | ||||||
|
|
|
|||||||
| U.S. Treasury—11.7% | ||||||||
| U.S. Treasury Bills | ||||||||
| 0.036%, 12/14/21 (b) (f) |
25,945,000 | 25,943,240 | ||||||
| 0.040%, 01/06/22 (f) |
62,780,000 | 62,774,085 | ||||||
| 0.042%, 12/21/21 (f) |
8,410,000 | 8,409,470 | ||||||
| 0.045%, 02/10/22 (f) |
90,700,000 | 90,685,035 | ||||||
| 0.046%, 02/03/22 (f) |
9,375,000 | 9,373,454 | ||||||
| 0.048%, 01/20/22 (f) |
44,050,000 | 44,044,906 | ||||||
|
|
|
|||||||
| 241,230,190 | ||||||||
|
|
|
|||||||
| Total Short-Term Investments |
249,236,637 | |||||||
|
|
|
|||||||
| Securities Lending Reinvestments (g)—20.2% |
| |||||||
| Certificates of Deposit—5.9% | ||||||||
| Agricultural Bank of China | ||||||||
| 0.190%, 11/17/21 |
4,000,000 | 4,000,160 | ||||||
| 0.200%, 11/22/21 |
3,000,000 | 3,000,174 | ||||||
| Bank of Montreal (Chicago) |
13,000,000 | 12,999,766 | ||||||
| Barclays Bank plc |
15,000,000 | 15,008,655 | ||||||
| Cooperatieve Rabobank UA |
15,000,000 | 15,000,000 | ||||||
| Goldman Sachs Bank USA |
5,000,000 | 5,000,350 | ||||||
| Mitsubishi UFJ Trust and Banking Corp. (London) | ||||||||
| Zero Coupon, 11/15/21 |
2,000,000 | 1,999,680 | ||||||
| Mizuho Bank, Ltd. |
5,000,000 | 4,999,755 | ||||||
| MUFG Bank Ltd. | ||||||||
| 0.140%, 01/10/22 |
7,000,000 | 7,000,000 | ||||||
| 0.150%, 01/11/22 |
5,000,000 | 5,000,140 | ||||||
| National Australia Bank, Ltd. |
5,000,000 | 4,999,750 | ||||||
| Natixis S.A. (New York) |
3,000,000 | 3,000,459 | ||||||
| Oversea-Chinese Banking Corp., Ltd. |
5,000,000 | 5,000,270 | ||||||
| Royal Bank of Canada New York |
1,000,000 | 1,000,011 | ||||||
| Certificates of Deposit—(Continued) | ||||||||
| Societe Generale |
7,000,000 | 6,999,678 | ||||||
| Standard Chartered Bank (NY) |
4,000,000 | 4,000,000 | ||||||
| Sumitomo Mitsui Banking Corp. | ||||||||
| 0.142%, 1M LIBOR + 0.060%, 12/17/21 (d) |
5,000,000 | 5,000,120 | ||||||
| 0.150%, SOFR + 0.100%, 03/15/22 (d) |
5,000,000 | 4,999,565 | ||||||
| Sumitomo Mitsui Trust Bank, Ltd. | ||||||||
| Zero Coupon, 03/15/22 |
5,000,000 | 4,996,250 | ||||||
| Zero Coupon, 03/21/22 |
3,000,000 | 2,997,540 | ||||||
| 0.060%, 10/05/21 |
5,000,000 | 4,999,970 | ||||||
|
|
|
|||||||
| 122,002,293 | ||||||||
|
|
|
|||||||
| Commercial Paper—0.7% | ||||||||
| Antalis S.A. | ||||||||
| 0.120%, 12/01/21 |
3,000,000 | 2,999,145 | ||||||
| 0.130%, 10/15/21 |
3,000,000 | 2,999,838 | ||||||
| Bedford Row Funding Corp. |
3,000,000 | 3,000,183 | ||||||
| UBS AG |
5,000,000 | 4,995,363 | ||||||
|
|
|
|||||||
| 13,994,529 | ||||||||
|
|
|
|||||||
| Repurchase Agreements—9.1% | ||||||||
| Barclays Bank plc |
500,000 | 500,000 | ||||||
| Barclays Capital, Inc. |
40,086,557 | 40,086,557 | ||||||
| BofA Securities, Inc. | ||||||||
| Repurchase Agreement dated 09/30/21 at 0.170%, due on 10/01/21 with a maturity value of $25,000,118; collateralized by U.S. Treasury Obligations with rates ranging from 0.000% - 6.750%, maturity dates ranging from 10/28/21 - 11/15/39, and various Common Stock with an aggregate market value of $25,744,726. |
25,000,000 | 25,000,000 | ||||||
| Repurchase Agreement dated 09/30/21 at 0.350%, due on 11/04/21 with a maturity value of $3,001,021; collateralized by U.S. Treasury Obligations with rates ranging from 0.000% - 4.375%, maturity dates ranging from 10/21/21 - 08/15/48, and various Common Stock with an aggregate market value of $3,125,172. |
3,000,000 | $ | 3,000,000 | |||||
| Citigroup Global Markets Ltd. |
20,000,000 | 20,000,000 | ||||||
BHFTI-373
Brighthouse Funds Trust I
TCW Core Fixed Income Portfolio
Schedule of Investments as of September 30, 2021 (Unaudited)
Securities Lending Reinvestments (g)—(Continued)
| Security Description | Principal Amount* |
Value | ||||||
| Repurchase Agreements—(Continued) | ||||||||
| Deutsche Bank AG, London |
9,800,000 | $ | 9,800,000 | |||||
| Morgan Stanley |
8,000,000 | 8,000,000 | ||||||
| National Bank of Canada |
5,000,000 | 5,000,000 | ||||||
| NBC Global Finance, Ltd. |
2,500,000 | 2,500,000 | ||||||
| Royal Bank of Canada Toronto |
5,000,000 | 5,000,000 | ||||||
| Societe Generale | ||||||||
| Repurchase Agreement dated 09/30/21 at 0.050%, due on 10/01/21 with a maturity value of $35,140,049; collateralized by U.S. Treasury Obligations with rates ranging from 0.000% - 6.750%, maturity dates ranging from 10/21/21 - 02/15/49, and an aggregate market value of $35,844,593. |
35,140,000 | 35,140,000 | ||||||
| Repurchase Agreement dated 09/30/21 at 0.170%, due on 10/01/21 with a maturity value of $35,050,166; collateralized by various Common Stock with an aggregate market value of $38,945,217. |
35,050,000 | 35,050,000 | ||||||
|
|
|
|||||||
| 189,076,557 | ||||||||
|
|
|
|||||||
| Time Deposits—3.8% | ||||||||
| ABN AMRO Bank NV |
14,000,000 | 14,000,000 | ||||||
| DZ Bank AG |
8,000,000 | 8,000,000 | ||||||
| First Abu Dhabi Bank USA NV |
10,000,000 | 10,000,000 | ||||||
| Landesbank Baden-Wuettertemberg (London) |
4,500,000 | 4,500,000 | ||||||
| National Bank of Canada |
5,000,000 | 5,000,000 | ||||||
| Nordea Bank ABP (NY) |
15,000,000 | 15,000,000 | ||||||
| Skandi New York |
7,000,000 | 7,000,000 | ||||||
| Time Deposits—(Continued) | ||||||||
| Svenska Handelsbanken (NY) |
15,000,000 | $ | 15,000,000 | |||||
|
|
|
|||||||
| 78,500,000 | ||||||||
|
|
|
|||||||
| Mutual Funds—0.7% | ||||||||
| STIT-Government & Agency Portfolio, Institutional Class |
15,000,000 | 15,000,000 | ||||||
|
|
|
|||||||
| Total Securities Lending Reinvestments |
418,573,379 | |||||||
|
|
|
|||||||
| Total Investments—140.4% |
2,902,194,015 | |||||||
| Other assets and liabilities (net)—(40.4)% |
(834,461,991 | ) | ||||||
|
|
|
|||||||
| Net Assets—100.0% | $ | 2,067,732,024 | ||||||
|
|
|
|||||||
| * | Principal amount stated in U.S. dollars unless otherwise noted. | |||
| (a) | TBA (To Be Announced) Securities are purchased on a forward commitment basis with an approximate principal amount and no defined maturity date. The actual principal and maturity date will be determined upon settlement date. | |||
| (b) | All or a portion of the security was held on loan. As of September 30, 2021, the market value of securities loaned was $406,449,341 and the collateral received consisted of cash in the amount of $418,557,805 and non-cash collateral with a value of $2,195,835. The cash collateral investments are disclosed in the Schedule of Investments and categorized as Securities Lending Reinvestments. The non-cash collateral received consists of U.S. government securities that are held in safe-keeping by the lending agent, or a third-party custodian, and cannot be sold or repledged by the Portfolio. | |||
| (c) | Principal amount of security is adjusted for inflation. | |||
| (d) | Variable or floating rate security. The stated rate represents the rate at September 30, 2021. Maturity date shown for callable securities reflects the earliest possible call date. For securities based on a published reference index and spread, the index and spread are indicated in the description above. For certain variable rate securities, the coupon rate is determined by the issuer/agent based on current market conditions. For certain asset- and mortgage-backed securities, the coupon rate may fluctuate based on changes of the underlying collateral or prepayments of principal. These securities do not indicate a reference index and spread in their description above. | |||
| (e) | The rate shown represents the annualized seven-day yield as of September 30, 2021. | |||
| (f) | The rate shown represents current yield to maturity. | |||
| (g) | Represents investment of cash collateral received from securities on loan as of September 30, 2021. | |||
| (144A)— | Securities exempt from registration under Rule 144A of the Securities Act of 1933. These securities may be resold in transactions exempt from registration, normally to qualified institutional buyers. As of September 30, 2021, the market value of 144A securities was $290,470,349, which is 14.0% of net assets. |
BHFTI-374
Brighthouse Funds Trust I
TCW Core Fixed Income Portfolio
Schedule of Investments as of September 30, 2021 (Unaudited)
Futures Contracts
| Futures Contracts—Long |
Expiration Date |
Number of Contracts |
Notional Value |
Value/ Unrealized Appreciation/ (Depreciation) |
||||||||||||||||
| U.S. Treasury Note Ultra 10 Year Futures |
12/21/21 | 1 | USD | 145,250 | $ | (2,867 | ) | |||||||||||||
| Futures Contracts—Short |
||||||||||||||||||||
| U.S. Treasury Note 2 Year Futures |
12/31/21 | (140 | ) | USD | (30,807,656 | ) | 26,654 | |||||||||||||
|
|
|
|||||||||||||||||||
| Net Unrealized Appreciation |
|
$ | 23,787 | |||||||||||||||||
|
|
|
|||||||||||||||||||
Swap Agreements
Centrally Cleared Interest Rate Swaps
| Pay/Receive |
Floating Rate Index |
Payment Frequency |
Fixed Rate |
Payment |
Maturity Date |
Notional Amount |
Market Value |
Upfront Premiums Paid/ (Received) |
Unrealized Appreciation/ (Depreciation)(1) |
|||||||||||||||||||||||||
| Pay |
3M LIBOR | Quarterly | 1.026% | Semi-Annually | 07/24/25 | USD | 47,170,000 | $ | (278,992 | ) | $ | — | $ | (278,992 | ) | |||||||||||||||||||
| Pay |
3M LIBOR | Quarterly | 1.034% | Semi-Annually | 07/24/25 | USD | 34,890,000 | (200,865 | ) | — | (200,865 | ) | ||||||||||||||||||||||
| Pay |
3M LIBOR | Quarterly | 1.073% | Semi-Annually | 07/24/25 | USD | 23,585,000 | (117,675 | ) | — | (117,675 | ) | ||||||||||||||||||||||
| Pay |
3M LIBOR | Quarterly | 1.390% | Semi-Annually | 09/28/25 | USD | 54,410,000 | (14,946 | ) | — | (14,946 | ) | ||||||||||||||||||||||
| Receive |
3M LIBOR | Semi-Annually | 1.773% | Quarterly | 07/24/53 | USD | 3,940,000 | 179,500 | — | 179,500 | ||||||||||||||||||||||||
| Receive |
3M LIBOR | Semi-Annually | 1.785% | Quarterly | 07/24/53 | USD | 2,915,000 | 124,262 | — | 124,262 | ||||||||||||||||||||||||
| Receive |
3M LIBOR | Semi-Annually | 1.808% | Quarterly | 07/24/53 | USD | 1,970,000 | 73,589 | — | 73,589 | ||||||||||||||||||||||||
| Receive |
3M LIBOR | Semi-Annually | 1.870% | Quarterly | 09/28/53 | USD | 4,645,000 | 112,853 | — | 112,853 | ||||||||||||||||||||||||
|
|
|
|
|
|
|
|||||||||||||||||||||||||||||
| Totals |
|
$ | (122,274 | ) | $ | — | $ | (122,274 | ) | |||||||||||||||||||||||||
|
|
|
|
|
|
|
|||||||||||||||||||||||||||||
| (1) | There is no upfront payment premium paid or (received) therefore the market value equals unrealized appreciation. |
Glossary of Abbreviations
Currencies
| (USD)— | United States Dollar |
Index Abbreviations
| (BSBY)— | Bloomberg Short-Term Bank Yield Index | |||
| (H15)— | U.S. Treasury Yield Curve Rate T-Note Constant Maturity Index | |||
| (LIBOR)— | London Interbank Offered Rate | |||
| (OBFR)— | U.S. Overnight Bank Funding Rate | |||
| (SOFR)— | Secured Overnight Financing Rate | |||
Other Abbreviations
| (CLO)— | Collateralized Loan Obligation | |||
| (CMO)— | Collateralized Mortgage Obligation | |||
| (REMIC)— | Real Estate Mortgage Investment Conduit | |||
BHFTI-375
Brighthouse Funds Trust I
TCW Core Fixed Income Portfolio
Schedule of Investments as of September 30, 2021 (Unaudited)
Fair Value Hierarchy
Accounting principles generally accepted in the United States of America (“GAAP”) define fair market value as the price that the Portfolio would receive to sell an asset or pay to transfer a liability in an orderly transaction between market participants at the measurement date. It establishes a fair value hierarchy that prioritizes inputs to valuation methods and requires disclosure of the fair value hierarchy, separately for each major category of assets and liabilities, that segregates fair value measurements into three levels. Levels 1, 2 and 3 of the fair value hierarchy are defined as follows:
Level 1 - unadjusted quoted prices in active markets for identical investments
Level 2 - other significant observable inputs (including, but not limited to, quoted prices for similar assets or liabilities in markets that are either active or inactive; inputs other than quoted prices that are observable such as interest rates, yield curves, volatilities, prepayment speeds, loss severities, credit risks, default rates, or other market corroborated inputs)
Level 3 - significant unobservable inputs based on the best information available in the circumstances, to the extent observable inputs are unavailable (including the Portfolio’s own assumptions used in determining the fair value of investments and derivative financial instruments)
The inputs or methodologies used for valuing investments are not necessarily an indication of the risk associated with investing in them. Changes to the inputs or methodologies used may result in transfers between levels. A reconciliation of Level 3 securities, if any, will be disclosed following the fair value hierarchy table. For more information about the Portfolio’s policy regarding the valuation of investments, please refer to the Notes to Schedule of Investments.
The following table summarizes the fair value hierarchy of the Portfolio’s investments as of September 30, 2021:
| Description | Level 1 | Level 2 | Level 3 | Total | ||||||||||||
| Total U.S. Treasury & Government Agencies* |
$ | — | $ | 1,469,514,544 | $ | — | $ | 1,469,514,544 | ||||||||
| Total Corporate Bonds & Notes* |
— | 477,379,540 | — | 477,379,540 | ||||||||||||
| Total Asset-Backed Securities* |
— | 176,451,715 | — | 176,451,715 | ||||||||||||
| Total Mortgage-Backed Securities* |
— | 100,189,768 | — | 100,189,768 | ||||||||||||
| Total Municipals* |
— | 10,848,432 | — | 10,848,432 | ||||||||||||
| Short-Term Investments |
| |||||||||||||||
| Mutual Funds |
8,006,447 | — | — | 8,006,447 | ||||||||||||
| U.S. Treasury |
— | 241,230,190 | — | 241,230,190 | ||||||||||||
| Total Short-Term Investments |
8,006,447 | 241,230,190 | — | 249,236,637 | ||||||||||||
| Securities Lending Reinvestments |
| |||||||||||||||
| Certificates of Deposit |
— | 122,002,293 | — | 122,002,293 | ||||||||||||
| Commercial Paper |
— | 13,994,529 | — | 13,994,529 | ||||||||||||
| Repurchase Agreements |
— | 189,076,557 | — | 189,076,557 | ||||||||||||
| Time Deposits |
— | 78,500,000 | — | 78,500,000 | ||||||||||||
| Mutual Funds |
15,000,000 | — | — | 15,000,000 | ||||||||||||
| Total Securities Lending Reinvestments |
15,000,000 | 403,573,379 | — | 418,573,379 | ||||||||||||
| Total Investments |
$ | 23,006,447 | $ | 2,879,187,568 | $ | — | $ | 2,902,194,015 | ||||||||
| Collateral for Securities Loaned (Liability) |
$ | — | $ | (418,557,805 | ) | $ | — | $ | (418,557,805 | ) | ||||||
| Futures Contracts |
| |||||||||||||||
| Futures Contracts (Unrealized Appreciation) |
$ | 26,654 | $ | — | $ | — | $ | 26,654 | ||||||||
| Futures Contracts (Unrealized Depreciation) |
(2,867 | ) | — | — | (2,867 | ) | ||||||||||
| Total Futures Contracts |
$ | 23,787 | $ | — | $ | — | $ | 23,787 | ||||||||
| Centrally Cleared Swap Contracts |
| |||||||||||||||
| Centrally Cleared Swap Contracts (Unrealized Appreciation) |
$ | — | $ | 490,204 | $ | — | $ | 490,204 | ||||||||
| Centrally Cleared Swap Contracts (Unrealized Depreciation) |
— | (612,478 | ) | — | (612,478 | ) | ||||||||||
| Total Centrally Cleared Swap Contracts |
$ | — | $ | (122,274 | ) | $ | — | $ | (122,274 | ) | ||||||
| * | See Schedule of Investments for additional detailed categorizations. |
BHFTI-376
Brighthouse Funds Trust I
Victory Sycamore Mid Cap Value Portfolio
Schedule of Investments as of September 30, 2021 (Unaudited)
Common Stocks—97.4% of Net Assets
| Security Description | Shares | Value | ||||||
| Aerospace & Defense—2.4% | ||||||||
| Textron, Inc. |
361,000 | $ | 25,201,410 | |||||
|
|
|
|||||||
| Airlines—1.6% | ||||||||
| Alaska Air Group, Inc. (a) |
290,000 | 16,994,000 | ||||||
|
|
|
|||||||
| Auto Components—3.2% | ||||||||
| Aptiv plc (a) |
83,300 | 12,409,201 | ||||||
| BorgWarner, Inc. (b) |
494,300 | 21,358,703 | ||||||
|
|
|
|||||||
| 33,767,904 | ||||||||
|
|
|
|||||||
| Banks—4.7% | ||||||||
| Huntington Bancshares, Inc. (b) |
935,300 | 14,459,738 | ||||||
| Prosperity Bancshares, Inc. |
191,100 | 13,592,943 | ||||||
| Zions Bancorp N.A. (b) |
343,000 | 21,228,270 | ||||||
|
|
|
|||||||
| 49,280,951 | ||||||||
|
|
|
|||||||
| Building Products—1.0% | ||||||||
| Owens Corning |
129,400 | 11,063,700 | ||||||
|
|
|
|||||||
| Capital Markets—1.6% | ||||||||
| Bank of New York Mellon Corp. (The) |
316,000 | 16,381,440 | ||||||
|
|
|
|||||||
| Chemicals—5.3% | ||||||||
| Corteva, Inc. |
265,000 | 11,151,200 | ||||||
| Eastman Chemical Co. |
110,000 | 11,081,400 | ||||||
| International Flavors & Fragrances, Inc. |
116,800 | 15,618,496 | ||||||
| Westlake Chemical Corp. |
202,500 | 18,455,850 | ||||||
|
|
|
|||||||
| 56,306,946 | ||||||||
|
|
|
|||||||
| Commercial Services & Supplies—1.0% | ||||||||
| Republic Services, Inc. |
85,500 | 10,265,130 | ||||||
|
|
|
|||||||
| Communications Equipment—1.0% | ||||||||
| Motorola Solutions, Inc. (b) |
45,800 | 10,640,256 | ||||||
|
|
|
|||||||
| Containers & Packaging—4.1% | ||||||||
| AptarGroup, Inc. |
71,500 | 8,533,525 | ||||||
| Avery Dennison Corp. |
79,000 | 16,369,590 | ||||||
| Packaging Corp. of America |
133,000 | 18,279,520 | ||||||
|
|
|
|||||||
| 43,182,635 | ||||||||
|
|
|
|||||||
| Electric Utilities—2.4% | ||||||||
| Alliant Energy Corp. |
254,000 | 14,218,920 | ||||||
| Xcel Energy, Inc. |
180,000 | 11,250,000 | ||||||
|
|
|
|||||||
| 25,468,920 | ||||||||
|
|
|
|||||||
| Electrical Equipment—2.6% | ||||||||
| Hubbell, Inc. (b) |
87,300 | 15,772,491 | ||||||
| Vertiv Holdings Co. (b) |
505,000 | 12,165,450 | ||||||
|
|
|
|||||||
| 27,937,941 | ||||||||
|
|
|
|||||||
| Electronic Equipment, Instruments & Components—2.6% | ||||||||
| Amphenol Corp. - Class A (b) |
168,300 | 12,324,609 | ||||||
| Electronic Equipment, Instruments & Components—(Continued) | ||||||||
| Flex, Ltd. (a) |
850,000 | 15,028,000 | ||||||
|
|
|
|||||||
| 27,352,609 | ||||||||
|
|
|
|||||||
| Equity Real Estate Investment Trusts—9.2% | ||||||||
| Alexandria Real Estate Equities, Inc. (b) |
70,000 | 13,374,900 | ||||||
| American Homes 4 Rent - Class A |
326,000 | 12,427,120 | ||||||
| Americold Realty Trust (b) |
251,500 | 7,306,075 | ||||||
| Camden Property Trust |
89,400 | 13,183,818 | ||||||
| Equity LifeStyle Properties, Inc. |
167,600 | 13,089,560 | ||||||
| Highwoods Properties, Inc. |
228,900 | 10,039,554 | ||||||
| Lamar Advertising Co. - Class A (b) |
128,100 | 14,532,945 | ||||||
| National Retail Properties, Inc. (b) |
312,000 | 13,475,280 | ||||||
|
|
|
|||||||
| 97,429,252 | ||||||||
|
|
|
|||||||
| Food & Staples Retailing—1.8% | ||||||||
| Sysco Corp. |
244,200 | 19,169,700 | ||||||
|
|
|
|||||||
| Food Products—5.7% | ||||||||
| Archer-Daniels-Midland Co. |
353,400 | 21,207,534 | ||||||
| Hershey Co. (The) |
111,500 | 18,871,375 | ||||||
| Tyson Foods, Inc. - Class A |
249,000 | 19,656,060 | ||||||
|
|
|
|||||||
| 59,734,969 | ||||||||
|
|
|
|||||||
| Health Care Equipment & Supplies—3.2% | ||||||||
| Cooper Cos., Inc. (The) (b) |
36,600 | 15,127,146 | ||||||
| Hill-Rom Holdings, Inc. |
125,300 | 18,795,000 | ||||||
|
|
|
|||||||
| 33,922,146 | ||||||||
|
|
|
|||||||
| Health Care Providers & Services—2.4% | ||||||||
| Molina Healthcare, Inc. (a) |
27,200 | 7,379,632 | ||||||
| Quest Diagnostics, Inc. |
122,000 | 17,727,820 | ||||||
|
|
|
|||||||
| 25,107,452 | ||||||||
|
|
|
|||||||
| Hotels, Restaurants & Leisure—2.1% | ||||||||
| Las Vegas Sands Corp. (a) |
100,600 | 3,681,960 | ||||||
| Yum! Brands, Inc. |
151,200 | 18,493,272 | ||||||
|
|
|
|||||||
| 22,175,232 | ||||||||
|
|
|
|||||||
| Household Durables—0.8% | ||||||||
| Newell Brands, Inc. (b) |
391,600 | 8,670,024 | ||||||
|
|
|
|||||||
| Insurance—7.9% | ||||||||
| Alleghany Corp. (a) |
33,900 | 21,167,499 | ||||||
| American Financial Group, Inc. |
163,300 | 20,548,039 | ||||||
| Everest Re Group, Ltd. |
66,400 | 16,651,792 | ||||||
| Old Republic International Corp. |
303,900 | 7,029,207 | ||||||
| W.R. Berkley Corp. |
251,500 | 18,404,770 | ||||||
|
|
|
|||||||
| 83,801,307 | ||||||||
|
|
|
|||||||
| IT Services—4.4% | ||||||||
| DXC Technology Co. (a) |
387,900 | 13,037,319 | ||||||
| Genpact, Ltd. |
366,200 | 17,398,162 | ||||||
| MAXIMUS, Inc. (b) |
195,000 | 16,224,000 | ||||||
|
|
|
|||||||
| 46,659,481 | ||||||||
|
|
|
|||||||
BHFTI-377
Brighthouse Funds Trust I
Victory Sycamore Mid Cap Value Portfolio
Schedule of Investments as of September 30, 2021 (Unaudited)
Common Stocks—(Continued)
| Security Description | Shares |
Value | ||||||
| Machinery—8.1% | ||||||||
| AGCO Corp. (b) |
124,400 | $ | 15,242,732 | |||||
| Lincoln Electric Holdings, Inc. (b) |
74,000 | 9,530,460 | ||||||
| Middleby Corp. (The) (a) (b) |
92,800 | 15,823,328 | ||||||
| Oshkosh Corp. |
120,000 | 12,284,400 | ||||||
| Parker-Hannifin Corp. |
50,300 | 14,064,886 | ||||||
| Toro Co. (The) |
135,000 | 13,150,350 | ||||||
| Xylem, Inc. |
46,100 | 5,701,648 | ||||||
|
|
|
|||||||
| 85,797,804 | ||||||||
|
|
|
|||||||
| Media—1.1% | ||||||||
| Interpublic Group of Cos., Inc. (The) (b) |
314,700 | 11,540,049 | ||||||
|
|
|
|||||||
| Metals & Mining—2.3% | ||||||||
| Reliance Steel & Aluminum Co. |
89,700 | 12,775,074 | ||||||
| Steel Dynamics, Inc. (b) |
190,300 | 11,128,744 | ||||||
|
|
|
|||||||
| 23,903,818 | ||||||||
|
|
|
|||||||
| Oil, Gas & Consumable Fuels—5.0% | ||||||||
| Cimarex Energy Co. |
183,700 | 16,018,640 | ||||||
| Devon Energy Corp. |
555,600 | 19,729,356 | ||||||
| Valero Energy Corp. (b) |
240,000 | 16,936,800 | ||||||
|
|
|
|||||||
| 52,684,796 | ||||||||
|
|
|
|||||||
| Professional Services—2.6% | ||||||||
| Leidos Holdings, Inc. |
155,400 | 14,938,602 | ||||||
| ManpowerGroup, Inc. |
110,900 | 12,008,252 | ||||||
|
|
|
|||||||
| 26,946,854 | ||||||||
|
|
|
|||||||
| Road & Rail—2.9% | ||||||||
| J.B. Hunt Transport Services, Inc. |
90,200 | 15,083,244 | ||||||
| Landstar System, Inc. (b) |
95,000 | 14,992,900 | ||||||
|
|
|
|||||||
| 30,076,144 | ||||||||
|
|
|
|||||||
| Specialty Retail—1.1% | ||||||||
| Ross Stores, Inc. (b) |
110,300 | 12,006,155 | ||||||
|
|
|
|||||||
| Technology Hardware, Storage & Peripherals—1.0% | ||||||||
| Hewlett Packard Enterprise Co. (b) |
704,800 | 10,043,400 | ||||||
|
|
|
|||||||
| Textiles, Apparel & Luxury Goods—1.2% | ||||||||
| VF Corp. |
184,600 | 12,366,354 | ||||||
|
|
|
|||||||
| Trading Companies & Distributors—1.1% | ||||||||
| United Rentals, Inc. (a) |
33,100 | 11,615,783 | ||||||
|
|
|
|||||||
| Total Common Stocks |
1,027,494,562 | |||||||
|
|
|
|||||||
| Short-Term Investment—2.5% |
| |||||||
| Security Description | Principal Amount* |
Value | ||||||
| Repurchase Agreement—2.5% | ||||||||
| Fixed Income Clearing Corp. |
26,034,976 | $ | 26,034,976 | |||||
|
|
|
|||||||
| Total Short-Term Investments |
26,034,976 | |||||||
|
|
|
|||||||
| Securities Lending Reinvestments (c)—10.3% |
| |||||||
| Certificates of Deposit—2.5% | ||||||||
| Bank of Montreal (Chicago) |
1,000,000 | 999,982 | ||||||
| Barclays Bank plc |
4,000,000 | 4,002,308 | ||||||
| Cooperatieve Rabobank UA |
3,000,000 | 3,000,420 | ||||||
| 0.170%, 03/18/22 |
2,000,000 | 2,000,000 | ||||||
| Goldman Sachs Bank USA |
4,000,000 | 4,000,280 | ||||||
| MUFG Bank Ltd. |
2,000,000 | 2,000,056 | ||||||
| Oversea-Chinese Banking Corp., Ltd. |
1,000,000 | 1,000,054 | ||||||
| Societe Generale |
2,000,000 | 1,999,908 | ||||||
| Sumitomo Mitsui Banking Corp. |
5,000,000 | 4,999,565 | ||||||
| Sumitomo Mitsui Trust Bank, Ltd. |
2,000,000 | 1,999,988 | ||||||
|
|
|
|||||||
| 26,002,561 | ||||||||
|
|
|
|||||||
| Commercial Paper—0.2% | ||||||||
| UBS AG |
2,000,000 | 1,998,145 | ||||||
|
|
|
|||||||
| Repurchase Agreements—6.2% | ||||||||
| Barclays Bank plc |
2,000,000 | 2,000,000 | ||||||
| Repurchase Agreement dated 09/30/21 at 0.350%, due on 11/04/21 with a maturity value of $1,500,510; collateralized by various Common Stock with an aggregate market value of $1,667,007. |
1,500,000 | 1,500,000 | ||||||
| Barclays Capital, Inc. |
8,265,125 | 8,265,125 | ||||||
BHFTI-378
Brighthouse Funds Trust I
Victory Sycamore Mid Cap Value Portfolio
Schedule of Investments as of September 30, 2021 (Unaudited)
Securities Lending Reinvestments (c)—(Continued)
| Security Description | Principal Amount* |
Value | ||||||
| Repurchase Agreements—(Continued) | ||||||||
| Cantor Fitzgerald & Co. |
5,000,000 | $ | 5,000,000 | |||||
| CF Secured LLC |
12,000,000 | 12,000,000 | ||||||
| Citigroup Global Markets, Inc. |
2,000,000 | 2,000,000 | ||||||
| Repurchase Agreement dated 09/30/21 at 0.420%, due on 11/04/21 with a maturity value of $3,001,225; collateralized by various Common Stock with an aggregate market value of $3,300,000. |
3,000,000 | 3,000,000 | ||||||
| Deutsche Bank AG, London |
1,700,000 | 1,700,000 | ||||||
| Morgan Stanley |
2,000,000 | 2,000,000 | ||||||
| National Bank of Canada |
15,000,000 | 15,000,000 | ||||||
| NBC Global Finance, Ltd. |
600,000 | 600,000 | ||||||
| Societe Generale |
1,200,000 | 1,200,000 | ||||||
| Repurchase Agreements—(Continued) | ||||||||
| Societe Generale |
10,000,000 | 10,000,000 | ||||||
| Repurchase Agreement dated 09/30/21 at 0.200%, due on 10/07/21 with a maturity value of $1,544,776; collateralized by various Common Stock with an aggregate market value of $1,716,385. |
1,544,715 | 1,544,715 | ||||||
|
|
|
|||||||
| 65,809,840 | ||||||||
|
|
|
|||||||
| Time Deposits—0.5% | ||||||||
| First Abu Dhabi Bank USA NV |
1,000,000 | 1,000,000 | ||||||
| Landesbank Baden-Wuettertemberg (London) |
1,100,000 | 1,100,000 | ||||||
| National Bank of Canada |
1,000,000 | 1,000,000 | ||||||
| Skandi New York |
2,000,000 | 2,000,000 | ||||||
|
|
|
|||||||
| 5,100,000 | ||||||||
|
|
|
|||||||
| Mutual Funds—0.9% | ||||||||
| BlackRock Liquidity Funds FedFund, Institutional Shares |
5,000,000 | 5,000,000 | ||||||
| Goldman Sachs Financial Square Government Fund, Institutional Shares 0.030% (e) |
5,000,000 | 5,000,000 | ||||||
|
|
|
|||||||
| 10,000,000 | ||||||||
|
|
|
|||||||
| Total Securities Lending Reinvestments |
108,910,546 | |||||||
|
|
|
|||||||
| Total Investments— 110.2% |
1,162,440,084 | |||||||
| Other assets and liabilities (net)—(10.2)% |
(107,259,444 | ) | ||||||
|
|
|
|||||||
| Net Assets—100.0% | $ | 1,055,180,640 | ||||||
|
|
|
|||||||
| * | Principal amount stated in U.S. dollars unless otherwise noted. | |||
| (a) | Non-income producing security. | |||
| (b) | All or a portion of the security was held on loan. As of September 30, 2021, the market value of securities loaned was $104,332,704 and the collateral received consisted of cash in the amount of $108,906,213 The cash collateral investments are disclosed in the Schedule of Investments and categorized as Securities Lending Reinvestments. | |||
| (c) | Represents investment of cash collateral received from securities on loan as of September 30, 2021. | |||
| (d) | Variable or floating rate security. The stated rate represents the rate at September 30, 2021. Maturity date shown for callable securities reflects the earliest possible call date. For securities based on a published reference index and spread, the index and spread are indicated in the description above. For certain variable rate securities, the coupon rate is determined by the issuer/agent based on current market conditions. For certain asset- and mortgage-backed securities, the coupon rate may fluctuate based on changes of the underlying collateral or prepayments of principal. These securities do not indicate a reference index and spread in their description above. | |||
| (e) | The rate shown represents the annualized seven-day yield as of September 30, 2021. | |||
BHFTI-379
Brighthouse Funds Trust I
Victory Sycamore Mid Cap Value Portfolio
Schedule of Investments as of September 30, 2021 (Unaudited)
Glossary of Abbreviations
Index Abbreviations
| (BSBY)— | Bloomberg Short-Term Bank Yield Index | |||
| (LIBOR)— | London Interbank Offered Rate | |||
| (OBFR)— | U.S. Overnight Bank Funding Rate | |||
| (SOFR)— | Secured Overnight Financing Rate | |||
Fair Value Hierarchy
Accounting principles generally accepted in the United States of America (“GAAP”) define fair market value as the price that the Portfolio would receive to sell an asset or pay to transfer a liability in an orderly transaction between market participants at the measurement date. It establishes a fair value hierarchy that prioritizes inputs to valuation methods and requires disclosure of the fair value hierarchy, separately for each major category of assets and liabilities, that segregates fair value measurements into three levels. Levels 1, 2 and 3 of the fair value hierarchy are defined as follows:
Level 1 - unadjusted quoted prices in active markets for identical investments
Level 2 - other significant observable inputs (including, but not limited to, quoted prices for similar assets or liabilities in markets that are either active or inactive; inputs other than quoted prices that are observable such as interest rates, yield curves, volatilities, prepayment speeds, loss severities, credit risks, default rates, or other market corroborated inputs)
Level 3 - significant unobservable inputs based on the best information available in the circumstances, to the extent observable inputs are unavailable (including the Portfolio’s own assumptions used in determining the fair value of investments and derivative financial instruments)
The inputs or methodologies used for valuing investments are not necessarily an indication of the risk associated with investing in them. Changes to the inputs or methodologies used may result in transfers between levels. A reconciliation of Level 3 securities, if any, will be disclosed following the fair value hierarchy table. For more information about the Portfolio’s policy regarding the valuation of investments, please refer to the Notes to Schedule of Investments.
The following table summarizes the fair value hierarchy of the Portfolio’s investments as of September 30, 2021:
| Description | Level 1 | Level 2 | Level 3 | Total | ||||||||||||
| Total Common Stocks* |
$ | 1,027,494,562 | $ | — | $ | — | $ | 1,027,494,562 | ||||||||
| Total Short-Term Investment* |
— | 26,034,976 | — | 26,034,976 | ||||||||||||
| Securities Lending Reinvestments |
| |||||||||||||||
| Certificates of Deposit |
— | 26,002,561 | — | 26,002,561 | ||||||||||||
| Commercial Paper |
— | 1,998,145 | — | 1,998,145 | ||||||||||||
| Repurchase Agreements |
— | 65,809,840 | — | 65,809,840 | ||||||||||||
| Time Deposits |
— | 5,100,000 | — | 5,100,000 | ||||||||||||
| Mutual Funds |
10,000,000 | — | — | 10,000,000 | ||||||||||||
| Total Securities Lending Reinvestments |
10,000,000 | 98,910,546 | — | 108,910,546 | ||||||||||||
| Total Investments |
$ | 1,037,494,562 | $ | 124,945,522 | $ | — | $ | 1,162,440,084 | ||||||||
| Collateral for Securities Loaned (Liability) |
$ | — | $ | (108,906,213 | ) | $ | — | $ | (108,906,213 | ) | ||||||
| * | See Schedule of Investments for additional detailed categorizations. | |||||||
BHFTI-380
Brighthouse Funds Trust I
Western Asset Management Government Income Portfolio
Schedule of Investments as of September 30, 2021 (Unaudited)
U.S. Treasury & Government Agencies—84.3% of Net Assets
| Security Description | Principal Amount* |
Value | ||||||
| Agency Sponsored Mortgage - Backed—22.4% | ||||||||
| Fannie Mae 15 Yr. Pool | ||||||||
| 3.000%, 06/01/32 |
76,536 | $ | 80,865 | |||||
| 3.000%, 10/01/32 |
7,889 | 8,336 | ||||||
| 3.000%, 02/01/33 |
2,738,337 | 2,890,071 | ||||||
| 3.000%, 03/01/33 |
381,870 | 403,677 | ||||||
| 3.000%, 04/01/33 |
305,412 | 322,653 | ||||||
| 3.000%, 05/01/33 |
160,681 | 169,714 | ||||||
| 3.000%, 06/01/33 |
47,289 | 49,878 | ||||||
| 3.000%, 07/01/33 |
287,725 | 303,747 | ||||||
| 3.000%, 08/01/33 |
1,325,784 | 1,399,679 | ||||||
| 3.000%, 10/01/33 |
252,801 | 266,935 | ||||||
| 3.000%, 11/01/33 |
189,016 | 199,405 | ||||||
| 3.000%, 12/01/33 |
101,798 | 107,385 | ||||||
| 3.000%, 01/01/34 |
103,165 | 108,667 | ||||||
| 3.000%, 02/01/34 |
160,335 | 169,087 | ||||||
| 3.000%, 03/01/34 |
405,066 | 427,300 | ||||||
| 3.000%, 05/01/34 |
204,376 | 215,625 | ||||||
| 4.500%, 12/01/23 |
391 | 409 | ||||||
| 5.000%, 03/01/23 |
822 | 856 | ||||||
| Fannie Mae 20 Yr. Pool | ||||||||
| 3.500%, 07/01/32 |
1,523,667 | 1,631,641 | ||||||
| 3.500%, 01/01/34 |
966,712 | 1,046,529 | ||||||
| 4.000%, 11/01/31 |
633,221 | 687,723 | ||||||
| 4.000%, 08/01/32 |
511,057 | 556,181 | ||||||
| Fannie Mae 30 Yr. Pool | ||||||||
| 2.000%, 01/01/51 |
187,398 | 188,559 | ||||||
| 2.000%, 02/01/51 |
486,352 | 488,695 | ||||||
| 2.000%, 03/01/51 |
97,038 | 97,721 | ||||||
| 2.000%, 04/01/51 |
194,103 | 195,029 | ||||||
| 2.500%, 11/01/50 |
94,085 | 97,897 | ||||||
| 2.500%, 02/01/51 |
93,888 | 97,613 | ||||||
| 2.500%, 06/01/51 |
988,997 | 1,034,738 | ||||||
| 3.000%, 09/01/42 |
1,097,557 | 1,171,635 | ||||||
| 3.000%, 10/01/42 |
945,238 | 1,004,924 | ||||||
| 3.000%, 11/01/42 |
1,834,536 | 1,957,966 | ||||||
| 3.000%, 08/01/46 |
177,623 | 189,534 | ||||||
| 3.000%, 09/01/46 |
540,414 | 575,919 | ||||||
| 3.000%, 10/01/46 |
220,752 | 235,220 | ||||||
| 3.000%, 11/01/48 |
462,737 | 488,282 | ||||||
| 3.000%, 09/01/49 |
813,295 | 862,513 | ||||||
| 3.000%, 11/01/49 |
187,045 | 196,195 | ||||||
| 3.000%, 02/01/50 |
376,179 | 397,713 | ||||||
| 3.000%, 03/01/50 |
625,074 | 676,608 | ||||||
| 3.000%, 04/01/50 |
1,138,006 | 1,207,019 | ||||||
| 3.000%, 11/01/50 |
307,621 | 325,404 | ||||||
| 3.500%, 11/01/42 |
1,815,595 | 1,977,172 | ||||||
| 3.500%, 11/01/46 |
299,605 | 321,660 | ||||||
| 3.500%, 07/01/47 |
1,326,199 | 1,428,857 | ||||||
| 3.500%, 10/01/47 |
90,880 | 97,490 | ||||||
| 3.500%, 12/01/47 |
3,549,005 | 3,839,287 | ||||||
| 3.500%, 02/01/50 |
234,694 | 250,039 | ||||||
| 3.500%, 08/01/50 |
91,817 | 98,308 | ||||||
| 4.000%, 10/01/39 |
57,953 | 63,882 | ||||||
| 4.000%, 11/01/40 |
1,586,059 | 1,754,062 | ||||||
| 4.000%, 01/01/42 |
145,576 | 160,226 | ||||||
| 4.000%, 04/01/42 |
244,505 | 269,593 | ||||||
| Agency Sponsored Mortgage - Backed—(Continued) | ||||||||
| Fannie Mae 30 Yr. Pool | ||||||||
| 4.000%, 09/01/42 |
1,201,572 | 1,324,581 | ||||||
| 4.000%, 10/01/42 |
254,614 | 277,920 | ||||||
| 4.000%, 11/01/42 |
118,902 | 127,660 | ||||||
| 4.000%, 04/01/43 |
122,647 | 131,678 | ||||||
| 4.000%, 06/01/43 |
121,772 | 130,733 | ||||||
| 4.000%, 08/01/43 |
285,517 | 315,451 | ||||||
| 4.000%, 09/01/43 |
900,008 | 990,070 | ||||||
| 4.000%, 10/01/43 |
177,689 | 196,629 | ||||||
| 4.000%, 02/01/44 |
68,112 | 75,314 | ||||||
| 4.000%, 04/01/44 |
89,111 | 98,220 | ||||||
| 4.000%, 02/01/45 |
112,476 | 124,369 | ||||||
| 4.000%, 06/01/45 |
43,227 | 47,782 | ||||||
| 4.000%, 12/01/45 |
479,869 | 524,979 | ||||||
| 4.000%, 03/01/46 |
57,955 | 62,700 | ||||||
| 4.000%, 05/01/46 |
46,405 | 49,936 | ||||||
| 4.000%, 09/01/47 |
15,327 | 16,619 | ||||||
| 4.000%, 03/01/48 |
259,535 | 279,382 | ||||||
| 4.000%, 05/01/48 |
589,377 | 640,910 | ||||||
| 4.500%, 12/01/40 |
918,607 | 1,029,739 | ||||||
| 4.500%, 08/01/41 |
90,319 | 101,262 | ||||||
| 4.500%, 11/01/41 |
608,253 | 682,991 | ||||||
| 4.500%, 12/01/43 |
130,296 | 146,035 | ||||||
| 4.500%, 10/01/44 |
781,021 | 863,843 | ||||||
| 4.500%, 02/01/45 |
295,823 | 329,306 | ||||||
| 4.500%, 03/01/46 |
125,752 | 139,529 | ||||||
| 4.500%, 04/01/48 |
142,769 | 155,290 | ||||||
| 4.500%, 05/01/48 |
46,228 | 50,116 | ||||||
| 4.500%, 12/01/48 |
1,499,198 | 1,644,797 | ||||||
| 4.500%, 04/01/49 |
37,925 | 41,057 | ||||||
| 4.500%, 09/01/49 |
159,867 | 176,482 | ||||||
| 4.500%, 10/01/49 |
83,639 | 90,417 | ||||||
| 5.000%, 04/01/41 |
7,765 | 8,530 | ||||||
| 5.000%, 06/01/41 |
28,046 | 31,564 | ||||||
| 5.000%, 08/01/41 |
31,708 | 35,084 | ||||||
| 5.000%, 08/01/48 |
83,061 | 91,419 | ||||||
| 5.500%, 12/01/39 |
331,416 | 385,486 | ||||||
| 5.500%, 04/01/40 |
353,441 | 408,131 | ||||||
| 5.500%, 06/01/40 |
33,990 | 39,425 | ||||||
| 5.500%, 05/01/41 |
120,799 | 139,369 | ||||||
| 5.500%, 06/01/41 |
209,590 | 240,189 | ||||||
| 5.500%, 07/01/41 |
227,709 | 261,449 | ||||||
| 5.500%, 12/01/41 |
442,334 | 510,865 | ||||||
| 5.500%, 02/01/42 |
986,558 | 1,141,026 | ||||||
| 5.500%, 05/01/44 |
245,843 | 283,382 | ||||||
| 6.000%, 01/01/34 |
46,871 | 54,950 | ||||||
| 6.000%, 08/01/34 |
75,497 | 88,513 | ||||||
| 6.000%, 10/01/34 |
80,703 | 94,533 | ||||||
| 6.000%, 11/01/34 |
57,882 | 68,081 | ||||||
| 6.000%, 01/01/35 |
72,435 | 84,579 | ||||||
| 6.000%, 04/01/35 |
116,784 | 134,279 | ||||||
| 6.000%, 06/01/36 |
197,490 | 232,427 | ||||||
| 6.000%, 05/01/37 |
273,990 | 323,758 | ||||||
| 6.000%, 09/01/37 |
17,199 | 20,277 | ||||||
| 6.000%, 10/01/37 |
206,348 | 243,836 | ||||||
| 6.000%, 01/01/38 |
206,825 | 244,404 | ||||||
BHFTI-381
Brighthouse Funds Trust I
Western Asset Management Government Income Portfolio
Schedule of Investments as of September 30, 2021 (Unaudited)
U.S. Treasury & Government Agencies—(Continued)
| Security Description | Principal Amount* |
Value | ||||||
| Agency Sponsored Mortgage - Backed—(Continued) | ||||||||
| Fannie Mae 30 Yr. Pool | ||||||||
| 6.000%, 03/01/38 |
73,050 | $ | 86,895 | |||||
| 6.000%, 07/01/38 |
35,958 | 42,494 | ||||||
| 6.000%, 01/01/40 |
207,362 | 245,050 | ||||||
| 6.000%, 05/01/40 |
299,755 | 353,653 | ||||||
| 6.000%, 07/01/41 |
266,549 | 314,476 | ||||||
| 6.000%, 01/01/42 |
22,111 | 25,291 | ||||||
| 6.500%, 07/01/32 |
51,785 | 59,835 | ||||||
| 6.500%, 12/01/32 |
15,755 | 18,353 | ||||||
| 6.500%, 07/01/35 |
18,226 | 20,896 | ||||||
| 6.500%, 12/01/35 |
162,996 | 194,777 | ||||||
| 6.500%, 08/01/36 |
265,622 | 314,159 | ||||||
| Fannie Mae ARM Pool | ||||||||
| 1.968%, 12M LIBOR + 1.700%, 06/01/42 (a) |
21,133 | 22,220 | ||||||
| 2.050%, 12M LIBOR + 1.800%, 07/01/41 (a) |
18,132 | 19,122 | ||||||
| 2.068%, 12M LIBOR + 1.818%, 07/01/41 (a) |
18,891 | 19,944 | ||||||
| 2.193%, 12M LIBOR + 1.818%, 02/01/42 (a) |
32,188 | 34,074 | ||||||
| 2.310%, 12M LIBOR + 1.818%, 09/01/41 (a) |
9,564 | 10,112 | ||||||
| 2.330%, 12M LIBOR + 1.830%, 10/01/41 (a) |
6,723 | 6,926 | ||||||
| Fannie Mae Grantor Trust | ||||||||
| 2.898%, 06/25/27 |
6,103,401 | 6,553,686 | ||||||
| Fannie Mae Pool | ||||||||
| 3.000%, 08/01/27 |
52,985 | 55,996 | ||||||
| 3.000%, 10/01/27 |
86,033 | 90,925 | ||||||
| 3.000%, 11/01/27 |
26,527 | 28,009 | ||||||
| 3.000%, 12/01/27 |
45,146 | 47,713 | ||||||
| 3.000%, 01/01/28 |
43,198 | 45,655 | ||||||
| 3.000%, 02/01/28 |
40,770 | 43,088 | ||||||
| 3.000%, 03/01/28 |
45,338 | 47,918 | ||||||
| 3.000%, 04/01/28 |
41,189 | 43,534 | ||||||
| 3.000%, 05/01/28 |
45,044 | 47,608 | ||||||
| 3.000%, 06/01/28 |
44,161 | 46,654 | ||||||
| 3.000%, 07/01/28 |
43,251 | 45,713 | ||||||
| 3.000%, 08/01/28 |
49,300 | 52,108 | ||||||
| 3.000%, 09/01/28 |
50,973 | 53,876 | ||||||
| 3.000%, 01/01/29 |
47,537 | 50,247 | ||||||
| 3.000%, 03/01/29 |
56,053 | 59,252 | ||||||
| 3.500%, 09/01/32 |
1,467,174 | 1,582,546 | ||||||
| 3.500%, 10/01/56 |
1,521,583 | 1,662,982 | ||||||
| 4.500%, 08/01/58 |
163,377 | 184,188 | ||||||
| 6.500%, 08/01/39 |
895,662 | 1,030,790 | ||||||
| 6.619%, 02/01/39 |
83,441 | 92,510 | ||||||
| Fannie Mae REMICS (CMO) | ||||||||
| 1.006%, 1M LIBOR + 0.920%, 03/25/36 (a) |
217,793 | 223,828 | ||||||
| 1.016%, 1M LIBOR + 0.930%, 06/25/36 (a) |
314,004 | 321,999 | ||||||
| 1.750%, 06/25/42 |
143,209 | 145,654 | ||||||
| 1.750%, 01/25/43 |
132,139 | 133,680 | ||||||
| 3.000%, 05/25/46 |
2,480,664 | 2,623,475 | ||||||
| 4.250%, 03/25/42 |
963,554 | 1,025,883 | ||||||
| 4.500%, 12/25/40 |
67,282 | 74,866 | ||||||
| 4.750%, 01/25/41 |
260,904 | 287,925 | ||||||
| 5.000%, 12/25/23 |
38,851 | 40,095 | ||||||
| 5.000%, 12/25/34 |
156,610 | 176,234 | ||||||
| 5.000%, 03/25/35 |
128,931 | 145,128 | ||||||
| 5.000%, 08/25/39 |
203,159 | 229,284 | ||||||
| 5.000%, 02/25/41 |
112,460 | 131,848 | ||||||
| Agency Sponsored Mortgage - Backed—(Continued) | ||||||||
| Fannie Mae REMICS (CMO) | ||||||||
| 5.500%, 06/25/35 |
44,268 | 46,962 | ||||||
| 5.500%, 08/25/35 |
664,010 | 751,101 | ||||||
| 6.000%, 06/25/45 (b) |
351,412 | 59,004 | ||||||
| 6.464%, -1 x 1M LIBOR + 6.550%, 06/25/41 (a) (b) |
90,612 | 5,476 | ||||||
| Freddie Mac 15 Yr. Gold Pool | ||||||||
| 3.000%, 06/01/31 |
388,965 | 415,466 | ||||||
| 3.000%, 02/01/32 |
8,966 | 9,480 | ||||||
| 3.000%, 03/01/33 |
1,278,268 | 1,351,098 | ||||||
| 3.000%, 09/01/33 |
126,359 | 133,347 | ||||||
| 3.000%, 03/01/34 |
104,522 | 110,326 | ||||||
| 6.000%, 01/01/24 |
34,671 | 35,765 | ||||||
| Freddie Mac 15 Yr. Pool | ||||||||
| 3.500%, 04/01/33 |
224,317 | 241,989 | ||||||
| Freddie Mac 20 Yr. Gold Pool | ||||||||
| 3.000%, 11/01/33 |
1,141,414 | 1,218,601 | ||||||
| 3.500%, 03/01/32 |
568,475 | 609,316 | ||||||
| 3.500%, 06/01/32 |
1,485,038 | 1,591,335 | ||||||
| 3.500%, 07/01/32 |
495,695 | 530,963 | ||||||
| 4.000%, 06/01/33 |
634,601 | 690,364 | ||||||
| Freddie Mac 20 Yr. Pool | ||||||||
| 3.500%, 02/01/34 |
2,262,943 | 2,449,336 | ||||||
| Freddie Mac 30 Yr. Gold Pool | ||||||||
| 3.000%, 11/01/42 |
113,324 | 123,269 | ||||||
| 3.000%, 01/01/43 |
126,608 | 136,665 | ||||||
| 3.000%, 02/01/43 |
646,079 | 697,876 | ||||||
| 3.000%, 03/01/43 |
6,512,321 | 6,982,061 | ||||||
| 3.000%, 06/01/43 |
1,580,495 | 1,687,335 | ||||||
| 3.500%, 04/01/40 |
103,512 | 111,544 | ||||||
| 3.500%, 05/01/40 |
154,904 | 167,684 | ||||||
| 3.500%, 06/01/40 |
219,608 | 236,688 | ||||||
| 3.500%, 07/01/40 |
30,801 | 33,191 | ||||||
| 3.500%, 08/01/40 |
113,769 | 123,150 | ||||||
| 3.500%, 09/01/40 |
67,398 | 72,935 | ||||||
| 3.500%, 10/01/40 |
71,037 | 76,859 | ||||||
| 3.500%, 11/01/40 |
91,021 | 99,055 | ||||||
| 3.500%, 12/01/40 |
74,047 | 80,139 | ||||||
| 3.500%, 04/01/42 |
381,590 | 419,052 | ||||||
| 3.500%, 07/01/42 |
59,224 | 64,150 | ||||||
| 3.500%, 08/01/42 |
36,708 | 39,578 | ||||||
| 3.500%, 09/01/42 |
123,791 | 131,781 | ||||||
| 3.500%, 10/01/42 |
927,709 | 1,010,405 | ||||||
| 3.500%, 01/01/43 |
338,776 | 368,344 | ||||||
| 3.500%, 02/01/43 |
161,881 | 176,024 | ||||||
| 3.500%, 04/01/43 |
480,032 | 522,747 | ||||||
| 3.500%, 05/01/43 |
252,732 | 275,250 | ||||||
| 3.500%, 11/01/44 |
267,477 | 288,427 | ||||||
| 3.500%, 02/01/45 |
5,425 | 5,891 | ||||||
| 3.500%, 06/01/45 |
10,783 | 11,709 | ||||||
| 3.500%, 11/01/45 |
2,290,931 | 2,484,181 | ||||||
| 3.500%, 01/01/46 |
223,441 | 240,292 | ||||||
| 3.500%, 02/01/46 |
489,156 | 521,077 | ||||||
| 3.500%, 05/01/46 |
777,878 | 849,271 | ||||||
| 3.500%, 06/01/46 |
170,440 | 180,849 | ||||||
| 3.500%, 07/01/46 |
11,625 | 12,622 | ||||||
| 3.500%, 08/01/46 |
70,549 | 74,676 | ||||||
BHFTI-382
Brighthouse Funds Trust I
Western Asset Management Government Income Portfolio
Schedule of Investments as of September 30, 2021 (Unaudited)
U.S. Treasury & Government Agencies—(Continued)
| Security Description | Principal Amount* |
Value | ||||||
| Agency Sponsored Mortgage - Backed—(Continued) | ||||||||
| Freddie Mac 30 Yr. Gold Pool | ||||||||
| 3.500%, 09/01/46 |
495,186 | $ | 537,444 | |||||
| 3.500%, 01/01/47 |
1,200,345 | 1,279,260 | ||||||
| 3.500%, 02/01/47 |
1,836,207 | 1,947,871 | ||||||
| 3.500%, 07/01/47 |
355,514 | 379,240 | ||||||
| 3.500%, 11/01/47 |
19,247 | 20,700 | ||||||
| 3.500%, 12/01/47 |
338,915 | 360,498 | ||||||
| 3.500%, 02/01/48 |
102,228 | 108,714 | ||||||
| 3.500%, 04/01/48 |
332,484 | 353,551 | ||||||
| 4.000%, 11/01/41 |
4,079 | 4,512 | ||||||
| 4.000%, 09/01/42 |
1,821,331 | 2,008,184 | ||||||
| 4.000%, 10/01/42 |
29,883 | 32,421 | ||||||
| 4.000%, 11/01/42 |
256,462 | 283,661 | ||||||
| 4.000%, 12/01/42 |
90,751 | 100,101 | ||||||
| 4.000%, 01/01/43 |
11,017 | 11,807 | ||||||
| 4.000%, 02/01/43 |
113,785 | 125,548 | ||||||
| 4.000%, 03/01/43 |
54,044 | 59,337 | ||||||
| 4.000%, 04/01/43 |
21,270 | 23,454 | ||||||
| 4.000%, 05/01/43 |
216,118 | 236,630 | ||||||
| 4.000%, 06/01/43 |
27,719 | 30,391 | ||||||
| 4.000%, 07/01/43 |
209,335 | 231,224 | ||||||
| 4.000%, 08/01/43 |
168,015 | 184,421 | ||||||
| 4.000%, 09/01/43 |
290,150 | 319,981 | ||||||
| 4.000%, 10/01/43 |
268,117 | 293,963 | ||||||
| 4.000%, 11/01/43 |
6,758 | 7,245 | ||||||
| 4.000%, 01/01/44 |
230,391 | 254,059 | ||||||
| 4.000%, 02/01/44 |
24,764 | 26,695 | ||||||
| 4.000%, 04/01/44 |
12,600 | 13,546 | ||||||
| 4.000%, 07/01/44 |
391,598 | 432,122 | ||||||
| 4.000%, 12/01/44 |
7,502 | 8,039 | ||||||
| 4.000%, 01/01/45 |
239,421 | 263,803 | ||||||
| 4.000%, 02/01/45 |
291,252 | 321,022 | ||||||
| 4.000%, 05/01/45 |
460,188 | 506,954 | ||||||
| 4.000%, 12/01/45 |
277,760 | 304,846 | ||||||
| 4.000%, 11/01/47 |
319,701 | 343,710 | ||||||
| 4.000%, 12/01/47 |
713,666 | 766,864 | ||||||
| 4.000%, 05/01/48 |
337,424 | 366,909 | ||||||
| 4.500%, 05/01/39 |
57,237 | 64,191 | ||||||
| 4.500%, 09/01/40 |
457,530 | 513,141 | ||||||
| 4.500%, 02/01/41 |
43,502 | 48,789 | ||||||
| 4.500%, 08/01/41 |
468,039 | 524,822 | ||||||
| 4.500%, 09/01/41 |
62,380 | 69,962 | ||||||
| 4.500%, 10/01/41 |
114,429 | 128,482 | ||||||
| 4.500%, 02/01/44 |
16,877 | 18,635 | ||||||
| 5.000%, 01/01/35 |
105,760 | 118,524 | ||||||
| 5.000%, 05/01/35 |
49,260 | 55,252 | ||||||
| 5.000%, 07/01/35 |
642,738 | 733,486 | ||||||
| 5.000%, 11/01/35 |
778,248 | 888,385 | ||||||
| 5.000%, 06/01/41 |
1,065,339 | 1,217,444 | ||||||
| 5.000%, 07/01/41 |
153,614 | 172,479 | ||||||
| 5.500%, 03/01/34 |
742,795 | 857,388 | ||||||
| 5.500%, 07/01/35 |
503,132 | 579,885 | ||||||
| Freddie Mac 30 Yr. Pool | ||||||||
| 2.000%, 03/01/51 |
98,480 | 99,088 | ||||||
| 2.500%, 11/01/50 |
85,862 | 89,837 | ||||||
| 2.500%, 02/01/51 |
186,381 | 193,542 | ||||||
| Agency Sponsored Mortgage - Backed—(Continued) | ||||||||
| Freddie Mac 30 Yr. Pool | ||||||||
| 3.000%, 09/01/48 |
535,983 | 573,086 | ||||||
| 3.000%, 09/01/49 |
2,105,539 | 2,253,493 | ||||||
| 3.000%, 03/01/50 |
353,246 | 370,820 | ||||||
| 3.500%, 07/01/46 |
1,004,815 | 1,084,272 | ||||||
| 4.500%, 07/01/40 |
895,466 | 995,172 | ||||||
| Freddie Mac ARM Non-Gold Pool | ||||||||
| 2.122%, 12M LIBOR + 1.750%, 09/01/41 (a) |
136,025 | 143,217 | ||||||
| 2.130%, 12M LIBOR + 1.880%, 04/01/41 (a) |
2,912 | 2,993 | ||||||
| 2.160%, 12M LIBOR + 1.910%, 05/01/41 (a) |
21,080 | 22,320 | ||||||
| 2.160%, 12M LIBOR + 1.910%, 06/01/41 (a) |
36,290 | 38,190 | ||||||
| 2.178%, 12M LIBOR + 1.750%, 12/01/40 (a) |
369,173 | 389,014 | ||||||
| 2.182%, 12M LIBOR + 1.899%, 10/01/42 (a) |
54,563 | 57,759 | ||||||
| 2.184%, 12M LIBOR + 1.880%, 09/01/41 (a) |
12,944 | 13,687 | ||||||
| 2.195%, 12M LIBOR + 1.910%, 05/01/41 (a) |
27,796 | 29,444 | ||||||
| 2.380%, 12M LIBOR + 1.880%, 10/01/41 (a) |
121,644 | 128,531 | ||||||
| Freddie Mac Multifamily Structured Pass-Through Certificates | ||||||||
| 2.750%, 11/25/22 |
2,807,899 | 2,822,839 | ||||||
| 3.750%, 11/25/29 |
177,184 | 197,612 | ||||||
| 3.750%, 11/25/32 |
1,000,000 | 1,156,413 | ||||||
| 3.990%, 05/25/33 (a) |
3,650,000 | 4,296,474 | ||||||
| Freddie Mac REMICS (CMO) | ||||||||
| 0.484%, 1M LIBOR + 0.400%, 03/15/34 (a) |
196,573 | 198,123 | ||||||
| 0.984%, 1M LIBOR + 0.900%, 02/15/33 (a) |
109,168 | 111,627 | ||||||
| 1.750%, 06/15/42 |
107,530 | 108,871 | ||||||
| 3.500%, 11/15/31 |
989,798 | 1,060,364 | ||||||
| 4.000%, 01/15/41 |
6,227,137 | 6,703,395 | ||||||
| 4.500%, 12/15/26 |
589,226 | 593,932 | ||||||
| 4.500%, 02/15/41 |
12,391 | 13,092 | ||||||
| 5.000%, 10/15/34 |
194,301 | 218,740 | ||||||
| 5.000%, 12/15/37 |
67,208 | 75,344 | ||||||
| 5.000%, 03/15/41 |
383,323 | 425,898 | ||||||
| 5.000%, 04/15/41 |
879,112 | 1,021,011 | ||||||
| 5.000%, 05/15/41 |
986,358 | 1,167,936 | ||||||
| 5.500%, 05/15/34 |
1,117,613 | 1,276,567 | ||||||
| 5.500%, 11/15/36 |
426,894 | 471,992 | ||||||
| 5.500%, 06/15/41 |
2,514,214 | 2,875,314 | ||||||
| Ginnie Mae I 30 Yr. Pool | ||||||||
| 3.000%, 05/15/42 |
241,059 | 255,524 | ||||||
| 3.000%, 04/15/43 |
96,364 | 101,961 | ||||||
| 3.000%, 05/15/43 |
93,032 | 98,079 | ||||||
| 3.000%, 01/15/45 |
34,618 | 36,605 | ||||||
| 3.000%, 02/15/45 |
53,923 | 56,887 | ||||||
| 3.000%, 03/15/45 |
275,504 | 290,361 | ||||||
| 3.000%, 05/15/45 |
16,930 | 17,833 | ||||||
| 3.000%, 06/15/45 |
28,939 | 30,494 | ||||||
| 3.000%, 07/15/45 |
153,425 | 161,326 | ||||||
| 3.500%, 11/15/41 |
160,100 | 174,474 | ||||||
| 3.500%, 02/15/42 |
147,094 | 160,307 | ||||||
| 3.500%, 03/15/42 |
170,797 | 185,132 | ||||||
| 3.500%, 05/15/42 |
394,788 | 425,452 | ||||||
| 3.500%, 06/15/42 |
247,209 | 266,236 | ||||||
| 3.500%, 05/15/50 |
301,685 | 322,026 | ||||||
| 4.000%, 09/15/40 |
957,630 | 1,058,565 | ||||||
| 4.000%, 10/15/40 |
55,241 | 61,142 | ||||||
| 4.000%, 03/15/41 |
411,877 | 451,377 | ||||||
BHFTI-383
Brighthouse Funds Trust I
Western Asset Management Government Income Portfolio
Schedule of Investments as of September 30, 2021 (Unaudited)
U.S. Treasury & Government Agencies—(Continued)
| Security Description | Principal Amount* |
Value | ||||||
| Agency Sponsored Mortgage - Backed—(Continued) | ||||||||
| Ginnie Mae I 30 Yr. Pool | ||||||||
| 4.000%, 06/15/41 |
19,330 | $ | 21,150 | |||||
| 4.000%, 09/15/41 |
101,615 | 112,817 | ||||||
| 4.000%, 10/15/41 |
408,696 | 453,473 | ||||||
| 4.000%, 11/15/41 |
124,491 | 138,215 | ||||||
| 4.000%, 12/15/41 |
349,474 | 388,329 | ||||||
| 4.000%, 01/15/42 |
16,305 | 17,725 | ||||||
| 4.000%, 02/15/42 |
16,952 | 18,821 | ||||||
| 4.000%, 03/15/42 |
107,262 | 118,724 | ||||||
| 4.000%, 11/15/42 |
12,717 | 13,708 | ||||||
| 4.000%, 01/15/43 |
42,249 | 46,935 | ||||||
| 4.000%, 03/15/50 |
48,677 | 52,283 | ||||||
| 4.500%, 08/15/39 |
828,468 | 947,658 | ||||||
| 4.500%, 06/15/40 |
261,840 | 295,498 | ||||||
| 4.500%, 07/15/40 |
52,182 | 58,995 | ||||||
| 4.500%, 03/15/41 |
306,964 | 346,808 | ||||||
| 4.500%, 04/15/41 |
23,966 | 27,055 | ||||||
| 5.000%, 03/15/39 |
34,576 | 40,123 | ||||||
| 5.000%, 07/15/39 |
61,585 | 71,494 | ||||||
| 5.000%, 08/15/39 |
60,758 | 70,418 | ||||||
| 5.000%, 09/15/39 |
39,454 | 45,669 | ||||||
| 5.000%, 04/15/40 |
22,373 | 25,738 | ||||||
| 5.000%, 08/15/40 |
94,304 | 109,443 | ||||||
| 5.000%, 04/15/41 |
67,164 | 77,190 | ||||||
| 5.000%, 09/15/41 |
43,278 | 50,096 | ||||||
| 5.500%, 10/15/39 |
9,722 | 11,343 | ||||||
| 6.000%, 06/15/36 |
475,549 | 561,633 | ||||||
| Ginnie Mae II 30 Yr. Pool | ||||||||
| 2.500%, 12/20/50 |
286,380 | 298,657 | ||||||
| 3.000%, 12/20/42 |
685,065 | 730,045 | ||||||
| 3.000%, 03/20/43 |
610,622 | 656,140 | ||||||
| 3.000%, 01/20/48 |
979,161 | 1,028,699 | ||||||
| 3.500%, 12/20/42 |
215,268 | 232,730 | ||||||
| 3.500%, 05/20/46 |
1,064,078 | 1,147,852 | ||||||
| 3.500%, 06/20/46 |
2,766,839 | 2,972,913 | ||||||
| 3.500%, 11/20/47 |
200,044 | 211,902 | ||||||
| 3.500%, 10/20/48 |
701,518 | 741,497 | ||||||
| 4.000%, 09/20/39 |
75,466 | 82,594 | ||||||
| 4.000%, 10/20/40 |
9,391 | 10,278 | ||||||
| 4.000%, 11/20/40 |
658,749 | 722,106 | ||||||
| 4.000%, 10/20/41 |
848,024 | 929,770 | ||||||
| 4.000%, 11/20/41 |
322,350 | 353,423 | ||||||
| 4.000%, 04/20/42 |
423,037 | 463,819 | ||||||
| 4.000%, 06/20/42 |
31,318 | 34,527 | ||||||
| 4.000%, 10/20/44 |
779,162 | 850,892 | ||||||
| 4.000%, 11/20/44 |
783,671 | 857,257 | ||||||
| 4.000%, 12/20/44 |
44,466 | 48,559 | ||||||
| 4.000%, 03/20/50 |
60,013 | 65,683 | ||||||
| 4.000%, 04/20/50 |
526,792 | 571,701 | ||||||
| 4.500%, 02/20/40 |
72,473 | 80,191 | ||||||
| 4.500%, 09/20/40 |
7,727 | 8,573 | ||||||
| 4.500%, 08/20/48 |
819,504 | 877,909 | ||||||
| 4.500%, 09/20/48 |
564,579 | 604,634 | ||||||
| 4.500%, 10/20/48 |
813,551 | 868,329 | ||||||
| 4.500%, 01/20/49 |
126,551 | 135,535 | ||||||
| 4.500%, 03/20/50 |
181,511 | 193,138 | ||||||
| Agency Sponsored Mortgage - Backed—(Continued) | ||||||||
| Ginnie Mae II Pool | ||||||||
| 5.470%, 08/20/59 (a) |
342 | 348 | ||||||
| Government National Mortgage Association (CMO) | ||||||||
| 0.337%, 1M LIBOR + 0.250%, 10/20/47 (a) |
728,042 | 728,712 | ||||||
| 0.387%, 1M LIBOR + 0.300%, 05/20/48 (a) |
706,178 | 707,538 | ||||||
| 0.387%, 1M LIBOR + 0.300%, 06/20/48 (a) |
898,956 | 900,675 | ||||||
| 0.390%, 1M LIBOR + 0.300%, 08/20/60 (a) |
105,889 | 105,829 | ||||||
| 0.390%, 1M LIBOR + 0.300%, 09/20/60 (a) |
144,904 | 144,815 | ||||||
| 0.418%, 1M LIBOR + 0.330%, 07/20/60 (a) |
163,052 | 163,066 | ||||||
| 0.420%, 1Y H15 + 0.350%, 08/20/66 (a) |
3,247,403 | 3,218,089 | ||||||
| 0.567%, 1M LIBOR + 0.480%, 01/20/38 (a) |
22,238 | 22,403 | ||||||
| 0.570%, 1Y H15 + 0.500%, 05/20/66 (a) |
3,132,473 | 3,112,630 | ||||||
| 0.580%, 1M LIBOR + 0.490%, 02/20/61 (a) |
101,654 | 101,929 | ||||||
| 0.587%, 1M LIBOR + 0.500%, 07/20/37 (a) |
86,433 | 86,956 | ||||||
| 0.590%, 1M LIBOR + 0.500%, 12/20/60 (a) |
261,769 | 262,682 | ||||||
| 0.590%, 1M LIBOR + 0.500%, 02/20/61 (a) |
26,387 | 26,463 | ||||||
| 0.590%, 1M LIBOR + 0.500%, 04/20/61 (a) |
87,888 | 88,210 | ||||||
| 0.590%, 1M LIBOR + 0.500%, 05/20/61 (a) |
212,001 | 212,780 | ||||||
| 0.615%, 1M LIBOR + 0.530%, 12/16/39 (a) |
79,219 | 80,019 | ||||||
| 0.620%, 1M LIBOR + 0.530%, 06/20/61 (a) |
120,452 | 120,944 | ||||||
| 0.685%, 1M LIBOR + 0.600%, 11/16/39 (a) |
122,445 | 123,875 | ||||||
| 0.690%, 1M LIBOR + 0.600%, 10/20/61 (a) |
414,172 | 416,507 | ||||||
| 0.720%, 1M LIBOR + 0.630%, 01/20/62 (a) |
448,620 | 451,370 | ||||||
| 0.720%, 1M LIBOR + 0.630%, 03/20/62 (a) |
269,399 | 270,972 | ||||||
| 0.740%, 1M LIBOR + 0.650%, 05/20/61 (a) |
7,487 | 7,548 | ||||||
| 0.790%, 1M LIBOR + 0.700%, 11/20/61 (a) |
431,295 | 434,633 | ||||||
| 0.790%, 1M LIBOR + 0.700%, 01/20/62 (a) |
292,994 | 295,116 | ||||||
| 1.650%, 01/20/63 |
11,790 | 11,849 | ||||||
| 1.750%, 03/20/63 |
48,474 | 48,586 | ||||||
| 2.500%, 11/20/46 |
152,200 | 158,076 | ||||||
| 2.750%, 02/20/64 |
1,578,711 | 1,616,218 | ||||||
| 2.750%, 05/20/64 |
776,514 | 786,682 | ||||||
| 3.000%, 03/20/63 |
8,079 | 8,233 | ||||||
| 3.250%, 08/20/68 |
3,144,064 | 3,296,633 | ||||||
| 3.500%, 09/20/63 |
64,118 | 64,433 | ||||||
| 4.000%, 12/20/40 |
1,767,345 | 1,955,954 | ||||||
| 4.500%, 05/16/40 |
53,948 | 55,686 | ||||||
| 4.500%, 05/20/40 (b) |
4,550 | 252 | ||||||
| 4.500%, 12/20/40 |
1,257,424 | 1,412,238 | ||||||
| 5.000%, 12/20/39 |
3,970,577 | 4,472,975 | ||||||
| 5.000%, 03/20/40 |
1,896,754 | 2,087,215 | ||||||
| 5.010%, 09/20/60 (a) |
10,815 | 11,618 | ||||||
| 5.500%, 04/20/34 |
195,042 | 228,441 | ||||||
| 6.013%, -1 x 1M LIBOR + 6.100%, 07/20/41 (a) (b) |
91,824 | 14,614 | ||||||
| 8.550%, -1.33 x 1M LIBOR + 8.667%, 04/20/39 (a) |
37,902 | 38,955 | ||||||
| Uniform Mortgage-Backed Securities 30 Yr. Pool | ||||||||
| 2.000%, TBA (c) |
500,000 | 500,989 | ||||||
| 2.500%, TBA (c) |
100,000 | 103,105 | ||||||
|
|
|
|||||||
| 199,426,293 | ||||||||
|
|
|
|||||||
| Federal Agencies—37.9% | ||||||||
| Fannie Mae Principal Strip |
40,000,000 | 34,592,259 | ||||||
| Federal Farm Credit Banks Funding Corp. | ||||||||
| 0.200%, 01/04/24 |
10,000,000 | 9,955,966 | ||||||
BHFTI-384
Brighthouse Funds Trust I
Western Asset Management Government Income Portfolio
Schedule of Investments as of September 30, 2021 (Unaudited)
U.S. Treasury & Government Agencies—(Continued)
| Security Description | Principal Amount* |
Value | ||||||
| Federal Agencies—(Continued) | ||||||||
| Federal Farm Credit Banks Funding Corp. | ||||||||
| 1.300%, 05/13/30 |
20,000,000 | $ | 19,724,917 | |||||
| Federal Home Loan Bank | ||||||||
| 2.125%, 09/14/29 |
16,000,000 | 16,770,392 | ||||||
| 3.250%, 11/16/28 |
10,000,000 | 11,277,718 | ||||||
| Federal Home Loan Mortgage Corp. | ||||||||
| Zero Coupon, 12/14/29 |
10,000,000 | 8,769,384 | ||||||
| Zero Coupon, 09/15/36 |
10,000,000 | 7,256,386 | ||||||
| Zero Coupon, 12/15/36 |
45,000,000 | 32,494,809 | ||||||
| 0.375%, 05/05/23 |
8,000,000 | 8,015,910 | ||||||
| 6.250%, 07/15/32 (d) |
7,568,000 | 10,968,148 | ||||||
| 6.750%, 03/15/31 |
481,000 | 698,088 | ||||||
| Federal National Mortgage Association | ||||||||
| Zero Coupon, 11/15/30 |
10,000,000 | 8,534,657 | ||||||
| 0.250%, 05/22/23 |
12,000,000 | 12,004,667 | ||||||
| 0.500%, 06/17/25 |
8,000,000 | 7,951,573 | ||||||
| 0.500%, 11/07/25 (d) |
13,000,000 | 12,831,630 | ||||||
| 0.625%, 04/22/25 |
5,000,000 | 4,990,079 | ||||||
| 6.625%, 11/15/30 |
1,430,000 | 2,041,646 | ||||||
| Freddie Mac Strips |
17,100,000 | 13,979,905 | ||||||
| Resolution Funding Corp. Interest Strip | ||||||||
| Zero Coupon, 01/15/29 |
7,300,000 | 6,556,829 | ||||||
| Zero Coupon, 07/15/29 |
7,500,000 | 6,653,906 | ||||||
| Resolution Funding Corp. Principal Strip | ||||||||
| Zero Coupon, 01/15/30 |
23,523,000 | 20,497,762 | ||||||
| Zero Coupon, 04/15/30 |
35,000,000 | 30,339,739 | ||||||
| Tennessee Valley Authority | ||||||||
| 0.750%, 05/15/25 |
5,000,000 | 5,006,695 | ||||||
| 2.875%, 09/15/24 (d) |
7,050,000 | 7,531,216 | ||||||
| Tennessee Valley Authority Generic Strip | ||||||||
| Zero Coupon, 07/15/29 |
8,669,000 | 7,642,367 | ||||||
| Zero Coupon, 01/15/34 |
12,669,000 | 9,870,021 | ||||||
| United States Department of Housing and Urban Development |
5,000,000 | 5,347,172 | ||||||
| United States International Development Finance Corp. | ||||||||
| 1.110%, 05/15/29 |
6,000,000 | 6,013,432 | ||||||
| 1.920%, 12/15/32 |
10,000,000 | 10,217,300 | ||||||
|
|
|
|||||||
| 338,534,573 | ||||||||
|
|
|
|||||||
| U.S. Treasury—24.0% | ||||||||
| U.S. Treasury Bonds | ||||||||
| 1.875%, 02/15/51 |
8,930,000 | 8,515,592 | ||||||
| 2.250%, 08/15/49 |
1,210,000 | 1,254,241 | ||||||
| 2.750%, 08/15/47 |
7,500,000 | 8,512,793 | ||||||
| 2.875%, 05/15/49 |
760,000 | 889,081 | ||||||
| 3.000%, 05/15/45 |
5,470,000 | 6,435,797 | ||||||
| 3.000%, 02/15/48 |
54,300,000 | 64,566,094 | ||||||
| 3.625%, 02/15/44 |
37,000,000 | 47,627,383 | ||||||
| U.S. Treasury Notes | ||||||||
| 0.250%, 06/15/24 |
5,000,000 | 4,972,266 | ||||||
| 0.375%, 03/31/22 |
4,000,000 | 4,006,250 | ||||||
| 1.375%, 06/30/23 |
20,000,000 | 20,400,000 | ||||||
| 1.500%, 01/15/23 |
14,000,000 | 14,243,359 | ||||||
| 1.500%, 03/31/23 |
26,000,000 | 26,510,859 | ||||||
| U.S. Treasury—(Continued) | ||||||||
| U.S. Treasury Notes | ||||||||
| 2.625%, 02/15/29 |
5,700,000 | 6,214,781 | ||||||
|
|
|
|||||||
| 214,148,496 | ||||||||
|
|
|
|||||||
| Total U.S. Treasury & Government Agencies |
752,109,362 | |||||||
|
|
|
|||||||
| Foreign Government—11.9% |
| |||||||
| Sovereign—11.9% | ||||||||
| Abu Dhabi Government International Bonds | ||||||||
| 3.125%, 10/11/27 (144A) |
2,860,000 | 3,100,240 | ||||||
| 3.125%, 09/30/49 (144A) |
10,000,000 | 10,034,760 | ||||||
| Colombia Government International Bond |
5,090,000 | 4,764,393 | ||||||
| Hashemite Kingdom of Jordan Government AID Bond |
10,389,000 | 11,116,878 | ||||||
| Indonesia Government International Bond |
4,410,000 | 5,135,445 | ||||||
| Israel Government AID Bonds | ||||||||
| 5.500%, 09/18/23 |
13,878,000 | 15,267,519 | ||||||
| 5.500%, 12/04/23 |
30,210,000 | 33,540,100 | ||||||
| 5.500%, 04/26/24 |
1,900,000 | 2,134,260 | ||||||
| 5.500%, 09/18/33 |
2,195,000 | 3,053,081 | ||||||
| Mexico Government International Bond |
4,650,000 | 5,221,671 | ||||||
| Panama Government International Bonds | ||||||||
| 3.750%, 03/16/25 |
2,780,000 | 2,983,496 | ||||||
| 4.500%, 04/01/56 |
750,000 | 815,963 | ||||||
| Peruvian Government International Bond |
2,620,000 | 2,896,698 | ||||||
| Poland Government International Bond |
2,820,000 | 3,091,002 | ||||||
| Qatar Government International Bond |
2,740,000 | 3,113,325 | ||||||
|
|
|
|||||||
| Total Foreign Government |
106,268,831 | |||||||
|
|
|
|||||||
| Corporate Bonds & Notes—1.2% |
| |||||||
| Diversified Financial Services—1.2% | ||||||||
| Private Export Funding Corp. | ||||||||
| 0.300%, 04/28/23 (144A) |
5,000,000 | 4,996,918 | ||||||
| 4.300%, 12/15/21 |
6,000,000 | 6,052,101 | ||||||
|
|
|
|||||||
| Total Corporate Bonds & Notes |
11,049,019 | |||||||
|
|
|
|||||||
| Asset-Backed Securities—1.0% | ||||||||
| Asset-Backed—Other—0.0% | ||||||||
| Kubota Credit Owner Trust |
141,570 | 141,718 | ||||||
|
|
|
|||||||
BHFTI-385
Brighthouse Funds Trust I
Western Asset Management Government Income Portfolio
Schedule of Investments as of September 30, 2021 (Unaudited)
Asset-Backed Securities—(Continued)
| Security Description | Principal Amount* |
Value | ||||||
| Asset-Backed—Student Loan—1.0% | ||||||||
| Navient Student Loan Trust |
1,959,042 | $ | 1,963,890 | |||||
| SLM Student Loan Trust |
6,797,314 | 6,782,423 | ||||||
|
|
|
|||||||
| 8,746,313 | ||||||||
|
|
|
|||||||
| Total Asset-Backed Securities |
8,888,031 | |||||||
|
|
|
|||||||
| Mortgage-Backed Securities—0.2% |
| |||||||
| Collateralized Mortgage Obligations—0.2% | ||||||||
| Seasoned Loans Structured Transaction |
1,481,776 | 1,549,270 | ||||||
|
|
|
|||||||
| Total Mortgage-Backed Securities |
1,549,270 | |||||||
|
|
|
|||||||
| Short-Term Investment—2.3% |
| |||||||
| Repurchase Agreement—2.3% | ||||||||
| Fixed Income Clearing Corp. |
20,561,442 | 20,561,442 | ||||||
|
|
|
|||||||
| Total Short-Term Investments |
20,561,442 | |||||||
|
|
|
|||||||
| Securities Lending Reinvestments (e)—2.3% |
| |||||||
| Repurchase Agreements—1.4% | ||||||||
| Barclays Bank plc |
2,000,000 | 2,000,000 | ||||||
| Barclays Capital, Inc. |
2,115,200 | 2,115,200 | ||||||
| Cantor Fitzgerald & Co. |
2,000,000 | 2,000,000 | ||||||
| CF Secured LLC |
2,000,000 | 2,000,000 | ||||||
| Repurchase Agreements—(Continued) | ||||||||
| Deutsche Bank AG, London |
300,000 | 300,000 | ||||||
| NBC Global Finance, Ltd. |
900,000 | 900,000 | ||||||
| Repurchase Agreement dated 09/30/21 at 0.250%, due on 10/07/21 with a maturity value of $500,024; collateralized by U.S. Treasury Obligations with rates ranging from 0.095% - 2.000%, maturity dates ranging from 07/31/22 - 02/15/50, and various Common Stock with an aggregate market value of $555,309. |
500,000 | 500,000 | ||||||
| Societe Generale |
700,000 | 700,000 | ||||||
| Repurchase Agreement dated 09/30/21 at 0.170%, due on 10/01/21 with a maturity value of $1,000,005; collateralized by various Common Stock with an aggregate market value of $1,111,133. |
1,000,000 | 1,000,000 | ||||||
| Repurchase Agreement dated 09/30/21 at 0.200%, due on 10/07/21 with a maturity value of $487,824; collateralized by various Common Stock with an aggregate market value of $542,016. |
487,805 | 487,805 | ||||||
|
|
|
|||||||
| 12,003,005 | ||||||||
|
|
|
|||||||
| Time Deposit—0.0% | ||||||||
| Landesbank Baden-Wuettertemberg (London) 0.130%, 10/01/21 |
200,000 | 200,000 | ||||||
|
|
|
|||||||
| Mutual Funds—0.9% | ||||||||
| BlackRock Liquidity Funds FedFund, Institutional Shares |
1,000,000 | 1,000,000 | ||||||
| Goldman Sachs Financial Square Government Fund, Institutional Shares 0.030% (f) |
1,000,000 | 1,000,000 | ||||||
| STIT-Government & Agency Portfolio, Institutional Class |
3,000,000 | 3,000,000 | ||||||
| Wells Fargo Government Money Market Fund, Select Class |
3,000,000 | 3,000,000 | ||||||
|
|
|
|||||||
| 8,000,000 | ||||||||
|
|
|
|||||||
| Total Securities Lending Reinvestments |
20,203,005 | |||||||
|
|
|
|||||||
| Total Investments—103.2% |
920,628,960 | |||||||
| Other assets and liabilities (net)—(3.2)% |
(28,670,427 | ) | ||||||
|
|
|
|||||||
| Net Assets—100.0% | $ | 891,958,533 | ||||||
|
|
|
|||||||
BHFTI-386
Brighthouse Funds Trust I
Western Asset Management Government Income Portfolio
Schedule of Investments as of September 30, 2021 (Unaudited)
| * | Principal amount stated in U.S. dollars unless otherwise noted. | |||
| (a) | Variable or floating rate security. The stated rate represents the rate at September 30, 2021. Maturity date shown for callable securities reflects the earliest possible call date. For securities based on a published reference index and spread, the index and spread are indicated in the description above. For certain variable rate securities, the coupon rate is determined by the issuer/agent based on current market conditions. For certain asset- and mortgage-backed securities, the coupon rate may fluctuate based on changes of the underlying collateral or prepayments of principal. These securities do not indicate a reference index and spread in their description above. | |||
| (b) | Interest only security. | |||
| (c) | TBA (To Be Announced) Securities are purchased on a forward commitment basis with an approximate principal amount and no defined maturity date. The actual principal and maturity date will be determined upon settlement date. | |||
| (d) | All or a portion of the security was held on loan. As of September 30, 2021, the market value of securities loaned was $19,921,728 and the collateral received consisted of cash in the amount of $20,203,005 and non-cash collateral with a value of $266,390. The cash collateral investments are disclosed in the Schedule of Investments and categorized as Securities Lending Reinvestments. The non-cash collateral received consists of U.S. government securities that are held in safe-keeping by the lending agent, or a third- party custodian, and cannot be sold or repledged by the Portfolio. | |||
| (e) | Represents investment of cash collateral received from securities on loan as of September 30, 2021. | |||
| (f) | The rate shown represents the annualized seven-day yield as of September 30, 2021. | |||
| (144A)— | Securities exempt from registration under Rule 144A of the Securities Act of 1933. These securities may be resold in transactions exempt from registration, normally to qualified institutional buyers. As of September 30, 2021, the market value of 144A securities was $23,350,851, which is 2.6% of net assets. | |||
Futures Contracts
| Futures Contracts—Long |
Expiration Date |
Number of Contracts |
Notional Value |
Value/ Unrealized Appreciation/ (Depreciation) |
||||||||||||||||
| U.S. Treasury Note 5 Year Futures |
12/31/21 | 91 | USD | 11,169,539 | $ | 5,220 | ||||||||||||||
| Futures Contracts—Short |
||||||||||||||||||||
| U.S. Treasury Note 10 Year Futures |
12/21/21 | (460 | ) | USD | (60,540,313 | ) | 914,702 | |||||||||||||
|
|
|
|||||||||||||||||||
| Net Unrealized Appreciation |
|
$ | 919,922 | |||||||||||||||||
|
|
|
|||||||||||||||||||
Glossary of Abbreviations
Currencies
| (USD)— | United States Dollar | |||||||||
Index Abbreviations
| (H15)— | U.S. Treasury Yield Curve Rate T-Note Constant Maturity Index | |||||||||
| (LIBOR)— | London Interbank Offered Rate | |||||||||
Other Abbreviations
| (ARM)— | Adjustable-Rate Mortgage | |||||||||
| (CMO)— | Collateralized Mortgage Obligation | |||||||||
| (REMIC)— | Real Estate Mortgage Investment Conduit | |||||||||
BHFTI-387
Brighthouse Funds Trust I
Western Asset Management Government Income Portfolio
Schedule of Investments as of September 30, 2021 (Unaudited)
Fair Value Hierarchy
Accounting principles generally accepted in the United States of America (“GAAP”) define fair market value as the price that the Portfolio would receive to sell an asset or pay to transfer a liability in an orderly transaction between market participants at the measurement date. It establishes a fair value hierarchy that prioritizes inputs to valuation methods and requires disclosure of the fair value hierarchy, separately for each major category of assets and liabilities, that segregates fair value measurements into three levels. Levels 1, 2 and 3 of the fair value hierarchy are defined as follows:
Level 1 - unadjusted quoted prices in active markets for identical investments
Level 2 - other significant observable inputs (including, but not limited to, quoted prices for similar assets or liabilities in markets that are either active or inactive; inputs other than quoted prices that are observable such as interest rates, yield curves, volatilities, prepayment speeds, loss severities, credit risks, default rates, or other market corroborated inputs)
Level 3 - significant unobservable inputs based on the best information available in the circumstances, to the extent observable inputs are unavailable (including the Portfolio’s own assumptions used in determining the fair value of investments and derivative financial instruments)
The inputs or methodologies used for valuing investments are not necessarily an indication of the risk associated with investing in them. Changes to the inputs or methodologies used may result in transfers between levels. A reconciliation of Level 3 securities, if any, will be disclosed following the fair value hierarchy table. For more information about the Portfolio’s policy regarding the valuation of investments, please refer to the Notes to Schedule of Investments.
The following table summarizes the fair value hierarchy of the Portfolio’s investments as of September 30, 2021:
| Description | Level 1 | Level 2 | Level 3 | Total | ||||||||||||
| Total U.S. Treasury & Government Agencies* |
$ | — | $ | 752,109,362 | $ | — | $ | 752,109,362 | ||||||||
| Total Foreign Government* |
— | 106,268,831 | — | 106,268,831 | ||||||||||||
| Total Corporate Bonds & Notes* |
— | 11,049,019 | — | 11,049,019 | ||||||||||||
| Total Asset-Backed Securities* |
— | 8,888,031 | — | 8,888,031 | ||||||||||||
| Total Mortgage-Backed Securities* |
— | 1,549,270 | — | 1,549,270 | ||||||||||||
| Total Short-Term Investment* |
— | 20,561,442 | — | 20,561,442 | ||||||||||||
| Securities Lending Reinvestments |
| |||||||||||||||
| Repurchase Agreements |
— | 12,003,005 | — | 12,003,005 | ||||||||||||
| Time Deposit |
— | 200,000 | — | 200,000 | ||||||||||||
| Mutual Funds |
8,000,000 | — | — | 8,000,000 | ||||||||||||
| Total Securities Lending Reinvestments |
8,000,000 | 12,203,005 | — | 20,203,005 | ||||||||||||
| Total Investments |
$ | 8,000,000 | $ | 912,628,960 | $ | — | $ | 920,628,960 | ||||||||
| Collateral for Securities Loaned (Liability) |
$ | — | $ | (20,203,005 | ) | $ | — | $ | (20,203,005 | ) | ||||||
| Futures Contracts |
| |||||||||||||||
| Futures Contracts (Unrealized Appreciation) |
$ | 919,922 | $ | — | $ | — | $ | 919,922 | ||||||||
| * | See Schedule of Investments for additional detailed categorizations. | |||
BHFTI-388
Brighthouse Funds Trust I
Notes to the Schedule of Investments
Investment Valuation and Fair Value Measurements
Debt securities, including corporate, convertible and municipal bonds and notes; obligations of the U.S. Treasury and U.S. government agencies; foreign sovereign issues; and non-U.S. bonds, are generally valued based upon evaluated or composite bid quotations obtained from independent pricing services and/or brokers and dealers selected by the Brighthouse Investment Advisers, LLC (the “Adviser”) (each as “pricing services”), pursuant to the authorization of and subject to general oversight by the Board of Trustees (the “Board” or “Trustees”) of the Brighthouse Funds Trust I (the “Trust”). Such pricing services may use matrix pricing, which considers observable inputs including, among other things, issuer details, maturity dates, interest rates, yield curves, rates of prepayment, credit risks/spreads, default rates, reported trades, broker dealer quotes and quoted prices for similar assets. Short-term obligations with a remaining maturity of sixty days or less may be valued at amortized cost in the absence of market quotes, so long as the amortized cost value of such short-term debt instrument is approximately the same as the fair value of the instrument as determined without the use of amortized cost valuation. Floating rate loans are generally valued based upon an evaluated or composite average of aggregate bid and ask quotations supplied by brokers or dealers, as obtained from the pricing service. Securities that use similar valuation techniques and inputs as described above are generally categorized as Level 2 within the fair value hierarchy.
Mortgage and asset-backed securities are generally valued based upon evaluated or composite bid quotations obtained from pricing services selected by the Adviser pursuant to authorization of and subject to general oversight by the Board. These securities are usually issued as separate tranches, or classes, of securities within each deal. The pricing models for these securities usually consider tranche level attributes, current market data, estimated cash flows and market-based yield spreads for each tranche and incorporate deal collateral performance, as available. Mortgage and asset-backed securities that use similar valuation techniques and inputs as described above are generally categorized as Level 2 within the fair value hierarchy.
Domestic and foreign equity securities, such as common stock, exchange-traded funds, rights, warrants, and preferred stock, that are traded on a securities exchange on a valuation date are generally valued at their last quoted sale price or official closing price on the primary exchange for such security, or, if no sales occurred on that day, at the last reported bid price. Equity securities traded over-the-counter (“OTC”) are generally valued at the last reported bid price. In the event of a major exchange closing during the trading day, the Adviser may use other market information obtained from quotation reporting systems, established market makers, or pricing services in valuing the securities. Valuation adjustments may be applied to certain foreign equity securities that are traded solely on foreign exchanges that close before the time as of which the Portfolio determines its net asset value (“NAV”) to account for the market movement between the close of the foreign exchanges and the time as of which the Portfolio determines its NAV. The Portfolio may use a systematic fair valuation model provided by a pricing service to value securities principally traded in these foreign markets in order to adjust for possible market movements or other changes that may occur between the close of the foreign exchanges and the time as of which the Portfolio determines its NAV. Foreign equity securities valued using these valuation adjustments are generally categorized as Level 2 within the fair value hierarchy. Equity securities that are actively traded, and have no valuation adjustments applied, are categorized as Level 1 within the fair value hierarchy. Other equity securities traded on inactive markets, or valued in reference to similar instruments traded on active markets, are generally categorized as Level 2 within the fair value hierarchy.
Investments in registered open-end management investment companies are valued at reported NAV per share on the valuation date and are categorized as Level 1 within the fair value hierarchy.
Foreign currency forward contracts are valued through an independent pricing service by interpolating between forward and spot currency rates in the London foreign exchange markets as of a designated hour on a valuation day. These contracts are generally categorized as Level 2 within the fair value hierarchy.
Options, whether on securities, indices, futures contracts, or otherwise, traded on exchanges are valued at the last sale price available as of the close of business on a valuation day or, if there is no such price available, at the last reported bid price. These types of options are categorized as Level 1 within the fair value hierarchy. Futures contracts that are traded on commodity exchanges are valued at their settlement prices established by the exchanges on which they are traded as of the close of such exchanges and are categorized as Level 1 within the fair value hierarchy.
Options, including options on swaps (“swaptions”), currencies, and futures contracts that are traded OTC are generally valued based upon interdealer bid and ask prices or prices provided by pricing service providers who use a series of techniques, including simulation pricing models, to determine the value of the contracts. The pricing models use inputs that are observed from actively quoted markets such as issuer details, indices, spreads, interest rates, yield curves, credit curves, measures of volatility and exchange rates. These contracts are generally categorized as Level 2 within the fair value hierarchy.
Swap contracts (other than centrally cleared swaps) are marked-to-market daily based on quotations and prices supplied by market makers, broker-dealers and other pricing services. Such quotations and prices are derived utilizing observable data, including the underlying reference securities or indices, credit spread quotations and expected default recovery rates determined by the pricing service. These contracts are generally categorized as Level 2 within the fair value hierarchy.
BHFTI-389
Brighthouse Funds Trust I
Notes to the Schedule of Investments
Investment Valuation and Fair Value Measurements—(Continued)
Centrally cleared swaps listed or traded on a multilateral or trade facility platform, such as a registered exchange, are valued at the daily settlement price determined by the respective exchange or a pricing service when the exchange price is not available. For centrally cleared credit default swaps, the clearing facility requires its members to provide actionable price levels across complete
term structures. These levels along with external third party prices are used to produce daily settlement prices. These securities are categorized as Level 2 within the fair value hierarchy. Centrally cleared interest rate swaps are valued using a pricing model that references the underlying rates, including, but not limited to, the overnight index swap rate, London Interbank Offered Rate (“LIBOR”) forward rate or other interest rates, yield curves or credit spreads to produce the daily settlement price. These securities are categorized as Level 2 within the fair value hierarchy.
If no current market quotation or other observable inputs are readily available or market value quotations are deemed to be unreliable for an investment, the fair value of the investment will be determined in accordance with procedures approved by, and under the general supervision of, the Board. In such a circumstance, the Board will be assisted in its responsibility to determine the fair value of an investment by the Valuation Committee (“Committee”) of the Adviser. The Committee provides general pricing oversight and fair value pricing determinations related to portfolio securities and meets on a regular basis to review reports relating to the valuation of the securities in each Portfolio. The Board has delegated to State Street Bank and Trust Company, the Trust’s Custodian (“Custodian”), the responsibility for calculating the NAVs of the Trust’s Portfolios. The Committee is responsible for overseeing the calculation of the NAVs of the Portfolios by the Custodian. The Committee also periodically reviews pricing services, including the pricing services providing fair value pricing for the Portfolio’s foreign securities, and is responsible for overseeing the correction of pricing errors and addressing other pricing issues that arise in the ordinary course of business, such as making real-time fair value determinations, as necessary.
No single standard for determining the fair value of an investment can be set forth because fair value depends upon the facts and circumstances with respect to each investment. Information relating to any relevant factors may be obtained by the Committee from any appropriate source, including the subadviser of the Portfolio, the Custodian, a pricing service, market maker and/or broker for such security or the issuer. Appropriate methodologies for determining fair value under particular circumstances may include: matrix pricing, a discounted cash flow analysis, comparisons of securities with comparable characteristics, value based on multiples of earnings, discount from market price of similar marketable securities or a combination of these and other methods.
For information regarding a Portfolio’s other significant accounting policies, please refer to the Portfolio’s most recent Semiannual or Annual Report.
BHFTI-390