Brighthouse Funds Trust I

Schedule of Investments

September 30, 2021

Brighthouse Funds Trust I

Table of Contents

Schedule of Investments as of September 30, 2021
AB Global Dynamic Allocation Portfolio	BHFTI-1
AB International Bond Portfolio	BHFTI-27
Allspring Mid Cap Value Portfolio (formerly, Wells Capital Management Mid Cap Value Portfolio)	BHFTI-42
American Funds Balanced Allocation Portfolio	BHFTI-46
American Funds Growth Allocation Portfolio	BHFTI-47
American Funds Growth Portfolio	BHFTI-48
American Funds Moderate Allocation Portfolio	BHFTI-49
AQR Global Risk Balanced Portfolio	BHFTI-50
BlackRock Global Tactical Strategies Portfolio	BHFTI-56
BlackRock High Yield Portfolio	BHFTI-61
Brighthouse Asset Allocation 100 Portfolio	BHFTI-91
Brighthouse Balanced Plus Portfolio	BHFTI-92
Brighthouse Small Cap Value Portfolio	BHFTI-96
Brighthouse/Aberdeen Emerging Markets Equity Portfolio	BHFTI-103
Brighthouse/Artisan International Portfolio	BHFTI-106
Brighthouse/Eaton Vance Floating Rate Portfolio	BHFTI-110
Brighthouse/Franklin Low Duration Total Return Portfolio	BHFTI-126
Brighthouse/Templeton International Bond Portfolio	BHFTI-145
Brighthouse/Wellington Large Cap Research Portfolio	BHFTI-151
Clarion Global Real Estate Portfolio	BHFTI-157
Harris Oakmark International Portfolio	BHFTI-161
Invesco Balanced-Risk Allocation Portfolio	BHFTI-165
Invesco Comstock Portfolio	BHFTI-170
Invesco Global Equity Portfolio	BHFTI-174
Invesco Small Cap Growth Portfolio	BHFTI-178
JPMorgan Core Bond Portfolio	BHFTI-184
JPMorgan Global Active Allocation Portfolio	BHFTI-205
JPMorgan Small Cap Value Portfolio	BHFTI-234
Loomis Sayles Global Allocation Portfolio	BHFTI-242
Loomis Sayles Growth Portfolio	BHFTI-255
MetLife Multi-Index Targeted Risk Portfolio	BHFTI-258
MFS® Research International Portfolio	BHFTI-260
Morgan Stanley Discovery Portfolio	BHFTI-264
PanAgora Global Diversified Risk Portfolio	BHFTI-269
PIMCO Inflation Protected Bond Portfolio	BHFTI-285
PIMCO Total Return Portfolio	BHFTI-298
Schroders Global Multi-Asset Portfolio	BHFTI-320
SSGA Emerging Markets Enhanced Index Portfolio	BHFTI-341
SSGA Growth and Income ETF Portfolio	BHFTI-350
SSGA Growth ETF Portfolio	BHFTI-353
T. Rowe Price Large Cap Value Portfolio	BHFTI-356
T. Rowe Price Mid Cap Growth Portfolio	BHFTI-360
TCW Core Fixed Income Portfolio	BHFTI-367
Victory Sycamore Mid Cap Value Portfolio	BHFTI-377
Western Asset Management Government Income Portfolio	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 (Cost $1,374,748,092)				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 (Cost $1,086,102,533)				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 1.700%, 03/20/54 (JPY)		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 10.000%, 11/20/36 (MXN)		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 5.750%, 04/25/29 (PLN)		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 4.000%, 02/11/23 (CHF)		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 (Cost $444,103,219)				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 (Cost $4,732,997)				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 (Cost $298,782)				290,621
Rights—0.0%
Airlines—0.0%
Deutsche Lufthansa AG, Expires 10/05/21 (a) (b)		18,267		49,915
Multi-Utilities—0.0%
Veolia Environnement SA, Expires 10/01/21 (a) (b)		33,629		27,596
Total Rights (Cost $84,231)				77,511
Short-Term Investment—0.9%
Repurchase Agreement—0.9%
Fixed Income Clearing Corp. Repurchase Agreement dated 09/30/21 at 0.000%, due on 10/01/21 with a maturity value of $33,462,759; collateralized by U.S. Treasury Note at 1.250%, maturing 06/30/28, with a market value of $34,132,062.		33,462,759		33,462,759
Total Short-Term Investments (Cost $33,462,759)				33,462,759
Securities Lending Reinvestments (h)—8.3%
Certificates of Deposit—2.4%
Agricultural Bank of China 0.200%, 11/22/21		5,000,000		5,000,290
Bank of Montreal (Chicago) 0.179%, 1M BSBY + 0.120%, 12/01/21 (i)		3,000,000		2,999,946
Certificates of Deposit—(Continued)
Bank of Nova Scotia 0.175%, 3M LIBOR + 0.050%, 11/08/21 (i)		4,000,000		4,000,284
Barclays Bank plc 0.180%, 04/07/22		7,000,000		7,004,039
Cooperatieve Rabobank UA 0.170%, 03/18/22		5,000,000		5,000,000
Credit Industriel et Commercial Zero Coupon, 10/12/21		8,000,000		7,999,680
Goldman Sachs Bank USA 0.170%, 02/04/22		4,000,000		4,000,280
Mitsubishi UFJ Trust and Banking Corp. (London) Zero Coupon, 11/15/21		2,000,000		1,999,680
Mizuho Bank, Ltd. 0.160%, 03/25/22		5,000,000		4,999,755
MUFG Bank Ltd. 0.150%, 01/11/22		3,000,000		3,000,084
National Australia Bank, Ltd. 0.160%, 03/02/22		2,000,000		1,999,900
Natixis S.A. (New York) 0.167%, 3M LIBOR + 0.040%, 02/11/22 (i)		8,000,000		8,001,224
Oversea-Chinese Banking Corp., Ltd. 0.152%, 3M LIBOR + 0.020%, 03/25/22 (i)		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) Zero Coupon, 12/20/21		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. 0.120%, 12/01/21		3,000,000		2,999,145
Bedford Row Funding Corp. 0.214%, 3M LIBOR + 0.080%, 10/21/21 (i)		4,000,000		4,000,244
UBS AG 0.240%, 03/30/22		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. Repurchase Agreement dated 09/30/21 at 0.040%, due on 10/01/21 with a maturity value of $17,044,225; collateralized by U.S. Treasury Obligations with rates ranging from 0.000% - 3.625%, maturity dates ranging from 01/15/22 - 02/15/50, and an aggregate market value of $17,385,091.		17,044,206	$	17,044,206
BofA Securities, Inc. Repurchase Agreement dated 09/30/21 at 0.350%, due on 11/04/21 with a maturity value of $8,002,722; 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 $8,333,791.		8,000,000		8,000,000
CF Secured LLC Repurchase Agreement dated 09/30/21 at 0.050%, due on 10/01/21 with a maturity value of $35,000,049; collateralized by U.S. Treasury Obligations with rates ranging from 0.000% - 4.750%, maturity dates ranging from 11/18/21 - 08/15/50, and an aggregate market value of $35,700,050.		35,000,000		35,000,000
Citigroup Global Markets Ltd. Repurchase Agreement dated 09/30/21 at 0.060%, due on 10/01/21 with a maturity value of $10,000,017; collateralized by U.S. Treasury Obligations with rates ranging from 0.500% - 3.000%, maturity dates ranging from 02/29/24 - 05/15/49, and an aggregate market value of $10,200,001.		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 Repurchase Agreement dated 09/30/21 at 0.150%, due on 10/01/21 with a maturity value of $4,000,017; 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 $4,080,018.		4,000,000		4,000,000
National Bank of Canada Repurchase Agreement dated 09/30/21 at 0.200%, due on 10/07/21 with a maturity value of $62,802,442; collateralized by various Common Stock with an aggregate market value of $69,787,129.		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 0.070%, 10/01/21		5,000,000		5,000,000
First Abu Dhabi Bank USA NV 0.060%, 10/01/21		10,000,000		10,000,000
Landesbank Baden-Wuettertemberg (London) 0.130%, 10/01/21		3,200,000		3,200,000
National Bank of Canada 0.120%, OBFR + 0.050%, 10/07/21 (i)		4,000,000		4,000,000
Skandi New York 0.050%, 10/01/21		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 (Cost $322,934,030)				322,942,075
Total Investments—107.3% (Cost $3,266,466,643)				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 Frequency

Fixed Rate

Payment Frequency

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 Rate

Payment Frequency

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. 0.010%, 10/15/24 (EUR)		828,000	$	966,418
Regional Government—0.1%
Japan Finance Organization for Municipalities 0.050%, 02/12/27 (EUR)		980,000		1,141,327
Sovereign—60.7%
Angolan Government International Bonds 9.125%, 11/26/49 (144A)		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 0.500%, 07/09/30 (a)		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 0.500%, 09/21/26 (AUD)		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 5.625%, 09/30/31 (144A) (c)		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 1.000%, 07/30/42 (144A) (EUR)		5,634,000		6,436,735
Bundesrepublik Deutschland Bundesanleihe Zero Coupon, 08/15/30 (EUR)		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 1.800%, 12/15/24 (144A) (CAD)		5,875,000		4,765,494
1.950%, 12/15/25 (144A) (CAD)		7,160,000		5,831,279
Canadian Government Bonds 0.250%, 03/01/26 (CAD)		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 3.125%, 04/15/31		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 5.750%, 11/03/27 (COP)		7,353,600,000		1,816,442
Commonwealth of Bahamas 8.950%, 10/15/32		1,858,000		1,746,520
Dominican Republic International Bonds 4.875%, 09/23/32		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 5.875%, 01/30/60		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 Zero Coupon, 07/31/30 (144A)		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 3.875%, 02/16/26 (144A)		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 5.875%, 01/30/25		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 4.000%, 07/28/50 (144A)		499,000		443,811
Finland Government Bond 0.500%, 09/15/27 (144A) (EUR)		1,949,000		2,375,269
French Republic Government Bond OAT 0.500%, 06/25/44 (144A) (EUR)		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 6.950%, 06/16/25		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 4.650%, 10/07/41 (144A)		336,000		327,459
Honduras Government International Bond 7.500%, 03/15/24		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 1.000%, 07/28/29 (EUR)		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 7.250%, 02/15/26 (IDR)		44,551,000,000		3,360,703
Ireland Government Bonds Zero Coupon, 10/18/31 (EUR)		4,462,000		5,071,244
1.350%, 03/18/31 (EUR)		1,722,000		2,233,102
Italy Buoni Poliennali Del Tesoro 0.250%, 03/15/28 (144A) (EUR)		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 4.875%, 01/30/32 (EUR)		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 7.625%, 07/09/25		2,620,000		2,980,276
7.875%, 07/28/45		1,180,000		1,638,442
Japan Government Ten Year Bonds 0.100%, 06/20/30 (JPY)		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 0.400%, 12/20/49 (JPY)		677,800,000		5,703,276
0.600%, 09/20/50 (JPY)		565,900,000		5,002,516
Japan Government Twenty Year Bonds 0.400%, 06/20/41 (JPY)		395,650,000		3,521,159
0.500%, 09/20/36 (JPY)		2,751,600,000		25,553,944
Kazakhstan Government International Bond 5.125%, 07/21/25		1,084,000		1,244,562
Kenya Government International Bond 6.875%, 06/24/24		2,510,000		2,746,266
Kingdom of Belgium Government Bond 1.450%, 06/22/37 (144A) (EUR)		2,803,000		3,730,636
Korea Treasury Bonds 1.250%, 03/10/26 (KRW)		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 6.000%, 01/27/23 (d)		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 4.498%, 04/15/30 (MYR)		8,253,000		2,124,369
Mexican Bonos 7.750%, 05/29/31 (MXN)		116,496,800		5,786,208
8.000%, 11/07/47 (MXN)		69,071,000		3,369,008
Mexico Government International Bonds 3.375%, 02/23/31 (EUR)		1,795,000		2,391,124
Sovereign—(Continued)
Mexico Government International Bonds 5.000%, 04/27/51		1,334,000		1,462,918
Mongolia Government International Bond 5.625%, 05/01/23		1,034,000		1,085,231
New Zealand Government Bond 2.750%, 04/15/25 (NZD)		6,250,000		4,518,685
Nigeria Government International Bonds 6.125%, 09/28/28 (144A)		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 4.875%, 02/01/25		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 6.875%, 12/05/27		1,144,000		1,149,812
7.375%, 04/08/31		2,481,000		2,474,797
Panama Bonos del Tesoro 3.362%, 06/30/31		1,759,000		1,772,193
Panama Government International Bonds 3.160%, 01/23/30		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 3.750%, 04/17/26		1,230,000		1,319,790
Paraguay Government International Bond 4.950%, 04/28/31 (144A)		650,000		733,200
Peru Government Bond 6.150%, 08/12/32 (PEN)		17,331,000		4,062,552
Perusahaan Penerbit SBSN Indonesia III 4.150%, 03/29/27		570,000		636,069
Peruvian Government International Bonds 3.230%, 07/28/21 (c)		810,000		671,061
3.750%, 03/01/30 (EUR)		820,000		1,125,569
Philippine Government International Bond 3.200%, 07/06/46		1,404,000		1,379,293
Province of Ontario Canada 2.600%, 06/02/27 (CAD)		1,645,000		1,374,691
Province of Quebec Canada 2.750%, 09/01/27 (CAD)		3,225,000		2,724,598
Qatar Government International Bonds 4.400%, 04/16/50 (144A)		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 0.500%, 02/20/29 (144A) (EUR)		9,888,000		12,021,699
Republic of Azerbaijan International Bond 4.750%, 03/18/24		672,000		718,524
Republic of South Africa Government Bond 7.000%, 02/28/31 (ZAR)		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 5.000%, 10/12/46		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 7.950%, 10/07/26 (RUB)		293,984,000		4,174,259
Russian Foreign Bond - Eurobonds 4.250%, 06/23/27		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 3.250%, 10/22/30 (144A)		689,000		737,453
5.250%, 01/16/50		1,357,000		1,755,062
Senegal Government International Bonds 6.250%, 05/23/33		599,000		623,706
6.750%, 03/13/48		2,204,000		2,224,651
Serbia International Bond 2.125%, 12/01/30 (144A)		385,000		360,082
Sri Lanka Government International Bonds 6.850%, 11/03/25		1,370,000		854,113
7.850%, 03/14/29		756,000		457,818
Thailand Government Bond 2.875%, 12/17/28 (THB)		92,220,000		2,973,757
Turkey Government International Bonds 4.750%, 01/26/26		1,231,000		1,188,727
4.875%, 04/16/43		5,286,000		4,106,693
Ukraine Government International Bonds Zero Coupon, 05/31/40 (e)		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 1.250%, 10/22/41 (GBP)		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 4.375%, 01/23/31		676,097		781,724
4.975%, 04/20/55		592,005		740,586
Zambia Government International Bond 8.970%, 07/30/27		4,053,000		3,126,071
				506,965,896
Total Foreign Government (Cost $528,854,386)				509,073,641
Corporate Bonds & Notes—28.5%
Aerospace/Defense—0.5%
Bombardier, Inc. 7.500%, 03/15/25 (144A)		1,000,000		1,021,220
Aerospace/Defense—(Continued)
Embraer Netherlands Finance B.V. 5.400%, 02/01/27		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. 6.250%, 03/15/26 (144A)		570,000		594,225
				4,403,699
Agriculture—0.5%
Altria Group, Inc. 3.125%, 06/15/31 (EUR)		1,100,000		1,457,382
BAT Capital Corp. 4.906%, 04/02/30		600,000		687,006
BAT International Finance plc 6.000%, 11/24/34 (GBP)		305,000		519,104
Imperial Brands Finance Netherlands B.V. 1.750%, 03/18/33 (EUR)		1,001,000		1,154,307
				3,817,799
Apparel—0.1%
Levi Strauss & Co. 3.375%, 03/15/27 (EUR)		915,000		1,087,825
Auto Manufacturers—0.5%
BMW Finance NV 1.000%, 08/29/25 (EUR)		935,000		1,129,802
Dongfeng Motor Hong Kong International Co., Ltd. 1.150%, 10/23/21 (EUR)		337,000		390,403
Harley-Davidson Financial Services, Inc. 3.350%, 06/08/25 (144A)		291,000		309,005
Volkswagen International Finance NV 0.875%, 09/22/28 (EUR)		800,000		953,732
1.875%, 03/30/27 (EUR)		600,000		752,191
Volkswagen Leasing GmbH 1.125%, 04/04/24 (EUR)		780,000		928,540
				4,463,673
Auto Parts & Equipment—0.1%
Schaeffler AG 2.750%, 10/12/25 (EUR)		700,000		862,405
ZF Finance GmbH 2.000%, 05/06/27 (EUR)		300,000		349,242
				1,211,647
Banks—6.2%
Banco Bilbao Vizcaya Argentaria S.A. 1.000%, 06/21/26 (EUR)		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 2.500%, 08/11/30 (144A)		852,000		817,068
Banco Santander S.A. 1.125%, 06/23/27 (EUR)		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 3.733%, 5Y H15 + 1.900%, 09/25/34 (144A) (e)		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. 1.776%, 3M EURIBOR + 1.200%, 05/04/27 (EUR) (e)		1,464,000	$	1,815,580
BNP Paribas S.A. 3.375%, 01/23/26 (GBP)		795,000		1,154,761
CaixaBank S.A. 0.375%, 3M EURIBOR + 0.850%, 11/18/26 (EUR) (e)		1,000,000		1,161,512
Citigroup, Inc. 1.500%, 3M EURIBOR + 1.074%, 07/24/26 (EUR) (e)		1,290,000		1,570,410
1.750%, 10/23/26 (GBP)		605,000		826,337
Commonwealth Bank of Australia 1.936%, 5Y EUR Swap + 1.450%, 10/03/29 (EUR) (e)		955,000		1,158,405
Cooperatieve Rabobank UA 3.250%, 5Y EUR Swap + 3.702%, 12/29/26 (EUR) (e)		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 1.250%, 1Y EUR Swap + 0.750%, 07/17/25 (EUR) (e)		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 0.750%, 1M EURIBOR ICE Swap + 0.880%, 06/09/29 (EUR) (e)		1,175,000		1,359,863
Deutsche Bank AG 3.875%, 02/12/24 (GBP)		800,000		1,141,088
Dexia Credit Local S.A. 0.625%, 02/03/24 (EUR)		3,000,000		3,557,269
DNB Boligkreditt 0.625%, 06/19/25 (EUR)		433,000		518,739
Goldman Sachs Group, Inc. (The) 1.250%, 05/01/25 (EUR)		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 6.000%, 5Y EUR Swap + 5.338%, 09/29/23 (EUR) (e)		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 3.000%, 02/18/26 (GBP)		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. 3.928%, 09/15/26 (EUR)		870,000		1,139,258
JPMorgan Chase & Co. 1.090%, 3M EURIBOR + 0.760%, 03/11/27 (EUR) (e)		1,400,000		1,684,702
Kreditanstalt fuer Wiederaufbau Zero Coupon, 06/15/29 (EUR)		605,000		707,137
Lloyds Banking Group plc 7.500%, 5Y USD Swap + 4.760%, 06/27/24 (e)		1,045,000		1,169,094
Morgan Stanley 0.406%, 3M EURIBOR + 0.698%, 10/29/27 (EUR) (e)		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 2.000%, 3M EURIBOR + 1.737%, 03/04/25 (EUR) (e)		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 1.375%, 5M EURIBOR ICE Swap + 1.600%, 06/17/33 (EUR) (e)		400,000		464,114
Societe Generale S.A. 7.875%, 5Y USD Swap + 4.979%, 12/18/23 (e)		1,060,000		1,168,109
Standard Chartered plc 1.639%, 3M LIBOR + 1.510%, 01/30/27 (144A) (e)		1,000,000		970,000
Swedbank AB 6.000%, 5Y USD Swap + 4.106%, 03/17/22 (e)		800,000		814,000
Truist Financial Corp. 5.100%, 10Y H15 + 4.349%, 03/01/30 (e)		880,000		1,011,560
Turkiye Vakiflar Bankasi TAO 6.500%, 01/08/26 (144A)		294,000		298,630
UniCredit S.p.A. 1.200%, 3M EURIBOR + 1.350%, 01/20/26 (EUR) (e)		1,205,000		1,428,809
				52,085,594
Beverages—0.1%
Central American Bottling Corp. 5.750%, 01/31/27 (144A)		826,000		850,780
Building Materials—0.2%
Cemex S.A.B. de C.V. 3.875%, 07/11/31 (144A)		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. 3.250%, 02/25/31 (144A)		303,000		306,033
Braskem Idesa SAPI 7.450%, 11/15/29		783,000		830,380
Braskem Netherlands Finance B.V. 4.500%, 01/10/28		253,000		268,787
INEOS Quattro Finance 2 plc 2.500%, 01/15/26 (144A) (EUR)		940,000		1,098,346
Olympus Water U.S. Holding Corp. 3.875%, 10/01/28 (144A) (EUR)		198,000		229,399
				2,732,945
Coal—0.1%
Indika Energy Capital IV Pte, Ltd. 8.250%, 10/22/25 (144A)		789,000		820,560
Commercial Services—0.7%
Autopistas del Sol S.A. 7.375%, 12/30/30		857,954		894,417
Bidvest Group UK plc 3.625%, 09/23/26 (144A)		660,000		659,538
DP World Crescent, Ltd. 4.848%, 09/26/28		576,000		656,369
DP World plc 4.700%, 09/30/49		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 5.625%, 09/25/48		665,000	$	819,746
Intertrust Group B.V. 3.375%, 11/15/25 (EUR)		925,000		1,089,742
Square, Inc. 2.750%, 06/01/26 (144A)		938,000		950,804
TransJamaican Highway, Ltd. 5.750%, 10/10/36 (144A)		764,036		764,036
				6,165,656
Diversified Financial Services—0.4%
Aircastle, Ltd. 2.850%, 01/26/28 (144A)		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 3.500%, 11/01/27 (144A)		214,000		225,422
4.375%, 01/30/24 (144A)		459,000		490,092
GE Capital European Funding Unlimited Co. 4.625%, 02/22/27 (EUR)		300,000		426,133
Intercorp Financial Services, Inc. 4.125%, 10/19/27		745,000		752,450
Intercorp Peru, Ltd. 3.875%, 08/15/29 (144A)		303,000		295,595
3.875%, 08/15/29		200,000		195,112
Lincoln Financing Sarl 3.625%, 04/01/24 (144A) (EUR)		206,000		240,565
				3,718,932
Electric—4.2%
Abu Dhabi National Energy Co. PJSC 4.000%, 10/03/49 (144A)		1,200,000		1,374,000
AES Andes S.A. 6.350%, 5Y H15 + 4.917%, 10/07/79 (144A) (e)		457,000		483,401
AES Panama Generation Holdings SRL 4.375%, 05/31/30 (144A)		817,000		842,327
Alfa Desarrollo S.p.A. 4.550%, 09/27/51 (144A)		797,000		777,474
Cemig Geracao e Transmissao S.A. 9.250%, 12/05/24		837,000		947,902
Chile Electricity PEC S.p.A. Zero Coupon, 01/25/28 (144A) (c)		957,000		782,348
Colbun S.A. 3.950%, 10/11/27		200,000		218,002
4.500%, 07/10/24		422,000		452,599
Comision Federal de Electricidad 3.348%, 02/09/31 (144A) (c)		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. 4.700%, 04/16/34		785,000		870,369
E.ON International Finance B.V. 1.250%, 10/19/27 (EUR)		755,000		927,379
EDP Finance B.V. 0.375%, 09/16/26 (EUR)		1,200,000		1,404,059
Empresas Publicas de Medellin E.S.P. 4.250%, 07/18/29 (144A)		897,000		893,188
Electric—(Continued)
Enel Finance International NV 0.500%, 06/17/30 (EUR)		1,580,000		1,820,101
Enel Generacion Chile S.A. 4.250%, 04/15/24		749,000		799,469
Engie Energia Chile S.A. 3.400%, 01/28/30 (144A)		1,576,000		1,619,340
Eskom Holdings SOC, Ltd. 6.350%, 08/10/28		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. 1.450%, 5Y EUR Swap + 1.832%, 11/09/26 (EUR) (e)		700,000		817,393
Lamar Funding, Ltd. 3.958%, 05/07/25		1,772,000		1,771,433
Minejesa Capital BV 5.625%, 08/10/37		360,000		380,340
NextEra Energy Capital Holdings, Inc. 1.900%, 06/15/28		267,000		267,168
Orsted A/S 1.750%, 5M EURIBOR ICE Swap + 1.952%, 12/09/3019 (EUR) (e)		513,000		612,061
Perusahaan Perseroan Persero PT Perusahaan Listrik Negara 3.875%, 07/17/29 (144A)		988,000		1,045,996
5.450%, 05/21/28		1,537,000		1,786,762
SSE plc 0.875%, 09/06/25 (EUR)		1,005,000		1,198,007
8.375%, 11/20/28 (GBP)		695,000		1,333,568
Trinidad Generation UnLtd 5.250%, 11/04/27		962,000		984,857
Vattenfall AB 3.000%, 5Y EUR Swap + 2.511%, 03/19/77 (EUR) (e)		732,000		913,625
Zorlu Yenilenebilir Enerji AS 9.000%, 06/01/26 (144A)		1,211,000		1,183,874
				35,366,979
Energy-Alternate Sources—0.2%
Empresa Electrica Cochrane S.p.A. 5.500%, 05/14/27 (144A) (c)		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. 4.000%, 08/11/41 (144A)		363,000		373,144
5.125%, 08/11/61 (144A)		404,000		422,988
Bioceanico Sovereign Certificate, Ltd. Zero Coupon, 06/05/34 (144A)		919,203		691,701
Rutas 2 and 7 Finance, Ltd. Zero Coupon, 09/30/36 (144A)		650,000		482,625
State Agency of Roads of Ukraine 6.250%, 06/24/28 (144A)		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 4.350%, 09/29/26		221,000	$	227,301
Mondelez International, Inc. 0.250%, 09/09/29 (144A) (EUR)		692,000		785,905
				1,013,206
Forest Products & Paper—0.4%
Inversiones CMPC S.A. 3.850%, 01/13/30 (144A)		275,000		290,812
Suzano Austria GmbH 3.750%, 01/15/31		1,740,000		1,787,415
WEPA Hygieneprodukte GmbH 2.875%, 12/15/27 (144A) (EUR)		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 4.875%, 05/15/30 (144A)		501,000		566,756
Healthcare-Products—0.2%
Avantor Funding, Inc. 2.625%, 11/01/25 (EUR)		225,000		266,368
2.625%, 11/01/25 (144A) (EUR)		524,000		620,341
Mozart Debt Merger Sub, Inc. 3.875%, 04/01/29 (144A)		685,000		685,000
				1,571,709
Healthcare-Services—0.1%
Centene Corp. 2.450%, 07/15/28		413,000		415,065
Tenet Healthcare Corp. 4.625%, 07/15/24		288,000		292,320
				707,385
Home Builders—0.1%
MDC Holdings, Inc. 6.000%, 01/15/43		771,000		970,689
Insurance—0.7%
Assicurazioni Generali S.p.A. 5.500%, 3M EURIBOR + 5.350%, 10/27/47 (EUR) (e)		700,000		996,911
CNP Assurances 2.500%, 3M EURIBOR + 3.650%, 06/30/51 (EUR) (e)		300,000		372,766
Credit Agricole Assurances S.A. 4.750%, 5Y EUR Swap + 5.350%, 09/27/48 (EUR) (e)		600,000		851,387
Liberty Mutual Group, Inc. 3.625%, 5Y EUR Swap + 3.700%, 05/23/59 (EUR) (e)		695,000		840,878
Nationwide Mutual Insurance Co. 9.375%, 08/15/39 (144A)		567,000		988,260
Principal Financial Group, Inc. 3.169%, 3M LIBOR + 3.044%, 05/15/55 (c) (e)		300,000		300,698
Prudential Financial, Inc. 5.200%, 3M LIBOR + 3.040%, 03/15/44 (e)		642,000		686,851
Insurance—(Continued)
Voya Financial, Inc. 5.650%, 3M LIBOR + 3.580%, 05/15/53 (e)		589,000		621,395
				5,659,146
Internet—0.6%
Baidu, Inc. 1.625%, 02/23/27		473,000		466,604
3.075%, 04/07/25		284,000		297,897
Netflix, Inc. 3.625%, 05/15/27 (EUR)		300,000		401,368
4.625%, 05/15/29 (EUR)		492,000		713,837
Prosus NV 3.680%, 01/21/30 (144A)		1,951,000		2,024,086
Weibo Corp. 3.375%, 07/08/30		850,000		848,750
				4,752,542
Investment Companies—0.8%
Huarong Finance Co., Ltd. 3.250%, 11/13/24		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. 4.625%, 06/03/26		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. 1.000%, 12/20/27 (EUR)		900,000		1,065,473
MDC-GMTN B.V. 4.500%, 11/07/28		1,356,000		1,579,740
				6,928,538
Iron/Steel—0.1%
CSN Resources S.A. 4.625%, 06/10/31 (144A)		677,000		668,537
Leisure Time—0.1%
Carnival plc 1.000%, 10/28/29 (EUR)		798,000		716,936
Lodging—0.1%
Las Vegas Sands Corp. 3.900%, 08/08/29		978,000		996,890
Machinery-Diversified—0.3%
Colfax Corp. 3.250%, 05/15/25 (EUR)		770,000		898,173
TK Elevator Midco GmbH 4.375%, 07/15/27 (144A) (EUR)		1,000,000		1,209,039
				2,107,212
Media—0.4%
CCO Holdings LLC / CCO Holdings Capital Corp. 4.500%, 08/15/30 (144A)		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. 4.800%, 03/01/50		107,000	$	120,076
5.125%, 07/01/49		502,000		590,476
Discovery Communications LLC 4.650%, 05/15/50		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. 4.875%, 01/22/30 (144A) (c)		421,000		417,001
				3,185,213
Mining—1.2%
Cia de Minas Buenaventura SAA 5.500%, 07/23/26 (144A)		857,000		847,187
Corp. Nacional del Cobre de Chile 3.000%, 09/30/29 (144A)		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. 5.125%, 05/15/24 (144A)		407,000		438,054
Indonesia Asahan Aluminium Persero PT 5.800%, 05/15/50 (144A)		534,000		624,112
Nexa Resources S.A. 6.500%, 01/18/28		2,560,000		2,810,906
Vedanta Resources Finance II plc 13.875%, 01/21/24		908,000		981,775
Volcan Cia Minera SAA 4.375%, 02/11/26 (144A)		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. 1.875%, 05/28/27 (EUR)		111,000		139,129
Oil & Gas—5.4%
BP Capital Markets plc 3.625%, 5Y EUR Swap + 4.120%, 03/22/29 (EUR) (e)		875,000		1,097,175
Devon Energy Corp. 5.600%, 07/15/41		985,000		1,227,362
Ecopetrol S.A. 6.875%, 04/29/30		1,526,000		1,786,183
7.375%, 09/18/43		1,645,000		1,928,762
Eni S.p.A. 3.375%, 5Y EUR Swap + 3.641%, 07/13/29 (EUR) (e)		935,000		1,153,781
Gran Tierra Energy International Holdings, Ltd. 6.250%, 02/15/25		2,245,000		1,941,947
Gran Tierra Energy, Inc. 7.750%, 05/23/27 (144A)		355,000		307,608
7.750%, 05/23/27		482,000		417,653
KazMunayGas National Co. JSC 5.750%, 04/19/47		1,179,000		1,414,659
Kosmos Energy, Ltd. 7.500%, 03/01/28 (144A)		545,000		528,650
Leviathan Bond, Ltd. 6.125%, 06/30/25 (144A)		324,995		352,053
6.750%, 06/30/30 (144A)		531,793		587,631
Oil & Gas—(Continued)
Medco Oak Tree Pte, Ltd. 7.375%, 05/14/26 (144A) (c)		622,000		660,875
NAK Naftogaz Ukraine via Kondor Finance plc 7.625%, 11/08/26 (144A)		505,000		502,528
Oil and Gas Holding Co. BSCC (The) 7.500%, 10/25/27		1,830,000		2,001,562
7.625%, 11/07/24		1,079,000		1,182,139
Pertamina Persero PT 5.625%, 05/20/43		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. 8.750%, 05/23/26		888,000		1,119,102
Petroleos Mexicanos 5.950%, 01/28/31 (c)		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. 3.903%, 12/06/59 (144A) (c)		376,000		393,038
Qatar Petroleum 3.300%, 07/12/51 (144A)		977,000		986,770
SEPLAT Energy plc 7.750%, 04/01/26 (144A)		966,000		1,005,848
SierraCol Energy Andina LLC 6.000%, 06/15/28 (144A)		400,000		391,080
Sinopec Group Overseas Development, Ltd. 2.700%, 05/13/30		1,903,000		1,945,802
State Oil Co. of the Azerbaijan Republic 6.950%, 03/18/30		701,000		862,606
Suncor Energy, Inc. 6.500%, 06/15/38		248,000		344,551
6.850%, 06/01/39		252,000		363,177
Tengizchevroil Finance Co. International, Ltd. 3.250%, 08/15/30		730,000		739,505
3.250%, 08/15/30 (144A)		552,000		559,187
TotalEnergies SE 1.625%, 5Y EUR Swap + 1.993%, 10/25/27 (EUR) (e)		595,000		690,073
Tullow Oil plc 10.250%, 05/15/26 (144A)		1,440,000		1,503,734
UGI International LLC 3.250%, 11/01/25 (EUR)		510,000		598,957
				45,255,692
Packaging & Containers—0.3%
Ardagh Metal Packaging Finance USA LLC 2.000%, 09/01/28 (144A) (EUR)		945,000		1,101,482
3.250%, 09/01/28 (144A)		579,000		577,553
Klabin Austria GmbH 3.200%, 01/12/31 (144A)		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 0.375%, 07/06/24 (EUR)		1,200,000	$	1,406,898
Cheplapharm Arzneimittel GmbH 3.500%, 02/11/27 (144A) (EUR)		153,000		179,221
Grifols S.A. 1.625%, 02/15/25 (144A) (EUR)		817,000		946,391
				2,532,510
Pipelines—0.6%
Energy Transfer L.P. 6.250%, 04/15/49		1,050,000		1,379,711
Oleoducto Central S.A. 4.000%, 07/14/27 (144A)		260,000		267,800
Peru LNG Srl 5.375%, 03/22/30		1,453,000		1,176,930
Southern Gas Corridor CJSC 6.875%, 03/24/26		454,000		534,158
Transportadora de Gas Internacional S.A. ESP 5.550%, 11/01/28		854,000		970,827
Venture Global Calcasieu Pass LLC 3.875%, 08/15/29 (144A)		515,000		530,476
				4,859,902
Real Estate—0.3%
ADLER Group S.A. 3.250%, 08/05/25 (EUR)		900,000		917,413
Central China Real Estate, Ltd. 7.750%, 05/24/24		203,000		123,722
China Aoyuan Group, Ltd. 5.375%, 09/13/22		216,000		194,930
5.880%, 03/01/27		203,000		154,636
China SCE Group Holdings, Ltd. 6.000%, 02/04/26		203,000		181,685
KWG Group Holdings, Ltd. 6.000%, 08/14/26		202,000		179,101
RKPF Overseas 2019 A, Ltd. 6.000%, 09/04/25		202,000		193,947
Ronshine China Holdings, Ltd. 7.100%, 01/25/25		203,000		138,020
Sunac China Holdings, Ltd. 5.950%, 04/26/24		202,000		159,176
Times China Holdings, Ltd. 5.750%, 01/14/27		203,000		179,695
Yango Justice International, Ltd. 7.500%, 02/17/25		203,000		132,031
Yuzhou Group Holdings Co., Ltd. 6.350%, 01/13/27		203,000		130,219
Zhenro Properties Group, Ltd. 6.630%, 01/07/26		203,000		171,401
				2,855,976
Real Estate Investment Trusts—0.3%
Digital Euro Finco LLC 2.500%, 01/16/26 (EUR)		1,090,000		1,378,238
Real Estate Investment Trusts—(Continued)
Vornado Realty L.P. 3.400%, 06/01/31		906,000		937,526
				2,315,764
Software—0.0%
Fidelity National Information Services, Inc. 0.625%, 12/03/25 (EUR)		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 4.500%, 03/30/27 (144A)		1,049,000		1,098,827
Hazine Mustesarligi Varlik Kiralama A/S 5.125%, 06/22/26 (144A)		458,000		452,440
				1,551,267
Telecommunications—0.7%
AT&T, Inc. 2.875%, 5M EURIBOR ICE Swap + 3.140%, 03/02/25 (EUR) (e)		400,000		468,552
CK Hutchison Group Telecom Finance S.A. 0.750%, 04/17/26 (EUR)		1,035,000		1,227,776
Deutsche Telekom International Finance B.V. 8.875%, 11/27/28 (GBP)		530,000		1,051,942
Digicel Group, Ltd. 10.000%, 04/01/24 (f)		1,935,879		1,935,879
Xiaomi Best Time International, Ltd. 2.875%, 07/14/31 (144A)		1,074,000		1,064,017
				5,748,166
Transportation—0.6%
Empresa de Transporte de Pasajeros Metro S.A. 3.650%, 05/07/30 (144A)		200,000		216,827
5.000%, 01/25/47		200,000		239,250
FedEx Corp. 0.450%, 05/04/29 (EUR)		924,000		1,062,580
InPost S.A. 2.250%, 07/15/27 (144A) (EUR)		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. 6.748%, 06/01/34 (144A)		361,369		381,519
				4,812,174
Total Corporate Bonds & Notes (Cost $230,535,306)				238,129,489
Asset-Backed Securities—2.6%
Asset-Backed - Other—2.5%
Ares XXXIV CLO, Ltd. 2.134%, 3M LIBOR + 2.000%, 04/17/33 (144A) (e)		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. Zero Coupon, 3M LIBOR + 1.200%, 07/20/34 (144A) (e)		1,350,416	$	1,351,368
Black Diamond CLO, Ltd. 1.568%, 3M LIBOR + 1.430%, 07/23/32 (144A) (e)		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. 1.269%, 3M LIBOR + 1.130%, 07/20/34 (144A) (e)		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. 1.241%, 3M LIBOR + 1.130%, 07/17/35 (144A) (e)		1,374,102		1,374,832
Octagon Investment Partners, Ltd. 3.225%, 3M LIBOR + 3.100%, 01/24/33 (144A) (e)		1,509,124		1,523,391
OZLM, Ltd. 1.676%, 3M LIBOR + 1.550%, 04/15/31 (144A) (e)		3,000,000		2,998,437
Pikes Peak CLO 1.322%, 3M LIBOR + 1.170%, 07/20/34 (144A) (e)		968,631		968,375
				21,325,618
Asset-Backed - Student Loan—0.1%
Nelnet Student Loan Trust 2.530%, 04/20/62 (144A)		548,158		540,636
Total Asset-Backed Securities (Cost $21,806,862)				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 (Cost $19,776,562)				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. 2.636%, 1M LIBOR + 2.550%, 07/25/29 (144A) (e)		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 1.684%, 1M LIBOR + 1.600%, 06/15/38 (144A) (e)		310,000		310,187
JPMorgan Chase Commercial Mortgage Securities Trust 4.508%, 12/15/47 (144A) (e)		1,500,000		1,125,105
				1,435,292
Total Mortgage-Backed Securities (Cost $16,664,210)				17,898,694
Short-Term Investment—1.1%
Repurchase Agreement—1.1%
Fixed Income Clearing Corp. Repurchase Agreement dated 09/30/21 at 0.000%, due on 10/01/21 with a maturity value of $8,914,178; collateralized by U.S. Treasury Note at 1.250%, maturing 06/30/28, with a market value of $9,092,509.		8,914,178		8,914,178
Total Short-Term Investments (Cost $8,914,178)				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 Repurchase Agreement dated 09/30/21 at 0.190%, due on 10/01/21 with a maturity value of $600,003; collateralized by various Common Stock with an aggregate market value of $666,741.		600,000	$	600,000
BofA Securities, Inc. Repurchase Agreement dated 09/30/21 at 0.050%, due on 10/01/21 with a maturity value of $906,404; collateralized by U.S. Treasury Note with rates ranging from 0.125% - 0.875%, maturity dates ranging from 07/15/22 - 01/15/31, and an aggregate market value of $924,531.		906,403		906,403
Cantor Fitzgerald & Co. Repurchase Agreement dated 09/30/21 at 0.055%, due on 10/01/21 with a maturity value of $1,000,002; collateralized by U.S. Treasury and U.S. Government Agency Obligations with rates ranging from 0.000% - 5.500%, maturity dates ranging from 11/01/26 - 07/20/71, and an aggregate market value of $1,020,000.		1,000,000		1,000,000
CF Secured LLC 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% - 4.750%, maturity dates ranging from 11/18/21 - 08/15/50, and an aggregate market value of $1,020,001.		1,000,000		1,000,000
ING Financial Markets LLC Repurchase Agreement dated 09/30/21 at 0.040%, due on 10/01/21 with a maturity value of $1,000,001; collateralized by U.S. Treasury and Foreign Obligations with rates ranging from 0.065% - 6.625%, maturity dates ranging from 10/12/21 - 01/04/35, and an aggregate market value of $1,020,000.		1,000,000		1,000,000
				4,506,403
Time Deposit—0.0%
Landesbank Baden-Wuettertemberg (London) 0.130%, 10/01/21		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 0.030% (h)		200,000		200,000
Wells Fargo Government Money Market Fund, Select Class 0.030% (h)		200,000		200,000
				700,000
Total Securities Lending Reinvestments (Cost $5,258,200)				5,258,201
Total Investments—98.3% (Cost $831,809,704)				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	Floating Rate Index	Payment Frequency	Fixed Rate	Payment Frequency	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	Floating Rate Index	Payment Frequency		Fixed Rate	Payment Frequency	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 (Cost $388,134,161)				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) (Cost $2,221,957)		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 (Cost $250,947)				74,308
Short-Term Investment—0.3%
Repurchase Agreement—0.3%
Fixed Income Clearing Corp. Repurchase Agreement dated 09/30/21 at 0.000%, due on 10/01/21 with a maturity value of $1,426,499; collateralized by U.S. Treasury Note at 1.250%, maturing 06/30/28, with a market value of $1,455,113.		1,426,499		1,426,499
Total Short-Term Investments (Cost $1,426,499)				1,426,499
Securities Lending Reinvestments (c) — 10.5%
Certificates of Deposit—0.9%
Cooperatieve Rabobank UA 0.159%, 3M LIBOR + 0.040%, 01/11/22 (d)		1,000,000		1,000,140
0.170%, 03/18/22		500,000		500,000
Royal Bank of Canada New York 0.185%, 3M LIBOR + 0.040%, 10/05/21 (d)		1,000,000		1,000,011
Sumitomo Mitsui Trust Bank, Ltd. 0.060%, 10/05/21		2,000,000		1,999,988
				4,500,139
Repurchase Agreements—7.9%
Barclays Bank plc Repurchase Agreement dated 09/30/21 at 0.190%, due on 10/01/21 with a maturity value of $2,000,011; collateralized by various Common Stock with an aggregate market value of $2,222,469.		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. Repurchase Agreement dated 09/30/21 at 0.040%, due on 10/01/21 with a maturity value of $5,074,836; collateralized by U.S. Treasury Obligations with rates ranging from 0.000% - 3.625%, maturity dates ranging from 01/15/22 - 02/15/50, and an aggregate market value of $5,176,327.		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. Repurchase Agreement dated 09/30/21 at 0.055%, due on 10/01/21 with a maturity value of $2,000,003; collateralized by U.S. Treasury and U.S. Government Agency Obligations with rates ranging from 0.000% - 5.500%, maturity dates ranging from 11/01/26 - 07/20/71, and an aggregate market value of $2,040,000.		2,000,000	$	2,000,000
CF Secured LLC 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% - 4.750%, maturity dates ranging from 11/18/21 - 08/15/50, and an aggregate market value of $5,100,007.		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 $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 $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 Repurchase Agreement dated 09/30/21 at 0.150%, due on 10/01/21 with a maturity value of $1,000,004; 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 $1,020,004.		1,000,000		1,000,000
ING Financial Markets LLC Repurchase Agreement dated 09/30/21 at 0.040%, due on 10/01/21 with a maturity value of $5,000,006; collateralized by U.S. Treasury and Foreign Obligations with rates ranging from 0.065% - 6.625%, maturity dates ranging from 10/12/21 - 01/04/35, and an aggregate market value of $5,100,001.		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 $1,600,073; 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 $1,776,050.		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 Repurchase Agreement dated 09/30/21 at 0.050%, due on 10/01/21 with a maturity value of $4,000,006; 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 $4,080,204.		4,000,000		4,000,000
Societe Generale 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 $2,439,119; 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 0.060%, 10/01/21		2,000,000		2,000,000
Landesbank Baden-Wuettertemberg (London) 0.130%, 10/01/21		500,000		500,000
National Bank of Canada 0.120%, OBFR + 0.050%, 10/07/21 (d)		1,000,000		1,000,000
				3,500,000
Mutual Funds—1.0%
BlackRock Liquidity Funds FedFund, Institutional Shares 0.030% (e)		5,000,000		5,000,000
Total Securities Lending Reinvestments (Cost $52,813,854)				52,813,993
Total Investments—110.6% (Cost $444,847,418)				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 (Cost $3,977,848,166)				4,963,349,225
Total Investments—100.1% (Cost $3,977,848,166)				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 (Cost $2,527,550,333)				3,421,766,005
Total Investments—100.1% (Cost $2,527,550,333)				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) (Cost $1,194,410,037)		15,304,501	$	1,816,950,378
Total Investments—100.1% (Cost $1,194,410,037)				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 (Cost $2,242,506,664)				2,627,060,449
Total Investments—100.1% (Cost $2,242,506,664)				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 Amount*		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 (Cost $837,902,136)				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 (Cost $499,909,982)				530,128,230
Short-Term Investments—47.9%
Mutual Funds—32.8%
BlackRock Liquidity Funds T-Fund Portfolio, Institutional Shares 0.010% (b)		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 Class 0.040% (b) (c)		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 Class 0.010% (b)		249,343,187		249,343,187
				947,665,695

Security Description	Principal Amount*		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 (Cost $1,384,429,601)				1,384,429,547
Total Investments—95.9% (Cost $2,722,241,719)				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 ETF (a) (b)		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 (Cost $4,175,080,706)				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. Repurchase Agreement dated 09/30/21 at 0.000%, due on 10/01/21 with a maturity value of $172,541,342; collateralized by U.S. Treasury Note at 1.250%, maturing 06/30/28, with a market value of $175,992,226.		172,541,342		172,541,342
Total Short-Term Investments (Cost $518,947,944)				518,947,944
Securities Lending Reinvestments (d)—22.6%
Certificates of Deposit—7.8%
Agricultural Bank of China 0.200%, 11/22/21		20,000,000		20,001,160
Bank of Montreal (Chicago) 0.179%, 1M BSBY + 0.120%, 12/01/21 (e)		17,000,000		16,999,694
Barclays Bank plc 0.180%, 04/07/22		35,000,000		35,020,195
Cooperatieve Rabobank UA 0.159%, 3M LIBOR + 0.040%, 01/11/22 (e)		6,000,000		6,000,840
0.170%, 03/18/22		15,000,000		15,000,000
Credit Industriel et Commercial Zero Coupon, 10/12/21		20,000,000		19,999,200
Goldman Sachs Bank USA 0.170%, 02/04/22		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. 0.160%, 03/25/22		25,000,000		24,998,775
MUFG Bank Ltd. 0.140%, 01/10/22		20,000,000		20,000,000
0.150%, 01/11/22		15,000,000		15,000,420
National Australia Bank, Ltd. 0.160%, 03/02/22		10,000,000		9,999,500
Natixis S.A. (New York) 0.167%, 3M LIBOR + 0.040%, 02/11/22 (e)		20,000,000		20,003,060
Oversea-Chinese Banking Corp., Ltd. 0.152%, 3M LIBOR + 0.020%, 03/25/22 (e)		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 0.150%, 03/15/22		20,000,000		19,999,080
Standard Chartered Bank (NY) 0.150%, 02/02/22		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. 0.120%, 12/01/21		10,000,000		9,997,150
UBS AG 0.240%, 03/30/22		21,000,000		20,980,522
				30,977,672
Master Demand Notes—0.1%
Natixis Financial Products LLC 0.300%, OBFR + 0.230%, 10/01/21 (e)		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 Repurchase Agreement dated 09/30/21 at 0.190%, due on 10/01/21 with a maturity value of $18,500,098; collateralized by various Common Stock with an aggregate market value of $20,557,834.		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 Amount*		Value
Repurchase Agreements—(Continued)
Barclays Bank plc Repurchase Agreement dated 09/30/21 at 0.350%, due on 11/04/21 with a maturity value of $63,021,438; collateralized by various Common Stock with an aggregate market value of $70,014,292.		63,000,000	$	63,000,000
Barclays Capital, Inc. Repurchase Agreement dated 09/30/21 at 0.040%, due on 10/01/21 with a maturity value of $367,489; collateralized by U.S. Treasury Obligations with rates ranging from 0.000% - 3.625%, maturity dates ranging from 01/15/22 - 02/15/50, and an aggregate market value of $374,838.		367,488		367,488
BofA Securities, Inc. Repurchase Agreement dated 09/30/21 at 0.170%, due on 10/01/21 with a maturity value of $100,000,472; 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 $102,978,905.		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 Repurchase Agreement dated 09/30/21 at 0.050%, due on 10/01/21 with a maturity value of $6,000,008; collateralized by U.S. Treasury Obligations with rates ranging from 0.000% - 4.750%, maturity dates ranging from 11/18/21 - 08/15/50, and an aggregate market value of $6,120,009.		6,000,000		6,000,000
Citigroup Global Markets Ltd. Repurchase Agreement dated 09/30/21 at 0.060%, due on 10/01/21 with a maturity value of $50,000,083; collateralized by U.S. Treasury Obligations with rates ranging from 0.250% - 2.875%, maturity dates ranging from 10/31/21 - 02/15/50, and an aggregate market value of $51,000,008.		50,000,000		50,000,000
Citigroup Global Markets, Inc. Repurchase Agreement dated 09/30/21 at 0.420%, due on 11/04/21 with a maturity value of $20,008,167; 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 $21,733,455.		20,000,000		20,000,000
Deutsche Bank AG, London Repurchase Agreement dated 09/30/21 at 0.150%, due on 10/01/21 with a maturity value of $19,607,473; 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 $19,999,626.		19,607,391		19,607,391
National Bank of Canada Repurchase Agreement dated 09/30/21 at 0.200%, due on 10/07/21 with a maturity value of $5,000,194; collateralized by various Common Stock with an aggregate market value of $5,556,300.		5,000,000		5,000,000
Repurchase Agreements—(Continued)
NBC Global Finance, Ltd. Repurchase Agreement dated 09/30/21 at 0.230%, due on 10/01/21 with a maturity value of $40,000,256; 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 $44,401,248.		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 Repurchase Agreement dated 09/30/21 at 0.340%, due on 11/04/21 with a maturity value of $20,006,611; collateralized by various Common Stock with an aggregate market value of $22,222,433.		20,000,000		20,000,000
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 $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 0.070%, 10/01/21		25,000,000		25,000,000
Canadian Imperial Bank of Commerce (Toronto) 0.060%, 10/01/21		25,000,000		25,000,000
First Abu Dhabi Bank USA NV 0.060%, 10/01/21		50,000,000		50,000,000
Landesbank Baden-Wuettertemberg (London) 0.130%, 10/01/21		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  0.030% (c)		19,979,353		19,979,353
				39,979,353
Total Securities Lending Reinvestments (Cost $1,336,984,076)				1,337,015,396
Total Investments—117.4% (Cost $6,031,012,726)				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	Floating Rate Index	Payment Frequency		Fixed Rate	Payment Frequency	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

Fixed/Floating Rate Index

Payment Frequency

Maturity Date

Counterparty

Underlying Reference Instrument

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. 6.500%, 11/15/28 (144A)		258,000	$	268,898
Clear Channel International B.V. 6.625%, 08/01/25 (144A)		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. 4.000%, 02/15/30		132,000		135,894
Midas OpCo Holdings LLC 5.625%, 08/15/29 (144A)		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. 8.875%, 12/15/27 (144A)		1,547,000		1,635,767
				8,006,060
Aerospace/Defense—2.9%
Boeing Co. (The) 5.930%, 05/01/60		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 7.375%, 08/15/26 (144A)		664,000		683,920
Howmet Aerospace, Inc. 5.125%, 10/01/24 (a)		31,000		34,187
Kratos Defense & Security Solutions, Inc. 6.500%, 11/30/25 (144A)		976,000		1,011,380
Rolls-Royce plc 5.750%, 10/15/27 (144A)		1,939,000		2,142,595
Spirit AeroSystems, Inc. 5.500%, 01/15/25 (144A)		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. 8.875%, 06/01/24 (144A)		2,206,000		2,426,600
				28,720,515
Agriculture—0.0%
Tereos Finance Groupe I S.A. 7.500%, 10/30/25 (EUR)		100,000		124,338
Airlines—1.8%
Air Canada 3.875%, 08/15/26 (144A)		1,134,000		1,144,263
Air France-KLM 3.875%, 07/01/26 (EUR)		100,000		114,985
American Airlines, Inc. 11.750%, 07/15/25 (144A)		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 4.250%, 05/19/25 (EUR)		100,000		119,744
Hawaiian Brand Intellectual Property Ltd. / HawaiianMiles Loyalty, Ltd. 5.750%, 01/20/26 (144A)		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. 6.500%, 06/20/27 (144A)		1,807,000		1,964,968
Spirit Loyalty Cayman, Ltd. / Spirit IP Cayman, Ltd. 8.000%, 09/20/25 (144A)		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. 5.375%, 05/15/25 (144A)		66,000		69,094
Levi Strauss & Co. 3.500%, 03/01/31 (144A)		275,000		277,750
William Carter Co. (The) 5.500%, 05/15/25 (144A)		95,000		99,816
Wolverine World Wide, Inc. 4.000%, 08/15/29 (144A)		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. 5.700%, 5Y H15 + 4.997%, 09/30/30 (b)		270,000		310,838
Jaguar Land Rover Automotive plc 4.500%, 07/15/28 (EUR)		100,000		114,185
RCI Banque S.A. 2.625%, 5Y EUR Swap + 2.850%, 02/18/30 (EUR) (b)		100,000		117,415
Renault S.A. 2.375%, 05/25/26 (EUR)		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 9.000%, 04/15/25 (144A)		413,000		446,040
Clarios Global L.P. 6.750%, 05/15/25 (144A)		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 8.000%, 02/01/28 (144A)		755,000		790,423
Dornoch Debt Merger Sub, Inc. 6.625%, 10/15/29 (144A)		306,000		306,000
Faurecia SE 3.750%, 06/15/28 (EUR)		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 3.875%, 4.625% PIK, 05/15/27 (EUR) (c)		101,000		120,059
Meritor, Inc. 4.500%, 12/15/28 (144A)		164,000		164,410
Auto Parts & Equipment—(Continued)
Tenneco, Inc. 7.875%, 01/15/29 (144A)		124,000		138,415
Titan International, Inc. 7.000%, 04/30/28 (144A)		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. 2.625%, 04/28/25 (EUR)		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. 2.000%, 5Y EUR Swap + 2.200%, 01/17/30 (EUR) (b)		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 2.500%, 5Y EUR Swap + 2.785%, 06/24/27 (EUR) (b)		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. 4.000%, 5Y H15 + 3.597%, 12/10/25 (b)		370,000		383,394
Deutsche Pfandbriefbank AG 4.600%, 02/22/27 (EUR)		100,000		127,713
Goldman Sachs Group, Inc. (The) 4.950%, 5Y H15 + 3.224%, 02/10/25 (a) (b)		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. 4.375%, 5Y EUR Swap + 4.316%, 01/03/27 (EUR) (b)		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. 3.875%, 08/15/28 (144A) (a)		160,000	$	155,600
Grifols Escrow Issuer S.A. 3.875%, 10/15/28 (EUR)		100,000		117,138
HCRX Investments Holdco L.P. 4.500%, 08/01/29 (144A)		353,000		354,765
				880,353
Building Materials—1.0%
APi Group DE, Inc. 4.125%, 07/15/29 (144A)		352,000		344,907
Builders FirstSource, Inc. 6.750%, 06/01/27 (144A)		230,000		243,800
Cemex S.A.B. de C.V. 3.125%, 03/19/26 (EUR)		100,000		118,293
Cornerstone Building Brands, Inc. 6.125%, 01/15/29 (144A) (a)		1,188,000		1,262,814
CP Atlas Buyer, Inc. 7.000%, 12/01/28 (144A)		643,000		644,607
Forterra Finance LLC / FRTA Finance Corp. 6.500%, 07/15/25 (144A)		635,000		679,450
Griffon Corp. 5.750%, 03/01/28		88,000		92,400
HT Troplast GmbH 9.250%, 07/15/25 (EUR)		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. 4.750%, 05/01/29 (144A)		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 6.000%, 11/01/28 (144A)		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. 5.250%, 01/15/29 (144A)		382,000		401,100
Victors Merger Corp. 6.375%, 05/15/29 (144A)		413,000		395,448
				10,095,551
Chemicals—1.4%
Ashland LLC 3.375%, 09/01/31 (144A)		951,000		959,321
Chemicals—(Continued)
Axalta Coating Systems LLC 3.375%, 02/15/29 (144A)		349,000		339,403
Axalta Coating Systems LLC / Axalta Coating Systems Dutch Holding B BV 4.750%, 06/15/27 (144A)		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. 4.625%, 10/01/29 (144A)		727,000		737,905
Element Solutions, Inc. 3.875%, 09/01/28 (144A)		2,759,000		2,786,590
GCP Applied Technologies, Inc. 5.500%, 04/15/26 (144A)		458,000		468,305
HB Fuller Co. 4.250%, 10/15/28		229,000		233,008
Herens Holdco Sarl 4.750%, 05/15/28 (144A) (a)		953,000		957,765
Herens Midco Sarl 5.250%, 05/15/29 (EUR)		100,000		112,360
Illuminate Buyer LLC / Illuminate Holdings IV, Inc. 9.000%, 07/01/28 (144A)		627,000		691,267
INEOS Finance plc 3.375%, 03/31/26 (EUR)		100,000		118,325
Ingevity Corp. 3.875%, 11/01/28 (144A)		191,000		190,523
Kraton Polymers LLC / Kraton Polymers Capital Corp. 5.250%, 05/15/26 (EUR)		100,000		119,020
LSF11 A5 HoldCo LLC 6.625%, 10/15/29 (144A)		312,000		312,000
Minerals Technologies, Inc. 5.000%, 07/01/28 (144A)		365,000		378,687
Monitchem HoldCo 3 S.A. 5.250%, 03/15/25 (EUR)		100,000		118,730
Nobian Finance B.V. 3.625%, 07/15/26 (EUR)		100,000		114,713
NOVA Chemicals Corp. 4.875%, 06/01/24 (144A)		161,000		168,245
OCI NV 5.250%, 11/01/24 (144A)		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. 3.125%, 03/15/27 (144A)		259,000		259,311
Valvoline, Inc. 3.625%, 06/15/31 (144A)		3,000		2,963
WR Grace Holdings LLC 5.625%, 08/15/29 (144A)		2,574,000		2,651,246
				13,940,875
Commercial Services—4.2%
ADT Security Corp. (The) 4.875%, 07/15/32 (144A)		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. 4.000%, 04/15/29 (144A)		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. 4.625%, 05/15/28 (144A)		148,000		153,180
Autostrade per l’Italia S.p.A. 2.000%, 12/04/28 (EUR)		131,000		159,256
2.000%, 01/15/30 (EUR)		100,000		121,453
Avis Budget Car Rental LLC / Avis Budget Finance, Inc. 5.375%, 03/01/29 (144A) (a)		265,000		280,079
Bidfair Holdings, Inc. 5.875%, 06/01/29 (144A)		822,000		845,633
Brink’s Co. (The) 5.500%, 07/15/25 (144A)		100,000		104,500
CoreLogic, Inc. 4.500%, 05/01/28 (144A)		650,000		645,938
EC Finance plc 3.000%, 10/15/26 (EUR)		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. 5.750%, 06/01/26 (144A)		80,000		83,544
HealthEquity, Inc. 4.500%, 10/01/29 (144A)		762,000		773,430
Herc Holdings, Inc. 5.500%, 07/15/27 (144A)		735,000		771,180
Intertrust Group B.V. 3.375%, 11/15/25 (EUR)		134,000		157,865
IPD 3 B.V. 5.500%, 12/01/25 (EUR)		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. 5.000%, 02/01/26 (144A)		561,000		575,025
Loxam SAS 3.750%, 07/15/26 (EUR)		100,000		118,325
Metis Merger Sub LLC 6.500%, 05/15/29 (144A)		560,000		544,600
Commercial Services—(Continued)
MoneyGram International, Inc. 5.375%, 08/01/26 (144A)		284,000		288,260
MPH Acquisition Holdings LLC 5.500%, 09/01/28 (144A)		888,000		885,558
Nesco Holdings II, Inc. 5.500%, 04/15/29 (144A)		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. 7.250%, 02/01/26 (EUR)		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. 4.625%, 11/01/26 (144A)		849,000		886,144
Sotheby’s 7.375%, 10/15/27 (144A) (a)		2,021,000		2,137,208
Square, Inc. 3.500%, 06/01/31 (144A)		1,644,000		1,686,300
Techem Verwaltungsgesellschaft 674 mbH 6.000%, 07/30/26 (EUR)		87,920		104,843
Techem Verwaltungsgesellschaft 675 mbH 2.000%, 07/15/25 (EUR)		100,000		115,024
United Rentals North America, Inc. 4.875%, 01/15/28		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 5.250%, 02/15/29 (EUR)		100,000		118,833
Verscend Escrow Corp. 9.750%, 08/15/26 (144A)		3,813,000		4,017,949
WASH Multifamily Acquisition, Inc. 5.750%, 04/15/26 (144A)		243,000		253,747
				41,358,414
Computers—0.6%
Ahead DB Holdings LLC 6.625%, 05/01/28 (144A)		282,000		284,115
Austin BidCo, Inc. 7.125%, 12/15/28 (144A)		159,000		160,192
Banff Merger Sub, Inc. 8.375%, 09/01/26 (EUR)		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. 5.875%, 09/30/26 (EUR)		100,000	$	121,260
Crowdstrike Holdings, Inc. 3.000%, 02/15/29		708,000		705,628
KBR, Inc. 4.750%, 09/30/28 (144A)		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. 4.875%, 04/01/28 (144A)		304,000		314,169
Tempo Acquisition LLC / Tempo Acquisition Finance Corp. 5.750%, 06/01/25 (144A)		534,000		560,700
Unisys Corp. 6.875%, 11/01/27 (144A)		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. 5.500%, 06/01/28 (144A)		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. 7.625%, 05/01/27 (144A)		283,000		281,585
H&E Equipment Services, Inc. 3.875%, 12/15/28 (144A)		98,000		97,618
IAA, Inc. 5.500%, 06/15/27 (144A)		104,000		108,680
Wolverine Escrow LLC 9.000%, 11/15/26 (144A)		77,000		71,129
				731,588
Diversified Financial Services—2.1%
American Express Co. 3.550%, 5Y H15 + 2.854%, 09/15/26 (b)		1,985,000		2,022,417
Aretec Escrow Issuer, Inc. 7.500%, 04/01/29 (144A)		285,000		293,550
Arrow Global Finance plc 5.125%, 09/15/24 (GBP)		100,000		134,740
Blackstone CQP Holdco L.P. 5.500%, 05/24/31		973,000		1,034,834
Charles Schwab Corp. (The) 4.000%, 10Y H15 + 3.079%, 12/01/30 (b)		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. 3.375%, 07/31/26 (EUR)		100,000		117,573
Enact Holdings, Inc. 6.500%, 08/15/25 (144A)		997,000		1,088,495
Encore Capital Group, Inc. 4.875%, 10/15/25 (EUR)		100,000		121,363
Garfunkelux Holdco 3 S.A. 7.750%, 11/01/25 (GBP)		200,000		281,494
Global Aircraft Leasing Co., Ltd. 6.500%, 7.250% PIK, 09/15/24 (144A) (a) (c)		735,562		722,690
Home Point Capital, Inc. 5.000%, 02/01/26 (144A)		518,000		469,577
Intrum AB 3.500%, 07/15/26 (EUR)		101,000		119,479
Jefferies Finance LLC / JFIN Co-Issuer Corp. 5.000%, 08/15/28 (144A)		880,000		892,100
Jerrold Finco plc 5.250%, 01/15/27 (GBP)		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 5.375%, 5Y H15 + 4.698%, 03/15/26 (a) (b)		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. 4.250%, 09/15/24 (144A)		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. 4.500%, 08/15/28 (144A)		890,000		927,825
PG&E Corp. 5.250%, 07/01/30 (a)		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 4.375%, 05/01/29 (144A)		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. 4.250%, 06/01/31 (144A)		435,000		448,050
Imola Merger Corp. 4.750%, 05/15/29 (144A)		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. 3.248%, 5Y EUR Swap + 3.694%, 11/24/25 (EUR) (b)		100,000		118,805
ARCOSA, Inc. 4.375%, 04/15/29 (144A)		961,000		973,012
Brand Industrial Services, Inc. 8.500%, 07/15/25 (144A) (a)		704,000		706,640
Dycom Industries, Inc. 4.500%, 04/15/29 (144A) (a)		261,000		262,103
Heathrow Finance plc 4.625%, 09/01/29 (GBP) (e)		100,000		136,901
MasTec, Inc. 4.500%, 08/15/28 (144A)		444,000		463,425
				2,660,886
Entertainment—3.0%
Affinity Gaming 6.875%, 12/15/27 (144A)		349,000		367,052
Boyne USA, Inc. 4.750%, 05/15/29 (144A)		642,000		662,865
Caesars Entertainment, Inc. 4.625%, 10/15/29 (144A)		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. 5.750%, 07/01/25 (144A)		699,000		736,903
CCM Merger, Inc. 6.375%, 05/01/26 (144A)		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. 4.875%, 08/28/25 (GBP)		100,000		135,751
Everi Holdings, Inc. 5.000%, 07/15/29 (144A) (a)		137,000		140,381
Gamma Bidco S.p.A. 6.250%, 07/15/25 (EUR)		100,000		120,636
International Game Technology plc 3.500%, 06/15/26 (EUR)		200,000		237,624
Lions Gate Capital Holdings LLC 5.500%, 04/15/29 (144A) (a)		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. 5.750%, 06/15/26 (144A)		400,000		413,000
Midwest Gaming Borrower LLC / Midwest Gaming Finance Corp. 4.875%, 05/01/29 (144A)		670,000		682,562
Peninsula Pacific Entertainment LLC / Peninsula Pacific Entertainment Finance, Inc. 8.500%, 11/15/27 (144A)		613,000		658,209
Penn National Gaming, Inc. 4.125%, 07/01/29 (144A)		241,000		238,204
Pinewood Finance Co., Ltd. 3.250%, 09/30/25 (GBP)		100,000		136,405
Powdr Corp. 6.000%, 08/01/25 (144A)		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 4.875%, 11/01/26 (144A)		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. 7.000%, 07/01/25 (144A)		1,938,000		2,063,970
Vail Resorts, Inc. 6.250%, 05/15/25 (144A)		333,000		352,148
Waterford Gaming LLC / Waterford Gaming Financial Corp. 8.625%, 09/15/14 (144A)† (d) (f) (g)		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. 5.125%, 07/15/29 (144A)		516,000		565,020
Covanta Holding Corp. 5.000%, 09/01/30		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. 3.875%, 01/15/29 (144A)		352,000		354,151
Tervita Corp. 11.000%, 12/01/25 (144A)		223,000		252,327
Waste Pro USA, Inc. 5.500%, 02/15/26 (144A)		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 3.250%, 02/16/26 (GBP)		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. 6.500%, 04/15/29 (144A)		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. 4.875%, 05/15/28 (144A)		91,000		100,032
Performance Food Group, Inc. 4.250%, 08/01/29 (144A)		907,000		909,268
Picard Groupe SAS 3.875%, 07/01/26 (EUR)		100,000		117,596
Pilgrim’s Pride Corp. 3.500%, 03/01/32 (144A)		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 3.500%, 10/15/26 (GBP)		100,000		135,583
Simmons Foods, Inc. 4.625%, 03/01/29 (144A)		1,147,000		1,155,602
TreeHouse Foods, Inc. 4.000%, 09/01/28		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. 6.750%, 10/15/28 (144A)		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 3.750%, 01/15/28 (EUR)		100,000		116,704
Healthcare-Products—1.1%
Avantor Funding, Inc. 4.625%, 07/15/28 (144A)		2,260,000		2,378,650
Hologic, Inc. 3.250%, 02/15/29 (144A)		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. 4.250%, 06/01/28 (144A)		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. 5.750%, 07/15/29 (144A)		733,000		740,330
Akumin Escrow, Inc. 7.500%, 08/01/28 (144A)		158,000		152,865
Akumin, Inc. 7.000%, 11/01/25 (144A)		264,000		256,080
Healthcare-Services—(Continued)
CAB SELAS 3.375%, 02/01/28 (EUR)		100,000		116,841
Cano Health LLC 6.250%, 10/01/28 (144A)		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 3.500%, 05/31/28 (EUR)		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. 4.625%, 06/01/30 (144A)		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. 5.000%, 10/15/26 (144A)		299,000		306,436
Korian S.A. 4.125%, 5Y UKG + 9.079%, 03/15/24 (GBP) (b)		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. 5.375%, 01/15/29 (144A) (a)		890,000		865,525
MEDNAX, Inc. 6.250%, 01/15/27 (144A)		293,000		308,016
ModivCare Escrow Issuer, Inc. 5.000%, 10/01/29 (144A)		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. 5.875%, 11/15/25 (144A)		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. 7.250%, 11/01/25 (144A)		1,356,000		1,454,310
RegionalCare Hospital Partners Holdings, Inc. / LifePoint Health, Inc. 9.750%, 12/01/26 (144A)		235,000		248,219
RP Escrow Issuer LLC 5.250%, 12/15/25 (144A)		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. 3.625%, 01/15/29 (144A)		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 6.375%, 03/01/26 (144A)		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. 3.850%, 05/15/26 (144A)		268,000		267,665
Installed Building Products, Inc. 5.750%, 02/01/28 (144A)		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 4.000%, 06/15/31 (a)		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. 5.125%, 06/06/27		129,000		143,674
New Home Co., Inc. (The) 7.250%, 10/15/25 (144A)		160,000		168,363
Home Builders—(Continued)
Picasso Finance Sub, Inc. 6.125%, 06/15/25 (144A)		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. 4.350%, 02/15/28		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. 4.625%, 08/15/28 (144A)		513,000		534,397
Winnebago Industries, Inc. 6.250%, 07/15/28 (144A)		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. 6.750%, 07/15/25 (144A)		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. 6.500%, 10/01/29 (144A)		622,000		606,015
				2,842,156
Insurance—1.4%
Acrisure LLC / Acrisure Finance, Inc. 6.000%, 08/01/29 (144A)		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. 4.875%, 06/30/29 (144A)		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 11.500%, 12.750% PIK, 01/15/27 (144A) (a) (c)		226,387	$	247,328
AssuredPartners, Inc. 5.625%, 01/15/29 (144A)		587,000		590,639
BroadStreet Partners, Inc. 5.875%, 04/15/29 (144A)		496,000		494,140
Galaxy Bidco, Ltd. 6.500%, 07/31/26 (GBP)		100,000		140,822
GTCR AP Finance, Inc. 8.000%, 05/15/27 (144A)		671,000		707,905
Highlands Holdings Bond Issuer, Ltd. / Highlands Holdings Bond Co-Issuer, Inc. 7.625%, 8.375% PIK, 10/15/25 (144A) (c)		250,000		265,469
HUB International, Ltd. 7.000%, 05/01/26 (144A)		2,036,000		2,104,715
MGIC Investment Corp. 5.250%, 08/15/28		332,000		354,261
Societa Cattolica di Assicurazioni 4.250%, 3M EURIBOR + 4.455%, 12/14/47 (EUR) (b)		100,000		133,500
Unipol Gruppo S.p.A. 3.250%, 09/23/30 (EUR)		125,000		168,257
				14,051,526
Internet—1.7%
Acuris Finance U.S., Inc. / Acuris Finance Sarl 5.000%, 05/01/28 (144A)		1,060,000		1,054,700
ANGI Group LLC 3.875%, 08/15/28 (144A) (a)		820,000		815,900
Arches Buyer, Inc. 4.250%, 06/01/28 (144A)		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 6.000%, 02/15/29 (144A)		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 5.750%, 05/15/28 (144A)		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. 2.375%, 01/14/26		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. 4.250%, 5Y EUR Swap + 4.740%, 04/22/27 (EUR) (b)		200,000		233,658
Internet—(Continued)
Twitter, Inc. 3.875%, 12/15/27 (144A)		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. 5.250%, 04/15/29 (144A)		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. 3.750%, 06/17/26 (144A)		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. 6.625%, 01/31/29 (144A)		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 6.375%, 06/01/29 (144A) (a)		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. 6.125%, 03/15/28 (144A)		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. 5.625%, 02/15/29 (144A)		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. 8.250%, 02/15/28 (144A)		155,000		166,625
Genting New York LLC 3.300%, 02/15/26 (144A)		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. 4.875%, 04/01/27		361,000		373,191
MGM Resorts International 5.750%, 06/15/25		61,000		66,490
Station Casinos LLC 4.500%, 02/15/28 (144A)		422,000		428,689
Travel + Leisure Co. 6.625%, 07/31/26 (144A)		278,000		316,578
Wyndham Hotels & Resorts, Inc. 4.375%, 08/15/28 (144A)		314,000		327,794
Wynn Las Vegas LLC / Wynn Las Vegas Capital Corp. 5.250%, 05/15/27 (144A)		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. 5.000%, 05/15/29 (144A)		762,000		789,623
				1,810,650
Machinery-Diversified—0.8%
ATS Automation Tooling Systems, Inc. 4.125%, 12/15/28 (144A)		237,000		243,051
Machinery-Diversified—(Continued)
Clark Equipment Co. 5.875%, 06/01/25 (144A) (a)		159,000		166,354
Colfax Corp. 6.375%, 02/15/26 (144A)		258,000		271,339
GrafTech Finance, Inc. 4.625%, 12/15/28 (144A)		736,000		755,320
Husky III Holding, Ltd. 13.000%, PIK, 02/15/25 (144A) (a) (c)		720,000		765,000
Mueller Water Products, Inc. 4.000%, 06/15/29 (144A)		271,000		280,539
RBS Global, Inc. / Rexnord LLC 4.875%, 12/15/25 (144A)		16,000		16,390
Renk AG 5.750%, 07/15/25 (EUR)		100,000		120,526
Schenck Process Holding GmbH 5.375%, 06/15/23 (EUR)		100,000		116,704
Stevens Holding Co., Inc. 6.125%, 10/01/26 (144A)		365,000		393,744
Titan Acquisition, Ltd. / Titan Co-Borrower LLC 7.750%, 04/15/26 (144A)		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 4.375%, 07/15/27 (EUR)		100,000		120,904
TK Elevator U.S. Newco, Inc. 5.250%, 07/15/27 (144A)		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. 4.875%, 03/01/28 (144A)		285,000		291,413
Cable One, Inc. 4.000%, 11/15/30 (144A)		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. 5.125%, 08/15/27 (144A)		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. 5.875%, 08/15/27 (144A)		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 4.750%, 10/15/28 (144A)		189,000		198,413
iHeartCommunications, Inc. 8.375%, 05/01/27		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. 5.375%, 08/15/27 (144A)		366,000		380,827
News Corp. 3.875%, 05/15/29 (144A)		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. 3.875%, 01/15/29 (144A)		37,000		37,129
Sinclair Television Group, Inc. 4.125%, 12/01/30 (144A) (a)		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. 9.000%, PIK, 11/15/25 (EUR) (c)		104,875		124,202
TEGNA, Inc. 5.500%, 09/15/24 (144A) (a)		95,000		96,066
Telenet Finance Luxembourg Notes S.a.r.l. 5.500%, 03/01/28 (144A)		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. 4.875%, 07/15/31 (144A)		1,160,000		1,187,678
UPC Holding B.V. 3.875%, 06/15/29 (EUR)		100,000		118,895
UPCB Finance VII, Ltd. 3.625%, 06/15/29 (EUR)		100,000		118,876
Media—(Continued)
Videotron, Ltd. 3.625%, 06/15/29 (144A) (a)		962,000		975,227
Virgin Media Vendor Financing Notes IV DAC 5.000%, 07/15/28 (144A) (a)		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. 5.000%, 09/30/27 (144A)		561,000		585,684
Grinding Media, Inc. / Moly-Cop AltaSteel, Ltd. 7.375%, 12/15/23 (144A)		730,000		744,235
Roller Bearing Co. of America, Inc. 4.375%, 10/15/29 (144A)		335,000		343,375
Vallourec S.A. 8.500%, 06/30/26 (EUR)		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. 8.500%, 08/01/28 (144A)		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. 3.375%, 04/15/29 (EUR)		100,000		120,695
Vedanta Resources Finance II plc 8.950%, 03/11/25 (144A)		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. 5.625%, 07/01/27 (144A)		339,000	$	353,753
EnPro Industries, Inc. 5.750%, 10/15/26		161,000		168,044
Gates Global LLC / Gates Corp. 6.250%, 01/15/26 (144A)		453,000		469,988
				991,785
Office/Business Equipment—0.1%
CDW LLC / CDW Finance Corp. 3.250%, 02/15/29 (a)		621,000		636,525
Xerox Corp. 4.800%, 03/01/35		435,000		435,087
				1,071,612
Oil & Gas—5.1%
Aethon United BR L.P. / Aethon United Finance Corp. 8.250%, 02/15/26 (144A)		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 4.250%, 5Y UKG + 4.170%, 03/22/27 (GBP) (b)		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 6.875%, 04/01/27 (144A) (a)		1,429,000		1,455,772
Chesapeake Energy Corp. 5.875%, 02/01/29 (144A)		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. 6.000%, 01/15/29 (144A)		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. 5.625%, 10/15/25 (144A)		1,929,000		1,974,235
Endeavor Energy Resources L.P. / EER Finance, Inc. 5.500%, 01/30/26 (144A)		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. 12.000%, 09/01/25 (144A)		296,000		300,524
Independence Energy Finance LLC 7.250%, 05/01/26 (144A)		1,074,000		1,105,909
Matador Resources Co. 5.875%, 09/15/26 (a)		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 6.625%, 05/15/25 (144A)		400,000		411,500
Northern Oil and Gas, Inc. 8.125%, 03/01/28 (144A)		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. 5.375%, 01/01/26		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. 5.875%, 07/15/27 (144A)		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. 3.750%, 5Y EUR Swap + 4.000%, 03/11/26 (EUR) (b)		100,000		123,333
Rockcliff Energy II LLC 5.500%, 10/15/29 (144A)		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 7.000%, 10/01/26 (144A)		1,617,000		1,655,404
Transocean, Inc. 11.500%, 01/30/27 (144A)		330,000		339,900
Vine Energy Holdings LLC 6.750%, 04/15/29 (144A)		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. 7.750%, 04/01/27 (EUR)		100,000		117,677
ChampionX Corp. 6.375%, 05/01/26		247,000		256,880
Pioneer Energy Services Corp. 11.000%, PIK, 05/15/25 † (144A) (c) (f) (g)		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. 6.500%, 7.250% PIK, 06/30/27 (144A) (c)		2,416,000		2,566,638
Ardagh Metal Packaging Finance USA LLC 4.000%, 09/01/29 (144A) (a)		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. 3.125%, 09/15/31		1,140,000		1,125,839
Canpack S.A. / Canpack U.S. LLC 3.125%, 11/01/25 (144A) (a)		249,000		253,046
Crown Americas LLC / Crown Americas Capital Corp. 4.750%, 02/01/26		71,000		73,173
Crown Cork & Seal Co., Inc. 7.375%, 12/15/26		79,000		97,565
Intertape Polymer Group, Inc. 4.375%, 06/15/29 (144A)		354,000		359,880
Packaging & Containers—(Continued)
LABL, Inc. 10.500%, 07/15/27 (144A)		292,000		314,630
Mauser Packaging Solutions Holding Co. 5.500%, 04/15/24 (144A)		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. 4.000%, 12/01/27 (144A)		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. 8.500%, 01/31/27 (144A)		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. 5.900%, 08/28/28		20,000		23,400
Endo Dac / Endo Finance LLC / Endo Finco, Inc. 9.500%, 07/31/27 (144A) (a)		959,000		961,129
Endo Luxembourg Finance Co. I S.a.r.l. 6.125%, 04/01/29 (144A)		1,228,000		1,228,000
Gruenenthal GmbH 4.125%, 05/15/28 (EUR)		100,000		121,363
Jazz Securities DAC 4.375%, 01/15/29 (144A)		1,068,000		1,106,768
Nidda Healthcare Holding GmbH 3.500%, 09/30/24 (EUR)		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. 7.750%, 11/15/25 (144A)		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. 7.500%, 04/01/27 (144A)		2,341,000	$	2,384,894
PRA Health Sciences, Inc. 2.875%, 07/15/26 (144A)		1,042,000		1,052,420
Prestige Brands, Inc. 3.750%, 04/01/31 (144A)		738,000		712,170
Rossini Sarl 6.750%, 10/30/25 (EUR)		141,000		169,436
Teva Pharmaceutical Finance Netherlands B.V. 7.125%, 01/31/25		394,000		430,938
Teva Pharmaceutical Finance Netherlands II B.V. 6.000%, 01/31/25 (EUR)		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. 4.625%, 10/15/28		4,128,000		4,349,880
CNX Midstream Partners L.P. 4.750%, 04/15/30 (144A)		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. 6.500%, 5Y H15 + 5.694%, 11/15/26 (a) (b)		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. 7.500%, 09/01/28 (144A)		131,000		139,535
Hess Midstream Operations L.P. 4.250%, 02/15/30 (144A)		691,000		698,774
ITT Holdings LLC 6.500%, 08/01/29 (144A)		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. 7.500%, 02/01/26 (144A)		501,000		510,394
NGPL PipeCo LLC 7.768%, 12/15/37 (144A)		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 5.625%, 05/15/25 (EUR)		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. 3.375%, 5Y EUR Swap + 3.980%, 09/23/24 (EUR) (b)		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 4.496%, 5Y EUR Swap + 4.711%, 11/24/24 (EUR) (b)		100,000		119,627
Cushman and Wakefield U.S. Borrower LLC 6.750%, 05/15/28 (144A)		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 2.250%, 09/22/26 (EUR)		100,000	$	113,860
Fastighets AB Balder 2.873%, 5Y EUR Swap + 3.188%, 06/02/81 (EUR) (b)		100,000		114,242
Five Point Operating Co. L.P. / Five Point Capital Corp. 7.875%, 11/15/25 (144A)		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. 4.750%, 02/01/30		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. 9.625%, 12/15/14 (d) (f) (g)		70,000		0
Unique Pub Finance Co. plc (The) 6.464%, 03/30/32 (GBP)		400,000		646,623
				5,395,675
Real Estate Investment Trusts—2.8%
American Finance Trust, Inc. / American Finance Operating Partner L.P. 4.500%, 09/30/28 (144A)		180,000		180,000
Brookfield Property REIT, Inc. 4.500%, 04/01/27 (144A)		490,000		485,100
CTR Partnership L.P. / Caretrust Capital Corp. 3.875%, 06/30/28 (144A)		433,000		449,238
Diversified Healthcare Trust 9.750%, 06/15/25		474,000		518,438
Global Net Lease, Inc. / Global Net Lease Operating Partnership L.P. 3.750%, 12/15/27 (144A)		330,000		327,672
GLP Capital L.P. / GLP Financing II, Inc. 4.000%, 01/15/31		213,000		229,742
HAT Holdings I LLC / HAT Holdings II LLC 3.375%, 06/15/26 (144A)		521,000		528,815
Iron Mountain UK plc 3.875%, 11/15/25 (GBP)		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. 3.875%, 02/15/27		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. 5.500%, 11/01/23 (144A)		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. 7.750%, 8.500% PIK,, 04/01/27 (144A) (a) (c)		140,000		138,950
Beacon Roofing Supply, Inc. 4.125%, 05/15/29 (144A)		260,000		258,375
Carrols Restaurant Group, Inc. 5.875%, 07/01/29 (144A) (a)		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 4.875%, 07/15/27 (GBP)		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. 6.000%, 03/01/29 (144A)		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. 6.750%, 10/15/24 (144A) (a)		2,381,000		2,384,095
Goldstory SASU 5.375%, 03/01/26 (EUR)		100,000		119,947
Group 1 Automotive, Inc. 4.000%, 08/15/28 (144A)		90,000		91,575
GYP Holdings III Corp. 4.625%, 05/01/29 (144A)		609,000		615,851
IRB Holding Corp. 7.000%, 06/15/25 (144A)		315,000		334,443
Ken Garff Automotive LLC 4.875%, 09/15/28 (144A)		286,000		293,865
LBM Acquisition LLC 6.250%, 01/15/29 (144A)		1,186,000		1,185,407
LCM Investments Holdings II LLC 4.875%, 05/01/29 (144A)		769,000		789,048
Lithia Motors, Inc. 3.875%, 06/01/29 (144A)		345,000		358,096
Murphy Oil USA, Inc. 4.750%, 09/15/29		302,000		319,742
NMG Holding Co., Inc. / Neiman Marcus Group LLC 7.125%, 04/01/26 (144A)		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. 6.375%, 09/30/26 (144A)		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 8.250%, 07/31/25 (GBP)		200,000		283,224
Suburban Propane Partners L.P./Suburban Energy Finance Corp. 5.000%, 06/01/31 (144A)		347,000		360,012
Tendam Brands S.A.U. 5.250%, 3M EURIBOR + 5.250%, 09/15/24 (EUR) (b)		100,000		115,105
Very Group Funding plc (The) 6.500%, 08/01/26 (GBP)		100,000		136,574
White Cap Buyer LLC 6.875%, 10/15/28 (144A)		2,053,000		2,165,915
Retail—(Continued)
White Cap Parent LLC 8.250%, PIK, 03/15/26 (144A) (a) (c)		517,000		533,802
Yum! Brands, Inc. 4.750%, 01/15/30 (144A)		45,000		48,772
5.350%, 11/01/43		14,000		15,400
				30,839,232
Semiconductors—0.3%
AMS AG 6.000%, 07/31/25 (EUR)		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. 4.250%, 09/01/25		765,000		799,984
ON Semiconductor Corp. 3.875%, 09/01/28 (144A)		703,000		725,847
Synaptics, Inc. 4.000%, 06/15/29 (144A)		488,000		499,258
				2,745,249
Software—3.0%
ACI Worldwide, Inc. 5.750%, 08/15/26 (144A)		954,000		996,930
Ascend Learning LLC 6.875%, 08/01/25 (144A) (a)		1,449,000		1,474,661
Black Knight InfoServ LLC 3.625%, 09/01/28 (144A)		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. 4.500%, 11/01/26 (144A)		170,000		176,588
Castle U.S. Holding Corp. 9.500%, 02/15/28 (144A)		581,000		607,145
Cedacri Mergeco S.p.A. 4.625%, 3M EURIBOR + 4.625%, 05/15/28 (EUR) (b)		100,000		116,414
Change Healthcare Holdings LLC / Change Healthcare Finance, Inc. 5.750%, 03/01/25 (144A)		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 4.125%, 07/15/29 (144A)		1,009,000		1,014,045
Fair Isaac Corp. 4.000%, 06/15/28 (144A)		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 4.625%, 05/01/28 (144A)		558,000	$	549,630
MicroStrategy, Inc. 6.125%, 06/15/28 (144A) (a)		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. 5.625%, 12/15/26		234,000		242,190
Open Text Holdings, Inc. 4.125%, 02/15/30 (144A)		344,000		353,460
Playtika Holding Corp. 4.250%, 03/15/29 (144A)		1,064,000		1,067,394
PTC, Inc. 4.000%, 02/15/28 (144A)		228,000		233,985
Rackspace Technology Global, Inc. 5.375%, 12/01/28 (144A) (a)		947,000		930,427
Rocket Software, Inc. 6.500%, 02/15/29 (144A) (a)		1,018,000		1,007,820
SS&C Technologies, Inc. 5.500%, 09/30/27 (144A) (a)		2,769,000		2,923,877
Twilio, Inc. 3.875%, 03/15/31		938,000		960,334
Veritas U.S. Inc. / Veritas Bermuda, Ltd. 7.500%, 09/01/25 (144A)		2,454,000		2,552,160
ZoomInfo Technologies LLC 3.875%, 02/01/29 (144A)		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. 6.125%, 09/15/28 (144A) (a)		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 6.000%, 06/15/25 (144A)		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 6.750%, 10/01/26 (144A)		5,160,000		5,398,650
Consolidated Communications, Inc. 6.500%, 10/01/28 (144A)		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. 5.250%, 08/01/26		61,000		68,778
Intelsat Jackson Holdings S.A. 8.000%, 02/15/24 (144A) (d)		142,000		145,728
Koninklijke KPN NV 2.000%, 5Y EUR Swap + 2.344%, 11/08/24 (EUR) (b)		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 15.500%, PIK, 11/01/23 (144A) (c)		1,429,008		1,386,309
Lorca Telecom Bondco S.A. 4.000%, 09/18/27 (EUR)		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. 4.000%, 11/15/27 (EUR)		100,000		118,525
Nokia Oyj 6.625%, 05/15/39		397,000		541,905
Oi S.A. 10.000%, PIK, 07/27/25 (c)		14,000		13,141
Sable International Finance, Ltd. 5.750%, 09/07/27 (144A) (a)		300,000		315,000
SES S.A. 2.875%, 5Y EUR Swap + 3.190%, 05/27/26 (EUR) (b)		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. 7.750%, 01/24/33 (EUR)		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 4.875%, 06/01/27 (144A)		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. 3.750%, 10/01/29 (144A)		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. 7.500%, 01/15/26 (EUR)		100,000		128,171
Danaos Corp. 8.500%, 03/01/28 (144A)		108,000		119,340
Getlink SE 3.500%, 10/30/25 (EUR)		100,000		119,855
Poste Italiane S.p.A. 2.625%, 5Y EURIBOR Swap + 2.677%, 03/24/29 (EUR) (b)		150,000		172,232
Seaspan Corp. 5.500%, 08/01/29 (144A)		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 7.625%, 04/01/26 (144A) (a)		272,000		291,490
Thames Water Kemble Finance plc 4.625%, 05/19/26 (GBP)		168,000		235,834
				527,324
Total Corporate Bonds & Notes (Cost $789,377,586)				817,472,567
Floating Rate Loans (j)—10.7%
Advertising—0.2%
Clear Channel Outdoor Holdings, Inc. Term Loan B, 3.629%, 3M LIBOR + 3.500%, 08/21/26		1,675,683		1,643,501
Aerospace/Defense—0.1%
Sequa Mezzanine Holdings LLC Extended Term Loan, 7.750%, PIK, 3M LIBOR + 6.750%, 11/28/23		388,300		394,610
Spirit Aerosystems, Inc. Term Loan B, 6.000%, 1M LIBOR + 5.250%, 01/15/25		432,730		435,976
				830,586
Airlines—0.6%
AAdvantage Loyalty, IP Ltd. Term Loan, 5.500%, 3M LIBOR + 4.750%, 04/20/28		1,571,284		1,625,943
Air Canada Term Loan B, 4.250%, 3M LIBOR + 3.500%, 08/11/28		949,000		954,338
Mileage Plus Holdings LLC Term Loan B, 6.250%, 3M LIBOR + 5.250%, 06/21/27		402,000		427,293
SkyMiles IP, Ltd. Term Loan B, 4.750%, 3M LIBOR + 3.750%, 10/20/27		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. Term Loan B, 4.500%, 3M LIBOR + 3.750%, 04/21/28		1,675,580	$	1,690,888
				5,439,397
Auto Parts & Equipment—0.1%
Clarios Global L.P. USD Term Loan B, 3.337%, 1M LIBOR + 3.250%, 04/30/26		508,693		506,944
Building Materials—0.2%
CP Atlas Buyer, Inc. Term Loan B, 4.250%, 3M LIBOR + 3.750%, 11/23/27		222,880		222,619
CPG International, Inc. Term Loan, 3.250%, 3M LIBOR + 2.500%, 05/05/24		233,724		234,099
Forterra Finance, LLC Term Loan B, 4.000%, 1M LIBOR + 3.000%, 10/25/23		201,278		201,444
Grinding Media, Inc. Term Loan B, 09/22/28 (h)		261,000		261,979
Standard Industries, Inc. Term Loan B, 09/22/28 (h)		1,299,000		1,301,346
				2,221,487
Chemicals—0.4%
Ascend Performance Materials Operations LLC 2021 Term Loan B, 5.500%, 3M LIBOR + 4.750%, 08/27/26		889,925		902,162
Atotech B.V. USD Term Loan B, 3.000%, 3M LIBOR + 2.500%, 03/18/28		1,168,073		1,167,780
Illuminate Buyer LLC Term Loan, 3.584%, 1M LIBOR + 3.500%, 06/30/27		596,228		596,228
Invictus U.S. LLC 2nd Lien Term Loan, 6.834%, 1M LIBOR + 6.750%, 03/30/26		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. Term Loan B, 09/22/28 (h)		860,000		864,032
				4,153,362
Commercial Services—0.7%
Amentum Government Services Holdings LLC Term Loan B, 3.584%, 1M LIBOR + 3.500%, 01/29/27		142,200		142,318
AVSC Holding Corp. 2nd Lien Term Loan, 8.250%, 6M LIBOR + 7.250%, 09/01/25		658,678		517,337
Parexel International Corp. Term Loan B, 2.834%, 1M LIBOR + 2.750%, 09/27/24		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 Term Loan B, 5.000%, 3M LIBOR + 4.500%, 01/15/27		156,020		156,735
TruGreen L.P. 2nd Lien Term Loan, 9.500%, 3M LIBOR + 8.500%, 11/02/28		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. 2nd Lien Term Loan, 03/23/26 (h)		1,141,000		1,154,907
Flexential Intermediate Corp. 2nd Lien Term Loan, 7.333%, 3M LIBOR + 7.250%, 08/01/25		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 Extended Term Loan, 3.750%, 1M LIBOR + 3.250%, 11/02/26		68,639		68,887
TierPoint, LLC 2021 Term Loan, 4.500%, 1M LIBOR + 3.750%, 05/05/26		314,504		315,519
				7,768,016
Distribution/Wholesale—0.0%
Dealer Tire, LLC Term Loan B, 4.334%, 1M LIBOR + 4.250%, 12/12/25		165,060		165,524
KAR Auction Services, Inc. Term Loan B6, 2.375%, 1M LIBOR + 2.250%, 09/19/26		119,488		117,696
				283,220
Diversified Financial Services—0.1%
AqGen Ascensus, Inc. 2nd Lien Term Loan, 7.000%, 2M LIBOR + 6.500%, 08/02/29		352,000		352,880
Deerfield Dakota Holding LLC USD 2nd Lien Term Loan, 7.500%, 1M LIBOR + 6.750%, 04/07/28		558,000		577,530
				930,410
Electric—0.0%
Calpine Corp. Term Loan B10, 2.084%, 1M LIBOR + 2.000%, 08/12/26		35,777		35,409
Engineering & Construction—0.4%
Brand Energy & Infrastructure Services, Inc. Term Loan, 5.250%, 3M LIBOR + 4.250%, 06/21/24		4,262,585		4,234,388
Entertainment—0.0%
Great Canadian Gaming Corp. Term Loan, 11/01/26 (h)		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. Term Loan, 3.500%, 3M LIBOR + 3.000%, 05/30/25		202,638	$	203,303
Madison IAQ LLC Term Loan, 3.750%, 6M LIBOR + 3.250%, 06/21/28		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 Term Loan, 3.250%, 1M LIBOR + 2.750%, 12/11/26		849,000		845,816
				2,126,946
Healthcare-Services—0.4%
Da Vinci Purchaser Corp. Term Loan, 5.000%, 1M LIBOR + 4.000%, 01/08/27		397,963		399,952
Envision Healthcare Corp. 1st Lien Term Loan, 3.834%, 1M LIBOR + 3.750%, 10/10/25		1,407,571		1,256,257
Gentiva Health Services, Inc. Term Loan, 2.834%, 1M LIBOR + 2.750%, 07/02/25		271,182		271,408
Icon Luxembourg Sarl Term Loan, 3.000%, 3M LIBOR + 2.500%, 07/03/28		1,046,034		1,050,828
Medical Solutions LLC Term Loan, 10/01/29 (h)		375,000		371,250
Quorum Health Corp. Term Loan, 8.000%, 3M LIBOR + 7.000%, 04/29/25		581,642		585,034
RegionalCare Hospital Partners Holdings, Inc. Term Loan B, 3.835%, 1M LIBOR + 3.750%, 11/16/25		251,646		251,536
				4,186,265
Housewares—0.1%
Springs Windows Fashions LLC Term Loan B, 09/17/28 (h)		749,000		744,319
Insurance—0.2%
Alliant Holdings Intermediate, LLC Term Loan B3, 4.250%, 1M LIBOR + 3.750%, 11/05/27		359,334		360,157
Asurion LLC Term Loan B8, 3.334%, 1M LIBOR + 3.250%, 12/23/26		161,343		159,142
Ryan Specialty Group LLC Term Loan, 3.750%, 1M LIBOR + 3.000%, 09/01/27		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. 2nd LienTerm Loan, 7.500%, 3M LIBOR + 6.750%, 10/30/28		431,683		437,799
CNT Holdings I Corp. Term Loan, 4.500%, 3M LIBOR + 3.750%, 11/08/27		535,310		536,314
I-Logic Technologies Bidco Ltd. 2021 USD Term Loan B, 4.500%, 1M LIBOR + 4.000%, 02/16/28		242,396		243,582
MH Sub I, LLC 2021 2nd Lien Term Loan, 6.336%, 1M LIBOR + 6.250%, 02/12/29		129,000		131,231
Northwest Fiber, LLC 2021 Term Loan, 3.833%, 1M LIBOR + 3.750%, 04/30/27		428,030		428,137
Proofpoint, Inc. 1st Lien Term Loan, 3.750%, 3M LIBOR + 3.250%, 08/31/28		643,000		640,142
PUG LLC Term Loan, 3.584%, 1M LIBOR + 3.500%, 02/12/27		377,244		369,463
				2,786,668
Leisure Time—0.1%
Life Time Fitness, Inc. 2021 Term Loan B, 5.750%, 3M LIBOR + 4.750%, 12/16/24		603,779		608,622
Lodging—0.1%
Caesars Resort Collection LLC Term Loan B1, 3.583%, 3M LIBOR + 3.500%, 07/21/25		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. Term Loan B, 3.167%, 3M LIBOR + 3.000%, 03/28/25		1,978,439		1,947,526
Media—0.3%
A-L Parent LLC 1st Lien Term Loan, 4.250%, 1M LIBOR + 3.250%, 12/01/23		159,619		153,501
Altice Financing S.A. USD Term Loan B, 2.876%, 1M LIBOR + 2.750%, 07/15/25		80,280		79,156
DirecTV Financing LLC Term Loan, 5.750%, 3M LIBOR + 5.000%, 07/22/27		1,241,000		1,243,456
MSG National Properties LLC Term Loan, 7.000%, 3M LIBOR + 6.250%, 11/12/25		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 Term Loan, 4.250%, 1M LIBOR + 3.500%, 09/25/26		80,068	$	80,106
				2,488,310
Miscellaneous Manufacturing—0.0%
Momentive Performance Materials, Inc. Term Loan B, 3.340%, 1M LIBOR + 3.250%, 05/15/24		173,717		173,662
Oil & Gas—0.5%
Ascent Resources Utica Holdings LLC Fixed 2nd Lien Term Loan, 10.000%, 3M LIBOR + 9.000%, 11/01/25		4,355,361		4,793,074
Oil & Gas Services—0.0%
Lealand Finance Company B.V. Make Whole Term Loan, 3.084%, 1M LIBOR + 3.000%, 06/30/24		31,220		18,732
Packaging & Containers—0.1%
BWAY Holding Co. Term Loan B, 3.334%, 1M LIBOR + 3.250%, 04/03/24		634,959		623,004
Charter NEX U.S., Inc. Term Loan, 4.500%, 1M LIBOR + 3.750%, 12/01/27		175,750		176,360
Klockner-Pentaplast of America, Inc. Term Loan B, 5.250%, 6M LIBOR + 4.750%, 02/12/26		244,770		245,994
				1,045,358
Pharmaceuticals—0.3%
Endo Luxembourg Finance Co. I S.a.r.l. Term Loan, 5.750%, 3M LIBOR + 5.000%, 03/27/28		1,088,518		1,068,925
Gainwell Acquisition Corp. Term Loan B, 4.750%, 3M LIBOR + 4.000%, 10/01/27		1,827,755		1,834,609
PRA Health Sciences Inc Term Loan, 3.000%, 3M LIBOR + 2.500%, 07/03/28		260,732		261,927
				3,165,461
Retail—0.4%
Foundation Building Materials Holding Co. LLC Term Loan, 3.750%, 3M LIBOR + 3.250%, 02/03/28		253,681		252,333
IRB Holding Corp. Incremental Term Loan, 4.250%, 3M LIBOR + 3.250%, 12/15/27		876,378		879,116
LBM Acquisition LLC Term Loan B, 4.500%, 1M LIBOR + 3.750%, 12/17/27		114,505		113,646
PetSmart, Inc. Term Loan B, 4.500%, 6M LIBOR + 3.750%, 02/12/28		1,477,000		1,482,539
Staples, Inc. Term Loan, 5.126%, 3M LIBOR + 5.000%, 04/16/26		373,092		356,815
White Cap Buyer LLC Term Loan B, 4.500%, 1M LIBOR + 4.000%, 10/19/27		1,230,700		1,234,973
				4,319,422
Shipbuilding—0.1%
MHI Holdings LLC Term Loan B, 5.084%, 1M LIBOR + 5.000%, 09/21/26		950,823		957,162
Software—2.3%
Ascend Learning LLC Term Loan B, 4.000%, 1M LIBOR + 3.000%, 07/12/24		197,495		197,711
Athenahealth, Inc. Term Loan B1, 4.377%, 3M LIBOR + 4.250%, 02/11/26		302,480		303,690
Boxer Parent Co., Inc. USD Term Loan, 3.882%, 3M LIBOR + 3.750%, 10/02/25		884,139		880,271
Camelot U.S. Acquisition 1 Co. Incremental Term Loan B, 4.000%, 1M LIBOR + 3.000%, 10/30/26		274,923		276,011
Castle U.S. Holding Corp. Term Loan B, 3.882%, 3M LIBOR + 3.750%, 01/29/27		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) Term Loan, 3.336%, 1M LIBOR + 3.250%, 02/06/26		965,749		965,835
Emerald TopCo., Inc. Term Loan, 3.629%, 3M LIBOR + 3.500%, 07/24/26		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. Term Loan B, 5.500%, 6M LIBOR + 4.500%, 01/29/26		395,015		398,965
Greeneden U.S., Holdings II LLC USD Term Loan B4, 4.750%, 1M LIBOR + 4.000%, 12/01/27		617,316		620,161
Helios Software Holdings, Inc. 2021 USD Term Loan B, 3.882%, 3M LIBOR + 3.750%, 03/11/28		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. 2nd Lien Term Loan, 8.000%, 1W LIBOR + 7.250%, 12/17/28		370,000		371,850
Polaris Newco LLC USD Term Loan B, 4.500%, 6M LIBOR + 4.000%, 06/02/28		998,000		1,001,368
Project Alpha Intermediate Holding, Inc. 2021 Term Loan B, 4.090%, 1M LIBOR + 4.000%, 04/26/24		447,618		447,990
Proofpoint, Inc. 2nd Lien Term Loan, 6.750%, 3M LIBOR + 6.250%, 08/31/29		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. 1st Lien Term Loan, 3.334%, 1M LIBOR + 3.250%, 05/30/25		12,379	$	12,293
Severin Acquisition LLC Term Loan B, 3.337%, 1M LIBOR + 3.250%, 08/01/25		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. 2nd Lien Term Loan, 7.340%, 1M LIBOR + 7.250%, 03/03/28		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. USD Term Loan B, 6.000%, 3M LIBOR + 5.000%, 09/01/25		1,906,856		1,918,774
				22,454,835
Telecommunications—1.3%
Altice France S.A. Term Loan B13, 4.125%, 3M LIBOR + 4.000%, 08/14/26		364,189		363,831
Connect Finco Sarl Term Loan B, 4.500%, 1M LIBOR + 3.500%, 12/11/26		375,637		376,313
Delta TopCo, Inc. Term Loan B, 4.500%, 3M LIBOR + 3.750%, 12/01/27		978,932		981,481
Digicel International Finance, Ltd. Term Loan B, 3.430%, 6M LIBOR + 3.250%, 05/28/24		761,801		737,280
Frontier Communications Corp. DIP Term Loan B, 4.500%, 3M LIBOR + 3.750%, 05/01/28		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. Term Loan B, 4.837%, 1M LIBOR + 4.750%, 06/10/27		1,052,970		1,053,063
Zayo Group Holdings, Inc. Term Loan, 3.084%, 1M LIBOR + 3.000%, 03/09/27		1,315,696		1,305,765
				12,301,357
Transportation—0.0%
AIT Worldwide Logistics, Inc 2021 Term Loan, 5.500%, 3M LIBOR + 4.750%, 03/31/28		180,000		180,810
Total Floating Rate Loans (Cost $103,919,122)				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/ Principal 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 (Cost $16,842,919)				19,568,477
Convertible Bonds—0.7%
Commercial Services—0.0%
Nexi S.p.A. Zero Coupon, 02/24/28 (EUR)		100,000		111,787
Engineering & Construction—0.1%
Cellnex Telecom S.A. 0.750%, 11/20/31 (EUR)		500,000		569,081
Internet—0.1%
Uber Technologies, Inc. Zero Coupon, 12/15/25 (a)		777,000		755,734
Lodging—0.0%
Accor S.A. 0.700%, 12/07/27 (EUR)		80,400		48,261
Media—0.4%
Cable One, Inc. 1.125%, 03/15/28		532,000		539,783
DISH Network Corp. 2.375%, 03/15/24		699,000		681,088
3.375%, 08/15/26		989,000		1,028,065
Liberty Broadband Corp. 1.250%, 09/30/50 (144A)		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. 5.000%, PIK, 11/15/25 † (c) (f) (g)		516,974		603,567
Telecommunications—0.0%
Telecom Italia S.p.A. 1.125%, 03/26/22 (EUR)		100,000		116,122
Total Convertible Bonds (Cost $7,075,628)				7,427,328
Escrow Shares—0.0%
Security Description	Shares/ Principal 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 (Cost $0)				15,157
Short-Term Investment—4.4%
Repurchase Agreement—4.4%
Fixed Income Clearing Corp. Repurchase Agreement dated 09/30/21 at 0.000%, due on 10/01/21 with a maturity value of $43,085,565; collateralized by U.S. Treasury Note at 1.250%, maturing 06/30/28, with a market value of $43,947,328.		43,085,565		43,085,565
Total Short-Term Investments (Cost $43,085,565)				43,085,565
Securities Lending Reinvestments (l)—4.6%
Certificates of Deposit—0.4%
Mitsubishi UFJ Trust and Banking Corp. (London) Zero Coupon, 11/15/21		1,500,000		1,499,760
Royal Bank of Canada New York 0.185%, 3M LIBOR + 0.040%, 10/05/21 (b)		1,000,000		1,000,011
Sumitomo Mitsui Trust Bank, Ltd. 0.060%, 10/05/21		1,000,000		999,994
				3,499,765
Repurchase Agreements—3.6%
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
Barclays Capital, Inc. Repurchase Agreement dated 09/30/21 at 0.040%, due on 10/01/21 with a maturity value of $4,493,720; collateralized by U.S. Treasury Obligations with rates ranging from 0.000% - 3.625%, maturity dates ranging from 01/15/22 - 02/15/50, and an aggregate market value of $4,583,590.		4,493,715		4,493,715
Cantor Fitzgerald & Co. Repurchase Agreement dated 09/30/21 at 0.055%, due on 10/01/21 with a maturity value of $5,000,008; collateralized by U.S. Treasury and U.S. Government Agency Obligations with rates ranging from 0.000% - 5.500%, maturity dates ranging from 11/01/26 - 07/20/71, and an aggregate market value of $5,100,000.		5,000,000		5,000,000
Deutsche Bank AG, London Repurchase Agreement dated 09/30/21 at 0.150%, due on 10/01/21 with a maturity value of $700,003; 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 $714,003.		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/ Principal Amount*		Value
Repurchase Agreements—(Continued)
ING Financial Markets LLC Repurchase Agreement dated 09/30/21 at 0.040%, due on 10/01/21 with a maturity value of $6,000,007; collateralized by U.S. Treasury and Foreign Obligations with rates ranging from 0.065% - 6.625%, maturity dates ranging from 10/12/21 - 01/04/35, and an aggregate market value of $6,120,001.		6,000,000	$	6,000,000
National Bank of Canada Repurchase Agreement dated 09/30/21 at 0.200%, due on 10/07/21 with a maturity value of $5,000,194; collateralized by various Common Stock with an aggregate market value of $5,556,300.		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 $1,300,059; 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 $1,443,041.		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 Repurchase Agreement dated 09/30/21 at 0.050%, due on 10/01/21 with a maturity value of $400,001; 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 $408,020.		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) 0.130%, 10/01/21		400,000		400,000
Skandi New York 0.050%, 10/01/21		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 0.030%, 10/01/21 (m)		1,000,000		1,000,000
				5,000,000
Total Securities Lending Reinvestments (Cost $44,956,830)				44,956,895
Total Purchased Options—0.0% (n) (Cost $5,797)				14,230
Total Investments—105.4% (Cost $1,005,263,447)				1,037,779,435
Unfunded Loan Commitments—(0.0)% (Cost $(417,816))				(417,816	)
Net Investments—105.4% (Cost $1,004,845,631)				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. 5.250%, due 01/15/25	5.000%	Quarterly	06/20/26	CSI		2.731	%		EUR	10,000	$	1,188		$	488		$	700
CMA CGM S.A. 5.250%, due 01/15/25	5.000%	Quarterly	06/20/26	BBP		2.731	%		EUR	10,000		1,188			879			309
Century Link, Inc. 6.150%, due 09/15/19	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. 6.150%, due 09/15/19	1.000%	Quarterly	06/20/25	BBP		2.113	%		USD	225,000	$	(8,917	)	$	(41,969	)	$	33,052
Rolls Royce plc 2.125%, due 06/18/21	1.000%	Quarterly	06/20/25	CBNA		1.459	%		EUR	10,755		(210	)		(1,424	)		1,214
Virgin Media Finance plc 3.750%, due 7/15/30	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 (Cost $1,635,684,909)				1,968,593,677
Total Investments—100.0% (Cost $1,635,684,909)				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 (Cost $7,518,928,171)				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 4.000%, TBA (d)		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 Zero Coupon, 04/15/30		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 1.500%, 11/30/24		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 (Cost $3,211,146,132)				3,289,715,523
Corporate Bonds & Notes—1.6%
Banks—1.5%
Bank of America Corp. 3.419%, 3M LIBOR + 1.040%, 12/20/28 (f)		20,000,000		21,676,752
Bank of New York Mellon Corp. (The) 3.542%, 3M LIBOR + 3.420%, 12/20/21 (f)		6,800,000		6,834,541
Citigroup, Inc. 3.887%, 3M LIBOR + 1.563%, 01/10/28 (f)		20,000,000		22,100,592
Cooperative Rabobank UA 4.375%, 08/04/25		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. 4.254%, 3M LIBOR + 1.270%, 09/11/29 (f)		5,000,000		5,678,957
Morgan Stanley 3.591%, 3M LIBOR + 1.340%, 07/22/28 (f)		20,000,000		21,932,751
Wells Fargo & Co. 5.900%, 3M LIBOR + 3.110%, 06/15/24 (f)		8,600,000		9,255,750
				173,781,164
Insurance—0.1%
MassMutual Global Funding II 2.500%, 10/17/22 (144A)		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. 3.432%, 08/15/36		2,445,000		2,666,606
Total Corporate Bonds & Notes (Cost $161,560,137)				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 4.458%, 10/01/62		1,845,000		2,484,272
Total Municipals (Cost $2,512,921)				3,159,941

Short-Term Investments—0.5%
Security Description	Principal Amount*		Value
Repurchase Agreements—0.3%
Fixed Income Clearing Corp. Repurchase Agreement dated 09/30/21 at 0.000%, due on 10/01/21 with a maturity value of $5,250,541; collateralized by U.S. Treasury Note at 1.250%, maturing 06/30/28, with a market value of $5,355,618.		5,250,541	$	5,250,541
Goldman Sachs & Co. LLC Repurchase Agreement dated 09/30/21 at 0.030%, due on 10/01/21 with a maturity value of $9,000,008; collateralized by U.S. Government Agency Obligation at 2.000%, maturing 10/01/51, with a market value of $9,284,443.		9,000,000		9,000,000
JPMorgan Securities, LLC Repurchase Agreement dated 09/30/21 at 0.030%, due on 10/01/21 with a maturity value of $18,500,015; collateralized by U.S. Treasury Note at 0.375%, maturing 09/30/27, with a market value of $18,894,485.		18,500,000		18,500,000
				32,750,541
U.S. Treasury—0.2%
U.S. Treasury Bill 0.044%, 03/24/22 (g)		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 (Cost $56,746,021)				56,745,771
Total Investments—101.3% (Cost $10,950,893,382)				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) - Class A (a) (b)		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 Amount*		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 (Cost $865,166,542)				1,180,158,584
Short-Term Investment—2.1%
Repurchase Agreement—2.1%
Fixed Income Clearing Corp. Repurchase Agreement dated 09/30/21 at 0.000%, due on 10/01/21 with a maturity value of $25,410,822; collateralized by U.S. Treasury Note at 0.500%, maturing 06/30/27, with a market value of $25,919,098.		25,410,822		25,410,822
Total Short-Term Investments (Cost $25,410,822)				25,410,822
Securities Lending Reinvestments (d)—13.9%
Security Description	Principal Amount*		Value
Certificates of Deposit—4.5%
Agricultural Bank of China 0.200%, 11/22/21		3,000,000		3,000,174
Bank of Montreal (Chicago) 0.179%, 1M BSBY + 0.120%, 12/01/21 (e)		2,000,000		1,999,964
Barclays Bank plc 0.180%, 04/07/22		5,000,000		5,002,885
Cooperatieve Rabobank UA 0.159%, 3M LIBOR + 0.040%, 01/11/22 (e)		4,000,000		4,000,560
0.170%, 03/18/22		4,000,000		4,000,000
Credit Industriel et Commercial Zero Coupon, 10/12/21		5,000,000		4,999,800
Goldman Sachs Bank USA 0.170%, 02/04/22		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. 0.160%, 03/25/22		2,000,000		1,999,902
MUFG Bank Ltd. 0.150%, 01/11/22		3,000,000		3,000,084
Natixis S.A. (New York) 0.167%, 3M LIBOR + 0.040%, 02/11/22 (e)		5,000,000		5,000,765
Oversea-Chinese Banking Corp., Ltd. 0.152%, 3M LIBOR + 0.020%, 03/25/22 (e)		7,000,000		7,000,378
Societe Generale 0.150%, 03/15/22		2,000,000		1,999,908
Standard Chartered Bank (NY) 0.170%, 03/28/22		2,000,000		2,000,000
Sumitomo Mitsui Trust Bank, Ltd. Zero Coupon, 02/10/22		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 0.240%, 03/30/22		5,000,000		4,995,363
Repurchase Agreements—6.5%
Barclays Bank plc Repurchase Agreement dated 09/30/21 at 0.190%, due on 10/01/21 with a maturity value of $4,300,023; collateralized by various Common Stock with an aggregate market value of $4,778,307.		4,300,000		4,300,000
Barclays Capital, Inc. Repurchase Agreement dated 09/30/21 at 0.040%, due on 10/01/21 with a maturity value of $6,453,249; collateralized by U.S. Treasury Obligations with rates ranging from 0.000% - 3.625%, maturity dates ranging from 01/15/22 - 02/15/50, and an aggregate market value of $6,582,307.		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 Amount*		Value
Repurchase Agreements—(Continued)
BofA Securities, Inc. 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
CF Secured LLC 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% - 4.750%, maturity dates ranging from 11/18/21 - 08/15/50, and an aggregate market value of $5,100,007.		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 Repurchase Agreement dated 09/30/21 at 0.150%, due on 10/01/21 with a maturity value of $700,003; 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 $714,003.		700,000		700,000
Morgan Stanley Repurchase Agreement dated 09/30/21 at 0.420%, due on 01/03/22 with a maturity value of $3,003,325; collateralized by various Common Stock with an aggregate market value of $3,300,046.		3,000,000		3,000,000
National Bank of Canada Repurchase Agreement dated 09/30/21 at 0.200%, due on 10/07/21 with a maturity value of $20,000,778; collateralized by various Common Stock with an aggregate market value of $22,225,200.		20,000,000		20,000,000
NBC Global Finance, Ltd. Repurchase Agreement dated 09/30/21 at 0.235%, due on 10/07/21 with a maturity value of $2,900,133; 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 $3,219,090.		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 Repurchase Agreement dated 09/30/21 at 0.050%, due on 10/01/21 with a maturity value of $1,500,002; 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 $1,530,077.		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 0.060%, 10/01/21		2,000,000		2,000,000
Landesbank Baden-Wuettertemberg (London) 0.130%, 10/01/21		1,600,000		1,600,000
National Bank of Canada 0.120%, OBFR + 0.050%, 10/07/21 (e)		5,000,000		5,000,000
Skandi New York 0.050%, 10/01/21		2,000,000		2,000,000
				10,600,000
Mutual Funds—1.6%
BlackRock Liquidity Funds FedFund, Institutional Shares 0.030% (f)		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  0.030% (f)		9,000,000		9,000,000
				19,500,000
Total Securities Lending Reinvestments (Cost $166,930,773)				166,937,189
Total Investments—114.2% (Cost $1,057,508,137)				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 (Cost $829,085,421)				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 Amount*		Value
South Korea—8.3%
Samsung Electronics Co., Ltd. (Cost $55,090,860)		1,647,408	$	96,426,978
Short-Term Investment—1.3%
Repurchase Agreement—1.3%
Fixed Income Clearing Corp. Repurchase Agreement dated 09/30/21 at 0.000%, due on 10/01/21 with a maturity value of $15,372,584; collateralized by U.S. Treasury Note at 1.250%, maturing 06/30/28, with a market value of $15,680,123.		15,372,584		15,372,584
Total Short-Term Investments (Cost $15,372,584)				15,372,584
Securities Lending Reinvestments(c)—0.7%
Repurchase Agreements—0.6%
Barclays Bank plc Repurchase Agreement dated 09/30/21 at 0.190%, due on 10/01/21 with a maturity value of $1,200,006; collateralized by various Common Stock with an aggregate market value of $1,333,481.		1,200,000		1,200,000
Barclays Capital, Inc. Repurchase Agreement dated 09/30/21 at 0.040%, due on 10/01/21 with a maturity value of $565,498; collateralized by U.S. Treasury Obligations with rates ranging from 0.000% - 3.625%, maturity dates ranging from 01/15/22 - 02/15/50, and an aggregate market value of $576,807.		565,498		565,498
Cantor Fitzgerald & Co. Repurchase Agreement dated 09/30/21 at 0.055%, due on 10/01/21 with a maturity value of $1,200,002; collateralized by U.S. Treasury and U.S. Government Agency Obligations with rates ranging from 0.000% - 5.500%, maturity dates ranging from 11/01/26 - 07/20/71, and an aggregate market value of $1,224,000.		1,200,000		1,200,000
CF Secured LLC Repurchase Agreement dated 09/30/21 at 0.050%, due on 10/01/21 with a maturity value of $1,200,002; collateralized by U.S. Treasury Obligations with rates ranging from 0.000% - 4.750%, maturity dates ranging from 11/18/21 - 08/15/50, and an aggregate market value of $1,224,002.		1,200,000		1,200,000
Deutsche Bank AG, London Repurchase Agreement dated 09/30/21 at 0.150%, due on 10/01/21 with a maturity value of $1,000,004; 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 $1,020,004.		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 $500,001; 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 $510,026.		500,000		500,000
Repurchase Agreements—(Continued)
Societe Generale 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
				6,665,498
Time Deposit—0.0%
Landesbank Baden-Wuettertemberg (London) 0.130%, 10/01/21		75,928		75,928
Mutual Funds—0.1%
BlackRock Liquidity Funds FedFund, Institutional Shares 0.030% (d)		500,000		500,000
STIT-Government & Agency Portfolio, Institutional Class 0.030% (d)		500,000		500,000
				1,000,000
Total Securities Lending Reinvestments (Cost $7,741,426)				7,741,426
Total Investments—100.9% (Cost $907,290,291)				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 September 30, 2021 (Unaudited)	% of Net Assets
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 (Cost $892,959,686)				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 Amount*		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 (Cost $34,302,887)				38,383,828
Equity Linked Security—2.6%
United Kingdom—2.6%
Ryanair Holdings plc (HSBC Bank plc), Expires 10/29/21 (a) (c) (Cost $26,622,963)		1,683,445		31,843,800
Short-Term Investment—3.4%
Repurchase Agreement—3.4%
Fixed Income Clearing Corp. Repurchase Agreement dated 09/30/21 at 0.000%, due on 10/01/21 with a maturity value of $41,673,325; collateralized by U.S. Treasury Note at 1.250%, maturing 06/30/28, with a market value of $42,506,815.		41,673,325		41,673,325
Total Short-Term Investments (Cost $41,673,325)				41,673,325
Securities Lending Reinvestments (d)—0.4%
Repurchase Agreements—0.3%
Barclays Bank plc Repurchase Agreement dated 09/30/21 at 0.190%, due on 10/01/21 with a maturity value of $700,004; collateralized by various Common Stock with an aggregate market value of $777,864.		700,000		700,000
Barclays Capital, Inc. Repurchase Agreement dated 09/30/21 at 0.040%, due on 10/01/21 with a maturity value of $645,010; collateralized by U.S. Treasury Obligations with rates ranging from 0.000% - 3.625%, maturity dates ranging from 01/15/22 - 02/15/50, and an aggregate market value of $657,909.		645,009		645,009
Cantor Fitzgerald & Co. Repurchase Agreement dated 09/30/21 at 0.055%, due on 10/01/21 with a maturity value of $750,001; collateralized by U.S. Treasury and U.S. Government Agency Obligations with rates ranging from 0.000% - 5.500%, maturity dates ranging from 11/01/26 - 07/20/71, and an aggregate market value of $765,000.		750,000		750,000
CF Secured LLC Repurchase Agreement dated 09/30/21 at 0.050%, due on 10/01/21 with a maturity value of $300,000; collateralized by U.S. Treasury Obligations with rates ranging from 0.000% - 4.750%, maturity dates ranging from 11/18/21 - 08/15/50, and an aggregate market value of $306,000.		300,000		300,000
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 $97,627; 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 $99,580.		97,627		97,627
ING Financial Markets LLC Repurchase Agreement dated 09/30/21 at 0.040%, due on 10/01/21 with a maturity value of $100,000; collateralized by U.S. Treasury and Foreign Obligations with rates ranging from 0.065% - 6.625%, maturity dates ranging from 10/12/21 - 01/04/35, and an aggregate market value of $102,000.		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 0.030% (e)		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  0.030% (e)		100,000		100,000
Wells Fargo Government Money Market Fund, Select Class  0.030% (e)		100,000		100,000
				650,000
Total Securities Lending Reinvestments (Cost $4,189,381)				4,189,381
Total Investments—100.2% (Cost $999,748,242)				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 September 30, 2021 (Unaudited)	% of Net Assets
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 Term Loan B, 1.836%, 1M LIBOR + 1.750%, 11/18/26		925,000	$	914,160
Terrier Media Buyer, Inc. Term Loan, 3.584%, 1M LIBOR + 3.500%, 12/17/26		1,572,120		1,570,700
				2,484,860
Aerospace/Defense—1.7%
AI Convoy (Luxembourg) S.a.r.l. Term Loan B, 4.500%, 6M LIBOR + 3.500%, 01/17/27		615,529		617,516
Dynasty Acquisition Co., Inc. Term Loan B1, 3.632%, 3M LIBOR + 3.500%, 04/06/26		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. Term Loan B, 6.000%, 1M LIBOR + 5.250%, 01/15/25		397,000		399,977
TransDigm, Inc. Term Loan G, 2.334%, 1M LIBOR + 2.250%, 08/22/24		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 Term Loan, 4.750%, 3M LIBOR + 3.750%, 04/30/25		2,604,091		2,535,734
				13,349,650
Airlines—0.5%
AAdvantage Loyalty, IP Ltd. Term Loan, 5.500%, 3M LIBOR + 4.750%, 04/20/28		1,000,000		1,034,786
Mileage Plus Holdings LLC Term Loan B, 6.250%, 3M LIBOR + 5.250%, 06/21/27		725,000		770,615
SkyMiles IP, Ltd. Term Loan B, 4.750%, 3M LIBOR + 3.750%, 10/20/27		1,900,000		2,022,668
				3,828,069
Auto Manufacturers—0.1%
American Trailer World Corp. Term Loan B, 4.500%, 1M LIBOR + 3.750%, 03/03/28		1,122,188		1,118,213
Auto Parts & Equipment—2.7%
Adient U.S. LLC Term Loan B, 3.584%, 1M LIBOR + 3.500%, 04/08/28		897,750		899,113
American Axle & Manufacturing, Inc. Term Loan B, 3.000%, 1M LIBOR + 2.250%, 04/06/24		1,568,426		1,569,080
Autokiniton US Holdings, Inc. Term Loan B, 5.000%, 3M LIBOR + 4.500%, 04/06/28		1,747,063		1,750,557
Clarios Global L.P. USD Term Loan B, 3.334%, 1M LIBOR + 3.250%, 04/30/26		3,528,743		3,516,611
CS Intermediate Holdco 2 LLC Term Loan B, 2.750%, 1M LIBOR + 2.000%, 11/02/23		1,247,965		1,197,852
Dayco Products LLC Term Loan B, 4.371%, 3M LIBOR + 4.250%, 05/19/23		957,500		933,861
Delachaux S.A. Term Loan B, 4.629%, 3M LIBOR + 4.500%, 04/16/26		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. USD Term Loan B, 3.750%, 3M LIBOR + 3.250%, 04/30/28		675,000		675,844
Goodyear Tire & Rubber Co. (The) 2nd Lien Term Loan, 2.090%, 1M LIBOR + 2.000%, 03/07/25		2,433,333		2,410,521
Tenneco, Inc. Term Loan B, 3.084%, 1M LIBOR + 3.000%, 10/01/25		3,233,563		3,211,910
TI Group Automotive Systems, LLC USD Term Loan, 3.750%, 3M LIBOR + 3.250%, 12/16/26		646,750		648,771
Truck Hero, Inc. Term Loan B, 4.000%, 1M LIBOR + 3.250%, 01/31/28		1,094,500		1,093,473
Wheel Pros, LLC Term Loan, 5.250%, 1M LIBOR + 4.500%, 05/11/28		950,000		950,972
				21,880,095
Beverages—0.4%
Arterra Wines Canada, Inc. Term Loan, 4.250%, 3M LIBOR + 3.500%, 11/24/27		918,063		919,305
City Brewing Co. LLC Closing Date Term Loan, 4.250%, 3M LIBOR + 3.500%, 04/05/28		800,000		793,500
Triton Water Holdings, Inc. Term Loan, 4.000%, 3M LIBOR + 3.500%, 03/31/28		1,296,750		1,296,548
				3,009,353
Building Materials—2.1%
ACProducts, Inc. Term Loan B, 4.750%, 3M LIBOR + 4.250%, 05/17/28		1,870,313		1,870,647
Cornerstone Building Brands, Inc. Term Loan B, 3.750%, 1M LIBOR + 3.250%, 04/12/28		796,000		795,917
CP Atlas Buyer, Inc. Term Loan B, 4.250%, 3M LIBOR + 3.750%, 11/23/27		1,394,625		1,392,990
CPG International, Inc. Term Loan, 3.250%, 3M LIBOR + 2.500%, 05/05/24		1,091,837		1,093,592
Ingersoll-Rand Services Co. Term Loan B, 1.834%, 1M LIBOR + 1.750%, 03/01/27		1,206,625		1,192,579
MI Windows and Doors LLC Term Loan, 4.500%, 1M LIBOR + 3.750%, 12/18/27		421,813		423,263
Quikrete Holdings, Inc. Term Loan B1, 02/21/28 (b)		2,300,000		2,295,368
1st Lien Term Loan, 2.584%, 1M LIBOR + 2.500%, 02/01/27		4,235,600		4,205,870
Standard Industries, Inc. Term Loan B, 09/22/28 (b)		1,925,000		1,928,477
Summit Materials Cos. I LLC Term Loan B, 2.084%, 1M LIBOR + 2.000%, 11/21/24		1,540,000		1,538,900
				16,737,603
Chemicals—3.6%
Aruba Investments, Inc. USD Term Loan, 4.750%, 3M LIBOR + 4.000%, 11/24/27		671,625		674,563
Atotech B.V. USD Term Loan B, 3.000%, 3M LIBOR + 2.500%, 03/18/28		947,625		947,388
Axalta Coating Systems U.S. Holdings, Inc. Term Loan B2, 1.882%, 3M LIBOR + 1.750%, 06/01/24		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. Term Loan, 4.500%, 3M LIBOR + 3.750%, 12/29/27		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 Term Loan C, 5.250%, 3M LIBOR + 4.250%, 09/21/23		133,095		133,483
Flint Group U.S. LLC 1st Lien Term Loan B2, 5.250%, 3M LIBOR + 4.250%, 09/21/23		805,118		807,464
HB Fuller Co. Term Loan B, 2.087%, 1M LIBOR + 2.000%, 10/20/24		599,470		600,730
Hexion, Inc. Exit Term Loan, 3.650%, 3M LIBOR + 3.500%, 07/01/26		1,637,313		1,639,359
Illuminate Buyer LLC Term Loan, 3.584%, 1M LIBOR + 3.500%, 06/30/27		708,670		708,670
INEOS Enterprises Holdings U.S. Finco LLC Term Loan B, 4.500%, 3M LIBOR + 3.500%, 08/28/26		181,210		181,946
INEOS Styrolution U.S. Holding LLC USD Term Loan B, 3.250%, 1M LIBOR + 2.750%, 01/29/26		2,294,250		2,297,978
INEOS U.S. Finance LLC Term Loan B, 2.084%, 2M LIBOR + 2.000%, 04/01/24		3,007,689		2,992,885
LSF11 Skyscraper Holdco S.a r.l. USD Term Loan B, 4.250%, 3M LIBOR + 3.500%, 09/29/27		1,965,137		1,968,822
Messer Industries GmbH Term Loan, 2.632%, 3M LIBOR + 2.500%, 03/01/26		1,627,035		1,620,933
Minerals Technologies, Inc. Term Loan B, 3.000%, 1M LIBOR + 2.250%, 02/14/24		746,474		748,807
Orion Engineered Carbons GmbH USD Term Loan, 09/24/28 (b)		425,000		427,678
PQ Corp. Term Loan B, 3.250%, 3M LIBOR + 2.750%, 06/09/28		2,304,225		2,309,085
Starfruit Finco B.V. Term Loan B, 2.832%, 1M LIBOR + 2.750%, 10/01/25		2,488,006		2,474,456
Trinseo Materials Operating S.C.A. Term Loan B2, 2.584%, 1M LIBOR + 2.500%, 05/03/28		897,750		895,954
Tronox Finance LLC Term Loan B, 2.366%, 3M LIBOR + 2.250%, 03/13/28		1,656,000		1,651,688
Venator Materials Corp. Term Loan B, 3.084%, 1M LIBOR + 3.000%, 08/08/24		816,000		806,820
W.R. Grace & Co. Term Loan B, 09/22/28 (b)		1,250,000		1,255,860
				29,075,229
Coal—0.1%
American Consolidated Natural Resources, Inc. Exit Term Loan, 14.000%, 3M LIBOR + 13.000%, 09/16/25		399,767		408,886
Oxbow Carbon LLC Term Loan B, 5.000%, 1M LIBOR + 4.250%, 10/13/25		308,750		310,294
				719,180
Commercial Services—6.9%
AEA International Holdings (Lux) S.a.r.l. Term Loan B, 4.250%, 3M LIBOR + 3.750%, 08/05/28		1,150,000		1,151,438
Commercial Services—(Continued)
AlixPartners LLP USD Term Loan B, 3.250%, 1M LIBOR + 2.750%, 02/04/28		1,417,875		1,415,304
Allied Universal Holdco LLC USD Incremental Term Loan B, 4.250%, 3M LIBOR + 3.750%, 05/12/28		2,839,063		2,844,562
Amentum Government Services Holdings LLC Term Loan B, 3.584%, 1M LIBOR + 3.500%, 01/29/27		864,063		864,782
American Residential Services LLC Term Loan B, 4.250%, 3M LIBOR + 3.500%, 10/15/27		545,875		546,216
APi Group DE, Inc. Term Loan B, 2.584%, 1M LIBOR + 2.500%, 10/01/26		1,235,000		1,230,112
Belron Finance U.S. LLC USD Term Loan B, 3.250%, 3M LIBOR + 2.750%, 04/13/28		870,625		868,811
CCRR Parent, Inc Term Loan B, 4.500%, 3M LIBOR + 3.750%, 03/06/28		447,750		449,849
CHG Healthcare Services, Inc. Term Loan, 09/29/28 (b)		1,200,000		1,200,000
CoreLogic, Inc. Term Loan, 4.000%, 1M LIBOR + 3.500%, 06/02/28		5,300,000		5,294,037
EAB Global, Inc. Term Loan, 4.000%, 3M LIBOR + 3.500%, 08/16/28		1,275,000		1,271,415
Electro Rent Corp. 1st Lien Term Loan, 6.000%, 3M LIBOR + 5.000%, 01/31/24		1,511,235		1,514,698
Employbridge LLC Term Loan B, 5.500%, 3M LIBOR + 4.750%, 07/14/28		1,625,000		1,615,351
Ensemble RCM, LLC Term Loan, 3.879%, 3M LIBOR + 3.750%, 08/03/26		2,252,139		2,259,177
Foundational Education Group, Inc. 1st Lien Term Loan, 4.750%, 6M LIBOR + 4.250%, 08/31/28		600,000		599,250
Garda World Security Corp. Term Loan B, 4.340%, 1M LIBOR + 4.250%, 10/30/26		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. 1st Lien Term Loan, 4.334%, 1M LIBOR + 4.250%, 12/01/25		4,449,608		4,451,993
KUEHG Corp. Incremental Term Loan, 4.750%, 3M LIBOR + 3.750%, 02/21/25		1,393,215		1,382,040
Monitronics International, Inc. Term Loan, 7.750%, 1M LIBOR + 6.500%, 03/29/24		1,281,948		1,260,582
Nielsen Consumer, Inc. USD Term Loan B, 4.084%, 1M LIBOR + 4.000%, 03/06/28		671,625		674,312
Parexel International Corp. Term Loan B, 2.834%, 1M LIBOR + 2.750%, 09/27/24		1,633,491		1,632,795
Prime Security Services Borrower LLC Term Loan, 3.500%, 6M LIBOR + 2.750%, 09/23/26		2,295,856		2,295,856
PSC Industrial Holdings Corp. 1st Lien Term Loan, 4.750%, 1M LIBOR + 3.750%, 10/11/24		1,612,188		1,612,818
RDV Resources Properties, LLC Exit Term Loan, 9.500%, 1M LIBOR + 8.500%, 03/29/24		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 Term Loan B, 5.000%, 3M LIBOR + 4.500%, 01/15/27		378,386		380,121
Spin Holdco, Inc. Term Loan, 4.750%, 3M LIBOR + 4.000%, 03/01/28		4,029,750		4,045,490
Syniverse Holdings, Inc. 1st Lien Term Loan, 6.000%, 3M LIBOR + 5.000%, 03/09/23		916,750		917,862
Team Health Holdings, Inc. 1st Lien Term Loan, 3.750%, 1M LIBOR + 2.750%, 02/06/24		1,862,250		1,821,014
Trans Union LLC Term Loan B5, 1.834%, 1M LIBOR + 1.750%, 11/16/26		2,017,520		2,006,928
TruGreen L.P. Term Loan, 4.750%, 1M LIBOR + 4.000%, 11/02/27		545,875		547,035
TTF Holdings, LLC Term Loan, 4.750%, 1M LIBOR + 4.000%, 03/24/28		420,750		421,276
Verscend Holding Corp. Term Loan B, 4.084%, 1M LIBOR + 4.000%, 08/27/25		2,059,208		2,064,870
Victory Capital Holdings, Inc. Term Loan B, 2.395%, 3M LIBOR + 2.250%, 07/01/26		778,968		777,410
Wex. Inc. Term Loan, 2.334%, 1M LIBOR + 2.250%, 03/31/28		447,750		446,258
				55,401,938
Computers—2.4%
Imprivata, Inc. Term Loan, 4.000%, 3M LIBOR + 3.500%, 12/01/27		1,069,625		1,071,096
Magenta Buyer LLC USD 1st Lien Term Loan, 5.750%, 3M LIBOR + 5.000%, 07/27/28		4,550,000		4,556,825
USD 2nd Lien Term Loan, 9.000%, 3M LIBOR + 8.250%, 05/03/29		1,075,000		1,073,656
NCR Corp. Term Loan, 2.630%, 3M LIBOR + 2.500%, 08/28/26		1,392,938		1,382,490
Panther Commercial Holdings L.P. Term Loan, 4.750%, 3M LIBOR + 4.250%, 01/07/28		598,500		601,493
Redstone Buyer LLC Term Loan, 5.500%, 3M LIBOR + 4.750%, 04/27/28		2,400,000		2,368,999
SITEL Worldwide Corp. Term Loan, 4.250%, 3M LIBOR + 3.750%, 08/28/28		2,025,000		2,030,063
Tempo Acquisition LLC Extended Term Loan, 3.750%, 1M LIBOR + 3.250%, 11/02/26		1,556,096		1,561,737
Valkyr Purchaser LLC Term Loan B, 4.750%, 3M LIBOR + 4.000%, 10/29/27		671,625		672,884
Verifone Systems, Inc. 1st Lien Term Loan, 4.129%, 3M LIBOR + 4.000%, 08/20/25		2,776,990		2,728,046
Vision Solutions, Inc. 1st Lien Term Loan, 5.000%, 3M LIBOR + 4.250%, 04/24/28		900,000		899,719
Western Digital Corp. Term Loan B4, 1.838%, 1M LIBOR + 1.750%, 04/29/23		844,335		845,390
				19,792,398
Cosmetics/Personal Care—0.6%
Conair Holdings LLC Term Loan B, 4.250%, 3M LIBOR + 3.750%, 05/17/28		1,600,000		1,603,166
Journey Personal Care Corp. Term Loan B, 5.000%, 3M LIBOR + 4.250%, 03/01/28		1,072,313		1,075,887
Sunshine Luxembourg ViII S.a.r.l Term Loan B3, 4.500%, 3M LIBOR + 3.750%, 10/01/26		1,940,250		1,947,683
				4,626,736
Distribution/Wholesale—1.0%
American Builders & Contractors Supply Co., Inc. Term Loan, 2.084%, 1M LIBOR + 2.000%, 01/15/27		5,708,500		5,679,135
Core & Main L.P. Term Loan B, 2.586%, 1M LIBOR + 2.500%, 07/27/28		1,450,000		1,446,677
KAR Auction Services, Inc. Term Loan B6, 2.375%, 1M LIBOR + 2.250%, 09/19/26		539,000		530,915
Protective Industrial Products, Inc. Term Loan, 4.750%, 1M LIBOR + 4.000%, 01/20/28		498,750		498,750
				8,155,477
Diversified Financial Services—4.6%
Advisor Group, Inc. Term Loan, 4.584%, 1M LIBOR + 4.500%, 07/31/26		1,474,981		1,479,088
Aretec Group, Inc. Term Loan, 4.334%, 1M LIBOR + 4.250%, 10/01/25		3,635,145		3,630,602
Astra Acquisition Corp. Term Loan B1, 5.500%, 1M LIBOR + 4.750%, 03/01/27		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 Term Loan, 2.658%, 3M LIBOR + 2.500%, 09/28/23		2,933,000		2,933,000
Clipper Acquisitions Corp. Term Loan B, 1.833%, 1M LIBOR + 1.750%, 03/03/28		1,085,794		1,075,840
Deerfield Dakota Holding LLC Term Loan B, 4.750%, 1M LIBOR + 3.750%, 04/09/27		1,876,250		1,884,123
Delos Finance S.a.r.l. Term Loan B, 1.882%, 3M LIBOR + 1.750%, 10/06/23		1,872,500		1,873,378
Ditech Holding Corp. Term Loan, 06/30/22 (c)		1,824,660		364,932
Edelman Financial Center LLC Term Loan B, 4.250%, 1M LIBOR + 3.500%, 04/07/28		1,745,625		1,744,379
Fiserv Investment Solutions, Inc. Term Loan B, 4.155%, 3M LIBOR + 4.000%, 02/18/27		493,750		495,061
Focus Financial Partners LLC Term Loan, 2.084%, 1M LIBOR + 2.000%, 07/03/24		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. Term Loan B, 2.375%, 1M LIBOR + 2.250%, 08/01/25		484,999		483,180
Greenhill & Co., Inc. Term Loan B, 3.334%, 1M LIBOR + 3.250%, 04/12/24		797,792		796,794
GreenSky Holdings LLC Term Loan B, 3.375%, 1M LIBOR + 3.250%, 03/31/25		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 Term Loan, 3.500%, 1M LIBOR + 2.750%, 07/21/23		5,073,157		5,087,423
Hudson River Trading LLC Term Loan, 3.084%, 1M LIBOR + 3.000%, 03/20/28		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. Term Loan B1, 1.834%, 1M LIBOR + 1.750%, 11/12/26		1,277,250	$	1,272,118
Mariner Wealth Advisors LLC Delayed Draw Term Loan, 08/18/28 (d)		68,750		68,578
Term Loan B, 3.750%, 3M LIBOR + 3.250%, 08/18/28		481,250		480,047
NFP Corp. Term Loan, 3.334%, 1M LIBOR + 3.250%, 02/15/27		716,735		710,612
				37,086,975
Electric—0.8%
Calpine Construction Finance Co. L.P. Term Loan B, 2.084%, 1M LIBOR + 2.000%, 01/15/25		1,214,502		1,202,575
Calpine Corp. Term Loan B9, 2.090%, 1M LIBOR + 2.000%, 04/05/26		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 Exit Term Loan, 21.500%, 3M LIBOR + 10.000%, 07/30/25		154,402		157,104
Pike Corp. Incremental Term Loan B, 3.090%, 1M LIBOR + 3.000%, 01/21/28		431,507		432,046
Vistra Operations Company LLC 1st Lien Term Loan B3, 1.834%, 1M LIBOR + 1.750%, 12/31/25		1,179,444		1,172,072
				6,360,004
Electrical Components & Equipment—0.1%
Energizer Holdings, Inc. Term Loan, 2.750%, 1M LIBOR + 2.250%, 12/22/27		988,642		990,032
Electronics—0.2%
Celestica, Inc. Term Loan B, 2.586%, 1M LIBOR + 2.500%, 06/27/25		174,000		174,000
Mirion Technologies, Inc. Term Loan B, 4.098%, 3M LIBOR + 4.000%, 03/06/26		1,084,019		1,087,407
TTM Technologies, Inc. Term Loan, 2.586%, 1M LIBOR + 2.500%, 09/28/24		139,110		139,486
				1,400,893
Engineering & Construction—0.8%
Aegion Corp. Term Loan, 5.500%, 3M LIBOR + 4.750%, 05/17/28		475,000		480,196
Artera Services, LLC Incremental Term Loan, 4.500%, 1M LIBOR, 03/06/25		1,097,250		1,094,049
Brand Energy & Infrastructure Services, Inc. Term Loan, 5.250%, 3M LIBOR + 4.250%, 06/21/24		1,213,414		1,205,388
Brown Group Holding LLC Term Loan B, 3.250%, 3M LIBOR + 2.750%, 06/07/28		1,097,899		1,098,432
Centuri Group, Inc. Term Loan B, 3.000%, 3M LIBOR + 2.500%, 08/27/28		925,000		925,386
Osmose Utilities Services, Inc. Term Loan, 3.750%, 1M LIBOR + 3.250%, 06/23/28		725,000		723,187
Rockwood Service Corp. Term Loan, 4.084%, 1M LIBOR + 4.000%, 01/23/27		408,000		409,614
USIC Holdings, Inc. Term Loan, 4.250%, 1M LIBOR + 3.500%, 05/12/28		169,857		169,910
				6,106,162
Entertainment—2.2%
Alchemy Copyrights LLC Term Loan B, 3.500%, 1M LIBOR + 3.000%, 03/10/28		470,259		471,434
AMC Entertainment Holdings, Inc. Term Loan B, 3.083%, 04/22/26		1,584,375		1,475,025
Aristocrat Technologies, Inc. 1st Lien Term Loan, 1.884%, 3M LIBOR + 1.750%, 10/19/24		938,307		933,469
Crown Finance U.S., Inc. Term Loan, 3.500%, 6M LIBOR + 2.500%, 02/28/25		1,568,014		1,296,226
Incremental Term Loan, 3.750%, 3M LIBOR + 2.750%, 09/30/26		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 + 8.250%, 05/23/24		325,392		350,609
Delta 2 (LUX) S.a.r.l. Term Loan, 3.500%, 1M LIBOR + 2.500%, 02/01/24		2,593,230		2,590,798
Great Canadian Gaming Corp. Term Loan, 4.750%, 11/01/26		575,000		577,037
Live Nation Entertainment, Inc. Term Loan B4, 1.875%, 1M LIBOR + 1.750%, 10/17/26		1,422,930		1,393,137
SeaWorld Parks & Entertainment, Inc. Term Loan B, 3.500%, 1M LIBOR + 3.000%, 08/25/28		1,000,000		998,500
SMG U.S. Midco 2, Inc. Term Loan, 2.616%, 3M LIBOR + 2.500%, 01/23/25		217,194		213,936
Stars Group Holdings B.V. (The) Incremental Term Loan, 2.382%, 3M LIBOR + 2.250%, 07/21/26		2,425,000		2,419,949
Twin River Worldwide Holdings, Inc. Term Loan B, 08/06/28 (b)		1,275,000		1,276,295
UFC Holdings LLC Term Loan B, 3.500%, 6M LIBOR + 2.750%, 04/29/26		2,100,102		2,098,227
				17,644,169
Environmental Control—1.3%
Clean Harbors, Inc. Term Loan B, 09/21/28 (b)		525,000		526,149
EnergySolutions LLC Term Loan B, 4.750%, 3M LIBOR + 3.750%, 05/09/25		1,034,358		1,034,358
EWT Holdings III Corp. Term Loan, 2.625%, 1M LIBOR + 2.500%, 04/01/28		972,563		968,915
Filtration Group Corp. 1st Lien Term Loan, 3.084%, 1M LIBOR + 3.000%, 03/29/25		1,414,891		1,408,701
Incremental Term Loan, 4.500%, 1M LIBOR + 3.750%, 03/29/25		321,750		322,784
GFL Environmental, Inc. Term Loan, 3.500%, 3M LIBOR + 3.000%, 05/30/25		1,342,892		1,347,298
Harsco Corp. Term Loan, 2.750%, 1M LIBOR + 2.250%, 03/05/28		399,000		398,501
Madison IAQ LLC Term Loan, 3.750%, 6M LIBOR + 3.250%, 06/21/28		1,845,375		1,844,943
Northstar Group Services, Inc. Term Loan B, 6.500%, 1M LIBOR + 5.500%, 11/12/26		1,402,969		1,409,984
Robertshaw U.S. Holding Corp. 1st Lien Term Loan, 4.500%, 1M LIBOR + 3.500%, 02/28/25		1,065,146		1,033,857
U.S. Ecology Holdings, Inc. Term Loan B, 2.584%, 1M LIBOR + 2.500%, 11/01/26		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 Term Loan B, 2.834%, 1M LIBOR + 2.750%, 03/31/25		435,375	$	433,742
Froneri International, Ltd. Term Loan, 2.334%, 1M LIBOR + 2.250%, 01/29/27		1,851,563		1,832,034
H Food Holdings LLC Term Loan B, 3.772%, 1M LIBOR + 3.687%, 05/23/25		653,063		652,013
Incremental Term Loan, 4.084%, 1M LIBOR + 4.000%, 05/23/25		389,000		389,851
JBS USA Lux S.A. Term Loan B, 2.084%, 1M LIBOR + 2.000%, 05/01/26		5,786,674		5,769,794
Monogram Food Solutions LLC Term Loan B, 4.500%, 1M LIBOR + 4.000%, 08/28/28		600,000		601,500
Nomad Foods Europe Midco, Ltd. Term Loan B4, 2.375%, 3M LIBOR + 2.250%, 05/15/24		1,697,333		1,692,180
Shearer’s Foods, Inc. Term Loan, 4.250%, 3M LIBOR + 3.500%, 09/23/27		371,257		371,309
Simply Good Foods USA, Inc. Term Loan B, 4.750%, 1M LIBOR + 3.750%, 07/07/24		243,745		244,833
Sovos Brands Intermediate, Inc. Term Loan, 4.500%, 3M LIBOR + 4.250%, 06/08/28		583,095		584,553
U.S. Foods, Inc. Term Loan B, 1.834%, 1M LIBOR + 1.750%, 06/27/23		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 Term Loan B, 3.084%, 1M LIBOR + 3.000%, 01/20/28		148,875		148,898
				14,786,618
Food Service—0.2%
Aramark Services, Inc. Term Loan B3, 1.834%, 1M LIBOR + 1.750%, 03/11/25		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. 1st Lien Term Loan, 4.500%, 1M LIBOR + 3.500%, 07/26/24		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. 1st Lien Term Loan, 3.584%, 1M LIBOR + 3.500%, 03/06/25		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 + 3.500%, 12/23/27		450,000		449,919
BW NHHC Holdco, Inc. 1st Lien Term Loan, 5.125%, 3M LIBOR + 5.000%, 05/15/25		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. 1st Lien Term Loan, 3.834%, 1M LIBOR + 3.750%, 10/10/25		4,133,125		3,688,814
eResearchTechnology, Inc. 1st Lien Term Loan, 5.500%, 1M LIBOR + 4.500%, 02/04/27		298,489		300,354
Gentiva Health Services, Inc. Term Loan, 2.875%, 1M LIBOR + 2.750%, 07/02/25		1,673,620		1,675,014
GHX Ultimate Parent Corp. 1st Lien Term Loan, 4.250%, 3M LIBOR + 3.250%, 06/28/24		1,055,165		1,056,484
Icon Luxembourg Sarl Term Loan, 3.000%, 3M LIBOR + 2.500%, 07/03/28		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. Term Loan, 3.334%, 1M LIBOR + 3.250%, 04/21/27		296,269		290,528
Lonza Group AG Term Loan B, 4.750%, 3M LIBOR + 4.000%, 07/03/28		1,296,750		1,301,411
MDVIP, Inc. Term Loan, 09/29/28 (b)		325,000		325,508
Medical Solutions LLC Term Loan, 5.500%, 1M LIBOR + 4.500%, 06/14/24		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. 1st Lien Term Loan B, 4.334%, 1M LIBOR + 4.250%, 07/09/25		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 1st Lien Term Loan, 2.834%, 1M LIBOR + 2.750%, 06/27/25		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. Term Loan B, 4.084%, 1M LIBOR + 4.000%, 04/06/26		539,366		541,389
Home Builders—0.1%
Thor Industries, Inc. USD Term Loan, 3.125%, 1M LIBOR + 3.000%, 02/01/26		927,840		930,449
Home Furnishings—0.3%
AI Aqua Merger Sub, Inc. 1st Lien Term Loan B, 07/31/28 (b)		666,667		669,333
1st Lien Term Loan, 07/31/28 (b)		83,333		83,667
Mattress Firm, Inc. Term Loan B, 5.000%, 3M LIBOR + 4.250%, 09/25/28		1,375,000		1,374,571
				2,127,571
Household Products/Wares—0.1%
Kronos Acquisition Holdings, Inc. Term Loan B, 3.834%, 1M LIBOR + 3.750%, 12/22/26		1,166,188		1,141,114
Housewares—0.1%
CFS Brands, LLC 1st Lien Term Loan, 4.000%, 6M LIBOR + 3.000%, 03/20/25		241,224		235,193
Libbey Glass, Inc. Exit Term Loan, 11.000%, 3M LIBOR + 10.000%, 11/13/25		292,524		304,226
				539,419
Insurance—3.4%
Alliant Holdings Intermediate, LLC 3.334%, 1M LIBOR + 3.250%, 05/09/25		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 + 5.250%, 01/31/28		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. Term Loan B, 3.334%, 1M LIBOR + 3.250%, 12/31/25		1,069,750		1,062,479
USI, Inc. Term Loan, 3.132%, 3M LIBOR + 3.000%, 05/16/24		2,592,000		2,578,115
Incremental Term Loan B, 3.382%, 3M LIBOR + 3.250%, 12/02/26		1,203,577		1,197,710
				27,414,711
Internet—3.0%
Barracuda Networks, Inc. 1st Lien Term Loan, 4.500%, 3M LIBOR + 3.750%, 02/12/25		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. Term Loan, 4.500%, 3M LIBOR + 3.750%, 11/08/27		646,750		647,963
Endure Digital, Inc. Term Loan, 4.250%, 6M LIBOR + 3.500%, 02/10/28		2,842,875		2,830,438
Getty Images, Inc. Term Loan B, 4.625%, 1M LIBOR + 4.500%, 02/19/26		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 1st Lien Term Loan, 4.500%, 1M LIBOR + 3.500%, 06/30/24		933,425		930,800
Imperva, Inc. 1st Lien Term Loan, 5.000%, 3M LIBOR + 4.000%, 01/12/26		544,430		546,180
Magnite, Inc. Term Loan, 5.750%, 3M LIBOR + 5.000%, 04/28/28		673,313		674,154
Match Group, Inc. Term Loan B, 1.874%, 3M LIBOR + 1.750%, 02/13/27		675,000		672,750
Proofpoint, Inc. 1st Lien Term Loan, 3.750%, 3M LIBOR + 3.250%, 08/31/28		2,650,000		2,638,223
ProQuest LLC Term Loan, 3.334%, 1M LIBOR + 3.250%, 10/23/26		1,594,712		1,595,355
Uber Technologies, Inc. 1st Lien Term Loan B, 3.584%, 1M LIBOR + 3.500%, 04/04/25		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 Term Loan B, 4.500%, 1M LIBOR + 3.750%, 02/22/25		241,250	$	241,250
FinCo I LLC Term Loan B, 2.584%, 1M LIBOR + 2.500%, 06/27/25		1,467,949		1,464,542
				1,705,792
Iron/Steel—0.2%
Phoenix Services International LLC Term Loan, 4.750%, 1M LIBOR + 3.750%, 03/01/25		1,303,959		1,295,809
TMS International Corp. Term Loan B3, 3.750%, 3M LIBOR + 2.750%, 08/14/24		223,875		224,155
				1,519,964
Leisure Time—1.5%
Bombardier Recreational Products, Inc. Term Loan, 2.084%, 1M LIBOR + 2.000%, 05/24/27		4,625,819		4,594,017
Carnival Corp. Term Loan B, 3.750%, 06/30/25		1,632,360		1,628,279
City Football Group, Ltd. Term Loan, 4.000%, 3M LIBOR + 3.500%, 07/21/28		1,450,000		1,448,187
ClubCorp Holdings, Inc. Term Loan B, 2.882%, 3M LIBOR + 2.750%, 09/18/24		1,632,000		1,538,160
Hayward Industries, Inc. Term Loan, 3.000%, 1M LIBOR + 2.500%, 05/12/28		798,000		797,074
MajorDrive Holdings LLC Term Loan B, 4.500%, 3M LIBOR + 4.000%, 05/12/28		623,438		625,483
SRAM, LLC Term Loan B, 3.250%, 6M LIBOR + 2.750%, 05/12/28		286,364		286,483
Travel Leaders Group LLC Term Loan B, 4.084%, 1M LIBOR + 4.000%, 01/25/24		1,243,486		1,166,545
				12,084,228
Lodging—1.1%
Four Seasons Hotels, Ltd. 1st Lien Term Loan, 2.087%, 1M LIBOR + 2.000%, 11/30/23		857,250		856,000
Golden Nugget, Inc. Term Loan B, 3.250%, 2M LIBOR + 2.500%, 10/04/23		3,965,620		3,950,749
Hilton Grand Vacations Borrower LLC Term Loan B, 3.500%, 1M LIBOR + 3.000%, 08/02/28		950,000		953,325
Playa Resorts Holding B.V. Term Loan B, 3.750%, 1M LIBOR + 2.750%, 04/29/24		1,940,212		1,902,722
Wyndham Hotels & Resorts, Inc. Term Loan B, 1.835%, 1M LIBOR + 1.750%, 05/30/25		1,164,000		1,156,649
				8,819,445
Machinery-Construction & Mining—0.5%
Brookfield WEC Holdings, Inc. Term Loan, 3.250%, 1M LIBOR + 2.750%, 08/01/25		3,992,740		3,969,603
Machinery-Diversified—1.5%
Altra Industrial Motion Corp. Term Loan B, 2.084%, 1M LIBOR + 2.000%, 10/01/25		475,373		475,076
Clark Equipment Co. Term Loan B, 1.967%, 3M LIBOR + 1.835%, 05/18/24		1,000,843		993,605
Machinery-Diversified—(Continued)
CPM Holdings, Inc. 1st Lien Term Loan, 3.586%, 1M LIBOR + 3.500%, 11/17/25		1,780,266		1,773,590
DXP Enterprises, Inc. Term Loan, 5.750%, 1M LIBOR + 4.750%, 12/16/27		545,875		546,387
Engineered Machinery Holdings, Inc. USD Incremental Term Loan, 4.500%, 3M LIBOR + 3.750%, 05/19/28		1,402,000		1,402,585
Gardner Denver, Inc. Term Loan B2, 1.834%, 1M LIBOR + 1.750%, 03/01/27		1,092,300		1,079,585
GrafTech Finance, Inc. Term Loan B, 3.500%, 1M LIBOR + 3.000%, 02/12/25		800,774		802,847
Granite Holdings U.S. Acquisition Co. Term Loan B, 4.132%, 3M LIBOR + 4.000%, 09/30/26		992,487		992,953
Rexnord LLC Term Loan B, 09/15/28 (c)		375,000		375,656
Titan Acquisition, Ltd. Term Loan B, 3.167%, 3M LIBOR + 3.000%, 03/28/25		2,677,868		2,636,026
Welbilt, Inc. Term Loan B, 2.584%, 1M LIBOR + 2.500%, 10/23/25		794,103		793,358
				11,871,668
Media—5.4%
Adevinta ASA Term Loan B, 3.750%, 3M LIBOR + 3.000%, 06/26/28		274,313		274,913
Charter Communications Operating LLC Term Loan B2, 1.840%, 1M LIBOR + 1.750%, 02/01/27		1,849,866		1,840,197
CSC Holdings LLC Term Loan B1, 2.334%, 1M LIBOR + 2.250%, 07/17/25		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. Term Loan B, 4.750%, 1M LIBOR + 3.750%, 03/31/26		322,312		322,485
Diamond Sports Group, LLC Term Loan, 3.340%, 1M LIBOR + 3.250%, 08/24/26†		2,621,500		1,646,084
Entercom Media Corp. Term Loan, 2.585%, 1M LIBOR + 2.500%, 11/18/24		975,248		963,261
Entravision Communications Corp. Term Loan B, 2.834%, 1M LIBOR + 2.750%, 11/29/24		727,750		721,079
GEE Holdings 2 LLC Exit Term Loan, 9.000%, 3M LIBOR + 8.000%, 03/24/25		158,328		158,723
Global Eagle Entertainment, Inc. 2nd Lien Takeback Term Loan, 6.750%, 3M LIBOR + 6.750%, 03/23/26		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 + 3.250%, 05/01/26		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 + 3.000%, 01/31/29		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 + 4.750%, 07/22/25		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. 1st Lien Term Loan, 6.000%, 6M LIBOR + 5.000%, 09/30/23		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. 1st Lien Term Loan, 4.500%, 12M LIBOR + 3.500%, 03/31/25		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. 1st Lien Term Loan, 4.500%, 3M LIBOR + 3.500%, 12/02/24		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. 1st Lien Term Loan, 3.584%, 1M LIBOR + 3.500%, 09/06/25		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. 2nd Lien Term Loan, 9.000%, 3M LIBOR + 8.000%, 08/27/26		360,142		362,393
Sunrise Oil & Gas Properties LLC
First Out Term Loan, 8.000%, 1M LIBOR + 7.000%, 01/17/23		79,843		78,645
Last Out Term Loan, 8.000%, 1M LIBOR + 7.000%, 01/17/23		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. 1st Lien Term Loan, 2.625%, 1M LIBOR + 2.500%, 05/09/25		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 1st Lien Term Loan B, 4.250%, 3M LIBOR + 3.750%, 03/11/28		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 + 3.000%, 06/29/25		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. 1st Lien Term Loan, 4.084%, 1M LIBOR + 4.000%, 07/31/26		564,938		565,820
Pretium PKG Holdings, Inc. 1st Lien Term Loan, 10/02/28 (b)		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 + 4.000%, 09/15/28		744,410		746,071
				17,534,485
Pharmaceuticals—4.5%
Akorn, Inc.
Take Back Term Loan, 8.500%, 3M LIBOR + 7.500%, 10/01/25		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. 1st Lien Term Loan B, 2.584%, 1M LIBOR + 2.500%, 08/27/25		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. 1st Lien Term Loan, 2.083%, 1M LIBOR + 2.000%, 02/03/24		1,008,772	$	1,010,454
David’s Bridal, Inc.
Priority Term Loan, 6.000%, 3M LIBOR + 5.000%, 06/23/23 (e) (f)		236,205		235,568
New Money Term Loan, 7.000%, 3M LIBOR + 6.000%, 06/30/23 (e) (f)		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. 1st Lien Term Loan, 5.500%, 3M LIBOR + 3.250%, 09/19/24		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 + 3.750%, 07/12/24		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. 1st Lien Term Loan B, 4.395%, 3M LIBOR + 4.250%, 09/05/25		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 1st Lien Term Loan, 3.882%, 3M LIBOR + 3.750%, 08/29/25		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. 1st Lien Term Loan, 3.834%, 1M LIBOR + 3.750%, 11/29/24		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. 1st Lien Term Loan, 4.500%, 6M LIBOR + 3.500%, 06/13/24		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 + 4.000%, 12/01/27		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 + 4.000%, 12/01/27		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. 1st Lien Term Loan, 4.500%, 3M LIBOR + 3.750%, 01/28/28		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. 1st Lien Term Loan, 3.750%, 1M LIBOR + 3.250%, 04/24/28		2,700,000		2,694,171
Renaissance Holding Corp. 1st Lien Term Loan, 3.334%, 1M LIBOR + 3.250%, 05/30/25		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. 1st Lien Term Loan, 4.500%, 3M LIBOR + 3.750%, 10/07/27		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 + 3.250%, 05/04/26		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. Term Loan B, 3.430%, 6M LIBOR + 3.250%, 05/28/24		1,464,014		1,416,890
Intelsat Jackson Holdings S.A. DIP Term Loan, 5.750%, 3M LIBOR + 4.750%, 10/13/22 (d)		650,000		653,250
Term Loan B4, 8.750%, PRIME + 5.500%, 01/02/24†		1,600,000		1,632,000
IPC Corp. Term Loan B, 8.750%, PRIME + 5.250%, 08/06/21 (e)		880,630		874,025
Level 3 Financing, Inc. Term Loan B, 1.834%, 1M LIBOR + 1.750%, 03/01/27		1,720,372		1,701,785
LogMeIn, Inc. Term Loan B, 4.833%, 1M LIBOR + 4.750%, 08/31/27		1,761,688		1,762,926
Numericable Group S.A. Term Loan B11, 2.879%, 3M LIBOR + 2.750%, 07/31/25		1,723,500		1,700,340
Onvoy LLC 1st Lien Term Loan B, 5.500%, 3M LIBOR + 4.500%, 02/10/24		796,308		796,764
Plantronics, Inc. Term Loan B, 2.585%, 1M LIBOR + 2.500%, 07/02/25		1,499,356		1,466,558
SBA Senior Finance II LLC Term Loan B, 1.840%, 1M LIBOR + 1.750%, 04/11/25		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. Term Loan, 3.084%, 1M LIBOR + 3.000%, 03/09/27		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. Term Loan B1, 4.500%, 1M LIBOR + 3.750%, 03/24/26		2,308,134	$	2,310,299
N-Able International Holdings II LLC Term Loan B, 3.500%, 3M LIBOR + 3.000%, 07/19/28		450,000		450,844
XPO Logistics, Inc. Term Loan B, 1.833%, 1M LIBOR + 1.750%, 02/24/25		575,000		572,811
				3,333,954
Total Floating Rate Loans (Cost $755,366,122)				751,375,940
Corporate Bonds & Notes—3.6%
Aerospace/Defense—0.4%
TransDigm, Inc. 6.250%, 03/15/26 (144A)		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. 6.750%, 05/15/25 (144A)		225,000		237,375
Clarios Global L.P. / Clarios U.S. Finance Co. 6.250%, 05/15/26 (144A)		1,215,000		1,276,540
				1,513,915
Commercial Services—0.3%
Allied Universal Holdco LLC / Allied Universal Finance Corp. 6.625%, 07/15/26 (144A)		725,000		766,528
Garda World Security Corp. 4.625%, 02/15/27 (144A)		850,000		850,000
Prime Security Services Borrower LLC / Prime Finance, Inc. 5.250%, 04/15/24 (144A)		625,000		666,594
Sabre GLBL, Inc. 9.250%, 04/15/25 (144A)		300,000		346,737
				2,629,859
Distribution/Wholesale—0.0%
American Builders & Contractors Supply Co., Inc. 4.000%, 01/15/28 (144A)		275,000		280,844
Diversified Financial Services—0.1%
AG Issuer LLC 6.250%, 03/01/28 (144A)		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. 8.750%, 05/01/25 (144A)		250,000		268,474
Six Flags Theme Parks, Inc. 7.000%, 07/01/25 (144A)		250,000		266,250
				534,724
Environmental Control—0.1%
GFL Environmental, Inc. 4.250%, 06/01/25 (144A)		625,000		644,531
Food—0.1%
Del Monte Foods, Inc. 11.875%, 05/15/25 (144A)		975,000		1,099,312
Machinery-Diversified—0.1%
Clark Equipment Co. 5.875%, 06/01/25 (144A)		125,000		130,781
TK Elevator U.S. Newco, Inc. 5.250%, 07/15/27 (144A)		500,000		523,988
				654,769
Media—0.4%
Diamond Sports Group LLC / Diamond Sports Finance Co. 5.375%, 08/15/26 (144A)		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 4.500%, 08/15/30 (144A)		800,000		813,000
Ziggo B.V. 5.500%, 01/15/27 (144A)		1,597,000		1,650,899
				3,607,012
Oil & Gas—0.2%
CITGO Petroleum Corp. 7.000%, 06/15/25 (144A)		1,275,000		1,303,687
Pharmaceuticals—0.2%
Endo Luxembourg Finance Co. I S.a.r.l. 6.125%, 04/01/29 (144A)		1,750,000		1,750,000
Real Estate—0.1%
Cushman and Wakefield U.S. Borrower LLC 6.750%, 05/15/28 (144A)		375,000		406,875
Software—0.1%
Boxer Parent Co., Inc. 7.125%, 10/02/25 (144A)		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 Amount*		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. 6.000%, 03/01/26 (144A)		2,000,000		2,076,660
Lumen Technologies, Inc. 4.000%, 02/15/27 (144A)		1,500,000		1,532,700
				4,320,576
Total Corporate Bonds & Notes (Cost $28,166,543)				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 (Cost $5,680,676)				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 (Cost $240,265)				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 (Cost $0)				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. Repurchase Agreement dated 09/30/21 at 0.000%, due on 10/01/21 with a maturity value of $32,136,937; collateralized by U.S. Treasury Note at 1.250%, maturing 06/30/28, with a market value of $32,779,757.		32,136,937	$	32,136,937
Total Short-Term Investments (Cost $32,136,937)				32,136,937
Total Investments—101.5% (Cost $821,590,543)				817,793,094
Unfunded Loan Commitments—(0.1)% (Cost $(1,023,674))				(1,023,674	)
Net Investments—101.4% (Cost $820,566,869)				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 4.500%, 09/01/24		123,785	$	129,733
4.500%, 03/01/25		339,400		357,729
Fannie Mae ARM Pool 1.260%, 6M LIBOR + 1.068%, 11/01/33 (a)		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 2.231%, 6M LIBOR + 2.106%, 09/01/33 (a)		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) 2.686%, 1M LIBOR + 2.600%, 05/25/24 (a)		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) 3.500%, 03/15/43		95,356		96,688
Freddie Mac Structured Agency Credit Risk Debt Notes (CMO) 1.436%, 1M LIBOR + 1.350%, 03/25/29 (a)		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) 5.634%, 1M LIBOR + 5.550%, 07/25/28 (a)		5,007,619	$	5,252,027
Uniform Mortgage-Backed Securities 15 Yr. Pool 2.000%, TBA (b)		21,631,000		22,277,395
				68,939,061
U.S. Treasury—36.6%
U.S. Treasury Notes 1.375%, 06/30/23		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 (Cost $449,467,737)				440,605,467
Corporate Bonds & Notes—24.7%
Aerospace/Defense—0.7%
Boeing Co. (The) 2.196%, 02/04/26 (c)		2,600,000		2,619,167
General Dynamics Corp. 3.250%, 04/01/25		3,300,000		3,542,014
TransDigm, Inc. 6.250%, 03/15/26 (144A)		900,000		938,250
				7,099,431
Agriculture—0.3%
Altria Group, Inc. 2.350%, 05/06/25		2,200,000		2,281,054
Imperial Brands Finance plc 3.125%, 07/26/24 (144A)		300,000		315,656
				2,596,710
Airlines—0.8%
American Airlines, Inc./AAdvantage Loyalty IP, Ltd 5.500%, 04/20/26 (144A)		1,500,000		1,576,875
Delta Air Lines, Inc. / SkyMiles IP, Ltd. 4.500%, 10/20/25 (144A)		4,700,000		5,029,000
Hawaiian Brand Intellectual Property Ltd. / HawaiianMiles Loyalty, Ltd. 5.750%, 01/20/26 (144A) (c)		800,000		837,000
Airlines—(Continued)
United Airlines Pass-Through Trust 4.875%, 01/15/26		186,850		197,863
United Airlines, Inc. 4.375%, 04/15/26 (144A)		100,000		102,625
				7,743,363
Banks—5.6%
Akbank T.A.S. 5.125%, 03/31/25 (144A) (c)		700,000		699,860
Bank of America Corp. 3.004%, 3M LIBOR + 0.790%, 12/20/23 (a)		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. 2.219%, SOFR + 2.074%, 06/09/26 (144A) (a)		700,000		718,466
BPCE S.A. 2.375%, 01/14/25 (144A)		3,000,000		3,097,560
Citigroup, Inc. 4.600%, 03/09/26		4,000,000		4,517,724
Credit Suisse Group AG 4.550%, 04/17/26		4,000,000		4,493,302
Dexia Credit Local S.A. 2.375%, 09/20/22 (144A) (c)		2,000,000		2,040,558
Goldman Sachs Group, Inc. (The) 3.750%, 02/25/26 (c)		2,000,000		2,194,670
4.250%, 10/21/25		3,000,000		3,322,290
HSBC Holdings plc 1.645%, SOFR + 1.538%, 04/18/26 (a) (c)		1,500,000		1,508,046
2.013%, SOFR + 1.732%, 09/22/28 (a)		2,300,000		2,299,436
JPMorgan Chase & Co. 2.083%, SOFR + 1.850%, 04/22/26 (a)		5,400,000		5,554,232
3.875%, 09/10/24		2,500,000		2,718,200
Morgan Stanley 2.188%, SOFR + 1.990%, 04/28/26 (a)		2,900,000		2,994,261
4.350%, 09/08/26		2,200,000		2,483,161
Shinhan Bank Co., Ltd. 1.375%, 10/21/26 (144A)		2,500,000		2,492,912
Societe Generale S.A. 1.792%, 1Y H15 + 1.000%, 06/09/27 (144A) (a)		1,500,000		1,491,860
UniCredit S.p.A. 1.982%, 1Y H15 + 1.200%, 06/03/27 (144A) (a)		1,300,000		1,296,706
Wells Fargo & Co. 2.188%, SOFR + 2.000%, 04/30/26 (a)		2,500,000		2,580,338
4.100%, 06/03/26		3,000,000		3,341,224
Woori Bank 4.750%, 04/30/24 (144A)		1,200,000		1,306,879
				57,229,603
Beverages—0.5%
Anheuser-Busch Cos. LLC / Anheuser-Busch InBev Worldwide, Inc. 3.650%, 02/01/26		1,400,000		1,535,550
Anheuser-Busch InBev Worldwide, Inc. 3.500%, 06/01/30 (c)		1,800,000		1,971,456
Coca-Cola Europacific Partners plc 1.500%, 01/15/27 (144A) (c)		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 1.750%, 09/02/27 (c)		700,000	$	696,973
Chemicals—0.6%
Braskem Netherlands Finance B.V. 4.500%, 01/31/30 (144A) (c)		2,300,000		2,447,200
Methanex Corp. 4.250%, 12/01/24 (c)		900,000		949,500
Sasol Financing USA LLC 6.500%, 09/27/28 (c)		2,300,000		2,538,050
				5,934,750
Commercial Services—0.1%
APCOA Parking Holdings GmbH 4.625%, 01/15/27 (144A) (EUR)		400,000		468,561
Cosmetics/Personal Care—0.4%
Avon Products, Inc. 6.500%, 03/15/23 (c)		1,900,000		2,010,219
Oriflame Investment Holding plc 5.125%, 05/04/26 (144A) (c)		700,000		716,660
Procter & Gamble Co. (The) 1.700%, 11/03/21 (c)		1,500,000		1,501,845
				4,228,724
Diversified Financial Services—0.6%
Capital One Financial Corp. 3.050%, 03/09/22 (c)		5,400,000		5,452,815
OneMain Finance Corp. 6.125%, 03/15/24		600,000		641,100
				6,093,915
Electric—2.2%
Berkshire Hathaway Energy Co. 4.050%, 04/15/25		1,700,000		1,869,343
Comision Federal de Electricidad 4.750%, 02/23/27 (144A)		2,300,000		2,576,000
Dominion Energy, Inc. 1.450%, 04/15/26 (c)		2,000,000		2,006,492
EDP Finance B.V. 1.710%, 01/24/28 (144A)		1,900,000		1,867,253
Exelon Corp. 3.400%, 04/15/26		2,000,000		2,166,245
4.050%, 04/15/30		2,400,000		2,719,988
InterGen NV 7.000%, 06/30/23 (144A) (c)		1,500,000		1,477,500
Korea East-West Power Co., Ltd. 1.750%, 05/06/25 (144A)		2,500,000		2,541,600
3.875%, 07/19/23 (144A)		1,300,000		1,374,818
Southern Co. (The) 3.250%, 07/01/26		3,000,000		3,228,203
Talen Energy Supply LLC 10.500%, 01/15/26 (144A) (c)		900,000		495,000
				22,322,442
Electrical Components & Equipment—0.1%
WESCO Distribution, Inc. 7.125%, 06/15/25 (144A)		1,100,000		1,173,843
Electronics—0.2%
Flex, Ltd. 3.750%, 02/01/26 (c)		1,400,000		1,523,491
Entertainment—0.2%
Banijay Entertainment SASU 5.375%, 03/01/25 (144A)		1,200,000		1,237,500
International Game Technology plc 4.125%, 04/15/26 (144A)		900,000		935,433
				2,172,933
Food—0.1%
Cencosud S.A. 4.375%, 07/17/27 (144A)		1,000,000		1,086,250
Healthcare-Services—0.7%
Anthem, Inc. 1.500%, 03/15/26 (c)		3,000,000		3,025,163
Centene Corp. 3.375%, 02/15/30		1,000,000		1,035,300
ModivCare, Inc. 5.875%, 11/15/25 (144A)		800,000		846,000
Quest Diagnostics, Inc. 3.450%, 06/01/26 (c)		2,100,000		2,284,329
				7,190,792
Insurance—0.1%
Radian Group, Inc. 6.625%, 03/15/25		500,000		558,125
Willis North America, Inc. 2.950%, 09/15/29		400,000		418,270
				976,395
Internet—1.6%
Alibaba Group Holding, Ltd. 3.600%, 11/28/24		4,000,000		4,285,483
Amazon.com, Inc. 2.400%, 02/22/23 (c)		1,700,000		1,747,289
Baidu, Inc. 4.375%, 05/14/24		2,300,000		2,486,658
Netflix, Inc. 3.625%, 06/15/25 (144A)		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. 1.810%, 01/26/26 (144A) (c)		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. 5.750%, 03/01/27 (144A)		1,400,000	$	1,447,250
NCL Corp., Ltd. 5.875%, 03/15/26 (144A) (c)		2,000,000		2,050,000
Royal Caribbean Cruises, Ltd. 5.500%, 08/31/26 (144A)		2,085,000		2,143,255
				5,640,505
Lodging—0.3%
Genting New York LLC 3.300%, 02/15/26 (144A) (c)		900,000		892,410
Sands China, Ltd. 2.300%, 03/08/27 (144A) (c)		1,200,000		1,160,436
Studio City Finance, Ltd. 6.000%, 07/15/25 (144A) (c)		1,000,000		990,000
Wynn Macau, Ltd. 5.625%, 08/26/28 (144A)		200,000		190,387
				3,233,233
Machinery-Construction & Mining—0.1%
Manitowoc Co., Inc. (The) 9.000%, 04/01/26 (144A) (c)		700,000		749,749
Media—1.6%
CCO Holdings LLC / CCO Holdings Capital Corp. 4.000%, 03/01/23 (144A) (c)		800,000		803,744
Charter Communications Operating LLC / Charter Communications Operating Capital Corp. 2.800%, 04/01/31		1,100,000		1,102,485
4.908%, 07/23/25		3,000,000		3,373,874
CSC Holdings LLC 5.250%, 06/01/24 (c)		1,200,000		1,285,416
DISH DBS Corp. 5.875%, 07/15/22		700,000		721,437
5.875%, 11/15/24		900,000		967,752
Fox Corp. 3.050%, 04/07/25		1,700,000		1,809,338
Sirius XM Radio, Inc. 3.125%, 09/01/26 (144A) (c)		700,000		709,625
TWDC Enterprises 18 Corp. 3.150%, 09/17/25 (c)		3,000,000		3,242,280
Univision Communications, Inc. 5.125%, 02/15/25 (144A) (c)		900,000		913,140
Walt Disney Co. (The) 1.750%, 01/13/26		1,300,000		1,333,837
				16,262,928
Mining—0.0%
Novelis Corp. 3.250%, 11/15/26 (144A)		300,000		304,254
Miscellaneous Manufacturing—0.0%
Anagram International, Inc. / Anagram Holdings LLC 10.000%, 08/15/26 PIK, (144A) (f)		111,470		109,241
Multi-National—0.1%
Banque Ouest Africaine de Developpement 5.000%, 07/27/27 (144A)		1,300,000		1,455,935
Oil & Gas—2.3%
Apache Corp. 4.625%, 11/15/25 (c)		900,000		967,500
BP Capital Markets America, Inc. 3.410%, 02/11/26 (c)		2,000,000		2,179,876
3.796%, 09/21/25 (c)		3,200,000		3,518,399
Continental Resources, Inc. 4.375%, 01/15/28 (c)		2,500,000		2,765,625
Ecopetrol S.A. 5.375%, 06/26/26		2,300,000		2,499,755
Equinor ASA 1.750%, 01/22/26		1,300,000		1,331,895
2.875%, 04/06/25 (c)		4,700,000		4,990,164
Harvest Operations Corp. 4.200%, 06/01/23 (144A)		800,000		844,909
Mesquite Energy, Inc. 7.750%, 06/15/21		1,200,000		36,000
Occidental Petroleum Corp. 3.450%, 07/15/24		1,000,000		1,022,500
Petroleos Mexicanos 6.875%, 10/16/25 (144A)		350,000		383,250
Valero Energy Corp. 2.850%, 04/15/25 (c)		3,000,000		3,159,487
				23,699,360
Oil & Gas Services—0.0%
Weatherford International, Ltd. 11.000%, 12/01/24 (144A) (c)		199,000		209,571
Packaging & Containers—0.4%
BWAY Holding Co. 7.250%, 04/15/25 (144A) (c)		2,000,000		1,987,810
OI European Group B.V. 4.000%, 03/15/23 (144A) (c)		1,000,000		1,020,000
Owens-Brockway Glass Container, Inc. 5.375%, 01/15/25 (144A) (c)		300,000		320,250
5.875%, 08/15/23 (144A) (c)		700,000		740,250
				4,068,310
Pharmaceuticals—1.4%
AbbVie, Inc. 3.450%, 03/15/22		4,900,000		4,943,768
AstraZeneca plc 0.700%, 04/08/26		200,000		195,802
Bayer U.S. Finance LLC 3.875%, 12/15/23 (144A) (c)		3,000,000		3,192,303
Bristol-Myers Squibb Co. 2.750%, 02/15/23 (c)		1,500,000		1,547,024
Cigna Corp. 1.250%, 03/15/26 (c)		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 5.875%, 03/31/25		2,500,000	$	2,824,076
Energy Transfer L.P. 4.050%, 03/15/25		1,800,000		1,941,717
4.200%, 09/15/23 (c)		1,000,000		1,062,130
EnLink Midstream Partners L.P. 4.400%, 04/01/24		1,400,000		1,455,188
MPLX L.P. 4.875%, 12/01/24		2,500,000		2,769,121
Sabine Pass Liquefaction LLC 5.625%, 03/01/25		1,700,000		1,929,408
5.750%, 05/15/24 (c)		1,000,000		1,113,709
Williams Cos., Inc. (The) 4.000%, 09/15/25		500,000		547,934
				13,643,283
Real Estate—0.0%
Vivion Investments Sarl 3.000%, 08/08/24 (EUR)		200,000		225,508
Real Estate Investment Trusts—0.2%
VICI Properties L.P. / VICI Note Co., Inc. 3.500%, 02/15/25 (144A) (c)		2,200,000		2,244,000
Retail—0.0%
KSouth Africa, Ltd. 3.000%, 12/31/22 PIK, (144A)† (f) (g) (h)		691,292		0
25.000%, 12/31/22 PIK, (144A)† (f) (g) (h)		247,878		0
Party City Holdings, Inc. 5.750%, 6M LIBOR + 5.000%, 07/15/25 (144A) (a) (c)		195,885		183,642
				183,642
Semiconductors—0.3%
SK Hynix, Inc. 1.500%, 01/19/26 (144A)		3,400,000		3,356,072
Software—0.1%
Fiserv, Inc. 2.250%, 06/01/27 (c)		1,000,000		1,031,449
Telecommunications—1.0%
AT&T, Inc. 2.300%, 06/01/27		400,000		413,991
4.125%, 02/17/26 (c)		3,000,000		3,348,029
CommScope Technologies LLC 6.000%, 06/15/25 (144A)		900,000		911,250
Sprint Spectrum Co. LLC / Sprint Spectrum Co. II LLC / Sprint Spectrum Co. III LLC 4.738%, 03/20/25 (144A)		262,500		280,350
T-Mobile USA, Inc. 2.250%, 02/15/26 (c)		1,000,000		1,011,250
Verizon Communications, Inc. 1.450%, 03/20/26		4,300,000		4,338,743
				10,303,613
Trucking & Leasing—0.1%
DAE Funding LLC 1.550%, 08/01/24 (144A)		600,000		594,516
Total Corporate Bonds & Notes (Cost $244,296,602)				250,591,776
Asset-Backed Securities—13.5%
Asset-Backed - Credit Card—0.2%
Capital One Multi-Asset Execution Trust 2.290%, 07/15/25		1,970,000		2,009,430
Asset-Backed - Home Equity—0.0%
RAAC Trust 0.786%, 1M LIBOR + 0.700%, 03/25/34 (a)		104,541		106,140
Asset-Backed - Other—13.3%
Adagio CLO VIII DAC 1.650%, 3M EURIBOR + 1.650%, 04/15/32 (144A) (EUR) (a)		400,000		463,421
American Homes 4 Rent Trust 3.467%, 04/17/52 (144A)		2,231,351		2,354,915
Apidos CLO XXXV 1.249%, 3M LIBOR + 1.050%, 04/20/34 (144A) (a)		6,910,000		6,916,025
Ares Euro CLO B.V. 0.920%, 3M EURIBOR + 0.920%, 04/17/32 (144A) (EUR) (a)		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 1.700%, 3M EURIBOR + 1.700%, 07/15/33 (144A) (EUR) (a)		500,000		579,068
Atrium XIII 1.938%, 3M LIBOR + 1.800%, 11/21/30 (144A) (a)		1,000,000		998,990
Bain Capital Credit CLO 1.098%, 3M LIBOR + 0.960%, 04/23/31 (144A) (a)		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 2.284%, 3M LIBOR + 2.150%, 10/20/30 (144A) (a)		1,600,000		1,594,882
Blackrock European CLO IX DAC 0.900%, 3M EURIBOR + 0.900%, 12/15/32 (144A) (EUR) (a)		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. 1.235%, 3M LIBOR + 1.110%, 08/15/31 (144A) (a)		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 1.550%, 3M EURIBOR + 1.550%, 01/15/33 (144A) (EUR) (a)		1,400,000		1,611,188
BlueMountain Fuji U.S. CLO, Ltd. 1.826%, 3M LIBOR + 1.700%, 01/15/30 (144A) (a)		2,000,000		1,971,770
Carlyle Global Market Strategies CLO, Ltd. 2.734%, 3M LIBOR + 2.600%, 04/17/31 (144A) (a)		292,000		272,805
Carlyle GMS Finance MM CLO LLC 2.326%, 3M LIBOR + 2.200%, 10/15/31 (144A) (a)		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. 1.331%, 3M LIBOR + 1.140%, 04/15/34 (144A) (a)		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. 3.329%, 3M LIBOR + 3.200%, 07/27/30 (144A) (a)		275,000		271,542
CF Hippolyta LLC 1.690%, 07/15/60 (144A)		1,201,523		1,217,803
Cook Park CLO Ltd. 1.254%, 3M LIBOR + 1.120%, 04/17/30 (144A) (a)		1,500,000		1,500,049
Countrywide Asset-Backed Certificates 0.836%, 1M LIBOR + 0.750%, 03/25/34 (a)		44,914		44,870
Dryden 44 Euro CLO B.V. 0.880%, 3M EURIBOR + 0.880%, 04/15/34 (144A) (EUR) (a)		7,166,000		8,278,697
Dryden 45 Senior Loan Fund 1.526%, 3M LIBOR + 1.400%, 10/15/30 (144A) (a)		3,000,000		2,999,244
FirstKey Homes Trust 1.266%, 10/19/37 (144A)		1,425,932		1,421,460
GoldentTree Loan Management US CLO 1, Ltd. 1.204%, 3M LIBOR + 1.070%, 01/20/33 (144A) (a)		5,631,000		5,632,560
Halcyon Loan Advisors Funding, Ltd. 1.934%, 3M LIBOR + 1.800%, 07/21/31 (144A) (a)		1,500,000		1,500,747
Holland Park CLO DAC 0.920%, 3M EURIBOR + 0.920%, 11/14/32 (144A) (EUR) (a)		9,900,000		11,467,687
Invitation Homes Trust 0.934%, 1M LIBOR + 0.850%, 12/17/36 (144A) (a)		1,739,238		1,739,512
LCM, Ltd. 1.934%, 3M LIBOR + 1.800%, 01/20/31 (144A) (a)		1,000,000		993,508
Long Point Park CLO, Ltd. 1.834%, 3M LIBOR + 1.700%, 01/17/30 (144A) (a)		1,000,000		993,753
Madison Park Euro Funding VIII DAC 0.950%, 3M EURIBOR + 0.950%, 04/15/32 (144A) (EUR) (a)		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. 1.838%, 3M LIBOR + 1.700%, 10/22/30 (144A) (a)		1,000,000		1,005,861
Magnetite XXIX, Ltd. 1.116%, 3M LIBOR + 0.990%, 01/15/34 (144A) (a)		7,806,000		7,806,461
Mill City Mortgage Loan Trust 3.250%, 05/25/62 (144A) (a)		1,491,019		1,519,759
3.500%, 04/25/66 (144A) (a)		2,185,570		2,259,210
Neuberger Berman CLO, Ltd. 1.534%, 3M LIBOR + 1.400%, 10/21/30 (144A) (a)		1,700,000		1,700,223
Octagon Investment Partners, Ltd. 1.234%, 3M LIBOR + 1.100%, 01/20/31 (144A) (a)		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. 1.201%, 3M LIBOR + 1.070%, 02/20/34 (144A) (a)		6,398,000		6,399,894
RR 14, Ltd. 1.246%, 3M LIBOR + 1.120%, 04/15/36 (144A) (a)		8,382,000		8,379,896
Sculptor CLO XXV, Ltd. 1.404%, 3M LIBOR + 1.270%, 01/15/31 (144A) (a)		3,839,000		3,843,714
Asset-Backed - Other—(Continued)
Towd Point Mortgage Trust 2.750%, 10/25/56 (144A) (a)		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. 1.095%, 3M LIBOR + 0.970%, 04/25/31 (144A) (a)		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 (Cost $135,231,165)				137,183,742
Floating Rate Loans (i)—4.7%
Advertising—0.0%
Clear Channel Outdoor Holdings, Inc. Term Loan B, 3.629%, 3M LIBOR + 3.500%, 08/21/26		296,222		290,533
Aerospace/Defense—0.2%
AI Convoy (Luxembourg) S.a.r.l. Term Loan B, 4.500%, 6M LIBOR + 3.500%, 01/17/27		297,686		298,647
AqGen Island Holdings, Inc. Term Loan B, 4.000%, 3M LIBOR + 3.500%, 08/02/28		249,175		248,988
Dynasty Acquisition Co., Inc. Term Loan B1, 3.632%, 3M LIBOR + 3.500%, 04/06/26		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. Term Loan, 5.500%, 3M LIBOR + 4.750%, 04/20/28		168,286		174,140
Air Canada Term Loan B, 4.250%, 3M LIBOR + 3.500%, 08/11/28		2,630,233		2,645,028
Allegiant Travel Co. Term Loan, 3.124%, 3M LIBOR + 3.000%, 02/05/24		624,068		621,792
Kestrel Bidco, Inc. Term Loan B, 4.000%, 3M LIBOR + 3.000%, 12/11/26		1,299,343		1,271,281
SkyMiles IP, Ltd. Term Loan B, 4.750%, 3M LIBOR + 3.750%, 10/20/27		157,270		167,424
United Airlines, Inc. Term Loan B, 4.500%, 3M LIBOR + 3.750%, 04/21/28		248,750		251,022
				5,130,687
Apparel—0.0%
Champ Acquisition Corp. Term Loan, 5.667%, 6M LIBOR + 5.500%, 12/19/25		289,429		291,358
Auto Manufacturers—0.0%
American Trailer World Corp. Term Loan B, 4.500%, 1M LIBOR + 3.750%, 03/03/28		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 Term Loan B, 3.584%, 1M LIBOR + 3.500%, 04/08/28		538,650	$	539,468
Clarios Global L.P. USD Term Loan B, 3.337%, 1M LIBOR + 3.250%, 04/30/26		220,305		219,547
DexKo Global, Inc. Term Loan, 09/22/28 (e)		9,433		9,437
Term Loan B, 09/23/28 (e)		49,523		49,544
Truck Hero, Inc. Term Loan B, 4.000%, 1M LIBOR + 3.250%, 01/31/28		78,127		78,053
				896,049
Beverages—0.0%
City Brewing Co. LLC Closing Date Term Loan, 4.250%, 3M LIBOR + 3.500%, 04/05/28		111,111		110,208
Triton Water Holdings, Inc. Term Loan, 4.000%, 3M LIBOR + 3.500%, 03/31/28		193,563		193,533
				303,741
Chemicals—0.1%
CPC Acquisition Corp. Term Loan, 4.500%, 3M LIBOR + 3.750%, 12/29/27		102,842		102,649
Cyanco Intermediate Corp. Term Loan B, 3.587%, 1M LIBOR + 3.500%, 03/16/25		562,115		560,358
Illuminate Buyer LLC Term Loan, 3.584%, 1M LIBOR + 3.500%, 06/30/27		227,699		227,699
INEOS Styrolution U.S. Holding LLC USD Term Loan B, 3.250%, 1M LIBOR + 2.750%, 01/29/26		123,937		124,138
SCIH Salt Holdings, Inc. Incremental Term Loan B, 4.750%, 3M LIBOR + 4.000%, 03/16/27		246,820		247,456
Sparta U.S. HoldCo LLC Term Loan, 4.250%, 3M LIBOR + 3.500%, 08/02/28		128,976		129,379
				1,391,679
Commercial Services—0.2%
Amentum Government Services Holdings LLC Term Loan B, 5.500%, 3M LIBOR + 4.750%, 01/29/27		99,500		100,464
APX Group, Inc. Term Loan B, 4.000%, 1M LIBOR + 3.500%, 07/10/28		83,039		82,918
Avis Budget Car Rental, LLC Term Loan B, 1.840%, 1M LIBOR + 1.750%, 08/06/27		754,918		740,186
CHG Healthcare Services, Inc. Term Loan, 09/29/28 (e)		58,020		58,020
KUEHG Corp. Incremental Term Loan, 4.750%, 3M LIBOR + 3.750%, 02/21/25		595,385		590,609
MPH Acquisition Holdings LLC Term Loan B, 4.750%, 3M LIBOR + 4.250%, 08/17/28		173,305		171,656
Rent-A-Center, Inc. 1st Lien Term Loan B, 3.374%, 3M LIBOR + 3.250%, 02/17/28		137,642		138,330
Verscend Holding Corp. Term Loan B, 4.084%, 1M LIBOR + 4.000%, 08/27/25		237,793		238,447
				2,120,630
Computers—0.1%
Magenta Buyer LLC USD 1st Lien Term Loan, 5.750%, 3M LIBOR + 5.000%, 07/27/28		461,844		462,537
Peraton Holding Corp. Term Loan B, 4.500%, 1M LIBOR + 3.750%, 02/01/28		331,136		331,846
Perforce Software, Inc. Term Loan B, 3.834%, 1M LIBOR + 3.750%, 07/01/26		822		817
Vision Solutions, Inc. 1st Lien Term Loan, 5.000%, 3M LIBOR + 4.250%, 04/24/28		539,131		538,963
				1,334,163
Cosmetics/Personal Care—0.1%
Conair Holdings LLC Term Loan B, 4.250%, 3M LIBOR + 3.750%, 05/17/28		45,960		46,052
Coty, Inc. Term Loan B, 2.333%, 1M LIBOR + 2.250%, 04/07/25		892,941		879,547
				925,599
Diversified Financial Services—0.2%
Citadel Securities L.P. Term Loan B, 2.584%, 1M LIBOR + 2.500%, 02/02/28		388,050		385,079
Edelman Financial Center LLC Term Loan B, 4.250%, 1M LIBOR + 3.500%, 04/07/28		700,000		699,500
Jane Street Group LLC Term Loan, 2.834%, 1M LIBOR + 2.750%, 01/26/28		188,651		187,020
Russell Investments Group LLC Term Loan, 4.500%, 6M LIBOR + 3.500%, 05/30/25		400,000		401,083
				1,672,682
Electric—0.0%
Astoria Energy LLC Term Loan B, 4.500%, 3M LIBOR + 3.500%, 12/10/27		23,528		23,618
Engineering & Construction—0.1%
USIC Holdings, Inc. Term Loan, 3.584%, 1M LIBOR + 3.500%, 05/12/28		175,982		176,037
Ventia Deco LLC Term Loan B, 5.000%, 3M LIBOR + 4.000%, 05/21/26		349,298		351,335
				527,372
Entertainment—0.2%
Great Canadian Gaming Corp. Term Loan, 11/01/26 (e)		42,034		42,182
Motion Finco Sarl Delayed Draw Term Loan B2, 11/12/26 (e)		124,774		121,098
Term Loan B1, 11/12/26 (e)		875,226		849,438
Twin River Worldwide Holdings, Inc. Term Loan B, 08/06/28 (e)		288,181		288,474
William Morris Endeavor Entertainment LLC 1st Lien Term Loan, 2.840%, 1M LIBOR + 2.750%, 05/18/25		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 Term Loan, 3.750%, 6M LIBOR + 3.250%, 06/21/28		120,910	$	120,882
Healthcare-Services—0.2%
ADMI Corp. Incremental Term Loan B3, 4.000%, 1M LIBOR + 3.500%, 12/23/27		105,578		105,559
Term Loan B2, 3.625%, 1M LIBOR + 3.125%, 12/23/27		81,508		80,897
Aveanna Healthcare, LLC Delayed Draw Term Loan, 07/17/28 (e)		31,416		31,438
Term Loan B, 4.250%, 1M LIBOR + 3.750%, 07/17/28		135,088		135,183
eResearchTechnology, Inc. 1st Lien Term Loan, 5.500%, 1M LIBOR + 4.500%, 02/04/27		276,018		277,743
Global Medical Response, Inc. Term Loan B2, 03/14/25 (e)		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 Term Loan, 3.000%, 3M LIBOR + 2.500%, 07/03/28		109,946		110,449
National Mentor Holdings, Inc. Term Loan C, 4.480%, 3M LIBOR + 4.250%, 03/09/26		1,755		1,757
Parexel International Corp. 1st Lien Term Loan, 08/11/28 (e)		63,742		63,831
Phoenix Guarantor, Inc. Term Loan B, 3.336%, 1M LIBOR + 3.250%, 03/05/26		349,207		347,570
Term Loan B, 3.585%, 1M LIBOR + 3.500%, 03/05/26		199,001		198,541
Pluto Acquisition I, Inc. 1st Lien Term Loan, 4.121%, 3M LIBOR + 4.000%, 06/20/26		122,170		122,132
Radiology Partners, Inc. 1st Lien Term Loan B, 4.333%, 1M LIBOR + 4.250%, 07/09/25		139,115		139,182
U.S. Anesthesia Partners, Inc. Term Loan, 10/01/28 (e)		100,979		101,245
U.S. Renal Care, Inc. Term Loan B, 5.084%, 1M LIBOR + 5.000%, 06/26/26		296,487		296,348
				2,192,962
Home Builders—0.2%
Thor Industries, Inc. USD Term Loan, 3.125%, 1M LIBOR + 3.000%, 02/01/26		1,680,323		1,685,048
Home Furnishings—0.0%
AI Aqua Merger Sub, Inc. 1st Lien Term Loan, 07/31/28 (e)		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. Term Loan, 4.000%, 3M LIBOR + 3.500%, 07/21/28		54,606		54,668
Insurance—0.3%
Acrisure, LLC Term Loan B, 3.882%, 3M LIBOR + 3.750%, 02/15/27		163,043		162,279
Insurance—(Continued)
Alliant Holdings Intermediate, LLC Term Loan B, 3.334%, 1M LIBOR + 3.250%, 05/09/25		482,579		479,645
Term Loan B3, 4.250%, 1M LIBOR + 3.750%, 11/06/27		50,612		50,728
AssuredPartners, Inc. Term Loan B, 3.584%, 1M LIBOR + 3.500%, 02/12/27		699,111		695,567
Term Loan B, 4.000%, 1M LIBOR + 3.500%, 02/12/27		129,692		129,705
Asurion LLC 2nd Lien Term Loan B3, 5.334%, 1M LIBOR + 5.250%, 01/31/28		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. Term Loan B, 3.334%, 1M LIBOR + 3.250%, 12/31/25		228,240		226,688
				2,523,791
Internet—0.0%
Arches Buyer, Inc. Term Loan B, 3.750%, 1M LIBOR + 3.250%, 12/06/27		103,006		102,599
Barracuda Networks, Inc. 1st Lien Term Loan, 4.750%, 3M LIBOR + 3.750%, 02/12/25		103,194		103,645
CNT Holdings I Corp. Term Loan, 4.500%, 3M LIBOR + 3.750%, 11/08/27		32,191		32,251
Hunter Holdco 3 Ltd. Term Loan B, 4.750%, 3M LIBOR + 4.250%, 08/19/28		160,650		161,554
MH Sub I LLC Incremental Term Loan, 4.750%, 1M LIBOR + 3.750%, 09/13/24		48,195		48,372
				448,421
Leisure Time—0.1%
Varsity Brands, Inc. Term Loan B, 4.500%, 1M LIBOR + 3.500%, 12/15/24		877,409		862,133
Lodging—0.2%
Caesars Resort Collection LLC 1st Lien Term Loan B, 2.834%, 1M LIBOR + 2.750%, 12/23/24		471,328		469,094
Term Loan B1, 3.583%, 3M LIBOR + 3.500%, 07/21/25		580,006		581,390
Golden Nugget, Inc. Term Loan B, 3.250%, 2M LIBOR + 2.500%, 10/04/23		79,261		78,963
Hilton Grand Vacations Borrower LLC Term Loan, 3.500%, 1M LIBOR + 3.000%, 08/02/28		494,000		495,729
				1,625,176
Machinery-Diversified—0.0%
Vertical Midco GmbH Term Loan B, 4.404%, 6M LIBOR + 4.250%, 07/30/27		383,902		385,075
Media—0.3%
Banijay Entertainment S.A.S USD Term Loan, 3.833%, 1M LIBOR + 3.750%, 03/01/25		540,067		539,054
Cengage Learning, Inc. Term Loan B, 5.750%, 3M LIBOR + 4.750%, 06/29/26		899,524		906,440
Diamond Sports Group, LLC Term Loan, 3.340%, 1M LIBOR + 3.250%, 08/24/26		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 Term Loan, 5.250%, 1M LIBOR + 4.750%, 07/28/28		306,764	$	308,078
Radiate Holdco LLC Term Loan, 4.250%, 1M LIBOR + 3.500%, 09/25/26		63,693		63,724
Univision Communications, Inc. Term Loan B, 4.000%, 1M LIBOR + 3.250%, 03/15/26		424,940		424,873
WideOpenWest Finance LLC Term Loan B, 4.250%, 1M LIBOR + 3.250%, 08/18/23		107,121		107,211
				2,792,843
Metal Fabricate/Hardware—0.1%
Tiger Acquisition LLC Term Loan, 3.750%, 3M LIBOR + 3.250%, 06/01/28		617,500		616,728
Mining—0.0%
U.S. Silica Co. Term Loan B, 5.000%, 1M LIBOR + 4.000%, 05/01/25		248,056		243,250
Office/Business Equipment—0.1%
Pitney Bowes Inc. Term Loan B, 4.084%, 1M LIBOR + 4.000%, 03/17/28		448,677		450,500
Oil & Gas—0.0%
QuarterNorth Energy Holding, Inc. 2nd Lien Term Loan, 9.000%, 3M LIBOR + 8.000%, 08/27/26		360,484		362,737
Oil & Gas Services—0.1%
Onsite Rental Group Pty, Ltd. Term Loan, 6.100%, 10/26/23 (f) (g) (h)		882,507		668,058
Packaging & Containers—0.1%
BWAY Holding Co. Term Loan B, 3.334%, 1M LIBOR + 3.250%, 04/03/24		551,489		541,106
Charter NEX U.S., Inc. Term Loan, 4.500%, 1M LIBOR + 3.750%, 12/01/27		48,213		48,380
First Brands Corp. Term Loan, 6.000%, 3M LIBOR + 5.000%, 03/30/27		299,128		302,568
Klockner-Pentaplast of America, Inc. Term Loan B, 5.250%, 6M LIBOR + 4.750%, 02/12/26		185,846		186,775
Reynolds Group Holdings, Inc. Term Loan B, 4.000%, 1M LIBOR + 3.500%, 09/20/28		101,097		101,027
				1,179,856
Pharmaceuticals — 0.2%
Bausch Health Companies, Inc. Term Loan B, 3.084%, 1M LIBOR + 3.000%, 06/02/25		133,596		133,580
Gainwell Acquisition Corp. Term Loan B, 4.750%, 3M LIBOR + 4.000%, 10/01/27		250,374		251,313
Jazz Financing Lux S.a.r.l. Term Loan, 4.000%, 1M LIBOR + 3.500%, 05/05/28		104,754		105,016
Organon & Co. USD Term Loan, 3.500%, 3M LIBOR + 3.000%, 06/02/28		230,000		230,844
Pathway Vet Alliance LLC Term Loan, 3.835%, 1M LIBOR + 3.750%, 03/31/27		777,594		776,913
Pharmaceuticals—(Continued)
PRA Health Sciences Inc Term Loan, 3.000%, 3M LIBOR + 2.500%, 07/03/28		27,393		27,519
				1,525,185
Real Estate — 0.0%
Cushman & Wakefield U.S. Borrower, LLC Term Loan B, 2.834%, 1M LIBOR + 2.750%, 08/21/25		306,169		303,987
Retail — 0.2%
Evergreen Acqco 1 L.P. USD Term Loan, 6.500%, 3M LIBOR + 5.750%, 04/21/28		168,045		170,146
General Nutrition Centers, Inc. 2nd Lien Term Loan, 6.234%, 3M LIBOR + 6.000%, 10/30/26		219,221		203,875
Great Outdoors Group LLC Term Loan B, 5.000%, 3M LIBOR + 4.250%, 03/06/28		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. Incremental Term Loan, 4.250%, 3M LIBOR + 3.250%, 12/15/27		59,150		59,335
Michaels Companies, Inc. Term Loan B, 5.000%, 3M LIBOR + 4.250%, 04/15/28		229,425		229,981
PetSmart, Inc. Term Loan B, 4.500%, 6M LIBOR + 3.750%, 02/12/28		95,691		96,050
Staples, Inc. Term Loan, 5.126%, 3M LIBOR + 5.000%, 04/16/26		564,125		539,515
Tory Burch LLC Term Loan B, 4.000%, 1M LIBOR + 3.500%, 04/16/28		126,000		126,292
Whatabrands LLC Term Loan B, 3.750%, 1M LIBOR + 3.250%, 08/03/28		107,990		108,017
WOOF Holdings, Inc. 1st Lien Term Loan, 4.500%, 3M LIBOR + 3.750%, 12/21/27		54,180		54,367
				2,072,818
Software — 0.6%
Alloy Finco, Ltd. Holdco PIK Term Loan, 13.500%, 03/06/25		326,741		320,778
Aptean, Inc. Term Loan, 4.334%, 1M LIBOR + 4.250%, 04/23/26		272,098		271,758
Aspect Software, Inc. Term Loan, 6.000%, 3M LIBOR + 5.250%, 05/08/28		240,769		237,760
Athenahealth, Inc. Term Loan B1, 4.377%, 3M LIBOR + 4.250%, 02/11/26		543,565		545,739
Blackboard, Inc. Term Loan B5, 7.000%, 3M LIBOR + 6.000%, 06/30/24		843,189		849,118
Cloudera, Inc. 2nd Lien Term Loan Lien Term Loan, 08/10/29 (e)		51,033		51,033
Term Loan, 08/10/28 (e)		119,758		119,795
Cornerstone OnDemand, Inc. Term Loan, 09/21/28 (e)		221,502		221,456
DCert Buyer, Inc. Term Loan B, 4.084%, 1M LIBOR + 4.000%, 10/16/26		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 Term Loan, 4.500%, 3M LIBOR + 3.750%, 11/09/27		194,510	$	194,802
Greeneden U.S., Holdings II LLC USD Term Loan B4, 4.750%, 1M LIBOR + 4.000%, 12/01/27		115,557		116,090
Hyland Software, Inc. Term Loan 3, 4.250%, 1M LIBOR + 3.500%, 07/01/24		96,015		96,265
Idera, Inc. Term Loan, 4.500%, 1M LIBOR + 3.750%, 03/02/28		275,130		275,405
IGT Holding IV AB USD Term Loan, 4.250%, 3M LIBOR + 3.750%, 03/31/28		191,346		192,064
Ivanti Software, Inc. Term Loan B, 5.750%, 3M LIBOR + 4.750%, 12/01/27		159,200		159,857
Liftoff Mobile, Inc. Term Loan B, 10/02/28 (e)		122,365		122,174
Mitchell International, Inc. Add-On Term Loan, 4.750%, 1M LIBOR + 4.250%, 11/29/24		247,500		247,854
Navicure, Inc. Term Loan B, 4.084%, 1M LIBOR + 4.000%, 10/22/26		256,100		256,580
Playtika Holding Corp. Term Loan, 2.834%, 1M LIBOR + 2.750%, 03/13/28		55,216		55,260
Polaris Newco LLC USD Term Loan B, 4.500%, 6M LIBOR + 4.000%, 06/02/28		365,296		366,529
Quest Software U.S. Holdings, Inc. 1st Lien Term Loan, 4.379%, 3M LIBOR + 4.250%, 05/16/25		574,097		574,199
Rocket Software, Inc. Term Loan, 4.334%, 1M LIBOR + 4.250%, 11/28/25		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) Incremental Term Loan, 4.000%, 3M LIBOR + 3.250%, 05/04/26		138,694		139,144
Veritas U.S., Inc. USD Term Loan B, 6.000%, 3M LIBOR + 5.000%, 09/01/25		321,605		323,615
				6,494,292
Telecommunications—0.2%
Altice France S.A. Term Loan B13, 4.125%, 3M LIBOR + 4.000%, 08/14/26		78,544		78,467
CCI Buyer, Inc. Term Loan, 4.750%, 3M LIBOR + 4.000%, 12/17/27		35,064		35,195
CommScope, Inc. Term Loan B, 3.336%, 1M LIBOR + 3.250%, 04/06/26		540,351		538,409
Global Tel*Link Corp. 1st Lien Term Loan, 4.334%, 1M LIBOR + 4.250%, 11/29/25		836,649		794,503
LogMeIn, Inc. Term Loan B, 4.833%, 1M LIBOR + 4.750%, 08/31/27		303,442		303,655
Zayo Group Holdings, Inc. Term Loan, 3.084%, 1M LIBOR + 3.000%, 03/09/27		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. Term Loan B1, 4.500%, 1M LIBOR + 3.750%, 03/24/26		267,437		267,688
				360,345
Total Floating Rate Loans (Cost $47,877,957)				47,940,153
Mortgage-Backed Securities—4.6%
Collateralized Mortgage Obligations—2.2%
Adjustable Rate Mortgage Trust 2.664%, 02/25/35 (a)		1,028,637		1,070,030
BRAVO Residential Funding Trust 3.500%, 10/25/44 (144A) (a)		1,815,795		1,885,608
CHL Mortgage Pass-Through Trust 2.087%, 07/25/34 (a)		247,229		251,521
Credit Suisse First Boston Mortgage Securities Corp. 5.000%, 09/25/19		51,224		43,217
JPMorgan Mortgage Trust 2.500%, 10/25/51 (144A) (a)		5,416,766		5,514,945
MASTR Alternative Loan Trust 5.000%, 02/25/18		9,752		10,008
Merrill Lynch Mortgage Investors Trust 0.826%, 1M LIBOR + 0.740%, 03/25/28 (a)		151,996		152,565
New York Mortgage Trust 0.761%, 1M LIBOR + 0.675%, 02/25/36 (a)		102,899		99,895
OBX Trust 0.736%, 1M LIBOR + 0.650%, 06/25/57 (144A) (a)		552,085		552,195
2.500%, 05/25/51 (144A) (a)		3,295,386		3,347,737
Provident Funding Mortgage Trust 2.500%, 09/25/51 (144A) (a)		3,140,000		3,195,441
PSMC Trust 2.500%, 08/25/51 (144A) (a)		5,100,000		5,181,481
Sequoia Mortgage Trust 0.727%, 1M LIBOR + 0.640%, 11/20/34 (a)		178,519		178,043
WaMu Mortgage Pass-Through Certificates Trust 0.546%, 1M LIBOR + 0.460%, 04/25/45 (a)		706,370		700,839
				22,183,525
Commercial Mortgage-Backed Securities—2.4%
BAMLL Commercial Mortgage Securities Trust 2.959%, 12/10/30 (144A)		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 3.732%, 08/10/49 (144A) (a)		1,220,000		1,301,682
Greenwich Capital Commercial Mortgage Trust 6.214%, 07/10/38 (a)		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 2.399%, 11/15/49		2,401,662	$	2,400,913
				24,639,025
Total Mortgage-Backed Securities (Cost $46,676,563)				46,822,550
Foreign Government—3.4%
Banks—0.4%
Banque Centrale de Tunisie International Bond 5.750%, 01/30/25 (144A)		1,800,000		1,521,727
Korea Development Bank (The) 3.375%, 03/12/23		2,700,000		2,812,806
				4,334,533
Sovereign—3.0%
Brazilian Government International Bond 8.750%, 02/04/25 (c)		980,000		1,206,262
Colombia Government International Bond 8.125%, 05/21/24		1,910,000		2,203,013
Dominican Republic International Bond 8.900%, 02/15/23 (144A) (DOP)		82,600,000		1,567,834
Egypt Government International Bond 5.750%, 05/29/24 (144A) (c)		1,400,000		1,454,440
Gabon Government International Bond 6.950%, 06/16/25 (144A)		450,000		486,338
Hungary Government International Bond 5.375%, 02/21/23		1,220,000		1,300,154
Indonesia Government International Bond 3.700%, 01/08/22 (144A)		2,280,000		2,298,763
Iraq International Bond 5.800%, 01/15/28 (144A)		1,828,125		1,760,942
Kazakhstan Government International Bond 3.875%, 10/14/24 (144A)		2,100,000		2,265,375
Mongolia Government International Bond 8.750%, 03/09/24 (144A)		490,000		555,567
Pakistan Government International Bond 8.250%, 09/30/25 (144A)		520,000		563,550
Peruvian Government International Bonds 2.783%, 01/23/31		600,000		593,760
7.350%, 07/21/25		900,000		1,087,488
Philippine Government International Bond 4.200%, 01/21/24 (c)		600,000		643,158
Republic of Belarus International Bond 7.625%, 06/29/27 (144A)		1,400,000		1,382,416
Republic of Poland Government International Bond 5.000%, 03/23/22		1,550,000		1,583,086
Republic of South Africa Government International Bond 5.875%, 09/16/25 (c)		2,030,000		2,273,560
Russian Foreign Bond - Eurobond 4.875%, 09/16/23 (144A)		1,500,000		1,618,395
Turkey Government International Bond 6.375%, 10/14/25		2,150,000		2,206,717
Sovereign—(Continued)
Ukraine Government International Bond 7.375%, 09/25/32 (144A)		1,700,000		1,740,392
Uruguay Government International Bond 3.700%, 06/26/37 (UYU) (k)		62,256,055		1,608,318
				30,399,528
Total Foreign Government (Cost $36,001,470)				34,734,061
Investment Company Security—2.0%
SPDR Blackstone Senior Loan ETF (Cost $20,120,012)		440,000		20,248,800
Municipals—2.0%
City & County Honolulu HI Wastewater System Revenue 2.233%, 07/01/24		710,000		739,897
Colorado Bridge Enterprise 0.923%, 12/31/23		5,000,000		5,021,279
Curators of the University of Missouri (The) 2.012%, 11/01/27		2,000,000		2,048,732
Massachusetts State College Building Authority 2.256%, 05/01/26		760,000		796,209
Metropolitan Transportation Authority 4.000%, 11/15/45		680,000		758,016
New York State Urban Development Corp. 2.250%, 03/15/26		5,950,000		6,163,256
San Jose Redevelopment Agency Successor Agency 2.630%, 08/01/22		2,165,000		2,209,013
State of Illinois, General Obligation Unlimited 5.100%, 06/01/33		865,000		1,008,198
Texas State University System 2.351%, 03/15/26		1,385,000		1,455,953
Total Municipals (Cost $19,638,518)				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 (Cost $2,920,096)				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 (Cost $0)				383,416
Short-Term Investments—3.6%
Discount Note—0.7%
Federal Home Loan Bank Zero Coupon, 10/01/21		7,375,000		7,375,000
Repurchase Agreement—2.9%
Fixed Income Clearing Corp. Repurchase Agreement dated 09/30/21 at 0.000%, due on 10/01/21 with a maturity value of $29,604,626; collateralized by U.S. Treasury Note at 1.250%, maturing 06/30/28, with a market value of $30,196,755.		29,604,626		29,604,626
Total Short-Term Investments (Cost $36,979,626)				36,979,626
Securities Lending Reinvestments (m)—5.7%
Certificates of Deposit—0.6%
Goldman Sachs Bank USA 0.170%, 02/04/22		2,000,000		2,000,140
Oversea-Chinese Banking Corp., Ltd. 0.152%, 3M LIBOR + 0.020%, 03/25/22 (a)		1,000,000		1,000,054
Standard Chartered Bank (NY) 0.170%, 03/28/22		1,000,000		1,000,000
Sumitomo Mitsui Trust Bank, Ltd. 0.060%, 10/05/21		2,000,000		1,999,988
				6,000,182
Commercial Paper—0.2%
UBS AG 0.240%, 03/30/22		2,000,000		1,998,145
Repurchase Agreements—3.7%
Barclays Bank plc Repurchase Agreement dated 09/30/21 at 0.190%, due on 10/01/21 with a maturity value of $2,300,012; collateralized by various Common Stock with an aggregate market value of $2,555,839.		2,300,000		2,300,000
Barclays Capital, Inc. Repurchase Agreement dated 09/30/21 at 0.040%, due on 10/01/21 with a maturity value of $4,702,993; collateralized by U.S. Treasury Obligations with rates ranging from 0.000% - 3.625%, maturity dates ranging from 01/15/22 - 02/15/50, and an aggregate market value of $4,797,048.		4,702,988		4,702,988
Cantor Fitzgerald & Co. Repurchase Agreement dated 09/30/21 at 0.055%, due on 10/01/21 with a maturity value of $4,000,006; collateralized by U.S. Treasury and U.S. Government Agency Obligations with rates ranging from 0.000% - 5.500%, maturity dates ranging from 11/01/26 - 07/20/71, and an aggregate market value of $4,080,000.		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 $1,000,004; 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 $1,020,004.		1,000,000		1,000,000
ING Financial Markets LLC Repurchase Agreement dated 09/30/21 at 0.040%, due on 10/01/21 with a maturity value of $6,000,007; collateralized by U.S. Treasury and Foreign Obligations with rates ranging from 0.065% - 6.625%, maturity dates ranging from 10/12/21 - 01/04/35, and an aggregate market value of $6,120,001.		6,000,000		6,000,000
National Bank of Canada Repurchase Agreement dated 09/30/21 at 0.200%, due on 10/07/21 with a maturity value of $9,000,350; collateralized by various Common Stock with an aggregate market value of $10,001,340.		9,000,000		9,000,000
NBC Global Finance, Ltd. Repurchase Agreement dated 09/30/21 at 0.235%, due on 10/07/21 with a maturity value of $700,032; 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 $777,022.		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 Repurchase Agreement dated 09/30/21 at 0.050%, due on 10/01/21 with a maturity value of $2,000,003; 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 $2,040,102.		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 0.060%, 10/01/21		2,000,000		2,000,000
Landesbank Baden-Wuettertemberg (London) 0.130%, 10/01/21		500,000		500,000
National Bank of Canada 0.120%, OBFR + 0.050%, 10/07/21 (a)		1,000,000		1,000,000
Skandi New York 0.050%, 10/01/21		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  0.030% (n)		500,000		500,000
Wells Fargo Government Money Market Fund, Select Class  0.030% (n)		1,500,000		1,500,000
				7,000,000
Total Securities Lending Reinvestments (Cost $57,814,409)				57,815,136
Total Investments— 107.8% (Cost $1,097,024,155)				1,095,396,554
Unfunded Loan Commitments— (0.0)% (Cost $(9,131))				(9,131	)
Net Investments— 107.8% (Cost $1,097,015,024)				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 Frequency

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%, due 03/15/23		(5.000%)		Quarterly		03/20/23		CBNA		0.895%		USD	950,000	$	(57,465)	$	(40,627)	$	(16,838)
Avon Products, Inc. 5.000%, due 03/15/23		(5.000%)		Quarterly		03/20/23		CBNA		0.895%		USD	950,000		(57,465)		(40,582)		(16,883)
Nabors Industries, Inc. 5.500%, due 01/15/23		(1.000%)		Quarterly		12/20/21		CBNA		6.038%		USD	875,000		9,839		2,438		7,401
Nabors Industries, Inc. 5.500%, due 01/15/23		(1.000%)		Quarterly		12/20/21		CBNA		6.038%		USD	575,000		6,466		2,418		4,048
Nabors Industries, Inc. 5.500%, due 01/15/23		(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. 3.875%, due 06/18/21		5.000	%		Quarterly		12/20/25		JPMC		3.604	%		EUR	480,000	$	30,047		$	(2,689	)	$	32,736
Air-France KLM S.A. 1.875% due 01/16/25		5.000	%		Quarterly		06/20/26		JPMC		3.750	%		EUR	760,000		46,837			12,621			34,216
American Airlines Group, Inc. 5.000%, due 06/01/22		5.000	%		Quarterly		12/20/21		CBNA		4.487	%		USD	585,000		670			(8,690	)		9,360
American Airlines Group, Inc. 5.000%, due 06/01/22		5.000	%		Quarterly		06/20/22		JPMC		4.078	%		USD	400,000		2,628			(2,723	)		5,351
Apache Corp. 4.875%, due 11/15/27		1.000	%		Quarterly		12/20/26		CBNA		1.819	%		USD	1,525,000		(61,340	)		(76,883	)		15,543
Carnival Corp 6.650%, due 01/15/58		1.000	%		Quarterly		12/20/26		CBNA		3.656	%		USD	585,000		(71,156	)		(74,178	)		3,022
Mexico Government International Bond 4.150%, due 03/28/27		1.000	%		Quarterly		06/20/26		CBNA		0.916	%		USD	2,500,000		9,750			6,873			2,877
Nabors Industries, Inc. 5.500%, due 01/15/23		1.000	%		Quarterly		12/20/23		CBNA		5.023	%		USD	425,000		(36,161	)		(26,071	)		(10,090	)
Nabors Industries, Inc. 5.500%, due 01/15/23		1.000	%		Quarterly		12/20/23		CBNA		5.023	%		USD	575,000		(48,923	)		(43,814	)		(5,109	)
Nabors Industries, Inc. 5.500%, due 01/15/23		1.000	%		Quarterly		12/20/23		CBNA		5.023	%		USD	875,000		(74,448	)		(54,892	)		(19,556	)
Nordstrom, Inc. 6.950%, due 03/15/28		1.000	%		Quarterly		06/20/26		CBNA		2.303	%		USD	1,200,000		(69,444	)		(73,844	)		4,400
Nordstrom, Inc. 6.950%, due 03/15/28		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%, due 02/01/24		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 Amount of Currency Received		Notional Amount of Currency Delivered		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 1.200%, 03/18/22 (ARS) (a)		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 15.500%, 10/17/26 (ARS)		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 36.162%, BADLAR + 2.000%, 04/03/22 (ARS) (b)		20,147,000		92,760
Letras de la Nacion Argentina con Ajuste por CER Zero Coupon, 02/28/22 (ARS) (a) (c)		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 7.825%, 01/01/24 (c)		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 10.000%, 01/01/25 (BRL)		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 5.750%, 11/03/27 (COP)		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 16.500%, 02/06/23 (GHS)		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 19.750%, 03/15/32 (GHS)		18,788,000		3,159,977
20.750%, 01/16/23 (GHS)		150,000		26,265
Ghana Treasury Notes 17.250%, 07/31/23 (GHS)		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 5.150%, 11/09/25 (INR)		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 5.500%, 04/15/26 (IDR)		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 6.500%, 06/09/22 (MXN)		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 1.500%, 02/19/26 (144A) (NOK)		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 0.875%, 12/10/23 (KRW)		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 (Cost $775,889,961)				648,268,356
U.S. Treasury & Government Agencies—15.1%
U.S. Treasury—15.1%
U.S. Treasury Notes 1.500%, 10/31/21		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 (Cost $133,168,795)				140,918,676
Short-Term Investment—14.8%
Repurchase Agreement—13.4%
Fixed Income Clearing Corp. Repurchase Agreement dated 09/30/21 at 0.000%, due on 10/01/21 with a maturity value of $124,978,823; collateralized by U.S. Treasury Note at 1.250%, maturing 06/30/28, with a market value of $127,478,442.		124,978,823		124,978,823
U.S. Treasury—1.4%
U.S. Treasury Bill 0.004%, 12/16/21 (c)		12,532,000		12,531,048
Total Short-Term Investments (Cost $137,510,228)				137,509,871
Securities Lending Reinvestments (e)—4.8%
Repurchase Agreements—3.7%
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 Agreements—(Continued)
Barclays Capital, Inc. Repurchase Agreement dated 09/30/21 at 0.040%, due on 10/01/21 with a maturity value of $3,288,401; collateralized by U.S. Treasury Obligations with rates ranging from 0.000% - 3.625%, maturity dates ranging from 01/15/22 - 02/15/50, and an aggregate market value of $3,354,165.		3,288,397	$	3,288,397
Cantor Fitzgerald & Co. Repurchase Agreement dated 09/30/21 at 0.055%, due on 10/01/21 with a maturity value of $6,000,009; collateralized by U.S. Treasury and U.S. Government Agency Obligations with rates ranging from 0.000% - 5.500%, maturity dates ranging from 11/01/26 - 07/20/71, and an aggregate market value of $6,120,000.		6,000,000		6,000,000
Deutsche Bank AG, London Repurchase Agreement dated 09/30/21 at 0.150%, due on 10/01/21 with a maturity value of $800,003; 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 $816,004.		800,000		800,000
ING Financial Markets LLC Repurchase Agreement dated 09/30/21 at 0.040%, due on 10/01/21 with a maturity value of $5,000,006; collateralized by U.S. Treasury and Foreign Obligations with rates ranging from 0.065% - 6.625%, maturity dates ranging from 10/12/21 - 01/04/35, and an aggregate market value of $5,100,001.		5,000,000		5,000,000
National Bank of Canada Repurchase Agreement dated 09/30/21 at 0.200%, due on 10/07/21 with a maturity value of $3,000,117; collateralized by various Common Stock with an aggregate market value of $3,333,780.		3,000,000		3,000,000
NBC Global Finance, Ltd. Repurchase Agreement dated 09/30/21 at 0.235%, due on 10/07/21 with a maturity value of $600,027; 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 $666,019.		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 Amount*		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 0.060%, 10/01/21		1,000,000		1,000,000
Landesbank Baden-Wuettertemberg (London) 0.130%, 10/01/21		400,000		400,000
Skandi New York 0.050%, 10/01/21		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 0.030% (f)		2,000,000		2,000,000
				7,000,000
Total Securities Lending Reinvestments (Cost $43,781,769)				43,781,769
Total Investments—104.4% (Cost $1,090,350,753)				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 (Cost $1,992,212,792)				2,611,496,121
Short-Term Investment—0.9%
Repurchase Agreement—0.9%
Fixed Income Clearing Corp. Repurchase Agreement dated 09/30/21 at 0.000%, due on 10/01/21 with a maturity value of $23,346,245; collateralized by U.S. Treasury Note at 1.250%, maturing 06/30/28, with a market value of $23,813,257.		23,346,245		23,346,245
Total Short-Term Investments (Cost $23,346,245)				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) 0.179%, 1M BSBY + 0.120%, 12/01/21 (d)		6,000,000	$	5,999,892
Barclays Bank plc 0.180%, 04/07/22		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 Zero Coupon, 10/12/21		4,000,000		3,999,840
Goldman Sachs Bank USA 0.170%, 02/04/22		7,000,000		7,000,490
Mitsubishi UFJ Trust and Banking Corp. (London) Zero Coupon, 11/15/21		1,000,000		999,840
Mizuho Bank, Ltd. 0.160%, 03/25/22		5,000,000		4,999,755
MUFG Bank Ltd. 0.150%, 01/11/22		5,000,000		5,000,140
National Australia Bank, Ltd. 0.160%, 03/02/22		3,000,000		2,999,850
Natixis S.A. (New York) 0.167%, 3M LIBOR + 0.040%, 02/11/22 (d)		5,000,000		5,000,765
Oversea-Chinese Banking Corp., Ltd. 0.152%, 3M LIBOR + 0.020%, 03/25/22 (d)		5,000,000		5,000,270
Societe Generale 0.150%, 03/15/22		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) Zero Coupon, 10/15/21		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 0.240%, 03/30/22		6,000,000		5,994,435
Master Demand Notes—0.2%
Natixis Financial Products LLC 0.320%, OBFR + 0.250%, 10/01/21 (d)		5,000,000		5,000,000
Repurchase Agreements—3.0%
Barclays Bank plc Repurchase Agreement dated 09/30/21 at 0.350%, due on 11/04/21 with a maturity value of $2,000,681; collateralized by various Common Stock with an aggregate market value of $2,222,676.		2,000,000		2,000,000
Barclays Capital, Inc. Repurchase Agreement dated 09/30/21 at 0.040%, due on 10/01/21 with a maturity value of $2,332,357; collateralized by U.S. Treasury Obligations with rates ranging from 0.000% - 3.625%, maturity dates ranging from 01/15/22 - 02/15/50, and an aggregate market value of $2,379,002.		2,332,354		2,332,354
Repurchase Agreements—(Continued)
BofA Securities, Inc. Repurchase Agreement dated 09/30/21 at 0.350%, due on 11/04/21 with a maturity value of $4,001,361; 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 $4,166,896.		4,000,000		4,000,000
CF Secured LLC 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% - 4.750%, maturity dates ranging from 11/18/21 - 08/15/50, and an aggregate market value of $5,100,007.		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 Repurchase Agreement dated 09/30/21 at 0.150%, due on 10/01/21 with a maturity value of $1,500,006; 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 $1,530,007.		1,500,000		1,500,000
Morgan Stanley Repurchase Agreement dated 09/30/21 at 0.420%, due on 01/03/22 with a maturity value of $6,006,650; collateralized by various Common Stock with an aggregate market value of $6,600,092.		6,000,000		6,000,000
National Bank of Canada Repurchase Agreement dated 09/30/21 at 0.200%, due on 10/07/21 with a maturity value of $30,001,167; collateralized by various Common Stock with an aggregate market value of $33,337,800.		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 0.095% - 2.250%, maturity dates ranging from 07/31/22 - 11/15/27, and various Common Stock with an aggregate market value of $35,834.		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 Amount*		Value
Repurchase Agreements—(Continued)
Royal Bank of Canada Toronto Repurchase Agreement dated 09/30/21 at 0.340%, due on 11/04/21 with a maturity value of $3,000,992; collateralized by various Common Stock with an aggregate market value of $3,333,365.		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 0.060%, 10/01/21		2,000,000		2,000,000
Landesbank Baden-Wuettertemberg (London) 0.130%, 10/01/21		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 0.050%, 10/01/21		2,000,000		2,000,000
				11,300,000
Mutual Funds—1.3%
BlackRock Liquidity Funds FedFund, Institutional Shares 0.030% (e)		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 0.030% (e)		10,000,000		10,000,000
				35,000,000
Total Securities Lending Reinvestments (Cost $230,615,040)				230,624,882
Total Investments—108.6% (Cost $2,246,174,077)				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 Amount*		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 (Cost $1,079,773,355)				1,254,764,772
Short-Term Investment—0.9%
Repurchase Agreement—0.9%
Fixed Income Clearing Corp. Repurchase Agreement dated 09/30/21 at 0.000%, due on 10/01/21 with a maturity value of $11,009,637; collateralized by U.S. Treasury Note at 1.250%, maturing 06/30/28, with a market value of $11,229,876.		11,009,637		11,009,637
Total Short-Term Investments (Cost $11,009,637)				11,009,637
Securities Lending Reinvestments (c)—7.1%
Certificates of Deposit—0.7%
Barclays Bank plc 0.180%, 04/07/22		2,000,000		2,001,154
Cooperatieve Rabobank UA 0.170%, 03/18/22		1,500,000		1,500,000
Goldman Sachs Bank USA 0.170%, 02/04/22		2,000,000		2,000,140
Oversea-Chinese Banking Corp., Ltd. 0.152%, 3M LIBOR + 0.020%, 03/25/22 (d)		1,000,000		1,000,054
Sumitomo Mitsui Trust Bank, Ltd. 0.060%, 10/05/21		2,000,000		1,999,988
				8,501,336
Commercial Paper—0.2%
UBS AG 0.240%, 03/30/22		2,000,000		1,998,145
Repurchase Agreements—5.0%
Barclays Bank plc 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. Repurchase Agreement dated 09/30/21 at 0.040%, due on 10/01/21 with a maturity value of $8,962,685; collateralized by U.S. Treasury Obligations with rates ranging from 0.000% - 3.625%, maturity dates ranging from 01/15/22 - 02/15/50, and an aggregate market value of $9,141,929.		8,962,675		8,962,675
Repurchase Agreements—(Continued)
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
Cantor Fitzgerald & Co. Repurchase Agreement dated 09/30/21 at 0.055%, due on 10/01/21 with a maturity value of $2,000,003; collateralized by U.S. Treasury and U.S. Government Agency Obligations with rates ranging from 0.000% - 5.500%, maturity dates ranging from 11/01/26 - 07/20/71, and an aggregate market value of $2,040,000.		2,000,000		2,000,000
CF Secured LLC Repurchase Agreement dated 09/30/21 at 0.050%, due on 10/01/21 with a maturity value of $12,000,017; collateralized by U.S. Treasury Obligations with rates ranging from 0.000% - 4.750%, maturity dates ranging from 11/18/21 - 08/15/50, and an aggregate market value of $12,240,017.		12,000,000		12,000,000
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 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
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
ING Financial Markets LLC Repurchase Agreement dated 09/30/21 at 0.040%, due on 10/01/21 with a maturity value of $10,000,011; collateralized by U.S. Treasury and Foreign Obligations with rates ranging from 0.065% - 6.625%, maturity dates ranging from 10/12/21 - 01/04/35, and an aggregate market value of $10,200,002.		10,000,000		10,000,000
Morgan Stanley Repurchase Agreement dated 09/30/21 at 0.420%, due on 01/03/22 with a maturity value of $3,003,325; collateralized by various Common Stock with an aggregate market value of $3,300,046.		3,000,000		3,000,000
National Bank of Canada Repurchase Agreement dated 09/30/21 at 0.200%, due on 10/07/21 with a maturity value of $8,000,311; collateralized by various Common Stock with an aggregate market value of $8,890,080.		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 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 $2,100,003; 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 $2,142,107.		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) 0.130%, 10/01/21		800,000		800,000
National Bank of Canada 0.120%, OBFR + 0.050%, 10/07/21 (d)		1,000,000		1,000,000
Skandi New York 0.050%, 10/01/21		2,000,000		2,000,000
				3,800,000
Mutual Funds—0.9%
BlackRock Liquidity Funds, Institutional Shares 0.030% (e)		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  0.030% (e)		5,500,000		5,500,000
				12,000,000
Total Securities Lending Reinvestments (Cost $90,151,332)				90,153,213
Total Investments—106.7% (Cost $1,180,934,324)				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 September 30, 2021 (Unaudited)	% of Net Assets
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 (Cost $2,479,477,711)				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 Amount*		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 (Cost $32,078,705)				30,138,347
Convertible Bonds—0.3%
Switzerland—0.3%
Credit Suisse Group Guernsey VII, Ltd. 3.000%, 11/12/21 (CHF) (144A) (Cost $8,601,602)		7,835,000		8,952,787
Short-Term Investment—3.3%
Repurchase Agreement—3.3%
Fixed Income Clearing Corp. Repurchase Agreement dated 09/30/21 at 0.000%, due on 10/01/21 with a maturity value of $100,413,495; collateralized by U.S. Treasury Note at 1.250%, maturing 06/30/28, with a market value of $102,421,788.		100,413,495		100,413,495
Total Short-Term Investments (Cost $100,413,495)				100,413,495
Securities Lending Reinvestments (c)—4.5%
Repurchase Agreements—2.9%
Barclays Bank plc Repurchase Agreement dated 09/30/21 at 0.190%, due on 10/01/21 with a maturity value of $25,000,132; collateralized by various Common Stock with an aggregate market value of $27,780,857.		25,000,000		25,000,000
Barclays Capital, Inc. Repurchase Agreement dated 09/30/21 at 0.040%, due on 10/01/21 with a maturity value of $2,177,662; collateralized by U.S. Treasury Obligations with rates ranging from 0.000% - 3.625%, maturity dates ranging from 01/15/22 - 02/15/50, and an aggregate market value of $2,221,212.		2,177,659		2,177,659
CF Secured LLC Repurchase Agreement dated 09/30/21 at 0.050%, due on 10/01/21 with a maturity value of $25,000,035; collateralized by U.S. Treasury Obligations with rates ranging from 0.000% - 4.750%, maturity dates ranging from 11/18/21 - 08/15/50, and an aggregate market value of $25,500,035.		25,000,000		25,000,000
Citigroup Global Markets Ltd. Repurchase Agreement dated 09/30/21 at 0.060%, due on 10/01/21 with a maturity value of $20,000,033; collateralized by U.S. Treasury Obligations with rates ranging from 0.500% - 3.000%, maturity dates ranging from 02/29/24 - 05/15/49, and an aggregate market value of $20,400,002.		20,000,000		20,000,000
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 $3,300,014; 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 $3,366,015.		3,300,000		3,300,000
National Bank of Canada Repurchase Agreement dated 09/30/21 at 0.200%, due on 10/07/21 with a maturity value of $200,008; collateralized by various Common Stock with an aggregate market value of $222,252.		200,000		200,000
Societe Generale 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
				85,677,659
Time Deposits—0.3%
ABN AMRO Bank NV 0.070%, 10/01/21		2,000,000		2,000,000
First Abu Dhabi Bank USA NV 0.060%, 10/01/21		4,000,000		4,000,000
Landesbank Baden-Wuettertemberg (London) 0.130%, 10/01/21		1,300,000		1,300,000
Skandi New York 0.050%, 10/01/21		2,000,000		2,000,000
				9,300,000
Mutual Funds—1.3%
BlackRock Liquidity Funds FedFund, Institutional Shares 0.030% (d)		20,000,000		20,000,000
Goldman Sachs Financial Square Government Fund, Institutional Shares 0.030% (d)		10,000,000		10,000,000
Morgan Stanley Liquidity Funds Government Portfolio, Institutional Shares 0.030% (d)		3,000,000		3,000,000
STIT-Government & Agency Portfolio, Institutional Class 0.030% (d)		3,000,000		3,000,000
Wells Fargo Government Money Market Fund, Select Class 0.030% (d)		2,000,000		2,000,000
				38,000,000
Total Securities Lending Reinvestments (Cost $132,977,659)				132,977,659
Total Investments—104.4% (Cost $2,753,549,172)				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 September 30, 2021 (Unaudited)	% of Net Assets
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 (Cost $59,000,000)				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 (Cost $34,200,000)				48,169,217
Municipals—2.4%
New York City Housing Development Corp. 0.080%, 04/01/39		3,300,000		3,300,000
New York State Energy Research & Development Authority 0.080%, 11/01/39		4,400,000		4,400,000
New York State Housing Finance Agency 0.080%, 11/01/39		8,000,000		8,000,000
Port of Portland OR Airport Revenue 0.080%, 07/01/26		17,530,000		17,530,000
Total Municipals (Cost $33,230,000)				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 0.180%, OBFR + 0.110%, 02/11/22 (144A) (a)		25,000,000		25,001,857
Apple, Inc. 0.038%, 10/04/21 (144A) (b)		40,000,000		39,999,733
Bank of Nova Scotia 0.175%, 3M LIBOR + 0.050%, 11/09/21 (a)		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. 0.118%, 11/03/21 (144A) (b)		10,000,000		9,999,056
Cancara Asset Securitisation LLC 0.118%, 11/04/21 (b)		24,950,000		24,947,574
CDP Financial, Inc. 0.131%, 02/07/22 (b)		25,000,000		24,992,507
Chevron Corp. 0.041%, 10/05/21 (144A) (b)		30,000,000		29,999,667
Collateralized Commercial Paper Co. LLC 0.222%, 10/21/21 (b)		25,000,000		24,998,629
Concord Minutemen Capital Co. LLC 0.121%, 10/12/21 (144A) (b)		10,000,000		9,999,713
Dexia Credit Local S.A. 0.104%, 10/14/21 (144A) (b)		32,000,000		31,999,017
Exxon Mobil Corp. 0.060%, 12/03/21 (b)		40,000,000		39,994,951
FMS Wertmanagement 0.131%, 02/04/22 (144A) (b)		15,000,000		14,993,015
Kimberly-Clark Corp. 0.041%, 10/05/21 (144A) (b)		17,000,000		16,999,835
Korea Development Bank (The) 0.151%, 03/09/22 (b)		10,300,000		10,293,912
Lexington Parker Capital Co. LLC 0.123%, 10/15/21 (144A) (b)		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. 0.180%, SOFR + 0.130%, 09/12/22 (144A) (a)		22,000,000		21,991,530
Nationwide Building Society 0.062%, 10/08/21 (144A) (b)		21,000,000		20,999,669
Natixis S.A. 0.155%, 3M LIBOR + 0.030%, 11/15/21 (a)		15,000,000		15,001,181
Nederlandse Waterschapsbank NV 0.114%, 11/15/21 (144A) (b)		18,000,000		17,997,700
Nestle Finance International, Ltd. 0.047%, 10/21/21 (144A) (b)		43,100,000		43,098,743
Old Line Funding LLC 0.150%, SOFR + 0.100%, 02/04/22 (144A) (a)		35,000,000		34,998,213
Oversea-Chinese Banking Corp., Ltd. 0.150%, 04/07/22 (b)		6,500,000		6,499,590
PACCAR Financial Corp. 0.059%, 10/22/21 (b)		16,600,000		16,599,138
Ridgefield Funding Co. LLC 0.178%, 11/08/21 (144A) (b)		25,000,000		24,997,617
Shell International Finance B.V. Zero Coupon, 10/01/21 (144A) (b)		7,000,000		6,999,988
Sumitomo Mitsui Banking Corp. 0.074%, 11/01/21 (144A) (b)		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. 0.100%, 12/02/21 (144A) (b)		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 (Cost $1,171,423,665)				1,171,444,716
Total Investments—93.8% (Cost $1,297,853,665)				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 Rate	Fixed Rate	Payment Frequency	Maturity Date		Counterparty	Underlying Reference Instrument	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

Invesco Comstock Portfolio

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 (Cost $1,642,752,414)				2,319,947,353
Short-Term Investment—0.8%
Repurchase Agreement—0.8%
Fixed Income Clearing Corp. Repurchase Agreement dated 09/30/21 at 0.000%, due on 10/01/21 with a maturity value of $17,669,035; collateralized by U.S. Treasury Note at 1.250%, maturing 06/30/28, with a market value of $18,022,506.		17,669,035		17,669,035
Total Short-Term Investments (Cost $17,669,035)				17,669,035
Securities Lending Reinvestments (c)—4.8%
Certificates of Deposit—0.3%
Agricultural Bank of China 0.200%, 11/22/21		1,000,000		1,000,058
Certificates of Deposit —(Continued)
Bank of Nova Scotia 0.175%, 3M LIBOR + 0.050%, 11/08/21 (d)		2,000,000	$	2,000,142
Oversea-Chinese Banking Corp., Ltd. 0.152%, 3M LIBOR + 0.020%, 03/25/22 (d)		1,000,000		1,000,054
Royal Bank of Canada New York 0.185%, 3M LIBOR + 0.040%, 10/05/21 (d)		1,000,000		1,000,011
Sumitomo Mitsui Trust Bank, Ltd. Zero Coupon, 02/10/22		1,000,000		999,440
				5,999,705
Commercial Paper—0.1%
Bedford Row Funding Corp. 0.214%, 3M LIBOR + 0.080%, 10/21/21 (d)		2,000,000		2,000,122
Repurchase Agreements—3.4%
Barclays Bank plc Repurchase Agreement dated 09/30/21 at 0.190%, due on 10/01/21 with a maturity value of $12,000,063; collateralized by various Common Stock with an aggregate market value of $13,334,811.		12,000,000		12,000,000
Barclays Capital, Inc. Repurchase Agreement dated 09/30/21 at 0.040%, due on 10/01/21 with a maturity value of $21,667,497; collateralized by U.S. Treasury Obligations with rates ranging from 0.000% - 3.625%, maturity dates ranging from 01/15/22 - 02/15/50, and an aggregate market value of $22,100,823.		21,667,473		21,667,473
Cantor Fitzgerald & Co. Repurchase Agreement dated 09/30/21 at 0.055%, due on 10/01/21 with a maturity value of $5,300,008; collateralized by U.S. Treasury and U.S. Government Agency Obligations with rates ranging from 0.000% - 5.500%, maturity dates ranging from 11/01/26 - 07/20/71, and an aggregate market value of $5,406,000.		5,300,000		5,300,000
CF Secured LLC 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% - 4.750%, maturity dates ranging from 11/18/21 - 08/15/50, and an aggregate market value of $10,200,014.		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 $4,001,633; 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 $4,346,691.		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 Repurchase Agreement dated 09/30/21 at 0.150%, due on 10/01/21 with a maturity value of $2,600,011; 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 $2,652,012.		2,600,000	$	2,600,000
National Bank of Canada Repurchase Agreement dated 09/30/21 at 0.200%, due on 10/07/21 with a maturity value of $5,000,194; collateralized by various Common Stock with an aggregate market value of $5,556,300.		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 $1,300,059; 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 $1,443,041.		1,300,000		1,300,000
Societe Generale 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 $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 0.070%, 10/01/21		2,000,000		2,000,000
First Abu Dhabi Bank USA NV 0.060%, 10/01/21		4,000,000		4,000,000
Landesbank Baden-Wuettertemberg (London) 0.130%, 10/01/21		1,100,000		1,100,000
Skandi New York 0.050%, 10/01/21		2,000,000		2,000,000
				9,100,000
Mutual Funds—0.6%
BlackRock Liquidity Funds FedFund, Institutional Shares 0.030% (e)		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  0.030% (e)		1,000,000		1,000,000
				15,000,000
Total Securities Lending Reinvestments (Cost $112,682,297)				112,682,747
Total Investments—104.3% (Cost $1,773,103,746)				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 (Cost $641,457,500)				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 Amount*		Value
Repurchase Agreement—0.4%
Fixed Income Clearing Corp. Repurchase Agreement dated 09/30/21 at 0.000%, due on 10/01/21 with a maturity value of $5,699,824; collateralized by U.S. Treasury Note at 1.250%, maturing 06/30/28, with a market value of $5,813,853.		5,699,824	$	5,699,824
Total Short-Term Investments (Cost $5,699,824)				5,699,824
Securities Lending Reinvestments(c)—2.8%
Certificate of Deposit—0.1%
Royal Bank of Canada New York 0.185%, 3M LIBOR + 0.040%, 10/05/21 (d)		1,000,000		1,000,011
Repurchase Agreements—2.1%
Barclays Bank plc Repurchase Agreement dated 09/30/21 at 0.190%, due on 10/01/21 with a maturity value of $4,000,021; collateralized by various Common Stock with an aggregate market value of $4,444,937.		4,000,000		4,000,000
Barclays Capital, Inc. Repurchase Agreement dated 09/30/21 at 0.040%, due on 10/01/21 with a maturity value of $2,831,785; collateralized by U.S. Treasury Obligations with rates ranging from 0.000% - 3.625%, maturity dates ranging from 01/15/22 - 02/15/50, and an aggregate market value of $2,888,418.		2,831,782		2,831,782
CF Secured LLC 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% - 4.750%, maturity dates ranging from 11/18/21 - 08/15/50, and an aggregate market value of $5,100,007.		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 $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 Repurchase Agreement dated 09/30/21 at 0.150%, due on 10/01/21 with a maturity value of $300,001; 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 $306,001.		300,000		300,000
ING Financial Markets LLC Repurchase Agreement dated 09/30/21 at 0.040%, due on 10/01/21 with a maturity value of $5,000,006; collateralized by U.S. Treasury and Foreign Obligations with rates ranging from 0.650% - 6.625%, maturity dates ranging from 10/12/21 - 01/04/35, and an aggregate market value of $5,100,001.		5,000,000		5,000,000
Repurchase Agreements—(Continued)
National Bank of Canada Repurchase Agreement dated 09/30/21 at 0.200%, due on 10/07/21 with a maturity value of $4,000,156; collateralized by various Common Stock with an aggregate market value of $4,445,040.		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) 0.130%, 10/01/21		300,000		300,000
National Bank of Canada 0.120%, OBFR + 0.050%, 10/07/21 (d)		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 0.030% (e)		2,000,000		2,000,000
Wells Fargo Government Money Market Fund, Select Class 0.030% (e)		5,000,000		5,000,000
				7,000,000
Total Securities Lending Reinvestments (Cost $40,862,004)				40,862,015
Total Investments—102.8% (Cost $688,019,328)				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 September 30, 2021 (Unaudited)	% of Net Assets
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 (Cost $824,660,149)				1,252,628,014
Short-Term Investment—1.7%
Repurchase Agreement—1.7%
Fixed Income Clearing Corp. Repurchase Agreement dated 09/30/21 at 0.000%, due on 10/01/21 with a maturity value of $21,256,317; collateralized by U.S. Treasury Note at 1.250%, maturing 06/30/28, with a market value of $21,681,491.		21,256,317		21,256,317
Total Short-Term Investments (Cost $21,256,317)				21,256,317
Securities Lending Reinvestments (c)—10.5%
Certificates of Deposit—4.2%
Bank of Montreal (Chicago) 0.179%, 1M BSBY + 0.120%, 12/01/21 (d)		2,000,000		1,999,964
Barclays Bank plc 0.180%, 04/07/22		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 0.170%, 02/04/22		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. 0.160%, 03/25/22		5,000,000		4,999,755
MUFG Bank Ltd. 0.150%, 01/11/22		3,000,000		3,000,084
Natixis S.A. (New York) 0.167%, 3M LIBOR + 0.040%, 02/11/22 (d)		2,000,000		2,000,306
Oversea-Chinese Banking Corp., Ltd. 0.152%, 3M LIBOR + 0.020%, 03/25/22 (d)		5,000,000		5,000,270
Societe Generale 0.150%, 03/15/22		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. 0.142%, 1M LIBOR + 0.060%, 12/17/21 (d)		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. 0.130%, 10/15/21		3,000,000		2,999,838
UBS AG 0.240%, 03/30/22		4,000,000		3,996,290
				6,996,128
Repurchase Agreements—3.7%
Barclays Bank plc Repurchase Agreement dated 09/30/21 at 0.190%, due on 10/01/21 with a maturity value of $2,000,011; collateralized by various Common Stock with an aggregate market value of $2,222,469.		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. Repurchase Agreement dated 09/30/21 at 0.040%, due on 10/01/21 with a maturity value of $4,567,582; collateralized by U.S. Treasury Obligations with rates ranging from 0.000% - 3.625%, maturity dates ranging from 01/15/22 - 02/15/50, and an aggregate market value of $4,658,929.		4,567,577		4,567,577
BofA Securities, Inc. Repurchase Agreement dated 09/30/21 at 0.350%, due on 11/04/21 with a maturity value of $8,002,722; 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 $8,333,791.		8,000,000		8,000,000
Cantor Fitzgerald & Co. Repurchase Agreement dated 09/30/21 at 0.055%, due on 10/01/21 with a maturity value of $2,000,003; collateralized by U.S. Treasury and U.S. Government Agency Obligations with rates ranging from 0.000% - 5.500%, maturity dates ranging from 11/01/26 - 07/20/71, and an aggregate market value of $2,040,000.		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 $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 Repurchase Agreement dated 09/30/21 at 0.150%, due on 10/01/21 with a maturity value of $800,003; 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 $816,004.		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 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 $11,112,600.		10,000,000	$	10,000,000
NBC Global Finance, Ltd. Repurchase Agreement dated 09/30/21 at 0.235%, due on 10/07/21 with a maturity value of $1,200,055; 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 $1,332,037.		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 Repurchase Agreement dated 09/30/21 at 0.050%, due on 10/01/21 with a maturity value of $2,000,003; 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 $2,040,102.		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 0.060%, 10/01/21		2,000,000		2,000,000
Landesbank Baden-Wuettertemberg (London) 0.130%, 10/01/21		1,300,000		1,300,000
National Bank of Canada 0.120%, OBFR + 0.050%, 10/07/21 (d)		5,000,000		5,000,000
Skandi New York 0.050%, 10/01/21		2,000,000		2,000,000
				10,300,000
Security Description	Shares		Value
Mutual Funds—1.2%
BlackRock Liquidity Funds FedFund, Institutional Shares 0.030% (e)		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 (Cost $133,076,989)				133,082,430
Total Investments—110.7% (Cost $978,993,455)				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

JPMorgan Core Bond Portfolio

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 3.500%, 03/01/32		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 2.159%, 12M LIBOR + 1.838%, 07/01/40 (a)		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 2.000%, TBA (d)		3,035,000		3,125,694
Uniform Mortgage-Backed Securities 30 Yr. Pool 2.500%, TBA (d)		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 (Cost $764,430,072)				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. 1.800%, 01/15/31		640,000		617,593
Lockheed Martin Corp. 4.500%, 05/15/36		450,000		557,504
Northrop Grumman Corp. 3.850%, 04/15/45		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. 2.450%, 02/04/32		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 1.668%, 03/25/26		345,000		345,192
Bunge, Ltd. Finance Corp. 2.750%, 05/14/31		1,205,000		1,220,968
Reynolds American, Inc. 7.000%, 08/04/41		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 4.000%, 10/29/24		125,708		132,462
Spirit Airlines Pass-Through Trust 3.375%, 02/15/30		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. 6.125%, 10/01/25		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. 2.691%, 09/15/31 (144A)		606,000		600,117
Volkswagen Group of America Finance LLC 1.625%, 11/24/27 (144A)		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. 2.550%, 02/13/30 (144A)		606,000		628,185
Australia & New Zealand Banking Group, Ltd. 4.400%, 05/19/26 (144A)		200,000		223,946
Banco Nacional de Panama 2.500%, 08/11/30 (144A)		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 2.029%, 1Y H15 + 1.100%, 09/30/27 (144A) (a)		655,000		654,619
Bank of Montreal 3.803%, 5Y USD Swap + 1.432%, 12/15/32 (a)		433,000		474,417
Bank of Tokyo-Mitsubishi UFJ, Ltd. (The) 4.100%, 09/09/23 (144A)		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 2.500%, 08/27/24		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 3.305%, 03/11/41 (144A)†		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 4.250%, 03/13/26		1,229,000		1,369,570
DNB Bank ASA 1.605%, 1Y H15 + 0.680%, 03/30/28 (144A) (a)		1,030,000		1,024,711
Fifth Third Bancorp 8.250%, 03/01/38		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. 2.452%, 10/20/21		750,000		750,555
ING Groep NV 1.726%, SOFR + 1.005%, 04/01/27 (a)		285,000		286,615
KeyCorp 4.150%, 10/29/25		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. 5.033%, 3M LIBOR + 1.750%, 01/15/30 (144A) (a)		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 1.500%, 09/30/26 (144A)		443,000		441,684
Royal Bank of Canada 4.650%, 01/27/26		495,000		561,650
Santander UK Group Holdings plc 1.673%, SOFR + 0.989%, 06/14/27 (a)		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. 2.750%, 05/01/23		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 (144A) (a)		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 (144A) (a)		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. 4.700%, 02/01/36		1,685,000		2,036,223
Anheuser-Busch InBev Finance, Inc. 4.625%, 02/01/44		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. 3.250%, 05/15/22		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. 3.500%, 01/16/50		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. 5.250%, 06/23/45		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. 1.750%, 09/15/30		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. 3.400%, 05/09/27 (144A)		214,000		232,827
Lennox International, Inc. 1.350%, 08/01/25		1,630,000		1,630,345
Martin Marietta Materials, Inc. 3.450%, 06/01/27		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. 5.450%, 12/01/44		350,000		445,254
Chevron Phillips Chemical Co. LLC / Chevron Phillips Chemical Co., L.P. 5.125%, 04/01/25 (144A)		630,000		713,939
DuPont de Nemours, Inc. 5.319%, 11/15/38		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) 2.815%, 06/01/70		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. 4.250%, 05/01/29		1,056,000		1,203,439
Pepperdine University 3.301%, 12/01/59		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. 1.150%, 06/07/24 (144A)		850,000		848,621
University of Southern California 3.226%, 10/01/2120		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. 3.000%, 06/17/27		490,000		523,255
Leidos, Inc. 2.300%, 02/15/31		365,000		356,623
				8,176,340
Cosmetics/Personal Care—0.1%
Estee Lauder Cos., Inc. (The) 2.600%, 04/15/30		1,470,000		1,541,649
Unilever Capital Corp. 3.375%, 03/22/25		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. 4.600%, 06/15/45		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. 3.400%, 02/27/23		600,000		623,802
Aviation Capital Group LLC 5.500%, 12/15/24 (144A)		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 3.650%, 07/14/23		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. 3.129%, 04/19/22 (144A)		439,000		445,551
GE Capital Funding LLC 4.400%, 05/15/30		375,000		434,520
GE Capital International Funding Co. 4.418%, 11/15/35		2,726,000		3,271,342
Jefferies Group LLC 5.125%, 01/20/23		300,000		317,307
LSEGA Financing plc 2.000%, 04/06/28 (144A)		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. 2.900%, 07/18/22		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 3.150%, 09/15/49		225,000		232,319
Alabama Power Co. 3.550%, 12/01/23		461,000		490,896
Alexander Funding Trust 1.841%, 11/15/23 (144A)		800,000		815,381
Baltimore Gas & Electric Co. 5.200%, 06/15/33 (e)		1,510,000		1,866,024
Berkshire Hathaway Energy Co. 6.125%, 04/01/36		325,000		449,915
CenterPoint Energy, Inc. 1.450%, 06/01/26		699,000		699,197
China Southern Power Grid International Finance BVI Co., Ltd. 3.500%, 05/08/27 (144A)		960,000		1,044,518
Cleveland Electric Illuminating Co. (The) 4.550%, 11/15/30 (144A)		250,000		291,497
Consumers Energy Co. 4.350%, 08/31/64		191,000		234,804
Delmarva Power & Light Co. 4.150%, 05/15/45		500,000		587,194
Dominion Energy, Inc. 2.850%, 08/15/26		183,000		194,377
DTE Electric Co. 5.700%, 10/01/37		300,000		404,900
Duke Energy Indiana LLC 3.750%, 05/15/46		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 3.550%, 11/15/24		1,180,000		1,251,131
Emera U.S. Finance L.P. 4.750%, 06/15/46		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. 2.950%, 09/01/26		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. 5.300%, 10/01/41		315,000		419,362
Exelon Corp. 3.497%, 06/01/22		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. 5.625%, 04/01/34		1,250,000		1,675,862
Fortis, Inc. 3.055%, 10/04/26		929,000		996,755
Indiana Michigan Power Co. 3.200%, 03/15/23		330,000		340,486
ITC Holdings Corp. 2.950%, 05/14/30 (144A)		330,000		346,320
Jersey Central Power & Light Co. 6.150%, 06/01/37		200,000		266,256
Massachusetts Electric Co. 4.004%, 08/15/46 (144A)		402,000		441,286
Mid-Atlantic Interstate Transmission LLC 4.100%, 05/15/28 (144A)		340,000		380,888
Nevada Power Co. 5.375%, 09/15/40		223,000		290,911
6.650%, 04/01/36		360,000		526,488
New England Power Co. 3.800%, 12/05/47 (144A)		280,000		306,462
New York State Electric & Gas Corp. 3.250%, 12/01/26 (144A)		434,000		468,239
NextEra Energy Capital Holdings, Inc. 3.625%, 06/15/23		410,000		427,226
Niagara Mohawk Power Corp. 1.960%, 06/27/30 (144A)		700,000		679,815
3.508%, 10/01/24 (144A)		305,000		325,590
Northern States Power Co. 6.500%, 03/01/28		628,000		786,443
NRG Energy, Inc. 2.000%, 12/02/25 (144A)		560,000		569,325
2.450%, 12/02/27 (144A)		625,000		634,231
OGE Energy Corp. 0.703%, 05/26/23		435,000		435,036
Ohio Power Co. 2.900%, 10/01/51		635,000		613,580
Oklahoma Gas and Electric Co. 0.553%, 05/26/23		525,000		525,006
Oncor Electric Delivery Co. LLC 3.100%, 09/15/49		670,000		699,494
Electric—(Continued)
Pacific Gas and Electric Co. 1.367%, 03/10/23		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 3.600%, 04/01/24		315,000		335,573
Pennsylvania Electric Co. 3.250%, 03/15/28 (144A)		113,000		119,397
PPL Electric Utilities Corp. 2.500%, 09/01/22		300,000		304,271
Progress Energy, Inc. 7.000%, 10/30/31		200,000		272,687
Public Service Co. of Colorado 2.500%, 03/15/23		400,000		408,134
Public Service Co. of Oklahoma 6.625%, 11/15/37 (e)		600,000		851,124
Puget Energy Inc. 2.379%, 06/15/28 (144A) (e)		853,000		853,188
San Diego Gas & Electric Co. 2.950%, 08/15/51		635,000		629,285
Sempra Energy 4.050%, 12/01/23		1,054,000		1,122,580
Sierra Pacific Power Co. 3.375%, 08/15/23		556,000		582,010
Southern California Edison Co. 3.650%, 03/01/28		500,000		541,376
5.550%, 01/15/36		500,000		609,746
Southern Power Co. 5.150%, 09/15/41		400,000		488,914
Southwestern Public Service Co. 4.500%, 08/15/41		250,000		304,506
Tampa Electric Co. 4.450%, 06/15/49		500,000		617,664
Toledo Edison Co. (The) 6.150%, 05/15/37		400,000		550,178
Tri-State Generation & Transmission Association, Inc. 4.250%, 06/01/46		206,000		230,455
Virginia Electric & Power Co. 4.450%, 02/15/44		126,000		153,364
6.000%, 05/15/37		685,000		947,655
				48,686,545
Electronics—0.1%
Arrow Electronics, Inc. 3.250%, 09/08/24		439,000		465,584
3.875%, 01/12/28		376,000		406,147
				871,731
Engineering & Construction—0.0%
Mexico City Airport Trust 5.500%, 07/31/47 (144A)		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. 1.450%, 02/15/31		710,000	$	665,317
Food—0.4%
Bimbo Bakeries USA, Inc. 4.000%, 05/17/51 (144A)		695,000		753,003
Campbell Soup Co. 3.125%, 04/24/50		287,000		277,733
Conagra Brands, Inc. 5.300%, 11/01/38		205,000		260,715
5.400%, 11/01/48		325,000		431,525
Kroger Co. (The) 8.000%, 09/15/29		610,000		847,642
McCormick and Co., Inc. 2.500%, 04/15/30		1,239,000		1,266,630
Smithfield Foods, Inc. 3.000%, 10/15/30 (144A)		1,160,000		1,167,593
5.200%, 04/01/29 (144A)		1,100,000		1,263,065
Tyson Foods, Inc. 5.150%, 08/15/44 (e)		100,000		129,232
				6,397,138
Forest Products & Paper—0.0%
International Paper Co. 8.700%, 06/15/38		250,000		408,548
Gas—0.5%
APT Pipelines, Ltd. 4.200%, 03/23/25 (144A)		700,000		761,404
4.250%, 07/15/27 (144A)		687,000		780,102
Atmos Energy Corp. 0.625%, 03/09/23		310,000		310,010
4.150%, 01/15/43		460,000		529,811
Brooklyn Union Gas Co. (The) 4.273%, 03/15/48 (144A)		500,000		564,615
KeySpan Gas East Corp. 2.742%, 08/15/26 (144A)		345,000		358,996
NiSource, Inc. 1.700%, 02/15/31		570,000		536,934
2.950%, 09/01/29		465,000		485,934
Southern California Gas Co. 2.550%, 02/01/30		829,000		851,653
Southern Co. Gas Capital Corp. 3.950%, 10/01/46		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. 3.800%, 09/29/46		332,000		355,819
				7,503,467
Healthcare-Products—0.1%
Boston Scientific Corp. 4.000%, 03/01/29		606,000		686,681
Healthcare-Products—(Continued)
Thermo Fisher Scientific, Inc. 2.000%, 10/15/31		1,065,000		1,041,943
2.950%, 09/19/26		286,000		307,478
				2,036,102
Healthcare-Services—1.1%
Aetna, Inc. 6.625%, 06/15/36		297,000		429,109
Anthem, Inc. 4.101%, 03/01/28		460,000		520,726
4.650%, 08/15/44		324,000		399,871
Bon Secours Mercy Health, Inc. 3.205%, 06/01/50		625,000		655,250
Children’s Hospital 2.585%, 02/01/50		430,000		409,004
2.928%, 07/15/50		540,000		532,642
CommonSpirit Health 1.547%, 10/01/25		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 3.304%, 11/01/49		500,000		531,617
Hackensack Meridian Health, Inc. 2.675%, 09/01/41		1,180,000		1,167,746
2.875%, 09/01/50		700,000		694,342
Hartford HealthCare Corp. 3.447%, 07/01/54 (e)		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 3.447%, 11/01/49		995,000		1,104,535
MidMichigan Health 3.409%, 06/01/50		245,000		263,750
MultiCare Health System 2.803%, 08/15/50		365,000		362,610
NYU Langone Hospitals 3.380%, 07/01/55		410,000		427,567
Piedmont Healthcare, Inc. 2.864%, 01/01/52		620,000		602,409
Providence St. Joseph Health Obligated Group 2.746%, 10/01/26		210,000		222,388
Quest Diagnostics, Inc. 3.450%, 06/01/26		140,000		152,289
Texas Health Resources 2.328%, 11/15/50		340,000		301,350
4.330%, 11/15/55		250,000		323,694
UnitedHealth Group, Inc. 3.250%, 05/15/51		900,000		951,710
4.625%, 07/15/35		320,000		397,557
Universal Health Services, Inc. 2.650%, 10/15/30 (144A)		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. 2.496%, 07/01/50		580,000	$	537,348
				17,962,534
Holding Companies-Diversified—0.1%
CVS Pass-Through Trust 4.704%, 01/10/36 (144A)		684,469		776,337
Hutchison Whampoa International 11, Ltd. 4.625%, 01/13/22 (144A)		1,100,000		1,112,373
				1,888,710
Home Builders—0.0%
Lennar Corp. 4.500%, 04/30/24		280,000		302,744
Insurance—1.1%
AIA Group, Ltd. 3.600%, 04/09/29 (144A)		495,000		542,048
3.900%, 04/06/28 (144A) (e)		415,000		461,480
AIG SunAmerica Global Financing X 6.900%, 03/15/32 (144A)		500,000		704,862
American Financial Group, Inc. 3.500%, 08/15/26		750,000		818,485
Aon plc 3.500%, 06/14/24		485,000		517,752
Assurant, Inc. 4.200%, 09/27/23		605,000		644,133
Athene Global Funding 0.950%, 01/08/24 (144A)		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. 4.300%, 05/15/43		831,000		1,009,955
Dai-ichi Life Insurance Co., Ltd. (The) 4.000%, 3M LIBOR + 3.660%, 07/24/26 (144A) (a)		759,000		822,566
F&G Global Funding 1.750%, 06/30/26 (144A)		585,000		588,586
Guardian Life Insurance Co. of America (The) 4.850%, 01/24/77 (144A)		156,000		201,511
Hanover Insurance Group, Inc. (The) 2.500%, 09/01/30		380,000		381,503
Hartford Financial Services Group, Inc. (The) 4.300%, 04/15/43		400,000		473,108
Intact U.S. Holdings, Inc. 4.600%, 11/09/22 (e)		750,000		779,685
Jackson National Life Global Funding 3.050%, 04/29/26 (144A)		300,000		321,006
3.250%, 01/30/24 (144A)		460,000		486,938
Liberty Mutual Insurance Co. 8.500%, 05/15/25 (144A)		800,000		985,686
Lincoln National Corp. 4.200%, 03/15/22		350,000		356,005
Manulife Financial Corp. 4.061%, 5Y USD ICE Swap + 1.647%, 02/24/32 (a)		500,000		548,153
Insurance—(Continued)
Massachusetts Mutual Life Insurance Co. 7.625%, 11/15/23 (144A)		550,000		599,258
New York Life Global Funding 3.000%, 01/10/28 (144A)		485,000		522,748
New York Life Insurance Co. 4.450%, 05/15/69 (144A)		625,000		782,256
Northwestern Mutual Global Funding 1.700%, 06/01/28 (144A)		620,000		622,168
Pacific Life Insurance Co. 4.300%, 3M LIBOR + 2.796%, 10/24/67 (144A) (a)		200,000		227,220
Principal Financial Group, Inc. 3.125%, 05/15/23		250,000		259,952
				17,510,552
Internet—0.2%
eBay, Inc. 2.600%, 05/10/31 (e)		2,500,000		2,549,403
Iron/Steel—0.2%
Nucor Corp. 2.979%, 12/15/55 (144A)		250,000		244,137
Reliance Steel & Aluminum Co. 1.300%, 08/15/25		1,810,000		1,803,710
Steel Dynamics, Inc. 1.650%, 10/15/27		630,000		623,390
3.450%, 04/15/30		237,000		254,869
Vale Overseas, Ltd. 3.750%, 07/08/30 (e)		405,000		419,560
				3,345,666
Machinery-Diversified—0.2%
Deere & Co. 8.100%, 05/15/30		400,000		582,629
Nvent Finance Sarl 4.550%, 04/15/28		562,000		616,430
Otis Worldwide Corp. 2.565%, 02/15/30		1,110,000		1,139,537
Xylem, Inc. 3.250%, 11/01/26		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. 2.650%, 08/15/62		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. 1.800%, 10/01/30 (144A)		1,880,000	$	1,790,140
2.950%, 10/01/50 (144A)		630,000		592,378
Discovery Communications LLC 5.200%, 09/20/47		485,000		604,271
Grupo Televisa S.A.B. 6.125%, 01/31/46		200,000		274,756
TCI Communications, Inc. 7.125%, 02/15/28 (e)		801,000		1,057,538
Time Warner Cable LLC 5.500%, 09/01/41		1,000,000		1,225,592
ViacomCBS, Inc. 2.900%, 01/15/27		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 4.000%, 09/11/27 (144A)		300,000		330,637
Barrick Gold Corp. 6.450%, 10/15/35		300,000		412,013
Glencore Funding LLC 1.625%, 09/01/25 (144A)		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. 3.625%, 05/01/30 (e)		580,000		644,495
Parker-Hannifin Corp. 4.100%, 03/01/47		250,000		285,724
4.450%, 11/21/44		333,000		402,929
Siemens Financieringsmaatschappij NV 3.125%, 03/16/24 (144A)		500,000		530,081
				1,863,229
Oil & Gas—1.2%
BP Capital Markets America, Inc. 2.939%, 06/04/51		1,260,000		1,191,324
3.017%, 01/16/27		655,000		704,054
BP Capital Markets plc 3.279%, 09/19/27		534,000		584,829
Chevron USA, Inc. 5.050%, 11/15/44		450,000		598,793
6.000%, 03/01/41		360,000		522,122
Cimarex Energy Co. 3.900%, 05/15/27		710,000		776,825
ConocoPhillips 2.400%, 02/15/31 (144A)		390,000		396,598
Oil & Gas—(Continued)
Diamondback Energy, Inc. 3.250%, 12/01/26		440,000		471,174
4.750%, 05/31/25		900,000		1,005,327
Ecopetrol S.A. 4.125%, 01/16/25		433,000		450,701
Eni S.p.A. 4.000%, 09/12/23 (144A) (e)		385,000		409,640
EQT Corp. 3.900%, 10/01/27		200,000		216,446
Exxon Mobil Corp. 2.995%, 08/16/39		690,000		713,401
3.095%, 08/16/49		860,000		870,042
Hess Corp. 6.000%, 01/15/40		245,000		314,519
HollyFrontier Corp. 2.625%, 10/01/23		775,000		800,144
5.875%, 04/01/26		409,000		469,491
Lundin Energy Finance B.V. 2.000%, 07/15/26 (144A)		389,000		391,347
3.100%, 07/15/31 (144A)		335,000		339,672
Marathon Petroleum Corp. 3.625%, 09/15/24		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. 1.900%, 08/15/30		800,000		765,436
Saudi Arabian Oil Co. 1.250%, 11/24/23 (144A) (e)		200,000		201,280
1.625%, 11/24/25 (144A)		220,000		220,011
Suncor Energy, Inc. 5.950%, 12/01/34		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. 2.986%, 06/29/41		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. 1.200%, 03/15/24		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 5.125%, 09/15/40		360,000		459,280
Halliburton Co. 4.750%, 08/01/43 (e)		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. 2.650%, 06/26/30		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 1.512%, 04/15/26 (144A)		894,000	$	893,577
WRKCo, Inc. 3.750%, 03/15/25		300,000		324,657
				1,218,234
Pharmaceuticals—1.2%
AbbVie, Inc. 2.800%, 03/15/23		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 2.125%, 08/06/50		390,000		336,350
6.450%, 09/15/37		350,000		518,594
Becton Dickinson & Co. 3.734%, 12/15/24		24,000		25,935
3.794%, 05/20/50		575,000		642,440
Bristol-Myers Squibb Co. 4.125%, 06/15/39		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. 4.800%, 07/15/46		156,000		194,842
CVS Health Corp. 4.300%, 03/25/28		179,000		204,177
5.050%, 03/25/48		2,065,000		2,658,073
CVS Pass-Through Trust 5.773%, 01/10/33 (144A)		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. 4.125%, 11/15/25		89,000		99,107
Mylan, Inc. 4.550%, 04/15/28		350,000		399,485
5.400%, 11/29/43		400,000		494,536
Shire Acquisitions Investments Ireland DAC 2.875%, 09/23/23		445,000		463,912
3.200%, 09/23/26		2,100,000		2,265,199
Takeda Pharmaceutical Co., Ltd. 3.025%, 07/09/40		945,000		959,460
3.175%, 07/09/50 (e)		440,000		445,886
Viatris, Inc. 3.850%, 06/22/40 (144A)		412,000		441,869
Zoetis, Inc. 2.000%, 05/15/30		590,000		584,532
				19,215,854
Pipelines—1.0%
ANR Pipeline Co. 7.375%, 02/15/24		226,000		255,860
Pipelines—(Continued)
Boardwalk Pipelines L.P. 3.400%, 02/15/31		630,000		662,034
Buckeye Partners L.P. 5.850%, 11/15/43		575,000		575,518
Cameron LNG LLC 3.701%, 01/15/39 (144A)		769,000		850,877
Cheniere Corpus Christi Holdings LLC 3.700%, 11/15/29		400,000		434,080
5.125%, 06/30/27		530,000		612,737
Enable Midstream Partners L.P. 3.900%, 05/15/24		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. 3.900%, 07/15/26		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 3.900%, 02/15/24		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 3.363%, 06/30/31 (144A)		600,000		608,635
4.317%, 12/30/39 (144A)		425,000		439,262
Galaxy Pipeline Assets Bidco, Ltd. 2.940%, 09/30/40 (144A)		800,000		798,332
Gray Oak Pipeline LLC 2.000%, 09/15/23 (144A)		415,000		422,943
2.600%, 10/15/25 (144A)		1,300,000		1,332,607
Kinder Morgan, Inc. 2.000%, 02/15/31 (e)		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. 6.650%, 10/01/36		950,000		1,274,634
ONEOK, Inc. 3.400%, 09/01/29		245,000		261,287
Phillips 66 Partners L.P. 3.150%, 12/15/29		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. 4.700%, 06/15/44		560,000		600,992
Southern Natural Gas Co. LLC 4.800%, 03/15/47 (144A)		244,000		297,288
TC PipeLines L.P. 3.900%, 05/25/27		100,000		110,943
Tennessee Gas Pipeline Co. LLC 2.900%, 03/01/30 (144A)		425,000		439,502
TransCanada PipeLines, Ltd. 3.750%, 10/16/23		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) 4.850%, 03/01/48		300,000	$	366,781
				17,086,340
Real Estate—0.1%
Goodman Australia Industrial Fund Bond Issuer Pty, Ltd. 3.400%, 09/30/26 (144A)		632,000		683,942
Ontario Teachers’ Cadillac Fairview Properties Trust 3.875%, 03/20/27 (144A)		603,000		665,817
				1,349,759
Real Estate Investment Trusts—1.9%
Alexandria Real Estate Equities, Inc. 1.875%, 02/01/33		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. 1.500%, 01/31/28		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. 3.200%, 01/15/25		380,000		403,463
3.850%, 02/01/23		800,000		829,552
Brixmor Operating Partnership L.P. 2.250%, 04/01/28 (e)		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. 2.750%, 04/15/31		1,153,000		1,164,695
Crown Castle International Corp. 2.250%, 01/15/31		915,000		894,197
Digital Realty Trust L.P. 3.700%, 08/15/27		270,000		300,122
Equinix, Inc. 2.000%, 05/15/28		1,388,000		1,384,383
2.900%, 11/18/26		875,000		927,926
Essex Portfolio L.P. 2.650%, 03/15/32		565,000		570,954
Goodman U.S. Finance Three LLC 3.700%, 03/15/28 (144A)		387,000		418,597
Healthcare Trust of America Holdings L.P. 2.000%, 03/15/31		470,000		450,612
Healthpeak Properties, Inc. 3.500%, 07/15/29		600,000		656,553
Life Storage L.P. 2.400%, 10/15/31		390,000		386,217
3.500%, 07/01/26		1,000,000		1,090,348
Mid-America Apartments L.P. 1.700%, 02/15/31		470,000		445,976
Real Estate Investment Trusts—(Continued)
National Retail Properties, Inc. 3.600%, 12/15/26		453,000		492,720
Office Properties Income Trust 2.650%, 06/15/26		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. 2.250%, 04/15/30		200,000		203,591
Realty Income Corp. 3.000%, 01/15/27		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. 2.950%, 09/15/29		560,000		587,497
Sabra Health Care L.P. 3.200%, 12/01/31		660,000		646,552
Safehold Operating Partnership L.P. 2.800%, 06/15/31 (e)		2,220,000		2,226,106
Scentre Group Trust 1 / Scentre Group Trust 2 3.500%, 02/12/25 (144A)		720,000		767,157
Scentre Group Trust 2 4.750%, 5Y H15 + 4.379%, 09/24/80 (144A) (a)		635,000		679,133
SITE Centers Corp. 4.700%, 06/01/27		226,000		254,544
UDR, Inc. 2.100%, 08/01/32		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. 3.500%, 02/01/25		197,000		210,790
3.850%, 04/01/27		369,000		408,788
Welltower, Inc. 3.100%, 01/15/30		445,000		470,521
6.500%, 03/15/41		225,000		322,738
WP Carey, Inc. 2.250%, 04/01/33		845,000		807,240
4.250%, 10/01/26		285,000		319,688
				30,609,642
Retail—0.6%
7-Eleven, Inc. 1.300%, 02/10/28 (144A)		405,000		389,338
2.500%, 02/10/41 (144A)		409,000		375,741
Alimentation Couche-Tard, Inc. 2.950%, 01/25/30 (144A) (e)		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. 1.650%, 01/15/31		530,000		503,431
Dollar General Corp. 4.125%, 05/01/28		485,000		550,391
Kohl’s Corp. 3.375%, 05/01/31		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. 1.700%, 10/15/30		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. 4.450%, 03/01/47		180,000		219,577
4.700%, 12/09/35		84,000		103,711
6.300%, 10/15/37		152,000		217,545
Nordstrom, Inc. 4.250%, 08/01/31 (e)		908,000		919,585
O’Reilly Automotive, Inc. 3.600%, 09/01/27		494,000		548,995
				9,966,077
Savings & Loans—0.0%
Nationwide Building Society 1.000%, 08/28/25 (144A)		380,000		377,462
Semiconductors—0.7%
Analog Devices, Inc. 2.800%, 10/01/41		722,000		722,090
3.125%, 12/05/23		293,000		308,087
4.500%, 12/05/36		336,000		393,559
Broadcom, Inc. 1.950%, 02/15/28 (144A)		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. 3.300%, 03/01/50		310,000		326,162
Microchip Technology, Inc. 0.972%, 02/15/24 (144A)		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. 2.500%, 05/11/31 (144A)		1,085,000		1,095,099
3.250%, 05/11/41 (144A)		1,115,000		1,151,598
Xilinx, Inc. 2.375%, 06/01/30		700,000		714,183
				11,886,206
Software—0.5%
Citrix Systems, Inc. 1.250%, 03/01/26		275,000		270,509
Fiserv, Inc. 3.200%, 07/01/26		305,000		329,292
4.400%, 07/01/49		295,000		353,216
Microsoft Corp. 2.400%, 08/08/26		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. 2.300%, 03/25/28		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. 1.400%, 09/15/27		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 3.625%, 01/21/50 (144A)		276,000		293,876
NBN Co., Ltd. 2.625%, 05/05/31 (144A)		1,600,000		1,623,256
T-Mobile USA, Inc. 2.050%, 02/15/28		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. 2.100%, 03/22/28		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 3.550%, 02/15/50		233,000		261,294
7.950%, 08/15/30		1,185,000		1,711,861
Burlington Northern, Inc. 8.750%, 02/25/22		812,000		839,002
CSX Corp. 4.750%, 11/15/48		404,000		521,562
6.000%, 10/01/36		300,000		416,067
Kansas City Southern 4.700%, 05/01/48		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. 3.850%, 01/15/24		679,000	$	722,495
3.942%, 11/01/47		219,000		249,564
Union Pacific Corp. 4.100%, 09/15/67		200,000		235,359
				5,697,261
Trucking & Leasing—0.1%
Penske Truck Leasing Co. L.P. / PTL Finance Corp. 2.700%, 03/14/23 (144A)		948,000		974,801
4.125%, 08/01/23 (144A)		598,000		633,749
				1,608,550
Water—0.0%
American Water Capital Corp. 2.800%, 05/01/30		750,000		786,678
Total Corporate Bonds & Notes (Cost $533,495,113)				554,641,021
Asset-Backed Securities—9.3%
Asset-Backed - Automobile—2.6%
AmeriCredit Automobile Receivables Trust 2.690%, 06/19/23		130,276		130,770
Carvana Auto Receivables Trust 3.040%, 04/15/25 (144A)		3,815,000		3,930,432
CPS Auto Receivables Trust 3.790%, 06/15/23 (144A)		101,596		101,992
Credit Acceptance Auto Loan Trust 0.960%, 02/15/30 (144A)		2,700,000		2,707,514
Credito Real USA Auto Receivables Trust 1.350%, 02/16/27 (144A)		1,237,729		1,238,143
Drive Auto Receivables Trust 1.020%, 06/15/27		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 1.100%, 02/16/27 (144A)		1,432,000		1,435,395
3.810%, 12/15/23 (144A)		246,197		246,992
Flagship Credit Auto Trust 2.180%, 02/16/27 (144A)		650,000		662,103
3.790%, 12/16/24 (144A)		3,855,000		3,917,928
GLS Auto Receivables Issuer Trust 1.200%, 01/15/27 (144A)		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 1.420%, 04/15/27 (144A)		2,250,000		2,243,189
LP LMS ASSET 3.228%, 10/15/28		2,828,227		2,858,609
Asset-Backed - Automobile—(Continued)
Sonoran Auto Receivables Trust 4.750%, 07/15/24		1,798,751		1,798,751
4.750%, 06/15/25		2,006,318		2,006,318
Tricolor Auto Securitization Trust 4.875%, 11/15/26 (144A)		1,354,456		1,366,459
U.S. Auto Funding LLC 0.790%, 07/15/24 (144A)		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 2.240%, 12/15/28 (144A)		1,500,000		1,510,300
Mercury Financial Credit Card Master Trust 1.540%, 03/20/26 (144A)		1,695,000		1,699,750
World Financial Network Credit Card Master Trust 3.140%, 12/15/25		2,635,000		2,664,013
				5,874,063
Asset-Backed - Other—6.3%
Accelerated LLC 1.900%, 10/20/40 (144A)		2,207,000		2,204,759
Ajax Mortgage Loan Trust 2.239%, 06/25/66 (144A) (g)		2,688,116		2,683,478
American Homes 4 Rent Trust 3.467%, 04/17/52 (144A)		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 3.070%, 03/15/48 (144A)		920,000		920,917
AMSR Trust 2.327%, 10/17/38 (144A)		1,694,000		1,682,147
Business Jet Securities LLC 2.162%, 04/15/36 (144A)		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 5.000%, 12/05/23 (h) (i)		3,355,466		3,443,547
Cars Net Lease Mortgage Notes 3.100%, 12/15/50 (144A)		597,750		612,949
Conix Mortgage Asset Trust 4.704%, 12/25/47 (144A)† (a) (h) (i)		1,078,519		17,041
Consumer Receivables Asset Investment Trust 3.132%, 3M LIBOR + 3.000%, 03/24/23 (144A) (a)		2,210,000		2,208,983
COOF Securitization Trust, Ltd. 2.715%, 06/25/40 (144A) (a) (c)		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 2.705%, 10/15/52 (144A)		1,421,420	$	1,480,199
3.880%, 03/15/52 (144A)		2,470,000		2,678,990
Crossroads Asset Trust 1.440%, 01/20/26 (144A)		1,650,000		1,649,134
DataBank Issuer 2.060%, 02/27/51 (144A)		1,950,000		1,946,063
Diamond Resorts Owner Trust 3.270%, 10/22/29 (144A)		428,055		432,312
3.700%, 01/21/31 (144A)		846,104		876,112
FirstKey Homes Trust 2.668%, 10/19/37 (144A)		3,700,000		3,750,274
Foundation Finance Trust 3.860%, 11/15/34 (144A)		811,138		834,833
FTF Funding II LLC 3.100%, 08/15/24		566,320		427,571
Gold Key Resorts LLC 3.220%, 03/17/31 (144A)		78,420		79,326
Goodgreen Trust 2.760%, 04/15/55 (144A)		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 3.080%, 09/20/42 (144A)		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 2.660%, 12/26/28 (144A)		319,295		326,202
KGS-Alpha SBA COOF Trust 0.162%, 05/25/39 (144A) (a) (c)		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. 2.034%, 1M LIBOR + 1.950%, 06/15/39 (144A)† (a)		3,280,000		3,281,020
LL ABS Trust 2.330%, 01/17/28 (144A)		817,472		821,851
Nationstar HECM Loan Trust 1.269%, 09/25/30 (144A) (a)		2,316,869		2,323,186
NRZ Excess Spread-Collateralized Notes 3.104%, 07/25/26 (144A)		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 1.210%, 03/08/28 (144A)		950,000		952,537
Pagaya AI Debt Selection Trust 1.180%, 11/15/27 (144A)		4,692,226		4,703,440
Pretium Mortgage Credit Partners I LLC 3.105%, 06/27/60 (144A) (g)		1,674,127		1,674,689
Progress Residential 2.409%, 05/17/38 (144A)		1,960,000		1,963,645
Regional Management Issuance Trust 3.040%, 03/17/31 (144A)		2,309,000		2,303,920
Renew Financial 3.670%, 09/20/52 (144A)		398,039		416,710
Asset-Backed - Other—(Continued)
Sierra Timeshare Receivables Funding LLC 1.330%, 07/20/37 (144A)		1,313,292		1,316,333
SOL S.p.A. 4.160%, 02/09/30		975,571		1,010,522
Upstart Securitization Trust 0.870%, 03/20/31 (144A)		1,589,923		1,592,785
1.890%, 03/20/31 (144A)		914,000		918,745
VM DEBT LLC 7.500%, 06/15/24		2,400,000		2,400,000
VOLT C LLC 1.992%, 05/25/51 (144A) (g)		1,817,846		1,818,736
VOLT CI LLC 1.992%, 05/25/51 (144A) (g)		1,772,040		1,774,231
VOLT LLC 2.240%, 03/27/51 (144A) (g)		1,240,023		1,241,261
2.240%, 04/25/51 (144A) (g)		2,600,686		2,601,060
VOLT XCII LLC 1.893%, 02/27/51 (144A) (g)		1,174,216		1,174,241
VOLT XCIII LLC 1.893%, 02/27/51 (144A) (g)		3,831,108		3,843,108
VOLT XCIV LLC 2.240%, 02/27/51 (144A) (g)		2,901,238		2,903,903
VSE VOI Mortgage LLC 3.560%, 02/20/36 (144A)		631,804		658,926
				103,064,987
Asset-Backed - Student Loan—0.0%
Academic Loan Funding Trust 0.886%, 1M LIBOR + 0.800%, 12/26/44 (144A) (a)		636,441		634,765
Total Asset-Backed Securities (Cost $151,977,943)				151,992,759
Mortgage-Backed Securities—6.6%
Collateralized Mortgage Obligations—4.4%
ACRE TL 6.400%, 12/15/21 (h) (i)		2,072,727		2,052,000
Banc of America Funding Trust 2.569%, 05/20/34 (a)		155,373		162,475
BVRT Financing Trust 0.010%, 11/10/32 (h) (i)		446,936		446,936
3.152%, 11/10/22 (144A)† (h) (i)		1,879,926		1,879,926
FMC GMSR Issuer Trust 3.620%, 07/25/26 (144A) (a)		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. 0.406%, 1M LIBOR + 0.320%, 11/25/32 (144A) (a)		175,265		171,114
HarborView Mortgage Loan Trust 2.709%, 05/19/34 (a)		395,932		401,953
Headlands Residential LLC 3.875%, 08/25/24 (144A) (g)		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 0.826%, 1M LIBOR + 0.740%, 11/25/34 (a)		1,155,636		1,174,184
JPMorgan Mortgage Trust 2.227%, 08/25/34 (a)		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 2.090%, 09/25/26 (144A) (a)		1,525,000	$	1,521,936
MASTR Asset Securitization Trust 5.500%, 12/25/33		117,055		115,140
Merrill Lynch Mortgage Investors Trust 0.546%, 1M LIBOR + 0.460%, 04/25/29 (a)		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 1.842%, 02/16/22 (144A)		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 1.867%, 04/25/26 (144A) (g)		1,750,256		1,757,711
2.115%, 01/25/26 (144A) (a)		2,843,541		2,848,745
Seasoned Credit Risk Transfer Trust 3.500%, 07/25/58		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 0.687%, 1M LIBOR + 0.600%, 12/20/34 (a)		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 0.987%, 1M LIBOR + 0.900%, 05/19/33 (a)		523,389		515,934
Structured Asset Mortgage Investments Trust II 0.787%, 1M LIBOR + 0.700%, 01/19/34 (a)		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 2.838%, 11/25/33 (a)		174,399		180,838
Thornburg Mortgage Securities Trust 0.726%, 1M LIBOR + 0.640%, 09/25/43 (a)		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. 3.721%, 09/25/22 (g)		2,107,000		2,118,011
Towd Point Mortgage Trust 2.918%, 11/30/60 (144A) (a)		4,731,525		4,823,341
ZH Trust 2.253%, 02/18/27 (144A)		1,400,000		1,401,541
				71,652,342
Commercial Mortgage-Backed Securities—2.2%
BAMLL Commercial Mortgage Securities Trust 4.354%, 08/15/46 (144A) (a)		1,200,000		1,303,180
BB-UBS Trust 3.430%, 11/05/36 (144A)		2,950,000		3,109,519
Citigroup Commercial Mortgage Trust 2.717%, 02/15/53		4,330,000		4,542,651
Commercial Mortgage-Backed Securities—(Continued)
Commercial Mortgage Trust 0.252%, 07/10/45 (144A) (a)(c)		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 4.373%, 09/15/37 (144A)		1,000,000		951,634
Independence Plaza Trust 3.763%, 07/10/35 (144A)		2,935,000		3,085,529
Ladder Capital Commercial Mortgage Trust 3.985%, 02/15/36 (144A)		768,000		850,088
MRCD Mortgage Trust 2.718%, 12/15/36 (144A)		1,997,000		2,005,564
RBS Commercial Funding, Inc. Trust 3.260%, 03/11/31 (144A)		531,000		541,788
RR Trust
Zero Coupon, 04/26/48 (144A)† (b)		8,830,000		8,188,657
SLG Office Trust 2.585%, 07/15/41 (144A)		3,090,000		3,193,987
VNDO Mortgage Trust 2.996%, 11/15/30 (144A)		1,400,000		1,429,712
Wells Fargo Commercial Mortgage Trust 1.234%, 1M LIBOR + 1.150%, 02/15/40 (144A) (a)		1,545,337		1,553,970
WF-RBS Commercial Mortgage Trust 4.381%, 03/15/45 (144A) (a)		300,000		296,977
				36,295,832
Total Mortgage-Backed Securities (Cost $105,083,713)				107,948,174
Foreign Government—0.6%
Sovereign—0.6%
Chile Government International Bond 2.550%, 01/27/32 (e)		394,000		390,387
Colombia Government International Bonds 4.000%, 02/26/24		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 2.659%, 05/24/31 (e)		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 4.500%, 04/16/50		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 5.875%, 09/16/25		384,000	$	430,072
Saudi Government International Bond 2.250%, 02/02/33 (144A)		490,000		476,407
Total Foreign Government (Cost $9,716,352)				9,786,211
Short-Term Investment—3.5%
Repurchase Agreement—3.5%
Fixed Income Clearing Corp. Repurchase Agreement dated 09/30/21 at 0.000%, due on 10/01/21 with a maturity value of $57,836,266; collateralized by U.S. Treasury Note at 1.250%, maturing 06/30/28, with a market value of $58,993,001.		57,836,266		57,836,266
Total Short-Term Investments (Cost $57,836,266)				57,836,266
Securities Lending Reinvestments (j)—3.7%
Certificates of Deposit—0.5%
Barclays Bank plc 0.180%, 04/07/22		2,000,000		2,001,154
Oversea-Chinese Banking Corp., Ltd. 0.152%, 3M LIBOR + 0.020%, 03/25/22 (a)		2,000,000		2,000,108
Royal Bank of Canada New York 0.185%, 3M LIBOR + 0.040%, 10/05/21 (a)		1,000,000		1,000,011
Standard Chartered Bank (NY) 0.170%, 03/28/22		1,000,000		1,000,000
Sumitomo Mitsui Trust Bank, Ltd. 0.060%, 10/05/21		2,000,000		1,999,988
				8,001,261
Commercial Paper—0.1%
UBS AG 0.240%, 03/30/22		1,000,000		999,073
Repurchase Agreements—2.5%
Barclays Bank plc Repurchase Agreement dated 09/30/21 at 0.190%, due on 10/01/21 with a maturity value of $50,000; collateralized by various Common Stock with an aggregate market value of $55,562.		50,000		50,000
Barclays Capital, Inc. Repurchase Agreement dated 09/30/21 at 0.040%, due on 10/01/21 with a maturity value of $6,870,525; collateralized by U.S. Treasury Obligations with rates ranging from 0.000% - 3.625%, maturity dates ranging from 01/15/22 - 02/15/50, and an aggregate market value of $7,007,928.		6,870,517		6,870,517
Repurchase Agreements—(Continued)
Cantor Fitzgerald & Co. Repurchase Agreement dated 09/30/21 at 0.055%, due on 10/01/21 with a maturity value of $8,000,012; collateralized by U.S. Treasury and U.S. Government Agency Obligations with rates ranging from 0.000% - 5.500%, maturity dates ranging from 11/01/26 - 07/20/71, and an aggregate market value of $8,160,000.		8,000,000		8,000,000
CF Secured LLC Repurchase Agreement dated 09/30/21 at 0.050%, due on 10/01/21 with a maturity value of $2,000,003; collateralized by U.S. Treasury Obligations with rates ranging from 0.000% - 4.750%, maturity dates ranging from 11/18/21 - 08/15/50, and an aggregate market value of $2,040,003.		2,000,000		2,000,000
Deutsche Bank AG, London Repurchase Agreement dated 09/30/21 at 0.150%, due on 10/01/21 with a maturity value of $1,200,005; 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 $1,224,005.		1,200,000		1,200,000
ING Financial Markets LLC Repurchase Agreement dated 09/30/21 at 0.040%, due on 10/01/21 with a maturity value of $5,900,007; collateralized by U.S. Treasury and Foreign Obligations with rates ranging from 0.065% - 6.625%, maturity dates ranging from 10/12/21 - 01/04/35, and an aggregate market value of $6,018,001.		5,900,000		5,900,000
National Bank of Canada Repurchase Agreement dated 09/30/21 at 0.200%, due on 10/07/21 with a maturity value of $3,000,117; collateralized by various Common Stock with an aggregate market value of $3,333,780.		3,000,000		3,000,000
NBC Global Finance, Ltd. Repurchase Agreement dated 09/30/21 at 0.235%, due on 10/07/21 with a maturity value of $1,700,078; 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 $1,887,053.		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 Repurchase Agreement dated 09/30/21 at 0.050%, due on 10/01/21 with a maturity value of $2,400,003; 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 $2,448,122.		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 Amount*		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 0.060%, 10/01/21		2,000,000		2,000,000
Landesbank Baden-Wuettertemberg (London) 0.130%, 10/01/21		500,000		500,000
National Bank of Canada 0.120%, OBFR + 0.050%, 10/07/21 (a)		2,000,000		2,000,000
Skandi New York 0.050%, 10/01/21		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 0.030% (k)		200,000		200,000
				5,200,000
Total Securities Lending Reinvestments (Cost $59,914,845)				59,916,379
Total Investments—106.2% (Cost $1,682,454,304)				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 (Cost $695,719,207)				811,358,406
Convertible Bonds—18.1%
Aerospace/Defense—1.0%
MTU Aero Engines AG 0.125%, 05/17/23 (EUR)		5,700,000		10,353,859
Safran S.A. 0.875%, 05/15/27 (EUR)		6,185,915		9,843,972
				20,197,831
Airlines—1.1%
Southwest Airlines Co. 1.250%, 05/01/25		14,623,000		21,843,106
Apparel—1.6%
adidas AG 0.050%, 09/12/23 (EUR)		11,800,000		16,231,378
Kering S.A. Zero Coupon, 09/30/22 (EUR)		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 Amount*		Value
Banks—1.4%
Barclays Bank plc Zero Coupon, 02/04/25		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. 1.500%, 04/09/25 (EUR)		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. 2.750%, 10/15/42		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. 3.750%, 02/01/22		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. 0.250%, 05/15/25		5,305,000		8,562,270
Real Estate—0.4%
LEG Immobilien AG 0.875%, 09/01/25 (EUR)		6,100,000		8,481,594
Retail—0.6%
Zalando SE 0.050%, 08/06/25 (EUR)		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 (Cost $310,994,928)				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 Amount*		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. 3.250%, 01/15/28		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 1.668%, 03/25/26		70,000		70,039
Bunge, Ltd. Finance Corp. 2.750%, 05/14/31		160,000		162,120
Imperial Brands Finance plc 3.125%, 07/26/24 (144A)		1,021,000		1,074,283
Philip Morris International, Inc. 3.875%, 08/21/42		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 4.000%, 10/29/24		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 8.000%, 11/15/27		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 4.250%, 11/13/23 (144A)		265,000	$	284,231
				5,813,922
Auto Parts & Equipment—0.0%
Lear Corp. 5.250%, 05/15/49		170,000		211,141
Banks—3.4%
ABN AMRO Bank NV 1.542%, 1Y H15 + 0.800%, 06/16/27 (144A) (c)		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. 4.400%, 05/19/26 (144A)		295,000		330,321
Banco Bilbao Vizcaya Argentaria S.A. 1.125%, 09/18/25		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 2.029%, 1Y H15 + 1.100%, 09/30/27 (144A) (c)		495,000		494,712
Bank of Montreal 3.803%, 5Y USD Swap + 1.432%, 12/15/32 (c)		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 3.750%, 07/21/26		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 3.875%, 5Y H15 + 2.862%, 05/16/27 (c)		200,000		193,980
Intesa Sanpaolo S.p.A. 4.700%, 09/23/49 (144A)† (b)		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 1.600%, 09/29/26 (144A)		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 4.000%, 5Y H15 + 3.202%, 05/15/26 (c)		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. 2.393%, SOFR + 2.100%, 06/02/28 (c)		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. 4.322%, 5Y USD ICE Swap + 2.236%, 11/23/31 (c)		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. 4.700%, 02/01/36		970,000		1,172,187
4.900%, 02/01/46		200,000		245,843
Anheuser-Busch InBev Finance, Inc. 4.700%, 02/01/36		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) 2.250%, 01/05/32		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. 3.150%, 08/01/29		270,000		288,727
5.250%, 11/15/48		25,000		32,746
Fomento Economico Mexicano S.A.B. de C.V. 3.500%, 01/16/50		236,000		246,910
Keurig Dr Pepper, Inc. 3.430%, 06/15/27		75,000		82,411
4.597%, 05/25/28		260,000		301,841
PepsiCo, Inc. 3.450%, 10/06/46		130,000		143,866
Pernod Ricard International Finance LLC 1.625%, 04/01/31 (144A)		360,000		339,829
				6,114,010
Biotechnology—0.2%
Amgen, Inc. 2.000%, 01/15/32		470,000		451,986
3.000%, 01/15/52		230,000		220,643
3.150%, 02/21/40		345,000		348,247
Biogen, Inc. 2.250%, 05/01/30		129,000		128,308
3.150%, 05/01/50		508,000		484,193
Gilead Sciences, Inc. 2.600%, 10/01/40		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. 1.750%, 09/15/30		690,000		656,416
Royalty Pharma plc 1.200%, 09/02/25		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. 1.700%, 08/01/27		160,000		158,823
Martin Marietta Materials, Inc. 3.450%, 06/01/27		100,000		108,898
Masco Corp. 2.000%, 10/01/30		50,000		48,337
6.500%, 08/15/32		150,000		198,239
				514,297
Chemicals—0.1%
Celanese U.S. Holdings LLC 3.500%, 05/08/24		139,000		148,134
Chemicals—(Continued)
CF Industries, Inc. 4.950%, 06/01/43		272,000		327,776
Dow Chemical Co. (The) 2.100%, 11/15/30 (b)		335,000		331,896
DuPont de Nemours, Inc. 5.319%, 11/15/38		60,000		77,320
Eastman Chemical Co. 4.500%, 12/01/28		150,000		172,798
International Flavors & Fragrances, Inc. 3.468%, 12/01/50 (144A)		55,000		57,721
LYB International Finance III LLC 3.625%, 04/01/51		225,000		236,530
Nutrien, Ltd. 4.200%, 04/01/29		50,000		56,942
5.000%, 04/01/49		75,000		98,569
				1,507,686
Commercial Services—0.2%
Ford Foundation (The) 2.815%, 06/01/70		55,000		54,476
Global Payments, Inc. 2.650%, 02/15/25		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. 4.250%, 05/01/29 (b)		354,000		403,425
4.750%, 08/01/28		235,000		275,150
Moody’s Corp. 2.550%, 08/18/60		130,000		113,781
Pepperdine University 3.301%, 12/01/59		180,000		186,339
Quanta Services, Inc. 2.350%, 01/15/32		115,000		112,523
2.900%, 10/01/30		180,000		186,197
S&P Global, Inc. 2.300%, 08/15/60		190,000		161,598
Triton Container International, Ltd. 1.150%, 06/07/24 (144A)		360,000		359,416
Trustees of Boston University 3.173%, 10/01/50		210,000		221,447
University of Chicago (The) 2.761%, 04/01/45		100,000		101,953
University of Southern California 3.226%, 10/01/2120		100,000		100,861
				3,271,014
Computers—0.2%
Apple, Inc. 2.375%, 02/08/41		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

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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. 2.300%, 09/14/31 (144A)		156,000	$	151,562
Dell International LLC / EMC Corp. 4.900%, 10/01/26		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. 2.300%, 02/15/31		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 1.750%, 01/30/26		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. 2.875%, 01/15/26		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 1.950%, 01/30/26 (144A)		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. 2.125%, 02/21/26 (144A)		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. 2.750%, 09/18/22 (144A)		220,000		223,384
Brookfield Finance, Inc. 4.850%, 03/29/29		137,000		161,257
Capital One Financial Corp. 3.950%, 5Y H15 + 3.157%, 09/01/26 (c)		241,000		248,230
Charles Schwab Corp. (The) 4.000%, 10Y H15 + 3.079%, 12/01/30 (c)		480,000		495,120
GE Capital Funding LLC 4.400%, 05/15/30		720,000		834,278
GE Capital International Funding Co. 4.418%, 11/15/35		1,305,000		1,566,068
GTP Acquisition Partners I LLC 3.482%, 06/15/50 (144A)		325,000		342,621
Mitsubishi HC Capital, Inc. 3.559%, 02/28/24 (144A)		200,000		211,186
Diversified Financial Services—(Continued)
Nomura Holdings, Inc. 1.851%, 07/16/25		295,000		299,390
2.648%, 01/16/25		375,000		390,625
Nuveen LLC 4.000%, 11/01/28 (144A)		100,000		113,525
Park Aerospace Holdings, Ltd. 4.500%, 03/15/23 (144A)		190,000		198,539
5.500%, 02/15/24 (144A)		95,000		103,668
Visa, Inc. 2.700%, 04/15/40		105,000		107,431
				10,516,100
Electric—1.3%
AEP Texas, Inc. 3.950%, 06/01/28		311,000		346,346
AEP Transmission Co. LLC 3.150%, 09/15/49		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 1.841%, 11/15/23 (144A)		1,030,000		1,049,803
Alliant Energy Finance LLC 1.400%, 03/15/26 (144A)		70,000		69,038
Ameren Corp. 1.750%, 03/15/28		100,000		98,004
3.500%, 01/15/31		268,000		291,420
Ameren Illinois Co. 4.500%, 03/15/49		225,000		286,069
Appalachian Power Co. 2.700%, 04/01/31		174,000		178,479
4.500%, 03/01/49		35,000		42,663
Arizona Public Service Co. 4.700%, 01/15/44		50,000		61,328
Ausgrid Finance Pty, Ltd. 3.850%, 05/01/23 (144A)		150,000		155,635
Baltimore Gas & Electric Co. 3.200%, 09/15/49		210,000		218,524
Berkshire Hathaway Energy Co. 2.850%, 05/15/51		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) 4.550%, 11/15/30 (144A)		60,000		69,959
CMS Energy Corp. 4.750%, 5Y H15 + 4.116%, 06/01/50 (c)		235,000		264,354
Commonwealth Edison Co. 3.700%, 03/01/45		128,000		144,248
Consolidated Edison Co. of New York, Inc. 4.650%, 12/01/48		150,000		185,589
Dominion Energy, Inc. 4.050%, 09/15/42		120,000		135,247
Duke Energy Carolinas LLC 2.550%, 04/15/31		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 2.750%, 04/01/50		120,000	$	114,772
3.750%, 05/15/46		585,000		648,796
Duke Energy Ohio, Inc. 4.300%, 02/01/49		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. 3.616%, 08/01/27 (144A)		754,000		808,764
Edison International 3.550%, 11/15/24		276,000		292,637
5.750%, 06/15/27		55,000		63,328
EDP Finance B.V. 1.710%, 01/24/28 (144A)		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. 2.400%, 06/15/31		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. 3.250%, 09/01/49		205,000		212,907
Evergy Metro, Inc. 2.250%, 06/01/30 (b)		160,000		161,295
Evergy, Inc. 2.900%, 09/15/29		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. 3.055%, 10/04/26		272,000		291,838
ITC Holdings Corp. 2.950%, 05/14/30 (144A)		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. 4.650%, 11/15/43		197,000		241,654
Electric—(Continued)
Metropolitan Edison Co. 4.000%, 04/15/25 (144A)		20,000		21,083
Mid-Atlantic Interstate Transmission LLC 4.100%, 05/15/28 (144A)		40,000		44,810
Monongahela Power Co. 3.550%, 05/15/27 (144A)		325,000		355,785
Narragansett Electric Co. (The) 3.395%, 04/09/30 (144A)		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. 0.703%, 05/26/23		60,000		60,005
Ohio Power Co. 2.900%, 10/01/51		215,000		207,747
Oklahoma Gas and Electric Co. 0.553%, 05/26/23		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. 4.800%, 10/15/43		105,000		132,868
Pennsylvania Electric Co. 3.600%, 06/01/29 (144A)		500,000		537,147
PPL Capital Funding, Inc. 2.797%, 3M LIBOR + 2.665%, 03/30/67 (c)		395,000		381,124
Public Service Co. of Colorado 4.300%, 03/15/44		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. 2.700%, 05/01/50		190,000		182,956
Puget Energy Inc. 2.379%, 06/15/28 (144A)		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. 5.150%, 09/15/41		125,000		152,786
Southwestern Electric Power Co. 3.900%, 04/01/45		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. 2.150%, 03/15/32		235,000		232,878
2.950%, 06/15/27		161,000		172,023
Virginia Electric and Power Co. 2.450%, 12/15/50		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. 3.875%, 01/12/28		123,000		132,862
Food—0.1%
Campbell Soup Co. 3.125%, 04/24/50		28,000		27,096
Conagra Brands, Inc. 5.400%, 11/01/48		65,000		86,305
Grupo Bimbo S.A.B. de C.V. 4.000%, 09/06/49 (144A)		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. 3.300%, 02/15/50		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. 4.125%, 03/15/49		145,000		168,501
Boston Gas Co. 3.001%, 08/01/29 (144A)		120,000		125,081
Brooklyn Union Gas Co. (The) 3.865%, 03/04/29 (144A)		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. 4.500%, 11/01/48		142,000		172,514
Southern California Gas Co. 4.450%, 03/15/44		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. 4.000%, 03/01/29		255,000		288,950
Thermo Fisher Scientific, Inc. 2.000%, 10/15/31		230,000		225,021
Zimmer Biomet Holdings, Inc. 4.450%, 08/15/45		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 2.928%, 07/15/50		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 3.304%, 11/01/49		230,000		244,544
Hartford HealthCare Corp. 3.447%, 07/01/54		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. 1.350%, 02/03/27		435,000		429,169
Memorial Health Services 3.447%, 11/01/49		210,000		233,118
MidMichigan Health 3.409%, 06/01/50		40,000		43,061
New York and Presbyterian Hospital (The) 2.256%, 08/01/40		230,000		214,959
NYU Langone Hospitals 3.380%, 07/01/55		90,000		93,856
Piedmont Healthcare, Inc. 2.864%, 01/01/52		95,000		92,305
Quest Diagnostics, Inc. 2.800%, 06/30/31		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. 2.496%, 07/01/50		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 4.704%, 01/10/36 (144A)		266,182		301,909
Hutchison Whampoa International 14, Ltd. 3.625%, 10/31/24 (144A)		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. 3.900%, 04/06/28 (144A) (b)		210,000		233,520
American Financial Group, Inc. 3.500%, 08/15/26		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 1.750%, 06/30/26 (144A)		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) 2.500%, 09/01/30		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. 4.600%, 11/09/22		150,000		155,937
Massachusetts Mutual Life Insurance Co. 5.077%, 3M LIBOR + 3.191%, 02/15/69 (144A) † (c)		195,000		240,924
Nationwide Mutual Insurance Co. 4.350%, 04/30/50 (144A)		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 1.700%, 06/01/28 (144A)		85,000		85,297
Northwestern Mutual Life Insurance Co. (The) 3.850%, 09/30/47 (144A)		220,000		251,026
Pacific Life Insurance Co. 4.300%, 3M LIBOR + 2.796%, 10/24/67 (144A) (c)		97,000		110,202
Prudential Financial, Inc. 3.905%, 12/07/47		65,000		75,353
Prudential Insurance Co. of America (The) 8.300%, 07/01/25 (144A)		250,000		308,809
Swiss Re Finance Luxembourg S.A. 5.000%, 5Y H15 + 3.582%, 04/02/49 (144A) (c)		400,000		458,576
Teachers Insurance & Annuity Association of America 4.270%, 05/15/47 (144A)		100,000		120,831
				4,877,737
Internet—0.1%
Alphabet, Inc. 1.900%, 08/15/40		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. 2.700%, 06/15/31		250,000		254,085
				1,178,752
Iron/Steel—0.0%
Steel Dynamics, Inc. 3.450%, 04/15/30		154,000		165,611
Vale Overseas, Ltd. 3.750%, 07/08/30 (b)		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. 2.565%, 02/15/30		235,000		241,253
Rockwell Automation, Inc. 2.800%, 08/15/61		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. 4.375%, 03/15/43		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) 3.500%, 05/13/40		255,000		281,523
				7,448,921
Metal Fabricate/Hardware—0.0%
Precision Castparts Corp. 4.200%, 06/15/35		60,000		71,070
Mining—0.1%
Anglo American Capital plc 2.875%, 03/17/31 (144A)		200,000		200,680
Glencore Finance Canada, Ltd. 5.550%, 10/25/42 (144A)		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. 5.800%, 03/15/37		100,000		126,900
General Electric Co. 3.450%, 05/01/27		85,000		93,224
Siemens Financieringsmaatschappij NV 4.400%, 05/27/45 (144A)		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. 2.978%, 05/11/40		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. 3.900%, 05/15/27		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. 4.500%, 01/15/30 (144A)		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. 7.300%, 11/15/27		100,000		129,771
Equinor ASA 2.375%, 05/22/30		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. 5.600%, 02/15/41 (b)		130,000		162,429
HollyFrontier Corp. 2.625%, 10/01/23		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 6.500%, 03/13/27		200,000		211,222
Phillips 66 2.150%, 12/15/30		300,000		292,681
Pioneer Natural Resources Co. 1.900%, 08/15/30		370,000		354,014
Santos Finance, Ltd. 3.649%, 04/29/31 (144A)		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. 5.350%, 07/15/33		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 5.125%, 09/15/40		25,000		31,895
Halliburton Co. 3.800%, 11/15/25 (b)		6,000		6,571
Schlumberger Holdings Corp. 3.900%, 05/17/28 (144A)		109,000		120,155
				616,222
Packaging & Containers—0.0%
Graphic Packaging International LLC 1.512%, 04/15/26 (144A)		115,000		114,946
Packaging Corp. of America 4.050%, 12/15/49		135,000		156,966
				271,912
Pharmaceuticals—0.6%
AbbVie, Inc. 3.200%, 11/21/29		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 1.375%, 08/06/30 (b)		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 4.375%, 12/15/28 (144A)		245,000		277,382
Becton Dickinson and Co. 1.957%, 02/11/31		160,000		155,601
Bristol-Myers Squibb Co. 2.350%, 11/13/40		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. 2.400%, 03/15/30		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. 1.750%, 08/21/30		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 5.880%, 01/10/28		301,693		349,304
8.353%, 07/10/31 (144A)		131,384		170,918
Eli Lilly and Co. 2.250%, 05/15/50		450,000		406,799
Johnson & Johnson 2.250%, 09/01/50		80,000		73,968
3.400%, 01/15/38		223,000		250,448
Merck & Co., Inc. 2.350%, 06/24/40		65,000		61,871
Novartis Capital Corp. 2.750%, 08/14/50		115,000		115,731
Pfizer, Inc. 2.700%, 05/28/50		230,000		226,242
Shire Acquisitions Investments Ireland DAC 3.200%, 09/23/26		398,000		429,309
Takeda Pharmaceutical Co., Ltd. 3.025%, 07/09/40		945,000		959,460
3.175%, 07/09/50		200,000		202,675
5.000%, 11/26/28		200,000		238,942
Zoetis, Inc. 2.000%, 05/15/30		140,000		138,703
3.900%, 08/20/28		210,000		235,980
				12,341,403
Pipelines—0.5%
Boardwalk Pipelines L.P. 4.450%, 07/15/27		34,000		38,321
4.800%, 05/03/29		65,000		74,419
Cameron LNG LLC 3.701%, 01/15/39 (144A)		163,000		180,355
Cheniere Corpus Christi Holdings LLC 2.742%, 12/31/39 (144A)		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. 4.150%, 09/15/29		340,000		368,531
4.400%, 03/15/27		70,000		77,549
4.950%, 05/15/28		80,000		89,866
Enbridge, Inc. 2.500%, 08/01/33		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 4.250%, 02/15/48		285,000		322,809
4.950%, 10/15/54		33,000		41,525
Flex Intermediate Holdco LLC 3.363%, 06/30/31 (144A)		385,000		390,541
4.317%, 12/30/39 (144A)		60,000		62,013
Gray Oak Pipeline LLC 2.000%, 09/15/23 (144A)		110,000		112,105
3.450%, 10/15/27 (144A)		220,000		231,897
Kinder Morgan Energy Partners L.P. 5.000%, 08/15/42		170,000		200,247
Kinder Morgan, Inc. 5.050%, 02/15/46		80,000		96,735
5.300%, 12/01/34		305,000		376,422
MPLX L.P. 4.500%, 04/15/38		431,000		481,141
Northern Natural Gas Co. 3.400%, 10/16/51 (144A)		100,000		101,857
ONEOK Partners L.P. 5.000%, 09/15/23		70,000		74,900
6.650%, 10/01/36		140,000		187,841
Phillips 66 Partners L.P. 3.150%, 12/15/29		40,000		41,806
4.900%, 10/01/46		80,000		94,966
Plains All American Pipeline L.P. / PAA Finance Corp. 3.550%, 12/15/29		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 4.200%, 03/15/28		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 4.800%, 03/15/47 (144A)		102,000		124,276
8.000%, 03/01/32		70,000		99,042
Texas Eastern Transmission L.P. 3.500%, 01/15/28 (144A)		45,000		48,675
TransCanada PipeLines, Ltd. 4.625%, 03/01/34		355,000		418,166
Transcanada Trust 5.500%, SOFR + 4.416%, 09/15/79 (c)		298,000		328,545
Williams Cos., Inc. (The) 4.900%, 01/15/45		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 3.875%, 03/20/27 (144A)		243,000		268,314
Real Estate Investment Trusts—0.5%
Alexandria Real Estate Equities, Inc. 3.800%, 04/15/26		23,000		25,356
4.000%, 02/01/50		111,000		128,490
American Campus Communities Operating Partnership L.P. 3.625%, 11/15/27		150,000		163,763
American Tower Corp. 1.500%, 01/31/28		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 3.652%, 03/15/48 (144A)		160,000		170,508
Boston Properties L.P. 4.500%, 12/01/28		100,000		115,156
Brixmor Operating Partnership L.P. 2.250%, 04/01/28		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. 1.650%, 01/15/31		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. 3.375%, 05/01/31 (b)		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. 4.250%, 08/01/31 (b)		121,000		122,544
O’Reilly Automotive, Inc. 3.550%, 03/15/26		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. 3.875%, 01/15/27		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. 3.050%, 08/12/51 (b)		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. 4.375%, 10/15/29		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. 2.375%, 06/01/30		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. 1.250%, 03/01/26		40,000		39,347
Electronic Arts, Inc. 1.850%, 02/15/31		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. 2.900%, 07/15/51		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 (Cost $248,881,619)				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 1.910%, 1Y H15 + 1.838%, 08/20/71 (c)		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 2.000%, TBA (e)		140,000		144,184
Uniform Mortgage-Backed Securities 30 Yr. Pool 2.500%, TBA (e)		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 (Cost $98,281,601)				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) (Cost $68,676,053)		601,916	$	66,246,875
Convertible Preferred Stocks—1.8%
Banks—0.2%
Bank of America Corp. 7.250%		2,791		4,025,794
Capital Markets—0.3%
KKR & Co., Inc. 6.000%, 09/15/23		65,956		5,211,184
Diversified Financial Services—0.2%
AMG Capital Trust II 5.150%, 10/15/37		75,767		4,508,136
Healthcare-Products—0.7%
Danaher Corp. 5.000%, 04/15/23 (b)		8,716		14,140,577
Machinery—0.4%
Stanley Black & Decker, Inc. 5.250%, 11/15/22 (b)		81,463		8,573,166
Total Convertible Preferred Stocks (Cost $35,485,482)				36,458,857
Asset-Backed Securities—1.0%
Asset-Backed - Automobile—0.3%
Avis Budget Rental Car Funding AESOP LLC 4.000%, 03/20/25 (144A)		500,000		535,808
Carmax Auto Owner Trust 3.360%, 09/15/23		68,550		69,293
Credit Acceptance Auto Loan Trust 2.390%, 04/16/29 (144A)		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 3.110%, 08/15/25 (144A)		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 3.240%, 04/15/23		56,086		56,378
Asset-Backed - Automobile—(Continued)
Sonoran Auto Receivables Trust 4.750%, 06/15/25		308,664		308,664
Tricolor Auto Securitization Trust 4.875%, 11/15/26 (144A)		232,192		234,250
U.S. Auto Funding LLC 3.990%, 12/15/22 (144A)		131,732		132,245
				5,581,144
Asset-Backed - Credit Card—0.0%
World Financial Network Credit Card Master Trust 3.140%, 12/15/25		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 3.218%, 04/17/37 (144A)		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 4.440%, 02/02/34 (144A)		393,663		410,845
Cars Net Lease Mortgage Notes 3.100%, 12/15/50 (144A)		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 2.668%, 10/19/37 (144A)		650,000		658,832
Foundation Finance Trust 3.860%, 11/15/34 (144A)		110,610		113,841
Legacy Mortgage Asset Trust 3.200%, 05/25/59 (144A) (f)		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 1.750%, 01/15/29 (144A)		550,000		550,226
NRZ Excess Spread-Collateralized Notes 3.844%, 12/25/25 (144A)		385,257		389,340
Octane Receivables Trust 3.160%, 09/20/23 (144A)		138,591		139,472
Orange Lake Timeshare Trust 3.610%, 04/09/38 (144A)		462,659		476,131
Pretium Mortgage Credit Partners LLC 2.240%, 09/27/60 (144A) (f)		474,703		474,799
Progress Residential Trust 4.466%, 08/17/35 (144A)		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 3.430%, 11/15/28 (144A)		760,000	$	770,925
Republic Finance Issuance Trust 3.430%, 11/22/27 (144A)		880,000		887,483
Sierra Timeshare Receivables Funding LLC 2.750%, 08/20/36 (144A)		380,224		386,175
3.120%, 05/20/36 (144A)		208,792		213,290
Theorem Funding Trust 1.210%, 12/15/27 (144A)		581,144		581,530
Tricon American Homes Trust 2.716%, 09/17/34 (144A)		197,720		197,596
3.198%, 03/17/38 (144A)		525,000		539,480
Verizon Owner Trust 3.230%, 04/20/23		23,568		23,656
VM DEBT LLC 7.500%, 06/15/24		500,000		500,000
VOLT CI LLC 1.992%, 05/25/51 (144A) (f)		253,149		253,462
VOLT LLC 2.240%, 04/25/51 (144A) (f)		325,086		325,132
				14,951,926
Total Asset-Backed Securities (Cost $20,519,826)				20,912,199
Mortgage-Backed Securities—0.7%
Collateralized Mortgage Obligations—0.4%
BVRT Financing Trust 3.152%, 11/10/22 (144A)† (g) (h)		387,614		387,614
FMC GMSR Issuer Trust 3.620%, 07/25/26 (144A) (c)		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 3.967%, 06/25/24 (144A) (f)		9,981		9,999
LHOME Mortgage Trust 3.228%, 10/25/24 (144A)		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 3.500%, 03/25/58		844,827		885,347
3.500%, 07/25/58		500,137		532,809
Seasoned Loans Structured Transaction 3.500%, 11/25/28		1,228,919		1,296,472
Toorak Mortgage Corp. 3.721%, 09/25/22 (f)		430,000		432,247
Towd Point Mortgage Trust 2.918%, 11/30/60 (144A) (c)		591,441		602,918
TVC Mortgage Trust 3.474%, 09/25/24 (144A)		820,000		825,379
				8,263,860
Commercial Mortgage-Backed Securities—0.3%
Commercial Mortgage Trust 2.896%, 02/10/37 (144A)		650,000	$	673,049
3.402%, 02/10/37 (144A)		420,000		427,391
CSMC Trust 3.953%, 09/15/37 (144A)		210,000		225,254
FREMF Mortgage Trust 3.652%, 12/25/51 (144A) (c)		500,000		534,508
GS Mortgage Securities Trust 3.932%, 10/10/35 (144A) (c)		440,000		470,587
MRCD Mortgage Trust 2.718%, 12/15/36 (144A)		1,420,000		1,458,139
One Lincon Street Commercial Mortgage 5.724%, 10/15/30 (144A) (c)		1,200,000		1,313,663
SBALR Commercial Mortgage Trust 2.825%, 02/13/53 (144A)		810,000		834,442
SLG Office Trust 2.585%, 07/15/41 (144A)		390,000		403,125
				6,340,158
Total Mortgage-Backed Securities (Cost $14,292,200)				14,604,018
Preferred Stock—0.3%
Automobiles—0.3%
Volkswagen AG (Cost $5,022,117)		23,205		5,198,260
Foreign Government—0.0%
Sovereign—0.0%
Mexico Government International Bond 4.280%, 08/14/41 (Cost $199,878)		200,000		204,060
Rights—0.0%
Multi-Utilities—0.0%
Veolia Environnement S.A., Expires 10/01/21 (a) (Cost $0)		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. Repurchase Agreement dated 09/30/21 at 0.000%, due on 10/01/21 with a maturity value of $257,947,993; collateralized by U.S. Treasury Note at 1.250%, maturing 06/30/28, with a market value of $263,107,021.		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 (Cost $298,321,911)				298,321,885
Securities Lending Reinvestments (k)—5.4%
Certificates of Deposit—0.8%
Barclays Bank plc 0.180%, 04/07/22		3,000,000		3,001,731
Goldman Sachs Bank USA 0.170%, 02/04/22		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. 0.150%, 01/11/22		2,000,000		2,000,056
Oversea-Chinese Banking Corp., Ltd. 0.152%, 3M LIBOR + 0.020%, 03/25/22 (c)		2,000,000		2,000,108
Royal Bank of Canada New York 0.185%, 3M LIBOR + 0.040%, 10/05/21 (c)		1,000,000		1,000,011
Standard Chartered Bank (NY) 0.170%, 03/28/22		2,000,000		2,000,000
Sumitomo Mitsui Banking Corp. 0.142%, 1M LIBOR + 0.060%, 12/17/21 (c)		2,000,000		2,000,048
				17,002,074
Commercial Paper—0.1%
Bedford Row Funding Corp. 0.214%, 3M LIBOR + 0.080%, 10/21/21 (c)		1,000,000		1,000,061
UBS AG 0.240%, 03/30/22		1,000,000		999,073
				1,999,134
Repurchase Agreements—2.6%
Barclays Bank plc Repurchase Agreement dated 09/30/21 at 0.350%, due on 11/04/21 with a maturity value of $1,000,340; collateralized by various Common Stock with an aggregate market value of $1,111,338.		1,000,000		1,000,000
Barclays Capital, Inc. Repurchase Agreement dated 09/30/21 at 0.040%, due on 10/01/21 with a maturity value of $15,762,010; collateralized by U.S. Treasury Obligations with rates ranging from 0.000% - 3.625%, maturity dates ranging from 01/15/22 - 02/15/50, and an aggregate market value of $16,077,233.		15,761,993		15,761,993
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
Repurchase Agreements—(Continued)
Cantor Fitzgerald & Co. Repurchase Agreement dated 09/30/21 at 0.055%, due on 10/01/21 with a maturity value of $2,000,003; collateralized by U.S. Treasury and U.S. Government Agency Obligations with rates ranging from 0.000% - 5.500%, maturity dates ranging from 11/01/26 - 07/20/71, and an aggregate market value of $2,040,000.		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 Repurchase Agreement dated 09/30/21 at 0.150%, due on 10/01/21 with a maturity value of $1,000,004; 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 $1,020,004.		1,000,000		1,000,000
National Bank of Canada Repurchase Agreement dated 09/30/21 at 0.200%, due on 10/07/21 with a maturity value of $8,000,311; collateralized by various Common Stock with an aggregate market value of $8,890,080.		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/ Principal Amount*		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 0.070%, 10/01/21		2,000,000		2,000,000
First Abu Dhabi Bank USA NV 0.060%, 10/01/21		2,000,000		2,000,000
Landesbank Baden-Wuettertemberg (London) 0.130%, 10/01/21		900,000		900,000
National Bank of Canada 0.120%, OBFR + 0.050%, 10/07/21 (c)		5,000,000		5,000,000
Skandi New York 0.050%, 10/01/21		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 (Cost $110,800,430)				110,803,038
Total Investments— 103.6% (Cost $1,907,195,252)				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	Floating Rate Index	Payment Frequency		Fixed Rate	Payment Frequency	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 (Cost $421,420,942)				511,311,784
Short-Term Investment—1.3%
Repurchase Agreement—1.3%
Fixed Income Clearing Corp. Repurchase Agreement dated 09/30/21 at 0.000%, due on 10/01/21 with a maturity value of $6,892,252; collateralized by U.S. Treasury Note at 1.250%, maturing 06/30/28, with a market value of $7,030,148.		6,892,252		6,892,252
Total Short-Term Investments (Cost $6,892,252)				6,892,252
Securities Lending Reinvestments (c)—7.0%
Certificate of Deposit—0.2%
Sumitomo Mitsui Trust Bank, Ltd. 0.060%, 10/05/21		1,000,000		999,994
Commercial Paper—0.2%
UBS AG 0.240%, 03/30/22		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. Repurchase Agreement dated 09/30/21 at 0.040%, due on 10/01/21 with a maturity value of $5,142,124; collateralized by U.S. Treasury Obligations with rates ranging from 0.000% - 3.625%, maturity dates ranging from 01/15/22 - 02/15/50, and an aggregate market value of $5,244,961.		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. Repurchase Agreement dated 09/30/21 at 0.055%, due on 10/01/21 with a maturity value of $1,000,002; collateralized by U.S. Treasury and U.S. Government Agency Obligations with rates ranging from 0.000% - 5.500%, maturity dates ranging from 11/01/26 - 07/20/71, and an aggregate market value of $1,020,000.		1,000,000	$	1,000,000
Citigroup Global Markets, Inc. Repurchase Agreement dated 09/30/21 at 0.420%, due on 11/04/21 with a maturity value of $500,204; collateralized by various Common Stock with an aggregate market value of $550,000.		500,000		500,000
Deutsche Bank AG, London Repurchase Agreement dated 09/30/21 at 0.150%, due on 10/01/21 with a maturity value of $500,002; 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 $510,002.		500,000		500,000
ING Financial Markets LLC Repurchase Agreement dated 09/30/21 at 0.040%, due on 10/01/21 with a maturity value of $5,000,006; collateralized by U.S. Treasury and Foreign Obligations with rates ranging from 0.065% - 6.625%, maturity dates ranging from 10/12/21 - 01/04/35, and an aggregate market value of $5,100,001.		5,000,000		5,000,000
National Bank of Canada Repurchase Agreement dated 09/30/21 at 0.200%, due on 10/07/21 with a maturity value of $5,000,194; collateralized by various Common Stock with an aggregate market value of $5,556,300.		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 0.060%, 10/01/21		1,000,000		1,000,000
Landesbank Baden-Wuettertemberg (London) 0.130%, 10/01/21		300,000		300,000
National Bank of Canada 0.120%, OBFR + 0.050%, 10/07/21 (d)		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  0.030% (e)		500,000		500,000
				3,500,000
Total Securities Lending Reinvestments (Cost $36,479,942)				36,480,209
Total Investments—107.0% (Cost $464,793,136)				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 (Cost $220,061,904)				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. 5.050%, 06/15/25		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. 3.750%, 03/01/25 (144A) (b)		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. 11.750%, 07/15/25 (144A)		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 Assets, Ltd. 6.500%, 06/20/27 (144A)		285,000		309,915
U.S. Airways Pass-Through Trust 5.900%, 10/01/24		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. 4.750%, 10/01/27 (144A)		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. 6.625%, 10/01/28		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. 3.250%, 11/07/23 (CAD)		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. 3.750%, 03/05/23 (144A)		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 1.125%, 09/16/24 (144A)		250,000		249,530
Toyota Motor Corp. 2.362%, 03/25/31		305,000		315,380
				3,927,024
Auto Parts & Equipment—0.0%
Aptiv plc 1.600%, 09/15/28 (EUR)		100,000		123,912
Banks—2.6%
ANZ New Zealand International Ltd. 1.250%, 06/22/26 (144A)		375,000		373,382
Banco Bilbao Vizcaya Argentaria S.A. 0.750%, 09/11/22 (EUR)		400,000		468,386
Banco Bradesco S.A. 2.850%, 01/27/23 (144A)		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. 0.523%, SOFR + 0.410%, 06/14/24 (c)		255,000		254,892
Bank of Montreal 0.949%, SOFR + 0.603%, 01/22/27 (c)		500,000		492,217
Bank of New Zealand 1.000%, 03/03/26 (144A)		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 3.650%, 03/16/25		225,000		241,775
BNP Paribas S.A. 4.625%, 03/13/27 (144A)		355,000		398,804
Cooperative Rabobank UA 4.375%, 08/04/25		350,000		388,020
Credit Agricole S.A. 3.250%, 10/04/24 (144A)		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 1.535%, 1Y H15 + 0.720%, 05/25/27 (144A) (c)		410,000	$	410,187
Goldman Sachs Group, Inc. 0.657%, SOFR + 0.505%, 09/10/24 (c)		255,000		255,042
Industrial & Commercial Bank of China, Ltd. 2.957%, 11/08/22		250,000		255,815
ING Groep NV 1.400%, 1Y H15 + 1.100%, 07/01/26 (144A) (c)		205,000		205,522
Itau Unibanco Holding S.A. 2.900%, 01/24/23 (144A)		200,000		203,002
Kookmin Bank 1.375%, 05/06/26 (144A)		315,000		314,332
Kreditanstalt fuer Wiederaufbau 1.250%, 08/28/23 (NOK)		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. 1.629%, SOFR + 0.910%, 09/23/27 (144A) (c)		425,000		422,926
Mizuho Financial Group, Inc. 2.564%, 09/13/31		205,000		202,110
NatWest Markets plc 0.800%, 08/12/24 (144A)		200,000		199,578
Nordea Bank Abp 0.750%, 08/28/25 (144A)		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. 3.450%, 06/02/25		100,000		107,075
Societe Generale S.A. 4.750%, 11/24/25 (144A)		260,000		288,536
Standard Chartered plc 3.125%, 11/19/24 (EUR)		250,000		316,568
Sumitomo Mitsui Financial Group, Inc. 1.402%, 09/17/26		310,000		307,459
TC Ziraat Bankasi AS 5.375%, 03/02/26 (144A)		250,000		242,560
Toronto-Dominion Bank (The) 3.500%, 07/19/23		335,000		353,899
UniCredit S.p.A. 7.296%, 5Y USD ICE Swap + 4.914%, 04/02/34 (144A) (c)		325,000		394,007
Westpac Banking Corp. 2.650%, 01/16/30		400,000		425,409
				12,866,310
Beverages—0.1%
Anheuser-Busch InBev S.A. 2.000%, 01/23/35 (EUR)		345,000		441,571
Diageo Capital plc 2.125%, 04/29/32		200,000		198,872
				640,443
Building Materials—0.3%
Cemex S.A.B. de C.V. 3.875%, 07/11/31 (144A)		400,000		400,240
JELD-WEN, Inc. 4.625%, 12/15/25 (144A)		975,000		989,946
Masco Corp. 6.500%, 08/15/32		8,000		10,573
7.750%, 08/01/29		94,000		126,508
				1,527,267
Chemicals—0.3%
Ashland LLC 3.375%, 09/01/31 (144A)		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. 3.250%, 10/15/24 (144A)		200,000		213,523
Minerals Technologies, Inc. 5.000%, 07/01/28 (144A)		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 1.875%, 03/06/26 (EUR)		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. 3.500%, 06/01/31 (144A)		55,000		56,415
TriNet Group, Inc. 3.500%, 03/01/29 (144A)		85,000		85,212
				1,115,956
Cosmetics/Personal Care—0.0%
Avon Products, Inc. 8.450%, 03/15/43		40,000		50,600
Diversified Financial Services—1.0%
Aircastle, Ltd. 5.250%, 5Y H15 + 4.410%, 06/15/26 (144A) (c)		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. 6.000%, 08/15/23 (144A)		255,000		275,865
BOC Aviation, Ltd. 2.750%, 09/18/22 (144A)		210,000		213,230
Brookfield Finance I UK plc 2.340%, 01/30/32		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. 3.900%, 01/25/28		185,000	$	205,240
Nationstar Mortgage Holdings, Inc. 5.500%, 08/15/28 (144A)		130,000		133,900
Navient Corp. 5.625%, 08/01/33		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. 3.950%, 04/23/30 (144A)		200,000		204,318
Rocket Mortgage LLC 5.250%, 01/15/28 (144A)		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) 3.950%, 07/15/30 (144A)		20,000		21,992
Colbun S.A. 3.150%, 03/06/30		295,000		303,113
Edison International 4.950%, 04/15/25		20,000		22,021
EDP Finance B.V. 1.710%, 01/24/28 (144A)		205,000		201,467
Empresas Publicas de Medellin E.S.P. 4.250%, 07/18/29 (144A)		200,000		199,150
Enel Chile S.A. 4.875%, 06/12/28		110,000		125,950
Engie Energia Chile S.A. 3.400%, 01/28/30		305,000		313,387
Engie S.A. 1.250%, 10/24/41 (EUR)		200,000		233,924
Korea East-West Power Co., Ltd. 1.750%, 05/06/25 (144A)		200,000		203,328
Naturgy Finance B.V. 1.500%, 01/29/28 (EUR)		200,000		248,754
NRG Energy, Inc. 3.625%, 02/15/31 (144A)		80,000		78,580
Orsted AS 2.125%, 05/17/27 (GBP)		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. 4.250%, 01/14/25 (144A)		460,000		499,680
				3,039,928
Energy-Alternate Sources—0.0%
Aydem Yenilenebilir Enerji AS 7.750%, 02/02/27 (144A)		210,000		204,540
Engineering & Construction—0.1%
Cellnex Telecom S.A. 1.750%, 10/23/30 (EUR)		400,000		456,228
Sydney Airport Finance Co. Pty, Ltd. 3.375%, 04/30/25 (144A)		40,000		42,438
TopBuild Corp. 4.125%, 02/15/32 (144A)		40,000		40,400
				539,066
Entertainment—0.1%
Everi Holdings, Inc. 5.000%, 07/15/29 (144A) (b)		10,000		10,247
Penn National Gaming, Inc. 4.125%, 07/01/29 (144A)		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. 4.875%, 01/24/30		365,000		365,456
Fonterra Co-operative Group, Ltd. 5.500%, 02/26/24 (AUD)		500,000		403,300
JBS USA LUX S.A. / JBS USA Food Co. / JBS USA Finance, Inc. 3.750%, 12/01/31 (144A)		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. 3.500%, 03/01/32 (144A)		100,000		101,688
Sigma Alimentos S.A. de C.V. 4.125%, 05/02/26		200,000		218,406
				1,725,445
Forest Products & Paper—0.2%
Celulosa Arauco y Constitucion S.A. 4.500%, 08/01/24		200,000		216,246
Inversiones CMPC S.A. 4.375%, 05/15/23 (144A)		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. 0.750%, 09/18/31 (EUR)		140,000		163,141
Medtronic Global Holdings Co. 1.125%, 03/07/27 (EUR)		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. 3.125%, 02/15/29 (144A)		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. 6.875%, 11/15/31		130,000		149,175
				614,073
Holding Companies-Diversified—0.1%
CK Hutchison International 19, Ltd. 3.625%, 04/11/29 (144A)		225,000		246,150
Home Builders—0.0%
Beazer Homes USA, Inc. 7.250%, 10/15/29		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 1.608%, 06/29/26 (144A)		100,000		99,928
				819,661
Internet—1.0%
Alibaba Group Holding, Ltd. 3.400%, 12/06/27		240,000		257,065
Baidu, Inc. 3.875%, 09/29/23		200,000		211,176
Expedia Group, Inc. 2.950%, 03/15/31		400,000		404,224
Go Daddy Operating Co. LLC / GD Finance Co., Inc. 3.500%, 03/01/29 (144A)		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. 3.500%, 07/05/24		200,000		208,344
				4,687,014
Investment Companies—0.5%
Icahn Enterprises L.P. / Icahn Enterprises Finance Corp. 4.375%, 02/01/29		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. 6.750%, 03/01/41		95,000		130,566
Leisure Time—0.3%
Carnival Corp. 5.750%, 03/01/27 (144A)		500,000		516,875
NCL Corp., Ltd. 5.875%, 03/15/26 (144A)		425,000		435,625
NCL Finance, Ltd. 6.125%, 03/15/28 (144A)		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 Vacations Borrower ESC
4.875%, 07/01/31 (144A)		65,000		65,244
5.000%, 06/01/29 (144A)		50,000		51,000
Marriott Ownership Resorts, Inc. 4.500%, 06/15/29 (144A)		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. 0.450%, 06/07/24		125,000		124,644
Media—0.9%
AMC Networks, Inc. 4.250%, 02/15/29 (b)		45,000		44,775
Cable Onda S.A. 4.500%, 01/30/30 (144A)		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 Operating Capital Corp.
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. 5.125%, 08/15/27 (144A)		130,000	$	134,525
CSC Holdings LLC 5.375%, 02/01/28 (144A)		200,000		209,000
DIRECTV Holdings LLC / DIRECTV Financing Co., Inc. 5.875%, 08/15/27 (144A)		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. 7.250%, 05/14/43 (MXN)		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. 5.125%, 04/15/27 (144A)		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 3.000%, 09/30/29 (144A)		285,000		291,241
FMG Resources Pty, Ltd. 4.375%, 04/01/31 (144A)		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 1.625%, 09/01/25 (144A)		410,000		411,350
Novelis Corp. 4.750%, 01/30/30 (144A)		50,000		52,635
				2,899,757
Multi-National—0.3%
International Bank for Reconstruction & Development 1.200%, 07/22/26 (CAD)		1,315,000		1,031,527
Nordic Investment Bank 1.500%, 03/13/25 (NOK)		4,930,000		564,708
				1,596,235
Oil & Gas—0.8%
BP Capital Markets America, Inc. 3.216%, 11/28/23		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. 5.000%, 03/14/23 (144A)		200,000		199,500
Oil & Gas—(Continued)
Ecopetrol S.A. 5.875%, 05/28/45		325,000		328,250
Empresa Nacional del Petroleo 3.450%, 09/16/31 (144A) (b)		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 3.625%, 04/06/40		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. 5.999%, 01/27/28		315,000		355,320
Petroleos Mexicanos 5.950%, 01/28/31		450,000		436,230
Qatar Petroleum 2.250%, 07/12/31 (144A)		305,000		302,072
Raizen Fuels Finance S.A. 5.300%, 01/20/27 (144A)		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. 3.625%, 01/23/23 (144A)		350,000		359,878
				4,100,529
Packaging & Containers—0.0%
Silgan Holdings, Inc. 3.250%, 03/15/25 (EUR)		100,000		116,758
Pharmaceuticals—0.5%
Teva Pharmaceutical Finance Co. LLC 6.150%, 02/01/36		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 3.650%, 11/02/29		385,000		427,831
Enbridge Energy Partners L.P. 7.375%, 10/15/45 (b)		90,000		141,922
Enbridge, Inc. 2.900%, 07/15/22		125,000		127,224
EnLink Midstream Partners L.P. 5.450%, 06/01/47		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. 4.250%, 02/15/30 (144A)		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. 3.400%, 09/30/26 (144A)		215,000		232,670
Shimao Group Holdings, Ltd. 3.450%, 01/11/31		285,000		253,770
Sunac China Holdings, Ltd. 5.950%, 04/26/24		225,000		177,300
				1,167,704
Real Estate Investment Trusts—0.2%
Iron Mountain, Inc. 4.875%, 09/15/29 (144A)		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. 2.250%, 06/30/29 (GBP)		135,000		190,726
Realty Income Corp. 1.625%, 12/15/30 (GBP)		125,000		165,124
SBA Communications Corp. 3.125%, 02/01/29 (144A)		155,000		149,769
				1,135,623
Retail—0.1%
1011778 BC ULC / New Red Finance, Inc. 4.000%, 10/15/30 (144A)		80,000		79,200
Carvana Co. 5.500%, 04/15/27 (144A)		180,000		183,726
Lithia Motors, Inc. 3.875%, 06/01/29 (144A)		35,000		36,329
Yum! Brands, Inc. 4.625%, 01/31/32		175,000		186,812
				486,067
Semiconductors—0.1%
Broadcom, Inc. 3.187%, 11/15/36 (144A)		85,000		84,753
SK Hynix, Inc. 2.375%, 01/19/31 (144A)		300,000		291,186
Skyworks Solutions, Inc. 1.800%, 06/01/26 (b)		15,000		15,199
				391,138
Software—0.0%
MSCI, Inc. 3.250%, 08/15/33 (144A)		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. 3.250%, 06/03/31		305,000		306,642
Cincinnati Bell, Inc. 8.000%, 10/15/25 (144A)		15,000		15,633
CommScope Technologies LLC 5.000%, 03/15/27 (144A) (b)		580,000		551,673
CommScope, Inc. 4.750%, 09/01/29 (144A)		730,000		729,087
KT Corp. 2.500%, 07/18/26 (144A) (b)		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. 2.625%, 04/08/31 (144A)		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 6.875%, 02/28/25		360,000		389,268
Turkcell Iletisim Hizmetleri AS 5.800%, 04/11/28		215,000		228,179
Verizon Communications, Inc. 2.850%, 09/03/41		40,000		39,039
				6,081,311
Total Corporate Bonds & Notes (Cost $70,698,914)				73,952,159
Foreign Government—9.2%
Banks—0.1%
Corp. Financiera de Desarrollo S.A. 2.400%, 09/28/27 (144A)		365,000		361,719
Gas—0.1%
Korea Gas Corp. 2.750%, 07/20/22 (144A)		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. 2.000%, 03/08/33 (AUD)		1,480,000	$	1,069,089
Province of Quebec Canada 2.300%, 09/01/29 (CAD)		310,000		253,499
				1,322,588
Sovereign—8.7%
Australia Government Bond 5.500%, 04/21/23 (AUD)		950,000		744,814
Brazil Notas do Tesouro Nacional 10.000%, 01/01/31 (BRL)		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 2.550%, 01/27/32		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 3.875%, 04/25/27		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 1.800%, 09/01/22 (CAD)		250,000		199,972
Export-Import Bank of India 2.250%, 01/13/31 (144A)		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 4.250%, 10/25/23 (EUR)		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 1.000%, 03/31/30 (ILS)		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 0.500%, 03/20/49 (JPY)		335,000,000		2,911,230
Japanese Government CPI Linked Bond 0.100%, 03/10/28 (JPY) (d)		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 3.480%, 03/15/23 (MYR)		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 6.125%, 09/28/28 (144A)		200,000		200,552
Norway Government Bond 2.000%, 05/24/23 (144A) (NOK)		1,477,000		172,153
Paraguay Government International Bond 4.950%, 04/28/31 (144A)		200,000		225,600
Peruvian Government International Bond 2.392%, 01/23/26		125,000		127,540
Republic of Italy Government International Bond 2.375%, 10/17/24		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 5.750%, 09/30/49		965,000		919,163
Romania Government Bond 4.150%, 10/24/30 (RON)		3,345,000		780,937
Romanian Government International Bond 2.000%, 04/14/33 (144A) (EUR)		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 0.125%, 05/12/31 (144A) (SEK)		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 4.750%, 01/22/24 (GBP)		235,000		346,691
Total Foreign Government (Cost $45,863,169)				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 (Cost $19,072,317)				19,354,855
Convertible Bonds—2.0%
Airlines—0.2%
JetBlue Airways Corp. 0.500%, 04/01/26		35,000		34,295
Southwest Airlines Co. 1.250%, 05/01/25		710,000		1,060,562
				1,094,857
Biotechnology—0.5%
BioMarin Pharmaceutical, Inc. 0.599%, 08/01/24		2,110,000		2,158,923
Biotechnology—(Continued)
Ionis Pharmaceuticals, Inc. Zero Coupon, 04/01/26		85,000		77,243
Livongo Health, Inc. 0.875%, 06/01/25		150,000		197,385
				2,433,551
Entertainment—0.0%
Penn National Gaming, Inc. 2.750%, 05/15/26		15,000		47,865
Healthcare-Services—0.2%
Teladoc Health, Inc. 1.250%, 06/01/27 (b)		1,005,000		1,009,459
Internet—0.4%
Expedia Group, Inc. Zero Coupon, 02/15/26 (b)		460,000		496,640
Palo Alto Networks, Inc. 0.375%, 06/01/25		670,000		1,106,219
Twitter, Inc. Zero Coupon, 03/15/26		115,000		106,759
Uber Technologies, Inc. Zero Coupon, 12/15/25 (b)		355,000		345,284
				2,054,902
Leisure Time—0.0%
Peloton Interactive, Inc. Zero Coupon, 02/15/26		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. 1.125%, 06/15/27		85,000		83,353
Zynga, Inc. Zero Coupon, 12/15/26		20,000		19,312
				102,665
Total Convertible Bonds (Cost $9,739,780)				9,922,863
Municipals—0.1%
Tobacco Settlement Financing Corp. 6.706%, 06/01/46 (Cost $644,820)		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 4.750%, 03/31/28 (Cost $264,976)		5,754	$	285,111
Floating Rate Loans (e)—0.0%
Lodging—0.0%
Hilton Grand Vacations Borrower LLC Term Loan, 08/02/28 (f)		56,833		57,032
Pharmaceuticals—0.0%
Jazz Financing Lux S.a.r.l. Term Loan, 05/05/28 (f)		48,000		48,120
Total Floating Rate Loans (Cost $104,309)				105,152
Mortgage-Backed Securities—0.0%
Commercial Mortgage-Backed Securities—0.0%
Institutional Mortgage Securities Canada, Inc. 2.616%, 07/12/47 (144A) (CAD)		81,931		65,799
Total Mortgage-Backed Securities (Cost $76,457)				65,799
Short-Term Investment—1.0%
Repurchase Agreement—1.0%
Fixed Income Clearing Corp. Repurchase Agreement dated 09/30/21 at 0.000%, due on 10/01/21 with a maturity value of $4,900,627; collateralized by U.S. Treasury Note at 1.250%, maturing 06/30/28, with a market value of $4,998,690.		4,900,627		4,900,627
Total Short-Term Investments (Cost $4,900,627)				4,900,627
Securities Lending Reinvestments (g)—0.7%
Repurchase Agreements—0.5%
Barclays Capital, Inc. Repurchase Agreement dated 09/30/21 at 0.040%, due on 10/01/21 with a maturity value of $305,146; collateralized by U.S. Treasury Obligations with rates ranging from 0.000% - 3.625%, maturity dates ranging from 01/15/22 - 02/15/50, and an aggregate market value of $311,248.		305,145		305,145
Cantor Fitzgerald & Co. Repurchase Agreement dated 09/30/21 at 0.055%, due on 10/01/21 with a maturity value of $400,001; collateralized by U.S. Treasury and U.S. Government Agency Obligations with rates ranging from 0.000% - 5.500%, maturity dates ranging from 11/01/26 - 07/20/71, and an aggregate market value of $408,000.		400,000		400,000
Repurchase Agreements—(Continued)
CF Secured LLC Repurchase Agreement dated 09/30/21 at 0.050%, due on 10/01/21 with a maturity value of $500,001; collateralized by U.S. Treasury Obligations with rates ranging from 0.000% - 4.750%, maturity dates ranging from 11/18/21 - 08/15/50, and an aggregate market value of $510,001.		500,000		500,000
Deutsche Bank AG, London Repurchase Agreement dated 09/30/21 at 0.150%, due on 10/01/21 with a maturity value of $94,982; 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 $96,882.		94,982		94,982
ING Financial Markets LLC Repurchase Agreement dated 09/30/21 at 0.040%, due on 10/01/21 with a maturity value of $600,001; collateralized by U.S. Treasury and Foreign Obligations with rates ranging from 0.065% - 6.625%, maturity dates ranging from 10/12/21 - 01/04/35, and an aggregate market value of $612,000.		600,000		600,000
NBC Global Finance, Ltd. Repurchase Agreement dated 09/30/21 at 0.235%, due on 10/07/21 with a maturity value of $250,011; 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 $277,508.		250,000		250,000
Societe Generale Repurchase Agreement dated 09/30/21 at 0.050%, due on 10/01/21 with a maturity value of $79,868; 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 $81,469.		79,868		79,868
				2,229,995
Time Deposit—0.0%
Landesbank Baden-Wuettertemberg (London) 0.130%, 10/01/21		31,106		31,106
Mutual Funds—0.2%
BlackRock Liquidity Funds FedFund, Institutional Shares 0.030% (h)		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  0.030% (h)		300,000		300,000
				850,000
Total Securities Lending Reinvestments (Cost $3,111,101)				3,111,101
Total Investments—100.4% (Cost $374,538,374)				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 September 30, 2021 (Unaudited)	% 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 (Cost $2,474,168,258)				3,455,345,665
Short-Term Investment—1.0%
Repurchase Agreement—1.0%
Fixed Income Clearing Corp. Repurchase Agreement dated 09/30/21 at 0.000%, due on 10/01/21 with a maturity value of $35,311,906; collateralized by U.S. Treasury Note at 1.250%, maturing 06/30/28, with a market value of $36,018,209.		35,311,906		35,311,906
Total Short-Term Investments (Cost $35,311,906)				35,311,906
Securities Lending Reinvestments (c)—1.7%
Certificates of Deposit—0.3%
Cooperatieve Rabobank UA 0.159%, 3M LIBOR + 0.040%, 01/11/22 (d)		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 0.185%, 3M LIBOR + 0.040%, 10/05/21 (d)		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) 0.170%, 03/28/22		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. 0.120%, 12/01/21		400,000		399,886
Repurchase Agreements—1.2%
Barclays Bank plc Repurchase Agreement dated 09/30/21 at 0.190%, due on 10/01/21 with a maturity value of $2,000,011; collateralized by various Common Stock with an aggregate market value of $2,222,469.		2,000,000		2,000,000
Barclays Capital, Inc. Repurchase Agreement dated 09/30/21 at 0.040%, due on 10/01/21 with a maturity value of $5,549,074; collateralized by U.S. Treasury Obligations with rates ranging from 0.000% - 3.625%, maturity dates ranging from 01/15/22 - 02/15/50, and an aggregate market value of $5,660,049.		5,549,068		5,549,068
BofA Securities, Inc. Repurchase Agreement dated 09/30/21 at 0.350%, due on 11/04/21 with a maturity value of $4,001,361; 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 $4,166,896.		4,000,000		4,000,000
Cantor Fitzgerald & Co. Repurchase Agreement dated 09/30/21 at 0.055%, due on 10/01/21 with a maturity value of $5,000,008; collateralized by U.S. Treasury and U.S. Government Agency Obligations with rates ranging from 0.000% - 5.500%, maturity dates ranging from 11/01/26 - 07/20/71, and an aggregate market value of $5,100,000.		5,000,000		5,000,000
CF Secured LLC 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% - 4.750%, maturity dates ranging from 11/18/21 - 08/15/50, and an aggregate market value of $5,100,007.		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
Deutsche Bank AG, London Repurchase Agreement dated 09/30/21 at 0.150%, due on 10/01/21 with a maturity value of $1,100,005; 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 $1,122,005.		1,100,000		1,100,000
Repurchase Agreements—(Continued)
ING Financial Markets LLC Repurchase Agreement dated 09/30/21 at 0.040%, due on 10/01/21 with a maturity value of $6,000,007; collateralized by U.S. Treasury and Foreign Obligations with rates ranging from 0.065% - 6.625%, maturity dates ranging from 10/12/21 - 01/04/35, and an aggregate market value of $6,120,001.		6,000,000		6,000,000
Royal Bank of Canada Toronto Repurchase Agreement dated 09/30/21 at 0.340%, due on 11/04/21 with a maturity value of $4,001,322; collateralized by various Common Stock with an aggregate market value of $4,444,487.		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 $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 $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 0.060%, 10/01/21		2,000,000		2,000,000
Landesbank Baden-Wuettertemberg (London) 0.130%, 10/01/21		500,000		500,000
National Bank of Canada 0.120%, OBFR + 0.050%, 10/07/21 (d)		3,000,000		3,000,000
Skandi New York 0.050%, 10/01/21		2,000,000		2,000,000
				7,500,000
Total Securities Lending Reinvestments (Cost $57,547,541)				57,547,987
Total Investments—101.7% (Cost $2,567,027,705)				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 (Cost $1,220,987,405)				1,361,291,070
Short-Term Investments—24.6%
Repurchase Agreement—0.4%
Fixed Income Clearing Corp. Repurchase Agreement dated 09/30/21 at 0.000%, due on 10/01/21 with a maturity value of $7,184,687; collateralized by U.S. Treasury Note at 1.250%, maturing 06/30/28, with a market value of $7,328,472.		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 (Cost $442,876,082)				442,866,851
Total Investments—100.3% (Cost $1,663,863,487)				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 Frequency	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 (Cost $1,381,416,863)				1,879,629,257
Warrants—0.0%
Switzerland—0.0%
Cie Financiere Richemont S.A. Expires 11/22/2023 (b) (Cost $0)		298,538		140,948
Short-Term Investment—0.9%
Repurchase Agreement—0.9%
Fixed Income Clearing Corp. Repurchase Agreement dated 09/30/21 at 0.000%, due on 10/01/21 with a maturity value of $17,533,453; collateralized by U.S. Treasury Note at 1.250%, maturing 06/30/28, with a market value of $17,884,195.		17,533,453		17,533,453
Total Short-Term Investments (Cost $17,533,453)				17,533,453
Securities Lending Reinvestments (c)—1.1%
Repurchase Agreements—0.9%
Barclays Bank plc Repurchase Agreement dated 09/30/21 at 0.190%, due on 10/01/21 with a maturity value of $4,000,021; collateralized by various Common Stock with an aggregate market value of $4,444,937.		4,000,000		4,000,000
Barclays Capital, Inc. Repurchase Agreement dated 09/30/21 at 0.040%, due on 10/01/21 with a maturity value of $2,404,662; collateralized by U.S. Treasury Obligations with rates ranging from 0.000% - 3.625%, maturity dates ranging from 01/15/22 - 02/15/50, and an aggregate market value of $2,452,752.		2,404,659		2,404,659
Cantor Fitzgerald & Co. Repurchase Agreement dated 09/30/21 at 0.055%, due on 10/01/21 with a maturity value of $1,000,002; collateralized by U.S. Treasury and U.S. Government Agency Obligations with rates ranging from 0.000% - 5.500%, maturity dates ranging from 11/01/26 - 07/20/71, and an aggregate market value of $1,020,000.		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 Repurchase Agreement dated 09/30/21 at 0.050%, due on 10/01/21 with a maturity value of $1,154,063; collateralized by U.S. Treasury Obligations with rates ranging from 0.000% - 4.750%, maturity dates ranging from 11/18/21 - 08/15/50, and an aggregate market value of $1,177,144.		1,154,061	$	1,154,061
Deutsche Bank AG, London Repurchase Agreement dated 09/30/21 at 0.150%, due on 10/01/21 with a maturity value of $500,002; 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 $510,002.		500,000		500,000
ING Financial Markets LLC Repurchase Agreement dated 09/30/21 at 0.040%, due on 10/01/21 with a maturity value of $4,000,004; collateralized by U.S. Treasury and Foreign Obligations with rates ranging from 0.065% - 6.625%, maturity dates ranging from 10/12/21 - 01/04/35, and an aggregate market value of $4,080,001.		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) 0.130%, 10/01/21		200,000		200,000
Mutual Funds—0.2%
BlackRock Liquidity Funds FedFund, Institutional Shares 0.030% (d)		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  0.030% (d)		1,000,000		1,000,000
				3,000,000
Total Securities Lending Reinvestments (Cost $20,418,720)				20,418,720
Total Investments—100.8% (Cost $1,419,369,036)				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 September 30, 2021 (Unaudited)	% of Net Assets
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 (Cost $1,937,355,360)				2,118,245,822
Convertible Preferred Stock—0.7%
Software—0.7%
Databricks, Inc. Series H† (a) (c) (d) (Cost $16,889,079)		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/ Principal Amount*		Value
Internet & Direct Marketing Retail—0.1%
Overstock.com, Inc. - Series A-1 (Cost $76,885)		17,118	$	1,228,216
Warrants—0.0%
Biotechnology—0.0%
Ginkgo Bioworks Holding, Inc., Expires 08/01/26 (Cost $348,554)		104,671		354,835
Escrow Shares—0.0%
Internet & Direct Marketing Retail — 0.0%
Flipkart Escrow Receivable† (a) (c) (d) (Cost $0)		60,812		24,933
Short-Term Investment—7.4%
Repurchase Agreement—7.4%
Fixed Income Clearing Corp. Repurchase Agreement dated 09/30/21 at 0.000%, due on 10/01/21 with a maturity value of $169,364,445; collateralized by U.S. Treasury Note at 1.250%, maturing 06/30/28, with a market value of $172,751,774..		169,364,445		169,364,445
Total Short-Term Investments (Cost $169,364,445)				169,364,445
Securities Lending Reinvestments (e)—21.7%
Certificates of Deposit—9.9%
Agricultural Bank of China 0.190%, 11/17/21		5,000,000		5,000,200
Bank of Montreal (Chicago) 0.179%, 1M BSBY + 0.120%, 12/01/21 (f)		12,000,000		11,999,784
Barclays Bank plc 0.180%, 04/07/22		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 Zero Coupon, 10/12/21		20,000,000		19,999,200
Goldman Sachs Bank USA 0.170%, 02/04/22		25,000,000		25,001,750
Mizuho Bank, Ltd. 0.160%, 03/25/22		15,000,000		14,999,265
National Australia Bank, Ltd. 0.160%, 03/02/22		7,000,000		6,999,650
Natixis S.A. (New York) 0.167%, 3M LIBOR + 0.040%, 02/11/22 (f)		11,000,000		11,001,683
Security Description	Principal Amount*		Value
Certificates of Deposit—(Continued)
Oversea-Chinese Banking Corp., Ltd. 0.152%, 3M LIBOR + 0.020%, 03/25/22 (f)		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) Zero Coupon, 10/15/21		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 0.197%, 3M LIBOR + 0.070%, 11/19/21 (f)		1,000,000		1,000,121
				227,009,947
Commercial Pape—1.2%
Antalis S.A. 0.130%, 10/15/21		7,000,000		6,999,622
Bedford Row Funding Corp. 0.214%, 3M LIBOR + 0.080%, 10/21/21 (f)		6,000,000		6,000,366
UBS AG 0.240%, 03/30/22		15,000,000		14,986,088
				27,986,076
Repurchase Agreements—7.3%
Barclays Capital, Inc. Repurchase Agreement dated 09/30/21 at 0.040%, due on 10/01/21 with a maturity value of $602,267; collateralized by U.S. Treasury Obligations with rates ranging from 0.000% - 3.625%, maturity dates ranging from 01/15/22 - 02/15/50, and an aggregate market value of $614,312.		602,266		602,266
BofA Securities, Inc. Repurchase Agreement dated 09/30/21 at 0.350%, due on 11/04/21 with a maturity value of $10,003,403; 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 $10,417,239.		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. Repurchase Agreement dated 09/30/21 at 0.060%, due on 10/01/21 with a maturity value of $10,000,017; collateralized by U.S. Treasury Obligations with rates ranging from 0.500% - 3.000%, maturity dates ranging from 02/29/24 - 05/15/49, and an aggregate market value of $10,200,001.		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 Repurchase Agreement dated 09/30/21 at 0.150%, due on 10/01/21 with a maturity value of $2,800,012; 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 $2,856,012.		2,800,000		2,800,000
National Bank of Canada Repurchase Agreement dated 09/30/21 at 0.200%, due on 10/07/21 with a maturity value of $53,002,061; collateralized by various Common Stock with an aggregate market value of $58,896,781.		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 Repurchase Agreement dated 09/30/21 at 0.340%, due on 11/04/21 with a maturity value of $10,003,306; collateralized by various Common Stock with an aggregate market value of $11,111,216.		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 0.070%, 10/01/21		5,000,000		5,000,000
First Abu Dhabi Bank USA NV 0.060%, 10/01/21		9,000,000		9,000,000
Landesbank Baden-Wuettertemberg (London) 0.130%, 10/01/21		5,100,000		5,100,000
National Bank of Canada 0.120%, OBFR + 0.050%, 10/07/21 (f)		20,000,000		20,000,000
Skandi New York 0.050%, 10/01/21		5,000,000		5,000,000
				44,100,000
Mutual Funds—1.4%
BlackRock Liquidity Funds FedFund, Institutional Shares 0.030% (g)		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  0.030% (g)		10,000,000		10,000,000
				33,000,000
Total Securities Lending Reinvestments (Cost $499,177,585)				499,198,289
Total Purchased Options—0.1% (Cost $12,008,687)				2,486,711
Total Investments—122.2% (Cost $2,635,220,595)				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 Amount*		Value
Sovereign—20.9%
Deutsche Bundesrepublik Inflation Linked Bond 0.500%, 04/15/30 (EUR) (a)		7,349,168	$	10,510,803
French Republic Government Bond OAT 3.400%, 07/25/29 (EUR) (a)		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 0.625%, 03/22/40 (GBP) (a)		9,874,970		22,557,275
Total Foreign Government (Cost $51,480,563)				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 Amount*		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 (Cost $24,348,212)				29,372,659
U.S. Treasury & Government Agencies—11.4%
U.S. Treasury—11.4%
U.S. Treasury Inflation Indexed Bonds 2.125%, 02/15/40 (a)		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 (Cost $28,760,537)				28,931,825
Mutual Funds—10.1%
Investment Company Securities—10.1%
iShares iBoxx $ Investment Grade Corporate Bond ETF (Cost $24,463,363)		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 (Cost $41,286)				58,916

Rights—0.0%
Security Description	Shares/ Principal Amount*		Value
Transportation Infrastructure—0.0%
Transurban Group (b) (Cost $0)		179	$	136
Short-Term Investments—36.3%
Mutual Funds—3.6%
BlackRock Liquidity Funds T-Fund Portfolio, Institutional Class, 0.010% (e)		7,472,203		7,472,203
UBS Select Treasury Institutional Fund, Institutional Class, 0.010% (e)		1,732,858		1,732,858
				9,205,061
Repurchase Agreement—16.1%
Fixed Income Clearing Corp. Repurchase Agreement dated 09/30/21 at 0.000%, due on 10/01/21 with a maturity value of $40,762,336; collateralized by U.S. Treasury Note at 1.250%, maturing 06/30/28, with a market value of $41,577,643.		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 (Cost $91,960,862)				91,960,263
Total Investments— 90.3% (Cost $221,054,823)				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

Floating Rate Index

Payment Frequency

Fixed Rate

Payment Frequency

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 4.000%, 10/01/48		771,096	$	828,160
4.000%, 06/01/50		1,667,121		1,786,452
Fannie Mae ARM Pool 1.299%, 12M MTA + 1.200%, 07/01/44 (a)		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) 0.136%, 1M LIBOR + 0.060%, 07/25/37 (a)		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) 0.436%, 1M LIBOR + 0.350%, 05/25/42 (a)		26,596		26,780
Freddie Mac ARM Non-Gold Pool 2.350%, 1Y H15 + 2.225%, 01/01/34 (a)		17,823		18,946
Freddie Mac REMICS (CMO) 0.446%, 1M LIBOR + 0.350%, 07/15/44 (a)		1,854,424		1,844,033
Freddie Mac Strips (CMO) 0.534%, 1M LIBOR + 0.450%, 09/15/42 (a)		2,145,318		2,136,512
Freddie Mac Structured Pass-Through Certificates (CMO) 0.346%, 1M LIBOR + 0.260%, 08/25/31 (a)		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) 0.382%, 12M LIBOR + 0.150%, 08/20/68 (a)		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 3.500%, TBA (b)		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 1.625%, 11/15/50 (c)		12,550,000		11,274,900
U.S. Treasury Inflation Indexed Bonds 0.125%, 04/15/26 (c) (d)		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 0.125%, 01/15/22 (d)		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 1.750%, 12/31/24 (f)		2,260,000		2,344,838
				2,499,795,167
Total U.S. Treasury & Government Agencies (Cost $2,516,111,348)				2,642,301,895
Foreign Government—11.6%
Sovereign—11.6%
Australia Government Bonds 1.250%, 02/21/22 (AUD) (d)		8,500,000		7,390,372
3.000%, 09/20/25 (AUD ) (d)		11,150,000		12,098,025
Canadian Government Real Return Bond 4.250%, 12/01/26 (CAD) (d)		7,775,568		7,821,487
French Republic Government Bond OAT 0.100%, 03/01/26 (144A) (EUR) (d)		15,799,770		20,240,321
0.250%, 07/25/24 (EUR) (d)		4,237,389		5,316,197
Italy Buoni Poliennali Del Tesoro 0.400%, 05/15/30 (144A) (EUR) (d)		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 0.005%, 03/10/31 (JPY) (d)		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 7.750%, 05/29/31 (MXN)		97,900,000	$	4,862,535
New Zealand Government Inflation Linked Bonds 2.500%, 09/20/35 (NZD) (d)		1,687,350		1,639,403
3.000%, 09/20/30 (NZD) (d)		11,600,000		11,300,410
Peruvian Government International Bond 5.940%, 02/12/29 (144A) (PEN)		6,800,000		1,652,324
Qatar Government International Bond 3.875%, 04/23/23		2,500,000		2,629,780
United Kingdom Gilt Inflation Linked Bonds 0.125%, 03/22/24 (GBP) (d)		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 (Cost $273,417,537)				278,715,818
Asset-Backed Securities—6.5%
Asset-Backed - Home Equity—1.1%
ACE Securities Corp. Home Equity Loan Trust 0.286%, 1M LIBOR + 0.200%, 03/25/37 (a)		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 0.911%, 1M LIBOR + 0.825%, 04/25/34 (a)		1,518,283		1,500,612
Citigroup Mortgage Loan Trust, Inc. 0.266%, 1M LIBOR + 0.180%, 03/25/37 (a)		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 0.156%, 1M LIBOR + 0.070%, 08/25/37 (144A) (a)		910,250		590,251
GSAA Home Equity Trust 6.720%, 03/25/46 (j)		365,351		267,972
Home Equity Asset Trust 0.761%, 1M LIBOR + 0.675%, 02/25/36 (a)		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 0.186%, 1M LIBOR + 0.100%, 10/25/36 (a)		4,517		2,301
MASTR Asset-Backed Securities Trust 0.836%, 1M LIBOR + 0.750%, 10/25/35 (a)		114,725		115,881
Morgan Stanley ABS Capital, Inc. Trust 0.746%, 1M LIBOR + 0.660%, 01/25/35 (a)		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 0.851%, 1M LIBOR + 0.765%, 02/25/35 (a)		405,045		402,255
Nomura Home Equity Loan, Inc 0.521%, 1M LIBOR + 0.435%, 03/25/36 (a)		2,671,246		2,657,658
NovaStar Mortgage Funding Trust 0.791%, 1M LIBOR + 0.705%, 01/25/36 (a)		1,400,030		1,398,630
RASC Trust 0.546%, 1M LIBOR + 0.230%, 06/25/36 (a)		4,785,312		4,710,289
Soundview Home Loan Trust 0.146%, 1M LIBOR + 0.060%, 11/25/36 (144A) (a)		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. 1.078%, 3M LIBOR + 0.950%, 11/10/30 (144A) (a)		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. 1.176%, 3M LIBOR + 1.050%, 07/15/30 (144A) (a)		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 1.090%, 3M LIBOR + 0.900%, 07/18/29 (144A) (a)		1,600,000		1,600,512
Apidos CLO XXVII 1.064%, 3M LIBOR + 0.930%, 07/17/30 (144A) (a)		1,700,000		1,700,954
ARES L CLO, Ltd. 1.176%, 3M LIBOR + 1.050%, 01/15/32 (144A) (a)		700,000		700,277
ARES LII CLO, Ltd. 1.188%, 3M LIBOR + 1.050%, 04/22/31 (144A) (a)		400,000		400,655
Argent Securities Trust 0.406%, 1M LIBOR + 0.320%, 05/25/36 (a)		242,662		85,901
Assurant CLO, Ltd. 1.174%, 3M LIBOR + 1.040%, 10/20/31 (144A) (a)		1,100,000		1,100,354
Atlas Senior Loan Fund, Ltd. 1.276%, 3M LIBOR + 1.150%, 01/16/30 (144A) (a)		2,300,000		2,295,895
Atrium XII 0.968%, 3M LIBOR + 0.830%, 04/22/27 (144A) (a)		2,251,340		2,251,804
Barings Euro CLO B.V. 0.271%, 3M EURIBOR + 0.820%, 10/25/29 (144A) (EUR) (a)		194,523		225,176
Birch Grove CLO, Ltd. 1.246%, 3M LIBOR + 1.130%, 06/15/31 (144A) (a)		1,000,000		1,000,384
Black Diamond CLO, Ltd. 0.650%, 3M EURIBOR + 0.650%, 10/03/29 (144A) (EUR) (a)		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. 1.075%, 3M LIBOR + 0.950%, 18/14/30 (144A) (a)		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. 0.730%, 3M EURIBOR + 0.730%, 09/21/29 (144A) (EUR) (a)		136,521		158,185
Carlyle U.S. CLO, Ltd. 1.134%, 3M LIBOR + 1.000%, 04/20/31 (144A) (a)		1,200,000		1,200,386
Catamaran CLO, Ltd. 0.979%, 3M LIBOR + 0.850%, 01/27/28 (144A) (a)		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. 0.976%, 3M LIBOR + 0.850%, 07/16/29 (144A) (a)		752,566		752,584
CIFC Funding, Ltd. 1.075%, 3M LIBOR + 0.950%, 10/24/30 (144A) (a)		2,500,000		2,500,718
CIT Mortgage Loan Trust 1.436%, 1M LIBOR + 1.350%, 10/25/37 (144A) (a)		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 0.276%, 1M LIBOR + 0.190%, 11/25/37 (a)		6,437,717		6,225,873
Credit-Based Asset Servicing and Securitization LLC 0.212%, 1M LIBOR + 0.120%, 07/25/37 (144A) (a)		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. 1.164%, 3M LIBOR + 1.030%, 04/20/30 (144A) (a)		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. 1.226%, 3M LIBOR + 1.140%, 10/23/31 (144A) (a)		800,000	$	799,999
CSAB Mortgage-Backed Trust 6.220%, 09/25/36 (j)		441,659		205,767
CWABS Asset-Backed Certificates Trust 0.826%, 1M LIBOR + 0.740%, 08/25/47 (a)		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. 0.860%, 3M EURIBOR + 0.860%, 05/15/34 (144A) (EUR) (a)		1,000,000		1,153,531
Ellington Loan Acquisition Trust 1.186%, 1M LIBOR + 1.100%, 05/25/37 (144A) (a)		1,421,327		1,424,590
First Franklin Mortgage Loan Trust 0.206%, 1M LIBOR + 0.120%, 12/25/36 (a)		10,903,076		9,863,132
0.396%, 1M LIBOR + 0.310%, 07/25/36 (a)		2,358,831		2,321,056
GSAMP Trust 0.821%, 1M LIBOR + 0.735%, 09/25/35 (a)		137,460		137,811
Halcyon Loan Advisors Funding, Ltd. 1.054%, 3M LIBOR + 0.920%, 04/20/27 (144A) (a)		75,931		75,912
HSI Asset Securitization Corp. Trust 0.246%, 1M LIBOR + 0.160%, 05/25/37 (a)		218,779		217,981
ICG U.S. CLO, Ltd. 1.538%, 3M LIBOR + 1.400%, 10/22/31 (144A) (a)		200,000		200,031
Jamestown CLO, Ltd. 1.354%, 3M LIBOR + 1.220%, 01/17/27 (144A) (a)		78,675		78,663
JPMorgan Mortgage Acquisition Trust 0.296%, 1M LIBOR + 0.210%, 10/25/36 (a)		100,489		99,894
Jubilee CLO B.V. 0.294%, 3M EURIBOR + 0.840%, 07/12/28 (144A) (EUR) (a)		673,753		779,676
KVK CLO, Ltd. 1.033%, 3M LIBOR + 0.900%, 01/14/28 (144A) (a)		646,400		646,387
Laurelin B.V. 0.720%, 3M EURIBOR + 0.720%, 10/20/31 (144A) (EUR) (a)		700,000		808,378
Legacy Mortgage Asset Trust 3.750%, 04/25/59 (144A) (j)		425,863		428,735
LoanCore Issuer, Ltd. 1.214%, 1M LIBOR + 1.130%, 05/15/36 (144A) (a)		1,320,360		1,320,360
Long Beach Mortgage Loan Trust 0.206%, 1M LIBOR + 0.120%, 08/25/36 (a)		955,608		506,545
0.821%, 1M LIBOR + 0.735%, 08/25/35 (a)		120,682		121,136
Mackay Shields Euro CLO-2 DAC 1.550%, 3M EURIBOR + 1.550%, 08/15/33 (144A) (EUR) (a)		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 2.690%, 09/17/29 (144A)		10,589		10,597
Morgan Stanley ABS Capital, Inc. Trust 1.061%, 1M LIBOR + 0.975%, 07/25/34 (a)		53,828		53,569
Morgan Stanley IXIS Real Estate Capital Trust 0.136%, 1M LIBOR + 0.050%, 11/25/36 (a)		567		251
Mountain View CLO LLC 1.216%, 3M LIBOR + 1.090%, 10/16/29 (144A) (a)		2,000,000		2,000,562
MP CLO VII, Ltd. 1.024%, 3M LIBOR + 0.890%, 10/18/28 (144A) (a)		1,787,067		1,787,327
Asset-Backed - Other —(Continued)
OAK Hill European Credit Partners VII DAC 0.740%, 3M EURIBOR + 0.740%, 10/20/31 (144A) (EUR) (a)		2,100,000		2,433,131
Oaktree CLO, Ltd. 1.248%, 3M LIBOR + 1.110%, 04/22/30 (144A) (a)		600,000		601,958
OCP CLO, Ltd. 0.926%, 3M LIBOR + 0.800%, 07/15/27 (144A) (a)		281,500		281,533
0.945%, 3M LIBOR + 0.820%, 10/26/27 (144A) (a)		64,165		64,106
OZLM, Ltd. Zero Coupon, 3M LIBOR + 1.100%, 10/20/31 (144A) (a)		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 0.870%, 3M EURIBOR + 0.870%, 02/15/30 (144A) (EUR) (a)		3,436,273		4,011,187
Palmer Square Loan Funding, Ltd. Zero Coupon, 3M LIBOR + 0.800%, 10/15/29 (144A) (a)		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 0.776%, 1M LIBOR + 0.690%, 05/25/35 (a)		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. 0.790%, 6M EURIBOR + 0.790%, 08/04/28 (144A) (EUR) (a)		574,459		665,493
RAAC Trust 0.596%, 1M LIBOR + 0.510%, 08/25/36 (a)		139,031	$	140,122
Romark CLO, Ltd. 1.168%, 3M LIBOR + 1.030%, 10/23/30 (144A) (a)		1,300,000		1,300,220
Saranac CLO, Ltd. Zero Coupon, 3M LIBOR + 1.140%, 08/13/31 (144A) (a)		1,800,000		1,799,996
Saxon Asset Securities Trust 0.396%, 1M LIBOR + 0.310%, 09/25/37 (a)		769,403		759,540
Securitized Asset-Backed Receivables LLC Trust 0.386%, 1M LIBOR + 0.300%, 07/25/36 (a)		312,715		177,491
0.406%, 1M LIBOR + 0.320%, 07/25/36 (a)		3,398,900		1,613,218
Segovia European CLO 0.880%, 3M EURIBOR + 0.880%, 07/20/32 (144A) (EUR) (a)		300,000		346,482
Small Business Administration Participation Certificates 5.510%, 11/01/27		558,575		610,542
Sound Point CLO, Ltd. 1.038%, 3M LIBOR + 0.900%, 01/23/29 (144A) (a)		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. 1.538%, 3M LIBOR + 1.400%, 07/22/28 (144A) (a)		1,864,949		1,865,057
Stanwich Mortgage Loan Co. LLC 3.375%, 08/15/24 (144A) (j)		27,656		27,724
Steele Creek CLO, Ltd. 1.031%, 3M LIBOR + 0.900%, 05/21/29 (144A) (a)		2,323,690		2,322,226
Structured Asset Securities Corp. Mortgage Loan Trust 1.586%, 1M LIBOR + 1.500%, 04/25/35 (a)		95,620		96,561
Symphony CLO, Ltd. 1.083%, 3M LIBOR + 0.950%, 07/14/26 (144A) (a)		743,719		743,749
THL Credit Wind River CLO, Ltd. 0.996%, 3M LIBOR + 0.870%, 10/15/27 (144A) (a)		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 1.086%, 1M LIBOR + 1.000%, 10/25/59 (144A) (a)		1,422,514		1,433,762
Venture CLO, Ltd. 0.946%, 3M LIBOR + 0.820%, 04/15/27 (144A) (a)		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. 1.198%, 3M LIBOR + 1.120%, 07/20/32 (144A) (a)		900,000		900,095
Voya CLO, Ltd. 1.034%, 3M LIBOR + 0.900%, 07/20/29 (144A) (a)		769,279		769,482
Z Capital Credit Partners CLO, Ltd. 1.076%, 3M LIBOR + 0.950%, 07/16/27 (144A) (a)		892,615		892,008
				122,315,982
Asset-Backed - Student Loan—0.3%
College Loan Corp. Trust 0.375%, 3M LIBOR + 0.250%, 01/25/24 (a)		900,000		890,282
SLM Student Loan Trust 0.675%, 3M LIBOR + 0.550%, 10/25/64 (144A) (a)		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 (Cost $152,032,506)				155,468,901
Corporate Bonds & Notes—5.6%
Auto Manufacturers—0.1%
Ford Motor Credit Co. LLC 3.550%, 10/07/22		2,100,000	$	2,139,375
Nissan Motor Acceptance Corp. 2.650%, 07/13/22 (144A)		100,000		101,519
				2,240,894
Banks—3.1%
Banco Bilbao Vizcaya Argentaria S.A. 5.875%, 5Y EUR Swap + 5.660%, 09/25/23 (EUR) (a)		200,000		248,026
Bank of America Corp. 5.875%, 3M LIBOR + 2.931%, 03/15/28 (a)		1,570,000		1,791,920
Credit Suisse Group Funding Guernsey, Ltd. 3.800%, 09/15/22		6,600,000		6,815,873
Deutsche Bank AG 4.250%, 10/14/21		11,700,000		11,712,606
ING Bank NV 2.625%, 12/05/22 (144A)		3,300,000		3,389,925
JPMorgan Chase & Co. 3.599%, 3M LIBOR + 3.470%, 01/30/22 (a)		440,000		442,408
Lloyds Banking Group plc 4.947%, 5Y EUR ICE Swap + 5.290%, 06/27/25 (EUR) (a)		900,000		1,140,980
Natwest Group plc 1.682%, 3M LIBOR + 1.550%, 06/25/24 (a)		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 0.500%, 10/01/43 (DKK)		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. 7.830%, 12/04/23 (144A)		10,700,000		12,184,751
				73,549,730
Chemicals—0.0%
Syngenta Finance NV 4.441%, 04/24/23 (144A)		400,000		418,136
Commercial Services—0.0%
RELX Capital, Inc. 3.500%, 03/16/23		300,000		312,587
Distribution/Wholesale—0.0%
Toyota Tsusho Corp. 3.625%, 09/13/23		200,000		211,059
Diversified Financial Services—1.7%
Avolon Holdings Funding, Ltd. 2.528%, 11/18/27 (144A)		114,000		112,119
Jyske Realkredit A/S 0.500%, 10/01/43 (DKK)		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. 3.960%, 09/19/23 (144A)		400,000		423,628
Nordea Kredit Realkreditaktieselskab 0.500%, 10/01/43 (DKK)		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 1.000%, 10/01/53 (DKK)		78,271,736		11,147,775
2.500%, 04/01/47 (DKK)		10,622		1,763
				41,379,870
Electric—0.1%
Eversource Energy 2.900%, 10/01/24		100,000		105,670
Sempra Energy 2.900%, 02/01/23		500,000		514,745
4.050%, 12/01/23		400,000		426,026
				1,046,441
Gas—0.0%
Southern Co. Gas Capital Corp. 2.450%, 10/01/23		200,000		207,121
Home Builders—0.1%
DR Horton, Inc. 5.750%, 08/15/23		900,000		975,914
Insurance—0.0%
Jackson National Life Global Funding 2.375%, 09/15/22 (144A)		300,000		306,195
Reliance Standard Life Global Funding II 3.850%, 09/19/23 (144A)		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. 2.437%, 09/11/22		200,000	$	203,687
Media—0.0%
Charter Communications Operating LLC / Charter Communications Operating Capital Corp. 4.464%, 07/23/22		200,000		205,082
Oil & Gas—0.2%
Petrobras Global Finance B.V. 5.093%, 01/15/30		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 2.875%, 09/23/23		100,000		104,250
Retail—0.3%
McDonald’s Corp. 0.562%, 3M LIBOR + 0.430%, 10/28/21 (a)		6,900,000		6,901,851
Semiconductors—0.0%
NXP B.V. / NXP Funding LLC 3.875%, 09/01/22 (144A)		200,000		205,953
4.625%, 06/01/23 (144A)		200,000		212,672
				418,625
Software—0.0%
VMware, Inc. 3.900%, 08/21/27		300,000		334,308
Trucking & Leasing—0.0%
SMBC Aviation Capital Finance DAC 3.000%, 07/15/22 (144A)		200,000		203,544
Total Corporate Bonds & Notes (Cost $123,136,474)				133,855,822
Mortgage-Backed Securities—2.9%
Collateralized Mortgage Obligations—2.7%
Alternative Loan Trust 0.266%, 1M LIBOR + 0.180%, 05/25/47 (a)		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 0.527%, 1M LIBOR + 0.440%, 07/20/36 (a)		2,286		2,286
2.606%, 02/20/36 (a)		209,989		212,284
Collateralized Mortgage Obligations—(Continued)
Banc of America Mortgage Trust 2.487%, 06/25/35 (a)		38,378		36,345
2.970%, 09/25/35 (a)		37,254		37,004
Bear Stearns Adjustable Rate Mortgage Trust 2.890%, 03/25/35 (a)		161,188		162,224
Bear Stearns ALT-A Trust 0.406%, 1M LIBOR + 0.320%, 02/25/34 (a)		82,702		80,809
2.910%, 09/25/35 (a)		523,660		404,000
Chase Mortgage Finance Trust 2.510%, 02/25/37 (a)		21,162		21,519
CHL Mortgage Pass-Through Trust 0.666%, 1M LIBOR + 0.580%, 04/25/35 (a)		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 1.966%, 08/25/35 (a)		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 0.426%, 1M LIBOR + 0.340%, 06/25/35 (144A) (a)		43,540		42,181
Credit Suisse Mortgage Capital Certificates 0.236%, 1M LIBOR + 0.150%, 09/29/36 (144A) (a)		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 0.186%, 1M LIBOR + 0.100%, 10/25/36 (a)		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 1.017%, 3M GBP LIBOR + 0.950%, 06/13/45 (GBP) (a)		1,338,752		1,802,449
First Horizon Alternative Mortgage Securities Trust 2.156%, 06/25/34 (a)		85,699		88,105
Great Hall Mortgages No. 1 plc 0.202%, 3M GBP LIBOR + 0.130%, 03/18/39 (GBP)(a)		102,313		136,516
0.222%, 3M GBP LIBOR + 0.150%, 06/18/38 (GBP)(a)		58,854		78,551
GreenPoint Mortgage Funding Trust 0.266%, 1M LIBOR + 0.180%, 09/25/46 (a)		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 2.461%, 12/25/34 (a)		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 0.277%, 1M LIBOR + 0.190%, 09/19/37 (a)		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 1.100%, SONIA + 1.050%, 05/25/53 (144A) (GBP) (a)		7,302,840		9,879,246
IndyMac INDA Mortgage Loan Trust 2.930%, 11/25/35 (a)		37,457		36,681
JPMorgan Mortgage Trust 2.285%, 02/25/35 (a)		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 0.626%, 1M LIBOR + 0.540%, 12/25/35 (a)		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 1.761%, 12/25/33 (a)		19,382		19,341
2.731%, 11/21/34 (a)		52,386		53,247
Mellon Residential Funding Corp. Mortgage Pass-Through Trust 0.524%, 1M LIBOR + 0.440%, 12/15/30 (a)		11,643		11,465
0.784%, 1M LIBOR + 0.700%, 11/15/31 (a)		71,420		73,100
Merrill Lynch Mortgage Investors Trust 2.946%, 12/25/35 (a)		49,357		42,271
Mill City Mortgage Loan Trust 2.750%, 08/25/59 (144A) (a)		810,514		833,475
New Residential Mortgage Loan Trust 2.750%, 07/25/59 (144A) (a)		6,469,950		6,683,522
Opteum Mortgage Acceptance Corp. Asset-Backed Pass-Through Certificates 1.136%, 1M LIBOR + 1.050%, 04/25/35 (a)		2,000,000		2,031,902
Residential Accredit Loans, Inc. 0.386%, 1M LIBOR + 0.300%, 08/25/35 (a)		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 6.500%, 09/25/36		275,980		148,255
Residential Mortgage Securities 32 plc 1.300%, 3M SONIA + 1.250%, 06/20/70 (144A) (GBP) (a)		2,777,909		3,780,808
Sequoia Mortgage Trust 0.487%, 1M LIBOR + 0.400%, 07/20/36 (a)		328,305		320,630
0.787%, 1M LIBOR + 0.700%, 10/19/26 (a)		23,044		22,923
Structured Adjustable Rate Mortgage Loan Trust 1.492%, 12M MTA + 1.400%, 01/25/35 (a)		54,519		51,277
2.440%, 02/25/34 (a)		39,766		40,380
Structured Asset Mortgage Investments II Trust 0.466%, 1M LIBOR + 0.380%, 06/25/36 (a)		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 6.515%, 07/25/37 (j)		167,137		93,117
Towd Point Mortgage Funding plc 1.097%, 3M GBP LIBOR + 1.025%, 10/20/51 (144A) (a)		5,798,811		7,874,669
Wachovia Mortgage Loan Trust 0.546%, 1M LIBOR + 0.460%, 01/25/37 (a)		1,902,525		1,026,189
WaMu Mortgage Pass-Through Certificates Trust 0.862%, 12M MTA + 0.770%, 05/25/47 (a)		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 2.800%, 04/25/36 (a)		52,588		51,644
				66,056,833
Commercial Mortgage-Backed Securities—0.2%
AREIT Trust 2.785%, SOFR + 2.734%, 04/15/37 (144A) (a)		1,942,773		1,952,486
Bancorp Commercial Mortgage Trust 1.215%, SOFR + 1.164%, 09/15/36 (144A) (a)		736,179		736,179
GS Mortgage Securities Trust 4.592%, 08/10/43 (144A)		3,109		3,112
JPMorgan Chase Commercial Mortgage Securities Trust 1.534%, 1M LIBOR + 1.450%, 12/15/31 (144A) (a)		1,419,806		1,410,707
				4,102,484
Total Mortgage-Backed Securities (Cost $67,017,909)				70,159,317
Preferred Stock—0.5%
Wireless Telecommunication Services—0.5%
AT&T Mobility II LLC(†) (k)(l) (Cost $12,009,870)		444,022		11,662,745
Convertible Preferred Stock—0.1%
Banks—0.1%
Wells Fargo & Co., Series L 7.500%, 12/31/49 (Cost $900,000)		900		1,333,800
Short-Term Investments—31.2%
Repurchase Agreements—31.2%
Barclays Capital, Inc. Repurchase Agreement dated 09/30/21 at 0.030%, due on 10/04/21 with a maturity value of $709,101,773; collateralized by U.S. Treasury Bond at 3.000%, maturing 05/15/47, with market value of $716,511,475.		709,100,000		709,100,000
Fixed Income Clearing Corp. Repurchase Agreement dated 09/30/21 at 0.000%, due on 10/01/21 with a maturity value of $37,643,908; collateralized by U.S. Treasury Note at 1.250%, maturing 06/30/28, with a market value of $38,396,795.		37,643,908		37,643,908
Total Short-Term Investments (Cost $746,743,908)				746,743,908
Total Purchased Options—0.2% (m) (Cost $1,416,154)				3,683,836
Total Investments—168.9% (Cost $3,892,785,706)				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 Index	Pay/ Receive Floating Rate	Expiration Date		Number of Contracts		Notional Amount			Premiums Paid		Market Value		Unrealized Appreciation/ (Depreciation)
Put - OTC - 30 Yr. IRS	0.195%	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 Index	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 Swaptions	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	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	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

PIMCO Total Return Portfolio

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 4.000%, 06/01/30		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 6.000%, 09/01/29		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 1.838%, 12M LIBOR + 1.345%, 09/01/35 (a)		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 1.331%, 08/25/22 (a) (b)		38,215,052		324,713
Freddie Mac REMICS (CMO) 0.334%, 1M LIBOR + 0.250%, 07/15/34 (a)		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) 1.292%, 12M MTA + 1.200%, 10/25/44 (a)		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 4.500%, 12/20/49		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 1.875%, 1Y H15 + 1.500%, 05/20/26 (a)		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) 0.430%, 1M LIBOR + 0.340%, 12/20/62 (a)		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 2.000%, TBA (c)		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 2.000%, TBA (c)		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 1.375%, 11/15/40		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 0.875%, 11/15/30		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 (Cost $2,098,286,155)				2,118,119,011
Corporate Bonds & Notes—34.5%
Aerospace/Defense—0.6%
Boeing Co. (The) 1.433%, 02/04/24		13,400,000		13,420,034
2.750%, 02/01/26		15,400,000		16,041,232
Spirit AeroSystems, Inc. 3.950%, 06/15/23		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 3.125%, 07/26/24 (144A)		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 3.700%, 10/01/26		2,538,713		2,585,663
British Airways Pass-Through Trust 4.125%, 09/20/31 (144A)†		1,551,602		1,569,199
United Airlines Pass-Through Trust 2.875%, 10/07/28		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 2.550%, 08/15/22 (144A)		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 1.198%, 3M LIBOR + 1.080%, 08/03/22 (a)		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. 1.442%, 3M LIBOR + 1.310%, 06/30/22 (a)		1,100,000		1,108,202
3.550%, 07/08/22		8,400,000		8,599,964
Hyundai Capital America 0.800%, 04/03/23 (144A)		13,000,000		13,004,765
2.100%, 09/15/28 (144A)		13,500,000		13,304,845
Nissan Motor Acceptance Co. LLC 1.850%, 09/16/26 (144A)		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. 3.522%, 09/17/25 (144A)		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 1.875%, 01/31/24 (EUR)		4,600,000		5,561,133
2.500%, 07/31/26 (EUR)		3,000,000		3,837,414
Volkswagen Group of America Finance LLC 2.850%, 09/26/24 (144A)		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. 2.625%, 05/08/17 (EUR)(f)		1,700,000		285,533
4.750%, 01/15/18 (EUR)(f)		3,100,000		520,678
Banks—(Continued)
Bank of America Corp. 0.981%, SOFR + 0.910%, 09/25/25 (a)		4,800,000		4,806,624
4.125%, 01/22/24		2,130,000		2,302,496
Barclays Bank plc 7.625%, 11/21/22		366,000		392,341
Barclays plc 1.505%, 3M LIBOR + 1.380%, 05/16/24 (a)		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. 4.625%, 5Y H15 + 3.340%, 02/25/31 (144A) (a)		12,500,000		12,765,625
BPCE S.A. 4.000%, 09/12/23 (144A)		17,000,000		18,078,598
CIT Group, Inc. 5.250%, 03/07/25		11,000,000		12,251,250
Citigroup, Inc. 0.819%, 3M LIBOR + 0.690%, 10/27/22 (a)		10,600,000		10,659,392
Cooperative Rabobank UA 3.875%, 09/26/23 (144A)		1,200,000		1,278,669
Credit Agricole S.A. 1.247%, SOFR + 0.892%, 01/26/27 (144A) (a)		4,000,000		3,943,470
Credit Suisse Group AG 1.354%, 3M LIBOR + 1.240%, 06/12/24 (144A) (a)		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 3.300%, 11/16/22		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) 1.882%, 3M LIBOR + 1.750%, 10/28/27 (a)		7,500,000		7,874,999
3.750%, 05/22/25		5,375,000		5,824,726
ING Groep NV 4.625%, 01/06/26 (144A)		7,900,000		8,965,583
JPMorgan Chase & Co. 1.578%, SOFR + 0.885%, 04/22/27 (a)		13,300,000		13,326,973
Lloyds Bank plc 7.500%, 04/02/32 (g)		13,000,000		10,055,689
Lloyds Banking Group plc 7.625%, 5Y GBP Swap + 5.010%, 06/27/23 (GBP) (a)		11,400,000		16,532,819
Mizuho Financial Group, Inc. 1.979%, SOFR + 1.532%, 09/08/31 (a)		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 3.737%, 3M LIBOR + 0.847%, 04/24/24 (a)		9,400,000		9,863,138
Natwest Group plc 2.000%, 3M EURIBOR + 2.039%, 03/08/23 (EUR)(a)		3,300,000		3,859,251
2.500%, 03/22/23 (EUR)		11,943,000		14,380,429
Santander Holdings U.S.A., Inc. 3.450%, 06/02/25		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 7.375%, 5Y GBP Swap + 5.543%, 06/24/22 (GBP) (a)		1,000,000	$	1,393,762
Shinhan Financial Group Co., Ltd. 1.350%, 01/10/26 (144A)		12,600,000		12,540,654
Societe Generale S.A. 4.250%, 09/14/23 (144A)		13,900,000		14,838,510
Standard Chartered plc 4.247%, 3M LIBOR + 1.150%, 01/20/23 (144A) (a)		4,400,000		4,448,668
Sumitomo Mitsui Financial Group, Inc. 1.474%, 07/08/25		12,500,000		12,600,625
1.902%, 09/17/28		13,500,000		13,341,522
UBS AG 7.625%, 08/17/22		3,600,000		3,814,206
UBS Group AG 4.125%, 04/15/26 (144A)		10,200,000		11,367,524
UniCredit S.p.A. 7.830%, 12/04/23 (144A)		29,700,000		33,821,225
Virgin Money UK plc 4.000%, 1Y UKG + 3.750%, 09/03/27 (GBP) (a)		500,000		742,877
Wells Fargo & Co. 1.741%, 3M EURIBOR + 1.850%, 05/04/30 (EUR)(a)		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. 4.500%, 06/01/50		13,000,000		15,518,381
Biotechnology—0.1%
Royalty Pharma plc 1.200%, 09/02/25		3,000,000		2,980,551
Chemicals—0.2%
International Flavors & Fragrances, Inc. 2.300%, 11/01/30 (144A)		12,800,000		12,690,788
Commercial Services—0.3%
Central Nippon Expressway Co., Ltd. 0.686%, 3M LIBOR + 0.560%, 11/02/21 (a)		2,600,000		2,600,659
Rockefeller Foundation (The) 2.492%, 10/01/50		12,800,000		12,489,265
				15,089,924
Computers—0.6%
CGI, Inc. 1.450%, 09/14/26 (144A)		13,500,000		13,358,327
Dell International LLC / EMC Corp. 4.900%, 10/01/26		900,000		1,036,764
5.450%, 06/15/23		9,600,000		10,296,294
NetApp, Inc. 2.375%, 06/22/27		7,400,000		7,719,843
				32,411,228
Distribution/Wholesale—0.1%
Toyota Tsusho Corp. 3.625%, 09/13/23		2,600,000		2,743,768
Diversified Financial Services—2.6%
AerCap Ireland Capital DAC / AerCap Global Aviation Trust 4.450%, 10/01/25		7,000,000		7,651,243
Aviation Capital Group LLC 4.125%, 08/01/25 (144A)		10,500,000		11,300,755
Blue Owl Finance LLC 3.125%, 06/10/31 (144A)		13,000,000		12,857,813
Capital One Financial Corp. 4.250%, 04/30/25		10,000,000		11,055,892
Daiwa Securities Group, Inc. 3.129%, 04/19/22 (144A)		12,000,000		12,179,070
GE Capital Funding LLC 3.450%, 05/15/25		12,100,000		13,050,451
4.400%, 05/15/30		14,800,000		17,149,050
LeasePlan Corp. NV 2.875%, 10/24/24 (144A)		13,100,000		13,712,639
Mitsubishi HC Capital, Inc. 3.406%, 02/28/22 (144A)		200,000		201,862
3.960%, 09/19/23 (144A)		5,045,000		5,343,008
Nomura Holdings, Inc. 2.679%, 07/16/30		9,600,000		9,698,017
OneMain Finance Corp. 6.125%, 05/15/22		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. 3.949%, 02/12/30 (144A)		4,700,000		4,688,342
AES Corp. (The) 2.450%, 01/15/31		5,000,000		4,931,217
Duke Energy Corp. 0.764%, 3M LIBOR + 0.650%, 03/11/22 (a)		8,500,000		8,520,664
Duke Energy Progress LLC 2.000%, 08/15/31		13,800,000		13,560,558
Edison International 3.125%, 11/15/22		7,400,000		7,587,013
3.550%, 11/15/24		3,600,000		3,817,008
Evergy, Inc. 2.450%, 09/15/24		13,500,000		14,113,771
FirstEnergy Corp. 4.400%, 07/15/27		1,300,000		1,426,333
NextEra Energy Capital Holdings, Inc. 3.250%, 04/01/26		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. 4.500%, 07/14/28 (144A)		13,100,000		13,382,903
WEC Energy Group, Inc. 1.375%, 10/15/27		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. 3.250%, 09/08/24		6,150,000		6,522,414
Flex, Ltd. 4.875%, 06/15/29		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. 5.650%, 12/24/24 (144A)		8,800,000		9,273,440
Engineering & Construction—0.1%
Sydney Airport Finance Co. Pty, Ltd. 3.900%, 03/22/23 (144A)		3,100,000		3,236,398
Food—0.1%
Danone S.A. 2.589%, 11/02/23 (144A)		3,858,000		4,006,302
Gas—0.2%
Atmos Energy Corp. 1.500%, 01/15/31		12,900,000		12,135,481
Healthcare-Services—0.2%
Fresenius Medical Care U.S. Finance III, Inc. 1.875%, 12/01/26 (144A)		12,100,000		12,159,327
Home Builders—0.1%
DR Horton, Inc. 4.375%, 09/15/22		4,700,000		4,825,524
Household Products/Wares—0.2%
Reckitt Benckiser Treasury Services plc 0.689%, 3M LIBOR + 0.560%, 06/24/22 (144A) (a)		10,600,000		10,641,461
Housewares—0.1%
Newell Brands, Inc. 4.350%, 04/01/23		4,876,000		5,077,428
Insurance—0.3%
Ambac Assurance Corp. 5.100%, (144A) (h)		144		203
Reliance Standard Life Global Funding II 3.850%, 09/19/23 (144A)		600,000		637,218
Insurance—(Continued)
Sitka Holdings LLC 5.250%, 3M LIBOR + 4.500%, 07/06/26 (144A) (a)		14,000,000		14,205,479
Society of Lloyd’s 4.750%, 10/30/24 (GBP)		1,600,000		2,358,942
				17,201,842
Internet—0.3%
Booking Holdings, Inc. 2.750%, 03/15/23		4,600,000		4,750,137
Expedia Group, Inc. 2.950%, 03/15/31		9,500,000		9,600,320
				14,350,457
Lodging—0.7%
Choice Hotels International, Inc. 3.700%, 12/01/29		2,500,000		2,659,150
Hyatt Hotels Corp. 4.850%, 03/15/26		2,700,000		2,986,723
Marriott International, Inc. 3.600%, 04/15/24		10,500,000		11,187,473
4.150%, 12/01/23		14,100,000		15,038,887
MGM Resorts International 7.750%, 03/15/22		1,100,000		1,130,250
Wynn Las Vegas LLC / Wynn Las Vegas Capital Corp. 4.250%, 05/30/23 (144A)		3,800,000		3,828,500
				36,830,983
Media—0.8%
Charter Communications Operating LLC / Charter Communications Operating Capital Corp. 3.500%, 06/01/41		13,300,000		13,059,877
4.464%, 07/23/22		14,229,000		14,590,523
CSC Holdings LLC 5.375%, 02/01/28 (144A)		3,800,000		3,971,000
Walt Disney Co. (The) 3.600%, 01/13/51		12,600,000		14,035,333
				45,656,733
Oil & Gas—0.4%
BG Energy Capital plc 4.000%, 10/15/21 (144A)		1,300,000		1,301,946
BP Capital Markets America, Inc. 4.234%, 11/06/28		4,000,000		4,587,642
Chevron Corp. 2.236%, 05/11/30		6,300,000		6,459,010
Equinor ASA 3.625%, 04/06/40		3,700,000		4,133,962
Rio Oil Finance Trust 9.250%, 07/06/24 (144A)		1,702,897		1,862,544
Shell International Finance B.V. 2.750%, 04/06/30		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. 4.650%, 03/15/26		14,700,000	$	16,701,108
Pharmaceuticals—1.2%
AbbVie, Inc. 2.850%, 05/14/23		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 1.126%, 3M LIBOR + 1.010%, 12/15/23 (144A) (a)		17,400,000		17,628,153
CVS Health Corp. 2.125%, 09/15/31		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 6.943%, 01/10/30		616,455		745,803
Teva Pharmaceutical Finance Netherlands II B.V. 1.250%, 03/31/23 (EUR)		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 5.125%, 06/30/27		9,000,000		10,404,961
Enbridge, Inc. 0.625%, 3M LIBOR + 0.500%, 02/18/22 (a)		13,000,000		13,023,783
Energy Transfer L.P. 5.950%, 12/01/25		1,800,000		2,087,628
Midwest Connector Capital Co. LLC 3.625%, 04/01/22 (144A)		2,400,000		2,428,400
				27,944,772
Real Estate—0.3%
CPI Property Group S.A. 2.125%, 10/04/24 (EUR)		3,800,000		4,626,825
Logicor Financing Sarl 1.625%, 07/15/27 (EUR)		4,500,000		5,483,379
Ontario Teachers’ Cadillac Fairview Properties Trust 3.125%, 03/20/22 (144A)		1,200,000		1,212,915
3.875%, 03/20/27 (144A)		1,700,000		1,877,096
Tesco Property Finance 6 plc 5.411%, 07/13/44 (GBP)		1,025,044		1,762,985
				14,963,200
Real Estate Investment Trusts—4.6%
American Campus Communities Operating Partnership L.P. 3.625%, 11/15/27		2,200,000		2,401,856
American Homes 4 Rent L.P. 4.250%, 02/15/28		1,900,000		2,150,873
American Tower Corp. 3.375%, 05/15/24		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. 2.450%, 10/01/33		14,000,000		13,625,146
Brandywine Operating Partnership L.P. 4.100%, 10/01/24		7,500,000		8,081,574
Brixmor Operating Partnership L.P. 3.900%, 03/15/27		6,000,000		6,582,979
4.125%, 06/15/26		5,500,000		6,091,375
CyrusOne L.P. / CyrusOne Finance Corp. 1.450%, 01/22/27 (EUR)		2,200,000		2,560,143
Digital Realty Trust L.P. 4.750%, 10/01/25		8,000,000		9,006,954
EPR Properties 3.750%, 08/15/29		2,500,000		2,576,820
Equinix, Inc. 1.000%, 09/15/25		2,900,000		2,860,173
Federal Realty Investment Trust 3.500%, 06/01/30		4,900,000		5,316,082
GLP Capital L.P. / GLP Financing II, Inc. 5.250%, 06/01/25		5,000,000		5,575,400
Goodman U.S. Finance Three LLC 3.700%, 03/15/28 (144A)		10,800,000		11,681,779
Hudson Pacific Properties L.P. 4.650%, 04/01/29		2,400,000		2,754,369
Kilroy Realty L.P. 2.650%, 11/15/33		13,300,000		13,116,515
Life Storage L.P. 2.400%, 10/15/31		13,500,000		13,369,050
MPT Operating Partnership L.P. / MPT Finance Corp. 3.692%, 06/05/28 (GBP)		2,000,000		2,868,825
Omega Healthcare Investors, Inc. 4.750%, 01/15/28		8,900,000		10,004,939
Piedmont Operating Partnership L.P. 3.150%, 08/15/30		12,900,000		13,258,723
Public Storage 3.094%, 09/15/27		15,500,000		16,936,836
Realty Income Corp. 3.875%, 04/15/25		10,700,000		11,720,944
SBA Tower Trust 2.328%, 01/15/28 (144A)		13,000,000		13,247,724
Service Properties Trust 4.375%, 02/15/30		11,240,000		10,680,360
Simon Property Group L.P. 2.750%, 06/01/23		18,690,000		19,295,314
Sun Communities Operating L.P. 2.700%, 07/15/31		13,200,000		13,338,364
UDR, Inc. 3.500%, 07/01/27		1,900,000		2,078,139
4.400%, 01/26/29		3,400,000		3,869,240
Welltower, Inc. 4.250%, 04/01/26		1,102,000		1,230,281
				245,207,450
Retail—0.2%
7-Eleven, Inc. 1.800%, 02/10/31 (144A)		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 4.363%, 3M LIBOR + 1.392%, 08/01/24 (144A) (a)		9,390,000	$	9,993,482
Semiconductors—1.2%
Broadcom, Inc. 3.137%, 11/15/35		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. 4.640%, 02/06/24		9,000,000		9,761,220
NXP B.V. / NXP Funding LLC 4.625%, 06/01/23 (144A)		3,902,000		4,149,224
				63,217,250
Shipbuilding—0.2%
Huntington Ingalls Industries, Inc. 2.043%, 08/16/28 (144A)		13,800,000		13,613,543
Software—0.6%
Oracle Corp. 3.600%, 04/01/40		6,400,000		6,636,871
3.600%, 04/01/50		10,600,000		10,612,702
VMware, Inc. 1.400%, 08/15/26		13,500,000		13,439,250
				30,688,823
Telecommunications—1.0%
Level 3 Financing, Inc. 3.875%, 11/15/29 (144A)		12,330,000		13,184,469
Sprint Communications, Inc. 6.000%, 11/15/22		1,000,000		1,051,470
Sprint Corp. 7.125%, 06/15/24		1,000,000		1,138,200
7.875%, 09/15/23		2,800,000		3,128,580
T-Mobile USA, Inc. 2.550%, 02/15/31		8,900,000		8,931,716
Verizon Communications, Inc. 2.355%, 03/15/32 (144A)		25,427,000		25,145,886
				52,580,321
Trucking & Leasing—0.2%
DAE Funding LLC 1.625%, 02/15/24 (144A)		13,300,000		13,170,724
Total Corporate Bonds & Notes (Cost $1,773,771,674)				1,843,502,036
Asset-Backed Securities—12.3%
Asset-Backed - Automobile—0.2%
Chesapeake Funding II LLC 0.454%, 1M LIBOR + 0.370%, 08/15/30 (144A) (a)		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 3.430%, 12/16/24 (144A)		2,013,903		2,018,448
				8,299,021
Asset-Backed - Credit Card—0.3%
Evergreen Credit Card Trust 1.900%, 09/16/24 (144A)		16,200,000		16,460,731
Asset-Backed - Home Equity—1.4%
Accredited Mortgage Loan Trust 0.666%, 1M LIBOR + 0.290%, 07/25/34 (a)		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 0.786%, 1M LIBOR + 0.700%, 06/25/34 (a)		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 0.166%, 1M LIBOR + 0.080%, 05/25/37 (a)		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 0.336%, 1M LIBOR + 0.250%, 04/25/37 (a)		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 0.246%, 1M LIBOR + 0.160%, 12/25/36 (144A) (a)		6,733,334		4,509,368
GSAA Home Equity Trust 0.746%, 1M LIBOR + 0.660%, 03/25/35 (a)		159,596		161,429
HSI Asset Securitization Corp. Trust 0.424%, 1M LIBOR + 0.340%, 12/25/36 (a)		9,187,137		3,479,437
IXIS Real Estate Capital Trust 1.031%, 1M LIBOR + 0.945%, 02/25/35 (a)		2,584,600		2,572,882
MASTR Asset-Backed Securities Trust 0.136%, 1M LIBOR + 0.050%, 08/25/36 (a)		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 0.586%, 1M LIBOR + 0.500%, 07/25/37 (a)		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 0.146%, 1M LIBOR + 0.060%, 05/25/37 (a)		120,525		110,107
0.386%, 1M LIBOR + 0.300%, 06/25/36 (a)		190,487		174,474
NovaStar Mortgage Funding Trust 0.286%, 1M LIBOR + 0.200%, 09/25/37 (a)		4,578,898		4,510,755
Option One Mortgage Corp. Asset-Backed Certificates 0.726%, 1M LIBOR + 0.640%, 08/25/33 (a)		8,924		8,853
Option One Mortgage Loan Trust 0.226%, 1M LIBOR + 0.140%, 01/25/37 (a)		4,945,894		3,781,855
Renaissance Home Equity Loan Trust 0.966%, 1M LIBOR + 0.880%, 08/25/33 (a)		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 0.720%, 3M EURIBOR + 0.720%, 10/15/31 (144A) (EUR) (a)		11,000,000		12,715,499
Ameriquest Mortgage Securities, Inc. Asset-Backed Pass-Through Certificates 0.866%, 1M LIBOR + 0.780%, 05/25/34 (a)		1,628,835		1,629,885
AMMC CLO, Ltd. 1.113%, 3M LIBOR + 0.980%, 04/14/29 (144A) (a)		13,340,290		13,340,423
Anchorage Capital CLO, Ltd. 1.278%, 3M LIBOR + 1.140%, 07/22/32 (144A) (a)		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 0.780%, 3M EURIBOR + 0.780%, 10/15/31 (144A) (EUR) (a)		11,000,000		12,753,100
Argent Securities, Inc. Asset-Backed Pass-Through Certificates 0.846%, 1M LIBOR + 0.760%, 02/25/36 (a)		4,307,232		3,979,660
Brookside Mill CLO, Ltd. 0.954%, 3M LIBOR + 0.820%, 01/17/28 (144A) (a)		4,871,189		4,873,440
Carlyle Global Market Strategies CLO, Ltd. 1.218%, 3M LIBOR + 1.080%, 04/22/32 (144A) (a)		13,500,000		13,501,431
Catamaran CLO, Ltd. 1.482%, 3M LIBOR + 1.100%, 04/22/30 (144A) (a)		15,918,343		15,922,720
CIFC Funding, Ltd. 0.985%, 3M LIBOR + 0.860%, 10/25/27 (144A) (a)		13,216,031		13,177,982
Countrywide Asset-Backed Certificates 0.226%, 1M LIBOR + 0.140%, 07/25/37 (a)		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 0.226%, 1M LIBOR + 0.140%, 02/25/37 (a)		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 1.034%, 3M LIBOR + 0.900%, 04/20/28 (144A) (a)		4,166,229		4,165,188
First Franklin Mortgage Loan Trust 0.366%, 1M LIBOR + 0.280%, 12/25/36 (a)		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. 1.184%, 3M LIBOR + 1.050%, 01/21/28 (144A) (a)		10,205,375		10,209,886
Asset-Backed - Other—(Continued)
GSAMP Trust 0.256%, 1M LIBOR + 0.170%, 12/25/36 (a)		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 0.960%, 3M EURIBOR + 0.960%, 10/20/31 (144A) (EUR) (a)		10,900,000		12,592,808
Home Equity Loan Trust 0.316%, 1M LIBOR + 0.230%, 04/25/37 (a)		10,182,162		9,887,109
Home Equity Mortgage Loan Asset-Backed Trust 0.306%, 1M LIBOR + 0.220%, 04/25/37 (a)		2,648,016		2,310,177
ICG U.S. CLO, Ltd. 1.538%, 3M LIBOR + 1.400%, 10/22/31 (144A) (a)		15,400,000		15,402,402
Jamestown CLO, Ltd. 1.354%, 3M LIBOR + 1.220%, 01/17/27 (144A) (a)		205,942		205,912
Lehman XS Trust 0.886%, 1M LIBOR + 0.800%, 10/25/35 (a)		614,815		615,586
LoanCore Issuer, Ltd. 1.214%, 1M LIBOR + 1.130%, 05/15/28 (144A) (a)		4,346,543		4,346,544
Long Beach Mortgage Loan Trust 0.406%, 1M LIBOR + 0.320%, 05/25/36 (a)		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. 1.001%, 3M LIBOR + 0.870%, 11/21/27 (144A) (a)		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 1.336%, 1M LIBOR + 1.250%, 10/25/37 (a)		12,105,298		12,056,153
MF1, Ltd. 1.865%, SOFR + 1.814%, 11/15/35 (144A) (a)		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 0.336%, 1M LIBOR + 0.250%, 07/25/36 (a)		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. 1.024%, 3M LIBOR + 0.890%, 10/18/28 (144A) (a)		13,402,999		13,404,956
OCP CLO, Ltd. 0.926%, 3M LIBOR + 0.800%, 07/15/27 (144A) (a)		490,355		490,412
OZLM XVI Ltd. 1.155%, 3M LIBOR + 1.030%, 05/16/30 (144A) (a)		13,000,000		13,000,650
Palmer Square European Loan Funding DAC 0.780%, 3M EURIBOR + 0.780%, 04/15/31 (144A) (EUR) (a)		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 0.821%, 1M LIBOR + 0.735%, 09/25/35 (a)		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 3.179%, 06/27/69 (144A) (g)		5,456,105		5,469,618
Residential Asset Securities Corp. Trust 0.246%, 1M LIBOR + 0.160%, 11/25/36 (a)		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 0.486%, 1M LIBOR + 0.400%, 09/25/47 (a)		2,420,364	$	2,364,445
Sculptor CLO XXV, Ltd. 1.404%, 3M LIBOR + 1.270%, 01/15/31 (144A) (a)		15,050,000		15,068,481
Securitized Asset Backed Receivables LLC Trust 0.586%, 1M LIBOR + 0.500%, 03/25/36 (a)		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 0.196%, 1M LIBOR + 0.110%, 02/25/37 (a)		2,242,121		794,757
1.046%, 1M LIBOR + 0.960%, 05/25/35 (a)		664,848		665,411
Specialty Underwriting & Residential Finance Trust 0.356%, 1M LIBOR + 0.270%, 04/25/37 (a)		3,172,998		2,582,510
Starwood Commercial Mortgage Trust 1.245%, SOFR + 1.194%, 07/15/38 (144A) (a)		13,300,000		13,300,000
Structured Asset Investment Loan Trust 0.236%, 1M LIBOR + 0.150%, 09/25/36 (a)		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 0.986%, 1M LIBOR + 0.900%, 08/25/37 (a)		185,940		186,305
Sunrun Demeter Issuer Trust 2.270%, 01/30/57 (144A)		13,500,000		13,494,804
Symphony CLO, Ltd. 1.006%, 3M LIBOR + 0.880%, 04/15/28 (144A) (a)		2,139,749		2,141,078
Telos CLO, Ltd. 1.084%, 3M LIBOR + 0.950%, 04/17/28 (144A) (a)		5,032,035		5,032,100
TICP CLO III-2, Ltd. 0.974%, 3M LIBOR + 0.840%, 04/20/28 (144A) (a)		7,512,673		7,493,441
Tralee CLO, Ltd. 1.244%, 3M LIBOR + 1.110%, 10/20/28 (144A) (a)		5,796,580		5,795,131
U.S. Small Business Administration 6.220%, 12/01/28		838,261		936,077
Venture CLO, Ltd. 1.124%, 3M LIBOR + 0.990%, 07/20/30 (144A) (a)		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 1.006%, 3M LIBOR + 0.880%, 04/15/27 (144A) (a)		12,704,135		12,700,946
Venture XXVII CLO, Ltd. 1.184%, 3M LIBOR + 1.050%, 07/20/30 (144A) (a)		13,400,000		13,399,987
Wells Fargo Home Equity Asset-Backed Securities Trust 0.806%, 1M LIBOR + 0.720%, 12/25/35 (a)		8,195,657		8,186,992
				547,813,491
Asset-Backed - Student Loan—0.1%
SoFi Professional Loan Program LLC 3.020%, 02/25/40 (144A)		2,403,138		2,474,173
Utah State Board of Regents 0.836%, 1M LIBOR + 0.750%, 01/25/57 (a)		4,691,341		4,676,989
				7,151,162
Total Asset-Backed Securities (Cost $624,267,773)				654,347,588
Mortgage-Backed Securities—10.6%
Security Description	Principal Amount*		Value
Collateralized Mortgage Obligations—6.5%
Adjustable Rate Mortgage Trust 2.644%, 11/25/35 (a)		163,619		143,454
American Home Mortgage Investment Trust 0.446%, 1M LIBOR + 0.360%, 12/25/46 (a)		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 28.056%, -4 x 1M LIBOR + 28.400%, 11/25/46 (a)		513,015		701,493
Banc of America Funding Trust 2.606%, 02/20/36 (a)		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 6.000%, 05/25/37		5,926,054		5,435,908
BCAP LLC Trust 0.506%, 1M LIBOR + 0.420%, 05/25/47 (a)		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 2.700%, 10/25/35 (a)		759,910		781,865
2.832%, 02/25/33 (a)		3,834		3,597
Bear Stearns ALT-A Trust 2.622%, 05/25/35 (a)		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 2.708%, 01/26/36 (a)		487,733		409,525
2.727%, 12/26/46 (a)		419,166		376,526
Chase Mortgage Finance Trust 2.739%, 09/25/36 (a)		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 0.336%, 1M LIBOR + 0.250%, 08/25/35 (144A) (a)		12,956		12,924
CHL Mortgage Pass-Through Trust 0.486%, 1M LIBOR + 0.400%, 04/25/46 (a)		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 6.000%, 05/25/37		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 0.426%, 1M LIBOR + 0.340%, 06/25/35 (144A) (a)		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 0.234%, 10/27/36 (144A) (a)		12,879,000		12,575,032
Downey Savings & Loan Association Mortgage Loan Trust 2.501%, 07/19/44 (a)		241,857		240,169
First Horizon Mortgage Pass-Through Trust 2.754%, 08/25/35 (a)		72,986		57,401
GCAT LLC 2.981%, 09/25/25 (144A) (g)		6,434,622		6,493,986
Gemgarto plc 0.640%, 3M SONIA + 0.590%, 12/16/67 (144A) (GBP) (a)		9,145,925		12,382,237
GreenPoint Mortgage Funding Trust 0.526%, 1M LIBOR + 0.440%, 06/25/45 (a)		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 0.527%, 1M LIBOR + 0.440%, 05/19/35 (a)		413,738		399,475
Hawksmoor Mortgages plc 1.100%, 3M SONIA + 1.050%, 05/25/53 (144A) (GBP) (a)		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 0.446%, 1M LIBOR + 0.360%, 05/25/36 (a)		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 0.686%, 1M LIBOR + 0.600%, 08/25/36 (a)		4,116,355		3,005,018
Lehman XS Trust 0.286%, 1M LIBOR + 0.200%, 03/25/47 (a)		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 6.000%, 06/25/36		208,319		176,430
Collateralized Mortgage Obligations—(Continued)
Metlife Securitization Trust 3.750%, 03/25/57 (144A) (a)		5,100,632		5,303,945
Mill City Mortgage Loan Trust 3.250%, 08/25/59 (144A) (a)		8,400,000		8,866,038
Morgan Stanley Re-REMIC Trust 1.052%, 03/26/37 (144A) (g)		1,733,072		1,749,350
MortgageIT Mortgage Loan Trust 0.546%, 1M LIBOR + 0.460%, 04/25/36 (a)		1,941,846		1,872,857
Nomura Asset Acceptance Corp. Alternative Loan Trust 5.476%, 05/25/35 (g)		704,661		457,929
OBX Trust 0.736%, 1M LIBOR + 0.650%, 06/25/57 (144A) (a)		8,970,223		8,972,003
RBSSP Resecuritization Trust 0.564%, 1M LIBOR + 0.240%, 06/27/36 (144A) (a)		4,729,620		4,681,852
Residential Asset Securitization Trust 6.000%, 06/25/36		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 0.587%, 1M LIBOR + 0.500%, 07/19/35 (a)		292,841		294,564
Towd Point Mortgage Funding 0.950%, 3M SONIA + 0.900%, 07/20/45 (144A) (GBP) (a)		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 2.379%, 09/25/33 (a)		113,949		115,967
				348,917,707
Commercial Mortgage-Backed Securities—4.1%
1211 Avenue of the Americas Trust 3.901%, 08/10/35 (144A)		12,100,000		13,119,041
225 Liberty Street Trust 3.597%, 02/10/36 (144A)		11,600,000		12,534,494
ACRES Commercial Realty Corp. 2.665%, SOFR + 2.614%, 04/17/37 (144A) (a)		1,870,399		1,871,595
Arbor Multifamily Mortgage Securities Trust 2.756%, 05/15/53 (144A)		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 4.016%, 03/15/52		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 3.545%, 02/10/36 (144A)		11,600,000	$	12,484,096
CSAIL Commercial Mortgage Trust 3.314%, 11/15/49		2,558,638		2,697,570
DBGS Mortgage Trust 3.843%, 04/10/37 (144A)		11,950,000		13,328,552
DC Office Trust 2.965%, 09/15/45 (144A)		1,000,000		1,058,955
DOLP Trust 2.956%, 05/10/41 (144A)		13,200,000		13,971,030
Extended Stay America Trust 1.164%, 1M LIBOR + 1.080%, 07/15/38 (144A) (a)		13,927,543		13,966,858
GCT Commercial Mortgage Trust 0.884%, 1M LIBOR + 0.800%, 02/15/38 (144A) (a)		4,000,000		4,004,031
GS Mortgage Securities Corp. Trust 2.856%, 05/10/34 (144A)		8,900,000		8,879,081
GS Mortgage Securities Trust 3.278%, 11/10/49 (a)		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 1.084%, 1M LIBOR + 1.000%, 06/15/32 (144A) (a)		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. 0.965%, SOFR + 0.914%, 07/15/35 (144A) (a)		7,694,142		7,689,014
Manhattan West Mortgage Trust 2.130%, 09/10/39 (144A)		12,300,000		12,538,508
MF1 Multifamily Housing Mortgage Loan Trust 1.015%, SOFR + 0.964%, 07/15/36 (144A) (a)		13,200,000		13,187,196
Morgan Stanley Bank of America Merrill Lynch Trust 2.952%, 11/15/49		10,000,000		10,491,471
Morgan Stanley Capital I Trust 2.509%, 04/05/42 (144A) (a)		7,500,000		7,667,015
				218,585,019
Total Mortgage-Backed Securities (Cost $554,169,307)				567,502,726
Foreign Government—4.3%
Provincial—0.4%
Province of Ontario Canada 3.150%, 06/02/22 (CAD)		9,300,000		7,481,265
Province of Quebec Canada 3.500%, 12/01/22 (CAD)		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 3.375%, 09/27/23 (144A)		14,000,000		14,774,404
Sovereign—3.6%
Brazil Letras do Tesouro Nacional 3.976%, 01/01/22 (BRL)(k)		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 2.750%, 07/03/30		14,500,000		15,410,455
Ivory Coast Government International Bond 5.875%, 10/17/31 (144A) (EUR)		4,900,000		5,915,892
Japan Bank for International Cooperation 2.875%, 07/21/27		11,200,000		12,157,327
Kuwait International Government Bond 2.750%, 03/20/22		7,000,000		7,070,000
Peruvian Government International Bonds 5.940%, 02/12/29 (PEN)		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 4.500%, 04/23/28		15,500,000		18,065,839
5.103%, 04/23/48		1,500,000		1,988,718
				192,878,833
Total Foreign Government (Cost $248,405,381)				229,909,959
Municipals—1.0%
Chicago Transit Authority Transfer Tax Receipts Revenue 6.300%, 12/01/21		60,000		60,571
City of Chicago General Obligation Unlimited 7.750%, 01/01/42		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. 1.346%, 03/15/26		8,100,000		8,145,608
Sales Tax Securitization Corp. 3.007%, 01/01/33		10,100,000		10,531,128
3.057%, 01/01/34		2,000,000		2,084,034
State Board of Administration Finance Corp. 1.258%, 07/01/25		12,800,000		12,937,998
State of Illinois General Obligation Unlimited, Build America Bond 6.725%, 04/01/35		5,720,000		7,060,893
Tobacco Settlement Finance Authority 1.820%, 06/01/26		2,250,000		2,258,878
Total Municipals (Cost $49,392,462)				51,409,237
Preferred Stock—0.8%
Wireless Telecommunication Services—0.8%
AT&T Mobility II LLC, 7.000%,† (i) (j) (Cost $44,469,020)		1,644,083		43,183,718
Floating Rate Loans (l)—0.3%
Investment Companies—0.2%
Castlelake L.P.
First Lien Term Loan, 2.950%, 3M LIBOR + 2.950%, 05/13/31 (i) (j)		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 (Cost $13,732,830)				13,771,381
Short-Term Investments—11.4%
Repurchase Agreements—0.6%
Fixed Income Clearing Corp. Repurchase Agreement dated 09/30/21 at 0.000%, due on 10/01/21 with a maturity value of $7,294,591; collateralized by U.S. Treasury Note at 1.250%, maturing 06/30/28, with a market value of $7,440,580.		7,294,591		7,294,591
JPMorgan Securities LLC Repurchase Agreement dated 09/30/21 at 0.030%, due on 10/01/21 with a maturity value of $26,400,022; collateralized by U.S. Treasury Note at 0.375%, maturing 09/30/27, with market value of $26,962,405.		26,400,000		26,400,000
				33,694,591
U.S. Treasury—10.8%
U.S. Treasury Bills 0.031%, 11/26/21 (k)		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 0.045%, 01/04/22 (d) (e) (k) (m)		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 (Cost $612,005,070)				611,998,152
Total Purchased Options—0.0% (o) (Cost $1,648,831)				1,265,196
Total Investments—114.9% (Cost $6,020,148,503)				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 10.375%, due 01/28/33		1.000	%		Quarterly		12/20/26		GSI		1.681%			USD	3,300,000	$	(111,580	)	$	(89,427	)	$	(22,153	)
Colombia Government International Bond 10.375%, due 01/28/33		1.000	%		Quarterly		12/20/26		JPMC		1.681	%		USD	10,700,000		(361,791	)		(289,960	)		(71,831	)
Republic of South Africa 5.500%, due 03/09/20		1.000	%		Quarterly		06/20/24		GSI		1.293	%		USD	14,280,000		(112,955	)		(309,349	)		196,394
Russian Federation 7.500%, due 03/31/30		1.000	%		Quarterly		12/20/24		GSI		0.575	%		USD	11,900,000		162,358			47,357			115,001
Russian Federation 7.500%, due 03/31/30		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 (Cost $572,025,922)				695,150,680
Corporate Bonds & Notes—38.4%
Aerospace/Defense—0.6%
Boeing Co. (The) 1.433%, 02/04/24		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. 5.800%, 02/14/39		1,171,000		1,439,958
BAT Capital Corp. 4.390%, 08/15/37		3,506,000		3,765,561
Bunge, Ltd. Finance Corp. 2.750%, 05/14/31 (b)		1,865,000		1,889,714
Cargill, Inc. 0.750%, 02/02/26 (144A) (b)		2,710,000		2,665,918
				9,761,151
Airlines—0.2%
Southwest Airlines Co. 4.750%, 05/04/23		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 2.700%, 08/10/26		3,043,000		3,049,086
General Motors Co. 6.125%, 10/01/25		3,125,000		3,661,535
General Motors Financial Co., Inc. 5.100%, 01/17/24 (b)		844,000		921,379
				7,632,000
Banks—9.9%
Banco Santander S.A. 2.706%, 06/27/24		4,600,000		4,838,214
2.749%, 12/03/30		2,200,000		2,189,099
Bank of America Corp. 1.734%, SOFR + 0.960%, 07/22/27 (c)		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 2.029%, 1Y H15 + 1.100%, 09/30/27 (144A) (c)		1,024,000		1,023,404
4.500%, 11/25/23 (144A) (b)		4,622,000		4,953,547
BNP Paribas S.A. 2.871%, SOFR + 1.387%, 04/19/32 (144A) (c)		3,061,000		3,126,088
BPCE S.A. 2.277%, SOFR + 1.312%, 01/20/32 (144A) (c)		2,741,000		2,662,278
Citigroup, Inc. 2.666%, SOFR + 1.146%, 01/29/31 (c)		13,016,000		13,330,172
Credit Suisse AG 0.440%, SOFR + 0.390%, 02/02/24 (b) (c)		2,267,000		2,271,262
Credit Suisse Group AG 1.305%, SOFR + 0.980%, 02/02/27 (144A) (c)		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 1.686%, 03/19/26 (b)		5,407,000		5,437,727
Goldman Sachs Group, Inc. (The) 0.460%, SOFR + 0.410%, 01/27/23 (c)		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 1.326%, 1Y H15 + 1.100%, 06/15/23 (c)		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. 5.125%, 3M LIBOR + 3.520%, 11/01/26 (b) (c)		1,654,000		1,823,102
Manufacturers & Traders Trust Co. 3.400%, 08/17/27		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 2.699%, SOFR + 1.143%, 01/22/31 (c)		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 3.073%, 1Y H15 + 2.550%, 05/22/28 (b) (c)		2,333,000		2,477,170
4.800%, 04/05/26 (b)		1,708,000		1,941,580
Santander Holdings USA, Inc. 3.500%, 06/07/24		1,742,000		1,850,529
Santander UK Group Holdings plc 1.532%, 1Y H15 + 1.250%, 08/21/26 (c)		1,154,000		1,151,682
Societe Generale S.A. 1.792%, 1Y H15 + 1.000%, 06/09/27 (144A) (c)		1,538,000		1,529,654
Truist Financial Corp. 4.800%, 5Y H15 + 3.003%, 09/01/24 (b) (c)		10,078,000		10,617,979
UBS Group AG 1.364%, 1Y H15 + 1.080%, 01/30/27 (144A) (b) (c)		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. 1.982%, 1Y H15 + 1.200%, 06/03/27 (144A) (c)		2,487,000		2,480,698
Wells Fargo & Co. 3.196%, 3M LIBOR + 1.170%, 06/17/27 (c)		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. 4.439%, 10/06/48 (b)		9,294,000		10,873,071
Coca-Cola Co. (The) 2.875%, 05/05/41		2,880,000		2,970,302
JDE Peet’s NV 2.250%, 09/24/31 (144A)		1,519,000		1,485,053
				15,328,426
Biotechnology—0.2%
Amgen, Inc. 3.375%, 02/21/50		3,286,000		3,374,359
Building Materials—0.3%
Carrier Global Corp. 2.700%, 02/15/31 (b)		4,486,000		4,618,945
Masco Corp. 1.500%, 02/15/28		500,000		486,441
				5,105,386
Chemicals—0.2%
Sherwin-Williams Co. (The) 3.450%, 06/01/27 (b)		1,305,000		1,433,027
Westlake Chemical Corp. 3.375%, 06/15/30		1,131,000		1,219,274
				2,652,301
Commercial Services—0.5%
Moody’s Corp. 3.250%, 05/20/50		2,800,000		2,867,559
Quanta Services, Inc. 2.900%, 10/01/30		2,358,000		2,439,176
S&P Global, Inc. 2.500%, 12/01/29		1,098,000		1,147,194
Transurban Finance Co. Pty, Ltd. 2.450%, 03/16/31 (144A)		1,116,000		1,118,203
				7,572,132
Diversified Financial Services—0.9%
AerCap Ireland Capital DAC / AerCap Global Aviation Trust 1.750%, 01/30/26		1,118,000		1,106,579
Capital One Financial Corp. 2.359%, SOFR + 1.337%, 07/29/32 (c)		1,345,000		1,316,796
Discover Financial Services 4.500%, 01/30/26		2,627,000		2,942,680
GE Capital International Funding Co. 4.418%, 11/15/35		4,713,000		5,655,846
MasterCard, Inc. 3.850%, 03/26/50		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. 3.700%, 07/15/30		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 2.900%, 07/01/50		2,897,000		2,925,918
Duke Energy Corp. 3.300%, 06/15/41		130,000		132,058
3.500%, 06/15/51		120,000		123,565
Eversource Energy 1.650%, 08/15/30		2,007,000		1,906,130
Exelon Corp. 4.700%, 04/15/50 (b)		2,811,000		3,552,079
NRG Energy, Inc. 2.450%, 12/02/27 (144A)		2,705,000		2,744,954
Pacific Gas and Electric Co. 3.300%, 08/01/40 (b)		3,059,000		2,822,597
Sempra Energy 3.800%, 02/01/38		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. 1.450%, 02/15/31 (b)		1,000,000		937,067
Food—0.7%
Flowers Foods, Inc. 2.400%, 03/15/31 (b)		1,803,000		1,802,025
Mondelez International, Inc. 2.750%, 04/13/30 (b)		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. 1.700%, 02/15/31 (b)		3,751,000		3,533,402
Hand/Machine Tools—0.2%
Stanley Black & Decker, Inc. 4.000%, 5Y H15 + 2.657%, 03/15/60 (c)		2,255,000		2,414,609
Healthcare-Products—0.7%
Alcon Finance Corp. 2.600%, 05/27/30 (144A)		4,427,000		4,520,349
2.750%, 09/23/26 (144A) (b)		1,488,000		1,570,876
DH Europe Finance II Sarl 3.400%, 11/15/49		3,427,000		3,703,443
				9,794,668
Healthcare-Services—0.4%
HCA, Inc. 2.375%, 07/15/31		3,007,000		2,955,216
UnitedHealth Group, Inc. 2.875%, 08/15/29		2,245,000		2,408,339
				5,363,555
Home Furnishings—0.1%
Whirlpool Corp. 4.500%, 06/01/46		1,605,000		1,913,591
Insurance—0.6%
Hartford Financial Services Group, Inc. 2.900%, 09/15/51		1,285,000		1,239,395
High Street Funding Trust II 4.682%, 02/15/48 (144A)		1,250,000		1,512,179
Progressive Corp. (The) 5.375%, 3M LIBOR + 2.539%, 03/15/23 (c)		4,400,000		4,565,000
Prudential Financial, Inc. 4.500%, 3M LIBOR + 2.380%, 09/15/47 (b) (c)		1,870,000		2,027,144
				9,343,718
Internet—0.3%
Amazon.com, Inc. 2.500%, 06/03/50		3,760,000		3,521,436
Expedia Group, Inc. 2.950%, 03/15/31 (b)		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. 11.500%, 04/01/23 (144A)		168,000		187,530
Lodging—0.4%
Las Vegas Sands Corp. 3.200%, 08/08/24		4,495,000		4,615,235
Marriott International, Inc. 2.750%, 10/15/33		735,000		718,662
2.850%, 04/15/31		887,000		898,337
				6,232,234
Machinery-Construction & Mining—0.1%
Caterpillar, Inc. 3.250%, 04/09/50 (b)		1,626,000		1,768,676
Machinery-Diversified—0.3%
Otis Worldwide Corp. 2.565%, 02/15/30		2,268,000		2,328,352
3.112%, 02/15/40		650,000		666,250
Xylem, Inc. 2.250%, 01/30/31 (b)		1,835,000		1,836,459
				4,831,061
Media—1.1%
Charter Communications Operating LLC / Charter Communications Operating Capital Corp. 3.700%, 04/01/51		6,000,000		5,841,742
Comcast Corp. 3.400%, 04/01/30		2,250,000		2,478,010
Discovery Communications LLC 3.625%, 05/15/30 (b)		1,525,000		1,653,885
4.125%, 05/15/29 (b)		2,621,000		2,927,380
ViacomCBS, Inc. 4.750%, 05/15/25		3,137,000		3,520,543
				16,421,560
Mining—0.2%
Barrick North America Finance LLC 5.750%, 05/01/43		2,247,000		3,095,129
Miscellaneous Manufacturing—0.3%
Ingersoll-Rand Luxembourg Finance S.A. 3.500%, 03/21/26		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 4.375%, 5Y H15 + 4.036%, 06/22/25 (b) (c)		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. 2.650%, 01/15/32 (b)		855,000		838,837
ConocoPhillips 2.400%, 02/15/31 (144A)		451,000		458,631
3.750%, 10/01/27 (144A)		1,266,000		1,413,919
Continental Resources, Inc. 4.375%, 01/15/28 (b)		1,596,000		1,765,575
5.750%, 01/15/31 (144A) (b)		507,000		612,836
Devon Energy Corp. 5.850%, 12/15/25 (b)		1,595,000		1,845,501
Diamondback Energy, Inc. 3.125%, 03/24/31		2,336,000		2,425,623
EOG Resources, Inc. 4.375%, 04/15/30		1,145,000		1,336,775
EQT Corp. 6.625%, 02/01/25 (b)		4,160,000		4,761,328
Hess Corp. 3.500%, 07/15/24 (b)		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. 4.500%, 04/01/48		2,723,000		3,082,735
Occidental Petroleum Corp. 3.200%, 08/15/26 (b)		1,493,000		1,524,263
Pioneer Natural Resources Co. 1.125%, 01/15/26 (b)		1,584,000		1,563,691
Valero Energy Corp. 4.000%, 04/01/29 (b)		1,705,000		1,874,453
				32,400,142
Packaging & Containers—0.3%
Berry Global, Inc. 1.650%, 01/15/27 (144A) (b)		1,986,000		1,960,996
CCL Industries, Inc. 3.050%, 06/01/30 (144A)		1,885,000		1,974,779
				3,935,775
Pharmaceuticals—1.5%
AbbVie, Inc. 4.250%, 11/21/49		5,700,000		6,751,381
Becton Dickinson & Co. 2.823%, 05/20/30 (b)		4,437,000		4,649,182
Bristol-Myers Squibb Co. 3.200%, 06/15/26 (b)		4,488,000		4,893,060
Cigna Corp. 3.400%, 03/01/27		1,000,000		1,092,758
CVS Health Corp. 2.700%, 08/21/40		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 3.700%, 11/15/29		8,126,000		8,818,333
Enable Midstream Partners L.P. 4.400%, 03/15/27 (b)		744,000		824,231
4.950%, 05/15/28		1,098,000		1,233,411
Energy Transfer L.P. 4.050%, 03/15/25		1,531,000		1,651,539
Kinder Morgan Energy Partners L.P. 5.800%, 03/15/35 (b)		311,000		399,526
6.950%, 01/15/38		1,655,000		2,345,550
Kinder Morgan, Inc. 2.000%, 02/15/31 (b)		1,188,000		1,145,049
MPLX L.P. 4.500%, 04/15/38		2,817,000		3,144,722
ONEOK, Inc. 4.350%, 03/15/29 (b)		903,000		1,018,948
Plains All American Pipeline L.P. / PAA Finance Corp. 3.550%, 12/15/29 (b)		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. 1.875%, 02/01/33		2,419,000		2,276,191
American Tower Corp. 2.100%, 06/15/30		6,606,000		6,464,462
3.800%, 08/15/29		1,413,000		1,566,872
Boston Properties L.P. 3.250%, 01/30/31		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 2.800%, 05/15/30		1,000,000		1,055,414
4.100%, 10/15/28 (b)		465,000		533,437
Crown Castle International Corp. 2.250%, 01/15/31 (b)		7,852,000		7,673,484
3.700%, 06/15/26		1,312,000		1,432,067
Digital Realty Trust L.P. 3.700%, 08/15/27		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. 2.150%, 07/15/30 (b)		7,581,000		7,434,587
Essex Portfolio L.P. 2.650%, 03/15/32 (b)		3,000,000		3,031,612
Highwoods Realty L.P. 4.200%, 04/15/29		1,424,000		1,593,810
Kimco Realty Corp. 2.700%, 10/01/30 (b)		2,122,000		2,181,541
4.250%, 04/01/45		1,287,000		1,480,018
Mid-America Apartments L.P. 2.750%, 03/15/30 (b)		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. 2.750%, 04/01/32		520,000	$	511,176
3.150%, 08/15/30 (b)		1,863,000		1,914,806
Prologis L.P. 2.125%, 10/15/50		756,000		645,506
Vornado Realty L.P. 3.500%, 01/15/25		3,000,000		3,188,915
Welltower, Inc. 2.050%, 01/15/29		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. 0.578%, 3M LIBOR + 0.450%, 08/10/22 (144A) (b) (c)		2,173,000		2,173,544
Home Depot, Inc. (The) 3.350%, 04/15/50		3,000,000		3,245,623
McDonald’s Corp. 3.600%, 07/01/30 (b)		2,145,000		2,385,694
Ross Stores, Inc. 1.875%, 04/15/31 (b)		1,390,000		1,341,287
Starbucks Corp. 3.500%, 11/15/50 (b)		2,369,000		2,514,862
Tractor Supply Co. 1.750%, 11/01/30		1,350,000		1,296,054
				12,957,064
Savings & Loans—0.0%
Nationwide Building Society 3.766%, 3M LIBOR + 1.064%, 03/08/24 (144A) (b) (c)		616,000		642,205
Semiconductors—1.2%
Analog Devices, Inc. 1.700%, 10/01/28		1,419,000		1,422,004
Broadcom, Inc. 2.600%, 02/15/33 (144A)		3,032,000		2,912,504
Intel Corp. 2.800%, 08/12/41		1,782,000		1,776,477
NXP B.V. / NXP Funding LLC / NXP USA, Inc. 3.400%, 05/01/30 (144A)		3,444,000		3,738,310
3.875%, 06/18/26 (144A) (b)		2,000,000		2,203,457
QUALCOMM, Inc. 1.650%, 05/20/32		6,000,000		5,714,371
				17,767,123
Software—0.8%
Fiserv, Inc. 3.200%, 07/01/26		5,793,000		6,254,397
salesforce.com, Inc. 2.700%, 07/15/41		500,000		498,520
VMware, Inc. 2.200%, 08/15/31		4,864,000		4,755,866
				11,508,783
Telecommunications—2.4%
AT&T, Inc. 3.500%, 06/01/41		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. 3.500%, 04/15/31 (b)		722,000		761,446
3.875%, 04/15/30		7,435,000		8,209,445
Telefonica Emisiones S.A.U. 5.213%, 03/08/47		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 (Cost $569,879,293)				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 (Cost $2,009,700)				2,355,235
Short-Term Investments—13.1%
Repurchase Agreement—1.3%
Fixed Income Clearing Corp. Repurchase Agreement dated 09/30/21 at 0.000%, due on 10/01/21 with a maturity value of $19,281,463; collateralized by U.S. Treasury Note at 1.250%, maturing 06/30/28, with a market value of $19,667,133.		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 (Cost $198,066,500)				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 0.200%, 11/22/21		3,000,000	$	3,000,174
Natixis S.A. (New York) 0.167%, 3M LIBOR + 0.040%, 02/11/22 (c)		2,000,000		2,000,306
Oversea-Chinese Banking Corp., Ltd. 0.152%, 3M LIBOR + 0.020%, 03/25/22 (c)		2,000,000		2,000,108
Standard Chartered Bank (NY) 0.150%, 02/02/22		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%, due on 10/01/21 with a maturity value of $7,000,037; collateralized by various Common Stock with an aggregate market value of $7,778,640.		7,000,000		7,000,000
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.
Repurchase Agreement dated 09/30/21 at 0.040%, due on 10/01/21 with a maturity value of $14,060,814; collateralized by U.S. Treasury Obligations with rates ranging from 0.000% - 3.625%, maturity dates ranging from 01/15/22 - 02/15/50, and an aggregate market value of $14,342,015.		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 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% - 4.750%, maturity dates ranging from 11/18/21 - 08/15/50, and an aggregate market value of $5,100,007.		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 Repurchase Agreement dated 09/30/21 at 0.200%, due on 10/07/21 with a maturity value of $8,000,311; collateralized by various Common Stock with an aggregate market value of $8,890,080.		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 0.070%, 10/01/21		4,000,000		4,000,000
DZ Bank AG 0.040%, 10/01/21		2,000,000		2,000,000
First Abu Dhabi Bank USA NV 0.060%, 10/01/21		2,000,000		2,000,000
Landesbank Baden-Wuettertemberg (London) 0.130%, 10/01/21		1,200,000		1,200,000
Skandi New York 0.050%, 10/01/21		2,000,000		2,000,000
				11,200,000
Mutual Funds—1.3%
BlackRock Liquidity Funds FedFund, Institutional Shares 0.030% (f)		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  0.030% (f)		5,000,000	$	5,000,000
				20,000,000
Total Securities Lending Reinvestments (Cost $118,792,696)				118,793,347
Total Investments—105.3% (Cost $1,460,774,111)				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 (Cost $380,884,083)				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 (Cost $6,582,372)				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., Expires 10/22/21 (a)		56		3,755
Total Rights (Cost $0)				5,596
Short-Term Investment—2.1%
Security Description	Shares Principal Amount*		Value
Mutual Funds—2.1%
AIM STIT-STIC Prime Portfolio		9,205,264		9,205,264
Total Short-Term Investments (Cost $9,205,264)				9,205,264
Securities Lending Reinvestments (e)—0.7%
Repurchase Agreements—0.6%
Barclays Bank plc Repurchase Agreement dated 09/30/21 at 0.190%, due on 10/01/21 with a maturity value of $600,003; collateralized by various Common Stock with an aggregate market value of $666,741.		600,000		600,000
BofA Securities, Inc. Repurchase Agreement dated 09/30/21 at 0.050%, due on 10/01/21 with a maturity value of $78,335; collateralized by U.S. Treasury Note with rates ranging from 0.125% - 0.875%, maturity dates ranging from 07/15/22 - 01/15/31, and an aggregate market value of $79,902.		78,335		78,335
Cantor Fitzgerald & Co. Repurchase Agreement dated 09/30/21 at 0.055%, due on 10/01/21 with a maturity value of $636,361; collateralized by U.S. Treasury and U.S. Government Agency Obligations with rates ranging from 0.000% - 5.500%, maturity dates ranging from 11/01/26 - 07/20/71, and an aggregate market value of $649,088.		636,361		636,361
CF Secured LLC Repurchase Agreement dated 09/30/21 at 0.050%, due on 10/01/21 with a maturity value of $600,001; collateralized by U.S. Treasury Obligations with rates ranging from 0.000% - 4.750%, maturity dates ranging from 11/18/21 - 08/15/50, and an aggregate market value of $612,001.		600,000		600,000
ING Financial Markets LLC Repurchase Agreement dated 09/30/21 at 0.040%, due on 10/01/21 with a maturity value of $650,001; collateralized by U.S. Treasury and Foreign Obligations with rates ranging from 0.065% - 6.625%, maturity dates ranging from 10/12/21 - 01/04/35, and an aggregate market value of $663,000.		650,000		650,000
				2,564,696
Time Deposit—0.0%
Landesbank Baden-Wuettertemberg (London) 0.130%, 10/01/21		37,538		37,538
Mutual Funds—0.1%
BlackRock Liquidity Funds FedFund, Institutional Shares 0.030% (f)		100,000		100,000
Goldman Sachs Financial Square Government Fund, Institutional Shares 0.030% (f)		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 0.030% (f)		100,000	$	100,000
Wells Fargo Government Money Market Fund, Select Class 0.030% (f)		100,000		100,000
				500,000
Total Securities Lending Reinvestments (Cost $3,102,234)				3,102,234
Total Investments—98.6% (Cost $399,773,953)				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 Net Assets
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 (Cost $1,872,022,262)				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 (Cost $63,450,215)				63,450,215
Securities Lending Reinvestments (c)—27.6%
Certificates of Deposit—8.1%
Agricultural Bank of China 0.200%, 11/22/21		9,000,000		9,000,522
Bank of Montreal (Chicago) 0.179%, 1M BSBY + 0.120%, 12/01/21 (d)		15,000,000		14,999,730
Barclays Bank plc 0.180%, 04/07/22		15,000,000		15,008,655
Cooperatieve Rabobank UA 0.170%, 03/18/22		13,000,000		13,000,000
Credit Industriel et Commercial Zero Coupon, 10/12/21		10,000,000		9,999,600
Goldman Sachs Bank USA 0.170%, 02/04/22		7,000,000		7,000,490
Mitsubishi UFJ Trust and Banking Corp. (London) Zero Coupon, 11/15/21		5,000,000		4,999,200
Mizuho Bank, Ltd. 0.160%, 03/25/22		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. 0.160%, 03/02/22		5,000,000		4,999,750
Natixis S.A. (New York) 0.167%, 3M LIBOR + 0.040%, 02/11/22 (d)		5,000,000		5,000,765
Oversea-Chinese Banking Corp., Ltd. 0.152%, 3M LIBOR + 0.020%, 03/25/22 (d)		10,000,000		10,000,540
Societe Generale 0.150%, 03/15/22		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) Zero Coupon, 12/20/21		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 0.197%, 3M LIBOR + 0.070%, 11/19/21 (d)		2,000,000		2,000,242
				179,000,684
Commercial Paper—0.5%
Antalis S.A. 0.120%, 12/01/21		5,000,000		4,998,575
UBS AG 0.240%, 03/30/22		5,000,000		4,995,363
				9,993,938
Master Demand Notes—0.5%
Natixis Financial Products LLC 0.300%, OBFR + 0.230%, 10/01/21 (d)		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. Repurchase Agreement dated 09/30/21 at 0.040%, due on 10/01/21 with a maturity value of $36,588,434; collateralized by U.S. Treasury Obligations with rates ranging from 0.000% - 3.625%, maturity dates ranging from 01/15/22 - 02/15/50, and an aggregate market value of $37,320,162.		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 Amount*		Value
Repurchase Agreements —(Continued)
BofA Securities, Inc. Repurchase Agreement dated 09/30/21 at 0.350%, due on 11/04/21 with a maturity value of $20,006,806; 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 $20,834,478.		20,000,000	$	20,000,000
CF Secured LLC 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% - 4.750%, maturity dates ranging from 11/18/21 - 08/15/50, and an aggregate market value of $40,800,057.		40,000,000		40,000,000
Citigroup Global Markets Ltd. Repurchase Agreement dated 09/30/21 at 0.060%, due on 10/01/21 with a maturity value of $10,000,017; collateralized by U.S. Treasury Obligations with rates ranging from 0.500% - 3.000%, maturity dates ranging from 02/29/24 - 05/15/49, and an aggregate market value of $10,200,001.		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 $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
Deutsche Bank AG, London Repurchase Agreement dated 09/30/21 at 0.150%, due on 10/01/21 with a maturity value of $7,600,032; 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 $7,752,034.		7,600,000		7,600,000
National Bank of Canada Repurchase Agreement dated 09/30/21 at 0.200%, due on 10/07/21 with a maturity value of $50,001,944; collateralized by various Common Stock with an aggregate market value of $55,563,001.		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 0.070%, 10/01/21		10,000,000		10,000,000
DZ Bank AG 0.040%, 10/01/21		2,000,000		2,000,000
First Abu Dhabi Bank USA NV 0.060%, 10/01/21		5,000,000		5,000,000
Landesbank Baden-Wuettertemberg (London) 0.130%, 10/01/21		6,300,000		6,300,000
National Bank of Canada 0.120%, OBFR + 0.050%, 10/07/21 (d)		10,000,000		10,000,000
				33,300,000
Mutual Funds—2.4%
AB Government Money Market Portfolio, Institutional Class  0.010% (e)		13,192,674		13,192,674
BlackRock Liquidity Funds FedFund, Institutional Shares 0.030% (e)		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  0.030% (e)		10,000,000		10,000,000
				53,192,674
Total Securities Lending Reinvestments (Cost $611,925,064)				611,935,852
Total Investments— 127.6% (Cost $2,547,397,541)				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

SSGA Growth ETF Portfolio

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 (Cost $699,848,644)				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 (Cost $22,601,800)				22,601,800
Securities Lending Reinvestments (c)—28.2%
Certificates of Deposit—6.2%
Agricultural Bank of China 0.200%, 11/22/21		2,000,000		2,000,116
Bank of Montreal (Chicago) 0.179%, 1M BSBY + 0.120%, 12/01/21 (d)		5,000,000		4,999,910
Barclays Bank plc 0.180%, 04/07/22		5,000,000		5,002,885
Cooperatieve Rabobank UA 0.170%, 03/18/22		3,000,000		3,000,000
Credit Industriel et Commercial Zero Coupon, 10/12/21		5,000,000		4,999,800
Goldman Sachs Bank USA 0.170%, 02/04/22		7,000,000		7,000,490
Mitsubishi UFJ Trust and Banking Corp. (London) Zero Coupon, 11/15/21		1,000,000		999,840
Natixis S.A. (New York) 0.167%, 3M LIBOR + 0.040%, 02/11/22 (d)		3,000,000		3,000,459
Oversea-Chinese Banking Corp., Ltd. 0.152%, 3M LIBOR + 0.020%, 03/25/22 (d)		2,000,000		2,000,108
Societe Generale 0.150%, 03/15/22		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) Zero Coupon, 12/20/21		8,000,000		7,997,600
Sumitomo Mitsui Trust Bank, Ltd. Zero Coupon, 02/10/22		2,000,000		1,998,880
				54,999,804
Commercial Paper—0.8%
Antalis S.A. 0.120%, 12/01/21		4,000,000		3,998,860
UBS AG 0.240%, 03/30/22		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. Repurchase Agreement dated 09/30/21 at 0.040%, due on 10/01/21 with a maturity value of $33,545,724; collateralized by U.S. Treasury Obligations with rates ranging from 0.000% - 3.625%, maturity dates ranging from 01/15/22 - 02/15/50, and an aggregate market value of $34,216,602.		33,545,687		33,545,687
CF Secured LLC Repurchase Agreement dated 09/30/21 at 0.050%, due on 10/01/21 with a maturity value of $30,000,042; collateralized by U.S. Treasury Obligations with rates ranging from 0.000% - 4.750%, maturity dates ranging from 11/18/21 - 08/15/50, and an aggregate market value of $30,600,043.		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 Amount*		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 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 $11,112,600.		10,000,000		10,000,000
NBC Global Finance, Ltd. Repurchase Agreement dated 09/30/21 at 0.235%, due on 10/07/21 with a maturity value of $3,200,146; 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 $3,552,100.		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 0.070%, 10/01/21		10,000,000		10,000,000
DZ Bank AG 0.040%, 10/01/21		2,000,000		2,000,000
First Abu Dhabi Bank USA NV 0.060%, 10/01/21		5,000,000		5,000,000
Landesbank Baden-Wuettertemberg (London) 0.130%, 10/01/21		2,500,000		2,500,000
National Bank of Canada 0.120%, OBFR + 0.050%, 10/07/21 (d)		5,000,000		5,000,000
				24,500,000
Mutual Funds—3.4%
BlackRock Liquidity Funds FedFund, Institutional Shares 0.030% (e)		10,000,000		10,000,000
Goldman Sachs Financial Square Government Fund, Institutional Shares 0.030% (e)		10,000,000		10,000,000
STIT-Government & Agency Portfolio, Institutional Class  0.030% (e)		10,000,000		10,000,000
				30,000,000
Total Securities Lending Reinvestments (Cost $249,714,199)				249,718,805
Total Investments—128.1% (Cost $972,164,643)				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 (Cost $2,368,122,685)				3,129,972,620
Convertible Preferred Stocks—0.6%
Electric Utilities—0.4%
Southern Co. (The) 6.750%, 08/01/22		211,505		10,788,870
Health Care Equipment & Supplies—0.2%
Becton Dickinson and Co. 6.000%, 06/01/23 (b)		137,731		7,434,719
Pharmaceuticals—0.0%
Elanco Animal Health, Inc. 5.000%, 02/01/23 (b)		19,833		989,072
Total Convertible Preferred Stocks (Cost $18,480,922)				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 (Cost $40,409,440)				40,409,440
Securities Lending Reinvestments (d)—4.1%
Certificates of Deposit—0.6%
Barclays Bank plc 0.180%, 04/07/22		2,000,000		2,001,154
Cooperatieve Rabobank UA 0.170%, 03/18/22		2,000,000		2,000,000
Goldman Sachs Bank USA 0.170%, 02/04/22		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. 0.160%, 03/25/22		3,000,000		2,999,853
MUFG Bank Ltd. 0.150%, 01/11/22		2,000,000		2,000,056
Sumitomo Mitsui Banking Corp. 0.142%, 1M LIBOR + 0.060%, 12/17/21 (e)		3,500,000		3,500,084
Sumitomo Mitsui Trust Bank, Ltd. 0.060%, 10/05/21		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. Repurchase Agreement dated 09/30/21 at 0.040%, due on 10/01/21 with a maturity value of $15,196,782; collateralized by U.S. Treasury Obligations with rates ranging from 0.000% - 3.625%, maturity dates ranging from 01/15/22 - 02/15/50, and an aggregate market value of $15,500,701.		15,196,765	$	15,196,765
Citigroup Global Markets Ltd. Repurchase Agreement dated 09/30/21 at 0.060%, due on 10/01/21 with a maturity value of $10,000,017; collateralized by U.S. Treasury Obligations with rates ranging from 0.500% - 3.000%, maturity dates ranging from 02/29/24 - 05/15/49, and an aggregate market value of $10,200,001.		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 Repurchase Agreement dated 09/30/21 at 0.150%, due on 10/01/21 with a maturity value of $500,002; 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 $510,002.		500,000		500,000
ING Financial Markets LLC Repurchase Agreement dated 09/30/21 at 0.040%, due on 10/01/21 with a maturity value of $25,000,028; collateralized by U.S. Treasury and Foreign Obligations with rates ranging from 0.065% - 6.625%, maturity dates ranging from 10/12/21 - 01/04/35, and an aggregate market value of $25,000,005.		25,000,000		25,000,000
National Bank of Canada Repurchase Agreement dated 09/30/21 at 0.200%, due on 10/07/21 with a maturity value of $5,000,194; collateralized by various Common Stock with an aggregate market value of $5,556,300.		5,000,000		5,000,000
NBC Global Finance, Ltd. 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

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 0.070%, 10/01/21		5,000,000		5,000,000
DZ Bank AG 0.040%, 10/01/21		3,000,000		3,000,000
First Abu Dhabi Bank USA NV 0.060%, 10/01/21		4,000,000		4,000,000
Landesbank Baden-Wuettertemberg (London) 0.130%, 10/01/21		700,000		700,000
National Bank of Canada 0.120%, OBFR + 0.050%, 10/07/21 (e)		3,000,000		3,000,000
				15,700,000
Mutual Funds—0.5%
BlackRock Liquidity Funds FedFund, Institutional Shares 0.030% (f)		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 (Cost $131,848,598)				131,850,052
Total Investments— 103.7% (Cost $2,558,861,645)				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 (Cost $957,640,726)				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 (Cost $12,552,064)				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 (Cost $48,423,562)				48,423,562
Securities Lending Reinvestments (f)—13.2%
Certificates of Deposit—4.2%
Agricultural Bank of China 0.190%, 11/17/21		3,000,000		3,000,120
Bank of Montreal (Chicago) 0.179%, 1M BSBY + 0.120%, 12/01/21 (g)		4,000,000		3,999,928
Bank of Nova Scotia 0.175%, 3M LIBOR + 0.050%, 11/08/21 (g)		3,000,000		3,000,213
Barclays Bank plc 0.180%, 04/07/22		5,000,000		5,002,885
Cooperatieve Rabobank UA 0.159%, 3M LIBOR + 0.040%, 01/11/22 (g)		2,000,000		2,000,280
0.170%, 03/18/22		5,000,000		5,000,000
Credit Industriel et Commercial Zero Coupon, 10/12/21		5,000,000		4,999,800
Goldman Sachs Bank USA 0.170%, 02/04/22		5,000,000		5,000,350
Mizuho Bank, Ltd. 0.160%, 03/25/22		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. 0.140%, 01/10/22		5,000,000	$	5,000,000
0.150%, 01/11/22		2,000,000		2,000,056
National Australia Bank, Ltd. 0.160%, 03/02/22		3,000,000		2,999,850
Natixis S.A. (New York) 0.167%, 3M LIBOR + 0.040%, 02/11/22 (g)		3,000,000		3,000,459
Oversea-Chinese Banking Corp., Ltd. 0.152%, 3M LIBOR + 0.020%, 03/25/22 (g)		2,000,000		2,000,108
Royal Bank of Canada New York 0.185%, 3M LIBOR + 0.040%, 10/05/21 (g)		2,000,000		2,000,022
Societe Generale 0.140%, 01/05/22		4,000,000		4,000,000
Sumitomo Mitsui Banking Corp. 0.142%, 1M LIBOR + 0.060%, 12/17/21 (g)		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 0.197%, 3M LIBOR + 0.070%, 11/19/21 (g)		1,000,000		1,000,121
				71,002,035
Commercial Paper—0.5%
Antalis S.A. 0.130%, 10/15/21		3,000,000		2,999,838
Bedford Row Funding Corp. 0.214%, 3M LIBOR + 0.080%, 10/21/21 (g)		2,000,000		2,000,122
UBS AG 0.240%, 03/30/22		4,000,000		3,996,290
				8,996,250
Repurchase Agreements—6.2%
Barclays Capital, Inc. Repurchase Agreement dated 09/30/21 at 0.040%, due on 10/01/21 with a maturity value of $13,866,113; collateralized by U.S. Treasury Obligations with rates ranging from 0.000% - 3.625%, maturity dates ranging from 01/15/22 - 02/15/50, and an aggregate market value of $14,143,420.		13,866,098		13,866,098
CF Secured LLC 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% - 4.750%, maturity dates ranging from 11/18/21 - 08/15/50, and an aggregate market value of $20,400,028.		20,000,000		20,000,000
Citigroup Global Markets Ltd. Repurchase Agreement dated 09/30/21 at 0.060%, due on 10/01/21 with a maturity value of $10,000,017; collateralized by U.S. Treasury Obligations with rates ranging from 0.500% - 3.000%, maturity dates ranging from 02/29/24 - 05/15/49, and an aggregate market value of $10,200,001.		10,000,000		10,000,000
Repurchase Agreements—(Continued)
Citigroup Global Markets, Inc. Repurchase Agreement dated 09/30/21 at 0.420%, due on 11/04/21 with a maturity value of $6,002,450; collateralized by various Common Stock with an aggregate market value of $6,600,000.		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 Repurchase Agreement dated 09/30/21 at 0.150%, due on 10/01/21 with a maturity value of $1,800,008; 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 $1,836,008.		1,800,000		1,800,000
National Bank of Canada 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 $11,112,600.		10,000,000		10,000,000
NBC Global Finance, Ltd. Repurchase Agreement dated 09/30/21 at 0.235%, due on 10/07/21 with a maturity value of $1,500,069; 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
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 Repurchase Agreement dated 09/30/21 at 0.050%, due on 10/01/21 with a maturity value of $3,600,005; 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 $3,672,184.		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 Amount*		Value
Time Deposits—1.6%
ABN AMRO Bank NV 0.070%, 10/01/21		5,000,000	$	5,000,000
DZ Bank AG 0.040%, 10/01/21		5,000,000		5,000,000
First Abu Dhabi Bank USA NV 0.060%, 10/01/21		5,000,000		5,000,000
Landesbank Baden-Wuettertemberg (London) 0.130%, 10/01/21		1,700,000		1,700,000
National Bank of Canada 0.120%, OBFR + 0.050%, 10/07/21 (g)		5,000,000		5,000,000
Svenska Handelsbanken (NY) 0.030%, 10/01/21		5,000,000		5,000,000
				26,700,000
Mutual Funds—0.7%
BlackRock Liquidity Funds FedFund, Institutional Shares 0.030% (h)		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  0.030% (h)		1,000,000		1,000,000
				11,000,000
Total Securities Lending Reinvestments (Cost $223,153,823)				223,159,505
Total Investments—113.2% (Cost $1,241,770,175)				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) 3.000%, 04/15/48		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) 3.500%, 09/20/48		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 0.125%, 02/15/51 (c)		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 (Cost $1,468,449,135)				1,469,514,544
Corporate Bonds & Notes—23.1%
Aerospace/Defense—0.3%
BAE Systems Holdings, Inc. 3.850%, 12/15/25 (144A)		1,500,000		1,636,283
Boeing Co. (The) 1.433%, 02/04/24		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 3.125%, 07/26/24 (144A)		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 4.000%, 07/15/25		925,730		898,524
U.S. Airways Pass-Through Trust 6.250%, 04/22/23		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. 4.875%, 10/02/23		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. 1.462%, SOFR + 0.770%, 06/09/27 (b) (d)		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 1.605%, 1Y H15 + 0.680%, 03/30/28 (144A) (d)		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. 2.691%, SOFR + 1.440%, 06/23/32 (144A) (d)		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 4.269%, 3M LIBOR + 1.762%, 03/22/25 (d)		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 5.000%, 11/07/23 (144A)		3,950,000		4,269,436
UBS AG 0.700%, 08/09/24 (144A) (b)		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. 4.600%, 04/15/48		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. 2.300%, 11/01/30 (144A)		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. 2.300%, 02/01/25		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 4.400%, 05/15/30		215,000		249,125
GE Capital International Funding Co. 4.418%, 11/15/35		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. 4.950%, 07/15/46		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 4.250%, 12/15/41		1,300,000		1,544,707
Duke Energy Corp. 2.550%, 06/15/31 (b)		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. 3.300%, 12/15/22		825,000		845,449
Evergy Metro, Inc. 4.200%, 03/15/48		2,250,000		2,695,124
FirstEnergy Transmission LLC 4.350%, 01/15/25 (144A)		3,430,000		3,729,831
International Transmission Co. 4.625%, 08/15/43		2,750,000		3,400,806
MidAmerican Energy Co. 4.800%, 09/15/43		905,000		1,165,124
PacifiCorp 3.350%, 07/01/25		2,000,000		2,147,784
Pennsylvania Electric Co. 3.250%, 03/15/28 (144A)		570,000		602,268
4.150%, 04/15/25 (144A)		2,800,000		2,979,046
Public Service Co. of New Mexico 3.850%, 08/01/25		3,135,000		3,360,029
Southwestern Electric Power Co. 4.100%, 09/15/28		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. 3.250%, 06/15/26		4,000,000		4,291,066
Spire, Inc. 4.700%, 08/15/44 (b)		1,000,000		1,140,920
				5,431,986
Healthcare-Services—1.5%
Aetna, Inc. 2.800%, 06/15/23		2,000,000		2,070,520
Anthem, Inc. 3.650%, 12/01/27		2,235,000		2,482,789
Centene Corp. 3.000%, 10/15/30		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. 1.875%, 12/01/26 (144A)		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) 3.563%, 08/01/36		4,490,000		4,938,239
UnitedHealth Group, Inc. 4.250%, 04/15/47		1,995,000		2,460,547
				31,792,061
Insurance—0.6%
Athene Global Funding 1.985%, 08/19/28 (144A)		5,100,000		5,034,080
Farmers Exchange Capital III 5.454%, 3M LIBOR + 3.454%, 10/15/54 (144A) (d)		3,530,000		4,375,619
Farmers Insurance Exchange 4.747%, 3M LIBOR + 3.231%, 11/01/57 (144A) (d)		90,000		101,853
Teachers Insurance & Annuity Association of America 4.375%, 3M LIBOR + 2.661%, 09/15/54 (144A) (d)		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. 5.375%, 05/01/47		4,700,000		5,627,290
Time Warner Cable LLC 5.500%, 09/01/41		2,065,000		2,530,846
ViacomCBS, Inc. 4.200%, 05/19/32 (b)		1,780,000		2,036,096
Walt Disney Co. (The) 3.600%, 01/13/51 (b)		1,275,000		1,420,242
				11,614,474
Oil & Gas—0.7%
Chevron USA, Inc. 5.050%, 11/15/44		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. 5.600%, 02/15/41 (b)		1,200,000		1,499,341
Occidental Petroleum Corp. 4.500%, 07/15/44		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. 3.625%, 04/28/26		2,625,000		2,863,004
Berry Global, Inc. 1.570%, 01/15/26 (144A)		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. 5.875%, 10/15/25		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. 5.550%, 06/01/45		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 4.950%, 07/15/29 (144A)		3,000,000		3,120,000
Ruby Pipeline LLC 8.000%, 04/01/22 (144A) (b)		2,262,727		2,117,674
Texas Eastern Transmission L.P. 2.800%, 10/15/22 (144A)		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. 2.150%, 11/01/30 (b)		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. 3.500%, 08/01/26		1,885,000		2,043,162
SL Green Operating Partnership L.P. 3.250%, 10/15/22		2,038,000		2,088,442
Ventas Realty L.P. 3.250%, 10/15/26		2,500,000		2,673,241
				21,162,416
Retail—0.1%
Alimentation Couche-Tard, Inc. 3.550%, 07/26/27 (144A)		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. 3.050%, 08/12/51 (b)		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 (Cost $452,943,466)				477,379,540
Asset-Backed Securities—8.5%
Asset-Backed - Home Equity—1.0%
Asset-Backed Funding Certificates Trust 0.366%, 1M LIBOR + 0.280%, 09/25/36 (d)		1,991,123		1,980,685
JPMorgan Mortgage Acquisition Corp. 0.791%, 1M LIBOR + 0.705%, 06/25/35 (d)		889,477		889,550
New Century Home Equity Loan Trust 0.866%, 1M LIBOR + 0.780%, 08/25/34 (d)		6,357,406		6,241,584
Option One Mortgage Loan Trust 0.746%, 1M LIBOR + 0.660%, 05/25/35 (d)		1,157,461		1,158,035
Soundview Home Loan Trust 0.296%, 1M LIBOR + 0.210%, 06/25/37 (d)		12,061,188		10,275,167
				20,545,021
Asset-Backed - Other—3.9%
AGL CLO, Ltd. 1.290%, 3M LIBOR + 1.160%, 07/20/34 (144A) (d)		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 1.136%, 1M LIBOR + 1.050%, 11/25/35 (d)		2,101,350		2,102,231
Dryden XXVI Senior Loan Fund 1.026%, 3M LIBOR + 0.900%, 04/15/29 (144A) (d)		2,238,304		2,238,107
FS Rialto 1.285%, 1M LIBOR + 1.200%, 12/16/36 (144A) (d)		4,520,000		4,508,551
LCM XIII L.P. 1.274%, 3M LIBOR + 1.140%, 07/19/27 (144A) (d)		4,700,000		4,701,156
Madison Park Funding, Ltd. 1.058%, 3M LIBOR + 0.920%, 01/22/28 (144A) (d)		1,778,708		1,778,660
Neuberger Berman CLO XX, Ltd. 1.788%, 3M LIBOR + 1.650%, 07/15/34 (144A) (d)		5,000,000		5,005,335
Octagon Investment Partners 46, Ltd. 1.269%, 3M LIBOR + 1.160%, 07/15/36 (144A) (d)		5,520,000		5,534,865
Popular ABS Mortgage Pass-Through Trust 0.669%, 1M LIBOR + 0.585%, 02/25/36 (d)		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. 1.324%, 3M LIBOR + 1.190%, 10/20/30 (144A) (d)		5,200,000	$	5,203,089
Structured Asset Investment Loan Trust 0.886%, 1M LIBOR + 0.800%, 07/25/34 (d)		2,090,226		2,081,654
Towd Point Mortgage Trust 2.750%, 10/25/56 (144A) (d)		3,106,148		3,148,087
Vantage Data Centers Issuer LLC 4.196%, 11/16/43 (144A)		4,863,192		5,055,711
Wellman Park CLO, Ltd. 1.228%, 3M LIBOR + 1.100%, 07/15/34 (144A) (d)		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 (Cost $172,319,194)				176,451,715
Mortgage-Backed Securities—4.9%
Collateralized Mortgage Obligations—3.0%
Banc of America Funding Trust 2.500%, 03/25/40 (144A) (d)		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 3.750%, 10/25/57 (144A)		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 0.686%, 1M LIBOR + 0.600%, 07/25/37 (d)		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 4.227%, 08/10/38 (144A) (d)		3,265,000		3,703,009
BX Commercial Mortgage Trust 3.202%, 12/09/41 (144A)		895,000		956,700
CALI Mortgage Trust 3.957%, 03/10/39 (144A)		2,200,000		2,479,088
Century Plaza Towers 2.865%, 11/13/39 (144A)		1,730,000		1,823,626
Credit Suisse Mortgage Capital Certificates 1.064%, 1M LIBOR + 0.980%, 05/15/36 (144A) (d)		5,000,000		5,014,329
DC Office Trust 2.965%, 09/15/45 (144A)		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 3.397%, 06/05/39 (144A)		2,000,000		2,187,471
MKT Mortgage Trust 2.694%, 02/12/40 (144A)		2,750,000		2,857,415
Natixis Commercial Mortgage Securities Trust 1.046%, 1M LIBOR + 0.950%, 08/15/38 (144A) (d)		5,380,000		5,380,000
2.966%, 12/15/38 (144A)		1,840,000		1,920,140
One Bryant Park Trust 2.516%, 09/15/54 (144A)		2,390,000		2,459,761
RBS Commercial Funding, Inc. Trust 3.961%, 01/15/32 (144A) (d)		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 (Cost $97,967,526)				100,189,768
Municipals—0.5%
Miami-Dade County, FL Aviation Revenue 3.555%, 10/01/34		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 5.968%, 03/01/36		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 (Cost $10,031,731)				10,848,432
Short-Term Investments—12.1%
Mutual Funds—0.4%
State Street Institutional Liquid Reserves Fund, Trust Class, 0.050% (e)		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 (Cost $249,234,015)				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) 0.179%, 1M BSBY + 0.120%, 12/01/21 (d)		13,000,000		12,999,766
Barclays Bank plc 0.180%, 04/07/22		15,000,000		15,008,655
Cooperatieve Rabobank UA 0.170%, 03/18/22		15,000,000		15,000,000
Goldman Sachs Bank USA 0.170%, 02/04/22		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. 0.160%, 03/25/22		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. 0.160%, 03/02/22		5,000,000		4,999,750
Natixis S.A. (New York) 0.167%, 3M LIBOR + 0.040%, 02/11/22 (d)		3,000,000		3,000,459
Oversea-Chinese Banking Corp., Ltd. 0.152%, 3M LIBOR + 0.020%, 03/25/22 (d)		5,000,000		5,000,270
Royal Bank of Canada New York 0.185%, 3M LIBOR + 0.040%, 10/05/21 (d)		1,000,000		1,000,011
Certificates of Deposit—(Continued)
Societe Generale 0.150%, 03/15/22		7,000,000		6,999,678
Standard Chartered Bank (NY) 0.170%, 03/28/22		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. 0.214%, 3M LIBOR + 0.080%, 10/21/21 (d)		3,000,000		3,000,183
UBS AG 0.240%, 03/30/22		5,000,000		4,995,363
				13,994,529
Repurchase Agreements—9.1%
Barclays Bank plc Repurchase Agreement dated 09/30/21 at 0.190%, due on 10/01/21 with a maturity value of $500,003; collateralized by various Common Stock with an aggregate market value of $555,617.		500,000		500,000
Barclays Capital, Inc. Repurchase Agreement dated 09/30/21 at 0.040%, due on 10/01/21 with a maturity value of $40,086,602; collateralized by U.S. Treasury Obligations with rates ranging from 0.000% - 3.625%, maturity dates ranging from 01/15/22 - 02/15/50, and an aggregate market value of $40,888,290.		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. Repurchase Agreement dated 09/30/21 at 0.060%, due on 10/01/21 with a maturity value of $20,000,033; collateralized by U.S. Treasury Obligations with rates ranging from 0.250% - 2.875%, maturity dates ranging from 10/31/21 - 02/15/50, and an aggregate market value of $20,400,003.		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 Repurchase Agreement dated 09/30/21 at 0.150%, due on 10/01/21 with a maturity value of $9,800,041; 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 $9,996,043.		9,800,000	$	9,800,000
Morgan Stanley Repurchase Agreement dated 09/30/21 at 0.420%, due on 01/03/22 with a maturity value of $8,008,867; collateralized by various Common Stock with an aggregate market value of $8,800,123.		8,000,000		8,000,000
National Bank of Canada Repurchase Agreement dated 09/30/21 at 0.200%, due on 10/07/21 with a maturity value of $5,000,194; collateralized by various Common Stock with an aggregate market value of $5,556,300.		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 $2,500,114; 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 $2,775,078.		2,500,000		2,500,000
Royal Bank of Canada Toronto Repurchase Agreement dated 09/30/21 at 0.340%, due on 11/04/21 with a maturity value of $5,001,653; collateralized by various Common Stock with an aggregate market value of $5,555,608.		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 0.070%, 10/01/21		14,000,000		14,000,000
DZ Bank AG 0.040%, 10/01/21		8,000,000		8,000,000
First Abu Dhabi Bank USA NV 0.060%, 10/01/21		10,000,000		10,000,000
Landesbank Baden-Wuettertemberg (London) 0.130%, 10/01/21		4,500,000		4,500,000
National Bank of Canada 0.120%, OBFR + 0.050%, 10/07/21 (d)		5,000,000		5,000,000
Nordea Bank ABP (NY) 0.050%, 10/01/21		15,000,000		15,000,000
Skandi New York 0.050%, 10/01/21		7,000,000		7,000,000
Time Deposits—(Continued)
Svenska Handelsbanken (NY) 0.030%, 10/01/21		15,000,000	$	15,000,000
				78,500,000
Mutual Funds—0.7%
STIT-Government & Agency Portfolio, Institutional Class  0.030% (e)		15,000,000		15,000,000
Total Securities Lending Reinvestments (Cost $418,563,082)				418,573,379
Total Investments—140.4% (Cost $2,869,508,149)				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	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	1.026%	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 (Cost $824,000,190)				1,027,494,562
Short-Term Investment—2.5%
Security Description	Principal Amount*		Value
Repurchase Agreement—2.5%
Fixed Income Clearing Corp. Repurchase Agreement dated 09/30/21 at 0.000%, due on 10/01/21 with a maturity value of $26,034,976; collateralized by U.S. Treasury Note at 1.250%, maturing 06/30/28, with a market value of $26,555,771.		26,034,976	$	26,034,976
Total Short-Term Investments (Cost $26,034,976)				26,034,976
Securities Lending Reinvestments (c)—10.3%
Certificates of Deposit—2.5%
Bank of Montreal (Chicago) 0.179%, 1M BSBY + 0.120%, 12/01/21 (d)		1,000,000		999,982
Barclays Bank plc 0.180%, 04/07/22		4,000,000		4,002,308
Cooperatieve Rabobank UA 0.159%, 3M LIBOR + 0.040%, 01/11/22 (d)		3,000,000		3,000,420
0.170%, 03/18/22		2,000,000		2,000,000
Goldman Sachs Bank USA 0.170%, 02/04/22		4,000,000		4,000,280
MUFG Bank Ltd. 0.150%, 01/11/22		2,000,000		2,000,056
Oversea-Chinese Banking Corp., Ltd. 0.152%, 3M LIBOR + 0.020%, 03/25/22 (d)		1,000,000		1,000,054
Societe Generale 0.150%, 03/15/22		2,000,000		1,999,908
Sumitomo Mitsui Banking Corp. 0.150%, SOFR + 0.100%, 03/15/22 (d)		5,000,000		4,999,565
Sumitomo Mitsui Trust Bank, Ltd. 0.060%, 10/05/21		2,000,000		1,999,988
				26,002,561
Commercial Paper—0.2%
UBS AG 0.240%, 03/30/22		2,000,000		1,998,145
Repurchase Agreements—6.2%
Barclays Bank plc Repurchase Agreement dated 09/30/21 at 0.190%, due on 10/01/21 with a maturity value of $2,000,011; collateralized by various Common Stock with an aggregate market value of $2,222,469.		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. Repurchase Agreement dated 09/30/21 at 0.040%, due on 10/01/21 with a maturity value of $8,265,134; collateralized by U.S. Treasury Obligations with rates ranging from 0.000% - 3.625%, maturity dates ranging from 01/15/22 - 02/15/50, and an aggregate market value of $8,430,427.		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. Repurchase Agreement dated 09/30/21 at 0.055%, due on 10/01/21 with a maturity value of $5,000,008; collateralized by U.S. Treasury and U.S. Government Agency Obligations with rates ranging from 0.000% -5.500%, maturity dates ranging from 11/01/26 -07/20/71, and an aggregate market value of $5,100,000.		5,000,000	$	5,000,000
CF Secured LLC Repurchase Agreement dated 09/30/21 at 0.050%, due on 10/01/21 with a maturity value of $12,000,017; collateralized by U.S. Treasury Obligations with rates ranging from 0.000% - 4.750%, maturity dates ranging from 11/18/21 - 08/15/50, and an aggregate market value of $12,240,017.		12,000,000		12,000,000
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 $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 Repurchase Agreement dated 09/30/21 at 0.150%, due on 10/01/21 with a maturity value of $1,700,007; 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 $1,734,008.		1,700,000		1,700,000
Morgan Stanley Repurchase Agreement dated 09/30/21 at 0.420%, due on 01/03/22 with a maturity value of $2,002,217; collateralized by various Common Stock with an aggregate market value of $2,200,031.		2,000,000		2,000,000
National Bank of Canada Repurchase Agreement dated 09/30/21 at 0.200%, due on 10/07/21 with a maturity value of $15,000,583; collateralized by various Common Stock with an aggregate market value of $16,668,900.		15,000,000		15,000,000
NBC Global Finance, Ltd. Repurchase Agreement dated 09/30/21 at 0.235%, due on 10/07/21 with a maturity value of $600,027; 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 $666,019.		600,000		600,000
Societe Generale Repurchase Agreement dated 09/30/21 at 0.050%, due on 10/01/21 with a maturity value of $1,200,002; 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 $1,224,061.		1,200,000		1,200,000
Repurchase Agreements—(Continued)
Societe Generale 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 $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 0.060%, 10/01/21		1,000,000		1,000,000
Landesbank Baden-Wuettertemberg (London) 0.130%, 10/01/21		1,100,000		1,100,000
National Bank of Canada 0.120%, OBFR + 0.050%, 10/07/21 (d)		1,000,000		1,000,000
Skandi New York 0.050%, 10/01/21		2,000,000		2,000,000
				5,100,000
Mutual Funds—0.9%
BlackRock Liquidity Funds FedFund, Institutional Shares 0.030% (e)		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 (Cost $108,907,440)				108,910,546
Total Investments— 110.2% (Cost $958,942,606)				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 Zero Coupon, 05/15/30		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 Zero Coupon, 07/15/32		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 2.738%, 08/01/25		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 (Cost $750,459,462)				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 3.125%, 04/15/31 (d)		5,090,000		4,764,393
Hashemite Kingdom of Jordan Government AID Bond 3.000%, 06/30/25		10,389,000		11,116,878
Indonesia Government International Bond 4.750%, 02/11/29		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 4.500%, 04/22/29		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 4.125%, 08/25/27		2,620,000		2,896,698
Poland Government International Bond 3.250%, 04/06/26		2,820,000		3,091,002
Qatar Government International Bond 4.000%, 03/14/29 (144A)		2,740,000		3,113,325
Total Foreign Government (Cost $109,158,918)				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 (Cost $1,520,669)				11,049,019
Asset-Backed Securities—1.0%
Asset-Backed—Other—0.0%
Kubota Credit Owner Trust 3.100%, 08/15/22 (144A)		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 0.686%, 1M LIBOR + 0.600%, 07/26/66 (144A) (a)		1,959,042	$	1,963,890
SLM Student Loan Trust 0.595%, 3M LIBOR + 0.470%, 01/26/26 (a)		6,797,314		6,782,423
				8,746,313
Total Asset-Backed Securities (Cost $8,915,963)				8,888,031
Mortgage-Backed Securities—0.2%
Collateralized Mortgage Obligations—0.2%
Seasoned Loans Structured Transaction 3.500%, 06/25/28		1,481,776		1,549,270
Total Mortgage-Backed Securities (Cost $1,472,893)				1,549,270
Short-Term Investment—2.3%
Repurchase Agreement—2.3%
Fixed Income Clearing Corp. Repurchase Agreement dated 09/30/21 at 0.000%, due on 10/01/21 with a maturity value of $20,561,442; collateralized by U.S. Treasury Note at 1.250%, maturing 06/30/28, with a market value of $20,972,736.		20,561,442		20,561,442
Total Short-Term Investments (Cost $20,561,442)				20,561,442
Securities Lending Reinvestments (e)—2.3%
Repurchase Agreements—1.4%
Barclays Bank plc Repurchase Agreement dated 09/30/21 at 0.190%, due on 10/01/21 with a maturity value of $2,000,011; collateralized by various Common Stock with an aggregate market value of $2,222,469.		2,000,000		2,000,000
Barclays Capital, Inc. Repurchase Agreement dated 09/30/21 at 0.040%, due on 10/01/21 with a maturity value of $2,115,203; collateralized by U.S. Treasury Obligations with rates ranging from 0.000% - 3.625%, maturity dates ranging from 01/15/22 - 02/15/50, and an aggregate market value of $2,157,504.		2,115,200		2,115,200
Cantor Fitzgerald & Co. Repurchase Agreement dated 09/30/21 at 0.055%, due on 10/01/21 with a maturity value of $2,000,003; collateralized by U.S. Treasury and U.S. Government Agency Obligations with rates ranging from 0.000% - 5.500%, maturity dates ranging from 11/01/26 - 07/20/71, and an aggregate market value of $2,040,000.		2,000,000		2,000,000
CF Secured LLC Repurchase Agreement dated 09/30/21 at 0.050%, due on 10/01/21 with a maturity value of $2,000,003; collateralized by U.S. Treasury Obligations with rates ranging from 0.000% - 4.750%, maturity dates ranging from 11/18/21 - 08/15/50, and an aggregate market value of $2,040,003.		2,000,000		2,000,000
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 $300,001; 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 $306,001.		300,000		300,000
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 $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 Repurchase Agreement dated 09/30/21 at 0.050%, due on 10/01/21 with a maturity value of $700,001; 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 $714,036.		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 0.030% (f)		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  0.030% (f)		3,000,000		3,000,000
Wells Fargo Government Money Market Fund, Select Class  0.030% (f)		3,000,000		3,000,000
				8,000,000
Total Securities Lending Reinvestments (Cost $20,203,005)				20,203,005
Total Investments—103.2% (Cost $912,292,352)				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