Brighthouse Funds Trust I

Schedule of Investments

March 31, 2022

Brighthouse Funds Trust I

Table of Contents

Schedule of Investments as of March 31, 2022
AB Global Dynamic Allocation Portfolio	BHFTI-1
AB International Bond Portfolio	BHFTI-27
Allspring Mid Cap Value Portfolio	BHFTI-44
American Funds Balanced Allocation Portfolio	BHFTI-48
American Funds Growth Allocation Portfolio	BHFTI-49
American Funds Growth Portfolio	BHFTI-50
American Funds Moderate Allocation Portfolio	BHFTI-51
BlackRock Global Tactical Strategies Portfolio	BHFTI-52
BlackRock High Yield Portfolio	BHFTI-57
Brighthouse Asset Allocation 100 Portfolio	BHFTI-87
Brighthouse Balanced Plus Portfolio	BHFTI-88
Brighthouse Small Cap Value Portfolio	BHFTI-91
Brighthouse/abrdn Emerging Markets Equity Portfolio	BHFTI-97
Brighthouse/Artisan International Portfolio	BHFTI-100
Brighthouse/Eaton Vance Floating Rate Portfolio	BHFTI-104
Brighthouse/Franklin Low Duration Total Return Portfolio	BHFTI-119
Brighthouse/Templeton International Bond Portfolio	BHFTI-139
Brighthouse/Wellington Large Cap Research Portfolio	BHFTI-144
CBRE Global Real Estate Portfolio	BHFTI-150
Harris Oakmark International Portfolio	BHFTI-154
Invesco Balanced-Risk Allocation Portfolio	BHFTI-158
Invesco Comstock Portfolio	BHFTI-162
Invesco Global Equity Portfolio	BHFTI-167
Invesco Small Cap Growth Portfolio	BHFTI-171
JPMorgan Core Bond Portfolio	BHFTI-177
JPMorgan Global Active Allocation Portfolio	BHFTI-198
JPMorgan Small Cap Value Portfolio	BHFTI-227
Loomis Sayles Global Allocation Portfolio	BHFTI-235
Loomis Sayles Growth Portfolio	BHFTI-249
MetLife Multi-Index Targeted Risk Portfolio	BHFTI-252
MFS® Research International Portfolio	BHFTI-254
Morgan Stanley Discovery Portfolio	BHFTI-258
PanAgora Global Diversified Risk Portfolio	BHFTI-263
PanAgora Global Diversified Risk Portfolio II	BHFTI-279
PIMCO Inflation Protected Bond Portfolio	BHFTI-295
PIMCO Total Return Portfolio	BHFTI-310
Schroders Global Multi-Asset Portfolio	BHFTI-333
SSGA Emerging Markets Enhanced Index Portfolio	BHFTI-354
SSGA Growth and Income ETF Portfolio	BHFTI-364
SSGA Growth ETF Portfolio	BHFTI-367
T. Rowe Price Large Cap Value Portfolio	BHFTI-370
T. Rowe Price Mid Cap Growth Portfolio	BHFTI-374
TCW Core Fixed Income Portfolio	BHFTI-382
Victory Sycamore Mid Cap Value Portfolio	BHFTI-393
Western Asset Management Government Income Portfolio	BHFTI-397

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 March 31, 2022 (Unaudited)

Common Stocks—55.9% of Net Assets

Security Description	Shares		Value
Aerospace & Defense—0.7%
Airbus SE (a)		32,913	$	3,978,311
BAE Systems plc		176,945		1,667,965
Boeing Co. (The) (a)		12,933		2,476,669
Dassault Aviation S.A.		1,427		226,868
Elbit Systems, Ltd.		1,494		327,059
General Dynamics Corp.		5,426		1,308,643
Howmet Aerospace, Inc.		9,001		323,496
Huntington Ingalls Industries, Inc.		938		187,075
L3Harris Technologies, Inc.		4,594		1,141,471
Lockheed Martin Corp.		5,747		2,536,726
MTU Aero Engines AG		3,002		697,504
Northrop Grumman Corp.		3,489		1,560,351
Raytheon Technologies Corp.		35,042		3,471,611
Rolls-Royce Holdings plc (a)		466,571		613,446
Safran S.A.		19,100		2,244,826
Singapore Technologies Engineering, Ltd.		86,326		261,676
Textron, Inc.		5,160		383,801
Thales S.A.		5,951		751,462
TransDigm Group, Inc. (a)		1,226		798,788
				24,957,748
Air Freight & Logistics—0.3%
C.H. Robinson Worldwide, Inc.		3,043		327,761
Deutsche Post AG		55,272		2,654,080
DSV A/S		11,405		2,180,826
Expeditors International of Washington, Inc.		3,966		409,133
FedEx Corp.		5,722		1,324,014
InPost S.A. (a)		11,058		69,506
SG Holdings Co., Ltd. (b)		17,933		337,964
United Parcel Service, Inc. - Class B		17,071		3,661,047
Yamato Holdings Co., Ltd.		16,114		301,659
				11,265,990
Airlines—0.1%
Alaska Air Group, Inc. (a)		2,933		170,143
American Airlines Group, Inc. (a) (b)		15,159		276,652
ANA Holdings, Inc. (a) (b)		8,836		184,472
Delta Air Lines, Inc. (a)		14,983		592,877
Deutsche Lufthansa AG (a) (b)		33,051		267,944
Japan Airlines Co., Ltd. (a)		7,976		148,451
Qantas Airways, Ltd. (a)		51,100		196,327
Singapore Airlines, Ltd. (a)		74,087		299,046
Southwest Airlines Co. (a)		13,857		634,651
United Airlines Holdings, Inc. (a) (b)		7,580		351,409
				3,121,972
Auto Components—0.2%
Aisin Corp. (b)		8,269		282,532
Aptiv plc (a)		6,333		758,123
BorgWarner, Inc. (b)		5,613		218,346
Bridgestone Corp.		31,836		1,232,099
Cie Generale des Etablissements Michelin		9,485		1,281,356
Continental AG (a)		6,134		442,452
Denso Corp. (b)		24,165		1,542,002
Faurecia SE (b)		6,765		175,003
Auto Components—(Continued)
Koito Manufacturing Co., Ltd.		5,867		237,521
Stanley Electric Co., Ltd.		7,190		135,782
Sumitomo Electric Industries, Ltd. (b)		42,056		500,176
Valeo S.A		12,859		236,256
				7,041,648
Automobiles—1.4%
Bayerische Motoren Werke AG		18,462		1,599,073
Ferrari NV		7,053		1,542,373
Ford Motor Co.		91,900		1,554,029
General Motors Co. (a)		33,990		1,486,723
Honda Motor Co., Ltd.		90,904		2,583,148
Isuzu Motors, Ltd.		32,240		416,516
Mazda Motor Corp.		31,441		232,588
Mercedes-Benz Group AG		47,789		3,356,539
Nissan Motor Co., Ltd. (a)		129,439		576,214
Renault S.A. (a)		10,759		281,236
Stellantis NV (Milan-Traded Shares)		113,499		1,840,554
Subaru Corp. (b)		34,311		545,063
Suzuki Motor Corp. (b)		20,539		704,041
Tesla, Inc. (a) (b)		19,651		21,175,918
Toyota Motor Corp.		591,313		10,592,490
Volkswagen AG		1,811		451,222
Yamaha Motor Co., Ltd.		16,660		373,367
				49,311,094
Banks—3.2%
ABN AMRO Bank NV		23,389		299,216
Australia & New Zealand Banking Group, Ltd.		157,244		3,222,298
Banco Bilbao Vizcaya Argentaria S.A. (b)		371,796		2,125,844
Banco Espirito Santo S.A. (a) (c) (d)		169,954		0
Banco Santander S.A.		966,902		3,280,664
Bank Hapoalim B.M.		63,341		624,506
Bank Leumi Le-Israel B.M.		81,012		869,668
Bank of America Corp.		168,611		6,950,145
Barclays plc		934,699		1,815,755
BNP Paribas S.A.		62,801		3,575,716
BOC Hong Kong Holdings, Ltd.		206,335		776,402
CaixaBank S.A.		247,200		833,162
Chiba Bank, Ltd. (The) (b)		29,310		172,766
Citigroup, Inc.		46,455		2,480,697
Citizens Financial Group, Inc. (b)		9,978		452,303
Comerica, Inc.		3,070		277,620
Commerzbank AG (a)		55,397		422,980
Commonwealth Bank of Australia		95,182		7,473,946
Concordia Financial Group, Ltd. (b)		60,195		224,560
Credit Agricole S.A.		68,963		823,910
Danske Bank A/S		38,460		635,609
DBS Group Holdings, Ltd.		100,999		2,655,298
DNB Bank ASA		51,868		1,174,313
Erste Group Bank AG		19,173		695,373
Fifth Third Bancorp		16,007		688,941
FinecoBank Banca Fineco S.p.A.		34,008		516,506
First Republic Bank		4,197		680,334
Hang Seng Bank, Ltd.		42,641		820,219

BHFTI-1

Brighthouse Funds Trust I

AB Global Dynamic Allocation Portfolio

Consolidated Schedule of Investments as of March 31, 2022 (Unaudited)

Common Stocks—(Continued)

Security Description	Shares		Value
Banks—(Continued)
HSBC Holdings plc (Hong Kong-Traded Shares)		1,134,987	$	7,776,985
Huntington Bancshares, Inc. (b)		33,864		495,092
ING Groep NV		217,686		2,274,987
Intesa Sanpaolo S.p.A.		920,915		2,104,943
Israel Discount Bank, Ltd. - Class A		64,362		399,910
Japan Post Bank Co., Ltd. (b)		23,006		185,290
JPMorgan Chase & Co.		69,188		9,431,708
KBC Group NV		13,941		1,002,631
KeyCorp		21,797		487,817
Lloyds Banking Group plc		3,957,716		2,422,904
M&T Bank Corp. (b)		3,013		510,703
Mediobanca Banca di Credito Finanziario S.p.A.		34,342		347,954
Mitsubishi UFJ Financial Group, Inc.		666,773		4,138,776
Mizrahi Tefahot Bank, Ltd.		7,898		307,230
Mizuho Financial Group, Inc.		134,507		1,721,679
National Australia Bank, Ltd.		182,527		4,384,657
NatWest Group plc		315,445		887,604
Nordea Bank Abp		178,821		1,841,449
Oversea-Chinese Banking Corp., Ltd.		188,805		1,716,056
People’s United Financial, Inc.		10,020		200,300
PNC Financial Services Group, Inc. (The)		9,895		1,825,133
Raiffeisen Bank International AG		8,184		115,689
Regions Financial Corp.		22,318		496,799
Resona Holdings, Inc. (b)		113,928		487,866
Shizuoka Bank, Ltd. (The) (b)		24,680		174,293
Signature Bank		1,420		416,756
Skandinaviska Enskilda Banken AB - Class A		90,749		982,635
Societe Generale S.A.		45,204		1,209,284
Standard Chartered plc		145,988		968,097
Sumitomo Mitsui Financial Group, Inc.		72,802		2,323,420
Sumitomo Mitsui Trust Holdings, Inc.		18,834		615,297
SVB Financial Group (a)		1,374		768,684
Svenska Handelsbanken AB - A Shares		81,329		748,485
Swedbank AB - A Shares (b)		50,496		753,594
Truist Financial Corp.		31,252		1,771,988
U.S. Bancorp		31,590		1,679,008
UniCredit S.p.A.		117,963		1,273,642
United Overseas Bank, Ltd.		65,804		1,543,502
Wells Fargo & Co.		93,348		4,523,644
Westpac Banking Corp.		204,558		3,683,669
Zions Bancorp N.A.		3,663		240,146
				113,809,057
Beverages—0.9%
Anheuser-Busch InBev S.A.		48,448		2,905,878
Asahi Group Holdings, Ltd.		25,443		923,672
Brown-Forman Corp. - Class B		4,278		286,711
Budweiser Brewing Co. APAC, Ltd. (144A)		95,195		252,641
Carlsberg AS - Class B		5,599		683,606
Coca-Cola Co. (The)		91,012		5,642,744
Coca-Cola Europacific Partners plc		11,439		556,050
Coca-Cola HBC AG		11,241		234,420
Constellation Brands, Inc. - Class A		3,846		885,811
Davide Campari-Milano NV		28,903		336,197
Diageo plc		130,027		6,571,979
Heineken Holding NV		6,425		502,864
Beverages—(Continued)
Heineken NV (b)		14,453		1,377,933
Ito En, Ltd.		3,051		149,700
Kirin Holdings Co., Ltd.		45,867		685,974
Molson Coors Beverage Co. - Class B (b)		4,410		235,406
Monster Beverage Corp. (a)		8,795		702,720
PepsiCo, Inc.		32,370		5,418,091
Pernod Ricard S.A.		11,706		2,567,384
Remy Cointreau S.A.		1,281		263,930
Suntory Beverage & Food, Ltd.		7,823		298,306
Treasury Wine Estates, Ltd.		39,913		341,885
				31,823,902
Biotechnology—0.7%
AbbVie, Inc.		41,389		6,709,571
Amgen, Inc.		13,187		3,188,880
Argenx SE (a)		2,557		804,042
Biogen, Inc. (a)		3,439		724,253
CSL, Ltd.		26,705		5,303,532
Genmab A/S (a)		3,679		1,332,759
Gilead Sciences, Inc.		29,367		1,745,868
Grifols S.A.		16,493		298,350
Incyte Corp. (a)		4,395		349,051
Moderna, Inc. (a)		8,258		1,422,523
Regeneron Pharmaceuticals, Inc. (a)		2,475		1,728,590
Vertex Pharmaceuticals, Inc. (a)		5,952		1,553,294
				25,160,713
Building Products—0.4%
A.O. Smith Corp. (b)		3,118		199,209
AGC, Inc.		10,800		431,639
Allegion plc		2,099		230,428
Assa Abloy AB - Class B		55,887		1,506,910
Carrier Global Corp.		20,288		930,611
Cie de Saint-Gobain		28,211		1,678,839
Daikin Industries, Ltd.		13,922		2,534,847
Fortune Brands Home & Security, Inc.		3,177		235,988
Geberit AG		2,001		1,231,833
Johnson Controls International plc		16,591		1,087,872
Kingspan Group plc		8,589		834,780
Lixil Corp. (b)		14,929		277,814
Masco Corp.		5,714		291,414
Nibe Industrier AB - B Shares		79,532		876,517
Rockwool International A/S - B Shares		476		157,218
TOTO, Ltd.		7,943		319,056
Trane Technologies plc		5,561		849,165
Xinyi Glass Holdings, Ltd.		100,587		241,639
				13,915,779
Capital Markets—1.5%
3i Group plc		54,265		981,595
Abrdn plc		120,580		337,486
Ameriprise Financial, Inc.		2,620		786,943
Amundi S.A.		3,429		233,972
ASX, Ltd.		10,795		655,255
Bank of New York Mellon Corp. (The)		17,787		882,769

BHFTI-2

Brighthouse Funds Trust I

AB Global Dynamic Allocation Portfolio

Consolidated Schedule of Investments as of March 31, 2022 (Unaudited)

Common Stocks—(Continued)

Security Description	Shares		Value
Capital Markets—(Continued)
BlackRock, Inc.		3,344	$	2,555,385
Cboe Global Markets, Inc.		2,496		285,592
Charles Schwab Corp. (The)		35,196		2,967,375
CME Group, Inc.		8,414		2,001,354
Credit Suisse Group AG		147,803		1,166,182
Daiwa Securities Group, Inc. (b)		79,870		452,243
Deutsche Bank AG (a)		115,241		1,471,522
Deutsche Boerse AG		10,625		1,908,662
EQT AB		16,499		646,111
Euronext NV (144A)		4,789		434,861
FactSet Research Systems, Inc.		881		382,486
Franklin Resources, Inc. (b)		6,578		183,658
Futu Holdings, Ltd. (ADR) (a) (b)		2,815		91,656
Goldman Sachs Group, Inc. (The)		7,947		2,623,305
Hargreaves Lansdown plc		19,670		259,156
Hong Kong Exchanges & Clearing, Ltd.		67,159		3,165,000
Intercontinental Exchange, Inc.		13,190		1,742,663
Invesco, Ltd.		7,990		184,249
Japan Exchange Group, Inc.		28,411		529,374
Julius Baer Group, Ltd.		12,336		715,571
London Stock Exchange Group plc		18,403		1,922,666
Macquarie Group, Ltd.		18,904		2,843,703
MarketAxess Holdings, Inc.		890		302,778
Moody’s Corp.		3,787		1,277,772
Morgan Stanley		33,608		2,937,339
MSCI, Inc.		1,930		970,558
Nasdaq, Inc.		2,740		488,268
Nomura Holdings, Inc. (b)		171,286		717,771
Northern Trust Corp.		4,861		566,063
Partners Group Holding AG		1,266		1,572,837
Raymond James Financial, Inc.		4,336		476,570
S&P Global, Inc.		8,291		3,400,802
SBI Holdings, Inc. (b)		13,707		346,402
Schroders plc		6,981		294,186
Singapore Exchange, Ltd.		44,441		325,895
St. James’s Place plc		30,098		567,484
State Street Corp.		8,560		745,747
T. Rowe Price Group, Inc.		5,261		795,411
UBS Group AG		196,122		3,831,636
				52,028,313
Chemicals—1.3%
Air Liquide S.A.		26,448		4,626,792
Air Products & Chemicals, Inc.		5,183		1,295,284
Akzo Nobel NV		10,453		898,081
Albemarle Corp.		2,739		605,730
Arkema S.A.		3,428		408,969
Asahi Kasei Corp.		69,952		605,525
BASF SE		51,288		2,924,687
Celanese Corp.		2,548		364,033
CF Industries Holdings, Inc.		5,021		517,464
Chr Hansen Holding A/S		5,895		433,205
Clariant AG		11,930		206,580
Corteva, Inc.		17,065		980,896
Covestro AG		10,773		544,340
Croda International plc		7,780		799,566
Chemicals—(Continued)
Dow, Inc.		17,315		1,103,312
DuPont de Nemours, Inc.		12,129		892,452
Eastman Chemical Co.		3,147		352,653
Ecolab, Inc.		5,837		1,030,581
EMS-Chemie Holding AG		393		380,197
Evonik Industries AG		11,745		326,544
FMC Corp.		2,967		390,368
Givaudan S.A.		517		2,128,200
ICL Group, Ltd.		39,052		464,277
International Flavors & Fragrances, Inc.		5,958		782,464
Johnson Matthey plc		10,701		262,216
JSR Corp. (b)		11,395		335,985
Kansai Paint Co., Ltd.		9,798		157,423
Koninklijke DSM NV		9,775		1,746,982
LANXESS AG		4,567		201,974
Linde plc		12,000		3,833,160
LyondellBasell Industries NV - Class A		6,154		632,754
Mitsubishi Chemical Holdings Corp. (b)		70,794		471,053
Mitsubishi Gas Chemical Co., Inc. (b)		8,737		148,339
Mitsui Chemicals, Inc.		10,361		261,000
Mosaic Co. (The)		8,671		576,621
Nippon Paint Holdings Co., Ltd.		46,278		406,096
Nippon Sanso Holdings Corp.		8,381		159,251
Nissan Chemical Corp. (b)		6,813		399,863
Nitto Denko Corp.		7,933		568,537
Novozymes A/S - B Shares		11,455		783,998
Orica, Ltd.		22,532		266,837
PPG Industries, Inc.		5,558		728,487
Sherwin-Williams Co. (The)		5,647		1,409,604
Shin-Etsu Chemical Co., Ltd.		19,782		3,014,486
Sika AG		7,922		2,609,956
Solvay S.A.		4,139		407,503
Sumitomo Chemical Co., Ltd. (b)		82,381		377,641
Symrise AG		7,407		889,231
Toray Industries, Inc.		76,678		399,651
Tosoh Corp.		14,379		212,641
Umicore S.A.		11,031		476,508
Yara International ASA		9,246		461,072
				45,261,069
Commercial Services & Supplies—0.2%
Brambles, Ltd.		79,679		587,559
Cintas Corp.		2,058		875,452
Copart, Inc. (a)		4,995		626,723
Dai Nippon Printing Co., Ltd. (b)		12,278		288,375
Rentokil Initial plc		103,675		714,073
Republic Services, Inc.		4,899		649,117
Rollins, Inc. (b)		5,299		185,730
Secom Co., Ltd.		11,708		848,323
Securitas AB - B Shares		17,313		195,063
Sohgo Security Services Co., Ltd.		3,949		128,959
TOPPAN, Inc.		14,502		256,199
Waste Management, Inc.		9,010		1,428,085
				6,783,658

BHFTI-3

Brighthouse Funds Trust I

AB Global Dynamic Allocation Portfolio

Consolidated Schedule of Investments as of March 31, 2022 (Unaudited)

Common Stocks—(Continued)

Security Description	Shares		Value
Communications Equipment—0.3%
Arista Networks, Inc. (a)		5,251	$	729,784
Cisco Systems, Inc.		98,742		5,505,854
F5, Inc. (a)		1,412		295,037
Juniper Networks, Inc.		7,613		282,899
Motorola Solutions, Inc.		3,954		957,659
Nokia Oyj (a)		300,636		1,654,968
Telefonaktiebolaget LM Ericsson - B Shares (b)		162,749		1,489,150
				10,915,351
Construction & Engineering—0.2%
ACS Actividades de Construccion y Servicios S.A.		13,000		349,447
Bouygues S.A.		12,779		445,486
Eiffage S.A.		4,652		476,819
Ferrovial S.A.		27,074		716,754
Kajima Corp. (b)		24,846		302,587
Obayashi Corp.		35,905		264,011
Quanta Services, Inc.		3,336		439,051
Shimizu Corp. (b)		30,519		183,420
Skanska AB - B Shares (b)		19,005		425,171
Taisei Corp.		10,709		309,577
Vinci S.A.		30,041		3,071,320
				6,983,643
Construction Materials—0.2%
CRH plc		43,091		1,725,346
HeidelbergCement AG		8,298		474,573
Holcim, Ltd.		29,192		1,425,200
James Hardie Industries plc		24,820		746,928
Martin Marietta Materials, Inc.		1,461		562,324
Vulcan Materials Co.		3,107		570,756
				5,505,127
Consumer Finance—0.2%
American Express Co.		14,688		2,746,656
Capital One Financial Corp.		9,964		1,308,173
Discover Financial Services		6,861		756,014
Synchrony Financial		12,812		445,986
				5,256,829
Containers & Packaging—0.1%
AMCOR plc (b)		35,894		406,679
Avery Dennison Corp.		1,938		337,154
Ball Corp.		7,582		682,380
International Paper Co.		9,066		418,396
Packaging Corp. of America		2,223		347,032
Sealed Air Corp.		3,468		232,217
Smurfit Kappa Group plc		13,721		608,152
WestRock Co.		6,251		293,985
				3,325,995
Distributors—0.0%
Genuine Parts Co.		3,334		420,151
LKQ Corp.		6,278		285,084
Pool Corp. (b)		939		397,056
				1,102,291
Diversified Consumer Services—0.0%
IDP Education, Ltd.		11,542		269,186
Diversified Financial Services—0.6%
Berkshire Hathaway, Inc. - Class B (a)		42,876		15,131,369
Eurazeo S.E.		2,247		188,843
EXOR NV		6,054		461,751
Groupe Bruxelles Lambert S.A.		6,105		633,118
Industrivarden AB - A Shares		7,197		204,548
Industrivarden AB - C Shares		8,993		250,958
Investor AB - A Shares		27,807		646,030
Investor AB - B Shares		101,590		2,206,130
Kinnevik AB - B Shares (a)		13,557		352,832
L E Lundbergforetagen AB - B Shares		4,300		218,431
M&G plc		143,758		416,402
Mitsubishi HC Capital, Inc.		36,499		169,879
ORIX Corp.		68,106		1,359,327
Sofina S.A.		864		313,327
Tokyo Century Corp.		2,040		74,856
Wendel S.E.		1,527		155,368
				22,783,169
Diversified Telecommunication Services—0.7%
AT&T, Inc. (e)		167,184		3,950,558
BT Group plc		497,736		1,186,306
Cellnex Telecom S.A.		28,409		1,361,701
Deutsche Telekom AG		180,791		3,376,657
Elisa Oyj		7,948		479,024
HKT Trust & HKT, Ltd.		209,444		287,440
Infrastrutture Wireless Italiane S.p.A.		18,582		208,389
Koninklijke KPN NV		187,478		651,114
Lumen Technologies, Inc. (b)		21,574		243,139
Nippon Telegraph & Telephone Corp.		66,671		1,937,250
Orange S.A.		111,242		1,315,405
Proximus SADP		8,410		156,528
Singapore Telecommunications, Ltd.		460,422		894,207
Spark New Zealand, Ltd.		103,240		327,096
Swisscom AG (b)		1,445		867,561
Telecom Italia S.p.A.		550,953		202,304
Telefonica Deutschland Holding AG		57,565		157,231
Telefonica S.A.		293,818		1,426,164
Telenor ASA		39,016		560,765
Telia Co. AB		146,984		588,614
Telstra Corp., Ltd.		230,323		679,246
United Internet AG		5,493		188,919
Verizon Communications, Inc.		96,928		4,937,512
				25,983,130
Electric Utilities—0.9%
Alliant Energy Corp.		5,861		366,195
American Electric Power Co., Inc.		11,791		1,176,388
Chubu Electric Power Co., Inc. (b)		35,625		369,097
CK Infrastructure Holdings, Ltd.		36,641		245,180
CLP Holdings, Ltd.		91,567		892,310
Constellation Energy Corp.		7,936		446,400
Duke Energy Corp.		18,008		2,010,773
Edison International (b)		8,894		623,470

BHFTI-4

Brighthouse Funds Trust I

AB Global Dynamic Allocation Portfolio

Consolidated Schedule of Investments as of March 31, 2022 (Unaudited)

Common Stocks—(Continued)

Security Description	Shares		Value
Electric Utilities—(Continued)
EDP - Energias de Portugal S.A.		154,786	$	762,384
Electricite de France S.A. (b)		26,191		246,754
Elia Group S.A.		1,747		266,650
Endesa S.A.		17,790		388,228
Enel S.p.A.		453,509		3,028,554
Entergy Corp.		4,705		549,309
Evergy, Inc.		5,368		366,849
Eversource Energy		8,049		709,841
Exelon Corp.		23,810		1,134,070
FirstEnergy Corp.		12,745		584,486
Fortum Oyj (b)		24,765		449,567
HK Electric Investments & HK Electric Investments, Ltd.		146,575		143,084
Iberdrola S.A. (b)		324,912		3,536,456
Kansai Electric Power Co., Inc. (The)		38,929		367,287
Mercury NZ, Ltd.		37,663		154,730
NextEra Energy, Inc.		45,937		3,891,323
NRG Energy, Inc.		5,732		219,880
Origin Energy, Ltd.		96,080		444,602
Orsted A/S		10,548		1,328,222
Pinnacle West Capital Corp.		2,641		206,262
Power Assets Holdings, Ltd.		76,707		499,649
PPL Corp.		17,575		501,942
Red Electrica Corp. S.A.		24,182		496,640
Southern Co. (The)		24,811		1,799,046
SSE plc		59,443		1,361,089
Terna - Rete Elettrica Nazionale		78,453		674,745
Tokyo Electric Power Co. Holdings, Inc. (a)		84,414		279,086
Verbund AG		3,813		401,480
Xcel Energy, Inc.		12,611		910,136
				31,832,164
Electrical Equipment—0.6%
ABB, Ltd. (b)		91,586		2,963,132
AMETEK, Inc.		5,415		721,170
Eaton Corp. plc		9,332		1,416,224
Emerson Electric Co.		13,995		1,372,210
Fuji Electric Co., Ltd.		7,108		354,506
Generac Holdings, Inc. (a) (b)		1,477		439,053
Legrand S.A.		14,913		1,417,734
Mitsubishi Electric Corp.		101,767		1,171,317
Nidec Corp.		24,937		1,975,653
Prysmian S.p.A.		14,221		484,417
Rockwell Automation, Inc. (b)		2,715		760,281
Schneider Electric SE		30,177		5,038,245
Siemens Energy AG (a)		22,295		509,411
Siemens Gamesa Renewable Energy S.A. (a)		13,182		231,409
Vestas Wind Systems A/S		56,310		1,662,560
				20,517,322
Electronic Equipment, Instruments & Components—0.6%
Amphenol Corp. - Class A		14,000		1,054,900
Azbil Corp. (b)		6,940		231,156
CDW Corp.		3,177		568,334
Corning, Inc.		17,981		663,679
Halma plc		21,169		690,992
Hamamatsu Photonics KK		7,849		417,736
Electronic Equipment, Instruments & Components—(Continued)
Hexagon AB - B Shares		108,569		1,523,189
Hirose Electric Co., Ltd. (b)		1,827		265,473
Ibiden Co., Ltd.		5,926		290,685
IPG Photonics Corp. (a)		836		91,759
Keyence Corp.		10,860		5,049,117
Keysight Technologies, Inc. (a)		4,312		681,167
Kyocera Corp.		17,898		1,006,024
Murata Manufacturing Co., Ltd.		32,031		2,117,431
Omron Corp.		10,350		690,063
Shimadzu Corp.		13,235		455,744
TDK Corp.		21,678		782,704
TE Connectivity, Ltd.		7,639		1,000,556
Teledyne Technologies, Inc. (a)		1,092		516,112
Trimble, Inc. (a)		5,876		423,895
Venture Corp., Ltd.		15,309		197,487
Yokogawa Electric Corp. (b)		12,625		215,382
Zebra Technologies Corp. - Class A (a)		1,251		517,539
				19,451,124
Energy Equipment & Services—0.1%
Baker Hughes Co.		20,463		745,058
Halliburton Co.		20,956		793,603
Schlumberger NV		32,838		1,356,538
Tenaris S.A.		26,110		393,516
				3,288,715
Entertainment—0.6%
Activision Blizzard, Inc.		18,235		1,460,806
Bollore SE		48,892		255,379
Capcom Co., Ltd.		9,736		235,442
Electronic Arts, Inc.		6,621		837,623
Embracer Group AB (a)		31,193		261,404
Koei Tecmo Holdings Co., Ltd. (b)		3,252		106,346
Konami Holdings Corp. (b)		5,267		332,914
Live Nation Entertainment, Inc. (a)		3,162		371,978
Netflix, Inc. (a)		10,370		3,884,498
Nexon Co., Ltd.		27,567		659,659
Nintendo Co., Ltd.		6,158		3,107,098
Sea, Ltd. (ADR) (a) (b)		17,849		2,138,132
Square Enix Holdings Co., Ltd.		4,849		214,651
Take-Two Interactive Software, Inc. (a)		2,699		414,944
Toho Co., Ltd.		6,314		238,721
UBISOFT Entertainment S.A. (a)		5,212		229,451
Universal Music Group NV		40,442		1,073,638
Walt Disney Co. (The) (a)		42,542		5,835,061
				21,657,745
Equity Real Estate Investment Trusts—5.6%
Abacus Property Group		44,758		109,946
Acadia Realty Trust		8,214		177,997
Activia Properties, Inc.		70		243,812
Advance Residence Investment Corp.		123		347,786
Aedifica S.A.		3,465		435,554
AEON REIT Investment Corp.		162		200,237
Agree Realty Corp.		6,654		441,559

BHFTI-5

Brighthouse Funds Trust I

AB Global Dynamic Allocation Portfolio

Consolidated Schedule of Investments as of March 31, 2022 (Unaudited)

Common Stocks—(Continued)

Security Description	Shares		Value
Equity Real Estate Investment Trusts—(Continued)
AIMS APAC REIT		52,700	$	53,947
Alexander & Baldwin, Inc. (a)		6,853		158,921
Alexandria Real Estate Equities, Inc. (b)		19,158		3,855,547
Allied Properties Real Estate Investment Trust		11,979		446,811
American Assets Trust, Inc.		4,723		178,954
American Campus Communities, Inc.		13,032		729,401
American Homes 4 Rent - Class A		28,028		1,121,961
American Tower Corp.		10,662		2,678,508
Americold Realty Trust (b)		25,390		707,873
Apartment Income REIT Corp.		14,875		795,217
Apartment Investment & Management Co. - Class A (a)		14,296		104,647
Apple Hospitality REIT, Inc.		20,277		364,378
ARA LOGOS Logistics Trust		121,500		76,056
Arena REIT		30,526		111,051
Argosy Property, Ltd.		79,321		75,661
Armada Hoffler Properties, Inc. (b)		6,304		92,038
Artis Real Estate Investment Trust		8,728		91,249
Ascencio		492		27,950
Ascendas Real Estate Investment Trust		510,758		1,101,403
Ascott Residence Trust		179,950		149,402
Assura plc		276,240		242,559
AvalonBay Communities, Inc.		16,547		4,109,778
Befimmo S.A.		2,048		107,082
Big Yellow Group plc		16,103		324,066
BMO Commercial Property Trust, Ltd.		46,901		70,956
BMO Real Estate Investment, Ltd.		22,874		28,151
Boardwalk Real Estate Investment Trust		3,606		169,577
Boston Properties, Inc.		18,192		2,343,130
Brandywine Realty Trust		16,051		226,961
British Land Co. plc (The)		136,851		947,886
Brixmor Property Group, Inc.		28,177		727,248
Broadstone Net Lease, Inc.		14,886		324,217
BWP Trust		46,398		138,829
Camden Property Trust		9,411		1,564,108
Canadian Apartment Properties (b)		16,503		708,224
Capital & Counties Properties plc		70,096		160,580
CapitaLand Integrated Commercial Trust		732,554		1,213,157
CareTrust REIT, Inc.		9,128		176,170
Carmila S.A.		3,817		60,244
CDL Hospitality Trusts		75,782		71,720
Centerspace (b)		1,352		132,658
Centuria Industrial REIT		49,883		142,132
Centuria Office REIT		43,909		71,850
Champion REIT		189,106		85,784
Charter Hall Long Wale REIT		62,499		247,596
Charter Hall Retail REIT		46,224		144,263
Charter Hall Social Infrastructure REIT		31,326		91,803
Choice Properties Real Estate Investment Trust		24,343		301,622
Civitas Social Housing plc		58,463		66,997
Cofinimmo S.A.		3,021		439,496
Comforia Residential REIT, Inc.		62		167,208
Community Healthcare Trust, Inc. (b)		2,259		95,352
Corporate Office Properties Trust (b)		10,684		304,921
Cousins Properties, Inc. (b)		14,110		568,492
Covivio		7,708		611,549
CRE Logistics REIT, Inc.		50		85,177
Crombie Real Estate Investment Trust (b)		9,770		143,406
Equity Real Estate Investment Trusts—(Continued)
Cromwell European Real Estate Investment Trust		30,250		76,325
Cromwell Property Group		135,185		83,556
Crown Castle International Corp.		10,118		1,867,783
CubeSmart		20,751		1,079,675
Custodian REIT plc		38,796		51,824
Daiwa House REIT Investment Corp.		326		877,236
Daiwa Office Investment Corp.		26		161,412
Daiwa Securities Living Investments Corp.		192		181,448
Derwent London plc		9,607		403,799
Dexus		162,117		1,319,342
Dexus Industria REIT		20,270		51,256
DiamondRock Hospitality Co. (a)		19,783		199,808
Digital Realty Trust, Inc.		33,374		4,732,433
DigitalBridge Group, Inc. (a) (b)		45,892		330,422
Diversified Healthcare Trust		22,446		71,827
Douglas Emmett, Inc.		15,834		529,172
Dream Industrial Real Estate Investment Trust		21,218		273,934
Dream Office Real Estate Investment Trust		3,367		75,062
Duke Realty Corp.		45,114		2,619,319
Easterly Government Properties, Inc. (b)		8,191		173,158
EastGroup Properties, Inc.		3,822		776,936
Empire State Realty Trust, Inc. - Class A (b)		13,525		132,815
Empiric Student Property plc		55,922		67,094
EPR Properties (b)		7,044		385,377
Equinix, Inc.		10,624		7,878,971
Equity Commonwealth (a)		10,290		290,281
Equity LifeStyle Properties, Inc. (b)		16,845		1,288,306
Equity Residential		43,087		3,874,383
ESR-REIT		254,750		80,671
Essential Properties Realty Trust, Inc.		11,456		289,837
Essex Property Trust, Inc.		7,694		2,658,123
Eurocommercial Properties NV		4,813		131,625
Extra Space Storage, Inc.		15,621		3,211,678
Far East Hospitality Trust		92,150		44,070
Federal Realty Investment Trust (b)		9,067		1,106,809
First Capital Real Estate Investment Trust		20,637		296,312
First Industrial Realty Trust, Inc.		12,247		758,212
Fortune Real Estate Investment Trust		129,580		116,373
Four Corners Property Trust, Inc.		7,308		197,608
Frasers Centrepoint Trust		102,750		184,416
Frasers Logistics & Industrial Trust		268,950		288,577
Frontier Real Estate Investment Corp.		46		191,168
Fukuoka REIT Corp.		69		94,932
Gaming and Leisure Properties, Inc.		22,184		1,041,095
Gecina S.A.		7,417		933,239
Getty Realty Corp.		3,852		110,244
Global Net Lease, Inc.		9,865		155,176
Global One Real Estate Investment Corp.		92		84,556
GLP J-REIT		644		980,218
Goodman Group		93,787		1,592,950
Goodman Property Trust		104,111		169,963
GPT Group (The)		288,733		1,110,630
Granite Real Estate Investment Trust		5,866		452,238
Great Portland Estates plc		24,157		225,230
Growthpoint Properties Australia, Ltd.		26,516		86,041
H&R Real Estate Investment Trust		26,830		280,072

BHFTI-6

Brighthouse Funds Trust I

AB Global Dynamic Allocation Portfolio

Consolidated Schedule of Investments as of March 31, 2022 (Unaudited)

Common Stocks—(Continued)

Security Description	Shares		Value
Equity Real Estate Investment Trusts—(Continued)
Hamborner REIT AG		6,733	$	71,431
Hammerson plc		420,678		182,083
Hankyu Hanshin REIT, Inc.		63		79,517
Healthcare Realty Trust, Inc. (b)		13,955		383,483
Healthcare Trust of America, Inc. - Class A		20,713		649,145
Healthpeak Properties, Inc.		63,951		2,195,438
Heiwa Real Estate REIT, Inc.		87		106,729
Hibernia REIT plc		63,162		113,070
Highwoods Properties, Inc.		9,782		447,429
Home Consortium, Ltd.		13,083		66,864
Home Reit plc		53,579		87,181
HomeCo Daily Needs REIT		126,043		135,511
Hoshino Resorts REIT, Inc.		23		128,809
Host Hotels & Resorts, Inc. (b)		84,029		1,632,683
Hotel Property Investments		18,133		52,103
Hudson Pacific Properties, Inc.		14,108		391,497
Hulic REIT, Inc.		121		165,439
Icade		3,101		199,255
Ichigo Office REIT Investment Corp.		112		80,985
Immobiliare Grande Distribuzione SIIQ S.p.A. (a)		6,221		29,960
Impact Healthcare Reit plc		27,773		44,577
Independence Realty Trust, Inc. (b)		20,899		552,570
Industrial & Infrastructure Fund Investment Corp.		181		274,084
Industrial Logistics Properties Trust		6,145		139,307
Ingenia Communities Group		34,956		130,959
Inmobiliaria Colonial Socimi S.A.		32,733		297,360
Innovative Industrial Properties, Inc.		2,242		460,507
InterRent Real Estate Investment Trust		12,421		158,870
Intervest Offices & Warehouses NV		2,250		67,938
InvenTrust Properties Corp.		6,402		197,054
Invincible Investment Corp.		465		160,709
Invitation Homes, Inc.		56,829		2,283,389
Irish Residential Properties REIT plc		42,207		67,645
Iron Mountain, Inc. (b)		6,778		375,569
Irongate Group		46,948		67,046
Itochu Advance Logistics Investment Corp.		56		72,548
Japan Excellent, Inc.		118		130,699
Japan Hotel REIT Investment Corp.		426		217,219
Japan Logistics Fund, Inc.		82		213,669
Japan Metropolitan Fund Investment Corp.		1,047		884,719
Japan Prime Realty Investment Corp.		87		285,094
Japan Real Estate Investment Corp. (b)		194		1,016,561
JBG SMITH Properties		11,631		339,858
Kenedix Office Investment Corp.		36		215,648
Kenedix Residential Next Investment Corp.		93		162,805
Kenedix Retail REIT Corp.		55		125,974
Keppel DC REIT		121,507		203,921
Keppel Pacific Oak US REIT		80,300		58,908
Keppel REIT		204,882		183,800
Killam Apartment Real Estate Investment Trust		10,780		184,704
Kilroy Realty Corp.		11,050		844,441
Kimco Realty Corp.		69,740		1,722,578
Kite Realty Group Trust		20,529		467,445
Kiwi Property Group, Ltd.		149,716		113,971
Klepierre		29,047		772,304
Land Securities Group plc		106,893		1,097,370
Lar Espana Real Estate Socimi S.A.		5,649		30,936
Equity Real Estate Investment Trusts—(Continued)
LaSalle Logiport REIT		170		244,520
Lendlease Global Commercial REIT		84,050		47,992
Life Storage, Inc.		7,756		1,089,175
Link REIT		317,072		2,702,530
LondonMetric Property plc		90,308		326,576
LTC Properties, Inc. (b)		3,682		141,647
LXI REIT plc		70,089		136,008
LXP Industrial Trust (b)		26,435		415,029
Macerich Co. (The)		20,228		316,366
Manulife US Real Estate Investment Trust		151,550		102,094
Mapletree Commercial Trust		328,433		456,787
Mapletree Industrial Trust		176,712		349,849
Mapletree Logistics Trust		478,897		651,540
Medical Properties Trust, Inc. (b)		56,262		1,189,379
Mercialys S.A.		5,954		58,891
Merlin Properties Socimi S.A.		31,632		367,136
Mid-America Apartment Communities, Inc.		13,681		2,865,485
Mirai Corp.		156		67,687
Mirvac Group		593,370		1,098,451
Mitsubishi Estate Logistics REIT Investment Corp.		36		139,964
Mitsui Fudosan Logistics Park, Inc.		51		240,576
Montea NV		1,165		151,684
Mori Hills REIT Investment Corp.		150		185,712
Mori Trust Sogo REIT, Inc.		94		110,227
National Health Investors, Inc.		4,138		244,183
National Retail Properties, Inc. (b)		16,628		747,262
National Storage Affiliates Trust		7,684		482,248
National Storage REIT		108,743		217,953
Necessity Retail REIT, Inc. (The) (b)		11,742		92,879
NewRiver REIT plc		28,826		32,274
NexPoint Residential Trust, Inc.		2,105		190,103
Nextensa S.A.		391		30,461
Nippon Accommodations Fund, Inc.		44		230,919
Nippon Building Fund, Inc.		228		1,294,751
Nippon Prologis REIT, Inc.		337		985,665
NIPPON REIT Investment Corp.		41		128,544
Nomura Real Estate Master Fund, Inc.		666		880,573
NorthWest Healthcare Properties Real Estate Investment Trust		18,373		202,373
NSI NV		1,690		74,158
NTT UD REIT Investment Corp.		128		169,135
Office Properties Income Trust		4,529		116,531
Omega Healthcare Investors, Inc. (b)		22,714		707,768
One REIT, Inc.		23		56,534
Orion Office REIT, Inc. (b)		5,383		75,362
Orix JREIT, Inc.		400		542,274
OUE Commercial Real Estate Investment Trust		203,700		62,922
Paramount Group, Inc.		17,657		192,638
Park Hotels & Resorts, Inc.		22,348		436,456
Parkway Life Real Estate Investment Trust		36,850		127,496
Pebblebrook Hotel Trust (b)		12,295		300,982
Physicians Realty Trust		20,853		365,762
Picton Property Income, Ltd. (The)		52,179		67,162
Piedmont Office Realty Trust, Inc. - Class A		11,730		201,991
Precinct Properties New Zealand, Ltd.		126,778		137,719
Primaris Real Estate Investment Trust		9,189		113,856
Primary Health Properties plc		125,086		242,931

BHFTI-7

Brighthouse Funds Trust I

AB Global Dynamic Allocation Portfolio

Consolidated Schedule of Investments as of March 31, 2022 (Unaudited)

Common Stocks—(Continued)

Security Description	Shares		Value
Equity Real Estate Investment Trusts—(Continued)
Prime U.S. REIT		60,650	$	45,697
Prologis, Inc.		87,565		14,139,996
Prosperity REIT		113,000		41,123
PRS REIT plc (The)		49,229		69,414
PS Business Parks, Inc. (b)		1,900		319,352
Public Storage		17,932		6,998,501
Realty Income Corp.		67,122		4,651,555
Regency Centers Corp.		19,684		1,404,257
Regional REIT, Ltd. (144A)		41,929		48,153
Retail Estates NV		1,001		81,656
Retail Opportunity Investments Corp. (b)		11,243		218,002
Rexford Industrial Realty, Inc.		15,297		1,141,003
RioCan Real Estate Investment Trust		29,846		602,339
RLJ Lodging Trust		15,644		220,267
RPT Realty		7,919		109,045
Ryman Hospitality Properties, Inc. (a)		5,087		471,921
Sabra Health Care REIT, Inc.		21,601		321,639
Safehold, Inc.		1,965		108,959
Safestore Holdings plc		19,545		343,037
Sankei Real Estate, Inc.		44		40,313
SBA Communications Corp.		2,547		876,423
Scentre Group		784,289		1,776,153
Schroder Real Estate Investment Trust, Ltd.		46,827		35,404
Segro plc		181,085		3,190,009
Sekisui House REIT, Inc.		395		261,379
Service Properties Trust		15,523		137,068
Shaftesbury plc		26,525		213,937
Shopping Centres Australasia Property Group		105,805		229,373
Simon Property Group, Inc.		38,757		5,098,871
SITE Centers Corp.		16,389		273,860
SL Green Realty Corp. (b)		6,442		522,962
SmartCentres Real Estate Investment Trust		12,342		324,111
SOSiLA Logistics REIT, Inc.		63		83,101
SPH REIT		89,550		64,019
Spirit Realty Capital, Inc.		12,119		557,716
STAG Industrial, Inc.		16,943		700,593
Standard Life Investment Property Income Trust, Ltd.		37,848		42,488
Star Asia Investment Corp.		153		78,080
Starhill Global REIT		134,600		60,360
Starts Proceed Investment Corp.		21		41,000
Stockland		359,609		1,135,161
STORE Capital Corp.		23,255		679,744
Stride Property Group		45,948		63,248
Summit Hotel Properties, Inc. (a)		9,812		97,727
Summit Industrial Income REIT		15,437		271,906
Sun Communities, Inc.		10,907		1,911,888
Sunlight Real Estate Investment Trust		102,250		50,360
Sunstone Hotel Investors, Inc. (a)		20,593		242,586
Suntec Real Estate Investment Trust		198,528		255,464
Takara Leben Real Estate Investment Corp.		51		51,519
Tanger Factory Outlet Centers, Inc. (b)		9,676		166,330
Target Healthcare REIT plc		59,123		86,987
Terreno Realty Corp.		6,975		516,499
Tokyu REIT, Inc.		84		136,236
Triple Point Social Housing REIT plc (144A)		34,783		42,768
Tritax Big Box REIT plc		177,954		563,213
Equity Real Estate Investment Trusts—(Continued)
Tritax EuroBox plc (144A)		76,946		106,368
UDR, Inc.		36,940		2,119,248
UK Commercial Property Trust, Ltd.		70,181		81,254
Unibail-Rodamco-Westfield (a)		16,755		1,253,485
UNITE Group plc (The)		30,344		459,731
United Urban Investment Corp.		283		325,766
Universal Health Realty Income Trust		1,214		70,861
Urban Edge Properties		10,952		209,183
Urban Logistics REIT plc		43,938		109,933
Vastned Retail NV		1,635		48,994
Ventas, Inc.		47,290		2,920,630
Veris Residential, Inc. (a)		8,307		144,459
VICI Properties, Inc.		59,890		1,704,469
Vicinity Centres		573,463		792,914
Vital Healthcare Property Trust		40,685		91,640
Vornado Realty Trust (b)		20,424		925,616
Warehouses De Pauw CVA		13,425		578,498
Washington Real Estate Investment Trust		8,009		204,229
Waypoint REIT		68,853		136,946
Welltower, Inc.		51,662		4,966,785
Wereldhave NV		3,843		74,845
Weyerhaeuser Co.		17,536		664,614
Workspace Group plc		12,726		114,075
WP Carey, Inc.		17,995		1,454,716
Xenia Hotels & Resorts, Inc. (a)		10,777		207,888
Xior Student Housing NV		2,112		118,002
				196,146,291
Food & Staples Retailing—0.8%
Aeon Co., Ltd.		36,463		777,893
Carrefour S.A.		34,623		751,102
Coles Group, Ltd.		74,379		991,379
Cosmos Pharmaceutical Corp.		1,143		138,836
Costco Wholesale Corp.		10,344		5,956,592
Endeavour Group, Ltd.		73,190		398,197
Etablissements Franz Colruyt NV		3,011		124,855
HelloFresh SE (a)		9,212		416,262
J Sainsbury plc		96,693		320,177
Jeronimo Martins SGPS S.A.		15,864		380,051
Kesko Oyj - B Shares		15,265		421,330
Kobe Bussan Co., Ltd.		7,716		237,023
Koninklijke Ahold Delhaize NV		58,309		1,874,415
Kroger Co. (The)		15,843		908,913
Lawson, Inc.		2,772		105,943
Ocado Group plc (a)		27,238		416,352
Seven & i Holdings Co., Ltd.		42,014		1,999,035
Sysco Corp.		12,002		979,963
Tesco plc		428,809		1,550,290
Tsuruha Holdings, Inc.		2,243		142,453
Walgreens Boots Alliance, Inc.		16,820		753,031
Walmart, Inc.		33,294		4,958,143
Welcia Holdings Co., Ltd.		5,216		128,338
Woolworths Group, Ltd.		67,603		1,877,682
				26,608,255

BHFTI-8

Brighthouse Funds Trust I

AB Global Dynamic Allocation Portfolio

Consolidated Schedule of Investments as of March 31, 2022 (Unaudited)

Common Stocks—(Continued)

Security Description	Shares		Value
Food Products—1.1%
Ajinomoto Co., Inc.		26,028	$	739,118
Archer-Daniels-Midland Co.		13,097		1,182,135
Associated British Foods plc		19,873		431,590
Barry Callebaut AG		201		470,670
Campbell Soup Co. (b)		4,738		211,173
Chocoladefabriken Lindt & Spruengli AG		7		845,559
Chocoladefabriken Lindt & Spruengli AG (Participation Certificate)		60		711,529
Conagra Brands, Inc.		11,230		376,991
Danone S.A.		36,426		2,006,631
General Mills, Inc.		14,180		960,270
Hershey Co. (The)		3,404		737,408
Hormel Foods Corp.		6,605		340,422
J.M. Smucker Co. (The) (b)		2,536		343,400
JDE Peet’s NV		5,550		158,781
Kellogg Co. (b)		5,989		386,231
Kerry Group plc - Class A		8,874		991,524
Kikkoman Corp. (b)		8,108		537,001
Kraft Heinz Co. (The)		16,621		654,701
Lamb Weston Holdings, Inc. (b)		3,419		204,832
McCormick & Co., Inc.		5,837		582,533
MEIJI Holdings Co., Ltd. (b)		6,836		370,738
Mondelez International, Inc. - Class A		32,658		2,050,269
Mowi ASA		24,515		660,881
Nestle S.A.		157,019		20,384,334
Nisshin Seifun Group, Inc. (b)		10,938		152,700
Nissin Foods Holdings Co., Ltd.		3,579		251,326
Orkla ASA		41,529		369,331
Toyo Suisan Kaisha, Ltd.		5,026		179,732
Tyson Foods, Inc. - Class A		6,902		618,626
WH Group, Ltd.		461,128		290,095
Wilmar International, Ltd.		106,220		368,318
Yakult Honsha Co., Ltd.		7,194		383,978
				38,952,827
Gas Utilities—0.1%
APA Group		65,240		517,358
Atmos Energy Corp.		3,100		370,419
Enagas S.A.		13,762		305,808
Hong Kong & China Gas Co., Ltd.		624,277		755,134
Naturgy Energy Group S.A. (b)		10,872		324,666
Osaka Gas Co., Ltd.		20,735		355,979
Snam S.p.A.		112,439		649,333
Tokyo Gas Co., Ltd.		20,971		384,155
				3,662,852
Health Care Equipment & Supplies—1.2%
Abbott Laboratories		41,398		4,899,867
ABIOMED, Inc. (a)		1,065		352,771
Alcon, Inc.		27,863		2,200,985
Align Technology, Inc. (a)		1,717		748,612
Ambu A/S - Class B		9,263		136,035
Asahi Intecc Co., Ltd.		11,986		234,525
Baxter International, Inc.		11,722		908,924
Becton Dickinson & Co.		6,724		1,788,584
BioMerieux		2,334		248,773
Boston Scientific Corp. (a)		33,361		1,477,559
Health Care Equipment & Supplies—(Continued)
Carl Zeiss Meditec AG		2,256		365,805
Cochlear, Ltd.		3,671		611,584
Coloplast A/S - Class B		6,625		1,003,373
Cooper Cos., Inc. (The)		1,154		481,899
Demant A/S (a)		6,083		275,174
Dentsply Sirona, Inc.		5,117		251,859
DexCom, Inc. (a)		2,269		1,160,820
DiaSorin S.p.A.		1,423		222,816
Edwards Lifesciences Corp. (a)		14,616		1,720,596
Fisher & Paykel Healthcare Corp., Ltd.		32,150		540,230
Getinge AB - B Shares		12,785		508,907
GN Store Nord AS		6,962		339,751
Hologic, Inc. (a)		5,934		455,850
Hoya Corp.		20,655		2,356,977
IDEXX Laboratories, Inc. (a)		1,985		1,085,914
Inmode, Ltd. (a)		2,745		101,318
Intuitive Surgical, Inc. (a)		8,357		2,521,140
Koninklijke Philips NV		51,154		1,564,954
Medtronic plc		31,507		3,495,702
Olympus Corp. (b)		61,580		1,169,921
ResMed, Inc.		3,412		827,444
Siemens Healthineers AG		15,724		975,024
Smith & Nephew plc		49,024		781,423
Sonova Holding AG		2,996		1,249,634
STERIS plc (b)		2,342		566,225
Straumann Holding AG		578		924,883
Stryker Corp.		7,860		2,101,371
Sysmex Corp.		9,344		678,509
Teleflex, Inc.		1,097		389,248
Terumo Corp.		35,998		1,090,226
Zimmer Biomet Holdings, Inc.		4,890		625,431
				43,440,643
Health Care Providers & Services—0.9%
AmerisourceBergen Corp.		3,502		541,794
Amplifon S.p.A.		6,995		312,340
Anthem, Inc.		5,683		2,791,603
Cardinal Health, Inc.		6,597		374,050
Centene Corp. (a)		13,660		1,150,035
Chartwell Retirement Residences (b)		22,019		218,402
Cigna Corp.		7,759		1,859,134
CVS Health Corp.		30,904		3,127,794
DaVita, Inc. (a)		1,526		172,606
Fresenius Medical Care AG & Co. KGaA		11,436		766,927
Fresenius SE & Co. KGaA		23,354		859,337
HCA Healthcare, Inc.		5,607		1,405,226
Henry Schein, Inc. (a)		3,246		283,019
Humana, Inc.		3,009		1,309,427
Laboratory Corp. of America Holdings (a)		2,241		590,862
McKesson Corp. (b)		3,575		1,094,415
Medipal Holdings Corp. (b)		10,140		167,104
Molina Healthcare, Inc. (a)		1,367		456,018
NMC Health plc (a) (c) (d)		8,180		0
Orpea S.A.		2,909		125,540
Quest Diagnostics, Inc.		2,872		393,062
Ramsay Health Care, Ltd.		10,228		495,349

BHFTI-9

Brighthouse Funds Trust I

AB Global Dynamic Allocation Portfolio

Consolidated Schedule of Investments as of March 31, 2022 (Unaudited)

Common Stocks—(Continued)

Security Description	Shares		Value
Health Care Providers & Services—(Continued)
Ryman Healthcare, Ltd.		23,499	$	152,295
Sonic Healthcare, Ltd.		25,333		667,072
UnitedHealth Group, Inc.		22,051		11,245,349
Universal Health Services, Inc. - Class B		1,711		248,009
				30,806,769
Health Care Technology—0.0%
Cerner Corp.		6,888		644,441
M3, Inc.		24,602		890,384
				1,534,825
Hotels, Restaurants & Leisure—0.8%
Accor S.A. (a)		9,549		306,013
Aristocrat Leisure, Ltd.		33,603		911,023
Booking Holdings, Inc. (a)		962		2,259,209
Caesars Entertainment, Inc. (a)		5,004		387,109
Carnival Corp. (a) (b)		18,833		380,803
Chipotle Mexican Grill, Inc. (a)		659		1,042,558
Compass Group plc		99,476		2,143,814
Crown Resorts, Ltd. (a)		20,593		195,730
Darden Restaurants, Inc. (b)		3,038		403,902
Domino’s Pizza Enterprises, Ltd.		3,326		216,705
Domino’s Pizza, Inc. (b)		852		346,773
Entain plc (a)		32,652		700,337
Evolution AB		9,596		979,316
Expedia Group, Inc. (a)		3,418		668,800
Flutter Entertainment plc (a)		9,329		1,070,089
Galaxy Entertainment Group, Ltd.		121,340		721,158
Genting Singapore, Ltd.		334,361		200,286
Hilton Worldwide Holdings, Inc. (a)		6,525		990,104
InterContinental Hotels Group plc		10,216		691,796
La Francaise des Jeux SAEM		5,401		214,080
Las Vegas Sands Corp. (a)		8,048		312,826
Marriott International, Inc. - Class A (a)		6,405		1,125,679
McDonald’s Corp.		17,494		4,325,916
McDonald’s Holdings Co. Japan, Ltd.		4,527		188,555
Melco Resorts & Entertainment, Ltd. (ADR) (a)		11,926		91,115
MGM Resorts International		9,112		382,157
Norwegian Cruise Line Holdings, Ltd. (a)(b)		8,663		189,546
Oriental Land Co., Ltd. (b)		11,183		2,135,075
Penn National Gaming, Inc. (a) (b)		3,889		164,971
Royal Caribbean Cruises, Ltd. (a) (b)		5,249		439,761
Sands China, Ltd. (a)		134,250		322,209
Sodexo S.A.		4,944		401,369
Starbucks Corp.		27,625		2,513,046
Tabcorp Holdings, Ltd.		122,841		487,127
Whitbread plc (a)		11,287		420,023
Wynn Resorts, Ltd. (a)		2,464		196,479
Yum! Brands, Inc.		6,862		813,353
				29,338,812
Household Durables—0.4%
Barratt Developments plc		56,361		384,535
Berkeley Group Holdings plc		6,298		306,549
DR Horton, Inc.		7,631		568,586
Household Durables—(Continued)
Electrolux AB - Series B (b)		12,471		188,691
Garmin, Ltd.		3,557		421,896
Iida Group Holdings Co., Ltd.		8,140		140,902
Lennar Corp. - Class A		6,364		516,566
Mohawk Industries, Inc. (a) (b)		1,284		159,473
Newell Brands, Inc.		8,863		189,757
NVR, Inc. (a)		77		343,980
Open House Group Co., Ltd.		4,627		204,748
Panasonic Corp.		123,143		1,192,534
Persimmon plc		17,793		500,451
PulteGroup, Inc.		5,927		248,341
Rinnai Corp.		1,953		146,222
SEB S.A.		1,563		218,023
Sekisui Chemical Co., Ltd. (b)		20,857		298,724
Sekisui House, Ltd.		34,360		666,225
Sharp Corp. (b)		11,842		110,897
Sony Group Corp.		70,367		7,262,647
Taylor Wimpey plc		201,631		344,062
Whirlpool Corp.		1,422		245,693
				14,659,502
Household Products—0.5%
Church & Dwight Co., Inc.		5,715		567,957
Clorox Co. (The)		2,876		399,850
Colgate-Palmolive Co.		19,732		1,496,278
Essity AB - Class B (b)		33,934		799,535
Henkel AG & Co. KGaA		5,805		384,775
Kimberly-Clark Corp.		7,883		970,870
Lion Corp.		12,404		138,272
Procter & Gamble Co. (The)		56,655		8,656,884
Reckitt Benckiser Group plc		39,887		3,048,842
Unicharm Corp.		22,501		800,199
				17,263,462
Independent Power and Renewable Electricity Producers—0.0%
AES Corp. (The)		15,608		401,594
EDP Renovaveis S.A.		15,933		410,370
Meridian Energy, Ltd.		70,834		246,922
Uniper SE		5,164		132,812
				1,191,698
Industrial Conglomerates—0.6%
3M Co.		13,491		2,008,540
CK Hutchison Holdings, Ltd.		149,344		1,094,940
DCC plc		5,509		426,974
General Electric Co.		25,709		2,352,374
Hitachi, Ltd.		53,988		2,705,256
Honeywell International, Inc.		16,117		3,136,046
Investment AB Latour - B Shares		8,341		264,963
Jardine Matheson Holdings, Ltd.		12,072		662,127
Keppel Corp., Ltd.		80,532		380,245
Lifco AB - B Shares		12,889		327,090
Melrose Industries plc		241,767		391,348
Roper Technologies, Inc.		2,470		1,166,408
Siemens AG		42,693		5,915,636

BHFTI-10

Brighthouse Funds Trust I

AB Global Dynamic Allocation Portfolio

Consolidated Schedule of Investments as of March 31, 2022 (Unaudited)

Common Stocks—(Continued)

Security Description	Shares		Value
Industrial Conglomerates—(Continued)
Smiths Group plc		22,078	$	418,507
Toshiba Corp. (b)		21,737		824,826
				22,075,280
Insurance—1.8%
Admiral Group plc		10,921		365,842
Aegon NV		99,865		527,035
Aflac, Inc.		14,248		917,429
Ageas SA		9,606		483,427
AIA Group, Ltd.		674,500		7,061,633
Allianz SE		22,784		5,440,692
Allstate Corp. (The)		6,711		929,541
American International Group, Inc.		19,438		1,220,123
Aon plc - Class A		5,158		1,679,600
Arthur J. Gallagher & Co.		4,852		847,159
Assicurazioni Generali S.p.A. (b)		61,711		1,412,044
Assurant, Inc.		1,334		242,561
Aviva plc		211,412		1,247,948
AXA S.A.		108,592		3,171,311
Baloise Holding AG		2,555		455,287
Brown & Brown, Inc. (b)		5,488		396,618
Chubb, Ltd.		10,084		2,156,968
Cincinnati Financial Corp.		3,508		476,948
CNP Assurances		9,491		228,836
Dai-ichi Life Holdings, Inc.		56,052		1,140,322
Everest Re Group, Ltd.		922		277,872
Gjensidige Forsikring ASA		11,058		274,328
Globe Life, Inc.		2,174		218,704
Hannover Rueck SE		3,363		572,770
Hartford Financial Services Group, Inc. (The)		7,968		572,182
Insurance Australia Group, Ltd.		136,304		443,876
Japan Post Holdings Co., Ltd.		136,561		1,003,098
Japan Post Insurance Co., Ltd.		11,050		193,296
Legal & General Group plc		332,878		1,180,345
Lincoln National Corp.		3,976		259,871
Loews Corp.		4,691		304,071
Marsh & McLennan Cos., Inc.		11,820		2,014,364
Medibank Private, Ltd.		152,278		348,689
MetLife, Inc. (f)		16,739		1,176,417
MS&AD Insurance Group Holdings, Inc.		24,826		806,606
Muenchener Rueckversicherungs-Gesellschaft AG		7,831		2,097,661
NN Group NV		15,066		759,338
Phoenix Group Holdings plc		39,010		312,774
Poste Italiane S.p.A.		28,887		327,699
Principal Financial Group, Inc.		5,771		423,649
Progressive Corp. (The)		13,697		1,561,321
Prudential Financial, Inc.		8,849		1,045,686
Prudential plc		153,192		2,262,917
QBE Insurance Group, Ltd.		82,254		701,026
Sampo Oyj - A Shares		27,809		1,357,411
Sompo Holdings, Inc.		17,455		767,796
Suncorp Group, Ltd.		70,427		582,354
Swiss Life Holding AG		1,767		1,127,853
Swiss Re AG		16,819		1,600,465
T&D Holdings, Inc.		29,411		399,013
Insurance—(Continued)
Tokio Marine Holdings, Inc. (b)		35,003		2,035,850
Travelers Cos., Inc. (The)		5,759		1,052,342
Tryg A/S		20,109		487,537
W.R. Berkley Corp.		4,901		326,324
Willis Towers Watson plc		2,917		689,054
Zurich Insurance Group AG		8,402		4,142,426
				64,108,309
Interactive Media & Services—1.5%
Adevinta ASA (a)		16,255		148,105
Alphabet, Inc. - Class A (a) (e)		7,043		19,589,048
Alphabet, Inc. - Class C (a) (e)		6,548		18,288,498
Auto Trader Group plc		53,013		438,849
Kakaku.com, Inc.		7,429		166,153
Match Group, Inc. (a)		6,627		720,620
Meta Platforms, Inc. - Class A (a)		55,399		12,318,522
REA Group, Ltd.		2,968		296,755
Scout24 SE		4,663		267,489
Seek, Ltd.		18,805		413,788
Twitter, Inc. (a) (b)		18,720		724,277
Z Holdings Corp.		149,418		648,754
				54,020,858
Internet & Direct Marketing Retail—1.1%
Amazon.com, Inc. (a)		10,211		33,287,350
Delivery Hero SE (a)		9,135		402,383
eBay, Inc.		14,655		839,145
Etsy, Inc. (a) (b)		2,968		368,863
Fiverr International, Ltd. (a) (b)		1,678		127,646
Just Eat Takeaway.com NV (a)		10,062		337,740
Mercari, Inc. (a)		5,816		150,821
Prosus NV		52,032		2,754,436
Rakuten Group, Inc.		48,007		378,460
Zalando SE (a)		12,478		633,398
ZOZO, Inc.		6,892		183,095
				39,463,337
IT Services—1.5%
Accenture plc - Class A		14,788		4,986,957
Adyen NV (a)		1,107		2,186,956
Akamai Technologies, Inc. (a) (b)		3,803		454,040
Amadeus IT Group S.A. (a)		25,120		1,636,216
Automatic Data Processing, Inc.		9,865		2,244,682
Bechtle AG		4,612		260,273
Broadridge Financial Solutions, Inc.		2,729		424,933
Capgemini SE		8,966		1,994,426
Cognizant Technology Solutions Corp. - Class A		12,297		1,102,672
Computershare, Ltd.		30,044		549,656
DXC Technology Co. (a)		5,905		192,680
Edenred		13,917		687,995
EPAM Systems, Inc. (a)		1,328		393,898
Fidelity National Information Services, Inc.		14,256		1,431,587
Fiserv, Inc. (a)		13,911		1,410,575
FleetCor Technologies, Inc. (a)		1,901		473,463
Fujitsu, Ltd.		10,966		1,634,836

BHFTI-11

Brighthouse Funds Trust I

AB Global Dynamic Allocation Portfolio

Consolidated Schedule of Investments as of March 31, 2022 (Unaudited)

Common Stocks—(Continued)

Security Description	Shares		Value
IT Services—(Continued)
Gartner, Inc. (a)		1,925	$	572,610
Global Payments, Inc.		6,793		929,554
GMO Payment Gateway, Inc.		2,380		242,976
International Business Machines Corp.		20,995		2,729,770
Itochu Techno-Solutions Corp.		5,308		135,574
Jack Henry & Associates, Inc.		1,733		341,488
MasterCard, Inc. - Class A		20,310		7,258,388
NEC Corp.		13,693		574,442
Nexi S.p.A. (a)		29,232		337,661
Nomura Research Institute, Ltd.		18,729		612,537
NTT Data Corp.		35,191		690,224
Obic Co., Ltd.		3,888		582,572
Otsuka Corp.		6,418		227,908
Paychex, Inc.		7,513		1,025,299
PayPal Holdings, Inc. (a)		27,507		3,181,184
SCSK Corp.		8,640		148,061
TIS, Inc.		11,908		278,518
VeriSign, Inc. (a)		2,262		503,204
Visa, Inc. - Class A (b)		39,262		8,707,134
Wix.com, Ltd. (a)		3,193		333,541
Worldline S.A. (a)		13,293		576,294
				52,054,784
Leisure Products—0.1%
Bandai Namco Holdings, Inc.		11,141		843,984
Hasbro, Inc.		3,035		248,627
Shimano, Inc.		4,136		946,049
Yamaha Corp. (b)		7,524		328,107
				2,366,767
Life Sciences Tools & Services—0.6%
Agilent Technologies, Inc.		7,087		937,823
Bachem Holding AG - Class B		352		193,160
Bio-Rad Laboratories, Inc. - Class A (a)		506		284,994
Bio-Techne Corp. (b)		920		398,397
Charles River Laboratories International, Inc. (a)		1,182		335,653
Danaher Corp.		14,889		4,367,390
Eurofins Scientific SE		7,500		743,496
Illumina, Inc. (a)		3,659		1,278,455
IQVIA Holdings, Inc. (a)		4,473		1,034,202
Lonza Group AG		4,161		3,014,575
Mettler-Toledo International, Inc. (a)		539		740,149
PerkinElmer, Inc. (b)		2,954		515,355
QIAGEN NV (a)		12,876		632,028
Sartorius Stedim Biotech		1,542		631,985
Thermo Fisher Scientific, Inc.		9,226		5,449,337
Waters Corp. (a)		1,429		443,547
West Pharmaceutical Services, Inc.		1,735		712,582
				21,713,128
Machinery—1.1%
Alfa Laval AB		17,542		603,246
Alstom S.A.		17,693		412,442
Atlas Copco AB - A Shares		37,444		1,943,287
Atlas Copco AB - B Shares		21,759		986,775
Machinery—(Continued)
Caterpillar, Inc.		12,664		2,821,793
CNH Industrial NV		57,058		903,461
Cummins, Inc.		3,349		686,913
Daifuku Co., Ltd. (b)		5,668		404,907
Daimler Truck Holding AG (a)		22,944		637,408
Deere & Co.		6,606		2,744,529
Dover Corp.		3,371		528,910
Epiroc AB - A Shares		36,746		786,315
Epiroc AB - B Shares		21,505		387,100
FANUC Corp.		10,725		1,886,082
Fortive Corp.		8,394		511,446
GEA Group AG		8,586		354,743
Hino Motors, Ltd. (b)		15,885		92,942
Hitachi Construction Machinery Co., Ltd. (b)		5,947		154,105
Hoshizaki Corp.		3,069		210,497
Husqvarna AB - B Shares		23,136		241,146
IDEX Corp.		1,780		341,279
Illinois Tool Works, Inc.		6,687		1,400,258
Ingersoll Rand, Inc.		9,542		480,440
KION Group AG		4,039		268,599
Knorr-Bremse AG		4,060		311,919
Komatsu, Ltd.		48,823		1,171,541
Kone Oyj - Class B		18,952		992,620
Kornit Digital, Ltd. (a) (b)		2,606		215,490
Kubota Corp.		57,281		1,073,903
Kurita Water Industries, Ltd.		5,569		205,553
Makita Corp. (b)		12,507		400,583
MINEBEA MITSUMI, Inc. (b)		20,264		441,428
MISUMI Group, Inc.		15,859		471,864
Mitsubishi Heavy Industries, Ltd.		17,904		589,631
Miura Co., Ltd. (b)		4,849		119,591
NGK Insulators, Ltd. (b)		13,922		198,763
Nordson Corp.		1,265		287,256
Otis Worldwide Corp.		9,944		765,191
PACCAR, Inc. (b)		8,128		715,833
Parker-Hannifin Corp.		3,023		857,807
Pentair plc		3,874		210,010
Rational AG		289		200,530
Sandvik AB		62,949		1,336,433
Schindler Holding AG		1,133		240,231
Schindler Holding AG (Participation Certificate)		2,271		484,184
SKF AB - B Shares (b)		21,337		346,831
SMC Corp.		3,202		1,788,360
Snap-on, Inc.		1,258		258,494
Spirax-Sarco Engineering plc		4,114		674,172
Stanley Black & Decker, Inc.		3,817		533,578
Techtronic Industries Co., Ltd.		76,695		1,235,540
Toyota Industries Corp.		8,176		562,754
VAT Group AG (144A)		1,506		574,237
Volvo AB - A Shares		11,072		211,634
Volvo AB - B Shares		79,714		1,486,786
Wartsila Oyj Abp		26,174		239,057
Westinghouse Air Brake Technologies Corp. (b)		4,373		420,551
Xylem, Inc.		4,221		359,882
Yaskawa Electric Corp.		13,386		522,807
				40,293,667

BHFTI-12

Brighthouse Funds Trust I

AB Global Dynamic Allocation Portfolio

Consolidated Schedule of Investments as of March 31, 2022 (Unaudited)

Common Stocks—(Continued)

Security Description	Shares		Value
Marine—0.1%
AP Moller - Maersk A/S - Class A		176	$	520,105
AP Moller - Maersk A/S - Class B		323		973,570
Kuehne & Nagel International AG		3,030		858,538
Mitsui OSK Lines, Ltd.		19,176		532,339
Nippon Yusen KK (b)		9,008		787,233
SITC International Holdings Co., Ltd.		74,152		261,756
				3,933,541
Media—0.4%
Charter Communications, Inc. - Class A (a) (b)		2,897		1,580,371
Comcast Corp. - Class A		106,745		4,997,801
CyberAgent, Inc.		22,369		277,347
Dentsu Group, Inc.		12,100		494,804
Discovery, Inc. - Class A (a) (b)		3,961		98,708
Discovery, Inc. - Class C (a)		7,110		177,537
DISH Network Corp. - Class A (a)		5,846		185,026
Fox Corp. - Class A		7,499		295,835
Fox Corp. - Class B		3,442		124,876
Hakuhodo DY Holdings, Inc. (b)		12,924		162,406
Informa plc (a)		83,812		657,777
Interpublic Group of Cos., Inc. (The)		9,218		326,778
News Corp. - Class A		9,201		203,802
News Corp. - Class B		2,850		64,182
Omnicom Group, Inc.		4,976		422,363
Paramount Global - Class B (b)		14,204		537,053
Pearson plc		41,834		408,714
Publicis Groupe S.A.		12,713		772,270
Schibsted ASA - B Shares		5,382		114,606
Schibsted ASA - Class A		4,043		99,311
Vivendi SE		42,896		559,855
WPP plc		65,132		852,332
				13,413,754
Metals & Mining—1.1%
Anglo American plc		71,358		3,680,393
Antofagasta plc		22,060		481,707
ArcelorMittal S.A.		35,633		1,145,359
BHP Group, Ltd.		282,430		11,000,635
BlueScope Steel, Ltd.		27,488		424,761
Boliden AB		15,251		773,391
Evolution Mining, Ltd.		101,338		329,280
Fortescue Metals Group, Ltd.		94,424		1,449,015
Freeport-McMoRan, Inc.		34,379		1,710,011
Glencore plc		553,142		3,594,742
Hitachi Metals, Ltd. (a)		11,857		198,390
JFE Holdings, Inc.		27,179		382,483
Mineral Resources, Ltd.		9,481		370,619
Newcrest Mining, Ltd.		45,190		897,094
Newmont Corp.		18,669		1,483,252
Nippon Steel Corp. (b)		47,690		845,431
Norsk Hydro ASA		74,987		730,688
Northern Star Resources, Ltd.		61,156		484,689
Nucor Corp. (b)		6,691		994,617
Rio Tinto plc		62,692		4,973,101
Rio Tinto, Ltd.		20,699		1,833,588
Metals & Mining—(Continued)
South32, Ltd.		259,097		964,829
Sumitomo Metal Mining Co., Ltd. (b)		13,783		695,942
voestalpine AG		6,549		194,542
				39,638,559
Multi-Utilities—0.5%
Ameren Corp.		6,031		565,467
CenterPoint Energy, Inc. (b)		14,722		451,082
CMS Energy Corp.		6,782		474,333
Consolidated Edison, Inc.		8,281		784,045
Dominion Energy, Inc.		18,961		1,611,116
DTE Energy Co.		4,535		599,572
E.ON SE		125,186		1,455,874
Engie S.A.		101,842		1,334,987
National Grid plc		201,675		3,097,666
NiSource, Inc.		9,193		292,337
Public Service Enterprise Group, Inc.		11,838		828,660
RWE AG		35,820		1,562,408
Sempra Energy		7,476		1,256,865
Veolia Environnement S.A.		36,549		1,166,255
WEC Energy Group, Inc.		7,384		736,997
				16,217,664
Multiline Retail—0.2%
Dollar General Corp.		5,462		1,216,005
Dollar Tree, Inc. (a)		5,265		843,190
Next plc		7,414		584,635
Pan Pacific International Holdings Corp.		22,795		365,601
Ryohin Keikaku Co., Ltd.		13,972		162,946
Target Corp.		11,426		2,424,826
Wesfarmers, Ltd.		63,222		2,375,538
				7,972,741
Oil, Gas & Consumable Fuels—1.9%
Aker BP ASA (b)		7,111		264,965
Ampol, Ltd.		13,176		299,418
APA Corp.		8,504		351,470
BP plc		1,101,376		5,382,461
Chevron Corp.		45,130		7,348,518
ConocoPhillips		30,878		3,087,800
Coterra Energy, Inc.		19,047		513,698
Devon Energy Corp.		14,740		871,576
Diamondback Energy, Inc.		3,987		546,538
ENEOS Holdings, Inc.		171,112		643,128
Eni S.p.A.		140,732		2,063,284
EOG Resources, Inc.		13,698		1,633,213
Equinor ASA		54,494		2,044,786
Exxon Mobil Corp.		99,115		8,185,908
Galp Energia SGPS S.A.		27,716		350,743
Hess Corp.		6,453		690,729
Idemitsu Kosan Co., Ltd.		11,708		323,009
Inpex Corp.		57,097		677,998
Kinder Morgan, Inc.		45,652		863,279
Lundin Energy AB		11,188		474,310
Marathon Oil Corp.		18,226		457,655

BHFTI-13

Brighthouse Funds Trust I

AB Global Dynamic Allocation Portfolio

Consolidated Schedule of Investments as of March 31, 2022 (Unaudited)

Common Stocks—(Continued)

Security Description	Shares		Value
Oil, Gas & Consumable Fuels—(Continued)
Marathon Petroleum Corp.		14,412	$	1,232,226
Neste Oyj		23,590		1,074,686
Occidental Petroleum Corp.		20,772		1,178,603
OMV AG		8,224		392,153
ONEOK, Inc.		10,440		737,377
Phillips 66		10,258		886,189
Pioneer Natural Resources Co.		5,315		1,328,909
Repsol S.A.		80,908		1,063,865
Santos, Ltd.		179,409		1,031,638
Shell plc		429,462		11,786,049
TotalEnergies SE		139,962		7,101,495
Valero Energy Corp.		9,571		971,839
Washington H Soul Pattinson & Co., Ltd.		11,972		254,232
Williams Cos., Inc. (The)		28,446		950,381
Woodside Petroleum, Ltd.		54,085		1,290,431
				68,354,559
Paper & Forest Products—0.1%
Mondi plc		27,074		524,862
Oji Holdings Corp.		44,871		223,076
Stora Enso Oyj - R Shares		32,438		634,692
Svenska Cellulosa AB SCA - Class B		33,789		656,072
UPM-Kymmene Oyj		29,761		971,120
				3,009,822
Personal Products—0.5%
Beiersdorf AG		5,623		590,872
Estee Lauder Cos., Inc. (The) - Class A		5,425		1,477,336
Kao Corp.		26,486		1,087,296
Kobayashi Pharmaceutical Co., Ltd.		3,015		241,709
Kose Corp.		1,893		197,986
L’Oreal S.A.		14,007		5,606,523
Pola Orbis Holdings, Inc.		5,067		65,932
Shiseido Co., Ltd.		22,304		1,130,389
Unilever plc		143,251		6,484,933
				16,882,976
Pharmaceuticals—3.3%
Astellas Pharma, Inc.		103,812		1,627,390
AstraZeneca plc		86,422		11,460,523
Bayer AG		54,780		3,747,894
Bristol-Myers Squibb Co.		51,965		3,795,004
Catalent, Inc. (a)		4,007		444,376
Chugai Pharmaceutical Co., Ltd.		37,449		1,252,419
Daiichi Sankyo Co., Ltd.		97,709		2,143,583
Eisai Co., Ltd.		13,229		613,072
Eli Lilly and Co.		18,588		5,323,046
GlaxoSmithKline plc		280,565		6,050,085
Hikma Pharmaceuticals plc		9,599		258,254
Ipsen S.A.		2,139		267,201
Johnson & Johnson		61,634		10,923,394
Kyowa Kirin Co., Ltd.		15,125		350,905
Merck & Co., Inc.		59,136		4,852,109
Merck KGaA		7,234		1,515,008
Nippon Shinyaku Co., Ltd.		2,795		190,041
Pharmaceuticals—(Continued)
Novartis AG		122,227		10,719,487
Novo Nordisk A/S - Class B		93,949		10,404,539
Ono Pharmaceutical Co., Ltd.		20,656		518,766
Organon & Co. (b)		5,936		207,345
Orion Oyj - Class B (b)		5,992		271,898
Otsuka Holdings Co., Ltd.		21,773		753,181
Pfizer, Inc.		131,407		6,802,940
Recordati Industria Chimica e Farmaceutica S.p.A.		5,866		294,898
Roche Holding AG		39,189		15,498,282
Roche Holding AG		1,785		780,438
Sanofi		63,454		6,471,309
Santen Pharmaceutical Co., Ltd.		19,924		199,449
Shionogi & Co., Ltd.		14,768		906,960
Sumitomo Dainippon Pharma Co., Ltd. (b)		9,900		97,764
Taisho Pharmaceutical Holdings Co., Ltd. (b)		2,118		98,241
Takeda Pharmaceutical Co., Ltd. (b)		88,225		2,524,986
Teva Pharmaceutical Industries, Ltd. (ADR) (a)		60,954		572,358
UCB S.A.		7,050		843,973
Viatris, Inc.		28,314		308,056
Vifor Pharma AG (a)		2,724		485,665
Zoetis, Inc.		11,077		2,089,011
				115,663,850
Professional Services—0.5%
Adecco Group AG		8,914		403,455
Benefit One, Inc.		4,422		92,584
Bureau Veritas S.A.		16,420		469,009
Equifax, Inc.		2,856		677,158
Experian plc		51,543		1,987,756
Intertek Group plc		8,999		614,545
Jacobs Engineering Group, Inc.		3,050		420,321
Leidos Holdings, Inc.		3,285		354,846
Nielsen Holdings plc		8,400		228,816
Nihon M&A Center Holdings, Inc.		16,748		232,739
Persol Holdings Co., Ltd.		9,816		220,031
Randstad NV (b)		6,684		401,189
Recruit Holdings Co., Ltd.		75,653		3,311,881
RELX plc		107,998		3,363,938
Robert Half International, Inc.		2,606		297,553
SGS S.A.		335		930,836
Teleperformance SE		3,276		1,249,206
Verisk Analytics, Inc. (b)		3,773		809,799
Wolters Kluwer NV		14,643		1,558,740
				17,624,402
Real Estate Management & Development—1.2%
Abrdn European Logistics Income plc (144A)		37,326		53,772
ADLER Group S.A. (144A)		8,692		115,179
Aeon Mall Co., Ltd.		11,302		150,320
Allreal Holding AG		1,385		296,617
Amot Investments, Ltd.		15,148		113,427
Aroundtown S.A.		163,944		941,727
Atrium Ljungberg AB - B Shares		4,274		86,975
Azrieli Group, Ltd.		5,887		516,507
CA Immobilien Anlagen AG		3,958		122,285

BHFTI-14

Brighthouse Funds Trust I

AB Global Dynamic Allocation Portfolio

Consolidated Schedule of Investments as of March 31, 2022 (Unaudited)

Common Stocks—(Continued)

Security Description	Shares		Value
Real Estate Management & Development—(Continued)
CapitaLand Investment, Ltd. (a)		388,851	$	1,139,952
Castellum AB		25,803		636,381
Catena AB		2,627		158,891
CBRE Group, Inc. - Class A (a)		7,835		717,059
Cibus Nordic Real Estate AB		4,132		109,793
City Developments, Ltd.		67,271		389,415
Citycon Oyj (b)		6,909		52,316
CK Asset Holdings, Ltd.		300,127		2,051,284
CLS Holdings plc		14,878		38,991
Corem Property Group AB - B Shares		64,072		166,118
Daito Trust Construction Co., Ltd.		3,663		388,643
Daiwa House Industry Co., Ltd.		31,577		824,973
Deutsche Euroshop AG		4,871		89,980
Deutsche Wohnen SE		4,696		157,630
Dios Fastigheter AB		8,431		91,185
Entra ASA (144A)		5,229		104,777
ESR Cayman, Ltd. (144A) (a)		110,007		340,560
Fabege AB		24,572		362,428
Fastighets AB Balder - B Shares (a)		15,494		1,013,878
Grainger plc		69,427		265,249
Grand City Properties S.A.		9,179		183,735
Hang Lung Properties, Ltd.		305,302		614,248
Heiwa Real Estate Co., Ltd.		3,100		100,455
Helical plc		9,614		51,737
Henderson Land Development Co., Ltd.		204,209		847,779
Hiag Immobilien Holding AG		334		37,611
Hongkong Land Holdings, Ltd.		174,112		849,345
Hufvudstaden AB - A Shares		10,228		144,379
Hulic Co., Ltd.		60,484		543,066
Hysan Development Co., Ltd.		58,339		170,012
Intershop Holding AG		107		73,991
K-Fast Holding AB (a)		5,873		41,446
Kennedy-Wilson Holdings, Inc.		11,238		274,095
Kojamo Oyj		18,593		446,165
LEG Immobilien SE		11,018		1,258,278
Lendlease Corp Ltd		38,074		316,439
Lifestyle Communities, Ltd.		8,962		112,561
Mitsubishi Estate Co., Ltd.		174,533		2,595,742
Mitsui Fudosan Co., Ltd.		138,850		2,970,694
Mobimo Holding AG		616		196,300
New World Development Co., Ltd.		218,845		888,624
Nomura Real Estate Holdings, Inc.		17,247		413,033
NP3 Fastigheter AB		2,638		86,828
Nyfosa AB		17,321		246,860
Pandox AB (a)		8,415		126,515
Peach Property Group AG		1,138		69,907
Phoenix Spree Deutschland, Ltd.		7,550		37,774
Platzer Fastigheter Holding AB - Class B		5,141		63,413
PSP Swiss Property AG		4,102		538,342
Sagax AB - Class B		25,287		764,959
Samhallsbyggnadsbolaget i Norden AB (b)		105,357		469,213
Shurgard Self Storage S.A.		2,394		148,648
Sino Land Co., Ltd.		525,065		677,897
Sirius Real Estate, Ltd.		102,740		168,478
Sumitomo Realty & Development Co., Ltd. (b)		54,944		1,518,709
Sun Hung Kai Properties, Ltd.		208,322		2,481,565
Real Estate Management & Development—(Continued)
Swire Pacific, Ltd. - Class A		27,528		167,982
Swire Properties, Ltd.		165,252		409,720
Swiss Prime Site AG		11,413		1,125,079
TAG Immobilien AG		12,035		273,366
Tokyo Tatemono Co., Ltd.		18,895		282,980
Tricon Residential, Inc.		23,041		366,216
UOL Group, Ltd.		72,647		376,573
Vonovia SE		115,253		5,388,910
Wallenstam AB - B Shares		15,906		230,110
Wharf Real Estate Investment Co., Ltd.		248,912		1,230,035
Wihlborgs Fastigheter AB		12,643		263,017
				42,139,143
Road & Rail—0.4%
Aurizon Holdings, Ltd.		101,779		279,475
Central Japan Railway Co. (b)		8,041		1,048,046
CSX Corp.		51,927		1,944,666
East Japan Railway Co.		16,859		978,497
Grab Holdings, Ltd. - Class A (a) (b)		60,546		211,911
Hankyu Hanshin Holdings, Inc.		12,830		371,111
J.B. Hunt Transport Services, Inc.		1,967		394,954
Keio Corp. (b)		5,800		226,433
Keisei Electric Railway Co., Ltd.		7,149		198,967
Kintetsu Group Holdings Co., Ltd. (b)		9,656		276,253
MTR Corp., Ltd.		85,591		461,917
Nippon Express Holdings, Inc.		4,325		297,290
Norfolk Southern Corp.		5,697		1,624,898
Odakyu Electric Railway Co., Ltd. (b)		16,300		270,659
Old Dominion Freight Line, Inc. (b)		2,181		651,421
Tobu Railway Co., Ltd.		10,441		254,030
Tokyu Corp.		27,641		359,019
Union Pacific Corp.		15,051		4,112,084
West Japan Railway Co.		12,249		508,408
				14,470,039
Semiconductors & Semiconductor Equipment—2.3%
Advanced Micro Devices, Inc. (a)		38,272		4,184,661
Advantest Corp.		11,128		872,843
Analog Devices, Inc.		12,581		2,078,130
Applied Materials, Inc.		21,139		2,786,120
ASM International NV		2,612		946,850
ASML Holding NV		23,056		15,378,338
Broadcom, Inc.		9,637		6,068,226
Disco Corp.		1,612		449,653
Enphase Energy, Inc. (a)		3,158		637,221
Infineon Technologies AG		72,817		2,487,678
Intel Corp.		95,215		4,718,855
KLA Corp.		3,550		1,299,513
Lam Research Corp.		3,297		1,772,500
Lasertec Corp.		4,206		707,125
Microchip Technology, Inc.		12,990		976,069
Micron Technology, Inc.		26,189		2,039,861
Monolithic Power Systems, Inc.		1,015		492,965
NVIDIA Corp.		58,529		15,970,223
NXP Semiconductors NV		6,226		1,152,308
Qorvo, Inc. (a)		2,580		320,178

BHFTI-15

Brighthouse Funds Trust I

AB Global Dynamic Allocation Portfolio

Consolidated Schedule of Investments as of March 31, 2022 (Unaudited)

Common Stocks—(Continued)

Security Description	Shares		Value
Semiconductors & Semiconductor Equipment—(Continued)
QUALCOMM, Inc.		26,221	$	4,007,093
Renesas Electronics Corp. (a)		70,055		810,618
Rohm Co., Ltd.		4,895		380,448
Skyworks Solutions, Inc.		3,866		515,260
SolarEdge Technologies, Inc. (a)		1,230		396,515
STMicroelectronics NV		38,079		1,654,197
SUMCO Corp.		18,313		300,474
Teradyne, Inc. (b)		3,816		451,166
Texas Instruments, Inc.		21,621		3,967,021
Tokyo Electron, Ltd.		8,339		4,281,862
				82,103,971
Software—2.6%
Adobe, Inc. (a)		11,140		5,075,607
ANSYS, Inc. (a)		2,043		648,959
Autodesk, Inc. (a)		5,147		1,103,259
AVEVA Group plc		6,787		216,687
Cadence Design Systems, Inc. (a)		6,488		1,067,016
Ceridian HCM Holding, Inc. (a)		3,188		217,932
Check Point Software Technologies, Ltd. (a)		5,924		819,052
Citrix Systems, Inc.		2,920		294,628
CyberArk Software, Ltd. (a) (b)		2,234		376,988
Dassault Systemes SE		37,070		1,826,623
Fortinet, Inc. (a)		3,177		1,085,708
Intuit, Inc.		6,630		3,187,969
Microsoft Corp. (e)		175,775		54,193,190
Nemetschek SE		3,247		314,978
Nice, Ltd. (a)		3,520		770,565
NortonLifeLock, Inc.		13,619		361,176
Oracle Corp.		37,760		3,123,885
Oracle Corp. Japan		2,194		152,364
Paycom Software, Inc. (a)		1,127		390,370
PTC, Inc. (a)		2,473		266,392
Sage Group plc (The)		57,062		523,277
Salesforce.com, Inc. (a)		22,920		4,866,374
SAP SE		58,273		6,502,294
ServiceNow, Inc. (a)		4,659		2,594,551
Sinch AB (a)		28,880		195,549
Synopsys, Inc. (a)		3,570		1,189,774
Temenos AG		3,753		359,600
Trend Micro, Inc.		7,491		437,281
Tyler Technologies, Inc. (a)		960		427,094
WiseTech Global, Ltd.		8,214		309,448
Xero, Ltd. (a)		7,455		564,654
				93,463,244
Specialty Retail—0.7%
Advance Auto Parts, Inc.		1,475		305,266
AutoZone, Inc. (a)		491		1,003,889
Bath & Body Works, Inc. (b)		6,189		295,834
Best Buy Co., Inc. (b)		5,182		471,044
CarMax, Inc. (a) (b)		3,795		366,141
Chow Tai Fook Jewellery Group, Ltd.		110,587		200,294
Fast Retailing Co., Ltd.		3,254		1,671,666
H & M Hennes & Mauritz AB - B Shares (b)		40,723		543,844

Security Description	Shares		Value
Specialty Retail—(Continued)
Hikari Tsushin, Inc.		1,194	$	135,999
Home Depot, Inc. (The)		24,708		7,395,846
Industria de Diseno Textil S.A.		60,824		1,323,460
JD Sports Fashion plc		142,605		276,154
Kingfisher plc		115,471		385,367
Lowe’s Cos., Inc.		16,211		3,277,702
Nitori Holdings Co., Ltd.		4,467		560,974
O’Reilly Automotive, Inc. (a)		1,578		1,080,867
Ross Stores, Inc.		8,319		752,537
TJX Cos., Inc. (The)		28,153		1,705,509
Tractor Supply Co.		2,664		621,698
Ulta Beauty, Inc. (a)		1,273		506,934
USS Co., Ltd.		12,124		203,924
				23,084,949
Technology Hardware, Storage & Peripherals—2.0%
Apple, Inc.		364,898		63,714,840
Brother Industries, Ltd. (b)		13,049		237,625
Canon, Inc.		55,777		1,357,760
FUJIFILM Holdings Corp.		20,087		1,228,858
Hewlett Packard Enterprise Co.		30,623		511,710
HP, Inc.		26,982		979,447
Logitech International S.A.		9,653		715,397
NetApp, Inc.		5,235		434,505
Ricoh Co., Ltd. (b)		37,069		321,604
Seagate Technology Holdings plc		4,795		431,071
Seiko Epson Corp. (b)		15,468		231,908
Western Digital Corp. (a)		7,295		362,197
				70,526,922
Textiles, Apparel & Luxury Goods—0.9%
Adidas AG		10,639		2,484,380
Burberry Group plc		22,596		493,432
Cie Financiere Richemont S.A. - Class A		29,146		3,697,126
EssilorLuxottica S.A.		16,040		2,928,023
Hermes International		1,770		2,510,536
Kering S.A.		4,191		2,647,446
LVMH Moet Hennessy Louis Vuitton SE		15,488		11,028,532
Moncler S.p.A.		11,446		637,425
NIKE, Inc. - Class B		29,915		4,025,362
Pandora A/S		5,576		527,544
Puma SE		5,887		502,485
PVH Corp.		1,663		127,402
Ralph Lauren Corp.		1,141		129,435
Swatch Group AG (The)		2,992		162,458
Swatch Group AG (The) - Bearer Shares		1,615		458,916
Tapestry, Inc. (b)		6,441		239,283
Under Armour, Inc. - Class A (a) (b)		4,416		75,160
Under Armour, Inc. - Class C (a)		5,035		78,345
VF Corp.		7,632		433,956
				33,187,246
Tobacco—0.4%
Altria Group, Inc.		43,007		2,247,116
British American Tobacco plc		121,667		5,088,891

BHFTI-16

Brighthouse Funds Trust I

AB Global Dynamic Allocation Portfolio

Consolidated Schedule of Investments as of March 31, 2022 (Unaudited)

Common Stocks—(Continued)

Security Description	Shares		Value
Tobacco—(Continued)
Imperial Brands plc		52,771	$	1,111,149
Japan Tobacco, Inc.		66,911		1,145,393
Philip Morris International, Inc.		36,448		3,423,925
Swedish Match AB		88,099		662,684
				13,679,158
Trading Companies & Distributors—0.5%
AerCap Holdings NV (a)		7,513		377,754
Ashtead Group plc		24,868		1,567,632
Brenntag SE		8,615		696,601
Bunzl plc		18,808		731,260
Fastenal Co.		13,465		799,821
Ferguson plc		12,331		1,673,809
IMCD NV		3,179		540,518
ITOCHU Corp. (b)		66,279		2,248,319
Marubeni Corp. (b)		87,242		1,017,813
Mitsubishi Corp. (b)		70,417		2,653,178
Mitsui & Co., Ltd.		86,998		2,369,800
MonotaRO Co., Ltd.		13,858		296,971
Reece, Ltd.		16,073		226,749
Sumitomo Corp.		62,799		1,088,961
Toyota Tsusho Corp.		11,858		487,918
United Rentals, Inc. (a)		1,695		602,081
WW Grainger, Inc.		1,013		522,495
				17,901,680
Transportation Infrastructure—0.1%
Aena SME S.A. (a)		4,182		692,775
Aeroports de Paris (a)		1,676		251,000
Atlantia S.p.A. (a)		27,652		575,042
Auckland International Airport, Ltd. (a)		69,213		374,275
Getlink SE		24,329		438,148
Transurban Group		171,229		1,725,068
				4,056,308
Water Utilities—0.1%
American Water Works Co., Inc.		4,250		703,503
Severn Trent plc		13,962		563,562
United Utilities Group plc		37,917		558,874
				1,825,939
Wireless Telecommunication Services—0.4%
KDDI Corp. (b)		89,936		2,954,065
SoftBank Corp. (b)		160,156		1,871,870
SoftBank Group Corp.		67,250		3,024,711
T-Mobile U.S., Inc. (a)		13,744		1,764,042
Tele2 AB - B Shares		27,693		418,075
Vodafone Group plc		1,522,031		2,497,146
				12,529,909
Total Common Stocks (Cost $1,256,224,705)				1,974,735,176
U.S. Treasury & Government Agencies—32.4%
Security Description	Principal Amount*		Value
Federal Agencies—0.9%
Federal Home Loan Bank 2.500%, 02/13/24		2,495,000	$	2,502,766
Federal Home Loan Mortgage Corp.
2.750%, 06/19/23		10,696,000		10,793,671
6.250%, 07/15/32		2,705,000		3,591,909
Federal National Mortgage Association
2.875%, 09/12/23		9,744,000		9,842,841
6.625%, 11/15/30		1,746,000		2,288,302
7.250%, 05/15/30		2,048,000		2,746,136
				31,765,625
U.S. Treasury—31.5%
U.S. Treasury Bonds
1.625%, 11/15/50 (b)		9,186,300		7,527,742
1.875%, 11/15/51		8,707,100		7,637,759
2.000%, 02/15/50		5,529,500		4,980,654
2.250%, 08/15/46		22,785,600		21,311,656
2.250%, 08/15/49		4,807,400		4,571,161
2.250%, 02/15/52		2,321,800		2,226,751
2.375%, 11/15/49 (b)		5,247,300		5,132,925
2.375%, 05/15/51		28,480,800		27,908,959
2.500%, 02/15/45		6,267,900		6,104,837
2.750%, 08/15/47 (b)		2,682,700		2,780,262
2.875%, 05/15/43		6,206,100		6,424,768
2.875%, 08/15/45 (b)		34,116,500		35,561,121
2.875%, 05/15/49 (b)		4,198,800		4,515,350
3.000%, 05/15/45		1,523,600		1,618,706
3.000%, 02/15/47		3,674,300		3,953,461
3.000%, 05/15/47		4,083,700		4,409,120
3.000%, 02/15/48		2,260,100		2,462,361
3.000%, 08/15/48		10,681,800		11,663,190
3.000%, 02/15/49		3,117,900		3,427,132
3.125%, 11/15/41		6,681,800		7,204,599
3.125%, 02/15/42 (b)		707,500		763,768
3.125%, 02/15/43		9,179,500		9,879,437
3.625%, 08/15/43		27,971,000		32,450,730
3.750%, 08/15/41		8,663,900		10,186,174
3.750%, 11/15/43		554,200		655,471
4.375%, 05/15/41 (b)		608,600		773,374
4.500%, 08/15/39 (b)		343,900		443,886
5.250%, 11/15/28		4,538,700		5,317,548
5.500%, 08/15/28		6,416,100		7,563,980
6.000%, 02/15/26 (g)		36,385,700		41,111,577
6.125%, 11/15/27		7,776,300		9,259,265
6.250%, 08/15/23		5,021,600		5,305,634
6.250%, 05/15/30		982,700		1,264,075
6.375%, 08/15/27		2,967,500		3,551,727
6.875%, 08/15/25		2,830,400		3,231,742
U.S. Treasury Notes
0.250%, 06/30/25 (b)		18,154,000		16,865,492
0.250%, 08/31/25		39,122,300		36,197,297
0.250%, 09/30/25		13,221,100		12,212,991
0.375%, 04/30/25		12,837,100		12,020,239
0.375%, 12/31/25		12,678,100		11,706,938
0.375%, 01/31/26 (b)		31,040,900		28,600,067

BHFTI-17

Brighthouse Funds Trust I

AB Global Dynamic Allocation Portfolio

Consolidated Schedule of Investments as of March 31, 2022 (Unaudited)

U.S. Treasury & Government Agencies—(Continued)

Security Description	Principal Amount*		Value
U.S. Treasury—(Continued)
U.S. Treasury Notes
0.500%, 03/31/25 (b)		1,137,100	$	1,071,228
0.500%, 02/28/26		12,641,000		11,687,000
0.625%, 05/15/30		10,596,100		9,238,889
0.625%, 08/15/30		13,247,400		11,506,609
0.750%, 04/30/26		7,597,600		7,076,452
0.750%, 05/31/26 (b)		23,574,900		21,926,499
0.750%, 08/31/26		18,000,700		16,683,696
0.875%, 09/30/26		10,470,700		9,746,340
0.875%, 11/15/30		24,827,300		21,984,768
1.125%, 10/31/26		10,534,500		9,909,014
1.125%, 02/15/31 (b)		17,515,100		15,814,904
1.250%, 08/31/24 (b)		9,939,300		9,657,816
1.250%, 12/31/26		7,765,600		7,336,975
1.375%, 11/15/31		8,325,500		7,638,646
1.500%, 09/30/24		7,440,100		7,264,851
1.500%, 10/31/24		9,160,500		8,937,213
1.500%, 11/30/24		4,578,800		4,460,395
1.500%, 08/15/26 (b)		2,320,700		2,223,974
1.500%, 01/31/27 (b)		7,679,800		7,339,009
1.500%, 02/15/30 (b)		7,237,400		6,785,062
1.625%, 02/15/26		13,476,100		13,026,546
1.625%, 08/15/29 (b)		10,813,400		10,254,567
1.625%, 05/15/31		38,332,800		36,089,732
1.750%, 05/15/23 (g)		47,356,800		47,293,904
1.750%, 07/31/24 (b)		7,243,400		7,130,222
1.750%, 11/15/29		13,045,000		12,481,415
1.875%, 02/28/27		12,823,000		12,479,383
1.875%, 02/15/32		4,110,900		3,947,749
2.000%, 02/15/23		11,488,800		11,527,844
2.000%, 05/31/24		11,956,000		11,855,121
2.000%, 02/15/25 (b)		26,849,200		26,471,633
2.000%, 08/15/25		19,143,400		18,804,652
2.000%, 11/15/26		38,714,600		37,867,718
2.125%, 12/31/22		6,920,300		6,955,442
2.125%, 11/30/23		24,165,500		24,131,517
2.125%, 03/31/24		7,208,300		7,178,172
2.125%, 05/15/25 (b)		51,041,400		50,419,333
2.250%, 04/30/24		8,275,400		8,253,418
2.250%, 11/15/24		17,938,600		17,827,184
2.250%, 11/15/25		10,359,300		10,253,684
2.250%, 02/15/27		11,052,500		10,936,794
2.250%, 08/15/27		6,339,900		6,271,548
2.250%, 11/15/27		19,162,200		18,941,386
2.375%, 08/15/24		2,137,100		2,132,175
2.375%, 05/15/27		7,274,200		7,242,944
2.375%, 05/15/29 (b)		14,395,700		14,354,087
2.500%, 01/31/24		4,514,400		4,529,566
2.625%, 02/15/29		9,783,200		9,900,904
2.750%, 11/15/23		26,967,000		27,192,427
2.750%, 02/15/28		2,616,600		2,657,076
2.875%, 05/15/28		4,425,700		4,528,909
3.125%, 11/15/28		11,345,400		11,812,955
				1,113,823,273
Total U.S. Treasury & Government Agencies (Cost $1,172,127,006)				1,145,588,898
Foreign Government—8.0%
Security Description	Principal Amount*		Value
Sovereign—8.0%
Australia Government Bonds
1.750%, 06/21/51 (AUD)		237,000	$	127,236
2.500%, 05/21/30 (AUD)		4,982,000		3,650,481
3.250%, 04/21/29 (AUD)		1,346,000		1,039,689
3.750%, 04/21/37 (AUD)		1,486,000		1,207,583
4.750%, 04/21/27 (AUD)		1,450,000		1,193,945
Belgium Government Bonds
0.900%, 06/22/29 (144A) (EUR)		2,970,000		3,327,906
1.600%, 06/22/47 (144A) (EUR)		1,474,400		1,679,132
2.600%, 06/22/24 (144A) (EUR)		1,391,195		1,625,501
4.250%, 03/28/41 (144A) (EUR)		602,000		986,906
5.000%, 03/28/35 (144A) (EUR)		355,000		575,286
5.500%, 03/28/28 (EUR)		810,800		1,160,201
Bundesrepublik Deutschland Bundesanleihe
Zero Coupon, 02/15/31 (EUR)		2,993,000		3,174,526
Zero Coupon, 08/15/31 (EUR)		1,658,000		1,748,793
Zero Coupon, 08/15/50 (EUR)		1,182,000		1,094,464
0.500%, 02/15/26 (EUR)		10,107,518		11,290,011
1.250%, 08/15/48 (EUR)		404,000		517,450
2.500%, 07/04/44 (EUR)		1,063,600		1,651,105
3.250%, 07/04/42 (EUR)		387,500		646,780
4.250%, 07/04/39 (EUR)		1,677,500		2,963,459
5.500%, 01/04/31 (EUR)		2,832,600		4,492,339
Canadian Government Bonds
1.500%, 06/01/26 (CAD)		1,486,000		1,148,279
3.500%, 12/01/45 (CAD)		1,869,000		1,782,020
5.750%, 06/01/29 (CAD)		5,186,000		5,065,824
Denmark Government Bonds
0.500%, 11/15/29 (DKK)		4,004,000		585,716
4.500%, 11/15/39 (DKK)		4,060,000		957,227
Finland Government Bonds
0.125%, 09/15/31 (144A) (EUR)		399,000		410,629
0.500%, 04/15/26 (144A) (EUR)		1,288,000		1,430,851
1.375%, 04/15/47 (144A) (EUR)		330,000		395,512
French Republic Government Bond OAT
0.500%, 05/25/25 (EUR)		3,110,000		3,459,524
0.500%, 05/25/26 (EUR)		6,507,399		7,209,722
1.250%, 05/25/36 (144A) (EUR)		3,325,800		3,730,453
1.500%, 05/25/50 (144A) (EUR)		1,085,000		1,236,988
2.250%, 05/25/24 (EUR)		2,032,800		2,353,128
2.500%, 05/25/30 (EUR)		10,010,800		12,610,670
3.250%, 05/25/45 (EUR)		4,414,900		6,764,090
4.000%, 04/25/60 (EUR)		292,000		564,017
Ireland Government Bonds
0.200%, 10/18/30 (EUR)		1,185,000		1,237,660
2.000%, 02/18/45 (EUR)		483,000		603,935
5.400%, 03/13/25 (EUR)		1,140,800		1,448,512
Italy Buoni Poliennali Del Tesoro
1.500%, 04/30/45 (144A) (EUR)		232,000		218,235
1.650%, 03/01/32 (144A) (EUR)		891,000		959,751
1.800%, 03/01/41 (144A) (EUR)		469,000		476,961
3.750%, 09/01/24 (EUR)		9,653,000		11,490,205
3.850%, 09/01/49 (144A) (EUR)		2,554,000		3,619,006
5.000%, 08/01/39 (144A) (EUR)		2,969,000		4,569,557
5.250%, 11/01/29 (EUR)		10,029,200		14,044,131

BHFTI-18

Brighthouse Funds Trust I

AB Global Dynamic Allocation Portfolio

Consolidated Schedule of Investments as of March 31, 2022 (Unaudited)

Foreign Government—(Continued)

Security Description	Principal Amount*		Value
Sovereign—(Continued)
Japan Government Forty Year Bond
1.700%, 03/20/54 (JPY)		63,950,000	$	640,130
Japan Government Ten Year Bonds
0.100%, 09/20/26 (JPY)		605,100,000		4,988,273
0.100%, 12/20/29 (JPY)		767,550,000		6,287,807
0.100%, 06/20/31 (JPY)		501,750,000		4,085,920
0.100%, 12/20/31 (JPY)		75,950,000		617,070
0.500%, 12/20/24 (JPY)		1,601,350,000		13,341,821
0.800%, 09/20/22 (JPY)		168,900,000		1,393,002
Japan Government Thirty Year Bonds
0.400%, 12/20/49 (JPY)		549,350,000		3,960,428
0.500%, 09/20/46 (JPY)		1,021,600,000		7,809,861
0.700%, 06/20/51 (JPY)		457,750,000		3,567,359
0.700%, 12/20/51 (JPY)		28,700,000		223,294
1.800%, 09/20/43 (JPY)		140,250,000		1,395,599
1.900%, 09/20/42 (JPY)		423,100,000		4,260,228
2.300%, 03/20/40 (JPY)		571,750,000		6,030,192
Japan Government Twenty Year Bonds
0.500%, 09/20/36 (JPY)		732,900,000		6,067,044
0.500%, 12/20/41 (JPY)		59,750,000		473,077
1.500%, 03/20/33 (JPY)		230,600,000		2,146,357
1.700%, 12/20/31 (JPY)		195,350,000		1,834,708
1.700%, 09/20/32 (JPY)		349,850,000		3,306,447
1.700%, 09/20/33 (JPY)		418,500,000		3,981,250
2.100%, 06/20/29 (JPY)		555,050,000		5,209,236
Mexican Bonos
10.000%, 11/20/36(MXN)		32,542,100		1,868,872
Netherlands Government Bonds
Zero Coupon, 07/15/31 (144A) (EUR)		1,340,000		1,390,610
2.750%, 01/15/47 (144A) (EUR)		486,000		774,042
3.750%, 01/15/42 (144A) (EUR)		905,600		1,533,940
5.500%, 01/15/28 (144A) (EUR)		2,555,500		3,634,876
Norway Government Bonds
1.250%, 09/17/31 (144A) (NOK)		4,362,000		440,820
3.000%, 03/14/24 (144A) (NOK)		10,370,000		1,195,843
Poland Government Bond
5.750%, 04/25/29(PLN)		6,492,000		1,588,178
Republic of Austria Government Bonds
Zero Coupon, 02/20/31 (144A) (EUR)		346,000		353,744
0.750%, 10/20/26 (144A) (EUR)		1,522,000		1,703,641
3.150%, 06/20/44 (144A) (EUR)		1,483,000		2,321,378
3.400%, 11/22/22 (144A) (EUR)		1,740,000		1,972,550
4.150%, 03/15/37 (144A) (EUR)		267,000		422,789
Singapore Government Bonds
2.125%, 06/01/26 (SGD)		1,024,000		752,502
2.750%, 03/01/46 (SGD)		305,000		228,860
3.375%, 09/01/33 (SGD)		731,000		589,233
Spain Government Bonds
0.350%, 07/30/23(EUR)		2,380,000		2,650,736
1.000%, 10/31/50 (144A) (EUR)		1,053,000		922,353
1.450%, 10/31/27 (144A) (EUR)		3,180,000		3,620,477
1.950%, 07/30/30 (144A) (EUR)		3,826,000		4,488,655
2.900%, 10/31/46 (144A) (EUR)		1,182,000		1,573,354
4.200%, 01/31/37 (144A) (EUR)		1,045,000		1,555,356
Sovereign—(Continued)
Spain Government Bonds
4.400%, 10/31/23 (144A) (EUR)		1,028,000		1,216,153
4.700%, 07/30/41 (144A) (EUR)		1,213,000		1,994,728
6.000%, 01/31/29 (EUR)		3,371,400		4,973,398
Sweden Government Bonds
1.000%, 11/12/26 (SEK)		15,990,000		1,687,790
1.500%, 11/13/23 (144A) (SEK)		3,330,000		358,736
Swiss Confederation Government Bond
4.000%, 02/11/23 (CHF)		415,000		466,805
United Kingdom Gilt
0.375%, 10/22/30 (GBP)		2,084,000		2,486,908
1.750%, 01/22/49 (GBP)		692,000		901,904
2.250%, 09/07/23 (GBP)		1,170,000		1,556,192
3.250%, 01/22/44 (GBP)		2,120,900		3,502,431
4.250%, 12/07/46 (GBP)		5,267,100		10,251,238
6.000%, 12/07/28 (GBP)		2,928,400		4,953,234
Total Foreign Government (Cost $311,536,846)				284,076,825
Mutual Funds—0.5%
Investment Company Securities—0.5%
iShares U.S. Real Estate ETF		8,116		878,314
Vanguard Global ex-U.S. Real Estate ETF		65,678		3,411,972
Vanguard Real Estate ETF		129,693		14,054,830
Total Mutual Funds (Cost $18,390,222)				18,345,116
Preferred Stocks—0.1%
Automobiles—0.1%
Bayerische Motoren Werke (BMW) AG		3,243		251,300
Porsche Automobil Holding SE		8,539		827,255
Volkswagen AG		10,375		1,794,007
				2,872,562
Chemicals—0.0%
Fuchs Petrolub SE		3,842		139,573
Health Care Equipment & Supplies—0.0%
Sartorius AG		1,462		649,288
Household Products—0.0%
Henkel AG & Co. KGaA		9,935		665,367
Total Preferred Stocks (Cost $4,319,962)				4,326,790
Rights—0.0%
Electric Utilities—0.0%
Electricite de France S.A., Expires 04/04/22 (a)		26,191		38,041

BHFTI-19

Brighthouse Funds Trust I

AB Global Dynamic Allocation Portfolio

Consolidated Schedule of Investments as of March 31, 2022 (Unaudited)

Rights—(Continued)

Security Description	Shares/ Principal Amount*		Value
Equity Real Estate Investment Trusts—0.0%
Lendlease Global Commercial REIT, Expires 04/12/22 (a)		24,374	$	969
Total Rights (Cost $0)				39,010
Short-Term Investment—0.2%
Repurchase Agreement—0.2%
Fixed Income Clearing Corp. Repurchase Agreement dated 03/31/22 at 0.000%, due on 04/01/22 with a maturity value of $5,358,835; collateralized by U.S. Treasury Note at 1.500%, maturing 02/15/25, with a market value of $5,466,083.		5,358,835		5,358,835
Total Short-Term Investments (Cost $5,358,835)				5,358,835
Securities Lending Reinvestments (h)—7.1%
Certificates of Deposit—1.7%
Barclays Bank plc 0.180%, 04/07/22		7,000,000		6,999,741
BNP Paribas S.A. 0.490%, SOFR + 0.220%, 11/17/22 (i)		3,000,000		2,995,776
Canadian Imperial Bank of Commerce (NY) 0.520%, SOFR + 0.250%, 02/03/23 (i)		2,000,000		1,997,030
Cooperatieve Rabobank UA 0.840%, SOFR + 0.570%, 09/19/22 (i)		5,000,000		5,000,000
Credit Industriel et Commercial Zero Coupon, 04/14/22		2,000,000		1,999,660
Goldman Sachs Bank USA 0.470%, SOFR + 0.190%, 09/02/22 (i)		5,000,000		4,993,630
Mizuho Bank, Ltd. 0.250%, 05/05/22		5,000,000		4,998,455
MUFG Bank Ltd. 0.250%, 05/04/22		5,000,000		4,998,530
National Australia Bank, Ltd. Zero Coupon, 04/25/22		3,000,000		2,998,920
Oversea-Chinese Banking Corp., Ltd.
Zero Coupon, 04/14/22		1,200,000		1,199,796
0.720%, SOFR + 0.440%, 09/26/22 (i)		5,000,000		5,000,997
Standard Chartered Bank (NY) 0.460%, SOFR + 0.190%, 08/25/22 (i)		3,000,000		2,997,550
Sumitomo Mitsui Banking Corp. 0.200%, 04/26/22		7,000,000		6,998,418
Toronto-Dominion Bank (The) 0.820%, FEDEFF PRV + 0.490%, 12/23/22 (i)		5,000,000		4,998,520
			58,177,023
Commercial Paper—0.7%
DNB Bank ASA 0.830%, SOFR + 0.550%, 09/07/22 (i)		5,000,000		5,001,995
Macquarie Bank Ltd. 0.510%, SOFR + 0.230%, 08/04/22 (i)		5,000,000		4,996,155
Commercial Paper—(Continued)
Skandinaviska Enskilda Banken AB 0.200%, 04/28/22		10,000,000		9,996,200
Societe Generale 0.460%, SOFR + 0.190%, 08/18/22 (i)		3,000,000		2,996,973
				22,991,323
Repurchase Agreements—4.0%
Barclays Bank plc
Repurchase Agreement dated 03/31/22 at 0.600%, due on 05/05/22 with a maturity value of $7,004,083; collateralized by various Common Stock with an aggregate market value of $7,780,198.		7,000,000		7,000,000
Barclays Capital, Inc. Repurchase Agreement dated 03/31/22 at 0.240%, due on 04/01/22 with a maturity value of $14,992,502; collateralized by U.S. Treasury Obligations at 0.000%, maturity dates ranging from 02/15/37 - 11/15/48, and an aggregate market value of $15,292,250.		14,992,402		14,992,402
BofA Securities, Inc.
Repurchase Agreement dated 03/31/22 at 0.600%, due on 04/18/22 with a maturity value of $4,801,440; collateralized by U.S. Treasury Obligations with rates ranging from 0.000% - 2.250%, maturity dates ranging from 07/21/22 - 08/15/49, and various Common Stock with an aggregate market value of $5,080,414.		4,800,000		4,800,000
Repurchase Agreement dated 03/31/22 at 0.600%, due on 05/05/22 with a maturity value of $4,802,800; collateralized by U.S. Treasury Obligations with rates ranging from 0.000% - 7.500%, maturity dates ranging from 04/21/22 - 08/15/51, and various Common Stock with an aggregate market value of $5,049,074.		4,800,000		4,800,000
Citigroup Global Markets, Inc. Repurchase Agreement dated 03/31/22 at 0.620%, due on 05/05/22 with a maturity value of $8,004,822; collateralized by U.S. Treasury Obligations with rates ranging from 0.000% - 3.875%, maturity dates ranging from 04/21/22 - 05/15/51, and various Common Stock with an aggregate market value of $8,560,487.		8,000,000		8,000,000
Citigroup Global Markets, Ltd. Repurchase Agreement dated 03/31/22 at 0.300%, due on 04/01/22 with a maturity value of $4,200,035; collateralized by U.S. Treasury and Foreign Obligations with rates ranging from 0.125% - 2.875%, maturity dates ranging from 08/15/23 - 02/15/51, and an aggregate market value of $4,284,001.		4,200,000		4,200,000
National Bank of Canada Repurchase Agreement dated 03/31/22 at 0.450%, due on 04/07/22 with a maturity value of $35,003,063; collateralized by U.S. Treasury Obligations with rates ranging from 0.500% - 3.000%, maturity dates ranging from 11/30/23 - 08/15/48, and various Common Stock with an aggregate market value of $38,702,954.		35,000,000		35,000,000

BHFTI-20

Brighthouse Funds Trust I

AB Global Dynamic Allocation Portfolio

Consolidated Schedule of Investments as of March 31, 2022 (Unaudited)

Securities Lending Reinvestments (h)—(Continued)

Security Description	Shares/ Principal Amount*		Value
Repurchase Agreements—(Continued)
NBC Global Finance, Ltd. Repurchase Agreement dated 03/31/22 at 0.440%, due on 04/01/22 with a maturity value of $24,000,293; collateralized by U.S. Treasury Obligations with rates ranging from 0.125% - 4.750%, maturity dates ranging from 05/15/24 - 02/15/50, and various Common Stock with an aggregate market value of $26,649,038.		24,000,000	$	24,000,000
Societe Generale
Repurchase Agreement dated 03/31/22 at 0.380%, due on 04/01/22 with a maturity value of $10,000,106; collateralized by various Common Stock with an aggregate market value of $11,112,029.		10,000,000		10,000,000
Repurchase Agreement dated 03/31/22 at 0.410%, due on 04/01/22 with a maturity value of $23,000,262; collateralized by various Common Stock with an aggregate market value of $25,559,663.		23,000,000		23,000,000
Repurchase Agreement dated 03/31/22 at 0.420%, due on 04/07/22 with a maturity value of $6,200,506; collateralized by various Common Stock with an aggregate market value of $6,889,996.		6,200,000		6,200,000
				141,992,402
Time Deposits—0.3%
DZ Bank AG (NY) 0.300%, 04/01/22		10,000,000		10,000,000
Skandi (NY) 0.300%, 04/01/22		2,000,000		2,000,000
				12,000,000
Mutual Funds—0.4%
BlackRock Liquidity Funds FedFund, Institutional Shares 0.230% (j)		5,000,000		5,000,000
Fidelity Government Portfolio, Institutional Class 0.160% (j)		5,000,000		5,000,000
Morgan Stanley Liquidity Funds Government Portfolio, Institutional Shares 0.230% (j)		5,000,000		5,000,000
				15,000,000
Total Securities Lending Reinvestments (Cost $250,190,322)				250,160,748
Total Investments—104.2% (Cost $3,018,147,898)				3,682,631,398
Other assets and liabilities (net)—(4.2)%				(148,579,665	)
Net Assets—100.0%			$	3,534,051,733

*	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 March 31, 2022, the market value of securities loaned was $239,895,440 and the collateral received consisted of cash in the amount of $250,176,714 and non-cash collateral with a value of $12,962,008. 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)	Security was valued in good faith under procedures approved by the Board of Trustees. As of March 31, 2022, 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)	All or a portion of the security was pledged as collateral against open futures contracts. As of March 31, 2022, the market value of securities pledged was $73,229,198.
(f)	Affiliated Issuer.
(g)	All or a portion of the security was pledged as collateral against open centrally cleared swap contracts. As of March 31, 2022, the market value of securities pledged was $53,213,867.
(h)	Represents investment of cash collateral received from securities on loan as of March 31, 2022.
(i)	Variable or floating rate security. The stated rate represents the rate at March 31, 2022. 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 March 31, 2022.
(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 March 31, 2022, the market value of 144A securities was $58,790,035, which is 1.7% of net assets.

BHFTI-21

Brighthouse Funds Trust I

AB Global Dynamic Allocation Portfolio

Consolidated Schedule of Investments as of March 31, 2022 (Unaudited)

Forward Foreign Currency Exchange Contracts

Contracts to Buy		Counterparty	Settlement Date		In Exchange for			Unrealized Appreciation/ (Depreciation)
AUD	1,024,316	ANZ		04/28/22		USD	767,236	$	(524	)
AUD	17,705,622	JPMC		04/28/22		USD	12,879,034		373,830
AUD	6,482,648	MSIP		04/28/22		USD	4,744,905		107,432
AUD	9,192,873	MSIP		04/28/22		USD	6,885,911		(4,938	)
CAD	63,044,535	DBAG		04/22/22		USD	49,737,717		687,097
CAD	21,259,505	JPMC		04/22/22		USD	16,712,863		291,094
CAD	23,927,048	MSIP		04/22/22		USD	18,818,265		319,269
CHF	14,180,692	BNP		04/13/22		USD	15,432,274		(81,635	)
CHF	5,157,106	GSBU		04/13/22		USD	5,609,995		(27,413	)
CHF	4,608,013	JPMC		04/13/22		USD	5,020,038		(31,850	)
CHF	12,093,314	JPMC		04/13/22		USD	13,197,897		(106,850	)
CHF	9,363,141	MSIP		04/13/22		USD	10,025,052		110,575
EUR	1,269,989	BOA		05/12/22		USD	1,394,922		11,709
EUR	2,033,146	BOA		05/12/22		USD	2,331,140		(79,242	)
EUR	1,414,876	CBNA		05/12/22		USD	1,570,615		(3,508	)
EUR	926,234	MSIP		05/12/22		USD	1,019,102		6,789
EUR	982,675	MSIP		05/12/22		USD	1,097,878		(9,474	)
EUR	991,554	NWM		05/12/22		USD	1,092,422		5,817
EUR	977,588	SSBT		05/12/22		USD	1,082,085		684
EUR	990,699	SSBT		05/12/22		USD	1,091,388		5,904
EUR	954,642	UBSA		05/12/22		USD	1,087,430		(30,075	)
EUR	51,384,036	UBSA		05/12/22		USD	58,797,519		(1,884,910	)
GBP	21,044,654	BOA		06/09/22		USD	27,475,900		161,259
GBP	689,898	JPMC		06/09/22		USD	900,855		5,163
JPY	5,358,001,274	GSBU		04/28/22		USD	46,627,198		(2,596,176	)
JPY	5,288,899,476	HSBCU		04/28/22		USD	42,815,632		647,525
JPY	118,572,912	JPMC		04/28/22		USD	973,226		1,184
JPY	1,740,752,687	MSIP		04/28/22		USD	15,151,799		(846,628	)
JPY	102,787,099	NWM		04/28/22		USD	887,788		(43,103	)
NOK	104,666,433	HSBCU		06/17/22		USD	12,073,721		(190,714	)
NOK	398,342,387	MSIP		06/17/22		USD	45,393,075		(168,396	)
SEK	109,013,382	HSBCU		06/17/22		USD	11,588,114		27,367
SEK	104,904,093	MSIP		06/17/22		USD	11,112,133		65,499
Contracts to Deliver
AUD	65,519,995	BBP		04/28/22		USD	46,398,967		(2,643,513	)
AUD	10,750,170	CBNA		04/28/22		USD	7,591,319		(455,309	)
AUD	18,685,022	DBAG		04/28/22		USD	13,415,352		(570,605	)
AUD	5,980,000	HSBCU		04/28/22		USD	4,413,378		(62,722	)
CAD	14,432,989	GSBU		04/22/22		USD	11,317,071		(226,844	)
CAD	17,430,656	HSBCU		04/22/22		USD	13,922,249		(19,286	)
CAD	10,474,631	MSIP		04/22/22		USD	8,175,694		(202,214	)
CAD	9,689,659	MSIP		04/22/22		USD	7,620,772		(129,293	)
CHF	6,448,000	HSBCU		04/13/22		USD	6,891,718		(88,260	)
CHF	3,646,676	JPMC		04/13/22		USD	3,998,896		51,359
CHF	66,362,778	MSIP		04/13/22		USD	71,848,015		10,118
CHF	16,867,736	MSIP		04/13/22		USD	18,287,992		28,620
CHF	5,960,286	MSIP		04/13/22		USD	6,427,162		(24,865	)
CHF	5,892,697	MSIP		04/13/22		USD	6,451,600		72,739
CHF	462,190	SSBT		04/13/22		USD	500,762		440
DKK	11,033,329	DBAG		06/17/22		USD	1,640,594		(4,768	)
EUR	863,559	BBH		05/12/22		USD	941,912		(14,560	)
EUR	5,737,000	DBAG		05/12/22		USD	6,374,317		20,055
EUR	997,664	DBAG		05/12/22		USD	1,133,440		28,434

BHFTI-22

Brighthouse Funds Trust I

AB Global Dynamic Allocation Portfolio

Consolidated Schedule of Investments as of March 31, 2022 (Unaudited)

Forward Foreign Currency Exchange Contracts—(Continued)

Contracts to Deliver		Counterparty	Settlement Date		In Exchange for			Unrealized Appreciation/ (Depreciation)
EUR	31,856,012	JPMC		05/12/22		USD	35,506,711	$	223,209
EUR	54,907,723	MSIP		05/12/22		USD	60,422,979		(392,442	)
EUR	28,578,590	MSIP		05/12/22		USD	32,729,013		1,075,561
EUR	22,805,446	MSIP		05/12/22		USD	25,892,445		633,289
EUR	12,241,650	MSIP		05/12/22		USD	13,898,709		339,941
EUR	2,416,499	MSIP		05/12/22		USD	2,676,328		(169	)
EUR	2,173,733	SCB		05/12/22		USD	2,410,457		2,845
EUR	580,132	SSBT		05/12/22		USD	652,165		9,614
EUR	141,066,685	UBSA		05/12/22		USD	161,419,222		5,174,721
EUR	3,418,699	UBSA		05/12/22		USD	3,800,540		14,013
GBP	3,197,342	HSBCU		06/09/22		USD	4,186,345		(12,605	)
GBP	2,418,000	HSBCU		06/09/22		USD	3,178,696		3,226
GBP	19,071,365	MSIP		06/09/22		USD	24,914,735		(130,977	)
JPY	215,937,245	ANZ		04/28/22		USD	1,778,907		4,376
JPY	127,998,480	CBNA		04/28/22		USD	1,111,978		60,112
JPY	5,313,457,435	HSBCU		04/28/22		USD	45,829,998		2,165,028
JPY	1,455,385,000	HSBCU		04/28/22		USD	12,276,943		316,869
JPY	4,936,198,363	MSIP		04/28/22		USD	42,752,152		2,187,424
JPY	9,723,834,705	SCB		04/28/22		USD	84,632,726		4,724,125
JPY	2,162,555,598	SCB		04/28/22		USD	18,822,099		1,050,633
MXN	44,218,244	SSBT		05/19/22		USD	2,157,795		(47,761	)
NOK	14,289,673	DBAG		06/17/22		USD	1,630,026		7,689
NZD	8,093,000	BBP		06/10/22		USD	5,509,366		(93,212	)
PLN	7,189,934	SSBT		05/06/22		USD	1,805,183		99,224
SEK	18,964,440	SSBT		06/17/22		USD	2,018,048		(2,631	)
SGD	1,977,940	JPMC		04/21/22		USD	1,469,041		9,802
Net Unrealized Appreciation								$	9,914,191

Futures Contracts

Futures Contracts—Long	Expiration Date		Number of Contracts			Notional Value				Value/ Unrealized Appreciation/ (Depreciation)
Australian 10 Year Treasury Bond Futures		06/15/22		356			AUD	45,120,519		$	(1,383,662	)
FTSE 100 Index Futures		06/17/22		53			GBP	3,967,580			(11,332	)
Hang Seng Index Futures		04/28/22		115			HKD	126,442,500			56,754
MSCI EAFE Index Mini Futures		06/17/22		30			USD	3,216,600			60,846
MSCI Singapore Index Futures		04/28/22		81			SGD	2,712,285			(4,199	)
OMX Stockholm 30 Index Futures		04/13/22		673			SEK	140,320,500			(325,956	)
Russell 2000 Index E-Mini Futures		06/17/22		1,127			USD	116,441,640			3,245,793
S&P Midcap 400 Index E-Mini Futures		06/17/22		431			USD	115,904,520			1,542,811
Futures Contracts—Short
Euro STOXX 50 Index Futures		06/17/22		(483	)		EUR	(18,465,090	)		(248,623	)
Euro-Bund Futures		06/08/22		(135	)		EUR	(21,419,100	)		943,519
Japanese Government 10 Year Bond Futures		06/13/22		(16	)		JPY	(2,395,200,000	)		136,927
S&P 500 Index E-Mini Futures		06/17/22		(358	)		USD	(81,100,425	)		(4,130,060	)
SPI 200 Index Futures		06/16/22		(204	)		AUD	(38,142,900	)		(932,277	)
TOPIX Index Futures		06/09/22		(383	)		JPY	(7,455,095,000	)		499,364
U.S. Treasury Note 10 Year Futures		06/21/22		(812	)		USD	(99,774,500	)		2,832,145
U.S. Treasury Note 2 Year Futures		06/30/22		(487	)		USD	(103,205,954	)		1,230,322
U.S. Treasury Note 5 Year Futures		06/30/22		(161	)		USD	(18,464,688	)		442,239
U.S. Treasury Ultra Long Bond Futures		06/21/22		(309	)		USD	(54,731,625	)		2,014,355
United Kingdom Long Gilt Bond Futures		06/28/22		(200	)		GBP	(24,246,000	)		284,818
Net Unrealized Appreciation										$	6,253,784

BHFTI-23

Brighthouse Funds Trust I

AB Global Dynamic Allocation Portfolio

Consolidated Schedule of Investments as of March 31, 2022 (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)(1)

Pay

SOFR

Annually

2.320%

Annually

03/29/32

USD

883,000,000

$

14,191,223

$

—

$

14,191,223

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		Unrealized Appreciation/ (Depreciation)(1)
Pay	0.120%		Annually	06/15/22	MSC	Bloomberg Commodity Index		USD     40,908,757	$	1,017,802	$	—	$	1,017,802
Pay	0.000%		Monthly	06/17/22	MSC	Swiss Market Index Futures		CHF     18,143,519		100,123		—		100,123
Totals									$	1,117,925	$	—	$	1,117,925

(1) There were no upfront premiums paid or (received), therefore the market value equals unrealized appreciation/(depreciation).

Glossary of Abbreviations

Counterparties

(ANZ)—	Australia & New Zealand Banking Corp.
(BBH)—	Brown Brothers Harriman & Co.
(BBP)—	Barclays Bank plc
(BNP)—	BNP Paribas S.A.
(BOA)—	Bank of America N.A.
(CBNA)—	Citibank N.A.
(DBAG)—	Deutsche Bank AG
(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
(NWM)—	NatWest Markets plc
(SCB)—	Standard Chartered Bank
(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

(FEDEFF PRV)—	Effective Federal Funds Rate
(LIBOR)—	London Interbank Offered Rate
(SOFR)—	Secured Overnight Financing Rate

Other Abbreviations

(ICE)—	Intercontinental Exchange, Inc.
(REIT)—	Real Estate Investment Trust
(ADR)—	American Depositary Receipt
(ETF)—	Exchange-Traded Fund

BHFTI-24

Brighthouse Funds Trust I

AB Global Dynamic Allocation Portfolio

Consolidated Schedule of Investments as of March 31, 2022 (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 March 31, 2022:

Description	Level 1		Level 2		Level 3		Total
Common Stocks
Aerospace & Defense	$	14,188,631	$	10,769,117	$	—	$	24,957,748
Air Freight & Logistics		5,721,955		5,544,035		—		11,265,990
Airlines		2,025,732		1,096,240		—		3,121,972
Auto Components		976,469		6,065,179		—		7,041,648
Automobiles		24,216,670		25,094,424		—		49,311,094
Banks		34,377,818		79,431,239		0		113,809,057
Beverages		13,727,533		18,096,369		—		31,823,902
Biotechnology		17,422,030		7,738,683		—		25,160,713
Building Products		3,824,687		10,091,092		—		13,915,779
Capital Markets		26,648,743		25,379,570		—		52,028,313
Chemicals		15,495,863		29,765,206		—		45,261,069
Commercial Services & Supplies		3,765,107		3,018,551		—		6,783,658
Communications Equipment		7,771,233		3,144,118		—		10,915,351
Construction & Engineering		439,051		6,544,592		—		6,983,643
Construction Materials		1,133,080		4,372,047		—		5,505,127
Consumer Finance		5,256,829		—		—		5,256,829
Containers & Packaging		2,717,843		608,152		—		3,325,995
Distributors		1,102,291		—		—		1,102,291
Diversified Consumer Services		—		269,186		—		269,186
Diversified Financial Services		15,131,369		7,651,800		—		22,783,169
Diversified Telecommunication Services		9,131,209		16,851,921		—		25,983,130
Electric Utilities		15,496,370		16,335,794		—		31,832,164
Electrical Equipment		4,708,938		15,808,384		—		20,517,322
Electronic Equipment, Instruments & Components		5,517,941		13,933,183		—		19,451,124
Energy Equipment & Services		2,895,199		393,516		—		3,288,715
Entertainment		14,943,042		6,714,703		—		21,657,745
Equity Real Estate Investment Trusts		143,569,251		52,577,040		—		196,146,291
Food & Staples Retailing		13,556,642		13,051,613		—		26,608,255
Food Products		8,648,991		30,303,836		—		38,952,827
Gas Utilities		370,419		3,292,433		—		3,662,852
Health Care Equipment & Supplies		25,961,134		17,479,509		—		43,440,643
Health Care Providers & Services		27,260,805		3,545,964		0		30,806,769
Health Care Technology		644,441		890,384		—		1,534,825
Hotels, Restaurants & Leisure		17,034,107		12,304,705		—		29,338,812
Household Durables		2,694,292		11,965,210		—		14,659,502
Household Products		12,091,839		5,171,623		—		17,263,462
Independent Power and Renewable Electricity Producers		401,594		790,104		—		1,191,698
Industrial Conglomerates		8,663,368		13,411,912		—		22,075,280
Insurance		18,788,804		45,319,505		—		64,108,309
Interactive Media & Services		51,640,965		2,379,893		—		54,020,858
Internet & Direct Marketing Retail		34,623,004		4,840,333		—		39,463,337

BHFTI-25

Brighthouse Funds Trust I

AB Global Dynamic Allocation Portfolio

Consolidated Schedule of Investments as of March 31, 2022 (Unaudited)

Fair Value Hierarchy—(Continued)

Description	Level 1			Level 2			Level 3		Total
IT Services	$	38,697,659		$	13,357,125		$	—	$	52,054,784
Leisure Products		248,627			2,118,140			—		2,366,767
Life Sciences Tools & Services		16,497,884			5,215,244			—		21,713,128
Machinery		14,139,660			26,154,007			—		40,293,667
Marine		—			3,933,541			—		3,933,541
Media		9,014,332			4,399,422			—		13,413,754
Metals & Mining		4,187,880			35,450,679			—		39,638,559
Multi-Utilities		7,600,474			8,617,190			—		16,217,664
Multiline Retail		4,484,021			3,488,720			—		7,972,741
Oil, Gas & Consumable Fuels		31,835,908			36,518,651			—		68,354,559
Paper & Forest Products		—			3,009,822			—		3,009,822
Personal Products		1,477,336			15,405,640			—		16,882,976
Pharmaceuticals		35,803,304			79,860,546			—		115,663,850
Professional Services		2,788,493			14,835,909			—		17,624,402
Real Estate Management & Development		1,357,370			40,781,773			—		42,139,143
Road & Rail		8,939,934			5,530,105			—		14,470,039
Semiconductors & Semiconductor Equipment		53,833,885			28,270,086			—		82,103,971
Software		81,289,924			12,173,320			—		93,463,244
Specialty Retail		17,783,267			5,301,682			—		23,084,949
Technology Hardware, Storage & Peripherals		66,433,770			4,093,152			—		70,526,922
Textiles, Apparel & Luxury Goods		5,108,943			28,078,303			—		33,187,246
Tobacco		5,671,041			8,008,117			—		13,679,158
Trading Companies & Distributors		2,302,151			15,599,529			—		17,901,680
Transportation Infrastructure		—			4,056,308			—		4,056,308
Water Utilities		703,503			1,122,436			—		1,825,939
Wireless Telecommunication Services		1,764,042			10,765,867			—		12,529,909
Total Common Stocks		1,026,548,697			948,186,479			0		1,974,735,176
Total U.S. Treasury & Government Agencies*		—			1,145,588,898			—		1,145,588,898
Total Foreign Government*		—			284,076,825			—		284,076,825
Total Mutual Funds*		18,345,116			—			—		18,345,116
Total Preferred Stocks*		—			4,326,790			—		4,326,790
Rights
Electric Utilities		38,041			—			—		38,041
Equity Real Estate Investment Trusts		—			969			—		969
Total Rights		38,041			969			—		39,010
Total Short-Term Investment*		—			5,358,835			—		5,358,835
Securities Lending Reinvestments
Certificates of Deposit		—			58,177,023			—		58,177,023
Commercial Paper		—			22,991,323			—		22,991,323
Repurchase Agreements		—			141,992,402			—		141,992,402
Time Deposits		—			12,000,000			—		12,000,000
Mutual Funds		15,000,000			—			—		15,000,000
Total Securities Lending Reinvestments		15,000,000			235,160,748			—		250,160,748
Total Investments	$	1,059,931,854		$	2,622,699,544		$	0	$	3,682,631,398
Collateral for Securities Loaned (Liability)	$	—		$	(250,176,714	)	$	—	$	(250,176,714	)
Forward Contracts
Forward Foreign Currency Exchange Contracts (Unrealized Appreciation)	$	—		$	21,141,663		$	—	$	21,141,663
Forward Foreign Currency Exchange Contracts (Unrealized Depreciation)		—			(11,227,472	)		—		(11,227,472	)
Total Forward Contracts	$	—		$	9,914,191		$	—	$	9,914,191
Futures Contracts
Futures Contracts (Unrealized Appreciation)	$	13,289,893		$	—		$	—	$	13,289,893
Futures Contracts (Unrealized Depreciation)		(7,036,109	)		—			—		(7,036,109	)
Total Futures Contracts	$	6,253,784		$	—		$	—	$	6,253,784
Centrally Cleared Swap Contracts
Centrally Cleared Swap Contracts (Unrealized Appreciation)	$	—		$	14,191,223		$	—	$	14,191,223
OTC Swap Contracts
OTC Swap Contracts at Value (Assets)	$	—		$	1,117,925		$	—	$	1,117,925

* 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 March 31, 2022 is not presented.

BHFTI-26

Brighthouse Funds Trust I

AB International Bond Portfolio

Schedule of Investments as of March 31, 2022 (Unaudited)

Foreign Government—53.8% of Net Assets

Security Description	Principal Amount*		Value
Banks—0.1%
Development Bank of Japan, Inc. 0.010%, 10/15/24 (EUR)		828,000	$	897,930
Provincial—0.2%
Province of Ontario Canada 2.700%, 06/02/29 (CAD)		1,895,000		1,488,882
Regional Government—0.2%
Japan Finance Organization for Municipalities 0.050%, 02/12/27 (EUR)		1,567,000		1,649,280
Sovereign—53.3%
Abu Dhabi Government International Bond 3.125%, 10/11/27		846,000		867,319
Angolan Government International Bonds 9.125%, 11/26/49 (144A)		670,000		650,878
9.125%, 11/26/49		2,546,000		2,473,337
9.375%, 05/08/48		1,229,000		1,207,001
Argentine Republic Government International Bonds 0.500%, 07/09/30 (a)		8,710,888		2,918,235
1.000%, 07/09/29		1,532,610		523,494
1.125%, 07/09/35 (a)		16,324,643		4,977,547
2.000%, 01/09/38 (a)		1,965,508		739,228
Australia Government Bonds 1.000%, 11/21/31 (AUD)		4,005,000		2,535,439
1.250%, 05/21/32 (AUD)		16,870,000		10,858,288
2.750%, 06/21/35 (AUD)		5,614,000		4,101,933
2.750%, 05/21/41 (AUD)		3,745,000		2,631,656
3.000%, 03/21/47 (AUD)		6,370,000		4,561,732
Bahrain Government International Bonds 6.000%, 09/19/44		1,364,000		1,188,592
7.000%, 10/12/28		205,000		221,939
7.375%, 05/14/30 (144A)		712,000		771,630
Brazil Letras do Tesouro Nacional Zero Coupon, 01/01/24 (BRL)		14,260,000		2,451,463
Bundesrepublik Deutschland Bundesanleihe
Zero Coupon, 08/15/31 (EUR)		8,301,000		8,770,498
Zero Coupon, 02/15/32 (EUR)		4,729,000		4,958,886
Zero Coupon, 08/15/50 (EUR)		7,122,000		6,629,749
3.250%, 07/04/42 (EUR)		802,000		1,338,626
4.750%, 07/04/34 (EUR)		650,000		1,081,027
Canada Housing Trust No. 1 1.550%, 12/15/26 (144A) (CAD)		3,805,000		2,886,675
2.100%, 09/15/29 (144A) (CAD)		1,740,000		1,323,939
Canadian Government Bonds 1.500%, 06/01/31 (CAD)		787,000		583,620
2.000%, 12/01/51 (CAD)		4,190,000		3,084,375
2.250%, 12/01/29 (CAD)		6,758,000		5,370,344
Colombia Government International Bonds 3.125%, 04/15/31		1,628,000		1,377,695
3.250%, 04/22/32		1,976,000		1,649,703
3.875%, 04/25/27		3,711,000		3,557,661
5.000%, 06/15/45 (b)		1,296,000		1,090,727
6.125%, 01/18/41		1,296,000		1,257,288
Commonwealth of Bahamas 8.950%, 10/15/32		1,858,000		1,491,528
Sovereign—(Continued)
Dominican Republic International Bonds 4.875%, 09/23/32 (b)		605,000		547,531
5.500%, 02/22/29 (144A)		2,477,000		2,446,037
5.875%, 01/30/60		526,000		449,730
5.950%, 01/25/27		1,746,000		1,794,032
6.500%, 02/15/48		3,058,000		2,905,131
8.625%, 04/20/27		174,000		192,270
Ecuador Government International Bonds
Zero Coupon, 07/31/30 (144A)		711,514		394,897
0.500%, 07/31/40 (144A) (a)		2,169,604		1,236,696
1.000%, 07/31/35 (144A) (a)		3,232,778		2,114,269
1.000%, 07/31/35 (a)		1,284,768		840,251
5.000%, 07/31/30 (144A) (a)		2,149,428		1,794,794
Egypt Government International Bonds 3.875%, 02/16/26 (144A)		1,031,000		922,506
5.625%, 04/16/30 (EUR)		1,145,000		1,063,358
7.053%, 01/15/32		577,000		506,895
7.300%, 09/30/33 (144A)		1,651,000		1,439,883
7.500%, 01/31/27		1,320,000		1,298,278
7.500%, 02/16/61 (144A)		809,000		641,133
8.150%, 11/20/59		202,000		166,347
8.500%, 01/31/47		2,762,000		2,349,854
El Salvador Government International Bonds 5.875%, 01/30/25		692,000		383,160
6.375%, 01/18/27		1,323,000		648,283
7.125%, 01/20/50 (144A)		552,000		245,646
7.625%, 02/01/41		1,254,000		576,853
7.650%, 06/15/35		195,000		91,280
7.750%, 01/24/23 (b)		1,785,000		1,452,454
8.625%, 02/28/29		569,000		273,126
9.500%, 07/15/52		545,000		262,963
Export-Import Bank of China (The) 4.000%, 11/28/47		2,796,000		2,984,618
French Republic Government Bond OAT 0.500%, 06/25/44 (144A) (EUR)		1,751,000		1,635,969
Gabon Government International Bonds 6.950%, 06/16/25		3,395,000		3,442,530
7.000%, 11/24/31		388,000		372,162
Ghana Government International Bonds 7.625%, 05/16/29		490,000		354,760
7.750%, 04/07/29 (144A)		571,000		417,344
7.875%, 03/26/27		2,105,000		1,631,569
7.875%, 02/11/35 (144A)		1,374,000		956,002
7.875%, 02/11/35		400,000		278,312
8.125%, 03/26/32		650,000		468,000
8.625%, 04/07/34 (144A)		1,196,000		849,160
8.627%, 06/16/49		207,000		143,840
8.750%, 03/11/61 (144A)		233,000		161,120
8.950%, 03/26/51		208,000		144,664
Guatemala Government Bonds 4.375%, 06/05/27		3,123,000		3,140,176
4.650%, 10/07/41 (144A)		336,000		312,483
Hungary Government International Bond 2.125%, 09/22/31		1,662,000		1,502,089
Indonesia Government International Bonds
1.000%, 07/28/29 (EUR)		520,000		521,895

BHFTI-27

Brighthouse Funds Trust I

AB International Bond Portfolio

Schedule of Investments as of March 31, 2022 (Unaudited)

Foreign Government—(Continued)

Security Description	Principal Amount*		Value
Sovereign—(Continued)
Indonesia Government International Bonds
2.850%, 02/14/30 (b)		1,163,000	$	1,143,011
4.125%, 01/15/25		3,225,000		3,312,879
4.200%, 10/15/50		1,418,000		1,473,781
4.300%, 03/31/52		359,000		375,521
Indonesia Treasury Bonds 6.500%, 02/15/31 (IDR)		18,816,000,000		1,287,584
7.250%, 02/15/26 (IDR)		44,551,000,000		3,299,209
Ireland Government Bond
Zero Coupon, 10/18/31 (EUR)		6,226,000		6,249,783
Italy Buoni Poliennali Del Tesoro 0.250%, 03/15/28 (EUR)		13,510,000		13,881,469
0.950%, 09/15/27 (EUR)		681,000		736,029
1.500%, 04/30/45 (144A) (EUR)		2,198,000		2,067,585
Ivory Coast Government International Bonds 4.875%, 01/30/32 (EUR)		230,000		223,691
5.875%, 10/17/31 (144A) (EUR)		460,000		470,669
5.875%, 10/17/31 (EUR)		410,000		419,509
6.125%, 06/15/33		3,107,000		3,002,853
6.375%, 03/03/28		1,579,000		1,610,580
Jamaica Government International Bonds 7.625%, 07/09/25		2,620,000		2,829,626
7.875%, 07/28/45		573,000		739,176
Japan Government Five Year Bond 0.005%, 09/20/26 (JPY)		1,518,400,000		12,464,375
Japan Government Thirty Year Bonds 0.400%, 12/20/49 (JPY)		677,800,000		4,886,463
0.600%, 09/20/50 (JPY)		447,750,000		3,401,120
Japan Government Twenty Year Bonds 0.400%, 06/20/41 (JPY)		448,650,000		3,498,246
0.500%, 09/20/36 (JPY)		2,602,650,000		21,545,085
Japan Government Two Year Bonds 0.005%, 04/01/23 (JPY)		1,899,850,000		15,617,816
0.005%, 07/01/23 (JPY)		808,200,000		6,644,846
0.005%, 02/01/24 (JPY)		993,700,000		8,168,926
0.100%, 03/01/23 (JPY)		769,950,000		6,334,410
Kazakhstan Government International Bond 5.125%, 07/21/25		1,084,000		1,123,674
Kenya Government International Bond 6.875%, 06/24/24		3,106,000		3,112,212
Kingdom of Belgium Government Bond 1.450%, 06/22/37 (144A) (EUR)		2,803,000		3,190,264
Korea Treasury Bonds 1.375%, 12/10/29 (KRW)		6,303,790,000		4,618,426
1.500%, 12/10/30 (KRW)		5,235,390,000		3,857,399
Lebanon Government International Bonds 6.000%, 01/27/23 (c)		6,653,000		765,095
6.200%, 02/26/25 (c)		461,000		54,744
6.650%, 11/03/28 (c)		2,006,000		233,198
Malaysia Government Bond 4.498%, 04/15/30 (MYR)		8,253,000		2,036,157
Mexico Government International Bonds 3.375%, 02/23/31 (EUR)		1,795,000		2,062,665
5.000%, 04/27/51		1,334,000		1,347,593
New Zealand Government Bond 2.750%, 04/15/25 (NZD)		1,980,000		1,361,618
Sovereign—(Continued)
Nigeria Government International Bonds 6.125%, 09/28/28 (144A)		1,630,000		1,496,340
6.500%, 11/28/27		1,099,000		1,043,940
7.375%, 09/28/33 (144A)		558,000		506,664
7.625%, 11/28/47		4,018,000		3,338,556
7.875%, 02/16/32		1,673,000		1,581,487
Oman Government International Bonds
4.875%, 02/01/25		709,000		723,180
5.625%, 01/17/28		340,000		350,536
6.250%, 01/25/31 (144A)		602,000		637,121
6.500%, 03/08/47		486,000		475,703
6.750%, 01/17/48		439,000		437,955
Pakistan Government International Bonds 6.000%, 04/08/26		738,000		579,330
6.875%, 12/05/27		1,144,000		899,756
7.375%, 04/08/31		971,000		723,880
8.875%, 04/08/51		475,000		329,840
Panama Bonos del Tesoro 3.362%, 06/30/31		1,759,000		1,653,460
Panama Government International Bonds 3.160%, 01/23/30 (b)		2,580,000		2,524,091
3.870%, 07/23/60		1,702,000		1,488,842
6.700%, 01/26/36		835,000		1,027,693
8.875%, 09/30/27		2,265,000		2,872,790
Panama Notas del Tesoro 3.750%, 04/17/26		1,580,000		1,585,530
Paraguay Government International Bonds 3.849%, 06/28/33 (144A)		209,000		201,685
4.950%, 04/28/31 (144A)		650,000		679,257
5.000%, 04/15/26 (b)		2,113,000		2,202,802
Perusahaan Penerbit SBSN Indonesia III 4.150%, 03/29/27		570,000		599,355
Peruvian Government International Bonds 3.000%, 01/15/34 (b)		1,101,000		1,026,308
3.750%, 03/01/30 (EUR)		820,000		1,009,100
Philippine Government International Bonds 3.000%, 02/01/28		915,000		918,665
3.200%, 07/06/46 (b)		1,404,000		1,253,291
3.229%, 03/29/27		292,000		295,048
3.556%, 09/29/32		2,365,000		2,422,401
3.750%, 01/14/29		364,000		377,994
4.200%, 03/29/47		885,000		923,405
5.500%, 03/30/26		288,000		315,072
Qatar Government International Bonds 4.400%, 04/16/50 (144A)		1,538,000		1,728,524
4.500%, 04/23/28		3,018,000		3,289,620
4.817%, 03/14/49		980,000		1,161,163
5.103%, 04/23/48		2,151,000		2,630,002
Republic of Austria Government Bonds
Zero Coupon, 02/20/30 (144A) (EUR)		592,000		614,071
0.500%, 02/20/29 (144A) (EUR)		5,709,000		6,221,149
Republic of Azerbaijan International Bond 4.750%, 03/18/24		672,000		682,080
Republic of South Africa Government International Bonds
5.000%, 10/12/46 (b)		306,000		253,215

BHFTI-28

Brighthouse Funds Trust I

AB International Bond Portfolio

Schedule of Investments as of March 31, 2022 (Unaudited)

Foreign Government—(Continued)

Security Description	Principal Amount*		Value
Sovereign—(Continued)
Republic of South Africa Government International Bonds
5.650%, 09/27/47		881,000	$	768,672
5.750%, 09/30/49 (b)		961,000		838,472
Romanian Government International Bonds 3.000%, 02/14/31		800,000		738,579
3.625%, 03/27/32 (144A)		794,000		748,742
4.000%, 02/14/51		868,000		749,431
Russian Foreign Bond - Eurobonds 5.250%, 06/23/47 (c)		4,400,000		990,000
5.625%, 04/04/42 (c)		200,000		67,000
Saudi Government International Bonds 2.875%, 03/04/23		320,000		322,240
3.250%, 10/22/30 (144A)		689,000		695,070
3.450%, 02/02/61		1,045,000		926,597
5.250%, 01/16/50		1,357,000		1,602,541
Senegal Government International Bond 6.750%, 03/13/48		2,204,000		1,900,421
Spain Government Bond 1.000%, 07/30/42 (144A) (EUR)		6,081,000		5,816,605
Sri Lanka Government International Bonds 6.200%, 05/11/27		2,092,000		983,240
6.850%, 11/03/25		1,370,000		666,327
7.550%, 03/28/30		214,000		99,510
7.850%, 03/14/29		253,000		120,175
Thailand Government Bond 2.875%, 12/17/28 (THB)		92,220,000		2,892,692
Turkey Government International Bond 4.875%, 04/16/43 (b)		7,183,000		5,088,437
Ukraine Government International Bonds 6.750%, 06/20/26 (144A) (EUR)		442,000		197,678
6.876%, 05/21/29		1,096,000		453,661
7.375%, 09/25/32		1,234,000		510,864
7.750%, 09/01/24		5,380,000		2,313,400
7.750%, 09/01/27		1,548,000		654,835
9.750%, 11/01/28		858,000		362,951
United Kingdom Gilt 0.250%, 07/31/31 (GBP)		2,205,000		2,560,386
0.375%, 10/22/26 (GBP)		7,462,000		9,333,484
0.875%, 01/31/46 (GBP)		1,842,000		1,981,262
1.250%, 10/22/41 (GBP)		4,080,000		4,849,594
1.250%, 07/31/51 (GBP)		1,313,596		1,519,757
1.500%, 07/31/53 (GBP)		388,702		481,818
1.750%, 09/07/37 (GBP)		4,413,590		5,743,410
Uruguay Government International Bonds 4.375%, 01/23/31		676,097		736,736
4.975%, 04/20/55		592,005		690,142
Zambia Government International Bond 8.970%, 07/30/27 (c)		4,053,000		2,880,670
				400,299,989
Total Foreign Government (Cost $462,812,103)				404,336,081
Corporate Bonds & Notes—32.3%
Security Description	Principal Amount*		Value
Aerospace/Defense—0.4%
Bombardier, Inc. 7.500%, 03/15/25 (144A) (b)		435,000		437,218
Embraer Netherlands Finance B.V. 5.400%, 02/01/27 (b)		879,000		893,293
6.950%, 01/17/28 (144A) (b)		802,000		848,115
6.950%, 01/17/28 (b)		998,000		1,055,385
				3,234,011
Agriculture—0.5%
Altria Group, Inc. 3.125%, 06/15/31 (EUR)		1,100,000		1,217,174
BAT International Finance plc 6.000%, 11/24/34 (GBP)		305,000		432,795
British American Tobacco plc 3.000%, 5Y EUR Swap + 3.372%, 09/27/26 (EUR) (d)		995,000		998,902
Imperial Brands Finance Netherlands B.V. 1.750%, 03/18/33 (EUR)		1,001,000		949,458
				3,598,329
Apparel—0.2%
Levi Strauss & Co. 3.375%, 03/15/27 (EUR)		915,000		1,013,312
PVH Corp. 3.125%, 12/15/27 (EUR)		279,000		317,232
				1,330,544
Auto Manufacturers—0.5%
BMW Finance NV 1.000%, 08/29/25 (EUR)		935,000		1,036,948
General Motors Financial Co., Inc. 0.600%, 05/20/27 (EUR)		615,000		623,142
Harley-Davidson Financial Services, Inc. 3.050%, 02/14/27 (144A)		101,000		96,083
3.350%, 06/08/25 (144A)		364,000		357,817
Volkswagen International Finance NV 0.875%, 09/22/28 (EUR)		800,000		828,956
1.875%, 03/30/27 (EUR)		600,000		664,966
3.500%, 5Y EUR Swap + 3.746%, 06/17/25 (EUR) (d)		400,000		445,266
				4,053,178
Auto Parts & Equipment—0.3%
Aptiv plc 1.600%, 09/15/28 (EUR)		585,000		624,666
Schaeffler AG 2.750%, 10/12/25 (EUR)		700,000		776,376
ZF Finance GmbH 2.000%, 05/06/27 (EUR)		800,000		796,119
				2,197,161
Banks—7.3%
Australia & New Zealand Banking Group, Ltd. 0.669%, 5Y EUR Swap + 1.120%, 05/05/31 (EUR) (d)		805,000		835,781

BHFTI-29

Brighthouse Funds Trust I

AB International Bond Portfolio

Schedule of Investments as of March 31, 2022 (Unaudited)

Corporate Bonds & Notes—(Continued)

Security Description	Principal Amount*		Value
Banks—(Continued)
Banco Bilbao Vizcaya Argentaria S.A. 1.000%, 06/21/26 (EUR)		900,000	$	980,300
5.875%, 5Y EUR Swap + 5.660%, 09/24/23 (EUR) (d)		1,200,000		1,370,643
Banco Santander S.A. 1.125%, 06/23/27 (EUR)		900,000		969,498
6.750%, 5Y EUR Swap + 6.803%, 04/25/22 (EUR) (d)		900,000		999,275
Bangkok Bank PCL 3.733%, 5Y H15 + 1.900%, 09/25/34 (144A) (d)		955,000		889,974
Bank Hapoalim BM 3.255%, 5Y H15 + 2.155%, 01/21/32 (144A) (d)		957,000		880,440
Bank of America Corp. 1.776%, 3M EURIBOR + 1.200%, 05/04/27 (EUR) (d)		1,464,000		1,630,556
Bank of Montreal 0.125%, 01/26/27 (EUR)		1,170,000		1,237,709
Bank of Nova Scotia (The) 0.010%, 01/14/27 (EUR)		1,565,000		1,646,708
Barclays plc 0.577%, 1Y EUR Swap + 1.260%, 08/09/29 (EUR) (d)		1,045,000		1,051,049
BNP Paribas S.A. 3.375%, 01/23/26 (GBP)		795,000		1,060,251
Citigroup, Inc. 1.500%, 3M EURIBOR + 1.074%, 07/24/26 (EUR) (d)		1,290,000		1,432,191
1.750%, 10/23/26 (GBP)		605,000		751,789
Commonwealth Bank of Australia 0.125%, 10/15/29 (EUR)		1,015,000		1,033,748
1.936%, 5Y EUR Swap + 1.450%, 10/03/29 (EUR) (d)		955,000		1,059,784
Cooperatieve Rabobank UA 3.250%, 5Y EUR Swap + 3.702%, 12/29/26 (EUR) (d)		400,000		419,822
4.375%, 5Y EUR Swap + 4.679%, 06/29/27 (EUR) (d)		600,000		667,069
4.625%, 05/23/29 (GBP)		625,000		885,810
Credit Suisse Group AG 1.250%, 1Y EUR Swap + 0.750%, 07/17/25 (EUR) (d)		1,265,000		1,379,028
2.750%, 08/08/25 (GBP)		535,000		691,563
7.500%, 5Y USD Swap + 4.598%, 12/11/23 (144A) (d)		1,003,000		1,036,851
Danske Bank A/S 0.750%, 1Y EUR Swap + 0.880%, 06/09/29 (EUR) (d)		1,175,000		1,201,840
Deutsche Bank AG 3.875%, 02/12/24 (GBP)		800,000		1,061,940
Dexia Credit Local S.A. 0.625%, 02/03/24 (EUR)		3,000,000		3,331,049
DNB Boligkreditt A/S 0.625%, 06/19/25 (EUR)		433,000		475,871
Goldman Sachs Group, Inc. (The) 1.250%, 05/01/25 (EUR)		900,000		998,152
3.375%, 03/27/25 (EUR)		400,000		468,963
HSBC Holdings plc 6.000%, 5Y EUR Swap + 5.338%, 09/29/23 (EUR) (d)		1,414,000		1,638,538
6.375%, 5Y USD ICE Swap + 4.368%, 03/30/25 (d)		891,000		921,891
ING Groep NV 3.000%, 02/18/26 (GBP)		1,100,000		1,448,035
6.500%, 5Y USD Swap + 4.446%, 04/16/25 (b) (d)		201,000		208,537
6.750%, 5Y USD ICE Swap + 4.204%, 04/16/24 (d)		3,290,000		3,388,976
6.875%, 5Y USD ICE Swap + 5.124%, 04/16/22 (d)		204,000		204,270
Intesa Sanpaolo S.p.A. 3.928%, 09/15/26 (EUR)		870,000		1,006,007
Banks—(Continued)
JPMorgan Chase & Co. 1.090%, 3M EURIBOR + 0.760%, 03/11/27 (EUR) (d)		1,400,000		1,524,881
KBC Group NV 0.250%, 3M EURIBOR + 0.470%, 03/01/27 (EUR) (d)		1,200,000		1,265,824
Lloyds Banking Group plc 7.500%, 5Y USD Swap + 4.760%, 06/27/24 (d)		1,045,000		1,097,219
Morgan Stanley 0.406%, 3M EURIBOR + 0.698%, 10/29/27 (EUR) (d)		1,385,000		1,450,630
0.497%, 3M EURIBOR + 0.720%, 02/07/31 (EUR) (d)		500,000		495,969
1.342%, 3M EURIBOR + 0.834%, 10/23/26 (EUR) (d)		434,000		478,955
National Australia Bank 0.010%, 01/06/29 (EUR)		1,215,000		1,239,523
National Bank of Canada 0.010%, 03/25/28 (EUR)		350,000		361,992
NatWest Group plc 2.000%, 3M EURIBOR + 1.737%, 03/04/25 (EUR) (d)		900,000		1,011,812
Santander UK Group Holdings plc 2.469%, SOFR + 1.220%, 01/11/28 (b) (d)		650,000		604,537
Societe Generale S.A. 7.875%, 5Y USD Swap + 4.979%, 12/18/23 (d)		1,060,000		1,107,700
Stadshypotek AB 0.010%, 11/24/28 (EUR)		1,100,000		1,131,199
Standard Chartered plc 1.809%, 3M LIBOR + 1.510%, 01/30/27 (144A) (d)		1,000,000		860,000
2.608%, 1Y H15 + 1.180%, 01/12/28 (144A) (d)		711,000		664,712
Truist Financial Corp. 5.100%, 10Y H15 + 4.349%, 03/01/30 (d)		880,000		892,320
UniCredit S.p.A. 1.200%, 3M EURIBOR + 1.350%, 01/20/26 (EUR) (d)		1,205,000		1,302,616
				54,753,797
Beverages—0.1%
Central American Bottling Corp. / CBC Bottling Holdco SL / Beliv Holdco SL
5.250%, 04/27/29 (144A)		448,000		445,760
Biotechnology—0.1%
Grifols Escrow Issuer S.A. 3.875%, 10/15/28 (144A) (EUR)		390,000		409,607
Building Materials—0.1%
Cemex S.A.B. de C.V. 5.450%, 11/19/29		640,000		647,206
7.375%, 06/05/27 (144A)		267,000		285,690
				932,896
Chemicals—0.5%
Braskem Idesa SAPI 6.990%, 02/20/32 (144A) (b)		726,000		711,524
7.450%, 11/15/29		783,000		795,528
Braskem Netherlands Finance B.V. 4.500%, 01/10/28 (b)		800,000		789,360
INEOS Quattro Finance 2 plc 2.500%, 01/15/26 (144A) (EUR)		940,000		980,602

BHFTI-30

Brighthouse Funds Trust I

AB International Bond Portfolio

Schedule of Investments as of March 31, 2022 (Unaudited)

Corporate Bonds & Notes—(Continued)

Security Description	Principal Amount*		Value
Chemicals—(Continued)
Olympus Water U.S. Holding Corp. 3.875%, 10/01/28 (144A) (EUR)		198,000	$	199,030
				3,476,044
Commercial Services—0.8%
Autopistas del Sol S.A. 7.375%, 12/30/30 (b)		832,034		823,697
Bidvest Group UK plc 3.625%, 09/23/26 (144A)		660,000		616,308
DP World, Ltd. 4.700%, 09/30/49		302,000		292,578
5.625%, 09/25/48		665,000		718,173
Intertrust Group B.V. 3.375%, 11/15/25 (EUR)		925,000		1,019,904
JSW Infrastructure, Ltd. 4.950%, 01/21/29 (144A)		531,000		506,536
Rutas 2 and 7 Finance, Ltd. Zero Coupon, 09/30/36 (144A)		628,333		455,604
TransJamaican Highway, Ltd. 5.750%, 10/10/36 (144A)		751,221		711,781
Verisure Holding AB 3.250%, 02/15/27 (EUR)		585,000		606,709
				5,751,290
Computers—0.3%
CA Magnum Holdings 5.375%, 10/31/26 (144A)		680,000		669,800
Kyndryl Holdings, Inc. 2.050%, 10/15/26 (144A)		679,000		606,186
Western Digital Corp. 2.850%, 02/01/29		142,000		129,730
3.100%, 02/01/32		685,000		613,329
				2,019,045
Diversified Financial Services—0.5%
Aircastle, Ltd. 2.850%, 01/26/28 (144A)		497,000		446,457
4.250%, 06/15/26		49,000		48,207
5.250%, 08/11/25 (144A)		480,000		488,988
Aviation Capital Group LLC 3.500%, 11/01/27 (144A)		214,000		202,523
4.375%, 01/30/24 (144A)		459,000		458,270
Intercorp Financial Services, Inc. 4.125%, 10/19/27		745,000		700,300
Lincoln Financing Sarl 3.625%, 04/01/24 (144A) (EUR)		206,000		227,318
Motion Finco Sarl 7.000%, 05/15/25 (EUR)		375,000		428,326
Power Finance Corp., Ltd. 3.350%, 05/16/31		544,000		492,238
				3,492,627
Electric—3.9%
Abu Dhabi National Energy Co. PJSC 4.000%, 10/03/49 (144A) (b)		1,200,000		1,235,280
Electric—(Continued)
Adani Electricity Mumbai, Ltd. 3.949%, 02/12/30		294,000		265,437
Adani Green Energy, Ltd. 4.375%, 09/08/24		1,040,000		1,011,400
AES Andes S.A. 6.350%, 5Y H15 + 4.917%, 10/07/79 (144A) (d)		457,000		451,292
AES Panama Generation Holdings SRL 4.375%, 05/31/30 (144A)		817,000		778,193
Alfa Desarrollo S.p.A. 4.550%, 09/27/51 (144A)		794,851		689,533
Cemig Geracao e Transmissao S.A. 9.250%, 12/05/24		837,000		908,153
Chile Electricity PEC S.p.A.
Zero Coupon, 01/25/28 (144A) (b)		957,000		720,143
Colbun S.A. 3.950%, 10/11/27		200,000		202,060
4.500%, 07/10/24		422,000		432,027
Comision Federal de Electricidad 3.348%, 02/09/31 (144A)		1,520,000		1,330,015
3.348%, 02/09/31		698,000		610,757
4.677%, 02/09/51 (144A)		485,000		397,099
4.688%, 05/15/29 (144A)		637,000		624,260
5.000%, 09/29/36		790,000		799,832
EDP - Energias de Portugal S.A. 1.500%, 5Y EUR Swap + 1.888%, 03/14/82 (EUR) (d)		400,000		398,250
Empresas Publicas de Medellin E.S.P. 4.250%, 07/18/29 (144A)		897,000		798,509
Enel Chile S.A. 4.875%, 06/12/28		760,000		787,292
Enel Finance International NV 0.500%, 06/17/30 (EUR)		893,000		883,344
Engie Energia Chile S.A. 3.400%, 01/28/30 (144A)		1,576,000		1,449,936
Eskom Holdings SOC, Ltd. 6.750%, 08/06/23		1,051,000		1,033,574
7.125%, 02/11/25 (144A)		286,000		275,641
7.125%, 02/11/25		2,061,000		1,986,351
8.450%, 08/10/28		1,329,000		1,293,133
Iberdrola International B.V. 1.450%, 5Y EUR Swap + 1.832%, 11/09/26 (EUR) (d)		700,000		731,552
India Clean Energy Holdings 4.500%, 04/18/27 (144A)		665,000		608,475
Israel Electric Corp., Ltd. 3.750%, 02/22/32 (144A)		213,000		204,207
JSW Hydro Energy, Ltd. 4.125%, 05/18/31		622,425		578,855
Lamar Funding, Ltd. 3.958%, 05/07/25		1,772,000		1,733,604
Light Servicos de Eletricidade S.A./Light Energia S.A. 4.375%, 06/18/26 (b)		200,000		187,500
Minejesa Capital BV 5.625%, 08/10/37		360,000		327,827
NextEra Energy Capital Holdings, Inc. 1.900%, 06/15/28 (b)		267,000		246,000

BHFTI-31

Brighthouse Funds Trust I

AB International Bond Portfolio

Schedule of Investments as of March 31, 2022 (Unaudited)

Corporate Bonds & Notes—(Continued)

Security Description	Principal Amount*		Value
Electric—(Continued)
SSE plc 0.875%, 09/06/25 (EUR)		1,005,000	$	1,100,521
8.375%, 11/20/28 (GBP)		695,000		1,205,254
Trinidad Generation UnLtd 5.250%, 11/04/27		1,312,000		1,310,649
Vattenfall AB 3.000%, 5Y EUR Swap + 2.511%, 03/19/77 (EUR) (d)		732,000		816,925
Zorlu Yenilenebilir Enerji AS 9.000%, 06/01/26 (144A)		1,211,000		1,023,295
				29,436,175
Electrical Components & Equipment—0.0%
Belden, Inc. 3.375%, 07/15/27 (EUR)		344,000		371,290
Energy-Alternate Sources—0.2%
Empresa Generadora de Electricidad Haina S.A. 5.625%, 11/08/28 (144A)		596,000		552,075
Greenko Solar Mauritius, Ltd. 5.950%, 07/29/26 (b)		1,000,000		1,012,500
				1,564,575
Engineering & Construction—0.4%
Aeropuerto Internacional de Tocumen S.A. 5.125%, 08/11/61		707,000		643,370
5.125%, 08/11/61 (144A)		404,000		367,640
Bioceanico Sovereign Certificate, Ltd.
Zero Coupon, 06/05/34 (144A)		904,459		657,090
Heathrow Funding, Ltd. 2.750%, 10/13/29 (GBP)		490,000		622,907
IHS Holding, Ltd. 5.625%, 11/29/26 (144A)		471,000		445,802
State Agency of Roads of Ukraine 6.250%, 06/24/28 (144A)		1,144,000		457,600
				3,194,409
Entertainment—0.1%
Allwyn Entertainment Financing UK plc 4.125%, 3M EURIBOR + 4.125%, 02/15/28 (144A) (EUR) (d)		289,000		313,711
International Game Technology plc 3.500%, 06/15/26 (EUR)		580,000		644,923
				958,634
Food—0.2%
BRF S.A. 4.875%, 01/24/30		828,000		789,498
NBM US Holdings, Inc. 7.000%, 05/14/26 (b)		975,000		1,011,933
				1,801,431
Food Service—0.1%
Elior Group S.A. 3.750%, 07/15/26 (EUR)		570,000		572,963
Forest Products & Paper—0.1%
Suzano Austria GmbH 3.750%, 01/15/31		419,000		394,489
WEPA Hygieneprodukte GmbH 2.875%, 12/15/27 (144A) (EUR)		197,000		186,470
2.875%, 12/15/27 (EUR)		570,000		539,533
				1,120,492
Healthcare-Products—0.2%
American Medical Systems Europe B.V. 1.375%, 03/08/28 (EUR)		343,000		371,358
Avantor Funding, Inc. 2.625%, 11/01/25 (144A) (EUR)		524,000		586,892
2.625%, 11/01/25 (EUR)		225,000		252,005
				1,210,255
Home Builders—0.1%
MDC Holdings, Inc. 6.000%, 01/15/43		771,000		791,405
Insurance—0.7%
Allianz SE 3.099%, 3M EURIBOR + 3.350%, 07/06/47 (EUR) (d)		500,000		578,493
Assicurazioni Generali S.p.A. 5.500%, 3M EURIBOR + 5.350%, 10/27/47 (EUR) (d)		700,000		866,332
Credit Agricole Assurances S.A. 4.750%, 5Y EUR Swap + 5.350%, 09/27/48 (EUR) (d)		600,000		731,837
Liberty Mutual Group, Inc. 3.625%, 5Y EUR Swap + 3.700%, 05/23/59 (EUR) (d)		695,000		759,233
Nationwide Mutual Insurance Co. 9.375%, 08/15/39 † (144A)		567,000		862,690
Principal Financial Group, Inc. 3.550%, 3M LIBOR + 3.044%, 05/15/55 (d)		300,000		291,000
Prudential Financial, Inc. 5.200%, 3M LIBOR + 3.040%, 03/15/44 (b) (d)		642,000		640,414
Voya Financial, Inc. 5.650%, 3M LIBOR + 3.580%, 05/15/53 (d)		589,000		591,957
				5,321,956
Internet—0.6%
Baidu, Inc. 1.625%, 02/23/27 (b)		1,153,000		1,034,410
Netflix, Inc. 3.625%, 05/15/27 (EUR)		300,000		353,911
4.625%, 05/15/29 (EUR)		492,000		613,779
Prosus NV 2.031%, 08/03/32 (EUR)		460,000		414,140
3.257%, 01/19/27 (144A)		221,000		201,897
3.680%, 01/21/30 (144A) (b)		1,951,000		1,709,232

BHFTI-32

Brighthouse Funds Trust I

AB International Bond Portfolio

Schedule of Investments as of March 31, 2022 (Unaudited)

Corporate Bonds & Notes—(Continued)

Security Description	Principal Amount*		Value
Internet—(Continued)
Weibo Corp. 3.375%, 07/08/30		313,000	$	267,078
				4,594,447
Investment Companies—0.6%
Fund of National Welfare Samruk-Kazyna JSC 2.000%, 10/28/26 (144A)		805,000		698,096
Huarong Finance Co., Ltd. 3.250%, 11/13/24		400,000		383,000
3.750%, 04/27/22		470,000		469,412
3.750%, 05/29/24		208,000		203,320
Huarong Finance II Co., Ltd. 4.625%, 06/03/26		616,000		600,600
JAB Holdings B.V. 1.000%, 12/20/27 (EUR)		900,000		939,201
MDGH GMTN RSC Ltd. 4.500%, 11/07/28		1,356,000		1,463,097
				4,756,726
Leisure Time—0.2%
Carnival plc 1.000%, 10/28/29 (EUR)		798,000		635,678
Harley-Davidson, Inc. 3.500%, 07/28/25 (b)		693,000		681,127
				1,316,805
Lodging—0.3%
Las Vegas Sands Corp. 3.900%, 08/08/29 (b)		978,000		896,828
Melco Resorts Finance, Ltd. 5.750%, 07/21/28 (144A)		505,000		444,652
NH Hotel Group S.A. 4.000%, 07/02/26 (EUR)		260,000		280,429
Studio City Co., Ltd. 7.000%, 02/15/27 (144A)		250,000		244,227
Studio City Finance, Ltd. 6.500%, 01/15/28		200,000		173,000
Wynn Macau, Ltd. 5.625%, 08/26/28 (144A)		325,000		282,347
5.625%, 08/26/28		200,000		173,752
				2,495,235
Machinery-Diversified—0.4%
Colfax Corp. 3.250%, 05/15/25 (EUR)		770,000		852,238
Dover Corp. 0.750%, 11/04/27 (EUR)		1,150,000		1,221,669
TK Elevator Midco GmbH 4.375%, 07/15/27 (144A) (EUR)		1,000,000		1,091,306
				3,165,213
Media—0.3%
Charter Communications Operating LLC / Charter Communications Operating Capital Corp.
4.800%, 03/01/50		107,000		101,640
Media—(Continued)
Charter Communications Operating LLC / Charter Communications Operating Capital Corp.
5.125%, 07/01/49		502,000		498,023
Discovery Communications LLC 4.650%, 05/15/50		181,000		175,431
5.200%, 09/20/47 (b)		613,000		637,658
5.300%, 05/15/49		264,000		276,103
Globo Comunicacao e Participacoes S.A. 4.875%, 01/22/30 (144A)		421,000		372,059
				2,060,914
Mining—1.0%
Corp. Nacional del Cobre de Chile 3.000%, 09/30/29 (144A)		1,605,000		1,528,801
3.150%, 01/14/30		369,000		354,825
3.750%, 01/15/31 (144A) (b)		203,000		203,168
Indonesia Asahan Aluminium Persero PT 5.800%, 05/15/50 (144A)		534,000		534,000
Nexa Resources S.A. 6.500%, 01/18/28		1,392,000		1,479,000
Stillwater Mining Co. 4.000%, 11/16/26 (144A)		1,495,000		1,435,947
Vedanta Resources Finance II plc 13.875%, 01/21/24		908,000		949,995
Volcan Cia Minera SAA 4.375%, 02/11/26 (144A)		385,000		368,638
4.375%, 02/11/26		597,000		571,627
				7,426,001
Miscellaneous Manufacturing—0.0%
General Electric Co. 1.875%, 05/28/27 (EUR)		111,000		122,679
Multi-National—0.5%
European Investment Bank 0.750%, 07/15/27 (AUD)		990,000		650,862
1.800%, 01/19/27 (AUD)		1,300,000		913,013
Inter American Development Bank 2.700%, 01/29/26 (AUD)		1,005,000		743,501
International Bank for Reconstruction & Development
Zero Coupon, 01/15/27 (EUR)		1,237,000		1,313,850
				3,621,226
Oil & Gas—6.3%
BP Capital Markets plc 3.250%, 5Y EUR Swap + 3.880%, 03/22/26 (EUR) (d)		234,000		259,494
3.625%, 5Y EUR Swap + 4.120%, 03/22/29 (EUR) (d)		641,000		698,458
Continental Resources, Inc. 5.750%, 01/15/31 (144A)		471,000		515,180
Ecopetrol S.A. 6.875%, 04/29/30		1,526,000		1,601,262
7.375%, 09/18/43		767,000		774,172
Eni S.p.A. 3.375%, 5Y EUR Swap + 3.641%, 07/13/29 (EUR) (d)		935,000		986,505

BHFTI-33

Brighthouse Funds Trust I

AB International Bond Portfolio

Schedule of Investments as of March 31, 2022 (Unaudited)

Corporate Bonds & Notes—(Continued)

Security Description	Principal Amount*		Value
Oil & Gas—(Continued)
Gran Tierra Energy International Holdings, Ltd. 6.250%, 02/15/25		705,000	$	653,006
Gran Tierra Energy, Inc. 7.750%, 05/23/27 (144A)		355,000		328,379
7.750%, 05/23/27 (b)		252,000		233,103
KazMunayGas National Co. JSC 4.750%, 04/19/27		1,631,000		1,561,780
5.750%, 04/19/47		1,179,000		1,042,212
Kosmos Energy, Ltd. 7.500%, 03/01/28 (144A)		545,000		524,563
Leviathan Bond, Ltd. 6.125%, 06/30/25 (144A)		324,995		329,772
6.750%, 06/30/30 (144A)		531,793		546,151
Medco Oak Tree Pte, Ltd. 7.375%, 05/14/26 (144A) (b)		622,000		626,976
NAK Naftogaz Ukraine via Kondor Finance plc 7.375%, 07/19/22		2,001,000		680,340
7.625%, 11/08/26 (144A)		505,000		166,763
Oil and Gas Holding Co. BSCC (The) 7.500%, 10/25/27		2,486,000		2,613,159
7.625%, 11/07/24		1,079,000		1,132,950
Pertamina Persero PT 2.300%, 02/09/31 (b)		5,220,000		4,593,600
5.625%, 05/20/43		607,000		644,379
6.000%, 05/03/42		439,000		487,422
6.450%, 05/30/44		684,000		800,207
Petrobras Global Finance B.V. 7.375%, 01/17/27 (b)		1,915,000		2,124,693
8.750%, 05/23/26		888,000		1,033,268
Petroleos Mexicanos 5.950%, 01/28/31 (b)		666,000		614,725
6.500%, 03/13/27		2,524,000		2,563,122
6.700%, 02/16/32		555,000		527,250
6.750%, 09/21/47		2,228,000		1,811,141
6.875%, 08/04/26		1,549,000		1,620,362
6.950%, 01/28/60 (b)		4,380,000		3,554,852
7.690%, 01/23/50		713,000		622,984
PTTEP Treasury Center Co., Ltd. 3.903%, 12/06/59 (144A) (b)		376,000		347,045
Qatar Energy 3.300%, 07/12/51 (144A)		977,000		896,712
3.300%, 07/12/51		2,320,000		2,129,347
Reliance Industries, Ltd. 2.875%, 01/12/32		380,000		348,464
SEPLAT Energy plc 7.750%, 04/01/26 (144A)		966,000		924,945
SierraCol Energy Andina LLC 6.000%, 06/15/28 (144A)		400,000		363,000
Sinopec Group Overseas Development, Ltd. 2.700%, 05/13/30		1,903,000		1,787,252
State Oil Co. of the Azerbaijan Republic 6.950%, 03/18/30		701,000		772,853
Tengizchevroil Finance Co. International, Ltd. 3.250%, 08/15/30 (144A)		552,000		449,698
3.250%, 08/15/30		730,000		594,709
Oil & Gas—(Continued)
TotalEnergies SE 1.625%, 5Y EUR Swap + 1.993%, 10/25/27 (EUR) (d)		830,000		841,289
Tullow Oil plc 10.250%, 05/15/26 (144A)		1,440,000		1,467,187
				47,194,731
Packaging & Containers—0.4%
Ardagh Metal Packaging Finance U.S.A. LLC 2.000%, 09/01/28 (144A) (EUR)		945,000		961,774
3.250%, 09/01/28 (144A) (b)		579,000		525,442
Ardagh Packaging Finance plc 2.125%, 08/15/26 (EUR)		615,000		638,665
Rimini Bidco SpA 5.250%, 3M EURIBOR + 5.250%, 12/14/26 (144A) (EUR) (d)		605,000		593,485
				2,719,366
Pharmaceuticals—0.2%
AbbVie, Inc. 0.750%, 11/18/27 (EUR)		1,145,000		1,212,342
Cheplapharm Arzneimittel GmbH 3.500%, 02/11/27 (144A) (EUR)		153,000		164,602
Grifols S.A. 1.625%, 02/15/25 (144A) (EUR)		181,000		194,290
				1,571,234
Pipelines—0.4%
Acu Petroleo Luxembourg Sarl 7.500%, 01/13/32 (144A)		1,075,000		993,031
Energy Transfer L.P. 6.250%, 04/15/49		725,000		831,920
Peru LNG Srl 5.375%, 03/22/30		1,053,000		931,905
Southern Gas Corridor CJSC 6.875%, 03/24/26		454,000		495,441
				3,252,297
Real Estate—0.4%
Agile Group Holdings, Ltd. 5.500%, 05/17/26		215,000		67,779
Central China Real Estate, Ltd. 7.250%, 08/13/24		335,000		140,700
7.750%, 05/24/24		203,000		89,320
China Aoyuan Group, Ltd. 5.375%, 09/13/22 (c)		216,000		34,560
5.880%, 03/01/27 (c)		203,000		30,450
China SCE Group Holdings, Ltd. 6.000%, 02/04/26		203,000		95,410
7.000%, 05/02/25		225,000		112,500
Kaisa Group Holdings, Ltd. 9.950%, 07/23/25 (c)		275,000		48,881
10.500%, 01/15/25 (c)		205,000		36,695
11.650%, 06/01/26 (c)		275,000		52,250
KWG Group Holdings, Ltd. 6.000%, 08/14/26		202,000		77,821
7.400%, 01/13/27		225,000		85,556

BHFTI-34

Brighthouse Funds Trust I

AB International Bond Portfolio

Schedule of Investments as of March 31, 2022 (Unaudited)

Corporate Bonds & Notes—(Continued)

Security Description	Principal Amount*		Value
Real Estate—(Continued)
Powerlong Real Estate Holdings, Ltd. 4.900%, 05/13/26		210,000	$	71,400
Ronshine China Holdings, Ltd. 7.100%, 01/25/25		423,000		59,220
SBB Treasury Oyj 0.750%, 12/14/28 (EUR)		502,000		455,759
1.125%, 11/26/29 (EUR)		187,000		167,084
Seazen Group, Ltd. 4.450%, 07/13/25		440,000		264,000
Shimao Group Holdings, Ltd. 5.200%, 01/16/27		380,000		102,600
Sunac China Holdings, Ltd. 5.950%, 04/26/24		202,000		50,298
6.500%, 01/26/26		240,000		54,900
Times China Holdings, Ltd. 5.750%, 01/14/27		203,000		77,140
6.200%, 03/22/26		200,000		76,000
6.750%, 07/08/25		225,000		90,056
Vivion Investments Sarl 3.000%, 08/08/24 (EUR)		600,000		637,200
Yango Justice International, Ltd. 7.500%, 04/15/24 (c)		320,000		22,400
7.500%, 02/17/25 (c)		203,000		14,210
8.250%, 11/25/23 (c)		300,000		21,000
Yuzhou Group Holdings Co., Ltd. 6.350%, 01/13/27		203,000		21,315
7.700%, 02/20/25 (c)		310,000		37,200
Zhenro Properties Group, Ltd. 6.630%, 01/07/26		203,000		22,330
7.350%, 02/05/25 (c)		235,000		25,850
				3,141,884
Real Estate Investment Trusts—0.6%
Digital Euro Finco LLC 2.500%, 01/16/26 (EUR)		735,000		832,153
Digital Intrepid Holding B.V. 0.625%, 07/15/31 (EUR)		625,000		573,521
GLP Capital L.P. / GLP Financing II, Inc. 3.250%, 01/15/32		374,000		339,330
Host Hotels & Resorts L.P. 3.500%, 09/15/30		437,000		416,662
Public Storage 0.500%, 09/09/30 (EUR)		650,000		626,433
Vornado Realty L.P. 3.400%, 06/01/31 (b)		906,000		852,163
Westfield America Management, Ltd. 2.625%, 03/30/29 (GBP)		340,000		416,088
WPC Eurobond B.V. 1.350%, 04/15/28 (EUR)		600,000		626,798
				4,683,148
Retail—0.1%
Dufry One B.V. 2.500%, 10/15/24 (EUR)		227,000		244,213
Retail—(Continued)
Stonegate Pub Co. Financing plc 8.250%, 07/31/25 (GBP)		340,000	$	454,457
				698,670
Savings & Loans—0.2%
Nationwide Building Society 1.125%, 05/31/28 (EUR)		1,000,000		1,106,504
2.000%, 5Y EUR Swap + 1.500%, 07/25/29 (EUR) (d)		750,000		835,147
				1,941,651
Software—0.1%
Cedacri Mergeco S.p.A. 4.625%, 3M EURIBOR + 4.625%, 05/15/28 (EUR) (d)		190,000		208,690
Fidelity National Information Services, Inc. 0.625%, 12/03/25 (EUR)		141,000		152,075
1.000%, 12/03/28 (EUR)		149,000		156,941
				517,706
Sovereign—0.6%
CBB International Sukuk Programme Co. WLL 4.500%, 03/30/27 (144A)		1,049,000		1,068,585
Malaysia Wakala Sukuk Bhd 3.075%, 04/28/51		3,324,000		3,007,799
Sharjah Sukuk, Ltd. 3.764%, 09/17/24		450,000		458,379
				4,534,763
Telecommunications—0.8%
AT&T, Inc. 2.875%, 5Y EUR Swap + 3.140%, 03/02/25 (EUR) (d)		400,000		430,286
CK Hutchison Group Telecom Finance S.A. 0.750%, 04/17/26 (EUR)		1,035,000		1,106,330
Digicel Group Holdings, Ltd. 10.000%, 04/01/24 (e)		1,829,006		1,815,289
Lorca Telecom Bondco S.A. 4.000%, 09/18/27 (EUR)		575,000		612,240
Oi Movel S.A. 8.750%, 07/30/26		797,000		812,940
Xiaomi Best Time International, Ltd. 2.875%, 07/14/31 (144A)		1,074,000		926,942
				5,704,027
Transportation—0.7%
Empresa de Transporte de Pasajeros Metro S.A. 3.650%, 05/07/30 (144A)		200,000		199,000
4.700%, 05/07/50		665,000		671,397
5.000%, 01/25/47 (b)		200,000		201,250
FedEx Corp. 0.450%, 05/04/29 (EUR)		924,000		938,238
Lima Metro Line 2 Finance, Ltd. 5.875%, 07/05/34		1,557,545		1,666,573
MV24 Capital B.V. 6.748%, 06/01/34 (144A) (b)		349,488		339,881

BHFTI-35

Brighthouse Funds Trust I

AB International Bond Portfolio

Schedule of Investments as of March 31, 2022 (Unaudited)

Corporate Bonds & Notes—(Continued)

Security Description	Principal Amount*		Value
Transportation—(Continued)
Transnet SOC, Ltd. 4.000%, 07/26/22		1,174,000	$	1,155,098
				5,171,437
Total Corporate Bonds & Notes (Cost $259,578,351)				242,728,034
U.S. Treasury & Government Agencies—5.2%
Agency Sponsored Mortgage -Backed—2.4%
Connecticut Avenue Securities Trust (CMO) 0.849%, SOFR30A + 0.750%, 10/25/41 (144A) (d)		46,686		46,351
0.949%, SOFR30A + 0.850%, 12/25/41 (144A) (d)		396,954		391,940
1.649%, SOFR30A + 1.550%, 10/25/41 (144A) (d)		66,676		64,414
1.749%, SOFR30A + 1.650%, 12/25/41 (144A) (d)		909,180		860,597
2.457%, 1M LIBOR + 2.000%, 07/25/39 (144A) (d)		4,521		4,521
2.557%, 1M LIBOR + 2.100%, 09/25/39 (144A) (d)		64,283		64,259
2.557%, 1M LIBOR + 2.100%, 10/25/39 (144A) (d)		71,674		71,674
2.607%, 1M LIBOR + 2.150%, 09/25/31 (144A) (d)		351,421		351,421
2.757%, 1M LIBOR + 2.300%, 08/25/31 (144A) (d)		330,822		330,822
2.857%, 1M LIBOR + 2.400%, 04/25/31 (144A) (d)		665,964		665,964
Fannie Mae Connecticut Avenue Securities (CMO) 2.557%, 1M LIBOR + 2.100%, 03/25/31 (d)		1,996,254		1,991,260
2.707%, 1M LIBOR + 2.250%, 07/25/30 (d)		1,883,813		1,898,001
2.857%, 1M LIBOR + 2.400%, 05/25/30 (d)		1,938,464		1,960,934
10.707%, 1M LIBOR + 10.250%, 01/25/29 (d)		477,616		503,629
Freddie Mac STACR Trust (CMO) 0.899%, SOFR30A + 0.800%, 10/25/41 (144A) (d)		71,248		70,480
1.049%, SOFR30A + 0.950%, 12/25/41 (144A) (d)		454,641		443,207
1.599%, SOFR30A + 1.500%, 10/25/41 (144A) (d)		675,847		642,739
1.749%, SOFR30A + 1.650%, 01/25/34 (144A) (d)		278,433		273,914
2.407%, 1M LIBOR + 1.950%, 10/25/49 (144A) (d)		67,031		66,951
2.507%, 1M LIBOR + 2.050%, 07/25/49 (144A) (d)		89,282		89,282
2.757%, 1M LIBOR + 2.300%, 10/25/48 (144A) (d)		2,000,000		1,995,310
2.807%, 1M LIBOR + 2.350%, 02/25/49 (144A) (d)		304,770		304,770
3.107%, 1M LIBOR + 2.650%, 01/25/49 (144A) (d)		4,020,410		4,040,585
Freddie Mac Structured Agency Credit Risk Debt Notes (CMO) 3.107%, 1M LIBOR + 2.650%, 12/25/29 (d)		556,795		567,698
				17,700,723
U.S. Treasury—2.8%
U.S. Treasury Bonds 2.000%, 11/15/41		5,485,000		4,963,068
3.500%, 02/15/39		3,552,000		4,069,537
U.S. Treasury Notes 1.500%, 01/31/27		12,692,000		12,128,793
				21,161,398
Total U.S. Treasury & Government Agencies (Cost $39,928,081)				38,862,121
Mortgage-Backed Securities—2.0%
Security Description	Principal Amount*		Value
Collateralized Mortgage Obligations—1.8%
Bellemeade Re, Ltd. 1.099%, SOFR30A + 1.000%, 09/25/31 (144A) (d)		470,651		463,858
2.057%, 1M LIBOR + 1.600%, 07/25/29 (144A) (d)		467,232		466,697
2.957%, 1M LIBOR + 2.500%, 10/25/29 (144A) (d)		228,716		225,495
3.307%, 1M LIBOR + 2.850%, 10/25/29 (144A) (d)		486,000		472,102
3.557%, 1M LIBOR + 3.100%, 04/25/29 (144A) (d)		750,000		737,782
Eagle Re, Ltd. 2.149%, SOFR30A + 2.050%, 04/25/34 (144A) (d)		277,454		273,321
Home Re, Ltd. 3.707%, 1M LIBOR + 3.250%, 05/25/29 (144A) (d)		1,600,000		1,606,299
5.707%, 1M LIBOR + 5.250%, 10/25/30 (144A) (d)		1,300,000		1,312,744
Mortgage Insurance-Linked Notes 3.357%, 1M LIBOR + 2.900%, 11/26/29 (144A) (d)		742,105		742,733
Oaktown Re III, Ltd. 3.007%, 1M LIBOR + 2.550%, 07/25/29 (144A) (d)		1,500,000		1,474,368
PMT Credit Risk Transfer Trust 2.795%, 1M LIBOR + 2.350%, 02/27/23 † (144A) (d)		882,745		879,352
3.145%, 1M LIBOR + 2.700%, 10/27/22 (144A) (d)		29,000		28,927
3.195%, 1M LIBOR + 2.750%, 05/27/23 (144A) (d)		311,862		309,232
Radnor Re, Ltd. 3.157%, 1M LIBOR + 2.700%, 03/25/28 (144A) (d)		1,600,000		1,575,112
3.657%, 1M LIBOR + 3.200%, 02/25/29 (144A) (d)		2,751,041		2,664,063
Triangle Re, Ltd. 1.999%, SOFR30A + 1.900%, 02/25/34 (144A) (d)		642,437		638,839
				13,870,924
Commercial Mortgage-Backed Securities—0.2%
BFLD Trust 1.997%, 1M LIBOR + 1.600%, 06/15/38 (144A) (d)		310,000		307,477
JPMorgan Chase Commercial Mortgage Securities Trust 4.364%, 12/15/47 (144A) (d)		1,500,000		1,111,453
				1,418,930
Total Mortgage-Backed Securities (Cost $14,637,424)				15,289,854
Asset-Backed Securities—1.6%
Asset-Backed - Other—1.5%
Balboa Bay Loan Funding Ltd. 1.454%, 3M LIBOR + 1.200%, 07/20/34 (144A) (d)		1,350,416		1,341,274
Black Diamond CLO, Ltd. 1.689%, 3M LIBOR + 1.430%, 07/23/32 (144A) (d)		2,121,980		2,098,689
Elmwood CLO IX, Ltd. 1.384%, 3M LIBOR + 1.130%, 07/20/34 (144A) (d)		563,280		559,155
Flatiron CLO, Ltd. 1.358%, 3M LIBOR + 1.110%, 07/19/34 (144A) (d)		1,562,322		1,549,346
Neuberger Berman Loan Advisers CLO, Ltd. 1.371%, 3M LIBOR + 1.130%, 07/17/35 (144A) (d)		1,374,102		1,365,580
OZLM XVIII, Ltd. 1.789%, 3M LIBOR + 1.550%, 04/15/31 (144A) (d)		3,000,000		2,949,018
Pikes Peak CLO 1.424%, 3M LIBOR + 1.170%, 07/20/34 (144A) (d)		968,631		962,974
Regatta XIX Funding, Ltd. 4.379%, 3M TSFR + 3.300%, 04/20/35 (144A) (d)		250,000		247,564

BHFTI-36

Brighthouse Funds Trust I

AB International Bond Portfolio

Schedule of Investments as of March 31, 2022 (Unaudited)

Asset-Backed Securities—(Continued)

Security Description	Shares/ Principal Amount*		Value
Asset-Backed - Other—(Continued)
Regatta XXIV Funding, Ltd. 3.189%, 3M LIBOR + 3.100%, 01/20/35 (144A) (d)		250,000	$	243,565
				11,317,165
Asset-Backed - Student Loan—0.1%
Nelnet Student Loan Trust 2.530%, 04/20/62 (144A)		548,158		496,674
Total Asset-Backed Securities (Cost $11,939,226)				11,813,839
Short-Term Investment—2.3%
Repurchase Agreement—2.3%
Fixed Income Clearing Corp. Repurchase Agreement dated 03/31/22 at 0.000%, due on 04/01/22 with a maturity value of $17,569,036; collateralized by U.S. Treasury Note at 1.500%, maturing 02/15/25, with a market value of $17,920,430.		17,569,036		17,569,036
Total Short-Term Investments (Cost $17,569,036)				17,569,036
Securities Lending Reinvestments (f)—1.1%
Repurchase Agreement—0.2%
BofA Securities, Inc. Repurchase Agreement dated 03/31/22 at 0.270%, due on 04/01/22 with a maturity value of $1,068,142; collateralized by U.S. Treasury Obligations with rates ranging from 2.000% - 5.000%, maturity dates ranging from 05/15/37 - 02/15/50, and an aggregate market value of $1,089,497.		1,068,134		1,068,134
Mutual Funds—0.9%
Allspring Government Money Market Fund, Select Class  0.180% (g)		499,841		499,841
BlackRock Liquidity Funds FedFund, Institutional Shares 0.230% (g)		1,500,000		1,500,000
Fidelity Government Portfolio, Institutional Class  0.160% (g)		1,500,000		1,500,000
Goldman Sachs Financial Square Government Fund, Institutional Shares 0.250% (g)		1,000,000		1,000,000
Morgan Stanley Liquidity Funds Government Portfolio, Institutional Shares 0.230% (g)		1,500,000		1,500,000
Mutual Funds—(Continued)
SSgA Institutional U.S. Government Money Market Fund, Premier Class 0.250% (g)		500,000		500,000
				6,499,841
Total Securities Lending Reinvestments (Cost $7,567,975)				7,567,975
Total Purchased Options—0.0% (h) (Cost $306,337)				49,166
Total Investments—98.3% (Cost $814,338,533)				738,216,106
Other assets and liabilities (net)—1.7%				12,924,029
Net Assets—100.0%			$	751,140,135

*	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 March 31, 2022, the market value of restricted securities was $1,742,042, which is 0.2% 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)	All or a portion of the security was held on loan. As of March 31, 2022, the market value of securities loaned was $23,179,960 and the collateral received consisted of cash in the amount of $7,567,975 and non-cash collateral with a value of $16,375,386. 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)	Non-income producing; security is in default and/or issuer is in bankruptcy.
(d)	Variable or floating rate security. The stated rate represents the rate at March 31, 2022. 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)	Payment-in-kind security for which part of the income earned may be paid as additional principal.
(f)	Represents investment of cash collateral received from securities on loan as of March 31, 2022.
(g)	The rate shown represents the annualized seven-day yield as of March 31, 2022.
(h)	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 March 31, 2022, the market value of 144A securities was $136,432,194, which is 18.2% of net assets.

Restricted Securities	Acquisition Date		Principal Amount		Cost		Value
Nationwide Mutual Insurance Co., 9.375%, 08/15/39		04/29/19	$	567,000	$	885,637	$	862,690
PMT Credit Risk Transfer Trust, 2.795%, 02/27/23		02/11/20		882,745		882,745		879,352
							$	1,742,042

BHFTI-37

Brighthouse Funds Trust I

AB International Bond Portfolio

Schedule of Investments as of March 31, 2022 (Unaudited)

Forward Foreign Currency Exchange Contracts

Contracts to Buy		Counterparty	Settlement Date		In Exchange for			Unrealized Appreciation/ (Depreciation)
AUD	1,329,654	ANZ		04/28/22		USD	995,942	$	(680	)
AUD	1,046,211	MSCS		04/28/22		USD	767,108		15,993
AUD	1,646,282	MSCS		04/28/22		USD	1,194,213		38,048
AUD	103,950	SSBT		04/28/22		USD	77,448		360
AUD	154,301	SSBT		04/28/22		USD	112,930		2,566
BRL	11,562,551	BBP		04/04/22		USD	2,440,490		(11,918	)
BRL	11,562,551	HSBCU		04/04/22		USD	2,409,869		18,703
CAD	2,085,306	HSBCU		04/22/22		USD	1,645,295		22,592
EUR	891,449	ANZ		05/12/22		USD	988,672		(1,308	)
EUR	617,077	HSBCU		05/12/22		USD	689,025		(5,555	)
EUR	6,421,371	JPMC		05/12/22		USD	7,166,736		(54,469	)
EUR	865,781	MSCS		05/12/22		USD	960,729		(1,796	)
EUR	925,534	MSCS		05/12/22		USD	1,011,830		13,286
EUR	4,437,537	MSCS		05/12/22		USD	5,078,490		(163,505	)
EUR	1,092,128	NWM		05/12/22		USD	1,203,227		6,407
EUR	17,625	SSBT		05/12/22		USD	19,400		121
EUR	99,929	SSBT		05/12/22		USD	113,157		(2,477	)
EUR	113,648	SSBT		05/12/22		USD	129,873		(3,998	)
EUR	120,272	SSBT		05/12/22		USD	132,430		782
EUR	180,133	SSBT		05/12/22		USD	204,172		(4,657	)
EUR	226,236	SSBT		05/12/22		USD	258,944		(8,366	)
EUR	412,945	SSBT		05/12/22		USD	457,816		(441	)
EUR	461,648	SSBT		05/12/22		USD	524,641		(13,323	)
EUR	544,254	SSBT		05/12/22		USD	619,652		(16,841	)
EUR	989,677	SSBT		05/12/22		USD	1,079,718		16,441
EUR	1,211,076	UBSA		05/12/22		USD	1,344,714		(3,334	)
EUR	1,274,003	UBSA		05/12/22		USD	1,399,036		12,041
EUR	1,361,008	UBSA		05/12/22		USD	1,557,369		(49,926	)
EUR	1,553,165	UBSA		05/12/22		USD	1,769,206		(48,931	)
EUR	10,058,079	UBSA		05/12/22		USD	11,138,116		2,144
GBP	973,819	JPMC		06/09/22		USD	1,271,592		7,288
GBP	347,198	SSBT		06/09/22		USD	453,469		2,492
IDR	2,979,577,689	BBP		04/28/22		USD	207,033		223
JPY	108,616,887	BNP		04/28/22		USD	941,533		(48,941	)
JPY	311,736,678	BOA		04/28/22		USD	2,697,658		(135,866	)
JPY	496,298,632	BOA		04/28/22		USD	4,297,708		(219,221	)
JPY	397,786,195	DBAG		04/28/22		USD	3,400,512		(131,581	)
JPY	311,580,049	MSCS		04/28/22		USD	2,711,791		(151,286	)
JPY	6,679,815	SSBT		04/28/22		USD	54,824		69
NZD	21,765	SSBT		06/10/22		USD	14,795		272
RUB	48,653,413	CBNA		05/06/22		USD	540,593		36,319
ZAR	4,242,467	SSBT		04/21/22		USD	276,527		13,177
Contracts to Deliver
AUD	30,101,348	ANZ		04/28/22		USD	21,254,412		(1,276,799	)
AUD	10,698,456	HSBCU		04/28/22		USD	7,755,311		(252,608	)
AUD	109,332	SSBT		04/28/22		USD	77,267		(4,569	)
AUD	29,554	SSBT		04/28/22		USD	22,163		42
BRL	11,562,551	BBP		04/04/22		USD	2,263,789		(164,783	)
BRL	11,562,551	HSBCU		04/04/22		USD	2,440,489		11,918
BRL	11,562,551	HSBCU		05/03/22		USD	2,391,230		(17,925	)
CAD	6,462,096	HSBCU		04/22/22		USD	5,048,990		(119,578	)
CAD	1,393,578	JPMC		04/22/22		USD	1,113,223		(1,401	)
CAD	12,193,819	MSCS		04/22/22		USD	9,590,256		(162,707	)
CAD	1,895,314	MSCS		04/22/22		USD	1,490,636		(25,290	)
CAD	524,224	SSBT		04/22/22		USD	413,285		(6,004	)

BHFTI-38

Brighthouse Funds Trust I

AB International Bond Portfolio

Schedule of Investments as of March 31, 2022 (Unaudited)

Forward Foreign Currency Exchange Contracts—(Continued)

Contracts to Deliver		Counterparty	Settlement Date		In Exchange for			Unrealized Appreciation/ (Depreciation)
CAD	130,726	SSBT		04/22/22		USD	102,892	$	(1,667	)
CNY	37,446	BNP		05/18/22		USD	5,854		(34	)
EUR	5,029,684	BOA		05/12/22		USD	5,541,597		(29,246	)
EUR	4,316,654	BOA		05/12/22		USD	4,752,891		(28,205	)
EUR	1,605,282	BOA		05/12/22		USD	1,778,813		814
EUR	2,992,235	JPMC		05/12/22		USD	3,330,849		16,669
EUR	943,976	JPMC		05/12/22		USD	1,048,261		2,720
EUR	921,804	JPMC		05/12/22		USD	1,046,952		25,968
EUR	2,058,846	MSCS		05/12/22		USD	2,356,817		76,453
EUR	1,595,562	MSCS		05/12/22		USD	1,826,023		58,790
EUR	417,441	SSBT		05/12/22		USD	476,237		13,881
EUR	399,692	SSBT		05/12/22		USD	441,568		(1,128	)
EUR	342,188	SSBT		05/12/22		USD	374,767		(4,239	)
EUR	307,247	SSBT		05/12/22		USD	338,205		(2,099	)
EUR	266,991	SSBT		05/12/22		USD	293,418		(2,299	)
EUR	253,205	SSBT		05/12/22		USD	290,063		9,615
EUR	184,601	SSBT		05/12/22		USD	210,266		5,803
EUR	59,358	SSBT		05/12/22		USD	67,928		2,183
EUR	153,534,621	UBSA		05/12/22		USD	175,685,981		5,632,080
GBP	28,074,436	MSCS		06/09/22		USD	36,676,303		(192,807	)
GBP	323,648	SSBT		06/09/22		USD	426,178		1,143
GBP	80,683	SSBT		06/09/22		USD	105,378		(579	)
IDR	49,486,181,576	SCB		04/28/22		USD	3,427,021		(15,183	)
IDR	19,321,519,968	SCB		04/28/22		USD	1,337,129		(6,854	)
IDR	14,925,164,076	SCB		04/28/22		USD	1,033,599		(4,579	)
JPY	10,648,664,943	SCB		04/28/22		USD	92,682,112		5,173,435
JPY	745,283,823	SSBT		04/28/22		USD	6,117,787		(6,812	)
JPY	218,680,642	SSBT		04/28/22		USD	1,902,097		105,021
JPY	130,500,334	SSBT		04/28/22		USD	1,131,563		59,137
JPY	3,460,895	SSBT		04/28/22		USD	28,229		(212	)
KRW	10,826,130,933	BOA		04/28/22		USD	9,097,971		170,084
KRW	8,858,330	BOA		04/28/22		USD	7,444		139
MYR	9,514,791	BBP		06/16/22		USD	2,243,525		(15,672	)
NZD	2,240,839	SCB		06/10/22		USD	1,525,149		(26,127	)
RUB	48,653,413	CBNA		05/06/22		USD	346,781		(230,132	)
SGD	37,824	SSBT		04/21/22		USD	28,071		166
THB	94,869,947	SSBT		06/16/22		USD	2,856,238		185
Net Unrealized Appreciation								$	7,897,612

Futures Contracts

Futures Contracts—Long	Expiration Date		Number of Contracts		Notional Value			Value/ Unrealized Appreciation/ (Depreciation)
Australian 10 Year Treasury Bond Futures		06/15/22		90		AUD	11,406,873	$	(382,529	)
Canada Government Bond 10 Year Futures		06/21/22		27		CAD	3,525,120		(145,409	)
Euro-Bobl Futures		06/08/22		90		EUR	11,597,400		62,582
Euro-Bund Futures		06/08/22		22		EUR	3,490,520		(68,742	)
U.S. Treasury Long Bond Futures		06/21/22		14		USD	2,100,875		(69,145	)
U.S. Treasury Note 10 Year Futures		06/21/22		173		USD	21,257,375		(565,194	)
U.S. Treasury Note 5 Year Futures		06/30/22		163		USD	18,694,063		(562,335	)
U.S. Treasury Note Ultra 10 Year Futures		06/21/22		94		USD	12,734,063		(357,693	)
U.S. Treasury Ultra Long Bond Futures		06/21/22		31		USD	5,490,875		(188,687	)

BHFTI-39

Brighthouse Funds Trust I

AB International Bond Portfolio

Schedule of Investments as of March 31, 2022 (Unaudited)

Futures Contracts—(Continued)

Futures Contracts—Short	Expiration Date		Number of Contracts			Notional Value				Value/ Unrealized Appreciation/ (Depreciation)
Euro-OAT Futures		06/08/22		(28	)		EUR	(4,242,280	)	$	73,638
Japanese Government 10 Year Bond Futures		06/13/22		(5	)		JPY	(748,500,000	)		(26,792	)
Net Unrealized Depreciation										$	(2,230,306	)

Purchased Options

Credit Default Swaptions	Strike Price		Counterparty		Reference Obligation		Buy/Sell Protection		Expiration Date		Number of Contracts		Notional Amount			Premiums Paid		Market Value		Unrealized Appreciation/ (Depreciation)
Put - OTC - 5 Yr. CDS		USD   99.000		MSC		CDX.NA.HY.37		Buy		05/18/22		28,872,000		USD	28,872,000	$	303,156	$	48,572	$	(254,584	)
Put - OTC - 5 Yr. CDS		USD 100.000		MSC		CDX.NA.HY.37		Buy		05/18/22		284,000		USD	284,000		3,181		594		(2,587	)
Totals																$	306,337	$	49,166	$	(257,171	)

Written Options

Credit Default Swaptions	Strike 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		USD 97.000		MSC		CDX.NA.HY.37		Sell		05/18/22		(284,000	)		USD	(284,000	)	$	(1,875	)	$	(314	)	$	1,561
Put - OTC - 5 Yr. CDS		USD 97.000		MSC		CDX.NA.HY.37		Sell		05/18/22		(28,872,000	)		USD	(28,872,000	)		(202,104	)		(31,921	)		170,183
Totals																		$	(203,979	)	$	(32,235	)	$	171,744

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 NZDBB		Quarterly	2.503%	Quarterly		11/02/24		NZD	7,847,000	$	(113,997	)	$	—	$	(113,997	)
Pay	3M NZDBB		Quarterly	2.580%	Quarterly		11/01/24		NZD	2,933,000		(38,559	)		—		(38,559	)
Pay	6M EURIBOR		Semi-Annually	(0.017%)	Semi-Annually		09/30/50		EUR	3,800,000		(1,104,070	)		—		(1,104,070	)
Pay	6M EURIBOR		Semi-Annually	(0.043%)	Semi-Annually		11/10/50		EUR	3,820,000		(1,138,999	)		—		(1,138,999	)
Pay	7 Day CNRR		Quarterly	1.780%	Quarterly		05/06/25		CNY	40,620,000		(103,724	)		—		(103,724	)
Pay	7 Day CNRR		Quarterly	2.360%	Quarterly		07/01/25		CNY	50,360,000		2,956			—		2,956
Pay	7 Day CNRR		Quarterly	2.465%	Quarterly		12/01/26		CNY	37,030,000		8,091			—		8,091
Pay	7 Day CNRR		Quarterly	2.528%	Quarterly		09/15/26		CNY	38,340,000		25,881			—		25,881
Pay	7 Day CNRR		Quarterly	2.568%	Quarterly		07/20/25		CNY	79,220,000		85,095			—		85,095
Pay	7 Day CNRR		Quarterly	2.585%	Quarterly		08/03/25		CNY	41,560,000		47,049			—		47,049
Pay	7 Day CNRR		Quarterly	2.595%	Quarterly		11/02/25		CNY	40,400,000		47,116			—		47,116
Pay	7 Day CNRR		Quarterly	2.598%	Quarterly		07/16/25		CNY	79,300,000		96,407			—		96,407
Pay	7 Day CNRR		Quarterly	2.600%	Quarterly		09/29/25		CNY	40,730,000		48,905			—		48,905
Pay	7 Day CNRR		Quarterly	2.605%	Quarterly		02/04/25		CNY	25,990,000		31,939			—		31,939
Pay	7 Day CNRR		Quarterly	2.800%	Quarterly		02/01/26		CNY	47,100,000		108,797			—		108,797
Pay	7 Day CNRR		Quarterly	2.855%	Quarterly		11/22/24		CNY	26,130,000		57,465			—		57,465
Pay	7 Day CNRR		Quarterly	2.983%	Quarterly		01/06/25		CNY	69,210,000		191,716			—		191,716
Receive	6M EURIBOR		Semi-Annually	0.022%	Semi-Annually		11/10/50		EUR	3,820,000		1,071,005			28,421		1,042,584
Receive	6M EURIBOR		Semi-Annually	0.122%	Semi-Annually		09/30/50		EUR	3,800,000		960,424			—		960,424
Totals											$	283,497		$	28,421	$	255,076

BHFTI-40

Brighthouse Funds Trust I

AB International Bond Portfolio

Schedule of Investments as of March 31, 2022 (Unaudited)

Centrally Cleared Credit Default Swaps on Sovereign Issues—Buy Protection (a)

Reference Obligation	Fixed Deal (Pay) Rate		Payment Frequency		Maturity Date		Implied Credit Spread at March 31, 2022(b)		Notional Amount(c)			Market Value		Upfront Premiums Paid/(Received)		Unrealized Appreciation/ (Depreciation)
China Government International Bond, 7.500%, due 10/28/27		(1.000%)		Quarterly		06/20/27		0.605%		USD	2,390,000	$	(46,208)	$	(45,712)	$	(496)
Colombia Government International Bond, 10.375%, due 01/28/33		(1.000%)		Quarterly		06/20/27		1.918%		USD	2,060,000		90,010		99,335		(9,325)
Indonesia Government International Bond, 4.125%, due 01/15/25		(1.000%)		Quarterly		06/20/27		0.842%		USD	2,350,000		(18,059)		(1,679)		(16,380)
Republic of South Africa, 5.875%, due 09/16/25		(1.000%)		Quarterly		12/20/26		1.952%		USD	1,120,000		46,325		45,870		455
Republic of South Africa, 5.875%, due 09/16/25		(1.000%)		Quarterly		06/20/27		2.091%		USD	1,120,000		57,846		58,005		(159)
Republic of Turkey, 11.875%, due 01/15/30		(1.000%)		Quarterly		06/20/27		5.498%		USD	350,000		65,661		69,667		(4,006)
Totals												$	195,575	$	225,486	$	(29,911)

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 March 31, 2022(b)		Notional Amount(c)			Market Value		Upfront Premiums Paid/(Received)		Unrealized Appreciation/ (Depreciation)
CDX.EM.37.V1		(1.000%)		Quarterly		06/20/27		2.269%		USD	12,150,000	$	711,970	$	750,544	$	(38,574)
CDX.NA.HY.38.V1		(5.000%)		Quarterly		06/20/27		3.731%		USD	17,250,000		(954,844)		(833,932)		(120,912)
ITRX.EUR.36.V1		(1.000%)		Quarterly		12/20/26		0.654%		EUR	11,180,000		(197,088)		(199,786)		2,698
ITRX.EUR.XOVER 36.V1		(5.000%)		Quarterly		12/20/26		3.106%		EUR	7,280,000		(640,051)		(489,409)		(150,642)
Totals												$	(1,080,013)	$	(772,583)	$	(307,430)

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 March 31, 2022(b)			Notional Amount(c)			Market Value			Upfront Premiums Paid/(Received)			Unrealized Appreciation/ (Depreciation)
Republic of South Africa, 5.875%, due 09/16/25		1.000	%		Quarterly	12/20/26		MSCS		1.952	%		USD	1,120,000	$	(46,325	)	$	(45,542	)	$	(783	)

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 March 31, 2022(b)			Notional Amount(c)			Market Value			Upfront Premiums Paid/(Received)			Unrealized Appreciation/ (Depreciation)
CMBX.NA.BBB-.6	3.000%		Monthly	05/11/63	CGM		66.736	%		USD	905,786	$	(221,072	)	$	(74,752	)	$	(146,320	)
CMBX.NA.BBB-.6	3.000%		Monthly	05/11/63	CGM		66.736	%		USD	1,359,157		(331,724	)		(111,604	)		(220,120	)
CMBX.NA.BBB-.6	3.000%		Monthly	05/11/63	CGM		66.736	%		USD	10,462,928		(2,553,645	)		(885,013	)		(1,668,632	)
CMBX.NA.BBB-.6	3.000%		Monthly	05/11/63	GSI		66.736	%		USD	905,786		(221,072	)		(74,395	)		(146,677	)
CMBX.NA.BBB-.6	3.000%		Monthly	05/11/63	JPMC		66.736	%		USD	453,371		(110,653	)		(37,227	)		(73,426	)
CMBX.NA.BBB-.6	3.000%		Monthly	05/11/63	JPMC		66.736	%		USD	2,792,537		(681,563	)		(281,458	)		(400,105	)
Totals												$	(4,119,729	)	$	(1,464,449	)	$	(2,655,280	)

(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.

BHFTI-41

Brighthouse Funds Trust I

AB International Bond Portfolio

Schedule of Investments as of March 31, 2022 (Unaudited)

(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.
(BBP)—	Barclays Bank plc
(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.
(MSCS)—	Morgan Stanley Capital Services LLC
(NWM)—	NatWest Markets plc
(SCB)—	Standard Chartered Bank
(SSBT)—	State Street Bank and Trust Co.
(UBSA)—	UBS AG

Currencies

(AUD)—	Australian Dollar
(BRL)—	Brazilian Real
(CAD)—	Canadian Dollar
(CNY)—	Chinese Yuan
(EUR)—	Euro
(GBP)—	British Pound
(IDR)—	Indonesian Rupiah
(JPY)—	Japanese Yen
(KRW)—	South Korean Won
(MYR)—	Malaysian Ringgit
(NZD)—	New Zealand Dollar
(RUB)—	Russian Ruble
(SGD)—	Singapore Dollar
(THB)—	Thai Baht
(USD)—	United States Dollar
(ZAR)—	South African Rand

Index Abbreviations

(CDX.EM)—	Markit Emerging Market CDS Index
(CDX.NA.HY)—	Markit North America High Yield CDS Index
(CMBX.NA.BBB-)—	Markit North America BBB- Rated CMBS Index
(CNRR)—	China 7 Day Reverse Repo Rates
(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
(NZDBB)—	New Zealand Dollar Bank Bill Index
(SOFR)—	Secured Overnight Financing Rate
(SOFR30A)—	Secured Overnight Financing Rate 30-Day Average
(TSFR)—	Term Secured Financing Rate

Other Abbreviations

(CLO)—	Collateralized Loan Obligation
(CMO)—	Collateralized Mortgage Obligation
(CDS)—	Credit Default Swap
(ICE)—	Intercontinental Exchange, Inc.
(STACR)—	Structured Agency Credit Risk

BHFTI-42

Brighthouse Funds Trust I

AB International Bond Portfolio

Schedule of Investments as of March 31, 2022 (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 March 31, 2022:

Description	Level 1			Level 2			Level 3		Total
Total Foreign Government*	$	—		$	404,336,081		$	—	$	404,336,081
Total Corporate Bonds & Notes*		—			242,728,034			—		242,728,034
Total U.S. Treasury & Government Agencies*		—			38,862,121			—		38,862,121
Total Mortgage-Backed Securities*		—			15,289,854			—		15,289,854
Total Asset-Backed Securities*		—			11,813,839			—		11,813,839
Total Short-Term Investment*		—			17,569,036			—		17,569,036
Securities Lending Reinvestments
Repurchase Agreement		—			1,068,134			—		1,068,134
Mutual Funds		6,499,841			—			—		6,499,841
Total Securities Lending Reinvestments		6,499,841			1,068,134			—		7,567,975
Total Purchased Options at Value		—			49,166			—		49,166
Total Investments	$	6,499,841		$	731,716,265		$	—	$	738,216,106
Collateral for Securities Loaned (Liability)	$	—		$	(7,567,975	)	$	—	$	(7,567,975	)
Forward Contracts
Forward Foreign Currency Exchange Contracts (Unrealized Appreciation)	$	—		$	11,575,570		$	—	$	11,575,570
Forward Foreign Currency Exchange Contracts (Unrealized Depreciation)		—			(3,677,958	)		—		(3,677,958	)
Total Forward Contracts	$	—		$	7,897,612		$	—	$	7,897,612
Futures Contracts
Futures Contracts (Unrealized Appreciation)	$	136,220		$	—		$	—	$	136,220
Futures Contracts (Unrealized Depreciation)		(2,366,526	)		—			—		(2,366,526	)
Total Futures Contracts	$	(2,230,306	)	$	—		$	—	$	(2,230,306	)
Total Written Options at Value	$	—		$	(32,235	)	$	—	$	(32,235	)
Centrally Cleared Swap Contracts
Centrally Cleared Swap Contracts (Unrealized Appreciation)	$	—		$	2,757,578		$	—	$	2,757,578
Centrally Cleared Swap Contracts (Unrealized Depreciation)		—			(2,839,843	)		—		(2,839,843	)
Total Centrally Cleared Swap Contracts	$	—		$	(82,265	)	$	—	$	(82,265	)
OTC Swap Contracts
OTC Swap Contracts at Value (Liabilities)	$	—		$	(4,166,054	)	$	—	$	(4,166,054	)
Total OTC Swap Contracts	$	—		$	(4,166,054	)	$	—	$	(4,166,054	)

* See Schedule of Investments for additional detailed categorizations.

BHFTI-43

Brighthouse Funds Trust I

Allspring Mid Cap Value Portfolio

Schedule of Investments as of March 31, 2022 (Unaudited)

Common Stocks—97.1% of Net Assets

Security Description	Shares		Value
Auto Components—3.0%
Aptiv plc (a)		40,930	$	4,899,730
Lear Corp. (b)		65,464		9,334,512
				14,234,242
Banks—4.4%
Fifth Third Bancorp		203,952		8,778,094
PacWest Bancorp		67,681		2,919,082
Regions Financial Corp. (b)		308,267		6,862,023
Zions Bancorp N.A.		34,830		2,283,455
				20,842,654
Beverages—2.5%
Keurig Dr Pepper, Inc.		317,567		12,035,789
Building Products—5.2%
Builders FirstSource, Inc. (a)		90,870		5,864,750
Carlisle Cos., Inc.		76,910		18,913,707
				24,778,457
Capital Markets—0.8%
LPL Financial Holdings, Inc.		20,504		3,745,671
Chemicals—1.7%
Celanese Corp.		30,174		4,310,960
FMC Corp. (b)		28,734		3,780,532
				8,091,492
Commercial Services & Supplies—3.2%
Republic Services, Inc.		113,544		15,044,580
Communications Equipment—1.0%
Juniper Networks, Inc.		128,379		4,770,564
Construction & Engineering—2.3%
API Group Corp. (a) (b)		117,922		2,479,900
MasTec, Inc. (a) (b)		97,761		8,514,983
				10,994,883
Construction Materials—1.0%
Vulcan Materials Co.		26,781		4,919,670
Consumer Finance—1.5%
Discover Financial Services		64,737		7,133,370
Containers & Packaging—0.8%
AptarGroup, Inc.		33,239		3,905,583
Distributors—2.7%
LKQ Corp.		278,603		12,651,362
Electric Utilities—5.0%
American Electric Power Co., Inc.		121,504		12,122,454
FirstEnergy Corp.		252,125		11,562,453
				23,684,907
Energy Equipment & Services—1.2%
Baker Hughes Co.		61,320		2,232,661
NOV, Inc. (b)		175,700		3,445,477
				5,678,138
Equity Real Estate Investment Trusts—2.9%
American Campus Communities, Inc. (b)		126,610		7,086,362
Gaming and Leisure Properties, Inc.		140,578		6,597,325
				13,683,687
Health Care Equipment & Supplies—3.9%
Alcon, Inc. (b)		135,671		10,762,780
Zimmer Biomet Holdings, Inc.		59,162		7,566,820
				18,329,600
Health Care Providers & Services—3.9%
Humana, Inc.		25,256		10,990,653
Universal Health Services, Inc. - Class B (b)		53,862		7,807,297
				18,797,950
Hotels, Restaurants & Leisure—1.2%
Wendy’s Co. (The)		22,359		491,227
Yum China Holdings, Inc.		128,441		5,335,439
				5,826,666
Household Durables—2.8%
DR Horton, Inc.		147,140		10,963,401
Helen of Troy, Ltd. (a) (b)		11,034		2,160,899
				13,124,300
Household Products—4.4%
Church & Dwight Co., Inc.		86,857		8,631,848
Reynolds Consumer Products, Inc. (b)		417,511		12,249,773
				20,881,621
Insurance—9.6%
Allstate Corp. (The)		54,506		7,549,626
Arch Capital Group, Ltd. (a)		324,556		15,715,002
Axis Capital Holdings, Ltd.		16,219		980,763
Brown & Brown, Inc.		197,164		14,249,042
Loews Corp.		107,859		6,991,420
				45,485,853
IT Services—4.8%
Amdocs, Ltd.		169,090		13,900,889
Euronet Worldwide, Inc. (a)		70,343		9,155,141
				23,056,030
Machinery—4.5%
Donaldson Co., Inc. (b)		124,081		6,443,526
Gates Industrial Corp. plc (a) (b)		313,809		4,725,964
Stanley Black & Decker, Inc.		73,974		10,340,825
				21,510,315

BHFTI-44

Brighthouse Funds Trust I

Allspring Mid Cap Value Portfolio

Schedule of Investments as of March 31, 2022 (Unaudited)

Common Stocks—(Continued)

Security Description	Shares		Value
Metals & Mining—1.5%
Freeport-McMoRan, Inc.		148,020	$	7,362,515
Mortgage Real Estate Investment Trusts—1.9%
Annaly Capital Management, Inc. (b)		1,286,602		9,057,678
Oil, Gas & Consumable Fuels—5.1%
Devon Energy Corp.		81,917		4,843,752
EOG Resources, Inc.		79,138		9,435,624
Valero Energy Corp.		96,355		9,783,887
				24,063,263
Professional Services—2.7%
Dun & Bradstreet Holdings, Inc. (a) (b)		156,184		2,736,344
Jacobs Engineering Group, Inc.		75,075		10,346,086
				13,082,430
Real Estate Management & Development—2.7%
CBRE Group, Inc. - Class A (a)		139,807		12,795,137
Software—1.7%
NCR Corp. (a) (b)		202,617		8,143,177
Special Purpose Acquisition Companies—1.3%
Pershing Square Tontine Holdings, Ltd. - Class A (a)		311,724		6,200,190
Specialty Retail—1.1%
Best Buy Co., Inc. (b)		59,601		5,417,731
Trading Companies & Distributors—2.7%
AerCap Holdings NV (a)		259,693		13,057,364
Water Utilities—2.1%
American Water Works Co., Inc.		59,804		9,899,356
Total Common Stocks (Cost $349,429,032)				462,286,225
Mutual Funds—1.2%
Investment Company Securities—1.2%
SPDR S&P Oil & Gas Exploration & Production ETF (b) (Cost $2,890,583)		43,908		5,907,821
Warrants—0.0%
Special Purpose Acquisition Companies—0.0%
Liberty Media Acquisition Corp., Expires 12/31/27 (a)		16,674		11,172
Pershing Square Tontine Holdings, Ltd., Expires 07/24/25 (a)		37,827		35,557
Total Warrants (Cost $250,947)				46,729
Short-Term Investment—1.7%
Security Description	Principal Amount*		Value
Repurchase Agreement—1.7%
Fixed Income Clearing Corp. Repurchase Agreement dated 03/31/22 at 0.000%, due on 04/01/22 with a maturity value of $7,927,911; collateralized by U.S. Treasury Note at 0.125%, maturing 04/15/25, with a market value of $8,086,498.		7,927,911	$	7,927,911
Total Short-Term Investments (Cost $7,927,911)				7,927,911
Securities Lending Reinvestments (c)—14.7%
Certificates of Deposit—0.7%
Credit Agricole S.A. 0.590%, 05/24/22		1,000,000		999,880
Goldman Sachs Bank USA 0.470%, SOFR + 0.190%, 09/02/22 (d)		1,000,000		998,726
Oversea-Chinese Banking Corp., Ltd.
Zero Coupon, 04/14/22		300,000		299,949
0.720%, SOFR + 0.440%, 09/26/22 (d)		1,000,000		1,000,199
				3,298,754
Repurchase Agreements—10.9%
Barclays Bank plc Repurchase Agreement dated 03/31/22 at 0.600%, due on 05/05/22 with a maturity value of $3,001,750; collateralized by various Common Stock with an aggregate market value of $3,334,370.		3,000,000		3,000,000
Barclays Capital, Inc. Repurchase Agreement dated 03/31/22 at 0.240%, due on 04/01/22 with a maturity value of $10,246,976; collateralized by U.S. Treasury Obligations at 0.000%, maturity dates ranging from 02/15/37 - 11/15/48, and an aggregate market value of $10,451,846.		10,246,908		10,246,908
Cantor Fitzgerald & Co. Repurchase Agreement dated 03/31/22 at 0.290%, due on 04/01/22 with a maturity value of $5,000,040; collateralized by U.S. Treasury and U.S. Government Agency Obligations with rates ranging from 0.125% - 8.000%, maturity dates ranging from 09/15/22 - 07/20/71, and an aggregate market value of $5,100,000.		5,000,000		5,000,000
Citigroup Global Markets, Inc. Repurchase Agreement dated 03/31/22 at 0.620%, due on 05/05/22 with a maturity value of $1,000,603; collateralized by U.S. Treasury Obligations with rates ranging from 0.000% - 3.875%, maturity dates ranging from 04/21/22 - 05/15/51, and various Common Stock with an aggregate market value of $1,070,061.		1,000,000		1,000,000
Citigroup Global Markets, Ltd. Repurchase Agreement dated 03/31/22 at 0.300%, due on 04/01/22 with a maturity value of $1,100,009; collateralized by U.S. Treasury and Foreign Obligations with rates ranging from 0.125% - 2.875%, maturity dates ranging from 08/15/23 - 02/15/51, and an aggregate market value of $1,122,000.		1,100,000		1,100,000

BHFTI-45

Brighthouse Funds Trust I

Allspring Mid Cap Value Portfolio

Schedule of Investments as of March 31, 2022 (Unaudited)

Securities Lending Reinvestments (c)—(Continued)

Security Description	Principal Amount*		Value
Repurchase Agreements—(Continued)
National Bank of Canada
Repurchase Agreement dated 03/31/22 at 0.320%, due on 04/07/22 with a maturity value of $2,500,156; collateralized by U.S. Treasury Obligations with rates ranging from 0.000% - 4.500%, maturity dates ranging from 04/14/22 - 08/15/51, and an aggregate market value of $2,551,422.		2,500,000	$	2,500,000
Repurchase Agreement dated 03/31/22 at 0.450%, due on 04/07/22 with a maturity value of $7,400,648; collateralized by U.S. Treasury Obligations with rates ranging from 0.500% - 3.000%, maturity dates ranging from 11/30/23 - 08/15/48, and various Common Stock with an aggregate market value of $8,182,910.		7,400,000		7,400,000
NBC Global Finance, Ltd.
Repurchase Agreement dated 03/31/22 at 0.440%, due on 04/01/22 with a maturity value of $8,100,099; collateralized by U.S. Treasury Obligations with rates ranging from 0.125% - 4.750%, maturity dates ranging from 05/15/24 - 02/15/50, and various Common Stock with an aggregate market value of $8,994,050.		8,100,000		8,100,000
Repurchase Agreement dated 03/31/22 at 0.485%, due on 04/07/22 with a maturity value of $1,000,094; collateralized by U.S. Treasury Obligations with rates ranging from 0.125% - 4.750%, maturity dates ranging from 05/15/24 - 02/15/50, and various Common Stock with an aggregate market value of $1,110,377.		1,000,000		1,000,000
Societe Generale
Repurchase Agreement dated 03/31/22 at 0.360%, due on 04/01/22 with a maturity value of $7,600,076; collateralized by various Common Stock with an aggregate market value of $8,445,143.		7,600,000		7,600,000
Repurchase Agreement dated 03/31/22 at 0.380%, due on 04/01/22 with a maturity value of $500,005; collateralized by various Common Stock with an aggregate market value of $555,601.		500,000		500,000
Repurchase Agreement dated 03/31/22 at 0.410%, due on 04/01/22 with a maturity value of $2,600,030; collateralized by various Common Stock with an aggregate market value of $2,889,353.		2,600,000		2,600,000
Repurchase Agreement dated 03/31/22 at 0.420%, due on 04/07/22 with a maturity value of $1,400,114; collateralized by various Common Stock with an aggregate market value of $1,555,806.		1,400,000		1,400,000
TD Prime Services LLC Repurchase Agreement dated 03/31/22 at 0.400%, due on 04/01/22 with a maturity value of $500,006; collateralized by various Common Stock with an aggregate market value of $579,094.		500,000		500,000
				51,946,908
Time Deposits—1.8%
DZ Bank AG (NY) 0.300%, 04/01/22		2,000,000		2,000,000
Time Deposits—(Continued)
National Bank of Canada 0.370%, OBFR + 0.050%, 04/07/22 (d)		2,500,000		2,500,000
Skandi (NY) 0.300%, 04/01/22		2,000,000		2,000,000
Svenska (NY) 0.260%, 04/01/22		2,000,000		2,000,000
				8,500,000
Mutual Funds—1.3%
BlackRock Liquidity Funds FedFund, Institutional Shares 0.230% (e)		5,000,000		5,000,000
Fidelity Government Portfolio, Institutional Class 0.160% (e)		1,000,000		1,000,000
				6,000,000
Total Securities Lending Reinvestments (Cost $69,746,891)				69,745,662
Total Investments—114.7% (Cost $430,245,364)				545,914,348
Other assets and liabilities (net)—(14.7)%				(70,001,668	)
Net Assets—100.0%			$	475,912,680

*	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 March 31, 2022, the market value of securities loaned was $67,176,010 and the collateral received consisted of cash in the amount of $69,746,673. 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 March 31, 2022.
(d)	Variable or floating rate security. The stated rate represents the rate at March 31, 2022. 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 March 31, 2022.

Glossary of Abbreviations

Index Abbreviations

(OBFR)—	U.S. Overnight Bank Funding Rate
(SOFR)—	Secured Overnight Financing Rate

Other Abbreviations

(ETF)— Exchange-Traded Fund

BHFTI-46

Brighthouse Funds Trust I

Allspring Mid Cap Value Portfolio

Schedule of Investments as of March 31, 2022 (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 March 31, 2022:

Description	Level 1		Level 2			Level 3		Total
Total Common Stocks*	$	462,286,225	$	—		$	—	$	462,286,225
Total Mutual Funds*		5,907,821		—			—		5,907,821
Total Warrants*		46,729		—			—		46,729
Total Short-Term Investment*		—		7,927,911			—		7,927,911
Securities Lending Reinvestments
Certificates of Deposit		—		3,298,754			—		3,298,754
Repurchase Agreements		—		51,946,908			—		51,946,908
Time Deposits		—		8,500,000			—		8,500,000
Mutual Funds		6,000,000		—			—		6,000,000
Total Securities Lending Reinvestments		6,000,000		63,745,662			—		69,745,662
Total Investments	$	474,240,775	$	71,673,573		$	—	$	545,914,348
Collateral for Securities Loaned (Liability)	$	—	$	(69,746,673	)	$	—	$	(69,746,673	)

* See Schedule of Investments for additional detailed categorizations.

BHFTI-47

Brighthouse Funds Trust I

American Funds Balanced Allocation Portfolio

Schedule of Investments as of March 31, 2022 (Unaudited)

Mutual Funds—100.1% of Net Assets

Security Description	Shares		Value
Investment Company Securities—100.1%
American Funds AMCAP Fund (Class R-6)		8,988,722	$	364,762,348
American Funds American Mutual Fund (Class R-6)		6,457,889		342,009,804
American Funds Capital World Bond Fund (Class 1) (a)		12,522,910		135,247,429
American Funds Fundamental Investors Fund (Class R-6)		5,394,007		385,078,140
American Funds Growth Fund (Class 1)		3,442,279		400,371,480
American Funds Growth-Income Fund (Class 1)		6,825,136		434,829,435
American Funds High-Income Trust Fund (Class R-6)		18,891,672		189,672,385
American Funds International Fund (Class 1) (a)		14,106,955		289,474,727
American Funds International Growth & Income Fund (Class R-6) (a)		11,012,379		392,921,696
American Funds New World Fund (Class 1)		3,112,104		88,757,200
American Funds SMALLCAP World Fund (Class R-6)		1,862,350		130,681,129
American Funds The Bond Fund of America (Class 1) (a)		56,471,218		600,289,053
Investment Company Securities—(Continued)
American Funds U.S. Government Securities Fund (Class R-6)		37,809,601		511,941,995
American Funds Washington Mutual Investors Fund (Class 1) (a)		22,014,650		390,319,752
Total Mutual Funds (Cost $4,096,552,713)				4,656,356,573
Total Investments—100.1% (Cost $4,096,552,713)				4,656,356,573
Other assets and liabilities (net)—(0.1)%				(2,630,274	)
Net Assets—100.0%			$	4,653,726,299

(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 March 31, 2022:

Description	Level 1		Level 2		Level 3		Total
Mutual Funds
Investment Company Securities	$	4,656,356,573	$	—	$	—	$	4,656,356,573
Total Investments	$	4,656,356,573	$	—	$	—	$	4,656,356,573

BHFTI-48

Brighthouse Funds Trust I

American Funds Growth Allocation Portfolio

Schedule of Investments as of March 31, 2022 (Unaudited)

Mutual Funds—100.1% of Net Assets

Security Description	Shares		Value
Investment Company Securities—100.1%
American Funds AMCAP Fund (Class R-6)		8,946,194	$	363,036,541
American Funds American Mutual Fund (Class R-6)		5,651,613		299,309,439
American Funds Capital World Bond Fund (Class 1) (a)		5,666,576		61,199,018
American Funds Fundamental Investors Fund (Class R-6)		5,067,786		361,789,239
American Funds Growth Fund (Class 1)		2,939,057		341,841,681
American Funds Growth-Income Fund (Class 1)		5,183,022		330,210,303
American Funds High-Income Trust Fund (Class R-6)		9,610,210		96,486,509
American Funds International Fund (Class 1) (a)		13,029,565		267,366,676
American Funds International Growth & Income Fund (Class R-6) (a)		9,460,480		337,549,934
American Funds New World Fund (Class 1)		3,220,562		91,850,438
American Funds SMALLCAP World Fund (Class R-6)		2,149,457		150,827,385
American Funds The Bond Fund of America (Class 1)		11,843,056		125,891,686
Investment Company Securities—(Continued)
American Funds U.S. Government Securities Fund (Class R-6)		2,337,799		31,653,800
American Funds Washington Mutual Investor Fund (Class 1) (a)		18,753,516		332,499,838
Total Mutual Funds (Cost $2,642,997,543)				3,191,512,487
Total Investments—100.1% (Cost $2,642,997,543)				3,191,512,487
Other assets and liabilities (net)—(0.1)%				(1,876,247	)
Net Assets—100.0%			$	3,189,636,240

(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 March 31, 2022:

Description	Level 1		Level 2		Level 3		Total
Mutual Funds
Investment Company Securities	$	3,191,512,487	$	—	$	—	$	3,191,512,487
Total Investments	$	3,191,512,487	$	—	$	—	$	3,191,512,487

BHFTI-49

Brighthouse Funds Trust I

American Funds Growth Portfolio

Schedule of Investments as of March 31, 2022 (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 $1,199,933,587)		15,185,943	$	1,766,277,048
Total Investments—100.1% (Cost $1,199,933,587)				1,766,277,048
Other assets and liabilities (net)—(0.1)%				(1,054,269	)
Net Assets—100.0%			$	1,765,222,779

(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 March 31, 2022:

Description	Level 1		Level 2		Level 3		Total
Mutual Funds
Investment Company Securities	$	1,766,277,048	$	—	$	—	$	1,766,277,048
Total Investments	$	1,766,277,048	$	—	$	—	$	1,766,277,048

BHFTI-50

Brighthouse Funds Trust I

American Funds Moderate Allocation Portfolio

Schedule of Investments as of March 31, 2022 (Unaudited)

Mutual Funds—100.1% of Net Assets

Security Description	Shares		Value
Investment Company Securities—100.1%
American Funds AMCAP Fund (Class R-6)		2,937,787	$	119,215,385
American Funds American Mutual Fund (Class R-6)		3,847,529		203,765,132
American Funds Capital World Bond Fund (Class 1) (a)		6,589,744		71,169,231
American Funds Fundamental Investors Fund (Class R-6)		1,758,482		125,538,058
American Funds Growth Fund (Class 1)		1,048,963		122,004,907
American Funds Growth-Income Fund (Class 1)		3,167,844		201,823,348
American Funds High-Income Trust Fund (Class R-6)		12,422,118		124,718,064
American Funds International Fund (Class 1)		6,092,480		125,017,690
American Funds International Growth & Income Fund (Class R-6)		4,283,194		152,824,377
American Funds New World Fund (Class 1)		821,397		23,426,241
American Funds SMALLCAP World Fund (Class R-6)		328,912		23,079,761
Investment Company Securities—(Continued)
American Funds The Bond Fund of America (Class 1) (a)		43,681,783		464,337,356
American Funds U.S. Government Securities Fund (Class R-6)		36,211,647		490,305,699
American Funds Washington Mutual Investors Fund (Class 1)		11,482,211		203,579,601
Total Mutual Funds (Cost $2,242,842,614)				2,450,804,850
Total Investments—100.1% (Cost $2,242,842,614)				2,450,804,850
Other assets and liabilities (net)—(0.1)%				(1,548,577	)
Net Assets—100.0%			$	2,449,256,273

(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 March 31, 2022:

Description	Level 1		Level 2		Level 3		Total
Mutual Funds
Investment Company Securities	$	2,450,804,850	$	—	$	—	$	2,450,804,850
Total Investments	$	2,450,804,850	$	—	$	—	$	2,450,804,850

BHFTI-51

Brighthouse Funds Trust I

BlackRock Global Tactical Strategies Portfolio

Consolidated Schedule of Investments as of March 31, 2022 (Unaudited)

Mutual Funds—86.4% of Net Assets

Security Description	Shares/ Principal Amount*		Value
Investment Company Securities—86.4%
Communication Services Select Sector SPDR Fund (a)		1,152,365	$	79,259,665
Consumer Discretionary Select Sector SPDR Fund (a)		545,772		100,967,820
Consumer Staples Select Sector SPDR Fund (a)		678,407		51,484,307
Energy Select Sector SPDR Fund (a)		426,311		32,587,213
Financial Select Sector SPDR Fund (a)		2,431,658		93,181,134
Health Care Select Sector SPDR Fund (a)		838,610		114,881,184
Industrial Select Sector SPDR Fund (a)		657,042		67,662,185
iShares Core MSCI EAFE ETF (a) (b)		17,301,112		1,202,600,295
iShares Core S&P 500 ETF (a) (b)		1,315,299		596,738,003
iShares Core U.S. Aggregate Bond ETF (b)		8,191,970		877,359,987
iShares U.S. Real Estate ETF (a)(b)		1,061,068		114,828,779
Materials Select Sector SPDR Fund (a)		251,698		22,187,179
Real Estate Select Sector SPDR Fund (a)		475,275		22,965,288
Technology Select Sector SPDR Fund (a)		1,492,433		237,192,377
Utilities Select Sector SPDR Fund (a)		309,556		23,049,540
Vanguard Total Bond Market ETF (a)		13,150,670		1,046,004,292
Total Mutual Funds (Cost $4,010,596,235)				4,682,949,248
Short-Term Investments—9.7%
Mutual Funds—5.6%
SSGA USD Liquidity Fund, D Shares, 0.269% (c)		306,060,800		306,060,800
Repurchase Agreement—4.1%
Fixed Income Clearing Corp. Repurchase Agreement dated 03/31/22 at 0.000%, due on 04/01/22 with a maturity value of $221,743,289; collateralized by U.S. Treasury Notes with rates ranging from 0.125% - 1.000%, maturity dates ranging from 10/15/24 - 12/15/24, and an aggregate market value of $226,178,237.		221,743,289		221,743,289
Total Short-Term Investments (Cost $527,804,089)				527,804,089
Securities Lending Reinvestments (d)—23.7%
Certificates of Deposit—7.4%
Bank of Montreal 0.300%, 06/02/22		22,000,000		21,983,852
Bank of Nova Scotia 0.520%, SOFR + 0.250%, 02/17/23 (e)		8,000,000		7,982,219
Barclays Bank plc 0.180%, 04/07/22		35,000,000		34,998,705
BNP Paribas S.A. 0.490%, SOFR + 0.220%, 11/17/22 (e)		15,000,000		14,978,880
Canadian Imperial Bank of Commerce (NY) 0.520%, SOFR + 0.250%, 02/03/23 (e)		8,000,000		7,988,121
0.770%, SOFR + 0.500%, 03/03/23 (e)		27,000,000		27,017,149
Cooperatieve Rabobank UA 0.840%, SOFR + 0.570%, 09/19/22 (e)		15,000,000		15,000,000
Credit Agricole Corp. & Investment Bank (NY) 0.410%, SOFR + 0.140%, 05/16/22 (e)		15,000,000		14,995,020
Certificates of Deposit—(Continued)
Credit Industriel et Commercial Zero Coupon, 04/14/22		19,000,000		18,996,770
Credit Industriel et Commercial (NY) 0.480%, SOFR + 0.210%, 11/08/22 (e)		3,000,000		2,994,465
Credit Suisse Group AG 0.830%, 06/03/22		26,000,000		26,004,784
Goldman Sachs Bank USA 0.470%, SOFR + 0.190%, 09/02/22 (e)		15,000,000		14,980,890
Mitsubishi UFJ Trust and Banking Corp. 0.430%, SOFR + 0.160%, 07/22/22 (e)		16,000,000		15,989,744
Mizuho Bank, Ltd. 0.250%, 05/05/22		10,000,000		9,996,910
MUFG Bank Ltd. 0.470%, SOFR + 0.190%, 08/22/22 (e)		11,000,000		10,990,270
0.780%, SOFR + 0.500%, 05/09/22 (e)		15,000,000		15,004,661
National Australia Bank, Ltd. Zero Coupon, 04/25/22		11,000,000		10,996,040
National Westminster Bank plc 0.440%, 05/11/22		15,000,000		14,997,300
Natixis S.A. (New York) 0.330%, 06/09/22		15,000,000		14,987,310
0.450%, SOFR + 0.180%, 06/17/22 (e)		18,000,000		17,995,381
Nordea Bank Abp. 0.720%, SOFR + 0.450%, 08/30/22 (e)		10,000,000		9,999,980
Oversea-Chinese Banking Corp., Ltd. Zero Coupon, 04/14/22		4,925,557		4,924,720
Royal Bank of Canada 0.520%, SOFR + 0.250%, 01/11/23 (e)		25,000,000		24,941,550
Standard Chartered Bank (NY) 0.460%, SOFR + 0.190%, 08/25/22 (e)		15,000,000		14,987,750
Sumitomo Mitsui Banking Corp. 0.200%, 04/26/22		4,000,000		3,999,096
Toronto-Dominion Bank (The) 0.530%, SOFR + 0.250%, 02/09/23 (e)		10,000,000		9,999,998
0.820%, FEDEFF PRV + 0.490%, 12/23/22 (e)		10,000,000		9,997,040
Westpac Banking Corp. 0.500%, SOFR + 0.230%, 02/17/23 (e)		5,000,000		4,984,365
				402,712,970
Commercial Paper—0.9%
Antalis S.A. 0.800%, 06/01/22		10,000,000		9,983,930
DNB Bank ASA 0.830%, SOFR + 0.550%, 09/07/22 (e)		20,000,000		20,007,980
Societe Generale 0.460%, SOFR + 0.190%, 08/18/22 (e)		20,000,000		19,979,820
				49,971,730
Master Demand Notes—0.2%
Natixis Financial Products LLC 0.550%, OBFR + 0.230%, 04/01/22 (e)		4,000,000		4,000,000
0.570%, OBFR + 0.250%, 04/01/22 (e)		8,000,000		8,000,000
				12,000,000

BHFTI-52

Brighthouse Funds Trust I

BlackRock Global Tactical Strategies Portfolio

Consolidated Schedule of Investments as of March 31, 2022 (Unaudited)

Securities Lending Reinvestments (d)—(Continued)

Security Description	Principal Amount*		Value
Repurchase Agreements—12.1%
Barclays Bank plc Repurchase Agreement dated 03/31/22 at 0.600%, due on 05/05/22 with a maturity value of $63,036,750; collateralized by various Common Stock with an aggregate market value of $70,021,778.		63,000,000	$	63,000,000
BofA Securities, Inc. Repurchase Agreement dated 03/31/22 at 0.600%, due on 04/18/22 with a maturity value of $12,003,600; collateralized by U.S. Treasury Obligations with rates ranging from 0.000% - 2.250%, maturity dates ranging from 07/21/22 - 08/15/49, and various Common Stock with an aggregate market value of $12,701,035.		12,000,000		12,000,000
Repurchase Agreement dated 03/31/22 at 0.600%, due on 05/05/22 with a maturity value of $18,010,500; collateralized by U.S. Treasury Obligations with rates ranging from 0.000% - 7.500%, maturity dates ranging from 04/21/22 - 08/15/51, and various Common Stock with an aggregate market value of $18,934,026.		18,000,000		18,000,000
Cantor Fitzgerald & Co. Repurchase Agreement dated 03/31/22 at 0.290%, due on 04/01/22 with a maturity value of $5,000,040; collateralized by U.S. Treasury and U.S. Government Agency Obligations with rates ranging from 0.125% - 8.000%, maturity dates ranging from 09/15/22 - 07/20/71, and an aggregate market value of $5,100,000.		5,000,000		5,000,000
Citigroup Global Markets, Inc. Repurchase Agreement dated 03/31/22 at 0.620%, due on 05/05/22 with a maturity value of $20,012,056; collateralized by U.S. Treasury Obligations with rates ranging from 0.000% - 3.875%, maturity dates ranging from 04/21/22 - 05/15/51, and various Common Stock with an aggregate market value of $21,401,218.		20,000,000		20,000,000
Citigroup Global Markets, Ltd. Repurchase Agreement dated 03/31/22 at 0.300%, due on 04/01/22 with a maturity value of $27,700,231; collateralized by U.S. Treasury and Foreign Obligations with rates ranging from 0.125% - 2.875%, maturity dates ranging from 08/15/23 - 02/15/51, and an aggregate market value of $28,254,009.		27,700,000		27,700,000
ING Financial Markets LLC Repurchase Agreement dated 03/31/22 at 0.260%, due on 04/01/22 with a maturity value of $65,760,470; collateralized by U.S. Treasury Obligations at 0.000%, maturity dates ranging from 05/10/22 - 08/11/22, and an aggregate market value of $67,075,221.		65,759,996		65,759,996
National Bank Financial, Inc. Repurchase Agreement dated 03/31/22 at 0.320%, due on 04/01/22 with a maturity value of $10,000,089; collateralized by U.S. Treasury Obligations with rates ranging from 0.125% - 3.000%, maturity dates ranging from 06/30/22 - 02/15/49, and an aggregate market value of $10,205,689.		10,000,000		10,000,000
Repurchase Agreements—(Continued)
National Bank of Canada Repurchase Agreement dated 03/31/22 at 0.320%, due on 04/07/22 with a maturity value of $71,004,418; collateralized by U.S. Treasury Obligations with rates ranging from 0.000% - 4.500%, maturity dates ranging from 04/14/22 - 08/15/51, and an aggregate market value of $72,460,391.		71,000,000		71,000,000
Repurchase Agreement dated 03/31/22 at 0.450%, due on 04/07/22 with a maturity value of $174,015,225; collateralized by U.S. Treasury Obligations with rates ranging from 0.500% - 3.000%, maturity dates ranging from 11/30/23 - 08/15/48, and various Common Stock with an aggregate market value of $192,408,973.		174,000,000		174,000,000
NBC Global Finance, Ltd. Repurchase Agreement dated 03/31/22 at 0.440%, due on 04/01/22 with a maturity value of $6,700,082; collateralized by U.S. Treasury Obligations with rates ranging from 0.125% - 4.750%, maturity dates ranging from 05/15/24 - 02/15/50, and various Common Stock with an aggregate market value of $7,439,523.		6,700,000		6,700,000
Repurchase Agreement dated 03/31/22 at 0.485%, due on 04/07/22 with a maturity value of $26,202,471; collateralized by U.S. Treasury Obligations with rates ranging from 0.125% - 4.750%, maturity dates ranging from 05/15/24 - 02/15/50, and various Common Stock with an aggregate market value of $29,091,866.		26,200,000		26,200,000
Royal Bank of Canada Toronto Repurchase Agreement dated 03/31/22 at 0.570%, due on 05/05/22 with a maturity value of $20,011,083; collateralized by various Common Stock with an aggregate market value of $22,222,574.		20,000,000		20,000,000
Societe Generale Repurchase Agreement dated 03/31/22 at 0.360%, due on 04/01/22 with a maturity value of $20,000,200; collateralized by various Common Stock with an aggregate market value of $22,224,058.		20,000,000		20,000,000
Repurchase Agreement dated 03/31/22 at 0.360%, due on 04/01/22 with a maturity value of $30,759,818; collateralized by various Common Stock with an aggregate market value of $34,180,057.		10,759,510		10,759,510
Repurchase Agreement dated 03/31/22 at 0.380%, due on 04/01/22 with a maturity value of $11,000,116; collateralized by various Common Stock with an aggregate market value of $12,223,232.		11,000,000		11,000,000
Repurchase Agreement dated 03/31/22 at 0.410%, due on 04/01/22 with a maturity value of $40,000,456; collateralized by various Common Stock with an aggregate market value of $44,451,589.		40,000,000		40,000,000
Repurchase Agreement dated 03/31/22 at 0.420%, due on 04/07/22 with a maturity value of $40,003,267; collateralized by various Common Stock with an aggregate market value of $44,451,589.		40,000,000		40,000,000

BHFTI-53

Brighthouse Funds Trust I

BlackRock Global Tactical Strategies Portfolio

Consolidated Schedule of Investments as of March 31, 2022 (Unaudited)

Securities Lending Reinvestments (d)—(Continued)

Security Description	Shares/ Principal Amount*		Value
Repurchase Agreements—(Continued)
TD Prime Services LLC Repurchase Agreement dated 03/31/22 at 0.400%, due on 04/01/22 with a maturity value of $10,000,111; collateralized by various Common Stock with an aggregate market value of $11,266,654.		10,000,000	$	10,000,000
Repurchase Agreement dated 03/31/22 at 0.400%, due on 04/01/22 with a maturity value of $ 15,877,128; collateralized by various Common Stock with an aggregate market value of $18,073,270.		5,876,951		5,876,951
				656,996,457
Time Deposits—2.5%
DZ Bank AG (NY) 0.300%, 04/01/22		25,000,000		25,000,000
First Abu Dhabi Bank USA NV 0.310%, 04/01/22		20,000,000		20,000,000
Jyske Bank A/S 0.750%, 04/11/22		7,000,000		7,000,000
National Bank of Canada 0.370%, OBFR + 0.050%, 04/07/22 (e)		26,500,000		26,500,000
0.390%, OBFR + 0.070%, 04/07/22 (e)		20,000,000		20,000,000
Skandi (NY) 0.300%, 04/01/22		35,000,000		35,000,000
				133,500,000
Mutual Funds—0.6%
AB Government Money Market Portfolio, Institutional Class  0.190% (c)		5,000,000		5,000,000
Morgan Stanley Liquidity Funds Government Portfolio, Institutional Shares 0.230% (c)		5,000,000		5,000,000
Mutual Funds—(Continued)
STIT-Government & Agency Portfolio, Institutional Class  0.250% (c)		20,000,000		20,000,000
				30,000,000
Total Securities Lending Reinvestments (Cost $1,285,406,761)				1,285,181,157
Total Investments—119.8% (Cost $5,823,807,085)				6,495,934,494
Other assets and liabilities (net)—(19.8)%				(1,072,497,167	)
Net Assets—100.0%			$	5,423,437,327

*	Principal amount stated in U.S. dollars unless otherwise noted.
(a)	All or a portion of the security was held on loan. As of March 31, 2022, the market value of securities loaned was $1,244,373,954 and the collateral received consisted of cash in the amount of $1,285,372,609 and non-cash collateral with a value of $8,113,037. 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 March 31, 2022.
(d)	Represents investment of cash collateral received from securities on loan as of March 31, 2022.
(e)	Variable or floating rate security. The stated rate represents the rate at March 31, 2022. 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)
AUD	9,079,000	DBAG		06/15/22		USD	6,671,641	$	130,364
AUD	82,766,000	GSI		06/15/22		USD	60,758,521		1,249,940
EUR	164,398,446	JPMC		06/15/22		USD	183,177,779		(820,813	)
JPY	7,468,910,000	GSI		06/15/22		USD	64,935,468		(3,470,701	)
JPY	1,595,831,977	JPMC		06/15/22		USD	13,832,927		(700,161	)
Contracts to Deliver
AUD	91,844,573	JPMC		06/15/22		USD	66,959,047		(1,851,100	)
CAD	441	GSI		06/15/22		USD	348		(4	)
EUR	87,990,875	DBAG		06/15/22		USD	98,040,823		438,021
EUR	164,398,000	GSI		06/15/22		USD	179,183,956		(3,172,515	)
JPY	7,675,920,778	JPMC		06/15/22		USD	66,546,872		3,378,527
JPY	7,468,909,841	JPMC		06/15/22		USD	64,751,055		3,286,289
Net Unrealized Depreciation								$	(1,532,153	)

BHFTI-54

Brighthouse Funds Trust I

BlackRock Global Tactical Strategies Portfolio

Consolidated Schedule of Investments as of March 31, 2022 (Unaudited)

Futures Contracts

Futures Contracts—Long	Expiration Date		Number of Contracts			Notional Value				Value/ Unrealized Appreciation/ (Depreciation)
FTSE 100 Index Futures		06/17/22		556			GBP	41,622,160		$	2,613,389
FTSE MIB Index Futures		06/17/22		180			EUR	21,965,400			1,443,072
IBEX 35 Index Futures		04/14/22		281			EUR	23,648,679			599,279
MSCI EAFE Index Mini Futures		06/17/22		1,520			USD	162,974,400			5,378,918
Russell 2000 Index E-Mini Futures		06/17/22		982			USD	101,460,240			2,913,559
TOPIX Index Futures		06/09/22		1,008			JPY	19,620,720,000			14,739,121
Futures Contracts—Short
S&P 500 Index E-Mini Futures		06/17/22		(85	)		USD	(19,255,688	)		1,700
U.S. Treasury Note 5 Year Futures		06/30/22		(2,351	)		USD	(269,630,313	)		8,715,084
U.S. Treasury Ultra Long Bond Futures		06/21/22		(554	)		USD	(98,127,250	)		3,549,097
Net Unrealized Appreciation										$	39,953,219

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 SOFR		Annually	1.260%	Annually		12/15/31		USD	327,000,000	$	(24,806,383	)	$	196,170		$	(25,002,554	)
Pay	12M SOFR		Annually	1.630%	Annually		01/24/32		USD	323,000,000		(14,146,315	)		77,596			(14,223,911	)
Pay	12M SOFR		Annually	1.905%	Annually		03/17/32		USD	310,000,000		(6,075,529	)		4,988			(6,080,516	)
Pay	12M SOFR		Annually	1.925%	Annually		03/16/32		USD	267,000,000		(4,751,743	)		4,295			(4,756,038	)
Pay	12M SOFR		Annually	2.000%	Annually		03/22/32		USD	45,000,000		(497,952	)		40,595			(538,548	)
Pay	12M SOFR		Annually	2.010%	Annually		03/18/32		USD	350,000,000		(3,555,643	)		591,496			(4,147,139	)
Pay	12M SOFR		Annually	2.190%	Annually		03/24/32		USD	75,000,000		453,059			(45,724	)		498,783
Totals											$	(53,380,506	)	$	869,416		$	(54,249,923	)

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)

Pay

0.090%

Quarterly

05/31/22

JPMC

S&P GSCI Commodity Index

USD

208,256,524

$

7,251,823

$

(9,137,869

)

$

16,389,693

Glossary of Abbreviations

Counterparties

(DBAG)—	Deutsche Bank AG
(GSI)—	Goldman Sachs International
(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

(FEDEFF PRV)—	Effective Federal Funds Rate
(OBFR)—	U.S. Overnight Bank Funding Rate
(SOFR)—	Secured Overnight Financing Rate

Other Abbreviations

(ETF)— Exchange-Traded Fund

BHFTI-55

Brighthouse Funds Trust I

BlackRock Global Tactical Strategies Portfolio

Consolidated Schedule of Investments as of March 31, 2022 (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 March 31, 2022:

Description	Level 1		Level 2			Level 3		Total
Mutual Funds
Investment Company Securities	$	4,682,949,248	$	—		$	—	$	4,682,949,248
Short-Term Investments
Mutual Funds		306,060,800		—			—		306,060,800
Repurchase Agreement		—		221,743,289			—		221,743,289
Total Short-Term Investments		306,060,800		221,743,289			—		527,804,089
Securities Lending Reinvestments
Certificates of Deposit		—		402,712,970			—		402,712,970
Commercial Paper		—		49,971,730			—		49,971,730
Master Demand Notes		—		12,000,000			—		12,000,000
Repurchase Agreements		—		656,996,457			—		656,996,457
Time Deposits		—		133,500,000			—		133,500,000
Mutual Funds		30,000,000		—			—		30,000,000
Total Securities Lending Reinvestments		30,000,000		1,255,181,157			—		1,285,181,157
Total Investments	$	5,019,010,048	$	1,476,924,446		$	—	$	6,495,934,494
Collateral for Securities Loaned (Liability)	$	—	$	(1,285,372,609	)	$	—	$	(1,285,372,609	)
Forward Contracts
Forward Foreign Currency Exchange Contracts (Unrealized Appreciation)	$	—	$	8,483,141		$	—	$	8,483,141
Forward Foreign Currency Exchange Contracts (Unrealized Depreciation)		—		(10,015,294	)		—		(10,015,294	)
Total Forward Contracts	$	—	$	(1,532,153	)	$	—	$	(1,532,153	)
Futures Contracts
Futures Contracts (Unrealized Appreciation)	$	39,953,219	$	—		$	—	$	39,953,219
Centrally Cleared Swap Contracts
Centrally Cleared Swap Contracts (Unrealized Appreciation)	$	—	$	498,783		$	—	$	498,783
Centrally Cleared Swap Contracts (Unrealized Depreciation)		—		(54,748,706	)		—		(54,748,706	)
Total Centrally Cleared Swap Contracts	$	—	$	(54,249,923	)	$	—	$	(54,249,923	)
OTC Swap Contracts
OTC Swap Contracts at Value (Assets)	$	—	$	7,251,823		$	—	$	7,251,823

BHFTI-56

Brighthouse Funds Trust I

BlackRock High Yield Portfolio

Schedule of Investments as of March 31, 2022 (Unaudited)

Corporate Bonds & Notes—82.2% of Net Assets

Security Description	Principal Amount*		Value
Advertising—1.2%
Advantage Sales & Marketing, Inc. 6.500%, 11/15/28 (144A)		258,000	$	244,179
Clear Channel International B.V. 6.625%, 08/01/25 (144A) (a)		809,000		823,158
Clear Channel Outdoor Holdings, Inc. 5.125%, 08/15/27 (144A)		3,189,000		3,154,527
7.500%, 06/01/29 (144A)		2,759,000		2,753,082
7.750%, 04/15/28 (144A)		1,691,000		1,699,844
Lamar Media Corp. 4.000%, 02/15/30		132,000		125,565
Outfront Media Capital LLC / Outfront Media Capital Corp. 4.250%, 01/15/29 (144A)		351,000		326,518
4.625%, 03/15/30 (144A)		41,000		38,591
5.000%, 08/15/27 (144A)		366,000		357,794
Stagwell Global LLC 5.625%, 08/15/29 (144A) (a)		275,000		259,430
Summer BC Holdco A Sarl 5.750%, 10/31/26 (EUR)		100,000		112,049
9.250%, 10/31/27 (EUR)		90,105		102,445
Terrier Media Buyer, Inc. 8.875%, 12/15/27 (144A) (a)		1,535,000		1,561,862
				11,559,044
Aerospace/Defense—2.7%
Bombardier, Inc. 6.000%, 02/15/28 (144A) (a)		1,515,000		1,419,919
7.125%, 06/15/26 (144A) (a)		1,681,000		1,647,380
7.450%, 05/01/34 (144A)		110,000		111,650
7.500%, 12/01/24 (144A)		832,000		859,040
7.500%, 03/15/25 (144A)		60,000		60,306
7.875%, 04/15/27 (144A) (a)		1,270,000		1,243,476
F-Brasile S.p.A. / F-Brasile U.S. LLC 7.375%, 08/15/26 (144A)		664,000		597,600
Howmet Aerospace, Inc. 5.125%, 10/01/24		31,000		32,085
Rolls-Royce plc 5.750%, 10/15/27 (144A)		1,939,000		1,990,190
Spirit AeroSystems, Inc. 5.500%, 01/15/25 (144A)		379,000		379,947
7.500%, 04/15/25 (144A)		88,000		91,173
TransDigm, Inc. 4.625%, 01/15/29		914,000		854,562
4.875%, 05/01/29		775,000		726,384
6.250%, 03/15/26 (144A)		10,377,000		10,653,443
6.375%, 06/15/26		190,000		191,715
7.500%, 03/15/27		277,000		285,310
8.000%, 12/15/25 (144A)		1,955,000		2,044,500
Triumph Group, Inc. 8.875%, 06/01/24 (144A)		2,103,000		2,221,189
				25,409,869
Agriculture—0.0%
Tereos Finance Groupe I S.A. 7.500%, 10/30/25 (EUR)		100,000		114,626
Airlines—1.8%
Air Canada 3.875%, 08/15/26 (144A)		843,000	$	795,581
Air France-KLM 3.875%, 07/01/26 (EUR)		100,000		100,669
American Airlines, Inc. 11.750%, 07/15/25 (144A)		1,871,000		2,184,374
American Airlines, Inc./AAdvantage Loyalty IP, Ltd. 5.500%, 04/20/26 (144A)		1,262,020		1,271,485
5.750%, 04/20/29 (144A)		3,308,316		3,295,910
Delta Air Lines, Inc. 7.000%, 05/01/25 (144A)		248,000		265,637
Delta Air Lines, Inc. / SkyMiles IP, Ltd. 4.750%, 10/20/28 (144A)		1,337,000		1,347,237
Deutsche Lufthansa AG 2.000%, 07/14/24 (EUR)		100,000		108,556
2.875%, 05/16/27 (EUR)		100,000		102,724
3.500%, 07/14/29 (EUR)		100,000		102,018
3.750%, 02/11/28 (EUR)		100,000		106,244
Finnair Oyj 4.250%, 05/19/25 (EUR)		100,000		98,024
Hawaiian Brand Intellectual Property Ltd. / HawaiianMiles Loyalty, Ltd. 5.750%, 01/20/26 (144A)		939,000		939,535
International Consolidated Airlines Group S.A. 2.750%, 03/25/25 (EUR)		100,000		105,081
3.750%, 03/25/29 (EUR)		100,000		99,399
Mileage Plus Holdings LLC / Mileage Plus Intellectual Property Assets, Ltd. 6.500%, 06/20/27 (144A)		1,807,000		1,883,798
Spirit Loyalty Cayman, Ltd. / Spirit IP Cayman, Ltd. 8.000%, 09/20/25 (144A) (a)		89,401		95,212
United Airlines Pass-Through Trust 4.875%, 01/15/26		108,000		106,590
5.875%, 10/15/27		1,146,343		1,186,564
United Airlines, Inc. 4.375%, 04/15/26 (144A)		1,194,000		1,174,508
4.625%, 04/15/29 (144A)		1,778,000		1,690,789
				17,059,935
Apparel—0.2%
Crocs, Inc. 4.125%, 08/15/31 (144A)		1,111,000		938,795
4.250%, 03/15/29 (144A)		397,000		351,345
Kontoor Brands, Inc. 4.125%, 11/15/29 (144A)		269,000		246,135
Levi Strauss & Co. 3.500%, 03/01/31 (144A) (a)		275,000		251,834
William Carter Co. (The) 5.500%, 05/15/25 (144A)		95,000		97,897
Wolverine World Wide, Inc. 4.000%, 08/15/29 (144A)		276,000		244,950
				2,130,956

BHFTI-57

Brighthouse Funds Trust I

BlackRock High Yield Portfolio

Schedule of Investments as of March 31, 2022 (Unaudited)

Corporate Bonds & Notes—(Continued)

Security Description	Principal Amount*		Value
Auto Manufacturers—1.2%
Allison Transmission, Inc. 3.750%, 01/30/31 (144A)		881,000	$	799,199
5.875%, 06/01/29 (144A)		508,000		517,891
Ford Motor Co. 3.250%, 02/12/32 (a)		1,740,000		1,554,046
4.346%, 12/08/26		128,000		128,778
4.750%, 01/15/43		227,000		206,175
5.291%, 12/08/46 (a)		293,000		284,387
Ford Motor Credit Co. LLC 2.700%, 08/10/26 (a)		800,000		744,008
2.900%, 02/16/28		733,000		662,449
3.375%, 11/13/25		206,000		201,354
3.625%, 06/17/31		400,000		361,310
3.810%, 01/09/24		987,000		985,396
3.815%, 11/02/27		200,000		189,500
4.000%, 11/13/30		417,000		392,689
4.125%, 08/17/27		400,000		390,980
4.134%, 08/04/25		916,000		914,969
4.271%, 01/09/27		410,000		404,367
4.389%, 01/08/26		200,000		199,482
4.687%, 06/09/25		200,000		201,432
5.113%, 05/03/29		243,000		244,441
5.125%, 06/16/25		728,000		742,560
General Motors Financial Co., Inc. 5.700%, 5Y H15 + 4.997%, 09/30/30 (b)		270,000		282,879
Jaguar Land Rover Automotive plc 4.500%, 07/15/28 (EUR)		100,000		99,915
RCI Banque S.A. 2.625%, 5Y EUR Swap + 2.850%, 02/18/30 (EUR) (b)		100,000		103,877
Renault S.A. 2.375%, 05/25/26 (EUR)		100,000		104,213
Wabash National Corp. 4.500%, 10/15/28 (144A)		546,000		491,400
				11,207,697
Auto Parts & Equipment—1.4%
Adient U.S. LLC 9.000%, 04/15/25 (144A)		413,000		429,520
Clarios Global L.P. 6.750%, 05/15/25 (144A) (a)		1,142,000		1,182,575
Clarios Global L.P. / Clarios U.S. Finance Co. 4.375%, 05/15/26 (EUR)		167,000		182,434
6.250%, 05/15/26 (144A)		2,375,000		2,443,281
8.500%, 05/15/27 (144A) (a)		5,340,000		5,540,250
Dealer Tire LLC / DT Issuer LLC 8.000%, 02/01/28 (144A)		747,000		748,867
Dornoch Debt Merger Sub, Inc. 6.625%, 10/15/29 (144A)		306,000		266,058
Faurecia SE 3.750%, 06/15/28 (EUR)		100,000		103,829
Goodyear Tire & Rubber Co. (The) 5.000%, 07/15/29 (144A) (a)		344,000		320,457
5.250%, 07/15/31 (144A) (a)		420,000		388,374
5.625%, 04/30/33		302,000		277,840
9.500%, 05/31/25		444,000		470,101
Auto Parts & Equipment—(Continued)
IHO Verwaltungs GmbH 3.875%, 4.625% PIK, 05/15/27 (EUR) (c)		101,000		107,681
Meritor, Inc. 4.500%, 12/15/28 (144A)		164,000		164,418
Tenneco, Inc. 7.875%, 01/15/29 (144A)		124,000		130,665
Titan International, Inc. 7.000%, 04/30/28		150,000		150,482
ZF Finance GmbH 2.000%, 05/06/27 (EUR)		100,000		99,515
3.000%, 09/21/25 (EUR)		100,000		108,559
3.750%, 09/21/28 (EUR)		100,000		104,955
				13,219,861
Banks—0.9%
Banca Monte dei Paschi di Siena S.p.A. 2.625%, 04/28/25 (EUR)		175,000		181,978
Banco BPM S.p.A. 2.875%, 5Y EUR Swap + 3.170%, 06/29/31 (EUR) (b)		200,000		207,050
5.000%, 5Y EUR Swap + 5.419%, 09/14/30 (EUR) (b)		100,000		113,391
Banco de Sabadell S.A. 2.000%, 5Y EUR Swap + 2.200%, 01/17/30 (EUR) (b)		100,000		104,767
2.500%, 5Y EUR Swap + 2.950%, 04/15/31 (EUR) (b)		100,000		103,379
Banco Espirito Santo S.A. 2.625%, 05/08/17 (EUR) (d)		400,000		64,162
4.750%, 01/15/18 (EUR) (d)		1,000,000		160,406
Bank of Cyprus PcL 2.500%, 5Y EUR Swap + 2.785%, 06/24/27 (EUR) (b)		100,000		95,687
Citigroup, Inc. 4.000%, 5Y H15 + 3.597%, 12/10/25 (b)		370,000		355,200
4.150%, 5Y H15 + 3.000%, 11/15/26 (b)		10,000		9,369
Deutsche Bank AG 4.000%, 06/24/32 (EUR)		100,000		110,740
6.750%, 5Y EUR Swap + 5.692%, 10/30/28 (EUR) (b)		200,000		226,228
First-Citizens Bank & Trust Co. 6.000%, 04/01/36		1,604,000		1,802,505
Goldman Sachs Group, Inc. (The) 4.950%, 5Y H15 + 3.224%, 02/10/25 (b)		1,490,000		1,487,169
Intesa Sanpaolo S.p.A. 4.198%, 1Y H15 + 2.600%, 06/01/32 (144A) (b)		415,000		366,864
4.950%, 1Y H15 + 2.750%, 06/01/42 (144A) (b)		305,000		260,943
5.148%, 06/10/30 (GBP)		100,000		135,301
JPMorgan Chase & Co. 4.600%, SOFR + 3.125%, 02/01/25 (b)		539,000		519,461
5.000%, SOFR + 3.380%, 08/01/24 (b)		1,401,000		1,396,342
Volkswagen International Finance NV 4.375%, 03/28/31 (EUR)		100,000		110,167
Wells Fargo & Co. 3.900%, 5Y H15 + 3.453%, 03/15/26 (b)		890,000		853,109
				8,664,218
Biotechnology—0.0%
Cidron Aida Finco S.a.r.l 5.000%, 04/01/28 (EUR)		100,000		103,592
6.250%, 04/01/28 (GBP)		100,000		122,498

BHFTI-58

Brighthouse Funds Trust I

BlackRock High Yield Portfolio

Schedule of Investments as of March 31, 2022 (Unaudited)

Corporate Bonds & Notes—(Continued)

Security Description	Principal Amount*		Value
Biotechnology—(Continued)
Grifols Escrow Issuer S.A. 3.875%, 10/15/28 (EUR)		100,000	$	105,027
				331,117
Building Materials—0.9%
Cemex S.A.B. de C.V. 3.125%, 03/19/26 (EUR)		100,000		109,734
Cornerstone Building Brands, Inc. 6.125%, 01/15/29 (144A)		1,180,000		1,095,099
CP Atlas Buyer, Inc. 7.000%, 12/01/28 (144A) (a)		917,000		781,871
HT Troplast GmbH 9.250%, 07/15/25 (EUR)		100,000		110,350
JELD-WEN, Inc. 4.625%, 12/15/25 (144A)		128,000		123,200
4.875%, 12/15/27 (144A) (a)		40,000		38,300
6.250%, 05/15/25 (144A) (a)		326,000		335,901
Masonite International Corp. 3.500%, 02/15/30 (144A) (a)		574,000		515,882
5.375%, 02/01/28 (144A)		180,000		181,350
New Enterprise Stone & Lime Co., Inc. 5.250%, 07/15/28 (144A)		222,000		213,426
9.750%, 07/15/28 (144A)		284,000		286,485
PCF GmbH 4.750%, 3M EURIBOR + 4.750%, 04/15/26 (EUR) (b)		200,000		215,245
SRM Escrow Issuer LLC 6.000%, 11/01/28 (144A) (a)		1,995,000		1,967,589
Standard Industries, Inc. 3.375%, 01/15/31 (144A)		465,000		406,875
4.375%, 07/15/30 (144A) (a)		1,121,000		1,026,785
Summit Materials LLC / Summit Materials Finance Corp. 5.250%, 01/15/29 (144A)		382,000		377,225
Victors Merger Corp. 6.375%, 05/15/29 (144A) (a)		413,000		338,078
				8,123,395
Chemicals—1.8%
Ashland LLC 3.375%, 09/01/31 (144A)		943,000		832,197
Axalta Coating Systems LLC 3.375%, 02/15/29 (144A) (a)		1,404,000		1,234,397
Axalta Coating Systems LLC / Axalta Coating Systems Dutch Holding B BV 4.750%, 06/15/27 (144A)		631,000		607,050
Chemours Co. (The) 4.000%, 05/15/26 (EUR)		200,000		212,511
5.750%, 11/15/28 (144A) (a)		257,000		249,706
Diamond BC B.V. 4.625%, 10/01/29 (144A) (a)		843,000		756,592
Element Solutions, Inc. 3.875%, 09/01/28 (144A)		2,833,000		2,645,314
EverArc Escrow Sarl 5.000%, 10/30/29 (144A)		1,524,000		1,392,555
FIS - Fabbrica Italiana Sintetici S.p.A. 5.625%, 08/01/27 (EUR)		167,000		175,507
Chemicals—(Continued)
GCP Applied Technologies, Inc. 5.500%, 04/15/26 (144A)		458,000		463,725
HB Fuller Co. 4.250%, 10/15/28		229,000		214,390
Herens Holdco Sarl 4.750%, 05/15/28 (144A)		953,000		854,584
Herens Midco Sarl 5.250%, 05/15/29 (EUR)		100,000		94,452
Illuminate Buyer LLC / Illuminate Holdings IV, Inc. 9.000%, 07/01/28 (144A)		1,017,000		1,029,712
Ingevity Corp. 3.875%, 11/01/28 (144A)		191,000		172,632
Kobe U.S. Midco 2, Inc. 9.250%, 10.000% PIK, 11/01/26 (144A) (c)		641,000		621,770
LSF11 A5 HoldCo LLC 6.625%, 10/15/29 (144A) (a)		312,000		290,269
Lune Holdings Sarl 5.625%, 11/15/28 (EUR)		100,000		98,884
Minerals Technologies, Inc. 5.000%, 07/01/28 (144A)		365,000		347,663
Monitchem HoldCo 3 S.A. 5.250%, 03/15/25 (EUR)		100,000		108,412
Nobian Finance B.V. 3.625%, 07/15/26 (EUR)		100,000		100,428
NOVA Chemicals Corp. 4.875%, 06/01/24 (144A)		161,000		162,810
PMHC II, Inc. 9.000%, 02/15/30 (144A)		230,000		202,400
SCIH Salt Holdings, Inc. 6.625%, 05/01/29 (144A) (a)		371,000		333,030
SCIL IV LLC / SCIL USA Holdings LLC 5.375%, 11/01/26 (144A)		662,000		609,040
SPCM S.A. 3.125%, 03/15/27 (144A)		259,000		238,280
WR Grace Holdings LLC 5.625%, 08/15/29 (144A)		3,669,000		3,430,882
				17,479,192
Commercial Services—4.3%
Albion Financing 1 Sarl / Aggreko Holdings, Inc. 6.125%, 10/15/26 (144A)		481,000		464,165
Allied Universal Holdco LLC / Allied Universal Finance Corp. 6.000%, 06/01/29 (144A) (a)		2,718,000		2,397,724
6.625%, 07/15/26 (144A)		3,454,000		3,494,861
9.750%, 07/15/27 (144A)		1,624,000		1,678,599
Allied Universal Holdco LLC/Allied Universal Finance Corp./Atlas Luxco 4 Sarl 3.625%, 06/01/28 (EUR)		100,000		100,945
4.625%, 06/01/28 (144A) (a)		4,028,000		3,789,268
4.875%, 06/01/28 (GBP)		100,000		119,864
AMN Healthcare, Inc. 4.000%, 04/15/29 (144A)		212,000		196,376
APi Escrow Corp. 4.750%, 10/15/29 (144A)		276,000		256,335
APi Group DE, Inc. 4.125%, 07/15/29 (144A)		352,000		324,403

BHFTI-59

Brighthouse Funds Trust I

BlackRock High Yield Portfolio

Schedule of Investments as of March 31, 2022 (Unaudited)

Corporate Bonds & Notes—(Continued)

Security Description	Principal Amount*		Value
Commercial Services—(Continued)
APX Group, Inc. 5.750%, 07/15/29 (144A) (a)		718,000	$	655,053
6.750%, 02/15/27 (144A)		590,000		603,098
Autostrade per l’Italia S.p.A. 1.625%, 01/25/28 (EUR)		100,000		106,096
2.000%, 12/04/28 (EUR)		131,000		140,954
2.000%, 01/15/30 (EUR)		200,000		208,432
Avis Budget Car Rental LLC / Avis Budget Finance, Inc. 5.375%, 03/01/29 (144A) (a)		265,000		261,083
BCP V Modular Services Finance II plc 4.750%, 11/30/28 (EUR)		200,000		211,724
6.125%, 11/30/28 (GBP)		100,000		124,521
Block, Inc. 3.500%, 06/01/31 (144A) (a)		1,955,000		1,788,825
Brink’s Co. (The) 5.500%, 07/15/25 (144A)		100,000		100,783
Castor S.p.A. 5.250%, 3M EURIBOR + 5.250%, 02/15/29 (EUR) (b)		100,000		110,017
CoreLogic, Inc. 4.500%, 05/01/28 (144A) (a)		1,216,000		1,146,445
EC Finance plc 3.000%, 10/15/26 (EUR)		200,000		216,842
Garda World Security Corp. 4.625%, 02/15/27 (144A)		641,000		614,366
9.500%, 11/01/27 (144A)		444,000		455,100
Gartner, Inc. 3.625%, 06/15/29 (144A)		340,000		318,750
3.750%, 10/01/30 (144A) (a)		732,000		687,165
4.500%, 07/01/28 (144A) (a)		189,000		188,290
Graham Holdings Co. 5.750%, 06/01/26 (144A)		80,000		82,156
HealthEquity, Inc. 4.500%, 10/01/29 (144A) (a)		1,079,000		1,022,352
Herc Holdings, Inc. 5.500%, 07/15/27 (144A) (a)		546,000		553,644
Hertz Corp. (The) 4.625%, 12/01/26 (144A)		346,000		323,103
5.000%, 12/01/29 (144A)		553,000		500,465
IPD 3 B.V. 5.500%, 12/01/25 (EUR)		100,000		110,503
La Financiere Atalian SASU 5.125%, 05/15/25 (EUR)		200,000		196,815
Legends Hospitality Holding Co. LLC / Legends Hospitality Co-Issuer, Inc. 5.000%, 02/01/26 (144A)		561,000		538,560
Loxam SAS 3.750%, 07/15/26 (EUR)		100,000		109,186
4.500%, 02/15/27 (EUR)		101,000		110,631
Metis Merger Sub LLC 6.500%, 05/15/29 (144A)		560,000		526,988
MPH Acquisition Holdings LLC 5.500%, 09/01/28 (144A)		705,000		675,824
Nesco Holdings II, Inc. 5.500%, 04/15/29 (144A)		593,000		582,623
Nielsen Finance LLC / Nielsen Finance Co. 5.625%, 10/01/28 (144A)		1,147,000		1,155,258
5.875%, 10/01/30 (144A)		449,000		450,123
Commercial Services—(Continued)
PECF USS Intermediate Holding III Corp. 8.000%, 11/15/29 (144A) (a)		620,000		598,300
Prime Security Services Borrower LLC / Prime Finance, Inc. 5.750%, 04/15/26 (144A)		233,000		237,701
6.250%, 01/15/28 (144A) (a)		235,000		229,970
Rekeep S.p.A. 7.250%, 02/01/26 (EUR)		100,000		115,050
Sabre GLBL, Inc. 7.375%, 09/01/25 (144A)		535,000		558,663
9.250%, 04/15/25 (144A)		1,088,000		1,206,195
Service Corp. International 4.000%, 05/15/31		1,622,000		1,508,995
5.125%, 06/01/29 (a)		52,000		52,915
Shift4 Payments LLC / Shift4 Payments Finance Sub, Inc. 4.625%, 11/01/26 (144A) (a)		849,000		825,652
Sotheby’s 7.375%, 10/15/27 (144A) (a)		2,021,000		2,069,686
Sotheby’s/Bidfair Holdings, Inc. 5.875%, 06/01/29 (144A)		1,022,000		988,785
Techem Verwaltungsgesellschaft 674 mbH 6.000%, 07/30/26 (EUR)		87,920		97,162
Techem Verwaltungsgesellschaft 675 mbH 2.000%, 07/15/25 (EUR)		100,000		106,239
United Rentals North America, Inc. 4.875%, 01/15/28 (a)		23,000		23,363
Verisure Holding AB 3.250%, 02/15/27 (EUR)		148,000		153,492
3.500%, 05/15/23 (EUR)		119,000		131,288
3.875%, 07/15/26 (EUR)		100,000		107,859
Verisure Midholding AB 5.250%, 02/15/29 (EUR)		100,000		101,919
Verscend Escrow Corp. 9.750%, 08/15/26 (144A)		3,813,000		3,965,520
				40,777,069
Computers—0.8%
Ahead DB Holdings LLC 6.625%, 05/01/28 (144A)		282,000		251,944
Banff Merger Sub, Inc. 8.375%, 09/01/26 (EUR)		100,000		110,155
Booz Allen Hamilton, Inc. 3.875%, 09/01/28 (144A)		726,000		700,801
4.000%, 07/01/29 (144A)		1,077,000		1,051,626
CA Magnum Holdings 5.375%, 10/31/26 (144A)		1,661,000		1,636,085
Centurion Bidco S.p.A. 5.875%, 09/30/26 (EUR)		100,000		107,448
Condor Merger Sub, Inc. 7.375%, 02/15/30 (144A)		1,504,000		1,442,697
Crowdstrike Holdings, Inc. 3.000%, 02/15/29		267,000		244,973
KBR, Inc. 4.750%, 09/30/28 (144A) (a)		397,000		387,051
NCR Corp. 5.000%, 10/01/28 (144A)		569,000		544,817
5.125%, 04/15/29 (144A)		359,000		345,121
6.125%, 09/01/29 (144A)		318,000		318,795

BHFTI-60

Brighthouse Funds Trust I

BlackRock High Yield Portfolio

Schedule of Investments as of March 31, 2022 (Unaudited)

Corporate Bonds & Notes—(Continued)

Security Description	Principal Amount*		Value
Computers—(Continued)
Science Applications International Corp. 4.875%, 04/01/28 (144A)		304,000	$	299,543
Tempo Acquisition LLC / Tempo Acquisition Finance Corp. 5.750%, 06/01/25 (144A)		534,000		538,673
				7,979,729
Cosmetics/Personal Care—0.1%
Coty, Inc. 3.875%, 04/15/26 (EUR)		137,000		147,199
Coty, Inc./HFC Prestige Products, Inc./HFC Prestige International U.S. LLC 4.750%, 01/15/29 (144A) (a)		413,000		385,376
				532,575
Distribution/Wholesale—0.1%
American Builders & Contractors Supply Co., Inc. 3.875%, 11/15/29 (144A)		128,000		119,360
4.000%, 01/15/28 (144A) (a)		44,000		42,270
BCPE Empire Holdings, Inc. 7.625%, 05/01/27 (144A)		283,000		266,643
H&E Equipment Services, Inc. 3.875%, 12/15/28 (144A) (a)		98,000		91,875
IAA, Inc. 5.500%, 06/15/27 (144A)		104,000		104,260
				624,408
Diversified Financial Services—2.0%
American Express Co. 3.550%, 5Y H15 + 2.854%, 09/15/26 (b)		1,985,000		1,808,931
Aretec Escrow Issuer, Inc. 7.500%, 04/01/29 (144A)		285,000		273,848
Castlelake Aviation Finance DAC 5.000%, 04/15/27 (144A)		206,000		183,855
Charles Schwab Corp. (The) 4.000%, 10Y H15 + 3.079%, 12/01/30 (b)		2,010,000		1,805,221
doValue S.p.A. 3.375%, 07/31/26 (EUR)		100,000		106,204
5.000%, 08/04/25 (EUR)		100,000		112,838
Enact Holdings, Inc. 6.500%, 08/15/25 (144A)		989,000		1,020,302
Encore Capital Group, Inc. 4.875%, 10/15/25 (EUR)		100,000		111,178
Garfunkelux Holdco 3 S.A. 7.750%, 11/01/25 (GBP)		200,000		260,759
Global Aircraft Leasing Co., Ltd. 6.500%, 7.250% PIK, 09/15/24 (144A) (a) (c)		735,562		668,284
Home Point Capital, Inc. 5.000%, 02/01/26 (144A)		510,000		417,848
Intrum AB 3.500%, 07/15/26 (EUR)		101,000		106,933
Jefferies Finance LLC / JFIN Co-Issuer Corp. 5.000%, 08/15/28 (144A)		880,000		842,582
Jerrold Finco plc 5.250%, 01/15/27 (GBP)		100,000		126,176
Diversified Financial Services—(Continued)
Kane Bidco, Ltd. 5.000%, 02/15/27 (EUR)		100,000		108,059
6.500%, 02/15/27 (GBP)		100,000		127,771
Lehman Brothers Holdings, Inc. Zero Coupon, 02/05/14 (EUR) (d)		4,500,000		32,358
4.750%, 01/16/14 (EUR) (d)		2,140,000		15,388
5.375%, 10/17/12 (EUR) (d)		350,000		2,517
Nationstar Mortgage Holdings, Inc. 5.125%, 12/15/30 (144A)		208,000		192,400
5.750%, 11/15/31 (144A)		272,000		259,409
6.000%, 01/15/27 (144A)		594,000		604,454
Navient Corp. 5.500%, 03/15/29 (a)		757,000		704,956
5.875%, 10/25/24		149,000		152,001
7.250%, 09/25/23		131,000		136,076
NFP Corp. 4.875%, 08/15/28 (144A)		1,164,000		1,111,620
6.875%, 08/15/28 (144A)		4,728,000		4,515,240
OneMain Finance Corp. 3.500%, 01/15/27		306,000		283,050
4.000%, 09/15/30		372,000		328,290
5.375%, 11/15/29		261,000		253,580
6.625%, 01/15/28		474,000		496,515
6.875%, 03/15/25		185,000		194,531
7.125%, 03/15/26		547,000		584,683
Rocket Mortgage LLC / Rocket Mortgage Co-Issuer, Inc. 2.875%, 10/15/26 (144A)		360,000		330,532
SLM Corp. 3.125%, 11/02/26		481,000		446,128
VistaJet Malta Finance plc / XO Management Holding, Inc. 6.375%, 02/01/30 (144A) (a)		457,000		429,975
				19,154,492
Electric—1.6%
Calpine Corp. 3.750%, 03/01/31 (144A)		3,000		2,685
4.500%, 02/15/28 (144A)		258,000		251,674
4.625%, 02/01/29 (144A) (a)		54,000		49,680
5.000%, 02/01/31 (144A) (a)		77,000		70,070
5.125%, 03/15/28 (144A) (a)		1,658,000		1,579,378
5.250%, 06/01/26 (144A)		27,000		27,135
Clearway Energy Operating LLC 3.750%, 01/15/32 (144A)		724,000		666,080
4.750%, 03/15/28 (144A)		445,000		446,927
Edison International 5.000%, 5Y H15 + 3.901%, 12/15/26 (b)		480,000		450,480
5.375%, 5Y H15 + 4.698%, 03/15/26 (a) (b)		1,100,000		1,061,225
Electricite de France S.A. 2.875%, 5Y EUR Swap + 3.373%, 12/15/26 (EUR) (b)		200,000		205,723
3.000%, 5Y EUR Swap + 3.198%, 09/03/27 (EUR) (b)		200,000		205,209
FirstEnergy Corp. 2.250%, 09/01/30		51,000		45,135
2.650%, 03/01/30		680,000		617,368
3.400%, 03/01/50		3,000,000		2,526,870
7.375%, 11/15/31		541,000		667,248

BHFTI-61

Brighthouse Funds Trust I

BlackRock High Yield Portfolio

Schedule of Investments as of March 31, 2022 (Unaudited)

Corporate Bonds & Notes—(Continued)

Security Description	Principal Amount*		Value
Electric—(Continued)
FirstEnergy Transmission LLC 4.550%, 04/01/49 (144A)		403,000	$	385,022
5.450%, 07/15/44 (144A)		1,075,000		1,171,966
Naturgy Finance B.V. 2.374%, 5Y EUR Swap + 2.437%, 11/23/26 (EUR) (b)		100,000		101,701
NextEra Energy Operating Partners L.P. 4.250%, 09/15/24 (144A)		12,000		12,090
NRG Energy, Inc. 3.625%, 02/15/31 (144A)		694,000		610,435
3.875%, 02/15/32 (144A)		654,000		575,520
Pattern Energy Operations L.P. / Pattern Energy Operations, Inc. 4.500%, 08/15/28 (144A)		890,000		875,591
PG&E Corp. 5.250%, 07/01/30		389,000		377,291
Public Power Corp. S.A. 3.375%, 07/31/28 (EUR)		100,000		100,502
3.875%, 03/30/26 (EUR)		100,000		105,463
Vistra Corp. 7.000%, 5Y H15 + 5.740%, 12/15/26 (144A) (b)		657,000		639,754
8.000%, 5Y H15 + 6.930%, 10/15/26 (144A) (b)		913,000		922,121
Vistra Operations Co. LLC 4.375%, 05/01/29 (144A)		596,000		563,220
				15,313,563
Electrical Components & Equipment—0.3%
Energizer Holdings, Inc. 4.375%, 03/31/29 (144A)		40,000		35,020
4.750%, 06/15/28 (144A)		255,000		231,610
6.500%, 12/31/27 (144A)		326,000		322,740
WESCO Distribution, Inc. 7.125%, 06/15/25 (144A)		400,000		416,128
7.250%, 06/15/28 (144A)		1,363,000		1,447,690
				2,453,188
Electronics—0.5%
II-VI, Inc. 5.000%, 12/15/29 (144A)		950,000		928,625
Imola Merger Corp. 4.750%, 05/15/29 (144A)		1,489,000		1,433,847
Sensata Technologies B.V. 4.000%, 04/15/29 (144A) (a)		1,165,000		1,109,348
5.625%, 11/01/24 (144A)		161,000		166,434
Sensata Technologies, Inc. 3.750%, 02/15/31 (144A)		200,000		185,000
4.375%, 02/15/30 (144A)		1,172,000		1,120,836
				4,944,090
Energy-Alternate Sources—0.0%
TerraForm Power Operating LLC 4.250%, 01/31/23 (144A)		203,000		202,492
4.750%, 01/15/30 (144A)		195,000		190,184
				392,676
Engineering & Construction—0.2%
Abertis Infraestructuras Finance B.V. 3.248%, 5Y EUR Swap + 3.694%, 11/24/25 (EUR) (b)		100,000		108,181
Arcosa, Inc. 4.375%, 04/15/29 (144A)		953,000		904,159
Brand Industrial Services, Inc. 8.500%, 07/15/25 (144A)		443,000		412,026
Dycom Industries, Inc. 4.500%, 04/15/29 (144A)		261,000		245,993
Heathrow Finance plc 4.625%, 09/01/29 (GBP) (e)		100,000		119,765
MasTec, Inc. 4.500%, 08/15/28 (144A) (a)		444,000		439,903
				2,230,027
Entertainment—4.0%
Affinity Gaming 6.875%, 12/15/27 (144A)		349,000		339,403
AMC Entertainment Holdings, Inc. 7.500%, 02/15/29 (144A)		646,000		627,754
10.000%, 06/15/26 (144A) (a)		994,738		893,419
Boyne USA, Inc. 4.750%, 05/15/29 (144A)		781,000		749,760
Caesars Entertainment, Inc. 4.625%, 10/15/29 (144A) (a)		1,484,000		1,387,540
6.250%, 07/01/25 (144A)		3,387,000		3,496,874
8.125%, 07/01/27 (144A) (a)		3,040,000		3,257,223
Caesars Resort Collection LLC / CRC Finco, Inc. 5.750%, 07/01/25 (144A)		691,000		705,224
CCM Merger, Inc. 6.375%, 05/01/26 (144A)		400,000		404,000
CDI Escrow Issuer, Inc. 5.750%, 04/01/30 (144A)		1,596,000		1,611,960
Cedar Fair L.P. / Canada’s Wonderland Co. / Magnum Management Corp. 5.500%, 05/01/25 (144A) (a)		1,828,000		1,877,201
6.500%, 10/01/28		122,000		124,135
Churchill Downs, Inc. 4.750%, 01/15/28 (144A)		428,000		415,160
5.500%, 04/01/27 (144A)		286,000		289,243
Cirsa Finance International Sarl 4.500%, 03/15/27 (EUR)		100,000		104,426
4.750%, 05/22/25 (EUR)		100,000		108,191
6.250%, 12/20/23 (EUR)		84,917		94,218
CPUK Finance, Ltd. 4.875%, 08/28/25 (GBP)		100,000		127,588
Gamma Bidco S.p.A. 6.250%, 07/15/25 (EUR)		100,000		111,593
International Game Technology plc 3.500%, 06/15/26 (EUR)		200,000		222,387
Lions Gate Capital Holdings LLC 5.500%, 04/15/29 (144A)		1,458,000		1,405,147
Live Nation Entertainment, Inc. 3.750%, 01/15/28 (144A)		110,000		103,387
4.750%, 10/15/27 (144A)		216,000		210,600
4.875%, 11/01/24 (144A)		76,000		76,305
6.500%, 05/15/27 (144A)		2,334,000		2,485,757

BHFTI-62

Brighthouse Funds Trust I

BlackRock High Yield Portfolio

Schedule of Investments as of March 31, 2022 (Unaudited)

Corporate Bonds & Notes—(Continued)

Security Description	Principal Amount*		Value
Entertainment—(Continued)
Magallanes, Inc. 5.141%, 03/15/52 (144A)		4,116,000	$	4,211,057
5.391%, 03/15/62 (144A)		2,470,000		2,551,703
Merlin Entertainments, Ltd. 5.750%, 06/15/26 (144A)		400,000		394,900
Midwest Gaming Borrower LLC / Midwest Gaming Finance Corp. 4.875%, 05/01/29 (144A)		662,000		610,271
Peninsula Pacific Entertainment LLC / Peninsula Pacific Entertainment Finance, Inc. 8.500%, 11/15/27 (144A)		605,000		669,281
Penn National Gaming, Inc. 4.125%, 07/01/29 (144A) (a)		196,000		175,459
Pinewood Finance Co., Ltd. 3.250%, 09/30/25 (GBP)		100,000		127,096
Powdr Corp. 6.000%, 08/01/25 (144A)		468,000		478,530
Premier Entertainment Sub LLC / Premier Entertainment Finance Corp. 5.625%, 09/01/29 (144A)		307,000		263,851
5.875%, 09/01/31 (144A)		315,000		268,900
Raptor Acquisition Corp / Raptor Co-Issuer LLC 4.875%, 11/01/26 (144A) (a)		471,000		452,396
Scientific Games International, Inc. 3.375%, 02/15/26 (EUR)		200,000		224,074
5.000%, 10/15/25 (144A)		522,000		535,050
7.000%, 05/15/28 (144A)		296,000		306,803
7.250%, 11/15/29 (144A)		290,000		303,775
8.250%, 03/15/26 (144A)		873,000		909,011
8.625%, 07/01/25 (144A)		435,000		457,294
Six Flags Theme Parks, Inc. 7.000%, 07/01/25 (144A)		1,521,000		1,587,544
Vail Resorts, Inc. 6.250%, 05/15/25 (144A)		333,000		343,949
WMG Acquisition Corp. 2.250%, 08/15/31 (EUR)		100,000		97,527
3.875%, 07/15/30 (144A) (a)		260,000		247,650
Wynn Resorts Finance LLC / Wynn Resorts Capital Corp. 5.125%, 10/01/29 (144A)		1,692,000		1,592,595
7.750%, 04/15/25 (144A)		452,000		469,022
				38,506,233
Environmental Control—0.8%
Clean Harbors, Inc. 5.125%, 07/15/29 (144A)		516,000		517,935
Covanta Holding Corp. 4.875%, 12/01/29 (144A)		537,000		512,674
5.000%, 09/01/30		373,000		353,417
GFL Environmental, Inc. 3.500%, 09/01/28 (144A)		76,000		71,352
3.750%, 08/01/25 (144A)		311,000		305,309
4.000%, 08/01/28 (144A) (a)		1,311,000		1,206,120
4.250%, 06/01/25 (144A)		233,000		231,532
4.375%, 08/15/29 (144A)		269,000		248,489
4.750%, 06/15/29 (144A)		1,134,000		1,078,717
5.125%, 12/15/26 (144A)		277,000		279,355
Environmental Control—(Continued)
Madison IAQ LLC 4.125%, 06/30/28 (144A)		143,000		131,795
5.875%, 06/30/29 (144A)		1,007,000		903,782
Stericycle, Inc. 3.875%, 01/15/29 (144A)		344,000		319,920
Tervita Corp. 11.000%, 12/01/25 (144A)		167,000		189,151
Waste Pro USA, Inc. 5.500%, 02/15/26 (144A)		1,172,000		1,107,634
				7,457,182
Food—1.9%
Albertsons Cos., Inc. / Safeway, Inc. / New Albertsons L.P. / Albertsons LLC 3.250%, 03/15/26 (144A)		769,000		726,720
4.625%, 01/15/27 (144A)		855,000		826,541
4.875%, 02/15/30 (144A)		278,000		270,703
5.875%, 02/15/28 (144A)		568,000		566,077
Bellis Acquisition Co. plc 3.250%, 02/16/26 (GBP)		200,000		242,411
Casino Guichard Perrachon S.A. 3.992%, 5Y EURIBOR ICE Swap + 3.819%, 01/31/24 (EUR) (b)		100,000		51,994
5.250%, 04/15/27 (EUR)		100,000		93,854
Chobani LLC / Chobani Finance Corp., Inc. 4.625%, 11/15/28 (144A) (a)		578,000		533,205
7.500%, 04/15/25 (144A) (a)		2,039,000		1,971,305
JBS USA LUX S.A. / JBS USA Food Co. / JBS USA Finance, Inc. 3.750%, 12/01/31 (144A)		1,032,000		957,939
Kraft Heinz Foods Co. 4.875%, 10/01/49		1,174,000		1,236,962
5.500%, 06/01/50		2,532,000		2,875,162
6.500%, 02/09/40		365,000		435,262
Lamb Weston Holdings, Inc. 4.125%, 01/31/30 (144A) (a)		459,000		428,630
4.375%, 01/31/32 (144A) (a)		642,000		599,769
4.875%, 05/15/28 (144A) (a)		91,000		91,000
Ocado Group plc 3.875%, 10/08/26 (GBP)		100,000		116,910
Performance Food Group, Inc. 4.250%, 08/01/29 (144A)		899,000		819,214
Picard Groupe SAS 3.875%, 07/01/26 (EUR)		100,000		107,276
Pilgrim’s Pride Corp. 3.500%, 03/01/32 (144A)		1,532,000		1,337,413
4.250%, 04/15/31 (144A)		92,000		85,100
Post Holdings, Inc. 4.500%, 09/15/31 (144A)		118,000		104,547
4.625%, 04/15/30 (144A)		73,000		65,733
5.500%, 12/15/29 (144A)		585,000		562,875
5.750%, 03/01/27 (144A)		2,000		2,010
Premier Foods Finance plc 3.500%, 10/15/26 (GBP)		100,000		122,023
Simmons Foods, Inc. 4.625%, 03/01/29 (144A) (a)		1,139,000		1,067,812

BHFTI-63

Brighthouse Funds Trust I

BlackRock High Yield Portfolio

Schedule of Investments as of March 31, 2022 (Unaudited)

Corporate Bonds & Notes—(Continued)

Security Description	Principal Amount*		Value
Food—(Continued)
U.S. Foods, Inc. 4.750%, 02/15/29 (144A)		993,000	$	947,074
6.250%, 04/15/25 (144A)		309,000		316,725
United Natural Foods, Inc. 6.750%, 10/15/28 (144A)		206,000		211,150
				17,773,396
Food Service—0.1%
Aramark Services, Inc. 5.000%, 04/01/25 (144A) (a)		579,000		580,111
6.375%, 05/01/25 (144A)		528,000		542,008
				1,122,119
Hand/Machine Tools—0.0%
IMA Industria Macchine Automatiche S.p.A 3.750%, 01/15/28 (EUR)		100,000		103,573
Healthcare-Products—0.9%
Avantor Funding, Inc. 3.875%, 11/01/29 (144A)		745,000		700,300
4.625%, 07/15/28 (144A)		2,260,000		2,235,140
Hologic, Inc. 3.250%, 02/15/29 (144A)		170,000		158,741
Mozart Debt Merger Sub, Inc. 5.250%, 10/01/29 (144A) (a)		2,180,000		2,026,681
Ortho-Clinical Diagnostics, Inc. / Ortho-Clinical Diagnostics S.A. 7.250%, 02/01/28 (144A)		2,551,000		2,627,530
7.375%, 06/01/25 (144A) (a)		780,000		803,400
Teleflex, Inc. 4.250%, 06/01/28 (144A)		435,000		423,581
				8,975,373
Healthcare-Services—4.2%
Acadia Healthcare Co., Inc. 5.000%, 04/15/29 (144A)		292,000		288,273
5.500%, 07/01/28 (144A)		436,000		438,180
AHP Health Partners, Inc. 5.750%, 07/15/29 (144A)		863,000		802,590
Akumin Escrow, Inc. 7.500%, 08/01/28 (144A)		158,000		125,610
Akumin, Inc. 7.000%, 11/01/25 (144A)		177,000		146,910
CAB SELAS 3.375%, 02/01/28 (EUR)		100,000		105,081
Cano Health LLC 6.250%, 10/01/28 (144A) (a)		343,000		329,280
Catalent Pharma Solutions, Inc. 2.375%, 03/01/28 (EUR)		186,000		192,175
3.125%, 02/15/29 (144A)		362,000		329,027
3.500%, 04/01/30 (144A)		504,000		459,900
5.000%, 07/15/27 (144A)		82,000		82,956
Centene Corp. 2.450%, 07/15/28		1,661,000		1,517,656
2.500%, 03/01/31		5,232,000		4,617,397
Healthcare-Services—(Continued)
Centene Corp. 2.625%, 08/01/31		1,142,000		1,016,380
3.000%, 10/15/30		2,100,000		1,928,787
4.250%, 12/15/27		179,000		179,671
4.625%, 12/15/29		1,357,000		1,367,978
Charles River Laboratories International, Inc. 3.750%, 03/15/29 (144A)		88,000		82,999
4.000%, 03/15/31 (144A)		249,000		233,749
4.250%, 05/01/28 (144A)		88,000		86,020
Chrome Bidco SASU 3.500%, 05/31/28 (EUR)		100,000		105,691
CHS/Community Health Systems, Inc. 5.625%, 03/15/27 (144A)		913,000		929,831
6.000%, 01/15/29 (144A)		1,144,000		1,155,949
6.125%, 04/01/30 (144A) (a)		796,000		740,654
6.875%, 04/15/29 (144A) (a)		265,000		260,363
8.000%, 03/15/26 (144A)		2,628,000		2,736,852
DaVita, Inc. 4.625%, 06/01/30 (144A)		28,000		26,146
Encompass Health Corp. 4.500%, 02/01/28		161,000		157,780
4.625%, 04/01/31		504,000		471,764
4.750%, 02/01/30		1,017,000		976,320
HCA, Inc. 3.500%, 09/01/30		2,045,000		1,975,600
4.625%, 03/15/52 (144A)		810,000		816,294
5.375%, 02/01/25		38,000		39,539
5.625%, 09/01/28		1,548,000		1,673,775
5.875%, 02/15/26		65,000		69,128
5.875%, 02/01/29		153,000		167,260
IQVIA, Inc. 5.000%, 10/15/26 (144A)		299,000		304,233
Korian S.A. 4.125%, 5Y UKG + 9.079%, 03/15/24 (GBP) (b)		100,000		120,519
Legacy LifePoint Health LLC 4.375%, 02/15/27 (144A) (a)		161,000		155,541
6.750%, 04/15/25 (144A)		412,000		425,691
LifePoint Health, Inc. 5.375%, 01/15/29 (144A) (a)		690,000		651,969
ModivCare Escrow Issuer, Inc. 5.000%, 10/01/29 (144A) (a)		255,000		237,714
ModivCare, Inc. 5.875%, 11/15/25 (144A)		170,000		171,646
Molina Healthcare, Inc. 3.875%, 11/15/30 (144A)		588,000		564,480
3.875%, 05/15/32 (144A)		552,000		524,924
4.375%, 06/15/28 (144A) (a)		403,000		398,817
Prime Healthcare Services, Inc. 7.250%, 11/01/25 (144A)		1,348,000		1,381,687
RegionalCare Hospital Partners Holdings, Inc. / LifePoint Health, Inc. 9.750%, 12/01/26 (144A)		235,000		245,822
Surgery Center Holdings, Inc. 6.750%, 07/01/25 (144A) (a)		1,440,000		1,434,600
10.000%, 04/15/27 (144A)		877,000		920,850

BHFTI-64

Brighthouse Funds Trust I

BlackRock High Yield Portfolio

Schedule of Investments as of March 31, 2022 (Unaudited)

Corporate Bonds & Notes—(Continued)

Security Description	Principal Amount*		Value
Healthcare-Services—(Continued)
Syneos Health, Inc. 3.625%, 01/15/29 (144A) (a)		1,172,000	$	1,082,635
Tenet Healthcare Corp. 4.250%, 06/01/29 (144A)		296,000		283,790
4.625%, 09/01/24 (144A)		336,000		338,300
4.625%, 06/15/28 (144A)		152,000		149,150
4.875%, 01/01/26 (144A)		1,312,000		1,323,480
5.125%, 11/01/27 (144A)		1,279,000		1,285,018
6.125%, 10/01/28 (144A)		746,000		758,122
6.250%, 02/01/27 (144A)		96,000		98,553
				39,491,106
Home Builders—0.7%
Ashton Woods USA LLC / Ashton Woods Finance Co. 4.625%, 08/01/29 (144A)		270,000		238,094
4.625%, 04/01/30 (144A) (a)		397,000		345,854
6.625%, 01/15/28 (144A)		145,000		148,560
Brookfield Residential Properties, Inc. / Brookfield Residential U.S. Corp. 4.875%, 02/15/30 (144A)		804,000		719,029
5.000%, 06/15/29 (144A)		548,000		497,589
Forestar Group, Inc. 3.850%, 05/15/26 (144A)		268,000		249,910
Installed Building Products, Inc. 5.750%, 02/01/28 (144A)		273,000		266,175
K Hovnanian Enterprises, Inc. 7.750%, 02/15/26 (144A) (a)		710,000		733,075
10.000%, 11/15/25 (144A)		178,000		188,235
Mattamy Group Corp. 4.625%, 03/01/30 (144A) (a)		368,000		345,666
5.250%, 12/15/27 (144A)		310,000		305,998
Meritage Homes Corp. 5.125%, 06/06/27		129,000		130,284
New Home Co., Inc. (The) 7.250%, 10/15/25 (144A)		160,000		154,691
Picasso Finance Sub, Inc. 6.125%, 06/15/25 (144A)		645,000		655,481
Taylor Morrison Communities, Inc. 5.125%, 08/01/30 (144A)		88,000		86,020
5.875%, 06/15/27 (144A)		26,000		27,040
Thor Industries, Inc. 4.000%, 10/15/29 (144A) (a)		464,000		407,346
Toll Brothers Finance Corp. 4.350%, 02/15/28		29,000		29,136
Tri Pointe Homes, Inc. 5.250%, 06/01/27		174,000		172,767
5.700%, 06/15/28		120,000		119,794
5.875%, 06/15/24		107,000		111,143
Williams Scotsman International, Inc. 4.625%, 08/15/28 (144A)		505,000		492,375
Winnebago Industries, Inc. 6.250%, 07/15/28 (144A)		294,000		297,308
				6,721,570
Home Furnishings—0.1%
Tempur Sealy International, Inc. 3.875%, 10/15/31 (144A)		762,000		653,415
4.000%, 04/15/29 (144A)		693,000		629,469
				1,282,884
Household Products/Wares—0.2%
Central Garden & Pet Co. 4.125%, 10/15/30 (a)		656,000		592,040
4.125%, 04/30/31 (144A)		506,000		455,400
Spectrum Brands, Inc. 3.875%, 03/15/31 (144A) (a)		187,000		164,971
5.000%, 10/01/29 (144A) (a)		219,000		206,018
5.500%, 07/15/30 (144A)		113,000		108,480
				1,526,909
Housewares—0.3%
CD&R Smokey Buyer, Inc. 6.750%, 07/15/25 (144A)		877,000		901,117
Newell Brands, Inc. 4.875%, 06/01/25		166,000		171,351
5.750%, 04/01/46		300,000		313,500
Scotts Miracle-Gro Co. (The) 4.000%, 04/01/31		658,000		573,766
4.375%, 02/01/32		72,000		63,763
SWF Escrow Issuer, Inc. 6.500%, 10/01/29 (144A) (a)		763,000		659,385
				2,682,882
Insurance—1.8%
Acrisure LLC / Acrisure Finance, Inc. 6.000%, 08/01/29 (144A)		616,000		569,572
Alliant Holdings Intermediate LLC / Alliant Holdings Co-Issuer 4.250%, 10/15/27 (144A)		3,036,000		2,920,237
5.875%, 11/01/29 (144A) (a)		3,320,000		3,191,350
6.750%, 10/15/27 (144A)		5,389,000		5,324,009
AmWINS Group, Inc. 4.875%, 06/30/29 (144A)		709,000		680,654
Ardonagh Midco 2 plc 11.500%, 12.750% PIK, 01/15/27 (144A) (a) (c)		240,819		255,268
BroadStreet Partners, Inc. 5.875%, 04/15/29 (144A)		140,000		130,550
Galaxy Bidco, Ltd. 6.500%, 07/31/26 (GBP)		100,000		129,066
GTCR AP Finance, Inc. 8.000%, 05/15/27 (144A)		584,000		590,804
Highlands Holdings Bond Issuer, Ltd. / Highlands Holdings Bond Co-Issuer, Inc. 7.625%, 8.375% PIK, 10/15/25 (144A) (a) (c)		10,468		10,511
HUB International, Ltd. 5.625%, 12/01/29 (144A)		144,000		137,520
7.000%, 05/01/26 (144A) (a)		2,036,000		2,059,526
MGIC Investment Corp. 5.250%, 08/15/28		332,000		327,986
Ryan Specialty Group LLC 4.375%, 02/01/30 (144A)		377,000		356,265

BHFTI-65

Brighthouse Funds Trust I

BlackRock High Yield Portfolio

Schedule of Investments as of March 31, 2022 (Unaudited)

Corporate Bonds & Notes—(Continued)

Security Description	Principal Amount*		Value
Insurance—(Continued)
Societa Cattolica di Assicurazioni S.p.A. 4.250%, 3M EURIBOR + 4.455%, 12/14/47 (EUR) (b)		100,000	$	114,347
				16,797,665
Internet—1.6%
Acuris Finance U.S., Inc. / Acuris Finance Sarl 5.000%, 05/01/28 (144A)		1,260,000		1,157,625
ANGI Group LLC 3.875%, 08/15/28 (144A)		820,000		694,655
Arches Buyer, Inc. 4.250%, 06/01/28 (144A) (a)		241,000		224,819
Cablevision Lightpath LLC 3.875%, 09/15/27 (144A)		359,000		335,665
5.625%, 09/15/28 (144A) (a)		532,000		485,450
Endurance International Group Holdings, Inc. 6.000%, 02/15/29 (144A)		272,000		234,608
Go Daddy Operating Co. LLC / GD Finance Co., Inc. 3.500%, 03/01/29 (144A)		317,000		291,472
5.250%, 12/01/27 (144A)		172,000		172,783
HSE Finance Sarl 5.625%, 10/15/26 (EUR)		100,000		104,679
Iliad S.A. 2.375%, 06/17/26 (EUR)		100,000		107,333
ION Trading Technologies Sarl 5.750%, 05/15/28 † (144A)		706,000		680,408
Match Group Holdings II LLC 3.625%, 10/01/31 (144A) (a)		1,117,000		999,084
4.125%, 08/01/30 (144A)		41,000		38,420
4.625%, 06/01/28 (144A)		9,000		8,719
MercadoLibre, Inc. 2.375%, 01/14/26		3,000		2,798
Northwest Fiber LLC / Northwest Fiber Finance Sub, Inc. 4.750%, 04/30/27 (144A)		839,000		796,631
6.000%, 02/15/28 (144A) (a)		533,000		467,868
10.750%, 06/01/28 (144A)		199,000		207,459
Rakuten Group, Inc. 4.250%, 5Y EUR Swap + 4.740%, 04/22/27 (EUR) (b)		200,000		191,215
Twitter, Inc. 3.875%, 12/15/27 (144A) (a)		839,000		814,879
5.000%, 03/01/30 (144A)		744,000		740,280
Uber Technologies, Inc. 4.500%, 08/15/29 (144A)		1,594,000		1,494,375
6.250%, 01/15/28 (144A) (a)		1,197,000		1,237,626
7.500%, 05/15/25 (144A)		1,685,000		1,758,297
7.500%, 09/15/27 (144A)		1,029,000		1,097,182
8.000%, 11/01/26 (144A)		624,000		663,125
United Group B.V. 4.000%, 11/15/27 (EUR)		150,000		153,326
4.625%, 08/15/28 (EUR)		100,000		103,369
4.875%, 07/01/24 (EUR)		100,000		110,209
				15,374,359
Investment Companies—0.4%
Blackstone Private Credit Fund 4.700%, 03/24/25 (144A)		1,106,000		1,122,143
Investment Companies—(Continued)
Compass Group Diversified Holdings LLC. 5.250%, 04/15/29 (144A)		534,000		501,960
Icahn Enterprises L.P. / Icahn Enterprises Finance Corp. 4.375%, 02/01/29		805,000		738,587
4.750%, 09/15/24		301,000		302,370
5.250%, 05/15/27		952,000		934,317
6.250%, 05/15/26		124,000		126,480
OWL Rock Core Income Corp. 5.500%, 03/21/25 (144A)		471,000		469,803
				4,195,660
Iron/Steel—0.6%
Allegheny Technologies, Inc. 4.875%, 10/01/29 (a)		277,000		262,510
5.125%, 10/01/31		313,000		293,509
Big River Steel LLC / BRS Finance Corp. 6.625%, 01/31/29 (144A)		2,932,000		3,076,313
Carpenter Technology Corp. 7.625%, 03/15/30		425,000		435,162
Commercial Metals Co. 4.125%, 01/15/30		197,000		183,949
4.375%, 03/15/32		210,000		195,038
thyssenKrupp AG 2.875%, 02/22/24 (EUR)		181,000		199,671
United States Steel Corp. 6.875%, 03/01/29 (a)		1,058,000		1,100,320
				5,746,472
Leisure Time—1.9%
Carnival Corp. 4.000%, 08/01/28 (144A)		4,081,000		3,795,330
5.750%, 03/01/27 (144A) (a)		2,642,000		2,519,583
6.000%, 05/01/29 (144A)		1,732,000		1,632,133
9.875%, 08/01/27 (144A)		927,000		1,024,632
10.125%, 02/01/26 (EUR)		134,000		165,418
10.500%, 02/01/26 (144A)		1,467,000		1,631,172
Life Time, Inc. 5.750%, 01/15/26 (144A)		666,000		665,327
8.000%, 04/15/26 (144A)		472,000		471,247
Lindblad Expeditions LLC 6.750%, 02/15/27 (144A)		491,000		492,227
MajorDrive Holdings IV LLC 6.375%, 06/01/29 (144A)		511,000		452,235
NCL Corp., Ltd. 5.875%, 03/15/26 (144A)		791,000		751,577
7.750%, 02/15/29 (144A) (a)		306,000		308,124
NCL Finance, Ltd. 6.125%, 03/15/28 (144A)		765,000		709,419
Royal Caribbean Cruises, Ltd. 5.375%, 07/15/27 (144A)		1,163,000		1,117,387
5.500%, 08/31/26 (144A)		311,000		302,230
5.500%, 04/01/28 (144A)		1,114,000		1,061,987
9.125%, 06/15/23 (144A)		362,000		376,933
10.875%, 06/01/23 (144A)		222,000		236,226
11.500%, 06/01/25 (144A)		286,000		314,274

BHFTI-66

Brighthouse Funds Trust I

BlackRock High Yield Portfolio

Schedule of Investments as of March 31, 2022 (Unaudited)

Corporate Bonds & Notes—(Continued)

Security Description	Principal Amount*		Value
Leisure Time—(Continued)
Viking Ocean Cruises Ship VII, Ltd. 5.625%, 02/15/29 (144A)		483,000	$	440,859
				18,468,320
Lodging—0.6%
Boyd Gaming Corp. 4.750%, 12/01/27 (a)		386,000		384,070
4.750%, 06/15/31 (144A) (a)		978,000		942,547
8.625%, 06/01/25 (144A) (a)		271,000		284,648
Hilton Domestic Operating Co., Inc. 4.000%, 05/01/31 (144A)		573,000		540,769
4.875%, 01/15/30		752,000		750,304
5.375%, 05/01/25 (144A)		131,000		133,869
5.750%, 05/01/28 (144A)		117,000		121,048
Hilton Worldwide Finance LLC / Hilton Worldwide Finance Corp. 4.875%, 04/01/27		361,000		363,435
MGM Resorts International 5.750%, 06/15/25		61,000		62,526
Station Casinos LLC 4.500%, 02/15/28 (144A)		422,000		400,261
4.625%, 12/01/31 (144A)		764,000		698,831
Wyndham Hotels & Resorts, Inc. 4.375%, 08/15/28 (144A)		314,000		302,225
Wynn Las Vegas LLC / Wynn Las Vegas Capital Corp. 5.250%, 05/15/27 (144A) (a)		426,000		412,155
				5,396,688
Machinery-Construction & Mining—0.4%
BWX Technologies, Inc. 4.125%, 06/30/28 (144A)		597,000		574,660
4.125%, 04/15/29 (144A) (a)		545,000		524,563
Terex Corp. 5.000%, 05/15/29 (144A)		839,000		804,156
Vertiv Group Corp. 4.125%, 11/15/28 (144A)		2,024,000		1,847,133
				3,750,512
Machinery-Diversified—0.9%
ATS Automation Tooling Systems, Inc. 4.125%, 12/15/28 (144A)		237,000		222,780
Clark Equipment Co. 5.875%, 06/01/25 (144A)		159,000		160,590
Colfax Corp. 6.375%, 02/15/26 (144A)		258,000		266,137
GrafTech Finance, Inc. 4.625%, 12/15/28 (144A)		736,000		684,421
Husky III Holding, Ltd. 13.000%, 13.750% PIK, 02/15/25 (144A) (a) (c)		720,000		748,800
Mueller Water Products, Inc. 4.000%, 06/15/29 (144A)		271,000		256,699
OT Merger Corp. 7.875%, 10/15/29 (144A) (a)		317,000		274,205
Machinery-Diversified—(Continued)
Renk AG 5.750%, 07/15/25 (EUR)		100,000		111,228
Schenck Process Holding GmbH 5.375%, 06/15/23 (EUR)		100,000		109,242
Stevens Holding Co., Inc. 6.125%, 10/01/26 (144A)		365,000		376,947
Titan Acquisition, Ltd. / Titan Co-Borrower LLC 7.750%, 04/15/26 (144A)		1,712,000		1,701,172
TK Elevator Holdco GmbH 6.625%, 07/15/28 (EUR)		90,000		97,701
7.625%, 07/15/28 (144A)		1,313,000		1,301,511
TK Elevator Midco GmbH 4.375%, 07/15/27 (EUR)		100,000		109,131
TK Elevator U.S. Newco, Inc. 5.250%, 07/15/27 (144A)		1,979,000		1,957,290
				8,377,854
Media—5.4%
Altice Financing S.A. 2.250%, 01/15/25 (EUR)		100,000		105,370
3.000%, 01/15/28 (EUR)		148,000		144,094
5.000%, 01/15/28 (144A)		958,000		858,703
5.750%, 08/15/29 (144A)		2,834,000		2,576,347
AMC Networks, Inc. 4.250%, 02/15/29 (a)		303,000		282,758
4.750%, 08/01/25 (a)		595,000		592,888
Block Communications, Inc. 4.875%, 03/01/28 (144A)		285,000		275,025
Cable One, Inc. 4.000%, 11/15/30 (144A)		303,000		279,433
CCO Holdings LLC / CCO Holdings Capital Corp. 4.250%, 02/01/31 (144A) (a)		2,326,000		2,110,845
4.250%, 01/15/34 (144A)		2,451,000		2,128,681
4.500%, 08/15/30 (144A) (a)		1,290,000		1,210,397
4.500%, 05/01/32		895,000		818,657
4.500%, 06/01/33 (144A)		682,000		612,095
4.750%, 03/01/30 (144A)		855,000		821,005
4.750%, 02/01/32 (144A)		670,000		623,931
5.000%, 02/01/28 (144A)		479,000		473,971
5.375%, 06/01/29 (144A)		557,000		557,000
Charter Communications Operating LLC / Charter Communications Operating Capital Corp. 5.250%, 04/01/53		658,000		662,438
5.500%, 04/01/63		658,000		661,897
CSC Holdings LLC 4.125%, 12/01/30 (144A)		1,289,000		1,130,279
4.500%, 11/15/31 (144A)		1,024,000		917,780
4.625%, 12/01/30 (144A) (a)		1,511,000		1,263,634
5.000%, 11/15/31 (144A) (a)		758,000		635,098
5.375%, 02/01/28 (144A)		223,000		216,435
5.750%, 01/15/30 (144A)		1,007,000		896,230
6.500%, 02/01/29 (144A)		287,000		289,279
Directv Financing LLC / Directv Financing Co-Obligor, Inc. 5.875%, 08/15/27 (144A)		1,302,000		1,280,843

BHFTI-67

Brighthouse Funds Trust I

BlackRock High Yield Portfolio

Schedule of Investments as of March 31, 2022 (Unaudited)

Corporate Bonds & Notes—(Continued)

Security Description	Principal Amount*		Value
Media—(Continued)
DISH DBS Corp. 5.000%, 03/15/23 (a)		1,318,000	$	1,322,666
5.125%, 06/01/29		1,278,000		1,088,332
5.250%, 12/01/26 (144A)		3,342,000		3,183,255
5.750%, 12/01/28 (144A)		2,647,000		2,504,724
5.875%, 07/15/22		1,627,000		1,635,102
GCI LLC 4.750%, 10/15/28 (144A)		189,000		184,513
iHeartCommunications, Inc. 8.375%, 05/01/27		90,667		93,745
LCPR Senior Secured Financing DAC 5.125%, 07/15/29 (144A) (a)		1,142,000		1,090,262
6.750%, 10/15/27 (144A)		1,373,000		1,410,483
Midcontinent Communications / Midcontinent Finance Corp. 5.375%, 08/15/27 (144A)		366,000		367,526
Radiate Holdco LLC / Radiate Finance, Inc. 4.500%, 09/15/26 (144A)		1,728,000		1,667,520
6.500%, 09/15/28 (144A) (a)		4,095,000		3,872,334
Scripps Escrow II, Inc. 3.875%, 01/15/29 (144A)		37,000		34,382
Sinclair Television Group, Inc. 4.125%, 12/01/30 (144A)		824,000		734,736
Sirius XM Radio, Inc. 3.125%, 09/01/26 (144A)		800,000		756,378
3.875%, 09/01/31 (144A)		1,397,000		1,271,270
4.000%, 07/15/28 (144A)		1,056,000		1,003,200
4.125%, 07/01/30 (144A) (a)		229,000		214,383
5.000%, 08/01/27 (144A)		330,000		329,175
Summer BidCo B.V. 9.000%, 9.750% PIK, 11/15/25 (EUR) (c)		104,875		115,323
Tele Columbus AG 3.875%, 05/02/25 (EUR)		209,000		214,217
Telenet Finance Luxembourg Notes S.a.r.l. 5.500%, 03/01/28 (144A)		800,000		772,000
Univision Communications, Inc. 5.125%, 02/15/25 (144A) (a)		248,000		248,208
6.625%, 06/01/27 (144A)		184,000		192,740
UPC Broadband Finco B.V. 4.875%, 07/15/31 (144A)		1,160,000		1,089,089
UPCB Finance VII, Ltd. 3.625%, 06/15/29 (EUR)		200,000		216,318
Videotron, Ltd. 3.625%, 06/15/29 (144A)		687,000		636,980
Virgin Media Vendor Financing Notes IV DAC 5.000%, 07/15/28 (144A)		1,272,000		1,221,120
VZ Secured Financing B.V. 3.500%, 01/15/32 (EUR)		100,000		101,554
Ziggo B.V. 4.875%, 01/15/30 (144A)		385,000		362,566
Ziggo Bond Co. B.V. 5.125%, 02/28/30 (144A)		248,000		230,796
6.000%, 01/15/27 (144A)		351,000		353,194
				50,943,204
Metal Fabricate/Hardware—0.1%
Advanced Drainage Systems, Inc. 5.000%, 09/30/27 (144A)		561,000		561,802
Roller Bearing Co. of America, Inc. 4.375%, 10/15/29 (144A)		335,000		312,388
Vallourec S.A. 8.500%, 06/30/26 (EUR)		69,000		78,079
				952,269
Mining—1.1%
Arconic Corp. 6.000%, 05/15/25 (144A) (a)		294,000		300,762
6.125%, 02/15/28 (144A)		805,000		807,709
Constellium SE 3.750%, 04/15/29 (144A) (a)		1,966,000		1,764,485
5.625%, 06/15/28 (144A) (a)		513,000		515,160
5.875%, 02/15/26 (144A)		325,000		325,000
ERO Copper Corp. 6.500%, 02/15/30 (144A)		441,000		429,975
Joseph T Ryerson & Son, Inc. 8.500%, 08/01/28 (144A)		250,000		270,625
Kaiser Aluminum Corp. 4.500%, 06/01/31 (144A)		330,000		297,525
4.625%, 03/01/28 (144A)		469,000		440,560
New Gold, Inc. 6.375%, 05/15/25 (144A)		177,000		176,558
7.500%, 07/15/27 (144A)		974,000		1,010,525
Novelis Corp. 3.250%, 11/15/26 (144A) (a)		1,219,000		1,164,486
3.875%, 08/15/31 (144A) (a)		1,294,000		1,183,570
4.750%, 01/30/30 (144A) (a)		976,000		947,564
Novelis Sheet Ingot GmbH 3.375%, 04/15/29 (EUR)		100,000		105,235
Vedanta Resources Finance II plc 8.950%, 03/11/25 (144A)		287,000		279,107
				10,018,846
Miscellaneous Manufacturing—0.1%
Amsted Industries, Inc. 5.625%, 07/01/27 (144A)		339,000		339,847
EnPro Industries, Inc. 5.750%, 10/15/26		161,000		164,796
Gates Global LLC / Gates Corp. 6.250%, 01/15/26 (144A)		453,000		453,424
				958,067
Office/Business Equipment—0.0%
Xerox Corp. 4.800%, 03/01/35		129,000		111,714
Oil & Gas—4.9%
Aethon United BR L.P. / Aethon United Finance Corp. 8.250%, 02/15/26 (144A)		1,231,000		1,277,409
Antero Resources Corp. 5.375%, 03/01/30 (144A) (a)		198,000		202,208
7.625%, 02/01/29 (144A)		326,000		352,383

BHFTI-68

Brighthouse Funds Trust I

BlackRock High Yield Portfolio

Schedule of Investments as of March 31, 2022 (Unaudited)

Corporate Bonds & Notes—(Continued)

Security Description	Principal Amount*		Value
Oil & Gas—(Continued)
Apache Corp. 4.250%, 01/15/30 (a)		649,000	$	654,202
5.100%, 09/01/40 (a)		1,038,000		1,045,785
5.250%, 02/01/42		134,000		133,330
5.350%, 07/01/49 (a)		371,000		357,088
Ascent Resources Utica Holdings LLC / ARU Finance Corp. 5.875%, 06/30/29 (144A)		239,000		236,154
9.000%, 11/01/27 (144A)		1,934,000		2,649,580
BP Capital Markets plc 4.250%, 5Y UKG + 4.170%, 03/22/27 (GBP) (b)		100,000		129,728
Callon Petroleum Co. 6.125%, 10/01/24		289,000		287,555
6.375%, 07/01/26		122,000		121,314
8.000%, 08/01/28 (144A) (a)		1,767,000		1,862,718
9.000%, 04/01/25 (144A)		2,155,000		2,284,300
Centennial Resource Production LLC 6.875%, 04/01/27 (144A) (a)		1,295,000		1,301,605
Chesapeake Energy Corp. 5.875%, 02/01/29 (144A)		42,000		43,365
6.750%, 04/15/29 (144A)		1,321,000		1,399,117
CITGO Petroleum Corp. 6.375%, 06/15/26 (144A)		581,000		584,585
7.000%, 06/15/25 (144A)		600,000		603,750
Civitas Resources, Inc. 5.000%, 10/15/26 (144A)		243,000		240,881
CNX Resources Corp. 6.000%, 01/15/29 (144A)		219,000		221,190
Colgate Energy Partners III LLC 5.875%, 07/01/29 (144A)		951,000		980,433
7.750%, 02/15/26 (144A)		298,000		317,671
Comstock Resources, Inc. 5.875%, 01/15/30 (144A)		1,360,000		1,340,008
6.750%, 03/01/29 (144A)		1,090,000		1,124,422
7.500%, 05/15/25 (144A)		352,000		357,280
CrownRock L.P. / CrownRock Finance, Inc. 5.625%, 10/15/25 (144A)		1,929,000		1,966,104
Diamondback Energy, Inc. 4.250%, 03/15/52		620,000		612,772
Great Western Petroleum LLC / Great Western Finance Corp. 12.000%, 09/01/25 (144A)		296,000		330,040
Gulfport Energy Corp. 8.000%, 05/17/26 (144A)		102,000		104,926
Harbour Energy plc 5.500%, 10/15/26 (144A)		215,000		212,313
Hilcorp Energy I L.P. / Hilcorp Finance Co. 6.250%, 11/01/28 (144A)		92,000		92,460
Independence Energy Finance LLC 7.250%, 05/01/26 (144A)		1,646,000		1,653,670
Matador Resources Co. 5.875%, 09/15/26 (a)		1,672,000		1,702,598
Murphy Oil Corp. 5.750%, 08/15/25		111,000		113,113
5.875%, 12/01/27		160,000		162,800
6.375%, 12/01/42		64,000		61,341
Oil & Gas—(Continued)
Nabors Industries, Ltd. 7.250%, 01/15/26 (144A)		151,000		151,000
7.375%, 05/15/27 (144A)		676,000		702,195
7.500%, 01/15/28 (144A) (a)		387,000		377,325
Neptune Energy Bondco plc 6.625%, 05/15/25 (144A)		400,000		402,196
Northern Oil and Gas, Inc. 8.125%, 03/01/28 (144A)		1,609,000		1,676,288
Occidental Petroleum Corp. 4.400%, 04/15/46		103,000		97,850
4.400%, 08/15/49		103,000		96,820
4.500%, 07/15/44		179,000		171,059
5.500%, 12/01/25		208,000		218,878
5.550%, 03/15/26		76,000		80,560
6.200%, 03/15/40		2,338,000		2,595,180
6.600%, 03/15/46		82,000		96,350
6.625%, 09/01/30		1,703,000		1,954,192
6.950%, 07/01/24		153,000		164,284
8.875%, 07/15/30		332,000		425,790
Parkland Corp. 5.875%, 07/15/27 (144A)		473,000		471,818
PDC Energy, Inc. 6.125%, 09/15/24		140,000		141,714
Range Resources Corp. 4.750%, 02/15/30 (144A) (a)		306,000		303,913
4.875%, 05/15/25		210,000		212,555
Repsol International Finance B.V. 3.750%, 5Y EUR Swap + 4.000%, 03/11/26 (EUR) (b)		100,000		111,455
Rockcliff Energy II LLC 5.500%, 10/15/29 (144A)		937,000		937,867
SM Energy Co. 5.625%, 06/01/25		185,000		184,769
6.500%, 07/15/28		323,000		333,313
6.625%, 01/15/27		95,000		97,390
6.750%, 09/15/26 (a)		337,000		346,529
10.000%, 01/15/25 (144A)		1,875,000		2,046,862
Southwestern Energy Co. 4.750%, 02/01/32		441,000		440,449
5.375%, 02/01/29		1,408,000		1,425,600
Sunoco L.P. / Sunoco Finance Corp. 5.875%, 03/15/28		282,000		284,820
6.000%, 04/15/27		131,000		133,456
Tap Rock Resouces LLC 7.000%, 10/01/26 (144A)		2,055,000		2,127,172
Transocean, Inc. 11.500%, 01/30/27 (144A)		330,000		340,725
UGI International LLC 2.500%, 12/01/29 (EUR)		100,000		93,367
				46,363,939
Oil & Gas Services—0.4%
Archrock Partners L.P. / Archrock Partners Finance Corp. 6.250%, 04/01/28 (144A)		779,000		767,775
6.875%, 04/01/27 (144A)		416,000		420,667

BHFTI-69

Brighthouse Funds Trust I

BlackRock High Yield Portfolio

Schedule of Investments as of March 31, 2022 (Unaudited)

Corporate Bonds & Notes—(Continued)

Security Description	Principal Amount*		Value
Oil & Gas Services—(Continued)
CGG S.A. 7.750%, 04/01/27 (EUR)		100,000	$	111,564
ChampionX Corp. 6.375%, 05/01/26		172,000		175,440
Saipem Finance International B.V. 2.625%, 01/07/25 (EUR)		100,000		103,333
U.S.A. Compression Partners L.P. / U.S.A. Compression Finance Corp. 6.875%, 04/01/26		511,000		515,599
6.875%, 09/01/27		704,000		706,703
Weatherford International, Ltd. 6.500%, 09/15/28 (144A)		37,000		38,248
8.625%, 04/30/30 (144A) (a)		587,000		596,010
				3,435,339
Packaging & Containers—1.9%
ARD Finance S.A. 6.500%, 7.250% PIK, 06/30/27 (144A) (c)		1,433,336		1,310,607
Ardagh Metal Packaging Finance U.S.A. LLC / Ardagh Metal Packaging Finance plc 4.000%, 09/01/29 (144A)		3,114,000		2,806,181
Ardagh Packaging Finance plc / Ardagh Holdings USA, Inc. 4.125%, 08/15/26 (144A)		685,000		659,946
4.750%, 07/15/27 (144A) (GBP)		151,000		180,658
5.250%, 04/30/25 (144A)		200,000		199,725
5.250%, 08/15/27 (144A) (a)		1,400,000		1,294,125
5.250%, 08/15/27 (144A)		572,000		528,743
Ball Corp. 2.875%, 08/15/30		87,000		77,999
3.125%, 09/15/31		1,035,000		924,979
Canpack S.A. / Canpack U.S. LLC 3.125%, 11/01/25 (144A)		249,000		228,458
Clydesdale Acquisition Holdings, Inc. 6.625%, 04/15/29 (144A)		1,046,000		1,057,767
8.750%, 04/15/30 (144A)		884,000		832,065
Crown Americas LLC / Crown Americas Capital Corp. 4.750%, 02/01/26		71,000		71,758
Crown Cork & Seal Co., Inc. 7.375%, 12/15/26		79,000		89,147
Intertape Polymer Group, Inc. 4.375%, 06/15/29 (144A)		354,000		364,620
LABL, Inc. 5.875%, 11/01/28 (144A)		773,000		724,688
Mauser Packaging Solutions Holding Co. 5.500%, 04/15/24 (144A)		1,054,000		1,049,813
OI European Group B.V. 2.875%, 02/15/25 (EUR)		100,000		108,406
3.125%, 11/15/24 (EUR)		100,000		110,042
Sealed Air Corp. 4.000%, 12/01/27 (144A)		179,000		174,525
Trivium Packaging Finance B.V. 5.500%, 08/15/26 (144A)		1,247,000		1,241,862
8.500%, 08/15/27 (144A) (a)		3,734,000		3,715,330
				17,751,444
Pharmaceuticals—2.0%
180 Medical, Inc. 3.875%, 10/15/29 (144A)		385,000		363,825
AdaptHealth LLC 5.125%, 03/01/30 (144A) (a)		137,000		127,239
6.125%, 08/01/28 (144A)		154,000		152,845
Bausch Health Americas, Inc. 8.500%, 01/31/27 (144A) (a)		643,000		641,245
Bausch Health Cos., Inc. 4.875%, 06/01/28 (144A)		287,000		274,803
5.000%, 02/15/29 (144A)		246,000		191,635
5.250%, 02/15/31 (144A)		62,000		48,258
6.125%, 02/01/27 (144A)		375,000		377,377
6.250%, 02/15/29 (144A)		439,000		359,980
7.000%, 01/15/28 (144A)		184,000		164,732
7.250%, 05/30/29 (144A)		1,387,000		1,183,014
9.000%, 12/15/25 (144A)		483,000		500,424
Cheplapharm Arzneimittel GmbH 3.500%, 02/11/27 (EUR)		100,000		107,583
4.375%, 01/15/28 (EUR)		100,000		109,247
5.500%, 01/15/28 (144A)		588,000		568,884
Elanco Animal Health, Inc. 6.400%, 08/28/28		20,000		21,450
Embecta Corp. 5.000%, 02/15/30 (144A)		276,000		260,325
6.750%, 02/15/30 (144A)		422,000		423,055
Endo DAC / Endo Finance LLC / Endo Finco, Inc. 9.500%, 07/31/27 (144A) (a)		1,437,000		1,260,967
Endo Luxembourg Finance Co. I S.a.r.l. 6.125%, 04/01/29 (144A)		1,228,000		1,120,550
Gruenenthal GmbH 4.125%, 05/15/28 (EUR)		200,000		215,166
Jazz Securities DAC 4.375%, 01/15/29 (144A)		868,000		840,875
Nidda Healthcare Holding GmbH 3.500%, 09/30/24 (EUR)		400,000		423,694
Option Care Health, Inc. 4.375%, 10/31/29 (144A) (a)		369,000		345,937
Organon & Co. / Organon Foreign Debt Co-Issuer BV 2.875%, 04/30/28 (EUR)		100,000		105,253
4.125%, 04/30/28 (144A)		1,436,000		1,368,084
5.125%, 04/30/31 (144A)		1,887,000		1,820,955
Owens & Minor, Inc. 6.625%, 04/01/30 (144A)		392,000		403,372
P&L Development LLC / PLD Finance Corp. 7.750%, 11/15/25 (144A)		701,000		644,920
Par Pharmaceutical, Inc. 7.500%, 04/01/27 (144A)		2,318,000		2,163,042
PRA Health Sciences, Inc. 2.875%, 07/15/26 (144A)		1,042,000		991,526
Prestige Brands, Inc. 3.750%, 04/01/31 (144A)		738,000		658,665
Rossini Sarl 6.750%, 10/30/25 (EUR)		141,000		159,662
Teva Pharmaceutical Finance Netherlands B.V. 7.125%, 01/31/25		394,000		414,464

BHFTI-70

Brighthouse Funds Trust I

BlackRock High Yield Portfolio

Schedule of Investments as of March 31, 2022 (Unaudited)

Corporate Bonds & Notes—(Continued)

Security Description	Principal Amount*		Value
Pharmaceuticals—(Continued)
Teva Pharmaceutical Finance Netherlands II B.V. 3.750%, 05/09/27 (EUR)		166,000	$	173,215
6.000%, 01/31/25 (EUR)		200,000		231,206
				19,217,474
Pipelines—5.1%
Antero Midstream Partners L.P. / Antero Midstream Finance Corp. 5.375%, 06/15/29 (144A)		546,000		545,443
5.750%, 03/01/27 (144A)		196,000		199,604
Buckeye Partners L.P. 4.125%, 03/01/25 (144A)		67,000		66,075
5.600%, 10/15/44		415,000		347,890
5.850%, 11/15/43		318,000		271,076
Cheniere Energy Partners L.P. 3.250%, 01/31/32 (144A)		2,999,000		2,726,961
4.000%, 03/01/31		1,432,000		1,388,166
4.500%, 10/01/29		1,105,000		1,110,525
Cheniere Energy, Inc. 4.625%, 10/15/28		4,911,000		4,927,452
CNX Midstream Partners L.P. 4.750%, 04/15/30 (144A)		255,000		238,800
CQP Holdco L.P. / BIP-V Chinook Holdco LLC 5.500%, 06/15/31 (144A)		2,438,000		2,395,091
Crestwood Midstream Partners L.P. / Crestwood Midstream Finance Corp. 5.625%, 05/01/27 (144A)		107,000		106,020
6.000%, 02/01/29 (144A)		80,000		79,700
8.000%, 04/01/29 (144A)		247,000		263,643
DCP Midstream Operating L.P. 5.600%, 04/01/44		14,000		14,711
6.450%, 11/03/36 (144A)		620,000		714,395
6.750%, 09/15/37 (144A) (a)		799,000		936,827
DT Midstream, Inc. 4.125%, 06/15/29 (144A)		1,083,000		1,038,386
4.375%, 06/15/31 (144A)		1,297,000		1,241,877
Energy Transfer L.P. 6.500%, 5Y H15 + 5.694%, 11/15/26 (b)		1,710,000		1,680,588
EnLink Midstream LLC 5.375%, 06/01/29 (a)		394,000		393,015
5.625%, 01/15/28 (144A) (a)		543,000		553,860
EnLink Midstream Partners L.P. 4.150%, 06/01/25		39,000		38,865
4.400%, 04/01/24		429,000		434,601
4.850%, 07/15/26		55,000		55,000
5.050%, 04/01/45		67,000		54,103
5.450%, 06/01/47		169,000		142,383
5.600%, 04/01/44		505,000		435,562
EQM Midstream Partners L.P. 4.125%, 12/01/26		103,000		98,883
4.500%, 01/15/29 (144A)		333,000		311,355
4.750%, 01/15/31 (144A)		1,059,000		990,165
6.000%, 07/01/25 (144A)		554,000		565,105
6.500%, 07/01/27 (144A)		783,000		817,875
Genesis Energy L.P. / Genesis Energy Finance Corp. 6.500%, 10/01/25		111,000		109,479
7.750%, 02/01/28		246,000		247,305
Pipelines—(Continued)
Harvest Midstream I L.P. 7.500%, 09/01/28 (144A)		131,000		133,801
Hess Midstream Operations L.P. 4.250%, 02/15/30 (144A)		650,000		613,340
ITT Holdings LLC 6.500%, 08/01/29 (144A)		917,000		847,051
MPLX L.P. 4.950%, 03/14/52		1,185,000		1,233,679
New Fortress Energy, Inc. 6.500%, 09/30/26 (144A)		2,301,000		2,279,762
6.750%, 09/15/25 (144A)		1,999,000		2,010,814
NGL Energy Operating LLC / NGL Energy Finance Corp. 7.500%, 02/01/26 (144A)		420,000		413,150
NGPL PipeCo LLC 7.768%, 12/15/37 (144A)		691,000		867,223
NuStar Logistics L.P. 5.750%, 10/01/25		302,000		307,662
6.000%, 06/01/26		239,000		241,688
6.375%, 10/01/30		53,000		53,718
Rubis Terminal Infra SAS 5.625%, 05/15/25 (EUR)		102,000		115,658
Summit Midstream Holdings LLC / Summit Midstream Finance Corp. 8.500%, 10/15/26 (144A) (a)		275,000		262,221
Tallgrass Energy Partners L.P. / Tallgrass Energy Finance Corp. 6.000%, 03/01/27 (144A)		115,000		114,558
6.000%, 12/31/30 (144A)		79,000		76,658
6.000%, 09/01/31 (144A)		292,000		281,123
Targa Resources Corp. 4.950%, 04/15/52		675,000		687,698
Venture Global Calcasieu Pass LLC 3.875%, 08/15/29 (144A)		2,284,000		2,220,345
3.875%, 11/01/33 (144A)		4,660,000		4,456,125
4.125%, 08/15/31 (144A)		1,912,000		1,875,959
Western Midstream Operating L.P. 4.550%, 02/01/30		222,000		220,890
4.750%, 08/15/28		84,000		86,699
5.300%, 03/01/48		832,000		823,680
5.450%, 04/01/44		826,000		837,366
5.500%, 08/15/48		243,000		239,962
5.750%, 02/01/50		1,920,000		1,872,000
				48,713,616
Real Estate—0.6%
ADLER Group S.A. 2.750%, 11/13/26 (EUR)		200,000		184,565
3.250%, 08/05/25 (EUR)		200,000		193,749
Aroundtown S.A. 3.375%, 5Y EUR Swap + 3.980%, 09/23/24 (EUR) (b)		100,000		108,551
Citycon Oyj 4.496%, 5Y EUR Swap + 4.711%, 11/24/24 (EUR) (b)		100,000		102,881
Cushman and Wakefield U.S. Borrower LLC 6.750%, 05/15/28 (144A)		656,000		685,520
DIC Asset AG 2.250%, 09/22/26 (EUR)		100,000		96,797
Fastighets AB Balder 2.873%, 5Y EUR Swap + 3.188%, 06/02/81 (EUR) (b)		100,000		96,802

BHFTI-71

Brighthouse Funds Trust I

BlackRock High Yield Portfolio

Schedule of Investments as of March 31, 2022 (Unaudited)

Corporate Bonds & Notes—(Continued)

Security Description	Principal Amount*		Value
Real Estate—(Continued)
Five Point Operating Co. L.P. / Five Point Capital Corp. 7.875%, 11/15/25 (144A)		200,000	$	204,660
Heimstaden Bostad AB 2.625%, 5Y EUR Swap + 3.149%, 02/01/27 (EUR) (b)		100,000		93,452
3.000%, 5Y EUR Swap + 3.268%, 10/29/27 (EUR) (b)		100,000		92,633
3.375%, 5Y EUR Swap + 3.914%, 01/15/26 (EUR) (b)		100,000		100,693
Howard Hughes Corp. (The) 4.125%, 02/01/29 (144A) (a)		382,000		358,415
4.375%, 02/01/31 (144A)		308,000		289,520
5.375%, 08/01/28 (144A)		141,000		141,561
Kennedy-Wilson, Inc. 4.750%, 02/01/30		371,000		352,788
Realogy Group LLC / Realogy Co-Issuer Corp. 5.250%, 04/15/30 (144A)		377,000		346,840
5.750%, 01/15/29 (144A) (a)		679,000		639,957
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		617,422
WeWork Cos. LLC / WW Co-Obligor, Inc. 5.000%, 07/10/25 (144A)		890,000		748,143
				5,454,949
Real Estate Investment Trusts—2.7%
Brookfield Property REIT, Inc. 4.500%, 04/01/27 (144A)		490,000		457,327
CTR Partnership L.P. / Caretrust Capital Corp. 3.875%, 06/30/28 (144A)		433,000		408,198
Diversified Healthcare Trust 9.750%, 06/15/25		474,000		498,885
Global Net Lease, Inc. / Global Net Lease Operating Partnership L.P. 3.750%, 12/15/27 (144A)		330,000		303,592
GLP Capital L.P. / GLP Financing II, Inc. 3.250%, 01/15/32		125,000		113,413
HAT Holdings I LLC / HAT Holdings II LLC 3.375%, 06/15/26 (144A) (a)		513,000		487,350
Iron Mountain Information Management Services, Inc. 5.000%, 07/15/32 (144A)		627,000		587,812
Iron Mountain UK plc 3.875%, 11/15/25 (GBP)		100,000		130,246
Iron Mountain, Inc. 5.250%, 07/15/30 (144A)		773,000		757,540
5.625%, 07/15/32 (144A)		380,000		374,406
Ladder Capital Finance Holdings LLLP / Ladder Capital Finance Corp. 4.250%, 02/01/27 (144A)		712,000		682,355
4.750%, 06/15/29 (144A)		365,000		344,241
MGM Growth Properties Operating Partnership L.P. / MGP Finance Co-Issuer, Inc. 3.875%, 02/15/29 (144A)		674,000		662,205
4.500%, 09/01/26		803,000		807,015
4.500%, 01/15/28		1,264,000		1,273,480
4.625%, 06/15/25 (144A)		768,000		773,760
5.625%, 05/01/24		170,000		175,012
5.750%, 02/01/27		405,000		427,781
Real Estate Investment Trusts—(Continued)
MPT Operating Partnership L.P. / MPT Finance Corp. 3.500%, 03/15/31		3,721,000		3,455,738
4.625%, 08/01/29 (a)		1,044,000		1,033,560
5.000%, 10/15/27 (a)		99,000		100,671
RHP Hotel Properties L.P. / RHP Finance Corp. 4.500%, 02/15/29 (144A)		566,000		532,040
4.750%, 10/15/27		1,017,000		978,649
RLJ Lodging Trust L.P. 3.750%, 07/01/26 (144A) (a)		353,000		335,350
4.000%, 09/15/29 (144A)		268,000		247,862
SBA Communications Corp. 3.875%, 02/15/27 (a)		1,359,000		1,325,603
Service Properties Trust 4.350%, 10/01/24		89,000		85,663
5.500%, 12/15/27		281,000		271,024
7.500%, 09/15/25		555,000		582,223
Starwood Property Trust, Inc. 4.375%, 01/15/27 (144A)		215,000		208,550
5.500%, 11/01/23 (144A)		68,000		69,159
Uniti Group L.P. / Uniti Fiber Holdings, Inc. / CSL Capital LLC 4.750%, 04/15/28 (144A)		646,000		609,669
6.000%, 01/15/30 (144A)		365,000		328,500
6.500%, 02/15/29 (144A)		708,000		660,104
7.875%, 02/15/25 (144A)		27,000		28,053
VICI Properties L.P. / VICI Note Co., Inc. 3.500%, 02/15/25 (144A) (a)		211,000		207,888
3.750%, 02/15/27 (144A) (a)		728,000		707,980
4.125%, 08/15/30 (144A)		1,689,000		1,630,493
4.250%, 12/01/26 (144A)		1,839,000		1,831,276
4.625%, 12/01/29 (144A)		847,000		844,882
				25,339,555
Retail—3.3%
1011778 BC ULC / New Red Finance, Inc. 3.875%, 01/15/28 (144A)		566,000		536,305
4.000%, 10/15/30 (144A)		104,000		93,812
4.375%, 01/15/28 (144A)		1,620,000		1,555,200
5.750%, 04/15/25 (144A)		296,000		304,551
Arko Corp. 5.125%, 11/15/29 (144A)		502,000		456,820
Asbury Automotive Group, Inc. 4.500%, 03/01/28 (a)		282,000		270,889
4.750%, 03/01/30 (a)		57,000		53,794
5.000%, 02/15/32 (144A)		437,000		406,209
Bath & Body Works, Inc. 6.750%, 07/01/36		153,000		155,814
6.875%, 11/01/35		922,000		949,660
7.600%, 07/15/37		178,000		184,675
Beacon Roofing Supply, Inc. 4.125%, 05/15/29 (144A)		260,000		240,191
Carvana Co. 4.875%, 09/01/29 (144A) (a)		609,000		502,934
5.500%, 04/15/27 (144A) (a)		731,000		652,417
Constellation Automotive Financing plc 4.875%, 07/15/27 (GBP)		100,000		119,871

BHFTI-72

Brighthouse Funds Trust I

BlackRock High Yield Portfolio

Schedule of Investments as of March 31, 2022 (Unaudited)

Corporate Bonds & Notes—(Continued)

Security Description	Principal Amount*		Value
Retail—(Continued)
Dufry One B.V. 2.500%, 10/15/24 (EUR)		100,000	$	107,583
eG Global Finance plc 6.250%, 10/30/25 (EUR)		180,000		198,305
6.750%, 02/07/25 (144A)		958,000		955,605
8.500%, 10/30/25 (144A)		525,000		537,469
Fertitta Entertainment LLC / Fertitta Entertainment Finance Co., Inc. 4.625%, 01/15/29 (144A)		631,000		597,872
6.750%, 01/15/30 (144A)		1,571,000		1,445,273
Food Service Project S.A. 5.500%, 01/21/27 (EUR)		109,000		118,032
Foundation Building Materials, Inc. 6.000%, 03/01/29 (144A) (a)		471,000		423,900
Goldstory SASU 5.375%, 03/01/26 (EUR)		100,000		110,625
Group 1 Automotive, Inc. 4.000%, 08/15/28 (144A)		90,000		83,813
GYP Holdings III Corp. 4.625%, 05/01/29 (144A)		609,000		563,940
IRB Holding Corp. 7.000%, 06/15/25 (144A)		315,000		327,600
Ken Garff Automotive LLC 4.875%, 09/15/28 (144A)		286,000		268,840
LBM Acquisition LLC 6.250%, 01/15/29 (144A)		1,186,000		1,110,879
LCM Investments Holdings II LLC 4.875%, 05/01/29 (144A)		761,000		718,749
Lithia Motors, Inc. 3.875%, 06/01/29 (144A)		345,000		326,108
Macy’s Retail Holdings LLC 5.875%, 03/15/30 (144A) (a)		133,000		131,206
6.125%, 03/15/32 (144A)		133,000		131,338
Murphy Oil USA, Inc. 4.750%, 09/15/29		302,000		299,455
NMG Holding Co., Inc. / Neiman Marcus Group LLC 7.125%, 04/01/26 (144A) (a)		1,007,000		1,034,189
Patrick Industries, Inc. 4.750%, 05/01/29 (144A)		165,000		141,900
Penske Automotive Group, Inc. 3.500%, 09/01/25 (a)		423,000		419,827
3.750%, 06/15/29		181,000		161,917
PetSmart, Inc. / PetSmart Finance Corp. 4.750%, 02/15/28 (144A)		1,262,000		1,219,603
7.750%, 02/15/29 (144A)		3,746,000		3,867,745
Sonic Automotive, Inc. 4.625%, 11/15/29 (144A)		163,000		146,700
Specialty Building Products Holdings LLC / SBP Finance Corp. 6.375%, 09/30/26 (144A)		704,000		715,827
SRS Distribution, Inc. 4.625%, 07/01/28 (144A)		1,630,000		1,556,992
6.000%, 12/01/29 (144A) (a)		1,149,000		1,062,825
6.125%, 07/01/29 (144A) (a)		1,041,000		960,322
Staples, Inc. 7.500%, 04/15/26 (144A)		1,810,000		1,757,700
10.750%, 04/15/27 (144A) (a)		509,000		453,010
Retail—(Continued)
Stonegate Pub Co. Financing plc 8.250%, 07/31/25 (GBP)		200,000		267,328
Suburban Propane Partners L.P./Suburban Energy Finance Corp. 5.000%, 06/01/31 (144A)		238,000		223,125
Tendam Brands S.A.U. 5.250%, 3M EURIBOR + 5.250%, 09/15/24 (EUR) (b)		100,000		109,786
Very Group Funding plc (The) 6.500%, 08/01/26 (GBP)		100,000		124,271
White Cap Buyer LLC 6.875%, 10/15/28 (144A)		2,085,000		1,975,725
White Cap Parent LLC 8.250%, PIK, 03/15/26 (144A) (c)		517,000		507,952
Yum! Brands, Inc. 4.750%, 01/15/30 (144A) (a)		45,000		44,128
5.350%, 11/01/43		14,000		13,615
				31,704,221
Semiconductors—0.1%
ams-OSRAM AG 6.000%, 07/31/25 (EUR)		100,000		113,453
Entegris, Inc. 4.375%, 04/15/28 (144A)		198,000		191,565
ON Semiconductor Corp. 3.875%, 09/01/28 (144A)		613,000		585,415
Synaptics, Inc. 4.000%, 06/15/29 (144A)		488,000		459,940
				1,350,373
Software—2.7%
ACI Worldwide, Inc. 5.750%, 08/15/26 (144A)		954,000		975,465
Black Knight InfoServ LLC 3.625%, 09/01/28 (144A)		815,000		772,376
Boxer Parent Co., Inc. 6.500%, 10/02/25 (EUR)		200,000		223,075
7.125%, 10/02/25 (144A)		689,000		714,176
9.125%, 03/01/26 (144A)		1,771,000		1,824,130
Camelot Finance S.A. 4.500%, 11/01/26 (144A)		162,000		157,545
Castle U.S. Holding Corp. 9.500%, 02/15/28 (144A)		363,000		360,357
Cedacri Mergeco S.p.A. 4.625%, 3M EURIBOR + 4.625%, 05/15/28 (EUR) (b)		100,000		109,837
Change Healthcare Holdings LLC / Change Healthcare Finance, Inc. 5.750%, 03/01/25 (144A)		2,151,000		2,151,000
Clarivate Science Holdings Corp. 3.875%, 07/01/28 (144A)		1,085,000		1,034,840
4.875%, 07/01/29 (144A) (a)		2,033,000		1,912,667
Consensus Cloud Solutions, Inc. 6.000%, 10/15/26 (144A)		197,000		195,523
6.500%, 10/15/28 (144A)		179,000		177,867
Dun & Bradstreet Corp. (The) 5.000%, 12/15/29 (144A) (a)		1,135,000		1,066,900
Elastic NV 4.125%, 07/15/29 (144A) (a)		1,009,000		938,330

BHFTI-73

Brighthouse Funds Trust I

BlackRock High Yield Portfolio

Schedule of Investments as of March 31, 2022 (Unaudited)

Corporate Bonds & Notes—(Continued)

Security Description	Principal Amount*		Value
Software—(Continued)
Fair Isaac Corp. 4.000%, 06/15/28 (144A)		725,000	$	701,887
Helios Software Holdings, Inc. / ION Corporate Solutions Finance Sarl 4.625%, 05/01/28 (144A)		558,000		512,696
MicroStrategy, Inc. 6.125%, 06/15/28 (144A)		1,151,000		1,119,958
Minerva Merger Sub, Inc. 6.500%, 02/15/30 (144A) (a)		1,500,000		1,455,187
MSCI, Inc. 3.250%, 08/15/33 (144A)		497,000		446,710
3.625%, 09/01/30 (144A)		383,000		359,018
3.625%, 11/01/31 (144A)		329,000		309,671
3.875%, 02/15/31 (144A)		139,000		131,794
4.000%, 11/15/29 (144A)		68,000		66,041
Nuance Communications, Inc. 5.625%, 12/15/26		234,000		240,582
Open Text Corp. 3.875%, 12/01/29 (144A)		430,000		408,500
Open Text Holdings, Inc. 4.125%, 02/15/30 (144A)		344,000		326,179
Playtika Holding Corp. 4.250%, 03/15/29 (144A)		1,049,000		967,702
PTC, Inc. 4.000%, 02/15/28 (144A)		228,000		222,134
Rackspace Technology Global, Inc. 5.375%, 12/01/28 (144A) (a)		163,000		141,427
SS&C Technologies, Inc. 5.500%, 09/30/27 (144A)		2,451,000		2,469,419
Twilio, Inc. 3.875%, 03/15/31 (a)		944,000		877,464
Veritas U.S. Inc. / Veritas Bermuda, Ltd. 7.500%, 09/01/25 (144A)		1,108,000		1,051,165
ZoomInfo Technologies LLC 3.875%, 02/01/29 (144A)		1,267,000		1,158,070
				25,579,692
Telecommunications—8.0%
Altice France Holding S.A. 6.000%, 02/15/28 (144A) (a)		1,062,000		915,975
10.500%, 05/15/27 (144A)		4,525,000		4,735,435
Altice France S.A. 2.500%, 01/15/25 (EUR)		100,000		106,282
4.125%, 01/15/29 (EUR)		100,000		100,116
4.250%, 10/15/29 (EUR)		100,000		100,254
5.125%, 01/15/29 (144A)		331,000		296,520
5.125%, 07/15/29 (144A)		2,285,000		2,047,931
5.500%, 01/15/28 (144A)		364,000		337,319
5.500%, 10/15/29 (144A)		2,814,000		2,524,946
5.875%, 02/01/27 (EUR)		200,000		226,228
8.125%, 02/01/27 (144A)		1,676,000		1,728,174
Avaya, Inc. 6.125%, 09/15/28 (144A) (a)		2,248,000		2,216,910
British Telecommunications plc 4.875%, 5Y H15 + 3.493%, 11/23/81 (144A) (b)		200,000		190,000
Ciena Corp. 4.000%, 01/31/30 (144A) (a)		290,000		279,125
Telecommunications—(Continued)
CommScope Technologies LLC 6.000%, 06/15/25 (144A)		958,000		907,331
CommScope, Inc. 4.750%, 09/01/29 (144A)		521,000		479,846
6.000%, 03/01/26 (144A)		460,000		465,331
7.125%, 07/01/28 (144A) (a)		774,000		699,212
8.250%, 03/01/27 (144A) (a)		476,000		462,910
Connect Finco S.a.r.l. / Connect U.S. Finco LLC 6.750%, 10/01/26 (144A)		4,960,000		5,046,254
Consolidated Communications, Inc. 6.500%, 10/01/28 (144A) (a)		1,804,000		1,662,206
Frontier Communications Holdings LLC 5.000%, 05/01/28 (144A)		2,247,000		2,157,120
5.875%, 10/15/27 (144A)		1,060,000		1,052,898
6.000%, 01/15/30 (144A) (a)		1,037,000		959,225
6.750%, 05/01/29 (144A) (a)		1,012,000		971,520
Iliad Holding SASU 6.500%, 10/15/26 (144A)		1,346,000		1,349,634
7.000%, 10/15/28 (144A)		1,115,000		1,116,650
Kaixo Bondco Telecom S.A. 5.125%, 09/30/29 (EUR)		100,000		103,575
Koninklijke KPN NV 2.000%, 5Y EUR Swap + 2.344%, 11/08/24 (EUR) (b)		200,000		214,225
Level 3 Financing, Inc. 3.625%, 01/15/29 (144A)		488,000		427,000
3.750%, 07/15/29 (144A)		1,327,000		1,176,027
4.250%, 07/01/28 (144A)		896,000		822,535
Ligado Networks LLC 15.500%, PIK, 11/01/23 (144A) (c)		1,539,756		1,168,567
Lorca Telecom Bondco S.A. 4.000%, 09/18/27 (EUR)		200,000		212,953
Lumen Technologies, Inc. 4.000%, 02/15/27 (144A)		219,000		203,962
4.500%, 01/15/29 (144A)		1,620,000		1,393,192
5.125%, 12/15/26 (144A) (a)		2,104,000		2,004,060
5.375%, 06/15/29 (144A)		1,073,000		955,641
6.750%, 12/01/23		183,000		190,020
7.500%, 04/01/24		280,000		294,767
7.600%, 09/15/39		107,000		102,763
7.650%, 03/15/42		675,000		651,375
Nokia Oyj 6.625%, 05/15/39		397,000		472,926
Rogers Communications, Inc. 4.550%, 03/15/52 (144A)		1,314,000		1,306,324
Sable International Finance, Ltd. 5.750%, 09/07/27 (144A)		273,000		274,897
SES S.A. 2.875%, 5Y EUR Swap + 3.190%, 05/27/26 (EUR) (b)		100,000		102,397
SoftBank Group Corp. 2.125%, 07/06/24 (EUR)		100,000		104,402
2.875%, 01/06/27 (EUR)		100,000		98,456
3.375%, 07/06/29 (EUR)		100,000		93,202
4.500%, 04/20/25 (EUR)		200,000		215,995
4.750%, 07/30/25 (EUR)		100,000		108,276
5.000%, 04/15/28 (EUR)		100,000		105,059

BHFTI-74

Brighthouse Funds Trust I

BlackRock High Yield Portfolio

Schedule of Investments as of March 31, 2022 (Unaudited)

Corporate Bonds & Notes—(Continued)

Security Description	Principal Amount*		Value
Telecommunications—(Continued)
Sprint Capital Corp. 6.875%, 11/15/28		2,746,000	$	3,181,763
8.750%, 03/15/32		2,754,000		3,709,638
Sprint Corp. 7.125%, 06/15/24		120,000		128,706
7.625%, 03/01/26		1,206,000		1,361,345
7.875%, 09/15/23		235,000		249,688
Switch, Ltd. 3.750%, 09/15/28 (144A)		720,000		698,216
4.125%, 06/15/29 (144A) (a)		1,764,000		1,735,335
T-Mobile USA, Inc. 2.625%, 02/15/29		946,000		863,443
2.875%, 02/15/31		886,000		798,224
3.500%, 04/15/31		1,110,000		1,044,488
3.500%, 04/15/31 (144A)		953,000		896,754
4.750%, 02/01/28		242,000		245,969
Telecom Italia Capital S.A. 6.000%, 09/30/34		1,052,000		988,954
6.375%, 11/15/33		539,000		515,139
7.200%, 07/18/36		214,000		208,115
7.721%, 06/04/38		204,000		208,040
Telecom Italia Finance S.A. 7.750%, 01/24/33 (EUR)		42,000		53,289
Telecom Italia S.p.A. 1.625%, 01/18/29 (EUR)		255,000		237,745
4.000%, 04/11/24 (EUR)		100,000		113,299
5.303%, 05/30/24 (144A)		271,000		273,033
ViaSat, Inc. 5.625%, 09/15/25 (144A)		708,000		691,482
6.500%, 07/15/28 (144A)		545,000		523,200
Viavi Solutions, Inc. 3.750%, 10/01/29 (144A)		939,000		881,179
Vmed O2 UK Financing I plc 4.000%, 01/31/29 (GBP)		100,000		120,100
4.250%, 01/31/31 (144A)		213,000		194,814
4.500%, 07/15/31 (GBP)		134,000		161,551
4.750%, 07/15/31 (144A)		1,676,000		1,579,630
Vodafone Group plc 2.625%, 5Y EUR Swap + 3.002%, 08/27/80 (EUR) (b)		100,000		107,412
3.000%, 5Y EUR Swap + 3.227%, 08/27/80 (EUR) (b)		100,000		101,222
3.100%, 5Y EUR Swap + 2.669%, 01/03/79 (EUR) (b)		200,000		222,785
Zayo Group Holdings, Inc. 4.000%, 03/01/27 (144A) (a)		3,816,000		3,511,598
6.125%, 03/01/28 (144A)		4,860,000		4,349,700
				75,893,804
Toys/Games/Hobbies—0.2%
Mattel, Inc. 3.750%, 04/01/29 (144A)		260,000		250,177
5.450%, 11/01/41		834,000		887,793
5.875%, 12/15/27 (144A)		213,000		222,819
6.200%, 10/01/40		680,000		782,221
				2,143,010
Transportation—0.1%
Danaos Corp. 8.500%, 03/01/28 (144A)		108,000		115,560
Poste Italiane S.p.A. 2.625%, 5Y EURIBOR Swap + 2.677%, 03/24/29 (EUR) (b)		150,000		144,616
Seaspan Corp. 5.500%, 08/01/29 (144A)		949,000		887,315
				1,147,491
Trucking & Leasing—0.1%
Fortress Transportation and Infrastructure Investors LLC 5.500%, 05/01/28 (144A)		793,000		720,956
6.500%, 10/01/25 (144A)		165,000		163,762
9.750%, 08/01/27 (144A)		107,000		111,790
				996,508
Water—0.0%
Thames Water Kemble Finance plc 4.625%, 05/19/26 (GBP)		168,000		212,682
Total Corporate Bonds & Notes (Cost $811,743,509)				781,740,681
Floating Rate Loans (h)—12.9%
Advertising—0.3%
Clear Channel Outdoor Holdings, Inc.
Term Loan B, 3.799%, 3M LIBOR + 3.500%, 08/21/26		2,439,222		2,402,177
Aerospace/Defense—0.2%
Cobham Ultra U.S. Co-Borrower LLC
Term Loan B, 11/16/28 (i)		216,000		213,975
Propulsion (BC) Finco S.a.r.l.
Term Loan, 02/10/29 (i)		581,000		579,187
Sequa Mezzanine Holdings LLC
Extended Term Loan, 7.750%, 3M LIBOR + 6.750%, 11/28/23		388,300		388,786
Spirit Aerosystems, Inc.
Term Loan B, 4.250%, 1M LIBOR + 3.750%, 01/15/25		477,331		477,272
				1,659,220
Airlines—0.6%
AAdvantage Loyalty IP, Ltd.
Term Loan, 5.500%, 3M LIBOR + 4.750%, 04/20/28		1,636,484		1,660,447
Air Canada
Term Loan B, 4.250%, 3M LIBOR + 3.500%, 08/11/28		949,000		940,222
Mileage Plus Holdings LLC
Term Loan B, 6.250%, 3M LIBOR + 5.250%, 06/21/27		499,105		520,005
SkyMiles IP, Ltd.
Term Loan B, 4.750%, 3M LIBOR + 3.750%, 10/20/27		696,000		720,577
United Airlines, Inc.
Term Loan B, 4.500%, 3M LIBOR + 3.750%, 04/21/28		1,667,160		1,650,488
				5,491,739

BHFTI-75

Brighthouse Funds Trust I

BlackRock High Yield Portfolio

Schedule of Investments as of March 31, 2022 (Unaudited)

Floating Rate Loans (h)—(Continued)

Security Description	Principal Amount*		Value
Apparel—0.3%
Crocs, Inc. Term Loan B, 4.030%, TSFR + 3.500%, 02/20/29		2,503,000	$	2,447,584
Auto Parts & Equipment—0.1%
Clarios Global L.P. Term Loan B, 3.707%, 1M LIBOR + 3.250%, 04/30/26 (b)		508,693		503,288
Beverages—0.1%
Naked Juice LLC 2nd Lien Term Loan, 6.751%, TSFR + 6.000%, 01/24/30		83,000		83,069
Delayed Draw Term Loan, 3.750%, TSFR + 3.250%, 01/24/29		33,876		33,379
Term Loan, 3.750%, TSFR + 3.250%, 01/24/29		587,192		578,567
				695,015
Building Materials—0.3%
Chamberlain Group, Inc. Term Loan B, 4.506%, 3M LIBOR + 3.500%, 11/03/28		1,024,433		1,012,908
CP Atlas Buyer, Inc. Term Loan B, 4.250%, 1M LIBOR + 3.750%, 11/23/27		221,789		216,106
CPG International, Inc. Term Loan, 3.506%, 3M LIBOR + 2.500%, 05/05/24		233,724		232,263
Griffon Corporation Term Loan B, 3.267%, TSFR + 2.750%, 01/24/29		254,000		251,883
Smyrna Ready Mix Concrete LLC Term Loan B, 03/24/29 (i)		269,000		265,974
Solis IV B.V. Term Loan B1, 4.000%, TSFR + 3.500%, 02/26/29		602,000		591,214
				2,570,348
Chemicals—0.3%
Ascend Performance Materials Operations LLC Term Loan B, 5.500%, 3M LIBOR + 4.750%, 08/27/26		885,442		883,782
Atotech B.V. Term Loan B, 3.000%, 3M LIBOR + 2.500%, 03/18/28		1,162,218		1,151,322
New Arclin U.S. Holding Corp. Delayed Draw Term Loan, 10/02/28 (j)		66,069		64,555
Term Loan, 4.250%, 1M LIBOR + 3.750%, 09/30/28		451,442		441,096
W.R. Grace & Co. Term Loan B, 4.813%, 3M LIBOR + 3.750%, 09/22/28		857,850		852,622
				3,393,377
Commercial Services—0.9%
Amentum Government Services Holdings LLC Term Loan, 4.777%, TSFR + 4.000%, 02/15/29		386,000		383,909
Term Loan B, 3.957%, 1M LIBOR + 3.500%, 01/29/27		141,480		140,478
AVSC Holding Corp. 2nd Lien Term Loan, 8.250%, 3M LIBOR + 7.250%, 09/01/25		658,678		566,463
PECF USS Intermediate Holding III Corp. Term Loan B, 4.758%, 1M LIBOR + 4.250%, 12/15/28		2,404,674		2,385,781
Sabre GLBL, Inc. Term Loan B1, 4.000%, 1M LIBOR + 3.500%, 12/17/27		275,919		273,090
Term Loan B2, 4.000%, 1M LIBOR + 3.500%, 12/17/27		439,831		435,323
Sotheby’s Term Loan B, 5.000%, 3M LIBOR + 4.500%, 01/15/27		155,240		155,337
TruGreen L.P. 2nd Lien Term Loan, 9.506%, 3M LIBOR + 8.500%, 11/02/28		378,000		380,835
Commercial Services—(Continued)
Verscend Holding Corp. 2nd Lien Term Loan, 7.500%, 1M LIBOR + 7.000%, 04/02/29		1,564,000		1,556,180
Term Loan B, 4.457%, 1M LIBOR + 4.000%, 08/27/25		2,557,210		2,554,013
				8,831,409
Computers—1.2%
Banff Merger Sub, Inc. 2nd Lien Term Loan, 6.000%, 1M LIBOR + 5.500%, 02/27/26		1,141,000		1,132,798
Magenta Buyer LLC 1st Lien Term Loan, 5.750%, 3M LIBOR + 5.000%, 07/27/28		2,381,948		2,364,826
2nd Lien Term Loan, 9.000%, 3M LIBOR + 8.250%, 07/27/29		1,089,000		1,080,832
McAfee LLC Term Loan B, 4.500%, TSFR + 4.000%, 03/01/29		3,062,000		3,042,097
Peraton Holding Corp. 2nd Lien Term Loan B1, 8.500%, 1M LIBOR + 7.750%, 02/01/29		708,690		706,033
Term Loan B, 4.500%, 1M LIBOR + 3.750%, 02/01/28		3,313,515		3,291,030
TierPoint LLC Term Loan, 4.500%, 1M LIBOR + 3.750%, 05/05/26		312,861		310,515
				11,928,131
Distribution/Wholesale—0.0%
Dealer Tire LLC Term Loan B, 4.707%, 1M LIBOR + 4.250%, 12/12/25		164,220		163,153
KAR Auction Services, Inc. Term Loan B6, 2.750%, 1M LIBOR + 2.250%, 09/19/26		118,878		117,912
				281,065
Diversified Financial Services—0.2%
Advisor Group, Inc. Term Loan, 07/31/26 (i)		167,314		166,443
AqGen Ascensus, Inc. 2nd Lien Term Loan, 7.000%, 3M LIBOR + 6.500%, 08/02/29		485,964		480,801
AqGen Island Holdings, Inc. Term Loan B, 08/02/28 (i)		403,988		401,715
Deerfield Dakota Holding LLC 2nd Lien Term Loan, 7.500%, 1M LIBOR + 6.750%, 04/07/28		558,000		559,395
Term Loan B, 4.750%, 1M LIBOR + 3.750%, 04/09/27		431,833		430,591
				2,038,945
Electric—0.0%
Calpine Corp. Term Loan B10, 2.457%, 1M LIBOR + 2.000%, 08/12/26		35,595		35,156
Electronics—0.0%
II-VI, Inc. Bridge Term Loan B, 12/01/28 (i)		396,031		391,741
Engineering & Construction—0.5%
Brand Energy & Infrastructure Services, Inc. Term Loan, 5.250%, 3M LIBOR + 4.250%, 06/21/24		4,644,206		4,449,410
KKR Apple Bidco LLC 2nd Lien Term Loan, 6.250%, 1M LIBOR + 5.750%, 09/21/29		70,000		69,759
Term Loan, 3.500%, 1M LIBOR + 3.000%, 09/23/28		443,888		439,217
				4,958,386

BHFTI-76

Brighthouse Funds Trust I

BlackRock High Yield Portfolio

Schedule of Investments as of March 31, 2022 (Unaudited)

Floating Rate Loans (h)—(Continued)

Security Description	Principal Amount*		Value
Entertainment—0.1%
AMC Entertainment Holdings, Inc. Term Loan B, 3.352%, 3M LIBOR + 3.000%, 04/22/26		643,342	$	574,535
Raptor Acquisition Corp. Term Loan, 4.934%, 3M LIBOR + 4.000%, 11/01/26		146,633		146,046
				720,581
Environmental Control—0.1%
Filtration Group Corp. Incremental Term Loan, 3.957%, 1M LIBOR + 3.500%, 10/21/28		627,845		622,744
Madison IAQ LLC Term Loan, 4.524%, 6M LIBOR + 3.250%, 06/21/28		670		660
				623,404
Food—0.1%
Celestial-Saturn Parent, Inc. 2nd Lien Term Loan, 7.000%, 1M LIBOR + 6.500%, 06/04/29		669,000		663,146
Healthcare-Products—0.1%
Ortho-Clinical Diagnostics S.A. Term Loan B, 3.235%, 1M LIBOR + 3.000%, 06/30/25		176,323		175,924
Term Loan B, 3.500%, EURIBOR + 3.500%, 06/30/25 (EUR)		871,904		960,203
				1,136,127
Healthcare-Services—0.2%
Da Vinci Purchaser Corp. Term Loan, 5.006%, 3M LIBOR + 4.000%, 01/08/27		395,947		395,123
Envision Healthcare Corp. 1st Lien Term Loan, 4.207%, 1M LIBOR + 3.750%, 10/10/25		1,400,334		942,224
Medical Solutions LLC 2nd Lien Term Loan, 7.500%, 3M LIBOR + 7.000%, 11/01/29		321,000		311,370
Quorum Health Corp. Term Loan, 8.750%, 3M LIBOR + 7.750%, 04/29/25		581,642		533,172
RegionalCare Hospital Partners Holdings, Inc. Term Loan B, 4.197%, 1M LIBOR + 3.750%, 11/16/25		251,646		250,387
				2,432,276
Housewares—0.1%
Springs Windows Fashions LLC Term Loan B, 4.750%, 1M LIBOR + 4.000%, 10/06/28		878,587		853,328
Insurance—0.3%
Alliant Holdings Intermediate LLC Term Loan B4, 4.000%, 1M LIBOR + 3.500%, 11/06/27		614,910		611,781
AssuredPartners, Inc. Term Loan, 4.000%, TSFR + 3.500%, 02/12/27		580,000		574,200
Asurion LLC Term Loan B8, 3.707%, 1M LIBOR + 3.250%, 12/23/26		160,530		157,277
Ryan Specialty Group LLC Term Loan, 3.750%, 1M LIBOR + 3.000%, 09/01/27		422,568		420,455
Sedgwick Claims Management Services, Inc. Term Loan B, 3.707%, 1M LIBOR + 3.250%, 12/31/25		180,855		179,304
Term Loan B, 4.207%, 1M LIBOR + 3.750%, 09/03/26		501,810		499,570
Insurance—(Continued)
Sedgwick Claims Management Services, Inc. Term Loan B3, 5.250%, 1M LIBOR + 4.250%, 09/03/26		177,025		176,582
				2,619,169
Internet—0.4%
Barracuda Networks, Inc. 2nd LienTerm Loan, 7.500%, 3M LIBOR + 6.750%, 10/30/28		431,683		429,525
CNT Holdings I Corp. Term Loan, 4.250%, 3M LIBOR + 3.500%, 11/08/27		532,620		530,423
I-Logic Technologies Bidco Ltd. Term Loan B, 4.500%, 1M LIBOR + 4.000%, 02/16/28		242,396		241,063
MH Sub I LLC 2017 1st Lien Term Loan, 3.957%, 1M LIBOR + 3.500%, 09/13/24		497,198		492,226
2nd Lien Term Loan, 6.707%, 1M LIBOR + 6.250%, 02/23/29		129,000		128,113
Incremental Term Loan, 4.750%, 1M LIBOR + 3.750%, 09/13/24		855,002		848,233
Proofpoint, Inc. 1st Lien Term Loan, 3.758%, 3M LIBOR + 3.250%, 08/31/28		641,393		635,129
PUG LLC Term Loan, 3.957%, 1M LIBOR + 3.500%, 02/12/27		375,324		368,990
				3,673,702
Leisure Time—0.0%
Life Time Fitness, Inc. Term Loan B, 5.750%, 3M LIBOR + 4.750%, 12/16/24		195,340		195,035
Lodging—0.2%
Fertitta Entertainment LLC Term Loan B, 4.500%, TSFR + 4.000%, 01/27/29		1,635,874		1,628,904
Golden Nugget, Inc. Initial Term Loan, 13.000%, 1M LIBOR + 12.000%, 10/04/23		122,507		131,082
				1,759,986
Machinery-Diversified—0.3%
SPX Flow, Inc. Term Loan, 03/16/29 (i)		1,042,000		1,016,112
Titan Acquisition, Ltd. Term Loan B, 4.006%, 3M LIBOR + 3.000%, 03/28/25		2,321,268		2,276,584
				3,292,696
Media—0.4%
A-L Parent LLC 1st Lien Term Loan, 4.250%, 1M LIBOR + 3.250%, 12/01/23		158,781		151,413
Altice Financing S.A. Term Loan B, 2.991%, 3M LIBOR + 2.750%, 07/15/25		79,860		77,964
DirecTV Financing LLC Term Loan, 5.750%, 1M LIBOR + 5.000%, 08/02/27		2,825,972		2,826,266
MSG National Properties LLC Term Loan, 7.000%, 3M LIBOR + 6.250%, 11/12/25		902,575		907,088
Radiate Holdco LLC Term Loan B, 4.000%, 1M LIBOR + 3.250%, 09/25/26		131,670		130,729
				4,093,460

BHFTI-77

Brighthouse Funds Trust I

BlackRock High Yield Portfolio

Schedule of Investments as of March 31, 2022 (Unaudited)

Floating Rate Loans (h)—(Continued)

Security Description	Principal Amount*		Value
Metal Fabricate/Hardware—0.0%
Grinding Media, Inc. Term Loan B, 4.796%, 3M LIBOR + 4.000%, 10/12/28		259,695	$	257,910
Miscellaneous Manufacturing—0.0%
Momentive Performance Materials, Inc. Term Loan B, 3.700%, 1M LIBOR + 3.250%, 05/15/24		172,828		171,028
Oil & Gas—0.6%
Ascent Resources Utica Holdings LLC Fixed 2nd Lien Term Loan, 10.000%, 3M LIBOR + 9.000%, 11/01/25		5,308,612		5,700,122
Oil & Gas Services—0.0%
Lealand Finance Company B.V. Make Whole Term Loan, 3.457%, 1M LIBOR + 3.000%, 06/28/24		31,220		19,512
Packaging & Containers—0.2%
BWAY Holding Co. Term Loan B, 3.481%, 1M LIBOR + 3.250%, 04/03/24		1,261,337		1,246,359
Charter NEX U.S., Inc. Term Loan, 4.500%, 1M LIBOR + 3.750%, 12/01/27		174,867		173,902
Clydesdale Acquisition Holdings, Inc. Term Loan, 03/30/29 (i)		452,000		444,897
				1,865,158
Pharmaceuticals—0.4%
Embecta Corp. Term Loan B, 01/27/29 (i)		14,911		14,736
Endo Luxembourg Finance Co. I S.a.r.l. Term Loan, 5.750%, 1M LIBOR + 5.000%, 03/27/28		1,083,049		1,016,035
Gainwell Acquisition Corp. Term Loan B, 5.006%, 3M LIBOR + 4.000%, 10/01/27		2,586,209		2,576,511
				3,607,282
Pipelines—0.1%
Freeport LNG Investments LLLP Term Loan B, 4.000%, 3M LIBOR + 3.500%, 12/21/28		718,500		714,099
Retail—0.5%
Foundation Building Materials Holding Co. LLC Term Loan, 3.750%, 3M LIBOR + 3.250%, 02/03/28		252,409		247,992
IRB Holding Corp. Term Loan B, 3.750%, TSFR + 3.000%, 12/15/27		871,963		863,788
LBM Acquisition LLC Term Loan B, 4.500%, 1M LIBOR + 3.750%, 12/17/27		113,645		111,195
PetSmart, Inc. Term Loan B, 4.500%, 3M LIBOR + 3.750%, 02/11/28		1,469,615		1,465,206
SRS Distribution Inc. Incremental Term Loan, 4.000%, TSFR + 3.500%, 06/02/28		729,917		719,653
Staples, Inc. Term Loan, 5.317%, 3M LIBOR + 5.000%, 04/16/26		371,183		351,510
White Cap Buyer LLC Term Loan B, 6.250%, TSFR + 3.750%, 10/19/27		1,224,500		1,211,873
				4,971,217
Shipbuilding—0.1%
MHI Holdings LLC Term Loan B, 5.457%, 1M LIBOR + 5.000%, 09/21/26		945,982		945,982
Software—2.9%
Ascend Learning, LLC 2nd Lien Term Loan, 6.250%, 1M LIBOR + 5.750%, 12/10/29		345,000		342,988
Athenahealth, Inc. Delayed Draw Term Loan, 02/15/29 (j)		851,620		844,434
Term Loan B, 4.000%, TSFR + 3.500%, 02/15/29		5,024,563		4,982,166
Banff Merger Sub, Inc. Term Loan, 4.756%, 3M LIBOR + 3.750%, 10/02/25		879,827		875,627
Camelot U.S. Acquisition 1 Co. Incremental Term Loan B, 4.000%, 1M LIBOR + 3.000%, 10/30/26		273,538		271,418
Cloudera, Inc. Second Lien Term Loan, 6.500%, 1M LIBOR + 6.000%, 10/08/29		727,000		717,913
Term Loan, 4.250%, 1M LIBOR + 3.750%, 10/08/28		2,074,000		2,055,853
Dun & Bradstreet Corp. (The) Incremental Term Loan B2, 3.560%, TSFR + 3.250%, 01/18/29		507,000		501,296
Term Loan, 3.697%, 1M LIBOR + 3.250%, 02/06/26		960,884		953,797
EP Purchaser LLC Term Loan B, 4.506%, 3M LIBOR + 3.500%, 11/06/28		420,698		418,507
Epicor Software Corp. 2nd Lien Term Loan, 8.750%, 1M LIBOR + 7.750%, 07/31/28		210,000		215,040
Term Loan, 4.000%, 1M LIBOR + 3.250%, 07/30/27		574,966		571,144
Grab Holdings, Inc. Term Loan B, 5.500%, 1M LIBOR + 4.500%, 01/29/26		393,030		385,169
Greeneden U.S., Holdings II LLC Term Loan B4, 4.750%, 1M LIBOR + 4.000%, 12/01/27		966,023		965,721
Helios Software Holdings, Inc. Term Loan B, 5.250%, 6M LIBOR + 3.750%, 03/11/28		302,429		300,286
Planview Parent, Inc. 2nd Lien Term Loan, 8.256%, 3M LIBOR + 7.250%, 12/18/28		370,000		364,450
Polaris Newco LLC Term Loan B, 4.500%, 1M LIBOR + 4.000%, 06/02/28		1,147,622		1,140,879
Proofpoint, Inc. 2nd Lien Term Loan, 6.758%, 3M LIBOR + 6.250%, 08/31/29		939,000		938,413
Realpage, Inc. 1st Lien Term Loan, 3.750%, 1M LIBOR + 3.250%, 04/24/28		823,860		815,827
2nd Lien Term Loan, 7.250%, 1M LIBOR + 6.500%, 04/23/29		1,295,154		1,303,248
Renaissance Holding Corp. 1st Lien Term Loan, 3.707%, 1M LIBOR + 3.250%, 05/30/25		12,315		12,207
Severin Acquisition LLC Term Loan B, 3.455%, 1M LIBOR + 3.000%, 08/01/25		201,240		199,395
Sophia L.P. 2nd Lien Term Loan, 9.006%, 3M LIBOR + 8.000%, 10/09/28		1,828,000		1,869,130
Term Loan B, 4.256%, 3M LIBOR + 3.250%, 10/07/27		1,867,534		1,851,194
Sovos Compliance LLC Delayed Draw Term Loan, 08/11/28 (j)		70,141		70,141
Term Loan, 5.000%, 1M LIBOR + 4.500%, 08/11/28		405,151		405,151
Tibco Software, Inc. 2nd Lien Term Loan, 7.710%, 1M LIBOR + 7.250%, 03/03/28		637,000		636,841

BHFTI-78

Brighthouse Funds Trust I

BlackRock High Yield Portfolio

Schedule of Investments as of March 31, 2022 (Unaudited)

Floating Rate Loans (h)—(Continued)

Security Description	Shares/ Principal Amount*		Value
Software—(Continued)
Ultimate Software Group, Inc. 2nd Lien Term Loan, 5.750%, 3M LIBOR + 5.250%, 05/03/27		1,152,400	$	1,147,598
Term Loan, 3.750%, 3M LIBOR + 3.250%, 05/04/26		887,573		881,471
Term Loan B, 4.756%, 3M LIBOR + 3.750%, 05/04/26		231,448		230,966
Veritas U.S., Inc. Term Loan B, 6.000%, 3M LIBOR + 5.000%, 09/01/25		1,061,117		998,334
				27,266,604
Telecommunications—0.8%
Altice France S.A. Term Loan B13, 4.506%, 3M LIBOR + 4.000%, 08/14/26		362,317		356,089
Cincinnati Bell, Inc. Term Loan B2, 4.051%, TSFR + 3.250%, 11/22/28		240,709		238,704
Connect Finco Sarl Term Loan B, 4.500%, 1M LIBOR + 3.500%, 12/11/26		373,731		371,084
Delta TopCo, Inc. Term Loan B, 4.500%, 3M LIBOR + 3.750%, 12/01/27		974,025		959,936
Digicel International Finance, Ltd. Term Loan B, 3.500%, 6M LIBOR + 3.250%, 05/28/24		1,541,611		1,472,239
Frontier Communications Corp. DIP Term Loan B, 4.733%, 3M LIBOR + 3.750%, 05/01/28		696,960		686,854
Intelsat Jackson Holdings S.A. Exit Term Loan B, 4.920%, TSFR + 4.250%, 02/01/29		1,032,413		1,017,141
Term Loan B3, 8.250%, PRIME + 4.750%, 11/27/23		2,213		2,181
Term Loan B4, 9.000%, PRIME + 5.500%, 01/02/24		1,905		1,877
Term Loan B5, 8.625%, 01/02/24		11,861		11,689
MetroNet Systems Holdings LLC 1st Lien Term Loan, 4.500%, 1M LIBOR + 3.750%, 06/02/28		56,858		56,271
ViaSat, Inc. Term Loan, 5.000%, TSFR + 4.500%, 03/02/29		1,076,938		1,060,784
Zayo Group Holdings, Inc. Term Loan, 3.457%, 1M LIBOR + 3.000%, 03/09/27		1,315,696		1,281,981
				7,516,830
Transportation—0.0%
AIT Worldwide Logistics, Inc Term Loan, 5.500%, 3M LIBOR + 4.750%, 04/06/28		296,510		295,027
Total Floating Rate Loans (Cost $123,789,769)				123,021,262
Common Stocks—2.4%
Auto Components—0.0%
Lear Corp.		525		74,860
Building Products—0.0%
Azek Co., Inc. (The) (k)		452		11,228
Chemicals—0.1%
Diversey Holdings, Ltd. (a) (k)		82,488		624,434
Element Solutions, Inc.		41,415		906,988
				1,531,422
Communications Equipment—0.0%
CommScope Holding Co., Inc. (a) (k)		12,944		101,999
Containers & Packaging—0.1%
Ardagh Metal Packaging S.A. (k)		75,788		616,156
Diversified Telecommunication Services—0.0%
Liberty Global plc - Class A (k)		533		13,597
Electrical Equipment—0.1%
Sensata Technologies Holding plc (a) (k)		10,197		518,517
Equity Real Estate Investment Trusts—0.4%
Gaming and Leisure Properties, Inc.		30,586		1,435,401
VICI Properties, Inc. (a)		98,639		2,807,266
				4,242,667
Hotels, Restaurants & Leisure—0.0%
Aramark		12,643		475,377
IT Services—0.1%
Block, Inc. (k)		2,424		328,694
Twilio, Inc. - Class A (k)		1,208		199,091
				527,785
Life Sciences Tools & Services—0.2%
Avantor, Inc. (k)		27,626		934,311
Syneos Health, Inc. (k)		12,806		1,036,646
				1,970,957
Media—0.1%
Clear Channel Outdoor Holdings, Inc. (k)		168,961		584,605
Metals & Mining—0.1%
Constellium SE (k)		71,641		1,289,538
Oil, Gas & Consumable Fuels—1.0%
Cheniere Energy, Inc.		6,500		901,225
Chesapeake Energy Corp. (a)		19,454		1,692,498
Diamondback Energy, Inc.		4,901		671,829
DT Midstream, Inc.		10,546		572,226
Energy Transfer L.P.		240,998		2,696,768
EQT Corp.		16,722		575,404
Matador Resources Co. (a)		10,884		576,634
Occidental Petroleum Corp.		3,248		184,291
Pioneer Natural Resources Co.		2,090		522,563
Targa Resources Corp.		9,000		679,230
Western Midstream Partners L.P.		5,518		139,164
				9,211,832
Road & Rail—0.1%
Uber Technologies, Inc. (k)		21,356		761,982

BHFTI-79

Brighthouse Funds Trust I

BlackRock High Yield Portfolio

Schedule of Investments as of March 31, 2022 (Unaudited)

Common Stocks—(Continued)

Security Description	Shares/ Principal Amount*		Value
Software—0.1%
Informatica, Inc. - Class A (a) (k)		36,157	$	713,739
Total Common Stocks (Cost $20,085,192)				22,646,261
Convertible Bonds—0.5%
Commercial Services—0.0%
Nexi S.p.A. Zero Coupon, 02/24/28 (EUR)		100,000		90,423
Engineering & Construction—0.1%
Cellnex Telecom S.A. 0.750%, 11/20/31 (EUR)		500,000		476,567
Internet—0.1%
Uber Technologies, Inc. Zero Coupon, 12/15/25 (a)		777,000		695,415
Lodging—0.0%
Accor S.A. 0.700%, 12/07/27 (EUR)		80,400		42,819
Media—0.3%
Cable One, Inc. 1.125%, 03/15/28 (a)		532,000		475,608
DISH Network Corp. 3.375%, 08/15/26		368,000		331,016
Liberty Broadband Corp. 1.250%, 09/30/50 (144A)		997,000		954,627
2.750%, 09/30/50 (144A)		1,858,000		1,832,498
				3,593,749
Total Convertible Bonds (Cost $5,394,449)				4,898,973
Escrow Shares—0.0%
Diversified Financial Services—0.0%
Lehman Brothers Holdings, Inc.		1,740,000		9,048
Lehman Brothers Holdings, Inc.		489,000		2,543
Total Escrow Shares (Cost $0)				11,591
Short-Term Investment—1.6%
Repurchase Agreement—1.6%
Fixed Income Clearing Corp. Repurchase Agreement dated 03/31/22 at 0.000%, due on 04/01/22 with a maturity value of $15,322,429; collateralized by U.S. Treasury Note at 0.125%, maturing 10/15/25, with a market value of $15,628,907.		15,322,429		15,322,429
Total Short-Term Investments (Cost $15,322,429)				15,322,429
Securities Lending Reinvestments (l)—6.6%
Security Description	Principal Amount*		Value
Certificates of Deposit—1.0%
Cooperatieve Rabobank UA 0.840%, SOFR + 0.570%, 09/19/22 (b)		1,000,000		1,000,000
Goldman Sachs Bank USA 0.470%, SOFR + 0.190%, 09/02/22 (b)		1,000,000		998,726
Mizuho Bank, Ltd. 0.250%, 05/05/22		1,000,000		999,691
National Westminster Bank plc 0.440%, 05/11/22		1,000,000		999,820
Oversea-Chinese Banking Corp., Ltd. Zero Coupon, 04/14/22		400,000		399,932
0.720%, SOFR + 0.440%, 09/26/22 (b)		1,000,000		1,000,200
Royal Bank of Canada 0.520%, SOFR + 0.250%, 01/11/23 (b)		1,000,000		997,662
Standard Chartered Bank (NY) 0.460%, SOFR + 0.190%, 08/25/22 (b)		1,000,000		999,183
Sumitomo Mitsui Banking Corp. 0.720%, SOFR + 0.450%, 09/06/22 (b)		1,000,000		999,930
Toronto-Dominion Bank (The) 0.820%, FEDEFF PRV + 0.490%, 12/23/22 (b)		1,000,000		999,704
				9,394,848
Commercial Paper—0.2%
DNB Bank ASA 0.830%, SOFR + 0.550%, 09/07/22 (b)		1,000,000		1,000,399
Macquarie Bank Ltd. 0.510%, SOFR + 0.230%, 08/04/22 (b)		1,000,000		999,231
				1,999,630
Repurchase Agreements—4.3%
Barclays Capital, Inc. Repurchase Agreement dated 03/31/22 at 0.240%, due on 04/01/22 with a maturity value of $13,154,431; collateralized by U.S. Treasury Obligations at 0.000%, maturity dates ranging from 02/15/37 - 11/15/48, and an aggregate market value of $13,417,430.		13,154,343		13,154,343
Cantor Fitzgerald & Co. Repurchase Agreement dated 03/31/22 at 0.290%, due on 04/01/22 with a maturity value of $3,000,024; collateralized by U.S. Treasury and U.S. Government Agency Obligations with rates ranging from 0.125% - 8.000%, maturity dates ranging from 09/15/22 - 07/20/71, and an aggregate market value of $3,060,000.		3,000,000		3,000,000
Citigroup Global Markets, Ltd. Repurchase Agreement dated 03/31/22 at 0.300%, due on 04/01/22 with a maturity value of $1,400,012; collateralized by U.S. Treasury and Foreign Obligations with rates ranging from 0.125% - 2.875%, maturity dates ranging from 08/15/23 - 02/15/51, and an aggregate market value of $1,428,000.		1,400,000		1,400,000
National Bank Financial, Inc. Repurchase Agreement dated 03/31/22 at 0.320%, due on 04/01/22 with a maturity value of $5,000,044; collateralized by U.S. Treasury Obligations with rates ranging from 0.125% - 3.000%, maturity dates ranging from 06/30/22 - 02/15/49, and an aggregate market value of $5,102,844.		5,000,000		5,000,000

BHFTI-80

Brighthouse Funds Trust I

BlackRock High Yield Portfolio

Schedule of Investments as of March 31, 2022 (Unaudited)

Securities Lending Reinvestments (l)—(Continued)

Security Description	Principal Amount*		Value
Repurchase Agreements—(Continued)
National Bank of Canada Repurchase Agreement dated 03/31/22 at 0.320%, due on 04/07/22 with a maturity value of $3,000,187; collateralized by U.S. Treasury Obligations with rates ranging from 0.000% - 4.500%, maturity dates ranging from 04/14/22 - 08/15/51, and an aggregate market value of $3,061,707.		3,000,000	$	3,000,000
Repurchase Agreement dated 03/31/22 at 0.450%, due on 04/07/22 with a maturity value of $2,000,175; collateralized by U.S. Treasury Obligations with rates ranging from 0.500% - 3.000%, maturity dates ranging from 11/30/23 - 08/15/48, and various Common Stock with an aggregate market value of $2,211,597.		2,000,000		2,000,000
NBC Global Finance, Ltd. Repurchase Agreement dated 03/31/22 at 0.440%, due on 04/01/22 with a maturity value of $4,200,051; collateralized by U.S. Treasury Obligations with rates ranging from 0.125% - 4.750%, maturity dates ranging from 05/15/24 - 02/15/50, and various Common Stock with an aggregate market value of $4,663,582.		4,200,000		4,200,000
Repurchase Agreement dated 03/31/22 at 0.485%, due on 04/07/22 with a maturity value of $1,000,094; collateralized by U.S. Treasury Obligations with rates ranging from 0.125% - 4.750%, maturity dates ranging from 05/15/24 - 02/15/50, and various Common Stock with an aggregate market value of $1,110,377.		1,000,000		1,000,000
Societe Generale Repurchase Agreement dated 03/31/22 at 0.360%, due on 04/01/22 with a maturity value of $2,800,028; collateralized by various Common Stock with an aggregate market value of $3,111,368.		2,800,000		2,800,000
Repurchase Agreement dated 03/31/22 at 0.380%, due on 04/01/22 with a maturity value of $1,300,014; collateralized by various Common Stock with an aggregate market value of $1,444,564.		1,300,000		1,300,000
Repurchase Agreement dated 03/31/22 at 0.410%, due on 04/01/22 with a maturity value of $1,200,014; collateralized by various Common Stock with an aggregate market value of $1,333,548.		1,200,000		1,200,000
Repurchase Agreement dated 03/31/22 at 0.420%, due on 04/07/22 with a maturity value of $800,065; collateralized by various Common Stock with an aggregate market value of $889,032.		800,000		800,000
TD Prime Services LLC Repurchase Agreement dated 03/31/22 at 0.400%, due on 04/01/22 with a maturity value of $2,000,022; collateralized by various Common Stock with an aggregate market value of $2,316,377.		2,000,000		2,000,000
				40,854,343
Time Deposits—0.6%
DZ Bank AG (NY) 0.300%, 04/01/22		2,000,000		2,000,000
Skandi (NY) 0.300%, 04/01/22		2,000,000		2,000,000
Time Deposits—(Continued)
Svenska (NY) 0.260%, 04/01/22		2,000,000		2,000,000
				6,000,000
Mutual Funds—0.5%
Fidelity Government Portfolio, Class I 0.120% (m)		500,000		500,000
Fidelity Government Portfolio, Institutional Class  0.160% (m)		500,000		500,000
Morgan Stanley Liquidity Funds Government Portfolio, Institutional Shares 0.230% (m)		3,800,000		3,800,000
				4,800,000
Total Securities Lending Reinvestments (Cost $63,054,321)				63,048,821
Total Purchased Options—0.0% (n) (Cost $329,588)				182,266
Total Investments—106.2% (Cost $1,039,719,257)				1,010,872,284
Unfunded Loan Commitments—(0.1)% (Cost $(987,830))				(987,830	)
Net Investments—106.1% (Cost $1,038,731,427)				1,009,884,454
Other assets and liabilities (net)—(6.1)%				(58,349,939	)
Net Assets—100.0%			$	951,534,515

*	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 March 31, 2022, the market value of restricted securities was $680,408, 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 March 31, 2022, the market value of securities loaned was $87,719,157 and the collateral received consisted of cash in the amount of $63,054,030 and non-cash collateral with a value of $28,439,971. 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 March 31, 2022. 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.

BHFTI-81

Brighthouse Funds Trust I

BlackRock High Yield Portfolio

Schedule of Investments as of March 31, 2022 (Unaudited)

(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 March 31, 2022, these securities represent less than 0.05% of net assets.
(h)	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.
(i)	This loan will settle after March 31, 2022, at which time the interest rate will be determined.
(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)	Non-income producing security.
(l)	Represents investment of cash collateral received from securities on loan as of March 31, 2022.
(m)	The rate shown represents the annualized seven-day yield as of March 31, 2022.
(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 March 31, 2022, the market value of 144A securities was $619,064,786, which is 65.1% of net assets.

Restricted Securities	Acquisition Date		Principal Amount		Cost		Value
ION Trading Technologies Sarl, 5.750%, 05/15/28		05/03/21	$	706,000	$	712,000	$	680,408

Forward Foreign Currency Exchange Contracts

Contracts to Buy		Counterparty	Settlement Date		In Exchange for			Unrealized Appreciation/ (Depreciation)
EUR	188,000	RBC		04/04/22		USD	209,697	$	(1,722	)
EUR	100,074	UBSA		06/15/22		USD	110,767		238
Contracts to Deliver
EUR	20,330,000	BNP		06/15/22		USD	22,370,583		(180,221	)
EUR	188,000	RBC		06/15/22		USD	210,257		1,720
EUR	2,000	TDB		06/15/22		USD	2,206		(12	)
EUR	169,000	WBC		06/15/22		USD	187,125		(336	)
GBP	3,211,000	TDB		06/15/22		USD	4,188,791		(28,115	)
Net Unrealized Depreciation								$	(208,448	)

Futures Contracts

Futures Contracts—Short	Expiration Date		Number of Contracts			Notional Value				Value/ Unrealized Appreciation
U.S. Treasury Long Bond Futures		06/21/22		(2	)		USD	(300,125	)	$	9,132
U.S. Treasury Note 10 Year Futures		06/21/22		(41	)		USD	(5,037,875	)		153,694
U.S. Treasury Ultra Long Bond Futures		06/21/22		(47	)		USD	(8,324,875	)		243,437
Net Unrealized Appreciation										$	406,263

Purchased Options

Exchange-Traded Equity Options	Strike Price			Expiration Date		Number of Contracts		Notional Amount			Premiums Paid		Market Value		Unrealized Appreciation/ (Depreciation)
Call - Euro STOXX 50 Index		EUR	4,200.000		06/17/22		8		EUR	336,000	$	3,876	$	2,319	$	(1,557	)
Call - Euro STOXX Banks Index		EUR	105.000		04/14/22		31		EUR	162,750		3,618		86		(3,533	)
Call - Euro STOXX Banks Index		EUR	100.000		06/17/22		27		EUR	135,000		4,161		2,165		(1,995	)
Put - SPDR S&P 500 ETF Trust		USD	438.000		04/14/22		295		USD	12,921,000		144,647		56,640		(88,007	)
Put - SPDR S&P 500 ETF Trust		USD	440.000		05/06/22		194		USD	8,536,000		173,286		121,056		(52,230	)
Totals											$	329,588	$	182,266	$	(147,322	)

BHFTI-82

Brighthouse Funds Trust I

BlackRock High Yield Portfolio

Schedule of Investments as of March 31, 2022 (Unaudited)

Written Options

Exchange-Traded Equity Options	Strike Price			Expiration Date		Number of Contracts			Notional Amount				Premiums Received			Market Value			Unrealized Appreciation/ (Depreciation)
Call - Euro STOXX 50 Index		EUR	4,400.000		06/17/22		(8	)		EUR	(352,000	)	$	(887	)	$	(469	)	$	418
Call - Euro STOXX Banks Index		EUR	115.000		04/14/22		(31	)		EUR	(178,250	)		(660	)		(86	)		574
Call - Euro STOXX Banks Index		EUR	110.000		06/17/22		(27	)		EUR	(148,500	)		(1,078	)		(448	)		630
Put - SPDR S&P 500 ETF Trust		USD	415.000		04/14/22		(295	)		USD	(12,242,500	)		(49,802	)		(15,635	)		34,167
Put - SPDR S&P 500 ETF Trust		USD	415.000		05/06/22		(194	)		USD	(8,051,000	)		(78,137	)		(44,232	)		33,905
Totals													$	(130,564	)	$	(60,870	)	$	69,694

Swap Agreements

OTC Credit Default Swaps on Corporate Issues—Sell Protection (a)

Reference Obligation	Fixed Deal Receive Rate			Payment Frequency		Maturity Date		Counterparty	Implied Credit Spread at March 31, 2022(b)			Notional Amount(c)			Market Value			Upfront Premium Paid/(Received)			Unrealized Appreciation/ (Depreciation)
ADLER Real Estate AG 2.125%, due 02/06/24		5.000	%		Quarterly		12/20/26	CBNA		4.851	%		EUR	10,000	$	60		$	231		$	(171	)
Century Link, Inc. 6.150%, due 09/15/19		1.000	%		Quarterly		12/20/23	BBP		1.948	%		USD	348,000		(5,548	)		(9,200	)		3,652
Century Link, Inc. 6.150%, due 09/15/19		1.000	%		Quarterly		06/20/25	BBP		3.008	%		USD	225,000		(13,413	)		(41,969	)		28,556
CMA CGM S.A. 7.500%, due 01/15/26		5.000	%		Quarterly		06/20/26	BBP		2.883	%		EUR	10,000		924			790			134
CMA CGM S.A. 6.500%, due 07/15/22		5.000	%		Quarterly		06/20/26	CSI		2.883	%		EUR	10,000		924			439			485
CMA CGM S.A. 7.500%, due 01/15/26		5.000	%		Quarterly		12/20/26	JPMC		3.329	%		EUR	70,000		5,604			2,917			2,687
Intrum AB 3.125% due 07/15/24		5.000	%		Quarterly		12/20/26	CSI		3.840	%		EUR	100,000		5,426			7,672			(2,246	)
Jaguar Land Rover Automotive plc 2.200%, due 07/15/22		5.000	%		Quarterly		12/20/26	BBP		5.317	%		EUR	25,380		(354	)		1,047			(1,401	)
Jaguar Land Rover Automotive plc 2.200%, due 07/15/22		5.000	%		Quarterly		12/20/26	CSI		5.317	%		EUR	24,671		(344	)		1,076			(1,420	)
K&S AG 3.250%, due 07/18/24		5.000	%		Quarterly		12/20/26	JPMC		1.987	%		EUR	60,000		8,952			5,104			3,848
Rolls Royce plc 2.125%, due 06/18/21		1.000	%		Quarterly		06/20/25	CBNA		1.608	%		EUR	10,755		(228	)		(1,226	)		998
Virgin Media Finance plc 3.750%, due 7/15/30		5.000	%		Quarterly		12/20/25	JPMC		2.258	%		EUR	30,000		3,254			3,024			230
Totals															$	5,257		$	(30,095	)	$	35,352

BHFTI-83

Brighthouse Funds Trust I

BlackRock High Yield Portfolio

Schedule of Investments as of March 31, 2022 (Unaudited)

(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
(JPMC)—	JPMorgan Chase Bank N.A.
(RBC)—	Royal Bank of Canada
(TDB)—		Toronto Dominion Bank
(UBSA)—	UBS AG
(WBC)—	Westpac Banking Corp.

Currencies

(EUR)—	Euro
(GBP)—	British Pound
(USD)—	United States Dollar

Index Abbreviations

(EURIBOR)—	Euro InterBank Offered Rate
(FEDEFF PRV)—	Effective Federal Funds 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
(TSFR)—	Term Secured Financing Rate
(UKG)—	U.K. Government Bond

Other Abbreviations

(DAC)—	Designated Activity Company
(ETF)—	Exchange-Traded Fund
(REIT)—	Real Estate Investment Trust

BHFTI-84

Brighthouse Funds Trust I

BlackRock High Yield Portfolio

Schedule of Investments as of March 31, 2022 (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 March 31, 2022:

Description	Level 1		Level 2		Level 3		Total
Corporate Bonds & Notes
Advertising	$	—	$	11,559,044	$	—	$	11,559,044
Aerospace/Defense		—		25,409,869		—		25,409,869
Agriculture		—		114,626		—		114,626
Airlines		—		17,059,935		—		17,059,935
Apparel		—		2,130,956		—		2,130,956
Auto Manufacturers		—		11,207,697		—		11,207,697
Auto Parts & Equipment		—		13,219,861		—		13,219,861
Banks		—		8,664,218		—		8,664,218
Biotechnology		—		331,117		—		331,117
Building Materials		—		8,123,395		—		8,123,395
Chemicals		—		17,479,192		—		17,479,192
Commercial Services		—		40,777,069		—		40,777,069
Computers		—		7,979,729		—		7,979,729
Cosmetics/Personal Care		—		532,575		—		532,575
Distribution/Wholesale		—		624,408		—		624,408
Diversified Financial Services		—		19,154,492		—		19,154,492
Electric		—		15,313,563		—		15,313,563
Electrical Components & Equipment		—		2,453,188		—		2,453,188
Electronics		—		4,944,090		—		4,944,090
Energy-Alternate Sources		—		392,676		—		392,676
Engineering & Construction		—		2,230,027		—		2,230,027
Entertainment		—		38,506,233		—		38,506,233
Environmental Control		—		7,457,182		—		7,457,182
Food		—		17,773,396		—		17,773,396
Food Service		—		1,122,119		—		1,122,119
Hand/Machine Tools		—		103,573		—		103,573
Healthcare-Products		—		8,975,373		—		8,975,373
Healthcare-Services		—		39,491,106		—		39,491,106
Home Builders		—		6,721,570		—		6,721,570
Home Furnishings		—		1,282,884		—		1,282,884
Household Products/Wares		—		1,526,909		—		1,526,909
Housewares		—		2,682,882		—		2,682,882
Insurance		—		16,797,665		—		16,797,665
Internet		—		15,374,359		—		15,374,359
Investment Companies		—		4,195,660		—		4,195,660
Iron/Steel		—		5,746,472		—		5,746,472
Leisure Time		—		18,468,320		—		18,468,320
Lodging		—		5,396,688		—		5,396,688
Machinery-Construction & Mining		—		3,750,512		—		3,750,512
Machinery-Diversified		—		8,377,854		—		8,377,854
Media		—		50,943,204		—		50,943,204
Metal Fabricate/Hardware		—		952,269		—		952,269
Mining		—		10,018,846		—		10,018,846
Miscellaneous Manufacturing		—		958,067		—		958,067
Office/Business Equipment		—		111,714		—		111,714

BHFTI-85

Brighthouse Funds Trust I

BlackRock High Yield Portfolio

Schedule of Investments as of March 31, 2022 (Unaudited)

Fair Value Hierarchy—(Continued)

Description	Level 1			Level 2			Level 3		Total
Oil & Gas	$	—		$	46,363,939		$	—	$	46,363,939
Oil & Gas Services		—			3,435,339			—		3,435,339
Packaging & Containers		—			17,751,444			—		17,751,444
Pharmaceuticals		—			19,217,474			—		19,217,474
Pipelines		—			48,713,616			—		48,713,616
Real Estate		—			5,454,949			0		5,454,949
Real Estate Investment Trusts		—			25,339,555			—		25,339,555
Retail		—			31,704,221			—		31,704,221
Semiconductors		—			1,350,373			—		1,350,373
Software		—			25,579,692			—		25,579,692
Telecommunications		—			75,893,804			—		75,893,804
Toys/Games/Hobbies		—			2,143,010			—		2,143,010
Transportation		—			1,147,491			—		1,147,491
Trucking & Leasing		—			996,508			—		996,508
Water		—			212,682			—		212,682
Total Corporate Bonds & Notes		—			781,740,681			0		781,740,681
Total Floating Rate Loans (Less Unfunded Loan Commitments of $987,830)*		—			122,033,432			—		122,033,432
Total Common Stocks*		22,646,261			—			—		22,646,261
Total Convertible Bonds*		—			4,898,973			—		4,898,973
Total Escrow Shares*		—			11,591			—		11,591
Total Short-Term Investment*		—			15,322,429			—		15,322,429
Securities Lending Reinvestments
Certificates of Deposit		—			9,394,848			—		9,394,848
Commercial Paper		—			1,999,630			—		1,999,630
Repurchase Agreements		—			40,854,343			—		40,854,343
Time Deposits		—			6,000,000			—		6,000,000
Mutual Funds		4,800,000			—			—		4,800,000
Total Securities Lending Reinvestments		4,800,000			58,248,821			—		63,048,821
Total Purchased Options	$	182,266		$	—		$	—	$	182,266
Total Net Investments	$	27,628,527		$	982,255,927		$	0	$	1,009,884,454
Collateral for Securities Loaned (Liability)	$	—		$	(63,054,030	)	$	—	$	(63,054,030	)
Forward Contracts
Forward Foreign Currency Exchange Contracts (Unrealized Appreciation)	$	—		$	1,958		$	—	$	1,958
Forward Foreign Currency Exchange Contracts (Unrealized Depreciation)		—			(210,406	)		—		(210,406	)
Total Forward Contracts	$	—		$	(208,448	)	$	—	$	(208,448	)
Futures Contracts
Futures Contracts (Unrealized Appreciation)	$	406,263		$	—		$	—	$	406,263
Total Written Options	$	(60,870	)	$	—		$	—	$	(60,870	)
OTC Swap Contracts
OTC Swap Contracts at Value (Assets)	$	—		$	25,144		$	—	$	25,144
OTC Swap Contracts at Value (Liabilities)		—			(19,887	)		—		(19,887	)
Total OTC Swap Contracts	$	—		$	5,257		$	—	$	5,257

* 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 March 31, 2022 is not presented.

BHFTI-86

Brighthouse Funds Trust I

Brighthouse Asset Allocation 100 Portfolio

Schedule of Investments as of March 31, 2022 (Unaudited)

Mutual Funds—100.0% of Net Assets

Security Description	Shares		Value
Affiliated Investment Companies—100.0%
Allspring Mid Cap Value Portfolio (Class A) (a)		1,256,685	$	19,415,778
Baillie Gifford International Stock Portfolio (Class A) (b)		6,173,440		73,216,998
BlackRock Capital Appreciation Portfolio (Class A) (b)		1,382,462		67,063,213
Brighthouse Small Cap Value Portfolio (Class A) (a)		3,099,215		57,490,437
Brighthouse/abrdn Emerging Markets Equity Portfolio (Class A) (a)		3,814,348		44,132,001
Brighthouse/Artisan International Portfolio (Class A) (a)		6,069,485		74,169,103
Brighthouse/Artisan Mid Cap Value Portfolio (Class A) (b)		51,110		14,560,222
Brighthouse/Dimensional International Small Company Portfolio (Class A) (b)		7,578,754		92,839,742
Brighthouse/Wellington Core Equity Opportunities Portfolio (Class A) (b)		2,519,648		98,619,035
Brighthouse/Wellington Large Cap Research Portfolio (Class A) (a)		4,026,336		72,916,938
CBRE Global Real Estate Portfolio (Class A) (a)		4,143,085		58,334,633
Frontier Mid Cap Growth Portfolio (Class A) (b)		476,927		18,480,920
Harris Oakmark International Portfolio (Class A) (a)		7,510,072		99,433,360
Invesco Comstock Portfolio (Class A) (a)		6,445,272		112,534,448
Invesco Global Equity Portfolio (Class A) (a)		1,564,440		42,896,941
Invesco Small Cap Growth Portfolio (Class A) (a)		2,362,194		32,125,844
Jennison Growth Portfolio (Class A) (b)		5,544,835		99,585,244
JPMorgan Small Cap Value Portfolio (Class A) (a)		2,041,649		39,689,665
Loomis Sayles Growth Portfolio (Class A) (a)		7,730,701		118,279,732
Affiliated Investment Companies—(Continued)
Loomis Sayles Small Cap Growth Portfolio (Class A) (b)		3,582,609		50,658,085
MFS Research International Portfolio (Class A) (a)		4,438,720		59,523,241
MFS Value Portfolio (Class A) (b)		6,581,876		121,238,151
Morgan Stanley Discovery Portfolio (Class A) (a)		545,028		8,813,099
Neuberger Berman Genesis Portfolio (Class A) (b)		900,489		21,296,554
SSGA Emerging Markets Enhanced Index Portfolio (Class A) (a)		3,703,278		39,847,268
T. Rowe Price Large Cap Growth Portfolio (Class A) (b)		3,905,800		101,785,144
T. Rowe Price Large Cap Value Portfolio (Class A) (a)		3,109,222		111,310,146
T. Rowe Price Mid Cap Growth Portfolio (Class A) (a)		1,186,360		13,809,232
T. Rowe Price Small Cap Growth Portfolio (Class A) (b)		1,346,513		32,181,664
VanEck Global Natural Resources Portfolio (Class A) (b)		3,020,708		44,555,448
Victory Sycamore Mid Cap Value Portfolio (Class A) (a)		408,287		9,905,050
Total Mutual Funds (Cost $1,588,279,721)				1,850,707,336
Total Investments—100.0% (Cost $1,588,279,721)				1,850,707,336
Other assets and liabilities (net)—0.0%				(626,740	)
Net Assets—100.0%			$	1,850,080,596

(a)	A Portfolio of Brighthouse Funds Trust I.
(b)	A Portfolio of Brighthouse Funds Trust II.

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 March 31, 2022:

Description	Level 1		Level 2		Level 3		Total
Mutual Funds
Affiliated Investment Companies	$	1,850,707,336	$	—	$	—	$	1,850,707,336
Total Investments	$	1,850,707,336	$	—	$	—	$	1,850,707,336

BHFTI-87

Brighthouse Funds Trust I

Brighthouse Balanced Plus Portfolio

Schedule of Investments as of March 31, 2022 (Unaudited)

Mutual Funds—71.1% of Net Assets

Security Description	Shares		Value
Affiliated Investment Companies—71.1%
AB International Bond Portfolio (Class A) (a)		13,512,778	$	130,533,437
Allspring Mid Cap Value Portfolio (Class A) (a)		10,418,952		160,972,815
Baillie Gifford International Stock Portfolio (Class A) (b)		22,171,257		262,951,107
BlackRock Bond Income Portfolio (Class A) (b)		7,516,457		762,319,118
BlackRock Capital Appreciation Portfolio (Class A) (b)		469,727		22,786,438
BlackRock High Yield Portfolio (Class A) (a)		13,729,186		106,538,486
Brighthouse Small Cap Value Portfolio (Class A) (a)		7,018,483		130,192,856
Brighthouse/abrdn Emerging Markets Equity Portfolio (Class A) (a)		8,009,334		92,667,993
Brighthouse/Artisan International Portfolio (Class A) (a)		16,659,881		203,583,748
Brighthouse/Artisan Mid Cap Value Portfolio (Class A) (b)		565,571		161,119,730
Brighthouse/Dimensional International Small Company Portfolio (Class A) (b)		11,982,498		146,785,606
Brighthouse/Eaton Vance Floating Rate Portfolio (Class A) (a)		16,095,111		160,307,307
Brighthouse/Franklin Low Duration Total Return Portfolio (Class A) (a)		29,165,860		263,951,037
Brighthouse/Templeton International Bond Portfolio (Class A) (a) (c)		17,465,409		140,072,580
Brighthouse/Wellington Core Equity Opportunities Portfolio (Class A) (b)		1,088,824		42,616,588
Brighthouse/Wellington Large Cap Research Portfolio (Class A) (a)		2,679,163		48,519,650
CBRE Global Real Estate Portfolio (Class A) (a)		6,956,756		97,951,129
Frontier Mid Cap Growth Portfolio (Class A) (b)		3,541,460		137,231,559
Harris Oakmark International Portfolio (Class A) (a)		28,770,542		380,921,983
Invesco Comstock Portfolio (Class A) (a)		681,029		11,890,769
Invesco Global Equity Portfolio (Class A) (a)		3,602,784		98,788,336
Invesco Small Cap Growth Portfolio (Class A) (a)		6,586,872		89,581,459
Jennison Growth Portfolio (Class A) (b)		1,849,406		33,215,334
JPMorgan Core Bond Portfolio (Class A) (a)		45,490,806		446,719,712
JPMorgan Small Cap Value Portfolio (Class A) (a)		4,847,150		94,228,605
Loomis Sayles Growth Portfolio (Class A) (a)		1,738,180		26,594,149
MFS Research International Portfolio (Class A) (a)		20,163,536		270,393,013
MFS Value Portfolio (Class A) (b)		1,874,728		34,532,487
Morgan Stanley Discovery Portfolio (Class A) (a)		3,063,846		49,542,397
Neuberger Berman Genesis Portfolio (Class A) (b)		3,082,839		72,909,137
PIMCO Inflation Protected Bond Portfolio (Class A) (a)		19,314,084		213,227,492
PIMCO Total Return Portfolio (Class A) (a)		52,551,672		573,338,738
SSGA Emerging Markets Enhanced Index Portfolio (Class A) (a)		8,490,480		91,357,566
T. Rowe Price Large Cap Value Portfolio (Class A) (a)		751,075		26,888,501
T. Rowe Price Mid Cap Growth Portfolio (Class A) (a)		6,728,154		78,315,714
T. Rowe Price Small Cap Growth Portfolio (Class A) (b)		5,383,679		128,669,919
TCW Core Fixed Income Portfolio (Class A) (a)		63,737,832		615,070,075
VanEck Global Natural Resources Portfolio (Class A) (b)		11,364,305		167,623,495
Western Asset Management Strategic Bond Opportunities Portfolio (Class A) (b)		26,824,048		345,493,737
Western Asset Management U.S. Government Portfolio (Class A) (b)		33,077,458		367,490,557
Total Mutual Funds (Cost $7,034,616,043)				7,287,894,359
U.S. Treasury & Government Agencies—28.2%
Security Description	Principal Amount*		Value
Agency Sponsored Mortgage - Backed—1.7%
Fannie Mae 30 Yr. Pool 4.000%, 08/01/47		28,529		29,413
4.000%, 06/01/48		119,799		122,877
4.000%, 11/01/48		7,122		7,292
4.000%, 03/01/49		1,261,036		1,290,456
4.000%, 08/01/49		166,860		170,539
4.000%, 03/01/50		27,414,615		27,989,256
4.000%, 07/01/50		5,386,726		5,501,945
Fannie Mae Pool 2.920%, 03/01/35		2,950,000		2,827,906
3.180%, 07/01/35		2,572,387		2,561,436
Freddie Mac 30 Yr. Pool 4.000%, 05/01/48		6,437		6,597
4.000%, 03/01/50		116,378		119,183
4.000%, 05/01/50		57,653		58,912
Freddie Mac Multifamily Structured Pass-Through Certificates 3.176%, 11/25/28		4,022,496		4,086,809
Ginnie Mae II 30 Yr. Pool 4.000%, TBA (d)		110,000,000		111,698,984
Uniform Mortgage-Backed Securities 30 Yr. Pool 4.000%, TBA (d)		16,000,000		16,269,259
				172,740,864
Federal Agencies—0.3%
Resolution Funding Corp. Principal Strip
Zero Coupon, 04/15/30		19,500,000		15,793,646
Tennessee Valley Authority 2.875%, 02/01/27		1,700,000		1,721,272
4.250%, 09/15/65		10,000,000		12,335,527
				29,850,445
U.S. Treasury—26.2%
U.S. Treasury Bonds
1.375%, 11/15/40		48,000,000		39,241,875
1.375%, 08/15/50		367,400,000		282,783,188
1.625%, 11/15/50		144,200,000		118,165,140
1.875%, 02/15/41		32,200,000		28,671,836
1.875%, 02/15/51		173,000,000		151,165,507
1.875%, 11/15/51 (e)		15,000,000		13,157,813
2.000%, 08/15/51		66,300,000		59,815,031
2.250%, 05/15/41		75,000,000		70,801,758
2.750%, 11/15/42		196,000,000		199,047,188
2.875%, 05/15/43		126,000,000		130,439,532
2.875%, 11/15/46		114,100,000		119,960,996
3.000%, 11/15/44		80,000,000		84,775,000
3.125%, 02/15/43		89,700,000		96,539,625
3.375%, 05/15/44		99,895,000		112,163,355
U.S. Treasury Notes
0.250%, 09/30/25		40,000,000		36,950,000
0.375%, 12/31/25		50,000,000		46,169,922
0.375%, 09/30/27		125,000,000		111,596,680
0.500%, 02/28/26 (f)		21,100,000		19,507,609
0.750%, 05/31/26		300,000,000		279,023,436
1.125%, 02/15/31		39,700,000		35,846,309
1.250%, 04/30/28		49,000,000		45,646,563
1.250%, 08/15/31		60,000,000		54,543,750
1.375%, 10/31/28		37,900,000		35,430,578
1.500%, 11/30/24 (f)		100,000,000		97,414,062

BHFTI-88

Brighthouse Funds Trust I

Brighthouse Balanced Plus Portfolio

Schedule of Investments as of March 31, 2022 (Unaudited)

U.S. Treasury & Government Agencies—(Continued)

Security Description	Principal Amount*		Value
U.S. Treasury—(Continued)
U.S. Treasury Notes
2.750%, 08/31/23		422,000,000	$	425,873,829
				2,694,730,582
Total U.S. Treasury & Government Agencies (Cost $3,016,983,677)				2,897,321,891
Corporate Bonds & Notes—1.7%
Banks—1.6%
Bank of America Corp. 3.419%, 3M LIBOR + 1.040%, 12/20/28 (g)		20,000,000		19,797,885
Citigroup, Inc. 3.887%, 3M LIBOR + 1.563%, 01/10/28 (g)		20,000,000		20,224,993
Cooperative Rabobank UA 4.375%, 08/04/25		5,000,000		5,081,304
Goldman Sachs Group, Inc. (The) 3.691%, 3M LIBOR + 1.510%, 06/05/28 (g)		10,000,000		10,011,472
3.750%, 02/25/26		19,500,000		19,807,547
HSBC Holdings plc 4.300%, 03/08/26		20,000,000		20,521,500
5.250%, 03/14/44		3,000,000		3,308,646
JPMorgan Chase & Co. 3.540%, 3M LIBOR + 1.380%, 05/01/28 (g)		10,000,000		10,026,166
4.000%, SOFR + 2.745%, 04/01/25 (g)		8,000,000		7,544,000
6.125%, 3M LIBOR + 3.330%, 04/30/24 (g)		3,000,000		3,027,000
Mitsubishi UFJ Financial Group, Inc. 2.852%, 1Y H15 + 1.100%, 01/19/33 (g)		5,100,000		4,752,167
Mizuho Financial Group, Inc. 4.254%, 3M LIBOR + 1.270%, 09/11/29 (g)		5,000,000		5,126,984
Morgan Stanley 3.591%, 3M LIBOR + 1.340%, 07/22/28 (g)		20,000,000		20,055,620
UBS Group AG 3.179%, 1Y H15 + 1.100%, 02/11/43 (144A) (g)		3,000,000		2,665,641
Wells Fargo & Co. 5.900%, 3M LIBOR + 3.110%, 06/15/24 (g)		8,600,000		8,664,500
				160,615,425
Diversified Financial Services—0.0%
Blackstone Holdings Finance Co. LLC 3.200%, 01/30/52 (144A)		1,300,000		1,125,111
Electric—0.0%
Israel Electric Corp., Ltd. 3.750%, 02/22/32 (144A)		900,000		862,844
Insurance—0.1%
MassMutual Global Funding II 2.500%, 10/17/22 (144A)		4,000,000		4,024,622
Telecommunications—0.0%
AT&T, Inc. 3.500%, 09/15/53		2,045,000		1,794,373
3.800%, 12/01/57		1,556,000		1,419,601
				3,213,974
Transportation—0.0%
Vessel Management Services, Inc. 3.432%, 08/15/36		2,363,000		2,422,018
Total Corporate Bonds & Notes (Cost $177,632,064)				172,263,994
Mortgage-Backed Securities—0.2%
Security Description	Principal Amount*		Value
Collateralized Mortgage Obligations—0.2%
Citigroup Mortgage Loan Trust 3.000%, 11/27/51 (144A) (g)		22,626,124		21,736,194
Total Mortgage-Backed Securities (Cost $22,502,389)				21,736,194
Municipals—0.0%
Los Angeles Community College District, Build America Bond 6.750%, 08/01/49		400,000		602,446
Port Authority of New York & New Jersey 4.458%, 10/01/62		1,845,000		2,049,782
Total Municipals (Cost $2,512,921)				2,652,228
Short-Term Investments—0.3%
Repurchase Agreements—0.3%
Deutsche Bank Securities, Inc. Repurchase Agreement dated 03/31/22 at 0.260%, due on 04/01/22 with a maturity value of $21,400,155; collateralized by U.S. Treasury Bond at 3.125%, maturing 11/15/41, with a market value of $21,598,269.		21,400,000		21,400,000
Fixed Income Clearing Corp. Repurchase Agreement dated 03/31/22 at 0.000%, due on 04/01/22 with a maturity value of $5,095,948; collateralized by U.S. Treasury Note at 0.125%, maturing 10/15/24, with a market value of $5,197,952.		5,095,948		5,095,948
Total Short-Term Investments (Cost $26,495,948)				26,495,948
Total Investments—101.5% (Cost $10,280,743,042)				10,408,364,614
Other assets and liabilities (net)—(1.5)%				(153,342,638	)
Net Assets—100.0%			$	10,255,021,976

*	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 this security has been transferred in a secured-borrowing transaction.
(f)	All or a portion of the security was pledged as collateral against open futures contracts. As of March 31, 2022, the market value of securities pledged was $83,409,599.
(g)	Variable or floating rate security. The stated rate represents the rate at March 31, 2022. 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.
(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 March 31, 2022, the market value of 144A securities was $30,414,412, which is 0.3% of net assets.

BHFTI-89

Brighthouse Funds Trust I

Brighthouse Balanced Plus Portfolio

Schedule of Investments as of March 31, 2022 (Unaudited)

Forward Foreign Currency Exchange Contracts

Contracts to Deliver		Counterparty	Settlement Date		In Exchange for			Unrealized Appreciation
JPY	20,900,000	GSBU		04/04/22		USD	182,133	$	10,455

Futures Contracts

Futures Contracts—Long	Expiration Date		Number of Contracts		Notional Amount			Value/ Unrealized Appreciation/ (Depreciation)
S&P 500 Index E-Mini Futures		06/17/22		6,872		USD	1,556,765,700	$	30,043,104

Glossary of Abbreviations

Counterparties

(GSBU)— Goldman Sachs Bank USA

Currencies

(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
(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 March 31, 2022:

Description	Level 1		Level 2		Level 3		Total
Total Mutual Funds*	$	7,287,894,359	$	—	$	—	$	7,287,894,359
Total U.S. Treasury & Government Agencies*		—		2,897,321,891		—		2,897,321,891
Total Corporate Bonds & Notes*		—		172,263,994		—		172,263,994
Total Mortgage-Backed Securities*		—		21,736,194		—		21,736,194
Total Municipals*		—		2,652,228		—		2,652,228
Total Short-Term Investments*		—		26,495,948		—		26,495,948
Total Investments	$	7,287,894,359	$	3,120,470,255	$	—	$	10,408,364,614
Secured Borrowings (Liability)	$	—	$	12,938,412	$	—	$	12,938,412
Forward Contracts
Forward Foreign Currency Exchange Contracts (Unrealized Appreciation)	$	—	$	10,455	$	—	$	10,455
Futures Contracts
Futures Contracts (Unrealized Appreciation)	$	30,043,104	$	—	$	—	$	30,043,104

* See Schedule of Investments for additional detailed categorizations.

BHFTI-90

Brighthouse Funds Trust I

Brighthouse Small Cap Value Portfolio

Schedule of Investments as of March 31, 2022 (Unaudited)

Common Stocks—97.9% of Net Assets

Security Description	Shares		Value
Aerospace & Defense—0.4%
Parsons Corp. (a) (b)		121,515	$	4,702,630
Auto Components—1.1%
Adient plc (a) (b)		107,900		4,399,083
Holley, Inc. (a) (b)		576,458		8,018,531
				12,417,614
Banks—12.9%
Associated Banc-Corp. (b)		182,524		4,154,246
Bank of NT Butterfield & Son, Ltd. (The)		92,800		3,329,664
CVB Financial Corp. (b)		188,630		4,378,102
East West Bancorp, Inc.		187,800		14,839,956
First Financial Bancorp		209,700		4,833,585
First Hawaiian, Inc. (b)		107,770		3,005,705
First Interstate BancSystem, Inc. - Class A		181,387		6,669,600
FNB Corp.		675,900		8,414,955
Hancock Whitney Corp.		314,084		16,379,480
Hope Bancorp, Inc.		106,273		1,708,870
Metropolitan Bank Holding Corp. (a)		6,353		646,545
NBT Bancorp, Inc.		13,515		488,297
Prosperity Bancshares, Inc.		34,120		2,367,246
Renasant Corp.		114,795		3,839,893
S&T Bancorp, Inc.		65,141		1,926,871
Sandy Spring Bancorp, Inc. (b)		65,100		2,924,292
SouthState Corp. (b)		65,979		5,383,227
Synovus Financial Corp.		146,500		7,178,500
UMB Financial Corp. (b)		136,999		13,310,823
Umpqua Holdings Corp.		432,350		8,154,121
Valley National Bancorp (b)		565,200		7,358,904
Webster Financial Corp.		262,302		14,720,388
Western Alliance Bancorp		124,300		10,294,526
				146,307,796
Beverages—0.4%
Primo Water Corp.		315,867		4,501,105
Building Products—3.2%
CSW Industrials, Inc. (b)		85,883		10,098,982
Griffon Corp.		188,923		3,784,128
Janus International Group Inc. (a) (b)		258,041		2,322,369
JELD-WEN Holding, Inc. (a) (b)		73,618		1,492,973
Quanex Building Products Corp. (b)		276,375		5,801,111
Simpson Manufacturing Co., Inc.		42,622		4,647,503
UFP Industries, Inc.		46,535		3,590,640
Zurn Water Solutions Corp.		119,500		4,230,300
				35,968,006
Capital Markets—1.7%
Apollo Investment Corp. (b)		185,536		2,452,786
GlassBridge Enterprises, Inc. (a) (b)		572		3,718
New Mountain Finance Corp. (b)		255,654		3,540,808
Stifel Financial Corp. (b)		173,850		11,804,415
Westwood Holdings Group, Inc.		67,917		1,040,488
				18,842,215
Chemicals—6.0%
Ashland Global Holdings, Inc.		34,400	$	3,385,304
Avient Corp. (b)		379,681		18,224,688
Diversey Holdings, Ltd. (a) (b)		194,674		1,473,682
Ecovyst, Inc. (b)		328,325		3,795,437
Element Solutions, Inc.		81,165		1,777,514
HB Fuller Co.		70,800		4,677,756
Huntsman Corp. (b)		177,400		6,654,274
Innospec, Inc.		179,137		16,579,129
Minerals Technologies, Inc. (b)		22,942		1,517,613
NewMarket Corp. (b)		24,212		7,853,889
Scotts Miracle-Gro Co. (The) (b)		18,600		2,287,056
				68,226,342
Commercial Services & Supplies—2.0%
ACCO Brands Corp.		392,571		3,140,568
Deluxe Corp. (b)		38,924		1,177,062
Ennis, Inc. (b)		137,619		2,541,823
Harsco Corp. (a) (b)		174,945		2,141,327
Healthcare Services Group, Inc. (b)		168,716		3,133,056
Matthews International Corp. - Class A (b)		30,608		990,475
UniFirst Corp.		27,000		4,975,560
Viad Corp. (a) (b)		123,833		4,413,408
				22,513,279
Communications Equipment—0.8%
NETGEAR, Inc. (a) (b)		52,552		1,296,983
NetScout Systems, Inc. (a)		96,590		3,098,607
Viavi Solutions, Inc. (a) (b)		284,500		4,574,760
				8,970,350
Construction & Engineering—1.9%
API Group Corp. (a) (b)		359,049		7,550,800
MasTec, Inc. (a) (b)		129,445		11,274,660
Primoris Services Corp.		111,200		2,648,784
				21,474,244
Construction Materials—1.5%
Eagle Materials, Inc. (b)		114,394		14,683,614
Summit Materials, Inc. - Class A (a) (b)		94,000		2,919,640
				17,603,254
Consumer Finance—0.1%
PROG Holdings, Inc. (a)		56,148		1,615,378
Containers & Packaging—2.6%
Berry Global Group, Inc. (a)		128,903		7,471,218
Myers Industries, Inc. (b)		168,662		3,643,099
Silgan Holdings, Inc. (b)		241,835		11,180,032
TriMas Corp. (b)		209,428		6,720,545
				29,014,894
Diversified Consumer Services—0.3%
Service Corp. International		55,750		3,669,465

BHFTI-91

Brighthouse Funds Trust I

Brighthouse Small Cap Value Portfolio

Schedule of Investments as of March 31, 2022 (Unaudited)

Common Stocks—(Continued)

Security Description	Shares		Value
Diversified Financial Services—0.4%
Jackson Financial, Inc. - Class A (b)		101,816	$	4,503,322
Electric Utilities—1.1%
ALLETE, Inc. (b)		101,694		6,811,464
Hawaiian Electric Industries, Inc.		125,318		5,302,205
				12,113,669
Electrical Equipment—2.0%
Atkore, Inc. (a)		162,268		15,973,662
Babcock & Wilcox Enterprises, Inc. (a) (b)		303,570		2,477,131
Regal Rexnord Corp. (b)		26,606		3,958,441
				22,409,234
Electronic Equipment, Instruments & Components—2.0%
Belden, Inc. (b)		108,909		6,033,559
Flex, Ltd. (a)		376,637		6,986,616
TD SYNNEX Corp.		35,300		3,643,313
TTM Technologies, Inc. (a)		332,376		4,925,812
Vishay Intertechnology, Inc.		71,900		1,409,240
				22,998,540
Energy Equipment & Services—1.8%
Dril-Quip, Inc. (a) (b)		52,500		1,960,875
Forum Energy Technologies, Inc. (a) (b)		18,776		429,970
Helix Energy Solutions Group, Inc. (a) (b)		310,600		1,484,668
Liberty Oilfield Services, Inc. - Class A (a) (b)		136,895		2,028,784
Patterson-UTI Energy, Inc.		819,470		12,685,396
TechnipFMC plc (a) (b)		234,264		1,815,546
				20,405,239
Equity Real Estate Investment Trusts—4.5%
Brandywine Realty Trust		344,000		4,864,160
Independence Realty Trust, Inc. (b)		109,100		2,884,604
Kite Realty Group Trust		221,663		5,047,267
Life Storage, Inc.		40,450		5,680,393
LXP Industrial Trust (b)		341,400		5,359,980
National Health Investors, Inc. (b)		76,100		4,490,661
Outfront Media, Inc.		247,750		7,043,532
RPT Realty		221,100		3,044,547
Spirit Realty Capital, Inc.		136,200		6,267,924
Summit Hotel Properties, Inc. (a)		261,800		2,607,528
Washington Real Estate Investment Trust (b)		148,487		3,786,419
				51,077,015
Food & Staples Retailing—0.4%
Performance Food Group Co. (a)		98,781		5,028,941
Food Products—3.2%
Hostess Brands, Inc. (a)		129,961		2,851,344
J & J Snack Foods Corp. (b)		133,464		20,700,266
Nomad Foods, Ltd. (a)		341,771		7,717,189
Tootsie Roll Industries, Inc. (b)		76,421		2,671,673
UTZ Brands, Inc. (b)		150,615		2,226,090
				36,166,562
Gas Utilities—0.8%
South Jersey Industries, Inc.		133,000	$	4,595,150
Southwest Gas Holdings, Inc.		55,700		4,360,753
				8,955,903
Health Care Equipment & Supplies—2.0%
Avanos Medical, Inc. (a)		86,100		2,884,350
Integer Holdings Corp. (a)		57,500		4,632,775
Integra LifeSciences Holdings Corp. (a)		78,800		5,063,688
Natus Medical, Inc. (a) (b)		116,038		3,049,479
NuVasive, Inc. (a)		52,100		2,954,070
Ortho Clinical Diagnostics Holdings plc (a)		40,120		748,639
Varex Imaging Corp. (a) (b)		162,596		3,461,669
				22,794,670
Health Care Providers & Services—1.5%
Owens & Minor, Inc. (b)		175,941		7,744,923
Patterson Cos., Inc. (b)		140,405		4,544,910
Premier, Inc. - Class A		65,081		2,316,232
Select Medical Holdings Corp.		122,600		2,941,174
				17,547,239
Hotels, Restaurants & Leisure—3.0%
Bowlero Corp. (a)		38,296		407,852
Choice Hotels International, Inc. (b)		22,800		3,232,128
Cracker Barrel Old Country Store, Inc.		30,400		3,609,392
Denny’s Corp. (a) (b)		557,776		7,981,775
Dine Brands Global, Inc. (b)		104,261		8,127,145
Jack in the Box, Inc. (b)		82,734		7,728,183
Texas Roadhouse, Inc.		38,000		3,181,740
				34,268,215
Household Durables—2.0%
Helen of Troy, Ltd. (a) (b)		54,270		10,628,237
KB Home		106,800		3,458,184
Meritage Homes Corp. (a)		49,000		3,882,270
Tupperware Brands Corp. (a) (b)		260,634		5,069,331
				23,038,022
Household Products—2.7%
Central Garden and Pet Co. (Non-Voting Shares) - Class A (a) (b)		123,002		5,016,022
Central Garden and Pet Co. (Voting Shares) (a) (b)		92,740		4,076,850
Spectrum Brands Holdings, Inc. (b)		239,729		21,268,757
				30,361,629
Insurance—5.5%
American Equity Investment Life Holding Co.		217,300		8,672,443
CNO Financial Group, Inc. (b)		74,014		1,857,011
Enstar Group, Ltd. (a) (b)		30,143		7,871,844
Hanover Insurance Group, Inc. (The)		113,005		16,896,508
Kemper Corp.		54,000		3,053,160
National Western Life Group, Inc. - Class A (b)		8,735		1,837,844
ProAssurance Corp.		125,675		3,378,144
Selective Insurance Group, Inc.		91,190		8,148,738
Stewart Information Services Corp.		180,157		10,919,316
				62,635,008

BHFTI-92

Brighthouse Funds Trust I

Brighthouse Small Cap Value Portfolio

Schedule of Investments as of March 31, 2022 (Unaudited)

Common Stocks—(Continued)

Security Description	Shares		Value
IT Services—1.0%
Concentrix Corp.		32,186	$	5,360,900
Kyndryl Holdings, Inc. (a) (b)		145,307		1,906,428
Maximus, Inc. (b)		56,286		4,218,636
				11,485,964
Leisure Products—0.2%
Acushnet Holdings Corp. (b)		62,400		2,512,224
Machinery—7.0%
Alamo Group, Inc. (b)		29,418		4,230,014
Altra Industrial Motion Corp.		122,800		4,780,604
Barnes Group, Inc.		96,200		3,866,278
Columbus McKinnon Corp. (b)		100,037		4,241,569
Douglas Dynamics, Inc. (b)		183,944		6,362,623
Franklin Electric Co., Inc.		171,654		14,254,148
Hillenbrand, Inc.		38,048		1,680,580
Hillman Solutions Corp. (a) (b)		551,815		6,555,562
ITT, Inc.		104,294		7,843,952
Kadant, Inc. (b)		30,781		5,977,362
Mayville Engineering Co., Inc. (a)		91,693		859,164
Mueller Industries, Inc. (b)		317,000		17,171,890
NN, Inc. (a) (b)		105,689		304,384
SPX Corp. (a) (b)		18,765		927,179
				79,055,309
Marine—0.4%
Kirby Corp. (a)		57,500		4,150,925
Media—0.6%
Cable One, Inc. (b)		1,750		2,562,420
DallasNews Corp.		46,771		325,526
Nexstar Media Group, Inc. - Class A (b)		23,100		4,353,888
				7,241,834
Metals & Mining—0.7%
Arconic Corp. (a)		154,100		3,948,042
Compass Minerals International, Inc. (b)		55,041		3,456,024
				7,404,066
Mortgage Real Estate Investment Trusts—1.2%
Apollo Commercial Real Estate Finance, Inc.		218,393		3,042,214
New York Mortgage Trust, Inc. (b)		942,283		3,439,333
Two Harbors Investment Corp. (b)		1,195,398		6,610,551
				13,092,098
Multi-Utilities—0.5%
Black Hills Corp.		69,594		5,360,130
Multiline Retail—0.3%
Franchise Group, Inc. (b)		89,058		3,689,673
Oil, Gas & Consumable Fuels—6.1%
Alto Ingredients, Inc. (a) (b)		175,803		1,198,977
Berry Corp. (b)		205,732		2,123,154
Oil, Gas & Consumable Fuels—(Continued)
CNX Resources Corp. (a)		423,100		8,766,632
Delek U.S. Holdings, Inc. (a)		116,400		2,470,008
Devon Energy Corp.		142,679		8,436,609
EQT Corp.		86,152		2,964,490
Magnolia Oil & Gas Corp. - Class A (b)		666,513		15,763,033
Matador Resources Co.		20,367		1,079,044
Murphy Oil Corp. (b)		149,400		6,034,266
Nordic American Tankers, Ltd. (b)		405,564		863,851
Northern Oil and Gas, Inc. (b)		73,061		2,059,590
Renewable Energy Group, Inc. (a)		54,292		3,292,810
Southwestern Energy Co. (a) (b)		990,425		7,101,347
Whiting Petroleum Corp.		91,575		7,464,278
				69,618,089
Paper & Forest Products—1.8%
Louisiana-Pacific Corp. (b)		165,300		10,268,436
Neenah, Inc. (b)		152,579		6,051,283
Schweitzer-Mauduit International, Inc.		141,578		3,893,395
				20,213,114
Personal Products—0.1%
Edgewell Personal Care Co. (b)		43,106		1,580,697
Pharmaceuticals—0.7%
Perrigo Co. plc (b)		88,017		3,382,493
Prestige Consumer Healthcare, Inc. (a) (b)		77,227		4,088,398
				7,470,891
Professional Services—2.0%
CACI International, Inc. - Class A (a)		11,000		3,313,860
CBIZ, Inc. (a) (b)		176,127		7,392,050
KBR, Inc. (b)		96,560		5,284,729
Korn Ferry		103,349		6,711,484
				22,702,123
Real Estate Management & Development—0.0%
Doma Holdings, Inc. (a) (b)		88,446		191,928
Road & Rail—1.0%
Saia, Inc. (a)		8,900		2,169,998
Werner Enterprises, Inc.		224,917		9,221,597
				11,391,595
Semiconductors & Semiconductor Equipment—2.1%
Cirrus Logic, Inc. (a)		54,800		4,646,492
Diodes, Inc. (a)		40,700		3,540,493
Power Integrations, Inc.		31,100		2,882,348
Teradyne, Inc. (b)		36,500		4,315,395
Tower Semiconductor, Ltd. (U.S. Listed Shares) (a)		174,400		8,440,960
				23,825,688
Software—0.5%
E2open Parent Holdings, Inc. (a) (b)		196,631		1,732,319
NCR Corp. (a) (b)		91,584		3,680,761

BHFTI-93

Brighthouse Funds Trust I

Brighthouse Small Cap Value Portfolio

Schedule of Investments as of March 31, 2022 (Unaudited)

Common Stocks—(Continued)

Security Description	Shares/ Principal Amount*		Value
Software—(Continued)
Synchronoss Technologies, Inc. (a) (b)		439,304	$	759,996
				6,173,076
Special Purpose Acquisition Companies—0.4%
Pershing Square Tontine Holdings, Ltd. - Class A (a)		240,596		4,785,454
Specialty Retail—0.4%
Group 1 Automotive, Inc. (b)		25,900		4,346,797
Technology Hardware, Storage & Peripherals—0.1%
Xerox Holdings Corp.		72,585		1,464,039
Textiles, Apparel & Luxury Goods—0.9%
Delta Apparel, Inc. (a) (b)		61,202		1,823,208
Steven Madden, Ltd.		137,861		5,326,949
Wolverine World Wide, Inc. (b)		146,988		3,316,049
				10,466,206
Thrifts & Mortgage Finance—0.3%
Essent Group, Ltd.		96,100		3,960,281
Trading Companies & Distributors—1.8%
Air Lease Corp. (b)		83,648		3,734,883
Custom Truck One Source, Inc. (a) (b)		490,378		4,114,272
H&E Equipment Services, Inc.		68,600		2,985,472
WESCO International, Inc. (a)		75,400		9,812,556
				20,647,183
Total Common Stocks (Cost $820,118,861)				1,112,959,164
Short-Term Investment—2.0%
Repurchase Agreement—2.0%
Fixed Income Clearing Corp. Repurchase Agreement dated 03/31/22 at 0.000%, due on 04/01/22 with a maturity value of $22,757,552; collateralized by U.S. Treasury Note at 0.125%, maturing 10/15/24, with a market value of $23,212,867.		22,757,552		22,757,552
Total Short-Term Investments (Cost $22,757,552)				22,757,552
Securities Lending Reinvestments (c)—18.9%
Certificates of Deposit—6.8%
Bank of Montreal 0.300%, 06/02/22		6,000,000		5,995,596
Bank of Nova Scotia 0.320%, 06/07/22		5,000,000		4,995,920
0.400%, SOFR + 0.130%, 07/07/22 (d)		1,000,000		1,000,000
Barclays Bank plc 0.180%, 04/07/22		5,000,000		4,999,815
Security Description	Principal Amount*		Value
Certificates of Deposit—(Continued)
BNP Paribas S.A. 0.490%, SOFR + 0.220%, 11/17/22 (d)		2,000,000		1,997,184
Canadian Imperial Bank of Commerce (NY) 0.520%, SOFR + 0.250%, 02/03/23 (d)		3,000,000		2,995,546
0.770%, SOFR + 0.500%, 03/03/23 (d)		3,000,000		3,001,905
Cooperatieve Rabobank UA 0.840%, SOFR + 0.570%, 09/19/22 (d)		5,000,000		5,000,000
Credit Agricole S.A. 0.590%, 05/24/22		5,000,000		4,999,400
Credit Industriel et Commercial (NY) 0.480%, SOFR + 0.210%, 11/08/22 (d)		3,000,000		2,994,465
Credit Suisse Group AG 0.830%, 06/03/22		5,000,000		5,000,920
Goldman Sachs Bank USA 0.470%, SOFR + 0.190%, 09/02/22 (d)		7,000,000		6,991,082
National Australia Bank, Ltd. Zero Coupon, 04/25/22		2,000,000		1,999,280
Natixis S.A. (New York) 0.330%, 06/09/22		1,000,000		999,154
Nordea Bank Abp. 0.720%, SOFR + 0.450%, 08/30/22 (d)		2,000,000		1,999,996
Oversea-Chinese Banking Corp., Ltd. Zero Coupon, 04/14/22		1,200,000		1,199,796
0.720%, SOFR + 0.440%, 09/26/22 (d)		3,000,000		3,000,598
Royal Bank of Canada 0.520%, SOFR + 0.250%, 01/11/23 (d)		6,000,000		5,985,972
Standard Chartered Bank (NY) 0.460%, SOFR + 0.190%, 08/25/22 (d)		3,000,000		2,997,550
Sumitomo Mitsui Banking Corp. 0.200%, 04/26/22		4,000,000		3,999,096
0.720%, SOFR + 0.450%, 09/06/22 (d)		2,000,000		1,999,860
Westpac Banking Corp. 0.500%, SOFR + 0.230%, 02/17/23 (d)		3,000,000		2,990,619
				77,143,754
Commercial Paper—0.4%
DNB Bank ASA 0.830%, SOFR + 0.550%, 09/07/22 (d)		3,000,000		3,001,197
Societe Generale 0.460%, SOFR + 0.190%, 08/18/22 (d)		2,000,000		1,997,982
				4,999,179
Repurchase Agreements—10.0%
Barclays Capital, Inc. Repurchase Agreement dated 03/31/22 at 0.240%, due on 04/01/22 with a maturity value of $17,086,928; collateralized by U.S. Treasury Obligations at 0.000%, maturity dates ranging from 02/15/37 - 11/15/48, and an aggregate market value of $17,428,550.		17,086,814		17,086,814
BofA Securities, Inc.
Repurchase Agreement dated 03/31/22 at 0.600%, due on 04/18/22 with a maturity value of $1,200,360; collateralized by U.S. Treasury Obligations with rates ranging from 0.000% - 2.250%, maturity dates ranging from 07/21/22 - 08/15/49, and various Common Stock with an aggregate market value of $1,270,103.		1,200,000		1,200,000

BHFTI-94

Brighthouse Funds Trust I

Brighthouse Small Cap Value Portfolio

Schedule of Investments as of March 31, 2022 (Unaudited)

Securities Lending Reinvestments (c)—(Continued)

Security Description	Principal Amount*		Value
Repurchase Agreements —(Continued)
BofA Securities, Inc.
Repurchase Agreement dated 03/31/22 at 0.600%, due on 05/05/22 with a maturity value of $1,801,050; collateralized by U.S. Treasury Obligations with rates ranging from 0.000% - 7.500%, maturity dates ranging from 04/21/22 - 08/15/51, and various Common Stock with an aggregate market value of $1,893,403.		1,800,000	$	1,800,000
Cantor Fitzgerald & Co. Repurchase Agreement dated 03/31/22 at 0.290%, due on 04/01/22 with a maturity value of $8,000,064; collateralized by U.S. Treasury and U.S. Government Agency Obligations with rates ranging from 0.125% - 8.000%, maturity dates ranging from 09/15/22 - 07/20/71, and an aggregate market value of $8,160,000.		8,000,000		8,000,000
Citigroup Global Markets, Inc. Repurchase Agreement dated 03/31/22 at 0.620%, due on 05/05/22 with a maturity value of $5,003,014; collateralized by U.S. Treasury Obligations with rates ranging from 0.000% - 3.875%, maturity dates ranging from 04/21/22 - 05/15/51, and various Common Stock with an aggregate market value of $5,350,305.		5,000,000		5,000,000
Citigroup Global Markets, Ltd. Repurchase Agreement dated 03/31/22 at 0.300%, due on 04/01/22 with a maturity value of $1,800,015; collateralized by U.S. Treasury and Foreign Obligations with rates ranging from 0.125% - 2.875%, maturity dates ranging from 08/15/23 - 02/15/51, and an aggregate market value of $1,836,001.		1,800,000		1,800,000
National Bank Financial, Inc. Repurchase Agreement dated 03/31/22 at 0.320%, due on 04/01/22 with a maturity value of $28,200,251; collateralized by U.S. Treasury Obligations with rates ranging from 0.125% - 3.000%, maturity dates ranging from 06/30/22 - 02/15/49, and an aggregate market value of $28,780,042.		28,200,000		28,200,000
National Bank of Canada
Repurchase Agreement dated 03/31/22 at 0.320%, due on 04/07/22 with a maturity value of $9,000,560; collateralized by U.S. Treasury Obligations with rates ranging from 0.000% - 4.500%, maturity dates ranging from 04/14/22 - 08/15/51, and an aggregate market value of $9,185,120.		9,000,000		9,000,000
Repurchase Agreement dated 03/31/22 at 0.450%, due on 04/07/22 with a maturity value of $15,001,313; collateralized by U.S. Treasury Obligations with rates ranging from 0.500% - 3.000%, maturity dates ranging from 11/30/23 - 08/15/48, and various Common Stock with an aggregate market value of $16,586,980.		15,000,000		15,000,000
NBC Global Finance, Ltd.
Repurchase Agreement dated 03/31/22 at 0.440%, due on 04/01/22 with a maturity value of $8,200,100; collateralized by U.S. Treasury Obligations with rates ranging from 0.125% - 4.750%, maturity dates ranging from 05/15/24 - 02/15/50, and various Common Stock with an aggregate market value of $9,105,088.		8,200,000		8,200,000
Security Description	Shares/ Principal Amount*		Value
Repurchase Agreements —(Continued)
NBC Global Finance, Ltd.
Repurchase Agreement dated 03/31/22 at 0.485%, due on 04/07/22 with a maturity value of $2,900,273; collateralized by U.S. Treasury Obligations with rates ranging from 0.125% - 4.750%, maturity dates ranging from 05/15/24 - 02/15/50, and various Common Stock with an aggregate market value of $3,220,092.		2,900,000		2,900,000
Societe Generale
Repurchase Agreement dated 03/31/22 at 0.360%, due on 04/01/22 with a maturity value of $ 3,200,032; collateralized by various Common Stock with an aggregate market value of $3,555,850.		3,200,000		3,200,000
Repurchase Agreement dated 03/31/22 at 0.380%, due on 04/01/22 with a maturity value of $1,700,018; collateralized by various Common Stock with an aggregate market value of $1,889,045.		1,700,000		1,700,000
Repurchase Agreement dated 03/31/22 at 0.410%, due on 04/01/22 with a maturity value of $5,800,066; collateralized by various Common Stock with an aggregate market value of $6,445,480.		5,800,000		5,800,000
Repurchase Agreement dated 03/31/22 at 0.420%, due on 04/07/22 with a maturity value of $4,200,343; collateralized by various Common Stock with an aggregate market value of $4,667,417.		4,200,000		4,200,000
				113,086,814
Time Deposits—1.3%
DZ Bank AG (NY) 0.300%, 04/01/22		2,000,000		2,000,000
Jyske Bank A/S 0.750%, 04/11/22		3,000,000		3,000,000
National Bank of Canada 0.370%, OBFR + 0.050%, 04/07/22 (d)		5,000,000		5,000,000
Skandi (NY) 0.300%, 04/01/22		5,000,000		5,000,000
				15,000,000
Mutual Funds—0.4%
Goldman Sachs Financial Square Government Fund, Institutional Shares 0.250% (e)		5,000,000		5,000,000
Total Securities Lending Reinvestments (Cost $215,286,481)				215,229,747
Total Investments—118.8% (Cost $1,058,162,894)				1,350,946,463
Other assets and liabilities (net)—(18.8)%				(213,528,073	)
Net Assets—100.0%			$	1,137,418,390

*	Principal amount stated in U.S. dollars unless otherwise noted.
(a)	Non-income producing security.

BHFTI-95

Brighthouse Funds Trust I

Brighthouse Small Cap Value Portfolio

Schedule of Investments as of March 31, 2022 (Unaudited)

(b)	All or a portion of the security was held on loan. As of March 31, 2022, the market value of securities loaned was $210,147,475 and the collateral received consisted of cash in the amount of $215,283,854 and non-cash collateral with a value of $2,654,652. 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 March 31, 2022.
(d)	Variable or floating rate security. The stated rate represents the rate at March 31, 2022. 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 March 31, 2022.

Glossary of Abbreviations

Index Abbreviations

(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 March 31, 2022:

Description	Level 1		Level 2			Level 3		Total
Total Common Stocks*		1,112,959,164		—			—		1,112,959,164
Total Short-Term Investment*		—		22,757,552			—		22,757,552
Securities Lending Reinvestments
Certificates of Deposit		—		77,143,754			—		77,143,754
Commercial Paper		—		4,999,179			—		4,999,179
Repurchase Agreements		—		113,086,814			—		113,086,814
Time Deposits		—		15,000,000			—		15,000,000
Mutual Funds		5,000,000		—			—		5,000,000
Total Securities Lending Reinvestments		5,000,000		210,229,747			—		215,229,747
Total Investments	$	1,117,959,164	$	232,987,299		$	—	$	1,350,946,463
Collateral for Securities Loaned (Liability)	$	—	$	(215,283,854	)	$	—	$	(215,283,854	)

* See Schedule of Investments for additional detailed categorizations.

BHFTI-96

Brighthouse Funds Trust I

Brighthouse/abrdn Emerging Markets Equity Portfolio

Schedule of Investments as of March 31, 2022 (Unaudited)

Common Stocks—89.5% of Net Assets

Security Description	Shares		Value
Austria—1.4%
Mondi plc		678,717	$	13,487,486
Brazil—5.5%
B3 S.A. - Brasil Bolsa Balcao		4,192,514		13,834,006
Banco Bradesco S.A. (ADR) (b)		4,003,243		18,575,047
MercadoLibre, Inc. (a)		5,103		6,069,916
Rumo S.A. (a)		2,243,610		8,741,552
WEG S.A.		882,657		6,464,593
				53,685,114
Chile—0.4%
Banco Santander Chile (ADR)		185,863		4,198,645
China—29.5%
Alibaba Group Holding, Ltd. (a)		2,574,400		35,236,539
Budweiser Brewing Co. APAC, Ltd.		4,606,100		12,224,269
China Merchants Bank Co., Ltd. - Class H		3,140,000		24,546,535
China Resources Land, Ltd.		2,388,000		11,069,005
China Tourism Group Duty Free Corp., Ltd. - Class A		455,583		11,696,634
Foshan Haitian Flavouring & Food Co., Ltd. - Class A		740,184		10,177,948
GDS Holdings, Ltd. - Class A (a)		655,500		3,274,541
Hangzhou Tigermed Consulting Co., Ltd. - Class A		223,499		3,766,038
Hangzhou Tigermed Consulting Co., Ltd. - Class H		103,100		1,242,269
JD.com, Inc. - Class A (a)		194,869		5,707,291
Kweichow Moutai Co., Ltd. - Class A		28,272		7,626,786
Li Ning Co., Ltd.		984,000		8,433,842
LONGi Green Energy Technology Co., Ltd. - Class A		1,519,152		17,146,982
Midea Group Co., Ltd. - Class A		998,789		8,933,920
NARI Technology Co., Ltd. - Class A		3,431,134		16,886,384
Prosus NV		347,377		18,389,217
Shenzhou International Group Holdings, Ltd.		828,900		11,055,792
Sungrow Power Supply Co., Ltd. - Class A		777,308		13,000,588
Tencent Holdings, Ltd.		731,200		34,494,644
Wuxi Biologics Cayman, Inc. (a)		1,335,500		10,833,871
Yonyou Network Technology Co., Ltd. - Class A		1,406,136		5,052,985
Yunnan Energy New Material Co., Ltd. - Class A		210,795		7,241,440
Zhongsheng Group Holdings, Ltd.		1,598,000		11,251,706
				289,289,226
Hong Kong—3.2%
AIA Group, Ltd.		1,743,800		18,256,598
Hong Kong Exchanges & Clearing, Ltd.		285,290		13,444,854
				31,701,452
India—13.2%
Hindustan Unilever, Ltd.		472,816		12,717,094
Housing Development Finance Corp., Ltd.		1,005,508		31,413,876
Kotak Mahindra Bank, Ltd.		775,817		17,831,538
Maruti Suzuki India, Ltd.		100,639		9,985,297
Power Grid Corp. of India, Ltd.		3,957,734		11,289,793
SBI Life Insurance Co., Ltd.		1,178,531		17,336,438
Tata Consultancy Services, Ltd.		371,704		18,294,480
UltraTech Cement, Ltd.		119,915		10,383,498
				129,252,014
Indonesia—3.4%
Bank Central Asia Tbk PT		35,119,400		19,457,532
Bank Rakyat Indonesia Persero Tbk PT		43,089,611		13,874,180
				33,331,712
Macau—0.7%
Sands China, Ltd. (a)		2,808,000		6,739,396
Mexico—7.5%
Fomento Economico Mexicano S.A.B. de C.V. (ADR)		216,424		17,930,728
Grupo Aeroportuario del Sureste S.A.B. de C.V. - Class B		359,605		7,987,425
Grupo Financiero Banorte S.A.B. de C.V. - Class O		2,905,132		21,882,699
Grupo Mexico S.A.B. de C.V. - Series B (b)		4,332,017		25,863,601
				73,664,453
Netherlands—2.0%
ASM International NV		24,008		8,702,901
ASML Holding NV		15,827		10,556,599
				19,259,500
Peru—0.6%
Credicorp, Ltd.		34,022		5,847,361
Philippines—0.7%
Bank of the Philippine Islands		3,574,132		6,866,682
Poland—0.7%
Allegro.eu S.A. (a) (b)		806,896		6,707,751
Russia—0.0%
Lukoil PJSC (ADR) (c) (d)		255,685		0
Novatek PJSC (c) (d)		928,138		0
Sberbank of Russia PJSC (c) (d)		821,141		0
				0
South Africa—2.8%
Anglo American Platinum, Ltd.		168,716		23,168,194
Vodacom Group, Ltd.		375,107		4,099,371
				27,267,565
South Korea—3.1%
LG Chem, Ltd.		36,329		15,750,639
Samsung Engineering Co., Ltd. (a)		217,049		4,673,717
Samsung SDI Co., Ltd.		20,382		9,945,286
				30,369,642
Taiwan—12.1%
Delta Electronics, Inc.		1,162,000		10,809,177
Hon Hai Precision Industry Co., Ltd.		3,167,000		11,667,114
Sea, Ltd. (ADR) (a) (b)		55,111		6,601,747
Taiwan Semiconductor Manufacturing Co., Ltd.		4,331,000		89,540,974
				118,619,012

BHFTI-97

Brighthouse Funds Trust I

Brighthouse/abrdn Emerging Markets Equity Portfolio

Schedule of Investments as of March 31, 2022 (Unaudited)

Common Stocks—(Continued)

Security Description	Shares/ Principal Amount*		Value
Thailand—1.9%
Kasikornbank PCL		2,104,500	$	10,221,857
PTT Exploration & Production PCL		2,029,900		8,791,146
				19,013,003
United States—0.8%
Globant S.A. (a) (b)		29,379		7,699,355
Total Common Stocks (Cost $869,879,946)				876,999,369
Preferred Stock—7.7%
South Korea—7.7%
Samsung Electronics Co., Ltd. (Cost $51,834,579)		1,461,643		75,601,773
Short-Term Investment—2.8%
Repurchase Agreement—2.8%
Fixed Income Clearing Corp. Repurchase Agreement dated 03/31/22 at 0.000%, due on 04/01/22 with a maturity value of $27,577,199; collateralized by U.S. Treasury Note at 0.125%, maturing 04/15/25, with a market value of $28,128,756.		27,577,199		27,577,199
Total Short-Term Investments (Cost $27,577,199)				27,577,199
Securities Lending Reinvestments (e)—1.4%
Repurchase Agreements—1.4%
Barclays Capital, Inc. Repurchase Agreement dated 03/31/22 at 0.240%, due on 04/01/22 with a maturity value of $3,000,020; collateralized by U.S. Treasury Obligations at 0.000%, maturity dates ranging from 02/15/37 - 11/15/48, and an aggregate market value of $3,060,000.		3,000,000		3,000,000
BofA Securities, Inc. Repurchase Agreement dated 03/31/22 at 0.270%, due on 04/01/22 with a maturity value of $1,995,577; collateralized by U.S. Treasury Obligations with rates ranging from 2.000% - 5.000%, maturity dates ranging from 05/15/37 - 02/15/50, and an aggregate market value of $2,035,474.		1,995,563		1,995,563
Cantor Fitzgerald & Co. Repurchase Agreement dated 03/31/22 at 0.290%, due on 04/01/22 with a maturity value of $1,000,008; collateralized by U.S. Treasury and U.S. Government Agency Obligations with rates ranging from 0.125% - 8.000%, maturity dates ranging from 09/15/22 - 07/20/71, and an aggregate market value of $1,020,000.		1,000,000		1,000,000
Citigroup Global Markets, Ltd. Repurchase Agreement dated 03/31/22 at 0.300%, due on 04/01/22 with a maturity value of $600,005; collateralized by U.S. Treasury and Foreign Obligations with rates ranging from 0.125% - 2.875%, maturity dates ranging from 08/15/23 - 02/15/51, and an aggregate market value of $612,000.		600,000		600,000
HSBC Securities, Inc. Repurchase Agreement dated 03/31/22 at 0.300%, due on 04/01/22 with a maturity value of $1,000,008; collateralized by U.S. Treasury Obligations with rates ranging from 1.000% - 2.250%, maturity dates ranging from 10/15/22 - 02/15/48, and an aggregate market value of $1,020,009.		1,000,000		1,000,000
ING Financial Markets LLC Repurchase Agreement dated 03/31/22 at 0.260%, due on 04/01/22 with a maturity value of $3,000,022; collateralized by U.S. Government Agency Obligations with rates ranging from 0.350% - 6.625%, maturity dates ranging from 04/05/22 - 11/15/30, and an aggregate market value of $3,060,020.		3,000,000		3,000,000
National Bank Financial, Inc. Repurchase Agreement dated 03/31/22 at 0.320%, due on 04/01/22 with a maturity value of $1,000,009; collateralized by U.S. Treasury Obligations with rates ranging from 0.125% - 3.000%, maturity dates ranging from 06/30/22 - 02/15/49, and an aggregate market value of $1,020,569.		1,000,000		1,000,000
National Bank of Canada Repurchase Agreement dated 03/31/22 at 0.320%, due on 04/07/22 with a maturity value of $100,006; collateralized by U.S. Treasury Obligations with rates ranging from 0.000% - 4.500%, maturity dates ranging from 04/14/22 - 08/15/51, and an aggregate market value of $102,057.		100,000		100,000
NBC Global Finance, Ltd. Repurchase Agreement dated 03/31/22 at 0.440%, due on 04/01/22 with a maturity value of $400,005; collateralized by U.S. Treasury Obligations with rates ranging from 0.125% - 4.750%, maturity dates ranging from 05/15/24 - 02/15/50, and various Common Stock with an aggregate market value of $444,151.		400,000		400,000
Societe Generale Repurchase Agreement dated 03/31/22 at 0.410%, due on 04/01/22 with a maturity value of $479,759; collateralized by various Common Stock with an aggregate market value of $533,145.		479,753		479,753
Repurchase Agreement dated 03/31/22 at 0.420%, due on 04/07/22 with a maturity value of $200,016; collateralized by various Common Stock with an aggregate market value of $222,258.		200,000		200,000
TD Prime Services LLC Repurchase Agreement dated 03/31/22 at 0.400%, due on 04/01/22 with a maturity value of $1,000,011; collateralized by various Common Stock with an aggregate market value of $1,158,188.		1,000,000		1,000,000
				13,775,316
Total Securities Lending Reinvestments (Cost $13,775,316)				13,775,316
Total Investments—101.4% (Cost $963,067,040)				993,953,657
Other assets and liabilities (net)—(1.4)%				(13,761,176	)
Net Assets—100.0%			$	980,192,481

BHFTI-98

Brighthouse Funds Trust I

Brighthouse/abrdn Emerging Markets Equity Portfolio

Schedule of Investments as of March 31, 2022 (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 March 31, 2022, the market value of securities loaned was $12,782,005 and the collateral received consisted of cash in the amount of $13,775,316. The cash collateral investments are disclosed in the Schedule of Investments and categorized as Securities Lending Reinvestments.
(c)	Security was valued in good faith under procedures approved by the Board of Trustees. As of March 31, 2022, 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)	Represents investment of cash collateral received from securities on loan as of March 31, 2022.

Ten Largest Industries as of March 31, 2022 (Unaudited)	% of Net Assets
Banks		14.6
Semiconductors & Semiconductor Equipment		12.9
Technology Hardware, Storage & Peripherals		7.7
Internet & Direct Marketing Retail		7.4
Metals & Mining		5.0
Beverages		3.9
Electrical Equipment		3.7
Insurance		3.6
Interactive Media & Services		3.5
Electronic Equipment, Instruments & Components		3.3

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 March 31, 2022:

Description	Level 1		Level 2			Level 3		Total
Common Stocks
Austria	$	—	$	13,487,486		$	—	$	13,487,486
Brazil		53,685,114		—			—		53,685,114
Chile		4,198,645		—			—		4,198,645
China		—		289,289,226			—		289,289,226
Hong Kong		—		31,701,452			—		31,701,452
India		—		129,252,014			—		129,252,014
Indonesia		—		33,331,712			—		33,331,712
Macau		—		6,739,396			—		6,739,396
Mexico		73,664,453		—			—		73,664,453
Netherlands		—		19,259,500			—		19,259,500
Peru		5,847,361		—			—		5,847,361
Philippines		—		6,866,682			—		6,866,682
Poland		—		6,707,751			—		6,707,751
Russia		—		—			0		0
South Africa		—		27,267,565			—		27,267,565
South Korea		—		30,369,642			—		30,369,642
Taiwan		6,601,747		112,017,265			—		118,619,012
Thailand		19,013,003		—			—		19,013,003
United States		7,699,355		—			—		7,699,355
Total Common Stocks		170,709,678		706,289,691			0		876,999,369
Total Preferred Stock*		—		75,601,773			—		75,601,773
Total Short-Term Investment*		—		27,577,199			—		27,577,199
Total Securities Lending Reinvestments*		—		13,775,316			—		13,775,316
Total Investments	$	170,709,678	$	823,243,979		$	0	$	993,953,657
Collateral for Securities Loaned (Liability)	$	—	$	(13,775,316	)	$	—	$	(13,775,316	)

* See Schedule of Investments for additional detailed categorizations.

During the period ended March 31, 2022, transfers into Level 3 in the amount of $55,151,777 were due to trading halts on the securities’ respective exchanges which resulted in the lack of observable inputs.

BHFTI-99

Brighthouse Funds Trust I

Brighthouse/Artisan International Portfolio

Schedule of Investments as of March 31, 2022 (Unaudited)

Common Stocks—92.7% of Net Assets

Security Description	Shares		Value
Belgium—2.8%
UCB S.A.		245,985	$	29,447,466
Brazil—1.1%
Vale S.A.		562,200		11,288,754
Canada—6.5%
Canadian National Railway Co.		109,290		14,660,587
Canadian Pacific Railway, Ltd.		516,800		42,653,621
Kinaxis, Inc. (a)		94,800		12,407,452
				69,721,660
Denmark—1.7%
Ascendis Pharma A/S (ADR) (a) (b)		153,946		18,067,103
France—12.7%
Air Liquide S.A.		203,274		35,560,590
Airbus SE (a)		122,095		14,758,054
BNP Paribas S.A.		687,267		39,131,088
Capgemini SE		183,029		40,713,558
LVMH Moet Hennessy Louis Vuitton SE		7,628		5,431,666
				135,594,956
Germany—15.4%
Allianz SE		134,163		32,037,377
Bayerische Motoren Werke AG		129,960		11,256,394
Brenntag SE		262,120		21,194,767
Deutsche Boerse AG		239,055		42,943,536
Deutsche Post AG		600,878		28,853,277
Deutsche Telekom AG		1,498,154		27,981,219
				164,266,570
India—1.6%
Reliance Industries, Ltd.		485,043		16,796,311
Israel—1.8%
Nice, Ltd. (ADR) (a)		89,410		19,580,790
Italy—1.8%
Intesa Sanpaolo S.p.A.		8,640,605		19,749,898
Japan—2.4%
Hoya Corp.		84,875		9,685,231
Sony Group Corp.		76,800		7,926,603
Toyota Industries Corp.		112,200		7,722,725
				25,334,559
Netherlands—12.4%
Argenx SE (a)		3,649		1,147,418
Argenx SE (ADR) (a)		89,822		28,321,775
ING Groep NV		2,289,363		23,925,614
Koninklijke DSM NV (b)		198,758		35,521,900
Shell plc		1,454,484		39,916,500
Shell plc (ADR)		56,562		3,106,951
				131,940,158
Russia—0.0%
MMC Norilsk Nickel PJSC (ADR) (c) (d)		680,186		0
Sberbank of Russia PJSC (ADR) (c) (d)		1,326,623		0
				0
Spain—1.1%
Ferrovial S.A.		431,065		11,411,961
Switzerland—6.8%
Alcon, Inc.		159,864		12,628,155
Barry Callebaut AG		4,312		10,097,158
Medacta Group S.A. (a)		61,526		7,330,290
Nestle S.A.		176,486		22,911,556
Roche Holding AG		47,873		18,932,590
				71,899,749
Taiwan—2.0%
Taiwan Semiconductor Manufacturing Co., Ltd.		1,020,000		21,087,923
United Kingdom—9.4%
Barclays plc		15,359,834		29,838,156
Diageo plc		196,640		9,938,813
Experian plc		104,488		4,029,579
International Consolidated Airlines Group S.A. (a)		4,842,326		8,937,659
Linde plc (a) (b)		146,645		47,255,025
				99,999,232
United States—13.2%
Alphabet, Inc. - Class A (a)		9,883		27,488,082
Alphabet, Inc. - Class C (a)		4,885		13,643,756
Amazon.com, Inc. (a)		11,835		38,581,508
Aon plc - Class A		95,266		31,021,468
Schlumberger NV		711,326		29,384,877
				140,119,691
Total Common Stocks (Cost $ 922,944,315)				986,306,781
Equity Linked Security—2.4%
United Kingdom—2.4%
Ryanair Holdings plc (HSBC Bank plc), Expires 10/31/22 (a) (e) (Cost $32,325,253)		1,733,545		26,062,001
Preferred Stocks—2.2%
Germany—2.2%
Porsche Automobil Holding SE		32,090		3,108,869
Volkswagen AG		115,268		19,931,718
Total Preferred Stocks (Cost $ 25,607,737)				23,040,587

BHFTI-100

Brighthouse Funds Trust I

Brighthouse/Artisan International Portfolio

Schedule of Investments as of March 31, 2022 (Unaudited)

Short-Term Investment—2.5%

Security Description	Principal Amount*		Value
Repurchase Agreement—2.5%
Fixed Income Clearing Corp. Repurchase Agreement dated 03/31/22 at 0.000%, due on 04/01/22 with a maturity value of $26,489,394; collateralized by U.S. Treasury Note at 0.125%, maturing 10/15/25, with a market value of $27,019,234.		26,489,394	$	26,489,394
Total Short-Term Investments (Cost $ 26,489,394)				26,489,394
Securities Lending Reinvestments (f)—3.7%
Repurchase Agreements—1.3%
Barclays Capital, Inc. Repurchase Agreement dated 03/31/22 at 0.240%, due on 04/01/22 with a maturity value of $8,000,053; collateralized by U.S. Treasury Obligations at 0.000%, maturity dates ranging from 02/15/37 - 11/15/48, and an aggregate market value of $8,160,000.		8,000,000		8,000,000
Cantor Fitzgerald & Co. Repurchase Agreement dated 03/31/22 at 0.290%, due on 04/01/22 with a maturity value of $100,001; collateralized by U.S. Treasury and U.S. Government Agency Obligations with rates ranging from 0.125% - 8.000%, maturity dates ranging from 09/15/22 - 07/20/71, and an aggregate market value of $102,000.		100,000		100,000
Citigroup Global Markets, Ltd. Repurchase Agreement dated 03/31/22 at 0.300%, due on 04/01/22 with a maturity value of $500,004; collateralized by U.S. Treasury and Foreign Obligations with rates ranging from 0.125% - 2.875%, maturity dates ranging from 08/15/23 - 02/15/51, and an aggregate market value of $510,000.		500,000		500,000
ING Financial Markets LLC Repurchase Agreement dated 03/31/22 at 0.260%, due on 04/01/22 with a maturity value of $3,993,420; collateralized by U.S. Government Agency Obligations with rates ranging from 0.350% - 6.625%, maturity dates ranging from 04/05/22 - 11/15/30, and an aggregate market value of $4,073,285.		3,993,391		3,993,391
National Bank Financial, Inc. Repurchase Agreement dated 03/31/22 at 0.320%, due on 04/01/22 with a maturity value of $250,002; collateralized by U.S. Treasury Obligations with rates ranging from 0.125% - 3.000%, maturity dates ranging from 06/30/22 - 02/15/49, and an aggregate market value of $255,142.		250,000		250,000
NBC Global Finance, Ltd. Repurchase Agreement dated 03/31/22 at 0.440%, due on 04/01/22 with a maturity value of $500,006; collateralized by U.S. Treasury Obligations with rates ranging from 0.125% - 4.750%, maturity dates ranging from 05/15/24 - 02/15/50, and various Common Stock with an aggregate market value of $555,188.		500,000		500,000
Repurchase Agreements—(Continued)
Societe Generale Repurchase Agreement dated 03/31/22 at 0.360%, due on 04/01/22 with a maturity value of $200,002; collateralized by various Common Stock with an aggregate market value of $222,241.		200,000		200,000
Repurchase Agreement dated 03/31/22 at 0.380%, due on 04/01/22 with a maturity value of $800,008; collateralized by various Common Stock with an aggregate market value of $888,962.		800,000		800,000
Repurchase Agreement dated 03/31/22 at 0.410%, due on 04/01/22 with a maturity value of $41,854; collateralized by various Common Stock with an aggregate market value of $46,512.		41,854		41,854
Repurchase Agreement dated 03/31/22 at 0.420%, due on 04/07/22 with a maturity value of $25,868; collateralized by various Common Stock with an aggregate market value of $28,745.		25,866		25,866
TD Prime Services LLC Repurchase Agreement dated 03/31/22 at 0.400%, due on 04/01/22 with a maturity value of $20,000; collateralized by various Common Stock with an aggregate market value of $23,164.		20,000		20,000
				14,431,111
Time Deposits—0.5%
Canadian Imperial Bank of Commerce 0.320%, 04/01/22		1,000,000		1,000,000
DZ Bank AG (NY) 0.300%, 04/01/22		1,000,000		1,000,000
Rabobank (New York) 0.310%, 04/01/22		1,000,000		1,000,000
Skandi (NY) 0.300%, 04/01/22		1,000,000		1,000,000
Svenska (NY) 0.260%, 04/01/22		1,000,000		1,000,000
				5,000,000
Mutual Funds—1.9%
BlackRock Liquidity Funds FedFund, Institutional Shares 0.230% (g)		5,000,000		5,000,000
Fidelity Government Portfolio, Institutional Class 0.160% (g)		5,000,000		5,000,000
Morgan Stanley Liquidity Funds Government Portfolio, Institutional Shares 0.230% (g)		5,000,000		5,000,000
STIT-Government & Agency Portfolio, Institutional Class 0.250% (g)		5,000,000		5,000,000
				20,000,000
Total Securities Lending Reinvestments (Cost $ 39,431,111)				39,431,111
Total Investments—103.5% (Cost $ 1,046,797,810)				1,101,329,874
Other assets and liabilities (net)—(3.5)%				(37,494,680	)
Net Assets—100.0%			$	1,063,835,194

BHFTI-101

Brighthouse Funds Trust I

Brighthouse/Artisan International Portfolio

Schedule of Investments as of March 31, 2022 (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 March 31, 2022, the market value of securities loaned was $37,472,613 and the collateral received consisted of cash in the amount of $39,431,111. The cash collateral investments are disclosed in the Schedule of Investments and categorized as Securities Lending Reinvestments.
(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 March 31, 2022, these securities represent less than 0.05% of net assets
(e)	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.
(f)	Represents investment of cash collateral received from securities on loan as of March 31, 2022.
(g)	The rate shown represents the annualized seven-day yield as of March 31, 2022.

Ten Largest Industries as of March 31, 2022 (Unaudited)	% of Net Assets
Chemicals		11.1
Banks		10.6
Insurance		5.9
Oil, Gas & Consumable Fuels		5.6
Road & Rail		5.4
Pharmaceuticals		4.6
Biotechnology		4.5
Capital Markets		4.0
Interactive Media & Services		3.9
IT Services		3.8

Glossary of Abbreviations

Other Abbreviations

(ADR)— American Depositary Receipt

BHFTI-102

Brighthouse Funds Trust I

Brighthouse/Artisan International Portfolio

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 March 31, 2022:

Description	Level 1		Level 2			Level 3		Total
Common Stocks
Belgium	$	—	$	29,447,466		$	—	$	29,447,466
Brazil		11,288,754		—			—		11,288,754
Canada		69,721,660		—			—		69,721,660
Denmark		18,067,103		—			—		18,067,103
France		—		135,594,956			—		135,594,956
Germany		—		164,266,570			—		164,266,570
India		—		16,796,311			—		16,796,311
Israel		19,580,790		—			—		19,580,790
Italy		—		19,749,898			—		19,749,898
Japan		—		25,334,559			—		25,334,559
Netherlands		31,428,726		100,511,432			—		131,940,158
Russia		—		—			0		0
Spain		—		11,411,961			—		11,411,961
Switzerland		—		71,899,749			—		71,899,749
Taiwan		—		21,087,923			—		21,087,923
United Kingdom		—		99,999,232			—		99,999,232
United States		140,119,691		—			—		140,119,691
Total Common Stocks		290,206,724		696,100,057			0		986,306,781
Total Equity Linked Security*		—		26,062,001			—		26,062,001
Total Preferred Stocks*		—		23,040,587			—		23,040,587
Total Short-Term Investment*		—		26,489,394			—		26,489,394
Securities Lending Reinvestments
Repurchase Agreements		—		14,431,111			—		14,431,111
Time Deposits		—		5,000,000			—		5,000,000
Mutual Funds		20,000,000		—			—		20,000,000
Total Securities Lending Reinvestments		20,000,000		19,431,111			—		39,431,111
Total Investments	$	310,206,724	$	791,123,150		$	0	$	1,101,329,874
Collateral for Securities Loaned (Liability)	$	—	$	(39,431,111	)	$	—	$	(39,431,111	)

* 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 March 31, 2022 is not presented.

During the period ended March 31, 2022, transfers into Level 3 in the amount of $34,423,888 were due to trading halts on the securities’ respective exchanges which resulted in the lack of observable inputs.

BHFTI-103

Brighthouse Funds Trust I

Brighthouse/Eaton Vance Floating Rate Portfolio

Schedule of Investments as of March 31, 2022 (Unaudited)

Floating Rate Loans (a)—94.8% of Net Assets

Security Description	Principal Amount*		Value
Advertising—0.2%
Terrier Media Buyer, Inc. Term Loan, 3.957%, 1M LIBOR + 3.500%, 12/17/26		1,464,453	$	1,444,447
Aerospace/Defense—1.7%
AI Convoy (Luxembourg) S.a.r.l. Term Loan B, 4.506%, 6M LIBOR + 3.500%, 01/18/27		610,780		604,290
Dynasty Acquisition Co., Inc.
Term Loan B2, 4.506%, 3M LIBOR + 3.500%, 04/06/26		1,201,140		1,184,624
Term Loan B1, 4.506%, 3M LIBOR + 3.500%, 04/06/26		2,233,944		2,203,227
Spirit Aerosystems, Inc. Term Loan B, 4.250%, 1M LIBOR + 3.750%, 01/15/25		494,515		494,453
TransDigm, Inc.
Term Loan G, 2.707%, 1M LIBOR + 2.250%, 08/22/24		1,633,907		1,613,710
Term Loan F, 2.707%, 1M LIBOR + 2.250%, 12/09/25		4,816,966		4,736,431
WP CPP Holdings LLC Term Loan, 4.750%, 3M LIBOR + 3.750%, 04/30/25		2,591,266		2,466,885
				13,303,620
Agriculture—0.1%
Alltech, Inc. Term Loan B, 4.500%, 1M LIBOR + 4.000%, 10/13/28		523,688		517,141
Airlines—0.5%
AAdvantage Loyalty IP, Ltd. Term Loan, 5.500%, 3M LIBOR + 4.750%, 04/20/28		1,000,000		1,014,643
Mileage Plus Holdings LLC Term Loan B, 6.250%, 3M LIBOR + 5.250%, 06/21/27		725,000		755,359
SkyMiles IP, Ltd. Term Loan B, 4.750%, 3M LIBOR + 3.750%, 10/20/27		1,900,000		1,967,093
				3,737,095
Auto Manufacturers—0.2%
American Trailer World Corp. Term Loan B, 4.500%, TSFR + 3.750%, 03/03/28		1,540,495		1,487,861
Auto Parts & Equipment—2.3%
Adient U.S. LLC Term Loan B, 3.707%, 1M LIBOR + 3.250%, 04/10/28		893,250		881,340
American Axle & Manufacturing, Inc. Term Loan B, 3.000%, 1M LIBOR + 2.250%, 04/06/24		1,522,296		1,502,793
Autokiniton US Holdings, Inc. Term Loan B, 5.000%, 3M LIBOR + 4.500%, 04/06/28		1,736,875		1,717,335
Clarios Global L.P. Term Loan B, 3.707%, 1M LIBOR + 3.250%, 04/30/26		3,528,743		3,491,250
CS Intermediate Holdco 2 LLC Term Loan B, 2.457%, 1M LIBOR + 2.000%, 11/02/23		1,241,414		1,154,404
Dayco Products LLC Term Loan B, 4.758%, 3M LIBOR + 4.250%, 05/19/23		952,500		938,213
Delachaux S.A. Term Loan B, 4.799%, 3M LIBOR + 4.500%, 04/16/26		378,000		369,259
DexKo Global, Inc.
Term Loan B, 4.717%, 3M LIBOR + 3.750%, 10/04/28		756,000		742,140
Term Loan, 4.717%, 3M LIBOR + 3.750%, 10/04/28		144,000		141,360
Garrett LX I S.a r.l. USD Term Loan B, 3.750%, 3M LIBOR + 3.250%, 04/30/28		671,625		658,193
Tenneco, Inc. Term Loan B, 3.457%, 1M LIBOR + 3.000%, 10/01/25		3,216,938		3,189,458
Auto Parts & Equipment—(Continued)
TI Group Automotive Systems, LLC USD Term Loan, 4.256%, 3M LIBOR + 3.250%, 12/16/26		643,500		636,663
Truck Hero, Inc. Term Loan B, 4.000%, 1M LIBOR + 3.250%, 01/31/28		1,089,000		1,058,031
Wheel Pros LLC Term Loan, 5.250%, 1M LIBOR + 4.500%, 05/11/28		945,250		904,289
				17,384,728
Banks—0.2%
Walker & Dunlop, Inc. Term Loan, 2.331%, TSFR + 2.250%, 12/16/28		1,197,000		1,192,511
Beverages—0.4%
Arterra Wines Canada, Inc. Term Loan, 4.506%, 3M LIBOR + 3.500%, 11/24/27		913,438		906,206
City Brewing Co. LLC Closing Date Term Loan, 4.250%, 3M LIBOR + 3.500%, 04/05/28		796,000		732,320
Triton Water Holdings, Inc. Term Loan, 4.506%, 3M LIBOR + 3.500%, 03/31/28		1,290,251		1,261,622
				2,900,148
Building Materials—2.1%
ACProducts, Inc. Term Loan B, 4.750%, 6M LIBOR + 4.250%, 05/17/28		2,855,925		2,598,098
Cornerstone Building Brands, Inc. Term Loan B, 3.750%, 1M LIBOR + 3.250%, 04/12/28		792,000		768,735
CP Atlas Buyer, Inc. Term Loan B, 4.250%, 1M LIBOR + 3.750%, 11/23/27		1,387,800		1,352,238
CPG International, Inc. Term Loan, 3.506%, 3M LIBOR + 2.500%, 05/05/24		1,091,837		1,085,013
DiversiTech Holdings, Inc.
Delayed Draw Term Loan, 12/22/28 (b)		158,571		156,788
1st Lien Term Loan, 4.250%, 3M LIBOR + 3.750%, 12/22/28		766,429		757,806
Ingersoll-Rand Services Co. Term Loan B, 2.207%, 1M LIBOR + 1.750%, 03/01/27		1,200,500		1,183,168
MI Windows and Doors, LLC Term Loan, 4.000%, TSFR + 3.500%, 12/18/27		261,993		259,619
Quikrete Holdings, Inc.
Term Loan B1, 06/11/28 (c)		2,300,000		2,262,466
1st Lien Term Loan, 2.957%, 1M LIBOR + 2.500%, 02/01/27		4,214,045		4,117,725
Standard Industries, Inc. Term Loan B, 3.788%, 3M LIBOR + 2.500%, 09/22/28		1,227,669		1,223,679
				15,765,335
Chemicals—3.5%
Aruba Investments, Inc. USD Term Loan, 4.500%, 6M LIBOR + 3.750%, 11/24/27		668,267		660,749
Atotech B.V. Term Loan B, 3.000%, 1M LIBOR + 2.500%, 03/18/28		942,875		934,035
Axalta Coating Systems U.S. Holdings, Inc. Term Loan B3, 2.756%, 3M LIBOR + 1.750%, 06/01/24		2,781,702		2,763,738
CPC Acquisition Corp. Term Loan, 4.756%, 3M LIBOR + 3.750%, 12/29/27		693,000		679,140

BHFTI-104

Brighthouse Funds Trust I

Brighthouse/Eaton Vance Floating Rate Portfolio

Schedule of Investments as of March 31, 2022 (Unaudited)

Floating Rate Loans (a)—(Continued)

Security Description	Principal Amount*		Value
Chemicals—(Continued)
Ferro Corp. Term Loan B1, 3.256%, 3M LIBOR + 2.250%, 02/14/24		97,648	$	97,526
Term Loan B3, 3.256%, 3M LIBOR + 2.250%, 02/14/24		76,229		76,134
Term Loan B2, 3.256%, 3M LIBOR + 2.250%, 02/14/24		77,886		77,789
Flint Group GmbH Term Loan C, 5.256%, 3M LIBOR + 4.250%, 09/21/23		91,537		87,418
Flint Group U.S. LLC 1st Lien Term Loan B2, 5.250%, 3M LIBOR + 4.250%, 09/21/23		553,722		528,805
Illuminate Buyer LLC Term Loan, 3.957%, 1M LIBOR + 3.500%, 06/30/27		704,930		681,725
INEOS Enterprises Holdings U.S. Finco LLC Term Loan B, 4.500%, 3M LIBOR + 3.500%, 08/28/26		180,288		177,809
INEOS Styrolution U.S. Holding LLC USD Term Loan B, 3.250%, 1M LIBOR + 2.750%, 01/29/26		2,282,750		2,243,277
INEOS U.S. Finance LLC Term Loan B, 2.457%, 1M LIBOR + 2.000%, 04/01/24		2,992,188		2,947,305
USD Term Loan B, 11/08/28 (c)		675,000		664,031
Kraton Corp. USD Term Loan, 3.990%, 3M LIBOR + 3.250%, 03/15/29		500,000		494,375
LSF11 Skyscraper Holdco S.a r.l. USD Term Loan B, 4.250%, 3M LIBOR + 3.500%, 09/29/27		1,955,324		1,945,547
Messer Industries GmbH Term Loan, 3.506%, 3M LIBOR + 2.500%, 03/02/26		1,622,219		1,605,997
Minerals Technologies, Inc. Term Loan B, 3.000%, 1M LIBOR + 2.250%, 02/14/24		746,474		745,075
Olympus Water U.S. Holding Corp. Incremental Term Loan, 5.000%, TSFR + 4.500%, 11/09/28		400,000		392,000
PMHC II, Inc. 1st Lien Term Loan, 4.500%, 1M LIBOR + 3.500%, 03/31/25		336,000		335,020
PQ Corp. Term Loan B, 3.250%, 3M LIBOR + 2.500%, 06/09/28		2,292,675		2,269,175
Starfruit Finco B.V. Term Loan B, 4.006%, 3M LIBOR + 3.000%, 10/01/25		2,328,307		2,294,354
Trinseo Materials Operating S.C.A. Term Loan B2, 2.957%, 1M LIBOR + 2.500%, 05/03/28		893,250		879,572
Tronox Finance LLC
Term Loan, 03/03/29 (c)		275,000		273,969
Term Loan B, 3.256%, 1M LIBOR + 2.250%, 03/10/28		1,353,000		1,332,705
W.R. Grace & Co. Term Loan B, 4.813%, 3M LIBOR + 3.750%, 09/22/28		1,246,875		1,239,276
				26,426,546
Coal—0.1%
American Consolidated Natural Resources, Inc. Exit Term Loan, 14.000%, 3M LIBOR + 13.000%, 09/16/25		300,356		310,681
Oxbow Carbon LLC Term Loan B, 5.000%, 1M LIBOR + 4.250%, 10/17/25		300,625		299,122
				609,803
Commercial Services—8.1%
AEA International Holdings (Lux) S.a.r.l. Term Loan B, 4.813%, 3M LIBOR + 3.750%, 09/07/28		3,142,125		3,138,197
Commercial Services—(Continued)
Albion Financing 3 Sarl USD Term Loan, 5.750%, 3M LIBOR + 5.250%, 08/17/26		2,219,438		2,194,469
Allied Universal Holdco LLC USD Incremental Term Loan B, 4.250%, 1M LIBOR + 3.750%, 05/12/28		2,824,867		2,788,378
Amentum Government Services Holdings LLC Term Loan, 4.777%, TSFR + 4.000%, 02/15/29		825,000		820,531
American Residential Services LLC Term Loan B, 4.506%, 3M LIBOR + 3.500%, 10/15/27		543,125		539,052
APFS Staffing Holdings, Inc. Term Loan, 4.750%, TSFR + 4.250%, 12/29/28		300,000		299,062
APi Group DE, Inc.
Term Loan B, 2.945%, 1M LIBOR + 2.500%, 10/01/26		1,221,217		1,207,859
Incremental Term Loan B, 3.195%, 1M LIBOR + 2.750%, 01/03/29		887,705		881,048
Belron Finance U.S. LLC USD Term Loan B, 3.250%, 3M LIBOR + 2.750%, 04/13/28		866,250		859,428
CCRR Parent, Inc Term Loan B, 4.756%, 3M LIBOR + 3.750%, 03/06/28		520,123		522,561
CHG Healthcare Services, Inc. Term Loan, 5.000%, 6M LIBOR + 3.500%, 09/29/28		1,194,000		1,185,543
CoreLogic, Inc. Term Loan, 4.000%, 1M LIBOR + 3.500%, 06/02/28		5,397,875		5,325,004
EAB Global, Inc. Term Loan, 4.000%, 3M LIBOR + 3.500%, 08/16/28		1,271,813		1,261,214
Electro Rent Corp. 1st Lien Term Loan, 6.000%, 3M LIBOR + 5.000%, 01/31/24		2,498,052		2,497,662
Employbridge LLC Term Loan B, 5.756%, 3M LIBOR + 4.750%, 07/14/28		1,616,875		1,603,536
Ensemble RCM, LLC Term Loan, 4.049%, 3M LIBOR + 3.750%, 08/03/26		2,240,649		2,235,047
Foundational Education Group, Inc.
1st Lien Term Loan, 4.750%, 1M LIBOR + 4.250%, 08/31/28		598,500		598,500
Garda World Security Corp.
Term Loan B, 4.710%, 1M LIBOR + 4.250%, 10/30/26		3,303,894		3,279,115
Hertz Corp. (The)
Term Loan B, 3.750%, 1M LIBOR + 3.250%, 06/30/28		1,106,525		1,100,439
Term Loan C, 3.750%, 1M LIBOR + 3.250%, 06/30/28		210,113		208,958
Indy U.S. Bidco LLC
USD Term Loan, 4.207%, 1M LIBOR + 3.750%, 03/05/28		668,267		664,090
IRI Holdings, Inc.
1st Lien Term Loan, 4.707%, 1M LIBOR + 4.250%, 12/01/25		4,426,731		4,417,324
KUEHG Corp.
Incremental Term Loan, 4.756%, 3M LIBOR + 3.750%, 02/21/25		1,386,014		1,369,555
LHS Borrower, LLC
Term Loan B, 5.250%, TSFR + 4.750%, 02/16/29		1,500,000		1,486,875
Monitronics International, Inc.
Term Loan, 8.750%, 1M LIBOR + 7.500%, 03/29/24		1,275,407		1,055,399
NAB Holdings LLC
Term Loan, 3.801%, TSFR + 3.000%, 11/23/28		1,221,938		1,206,969
PECF USS Intermediate Holding III Corp.
Term Loan B, 4.758%, 1M LIBOR + 4.250%, 12/15/28		698,250		692,764
Prime Security Services Borrower LLC
Term Loan, 3.500%, 6M LIBOR + 2.750%, 09/23/26		2,284,319		2,269,884

BHFTI-105

Brighthouse Funds Trust I

Brighthouse/Eaton Vance Floating Rate Portfolio

Schedule of Investments as of March 31, 2022 (Unaudited)

Floating Rate Loans (a)—(Continued)

Security Description	Principal Amount*		Value
Commercial Services—(Continued)
Sabre GLBL, Inc.
Term Loan B2, 4.000%, 1M LIBOR + 3.500%, 12/17/27		487,916	$	482,915
Term Loan B1, 4.000%, 1M LIBOR + 3.500%, 12/17/27		306,084		302,947
Sotheby’s
Term Loan B, 5.000%, 3M LIBOR + 4.500%, 01/15/27		376,494		376,730
Spin Holdco, Inc.
Term Loan, 4.750%, 3M LIBOR + 4.000%, 03/04/28		4,009,500		3,986,947
Syniverse Holdings, Inc.
1st Lien Term Loan, 6.000%, 3M LIBOR + 5.000%, 03/09/23		912,000		888,744
Team Health Holdings, Inc.
1st Lien Term Loan, 3.750%, 1M LIBOR + 2.750%, 02/06/24		1,652,772		1,578,811
Trans Union LLC
Term Loan B5, 2.207%, 1M LIBOR + 1.750%, 11/16/26		2,005,835		1,974,672
Term Loan B6, 2.750%, 1M LIBOR + 2.250%, 12/01/28		1,975,764		1,962,181
TruGreen L.P.
Term Loan, 4.750%, 1M LIBOR + 4.000%, 11/02/27		543,125		541,088
TTF Holdings, LLC
Term Loan, 5.000%, 1M LIBOR + 4.250%, 03/31/28		592,564		591,083
Vaco Holdings LLC
Term Loan, 5.750%, TSFR + 5.000%, 01/21/29		299,250		297,941
Verscend Holding Corp.
Term Loan B, 4.457%, 1M LIBOR + 4.000%, 08/27/25		2,048,886		2,046,325
Wex, Inc.
Term Loan, 2.707%, 1M LIBOR + 2.250%, 03/31/28		445,500		440,859
				61,179,706
Computers—3.1%
Imprivata, Inc.
Incremental Term Loan, 12/01/27 (c)		250,000		249,297
Term Loan, 4.506%, 3M LIBOR + 3.500%, 12/01/27		1,064,250		1,058,929
Magenta Buyer LLC
1st Lien Term Loan, 5.750%, 3M LIBOR + 5.000%, 07/27/28		4,538,625		4,506,001
2nd Lien Term Loan, 9.000%, 3M LIBOR + 8.250%, 07/27/29		1,075,000		1,066,938
McAfee LLC
USD Term Loan B, 4.500%, TSFR + 4.000%, 03/01/29		3,050,000		3,030,175
NCR Corp.
Term Loan, 2.800%, 3M LIBOR + 2.500%, 08/28/26		1,389,375		1,375,481
Panther Commercial Holdings L.P.
Term Loan, 5.000%, 3M LIBOR + 4.500%, 01/07/28		1,913,858		1,905,246
Redstone Buyer LLC
Term Loan, 5.500%, 3M LIBOR + 4.750%, 04/27/28		2,388,000		2,352,180
SITEL Worldwide Corp.
Term Loan, 4.756%, 3M LIBOR + 3.750%, 08/28/28		2,014,875		2,002,072
Tempo Acquisition LLC
Term Loan B, 3.500%, TSFR + 3.000%, 08/31/28		1,548,276		1,540,535
Valkyr Purchaser LLC
Term Loan B, 4.750%, 3M LIBOR + 4.000%, 11/05/27		668,250		665,883
Verifone Systems, Inc.
1st Lien Term Loan, 4.498%, 3M LIBOR + 4.000%, 08/20/25		2,762,712		2,730,480
Vision Solutions, Inc.
Incremental Term Loan, 4.750%, 3M LIBOR + 4.000%, 04/24/28		1,369,310		1,355,189
				23,838,406
Cosmetics/Personal Care—0.6%
Conair Holdings LLC
Term Loan B, 4.756%, 3M LIBOR + 3.750%, 05/17/28		1,592,000		1,569,314
Journey Personal Care Corp.
Term Loan B, 5.256%, 3M LIBOR + 4.250%, 03/01/28		1,066,938		1,018,259
Sunshine Luxembourg ViII S.a.r.l
Term Loan B3, 4.756%, 3M LIBOR + 3.750%, 10/01/26		1,930,500		1,920,245
				4,507,818
Distribution/Wholesale—0.3%
Core & Main L.P.
Term Loan B, 2.947%, 1M LIBOR + 2.500%, 07/27/28		1,442,750		1,428,548
KAR Auction Services, Inc.
Term Loan B6, 2.750%, 1M LIBOR + 2.250%, 09/19/26		536,250		531,893
Protective Industrial Products, Inc.
Term Loan, 4.750%, 1M LIBOR + 4.000%, 12/29/27		571,061		562,495
				2,522,936
Diversified Financial Services—4.4%
Advisor Group, Inc.
Term Loan, 4.957%, 1M LIBOR + 4.500%, 07/31/26		1,467,475		1,459,832
Aretec Group, Inc.
Term Loan, 4.707%, 1M LIBOR + 4.250%, 10/01/25		3,616,456		3,591,141
Astra Acquisition Corp.
1st Lien Term Loan, 5.750%, 1M LIBOR + 5.250%, 10/25/28		1,995,000		1,952,606
Avolon TLB Borrower 1 (U.S.) LLC
Term Loan B3, 2.500%, 1M LIBOR + 1.750%, 01/15/25		2,062,580		2,036,798
Term Loan B5, 2.750%, 1M LIBOR + 2.250%, 12/01/27		1,678,750		1,666,159
Citco Funding LLC
Term Loan, 3.506%, 3M LIBOR + 2.500%, 09/28/23		2,917,644		2,890,291
Clipper Acquisitions Corp.
Term Loan B, 1.992%, 1M LIBOR + 1.750%, 03/03/28		1,080,337		1,056,030
Deerfield Dakota Holding LLC
Term Loan B, 4.750%, 1M LIBOR + 3.750%, 04/09/27		1,866,750		1,861,383
Ditech Holding Corp.
Term Loan, 06/30/22 (d)		1,824,660		369,494
Edelman Financial Center LLC
Term Loan B, 4.250%, 1M LIBOR + 3.500%, 04/07/28		1,736,875		1,720,048
Fiserv Investment Solutions, Inc.
Term Loan B, 4.488%, 3M LIBOR + 4.000%, 02/18/27		491,250		490,022
Focus Financial Partners LLC
Term Loan, 2.449%, 1M LIBOR + 2.000%, 07/03/24		3,448,080		3,402,555
Term Loan, 3.000%, 1M LIBOR + 2.500%, 06/30/28		1,017,791		1,005,810
Franklin Square Holdings L.P.
Term Loan B, 2.697%, 1M LIBOR + 2.250%, 08/01/25		482,498		478,277
Guggenheim Partners LLC
Term Loan, 3.500%, 1M LIBOR + 2.750%, 07/21/23		5,043,566		5,027,805
Hudson River Trading LLC
Term Loan, 3.144%, TSFR + 3.000%, 03/20/28		2,328,931		2,297,635
LPL Holdings, Inc.
Term Loan B1, 1.981%, 1M LIBOR + 1.750%, 11/12/26		1,270,750		1,256,586
NFP Corp.
Term Loan, 3.707%, 1M LIBOR + 3.250%, 02/15/27		713,096		701,286
				33,263,758

BHFTI-106

Brighthouse Funds Trust I

Brighthouse/Eaton Vance Floating Rate Portfolio

Schedule of Investments as of March 31, 2022 (Unaudited)

Floating Rate Loans (a)—(Continued)

Security Description	Principal Amount*		Value
Electric—0.7%
Calpine Construction Finance Co. L.P.
Term Loan B, 2.457%, 1M LIBOR + 2.000%, 01/15/25		1,208,193	$	1,192,085
Calpine Corp.
Term Loan B5, 2.960%, 1M LIBOR + 2.500%, 12/16/27		2,612,281		2,596,158
Longview Power LLC
Exit Term Loan, 11.500%, 3M LIBOR + 10.000%, 07/30/25		153,620		155,924
Pike Corp.
Incremental Term Loan B, 3.457%, 1M LIBOR + 3.000%, 01/21/28		431,507		428,540
Vistra Operations Company LLC
1st Lien Term Loan B3, 2.207%, 1M LIBOR + 1.750%, 12/31/25		1,172,857		1,162,815
				5,535,522
Electrical Components & Equipment—0.3%
Creation Technologies, Inc.
Term Loan, 6.000%, 3M LIBOR + 5.500%, 10/05/28		1,100,000		1,076,625
Energizer Holdings, Inc.
Term Loan, 2.750%, 1M LIBOR + 2.250%, 12/22/27		983,674		965,230
				2,041,855
Electronics—0.3%
II-VI, Inc.
Bridge Term Loan B, 12/01/28 (c)		1,125,000		1,112,813
Mirion Technologies, Inc.
Term Loan, 3.250%, 2M LIBOR + 2.750%, 10/20/28		773,063		768,553
TTM Technologies, Inc.
Term Loan, 2.731%, 1M LIBOR + 2.500%, 09/28/24		139,110		138,588
				2,019,954
Engineering & Construction—0.8%
Aegion Corp.
Term Loan, 5.500%, 3M LIBOR + 4.750%, 05/17/28		472,625		470,853
Artera Services, LLC
Incremental Term Loan, 4.506%, 3M LIBOR + 3.500%, 03/06/25		1,091,750		1,031,363
Brand Energy & Infrastructure Services, Inc.
Term Loan, 5.256%, 3M LIBOR + 4.250%, 06/21/24		1,207,078		1,156,448
Brown Group Holding LLC
Term Loan B, 3.506%, 3M LIBOR + 2.500%, 06/07/28		1,340,686		1,319,877
Centuri Group, Inc.
Term Loan B, 3.008%, 3M LIBOR + 2.500%, 08/27/28		819,392		808,381
KKR Apple Bidco LLC
Term Loan, 3.500%, 1M LIBOR + 3.000%, 09/23/28		174,563		172,726
Osmose Utilities Services, Inc.
Term Loan, 3.750%, 1M LIBOR + 3.250%, 06/23/28		721,375		712,358
Rockwood Service Corp.
Term Loan, 4.457%, 1M LIBOR + 4.000%, 01/23/27		530,238		530,570
USIC Holdings, Inc.
Term Loan, 4.250%, 1M LIBOR + 3.500%, 05/12/28		169,008		167,740
				6,370,316
Entertainment—1.9%
Alchemy Copyrights LLC
Term Loan B, 3.500%, 1M LIBOR + 3.000%, 03/10/28		467,890		467,305
Entertainment—(Continued)
AMC Entertainment Holdings, Inc.
Term Loan B, 3.352%, 1M LIBOR + 3.000%, 04/22/26		1,576,250		1,407,665
Aristocrat Technologies, Inc.
1st Lien Term Loan, 2.004%, 3M LIBOR + 1.750%, 10/19/24		938,307		930,566
Crown Finance U.S., Inc.
Term Loan, 3.506%, 3M LIBOR + 2.500%, 02/28/25		1,573,078		1,218,645
Incremental Term Loan, 3.750%, 3M LIBOR + 2.750%, 09/30/26		1,270,724		963,766
Term Loan B1, 8.250%, 05/23/24		423,587		501,421
Incremental Term Loan B1, 9.250%, 3M LIBOR + 8.250%, 02/28/25		325,392		347,356
Great Canadian Gaming Corp.
Term Loan, 4.934%, 3M LIBOR + 4.000%, 11/01/26		573,563		571,268
Live Nation Entertainment, Inc.
Term Loan B4, 2.250%, 1M LIBOR + 1.750%, 10/17/26		1,415,670		1,386,472
SeaWorld Parks & Entertainment, Inc.
Term Loan B, 3.500%, 1M LIBOR + 3.000%, 08/25/28		995,000		985,983
SMG U.S. Midco 2, Inc.
Term Loan, 2.957%, 3M LIBOR + 2.500%, 01/23/25		216,089		208,525
Stars Group Holdings B.V. (The)
Incremental Term Loan, 3.256%, 3M LIBOR + 2.250%, 07/21/26		2,412,875		2,394,778
Twin River Worldwide Holdings, Inc.
Term Loan B, 3.750%, 6M LIBOR + 3.250%, 10/02/28		1,271,813		1,265,850
UFC Holdings LLC
Term Loan B, 3.500%, 6M LIBOR + 2.750%, 04/29/26		2,088,675		2,069,528
				14,719,128
Environmental Control—1.4%
Covanta Holding Corp.
Term Loan B, 3.000%, 1M LIBOR + 2.500%, 11/30/28		441,899		440,472
Term Loan C, 3.000%, 1M LIBOR + 2.500%, 11/30/28		33,101		32,994
EnergySolutions LLC
Term Loan B, 4.756%, 3M LIBOR + 3.750%, 05/09/25		1,028,733		1,010,301
EWT Holdings III Corp.
Term Loan, 3.000%, 1M LIBOR + 2.500%, 04/01/28		967,688		957,205
Filtration Group Corp.
Incremental Term Loan, 3.957%, 1M LIBOR + 3.500%, 10/21/28		820,875		814,205
1st Lien Term Loan, 3.457%, 1M LIBOR + 3.000%, 03/29/25		1,407,266		1,388,796
GFL Environmental, Inc.
Term Loan, 3.500%, 3M LIBOR + 3.000%, 05/30/25		1,336,127		1,332,905
Harsco Corp.
Term Loan, 2.750%, 1M LIBOR + 2.250%, 03/10/28		397,000		387,075
Madison IAQ LLC
Term Loan, 4.524%, 6M LIBOR + 3.250%, 06/21/28		1,836,125		1,812,601
Northstar Group Services, Inc.
Term Loan B, 6.500%, 1M LIBOR + 5.500%, 11/12/26		1,384,866		1,379,672
Robertshaw U.S. Holding Corp.
1st Lien Term Loan, 4.500%, 3M LIBOR + 3.500%, 02/28/25		1,059,627		967,572
U.S. Ecology Holdings, Inc.
Term Loan B, 2.957%, 1M LIBOR + 2.500%, 11/01/26		219,938		219,216
				10,743,014

BHFTI-107

Brighthouse Funds Trust I

Brighthouse/Eaton Vance Floating Rate Portfolio

Schedule of Investments as of March 31, 2022 (Unaudited)

Floating Rate Loans (a)—(Continued)

Security Description	Principal Amount*		Value
Food—1.5%
CHG PPC Parent LLC
Term Loan, 3.500%, 1M LIBOR + 3.000%, 12/08/28		525,000	$	513,844
Del Monte Foods, Inc.
Term Loan, 02/15/29 (c)		475,000		469,212
Froneri International, Ltd.
Term Loan, 2.707%, 1M LIBOR + 2.250%, 01/29/27		1,842,188		1,813,173
H Food Holdings LLC
Term Loan B, 4.145%, 1M LIBOR + 3.687%, 05/23/25		649,688		627,238
Incremental Term Loan, 4.457%, 1M LIBOR + 4.000%, 05/23/25		387,000		375,269
JBS USA Lux S.A.
Term Loan B, 2.804%, 1M LIBOR + 2.000%, 05/01/26		2,772,383		2,751,591
Monogram Food Solutions LLC
Term Loan B, 4.500%, 1M LIBOR + 4.000%, 08/28/28		598,500		591,019
Nomad Foods Europe Midco, Ltd.
Term Loan B4, 2.756%, 3M LIBOR + 2.250%, 05/15/24		1,697,333		1,685,310
Simply Good Foods USA, Inc.
Term Loan B, 3.792%, TSFR + 3.250%, 07/07/24		230,397		229,533
Sovos Brands Intermediate, Inc.
Term Loan, 4.500%, 3M LIBOR + 3.750%, 06/08/28		538,828		534,382
U.S. Foods, Inc.
Term Loan B, 2.508%, 3M LIBOR + 2.000%, 09/13/26		1,438,125		1,412,758
UTZ Quality Foods LLC
Term Loan B, 3.457%, 1M LIBOR + 3.000%, 01/20/28		148,125		146,297
				11,149,626
Food Service—0.2%
Aramark Services, Inc.
Term Loan B3, 2.207%, 1M LIBOR + 1.750%, 03/11/25		816,080		802,819
Term Loan B4, 2.207%, 1M LIBOR + 1.750%, 01/15/27		932,500		916,667
				1,719,486
Forest Products & Paper—0.2%
Asplundh Tree Expert LLC
Term Loan B, 2.207%, 1M LIBOR + 1.750%, 09/07/27		1,083,500		1,073,748
Clearwater Paper Corp.
Term Loan B, 3.625%, 1M LIBOR + 3.000%, 07/26/26		30,000		29,888
Neenah, Inc.
Term Loan B, 3.500%, 1M LIBOR + 3.000%, 04/06/28		397,000		395,263
				1,498,899
Gas—0.1%
UGI Energy Services, LLC
Term Loan B, 4.207%, 1M LIBOR + 3.750%, 08/13/26		899,563		899,000
Hand/Machine Tools—0.3%
Alliance Laundry Systems LLC
Term Loan B, 4.506%, 3M LIBOR + 3.500%, 10/08/27		1,025,625		1,015,797
Apex Tool Group LLC
Term Loan, 5.750%, TSFR + 5.250%, 02/08/29		1,675,631		1,636,882
				2,652,679
Healthcare-Products—1.1%
Avantor Funding, Inc.
Term Loan B4, 2.500%, 1M LIBOR + 2.000%, 11/21/24		183,324		182,522
Term Loan B5, 2.750%, 1M LIBOR + 2.250%, 11/08/27		1,634,909		1,625,031
Healthcare-Products—(Continued)
CPI International, Inc.
1st Lien Term Loan, 4.250%, 1M LIBOR + 3.250%, 07/26/24		566,005		562,350
CryoLife, Inc.
Term Loan B, 4.506%, 3M LIBOR + 3.500%, 06/01/27		454,813		447,990
Curia Global, Inc.
Term Loan, 4.500%, 3M LIBOR + 3.750%, 08/30/26		1,360,696		1,351,512
Hanger, Inc.
1st Lien Term Loan, 3.957%, 1M LIBOR + 3.500%, 03/06/25		984,000		977,850
ICU Medical, Inc.
Term Loan B, 3.000%, TSFR + 2.500%, 01/08/29		650,000		648,781
Ortho-Clinical Diagnostics S.A.
Term Loan B, 3.235%, 1M LIBOR + 3.000%, 06/30/25		1,806,775		1,802,681
Sotera Health Holdings LLC
Term Loan, 3.250%, 3M LIBOR + 2.750%, 12/11/26		575,000		569,610
				8,168,327
Healthcare-Services—3.7%
BW NHHC Holdco, Inc.
1st Lien Term Loan, 5.488%, 3M LIBOR + 5.000%, 05/15/25		890,312		674,876
Cambrex Corp.
Term Loan, 4.250%, 1M LIBOR + 3.500%, 12/04/26		271,563		269,696
Cano Health LLC
Term Loan, 4.507%, TSFR + 4.000%, 11/23/27		2,836,741		2,801,281
Catalent Pharma Solutions, Inc.
Term Loan B3, 2.500%, 1M LIBOR + 2.000%, 02/22/28		828,939		829,976
DuPage Medical Group, Ltd.
Term Loan, 4.256%, 3M LIBOR + 3.250%, 03/12/28		470,250		465,018
Electron BidCo, Inc.
Term Loan, 3.750%, 3M LIBOR + 3.250%, 11/01/28		875,000		866,906
Envision Healthcare Corp.
1st Lien Term Loan, 4.207%, 1M LIBOR + 3.750%, 10/10/25		4,111,875		2,766,704
eResearchTechnology, Inc.
1st Lien Term Loan, 5.500%, 1M LIBOR + 4.500%, 02/04/27		296,977		296,142
GHX Ultimate Parent Corp.
1st Lien Term Loan, 4.256%, 3M LIBOR + 3.250%, 06/28/24		1,049,654		1,045,717
Icon Luxembourg Sarl
Term Loan, 3.256%, 3M LIBOR + 2.250%, 07/03/28		68,010		67,712
Term Loan, 3.313%, 3M LIBOR + 2.250%, 07/03/28		272,967		271,772
Loire Finco Luxembourg S.a.r.l.
Term Loan, 3.707%, 1M LIBOR + 3.250%, 04/21/27		294,789		288,156
Lonza Group AG
Term Loan B, 4.750%, 3M LIBOR + 4.000%, 07/03/28		1,290,266		1,263,251
USD 1st Lien Term Loan B, 5.006%, 3M LIBOR + 4.000%, 07/03/28		523,688		512,723
MDVIP, Inc.
Term Loan, 4.250%, 1M LIBOR + 3.750%, 10/16/28		325,000		321,886
MedAssets Software Intermediate Holdings, Inc.
Term Loan, 4.500%, 3M LIBOR + 4.000%, 12/18/28		1,225,000		1,211,984
National Mentor Holdings, Inc.
Term Loan, 4.756%, 3M LIBOR + 3.750%, 03/02/28		2,138,063		2,076,593
Term Loan C, 4.760%, 3M LIBOR + 3.750%, 03/02/28		59,767		58,048
Pacific Dental Services,LLC
Term Loan, 4.000%, 1M LIBOR + 3.250%, 05/05/28		521,063		515,744

BHFTI-108

Brighthouse Funds Trust I

Brighthouse/Eaton Vance Floating Rate Portfolio

Schedule of Investments as of March 31, 2022 (Unaudited)

Floating Rate Loans (a)—(Continued)

Security Description	Principal Amount*		Value
Healthcare-Services—(Continued)
Pediatric Associates Holding Co. LLC
Delayed Draw Term Loan, 12/29/28 (b)		78,947	$	77,961
Term Loan B, 3.750%, 3M LIBOR + 3.250%, 12/29/28		516,222		510,737
Phoenix Guarantor, Inc.
Term Loan B, 3.707%, 1M LIBOR + 3.250%, 03/05/26		1,604,811		1,587,902
Term Loan B, 3.947%, 1M LIBOR + 3.500%, 03/05/26		1,335,139		1,321,072
Radiology Partners, Inc.
1st Lien Term Loan B, 4.697%, 1M LIBOR + 4.250%, 07/09/25		1,628,497		1,610,177
RadNet, Inc.
Term Loan, 5.500%, 3M LIBOR + 3.000%, 04/21/28		1,066,938		1,054,434
Select Medical Corp.
Term Loan B, 2.710%, 1M LIBOR + 2.250%, 03/06/25		2,457,947		2,434,904
Sound Inpatient Physicians
1st Lien Term Loan, 3.199%, 1M LIBOR + 2.750%, 06/27/25		409,063		407,017
Surgery Center Holdings, Inc.
Term Loan, 4.500%, 1M LIBOR + 3.750%, 08/31/26		1,378,699		1,369,699
WP CityMD Bidco LLC
1st Lien Term Loan B, 3.750%, 6M LIBOR + 3.250%, 12/22/28		750,000		746,641
				27,724,729
Holding Companies-Diversified—0.2%
Belfor Holdings Inc.
Term Loan B, 4.207%, 1M LIBOR + 3.750%, 04/06/26		1,531,492		1,525,749
Home Builders—0.1%
Thor Industries, Inc.
USD Term Loan, 3.500%, 1M LIBOR + 3.000%, 02/01/26		873,661		872,023
Home Furnishings—0.4%
AI Aqua Merger Sub, Inc.
1st Lien Term Loan B, 07/31/28 (c)		750,000		744,062
Mattress Firm, Inc.
Term Loan B, 5.640%, 3M LIBOR + 4.250%, 09/25/28		2,363,125		2,318,817
				3,062,879
Household Products/Wares—0.2%
Kronos Acquisition Holdings, Inc.
Term Loan B, 4.250%, 3M LIBOR + 3.750%, 12/22/26		1,160,313		1,067,003
1st Lien Term Loan, 7.000%, TSFR + 6.000%, 12/22/26		448,875		446,818
				1,513,821
Housewares—0.1%
CFS Brands, LLC
1st Lien Term Loan, 4.000%, 6M LIBOR + 3.000%, 03/20/25		239,978		231,579
Libbey Glass, Inc.
Exit Term Loan, 11.000%, 1M LIBOR + 10.000%, 11/13/25		300,087		310,340
				541,919
Insurance—3.5%
Alliant Holdings Intermediate LLC
Term Loan B, 3.707%, 1M LIBOR + 3.250%, 05/09/25		2,640,277		2,614,237
Insurance—(Continued)
AmWINS Group, Inc.
Term Loan B, 3.000%, 1M LIBOR + 2.250%, 02/19/28		3,900,642		3,843,349
AssuredPartners, Inc.
Term Loan B, 3.957%, 1M LIBOR + 3.500%, 02/12/27		171,063		169,272
Asurion LLC
Term Loan B6, 3.582%, 1M LIBOR + 3.125%, 11/03/23		1,446,966		1,440,274
Term Loan B8, 3.707%, 1M LIBOR + 3.250%, 12/23/26		5,332,500		5,224,421
2nd Lien Term Loan B3, 5.707%, 1M LIBOR + 5.250%, 01/31/28		1,160,000		1,139,216
HUB International, Ltd.
Term Loan B, 3.267%, 3M LIBOR + 3.000%, 04/25/25		4,403,437		4,359,152
Term Loan B, 4.256%, 3M LIBOR + 3.250%, 04/25/25		1,564,200		1,556,183
Ryan Specialty Group LLC
Term Loan, 3.750%, 1M LIBOR + 3.000%, 09/01/27		1,649,875		1,641,626
Sedgwick Claims Management Services, Inc.
Term Loan B, 3.707%, 1M LIBOR + 3.250%, 12/31/25		1,064,250		1,055,128
USI, Inc.
Term Loan, 4.006%, 3M LIBOR + 3.000%, 05/16/24		2,578,500		2,566,188
Incremental Term Loan B, 4.256%, 3M LIBOR + 3.250%, 12/02/26		1,197,462		1,190,478
				26,799,524
Internet—3.2%
Barracuda Networks, Inc.
1st Lien Term Loan, 4.733%, 3M LIBOR + 3.750%, 02/12/25		1,068,300		1,065,362
Buzz Merger Sub, Ltd.
Term Loan B, 3.207%, 1M LIBOR + 2.750%, 01/29/27		490,000		486,937
Term Loan B, 3.750%, 1M LIBOR + 3.250%, 01/29/27		53,545		53,278
CNT Holdings I Corp.
Term Loan, 4.250%, 3M LIBOR + 3.500%, 11/08/27		643,500		640,846
Endure Digital, Inc.
Term Loan, 4.250%, 3M LIBOR + 3.500%, 02/10/28		2,828,625		2,745,534
Getty Images, Inc.
Term Loan B, 5.063%, 3M LIBOR + 4.500%, 02/19/26		2,623,825		2,613,986
Go Daddy Operating Co. LLC
Term Loan B, 2.207%, 1M LIBOR + 1.750%, 02/15/24		2,861,354		2,848,581
Term Loan B4, 2.449%, 1M LIBOR + 2.000%, 08/10/27		1,056,188		1,047,312
Hoya Midco LLC
Term Loan, 3.750%, TSFR + 3.250%, 02/03/29		518,125		511,648
Imperva, Inc.
1st Lien Term Loan, 5.000%, 3M LIBOR + 4.000%, 01/12/26		541,646		535,834
Magnite, Inc.
Term Loan, 5.810%, 6M LIBOR + 5.000%, 04/28/28		669,937		664,913
Match Group, Inc.
Term Loan B, 2.219%, 3M LIBOR + 1.750%, 02/13/27		675,000		661,922
MH Sub I LLC
Incremental Term Loan, 4.750%, 1M LIBOR + 3.750%, 09/13/24		422,848		419,500
NortonLifeLock, Inc.
Term Loan B, 01/28/29 (c)		975,000		964,641
Proofpoint, Inc.
1st Lien Term Loan, 3.758%, 3M LIBOR + 3.250%, 08/31/28		2,643,375		2,617,560
Uber Technologies, Inc.
1st Lien Term Loan B, 3.957%, 1M LIBOR + 3.500%, 04/04/25		1,371,563		1,368,869
Term Loan B, 3.957%, 1M LIBOR + 3.500%, 02/25/27		5,227,173		5,214,649
				24,461,372

BHFTI-109

Brighthouse Funds Trust I

Brighthouse/Eaton Vance Floating Rate Portfolio

Schedule of Investments as of March 31, 2022 (Unaudited)

Floating Rate Loans (a)—(Continued)

Security Description	Principal Amount*		Value
Investment Companies—0.5%
EIG Management Co. LLC
Term Loan B, 4.500%, 1M LIBOR + 3.750%, 02/22/25		240,000	$	239,400
FinCo I LLC
Term Loan B, 2.957%, 1M LIBOR + 2.500%, 06/27/25		1,460,536		1,447,756
Mariner Wealth Advisors LLC
Term Loan B, 3.750%, 3M LIBOR + 3.250%, 08/18/28		478,844		473,457
Delayed Draw Term Loan, 4.256%, 3M LIBOR + 3.250%, 08/18/28		68,509		67,738
Victory Capital Holdings, Inc.
Incremental Term Loan B, 12/29/28 (c)		650,000		641,469
Term Loan B, 2.466%, 3M LIBOR + 2.250%, 07/01/26		778,968		769,718
				3,639,538
Iron/Steel—0.2%
Phoenix Services International LLC
Term Loan, 4.750%, 1M LIBOR + 3.750%, 03/01/25		1,297,203		1,257,206
TMS International Corp.
Term Loan B3, 3.750%, 1M LIBOR + 2.750%, 08/14/24		222,188		220,799
				1,478,005
Leisure Time—2.0%
Bombardier Recreational Products, Inc.
Term Loan, 2.457%, 1M LIBOR + 2.000%, 05/24/27		4,602,338		4,529,276
Carnival Corp.
Term Loan B, 3.750%, 1M LIBOR + 3.000%, 06/30/25		1,624,095		1,585,929
Incremental Term Loan B, 4.000%, 3M LIBOR + 3.250%, 10/18/28		2,967,563		2,905,739
City Football Group, Ltd.
Term Loan, 4.000%, 3M LIBOR + 3.500%, 07/21/28		1,446,375		1,426,487
ClubCorp Holdings, Inc.
Term Loan B, 3.756%, 3M LIBOR + 2.750%, 09/18/24		1,623,500		1,546,130
Fender Musical Instruments Corp.
Term Loan B, 4.500%, TSFR + 4.000%, 12/01/28		349,180		346,997
Hayward Industries, Inc.
Term Loan, 3.000%, 1M LIBOR + 2.500%, 05/30/28		794,000		785,564
MajorDrive Holdings LLC
Term Loan B, 4.563%, 3M LIBOR + 4.000%, 06/01/28		620,313		612,171
SRAM, LLC
Term Loan B, 3.258%, 6M LIBOR + 2.750%, 05/18/28		265,909		263,250
Travel Leaders Group LLC
Term Loan B, 4.457%, 1M LIBOR + 4.000%, 01/25/24		1,237,059		1,167,991
				15,169,534
Lodging—0.9%
Fertitta Entertainment LLC
Term Loan B, 4.500%, TSFR + 4.000%, 01/27/29		1,960,027		1,951,675
Four Seasons Hotels, Ltd.
1st Lien Term Loan, 2.457%, 1M LIBOR + 2.000%, 11/30/23		855,000		853,626
Hilton Grand Vacations Borrower LLC
Term Loan, 3.500%, 1M LIBOR + 3.000%, 08/02/28		945,250		940,967
Playa Resorts Holding B.V.
Term Loan B, 3.750%, 1M LIBOR + 2.750%, 04/29/24		1,929,837		1,890,638
Wyndham Hotels & Resorts, Inc.
Term Loan B, 2.207%, 1M LIBOR + 1.750%, 05/30/25		1,158,000		1,149,195
				6,786,101
Machinery-Construction & Mining—0.5%
Brookfield WEC Holdings, Inc.
Term Loan, 3.207%, 1M LIBOR + 2.750%, 08/01/25		3,972,626		3,907,844
Machinery-Diversified—2.0%
Ali Group North America Corp.
Term Loan B, 10/13/28 (c)		1,725,000		1,695,891
Chamberlain Group, Inc.
Term Loan B, 4.506%, 3M LIBOR + 3.500%, 11/03/28		1,720,688		1,701,330
Clark Equipment Co.
Term Loan B, 2.841%, 3M LIBOR + 1.835%, 05/18/24		990,218		987,897
CPM Holdings, Inc.
1st Lien Term Loan, 3.957%, 1M LIBOR + 3.500%, 11/17/25		1,771,111		1,746,758
DXP Enterprises, Inc.
Term Loan, 5.750%, 1M LIBOR + 4.750%, 12/16/27		543,125		539,957
Engineered Machinery Holdings, Inc.
USD Incremental Term Loan, 4.756%, 3M LIBOR + 3.750%, 05/19/28		1,398,495		1,382,263
Gardner Denver, Inc.
Term Loan B2, 2.207%, 1M LIBOR + 1.750%, 03/01/27		1,086,755		1,071,066
GrafTech Finance, Inc.
Term Loan B, 3.500%, 1M LIBOR + 3.000%, 02/12/25		589,294		584,137
Granite Holdings U.S. Acquisition Co.
Term Loan B, 5.063%, 3M LIBOR + 4.000%, 09/30/26		1,261,965		1,252,500
Rexnord LLC
Term Loan B, 2.750%, 1M LIBOR + 2.250%, 10/04/28		374,063		372,426
SPX Flow, Inc.
Term Loan, 03/16/29 (c)		1,450,000		1,413,976
Titan Acquisition, Ltd.
Term Loan B, 4.006%, 3M LIBOR + 3.000%, 03/28/25		2,663,993		2,612,711
				15,360,912
Media—5.6%
Adevinta ASA
Term Loan B, 3.756%, 3M LIBOR + 2.750%, 06/26/28		1,272,938		1,256,389
Charter Communications Operating LLC
Term Loan B2, 2.207%, 1M LIBOR + 1.750%, 02/01/27		1,840,428		1,827,199
CSC Holdings LLC
Term Loan B1, 2.647%, 1M LIBOR + 2.250%, 07/17/25		2,344,043		2,311,812
Incremental Term Loan, 2.647%, 1M LIBOR + 2.250%, 01/15/26		921,500		906,608
Term Loan B5, 2.897%, 1M LIBOR + 2.500%, 04/15/27		1,161,300		1,143,590
Cumulus Media New Holdings, Inc.
Term Loan B, 4.750%, 6M LIBOR + 3.750%, 03/31/26		309,406		307,521
Diamond Sports Group LLC
2nd Lien Term Loan, 3.445%, TSFR + 3.250%, 08/24/26		2,608,275		910,179
First Priority Term Loan, 9.000%, TSFR + 8.000%, 05/26/26		532,240		541,471
GEE Holdings 2 LLC
Exit Term Loan, 9.000%, 3M LIBOR + 8.000%, 03/24/25		158,328		154,369
Global Eagle Entertainment, Inc.
2nd Lien Takeback Term Loan, 6.750%, 3M LIBOR + 6.750%, 03/23/26		326,402		269,282
Gray Television, Inc.
Term Loan B, 2.731%, 1M LIBOR + 2.500%, 02/07/24		1,470,015		1,463,431
Term Loan C, 2.731%, 1M LIBOR + 2.500%, 01/02/26		552,268		549,621
Term Loan D, 3.231%, 1M LIBOR + 3.000%, 12/01/28		1,072,313		1,068,403

BHFTI-110

Brighthouse Funds Trust I

Brighthouse/Eaton Vance Floating Rate Portfolio

Schedule of Investments as of March 31, 2022 (Unaudited)

Floating Rate Loans (a)—(Continued)

Security Description	Principal Amount*		Value
Media—(Continued)
Hubbard Radio LLC
Term Loan B, 5.250%, 1M LIBOR + 4.250%, 03/28/25		514,141	$	512,641
iHeartCommunications, Inc.
Term Loan, 3.457%, 1M LIBOR + 3.000%, 05/01/26		842,742		839,319
Incremental Term Loan, 3.750%, 1M LIBOR + 3.250%, 05/01/26		334,350		333,007
LCPR Loan Financing LLC
Term Loan B, 4.147%, 1M LIBOR + 3.750%, 10/16/28		250,000		249,766
Mission Broadcasting, Inc.
Term Loan B, 2.731%, 1M LIBOR + 2.500%, 06/02/28		398,000		395,419
MJH Healthcare Holdings LLC
Term Loan B, 4.000%, TSFR + 3.500%, 01/28/29		300,000		296,250
Nexstar Broadcasting, Inc.
Term Loan B3, 2.707%, 1M LIBOR + 2.250%, 01/17/24		604,205		602,921
Term Loan B4, 2.731%, 1M LIBOR + 2.500%, 09/18/26		388,236		387,184
Recorded Books, Inc.
Term Loan, 4.387%, 1M LIBOR + 4.000%, 08/29/25		235,231		234,055
Sinclair Television Group, Inc.
Term Loan B2B, 2.960%, 1M LIBOR + 2.500%, 09/30/26		536,250		521,280
Term Loan B3, 3.460%, 1M LIBOR + 3.000%, 04/01/28		1,730,072		1,689,416
Telenet Financing USD LLC
Term Loan AR, 2.397%, 1M LIBOR + 2.000%, 04/30/28		3,500,000		3,425,625
Univision Communications, Inc.
Term Loan C5, 3.750%, 1M LIBOR + 2.750%, 03/15/24		1,898,610		1,895,050
Term Loan B, 4.000%, 1M LIBOR + 3.250%, 03/15/26		1,464,264		1,459,322
UPC Broadband Holding B.V.
Term Loan B, 2.647%, 1M LIBOR + 2.250%, 04/30/28		775,000		758,919
UPC Financing Partnership
USD Term Loan AX, 3.397%, 1M LIBOR + 3.000%, 01/31/29		3,100,000		3,074,425
Virgin Media Bristol LLC
Term Loan N, 2.897%, 1M LIBOR + 2.500%, 01/31/28		6,450,000		6,376,431
Term Loan Q, 3.647%, 1M LIBOR + 3.250%, 01/31/29		1,125,000		1,117,793
Ziggo Financing Partnership
Term Loan I, 2.897%, 1M LIBOR + 2.500%, 04/30/28		5,475,000		5,397,151
				42,275,849
Metal Fabricate/Hardware—1.1%
Ameriforge Group, Inc.
Term Loan, 9.000%, 3M LIBOR + 8.000%, 12/31/23		829,750		414,875
Term Loan, 14.000%, 1M LIBOR + 13.000%, 12/29/23 (b) (e)		104,837		52,418
Dynacast International LLC
First Out Term Loan, 5.500%, 3M LIBOR + 4.500%, 07/22/25		1,361,843		1,356,736
Tiger Acquisition LLC
Term Loan, 3.758%, 3M LIBOR + 3.250%, 06/01/28		522,375		502,198
Werner FinCo L.P.
Term Loan, 5.000%, 3M LIBOR + 4.000%, 07/24/24		1,337,898		1,330,093
WireCo WorldGroup, Inc.
Term Loan, 4.750%, 6M LIBOR + 4.250%, 11/13/28		544,907		540,821
Zekelman Industries, Inc.
Term Loan, 2.457%, 1M LIBOR + 2.000%, 01/24/27		4,109,976		4,048,327
				8,245,468
Miscellaneous Manufacturing—1.4%
EXC Holdings III Corp.
1st Lien Term Loan, 4.506%, 3M LIBOR + 3.500%, 12/02/24		554,904		553,516
Gates Global LLC
Term Loan B3, 3.250%, 1M LIBOR + 2.500%, 03/31/27		3,642,966		3,601,330
Gemini HDPE LLC
Term Loan B, 3.500%, 3M LIBOR + 3.000%, 12/31/27		669,944		661,290
Groupe Solmax, Inc.
Term Loan, 5.756%, 2M LIBOR + 4.750%, 05/29/28		1,067,497		1,048,816
LTI Holdings, Inc.
1st Lien Term Loan, 3.957%, 1M LIBOR + 3.500%, 09/06/25		1,208,185		1,183,417
Delayed Draw Term Loan, 4.959%, 1M LIBOR + 4.750%, 07/24/26		384,668		382,745
Term Loan, 4.959%, 1M LIBOR + 4.750%, 07/24/26		170,625		169,026
Term Loan, 5.207%, 1M LIBOR + 4.750%, 07/24/26		636,306		633,124
Momentive Performance Materials, Inc.
Term Loan B, 3.700%, 1M LIBOR + 3.250%, 05/15/24		2,334,000		2,309,687
Rohm Holding GmbH
Term Loan B, 5.269%, 6M LIBOR + 4.750%, 07/31/26		342,105		325,000
				10,867,951
Oil & Gas—0.6%
CITGO Holding, Inc.
Term Loan B, 8.000%, 1M LIBOR + 7.000%, 08/01/23		219,375		217,250
CITGO Petroleum Corp.
Term Loan B, 7.250%, 1M LIBOR + 6.250%, 03/28/24		1,945,389		1,944,659
Delek U.S. Holdings, Inc.
Term Loan B, 2.707%, 1M LIBOR + 2.250%, 03/31/25		1,058,257		1,032,065
Incremental Term Loan B, 6.500%, 1M LIBOR + 5.500%, 03/31/25		539,000		536,305
QuarterNorth Energy Holding, Inc.
2nd Lien Term Loan, 9.000%, 3M LIBOR + 8.000%, 08/27/26		360,142		361,943
RDV Resources Properties, LLC
Exit Term Loan, 9.500%, 1M LIBOR + 8.500%, 03/29/24		137,205		135,833
				4,228,055
Oil & Gas Services—0.0%
Apergy Corp.
Term Loan, 6.000%, 3M LIBOR + 5.000%, 06/03/27		182,500		183,489
Lealand Finance Company B.V.
Take Back Term Loan, 3.000%, 1M LIBOR + 1.000%, 06/30/25		277,946		134,804
				318,293
Packaging & Containers—2.7%
Berlin Packaging LLC
1st Lien Term Loan B, 4.756%, 1M LIBOR + 3.750%, 03/11/28		1,368,125		1,357,522
Berry Global, Inc.
Term Loan Z, 2.071%, 1M LIBOR + 1.750%, 07/01/26		748,170		738,610
BWAY Holding Co.
Term Loan B, 3.481%, 1M LIBOR + 3.250%, 04/03/24		1,857,375		1,835,319
Charter NEX U.S., Inc.
Term Loan, 4.500%, 1M LIBOR + 3.750%, 12/01/27		420,750		418,427

BHFTI-111

Brighthouse Funds Trust I

Brighthouse/Eaton Vance Floating Rate Portfolio

Schedule of Investments as of March 31, 2022 (Unaudited)

Floating Rate Loans (a)—(Continued)

Security Description	Principal Amount*		Value
Packaging & Containers—(Continued)
Clydesdale Acquisition Holdings, Inc.
Term Loan, 03/30/29 (c)		625,000	$	615,179
Flex Acquisition Co., Inc.
Incremental Term Loan, 3.214%, 3M LIBOR + 3.000%, 06/29/25		1,294,097		1,293,288
Term Loan, 4.000%, 3M LIBOR + 3.500%, 03/02/28		4,640,319		4,632,342
LABL, Inc.
USD 1st Lien Term Loan, 5.500%, 1M LIBOR + 5.000%, 10/29/28		1,795,500		1,774,740
Pregis TopCo Corp.
1st Lien Term Loan, 4.457%, 1M LIBOR + 4.000%, 07/31/26		562,063		551,524
Pretium PKG Holdings, Inc.
1st Lien Term Loan, 4.500%, 3M LIBOR + 4.000%, 10/02/28		673,313		655,638
Proampac PG Borrower LLC
Term Loan, 4.500%, 3M LIBOR + 3.750%, 11/03/25		941,768		923,717
Reynolds Group Holdings, Inc.
Term Loan B2, 3.707%, 1M LIBOR + 3.250%, 02/05/26		1,308,437		1,276,194
Term Loan B, 4.000%, 1M LIBOR + 3.500%, 09/20/28		1,069,625		1,043,419
TricorBraun Holdings, Inc.
Term Loan, 3.750%, 1M LIBOR + 3.250%, 03/03/28		670,609		655,281
Trident TPI Holdings, Inc.
Term Loan B1, 4.256%, 3M LIBOR + 3.250%, 10/17/24		1,844,747		1,829,375
Delayed Draw Term Loan, 4.500%, 1M LIBOR + 4.000%, 09/15/28 (b)		105,318		104,221
Incremental Term Loan, 4.500%, 1M LIBOR + 4.000%, 09/15/28		740,688		732,972
				20,437,768
Pharmaceuticals—4.5%
Akorn, Inc.
Take Back Term Loan, 8.500%, 3M LIBOR + 7.500%, 10/01/25		481,884		483,892
Alkermes, Inc.
Term Loan B, 3.000%, 3M LIBOR + 2.500%, 03/12/26		342,943		336,942
Amneal Pharmaceuticals LLC
Term Loan B, 3.947%, 1M LIBOR + 3.500%, 05/04/25		2,940,559		2,901,964
Bausch Health Companies, Inc.
Term Loan B, 3.457%, 1M LIBOR + 3.000%, 06/02/25		3,901,118		3,875,519
Bayou Intermediate LLC
Term Loan B, 5.250%, 3M LIBOR + 4.500%, 08/02/28		773,063		761,467
Change Healthcare Holdings LLC
Term Loan B, 3.957%, 1M LIBOR + 2.500%, 03/01/24		3,159,027		3,146,053
Covis Finco S.a.r.l.
USD Term Loan B, 7.250%, TSFR + 6.500%, 02/18/27		1,050,000		971,250
Gainwell Acquisition Corp.
Term Loan B, 5.006%, 3M LIBOR + 4.000%, 10/01/27		5,462,929		5,442,443
Grifols Worldwide Operations USA, Inc.
Term Loan B, 2.457%, 1M LIBOR + 2.000%, 11/15/27		1,650,161		1,621,856
HLF Financing S.a r.l.
Term Loan B, 2.957%, 1M LIBOR + 2.500%, 08/18/25		862,875		847,415
Horizon Therapeutics USA, Inc.
Term Loan B2, 2.250%, 1M LIBOR + 1.750%, 03/15/28		1,980,000		1,963,665
Term Loan B, 2.500%, 1M LIBOR + 2.000%, 05/22/26		988,299		979,651
Jazz Financing Lux S.a.r.l.
Term Loan, 4.000%, 1M LIBOR + 3.500%, 05/05/28		1,662,438		1,658,858
Pharmaceuticals—(Continued)
LSCS Holdings, Inc.
1st Lien Term Loan, 5.000%, 1M LIBOR + 4.500%, 12/16/28		822,938		815,051
Mallinckrodt International Finance S.A.
Term Loan B, 6.000%, 3M LIBOR + 5.250%, 09/24/24		3,965,603		3,637,204
Term Loan B, 6.250%, 3M LIBOR + 5.500%, 02/24/25		508,392		466,238
Option Care Health, Inc.
Term Loan B, 3.250%, 1M LIBOR + 2.750%, 10/27/28		448,875		445,696
Packaging Coordinators Midco, Inc.
Term Loan, 4.500%, 3M LIBOR + 3.750%, 11/30/27		1,362,742		1,357,064
Padagis LLC
Term Loan B, 5.250%, 3M LIBOR + 4.750%, 07/06/28		1,800,000		1,789,875
Pearl Intermediate Parent LLC
2nd Lien Term Loan, 6.707%, 1M LIBOR + 6.250%, 02/13/26		200,000		199,333
PetVet Care Centers LLC
Term Loan B3, 4.250%, 1M LIBOR + 3.500%, 02/14/25		322,208		320,664
				34,022,100
Pipelines—0.6%
Blackstone CQP Holdco L.P.
Term Loan B, 4.756%, 3M LIBOR + 3.750%, 06/05/28		1,414,313		1,408,272
Centurion Pipeline Co., LLC
Term Loan B, 3.707%, 1M LIBOR + 3.250%, 09/29/25		217,688		214,876
Incremental Term Loan, 4.457%, 1M LIBOR + 4.000%, 09/28/25		767,676		758,080
Freeport LNG Investments LLLP
Term Loan B, 4.000%, 3M LIBOR + 3.500%, 12/21/28		775,000		770,253
ITT Holdings LLC
Term Loan, 3.250%, 1M LIBOR + 2.750%, 07/10/28		422,875		418,514
Oryx Midstream Services Permian Basin LLC
Term Loan B, 3.750%, 3M LIBOR + 3.250%, 10/05/28		922,688		916,200
				4,486,195
Real Estate—0.5%
Cushman & Wakefield U.S. Borrower LLC
Term Loan B, 3.207%, 1M LIBOR + 2.750%, 08/21/25		2,402,742		2,374,584
RE/MAX International, Inc.
Term Loan B, 3.000%, 1M LIBOR + 2.500%, 07/21/28		1,687,250		1,657,723
				4,032,307
Real Estate Investment Trusts—0.2%
Brookfield Property REIT, Inc.
1st Lien Term Loan B, 2.957%, 1M LIBOR + 2.500%, 08/27/25		834,446		816,366
Iron Mountain, Inc.
Term Loan B, 2.207%, 1M LIBOR + 1.750%, 01/02/26		792,000		782,760
				1,599,126
Retail—3.6%
1011778 B.C. Unlimited Liability Co.
Term Loan B4, 2.207%, 1M LIBOR + 1.750%, 11/19/26		5,009,688		4,911,998
Beacon Roofing Supply, Inc.
Term Loan B, 2.707%, 1M LIBOR + 2.250%, 05/19/28		1,017,313		1,003,749

BHFTI-112

Brighthouse Funds Trust I

Brighthouse/Eaton Vance Floating Rate Portfolio

Schedule of Investments as of March 31, 2022 (Unaudited)

Floating Rate Loans (a)—(Continued)

Security Description	Principal Amount*		Value
Retail—(Continued)
David’s Bridal, Inc.
Priority Term Loan, 6.000%, 3M LIBOR + 5.000%, 06/23/23 (e) (f)		242,280	$	238,961
New Money Term Loan, 7.000%, 3M LIBOR + 6.000%, 06/30/23 (e) (f)		288,298		269,876
Great Outdoors Group LLC
Term Loan B1, 4.500%, 1M LIBOR + 3.750%, 03/06/28		2,493,532		2,487,687
Harbor Freight Tools USA, Inc.
Term Loan B, 3.250%, 1M LIBOR + 2.750%, 10/19/27		1,333,125		1,307,852
IRB Holding Corp.
Term Loan B, 3.750%, TSFR + 3.000%, 12/15/27		493,750		489,121
Term Loan B, 4.250%, 6M LIBOR + 2.750%, 02/05/25		2,858,280		2,836,843
Les Schwab Tire Centers
Term Loan B, 4.000%, 3M LIBOR + 3.250%, 11/02/27		2,868,488		2,838,607
LIDS Holdings, Inc.
Term Loan, 6.500%, TSFR + 5.500%, 12/14/26 (e) (f)		557,031		546,837
Medical Solutions LLC
Delayed Draw Term Loan, 11/01/28 (b)		260,000		258,294
First Lien Term Loan, 4.506%, 3M LIBOR + 3.500%, 11/01/28		1,365,000		1,356,043
Park River Holdings, Inc.
Term Loan, 4.000%, 3M LIBOR + 3.250%, 12/28/27		620,311		607,759
PetSmart, Inc.
Term Loan B, 4.500%, 3M LIBOR + 3.750%, 02/11/28		1,318,375		1,314,420
Phillips Feed Service, Inc.
Term Loan, 8.000%, 3M LIBOR + 7.000%, 11/13/24 (e) (f)		11,433		9,146
Serta Simmons Bedding LLC
Super Priority Second Out Term Loan, 8.500%, 1M LIBOR + 7.500%, 08/10/23		2,997,146		2,835,513
Super Priority First Out Term Loan, 8.500%, 1M LIBOR + 7.500%, 08/10/23		906,200		909,825
SRS Distribution, Inc.
Incremental Term Loan, 4.000%, TSFR + 3.500%, 06/02/28		425,000		419,024
Term Loan B, 4.250%, 3M LIBOR + 3.500%, 06/02/28		1,044,750		1,030,646
White Cap Buyer LLC
Term Loan B, 6.250%, TSFR + 3.750%, 10/19/27		1,999,688		1,979,067
				27,651,268
Semiconductors—0.7%
Allegro Microsystems, Inc.
Term Loan, 4.250%, 1M LIBOR + 3.750%, 09/30/27		42,308		42,096
Altar Bidco, Inc.
Term Loan, 3.850%, TSFR + 3.350%, 02/01/29		1,400,000		1,384,250
Bright Bidco B.V.
Term Loan B, 4.774%, 6M LIBOR + 3.500%, 06/30/24		1,834,745		1,112,314
Cohu, Inc.
Term Loan B, 3.519%, 3M LIBOR + 3.000%, 10/01/25		211,122		209,671
MaxLinear, Inc.
Term Loan B, 2.750%, 1M LIBOR + 2.250%, 06/23/28		704,286		698,123
Synaptics, Inc.
Term Loan B, 2.750%, 3M LIBOR + 2.250%, 12/02/28		447,750		446,631
Ultra Clean Holdings, Inc.
Term Loan B, 4.207%, 1M LIBOR + 3.750%, 08/27/25		1,069,344		1,066,169
				4,959,254
Software—15.1%
Applied Systems, Inc.
1st Lien Term Loan, 4.006%, 3M LIBOR + 3.000%, 09/19/24		6,490,211		6,456,598
AppLovin Corp.
Term Loan B, 3.500%, 1M LIBOR + 3.000%, 10/25/28		1,645,875		1,636,489
Term Loan B, 3.707%, 1M LIBOR + 3.250%, 08/15/25		4,563,549		4,545,295
Aptean, Inc.
Term Loan, 4.707%, 1M LIBOR + 4.250%, 04/23/26		4,759,125		4,701,620
AQA Acquisition Holding, Inc.
Term Loan, 5.256%, 3M LIBOR + 4.250%, 03/03/28		794,000		791,354
Banff Merger Sub, Inc.
Term Loan, 4.756%, 3M LIBOR + 3.750%, 10/02/25		4,561,153		4,539,383
Bracket Intermediate Holding Corp.
1st Lien Term Loan B, 4.466%, 3M LIBOR + 4.250%, 09/05/25		796,125		791,149
Camelot U.S. Acquisition 1 Co.
Term Loan B, 3.457%, 1M LIBOR + 3.000%, 10/30/26		1,612,875		1,593,520
Incremental Term Loan B, 4.000%, 1M LIBOR + 3.000%, 10/30/26		1,036,875		1,028,839
CentralSquare Technologies LLC
1st Lien Term Loan, 6.250%, 3M LIBOR + 3.750%, 08/29/25		774,000		732,978
Ceridian HCM Holding, Inc.
Term Loan B, 2.957%, 1M LIBOR + 2.500%, 04/30/25		1,326,875		1,315,265
Cloudera, Inc.
Term Loan, 4.250%, 1M LIBOR + 3.750%, 10/08/28		3,050,000		3,023,313
Second Lien Term Loan, 6.500%, 1M LIBOR + 6.000%, 10/08/29		850,000		839,375
Constant Contact, Inc.
Term Loan, 4.750%, 3M LIBOR + 4.000%, 02/10/28		1,789,359		1,771,465
Cornerstone OnDemand, Inc.
Term Loan, 4.250%, 3M LIBOR + 3.750%, 10/16/28		1,475,000		1,462,094
Cvent, Inc.
1st Lien Term Loan, 4.207%, 1M LIBOR + 3.750%, 11/29/24		344,323		341,741
E2open LLC
Term Loan B, 4.000%, 3M LIBOR + 3.500%, 02/04/28		1,167,064		1,155,394
ECI Macola Max Holdings LLC
Term Loan, 4.756%, 3M LIBOR + 3.750%, 11/09/27		1,284,991		1,272,141
EP Purchaser LLC
Term Loan B, 4.506%, 3M LIBOR + 3.500%, 11/06/28		450,000		447,656
Epicor Software Corp.
Term Loan, 4.000%, 1M LIBOR + 3.250%, 07/30/27		6,236,574		6,195,113
Finastra USA, Inc.
1st Lien Term Loan, 4.500%, 3M LIBOR + 3.500%, 06/13/24		3,315,392		3,277,059
Grab Holdings, Inc.
Term Loan B, 5.500%, 1M LIBOR + 4.500%, 01/29/26		2,103,750		2,061,675
Greeneden U.S., Holdings II LLC
Term Loan B4, 4.750%, 1M LIBOR + 4.000%, 12/01/27		792,000		791,753
Hyland Software, Inc.
Term Loan 3, 3.957%, 1M LIBOR + 3.500%, 07/01/24		8,639,284		8,608,235
Informatica LLC
USD Term Loan B, 3.250%, 1M LIBOR + 2.750%, 10/27/28		2,950,000		2,920,500
Ivanti Software, Inc.
Add On Term Loan B, 4.750%, 3M LIBOR + 4.000%, 12/01/27		668,250		658,435
Term Loan B, 5.000%, 3M LIBOR + 4.250%, 12/01/27		2,388,000		2,358,577
MA FinanceCo. LLC Term Loan B, 5.250%, 3M LIBOR + 4.250%, 06/05/25		1,515,756		1,505,020

BHFTI-113

Brighthouse Funds Trust I

Brighthouse/Eaton Vance Floating Rate Portfolio

Schedule of Investments as of March 31, 2022 (Unaudited)

Floating Rate Loans (a)—(Continued)

Security Description	Principal Amount*		Value
Software—(Continued)
Marcel LUX IV Sarl
Term Loan B1, 3.707%, 1M LIBOR + 3.250%, 03/15/26		972,500	$	966,422
USD Term Loan B, 4.750%, 1M LIBOR + 4.000%, 12/31/27		94,905		94,549
Mavenir Systems, Inc.
Term Loan B, 5.250%, 3M LIBOR + 4.750%, 08/18/28		425,000		422,609
Maverick Bidco, Inc.
Term Loan, 4.500%, 3M LIBOR + 3.750%, 05/18/28		922,688		922,879
MedAssets Software Intermediate Holdings, Inc.
2nd Lien Term Loan 2, 7.250%, 3M LIBOR + 6.750%, 12/17/29		775,000		765,192
Mediaocean LLC
Term Loan, 4.000%, 1M LIBOR + 3.500%, 12/15/28		700,000		694,167
Navicure, Inc.
Term Loan B, 4.457%, 1M LIBOR + 4.000%, 10/22/26		2,656,080		2,652,759
Playtika Holding Corp.
Term Loan, 3.207%, 1M LIBOR + 2.750%, 03/13/28		1,894,816		1,872,315
PointClickCare Technologies, Inc.
Term Loan B, 3.750%, 6M LIBOR + 3.000%, 12/29/27		544,500		540,416
Polaris Newco LLC
Term Loan B, 4.500%, 1M LIBOR + 4.000%, 06/02/28		3,110,747		3,092,471
Project Ruby Ultimate Parent Corp.
Term Loan, 4.000%, 1M LIBOR + 3.250%, 03/03/28		1,064,250		1,053,874
Rackspace Hosting, Inc.
Term Loan, 3.500%, 3M LIBOR + 2.750%, 02/15/28		1,361,250		1,336,577
Realpage, Inc.
1st Lien Term Loan, 3.750%, 1M LIBOR + 3.250%, 04/24/28		2,985,000		2,955,896
Renaissance Holding Corp.
Incremental Term Loan, 03/17/27 (c)		200,000		199,083
Seattle Spinco, Inc.
Term Loan B3, 3.207%, 1M LIBOR + 2.750%, 06/21/24		1,637,913		1,620,510
Signify Health LLC
Term Loan B, 4.256%, 3M LIBOR + 3.250%, 06/22/28		348,250		343,679
SkillSoft Corp.
Term Loan B, 5.500%, 3M LIBOR + 4.750%, 07/14/28		673,688		668,635
Skopima Merger Sub, Inc.
Term Loan B, 4.500%, 1M LIBOR + 4.000%, 05/12/28		1,567,125		1,551,846
SolarWinds Holdings, Inc.
Term Loan B, 3.207%, 1M LIBOR + 2.750%, 02/05/24		3,509,835		3,467,215
Sophia L.P.
Term Loan B, 4.256%, 3M LIBOR + 3.250%, 10/07/27		3,380,015		3,350,440
Sovos Compliance LLC
Delayed Draw Term Loan, 08/11/28 (b)		117,808		117,808
Term Loan, 5.000%, 1M LIBOR + 4.500%, 08/11/28		680,486		680,486
SS&C Technologies, Inc.
Term Loan B6, 03/23/29 (c)		318,627		316,238
Term Loan B7, 03/23/29 (c)		431,373		428,137
SurveyMonkey, Inc.
Term Loan B, 4.210%, 1M LIBOR + 3.750%, 10/10/25		998,933		993,939
Symplr Software, Inc.
Term Loan, 5.251%, 3M LIBOR + 4.500%, 12/22/27		867,372		856,530
Thoughtworks, Inc.
Term Loan B, 3.250%, 1M LIBOR + 2.750%, 03/23/28		284,112		280,827
Tibco Software, Inc.
Term Loan B3, 4.210%, 1M LIBOR + 3.750%, 06/30/26		3,889,221		3,870,747
Software—(Continued)
Ultimate Software Group, Inc.
Term Loan, 3.750%, 3M LIBOR + 3.250%, 05/04/26		5,039,690		5,005,043
Term Loan B, 4.756%, 3M LIBOR + 3.750%, 05/04/26		1,438,125		1,435,129
Veritas U.S., Inc.
Term Loan B, 6.000%, 3M LIBOR + 5.000%, 09/01/25		3,359,037		3,160,293
VS Buyer, LLC
Term Loan B, 3.457%, 1M LIBOR + 3.000%, 02/28/27		2,287,757		2,273,458
				114,812,205
Telecommunications—3.7%
Altice France S.A.
Term Loan B13, 4.506%, 3M LIBOR + 4.000%, 08/14/26		1,232,201		1,211,022
Avaya, Inc.
Term Loan B2, 4.397%, 1M LIBOR + 4.000%, 12/15/27		200,000		197,800
CenturyLink, Inc.
Term Loan B, 2.707%, 1M LIBOR + 2.250%, 03/15/27		6,256,000		6,100,576
CommScope, Inc.
Term Loan B, 3.707%, 1M LIBOR + 3.250%, 04/06/26		1,511,250		1,477,956
Cyxtera DC Holdings, Inc.
Term Loan B, 4.000%, 6M LIBOR + 3.000%, 05/01/24		1,452,563		1,441,215
Delta TopCo, Inc.
Term Loan B, 4.500%, 3M LIBOR + 3.750%, 12/01/27		4,324,837		4,262,283
Digicel International Finance, Ltd.
Term Loan B, 3.500%, 6M LIBOR + 3.250%, 05/28/24		1,456,390		1,390,853
Level 3 Financing, Inc.
Term Loan B, 2.207%, 1M LIBOR + 1.750%, 03/01/27		1,720,372		1,691,033
LogMeIn, Inc.
Term Loan B, 5.218%, 1M LIBOR + 4.750%, 08/31/27		2,747,775		2,705,987
Numericable Group S.A.
Term Loan B11, 3.049%, 3M LIBOR + 2.750%, 07/31/25		1,714,500		1,677,352
Plantronics, Inc.
Term Loan B, 2.957%, 1M LIBOR + 2.500%, 07/02/25		1,499,356		1,490,297
SBA Senior Finance II LLC
Term Loan B, 2.210%, 1M LIBOR + 1.750%, 04/11/25		1,829,652		1,811,028
West Corp.
Term Loan B1, 4.500%, 3M LIBOR + 3.500%, 10/10/24		254,762		231,451
Term Loan, 5.000%, 3M LIBOR + 4.000%, 10/10/24		1,396,535		1,280,822
Zayo Group Holdings, Inc.
Term Loan, 3.457%, 1M LIBOR + 3.000%, 03/09/27		1,126,546		1,097,678
				28,067,353
Transportation—0.4%
Kenan Advantage Group, Inc.
Term Loan B1, 4.500%, 3M LIBOR + 3.750%, 03/24/26		2,295,938		2,269,534
N-Able International Holdings II LLC
Term Loan B, 3.508%, 3M LIBOR + 3.000%, 07/19/28		447,750		441,594
XPO Logistics, Inc. Term Loan B, 1.992%, 1M LIBOR + 1.750%, 02/24/25		575,000		570,020
				3,281,148
Total Floating Rate Loans (Cost $733,020,836)				719,727,955

BHFTI-114

Brighthouse Funds Trust I

Brighthouse/Eaton Vance Floating Rate Portfolio

Schedule of Investments as of March 31, 2022 (Unaudited)

Corporate Bonds & Notes—3.3%

Security Description	Principal Amount*		Value
Aerospace/Defense—0.4%
TransDigm, Inc.
6.250%, 03/15/26(144A)		3,000,000	$	3,079,920
Airlines—0.4%
American Airlines, Inc./AAdvantage Loyalty IP, Ltd.
5.500%, 04/20/26(144A)		2,000,000		2,015,000
5.750%, 04/20/29(144A)		1,500,000		1,494,375
				3,509,375
Auto Parts & Equipment—0.2%
Clarios Global L.P.
6.750%, 05/15/25(144A)		225,000		232,994
Clarios Global L.P. / Clarios U.S. Finance Co.
6.250%, 05/15/26(144A)		1,215,000		1,249,931
				1,482,925
Commercial Services—0.3%
Allied Universal Holdco LLC / Allied Universal Finance Corp.
6.625%, 07/15/26(144A)		725,000		733,577
Garda World Security Corp.
4.625%, 02/15/27(144A)		850,000		814,682
Prime Security Services Borrower LLC / Prime Finance, Inc.
5.250%, 04/15/24(144A)		625,000		639,900
Sabre GLBL, Inc.
9.250%, 04/15/25(144A)		300,000		332,591
				2,520,750
Distribution/Wholesale—0.0%
American Builders & Contractors Supply Co., Inc.
4.000%, 01/15/28(144A)		275,000		264,190
Diversified Financial Services—0.1%
AG Issuer LLC
6.250%, 03/01/28(144A)		425,000		425,000
Electric—0.2%
Calpine Corp.
4.500%, 02/15/28(144A)		300,000		292,644
5.250%, 06/01/26(144A)		988,000		992,940
				1,285,584
Entertainment—0.2%
AMC Entertainment Holdings, Inc.
7.500%, 02/15/29(144A)		1,000,000		971,755
SeaWorld Parks and Entertainment., Inc.
8.750%, 05/01/25(144A)		250,000		259,375
Six Flags Theme Parks, Inc.
7.000%, 07/01/25(144A)		250,000		260,937
				1,492,067
Environmental Control—0.1%
GFL Environmental, Inc.
4.250%, 06/01/25(144A)		625,000		621,063
Food—0.1%
Del Monte Foods, Inc.
11.875%, 05/15/25(144A)		975,000		1,068,844
Machinery-Diversified—0.1%
Clark Equipment Co.
5.875%, 06/01/25(144A)		125,000		126,250
TK Elevator U.S. Newco, Inc.
5.250%, 07/15/27(144A)		500,000		494,515
				620,765
Media—0.2%
Diamond Sports Group LLC / Diamond Sports Finance Co.
5.375%, 08/15/26(144A)		550,000		213,125
iHeartCommunications, Inc.
4.750%, 01/15/28(144A)		250,000		238,750
5.250%, 08/15/27(144A)		200,000		197,750
6.375%, 05/01/26		105,163		108,055
8.375%, 05/01/27		190,609		197,080
Virgin Media Secured Finance plc
4.500%, 08/15/30(144A)		800,000		746,000
				1,700,760
Oil & Gas—0.2%
CITGO Petroleum Corp.
7.000%, 06/15/25(144A)		1,275,000		1,282,969
Pharmaceuticals—0.1%
Endo Luxembourg Finance Co. I S.a.r.l.
6.125%, 04/01/29(144A)		500,000		456,250
Real Estate—0.1%
Cushman and Wakefield U.S. Borrower LLC
6.750%, 05/15/28(144A)		375,000		391,875
Software—0.1%
Boxer Parent Co., Inc.
7.125%, 10/02/25(144A)		500,000		518,270
Telecommunications—0.5%
Altice France S.A.
5.500%, 01/15/28(144A)		475,000		440,183
CommScope, Inc.
6.000%, 03/01/26(144A)		2,000,000		2,023,180
Lumen Technologies, Inc.
4.000%, 02/15/27(144A)		1,500,000		1,397,002
				3,860,365
Total Corporate Bonds & Notes (Cost $25,026,625)				24,580,972
Common Stocks—0.6%
Commercial Services—0.0%
IAP Worldwide Services LLC (e) (f) (g) (h)		44		206,077

BHFTI-115

Brighthouse Funds Trust I

Brighthouse/Eaton Vance Floating Rate Portfolio

Schedule of Investments as of March 31, 2022 (Unaudited)

Common Stocks—(Continued)

Security Description	Shares		Value
Diversified Consumer Services—0.0%
RDV Resources, Inc. - Class A (g) (h)		21,140	$	42,280
Electric Utilities—0.1%
Longview Intermediate Holdings Co. LLC (g) (h)		39,089		390,890
Energy Equipment & Services—0.0%
McDermott International, Inc. (g) (h)		117,431		77,504
Health Care Equipment & Supplies—0.1%
Akorn Holding Co. LLC (g) (h)		56,220		449,760
Household Products—0.0%
LG Parent Holding Co. (g) (h)		9,472		113,664
Leisure Products—0.0%
Cineworld Group plc (g) (h)		121,458		26,326
Media—0.1%
Clear Channel Outdoor Holdings, Inc. (g) (h)		43,727		151,296
Cumulus Media, Inc. - Class A (g) (h)		40,548		403,453
Global Eagle Entertainment (e) (f) (g) (h)		17,940		359,338
iHeartMedia, Inc. - Class A (g) (h)		18,596		352,022
				1,266,109
Metals & Mining—0.0%
ACNR Holdings, Inc. (g)		3,147		204,555
AFG Holdings, Inc. (e) (f) (g) (h)		24,746		151,198
				355,753
Oil, Gas & Consumable Fuels—0.2%
QuarterNorth Energy, Inc. (g) (h)		9,913		1,288,690
Professional Services—0.1%
Skillsoft Corp. (g) (h)		66,881		403,961
Specialty Retail—0.0%
David’s Bridal, Inc. (e) (f) (g) (h)		18,015		0
Philips Pet Holding Corp. (e) (f) (g) (h)		62		22,484
				22,484
Total Common Stocks (Cost $5,561,692)				4,643,498
Preferred Stocks—0.1%
Household Products—0.0%
LG Parent Holding Co.		1,428		180,580
Metals & Mining—0.1%
ACNR Holdings, Inc.		1,486		572,110
Specialty Retail—0.0%
David’s Bridal, Inc.
Series A (e) (f) (g) (h)		501		0
Series B (e) (f) (g) (h)		2,042		0
Specialty Retail—(Continued)
DBI Investors, Inc. Series A (e) (f) (g) (h)		852		0
				0
Total Preferred Stocks (Cost $240,265)				752,690
Warrants—0.0%
Specialty Retail—0.0%
David’s Bridal, Inc. (e) (f) (g) (h) (Cost $0)		3,478		0
Short-Term Investment—2.3%
Repurchase Agreement—2.3%
Fixed Income Clearing Corp. Repurchase Agreement dated 03/31/22 at 0.000%, due on 04/01/22 with a maturity value of $17,528,488; collateralized by U.S. Treasury Note at 0.125%, maturing 10/15/24, with a market value of $17,879,134.		17,528,488		17,528,488
Total Short-Term Investments (Cost $17,528,488)				17,528,488
Total Investments—101.1% (Cost $781,377,906)				767,233,603
Unfunded Loan Commitments—(0.1)% (Cost $(665,080))				(665,080	)
Net Investments—101.0% (Cost $780,712,826)				766,568,523
Other assets and liabilities (net)—(1.0)%				(7,632,143	)
Net Assets—100.0%			$	758,936,380

*	Principal amount stated in U.S. dollars unless otherwise noted.
(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)	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.
(c)	This loan will settle after March 31, 2022, at which time the interest rate will be determined.
(d)	Non-income producing; security is in default and/or issuer is in bankruptcy.
(e)	Security was valued in good faith under procedures approved by the Board of Trustees. As of March 31, 2022, these securities represent 0.2% of net assets.
(f)	Significant unobservable inputs were used in the valuation of this portfolio security; i.e. Level 3.
(g)	Non-income producing security.
(h)	Security was acquired in connection with a restructuring of a senior loan and may be subject to restrictions on resale.
(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 March 31, 2022, the market value of 144A securities was $24,275,837, which is 3.2% of net assets.

BHFTI-116

Brighthouse Funds Trust I

Brighthouse/Eaton Vance Floating Rate Portfolio

Schedule of Investments as of March 31, 2022 (Unaudited)

Glossary of Abbreviations

Index Abbreviations

(LIBOR)—	London Interbank Offered Rate
(TSFR)—	Term Secured Financing 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 March 31, 2022:

Description	Level 1		Level 2		Level 3		Total
Floating Rate Loans
Advertising	$	—	$	1,444,447	$	—	$	1,444,447
Aerospace/Defense		—		13,303,620		—		13,303,620
Agriculture		—		517,141		—		517,141
Airlines		—		3,737,095		—		3,737,095
Auto Manufacturers		—		1,487,861		—		1,487,861
Auto Parts & Equipment		—		17,384,728		—		17,384,728
Banks		—		1,192,511		—		1,192,511
Beverages		—		2,900,148		—		2,900,148
Building Materials (Less Unfunded Loan Commitments of $158,571)		—		15,606,764		—		15,606,764
Chemicals		—		26,426,546		—		26,426,546
Coal		—		609,803		—		609,803
Commercial Services		—		61,179,706		—		61,179,706
Computers		—		23,838,406		—		23,838,406
Cosmetics/Personal Care		—		4,507,818		—		4,507,818
Distribution/Wholesale		—		2,522,936		—		2,522,936
Diversified Financial Services		—		33,263,758		—		33,263,758
Electric		—		5,535,522		—		5,535,522
Electrical Components & Equipment		—		2,041,855		—		2,041,855
Electronics		—		2,019,954		—		2,019,954
Engineering & Construction		—		6,370,316		—		6,370,316
Entertainment		—		14,719,128		—		14,719,128
Environmental Control		—		10,743,014		—		10,743,014
Food		—		11,149,626		—		11,149,626
Food Service		—		1,719,486		—		1,719,486
Forest Products & Paper		—		1,498,899		—		1,498,899
Gas		—		899,000		—		899,000
Hand/Machine Tools		—		2,652,679		—		2,652,679
Healthcare-Products		—		8,168,327		—		8,168,327
Healthcare-Services (Less Unfunded Loan Commitments of $78,947)		—		27,645,782		—		27,645,782
Holding Companies-Diversified		—		1,525,749		—		1,525,749
Home Builders		—		872,023		—		872,023
Home Furnishings		—		3,062,879		—		3,062,879

BHFTI-117

Brighthouse Funds Trust I

Brighthouse/Eaton Vance Floating Rate Portfolio

Schedule of Investments as of March 31, 2022 (Unaudited)

Fair Value Hierarchy—(Continued)

Description	Level 1		Level 2		Level 3		Total
Household Products/Wares	$	—	$	1,513,821	$	—	$	1,513,821
Housewares		—		541,919		—		541,919
Insurance		—		26,799,524		—		26,799,524
Internet		—		24,461,372		—		24,461,372
Investment Companies		—		3,639,538		—		3,639,538
Iron/Steel		—		1,478,005		—		1,478,005
Leisure Time		—		15,169,534		—		15,169,534
Lodging		—		6,786,101		—		6,786,101
Machinery-Construction & Mining		—		3,907,844		—		3,907,844
Machinery-Diversified		—		15,360,912		—		15,360,912
Media		—		42,275,849		—		42,275,849
Metal Fabricate/Hardware (Less Unfunded Loan Commitments of $10,474)		—		8,234,994		—		8,234,994
Miscellaneous Manufacturing		—		10,867,951		—		10,867,951
Oil & Gas		—		4,228,055		—		4,228,055
Oil & Gas Services		—		318,293		—		318,293
Packaging & Containers (Less Unfunded Loan Commitments of $39,280)		—		20,398,488		—		20,398,488
Pharmaceuticals		—		34,022,100		—		34,022,100
Pipelines		—		4,486,195		—		4,486,195
Real Estate		—		4,032,307		—		4,032,307
Real Estate Investment Trusts		—		1,599,126		—		1,599,126
Retail (Less Unfunded Loan Commitments of $260,000)		—		26,326,448		1,064,820		27,391,268
Semiconductors		—		4,959,254		—		4,959,254
Software (Less Unfunded Loan Commitments of $117,808)		—		114,694,397		—		114,694,397
Telecommunications		—		28,067,353		—		28,067,353
Transportation		—		3,281,148		—		3,281,148
Total Floating Rate Loans (Less Unfunded Loan Commitments of $665,080)		—		717,998,055		1,064,820		719,062,875
Total Corporate Bonds & Notes*		—		24,580,972		—		24,580,972
Common Stocks
Commercial Services		—		—		206,077		206,077
Diversified Consumer Services		—		42,280		—		42,280
Electric Utilities		—		390,890		—		390,890
Energy Equipment & Services		77,504		—		—		77,504
Health Care Equipment & Supplies		—		449,760		—		449,760
Household Products		—		113,664		—		113,664
Leisure Products		26,326		—		—		26,326
Media		906,771		—		359,338		1,266,109
Metals & Mining		—		204,555		151,198		355,753
Oil, Gas & Consumable Fuels		—		1,288,690		—		1,288,690
Professional Services		403,961		—		—		403,961
Specialty Retail		—		—		22,484		22,484
Total Common Stocks		1,414,562		2,489,839		739,097		4,643,498
Preferred Stocks
Household Products		180,580		—		—		180,580
Metals & Mining		572,110		—		—		572,110
Specialty Retail		—		—		0		0
Total Preferred Stocks		752,690		—		0		752,690
Total Warrants*		—		—		0		0
Total Short-Term Investment*		—		17,528,488		—		17,528,488
Total Net Investments	$	2,167,252	$	762,597,354	$	1,803,917	$	766,568,523

* 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 March 31, 2022 is not presented.

During the period ended March 31, 2022, a transfer out of Level 3 in the amount of $311,148 was due to the initiation of trading activity which resulted in the availability of significant observable inputs. During the period ended March 31, 2022, a transfer into Level 3 in the amount of $566,375 were 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-118

Brighthouse Funds Trust I

Brighthouse/Franklin Low Duration Total Return Portfolio

Schedule of Investments as of March 31, 2022 (Unaudited)

U.S. Treasury & Government Agencies—46.0% of Net Assets

Security Description	Principal Amount*		Value
Agency Sponsored Mortgage-Backed—6.1%
Fannie Mae 15 Yr. Pool
4.500%, 09/01/24		88,656	$	90,964
4.500%, 03/01/25		247,833		254,733
Fannie Mae ARM Pool
0.970%, 6M LIBOR + 0.845%, 11/01/33 (a)		450		451
1.304%, 6M LIBOR + 1.063%, 11/01/33 (a)		2,815		2,819
1.521%, 6M LIBOR + 1.230%, 03/01/28 (a)		2,214		2,219
1.591%, 6M LIBOR + 1.434%, 12/01/32 (a)		157,945		158,412
1.625%, 12M LIBOR + 1.375%, 07/01/33 (a)		11,590		11,611
1.643%, 6M LIBOR + 1.430%, 02/01/36 (a)		20,463		21,094
1.665%, 6M LIBOR + 1.415%, 06/01/32 (a)		7,400		7,408
1.718%, 6M LIBOR + 1.401%, 03/01/35 (a)		11,735		12,054
1.737%, 6M LIBOR + 1.544%, 12/01/34 (a)		22,729		23,511
1.752%, 12M LIBOR + 1.502%, 07/01/33 (a)		26,688		26,782
1.787%, 6M LIBOR + 1.413%, 11/01/34 (a)		3,772		3,789
1.795%, 12M LIBOR + 1.420%, 03/01/36 (a)		4,611		4,607
1.800%, 1Y H15 + 1.675%, 11/01/32 (a)		7,955		7,954
1.800%, 12M LIBOR + 1.550%, 02/01/44 (a)		26,565		26,549
1.810%, 6M LIBOR + 1.620%, 11/01/32 (a)		19,062		19,070
1.879%, 6M LIBOR + 1.585%, 03/01/36 (a)		48,950		50,704
1.884%, 12M LIBOR + 1.613%, 01/01/36 (a)		23,287		24,016
1.887%, 12M LIBOR + 1.637%, 05/01/33 (a)		6,228		6,232
1.895%, 12M LIBOR + 1.645%, 09/01/39 (a)		1,841		1,842
1.902%, 6M LIBOR + 1.777%, 06/01/28 (a)		960		964
1.905%, 12M LIBOR + 1.655%, 08/01/34 (a)		871		870
1.906%, 6M LIBOR + 1.669%, 03/01/37 (a)		2,230		2,317
1.908%, 12M LIBOR + 1.658%, 11/01/36 (a)		284		290
1.929%, 6M LIBOR + 1.663%, 04/01/36 (a)		15,072		15,676
1.948%, 12M LIBOR + 1.698%, 10/01/33 (a)		25,688		25,726
1.960%, 12M LIBOR + 1.585%, 02/01/36 (a)		9,930		9,975
1.967%, 6M LIBOR + 1.570%, 11/01/35 (a)		29,380		30,377
1.970%, 12M LIBOR + 1.720%, 08/01/35 (a)		23,988		24,056
1.971%, 12M LIBOR + 1.721%, 08/01/37 (a)		4,738		4,929
1.998%, 12M LIBOR + 1.625%, 03/01/33 (a)		20,591		20,570
2.000%, 12M LIBOR + 1.750%, 04/01/34 (a)		30,559		30,679
2.014%, 12M LIBOR + 1.764%, 10/01/36 (a)		1,452		1,508
2.014%, 12M LIBOR + 1.667%, 11/01/36 (a)		672,664		699,568
2.018%, 1Y H15 + 1.928%, 08/01/29 (a)		706		705
2.028%, 12M LIBOR + 1.778%, 12/01/35 (a)		108,647		108,599
2.030%, 12M LIBOR + 1.530%, 02/01/33 (a)		28,288		28,249
2.032%, 12M LIBOR + 1.690%, 11/01/35 (a)		5,694		5,711
2.038%, 6M LIBOR + 1.538%, 09/01/35 (a)		4,544		4,571
2.065%, 12M LIBOR + 1.844%, 09/01/37 (a)		682		690
2.088%, 1Y H15 + 2.010%, 06/01/25 (a)		14,778		14,777
2.123%, 1Y H15 + 1.998%, 10/01/32 (a)		9,681		9,678
2.135%, 1Y H15 + 1.877%, 02/01/25 (a)		17,174		17,165
2.149%, 1Y H15 + 2.149%, 08/01/33 (a)		39,119		39,184
2.150%, 12M LIBOR + 1.715%, 09/01/35 (a)		957,636		994,212
2.171%, 12M LIBOR + 1.905%, 11/01/35 (a)		282,311		295,494
2.175%, 1Y H15 + 2.089%, 07/01/33 (a)		15,413		15,412
2.185%, 12M LIBOR + 1.810%, 04/01/35 (a)		161,243		166,760
2.208%, 12M LIBOR + 1.833%, 08/01/32 (a)		31,453		31,474
2.215%, 12M LIBOR + 1.840%, 03/01/36 (a)		14,846		14,858
2.223%, 1Y H15 + 2.223%, 07/01/35 (a)		7,078		7,292
2.267%, 1Y H15 + 2.169%, 11/01/35 (a)		927,037		970,537
2.277%, 1Y H15 + 2.152%, 12/01/33 (a)		37,139		37,178
Agency Sponsored Mortgage-Backed—(Continued)
Fannie Mae ARM Pool
2.280%, 1Y H15 + 2.280%, 07/01/32 (a)		2,043		2,044
2.290%, 1Y H15 + 2.290%, 08/01/32 (a)		6,060		6,061
2.300%, 1Y H15 + 2.300%, 09/01/32 (a)		2,059		2,059
2.323%, 12M LIBOR + 1.815%, 03/01/36 (a)		9,339		9,340
2.327%, 1Y H15 + 2.229%, 03/01/38 (a)		6,415		6,439
2.331%, 1Y H15 + 2.226%, 04/01/27 (a)		397		397
2.346%, 1Y H15 + 2.235%, 09/01/36 (a)		316		317
2.355%, 1Y H15 + 2.105%, 07/01/25 (a)		80		80
2.366%, 1Y H15 + 2.221%, 09/01/33 (a)		2,248		2,251
2.375%, 6M LIBOR + 2.250%, 10/01/33 (a)		17,140		17,240
2.386%, 1Y H15 + 2.294%, 01/01/32 (a)		1,264		1,285
2.395%, 1Y H15 + 2.270%, 01/01/32 (a)		6,122		6,116
2.410%, 1Y H15 + 2.285%, 02/01/35 (a)		28,194		28,202
2.423%, 1Y H15 + 2.360%, 11/01/34 (a)		1,013,397		1,059,782
2.481%, 1Y H15 + 2.157%, 03/01/30 (a)		313		312
2.481%, 6M LIBOR + 2.106%, 09/01/33 (a)		20,128		20,158
2.513%, 1Y H15 + 2.422%, 09/01/33 (a)		624		625
2.525%, 6M LIBOR + 2.275%, 08/01/32 (a)		21,505		21,517
2.525%, 1Y H15 + 2.275%, 06/01/35 (a)		38,090		38,102
2.549%, 1Y H15 + 2.270%, 08/01/30 (a)		9,961		9,986
2.560%, 12M LIBOR + 1.810%, 04/01/40 (a)		674		673
2.566%, 1Y H15 + 2.419%, 04/01/36 (a)		1,758		1,763
2.621%, 1Y H15 + 2.536%, 07/01/28 (a)		1,418		1,420
2.663%, 1Y H15 + 2.163%, 07/01/33 (a)		19,168		19,183
2.671%, 1Y H15 + 2.270%, 01/01/29 (a)		7,231		7,225
Fannie Mae Connecticut Avenue Securities (CMO) 3.057%, 1M LIBOR + 2.600%, 05/25/24 (a)		1,919,672		1,922,068
3.357%, 1M LIBOR + 2.900%, 07/25/24 (a)		855,655		855,653
3.457%, 1M LIBOR + 3.000%, 07/25/24 (a)		1,995,431		2,005,424
4.457%, 1M LIBOR + 4.000%, 05/25/25 (a)		1,179,607		1,179,607
4.707%, 1M LIBOR + 4.250%, 04/25/29 (a)		762,262		795,648
4.757%, 1M LIBOR + 4.300%, 02/25/25 (a)		1,192,819		1,201,738
4.807%, 1M LIBOR + 4.350%, 05/25/29 (a)		2,037,159		2,122,567
4.907%, 1M LIBOR + 4.450%, 01/25/29 (a)		1,340,010		1,391,361
5.357%, 1M LIBOR + 4.900%, 11/25/24 (a)		1,611,114		1,658,697
5.457%, 1M LIBOR + 5.000%, 11/25/24 (a)		290,670		293,639
5.457%, 1M LIBOR + 5.000%, 07/25/25 (a)		1,057,576		1,074,913
5.707%, 1M LIBOR + 5.250%, 10/25/23 (a)		1,232,410		1,270,475
7.407%, 1M LIBOR + 6.950%, 08/25/28 (a)		1,445,433		1,534,699
Freddie Mac REMICS (CMO) 3.500%, 03/15/43		22,141		22,233
Freddie Mac Structured Agency Credit Risk Debt Notes (CMO) 4.057%, 1M LIBOR + 3.600%, 04/25/24 (a)		698,661		702,374
4.207%, 1M LIBOR + 3.750%, 09/25/24 (a)		2,364,817		2,418,211
4.457%, 1M LIBOR + 4.000%, 08/25/24 (a)		78,042		79,213
4.557%, 1M LIBOR + 4.100%, 08/25/24 (a)		137,809		137,808
5.007%, 1M LIBOR + 4.550%, 10/25/24 (a)		1,198,591		1,220,098
5.107%, 1M LIBOR + 4.650%, 10/25/28 (a)		2,144,183		2,225,406
5.607%, 1M LIBOR + 5.150%, 11/25/28 (a)		1,557,026		1,643,781
6.007%, 1M LIBOR + 5.550%, 07/25/28 (a)		3,637,509		3,874,240
Uniform Mortgage-Backed Securities 15 Yr. Pool 2.000%, TBA (b)		21,631,000		21,008,264
				56,287,566

BHFTI-119

Brighthouse Funds Trust I

Brighthouse/Franklin Low Duration Total Return Portfolio

Schedule of Investments as of March 31, 2022 (Unaudited)

U.S. Treasury & Government Agencies—(Continued)

Security Description	Principal Amount*		Value
U.S. Treasury—39.9%
U.S. Treasury Inflation Indexed Notes 0.625%, 01/15/26 (c)		8,635,243	$	9,205,810
U.S. Treasury Notes
1.125%, 01/15/25 (d)		44,000,000		42,367,187
1.375%, 06/30/23		30,000,000		29,784,375
1.625%, 04/30/23		32,000,000		31,942,500
1.625%, 05/31/23		18,000,000		17,942,344
1.750%, 05/15/22		10,000,000		10,017,716
2.500%, 08/15/23		45,000,000		45,258,399
2.750%, 05/31/23		18,000,000		18,174,375
2.750%, 08/31/23		20,000,000		20,183,594
2.750%, 11/15/23 (d)		29,000,000		29,242,422
2.875%, 10/31/23		38,000,000		38,405,234
2.875%, 11/30/23 (d)		32,000,000		32,335,000
2.875%, 07/31/25		42,500,000		42,964,844
				367,823,800
Total U.S. Treasury & Government Agencies (Cost $442,931,686)				424,111,366
Corporate Bonds & Notes—24.0%
Aerospace/Defense—0.7%
Boeing Co. (The) 2.196%, 02/04/26		2,600,000		2,458,083
General Dynamics Corp. 3.250%, 04/01/25 (d)		3,300,000		3,335,402
TransDigm, Inc. 6.250%, 03/15/26 (144A)		900,000		923,976
				6,717,461
Agriculture—0.3%
Altria Group, Inc. 2.350%, 05/06/25 (d)		2,200,000		2,136,763
Imperial Brands Finance plc 3.125%, 07/26/24 (144A)		300,000		297,207
				2,433,970
Airlines—1.0%
American Airlines, Inc./AAdvantage Loyalty IP, Ltd. 5.500%, 04/20/26 (144A) (d)		1,500,000		1,511,250
Delta Air Lines, Inc. / SkyMiles IP, Ltd. 4.500%, 10/20/25 (144A)		4,700,000		4,727,305
Hawaiian Brand Intellectual Property Ltd. / HawaiianMiles Loyalty, Ltd. 5.750%, 01/20/26 (144A)		800,000		800,456
International Consolidated Airlines Group S.A. 1.500%, 07/04/27 (EUR)		2,000,000		1,848,543
United Airlines Pass-Through Trust 4.875%, 01/15/26		172,800		170,544
United Airlines, Inc. 4.375%, 04/15/26 (144A)		100,000		98,368
				9,156,466
Banks—6.7%
Bank of America Corp.
3.004%, 3M LIBOR + 0.790%, 12/20/23 (a)		2,155,000		2,160,441
3.384%, SOFR + 1.330%, 04/02/26 (a)		2,800,000		2,796,230
3.550%, 3M LIBOR + 0.780%, 03/05/24 (a)		3,700,000		3,721,124
Bank of Nova Scotia (The)
2.951%, 03/11/27 (d)		2,300,000		2,257,627
BNP Paribas S.A. 2.219%, SOFR + 2.074%, 06/09/26 (144A) (a)		700,000		665,634
BPCE S.A. 2.375%, 01/14/25 (144A) (d)		3,000,000		2,889,926
Citigroup, Inc.
3.290%, SOFR + 1.528%, 03/17/26 (a)		1,900,000		1,893,589
4.600%, 03/09/26		4,000,000		4,147,722
Credit Suisse Group AG 4.550%, 04/17/26		4,000,000		4,069,102
Dexia Credit Local S.A. 2.375%, 09/20/22 (144A)		2,000,000		2,008,913
Goldman Sachs Group, Inc. (The) 2.640%, SOFR + 1.114%, 02/24/28 (a)		2,000,000		1,912,254
3.750%, 02/25/26 (d)		2,000,000		2,031,543
4.250%, 10/21/25 (d)		3,000,000		3,072,731
HSBC Holdings plc 1.645%, SOFR + 1.538%, 04/18/26 (a) (d)		1,500,000		1,411,441
2.013%, SOFR + 1.732%, 09/22/28 (a) (d)		2,300,000		2,085,503
JPMorgan Chase & Co. 2.083%, SOFR + 1.850%, 04/22/26 (a)		5,400,000		5,211,030
3.875%, 09/10/24 (d)		2,500,000		2,553,649
Morgan Stanley 2.188%, SOFR + 1.990%, 04/28/26 (a) (d)		2,900,000		2,801,309
4.350%, 09/08/26		2,200,000		2,265,947
Shinhan Bank Co., Ltd. 1.375%, 10/21/26 (144A)		2,500,000		2,323,975
Societe Generale S.A. 1.792%, 1Y H15 + 1.000%, 06/09/27 (144A) (a)		1,500,000		1,351,605
UniCredit S.p.A. 1.982%, 1Y H15 + 1.200%, 06/03/27 (144A) (a)		1,300,000		1,171,796
Wells Fargo & Co. 2.188%, SOFR + 2.000%, 04/30/26 (a) (d)		2,500,000		2,411,608
4.100%, 06/03/26		3,000,000		3,075,338
Woori Bank 4.750%, 04/30/24 (144A)		1,200,000		1,232,685
				61,522,722
Beverages—0.3%
Anheuser-Busch Cos. LLC / Anheuser-Busch InBev Worldwide, Inc. 3.650%, 02/01/26 (d)		1,400,000		1,430,817
Coca-Cola Europacific Partners plc 1.500%, 01/15/27 (144A)		1,600,000		1,459,769
				2,890,586
Biotechnology—0.0%
Bio-Rad Laboratories, Inc. 3.300%, 03/15/27 (d)		300,000		295,170

BHFTI-120

Brighthouse Funds Trust I

Brighthouse/Franklin Low Duration Total Return Portfolio

Schedule of Investments as of March 31, 2022 (Unaudited)

Corporate Bonds & Notes—(Continued)

Security Description	Principal Amount*		Value
Chemicals—0.5%
Braskem Netherlands Finance B.V. 4.500%, 01/31/30 (144A)		2,300,000	$	2,225,917
SASOL Financing USA LLC 6.500%, 09/27/28		2,300,000		2,334,960
				4,560,877
Commercial Services—0.1%
APCOA Parking Holdings GmbH 4.625%, 01/15/27 (144A) (EUR)		400,000		414,897
Grand Canyon University 4.125%, 10/01/24 (d)		600,000		592,500
				1,007,397
Cosmetics/Personal Care—0.4%
Avon Products, Inc. 6.500%, 03/15/23 (d)		1,900,000		1,916,758
GSK Consumer Healthcare Capital U.S. LLC 3.375%, 03/24/27 (144A)		1,400,000		1,399,982
Oriflame Investment Holding plc 5.125%, 05/04/26 (144A) (d)		700,000		560,000
				3,876,740
Diversified Financial Services—0.1%
AerCap Ireland Capital DAC / AerCap Global Aviation Trust 3.000%, 10/29/28 (d)		1,000,000		922,187
Electric—2.1%
Berkshire Hathaway Energy Co. 4.050%, 04/15/25 (d)		1,700,000		1,752,360
Comision Federal de Electricidad 4.750%, 02/23/27 (144A)		2,300,000		2,351,750
Dominion Energy, Inc. 1.450%, 04/15/26 (d)		2,000,000		1,859,587
Exelon Corp. 3.400%, 04/15/26 (d)		2,000,000		2,006,806
4.050%, 04/15/30 (d)		2,400,000		2,477,364
InterGen NV 7.000%, 06/30/23 (144A)		1,500,000		1,466,250
Korea East-West Power Co., Ltd. 1.750%, 05/06/25 (144A)		2,500,000		2,394,850
3.875%, 07/19/23 (144A)		1,300,000		1,318,382
Southern Co. (The) 3.250%, 07/01/26 (d)		3,000,000		3,000,282
Talen Energy Supply LLC 10.500%, 01/15/26 (144A)		900,000		223,524
				18,851,155
Electronics—0.1%
Flex, Ltd. 3.750%, 02/01/26 (d)		1,300,000		1,299,841
Entertainment—0.1%
Magallanes, Inc. 3.428%, 03/15/24 (144A) (d)		900,000		904,934
Food—0.1%
Cencosud S.A. 4.375%, 07/17/27 (144A)		1,000,000		1,016,250
Healthcare-Services—0.6%
Anthem, Inc. 1.500%, 03/15/26 (d)		3,000,000		2,826,072
Centene Corp. 3.375%, 02/15/30		1,000,000		940,935
Quest Diagnostics, Inc. 3.450%, 06/01/26 (d)		2,100,000		2,118,544
				5,885,551
Insurance—0.3%
Protective Life Global Funding 3.218%, 03/28/25 (144A)		1,500,000		1,497,475
Radian Group, Inc. 6.625%, 03/15/25 (d)		500,000		525,955
Willis North America, Inc. 2.950%, 09/15/29		400,000		375,630
				2,399,060
Internet—1.4%
Alibaba Group Holding, Ltd. 3.600%, 11/28/24 (d)		4,000,000		4,016,013
Amazon.com, Inc. 2.400%, 02/22/23 (d)		1,700,000		1,710,842
Baidu, Inc. 4.375%, 05/14/24		200,000		203,556
Netflix, Inc. 3.625%, 06/15/25 (144A) (d)		800,000		804,328
4.375%, 11/15/26 (d)		700,000		727,954
5.750%, 03/01/24 (d)		1,200,000		1,259,934
Tencent Holdings, Ltd. 1.810%, 01/26/26 (144A) (d)		900,000		833,466
2.985%, 01/19/23 (144A)		3,300,000		3,298,118
				12,854,211
Leisure Time—0.4%
NCL Corp., Ltd. 5.875%, 03/15/26 (144A) (d)		2,000,000		1,900,320
Royal Caribbean Cruises, Ltd. 5.500%, 08/31/26 (144A) (d)		2,085,000		2,026,203
				3,926,523
Lodging—0.6%
Genting New York LLC / GENNY Capital, Inc. 3.300%, 02/15/26 (144A) (d)		900,000		851,253
Melco Resorts Finance, Ltd. 4.875%, 06/06/25 (144A)		1,000,000		916,250
Sands China, Ltd. 2.550%, 03/08/27 (144A)		1,200,000		1,042,200
Studio City Finance, Ltd. 6.000%, 07/15/25 (144A) (d)		2,000,000		1,830,000

BHFTI-121

Brighthouse Funds Trust I

Brighthouse/Franklin Low Duration Total Return Portfolio

Schedule of Investments as of March 31, 2022 (Unaudited)

Corporate Bonds & Notes—(Continued)

Security Description	Principal Amount*		Value
Lodging—(Continued)
Wynn Macau, Ltd. 5.625%, 08/26/28 (144A)		1,200,000	$	1,042,512
				5,682,215
Machinery-Construction & Mining—0.1%
Manitowoc Co., Inc. (The) 9.000%, 04/01/26 (144A)		700,000		729,883
Media—1.4%
CCO Holdings LLC / CCO Holdings Capital Corp. 4.000%, 03/01/23 (144A) (d)		800,000		799,660
Charter Communications Operating LLC / Charter Communications Operating Capital Corp. 4.908%, 07/23/25		3,000,000		3,111,034
Diamond Sports Group LLC / Diamond Sports Finance Co. 5.375%, 08/15/26 (144A)		1,000,000		387,500
DISH DBS Corp. 5.250%, 12/01/26 (144A) (d)		1,300,000		1,238,250
Fox Corp. 3.050%, 04/07/25 (d)		1,700,000		1,699,115
Sirius XM Radio, Inc. 3.125%, 09/01/26 (144A) (d)		400,000		378,189
TWDC Enterprises 18 Corp. 3.150%, 09/17/25		3,000,000		3,013,039
Univision Communications, Inc. 5.125%, 02/15/25 (144A) (d)		900,000		900,756
Walt Disney Co. (The) 1.750%, 01/13/26 (d)		1,300,000		1,245,187
				12,772,730
Mining—0.0%
Novelis Corp. 3.250%, 11/15/26 (144A) (d)		300,000		286,584
Miscellaneous Manufacturing—0.0%
Anagram International, Inc. / Anagram Holdings LLC 10.000%, 08/15/26 PIK, (144A) (e)		117,043		121,725
Multi-National—0.2%
Banque Ouest Africaine de Developpement 5.000%, 07/27/27 (144A)		1,300,000		1,308,866
Oil & Gas—2.1%
BP Capital Markets America, Inc.
3.410%, 02/11/26 (d)		2,000,000		2,022,276
3.796%, 09/21/25 (d)		3,200,000		3,297,015
Continental Resources, Inc. 4.375%, 01/15/28		2,500,000		2,534,500
Ecopetrol S.A. 5.375%, 06/26/26		2,300,000		2,327,462
Equinor ASA 1.750%, 01/22/26 (d)		1,300,000		1,244,794
2.875%, 04/06/25 (d)		4,700,000		4,700,442
Harbour Energy plc 5.500%, 10/15/26 (144A)		500,000		493,750
Oil & Gas—(Continued)
Harvest Operations Corp. 4.200%, 06/01/23 (144A)		800,000		813,070
Mesquite Energy, Inc. 7.750%, 06/15/21		1,200,000		12,000
Occidental Petroleum Corp. 8.500%, 07/15/27		800,000		946,975
Petroleos Mexicanos 6.875%, 10/16/25		350,000		366,940
Valero Energy Corp. 2.850%, 04/15/25 (d)		734,000		725,217
				19,484,441
Oil & Gas Services—0.0%
Weatherford International, Ltd. 11.000%, 12/01/24 (144A)		27,000		27,945
Packaging & Containers—0.3%
BWAY Holding Co. 7.250%, 04/15/25 (144A) (d)		2,300,000		2,279,553
Owens-Brockway Glass Container, Inc. 5.375%, 01/15/25 (144A) (d)		300,000		298,500
5.875%, 08/15/23 (144A) (d)		465,000		475,060
				3,053,113
Pharmaceuticals—0.8%
AstraZeneca plc 0.700%, 04/08/26 (d)		200,000		182,761
Bayer U.S. Finance LLC 3.875%, 12/15/23 (144A) (d)		3,000,000		3,030,929
Cigna Corp. 1.250%, 03/15/26 (d)		4,000,000		3,734,970
Teva Pharmaceutical Finance Netherlands III B.V. 4.750%, 05/09/27 (d)		800,000		767,960
				7,716,620
Pipelines—1.5%
Cheniere Corpus Christi Holdings LLC 5.875%, 03/31/25		2,500,000		2,638,582
Energy Transfer L.P. 4.050%, 03/15/25		1,800,000		1,825,515
4.200%, 09/15/23 (d)		1,000,000		1,013,176
EnLink Midstream Partners L.P. 4.850%, 07/15/26 (d)		2,400,000		2,400,000
MPLX L.P. 4.875%, 12/01/24 (d)		2,500,000		2,589,154
Sabine Pass Liquefaction LLC 5.625%, 03/01/25		1,700,000		1,797,407
5.750%, 05/15/24		1,000,000		1,046,638
Williams Cos., Inc. (The) 4.000%, 09/15/25 (d)		500,000		508,722
				13,819,194

BHFTI-122

Brighthouse Funds Trust I

Brighthouse/Franklin Low Duration Total Return Portfolio

Schedule of Investments as of March 31, 2022 (Unaudited)

Corporate Bonds & Notes—(Continued)

Security Description	Principal Amount*		Value
Real Estate—0.2%
Country Garden Holdings Co., Ltd. 7.250%, 04/08/26		1,500,000	$	1,155,000
Vivion Investments Sarl 3.000%, 08/08/24 (EUR)		200,000		212,400
				1,367,400
Real Estate Investment Trusts—0.3%
MPT Operating Partnership L.P. / MPT Finance Corp. 5.000%, 10/15/27 (d)		2,500,000		2,542,188
Retail—0.0%
KSouth Africa, Ltd.
3.000%, 12/31/22 PIK, † (144A) (e) (f) (g)		701,661		0
25.000%, 12/31/22 PIK, † (144A) (e) (f) (g)		278,863		0
Party City Holdings, Inc. 5.750%, 6M LIBOR + 5.000%, 07/15/25 (144A) (a) (d)		195,885		176,823
				176,823
Semiconductors—0.3%
SK Hynix, Inc. 1.500%, 01/19/26 (144A)		3,400,000		3,145,236
Software—0.1%
Fiserv, Inc. 2.250%, 06/01/27 (d)		1,000,000		944,438
Telecommunications—0.8%
AT&T, Inc.
2.300%, 06/01/27 (d)		400,000		381,109
4.125%, 02/17/26 (d)		700,000		727,377
CommScope Technologies LLC 6.000%, 06/15/25 (144A) (d)		900,000		852,399
Iliad Holding SASU 6.500%, 10/15/26 (144A) (d)		700,000		701,890
Sprint Spectrum Co. LLC / Sprint Spectrum Co. II LLC / Sprint Spectrum Co. III LLC 4.738%, 03/20/25 (144A)		225,000		229,724
Verizon Communications, Inc. 1.450%, 03/20/26 (d)		4,300,000		4,042,611
				6,935,110
Trucking & Leasing—0.1%
DAE Funding LLC 1.550%, 08/01/24 (144A)		600,000		566,702
Total Corporate Bonds & Notes (Cost $227,935,061)				221,202,314
Asset-Backed Securities—10.4%
Asset-Backed - Credit Card—0.2%
Capital One Multi-Asset Execution Trust 2.290%, 07/15/25		1,970,000		1,978,177
Asset-Backed - Other—10.2%
Adagio CLO VIII DAC 1.650%, 3M EURIBOR + 1.650%, 04/15/32 (144A) (EUR) (a)		400,000		433,017
American Homes 4 Rent Trust 3.467%, 04/17/52 (144A)		2,206,544		2,190,017
Ares Euro CLO B.V. 0.920%, 3M EURIBOR + 0.920%, 04/17/32 (144A) (EUR) (a)		3,200,000		3,502,372
1.600%, 3M EURIBOR + 1.600%, 04/17/32 (144A) (EUR) (a)		500,000		541,499
Armada Euro CLO IV DAC 1.700%, 3M EURIBOR + 1.700%, 07/15/33 (144A) (EUR) (a)		500,000		541,124
Atrium XIII 2.059%, 3M LIBOR + 1.800%, 11/21/30 (144A) (a)		1,000,000		992,216
Bain Capital Credit CLO 1.409%, 3M LIBOR + 1.150%, 04/23/31 (144A) (a)		1,000,000		995,323
BCC Middle Market CLO LLC 2.404%, 3M LIBOR + 2.150%, 10/20/30 (144A) (a)		1,600,000		1,579,573
Blackrock European CLO IX DAC 0.900%, 3M EURIBOR + 0.900%, 12/15/32 (144A) (EUR) (a)		2,600,000		2,849,379
1.550%, 3M EURIBOR + 1.550%, 12/15/32 (144A) (EUR) (a)		800,000		870,051
BlueMountain CLO XXXIV, Ltd.
Zero Coupon, SOFR + 2.400%,, 04/20/35 (144A) (a)		2,590,000		2,590,000
BlueMountain CLO, Ltd. 1.616%, 3M LIBOR + 1.110%, 08/15/31 (144A) (a)		2,467,643		2,462,269
BlueMountain Fuji EUR CLO 1.550%, 3M EURIBOR + 1.550%, 01/15/33 (144A) (EUR) (a)		1,400,000		1,519,909
BlueMountain Fuji U.S. CLO, Ltd. 1.941%, 3M LIBOR + 1.700%, 01/15/30 (144A) (a)		2,000,000		1,977,284
Carlyle Global Market Strategies CLO, Ltd.
Zero Coupon, SOFR + 2.150%,, 04/15/35 (144A) (a)		3,420,000		3,408,960
2.841%, 3M LIBOR + 2.600%, 04/17/31 (144A) (a)		292,000		271,589
Carlyle GMS Finance MM CLO LLC 2.441%, 3M LIBOR + 2.200%, 10/15/31 (144A) (a)		1,000,000		985,243
Carlyle U.S. CLO, Ltd. 2.054%, 3M LIBOR + 1.800%, 01/20/30 (144A) (a)		1,000,000		990,820
Cent CLO 21, Ltd. 3.468%, 3M LIBOR + 3.200%, 07/27/30 (144A) (a)		275,000		268,106
CF Hippolyta LLC 1.690%, 07/15/60 (144A)		1,169,039		1,104,684
Cook Park CLO Ltd. 1.361%, 3M LIBOR + 1.120%, 04/17/30 (144A) (a)		1,500,000		1,486,323
Countrywide Asset-Backed Certificates 1.207%, 1M LIBOR + 0.750%, 03/25/34 (a)		33,109		32,697
Dryden 44 Euro CLO B.V. 0.880%, 3M EURIBOR + 0.880%, 04/15/34 (144A) (EUR) (a)		7,166,000		7,790,575
Dryden 45 Senior Loan Fund 1.641%, 3M LIBOR + 1.400%, 10/15/30 (144A) (a)		3,000,000		2,961,390
Dryden Senior Loan Fund
Zero Coupon, SOFR + 2.350%,, 04/20/35 (144A) (a)		2,640,000		2,631,470

BHFTI-123

Brighthouse Funds Trust I

Brighthouse/Franklin Low Duration Total Return Portfolio

Schedule of Investments as of March 31, 2022 (Unaudited)

Asset-Backed Securities—(Continued)

Security Description	Principal Amount*		Value
Asset-Backed—Other—(Continued)
FirstKey Homes Trust 1.266%, 10/19/37 (144A)		1,425,031	$	1,323,911
Halcyon Loan Advisors Funding, Ltd. 2.054%, 3M LIBOR + 1.800%, 07/21/31 (144A) (a)		1,500,000		1,489,319
Holland Park CLO DAC 0.920%, 3M EURIBOR + 0.920%, 11/14/32 (144A) (EUR) (a)		9,900,000		10,813,715
Home Partners of America Trust 2.649%, 01/17/41 (144A)		525,546		500,130
LCM, Ltd. 2.054%, 3M LIBOR + 1.800%, 01/20/31 (144A) (a)		1,000,000		957,810
Long Point Park CLO, Ltd. 1.941%, 3M LIBOR + 1.700%, 01/17/30 (144A) (a)		1,000,000		972,348
Madison Park Euro Funding VIII DAC 1.700%, 3M EURIBOR + 1.700%, 04/15/32 (144A) (EUR) (a)		900,000		977,491
Madison Park Funding, Ltd. 1.959%, 3M LIBOR + 1.700%, 10/22/30 (144A) (a)		1,000,000		992,735
Neuberger Berman CLO, Ltd. 1.655%, 3M LIBOR + 1.400%, 10/21/30 (144A) (a)		1,700,000		1,688,991
New Economy Assets Phase 1 Sponsor LLC 1.910%, 10/20/61 (144A)		5,010,000		4,671,848
Octagon Investment Partners, Ltd. 1.354%, 3M LIBOR + 1.100%, 01/20/31 (144A) (a)		600,000		594,787
1.709%, 3M LIBOR + 1.450%, 10/24/30 (144A) (a)		2,000,000		1,989,956
2.941%, 3M LIBOR + 2.700%, 04/16/31 (144A) (a)		400,000		378,495
OHA Credit Partners VII, Ltd. 1.550%, 3M LIBOR + 1.070%, 02/20/34 (144A) (a)		6,398,000		6,322,081
RAAC Trust 1.157%, 1M LIBOR + 0.700%, 03/25/34 (a)		80,086		80,641
RR 14, Ltd. 1.361%, 3M LIBOR + 1.120%, 04/15/36 (144A) (a)		8,382,000		8,338,204
Sculptor CLO XXV, Ltd. 1.511%, 3M LIBOR + 1.270%, 01/15/31 (144A) (a)		3,839,000		3,829,525
Voya CLO, Ltd. 1.641%, 3M LIBOR + 1.400%, 10/18/31 (144A) (a)		2,454,544		2,443,395
3.491%, 3M LIBOR + 3.250%, 10/18/31 (144A) (a)		849,057		814,311
				94,155,583
Total Asset-Backed Securities (Cost $97,973,631)				96,133,760
Floating Rate Loans (h)—6.5%
Advertising—0.0%
Clear Channel Outdoor Holdings, Inc.
Term Loan B, 3.799%, 3M LIBOR + 3.500%, 08/21/26		294,710		290,234
Aerospace/Defense—0.2%
AI Convoy (Luxembourg) S.a.r.l.
Term Loan B, 4.500%, 6M LIBOR + 3.500%, 01/18/27		296,155		293,009
Cobham Ultra U.S. Co-Borrower LLC
Term Loan B, 11/16/28 (i)		132,300		131,060
Dynasty Acquisition Co., Inc.
Term Loan B1, 4.506%, 3M LIBOR + 3.500%, 04/06/26		607,922		599,563
Term Loan B2, 4.506%, 3M LIBOR + 3.500%, 04/06/26		326,840		322,346
Aerospace/Defense—(Continued)
Vertex Aerospace Services Corp. 1st Lien Term Loan, 4.750%, 1M LIBOR + 4.000%, 12/06/28		113,475		113,262
				1,459,240
Airlines—0.6%
AAdvantage Loyalty IP, Ltd.
Term Loan, 5.500%, 3M LIBOR + 4.750%, 04/20/28		168,286		170,750
Air Canada
Term Loan B, 4.250%, 3M LIBOR + 3.500%, 08/11/28		2,630,233		2,605,903
Allegiant Travel Co.
Term Loan, 3.469%, 3M LIBOR + 3.000%, 02/05/24		620,867		614,659
Kestrel Bidco, Inc.
Term Loan B, 4.000%, 6M LIBOR + 3.000%, 12/11/26		1,289,449		1,245,124
SkyMiles IP, Ltd.
Term Loan B, 4.750%, 3M LIBOR + 3.750%, 10/20/27		157,270		162,823
United Airlines, Inc.
Term Loan B, 4.500%, 3M LIBOR + 3.750%, 04/21/28		745,915		738,456
				5,537,715
Apparel—0.0%
Champ Acquisition Corp.
Term Loan, 6.506%, 6M LIBOR + 5.500%, 12/19/25		281,438		278,548
Auto Manufacturers—0.1%
American Trailer World Corp.
Term Loan B, 4.500%, TSFR + 3.750%, 03/03/28		724,166		699,423
Auto Parts & Equipment—0.1%
Adient U.S. LLC
Term Loan B, 3.707%, 1M LIBOR + 3.250%, 04/10/28		535,950		528,804
Clarios Global L.P.
USD Term Loan B, 3.707%, 1M LIBOR + 3.250%, 04/30/26		220,305		217,964
DexKo Global, Inc.
Term Loan, 4.717%, 3M LIBOR + 3.750%, 10/04/28		9,433		9,260
Term Loan B, 4.717%, 3M LIBOR + 3.750%, 10/04/28		49,523		48,615
First Brands Group LLC
Term Loan, 6.000%, 3M LIBOR + 5.000%, 03/30/27		321,851		320,483
Truck Hero, Inc.
Term Loan B, 4.000%, 1M LIBOR + 3.250%, 01/31/28		77,734		75,524
				1,200,650
Beverages—0.1%
City Brewing Co. LLC
Term Loan, 4.250%, 3M LIBOR + 3.500%, 04/05/28		110,556		101,711
Triton Water Holdings, Inc.
Term Loan, 4.506%, 3M LIBOR + 3.500%, 03/31/28		959,483		938,194
				1,039,905
Building Materials—0.0%
Quikrete Holdings, Inc.
Term Loan B1, 06/11/28 (i)		150,000		147,552

BHFTI-124

Brighthouse Funds Trust I

Brighthouse/Franklin Low Duration Total Return Portfolio

Schedule of Investments as of March 31, 2022 (Unaudited)

Floating Rate Loans (h)—(Continued)

Security Description	Principal Amount*		Value
Chemicals—0.4%
ASP Unifrax Holdings Inc
Term Loan B, 12/12/25 (i)		660,000	$	640,200
CPC Acquisition Corp.
Term Loan, 4.756%, 3M LIBOR + 3.750%, 12/29/27		281,872		276,234
Cyanco Intermediate Corp.
Term Loan B, 3.957%, 1M LIBOR + 3.500%, 03/16/25		550,916		541,734
Hexion Holdings Corp.
USD Term Loan, 5.000%, TSFR + 4.500%, 03/15/29		296,030		290,294
Illuminate Buyer LLC
Term Loan, 3.957%, 1M LIBOR + 3.500%, 06/30/27		226,497		219,042
INEOS Styrolution U.S. Holding LLC
USD Term Loan B, 3.250%, 1M LIBOR + 2.750%, 01/29/26		553,315		543,747
LSF11 A5 Holdco LLC
Term Loan, 4.000%, TSFR + 3.500%, 10/15/28		26,703		26,347
PMHC II, Inc.
Term Loan B, 02/01/29 (i)		184,191		175,949
SCIH Salt Holdings, Inc.
Incremental Term Loan B, 4.750%, 6M LIBOR + 4.000%, 03/16/27		543,659		535,912
Sparta U.S. HoldCo LLC
Term Loan, 4.250%, 1M LIBOR + 3.500%, 08/02/28		128,653		128,171
				3,377,630
Commercial Services—0.3%
Allied Universal Holdco LLC
USD Incremental Term Loan B, 4.250%, 1M LIBOR + 3.750%, 05/12/28		268,825		265,352
Amentum Government Services Holdings LLC
Term Loan, 4.777%, TSFR + 4.000%, 02/15/29		323,609		321,856
APX Group, Inc.
Term Loan B, 6.000%, 1M LIBOR + 3.500%, 07/10/28		82,624		81,677
Avis Budget Car Rental LLC
Term Loan B, 2.210%, 1M LIBOR + 1.750%, 08/06/27		751,076		731,595
CCRR Parent, Inc
Term Loan B, 4.756%, 3M LIBOR + 3.750%, 03/06/28		49,040		49,270
CHG Healthcare Services, Inc.
Term Loan, 5.000%, 3M LIBOR + 3.500%, 09/29/28		57,730		57,321
KUEHG Corp.
Incremental Term Loan, 4.756%, 3M LIBOR + 3.750%, 02/21/25		592,308		585,274
MPH Acquisition Holdings LLC
Term Loan B, 4.758%, 3M LIBOR + 4.250%, 09/01/28		172,438		167,966
PECF USS Intermediate Holding III Corp.
Term Loan B, 4.750%, 1M LIBOR + 4.250%, 12/15/28		65,955		65,437
Pre-Paid Legal Services, Inc.
Term Loan, 4.250%, 3M LIBOR + 3.750%, 12/15/28		139,642		138,143
Rent-A-Center, Inc. 1st Lien Term Loan B, 3.813%, 3M LIBOR + 3.250%, 02/17/28		346		339
Revint Intermediate II, LLC
Term Loan B, 4.750%, 1M LIBOR + 4.250%, 10/15/27		58,020		57,894
Verscend Holding Corp.
Term Loan B, 4.457%, 1M LIBOR + 4.000%, 08/27/25		236,009		235,714
				2,757,838
Computers—0.2%
Magenta Buyer LLC 1st Lien Term Loan, 5.750%, 3M LIBOR + 5.000%, 07/27/28		460,690		457,378
McAfee LLC
USD Term Loan B, 4.500%, TSFR + 4.000%, 03/01/29		182,940		181,751
Peraton Holding Corp.
Term Loan B, 4.500%, 1M LIBOR + 3.750%, 02/01/28		323,519		321,324
Vision Solutions, Inc.
Incremental Term Loan, 4.750%, 3M LIBOR + 4.000%, 04/24/28		574,035		568,116
				1,528,569
Cosmetics/Personal Care—0.1%
Conair Holdings LLC
Term Loan B, 4.756%, 3M LIBOR + 3.750%, 05/17/28		45,731		45,079
Coty, Inc.
Term Loan B, 2.560%, 1M LIBOR + 2.250%, 04/07/25		583,335		570,502
				615,581
Diversified Financial Services—0.2%
AqGen Island Holdings, Inc.
Term Loan B, 4.563%, 3M LIBOR + 3.500%, 08/02/28		248,552		247,154
Astra Acquisition Corp. 1st Lien Term Loan, 5.750%, 1M LIBOR + 5.250%, 10/25/28		217,092		212,479
Citadel Securities L.P.
Term Loan B, 2.957%, 1M LIBOR + 2.500%, 02/02/28		386,100		384,480
Edelman Financial Center LLC
Term Loan B, 4.250%, 1M LIBOR + 3.500%, 04/07/28		694,750		688,019
Forefront Management Holdings, LLC
Delayed Draw Term Loan, 03/23/29 (i)		13,204		13,114
Term Loan B, 03/23/29 (i)		70,643		70,157
Jane Street Group LLC
Term Loan, 3.207%, 1M LIBOR + 2.750%, 01/26/28		187,700		185,682
Russell Investments Group LLC
Term Loan, 5.000%, 6M LIBOR + 3.500%, 05/30/25		400,000		395,792
				2,196,877
Electric—0.0%
Astoria Energy LLC
Term Loan B, 4.506%, 3M LIBOR + 3.500%, 12/10/27		23,145		22,914
Engineering & Construction—0.0%
USIC Holdings, Inc.
Term Loan, 4.250%, 1M LIBOR + 3.500%, 05/12/28		175,102		173,788
Entertainment—0.2%
Motion Finco Sarl
Delayed Draw Term Loan B2, 4.256%, 3M LIBOR + 3.250%, 11/12/26		123,840		121,957
Term Loan B1, 4.256%, 3M LIBOR + 3.250%, 11/12/26		868,678		855,467
Raptor Acquisition Corp.
Term Loan, 4.934%, 3M LIBOR + 4.000%, 11/01/26		151,654		151,047
Scientific Games Holdings L.P.
USD Term Loan B, 04/04/29 (i)		272,160		270,006

BHFTI-125

Brighthouse Funds Trust I

Brighthouse/Franklin Low Duration Total Return Portfolio

Schedule of Investments as of March 31, 2022 (Unaudited)

Floating Rate Loans (h)—(Continued)

Security Description	Principal Amount*		Value
Entertainment—(Continued)
Twin River Worldwide Holdings, Inc.
Term Loan B, 3.750%, 6M LIBOR + 3.250%, 10/02/28		536,836	$	534,319
William Morris Endeavor Entertainment LLC 1st Lien Term Loan, 2.960%, 1M LIBOR + 2.750%, 05/18/25		375,721		369,772
				2,302,568
Environmental Control—0.0%
Madison IAQ LLC
Term Loan, 4.524%, 6M LIBOR + 3.250%, 06/21/28		120,003		118,466
Food—0.0%
Primary Products Finance LLC
Term Loan, 10/25/28 (i)		169,132		168,145
Healthcare-Products—0.0%
Medline Borrower L.P.
Term Loan B, 3.750%, 1M LIBOR + 3.250%, 10/23/28		130,033		128,813
Healthcare-Services—0.3%
ADMI Corp.
Incremental Term Loan B3, 4.000%, 1M LIBOR + 3.500%, 12/23/27		105,050		103,986
Term Loan B2, 3.875%, 1M LIBOR + 3.375%, 12/23/27		81,098		79,840
Aveanna Healthcare LLC
Delayed Draw Term Loan, 07/17/28 (i)		31,416		30,635
Term Loan B, 4.250%, 3M LIBOR + 3.750%, 07/17/28		134,412		131,073
eResearchTechnology, Inc. 1st Lien Term Loan, 5.500%, 1M LIBOR + 4.500%, 02/04/27		496,278		494,883
Global Medical Response, Inc.
Term Loan B2, 5.250%, 6M LIBOR + 4.250%, 03/14/25		103,048		102,575
Heartland Dental LLC
Incremental Term Loan, 4.447%, 1M LIBOR + 4.000%, 04/30/25		76,596		76,189
Icon Luxembourg Sarl
Term Loan, 3.256%, 3M LIBOR + 2.250%, 07/03/28		117,366		116,853
MedAssets Software Intermediate Holdings, Inc.
Term Loan, 4.500%, 3M LIBOR + 4.000%, 12/18/28		110,969		109,790
Parexel International Corp. 1st Lien Term Loan, 4.000%, 1M LIBOR + 3.500%, 11/15/28		63,742		63,339
Phoenix Guarantor, Inc.
Term Loan B, 3.707%, 1M LIBOR + 3.250%, 03/05/26		346,548		342,897
Term Loan B, 3.947%, 1M LIBOR + 3.500%, 03/05/26		197,505		195,424
Pluto Acquisition I, Inc. 1st Lien Term Loan, 4.508%, 3M LIBOR + 4.000%, 06/22/26		121,558		120,038
Radiology Partners, Inc. 1st Lien Term Loan B, 4.718%, 1M LIBOR + 4.250%, 07/09/25		139,115		137,550
U.S. Anesthesia Partners, Inc.
Term Loan, 4.750%, 6M LIBOR + 4.250%, 10/01/28		100,474		99,940
U.S. Radiology Specialists, Inc.
Term Loan, 6.313%, 3M LIBOR + 5.250%, 12/15/27		134,636		134,300
Healthcare-Services—(Continued)
U.S. Renal Care, Inc.
Term Loan B, 5.457%, 1M LIBOR + 5.000%, 06/26/26		294,975		272,372
				2,611,684
Home Builders—0.2%
Thor Industries, Inc.
USD Term Loan, 3.500%, 1M LIBOR + 3.000%, 02/01/26		1,582,205		1,579,238
Home Furnishings—0.0%
AI Aqua Merger Sub, Inc. 1st Lien Term Loan B, 4.250%, TSFR + 3.750%, 07/31/28		234,358		232,503
Delayed Draw Term loan, 07/31/28 (i)		32,174		31,882
Term Loan B, 07/31/28 (i)		141,564		140,237
				404,622
Household Products/Wares—0.0%
Illuminate Merger Sub Corp.
Term Loan, 4.506%, 3M LIBOR + 3.500%, 07/21/28		54,469		52,796
Housewares—0.0%
Petmate
Incremental Term Loan B, 6.506%, 1M LIBOR + 5.500%, 09/15/28		124,054		121,496
Insurance—0.4%
Acrisure LLC 1st Lien Term Loan B, 4.750%, 1M LIBOR + 4.250%, 02/15/27		152,623		152,242
Term Loan B, 4.250%, 3M LIBOR + 3.750%, 02/15/27		162,228		161,417
Alliant Holdings Intermediate LLC
Term Loan B, 3.707%, 1M LIBOR + 3.250%, 05/09/25		480,085		475,344
Term Loan B4, 4.000%, 1M LIBOR + 3.500%, 11/06/27		181,479		180,556
AssuredPartners, Inc.
Term Loan, 02/12/27 (i)		150,000		148,500
Term Loan B, 3.957%, 1M LIBOR + 3.500%, 02/12/27		695,553		688,271
Term Loan B, 4.000%, 1M LIBOR + 3.500%, 02/12/27		129,177		128,127
Asurion LLC 2nd Lien Term Loan B3, 5.707%, 1M LIBOR + 5.250%, 01/31/28		9,569		9,398
Second Lien Term Loan B4, 5.707%, 1M LIBOR + 5.250%, 01/20/29		544,707		533,813
Term Loan B6, 3.582%, 1M LIBOR + 3.125%, 11/03/23		223,810		222,775
Term Loan B8, 3.707%, 1M LIBOR + 3.250%, 12/23/26		163,010		159,706
Term Loan B9, 3.707%, 1M LIBOR + 3.250%, 07/31/27		209,466		205,495
Sedgwick Claims Management Services, Inc.
Term Loan B, 3.707%, 1M LIBOR + 3.250%, 12/31/25		227,066		225,120
				3,290,764
Internet—0.1%
Arches Buyer, Inc.
Term Loan B, 3.750%, 1M LIBOR + 3.250%, 12/06/27		102,487		100,974
Barracuda Networks, Inc. 1st Lien Term Loan, 4.733%, 3M LIBOR + 3.750%, 02/12/25		210,143		209,565

BHFTI-126

Brighthouse Funds Trust I

Brighthouse/Franklin Low Duration Total Return Portfolio

Schedule of Investments as of March 31, 2022 (Unaudited)

Floating Rate Loans (h)—(Continued)

Security Description	Principal Amount*		Value
Internet—(Continued)
CNT Holdings I Corp.
Term Loan, 4.250%, 3M LIBOR + 3.500%, 11/08/27		32,029	$	31,897
Hunter Holdco 3 Ltd.
Term Loan B, 5.256%, 3M LIBOR + 4.250%, 08/19/28		298,454		297,708
MH Sub I LLC
Incremental Term Loan, 4.750%, 1M LIBOR + 3.750%, 09/13/24		196,172		194,619
The Knot Worldwide Inc.
Term Loan, 4.581%, TSFR + 4.500%, 12/19/25		64,395		64,314
				899,077
Leisure Time—0.1%
Varsity Brands, Inc.
Term Loan B, 4.500%, 1M LIBOR + 3.500%, 12/15/24		870,579		836,119
Lodging—0.2%
Caesars Resort Collection LLC 1st Lien Term Loan B, 3.207%, 1M LIBOR + 2.750%, 12/23/24		468,879		467,121
Term Loan B1, 3.957%, 1M LIBOR + 3.500%, 07/21/25		577,076		574,672
Fertitta Entertainment LLC
Term Loan B, 4.500%, TSFR + 4.000%, 01/27/29		79,035		78,698
Hilton Grand Vacations Borrower LLC
Term Loan B, 3.500%, 1M LIBOR + 3.000%, 08/02/28		491,530		489,303
				1,609,794
Machinery-Diversified—0.1%
ASP Blade Holdings, Inc.
Initial Term Loan, 4.500%, 1M LIBOR + 4.000%, 10/13/28		238,216		235,611
Vertical U.S. Newco, Inc.
Term Loan B, 4.000%, 6M LIBOR + 3.500%, 07/30/27		381,774		379,006
				614,617
Media—0.5%
Banijay Entertainment S.A.S
USD Term Loan, 3.991%, 1M LIBOR + 3.750%, 03/01/25		537,339		531,966
Cengage Learning, Inc.
Term Loan B, 5.750%, 3M LIBOR + 4.750%, 07/14/26		897,276		891,948
CSC Holdings LLC
Term Loan B1, 2.647%, 1M LIBOR + 2.250%, 07/17/25		1,196,859		1,180,402
Diamond Sports Group LLC 2nd Lien Term Loan, 3.445%, TSFR + 3.250%, 08/24/26		702,681		245,206
First Priority Term Loan, 9.000%, TSFR + 8.000%, 05/26/26		427,547		434,962
Gray Television, Inc.
Term Loan D, 12/01/28 (i)		300,000		298,906
McGraw-Hill Global Education Holdings LLC
Term Loan, 5.554%, 3M LIBOR + 4.750%, 07/28/28		475,729		472,012
Radiate Holdco, LLC
Term Loan B, 4.000%, 1M LIBOR + 3.250%, 09/25/26		297,750		295,623
Univision Communications, Inc.
Term Loan B, 4.000%, 1M LIBOR + 3.250%, 03/15/26		422,810		421,383
				4,772,408
Metal Fabricate/Hardware—0.1%
Tiger Acquisition LLC
Term Loan, 3.758%, 3M LIBOR + 3.250%, 06/01/28		614,413		590,681
Mining—0.0%
U.S. Silica Co.
Term Loan B, 5.000%, 1M LIBOR + 4.000%, 05/01/25		246,733		243,076
Office/Business Equipment—0.0%
Pitney Bowes Inc.
Term Loan B, 4.460%, 1M LIBOR + 4.000%, 03/17/28		446,422		439,726
Oil & Gas—0.0%
QuarterNorth Energy Holding, Inc. 2nd Lien Term Loan, 9.000%, 3M LIBOR + 8.000%, 08/27/26		360,484		362,286
Oil & Gas Services—0.1%
Onsite Rental Group Pty, Ltd.
Term Loan, 6.100%, 10/26/23 (f) (g)		882,507		676,000
Packaging & Containers—0.1%
BWAY Holding Co.
Term Loan B, 04/03/24 (i)		600,000		592,875
Charter NEX U.S., Inc.
Term Loan, 4.500%, 1M LIBOR + 3.750%, 12/01/27		47,970		47,706
Klockner-Pentaplast of America, Inc.
Term Loan B, 5.554%, 6M LIBOR + 4.750%, 02/12/26		514,448		470,720
				1,111,301
Pharmaceuticals—0.3%
Bausch Health Companies, Inc.
Term Loan B, 01/27/27 (i)		305,824		303,394
Term Loan B, 3.457%, 1M LIBOR + 3.000%, 06/02/25		124,152		123,337
Gainwell Acquisition Corp.
Term Loan B, 5.006%, 3M LIBOR + 4.000%, 10/01/27		248,487		247,555
Jazz Financing Lux S.a.r.l.
Term Loan, 4.000%, 1M LIBOR + 3.500%, 05/05/28		653,337		651,931
Organon & Co.
USD Term Loan, 3.563%, 3M LIBOR + 3.000%, 06/02/28		391,758		390,105
Owens & Minor, Inc.
Term Loan B, 03/29/29 (i)		87,278		87,169
Pathway Vet Alliance LLC
Term Loan, 4.207%, 1M LIBOR + 3.750%, 03/31/27		773,676		767,390
PetVet Care Centers LLC
Term Loan B3, 4.250%, 1M LIBOR + 3.500%, 02/14/25		55,069		54,805
				2,625,686
Pipelines—0.0%
Lucid Energy Group II Borrower, LLC
Term Loan, 5.000%, 1M LIBOR + 4.250%, 11/24/28		124,704		123,834
Real Estate—0.0%
Cushman & Wakefield U.S. Borrower LLC
Term Loan B, 3.207%, 1M LIBOR + 2.750%, 08/21/25		304,615		301,045

BHFTI-127

Brighthouse Funds Trust I

Brighthouse/Franklin Low Duration Total Return Portfolio

Schedule of Investments as of March 31, 2022 (Unaudited)

Floating Rate Loans (h)—(Continued)

Security Description	Principal Amount*		Value
Retail—0.3%
Evergreen Acqco 1 L.P.
USD Term Loan, 6.483%, 3M LIBOR + 5.500%, 04/26/28		364,347	$	362,297
Flynn Restaurant Group L.P.
Term Loan B, 4.695%, 1M LIBOR + 4.250%, 12/01/28		124,685		123,438
General Nutrition Centers, Inc. 2nd Lien Term Loan, 6.234%, 1M LIBOR + 6.000%, 10/07/26		219,262		206,380
Great Outdoors Group LLC
Term Loan B1, 4.500%, 1M LIBOR + 3.750%, 03/06/28		418,122		417,142
Highline Aftermarket Acquisition LLC
Term Loan B, 5.506%, 3M LIBOR + 4.500%, 11/09/27		251,198		240,208
IRB Holding Corp.
Term Loan B, 3.750%, TSFR + 3.000%, 12/15/27		58,852		58,300
Medical Solutions Holdings, Inc. 1st Lien Term Loan, 4.506%, 3M LIBOR + 3.500%, 11/01/28		80,025		79,500
Delayed Draw Term Loan, 11/01/28 (j)		15,243		15,143
Michaels Companies, Inc.
Term Loan B, 5.256%, 3M LIBOR + 4.250%, 04/15/28		228,275		214,008
PetSmart, Inc.
Term Loan B, 4.500%, 3M LIBOR + 3.750%, 02/11/28		95,213		94,927
Restoration Hardware, Inc.
Term Loan B, 3.000%, 1M LIBOR + 2.500%, 10/20/28		182,485		179,634
Staples, Inc.
Term Loan, 5.317%, 3M LIBOR + 5.000%, 04/16/26		561,239		531,493
Tory Burch LLC
Term Loan B, 3.500%, 1M LIBOR + 3.000%, 04/16/28		125,368		122,287
Whatabrands LLC
Term Loan B, 3.750%, 1M LIBOR + 3.250%, 08/03/28		107,720		106,562
WOOF Holdings, Inc. 1st Lien Term Loan, 4.678%, 3M LIBOR + 3.750%, 12/21/27		53,908		53,571
				2,804,890
Software—0.7%
Alloy Finco, Ltd.
Holdco PIK Term Loan, 13.500%, 03/06/25 (e)		349,802		358,400
Aptean, Inc.
Term Loan, 4.707%, 1M LIBOR + 4.250%, 04/23/26		327,165		323,212
Aspect Software, Inc.
Term Loan, 6.000%, 3M LIBOR + 5.250%, 05/08/28		600,166		584,411
Athenahealth, Inc.
Delayed Draw Term Loan, 02/15/29 (j)		70,308		69,715
Term Loan B, 4.000%, TSFR + 3.500%, 02/15/29		414,819		411,319
Cloudera, Inc.
Second Lien Term Loan, 6.500%, 1M LIBOR + 6.000%, 10/08/29		51,033		50,395
Term Loan, 4.250%, 1M LIBOR + 3.750%, 10/08/28		119,758		118,710
Cornerstone OnDemand, Inc.
Term Loan, 4.250%, 3M LIBOR + 3.750%, 10/16/28		221,502		219,564
DCert Buyer, Inc.
Term Loan B, 4.457%, 1M LIBOR + 4.000%, 10/16/26		422,040		419,742
ECI Macola Max Holdings LLC
Term Loan, 4.756%, 3M LIBOR + 3.750%, 11/09/27		193,530		191,595
Epicor Software Corp.
Term Loan, 07/30/27 (i)		149,620		148,626
Greeneden U.S., Holdings II LLC
Term Loan B4, 4.750%, 1M LIBOR + 4.000%, 12/01/27		114,976		114,941
Software—(Continued)
Hyland Software, Inc.
Term Loan 3, 3.957%, 1M LIBOR + 3.500%, 07/01/24		145,520		144,997
Idera, Inc.
Term Loan, 4.500%, 3M LIBOR + 3.500%, 03/02/28		348,423		342,761
IGT Holding IV AB
USD Term Loan, 4.506%, 3M LIBOR + 3.500%, 03/31/28		190,385		188,957
Ivanti Software, Inc.
Term Loan B, 5.000%, 3M LIBOR + 4.250%, 12/01/27		539,200		532,557
Mitchell International, Inc.
Term Loan B, 4.250%, 1M LIBOR + 3.750%, 10/15/28		258,278		254,226
Navicure, Inc.
Term Loan B, 4.457%, 1M LIBOR + 4.000%, 10/22/26		254,800		254,481
Polaris Newco LLC
Term Loan B, 4.500%, 1M LIBOR + 4.000%, 06/02/28		397,818		395,480
Quest Software US Holdings Inc.
Term Loan, 4.750%, TSFR + 4.250%, 02/01/29		448,199		442,116
Red Planet Borrower, LLC
Term Loan B, 4.756%, 3M LIBOR + 3.750%, 10/02/28		121,754		120,460
Rocket Software, Inc.
Term Loan, 4.707%, 1M LIBOR + 4.250%, 11/28/25		270,115		267,161
Sovos Compliance LLC
Delayed Draw Term Loan, 08/11/28 (j)		9,131		9,131
Term Loan, 5.000%, 1M LIBOR + 4.500%, 08/11/28		52,745		52,745
Ultimate Software Group, Inc.
Term Loan, 3.750%, 3M LIBOR + 3.250%, 05/04/26		138,347		137,396
				6,153,098
Telecommunications—0.4%
Altice France S.A.
Term Loan B13, 4.506%, 3M LIBOR + 4.000%, 08/14/26		598,140		587,860
CCI Buyer, Inc.
Term Loan, 4.750%, 3M LIBOR + 4.000%, 12/17/27		537,859		532,256
CommScope, Inc.
Term Loan B, 3.707%, 1M LIBOR + 3.250%, 04/06/26		537,594		525,750
Global Tel*Link Corp. 1st Lien Term Loan, 4.707%, 1M LIBOR + 4.250%, 11/29/25		836,184		797,423
LogMeIn, Inc.
Term Loan B, 5.218%, 1M LIBOR + 4.750%, 08/31/27		301,155		296,575
Zayo Group Holdings, Inc.
Term Loan, 3.457%, 1M LIBOR + 3.000%, 03/09/27		630,101		613,954
				3,353,818
Transportation—0.1%
First Student Bidco, Inc.
Term Loan B, 3.983%, 3M LIBOR + 3.000%, 07/21/28		67,799		67,349
Term Loan C, 3.983%, 3M LIBOR + 3.000%, 07/21/28		25,089		24,922
Kenan Advantage Group, Inc.
Term Loan B1, 4.500%, 3M LIBOR + 3.750%, 03/24/26		266,024		262,964
LaserShip, Inc.
Term Loan, 5.250%, 3M LIBOR + 4.500%, 05/07/28		114,478		114,096
				469,331
Total Floating Rate Loans (Cost $60,811,356)				60,091,843

BHFTI-128

Brighthouse Funds Trust I

Brighthouse/Franklin Low Duration Total Return Portfolio

Schedule of Investments as of March 31, 2022 (Unaudited)

Mortgage-Backed Securities—6.1%

Security Description	Principal Amount*		Value
Collateralized Mortgage Obligations—3.7%
Adjustable Rate Mortgage Trust 2.758%, 02/25/35 (a)		1,003,682	$	1,023,464
BRAVO Residential Funding Trust 3.500%, 10/25/44 (144A) (a)		1,511,119		1,492,790
CHL Mortgage Pass-Through Trust 2.231%, 07/25/34 (a)		234,402		233,615
Credit Suisse First Boston Mortgage Securities Corp. 5.000%, 09/25/19		35,215		26,239
JPMorgan Mortgage Trust 2.500%, 04/25/52 (144A) (a)		4,531,171		4,351,646
2.500%, 06/25/52 (144A) (a)		858,789		824,270
2.500%, 10/25/51 (144A) (a)		4,897,520		4,700,665
Merrill Lynch Mortgage Investors Trust 1.197%, 1M LIBOR + 0.740%, 03/25/28 (a)		126,998		125,912
Mill City Mortgage Loan Trust 3.250%, 05/25/62 (144A) (a)		1,168,556		1,165,690
3.497%, 04/25/66 (144A) (a)		1,795,252		1,794,838
New York Mortgage Trust 1.132%, 1M LIBOR + 0.675%, 02/25/36 (a)		88,890		86,214
OBX Trust 1.107%, 1M LIBOR + 0.650%, 06/25/57 (144A) (a)		446,697		441,164
2.500%, 05/25/51 (144A) (a)		2,973,512		2,853,752
2.500%, 10/25/51 (144A) (a)		777,041		745,745
Provident Funding Mortgage Trust 2.500%, 10/25/51 (144A) (a)		2,869,290		2,753,728
PSMC Trust 2.500%, 08/25/51 (144A) (a)		4,673,012		4,467,773
Sequoia Mortgage Trust 1.089%, 1M LIBOR + 0.640%, 11/20/34 (a)		162,157		155,547
Towd Point Mortgage Trust 2.750%, 10/25/56 (144A) (a)		1,103,679		1,103,664
3.000%, 06/25/58 (144A) (a)		1,807,534		1,772,594
3.658%, 03/25/58 (144A) (a)		483,160		481,991
3.750%, 05/25/58 (144A) (a)		2,856,835		2,853,271
WaMu Mortgage Pass-Through Certificates Trust 0.917%, 1M LIBOR + 0.460%, 04/25/45 (a)		599,168		589,121
				34,043,693
Commercial Mortgage-Backed Securities—2.4%
BAMLL Commercial Mortgage Securities Trust 2.959%, 12/10/30 (144A)		1,940,000		1,946,008
BX Commercial Mortgage Trust 1.097%, 1M LIBOR + 0.700%, 09/15/36 (144A) (a)		1,950,000		1,899,852
1.317%, 1M LIBOR + 0.920%, 10/15/36 (144A) (a)		7,933,598		7,899,050
1.397%, 1M LIBOR + 1.000%, 11/15/32 (144A) (a)		4,004,926		3,975,953
BX Mortgage Trust 1.086%, 1M LIBOR + 0.689%, 10/15/36 (144A) (a)		1,860,000		1,823,585
Commercial Mortgage Trust 3.611%, 08/10/49 (144A) (a)		1,220,000		1,221,016
DBCG Mortgage Trust 1.097%, 1M LIBOR + 0.700%, 06/15/34 (144A) (a)		2,550,000		2,523,033
Greenwich Capital Commercial Mortgage Trust 5.610%, 07/10/38 (a)		357,974		287,632
Commercial Mortgage-Backed Securities—(Continued)
Wells Fargo Commercial Mortgage Trust 2.399%, 11/15/49		697,482		696,927
				22,273,056
Total Mortgage-Backed Securities (Cost $57,827,509)				56,316,749
Foreign Government—2.7%
Banks—0.5%
Banque Centrale de Tunisie International Bond 5.750%, 01/30/25 (144A)		1,800,000		1,200,600
Korea Development Bank (The) 3.375%, 03/12/23		2,700,000		2,724,894
				3,925,494
Sovereign—2.2%
Brazilian Government International Bond 8.750%, 02/04/25		980,000		1,142,935
Colombia Government International Bond 8.125%, 05/21/24 (d)		1,910,000		2,064,805
Dominican Republic International Bond 8.900%, 02/15/23 (144A) (DOP)		82,600,000		1,530,033
Egypt Government International Bond 5.750%, 05/29/24 (144A)		1,900,000		1,884,230
Gabon Government International Bond 6.950%, 06/16/25 (144A)		450,000		456,300
Hungary Government International Bond 5.375%, 02/21/23		1,220,000		1,249,134
Iraq International Bond 5.800%, 01/15/28 (144A)		1,687,500		1,645,734
Mongolia Government International Bond 8.750%, 03/09/24 (144A)		490,000		520,572
Pakistan Government International Bond 8.250%, 09/30/25 (144A)		520,000		430,040
Peruvian Government International Bonds 2.783%, 01/23/31		600,000		564,900
7.350%, 07/21/25		900,000		1,018,620
Philippine Government International Bond 4.200%, 01/21/24 (d)		600,000		616,896
Republic of South Africa Government International Bond 5.875%, 09/16/25		2,030,000		2,147,740
Romanian Government International Bond 4.875%, 01/22/24 (144A)		2,300,000		2,375,205
Turkey Government International Bond 6.375%, 10/14/25 (d)		2,850,000		2,786,217
				20,433,361
Total Foreign Government (Cost $26,498,117)				24,358,855
Municipals—2.6%
City & County Honolulu HI Wastewater System Revenue 2.233%, 07/01/24		710,000		703,397

BHFTI-129

Brighthouse Funds Trust I

Brighthouse/Franklin Low Duration Total Return Portfolio

Schedule of Investments as of March 31, 2022 (Unaudited)

Municipals—(Continued)

Security Description	Shares/ Principal Amount*		Value
Colorado Bridge Enterprise 0.923%, 12/31/23		5,000,000	$	4,838,172
Curators of the University of Missouri (The) 2.012%, 11/01/27		2,000,000		1,897,821
Massachusetts State College Building Authority 2.256%, 05/01/26		760,000		733,305
Metropolitan Transportation Authority 4.000%, 11/15/45		680,000		694,588
New York State Urban Development Corp. 2.250%, 03/15/26		5,950,000		5,774,971
San Jose Redevelopment Agency Successor Agency 2.630%, 08/01/22		2,165,000		2,176,629
State of Illinois, General Obligation Unlimited 5.100%, 06/01/33		865,000		919,847
Texas State University System 2.351%, 03/15/26		1,385,000		1,355,485
Virginia Small Business Financing Authority 2.000%, 12/31/23 (a)		5,200,000		5,203,629
Total Municipals (Cost $24,838,839)				24,297,844
Common Stocks—0.1%
Energy Equipment & Services—0.0%
Weatherford International plc (d) (k)		6,622		220,513
Oil, Gas & Consumable Fuels—0.1%
QuarterNorth Energy, Inc. (k)		8,038		1,044,940
Riviera Resources, Inc. (f) (g) (k)		2,835		0
				1,044,940
Retail—0.0%
KSouth Africa, Ltd./EdCon (f) (g) (k)		8,217,950		0
KSouth Africa, Ltd./EdCon (k)		40,457		0
KSouth Africa, Ltd./EdCon - Escrow Shares (f) (g) (k)		817,800		0
				0
Total Common Stocks (Cost $1,890,150)				1,265,453
Warrants—0.1%
Oil, Gas & Consumable Fuels—0.1%
Battalion Oil Corp., Series A, Expires 10/08/22 (f) (g) (k)		728		337
Battalion Oil Corp., Series B, Expires 10/08/22 (f) (g) (k)		911		220
Battalion Oil Corp., Series C, Expires 10/08/22 (f) (g) (k)		1,171		114
QuarterNorth Energy, Inc., Expires 08/05/49 (k)		2,901		391,635
				392,306
Paper & Forest Products—0.0%
Verso Corp., Expires 07/25/23 (k)		175		2
Total Warrants (Cost $0)				392,308
Short-Term Investments—3.9%
Security Description	Principal Amount*		Value
Discount Note—2.4%
Federal Home Loan Bank
Zero Coupon, 04/01/22		22,380,000		22,380,000
Repurchase Agreement—1.5%
Fixed Income Clearing Corp. Repurchase Agreement dated 03/31/22 at 0.000%, due on 04/01/22 with a maturity value of $13,385,467; collateralized by U.S. Treasury Note at 0.125%, maturing 10/15/24, with a market value of $13,653,262.		13,385,467		13,385,467
Total Short-Term Investments (Cost $35,765,467)				35,765,467
Securities Lending Reinvestments (l)—11.3%
Certificates of Deposit—1.5%
Bank of Nova Scotia 0.320%, 06/07/22		2,000,000		1,998,368
Canadian Imperial Bank of Commerce (NY) 0.520%, SOFR + 0.250%, 02/03/23 (a)		1,000,000		998,515
Cooperatieve Rabobank UA 0.840%, SOFR + 0.570%, 09/19/22 (a)		1,000,000		1,000,000
Credit Industriel et Commercial (NY) 0.480%, SOFR + 0.210%, 11/08/22 (a)		1,000,000		998,155
Goldman Sachs Bank USA 0.470%, SOFR + 0.190%, 09/02/22 (a)		2,000,000		1,997,452
Nordea Bank Abp. 0.720%, SOFR + 0.450%, 08/30/22 (a)		2,000,000		1,999,996
Oversea-Chinese Banking Corp., Ltd.
Zero Coupon, 04/14/22		500,000		499,915
0.720%, SOFR + 0.440%, 09/26/22 (a)		1,000,000		1,000,200
Standard Chartered Bank (NY) 0.460%, SOFR + 0.190%, 08/25/22 (a)		1,000,000		999,183
Sumitomo Mitsui Banking Corp. 0.720%, SOFR + 0.450%, 09/06/22 (a)		1,000,000		999,930
Toronto-Dominion Bank (The) 0.820%, FEDEFF PRV + 0.490%, 12/23/22 (a)		1,000,000		999,704
				13,491,418
Commercial Paper — 0.1%
Macquarie Bank Ltd. 0.510%, SOFR + 0.230%, 08/04/22 (a)		1,000,000		999,231
Repurchase Agreements — 6.9%
Barclays Capital, Inc. Repurchase Agreement dated 03/31/22 at 0.240%, due on 04/01/22 with a maturity value of $6,989,034; collateralized by U.S. Treasury Obligations at 0.000%, maturity dates ranging from 02/15/37 - 11/15/48, and an aggregate market value of $7,128,767.		6,988,987		6,988,987

BHFTI-130

Brighthouse Funds Trust I

Brighthouse/Franklin Low Duration Total Return Portfolio

Schedule of Investments as of March 31, 2022 (Unaudited)

Securities Lending Reinvestments (l)—(Continued)

Security Description	Principal Amount*		Value
Repurchase Agreements—(Continued)
Cantor Fitzgerald & Co. Repurchase Agreement dated 03/31/22 at 0.290%, due on 04/01/22 with a maturity value of $3,000,024; collateralized by U.S. Treasury and U.S. Government Agency Obligations with rates ranging from 0.125% - 8.000%, maturity dates ranging from 09/15/22 - 07/20/71, and an aggregate market value of $3,060,000.		3,000,000	$	3,000,000
Citigroup Global Markets, Ltd. Repurchase Agreement dated 03/31/22 at 0.300%, due on 04/01/22 with a maturity value of $800,007; collateralized by U.S. Treasury and Foreign Obligations with rates ranging from 0.125% - 2.875%, maturity dates ranging from 08/15/23 - 02/15/51, and an aggregate market value of $816,000.		800,000		800,000
ING Financial Markets LLC Repurchase Agreement dated 03/31/22 at 0.260%, due on 04/01/22 with a maturity value of $20,187,291; collateralized by U.S. Treasury Obligations at 0.000%, maturity dates ranging from 05/10/22 - 08/11/22, and an aggregate market value of $20,590,896.		20,187,145		20,187,145
National Bank Financial, Inc. Repurchase Agreement dated 03/31/22 at 0.320%, due on 04/01/22 with a maturity value of $10,000,089; collateralized by U.S. Treasury Obligations with rates ranging from 0.125% - 3.000%, maturity dates ranging from 06/30/22 - 02/15/49, and an aggregate market value of $10,205,689.		10,000,000		10,000,000
National Bank of Canada Repurchase Agreement dated 03/31/22 at 0.320%, due on 04/07/22 with a maturity value of $5,000,311; collateralized by U.S. Treasury Obligations with rates ranging from 0.000% - 4.500%, maturity dates ranging from 04/14/22 - 08/15/51, and an aggregate market value of $5,102,844.		5,000,000		5,000,000
Repurchase Agreement dated 03/31/22 at 0.450%, due on 04/07/22 with a maturity value of $4,000,350; collateralized by U.S. Treasury Obligations with rates ranging from 0.500% - 3.000%, maturity dates ranging from 11/30/23 - 08/15/48, and various Common Stock with an aggregate market value of $4,423,195.		4,000,000		4,000,000
NBC Global Finance, Ltd. Repurchase Agreement dated 03/31/22 at 0.485%, due on 04/07/22 with a maturity value of $700,066; collateralized by U.S. Treasury Obligations with rates ranging from 0.125% - 4.750%, maturity dates ranging from 05/15/24 - 02/15/50, and various Common Stock with an aggregate market value of $777,264.		700,000		700,000
Societe Generale Repurchase Agreement dated 03/31/22 at 0.360%, due on 04/01/22 with a maturity value of $5,000,050; collateralized by various Common Stock with an aggregate market value of $5,556,015.		5,000,000		5,000,000
Repurchase Agreement dated 03/31/22 at 0.380%, due on 04/01/22 with a maturity value of $2,300,024; collateralized by various Common Stock with an aggregate market value of $2,555,767.	2,300,000		2,300,000
Repurchase Agreements—(Continued)
Societe Generale Repurchase Agreement dated 03/31/22 at 0.410%, due on 04/01/22 with a maturity value of $1,800,021; collateralized by various Common Stock with an aggregate market value of $2,000,321.		1,800,000	$	1,800,000
Repurchase Agreement dated 03/31/22 at 0.420%, due on 04/07/22 with a maturity value of $1,300,106; collateralized by various Common Stock with an aggregate market value of $1,444,677.		1,300,000		1,300,000
TD Prime Services LLC Repurchase Agreement dated 03/31/22 at 0.400%, due on 04/01/22 with a maturity value of $2,000,022; collateralized by various Common Stock with an aggregate market value of $2,316,377.		2,000,000		2,000,000
				63,076,132
Time Deposits—1.3%
Australia New Zealand Banking Group, Ltd 0.310%, 04/01/22		3,000,000		3,000,000
DZ Bank AG (NY) 0.300%, 04/01/22		2,000,000		2,000,000
First Abu Dhabi Bank USA NV 0.310%, 04/01/22		3,000,000		3,000,000
Skandi (NY) 0.300%, 04/01/22		2,000,000		2,000,000
Svenska (NY) 0.260%, 04/01/22		2,000,000		2,000,000
				12,000,000
Mutual Funds—1.5%
Goldman Sachs Financial Square Government Fund, Institutional Shares 0.250% (m)		10,000,000		10,000,000
Morgan Stanley Liquidity Funds Government Portfolio, Institutional Shares 0.230% (m)		4,000,000		4,000,000
				14,000,000
Total Securities Lending Reinvestments (Cost $103,576,105)				103,566,781
Total Purchased Options—0.0% (n) (Cost $76,178)				25,055
Total Investments—113.7% (Cost $1,080,124,099)				1,047,527,795
Unfunded Loan Commitments—(0.0)% (Cost $(94,682))				(94,682	)
Net Investments—113.7% (Cost $1,080,029,417)				1,047,433,113
Other assets and liabilities (net)—(13.7)%				(125,783,098	)
Net Assets—100.0%			$	921,650,015

* Principal and notional amounts stated in U.S. dollars unless otherwise noted.

BHFTI-131

Brighthouse Funds Trust I

Brighthouse/Franklin Low Duration Total Return Portfolio

Schedule of Investments as of March 31, 2022 (Unaudited)

†	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 March 31, 2022, 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 March 31, 2022. 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)	Principal amount of security is adjusted for inflation.
(d)	All or a portion of the security was held on loan. As of March 31, 2022, the market value of securities loaned was $115,538,893 and the collateral received consisted of cash in the amount of $103,575,741 and non-cash collateral with a value of $15,222,107. 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)	Payment-in-kind security for which part of the income earned may be paid as additional principal.
(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 March 31, 2022, these securities represent 0.1% of net assets.
(h)	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.
(i)	This loan will settle after March 31, 2022, at which time the interest rate will be determined.
(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)	Non-income producing security.
(l)	Represents investment of cash collateral received from securities on loan as of March 31, 2022.
(m)	The rate shown represents the annualized seven-day yield as of March 31, 2022.
(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 March 31, 2022, the market value of 144A securities was $228,201,757, which is 24.8% of net assets.

Restricted Securities	Acquisition Date		Principal Amount		Cost		Value
KSouth Africa, Ltd., 25.000%, 12/31/22		12/22/16-12/31/18	$	278,863	$	278,863	$	0
KSouth Africa, Ltd., 3.000%, 12/31/22		04/15/13-12/31/18		701,661		1,361,723		0
							$	0

Forward Foreign Currency Exchange Contracts

Contracts to Buy		Counterparty	Settlement Date		In Exchange for			Unrealized Appreciation/ (Depreciation)
AUD	1,260,000	JPMC		07/21/22		USD	918,578	$	26,145
JPY	80,500,000	JPMC		06/22/22		USD	711,420		(48,769	)
KRW	1,080,000,000	JPMC		07/21/22		USD	910,225		(19,454	)
Contracts to Deliver
AUD	1,260,000	JPMC		07/21/22		USD	948,058		3,335
EUR	14,190,000	JPMC		06/07/22		USD	16,114,500		380,736
EUR	7,049,114	JPMC		06/07/22		USD	8,006,959		190,955
EUR	9,130,000	JPMC		09/16/22		USD	10,070,618		(110,252	)
JPY	80,500,000	JPMC		06/22/22		USD	677,011		14,359
Net Unrealized Appreciation								$	437,055

Futures Contracts

Futures Contracts—Long	Expiration Date		Number of Contracts			Notional Value				Value/ Unrealized Appreciation/ (Depreciation)
U.S. Treasury Note 2 Year Futures		06/30/22		989			USD	209,590,735		$	(2,898,666	)
Futures Contracts—Short
U.S. Treasury Note 10 Year Futures		06/21/22		(380	)		USD	(46,692,500	)		1,246,354
U.S. Treasury Note 5 Year Futures		06/30/22		(323	)		USD	(37,044,063	)		901,220
U.S. Treasury Note Ultra 10 Year Futures		06/21/22		(25	)		USD	(3,386,719	)		97,265
Net Unrealized Depreciation										$	(653,827	)

BHFTI-132

Brighthouse Funds Trust I

Brighthouse/Franklin Low Duration Total Return Portfolio

Schedule of Investments as of March 31, 2022 (Unaudited)

Purchased Options

Credit Default Swaptions

Strike Price

Counterparty

Reference Obligation

Buy/Sell Protection

Expiration Date

Number of Contracts

Notional Amount

Premiums Paid

Market Value

Unrealized Appreciation/ (Depreciation)

Put - OTC-5 Yr. CDS

$99.000

DBAG

CDX.NA.HY.37

Buy

05/18/22

7,100,000

USD

7,100,000

$

55,912

$

11,821

$

(44,091

)

Foreign Currency Options	Strike Price			Counterparty	Expiration Date		Number of Contracts		Notional Amount			Premiums Paid		Market Value		Unrealized Appreciation/ (Depreciation)
EUR Put/NOK Call		NOK	9.368	CBNA		10/20/22		1,388,000		EUR	1,388,000	$	20,266	$	13,234	$	(7,032	)

Swap Agreements

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 March 31, 2022 (b)			Notional Amount (c)			Market Value			Upfront Premium Paid/(Received)			Unrealized Appreciation/ (Depreciation)
Avon Products, Inc. 6.150%, due 03/15/23		(5.000	%)		Quarterly		03/20/23	CBNA		1.435	%		USD	950,000	$	(32,685	)	$	(26,806	)	$	(5,879	)
Avon Products, Inc. 6.150%, due 03/15/23		(5.000	%)		Quarterly		03/20/23	CBNA		1.435	%		USD	950,000		(32,685	)		(26,776	)		(5,909	)
Totals															$	(65,370	)	$	(53,582	)	$	(11,788	)

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 March 31, 2022 (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		4.872	%		EUR	480,000	$	2,228		$	(2,393	)	$	4,621
Air-France KLM S.A. 1.875% due 01/16/25		5.000	%		Quarterly	06/20/26	JPMC		5.005	%		EUR	760,000		(148	)		11,353			(11,501	)
Air-France KLM S.A. 1.875%, due 01/16/25		5.000	%		Quarterly	12/20/26	JPMC		5.170	%		EUR	525,000		(3,920	)		9,119			(13,039	)
American Airlines Group, Inc. 5.000%, due 06/01/22		5.000	%		Quarterly	06/20/22	JPMC		5.440	%		USD	400,000		(391	)		(831	)		440
American Airlines Group, Inc. 5.000%, due 06/01/22		5.000	%		Quarterly	12/20/22	GSBU		5.408	%		USD	1,585,000		(4,573	)		(11,131	)		6,558
Carnival Corp. 6.650%, due 01/15/28		1.000	%		Quarterly	06/20/27	CBNA		4.618	%		USD	1,985,000		(299,898	)		(376,360	)		76,462
Mexico Government International Bond 4.150%, due 03/28/27		1.000	%		Quarterly	06/20/26	CBNA		0.779	%		USD	2,500,000		22,250			6,147			16,103
Nabors Industries, Inc. 5.500%, due 01/15/23		1.000	%		Quarterly	12/20/23	CBNA		3.225	%		USD	425,000		(15,788	)		(20,213	)		4,425
Nabors Industries, Inc. 5.500%, due 01/15/23		1.000	%		Quarterly	12/20/23	CBNA		3.225	%		USD	575,000		(21,361	)		(33,970	)		12,609
Nabors Industries, Inc. 5.500%, due 01/15/23		1.000	%		Quarterly	12/20/23	CBNA		3.225	%		USD	875,000		(32,505	)		(42,559	)		10,054
Nordstrom, Inc. 6.950%, due 03/15/28		1.000	%		Quarterly	12/20/26	JPMC		3.240	%		USD	2,400,000		(223,905	)		(193,701	)		(30,204	)
United Airlines Holdings, Inc. 5.000%, due 02/01/24		5.000	%		Quarterly	06/20/27	CBNA		6.198	%		USD	1,420,000		(67,160	)		(120,447	)		53,287
Totals														$	(645,171	)	$	(774,986	)	$	129,815

BHFTI-133

Brighthouse Funds Trust I

Brighthouse/Franklin Low Duration Total Return Portfolio

Schedule of Investments as of March 31, 2022 (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 March 31, 2022 (b)			Notional Amount (c)			Market Value			Upfront Premium Paid/(Received)			Unrealized Appreciation/ (Depreciation)
Bespoke Kenai 0-5% CDX Tranche		0.000	%		Quarterly	12/20/23	CBNA		29.336	%		USD	2,100,000	$	(845,673	)	$	(552,862	)	$	(292,811	)
Bespoke Kona 0-5% CDX Tranche		0.000	%		Quarterly	12/20/22	CBNA		22.462	%		USD	1,000,000		(151,053	)		(100,087	)		(50,966	)
Bespoke Kona 5-10% CDX Tranche		2.420	%		Quarterly	12/20/22	CBNA		2.146	%		USD	2,500,000		4,966			—			4,966
Bespoke Palm Beach 5-10% CDX Tranche		1.970	%		Quarterly	12/20/22	CBNA		1.327	%		USD	3,300,000		15,417			—			15,417
Bespoke Rotorua 0-5% CDX Tranche		0.000	%		Quarterly	12/20/23	CBNA		27.556	%		USD	2,800,000		(1,078,429	)		(746,514	)		(331,915	)
Bespoke Rotorua 5-10% CDX Tranche		3.600	%		Quarterly	12/20/23	CBNA		4.222	%		USD	1,800,000		(18,796	)		—			(18,796	)
Totals														$	(2,073,568	)	$	(1,399,463	)	$	(674,105	)

OTC Total Return Swaps

Pay/Receive  Floating Rate	Floating Rate Index	Payment Frequency		Maturity Date		Counterparty	Underlying Reference Instrument	Notional Amount			Market Value			Upfront Premium Paid		Unrealized Appreciation/ (Depreciation)(1)
Pay	3M SOFR		Quarterly		06/20/22	BBP	Markit iBoxx USD Liquid Leveraged Loans Total Return Index		USD	16,760,000	$	(152,446	)	$	—	$	(152,446	)
Pay	3M SOFR		Quarterly		06/20/22	BBP	Markit iBoxx USD Liquid Leveraged Loans Total Return Index		USD	2,500,000		(22,740	)		—		(22,740	)
Pay	3M SOFR		Quarterly		09/20/22	BBP	Markit iBoxx USD Liquid Leveraged Loans Total Return Index		USD	16,740,000		143,108			—		143,108
Totals											$	(32,078	)	$	—	$	(32,078	)

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 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

$

603,739

$

(9,673

)

$

613,412

(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 the currency received will be exchanged back for the notional amount of the currency delivered.

(1) There were no upfront premiums paid or (received), therefore Market Value equals Unrealized Appreciation/(Depreciation).

BHFTI-134

Brighthouse Funds Trust I

Brighthouse/Franklin Low Duration Total Return Portfolio

Schedule of Investments as of March 31, 2022 (Unaudited)

Glossary of Abbreviations

Counterparties

(BBP)—	Barclays Bank plc
(CBNA)—	Citibank N.A.
(DBAG)—	Deutsche Bank AG
(JPMC)—	JPMorgan Chase Bank N.A.
(GSBU)—	Goldman Sachs Bank USA

Currencies

(AUD)—	Australian Dollar
(DOP)—	Dominican Peso
(EUR)—	Euro
(JPY)—	Japanese Yen
(KRW)—	South Korean Won
(NOK)—	Norwegian Krone
(USD)—	United States Dollar

Index Abbreviations

(CDX.NA.HY)—	Markit North America High Yield CDS Index
(EURIBOR)—	Euro InterBank Offered Rate
(FEDEFF PRV)—	Effective Federal Funds Rate
(H15)—	U.S. Treasury Yield Curve Rate T-Note Constant Maturity Index
(LIBOR)—	London Interbank Offered Rate
(SOFR)—	Secured Overnight Financing Rate
(TSFR)—	Term Secured Financing Rate

Other Abbreviations

(ARM)—	Adjustable-Rate Mortgage
(CLO)—	Collateralized Loan Obligation
(CMO)—	Collateralized Mortgage Obligation
(CDS)—	Credit Default Swap
(DAC)—	Designated Activity Company
(REMIC)—	Real Estate Mortgage Investment Conduit

BHFTI-135

Brighthouse Funds Trust I

Brighthouse/Franklin Low Duration Total Return Portfolio

Schedule of Investments as of March 31, 2022 (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 March 31, 2022:

Description	Level 1		Level 2		Level 3		Total
Total U.S. Treasury & Government Agencies*	$	—	$	424,111,366	$	—	$	424,111,366
Corporate Bonds & Notes
Aerospace/Defense		—		6,717,461		—		6,717,461
Agriculture		—		2,433,970		—		2,433,970
Airlines		—		9,156,466		—		9,156,466
Banks		—		61,522,722		—		61,522,722
Beverages		—		2,890,586		—		2,890,586
Biotechnology		—		295,170		—		295,170
Chemicals		—		4,560,877		—		4,560,877
Commercial Services		—		1,007,397		—		1,007,397
Cosmetics/Personal Care		—		3,876,740		—		3,876,740
Diversified Financial Services		—		922,187		—		922,187
Electric		—		18,851,155		—		18,851,155
Electronics		—		1,299,841		—		1,299,841
Entertainment		—		904,934		—		904,934
Food		—		1,016,250		—		1,016,250
Healthcare-Services		—		5,885,551		—		5,885,551
Insurance		—		2,399,060		—		2,399,060
Internet		—		12,854,211		—		12,854,211
Leisure Time		—		3,926,523		—		3,926,523
Lodging		—		5,682,215		—		5,682,215
Machinery-Construction & Mining		—		729,883		—		729,883
Media		—		12,772,730		—		12,772,730
Mining		—		286,584		—		286,584
Miscellaneous Manufacturing		—		121,725		—		121,725
Multi-National		—		1,308,866		—		1,308,866
Oil & Gas		—		19,484,441		—		19,484,441
Oil & Gas Services		—		27,945		—		27,945
Packaging & Containers		—		3,053,113		—		3,053,113
Pharmaceuticals		—		7,716,620		—		7,716,620
Pipelines		—		13,819,194		—		13,819,194
Real Estate		—		1,367,400		—		1,367,400
Real Estate Investment Trusts		—		2,542,188		—		2,542,188
Retail		—		176,823		0		176,823
Semiconductors		—		3,145,236		—		3,145,236
Software		—		944,438		—		944,438
Telecommunications		—		6,935,110		—		6,935,110
Trucking & Leasing		—		566,702		—		566,702
Total Corporate Bonds & Notes		—		221,202,314		0		221,202,314
Total Asset-Backed Securities*		—		96,133,760		—		96,133,760

BHFTI-136

Brighthouse Funds Trust I

Brighthouse/Franklin Low Duration Total Return Portfolio

Schedule of Investments as of March 31, 2022 (Unaudited)

Fair Value Hierarchy—(Continued)

Description	Level 1		Level 2		Level 3		Total
Floating Rate Loans
Advertising	$	—	$	290,234	$	—	$	290,234
Aerospace/Defense		—		1,459,240		—		1,459,240
Airlines		—		5,537,715		—		5,537,715
Apparel		—		278,548		—		278,548
Auto Manufacturers		—		699,423		—		699,423
Auto Parts & Equipment		—		1,200,650		—		1,200,650
Beverages		—		1,039,905		—		1,039,905
Building Materials		—		147,552		—		147,552
Chemicals		—		3,377,630		—		3,377,630
Commercial Services		—		2,757,838		—		2,757,838
Computers		—		1,528,569		—		1,528,569
Cosmetics/Personal Care		—		615,581		—		615,581
Diversified Financial Services		—		2,196,877		—		2,196,877
Electric		—		22,914		—		22,914
Engineering & Construction		—		173,788		—		173,788
Entertainment		—		2,302,568		—		2,302,568
Environmental Control		—		118,466		—		118,466
Food		—		168,145		—		168,145
Healthcare-Products		—		128,813		—		128,813
Healthcare-Services		—		2,611,684		—		2,611,684
Home Builders		—		1,579,238		—		1,579,238
Home Furnishings		—		404,622		—		404,622
Household Products/Wares		—		52,796		—		52,796
Housewares		—		121,496		—		121,496
Insurance		—		3,290,764		—		3,290,764
Internet		—		899,077		—		899,077
Leisure Time		—		836,119		—		836,119
Lodging		—		1,609,794		—		1,609,794
Machinery-Diversified		—		614,617		—		614,617
Media		—		4,772,408		—		4,772,408
Metal Fabricate/Hardware		—		590,681		—		590,681
Mining		—		243,076		—		243,076
Office/Business Equipment		—		439,726		—		439,726
Oil & Gas		—		362,286		—		362,286
Oil & Gas Services		—		—		676,000		676,000
Packaging & Containers		—		1,111,301		—		1,111,301
Pharmaceuticals		—		2,625,686		—		2,625,686
Pipelines		—		123,834		—		123,834
Real Estate		—		301,045		—		301,045
Retail (Less Unfunded Loan Commitments of $15,243)		—		2,789,647		—		2,789,647
Software (Less Unfunded Loan Commitments of $79,439)		—		6,073,659		—		6,073,659
Telecommunications		—		3,353,818		—		3,353,818
Transportation		—		469,331		—		469,331
Total Floating Rate Loans (Less Unfunded Loan Commitments of $94,682)		—		59,321,161		676,000		59,997,161
Total Mortgage-Backed Securities*		—		56,316,749		—		56,316,749
Total Foreign Government*		—		24,358,855		—		24,358,855
Total Municipals*		—		24,297,844		—		24,297,844
Common Stocks
Energy Equipment & Services		220,513		—		—		220,513
Oil, Gas & Consumable Fuels		—		1,044,940		0		1,044,940
Retail		—		0		0		0
Total Common Stocks		220,513		1,044,940		0		1,265,453

BHFTI-137

Brighthouse Funds Trust I

Brighthouse/Franklin Low Duration Total Return Portfolio

Schedule of Investments as of March 31, 2022 (Unaudited)

Fair Value Hierarchy—(Continued)

Description	Level 1			Level 2			Level 3		Total
Warrants
Oil, Gas & Consumable Fuels	$	—		$	391,635		$	671	$	392,306
Paper & Forest Products		2			—			—		2
Total Warrants		2			391,635			671		392,308
Total Short-Term Investments*		—			35,765,467			—		35,765,467
Securities Lending Reinvestments
Certificates of Deposit		—			13,491,418			—		13,491,418
Commercial Paper		—			999,231			—		999,231
Repurchase Agreements		—			63,076,132			—		63,076,132
Time Deposits		—			12,000,000			—		12,000,000
Mutual Funds		14,000,000			—			—		14,000,000
Total Securities Lending Reinvestments		14,000,000			89,566,781			—		103,566,781
Purchased Options
Credit Default Swaptions at Value		—			11,821			—		11,821
Foreign Currency Options at Value		—			13,234			—		13,234
Total Purchased Options		—			25,055			—		25,055
Total Net Investments	$	14,220,515		$	1,032,535,927		$	676,671	$	1,047,433,113
Collateral for Securities Loaned (Liability)	$	—		$	(103,575,741	)	$	—	$	(103,575,741	)
Forward Contracts
Forward Foreign Currency Exchange Contracts (Unrealized Appreciation)	$	—		$	615,530		$	—	$	615,530
Forward Foreign Currency Exchange Contracts (Unrealized Depreciation)		—			(178,475	)		—		(178,475	)
Total Forward Contracts	$	—		$	437,055		$	—	$	437,055
Futures Contracts
Futures Contracts (Unrealized Appreciation)	$	2,244,839		$	—		$	—	$	2,244,839
Futures Contracts (Unrealized Depreciation)		(2,898,666	)		—			—		(2,898,666	)
Total Futures Contracts	$	(653,827	)	$	—		$	—	$	(653,827	)
OTC Swap Contracts
OTC Swap Contracts at Value (Assets)	$	—		$	791,708		$	—	$	791,708
OTC Swap Contracts at Value (Liabilities)		—			(3,004,156	)		—		(3,004,156	)
Total OTC Swap Contracts	$	—		$	(2,212,448	)	$	—	$	(2,212,448	)

* 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 March 31, 2022 is not presented.

BHFTI-138

Brighthouse Funds Trust I

Brighthouse/Templeton International Bond Portfolio

Schedule of Investments as of March 31, 2022 (Unaudited)

Foreign Government—56.6% of Net Assets

Security Description	Principal Amount*		Value
Argentina—2.3%
Argentina Treasury Bonds
1.300%, 09/20/22(ARS) (a)		152,577,000	$	1,610,708
1.400%, 03/25/23(ARS) (a)		463,177,011		5,126,311
1.450%, 08/13/23(ARS) (a)		31,172,407		313,312
1.500%, 03/25/24(ARS) (a)		391,845,470		4,275,893
Argentine Bonos del Tesoro
15.500%, 10/17/26(ARS)		693,671,000		1,444,657
16.000%, 10/17/23(ARS)		387,123,400		1,316,684
Bonos del Tesoro Nacional en Pesos Badlar
39.551%, BADLAR + 2.000%, 04/03/22 (ARS) (b)		20,147,000		102,195
Letras de la Nacion Argentina con Ajuste por CER
Zero Coupon, 04/18/22 (ARS) (a)		207,221,600		1,562,871
Zero Coupon, 05/23/22 (ARS) (a)		331,464,000		2,437,328
Zero Coupon, 06/30/22 (ARS) (a)		124,706,800		874,853
				19,064,812
Brazil—9.9%
Brazil Letras do Tesouro Nacional
Zero Coupon, 01/01/24 (BRL)		31,000,000		5,329,268
Zero Coupon, 07/01/24 (BRL)		131,490,000		21,538,532
Zero Coupon, 01/01/25 (BRL)		227,900,000		35,445,617
Brazil Notas do Tesouro Nacional
10.000%, 01/01/25(BRL)		17,920,000		3,639,081
10.000%, 01/01/27(BRL)		74,890,000		14,992,789
10.000%, 01/01/29(BRL)		7,710,000		1,474,315
10.000%, 01/01/31(BRL)		12,310,000		2,369,158
				84,788,760
Colombia—3.5%
Colombian TES
5.750%, 11/03/27(COP)		8,486,000,000		1,901,027
6.250%, 11/26/25(COP)		12,336,000,000		2,977,137
7.000%, 05/04/22(COP)		653,000,000		173,295
7.000%, 06/30/32(COP)		7,946,000,000		1,737,946
7.500%, 08/26/26(COP)		24,687,000,000		6,122,925
7.750%, 09/18/30(COP)		40,473,100,000		9,572,900
10.000%, 07/24/24(COP)		26,419,000,000		7,186,774
				29,672,004
Ghana—1.0%
Ghana Government Bonds
16.500%, 02/06/23(GHS)		17,320,000		2,286,479
17.600%, 11/28/22(GHS)		11,600,000		1,545,484
17.700%, 03/18/24(GHS)		1,450,000		184,820
18.250%, 07/25/22(GHS)		5,270,000		702,290
18.300%, 03/02/26(GHS)		810,000		100,056
18.850%, 09/28/23(GHS)		5,300,000		703,750
19.000%, 09/18/23(GHS)		680,000		90,530
19.250%, 11/27/23(GHS)		1,820,000		241,161
19.250%, 12/18/23(GHS)		130,000		17,181
19.750%, 03/15/32(GHS)		18,788,000		2,283,677
20.750%, 01/16/23(GHS)		150,000		20,415
Ghana—(Continued)
Ghana Treasury Notes
17.250%, 07/31/23(GHS)		320,000		41,919
17.600%, 02/20/23(GHS)		4,457,000		593,172
18.500%, 01/02/23(GHS)		90,000		12,058
				8,822,992
India—4.8%
India Government Bonds
5.150%, 11/09/25(INR)		139,600,000		1,800,384
5.220%, 06/15/25(INR)		137,000,000		1,781,891
6.790%, 05/15/27(INR)		1,478,610,000		19,897,573
7.270%, 04/08/26(INR)		94,000,000		1,290,011
7.590%, 01/11/26(INR)		1,012,000,000		14,019,088
7.680%, 12/15/23(INR)		80,000,000		1,099,466
8.200%, 09/24/25(INR)		71,900,000		1,014,808
				40,903,221
Indonesia—9.4%
Indonesia Treasury Bonds
5.500%, 04/15/26(IDR)		413,500,000,000		28,878,926
5.625%, 05/15/23(IDR)		112,587,000,000		8,009,296
6.500%, 06/15/25(IDR)		5,160,000,000		374,092
7.000%, 05/15/22(IDR)		120,414,000,000		8,423,740
8.375%, 03/15/24(IDR)		17,893,000,000		1,337,369
10.000%, 09/15/24(IDR)		122,770,000,000		9,654,496
12.900%, 06/15/22(IDR)		341,823,000,000		24,275,681
				80,953,600
Mexico—0.5%
Mexican Bonos
10.000%, 12/05/24(MXN)		76,790,000		3,998,871
Norway—3.6%
Norway Government Bonds
1.500%, 02/19/26 (144A) (NOK)		20,165,000		2,204,912
1.750%, 03/13/25 (144A) (NOK)		33,998,000		3,786,493
2.000%, 05/24/23 (144A) (NOK)		119,955,000		13,676,520
3.000%, 03/14/24 (144A) (NOK)		100,903,000		11,635,887
				31,303,812
Singapore—4.9%
Monetary Authority of Singapore Bill
0.627%, 05/13/22(SGD)		3,080,000		2,270,123
0.663%, 05/20/22(SGD)		39,890,000		29,394,682
Singapore Treasury Bill
0.752%, 01/24/23(SGD)		14,440,000		10,565,331
				42,230,136
South Korea—14.5%
Korea Monetary Stabilization Bond
0.905%, 04/02/23(KRW)		34,690,000,000		28,367,727

BHFTI-139

Brighthouse Funds Trust I

Brighthouse/Templeton International Bond Portfolio

Schedule of Investments as of March 31, 2022 (Unaudited)

Foreign Government—(Continued)

Security Description	Principal Amount*		Value
South Korea—(Continued)
Korea Treasury Bonds
0.875%, 12/10/23(KRW)		27,639,000,000	$	22,267,269
1.125%, 06/10/24(KRW)		7,685,000,000		6,151,146
1.250%, 12/10/22(KRW)		64,900,000,000		53,386,015
2.375%, 03/10/27(KRW)		18,568,000,000		14,929,523
				125,101,680
Thailand—2.2%
Bank of Thailand Bond
0.660%, 11/22/23(THB)		206,580,000		6,194,492
Thailand Government Bonds
0.750%, 09/17/24(THB)		202,200,000		6,026,668
1.000%, 06/17/27(THB)		244,740,000		7,122,965
				19,344,125
Total Foreign Government (Cost $583,841,641)				486,184,013
U.S. Treasury & Government Agencies—13.6%
U.S. Treasury—13.6%
U.S. Treasury Notes
1.500%, 09/30/24		33,000,000		32,222,695
1.500%, 10/31/24		15,650,000		15,268,531
1.750%, 12/31/24		52,891,000		51,829,048
2.875%, 05/31/25		17,750,000		17,931,661
Total U.S. Treasury & Government Agencies (Cost $115,942,846)				117,251,935
Short-Term Investments—29.6%
Repurchase Agreement—25.8%
Fixed Income Clearing Corp. Repurchase Agreement dated 03/31/22 at 0.000%, due on 04/01/22 with a maturity value of $221,427,469; collateralized by U.S. Treasury Notes with rates ranging from 0.125% - 0.375%, maturity dates ranging from 04/15/25 - 06/30/25, and an aggregate market value of $225,856,092.		221,427,469		221,427,469
U.S. Treasury—3.4%
U.S. Treasury Bill
0.990%, 09/29/22 (c)		10,000,000		9,949,379
0.037%, 04/21/22 (c)		19,298,000		19,296,686
				29,246,065
Foreign Government—0.4%
Thailand Treasury Bill
0.444%, 06/22/22(THB) (c)		42,740,000		1,283,986
0.488%, 06/22/22(THB) (c)		74,870,000		2,249,228
				3,533,214
Total Short-Term Investments (Cost $254,180,874)				254,206,748
Total Investments— 99.8% (Cost $953,965,361)				857,642,696
Other assets and liabilities (net)—0.2%				2,553,651
Net Assets—100.0%			$	860,196,347

*	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 March 31, 2022. 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.
(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 March 31, 2022, the market value of 144A securities was $31,303,812, which is 3.6% of net assets.

BHFTI-140

Brighthouse Funds Trust I

Brighthouse/Templeton International Bond Portfolio

Schedule of Investments as of March 31, 2022 (Unaudited)

Forward Foreign Currency Exchange Contracts

Contracts to Buy		Counterparty	Settlement Date		In Exchange for			Unrealized Appreciation/ (Depreciation)
CLP	1,631,452,324	JPMC		04/05/22		USD	1,885,745	$	187,449
CLP	751,930,914	GSBU		04/11/22		USD	931,761		22,842
CLP	2,691,900,000	JPMC		04/11/22		USD	3,210,376		207,085
CLP	107,410,000	GSBU		05/03/22		USD	132,080		3,719
CLP	259,190,000	GSBU		05/03/22		USD	316,665		11,029
CLP	1,085,083,960	GSBU		05/03/22		USD	1,340,023		31,848
CLP	1,432,820,185	GSBU		05/11/22		USD	1,806,425		2,770
CLP	906,130,000	GSBU		05/16/22		USD	1,123,046		20,215
CLP	964,409,183	GSBU		06/15/22		USD	1,200,410		10,556
CLP	1,993,112,311	GSBU		06/15/22		USD	2,405,107		97,556
CLP	2,337,957,934	GSBU		06/15/22		USD	2,843,193		92,477
CLP	2,697,170,000	JPMC		06/17/22		USD	3,266,921		118,647
CLP	1,631,452,324	JPMC		06/29/22		USD	2,035,753		7,934
CLP	1,496,812,255	GSBU		08/08/22		USD	1,783,405		79,093
CLP	1,631,447,676	JPMC		10/26/22		USD	1,968,446		36,621
CLP	973,750,000	GSBU		03/07/23		USD	1,152,913		24,025
CNH	19,700,000	BNP		05/10/22		USD	3,092,670		478
CNH	84,053,150	JPMC		05/11/22		USD	13,131,868		64,804
CNH	105,579,210	BOA		06/08/22		USD	16,344,745		206,157
CNH	36,460,080	BOA		06/09/22		USD	5,732,537		(17,216	)
CNH	136,122,730	CBNA		06/09/22		USD	21,073,914		264,083
CNH	52,239,590	JPMC		06/10/22		USD	8,090,981		97,483
CNH	60,796,230	HSBC		06/15/22		USD	9,553,147		(25,668	)
CNH	55,783,810	CBNA		07/12/22		USD	8,655,631		75,978
CNH	60,400,810	HSBC		07/18/22		USD	9,395,494		56,841
CNH	41,966,000	JPMC		08/22/22		USD	6,563,156		(3,657	)
INR	87,540,800	JPMC		04/07/22		USD	1,153,066		1,945
INR	85,052,900	CBNA		04/08/22		USD	1,122,811		(751	)
INR	113,234,200	JPMC		04/08/22		USD	1,492,477		1,364
INR	102,523,300	CBNA		04/12/22		USD	1,344,744		7,182
INR	102,619,900	HSBC		04/12/22		USD	1,343,720		9,480
INR	63,624,900	CBNA		05/10/22		USD	841,377		(4,819	)
INR	102,907,080	HSBC		05/17/22		USD	1,338,072		13,967
INR	321,000,000	JPMC		06/21/22		USD	4,128,856		72,904
INR	620,000,000	SCB		06/21/22		USD	8,022,878		92,671
INR	87,293,700	JPMC		07/27/22		USD	1,146,339		(7,963	)
KRW	19,365,700,000	CBNA		04/21/22		USD	16,249,119		(276,978	)
KRW	19,523,500,000	JPMC		06/15/22		USD	15,830,678		265,015
KRW	27,000,000,000	DBAG		07/28/22		USD	21,897,810		373,996
MXN	55,822,851	CBNA		04/13/22		USD	2,693,737		108,481
MXN	83,131,649	CBNA		04/13/22		USD	3,994,601		178,475
MXN	44,254,500	CBNA		05/31/22		USD	2,115,922		86,735
NZD	4,480,000	BOA		06/17/22		USD	3,003,392		97,605
NZD	5,280,000	CBNA		09/21/22		USD	3,592,998		53,988
NZD	20,030,000	JPMC		09/21/22		USD	13,657,856		177,207
SGD	2,790,000	MSCS		04/21/22		USD	2,070,731		(12,390	)
SGD	2,210,000	MSCS		04/25/22		USD	1,640,147		(9,729	)
SGD	7,200,000	CBNA		06/22/22		USD	5,301,134		11,198
Contracts to Deliver
AUD	22,223,000	HSBC		05/17/22		USD	15,862,266		(777,353	)
AUD	22,218,024	CBNA		08/08/22		USD	15,901,884		(762,644	)
AUD	22,494,000	JPMC		08/11/22		USD	16,103,425		(769,093	)
CLP	1,631,452,324	JPMC		04/05/22		USD	2,067,747		(5,447	)

BHFTI-141

Brighthouse Funds Trust I

Brighthouse/Templeton International Bond Portfolio

Schedule of Investments as of March 31, 2022 (Unaudited)

Forward Foreign Currency Exchange Contracts—(Continued)

Contracts to Deliver		Counterparty	Settlement Date		In Exchange for			Unrealized Appreciation/ (Depreciation)
EUR	4,839,649	DBAG		04/19/22		USD	5,618,736	$	262,567
EUR	4,050,000	HSBC		04/27/22		USD	4,738,095		254,770
EUR	23,038,000	CBNA		05/09/22		USD	26,711,179		1,197,604
EUR	8,120,622	HSBC		05/18/22		USD	9,260,189		263,614
EUR	16,780,000	CBNA		07/21/22		USD	19,188,014		538,891
EUR	14,145,000	CBNA		07/21/22		USD	16,215,614		495,004
EUR	3,710,000	CBNA		07/21/22		USD	4,346,161		222,904
EUR	8,349,000	MSCS		08/04/22		USD	9,500,578		213,993
MXN	138,954,500	CBNA		04/13/22		USD	6,642,185		(333,109	)
MXN	44,254,500	CBNA		05/31/22		USD	1,999,164		(203,492	)
Cross Currency Contracts to Buy
CAD	21,347,000	DBAG		05/03/22		EUR	14,941,946		529,307
CAD	2,084,754	HSBC		05/03/22		EUR	1,403,497		113,405
CAD	5,434,300	GSBU		05/24/22		EUR	3,769,500		169,129
CAD	1,289,781	MSCS		06/22/22		EUR	892,261		41,413
CAD	9,729,000	BOA		08/02/22		EUR	6,714,749		311,851
CAD	5,929,400	HSBC		08/02/22		EUR	4,098,527		183,186
CAD	8,338,963	HSBC		08/03/22		EUR	5,770,749		249,803
CAD	3,260,000	CBNA		08/03/22		EUR	2,269,052		83,132
CAD	2,084,736	HSBC		08/03/22		EUR	1,449,742		54,601
EUR	27,296,832	JPMC		04/01/22		NOK	269,111,275		(370,340	)
EUR	4,655,927	HSBC		04/25/22		JPY	609,081,240		148,745
EUR	4,050,000	HSBC		04/25/22		JPY	537,843,645		63,412
JPY	1,156,403,877	HSBC		04/25/22		EUR	8,705,927		(134,265	)
NOK	111,182,775	JPMC		04/01/22		EUR	10,872,136		601,583
NOK	107,704,000	JPMC		04/01/22		EUR	10,722,743		371,707
NOK	50,224,500	JPMC		04/01/22		EUR	5,000,212		173,351
NOK	28,842,600	DBAG		06/20/22		EUR	2,817,045		149,011
NOK	78,500,000	CBNA		06/21/22		EUR	7,624,098		452,810
NOK	71,630,000	DBAG		07/19/22		EUR	7,049,295		299,596
NOK	77,945,750	JPMC		07/19/22		EUR	7,906,451		64,191
NOK	38,458,900	DBAG		09/15/22		EUR	3,888,941		32,279
NOK	269,110,200	JPMC		09/19/22		EUR	27,059,305		390,212
NOK	77,930,000	JPMC		09/19/22		EUR	7,830,036		119,585
SEK	35,194,000	DBAG		04/14/22		EUR	3,472,277		(98,549	)
SEK	26,395,500	DBAG		04/19/22		EUR	2,630,501		(103,187	)
SEK	14,250,000	JPMC		05/18/22		EUR	1,349,841		21,535
SEK	30,712,100	DBAG		05/18/22		EUR	2,989,623		(42,658	)
SEK	37,516,293	DBAG		05/18/22		EUR	3,651,967		(52,109	)
SEK	70,387,997	DBAG		05/18/22		EUR	6,989,394		(250,187	)
SEK	30,676,200	DBAG		06/15/22		EUR	3,033,793		(96,848	)
SEK	197,100,000	DBAG		06/16/22		EUR	18,821,620		121,762
SEK	47,800,000	DBAG		06/16/22		EUR	4,564,597		29,481
SEK	21,996,000	DBAG		07/06/22		EUR	2,130,343		(20,312	)
SEK	26,395,500	DBAG		07/19/22		EUR	2,625,634		(102,033	)
SEK	92,400,000	DBAG		09/19/22		EUR	8,751,077		119,931
Net Unrealized Appreciation								$	7,135,471

Securities in the amount of $4,914,091 and cash in the amount of $260,000 have been received at the custodian bank as collateral for forward foreign currency exchange contracts.

BHFTI-142

Brighthouse Funds Trust I

Brighthouse/Templeton International Bond Portfolio

Schedule of Investments as of March 31, 2022 (Unaudited)

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
(THB)—	Thai Baht
(USD)—	United States Dollar

Index Abbreviations

(BADLAR)— Buenos Aires Deposits of Large Amount Rate Index

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 March 31, 2022:

Description	Level 1		Level 2			Level 3		Total
Total Foreign Government*	$	—	$	486,184,013		$	—	$	486,184,013
Total U.S. Treasury & Government Agencies*		—		117,251,935			—		117,251,935
Total Short-Term Investments*		—		254,206,748			—		254,206,748
Total Investments	$	—		857,642,696		$	—		857,642,696
Forward Contracts
Forward Foreign Currency Exchange Contracts (Unrealized Appreciation)	$	—	$	11,616,268		$	—	$	11,616,268
Forward Foreign Currency Exchange Contracts (Unrealized Depreciation)		—		(4,480,797	)		—		(4,480,797	)
Total Forward Contracts	$	—	$	7,135,471		$	—	$	7,135,471

* See Schedule of Investments for additional detailed categorizations.

BHFTI-143

Brighthouse Funds Trust I

Brighthouse/Wellington Large Cap Research Portfolio

Schedule of Investments as of March 31, 2022 (Unaudited)

Common Stocks—99.1% of Net Assets

Security Description	Shares		Value
Aerospace & Defense—2.1%
Boeing Co. (The) (a)		43,453	$	8,321,249
General Dynamics Corp.		63,380		15,285,988
L3Harris Technologies, Inc.		33,965		8,439,284
Raytheon Technologies Corp.		224,971		22,287,877
				54,334,398
Air Freight & Logistics—0.3%
FedEx Corp.		31,448		7,276,753
Airlines—0.3%
JetBlue Airways Corp. (a)		348,087		5,203,900
Southwest Airlines Co. (a) (b)		36,511		1,672,204
				6,876,104
Automobiles—1.0%
Tesla, Inc. (a) (b)		23,978		25,838,693
Banks—0.5%
PNC Financial Services Group, Inc. (The)		70,560		13,014,792
Beverages—1.2%
Constellation Brands, Inc. - Class A		104,924		24,166,096
Monster Beverage Corp. (a)		85,638		6,842,476
				31,008,572
Biotechnology—1.7%
Alnylam Pharmaceuticals, Inc. (a)		8,852		1,445,443
Apellis Pharmaceuticals, Inc. (a) (b)		15,759		800,715
Ascendis Pharma A/S (ADR) (a) (b)		12,641		1,483,548
BioAtla, Inc. (a) (b)		11,006		55,030
Biogen, Inc. (a)		15,076		3,175,006
Blueprint Medicines Corp. (a)		8,672		553,967
Celldex Therapeutics, Inc. (a) (b)		14,466		492,712
Exact Sciences Corp. (a) (b)		63,344		4,429,012
Genmab A/S (ADR) (a)		38,519		1,393,617
Horizon Therapeutics plc (a)		12,065		1,269,359
Incyte Corp. (a)		21,576		1,713,566
Kymera Therapeutics, Inc. (a) (b)		12,847		543,685
Mirati Therapeutics, Inc. (a) (b)		5,959		489,949
Moderna, Inc. (a) (b)		5,636		970,857
Myovant Sciences, Ltd. (a) (b)		221,779		2,954,096
Neurocrine Biosciences, Inc. (a)		8,165		765,469
Regeneron Pharmaceuticals, Inc. (a)		9,806		6,848,707
REVOLUTION Medicines, Inc. (a) (b)		18,281		466,348
Sarepta Therapeutics, Inc. (a)		8,483		662,692
Seagen, Inc. (a) (b)		15,919		2,293,132
United Therapeutics Corp. (a)		4,844		869,062
Veracyte, Inc. (a) (b)		91,614		2,525,798
Vertex Pharmaceuticals, Inc. (a)		31,872		8,317,636
				44,519,406
Building Products—1.0%
Johnson Controls International plc (b)		244,890		16,057,437
Trane Technologies plc		41,895		6,397,366
Building Products—(Continued)
Zurn Water Solutions Corp.		120,549	$	4,267,435
				26,722,238
Capital Markets—5.6%
Ares Management Corp. - Class A		303,207		24,629,505
Charles Schwab Corp. (The)		689,819		58,158,640
Hamilton Lane, Inc. - Class A (b)		93,691		7,241,377
Morgan Stanley		200,438		17,518,281
S&P Global, Inc. (b)		86,596		35,519,947
				143,067,750
Chemicals—2.7%
Cabot Corp. (b)		143,248		9,799,596
Celanese Corp.		71,127		10,161,914
FMC Corp. (b)		100,122		13,173,052
Ingevity Corp. (a) (b)		53,349		3,418,070
Linde plc		57,115		18,244,244
Livent Corp. (a) (b)		122,139		3,184,164
PPG Industries, Inc.		81,950		10,741,187
				68,722,227
Communications Equipment—0.6%
Arista Networks, Inc. (a)		103,208		14,343,848
Construction & Engineering—0.1%
Fluor Corp. (a) (b)		46,493		1,333,884
Consumer Finance—1.6%
American Express Co.		200,677		37,526,599
OneMain Holdings, Inc.		82,700		3,920,807
				41,447,406
Containers & Packaging—0.2%
Ball Corp. (b)		53,605		4,824,450
Diversified Financial Services—0.7%
Equitable Holdings, Inc.		479,341		14,816,431
Voya Financial, Inc. (b)		45,675		3,030,536
				17,846,967
Electric Utilities—3.2%
Constellation Energy Corp.		116,732		6,566,175
Duke Energy Corp.		208,183		23,245,714
Edison International (b)		237,059		16,617,836
Exelon Corp.		350,198		16,679,931
FirstEnergy Corp. (b)		440,153		20,185,416
				83,295,072
Electrical Equipment—0.2%
Emerson Electric Co. (b)		38,140		3,739,627
Regal Rexnord Corp. (b)		3,888		578,457
				4,318,084

BHFTI-144

Brighthouse Funds Trust I

Brighthouse/Wellington Large Cap Research Portfolio

Schedule of Investments as of March 31, 2022 (Unaudited)

Common Stocks—(Continued)

Security Description	Shares		Value
Energy Equipment & Services—0.3%
Schlumberger NV		222,607	$	9,195,895
Entertainment—1.0%
Electronic Arts, Inc.		74,494		9,424,236
Netflix, Inc. (a)		5,756		2,156,140
Roku, Inc. (a) (b)		107,809		13,505,233
				25,085,609
Equity Real Estate Investment Trusts—2.3%
American Tower Corp.		37,391		9,393,367
AvalonBay Communities, Inc.		41,831		10,389,565
Rexford Industrial Realty, Inc. (b)		189,867		14,162,180
Ryman Hospitality Properties, Inc. (a) (b)		101,205		9,388,788
Welltower, Inc. (b)		154,019		14,807,387
				58,141,287
Food & Staples Retailing—2.5%
Performance Food Group Co. (a)		865,142		44,044,379
Sysco Corp.		241,413		19,711,372
				63,755,751
Food Products—1.7%
Hershey Co. (The)		67,054		14,525,908
Mondelez International, Inc. - Class A		478,483		30,039,163
				44,565,071
Health Care Equipment & Supplies—3.1%
Align Technology, Inc. (a)		13,245		5,774,820
Baxter International, Inc.		130,535		10,121,684
Boston Scientific Corp. (a)		330,251		14,626,817
Edwards Lifesciences Corp. (a)		114,023		13,422,787
Inari Medical, Inc. (a) (b)		48,072		4,357,246
Insulet Corp. (a) (b)		26,240		6,990,074
Stryker Corp.		58,066		15,523,945
Teleflex, Inc.		28,765		10,206,685
				81,024,058
Health Care Providers & Services—3.6%
Agilon Health, Inc. (a) (b)		346,921		8,794,447
Anthem, Inc.		32,978		16,199,453
Centene Corp. (a) (b)		163,845		13,794,111
HCA Healthcare, Inc.		26,548		6,653,460
Humana, Inc.		51,814		22,547,898
Laboratory Corp. of America Holdings (a)		13,634		3,594,740
McKesson Corp. (b)		21,471		6,572,917
UnitedHealth Group, Inc.		28,546		14,557,604
				92,714,630
Hotels, Restaurants & Leisure—2.0%
Airbnb, Inc. - Class A (a) (b)		147,178		25,279,293
Hyatt Hotels Corp. - Class A (a)		72,969		6,964,891
Starbucks Corp.		203,863		18,545,417
				50,789,601
Industrial Conglomerates—0.6%
Honeywell International, Inc.		77,493	$	15,078,588
Insurance—3.0%
American International Group, Inc.		247,284		15,522,017
Assurant, Inc.		28,827		5,241,613
Assured Guaranty, Ltd. (b)		127,574		8,121,361
Chubb, Ltd.		83,089		17,772,737
Hartford Financial Services Group, Inc. (The)		119,310		8,567,651
Marsh & McLennan Cos., Inc.		73,601		12,543,083
Oscar Health, Inc. - Class A (a) (b)		195,960		1,953,721
Trupanion, Inc. (a) (b)		100,150		8,925,368
				78,647,551
Interactive Media & Services—7.3%
Alphabet, Inc. - Class A (a)		43,195		120,140,413
Bumble, Inc. - Class A (a) (b)		139,647		4,046,970
Cargurus, Inc. (a) (b)		245,435		10,421,170
Match Group, Inc. (a) (b)		79,968		8,695,721
Meta Platforms, Inc. - Class A (a)		162,127		36,050,560
Snap, Inc. - Class A (a) (b)		265,770		9,565,062
				188,919,896
Internet & Direct Marketing Retail—5.8%
Amazon.com, Inc. (a)		40,464		131,910,617
Etsy, Inc. (a) (b)		146,894		18,255,986
				150,166,603
IT Services—3.4%
Block, Inc. (a)		50,200		6,807,120
FleetCor Technologies, Inc. (a)		30,508		7,598,323
Genpact, Ltd. (b)		116,096		5,051,337
Global Payments, Inc.		169,398		23,180,422
GoDaddy, Inc. - Class A (a)		140,798		11,784,793
Nuvei Corp. (a)		84,334		6,357,940
Okta, Inc. (a)		9,319		1,406,796
PayPal Holdings, Inc. (a)		20,538		2,375,220
Snowflake, Inc. -Class A (a)		4,608		1,055,831
Visa, Inc. - Class A (b)		73,968		16,403,883
WEX, Inc. (a)		33,540		5,985,213
				88,006,878
Life Sciences Tools & Services—2.5%
Agilent Technologies, Inc. (b)		105,295		13,933,687
Danaher Corp.		99,156		29,085,430
ICON plc (a) (b)		12,799		3,112,973
NanoString Technologies, Inc. (a) (b)		124,144		4,314,004
Syneos Health, Inc. (a) (b)		87,976		7,121,657
Waters Corp. (a)		21,701		6,735,773
				64,303,524
Machinery—2.1%
Fortive Corp.		185,268		11,288,379
Ingersoll Rand, Inc.		192,298		9,682,204
Kennametal, Inc. (b)		152,911		4,374,784
PACCAR, Inc.		94,840		8,352,559

BHFTI-145

Brighthouse Funds Trust I

Brighthouse/Wellington Large Cap Research Portfolio

Schedule of Investments as of March 31, 2022 (Unaudited)

Common Stocks—(Continued)

Security Description	Shares		Value
Machinery—(Continued)
Parker-Hannifin Corp.		25,716	$	7,297,172
Westinghouse Air Brake Technologies Corp. (b)		138,748		13,343,395
				54,338,493
Media—2.9%
Charter Communications, Inc. - Class A (a) (b)		38,985		21,267,097
DISH Network Corp. - Class A (a) (b)		282,656		8,946,062
New York Times Co. (The) - Class A (b)		213,547		9,788,995
Omnicom Group, Inc. (b)		399,459		33,906,080
				73,908,234
Oil, Gas & Consumable Fuels—4.1%
ConocoPhillips		228,811		22,881,100
Marathon Petroleum Corp. (b)		123,887		10,592,338
Pioneer Natural Resources Co.		37,726		9,432,632
Shell plc (ADR)		1,121,563		61,607,456
				104,513,526
Pharmaceuticals—5.2%
Aclaris Therapeutics, Inc. (a) (b)		30,132		519,476
AstraZeneca plc (ADR) (b)		207,616		13,773,245
Bristol-Myers Squibb Co.		274,182		20,023,512
Elanco Animal Health, Inc. (a)		203,685		5,314,142
Eli Lilly and Co.		125,185		35,849,228
Intra-Cellular Therapies, Inc. (a)		60,834		3,722,433
Novartis AG (ADR)		89,140		7,822,035
Pfizer, Inc.		645,925		33,439,537
Zoetis, Inc.		68,209		12,863,535
				133,327,143
Professional Services—0.6%
CACI International, Inc. (a)		9,581		2,886,372
Science Applications International Corp. (b)		36,821		3,393,792
TriNet Group, Inc. (a)		88,414		8,696,401
				14,976,565
Road & Rail—0.7%
Canadian Pacific Railway, Ltd.		80,648		6,656,686
Uber Technologies, Inc. (a)		312,602		11,153,639
				17,810,325
Semiconductors & Semiconductor Equipment—4.7%
Advanced Micro Devices, Inc. (a)		219,563		24,007,019
KLA Corp.		32,623		11,941,975
Marvell Technology, Inc. (b)		185,479		13,300,699
Micron Technology, Inc.		215,342		16,772,988
NVIDIA Corp.		46,112		12,582,120
Taiwan Semiconductor Manufacturing Co., Ltd. (ADR)		25,241		2,631,627
Teradyne, Inc. (b)		103,023		12,180,409
Texas Instruments, Inc.		154,176		28,288,213
				121,705,050
Software—9.3%
Adobe, Inc. (a)		18,485		8,422,136
Avalara, Inc. (a) (b)		12,766		1,270,345
Ceridian HCM Holding, Inc. (a) (b)		61,309		4,191,083
Confluent, Inc. - Class A (a) (b)		11,941		489,581
Gitlab, Inc. - Class A (a)		9,387		511,122
Guidewire Software, Inc. (a) (b)		28,777		2,722,880
Hashicorp, Inc. - Class A (a) (b)		54,365		2,935,710
Microsoft Corp.		546,430		168,469,833
Palo Alto Networks, Inc. (a) (b)		4,330		2,695,468
Qualtrics International, Inc. - Class A (a)		84,685		2,417,757
Rapid7, Inc. (a) (b)		23,608		2,626,154
Salesforce.com, Inc. (a)		89,489		19,000,305
SentinelOne, Inc. - Class A (a)		39,682		1,537,281
ServiceNow, Inc. (a)		17,114		9,530,615
UiPath, Inc. - Class A (a)		66,033		1,425,652
Varonis Systems, Inc. (a) (b)		46,003		2,186,983
Workday, Inc. - Class A (a)		32,261		7,725,219
				238,158,124
Specialty Retail—1.8%
TJX Cos., Inc. (The)		364,233		22,065,235
Ulta Beauty, Inc. (a) (b)		58,941		23,471,485
				45,536,720
Technology Hardware, Storage & Peripherals—3.8%
Apple, Inc.		567,634		99,114,573
Tobacco—1.0%
Philip Morris International, Inc.		266,111		24,998,467
Wireless Telecommunication Services—0.8%
T-Mobile U.S., Inc. (a) (b)		161,869		20,775,886
Total Common Stocks (Cost $ 2,012,379,126)				2,548,348,692
Short-Term Investment—1.0%
Repurchase Agreement—1.0%
Fixed Income Clearing Corp. Repurchase Agreement dated 03/31/22 at 0.000%, due on 04/01/22 with a maturity value of $25,285,356; collateralized by U.S. Treasury Note at 0.125%, maturing 10/15/25, with a market value of $25,791,149.		25,285,356		25,285,356
Total Short-Term Investments (Cost $ 25,285,356)				25,285,356
Securities Lending Reinvestments (c)—14.6%
Certificates of Deposit—5.0%
Bank of Montreal 0.300%, 06/02/22		6,000,000		5,995,596
Bank of Nova Scotia 0.320%, 06/07/22		8,000,000		7,993,472
0.400%, SOFR + 0.130%, 07/07/22 (d)		2,000,000		2,000,000

BHFTI-146

Brighthouse Funds Trust I

Brighthouse/Wellington Large Cap Research Portfolio

Schedule of Investments as of March 31, 2022 (Unaudited)

Securities Lending Reinvestments (c)—(Continued)

Security Description	Principal Amount*		Value
Certificates of Deposit—(Continued)
Barclays Bank plc 0.180%, 04/07/22		10,000,000	$	9,999,630
BNP Paribas S.A. 0.490%, SOFR + 0.220%, 11/17/22 (d)		2,000,000		1,997,184
Canadian Imperial Bank of Commerce (NY)
0.520%, SOFR + 0.250%, 02/03/23 (d)		3,000,000		2,995,546
0.770%, SOFR + 0.500%, 03/03/23 (d)		5,000,000		5,003,176
Cooperatieve Rabobank UA 0.840%, SOFR + 0.570%, 09/19/22 (d)		5,000,000		5,000,000
Credit Agricole S.A. 0.590%, 05/24/22		5,000,000		4,999,400
Credit Industriel et Commercial Zero Coupon, 04/14/22		6,000,000		5,998,980
Credit Industriel et Commercial (NY) 0.480%, SOFR + 0.210%, 11/08/22 (d)		3,000,000		2,994,465
Credit Suisse Group AG 0.830%, 06/03/22		6,000,000		6,001,104
Goldman Sachs Bank USA 0.470%, SOFR + 0.190%, 09/02/22 (d)		9,000,000		8,988,534
National Australia Bank, Ltd. Zero Coupon, 04/25/22	2,500,000		2,499,100
National Westminster Bank plc 0.440%, 05/11/22		5,000,000		4,999,100
Natixis S.A. (New York) 0.330%, 06/09/22		2,000,000		1,998,308
Nordea Bank Abp. 0.720%, SOFR + 0.450%, 08/30/22 (d)		3,000,000		2,999,994
Oversea-Chinese Banking Corp., Ltd. Zero Coupon, 04/14/22		1,500,000		1,499,745
0.720%, SOFR + 0.440%, 09/26/22 (d)		7,000,000		7,001,395
Royal Bank of Canada 0.520%, SOFR + 0.250%, 01/11/23 (d)		7,000,000		6,983,634
Sumitomo Mitsui Banking Corp.
0.200%, 04/26/22		6,000,000		5,998,644
0.450%, SOFR + 0.180%, 08/09/22 (d)		3,000,000		2,997,069
0.720%, SOFR + 0.450%, 09/06/22 (d)		3,000,000		2,999,790
Sumitomo Mitsui Trust Bank, Ltd. Zero Coupon, 04/19/22	3,000,000		2,999,250
Toronto-Dominion Bank (The) 0.530%, SOFR + 0.250%, 02/09/23 (d)		3,000,000		2,999,999
0.820%, FEDEFF PRV + 0.490%, 12/23/22 (d)		5,000,000		4,998,520
Westpac Banking Corp. 0.500%, SOFR + 0.230%, 02/17/23 (d)		8,000,000		7,974,984
				128,916,619
Commercial Paper—0.4%
Antalis S.A. 0.800%, 06/01/22		5,000,000		4,991,965
UBS AG 0.350%, 06/08/22		5,000,000		4,992,480
				9,984,445
Repurchase Agreements—7.0%
Barclays Bank plc Repurchase Agreement dated 03/31/22 at 0.600%, due on 05/05/22 with a maturity value of $2,001,167; collateralized by various Common Stock with an aggregate market value of $2,222,914.		2,000,000		2,000,000
BofA Securities, Inc. Repurchase Agreement dated 03/31/22 at 0.600%, due on 04/18/22 with a maturity value of $1,600,480; collateralized by U.S. Treasury Obligations with rates ranging from 0.000% - 2.250%, maturity dates ranging from 07/21/22 - 08/15/49, and various Common Stock with an aggregate market value of $1,693,471.		1,600,000		1,600,000
Repurchase Agreement dated 03/31/22 at 0.600%, due on 05/05/22 with a maturity value of $2,401,400; collateralized by U.S. Treasury Obligations with rates ranging from 0.000% - 7.500%, maturity dates ranging from 04/21/22 - 08/15/51, and various Common Stock with an aggregate market value of $2,524,537.		2,400,000		2,400,000
Cantor Fitzgerald & Co. Repurchase Agreement dated 03/31/22 at 0.290%, due on 04/01/22 with a maturity value of $5,000,040; collateralized by U.S. Treasury and U.S. Government Agency Obligations with rates ranging from 0.125% - 8.000%, maturity dates ranging from 09/15/22 - 07/20/71, and an aggregate market value of $5,100,000.		5,000,000		5,000,000
Citigroup Global Markets, Inc. Repurchase Agreement dated 03/31/22 at 0.620%, due on 05/05/22 with a maturity value of $5,003,014; collateralized by U.S. Treasury Obligations with rates ranging from 0.000% - 3.875%, maturity dates ranging from 04/21/22 - 05/15/51, and various Common Stock with an aggregate market value of $5,350,305.		5,000,000		5,000,000
Citigroup Global Markets, Ltd. Repurchase Agreement dated 03/31/22 at 0.300%, due on 04/01/22 with a maturity value of $3,900,033; collateralized by U.S. Treasury and Foreign Obligations with rates ranging from 0.125% - 2.875%, maturity dates ranging from 08/15/23 - 02/15/51, and an aggregate market value of $3,978,001.		3,900,000		3,900,000
ING Financial Markets LLC Repurchase Agreement dated 03/31/22 at 0.260%, due on 04/01/22 with a maturity value of $30,159,959; collateralized by U.S. Treasury Obligations at 0.000%, maturity dates ranging from 05/10/22 - 08/11/22, and an aggregate market value of $30,762,948.		30,159,741		30,159,741
National Bank Financial, Inc. Repurchase Agreement dated 03/31/22 at 0.320%, due on 04/01/22 with a maturity value of $10,000,089; collateralized by U.S. Treasury Obligations with rates ranging from 0.125% - 3.000%, maturity dates ranging from 06/30/22 - 02/15/49, and an aggregate market value of $10,205,689.		10,000,000		10,000,000

BHFTI-147

Brighthouse Funds Trust I

Brighthouse/Wellington Large Cap Research Portfolio

Schedule of Investments as of March 31, 2022 (Unaudited)

Securities Lending Reinvestments (c)—(Continued)

Security Description	Principal Amount*		Value
Repurchase Agreements —(Continued)
National Bank of Canada Repurchase Agreement dated 03/31/22 at 0.450%, due on 04/07/22 with a maturity value of $23,102,021; collateralized by U.S. Treasury Obligations with rates ranging from 0.500% - 3.000%, maturity dates ranging from 11/30/23 - 08/15/48, and various Common Stock with an aggregate market value of $25,543,950.		23,100,000	$	23,100,000
NBC Global Finance, Ltd. Repurchase Agreement dated 03/31/22 at 0.440%, due on 04/01/22 with a maturity value of $10,000,122; collateralized by U.S. Treasury Obligations with rates ranging from 0.125% - 4.750%, maturity dates ranging from 05/15/24 - 02/15/50, and various Common Stock with an aggregate market value of $11,103,766.		10,000,000		10,000,000
Repurchase Agreement dated 03/31/22 at 0.485%, due on 04/07/22 with a maturity value of $20,002; collateralized by U.S. Treasury Obligations with rates ranging from 0.125% - 4.750%, maturity dates ranging from 05/15/24 - 02/15/50, and various Common Stock with an aggregate market value of $22,208.		20,000		20,000
Royal Bank of Canada Toronto Repurchase Agreement dated 03/31/22 at 0.570%, due on 05/05/22 with a maturity value of $3,001,663; collateralized by various Common Stock with an aggregate market value of $3,333,386.		3,000,000		3,000,000
Societe Generale Repurchase Agreement dated 03/31/22 at 0.300%, due on 04/01/22 with a maturity value of $10,000,083; collateralized by U.S. Treasury Obligations with rates ranging from 0.125% - 3.000%, maturity dates ranging from 04/30/22 - 02/15/49, and an aggregate market value of $10,200,767.		10,000,000		10,000,000
Repurchase Agreement dated 03/31/22 at 0.360%, due on 04/01/22 with a maturity value of $15,000,150; collateralized by various Common Stock with an aggregate market value of $16,668,044.		15,000,000		15,000,000
Repurchase Agreement dated 03/31/22 at 0.380%, due on 04/01/22 with a maturity value of $7,600,080; collateralized by various Common Stock with an aggregate market value of $8,445,142.		7,600,000		7,600,000
Repurchase Agreement dated 03/31/22 at 0.410%, due on 04/01/22 with a maturity value of $20,000,228; collateralized by various Common Stock with an aggregate market value of $22,225,794.		20,000,000		20,000,000
Repurchase Agreement dated 03/31/22 at 0.420%, due on 04/07/22 with a maturity value of $4,700,384; collateralized by various Common Stock with an aggregate market value of $5,223,062.		4,700,000		4,700,000
TD Prime Services LLC Repurchase Agreement dated 03/31/22 at 0.400%, due on 04/01/22 with a maturity value of $28,000,311; collateralized by various Common Stock with an aggregate market value of $31,641,201.		28,000,000		28,000,000
				181,479,741
Security Description	Shares/ Principal Amount*		Value
Time Deposits—1.0%
DZ Bank AG (NY) 0.300%, 04/01/22		2,000,000		2,000,000
First Abu Dhabi Bank USA NV 0.310%, 04/01/22		7,000,000		7,000,000
Jyske Bank A/S 0.750%, 04/11/22		3,000,000		3,000,000
National Bank of Canada 0.370%, OBFR + 0.050%, 04/07/22 (d)		10,000,000		10,000,000
Skandi (NY) 0.300%, 04/01/22		5,000,000		5,000,000
				27,000,000
Mutual Funds—1.2%
Goldman Sachs Financial Square Government Fund, Institutional Shares 0.250% (e)		10,000,000		10,000,000
STIT-Government & Agency Portfolio, Institutional Class 0.250% (e)		20,000,000		20,000,000
				30,000,000
Total Securities Lending Reinvestments (Cost $ 377,468,609)				377,380,805
Total Investments—114.7% (Cost $ 2,415,133,091)				2,951,014,853
Other assets and liabilities (net)—(14.7)%				(378,748,756	)
Net Assets—100.0%			$	2,572,266,097

*	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 March 31, 2022, the market value of securities loaned was $364,422,765 and the collateral received consisted of cash in the amount of $377,449,180 and non-cash collateral with a value of $1,164,399. 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 March 31, 2022.
(d)	Variable or floating rate security. The stated rate represents the rate at March 31, 2022. 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 March 31, 2022.

BHFTI-148

Brighthouse Funds Trust I

Brighthouse/Wellington Large Cap Research Portfolio

Glossary of Abbreviations

Index Abbreviations

(FEDEFF PRV)—	Effective Federal Funds Rate
(OBFR)—	U.S. Overnight Bank Funding Rate
(SOFR)—	Secured Overnight Financing 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 March 31, 2022:

Description	Level 1		Level 2			Level 3		Total
Total Common Stocks*	$	2,548,348,692	$	—		$	—	$	2,548,348,692
Total Short-Term Investment*		—		25,285,356			—		25,285,356
Securities Lending Reinvestments
Certificates of Deposit		—		128,916,619			—		128,916,619
Commercial Paper		—		9,984,445			—		9,984,445
Repurchase Agreements		—		181,479,741			—		181,479,741
Time Deposits		—		27,000,000			—		27,000,000
Mutual Funds		30,000,000		—			—		30,000,000
Total Securities Lending Reinvestments		30,000,000		347,380,805			—		377,380,805
Total Investments	$	2,578,348,692	$	372,666,161		$	—	$	2,951,014,853
Collateral for Securities Loaned (Liability)	$	—	$	(377,449,180	)	$	—	$	(377,449,180	)

* See Schedule of Investments for additional detailed categorizations.

BHFTI-149

Brighthouse Funds Trust I

CBRE Global Real Estate Portfolio

Schedule of Investments as of March 31, 2022 (Unaudited)

Common Stocks—99.3% of Net Assets

Security Description	Shares		Value
Australia—4.5%
Charter Hall Group (REIT)		661,218	$	8,028,093
Dexus (REIT)		1,460,188		11,883,316
Goodman Group (REIT)		300,855		5,109,951
GPT Group (The) (REIT)		2,932,242		11,279,061
Scentre Group (REIT)		5,735,142		12,988,183
Shopping Centres Australasia Property Group (REIT)		3,141,416		6,810,226
				56,098,830
Belgium—1.3%
Montea CVA (REIT) (a)		34,097		4,439,449
Shurgard Self Storage S.A.		118,821		7,377,829
Warehouses De Pauw CVA (REIT)		87,159		3,755,779
				15,573,057
Canada—2.9%
Boardwalk Real Estate Investment Trust (REIT) (b)		144,097		6,776,357
H&R Real Estate Investment Trust (REIT) (b)		713,185		7,444,758
RioCan Real Estate Investment Trust (REIT)		508,782		10,268,024
Summit Industrial Income REIT (b)		120,257		2,118,193
Tricon Residential, Inc.		611,785		9,715,146
				36,322,478
China—0.5%
ESR Cayman, Ltd. (a)		1,890,009		5,851,097
France—2.0%
ICADE (REIT)		86,099		5,532,286
Klepierre S.A. (REIT)		462,209		12,289,254
Unibail-Rodamco-Westfield (REIT) (a)		92,171		6,895,549
				24,717,089
Germany—4.1%
Aroundtown S.A.		1,618,277		9,295,706
Deutsche Euroshop AG (a)		251,338		4,642,847
Grand City Properties S.A. (a)		240,337		4,810,787
LEG Immobilien AG		129,772		14,820,224
Vonovia SE		352,019		16,459,429
				50,028,993
Hong Kong—5.1%
CK Asset Holdings, Ltd.		1,754,887		11,994,162
Kerry Properties, Ltd.		2,193,323		6,180,749
Link REIT (REIT)		2,020,593		17,222,311
New World Development Co., Ltd.		2,442,903		9,919,452
Sino Land Co., Ltd.		7,363,333		9,506,603
Swire Properties, Ltd.		3,531,148		8,755,011
				63,578,288
Japan—9.3%
Activia Properties, Inc. (REIT)		2,836		9,877,856
AEON REIT Investment Corp. (REIT)		4,348		5,374,256
Daiwa Office Investment Corp. (REIT)		1,046		6,493,721
Hulic Co., Ltd.		797,495		7,160,449
Japan Hotel REIT Investment Corp. (REIT)		16,469		8,397,601
Japan—(Continued)
Japan Metropolitan Fund Investment Corp. (REIT)		10,945		9,248,564
Kenedix Office Investment Corp. (REIT)		1,702		10,195,353
Kenedix Residential Next Investment Corp. (REIT)		3,552		6,218,106
Kenedix Retail REIT Corp. (REIT)		1,524		3,490,636
LaSalle Logiport (REIT)		10,666		15,341,484
Mitsui Fudosan Co., Ltd.		404,057		8,644,795
Orix JREIT, Inc. (REIT)		7,756		10,514,685
Tokyu Fudosan Holdings Corp.		2,510,483		13,779,187
				114,736,693
Singapore—3.7%
Ascendas Real Estate Investment Trust (REIT)		6,815,490		14,696,984
CapitaLand Mall Trust (REIT)		6,820,735		11,295,582
Keppel REIT (REIT)		6,116,583		5,487,202
Lendlease Global Commercial REIT		10,915,420		6,232,642
Suntec Real Estate Investment Trust (REIT)		6,042,404		7,775,315
				45,487,725
Spain—0.8%
Merlin Properties Socimi S.A. (REIT) (a)		823,414		9,556,928
Sweden—1.9%
Castellum AB (b)		433,383		10,688,544
Catena AB		150,193		9,084,232
Hufvudstaden AB - A Shares		271,630		3,834,344
				23,607,120
United Kingdom—3.6%
Big Yellow Group plc (REIT)		309,098		6,220,458
Land Securities Group plc (REIT)		1,124,794		11,547,200
NewRiver REIT plc		2,431,447		2,722,245
Safestore Holdings plc (REIT)		321,342		5,639,922
Segro plc (REIT)		522,533		9,204,986
Tritax Big Box REIT plc (REIT)		2,855,889		9,038,711
				44,373,522
United States—59.6%
Alexandria Real Estate Equities, Inc. (REIT) (b)		113,438		22,829,398
American Campus Communities, Inc. (REIT)		326,889		18,295,977
Apartment Income REIT Corp. (REIT)		165,987		8,873,665
AvalonBay Communities, Inc. (REIT)		127,736		31,725,790
Camden Property Trust (REIT)		108,837		18,088,709
Crown Castle International Corp. (REIT)		134,418		24,813,563
CubeSmart (REIT)		539,017		28,045,055
DiamondRock Hospitality Co. (REIT) (a)		595,565		6,015,207
Duke Realty Corp. (REIT)		422,895		24,553,284
Equinix, Inc. (REIT)		58,902		43,682,901
Essex Property Trust, Inc. (REIT)		65,066		22,479,002
Extra Space Storage, Inc. (REIT)		246,564		50,693,558
Healthcare Trust of America, Inc. (REIT) - Class A		526,227		16,491,954
Host Hotels & Resorts, Inc. (REIT) (b)		622,537		12,095,894
Hudson Pacific Properties, Inc. (REIT) (b)		201,579		5,593,817
Invitation Homes, Inc. (REIT)		824,777		33,139,540
Life Storage, Inc. (REIT)		206,514		29,000,761

BHFTI-150

Brighthouse Funds Trust I

CBRE Global Real Estate Portfolio

Schedule of Investments as of March 31, 2022 (Unaudited)

Common Stocks—(Continued)

Security Description	Shares/ Principal Amount*		Value
United States—(Continued)
National Retail Properties, Inc. (REIT) (b)		236,696	$	10,637,118
Park Hotels & Resorts, Inc. (REIT)		285,739		5,580,483
Pebblebrook Hotel Trust (REIT) (b)		421,844		10,326,741
Piedmont Office Realty Trust, Inc. (REIT) - Class A		324,315		5,584,704
Prologis, Inc. (REIT)		576,873		93,153,452
Realty Income Corp. (REIT)		771,914		53,493,640
Regency Centers Corp. (REIT)		296,352		21,141,752
Simon Property Group, Inc. (REIT)		454,409		59,782,048
Spirit Realty Capital, Inc. (REIT) (b)		341,037		15,694,523
Sun Communities, Inc. (REIT)		133,520		23,404,721
Sunstone Hotel Investors, Inc. (REIT) (a)		677,123		7,976,509
Welltower, Inc. (REIT) (b)		346,525		33,314,913
				736,508,679
Total Common Stocks (Cost $1,081,011,578)				1,226,440,499
Short-Term Investment—0.6%
Repurchase Agreement—0.6%
Fixed Income Clearing Corp. Repurchase Agreement dated 03/31/22 at 0.000%, due on 04/01/22 with a maturity value of $7,226,703; collateralized by U.S. Treasury Note at 0.125%, maturing 04/15/25, with a market value of $7,371,266.		7,226,703		7,226,703
Total Short-Term Investments (Cost $7,226,703)				7,226,703
Securities Lending Reinvestments (c)—5.2%
Certificates of Deposit—0.4%
Barclays Bank plc 0.180%, 04/07/22		2,000,000		1,999,926
Goldman Sachs Bank USA 0.470%, SOFR + 0.190%, 09/02/22 (d)		1,000,000		998,726
Oversea-Chinese Banking Corp., Ltd.
Zero Coupon, 04/14/22		600,000		599,898
0.720%, SOFR + 0.440%, 09/26/22 (d)		1,000,000		1,000,199
Sumitomo Mitsui Banking Corp. 0.720%, SOFR + 0.450%, 09/06/22 (d)		1,000,000		999,930
				5,598,679
Repurchase Agreements—3.9%
Barclays Bank plc Repurchase Agreement dated 03/31/22 at 0.600%, due on 05/05/22 with a maturity value of $3,001,750; collateralized by various Common Stock with an aggregate market value of $3,334,370.		3,000,000		3,000,000
Barclays Capital, Inc. Repurchase Agreement dated 03/31/22 at 0.240%, due on 04/01/22 with a maturity value of $12,681,188; collateralized by U.S. Treasury Obligations at 0.000%, maturity dates ranging from 02/15/37 - 11/15/48, and an aggregate market value of $12,934,725.		12,681,103		12,681,103
Repurchase Agreements—(Continued)
BofA Securities, Inc.
Repurchase Agreement dated 03/31/22 at 0.600%, due on 04/18/22 with a maturity value of $800,240; collateralized by U.S. Treasury Obligations with rates ranging from 0.000% - 2.250%, maturity dates ranging from 07/21/22 - 08/15/49, and various Common Stock with an aggregate market value of $846,736.		800,000		800,000
Repurchase Agreement dated 03/31/22 at 0.600%, due on 05/05/22 with a maturity value of $1,200,700; collateralized by U.S. Treasury Obligations with rates ranging from 0.000% - 7.500%, maturity dates ranging from 04/21/22 - 08/15/51, and various Common Stock with an aggregate market value of $1,262,268.		1,200,000		1,200,000
Cantor Fitzgerald & Co. Repurchase Agreement dated 03/31/22 at 0.290%, due on 04/01/22 with a maturity value of $10,000,081; collateralized by U.S. Treasury and U.S. Government Agency Obligations with rates ranging from 0.125% - 8.000%, maturity dates ranging from 09/15/22 - 07/20/71, and an aggregate market value of $10,200,000.		10,000,000		10,000,000
Citigroup Global Markets, Inc. Repurchase Agreement dated 03/31/22 at 0.620%, due on 05/05/22 with a maturity value of $2,001,206; collateralized by U.S. Treasury Obligations with rates ranging from 1.375% - 4.375%, maturity dates ranging from 02/15/39 - 05/15/47, and various Common Stock with an aggregate market value of $2,040,269.		2,000,000		2,000,000
Citigroup Global Markets, Ltd. Repurchase Agreement dated 03/31/22 at 0.300%, due on 04/01/22 with a maturity value of $2,000,017; collateralized by U.S. Treasury and Foreign Obligations with rates ranging from 0.125% - 2.875%, maturity dates ranging from 08/15/23 - 02/15/51, and an aggregate market value of $2,040,001.		2,000,000		2,000,000
National Bank Financial Inc. Repurchase Agreement dated 03/31/22 at 0.320%, due on 04/01/22 with a maturity value of $5,000,044; collateralized by U.S. Treasury Obligations with rates ranging from 0.125% - 3.000%, maturity dates ranging from 06/30/22 - 02/15/49, and an aggregate market value of $5,102,844.		5,000,000		5,000,000
National Bank of Canada
Repurchase Agreement dated 03/31/22 at 0.320%, due on 04/07/22 with a maturity value of $3,900,243; collateralized by U.S. Treasury Obligations with rates ranging from 0.000% - 4.500%, maturity dates ranging from 04/14/22 - 08/15/51, and an aggregate market value of $3,980,219.		3,900,000		3,900,000
Repurchase Agreement dated 03/31/22 at 0.450%, due on 04/07/22 with a maturity value of $3,000,263; collateralized by U.S. Treasury Obligations with rates ranging from 0.500% - 3.000%, maturity dates ranging from 11/30/23 - 08/15/48, and various Common Stock with an aggregate market value of $3,317,396.		3,000,000		3,000,000

BHFTI-151

Brighthouse Funds Trust I

CBRE Global Real Estate Portfolio

Schedule of Investments as of March 31, 2022 (Unaudited)

Securities Lending Reinvestments (c)—(Continued)

Security Description	Shares/ Principal Amount*		Value
Repurchase Agreements—(Continued)
NBC Global Finance, Ltd. Repurchase Agreement dated 03/31/22 at 0.440%, due on 04/01/22 with a maturity value of $2,000,024; collateralized by U.S. Treasury Obligations with rates ranging from 0.125% - 4.750%, maturity dates ranging from 05/15/24 - 02/15/50, and various Common Stock with an aggregate market value of $2,220,753.		2,000,000	$	2,000,000
Societe Generale
Repurchase Agreement dated 03/31/22 at 0.360%, due on 04/01/22 with a maturity value of $600,006; collateralized by various Common Stock with an aggregate market value of $666,722.		600,000		600,000
Repurchase Agreement dated 03/31/22 at 0.380%, due on 04/01/22 with a maturity value of $1,100,012; collateralized by various Common Stock with an aggregate market value of $1,222,323.		1,100,000		1,100,000
Repurchase Agreement dated 03/31/22 at 0.410%, due on 04/01/22 with a maturity value of $500,006; collateralized by various Common Stock with an aggregate market value of $555,645.		500,000		500,000
Repurchase Agreement dated 03/31/22 at 0.420%, due on 04/07/22 with a maturity value of $800,065; collateralized by various Common Stock with an aggregate market value of $889,032.		800,000		800,000
				48,581,103
Time Deposits—0.4%
DZ Bank AG (NY) 0.300%, 04/01/22		2,000,000		2,000,000
Skandi (NY) 0.300%, 04/01/22		1,000,000		1,000,000
Svenska (NY) 0.260%, 04/01/22		2,000,000		2,000,000
				5,000,000
Mutual Funds—0.5%
BlackRock Liquidity Funds FedFund, Institutional Shares 0.230% (e)		2,000,000		2,000,000
Mutual Funds—(Continued)
Fidelity Government Portfolio, Institutional Class  0.160% (e)		2,000,000		2,000,000
Morgan Stanley Liquidity Funds Government Portfolio, Institutional Shares 0.230% (e)		2,000,000		2,000,000
				6,000,000
Total Securities Lending Reinvestments (Cost $65,181,069)				65,179,782
Total Investments—105.1% (Cost $1,153,419,350)				1,298,846,984
Other assets and liabilities (net)—(5.1)%				(63,226,686	)
Net Assets—100.0%			$	1,235,620,298

*	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 March 31, 2022, the market value of securities loaned was $62,587,026 and the collateral received consisted of cash in the amount of $65,180,633. 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 March 31, 2022.
(d)	Variable or floating rate security. The stated rate represents the rate at March 31, 2022. 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 March 31, 2022.

Ten Largest Industries as of March 31, 2022 (Unaudited)	% of Net Assets
Retail REIT’s		20.7
Specialized REIT’s		15.2
Industrial REIT’s		14.7
Residential REIT’s		13.7
Real Estate Operating Companies		8.6
Office REIT’s		6.4
Diversified REIT’s		5.7
Hotel & Resort REITs		4.1
Health Care REITs		4.0
Diversified Real Estate Activities		3.6

Glossary of Abbreviations

Index Abbreviations

(SOFR)— Secured Overnight Financing Rate

Other Abbreviations

(REIT)— Real Estate Investment Trust

BHFTI-152

Brighthouse Funds Trust I

CBRE Global Real Estate Portfolio

Schedule of Investments as of March 31, 2022 (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 March 31, 2022:

Description	Level 1		Level 2			Level 3		Total
Common Stocks
Australia	$	—	$	56,098,830		$	—	$	56,098,830
Belgium		—		15,573,057			—		15,573,057
Canada		36,322,478		—			—		36,322,478
China		—		5,851,097			—		5,851,097
France		—		24,717,089			—		24,717,089
Germany		—		50,028,993			—		50,028,993
Hong Kong		—		63,578,288			—		63,578,288
Japan		—		114,736,693			—		114,736,693
Singapore		—		45,487,725			—		45,487,725
Spain		—		9,556,928			—		9,556,928
Sweden		—		23,607,120			—		23,607,120
United Kingdom		—		44,373,522			—		44,373,522
United States		736,508,679		—			—		736,508,679
Total Common Stocks		772,831,157		453,609,342			—		1,226,440,499
Total Short-Term Investment*		—		7,226,703			—		7,226,703
Securities Lending Reinvestments
Certificates of Deposit		—		5,598,679			—		5,598,679
Repurchase Agreements		—		48,581,103			—		48,581,103
Time Deposits		—		5,000,000			—		5,000,000
Mutual Funds		6,000,000		—			—		6,000,000
Total Securities Lending Reinvestments		6,000,000		59,179,782			—		65,179,782
Total Investments	$	778,831,157	$	520,015,827		$	—	$	1,298,846,984
Collateral for Securities Loaned (Liability)	$	—	$	(65,180,633	)	$	—	$	(65,180,633	)

* See Schedule of Investments for additional detailed categorizations.

BHFTI-153

Brighthouse Funds Trust I

Harris Oakmark International Portfolio

Schedule of Investments as of March 31, 2022 (Unaudited)

Common Stocks—95.4% of Net Assets

Security Description	Shares		Value
Australia—2.2%
Brambles, Ltd.		3,288,200	$	24,247,434
Orica, Ltd.		2,821,059		33,408,579
				57,656,013
Belgium—1.9%
Anheuser-Busch InBev S.A.		839,300		50,340,637
Canada—2.2%
Open Text Corp. (a)		786,600		33,354,130
Restaurant Brands International, Inc.		424,320		24,776,045
				58,130,175
China—6.4%
Alibaba Group Holding, Ltd. (b)		4,693,600		64,242,627
Prosus NV		1,232,903		65,266,616
Trip.com Group, Ltd. (b)		414,100		9,754,417
Vipshop Holdings, Ltd. (ADR) (b)		3,191,100		28,719,900
				167,983,560
Finland—0.7%
UPM-Kymmene Oyj		568,100		18,537,449
France—12.1%
Accor S.A. (b)		1,581,590		50,684,529
BNP Paribas S.A.		1,393,375		79,334,930
Capgemini SE		96,230		21,405,710
Danone S.A.		626,100		34,490,518
Edenred		150,000		7,415,337
Publicis Groupe S.A.		736,554		44,743,062
Valeo		1,537,900		28,255,571
Worldline S.A. (b)		1,199,200		51,989,150
				318,318,807
Germany—26.2%
adidas AG		101,500		23,701,903
Allianz SE		355,900		84,986,939
Bayer AG		1,469,960		100,570,552
Bayerische Motoren Werke AG		810,507		70,201,492
Continental AG (b)		824,690		59,485,804
Daimler Truck Holding AG (b)		1,324,470		36,795,148
Fresenius Medical Care AG & Co. KGaA (a)		778,100		52,181,370
Fresenius SE & Co. KGaA		1,266,300		46,594,973
Henkel AG & Co. KGaA		509,809		33,791,872
Mercedes-Benz Group AG		1,003,893		70,510,067
SAP SE		430,200		48,003,139
Siemens AG		161,000		22,308,514
ThyssenKrupp AG (b)		4,680,300		40,318,225
Vitesco Technologies Group AG (b)		32,061		1,272,412
				690,722,410
Indonesia—0.1%
Bank Mandiri Persero Tbk PT		6,939,900		3,807,960
Ireland—1.4%
Ryanair Holdings plc (ADR) (a) (b)		425,970		37,110,506
Italy—3.2%
Intesa Sanpaolo S.p.A.		35,827,000		81,890,054
Intesa Sanpaolo S.p.A.		403,400		928,092
Iveco Group NV (b)		364,540		2,368,742
				85,186,888
Japan—1.7%
Komatsu, Ltd.		845,500		20,288,344
Toyota Motor Corp. (a)		1,305,100		23,378,918
				43,667,262
Mexico—1.2%
Grupo Televisa S.A.B. (ADR)		2,764,708		32,347,084
Netherlands—2.6%
EXOR NV		719,152		54,851,198
Koninklijke Philips NV		478,800		14,647,923
				69,499,121
South Korea—1.6%
NAVER Corp.		154,800		43,285,679
Spain—1.5%
Amadeus IT Group S.A. (b)		589,800		38,417,215
Sweden—4.3%
H & M Hennes & Mauritz AB - B Shares (a)		3,089,100		41,254,054
SKF AB - B Shares (a)		2,331,390		37,896,517
Volvo AB - B Shares (a)		1,798,991		33,553,892
				112,704,463
Switzerland—11.1%
Cie Financiere Richemont S.A. - Class A		44,147		5,599,981
Credit Suisse Group AG		9,018,734		71,158,821
Glencore plc (b)		10,799,065		70,180,630
Holcim, Ltd. (b)		1,138,248		55,571,083
Novartis AG		563,800		49,446,085
Roche Holding AG		39,500		15,621,275
Swatch Group AG (The) - Bearer Shares		84,780		24,090,980
				291,668,855
United Kingdom—15.0%
CNH Industrial NV (a)		3,501,100		55,436,687
Compass Group plc		738,400		15,913,305
Informa plc (b)		3,308,949		25,969,437
Liberty Global plc - Class A (b)		1,738,300		44,344,033
Lloyds Banking Group plc		141,174,600		86,426,737
NatWest Group plc		7,175,901		20,191,668
Prudential plc		2,432,500		35,932,335
Reckitt Benckiser Group plc		292,800		22,380,749
Rolls-Royce Holdings plc (b)		7,953,365		10,457,066
Schroders plc		1,012,284		42,658,670
Smiths Group plc		756,309		14,336,471
WPP plc		1,724,234		22,563,721
				396,610,879
Total Common Stocks (Cost $2,484,934,969)				2,515,994,963

BHFTI-154

Brighthouse Funds Trust I

Harris Oakmark International Portfolio

Schedule of Investments as of March 31, 2022 (Unaudited)

Preferred Stock—1.3%

Security Description	Shares/ Principal Amount*		Value
South Korea—1.3%
Samsung Electronics Co., Ltd. (Cost $38,963,382)		663,700	$	34,329,105
Short-Term Investment—3.0%
Repurchase Agreement—3.0%
Fixed Income Clearing Corp. Repurchase Agreement dated 03/31/22 at 0.000%, due on 04/01/22 with a maturity value of $80,103,444; collateralized by U.S. Treasury Note at 0.125%, maturing 10/15/24, with a market value of $81,705,609.		80,103,444		80,103,444
Total Short-Term Investments (Cost $80,103,444)				80,103,444
Securities Lending Reinvestments (c)—4.5%
Certificate of Deposit—0.0%
Oversea-Chinese Banking Corp., Ltd. Zero Coupon, 04/14/22		100,000		99,983
Repurchase Agreements—4.1%
Barclays Capital, Inc. Repurchase Agreement dated 03/31/22 at 0.240%, due on 04/01/22 with a maturity value of $17,858,043; collateralized by U.S. Treasury Obligations at 0.000%, maturity dates ranging from 02/15/37 - 11/15/48, and an aggregate market value of $18,215,082.		17,857,924		17,857,924
Cantor Fitzgerald & Co. Repurchase Agreement dated 03/31/22 at 0.290%, due on 04/01/22 with a maturity value of $8,000,064; collateralized by U.S. Treasury and U.S. Government Agency Obligations with rates ranging from 0.125% - 8.000%, maturity dates ranging from 09/15/22 - 07/20/71, and an aggregate market value of $8,160,000.		8,000,000		8,000,000
Citigroup Global Markets, Ltd. Repurchase Agreement dated 03/31/22 at 0.300%, due on 04/01/22 with a maturity value of $2,900,024; collateralized by U.S. Treasury and Foreign Obligations with rates ranging from 0.125% - 2.875%, maturity dates ranging from 08/15/23 - 02/15/51, and an aggregate market value of $2,958,001.		2,900,000		2,900,000
National Bank Financial, Inc. Repurchase Agreement dated 03/31/22 at 0.320%, due on 04/01/22 with a maturity value of $14,000,124; collateralized by U.S. Treasury Obligations with rates ranging from 0.125% - 3.000%, maturity dates ranging from 06/30/22 - 02/15/49, and an aggregate market value of $14,287,964.		14,000,000		14,000,000
Security Description	Shares/ Principal Amount*		Value
Repurchase Agreements—(Continued)
NBC Global Finance, Ltd. Repurchase Agreement dated 03/31/22 at 0.440%, due on 04/01/22 with a maturity value of $20,000,244; collateralized by U.S. Treasury Obligations with rates ranging from 0.125% - 4.750%, maturity dates ranging from 05/15/24 - 02/15/50, and various Common Stock with an aggregate market value of $22,207,531.		20,000,000		20,000,000
Societe Generale Repurchase Agreement dated 03/31/22 at 0.360%, due on 04/01/22 with a maturity value of $10,640,596; collateralized by various Common Stock with an aggregate market value of $11,823,743.		10,640,490		10,640,490
Repurchase Agreement dated 03/31/22 at 0.380%, due on 04/01/22 with a maturity value of $2,500,026; collateralized by various Common Stock with an aggregate market value of $2,778,007.		2,500,000		2,500,000
Repurchase Agreement dated 03/31/22 at 0.410%, due on 04/01/22 with a maturity value of $9,500,108; collateralized by various Common Stock with an aggregate market value of $10,557,252.		9,500,000		9,500,000
Repurchase Agreement dated 03/31/22 at 0.420%, due on 04/07/22 with a maturity value of $800,065; collateralized by various Common Stock with an aggregate market value of $889,032.		800,000		800,000
TD Prime Services LLC Repurchase Agreement dated 03/31/22 at 0.400%, due on 04/01/22 with a maturity value of $21,000,233; collateralized by various Common Stock with an aggregate market value of $23,849,111.		21,000,000		21,000,000
				107,198,414
Time Deposits—0.2%
DZ Bank AG (NY) 0.300%, 04/01/22		2,000,000		2,000,000
Rabobank (New York) 0.310%, 04/01/22		2,000,000		2,000,000
Skandi (NY) 0.300%, 04/01/22		2,000,000		2,000,000
				6,000,000
Mutual Funds—0.2%
Goldman Sachs Financial Square Government Fund, Institutional Shares 0.250% (d)		5,000,000		5,000,000
Total Securities Lending Reinvestments (Cost $118,298,408)				118,298,397
Total Investments—104.2% (Cost $2,722,300,203)				2,748,725,909
Other assets and liabilities (net)—(4.2)%				(110,302,189	)
Net Assets—100.0%			$	2,638,423,720

BHFTI-155

Brighthouse Funds Trust I

Harris Oakmark International Portfolio

Schedule of Investments as of March 31, 2022 (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 March 31, 2022, the market value of securities loaned was $105,782,649 and the collateral received consisted of cash in the amount of $118,298,335. 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 March 31, 2022.
(d)	The rate shown represents the annualized seven-day yield as of March 31, 2022.

Ten Largest Industries as of March 31, 2022 (Unaudited)	% of Net Assets
Banks		10.3
Machinery		7.1
Pharmaceuticals		6.3
Automobiles		6.2
Internet & Direct Marketing Retail		6.0
Insurance		4.6
IT Services		4.5
Capital Markets		4.3
Metals & Mining		4.2
Hotels, Restaurants & Leisure		3.8

Forward Foreign Currency Exchange Contracts

Contracts to Buy		Counterparty	Settlement Date		In Exchange for			Unrealized Appreciation/ (Depreciation)
CHF	6,372,000	SSBT		06/15/22		USD	6,923,756	$	(7,395	)
Contracts to Deliver
CHF	37,676,000	SSBT		06/15/22		USD	41,023,385		128,718
Net Unrealized Appreciation								$	121,323

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-156

Brighthouse Funds Trust I

Harris Oakmark International Portfolio

Schedule of Investments as of March 31, 2022 (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 March 31, 2022:

Description	Level 1		Level 2			Level 3		Total
Common Stocks
Australia	$	—	$	57,656,013		$	—	$	57,656,013
Belgium		—		50,340,637			—		50,340,637
Canada		58,130,175		—			—		58,130,175
China		28,719,900		139,263,660			—		167,983,560
Finland		—		18,537,449			—		18,537,449
France		—		318,318,807			—		318,318,807
Germany		—		690,722,410			—		690,722,410
Indonesia		—		3,807,960			—		3,807,960
Ireland		37,110,506		—			—		37,110,506
Italy		—		85,186,888			—		85,186,888
Japan		—		43,667,262			—		43,667,262
Mexico		32,347,084		—			—		32,347,084
Netherlands		—		69,499,121			—		69,499,121
South Korea		—		43,285,679			—		43,285,679
Spain		—		38,417,215			—		38,417,215
Sweden		—		112,704,463			—		112,704,463
Switzerland		—		291,668,855			—		291,668,855
United Kingdom		44,344,033		352,266,846			—		396,610,879
Total Common Stocks		200,651,698		2,315,343,265			—		2,515,994,963
Total Preferred Stock*		—		34,329,105			—		34,329,105
Total Short-Term Investment*		—		80,103,444			—		80,103,444
Securities Lending Reinvestments
Certificate of Deposit		—		99,983			—		99,983
Repurchase Agreements		—		107,198,414			—		107,198,414
Time Deposits		—		6,000,000			—		6,000,000
Mutual Funds		5,000,000		—			—		5,000,000
Total Securities Lending Reinvestments		5,000,000		113,298,397			—		118,298,397
Total Investments	$	205,651,698	$	2,543,074,211		$	—	$	2,748,725,909
Collateral for Securities Loaned (Liability)	$	—	$	(118,298,335	)	$	—	$	(118,298,335	)
Forward Contracts
Forward Foreign Currency Exchange Contracts (Unrealized Appreciation)	$	—	$	128,718		$	—	$	128,718
Forward Foreign Currency Exchange Contracts (Unrealized Depreciation)		—		(7,395	)		—		(7,395	)
Total Forward Contracts	$	—	$	121,323		$	—	$	121,323

* See Schedule of Investments for additional detailed categorizations.

BHFTI-157

Brighthouse Funds Trust I

Invesco Balanced-Risk Allocation Portfolio

Consolidated Schedule of Investments as of March 31, 2022 (Unaudited)

Commodity-Linked Securities—4.9% of Net Assets

Security Description	Principal Amount*		Value
Commodity-Linked Securities—4.9%
Canadian Imperial Bank of Commerce Commodity Linked Note, (linked to CIBC Custom 7 Agriculture Commodity Index, multiplied by 2), U.S. Federal Funds (Effective) Rate minus 0.020%, 11/30/22 (144A) (a)		9,480,000	$	15,080,279
Cargill, Inc. Commodity Linked Note, (linked to Monthly Rebalance Commodity Excess Return Index, multiplied by 2), one month LIBOR Rate minus 0.010%, 05/31/22 (144A) (a)		17,770,000		30,269,641
Royal Bank of Canada Commodity Linked Note, (linked to RBC Enhanced Agriculture Basket 07 Excess Return Index, multiplied by 2), U.S. Federal Funds (Effective) Rate minus 0.040%, 12/05/22 (144A) (a)		13,000,000		20,839,582
Total Commodity-Linked Securities (Cost $40,250,000)				66,189,502
U.S. Treasury & Government Agencies—4.4%
U.S. Treasury—4.4%
U.S. Treasury Floating Rate Notes 0.661%, 3M USTBMM + 0.055%, 07/31/22 (a)		31,000,000		31,017,928
0.720%, 3M USTBMM + 0.114%, 04/30/22 (a)		28,000,000		28,004,949
Total U.S. Treasury & Government Agencies (Cost $59,000,000)				59,022,877
Municipals—4.2%
New York Metropolitan Transportation Authority 0.500%, 11/01/31 (a)		20,000,000		20,000,000
New York State Energy Research & Development Authority 0.510%, 11/01/39 (a)		19,800,000		19,800,000
Port of Portland OR Airport Revenue 0.580%, 07/01/26 (a)		17,530,000		17,530,000
Total Municipals (Cost $57,330,000)				57,330,000
Short-Term Investments—80.6%
Certificate of Deposit—6.7%
Bank of Montreal (Chicago) 0.230%, 05/10/22		20,000,000		19,995,093
Bank of Nova Scotia 0.450%, SOFR + 0.180%, 11/09/22 (a)		25,000,000		24,965,403
Canadian Imperial Bank of Commerce 0.420%, SOFR + 0.150%, 11/04/22 (a)		12,800,000		12,784,530
Standard Chartered Bank 1.110%, 06/16/22		15,000,000		15,012,739
Woori Bank. 0.330%, 06/16/22 (b)		18,000,000		17,980,792
				90,738,557
Commercial Paper—51.7%
ABN AMRO Funding USA LLC 0.351%, 06/16/22 (144A) (b)		10,000,000		9,981,627
Banco Santander S.A. 0.349%, 05/03/22 (b)		30,000,000		29,986,745
Commercial Paper—(Continued)
Bank of America N.A. 0.330%, 01/03/23 (b)		10,000,000		9,975,743
Banque et Caisse d’Epargne de L’Etat 0.956%, 07/07/22 (b)		35,000,000		34,909,581
Barclays Bank plc 0.470%, SOFR + 0.200%, 08/05/22 (144A) (a)		25,000,000		24,978,790
Bennington Stark Capital Co. LLC 0.330%, 04/21/22 (144A)		20,000,000		19,998,387
BMW U.S. Capital LLC Zero Coupon, 04/01/22 (144A)		30,000,000		29,999,762
CDP Financial, Inc. 0.257%, 05/09/22 (b)		6,500,000		6,496,578
Collateralized Commercial Paper Co. LLC 0.230%, 06/01/22 (b)		10,000,000		9,985,929
Collateralized Commercial Paper FLEX Co. LLC 0.480%, SOFR + 0.210%, 08/01/22 (144A) (a)		25,000,000		24,980,223
Crown Point Capital Co. LLC 0.470%, SOFR + 0.200%, 06/10/22 (144A) (a)		35,000,000		34,988,569
Dexia Credit Local S.A. 0.662%, 05/09/22 (144A) (b)		25,000,000		24,986,567
Erste Abwicklungsanstalt 0.604%, 06/02/22 (b)		37,000,000		36,957,071
FMS Wertmanagement 0.519%, 04/19/22 (144A) (b)		35,000,000		34,991,891
L’Oreal S.A. 0.580%, 06/03/22 (144A) (b)		35,000,000		34,962,231
LMA S.A. & LMA Americas Corp. 0.357%, 05/16/22 (144A) (b)		13,500,000		13,487,856
LVMH Moet Hennessy Louis Vuitton SE 0.374%, 04/13/22 (b)		25,000,000		24,997,310
0.528%, 05/23/22 (144A) (b)		15,000,000		14,987,435
Mont Blanc Capital Corp. 0.288%, 04/12/22 (144A) (b)		7,500,000		7,499,107
0.338%, 05/20/22 (144A) (b)		13,000,000		12,986,765
National Australia Bank, Ltd. 0.400%, SOFR + 0.130%, 09/12/22 (144A) (a)		22,000,000		21,891,713
Nestle Finance International, Ltd. 0.348%, 04/21/22 (b)		38,000,000		37,992,685
Oversea-Chinese Banking Corp., Ltd. 0.150%, 04/07/22 (b)		6,500,000		6,499,747
PACCAR Financial Corp. 0.301%, 04/14/22 (b)		12,500,000		12,498,410
Ridgefield Funding Co. LLC 0.247%, 05/06/22 (144A) (b)		25,000,000		24,984,000
Siemens Capital Co. LLC 0.289%, 04/04/22 (b)		35,000,000		34,998,927
Toronto-Dominion Bank (The) 0.236%, 05/05/22 (144A) (b)		15,000,000		14,994,575
0.430%, FEDL01 + 0.100%, 07/08/22 (144A) (a)		15,000,000		14,990,088
Toyota Motor Credit Corp. 0.460%, SOFR + 0.180%, 08/15/22 (a)		20,000,000		19,980,240
Toyota Motor Finance Netherlands B.V. 0.313%, 04/27/22 (b)		20,000,000		19,991,750
UBS AG 0.455%, SOFR + 0.190%, 06/15/22 (144A) (a)		10,000,000		9,996,208
Walmart Inc. 0.389%, 04/25/22 (144A) (b)		35,000,000		34,991,687
				695,948,197

BHFTI-158

Brighthouse Funds Trust I

Invesco Balanced-Risk Allocation Portfolio

Consolidated Schedule of Investments as of March 31, 2022 (Unaudited)

Short-Term Investments—(Continued)

Security Description	Shares/ Principal Amount*		Value
Mutual Funds—13.6%
STIC (Global Series) plc - U.S. Dollar Liquidity Portfolio, Institutional Class 0.174% (c) (d)		100,249,603	$	100,249,603
STIT-Government & Agency Portfolio, Institutional Class 0.150% (c) (d)		50,114,097		50,114,097
STIT-Treasury Portfolio, Institutional Class 0.080% (c) (d)		32,639,590		32,639,590
				183,003,290
U.S. Treasury—8.6%
U.S. Treasury Bills
0.126%, 06/16/22 (b)		28,200,000		28,175,294
0.131%, 06/09/22 (b)		32,900,000		32,876,353
0.838%, 09/15/22 (b)		54,700,000		54,463,634
				115,515,281
Total Short-Term Investments (Cost $1,085,600,224)				1,085,205,325
Total Investments—94.1% (Cost $1,242,180,224)				1,267,747,704
Other assets and liabilities (net)—5.9%				78,799,234
Net Assets—100.0%			$	1,346,546,938

*	Principal amount stated in U.S. dollars unless otherwise noted.
(a)	Variable or floating rate security. The stated rate represents the rate at March 31, 2022. 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 March 31, 2022.
(d)	Affiliated Issuer.
	Represents investment of cash collateral received from securities on loan as of March 31, 2022.
(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 March 31, 2022, the market value of 144A securities was $476,866,983, which is 35.4% 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		06/15/22		2,037		AUD	258,175,552	$	(7,267,731	)
Brent Crude Oil Futures		05/31/22		258		USD	26,504,340		1,054,690
Canada Government Bond 10 Year Futures		06/21/22		1,895		CAD	247,411,200		(8,343,977	)
Euro STOXX 50 Index Futures		06/17/22		1,860		EUR	71,107,800		3,166,749
Euro-Bund Futures		06/08/22		134		EUR	21,260,440		(1,283,795	)
FTSE 100 Index Futures		06/17/22		1,303		GBP	97,542,580		6,002,006
Japanese Government 10 Year Bond Futures		06/13/22		116		JPY	17,365,200,000		(718,217	)
MSCI Emerging Markets Index Mini Futures		06/17/22		1,345		USD	75,689,875		3,241,884
New York Harbor ULSD Futures		04/29/22		111		USD	15,668,516		1,446,855
RBOB Gasoline Futures		04/29/22		198		USD	26,202,884		1,020,744
Russell 2000 Index E-Mini Futures		06/17/22		770		USD	79,556,400		2,903,334
S&P 500 Index E-Mini Futures		06/17/22		280		USD	63,430,500		3,773,881
Silver Futures		05/26/22		301		USD	37,825,165		1,459,782
TOPIX Index Futures		06/09/22		627		JPY	12,204,555,000		9,535,780
U.S. Treasury Long Bond Futures		06/21/22		732		USD	109,845,750		(3,765,902	)
United Kingdom Long Gilt Bond Futures		06/28/22		651		GBP	78,920,730		(995,648	)
WTI Light Sweet Crude Oil Futures		05/20/22		258		USD	25,418,160		322,597
Net Unrealized Appreciation								$	11,553,032

BHFTI-159

Brighthouse Funds Trust I

Invesco Balanced-Risk Allocation Portfolio

Consolidated Schedule of Investments as of March 31, 2022 (Unaudited)

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 Premiums Paid/(Received)		Unrealized Appreciation/ (Depreciation) (1)
Pay	0.260%	Monthly	11/22/22	BBP	Barclays Copper Excess Return Index	USD	4,860,062	$	229,859		$	—	$	229,859
Pay	0.300%	Monthly	02/07/23	CIBC	CIBC Dynamic Roll LME Copper Excess Return Index	USD	28,103,871		528,832			—		528,832
Pay	0.470%	Monthly	02/15/23	CG	Cargill Commodity Index (a)	USD	37,605,602		(66,120	)		—		(66,120	)
Pay	0.120%	Monthly	12/08/22	CG	Cargill Gold Excess Return Index	USD	39,342,732		(889,481	)		—		(889,481	)
Pay	0.400%	Monthly	12/16/22	GSI	Goldman Sachs Alpha Basket 1121 Excess Return Index (b)	USD	20,029,838		(6,199	)		—		(6,199	)
Pay	0.250%	Monthly	03/08/23	JPMC	JPMorgan Contag Gas Oil Excess Return Index	USD	19,070,944		(1,827,718	)		—		(1,827,718	)
Pay	0.300%	Monthly	02/09/23	MBL	Macquarie Dynamic Roll Aluminum Excess Return Index	USD	3,975,528		(105,062	)		—		(105,062	)
Pay	0.140%	Monthly	02/03/23	MLI	Merrill Lynch Gold Excess Return Index	USD	23,981,360		626,508			—		626,508
Pay	0.250%	Monthly	02/03/23	MLI	Merrill Lynch Natural Gas Excess Return Index	USD	1,378,829		342,465			—		342,465
Pay	0.300%	Monthly	07/14/22	MSCS	S&P GSCI Aluminum Dynamic Roll Index	USD	18,535,714		1,719,118			—		1,719,118
Pay	0.090%	Monthly	03/08/23	JPMC	S&P GSCI Gold Excess Return Index	USD	20,063,664		(382,686	)		—		(382,686	)
Totals								$	169,516		$	—	$	169,516

Cash in the amount of $3,100,000 has been received at the custodian bank and held in a segregated account as collateral for OTC swap contracts.

(1) There were no upfront premiums paid or (received), therefore the 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 March 31, 2022:

	Notional		Component
Futures Contracts—Long	Value		Weighting
Soybean Meal	$	8,017,514		21.3	%
Cotton No. 2		7,633,937		20.3	%
Soybean		7,460,951		19.9	%
Soybean Oil		4,828,559		12.8	%
Wheat		2,677,519		7.1	%
Corn No. 2 Yellow		2,252,576		6.0	%
Sugar No. 11		2,192,407		5.8	%
Coffee “C”		2,060,787		5.5	%
Live Cattle		274,521		0.7	%
Lean Hogs		206,831		0.6	%
	$	37,605,602		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 March 31, 2022:

	Notional		Component
Futures Contracts—Long	Value		Weighting
Soybean Meal	$	4,270,362		21.3	%
Cotton No. 2		4,066,057		20.3	%
Soybean		3,973,920		19.9	%
Soybean Oil		2,571,831		12.8	%
Wheat		1,426,124		7.1	%
Corn No. 2 Yellow		1,199,787		6.0	%
Sugar No. 11		1,167,740		5.8	%
Coffee “C”		1,097,635		5.5	%
Live Cattle		146,218		0.7	%
Lean Hogs		110,164		0.6	%
	$	20,029,838		100.0	%

BHFTI-160

Brighthouse Funds Trust I

Invesco Balanced-Risk Allocation Portfolio

Consolidated Schedule of Investments as of March 31, 2022 (Unaudited)

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
(SOFR)—	Secured Overnight Financing Rate
(USTBMM)—	U.S. Treasury Bill Money Market Yield

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 March 31, 2022:

Description	Level 1			Level 2			Level 3		Total
Total Commodity-Linked Securities*	$	—		$	66,189,502		$	—	$	66,189,502
Total U.S. Treasury & Government Agencies*		—			59,022,877			—		59,022,877
Total Municipals*		—			57,330,000			—		57,330,000
Short-Term Investments
Certificate of Deposit		—			90,738,557			—		90,738,557
Commercial Paper		—			695,948,197			—		695,948,197
Mutual Funds		183,003,290			—			—		183,003,290
U.S. Treasury		—			115,515,281			—		115,515,281
Total Short-Term Investments		183,003,290			902,202,035			—		1,085,205,325
Total Investments	$	183,003,290		$	1,084,744,414		$	—	$	1,267,747,704
Futures Contracts
Futures Contracts (Unrealized Appreciation)	$	33,928,302		$	—		$	—	$	33,928,302
Futures Contracts (Unrealized Depreciation)		(22,375,270	)		—			—		(22,375,270	)
Total Futures Contracts	$	11,553,032		$	—		$	—	$	11,553,032
OTC Swap Contracts
OTC Swap Contracts at Value (Assets)	$	—		$	3,446,782		$	—	$	3,446,782
OTC Swap Contracts at Value (Liabilities)		—			(3,277,266	)		—		(3,277,266	)
Total OTC Swap Contracts	$	—		$	169,516		$	—	$	169,516

* See Consolidated Schedule of Investments for additional detailed categorizations.

BHFTI-161

Brighthouse Funds Trust I

Invesco Comstock Portfolio

Schedule of Investments as of March 31, 2022 (Unaudited)

Common Stocks—97.2% of Net Assets

Security Description	Shares		Value
Aerospace & Defense—1.3%
Textron, Inc.		386,137	$	28,720,870
Air Freight & Logistics—1.7%
FedEx Corp.		171,027		39,573,937
Automobiles—1.7%
General Motors Co. (a)		881,886		38,573,694
Banks—12.8%
Bank of America Corp.		1,576,983		65,003,239
Citigroup, Inc.		674,259		36,005,431
Citizens Financial Group, Inc. (b)		689,050		31,234,636
Fifth Third Bancorp (b)		747,371		32,166,848
Huntington Bancshares, Inc. (b)		1,545,796		22,599,538
JPMorgan Chase & Co.		186,707		25,451,898
M&T Bank Corp. (b)		127,139		21,550,061
Wells Fargo & Co.		1,191,629		57,746,341
				291,757,992
Beverages—1.7%
Coca-Cola Co. (The)		638,477		39,585,574
Building Products—1.8%
Johnson Controls International plc		607,302		39,820,792
Capital Markets—4.2%
Goldman Sachs Group, Inc. (The)		96,739		31,933,544
Morgan Stanley		272,259		23,795,437
State Street Corp. (b)		462,670		40,307,810
				96,036,791
Chemicals—2.8%
CF Industries Holdings, Inc.		333,710		34,392,153
Corteva, Inc.		512,451		29,455,683
				63,847,836
Communications Equipment—2.1%
Cisco Systems, Inc.		827,569		46,145,248
F5, Inc. (a)		5,497		1,148,598
				47,293,846
Consumer Finance—0.4%
Capital One Financial Corp.		65,744		8,631,530
Containers & Packaging—1.6%
International Paper Co.		779,440		35,971,156
Electric Utilities—1.6%
Constellation Energy Corp.		179,000		10,068,750
Exelon Corp.		535,131		25,488,289
				35,557,039
Electrical Equipment—3.2%
Eaton Corp. plc		249,439		37,854,863
Emerson Electric Co.		366,987		35,983,075
				73,837,938
Equity Real Estate Investment Trusts—0.8%
Host Hotels & Resorts, Inc. (b)		986,372		19,165,208
Food Products—0.7%
Kraft Heinz Co. (The)		413,159		16,274,333
Health Care Equipment & Supplies—2.4%
Becton Dickinson & Co.		100,971		26,858,286
Dentsply Sirona, Inc. (b)		265,243		13,055,260
Medtronic plc		135,569		15,041,381
				54,954,927
Health Care Providers & Services—10.1%
Anthem, Inc.		129,325		63,527,026
CVS Health Corp.		418,224		42,328,451
HCA Healthcare, Inc.		91,853		23,020,199
Henry Schein, Inc. (a)		299,756		26,135,726
McKesson Corp.		145,954		44,680,898
UnitedHealth Group, Inc.		13,471		6,869,806
Universal Health Services, Inc. - Class B (b)		170,012		24,643,239
				231,205,345
Hotels, Restaurants & Leisure—2.8%
Booking Holdings, Inc. (a)		15,169		35,623,638
Las Vegas Sands Corp. (a) (b)		734,973		28,568,401
				64,192,039
Household Products—2.1%
Colgate-Palmolive Co.		232,787		17,652,238
Kimberly-Clark Corp.		242,451		29,860,265
				47,512,503
Industrial Conglomerates—1.2%
General Electric Co.		295,868		27,071,922
Insurance—3.2%
Allstate Corp. (The)		164,734		22,817,306
American International Group, Inc.		815,476		51,187,429
				74,004,735
Internet & Direct Marketing Retail—0.4%
eBay, Inc.		161,286		9,235,236
IT Services—3.3%
Cognizant Technology Solutions Corp. - Class A		482,306		43,248,379
DXC Technology Co. (a) (b)		947,829		30,927,660
				74,176,039

BHFTI-162

Brighthouse Funds Trust I

Invesco Comstock Portfolio

Schedule of Investments as of March 31, 2022 (Unaudited)

Common Stocks—(Continued)

Security Description	Shares		Value
Machinery—3.3%
Caterpillar, Inc.		187,625	$	41,806,602
Westinghouse Air Brake Technologies Corp.		356,951		34,327,978
				76,134,580
Media—1.3%
Comcast Corp. - Class A		627,654		29,386,760
Oil, Gas & Consumable Fuels—11.5%
Chevron Corp.		349,568		56,920,158
ConocoPhillips		294,633		29,463,300
Devon Energy Corp.		524,187		30,995,177
Hess Corp.		347,857		37,234,613
Marathon Oil Corp.		1,209,400		30,368,034
Pioneer Natural Resources Co. (b)		146,822		36,709,905
Suncor Energy, Inc.		1,254,893		40,896,963
				262,588,150
Pharmaceuticals—5.7%
Bristol-Myers Squibb Co.		353,725		25,832,537
Johnson & Johnson		239,108		42,377,111
Merck & Co., Inc.		324,011		26,585,102
Sanofi (ADR)		665,987		34,191,773
				128,986,523
Semiconductors & Semiconductor Equipment—3.6%
Intel Corp.		319,010		15,810,136
NXP Semiconductors NV		198,630		36,762,440
QUALCOMM, Inc.		186,390		28,484,120
				81,056,696
Software—2.6%
CDK Global, Inc. (b)		592,232		28,829,854
Microsoft Corp.		100,204		30,893,895
				59,723,749
Tobacco—4.3%
Altria Group, Inc.		588,967		30,773,526
Philip Morris International, Inc.		717,111		67,365,407
				98,138,933
Wireless Telecommunication Services—1.0%
T-Mobile U.S., Inc. (a)		172,496		22,139,862
Total Common Stocks (Cost $1,491,002,369)				2,215,156,535
Short-Term Investment—2.7%
Security Description	Principal Amount*		Value
Repurchase Agreement—2.7%
Fixed Income Clearing Corp. Repurchase Agreement dated 03/31/22 at 0.000%, due on 04/01/22 with a maturity value of $62,177,830; collateralized by U.S. Treasury Note at 0.125%, maturing 04/15/25, with a market value of $63,421,476.		62,177,830		62,177,830
Total Short-Term Investments (Cost $62,177,830)				62,177,830
Securities Lending Reinvestments (c)—3.6%
Certificates of Deposit—0.2%
Cooperatieve Rabobank UA 0.840%, SOFR + 0.570%, 09/19/22 (d)		1,000,000		1,000,000
Goldman Sachs Bank USA 0.470%, SOFR + 0.190%, 09/02/22 (d)		1,000,000		998,726
Oversea-Chinese Banking Corp., Ltd.
Zero Coupon, 04/14/22		800,000		799,864
0.720%, SOFR + 0.440%, 09/26/22 (d)		1,000,000		1,000,200
Royal Bank of Canada 0.520%, SOFR + 0.250%, 01/11/23 (d)		1,000,000		997,662
				4,796,452
Repurchase Agreements—2.5%
Barclays Capital, Inc. Repurchase Agreement dated 03/31/22 at 0.240%, due on 04/01/22 with a maturity value of $12,243,748; collateralized by U.S. Treasury Obligations at 0.000%, maturity dates ranging from 02/15/37 - 11/15/48, and an aggregate market value of $12,488,539.		12,243,666		12,243,666
Cantor Fitzgerald & Co. Repurchase Agreement dated 03/31/22 at 0.290%, due on 04/01/22 with a maturity value of $3,603,399; collateralized by U.S. Treasury and U.S. Government Agency Obligations with rates ranging from 0.125% - 8.000%, maturity dates ranging from 09/15/22 - 07/20/71, and an aggregate market value of $3,675,438.		3,603,370		3,603,370
Citigroup Global Markets, Inc. Repurchase Agreement dated 03/31/22 at 0.620%, due on 05/05/22 with a maturity value of $4,002,411; collateralized by U.S. Treasury Obligations with rates ranging from 0.000% - 3.875%, maturity dates ranging from 04/21/22 - 05/15/51, and various Common Stock with an aggregate market value of $4,280,244.		4,000,000		4,000,000
Citigroup Global Markets, Ltd. Repurchase Agreement dated 03/31/22 at 0.300%, due on 04/01/22 with a maturity value of $300,003; collateralized by U.S. Treasury and Foreign Obligations with rates ranging from 0.125% - 2.875%, maturity dates ranging from 08/15/23 - 02/15/51, and an aggregate market value of $306,000.		300,000		300,000

BHFTI-163

Brighthouse Funds Trust I

Invesco Comstock Portfolio

Schedule of Investments as of March 31, 2022 (Unaudited)

Securities Lending Reinvestments (c)—(Continued)

Security Description	Principal Amount*		Value
Repurchase Agreements—(Continued)
National Bank Financial, Inc. Repurchase Agreement dated 03/31/22 at 0.320%, due on 04/01/22 with a maturity value of $11,111,721; collateralized by U.S. Treasury Obligations with rates ranging from 0.125% - 3.000%, maturity dates ranging from 06/30/22 - 02/15/49, and an aggregate market value of $11,340,176.		11,111,622	$	11,111,622
National Bank of Canada Repurchase Agreement dated 03/31/22 at 0.320%, due on 04/07/22 with a maturity value of $3,100,193; collateralized by U.S. Treasury Obligations with rates ranging from 0.000% - 4.500%, maturity dates ranging from 04/14/22 - 08/15/51, and an aggregate market value of $3,163,764.		3,100,000		3,100,000
NBC Global Finance, Ltd. Repurchase Agreement dated 03/31/22 at 0.440%, due on 04/01/22 with a maturity value of $11,000,134; collateralized by U.S. Treasury Obligations with rates ranging from 0.125% - 4.750%, maturity dates ranging from 05/15/24 - 02/15/50, and various Common Stock with an aggregate market value of $12,214,142.		11,000,000		11,000,000
Societe Generale
Repurchase Agreement dated 03/31/22 at 0.410%, due on 04/01/22 with a maturity value of $5,000,057; collateralized by various Common Stock with an aggregate market value of $5,556,449.		5,000,000		5,000,000
Repurchase Agreement dated 03/31/22 at 0.420%, due on 04/07/22 with a maturity value of $2,200,180; collateralized by various Common Stock with an aggregate market value of $2,444,837.		2,200,000		2,200,000
TD Prime Services LLC Repurchase Agreement dated 03/31/22 at 0.400%, due on 04/01/22 with a maturity value of $5,000,056; collateralized by various Common Stock with an aggregate market value of $5,790,942.		5,000,000		5,000,000
				57,558,658
Time Deposits—0.5%
Canadian Imperial Bank of Commerce 0.320%, 04/01/22		1,000,000		1,000,000
DZ Bank AG (NY) 0.300%, 04/01/22		1,000,000		1,000,000
First Abu Dhabi Bank USA NV 0.310%, 04/01/22		3,000,000		3,000,000
National Bank of Canada 0.370%, OBFR + 0.050%, 04/07/22 (d)		2,000,000		2,000,000
Time Deposits—(Continued)
Rabobank (New York) 0.310%, 04/01/22		2,000,000		2,000,000
Skandi (NY) 0.300%, 04/01/22		1,000,000		1,000,000
Svenska (NY) 0.260%, 04/01/22		1,000,000		1,000,000
				11,000,000
Mutual Funds—0.4%
BlackRock Liquidity Funds FedFund, Institutional Shares 0.230% (e)		1,000,000		1,000,000
Fidelity Government Portfolio, Class I 0.120% (e)		2,000,000		2,000,000
Fidelity Government Portfolio, Institutional Class 0.160% (e)		3,000,000		3,000,000
Morgan Stanley Liquidity Funds Government Portfolio, Institutional Shares 0.230% (e)		3,000,000		3,000,000
				9,000,000
Total Securities Lending Reinvestments (Cost $82,358,613)				82,355,110
Total Investments—103.5% (Cost $1,635,538,812)				2,359,689,475
Other assets and liabilities (net)—(3.5)%				(79,015,695	)
Net Assets—100.0%			$	2,280,673,780

*	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 March 31, 2022, the market value of securities loaned was $78,338,359 and the collateral received consisted of cash in the amount of $82,358,032. 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 March 31, 2022.
(d)	Variable or floating rate security. The stated rate represents the rate at March 31, 2022. 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 March 31, 2022.

BHFTI-164

Brighthouse Funds Trust I

Invesco Comstock Portfolio

Schedule of Investments as of March 31, 2022 (Unaudited)

Forward Foreign Currency Exchange Contracts

Contracts to Buy		Counterparty	Settlement Date		In Exchange for			Unrealized Appreciation/ (Depreciation)
CAD	1,097,696	RBC		04/22/22		USD	879,150	$	(1,181	)
Contracts to Deliver
CAD	24,678,641	DBAG		04/22/22		USD	19,615,900		(122,779	)
CAD	1,148,217	GSI		04/22/22		USD	916,303		(2,074	)
CAD	986,725	RBC		04/22/22		USD	784,213		(4,998	)
EUR	15,460,196	DBAG		04/22/22		USD	17,053,959		(57,802	)
Net Unrealized Depreciation								$	(188,834	)

Glossary of Abbreviations

Counterparties

(DBAG)—	Deutsche Bank AG
(GSI)—	Goldman Sachs International
(RBC)—	Royal Bank of Canada

Currencies

(CAD)—	Canadian Dollar
(EUR)—	Euro
(USD)—	United States Dollar

Index Abbreviations

(OBFR)—	U.S. Overnight Bank Funding Rate
(SOFR)—	Secured Overnight Financing Rate

Other Abbreviations

(ADR)— American Depositary Receipt

BHFTI-165

Brighthouse Funds Trust I

Invesco Comstock Portfolio

Schedule of Investments as of March 31, 2022 (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 March 31, 2022:

Description	Level 1		Level 2			Level 3		Total
Total Common Stocks*	$	2,215,156,535	$	—		$	—	$	2,215,156,535
Total Short-Term Investment*		—		62,177,830			—		62,177,830
Securities Lending Reinvestments
Certificates of Deposit		—		4,796,452			—		4,796,452
Repurchase Agreements		—		57,558,658			—		57,558,658
Time Deposits		—		11,000,000			—		11,000,000
Mutual Funds		9,000,000		—			—		9,000,000
Total Securities Lending Reinvestments		9,000,000		73,355,110			—		82,355,110
Total Investments	$	2,224,156,535	$	135,532,940		$	—	$	2,359,689,475
Collateral for Securities Loaned (Liability)	$	—	$	(82,358,032	)	$	—	$	(82,358,032	)
Forward Contracts
Forward Foreign Currency Exchange Contracts (Unrealized Depreciation)	$	—	$	(188,834	)	$	—	$	(188,834	)

* See Schedule of Investments for additional detailed categorizations.

BHFTI-166

Brighthouse Funds Trust I

Invesco Global Equity Portfolio

Schedule of Investments as of March 31, 2022 (Unaudited)

Common Stocks—99.6% of Net Assets

Security Description	Shares		Value
Brazil—0.2%
StoneCo, Ltd. - Class A (a) (b)		211,285	$	2,472,034
China—3.8%
JD.com, Inc. (ADR) (a) (b)		721,560		41,756,677
Meituan - Class B (a)		277,000		5,458,457
				47,215,134
Denmark—2.2%
Ambu A/S - Class B (b)		130,447		1,915,731
Novo Nordisk A/S - Class B		230,654		25,544,163
				27,459,894
France—12.0%
Airbus SE (a)		350,785		42,400,622
Dassault Systemes SE		99,959		4,925,477
Kering S.A.		54,268		34,280,981
LVMH Moet Hennessy Louis Vuitton SE		94,731		67,455,056
				149,062,136
Germany—2.1%
SAP SE		236,758		26,418,241
India—4.6%
DLF, Ltd.		7,803,120		38,823,563
ICICI Bank, Ltd. (ADR) (b)		942,821		17,857,030
				56,680,593
Italy—0.4%
Brunello Cucinelli S.p.A. (a)		86,670		5,058,945
Japan—10.6%
FANUC Corp.		14,600		2,567,533
Keyence Corp.		72,800		33,846,754
Murata Manufacturing Co., Ltd. (b)		480,300		31,750,557
Nidec Corp. (b)		410,600		32,530,098
Omron Corp.		238,300		15,888,111
TDK Corp.		408,400		14,745,659
				131,328,712
Netherlands—0.9%
ASML Holding NV		16,366		10,916,112
Sweden—3.4%
Assa Abloy AB - Class B		717,647		19,350,286
Atlas Copco AB - A Shares		448,296		23,265,890
				42,616,176
Switzerland—0.9%
Lonza Group AG		11,864		8,595,269
Zur Rose Group AG (a) (b)		19,376		2,832,940
				11,428,209
United Kingdom—0.5%
Farfetch, Ltd. - Class A (a) (b)		411,692		6,224,783
United States—58.0%
Adobe, Inc. (a)		113,595		51,756,154
Agilent Technologies, Inc.		143,424		18,979,298
Alphabet, Inc. - Class A (a)		53,937		150,017,675
Amazon.com, Inc. (a)		4,114		13,411,434
Analog Devices, Inc.		294,222		48,599,590
Avantor, Inc. (a) (b)		584,870		19,780,303
Boston Scientific Corp. (a)		171,444		7,593,255
Castle Biosciences, Inc. (a) (b)		45,605		2,045,840
Charles River Laboratories International, Inc. (a)		21,129		6,000,002
Danaher Corp.		17,934		5,260,580
Datadog, Inc. - Class A (a)		15,452		2,340,515
Dun & Bradstreet Holdings, Inc. (a) (b)		112,447		1,970,071
Ecolab, Inc.		10,118		1,786,434
Equifax, Inc.		117,468		27,851,663
Fidelity National Information Services, Inc.		59,037		5,928,496
IDEXX Laboratories, Inc. (a)		7,155		3,914,214
Illumina, Inc. (a)		30,935		10,808,689
Intuit, Inc.		149,884		72,070,223
Intuitive Surgical, Inc. (a)		24,859		7,499,463
IQVIA Holdings, Inc. (a) (b)		42,924		9,924,458
Lam Research Corp.		2,298		1,235,428
Marriott International, Inc. - Class A (a)		29,176		5,127,682
Marvell Technology, Inc.		270,948		19,429,681
Meta Platforms, Inc. - Class A (a)		229,851		51,109,668
Microsoft Corp.		54,836		16,906,487
NVIDIA Corp.		28,599		7,803,523
Omnicell, Inc. (a)(b)		38,210		4,947,813
Phathom Pharmaceuticals, Inc. (a) (b)		125,939		1,714,030
Qualtrics International, Inc. - Class A (a) (b)		175,878		5,021,317
S&P Global, Inc. (b)		166,415		68,260,105
Splunk, Inc. (a)		58,784		8,735,890
United Parcel Service, Inc. - Class B (b)		163,178		34,995,154
Veracyte, Inc. (a)(b)		185,811		5,122,809
Visa, Inc. - Class A (b)		86,293		19,137,199
Walt Disney Co. (The) (a)		18,968		2,601,651
				719,686,794
Total Common Stocks (Cost $646,929,332)				1,236,567,763
Short-Term Investment—1.0%
Repurchase Agreement—1.0%
Fixed Income Clearing Corp. Repurchase Agreement dated 03/31/22 at 0.000%, due on 04/01/22 with a maturity value of $12,062,994; collateralized by U.S. Treasury Note at 2.500%, maturing 03/31/27, with a market value of $12,304,348.		12,062,994		12,062,994
Total Short-Term Investments (Cost $12,062,994)				12,062,994

BHFTI-167

Brighthouse Funds Trust I

Invesco Global Equity Portfolio

Schedule of Investments as of March 31, 2022 (Unaudited)

Securities Lending Reinvestments (c)—7.7%

Security Description	Principal Amount*		Value
Certificates of Deposit—1.9%
Bank of Montreal
0.300%, 06/02/22		4,000,000	$	3,997,064
Bank of Nova Scotia
0.520%, SOFR + 0.250%, 02/17/23 (d)		2,000,000		1,995,555
BNP Paribas S.A.
0.490%, SOFR + 0.220%, 11/17/22 (d)		1,000,000		998,592
Canadian Imperial Bank of Commerce (NY)
0.770%, SOFR + 0.500%, 03/03/23 (d)		3,000,000		3,001,905
Cooperatieve Rabobank UA
0.840%, SOFR + 0.570%, 09/19/22 (d)		1,000,000		1,000,000
Credit Agricole S.A.
0.590%, 05/24/22		3,000,000		2,999,640
Natixis S.A. (New York)
0.330%, 06/09/22		2,000,000		1,998,308
Nordea Bank Abp.
0.720%, SOFR + 0.450%, 08/30/22 (d)		1,000,000		999,998
Oversea-Chinese Banking Corp., Ltd.
Zero Coupon, 04/14/22		500,000		499,915
0.720%, SOFR + 0.440%, 09/26/22 (d)		1,000,000		1,000,199
Sumitomo Mitsui Banking Corp.
0.720%, SOFR + 0.450%, 09/06/22 (d)		1,000,000		999,930
Toronto-Dominion Bank (The)
0.820%, FEDEFF PRV + 0.490%, 12/23/22 (d)		1,000,000		999,704
Westpac Banking Corp.
0.500%, SOFR + 0.230%, 02/17/23 (d)		3,000,000		2,990,619
				23,481,429
Commercial Paper—0.2%
Antalis S.A.
0.800%, 06/01/22		3,000,000		2,995,179
Repurchase Agreements—4.2%
Cantor Fitzgerald & Co. Repurchase Agreement dated 03/31/22 at 0.290%, due on 04/01/22 with a maturity value of $2,000,016; collateralized by U.S. Treasury and U.S. Government Agency Obligations with rates ranging from 0.125% - 8.000%, maturity dates ranging from 09/15/22 - 07/20/71, and an aggregate market value of $2,040,000.		2,000,000		2,000,000
Citigroup Global Markets, Ltd. Repurchase Agreement dated 03/31/22 at 0.300%, due on 04/01/22 with a maturity value of $1,800,015; collateralized by U.S. Treasury and Foreign Obligations with rates ranging from 0.125% - 2.875%, maturity dates ranging from 08/15/23 - 02/15/51, and an aggregate market value of $1,836,001.		1,800,000		1,800,000
ING Financial Markets LLC Repurchase Agreement dated 03/31/22 at 0.260%, due on 04/01/22 with a maturity value of $15,304,379; collateralized by U.S. Government Agency Obligations with rates ranging from 0.350% - 6.625%, maturity dates ranging from 04/05/22 - 11/15/30, and an aggregate market value of $15,610,456.		15,304,269		15,304,269
Repurchase Agreements—(Continued)
National Bank Financial, Inc. Repurchase Agreement dated 03/31/22 at 0.320%, due on 04/01/22 with a maturity value of $6,000,053; collateralized by U.S. Treasury Obligations with rates ranging from 0.125% - 3.000%, maturity dates ranging from 06/30/22 - 02/15/49, and an aggregate market value of $6,123,413.		6,000,000		6,000,000
National Bank of Canada Repurchase Agreement dated 03/31/22 at 0.320%, due on 04/07/22 with a maturity value of $4,600,286; collateralized by U.S. Treasury Obligations with rates ranging from 0.000% - 4.500%, maturity dates ranging from 04/14/22 - 08/15/51, and an aggregate market value of $4,694,617.		4,600,000		4,600,000
Repurchase Agreement dated 03/31/22 at 0.450%, due on 04/07/22 with a maturity value of $7,000,613; collateralized by U.S. Treasury Obligations with rates ranging from 0.500% - 3.000%, maturity dates ranging from 11/30/23 - 08/15/48, and various Common Stock with an aggregate market value of $7,740,591.		7,000,000		7,000,000
NBC Global Finance, Ltd. Repurchase Agreement dated 03/31/22 at 0.440%, due on 04/01/22 with a maturity value of $10,000,122; collateralized by U.S. Treasury Obligations with rates ranging from 0.125% - 4.750%, maturity dates ranging from 05/15/24 - 02/15/50, and various Common Stock with an aggregate market value of $11,103,766.		10,000,000		10,000,000
Repurchase Agreement dated 03/31/22 at 0.485%, due on 04/07/22 with a maturity value of $1,800,170; collateralized by U.S. Treasury Obligations with rates ranging from 0.125% - 4.750%, maturity dates ranging from 05/15/24 - 02/15/50, and various Common Stock with an aggregate market value of $1,998,678.		1,800,000		1,800,000
Societe Generale Repurchase Agreement dated 03/31/22 at 0.410%, due on 04/01/22 with a maturity value of $1,000,011; collateralized by various Common Stock with an aggregate market value of $1,111,290.		1,000,000		1,000,000
Repurchase Agreement dated 03/31/22 at 0.420%, due on 04/07/22 with a maturity value of $2,400,196; collateralized by various Common Stock with an aggregate market value of $2,667,095.		2,400,000		2,400,000
				51,904,269
Time Deposits—1.2%
DZ Bank AG (NY)
0.300%, 04/01/22		2,000,000		2,000,000
Jyske Bank A/S
0.750%, 04/11/22		1,000,000		1,000,000
National Bank of Canada
0.370%, OBFR + 0.050%, 04/07/22 (d)		3,500,000		3,500,000
Rabobank (New York)
0.310%, 04/01/22		2,000,000		2,000,000

BHFTI-168

Brighthouse Funds Trust I

Invesco Global Equity Portfolio

Schedule of Investments as of March 31, 2022 (Unaudited)

Securities Lending Reinvestments (c)—(Continued)

Security Description	Shares/ Principal Amount*		Value
Time Deposits—(Continued)
Skandi (NY)
0.300%, 04/01/22		4,000,000	$	4,000,000
Svenska (NY)
0.260%, 04/01/22		2,000,000		2,000,000
				14,500,000
Mutual Funds—0.2%
Fidelity Government Portfolio, Class I 0.120% (e)	3,000,000		3,000,000
Total Securities Lending Reinvestments (Cost $95,900,174)				95,880,877
Total Investments—108.3% (Cost $754,892,500)				1,344,511,634
Other assets and liabilities (net)—(8.3)%				(103,434,214	)
Net Assets—100.0%			$	1,241,077,420

*	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 March 31, 2022, the market value of securities loaned was $91,066,928 and the collateral received consisted of cash in the amount of $95,897,744 and non-cash collateral with a value of $36,349. 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 March 31, 2022.
(d)	Variable or floating rate security. The stated rate represents the rate at March 31, 2022. 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 March 31, 2022.

Ten Largest Industries as of March 31, 2022 (Unaudited)	% of Net Assets
Interactive Media & Services		16.2
Software		15.2
Textiles, Apparel & Luxury Goods		8.6
Electronic Equipment, Instruments & Components		7.8
Semiconductors & Semiconductor Equipment		7.1
Life Sciences Tools & Services		6.4
Capital Markets		5.5
Internet & Direct Marketing Retail		5.4
Aerospace & Defense		3.4
Real Estate Management & Development		3.1

Glossary of Abbreviations

Index Abbreviations

(FEDEFF PRV)—	Effective Federal Funds Rate
(OBFR)—	U.S. Overnight Bank Funding Rate
(SOFR)—	Secured Overnight Financing Rate

Other Abbreviations

(ADR)— American Depositary Receipt

BHFTI-169

Brighthouse Funds Trust I

Invesco Global Equity Portfolio

Schedule of Investments as of March 31, 2022 (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 March 31, 2022:

Description	Level 1		Level 2			Level 3		Total
Common Stocks
Brazil	$	2,472,034	$	—		$	—	$	2,472,034
China		41,756,677		5,458,457			—		47,215,134
Denmark		—		27,459,894			—		27,459,894
France		—		149,062,136			—		149,062,136
Germany		—		26,418,241			—		26,418,241
India		17,857,030		38,823,563			—		56,680,593
Italy		—		5,058,945			—		5,058,945
Japan		—		131,328,712			—		131,328,712
Netherlands		—		10,916,112			—		10,916,112
Sweden		—		42,616,176			—		42,616,176
Switzerland		—		11,428,209			—		11,428,209
United Kingdom		6,224,783		—			—		6,224,783
United States		719,686,794		—			—		719,686,794
Total Common Stocks		787,997,318		448,570,445			—		1,236,567,763
Total Short-Term Investment*		—		12,062,994			—		12,062,994
Securities Lending Reinvestments
Certificates of Deposit		—		23,481,429			—		23,481,429
Commercial Paper		—		2,995,179			—		2,995,179
Repurchase Agreements		—		51,904,269			—		51,904,269
Time Deposits		—		14,500,000			—		14,500,000
Mutual Funds		3,000,000		—			—		3,000,000
Total Securities Lending Reinvestments		3,000,000		92,880,877			—		95,880,877
Total Investments	$	790,997,318	$	553,514,316		$	—	$	1,344,511,634
Collateral for Securities Loaned (Liability)	$	—	$	(95,897,744	)	$	—	$	(95,897,744	)

* See Schedule of Investments for additional detailed categorizations.

BHFTI-170

Brighthouse Funds Trust I

Invesco Small Cap Growth Portfolio

Schedule of Investments as of March 31, 2022 (Unaudited)

Common Stocks—95.7% of Net Assets

Security Description	Shares		Value
Aerospace & Defense—0.4%
Mercury Systems, Inc. (a)		60,093	$	3,872,994
Air Freight & Logistics—0.9%
GXO Logistics, Inc. (a)		136,244		9,719,647
Auto Components—2.2%
Fox Factory Holding Corp. (a)		80,691		7,903,683
Gentherm, Inc. (a) (b)		101,267		7,396,542
Visteon Corp. (a)		81,114		8,851,971
				24,152,196
Automobiles—0.8%
Harley-Davidson, Inc.		227,518		8,964,209
Banks—0.5%
Silvergate Capital Corp. - Class A (a)		33,591		5,057,797
Biotechnology—7.3%
Abcam plc (a)		493,957		8,924,077
ALX Oncology Holdings, Inc. (a) (b)		101,094		1,708,489
Ascendis Pharma A/S (ADR) (a) (b)		60,040		7,046,294
CareDx, Inc. (a)		288,967		10,688,889
ChemoCentryx, Inc. (a) (b)		214,614		5,380,373
Fate Therapeutics, Inc. (a) (b)		153,872		5,965,617
Halozyme Therapeutics, Inc. (a)		359,537		14,338,336
Intellia Therapeutics, Inc. (a)		55,422		4,027,517
Iovance Biotherapeutics, Inc. (a)		236,834		3,943,286
Mirati Therapeutics, Inc. (a) (b)		61,616		5,066,068
Natera, Inc. (a) (b)		189,244		7,698,446
Twist Bioscience Corp. (a)		109,239		5,394,222
				80,181,614
Building Products—1.2%
Builders FirstSource, Inc. (a)		110,564		7,135,801
Trex Co., Inc. (a)		93,185		6,087,776
				13,223,577
Capital Markets—3.9%
LPL Financial Holdings, Inc.		119,854		21,894,929
Morningstar, Inc.		45,444		12,413,937
TMX Group, Ltd.		77,287		7,949,096
				42,257,962
Chemicals—2.1%
Aspen Aerogels, Inc. (a)		74,476		2,567,932
Axalta Coating Systems, Ltd. (a)		288,769		7,097,942
Element Solutions, Inc.		631,290		13,825,251
				23,491,125
Commercial Services & Supplies—1.3%
Clean Harbors, Inc. (a)		125,043		13,959,800
Communications Equipment—0.6%
Calix, Inc. (a)		149,843		6,429,763
Construction & Engineering—3.2%
AECOM		186,126		14,296,338
Construction Partners, Inc. - Class A (a)		316,526		8,286,651
Valmont Industries, Inc.		52,268		12,471,145
				35,054,134
Construction Materials—0.8%
Eagle Materials, Inc.		70,384		9,034,490
Containers & Packaging—0.6%
Ranpak Holdings, Corp. (a) (b)		344,131		7,030,596
Distributors—1.0%
Pool Corp.		25,181		10,647,786
Diversified Telecommunication Services—1.1%
Iridium Communications, Inc. (a)		293,017		11,814,445
Electrical Equipment—1.3%
Shoals Technologies Group, Inc. - Class A (a) (b)		363,394		6,192,234
Vicor Corp. (a)		118,312		8,346,911
				14,539,145
Electronic Equipment, Instruments & Components—1.8%
Fabrinet (a)		88,662		9,321,036
Littelfuse, Inc.		39,951		9,964,179
				19,285,215
Equity Real Estate Investment Trusts—1.2%
EastGroup Properties, Inc.		55,180		11,216,990
Terreno Realty Corp.		29,449		2,180,699
				13,397,689
Food & Staples Retailing—0.9%
Performance Food Group Co. (a)		204,687		10,420,615
Health Care Equipment & Supplies—8.0%
AtriCure, Inc. (a)		185,950		12,211,337
CONMED Corp. (b)		32,350		4,805,593
CryoPort, Inc. (a) (b)		245,766		8,579,691
Inari Medical, Inc. (a)		137,566		12,468,982
Insulet Corp. (a)		39,558		10,537,856
iRhythm Technologies, Inc. (a)		118,322		18,632,165
Mesa Laboratories, Inc. (b)		35,099		8,946,033
Tandem Diabetes Care, Inc. (a)		101,011		11,746,569
				87,928,226
Health Care Providers & Services—2.5%
Amedisys, Inc. (a)		42,196		7,269,949
Chemed Corp.		17,397		8,812,450
LHC Group, Inc. (a)		51,774		8,729,096
R1 RCM, Inc. (a)		107,906		2,887,565
				27,699,060

BHFTI-171

Brighthouse Funds Trust I

Invesco Small Cap Growth Portfolio

Schedule of Investments as of March 31, 2022 (Unaudited)

Common Stocks—(Continued)

Security Description	Shares		Value
Health Care Technology—1.1%
Omnicell, Inc. (a)		62,240	$	8,059,457
Schrodinger, Inc. (a)		112,707		3,845,563
				11,905,020
Hotels, Restaurants & Leisure—4.5%
Marriott Vacations Worldwide Corp.		76,932		12,132,177
Penn National Gaming, Inc. (a) (b)		159,347		6,759,500
Planet Fitness, Inc. - Class A (a)		139,294		11,767,557
Texas Roadhouse, Inc.		118,218		9,898,393
Wingstop, Inc. (b)		72,961		8,561,973
				49,119,600
Household Durables—1.4%
Installed Building Products, Inc. (b)		87,182		7,366,007
Sonos, Inc. (a) (b)		275,765		7,782,088
				15,148,095
Insurance—1.0%
BRP Group, Inc. - Class A (a)		310,409		8,328,273
Hanover Insurance Group, Inc. (The)		14,640		2,188,973
				10,517,246
Internet & Direct Marketing Retail—1.7%
Overstock.com, Inc. (a) (b)		194,825		8,573,274
Shutterstock, Inc.		106,561		9,918,698
				18,491,972
IT Services—1.5%
Endava plc (ADR) (a)		34,410		4,577,562
ExlService Holdings, Inc. (a)		29,570		4,236,494
Flywire Corp. (a)		262,792		8,036,180
				16,850,236
Life Sciences Tools & Services—3.8%
Maravai LifeSciences Holdings, Inc. - Class A (a) (b)		181,967		6,417,976
NanoString Technologies, Inc. (a)		257,190		8,937,353
Repligen Corp. (a)		60,848		11,444,900
Syneos Health, Inc. (a)		183,472		14,852,058
				41,652,287
Machinery—4.3%
Chart Industries, Inc. (a) (b)		50,871		8,738,112
Evoqua Water Technologies Corp. (a)		374,936		17,614,493
Kennametal, Inc.		13,839		395,934
Kornit Digital, Ltd. (a)		98,156		8,116,519
Nordson Corp.		41,585		9,443,122
Terex Corp.		83,580		2,980,463
				47,288,643
Metals & Mining—1.3%
Cleveland-Cliffs, Inc. (a) (b)		444,679		14,323,111
Oil, Gas & Consumable Fuels—1.6%
Matador Resources Co. (b)		178,928		9,479,606
Oasis Petroleum, Inc.		53,717		7,858,797
				17,338,403
Personal Products—0.7%
Beauty Health Co. (The) (a) (b)		436,834		7,373,758
Pharmaceuticals—0.5%
Arvinas, Inc. (a)		82,380		5,544,174
Professional Services—2.3%
ASGN, Inc. (a)		105,776		12,345,117
Clarivate plc (a) (b)		279,657		4,687,051
KBR, Inc.		159,785		8,745,033
				25,777,201
Road & Rail—1.2%
Saia, Inc. (a)		53,563		13,059,731
Semiconductors & Semiconductor Equipment—7.9%
Allegro MicroSystems, Inc. (a)		395,131		11,221,720
Ambarella, Inc. (a)		93,146		9,772,878
Impinj, Inc. (a)		119,390		7,586,041
Lattice Semiconductor Corp. (a)		380,133		23,169,106
MACOM Technology Solutions Holdings, Inc. (a)		76,312		4,568,800
Power Integrations, Inc.		99,854		9,254,469
Semtech Corp. (a)		109,609		7,600,288
Silicon Laboratories, Inc. (a) (b)		88,621		13,310,874
				86,484,176
Software—12.6%
Altair Engineering, Inc. - Class A (a)		163,002		10,497,329
Avalara, Inc. (a) (b)		67,447		6,711,651
Black Knight, Inc. (a)		120,324		6,977,589
Blackline, Inc. (a) (b)		137,634		10,077,561
Cerence, Inc. (a) (b)		94,444		3,409,428
Descartes Systems Group, Inc. (The) (a)		77,896		5,706,661
Duck Creek Technologies, Inc. (a) (b)		241,596		5,344,104
Five9, Inc. (a) (b)		72,924		8,050,810
Guidewire Software, Inc. (a) (b)		80,164		7,585,118
KnowBe4, Inc. - Class A (a)		437,775		10,077,581
Manhattan Associates, Inc. (a)		65,213		9,045,695
Matterport, Inc. (a) (b)		134,762		1,094,267
Olo, Inc. - Class A (a) (b)		411,216		5,448,612
Pegasystems, Inc.		30,898		2,491,924
Q2 Holdings, Inc. (a) (b)		62,225		3,836,171
Qualys, Inc. (a)		95,681		13,625,931
Rapid7, Inc. (a) (b)		99,671		11,087,402
Sprout Social, Inc. - Class A (a)		87,568		7,015,948
Workiva, Inc. (a) (b)		83,309		9,830,462
				137,914,244
Specialty Retail—2.2%
Five Below, Inc. (a) (b)		52,353		8,291,145
Floor & Decor Holdings, Inc. - Class A (a)		89,122		7,218,882

BHFTI-172

Brighthouse Funds Trust I

Invesco Small Cap Growth Portfolio

Schedule of Investments as of March 31, 2022 (Unaudited)

Common Stocks—(Continued)

Security Description	Shares/ Principal Amount*		Value
Specialty Retail—(Continued)
National Vision Holdings, Inc. (a)		194,299	$	8,465,607
				23,975,634
Textiles, Apparel & Luxury Goods—0.7%
Kontoor Brands, Inc.		198,338		8,201,276
Trading Companies & Distributors—1.8%
SiteOne Landscape Supply, Inc. (a) (b)		46,596		7,534,107
WESCO International, Inc. (a)		94,924		12,353,410
				19,887,517
Total Common Stocks (Cost $887,068,401)				1,049,014,409
Short-Term Investment—4.9%
Repurchase Agreement—4.9%
Fixed Income Clearing Corp. Repurchase Agreement dated 03/31/22 at 0.000%, due on 04/01/22 with a maturity value of $53,632,145; collateralized by U.S. Treasury Note at 1.000%, maturing 12/15/24, with a market value of $54,704,825.		53,632,145		53,632,145
Total Short-Term Investments (Cost $53,632,145)				53,632,145
Securities Lending Reinvestments (c)—9.9%
Certificates of Deposit—2.8%
Barclays Bank plc 0.180%, 04/07/22		5,000,000		4,999,815
Credit Agricole S.A. 0.590%, 05/24/22		1,000,000		999,880
Credit Industriel et Commercial Zero Coupon, 04/14/22		5,000,000		4,999,150
Credit Suisse Group AG 0.830%, 06/03/22		2,000,000		2,000,368
Goldman Sachs Bank USA 0.470%, SOFR + 0.190%, 09/02/22 (d)		1,000,000		998,726
Mitsubishi UFJ Trust and Banking Corp. 0.430%, SOFR + 0.160%, 07/22/22 (d)		2,000,000		1,998,718
Mizuho Bank, Ltd. 0.250%, 05/05/22		2,000,000		1,999,382
Nordea Bank Abp. 0.720%, SOFR + 0.450%, 08/30/22 (d)		3,000,000		2,999,994
Oversea-Chinese Banking Corp., Ltd.
Zero Coupon, 04/14/22		1,000,000		999,830
0.720%, SOFR + 0.440%, 09/26/22 (d)		2,000,000		2,000,399
Sumitomo Mitsui Banking Corp.
0.200%, 04/26/22		2,000,000		1,999,548
0.720%, SOFR + 0.450%, 09/06/22 (d)		3,000,000		2,999,790
Toronto-Dominion Bank (The) 0.820%, FEDEFF PRV + 0.490%, 12/23/22 (d)		2,000,000		1,999,408
				30,995,008
Security Description	Principal Amount*		Value
Commercial Paper—0.6%
DNB Bank ASA 0.830%, SOFR + 0.550%, 09/07/22 (d)		2,000,000	$	2,000,798
Skandinaviska Enskilda Banken AB 0.200%, 04/28/22		4,000,000		3,998,480
Societe Generale 0.460%, SOFR + 0.190%, 08/18/22 (d)		1,000,000		998,991
				6,998,269
Repurchase Agreements—4.3%
Barclays Bank plc Repurchase Agreement dated 03/31/22 at 0.600%, due on 05/05/22 with a maturity value of $3,001,750; collateralized by various Common Stock with an aggregate market value of $3,334,370.		3,000,000		3,000,000
Barclays Capital, Inc. Repurchase Agreement dated 03/31/22 at 0.240%, due on 04/01/22 with a maturity value of $12,653,248; collateralized by U.S. Treasury Obligations at 0.000%, maturity dates ranging from 02/15/37 - 11/15/48, and an aggregate market value of $12,906,227.		12,653,164		12,653,164
Cantor Fitzgerald & Co. Repurchase Agreement dated 03/31/22 at 0.290%, due on 04/01/22 with a maturity value of $7,800,063; collateralized by U.S. Treasury and U.S. Government Agency Obligations with rates ranging from 0.125% - 8.000%, maturity dates ranging from 09/15/22 - 07/20/71, and an aggregate market value of $7,956,000.		7,800,000		7,800,000
Citigroup Global Markets, Inc. Repurchase Agreement dated 03/31/22 at 0.620%, due on 05/05/22 with a maturity value of $5,003,014; collateralized by U.S. Treasury Obligations with rates ranging from 0.000% - 3.875%, maturity dates ranging from 04/21/22 - 05/15/51, and various Common Stock with an aggregate market value of $5,350,305.		5,000,000		5,000,000
Citigroup Global Markets, Ltd. Repurchase Agreement dated 03/31/22 at 0.300%, due on 04/01/22 with a maturity value of $2,100,018; collateralized by U.S. Treasury and Foreign Obligations with rates ranging from 0.125% - 2.875%, maturity dates ranging from 08/15/23 - 02/15/51, and an aggregate market value of $2,142,001.		2,100,000		2,100,000
NBC Global Finance, Ltd. Repurchase Agreement dated 03/31/22 at 0.440%, due on 04/01/22 with a maturity value of $3,900,048; collateralized by U.S. Treasury Obligations with rates ranging from 0.125% - 4.750%, maturity dates ranging from 05/15/24 - 02/15/50, and various Common Stock with an aggregate market value of $4,330,469.		3,900,000		3,900,000
Societe Generale Repurchase Agreement dated 03/31/22 at 0.360%, due on 04/01/22 with a maturity value of $7,200,072; collateralized by various Common Stock with an aggregate market value of $8,000,661.		7,200,000		7,200,000
Repurchase Agreement dated 03/31/22 at 0.380%, due on 04/01/22 with a maturity value of $800,008; collateralized by various Common Stock with an aggregate market value of $888,962.		800,000		800,000

BHFTI-173

Brighthouse Funds Trust I

Invesco Small Cap Growth Portfolio

Schedule of Investments as of March 31, 2022 (Unaudited)

Securities Lending Reinvestments (c)—(Continued)

Security Description	Shares/ Principal Amount*		Value
Repurchase Agreements—(Continued)
Repurchase Agreement dated 03/31/22 at 0.410%, due on 04/01/22 with a maturity value of $2,400,027; collateralized by various Common Stock with an aggregate market value of $2,667,095.		2,400,000	$	2,400,000
Repurchase Agreement dated 03/31/22 at 0.420%, due on 04/07/22 with a maturity value of $1,600,131; collateralized by various Common Stock with an aggregate market value of $1,778,064.		1,600,000		1,600,000
				46,453,164
Time Deposits—0.8%
Canadian Imperial Bank of Commerce 0.320%, 04/01/22		2,000,000		2,000,000
DZ Bank AG (NY) 0.300%, 04/01/22		2,000,000		2,000,000
Jyske Bank A/S 0.750%, 04/11/22		1,000,000		1,000,000
Rabobank (New York) 0.310%, 04/01/22		2,000,000		2,000,000
Svenska (NY) 0.260%, 04/01/22		2,000,000		2,000,000
				9,000,000
Mutual Funds—1.4%
BlackRock Liquidity Funds FedFund, Institutional Shares 0.240% (e)		5,000,000		5,000,000
Fidelity Government Portfolio, Institutional Class 0.160% (e)		5,000,000		5,000,000
Morgan Stanley Liquidity Funds Government Portfolio, Institutional Shares 0.230% (e)		5,000,000		5,000,000
				15,000,000
Total Securities Lending Reinvestments (Cost $108,452,220)				108,446,441
Total Investments—110.5% (Cost $1,049,152,766)				1,211,092,995
Other assets and liabilities (net)—(10.5)%				(115,354,117	)
Net Assets—100.0%			$	1,095,738,878

*	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 March 31, 2022, the market value of securities loaned was $104,459,297 and the collateral received consisted of cash in the amount of $108,444,299. 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 March 31, 2022.
(d)	Variable or floating rate security. The stated rate represents the rate at March 31, 2022. 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 March 31, 2022.

Glossary of Abbreviations

Currencies

(USD)— United States Dollar

Index Abbreviations

(FEDEFF PRV)—	Effective Federal Funds Rate
(SOFR)—	Secured Overnight Financing Rate

Other Abbreviations

(ADR)— American Depositary Receipt

BHFTI-174

Brighthouse Funds Trust I

Invesco Small Cap Growth Portfolio

Schedule of Investments as of March 31, 2022 (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 March 31, 2022:

Description	Level 1		Level 2		Level 3		Total
Common Stocks
Aerospace & Defense	$	3,872,994	$	—	$	—	$	3,872,994
Air Freight & Logistics		9,719,647		—		—		9,719,647
Auto Components		24,152,196		—		—		24,152,196
Automobiles		8,964,209		—		—		8,964,209
Banks		5,057,797		—		—		5,057,797
Biotechnology		71,257,537		8,924,077		—		80,181,614
Building Products		13,223,577		—		—		13,223,577
Capital Markets		42,257,962		—		—		42,257,962
Chemicals		23,491,125		—		—		23,491,125
Commercial Services & Supplies		13,959,800		—		—		13,959,800
Communications Equipment		6,429,763		—		—		6,429,763
Construction & Engineering		35,054,134		—		—		35,054,134
Construction Materials		9,034,490		—		—		9,034,490
Containers & Packaging		7,030,596		—		—		7,030,596
Distributors		10,647,786		—		—		10,647,786
Diversified Telecommunication Services		11,814,445		—		—		11,814,445
Electrical Equipment		14,539,145		—		—		14,539,145
Electronic Equipment, Instruments & Components		19,285,215		—		—		19,285,215
Equity Real Estate Investment Trusts		13,397,689		—		—		13,397,689
Food & Staples Retailing		10,420,615		—		—		10,420,615
Health Care Equipment & Supplies		87,928,226		—		—		87,928,226
Health Care Providers & Services		27,699,060		—		—		27,699,060
Health Care Technology		11,905,020		—		—		11,905,020
Hotels, Restaurants & Leisure		49,119,600		—		—		49,119,600
Household Durables		15,148,095		—		—		15,148,095
Insurance		10,517,246		—		—		10,517,246
Internet & Direct Marketing Retail		18,491,972		—		—		18,491,972
IT Services		16,850,236		—		—		16,850,236
Life Sciences Tools & Services		41,652,287		—		—		41,652,287
Machinery		47,288,643		—		—		47,288,643
Metals & Mining		14,323,111		—		—		14,323,111
Oil, Gas & Consumable Fuels		17,338,403		—		—		17,338,403
Personal Products		7,373,758		—		—		7,373,758
Pharmaceuticals		5,544,174		—		—		5,544,174
Professional Services		25,777,201		—		—		25,777,201
Road & Rail		13,059,731		—		—		13,059,731
Semiconductors & Semiconductor Equipment		86,484,176		—		—		86,484,176
Software		137,914,244		—		—		137,914,244
Specialty Retail		23,975,634		—		—		23,975,634
Textiles, Apparel & Luxury Goods		8,201,276		—		—		8,201,276

BHFTI-175

Brighthouse Funds Trust I

Invesco Small Cap Growth Portfolio

Schedule of Investments as of March 31, 2022 (Unaudited)

Fair Value Hierarchy—(Continued)

Description	Level 1		Level 2			Level 3		Total
Trading Companies & Distributors	$	19,887,517	$	—		$	—	$	19,887,517
Total Common Stocks		1,040,090,332		8,924,077			—		1,049,014,409
Total Short-Term Investment*		—		53,632,145			—		53,632,145
Securities Lending Reinvestments
Certificates of Deposit		—		30,995,008			—		30,995,008
Commercial Paper		—		6,998,269			—		6,998,269
Repurchase Agreements		—		46,453,164			—		46,453,164
Time Deposits		—		9,000,000			—		9,000,000
Mutual Funds		15,000,000		—			—		15,000,000
Total Securities Lending Reinvestments		15,000,000		93,446,441			—		108,446,441
Total Investments	$	1,055,090,332	$	156,002,663		$	—	$	1,211,092,995
Collateral for Securities Loaned (Liability)	$	—	$	(108,444,299	)	$	—	$	(108,444,299	)

* See Schedule of Investments for additional detailed categorizations.

BHFTI-176

Brighthouse Funds Trust I

JPMorgan Core Bond Portfolio

Schedule of Investments as of March 31, 2022 (Unaudited)

U.S. Treasury & Government Agencies—52.1% of Net Assets

Security Description	Principal Amount*		Value
Agency Sponsored Mortgage - Backed—24.9%
Fannie Mae 20 Yr. Pool 4.000%, 02/01/31		522,099	$	537,093
6.000%, 07/01/28		111,572		119,028
Fannie Mae 30 Yr. Pool 2.500%, 09/01/51		3,882,310		3,715,574
2.500%, 01/01/52		3,249,371		3,104,431
3.000%, 01/01/52		2,903,027		2,853,663
3.500%, 07/01/42		790,863		805,985
3.500%, 08/01/42		271,425		272,174
3.500%, 07/01/50		2,653,312		2,674,689
3.500%, 12/01/51		2,078,155		2,115,684
3.500%, 02/01/52		4,863,280		4,909,552
4.000%, 06/01/47		958,434		993,402
4.500%, 02/01/40		201,023		213,343
5.000%, 09/01/35		415,468		441,686
6.000%, 12/01/39		152,712		170,587
Fannie Mae ARM Pool 0.721%, 1M LIBOR + 0.480%, 09/01/24 (a)		3,408,748		3,407,502
Fannie Mae Benchmark REMIC (CMO) 5.500%, 06/25/37		389,802		423,341
Fannie Mae Grantor Trust 2.898%, 06/25/27		3,919,746		3,931,790
Fannie Mae Pool 1.800%, 10/01/33		3,484,000		3,095,983
2.440%, 06/01/30		3,000,000		2,896,940
2.510%, 10/01/30 (h) (i)		3,000,000		3,016,406
2.640%, 04/01/23		1,695,347		1,700,509
2.640%, 05/01/23		2,019,124		2,026,291
2.700%, 05/01/23		5,000,000		5,019,689
2.720%, 03/01/23		2,750,947		2,761,884
2.730%, 07/01/28		2,910,610		2,891,425
2.810%, 09/01/31		1,440,858		1,424,101
2.970%, 06/01/30		2,750,000		2,748,368
2.980%, 09/01/36		1,324,727		1,319,382
3.000%, 01/01/43		1,804,612		1,798,506
3.000%, 07/01/60		3,164,252		3,127,048
3.090%, 07/01/22 (a)		155,338		155,279
3.235%, 10/01/26		1,292,507		1,312,437
3.260%, 12/01/26		906,404		919,663
3.290%, 08/01/26		1,944,971		1,970,619
3.340%, 02/01/27		1,500,000		1,526,408
3.380%, 12/01/23		1,856,133		1,872,485
3.450%, 01/01/24		915,374		924,101
3.500%, 08/01/26		81,093		81,998
3.500%, 02/01/33		1,305,656		1,319,056
3.500%, 05/01/33		1,650,323		1,671,033
3.500%, 07/01/43		1,285,390		1,312,414
3.500%, 03/01/60		2,747,210		2,775,141
3.550%, 02/01/30		1,500,000		1,552,050
3.760%, 11/01/23		1,028,883		1,042,627
3.970%, 08/01/33		4,977,710		5,212,238
3.990%, 02/01/28		1,627,488		1,714,759
4.000%, 10/01/32		439,725		452,289
4.000%, 12/01/40		104,221		108,785
4.000%, 07/01/42		713,076		742,154
5.500%, 01/01/58		2,344,352		2,629,263
Agency Sponsored Mortgage - Backed—(Continued)
Fannie Mae REMICS (CMO) Zero Coupon, 09/25/43 (b)		738,422		643,902
Zero Coupon, 10/25/43 (b)		432,671		372,706
Zero Coupon, 12/25/43 (b)		806,211		698,596
0.616%, 03/25/27 (a)		21,019		20,922
0.957%, 1M LIBOR + 0.500%, 05/25/35 (a)		318,550		318,784
0.957%, 1M LIBOR + 0.500%, 10/25/42 (a)		285,686		287,938
1.057%, 1M LIBOR + 0.600%, 10/25/43 (a)		980,094		992,863
1.057%, 1M LIBOR + 0.600%, 12/25/43 (a)		961,598		970,731
1.357%, 1M LIBOR + 0.900%, 03/25/38 (a)		133,676		136,992
1.457%, 1M LIBOR + 1.000%, 08/25/32 (a)		332,975		339,884
3.500%, 02/25/43		2,018,075		1,993,896
3.500%, 11/25/57		3,002,940		3,052,788
5.000%, 03/25/40		2,528,013		2,671,333
5.500%, 12/25/35		691,858		741,030
6.000%, 01/25/36		903,327		945,562
6.073%, -1 x 1M LIBOR + 6.530%, 01/25/41 (a) (c)		2,201,623		396,096
6.500%, 07/18/28		61,140		65,378
Fannie Mae-ACES 0.670%, 10/25/30		2,092,223		1,948,854
1.000%, 11/25/33		1,285,233		1,200,967
1.200%, 10/25/30		995,000		914,328
1.764%, 11/25/31 (a)		7,400,000		6,662,896
1.905%, 10/25/30 (a) (c)		16,047,703		1,571,215
1.975%, 11/25/33 (a) (c)		7,695,490		924,495
2.488%, 05/25/26		1,600,000		1,585,215
2.491%, 12/25/26 (a)		750,629		743,681
2.723%, 10/25/24		1,713,328		1,696,027
3.059%, 03/25/28 (a)		1,941,694		1,991,434
3.061%, 05/25/27 (a)		2,985,011		3,024,812
3.073%, 06/25/27 (a)		2,632,442		2,672,043
3.085%, 02/25/30 (a)		1,504,000		1,535,851
3.119%, 04/25/29 (a)		2,550,775		2,595,551
3.346%, 03/25/24 (a)		1,693,233		1,706,842
3.364%, 07/25/28 (a)		3,757,000		3,890,703
3.501%, 01/25/24 (a)		698,540		704,509
3.554%, 09/25/28 (a)		3,075,000		3,221,032
Freddie Mac 20 Yr. Gold Pool 3.500%, 03/01/32		455,607		461,686
Freddie Mac 30 Yr. Gold Pool 4.000%, 08/01/42		1,285,718		1,338,553
4.000%, 06/01/43		96,341		98,485
4.000%, 08/01/43		2,178,917		2,259,714
4.000%, 07/01/48		1,848,986		1,899,527
5.000%, 08/01/39		510,524		552,374
Freddie Mac 30 Yr. Pool 3.000%, 02/01/52		3,033,291		2,969,746
Freddie Mac ARM Non-Gold Pool 2.106%, 12M LIBOR + 1.837%, 07/01/40 (a)		405,182		421,053
Freddie Mac Gold Pool
3.500%, 12/01/32		1,389,618		1,407,104
3.500%, 01/01/33		2,301,054		2,331,643
3.500%, 03/01/33		2,138,097		2,165,419
3.500%, 04/01/33		3,424,977		3,473,705
3.500%, 05/01/33		1,032,563		1,047,377
3.500%, 06/01/43		1,005,457		1,024,534

BHFTI-177

Brighthouse Funds Trust I

JPMorgan Core Bond Portfolio

Schedule of Investments as of March 31, 2022 (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		295,041	$	303,898
4.000%, 11/01/32		1,264,429		1,304,813
4.000%, 12/01/32		667,168		688,295
4.000%, 01/01/33		57,035		58,510
4.000%, 02/01/33		282,610		290,518
4.000%, 01/01/46		1,486,688		1,552,471
5.000%, 02/01/34		207,602		215,450
Freddie Mac Multifamily Structured Pass-Through Certificates 2.522%, 01/25/23		726,308		728,506
2.838%, 09/25/22		203,786		204,406
2.970%, 04/25/28 (a)		1,790,000		1,824,382
3.117%, 06/25/27		2,487,000		2,526,193
3.243%, 04/25/27		1,996,000		2,037,756
3.303%, 11/25/27 (a)		1,755,000		1,800,514
3.326%, 05/25/27		1,072,000		1,094,516
3.490%, 01/25/24		2,000,000		2,026,359
3.690%, 01/25/29		397,000		417,423
3.850%, 05/25/28 (a)		7,385,000		7,712,957
3.900%, 08/25/28 (a)		3,170,000		3,360,462
Freddie Mac REMICS (CMO) 0.847%, 1M LIBOR + 0.450%, 08/15/42 (a)		2,151,271		2,158,831
1.077%, 1M LIBOR + 0.680%, 11/15/37 (a)		391,520		397,145
1.097%, 1M LIBOR + 0.700%, 03/15/24 (a)		61,188		61,421
1.747%, 1M LIBOR + 1.350%, 03/15/38 (a)		600,000		640,754
3.000%, 02/15/26		386,387		389,180
5.000%, 08/15/35		762,092		810,308
5.973%, -1 x 1M LIBOR + 6.370%, 10/15/37 (a) (c)		1,935,472		346,810
6.000%, 07/15/35		2,303,551		2,513,007
6.000%, 03/15/36		1,734,019		1,930,695
6.003%, -1 x 1M LIBOR + 6.400%, 11/15/36 (a) (c)		946,956		115,893
6.500%, 05/15/28		121,413		129,655
6.500%, 03/15/37		377,611		423,278
Freddie Mac STACR Trust (CMO) 3.500%, 05/25/57		4,319,753		4,340,868
3.500%, 06/25/57		3,782,060		3,800,367
Freddie Mac Strips (CMO)
Zero Coupon, 09/15/43 (b)		424,215		368,273
3.000%, 01/15/43		1,456,350		1,426,693
FREMF Mortgage Trust 3.420%, 04/25/28 (144A) (a)		3,100,000		2,991,316
3.578%, 11/25/49 (144A) (a)		1,700,000		1,675,424
3.673%, 11/25/49 (144A) (a)		2,000,000		1,992,448
3.894%, 07/25/49 (144A) (a)		1,635,000		1,649,521
4.074%, 11/25/47 (144A) (a)		1,577,000		1,579,806
Ginnie Mae II 30 Yr. Pool 2.500%, 08/20/51		16,247,968		15,780,134
2.500%, 10/20/51		2,958,354		2,873,173
3.000%, 02/20/51		1,789,827		1,796,005
3.500%, 01/20/51		3,241,604		3,329,193
3.500%, 02/20/52		3,384,827		3,483,106
4.000%, 01/20/52		3,239,692		3,389,002
4.000%, 02/20/52		3,494,621		3,656,754
4.500%, 11/20/49		2,297,072		2,440,796
Ginnie Mae II ARM Pool 1.875%, 1Y H15 + 1.500%, 04/20/41 (a)		147,862		153,429
2.040%, 1Y H15 + 1.752%, 10/20/71 (a)		3,081,266		3,276,709
Agency Sponsored Mortgage - Backed—(Continued)
Freddie Mac Strips (CMO)
2.047%, 1Y H15 + 1.756%, 11/20/71 (a)		3,235,976		3,445,099
2.066%, 1Y H15 + 1.782%, 12/20/71 (a)		2,861,572		3,054,485
2.069%, 1Y H15 + 1.790%, 09/20/71 (a)		2,990,001		3,185,816
2.136%, 1Y H15 + 1.833%, 08/20/71 (a)		3,023,836		3,226,983
Government National Mortgage Association (CMO) 0.406%, 1M LIBOR + 0.300%, 08/20/60 (a)		591		587
0.406%, 1M LIBOR + 0.300%, 11/20/62 (a)		809		804
0.446%, 1M LIBOR + 0.340%, 12/20/62 (a)		1,067,539		1,061,103
0.491%, 1M LIBOR + 0.410%, 03/20/63 (a)		298,049		296,699
0.506%, 1M LIBOR + 0.400%, 02/20/62 (a)		20,676		20,580
0.526%, 1M LIBOR + 0.420%, 02/20/63 (a)		865,984		861,293
0.576%, 1M LIBOR + 0.470%, 03/20/63 (a)		1,506,540		1,502,430
0.576%, 1M LIBOR + 0.470%, 07/20/64 (a)		1,847,334		1,841,713
0.576%, 1M LIBOR + 0.470%, 09/20/64 (a)		1,113,157		1,108,954
0.586%, 1M LIBOR + 0.480%, 04/20/63 (a)		3,045,474		3,036,884
0.606%, 1M LIBOR + 0.500%, 01/20/63 (a)		11,078		11,042
0.606%, 1M LIBOR + 0.500%, 04/20/63 (a)		3,418,309		3,407,796
0.606%, 1M LIBOR + 0.500%, 06/20/64 (a)		3,196,553		3,186,166
0.606%, 1M LIBOR + 0.500%, 07/20/64 (a)		1,426,921		1,422,325
0.656%, 1M LIBOR + 0.550%, 04/20/62 (a)		1,389		1,387
0.706%, 1M LIBOR + 0.600%, 04/20/64 (a)		8,014,413		8,008,936
0.756%, 1M LIBOR + 0.650%, 07/20/63 (a)		1,894,474		1,893,333
0.756%, 1M LIBOR + 0.650%, 01/20/64 (a)		804,572		804,251
0.756%, 1M LIBOR + 0.650%, 02/20/64 (a)		2,566,972		2,566,001
0.756%, 1M LIBOR + 0.650%, 03/20/64 (a)		708,387		708,291
0.796%, 1M LIBOR + 0.690%, 02/20/64 (a)		1,291,635		1,294,141
0.806%, 1M LIBOR + 0.700%, 09/20/63 (a)		1,866,101		1,866,513
0.856%, 1M LIBOR + 0.750%, 09/20/63 (a)		1,967,982		1,968,412
0.949%, 1M LIBOR + 0.500%, 09/20/37 (a)		110,075		110,451
1.106%, 1M LIBOR + 1.000%, 12/20/66 (a)		1,016,019		1,026,621
1.650%, 02/20/63		112,844		112,505
1.650%, 04/20/63		61,212		60,389
4.466%, 04/20/43 (a)		1,119,125		1,151,047
4.500%, 01/16/25		615,676		629,845
4.882%, 11/20/42 (a)		3,926,082		4,179,351
5.000%, 12/20/33		554,291		581,197
5.000%, 06/16/39		114,706		115,063
5.000%, 07/20/39		1,051,077		1,122,124
5.000%, 10/20/39		1,065,488		1,118,623
5.132%, 06/20/40 (a)		1,563,711		1,670,387
5.500%, 07/16/33 (c)		475,263		53,810
Uniform Mortgage-Backed Securities 30 Yr. Pool 3.000%, TBA (d)		38,580,000		37,736,062
				366,018,553
Federal Agencies—0.3%
Tennessee Valley Authority 5.880%, 04/01/36		1,600,000		2,094,972
Tennessee Valley Authority Generic Strip
Zero Coupon, 03/15/32		1,000,000		745,743
Tennessee Valley Authority Principal Strip
Zero Coupon, 11/01/25		1,000,000		910,864
Zero Coupon, 06/15/35		750,000		496,914
				4,248,493

BHFTI-178

Brighthouse Funds Trust I

JPMorgan Core Bond Portfolio

Schedule of Investments as of March 31, 2022 (Unaudited)

U.S. Treasury & Government Agencies—(Continued)

Security Description	Principal Amount*		Value
U.S. Treasury—26.9%
U.S. Treasury Bonds 1.125%, 05/15/40		555,000	$	437,323
1.250%, 05/15/50		528,000		393,814
1.375%, 08/15/50		380,000		292,481
1.625%, 11/15/50 (e)		6,800,000		5,572,281
1.750%, 08/15/41		2,740,000		2,374,809
1.875%, 02/15/51 (e)		14,123,900		12,341,309
1.875%, 11/15/51 (e)		8,840,000		7,754,337
2.000%, 11/15/41		5,000		4,524
2.000%, 02/15/50		5,127,000		4,618,105
2.000%, 08/15/51		3,675,000		3,315,539
2.250%, 05/15/41		12,370,000		11,677,570
2.250%, 08/15/46		7,787,000		7,283,278
2.250%, 08/15/49		170,000		161,646
2.250%, 02/15/52 (e)		6,400,000		6,138,000
2.375%, 02/15/42 (e)		6,600,000		6,365,906
2.375%, 11/15/49 (e)		4,475,000		4,377,459
2.500%, 02/15/45		6,750,000		6,574,395
2.750%, 11/15/42		9,475,000		9,622,307
2.750%, 08/15/47 (e)		8,000,000		8,290,938
2.875%, 05/15/43		10,415,000		10,781,966
2.875%, 08/15/45		7,840,000		8,171,975
2.875%, 05/15/49		27,000		29,036
3.000%, 11/15/44		238,000		252,206
3.000%, 02/15/47		276,000		296,970
3.000%, 02/15/48		470,000		512,061
3.125%, 05/15/48		1,942,000		2,168,213
3.500%, 02/15/39		859,700		984,961
3.625%, 08/15/43		4,950,000		5,742,773
3.625%, 02/15/44		4,325,000		5,029,840
3.750%, 11/15/43		2,908,000		3,439,392
3.875%, 08/15/40		5,950,000		7,106,996
4.250%, 05/15/39		2,850,000		3,568,846
4.375%, 02/15/38		720,000		910,828
4.375%, 05/15/41		1,200,000		1,524,891
5.250%, 02/15/29		500,000		588,984
6.000%, 02/15/26		2,525,000		2,852,954
U.S. Treasury Coupon Strips
Zero Coupon, 02/15/23		3,035,000		2,993,194
Zero Coupon, 05/15/23 (e)		39,945,000		39,146,035
Zero Coupon, 08/15/23 (e)		2,220,000		2,158,513
Zero Coupon, 11/15/23		796,000		768,614
Zero Coupon, 02/15/24		6,404,000		6,136,253
Zero Coupon, 08/15/24		2,500,000		2,361,424
Zero Coupon, 11/15/24		1,500,000		1,407,771
Zero Coupon, 02/15/25		2,000,000		1,863,899
Zero Coupon, 05/15/25		5,500,000		5,091,787
Zero Coupon, 11/15/26 (e)		1,014,129		906,100
Zero Coupon, 08/15/27		400,000		350,211
Zero Coupon, 11/15/27		570,000		495,800
Zero Coupon, 05/15/28		15,030,000		12,921,843
Zero Coupon, 08/15/28		250,000		213,879
Zero Coupon, 02/15/30		6,300,000		5,197,810
Zero Coupon, 05/15/30		700,000		575,159
Zero Coupon, 08/15/30		3,925,000		3,198,698
Zero Coupon, 11/15/30		5,425,000		4,396,311
U.S. Treasury—(Continued)
U.S. Treasury Coupon Strips
Zero Coupon, 02/15/31 (e)		1,775,000		1,428,867
Zero Coupon, 11/15/31		3,000,000		2,370,158
Zero Coupon, 02/15/32 (e)		12,900,000		10,125,432
Zero Coupon, 05/15/32		800,000		622,921
Zero Coupon, 08/15/33		400,000		301,206
Zero Coupon, 11/15/33		1,000,000		748,177
Zero Coupon, 02/15/34		2,000,000		1,486,394
Zero Coupon, 08/15/34		2,600,000		1,907,259
Zero Coupon, 05/15/35 (e)		4,000,000		2,877,758
U.S. Treasury Inflation Indexed Bond 1.750%, 01/15/28 (f)		670,830		767,969
U.S. Treasury Notes 0.375%, 12/31/25		20,000,000		18,467,969
0.375%, 01/31/26		1,300,000		1,197,777
0.375%, 09/30/27		3,560,000		3,178,273
0.500%, 02/28/26		13,735,000		12,698,437
0.625%, 08/15/30		1,850,000		1,606,898
0.875%, 06/30/26		8,330,000		7,780,090
0.875%, 09/30/26		665,000		618,996
0.875%, 11/15/30		5,770,000		5,109,380
1.000%, 07/31/28		9,750,000		8,921,631
1.250%, 03/31/28		7,080,000		6,603,759
1.250%, 06/30/28		7,779,500		7,236,758
1.250%, 08/15/31		770,000		699,978
1.375%, 11/15/31		2,148,500		1,971,249
1.500%, 02/15/30		1,105,000		1,035,938
1.625%, 02/15/26		782,300		756,203
1.625%, 08/15/29		1,080,000		1,024,186
1.625%, 05/15/31		3,640,000		3,427,003
1.750%, 12/31/24		15,985,900		15,664,933
1.750%, 12/31/26 (e)		1,539,500		1,489,587
1.750%, 11/15/29		1,540,000		1,473,467
1.875%, 02/28/29 (e)		9,200,000		8,880,875
2.000%, 06/30/24		2,308,000		2,286,813
2.000%, 11/15/26		910,000		890,094
2.125%, 02/29/24		663,000		660,617
2.250%, 02/15/27		550,000		544,242
2.500%, 02/28/26		405,000		404,430
2.750%, 05/31/23		663,000		669,423
2.750%, 02/15/24		2,300,000		2,317,609
2.875%, 04/30/25		450,000		454,641
2.875%, 05/31/25 (e)		4,920,000		4,970,353
2.875%, 05/15/28		6,936,100		7,097,852
				394,517,816
Total U.S. Treasury & Government Agencies (Cost $781,032,458)				764,784,862
Corporate Bonds & Notes—30.9%
Aerospace/Defense—0.8%
BAE Systems plc 1.900%, 02/15/31 (144A)		720,000		625,138
3.000%, 09/15/50 (144A)		332,000		282,113

BHFTI-179

Brighthouse Funds Trust I

JPMorgan Core Bond Portfolio

Schedule of Investments as of March 31, 2022 (Unaudited)

Corporate Bonds & Notes—(Continued)

Security Description	Principal Amount*		Value
Aerospace/Defense—(Continued)
Boeing Co. (The) 1.167%, 02/04/23		725,000	$	719,238
1.433%, 02/04/24		1,480,000		1,431,469
1.950%, 02/01/24		870,000		850,596
2.196%, 02/04/26		905,000		855,602
2.750%, 02/01/26 (e)		840,000		813,952
3.100%, 05/01/26		360,000		353,704
3.250%, 03/01/28		659,000		632,879
4.875%, 05/01/25		435,000		448,776
5.040%, 05/01/27		335,000		352,759
5.150%, 05/01/30		675,000		719,859
5.705%, 05/01/40		550,000		614,598
L3Harris Technologies, Inc. 1.800%, 01/15/31		640,000		556,080
Northrop Grumman Corp. 3.850%, 04/15/45		182,000		181,112
Raytheon Technologies Corp. 2.820%, 09/01/51		1,260,000		1,059,649
3.200%, 03/15/24		251,000		253,730
3.750%, 11/01/46		550,000		540,754
4.350%, 04/15/47		133,000		142,409
4.500%, 06/01/42		550,000		606,482
				12,040,899
Agriculture—0.3%
Altria Group, Inc. 2.450%, 02/04/32		1,250,000		1,086,588
BAT Capital Corp. 2.259%, 03/25/28		465,000		417,231
3.734%, 09/25/40 (e)		310,000		253,991
3.984%, 09/25/50		485,000		393,038
4.390%, 08/15/37		660,000		613,745
4.540%, 08/15/47		55,000		49,081
BAT International Finance plc 1.668%, 03/25/26 (e)		345,000		316,575
Bunge, Ltd. Finance Corp. 2.750%, 05/14/31		1,205,000		1,108,527
Reynolds American, Inc. 7.000%, 08/04/41		570,000		653,297
				4,892,073
Airlines—0.6%
Air Canada Pass-Through Trust 3.300%, 01/15/30 (144A)		420,250		400,879
3.550%, 01/15/30 (144A)		595,901		562,298
4.125%, 05/15/25 (144A)		734,713		713,592
British Airways Pass-Through Trust 3.300%, 12/15/32 (144A)		524,723		495,937
3.800%, 09/20/31 (144A)		513,269		506,218
4.125%, 09/20/31 (144A)		687,899		656,831
Continental Airlines Pass-Through Trust 4.000%, 10/29/24		120,840		120,502
Spirit Airlines Pass-Through Trust 3.375%, 02/15/30		239,365		223,589
Airlines—(Continued)
United Airlines Pass-Through Trust 3.100%, 10/07/28		760,953		696,920
3.500%, 03/01/30		1,082,397		1,046,029
3.700%, 03/01/30		1,021,523		951,588
4.000%, 04/11/26		384,864		386,261
4.150%, 08/25/31		1,114,865		1,125,174
4.300%, 08/15/25		523,780		523,043
4.600%, 03/01/26		571,571		521,908
				8,930,769
Auto Manufacturers—0.8%
General Motors Co. 6.125%, 10/01/25		385,000		413,306
General Motors Financial Co., Inc. 1.200%, 10/15/24		410,000		389,211
1.250%, 01/08/26		1,376,000		1,259,133
2.350%, 01/08/31		424,000		366,879
2.700%, 06/10/31		720,000		633,975
4.350%, 01/17/27		332,000		337,616
Hyundai Capital America 1.150%, 11/10/22 (144A)		1,183,000		1,174,789
1.300%, 01/08/26 (144A)		325,000		297,710
1.500%, 06/15/26 (144A)		645,000		586,346
1.800%, 10/15/25 (144A)		380,000		354,911
1.800%, 01/10/28 (144A)		635,000		560,800
2.375%, 10/15/27 (144A)		400,000		366,210
3.000%, 02/10/27 (144A)		240,000		229,213
Nissan Motor Co., Ltd.
4.345%, 09/17/27 (144A)		2,254,000		2,221,041
4.810%, 09/17/30 (144A)		868,000		860,496
Stellantis Finance U.S., Inc. 2.691%, 09/15/31 (144A) (e)		606,000		531,924
Volkswagen Group of America Finance LLC 1.625%, 11/24/27 (144A)		560,000		497,202
				11,080,762
Auto Parts & Equipment—0.0%
Lear Corp. 2.600%, 01/15/32		355,000		313,572
Banks—7.3%
ABN AMRO Bank NV 1.542%, 1Y H15 + 0.800%, 06/16/27 (144A) (a)		1,100,000		1,008,639
2.470%, 1Y H15 + 1.100%, 12/13/29 (144A) (a)		200,000		182,799
4.750%, 07/28/25 (144A)		500,000		511,125
AIB Group plc 4.263%, 3M LIBOR + 1.874%, 04/10/25 (144A) (a)		425,000		425,813
4.750%, 10/12/23 (144A)		1,340,000		1,363,113
Australia & New Zealand Banking Group, Ltd. 4.400%, 05/19/26 (144A)		200,000		203,724
Banco Nacional de Panama 2.500%, 08/11/30 (144A)		950,000		838,974
Banco Santander S.A.
1.722%, 1Y H15 + 0.900%, 09/14/27 (a)		400,000		361,281
1.849%, 03/25/26		600,000		560,797

BHFTI-180

Brighthouse Funds Trust I

JPMorgan Core Bond Portfolio

Schedule of Investments as of March 31, 2022 (Unaudited)

Corporate Bonds & Notes—(Continued)

Security Description	Principal Amount*		Value
Banks—(Continued)
Banco Santander S.A.
2.746%, 05/28/25		600,000	$	584,679
2.749%, 12/03/30		400,000		352,038
Bank of America Corp. 1.658%, SOFR + 0.910%, 03/11/27 (a)		2,045,000		1,906,292
1.898%, SOFR + 1.530%, 07/23/31 (a)		445,000		388,606
2.087%, SOFR + 1.060%, 06/14/29 (a) (e)		1,018,000		929,885
2.572%, SOFR + 1.210%, 10/20/32 (a) (e)		855,000		776,907
3.366%, 3M LIBOR + 0.810%, 01/23/26 (a)		600,000		600,303
3.550%, 3M LIBOR + 0.780%, 03/05/24 (a)		2,562,000		2,576,627
3.705%, 3M LIBOR + 1.512%, 04/24/28 (a)		2,500,000		2,515,988
3.970%, 3M LIBOR + 1.070%, 03/05/29 (a)		382,000		387,813
4.000%, 01/22/25		1,071,000		1,090,610
4.250%, 10/22/26		520,000		535,222
Bank of Ireland Group plc 2.029%, 1Y H15 + 1.100%, 09/30/27 (144A) (a)		655,000		593,214
Bank of Montreal 3.803%, 5Y USD Swap + 1.432%, 12/15/32 (a)		433,000		427,899
Banque Federative du Credit Mutuel S.A. 1.604%, 10/04/26 (144A)		840,000		772,900
3.750%, 07/20/23 (144A)		1,070,000		1,083,772
Barclays plc 1.007%, 1Y H15 + 0.800%, 12/10/24 (a)		1,102,000		1,057,997
2.894%, 1Y H15 + 1.300%, 11/24/32 (a)		460,000		417,235
3.650%, 03/16/25		254,000		254,470
4.338%, 3M LIBOR + 1.356%, 05/16/24 (a)		500,000		507,644
5.200%, 05/12/26		250,000		259,940
BNP Paribas S.A. 1.323%, SOFR + 1.004%, 01/13/27 (144A) (a)		318,000		289,560
2.159%, SOFR + 1.218%, 09/15/29 (144A) (a)		1,117,000		993,758
2.219%, SOFR + 2.074%, 06/09/26 (144A) (a)		402,000		382,264
3.052%, SOFR + 1.507%, 01/13/31 (144A) (a)		815,000		762,372
BNZ International Funding, Ltd. 2.650%, 11/03/22 (144A)		842,000		846,071
BPCE S.A. 1.000%, 01/20/26 (144A)	570,000		522,647
1.652%, SOFR + 1.520%, 10/06/26 (144A) (a)		534,000		492,742
2.277%, SOFR + 1.312%, 01/20/32 (144A) (a) (e)		415,000		364,427
3.375%, 12/02/26		700,000		693,926
4.625%, 07/11/24 (144A)		400,000		407,298
Citigroup, Inc. 2.561%, SOFR + 1.167%, 05/01/32 (a)		915,000		825,119
3.057%, SOFR + 1.351%, 01/25/33 (a)		527,000		492,394
3.668%, 3M LIBOR + 1.390%, 07/24/28 (a)		1,952,000		1,952,432
3.878%, 3M LIBOR + 1.168%, 01/24/39 (a)		150,000		149,865
4.075%, 3M LIBOR + 1.192%, 04/23/29 (a)		667,000		679,793
4.300%, 11/20/26		750,000		771,284
4.400%, 06/10/25		566,000		582,243
4.450%, 09/29/27		1,294,000		1,334,679
Citizens Financial Group, Inc. 2.638%, 09/30/32		193,000		170,243
Commonwealth Bank of Australia 3.305%, 03/11/41 † (144A)		355,000		309,403
Cooperative Rabobank UA 3.750%, 07/21/26		513,000		509,892
4.375%, 08/04/25		424,000		430,895
Banks—(Continued)
Credit Agricole S.A. 1.247%, SOFR + 0.892%, 01/26/27 (144A) (a)		1,183,000		1,076,264
1.907%, SOFR + 1.676%, 06/16/26 (144A) (a)		750,000		707,970
2.811%, 01/11/41 † (144A)		410,000		338,671
4.375%, 03/17/25 (144A)		295,000		298,316
Credit Suisse Group AG 1.305%, SOFR + 0.980%, 02/02/27 (144A) (a)		1,615,000		1,444,450
2.193%, SOFR + 2.044%, 06/05/26 (144A) (a)		360,000		338,069
4.282%, 01/09/28 (144A)		783,000		782,113
Danske Bank A/S 1.171%, 1Y H15 + 1.030%, 12/08/23 (144A) (a)		1,432,000		1,413,525
Deutsche Bank AG 2.129%, SOFR + 1.870%, 11/24/26 (a)		615,000		570,100
2.222%, SOFR + 2.159%, 09/18/24 (a)		1,145,000		1,119,944
3.035%, SOFR + 1.718%, 05/28/32 (a)		1,351,000		1,214,069
Discover Bank 4.250%, 03/13/26		1,229,000		1,263,039
DNB Bank ASA 1.605%, 1Y H15 + 0.680%, 03/30/28 (144A) (a)		1,030,000		930,192
Fifth Third Bancorp 8.250%, 03/01/38		200,000		295,471
Goldman Sachs Group, Inc. (The) 1.431%, SOFR + 0.798%, 03/09/27 (a)		2,000,000		1,843,002
1.948%, SOFR + 0.913%, 10/21/27 (a)		781,000		725,821
1.992%, SOFR + 1.090%, 01/27/32 (a)		950,000		822,966
2.640%, SOFR + 1.114%, 02/24/28 (a)		920,000		879,637
3.691%, 3M LIBOR + 1.510%, 06/05/28 (a) (e)		2,614,000		2,616,999
4.411%, 3M LIBOR + 1.430%, 04/23/39 (a) (e)		445,000		469,396
HSBC Holdings plc 2.206%, SOFR + 1.285%, 08/17/29 (a)		630,000		566,663
2.357%, SOFR + 1.947%, 08/18/31 (a)		890,000		789,352
3.900%, 05/25/26		200,000		201,913
4.041%, 3M LIBOR + 1.546%, 03/13/28 (a)		432,000		433,197
4.250%, 03/14/24		500,000		507,309
4.250%, 08/18/25		300,000		303,418
6.100%, 01/14/42		370,000		467,764
6.500%, 09/15/37 (e)		930,000		1,132,425
ING Groep NV 1.726%, SOFR + 1.005%, 04/01/27 (a)		285,000		262,868
KeyCorp 4.150%, 10/29/25		275,000		282,947
Lloyds Banking Group plc 1.627%, 1Y H15 + 0.850%, 05/11/27 (a)		720,000		660,205
2.907%, 3M LIBOR + 0.810%, 11/07/23 (a)		300,000		300,421
4.375%, 03/22/28		633,000		646,847
4.450%, 05/08/25		540,000		553,391
4.500%, 11/04/24		685,000		699,936
4.582%, 12/10/25		400,000		408,232
Macquarie Bank, Ltd. 3.052%, 5Y H15 + 1.700%, 03/03/36 (144A) (a)		825,000		726,582
4.000%, 07/29/25 (144A)		250,000		254,299
Macquarie Group, Ltd. 5.033%, 3M LIBOR + 1.750%, 01/15/30 (144A) (a)		1,820,000		1,907,751
Mitsubishi UFJ Financial Group, Inc.
2.048%, 07/17/30		1,020,000		903,033
2.527%, 09/13/23 (e)		250,000		249,752

BHFTI-181

Brighthouse Funds Trust I

JPMorgan Core Bond Portfolio

Schedule of Investments as of March 31, 2022 (Unaudited)

Corporate Bonds & Notes—(Continued)

Security Description	Principal Amount*		Value
Banks—(Continued)
Mitsubishi UFJ Financial Group, Inc.
3.751%, 07/18/39 (e)		615,000	$	604,011
Mizuho Financial Group, Inc. 1.234%, 1Y H15 + 0.670%, 05/22/27 (a) (e)		772,000		702,259
2.226%, 3M LIBOR + 0.830%, 05/25/26 (a)		795,000		762,112
2.869%, SOFR + 1.572%, 09/13/30 (a) (e)		539,000		508,573
Morgan Stanley
2.188%, SOFR + 1.990%, 04/28/26 (a)		250,000		241,492
2.720%, SOFR + 1.152%, 07/22/25 (a)		251,000		248,483
3.125%, 07/27/26		606,000		600,771
3.591%, 3M LIBOR + 1.340%, 07/22/28 (a) (e)		1,067,000		1,069,967
3.700%, 10/23/24		749,000		762,441
3.772%, 3M LIBOR + 1.140%, 01/24/29 (a)		278,000		280,169
3.875%, 04/29/24		700,000		714,072
4.300%, 01/27/45		400,000		420,702
4.431%, 3M LIBOR + 1.628%, 01/23/30 (a)		1,157,000		1,209,742
4.457%, 3M LIBOR + 1.431%, 04/22/39 (a)		850,000		916,684
5.000%, 11/24/25		663,000		698,882
MUFG Bank, Ltd. 4.100%, 09/09/23 (144A)		364,000		372,116
National Australia Bank, Ltd.
2.332%, 08/21/30 (144A)		470,000		408,847
3.933%, 5Y H15 + 1.880%, 08/02/34 (144A) (a)		800,000		782,146
NatWest Group plc
3.073%, 1Y H15 + 2.550%, 05/22/28 (a)		570,000		547,133
3.754%, 5Y H15 + 2.100%, 11/01/29 (a)		700,000		694,455
4.269%, 3M LIBOR + 1.762%, 03/22/25 (a)		480,000		485,567
4.800%, 04/05/26		1,037,000		1,072,060
4.892%, 3M LIBOR + 1.754%, 05/18/29 (a)		290,000		301,448
Nordea Bank Abp 1.500%, 09/30/26 (144A)		443,000		406,712
PNC Bank NA 2.500%, 08/27/24		580,000		575,390
Royal Bank of Canada 4.650%, 01/27/26		495,000		515,948
Santander UK Group Holdings plc 1.673%, SOFR + 0.989%, 06/14/27 (a)		680,000		618,680
Societe Generale S.A.
1.488%, 1Y H15 + 1.100%, 12/14/26 (144A) (a)		1,552,000		1,403,052
1.792%, 1Y H15 + 1.000%, 06/09/27 (144A) (a)		720,000		648,770
2.889%, 1Y H15 + 1.300%, 06/09/32 (144A) (a)		1,670,000		1,496,422
4.250%, 04/14/25 (144A)		785,000		780,551
Standard Chartered plc
1.456%, 1Y H15 + 1.000%, 01/14/27 (144A) (a) (e)		365,000		331,825
2.819%, 3M LIBOR + 1.209%, 01/30/26 (144A) (a)		740,000		719,657
4.300%, 02/19/27 (144A) (e)		700,000		700,605
4.866%, 5Y USD ICE Swap + 1.970%, 03/15/33 (144A) (a) (e)		300,000		299,388
Sumitomo Mitsui Financial Group, Inc.
1.474%, 07/08/25		2,111,000		1,986,259
3.010%, 10/19/26		212,000		207,726
3.040%, 07/16/29		1,020,000		980,902
3.102%, 01/17/23		482,000		486,068
SunTrust Banks, Inc. 2.750%, 05/01/23		1,200,000		1,207,351
UBS Group AG
1.494%, 1Y H15 + 0.850%, 08/10/27 (144A) (a)		415,000		376,692
Banks—(Continued)
UBS Group AG
2.095%, 1Y H15 + 1.000%, 02/11/32 (144A) (a)		1,070,000		935,541
2.859%, 3M LIBOR + 0.954%, 08/15/23 (144A) (a)		276,000		276,415
3.491%, 05/23/23 (144A)		762,000		763,091
4.125%, 09/24/25 (144A)		850,000		865,871
UniCredit S.p.A.
1.982%, 1Y H15 + 1.200%, 06/03/27 (144A) (a)		345,000		310,977
2.569%, 1Y H15 + 2.300%, 09/22/26 (144A) (a)		710,000		655,970
5.861%, 5Y USD ICE Swap + 3.703%, 06/19/32 (144A) (a)		455,000		447,037
7.296%, 5Y USD ICE Swap + 4.914%, 04/02/34 (144A) (a)		230,000		243,612
Wells Fargo & Co.
3.196%, 3M LIBOR + 1.170%, 06/17/27 (a)		1,816,000		1,792,084
4.650%, 11/04/44		595,000		632,549
5.375%, 11/02/43		1,005,000		1,165,625
Westpac Banking Corp.
3.133%, 11/18/41		693,000		594,729
4.322%, 5Y USD ICE Swap + 2.236%, 11/23/31 (a)		1,050,000		1,056,024
				106,733,587
Beverages—0.6%
Anheuser-Busch Cos. LLC / Anheuser-Busch InBev Worldwide, Inc. 4.700%, 02/01/36		1,103,000		1,182,985
Anheuser-Busch InBev Finance, Inc. 4.625%, 02/01/44		185,000		197,122
Anheuser-Busch InBev Worldwide, Inc.
4.375%, 04/15/38		1,300,000		1,366,004
4.439%, 10/06/48		950,000		994,459
4.600%, 06/01/60		315,000		334,797
4.750%, 04/15/58		775,000		840,388
Beam Suntory, Inc. 3.250%, 05/15/22		760,000		760,877
Coca-Cola Femsa S.A.B. de C.V.
1.850%, 09/01/32		515,000		446,835
2.750%, 01/22/30		610,000		583,788
Constellation Brands, Inc.
4.400%, 11/15/25		300,000		309,559
5.250%, 11/15/48		180,000		201,161
Fomento Economico Mexicano S.A.B. de C.V. 3.500%, 01/16/50		790,000		730,655
Keurig Dr Pepper, Inc.
3.430%, 06/15/27		175,000		174,935
4.417%, 05/25/25		268,000		276,948
4.985%, 05/25/38		387,000		423,872
				8,824,385
Biotechnology—0.3%
Amgen, Inc.
2.200%, 02/21/27		430,000		413,591
3.000%, 01/15/52		595,000		503,235
Baxalta, Inc. 5.250%, 06/23/45		27,000		30,995
Biogen, Inc. 2.250%, 05/01/30		450,000		404,886
Gilead Sciences, Inc.
2.600%, 10/01/40		945,000		795,681
3.250%, 09/01/22		365,000		366,594

BHFTI-182

Brighthouse Funds Trust I

JPMorgan Core Bond Portfolio

Schedule of Investments as of March 31, 2022 (Unaudited)

Corporate Bonds & Notes—(Continued)

Security Description	Principal Amount*		Value
Biotechnology—(Continued)
Regeneron Pharmaceuticals, Inc. 1.750%, 09/15/30		1,000,000	$	867,776
Royalty Pharma plc
0.750%, 09/02/23 (e)		725,000		703,881
1.200%, 09/02/25		303,000		278,720
2.150%, 09/02/31		447,000		383,243
				4,748,602
Building Materials—0.2%
CRH America Finance, Inc. 3.400%, 05/09/27 (144A)		214,000		213,308
Lennox International, Inc. 1.350%, 08/01/25		1,630,000		1,525,942
Martin Marietta Materials, Inc. 3.450%, 06/01/27		499,000		500,547
Masco Corp.
2.000%, 10/01/30		260,000		225,107
6.500%, 08/15/32		720,000		848,477
				3,313,381
Chemicals—0.2%
Albemarle Corp. 5.450%, 12/01/44		350,000		388,723
Chevron Phillips Chemical Co. LLC / Chevron Phillips Chemical Co., L.P. 5.125%, 04/01/25 (144A)		630,000		664,056
DuPont de Nemours, Inc. 5.319%, 11/15/38		945,000		1,085,378
International Flavors & Fragrances, Inc.
1.832%, 10/15/27 (144A)		330,000		299,962
5.000%, 09/26/48		404,000		443,109
Nutrien, Ltd.
3.000%, 04/01/25		200,000		199,156
4.125%, 03/15/35		620,000		627,096
				3,707,480
Commercial Services—0.6%
ERAC USA Finance LLC
3.850%, 11/15/24 (144A)		925,000		940,541
7.000%, 10/15/37 (144A)		500,000		652,690
Ford Foundation (The) 2.815%, 06/01/70		275,000		226,856
Global Payments, Inc.
2.900%, 05/15/30		211,000		194,741
2.900%, 11/15/31		404,000		368,071
3.200%, 08/15/29		1,437,000		1,365,169
Pepperdine University 3.301%, 12/01/59		450,000		411,534
Quanta Services, Inc.
2.350%, 01/15/32 (e)		855,000		742,222
2.900%, 10/01/30		1,110,000		1,026,989
S&P Global, Inc.
2.900%, 03/01/32 (144A)		581,000		563,251
4.250%, 05/01/29 (144A)		1,056,000		1,112,038
Commercial Services—(Continued)
Triton Container International, Ltd. 1.150%, 06/07/24 (144A)		850,000		806,414
University of Southern California 3.226%, 10/01/2120		440,000		362,763
				8,773,279
Computers—0.5%
Apple, Inc.
2.700%, 08/05/51 (e)		965,000		838,872
3.750%, 09/12/47		1,200,000		1,247,653
3.750%, 11/13/47		200,000		207,471
3.850%, 08/04/46		362,000		382,219
CGI, Inc.
1.450%, 09/14/26 (144A)		659,000		605,388
2.300%, 09/14/31 (144A)		1,184,000		1,032,682
Dell International LLC / EMC Corp.
5.450%, 06/15/23		99,000		101,984
6.020%, 06/15/26		1,786,000		1,934,647
HP, Inc. 3.000%, 06/17/27 (e)		490,000		476,693
Leidos, Inc. 2.300%, 02/15/31		365,000		316,400
				7,144,009
Cosmetics/Personal Care—0.1%
Estee Lauder Cos., Inc. (The) 2.600%, 04/15/30		1,470,000		1,413,951
GSK Consumer Healthcare Capital U.S. LLC 3.625%, 03/24/32 (144A)		780,000		779,267
				2,193,218
Distribution/Wholesale—0.0%
WW Grainger, Inc. 4.600%, 06/15/45		190,000		208,616
Diversified Financial Services—2.4%
AerCap Ireland Capital DAC / AerCap Global Aviation Trust
1.750%, 01/30/26		393,000		360,558
2.450%, 10/29/26		390,000		360,731
2.875%, 08/14/24		770,000		748,849
3.000%, 10/29/28		485,000		447,261
3.300%, 01/30/32		460,000		414,671
4.450%, 04/03/26		478,000		482,791
4.500%, 09/15/23		1,830,000		1,843,759
6.500%, 07/15/25		208,000		220,259
Air Lease Corp.
2.875%, 01/15/26		600,000		579,104
3.250%, 03/01/25		484,000		477,452
3.250%, 10/01/29		1,065,000		1,005,465
3.375%, 07/01/25		1,266,000		1,247,752
American Express Co. 3.400%, 02/27/23		600,000		607,252
Aviation Capital Group LLC 5.500%, 12/15/24 (144A)		698,000		718,412

BHFTI-183

Brighthouse Funds Trust I

JPMorgan Core Bond Portfolio

Schedule of Investments as of March 31, 2022 (Unaudited)

Corporate Bonds & Notes—(Continued)

Security Description	Principal Amount*		Value
Diversified Financial Services—(Continued)
Avolon Holdings Funding, Ltd.
2.125%, 02/21/26 (144A)		445,000	$	406,299
2.528%, 11/18/27 (144A)		5,211,000		4,603,155
2.875%, 02/15/25 (144A)		339,000		325,500
4.250%, 04/15/26 (144A)		885,000		872,747
4.375%, 05/01/26 (144A)		540,000		532,713
5.250%, 05/15/24 (144A)		805,000		821,833
5.500%, 01/15/26 (144A)		1,140,000		1,176,544
Blackstone Secured Lending Fund 3.650%, 07/14/23		610,000		613,372
BOC Aviation, Ltd.
2.750%, 09/18/22 (144A)		480,000		480,057
3.500%, 10/10/24 (144A)		385,000		384,560
Brookfield Finance, Inc.
3.900%, 01/25/28		358,000		359,515
4.700%, 09/20/47		84,000		89,031
4.850%, 03/29/29		485,000		516,957
Capital One Financial Corp.
2.618%, SOFR + 1.265%, 11/02/32 (a)		735,000		661,839
3.750%, 07/28/26		860,000		864,213
4.200%, 10/29/25		200,000		204,572
Daiwa Securities Group, Inc. 3.129%, 04/19/22 (144A)		439,000		439,334
LSEGA Financing plc 2.000%, 04/06/28 (144A)		1,445,000		1,316,027
Nomura Holdings, Inc.
2.648%, 01/16/25		845,000		821,962
2.679%, 07/16/30		540,000		490,797
ORIX Corp. 2.900%, 07/18/22		362,000		363,367
Park Aerospace Holdings, Ltd.
4.500%, 03/15/23 (144A)		320,000		322,275
5.500%, 02/15/24 (144A)		96,000		98,255
Private Export Funding Corp.
2.800%, 05/15/22		1,000,000		1,002,832
3.550%, 01/15/24		7,383,000		7,522,365
				34,804,437
Electric—3.0%
AEP Transmission Co. LLC 3.150%, 09/15/49		225,000		199,225
Alabama Power Co. 3.550%, 12/01/23		461,000		466,684
Alexander Funding Trust 1.841%, 11/15/23 (144A)		800,000		775,425
Baltimore Gas & Electric Co. 5.200%, 06/15/33		1,510,000		1,664,563
Berkshire Hathaway Energy Co. 6.125%, 04/01/36		325,000		400,231
CenterPoint Energy, Inc. 1.450%, 06/01/26		699,000		647,832
China Southern Power Grid International Finance BVI Co., Ltd. 3.500%, 05/08/27 (144A)		960,000		962,073
Cleveland Electric Illuminating Co. (The) 4.550%, 11/15/30 (144A)		250,000		262,661
Electric—(Continued)
Constellation Energy Generation LLC
5.750%, 10/01/41		260,000		280,887
6.250%, 10/01/39		160,000		180,386
Consumers Energy Co. 4.350%, 08/31/64		191,000		202,092
Delmarva Power & Light Co. 4.150%, 05/15/45		500,000		506,879
Dominion Energy, Inc. 2.850%, 08/15/26		183,000		180,964
DTE Electric Co. 5.700%, 10/01/37		300,000		353,477
Duke Energy Indiana LLC 3.750%, 05/15/46		350,000		343,267
Duke Energy Progress LLC
2.900%, 08/15/51		470,000		411,685
4.100%, 03/15/43		200,000		203,747
4.375%, 03/30/44		247,000		261,668
5.700%, 04/01/35		360,000		423,510
Duquesne Light Holdings, Inc.
2.532%, 10/01/30 (144A)		450,000		403,646
2.775%, 01/07/32 (144A)		280,000		250,251
3.616%, 08/01/27 (144A)		1,050,000		1,035,660
Edison International 3.550%, 11/15/24		1,180,000		1,183,667
Emera U.S. Finance L.P. 4.750%, 06/15/46		500,000		521,212
Enel Finance International NV 3.500%, 04/06/28 (144A)		465,000		459,120
Entergy Arkansas LLC 2.650%, 06/15/51		285,000		232,375
3.050%, 06/01/23		765,000		764,294
Entergy Corp. 2.950%, 09/01/26		194,000		190,758
Entergy Louisiana LLC
2.400%, 10/01/26		414,000		402,879
2.900%, 03/15/51		390,000		336,454
3.050%, 06/01/31		195,000		189,707
Evergy Metro, Inc. 5.300%, 10/01/41		315,000		361,758
Exelon Corp. 3.497%, 06/01/22		600,000		600,715
Fells Point Funding Trust 3.046%, 01/31/27 (144A)		1,895,000		1,816,563
Florida Power & Light Co. 5.625%, 04/01/34		1,250,000		1,503,069
Fortis, Inc. 3.055%, 10/04/26		929,000		918,202
Indiana Michigan Power Co. 3.200%, 03/15/23		330,000		332,509
ITC Holdings Corp. 2.950%, 05/14/30 (144A)		330,000		312,621
Jersey Central Power & Light Co. 6.150%, 06/01/37		200,000		241,548
Massachusetts Electric Co. 4.004%, 08/15/46 (144A)		402,000		382,957
Mid-Atlantic Interstate Transmission LLC 4.100%, 05/15/28 (144A)		340,000		343,049

BHFTI-184

Brighthouse Funds Trust I

JPMorgan Core Bond Portfolio

Schedule of Investments as of March 31, 2022 (Unaudited)

Corporate Bonds & Notes—(Continued)

Security Description	Principal Amount*		Value
Electric—(Continued)
Nevada Power Co.
5.375%, 09/15/40		223,000	$	256,955
6.650%, 04/01/36		360,000		460,304
New England Power Co. 3.800%, 12/05/47 (144A)		280,000		263,279
New York State Electric & Gas Corp. 3.250%, 12/01/26 (144A)		434,000		430,518
Niagara Mohawk Power Corp.
1.960%, 06/27/30 (144A)		700,000		622,076
3.508%, 10/01/24 (144A)		305,000		305,830
Northern States Power Co. 6.500%, 03/01/28		628,000		716,593
NRG Energy, Inc.
2.000%, 12/02/25 (144A)		560,000		526,557
2.450%, 12/02/27 (144A)		625,000		576,440
OGE Energy Corp. 0.703%, 05/26/23		435,000		426,161
Ohio Power Co. 2.900%, 10/01/51		635,000		526,217
Oklahoma Gas and Electric Co. 0.553%, 05/26/23		525,000		513,685
Oncor Electric Delivery Co. LLC 3.100%, 09/15/49		670,000		613,875
Pacific Gas and Electric Co.
1.367%, 03/10/23		1,245,000		1,223,075
1.700%, 11/15/23		540,000		526,361
1.750%, 06/16/22		3,360,000		3,356,184
2.950%, 03/01/26		380,000		361,088
3.250%, 02/16/24		1,525,000		1,517,906
3.450%, 07/01/25		600,000		585,270
3.750%, 08/15/42		245,000		199,322
4.300%, 03/15/45		420,000		357,740
PacifiCorp 3.600%, 04/01/24		315,000		319,599
Pennsylvania Electric Co. 3.250%, 03/15/28 (144A)		113,000		108,739
PPL Electric Utilities Corp. 2.500%, 09/01/22		300,000		300,357
Progress Energy, Inc. 7.000%, 10/30/31		200,000		247,756
Public Service Co. of Colorado 2.500%, 03/15/23		400,000		400,985
Public Service Co. of Oklahoma 6.625%, 11/15/37		600,000		743,916
Puget Energy, Inc. 2.379%, 06/15/28		853,000		779,864
San Diego Gas & Electric Co. 2.950%, 08/15/51		635,000		557,801
Sierra Pacific Power Co. 3.375%, 08/15/23		556,000		559,982
Southern California Edison Co.
3.650%, 03/01/28		500,000		499,233
5.550%, 01/15/36		500,000		562,269
Southern Power Co. 5.150%, 09/15/41		400,000		424,527
Electric—(Continued)
Southwestern Public Service Co. 4.500%, 08/15/41		250,000		265,037
Tampa Electric Co. 4.450%, 06/15/49		500,000		536,127
Toledo Edison Co. (The) 6.150%, 05/15/37		400,000		487,392
Tri-State Generation & Transmission Association, Inc. 4.250%, 06/01/46		206,000		203,119
Virginia Electric & Power Co.
4.450%, 02/15/44		126,000		134,824
6.000%, 05/15/37		685,000		837,469
				43,844,702
Electronics—0.1%
Arrow Electronics, Inc.
3.250%, 09/08/24		439,000		439,793
3.875%, 01/12/28		376,000		377,256
				817,049
Engineering & Construction—0.0%
Mexico City Airport Trust 5.500%, 07/31/47 (144A)		200,000		176,252
Food—0.4%
Bimbo Bakeries USA, Inc. 4.000%, 05/17/51 (144A) (e)		695,000		648,521
Campbell Soup Co. 3.125%, 04/24/50		287,000		238,863
Conagra Brands, Inc. 5.300%, 11/01/38		205,000		225,361
Kraft Heinz Foods Co.
4.375%, 06/01/46		460,000		454,314
4.625%, 10/01/39		600,000		608,058
Kroger Co. (The) 8.000%, 09/15/29		610,000		782,247
McCormick and Co., Inc. 2.500%, 04/15/30		1,239,000		1,149,046
Smithfield Foods, Inc.
3.000%, 10/15/30 (144A)		1,160,000		1,052,772
5.200%, 04/01/29 (144A)		1,100,000		1,154,001
Tyson Foods, Inc. 5.150%, 08/15/44		100,000		113,306
				6,426,489
Forest Products & Paper—0.0%
International Paper Co. 8.700%, 06/15/38		250,000		365,084
Gas—0.5%
APT Pipelines, Ltd.
4.200%, 03/23/25 (144A)		700,000		709,698
4.250%, 07/15/27 (144A)		687,000		704,598
Atmos Energy Corp.
0.625%, 03/09/23		310,000		305,390
4.150%, 01/15/43		460,000		465,034

BHFTI-185

Brighthouse Funds Trust I

JPMorgan Core Bond Portfolio

Schedule of Investments as of March 31, 2022 (Unaudited)

Corporate Bonds & Notes—(Continued)

Security Description	Principal Amount*		Value
Gas—(Continued)
Brooklyn Union Gas Co. (The) 4.273%, 03/15/48 (144A)		500,000	$	487,676
KeySpan Gas East Corp. 2.742%, 08/15/26 (144A)		345,000		332,269
NiSource, Inc.
1.700%, 02/15/31		570,000		483,495
2.950%, 09/01/29		465,000		443,124
Southern California Gas Co. 2.550%, 02/01/30		829,000		782,664
Southern Co. Gas Capital Corp.
3.950%, 10/01/46		212,000		200,112
4.400%, 06/01/43		375,000		375,132
6.000%, 10/01/34		1,000,000		1,146,946
Southwest Gas Corp. 3.800%, 09/29/46		332,000		300,222
				6,736,360
Healthcare-Products—0.1%
Thermo Fisher Scientific, Inc. 2.000%, 10/15/31		1,065,000		956,050
Zimmer Biomet Holdings, Inc. 2.600%, 11/24/31		904,000		825,025
				1,781,075
Healthcare-Services—1.1%
Aetna, Inc. 6.625%, 06/15/36		297,000		374,037
Anthem, Inc.
4.101%, 03/01/28		460,000		477,195
4.650%, 08/15/44		324,000		353,049
Bon Secours Mercy Health, Inc. 3.205%, 06/01/50		625,000		529,498
Children’s Hospital Corp. (The)
2.585%, 02/01/50		430,000		343,992
2.928%, 07/15/50		540,000		442,413
CommonSpirit Health
1.547%, 10/01/25		435,000		407,857
2.782%, 10/01/30		430,000		400,736
3.910%, 10/01/50		425,000		404,903
Cottage Health Obligated Group 3.304%, 11/01/49		500,000		461,927
Hackensack Meridian Health, Inc.
2.675%, 09/01/41 (e)		1,180,000		1,009,909
2.875%, 09/01/50		700,000		591,912
Hartford HealthCare Corp. 3.447%, 07/01/54 (e)		1,100,000		1,038,388
HCA, Inc.
3.500%, 07/15/51		840,000		728,349
5.125%, 06/15/39		565,000		609,270
5.250%, 06/15/26		1,540,000		1,625,478
Memorial Health Services 3.447%, 11/01/49		995,000		935,603
MidMichigan Health 3.409%, 06/01/50		245,000		215,005
Healthcare-Services—(Continued)
MultiCare Health System 2.803%, 08/15/50		365,000		301,638
NYU Langone Hospitals 3.380%, 07/01/55		410,000		363,676
Piedmont Healthcare, Inc. 2.864%, 01/01/52		620,000		505,845
Providence St. Joseph Health Obligated Group 2.746%, 10/01/26		210,000		207,832
Quest Diagnostics, Inc. 3.450%, 06/01/26		140,000		141,236
Texas Health Resources
2.328%, 11/15/50		340,000		258,407
4.330%, 11/15/55		250,000		279,079
UnitedHealth Group, Inc.
3.250%, 05/15/51		900,000		845,339
4.625%, 07/15/35		320,000		357,615
Universal Health Services, Inc. 2.650%, 10/15/30 (144A)		1,190,000		1,080,297
Yale-New Haven Health Services Corp. 2.496%, 07/01/50		580,000		453,739
				15,744,224
Home Builders—0.0%
Lennar Corp. 4.500%, 04/30/24		280,000		287,040
Insurance—1.1%
AIA Group, Ltd.
3.600%, 04/09/29 (144A)		495,000		498,595
3.900%, 04/06/28 (144A)		415,000		422,520
AIG SunAmerica Global Financing X 6.900%, 03/15/32 (144A) (e)		500,000		628,943
American Financial Group, Inc. 3.500%, 08/15/26		750,000		756,835
Aon plc 3.500%, 06/14/24		485,000		489,106
Assurant, Inc. 4.200%, 09/27/23		605,000		615,170
Athene Global Funding
0.950%, 01/08/24 (144A)		408,000		392,888
1.450%, 01/08/26 (144A)		420,000		388,609
2.500%, 01/14/25 (144A)		115,000		111,613
2.750%, 06/25/24 (144A)		890,000		876,550
2.950%, 11/12/26 (144A)		2,125,000		2,057,315
Berkshire Hathaway Finance Corp.
3.850%, 03/15/52		620,000		633,991
4.300%, 05/15/43		831,000		886,735
Corebridge Financial, Inc. 3.850%, 04/05/29 (144A)		390,000		389,645
Dai-ichi Life Insurance Co., Ltd. (The) 4.000%, 3M LIBOR + 3.660%, 07/24/26 (144A) (a)		759,000		754,583
F&G Global Funding 1.750%, 06/30/26 (144A)		585,000		543,722
Guardian Life Insurance Co. of America (The) 4.850%, 01/24/77 † (144A)		156,000		177,982

BHFTI-186

Brighthouse Funds Trust I

JPMorgan Core Bond Portfolio

Schedule of Investments as of March 31, 2022 (Unaudited)

Corporate Bonds & Notes—(Continued)

Security Description	Principal Amount*		Value
Insurance—(Continued)
Hanover Insurance Group, Inc. (The) 2.500%, 09/01/30		380,000	$	345,397
Hartford Financial Services Group, Inc. (The) 4.300%, 04/15/43		400,000		401,962
Intact U.S. Holdings, Inc. 4.600%, 11/09/22		750,000		758,203
Jackson National Life Global Funding 3.250%, 01/30/24 (144A)		460,000		463,154
Liberty Mutual Insurance Co. 8.500%, 05/15/25 (144A)		800,000		915,773
Massachusetts Mutual Life Insurance Co. 7.625%, 11/15/23 (144A)		394,000		417,650
New York Life Global Funding 3.000%, 01/10/28 (144A)		485,000		477,472
New York Life Insurance Co. 4.450%, 05/15/69 (144A)		625,000		648,841
Northwestern Mutual Global Funding 1.700%, 06/01/28 (144A)		620,000		567,548
Pacific Life Insurance Co. 4.300%, 3M LIBOR + 2.796%, 10/24/67 (144A) (a)		200,000		185,250
Principal Financial Group, Inc. 3.125%, 05/15/23		250,000		250,591
				16,056,643
Internet—0.2%
eBay, Inc. 2.600%, 05/10/31		2,500,000		2,296,762
Iron/Steel—0.2%
Nucor Corp. 2.979%, 12/15/55		250,000		206,554
Reliance Steel & Aluminum Co. 1.300%, 08/15/25		1,810,000		1,691,722
Steel Dynamics, Inc. 1.650%, 10/15/27		630,000		572,039
				2,470,315
Machinery-Diversified—0.2%
Deere & Co. 8.100%, 05/15/30		400,000		541,374
Nvent Finance Sarl 4.550%, 04/15/28		562,000		578,620
Otis Worldwide Corp. 2.565%, 02/15/30		1,110,000		1,037,397
Xylem, Inc. 3.250%, 11/01/26		118,000		118,036
				2,275,427
Media—0.8%
Charter Communications Operating LLC / Charter Communications Operating Capital Corp.
3.500%, 03/01/42		775,000		640,718
3.700%, 04/01/51		840,000		692,243
4.800%, 03/01/50		935,000		888,165
6.834%, 10/23/55		400,000		474,267
Media—(Continued)
Comcast Corp.
2.650%, 08/15/62		557,000		430,259
2.887%, 11/01/51 (144A)		1,131,000		953,473
2.987%, 11/01/63 (144A) (e)		148,000		121,112
3.900%, 03/01/38		591,000		608,714
4.200%, 08/15/34		556,000		593,468
4.250%, 01/15/33		1,880,000		2,030,608
COX Communications, Inc. 2.950%, 10/01/50 (144A)		630,000		496,123
Discovery Communications LLC 5.200%, 09/20/47		485,000		504,509
Grupo Televisa S.A.B. 6.125%, 01/31/46 (e)		200,000		240,392
Paramount Global
2.900%, 01/15/27		251,000		244,794
4.850%, 07/01/42		255,000		259,348
5.900%, 10/15/40		125,000		141,314
TCI Communications, Inc. 7.125%, 02/15/28		801,000		958,685
Time Warner Cable LLC 5.500%, 09/01/41		1,000,000		1,038,082
				11,316,274
Mining—0.2%
Barrick Gold Corp. 6.450%, 10/15/35		300,000		369,626
Glencore Funding LLC
2.500%, 09/01/30 (144A) (e)		2,270,000		2,031,293
4.125%, 05/30/23 (144A)		346,000		351,508
				2,752,427
Miscellaneous Manufacturing—0.2%
GE Capital International Funding Co. 4.418%, 11/15/35		1,473,000		1,581,691
Parker-Hannifin Corp.
4.100%, 03/01/47		250,000		248,828
4.450%, 11/21/44		333,000		345,711
Siemens Financieringsmaatschappij NV 3.125%, 03/16/24 (144A)		500,000		503,709
				2,679,939
Oil & Gas—0.9%
BP Capital Markets America, Inc. 2.939%, 06/04/51		1,260,000		1,075,463
3.017%, 01/16/27		655,000		653,215
BP Capital Markets plc 3.279%, 09/19/27		288,000		290,598
Coterra Energy, Inc. 3.900%, 05/15/27 (144A)		710,000		715,170
Diamondback Energy, Inc. 3.250%, 12/01/26		440,000		439,346
Ecopetrol S.A. 4.125%, 01/16/25		433,000		426,518
Eni S.p.A. 4.000%, 09/12/23 (144A)		385,000		390,245

BHFTI-187

Brighthouse Funds Trust I

JPMorgan Core Bond Portfolio

Schedule of Investments as of March 31, 2022 (Unaudited)

Corporate Bonds & Notes—(Continued)

Security Description	Principal Amount*		Value
Oil & Gas—(Continued)
EQT Corp. 3.900%, 10/01/27 (e)		200,000	$	199,421
Exxon Mobil Corp.
2.995%, 08/16/39		690,000		639,695
3.095%, 08/16/49		860,000		786,686
HollyFrontier Corp.
2.625%, 10/01/23		775,000		767,086
5.875%, 04/01/26		409,000		425,826
Lundin Energy Finance B.V. 2.000%, 07/15/26 (144A)		389,000		362,224
Marathon Petroleum Corp. 4.700%, 05/01/25		509,000		528,939
Pioneer Natural Resources Co. 1.900%, 08/15/30 (e)		800,000		709,170
Saudi Arabian Oil Co.
1.250%, 11/24/23 (144A)		200,000		195,313
1.625%, 11/24/25 (144A)		220,000		208,622
Suncor Energy, Inc.
5.950%, 12/01/34		668,000		772,773
5.950%, 05/15/35		210,000		245,216
7.875%, 06/15/26 (e)		544,000		633,735
TotalEnergies Capital International S.A.
2.986%, 06/29/41		900,000		819,983
3.127%, 05/29/50		870,000		793,727
3.461%, 07/12/49		660,000		635,398
Valero Energy Corp.
2.150%, 09/15/27		640,000		598,512
7.500%, 04/15/32		126,000		159,036
				13,471,917
Oil & Gas Services—0.1%
Baker Hughes Holdings LLC 5.125%, 09/15/40		360,000		408,995
Halliburton Co.
4.750%, 08/01/43		215,000		224,958
4.850%, 11/15/35		270,000		290,090
6.750%, 02/01/27		200,000		224,108
				1,148,151
Packaging & Containers—0.1%
Graphic Packaging International LLC 1.512%, 04/15/26 (144A)		894,000		821,144
WRKCo, Inc. 3.750%, 03/15/25		300,000		303,089
				1,124,233
Pharmaceuticals—1.1%
AbbVie, Inc.
2.800%, 03/15/23		172,000		172,594
3.200%, 11/21/29		1,583,000		1,564,176
3.850%, 06/15/24		1,038,000		1,058,298
4.050%, 11/21/39		982,000		1,008,914
4.400%, 11/06/42		600,000		633,014
4.450%, 05/14/46		220,000		233,768
Pharmaceuticals—(Continued)
AstraZeneca plc
2.125%, 08/06/50 (e)		390,000		299,618
6.450%, 09/15/37		350,000		464,851
Becton Dickinson & Co. 3.794%, 05/20/50		230,000		222,862
Bristol-Myers Squibb Co.
4.125%, 06/15/39		527,000		565,900
4.550%, 02/20/48		427,000		483,190
Cigna Corp. 4.800%, 07/15/46		156,000		172,598
CVS Health Corp.
4.300%, 03/25/28		179,000		187,248
5.050%, 03/25/48		2,065,000		2,338,594
CVS Pass-Through Trust
4.704%, 01/10/36 (144A)		667,533		697,353
5.773%, 01/10/33 (144A)		635,480		694,469
6.204%, 10/10/25 (144A)		303,918		319,168
8.353%, 07/10/31 (144A)		126,907		152,125
Mead Johnson Nutrition Co. 4.125%, 11/15/25		89,000		91,113
Mylan, Inc.
4.550%, 04/15/28		350,000		353,862
5.400%, 11/29/43		400,000		389,973
Shire Acquisitions Investments Ireland DAC
2.875%, 09/23/23		178,000		178,493
3.200%, 09/23/26		2,100,000		2,103,627
Takeda Pharmaceutical Co., Ltd.
3.025%, 07/09/40		945,000		842,568
3.175%, 07/09/50 (e)		440,000		384,907
Viatris, Inc. 3.850%, 06/22/40		412,000		356,343
Zoetis, Inc. 2.000%, 05/15/30		590,000		529,058
				16,498,684
Pipelines—0.9%
ANR Pipeline Co. 7.375%, 02/15/24		226,000		243,150
Boardwalk Pipelines L.P. 3.400%, 02/15/31		630,000		595,815
Buckeye Partners L.P. 5.850%, 11/15/43		575,000		490,153
Cameron LNG LLC 3.701%, 01/15/39 (144A)		769,000		740,495
Cheniere Corpus Christi Holdings LLC 3.700%, 11/15/29		400,000		398,752
Energy Transfer L.P.
3.900%, 05/15/24		350,000		352,068
3.900%, 07/15/26		117,000		117,628
4.150%, 09/15/29		443,000		444,309
4.950%, 05/15/28		290,000		300,338
4.950%, 01/15/43		394,000		377,840
5.300%, 04/01/44		200,000		205,470
5.500%, 06/01/27		167,000		179,465
6.050%, 06/01/41		270,000		299,682
6.100%, 02/15/42		500,000		544,556

BHFTI-188

Brighthouse Funds Trust I

JPMorgan Core Bond Portfolio

Schedule of Investments as of March 31, 2022 (Unaudited)

Corporate Bonds & Notes—(Continued)

Security Description	Principal Amount*		Value
Pipelines—(Continued)
Enterprise Products Operating LLC
3.900%, 02/15/24		470,000	$	478,619
4.950%, 10/15/54		179,000		194,581
5.100%, 02/15/45		200,000		218,063
Flex Intermediate Holdco LLC
3.363%, 06/30/31 (144A)		1,100,000		1,022,003
4.317%, 12/30/39 (144A)		425,000		395,132
Galaxy Pipeline Assets Bidco, Ltd. 2.940%, 09/30/40 (144A)		786,088		708,794
Gray Oak Pipeline LLC
2.000%, 09/15/23 (144A)		415,000		408,843
2.600%, 10/15/25 (144A)		1,300,000		1,247,230
Kinder Morgan, Inc. 5.050%, 02/15/46		250,000		265,031
ONEOK Partners L.P. 6.650%, 10/01/36		950,000		1,086,933
Phillips 66 Partners L.P.
3.150%, 12/15/29		330,000		318,282
3.550%, 10/01/26		100,000		99,933
4.900%, 10/01/46		200,000		219,679
Plains All American Pipeline L.P. / PAA Finance Corp. 4.700%, 06/15/44		560,000		525,451
Southern Natural Gas Co. LLC 4.800%, 03/15/47 (144A)		244,000		257,839
Targa Resources Corp. 4.200%, 02/01/33		290,000		292,646
TransCanada PipeLines, Ltd.
3.750%, 10/16/23		400,000		405,724
4.750%, 05/15/38		300,000		323,625
				13,758,129
Real Estate—0.1%
Goodman Australia Industrial Fund Bond Issuer Pty, Ltd. 3.400%, 09/30/26 (144A)		632,000		636,999
Ontario Teachers’ Cadillac Fairview Properties Trust 3.875%, 03/20/27 (144A)		603,000		617,323
				1,254,322
Real Estate Investment Trusts—1.9%
Alexandria Real Estate Equities, Inc.
1.875%, 02/01/33		410,000		346,775
2.000%, 05/18/32		710,000		620,556
3.800%, 04/15/26		175,000		178,106
4.000%, 02/01/50		566,000		558,359
American Campus Communities Operating Partnership L.P. 2.250%, 01/15/29		480,000		438,656
American Tower Corp.
1.500%, 01/31/28		965,000		852,670
1.875%, 10/15/30		845,000		719,152
2.100%, 06/15/30		470,000		409,892
2.950%, 01/15/51 (e)		255,000		200,380
3.100%, 06/15/50		390,000		315,141
3.375%, 10/15/26		287,000		283,170
3.700%, 10/15/49		665,000		592,678
Real Estate Investment Trusts—(Continued)
Boston Properties L.P. 3.200%, 01/15/25 (e)		380,000		379,786
Brixmor Operating Partnership L.P.
2.250%, 04/01/28		600,000		547,942
2.500%, 08/16/31		325,000		287,054
3.850%, 02/01/25		500,000		503,681
Corporate Office Properties L.P. 2.750%, 04/15/31		1,153,000		1,035,062
Digital Realty Trust L.P. 3.700%, 08/15/27 (e)		270,000		271,649
Equinix, Inc.
2.000%, 05/15/28		1,388,000		1,250,649
2.900%, 11/18/26		875,000		847,329
Essex Portfolio L.P. 2.650%, 03/15/32		565,000		516,811
Goodman U.S. Finance Three LLC 3.700%, 03/15/28 (144A)		387,000		386,131
Healthcare Trust of America Holdings L.P. 2.000%, 03/15/31		470,000		406,684
Healthpeak Properties, Inc. 3.500%, 07/15/29		600,000		599,166
Life Storage L.P.
2.400%, 10/15/31		390,000		343,699
3.500%, 07/01/26		1,000,000		1,005,956
Mid-America Apartments L.P. 1.700%, 02/15/31		470,000		407,505
National Retail Properties, Inc. 3.600%, 12/15/26		453,000		454,029
Office Properties Income Trust
2.650%, 06/15/26		925,000		845,815
3.450%, 10/15/31		365,000		314,464
4.000%, 07/15/22		627,000		628,315
Physicians Realty L.P. 2.625%, 11/01/31		405,000		365,385
Prologis L.P. 2.250%, 04/15/30		200,000		185,810
Public Storage
1.950%, 11/09/28		490,000		453,478
2.250%, 11/09/31		411,000		375,734
Realty Income Corp.
3.000%, 01/15/27		200,000		196,925
3.250%, 01/15/31		345,000		338,792
3.875%, 04/15/25		505,000		512,915
Regency Centers L.P. 2.950%, 09/15/29		560,000		533,493
Sabra Health Care L.P. 3.200%, 12/01/31		660,000		588,980
Safehold Operating Partnership L.P. 2.800%, 06/15/31		2,220,000		1,949,447
Scentre Group Trust 1 / Scentre Group Trust 2 3.500%, 02/12/25 (144A)		720,000		721,962
Scentre Group Trust 2 4.750%, 5Y H15 + 4.379%, 09/24/80 (144A) (a)		635,000		623,094
SITE Centers Corp. 4.700%, 06/01/27		226,000		233,919

BHFTI-189

Brighthouse Funds Trust I

JPMorgan Core Bond Portfolio

Schedule of Investments as of March 31, 2022 (Unaudited)

Corporate Bonds & Notes—(Continued)

Security Description	Principal Amount*		Value
Real Estate Investment Trusts—(Continued)
UDR, Inc.
2.100%, 08/01/32		470,000	$	405,063
2.950%, 09/01/26		233,000		227,946
3.000%, 08/15/31		95,000		90,154
3.200%, 01/15/30		625,000		607,026
Ventas Realty L.P.
3.500%, 02/01/25		197,000		197,532
3.850%, 04/01/27		369,000		376,566
Welltower, Inc.
3.100%, 01/15/30		445,000		428,438
6.500%, 03/15/41		225,000		289,022
WP Carey, Inc.
2.250%, 04/01/33		845,000		721,776
4.250%, 10/01/26		285,000		294,098
				27,264,817
Retail—0.6%
7-Eleven, Inc.
1.300%, 02/10/28 (144A)		405,000		354,550
2.500%, 02/10/41 (144A)		409,000		330,022
Alimentation Couche-Tard, Inc.
3.439%, 05/13/41 (144A)		780,000		700,430
3.625%, 05/13/51 (144A)		870,000		788,922
3.800%, 01/25/50 (144A)		625,000		582,342
AutoZone, Inc. 1.650%, 01/15/31		530,000		451,776
Dollar General Corp. 4.125%, 05/01/28		354,000		364,731
Kohl’s Corp. 3.375%, 05/01/31 (e)		800,000		772,062
Lowe’s Cos., Inc.
1.700%, 10/15/30 (e)		1,085,000		947,107
2.625%, 04/01/31		700,000		656,120
3.120%, 04/15/22		300,000		300,118
3.125%, 09/15/24		276,000		277,169
McDonald’s Corp.
4.450%, 03/01/47		180,000		193,307
4.700%, 12/09/35		84,000		91,331
6.300%, 10/15/37		152,000		194,850
Nordstrom, Inc. 4.250%, 08/01/31		908,000		827,560
O’Reilly Automotive, Inc. 3.600%, 09/01/27 (e)		494,000		499,294
				8,331,691
Savings & Loans—0.0%
Nationwide Building Society 1.000%, 08/28/25 (144A)		380,000		351,420
Semiconductors—0.6%
Advanced Micro Devices, Inc. 2.375%, 06/01/30		700,000		650,358
Analog Devices, Inc. 2.800%, 10/01/41		722,000		647,818
Semiconductors—(Continued)
Broadcom, Inc.
1.950%, 02/15/28 (144A)		1,800,000		1,621,954
3.137%, 11/15/35 (144A)		1,685,000		1,484,641
3.187%, 11/15/36 (144A)		465,000		403,661
KLA Corp. 3.300%, 03/01/50		610,000		574,571
Microchip Technology, Inc.
0.972%, 02/15/24 (e)		970,000		929,648
0.983%, 09/01/24 (144A)		1,200,000		1,136,125
NXP B.V. / NXP Funding LLC / NXP USA, Inc.
2.500%, 05/11/31 (144A)		1,085,000		974,379
3.250%, 05/11/41 (144A)		1,115,000		983,232
				9,406,387
Software—0.6%
Activision Blizzard, Inc. 1.350%, 09/15/30 (e)		757,000		656,165
Citrix Systems, Inc. 1.250%, 03/01/26		219,000		212,916
Fiserv, Inc.
3.200%, 07/01/26		305,000		303,417
4.400%, 07/01/49		295,000		304,601
Microsoft Corp.
2.400%, 08/08/26		400,000		396,652
2.921%, 03/17/52		272,000		255,242
3.041%, 03/17/62		149,000		139,144
3.500%, 02/12/35		296,000		310,041
Oracle Corp.
2.300%, 03/25/28		2,500,000		2,283,434
3.800%, 11/15/37		900,000		813,946
3.850%, 07/15/36		124,000		114,136
3.900%, 05/15/35		106,000		99,681
4.300%, 07/08/34		103,000		101,645
Roper Technologies, Inc. 1.400%, 09/15/27		1,050,000		951,526
VMware, Inc.
1.400%, 08/15/26 (e)		1,306,000		1,198,974
4.650%, 05/15/27		425,000		445,318
Workday, Inc. 3.500%, 04/01/27		852,000		851,778
				9,438,616
Telecommunications—0.8%
AT&T, Inc.
1.650%, 02/01/28 (e)		80,000		72,889
2.250%, 02/01/32		510,000		452,226
2.300%, 06/01/27 (e)		1,740,000		1,657,824
3.100%, 02/01/43		770,000		664,732
3.500%, 06/01/41		479,000		441,025
3.500%, 09/15/53		2,795,000		2,452,456
3.550%, 09/15/55		396,000		349,259
Deutsche Telekom AG 3.625%, 01/21/50 (144A)		276,000		256,367
NBN Co., Ltd. 2.625%, 05/05/31 (144A)		1,600,000		1,458,903

BHFTI-190

Brighthouse Funds Trust I

JPMorgan Core Bond Portfolio

Schedule of Investments as of March 31, 2022 (Unaudited)

Corporate Bonds & Notes—(Continued)

Security Description	Principal Amount*		Value
Telecommunications—(Continued)
Rogers Communications, Inc. 4.550%, 03/15/52 (144A) (e)		545,000	$	541,816
T-Mobile USA, Inc. 3.600%, 11/15/60 (144A)		385,000		330,666
Verizon Communications, Inc.
2.100%, 03/22/28		220,000		205,056
2.355%, 03/15/32 (144A)		109,000		98,450
2.650%, 11/20/40		779,000		662,663
4.125%, 03/16/27		400,000		415,776
Vodafone Group plc
5.250%, 05/30/48		540,000		604,878
6.150%, 02/27/37		500,000		598,903
				11,263,889
Transportation—0.3%
Burlington Northern Santa Fe LLC
3.550%, 02/15/50		233,000		230,892
7.950%, 08/15/30		1,185,000		1,570,604
CSX Corp.
4.750%, 11/15/48		404,000		462,682
6.000%, 10/01/36		300,000		367,008
Kansas City Southern 4.700%, 05/01/48		597,000		658,923
Norfolk Southern Corp.
3.850%, 01/15/24		679,000		689,791
3.942%, 11/01/47		219,000		223,727
Union Pacific Corp. 4.100%, 09/15/67		200,000		207,045
				4,410,672
Trucking & Leasing—0.1%
Penske Truck Leasing Co. L.P. / PTL Finance Corp.
2.700%, 03/14/23 (144A)		948,000		952,216
4.125%, 08/01/23 (144A)		598,000		605,236
				1,557,452
Water—0.0%
American Water Capital Corp. 2.800%, 05/01/30		750,000		718,497
Total Corporate Bonds & Notes (Cost $477,841,225)				453,734,008
Asset-Backed Securities—10.2%
Asset-Backed - Automobile—2.6%
Carvana Auto Receivables Trust 3.040%, 04/15/25 (144A)		3,815,000		3,820,007
Credit Acceptance Auto Loan Trust 0.960%, 02/15/30 (144A)		2,700,000		2,610,853
Credito Real USA Auto Receivables Trust 1.350%, 02/16/27 (144A)		874,796		858,958
Drive Auto Receivables Trust
1.020%, 06/15/27		948,000		933,779
1.450%, 01/16/29		1,600,000		1,540,996
Asset-Backed - Automobile—(Continued)
Drive Auto Receivables Trust
3.180%, 10/15/26		1,160,000		1,166,334
4.090%, 06/15/26		1,084,563		1,093,769
DT Auto Owner Trust 1.100%, 02/16/27 (144A)		1,432,000		1,378,875
Flagship Credit Auto Trust
1.960%, 12/15/27 (144A)		3,650,000		3,465,859
2.180%, 02/16/27 (144A)		650,000		626,276
3.790%, 12/16/24 (144A)		1,998,843		2,010,541
GLS Auto Receivables Issuer Trust
1.200%, 01/15/27 (144A)		625,000		611,094
1.420%, 04/15/27 (144A)		2,250,000		2,092,754
1.480%, 07/15/27 (144A)		4,400,000		4,029,291
1.680%, 01/15/27 (144A)		1,200,000		1,149,729
LP LMS ASSET 3.228%, 10/15/28		1,916,055		1,910,863
Sonoran Auto Receivables Trust
4.750%, 07/15/24		1,305,392		1,262,706
4.750%, 06/15/25		1,439,643		1,382,777
Tricolor Auto Securitization Trust 4.875%, 11/15/26 (144A)		705,208		706,567
U.S. Auto Funding LLC
0.790%, 07/15/24 (144A)		1,566,900		1,555,169
1.490%, 03/17/25 (144A)		3,189,000		3,088,923
				37,296,120
Asset-Backed - Credit Card—0.4%
Consumer Receivables Asset Investment Trust 3.258%, 3M LIBOR + 3.000%, 03/24/23 (144A) (a)		2,210,000		2,185,661
Continental Finance Credit Card ABS Master Trust 2.240%, 12/15/28 (144A)		1,500,000		1,446,089
Mercury Financial Credit Card Master Trust 1.540%, 03/20/26 (144A)		1,695,000		1,644,788
				5,276,538
Asset-Backed - Other—7.2%
Accelerated LLC 1.900%, 10/20/40 (144A)		1,872,226		1,763,393
Ajax Mortgage Loan Trust 2.239%, 06/25/66 (144A) (g)		2,383,250		2,284,910
American Homes 4 Rent Trust
3.467%, 04/17/52 (144A)		1,089,329		1,081,170
3.678%, 12/17/36 (144A)		86,482		86,138
4.201%, 12/17/36 (144A)		400,000		399,753
4.290%, 10/17/36 (144A)		300,000		299,532
4.596%, 12/17/36 (144A)		250,000		250,689
5.036%, 10/17/52 (144A)		1,900,000		1,923,839
5.639%, 04/17/52 (144A)		500,000		510,836
6.231%, 10/17/36 (144A)		650,000		669,562
6.418%, 12/17/36 (144A)		300,000		308,720
American Tower Trust I 3.070%, 03/15/48 (144A)		920,000		914,483
AMSR Trust
2.327%, 10/17/38 (144A)		1,694,000		1,537,808
4.281%, 03/17/39		3,000,000		2,918,127

BHFTI-191

Brighthouse Funds Trust I

JPMorgan Core Bond Portfolio

Schedule of Investments as of March 31, 2022 (Unaudited)

Asset-Backed Securities—(Continued)

Security Description	Principal Amount*		Value
Asset-Backed - Other—(Continued)
Business Jet Securities LLC
2.162%, 04/15/36 (144A)		1,351,149	$	1,256,469
2.918%, 04/15/36 (144A)		2,547,640		2,370,374
2.981%, 11/15/35 (144A)		1,408,404		1,356,394
4.212%, 07/15/34 (144A)		1,676,800		1,588,621
Camillo 5.000%, 12/05/23		3,325,669		3,372,228
Cars Net Lease Mortgage Notes 3.100%, 12/15/50 (144A)		596,250		562,927
CFIN Issuer LLC 3.250%, 02/16/26 (144A) (h) (i)		3,000,000		3,000,000
Conix Mortgage Asset Trust 4.704%, 12/25/47 † (144A) (a) (h) (i)		1,078,519		17,041
COOF Securitization Trust, Ltd. 3.532%, 06/25/40 (144A) (a) (c)		500,696		41,741
CoreVest American Finance Trust
2.705%, 10/15/52 (144A)		1,287,108		1,256,748
3.880%, 03/15/52 (144A)		2,470,000		2,509,586
Crossroads Asset Trust 1.440%, 01/20/26 (144A)		1,650,000		1,593,952
DataBank Issuer 2.060%, 02/27/51 (144A)		1,950,000		1,810,651
Diamond Resorts Owner Trust 3.700%, 01/21/31 (144A)		659,865		661,352
Diversified ABS Phase III LLC 4.875%, 04/28/39 (h) (i)		4,500,000		4,500,000
FirstKey Homes Trust 2.668%, 10/19/37 (144A)		3,700,000		3,402,872
Foundation Finance Trust 3.860%, 11/15/34 (144A)		613,618		619,549
Freedom Trucking LLC 3.100%, 08/15/24		292,680		290,339
Gold Key Resorts LLC 3.220%, 03/17/31 (144A)		53,447		53,298
Goodgreen Trust
2.760%, 04/15/55 (144A)		1,260,900		1,202,084
3.260%, 10/15/53 (144A)		1,400,794		1,352,450
3.740%, 10/15/52 (144A)		289,045		284,036
5.000%, 10/20/51		1,669,493		1,552,629
HERO Funding Trust
3.080%, 09/20/42 (144A)		260,661		257,326
3.950%, 09/20/48 (144A)		983,104		970,073
4.460%, 09/20/47 (144A)		796,907		803,513
Hilton Grand Vacations Trust 2.660%, 12/26/28 (144A)		255,133		254,906
KGS-Alpha SBA COOF Trust
0.606%, 05/25/39 (144A) (a) (c)		2,098,799		27,645
0.957%, 08/25/38 (144A) (a) (c)		1,409,453		28,761
1.773%, 03/25/39 (144A) (a) (c)		1,483,193		54,515
4.817%, 04/25/40 (144A) (a) (c)		393,789		29,534
LFT CRE, Ltd. 2.347%, 1M LIBOR + 1.950%, 06/15/39 (144A) (a)		3,280,000		3,206,354
LL ABS Trust 2.330%, 01/17/28 (144A)		193,988		194,051
Asset-Backed - Other—(Continued)
NRZ Excess Spread-Collateralized Notes
3.104%, 07/25/26 (144A)		4,847,076		4,582,686
3.228%, 05/25/26 (144A)		2,257,726		2,131,607
3.474%, 11/25/26 (144A)		2,939,620		2,824,646
3.844%, 12/25/25 (144A)		2,019,228		1,965,372
Oportun Funding LLC 1.210%, 03/08/28 (144A)		950,000		922,360
Pagaya AI Debt Selection Trust 1.180%, 11/15/27 (144A)		3,194,676		3,150,362
PRET LLC 2.487%, 10/25/51 (144A) (a)		5,435,114		5,279,077
Progress Residential 2.409%, 05/17/38 (144A)		1,960,000		1,764,559
Progress Residential Trust
2.425%, 07/17/38 (144A)		2,535,000		2,246,210
3.930%, 02/17/41 (144A)		3,150,000		2,909,049
Regional Management Issuance Trust 3.040%, 03/17/31 (144A)		2,309,000		2,164,890
Renew Financial 3.670%, 09/20/52 (144A)		354,246		346,113
Sierra Timeshare Receivables Funding LLC 1.330%, 07/20/37 (144A)		1,031,848		988,682
SOL S.p.A. 4.160%, 02/09/30		817,217		820,440
Upstart Securitization Trust
0.870%, 03/20/31 (144A)		893,299		885,108
1.890%, 03/20/31 (144A)		914,000		889,851
VM DEBT LLC 7.500%, 06/15/24		2,400,000		2,400,000
VOLT C LLC 1.992%, 05/25/51 (144A) (g)		1,510,542		1,455,959
VOLT CI LLC 1.992%, 05/25/51 (144A) (g)		1,616,992		1,570,635
VOLT LLC 2.240%, 03/27/51 (144A) (g)		1,083,468		1,045,540
VOLT XCII LLC 1.893%, 02/27/51 (144A) (g)		1,121,621		1,086,741
VOLT XCIII LLC 1.893%, 02/27/51 (144A) (g)		3,525,183		3,416,106
VOLT XCIV LLC 2.240%, 02/27/51 (144A) (g)		2,706,270		2,599,943
VOLT XCVII LLC 2.240%, 04/25/51 (144A) (g)		2,362,352		2,284,449
VSE VOI Mortgage LLC 3.560%, 02/20/36 (144A)		511,776		514,426
				105,675,790
Asset-Backed - Student Loan—0.0%
Academic Loan Funding Trust 1.257%, 1M LIBOR + 0.800%, 12/26/44 (144A) (a)		586,109		575,860
Total Asset-Backed Securities (Cost $155,287,653)				148,824,308

BHFTI-192

Brighthouse Funds Trust I

JPMorgan Core Bond Portfolio

Schedule of Investments as of March 31, 2022 (Unaudited)

Mortgage-Backed Securities—6.6%

Security Description	Principal Amount*		Value
Collateralized Mortgage Obligations—4.2%
Banc of America Funding Trust 2.588%, 05/20/34 (a)		91,942	$	94,588
BVRT Financing Trust 3.084%, 11/10/22		1,203,980		1,201,904
FMC GMSR Issuer Trust 3.620%, 07/25/26 (144A) (a)		3,300,000		3,092,105
3.690%, 02/25/24		5,000,000		5,000,000
3.850%, 10/25/26 (144A) (a)		2,680,000		2,479,077
4.450%, 01/25/26 (144A) (a)		3,100,000		2,988,037
Global Mortgage Securitization, Ltd. 0.777%, 1M LIBOR + 0.320%, 11/25/32 (144A) (a)		149,072		142,607
HarborView Mortgage Loan Trust 2.709%, 05/19/34 (a)		364,920		364,517
Headlands Residential LLC 3.875%, 11/25/24 (144A) (g)		1,643,208		1,631,107
Impac CMB Trust 1.197%, 1M LIBOR + 0.740%, 11/25/34 (a)		877,140		882,197
JPMorgan Mortgage Trust 2.223%, 08/25/34 (a)		46,673		48,555
LHOME Mortgage Trust 2.090%, 09/25/26 (144A) (a)		1,525,000		1,465,794
MASTR Asset Securitization Trust 5.500%, 12/25/33		113,594		106,946
Merrill Lynch Mortgage Investors Trust
0.917%, 1M LIBOR + 0.460%, 04/25/29 (a)		139,905		135,261
0.932%, 6M LIBOR + 0.680%, 01/25/29 (a)		237,611		236,383
0.957%, 1M LIBOR + 0.500%, 05/25/29 (a)		448,035		444,531
1.077%, 1M LIBOR + 0.620%, 10/25/28 (a)		192,314		189,007
1.097%, 1M LIBOR + 0.640%, 10/25/28 (a)		302,117		295,514
MRA Issuance Trust
1.842%, 02/15/23 † (144A)		5,100,000		5,058,501
2.000%, 04/01/22 (144A)		4,450,000		4,439,195
2.856%, 02/15/23 † (144A)		5,100,000		5,090,418
Preston Ridge Partners Mortgage LLC
1.867%, 04/25/26 (144A) (g)		1,580,447		1,509,928
2.115%, 01/25/26 (144A) (a)		2,580,608		2,479,779
Seasoned Credit Risk Transfer Trust
3.500%, 07/25/58		3,342,572		3,356,296
3.500%, 10/25/58		1,347,845		1,336,053
4.000%, 11/25/57		3,023,113		3,077,479
Sequoia Mortgage Trust
1.049%, 1M LIBOR + 0.600%, 12/20/34 (a)		539,387		514,325
1.089%, 1M LIBOR + 0.640%, 01/20/34 (a)		315,519		315,087
1.109%, 1M LIBOR + 0.660%, 07/20/33 (a)		335,048		328,168
1.129%, 1M LIBOR + 0.680%, 10/20/34 (a)		586,719		565,945
1.209%, 1M LIBOR + 0.760%, 04/20/33 (a)		265,516		257,574
Structured Asset Mortgage Investments Trust 1.349%, 1M LIBOR + 0.900%, 05/19/33 (a)		488,392		475,500
Structured Asset Mortgage Investments Trust II
1.149%, 1M LIBOR + 0.700%, 01/19/34 (a)		579,329		572,545
1.149%, 1M LIBOR + 0.700%, 03/19/34 (a)		539,822		523,260
Structured Asset Securities Corp. Mortgage Pass-Through Certificates 3.030%, 11/25/33 (a)		135,390		138,486
Collateralized Mortgage Obligations—(Continued)
Thornburg Mortgage Securities Trust
1.097%, 1M LIBOR + 0.640%, 09/25/43 (a)		257,053		258,480
1.889%, 12/25/44 (a)		314,746		312,077
2.157%, 04/25/45 (a)		545,262		550,080
Toorak Mortgage Corp. 3.721%, 09/25/22 (g)		965,475		958,371
Towd Point Mortgage Trust 2.918%, 11/30/60 (144A) (a)		4,626,897		4,501,652
VM Master Issuer, LLC 1.000%, 05/24/25 (144A) (a)		2,900,000		2,899,983
ZH Trust 2.253%, 02/18/27 (144A)		1,400,000		1,386,678
				61,703,990
Commercial Mortgage-Backed Securities—2.4%
BAMLL Commercial Mortgage Securities Trust 4.214%, 08/15/46 (144A) (a)		1,200,000		1,143,104
BB-UBS Trust 3.430%, 11/05/36 (144A)		2,950,000		2,913,603
Citigroup Commercial Mortgage Trust 2.717%, 02/15/53		4,330,000		4,117,687
Commercial Mortgage Trust
0.185%, 07/10/45 (144A) (a) (c)		114,559,658		282,642
2.896%, 02/10/37 (144A)		3,050,000		2,957,184
3.815%, 04/10/33 (144A) (a)		1,450,000		1,433,441
Credit Suisse Mortgage Capital Certificates 4.373%, 09/15/37 (144A)		1,000,000		881,221
Freddie Mac Multifamily Structured Credit Risk 1.899%, SOFR30A + 1.800%, 07/25/41 (144A) (a)		1,591,180		1,514,897
Independence Plaza Trust 3.763%, 07/10/35 (144A)		2,935,000		2,913,897
Ladder Capital Commercial Mortgage Trust 3.985%, 02/15/36 (144A)		768,000		776,423
MRCD Mortgage Trust 2.718%, 12/15/36 (144A)		1,997,000		1,846,759
RBS Commercial Funding, Inc. Trust 3.260%, 03/11/31 (144A)		531,000		530,665
RR Trust Zero Coupon, 04/26/48 (144A) (b)		8,830,000		7,765,830
SLG Office Trust 2.585%, 07/15/41 (144A)		3,090,000		2,872,882
VNDO Mortgage Trust 2.996%, 11/15/30 (144A)		1,400,000		1,405,619
Wells Fargo Commercial Mortgage Trust 1.547%, 1M LIBOR + 1.150%, 02/15/40 (144A) (a)		1,545,337		1,529,878
WF-RBS Commercial Mortgage Trust 4.238%, 03/15/45 (144A) (a)		300,000		293,268
				35,179,000
Total Mortgage-Backed Securities (Cost $98,562,152)				96,882,990

BHFTI-193

Brighthouse Funds Trust I

JPMorgan Core Bond Portfolio

Schedule of Investments as of March 31, 2022 (Unaudited)

Foreign Government—0.5%

Security Description	Principal Amount*		Value
Sovereign—0.5%
Chile Government International Bond 2.550%, 01/27/32 (e)		394,000	$	370,210
Israel Government AID Bond Zero Coupon, 08/15/25		2,500,000		2,253,154
Mexico Government International Bonds
2.659%, 05/24/31		848,000		771,850
3.500%, 02/12/34		577,000		536,316
3.771%, 05/24/61		625,000		505,194
4.125%, 01/21/26		189,000		198,284
4.350%, 01/15/47		228,000		210,499
4.600%, 01/23/46		959,000		919,153
4.600%, 02/10/48		200,000		190,214
5.750%, 10/12/10		500,000		506,495
Panama Government International Bond 4.500%, 04/16/50		350,000		345,677
Republic of South Africa Government Bond 5.875%, 09/16/25		384,000		406,272
Saudi Government International Bond 2.250%, 02/02/33 (144A)		490,000		450,800
Total Foreign Government (Cost $8,160,162)				7,664,118
Short-Term Investment—2.5%
Repurchase Agreement—2.5%
Fixed Income Clearing Corp. Repurchase Agreement dated 03/31/22 at 0.000%, due on 04/01/22 with a maturity value of $36,084,530; collateralized by U.S. Treasury Note at 0.125%, maturing 10/15/24, with a market value of $36,806,229.		36,084,530		36,084,530
Total Short-Term Investments (Cost $36,084,530)				36,084,530
Securities Lending Reinvestments (j)—6.2%
Certificates of Deposit—1.2%
Bank of Nova Scotia 0.320%, 06/07/22		2,000,000		1,998,368
Barclays Bank plc 0.180%, 04/07/22		2,000,000		1,999,926
Cooperatieve Rabobank UA 0.840%, SOFR + 0.570%, 09/19/22 (a)		1,000,000		1,000,000
Credit Agricole S.A. 0.590%, 05/24/22		1,000,000		999,880
Goldman Sachs Bank USA 0.470%, SOFR + 0.190%, 09/02/22 (a)		2,000,000		1,997,452
Nordea Bank Abp. 0.720%, SOFR + 0.450%, 08/30/22 (a)		1,000,000		999,998
Oversea-Chinese Banking Corp., Ltd.
Zero Coupon, 04/14/22		1,000,000		999,830
0.720%, SOFR + 0.440%, 09/26/22 (a)		1,000,000		1,000,199
Royal Bank of Canada 0.520%, SOFR + 0.250%, 01/11/23 (a)		2,000,000		1,995,324
Certificates of Deposit—(Continued)
Standard Chartered Bank (NY) 0.460%, SOFR + 0.190%, 08/25/22 (a)		1,000,000		999,183
Sumitomo Mitsui Banking Corp. 0.720%, SOFR + 0.450%, 09/06/22 (a)		1,000,000		999,930
Toronto-Dominion Bank (The)
0.530%, SOFR + 0.250%, 02/09/23 (a)		1,000,000		1,000,000
0.820%, FEDEFF PRV + 0.490%, 12/23/22 (a)		1,000,000		999,704
				16,989,794
Commercial Paper—0.1%
DNB Bank ASA 0.830%, SOFR + 0.550%, 09/07/22 (a)		1,000,000		1,000,399
Macquarie Bank Ltd. 0.510%, SOFR + 0.230%, 08/04/22 (a)		1,000,000		999,231
				1,999,630
Repurchase Agreements—3.8%
Barclays Capital, Inc. Repurchase Agreement dated 03/31/22 at 0.240%, due on 04/01/22 with a maturity value of $8,179,493; collateralized by U.S. Treasury Obligations at 0.000%, maturity dates ranging from 02/15/37 - 11/15/48, and an aggregate market value of $8,343,027.		8,179,438		8,179,438
Cantor Fitzgerald & Co. Repurchase Agreement dated 03/31/22 at 0.290%, due on 04/01/22 with a maturity value of $10,000,081; collateralized by U.S. Treasury and U.S. Government Agency Obligations with rates ranging from 0.125% - 8.000%, maturity dates ranging from 09/15/22 - 07/20/71, and an aggregate market value of $10,200,000.		10,000,000		10,000,000
Citigroup Global Markets, Ltd. Repurchase Agreement dated 03/31/22 at 0.300%, due on 04/01/22 with a maturity value of $1,700,014; collateralized by U.S. Treasury and Foreign Obligations with rates ranging from 0.125% - 2.875%, maturity dates ranging from 08/15/23 - 02/15/51, and an aggregate market value of $1,734,001.		1,700,000		1,700,000
National Bank Financial, Inc. Repurchase Agreement dated 03/31/22 at 0.320%, due on 04/01/22 with a maturity value of $2,200,020; collateralized by U.S. Treasury Obligations with rates ranging from 0.125% - 3.000%, maturity dates ranging from 06/30/22 - 02/15/49, and an aggregate market value of $2,245,252.		2,200,000		2,200,000
National Bank of Canada Repurchase Agreement dated 03/31/22 at 0.320%, due on 04/07/22 with a maturity value of $7,100,442; collateralized by U.S. Treasury Obligations with rates ranging from 0.000% - 4.500%, maturity dates ranging from 04/14/22 - 08/15/51, and an aggregate market value of $7,246,039.		7,100,000		7,100,000

BHFTI-194

Brighthouse Funds Trust I

JPMorgan Core Bond Portfolio

Schedule of Investments as of March 31, 2022 (Unaudited)

Securities Lending Reinvestments (j)—(Continued)

Security Description	Principal Amount*		Value
Repurchase Agreements—(Continued)
National Bank of Canada Repurchase Agreement dated 03/31/22 at 0.450%, due on 04/07/22 with a maturity value of $7,600,665; collateralized by U.S. Treasury Obligations with rates ranging from 0.500% - 3.000%, maturity dates ranging from 11/30/23 - 08/15/48, and various Common Stock with an aggregate market value of $8,404,070.		7,600,000	$	7,600,000
NBC Global Finance, Ltd. Repurchase Agreement dated 03/31/22 at 0.440%, due on 04/01/22 with a maturity value of $1,570,095; collateralized by U.S. Treasury Obligations with rates ranging from 0.125% - 4.750%, maturity dates ranging from 05/15/24 - 02/15/50, and various Common Stock with an aggregate market value of $1,743,375.		1,570,076		1,570,076
Repurchase Agreement dated 03/31/22 at 0.485%, due on 04/07/22 with a maturity value of $1,000,094; collateralized by U.S. Treasury Obligations with rates ranging from 0.125% - 4.750%, maturity dates ranging from 05/15/24 - 02/15/50, and various Common Stock with an aggregate market value of $1,110,377.		1,000,000		1,000,000
Societe Generale
Repurchase Agreement dated 03/31/22 at 0.360%, due on 04/01/22 with a maturity value of $5,900,059; collateralized by various Common Stock with an aggregate market value of $6,556,098.		5,900,000		5,900,000
Repurchase Agreement dated 03/31/22 at 0.380%, due on 04/01/22 with a maturity value of $2,300,024; collateralized by various Common Stock with an aggregate market value of $2,555,767.		2,300,000		2,300,000
Repurchase Agreement dated 03/31/22 at 0.410%, due on 04/01/22 with a maturity value of $2,300,026; collateralized by various Common Stock with an aggregate market value of $2,555,966.		2,300,000		2,300,000
Repurchase Agreement dated 03/31/22 at 0.420%, due on 04/07/22 with a maturity value of $1,700,139; collateralized by various Common Stock with an aggregate market value of $1,889,193.		1,700,000		1,700,000
TD Prime Services LLC Repurchase Agreement dated 03/31/22 at 0.400%, due on 04/01/22 with a maturity value of $4,325,048; collateralized by various Common Stock with an aggregate market value of $5,009,164.		4,325,000		4,325,000
				55,874,514
Time Deposits—0.8%
Canadian Imperial Bank of Commerce 0.320%, 04/01/22		3,000,000		3,000,000
DZ Bank AG (NY) 0.300%, 04/01/22		2,000,000		2,000,000
Rabobank (New York) 0.310%, 04/01/22		2,000,000		2,000,000
Skandi (NY) 0.300%, 04/01/22		2,000,000		2,000,000
Svenska (NY) 0.260%, 04/01/22		2,000,000		2,000,000
				11,000,000
Mutual Funds—0.3%
Morgan Stanley Liquidity Funds Government Portfolio, Institutional Shares 0.230% (k)		5,000,000		5,000,000
Total Securities Lending Reinvestments (Cost $90,874,457)				90,863,938
Total Investments—109.0% (Cost $1,647,842,637)				1,598,838,754
Other assets and liabilities (net)—(9.0)%				(132,031,173	)
Net Assets—100.0%			$	1,466,807,581

*	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 March 31, 2022, the market value of restricted securities was $10,992,016, which is 0.7% 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 March 31, 2022. 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 March 31, 2022, the market value of securities loaned was $98,358,529 and the collateral received consisted of cash in the amount of $90,873,731 and non-cash collateral with a value of $9,530,181. 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 March 31, 2022, these securities represent 0.7% 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 March 31, 2022.
(k)	The rate shown represents the annualized seven-day yield as of March 31, 2022.
(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 March 31, 2022, the market value of 144A securities was $329,970,310, which is 22.5% of net assets.

BHFTI-195

Brighthouse Funds Trust I

JPMorgan Core Bond Portfolio

Schedule of Investments as of March 31, 2022 (Unaudited)

Restricted Securities	Acquisition Date		Principal Amount		Cost		Value
Commonwealth Bank of Australia, 3.305%, 03/11/41		09/27/21	$	355,000	$	369,157	$	309,403
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		338,671
Guardian Life Insurance Co. of America (The), 4.850%, 01/24/77		01/17/17		156,000		154,520		177,982
MRA Issuance Trust, 1.842%, 02/15/23		05/17/21		5,100,000		5,100,000		5,058,501
MRA Issuance Trust, 2.856%, 02/15/23		06/04/21		5,100,000		5,100,000		5,090,418
							$	10,992,016

Glossary of Abbreviations

Index Abbreviations

(FEDEFF PRV)—	Effective Federal Funds Rate
(H15)—	U.S. Treasury Yield Curve Rate T-Note Constant Maturity Index
(LIBOR)—	London Interbank Offered Rate
(SOFR)—	Secured Overnight Financing Rate
(SOFR30A)—	Secured Overnight Financing Rate 30-Day Average

Other Abbreviations

(ARM)—	Adjustable-Rate Mortgage
(ACES)—	Alternative Credit Enhancement Securities
(CMO)—	Collateralized Mortgage Obligation
(DAC)—	Designated Activity Company
(ICE)—	Intercontinental Exchange, Inc.
(REMIC)—	Real Estate Mortgage Investment Conduit
(STACR)—	Structured Agency Credit Risk

BHFTI-196

Brighthouse Funds Trust I

JPMorgan Core Bond Portfolio

Schedule of Investments as of March 31, 2022 (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 March 31, 2022:

Description	Level 1		Level 2			Level 3		Total
U.S. Treasury & Government Agencies
Agency Sponsored Mortgage - Backed	$	—	$	363,002,147		$	3,016,406	$	366,018,553
Federal Agencies		—		4,248,493			—		4,248,493
U.S. Treasury		—		394,517,816			—		394,517,816
Total U.S. Treasury & Government Agencies		—		761,768,456			3,016,406		764,784,862
Total Corporate Bonds & Notes*		—		453,734,008			—		453,734,008
Asset-Backed Securities
Asset-Backed - Automobile		—		37,296,120			—		37,296,120
Asset-Backed - Credit Card		—		5,276,538			—		5,276,538
Asset-Backed - Other		—		98,158,749			7,517,041		105,675,790
Asset-Backed - Student Loan		—		575,860			—		575,860
Total Asset-Backed Securities		—		141,307,267			7,517,041		148,824,308
Total Mortgage-Backed Securities*		—		96,882,990			—		96,882,990
Total Foreign Government*		—		7,664,118			—		7,664,118
Total Short-Term Investment*		—		36,084,530			—		36,084,530
Securities Lending Reinvestments
Certificates of Deposit		—		16,989,794			—		16,989,794
Commercial Paper		—		1,999,630			—		1,999,630
Repurchase Agreements		—		55,874,514			—		55,874,514
Time Deposits		—		11,000,000			—		11,000,000
Mutual Funds		5,000,000		—			—		5,000,000
Total Securities Lending Reinvestments		5,000,000		85,863,938			—		90,863,938
Total Investments	$	5,000,000	$	1,583,305,307		$	10,533,447	$	1,598,838,754
Collateral for Securities Loaned (Liability)	$	—	$	(90,873,731	)	$	—	$	(90,873,731	)

* 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 March 31, 2022 is not presented.

BHFTI-197

Brighthouse Funds Trust I

JPMorgan Global Active Allocation Portfolio

Consolidated Schedule of Investments as of March 31, 2022 (Unaudited)

Common Stocks—42.5% of Net Assets

Security Description	Shares		Value
Aerospace & Defense—0.8%
Airbus SE (a) (b)		44,534	$	5,382,982
General Dynamics Corp.		4,341		1,046,962
Northrop Grumman Corp.		2,484		1,110,895
Raytheon Technologies Corp.		17,116		1,695,682
Safran S.A.		43,987		5,169,800
				14,406,321
Air Freight & Logistics—0.2%
Deutsche Post AG		56,877		2,731,150
FedEx Corp.		4,923		1,139,133
				3,870,283
Airlines—0.1%
Southwest Airlines Co. (a)		40,279		1,844,778
Auto Components—0.1%
Bridgestone Corp.		49,200		1,904,111
Automobiles—0.5%
Honda Motor Co., Ltd.		64,600		1,835,687
Stellantis NV (Milan-Traded Shares) (b)		142,305		2,307,687
Tesla, Inc. (a)		4,686		5,049,634
				9,193,008
Banks—3.8%
Bank Central Asia Tbk PT		2,217,000		1,228,305
Bank of America Corp.		269,319		11,101,329
Bank Rakyat Indonesia Persero Tbk PT		5,126,314		1,650,593
BNP Paribas S.A.		33,166		1,888,381
Capitec Bank Holdings, Ltd.		10,014		1,599,908
Citigroup, Inc.		57,023		3,045,028
Citizens Financial Group, Inc.		34,845		1,579,524
Credicorp, Ltd.		4,555		782,868
Credit Agricole S.A.		216,620		2,587,989
DBS Group Holdings, Ltd.		288,800		7,592,650
Erste Group Bank AG		48,755		1,768,263
First Republic Bank		2,039		330,522
Grupo Financiero Banorte S.A.B. de C.V. - Class O		128,179		965,499
HDFC Bank, Ltd. (ADR)		61,163		3,751,127
ING Groep NV		126,819		1,325,357
Itau Unibanco Holding S.A. (ADR) (b)		163,965		936,240
KBC Group NV		111,894		8,047,367
Kotak Mahindra Bank, Ltd.		67,275		1,546,262
M&T Bank Corp. (b)		12,975		2,199,262
PNC Financial Services Group, Inc. (The)		8,686		1,602,133
Sberbank of Russia PJSC (ADR) (c) (d)		540		0
Signature Bank		1,173		344,264
SVB Financial Group (a)		618		345,740
Svenska Handelsbanken AB - A Shares		201,173		1,851,429
Truist Financial Corp.		95,978		5,441,953
U.S. Bancorp		20,872		1,109,347
Wells Fargo & Co.		110,720		5,365,491
				69,986,831
Beverages—1.3%
Ambev S.A. (ADR)		210,012	$	678,339
Budweiser Brewing Co. APAC, Ltd.		409,100		1,085,723
Carlsberg AS - Class B		51,257		6,258,190
Coca-Cola Co. (The)		53,704		3,329,648
Constellation Brands, Inc. - Class A		15,849		3,650,342
Diageo plc		86,546		4,374,311
Fomento Economico Mexicano S.A.B. de C.V. (ADR)		7,879		652,775
Keurig Dr Pepper, Inc.		17,438		660,900
Kweichow Moutai Co., Ltd. - Class A		6,056		1,633,695
Pernod Ricard S.A. (b)		5,861		1,285,446
				23,609,369
Biotechnology—1.3%
AbbVie, Inc.		73,653		11,939,888
Alnylam Pharmaceuticals, Inc. (a) (b)		2,413		394,019
Exact Sciences Corp. (a) (b)		3,458		241,783
Exelixis, Inc. (a)		11,457		259,730
Genmab A/S (a)		4,242		1,536,712
Horizon Therapeutics plc (a)		5,417		569,923
Natera, Inc. (a) (b)		3,793		154,299
Regeneron Pharmaceuticals, Inc. (a)		8,990		6,278,796
Vertex Pharmaceuticals, Inc. (a)		11,634		3,036,125
				24,411,275
Building Products—0.6%
Assa Abloy AB - Class B		61,580		1,660,413
Carlisle Cos., Inc.		3,588		882,361
Daikin Industries, Ltd.		12,100		2,203,106
Fortune Brands Home & Security, Inc.		7,498		556,952
Trane Technologies plc		33,816		5,163,703
				10,466,535
Capital Markets—1.1%
B3 S.A. - Brasil Bolsa Balcao		233,616		770,861
BlackRock, Inc.		525		401,189
Blackstone Group, Inc. (The)		6,003		762,021
Charles Schwab Corp. (The)		22,967		1,936,348
Deutsche Boerse AG		15,939		2,863,262
Hong Kong Exchanges & Clearing, Ltd.		66,400		3,129,231
Invesco, Ltd.		29,830		687,880
London Stock Exchange Group plc		22,968		2,399,598
Morgan Stanley		10,055		878,807
Northern Trust Corp.		8,665		1,009,039
S&P Global, Inc. (b)		1,871		767,447
State Street Corp.		52,360		4,561,603
T. Rowe Price Group, Inc.		5,635		851,955
				21,019,241
Chemicals—0.8%
Axalta Coating Systems, Ltd. (a)		15,694		385,759
Celanese Corp.		1,950		278,596
Eastman Chemical Co.		27,593		3,092,072
LG Chem, Ltd.		1,511		655,102
Linde plc (a)		9,135		2,943,671
Shin-Etsu Chemical Co., Ltd.		31,900		4,861,091

BHFTI-198

Brighthouse Funds Trust I

JPMorgan Global Active Allocation Portfolio

Consolidated Schedule of Investments as of March 31, 2022 (Unaudited)

Common Stocks—(Continued)

Security Description	Shares		Value
Chemicals—(Continued)
Symrise AG		17,966	$	2,156,869
				14,373,160
Commercial Services & Supplies—0.0%
Copart, Inc. (a)		4,554		571,390
Communications Equipment—0.1%
Arista Networks, Inc. (a)		3,270		454,464
Cisco Systems, Inc.		13,170		734,359
CommScope Holding Co., Inc. (a)		31,786		250,474
				1,439,297
Construction & Engineering—0.5%
Quanta Services, Inc.		6,899		907,977
Vinci S.A.		78,710		8,047,123
				8,955,100
Construction Materials—0.1%
Martin Marietta Materials, Inc.		3,028		1,165,447
Consumer Finance—0.5%
American Express Co.		36,372		6,801,564
Capital One Financial Corp.		16,226		2,130,312
				8,931,876
Containers & Packaging—0.1%
Packaging Corp. of America		8,883		1,386,725
WestRock Co.		16,253		764,379
				2,151,104
Diversified Consumer Services—0.0%
Bright Horizons Family Solutions, Inc. (a)		2,854		378,697
Diversified Financial Services—0.2%
Berkshire Hathaway, Inc. - Class B (a)		10,059		3,549,922
Diversified Telecommunication Services—0.1%
Verizon Communications, Inc.		42,683		2,174,272
Electric Utilities—0.8%
American Electric Power Co., Inc.		8,926		890,547
Edison International		10,423		730,652
Entergy Corp.		6,385		745,449
Iberdrola S.A.		341,158		3,713,283
NextEra Energy, Inc.		61,529		5,212,122
Orsted A/S		12,260		1,543,800
PG&E Corp. (a) (b)		33,348		398,175
Xcel Energy, Inc.		21,304		1,537,510
				14,771,538
Electrical Equipment—0.6%
AMETEK, Inc.		3,981		530,190
Eaton Corp. plc		32,521		4,935,387
Generac Holdings, Inc. (a)		1,293		384,357
Electrical Equipment—(Continued)
Nidec Corp.		21,100		1,671,664
Schneider Electric SE (b)		17,446		2,912,722
WEG S.A.		108,888		797,497
				11,231,817
Electronic Equipment, Instruments & Components—0.4%
Delta Electronics, Inc.		161,867		1,505,722
Keyence Corp.		7,800		3,626,438
Keysight Technologies, Inc. (a)		2,535		400,454
Largan Precision Co., Ltd.		6,000		392,619
TD SYNNEX Corp.		9,403		970,484
Zebra Technologies Corp. - Class A (a)		732		302,828
				7,198,545
Energy Equipment & Services—0.1%
Baker Hughes Co.		59,180		2,154,744
Entertainment—0.3%
NetEase, Inc.		54,875		989,268
ROBLOX Corp. - Class A (a)		2,483		114,814
Sea, Ltd. (ADR) (a) (b)		26,453		3,168,805
Walt Disney Co. (The) (a)		2,376		325,892
				4,598,779
Equity Real Estate Investment Trusts—0.8%
American Homes 4 Rent - Class A (b)		17,075		683,512
Apple Hospitality REIT, Inc. (b)		27,076		486,556
Brixmor Property Group, Inc.		39,034		1,007,468
Federal Realty Investment Trust		5,839		712,767
JBG SMITH Properties		16,709		488,237
Kimco Realty Corp.		50,464		1,246,461
Lamar Advertising Co. - Class A		2,996		348,075
Mid-America Apartment Communities, Inc.		3,859		808,268
Prologis, Inc.		20,249		3,269,808
Public Storage		1,274		497,217
Rayonier, Inc. (b)		25,845		1,062,746
Sun Communities, Inc.		11,210		1,965,001
Welltower, Inc. (b)		4,551		437,533
Weyerhaeuser Co.		39,208		1,485,983
				14,499,632
Food & Staples Retailing—0.3%
Bid Corp., Ltd.		48,553		1,055,907
President Chain Store Corp.		106,000		971,494
Raia Drogasil S.A.		104,366		524,784
Sysco Corp.		9,945		812,009
Wal-Mart de Mexico S.A.B. de C.V.		294,931		1,208,639
				4,572,833
Food Products—0.5%
Foshan Haitian Flavouring & Food Co., Ltd. - Class A		42,828		588,909
Kraft Heinz Co. (The)		29,042		1,143,965
Nestle S.A.		56,370		7,317,999
Post Holdings, Inc. (a)		13,476		933,348
				9,984,221

BHFTI-199

Brighthouse Funds Trust I

JPMorgan Global Active Allocation Portfolio

Consolidated Schedule of Investments as of March 31, 2022 (Unaudited)

Common Stocks—(Continued)

Security Description	Shares		Value
Health Care Equipment & Supplies—1.2%
Boston Scientific Corp. (a)		152,040	$	6,733,852
Coloplast A/S - Class B		9,281		1,405,630
Cooper Cos., Inc. (The)		1,265		528,251
DexCom, Inc. (a)		908		464,533
Hoya Corp.		20,000		2,282,234
Insulet Corp. (a) (b)		1,194		318,070
Intuitive Surgical, Inc. (a)		1,844		556,298
Medtronic plc		6,643		737,041
Smith & Nephew plc		81,276		1,295,507
Straumann Holding AG		877		1,403,326
Zimmer Biomet Holdings, Inc. (b)		50,329		6,437,079
				22,161,821
Health Care Providers & Services—0.9%
AmerisourceBergen Corp. (b)		9,427		1,458,451
Centene Corp. (a)		4,375		368,331
Cigna Corp.		2,848		682,409
CVS Health Corp.		15,749		1,593,957
HCA Healthcare, Inc.		1,744		437,081
McKesson Corp. (b)		1,656		506,951
UnitedHealth Group, Inc.		21,840		11,137,745
				16,184,925
Hotels, Restaurants & Leisure—1.2%
Airbnb, Inc. - Class A (a)		921		158,191
Booking Holdings, Inc. (a)		2,337		5,488,328
Cracker Barrel Old Country Store, Inc.		3,401		403,801
Hilton Worldwide Holdings, Inc. (a)		3,706		562,348
Huazhu Group, Ltd. (ADR) (b)		10,765		355,137
Marriott International, Inc. - Class A (a)		36,205		6,363,029
McDonald’s Corp.		30,231		7,475,522
Royal Caribbean Cruises, Ltd. (a) (b)		5,610		470,006
Sands China, Ltd. (a)		176,400		423,372
Yum China Holdings, Inc.		18,297		760,057
				22,459,791
Household Durables—0.4%
Garmin, Ltd.		2,696		319,773
Midea Group Co., Ltd. - Class A		102,600		917,732
Mohawk Industries, Inc. (a)		7,046		875,113
Newell Brands, Inc. (b)		38,775		830,173
Persimmon plc		42,408		1,192,779
Sony Group Corp.		33,100		3,416,283
				7,551,853
Household Products—0.3%
Energizer Holdings, Inc. (b)		19,670		605,049
Procter & Gamble Co. (The)		30,255		4,622,964
Unilever Indonesia Tbk PT		516,800		131,484
				5,359,497
Industrial Conglomerates—0.1%
Bidvest Group, Ltd. (The)		29,220		446,246
Honeywell International, Inc.		4,695		913,553
Industrial Conglomerates—(Continued)
Jardine Matheson Holdings, Ltd.		10,500		575,905
				1,935,704
Insurance—2.3%
AIA Group, Ltd.		643,400		6,736,033
Alleghany Corp. (a)		1,076		911,372
Allianz SE		24,773		5,915,655
American International Group, Inc.		8,746		548,986
AXA S.A.		91,377		2,668,566
Chubb, Ltd.		5,446		1,164,899
CNA Financial Corp.		9,263		450,367
Fairfax Financial Holdings, Ltd.		1,766		961,993
Hartford Financial Services Group, Inc. (The)		12,994		933,099
HDFC Life Insurance Co., Ltd.		118,591		836,951
Legal & General Group plc		423,640		1,502,176
Loews Corp.		36,978		2,396,914
Marsh & McLennan Cos., Inc.		3,605		614,364
Muenchener Rueckversicherungs-Gesellschaft AG		7,667		2,053,731
Ping An Insurance Group Co. of China, Ltd. - Class H		284,000		2,003,784
Progressive Corp. (The)		63,889		7,282,707
Prudential plc		138,126		2,040,366
Travelers Cos., Inc. (The)		13,487		2,464,480
				41,486,443
Interactive Media & Services—1.4%
Alphabet, Inc. - Class C (a)		2,512		7,015,991
Bumble, Inc. - Class A (a) (b)		12,477		361,583
IAC/InterActiveCorp. (a)		5,524		553,947
Meta Platforms, Inc. - Class A (a)		36,283		8,067,888
NAVER Corp.		5,331		1,490,671
Snap, Inc. - Class A (a) (b)		90,322		3,250,689
Tencent Holdings, Ltd.		93,000		4,387,311
				25,128,080
Internet & Direct Marketing Retail—1.6%
Alibaba Group Holding, Ltd. (a)		104,000		1,423,477
Allegro.eu S.A. (a)		30,422		252,899
Amazon.com, Inc. (a)		6,556		21,372,232
Delivery Hero SE (a)		20,896		920,437
JD.com, Inc. - Class A (a)		56,128		1,643,868
MercadoLibre, Inc. (a)		2,615		3,110,490
Zalando SE (a)		22,636		1,149,030
				29,872,433
IT Services—1.5%
Adyen NV (a)		799		1,578,481
Capgemini SE (b)		30,775		6,845,690
EPAM Systems, Inc. (a)		3,503		1,039,025
FleetCor Technologies, Inc. (a)		3,086		768,599
Global Payments, Inc.		2,982		408,057
Infosys, Ltd. (ADR) (b)		177,216		4,410,906
International Business Machines Corp.		7,210		937,444
Kyndryl Holdings, Inc. (a) (b)		19,861		260,576
MasterCard, Inc. - Class A		20,803		7,434,576
MongoDB, Inc. (a) (b)		854		378,826

BHFTI-200

Brighthouse Funds Trust I

JPMorgan Global Active Allocation Portfolio

Consolidated Schedule of Investments as of March 31, 2022 (Unaudited)

Common Stocks—(Continued)

Security Description	Shares		Value
IT Services—(Continued)
Tata Consultancy Services, Ltd.		77,565	$	3,817,584
				27,879,764
Life Sciences Tools & Services—0.2%
Lonza Group AG		3,755		2,720,434
Mettler-Toledo International, Inc. (a)		191		262,279
Thermo Fisher Scientific, Inc.		835		493,193
Wuxi Biologics Cayman, Inc. (a)		125,500		1,018,084
				4,493,990
Machinery—1.3%
Atlas Copco AB - A Shares		36,903		1,915,210
Deere & Co.		2,076		862,495
Dover Corp.		8,810		1,382,289
Ingersoll Rand, Inc.		86,244		4,342,385
ITT, Inc.		8,214		617,775
Kone Oyj - Class B		23,571		1,234,542
Kubota Corp.		83,600		1,567,331
Makita Corp.		39,600		1,268,336
SMC Corp.		3,100		1,731,391
Stanley Black & Decker, Inc.		4,382		612,560
Techtronic Industries Co., Ltd.		99,500		1,602,924
Timken Co. (The)		5,972		362,500
Volvo AB - B Shares (b)		323,668		6,036,896
				23,536,634
Media—0.4%
Charter Communications, Inc. - Class A (a)		8,464		4,617,281
DISH Network Corp. - Class A (a)		19,878		629,139
Liberty Broadband Corp. - Class C (a)		7,066		956,171
Liberty Media Corp. - Class C (a)		19,567		894,799
Nexstar Media Group, Inc. - Class A (b)		3,946		743,742
				7,841,132
Metals & Mining—0.5%
Anglo American plc		68,080		3,511,326
BHP Group, Ltd.		119,188		4,642,367
Freeport-McMoRan, Inc.		9,849		489,889
Rio Tinto plc		10,760		853,547
				9,497,129
Multi-Utilities—0.4%
RWE AG		184,107		8,030,438
Multiline Retail—0.2%
Dollar General Corp.		4,545		1,011,853
Kohl’s Corp.		17,995		1,087,978
Lojas Renner S.A.		106,362		614,351
				2,714,182
Oil, Gas & Consumable Fuels—1.7%
BP plc		643,850		3,146,516
Cheniere Energy, Inc.		1,650		228,773
Chevron Corp.		36,986		6,022,430
Oil, Gas & Consumable Fuels—(Continued)
ConocoPhillips		61,614		6,161,400
Coterra Energy, Inc.		43,886		1,183,605
Diamondback Energy, Inc.		4,001		548,457
EOG Resources, Inc.		5,654		674,126
Kinder Morgan, Inc.		56,995		1,077,775
Marathon Petroleum Corp. (b)		7,724		660,402
Phillips 66		10,950		945,971
Shell plc		126,009		3,458,160
TotalEnergies SE		117,395		5,956,474
Williams Cos., Inc. (The)		32,702		1,092,574
				31,156,663
Personal Products—0.2%
BellRing Brands, Inc. (a) (b)		17,893		412,970
Estee Lauder Cos., Inc. (The) - Class A		1,487		404,940
L’Oreal S.A.		7,822		3,130,879
LG Household & Health Care, Ltd.		697		489,603
				4,438,392
Pharmaceuticals—1.9%
Bristol-Myers Squibb Co.		119,233		8,707,586
Catalent, Inc. (a)		4,523		501,601
GlaxoSmithKline plc		136,077		2,934,355
Jazz Pharmaceuticals plc (a)		2,604		405,365
Johnson & Johnson		9,837		1,743,411
Kyowa Kirin Co., Ltd.		66,100		1,533,543
Merck & Co., Inc.		9,022		740,255
Novo Nordisk A/S - Class B		104,721		11,597,502
Organon & Co.		9,256		323,312
Roche Holding AG		16,256		6,428,847
Royalty Pharma plc - Class A (b)		5,544		215,994
Viatris, Inc.		26,419		287,439
				35,419,210
Professional Services—0.4%
Equifax, Inc.		1,948		461,871
Intertek Group plc		25,351		1,731,229
Leidos Holdings, Inc.		9,766		1,054,923
Recruit Holdings Co., Ltd.		42,800		1,873,667
RELX plc		92,934		2,893,157
				8,014,847
Real Estate Management & Development—0.0%
CBRE Group, Inc. - Class A (a)		6,805		622,794
Road & Rail—0.6%
Lyft, Inc. - Class A (a) (b)		151,064		5,800,857
Norfolk Southern Corp.		17,867		5,096,026
Old Dominion Freight Line, Inc.		1,031		307,939
				11,204,822
Semiconductors & Semiconductor Equipment—3.0%
Advanced Micro Devices, Inc. (a)		29,565		3,232,637
Analog Devices, Inc.		51,626		8,527,583
ASML Holding NV		8,574		5,718,853

BHFTI-201

Brighthouse Funds Trust I

JPMorgan Global Active Allocation Portfolio

Consolidated Schedule of Investments as of March 31, 2022 (Unaudited)

Common Stocks—(Continued)

Security Description	Shares		Value
Semiconductors & Semiconductor Equipment—(Continued)
Entegris, Inc.		3,850	$	505,351
Lam Research Corp.		6,915		3,717,573
NVIDIA Corp.		5,611		1,531,018
NXP Semiconductors NV		59,299		10,975,059
QUALCOMM, Inc.		5,831		891,093
SolarEdge Technologies, Inc. (a)		2,241		722,431
Taiwan Semiconductor Manufacturing Co., Ltd. (ADR)		89,630		9,344,824
Teradyne, Inc. (b)		2,517		297,585
Texas Instruments, Inc.		35,553		6,523,264
Tokyo Electron, Ltd.		4,100		2,105,244
Wolfspeed, Inc. (a)		2,931		333,724
				54,426,239
Software—1.3%
Confluent, Inc. - Class A (a)		5,548		227,468
Crowdstrike Holdings, Inc. - Class A (a)		1,106		251,151
HubSpot, Inc. (a) (b)		821		389,926
Intuit, Inc.		1,288		619,322
Microsoft Corp.		67,578		20,834,973
Palo Alto Networks, Inc. (a) (b)		1,260		784,363
ServiceNow, Inc. (a)		945		526,261
Synopsys, Inc. (a)		1,500		499,905
Trade Desk, Inc. (The) - Class A (a)		3,893		269,590
Zscaler, Inc. (a)		991		239,108
				24,642,067
Specialty Retail—0.6%
AutoZone, Inc. (a)		971		1,985,287
Best Buy Co., Inc. (b)		9,378		852,460
Burlington Stores, Inc. (a)		1,514		275,805
CarMax, Inc. (a)		2,352		226,921
Dick’s Sporting Goods, Inc. (b)		6,921		692,239
Gap, Inc. (The) (b)		50,789		715,109
Home Depot, Inc. (The)		2,893		865,962
Industria de Diseno Textil S.A.		39,268		854,426
Lowe’s Cos., Inc.		4,942		999,223
Murphy USA, Inc.		4,896		979,004
National Vision Holdings, Inc. (a) (b)		3,984		173,583
Ross Stores, Inc.		30,193		2,731,259
				11,351,278
Technology Hardware, Storage & Peripherals—1.1%
Apple, Inc.		86,408		15,087,701
Samsung Electronics Co., Ltd. (GDR)		2,786		3,953,334
Seagate Technology Holdings plc		20,445		1,838,005
				20,879,040
Textiles, Apparel & Luxury Goods—1.1%
Adidas AG		12,916		3,016,096
Columbia Sportswear Co.		7,010		634,615
Kering S.A.		3,775		2,384,660
LVMH Moet Hennessy Louis Vuitton SE		19,201		13,672,447
NIKE, Inc. - Class B		4,447		598,388
Ralph Lauren Corp.		6,238		707,639
				21,013,845
Thrifts & Mortgage Finance—0.2%
Housing Development Finance Corp., Ltd.		108,484		3,389,235
Tobacco—0.1%
ITC, Ltd.		286,011		942,833
Philip Morris International, Inc.		9,330		876,460
				1,819,293
Trading Companies & Distributors—0.1%
Ferguson plc		14,418		1,957,099
Wireless Telecommunication Services—0.3%
T-Mobile U.S., Inc. (a)		45,993		5,903,202
Total Common Stocks (Cost $709,974,441)				785,785,968
Convertible Bonds—17.5%
Aerospace/Defense—1.1%
MTU Aero Engines AG 0.125%, 05/17/23 (EUR)		5,700,000		10,706,256
Safran S.A. 0.875%, 05/15/27 (EUR)		6,940,819		10,316,152
				21,022,408
Airlines—1.1%
Southwest Airlines Co. 1.250%, 05/01/25 (b)		15,387,000		20,880,159
Apparel—1.2%
adidas AG 0.050%, 09/12/23 (EUR)		8,400,000		9,498,327
Kering S.A. Zero Coupon, 09/30/22 (EUR)		11,800,000		13,207,259
				22,705,586
Banks—1.7%
Barclays Bank plc
Zero Coupon, 02/04/25		9,793,000		15,652,348
Zero Coupon, 02/18/25		9,000,000		9,987,570
BofA Finance LLC 0.250%, 05/01/23		4,566,000		4,990,638
				30,630,556
Beverages—0.6%
Remy Cointreau S.A. 0.125%, 09/07/26 (EUR)		5,725,000		11,951,849
Biotechnology—0.3%
Illumina, Inc. Zero Coupon, 08/15/23 (b)		4,797,000		5,243,121
Building Materials—1.0%
Sika AG 0.150%, 06/05/25 (CHF)		11,020,000		19,275,728

BHFTI-202

Brighthouse Funds Trust I

JPMorgan Global Active Allocation Portfolio

Consolidated Schedule of Investments as of March 31, 2022 (Unaudited)

Convertible Bonds—(Continued)

Security Description	Principal Amount*		Value
Commercial Services—1.4%
Amadeus IT Group S.A. 1.500%, 04/09/25 (EUR)		12,500,000	$	17,822,099
Edenred Zero Coupon, 09/06/24 (EUR)		3,425,280		2,316,764
Euronet Worldwide, Inc. 0.750%, 03/15/49 (b)		4,424,000		4,921,700
				25,060,563
Computers—0.2%
Atos SE Zero Coupon, 11/06/24 (EUR)		2,800,000		2,911,092
Diversified Financial Services—0.2%
SBI Holdings, Inc. Zero Coupon, 09/13/23 (JPY)		540,000,000		4,717,348
Electric—0.4%
Iberdrola International B.V. Zero Coupon, 11/11/22 (EUR)		5,100,000		6,862,042
Electrical Components & Equipment—0.4%
Schneider Electric SE Zero Coupon, 06/15/26 (EUR)		3,129,400		7,228,443
Engineering & Construction—0.6%
Cellnex Telecom S.A. 1.500%, 01/16/26 (EUR)		6,400,000		10,452,266
Food—0.1%
Mondelez International Holdings Netherlands B.V. Zero Coupon, 09/20/24 (EUR)		1,800,000		2,024,304
Healthcare-Services—0.5%
Anthem, Inc. 2.750%, 10/15/42		1,232,000		8,597,266
Home Furnishings—1.0%
Sony Group Corp. Zero Coupon, 09/30/22 (JPY)		878,000,000		18,484,590
Internet—2.0%
Booking Holdings, Inc. 0.750%, 05/01/25 (b)		9,626,000		13,890,318
Palo Alto Networks, Inc. 0.750%, 07/01/23		9,773,000		22,873,706
				36,764,024
Investment Companies—0.3%
Ares Capital Corp. 4.625%, 03/01/24 (b)		5,338,000		6,027,114
Mining—0.2%
Glencore Funding LLC Zero Coupon, 03/27/25		3,200,000		3,778,368
Oil & Gas—0.7%
Pioneer Natural Resources Co. 0.250%, 05/15/25		5,305,000		12,596,722
Real Estate—0.4%
LEG Immobilien AG 0.875%, 09/01/25 (EUR)		6,100,000		7,359,301
Retail—0.6%
Zalando SE 0.050%, 08/06/25 (EUR)		10,300,000		10,504,928
Semiconductors—1.1%
STMicroelectronics NV Zero Coupon, 08/04/25		16,600,000		20,452,860
Software—0.4%
Akamai Technologies, Inc. 0.375%, 09/01/27		6,065,000		6,971,718
Total Convertible Bonds (Cost $279,333,954)				322,502,356
Corporate Bonds & Notes—12.6%
Aerospace/Defense—0.3%
BAE Systems plc
1.900%, 02/15/31 (144A)		200,000		173,649
3.400%, 04/15/30 (144A)		595,000		586,293
Boeing Co. (The)
1.167%, 02/04/23 (b)		80,000		79,364
1.433%, 02/04/24		155,000		149,917
1.950%, 02/01/24		145,000		141,766
2.196%, 02/04/26		655,000		619,248
2.750%, 02/01/26 (b)		145,000		140,504
3.100%, 05/01/26		80,000		78,601
3.200%, 03/01/29 (b)		344,000		327,808
3.250%, 03/01/28		100,000		96,036
3.250%, 02/01/35		468,000		417,877
3.600%, 05/01/34		175,000		163,229
3.750%, 02/01/50 (b)		115,000		102,400
3.950%, 08/01/59		250,000		216,576
4.875%, 05/01/25		100,000		103,167
5.150%, 05/01/30		150,000		159,969
5.705%, 05/01/40		150,000		167,618
L3Harris Technologies, Inc.
1.800%, 01/15/31		100,000		86,887
4.854%, 04/27/35		50,000		54,310
Raytheon Technologies Corp.
1.900%, 09/01/31		430,000		380,397
2.375%, 03/15/32		425,000		390,162
3.030%, 03/15/52 (b)		130,000		113,897
3.750%, 11/01/46		131,000		128,798
4.125%, 11/16/28		585,000		611,502
4.150%, 05/15/45		113,000		115,760
4.350%, 04/15/47		140,000		149,904
				5,755,639

BHFTI-203

Brighthouse Funds Trust I

JPMorgan Global Active Allocation Portfolio

Consolidated Schedule of Investments as of March 31, 2022 (Unaudited)

Corporate Bonds & Notes—(Continued)

Security Description	Principal Amount*		Value
Agriculture—0.3%
Altria Group, Inc.
2.450%, 02/04/32		460,000	$	399,864
3.400%, 02/04/41		280,000		229,781
3.875%, 09/16/46		327,000		276,885
BAT Capital Corp.
2.259%, 03/25/28		95,000		85,241
3.222%, 08/15/24		200,000		199,927
3.462%, 09/06/29		145,000		136,489
3.557%, 08/15/27		550,000		535,287
3.734%, 09/25/40 (b)		65,000		53,256
3.984%, 09/25/50		95,000		76,987
4.390%, 08/15/37		1,029,000		956,884
BAT International Finance plc
1.668%, 03/25/26 (b)		70,000		64,233
4.448%, 03/16/28		315,000		315,670
Bunge, Ltd. Finance Corp.
2.750%, 05/14/31		160,000		147,190
Imperial Brands Finance plc
3.125%, 07/26/24 (144A)		1,021,000		1,011,495
Philip Morris International, Inc.
3.875%, 08/21/42		334,000		310,638
				4,799,827
Airlines—0.3%
Air Canada Pass-Through Trust
3.300%, 01/15/30 (144A)		264,298		252,115
3.550%, 01/15/30 (144A)		574,560		542,161
3.750%, 12/15/27 (144A)		440,870		432,353
9.000%, 10/01/25 (144A)		24,681		26,311
American Airlines Pass-Through Trust
2.875%, 07/11/34		90,000		81,243
3.200%, 06/15/28		305,800		290,199
3.600%, 09/22/27		143,157		139,123
3.700%, 10/01/26		375,219		362,181
British Airways Pass-Through Trust
3.300%, 12/15/32 (144A)		306,475		289,662
4.125%, 09/20/31 (144A)		467,958		446,824
Continental Airlines Pass-Through Trust
4.000%, 10/29/24		506,806		505,389
Delta Air Lines Pass-Through Trust
3.204%, 10/25/25		367,000		367,313
3.625%, 07/30/27		93,237		92,286
JetBlue Pass-Through Trust
8.000%, 11/15/27		212,419		229,158
United Airlines Pass-Through Trust
2.700%, 05/01/32		196,471		179,855
3.450%, 12/01/27		367,030		362,447
3.700%, 03/01/30		58,373		54,376
4.150%, 04/11/24		337,352		338,403
4.150%, 08/25/31		179,175		180,832
4.300%, 08/15/25		37,682		37,629
				5,209,860
Auto Manufacturers—0.2%
General Motors Co.
5.000%, 04/01/35		194,000		197,197
5.150%, 04/01/38		150,000		152,383
6.125%, 10/01/25		670,000		719,259
General Motors Financial Co., Inc.
1.250%, 01/08/26		209,000		191,249
2.350%, 01/08/31		50,000		43,264
2.700%, 06/10/31		85,000		74,844
2.750%, 06/20/25		58,000		56,333
4.350%, 01/17/27		51,000		51,863
5.250%, 03/01/26		40,000		41,896
Hyundai Capital America
1.150%, 11/10/22 (144A)		181,000		179,744
1.300%, 01/08/26 (144A)		50,000		45,802
1.500%, 06/15/26 (144A)		35,000		31,817
1.800%, 10/15/25 (144A)		70,000		65,378
1.800%, 01/10/28 (144A)		100,000		88,315
2.100%, 09/15/28 (144A) (b)		455,000		400,975
2.375%, 10/15/27 (144A)		193,000		176,697
2.850%, 11/01/22 (144A)		130,000		130,401
Nissan Motor Co., Ltd.
3.522%, 09/17/25 (144A)		220,000		215,611
4.345%, 09/17/27 (144A)		445,000		438,493
Stellantis Finance U.S., Inc.
1.711%, 01/29/27 (144A)		200,000		182,290
				3,483,811
Auto Parts & Equipment—0.0%
Lear Corp.
2.600%, 01/15/32		69,000		60,948
3.550%, 01/15/52 (b)		325,000		268,181
				329,129
Banks—3.5%
ABN AMRO Bank NV
2.470%, 1Y H15 + 1.100%, 12/13/29 (144A) (e)		400,000		365,599
3.324%, 5Y H15 + 1.900%, 03/13/37 (144A) (e)		400,000		363,523
AIB Group plc
4.263%, 3M LIBOR + 1.874%, 04/10/25 (144A) (e)		315,000		315,603
4.750%, 10/12/23 (144A)		250,000		254,312
Australia & New Zealand Banking Group, Ltd.
4.400%, 05/19/26 (144A)		295,000		300,493
Banco Bilbao Vizcaya Argentaria S.A.
1.125%, 09/18/25		400,000		368,480
Banco Santander S.A.
1.722%, 1Y H15 + 0.900%, 09/14/27 (e)		200,000		180,640
2.706%, 06/27/24		600,000		593,634
2.746%, 05/28/25		200,000		194,893
4.175%, 1Y H15 + 2.000%, 03/24/28 (e)		600,000		603,043
Bank of America Corp.
1.197%, SOFR + 1.010%, 10/24/26 (e)		310,000		286,497
1.898%, SOFR + 1.530%, 07/23/31 (e)		330,000		288,179
1.922%, SOFR + 1.370%, 10/24/31 (e)		420,000		364,845
2.299%, SOFR + 1.220%, 07/21/32 (e)		690,000		614,110
2.551%, SOFR + 1.050%, 02/04/28 (e)		370,000		353,529

BHFTI-204

Brighthouse Funds Trust I

JPMorgan Global Active Allocation Portfolio

Consolidated Schedule of Investments as of March 31, 2022 (Unaudited)

Corporate Bonds & Notes—(Continued)

Security Description	Principal Amount*		Value
Banks—(Continued)
Bank of America Corp.
2.572%, SOFR + 1.210%, 10/20/32 (b) (e)		800,000	$	726,931
2.651%, SOFR + 1.220%, 03/11/32 (e)		330,000		302,661
2.676%, SOFR + 1.930%, 06/19/41 (e)		585,000		493,950
2.687%, SOFR + 1.320%, 04/22/32 (e)		1,085,000		997,806
2.884%, 3M LIBOR + 1.190%, 10/22/30 (e)		355,000		336,640
2.972%, SOFR + 1.330%, 02/04/33 (e)		105,000		98,384
3.093%, 3M LIBOR + 1.090%, 10/01/25 (e)		200,000		199,321
3.248%, 10/21/27		365,000		363,291
3.705%, 3M LIBOR + 1.512%, 04/24/28 (e)		1,537,000		1,546,829
3.824%, 3M LIBOR + 1.575%, 01/20/28 (e)		300,000		303,461
4.244%, 3M LIBOR + 1.814%, 04/24/38 (e)		270,000		281,305
4.450%, 03/03/26		167,000		172,709
Bank of Ireland Group plc
2.029%, 1Y H15 + 1.100%, 09/30/27 (144A) (e)		495,000		448,307
Bank of Montreal
3.803%, 5Y USD Swap + 1.432%, 12/15/32 (e)		100,000		98,822
Bank of Nova Scotia (The)
3.625%, 5Y H15 + 2.613%, 10/27/81 (e)		300,000		258,090
Barclays plc
1.007%, 1Y H15 + 0.800%, 12/10/24 (e)		200,000		192,014
3.932%, 3M LIBOR + 1.610%, 05/07/25 (e)		670,000		675,451
BNP Paribas S.A.
2.159%, SOFR + 1.218%, 09/15/29 (144A) (e)		440,000		391,454
2.219%, SOFR + 2.074%, 06/09/26 (144A) (e)		340,000		323,308
2.588%, 5Y H15 + 2.050%, 08/12/35 (144A) (e)		200,000		173,624
2.591%, SOFR + 1.228%, 01/20/28 (144A) (e)		375,000		352,914
2.871%, SOFR + 1.387%, 04/19/32 (144A) (e)		220,000		200,090
3.052%, SOFR + 1.507%, 01/13/31 (144A) (e)		270,000		252,565
BPCE S.A.
2.045%, SOFR + 1.087%, 10/19/27 (144A) (e)		685,000		630,134
2.375%, 01/14/25 (144A)		400,000		385,323
3.116%, SOFR + 1.730%, 10/19/32 (144A) (e)		250,000		226,269
Citigroup, Inc.
1.462%, SOFR + 0.770%, 06/09/27 (e)		590,000		541,849
2.014%, SOFR + 0.694%, 01/25/26 (e)		525,000		505,406
2.520%, SOFR + 1.177%, 11/03/32 (e)		415,000		372,319
2.561%, SOFR + 1.167%, 05/01/32 (e)		240,000		216,425
2.572%, SOFR + 2.107%, 06/03/31 (e)		775,000		709,983
3.057%, SOFR + 1.351%, 01/25/33 (b) (e)		71,000		66,338
3.520%, 3M LIBOR + 1.151%, 10/27/28 (b) (e)		322,000		318,973
3.668%, 3M LIBOR + 1.390%, 07/24/28 (e)		345,000		345,076
3.887%, 3M LIBOR + 1.563%, 01/10/28 (e)		1,470,000		1,486,537
4.300%, 11/20/26		308,000		316,741
4.400%, 06/10/25		120,000		123,444
5.300%, 05/06/44		100,000		113,784
Cooperatieve Rabobank UA
3.649%, 1Y H15 + 1.220%, 04/06/28 (144A) (e)		270,000		269,208
3.750%, 07/21/26		955,000		949,214
Credit Agricole S.A.
1.247%, SOFR + 0.892%, 01/26/27 (144A) (e)		250,000		227,444
1.907%, SOFR + 1.676%, 06/16/26 (144A) (e)		325,000		306,787
Credit Suisse Group AG
1.305%, SOFR + 0.980%, 02/02/27 (144A) (e)		250,000		223,599
3.091%, SOFR + 1.730%, 05/14/32 (144A) (e)		570,000		514,081
4.194%, SOFR + 3.730%, 04/01/31 (144A) (e)		345,000		340,346
Banks—(Continued)
Credit Suisse Group AG
4.207%, 3M LIBOR + 1.240%, 06/12/24 (144A) (e)		1,985,000		2,002,678
4.282%, 01/09/28 (144A)		730,000		729,173
Danske Bank A/S
1.171%, 1Y H15 + 1.030%, 12/08/23 (144A) (e)		275,000		271,452
1.621%, 1Y H15 + 1.350%, 09/11/26 (144A) (e)		245,000		226,549
3.244%, 3M LIBOR + 1.591%, 12/20/25 (144A) (e)		210,000		206,911
4.298%, 1Y H15 + 1.750%, 04/01/28 (144A) (e)		385,000		388,103
Deutsche Bank AG
2.129%, SOFR + 1.870%, 11/24/26 (e)		150,000		139,049
2.222%, SOFR + 2.159%, 09/18/24 (e)		365,000		357,013
2.311%, SOFR + 1.219%, 11/16/27 (e)		795,000		728,551
3.035%, SOFR + 1.718%, 05/28/32 (e)		280,000		251,621
3.742%, SOFR + 2.257%, 01/07/33 (e)		265,000		234,207
Goldman Sachs Group, Inc. (The)
1.431%, SOFR + 0.798%, 03/09/27 (e)		1,010,000		930,716
1.542%, SOFR + 0.818%, 09/10/27 (e)		1,115,000		1,019,031
1.757%, SOFR + 0.730%, 01/24/25 (e)		410,000		399,710
1.948%, SOFR + 0.913%, 10/21/27 (e)		85,000		78,995
2.383%, SOFR + 1.248%, 07/21/32 (e)		560,000		495,994
2.615%, SOFR + 1.281%, 04/22/32 (e)		35,000		31,810
2.640%, SOFR + 1.114%, 02/24/28 (e)		444,000		424,520
3.102%, SOFR + 1.410%, 02/24/33 (e)		580,000		546,701
3.272%, 3M LIBOR + 1.201%, 09/29/25 (e)		350,000		350,663
3.500%, 11/16/26		1,489,000		1,495,192
3.615%, SOFR + 1.846%, 03/15/28 (e)		310,000		309,566
3.650%, 5Y H15 + 2.915%, 08/10/26 (e)		102,000		93,330
4.017%, 3M LIBOR + 1.373%, 10/31/38 (e)		545,000		550,732
4.411%, 3M LIBOR + 1.430%, 04/23/39 (e)		140,000		147,675
HSBC Holdings plc
0.976%, SOFR + 0.708%, 05/24/25 (e)		255,000		242,082
1.645%, SOFR + 1.538%, 04/18/26 (e)		1,130,000		1,063,285
2.206%, SOFR + 1.285%, 08/17/29 (b) (e)		400,000		359,786
2.251%, SOFR + 1.100%, 11/22/27 (e)		350,000		326,108
2.357%, SOFR + 1.947%, 08/18/31 (e)		440,000		390,241
2.804%, SOFR + 1.187%, 05/24/32 (e)		200,000		181,728
2.871%, SOFR + 1.410%, 11/22/32 (e)		310,000		281,792
2.999%, SOFR + 1.430%, 03/10/26 (e)		380,000		372,574
4.292%, 3M LIBOR + 1.348%, 09/12/26 (e)		250,000		253,222
4.762%, SOFR + 2.530%, 03/29/33 (e)		200,000		205,536
6.500%, 09/15/37		100,000		121,766
ING Groep NV
4.017%, SOFR + 1.830%, 03/28/28 (e)		250,000		251,374
4.252%, SOFR + 2.070%, 03/28/33 (e)		200,000		205,876
Lloyds Banking Group plc
1.627%, 1Y H15 + 0.850%, 05/11/27 (e)		440,000		403,459
4.375%, 03/22/28		283,000		289,191
Macquarie Group, Ltd.
1.340%, SOFR + 1.069%, 01/12/27 (144A) (e)		60,000		54,665
2.691%, SOFR + 1.440%, 06/23/32 (144A) (e)		265,000		233,241
3.763%, 3M LIBOR + 1.372%, 11/28/28 (144A) (e)		526,000		515,513
Mitsubishi UFJ Financial Group, Inc.
1.640%, 1Y H15 + 0.670%, 10/13/27 (e)		200,000		183,857
2.341%, 1Y H15 + 0.830%, 01/19/28 (e)		880,000		831,147
3.751%, 07/18/39		250,000		245,533

BHFTI-205

Brighthouse Funds Trust I

JPMorgan Global Active Allocation Portfolio

Consolidated Schedule of Investments as of March 31, 2022 (Unaudited)

Corporate Bonds & Notes—(Continued)

Security Description	Principal Amount*		Value
Banks—(Continued)
Mizuho Financial Group, Inc.
1.234%, 1Y H15 + 0.670%, 05/22/27 (b) (e)		200,000	$	181,932
2.564%, 09/13/31		330,000		288,421
2.869%, SOFR + 1.572%, 09/13/30 (b) (e)		200,000		188,710
Morgan Stanley
1.512%, SOFR + 0.858%, 07/20/27 (e)		270,000		248,185
1.593%, SOFR + 0.879%, 05/04/27 (e)		810,000		752,556
1.794%, SOFR + 1.034%, 02/13/32 (e)		802,000		689,661
1.928%, SOFR + 1.020%, 04/28/32 (e)		65,000		56,182
2.239%, SOFR + 1.178%, 07/21/32 (e)		690,000		611,429
2.511%, SOFR + 1.200%, 10/20/32 (e)		180,000		162,241
2.720%, SOFR + 1.152%, 07/22/25 (e)		1,200,000		1,187,965
2.802%, SOFR + 1.430%, 01/25/52 (e)		105,000		87,357
3.591%, 3M LIBOR + 1.340%, 07/22/28 (b) (e)		400,000		401,112
3.622%, SOFR + 3.120%, 04/01/31 (b) (e)		228,000		226,814
3.971%, 3M LIBOR + 1.455%, 07/22/38 (e)		382,000		385,388
4.300%, 01/27/45		70,000		73,623
National Australia Bank, Ltd.
2.332%, 08/21/30 (144A)		295,000		256,617
3.933%, 5Y H15 + 1.880%, 08/02/34 (144A) (e)		390,000		381,296
NatWest Group plc
1.642%, 1Y H15 + 0.900%, 06/14/27 (e)		227,000		207,527
3.754%, 5Y H15 + 2.100%, 11/01/29 (e)		200,000		198,416
4.269%, 3M LIBOR + 1.762%, 03/22/25 (e)		1,666,000		1,685,324
4.892%, 3M LIBOR + 1.754%, 05/18/29 (e)		200,000		207,895
NatWest Markets plc
1.600%, 09/29/26 (144A)		300,000		274,734
Northern Trust Corp.
3.375%, 3M LIBOR + 1.131%, 05/08/32 (e)		100,000		97,797
Santander UK Group Holdings plc
1.089%, SOFR + 0.787%, 03/15/25 (e)		700,000		665,814
1.673%, SOFR + 0.989%, 06/14/27 (e)		600,000		545,894
2.896%, SOFR + 1.475%, 03/15/32 (e)		260,000		235,236
Societe Generale S.A.
1.488%, 1Y H15 + 1.100%, 12/14/26 (144A) (e)		465,000		420,373
1.792%, 1Y H15 + 1.000%, 06/09/27 (144A) (e)		370,000		333,396
2.625%, 10/16/24 (144A)		665,000		646,643
2.797%, 1Y H15 + 1.300%, 01/19/28 (144A) (e)		1,545,000		1,445,961
3.875%, 03/28/24 (144A)		375,000		375,656
4.250%, 04/14/25 (144A)		350,000		348,016
Standard Chartered plc
1.319%, 1Y H15 + 1.170%, 10/14/23 (144A) (e)		240,000		237,739
2.608%, 1Y H15 + 1.180%, 01/12/28 (144A) (e)		285,000		266,446
2.678%, 1Y H15 + 1.200%, 06/29/32 (144A) (e)		520,000		456,092
3.971%, 1Y H15 + 1.650%, 03/30/26 (144A) (e)		210,000		209,446
UBS Group AG
1.364%, 1Y H15 + 1.080%, 01/30/27 (144A) (e)		310,000		284,796
1.494%, 1Y H15 + 0.850%, 08/10/27 (144A) (e)		650,000		590,000
2.746%, 1Y H15 + 1.100%, 02/11/33 (144A) (e)		255,000		231,713
3.126%, 3M LIBOR + 1.468%, 08/13/30 (144A) (e)		295,000		283,557
4.125%, 09/24/25 (144A)		200,000		203,734
UniCredit S.p.A.
1.982%, 1Y H15 + 1.200%, 06/03/27 (144A) (e)		400,000		360,553
3.127%, 1Y H15 + 1.550%, 06/03/32 (144A) (e)		200,000		175,835
Wells Fargo & Co.
2.393%, SOFR + 2.100%, 06/02/28 (e)		150,000		141,840
Banks—(Continued)
Wells Fargo & Co.
2.406%, SOFR + 1.087%, 10/30/25 (b) (e)		830,000		812,511
3.068%, SOFR + 2.530%, 04/30/41 (e)		235,000		211,259
3.196%, 3M LIBOR + 1.170%, 06/17/27 (e)		1,039,000		1,025,317
3.350%, SOFR + 1.500%, 03/02/33 (e)		285,000		276,975
3.584%, 3M LIBOR + 1.310%, 05/22/28 (e)		323,000		322,475
4.400%, 06/14/46		115,000		119,226
Westpac Banking Corp.
3.020%, 5Y H15 + 1.530%, 11/18/36 (e)		230,000		204,366
3.133%, 11/18/41		93,000		79,812
4.322%, 5Y USD ICE Swap + 2.236%, 11/23/31 (e)		100,000		100,574
				63,710,942
Beverages—0.3%
Anheuser-Busch Cos. LLC / Anheuser-Busch InBev Worldwide, Inc.
4.700%, 02/01/36		745,000		799,024
Anheuser-Busch InBev Finance, Inc.
4.700%, 02/01/36		423,000		453,674
Anheuser-Busch InBev Worldwide, Inc.
4.375%, 04/15/38		967,000		1,016,097
4.439%, 10/06/48		120,000		125,616
4.500%, 06/01/50 (b)		325,000		347,244
4.600%, 06/01/60		70,000		74,399
Coca-Cola Co. (The)
1.375%, 03/15/31		205,000		177,623
2.600%, 06/01/50		225,000		192,195
3.000%, 03/05/51		200,000		184,122
Constellation Brands, Inc.
3.150%, 08/01/29		270,000		260,717
5.250%, 11/15/48		25,000		27,939
Fomento Economico Mexicano S.A.B. de C.V.
3.500%, 01/16/50		236,000		218,272
Keurig Dr Pepper, Inc.
3.200%, 05/01/30		365,000		353,777
3.430%, 06/15/27		75,000		74,972
4.597%, 05/25/28		340,000		358,524
Pernod Ricard International Finance LLC
1.625%, 04/01/31 (144A)		360,000		309,073
				4,973,268
Biotechnology—0.1%
Amgen, Inc.
2.800%, 08/15/41		140,000		120,198
3.000%, 01/15/52		370,000		312,936
3.150%, 02/21/40		345,000		315,370
3.350%, 02/22/32		150,000		148,596
Biogen, Inc.
2.250%, 05/01/30		328,000		295,117
3.150%, 05/01/50		8,000		6,551
Gilead Sciences, Inc.
2.600%, 10/01/40		610,000		513,614
2.800%, 10/01/50		45,000		36,825
Regeneron Pharmaceuticals, Inc.
1.750%, 09/15/30		768,000		666,452

BHFTI-206

Brighthouse Funds Trust I

JPMorgan Global Active Allocation Portfolio

Consolidated Schedule of Investments as of March 31, 2022 (Unaudited)

Corporate Bonds & Notes—(Continued)

Security Description	Principal Amount*		Value
Biotechnology—(Continued)
Royalty Pharma plc
1.200%, 09/02/25		54,000	$	49,673
2.150%, 09/02/31		80,000		68,589
3.350%, 09/02/51		210,000		168,338
				2,702,259
Building Materials—0.0%
Lennox International, Inc.
1.700%, 08/01/27		160,000		146,899
Martin Marietta Materials, Inc.
3.450%, 06/01/27		100,000		100,310
Masco Corp.
2.000%, 10/01/30		50,000		43,290
6.500%, 08/15/32		150,000		176,766
				467,265
Chemicals—0.1%
Celanese U.S. Holdings LLC
3.500%, 05/08/24		139,000		139,357
CF Industries, Inc.
4.950%, 06/01/43		172,000		184,986
5.150%, 03/15/34		385,000		427,298
DuPont de Nemours, Inc.
5.319%, 11/15/38		60,000		68,913
Eastman Chemical Co.
4.500%, 12/01/28		150,000		154,141
International Flavors & Fragrances, Inc.
3.468%, 12/01/50 (144A) (b)		52,000		45,868
Nutrien, Ltd.
4.200%, 04/01/29		50,000		52,248
5.000%, 04/01/49		75,000		87,055
Sherwin-Williams Co. (The)
2.200%, 03/15/32		280,000		248,323
				1,408,189
Commercial Services—0.2%
Ford Foundation (The)
2.815%, 06/01/70		55,000		45,371
Global Payments, Inc.
2.150%, 01/15/27		265,000		248,722
2.900%, 05/15/30		362,000		334,105
2.900%, 11/15/31		83,000		75,619
3.200%, 08/15/29		364,000		345,805
Moody’s Corp.
2.550%, 08/18/60		130,000		97,849
PayPal Holdings, Inc.
2.300%, 06/01/30		185,000		172,211
Pepperdine University
3.301%, 12/01/59		180,000		164,614
Quanta Services, Inc.
2.350%, 01/15/32		115,000		99,831
2.900%, 10/01/30		180,000		166,539
S&P Global, Inc.
2.300%, 08/15/60		190,000		143,653
Commercial Services—(Continued)
S&P Global, Inc.
2.900%, 03/01/32 (144A)		221,000		214,249
4.250%, 05/01/29 (144A) (b)		354,000		372,786
4.750%, 08/01/28 (144A)		235,000		252,471
Triton Container International, Ltd.
1.150%, 06/07/24 (144A)		360,000		341,540
Trustees of Boston University
3.173%, 10/01/50		210,000		183,734
University of Chicago (The)
2.761%, 04/01/45		100,000		88,902
University of Southern California
3.226%, 10/01/2120		100,000		82,446
				3,430,447
Computers—0.2%
Apple, Inc.
2.375%, 02/08/41		175,000		152,440
2.650%, 05/11/50		340,000		296,144
2.700%, 08/05/51		440,000		382,491
2.800%, 02/08/61		35,000		30,094
2.850%, 08/05/61		115,000		99,182
3.450%, 02/09/45		716,000		711,246
CGI, Inc.
2.300%, 09/14/31 (144A)		156,000		136,063
Dell International LLC / EMC Corp.
4.900%, 10/01/26		110,000		115,378
5.300%, 10/01/29		518,000		564,231
5.450%, 06/15/23		17,000		17,512
6.020%, 06/15/26		414,000		448,457
Leidos, Inc.
2.300%, 02/15/31		210,000		182,039
2.950%, 05/15/23		150,000		150,323
				3,285,600
Cosmetics/Personal Care—0.0%
GSK Consumer Healthcare Capital U.S. LLC
3.375%, 03/24/27 (144A)		250,000		249,997
3.625%, 03/24/32 (144A)		250,000		249,765
				499,762
Diversified Financial Services—0.4%
AerCap Ireland Capital DAC / AerCap Global Aviation Trust
1.750%, 01/30/26		151,000		138,535
2.450%, 10/29/26		680,000		628,967
3.000%, 10/29/28		560,000		516,425
3.300%, 01/30/32		150,000		135,219
4.450%, 04/03/26		150,000		151,504
4.500%, 09/15/23		245,000		246,842
4.875%, 01/16/24		150,000		152,026
6.500%, 07/15/25		837,000		886,329
Air Lease Corp.
2.875%, 01/15/26		116,000		111,960
3.000%, 09/15/23		60,000		59,742
3.250%, 10/01/29		150,000		141,615

BHFTI-207

Brighthouse Funds Trust I

JPMorgan Global Active Allocation Portfolio

Consolidated Schedule of Investments as of March 31, 2022 (Unaudited)

Corporate Bonds & Notes—(Continued)

Security Description	Principal Amount*		Value
Diversified Financial Services—(Continued)
Air Lease Corp.
3.375%, 07/01/25		401,000	$	395,220
3.625%, 12/01/27		119,000		115,767
Aviation Capital Group LLC
1.950%, 01/30/26 (144A)		130,000		119,390
3.875%, 05/01/23 (144A)		100,000		100,437
4.125%, 08/01/25 (144A)		80,000		79,346
5.500%, 12/15/24 (144A)		110,000		113,217
Avolon Holdings Funding, Ltd.
2.125%, 02/21/26 (144A)		70,000		63,912
2.528%, 11/18/27 (144A)		623,000		550,329
2.875%, 02/15/25 (144A)		164,000		157,469
4.250%, 04/15/26 (144A)		465,000		458,562
4.375%, 05/01/26 (144A)		495,000		488,320
5.250%, 05/15/24 (144A)		100,000		102,091
5.500%, 01/15/26 (144A)		185,000		190,930
BOC Aviation, Ltd.
2.750%, 09/18/22 (144A)		220,000		220,026
Brookfield Finance, Inc.
4.850%, 03/29/29		137,000		146,027
GTP Acquisition Partners I LLC
3.482%, 06/15/50 (144A)		325,000		326,019
Mitsubishi HC Capital, Inc.
3.559%, 02/28/24 (144A)		200,000		201,729
Nomura Holdings, Inc.
1.851%, 07/16/25 (b)		295,000		278,442
2.648%, 01/16/25		375,000		364,776
Nuveen LLC
4.000%, 11/01/28 (144A)		100,000		104,030
Park Aerospace Holdings, Ltd.
4.500%, 03/15/23 (144A)		190,000		191,351
5.500%, 02/15/24 (144A)		95,000		97,231
Visa, Inc.
2.700%, 04/15/40		105,000		95,463
				8,129,248
Electric—1.4%
AEP Texas, Inc.
3.950%, 06/01/28		311,000		317,328
AEP Transmission Co. LLC
2.750%, 08/15/51		110,000		90,110
3.150%, 09/15/49		30,000		26,563
AES Corp. (The)
1.375%, 01/15/26		200,000		183,914
3.300%, 07/15/25 (144A)		400,000		392,440
3.950%, 07/15/30 (144A)		67,000		66,374
Alexander Funding Trust
1.841%, 11/15/23 (144A)		1,030,000		998,359
Alliant Energy Finance LLC
1.400%, 03/15/26 (144A)		70,000		63,660
Ameren Corp.
1.750%, 03/15/28		100,000		91,424
3.500%, 01/15/31		268,000		264,362
Ameren Illinois Co.
4.500%, 03/15/49		225,000		248,805
Electric—(Continued)
American Electric Power Co., Inc.
3.875%, 5Y H15 + 2.675%, 02/15/62 (e)		390,000		360,298
American Transmission Systems, Inc.
2.650%, 01/15/32 (144A)		150,000		138,630
Arizona Public Service Co.
4.700%, 01/15/44		50,000		51,199
Ausgrid Finance Pty, Ltd.
3.850%, 05/01/23 (144A)		150,000		150,966
Baltimore Gas & Electric Co.
3.200%, 09/15/49		210,000		189,316
Berkshire Hathaway Energy Co.
2.850%, 05/15/51		105,000		88,969
CenterPoint Energy, Inc.
2.650%, 06/01/31		190,000		175,259
2.950%, 03/01/30		160,000		152,380
Cleveland Electric Illuminating Co. (The)
4.550%, 11/15/30 (144A)		60,000		63,039
Commonwealth Edison Co.
3.700%, 03/01/45		128,000		125,870
Consolidated Edison Co. of New York, Inc.
4.650%, 12/01/48		150,000		164,735
Constellation Energy Generation LLC
5.750%, 10/01/41		120,000		129,640
Dominion Energy, Inc.
4.050%, 09/15/42		120,000		117,975
Duke Energy Carolinas LLC
2.550%, 04/15/31		190,000		178,259
4.000%, 09/30/42		255,000		260,728
Duke Energy Corp.
2.550%, 06/15/31		185,000		169,145
Duke Energy Florida LLC
1.750%, 06/15/30		150,000		133,528
2.400%, 12/15/31		470,000		433,698
Duke Energy Indiana LLC
2.750%, 04/01/50		230,000		193,695
3.750%, 05/15/46		585,000		573,747
Duke Energy Ohio, Inc.
4.300%, 02/01/49		21,000		22,153
Duke Energy Progress LLC
2.900%, 08/15/51		170,000		148,908
3.400%, 04/01/32		110,000		110,508
3.700%, 10/15/46		120,000		116,192
4.000%, 04/01/52		30,000		31,795
Duquesne Light Holdings, Inc.
3.616%, 08/01/27 (144A)		754,000		743,702
Edison International
3.550%, 11/15/24		276,000		276,858
5.750%, 06/15/27		55,000		58,935
EDP Finance B.V.
1.710%, 01/24/28 (144A)		515,000		454,172
Emera U.S. Finance L.P.
2.639%, 06/15/31 (b)		245,000		219,615
4.750%, 06/15/46		322,000		335,661
Enel Finance International NV
1.875%, 07/12/28 (144A)		255,000		229,829
2.250%, 07/12/31 (144A)		200,000		177,119

BHFTI-208

Brighthouse Funds Trust I

JPMorgan Global Active Allocation Portfolio

Consolidated Schedule of Investments as of March 31, 2022 (Unaudited)

Corporate Bonds & Notes—(Continued)

Security Description	Principal Amount*		Value
Electric—(Continued)
Entergy Arkansas LLC
4.950%, 12/15/44		59,000	$	61,087
Entergy Corp.
2.400%, 06/15/31		220,000		197,477
Entergy Louisiana LLC
1.600%, 12/15/30		145,000		125,610
2.350%, 06/15/32		220,000		199,510
2.900%, 03/15/51		141,000		121,641
4.950%, 01/15/45		383,000		397,427
Entergy Mississippi LLC
3.500%, 06/01/51		40,000		37,353
3.850%, 06/01/49		120,000		119,019
Entergy Texas, Inc.
1.500%, 09/01/26		150,000		137,556
1.750%, 03/15/31		345,000		301,282
4.000%, 03/30/29		141,000		146,877
Evergy Kansas Central, Inc.
3.250%, 09/01/49		205,000		184,560
Evergy Metro, Inc.
2.250%, 06/01/30		160,000		146,717
Evergy, Inc.
2.900%, 09/15/29		150,000		143,367
Exelon Corp.
3.350%, 03/15/32 (144A)		130,000		126,669
Exelon Generation Co. LLC
5.600%, 06/15/42		265,000		282,073
Fells Point Funding Trust
3.046%, 01/31/27 (144A)		1,210,000		1,159,916
FirstEnergy Transmission LLC
4.550%, 04/01/49 (144A)		305,000		291,394
Florida Power & Light Co.
2.450%, 02/03/32		205,000		192,816
Fortis, Inc.
3.055%, 10/04/26		272,000		268,838
ITC Holdings Corp.
2.950%, 05/14/30 (144A)		955,000		904,706
Jersey Central Power & Light Co.
6.150%, 06/01/37		100,000		120,774
Louisville Gas & Electric Co.
4.650%, 11/15/43		197,000		207,717
Metropolitan Edison Co.
4.000%, 04/15/25 (144A)		20,000		19,895
Mid-Atlantic Interstate Transmission LLC
4.100%, 05/15/28 (144A)		40,000		40,359
Monongahela Power Co.
3.550%, 05/15/27 (144A)		325,000		324,631
National Rural Utilities Cooperative Finance Corp.
1.350%, 03/15/31		469,000		394,208
NextEra Energy Capital Holdings, Inc.
2.951%, 3M LIBOR + 2.125%, 06/15/67 (e)		223,000		191,723
3.500%, 04/01/29		134,000		135,038
NRG Energy, Inc.
2.000%, 12/02/25 (144A)		90,000		84,625
2.450%, 12/02/27 (144A)		100,000		92,230
3.750%, 06/15/24 (144A)		387,000		385,483
4.450%, 06/15/29 (144A)		100,000		100,041
Electric—(Continued)
OGE Energy Corp.
0.703%, 05/26/23		60,000	$	58,781
Ohio Power Co.
2.900%, 10/01/51		215,000		178,168
Oklahoma Gas and Electric Co.
0.553%, 05/26/23		70,000		68,491
Pacific Gas and Electric Co.
1.338%, SOFR + 1.150%, 11/14/22 (e)		80,000		80,023
1.367%, 03/10/23		110,000		108,063
1.700%, 11/15/23		305,000		297,297
1.750%, 06/16/22		655,000		654,256
2.950%, 03/01/26		55,000		52,263
3.250%, 02/16/24		210,000		209,023
3.450%, 07/01/25		310,000		302,389
3.750%, 08/15/42		37,000		30,102
4.000%, 12/01/46		305,000		253,715
4.300%, 03/15/45		60,000		51,106
4.500%, 07/01/40		295,000		268,578
4.550%, 07/01/30		30,000		29,766
4.600%, 06/15/43		82,000		72,740
4.650%, 08/01/28		165,000		164,741
PacifiCorp.
2.700%, 09/15/30		195,000		185,693
2.900%, 06/15/52 (b)		266,000		232,406
3.300%, 03/15/51 (b)		97,000		88,957
4.125%, 01/15/49		285,000		294,716
PECO Energy Co.
2.800%, 06/15/50		215,000		185,389
4.800%, 10/15/43		105,000		116,531
Pennsylvania Electric Co.
3.600%, 06/01/29 (144A)		500,000		496,407
PG&E Energy Recovery Funding LLC
2.822%, 07/15/46		40,000		35,779
PPL Capital Funding, Inc.
3.661%, 3M LIBOR + 2.665%, 03/30/67 (b) (e)		395,000		346,613
Public Service Co. of Colorado
2.700%, 01/15/51 (b)		105,000		88,947
4.300%, 03/15/44		185,000		195,785
Public Service Co. of Oklahoma
2.200%, 08/15/31 (b)		185,000		165,594
6.625%, 11/15/37		100,000		123,986
Public Service Electric and Gas Co.
2.700%, 05/01/50		190,000		161,993
3.100%, 03/15/32		150,000		148,187
Puget Energy, Inc.
2.379%, 06/15/28		140,000		127,996
San Diego Gas & Electric Co.
2.950%, 08/15/51		150,000		131,764
4.300%, 04/01/42		160,000		164,697
Sempra Energy
4.125%, 5Y H15 + 2.868%, 04/01/52 (e)		310,000		289,384
Southern California Edison Co.
3.450%, 02/01/52 (b)		155,000		139,259
3.600%, 02/01/45		111,000		100,520
3.650%, 03/01/28		324,000		323,503
3.900%, 03/15/43		23,000		21,579

BHFTI-209

Brighthouse Funds Trust I

JPMorgan Global Active Allocation Portfolio

Consolidated Schedule of Investments as of March 31, 2022 (Unaudited)

Corporate Bonds & Notes—(Continued)

Security Description	Principal Amount*		Value
Electric—(Continued)
Southern California Edison Co.
4.050%, 03/15/42		150,000	$	143,805
4.125%, 03/01/48		195,000		191,844
4.500%, 09/01/40		130,000		131,710
Southern Power Co.
5.150%, 09/15/41		125,000		132,665
Southwestern Electric Power Co.
3.900%, 04/01/45		272,000		257,123
Tucson Electric Power Co.
4.850%, 12/01/48		150,000		168,598
Union Electric Co.
2.150%, 03/15/32 (b)		235,000		214,034
2.950%, 06/15/27		161,000		158,660
3.900%, 04/01/52		60,000		62,073
Virginia Electric and Power Co.
2.450%, 12/15/50		395,000		315,851
Vistra Operations Co. LLC
3.550%, 07/15/24 (144A)		170,000		168,389
3.700%, 01/30/27 (144A)		195,000		187,155
4.300%, 07/15/29 (144A)		305,000		294,398
				26,633,973
Electronics—0.0%
Arrow Electronics, Inc.
3.875%, 01/12/28		123,000		123,411
Entertainment—0.1%
Magallanes, Inc.
4.279%, 03/15/32 (144A)		607,000		609,700
5.050%, 03/15/42 (144A)		280,000		285,609
5.141%, 03/15/52 (144A)		140,000		143,233
				1,038,542
Food—0.1%
Campbell Soup Co.
3.125%, 04/24/50		28,000		23,304
Kraft Heinz Foods Co.
3.750%, 04/01/30 (b)		259,000		257,889
4.375%, 06/01/46		64,000		63,209
4.625%, 10/01/39		299,000		303,015
Kroger Co. (The)
3.950%, 01/15/50 (b)		120,000		121,393
4.450%, 02/01/47		70,000		74,392
Smithfield Foods, Inc.
3.000%, 10/15/30 (144A)		200,000		181,512
5.200%, 04/01/29 (144A)		150,000		157,364
Sysco Corp.
3.150%, 12/14/51		182,000		155,216
				1,337,294
Gas—0.1%
APT Pipelines, Ltd.
4.200%, 03/23/25 (144A)		100,000		101,386
4.250%, 07/15/27 (144A)		70,000		71,793
Gas—(Continued)
Atmos Energy Corp.
4.125%, 03/15/49		145,000	$	152,686
Boston Gas Co.
3.001%, 08/01/29 (144A)		120,000		113,947
Brooklyn Union Gas Co. (The)
3.865%, 03/04/29 (144A)		170,000		170,620
NiSource, Inc.
1.700%, 02/15/31		351,000		297,731
2.950%, 09/01/29		180,000		171,532
ONE Gas, Inc.
4.500%, 11/01/48		142,000		152,434
Southern California Gas Co.
2.950%, 04/15/27		330,000		325,465
4.450%, 03/15/44		50,000		51,410
Southern Co. Gas Capital Corp.
1.750%, 01/15/31		186,000		159,019
3.150%, 09/30/51		80,000		67,804
				1,835,827
Healthcare-Products—0.0%
Danaher Corp.
2.800%, 12/10/51		140,000		118,963
Thermo Fisher Scientific, Inc.
2.000%, 10/15/31 (b)		140,000		125,678
Zimmer Biomet Holdings, Inc.
2.600%, 11/24/31		308,000		281,092
4.450%, 08/15/45		55,000		54,969
				580,702
Healthcare-Services—0.4%
Aetna, Inc.
3.875%, 08/15/47		236,000		229,936
4.125%, 11/15/42		195,000		192,222
Anthem, Inc.
2.875%, 09/15/29		160,000		154,608
4.101%, 03/01/28		140,000		145,233
Children’s Hospital
2.928%, 07/15/50		100,000		81,928
CommonSpirit Health
1.547%, 10/01/25		65,000		60,944
2.782%, 10/01/30		70,000		65,236
3.910%, 10/01/50		65,000		61,926
Cottage Health Obligated Group
3.304%, 11/01/49		230,000		212,487
Hartford HealthCare Corp.
3.447%, 07/01/54		240,000		226,558
HCA, Inc.
3.125%, 03/15/27 (144A)		360,000		351,753
3.500%, 07/15/51		45,000		39,019
4.500%, 02/15/27 (b)		908,000		937,824
5.125%, 06/15/39		110,000		118,619
5.250%, 06/15/26		260,000		274,431
5.375%, 09/01/26 (b)		668,000		701,400
5.625%, 09/01/28		664,000		717,950
5.875%, 02/15/26		91,000		96,779

BHFTI-210

Brighthouse Funds Trust I

JPMorgan Global Active Allocation Portfolio

Consolidated Schedule of Investments as of March 31, 2022 (Unaudited)

Corporate Bonds & Notes—(Continued)

Security Description	Principal Amount*		Value
Healthcare-Services—(Continued)
HCA, Inc.
5.875%, 02/01/29		109,000	$	119,159
Memorial Health Services
3.447%, 11/01/49		210,000		197,464
MidMichigan Health
3.409%, 06/01/50		40,000		35,103
New York and Presbyterian Hospital (The)
2.256%, 08/01/40		230,000		182,023
NYU Langone Hospitals
3.380%, 07/01/55		90,000		79,831
Piedmont Healthcare, Inc.
2.864%, 01/01/52		95,000		77,509
Quest Diagnostics, Inc.
2.800%, 06/30/31		80,000		74,821
Roche Holdings, Inc.
2.076%, 12/13/31 (144A)		270,000		248,448
2.607%, 12/13/51 (144A)		485,000		420,096
UnitedHealth Group, Inc.
2.750%, 05/15/40		663,000		595,462
3.050%, 05/15/41		100,000		93,155
3.250%, 05/15/51		140,000		131,497
3.500%, 08/15/39 (b)		238,000		236,089
Universal Health Services, Inc.
2.650%, 10/15/30 (144A)		525,000		476,602
2.650%, 01/15/32 (144A)		63,000		56,618
Yale-New Haven Health Services Corp.
2.496%, 07/01/50		110,000		86,054
				7,778,784
Holding Companies-Diversified—0.0%
CK Hutchison International 19, Ltd.
3.625%, 04/11/29 (144A)		205,000		207,259
Home Builders—0.0%
Lennar Corp.
4.500%, 04/30/24		45,000		46,131
MDC Holdings, Inc.
2.500%, 01/15/31		220,000		192,093
3.850%, 01/15/30		111,000		107,908
				346,132
Insurance—0.3%
AIA Group, Ltd.
3.900%, 04/06/28 (144A)		210,000		213,805
American Financial Group, Inc.
3.500%, 08/15/26		70,000		70,638
American International Group, Inc.
3.875%, 01/15/35		223,000		227,232
Athene Global Funding
0.950%, 01/08/24 (144A)		55,000		52,963
1.450%, 01/08/26 (144A)		65,000		60,142
2.500%, 01/14/25 (144A)		16,000		15,529
2.950%, 11/12/26 (144A)		370,000		358,215
Berkshire Hathaway Finance Co.
2.850%, 10/15/50		260,000		225,100
Insurance—(Continued)
Berkshire Hathaway Finance Co.
2.875%, 03/15/32		155,000	$	150,288
3.850%, 03/15/52		385,000		393,688
4.400%, 05/15/42		200,000		215,406
Corebridge Financial, Inc.
3.850%, 04/05/29 (144A)		55,000		54,950
F&G Global Funding
1.750%, 06/30/26 (144A)		80,000		74,355
Guardian Life Insurance Co. of America (The)
3.700%, 01/22/70 (144A)		85,000		76,618
4.875%, 06/19/64 † (144A)		150,000		167,734
Hanover Insurance Group, Inc. (The)
2.500%, 09/01/30		70,000		63,626
Hartford Financial Services Group, Inc. (The)
4.300%, 04/15/43		25,000		25,123
6.100%, 10/01/41		25,000		30,900
Intact U.S. Holdings, Inc.
4.600%, 11/09/22		150,000		151,641
Massachusetts Mutual Life Insurance Co.
5.077%, 3M LIBOR + 3.191%, 02/15/69 † (144A) (e)		195,000		212,064
Nationwide Mutual Insurance Co.
4.350%, 04/30/50 (144A)		105,000		104,466
New York Life Global Funding
1.850%, 08/01/31 (144A)		230,000		200,161
3.000%, 01/10/28 (144A)		125,000		123,060
New York Life Insurance Co.
3.750%, 05/15/50 (144A)		90,000		87,242
4.450%, 05/15/69 (144A)		140,000		145,340
Northwestern Mutual Global Funding
1.700%, 06/01/28 (144A)		85,000		77,809
Northwestern Mutual Life Insurance Co. (The)
3.850%, 09/30/47 (144A)		220,000		214,709
Pacific Life Insurance Co.
4.300%, 3M LIBOR + 2.796%, 10/24/67 (144A) (e)		97,000		89,846
Prudential Financial, Inc.
3.905%, 12/07/47		65,000		64,783
Prudential Insurance Co. of America (The)
8.300%, 07/01/25 (144A)		250,000		284,362
Swiss Re Finance Luxembourg S.A.
5.000%, 5Y H15 + 3.582%, 04/02/49 (144A) (e)		400,000		414,000
Teachers Insurance & Annuity Association of America
4.270%, 05/15/47 (144A)		100,000		105,649
				4,751,444
Internet—0.1%
Alphabet, Inc.
1.900%, 08/15/40		250,000		203,881
2.050%, 08/15/50		85,000		67,052
Amazon.com, Inc.
2.500%, 06/03/50		275,000		229,587
2.700%, 06/03/60		260,000		214,724
3.100%, 05/12/51		120,000		112,619
3.875%, 08/22/37		280,000		296,363
Netflix, Inc.
4.875%, 04/15/28		620,000		650,228
5.375%, 11/15/29 (144A)		243,000		263,047

BHFTI-211

Brighthouse Funds Trust I

JPMorgan Global Active Allocation Portfolio

Consolidated Schedule of Investments as of March 31, 2022 (Unaudited)

Corporate Bonds & Notes—(Continued)

Security Description	Principal Amount*		Value
Internet—(Continued)
VeriSign, Inc.
2.700%, 06/15/31		191,000	$	172,855
				2,210,356
Iron/Steel—0.0%
Vale Overseas, Ltd.
3.750%, 07/08/30		547,000		527,855
Machinery-Diversified—0.0%
Otis Worldwide Corp.
2.565%, 02/15/30		235,000		219,629
Rockwell Automation, Inc.
2.800%, 08/15/61		85,000		68,530
				288,159
Media—0.4%
Charter Communications Operating LLC / Charter Communications Operating Capital Corp.
2.250%, 01/15/29		810,000		728,893
2.300%, 02/01/32 (b)		285,000		243,608
2.800%, 04/01/31		300,000		270,388
3.500%, 06/01/41 (b)		190,000		157,915
3.500%, 03/01/42		195,000		161,213
3.700%, 04/01/51		60,000		49,446
3.900%, 06/01/52		215,000		181,312
4.800%, 03/01/50		240,000		227,978
6.384%, 10/23/35		330,000		372,811
Comcast Corp.
2.450%, 08/15/52 (b)		635,000		503,667
2.887%, 11/01/51 (144A)		64,000		53,954
2.937%, 11/01/56 (144A)		505,000		416,889
2.987%, 11/01/63 (144A) (b)		80,000		65,466
3.200%, 07/15/36		552,000		528,105
3.250%, 11/01/39		570,000		540,478
3.450%, 02/01/50		190,000		177,752
3.750%, 04/01/40		25,000		25,165
COX Communications, Inc.
2.950%, 10/01/50 (144A)		110,000		86,625
Discovery Communications LLC
4.000%, 09/15/55 (b)		145,000		125,103
4.950%, 05/15/42		250,000		248,122
5.200%, 09/20/47		125,000		130,028
Paramount Global
6.375%, 5Y H15 + 3.999%, 03/30/62 (e)		70,000		70,665
Time Warner Cable LLC
4.500%, 09/15/42		667,000		616,922
6.550%, 05/01/37		50,000		57,502
6.750%, 06/15/39		265,000		307,255
Walt Disney Co. (The)
3.500%, 05/13/40		255,000		248,367
				6,595,629
Metal Fabricate/Hardware—0.0%
Precision Castparts Corp.
4.200%, 06/15/35		60,000		63,408
Mining—0.1%
Glencore Funding LLC
2.500%, 09/01/30 (144A)		384,000	$	343,620
2.625%, 09/23/31 (144A) (b)		415,000		371,221
2.850%, 04/27/31 (144A)		130,000		118,713
4.125%, 05/30/23 (144A)		61,000		61,971
Rio Tinto Finance USA, Ltd.
2.750%, 11/02/51		255,000		220,207
Teck Resources, Ltd.
5.200%, 03/01/42		100,000		104,820
5.400%, 02/01/43		219,000		236,257
				1,456,809
Miscellaneous Manufacturing—0.1%
Eaton Corp.
5.800%, 03/15/37		100,000		116,867
GE Capital International Funding Co.
4.418%, 11/15/35		550,000		590,583
General Electric Co.
6.750%, 03/15/32		185,000		233,053
Siemens Financieringsmaatschappij NV
4.400%, 05/27/45 (144A)		250,000		274,806
				1,215,309
Oil & Gas—0.5%
BP Capital Markets America, Inc.
2.721%, 01/12/32		939,000		883,695
2.939%, 06/04/51		270,000		230,456
3.000%, 02/24/50		115,000		99,330
3.017%, 01/16/27		596,000		594,376
BP Capital Markets plc
4.375%, 5Y H15 + 4.036%, 06/22/25 (e)		56,000		56,308
Cenovus Energy, Inc.
3.750%, 02/15/52		130,000		116,257
ConocoPhillips Co.
4.025%, 03/15/62 (144A)		155,000		157,143
Continental Resources, Inc.
2.268%, 11/15/26 (144A)		260,000		242,770
4.900%, 06/01/44		120,000		118,746
Coterra Energy, Inc.
3.900%, 05/15/27 (144A)		130,000		130,947
Devon Energy Corp.
4.500%, 01/15/30		165,000		170,269
5.250%, 10/15/27		265,000		274,733
Diamondback Energy, Inc.
3.125%, 03/24/31		290,000		276,965
3.250%, 12/01/26		80,000		79,881
3.500%, 12/01/29		37,000		36,651
Eni S.p.A.
4.250%, 05/09/29 (144A)		235,000		242,233
4.750%, 09/12/28 (144A)		305,000		318,444
Eni USA, Inc.
7.300%, 11/15/27		100,000		117,204
Equinor ASA
2.375%, 05/22/30		90,000		84,948

BHFTI-212

Brighthouse Funds Trust I

JPMorgan Global Active Allocation Portfolio

Consolidated Schedule of Investments as of March 31, 2022 (Unaudited)

Corporate Bonds & Notes—(Continued)

Security Description	Principal Amount*		Value
Oil & Gas—(Continued)
Exxon Mobil Corp.
2.610%, 10/15/30		85,000	$	81,928
2.995%, 08/16/39		355,000		329,118
3.095%, 08/16/49		370,000		338,458
Hess Corp.
5.600%, 02/15/41		85,000		95,510
HollyFrontier Corp.
2.625%, 10/01/23		120,000		118,775
5.875%, 04/01/26		56,000		58,304
Lundin Energy Finance B.V.
3.100%, 07/15/31 (144A)		640,000		592,692
Marathon Petroleum Corp.
4.700%, 05/01/25		23,000		23,901
4.750%, 09/15/44		79,000		80,328
Ovintiv Exploration, Inc.
5.375%, 01/01/26		185,000		196,092
Petroleos Mexicanos
6.500%, 03/13/27		200,000		203,100
Phillips 66
2.150%, 12/15/30 (b)		300,000		266,466
Pioneer Natural Resources Co.
1.900%, 08/15/30 (b)		370,000		327,991
Santos Finance, Ltd.
3.649%, 04/29/31 (144A)		319,000		298,080
Shell International Finance B.V.
2.875%, 11/26/41		105,000		94,318
3.625%, 08/21/42		310,000		304,356
3.750%, 09/12/46		201,000		203,122
Suncor Energy, Inc.
5.350%, 07/15/33		150,000		163,868
TotalEnergies Capital International S.A.
2.986%, 06/29/41		430,000		391,770
3.127%, 05/29/50		278,000		253,628
3.461%, 07/12/49		137,000		131,893
Valero Energy Corp.
2.150%, 09/15/27		110,000		102,869
				8,887,923
Oil & Gas Services—0.0%
Baker Hughes Holding LLC / Baker Hughes Co-Obligor, Inc.
3.138%, 11/07/29		170,000		166,006
3.337%, 12/15/27		252,000		250,526
Baker Hughes Holdings LLC
5.125%, 09/15/40		25,000		28,402
Halliburton Co.
3.800%, 11/15/25		3,000		3,064
Schlumberger Holdings Corp.
3.900%, 05/17/28 (144A)		181,000		182,857
				630,855
Packaging & Containers—0.0%
Graphic Packaging International LLC
1.512%, 04/15/26 (144A)		115,000		105,628
Packaging Corp. of America
4.050%, 12/15/49		135,000		137,656
				243,284
Pharmaceuticals—0.6%
AbbVie, Inc.
3.200%, 11/21/29		717,000	$	708,474
4.050%, 11/21/39		655,000		672,952
4.400%, 11/06/42		315,000		332,332
4.450%, 05/14/46		430,000		456,911
4.550%, 03/15/35		60,000		64,410
4.625%, 10/01/42		220,000		233,732
4.750%, 03/15/45		60,000		65,318
AstraZeneca plc
1.375%, 08/06/30		210,000		183,001
2.125%, 08/06/50 (b)		280,000		215,110
4.000%, 09/18/42		253,000		265,881
6.450%, 09/15/37		50,000		66,407
Bayer U.S. Finance LLC
4.375%, 12/15/28 (144A)		245,000		250,489
Becton Dickinson and Co.
1.957%, 02/11/31		160,000		141,344
Bristol-Myers Squibb Co.
2.350%, 11/13/40 (b)		620,000		523,186
2.550%, 11/13/50		300,000		249,025
2.950%, 03/15/32		200,000		195,645
3.700%, 03/15/52		160,000		160,790
4.125%, 06/15/39		105,000		112,750
Cigna Corp.
3.200%, 03/15/40		290,000		263,602
4.375%, 10/15/28		592,000		622,737
CVS Health Corp.
1.750%, 08/21/30		220,000		192,807
2.700%, 08/21/40		640,000		545,664
4.300%, 03/25/28		140,000		146,451
5.050%, 03/25/48		175,000		198,186
5.300%, 12/05/43		200,000		232,838
CVS Pass-Through Trust
4.704%, 01/10/36 (144A)		259,596		271,193
5.880%, 01/10/28		281,682		300,443
8.353%, 07/10/31 (144A)		126,907		152,126
Eli Lilly and Co.
2.250%, 05/15/50 (b)		170,000		137,878
Johnson & Johnson
3.400%, 01/15/38		223,000		227,360
Merck & Co., Inc.
2.150%, 12/10/31		455,000		420,844
2.350%, 06/24/40		65,000		55,979
2.750%, 12/10/51		548,000		477,330
Pfizer, Inc.
2.700%, 05/28/50 (b)		230,000		203,553
Shire Acquisitions Investments Ireland DAC
3.200%, 09/23/26		398,000		398,688
Takeda Pharmaceutical Co., Ltd.
3.025%, 07/09/40		715,000		637,498
3.175%, 07/09/50		200,000		174,958
5.000%, 11/26/28		200,000		216,874
Zoetis, Inc.
2.000%, 05/15/30		140,000		125,539
				10,900,305

BHFTI-213

Brighthouse Funds Trust I

JPMorgan Global Active Allocation Portfolio

Consolidated Schedule of Investments as of March 31, 2022 (Unaudited)

Corporate Bonds & Notes—(Continued)

Security Description	Principal Amount*		Value
Pipelines—0.5%
Boardwalk Pipelines L.P.
4.450%, 07/15/27		34,000	$	34,688
Cameron LNG LLC
3.701%, 01/15/39 (144A)		163,000		156,958
Cheniere Corpus Christi Holdings LLC
2.742%, 12/31/39 (144A)		110,000		95,712
3.700%, 11/15/29		80,000		79,750
5.125%, 06/30/27		800,000		852,742
Columbia Pipeline Group, Inc.
5.800%, 06/01/45		115,000		135,264
Enbridge, Inc.
0.826%, SOFR + 0.630%, 02/16/24 (e)		194,000		193,952
3.125%, 11/15/29		230,000		222,891
Energy Transfer L.P.
4.150%, 09/15/29		340,000		341,005
4.200%, 04/15/27		17,000		17,309
4.400%, 03/15/27		70,000		71,169
4.750%, 01/15/26 (b)		136,000		141,331
4.950%, 05/15/28		80,000		82,852
4.950%, 01/15/43		150,000		143,848
5.150%, 02/01/43		566,000		556,012
5.250%, 04/15/29		5,000		5,336
5.500%, 06/01/27		36,000		38,687
5.800%, 06/15/38		35,000		37,863
5.950%, 10/01/43		90,000		96,054
6.050%, 06/01/41		55,000		61,046
6.250%, 04/15/49		70,000		80,323
Enterprise Products Operating LLC
3.300%, 02/15/53		160,000		136,506
4.250%, 02/15/48		285,000		286,139
4.950%, 10/15/54		33,000		35,872
Flex Intermediate Holdco LLC
3.363%, 06/30/31 (144A)		332,000		308,459
4.317%, 12/30/39 (144A)		60,000		55,783
Gray Oak Pipeline LLC
2.000%, 09/15/23 (144A)		110,000		108,368
3.450%, 10/15/27 (144A)		150,000		144,472
Kinder Morgan Energy Partners L.P.
5.000%, 08/15/42		170,000		174,018
Kinder Morgan, Inc.
3.250%, 08/01/50		295,000		244,882
5.050%, 02/15/46		80,000		84,810
5.300%, 12/01/34		305,000		334,273
MPLX L.P.
4.500%, 04/15/38 (b)		431,000		440,374
Northern Natural Gas Co.
3.400%, 10/16/51 (144A)		100,000		87,354
ONEOK Partners L.P.
5.000%, 09/15/23		70,000		71,700
6.650%, 10/01/36		140,000		160,180
Phillips 66 Partners L.P.
3.150%, 12/15/29		40,000		38,580
4.900%, 10/01/46 (b)		80,000		87,872
Plains All American Pipeline L.P. / PAA Finance Corp.
3.550%, 12/15/29 (b)		245,000		236,768
3.850%, 10/15/23		113,000		113,959
Pipelines—(Continued)
Plains All American Pipeline L.P. / PAA Finance Corp.
4.700%, 06/15/44		120,000		112,597
5.150%, 06/01/42		95,000		91,955
Sabine Pass Liquefaction LLC
4.200%, 03/15/28		790,000		811,240
4.500%, 05/15/30 (b)		300,000		313,730
Southern Natural Gas Co. LLC
4.800%, 03/15/47 (144A)		102,000		107,785
8.000%, 03/01/32		70,000		88,848
Targa Resources Corp.
4.200%, 02/01/33		40,000		40,365
Targa Resources Partners L.P. / Targa Resources Partners Finance Corp.
5.000%, 01/15/28		260,000		263,503
Tennessee Gas Pipeline Co. LLC
2.900%, 03/01/30 (144A)		75,000		70,356
Texas Eastern Transmission L.P.
3.500%, 01/15/28 (144A)		45,000		44,720
TransCanada PipeLines, Ltd.
4.625%, 03/01/34		355,000		378,804
Transcanada Trust
5.500%, SOFR + 4.416%, 09/15/79 (e)		298,000		297,404
Williams Cos., Inc. (The)
2.600%, 03/15/31		275,000		253,223
5.400%, 03/04/44		185,000		203,130
				9,672,821
Real Estate—0.0%
Ontario Teachers’ Cadillac Fairview Properties Trust
3.875%, 03/20/27 (144A)		243,000		248,772
Real Estate Investment Trusts—0.5%
Alexandria Real Estate Equities, Inc.
2.950%, 03/15/34		185,000		174,047
3.800%, 04/15/26		23,000		23,408
4.000%, 02/01/50		111,000		109,502
American Campus Communities Operating Partnership L.P.
3.625%, 11/15/27		150,000		148,711
American Tower Corp.
1.500%, 01/31/28		150,000		132,539
1.875%, 10/15/30		130,000		110,639
2.950%, 01/15/51 (b)		39,000		30,646
3.100%, 06/15/50		61,000		49,291
3.125%, 01/15/27		501,000		488,189
3.700%, 10/15/49		210,000		187,161
3.950%, 03/15/29		191,000		191,255
4.050%, 03/15/32		205,000		205,487
American Tower Trust
3.652%, 03/15/48 (144A)		160,000		161,752
Boston Properties L.P.
4.500%, 12/01/28 (b)		100,000		105,468
Brixmor Operating Partnership L.P.
2.250%, 04/01/28		80,000		73,059
2.500%, 08/16/31		45,000		39,746
3.850%, 02/01/25		60,000		60,442

BHFTI-214

Brighthouse Funds Trust I

JPMorgan Global Active Allocation Portfolio

Consolidated Schedule of Investments as of March 31, 2022 (Unaudited)

Corporate Bonds & Notes—(Continued)

Security Description	Principal Amount*		Value
Real Estate Investment Trusts—(Continued)
Corporate Office Properties L.P.
2.000%, 01/15/29		60,000	$	52,788
2.750%, 04/15/31		187,000		167,872
Crown Castle International Corp.
3.800%, 02/15/28		745,000		744,245
4.450%, 02/15/26		100,000		102,975
Equinix, Inc.
2.900%, 11/18/26		135,000		130,731
ERP Operating L.P.
4.150%, 12/01/28		120,000		124,069
Essex Portfolio L.P.
2.650%, 03/15/32 (b)		120,000		109,765
2.650%, 09/01/50		160,000		123,904
Goodman U.S. Finance Three LLC
3.700%, 03/15/28 (144A)		110,000		109,753
Healthcare Trust of America Holdings L.P.
2.000%, 03/15/31		80,000		69,223
3.100%, 02/15/30		200,000		190,118
Healthpeak Properties, Inc.
2.125%, 12/01/28 (b)		142,000		130,575
3.000%, 01/15/30		110,000		105,672
3.500%, 07/15/29		118,000		117,836
Kimco Realty Corp.
2.250%, 12/01/31 (b)		150,000		134,339
Life Storage L.P.
2.400%, 10/15/31		55,000		48,470
4.000%, 06/15/29		137,000		138,850
National Retail Properties, Inc.
3.000%, 04/15/52		100,000		80,187
4.000%, 11/15/25		100,000		102,407
Office Properties Income Trust
2.650%, 06/15/26		282,000		257,859
3.450%, 10/15/31		95,000		81,847
4.000%, 07/15/22		140,000		140,294
Physicians Realty L.P.
2.625%, 11/01/31		55,000		49,620
Prologis L.P.
2.125%, 10/15/50		150,000		112,258
Public Storage
1.950%, 11/09/28		66,000		61,081
2.250%, 11/09/31		165,000		150,842
Realty Income Corp.
2.850%, 12/15/32		210,000		198,401
3.875%, 04/15/25		60,000		60,940
Regency Centers L.P.
2.950%, 09/15/29		450,000		428,700
Sabra Health Care L.P.
3.200%, 12/01/31		90,000		80,315
Safehold Operating Partnership L.P.
2.850%, 01/15/32		167,000		147,134
SITE Centers Corp.
4.700%, 06/01/27		60,000		62,103
UDR, Inc.
3.000%, 08/15/31		120,000		113,878
3.500%, 07/01/27		100,000		100,229
Real Estate Investment Trusts—(Continued)
Ventas Realty L.P.
4.875%, 04/15/49		88,000		96,531
5.700%, 09/30/43		220,000		260,050
WEA Finance LLC
2.875%, 01/15/27 (144A) (b)		575,000		546,369
Welltower, Inc.
2.700%, 02/15/27 (b)		57,000		55,738
2.750%, 01/15/32		210,000		193,133
3.100%, 01/15/30		320,000		308,091
3.850%, 06/15/32		80,000		80,559
WP Carey, Inc.
2.250%, 04/01/33		135,000		115,313
2.450%, 02/01/32		160,000		141,354
				8,917,760
Retail—0.2%
7-Eleven, Inc.
1.300%, 02/10/28 (144A)		56,000		49,024
2.500%, 02/10/41 (144A)		146,000		117,807
2.800%, 02/10/51 (144A)		245,000		197,258
Alimentation Couche-Tard, Inc.
3.439%, 05/13/41 (144A)		20,000		17,960
3.625%, 05/13/51 (144A)		25,000		22,670
3.800%, 01/25/50 (144A)		135,000		125,786
AutoZone, Inc.
1.650%, 01/15/31		100,000		85,241
Home Depot, Inc. (The)
1.875%, 09/15/31		400,000		357,432
2.375%, 03/15/51 (b)		415,000		332,754
2.750%, 09/15/51		165,000		142,146
3.300%, 04/15/40		80,000		77,051
Kohl’s Corp.
3.375%, 05/01/31 (b)		162,000		156,342
Lowe’s Cos., Inc.
2.800%, 09/15/41		120,000		102,780
3.000%, 10/15/50		105,000		89,329
3.350%, 04/01/27		40,000		40,234
3.700%, 04/15/46		173,000		165,766
3.750%, 04/01/32		140,000		141,540
McDonald’s Corp.
3.625%, 05/01/43		257,000		242,494
3.700%, 02/15/42		120,000		115,658
6.300%, 10/15/37		90,000		115,372
Nordstrom, Inc.
4.250%, 08/01/31 (b)		121,000		110,281
O’Reilly Automotive, Inc.
3.550%, 03/15/26		60,000		60,373
Starbucks Corp.
3.750%, 12/01/47		76,000		71,762
				2,937,060
Savings & Loans—0.0%
Nationwide Building Society
2.972%, SOFR + 1.290%, 02/16/28 (144A) (e)		590,000		561,279

BHFTI-215

Brighthouse Funds Trust I

JPMorgan Global Active Allocation Portfolio

Consolidated Schedule of Investments as of March 31, 2022 (Unaudited)

Corporate Bonds & Notes—(Continued)

Security Description	Principal Amount*		Value
Semiconductors—0.3%
Advanced Micro Devices, Inc.
2.375%, 06/01/30		351,000	$	326,108
Analog Devices, Inc.
2.800%, 10/01/41		96,000		86,136
2.950%, 10/01/51		170,000		153,788
Broadcom Corp. / Broadcom Cayman Finance, Ltd.
3.875%, 01/15/27		572,000		575,824
Broadcom, Inc.
1.950%, 02/15/28 (144A)		265,000		238,788
2.450%, 02/15/31 (144A)		522,000		465,665
3.137%, 11/15/35 (144A)		270,000		237,895
3.187%, 11/15/36 (144A)		120,000		104,171
4.150%, 11/15/30		133,000		134,794
Intel Corp.
3.050%, 08/12/51 (b)		305,000		271,174
KLA Corp.
3.300%, 03/01/50		355,000		334,382
Microchip Technology, Inc.
0.972%, 02/15/24 (b)		435,000		416,904
0.983%, 09/01/24 (144A)		155,000		146,749
2.670%, 09/01/23		200,000		199,330
NVIDIA Corp.
3.500%, 04/01/50		150,000		151,592
NXP B.V. / NXP Funding LLC / NXP USA, Inc.
2.500%, 05/11/31 (144A)		145,000		130,216
3.250%, 05/11/41 (144A)		285,000		251,319
3.400%, 05/01/30 (144A)		110,000		106,618
Qorvo, Inc.
4.375%, 10/15/29		418,000		418,140
TSMC Global, Ltd.
1.000%, 09/28/27 (144A)		295,000		259,175
2.250%, 04/23/31 (144A)		220,000		201,332
				5,210,100
Software—0.3%
Activision Blizzard, Inc.
1.350%, 09/15/30		321,000		278,242
2.500%, 09/15/50		443,000		363,944
Citrix Systems, Inc.
1.250%, 03/01/26		32,000		31,111
Electronic Arts, Inc.
1.850%, 02/15/31		150,000		131,740
Fiserv, Inc.
3.500%, 07/01/29		277,000		272,649
4.400%, 07/01/49		60,000		61,953
Microsoft Corp.
2.675%, 06/01/60		190,000		163,841
3.500%, 02/12/35		735,000		769,865
Oracle Corp.
2.300%, 03/25/28		70,000		63,936
2.875%, 03/25/31		405,000		369,275
3.250%, 11/15/27		178,000		172,863
3.600%, 04/01/40		420,000		364,344
3.600%, 04/01/50		245,000		203,194
3.800%, 11/15/37		366,000		331,005
Software—(Continued)
Oracle Corp.
3.850%, 07/15/36		408,000		375,546
3.900%, 05/15/35		222,000		208,765
Roper Technologies, Inc.
1.400%, 09/15/27		360,000		326,238
2.000%, 06/30/30		180,000		159,796
Salesforce.com, Inc.
2.900%, 07/15/51		240,000		213,098
VMware, Inc.
1.400%, 08/15/26 (b)		172,000		157,905
1.800%, 08/15/28		115,000		101,994
2.200%, 08/15/31		345,000		303,749
3.900%, 08/21/27		211,000		213,727
4.650%, 05/15/27		86,000		90,111
Workday, Inc.
3.500%, 04/01/27		114,000		113,970
				5,842,861
Telecommunications—0.5%
AT&T, Inc.
1.650%, 02/01/28		50,000		45,555
2.250%, 02/01/32		835,000		740,410
2.300%, 06/01/27		210,000		200,082
2.550%, 12/01/33		285,000		253,207
2.750%, 06/01/31		75,000		70,326
3.100%, 02/01/43		285,000		246,037
3.500%, 06/01/41		115,000		105,883
3.500%, 09/15/53		459,000		402,747
3.550%, 09/15/55		638,000		562,694
3.650%, 09/15/59		295,000		258,695
4.300%, 12/15/42		492,000		496,382
Corning, Inc.
3.900%, 11/15/49		252,000		243,248
Crown Castle Towers LLC
3.663%, 05/15/45 (144A)		225,000		224,505
Rogers Communications, Inc.
3.700%, 11/15/49		60,000		53,359
3.800%, 03/15/32 (144A)		260,000		257,987
4.550%, 03/15/52 (144A) (b)		75,000		74,562
T-Mobile USA, Inc.
2.050%, 02/15/28		620,000		566,255
3.750%, 04/15/27		180,000		181,052
3.875%, 04/15/30		53,000		53,203
4.375%, 04/15/40		265,000		266,124
Telefonica Emisiones S.A.U.
4.665%, 03/06/38		720,000		736,247
4.895%, 03/06/48		150,000		155,101
Verizon Communications, Inc.
1.680%, 10/30/30		220,000		191,824
1.750%, 01/20/31		135,000		117,703
2.100%, 03/22/28		270,000		251,660
2.355%, 03/15/32 (144A)		562,000		507,607
2.550%, 03/21/31		90,000		83,615
2.650%, 11/20/40		409,000		347,919
4.125%, 03/16/27		200,000		207,888

BHFTI-216

Brighthouse Funds Trust I

JPMorgan Global Active Allocation Portfolio

Consolidated Schedule of Investments as of March 31, 2022 (Unaudited)

Corporate Bonds & Notes—(Continued)

Security Description	Principal Amount*		Value
Telecommunications—(Continued)
Verizon Communications, Inc.
4.272%, 01/15/36		1,263,000	$	1,330,556
4.329%, 09/21/28		454,000		478,913
Vodafone Group plc
4.250%, 09/17/50		170,000		169,435
6.250%, 11/30/32		160,000		188,869
				10,069,650
Toys/Games/Hobbies—0.0%
Hasbro, Inc.
3.900%, 11/19/29 (b)		149,000		149,515
Transportation—0.2%
Burlington Northern Santa Fe LLC
2.875%, 06/15/52		240,000		212,606
3.550%, 02/15/50		69,000		68,376
3.900%, 08/01/46		349,000		361,064
4.150%, 04/01/45		105,000		111,134
Canadian Pacific Railway Co.
2.050%, 03/05/30		455,000		416,799
3.100%, 12/02/51		110,000		97,255
5.750%, 03/15/33		120,000		141,183
CSX Corp.
2.500%, 05/15/51 (b)		195,000		157,578
3.800%, 11/01/46		219,000		218,193
4.750%, 11/15/48		95,000		108,799
6.150%, 05/01/37		60,000		74,953
FedEx Corp.
3.250%, 05/15/41		145,000		129,792
JB Hunt Transport Services, Inc.
3.875%, 03/01/26		80,000		81,446
Kansas City Southern
2.875%, 11/15/29		295,000		283,563
3.500%, 05/01/50		185,000		172,778
4.700%, 05/01/48		80,000		88,298
4.950%, 08/15/45		80,000		89,700
Norfolk Southern Corp.
3.050%, 05/15/50		230,000		204,873
3.950%, 10/01/42		230,000		232,540
Union Pacific Corp.
3.550%, 08/15/39		205,000		202,154
3.600%, 09/15/37		286,000		288,037
4.100%, 09/15/67		70,000		72,466
4.375%, 09/10/38		50,000		52,631
				3,866,218
Total Corporate Bonds & Notes (Cost $246,097,643)				233,314,542
U.S. Treasury & Government Agencies—5.2%
Agency Sponsored Mortgage - Backed—2.7%
Fannie Mae 30 Yr. Pool
2.500%, 09/01/51		527,227		504,584
2.500%, 01/01/52		439,505		419,900
Agency Sponsored Mortgage - Backed—(Continued)
Fannie Mae 30 Yr. Pool
3.000%, 01/01/52		652,504		640,919
4.000%, 06/01/46		517,353		539,267
4.000%, 07/01/47		663,742		684,159
4.000%, 11/01/47		330,524		339,575
4.000%, 12/01/47		349,964		359,425
4.000%, 01/01/48		408,701		423,008
4.000%, 09/01/48		133,518		136,627
4.000%, 06/01/49		530,877		548,294
4.500%, 04/01/39		116,781		122,650
4.500%, 12/01/40		132,218		139,930
4.500%, 05/01/48		87,009		90,215
4.500%, 06/01/48		127,498		133,097
4.500%, 07/01/48		27,069		28,066
4.500%, 11/01/48		1,575,750		1,641,024
4.500%, 01/01/49		169,592		178,057
4.500%, 06/01/49		202,254		210,833
5.000%, 07/01/44		376,636		407,969
5.000%, 06/01/48		42,863		45,121
5.000%, 07/01/48		192,060		205,126
5.000%, 08/01/48		273,802		290,986
5.000%, 10/01/48		159,223		168,227
5.000%, 01/01/49		339,218		364,180
Fannie Mae Pool
1.500%, 01/01/31		500,000		448,454
1.800%, 10/01/33		500,000		444,314
2.130%, 11/01/28		1,243,417		1,189,763
2.140%, 12/01/33		450,000		414,777
2.160%, 12/01/33		500,000		459,808
2.510%, 10/01/30 (c) (d)		1,000,000		1,005,469
2.580%, 03/01/32		498,686		484,617
2.600%, 10/01/31		350,000		339,499
2.730%, 09/01/29 (c) (d)		1,100,000		1,122,687
2.770%, 08/01/33		921,000		900,340
3.230%, 01/01/30		466,707		476,484
3.330%, 04/01/35		483,836		492,078
3.660%, 03/01/27		718,333		741,008
3.740%, 02/01/29		800,000		841,701
3.990%, 02/01/28		516,009		543,679
Fannie Mae REMICS (CMO)
3.500%, 06/25/46		161,193		156,932
3.500%, 05/25/49		552,532		551,595
4.000%, 04/25/42		186,844		190,635
4.000%, 05/25/43		173,596		173,881
5.000%, 04/25/37		35,123		37,718
5.000%, 07/25/39		250,000		274,909
5.000%, 05/25/40		65,000		72,780
6.000%, 01/25/34		116,090		126,073
Fannie Mae Whole Loan Trust (CMO)
5.620%, 11/25/33		265,874		281,654
Fannie Mae-ACES
0.670%, 10/25/30		175,883		163,831
0.750%, 09/25/28		428,596		392,513
1.000%, 11/25/33		1,551,143		1,449,443
1.200%, 10/25/30		80,000		73,514
1.764%, 11/25/31 (e)		1,000,000		900,391
1.905%, 10/25/30 (e) (f)		1,346,254		131,810
1.975%, 11/25/33 (e) (f)		9,281,902		1,115,078

BHFTI-217

Brighthouse Funds Trust I

JPMorgan Global Active Allocation Portfolio

Consolidated Schedule of Investments as of March 31, 2022 (Unaudited)

U.S. Treasury & Government Agencies—(Continued)

Security Description	Principal Amount*		Value
Agency Sponsored Mortgage - Backed—(Continued)
Fannie Mae-ACES
2.012%, 07/25/30 (e) (f)		2,152,833	$	248,466
Freddie Mac 30 Yr. Gold Pool
4.000%, 12/01/47		173,841		178,578
4.500%, 06/01/47		450,261		473,049
5.000%, 12/01/48		141,056		149,947
Freddie Mac 30 Yr. Pool
3.000%, 02/01/52		397,809		389,475
3.500%, 10/01/49		187,773		188,735
4.500%, 06/01/48		247,250		259,481
Freddie Mac Multifamily Structured Pass-Through Certificates
3.600%, 02/25/28		1,000,000		1,038,417
3.850%, 05/25/28 (e)		585,000		610,979
Freddie Mac REMICS (CMO)
2.500%, 01/15/42		24,869		23,121
3.000%, 07/25/49		336,666		330,671
3.500%, 03/15/35		600,000		618,427
4.000%, 07/15/38		250,000		252,576
5.000%, 02/15/40		117,000		132,575
5.000%, 02/15/41		426,517		456,792
5.500%, 03/15/37		182,764		199,410
Freddie Mac STACR Trust (CMO)
3.500%, 05/25/57		484,870		487,240
3.500%, 06/25/57		461,227		463,459
Ginnie Mae I 30 Yr. Pool
4.500%, 07/15/39		270,776		291,636
Ginnie Mae II 30 Yr. Pool
2.500%, 08/20/51		506,257		491,680
2.500%, 10/20/51		136,464		132,535
3.000%, 12/20/51		497,446		504,433
3.500%, 02/20/52		570,094		573,157
4.000%, 10/20/49		344,005		357,003
4.000%, 01/20/52		396,611		407,080
4.250%, 07/20/47		687,527		730,536
4.250%, 10/20/48		1,539,771		1,636,067
4.500%, 02/20/48		2,356,859		2,470,447
4.500%, 05/20/48		74,339		77,261
4.500%, 06/20/48		801,912		854,105
4.500%, 12/20/48		305,111		317,744
4.500%, 07/20/49		356,474		372,042
4.500%, 09/20/49		804,795		850,011
5.000%, 07/20/48		156,879		165,151
5.000%, 12/20/48		494,810		525,207
5.000%, 03/20/49		760,915		813,929
5.000%, 05/20/49		729,864		785,299
Ginnie Mae II ARM Pool
1.853%, 1Y H15 + 1.569%, 11/20/71 (e)		456,613		480,122
1.878%, 1Y H15 + 1.624%, 11/20/71 (e)		491,217		518,384
2.040%, 1Y H15 + 1.752%, 10/20/71 (e)		481,449		511,987
2.047%, 1Y H15 + 1.756%, 11/20/71 (e)		448,059		477,014
2.066%, 1Y H15 + 1.782%, 12/20/71 (e)		394,769		421,382
2.069%, 1Y H15 + 1.790%, 09/20/71 (e)		398,668		424,776
2.136%, 1Y H15 + 1.833%, 08/20/71 (e)		396,569		423,212
2.390%, 1Y H15 + 1.699%, 02/20/72 (e)		595,502		633,746
Agency Sponsored Mortgage - Backed—(Continued)
Government National Mortgage Association (CMO)
1.059%, 1M LIBOR + 0.610%, 03/20/70 (e)		520,400		520,739
2.500%, 05/20/43		23,600		23,478
3.500%, 04/20/49		440,304		436,941
5.500%, 02/20/37		94,059		98,542
5.500%, 04/16/37		100,213		107,577
5.500%, 11/16/39		200,000		226,915
6.000%, 04/17/34		54,963		58,655
Uniform Mortgage-Backed Securities 30 Yr. Pool
3.000%, TBA (g)		1,350,000		1,320,469
				50,159,334
U.S. Treasury—2.5%
U.S. Treasury Bonds
1.125%, 05/15/40		1,365,000		1,075,577
1.250%, 05/15/50		831,000		619,809
1.375%, 08/15/50		135,000		103,908
1.625%, 11/15/50 (b)		1,530,000		1,253,763
1.750%, 08/15/41		560,000		485,363
1.875%, 02/15/41		940,000		837,004
1.875%, 02/15/51 (b)		2,563,000		2,239,521
1.875%, 11/15/51		1,545,000		1,355,255
2.000%, 11/15/41		135,000		122,154
2.000%, 02/15/50		367,000		330,572
2.000%, 08/15/51		549,000		495,301
2.250%, 08/15/46		236,000		220,734
2.250%, 08/15/49		115,000		109,349
2.375%, 02/15/42 (b)		625,000		602,832
2.375%, 11/15/49 (b)		570,000		557,576
2.375%, 05/15/51		360,000		352,772
2.500%, 02/15/45		2,810,000		2,736,896
2.750%, 08/15/42		1,600,000		1,626,937
2.750%, 11/15/42		2,080,000		2,112,338
2.875%, 05/15/43		1,000,000		1,035,234
2.875%, 08/15/45		5,000		5,212
3.000%, 11/15/44		79,000		83,715
3.000%, 02/15/47		65,000		69,938
3.750%, 11/15/43		852,000		1,007,690
3.875%, 08/15/40		410,000		489,726
U.S. Treasury Coupon Strips
Zero Coupon, 11/15/22 (b)		2,525,000		2,506,229
Zero Coupon, 02/15/32 (b)		2,375,000		1,864,178
U.S. Treasury Notes
0.375%, 01/31/26		120,000		110,564
0.375%, 09/30/27 (b)		2,330,000		2,080,162
0.500%, 02/28/26		1,780,000		1,645,666
0.625%, 08/15/30		250,000		217,148
0.875%, 06/30/26		1,305,000		1,218,850
0.875%, 09/30/26		147,000		136,831
1.250%, 03/31/28		1,695,000		1,580,985
1.250%, 06/30/28		3,090,000		2,874,424
1.250%, 08/15/31		275,000		249,992
1.375%, 11/15/31		177,000		162,398
1.500%, 02/15/30 (b)		225,000		210,938
1.625%, 05/15/31		690,000		649,624
1.750%, 05/15/23		7,802,000		7,791,638

BHFTI-218

Brighthouse Funds Trust I

JPMorgan Global Active Allocation Portfolio

Consolidated Schedule of Investments as of March 31, 2022 (Unaudited)

U.S. Treasury & Government Agencies—(Continued)

Security Description	Shares/ Principal Amount*		Value
U.S. Treasury—(Continued)
U.S. Treasury Notes
1.875%, 02/28/29 (b)		1,300,000	$	1,254,906
2.125%, 05/31/26		2,250,000		2,214,844
2.250%, 11/15/25		210,000		207,859
2.500%, 02/28/26		30,000		29,958
				46,936,370
Total U.S. Treasury & Government Agencies (Cost $100,189,510)				97,095,704
Convertible Preferred Stocks—2.3%
Banks—0.2%
Bank of America Corp.
7.250%, (b)		2,791		3,663,187
Capital Markets—0.4%
KKR & Co., Inc.
6.000%, 09/15/23 (b)		88,321		6,563,134
Diversified Financial Services—0.1%
AMG Capital Trust II
5.150%, 10/15/37		39,936		2,161,955
Life Sciences Tools & Services—1.0%
Danaher Corp.
5.000%, 04/15/23 (b)		11,237		17,745,920
Machinery—0.6%
Stanley Black & Decker, Inc.
5.250%, 11/15/22 (b)		129,927		11,421,883
Total Convertible Preferred Stocks (Cost $45,225,487)				41,556,079
Mutual Funds—2.2%
Investment Company Securities—2.2%
iShares J.P. Morgan USD Emerging Markets Bond ETF (b) (Cost $46,799,790)		411,368		40,215,336
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		507,833
Carmax Auto Owner Trust
3.360%, 09/15/23		22,094		22,174
CarNow Auto Receivables Trust 2021-2
1.300%, 01/15/26 (144A)		430,000		421,921
Credit Acceptance Auto Loan Trust
2.390%, 04/16/29 (144A)		535,000		528,768
Drive Auto Receivables Trust
3.810%, 05/15/24		6,004		6,011
Asset-Backed - Automobile—(Continued)
Drive Auto Receivables Trust
3.990%, 01/15/25		7,856		7,865
4.090%, 01/15/26		134,895		136,094
4.090%, 06/15/26		110,670		111,609
DT Auto Owner Trust
0.870%, 05/17/27 (144A)		266,000		253,493
2.730%, 07/15/25 (144A)		398,470		399,105
Exeter Automobile Receivables Trust
3.110%, 08/15/25 (144A)		530,000		530,816
Flagship Credit Auto Trust
3.790%, 12/16/24 (144A)		105,257		105,873
4.080%, 02/18/25 (144A)		625,000		630,871
4.110%, 10/15/24 (144A)		342,935		344,703
GLS Auto Receivables Trust
3.970%, 01/18/28 (144A)		500,000		489,715
Sonoran Auto Receivables Trust
4.750%, 06/15/25		221,484		212,735
Tricolor Auto Securitization Trust
4.875%, 11/15/26 (144A)		120,893		121,126
				4,830,712
Asset-Backed - Other—0.7%
American Homes 4 Rent Trust
3.786%, 10/17/36 (144A)		178,068		178,343
4.691%, 10/17/52 (144A)		100,000		101,537
4.705%, 10/17/36 (144A)		100,000		100,516
AMSR Trust
1.355%, 11/17/37 (144A)		582,000		541,313
3.218%, 04/17/37 (144A)		700,000		669,902
Business Jet Securities LLC
2.162%, 04/15/36 (144A)		180,677		168,016
2.981%, 11/15/35 (144A)		189,337		182,346
BXG Receivables Note Trust
4.440%, 02/02/34 (144A)		342,351		341,079
Cars Net Lease Mortgage Notes
3.100%, 12/15/50 (144A)		129,188		121,968
CoreVest American Finance Trust
2.705%, 10/15/52 (144A)		420,853		410,926
3.163%, 10/15/52 (144A)		650,000		614,571
3.880%, 03/15/52 (144A)		320,000		325,129
Diamond Resorts Owner Trust
3.530%, 02/20/32 (144A)		307,519		304,485
4.190%, 01/21/31 (144A)		71,304		71,732
FirstKey Homes Trust
2.668%, 10/19/37 (144A)		650,000		597,802
FMC GMSR Issuer Trust
3.620%, 07/25/26 (144A) (e)		400,000		374,801
3.690%, 02/25/24		1,065,000		1,065,000
3.850%, 10/25/26 (144A) (e)		360,000		333,010
4.450%, 01/25/26 (144A) (e)		500,000		481,941
Foundation Finance Trust
3.860%, 11/15/34 (144A)		83,675		84,484
Legacy Mortgage Asset Trust
3.200%, 05/25/59 (144A) (h)		564,407		564,045

BHFTI-219

Brighthouse Funds Trust I

JPMorgan Global Active Allocation Portfolio

Consolidated Schedule of Investments as of March 31, 2022 (Unaudited)

Asset-Backed Securities—(Continued)

Security Description	Principal Amount*		Value
Asset-Backed - Other—(Continued)
Lendmark Funding Trust
3.900%, 12/20/27 (144A)		600,000	$	594,672
LP LMS Asset Securitization Trust
1.750%, 01/15/29 (144A)		413,865		407,372
NRZ Excess Spread-Collateralized Notes
3.474%, 11/25/26 (144A)		407,024		391,105
3.844%, 12/25/25 (144A)		325,682		316,995
Octane Receivables Trust
3.160%, 09/20/23 (144A)		20,238		20,261
Orange Lake Timeshare Trust
3.610%, 04/09/38 (144A)		385,224		375,177
PRET LLC
2.487%, 07/25/51 (144A) (h)		377,343		365,964
Pretium Mortgage Credit Partners LLC
2.240%, 09/27/60 (144A) (h)		408,259		392,869
Progress Residential Trust
4.550%, 04/17/27		500,000		479,847
SCF Equipment Leasing LLC
3.790%, 11/20/31 (144A)		220,000		213,834
Sierra Timeshare Receivables Funding LLC
2.750%, 08/20/36 (144A)		302,707		296,009
3.120%, 05/20/36 (144A)		165,392		162,407
3.940%, 10/20/38 (144A)		235,000		232,194
Theorem Funding Trust
1.210%, 12/15/27 (144A)		313,009		308,492
Tricon American Homes Trust
3.198%, 03/17/38 (144A)		525,000		498,870
VM DEBT LLC
7.500%, 06/15/24		500,000		500,000
VOLT CI LLC
1.992%, 05/25/51 (144A) (h)		230,999		224,376
VOLT XCVII LLC
2.240%, 04/25/51 (144A) (h)		295,294		285,556
				13,698,946
Total Asset-Backed Securities (Cost $18,896,910)				18,529,658
Mortgage-Backed Securities—0.6%
Collateralized Mortgage Obligations—0.3%
BVRT Financing Trust
3.084%, 11/10/22		248,243		247,815
LHOME Mortgage Trust
3.228%, 10/25/24 (144A)		409,382		408,835
3.868%, 07/25/24 (144A)		69,763		69,733
Seasoned Credit Risk Transfer Trust
3.500%, 03/25/58		722,123		725,475
3.500%, 07/25/58		448,771		450,614
Seasoned Loans Structured Transaction
3.500%, 11/25/28		1,069,603		1,086,225
Toorak Mortgage Corp.
3.721%, 09/25/22 (h)		197,036		195,586
Collateralized Mortgage Obligations—(Continued)
Towd Point Mortgage Trust
2.918%, 11/30/60 (144A) (e)		578,362		562,706
TVC Mortgage Trust
3.474%, 09/25/24 (144A)		644,419		643,984
VM Master Issuer LLC
5.163%, 05/24/25 (144A) (e)		400,000		399,998
				4,790,971
Commercial Mortgage-Backed Securities—0.3%
Commercial Mortgage Trust
2.896%, 02/10/37 (144A)		650,000		630,219
3.402%, 02/10/37 (144A)		420,000		402,018
CSMC Trust
3.953%, 09/15/37 (144A)		210,000		206,406
FREMF Mortgage Trust
3.531%, 12/25/51 (144A) (e)		500,000		483,961
GS Mortgage Securities Trust
3.805%, 10/10/35 (144A) (e)		440,000		432,605
MRCD Mortgage Trust
2.718%, 12/15/36 (144A)		1,420,000		1,356,145
One Lincon Street Commercial Mortgage
5.724%, 10/15/30 (144A) (e)		1,200,000		1,247,282
SBALR Commercial Mortgage Trust
2.825%, 02/13/53 (144A)		810,000		765,056
SLG Office Trust
2.585%, 07/15/41 (144A)		390,000		362,597
				5,886,289
Total Mortgage-Backed Securities (Cost $10,983,027)				10,677,260
Preferred Stock—0.2%
Automobiles—0.2%
Volkswagen AG (Cost $5,370,112)		24,401		4,219,331
Foreign Government—0.0%
Sovereign—0.0%
Mexico Government International Bond
4.280%, 08/14/41 (Cost $199,880)		200,000		186,434
Short-Term Investments—14.5%
Mutual Funds—0.0%
State Street U.S. Treasury Liquidity Fund 0.090% (i)		25,201		25,201

BHFTI-220

Brighthouse Funds Trust I

JPMorgan Global Active Allocation Portfolio

Consolidated Schedule of Investments as of March 31, 2022 (Unaudited)

Short-Term Investments—(Continued)

Security Description	Principal Amount*		Value
Repurchase Agreement—12.3%
Fixed Income Clearing Corp. Repurchase Agreement dated 03/31/22 at 0.000%, due on 04/01/22 with a maturity value of $227,371,177; collateralized by U.S. Treasury Notes with rates ranging from 0.125% - 2.500%, maturity dates ranging from 10/15/24 - 02/15/25, and an aggregate market value of $231,918,710.		227,371,177	$	227,371,177
U.S. Treasury—2.2%
U.S. Treasury Bills
0.042%, 04/21/22 (j) (k)		40,000,000		39,997,278
0.564%, 08/11/22 (j) (k)		336,000		334,977
				40,332,255
Total Short-Term Investments (Cost $267,730,739)				267,728,633
Securities Lending Reinvestments (l)—7.5%
Certificates of Deposit—2.0%
Bank of Montreal
0.300%, 06/02/22		3,000,000		2,997,798
Barclays Bank plc
0.180%, 04/07/22		3,000,000		2,999,889
Canadian Imperial Bank of Commerce (NY)
0.520%, SOFR + 0.250%, 02/03/23 (e)		1,000,000		998,515
Cooperatieve Rabobank UA
0.840%, SOFR + 0.570%, 09/19/22 (e)		1,000,000		1,000,000
Credit Agricole S.A.
0.590%, 05/24/22		3,000,000		2,999,640
Credit Industriel et Commercial
Zero Coupon, 04/14/22		3,000,000		2,999,490
Credit Industriel et Commercial (NY)
0.480%, SOFR + 0.210%, 11/08/22 (e)		2,000,000		1,996,310
Goldman Sachs Bank USA
0.470%, SOFR + 0.190%, 09/02/22 (e)		2,000,000		1,997,452
Nordea Bank Abp.
0.720%, SOFR + 0.450%, 08/30/22 (e)		2,000,000		1,999,996
Oversea-Chinese Banking Corp., Ltd.
Zero Coupon, 04/14/22		1,300,000		1,299,779
0.720%, SOFR + 0.440%, 09/26/22 (e)		1,000,000		1,000,199
Royal Bank of Canada
0.520%, SOFR + 0.250%, 01/11/23 (e)		2,000,000		1,995,324
Standard Chartered Bank (NY)
0.460%, SOFR + 0.190%, 08/25/22 (e)		2,000,000		1,998,367
Sumitomo Mitsui Banking Corp.
0.200%, 04/26/22		3,000,000		2,999,322
0.720%, SOFR + 0.450%, 09/06/22 (e)		2,000,000		1,999,860
Toronto-Dominion Bank (The)
0.530%, SOFR + 0.250%, 02/09/23 (e)		1,000,000		1,000,000
0.820%, FEDEFF PRV + 0.490%, 12/23/22 (e)		1,000,000		999,704
Westpac Banking Corp.
0.500%, SOFR + 0.230%, 02/17/23 (e)		4,000,000		3,987,492
				37,269,137
Commercial Paper—0.6%
Antalis S.A.
0.800%, 06/01/22		3,000,000	$	2,995,179
DNB Bank ASA
0.830%, SOFR + 0.550%, 09/07/22 (e)		2,000,000		2,000,798
Macquarie Bank Ltd.
0.510%, SOFR + 0.230%, 08/04/22 (e)		1,000,000		999,231
Skandinaviska Enskilda Banken AB
0.200%, 04/28/22		3,000,000		2,998,860
UBS AG
0.350%, 06/08/22		2,000,000		1,996,992
				10,991,060
Repurchase Agreements—3.8%
Barclays Bank plc Repurchase Agreement dated 03/31/22 at 0.600%, due on 05/05/22 with a maturity value of $1,000,583; collateralized by various Common Stock with an aggregate market value of $1,111,457		1,000,000		1,000,000
Barclays Capital, Inc. Repurchase Agreement dated 03/31/22 at 0.240%, due on 04/01/22 with a maturity value of $20,540,487; collateralized by U.S. Treasury Obligations at 0.000%, maturity dates ranging from 02/15/37 - 11/15/48, and an aggregate market value of $20,951,157		20,540,350		20,540,350
BofA Securities, Inc. Repurchase Agreement dated 03/31/22 at 0.600%, due on 04/18/22 with a maturity value of $800,240; collateralized by U.S. Treasury Obligations with rates ranging from 0.000% - 2.250%, maturity dates ranging from 07/21/22 - 08/15/49, and various Common Stock with an aggregate market value of $846,736		800,000		800,000
Repurchase Agreement dated 03/31/22 at 0.600%, due on 05/05/22 with a maturity value of $1,200,700; collateralized by U.S. Treasury Obligations with rates ranging from 0.000% - 7.500%, maturity dates ranging from 04/21/22 - 08/15/51, and various Common Stock with an aggregate market value of $1,262,268		1,200,000		1,200,000
Cantor Fitzgerald & Co. Repurchase Agreement dated 03/31/22 at 0.290%, due on 04/01/22 with a maturity value of $100,001; collateralized by U.S. Treasury and U.S. Government Agency Obligations with rates ranging from 0.125% - 8.000%, maturity dates ranging from 09/15/22 - 07/20/71, and an aggregate market value of $102,000		100,000		100,000
Citigroup Global Markets, Inc. Repurchase Agreement dated 03/31/22 at 0.620%, due on 05/05/22 with a maturity value of $2,001,206; collateralized by U.S. Treasury Obligations with rates ranging from 0.000% - 3.875%, maturity dates ranging from 04/21/22 - 05/15/51, and various Common Stock with an aggregate market value of $2,140,122		2,000,000		2,000,000

BHFTI-221

Brighthouse Funds Trust I

JPMorgan Global Active Allocation Portfolio

Consolidated Schedule of Investments as of March 31, 2022 (Unaudited)

Securities Lending Reinvestments (l)—(Continued)

Security Description	Principal Amount*		Value
Repurchase Agreements—(Continued)
Citigroup Global Markets, Ltd. Repurchase Agreement dated 03/31/22 at 0.300%, due on 04/01/22 with a maturity value of $2,800,023; collateralized by U.S. Treasury and Foreign Obligations with rates ranging from 0.125% - 2.875%, maturity dates ranging from 08/15/23 - 02/15/51, and an aggregate market value of $2,856,001		2,800,000	$	2,800,000
National Bank Financial, Inc. Repurchase Agreement dated 03/31/22 at 0.320%, due on 04/01/22 with a maturity value of $3,000,027; collateralized by U.S. Treasury Obligations with rates ranging from 0.125% - 3.000%, maturity dates ranging from 06/30/22 - 02/15/49, and an aggregate market value of $3,061,707		3,000,000		3,000,000
National Bank of Canada Repurchase Agreement dated 03/31/22 at 0.320%, due on 04/07/22 with a maturity value of $10,000,622; collateralized by U.S. Treasury Obligations with rates ranging from 0.000% - 4.500%, maturity dates ranging from 04/14/22 - 08/15/51, and an aggregate market value of $10,205,689		10,000,000		10,000,000
NBC Global Finance, Ltd. Repurchase Agreement dated 03/31/22 at 0.485%, due on 04/07/22 with a maturity value of $900,085; collateralized by U.S. Treasury Obligations with rates ranging from 0.125% - 4.750%, maturity dates ranging from 05/15/24 - 02/15/50, and various Common Stock with an aggregate market value of $999,339		900,000		900,000
Societe Generale Repurchase Agreement dated 03/31/22 at 0.360%, due on 04/01/22 with a maturity value of $8,000,080; collateralized by various Common Stock with an aggregate market value of $8,889,623		8,000,000		8,000,000
Repurchase Agreement dated 03/31/22 at 0.380%, due on 04/01/22 with a maturity value of $7,100,075; collateralized by various Common Stock with an aggregate market value of $7,889,541.		7,100,000		7,100,000
Repurchase Agreement dated 03/31/22 at 0.410%, due on 04/01/22 with a maturity value of $10,000,114; collateralized by various Common Stock with an aggregate market value of $11,112,897.		10,000,000		10,000,000
Repurchase Agreement dated 03/31/22 at 0.420%, due on 04/07/22 with a maturity value of $2,200,180; collateralized by various Common Stock with an aggregate market value of $2,444,837.		2,200,000		2,200,000
				69,640,350
Time Deposit—0.3%
First Abu Dhabi Bank USA NV 0.310%, 04/01/22		5,000,000		5,000,000
Mutual Funds—0.8%
AB Government Money Market Portfolio, Institutional Class, 0.190% (i)		5,000,000		5,000,000
Mutual Funds—(Continued)
Goldman Sachs Financial Square Government Fund, Institutional Shares 0.250% (i)		10,000,000		10,000,000
				15,000,000
Total Securities Lending Reinvestments (Cost $137,934,265)				137,900,547
Total Investments—106.1% (Cost $1,868,735,758)				1,959,711,848
Other assets and liabilities (net)—(6.1)%				(112,818,904	)
Net Assets—100.0%			$	1,846,892,944

*	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 March 31, 2022, the market value of restricted securities was $379,798, which is less than 0.05% 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 March 31, 2022, the market value of securities loaned was $155,153,186 and the collateral received consisted of cash in the amount of $137,924,205 and non-cash collateral with a value of $21,628,388. 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)	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 March 31, 2022, these securities represent 0.1% of net assets.
(e)	Variable or floating rate security. The stated rate represents the rate at March 31, 2022. 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)	Interest only security.
(g)	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.
(h)	Security is a “step-up” bond where coupon increases or steps up at a predetermined date. Rate shown is current coupon rate.
(i)	The rate shown represents the annualized seven-day yield as of March 31, 2022.
(j)	The rate shown represents current yield to maturity.
(k)	All or a portion of the security was pledged as collateral against open futures contracts. As of March 31, 2022, the market value of securities pledged was $25,619,456.
(l)	Represents investment of cash collateral received from securities on loan as of March 31, 2022.
(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 March 31, 2022, the market value of 144A securities was $81,117,773, which is 4.4% of net assets.

BHFTI-222

Brighthouse Funds Trust I

JPMorgan Global Active Allocation Portfolio

Consolidated Schedule of Investments as of March 31, 2022 (Unaudited)

Restricted Securities	Acquisition Date		Principal Amount		Cost		Value
Guardian Life Insurance Co. of America (The), 4.875%, 06/19/64		04/14/20	$	150,000	$	189,973	$	167,734
Massachusetts Mutual Life Insurance Co., 5.077%, 02/15/69		02/28/19		195,000		195,000		212,064
							$	379,798

Forward Foreign Currency Exchange Contracts

Contracts to Buy		Counterparty	Settlement Date		In Exchange for			Unrealized Appreciation/ (Depreciation)
CHF	1,710,216	TDB		04/29/22		USD	1,845,425	$	6,913
CHF	2,552,445	TDB		04/29/22		USD	2,785,525		(20,966	)
EUR	2,063,180	CBNA		04/29/22		USD	2,336,566		(52,501	)
EUR	2,173,464	CBNA		04/29/22		USD	2,453,735		(47,579	)
EUR	1,805,596	RBC		04/29/22		USD	2,065,746		(66,842	)
EUR	2,012,532	RBC		04/29/22		USD	2,195,332		32,663
EUR	2,544,138	RBC		04/29/22		USD	2,796,002		20,513
EUR	2,713,903	RBC		04/29/22		USD	2,965,105		39,351
EUR	1,818,044	SSBT		04/29/22		USD	2,065,745		(53,060	)
EUR	6,750,945	SSBT		04/29/22		USD	7,422,360		51,346
JPY	219,440,269	CBNA		05/02/22		USD	1,902,531		(99,075	)
JPY	357,131,052	CBNA		05/02/22		USD	3,129,839		(194,781	)
Contracts to Deliver
CHF	1,821,530	RBC		04/29/22		USD	1,958,908		(13,995	)
CHF	20,566,821	SSBT		04/29/22		USD	22,399,865		123,892
EUR	2,262,727	RBC		04/29/22		USD	2,503,832		(1,144	)
EUR	2,186,384	RBC		04/29/22		USD	2,413,505		(6,954	)
EUR	128,851,596	SSBT		04/29/22		USD	145,710,255		3,063,716
JPY	258,885,804	RBC		05/02/22		USD	2,125,168		(2,468	)
JPY	3,171,063,982	SSBT		05/02/22		USD	27,800,943		1,739,762
Net Unrealized Appreciation								$	4,518,791

Futures Contracts

Futures Contracts—Long	Expiration Date		Number of Contracts			Notional Value				Value/ Unrealized Appreciation/ (Depreciation)
S&P 500 Index E-Mini Futures		06/17/22		105			USD	23,786,438		$	1,103,449
U.S. Treasury Long Bond Futures		06/21/22		19			USD	2,851,188			(123,443	)
U.S. Treasury Note 10 Year Futures		06/21/22		304			USD	37,354,000			(233,797	)
U.S. Treasury Note 2 Year Futures		06/30/22		37			USD	7,841,109			(101,563	)
U.S. Treasury Ultra Long Bond Futures		06/21/22		35			USD	6,199,375			(156,099	)
Futures Contracts—Short
Euro-Bund Futures		06/08/22		(577	)		EUR	(91,546,820	)		1,381,148
MSCI EAFE Index Mini Futures		06/17/22		(256	)		USD	(27,448,320	)		(820,800	)
MSCI Emerging Markets Index Mini Futures		06/17/22		(744	)		USD	(41,868,600	)		(2,475,780	)
Russell 2000 Index E-Mini Futures		06/17/22		(120	)		USD	(12,398,400	)		(558,136	)
U.S. Treasury Note 10 Year Futures		06/21/22		(2,289	)		USD	(281,260,875	)		9,830,465
U.S. Treasury Note 5 Year Futures		06/30/22		(37	)		USD	(4,243,438	)		47,779
U.S. Treasury Note Ultra 10 Year Futures		06/21/22		(95	)		USD	(12,869,531	)		340,942
Net Unrealized Appreciation										$	8,234,165

BHFTI-223

Brighthouse Funds Trust I

JPMorgan Global Active Allocation Portfolio

Consolidated Schedule of Investments as of March 31, 2022 (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 SOFR		Annually	1.291%		Annually		12/09/31		USD	117,600,000	$	(8,788,601	)	$	(18,719	)	$	(8,769,882	)
Pay	12M SOFR		Annually	1.294%		Annually		12/27/31		USD	104,550,000		(7,827,240	)		(4,378	)		(7,822,862	)
Pay	12M SOFR		Annually	1.477%		Annually		11/26/31		USD	92,970,000		(5,418,803	)		(3,517	)		(5,415,286	)
Pay	12M SOFR		Annually	1.663%		Annually		03/10/32		USD	98,230,000		(4,227,416	)		26,767			(4,254,183	)
Pay	12M SOFR		Annually	1.807%		Annually		02/22/32		USD	125,400,000		(3,763,254	)		—			(3,763,254	)
Totals												$	(30,025,314	)	$	153		$	(30,025,467	)

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
(JPY)—	Japanese Yen
(USD)—	United States Dollar

Index Abbreviations

(FEDEFF PRV)—	Effective Federal Funds 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

(ARM)—	Adjustable-Rate Mortgage
(ACES)—	Alternative Credit Enhancement Securities
(ADR)—	American Depositary Receipt
(CMO)—	Collateralized Mortgage Obligation
(DAC)—	Designated Activity Company
(ETF)—	Exchange-Traded Fund
(GDR)—	Global Depositary Receipt
(REIT)—	Real Estate Investment Trust
(REMIC)—	Real Estate Mortgage Investment Conduit
(STACR)—	Structured Agency Credit Risk

BHFTI-224

Brighthouse Funds Trust I

JPMorgan Global Active Allocation Portfolio

Consolidated Schedule of Investments as of March 31, 2022 (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 March 31, 2022:

Description	Level 1		Level 2		Level 3		Total
Common Stocks
Aerospace & Defense	$	3,853,539	$	10,552,782	$	—	$	14,406,321
Air Freight & Logistics		1,139,133		2,731,150		—		3,870,283
Airlines		1,844,778		—		—		1,844,778
Auto Components		—		1,904,111		—		1,904,111
Automobiles		5,049,634		4,143,374		—		9,193,008
Banks		38,900,327		31,086,504		0		69,986,831
Beverages		8,972,004		14,637,365		—		23,609,369
Biotechnology		22,874,563		1,536,712		—		24,411,275
Building Products		6,603,016		3,863,519		—		10,466,535
Capital Markets		12,627,150		8,392,091		—		21,019,241
Chemicals		3,756,427		10,616,733		—		14,373,160
Commercial Services & Supplies		571,390		—		—		571,390
Communications Equipment		1,439,297		—		—		1,439,297
Construction & Engineering		907,977		8,047,123		—		8,955,100
Construction Materials		1,165,447		—		—		1,165,447
Consumer Finance		8,931,876		—		—		8,931,876
Containers & Packaging		2,151,104		—		—		2,151,104
Diversified Consumer Services		378,697		—		—		378,697
Diversified Financial Services		3,549,922		—		—		3,549,922
Diversified Telecommunication Services		2,174,272		—		—		2,174,272
Electric Utilities		9,514,455		5,257,083		—		14,771,538
Electrical Equipment		6,647,431		4,584,386		—		11,231,817
Electronic Equipment, Instruments & Components		1,673,766		5,524,779		—		7,198,545
Energy Equipment & Services		2,154,744		—		—		2,154,744
Entertainment		3,609,511		989,268		—		4,598,779
Equity Real Estate Investment Trusts		14,499,632		—		—		14,499,632
Food & Staples Retailing		2,545,432		2,027,401		—		4,572,833
Food Products		2,077,313		7,906,908		—		9,984,221
Health Care Equipment & Supplies		15,775,124		6,386,697		—		22,161,821
Health Care Providers & Services		16,184,925		—		—		16,184,925
Hotels, Restaurants & Leisure		22,036,419		423,372		—		22,459,791
Household Durables		2,025,059		5,526,794		—		7,551,853
Household Products		5,228,013		131,484		—		5,359,497
Industrial Conglomerates		913,553		1,022,151		—		1,935,704
Insurance		17,729,181		23,757,262		—		41,486,443
Interactive Media & Services		19,250,098		5,877,982		—		25,128,080
Internet & Direct Marketing Retail		24,482,722		5,389,711		—		29,872,433
IT Services		15,638,009		12,241,755		—		27,879,764
Life Sciences Tools & Services		755,472		3,738,518		—		4,493,990
Machinery		8,180,004		15,356,630		—		23,536,634
Media		7,841,132		—		—		7,841,132
Metals & Mining		489,889		9,007,240		—		9,497,129
Multi-Utilities		—		8,030,438		—		8,030,438
Multiline Retail		2,714,182		—		—		2,714,182

BHFTI-225

Brighthouse Funds Trust I

JPMorgan Global Active Allocation Portfolio

Consolidated Schedule of Investments as of March 31, 2022 (Unaudited)

Fair Value Hierarchy—(Continued)

Description	Level 1			Level 2			Level 3		Total
Oil, Gas & Consumable Fuels	$	18,595,513		$	12,561,150		$	—	$	31,156,663
Personal Products		817,910			3,620,482			—		4,438,392
Pharmaceuticals		12,924,963			22,494,247			—		35,419,210
Professional Services		1,516,794			6,498,053			—		8,014,847
Real Estate Management & Development		622,794			—			—		622,794
Road & Rail		11,204,822			—			—		11,204,822
Semiconductors & Semiconductor Equipment		46,602,142			7,824,097			—		54,426,239
Software		24,642,067			—			—		24,642,067
Specialty Retail		10,496,852			854,426			—		11,351,278
Technology Hardware, Storage & Peripherals		20,879,040			—			—		20,879,040
Textiles, Apparel & Luxury Goods		1,940,642			19,073,203			—		21,013,845
Thrifts & Mortgage Finance		—			3,389,235			—		3,389,235
Tobacco		876,460			942,833			—		1,819,293
Trading Companies & Distributors		—			1,957,099			—		1,957,099
Wireless Telecommunication Services		5,903,202			—			—		5,903,202
Total Common Stocks		485,879,820			299,906,148			0		785,785,968
Total Convertible Bonds*		—			322,502,356			—		322,502,356
Total Corporate Bonds & Notes*		—			233,314,542			—		233,314,542
U.S. Treasury & Government Agencies
Agency Sponsored Mortgage - Backed		—			48,031,178			2,128,156		50,159,334
U.S. Treasury		—			46,936,370			—		46,936,370
Total U.S. Treasury & Government Agencies		—			94,967,548			2,128,156		97,095,704
Total Convertible Preferred Stocks*		41,556,079			—			—		41,556,079
Total Mutual Funds*		40,215,336			—			—		40,215,336
Total Asset-Backed Securities*		—			18,529,658			—		18,529,658
Total Mortgage-Backed Securities*		—			10,677,260			—		10,677,260
Total Preferred Stock*		—			4,219,331			—		4,219,331
Total Foreign Government*		—			186,434			—		186,434
Short-Term Investments
Mutual Funds		25,201			—			—		25,201
Repurchase Agreement		—			227,371,177			—		227,371,177
U.S. Treasury		—			40,332,255			—		40,332,255
Total Short-Term Investments		25,201			267,703,432			—		267,728,633
Securities Lending Reinvestments
Certificates of Deposit		—			37,269,137			—		37,269,137
Commercial Paper		—			10,991,060			—		10,991,060
Repurchase Agreements		—			69,640,350			—		69,640,350
Time Deposit		—			5,000,000			—		5,000,000
Mutual Funds		15,000,000			—			—		15,000,000
Total Securities Lending Reinvestments		15,000,000			122,900,547			—		137,900,547
Total Investments	$	582,676,436		$	1,374,907,256		$	2,128,156	$	1,959,711,848
Collateral for Securities Loaned (Liability)	$	—		$	(137,924,205	)	$	—	$	(137,924,205	)
Forward Contracts
Forward Foreign Currency Exchange Contracts (Unrealized Appreciation)	$	—		$	5,078,156		$	—	$	5,078,156
Forward Foreign Currency Exchange Contracts (Unrealized Depreciation)		—			(559,365	)		—		(559,365	)
Total Forward Contracts	$	—		$	4,518,791		$	—	$	4,518,791
Futures Contracts
Futures Contracts (Unrealized Appreciation)	$	12,703,783		$	—		$	—	$	12,703,783
Futures Contracts (Unrealized Depreciation)		(4,469,618	)		—			—		(4,469,618	)
Total Futures Contracts	$	8,234,165		$	—		$	—	$	8,234,165
Centrally Cleared Swap Contracts
Centrally Cleared Swap Contracts (Unrealized Depreciation)	$	—		$	(30,025,467	)	$	—	$	(30,025,467	)

* 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 March 31, 2022 is not presented.

During the period ended March 31, 2022, a transfer into Level 3 in the amount of $1,004,110 was due to a trading halt on the security which resulted in the lack of observable inputs.

BHFTI-226

Brighthouse Funds Trust I

JPMorgan Small Cap Value Portfolio

Schedule of Investments as of March 31, 2022 (Unaudited)

Common Stocks—98.3% of Net Assets

Security Description	Shares		Value
Aerospace & Defense—0.3%
AAR Corp. (a)		12,500	$	605,375
Moog, Inc. - Class A		9,700		851,660
				1,457,035
Air Freight & Logistics—0.9%
Atlas Air Worldwide Holdings, Inc. (a) (b)		5,500		475,035
Hub Group, Inc. - Class A (a)		48,300		3,729,243
				4,204,278
Airlines—0.5%
Hawaiian Holdings, Inc. (a)		14,800		291,560
SkyWest, Inc. (a)		69,500		2,005,075
				2,296,635
Auto Components—0.5%
Adient plc (a)		36,300		1,479,951
American Axle & Manufacturing Holdings, Inc. (a)		14,200		110,192
Dana, Inc.		36,400		639,548
				2,229,691
Banks—15.7%
1st Source Corp.		17,391		804,334
American National Bankshares, Inc. (b)		3,900		146,952
Associated Banc-Corp.		106,300		2,419,388
Atlantic Union Bankshares Corp.		1,400		51,366
Banner Corp.		6,800		398,004
Brookline Bancorp, Inc.		94,400		1,493,408
Business First Bancshares, Inc.		25,600		622,848
Byline Bancorp, Inc.		53,800		1,435,384
Cadence Bank		46,060		1,347,716
Cathay General Bancorp		71,700		3,208,575
Central Pacific Financial Corp.		72,301		2,017,198
City Holding Co.		10,409		819,188
Columbia Banking System, Inc. (b)		36,400		1,174,628
Community Bank System, Inc.		14,600		1,024,190
Community Trust Bancorp, Inc.		28,716		1,183,099
ConnectOne Bancorp, Inc.		27,300		873,873
Customers Bancorp, Inc. (a) (b)		18,100		943,734
CVB Financial Corp.		40,500		940,005
Eastern Bankshares, Inc.		100,400		2,162,616
Enterprise Financial Services Corp.		34,100		1,613,271
Equity Bancshares, Inc. - Class A		11,600		374,796
Farmers National Banc Corp. (b)		17,800		303,668
Financial Institutions, Inc.		11,199		337,426
First Bancorp		4,900		204,673
First Bancshares, Inc. (The) (b)		7,000		235,620
First Citizens BancShares, Inc. - Class A (b)		1,550		1,031,680
First Commonwealth Financial Corp.		155,400		2,355,864
First Community Bankshares, Inc. (b)		6,310		178,005
First Financial Corp.		3,300		142,824
First Hawaiian, Inc. (b)		9,000		251,010
First Interstate BancSystem, Inc. - Class A		37,119		1,364,866
First Merchants Corp. (b)		35,600		1,480,960
Flushing Financial Corp.		22,624		505,646
Fulton Financial Corp.		60,400		1,003,848
Banks—(Continued)
Glacier Bancorp, Inc.		23,000		1,156,440
Great Southern Bancorp, Inc.		3,500		206,535
Hancock Whitney Corp.		42,300		2,205,945
Heritage Commerce Corp. (b)		20,000		225,000
Hilltop Holdings, Inc.		58,300		1,714,020
Home BancShares, Inc.		99,000		2,237,400
HomeStreet, Inc.		22,700		1,075,526
HomeTrust Bancshares, Inc.		19,800		584,694
Hope Bancorp, Inc. (b)		231,929		3,729,418
Independent Bank Corp. /MA		13,672		1,116,866
Independent Bank Corp. /MI		8,900		195,800
Independent Bank Group, Inc.		12,200		868,152
Investors Bancorp, Inc.		157,000		2,344,010
Mercantile Bank Corp.		3,000		106,260
Meta Financial Group, Inc.		11,200		615,104
Nicolet Bankshares, Inc. (a)		3,000		280,710
OceanFirst Financial Corp.		137,800		2,769,780
OFG Bancorp		16,745		446,087
Old National Bancorp		210,345		3,445,451
Old Second Bancorp, Inc.		9,496		137,787
Origin Bancorp, Inc.		5,500		232,595
Pacific Premier Bancorp, Inc.		16,300		576,205
Peapack Gladstone Financial Corp.		9,158		318,241
Peoples Bancorp, Inc.		7,900		247,349
Pinnacle Financial Partners, Inc.		7,900		727,432
Preferred Bank		2,800		207,452
Premier Financial Corp.		13,580		411,881
QCR Holdings, Inc.		8,000		452,720
RBB Bancorp (b)		6,087		142,984
Renasant Corp.		2,300		76,935
Republic Bancorp, Inc. - Class A		4,800		215,712
Sandy Spring Bancorp, Inc. (b)		25,300		1,136,476
Simmons First National Corp. - Class A		18,300		479,826
South Plains Financial, Inc.		2,897		77,002
South State Corp.		4,436		361,933
Tompkins Financial Corp.		2,313		181,039
TriState Capital Holdings, Inc. (a)		4,200		139,566
Trustmark Corp.		63,000		1,914,570
UMB Financial Corp.		31,400		3,050,824
United Community Banks, Inc.		35,400		1,231,920
Valley National Bancorp		40,620		528,872
Veritex Holdings, Inc.		14,000		534,380
Washington Trust Bancorp, Inc. (b)		2,100		110,250
Webster Financial Corp.		18,000		1,010,160
WesBanco, Inc.		7,800		268,008
Westamerica Bancorp		26,500		1,603,250
				76,149,230
Biotechnology—4.1%
2seventy bio, Inc. (a) (b)		21,666		369,622
89bio, Inc. (a)		21,700		81,809
Agios Pharmaceuticals, Inc. (a) (b)		32,900		957,719
Akebia Therapeutics, Inc. (a) (b)		397,400		285,293
Allovir, Inc. (a) (b)		48,100		324,675
Arcus Biosciences, Inc. (a) (b)		75,778		2,391,554
Biohaven Pharmaceutical Holding Co., Ltd. (a)		3,700		438,709

BHFTI-227

Brighthouse Funds Trust I

JPMorgan Small Cap Value Portfolio

Schedule of Investments as of March 31, 2022 (Unaudited)

Common Stocks—(Continued)

Security Description	Shares		Value
Biotechnology—(Continued)
Bluebird Bio, Inc. (a)		65,100	$	315,735
Eagle Pharmaceuticals, Inc. (a) (b)		27,600		1,365,924
Enanta Pharmaceuticals, Inc. (a)		4,600		327,428
Epizyme, Inc. (a) (b)		31,100		35,765
Fate Therapeutics, Inc. (a) (b)		22,900		887,833
Frequency Therapeutics, Inc. (a) (b)		104,000		220,480
Iovance Biotherapeutics, Inc. (a)		31,600		526,140
iTeos Therapeutics, Inc. (a)		24,200		778,756
IVERIC bio, Inc. (a)		85,000		1,430,550
Lexicon Pharmaceuticals, Inc. (a) (b)		207,200		433,048
Lyell Immunopharma, Inc. (a) (b)		80,600		407,030
NexImmune, Inc. (a) (b)		47,900		201,659
Nuvalent, Inc. - Class A (a) (b)		81,900		1,137,591
Prometheus Biosciences, Inc. (a) (b)		12,300		464,448
Prothena Corp. plc (a)		35,100		1,283,607
REGENXBIO, Inc. (a)		73,400		2,436,146
Travere Therapeutics, Inc. (a)		91,700		2,363,109
Turning Point Therapeutics, Inc. (a)		24,500		657,825
				20,122,455
Building Products—0.3%
Cornerstone Building Brands, Inc. (a)		17,100		415,872
Quanex Building Products Corp. (b)		21,800		457,582
UFP Industries, Inc.		8,300		640,428
				1,513,882
Capital Markets—1.0%
AssetMark Financial Holdings, Inc. (a)		19,800		440,550
Blucora, Inc. (a)		21,800		426,190
Cowen, Inc. - Class A		26,800		726,280
Donnelley Financial Solutions, Inc. (a)		15,600		518,856
Federated Hermes, Inc.		9,100		309,946
Houlihan Lokey, Inc.		2,300		201,940
Piper Sandler Cos.		6,100		800,625
Stifel Financial Corp. (b)		14,450		981,155
Virtus Investment Partners, Inc.		1,000		239,990
				4,645,532
Chemicals—1.5%
AdvanSix, Inc.		22,900		1,169,961
Avient Corp.		36,500		1,752,000
Ecovyst, Inc.		18,700		216,172
FutureFuel Corp.		35,700		347,361
HB Fuller Co.		17,500		1,156,225
Koppers Holdings, Inc.		7,200		198,144
Minerals Technologies, Inc.		11,500		760,725
Trinseo plc		2,800		134,176
Tronox Holding plc - Class A		76,700		1,517,893
				7,252,657
Commercial Services & Supplies—1.1%
ABM Industries, Inc.		52,900		2,435,516
ACCO Brands Corp.		99,750		798,000
Cimpress plc (a)		1,700		108,103
Ennis, Inc.		11,400		210,558
Commercial Services & Supplies—(Continued)
Heritage-Crystal Clean, Inc. (a) (b)		12,100		358,281
HNI Corp.		10,500		389,025
Steelcase, Inc. - Class A		93,300		1,114,935
				5,414,418
Communications Equipment—0.8%
ADTRAN, Inc. (b)		15,200		280,440
Harmonic, Inc. (a) (b)		133,900		1,243,931
NetScout Systems, Inc. (a)		77,100		2,473,368
				3,997,739
Construction & Engineering—3.3%
Arcosa, Inc.		16,900		967,525
Argan, Inc.		51,000		2,070,090
Comfort Systems USA, Inc.		14,100		1,255,041
EMCOR Group, Inc.		38,003		4,280,278
Fluor Corp. (a) (b)		23,900		685,691
Granite Construction, Inc. (b)		66,800		2,191,040
MasTec, Inc. (a) (b)		16,600		1,445,860
Matrix Service Co. (a)		94,600		777,612
MYR Group, Inc. (a)		15,550		1,462,322
Primoris Services Corp.		28,300		674,106
Tutor Perini Corp. (a)		31,300		338,040
				16,147,605
Consumer Finance—0.7%
FirstCash Holdings, Inc. (b)		8,900		626,026
Navient Corp.		41,600		708,864
Nelnet, Inc. - Class A		5,600		475,944
PROG Holdings, Inc. (a)		57,600		1,657,152
				3,467,986
Containers & Packaging—0.3%
Greif, Inc. - Class A		14,900		969,394
Myers Industries, Inc.		5,800		125,280
TriMas Corp. (b)		5,600		179,704
				1,274,378
Diversified Consumer Services—0.2%
Houghton Mifflin Harcourt Co. (a)		49,200		1,033,692
Stride, Inc. (a)		4,401		159,888
				1,193,580
Diversified Telecommunication Services—0.5%
EchoStar Corp. - Class A (a) (b)		54,500		1,326,530
Liberty Latin America, Ltd. - Class A (a)		31,100		301,670
Liberty Latin America, Ltd. - Class C (a)		60,223		577,539
				2,205,739
Electric Utilities—1.2%
ALLETE, Inc.		10,800		723,384
IDACORP, Inc.		10,700		1,234,352
Otter Tail Corp.		6,000		375,000
Portland General Electric Co.		57,000		3,143,550

BHFTI-228

Brighthouse Funds Trust I

JPMorgan Small Cap Value Portfolio

Schedule of Investments as of March 31, 2022 (Unaudited)

Common Stocks—(Continued)

Security Description	Shares		Value
Electric Utilities—(Continued)
Via Renewables, Inc. (b)		42,400	$	349,376
				5,825,662
Electrical Equipment—0.2%
AZZ, Inc.		10,700		516,168
Powell Industries, Inc. (b)		31,900		619,498
				1,135,666
Electronic Equipment, Instruments & Components—2.8%
Belden, Inc.		5,500		304,700
Benchmark Electronics, Inc.		119,100		2,982,264
Knowles Corp. (a)		119,500		2,572,835
OSI Systems, Inc. (a) (b)		28,500		2,425,920
Sanmina Corp. (a)		34,800		1,406,616
ScanSource, Inc. (a)		53,100		1,847,349
TTM Technologies, Inc. (a)		58,200		862,524
Vishay Intertechnology, Inc.		73,000		1,430,800
				13,833,008
Energy Equipment & Services—1.5%
Bristow Group, Inc. (a)		4,499		166,823
ChampionX Corp. (a)		33,200		812,736
Helmerich & Payne, Inc.		25,500		1,090,890
NexTier Oilfield Solutions, Inc. (a) (b)		78,446		724,841
Oceaneering International, Inc. (a)		75,200		1,140,032
Oil States International, Inc. (a) (b)		51,600		358,620
Patterson-UTI Energy, Inc.		104,000		1,609,920
ProPetro Holding Corp. (a)		47,900		667,247
Solaris Oilfield Infrastructure, Inc. - Class A (b)		24,300		274,347
U.S. Silica Holdings, Inc. (a)		23,900		445,974
				7,291,430
Entertainment—0.9%
AMC Entertainment Holdings, Inc. - Class A (a) (b)		151,000		3,720,640
Lions Gate Entertainment Corp. - Class A (a)		36,900		599,625
				4,320,265
Equity Real Estate Investment Trusts—10.2%
Agree Realty Corp.		37,000		2,455,320
Alexander & Baldwin, Inc. (a)		52,989		1,228,815
American Assets Trust, Inc.		20,600		780,534
Apple Hospitality REIT, Inc. (b)		151,800		2,727,846
Broadstone Net Lease, Inc.		39,800		866,844
CareTrust REIT, Inc.		35,100		677,430
Centerspace		12,100		1,187,252
Chatham Lodging Trust (a)		13,500		186,165
City Office REIT, Inc.		28,200		498,012
Corporate Office Properties Trust		69,700		1,989,238
DiamondRock Hospitality Co. (a)		90,900		918,090
DigitalBridge Group, Inc. (a)		103,700		746,640
Easterly Government Properties, Inc.		26,700		564,438
Essential Properties Realty Trust, Inc.		31,700		802,010
First Industrial Realty Trust, Inc.		14,100		872,931
Four Corners Property Trust, Inc.		32,300		873,392
Getty Realty Corp.		47,429		1,357,418
Equity Real Estate Investment Trusts—(Continued)
Gladstone Commercial Corp.		40,600		894,012
Global Medical REIT, Inc.		19,700		321,504
Healthcare Realty Trust, Inc. (b)		103,200		2,835,936
Highwoods Properties, Inc.		4,800		219,552
Independence Realty Trust, Inc. (b)		53,800		1,422,472
Kite Realty Group Trust		72,234		1,644,768
Lexington Realty Trust (b)		128,300		2,014,310
Necessity Retail REIT, Inc. (The) (b)		38,600		305,326
NexPoint Residential Trust, Inc.		1,788		161,474
Paramount Group, Inc.		82,300		897,893
Phillips Edison & Co., Inc. (b)		26,500		911,335
Physicians Realty Trust		60,600		1,062,924
Piedmont Office Realty Trust, Inc. - Class A		74,900		1,289,778
Plymouth Industrial REIT, Inc.		10,000		271,000
PotlatchDeltic Corp.		25,625		1,351,206
Retail Opportunity Investments Corp.		95,812		1,857,795
RLJ Lodging Trust		90,257		1,270,819
Ryman Hospitality Properties, Inc. (a)		9,700		899,869
Sabra Health Care REIT, Inc.		17,800		265,042
SITE Centers Corp.		56,800		949,128
STAG Industrial, Inc.		74,900		3,097,115
Summit Hotel Properties, Inc. (a)		36,300		361,548
Sunstone Hotel Investors, Inc. (a)		73,073		860,800
Terreno Realty Corp.		34,500		2,554,725
UMH Properties, Inc. (b)		33,700		828,683
Urban Edge Properties		16,000		305,600
Urstadt Biddle Properties, Inc. - Class A		12,600		237,006
Veris Residential, Inc. (a)		2,309		40,153
Xenia Hotels & Resorts, Inc. (a)		101,200		1,952,148
				49,816,296
Food & Staples Retailing—0.9%
Andersons, Inc. (The)		27,000		1,357,020
SpartanNash Co. (b)		8,100		267,219
Sprouts Farmers Market, Inc. (a)		68,300		2,184,234
United Natural Foods, Inc. (a)		11,300		467,255
				4,275,728
Food Products—0.8%
Darling Ingredients, Inc. (a)		40,900		3,287,542
Fresh Del Monte Produce, Inc.		11,600		300,556
Seneca Foods Corp. - Class A (a)		9,300		479,322
				4,067,420
Gas Utilities—1.9%
Brookfield Infrastructure Corp. - Class A		30,100		2,270,744
Chesapeake Utilities Corp.		1,200		165,312
New Jersey Resources Corp.		118,700		5,443,582
Northwest Natural Holding Co.		14,900		770,628
Spire, Inc.		8,139		584,055
				9,234,321
Health Care Equipment & Supplies—1.3%
AngioDynamics, Inc. (a)		28,500		613,890
Bioventus, Inc. - Class A (a)		46,900		661,290

BHFTI-229

Brighthouse Funds Trust I

JPMorgan Small Cap Value Portfolio

Schedule of Investments as of March 31, 2022 (Unaudited)

Common Stocks—(Continued)

Security Description	Shares		Value
Health Care Equipment & Supplies—(Continued)
Integer Holdings Corp. (a)		23,000	$	1,853,110
Natus Medical, Inc. (a) (b)		81,800		2,149,704
Utah Medical Products, Inc.		5,500		494,230
Varex Imaging Corp. (a) (b)		18,100		385,349
				6,157,573
Health Care Providers & Services—1.4%
National HealthCare Corp.		4,000		280,920
Option Care Health, Inc. (a)		159,800		4,563,888
Owens & Minor, Inc. (b)		10,400		457,808
Tivity Health, Inc. (a)		42,600		1,370,442
				6,673,058
Health Care Technology—2.5%
Allscripts Healthcare Solutions, Inc. (a) (b)		263,400		5,931,768
Computer Programs & Systems, Inc. (a) (b)		45,600		1,570,920
Evolent Health, Inc. - Class A (a)		58,500		1,889,550
NextGen Healthcare, Inc. (a)		125,200		2,617,932
				12,010,170
Hotels, Restaurants & Leisure—0.2%
Marriott Vacations Worldwide Corp.		7,100		1,119,670
Household Durables—2.0%
Hooker Furnishings Corp.		10,307		195,215
Lifetime Brands, Inc.		13,100		168,204
Meritage Homes Corp. (a)		22,700		1,798,521
Taylor Morrison Home Corp. (a)		94,700		2,577,734
TRI Pointe Group, Inc. (a)		247,100		4,961,768
				9,701,442
Household Products—0.3%
Central Garden and Pet Co. (Non-Voting Shares) - Class A (a)		34,900		1,423,222
Independent Power and Renewable Electricity Producers—0.6%
Clearway Energy, Inc. - Class A		41,500		1,382,780
Clearway Energy, Inc. - Class C		41,400		1,511,514
				2,894,294
Insurance—1.2%
American Equity Investment Life Holding Co.		22,251		888,037
CNO Financial Group, Inc.		32,000		802,880
Employers Holdings, Inc.		13,184		540,808
RLI Corp.		15,400		1,703,702
Selective Insurance Group, Inc.		12,900		1,152,744
Stewart Information Services Corp.		14,100		854,601
				5,942,772
Interactive Media & Services—0.7%
Cars.com, Inc. (a)		74,800		1,079,364
Liberty TripAdvisor Holdings, Inc. - Class A (a) (b)		251,500		515,575
QuinStreet, Inc. (a)		46,100		534,760
Yelp, Inc. (a)		30,600		1,043,766
				3,173,465
IT Services—0.7%
BM Technologies, Inc. (a) (b)		2,942		25,154
CSG Systems International, Inc.		34,700		2,205,879
IBEX Holdings, Ltd. (a) (b)		10,400		165,776
LiveRamp Holdings, Inc. (a)		30,200		1,129,178
				3,525,987
Life Sciences Tools & Services—0.2%
Pacific Biosciences of California, Inc. (a)		88,100		801,710
Machinery—2.2%
AGCO Corp.		15,400		2,248,862
Altra Industrial Motion Corp.		40,700		1,584,451
Barnes Group, Inc.		9,400		377,786
Douglas Dynamics, Inc.		6,742		233,206
EnPro Industries, Inc.		3,900		381,147
Hillenbrand, Inc.		32,600		1,439,942
Manitowoc Co., Inc. (The) (a)		23,500		354,380
Meritor, Inc. (a)		18,900		672,273
Mueller Industries, Inc.		15,800		855,886
Terex Corp.		19,900		709,634
Wabash National Corp. (b)		81,350		1,207,234
Watts Water Technologies, Inc. - Class A		3,700		516,483
				10,581,284
Marine—0.1%
Safe Bulkers, Inc.		66,200		315,112
Media—1.9%
AMC Networks, Inc. - Class A (a) (b)		58,800		2,389,044
Gray Television, Inc.		106,000		2,339,420
Hemisphere Media Group, Inc. (a)		13,600		62,152
John Wiley & Sons, Inc. - Class A		59,100		3,134,073
Sinclair Broadcast Group, Inc. - Class A		42,500		1,190,850
				9,115,539
Metals & Mining—2.3%
Alcoa Corp.		14,400		1,296,432
Allegheny Technologies, Inc. (a)		18,000		483,120
Arconic Corp. (a)		49,900		1,278,438
Cleveland-Cliffs, Inc. (a) (b)		22,500		724,725
Coeur Mining, Inc. (a) (b)		29,300		130,385
Commercial Metals Co.		69,700		2,900,914
Constellium SE (a)		65,700		1,182,600
Hecla Mining Co. (b)		58,100		381,717
Materion Corp.		6,700		574,458
Schnitzer Steel Industries, Inc. - Class A		17,900		929,726
SunCoke Energy, Inc. (b)		76,400		680,724
Warrior Met Coal, Inc.		11,400		423,054
Worthington Industries, Inc.		8,400		431,844
				11,418,137
Mortgage Real Estate Investment Trusts—2.7%
Ares Commercial Real Estate Corp. (b)		83,200		1,291,264
Blackstone Mortgage Trust, Inc. - Class A (b)		89,500		2,845,205
Ellington Financial, Inc. (b)		72,000		1,278,000

BHFTI-230

Brighthouse Funds Trust I

JPMorgan Small Cap Value Portfolio

Schedule of Investments as of March 31, 2022 (Unaudited)

Common Stocks—(Continued)

Security Description	Shares		Value
Mortgage Real Estate Investment Trusts—(Continued)
Hannon Armstrong Sustainable Infrastructure Capital, Inc. (b)		25,800	$	1,223,694
KKR Real Estate Finance Trust, Inc.		91,900		1,894,059
Ladder Capital Corp.		117,800		1,398,286
MFA Financial, Inc.		151,039		608,687
Ready Capital Corp. (b)		69,800		1,051,188
Redwood Trust, Inc.		101,300		1,066,689
TPG RE Finance Trust, Inc.		55,000		649,550
				13,306,622
Multi-Utilities—0.5%
Avista Corp. (b)		21,900		988,785
Black Hills Corp.		14,600		1,124,492
Unitil Corp.		10,100		503,788
				2,617,065
Multiline Retail—0.6%
Macy’s, Inc.		128,300		3,125,388
Oil, Gas & Consumable Fuels—7.5%
Antero Resources Corp. (a)		111,400		3,401,042
Arch Resources, Inc. (b)		11,000		1,511,180
Berry Corp.		9,900		102,168
CNX Resources Corp. (a)		188,900		3,914,008
CVR Energy, Inc.		26,100		666,594
Delek U.S. Holdings, Inc. (a)		67,329		1,428,721
DHT Holdings, Inc. (b)		47,300		274,340
Dorian LPG, Ltd. (b)		56,200		814,338
Falcon Minerals Corp.		81,500		549,310
Golar LNG, Ltd. (a)		16,200		401,436
Green Plains, Inc. (a) (b)		40,600		1,259,006
Magnolia Oil & Gas Corp. - Class A		81,800		1,934,570
Murphy Oil Corp.		12,700		512,953
Oasis Petroleum, Inc.		12,800		1,872,640
Ovintiv, Inc.		136,800		7,396,776
Par Pacific Holdings, Inc. (a)		16,100		209,622
PDC Energy, Inc.		70,700		5,138,476
Peabody Energy Corp. (a) (b)		16,800		412,104
Range Resources Corp. (a)		41,500		1,260,770
REX American Resources Corp. (a)		5,000		498,000
SM Energy Co.		17,700		689,415
Talos Energy, Inc. (a)		14,900		235,271
Whiting Petroleum Corp.		10,300		839,553
World Fuel Services Corp.		34,700		938,288
				36,260,581
Paper & Forest Products—0.3%
Clearwater Paper Corp. (a)		15,400		431,662
Louisiana-Pacific Corp.		6,400		397,568
Schweitzer-Mauduit International, Inc.		27,700		761,750
				1,590,980
Personal Products—0.9%
BellRing Brands, Inc. (a)		125,600		2,898,848
Edgewell Personal Care Co.		34,100		1,250,447
				4,149,295
Pharmaceuticals—0.9%
Cymabay Therapeutics, Inc. (a)		240,900		749,199
Endo International plc (a)		366,100		845,691
Intra-Cellular Therapies, Inc. (a)		17,500		1,070,825
Lannett Co., Inc. (a) (b)		188,555		148,563
NGM Biopharmaceuticals, Inc. (a)		63,600		969,900
Nuvation Bio, Inc. (a) (b)		107,700		566,502
				4,350,680
Professional Services—2.7%
Barrett Business Services, Inc.		22,860		1,770,964
Heidrick & Struggles International, Inc.		22,400		886,592
Huron Consulting Group, Inc. (a)		20,200		925,362
Insperity, Inc.		1,700		170,714
KBR, Inc.		19,500		1,067,235
Kelly Services, Inc. - Class A		45,000		976,050
Korn Ferry		29,800		1,935,212
ManTech International Corp. - Class A		27,800		2,396,082
TrueBlue, Inc. (a)		96,400		2,784,996
				12,913,207
Real Estate Management & Development—0.8%
Kennedy-Wilson Holdings, Inc.		118,300		2,885,337
Realogy Holdings Corp. (a)		65,200		1,022,336
				3,907,673
Road & Rail—1.2%
ArcBest Corp.		22,900		1,843,450
Avis Budget Group, Inc. (a) (b)		10,300		2,711,990
Covenant Logistics Group, Inc.		6,900		148,557
Heartland Express, Inc.		68,000		956,760
Werner Enterprises, Inc.		7,300		299,300
				5,960,057
Semiconductors & Semiconductor Equipment—0.2%
Cohu, Inc. (a)		28,700		849,520
Maxeon Solar Technologies, Ltd. (a)		1		14
Veeco Instruments, Inc. (a) (b)		6,800		184,892
				1,034,426
Software—1.6%
A10 Networks, Inc.		85,600		1,194,120
eGain Corp. (a)		73,200		847,656
Marathon Digital Holdings, Inc. (a) (b)		27,773		776,255
Ping Identity Holding Corp. (a)		120,800		3,313,544
SecureWorks Corp. - Class A (a)		13,551		179,551
Vonage Holdings Corp. (a)		81,100		1,645,519
				7,956,645
Specialty Retail—1.8%
Abercrombie & Fitch Co. - Class A (a)		8,700		278,313
Bed Bath & Beyond, Inc. (a)		33,800		761,514
Conn’s, Inc. (a) (b)		57,200		881,452
Genesco, Inc. (a) (b)		7,100		451,631
ODP Corp. (The) (a)		33,500		1,535,305
Signet Jewelers, Ltd. (b)		36,100		2,624,470

BHFTI-231

Brighthouse Funds Trust I

JPMorgan Small Cap Value Portfolio

Schedule of Investments as of March 31, 2022 (Unaudited)

Common Stocks—(Continued)

Security Description	Shares/ Principal Amount*		Value
Specialty Retail—(Continued)
Sleep Number Corp. (a) (b)		8,000	$	405,680
Sonic Automotive, Inc. - Class A		21,100		896,961
Zumiez, Inc. (a) (b)		22,200		848,262
				8,683,588
Textiles, Apparel & Luxury Goods—0.5%
G-III Apparel Group, Ltd. (a)		54,500		1,474,225
Kontoor Brands, Inc.		8,200		339,070
Wolverine World Wide, Inc. (b)		27,500		620,400
				2,433,695
Thrifts & Mortgage Finance—3.0%
Axos Financial, Inc. (a)		26,000		1,206,140
Essent Group, Ltd.		64,100		2,641,561
Kearny Financial Corp.		48,300		622,104
Luther Burbank Corp.		24,036		319,438
Merchants Bancorp		5,400		147,852
MGIC Investment Corp.		49,400		669,370
Mr Cooper Group, Inc. (a)		39,600		1,808,532
NMI Holdings, Inc. - Class A (a) (b)		36,100		744,382
Northfield Bancorp, Inc.		74,800		1,074,128
PennyMac Financial Services, Inc.		17,200		915,040
Radian Group, Inc.		123,100		2,734,051
Washington Federal, Inc.		55,800		1,831,356
				14,713,954
Trading Companies & Distributors—2.7%
Boise Cascade Co.		17,700		1,229,619
GMS, Inc. (a)		40,700		2,025,639
Herc Holdings, Inc.		10,521		1,757,954
MRC Global, Inc. (a)		90,800		1,081,428
NOW, Inc. (a)		312,600		3,447,978
Titan Machinery, Inc. (a) (b)		29,500		833,670
Veritiv Corp. (a)		12,300		1,643,157
WESCO International, Inc. (a)		7,600		989,064
				13,008,509
Water Utilities—0.7%
American States Water Co.		39,900		3,551,898
Total Common Stocks (Cost $413,311,710)				477,790,334
Short-Term Investment—2.0%
Repurchase Agreement—2.0%
Fixed Income Clearing Corp. Repurchase Agreement dated 03/31/22 at 0.000%, due on 04/01/22 with a maturity value of $9,640,312; collateralized by U.S. Treasury Note at 0.125%, maturing 10/15/25, with a market value of $9,833,226.		9,640,312		9,640,312
Total Short-Term Investments (Cost $9,640,312)				9,640,312
Securities Lending Reinvestments (c)—5.8%
Security Description	Principal Amount*		Value
Certificate of Deposit—0.1%
Oversea-Chinese Banking Corp., Ltd. Zero Coupon, 04/14/22		200,000		199,966
Repurchase Agreements—4.9%
Barclays Bank plc Repurchase Agreement dated 03/31/22 at 0.600%, due on 05/05/22 with a maturity value of $4,002,333; collateralized by various Common Stock with an aggregate market value of $4,445,827.		4,000,000		4,000,000
Barclays Capital, Inc. Repurchase Agreement dated 03/31/22 at 0.240%, due on 04/01/22 with a maturity value of $1,938,411; collateralized by U.S. Treasury Obligations at 0.000%, maturity dates ranging from 02/15/37 - 11/15/48, and an aggregate market value of $1,977,166.		1,938,399		1,938,399
Cantor Fitzgerald & Co. Repurchase Agreement dated 03/31/22 at 0.290%, due on 04/01/22 with a maturity value of $5,000,040; collateralized by U.S. Treasury and U.S. Government Agency Obligations with rates ranging from 0.125% - 8.000%, maturity dates ranging from 09/15/22 - 07/20/71, and an aggregate market value of $5,100,000.		5,000,000		5,000,000
Citigroup Global Markets, Ltd. Repurchase Agreement dated 03/31/22 at 0.300%, due on 04/01/22 with a maturity value of $800,007; collateralized by U.S. Treasury and Foreign Obligations with rates ranging from 0.125% - 2.875%, maturity dates ranging from 08/15/23 - 02/15/51, and an aggregate market value of $816,000.		800,000		800,000
National Bank Financial, Inc. Repurchase Agreement dated 03/31/22 at 0.320%, due on 04/01/22 with a maturity value of $800,007; collateralized by U.S. Treasury Obligations with rates ranging from 0.125% - 3.000%, maturity dates ranging from 06/30/22 - 02/15/49, and an aggregate market value of $816,455.		800,000		800,000
National Bank of Canada Repurchase Agreement dated 03/31/22 at 0.320%, due on 04/07/22 with a maturity value of $1,600,100; collateralized by U.S. Treasury Obligations with rates ranging from 0.000% - 4.500%, maturity dates ranging from 04/14/22 - 08/15/51, and an aggregate market value of $1,632,910.		1,600,000		1,600,000
Repurchase Agreement dated 03/31/22 at 0.450%, due on 04/07/22 with a maturity value of $2,000,175; collateralized by U.S. Treasury Obligations with rates ranging from 0.500% - 3.000%, maturity dates ranging from 11/30/23 - 08/15/48, and various Common Stock with an aggregate market value of $2,211,597.		2,000,000		2,000,000
NBC Global Finance, Ltd. Repurchase Agreement dated 03/31/22 at 0.440%, due on 04/01/22 with a maturity value of $1,600,020; collateralized by U.S. Treasury Obligations with rates ranging from 0.125% - 4.750%, maturity dates ranging from 05/15/24 - 02/15/50, and various Common Stock with an aggregate market value of $1,776,603.		1,600,000		1,600,000

BHFTI-232

Brighthouse Funds Trust I

JPMorgan Small Cap Value Portfolio

Schedule of Investments as of March 31, 2022 (Unaudited)

Securities Lending Reinvestments (c)—(Continued)

Security Description	Principal Amount*		Value
Repurchase Agreements—(Continued)
Repurchase Agreement dated 03/31/22 at 0.485%, due on 04/07/22 with a maturity value of $1,000,094; collateralized by U.S. Treasury Obligations with rates ranging from 0.125% - 4.750%, maturity dates ranging from 05/15/24 - 02/15/50, and various Common Stock with an aggregate market value of $1,110,377.		1,000,000	$	1,000,000
Societe Generale Repurchase Agreement dated 03/31/22 at 0.360%, due on 04/01/22 with a maturity value of $1,200,012; collateralized by various Common Stock with an aggregate market value of $1,333,444.		1,200,000		1,200,000
Repurchase Agreement dated 03/31/22 at 0.380%, due on 04/01/22 with a maturity value of $500,005; collateralized by various Common Stock with an aggregate market value of $555,601.		500,000		500,000
Repurchase Agreement dated 03/31/22 at 0.410%, due on 04/01/22 with a maturity value of $3,000,034; collateralized by various Common Stock with an aggregate market value of $3,333,869.		3,000,000		3,000,000
Repurchase Agreement dated 03/31/22 at 0.420%, due on 04/07/22 with a maturity value of $500,041; collateralized by various Common Stock with an aggregate market value of $555,645.		500,000		500,000
				23,938,399
Time Deposits—0.6%
DZ Bank AG (NY) 0.300%, 04/01/22		1,000,000		1,000,000
Skandi (NY) 0.300%, 04/01/22		1,000,000		1,000,000
Svenska (NY) 0.260%, 04/01/22		1,000,000		1,000,000
				3,000,000
Mutual Funds—0.2%
Morgan Stanley Liquidity Funds Government Portfolio, Institutional Shares 0.230% (d)		1,000,000		1,000,000
Total Securities Lending Reinvestments (Cost $28,138,388)				28,138,365
Total Investments—106.1% (Cost $451,090,410)				515,569,011
Other assets and liabilities (net)—(6.1)%				(29,573,804	)
Net Assets—100.0%			$	485,995,207

*	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 March 31, 2022, the market value of securities loaned was $27,253,500 and the collateral received consisted of cash in the amount of $28,138,242 and non-cash collateral with a value of $374,433. 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 March 31, 2022.
(d)	The rate shown represents the annualized seven-day yield as of March 31, 2022.

Futures Contracts

Futures Contracts—Long	Expiration Date		Number of Contracts		Notional Amount			Value/ Unrealized Appreciation/ (Depreciation)
Russell 2000 Index E-Mini Futures		06/17/22		72		USD	7,439,040	$	331,954

Glossary of Abbreviations

Currencies

(USD)— United States Dollar

Other Abbreviations

(REIT)— Real Estate Investment Trust

BHFTI-233

Brighthouse Funds Trust I

JPMorgan Small Cap Value Portfolio

Schedule of Investments as of March 31, 2022 (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 March 31, 2022:

Description	Level 1		Level 2			Level 3		Total
Total Common Stocks*	$	477,790,334	$	—		$	—	$	477,790,334
Total Short-Term Investment*		—		9,640,312			—		9,640,312
Securities Lending Reinvestments
Certificate of Deposit		—		199,966			—		199,966
Repurchase Agreements		—		23,938,399			—		23,938,399
Time Deposits		—		3,000,000			—		3,000,000
Mutual Funds		1,000,000		—			—		1,000,000
Total Securities Lending Reinvestments		1,000,000		27,138,365			—		28,138,365
Total Investments	$	478,790,334	$	36,778,677		$	—	$	515,569,011
Collateral for Securities Loaned (Liability)	$	—	$	(28,138,242	)	$	—	$	(28,138,242	)
Futures Contracts
Futures Contracts (Unrealized Appreciation)	$	331,954	$	—		$	—	$	331,954

* See Schedule of Investments for additional detailed categorizations.

BHFTI-234

Brighthouse Funds Trust I

Loomis Sayles Global Allocation Portfolio

Schedule of Investments as of March 31, 2022 (Unaudited)

Common Stocks—67.5% of Net Assets

Security Description	Shares		Value
Banks—1.1%
HDFC Bank, Ltd.		253,745	$	4,896,328
Capital Markets—4.2%
Goldman Sachs Group, Inc. (The)		23,267		7,680,437
S&P Global, Inc.		26,861		11,017,845
				18,698,282
Chemicals—4.6%
Linde plc		42,662		13,627,523
Sherwin-Williams Co. (The)		28,174		7,032,794
				20,660,317
Commercial Services & Supplies—0.6%
Copart, Inc. (a)		20,106		2,522,700
Electronic Equipment, Instruments & Components—0.6%
Halma plc		81,879		2,672,669
Food & Staples Retailing—2.1%
Costco Wholesale Corp.		16,765		9,654,125
Health Care Providers & Services—2.7%
UnitedHealth Group, Inc.		23,914		12,195,423
Hotels, Restaurants & Leisure—3.3%
Airbnb, Inc. - Class A (a)		86,645		14,882,145
Industrial Conglomerates—2.2%
Roper Technologies, Inc.		21,341		10,077,860
Insurance—0.8%
AIA Group, Ltd.		341,400		3,574,264
Interactive Media & Services—4.9%
Alphabet, Inc. - Class A (a)		4,828		13,428,358
Alphabet, Inc. - Class C (a)		585		1,633,899
Meta Platforms, Inc. - Class A (a)		30,688		6,823,784
				21,886,041
Internet & Direct Marketing Retail—3.4%
Amazon.com, Inc. (a)		4,734		15,432,603
IT Services—7.1%
Accenture plc - Class A		32,073		10,815,978
MasterCard, Inc. - Class A		40,267		14,390,620
Nomura Research Institute, Ltd.		161,100		5,268,815
VeriSign, Inc. (a)		6,797		1,512,061
				31,987,474
Life Sciences Tools & Services—7.1%
Azenta, Inc. (b)		9,064		751,224
Danaher Corp.		43,948		12,891,267
IQVIA Holdings, Inc. (a)		50,854		11,757,953
Life Sciences Tools & Services—(Continued)
Mettler-Toledo International, Inc. (a)		4,913		6,746,483
				32,146,927
Machinery—3.7%
Atlas Copco AB - A Shares		123,692		6,419,429
Cummins, Inc.		50,479		10,353,748
				16,773,177
Personal Products—1.4%
Estee Lauder Cos., Inc. (The) - Class A		23,261		6,334,435
Semiconductors & Semiconductor Equipment—8.9%
ASML Holding NV		21,608		14,412,522
NVIDIA Corp.		43,024		11,739,529
Taiwan Semiconductor Manufacturing Co., Ltd.		424,000		8,765,960
Texas Instruments, Inc.		27,435		5,033,774
				39,951,785
Software—5.1%
Adobe, Inc. (a)		12,053		5,491,588
Dassault Systemes SE		62,402		3,074,857
Descartes Systems Group, Inc. (The) (a)		2,285		167,297
Dropbox, Inc. - Class A (a)		79,945		1,858,721
Salesforce.com, Inc. (a)		57,098		12,123,047
				22,715,510
Specialty Retail—1.8%
Home Depot, Inc. (The)		27,159		8,129,503
Textiles, Apparel & Luxury Goods—1.9%
Canada Goose Holdings, Inc. (a)		66,132		1,737,741
LVMH Moet Hennessy Louis Vuitton SE		9,685		6,896,393
				8,634,134
Total Common Stocks (Cost $211,449,235)				303,825,702
Corporate Bonds & Notes—16.6%
Advertising—0.0%
Clear Channel Outdoor Holdings, Inc. 5.125%, 08/15/27 (144A)		130,000		128,595
Aerospace/Defense—0.2%
Boeing Co. (The)
3.100%, 05/01/26		20,000		19,650
3.250%, 02/01/35		5,000		4,465
3.550%, 03/01/38		20,000		17,579
3.625%, 03/01/48		5,000		4,243
3.750%, 02/01/50 (b)		10,000		8,904
3.850%, 11/01/48		85,000		74,526
3.950%, 08/01/59		85,000		73,636

BHFTI-235

Brighthouse Funds Trust I

Loomis Sayles Global Allocation Portfolio

Schedule of Investments as of March 31, 2022 (Unaudited)

Corporate Bonds & Notes—(Continued)

Security Description	Principal Amount*		Value
Aerospace/Defense—(Continued)
Embraer Netherlands Finance B.V. 5.050%, 06/15/25		370,000	$	373,704
TransDigm, Inc.
5.500%, 11/15/27		85,000		84,362
7.500%, 03/15/27		5,000		5,150
				666,219
Airlines—0.3%
Air Canada Pass-Through Trust
3.300%, 01/15/30 (144A)		188,784		180,082
4.125%, 12/15/27 (144A)		128,587		121,561
American Airlines Pass-Through Trust
3.700%, 10/15/25		77,535		72,844
3.750%, 10/15/25		161,616		148,548
4.950%, 02/15/25		95,328		91,382
American Airlines, Inc./AAdvantage Loyalty IP, Ltd.
5.500%, 04/20/26 (144A)		25,000		25,188
5.750%, 04/20/29 (144A)		30,000		29,888
Mileage Plus Holdings LLC / Mileage Plus Intellectual Property Assets, Ltd. 6.500%, 06/20/27 (144A)		285,000		297,113
U.S. Airways Pass-Through Trust 5.900%, 10/01/24		36,438		37,648
United Airlines Pass-Through Trust
3.650%, 10/07/25		65,741		61,621
5.875%, 10/15/27		227,518		235,501
				1,301,376
Auto Manufacturers—0.8%
Allison Transmission, Inc. 4.750%, 10/01/27 (144A)		105,000		103,294
BMW U.S. Capital LLC
3.150%, 04/18/24 (144A)		195,000		196,001
4.150%, 04/09/30 (144A)		200,000		209,951
Ford Motor Co.
3.250%, 02/12/32		55,000		49,122
6.625%, 10/01/28		215,000		235,242
General Motors Co. 5.200%, 04/01/45		265,000		268,227
6.250%, 10/02/43		55,000		62,359
General Motors Financial of Canada, Ltd. 3.250%, 11/07/23 (CAD)		110,000		87,947
Hyundai Capital America 0.875%, 06/14/24 (144A)		350,000		330,403
2.650%, 02/10/25 (144A)		110,000		106,576
2.750%, 09/27/26 (144A)		500,000		474,898
6.375%, 04/08/30 (144A) (b)		175,000		199,305
Hyundai Capital Services, Inc. 3.750%, 03/05/23 (144A)		260,000		262,925
Kia Corp. 1.750%, 10/16/26 (144A)		200,000		185,745
3.000%, 04/25/23 (144A)		380,000		381,144
Toyota Motor Corp. 2.362%, 03/25/31		305,000		285,036
				3,438,175
Auto Parts & Equipment—0.0%
Aptiv plc 1.600%, 09/15/28 (EUR)		100,000		106,781
Banks—2.9%
ANZ New Zealand International Ltd. 1.250%, 06/22/26 (144A)		375,000		346,379
Banco Bilbao Vizcaya Argentaria S.A. 0.750%, 09/11/22 (EUR)		400,000		444,447
Banco de Chile 2.990%, 12/09/31 (144A)		200,000		184,462
Banco Santander Chile 3.177%, 10/26/31 (144A)		250,000		238,863
Banco Santander S.A. 1.722%, 1Y H15 + 0.900%, 09/14/27 (c)		200,000		180,640
3.125%, 02/23/23		200,000		201,438
Bank of Montreal 0.949%, SOFR + 0.603%, 01/22/27 (c)		500,000		460,489
Bank of New Zealand 1.000%, 03/03/26 (144A) (b)		250,000		229,403
Bank of Nova Scotia (The) 1.050%, 03/02/26		295,000		270,614
1.300%, 09/15/26		260,000		239,089
Barclays plc 3.650%, 03/16/25		225,000		225,417
BNP Paribas S.A. 4.625%, 03/13/27 (144A)		355,000		363,051
Cooperative Rabobank UA 4.375%, 08/04/25		350,000		355,691
Credit Agricole S.A. 3.250%, 10/04/24 (144A)		665,000		664,977
4.375%, 03/17/25 (144A)		200,000		202,248
Credit Suisse Group AG 3.091%, SOFR + 1.730%, 05/14/32 (144A) (c)		520,000		468,987
Deutsche Bank AG 2.552%, SOFR + 1.318%, 01/07/28 (c)		170,000		156,832
3.729%, SOFR + 2.757%, 01/14/32 (c)		204,000		181,957
DNB Bank ASA 1.535%, 1Y H15 + 0.720%, 05/25/27 (144A) (c)		410,000		376,997
Industrial & Commercial Bank of China, Ltd. 2.957%, 11/08/22		250,000		250,468
ING Groep NV 1. 400%, 1Y H15 + 1.100%, 07/01/26 (144A) (c)		205,000		189,652
Kookmin Bank 1.375%, 05/06/26 (144A)		315,000		294,917
Kreditanstalt fuer Wiederaufbau 1.250%, 08/28/23 (NOK)		4,220,000		474,470
Lloyds Banking Group plc 3.870%, 1Y H15 + 3.500%, 07/09/25 (c)		200,000		202,106
Macquarie Group, Ltd. 1.629%, SOFR + 0.910%, 09/23/27 (144A) (c)		425,000		383,560
2.871%, SOFR + 1.532%, 01/14/33 (144A) (c)		505,000		448,221
Mitsubishi UFJ Financial Group, Inc. 1.640%, 1Y H15 + 0.670%, 10/13/27 (c)		300,000		275,786
2.341%, 1Y H15 + 0.830%, 01/19/28 (c)		245,000		231,399
Mizuho Financial Group, Inc. 2.564%, 09/13/31		205,000		179,171

BHFTI-236

Brighthouse Funds Trust I

Loomis Sayles Global Allocation Portfolio

Schedule of Investments as of March 31, 2022 (Unaudited)

Corporate Bonds & Notes—(Continued)

Security Description	Principal Amount*		Value
Banks—(Continued)
NatWest Markets plc 0.800%, 08/12/24 (144A) (b)		200,000	$	188,273
Nordea Bank Abp 0.750%, 08/28/25 (144A)		410,000		377,693
Royal Bank of Canada 0.875%, 01/20/26		305,000		280,371
1.200%, 04/27/26		235,000		217,485
2.250%, 11/01/24 (b)		350,000		345,090
Santander Holdings U.S.A., Inc. 3.450%, 06/02/25		100,000		99,277
Societe Generale S.A. 4.750%, 11/24/25 (144A)		260,000		262,205
Standard Chartered plc 3.125%, 11/19/24 (EUR)		250,000		288,944
3.971%, 1Y H15 + 1.650%, 03/30/26 (144A) (c)		200,000		199,472
Sumitomo Mitsui Financial Group, Inc. 1.402%, 09/17/26		310,000		282,804
TC Ziraat Bankasi AS 5.375%, 03/02/26 (144A)		250,000		230,535
Toronto-Dominion Bank (The) 1.950%, 01/12/27		730,000		691,391
3.500%, 07/19/23 (b)		335,000		340,494
UniCredit S.p.A. 7.296%, 5Y USD ICE Swap + 4.914%, 04/02/34 (144A) (c)		325,000		344,235
Westpac Banking Corp. 1.953%, 11/20/28		400,000		368,425
				13,238,425
Beverages—0.1%
Anheuser-Busch InBev S.A. 2.000%, 01/23/35 (EUR)		345,000		380,492
Diageo Capital plc 2.125%, 04/29/32		200,000		180,402
				560,894
Building Materials—0.2%
Cemex S.A.B. de C.V. 3.875%, 07/11/31 (144A)		400,000		365,004
JELD-WEN, Inc. 4.625%, 12/15/25 (144A)		305,000		293,562
Masco Corp. 6.500%, 08/15/32		8,000		9,428
7.750%, 08/01/29		94,000		113,930
				781,924
Chemicals—0.3%
Ashland LLC 3.375%, 09/01/31 (144A)		135,000		119,137
Braskem Netherlands Finance B.V. 4.500%, 01/10/28		200,000		197,340
4.500%, 01/31/30		200,000		193,558
LG Chem, Ltd. 3.250%, 10/15/24 (144A)		200,000		200,463
Chemicals—(Continued)
Minerals Technologies, Inc. 5.000%, 07/01/28 (144A)		125,000		119,063
Orbia Advance Corp. S.A.B. de C.V. 1.875%, 05/11/26 (144A)		210,000		196,728
4.000%, 10/04/27		200,000		200,002
				1,226,291
Commercial Services—0.3%
Adani Ports & Special Economic Zone, Ltd. 3.100%, 02/02/31 (144A)		200,000		172,185
4.200%, 08/04/27		280,000		272,766
Block, Inc. 3.500%, 06/01/31 (144A)		55,000		50,325
Edenred 1.875%, 03/06/26 (EUR)		200,000		225,861
Holding d’Infrastructures de Transport SAS 0.625%, 03/27/23 (EUR)		100,000		111,023
1.625%, 11/27/27 (EUR)		100,000		108,543
TriNet Group, Inc. 3.500%, 03/01/29 (144A)		85,000		78,094
United Rentals North America, Inc. 3.750%, 01/15/32		75,000		69,937
3.875%, 02/15/31 (b)		65,000		61,263
				1,149,997
Computers—0.0%
Western Digital Corp. 2.850%, 02/01/29		10,000		9,136
3.100%, 02/01/32		10,000		8,954
				18,090
Cosmetics/Personal Care—0.0%
Avon Products, Inc. 8.450%, 03/15/43		40,000		46,300
Diversified Financial Services—1.2%
AerCap Ireland Capital DAC / AerCap Global Aviation Trust 3.300%, 01/30/32		260,000		234,379
Aircastle, Ltd. 5.250%, 5Y H15 + 4.410%, 06/15/26 (144A) (c)		35,000		32,025
Ally Financial, Inc. 4.700%, 5Y H15 + 3.868%, 05/15/26 (c)		125,000		117,664
4.700%, 7Y H15 + 3.481%, 05/15/28 (c)		105,000		95,550
Antares Holdings L.P. 6.000%, 08/15/23 (144A)		255,000		260,313
BOC Aviation, Ltd. 2.750%, 09/18/22 (144A)		210,000		210,025
Brookfield Finance I UK plc 2.340%, 01/30/32		175,000		155,561
Brookfield Finance, Inc. 3.900%, 01/25/28		185,000		185,783
Nationstar Mortgage Holdings, Inc. 5.500%, 08/15/28 (144A)		130,000		124,969
Navient Corp. 5.625%, 08/01/33		260,000		218,920

BHFTI-237

Brighthouse Funds Trust I

Loomis Sayles Global Allocation Portfolio

Schedule of Investments as of March 31, 2022 (Unaudited)

Corporate Bonds & Notes—(Continued)

Security Description	Principal Amount*		Value
Diversified Financial Services—(Continued)
Nomura Holdings, Inc. 2.710%, 01/22/29		245,000	$	225,881
OneMain Finance Corp. 3.500%, 01/15/27		10,000		9,250
4.000%, 09/15/30		40,000		35,300
5.625%, 03/15/23		135,000		137,474
8.250%, 10/01/23		65,000		68,488
Power Finance Corp., Ltd. 3.950%, 04/23/30 (144A)		200,000		190,792
Rocket Mortgage LLC / Rocket Mortgage Co-Issuer, Inc. 2.875%, 10/15/26 (144A)		430,000		394,802
3.625%, 03/01/29		720,000		657,972
3.875%, 03/01/31 (144A)		1,185,000		1,072,425
4.000%, 10/15/33 (144A)		360,000		315,324
Shriram Transport Finance Co. Ltd. 4.400%, 03/13/24		245,000		239,610
Unifin Financiera S.A.B. de C.V. 7.250%, 09/27/23		245,000		178,240
9.875%, 01/28/29 (b)		250,000		147,025
				5,307,772
Electric—0.6%
AES Corp. (The) 3.950%, 07/15/30 (144A)		20,000		19,813
Colbun S.A. 3.150%, 03/06/30		295,000		273,320
Edison International 4.950%, 04/15/25		20,000		20,462
EDP Finance B.V. 1.710%, 01/24/28 (144A)		205,000		180,787
Empresas Publicas de Medellin E.S.P. 4.250%, 07/18/29 (144A)		200,000		178,040
Enel Chile S.A. 4.875%, 06/12/28		110,000		113,950
Engie Energia Chile S.A. 3.400%, 01/28/30		305,000		280,603
Engie S.A. 1.250%, 10/24/41 (EUR)		200,000		181,359
Korea East-West Power Co., Ltd. 1.750%, 05/06/25 (144A)		200,000		191,588
Naturgy Finance B.V. 1.500%, 01/29/28 (EUR)		200,000		221,273
NRG Energy, Inc. 3.625%, 02/15/31 (144A)		180,000		158,326
3.875%, 02/15/32 (144A)		45,000		39,600
Orsted AS 2.125%, 05/17/27 (GBP)		215,000		278,797
Pacific Gas and Electric Co. 3.500%, 08/01/50 (b)		130,000		104,657
3.950%, 12/01/47		175,000		144,796
Transelec S.A. 4.250%, 01/14/25 (144A)		460,000		469,200
				2,856,571
Energy-Alternate Sources—0.0%
Aydem Yenilenebilir Enerji AS 7.750%, 02/02/27 (144A)		210,000		166,963
Engineering & Construction—0.2%
Cellnex Telecom S.A. 1.750%, 10/23/30 (EUR)		400,000		386,445
Fraport AG Frankfurt Airport Services Worldwide 1.875%, 03/31/28 (EUR)		355,000		378,286
Sydney Airport Finance Co. Pty, Ltd. 3.375%, 04/30/25 (144A)		40,000		39,764
TopBuild Corp. 4.125%, 02/15/32 (144A)		40,000		36,250
				840,745
Entertainment—0.1%
Everi Holdings, Inc. 5.000%, 07/15/29 (144A)		10,000		9,475
Penn National Gaming, Inc. 4.125%, 07/01/29 (144A)		35,000		31,332
Scientific Games International, Inc. 7.000%, 05/15/28 (144A)		110,000		114,014
7.250%, 11/15/29 (144A)		60,000		62,850
				217,671
Food—0.4%
BRF S.A. 4.875%, 01/24/30		365,000		348,027
Fonterra Co-operative Group, Ltd. 5.500%, 02/26/24 (AUD)		500,000		394,064
JBS USA LUX S.A. / JBS USA Food Co. / JBS USA Finance, Inc. 3.750%, 12/01/31 (144A)		85,000		78,900
Kraft Heinz Foods Co. 4.375%, 06/01/46		295,000		291,354
5.500%, 06/01/50		165,000		187,362
Pilgrim’s Pride Corp. 3.500%, 03/01/32 (144A)		120,000		104,758
4.250%, 04/15/31 (144A)		10,000		9,250
Post Holdings, Inc. 4.500%, 09/15/31 (144A)		105,000		93,029
Sigma Alimentos S.A. de C.V. 4.125%, 05/02/26		200,000		201,500
				1,708,244
Forest Products & Paper—0.2%
Celulosa Arauco y Constitucion S.A. 4.500%, 08/01/24		200,000		205,502
Inversiones CMPC S.A. 4.375%, 05/15/23 (144A)		400,000		406,504
Suzano Austria GmbH 2.500%, 09/15/28		255,000		230,099
3.125%, 01/15/32		125,000		110,673
3.750%, 01/15/31		60,000		56,490
				1,009,268

BHFTI-238

Brighthouse Funds Trust I

Loomis Sayles Global Allocation Portfolio

Schedule of Investments as of March 31, 2022 (Unaudited)

Corporate Bonds & Notes—(Continued)

Security Description	Principal Amount*		Value
Healthcare-Products—0.1%
Avantor Funding, Inc. 3.875%, 11/01/29 (144A)		100,000	$	94,000
DH Europe Finance II S.a.r.l. 0.750%, 09/18/31 (EUR)		140,000		141,918
Medtronic Global Holdings Co. 1.125%, 03/07/27 (EUR)		105,000		115,572
				351,490
Healthcare-Services—0.1%
Catalent Pharma Solutions, Inc. 3.125%, 02/15/29 (144A)		30,000		27,267
Centene Corp. 2.500%, 03/01/31		275,000		242,696
2.625%, 08/01/31		5,000		4,450
3.000%, 10/15/30		115,000		105,624
Charles River Laboratories International, Inc. 3.750%, 03/15/29 (144A)		20,000		18,863
4.000%, 03/15/31 (144A) (b)		20,000		18,775
Molina Healthcare, Inc. 3.875%, 05/15/32 (144A)		45,000		42,793
				460,468
Holding Companies-Diversified—0.1%
CK Hutchison International 19, Ltd. 3.625%, 04/11/29 (144A)		225,000		227,479
Home Builders—0.0%
Beazer Homes USA, Inc. 7.250%, 10/15/29		120,000		120,642
Insurance—0.2%
AIA Group, Ltd. 3.200%, 03/11/25 (144A)		200,000		201,145
3.600%, 04/09/29		200,000		201,453
3.900%, 04/06/28 (144A)		260,000		264,711
Athene Global Funding 1.608%, 06/29/26 (144A)		100,000		91,113
1.716%, 01/07/25 (144A)		230,000		219,185
				977,607
Internet—0.9%
Alibaba Group Holding, Ltd. 3.400%, 12/06/27 (b)		240,000		235,481
Baidu, Inc. 3.875%, 09/29/23		200,000		201,849
Expedia Group, Inc. 2.950%, 03/15/31		400,000		370,338
Go Daddy Operating Co. LLC / GD Finance Co., Inc. 3.500%, 03/01/29 (144A)		95,000		87,350
Netflix, Inc. 4.875%, 04/15/28		90,000		94,388
4.875%, 06/15/30 (144A)		265,000		282,676
5.375%, 11/15/29 (144A)		30,000		32,475
5.875%, 11/15/28		25,000		27,558
6.375%, 05/15/29		45,000		50,885
Internet—(Continued)
Tencent Holdings, Ltd. 2.985%, 01/19/23 (144A)		200,000		199,886
3.280%, 04/11/24 (144A)		200,000		198,849
Uber Technologies, Inc. 4.500%, 08/15/29 (144A)		1,285,000		1,204,687
6.250%, 01/15/28 (144A)		780,000		806,473
7.500%, 09/15/27 (144A)		120,000		127,951
Weibo Corp. 3.500%, 07/05/24 (b)		200,000		195,252
				4,116,098
Investment Companies—0.5%
Ares Capital Corp. 3.200%, 11/15/31		270,000		228,813
Barings BDC, Inc. 3.300%, 11/23/26 (144A)		60,000		55,400
Icahn Enterprises L.P. / Icahn Enterprises Finance Corp. 4.375%, 02/01/29		1,185,000		1,087,238
Owl Rock Capital Corp. 2.875%, 06/11/28		270,000		235,488
4.250%, 01/15/26		480,000		467,775
Owl Rock Technology Finance Corp. 2.500%, 01/15/27		160,000		144,501
4.750%, 12/15/25 (144A)		230,000		227,013
				2,446,228
Iron/Steel—0.0%
ArcelorMittal 6.750%, 03/01/41		95,000		112,352
Leisure Time—0.4%
Carnival Corp. 5.750%, 03/01/27 (144A)		575,000		548,357
6.000%, 05/01/29 (144A)		195,000		183,756
NCL Corp., Ltd. 5.875%, 02/15/27 (144A)		60,000		59,100
5.875%, 03/15/26 (144A)		425,000		403,818
NCL Finance, Ltd. 6.125%, 03/15/28 (144A)		85,000		78,824
Royal Caribbean Cruises, Ltd. 4.250%, 07/01/26 (144A)		145,000		134,878
5.500%, 04/01/28 (144A)		450,000		428,990
				1,837,723
Lodging—0.3%
Hilton Grand Vacations Borrower Escrow LLC / Hilton Grand Vacations Borrower ESC 4.875%, 07/01/31 (144A)		65,000		60,388
5.000%, 06/01/29 (144A)		50,000		47,715
Marriott Ownership Resorts, Inc. 4.500%, 06/15/29 (144A)		90,000		84,825
Travel + Leisure Co. 4.500%, 12/01/29 (144A)		1,070,000		992,232
4.625%, 03/01/30 (144A)		65,000		60,450

BHFTI-239

Brighthouse Funds Trust I

Loomis Sayles Global Allocation Portfolio

Schedule of Investments as of March 31, 2022 (Unaudited)

Corporate Bonds & Notes—(Continued)

Security Description	Principal Amount*		Value
Lodging—(Continued)
Travel + Leisure Co. 6.000%, 04/01/27		10,000	$	10,300
6.625%, 07/31/26 (144A)		10,000		10,425
				1,266,335
Machinery-Diversified—0.0%
John Deere Capital Corp. 0.450%, 06/07/24		125,000		119,051
Media—1.3%
AMC Networks, Inc. 4.250%, 02/15/29		45,000		41,994
Cable Onda S.A. 4.500%, 01/30/30 (144A)		200,000		195,100
CCO Holdings LLC / CCO Holdings Capital Corp. 4.250%, 02/01/31 (144A)		1,325,000		1,202,437
4.250%, 01/15/34 (144A)		225,000		195,411
4.750%, 02/01/32 (144A)		135,000		125,717
Charter Communications Operating LLC / Charter Communications Operating Capital Corp. 3.950%, 06/30/62		115,000		92,996
4.400%, 12/01/61		680,000		591,923
CSC Holdings LLC 4.625%, 12/01/30 (144A) (b)		1,825,000		1,526,229
5.375%, 02/01/28 (144A)		200,000		194,112
Directv Financing LLC / Directv Financing Co-Obligor, Inc. 5.875%, 08/15/27 (144A)		40,000		39,350
DISH DBS Corp. 5.125%, 06/01/29		75,000		63,869
5.250%, 12/01/26 (144A)		225,000		214,313
5.875%, 11/15/24		475,000		473,813
Grupo Televisa S.A.B. 7.250%, 05/14/43 (MXN)		6,000,000		197,557
iHeartCommunications, Inc. 4.750%, 01/15/28 (144A) (b)		120,000		114,600
5.250%, 08/15/27 (144A)		70,000		69,213
Time Warner Cable LLC 4.500%, 09/15/42		45,000		41,621
5.500%, 09/01/41		30,000		31,142
Videotron, Ltd. 5.125%, 04/15/27 (144A)		230,000		232,755
				5,644,152
Mining—0.7%
Anglo American Capital plc 2.625%, 09/10/30 (144A) (b)		200,000		181,342
5.625%, 04/01/30 (144A)		200,000		220,438
AngloGold Ashanti Holdings plc 3.375%, 11/01/28		300,000		281,376
Corp. Nacional del Cobre de Chile 3.000%, 09/30/29 (144A)		285,000		271,470
FMG Resources Pty, Ltd. 4.375%, 04/01/31 (144A)		85,000		80,402
Freeport-McMoRan, Inc. 4.375%, 08/01/28		325,000		326,505
Mining—(Continued)
Freeport-McMoRan, Inc. 5.400%, 11/14/34		745,000		826,987
5.450%, 03/15/43		310,000		347,150
Glencore Funding LLC 1.625%, 09/01/25 (144A)		410,000		383,360
Novelis Corp. 4.750%, 01/30/30 (144A) (b)		50,000		48,543
				2,967,573
Multi-National—0.3%
International Bank for Reconstruction & Development 1.200%, 07/22/26 (CAD)		1,315,000		985,869
Nordic Investment Bank 1.500%, 03/13/25 (NOK)		4,930,000		542,401
				1,528,270
Oil & Gas—0.9%
Continental Resources, Inc. 2.875%, 04/01/32 (144A)		20,000		17,835
5.750%, 01/15/31 (144A)		85,000		92,973
Cosan Luxembourg S.A. 5.000%, 03/14/23 (144A)		200,000		200,050
Ecopetrol S.A. 5.875%, 05/28/45 (b)		325,000		284,732
Empresa Nacional del Petroleo 3.450%, 09/16/31 (144A)		205,000		187,985
EQT Corp. 3.125%, 05/15/26 (144A)		10,000		9,713
3.625%, 05/15/31 (144A)		155,000		148,025
3.900%, 10/01/27 (b)		50,000		49,855
5.000%, 01/15/29		35,000		36,132
Equinor ASA 3.625%, 04/06/40		355,000		357,026
Occidental Petroleum Corp. 6.625%, 09/01/30		280,000		321,300
8.875%, 07/15/30		220,000		282,150
Ovintiv, Inc. 6.500%, 08/15/34 (b)		105,000		124,627
6.500%, 02/01/38		5,000		5,923
6.625%, 08/15/37		25,000		29,577
7.200%, 11/01/31		5,000		6,051
7.375%, 11/01/31		10,000		12,259
8.125%, 09/15/30		10,000		12,521
Petrobras Global Finance B.V. 5.999%, 01/27/28		315,000		330,577
Petroleos Mexicanos 5.950%, 01/28/31		450,000		415,354
Qatar Energy 2.250%, 07/12/31 (144A)		305,000		280,643
Raizen Fuels Finance S.A. 5.300%, 01/20/27 (144A)		200,000		207,000
Range Resources Corp. 4.875%, 05/15/25		130,000		131,582
5.000%, 03/15/23		86,000		86,602
Southwestern Energy Co. 4.750%, 02/01/32		30,000		29,963

BHFTI-240

Brighthouse Funds Trust I

Loomis Sayles Global Allocation Portfolio

Schedule of Investments as of March 31, 2022 (Unaudited)

Corporate Bonds & Notes—(Continued)

Security Description	Principal Amount*		Value
Oil & Gas—(Continued)
Thaioil Treasury Center Co., Ltd. 3.625%, 01/23/23 (144A)		350,000	$	350,136
				4,010,591
Packaging & Containers—0.0%
Silgan Holdings, Inc. 3.250%, 03/15/25 (EUR)		100,000		109,928
Pharmaceuticals—0.8%
Bausch Health Cos., Inc. 4.875%, 06/01/28 (144A)		90,000		86,175
5.000%, 01/30/28 (144A)		705,000		580,617
5.000%, 02/15/29 (144A)		20,000		15,580
5.250%, 01/30/30 (144A)		125,000		98,193
5.250%, 02/15/31 (144A)		375,000		291,885
6.250%, 02/15/29 (144A)		20,000		16,400
7.000%, 01/15/28 (144A)		35,000		31,335
Teva Pharmaceutical Finance Co. LLC 6.150%, 02/01/36		250,000		252,500
Teva Pharmaceutical Finance Netherlands III B.V. 3.150%, 10/01/26		455,000		411,952
4.100%, 10/01/46		2,080,000		1,632,800
4.750%, 05/09/27		280,000		268,786
				3,686,223
Pipelines—0.3%
Abu Dhabi Crude Oil Pipeline LLC 3.650%, 11/02/29		385,000		394,625
DCP Midstream Operating L.P. 3.250%, 02/15/32 (b)		230,000		207,000
5.125%, 05/15/29		35,000		35,997
Enbridge Energy Partners L.P. 7.375%, 10/15/45		90,000		124,799
Enbridge, Inc. 2.900%, 07/15/22		125,000		125,316
EnLink Midstream Partners L.P. 5.450%, 06/01/47		60,000		50,550
Hess Midstream Operations L.P. 4.250%, 02/15/30 (144A)		25,000		23,590
Western Midstream Operating L.P. 4.550%, 02/01/30		35,000		34,825
5.300%, 03/01/48		80,000		79,200
5.450%, 04/01/44		15,000		15,206
5.500%, 08/15/48		10,000		9,875
5.750%, 02/01/50		50,000		48,750
				1,149,733
Real Estate—0.2%
Country Garden Holdings Co., Ltd. 3.300%, 01/12/31		290,000		201,611
Country Garden Holdings Co., Ltd. 2.700%, 07/12/26		270,000		190,417
8.000%, 01/27/24		245,000		209,769
Goodman Australia Industrial Fund Bond Issuer Pty, Ltd. 3.400%, 09/30/26 (144A)		215,000		216,701
Real Estate—(Continued)
Shimao Group Holdings, Ltd. 3.450%, 01/11/31		285,000		69,825
Sunac China Holdings, Ltd. 5.950%, 04/26/24		225,000		56,025
				944,348
Real Estate Investment Trusts—0.2%
EPR Properties 3.600%, 11/15/31		30,000		27,198
GLP Capital L.P. / GLP Financing II, Inc. 3.250%, 01/15/32		45,000		40,829
Iron Mountain, Inc. 4.875%, 09/15/29 (144A)		125,000		118,984
Prologis Euro Finance LLC 0.250%, 09/10/27 (EUR)		320,000		329,648
0.375%, 02/06/28 (EUR)		110,000		112,804
Prologis L.P. 2.250%, 06/30/29 (GBP)		135,000		171,072
Realty Income Corp. 1.625%, 12/15/30 (GBP)		125,000		149,058
SBA Communications Corp. 3.125%, 02/01/29		170,000		154,635
				1,104,228
Retail—0.1%
1011778 BC ULC / New Red Finance, Inc. 4.000%, 10/15/30 (144A)		80,000		72,163
Carvana Co. 5.500%, 04/15/27 (144A) (b)		180,000		160,650
Lithia Motors, Inc. 3.875%, 06/01/29 (144A)		35,000		33,083
Yum! Brands, Inc. 4.625%, 01/31/32		175,000		169,276
				435,172
Semiconductors—0.1%
Broadcom, Inc. 3.187%, 11/15/36 (144A)		85,000		73,788
SK Hynix, Inc. 2.375%, 01/19/31 (144A)		300,000		261,493
TSMC Arizona Corp. 2.500%, 10/25/31		200,000		185,213
				520,494
Software—0.0%
MSCI, Inc. 3.250%, 08/15/33 (144A)		50,000		44,941
Oracle Corp. 3.950%, 03/25/51		140,000		122,390
				167,331
Telecommunications—1.2%
America Movil S.A.B. de C.V. 2.125%, 03/10/28 (EUR)		235,000		263,628
2.875%, 05/07/30		200,000		191,062

BHFTI-241

Brighthouse Funds Trust I

Loomis Sayles Global Allocation Portfolio

Schedule of Investments as of March 31, 2022 (Unaudited)

Corporate Bonds & Notes—(Continued)

Security Description	Principal Amount*		Value
Telecommunications—(Continued)
Bharti Airtel, Ltd. 3.250%, 06/03/31		305,000	$	281,885
CommScope Technologies LLC 5.000%, 03/15/27 (144A) (b)		580,000		503,773
CommScope, Inc. 4.750%, 09/01/29 (144A)		730,000		672,337
7.125%, 07/01/28 (144A) (b)		65,000		58,719
KT Corp. 2.500%, 07/18/26 (144A)		210,000		204,381
Millicom International Cellular S.A. 6.250%, 03/25/29 (144A)		180,000		191,003
6.625%, 10/15/26		180,000		184,500
MTN Mauritius Investments, Ltd. 4.755%, 11/11/24		200,000		200,500
4.755%, 11/11/24 (144A)		400,000		401,000
Ooredoo International Finance, Ltd. 2.625%, 04/08/31 (144A)		250,000		234,349
T-Mobile USA, Inc. 2.400%, 03/15/29 (144A)		40,000		36,629
2.700%, 03/15/32 (144A)		75,000		68,227
3.375%, 04/15/29		760,000		722,859
3.500%, 04/15/31		425,000		399,917
3.875%, 04/15/30		355,000		356,363
Turk Telekomunikasyon AS 6.875%, 02/28/25		360,000		354,008
Turkcell Iletisim Hizmetleri AS 5.800%, 04/11/28		215,000		194,304
				5,519,444
Transportation—0.1%
Canadian Pacific Railway Co. 1.750%, 12/02/26		265,000		249,622
Total Corporate Bonds & Notes (Cost $78,756,433)				74,842,883
Foreign Government—9.3%
Banks—0.1%
Corp. Financiera de Desarrollo S.A. 2.400%, 09/28/27 (144A)		365,000		335,344
Gas—0.1%
Korea Gas Corp. 2.750%, 07/20/22 (144A)		260,000		260,314
Oil & Gas—0.0%
Korea National Oil Corp. 2.125%, 04/18/27 (144A)		240,000		224,694
Regional Government—0.2%
New South Wales Treasury Corp. 2.000%, 03/08/33 (AUD)		1,480,000		976,060
Regional Government—(Continued)
Province of Quebec Canada 2.300%, 09/01/29 (CAD)		310,000		237,010
				1,213,070
Sovereign—8.8%
Australia Government Bonds 0.500%, 09/21/26 (AUD)		1,150,000		785,224
5.500%, 04/21/23 (AUD)		950,000		743,765
Brazil Notas do Tesouro Nacional 10.000%, 01/01/31 (BRL)		5,875,000		1,160,319
Brazilian Government International Bonds 4.500%, 05/30/29		340,000		333,336
4.625%, 01/13/28		290,000		290,650
Canada Housing Trust No. 1 1.550%, 12/15/26 (144A) (CAD)		245,000		185,870
Canadian Government Bonds 0.500%, 09/01/25 (CAD)		915,000		687,244
1.500%, 12/01/31 (CAD)		1,240,000		915,526
Chile Government International Bond 2.550%, 01/27/32 (b)		350,000		328,867
China Government Bonds 2.200%, 07/27/25 (CNY)		11,000,000		1,706,855
3.390%, 05/21/25 (CNY)		1,000,000		160,885
3.900%, 07/04/36 (CNY)		3,000,000		513,421
4.000%, 11/30/35 (CNY)		7,500,000		1,300,106
Colombia Government International Bond 3.875%, 04/25/27		200,000		191,736
Colombian TES 6.250%, 11/26/25 (COP)		1,305,500,000		315,066
7.500%, 08/26/26 (COP)		4,868,600,000		1,207,521
Dominican Republic International Bonds 4.500%, 01/30/30 (144A)		235,000		215,615
4.875%, 09/23/32 (144A)		150,000		135,751
6.000%, 07/19/28 (144A)		200,000		203,002
8.625%, 04/20/27 (144A)		200,000		221,000
Ecuador Government International Bond 5.000%, 07/31/30 (d)		435,000		363,229
Egypt Government International Bonds 5.250%, 10/06/25		200,000		192,360
7.625%, 05/29/32		200,000		180,948
Export-Import Bank of India 2.250%, 01/13/31 (144A)		310,000		265,689
Export-Import Bank of Korea 3.000%, 11/01/22		200,000		200,602
6.750%, 08/09/22 (INR)		17,900,000		236,790
6.900%, 02/07/23 (INR)		70,500,000		934,787
French Republic Government Bond OAT 4.250%, 10/25/23 (EUR)		390,000		461,233
Indonesia Government International Bonds 2.850%, 02/14/30		200,000		196,563
4.125%, 01/15/25 (144A)		200,000		205,450
Indonesia Treasury Bonds 7.000%, 09/15/30 (IDR)		5,500,000,000		389,417
7.500%, 05/15/38 (IDR)		6,358,000,000		452,659

BHFTI-242

Brighthouse Funds Trust I

Loomis Sayles Global Allocation Portfolio

Schedule of Investments as of March 31, 2022 (Unaudited)

Foreign Government—(Continued)

Security Description	Principal Amount*		Value
Sovereign—(Continued)
Ireland Government Bonds Zero Coupon, 10/18/31 (EUR)		405,000	$	406,547
3.400%, 03/18/24 (EUR)		65,000		76,642
Israel Government Bond - Fixed 1.000%, 03/31/30 (ILS)		1,130,000		327,799
Italy Buoni Poliennali Del Tesoro 1.350%, 04/01/30 (EUR)		895,000		959,213
2.000%, 02/01/28 (EUR)		325,000		370,713
2.500%, 11/15/25 (EUR)		605,000		706,225
Japan Government Thirty Year Bond 0.500%, 03/20/49 (JPY)		335,000,000		2,498,466
Japanese Government CPI Linked Bond 0.100%, 03/10/28 (JPY) (e)		84,810,950		735,390
Korea Treasury Bonds 0.875%, 12/10/23 (KRW)		500,000,000		402,823
1.125%, 09/10/25 (KRW)		500,000,000		389,773
1.500%, 12/10/30 (KRW)		1,120,530,000		825,599
2.000%, 09/10/22 (KRW)		380,000,000		314,150
Malaysia Government Bond 3.480%, 03/15/23 (MYR)		3,295,000		793,409
Mexican Bonos 5.750%, 03/05/26 (MXN)		24,011,500		1,097,938
7.500%, 06/03/27 (MXN)		8,252,400		398,194
8.000%, 12/07/23 (MXN)		1,835,000		91,659
8.500%, 05/31/29 (MXN)		14,420,800		729,682
Mexico Government International Bonds 3.250%, 04/16/30 (b)		335,000		322,461
3.500%, 02/12/34		200,000		185,898
4.000%, 03/15/15 (EUR)		100,000		100,226
New Zealand Government Bonds 0.500%, 05/15/24 (NZD)		1,150,000		758,050
1.500%, 05/15/31 (NZD)		690,000		413,231
3.000%, 04/20/29 (NZD)		455,000		311,421
Nigeria Government International Bond 6.125%, 09/28/28 (144A)		200,000		183,600
Norway Government Bonds 1.750%, 02/17/27 (144A) (NOK)		4,250,000		464,640
2.000%, 05/24/23 (144A) (NOK)		1,477,000		168,398
Paraguay Government International Bond 4.950%, 04/28/31 (144A)		200,000		209,002
Peruvian Government International Bonds 2.392%, 01/23/26		125,000		121,274
3.000%, 01/15/34		245,000		228,379
Republic of Italy Government International Bond 2.375%, 10/17/24		280,000		275,243
Republic of Poland Government Bonds 1.250%, 10/25/30 (PLN)		3,000,000		525,710
3.250%, 07/25/25 (PLN)		1,445,000		319,721
Republic of South Africa Government International Bond 5.750%, 09/30/49		965,000		841,962
Romania Government Bond 4.150%, 10/24/30 (RON)		3,345,000		652,467
Romanian Government International Bond 2.000%, 04/14/33 (144A) (EUR)		120,000		106,516
Singapore Government Bonds 2.125%, 06/01/26 (SGD)		1,120,000		823,049
2.750%, 07/01/23 (SGD)		515,000		385,140
Sovereign—(Continued)
South Africa Government Bonds 7.000%, 02/28/31 (ZAR)		11,655,000		664,724
8.875%, 02/28/35 (ZAR)		5,960,000		366,349
Spain Government Bonds 1.600%, 04/30/25 (144A) (EUR)		180,000		206,309
1.950%, 07/30/30 (144A) (EUR)		310,000		363,691
4.400%, 10/31/23 (144A) (EUR)		525,000		621,090
Sweden Government Bond 0.125%, 05/12/31 (144A) (SEK)		4,200,000		405,418
Turkey Government International Bonds 5.250%, 03/13/30		950,000		799,330
7.625%, 04/26/29 (b)		200,000		194,960
United Kingdom Gilt 1.500%, 07/22/26 (GBP)		640,000		844,171
2.750%, 09/07/24 (GBP)		215,000		291,484
4.250%, 06/07/32 (GBP)		125,000		204,583
Uruguay Government International Bonds 4.375%, 01/23/31		170,000		185,247
8.250%, 05/21/31 (UYU)		9,950,000		232,110
				39,581,562
Transportation—0.1%
Network Rail Infrastructure Finance plc 4.750%, 01/22/24 (GBP)		235,000		325,294
Total Foreign Government (Cost $44,970,080)				41,940,278
U.S. Treasury & Government Agencies—2.8%
U.S. Treasury—2.8%
U.S. Treasury Inflation Indexed Notes 0.375%, 07/15/27 (e)		1,172,000		1,248,249
U.S. Treasury Notes 0.125%, 01/31/23 (f)		335,000		331,035
0.125%, 03/31/23		1,315,000		1,294,505
0.125%, 04/30/23		510,000		500,995
0.500%, 11/30/23		1,115,000		1,083,771
0.750%, 03/31/26		2,665,000		2,485,217
0.875%, 01/31/24		3,300,000		3,215,953
1.500%, 02/29/24 (b)		530,000		522,278
1.750%, 03/15/25		925,000		905,416
1.875%, 02/15/32 (b)		935,000		897,892
Total U.S. Treasury & Government Agencies (Cost $12,706,553)				12,485,311
Convertible Bonds—2.2%
Airlines—0.3%
JetBlue Airways Corp. 0.500%, 04/01/26		35,000		32,565
Southwest Airlines Co. 1.250%, 05/01/25		855,000		1,160,235
				1,192,800

BHFTI-243

Brighthouse Funds Trust I

Loomis Sayles Global Allocation Portfolio

Schedule of Investments as of March 31, 2022 (Unaudited)

Convertible Bonds—(Continued)

Security Description	Principal Amount*		Value
Biotechnology—0.6%
BioMarin Pharmaceutical, Inc. 0.599%, 08/01/24		2,110,000	$	2,108,945
Ionis Pharmaceuticals, Inc. Zero Coupon, 04/01/26		85,000		79,059
Livongo Health, Inc. 0.875%, 06/01/25		520,000		523,120
				2,711,124
Entertainment—0.1%
Penn National Gaming, Inc. 2.750%, 05/15/26		20,000		40,220
Zynga, Inc. Zero Coupon, 12/15/26		160,000		162,880
				203,100
Healthcare-Services—0.3%
Teladoc Health, Inc. 1.250%, 06/01/27		1,670,000		1,408,645
Internet—0.2%
Twitter, Inc. Zero Coupon, 03/15/26		65,000		54,568
Uber Technologies, Inc. Zero Coupon, 12/15/25 (b)		725,000		648,875
Zillow Group, Inc. 1.375%, 09/01/26		10,000		13,231
				716,674
Leisure Time—0.1%
NCL Corp., Ltd. 1.125%, 02/15/27		625,000		574,375
Peloton Interactive, Inc. Zero Coupon, 02/15/26		65,000		53,706
				628,081
Media—0.6%
Dish Network Corp. Zero Coupon, 12/15/25		580,000		562,658
3.375%, 08/15/26		2,320,000		2,086,840
				2,649,498
Software—0.0%
Nutanix, Inc. 0.250%, 10/01/27		55,000		45,822
Splunk, Inc. 1.125%, 06/15/27		135,000		128,925
				174,747
Total Convertible Bonds (Cost $10,712,338)				9,684,669
Convertible Preferred Stocks—0.2%
Security Description	Shares/ Principal Amount*		Value
Pipelines—0.1%
El Paso Energy Capital Trust I 4.750%, 03/31/28		2,834		141,133
Wireless Telecommunication Services—0.1%
T-Mobile U.S., Inc. 5.250%, 06/01/23 (144A)		502		559,730
Total Convertible Preferred Stocks (Cost $640,548)				700,863
Municipals—0.1%
Tobacco Settlement Financing Corp. 6.706%, 06/01/46 (Cost $644,822)		645,000		654,142
Mortgage-Backed Securities—0.0%
Commercial Mortgage-Backed Securities—0.0%
Institutional Mortgage Securities Canada, Inc. 2.616%, 07/12/47 (144A) (CAD)		75,879		60,555
Total Mortgage-Backed Securities (Cost $70,809)				60,555
Floating Rate Loan (g)—0.0%
Pharmaceuticals—0.0%
Jazz Financing Lux S.a.r.l. Term Loan, 4.000%, 1M LIBOR + 3.500%, 05/05/28 (Cost $27,520)		27,663		27,604
Short-Term Investment—0.8%
Repurchase Agreement—0.8%
Fixed Income Clearing Corp. Repurchase Agreement dated 03/31/22 at 0.000%, due on 04/01/22 with a maturity value of $3,660,546; collateralized by U.S. Treasury Note at 0.125%, maturing 04/15/25, with a market value of $3,733,836.		3,660,546		3,660,546
Total Short-Term Investments (Cost $3,660,546)				3,660,546
Securities Lending Reinvestments (h)—1.0%
Repurchase Agreements—0.7%
Barclays Capital, Inc. Repurchase Agreement dated 03/31/22 at 0.240%, due on 04/01/22 with a maturity value of $900,006; collateralized by U.S. Treasury Obligations at 0.000%, maturity dates ranging from 02/15/37 - 11/15/48, and an aggregate market value of $918,000.		900,000		900,000

BHFTI-244

Brighthouse Funds Trust I

Loomis Sayles Global Allocation Portfolio

Schedule of Investments as of March 31, 2022 (Unaudited)

Securities Lending Reinvestments (h)—(Continued)

Security Description	Shares/ Principal Amount*		Value
Repurchase Agreements—(Continued)
ING Financial Markets LLC Repurchase Agreement dated 03/31/22 at 0.260%, due on 04/01/22 with a maturity value of $780,520; collateralized by U.S. Government Agency Obligations with rates ranging from 0.350% - 6.625%, maturity dates ranging from 04/05/22 - 11/15/30, and an aggregate market value of $796,129.		780,514	$	780,514
National Bank Financial, Inc. Repurchase Agreement dated 03/31/22 at 0.320%, due on 04/01/22 with a maturity value of $300,003; collateralized by U.S. Treasury Obligations with rates ranging from 0.125% - 3.000%, maturity dates ranging from 06/30/22 - 02/15/49, and an aggregate market value of $306,171.		300,000		300,000
National Bank of Canada Repurchase Agreement dated 03/31/22 at 0.320%, due on 04/07/22 with a maturity value of $300,019; collateralized by U.S. Treasury Obligations with rates ranging from 0.000% - 4.500%, maturity dates ranging from 04/14/22 - 08/15/51, and an aggregate market value of $306,171.		300,000		300,000
NBC Global Finance, Ltd.
Repurchase Agreement dated 03/31/22 at 0.440%, due on 04/01/22 with a maturity value of $200,002; collateralized by U.S. Treasury Obligations with rates ranging from 0.125% - 4.750%, maturity dates ranging from 05/15/24 - 02/15/50, and various Common Stock with an aggregate market value of $222,075.		200,000		200,000
Repurchase Agreement dated 03/31/22 at 0.485%, due on 04/07/22 with a maturity value of $250,024; collateralized by U.S. Treasury Obligations with rates ranging from 0.125% - 4.750%, maturity dates ranging from 05/15/24 - 02/15/50, and various Common Stock with an aggregate market value of $277,594.		250,000		250,000
Societe Generale Repurchase Agreement dated 03/31/22 at 0.420%, due on 04/07/22 with a maturity value of $200,016; collateralized by various Common Stock with an aggregate market value of $222,258.		200,000		200,000
TD Prime Services LLC Repurchase Agreement dated 03/31/22 at 0.400%, due on 04/01/22 with a maturity value of $100,001; collateralized by various Common Stock with an aggregate market value of $115,819.		100,000		100,000
				3,030,514
Mutual Funds—0.3%
Allspring Government Money Market Fund, Select Class  0.180% (i)		100,000		100,000
BlackRock Liquidity Funds FedFund, Institutional Shares 0.230% (i)		400,000		400,000
Morgan Stanley Liquidity Funds Government Portfolio, Institutional Shares 0.230% (i)		400,000		400,000
Mutual Funds—(Continued)
STIT-Government & Agency Portfolio, Institutional Class  0.250% (i)		500,000		500,000
				1,400,000
Total Securities Lending Reinvestments (Cost $4,430,514)				4,430,514
Total Investments—100.5% (Cost $368,069,398)				452,313,067
Other assets and liabilities (net)—(0.5)%				(2,182,141	)
Net Assets—100.0%			$	450,130,926

*	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 March 31, 2022, the market value of securities loaned was $7,413,848 and the collateral received consisted of cash in the amount of $4,430,514 and non-cash collateral with a value of $3,239,940. 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)	Variable or floating rate security. The stated rate represents the rate at March 31, 2022. 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)	Security is a “step-up” bond where coupon increases or steps up at a predetermined date. Rate shown is current coupon rate.
(e)	Principal amount of security is adjusted for inflation.
(f)	All or a portion of the security was pledged as collateral against open futures contracts. As of March 31, 2022, the market value of securities pledged was $98,816.
(g)	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.
(h)	Represents investment of cash collateral received from securities on loan as of March 31, 2022.
(i)	The rate shown represents the annualized seven-day yield as of March 31, 2022.
(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 March 31, 2022, the market value of 144A securities was $40,952,974, which is 9.1% of net assets.

BHFTI-245

Brighthouse Funds Trust I

Loomis Sayles Global Allocation Portfolio

Schedule of Investments as of March 31, 2022 (Unaudited)

Country Diversification as of March 31, 2022 (Unaudited)	% of Net Assets
United States		64.2
United Kingdom		4.3
Netherlands		3.3
France		2.8
Japan		2.2
Canada		2.0
Taiwan		2.0
Sweden		1.5
India		1.4
China		1.2

Forward Foreign Currency Exchange Contracts

Contracts to Buy		Counterparty	Settlement Date		In Exchange for			Unrealized Appreciation/ (Depreciation)
AUD	1,450,000	HSBCU		06/15/22		USD	1,063,031	$	23,312
EUR	14,867,000	MSC		06/15/22		USD	16,234,169		256,869
GBP	796,000	UBSA		06/15/22		USD	1,048,021		(2,659	)
JPY	1,176,000,000	CSI		06/15/22		USD	10,147,020		(469,227	)
KRW	813,000,000	BOA		06/15/22		USD	672,279		(2,020	)
Contracts to Deliver
CAD	714,000	UBSA		06/15/22		USD	558,983		(12,043	)
COP	6,021,975,000	CSI		06/15/22		USD	1,588,681		8,360
IDR	13,001,580,000	UBSA		06/15/22		USD	898,395		(4,144	)
MXN	29,008,000	BOA		06/15/22		USD	1,346,048		(93,874	)
NZD	660,000	MSC		06/15/22		USD	451,130		(5,730	)
Cross Currency Contracts to Buy
EUR	383,983	MSC		06/15/22		NOK	3,786,000		(3,903	)
Net Unrealized Depreciation								$	(305,059	)

Futures Contracts

Futures Contracts—Short	Expiration Date		Number of Contracts			Notional Value				Value/ Unrealized Appreciation
U.S. Treasury Note Ultra 10 Year Futures		06/21/22		(8	)	US	D	(1,083,750	)	$	34,797

Glossary of Abbreviations

Counterparties

(BOA)—	Bank of America 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

BHFTI-246

Brighthouse Funds Trust I

Loomis Sayles Global Allocation Portfolio

Schedule of Investments as of March 31, 2022 (Unaudited)

Index Abbreviations

(H15)—	U.S. Treasury Yield Curve Rate T-Note Constant Maturity Index
(LIBOR)—	London Interbank Offered Rate
(SOFR)—	Secured Overnight Financing Rate

Other Abbreviations

(DAC)—	Designated Activity Company
(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 March 31, 2022:

Description	Level 1		Level 2		Level 3		Total
Common Stocks
Banks	$	—	$	4,896,328	$	—	$	4,896,328
Capital Markets		18,698,282		—		—		18,698,282
Chemicals		20,660,317		—		—		20,660,317
Commercial Services & Supplies		2,522,700		—		—		2,522,700
Electronic Equipment, Instruments & Components		—		2,672,669		—		2,672,669
Food & Staples Retailing		9,654,125		—		—		9,654,125
Health Care Providers & Services		12,195,423		—		—		12,195,423
Hotels, Restaurants & Leisure		14,882,145		—		—		14,882,145
Industrial Conglomerates		10,077,860		—		—		10,077,860
Insurance		—		3,574,264		—		3,574,264
Interactive Media & Services		21,886,041		—		—		21,886,041
Internet & Direct Marketing Retail		15,432,603		—		—		15,432,603
IT Services		26,718,659		5,268,815		—		31,987,474
Life Sciences Tools & Services		32,146,927		—		—		32,146,927
Machinery		10,353,748		6,419,429		—		16,773,177
Personal Products		6,334,435		—		—		6,334,435
Semiconductors & Semiconductor Equipment		16,773,303		23,178,482		—		39,951,785
Software		19,640,653		3,074,857		—		22,715,510
Specialty Retail		8,129,503		—		—		8,129,503
Textiles, Apparel & Luxury Goods		1,737,741		6,896,393		—		8,634,134
Total Common Stocks		247,844,465		55,981,237		—		303,825,702
Total Corporate Bonds & Notes*		—		74,842,883		—		74,842,883
Total Foreign Government*		—		41,940,278		—		41,940,278
Total U.S. Treasury & Government Agencies*		—		12,485,311		—		12,485,311
Total Convertible Bonds*		—		9,684,669		—		9,684,669
Convertible Preferred Stocks
Pipelines		141,133		—		—		141,133
Wireless Telecommunication Services		—		559,730		—		559,730
Total Convertible Preferred Stocks		141,133		559,730		—		700,863
Total Municipals*		—		654,142		—		654,142
Total Mortgage-Backed Securities*		—		60,555		—		60,555
Total Floating Rate Loan*		—		27,604		—		27,604
Total Short-Term Investment*		—		3,660,546		—		3,660,546

BHFTI-247

Brighthouse Funds Trust I

Loomis Sayles Global Allocation Portfolio

Schedule of Investments as of March 31, 2022 (Unaudited)

Fair Value Hierarchy—(Continued)

Description	Level 1		Level 2			Level 3		Total
Securities Lending Reinvestments
Repurchase Agreements	$	—	$	3,030,514		$	—	$	3,030,514
Mutual Funds		1,400,000		—			—		1,400,000
Total Securities Lending Reinvestments		1,400,000		3,030,514			—		4,430,514
Total Investments	$	249,385,598	$	202,927,469		$	—	$	452,313,067
Collateral for Securities Loaned (Liability)	$	—	$	(4,430,514	)	$	—	$	(4,430,514	)
Forward Contracts
Forward Foreign Currency Exchange Contracts (Unrealized Appreciation)	$	—	$	288,541		$	—	$	288,541
Forward Foreign Currency Exchange Contracts (Unrealized Depreciation)		—		(593,600	)		—		(593,600	)
Total Forward Contracts	$	—	$	(305,059	)	$	—	$	(305,059	)
Futures Contracts
Futures Contracts (Unrealized Appreciation)	$	34,797	$	—		$	—	$	34,797

* See Schedule of Investments for additional detailed categorizations.

BHFTI-248

Brighthouse Funds Trust I

Loomis Sayles Growth Portfolio

Schedule of Investments as of March 31, 2022 (Unaudited)

Common Stocks—99.4% of Net Assets

Security Description	Shares		Value
Aerospace & Defense—4.4%
Boeing Co. (The) (a)		752,861	$	144,172,882
Air Freight & Logistics—1.4%
Expeditors International of Washington, Inc.		454,181		46,853,312
Automobiles—3.2%
Tesla, Inc. (a)		96,289		103,761,026
Beverages—2.6%
Monster Beverage Corp. (a)		1,048,633		83,785,777
Biotechnology—6.4%
Regeneron Pharmaceuticals, Inc. (a)		145,266		101,456,680
Vertex Pharmaceuticals, Inc. (a)		406,027		105,960,866
				207,417,546
Capital Markets—2.9%
FactSet Research Systems, Inc. (b)		122,574		53,215,502
SEI Investments Co. (b)		701,121		42,214,496
				95,429,998
Entertainment—5.4%
Netflix, Inc. (a)		178,800		66,976,692
Walt Disney Co. (The) (a)		787,458		108,007,739
				174,984,431
Health Care Equipment & Supplies—1.3%
Intuitive Surgical, Inc. (a)		145,296		43,832,897
Hotels, Restaurants & Leisure—3.6%
Starbucks Corp.		675,314		61,433,315
Yum China Holdings, Inc.		434,816		18,062,257
Yum! Brands, Inc. (b)		322,635		38,241,926
				117,737,498
Interactive Media & Services—12.1%
Alphabet, Inc. - Class A (a)		46,916		130,489,817
Alphabet, Inc. - Class C (a)		41,569		116,101,801
Meta Platforms, Inc. - Class A (a)		660,632		146,898,132
				393,489,750
Internet & Direct Marketing Retail—8.1%
Alibaba Group Holding, Ltd. (ADR) (a)		426,792		46,434,970
Amazon.com, Inc. (a)		66,870		217,992,856
				264,427,826
IT Services—10.3%
Block, Inc. (a)		367,273		49,802,219
PayPal Holdings, Inc. (a)		423,360		48,961,584
Shopify, Inc. - Class A (a)		70,769		47,837,013
Visa, Inc. - Class A (b)		853,281		189,232,127
				335,832,943
Life Sciences Tools & Services—2.4%
Illumina, Inc. (a)		220,297		76,971,772
Machinery—2.8%
Deere & Co. (b)		221,566		92,051,810
Pharmaceuticals—6.5%
Novartis AG (ADR)		1,024,930		89,937,608
Novo Nordisk A/S (ADR)		347,509		38,590,874
Roche Holding AG (ADR) (b)		1,708,857		84,434,624
				212,963,106
Semiconductors & Semiconductor Equipment—9.1%
NVIDIA Corp.		830,729		226,672,715
QUALCOMM, Inc.		453,182		69,255,273
				295,927,988
Software—16.9%
Autodesk, Inc. (a)		491,762		105,409,185
Microsoft Corp.		514,022		158,478,123
Oracle Corp.		1,620,063		134,027,812
Salesforce.com, Inc. (a)		523,531		111,156,102
Workday, Inc. - Class A (a)		184,314		44,135,830
				553,207,052
Total Common Stocks (Cost $2,473,970,771)				3,242,847,614
Short-Term Investment—0.7%
Repurchase Agreement—0.7%
Fixed Income Clearing Corp. Repurchase Agreement dated 03/31/22 at 0.000%, due on 04/01/22 with a maturity value of $21,834,006; collateralized by U.S. Treasury Note at 1.500%, maturing 02/15/25, with a market value of $22,270,772.		21,834,006		21,834,006
Total Short-Term Investments (Cost $21,834,006)				21,834,006
Securities Lending Reinvestments (c)—6.0%
Certificate of Deposit—0.0%
Oversea-Chinese Banking Corp., Ltd. Zero Coupon, 04/14/22		1,000,000		999,830
Repurchase Agreements—4.4%
BofA Securities, Inc. Repurchase Agreement dated 03/31/22 at 0.600%, due on 05/05/22 with a maturity value of $2,401,400; collateralized by U.S. Treasury Obligations with rates ranging from 0.000% - 7.500%, maturity dates ranging from 04/21/22 - 08/15/51, and various Common Stock with an aggregate market value of $2,524,537.		2,400,000		2,400,000

BHFTI-249

Brighthouse Funds Trust I

Loomis Sayles Growth Portfolio

Schedule of Investments as of March 31, 2022 (Unaudited)

Securities Lending Reinvestments (c)—(Continued)

Security Description	Principal Amount*		Value
Repurchase Agreements—(Continued)
Cantor Fitzgerald & Co. Repurchase Agreement dated 03/31/22 at 0.290%, due on 04/01/22 with a maturity value of $15,000,121; collateralized by U.S. Treasury and U.S. Government Agency Obligations with rates ranging from 0.125% - 8.000%, maturity dates ranging from 09/15/22 - 07/20/71, and an aggregate market value of $15,300,000.		15,000,000	$	15,000,000
Citigroup Global Markets, Ltd. Repurchase Agreement dated 03/31/22 at 0.300%, due on 04/01/22 with a maturity value of $3,700,031; collateralized by U.S. Treasury and Foreign Obligations with rates ranging from 0.125% - 2.875%, maturity dates ranging from 08/15/23 - 02/15/51, and an aggregate market value of $3,774,001.		3,700,000		3,700,000
ING Financial Markets LLC Repurchase Agreement dated 03/31/22 at 0.260%, due on 04/01/22 with a maturity value of $33,893,363; collateralized by U.S. Treasury Obligations at 0.000%, maturity dates ranging from 05/10/22 - 08/11/22, and an aggregate market value of $34,570,994.		33,893,119		33,893,119
National Bank Financial, Inc. Repurchase Agreement dated 03/31/22 at 0.320%, due on 04/01/22 with a maturity value of $15,000,133; collateralized by U.S. Treasury Obligations with rates ranging from 0.125% - 3.000%, maturity dates ranging from 06/30/22 - 02/15/49, and an aggregate market value of $15,308,533.		15,000,000		15,000,000
National Bank of Canada Repurchase Agreement dated 03/31/22 at 0.320%, due on 04/07/22 with a maturity value of $10,000,622; collateralized by U.S. Treasury Obligations with rates ranging from 0.000% - 4.500%, maturity dates ranging from 04/14/22 - 08/15/51, and an aggregate market value of $10,205,689.		10,000,000		10,000,000
NBC Global Finance, Ltd. Repurchase Agreement dated 03/31/22 at 0.440%, due on 04/01/22 with a maturity value of $8,900,109; collateralized by U.S. Treasury Obligations with rates ranging from 0.125% - 4.750%, maturity dates ranging from 05/15/24 - 02/15/50, and various Common Stock with an aggregate market value of $9,882,351.		8,900,000		8,900,000
Royal Bank of Canada Toronto Repurchase Agreement dated 03/31/22 at 0.570%, due on 05/05/22 with a maturity value of $4,002,217; collateralized by various Common Stock with an aggregate market value of $4,444,515.		4,000,000		4,000,000
Societe Generale Repurchase Agreement dated 03/31/22 at 0.360%, due on 04/01/22 with a maturity value of $8,000,080; collateralized by various Common Stock with an aggregate market value of $8,889,623.		8,000,000		8,000,000
Repurchase Agreement dated 03/31/22 at 0.380%, due on 04/01/22 with a maturity value of $10,000,106; collateralized by various Common Stock with an aggregate market value of $11,112,029.		10,000,000		10,000,000
Repurchase Agreements—(Continued)
Repurchase Agreement dated 03/31/22 at 0.410%, due on 04/01/22 with a maturity value of $20,000,228; collateralized by various Common Stock with an aggregate market value of $22,225,794.		20,000,000		20,000,000
Repurchase Agreement dated 03/31/22 at 0.420%, due on 04/07/22 with a maturity value of $500,041; collateralized by various Common Stock with an aggregate market value of $555,645.		500,000		500,000
TD Prime Services LLC Repurchase Agreement dated 03/31/22 at 0.400%, due on 04/01/22 with a maturity value of $13,000,144; collateralized by various Common Stock with an aggregate market value of $14,741,219.		13,000,000		13,000,000
				144,393,119
Time Deposit—0.2%
First Abu Dhabi Bank USA NV 0.310%, 04/01/22		5,000,000		5,000,000
Mutual Funds—1.4%
BlackRock Liquidity Funds FedFund, Institutional Shares 0.230% (d)		5,000,000		5,000,000
Fidelity Government Portfolio, Institutional Class  0.160% (d)		2,000,000		2,000,000
Goldman Sachs Financial Square Government Fund, Institutional Shares 0.250% (d)		10,000,000		10,000,000
Morgan Stanley Liquidity Funds Government Portfolio, Institutional Shares 0.230% (d)		5,000,000		5,000,000
STIT-Government & Agency Portfolio, Institutional Class 0.250% (d)		25,000,000		25,000,000
				47,000,000
Total Securities Lending Reinvestments (Cost $197,393,063)				197,392,949
Total Investments—106.1% (Cost $2,693,197,840)				3,462,074,569
Other assets and liabilities (net)—(6.1)%				(198,143,449	)
Net Assets—100.0%			$	3,263,931,120

*	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 March 31, 2022, the market value of securities loaned was $191,674,599 and the collateral received consisted of cash in the amount of $197,392,336. 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 March 31, 2022.
(d)	The rate shown represents the annualized seven-day yield as of March 31, 2022.

Glossary of Abbreviations

Other Abbreviations

(ADR)— American Depositary Receipt

BHFTI-250

Brighthouse Funds Trust I

Loomis Sayles Growth Portfolio

Schedule of Investments as of March 31, 2022 (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 March 31, 2022:

Description	Level 1		Level 2			Level 3		Total
Total Common Stocks*	$	3,242,847,614	$	—		$	—	$	3,242,847,614
Total Short-Term Investment*		—		21,834,006			—		21,834,006
Securities Lending Reinvestments
Certificate of Deposit		—		999,830			—		999,830
Repurchase Agreements		—		144,393,119			—		144,393,119
Time Deposit		—		5,000,000			—		5,000,000
Mutual Funds		47,000,000		—			—		47,000,000
Total Securities Lending Reinvestments		47,000,000		150,392,949			—		197,392,949
Total Investments	$	3,289,847,614	$	172,226,955		$	—	$	3,462,074,569
Collateral for Securities Loaned (Liability)	$	—	$	(197,392,336	)	$	—	$	(197,392,336	)

* See Schedule of Investments for additional detailed categorizations.    

BHFTI-251

Brighthouse Funds Trust I

MetLife Multi-Index Targeted Risk Portfolio

Schedule of Investments as of March 31, 2022 (Unaudited)

Mutual Funds—76.7% of Net Assets

Security Description	Shares/ Principal Amount*		Value
Affiliated Investment Companies—76.7%
MetLife Aggregate Bond Index Portfolio (Class A) (a)		62,614,150	$	650,561,018
MetLife Mid Cap Stock Index Portfolio (Class A) (a)		3,731,580		79,034,870
MetLife MSCI EAFE Index Portfolio (Class A) (a)		12,467,784		188,886,929
MetLife Russell 2000 Index Portfolio (Class A) (a)		2,157,924		48,423,819
MetLife Stock Index Portfolio (Class A) (a)		3,932,252		269,477,254
Total Mutual Funds (Cost $1,145,950,894)				1,236,383,890
Short-Term Investments—23.4%
Discount Note—3.1%
Federal Home Loan Bank 0.073%, 04/05/22 (b)		50,000,000		49,999,057
Repurchase Agreement—0.0%
Fixed Income Clearing Corp. Repurchase Agreement dated 03/31/22 at 0.000%, due on 04/01/22 with a maturity value of $434,375; collateralized by U.S. Treasury Note at 1.000%, maturing 12/15/24, with a market value of $443,118.		434,375		434,375
U.S. Treasury—20.3%
U.S. Treasury Bills 0.045%, 04/05/22 (b)		133,000,000		132,998,080
0.237%, 05/10/22 (b) (c) (d)		193,500,000		193,461,482
				326,459,562
Total Short-Term Investments (Cost $376,882,768)				376,892,994
Total Investments—100.1% (Cost $1,522,833,662)				1,613,276,884
Other assets and liabilities (net)—(0.1)%				(1,154,861	)
Net Assets—100.0%			$	1,612,122,023

*	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 March 31, 2022, the market value of securities pledged was $16,796,656.
(d)	All or a portion of the security was pledged as collateral against open centrally cleared swap contracts. As of March 31, 2022, the market value of securities pledged was $16,796,656.

Futures Contracts

Futures Contracts—Long	Expiration Date		Number of Contracts		Notional Amount			Value/ Unrealized Appreciation/ (Depreciation)
MSCI EAFE Index Mini Futures		06/17/22		456		USD	48,892,320	$	2,648,411
Russell 2000 Index E-Mini Futures		06/17/22		122		USD	12,605,040		562,841
S&P 500 Index E-Mini Futures		06/17/22		346		USD	78,381,975		5,848,594
S&P Midcap 400 Index E-Mini Futures		06/17/22		82		USD	22,051,440		1,062,988
Net Unrealized Appreciation								$	10,122,834

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 SOFR		Annually	1.310%		Annually		03/16/32		USD	83,000,000	$	(6,010,013	)	$	42,452		$	(6,052,465	)
Pay	12M SOFR		Annually	1.370%		Annually		01/13/32		USD	83,000,000		(5,674,561	)		(67,342	)		(5,607,219	)
Pay	12M SOFR		Annually	1.410%		Annually		02/09/32		USD	83,000,000		(5,221,439	)		154,117			(5,375,556	)
Pay	12M SOFR		Annually	1.570%		Annually		04/14/32		USD	83,000,000		(4,137,724	)		24,881			(4,162,605	)
Pay	12M SOFR		Annually	1.840%		Annually		05/17/32		USD	83,000,000		(2,236,626	)		(86,734	)		(2,149,892	)
Pay	12M SOFR		Annually	2.220%		Annually		06/23/32		USD	85,000,000		502,554			29,934			472,620
Totals												$	(22,777,809	)	$	97,308		$	(22,875,117	)

BHFTI-252

Brighthouse Funds Trust I

MetLife Multi-Index Targeted Risk Portfolio

Schedule of Investments as of March 31, 2022 (Unaudited)

Glossary of Abbreviations

Currencies

(USD)— United States Dollar

Index Abbreviations

(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 March 31, 2022:

Description	Level 1		Level 2			Level 3		Total
Total Mutual Funds*	$	1,236,383,890	$	—		$	—	$	1,236,383,890
Total Short-Term Investments*		—		376,892,994			—		376,892,994
Total Investments	$	1,236,383,890	$	376,892,994		$	—	$	1,613,276,884
Futures Contracts
Futures Contracts (Unrealized Appreciation)	$	10,122,834	$	—		$	—	$	10,122,834
Centrally Cleared Swap Contracts
Centrally Cleared Swap Contracts (Unrealized Appreciation)	$	—	$	472,620		$	—	$	472,620
Centrally Cleared Swap Contracts (Unrealized Depreciation)		—		(23,347,737	)		—		(23,347,737	)
Total Centrally Cleared Swap Contracts	$	—	$	(22,875,117	)	$	—	$	(22,875,117	)

* See Schedule of Investments for additional detailed categorizations.

BHFTI-253

Brighthouse Funds Trust I

MFS Research International Portfolio

Schedule of Investments as of March 31, 2022 (Unaudited)

Common Stocks—98.7% of Net Assets

Security Description	Shares		Value
Australia—2.7%
APA Group		837,022	$	6,637,643
carsales.com, Ltd.		299,818		4,622,330
Macquarie Group, Ltd.		122,007		18,353,347
Seek, Ltd.		263,662		5,801,662
Woodside Petroleum, Ltd.		470,966		11,236,923
				46,651,905
Canada—2.2%
Constellation Software, Inc.		10,251		17,523,007
Ritchie Bros Auctioneers, Inc.		145,833		8,613,613
TC Energy Corp. (a)		206,358		11,638,846
				37,775,466
China—3.8%
China Resources Gas Group, Ltd.		1,606,424		6,794,280
ESR Cayman, Ltd. (b)		3,045,800		9,429,199
JD.com, Inc. - Class A (b)		15,600		456,890
NetEase, Inc. (ADR)		214,957		19,279,493
Prosus NV (b)		92,477		4,895,487
Tencent Holdings, Ltd.		295,300		13,930,892
Yum China Holdings, Inc.		272,513		11,320,190
				66,106,431
Denmark—4.0%
Novo Nordisk A/S - Class B		556,021		61,577,477
Orsted A/S		59,222		7,457,335
				69,034,812
France—5.3%
BNP Paribas S.A. (a)		417,068		23,746,702
Danone S.A.		182,940		10,077,776
Legrand S.A.		199,469		18,962,914
LVMH Moet Hennessy Louis Vuitton SE		55,002		39,165,246
				91,952,638
Germany—7.3%
Adidas AG		83,422		19,480,395
Bayer AG		185,257		12,674,766
Continental AG (b)		91,814		6,622,646
E.ON SE		786,006		9,141,004
GEA Group AG		372,167		15,376,632
Grand City Properties S.A. (a)		612,078		12,251,868
LEG Immobilien SE		174,585		19,937,958
MTU Aero Engines AG		61,775		14,353,207
Symrise AG		140,625		16,882,430
				126,720,906
Greece—0.4%
Hellenic Telecommunications Organization S.A.		416,564		7,536,523
Hong Kong—4.0%
AIA Group, Ltd.		2,323,428		24,324,974
CLP Holdings, Ltd. (a)		942,000		9,179,678
Hong Kong Exchanges & Clearing, Ltd.		360,100		16,970,423
Hong Kong—(Continued)
Techtronic Industries Co., Ltd.		1,151,500		18,550,418
				69,025,493
India—0.8%
HDFC Bank, Ltd.		704,243		13,589,252
Ireland—0.8%
Flutter Entertainment plc (b)		51,456		5,955,883
Ryanair Holdings plc (ADR) (b)		78,985		6,881,173
				12,837,056
Italy—1.0%
Eni S.p.A.		1,197,063		17,550,242
Japan—18.8%
Bridgestone Corp.		236,900		9,168,373
Daikin Industries, Ltd.		120,800		21,994,648
Fujitsu, Ltd.		132,100		19,693,764
Hitachi, Ltd.		580,400		29,082,959
Idemitsu Kosan Co., Ltd. (a)		377,500		10,414,765
Kansai Paint Co., Ltd. (a)		362,000		5,816,184
Kao Corp.		216,800		8,900,017
KDDI Corp. (a)		540,100		17,740,285
Kirin Holdings Co., Ltd.		591,000		8,838,830
Koito Manufacturing Co., Ltd.		290,000		11,740,423
Kubota Corp.		1,030,200		19,314,168
Kyocera Corp.		179,100		10,066,980
Kyowa Kirin Co., Ltd.		702,100		16,288,962
Mitsubishi UFJ Financial Group, Inc. (a)		1,278,600		7,936,493
Nitto Denko Corp. (a)		202,300		14,498,298
Nomura Research Institute, Ltd.		506,200		16,555,395
Persol Holdings Co., Ltd. (a)		288,400		6,464,652
Santen Pharmaceutical Co., Ltd.		1,205,400		12,066,647
Secom Co., Ltd.		55,100		3,992,363
SMC Corp.		40,900		22,843,193
SoftBank Group Corp.		224,100		10,079,373
Sugi Holdings Co., Ltd.		86,700		4,290,480
Terumo Corp.		312,200		9,455,211
Toyota Industries Corp.		204,100		14,048,200
Yamaha Corp. (a)		154,800		6,750,524
ZOZO, Inc. (a)		246,000		6,535,303
				324,576,490
Netherlands—4.7%
Akzo Nobel NV		173,370		14,895,281
ASML Holding NV		8,428		5,621,471
Euronext NV		241,957		21,970,685
Koninklijke Philips NV		492,084		15,054,320
NXP Semiconductors NV		63,870		11,821,060
Wolters Kluwer NV		117,246		12,480,777
				81,843,594
Portugal—1.0%
Galp Energia SGPS S.A.		1,297,288		16,417,051

BHFTI-254

Brighthouse Funds Trust I

MFS Research International Portfolio

Schedule of Investments as of March 31, 2022 (Unaudited)

Common Stocks—(Continued)

Security Description	Shares		Value
South Korea—1.5%
NAVER Corp.		38,288	$	10,706,215
Samsung Electronics Co., Ltd.		273,194		15,606,929
				26,313,144
Spain—2.4%
Amadeus IT Group S.A. (b)		219,303		14,284,521
Cellnex Telecom S.A.		226,488		10,856,033
Iberdrola S.A. (a)		1,553,064		16,904,093
				42,044,647
Switzerland—14.4%
Cie Financiere Richemont S.A. - Class A		129,704		16,452,758
Glencore plc (b)		3,466,477		22,527,834
Julius Baer Group, Ltd.		233,750		13,559,073
Nestle S.A.		434,423		56,397,147
Roche Holding AG		158,972		62,869,501
Schindler Holding AG (Participation Certificate)		60,730		12,947,816
Sika AG		59,616		19,640,894
UBS Group AG		1,296,313		25,326,071
Zurich Insurance Group AG		40,232		19,835,527
				249,556,621
Taiwan—1.1%
Taiwan Semiconductor Manufacturing Co., Ltd.		876,468		18,120,480
Thailand—0.5%
Advanced Info Service PCL (NVDR)		1,122,400		7,865,239
United Kingdom—14.4%
Barclays plc		6,944,815		13,491,062
Beazley plc (b)		1,313,547		7,215,663
British American Tobacco plc		601,018		25,138,413
Burberry Group plc		215,619		4,708,501
Capricorn Energy plc (a) (b)		2,560,721		7,388,849
ConvaTec Group plc		3,161,103		8,903,409
Croda International plc		190,377		19,565,432
Diageo plc		515,442		26,052,084
Hiscox, Ltd.		611,373		7,881,922
Linde plc (a)		139,285		44,883,331
London Stock Exchange Group plc		244,276		25,520,905
NatWest Group plc		7,743,546		21,788,917
Ocado Group plc (b)		192,190		2,937,760
Reckitt Benckiser Group plc		240,442		18,378,662
Weir Group plc (The)		412,478		8,814,977
Whitbread plc (b)		172,647		6,424,714
				249,094,601
United States—7.6%
Aon plc - Class A		108,317		35,271,265
Cadence Design Systems, Inc. (b)		81,392		13,385,728
QIAGEN NV (b)		417,869		20,511,427
Schneider Electric SE		277,254		46,289,342
Visa, Inc. - Class A		74,048		16,421,625
				131,879,387
Total Common Stocks (Cost $1,374,693,531)				1,706,491,978
Warrants—0.0%
Security Description	Shares/ Principal Amount*		Value
Switzerland—0.0%
Cie Financiere Richemont S.A. Expires 11/22/23 (b) (Cost $0)		298,538	$	235,845
Short-Term Investment—1.0%
Repurchase Agreement—1.0%
Fixed Income Clearing Corp. Repurchase Agreement dated 03/31/22 at 0.000%, due on 04/01/22 with a maturity value of $17,475,488; collateralized by U.S. Treasury Note at 0.125%, maturing 04/15/25, with a market value of $17,825,025.		17,475,488		17,475,488
Total Short-Term Investments (Cost $17,475,488)				17,475,488
Securities Lending Reinvestments (c)—2.5%
Repurchase Agreements—1.7%
Barclays Capital, Inc. Repurchase Agreement dated 03/31/22 at 0.240%, due on 04/01/22 with a maturity value of $5,405,851; collateralized by U.S. Treasury Obligations at 0.000%, maturity dates ranging from 02/15/37 - 11/15/48, and an aggregate market value of $5,513,931.		5,405,815		5,405,815
Cantor Fitzgerald & Co. Repurchase Agreement dated 03/31/22 at 0.290%, due on 04/01/22 with a maturity value of $5,000,040; collateralized by U.S. Treasury and U.S. Government Agency Obligations with rates ranging from 0.125% - 8.000%, maturity dates ranging from 09/15/22 - 07/20/71, and an aggregate market value of $5,100,000.		5,000,000		5,000,000
Citigroup Global Markets, Ltd. Repurchase Agreement dated 03/31/22 at 0.300%, due on 04/01/22 with a maturity value of $1,200,010; collateralized by U.S. Treasury and Foreign Obligations with rates ranging from 0.125% - 2.875%, maturity dates ranging from 08/15/23 - 02/15/51, and an aggregate market value of $1,224,000.		1,200,000		1,200,000
National Bank Financial, Inc. Repurchase Agreement dated 03/31/22 at 0.320%, due on 04/01/22 with a maturity value of $5,000,044; collateralized by U.S. Treasury Obligations with rates ranging from 0.125% - 3.000%, maturity dates ranging from 06/30/22 - 02/15/49, and an aggregate market value of $5,102,844.		5,000,000		5,000,000
National Bank of Canada
Repurchase Agreement dated 03/31/22 at 0.320%, due on 04/07/22 with a maturity value of $200,012; collateralized by U.S. Treasury Obligations with rates ranging from 0.000% - 4.500%, maturity dates ranging from 04/14/22 - 08/15/51, and an aggregate market value of $204,114.		200,000		200,000

BHFTI-255

Brighthouse Funds Trust I

MFS Research International Portfolio

Schedule of Investments as of March 31, 2022 (Unaudited)

Securities Lending Reinvestments (c)—(Continued)

Security Description	Principal Amount*		Value
Repurchase Agreements—(Continued)
National Bank of Canada
Repurchase Agreement dated 03/31/22 at 0.450%, due on 04/07/22 with a maturity value of $250,022; collateralized by U.S. Treasury Obligations with rates ranging from 0.500% - 3.000%, maturity dates ranging from 11/30/23 - 08/15/48, and various Common Stock with an aggregate market value of $276,450.		250,000	$	250,000
NBC Global Finance, Ltd. Repurchase Agreement dated 03/31/22 at 0.440%, due on 04/01/22 with a maturity value of $1,500,018; collateralized by U.S. Treasury Obligations with rates ranging from 0.125% - 4.750%, maturity dates ranging from 05/15/24 - 02/15/50, and various Common Stock with an aggregate market value of $1,665,565.		1,500,000		1,500,000
Societe Generale
Repurchase Agreement dated 03/31/22 at 0.360%, due on 04/01/22 with a maturity value of $2,100,021; collateralized by various Common Stock with an aggregate market value of $2,333,526.		2,100,000		2,100,000
Repurchase Agreement dated 03/31/22 at 0.360%, due on 04/01/22 with a maturity value of $1,200,012; collateralized by various Common Stock with an aggregate market value of $1,333,444.		1,200,000		1,200,000
Repurchase Agreement dated 03/31/22 at 0.410%, due on 04/01/22 with a maturity value of $3,000,034; collateralized by various Common Stock with an aggregate market value of $3,333,869.		3,000,000		3,000,000
Repurchase Agreement dated 03/31/22 at 0.420%, due on 04/07/22 with a maturity value of $700,057; collateralized by various Common Stock with an aggregate market value of $777,903.		700,000		700,000
TD Prime Services LLC Repurchase Agreement dated 03/31/22 at 0.400%, due on 04/01/22 with a maturity value of $4,000,044; collateralized by various Common Stock with an aggregate market value of $4,632,753.		4,000,000		4,000,000
				29,555,815
Time Deposits—0.3%
Canadian Imperial Bank of Commerce 0.320%, 04/01/22		1,000,000		1,000,000
DZ Bank AG (NY) 0.300%, 04/01/22		1,000,000		1,000,000
Rabobank (New York) 0.310%, 04/01/22		1,000,000		1,000,000
Skandi (NY) 0.300%, 04/01/22		1,000,000		1,000,000
Svenska (NY) 0.260%, 04/01/22		1,000,000		1,000,000
				5,000,000
Mutual Funds—0.5%
Allspring Government Money Market Fund, Select Class  0.180% (d)		500,000		500,000
BlackRock Liquidity Funds FedFund, Institutional Shares 0.230% (d)		1,000,000		1,000,000
Fidelity Government Portfolio, Institutional Class 0.160% (d)		700,000		700,000
Morgan Stanley Liquidity Funds Government Portfolio, Institutional Shares 0.230% (d)		4,000,000		4,000,000
STIT-Government & Agency Portfolio, Institutional Class  0.250% (d)		1,000,000		1,000,000
				7,200,000
Total Securities Lending Reinvestments (Cost $41,755,815)				41,755,815
Total Investments—102.2% (Cost $1,433,924,834)				1,765,959,126
Other assets and liabilities (net)—(2.2)%				(37,199,532	)
Net Assets—100.0%			$	1,728,759,594

*	Principal amount stated in U.S. dollars unless otherwise noted.
(a)	All or a portion of the security was held on loan. As of March 31, 2022, the market value of securities loaned was $68,184,249 and the collateral received consisted of cash in the amount of $41,755,815 and non-cash collateral with a value of $30,651,280. 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 March 31, 2022.
(d)	The rate shown represents the annualized seven-day yield as of March 31, 2022.

Ten Largest Industries as of March 31, 2022 (Unaudited)	% of Net Assets
Pharmaceuticals		9.6
Chemicals		7.9
Capital Markets		7.0
Machinery		6.5
Insurance		5.5
Banks		4.7
Textiles, Apparel & Luxury Goods		4.6
Oil, Gas & Consumable Fuels		4.3
IT Services		3.9
Food Products		3.8

Glossary of Abbreviations

Other Abbreviations

(NVDR)—	Non-Voting Depository Receipts
(ADR)—	American Depositary Receipt

BHFTI-256

Brighthouse Funds Trust I

MFS Research International Portfolio

Schedule of Investments as of March 31, 2022 (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 March 31, 2022:

Description	Level 1		Level 2			Level 3		Total
Common Stocks
Australia	$	—	$	46,651,905		$	—	$	46,651,905
Canada		37,775,466		—			—		37,775,466
China		30,599,683		35,506,748			—		66,106,431
Denmark		—		69,034,812			—		69,034,812
France		—		91,952,638			—		91,952,638
Germany		—		126,720,906			—		126,720,906
Greece		—		7,536,523			—		7,536,523
Hong Kong		—		69,025,493			—		69,025,493
India		—		13,589,252			—		13,589,252
Ireland		6,881,173		5,955,883			—		12,837,056
Italy		—		17,550,242			—		17,550,242
Japan		—		324,576,490			—		324,576,490
Netherlands		11,821,060		70,022,534			—		81,843,594
Portugal		—		16,417,051			—		16,417,051
South Korea		—		26,313,144			—		26,313,144
Spain		—		42,044,647			—		42,044,647
Switzerland		—		249,556,621			—		249,556,621
Taiwan		—		18,120,480			—		18,120,480
Thailand		7,865,239		—			—		7,865,239
United Kingdom		—		249,094,601			—		249,094,601
United States		65,078,618		66,800,769			—		131,879,387
Total Common Stocks		160,021,239		1,546,470,739			—		1,706,491,978
Total Warrants*		235,845		—			—		235,845
Total Short-Term Investment*		—		17,475,488			—		17,475,488
Securities Lending Reinvestments
Repurchase Agreements		—		29,555,815			—		29,555,815
Time Deposits		—		5,000,000			—		5,000,000
Mutual Funds		7,200,000		—			—		7,200,000
Total Securities Lending Reinvestments		7,200,000		34,555,815			—		41,755,815
Total Investments	$	167,457,084	$	1,598,502,042		$	—	$	1,765,959,126
Collateral for Securities Loaned (Liability)	$	—	$	(41,755,815	)	$	—	$	(41,755,815	)

* See Schedule of Investments for additional detailed categorizations.

BHFTI-257

Brighthouse Funds Trust I

Morgan Stanley Discovery Portfolio

Schedule of Investments as of March 31, 2022 (Unaudited)

Common Stocks—94.6% of Net Assets

Security Description	Shares		Value
Biotechnology—0.4%
Intellia Therapeutics, Inc. (a) (b)		85,822	$	6,236,685
Capital Markets—1.4%
Coinbase Global, Inc. - Class A (a)		116,949		22,203,937
Chemicals—0.2%
Ginkgo Bioworks Holdings, Inc. (a) (b)		933,915		3,763,677
Commercial Services & Supplies—0.3%
Aurora Innovation, Inc. (a)		813,259		4,546,118
Consumer Finance—2.2%
Upstart Holdings, Inc. (a) (b)		309,548		33,768,591
Entertainment—3.6%
ROBLOX Corp. - Class A (a)		1,209,316		55,918,772
Health Care Providers & Services—4.3%
Agilon Health, Inc. (a) (b)		2,099,732		53,228,206
Guardant Health, Inc. (a) (b)		199,317		13,202,758
				66,430,964
Health Care Technology—8.9%
Doximity, Inc. - Class A (a) (b)		972,291		50,646,638
GoodRx Holdings, Inc. - Class A (a) (b)		2,139,832		41,362,953
Veeva Systems, Inc. - Class A (a)		213,206		45,297,747
				137,307,338
Interactive Media & Services—6.7%
Twitter, Inc. (a) (b)		999,274		38,661,911
ZoomInfo Technologies, Inc. - Class A (a)		1,079,401		64,483,416
				103,145,327
Internet & Direct Marketing Retail—10.9%
Chewy, Inc. - Class A (a) (b)		949,487		38,720,080
DoorDash, Inc. - Class A (a) (b)		693,282		81,245,718
Farfetch, Ltd. - Class A (a) (b)		835,269		12,629,267
Wayfair, Inc. - Class A (a) (b)		331,367		36,708,836
				169,303,901
IT Services—23.8%
Affirm Holdings, Inc. (a) (b)		1,504,961		69,649,595
Cloudflare, Inc. - Class A (a) (b)		1,086,307		130,030,948
MongoDB, Inc. (a) (b)		231,263		102,585,954
Okta, Inc. (a)		433,715		65,473,617
				367,740,114
Leisure Products—2.3%
Peloton Interactive, Inc. - Class A (a) (b)		1,339,178		35,381,083
Life Sciences Tools & Services—1.4%
10X Genomics, Inc. - Class A (a) (b)		292,704		22,265,993
Pharmaceuticals—3.8%
Royalty Pharma plc - Class A (b)		1,526,418		59,469,245
Real Estate Management & Development—0.3%
Redfin Corp. (a) (b)		218,549		3,942,624
Road & Rail—0.8%
Grab Holdings, Ltd. - Class A (a) (b)		3,647,106		12,764,871
Software—20.5%
Bill.com Holdings, Inc. (a) (b)		339,522		77,000,195
Cipher Mining, Inc. (a) (b)		1,260,988		4,589,996
Confluent, Inc. - Class A (a) (b)		362,897		14,878,777
Datadog, Inc. - Class A (a) (b)		477,703		72,357,674
MicroStrategy, Inc. - Class A (a) (b)		16,184		7,870,603
Qualtrics International, Inc. - Class A (a) (b)		259,766		7,416,319
Trade Desk, Inc. (The) - Class A (a) (b)		1,072,621		74,279,004
UiPath, Inc. - Class A (a) (b)		205,446		4,435,579
Unity Software, Inc. (a)		543,234		53,894,245
				316,722,392
Special Purpose Acquisition Companies - 0.3%
Social Capital Suvretta Holding Corp. III † (a) (c)		497,653		4,425,130
Specialty Retail—2.5%
Carvana Co. (a) (b)		329,832		39,345,659
Total Common Stocks (Cost $1,708,550,153)				1,464,682,421
Convertible Preferred Stock—0.8%
Software—0.8%
Databricks, Inc. - Series H † (a) (c) (d) (Cost $16,889,079)		76,611		12,708,233
Warrants—0.0%
Chemicals—0.0%
Ginkgo Bioworks Holding, Inc., Expires 08/01/26 (a) (Cost $348,553)		104,671		92,142
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—5.1%
Repurchase Agreement—5.1%
Fixed Income Clearing Corp. Repurchase Agreement dated 03/31/22 at 0.000%, due on 04/01/22 with a maturity value of $78,593,720; collateralized by U.S. Treasury Note at 0.125%, maturing 04/15/25, with a market value of $80,165,609.		78,593,720		78,593,720
Total Short-Term Investments (Cost $78,593,720)				78,593,720

BHFTI-258

Brighthouse Funds Trust I

Morgan Stanley Discovery Portfolio

Schedule of Investments as of March 31, 2022 (Unaudited)

Securities Lending Reinvestments (e)—27.7%

Security Description	Principal Amount*		Value
Certificates of Deposit—10.6%
Bank of Montreal 0.300%, 06/02/22		12,000,000	$	11,991,192
Bank of Nova Scotia 0.320%, 06/07/22		10,000,000		9,991,840
0.400%, SOFR + 0.130%, 07/07/22 (f)		3,000,000		3,000,000
0.520%, SOFR + 0.250%, 02/17/23 (f)		4,000,000		3,991,110
Barclays Bank plc 0.180%, 04/07/22		20,000,000		19,999,260
BNP Paribas S.A. 0.490%, SOFR + 0.220%, 11/17/22 (f)		5,000,000		4,992,960
Canadian Imperial Bank of Commerce (NY) 0.520%, SOFR + 0.250%, 02/03/23 (f)		5,000,000		4,992,576
Credit Agricole S.A. 0.590%, 05/24/22		5,000,000		4,999,400
Credit Industriel et Commercial Zero Coupon, 04/14/22		15,000,000		14,997,450
Credit Industriel et Commercial (NY) 0.480%, SOFR + 0.210%, 11/08/22 (f)		3,000,000		2,994,465
Credit Suisse Group AG 0.830%, 06/03/22		12,000,000		12,002,208
Goldman Sachs Bank USA 0.470%, SOFR + 0.190%, 09/02/22 (f)		10,000,000		9,987,260
Mizuho Bank, Ltd. 0.250%, 05/05/22		5,000,000		4,998,455
National Australia Bank, Ltd. Zero Coupon, 04/25/22		5,000,000		4,998,200
Natixis S.A. (New York) 0.330%, 06/09/22		2,000,000		1,998,308
Oversea-Chinese Banking Corp., Ltd. Zero Coupon, 04/14/22		2,500,000		2,499,575
Royal Bank of Canada 0.520%, SOFR + 0.250%, 01/11/23 (f)		16,000,000		15,962,592
Standard Chartered Bank (NY) 0.460%, SOFR + 0.190%, 08/25/22 (f)		7,000,000		6,994,283
Sumitomo Mitsui Banking Corp. 0.450%, SOFR + 0.180%, 08/09/22 (f)		5,000,000		4,995,115
Sumitomo Mitsui Trust Bank, Ltd. Zero Coupon, 04/19/22		7,000,000		6,998,250
Westpac Banking Corp. 0.500%, SOFR + 0.230%, 02/17/23 (f)		10,000,000		9,968,730
				163,353,229
Commercial Paper—0.6%
Macquarie Bank Ltd. 0.510%, SOFR + 0.230%, 08/04/22 (f)		5,000,000		4,996,155
Skandinaviska Enskilda Banken AB 0.200%, 04/28/22		5,000,000		4,998,100
				9,994,255
Repurchase Agreements—13.0%
Barclays Capital, Inc. Repurchase Agreement dated 03/31/22 at 0.240%, due on 04/01/22 with a maturity value of $10,000,067; collateralized by U.S. Treasury Obligations at 0.000%, maturity dates ranging from 02/15/37 - 11/15/48, and an aggregate market value of $10,200,000.		10,000,000		10,000,000
Repurchase Agreements —(Continued)
BofA Securities, Inc.
Repurchase Agreement dated 03/31/22 at 0.600%, due on 04/18/22 with a maturity value of $4,001,200; collateralized by U.S. Treasury Obligations with rates ranging from 0.000% - 2.250%, maturity dates ranging from 07/21/22 - 08/15/49, and various Common Stock with an aggregate market value of $4,233,678.		4,000,000	$	4,000,000
Repurchase Agreement dated 03/31/22 at 0.600%, due on 05/05/22 with a maturity value of $6,003,500; collateralized by U.S. Treasury Obligations with rates ranging from 0.000% - 7.500%, maturity dates ranging from 04/21/22 - 08/15/51, and various Common Stock with an aggregate market value of $6,311,342.		6,000,000		6,000,000
Citigroup Global Markets, Inc.
Repurchase Agreement dated 03/31/22 at 0.620%, due on 05/05/22 with a maturity value of $2,001,206; collateralized by U.S. Treasury Obligations with rates ranging from 1.375% - 4.375%, maturity dates ranging from 02/15/39 - 05/15/47, and various Common Stock with an aggregate market value of $2,040,269.		2,000,000		2,000,000
Repurchase Agreement dated 03/31/22 at 0.620%, due on 05/05/22 with a maturity value of $15,009,042; collateralized by U.S. Treasury Obligations with rates ranging from 0.000% - 3.875%, maturity dates ranging from 04/21/22 - 05/15/51, and various Common Stock with an aggregate market value of $16,050,914.		15,000,000		15,000,000
Citigroup Global Markets, Ltd. Repurchase Agreement dated 03/31/22 at 0.300%, due on 04/01/22 with a maturity value of $4,600,038; collateralized by U.S. Treasury and Foreign Obligations with rates ranging from 0.125% - 2.875%, maturity dates ranging from 08/15/23 - 02/15/51, and an aggregate market value of $4,692,001.		4,600,000		4,600,000
ING Financial Markets LLC Repurchase Agreement dated 03/31/22 at 0.260%, due on 04/01/22 with a maturity value of $16,783,122; collateralized by U.S. Government Agency Obligations with rates ranging from 0.350% - 6.625%, maturity dates ranging from 04/05/22 - 11/15/30, and an aggregate market value of $17,118,772.		16,783,000		16,783,000
National Bank Financial, Inc. Repurchase Agreement dated 03/31/22 at 0.320%, due on 04/01/22 with a maturity value of $1,400,012; collateralized by U.S. Treasury Obligations with rates ranging from 0.125% - 3.000%, maturity dates ranging from 06/30/22 - 02/15/49, and an aggregate market value of $1,428,796.		1,400,000		1,400,000
National Bank of Canada
Repurchase Agreement dated 03/31/22 at 0.320%, due on 04/07/22 with a maturity value of $28,701,786; collateralized by U.S. Treasury Obligations with rates ranging from 0.000% - 4.500%, maturity dates ranging from 04/14/22 - 08/15/51, and an aggregate market value of $29,290,327.		28,700,000		28,700,000

BHFTI-259

Brighthouse Funds Trust I

Morgan Stanley Discovery Portfolio

Schedule of Investments as of March 31, 2022 (Unaudited)

Securities Lending Reinvestments (e)—(Continued)

Security Description	Principal Amount*		Value
Repurchase Agreements—(Continued)
National Bank of Canada Repurchase Agreement dated 03/31/22 at 0.450%, due on 04/07/22 with a maturity value of $40,003,500; collateralized by U.S. Treasury Obligations with rates ranging from 0.500% - 3.000%, maturity dates ranging from 11/30/23 - 08/15/48, and various Common Stock with an aggregate market value of $44,231,948.		40,000,000	$	40,000,000
NBC Global Finance, Ltd.
Repurchase Agreement dated 03/31/22 at 0.440%, due on 04/01/22 with a maturity value of $7,000,086; collateralized by U.S. Treasury Obligations with rates ranging from 0.125% - 4.750%, maturity dates ranging from 05/15/24 - 02/15/50, and various Common Stock with an aggregate market value of $7,772,636.		7,000,000		7,000,000
Repurchase Agreement dated 03/31/22 at 0.485%, due on 04/07/22 with a maturity value of $6,700,632; collateralized by U.S. Treasury Obligations with rates ranging from 0.125% - 4.750%, maturity dates ranging from 05/15/24 - 02/15/50, and various Common Stock with an aggregate market value of $7,439,523.		6,700,000		6,700,000
Royal Bank of Canada Toronto Repurchase Agreement dated 03/31/22 at 0.320%, due on 05/05/22 with a maturity value of $10,005,542; collateralized by various Common Stock with an aggregate market value of $11,111,287.		10,000,000		10,000,000
Societe Generale
Repurchase Agreement dated 03/31/22 at 0.300%, due on 04/01/22 with a maturity value of $10,000,083; collateralized by U.S. Treasury Obligations with rates ranging from 0.125% - 3.000%, maturity dates ranging from 04/30/22 - 02/15/49, and an aggregate market value of $10,200,767.		10,000,000		10,000,000
Repurchase Agreement dated 03/31/22 at 0.360%, due on 04/01/22 with a maturity value of $10,000,100; collateralized by various Common Stock with an aggregate market value of $11,112,029.		10,000,000		10,000,000
Repurchase Agreement dated 03/31/22 at 0.380%, due on 04/01/22 with a maturity value of $1,800,019; collateralized by various Common Stock with an aggregate market value of $2,000,165.		1,800,000		1,800,000
Repurchase Agreement dated 03/31/22 at 0.410%, due on 04/01/22 with a maturity value of $15,000,171; collateralized by various Common Stock with an aggregate market value of $16,669,346.		15,000,000		15,000,000
Repurchase Agreement dated 03/31/22 at 0.420%, due on 04/07/22 with a maturity value of $9,200,751; collateralized by various Common Stock with an aggregate market value of $10,223,865.		9,200,000		9,200,000
TD Prime Services LLC Repurchase Agreement dated 03/31/22 at 0.400%, due on 04/01/22 with a maturity value of $3,000,033; collateralized by various Common Stock with an aggregate market value of $3,474,565.		3,000,000		3,000,000
				201,183,000
Time Deposits—3.2%
Australia New Zealand Banking Group, Ltd 0.310%, 04/01/22		10,000,000		10,000,000
DZ Bank AG (NY) 0.300%, 04/01/22		10,000,000		10,000,000
First Abu Dhabi Bank USA NV 0.310%, 04/01/22		4,000,000		4,000,000
National Bank of Canada 0.370%, OBFR + 0.050%, 04/07/22 (f)		15,000,000		15,000,000
Skandi (NY) 0.300%, 04/01/22		10,000,000		10,000,000
				49,000,000
Mutual Funds—0.3%
Goldman Sachs Financial Square Government Fund, Institutional Shares 0.250% (g)		5,000,000		5,000,000
Total Securities Lending Reinvestments (Cost $428,679,915)				428,530,484
Total Purchased Options—0.1% (h) (Cost $7,548,849)				837,186
Total Investments—128.3% (Cost $2,240,610,269)				1,985,469,119
Other assets and liabilities (net)—(28.3)%				(437,891,094	)
Net Assets—100.0%			$	1,547,578,025

*	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 March 31, 2022, the market value of restricted securities was $17,158,296 which is 1.1% 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 March 31, 2022, the market value of securities loaned was $470,596,553 and the collateral received consisted of cash in the amount of $428,651,954 and non-cash collateral with a value of $63,961,359. 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 March 31, 2022, these securities represent 1.1% 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 March 31, 2022.
(f)	Variable or floating rate security. The stated rate represents the rate at March 31, 2022. 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-

BHFTI-260

Brighthouse Funds Trust I

Morgan Stanley Discovery Portfolio

Schedule of Investments as of March 31, 2022 (Unaudited)

	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 March 31, 2022.
(h)	For a breakout of open positions, see details shown in the Purchased Options table that follows.

Restricted Securities	Acquisition Date		Shares		Cost		Value
Databricks, Inc. Series H		08/31/21		76,611	$	16,889,079	$	12,708,233
Flipkart Escrow Receivable		08/20/18		60,812		—		24,933
Social Capital Suvretta Holding Corp. III		01/18/22		497,653		4,976,530		4,425,130
							$	17,158,296

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	7.275	JPMC		07/22/22		537,625,611		USD	537,625,611	$	2,504,712	$	130,105	$	(2,374,607	)
USD Call/CNH Put		CNH	7.375	JPMC		07/27/22		154,567,411		USD	154,567,411		819,980		33,387		(786,593	)
USD Call/CNH Put		CNH	7.310	JPMC		08/05/22		240,447,105		USD	240,447,105		1,633,117		71,894		(1,561,223	)
USD Call/CNH Put		CNH	7.270	GSI		11/10/22		539,730,955		USD	539,730,955		2,591,040		601,800		(1,989,240	)
Totals												$	7,548,849	$	837,186	$	(6,711,663	)

Glossary of Abbreviations

Counterparties

(GSI)—	Goldman Sachs International
(JPMC)—	JPMorgan Chase Bank N.A.

Currencies

(CNH)—	Chinese Renminbi
(USD)—	United States Dollar

Index Abbreviations

(OBFR)—	U.S. Overnight Bank Funding Rate
(SOFR)—	Secured Overnight Financing Rate

BHFTI-261

Brighthouse Funds Trust I

Morgan Stanley Discovery Portfolio

Schedule of Investments as of March 31, 2022 (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 March 31, 2022:

Description	Level 1		Level 2			Level 3		Total
Common Stocks
Biotechnology	$	6,236,685	$	—		$	—	$	6,236,685
Capital Markets		22,203,937		—			—		22,203,937
Chemicals		3,763,677		—			—		3,763,677
Commercial Services & Supplies		4,546,118		—			—		4,546,118
Consumer Finance		33,768,591		—			—		33,768,591
Entertainment		55,918,772		—			—		55,918,772
Health Care Providers & Services		66,430,964		—			—		66,430,964
Health Care Technology		137,307,338		—			—		137,307,338
Interactive Media & Services		103,145,327		—			—		103,145,327
Internet & Direct Marketing Retail		169,303,901		—			—		169,303,901
IT Services		367,740,114		—			—		367,740,114
Leisure Products		35,381,083		—			—		35,381,083
Life Sciences Tools & Services		22,265,993		—			—		22,265,993
Pharmaceuticals		59,469,245		—			—		59,469,245
Real Estate Management & Development		3,942,624		—			—		3,942,624
Road & Rail		12,764,871		—			—		12,764,871
Software		316,722,392		—			—		316,722,392
Special Purpose Acquisition Companies		—		4,425,130			—		4,425,130
Specialty Retail		39,345,659		—			—		39,345,659
Total Common Stocks		1,460,257,291		4,425,130			—		1,464,682,421
Total Convertible Preferred Stock*		—		—			12,708,233		12,708,233
Total Warrants*		92,142		—			—		92,142
Total Escrow Shares*		—		—			24,933		24,933
Total Short-Term Investment*		—		78,593,720			—		78,593,720
Securities Lending Reinvestments
Certificates of Deposit		—		163,353,229			—		163,353,229
Commercial Paper		—		9,994,255			—		9,994,255
Repurchase Agreements		—		201,183,000			—		201,183,000
Time Deposits		—		49,000,000			—		49,000,000
Mutual Funds		5,000,000		—			—		5,000,000
Total Securities Lending Reinvestments		5,000,000		423,530,484			—		428,530,484
Total Purchased Options at Value		—		837,186			—		837,186
Total Investments	$	1,465,349,433	$	507,386,520		$	12,733,166	$	1,985,469,119
Collateral for Securities Loaned (Liability)	$	—	$	(428,651,954	)	$	—	$	(428,651,954	)

* 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 March 31, 2022 is not presented.

BHFTI-262

Brighthouse Funds Trust I

PanAgora Global Diversified Risk Portfolio

Consolidated Schedule of Investments as of March 31, 2022 (Unaudited)

Foreign Government—24.7% of Net Assets

Security Description	Shares/ Principal Amount*		Value
Sovereign—24.7%
Deutsche Bundesrepublik Inflation Linked Bond 0.500%, 04/15/30 (EUR) (a)		8,147,451	$	11,153,118
French Republic Government Bond OAT 3.400%, 07/25/29 (EUR) (a)		8,733,335		13,727,669
Italy Buoni Poliennali Del Tesoro 1.250%, 09/15/32 (144A) (EUR) (a)		4,783,130		6,232,400
2.600%, 09/15/23 (144A) (EUR) (a)		1,759,422		2,168,829
United Kingdom Gilt Inflation Linked Bond 0.625%, 03/22/40 (GBP) (a)		11,371,420		24,387,132
Total Foreign Government (Cost $58,300,591)				57,669,148
Common Stocks—22.0%
Aerospace & Defense—0.2%
Boeing Co. (The) (b)		188		36,002
CAE, Inc. (b)		1,347		35,061
Elbit Systems, Ltd.		165		36,121
Howmet Aerospace, Inc.		1,125		40,432
Huntington Ingalls Industries, Inc.		246		49,062
Lockheed Martin Corp.		59		26,043
MTU Aero Engines AG		22		5,112
Northrop Grumman Corp.		68		30,411
Raytheon Technologies Corp.		372		36,854
Rolls-Royce Holdings plc (b)		3,891		5,116
Safran S.A.		66		7,757
Textron, Inc.		698		51,917
TransDigm Group, Inc. (b)		62		40,395
				400,283
Air Freight & Logistics—0.0%
DSV A/S		67		12,812
Expeditors International of Washington, Inc.		329		33,940
FedEx Corp.		223		51,600
InPost S.A. (b)		821		5,160
Yamato Holdings Co., Ltd.		600		11,232
				114,744
Airlines—0.1%
Air Canada (b)		1,039		20,154
Alaska Air Group, Inc. (b)		779		45,190
ANA Holdings, Inc. (b)		1,300		27,141
Delta Air Lines, Inc. (b)		1,034		40,915
Southwest Airlines Co. (b)		1,116		51,113
				184,513
Auto Components—0.1%
Aptiv plc (b)		334		39,983
Bridgestone Corp.		600		23,221
Denso Corp.		300		19,143
Magna International, Inc.		373		23,947
Stanley Electric Co., Ltd.		600		11,331
Sumitomo Electric Industries, Ltd.		900		10,704
				128,329
Automobiles—0.1%
Bayerische Motoren Werke AG		200		17,323
Ferrari NV		293		64,074
General Motors Co. (b)		969		42,384
Honda Motor Co., Ltd.		400		11,367
Isuzu Motors, Ltd.		800		10,335
Renault S.A. (b)		537		14,037
Stellantis NV (Milan-Traded Shares)		854		13,849
Subaru Corp.		900		14,297
Toyota Motor Corp.		1,100		19,705
				207,371
Banks—0.5%
ABN AMRO Bank NV		1,431		18,307
Banco Bilbao Vizcaya Argentaria S.A.		6,263		35,810
Banco Santander S.A.		2,376		8,062
Bank Leumi Le-Israel B.M.		2,343		25,152
Bank of America Corp.		695		28,648
Bank of Montreal		294		34,596
Bank of Nova Scotia (The)		409		29,314
CaixaBank S.A.		2,479		8,355
Canadian Imperial Bank of Commerce		295		35,809
Chiba Bank, Ltd. (The)		1,300		7,663
Citigroup, Inc.		556		29,690
Citizens Financial Group, Inc.		656		29,736
Comerica, Inc.		439		39,699
Commonwealth Bank of Australia		215		16,882
Credit Agricole S.A.		3,676		43,918
Danske Bank A/S		833		13,767
Fifth Third Bancorp		693		29,827
Hang Seng Bank, Ltd.		800		15,388
HSBC Holdings plc (Hong Kong-Traded Shares)		6,711		45,984
Huntington Bancshares, Inc.		1,176		17,193
ING Groep NV		1,346		14,067
Israel Discount Bank, Ltd. - Class A		1,713		10,644
Japan Post Bank Co., Ltd.		2,200		17,719
KeyCorp		1,042		23,320
Mitsubishi UFJ Financial Group, Inc.		3,700		22,966
Mizrahi Tefahot Bank, Ltd.		747		29,058
Mizuho Financial Group, Inc.		1,950		24,960
People’s United Financial, Inc.		2,608		52,134
Raiffeisen Bank International AG		458		6,474
Regions Financial Corp.		748		16,650
Resona Holdings, Inc.		7,900		33,830
Shizuoka Bank, Ltd. (The)		1,700		12,006
Signature Bank		101		29,642
Skandinaviska Enskilda Banken AB - Class A		1,128		12,214
Sumitomo Mitsui Financial Group, Inc.		900		28,723
Sumitomo Mitsui Trust Holdings, Inc.		1,400		45,737
SVB Financial Group (b)		28		15,665
Toronto-Dominion Bank (The)		524		41,575
Truist Financial Corp.		478		27,103
U.S. Bancorp		317		16,848
Wells Fargo & Co.		886		42,936
Zions Bancorp N.A.		733		48,055
				1,086,126

BHFTI-263

Brighthouse Funds Trust I

PanAgora Global Diversified Risk Portfolio

Consolidated Schedule of Investments as of March 31, 2022 (Unaudited)

Common Stocks—(Continued)

Security Description	Shares		Value
Beverages—0.5%
Anheuser-Busch InBev S.A.		867	$	52,002
Asahi Group Holdings, Ltd.		1,200		43,564
Brown-Forman Corp. - Class B		1,501		100,597
Budweiser Brewing Co. APAC, Ltd.		1,800		4,777
Carlsberg AS - Class B		492		60,070
Coca-Cola Co. (The)		2,050		127,100
Coca-Cola Europacific Partners plc		472		22,944
Coca-Cola HBC AG		2,044		42,626
Constellation Brands, Inc. - Class A		385		88,673
Davide Campari-Milano NV		2,465		28,673
Diageo plc		846		42,760
Heineken Holding NV		193		15,105
Heineken NV		157		14,968
Ito En, Ltd.		1,300		63,785
Kirin Holdings Co., Ltd.		900		13,460
Molson Coors Beverage Co. - Class B		1,770		94,483
Monster Beverage Corp. (b)		1,123		89,728
PepsiCo, Inc.		741		124,029
Pernod Ricard S.A.		78		17,107
Remy Cointreau S.A.		156		32,141
Suntory Beverage & Food, Ltd.		900		34,319
Treasury Wine Estates, Ltd.		3,529		30,229
				1,143,140
Biotechnology—0.2%
AbbVie, Inc.		426		69,059
Amgen, Inc.		302		73,030
Argenx SE (b)		130		40,878
Biogen, Inc. (b)		210		44,226
CSL, Ltd.		131		26,016
Genmab A/S (b)		93		33,690
Gilead Sciences, Inc.		886		52,673
Grifols S.A.		1,405		25,416
Incyte Corp. (b)		756		60,041
Moderna, Inc. (b)		233		40,137
Regeneron Pharmaceuticals, Inc. (b)		72		50,286
Vertex Pharmaceuticals, Inc. (b)		224		58,457
				573,909
Building Products—0.2%
A.O. Smith Corp.		696		44,468
AGC, Inc.		200		7,993
Allegion plc		514		56,427
Assa Abloy AB - Class B		828		22,326
Carrier Global Corp.		960		44,035
Fortune Brands Home & Security, Inc.		757		56,230
Johnson Controls International plc		346		22,687
Kingspan Group plc		374		36,350
Lixil Corp.		2,500		46,523
Masco Corp.		1,554		79,254
Rockwool International A/S - B Shares		29		9,578
TOTO, Ltd.		400		16,067
Trane Technologies plc		162		24,737
Xinyi Glass Holdings, Ltd.		10,000		24,023
				490,698
Capital Markets—0.4%
Ameriprise Financial, Inc.		105		31,538
Amundi S.A.		153		10,440
ASX, Ltd.		323		19,606
Bank of New York Mellon Corp. (The)		1,024		50,821
Brookfield Asset Management, Inc. - Class A		582		32,905
Cboe Global Markets, Inc.		356		40,733
CME Group, Inc.		61		14,509
Credit Suisse Group AG		2,008		15,843
Daiwa Securities Group, Inc.		3,000		16,987
Deutsche Boerse AG		142		25,509
EQT AB		362		14,176
Franklin Resources, Inc.		1,223		34,146
Goldman Sachs Group, Inc. (The)		183		60,408
Hargreaves Lansdown plc		2,100		27,668
Intercontinental Exchange, Inc.		152		20,082
Japan Exchange Group, Inc.		2,400		44,719
London Stock Exchange Group plc		387		40,432
MarketAxess Holdings, Inc.		114		38,783
Moody’s Corp.		68		22,944
Morgan Stanley		307		26,832
MSCI, Inc.		84		42,242
Nomura Holdings, Inc.		1,300		5,448
Northern Trust Corp.		175		20,379
Raymond James Financial, Inc.		276		30,335
S&P Global, Inc.		75		30,763
Singapore Exchange, Ltd.		2,400		17,600
St. James’s Place plc		3,307		62,352
State Street Corp.		409		35,632
T. Rowe Price Group, Inc.		106		16,026
TMX Group, Ltd.		572		58,831
UBS Group AG		1,081		21,119
				929,808
Chemicals—0.9%
Air Liquide S.A.		102		17,844
Air Products & Chemicals, Inc.		346		86,469
Akzo Nobel NV		262		22,510
Albemarle Corp.		313		69,220
Arkema S.A.		111		13,243
Celanese Corp.		553		79,007
CF Industries Holdings, Inc.		1,019		105,018
Chr Hansen Holding A/S		1,745		128,235
Clariant AG		402		6,961
Corteva, Inc.		2,651		152,380
Covestro AG		1,079		54,520
Croda International plc		383		39,362
Dow, Inc.		1,329		84,684
DuPont de Nemours, Inc.		947		69,680
Eastman Chemical Co.		621		69,589
Ecolab, Inc.		467		82,454
EMS-Chemie Holding AG		17		16,446
FMC Corp.		862		113,413
Givaudan S.A.		8		32,932
International Flavors & Fragrances, Inc.		640		84,051
Johnson Matthey plc		2,766		67,778
JSR Corp.		200		5,897

BHFTI-264

Brighthouse Funds Trust I

PanAgora Global Diversified Risk Portfolio

Consolidated Schedule of Investments as of March 31, 2022 (Unaudited)

Common Stocks—(Continued)

Security Description	Shares		Value
Chemicals—(Continued)
LANXESS AG		1,357	$	60,013
Linde plc		132		42,165
LyondellBasell Industries NV - Class A		727		74,750
Mitsubishi Chemical Holdings Corp.		2,600		17,300
Mitsui Chemicals, Inc.		500		12,595
Mosaic Co. (The)		1,550		103,075
Nippon Paint Holdings Co., Ltd.		1,775		15,576
Nippon Sanso Holdings Corp.		800		15,201
Nissan Chemical Corp.		300		17,607
Novozymes A/S - B Shares		354		24,228
Nutrien, Ltd.		331		34,213
Orica, Ltd.		5,117		60,598
PPG Industries, Inc.		292		38,272
Sherwin-Williams Co. (The)		367		91,611
Sika AG		62		20,426
Solvay S.A.		129		12,701
Sumitomo Chemical Co., Ltd.		4,000		18,336
Symrise AG		201		24,131
Toray Industries, Inc.		2,200		11,467
Tosoh Corp.		1,000		14,788
Umicore S.A.		1,310		56,588
Yara International ASA		278		13,863
				2,181,197
Commercial Services & Supplies—0.1%
Brambles, Ltd.		1,541		11,363
Copart, Inc. (b)		403		50,564
GFL Environmental, Inc.		1,096		35,646
Rentokil Initial plc		1,860		12,811
Republic Services, Inc.		273		36,173
Ritchie Bros Auctioneers, Inc.		246		14,530
Rollins, Inc.		2,171		76,094
Sohgo Security Services Co., Ltd.		1,000		32,656
Waste Management, Inc.		145		22,983
				292,820
Communications Equipment—0.1%
Arista Networks, Inc. (b)		216		30,020
Cisco Systems, Inc.		486		27,100
F5, Inc. (b)		138		28,835
Juniper Networks, Inc.		721		26,792
Motorola Solutions, Inc.		214		51,831
Nokia Oyj (b)		3,722		20,489
Telefonaktiebolaget LM Ericsson - B Shares		2,475		22,646
				207,713
Construction & Engineering—0.1%
ACS Actividades de Construccion y Servicios S.A.		414		11,129
Ferrovial S.A.		334		8,842
Quanta Services, Inc.		222		29,217
Vinci S.A.		59		6,032
WSP Global, Inc.		574		76,177
				131,397
Construction Materials—0.1%
CRH plc		482		19,299
HeidelbergCement AG		232		13,268
Holcim, Ltd. (b)		321		15,672
James Hardie Industries plc		309		9,299
Martin Marietta Materials, Inc.		198		76,208
Vulcan Materials Co.		421		77,338
				211,084
Consumer Finance—0.0%
American Express Co.		263		49,181
Synchrony Financial		935		32,547
				81,728
Containers & Packaging—0.3%
AMCOR plc		10,374		117,537
Avery Dennison Corp.		465		80,896
Ball Corp.		1,083		97,470
International Paper Co.		1,966		90,731
Packaging Corp. of America		636		99,286
Sealed Air Corp.		1,184		79,280
Smurfit Kappa Group plc		619		27,436
WestRock Co.		1,824		85,783
				678,419
Distributors—0.0%
LKQ Corp.		784		35,601
Pool Corp.		123		52,011
				87,612
Diversified Consumer Services—0.0%
IDP Education, Ltd.		794		18,518
Diversified Financial Services—0.1%
Berkshire Hathaway, Inc. - Class B (b)		69		24,351
Groupe Bruxelles Lambert S.A.		151		15,659
Investor AB - B Shares		1,384		30,055
L E Lundbergforetagen AB - B Shares		260		13,208
ORIX Corp.		1,700		33,930
Sofina S.A.		53		19,220
Wendel S.E.		163		16,585
				153,008
Diversified Telecommunication Services—1.0%
AT&T, Inc.		9,086		214,702
BCE, Inc.		338		18,737
BT Group plc		10,412		24,816
Cellnex Telecom S.A.		268		12,846
Deutsche Telekom AG		1,851		34,571
Elisa Oyj		882		53,158
HKT Trust & HKT, Ltd.		34,000		46,661
Infrastrutture Wireless Italiane S.p.A.		1,470		16,485
Koninklijke KPN NV		40,371		140,209
Lumen Technologies, Inc.		15,366		173,175
Nippon Telegraph & Telephone Corp.		2,100		61,019
Orange S.A.		5,945		70,298
Proximus SADP		4,598		85,578

BHFTI-265

Brighthouse Funds Trust I

PanAgora Global Diversified Risk Portfolio

Consolidated Schedule of Investments as of March 31, 2022 (Unaudited)

Common Stocks—(Continued)

Security Description	Shares		Value
Diversified Telecommunication Services—(Continued)
Singapore Telecommunications, Ltd.		176,900	$	343,566
Spark New Zealand, Ltd.		2,550		8,079
Swisscom AG		857		514,533
Telecom Italia S.p.A.		14,841		5,450
Telefonica Deutschland Holding AG		30,692		83,831
Telia Co. AB		54,042		216,417
Telstra Corp., Ltd.		9,028		26,625
TELUS Corp.		771		20,142
United Internet AG		686		23,593
Verizon Communications, Inc.		3,403		173,349
				2,367,840
Electric Utilities—2.1%
Alliant Energy Corp.		1,779		111,152
American Electric Power Co., Inc.		1,792		178,788
Chubu Electric Power Co., Inc.		21,800		225,862
CK Infrastructure Holdings, Ltd.		37,165		248,686
CLP Holdings, Ltd.		46,500		453,137
Constellation Energy Corp.		2,520		141,750
Duke Energy Corp.		1,972		220,194
Edison International		2,640		185,064
Electricite de France S.A.		13,261		124,936
Elia Group S.A.		177		27,016
Enel S.p.A.		1,003		6,698
Entergy Corp.		1,532		178,861
Evergy, Inc.		2,308		157,729
Eversource Energy		2,269		200,103
Exelon Corp.		1,499		71,397
FirstEnergy Corp.		2,922		134,003
HK Electric Investments & HK Electric Investments, Ltd.		155,000		151,308
Iberdrola S.A.		1,060		11,537
Kansai Electric Power Co., Inc. (The)		33,600		317,009
NextEra Energy, Inc.		2,438		206,523
NRG Energy, Inc.		2,776		106,487
Origin Energy, Ltd.		2,287		10,583
Pinnacle West Capital Corp.		2,899		226,412
Power Assets Holdings, Ltd.		47,000		306,146
PPL Corp.		6,937		198,121
Red Electrica Corp. S.A.		687		14,109
Southern Co. (The)		2,379		172,501
SSE plc		1,792		41,032
Terna - Rete Elettrica Nazionale		947		8,145
Tokyo Electric Power Co. Holdings, Inc. (b)		50,300		166,300
Verbund AG		98		10,319
Xcel Energy, Inc.		2,902		209,437
				4,821,345
Electrical Equipment—0.1%
ABB, Ltd.		881		28,503
Ballard Power Systems, Inc. (b)		4,465		51,966
Eaton Corp. plc		459		69,658
Emerson Electric Co.		316		30,984
Fuji Electric Co., Ltd.		200		9,975
Generac Holdings, Inc. (b)		153		45,481
Nidec Corp.		100		7,923
Rockwell Automation, Inc.		79		22,122
Siemens Gamesa Renewable Energy S.A. (b)		2,070		36,339
				302,951
Electronic Equipment, Instruments & Components—0.3%
Amphenol Corp. - Class A		478		36,017
CDW Corp.		311		55,635
Corning, Inc.		617		22,774
Halma plc		1,198		39,105
Hamamatsu Photonics KK		500		26,611
Hirose Electric Co., Ltd.		210		30,514
Ibiden Co., Ltd.		300		14,716
IPG Photonics Corp. (b)		328		36,001
Keyence Corp.		52		24,176
Keysight Technologies, Inc. (b)		139		21,958
Kyocera Corp.		1,500		84,313
Murata Manufacturing Co., Ltd.		200		13,221
Omron Corp.		1,200		80,007
TDK Corp.		419		15,128
TE Connectivity, Ltd.		227		29,733
Teledyne Technologies, Inc. (b)		99		46,790
Trimble, Inc. (b)		838		60,453
Yokogawa Electric Corp.		900		15,354
Zebra Technologies Corp. - Class A (b)		98		40,543
				693,049
Energy Equipment & Services—0.1%
Baker Hughes Co.		2,728		99,327
Halliburton Co.		2,128		80,587
				179,914
Entertainment—0.5%
Activision Blizzard, Inc.		1,292		103,502
Bollore S.A.		4,819		25,171
Capcom Co., Ltd.		1,200		29,019
Electronic Arts, Inc.		970		122,715
Embracer Group AB (b)		11,590		97,127
Koei Tecmo Holdings Co., Ltd.		680		22,237
Konami Holdings Corp.		300		18,962
Live Nation Entertainment, Inc. (b)		748		87,995
Netflix, Inc. (b)		211		79,038
Nexon Co., Ltd.		2,100		50,252
Nintendo Co., Ltd.		41		20,687
Sea, Ltd. (ADR) (b)		1,729		207,117
Square Enix Holdings Co., Ltd.		400		17,707
Take-Two Interactive Software, Inc. (b)		625		96,087
Toho Co., Ltd.		800		30,247
UBISOFT Entertainment S.A. (b)		539		23,729
Universal Music Group NV		1,869		49,617
Walt Disney Co. (The) (b)		623		85,451
				1,166,660
Equity Real Estate Investment Trusts—0.4%
Alexandria Real Estate Equities, Inc.		98		19,723
Ascendas Real Estate Investment Trust		3,400		7,332
AvalonBay Communities, Inc.		54		13,412
Canadian Apartment Properties		312		13,389
CapitaLand Integrated Commercial Trust		5,900		9,771
Covivio		175		13,884
Crown Castle International Corp.		344		63,502
Daiwa House REIT Investment Corp.		9		24,218

BHFTI-266

Brighthouse Funds Trust I

PanAgora Global Diversified Risk Portfolio

Consolidated Schedule of Investments as of March 31, 2022 (Unaudited)

Common Stocks—(Continued)

Security Description	Shares		Value
Equity Real Estate Investment Trusts—(Continued)
Digital Realty Trust, Inc.		264	$	37,435
Duke Realty Corp.		947		54,983
Equity Residential		429		38,576
Essex Property Trust, Inc.		49		16,929
Extra Space Storage, Inc.		190		39,064
Federal Realty Investment Trust		179		21,851
Gecina S.A.		100		12,582
GLP J-REIT		8		12,177
Goodman Group		537		9,121
Host Hotels & Resorts, Inc.		2,275		44,203
Japan Metropolitan Fund Invest		18		15,210
Japan Real Estate Investment Corp.		2		10,480
Kimco Realty Corp.		1,166		28,800
Mid-America Apartment Communities, Inc.		284		59,484
Mirvac Group		7,066		13,081
Nippon Building Fund, Inc.		4		22,715
Nippon Prologis REIT, Inc.		11		32,173
Nomura Real Estate Master Fund, Inc.		7		9,255
Orix JREIT, Inc.		6		8,134
ProLogis, Inc.		203		32,780
Public Storage		108		42,150
Realty Income Corp.		177		12,266
Regency Centers Corp.		217		15,481
Segro plc		723		12,736
Simon Property Group, Inc.		154		20,260
UDR, Inc.		253		14,515
Ventas, Inc.		702		43,356
Vicinity Centres		8,864		12,256
Vornado Realty Trust		825		37,389
Welltower, Inc.		452		43,455
Weyerhaeuser Co.		1,208		45,783
				983,911
Food & Staples Retailing—0.8%
Aeon Co., Ltd.		2,600		55,468
Alimentation Couche-Tard, Inc.		1,224		55,142
Carrefour S.A.		714		15,489
Coles Group, Ltd.		2,396		31,936
Cosmos Pharmaceutical Corp.		239		29,031
Costco Wholesale Corp.		187		107,684
Empire Co., Ltd.		2,456		87,109
Endeavour Group, Ltd.		3,491		18,993
Etablissements Franz Colruyt NV		4,928		204,347
George Weston, Ltd.		405		49,874
HelloFresh SE (b)		1,098		49,615
J Sainsbury plc		19,157		63,434
Jeronimo Martins SGPS S.A.		453		10,852
Kesko Oyj - B Shares		386		10,654
Kobe Bussan Co., Ltd.		600		18,431
Koninklijke Ahold Delhaize NV		3,387		108,879
Kroger Co. (The)		1,859		106,651
Lawson, Inc.		2,200		84,082
Loblaw Cos., Ltd.		972		87,221
Metro, Inc.		1,884		108,445
Ocado Group plc (b)		1,198		18,312
Seven & i Holdings Co., Ltd.		600		28,548
Food & Staples Retailing—(Continued)
Sysco Corp.		1,160		94,714
Tesco plc		18,603		67,256
Tsuruha Holdings, Inc.		259		16,449
Walgreens Boots Alliance, Inc.		2,114		94,644
Walmart, Inc.		809		120,476
Welcia Holdings Co., Ltd.		1,300		31,986
Woolworths Group, Ltd.		3,205		89,019
				1,864,741
Food Products—1.0%
Ajinomoto Co., Inc.		3,100		88,031
Archer-Daniels-Midland Co.		946		85,386
Associated British Foods plc		2,466		53,555
Barry Callebaut AG		20		46,833
Campbell Soup Co.		3,197		142,490
Conagra Brands, Inc.		4,021		134,985
Danone S.A.		252		13,882
General Mills, Inc.		2,449		165,846
Hershey Co. (The)		328		71,055
Hormel Foods Corp.		2,889		148,899
J.M. Smucker Co. (The)		645		87,339
JDE Peet’s NV		768		21,972
Kellogg Co.		2,347		151,358
Kerry Group plc - Class A		1,063		118,773
Kikkoman Corp.		700		46,362
Kraft Heinz Co. (The)		3,776		148,737
Lamb Weston Holdings, Inc.		1,524		91,303
McCormick & Co., Inc.		1,259		125,648
MEIJI Holdings Co., Ltd.		1,900		103,043
Mondelez International, Inc. - Class A		740		46,457
Mowi ASA		808		21,782
Nestle S.A.		477		61,925
Nisshin Seifun Group, Inc.		1,200		16,753
Nissin Foods Holdings Co., Ltd.		500		35,111
Orkla ASA		1,360		12,095
Saputo, Inc.		1,060		25,106
Toyo Suisan Kaisha, Ltd.		2,100		75,097
Tyson Foods, Inc. - Class A		1,075		96,352
WH Group, Ltd.		19,603		12,332
Wilmar International, Ltd.		5,400		18,725
Yakult Honsha Co., Ltd.		1,300		69,387
				2,336,619
Gas Utilities—0.5%
APA Group		2,260		17,922
Atmos Energy Corp.		771		92,127
Enagas S.A.		1,099		24,421
Hong Kong & China Gas Co., Ltd.		257,270		311,198
Osaka Gas Co., Ltd.		14,700		252,370
Tokyo Gas Co., Ltd.		20,200		370,031
				1,068,069
Health Care Equipment & Supplies—0.8%
Abbott Laboratories		483		57,168
ABIOMED, Inc. (b)		169		55,980
Alcon, Inc.		513		40,523

BHFTI-267

Brighthouse Funds Trust I

PanAgora Global Diversified Risk Portfolio

Consolidated Schedule of Investments as of March 31, 2022 (Unaudited)

Common Stocks—(Continued)

Security Description	Shares		Value
Health Care Equipment & Supplies—(Continued)
Align Technology, Inc. (b)		90	$	39,240
Ambu A/S - Class B		3,689		54,176
Asahi Intecc Co., Ltd.		700		13,697
Becton Dickinson & Co.		118		31,388
BioMerieux		353		37,625
Boston Scientific Corp. (b)		655		29,010
Carl Zeiss Meditec AG		248		40,213
Cochlear, Ltd.		203		33,820
Coloplast A/S - Class B		648		98,141
Cooper Cos., Inc. (The)		67		27,978
Demant A/S (b)		481		21,759
Dentsply Sirona, Inc.		913		44,938
DexCom, Inc. (b)		113		57,811
DiaSorin S.p.A.		381		59,658
Edwards Lifesciences Corp. (b)		523		61,567
Fisher & Paykel Healthcare Corp., Ltd.		343		5,764
GN Store Nord AS		1,240		60,513
Hologic, Inc. (b)		690		53,006
Hoya Corp.		500		57,056
IDEXX Laboratories, Inc. (b)		113		61,818
Inmode, Ltd. (b)		1,201		44,329
Intuitive Surgical, Inc. (b)		192		57,922
Koninklijke Philips NV		676		20,681
Medtronic plc		874		96,970
Olympus Corp.		700		13,299
ResMed, Inc.		225		54,565
Siemens Healthineers AG		447		27,718
Smith & Nephew plc		1,755		27,974
Sonova Holding AG		94		39,207
STERIS plc		237		57,299
Straumann Holding AG		42		67,206
Stryker Corp.		116		31,013
Sysmex Corp.		762		55,332
Teleflex, Inc.		162		57,482
Terumo Corp.		600		18,171
Zimmer Biomet Holdings, Inc.		439		56,148
Zimvie, Inc. (b)		43		982
				1,769,147
Health Care Providers & Services—0.4%
AmerisourceBergen Corp.		385		59,563
Amplifon S.p.A.		1,142		50,992
Anthem, Inc.		132		64,841
Cardinal Health, Inc.		1,016		57,607
Centene Corp. (b)		571		48,072
DaVita, Inc. (b)		404		45,696
Fresenius Medical Care AG & Co. KGaA		240		16,095
Fresenius SE & Co. KGaA		1,411		51,919
HCA Healthcare, Inc.		210		52,630
Humana, Inc.		140		60,924
Laboratory Corp. of America Holdings (b)		219		57,742
McKesson Corp.		243		74,390
Medipal Holdings Corp.		1,400		23,072
NMC Health plc (b) (c) (d)		1,427		0
Orpea S.A.		169		7,293
Quest Diagnostics, Inc.		205		28,056
Health Care Providers & Services—(Continued)
Ramsay Health Care, Ltd.		253		12,253
Ryman Healthcare, Ltd.		844		5,470
Sonic Healthcare, Ltd.		887		23,357
UnitedHealth Group, Inc.		147		74,966
Universal Health Services, Inc. - Class B		387		56,096
				871,034
Health Care Technology—0.0%
Cerner Corp.		294		27,507
M3, Inc.		441		15,960
				43,467
Hotels, Restaurants & Leisure—0.4%
Aristocrat Leisure, Ltd.		633		17,162
Booking Holdings, Inc. (b)		24		56,363
Carnival Corp. (b)		1,620		32,756
Chipotle Mexican Grill, Inc. (b)		31		49,043
Compass Group plc		719		15,495
Darden Restaurants, Inc.		354		47,064
Domino’s Pizza, Inc.		100		40,701
Entain plc (b)		479		10,274
Evolution AB		89		9,083
Expedia Group, Inc. (b)		237		46,374
Flutter Entertainment plc (b)		220		25,235
Genting Singapore, Ltd.		23,400		14,017
Hilton Worldwide Holdings, Inc. (b)		343		52,047
La Francaise des Jeux SAEM		356		14,111
Las Vegas Sands Corp. (b)		1,027		39,920
Marriott International, Inc. - Class A (b)		269		47,277
McDonald’s Corp.		203		50,198
McDonald’s Holdings Co. Japan, Ltd.		1,100		45,816
Melco Resorts & Entertainment, Ltd. (ADR) (b)		1,145		8,748
Oriental Land Co., Ltd.		200		38,184
Restaurant Brands International, Inc.		1,947		113,753
Royal Caribbean Cruises, Ltd. (b)		487		40,801
Sodexo S.A.		204		16,561
Starbucks Corp.		561		51,034
Tabcorp Holdings, Ltd.		5,066		20,089
Whitbread plc (b)		378		14,067
Wynn Resorts, Ltd. (b)		449		35,803
Yum! Brands, Inc.		381		45,160
				997,136
Household Durables—0.2%
Barratt Developments plc		1,263		8,617
Berkeley Group Holdings plc		195		9,491
Garmin, Ltd.		700		83,027
Iida Group Holdings Co., Ltd.		2,000		34,620
Mohawk Industries, Inc. (b)		285		35,397
Newell Brands, Inc.		2,165		46,353
Rinnai Corp.		800		59,896
Sekisui House, Ltd.		500		9,695
Sharp Corp.		900		8,428
Sony Group Corp.		200		20,642
Taylor Wimpey plc		7,012		11,965
Whirlpool Corp.		247		42,677
				370,808

BHFTI-268

Brighthouse Funds Trust I

PanAgora Global Diversified Risk Portfolio

Consolidated Schedule of Investments as of March 31, 2022 (Unaudited)

Common Stocks—(Continued)

Security Description	Shares		Value
Household Products—0.3%
Church & Dwight Co., Inc.		1,073	$	106,635
Clorox Co. (The)		752		104,551
Colgate-Palmolive Co.		642		48,683
Essity AB - Class B		354		8,341
Henkel AG & Co. KGaA		256		16,968
Kimberly-Clark Corp.		839		103,331
Lion Corp.		3,400		37,901
Procter & Gamble Co. (The)		582		88,930
Reckitt Benckiser Group plc		1,092		83,469
Unicharm Corp.		900		32,006
				630,815
Independent Power and Renewable Electricity Producers—0.1%
AES Corp. (The)		6,460		166,216
Brookfield Renewable Corp. - Class A		298		13,015
Uniper SE		1,986		51,077
				230,308
Industrial Conglomerates—0.1%
3M Co.		616		91,710
CK Hutchison Holdings, Ltd.		1,500		10,997
DCC plc		59		4,573
Keppel Corp., Ltd.		5,800		27,386
Melrose Industries plc		2,424		3,924
Smiths Group plc		842		15,961
Toshiba Corp.		200		7,589
				162,140
Insurance—0.5%
Aegon NV		4,643		24,503
Aflac, Inc.		367		23,631
Allstate Corp. (The)		359		49,725
Aon plc - Class A		84		27,353
Arthur J. Gallagher & Co.		328		57,269
Assurant, Inc.		156		28,366
Brown & Brown, Inc.		991		71,620
Chubb, Ltd.		124		26,524
Cincinnati Financial Corp.		187		25,425
Dai-ichi Life Holdings, Inc.		800		16,275
Everest Re Group, Ltd.		172		51,837
Gjensidige Forsikring ASA		1,749		43,389
Globe Life, Inc.		811		81,587
Hannover Rueck SE		125		21,289
Hartford Financial Services Group, Inc. (The)		341		24,487
Insurance Australia Group, Ltd.		5,943		19,354
Japan Post Holdings Co., Ltd.		1,800		13,222
Manulife Financial Corp.		616		13,137
Marsh & McLennan Cos., Inc.		100		17,042
Medibank Private, Ltd.		8,686		19,889
Poste Italiane S.p.A.		1,605		18,207
Principal Financial Group, Inc.		644		47,276
Progressive Corp. (The)		416		47,420
Prudential Financial, Inc.		738		87,209
Sampo Oyj - A Shares		306		14,936
Sompo Holdings, Inc.		200		8,797
Insurance—(Continued)
Suncorp Group, Ltd.		1,254		10,369
Swiss Life Holding AG		40		25,531
T&D Holdings, Inc.		700		9,497
Tokio Marine Holdings, Inc.		500		29,081
Travelers Cos., Inc. (The)		276		50,434
Tryg A/S		480		11,638
W.R. Berkley Corp.		821		54,637
Willis Towers Watson plc		182		42,992
				1,113,948
Interactive Media & Services—0.2%
Alphabet, Inc. - Class A (b)		28		77,878
Auto Trader Group plc		3,229		26,730
Kakaku.com, Inc.		900		20,129
Match Group, Inc. (b)		988		107,435
Meta Platforms, Inc. - Class A (b)		575		127,857
REA Group, Ltd.		187		18,697
Scout24 SE		489		28,051
Seek, Ltd.		490		10,782
Twitter, Inc. (b)		2,662		102,993
Z Holdings Corp.		4,300		18,670
				539,222
Internet & Direct Marketing Retail—0.1%
Amazon.com, Inc. (b)		24		78,239
Delivery Hero SE (b)		471		20,747
eBay, Inc.		984		56,344
Etsy, Inc. (b)		317		39,397
Just Eat Takeaway.com NV (b)		352		11,815
Mercari, Inc. (b)		300		7,779
Prosus NV (b)		245		12,970
Rakuten Group, Inc.		1,800		14,190
Zalando SE (b)		302		15,330
ZOZO, Inc.		500		13,283
				270,094
IT Services—0.6%
Accenture plc - Class A		102		34,397
Adyen NV (b)		13		25,682
Akamai Technologies, Inc. (b)		467		55,755
Automatic Data Processing, Inc.		249		56,658
Bechtle AG		1,094		61,739
Capgemini SE		128		28,473
CGI, Inc. (b)		414		32,980
Cognizant Technology Solutions Corp. - Class A		328		29,412
Computershare, Ltd.		2,436		44,567
Edenred		251		12,408
EPAM Systems, Inc. (b)		108		32,034
Fidelity National Information Services, Inc.		537		53,926
Fiserv, Inc. (b)		553		56,074
FleetCor Technologies, Inc. (b)		163		40,597
Fujitsu, Ltd.		502		74,839
Gartner, Inc. (b)		147		43,727
Global Payments, Inc.		313		42,831
GMO Payment Gateway, Inc.		200		20,418

BHFTI-269

Brighthouse Funds Trust I

PanAgora Global Diversified Risk Portfolio

Consolidated Schedule of Investments as of March 31, 2022 (Unaudited)

Common Stocks—(Continued)

Security Description	Shares		Value
IT Services—(Continued)
Itochu Techno-Solutions Corp.		1,200	$	30,650
Jack Henry & Associates, Inc.		162		31,922
MasterCard, Inc. - Class A		157		56,109
NEC Corp.		600		25,171
Nexi S.p.A. (b)		1,115		12,879
Nomura Research Institute, Ltd.		600		19,623
NTT Data Corp.		1,500		29,421
Nuvei Corp. (b)		232		17,444
Obic Co., Ltd.		100		14,984
Otsuka Corp.		500		17,755
Paychex, Inc.		233		31,798
PayPal Holdings, Inc. (b)		528		61,063
SCSK Corp.		600		10,282
Shopify, Inc. - Class A (b)		18		12,173
TIS, Inc.		900		21,050
VeriSign, Inc. (b)		237		52,723
Visa, Inc. - Class A		125		27,721
Wix.com, Ltd. (b)		792		82,732
Worldline S.A. (b)		206		8,931
				1,310,948
Leisure Products—0.0%
Bandai Namco Holdings, Inc.		261		19,772
Hasbro, Inc.		565		46,285
Shimano, Inc.		100		22,874
Yamaha Corp.		300		13,082
				102,013
Life Sciences Tools & Services—0.3%
Agilent Technologies, Inc.		650		86,015
Bachem Holding AG - Class B		127		69,691
Bio-Rad Laboratories, Inc. - Class A (b)		84		47,311
Bio-Techne Corp.		140		60,626
Charles River Laboratories International, Inc. (b)		176		49,979
Eurofins Scientific SE		211		20,917
Illumina, Inc. (b)		162		56,603
IQVIA Holdings, Inc. (b)		254		58,727
Lonza Group AG		66		47,816
QIAGEN NV (b)		1,053		51,687
Sartorius Stedim Biotech		97		39,755
Thermo Fisher Scientific, Inc.		46		27,170
Waters Corp. (b)		169		52,456
				668,753
Machinery—0.4%
Caterpillar, Inc.		163		36,320
CNH Industrial NV		4,683		74,151
Deere & Co.		151		62,735
Dover Corp.		448		70,291
Hino Motors, Ltd.		800		4,681
Hitachi Construction Machinery Co., Ltd.		1,900		49,235
Hoshizaki Corp.		200		13,718
Illinois Tool Works, Inc.		456		95,486
Ingersoll Rand, Inc.		1,147		57,752
KION Group AG		153		10,175
Machinery—(Continued)
Komatsu, Ltd.		1,800		43,192
Kone Oyj - Class B		450		23,569
Kurita Water Industries, Ltd.		300		11,073
Miura Co., Ltd.		400		9,865
Otis Worldwide Corp.		614		47,247
Sandvik AB		462		9,808
Schindler Holding AG		66		13,994
Snap-on, Inc.		113		23,219
Spirax-Sarco Engineering plc		272		44,573
Stanley Black & Decker, Inc.		270		37,743
Techtronic Industries Co., Ltd.		1,000		16,110
Wartsila Oyj Abp		1,302		11,892
Westinghouse Air Brake Technologies Corp.		552		53,086
Xylem, Inc.		694		59,170
Yaskawa Electric Corp.		300		11,717
				890,802
Marine—0.0%
AP Moller - Maersk A/S - Class A		5		14,776
Media—0.4%
Charter Communications, Inc. - Class A (b)		164		89,465
Comcast Corp. - Class A		2,965		138,821
CyberAgent, Inc.		2,200		27,277
Dentsu Group, Inc.		700		28,625
Discovery, Inc. - Class A (b)		2,471		61,577
DISH Network Corp. - Class A (b)		2,968		93,937
Fox Corp. - Class B		2,504		90,845
Hakuhodo DY Holdings, Inc.		1,000		12,566
Informa plc (b)		2,694		21,143
Interpublic Group of Cos., Inc. (The)		2,310		81,890
News Corp. - Class B		4,436		99,899
Omnicom Group, Inc.		889		75,459
Paramount Global - Class B		2,203		83,296
Pearson plc		2,894		28,274
Publicis Groupe S.A.		455		27,640
Quebecor, Inc. - Class B		687		16,376
WPP plc		884		11,568
				988,658
Metals & Mining—0.5%
Agnico Eagle Mines, Ltd.		695		42,529
Anglo American plc		418		21,559
Antofagasta plc		1,112		24,282
ArcelorMittal S.A.		330		10,607
Barrick Gold Corp.		1,970		48,314
BHP Group, Ltd.		559		21,773
BHP Group, Ltd. (London-Traded Shares)		597		22,889
BlueScope Steel, Ltd.		3,230		49,912
Boliden AB		532		26,978
Evolution Mining, Ltd.		18,792		61,061
First Quantum Minerals, Ltd.		510		17,656
Fortescue Metals Group, Ltd.		756		11,601
Freeport-McMoRan, Inc.		1,694		84,260
Glencore plc (b)		2,151		13,979
JFE Holdings, Inc.		600		8,444

BHFTI-270

Brighthouse Funds Trust I

PanAgora Global Diversified Risk Portfolio

Consolidated Schedule of Investments as of March 31, 2022 (Unaudited)

Common Stocks—(Continued)

Security Description	Shares		Value
Metals & Mining—(Continued)
Kinross Gold Corp.		3,064	$	17,990
Newcrest Mining, Ltd.		3,118		61,897
Newmont Corp.		1,704		135,383
Nippon Steel Corp.		700		12,409
Norsk Hydro ASA		2,948		28,726
Northern Star Resources, Ltd.		4,485		35,546
Nucor Corp.		593		88,149
Pan American Silver Corp.		623		17,003
Rio Tinto plc		144		11,423
Rio Tinto, Ltd.		783		69,361
South32, Ltd.		16,747		62,363
Sumitomo Metal Mining Co., Ltd.		400		20,197
Teck Resources, Ltd. - Class B		613		24,752
Wheaton Precious Metals Corp.		577		27,439
				1,078,482
Multi-Utilities—0.8%
Algonquin Power & Utilities Corp.		833		12,920
Ameren Corp.		1,578		147,953
CenterPoint Energy, Inc.		4,180		128,075
CMS Energy Corp.		1,688		118,059
Consolidated Edison, Inc.		1,410		133,499
Dominion Energy, Inc.		1,568		133,233
DTE Energy Co.		654		86,466
E.ON SE		4,763		55,392
Engie S.A.		7,519		98,562
National Grid plc		5,700		87,550
NiSource, Inc.		3,301		104,972
Public Service Enterprise Group, Inc.		2,300		161,000
RWE AG		2,300		100,322
Sempra Energy		1,285		216,034
Veolia Environnement S.A.		3,662		116,852
WEC Energy Group, Inc.		1,079		107,695
				1,808,584
Multiline Retail—0.2%
Canadian Tire Corp., Ltd. - Class A		812		122,604
Dollar General Corp.		293		65,231
Dollar Tree, Inc. (b)		362		57,974
Dollarama, Inc.		2,269		128,682
Pan Pacific International Holdings Corp.		3,700		59,343
Ryohin Keikaku Co., Ltd.		900		10,496
Target Corp.		206		43,717
Wesfarmers, Ltd.		774		29,083
				517,130
Oil, Gas & Consumable Fuels—1.6%
Ampol, Ltd.		569		12,930
BP plc		10,604		51,822
Cameco Corp.		379		11,038
Chevron Corp.		822		133,846
ConocoPhillips		978		97,800
Coterra Energy, Inc.		3,944		106,370
Devon Energy Corp.		1,016		60,076
Diamondback Energy, Inc.		572		78,410
ENEOS Holdings, Inc.		122,400		460,043
Oil, Gas & Consumable Fuels—(Continued)
EOG Resources, Inc.		674		80,361
Exxon Mobil Corp.		1,222		100,925
Hess Corp.		929		99,440
Idemitsu Kosan Co., Ltd.		18,676		515,248
Inpex Corp.		32,400		384,734
Kinder Morgan, Inc.		5,808		109,829
Lundin Energy AB		6,566		278,363
Marathon Oil Corp.		2,724		68,400
Marathon Petroleum Corp.		1,120		95,760
Occidental Petroleum Corp.		1,854		105,196
ONEOK, Inc.		1,508		106,510
Phillips 66		991		85,612
Pioneer Natural Resources Co.		416		104,012
Repsol S.A.		589		7,745
Santos, Ltd.		1,713		9,850
Shell plc		2,656		72,891
TotalEnergies SE		5,273		267,545
Valero Energy Corp.		941		95,549
Williams Cos., Inc. (The)		3,600		120,276
Woodside Petroleum, Ltd.		975		23,263
				3,743,844
Paper & Forest Products—0.0%
Mondi plc		549		10,643
Oji Holdings Corp.		6,400		31,818
Svenska Cellulosa AB SCA - Class B		1,214		23,572
				66,033
Personal Products—0.1%
Beiersdorf AG		348		36,568
Estee Lauder Cos., Inc. (The) - Class A		314		85,509
Kao Corp.		400		16,421
Kobayashi Pharmaceutical Co., Ltd.		400		32,067
Kose Corp.		298		31,167
L’Oreal S.A.		48		19,213
Pola Orbis Holdings, Inc.		1,000		13,012
Shiseido Co., Ltd.		500		25,341
Unilever plc		272		12,313
				271,611
Pharmaceuticals—0.6%
Astellas Pharma, Inc.		1,100		17,244
AstraZeneca plc		653		86,595
Bausch Health Cos., Inc. (b)		316		7,219
Bayer AG		246		16,831
Bristol-Myers Squibb Co.		840		61,345
Catalent, Inc. (b)		511		56,670
Chugai Pharmaceutical Co., Ltd.		800		26,755
Daiichi Sankyo Co., Ltd.		600		13,163
Eisai Co., Ltd.		300		13,903
Eli Lilly and Co.		166		47,538
GlaxoSmithKline plc		1,357		29,262
Hikma Pharmaceuticals plc		2,938		79,045
Ipsen S.A.		139		17,364
Johnson & Johnson		443		78,513

BHFTI-271

Brighthouse Funds Trust I

PanAgora Global Diversified Risk Portfolio

Consolidated Schedule of Investments as of March 31, 2022 (Unaudited)

Common Stocks—(Continued)

Security Description	Shares		Value
Pharmaceuticals—(Continued)
Kyowa Kirin Co., Ltd.		1,200	$	27,840
Merck & Co., Inc.		405		33,230
Merck KGaA		150		31,414
Nippon Shinyaku Co., Ltd.		400		27,197
Novartis AG		1,242		108,925
Novo Nordisk A/S - Class B		690		76,415
Ono Pharmaceutical Co., Ltd.		900		22,603
Organon & Co.		1,701		59,416
Orion Oyj - Class B		418		18,968
Otsuka Holdings Co., Ltd.		500		17,296
Pfizer, Inc.		643		33,288
Recordati Industria Chimica e Farmaceutica S.p.A.		673		33,833
Roche Holding AG		120		52,467
Sanofi		249		25,394
Santen Pharmaceutical Co., Ltd.		2,800		28,029
Shionogi & Co., Ltd.		300		18,424
Sumitomo Dainippon Pharma Co., Ltd.		1,000		9,875
Taisho Pharmaceutical Holdings Co., Ltd.		400		18,554
Takeda Pharmaceutical Co., Ltd.		738		21,122
Teva Pharmaceutical Industries, Ltd. (ADR) (b)		12,530		117,657
UCB S.A.		451		53,990
Viatris, Inc.		3,656		39,777
Vifor Pharma AG (b)		116		20,682
				1,447,843
Professional Services—0.2%
Equifax, Inc.		97		22,999
Experian plc		1,493		57,577
Jacobs Engineering Group, Inc.		354		48,785
Nielsen Holdings plc		2,990		81,448
Nihon M&A Center Holdings, Inc.		400		5,559
Randstad NV		743		44,597
Robert Half International, Inc.		330		37,679
SGS S.A.		12		33,343
Thomson Reuters Corp.		1,019		110,634
Verisk Analytics, Inc.		362		77,696
Wolters Kluwer NV		677		72,066
				592,383
Real Estate Management & Development—0.1%
Aroundtown S.A.		2,045		11,747
Azrieli Group, Ltd.		94		8,247
CBRE Group, Inc. - Class A (b)		281		25,717
Daito Trust Construction Co., Ltd.		100		10,610
Daiwa House Industry Co., Ltd.		1,200		31,351
ESR Cayman, Ltd. (b)		4,800		14,860
Fastighets AB Balder - B Shares (b)		184		12,040
FirstService Corp.		317		45,853
Mitsubishi Estate Co., Ltd.		1,000		14,873
Sumitomo Realty & Development Co., Ltd.		300		8,292
Swiss Prime Site AG		442		43,572
Vonovia SE		889		41,567
Wharf Real Estate Investment Co., Ltd.		2,596		12,829
				281,558
Road & Rail—0.2%
Aurizon Holdings, Ltd.		8,386		23,027
Canadian National Railway Co.		88		11,805
Canadian Pacific Railway, Ltd.		350		28,887
CSX Corp.		735		27,526
J.B. Hunt Transport Services, Inc.		132		26,504
Keio Corp.		800		31,232
Keisei Electric Railway Co., Ltd.		400		11,133
Kintetsu Group Holdings Co., Ltd.		900		25,748
MTR Corp., Ltd.		2,000		10,794
Nippon Express Holdings, Inc.		200		13,747
Norfolk Southern Corp.		231		65,886
Odakyu Electric Railway Co., Ltd.		900		14,944
Old Dominion Freight Line, Inc.		219		65,411
TFI International, Inc.		484		51,549
Tobu Railway Co., Ltd.		2,800		68,124
Tokyu Corp.		1,800		23,380
				499,697
Semiconductors & Semiconductor Equipment—0.3%
Advanced Micro Devices, Inc. (b)		232		25,367
Advantest Corp.		200		15,687
Analog Devices, Inc.		146		24,116
Applied Materials, Inc.		374		49,293
ASM International NV		72		26,100
ASML Holding NV		45		30,015
Broadcom, Inc.		50		31,484
Disco Corp.		56		15,621
Infineon Technologies AG		1,497		51,143
Intel Corp.		995		49,312
KLA Corp.		159		58,204
Lam Research Corp.		84		45,159
Microchip Technology, Inc.		364		27,351
Monolithic Power Systems, Inc.		106		51,482
QUALCOMM, Inc.		306		46,763
Rohm Co., Ltd.		173		13,446
Skyworks Solutions, Inc.		343		45,715
SolarEdge Technologies, Inc. (b)		126		40,619
STMicroelectronics NV		309		13,423
SUMCO Corp.		700		11,485
Teradyne, Inc.		366		43,272
Texas Instruments, Inc.		165		30,274
				745,331
Software—0.5%
ANSYS, Inc. (b)		156		49,553
Autodesk, Inc. (b)		221		47,371
AVEVA Group plc		850		27,138
Blackberry, Ltd. (b)		2,024		15,008
Ceridian HCM Holding, Inc. (b)		603		41,221
Check Point Software Technologies, Ltd. (b)		713		98,579
Citrix Systems, Inc.		406		40,965
Constellation Software, Inc.		14		23,932
CyberArk Software, Ltd. (b)		251		42,356
Dassault Systemes SE		701		34,542
Fortinet, Inc. (b)		127		43,401
Intuit, Inc.		128		61,548

BHFTI-272

Brighthouse Funds Trust I

PanAgora Global Diversified Risk Portfolio

Consolidated Schedule of Investments as of March 31, 2022 (Unaudited)

Common Stocks—(Continued)

Security Description	Shares		Value
Software—(Continued)
Microsoft Corp.		101	$	31,139
Nemetschek SE		555		53,838
Nice, Ltd. (b)		366		80,121
NortonLifeLock, Inc.		1,502		39,833
Open Text Corp.		350		14,841
Oracle Corp. Japan		300		20,834
Paycom Software, Inc. (b)		124		42,951
PTC, Inc. (b)		392		42,226
Sage Group plc (The)		3,865		35,443
SAP SE		201		22,428
ServiceNow, Inc. (b)		87		48,450
Sinch AB (b)		1,326		8,979
Synopsys, Inc. (b)		150		49,991
Temenos AG		115		11,019
Trend Micro, Inc.		700		40,862
Tyler Technologies, Inc. (b)		56		24,914
WiseTech Global, Ltd.		976		36,769
Xero, Ltd. (b)		690		52,262
				1,182,514
Specialty Retail—0.3%
Advance Auto Parts, Inc.		224		46,359
AutoZone, Inc. (b)		19		38,847
Best Buy Co., Inc.		494		44,905
CarMax, Inc. (b)		445		42,934
Fast Retailing Co., Ltd.		100		51,373
H & M Hennes & Mauritz AB - B Shares		763		10,190
Hikari Tsushin, Inc.		400		45,561
Industria de Diseno Textil S.A.		342		7,441
Kingfisher plc		2,421		8,080
Lowe’s Cos., Inc.		294		59,444
Nitori Holdings Co., Ltd.		100		12,558
O’Reilly Automotive, Inc. (b)		63		43,152
Ross Stores, Inc.		690		62,417
TJX Cos., Inc. (The)		859		52,038
Tractor Supply Co.		246		57,409
Ulta Beauty, Inc. (b)		133		52,963
				635,671
Technology Hardware, Storage & Peripherals—0.2%
Apple, Inc.		124		21,652
Canon, Inc.		1,200		29,211
FUJIFILM Holdings Corp.		1,400		85,648
HP, Inc.		1,315		47,735
Logitech International S.A.		936		69,368
NetApp, Inc.		468		38,844
Ricoh Co., Ltd.		1,200		10,411
Seagate Technology Holdings plc		386		34,701
Seiko Epson Corp.		3,800		56,972
Western Digital Corp. (b)		717		35,599
				430,141
Textiles, Apparel & Luxury Goods—0.2%
Adidas AG		97		22,651
Cie Financiere Richemont S.A. - Class A		135		17,125
EssilorLuxottica S.A.		112		20,445
Textiles, Apparel & Luxury Goods—(Continued)
Gildan Activewear, Inc.		1,788		67,063
Hermes International		34		48,225
Kering S.A.		22		13,897
Moncler S.p.A.		982		54,687
NIKE, Inc. - Class B		372		50,056
Pandora A/S		152		14,381
Puma SE		222		18,949
PVH Corp.		453		34,704
Swatch Group AG (The) - Bearer Shares		79		22,449
Tapestry, Inc.		1,145		42,537
Under Armour, Inc. - Class A (b)		2,502		42,584
VF Corp.		846		48,104
				517,857
Tobacco—0.1%
Altria Group, Inc.		2,030		106,068
British American Tobacco plc		361		15,099
Imperial Brands plc		882		18,571
Japan Tobacco, Inc.		1,200		20,542
Philip Morris International, Inc.		931		87,458
Swedish Match AB		2,870		21,588
				269,326
Trading Companies & Distributors—0.1%
Ashtead Group plc		172		10,842
Fastenal Co.		1,179		70,032
Ferguson plc		77		10,452
Marubeni Corp.		3,300		38,500
MonotaRO Co., Ltd.		700		15,001
Toyota Tsusho Corp.		400		16,459
United Rentals, Inc. (b)		127		45,112
WW Grainger, Inc.		67		34,558
				240,956
Transportation Infrastructure—0.0%
Aena SME S.A. (b)		35		5,798
Aeroports de Paris (b)		108		16,174
Atlantia S.p.A. (b)		614		12,769
Auckland International Airport, Ltd. (b)		3,324		17,975
Transurban Group		1,608		16,200
				68,916
Water Utilities—0.1%
American Water Works Co., Inc.		572		94,683
Severn Trent plc		1,485		59,940
United Utilities Group plc		2,922		43,069
				197,692
Wireless Telecommunication Services—0.3%
KDDI Corp.		2,800		91,970
Rogers Communications, Inc. - Class B		369		20,886
SoftBank Corp.		7,200		84,152
SoftBank Group Corp.		500		22,489
T-Mobile U.S., Inc. (b)		1,312		168,395
Tele2 AB - B Shares		13,590		205,165
Vodafone Group plc		16,068		26,362
				619,419
Total Common Stocks (Cost $46,051,461)				51,276,573

BHFTI-273

Brighthouse Funds Trust I

PanAgora Global Diversified Risk Portfolio

Consolidated Schedule of Investments as of March 31, 2022 (Unaudited)

U.S. Treasury & Government Agencies—13.1%

Security Description	Shares/ Principal Amount*		Value
U.S. Treasury—13.1%
U.S. Treasury Inflation Indexed Bonds 2.125%, 02/15/40 (a)		3,511,134	$	4,961,808
3.375%, 04/15/32 (a)		3,958,775		5,582,801
3.875%, 04/15/29 (a)		3,419,520		4,520,712
U.S. Treasury Inflation Indexed Notes 0.125%, 01/15/23 (a)		2,435,400		2,520,354
0.125%, 10/15/25 (a)		920,771		965,137
0.125%, 01/15/30 (a)		1,638,690		1,729,650
0.250%, 01/15/25 (a)		2,373,380		2,488,851
0.250%, 07/15/29 (a)		3,296,460		3,518,842
0.375%, 07/15/25 (a)		1,777,860		1,880,122
0.750%, 07/15/28 (a)		2,239,480		2,449,081
Total U.S. Treasury & Government Agencies (Cost $31,458,872)				30,617,358
Mutual Funds—2.5%
Investment Company Securities—2.5%
iShares iBoxx $ Investment Grade Corporate Bond ETF (Cost $6,337,169)		48,388		5,852,045
Preferred Stocks—0.0%
Chemicals—0.0%
Fuchs Petrolub SE		497		18,055
Health Care Equipment & Supplies—0.0%
Sartorius AG		56		24,870
Total Preferred Stocks (Cost $41,286)				42,925
Short-Term Investments—28.0%
Mutual Funds—3.9%
BlackRock Liquidity Funds T-Fund Portfolio, Institutional Class, 0.210% (e)		7,474,278		7,474,278
UBS Select Treasury Institutional Fund, Institutional Class, 0.130% (e)		1,733,174		1,733,174
				9,207,452
Repurchase Agreement—7.9%
Fixed Income Clearing Corp. Repurchase Agreement dated 03/31/22 at 0.000%, due on 04/01/22 with a maturity value of $18,375,018; collateralized by U.S. Treasury Note at 0.125%, maturing 10/15/25, with a market value of $18,742,540.		18,375,018		18,375,018
U.S. Treasury—16.2%
U.S. Treasury Bills 0.367%, 07/21/22 (f) (g) (h)		13,000,000		12,973,545
0.830%, 09/15/22 (f)		25,000,000		24,891,972
				37,865,517
Total Short-Term Investments (Cost $65,471,502)				65,447,987
Total Investments— 90.3% (Cost $207,660,881)				210,906,036
Other assets and liabilities (net)—9.7%				22,784,118
Net Assets—100.0%			$	233,690,154

*	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 March 31, 2022, 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 March 31, 2022.
(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 March 31, 2022, the market value of securities pledged was $3,991,860.
(h)	All or a portion of the security was pledged as collateral against open centrally cleared swap contracts. As of March 31, 2022, the market value of securities pledged was $5,987,790.
(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 March 31, 2022, the market value of 144A securities was $8,401,229, which is 3.6% of net assets.

BHFTI-274

Brighthouse Funds Trust I

PanAgora Global Diversified Risk Portfolio

Consolidated Schedule of Investments as of March 31, 2022 (Unaudited)

Forward Foreign Currency Exchange Contracts

Contracts to Deliver		Counterparty	Settlement Date		In Exchange for			Unrealized Appreciation/ (Depreciation)
AUD	1,700,000	BNY		04/28/22		USD	1,272,824	$	354
CAD	2,600,000	BNY		04/28/22		USD	2,069,800		(9,681	)
CHF	1,400,000	BNP		04/28/22		USD	1,499,516		(16,775	)
EUR	4,500,000	BNY		04/28/22		USD	4,940,064		(41,559	)
EUR	29,400,000	BBH		04/28/22		USD	32,354,700		(191,903	)
GBP	1,400,000	BNY		04/28/22		USD	1,831,833		(6,985	)
GBP	18,800,000	BBP		04/28/22		USD	24,796,660		103,961
HKD	13,000,000	BNP		04/28/22		USD	1,660,783		854
JPY	946,300,000	BNY		04/28/22		USD	7,671,722		(104,789	)
JPY	3,775,746	BNY		04/28/22		USD	31,031		3
Net Unrealized Depreciation								$	(266,520	)

Futures Contracts

Futures Contracts—Long	Expiration Date		Number of Contracts		Notional Value			Value/ Unrealized Appreciation/ (Depreciation)
Amsterdam AEX Index Futures		04/14/22		5		EUR	724,010	$	57,492
Australian 10 Year Treasury Bond Futures		06/15/22		219		AUD	27,756,724		(837,232	)
Bloomberg Commodity Index Futures		06/15/22		577		USD	7,178,457		(122,638	)
Brent Crude Oil Futures		05/31/22		24		USD	2,465,520		(40,907	)
Canada Government Bond 10 Year Futures		06/21/22		183		CAD	23,892,480		(834,875	)
Cattle Feeder Futures		08/25/22		15		USD	1,331,813		(19,804	)
Cocoa Futures		07/14/22		70		USD	1,880,900		43,311
Coffee “C” Futures		07/19/22		10		USD	849,188		11,218
Copper Futures		05/26/22		15		USD	1,781,625		101,985
Corn Futures		07/14/22		36		USD	1,319,400		28,786
Cotton No. 2 Futures		07/07/22		14		USD	924,490		102,056
DAX Index Futures		06/17/22		2		EUR	721,650		30,949
Euro-BTP Futures		06/08/22		44		EUR	6,085,640		(294,655	)
Euro-Bobl Futures		06/08/22		121		EUR	15,592,060		(548,908	)
Euro-Bund Futures		06/08/22		50		EUR	7,933,000		(438,688	)
Euro-Buxl 30 Year Bond Futures		06/08/22		19		EUR	3,537,800		(322,877	)
FTSE 100 Index Futures		06/17/22		12		GBP	898,320		62,546
Gold 100 oz. Futures		06/28/22		33		USD	6,448,200		(16,967	)
Goldman Sachs Commodity Index Futures		04/18/22		15		USD	2,719,875		(250,770	)
Hang Seng Index Futures		04/28/22		8		HKD	8,796,000		33,513
IBEX 35 Index Futures		04/14/22		6		EUR	504,954		15,790
Japanese Government 10 Year Bond Mini Futures		06/10/22		435		JPY	6,521,085,000		(317,596	)
LME Nickel Futures		06/13/22		11		USD	2,118,600		582,022
LME Primary Aluminum Futures		06/13/22		31		USD	2,705,913		188,519
LME Zinc Futures		06/13/22		23		USD	2,408,388		315,259
Lean Hogs Futures		06/14/22		9		USD	434,250		14,136
Live Cattle Futures		06/30/22		37		USD	2,029,450		42,782
Low Sulphur Gas Oil Futures		06/10/22		15		USD	1,443,375		160,776
MSCI Emerging Markets Index Mini Futures		06/17/22		206		USD	11,592,650		478,973
Natural Gas Futures		05/26/22		58		USD	3,306,580		541,969
New York Harbor ULSD Futures		05/31/22		9		USD	1,209,940		101,880
OMX Stockholm 30 Index Futures		04/13/22		27		SEK	5,629,500		14,341
RBOB Gasoline Futures		05/31/22		9		USD	1,170,968		41,037
Russell 2000 Index E-Mini Futures		06/17/22		129		USD	13,328,280		382,441
S&P 500 Index E-Mini Futures		06/17/22		46		USD	10,420,725		649,946
S&P TSX 60 Index Futures		06/16/22		7		CAD	1,843,940		29,674
SPI 200 Index Futures		06/16/22		9		AUD	1,682,775		63,082
Silver Futures		05/26/22		21		USD	2,638,965		257,036
Soybean Futures		07/14/22		12		USD	958,800		(28,351	)

BHFTI-275

Brighthouse Funds Trust I

PanAgora Global Diversified Risk Portfolio

Consolidated Schedule of Investments as of March 31, 2022 (Unaudited)

Futures Contracts—(Continued)

Futures Contracts—Long	Expiration Date		Number of Contracts			Notional Value				Value/ Unrealized Appreciation/ (Depreciation)
Soybean Meal Futures		07/14/22		22			USD	1,010,680		$	(28,089	)
Soybean Oil Futures		05/13/22		5			USD	209,820			12,474
Soybean Oil Futures		07/14/22		13			USD	535,392			(8,126	)
Sugar No. 11 Futures		06/30/22		59			USD	1,276,666			19,037
TOPIX Index Futures		06/09/22		6			JPY	116,790,000			88,154
U.S. Treasury Long Bond Futures		06/21/22		100			USD	15,006,250			(460,847	)
U.S. Treasury Note 10 Year Futures		06/21/22		306			USD	37,599,750			(1,145,089	)
U.S. Treasury Note 2 Year Futures		06/30/22		3			USD	635,766			(10,439	)
U.S. Treasury Note 5 Year Futures		06/30/22		167			USD	19,152,813			(531,960	)
U.S. Treasury Ultra Long Bond Futures		06/21/22		24			USD	4,251,000			(171,005	)
United Kingdom Long Gilt Bond Futures		06/28/22		119			GBP	14,426,370			(177,429	)
Wheat Futures		07/14/22		27			USD	1,352,700			(111,103	)
Futures Contracts—Short
LME Nickel Futures		06/13/22		(2	)		USD	(385,200	)		(111,367	)
LME Primary Aluminum Futures		06/13/22		(5	)		USD	(436,438	)		(35,330	)
LME Zinc Futures		06/13/22		(3	)		USD	(314,138	)		(46,360	)
Net Unrealized Depreciation										$	(2,440,228	)

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 SOFR		Annually	1.000%	Annually		09/21/24		USD	51,000,000	$	(1,639,584	)	$	(50,495	)	$	(1,589,088	)
Pay	12M SOFR		Annually	1.000%	Annually		06/15/27		USD	30,000,000		(1,838,424	)		(645,905	)		(1,192,519	)
Totals											$	(3,478,008	)	$	(696,400	)	$	(2,781,607	)

Glossary of Abbreviations

Counterparties

(BBH)—	Brown Brothers Harriman & Co.
(BBP)—	Barclays Bank plc
(BNP)—	BNP Paribas S.A.
(BNY)—	Bank of New York Mellon

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

(SOFR)— Secured Overnight Financing Rate

Other Abbreviations

(ADR)—	American Depositary Receipt
(ETF)—	Exchange-Traded Fund
(REIT)—	Real Estate Investment Trust

BHFTI-276

Brighthouse Funds Trust I

PanAgora Global Diversified Risk Portfolio

Consolidated Schedule of Investments as of March 31, 2022 (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 March 31, 2022:

Description	Level 1		Level 2		Level 3		Total
Total Foreign Government*	$	—	$	57,669,148	$	—	$	57,669,148
Common Stocks
Aerospace & Defense		346,177		54,106		—		400,283
Air Freight & Logistics		85,540		29,204		—		114,744
Airlines		157,372		27,141		—		184,513
Auto Components		63,930		64,399		—		128,329
Automobiles		42,384		164,987		—		207,371
Banks		588,440		497,686		—		1,086,126
Beverages		647,554		495,586		—		1,143,140
Biotechnology		447,909		126,000		—		573,909
Building Products		327,838		162,860		—		490,698
Capital Markets		607,909		321,899		—		929,808
Chemicals		1,380,051		801,146		—		2,181,197
Commercial Services & Supplies		235,990		56,830		—		292,820
Communications Equipment		164,578		43,135		—		207,713
Construction & Engineering		105,394		26,003		—		131,397
Construction Materials		153,546		57,538		—		211,084
Consumer Finance		81,728		—		—		81,728
Containers & Packaging		650,983		27,436		—		678,419
Distributors		87,612		—		—		87,612
Diversified Consumer Services		—		18,518		—		18,518
Diversified Financial Services		24,351		128,657		—		153,008
Diversified Telecommunication Services		600,105		1,767,735		—		2,367,840
Electric Utilities		2,698,522		2,122,823		—		4,821,345
Electrical Equipment		220,211		82,740		—		302,951
Electronic Equipment, Instruments & Components		349,904		343,145		—		693,049
Energy Equipment & Services		179,914		—		—		179,914
Entertainment		781,905		384,755		—		1,166,660
Equity Real Estate Investment Trusts		758,786		225,125		—		983,911
Food & Staples Retailing		911,960		952,781		—		1,864,741
Food Products		1,520,961		815,658		—		2,336,619
Gas Utilities		92,127		975,942		—		1,068,069
Health Care Equipment & Supplies		976,614		792,533		—		1,769,147
Health Care Providers & Services		680,583		190,451		0		871,034
Health Care Technology		27,507		15,960		—		43,467
Hotels, Restaurants & Leisure		757,042		240,094		—		997,136
Household Durables		207,454		163,354		—		370,808
Household Products		452,130		178,685		—		630,815
Independent Power and Renewable Electricity Producers		179,231		51,077		—		230,308
Industrial Conglomerates		91,710		70,430		—		162,140
Insurance		827,971		285,977		—		1,113,948
Interactive Media & Services		416,163		123,059		—		539,222
Internet & Direct Marketing Retail		173,980		96,114		—		270,094
IT Services		852,076		458,872		—		1,310,948

BHFTI-277

Brighthouse Funds Trust I

PanAgora Global Diversified Risk Portfolio

Consolidated Schedule of Investments as of March 31, 2022 (Unaudited)

Fair Value Hierarchy—(Continued)

Description	Level 1			Level 2			Level 3		Total
Leisure Products	$	46,285		$	55,728		$	—	$	102,013
Life Sciences Tools & Services		438,887			229,866			—		668,753
Machinery		543,049			347,753			—		890,802
Marine		—			14,776			—		14,776
Media		831,565			157,093			—		988,658
Metals & Mining		503,475			575,007			—		1,078,482
Multi-Utilities		1,349,906			458,678			—		1,808,584
Multiline Retail		418,208			98,922			—		517,130
Oil, Gas & Consumable Fuels		1,659,410			2,084,434			—		3,743,844
Paper & Forest Products		—			66,033			—		66,033
Personal Products		85,509			186,102			—		271,611
Pharmaceuticals		555,335			892,508			—		1,447,843
Professional Services		379,241			213,142			—		592,383
Real Estate Management & Development		71,570			209,988			—		281,558
Road & Rail		277,568			222,129			—		499,697
Semiconductors & Semiconductor Equipment		568,411			176,920			—		745,331
Software		758,279			424,235			—		1,182,514
Specialty Retail		500,468			135,203			—		635,671
Technology Hardware, Storage & Peripherals		178,531			251,610			—		430,141
Textiles, Apparel & Luxury Goods		285,048			232,809			—		517,857
Tobacco		193,526			75,800			—		269,326
Trading Companies & Distributors		149,702			91,254			—		240,956
Transportation Infrastructure		—			68,916			—		68,916
Water Utilities		94,683			103,009			—		197,692
Wireless Telecommunication Services		189,281			430,138			—		619,419
Total Common Stocks		30,034,079			21,242,494			0		51,276,573
Total U.S. Treasury & Government Agencies*		—			30,617,358			—		30,617,358
Total Mutual Funds*		5,852,045			—			—		5,852,045
Total Preferred Stocks*		—			42,925			—		42,925
Short-Term Investments
Mutual Funds		9,207,452			—			—		9,207,452
Repurchase Agreement		—			18,375,018			—		18,375,018
U.S. Treasury		—			37,865,517			—		37,865,517
Total Short-Term Investments		9,207,452			56,240,535			—		65,447,987
Total Investments	$	45,093,576		$	165,812,460		$	0	$	210,906,036
Forward Contracts
Forward Foreign Currency Exchange Contracts (Unrealized Appreciation)	$	—		$	105,172		$	—	$	105,172
Forward Foreign Currency Exchange Contracts (Unrealized Depreciation)		—			(371,692	)		—		(371,692	)
Total Forward Contracts	$	—		$	(266,520	)	$	—	$	(266,520	)
Futures Contracts
Futures Contracts (Unrealized Appreciation)	$	4,471,184		$	—		$	—	$	4,471,184
Futures Contracts (Unrealized Depreciation)		(6,911,412	)		—			—		(6,911,412	)
Total Futures Contracts	$	(2,440,228	)	$	—		$	—	$	(2,440,228	)
Centrally Cleared Swap Contracts
Centrally Cleared Swap Contracts (Unrealized Depreciation)	$	—		$	(2,781,607	)	$	—	$	(2,781,607	)

* 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 March 31, 2022 is not presented.

BHFTI-278

Brighthouse Funds Trust I

PanAgora Global Diversified Risk Portfolio II

Consolidated Schedule of Investments as of March 31, 2022 (Unaudited)

Common Stocks—22.1% of Net Assets

Security Description	Shares		Value
Aerospace & Defense—0.2%
Boeing Co. (The) (a)		2,162	$	414,023
CAE, Inc. (a)		10,160		264,453
Huntington Ingalls Industries, Inc.		2,926		583,561
L3Harris Technologies, Inc.		2,861		710,873
Lockheed Martin Corp.		1,559		688,143
Raytheon Technologies Corp.		6,131		607,398
Rolls-Royce Holdings plc (a)		107,901		141,868
Textron, Inc.		6,758		502,660
Thales S.A.		1,394		176,027
TransDigm Group, Inc. (a)		788		513,414
				4,602,420
Air Freight & Logistics—0.1%
C.H. Robinson Worldwide, Inc.		7,615		820,212
Expeditors International of Washington, Inc.		5,705		588,528
FedEx Corp.		2,793		646,272
SG Holdings Co., Ltd.		6,900		130,037
United Parcel Service, Inc. - Class B		2,686		576,039
				2,761,088
Airlines—0.1%
Air Canada (a)		11,032		213,995
ANA Holdings, Inc. (a)		7,700		160,756
Delta Air Lines, Inc. (a)		10,850		429,334
Japan Airlines Co., Ltd. (a)		7,700		143,314
Qantas Airways, Ltd. (a)		40,567		155,859
Southwest Airlines Co. (a)		11,829		541,768
United Airlines Holdings, Inc. (a)		8,385		388,729
				2,033,755
Auto Components—0.1%
Aisin Corp.		6,700		228,923
Aptiv plc (a)		4,313		516,309
Bridgestone Corp.		7,200		278,651
Continental AG (a)		2,460		177,443
Denso Corp.		2,800		178,672
Magna International, Inc.		8,794		564,577
Stanley Electric Co., Ltd.		8,700		164,298
Sumitomo Electric Industries, Ltd.		16,900		200,993
				2,309,866
Automobiles—0.1%
Bayerische Motoren Werke AG		2,185		189,252
Ferrari NV		2,253		492,693
Stellantis NV (Milan-Traded Shares)		19,340		313,627
Subaru Corp.		17,000		270,061
Tesla, Inc. (a)		436		469,834
Toyota Motor Corp.		14,500		259,746
				1,995,213
Banks—0.5%
ABN AMRO Bank NV (ADR)		8,246		105,491
Bank Hapoalim B.M.		16,973		167,344
Bank Leumi Le-Israel B.M.		14,735		158,181
Bank of America Corp.		10,640		438,581
Banks—(Continued)
Bank of Montreal		1,772	$	208,518
BOC Hong Kong Holdings, Ltd.		178,000		669,782
CaixaBank S.A.		42,251		142,403
Canadian Imperial Bank of Commerce		1,446		175,523
Chiba Bank, Ltd. (The)		24,400		143,824
Citigroup, Inc.		6,851		365,843
Comerica, Inc.		4,564		412,723
Commerzbank AG (a)		8,411		64,222
Concordia Financial Group, Ltd.		40,400		150,714
Credit Agricole S.A.		22,336		266,851
Danske Bank A/S		7,087		117,123
DNB Bank ASA		14,344		324,754
Erste Group Bank AG		4,860		176,264
Fifth Third Bancorp		7,479		321,896
Hang Seng Bank, Ltd.		40,300		775,189
HSBC Holdings plc (Hong Kong-Traded Shares)		15,494		106,166
Huntington Bancshares, Inc.		30,296		442,928
ING Groep NV		18,675		195,168
Japan Post Bank Co., Ltd.		35,400		285,111
JPMorgan Chase & Co.		3,382		461,034
KBC Group NV		2,797		201,159
Mitsubishi UFJ Financial Group, Inc.		32,300		200,492
Mizrahi Tefahot Bank, Ltd.		3,968		154,354
Mizuho Financial Group, Inc.		11,300		144,639
NatWest Group plc		47,772		134,422
People’s United Financial, Inc.		34,551		690,674
Regions Financial Corp.		17,058		379,711
Resona Holdings, Inc.		39,800		170,433
Royal Bank of Canada		2,050		225,703
Societe Generale S.A.		5,443		145,609
Sumitomo Mitsui Financial Group, Inc.		6,100		194,677
Sumitomo Mitsui Trust Holdings, Inc.		5,900		192,750
SVB Financial Group (a)		593		331,754
Swedbank AB - A Shares		10,206		152,313
Toronto-Dominion Bank (The)		1,941		154,004
Truist Financial Corp.		7,417		420,544
U.S. Bancorp		8,492		451,350
Wells Fargo & Co.		8,869		429,792
Zions Bancorp N.A.		8,030		526,447
				11,976,460
Beverages—0.5%
Anheuser-Busch InBev S.A.		8,680		520,620
Asahi Group Holdings, Ltd.		5,900		214,191
Brown-Forman Corp. - Class B		15,553		1,042,362
Budweiser Brewing Co. APAC, Ltd.		80,300		213,111
Carlsberg AS - Class B		3,949		482,151
Coca-Cola Co. (The)		18,534		1,149,108
Coca-Cola Europacific Partners plc		8,322		404,532
Coca-Cola HBC AG		10,294		214,671
Constellation Brands, Inc. - Class A		4,511		1,038,973
Davide Campari-Milano NV		35,121		408,524
Diageo plc		9,269		468,485
Heineken Holding NV		4,882		382,098
Heineken NV		3,826		364,767
Ito En, Ltd.		10,700		525,004

BHFTI-279

Brighthouse Funds Trust I

PanAgora Global Diversified Risk Portfolio II

Consolidated Schedule of Investments as of March 31, 2022 (Unaudited)

Common Stocks—(Continued)

Security Description	Shares		Value
Beverages—(Continued)
Kirin Holdings Co., Ltd.		17,900	$	267,707
Molson Coors Beverage Co. - Class B		22,839		1,219,146
Monster Beverage Corp. (a)		14,232		1,137,137
PepsiCo, Inc.		6,352		1,063,198
Pernod Ricard S.A.		1,229		269,547
Remy Cointreau S.A.		1,721		354,585
Suntory Beverage & Food, Ltd.		13,100		499,529
Treasury Wine Estates, Ltd.		53,794		460,786
				12,700,232
Biotechnology—0.2%
AbbVie, Inc.		3,795		615,207
Amgen, Inc.		2,965		716,996
Argenx SE (a)		1,584		498,084
Biogen, Inc. (a)		2,528		532,397
CSL, Ltd.		2,502		496,890
Genmab A/S (a)		1,640		594,109
Gilead Sciences, Inc.		8,687		516,442
Incyte Corp. (a)		8,369		664,666
Moderna, Inc. (a)		2,656		457,523
Regeneron Pharmaceuticals, Inc. (a)		845		590,165
Vertex Pharmaceuticals, Inc. (a)		2,292		598,143
				6,280,622
Building Products—0.2%
A.O. Smith Corp.		8,454		540,126
Carrier Global Corp.		9,626		441,545
Fortune Brands Home & Security, Inc.		6,786		504,064
Johnson Controls International plc		9,399		616,292
Kingspan Group plc		1,856		180,388
Lixil Corp.		7,000		130,263
Masco Corp.		13,023		664,173
Nibe Industrier AB - B Shares		34,279		377,787
Rockwool International A/S - B Shares		514		169,769
TOTO, Ltd.		6,200		249,043
Trane Technologies plc		4,029		615,228
Xinyi Glass Holdings, Ltd.		65,000		156,149
				4,644,827
Capital Markets—0.3%
3i Group plc		9,488		171,628
Ameriprise Financial, Inc.		1,293		388,365
ASX, Ltd.		3,556		215,849
Brookfield Asset Management, Inc. - Class A		3,014		170,403
Charles Schwab Corp. (The)		3,939		332,097
Daiwa Securities Group, Inc.		24,300		137,592
Deutsche Boerse AG		971		174,429
Franklin Resources, Inc.		16,299		455,068
Goldman Sachs Group, Inc. (The)		2,053		677,695
Hong Kong Exchanges & Clearing, Ltd.		8,900		419,430
Japan Exchange Group, Inc.		10,200		190,054
London Stock Exchange Group plc		1,958		204,563
Macquarie Group, Ltd.		1,506		226,546
MarketAxess Holdings, Inc.		1,218		414,364
Morgan Stanley		4,183		365,594
Capital Markets—(Continued)
Northern Trust Corp.		4,691		546,267
Onex Corp.		2,573		172,432
S&P Global, Inc.		1,559		639,471
Singapore Exchange, Ltd.		19,800		145,198
State Street Corp.		5,096		443,964
T. Rowe Price Group, Inc.		2,685		405,945
TMX Group, Ltd.		3,415		351,238
				7,248,192
Chemicals—1.0%
Air Liquide S.A.		1,534		268,357
Air Products & Chemicals, Inc.		4,444		1,110,600
Akzo Nobel NV		2,566		220,461
Albemarle Corp.		3,461		765,400
Arkema S.A.		1,273		151,872
Asahi Kasei Corp.		23,200		200,826
BASF SE		2,360		134,578
Celanese Corp.		4,376		625,199
CF Industries Holdings, Inc.		10,256		1,056,983
Chr Hansen Holding A/S		10,639		781,826
Clariant AG		14,770		255,757
Corteva, Inc.		26,799		1,540,407
Covestro AG		3,928		198,475
Croda International plc		2,710		278,512
Dow, Inc.		16,048		1,022,579
DuPont de Nemours, Inc.		12,419		913,790
Eastman Chemical Co.		6,699		750,690
Ecolab, Inc.		6,036		1,065,716
EMS-Chemie Holding AG		334		323,119
Evonik Industries AG		6,429		178,744
FMC Corp.		9,799		1,289,254
Givaudan S.A.		133		547,487
ICL Group, Ltd.		25,362		301,521
International Flavors & Fragrances, Inc.		7,741		1,016,626
Johnson Matthey plc		13,116		321,393
JSR Corp.		6,900		203,449
Kansai Paint Co., Ltd.		9,000		144,601
Koninklijke DSM NV		1,713		306,146
LANXESS AG		4,377		193,571
Linde plc		3,533		1,128,546
LyondellBasell Industries NV - Class A		7,527		773,926
Mitsubishi Chemical Holdings Corp.		37,700		250,850
Mosaic Co. (The)		16,455		1,094,258
Nippon Paint Holdings Co., Ltd.		19,900		174,625
Nippon Sanso Holdings Corp.		10,300		195,715
Nissan Chemical Corp.		4,600		269,980
Nitto Denko Corp.		2,700		193,502
Novozymes A/S - B Shares		9,964		681,952
Nutrien, Ltd.		3,667		379,034
Orica, Ltd.		38,257		453,061
PPG Industries, Inc.		5,195		680,909
Sherwin-Williams Co. (The)		2,708		675,971
Shin-Etsu Chemical Co., Ltd.		1,300		198,101
Sika AG		1,032		339,999
Solvay S.A.		4,472		440,289
Sumitomo Chemical Co., Ltd.		48,700		223,245

BHFTI-280

Brighthouse Funds Trust I

PanAgora Global Diversified Risk Portfolio II

Consolidated Schedule of Investments as of March 31, 2022 (Unaudited)

Common Stocks—(Continued)

Security Description	Shares		Value
Chemicals—(Continued)
Symrise AG		2,443	$	293,289
Toray Industries, Inc.		34,700		180,859
Tosoh Corp.		12,100		178,938
Umicore S.A.		10,609		458,278
				25,433,266
Commercial Services & Supplies—0.1%
Brambles, Ltd.		31,518		232,416
Cintas Corp.		1,428		607,457
GFL Environmental, Inc.		10,366		337,145
Rentokil Initial plc		39,505		272,095
Ritchie Bros Auctioneers, Inc.		8,996		531,348
Rollins, Inc.		25,093		879,509
Securitas AB - B Shares		14,937		168,293
Sohgo Security Services Co., Ltd.		10,100		329,826
TOPPAN, Inc.		7,600		134,265
				3,492,354
Communications Equipment—0.1%
Cisco Systems, Inc.		9,353		521,523
F5, Inc. (a)		2,665		556,852
Juniper Networks, Inc.		18,269		678,876
Nokia Oyj (a)		35,220		193,882
Telefonaktiebolaget LM Ericsson - B Shares		36,967		338,248
				2,289,381
Construction & Engineering—0.1%
ACS Actividades de Construccion y Servicios S.A.		9,225		247,973
Ferrovial S.A.		6,905		182,802
Obayashi Corp.		17,800		130,884
Quanta Services, Inc.		4,867		640,546
Shimizu Corp.		25,700		154,458
WSP Global, Inc.		2,805		372,257
				1,728,920
Construction Materials—0.1%
CRH plc		9,691		388,024
HeidelbergCement AG		2,651		151,614
James Hardie Industries plc (ADR)		10,767		324,020
Martin Marietta Materials, Inc.		2,098		807,499
Vulcan Materials Co.		5,100		936,870
				2,608,027
Consumer Finance—0.1%
American Express Co.		2,496		466,752
Capital One Financial Corp.		2,692		353,433
Discover Financial Services		2,933		323,187
Synchrony Financial		9,317		324,325
				1,467,697
Containers & Packaging—0.3%
AMCOR plc		95,690		1,084,168
Avery Dennison Corp.		4,502		783,213
Ball Corp.		11,472		1,032,480
Containers & Packaging—(Continued)
CCL Industries, Inc. - Class B		4,654		209,963
International Paper Co.		24,537		1,132,382
Packaging Corp. of America		7,417		1,157,868
Sealed Air Corp.		12,247		820,059
Smurfit Kappa Group plc		10,057		445,754
WestRock Co.		21,406		1,006,724
				7,672,611
Distributors—0.0%
LKQ Corp.		10,665		484,298
Pool Corp.		1,212		512,494
				996,792
Diversified Consumer Services—0.0%
IDP Education, Ltd.		13,480		314,384
Diversified Financial Services—0.0%
EXOR NV		1,991		151,858
L E Lundbergforetagen AB - B Shares		3,018		153,308
Mitsubishi HC Capital, Inc.		31,200		145,215
Sofina S.A.		919		333,273
Wendel S.E.		1,587		161,473
				945,127
Diversified Telecommunication Services—0.9%
AT&T, Inc.		98,233		2,321,246
BT Group plc		155,225		369,964
Deutsche Telekom AG		31,936		596,473
HKT Trust & HKT, Ltd.		608,000		834,416
Koninklijke KPN NV		432,030		1,500,446
Lumen Technologies, Inc.		175,129		1,973,704
Nippon Telegraph & Telephone Corp.		25,000		726,421
Orange S.A.		50,375		595,670
Proximus SADP		49,349		918,488
Singapore Telecommunications, Ltd.		2,074,400		4,028,788
Swisscom AG		9,288		5,576,404
Telefonica Deutschland Holding AG		280,483		766,103
Telia Co. AB		517,787		2,073,536
Telstra Corp., Ltd.		148,247		437,196
United Internet AG		14,276		490,991
Verizon Communications, Inc.		32,805		1,671,087
				24,880,933
Electric Utilities—1.9%
Alliant Energy Corp.		25,539		1,595,677
American Electric Power Co., Inc.		20,734		2,068,631
Chubu Electric Power Co., Inc.		311,600		3,228,371
CK Infrastructure Holdings, Ltd.		201,500		1,348,319
CLP Holdings, Ltd.		314,000		3,059,893
Constellation Energy Corp.		27,775		1,562,344
Duke Energy Corp.		19,211		2,145,100
Edison International		26,716		1,872,792
Electricite de France S.A.		165,385		1,558,147
Elia Group S.A.		4,124		629,458
Emera, Inc.		14,591		723,277

BHFTI-281

Brighthouse Funds Trust I

PanAgora Global Diversified Risk Portfolio II

Consolidated Schedule of Investments as of March 31, 2022 (Unaudited)

Common Stocks—(Continued)

Security Description	Shares		Value
Electric Utilities—(Continued)
Endesa S.A.		10,670	$	232,850
Enel S.p.A.		40,845		272,765
Entergy Corp.		13,560		1,583,130
Evergy, Inc.		23,767		1,624,237
Eversource Energy		21,512		1,897,143
Exelon Corp.		33,896		1,614,466
FirstEnergy Corp.		32,263		1,479,581
Fortis, Inc.		11,726		579,945
Fortum Oyj		17,983		326,451
HK Electric Investments & HK Electric Investments, Ltd.		241,000		235,260
Iberdrola S.A.		22,963		249,937
Kansai Electric Power Co., Inc. (The)		395,600		3,732,402
NextEra Energy, Inc.		23,923		2,026,517
NRG Energy, Inc.		30,701		1,177,690
Origin Energy, Ltd.		50,871		235,401
Pinnacle West Capital Corp.		28,598		2,233,504
Power Assets Holdings, Ltd.		294,500		1,918,296
PPL Corp.		67,285		1,921,660
Red Electrica Corp. S.A.		14,932		306,667
Southern Co. (The)		27,195		1,971,909
SSE plc		31,788		727,862
Terna - Rete Elettrica Nazionale		52,187		448,841
Tokyo Electric Power Co. Holdings, Inc. (a)		640,200		2,116,603
Xcel Energy, Inc.		26,733		1,929,321
				50,634,447
Electrical Equipment—0.1%
Ballard Power Systems, Inc. (a)		46,004		535,422
Eaton Corp. plc		4,625		701,890
Emerson Electric Co.		7,288		714,588
Generac Holdings, Inc. (a)		1,702		505,937
Prysmian S.p.A.		4,816		164,050
Siemens Gamesa Renewable Energy S.A. (a)		13,930		244,540
Vestas Wind Systems A/S		6,149		181,550
				3,047,977
Electronic Equipment, Instruments & Components—0.3%
Azbil Corp.		8,000		266,462
CDW Corp.		2,550		456,169
Corning, Inc.		14,469		534,051
Halma plc		16,132		526,576
Hamamatsu Photonics KK		6,400		340,618
Hexagon AB - B Shares		19,521		273,874
Hirose Electric Co., Ltd.		2,600		377,794
Ibiden Co., Ltd.		6,300		309,031
IPG Photonics Corp. (a)		4,074		447,162
Keyence Corp.		600		278,957
Kyocera Corp.		5,500		309,148
Murata Manufacturing Co., Ltd.		3,700		244,591
Omron Corp.		2,800		186,684
Teledyne Technologies, Inc. (a)		1,631		770,859
Trimble, Inc. (a)		9,032		651,568
Yokogawa Electric Corp.		12,400		211,544
Zebra Technologies Corp. - Class A (a)		1,071		443,073
				6,628,161
Energy Equipment & Services—0.1%
Baker Hughes Co.		27,812		1,012,635
Halliburton Co.		21,577		817,121
Schlumberger NV		17,787		734,781
				2,564,537
Entertainment—0.6%
Activision Blizzard, Inc.		14,647		1,173,371
Bollore SE		45,872		239,605
Capcom Co., Ltd.		23,700		573,129
Electronic Arts, Inc.		10,129		1,281,420
Embracer Group AB (a)		122,065		1,022,932
Koei Tecmo Holdings Co., Ltd.		11,700		382,612
Konami Holdings Corp.		6,500		410,848
Live Nation Entertainment, Inc. (a)		8,372		984,882
Netflix, Inc. (a)		2,477		927,859
Nexon Co., Ltd.		29,700		710,700
Nintendo Co., Ltd.		900		454,107
Sea, Ltd. (ADR) (a)		19,385		2,322,129
Square Enix Holdings Co., Ltd.		8,400		371,843
Take-Two Interactive Software, Inc. (a)		6,940		1,066,956
Toho Co., Ltd.		14,300		540,657
Ubisoft Entertainment S.A. (a)		8,799		387,363
Universal Music Group NV		28,838		765,580
Walt Disney Co. (The) (a)		7,849		1,076,569
				14,692,562
Equity Real Estate Investment Trusts—0.5%
Alexandria Real Estate Equities, Inc.		3,025		608,781
American Tower Corp.		2,004		503,445
Ascendas Real Estate Investment Trust		106,700		230,089
Canadian Apartment Properties		4,719		202,515
CapitaLand Integrated Commercial Trust		122,000		202,040
Covivio		1,378		109,330
Crown Castle International Corp.		4,321		797,657
Digital Realty Trust, Inc.		2,885		409,093
Equinix, Inc.		642		476,120
Equity Residential		5,224		469,742
Extra Space Storage, Inc.		1,945		399,892
Goodman Group		14,647		248,776
Healthpeak Properties, Inc.		13,192		452,881
Host Hotels & Resorts, Inc.		27,228		529,040
Iron Mountain, Inc.		10,149		562,356
Japan Metropolitan Fund Invest		131		110,696
Japan Real Estate Investment Corp.		50		262,000
Kimco Realty Corp.		17,143		423,432
Link		92,500		788,414
Mirvac Group		83,926		155,365
Nippon Building Fund, Inc.		51		289,615
ProLogis, Inc.		3,342		539,666
Public Storage		1,391		542,880
Realty Income Corp.		6,371		441,510
Regency Centers Corp.		5,949		424,402
RioCan Real Estate Investment Trust		9,144		184,540
Scentre Group		75,506		170,996
Segro plc		12,583		221,663
UDR, Inc.		8,820		506,003

BHFTI-282

Brighthouse Funds Trust I

PanAgora Global Diversified Risk Portfolio II

Consolidated Schedule of Investments as of March 31, 2022 (Unaudited)

Common Stocks—(Continued)

Security Description	Shares		Value
Equity Real Estate Investment Trusts—(Continued)
Unibail-Rodamco-Westfield (a)		1,687	$	126,209
Ventas, Inc.		7,419		458,198
Vicinity Centres		124,221		171,757
Vornado Realty Trust		9,598		434,981
Welltower, Inc.		4,879		469,067
Weyerhaeuser Co.		10,973		415,877
				13,339,028
Food & Staples Retailing—0.7%
Aeon Co., Ltd.		19,800		422,409
Alimentation Couche-Tard, Inc.		9,080		409,059
Carrefour S.A.		15,157		328,812
Coles Group, Ltd.		47,750		636,448
Cosmos Pharmaceutical Corp.		3,300		400,840
Costco Wholesale Corp.		1,617		931,149
Empire Co., Ltd.		23,650		838,812
Endeavour Group, Ltd.		70,511		383,622
Etablissements Franz Colruyt NV		31,758		1,316,891
George Weston, Ltd.		4,401		541,962
HelloFresh SE (a)		11,605		524,394
J Sainsbury plc		151,647		502,145
Kesko Oyj - B Shares		7,904		218,158
Kobe Bussan Co., Ltd.		10,100		310,255
Koninklijke Ahold Delhaize NV		32,160		1,033,823
Kroger Co. (The)		18,332		1,051,707
Lawson, Inc.		28,100		1,073,955
Loblaw Cos., Ltd.		7,760		696,330
Metro, Inc.		21,489		1,236,930
Ocado Group plc (a)		22,039		336,882
Seven & i Holdings Co., Ltd.		12,000		570,963
Sysco Corp.		12,469		1,018,094
Tesco plc		115,553		417,763
Tsuruha Holdings, Inc.		5,300		336,602
Walgreens Boots Alliance, Inc.		23,143		1,036,112
Walmart, Inc.		8,221		1,224,271
Welcia Holdings Co., Ltd.		20,200		497,015
Woolworths Group, Ltd.		28,995		805,340
				19,100,743
Food Products—1.0%
Ajinomoto Co., Inc.		34,200		971,179
Archer-Daniels-Midland Co.		14,332		1,293,606
Associated British Foods plc		12,313		267,406
Barry Callebaut AG		388		908,557
Campbell Soup Co.		34,854		1,553,443
Chocoladefabriken Lindt & Spruengli AG		9		1,087,147
Conagra Brands, Inc.		44,187		1,483,357
Danone S.A.		4,214		232,140
General Mills, Inc.		18,636		1,262,030
Hershey Co. (The)		5,329		1,154,421
Hormel Foods Corp.		31,453		1,621,088
J.M. Smucker Co. (The)		10,949		1,482,604
JDE Peet’s NV		13,266		379,529
Kellogg Co.		22,559		1,454,830
Kerry Group plc - Class A		10,197		1,139,347
Kikkoman Corp.		3,800		251,678
Food Products—(Continued)
Kraft Heinz Co. (The)		39,628		1,560,947
Lamb Weston Holdings, Inc.		16,718		1,001,575
McCormick & Co., Inc.		15,141		1,511,072
MEIJI Holdings Co., Ltd.		16,700		905,695
Mondelez International, Inc. - Class A		15,194		953,879
Mowi ASA		10,277		277,050
Nisshin Seifun Group, Inc.		33,800		471,867
Nissin Foods Holdings Co., Ltd.		8,600		603,913
Orkla ASA		34,981		311,098
Saputo, Inc.		15,746		372,946
Toyo Suisan Kaisha, Ltd.		20,800		743,816
Tyson Foods, Inc. - Class A		11,430		1,024,471
Yakult Honsha Co., Ltd.		8,400		448,348
				26,729,039
Gas Utilities—0.4%
AltaGas, Ltd.		10,370		232,260
APA Group		68,085		539,919
Atmos Energy Corp.		9,029		1,078,875
Enagas S.A.		10,223		227,167
Hong Kong & China Gas Co., Ltd.		1,575,000		1,905,143
Naturgy Energy Group S.A.		10,000		298,626
Osaka Gas Co., Ltd.		200,600		3,443,910
Snam S.p.A.		78,165		451,401
Tokyo Gas Co., Ltd.		198,600		3,638,028
				11,815,329
Health Care Equipment & Supplies—0.7%
Abbott Laboratories		4,031		477,109
ABIOMED, Inc. (a)		1,812		600,207
Alcon, Inc.		8,969		708,489
Align Technology, Inc. (a)		1,035		451,260
Ambu A/S - Class B		37,608		552,307
Asahi Intecc Co., Ltd.		12,300		240,669
Baxter International, Inc.		5,797		449,499
Becton Dickinson & Co.		1,921		510,986
BioMerieux		3,567		380,195
Carl Zeiss Meditec AG		2,731		442,825
Cochlear, Ltd.		2,510		418,163
Coloplast A/S - Class B		5,841		884,634
Cooper Cos., Inc. (The)		1,597		666,891
Demant A/S (a)		11,596		524,563
Dentsply Sirona, Inc.		9,391		462,225
DexCom, Inc. (a)		1,201		614,432
DiaSorin S.p.A.		3,899		610,513
Edwards Lifesciences Corp. (a)		4,954		583,185
Getinge AB - B Shares		5,888		234,372
GN Store Nord AS		10,106		493,181
Hologic, Inc. (a)		8,131		624,623
Hoya Corp.		2,400		273,868
IDEXX Laboratories, Inc. (a)		997		545,419
Inmode, Ltd. (a)		13,468		497,104
Intuitive Surgical, Inc. (a)		1,764		532,163
Medtronic plc		7,717		856,201
Olympus Corp.		14,800		281,176
ResMed, Inc.		2,228		540,312

BHFTI-283

Brighthouse Funds Trust I

PanAgora Global Diversified Risk Portfolio II

Consolidated Schedule of Investments as of March 31, 2022 (Unaudited)

Common Stocks—(Continued)

Security Description	Shares		Value
Health Care Equipment & Supplies—(Continued)
Siemens Healthineers AG		6,724	$	416,946
Smith & Nephew plc		23,730		378,247
Sonova Holding AG		1,717		716,162
STERIS plc		2,106		509,168
Straumann Holding AG		335		536,048
Stryker Corp.		1,899		507,698
Sysmex Corp.		4,100		297,719
Teleflex, Inc.		1,709		606,404
Terumo Corp.		10,800		327,086
Zimmer Biomet Holdings, Inc.		5,453		697,439
Zimvie, Inc.		545		12,448
				19,461,936
Health Care Providers & Services—0.3%
AmerisourceBergen Corp.		3,289		508,841
Amplifon S.p.A.		5,595		249,828
Anthem, Inc.		1,178		578,657
Cardinal Health, Inc.		8,631		489,378
Centene Corp. (a)		6,854		577,038
DaVita, Inc. (a)		4,186		473,478
Fresenius Medical Care AG & Co. KGaA		4,142		277,773
Fresenius SE & Co. KGaA		7,124		262,136
HCA Healthcare, Inc.		1,895		474,925
Henry Schein, Inc. (a)		5,759		502,127
Humana, Inc.		1,181		513,936
Laboratory Corp. of America Holdings (a)		2,078		547,885
McKesson Corp.		1,844		564,504
Medipal Holdings Corp.		22,300		367,498
Quest Diagnostics, Inc.		4,018		549,903
Ramsay Health Care, Ltd.		10,981		531,817
Sonic Healthcare, Ltd.		21,252		559,610
UnitedHealth Group, Inc.		1,191		607,374
Universal Health Services, Inc. - Class B		3,928		569,364
				9,206,072
Health Care Technology—0.0%
Cerner Corp.		5,066		473,975
M3, Inc.		6,800		246,102
				720,077
Hotels, Restaurants & Leisure—0.4%
Accor S.A. (a)		4,947		158,534
Aristocrat Leisure, Ltd.		10,036		272,089
Booking Holdings, Inc. (a)		244		573,022
Caesars Entertainment, Inc. (a)		5,792		448,069
Chipotle Mexican Grill, Inc. (a)		413		653,378
Compass Group plc		8,794		189,520
Darden Restaurants, Inc.		4,054		538,979
Domino’s Pizza Enterprises, Ltd.		4,881		318,020
Domino’s Pizza, Inc.		1,255		510,798
Entain plc (a)		8,704		186,688
Expedia Group, Inc. (a)		2,694		527,135
Flutter Entertainment plc (a)		3,433		393,785
Hilton Worldwide Holdings, Inc. (a)		3,894		590,876
InterContinental Hotels Group plc		2,871		194,415
Hotels, Restaurants & Leisure—(Continued)
La Francaise des Jeux SAEM		4,404		174,562
Las Vegas Sands Corp. (a)		11,464		445,606
Marriott International, Inc. - Class A (a)		2,738		481,204
McDonald’s Holdings Co. Japan, Ltd.		13,000		541,465
Oriental Land Co., Ltd.		2,200		420,027
Restaurant Brands International, Inc.		15,602		911,547
Sodexo S.A.		3,073		249,475
Starbucks Corp.		6,675		607,225
Tabcorp Holdings, Ltd.		70,446		279,354
Whitbread plc (a)		4,293		159,755
Wynn Resorts, Ltd. (a)		5,211		415,525
				10,241,053
Household Durables—0.2%
Berkeley Group Holdings plc		4,224		205,599
Garmin, Ltd.		6,959		825,407
Mohawk Industries, Inc. (a)		3,564		442,649
Newell Brands, Inc.		27,635		591,665
NVR, Inc. (a)		149		665,623
Open House Group Co., Ltd.		3,900		172,578
Persimmon plc		6,131		172,442
PulteGroup, Inc.		13,589		569,379
Sekisui Chemical Co., Ltd.		12,100		173,302
Sekisui House, Ltd.		11,500		222,980
Sony Group Corp.		2,800		288,991
Whirlpool Corp.		2,993		517,131
				4,847,746
Household Products—0.3%
Church & Dwight Co., Inc.		12,760		1,268,089
Clorox Co. (The)		8,165		1,135,180
Colgate-Palmolive Co.		11,782		893,429
Essity AB - Class B		11,208		264,077
Henkel AG & Co. KGaA		6,430		426,202
Kimberly-Clark Corp.		7,718		950,549
Lion Corp.		44,900		500,518
Procter & Gamble Co. (The)		9,051		1,382,993
Reckitt Benckiser Group plc		7,116		543,925
Unicharm Corp.		16,200		576,118
				7,941,080
Independent Power and Renewable Electricity Producers—0.1%
AES Corp. (The)		67,361		1,733,198
Uniper SE		32,257		829,613
				2,562,811
Industrial Conglomerates—0.1%
3M Co.		4,248		632,442
CK Hutchison Holdings, Ltd.		99,500		729,500
General Electric Co.		4,536		415,044
Hitachi, Ltd.		2,900		145,314
Jardine Matheson Holdings, Ltd.		3,400		186,484
Siemens AG		1,330		184,288
Smiths Group plc		11,028		209,045
				2,502,117

BHFTI-284

Brighthouse Funds Trust I

PanAgora Global Diversified Risk Portfolio II

Consolidated Schedule of Investments as of March 31, 2022 (Unaudited)

Common Stocks—(Continued)

Security Description	Shares		Value
Insurance—0.5%
Admiral Group plc		6,107	$	204,578
Aflac, Inc.		7,035		452,984
Ageas SA		5,312		267,329
AIA Group, Ltd.		42,000		439,716
Allstate Corp. (The)		3,669		508,193
Aon plc - Class A		1,826		594,600
Arthur J. Gallagher & Co.		2,703		471,944
Baloise Holding AG		853		152,000
Brown & Brown, Inc.		8,854		639,879
Chubb, Ltd.		2,354		503,521
Cincinnati Financial Corp.		3,311		450,164
CNP Assurances		5,131		123,713
Dai-ichi Life Holdings, Inc.		7,400		150,546
Everest Re Group, Ltd.		1,561		470,454
Fairfax Financial Holdings, Ltd.		368		200,765
Gjensidige Forsikring ASA		12,227		303,329
Hartford Financial Services Group, Inc. (The)		5,399		387,702
iA Financial Corp., Inc.		3,320		201,858
Insurance Australia Group, Ltd.		47,721		155,404
Intact Financial Corp.		1,865		275,569
Japan Post Holdings Co., Ltd.		32,600		239,461
Japan Post Insurance Co., Ltd.		8,000		139,943
Lincoln National Corp.		5,128		335,166
Medibank Private, Ltd.		101,351		232,075
MS&AD Insurance Group Holdings, Inc.		7,400		240,429
NN Group NV		2,183		110,025
Poste Italiane S.p.A.		14,726		167,054
Principal Financial Group, Inc.		5,836		428,421
Progressive Corp. (The)		3,812		434,530
Prudential Financial, Inc.		7,068		835,226
Prudential plc		8,824		130,346
Sampo Oyj - A Shares		2,906		141,847
Sompo Holdings, Inc.		3,900		171,550
Suncorp Group, Ltd.		20,830		172,241
Swiss Life Holding AG		200		127,657
Swiss Re AG		1,255		119,423
T&D Holdings, Inc.		10,000		135,668
Tokio Marine Holdings, Inc.		3,700		215,200
Travelers Cos., Inc. (The)		3,885		709,906
Tryg A/S		6,246		151,433
W.R. Berkley Corp.		7,421		494,131
Zurich Insurance Group AG		304		149,881
				12,835,861
Interactive Media & Services—0.3%
Alphabet, Inc. - Class A (a)		393		1,093,071
Auto Trader Group plc		83,961		695,041
Kakaku.com, Inc.		14,600		326,536
Match Group, Inc. (a)		11,256		1,223,977
Meta Platforms, Inc. - Class A (a)		6,099		1,356,174
Scout24 SE		7,905		453,464
Twitter, Inc. (a)		29,935		1,158,185
Z Holdings Corp.		67,900		294,813
				6,601,261
Internet & Direct Marketing Retail—0.1%
Amazon.com, Inc. (a)		231		753,048
Delivery Hero SE (a)		4,163		183,374
eBay, Inc.		10,813		619,152
Etsy, Inc. (a)		4,165		517,626
Fiverr International, Ltd. (a)		1,854		141,034
Just Eat Takeaway.com NV (a)		7,349		246,676
Prosus NV		3,612		191,210
Rakuten Group, Inc.		29,300		230,985
Zalando SE (a)		2,931		148,781
ZOZO, Inc.		7,200		191,277
				3,223,163
IT Services—0.6%
Accenture plc - Class A		2,268		764,838
Adyen NV (a)		208		410,919
Akamai Technologies, Inc. (a)		4,369		521,615
Automatic Data Processing, Inc.		2,294		521,977
Bechtle AG		7,108		401,132
Broadridge Financial Solutions, Inc.		4,554		709,103
Capgemini SE		959		213,323
Cognizant Technology Solutions Corp. - Class A		5,548		497,489
Computershare, Ltd.		30,903		565,372
DXC Technology Co. (a)		11,828		385,948
Edenred		4,377		216,379
EPAM Systems, Inc. (a)		1,103		327,161
Fidelity National Information Services, Inc.		5,309		533,130
Fiserv, Inc. (a)		6,135		622,089
Gartner, Inc. (a)		1,565		465,525
Global Payments, Inc.		3,666		501,655
GMO Payment Gateway, Inc.		2,500		255,227
Itochu Techno-Solutions Corp.		14,000		357,579
Jack Henry & Associates, Inc.		2,939		579,130
MasterCard, Inc. - Class A		1,324		473,171
NEC Corp.		6,500		272,685
Nexi S.p.A. (a)		26,624		307,536
Nomura Research Institute, Ltd.		9,300		304,159
NTT Data Corp.		13,800		270,668
Nuvei Corp. (a)		4,574		343,923
Obic Co., Ltd.		1,700		254,725
Otsuka Corp.		6,500		230,820
Paychex, Inc.		4,431		604,698
PayPal Holdings, Inc. (a)		4,783		553,154
SCSK Corp.		13,000		222,777
Shopify, Inc. - Class A (a)		402		271,870
TIS, Inc.		13,900		325,109
VeriSign, Inc. (a)		2,406		535,239
Visa, Inc. - Class A		2,815		624,282
Wix.com, Ltd. (a)		7,794		814,161
				15,258,568
Leisure Products—0.0%
Bandai Namco Holdings, Inc.		4,300		325,746
Hasbro, Inc.		6,351		520,274
Shimano, Inc.		1,200		274,482
				1,120,502

BHFTI-285

Brighthouse Funds Trust I

PanAgora Global Diversified Risk Portfolio II

Consolidated Schedule of Investments as of March 31, 2022 (Unaudited)

Common Stocks—(Continued)

Security Description	Shares		Value
Life Sciences Tools & Services—0.3%
Agilent Technologies, Inc.		4,726	$	625,392
Bachem Holding AG - Class B		1,095		600,882
Bio-Rad Laboratories, Inc. - Class A (a)		991		558,161
Bio-Techne Corp.		1,175		508,822
Charles River Laboratories International, Inc. (a)		1,737		493,256
Eurofins Scientific SE		2,457		243,569
Illumina, Inc. (a)		1,714		598,872
IQVIA Holdings, Inc. (a)		2,253		520,916
Lonza Group AG		973		704,922
Mettler-Toledo International, Inc. (a)		339		465,511
PerkinElmer, Inc.		2,652		462,668
QIAGEN NV (a)		11,966		587,360
Sartorius Stedim Biotech		943		386,486
Thermo Fisher Scientific, Inc.		941		555,802
Waters Corp. (a)		1,560		484,208
West Pharmaceutical Services, Inc.		1,197		491,620
				8,288,447
Machinery—0.3%
Alfa Laval AB		8,741		300,592
Caterpillar, Inc.		2,681		597,380
CNH Industrial NV		14,835		234,899
Daifuku Co., Ltd.		2,600		185,737
Daimler Truck Holding AG (a)		6,391		177,549
Deere & Co.		1,225		508,939
Dover Corp.		4,084		640,780
Fortive Corp.		10,481		638,607
GEA Group AG		4,611		190,510
Hitachi Construction Machinery Co., Ltd.		7,900		204,713
Husqvarna AB - B Shares		15,232		158,763
Ingersoll Rand, Inc.		10,185		512,815
Komatsu, Ltd.		10,500		251,955
Kone Oyj - Class B		2,749		143,980
Kubota Corp.		7,200		134,985
Kurita Water Industries, Ltd.		4,600		169,787
Makita Corp.		5,900		188,969
MISUMI Group, Inc.		5,600		166,621
Mitsubishi Heavy Industries, Ltd.		5,400		177,838
Miura Co., Ltd.		5,800		143,046
NGK Insulators, Ltd.		14,600		208,443
Nordson Corp.		2,617		594,268
Otis Worldwide Corp.		7,014		539,727
Parker-Hannifin Corp.		1,818		515,876
Schindler Holding AG		1,174		248,924
Snap-on, Inc.		3,244		666,577
Spirax-Sarco Engineering plc		959		157,154
Techtronic Industries Co., Ltd.		22,500		362,470
Wartsila Oyj Abp		20,621		188,339
				9,210,243
Marine—0.0%
Nippon Yusen KK		1,700		148,567
Media—0.5%
Charter Communications, Inc. - Class A (a)		2,077		1,133,045
Comcast Corp. - Class A		32,254		1,510,132
Media—(Continued)
CyberAgent, Inc.		34,700		430,236
Dentsu Group, Inc.		7,200		294,429
Discovery, Inc. - Class A (a)		28,850		718,942
DISH Network Corp. - Class A (a)		32,982		1,043,880
Fox Corp. - Class B		33,329		1,209,176
Hakuhodo DY Holdings, Inc.		24,400		306,616
Informa plc (a)		41,536		325,985
Interpublic Group of Cos., Inc. (The)		34,692		1,229,831
News Corp. - Class B		16,455		370,567
Omnicom Group, Inc.		15,680		1,330,918
Paramount Global - Class B		26,532		1,003,175
Pearson plc		75,978		742,298
Publicis Groupe S.A.		3,903		237,093
Vivendi SE		19,928		260,089
WPP plc		21,114		276,303
				12,422,715
Metals & Mining—0.4%
Agnico Eagle Mines, Ltd.		6,728		411,704
Anglo American plc		4,988		257,264
Antofagasta plc		15,240		332,784
Barrick Gold Corp.		27,157		666,027
BlueScope Steel, Ltd.		16,238		250,919
Evolution Mining, Ltd.		161,161		523,664
First Quantum Minerals, Ltd.		7,444		257,710
Fortescue Metals Group, Ltd.		22,179		340,355
Franco-Nevada Corp.		3,056		486,310
Freeport-McMoRan, Inc.		19,874		988,533
Hitachi Metals, Ltd. (a)		9,900		165,646
Ivanhoe Mines, Ltd. - Class A (a)		23,597		220,086
JFE Holdings, Inc.		12,800		180,131
Kinross Gold Corp.		61,763		362,629
Lundin Mining Corp.		23,228		235,411
Newcrest Mining, Ltd.		19,723		391,533
Newmont Corp.		19,945		1,584,630
Nippon Steel Corp.		13,200		234,005
Northern Star Resources, Ltd.		67,606		535,808
Nucor Corp.		5,685		845,075
Pan American Silver Corp.		11,172		304,914
Rio Tinto plc		3,846		305,088
Rio Tinto, Ltd.		2,229		197,452
South32, Ltd.		81,286		302,694
Sumitomo Metal Mining Co., Ltd.		4,200		212,070
Teck Resources, Ltd. - Class B		6,662		269,006
Wheaton Precious Metals Corp.		10,034		477,160
				11,338,608
Multi-Utilities—0.9%
Algonquin Power & Utilities Corp.		27,493		426,420
Ameren Corp.		15,228		1,427,777
CenterPoint Energy, Inc.		43,935		1,346,168
CMS Energy Corp.		20,668		1,445,520
Consolidated Edison, Inc.		18,437		1,745,615
Dominion Energy, Inc.		23,449		1,992,462
DTE Energy Co.		11,024		1,457,483
E.ON SE		114,661		1,333,472

BHFTI-286

Brighthouse Funds Trust I

PanAgora Global Diversified Risk Portfolio II

Consolidated Schedule of Investments as of March 31, 2022 (Unaudited)

Common Stocks—(Continued)

Security Description	Shares		Value
Multi-Utilities—(Continued)
Engie S.A.		108,305	$	1,419,706
National Grid plc		79,999		1,228,760
NiSource, Inc.		42,038		1,336,808
Public Service Enterprise Group, Inc.		27,267		1,908,690
RWE AG		26,644		1,162,167
Sempra Energy		13,241		2,226,077
Veolia Environnement S.A.		51,201		1,633,791
WEC Energy Group, Inc.		19,839		1,980,131
				24,071,047
Multiline Retail—0.2%
Canadian Tire Corp., Ltd. - Class A		5,646		852,489
Dollar General Corp.		3,063		681,916
Dollar Tree, Inc. (a)		4,193		671,509
Dollarama, Inc.		18,779		1,065,017
Next plc		2,457		193,748
Pan Pacific International Holdings Corp.		48,200		773,064
Ryohin Keikaku Co., Ltd.		12,800		149,278
Target Corp.		2,725		578,299
Wesfarmers, Ltd.		15,984		600,592
				5,565,912
Oil, Gas & Consumable Fuels—1.6%
APA Corp.		20,031		827,881
BP plc		193,322		944,771
Chevron Corp.		8,549		1,392,034
ConocoPhillips		10,253		1,025,300
Coterra Energy, Inc.		43,063		1,161,409
Devon Energy Corp.		12,083		714,468
Diamondback Energy, Inc.		5,942		814,529
ENEOS Holdings, Inc.		1,483,500		5,575,764
EOG Resources, Inc.		6,647		792,522
Exxon Mobil Corp.		14,548		1,201,519
Hess Corp.		10,385		1,111,610
Idemitsu Kosan Co., Ltd.		154,700		4,267,984
Inpex Corp.		397,200		4,716,551
Kinder Morgan, Inc.		55,097		1,041,884
Lundin Energy AB		83,086		3,522,393
Marathon Oil Corp.		35,389		888,618
Marathon Petroleum Corp.		9,244		790,362
Occidental Petroleum Corp.		20,251		1,149,042
ONEOK, Inc.		16,588		1,171,610
Phillips 66		10,969		947,612
Pioneer Natural Resources Co.		3,522		880,606
Shell plc		40,255		1,104,748
TotalEnergies SE		68,266		3,463,731
Valero Energy Corp.		10,169		1,032,560
Williams Cos., Inc. (The)		34,792		1,162,401
				41,701,909
Paper & Forest Products—0.0%
Mondi plc		10,910		211,503
Oji Holdings Corp.		52,400		260,507
Svenska Cellulosa AB SCA - Class B		14,558		282,669
UPM-Kymmene Oyj		3,903		127,357
West Fraser Timber Co., Ltd.		2,236		183,974
				1,066,010
Personal Products—0.2%
Beiersdorf AG		5,747		603,902
Estee Lauder Cos., Inc. (The) - Class A		3,605		981,713
Kao Corp.		12,200		500,831
Kobayashi Pharmaceutical Co., Ltd.		6,100		489,029
Kose Corp.		3,000		313,766
L’Oreal S.A.		676		270,580
Pola Orbis Holdings, Inc.		19,200		249,830
Shiseido Co., Ltd.		6,100		309,154
Unilever plc		12,201		552,336
				4,271,141
Pharmaceuticals—0.6%
AstraZeneca plc		4,637		614,918
Bayer AG		4,592		314,172
Bristol-Myers Squibb Co.		8,420		614,913
Catalent, Inc. (a)		5,550		615,495
Chugai Pharmaceutical Co., Ltd.		7,400		247,481
Daiichi Sankyo Co., Ltd.		9,700		212,803
Eisai Co., Ltd.		5,600		259,521
Eli Lilly and Co.		2,078		595,077
GlaxoSmithKline plc		20,427		440,486
Hikma Pharmaceuticals plc		24,607		662,034
Ipsen S.A.		1,751		218,732
Johnson & Johnson		4,929		873,567
Kyowa Kirin Co., Ltd.		12,600		292,324
Merck & Co., Inc.		6,905		566,555
Merck KGaA		2,144		449,015
Nippon Shinyaku Co., Ltd.		5,500		373,963
Novartis AG		10,924		958,051
Novo Nordisk A/S - Class B		7,927		877,889
Ono Pharmaceutical Co., Ltd.		12,200		306,397
Organon & Co.		17,922		626,015
Orion Oyj - Class B		3,302		149,834
Otsuka Holdings Co., Ltd.		8,500		294,035
Pfizer, Inc.		10,665		552,127
Recordati Industria Chimica e Farmaceutica S.p.A.		7,584		381,266
Roche Holding AG		2,655		1,160,820
Sanofi		2,763		281,782
Santen Pharmaceutical Co., Ltd.		33,800		338,355
Shionogi & Co., Ltd.		4,600		282,504
Sumitomo Dainippon Pharma Co., Ltd.		25,300		249,842
Taisho Pharmaceutical Holdings Co., Ltd.		8,700		403,538
Takeda Pharmaceutical Co., Ltd.		7,100		203,201
Teva Pharmaceutical Industries, Ltd. (ADR) (a)		105,342		989,161
UCB S.A.		7,224		864,803
Viatris, Inc.		40,574		441,445
Vifor Pharma AG (a)		2,269		404,543
				17,116,664
Professional Services—0.2%
Benefit One, Inc.		7,400		154,935
Equifax, Inc.		2,636		624,996
Experian plc		5,625		216,928
Intertek Group plc		2,448		167,175
Leidos Holdings, Inc.		6,760		730,215
Nielsen Holdings plc		36,454		993,007

BHFTI-287

Brighthouse Funds Trust I

PanAgora Global Diversified Risk Portfolio II

Consolidated Schedule of Investments as of March 31, 2022 (Unaudited)

Common Stocks—(Continued)

Security Description	Shares		Value
Professional Services—(Continued)
Nihon M&A Center Holdings, Inc.		10,100	$	140,355
Recruit Holdings Co., Ltd.		3,600		157,598
RELX plc		7,862		244,887
Robert Half International, Inc.		4,019		458,889
SGS S.A.		60		166,717
Teleperformance SE		385		146,808
Thomson Reuters Corp.		6,916		750,877
Verisk Analytics, Inc.		4,009		860,452
Wolters Kluwer NV		2,626		279,536
				6,093,375
Real Estate Management & Development—0.2%
Azrieli Group, Ltd.		1,186		104,056
CapitaLand Investment, Ltd. (a)		30,300		88,827
CBRE Group, Inc. - Class A (a)		3,721		340,546
CK Asset Holdings, Ltd.		63,500		434,005
Daito Trust Construction Co., Ltd.		2,100		222,809
Daiwa House Industry Co., Ltd.		7,900		206,393
ESR Cayman, Ltd. (a)		84,400		261,286
FirstService Corp.		1,653		239,101
Hang Lung Properties, Ltd.		223,000		448,662
Henderson Land Development Co., Ltd.		128,000		531,395
Hongkong Land Holdings, Ltd.		108,300		528,304
LEG Immobilien SE		1,324		151,203
Lendlease Corp Ltd		15,052		125,099
Mitsui Fudosan Co., Ltd.		7,800		166,881
Nomura Real Estate Holdings, Inc.		4,800		114,951
Sagax AB - Class B		4,376		132,379
Sino Land Co., Ltd.		284,000		366,665
Sumitomo Realty & Development Co., Ltd.		5,600		154,790
Sun Hung Kai Properties, Ltd.		42,000		500,311
Swire Properties, Ltd.		158,600		393,228
Swiss Prime Site AG		2,180		214,902
Vonovia SE		3,329		155,655
Wharf Real Estate Investment Co., Ltd.		56,000		276,732
				6,158,180
Road & Rail—0.2%
Aurizon Holdings, Ltd.		116,133		318,890
Canadian National Railway Co.		3,728		500,088
Canadian Pacific Railway, Ltd.		5,669		467,886
Central Japan Railway Co.		1,900		247,642
CSX Corp.		19,476		729,376
East Japan Railway Co.		2,700		156,708
Hankyu Hanshin Holdings, Inc.		8,400		242,972
Keio Corp.		6,500		253,762
Keisei Electric Railway Co., Ltd.		6,200		172,555
Kintetsu Group Holdings Co., Ltd.		10,400		297,538
MTR Corp., Ltd.		146,500		790,631
Nippon Express Holdings, Inc.		2,700		185,592
Old Dominion Freight Line, Inc.		2,965		885,586
TFI International, Inc.		3,063		326,232
Tobu Railway Co., Ltd.		14,000		340,620
Tokyu Corp.		23,600		306,532
West Japan Railway Co.		4,700		195,078
				6,417,688
Semiconductors & Semiconductor Equipment—0.4%
Advantest Corp.		2,600		203,935
Applied Materials, Inc.		3,759		495,436
ASM International NV		1,271		460,738
ASML Holding NV		683		455,561
Disco Corp.		700		195,259
Infineon Technologies AG		8,552		292,166
Intel Corp.		12,349		612,016
KLA Corp.		1,236		452,450
Lam Research Corp.		720		387,079
Lasertec Corp.		1,000		168,123
Microchip Technology, Inc.		7,082		532,141
Monolithic Power Systems, Inc.		1,161		563,875
NVIDIA Corp.		1,543		421,023
NXP Semiconductors NV		2,342		433,457
Qorvo, Inc. (a)		3,707		460,039
QUALCOMM, Inc.		3,009		459,835
Renesas Electronics Corp. (a)		16,700		193,239
Rohm Co., Ltd.		3,100		240,937
Skyworks Solutions, Inc.		3,544		472,344
STMicroelectronics NV		5,095		221,333
SUMCO Corp.		11,300		185,407
Teradyne, Inc.		4,499		531,917
Texas Instruments, Inc.		3,071		563,467
Tokyo Electron, Ltd.		500		256,737
				9,258,514
Software—0.6%
Adobe, Inc. (a)		1,274		580,460
ANSYS, Inc. (a)		1,982		629,582
Autodesk, Inc. (a)		2,401		514,654
AVEVA Group plc		10,543		336,603
Blackberry, Ltd. (a)		39,183		290,546
Cadence Design Systems, Inc. (a)		3,539		582,024
Ceridian HCM Holding, Inc. (a)		7,218		493,423
Check Point Software Technologies, Ltd. (a)		7,629		1,054,786
Citrix Systems, Inc.		4,391		443,052
Constellation Software, Inc.		165		282,050
CyberArk Software, Ltd. (a)		4,727		797,681
Dassault Systemes SE		6,606		325,510
Fortinet, Inc. (a)		1,307		446,654
Lightspeed Commerce, Inc. (a)		6,428		196,056
Nemetschek SE		4,079		395,687
Nice, Ltd. (a)		4,325		946,788
NortonLifeLock, Inc.		15,273		405,040
Open Text Corp.		5,698		241,612
Oracle Corp. Japan		5,800		402,785
Paycom Software, Inc. (a)		1,366		473,155
PTC, Inc. (a)		4,815		518,672
Sage Group plc (The)		47,404		434,710
Salesforce.com, Inc. (a)		2,987		634,200
SAP SE		3,172		353,942
ServiceNow, Inc. (a)		1,058		589,190
Sinch AB (a)		23,112		156,494
Temenos AG		4,443		425,713
Trend Micro, Inc.		10,000		583,741
Tyler Technologies, Inc. (a)		1,059		471,139

BHFTI-288

Brighthouse Funds Trust I

PanAgora Global Diversified Risk Portfolio II

Consolidated Schedule of Investments as of March 31, 2022 (Unaudited)

Common Stocks—(Continued)

Security Description	Shares		Value
Software—(Continued)
WiseTech Global, Ltd.		12,050	$	453,963
Xero, Ltd. (a)		4,949		374,846
				14,834,758
Specialty Retail—0.3%
Advance Auto Parts, Inc.		2,733		565,622
AutoZone, Inc. (a)		282		576,572
Bath & Body Works, Inc.		9,582		458,020
Best Buy Co., Inc.		5,839		530,765
CarMax, Inc. (a)		4,789		462,043
Chow Tai Fook Jewellery Group, Ltd.		115,600		209,373
Fast Retailing Co., Ltd.		500		256,863
H & M Hennes & Mauritz AB - B Shares		8,154		108,894
Industria de Diseno Textil S.A.		22,322		485,701
JD Sports Fashion plc		86,651		167,800
Kingfisher plc		51,730		172,641
Nitori Holdings Co., Ltd.		2,000		251,164
O’Reilly Automotive, Inc. (a)		944		646,602
Ross Stores, Inc.		6,621		598,936
TJX Cos., Inc. (The)		10,814		655,112
Tractor Supply Co.		2,742		639,900
Ulta Beauty, Inc. (a)		1,509		600,914
USS Co., Ltd.		14,100		237,160
				7,624,082
Technology Hardware, Storage & Peripherals—0.1%
Apple, Inc.		2,740		478,431
Brother Industries, Ltd.		10,100		183,923
Canon, Inc.		15,500		377,311
FUJIFILM Holdings Corp.		10,700		654,592
HP, Inc.		11,143		404,491
Logitech International S.A.		7,869		583,182
NetApp, Inc.		4,593		381,219
Ricoh Co., Ltd.		27,900		242,056
Seiko Epson Corp.		12,700		190,408
				3,495,613
Textiles, Apparel & Luxury Goods—0.2%
Adidas AG		866		202,225
Burberry Group plc		7,380		161,158
EssilorLuxottica S.A.		1,295		236,396
Gildan Activewear, Inc.		17,397		652,518
Hermes International		252		357,432
LVMH Moet Hennessy Louis Vuitton SE		301		214,333
Moncler S.p.A.		8,687		483,777
NIKE, Inc. - Class B		4,076		548,466
Pandora A/S		2,387		225,834
Puma SE		2,228		190,171
Ralph Lauren Corp.		5,065		574,574
Swatch Group AG (The) - Bearer Shares		914		259,721
Tapestry, Inc.		13,070		485,550
VF Corp.		12,094		687,665
				5,279,820
Tobacco—0.1%
Altria Group, Inc.		22,792		1,190,882
British American Tobacco plc		10,353		433,029
Imperial Brands plc		19,064		401,412
Philip Morris International, Inc.		10,072		946,164
Swedish Match AB		43,936		330,488
				3,301,975
Trading Companies & Distributors—0.2%
Brenntag SE		2,349		189,938
Fastenal Co.		14,089		836,887
IMCD NV		1,467		249,431
ITOCHU Corp.		5,000		169,610
Marubeni Corp.		14,000		163,332
Mitsubishi Corp.		10,300		388,084
Mitsui & Co., Ltd.		6,300		171,610
MonotaRO Co., Ltd.		11,200		240,011
Reece, Ltd.		11,764		165,960
Sumitomo Corp.		9,000		156,064
Toromont Industries, Ltd.		4,128		391,320
Toyota Tsusho Corp.		4,000		164,587
WW Grainger, Inc.		1,311		676,201
				3,963,035
Transportation Infrastructure—0.1%
Aena SME S.A. (a)		1,559		258,258
Aeroports de Paris (a)		1,119		167,583
Atlantia S.p.A. (a)		9,640		200,470
Auckland International Airport, Ltd. (a)		89,467		483,800
Transurban Group		24,463		246,456
				1,356,567
Water Utilities—0.1%
American Water Works Co., Inc.		6,749		1,117,162
Severn Trent plc		25,104		1,013,298
United Utilities Group plc		64,942		957,207
				3,087,667
Wireless Telecommunication Services—0.2%
KDDI Corp.		30,000		985,389
SoftBank Corp.		67,300		786,589
SoftBank Group Corp.		5,900		265,365
T-Mobile U.S., Inc. (a)		13,381		1,717,451
Tele2 AB - B Shares		141,854		2,141,536
Vodafone Group plc		291,735		478,640
				6,374,970
Total Common Stocks (Cost $574,773,433)				585,903,744
Foreign Government—19.9%
Sovereign—19.9%
Deutsche Bundesrepublik Inflation Linked Bond 0.500%, 04/15/30 (EUR) (b)		87,774,463		120,155,239

BHFTI-289

Brighthouse Funds Trust I

PanAgora Global Diversified Risk Portfolio II

Consolidated Schedule of Investments as of March 31, 2022 (Unaudited)

Foreign Government—(Continued)

Security Description	Shares/ Principal Amount*		Value
Sovereign—(Continued)
France Government Bond OAT 0.100%, 03/01/28 (EUR) (b)		19,411,888	$	24,301,415
0.100%, 03/01/29 (EUR) (b)		15,044,332		19,269,753
0.100%, 07/25/31 (144A) (EUR) (b)		11,347,560		14,846,887
0.700%, 07/25/30 (144A) (EUR) (b)		30,245,216		41,320,568
1.850%, 07/25/27 (EUR) (b)		27,664,687		38,124,755
Italy Buoni Poliennali Del Tesoro 0.100%, 05/15/23 (EUR) (b)		5,419,100		6,382,663
0.150%, 05/15/51 (144A) (EUR) (b)		5,277,400		5,812,785
0.400%, 05/15/30 (144A) (EUR) (b)		8,522,720		10,227,453
0.650%, 05/15/26 (EUR) (b)		4,934,859		6,013,512
1.250%, 09/15/32 (144A) (EUR) (b)		6,597,420		8,596,414
1.300%, 05/15/28 (144A) (EUR) (b)		8,794,400		11,204,351
2.350%, 09/15/24 (144A) (EUR) (b)		5,531,150		6,993,973
2.550%, 09/15/41 (144A) (EUR) (b)		2,391,940		3,984,175
3.100%, 09/15/26 (144A) (EUR) (b)		7,004,220		9,559,439
United Kingdom Gilt Inflation Linked Bonds 0.125%, 08/10/28 (GBP) (b)		19,984,754		32,226,769
0.125%, 03/22/29 (GBP) (b)		20,620,583		33,625,140
0.125%, 08/10/31 (GBP) (b)		4,761,108		8,193,410
0.125%, 08/10/48 (GBP) (b)		5,780,700		13,166,462
0.125%, 03/22/58 (GBP) (b)		6,207,800		16,422,680
0.125%, 11/22/65 (GBP) (b)		6,099,400		18,503,688
0.125%, 03/22/68 (GBP) (b)		6,107,184		19,740,013
1.250%, 11/22/27 (GBP) (b)		1,016,620		1,712,036
1.250%, 11/22/32 (GBP) (b)		29,409,515		57,371,189
Total Foreign Government (Cost $522,569,519)				527,754,769
U.S. Treasury & Government Agencies—17.9%
U.S. Treasury—17.9%
U.S. Treasury Inflation Indexed Notes 0.125%, 10/15/25 (b)		28,164,760		29,521,839
0.125%, 04/15/26 (b)		2,250,717		2,352,527
0.125%, 01/15/30 (b)		51,782,604		54,656,943
0.125%, 07/15/30 (b)		97,457,514		103,346,841
0.125%, 01/15/31 (b)		57,981,501		61,359,603
0.125%, 07/15/31 (b)		37,228,850		39,592,736
0.250%, 07/15/29 (b)		55,270,646		58,999,256
0.375%, 07/15/27 (b)		8,353,375		8,896,834
0.500%, 01/15/28 (b)		40,668,398		43,500,889
0.750%, 07/15/28 (b)		51,799,172		56,647,251
0.875%, 01/15/29 (b)		15,851,256		17,500,468
Total U.S. Treasury & Government Agencies (Cost $491,634,045)				476,375,187
Mutual Funds—2.3%
Investment Company Securities—2.3%
iShares iBoxx $ Investment Grade Corporate Bond ETF (Cost $66,534,800)		500,000		60,470,000
Preferred Stocks—0.0%
Security Description	Shares/ Principal Amount*		Value
Automobiles—0.0%
Porsche Automobil Holding SE		1,817	$	176,030
Chemicals—0.0%
Fuchs Petrolub SE		6,561		238,349
Health Care Equipment & Supplies—0.0%
Sartorius AG		883		392,149
Total Preferred Stocks (Cost $817,667)				806,528
Short-Term Investments—37.2%
Mutual Funds—30.3%
BlackRock Liquidity Funds T-Fund Portfolio, Institutional Class  0.210% (c)		224,577,635		224,577,635
Dreyfus Treasury Obligations Cash Management Fund, Institutional Class  0.070% (c)		219,130,147		219,130,147
State Street Institutional Treasury Plus Money Market Fund, Institutional Class 0.230% (c)		104,441,624		104,441,624
State Street Institutional Liquid Reserves Fund, Premier Class  0.310% (c)		1,982		1,982
UBS Select Treasury Institutional Fund, Institutional Class, 0.130% (c)		257,409,214		257,409,214
				805,560,602
U.S. Treasury—6.9%
U.S. Treasury Bill 0.162%, 06/23/22 (d) (e)		182,000,000		181,804,356
Total Short-Term Investments (Cost $987,492,625)				987,364,958
Total Investments—99.4% (Cost $2,643,822,089)				2,638,675,186
Other assets and liabilities (net)—0.6%				15,986,986
Net Assets—100.0%			$	2,654,662,172

*	Principal amount stated in U.S. dollars unless otherwise noted.
(a)	Non-income producing security.
(b)	Principal amount of security is adjusted for inflation.
(c)	The rate shown represents the annualized seven-day yield as of March 31, 2022.
(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 March 31, 2022, the market value of securities pledged was $139,849,504.
(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 March 31, 2022, the market value of 144A securities was $112,546,045, which is 4.2% of net assets.

BHFTI-290

Brighthouse Funds Trust I

PanAgora Global Diversified Risk Portfolio II

Consolidated Schedule of Investments as of March 31, 2022 (Unaudited)

Forward Foreign Currency Exchange Contracts

Contracts to Deliver		Counterparty	Settlement Date		In Exchange for			Unrealized Appreciation/ (Depreciation)
AUD	20,100,000	BNY		04/28/22		USD	15,048,629	$	3,544
CAD	29,200,000	BNY		04/28/22		USD	23,250,981		(103,193	)
CHF	16,000,000	BBH		04/28/22		USD	17,134,107		(194,931	)
EUR	284,000,000	BNY		04/28/22		USD	312,979,644		(1,416,111	)
EUR	53,200,000	BBH		04/28/22		USD	58,408,440		(485,413	)
GBP	17,100,000	BNY		04/28/22		USD	22,374,170		(85,679	)
GBP	153,200,000	BBH		04/28/22		USD	202,197,190		977,963
HKD	142,600,000	SSBT		04/28/22		USD	18,217,395		9,252
JPY	13,549,056	BNY		04/28/22		USD	111,354		11
JPY	10,998,000,000	BBH		04/28/22		USD	89,152,612		(1,226,833	)
Net Unrealized Depreciation								$	(2,521,390	)

Futures Contracts

Futures Contracts—Long	Expiration Date		Number of Contracts		Notional Value			Value/ Unrealized Appreciation/ (Depreciation)
Amsterdam AEX Index Futures		04/14/22		52		EUR	7,529,704	$	597,920
Australian 10 Year Treasury Bond Futures		06/15/22		2,494		AUD	316,097,117		(9,534,502	)
Brent Crude Oil Futures		05/31/22		177		USD	18,183,210		(329,634	)
Canada Government Bond 10 Year Futures		06/21/22		2,092		CAD	273,131,520		(9,547,405	)
Cattle Feeder Futures		08/25/22		235		USD	20,865,063		(276,565	)
Cocoa Futures		07/14/22		1,096		USD	29,449,520		1,146,909
Coffee “C” Futures		07/19/22		162		USD	13,756,838		136,563
Copper Futures		05/26/22		241		USD	28,624,775		1,755,003
Corn Futures		07/14/22		559		USD	20,487,350		1,043,989
Cotton No. 2 Futures		07/07/22		219		USD	14,461,665		1,657,687
DAX Index Futures		06/17/22		19		EUR	6,855,675		294,020
Euro-BTP Futures		06/08/22		502		EUR	69,431,620		(3,400,336	)
Euro-Bobl Futures		06/08/22		1,378		EUR	177,569,080		(6,254,632	)
Euro-Bund Futures		06/08/22		568		EUR	90,118,880		(5,013,039	)
Euro-Buxl 30 Year Bond Futures		06/08/22		219		EUR	40,777,800		(3,794,513	)
FTSE 100 Index Futures		06/17/22		134		GBP	10,031,240		698,433
Gold 100 oz. Futures		06/28/22		514		USD	100,435,600		380,865
Hang Seng Index Futures		04/28/22		85		HKD	93,457,500		356,072
IBEX 35 Index Futures		04/14/22		70		EUR	5,891,130		184,220
Japanese Government 10 Year Bond Futures		06/13/22		495		JPY	74,101,500,000		(3,924,585	)
LME Nickel Futures		06/13/22		167		USD	32,164,200		8,868,648
LME Primary Aluminum Futures		06/13/22		487		USD	42,509,013		2,142,435
LME Zinc Futures		06/13/22		355		USD	37,172,938		4,193,834
Lean Hogs Futures		06/14/22		144		USD	6,948,000		344,873
Live Cattle Futures		06/30/22		619		USD	33,952,150		173,778
Low Sulphur Gas Oil Futures		06/10/22		228		USD	21,939,300		559,599
MSCI Emerging Markets Index Mini Futures		06/17/22		2,357		USD	132,640,175		5,480,331
Natural Gas Futures		05/26/22		917		USD	52,278,170		6,334,696
New York Harbor ULSD Futures		05/31/22		155		USD	20,837,859		270,457
OMX Stockholm 30 Index Futures		04/13/22		299		SEK	62,341,500		158,818
RBOB Gasoline Futures		05/31/22		147		USD	19,125,817		296,858
Russell 2000 Index E-Mini Futures		06/17/22		1,477		USD	152,603,640		4,378,795
S&P 500 Index E-Mini Futures		06/17/22		543		USD	123,009,863		7,672,191
S&P TSX 60 Index Futures		06/16/22		74		CAD	19,493,080		313,693
SPI 200 Index Futures		06/16/22		102		AUD	19,071,450		714,933
Silver Futures		05/26/22		330		USD	41,469,450		2,836,079
Soybean Futures		07/14/22		183		USD	14,621,700		(471,730	)

BHFTI-291

Brighthouse Funds Trust I

PanAgora Global Diversified Risk Portfolio II

Consolidated Schedule of Investments as of March 31, 2022 (Unaudited)

Futures Contracts—(Continued)

Futures Contracts—Long	Expiration Date		Number of Contracts			Notional Value				Value/ Unrealized Appreciation/ (Depreciation)
Soybean Meal Futures		07/14/22		354			USD	16,262,760		$	(245,469	)
Soybean Oil Futures		07/14/22		304			USD	12,519,936			(225,732	)
Sugar No. 11 Futures		06/30/22		920			USD	19,907,328			868,257
TOPIX Index Futures		06/09/22		69			JPY	1,343,085,000			1,013,772
U.S. Treasury Long Bond Futures		06/21/22		1,140			USD	171,071,250			(5,253,656	)
U.S. Treasury Note 10 Year Futures		06/21/22		3,492			USD	429,079,500			(13,067,483	)
U.S. Treasury Note 2 Year Futures		06/30/22		2,926			USD	620,083,409			(8,635,457	)
U.S. Treasury Note 5 Year Futures		06/30/22		4,790			USD	549,353,125			(14,752,769	)
U.S. Treasury Ultra Long Bond Futures		06/21/22		281			USD	49,772,125			(2,002,187	)
United Kingdom Long Gilt Bond Futures		06/28/22		1,358			GBP	164,630,340			(2,004,146	)
WTI Crude Oil Futures		05/20/22		186			USD	18,324,720			2,628,956
WTI Crude Oil Futures		06/21/22		5			USD	484,400			15,176
Wheat Futures		07/14/22		427			USD	21,392,700			(1,163,867	)
Futures Contracts—Short
LME Nickel Futures		06/13/22		(25	)		USD	(4,815,000	)		(1,396,452	)
LME Primary Aluminum Futures		06/13/22		(84	)		USD	(7,332,150	)		(638,741	)
LME Zinc Futures		06/13/22		(48	)		USD	(5,026,200	)		(743,895	)
Net Unrealized Depreciation										$	(35,158,935	)

Glossary of Abbreviations

Counterparties

(BBH)—	Brown Brothers Harriman & Co.
(BNY)—	Bank of New York
(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

Other Abbreviations

(ADR)—	American Depositary Receipt
(ETF)—	Exchange-Traded Fund

BHFTI-292

Brighthouse Funds Trust I

PanAgora Global Diversified Risk Portfolio II

Consolidated Schedule of Investments as of March 31, 2022 (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 March 31, 2022:

Description	Level 1		Level 2		Level 3		Total
Common Stocks
Aerospace & Defense	$	4,284,525	$	317,895	$	—	$	4,602,420
Air Freight & Logistics		2,631,051		130,037		—		2,761,088
Airlines		1,573,826		459,929		—		2,033,755
Auto Components		1,080,886		1,228,980		—		2,309,866
Automobiles		469,834		1,525,379		—		1,995,213
Banks		6,437,025		5,539,435		—		11,976,460
Beverages		7,054,456		5,645,776		—		12,700,232
Biotechnology		4,691,539		1,589,083		—		6,280,622
Building Products		3,381,428		1,263,399		—		4,644,827
Capital Markets		5,362,903		1,885,289		—		7,248,192
Chemicals		15,889,888		9,543,378		—		25,433,266
Commercial Services & Supplies		2,355,459		1,136,895		—		3,492,354
Communications Equipment		1,757,251		532,130		—		2,289,381
Construction & Engineering		1,012,803		716,117		—		1,728,920
Construction Materials		1,744,369		863,658		—		2,608,027
Consumer Finance		1,467,697		—		—		1,467,697
Containers & Packaging		7,226,857		445,754		—		7,672,611
Distributors		996,792		—		—		996,792
Diversified Consumer Services		—		314,384		—		314,384
Diversified Financial Services		—		945,127		—		945,127
Diversified Telecommunication Services		5,966,037		18,914,896		—		24,880,933
Electric Utilities		30,006,924		20,627,523		—		50,634,447
Electrical Equipment		2,457,837		590,140		—		3,047,977
Electronic Equipment, Instruments & Components		3,302,882		3,325,279		—		6,628,161
Energy Equipment & Services		2,564,537		—		—		2,564,537
Entertainment		8,833,186		5,859,376		—		14,692,562
Equity Real Estate Investment Trusts		10,252,078		3,086,950		—		13,339,028
Food & Staples Retailing		8,984,426		10,116,317		—		19,100,743
Food Products		17,730,269		8,998,770		—		26,729,039
Gas Utilities		1,311,135		10,504,194		—		11,815,329
Health Care Equipment & Supplies		10,744,773		8,717,163		—		19,461,936
Health Care Providers & Services		6,957,410		2,248,662		—		9,206,072
Health Care Technology		473,975		246,102		—		720,077
Hotels, Restaurants & Leisure		6,703,364		3,537,689		—		10,241,053
Household Durables		3,611,854		1,235,892		—		4,847,746
Household Products		5,630,240		2,310,840		—		7,941,080
Independent Power and Renewable Electricity Producers		1,733,198		829,613		—		2,562,811
Industrial Conglomerates		1,047,486		1,454,631		—		2,502,117
Insurance		8,395,013		4,440,848		—		12,835,861
Interactive Media & Services		4,831,407		1,769,854		—		6,601,261
Internet & Direct Marketing Retail		2,030,860		1,192,303		—		3,223,163

BHFTI-293

Brighthouse Funds Trust I

PanAgora Global Diversified Risk Portfolio II

Consolidated Schedule of Investments as of March 31, 2022 (Unaudited)

Fair Value Hierarchy—(Continued)

Description	Level 1			Level 2			Level 3		Total
IT Services	$	10,650,158		$	4,608,410		$	—	$	15,258,568
Leisure Products		520,274			600,228			—		1,120,502
Life Sciences Tools & Services		5,765,228			2,523,219			—		8,288,447
Machinery		5,214,969			3,995,274			—		9,210,243
Marine		—			148,567			—		148,567
Media		9,549,666			2,873,049			—		12,422,715
Metals & Mining		7,109,195			4,229,413			—		11,338,608
Multi-Utilities		17,293,151			6,777,896			—		24,071,047
Multiline Retail		3,849,230			1,716,682			—		5,565,912
Oil, Gas & Consumable Fuels		18,105,967			23,595,942			—		41,701,909
Paper & Forest Products		183,974			882,036			—		1,066,010
Personal Products		981,713			3,289,428			—		4,271,141
Pharmaceuticals		6,278,898			10,837,766			—		17,116,664
Professional Services		4,418,436			1,674,939			—		6,093,375
Real Estate Management & Development		579,647			5,578,533			—		6,158,180
Road & Rail		2,909,168			3,508,520			—		6,417,688
Semiconductors & Semiconductor Equipment		6,385,079			2,873,435			—		9,258,514
Software		9,643,976			5,190,782			—		14,834,758
Specialty Retail		5,734,486			1,889,596			—		7,624,082
Technology Hardware, Storage & Peripherals		1,264,141			2,231,472			—		3,495,613
Textiles, Apparel & Luxury Goods		2,948,773			2,331,047			—		5,279,820
Tobacco		2,137,046			1,164,929			—		3,301,975
Trading Companies & Distributors		1,904,408			2,058,627			—		3,963,035
Transportation Infrastructure		—			1,356,567			—		1,356,567
Water Utilities		1,117,162			1,970,505			—		3,087,667
Wireless Telecommunication Services		1,717,451			4,657,519			—		6,374,970
Total Common Stocks		339,249,676			246,654,068			—		585,903,744
Total Foreign Government*		—			527,754,769			—		527,754,769
Total U.S. Treasury & Government Agencies*		—			476,375,187			—		476,375,187
Total Mutual Funds*		60,470,000			—			—		60,470,000
Total Preferred Stocks*		—			806,528			—		806,528
Short-Term Investments
Mutual Funds		805,560,602			—			—		805,560,602
U.S. Treasury		—			181,804,356			—		181,804,356
Total Short-Term Investments		805,560,602			181,804,356			—		987,364,958
Total Investments	$	1,205,280,278		$	1,433,394,908		$	—	$	2,638,675,186
Forward Contracts
Forward Foreign Currency Exchange Contracts (Unrealized Appreciation)	$	—		$	990,770		$	—	$	990,770
Forward Foreign Currency Exchange Contracts (Unrealized Depreciation)		—			(3,512,160	)		—		(3,512,160	)
Total Forward Contracts	$	—		$	(2,521,390	)	$	—	$	(2,521,390	)
Futures Contracts
Futures Contracts (Unrealized Appreciation)	$	57,517,860		$	—		$	—	$	57,517,860
Futures Contracts (Unrealized Depreciation)		(92,676,795	)		—			—		(92,676,795	)
Total Futures Contracts	$	(35,158,935	)	$	—		$	—	$	(35,158,935	)

* See Consolidated Schedule of Investments for additional detailed categorizations.

BHFTI-294

Brighthouse Funds Trust I

PIMCO Inflation Protected Bond Portfolio

Schedule of Investments as of March 31, 2022 (Unaudited)

U.S. Treasury & Government Agencies—109.2% of Net Assets

Security Description	Principal Amount*		Value
Agency Sponsored Mortgage - Backed—3.5%
Fannie Mae 30 Yr. Pool
4.000%, 10/01/48		595,822	$	610,981
4.000%, 04/01/49		430,019		439,255
4.000%, 03/01/50		259,817		265,264
4.000%, 08/01/50		365,246		372,843
4.000%, 02/01/52		737,143		753,725
Fannie Mae ARM Pool 1.304%, 12M MTA + 1.200%, 07/01/44 (a)	4,392		4,476
1.304%, 12M MTA + 1.200%, 09/01/44 (a)		9,729		9,917
2.423%, 1Y H15 + 2.360%, 11/01/34 (a)		168,899		176,630
Fannie Mae REMICS (CMO) 0.247%, 1M LIBOR + 0.060%, 12/25/36 (a)	15,197		15,029
0.247%, 1M LIBOR + 0.060%, 07/25/37 (a)		123,831		121,105
0.607%, 1M LIBOR + 0.150%, 08/25/34 (a)		18,502		18,318
0.807%, 1M LIBOR + 0.350%, 07/25/37 (a)		2,940		2,942
0.837%, 1M LIBOR + 0.380%, 07/25/37 (a)		29,011		29,065
1.959%, 05/25/35 (a)		87,859		88,636
Fannie Mae Whole Loan (CMO) 0.807%, 1M LIBOR + 0.350%, 05/25/42 (a)		24,733		24,632
Freddie Mac ARM Non-Gold Pool 2.350%, 1Y H15 + 2.225%, 01/01/34 (a)		14,781		15,467
Freddie Mac REMICS (CMO) 0.456%, 1M LIBOR + 0.350%, 07/15/44 (a)		1,600,272		1,591,918
Freddie Mac Strips (CMO) 0.847%, 1M LIBOR + 0.450%, 09/15/42 (a)		1,658,356		1,650,457
Freddie Mac Structured Pass-Through Certificates (CMO) 0.717%, 1M LIBOR + 0.260%, 08/25/31 (a)		18,208		17,832
1.304%, 12M MTA + 1.200%, 02/25/45 (a)		292,805		296,024
1.341%, 12M MTA + 1.200%, 10/25/44 (a)		974,474		993,091
Government National Mortgage Association (CMO) 0.382%, 12M LIBOR + 0.150%, 08/20/68 (a)		2,629,346		2,569,811
0.936%, 1M LIBOR + 0.830%, 08/20/66 (a)		175,023		176,009
1.029%, 12M LIBOR + 0.750%, 04/20/67 (a)		2,105,884		2,096,512
Uniform Mortgage-Backed Securities 30 Yr. Pool 3.500%, TBA (b)		17,720,000		17,689,341
4.000%, TBA (b)		47,465,720		48,264,505
				78,293,785
U.S. Treasury—105.7%
U.S. Treasury Bond 1.625%, 11/15/50 (c)		12,550,000		10,284,137
U.S. Treasury Inflation Indexed Bonds
0.125%, 02/15/51 (d)		16,528,523		16,902,352
0.125%, 02/15/52 (d) (e) (f) (g)		7,269,768		7,529,605
0.250%, 02/15/50 (d)		12,922,333		13,553,559
0.625%, 02/15/43 (d)		13,325,577		14,856,457
0.750%, 02/15/42 (c) (d)		43,637,765		49,826,316
0.750%, 02/15/45 (d)		21,437,236		24,584,992
0.875%, 02/15/47 (c) (d)		43,875,709		52,469,178
1.000%, 02/15/46 (c) (d)		66,994,772		81,457,531
1.375%, 02/15/44 (c) (d)		91,845,674		117,634,218
1.750%, 01/15/28 (c) (d)		69,351,481		79,393,901
2.000%, 01/15/26 (c) (d)		31,103,567		34,850,575
2.125%, 02/15/40 (c) (d)		21,236,279		30,010,346
2.125%, 02/15/41 (c) (d)		19,548,233		27,608,443
2.375%, 01/15/25 (c) (d)		61,611,570		68,384,030
U.S. Treasury—(Continued)
U.S. Treasury Inflation Indexed Bonds
2.375%, 01/15/27 (d) (e) (g)		529,629		614,380
2.500%, 01/15/29 (c) (d)		30,476,165		37,121,992
3.375%, 04/15/32 (d) (e) (f) (g)		3,068,842		4,327,787
3.625%, 04/15/28 (c) (d)		31,439,270		39,819,187
3.875%, 04/15/29 (c) (d)		34,783,370		45,984,702
U.S. Treasury Inflation Indexed Notes 0.125%, 04/15/22 (d)	22,183,119		22,268,038
0.125%, 01/15/23 (c) (d)		89,723,669		92,853,482
0.125%, 10/15/24 (c) (d) (e) (g)		96,755,427		101,207,688
0.125%, 04/15/25 (c) (d)		47,500,020		49,648,654
0.125%, 10/15/25 (d) (g) (h) (i)		9,965,992		10,446,189
0.125%, 04/15/26 (d)		18,220,090		19,044,264
0.125%, 07/15/26 (c) (d)		61,316,975		64,447,495
0.125%, 10/15/26 (c) (d)		24,311,068		25,554,161
0.125%, 01/15/30 (c) (d)		52,062,500		54,952,375
0.125%, 07/15/30 (c) (d)		44,045,083		46,706,713
0.125%, 01/15/31 (c) (d)		60,125,776		63,628,807
0.125%, 07/15/31 (c) (d)		113,148,775		120,333,280
0.125%, 01/15/32 (c)		37,830,779		40,231,407
0.250%, 01/15/25 (c) (d)		69,384,456		72,760,172
0.250%, 07/15/29 (c) (d)		79,265,236		84,612,543
0.375%, 07/15/23 (c) (d)		81,429,411		85,472,254
0.375%, 07/15/25 (d) (i)		11,199,333		11,843,513
0.375%, 01/15/27 (c) (d)		46,574,701		49,361,906
0.375%, 07/15/27 (c) (d)		48,879,646		52,059,687
0.500%, 04/15/24 (c) (d)		76,675,027		80,586,651
0.500%, 01/15/28 (c) (d)		142,615,547		152,548,497
0.625%, 04/15/23 (c) (d) (e) (g)		87,728,650		91,467,399
0.625%, 01/15/24 (c) (d) (h)		60,357,947		63,480,763
0.625%, 01/15/26 (c) (d)		62,105,216		66,208,770
0.750%, 07/15/28 (c) (d)		50,010,487		54,691,156
0.875%, 01/15/29 (d)		18,272,357		20,173,468
U.S. Treasury Notes 1.750%, 12/31/24 (e) (f)	2,260,000		2,214,623
				2,356,017,643
Total U.S. Treasury & Government Agencies (Cost $2,390,042,941)				2,434,311,428
Foreign Government—10.6%
Sovereign—10.6%
Australia Government Bond 3.000%, 09/20/25 (AUD) (d)		11,150,000		12,137,859
Canadian Government Real Return Bond 4.250%, 12/01/26 (CAD) (d)		7,938,912		7,760,657
French Republic Government Bond OAT 0.100%, 03/01/26 (144A) (EUR) (d)		16,260,740		20,131,043
0.100%, 07/25/31 (144A) (EUR) (d)		3,467,310		4,536,549
0.250%, 07/25/24 (EUR) (d)		4,360,980		5,320,564
Italy Buoni Poliennali Del Tesoro
0.100%, 05/15/33 (144A) (EUR) (d)		14,325,640		16,464,213
0.400%, 05/15/30 (144A) (EUR) (d)		19,602,256		23,523,141
1.400%, 05/26/25 (144A) (EUR) (d)		58,494,344		70,351,621

BHFTI-295

Brighthouse Funds Trust I

PIMCO Inflation Protected Bond Portfolio

Schedule of Investments as of March 31, 2022 (Unaudited)

Foreign Government—(Continued)

Security Description	Principal Amount*		Value
Sovereign—(Continued)
Japanese Government CPI Linked Bonds
0.005%, 03/10/31 (JPY) (d)		364,204,800	$	3,168,169
0.100%, 03/10/28 (JPY) (d)		731,304,000		6,341,092
0.100%, 03/10/29 (JPY) (d)		769,622,840		6,695,478
Mexican Bonos 7.750%, 05/29/31 (MXN)	97,900,000		4,742,170
New Zealand Government Inflation Linked Bonds 2.500%, 09/20/35 (NZD) (d)		1,722,300		1,581,787
3.000%, 09/20/30 (NZD) (d)		11,600,000		10,806,698
Peruvian Government International Bond 5.940%, 02/12/29 (144A) (PEN)		6,000,000		1,580,393
Qatar Government International Bond 3.875%, 04/23/23		2,500,000		2,543,700
United Kingdom Gilt Inflation Linked Bonds 0.125%, 03/22/24 (GBP) (d)		11,794,860		17,056,450
1.250%, 11/22/27 (GBP) (d)		6,777,470		11,413,571
1.875%, 11/22/22 (GBP) (d)		6,642,640		9,389,494
Total Foreign Government (Cost $238,094,265)				235,544,649
Asset-Backed Securities—6.4%
Asset-Backed - Home Equity—1.0%
ACE Securities Corp. Home Equity Loan Trust 0.657%, 1M LIBOR + 0.200%, 03/25/37 (a)		480,859		271,789
1.507%, 1M LIBOR + 1.050%, 12/25/33 (a)		1,225,995		1,204,665
Asset Backed Securities Corp. Home Equity Loan Trust 1.282%, 1M LIBOR + 0.825%, 04/25/34 (a)		1,412,740		1,366,869
Citigroup Mortgage Loan Trust, Inc. 0.637%, 1M LIBOR + 0.180%, 03/25/37 (a)		924,434		842,270
0.747%, 1M LIBOR + 0.290%, 09/25/36 (144A) (a)		1,198,344		1,173,725
1.147%, 1M LIBOR + 0.690%, 10/25/35 (a)		3,700,000		3,560,664
First NLC Trust 0.527%, 1M LIBOR + 0.070%, 08/25/37 (144A) (a)		851,918		518,644
GSAA Home Equity Trust 6.720%, 03/25/46 (j)		333,867		233,159
Home Equity Asset Trust 1.132%, 1M LIBOR + 0.675%, 02/25/36 (a)		2,157,067		2,131,113
1.312%, 1M LIBOR + 0.855%, 08/25/34 (a)		315,006		310,726
HSI Asset Securitization Corp. Trust 0.557%, 1M LIBOR + 0.100%, 10/25/36 (a)		4,317		2,063
MASTR Asset-Backed Securities Trust 1.207%, 1M LIBOR + 0.750%, 10/25/35 (a)		107,835		107,548
Morgan Stanley ABS Capital, Inc. Trust 1.117%, 1M LIBOR + 0.660%, 01/25/35 (a)		736,006		721,725
1.132%, 1M LIBOR + 0.675%, 09/25/35 (a)		1,300,000		1,265,128
New Century Home Equity Loan Trust 1.222%, 1M LIBOR + 0.765%, 02/25/35 (a)		378,923		369,985
Nomura Home Equity Loan, Inc 0.892%, 1M LIBOR + 0.435%, 03/25/36 (a)		2,122,842		2,098,248
NovaStar Mortgage Funding Trust 1.162%, 1M LIBOR + 0.705%, 01/25/36 (a)		1,077,805		1,071,487
RASC Trust 0.917%, 1M LIBOR + 0.230%, 06/25/36 (a)		4,244,141		4,124,251
Asset-Backed - Home Equity—(Continued)
Soundview Home Loan Trust
0.637%, 1M LIBOR + 0.180%, 07/25/37 (a)		351,516	$	329,477
0.657%, 1M LIBOR + 0.200%, 06/25/37 (a)		2,114,104		1,646,371
				23,349,907
Asset-Backed - Other—5.1%
AMMC CLO, Ltd. 1.218%, 3M LIBOR + 0.980%, 04/14/29 (144A) (a)		3,748,232		3,745,537
1.316%, 3M LIBOR + 0.950%, 11/10/30 (144A) (a)		1,000,000		993,857
Anchorage Capital CLO, Ltd. 1.291%, 3M LIBOR + 1.050%, 07/15/30 (144A) (a)		1,300,000		1,294,641
1.381%, 3M LIBOR + 1.140%, 07/15/32 (144A) (a)		300,000		297,255
1.399%, 3M LIBOR + 1.140%, 07/22/32 (144A) (a)		1,600,000		1,590,176
Apidos CLO XXVI 1.141%, 3M LIBOR + 0.900%, 07/18/29 (144A) (a)		1,600,000		1,594,786
Apidos CLO XXVII 1.171%, 3M LIBOR + 0.930%, 07/17/30 (144A) (a)		1,700,000		1,690,152
Arbor Realty Commercial Real Estate Notes, Ltd. 1.500%, SOFR30A + 1.450%, 01/15/37 (144A) (a)		2,600,000		2,586,392
ARES L CLO, Ltd. 1.291%, 3M LIBOR + 1.050%, 01/15/32 (144A) (a)		700,000		694,920
Ares LII CLO, Ltd. 1.309%, 3M LIBOR + 1.050%, 04/22/31 (144A) (a)		400,000		398,020
Argent Securities Trust 0.777%, 1M LIBOR + 0.320%, 05/25/36 (a)		235,634		71,358
Assurant CLO, Ltd. 1.294%, 3M LIBOR + 1.040%, 10/20/31 (144A) (a)		1,500,000		1,487,259
Atlas Senior Loan Fund, Ltd. 1.391%, 3M LIBOR + 1.150%, 01/16/30 (144A) (a)		2,300,000		2,290,273
Atrium XII 1.089%, 3M LIBOR + 0.830%, 04/22/27 (144A) (a)		2,234,968		2,228,102
Barings CLO, Ltd. 1.324%, 3M LIBOR + 1.070%, 01/20/32 (144A) (a)		1,000,000		992,325
Benefit Street Partners CLO XII, Ltd. 1.191%, 3M LIBOR + 0.950%, 10/15/30 (144A) (a)		300,000		299,291
Birch Grove CLO, Ltd. 1.956%, 3M LIBOR + 1.130%, 06/15/31 (144A) (a)		1,000,000		991,150
Black Diamond CLO, Ltd. 0.650%, 3M EURIBOR + 0.650%, 10/03/29 (144A) (EUR) (a)		430,419		476,199
1.264%, 3M LIBOR + 1.050%, 10/03/29 (144A) (a)		279,437		279,339
Carlyle Global Market Strategies CLO, Ltd. 1.339%, 3M LIBOR + 1.080%, 04/22/32 (144A) (a)		400,000		396,625
1.409%, 3M LIBOR + 0.950%, 08/14/30 (144A) (a)		2,300,000		2,285,871
Carlyle U.S. CLO, Ltd. 1.254%, 3M LIBOR + 1.000%, 04/20/31 (144A) (a)		1,600,000		1,586,149
Catamaran CLO, Ltd. 1.359%, 3M LIBOR + 1.100%, 04/22/30 (144A) (a)		1,989,793		1,984,595
CIFC Funding, Ltd. 1.209%, 3M LIBOR + 0.950%, 10/24/30 (144A) (a)		2,500,000		2,483,745
1.265%, 3M LIBOR + 1.010%, 04/23/29 (144A) (a)		579,380		577,695
CIT Mortgage Loan Trust 1.807%, 1M LIBOR + 1.350%, 10/25/37 (144A) (a)		1,395,078		1,395,649
1.957%, 1M LIBOR + 1.500%, 10/25/37 (144A) (a)		4,400,000		4,409,125

BHFTI-296

Brighthouse Funds Trust I

PIMCO Inflation Protected Bond Portfolio

Schedule of Investments as of March 31, 2022 (Unaudited)

Asset-Backed Securities—(Continued)

Security Description	Principal Amount*		Value
Asset-Backed - Other—(Continued)
Countrywide Asset-Backed Certificates 0.647%, 1M LIBOR + 0.190%, 11/25/37 (a)		5,781,090	$	5,531,225
Credit-Based Asset Servicing and Securitization LLC 0.577%, 1M LIBOR + 0.120%, 07/25/37 (144A) (a)		71,786		53,300
0.677%, 1M LIBOR + 0.220%, 07/25/37 (144A) (a)		1,430,678		1,076,029
Crestline Denali CLO XV, Ltd. 1.284%, 3M LIBOR + 1.030%, 04/20/30 (144A) (a)		1,200,000		1,193,879
Crestline Denali CLO, Ltd. 1.399%, 3M LIBOR + 1.140%, 10/23/31 (144A) (a)		1,100,000		1,091,227
CSAB Mortgage-Backed Trust 6.220%, 09/25/36 (j)		418,026		183,446
CWABS Asset-Backed Certificates Trust 1.197%, 1M LIBOR + 0.740%, 08/25/47 (a)		27,351		26,645
1.252%, 1M LIBOR + 0.795%, 02/25/36 (a)		865,695		864,554
Dryden 52 Euro CLO DAC. 0.860%, 3M EURIBOR + 0.860%, 05/15/34 (144A) (EUR) (a)		1,000,000		1,096,659
Ellington Loan Acquisition Trust 1.557%, 1M LIBOR + 1.100%, 05/25/37 (144A) (a)		1,312,341		1,297,488
First Franklin Mortgage Loan Trust 0.577%, 1M LIBOR + 0.120%, 12/25/36 (a)		9,637,215		8,426,588
0.767%, 1M LIBOR + 0.310%, 07/25/36 (a)		2,055,568		1,995,247
Gallatin CLO VIII, Ltd. 1.177%, 3M LIBOR + 1.090%, 07/15/31 (144A) (a)		400,000		397,431
GSAMP Trust 1.192%, 1M LIBOR + 0.735%, 09/25/35 (a)		120,721		120,084
HSI Asset Securitization Corp. Trust 0.617%, 1M LIBOR + 0.160%, 05/25/37 (a)		190,216		189,103
JPMorgan Mortgage Acquisition Trust 0.667%, 1M LIBOR + 0.210%, 10/25/36 (a)		76,329		75,539
Jubilee CLO B.V. 0.270%, -1 x 3M EURIBOR + 0.840%, 07/12/28 (144A) (EUR) (a)		333,857		368,765
KVK CLO, Ltd. 1.138%, 3M LIBOR + 0.900%, 01/14/28 (144A) (a)		251,635		251,559
Laurelin B.V. 0.720%, 3M EURIBOR + 0.720%, 10/20/31 (144A) (EUR) (a)		700,000		763,870
LCM XIII L.P. 1.118%, 3M LIBOR + 0.870%, 07/19/27 (144A) (a)		2,588,184		2,581,116
LCM XXV, Ltd. 1.375%, 3M TSFR + 1.100%, 07/20/30 (144A) (a)		900,000		897,859
LoanCore Issuer, Ltd. 1.527%, 1M LIBOR + 1.130%, 05/15/36 (144A) (a)		1,045,642		1,045,537
1.600%, SOFR30A + 1.550%, 01/17/37 (144A) (a)		2,100,000		2,085,796
Long Beach Mortgage Loan Trust 0.577%, 1M LIBOR + 0.120%, 08/25/36 (a)		913,166		435,027
1.192%, 1M LIBOR + 0.735%, 08/25/35 (a)		32,020		32,329
Mackay Shields Euro CLO-2 DAC 1.550%, 3M EURIBOR + 1.550%, 08/15/33 (144A) (EUR) (a)		904,860		1,001,001
Madison Park Funding, Ltd. 1.499%, 3M LIBOR + 1.200%, 07/29/30 (144A) (a)		400,000		398,611
Man GLG Euro CLO II DAC 0.870%, 3M EURIBOR + 0.870%, 01/15/30 (144A) (EUR) (a)		691,771		762,454
Asset-Backed - Other—(Continued)
Morgan Stanley ABS Capital I, Inc. Trust 1.432%, 1M LIBOR + 0.975%, 07/25/34 (a)		49,151		47,846
1.507%, 1M LIBOR + 1.050%, 06/25/35 (a)		1,232,000		1,183,392
Morgan Stanley IXIS Real Estate Capital Trust 0.507%, 1M LIBOR + 0.050%, 11/25/36 (a)		545		223
Mountain View CLO LLC 1.331%, 3M LIBOR + 1.090%, 10/16/29 (144A) (a)		1,949,171		1,944,035
MP CLO VII, Ltd. 1.131%, 3M LIBOR + 0.890%, 10/18/28 (144A) (a)		1,772,154		1,763,444
OAK Hill European Credit Partners VII DAC 0.740%, 3M EURIBOR + 0.740%, 10/20/31 (144A) (EUR) (a)		2,100,000		2,296,648
Oaktree CLO, Ltd. 1.369%, 3M LIBOR + 1.110%, 04/22/30 (144A) (a)		600,000		595,196
OSD CLO, Ltd. 1.835%, 3M LIBOR + 0.870%, 04/17/31 (144A) (a)		2,300,000		2,278,642
OZLM, Ltd. 1.221%, 3M LIBOR + 0.980%, 10/17/29 (144A) (a)		2,682,626		2,672,944
1.354%, 3M LIBOR + 1.100%, 10/20/31 (144A) (a)		500,000		496,756
1.414%, 3M LIBOR + 1.160%, 07/20/32 (144A) (a)		300,000		298,075
Palmer Square Loan Funding, Ltd. 0.928%, 3M LIBOR + 0.800%, 10/15/29 (144A) (a)		3,200,000		3,184,864
1.054%, 3M LIBOR + 0.800%, 07/20/29 (144A) (a)		3,156,267		3,146,362
1.159%, 3M LIBOR + 0.900%, 10/24/27 (144A) (a)		162,182		162,103
Park Place Securities, Inc. Asset-Backed Pass-Through Certificates 1.192%, 1M LIBOR + 0.735%, 09/25/35 (a)		159,354		157,449
1.507%, 1M LIBOR + 1.050%, 10/25/34 (a)		3,286,356		3,252,087
RAAC Trust 0.967%, 1M LIBOR + 0.510%, 08/25/36 (a)		61,593		61,777
Romark CLO, Ltd. 1.289%, 3M LIBOR + 1.030%, 10/23/30 (144A) (a)		1,300,000		1,290,379
Saranac CLO, Ltd. 1.256%, 3M LIBOR + 1.140%, 08/13/31 (144A) (a)		1,800,000		1,786,054
Saxon Asset Securities Trust 0.767%, 1M LIBOR + 0.310%, 09/25/37 (a)		665,029		647,598
Securitized Asset-Backed Receivables LLC Trust 0.757%, 1M LIBOR + 0.300%, 07/25/36 (a)		298,312		153,186
0.777%, 1M LIBOR + 0.320%, 07/25/36 (a)		3,276,733		1,406,652
Segovia European CLO 0.880%, 3M EURIBOR + 0.880%, 07/20/32 (144A) (EUR) (a)		300,000		327,678
Small Business Administration Participation Certificates 5.510%, 11/01/27		479,788		495,219
Sound Point CLO, Ltd. 1.159%, 3M LIBOR + 0.900%, 01/23/29 (144A) (a)		1,878,055		1,867,502
1.464%, 3M LIBOR + 1.210%, 07/20/32 (144A) (a)		1,400,000		1,391,650
Soundview Home Loan Trust 0.517%, 1M LIBOR + 0.060%, 11/25/36 (144A) (a)		42,519		15,820
Structured Asset Securities Corp. Mortgage Loan Trust 1.731%, 1M LIBOR + 1.500%, 04/25/35 (a)		78,073		78,220
Symphony CLO, Ltd. 1.188%, 3M LIBOR + 0.950%, 07/14/26 (144A) (a)		331,053		330,937
THL Credit Wind River CLO, Ltd. 1.321%, 3M LIBOR + 1.080%, 04/15/31 (144A) (a)		1,400,000		1,387,411
TRTX Issuer, Ltd. 1.700%, SOFR30A + 1.650%, 02/15/39 (144A) (a)		800,000		794,109

BHFTI-297

Brighthouse Funds Trust I

PIMCO Inflation Protected Bond Portfolio

Schedule of Investments as of March 31, 2022 (Unaudited)

Asset-Backed Securities—(Continued)

Security Description	Principal Amount*		Value
Asset-Backed - Other—(Continued)
Venture CLO, Ltd. 1.121%, 3M LIBOR + 0.880%, 04/15/27 (144A) (a)		1,040,558	$	1,033,535
1.121%, 3M LIBOR + 0.880%, 07/15/27 (144A) (a)		473,315		472,287
1.154%, 3M LIBOR + 0.900%, 10/20/28 (144A) (a)		1,074,283		1,070,725
1.274%, 3M LIBOR + 1.020%, 04/20/29 (144A) (a)		318,312		317,747
1.301%, 3M LIBOR + 1.060%, 07/15/31 (144A) (a)		300,000		299,060
Vibrant CLO, Ltd. 1.374%, 3M LIBOR + 1.120%, 07/20/32 (144A) (a)		900,000		890,241
VMC Finance LLC 1.950%, SOFR30A + 1.900%, 02/18/39 (144A) (a)		400,000		400,000
Voya CLO, Ltd. 1.221%, 3M LIBOR + 0.980%, 06/07/30 (144A) (a)		300,000		298,079
				113,658,786
Asset-Backed - Student Loan—0.3%
College Loan Corp. Trust 0.508%, 3M LIBOR + 0.250%, 01/25/24 (a)		900,000		881,813
SLM Student Loan Trust 0.808%, 3M LIBOR + 0.550%, 10/25/64 (144A) (a)		2,880,269		2,806,780
1.758%, 3M LIBOR + 1.500%, 04/25/23 (a)		2,480,943		2,485,257
				6,173,850
Total Asset-Backed Securities (Cost $142,454,796)				143,182,543
Corporate Bonds & Notes—6.0%
Auto Manufacturers—0.1%
Ford Motor Credit Co. LLC 3.550%, 10/07/22		2,100,000		2,100,000
Nissan Motor Acceptance Co. LLC 2.650%, 07/13/22 (144A)		100,000		100,171
				2,200,171
Banks—3.2%
Banco Bilbao Vizcaya Argentaria S.A. 5.875%, 5Y EUR Swap + 5.660%, 09/24/23 (EUR) (a)		200,000		228,441
Bank of America Corp. 5.875%, 3M LIBOR + 2.931%, 03/15/28 (a)		1,570,000		1,585,386
Credit Suisse Group Funding Guernsey, Ltd. 3.800%, 09/15/22		6,600,000		6,667,992
ING Bank NV 2.625%, 12/05/22 (144A)		3,300,000		3,315,530
JPMorgan Chase & Co. 3.769%, 3M LIBOR + 3.470%, 07/30/22 (a)		440,000		440,000
Lloyds Banking Group plc 4.947%, 5Y EURIBOR ICE Swap + 5.290%, 06/27/25 (EUR) (a)		900,000		1,026,489
NatWest Group plc 2.516%, 3M LIBOR + 1.550%, 06/25/24 (a)		2,600,000		2,623,221
4.519%, 3M LIBOR + 1.550%, 06/25/24 (a)		1,700,000		1,725,602
Nykredit Realkredit A/S
0.500%, 10/01/43 (DKK)		21,093,135		2,702,941
1.000%, 10/01/50 (DKK)		258,497,158		33,475,538
Banks—(Continued)
Nykredit Realkredit A/S
1.000%, 10/01/53 (DKK)		9,343,365		1,191,972
1.500%, 10/01/53 (DKK)		36,614,872		4,880,196
2.500%, 10/01/47 (DKK)		5,835		873
UniCredit S.p.A. 7.830%, 12/04/23 (144A)		10,700,000		11,356,552
				71,220,733
Chemicals—0.0%
Syngenta Finance NV 4.441%, 04/24/23 (144A)		400,000		405,324
Commercial Services—0.0%
RELX Capital, Inc. 3.500%, 03/16/23		300,000		302,570
Distribution/Wholesale—0.0%
Toyota Tsusho Corp. 3.625%, 09/13/23		200,000		202,463
Diversified Financial Services—2.4%
Avolon Holdings Funding, Ltd. 2.528%, 11/18/27 (144A)		114,000		100,702
Jyske Realkredit A/S 0.500%, 10/01/43 (DKK)		6,978,797		893,140
1.000%, 10/01/50 (DKK)		96,170,160		12,480,085
1.000%, 10/01/53 (DKK)		22,342,008		2,800,677
1.500%, 10/01/53 (DKK)		16,054,277		2,129,129
2.000%, 10/01/53 (DKK)		7,297,263		982,242
2.500%, 10/01/47 (DKK)		3,897		584
Mitsubishi HC Capital, Inc. 3.960%, 09/19/23 (144A)		400,000		405,694
Nordea Kredit Realkreditaktieselskab 0.500%, 10/01/43 (DKK)		2,860,516		366,303
1.000%, 10/01/50 (DKK)		64,633,953		8,407,191
1.500%, 10/01/53 (DKK)		19,666,551		2,598,395
2.000%, 10/01/53 (144A) (DKK)		700,000		96,391
2.000%, 10/01/53 (DKK)		4,299,311		576,728
2.500%, 10/01/47 (DKK)		992		148
Realkredit Danmark A/S 1.000%, 10/01/50 (DKK)		64,873,963		8,413,498
1.000%, 10/01/53 (DKK)		88,111,218		11,058,782
1.500%, 10/01/53 (DKK)		12,841,747		1,718,280
2.000%, 10/01/53 (DKK)		2,699,025		362,727
2.500%, 04/01/47 (DKK)		9,341		1,399
				53,392,095
Electric—0.0%
Eversource Energy 2.900%, 10/01/24		100,000		99,483
Gas—0.0%
Southern Co. Gas Capital Corp. 2.450%, 10/01/23		200,000		199,209

BHFTI-298

Brighthouse Funds Trust I

PIMCO Inflation Protected Bond Portfolio

Schedule of Investments as of March 31, 2022 (Unaudited)

Corporate Bonds & Notes—(Continued)

Security Description	Principal Amount*		Value
Home Builders—0.1%
DR Horton, Inc. 5.750%, 08/15/23		900,000	$	932,082
Insurance—0.0%
Jackson National Life Global Funding 2.375%, 09/15/22 (144A)		300,000		300,995
Reliance Standard Life Global Funding II 3.850%, 09/19/23 (144A)		100,000		101,342
				402,337
Machinery-Construction & Mining—0.0%
Komatsu Finance America, Inc. 2.437%, 09/11/22		200,000		200,038
Media—0.0%
Charter Communications Operating LLC / Charter Communications Operating Capital Corp. 4.464%, 07/23/22		200,000		200,733
Oil & Gas—0.2%
Petrobras Global Finance B.V. 5.093%, 01/15/30		3,897,000		3,892,168
6.250%, 12/14/26 (GBP)		400,000		542,931
				4,435,099
Pharmaceuticals—0.0%
Shire Acquisitions Investments Ireland DAC 2.875%, 09/23/23		40,000		40,111
Semiconductors—0.0%
NXP B.V. / NXP Funding LLC 4.625%, 06/01/23 (144A)		200,000		203,107
Software—0.0%
VMware, Inc. 3.900%, 08/21/27		300,000		303,877
Trucking & Leasing—0.0%
SMBC Aviation Capital Finance DAC 3.000%, 07/15/22 (144A)		200,000		200,282
Total Corporate Bonds & Notes (Cost $142,787,461)				134,939,714
Mortgage-Backed Securities—2.6%
Collateralized Mortgage Obligations—2.5%
Alternative Loan Trust 0.629%, 1M LIBOR + 0.180%, 02/20/47 (a)		472,092		383,700
0.697%, 1M LIBOR + 0.240%, 06/25/36 (a)		1,341,473		1,309,352
0.817%, 1M LIBOR + 0.360%, 05/25/47 (a)		136,543		124,173
1.017%, 1M LIBOR + 0.560%, 12/25/35 (a)		18,815		18,494
5.000%, 07/25/35		145,107		103,449
5.500%, 06/25/25		441,618		409,706
6.000%, 03/25/37		3,288,407		1,725,986
6.000%, 04/25/37		601,681		586,541
Collateralized Mortgage Obligations—(Continued)
Banc of America Funding Trust 2.606%, 02/20/36 (a)		159,256		158,552
Banc of America Mortgage Trust 2.496%, 06/25/35 (a)		36,298		33,540
2.771%, 09/25/35 (a)		28,633		27,724
Bear Stearns Adjustable Rate Mortgage Trust 2.923%, 03/25/35 (a)		144,838		142,751
Bear Stearns ALT-A Trust 0.777%, 1M LIBOR + 0.320%, 02/25/34 (a)		72,949		70,230
2.874%, 09/25/35 (a)		481,079		352,757
Chase Mortgage Finance Trust 2.550%, 02/25/37 (a)		18,286		18,423
CHL Mortgage Pass-Through Trust 1.037%, 1M LIBOR + 0.580%, 04/25/35 (a)		304,439		279,525
2.554%, 11/20/34 (a)		1,884		1,899
3.095%, 08/25/34 (a)		7,221		7,301
6.000%, 03/25/37		861,080		574,372
Citigroup Mortgage Loan Trust 1.938%, 08/25/35 (a)		7,539		7,459
2.470%, 1Y H15 + 2.400%, 05/25/35 (a)		3,402		3,386
3.218%, 03/25/37 (a)		1,394,670		1,346,434
Countrywide Home Reperforming Loan REMIC Trust 0.797%, 1M LIBOR + 0.340%, 06/25/35 (144A) (a)		38,114		37,162
Credit Suisse Mortgage Capital Certificates 0.607%, 1M LIBOR + 0.150%, 09/29/36 (144A) (a)		1,029,435		1,006,164
0.687%, 11/30/37 (144A) (a)		2,600,000		2,495,483
3.780%, 10/26/36 (144A) (a)		47,136		43,909
Deutsche ALT-B Securities Mortgage Loan Trust 0.557%, 1M LIBOR + 0.100%, 10/25/36 (a)		10,924		9,295
6.369%, 10/25/36 (j)		191,701		182,227
6.386%, 10/25/36 (j)		191,701		182,224
Eurosail-UK plc 1.972%, 3M GBP LIBOR + 0.950%, 06/13/45 (GBP) (a)		1,191,719		1,556,577
First Horizon Alternative Mortgage Securities Trust 2.134%, 06/25/34 (a)		76,050		76,607
Great Hall Mortgages No. 1 plc 0.386%, SONIA + 0.269%, 06/18/38 (GBP) (a)		50,908		66,051
1.100%, 3M GBP LIBOR + 0.130%, 03/18/39 (GBP) (a)		84,555		109,698
GreenPoint Mortgage Funding Trust 0.817%, 1M LIBOR + 0.360%, 09/25/46 (a)		330,870		318,065
0.897%, 1M LIBOR + 0.440%, 06/25/45 (a)		129,164		122,921
0.997%, 1M LIBOR + 0.540%, 11/25/45 (a)		89,846		81,584
GSR Mortgage Loan Trust 2.438%, 12/25/34 (a)		239,553		233,104
2.568%, 01/25/35 (a)		36,706		36,108
2.910%, 09/25/35 (a)		60,544		61,161
2.947%, 05/25/35 (a)		152,039		140,266
3.142%, 11/25/35 (a)		200,775		188,811
HarborView Mortgage Loan Trust 0.639%, 1M LIBOR + 0.190%, 09/19/37 (a)		19,306		18,628
0.889%, 1M LIBOR + 0.440%, 05/19/35 (a)		29,926		28,482
1.009%, 1M LIBOR + 0.560%, 02/19/36 (a)		80,740		48,965
1.349%, 1M LIBOR + 0.900%, 06/20/35 (a)		183,274		178,152
Hawksmoor Mortgages plc 1.240%, SONIA + 1.050%, 05/25/53 (144A) (GBP) (a)		6,616,992		8,702,570
IndyMac INDA Mortgage Loan Trust 2.914%, 11/25/35 (a)		27,606		27,095

BHFTI-299

Brighthouse Funds Trust I

PIMCO Inflation Protected Bond Portfolio

Schedule of Investments as of March 31, 2022 (Unaudited)

Mortgage-Backed Securities—(Continued)

Security Description	Principal Amount*		Value
Collateralized Mortgage Obligations—(Continued)
JPMorgan Mortgage Trust 2.292%, 02/25/35 (a)		60,481	$	60,182
2.379%, 09/25/35 (a)		12,983		12,151
2.547%, 08/25/35 (a)		73,734		73,862
2.598%, 07/25/35 (a)		42,321		43,200
2.694%, 06/25/35 (a)		66,301		67,581
2.723%, 07/25/35 (a)		47,971		48,176
2.877%, 07/27/37 (144A) (a)		298,264		284,635
3.108%, 08/25/35 (a)		81,497		74,726
Lehman XS Trust 0.997%, 1M LIBOR + 0.540%, 12/25/35 (a)		72,888		70,889
1.607%, 1M LIBOR + 1.150%, 12/25/37 (a)		2,712,536		2,865,611
MASTR Adjustable Rate Mortgages Trust 1.640%, 12/25/33 (a)		18,864		18,435
2.759%, 11/21/34 (a)		47,325		47,184
Mellon Residential Funding Corp. Mortgage Pass-Through Trust 0.837%, 1M LIBOR + 0.440%, 12/15/30 (a)		10,465		10,194
1.097%, 1M LIBOR + 0.700%, 11/15/31 (a)		61,510		61,970
Merrill Lynch Mortgage Investors Trust 2.937%, 12/25/35 (a)		47,927		38,907
Mill City Mortgage Loan Trust 2.750%, 08/25/59 (144A) (a)		682,248		675,263
New Residential Mortgage Loan Trust 2.750%, 07/25/59 (144A) (a)		5,568,413		5,444,063
Opteum Mortgage Acceptance Corp. Asset-Backed Pass-Through Certificates 1.507%, 1M LIBOR + 1.050%, 04/25/35 (a)		2,000,000		2,012,357
Residential Accredit Loans, Inc. 0.757%, 1M LIBOR + 0.300%, 08/25/35 (a)		53,737		44,016
1.016%, 10/25/37 (a)		718,425		696,997
1.501%, 12M MTA + 1.360%, 09/25/45 (a)		59,484		57,016
Residential Asset Securitization Trust 6.500%, 09/25/36		274,618		138,359
Residential Mortgage Securities 32 plc 1.547%, SONIA + 1.250%, 06/20/70 (144A) (GBP) (a)		2,555,681		3,371,950
Sequoia Mortgage Trust 0.849%, 1M LIBOR + 0.400%, 07/20/36 (a)		294,744		270,147
1.149%, 1M LIBOR + 0.700%, 10/19/26 (a)		17,082		16,829
Structured Adjustable Rate Mortgage Loan Trust 1.541%, 12M MTA + 1.400%, 01/25/35 (a)		50,505		46,357
2.459%, 02/25/34 (a)		36,277		36,184
Structured Asset Mortgage Investments II Trust 0.837%, 1M LIBOR + 0.380%, 06/25/36 (a)		19,312		19,087
0.877%, 1M LIBOR + 0.420%, 05/25/36 (a)		14,400		13,817
0.949%, 1M LIBOR + 0.500%, 07/19/35 (a)		57,265		54,913
1.109%, 1M LIBOR + 0.660%, 10/19/34 (a)		30,449		29,783
TBW Mortgage-Backed Trust 6.515%, 07/25/37 (j)		157,910		81,209
Towd Point Mortgage Funding 1.236%, SONIA + 1.144%, 10/20/51 (144A) (GBP) (a)		5,046,388		6,640,110
Towd Point Mortgage Trust 1.457%, 1M LIBOR + 1.000%, 10/25/59 (144A) (a)		1,193,124		1,190,964
Wachovia Mortgage Loan Trust 0.917%, 1M LIBOR + 0.460%, 01/25/37 (a)		1,766,080		871,267
WaMu Mortgage Pass-Through Certificates Trust
0.911%, 12M MTA + 0.770%, 05/25/47 (a)		182,517		174,012
Collateralized Mortgage Obligations—(Continued)
WaMu Mortgage Pass-Through Certificates Trust
0.914%, 12M MTA + 0.810%, 12/25/46 (a)		36,502		34,660
1.141%, 12M MTA + 1.000%, 02/25/46 (a)		60,807		60,618
1.141%, 12M MTA + 1.000%, 08/25/46 (a)		1,823,042		1,819,590
1.341%, 12M MTA + 1.200%, 11/25/42 (a)		7,539		7,353
1.723%, COFI + 1.500%, 07/25/46 (a)		336,997		322,814
1.723%, COFI + 1.500%, 11/25/46 (a)		98,483		95,055
2.019%, 08/25/35 (a)		10,167		9,825
2.567%, 11/25/36 (a)		3,979,508		3,857,627
2.859%, 12/25/35 (a)		58,082		58,323
Wells Fargo Mortgage-Backed Securities Trust 2.885%, 04/25/36 (a)		43,613		42,360
				55,607,691
Commercial Mortgage-Backed Securities—0.1%
AREIT Trust 2.785%, SOFR30A + 2.734%, 04/15/37 (144A) (a)		537,191		536,199
JPMorgan Chase Commercial Mortgage Securities Trust 2.450%, 1M LIBOR + 1.450%, 12/15/31 (144A) (a)		1,060,456		1,049,688
				1,585,887
Total Mortgage-Backed Securities (Cost $56,140,650)				57,193,578
Preferred Stock—0.5%
Wireless Telecommunication Services—0.5%
AT&T Mobility II LLC, 7.000% † (k) (l) (Cost $12,009,870)		444,022		11,567,115
Convertible Preferred Stock—0.1%
Banks—0.1%
Wells Fargo & Co., Series L 7.500%, 12/31/49 (Cost $900,000)		900		1,192,500
Short-Term Investments—48.6%
Repurchase Agreements—48.6%
Barclays Capital, Inc. Repurchase Agreement dated 03/31/22 at 0.280%, due on 04/04/22 with a maturity value of $270,306,307; collateralized by U.S. Treasury Floating Rate Note at 0.661%, maturing 07/31/22, with a market value of $275,521,245.		270,300,000		270,300,000
Deutsche Bank Securities, Inc. Repurchase Agreement dated 03/31/22 at 0.270%, due on 04/04/22 with a maturity value of $544,612,254; collateralized by U.S. Treasury Bonds with rates ranging from of 1.125% - 1.875%, maturity dates ranging from 05/15/40 - 02/15/41, with a market value of $552,072,632.		544,600,000		544,600,000

BHFTI-300

Brighthouse Funds Trust I

PIMCO Inflation Protected Bond Portfolio

Schedule of Investments as of March 31, 2022 (Unaudited)

Short-Term Investments—(Continued)

Security Description	Principal Amount*		Value
Repurchase Agreements—(Continued)
JPMorgan Securities LLC Repurchase Agreement dated 03/31/22 at 0.280%, due on 04/04/22 with a maturity value of $268,506,265; collateralized by U.S. Treasury Obligatons with rates ranging from of 0.125% - 2.000%, maturity dates ranging from 07/15/22 - 08/15/51, with a market value of $266,831,960.		268,500,000	$	268,500,000
Total Short-Term Investments (Cost $1,083,400,000)				1,083,400,000
Total Purchased Options—0.4% (m) (Cost $3,988,676)				8,729,546
Total Investments—184.4% (Cost $4,069,818,659)				4,110,061,073
Other assets and liabilities (net)—(84.4)%				(1,880,881,034	)
Net Assets—100.0%			$	2,229,180,039

*	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 March 31, 2022, the market value of restricted securities was $11,567,115, 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 March 31, 2022. 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 open OTC option contracts and forward foreign currency exchange contracts. As of March 31, 2022, the market value of securities pledged was $5,331,941.
(f)	All or a portion of the security was pledged as collateral against open secured borrowing transactions. As of March 31, 2022, the value of securities pledged amounted to $5,392,089.
(g)	All or a portion of the security was pledged as collateral against TBA securities. As of March 31, 2022, the value of securities pledged amounted to $2,375,732.
(h)	All or a portion of the security was pledged as collateral against open centrally cleared swap contracts. As of March 31, 2022, the market value of securities pledged was $7,271,105.
(i)	All or a portion of the security was pledged as collateral against open futures contracts. As of March 31, 2022, the market value of securities pledged was $9,106,306.
(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 March 31, 2022, 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 March 31, 2022, the market value of 144A securities was $277,374,351, which is 12.4% 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	$	11,567,115

Forward Foreign Currency Exchange Contracts

Contracts to Buy		Counterparty	Settlement Date		In Exchange for			Unrealized Appreciation/ (Depreciation)
BRL	17,928,445	CBNA		04/04/22		USD	3,784,129	$	(18,479	)
BRL	17,928,445	GSBU		04/04/22		USD	3,570,763		194,886
CAD	9,709,188	BNP		04/04/22		USD	7,754,722		11,653
CAD	15,269,000	BNP		04/04/22		USD	12,234,746		(21,079	)
CNH	86,052	JPMC		05/20/22		USD	13,549		(45	)
DKK	33,305,000	BNP		04/01/22		USD	5,009,783		(56,704	)
DKK	8,250,000	CBNA		04/01/22		USD	1,255,882		(28,952	)
DKK	6,865,000	DBAG		04/01/22		USD	1,047,417		(26,462	)
DKK	210,672,107	DBAG		04/01/22		USD	31,018,323		312,577
DKK	267,190,388	DBAG		04/01/22		USD	39,674,295		61,936
DKK	9,840,000	GSBU		04/01/22		USD	1,539,562		(76,169	)
EUR	1,214,000	BNP		04/04/22		USD	1,334,913		8,074
EUR	1,663,000	BNP		04/04/22		USD	1,830,555		9,139

BHFTI-301

Brighthouse Funds Trust I

PIMCO Inflation Protected Bond Portfolio

Schedule of Investments as of March 31, 2022 (Unaudited)

Forward Foreign Currency Exchange Contracts—(Continued)

Contracts to Buy		Counterparty	Settlement Date		In Exchange for			Unrealized Appreciation/ (Depreciation)
EUR	1,368,000	BBP		04/04/22		USD	1,511,852	$	1,497
EUR	2,105,000	BBP		04/04/22		USD	2,315,739		12,917
EUR	2,535,000	BBP		04/04/22		USD	2,797,936		6,407
EUR	3,589,000	BBP		04/04/22		USD	3,981,310		(10,980	)
EUR	2,219,000	GSBU		04/04/22		USD	2,445,489		9,279
EUR	3,217,000	GSBU		04/04/22		USD	3,529,916		28,890
GBP	1,032,000	BNP		04/04/22		USD	1,347,496		8,190
GBP	820,000	GSBU		04/04/22		USD	1,074,452		2,741
GBP	998,000	GSBU		04/04/22		USD	1,338,292		(27,270	)
GBP	1,077,000	JPMC		04/04/22		USD	1,439,701		(24,900	)
JPY	383,600,000	BNP		04/04/22		USD	3,171,338		(20,360	)
JPY	583,500,000	BNP		04/04/22		USD	4,796,898		(3,896	)
JPY	431,600,000	DBAG		04/04/22		USD	3,761,128		(215,868	)
JPY	579,500,000	UBSA		04/04/22		USD	4,861,969		(101,824	)
MXN	3,836,000	BNP		05/04/22		USD	184,195		7,653
MYR	506,797	GSBU		06/15/22		USD	120,508		(174	)
NOK	37,090,000	JPMC		05/18/22		USD	4,165,227		45,918
NOK	70,413,039	UBSA		05/18/22		USD	7,908,646		85,948
PEN	389,402	CBNA		04/29/22		USD	104,361		1,271
PEN	391,864	CBNA		05/04/22		USD	105,658		594
RUB	322,678	CBNA		04/21/22		USD	4,208		(308	)
RUB	300,892	DBAG		04/21/22		USD	3,882		(245	)
RUB	400,917	DBAG		04/21/22		USD	5,175		(329	)
RUB	302,923	GSBU		04/21/22		USD	3,941		(279	)
RUB	303,307	GSBU		04/21/22		USD	3,941		(275	)
RUB	318,501	GSBU		04/21/22		USD	4,174		(324	)
RUB	318,613	GSBU		04/21/22		USD	4,174		(323	)
RUB	480,072	GSBU		04/21/22		USD	6,287		(484	)
RUB	1,776,760	UBSA		04/21/22		USD	22,712		(1,235	)
RUB	435,470	CBNA		05/23/22		USD	5,556		(459	)
RUB	159,366	DBAG		05/23/22		USD	2,065		(200	)
RUB	474,172	DBAG		05/23/22		USD	6,022		(472	)
RUB	676,280	DBAG		05/23/22		USD	8,796		(880	)
RUB	317,082	GSBU		05/23/22		USD	4,110		(398	)
RUB	432,798	GSBU		05/23/22		USD	5,513		(447	)
RUB	473,054	GSBU		05/23/22		USD	6,169		(632	)
RUB	789,360	SG		05/23/22		USD	10,250		(1,010	)
RUB	437,146	UBSA		05/23/22		USD	5,603		(486	)
RUB	444,222	UBSA		05/23/22		USD	5,684		(484	)
TWD	953,282	BNP		05/20/22		USD	33,996		(718	)
TWD	1,128,994	JPMC		05/20/22		USD	40,235		(823	)
Contracts to Deliver
AUD	1,311,000	BNP		04/04/22		USD	953,885		(27,137	)
AUD	15,342,000	DBAG		04/04/22		USD	11,534,973		54,551
AUD	16,653,000	BNP		05/03/22		USD	12,459,541		(6,194	)
BRL	17,928,445	CBNA		04/04/22		USD	3,431,084		(334,565	)
BRL	17,928,445	GSBU		04/04/22		USD	3,784,129		18,479
BRL	17,874,011	BNP		05/03/22		USD	3,746,000		21,800
CAD	24,969,382	JPMC		04/04/22		USD	19,568,070		(404,929	)
CAD	9,710,803	BNP		05/03/22		USD	7,754,722		(11,803	)
CNH	86,052	BBP		05/20/22		USD	13,539		36
DKK	26,465,000	BNP		04/01/22		USD	4,047,222		111,379
DKK	14,015,000	BNP		04/01/22		USD	2,163,529		79,235
DKK	8,575,000	BNP		04/01/22		USD	1,310,045		34,782
DKK	6,175,000	BNP		04/01/22		USD	968,930		50,592
DKK	790,000	BNP		04/01/22		USD	123,700		6,211
DKK	13,835,000	BBP		04/01/22		USD	2,106,065		48,541

BHFTI-302

Brighthouse Funds Trust I

PIMCO Inflation Protected Bond Portfolio

Schedule of Investments as of March 31, 2022 (Unaudited)

Forward Foreign Currency Exchange Contracts—(Continued)

Contracts to Deliver		Counterparty	Settlement Date		In Exchange for			Unrealized Appreciation/ (Depreciation)
DKK	12,390,000	BBP		04/01/22		USD	1,846,897	$	4,272
DKK	3,665,000	BBP		04/01/22		USD	554,559		9,504
DKK	790,000	BBP		04/01/22		USD	119,988		2,500
DKK	50,138,468	CBNA		04/01/22		USD	7,919,518		462,985
DKK	18,400,000	CBNA		04/01/22		USD	2,844,942		108,516
DKK	14,315,000	CBNA		04/01/22		USD	2,227,595		98,685
DKK	13,365,000	CBNA		04/01/22		USD	2,085,050		97,424
DKK	9,190,000	CBNA		04/01/22		USD	1,432,972		66,246
DKK	6,420,000	CBNA		04/01/22		USD	1,001,757		46,982
DKK	4,110,000	CBNA		04/01/22		USD	642,831		31,596
DKK	3,145,000	CBNA		04/01/22		USD	489,816		22,096
DKK	8,455,000	DBAG		04/01/22		USD	1,288,642		31,225
DKK	422,450,000	GSBU		04/01/22		USD	65,991,073		3,164,821
DKK	10,575,000	GSBU		04/01/22		USD	1,649,124		76,422
DKK	8,990,000	GSBU		04/01/22		USD	1,371,410		34,428
DKK	3,950,000	GSBU		04/01/22		USD	600,095		12,656
DKK	2,330,000	GSBU		04/01/22		USD	355,629		9,114
DKK	25,595,000	JPMC		04/01/22		USD	3,923,360		116,903
DKK	14,135,000	JPMC		04/01/22		USD	2,152,063		49,923
DKK	8,785,000	JPMC		04/01/22		USD	1,336,927		30,433
DKK	6,425,000	JPMC		04/01/22		USD	1,004,859		49,341
DKK	3,215,000	JPMC		04/01/22		USD	503,982		25,851
DKK	1,985,000	JPMC		04/01/22		USD	311,789		16,582
DKK	160,645,000	BBP		07/01/22		USD	24,053,413		80,534
DKK	266,198,531	DBAG		07/01/22		USD	39,674,295		(50,222	)
DKK	209,881,140	DBAG		07/01/22		USD	31,018,323		(302,011	)
EUR	7,195,000	BNP		04/04/22		USD	8,004,070		44,603
EUR	3,935,000	BNP		04/04/22		USD	4,403,237		50,145
EUR	126,506,196	BBP		04/04/22		USD	142,274,213		2,326,764
EUR	5,178,000	GSBU		04/04/22		USD	5,746,442		18,281
EUR	4,406,000	JPMC		04/04/22		USD	4,829,551		(44,585	)
EUR	3,505,000	JPMC		04/04/22		USD	3,801,401		(76,004	)
EUR	132,815,196	DBAG		05/03/22		USD	147,554,070		501,836
GBP	46,816,000	BNP		04/04/22		USD	62,832,328		1,332,508
GBP	1,075,000	BBP		04/04/22		USD	1,437,777		25,604
GBP	899,000	JPMC		04/04/22		USD	1,197,120		16,149
GBP	537,000	JPMC		04/04/22		USD	704,969		(461	)
GBP	45,400,000	BNP		05/04/22		USD	59,764,353		136,101
JPY	4,147,119,038	BBP		04/04/22		USD	36,030,481		1,965,104
JPY	147,300,000	GSBU		04/04/22		USD	1,273,085		63,129
JPY	2,311,760,131	BBP		05/06/22		USD	19,057,257		56,759
KRW	138,278,124	GSBU		05/20/22		USD	112,065		(1,942	)
MXN	93,801,550	CBNA		04/18/22		USD	4,322,493		(382,032	)
MXN	18,760,000	BNP		07/01/22		USD	896,861		(31,683	)
MYR	506,797	BBP		06/15/22		USD	120,801		467
NOK	108,030,000	BNP		05/18/22		USD	12,455,893		190,324
NZD	35,320,000	UBSA		04/04/22		USD	23,776,047		(702,485	)
PEN	7,267,017	CBNA		12/06/22		USD	1,732,717		(197,467	)
RUB	4,524,664	JPMC		04/21/22		USD	32,319		(22,373	)
RUB	2,350,649	JPMC		05/23/22		USD	16,268		(11,248	)
RUB	2,288,303	JPMC		05/23/22		USD	16,115		(10,670	)
TWD	1,517,296	BNP		05/20/22		USD	53,664		697
TWD	832,093	CBNA		05/20/22		USD	29,459		412
TWD	993,380	GSBU		05/20/22		USD	35,139		462
TWD	944,443	BNP		09/21/22		USD	33,996		903
TWD	1,118,332	JPMC		09/21/22		USD	40,235		1,049
Net Unrealized Appreciation								$	9,353,728

BHFTI-303

Brighthouse Funds Trust I

PIMCO Inflation Protected Bond Portfolio

Schedule of Investments as of March 31, 2022 (Unaudited)

Futures Contracts

Futures Contracts—Long	Expiration Date		Number of Contracts			Notional Value				Value/ Unrealized Appreciation/ (Depreciation)
3-Month Euribor Futures		03/13/23		841			EUR	208,767,738		$	(2,274,172	)
Call Options on Euro-Schatz Futures, Strike EUR 115.20		05/20/22		1,658			EUR	8,290			(1,577	)
U.S. Treasury Ultra Long Bond Futures		06/21/22		75			USD	13,284,375			317,685
United Kingdom Long Gilt Bond Futures		06/28/22		159			GBP	19,275,570			(67,507	)
Futures Contracts—Short
Australian 10 Year Treasury Bond Futures		06/15/22		(57	)		AUD	(7,224,353	)		224,299
Australian 3 Year Treasury Bond Futures		06/15/22		(117	)		AUD	(12,856,919	)		160,798
Euro Short-BTP Futures		06/08/22		(298	)		EUR	(33,069,060	)		280,461
Euro-BTP Futures		06/08/22		(383	)		EUR	(52,972,730	)		2,567,177
Euro-Bobl Futures		06/08/22		(749	)		EUR	(96,516,140	)		2,373,774
Euro-Bund Futures		06/08/22		(258	)		EUR	(40,934,280	)		302,126
Euro-Buxl 30 Year Bond Futures		06/08/22		(150	)		EUR	(27,930,000	)		2,439,121
Euro-OAT Futures		06/08/22		(33	)		EUR	(4,999,830	)		110,173
Euro-Schatz Futures		06/08/22		(2,604	)		EUR	(288,353,940	)		2,304,396
Japanese Government 10 Year Bond Futures		06/13/22		(7	)		JPY	(1,047,900,000	)		56,535
Put Options on Euro-Bobl Futures, Strike EUR 131.50		04/22/22		(61	)		EUR	(165,615	)		(154,806	)
U.S. Treasury Long Bond Futures		06/21/22		(962	)		USD	(144,360,125	)		4,340,969
U.S. Treasury Note 10 Year Futures		06/21/22		(463	)		USD	(56,891,125	)		1,154,647
U.S. Treasury Note 2 Year Futures		06/30/22		(500	)		USD	(105,960,938	)		1,218,480
U.S. Treasury Note 5 Year Futures		06/30/22		(104	)		USD	(11,927,500	)		18,751
U.S. Treasury Note Ultra 10 Year Futures		06/21/22		(144	)		USD	(19,507,500	)		(87,200	)
Net Unrealized Appreciation										$	15,284,130

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)
Call - OTC - 2 Yr. IRS		1.710	%	JPMC		12M SOFR	Pay		01/25/23		86,100,000		USD	86,100,000	$	525,210	$	190,849	$	(334,361	)
Call - OTC - 2 Yr. IRS		1.428	%	MSCS		12M SOFR	Pay		01/31/23		46,200,000		USD	46,200,000		236,049		63,872		(172,177	)
Call - OTC - 2 Yr. IRS		1.410	%	BBP		12M SOFR	Pay		02/02/23		46,200,000		USD	46,200,000		231,000		62,846		(168,154	)
Call - OTC - 2 Yr. IRS		1.720	%	CBNA		12M SOFR	Pay		02/23/23		80,800,000		USD	80,800,000		444,400		209,498		(234,902	)
Put - OTC - 30 Yr. IRS		0.195	%	BNP		6M EURIBOR	Receive		11/02/22		7,000,000		EUR	7,000,000		5,267		1,761,028		1,755,761
Put - OTC - 30 Yr. IRS		0.190	%	MSCS		6M EURIBOR	Receive		11/02/22		6,700,000		EUR	6,700,000		488,662		1,694,222		1,205,560
Put - OTC - 30 Yr. IRS		0.197	%	BNP		6M EURIBOR	Receive		11/04/22		8,040,000		EUR	8,040,000		611,704		2,020,442		1,408,738
Put - OTC - 30 Yr. IRS		0.197	%	BBP		6M EURIBOR	Receive		11/04/22		4,160,000		EUR	4,160,000		310,522		1,045,403		734,881
Put - OTC - 30 Yr. IRS		2.237	%	DBAG		3M LIBOR	Receive		11/17/23		18,300,000		USD	18,300,000		1,135,862		1,681,386		545,524
Totals															$	3,988,676	$	8,729,546	$	4,740,870

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	)	$	(130,986	)	$	265,838
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	)	$	(130,986	)	$	539,923

BHFTI-304

Brighthouse Funds Trust I

PIMCO Inflation Protected Bond Portfolio

Schedule of Investments as of March 31, 2022 (Unaudited)

Written Options—(Continued)

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 - 10 Yr. IRS	1.558%	BBP	12M SOFR	Receive		02/02/23		(10,100,000	)		USD	(10,100,000	)	$	(231,038	)	$	(122,991	)	$	108,047
Call - OTC - 10 Yr. IRS	1.579%	MSCS	12M SOFR	Receive		01/31/23		(10,100,000	)		USD	(10,100,000	)		(236,088	)		(126,521	)		109,567
Call - OTC - 10 Yr. IRS	1.736%	CBNA	12M SOFR	Receive		02/23/23		(17,900,000	)		USD	(17,900,000	)		(443,025	)		(312,013	)		131,012
Call - OTC - 10 Yr. IRS	1.785%	JPMC	12M SOFR	Receive		01/25/23		(19,100,000	)		USD	(19,100,000	)		(528,354	)		(335,052	)		193,302
Call - OTC - 2 Yr. IRS	0.350%	DBAG	6M EURIBOR	Receive		08/08/22		(100,000	)		EUR	(100,000	)		(389	)		(133	)		256
Call - OTC - 5 Yr. IRS	0.500%	BNP	6M EURIBOR	Receive		04/07/22		(3,100,000	)		EUR	(3,100,000	)		(15,958	)		(25	)		15,933
Call - OTC - 5 Yr. IRS	0.450%	JPMC	6M EURIBOR	Receive		04/08/22		(7,500,000	)		EUR	(7,500,000	)		(26,548	)		(69	)		26,479
Call - OTC - 5 Yr. IRS	0.450%	BBP	6M EURIBOR	Receive		05/09/22		(3,400,000	)		EUR	(3,400,000	)		(14,752	)		(1,135	)		13,617
Call - OTC - 5 Yr. IRS	0.500%	CBNA	6M EURIBOR	Receive		05/16/22		(3,000,000	)		EUR	(3,000,000	)		(12,292	)		(1,737	)		10,555
Call - OTC - 5 Yr. IRS	0.500%	GSBU	6M EURIBOR	Receive		05/11/22		(6,900,000	)		EUR	(6,900,000	)		(24,390	)		(3,438	)		20,952
Put - OTC - 5 Yr. IRS	2.340%	DBAG	3M LIBOR	Pay		11/17/23		(90,200,000	)		USD	(90,200,000	)		(1,136,520	)		(2,639,441	)		(1,502,921	)
Put - OTC - 10 Yr. IRS	0.000%	BBP	6M EURIBOR	Pay		11/04/22		(12,490,000	)		EUR	(12,490,000	)		(305,983	)		(1,731,160	)		(1,425,177	)
Put - OTC - 10 Yr. IRS	0.000%	BNP	6M EURIBOR	Pay		11/04/22		(24,210,000	)		EUR	(24,210,000	)		(600,297	)		(3,355,595	)		(2,755,298	)
Put - OTC - 10 Yr. IRS	0.000%	MSCS	6M EURIBOR	Pay		11/02/22		(20,200,000	)		EUR	(20,200,000	)		(490,004	)		(2,795,893	)		(2,305,889	)
Put - OTC - 10 Yr. IRS	0.000%	BNP	6M EURIBOR	Pay		11/02/22		(21,000,000	)		EUR	(21,000,000	)		—			(2,906,621	)		(2,906,621	)
Put - OTC - 2 Yr. IRS	0.550%	DBAG	6M EURIBOR	Pay		08/08/22		(100,000	)		EUR	(100,000	)		(389	)		(899	)		(510	)
Put - OTC - 5 Yr. IRS	1.000%	CBNA	6M EURIBOR	Pay		05/16/22		(3,000,000	)		EUR	(3,000,000	)		(12,292	)		(25,956	)		(13,664	)
Put - OTC - 5 Yr. IRS	0.700%	BNP	6M EURIBOR	Pay		04/07/22		(3,100,000	)		EUR	(3,100,000	)		(15,958	)		(48,566	)		(32,608	)
Put - OTC - 5 Yr. IRS	1.000%	GSBU	6M EURIBOR	Pay		05/11/22		(6,900,000	)		EUR	(6,900,000	)		(27,060	)		(56,377	)		(29,317	)
Put - OTC - 5 Yr. IRS	0.650%	BBP	6M EURIBOR	Pay		05/09/22		(3,400,000	)		EUR	(3,400,000	)		(27,758	)		(71,144	)		(43,386	)
Put - OTC - 5 Yr. IRS	0.650%	JPMC	6M EURIBOR	Pay		04/08/22		(7,500,000	)		EUR	(7,500,000	)		(42,819	)		(138,036	)		(95,217	)
Totals														$	(4,191,914	)	$	(14,672,802	)	$	(10,480,888	)

Credit Default Swaptions	Strike Spread			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		0.900	%	MSCS		CDX.NA.IG.37		Sell		04/20/22		(3,100,000	)		USD	(3,100,000	)	$	(5,890	)	$	(288	)	$	5,602
Put - OTC - 5 Yr. CDS		0.900	%	GSI		CDX.NA.IG.37		Sell		04/20/22		(3,400,000	)		USD	(3,400,000	)		(5,678	)		(316	)		5,362
Put - OTC - 5 Yr. CDS		0.900	%	JPMC		CDX.NA.IG.37		Sell		04/20/22		(3,200,000	)		USD	(3,200,000	)		(4,832	)		(298	)		4,534
Put - OTC - 5 Yr. CDS		0.900	%	BBP		CDX.NA.IG.37		Sell		04/20/22		(4,300,000	)		USD	(4,300,000	)		(5,504	)		(400	)		5,104
Put - OTC - 5 Yr. CDS		0.950	%	MSCS		CDX.NA.IG.37		Sell		04/20/22		(4,300,000	)		USD	(4,300,000	)		(5,483	)		(276	)		5,207
Put - OTC - 5 Yr. CDS		0.950	%	JPMC		CDX.NA.IG.37		Sell		04/20/22		(4,300,000	)		USD	(4,300,000	)		(5,483	)		(276	)		5,207
Put - OTC - 5 Yr. CDS		1.000	%	BBP		CDX.NA.IG.37		Sell		06/15/22		(4,200,000	)		USD	(4,200,000	)		(7,959	)		(2,679	)		5,280
Put - OTC - 5 Yr. CDS		1.000	%	JPMC		CDX.NA.IG.37		Sell		06/15/22		(3,800,000	)		USD	(3,800,000	)		(5,814	)		(2,424	)		3,390
Put - OTC - 5 Yr. CDS		1.100	%	DBAG		CDX.NA.IG.37		Sell		06/15/22		(4,100,000	)		USD	(4,100,000	)		(6,765	)		(2,014	)		4,751
Put - OTC - 5 Yr. CDS		1.100	%	MSCS		CDX.NA.IG.37		Sell		06/15/22		(3,800,000	)		USD	(3,800,000	)		(7,866	)		(1,867	)		5,999
Put - OTC - 5 Yr. CDS		1.200	%	MSCS		CDX.NA.IG.37		Sell		06/15/22		(7,500,000	)		USD	(7,500,000	)		(10,548	)		(2,873	)		7,675
Put - OTC - 5 Yr. CDS		1.200	%	BNP		CDX.NA.IG.37		Sell		07/20/22		(2,800,000	)		USD	(2,800,000	)		(5,068	)		(1,870	)		3,198
Put - OTC - 5 Yr. CDS		0.850	%	MSCS		ITRX.EUR.36		Sell		04/20/22		(3,900,000	)		EUR	(3,900,000	)		(6,039	)		(1,389	)		4,650
Put - OTC - 5 Yr. CDS		0.850	%	BBP		ITRX.EUR.36		Sell		05/18/22		(2,300,000	)		EUR	(2,300,000	)		(2,809	)		(2,346	)		463
Put - OTC - 5 Yr. CDS		0.850	%	CBNA		ITRX.EUR.36		Sell		05/18/22		(2,600,000	)		EUR	(2,600,000	)		(3,576	)		(2,652	)		924
Put - OTC - 5 Yr. CDS		0.900	%	MSCS		ITRX.EUR.36		Sell		04/20/22		(3,000,000	)		EUR	(3,000,000	)		(3,519	)		(877	)		2,642
Put - OTC - 5 Yr. CDS		0.900	%	MSCS		ITRX.EUR.36		Sell		05/18/22		(2,400,000	)		EUR	(2,400,000	)		(2,588	)		(2,057	)		531
Put - OTC - 5 Yr. CDS		0.900	%	BBP		ITRX.EUR.36		Sell		05/18/22		(2,500,000	)		EUR	(2,500,000	)		(3,398	)		(2,142	)		1,256
Put - OTC - 5 Yr. CDS		0.950	%	GSI		ITRX.EUR.36		Sell		06/15/22		(2,600,000	)		EUR	(2,600,000	)		(4,409	)		(3,627	)		782
Put - OTC - 5 Yr. CDS		1.000	%	BBP		ITRX.EUR.36		Sell		06/15/22		(8,200,000	)		EUR	(8,200,000	)		(17,635	)		(10,414	)		7,221
Put - OTC - 5 Yr. CDS		1.000	%	BBP		ITRX.EUR.36		Sell		05/18/22		(3,000,000	)		EUR	(3,000,000	)		(4,850	)		(2,011	)		2,839
Put - OTC - 5 Yr. CDS		1.000	%	BBP		ITRX.EUR.36		Sell		05/18/22		(2,600,000	)		EUR	(2,600,000	)		(3,938	)		(1,742	)		2,196
Put - OTC - 5 Yr. CDS		1.050	%	MSCS		ITRX.EUR.36		Sell		05/18/22		(2,500,000	)		EUR	(2,500,000	)		(4,001	)		(1,484	)		2,517
Put - OTC - 5 Yr. CDS		1.200	%	BBP		ITRX.EUR.36		Sell		07/20/22		(3,600,000	)		EUR	(3,600,000	)		(16,335	)		(5,522	)		10,813
Put - OTC - 5 Yr. CDS		4.000	%	JPMC		ITRX.EUR.XOVER.36		Sell		04/20/22		(500,000	)		EUR	(500,000	)		(2,291	)		(643	)		1,648
Put - OTC - 5 Yr. CDS		4.000	%	MSCS		ITRX.EUR.XOVER.36		Sell		04/20/22		(400,000	)		EUR	(400,000	)		(1,935	)		(514	)		1,421
Put - OTC - 5 Yr. CDS		4.250	%	BBP		ITRX.EUR.XOVER.36		Sell		05/18/22		(2,000,000	)		EUR	(2,000,000	)		(11,851	)		(7,652	)		4,199
Put - OTC - 5 Yr. CDS		4.250	%	BBP		ITRX.EUR.XOVER.36		Sell		04/20/22		(500,000	)		EUR	(500,000	)		(2,628	)		(456	)		2,172
Put - OTC - 5 Yr. CDS		4.500	%	BBP		ITRX.EUR.XOVER.36		Sell		05/18/22		(500,000	)		EUR	(500,000	)		(3,594	)		(1,580	)		2,014

BHFTI-305

Brighthouse Funds Trust I

PIMCO Inflation Protected Bond Portfolio

Schedule of Investments as of March 31, 2022 (Unaudited)

Written Options—(Continued)

Credit Default Swaptions	Strike Spread			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		4.500	%	GSI		ITRX.EUR.XOVER.36		Sell		05/18/22		(400,000	)		EUR	(400,000	)	$	(2,668	)	$	(1,264	)	$	1,404
Put - OTC - 5 Yr. CDS		5.500	%	BNP		ITRX.EUR.XOVER.36		Sell		06/15/22		(300,000	)		EUR	(300,000	)		(3,089	)		(1,032	)		2,057
Totals																		$	(178,043	)	$	(64,985	)	$	113,058

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, 2.500%, TBA	JPMC		USD	98.391		05/05/22		(500,000	)		USD	(500,000	)	$	(2,305	)	$	(407	)	$	1,898
Call - Uniform Mortgage-Backed Securities 30 Yr. Pool, 2.500%, TBA	JPMC		USD	98.469		05/05/22		(800,000	)		USD	(800,000	)		(3,688	)		(606	)		3,082
Call - Uniform Mortgage-Backed Securities 30 Yr. Pool, 2.500%, TBA	JPMC		USD	98.617		05/05/22		(600,000	)		USD	(600,000	)		(2,719	)		(395	)		2,324
Call - Uniform Mortgage-Backed Securities 30 Yr. Pool, 3.000%, TBA	JPMC		USD	98.406		06/06/22		(2,600,000	)		USD	(2,600,000	)		(13,813	)		(17,991	)		(4,178	)
Call - Uniform Mortgage-Backed Securities 30 Yr. Pool, 3.000%, TBA	JPMC		USD	99.617		06/06/22		(1,100,000	)		USD	(1,100,000	)		(4,898	)		(3,375	)		1,523
Call - Uniform Mortgage-Backed Securities 30 Yr. Pool, 3.500%, TBA	JPMC		USD	100.625		06/06/22		(1,300,000	)		USD	(1,300,000	)		(5,484	)		(4,846	)		638
Put - Uniform Mortgage-Backed Securities 30 Yr. Pool, 3.000%, TBA	JPMC		USD	96.406		06/06/22		(2,600,000	)		USD	(2,600,000	)		(16,148	)		(20,318	)		(4,170	)
Put - Uniform Mortgage-Backed Securities 30 Yr. Pool, 3.000%, TBA	JPMC		USD	97.617		06/06/22		(1,100,000	)		USD	(1,100,000	)		(6,531	)		(13,835	)		(7,304	)
Put - Uniform Mortgage-Backed Securities 30 Yr. Pool, 3.000%, TBA	JPMC		USD	98.766		05/05/22		(600,000	)		USD	(600,000	)		(3,188	)		(9,392	)		(6,204	)
Put - Uniform Mortgage-Backed Securities 30 Yr. Pool, 3.000%, TBA	JPMC		USD	98.914		05/05/22		(800,000	)		USD	(800,000	)		(4,250	)		(13,368	)		(9,118	)
Put - Uniform Mortgage-Backed Securities 30 Yr. Pool, 3.000%, TBA	JPMC		USD	99.102		05/05/22		(600,000	)		USD	(600,000	)		(3,188	)		(10,857	)		(7,669	)
Put - Uniform Mortgage-Backed Securities 30 Yr. Pool, 3.000%, TBA	JPMC		USD	100.414		04/06/22		(1,400,000	)		USD	(1,400,000	)		(4,375	)		(35,883	)		(31,508	)
Put - Uniform Mortgage-Backed Securities 30 Yr. Pool, 3.500%, TBA	JPMC		USD	98.625		06/06/22		(1,300,000	)		USD	(1,300,000	)		(7,516	)		(6,341	)		1,175
														$	(78,103	)	$	(137,614	)	$	(59,511	)

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	1.760%		Maturity		11/04/29		USD	24,500,000	$	(4,359,418	)	$	(12,991	)	$	(4,346,427	)
Pay	12M CPURNSA		Maturity	1.954%		Maturity		06/03/29		USD	8,650,000		(1,349,176	)		—			(1,349,176	)
Pay	12M CPURNSA		Maturity	1.998%		Maturity		07/25/29		USD	21,500,000		(3,228,721	)		2,634			(3,231,355	)
Pay	12M CPURNSA		Maturity	2.335%		Maturity		02/05/28		USD	13,090,000		(944,027	)		28,402			(972,429	)
Pay	12M CPURNSA		Maturity	2.370%		Maturity		06/06/28		USD	6,400,000		(671,124	)		(1,137	)		(669,987	)
Pay	12M CPURNSA		Maturity	4.950%		Maturity		03/07/23		USD	11,100,000		(85,081	)		—			(85,081	)
Pay	12M CPURNSA		Maturity	5.010%		Maturity		03/03/23		USD	32,100,000		(244,809	)		—			(244,809	)
Pay	12M CPURNSA		Maturity	5.033%		Maturity		03/08/23		USD	7,000,000		(46,999	)		—			(46,999	)
Pay	12M CPURNSA		Maturity	5.500%		Maturity		03/21/23		USD	26,900,000		(8,817	)		—			(8,817	)
Pay	12M CPURNSA		Maturity	7.268%		Maturity		05/01/22		USD	16,200,000		(97,663	)		—			(97,663	)
Pay	12M FRCPXT		Maturity	1.410%		Maturity		11/15/39		EUR	600,000		(167,681	)		—			(167,681	)
Pay	12M FRCPXT		Maturity	1.910%		Maturity		01/15/38		EUR	350,000		(43,085	)		2,831			(45,916	)
Pay	12M HICP		Maturity	1.380%		Maturity		03/15/31		EUR	23,400,000		(4,734,397	)		(150,736	)		(4,583,661	)
Pay	12M HICP		Maturity	2.580%		Maturity		03/15/52		EUR	400,000		355			—			355
Pay	12M HICP		Maturity	2.590%		Maturity		03/15/52		EUR	1,400,000		9,741			(36,513	)		46,254
Pay	12M UKRPI		Maturity	3.325%		Maturity		08/15/30		GBP	12,100,000		(2,752,950	)		113,664			(2,866,614	)
Pay	12M UKRPI		Maturity	3.400%		Maturity		06/15/30		GBP	15,300,000		(3,086,394	)		64,254			(3,150,648	)
Pay	12M UKRPI		Maturity	3.438%		Maturity		01/15/30		GBP	8,000,000		(1,736,906	)		—			(1,736,906	)
Pay	12M UKRPI		Maturity	3.475%		Maturity		08/15/30		GBP	6,000,000		(1,464,563	)		53,499			(1,518,062	)
Pay	12M UKRPI		Maturity	3.566%		Maturity		03/15/36		GBP	1,700,000		(464,052	)		—			(464,052	)
Pay	12M UKRPI		Maturity	3.580%		Maturity		03/15/36		GBP	5,600,000		(1,508,388	)		(30,292	)		(1,478,096	)
Pay	12M UKRPI		Maturity	3.750%		Maturity		04/15/31		GBP	3,570,000		(766,400	)		(1,250	)		(765,150	)
Pay	12M UKRPI		Maturity	3.850%		Maturity		09/15/24		GBP	11,200,000		(965,063	)		(683	)		(964,380	)
Pay	12M UKRPI		Maturity	4.066%		Maturity		09/15/31		GBP	500,000		(67,195	)		—			(67,195	)
Pay	3M EURIBOR		Annually	(0.526)%		Annually		11/21/23		EUR	72,000,000		(974,868	)		—			(974,868	)

BHFTI-306

Brighthouse Funds Trust I

PIMCO Inflation Protected Bond Portfolio

Schedule of Investments as of March 31, 2022 (Unaudited)

Centrally Cleared Interest Rate Swaps—(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)
Pay	3M LIBOR		Semi-Annually	1.888%		Semi-Annually		11/21/53		USD	5,000,000	$	(358,514	)	$	—		$	(358,514	)
Pay	6M EURIBOR		Annually	0.500%		Annually		09/21/52		EUR	2,200,000		(340,720	)		(243,468	)		(97,252	)
Receive	12M CPURNSA		Maturity	1.798%		Maturity		08/25/27		USD	9,300,000		1,524,650			—			1,524,650
Receive	12M CPURNSA		Maturity	1.890%		Maturity		08/27/27		USD	12,300,000		1,934,173			—			1,934,173
Receive	12M CPURNSA		Maturity	2.069%		Maturity		07/15/22		USD	4,500,000		332,882			—			332,882
Receive	12M CPURNSA		Maturity	2.210%		Maturity		02/05/23		USD	25,780,000		2,033,250			—			2,033,250
Receive	12M CPURNSA		Maturity	2.263%		Maturity		04/27/23		USD	13,492,000		1,031,951			(2,800	)		1,034,751
Receive	12M CPURNSA		Maturity	2.311%		Maturity		02/24/31		USD	21,200,000		2,850,468			8,706			2,841,762
Receive	12M CPURNSA		Maturity	2.314%		Maturity		02/26/26		USD	10,200,000		1,125,779			—			1,125,779
Receive	12M CPURNSA		Maturity	2.419%		Maturity		03/05/26		USD	13,000,000		1,363,167			—			1,363,167
Receive	12M CPURNSA		Maturity	2.560%		Maturity		05/08/23		USD	12,300,000		(42,656	)		(733,562	)		690,906
Receive	12M CPURNSA		Maturity	2.573%		Maturity		08/26/28		USD	1,900,000		148,173			—			148,173
Receive	12M CPURNSA		Maturity	2.645%		Maturity		09/10/28		USD	2,400,000		168,346			—			168,346
Receive	12M CPURNSA		Maturity	2.703%		Maturity		05/25/26		USD	7,090,000		612,694			—			612,694
Receive	12M CPURNSA		Maturity	2.768%		Maturity		05/13/26		USD	11,300,000		951,374			—			951,374
Receive	12M CPURNSA		Maturity	2.813%		Maturity		05/14/26		USD	4,600,000		376,243			—			376,243
Receive	12M FRCPXT		Maturity	1.030%		Maturity		03/15/24		EUR	10,500,000		781,660			(1,747	)		783,407
Receive	12M HICP		Maturity	0.090%		Maturity		05/15/22		EUR	1,900,000		139,898			—			139,898
Receive	12M HICP		Maturity	0.330%		Maturity		07/15/22		EUR	6,400,000		577,919			49			577,870
Receive	12M SONIA		Annually	0.750%		Annually		09/21/32		GBP	17,300,000		1,911,148			546,858			1,364,290
Receive	12M UKRPI		Maturity	4.180%		Maturity		09/15/22		GBP	3,000,000		239,051			—			239,051
Receive	12M UKRPI		Maturity	4.220%		Maturity		08/15/22		GBP	3,000,000		247,267			—			247,267
Receive	12M UKRPI		Maturity	4.300%		Maturity		01/15/32		GBP	5,600,000		359,485			12,566			346,919
Receive	12M UKRPI		Maturity	4.480%		Maturity		09/15/23		GBP	2,800,000		244,626			—			244,626
Receive	12M UKRPI		Maturity	4.615%		Maturity		02/15/27		GBP	8,100,000		381,004			—			381,004
Receive	12M UKRPI		Maturity	4.626%		Maturity		02/15/27		GBP	9,500,000		439,354			7,041			432,313
Receive	12M UKRPI		Maturity	4.735%		Maturity		12/15/26		GBP	10,900,000		573,456			(138,942	)		712,398
Receive	3M LIBOR		Quarterly	1.840%		Semi-Annually		11/21/28		USD	24,600,000		696,649			—			696,649
Receive	3M NZDBB		Semi-Annually	3.250%		Semi-Annually		03/21/28		NZD	8,400,000		38,665			25,634			13,031
Receive	6M EURIBOR		Annually	0.250%		Annually		09/21/32		EUR	12,900,000		1,424,720			1,214,832			209,888
Receive	6M TONA		Semi-Annually	0.300%		Semi-Annually		09/20/27		JPY	788,000,000		(35,826	)		(6,190	)		(29,636	)
Receive	6M TONA		Semi-Annually	0.300%		Semi-Annually		03/20/28		JPY	426,780,000		(17,538	)		(2,241	)		(15,297	)
Totals												$	(8,044,883	)	$	718,418		$	(8,763,301	)

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 March 31, 2022(b)			Notional Amount(c)			Market Value		Upfront Premiums Paid/(Received)			Unrealized Appreciation/ (Depreciation)
Barclays Bank plc 1.500%, due 04/04/17		1.000	%		Quarterly		12/20/22		0.298	%		EUR	900,000	$	5,121	$	4,246		$	875
General Electric Co. 2.700%, due 10/09/22		1.000	%		Quarterly		12/20/23		0.344	%		USD	1,000,000		11,158		(18,848	)		30,006
Totals														$	16,279	$	(14,602	)	$	30,881

(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.

BHFTI-307

Brighthouse Funds Trust I

PIMCO Inflation Protected Bond Portfolio

Schedule of Investments as of March 31, 2022 (Unaudited)

Glossary of Abbreviations

Counterparties

(BBP)—	Barclays Bank plc
(BNP)—	BNP Paribas S.A.
(CBNA)—	Citibank N.A.
(DBAG)—	Deutsche Bank AG
(GSBU)—	Goldman Sachs Bank USA
(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
(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
(TWD)—	Taiwanese Dollar
(USD)—	United States Dollar

Index Abbreviations

(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
(SOFR30A)—	Secured Overnight Financing Rate 30-Day Average
(SONIA)—	Sterling Overnight Index Average Deposit Rate
(TONA)—	Tokyo Overnight Average Rate
(TSFR)—	Term Secured Financing Rate
(UKRPI)—	United Kingdom Retail Price Index

Other Abbreviations

(ARM)—	Adjustable-Rate Mortgage
(CDS)—	Credit Default Swap
(CLO)—	Collateralized Loan Obligation
(CMO)—	Collateralized Mortgage Obligation
(DAC)—	Designated Activity Company
(ICE)—	Intercontinental Exchange, Inc.
(IRS)—	Interest Rate Swap
(REMIC)—	Real Estate Mortgage Investment Conduit

BHFTI-308

Brighthouse Funds Trust I

PIMCO Inflation Protected Bond Portfolio

Schedule of Investments as of March 31, 2022 (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 March 31, 2022:

Description	Level 1			Level 2			Level 3		Total
Total U.S. Treasury & Government Agencies*	$	—		$	2,434,311,428		$	—	$	2,434,311,428
Total Foreign Government*		—			235,544,649			—		235,544,649
Total Asset-Backed Securities*		—			143,182,543			—		143,182,543
Total Corporate Bonds & Notes*		—			134,939,714			—		134,939,714
Total Mortgage-Backed Securities*		—			57,193,578			—		57,193,578
Total Preferred Stock*		—			—			11,567,115		11,567,115
Total Convertible Preferred Stock*		1,192,500			—			—		1,192,500
Total Short-Term Investments*		—			1,083,400,000			—		1,083,400,000
Total Purchased Options at Value		—			8,729,546			—		8,729,546
Total Investments	$	1,192,500		$	4,097,301,458		$	11,567,115	$	4,110,061,073
Secured Borrowings (Liability)		—		$	(2,104,265,037	)		—	$	(2,104,265,037	)
Forward Contracts
Forward Foreign Currency Exchange Contracts (Unrealized Appreciation)	$	—		$	12,615,512		$	—	$	12,615,512
Forward Foreign Currency Exchange Contracts (Unrealized Depreciation)		—			(3,261,784	)		—		(3,261,784	)
Total Forward Contracts	$	—		$	9,353,728		$	—	$	9,353,728
Futures Contracts
Futures Contracts (Unrealized Appreciation)	$	17,869,392		$	—		$	—	$	17,869,392
Futures Contracts (Unrealized Depreciation)		(2,585,262	)		—			—		(2,585,262	)
Total Futures Contracts	$	15,284,130		$	—		$	—	$	15,284,130
Written Options
Credit Default Swaptions at Value	$	—		$	(64,985	)	$	—	$	(64,985	)
Inflation Capped Options at Value		—			(130,986	)		—		(130,986	)
Interest Rate Swaptions at Value		—			(14,672,802	)		—		(14,672,802	)
OTC Options on Securities at Value		—			(137,614	)		—		(137,614	)
Total Written Options	$	—		$	(15,006,387	)	$	—	$	(15,006,387	)
Centrally Cleared Swap Contracts
Centrally Cleared Swap Contracts (Unrealized Appreciation)	$	—		$	21,604,251		$	—	$	21,604,251
Centrally Cleared Swap Contracts (Unrealized Depreciation)		—			(30,336,671	)		—		(30,336,671	)
Total Centrally Cleared Swap Contracts	$	—		$	(8,732,420	)	$	—	$	(8,732,420	)

* 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 March 31, 2022 is not presented.

BHFTI-309

Brighthouse Funds Trust I

PIMCO Total Return Portfolio

Schedule of Investments as of March 31, 2022 (Unaudited)

U.S. Treasury & Government Agencies—51.7% of Net Assets

Security Description	Principal Amount*		Value
Agency Sponsored Mortgage - Backed—30.8%
Fannie Mae 10 Yr. Pool
3.000%, 05/01/22		2,258	$	2,236
3.500%, 02/01/24		79,330		80,925
3.500%, 10/01/24		137,780		140,573
3.500%, 11/01/24		59,729		60,942
3.500%, 02/01/25		226,317		230,945
3.500%, 03/01/29		242,621		247,931
Fannie Mae 15 Yr. Pool
3.000%, 09/01/28		205,104		206,962
3.000%, 06/01/30		6,223,983		6,288,053
3.500%, 04/01/25		22,411		22,875
3.500%, 10/01/26		56,251		57,488
3.500%, 12/01/26		152,486		155,784
3.500%, 04/01/27		98,633		100,710
3.500%, 12/01/28		302,488		309,220
3.500%, 07/01/29		30,524		31,165
3.500%, 12/01/31		107,459		110,326
3.500%, 05/01/32		240,278		246,778
3.500%, 06/01/32		405,489		416,452
3.500%, 05/01/33		204,347		209,769
3.500%, 06/01/33		271,423		278,721
3.500%, 08/01/33		177,507		182,017
3.500%, 09/01/33		699,949		718,605
3.500%, 10/01/33		404,886		415,664
3.500%, 05/01/34		7,603,757		7,794,986
3.500%, 07/01/34		339,182		347,444
3.500%, 09/01/34		809,542		834,067
3.500%, 02/01/35		48,653		49,790
3.500%, 03/01/35		107,959		110,448
3.500%, 05/01/35		4,396,531		4,488,743
4.000%, 05/01/24		156,875		161,194
4.000%, 06/01/24		156,378		160,594
4.000%, 02/01/25		70,154		72,119
4.000%, 06/01/25		31,900		32,802
4.000%, 08/01/25		12,163		12,502
4.000%, 12/01/25		19,274		19,818
4.000%, 02/01/26		27,572		28,424
4.000%, 03/01/26		5,380		5,541
4.000%, 06/01/26		7,589		7,802
4.000%, 11/01/33		52,551		54,226
4.500%, 05/01/23		1,755		1,802
4.500%, 06/01/23		104		106
4.500%, 04/01/24		2,985		3,057
4.500%, 05/01/24		18,985		19,455
4.500%, 08/01/24		2,505		2,565
4.500%, 10/01/24		36,856		37,824
4.500%, 11/01/24		6,947		7,128
4.500%, 02/01/25		53,108		54,701
4.500%, 03/01/25		43,293		44,718
4.500%, 04/01/25		29,693		30,430
4.500%, 05/01/25		76,173		78,351
4.500%, 06/01/25		7,186		7,425
4.500%, 07/01/25		487,668		502,537
4.500%, 08/01/25		8,209		8,419
4.500%, 09/01/25		23,002		23,626
4.500%, 11/01/25		28,526		29,526
Agency Sponsored Mortgage - Backed—(Continued)
Fannie Mae 15 Yr. Pool
4.500%, 04/01/26		1,714		1,775
4.500%, 01/01/27		4,222		4,340
5.500%, 07/01/22		1,958		1,960
5.500%, 10/01/22		2,351		2,357
5.500%, 11/01/22		1,146		1,149
5.500%, 12/01/22		3,082		3,095
5.500%, 02/01/23		5,122		5,158
5.500%, 03/01/23		325		328
5.500%, 07/01/23		1,029		1,040
5.500%, 08/01/23		968		974
5.500%, 10/01/23		4,097		4,134
5.500%, 12/01/23		162		163
5.500%, 01/01/24		583		593
5.500%, 03/01/24		1,980		2,008
5.500%, 09/01/24		2,629		2,644
5.500%, 01/01/25		44,845		45,684
5.500%, 05/01/25		1,190		1,204
Fannie Mae 20 Yr. Pool
3.500%, 04/01/40		374,135		376,976
3.500%, 05/01/40		5,164,435		5,219,032
4.000%, 04/01/29		17,125		17,577
4.000%, 05/01/29		51,060		52,143
4.000%, 03/01/30		30,018		30,655
4.000%, 05/01/30		45,600		46,571
4.000%, 08/01/30		38,620		39,445
4.000%, 09/01/30		31,546		32,447
4.000%, 10/01/30		1,139		1,172
4.000%, 11/01/30		139,240		143,229
4.000%, 12/01/30		18,867		19,408
4.000%, 06/01/31		2,942		3,024
4.000%, 09/01/31		66,149		68,533
4.000%, 11/01/31		3,338		3,409
4.500%, 01/01/25		1,179		1,221
4.500%, 04/01/31		12,267		12,779
5.500%, 06/01/27		3,692		3,920
5.500%, 12/01/27		27,506		29,217
5.500%, 03/01/28		13,211		14,040
5.500%, 04/01/28		33,355		35,421
5.500%, 05/01/28		16,400		17,453
5.500%, 10/01/28		6,479		6,896
5.500%, 12/01/28		2,021		2,149
5.500%, 01/01/29		29,094		30,967
5.500%, 07/01/29		34,283		36,415
5.500%, 10/01/29		87,047		92,587
5.500%, 04/01/30		10,465		11,124
6.000%, 06/01/26		2,278		2,430
6.000%, 07/01/26		19,085		20,342
6.000%, 08/01/26		3,472		3,701
6.000%, 12/01/26		3,460		3,691
6.000%, 10/01/28		12,532		13,370
Fannie Mae 30 Yr. Pool
3.000%, 08/01/49		2,735,412		2,686,742
4.000%, 05/01/34		62,729		64,413
4.000%, 05/01/35		26,095		27,222
4.000%, 01/01/41		25,837		27,035

BHFTI-310

Brighthouse Funds Trust I

PIMCO Total Return Portfolio

Schedule of Investments as of March 31, 2022 (Unaudited)

U.S. Treasury & Government Agencies—(Continued)

Security Description	Principal Amount*		Value
Agency Sponsored Mortgage - Backed—(Continued)
Fannie Mae 30 Yr. Pool
4.000%, 12/01/43		256,863	$	268,485
4.500%, 04/01/39		15,544		16,538
4.500%, 05/01/39		28,559		30,387
4.500%, 12/01/39		5,362		5,662
4.500%, 05/01/40		11,017		11,722
4.500%, 09/01/40		13,315		14,166
4.500%, 12/01/40		33,757		35,715
4.500%, 02/01/41		51,654		53,584
4.500%, 07/01/41		6,290		6,549
4.500%, 09/01/41		160,285		166,207
4.500%, 03/01/42		28,006		29,705
4.500%, 07/01/42		97,176		100,777
5.000%, 03/01/32		839		882
5.000%, 04/01/33		41,031		43,145
5.000%, 07/01/33		46,587		50,370
5.000%, 08/01/33		969		1,047
5.000%, 09/01/33		846		915
5.000%, 10/01/33		8,261		8,935
5.000%, 11/01/33		175		184
5.000%, 01/01/34		17,255		18,156
5.000%, 04/01/34		58,220		62,799
5.000%, 06/01/34		1,367		1,441
5.000%, 12/01/34		13,649		14,370
5.000%, 01/01/35		16,484		17,348
5.000%, 04/01/35		21		23
5.000%, 07/01/35		21,812		22,961
5.000%, 01/01/38		58,398		62,829
5.000%, 04/01/39		10,638		11,507
5.000%, 10/01/39		1,728		1,826
5.000%, 11/01/39		8,189		8,827
5.000%, 06/01/40		10,531		11,087
5.000%, 11/01/42		39,033		41,086
5.500%, 12/01/28		5,912		6,281
5.500%, 06/01/33		22,008		23,949
5.500%, 07/01/33		4,943		5,409
5.500%, 09/01/33		109,437		117,437
5.500%, 11/01/33		99,453		105,712
5.500%, 12/01/33		542		580
5.500%, 04/01/34		933		1,021
5.500%, 07/01/34		7,227		7,691
5.500%, 08/01/34		159,557		174,053
5.500%, 09/01/34		1,831		2,005
5.500%, 11/01/34		137,183		150,191
5.500%, 12/01/34		338,190		370,184
5.500%, 01/01/35		117,643		128,796
5.500%, 02/01/35		154,225		168,732
5.500%, 03/01/35		262,855		287,415
5.500%, 04/01/35		43,514		46,297
5.500%, 05/01/35		57,490		62,966
5.500%, 06/01/35		91,059		99,643
5.500%, 08/01/35		83,214		90,962
5.500%, 09/01/35		930,432		1,017,933
5.500%, 10/01/35		80,825		88,433
5.500%, 12/01/35		424,303		463,820
5.500%, 01/01/36		98,280		107,536
Agency Sponsored Mortgage - Backed—(Continued)
Fannie Mae 30 Yr. Pool
5.500%, 03/01/36		100,455		109,995
5.500%, 05/01/36		812		889
5.500%, 07/01/36		430,797		471,747
5.500%, 09/01/36		51,214		56,080
5.500%, 11/01/36		29,806		32,596
5.500%, 12/01/36		1,273		1,353
5.500%, 02/01/37		687		753
5.500%, 05/01/37		8,195		8,895
5.500%, 08/01/37		372,954		408,374
5.500%, 01/01/38		3,380		3,725
5.500%, 02/01/38		93,559		102,712
5.500%, 03/01/38		495,889		546,506
5.500%, 05/01/38		804,742		887,419
5.500%, 06/01/38		28,962		31,779
5.500%, 09/01/38		19,548		20,800
5.500%, 10/01/38		302,163		330,880
5.500%, 11/01/38		70,873		78,135
5.500%, 01/01/39		20,830		22,969
5.500%, 07/01/39		5,873		6,246
5.500%, 11/01/39		882,804		973,026
5.500%, 02/01/40		140,309		153,210
5.500%, 06/01/40		53,117		56,461
5.500%, 09/01/40		125,922		138,777
5.500%, 07/01/41		1,448,931		1,596,457
5.500%, 02/01/49		140,774		149,819
6.000%, 12/01/28		8,976		9,576
6.000%, 01/01/29		6,293		6,726
6.000%, 02/01/29		50		54
6.000%, 04/01/29		1,032		1,121
6.000%, 06/01/29		1,644		1,786
6.000%, 11/01/32		35,821		38,261
6.000%, 12/01/32		71,175		77,139
6.000%, 03/01/33		6,987		7,722
6.000%, 05/01/33		7,153		7,905
6.000%, 07/01/33		7,569		8,377
6.000%, 01/01/34		494		543
6.000%, 09/01/34		4,446		4,744
6.000%, 11/01/34		5,036		5,434
6.000%, 04/01/35		324,649		358,822
6.000%, 05/01/35		7,174		7,800
6.000%, 06/01/35		487		521
6.000%, 07/01/35		15,297		16,411
6.000%, 09/01/35		3,321		3,704
6.000%, 11/01/35		124,658		133,037
6.000%, 12/01/35		9,436		10,219
6.000%, 04/01/36		1,285		1,378
6.000%, 05/01/36		25,945		28,302
6.000%, 06/01/36		1,255		1,340
6.000%, 07/01/36		6,819		7,303
6.000%, 08/01/36		688,678		768,993
6.000%, 09/01/36		81,375		89,793
6.000%, 10/01/36		41,780		44,629
6.000%, 11/01/36		13,456		14,638
6.000%, 12/01/36		7,667		8,184
6.000%, 01/01/37		68,617		74,780

BHFTI-311

Brighthouse Funds Trust I

PIMCO Total Return Portfolio

Schedule of Investments as of March 31, 2022 (Unaudited)

U.S. Treasury & Government Agencies—(Continued)

Security Description	Principal Amount*		Value
Agency Sponsored Mortgage - Backed—(Continued)
Fannie Mae 30 Yr. Pool
6.000%, 02/01/37		179,393	$	200,323
6.000%, 04/01/37		37,546		40,940
6.000%, 05/01/37		19,539		20,869
6.000%, 07/01/37		10,386		11,488
6.000%, 08/01/37		25,909		28,185
6.000%, 11/01/37		20,721		22,903
6.000%, 02/01/38		212,931		237,526
6.000%, 03/01/38		4,202		4,693
6.000%, 08/01/38		7,603		8,237
6.000%, 09/01/38		319,016		354,628
6.000%, 10/01/38		27,874		31,137
6.000%, 11/01/38		7,417		7,920
6.000%, 01/01/39		30,943		34,564
6.000%, 04/01/39		188,542		210,336
6.000%, 07/01/39		38,156		42,618
6.000%, 08/01/39		151,015		164,087
6.000%, 05/01/49		1,386,008		1,499,866
8.000%, 10/01/25		212		222
Fannie Mae ARM Pool
1.304%, 12M MTA + 1.200%, 08/01/41 (a)		61,943		62,531
1.304%, 12M MTA + 1.200%, 07/01/42 (a)		128,210		130,422
1.304%, 12M MTA + 1.200%, 08/01/42 (a)		136,066		138,519
1.304%, 12M MTA + 1.200%, 10/01/44 (a)		120,685		123,082
1.354%, 12M MTA + 1.250%, 09/01/41 (a)		337,734		343,049
1.541%, 12M LIBOR + 1.291%, 12/01/34 (a)		367,953		377,129
1.561%, 12M LIBOR + 1.311%, 12/01/34 (a)		195,835		200,452
1.597%, 12M LIBOR + 1.347%, 11/01/34 (a)		2,603		2,605
1.614%, 6M LIBOR + 1.412%, 06/01/33 (a)		7,679		7,868
1.663%, 6M LIBOR + 1.538%, 01/01/36 (a)		5,396		5,397
1.690%, 6M LIBOR + 1.508%, 01/01/35 (a)		46,898		48,411
1.718%, 6M LIBOR + 1.373%, 09/01/35 (a)		412,898		413,848
1.760%, 12M LIBOR + 1.359%, 03/01/35 (a)		11,907		12,205
1.825%, 12M LIBOR + 1.575%, 10/01/34 (a)		5,002		5,015
1.855%, 6M LIBOR + 1.605%, 08/01/36 (a)		15,189		15,232
1.883%, 12M LIBOR + 1.508%, 01/01/35 (a)		21,882		22,524
1.890%, 12M LIBOR + 1.631%, 01/01/35 (a)		5,628		5,662
1.904%, 12M MTA + 1.806%, 11/01/35 (a)		72,863		75,751
1.910%, 12M LIBOR + 1.660%, 05/01/34 (a)		228,996		229,921
1.920%, 12M LIBOR + 1.670%, 11/01/34 (a)		24,770		25,677
1.934%, 12M LIBOR + 1.603%, 05/01/35 (a)		17,965		18,635
1.935%, 12M LIBOR + 1.560%, 01/01/35 (a)		14,593		15,058
1.938%, 12M LIBOR + 1.688%, 12/01/34 (a)		12,689		13,139
1.950%, 12M LIBOR + 1.595%, 01/01/35 (a)		16,854		17,411
1.965%, 12M LIBOR + 1.635%, 02/01/35 (a)		10,725		11,079
1.995%, 12M LIBOR + 1.691%, 09/01/32 (a)		50,165		50,211
2.000%, 12M LIBOR + 1.750%, 08/01/35 (a)		135,906		141,839
2.025%, 1Y H15 + 1.900%, 02/01/31 (a)		97,969		97,938
2.060%, 12M LIBOR + 1.810%, 09/01/34 (a)		237,660		246,317
2.065%, 12M LIBOR + 1.618%, 03/01/33 (a)		1,459		1,461
2.135%, 12M LIBOR + 1.885%, 11/01/32 (a)		20,045		20,025
2.140%, 1Y H15 + 2.066%, 10/01/28 (a)		48,916		48,884
2.143%, 1Y H15 + 2.095%, 10/01/35 (a)		47,226		47,288
2.153%, 1Y H15 + 2.153%, 07/01/32 (a)		13,562		13,579
2.223%, 12M LIBOR + 1.810%, 04/01/35 (a)		27,531		28,618
2.223%, 1Y H15 + 2.223%, 08/01/35 (a)		74,870		78,178
Agency Sponsored Mortgage - Backed—(Continued)
Fannie Mae ARM Pool
2.240%, 1Y H15 + 2.160%, 11/01/35 (a)		106,310		111,909
2.302%, 1Y H15 + 2.180%, 07/01/33 (a)		5,997		6,184
2.317%, 1Y H15 + 2.215%, 09/01/31 (a)		18,790		18,788
2.328%, 1Y H15 + 2.195%, 02/01/35 (a)		22,935		23,946
2.400%, 1Y H15 + 2.310%, 04/01/34 (a)		2,112		2,202
2.423%, 1Y H15 + 2.360%, 11/01/34 (a)		574,258		600,543
2.438%, 1Y H15 + 2.313%, 05/01/35 (a)		105,488		111,088
4.012%, ECOFC + 1.928%, 12/01/36 (a)		33,691		35,950
4.956%, ECOFC + 1.734%, 09/01/34 (a)		5,544		5,882
Fannie Mae Pool 2.310%, 08/01/22		7,768,009		7,761,587
Fannie Mae REMICS (CMO)
0.868%, 1M LIBOR + 0.400%, 09/18/31 (a)		65,477		65,632
1.357%, 1M LIBOR + 0.900%, 04/25/32 (a)		22,827		23,097
1.959%, 05/25/35 (a)		279,847		282,320
Fannie Mae-Aces 2.251%, 01/25/31 (a) (b)		21,198,924		2,636,129
Freddie Mac 10 Yr. Pool 3.500%, 10/01/23		5,012		5,113
Freddie Mac 15 Yr. Pool
3.500%, 12/01/26		45,583		46,556
3.500%, 05/01/32		112,992		116,053
3.500%, 07/01/33		265,550		272,368
3.500%, 08/01/33		8,141		8,349
3.500%, 09/01/33		353,278		362,311
3.500%, 11/01/33		741,769		759,323
3.500%, 01/01/34		79,855		81,947
3.500%, 02/01/34		134,082		137,601
3.500%, 04/01/34		1,263,581		1,295,782
3.500%, 05/01/34		532,646		546,075
3.500%, 10/01/34		114,002		116,952
3.500%, 11/01/34		46,816		48,005
3.500%, 03/01/35		161,704		165,418
4.000%, 11/01/33		868,496		892,610
Freddie Mac 20 Yr. Gold Pool
4.000%, 06/01/30		34,145		35,148
4.000%, 09/01/30		143,680		147,906
4.000%, 10/01/30		8,186		8,427
5.500%, 12/01/22		25		27
5.500%, 03/01/23		9,730		10,332
5.500%, 06/01/26		545		579
5.500%, 08/01/26		306		325
5.500%, 06/01/27		12,205		12,973
5.500%, 12/01/27		16,426		17,463
5.500%, 01/01/28		12,027		12,786
5.500%, 02/01/28		2,729		2,901
5.500%, 05/01/28		29,981		32,077
5.500%, 06/01/28		46,825		49,769
6.000%, 10/01/22		14,823		15,793
6.000%, 04/01/23		1,871		1,994
Freddie Mac 20 Yr. Pool 6.000%, 09/01/29		1,075,516		1,146,150
Freddie Mac 30 Yr. Gold Pool
4.000%, 12/01/40		153,241		160,269
4.500%, 04/01/34		8,352		8,893

BHFTI-312

Brighthouse Funds Trust I

PIMCO Total Return Portfolio

Schedule of Investments as of March 31, 2022 (Unaudited)

U.S. Treasury & Government Agencies—(Continued)

Security Description	Principal Amount*		Value
Agency Sponsored Mortgage - Backed—(Continued)
Freddie Mac 30 Yr. Gold Pool
4.500%, 06/01/35		26,998	$	28,749
4.500%, 04/01/41		49,019		51,690
5.500%, 01/01/33		565		620
5.500%, 05/01/33		642		697
5.500%, 08/01/33		1,107		1,212
5.500%, 10/01/33		1,599		1,709
5.500%, 01/01/34		945		1,036
5.500%, 09/01/34		14,820		16,038
5.500%, 01/01/35		13,621		14,930
5.500%, 07/01/35		819		897
5.500%, 10/01/35		9,064		9,641
5.500%, 11/01/35		33,240		35,597
5.500%, 12/01/35		21,063		23,082
5.500%, 01/01/36		13,073		14,324
5.500%, 02/01/36		13,842		14,726
5.500%, 04/01/36		7,869		8,514
5.500%, 06/01/36		651,938		714,599
5.500%, 07/01/36		13,823		15,145
5.500%, 08/01/36		22,542		23,989
5.500%, 10/01/36		5,843		6,351
5.500%, 12/01/36		98,353		107,973
5.500%, 02/01/37		7,004		7,489
5.500%, 03/01/37		6,697		7,343
5.500%, 04/01/37		26,849		28,719
5.500%, 06/01/37		38,949		42,274
5.500%, 07/01/37		83,358		91,748
5.500%, 08/01/37		33,614		37,043
5.500%, 09/01/37		5,594		6,164
5.500%, 10/01/37		4,172		4,601
5.500%, 11/01/37		98,571		108,617
5.500%, 12/01/37		5,355		5,815
5.500%, 01/01/38		32,666		36,004
5.500%, 02/01/38		81,601		89,994
5.500%, 03/01/38		37,132		40,644
5.500%, 04/01/38		76,123		83,571
5.500%, 05/01/38		40,012		44,137
5.500%, 06/01/38		126,311		139,340
5.500%, 07/01/38		161,660		177,917
5.500%, 08/01/38		429,760		465,434
5.500%, 09/01/38		115,729		127,586
5.500%, 10/01/38		3,515,507		3,872,676
5.500%, 11/01/38		1,486,481		1,639,966
5.500%, 12/01/38		5,273		5,609
5.500%, 01/01/39		288,557		318,247
5.500%, 02/01/39		57,234		61,714
5.500%, 03/01/39		31,044		34,237
5.500%, 06/01/39		1,017,678		1,122,356
5.500%, 09/01/39		27,923		30,699
5.500%, 02/01/40		34,066		37,561
5.500%, 03/01/40		5,304		5,852
5.500%, 05/01/40		1,090		1,202
5.500%, 08/01/40		33,235		36,588
Freddie Mac ARM Non-Gold Pool
1.595%, 12M LIBOR + 1.345%, 09/01/35 (a)		64,138		65,905
1.939%, 12M LIBOR + 1.677%, 01/01/35 (a)		7,915		8,041
Agency Sponsored Mortgage - Backed—(Continued)
Freddie Mac ARM Non-Gold Pool
2.000%, 12M LIBOR + 1.625%, 02/01/35 (a)		2,201		2,200
2.038%, 12M LIBOR + 1.678%, 02/01/35 (a)		8,689		8,866
2.049%, 12M LIBOR + 1.625%, 02/01/35 (a)		14,511		14,957
2.055%, 12M LIBOR + 1.621%, 02/01/35 (a)		4,735		4,786
2.140%, 12M LIBOR + 1.890%, 11/01/34 (a)		12,168		12,654
2.150%, 12M LIBOR + 1.900%, 11/01/34 (a)		10,352		10,600
2.211%, 12M LIBOR + 1.961%, 08/01/32 (a)		33,230		33,227
2.213%, 1Y H15 + 2.107%, 10/01/34 (a)		15,515		16,246
2.232%, 12M LIBOR + 1.901%, 02/01/35 (a)		14,759		15,314
2.237%, 1Y H15 + 2.108%, 02/01/35 (a)		17,865		18,646
2.334%, 1Y H15 + 2.229%, 09/01/35 (a)		74,297		76,860
2.345%, 1Y H15 + 2.250%, 11/01/31 (a)		6,242		6,249
2.348%, 1Y H15 + 2.250%, 06/01/35 (a)		232,128		243,051
2.370%, 1Y H15 + 2.250%, 01/01/35 (a)		47,747		49,719
2.375%, 1Y H15 + 2.250%, 11/01/34 (a)		26,490		27,599
2.377%, 1Y H15 + 2.250%, 08/01/35 (a)		85,080		88,754
2.478%, 1Y H15 + 2.250%, 02/01/35 (a)		19,086		19,821
2.536%, 1Y H15 + 2.472%, 01/01/29 (a)		106,482		106,575
Freddie Mac Multifamily Structured Pass-Through  Certificates 1.194%, 08/25/22 (a) (b)		37,584,226		93,603
Freddie Mac REMICS (CMO)
0.647%, 1M LIBOR + 0.250%, 07/15/34 (a)		10,870		10,838
1.875%, PRIME—1.375%, 11/15/23 (a)		28,893		28,560
3.500%, 01/15/42		9,697,986		9,580,451
6.500%, 01/15/24		2,247		2,319
Freddie Mac Structured Pass-Through Certificates (CMO)
1.304%, 12M MTA + 1.200%, 02/25/45 (a)		34,224		34,600
1.341%, 12M MTA + 1.200%, 10/25/44 (a)		382,829		390,143
1.541%, 12M MTA + 1.400%, 07/25/44 (a)		1,846,399		1,896,506
Ginnie Mae I 30 Yr. Pool
3.000%, 11/15/49		2,749,153		2,717,942
4.000%, TBA (c)		11,000,000		11,315,391
5.000%, 10/15/33		4,251		4,590
5.000%, 12/15/33		11,703		12,632
5.000%, 05/15/34		3,397		3,739
5.000%, 07/15/34		569		615
5.000%, 11/15/35		1,469		1,587
5.000%, 03/15/36		932		1,019
5.000%, 10/15/38		246,855		272,347
5.000%, 02/15/39		40,044		44,145
5.000%, 03/15/39		69,690		76,869
5.000%, 04/15/39		392,139		431,349
5.000%, 05/15/39		1,138,656		1,251,336
5.000%, 06/15/39		334,773		367,950
5.000%, 09/15/39		151,610		168,151
5.000%, 05/15/40		12,218		13,475
5.000%, 09/15/40		133,377		147,177
5.000%, 12/15/40		9,785		10,792
5.000%, 09/15/47		18,329		19,791
5.000%, TBA (c)		15,000,000		16,181,836
7.000%, 10/15/23		232		232
7.500%, 01/15/26		818		830
Ginnie Mae II 30 Yr. Pool
4.500%, 12/20/49		15,470		16,013
5.000%, 06/20/49		82,659		86,713
5.000%, 07/20/49		177,338		185,865

BHFTI-313

Brighthouse Funds Trust I

PIMCO Total Return Portfolio

Schedule of Investments as of March 31, 2022 (Unaudited)

U.S. Treasury & Government Agencies—(Continued)

Security Description	Principal Amount*		Value
Agency Sponsored Mortgage - Backed—(Continued)
Ginnie Mae II ARM Pool
1.625%, 1Y H15 + 1.500%, 08/20/27 (a)		10,605	$	10,631
1.625%, 1Y H15 + 1.500%, 09/20/27 (a)		37,373		37,427
1.625%, 1Y H15 + 1.500%, 07/20/29 (a)		3,437		3,501
1.625%, 1Y H15 + 1.500%, 08/20/29 (a)		3,373		3,436
1.625%, 1Y H15 + 1.500%, 09/20/29 (a)		4,004		4,008
1.625%, 1Y H15 + 1.500%, 08/20/31 (a)		854		873
1.625%, 1Y H15 + 1.500%, 07/20/32 (a)		3,104		3,112
1.625%, 1Y H15 + 1.500%, 09/20/33 (a)		19,769		20,264
1.750%, 1Y H15 + 1.500%, 11/20/27 (a)		4,127		4,149
1.750%, 1Y H15 + 1.500%, 10/20/28 (a)		324		325
1.750%, 1Y H15 + 1.500%, 10/20/29 (a)		2,159		2,198
1.750%, 1Y H15 + 1.500%, 11/20/30 (a)		8,512		8,523
1.875%, 1Y H15 + 1.500%, 05/20/26 (a)		3,230		3,256
1.875%, 1Y H15 + 1.500%, 06/20/27 (a)		1,578		1,596
1.875%, 1Y H15 + 1.500%, 05/20/28 (a)		2,084		2,110
1.875%, 1Y H15 + 1.500%, 05/20/29 (a)		3,021		3,072
1.875%, 1Y H15 + 1.500%, 06/20/30 (a)		3,522		3,614
1.875%, 1Y H15 + 1.500%, 04/20/31 (a)		3,169		3,231
1.875%, 1Y H15 + 1.500%, 04/20/32 (a)		3,020		3,061
1.875%, 1Y H15 + 1.500%, 05/20/32 (a)		4,647		4,686
2.000%, 1Y H15 + 1.500%, 01/20/23 (a)		837		841
2.000%, 1Y H15 + 1.500%, 02/20/26 (a)		2,555		2,589
2.000%, 1Y H15 + 1.500%, 01/20/27 (a)		1,397		1,404
2.000%, 1Y H15 + 1.500%, 02/20/28 (a)		3,393		3,417
2.000%, 1Y H15 + 1.500%, 03/20/28 (a)		4,577		4,630
2.000%, 1Y H15 + 1.500%, 01/20/30 (a)		11,498		11,828
2.000%, 1Y H15 + 1.500%, 04/20/30 (a)		4,619		4,666
2.000%, 1Y H15 + 1.500%, 05/20/30 (a)		10,656		10,946
2.000%, 1Y H15 + 1.500%, 03/20/32 (a)		163		168
2.000%, 1Y H15 + 1.500%, 03/20/33 (a)		1,496		1,546
2.250%, 1Y H15 + 2.000%, 10/20/31 (a)		4,049		4,056
2.500%, 1Y H15 + 1.500%, 11/20/26 (a)		6,780		6,773
2.500%, 1Y H15 + 1.500%, 10/20/30 (a)		1,971		1,969
Government National Mortgage Association (CMO)
0.446%, 1M LIBOR + 0.340%, 12/20/62 (a)		116,624		116,049
0.706%, 1M LIBOR + 0.600%, 08/20/65 (a)		2,322,943		2,321,580
0.706%, 1M LIBOR + 0.600%, 10/20/65 (a)		4,659,035		4,654,860
0.756%, 1M LIBOR + 0.650%, 06/20/66 (a)		3,361,910		3,360,351
0.956%, 1M LIBOR + 0.850%, 09/20/66 (a)		5,536,584		5,571,557
1.032%, 12M LIBOR + 0.800%, 09/20/67 (a)		6,205,727		6,215,995
1.106%, 1M LIBOR + 1.000%, 12/20/65 (a)		16,133,209		16,286,232
1.106%, 1M LIBOR + 1.000%, 01/20/67 (a)		7,199,159		7,274,680
2.726%, 09/20/66 (a)		8,224,083		8,471,835
Uniform Mortgage-Backed Securities 15 Yr. Pool 4.500%, TBA (c)		100,000		102,383
Uniform Mortgage-Backed Securities 30 Yr. Pool
2.000%, TBA (c)		60,300,000		55,973,005
3.000%, TBA (c)		858,400,000		836,654,093
3.500%, TBA (c)		373,312,000		372,640,322
4.000%, TBA (c)		15,000,000		15,252,430
				1,462,691,253
U.S. Treasury—20.9%
U.S. Treasury Bonds
1.375%, 11/15/40		62,400,000		51,014,437
U.S. Treasury—(Continued)
U.S. Treasury Bonds
1.375%, 08/15/50		96,600,000		74,351,812
1.625%, 11/15/50		43,500,000		35,646,211
1.875%, 02/15/41		16,900,000		15,048,262
2.000%, 02/15/50		9,600,000		8,647,125
2.750%, 08/15/42		39,000,000		39,656,602
2.750%, 11/15/42		19,800,000		20,107,828
2.875%, 05/15/43		83,700,000		86,649,118
2.875%, 08/15/45		17,200,000		17,928,312
3.125%, 02/15/42		15,800,000		17,056,594
3.125%, 08/15/44		116,300,000		125,722,117
3.375%, 05/15/44		18,000,000		20,210,625
4.250%, 05/15/39		9,600,000		12,021,375
4.375%, 11/15/39		57,100,000		72,586,145
4.500%, 08/15/39		15,100,000		19,490,207
4.625%, 02/15/40		12,800,000		16,771,000
U.S. Treasury Notes
1.750%, 09/30/22 (d) (e) (f) (g)		20,400,000		20,470,125
1.750%, 06/30/24		38,200,000		37,647,891
1.875%, 07/31/22		102,600,000		102,972,726
1.875%, 08/31/22 (d) (e) (f) (g)		31,200,000		31,321,875
2.000%, 10/31/22 (d) (e) (g)		3,300,000		3,314,824
2.125%, 07/31/24 (d) (g)		24,800,000		24,623,687
2.125%, 09/30/24 (d) (g)		7,900,000		7,833,961
2.250%, 11/15/24		110,600,000		109,913,070
2.250%, 08/15/27		24,360,000		24,097,369
				995,103,298
Total U.S. Treasury & Government Agencies (Cost $2,501,956,098)				2,457,794,551
Corporate Bonds & Notes—36.4%
Aerospace/Defense—0.7%
Boeing Co. (The)
1.433%, 02/04/24		13,400,000		12,960,599
2.750%, 02/01/26		15,400,000		14,922,448
Spirit AeroSystems, Inc.
3.950%, 06/15/23		4,100,000		4,045,962
4.600%, 06/15/28		1,600,000		1,501,864
				33,430,873
Agriculture—0.5%
Imperial Brands Finance plc
3.125%, 07/26/24(144A)		9,326,000		9,239,184
3.875%, 07/26/29(144A)		12,800,000		12,556,255
				21,795,439
Airlines—0.5%
American Airlines Pass-Through Trust 3.700%, 10/01/26		2,939,219		2,837,082
British Airways Pass-Through Trust 4.125%, 09/20/31(144A) †		1,481,868		1,414,942
U.S. Airways Pass-Through Trust 3.950%, 11/15/25		509,611		486,728

BHFTI-314

Brighthouse Funds Trust I

PIMCO Total Return Portfolio

Schedule of Investments as of March 31, 2022 (Unaudited)

Corporate Bonds & Notes—(Continued)

Security Description	Principal Amount*		Value
Airlines—(Continued)
United Airlines Pass-Through Trust
2.875%, 10/07/28		3,942,761	$	3,736,492
3.450%, 07/07/28		2,211,412		2,059,991
5.875%, 10/15/27		11,200,907		11,593,904
				22,129,139
Auto Manufacturers—3.7%
Daimler Finance North America LLC
2.550%, 08/15/22(144A)		16,100,000		16,155,719
Daimler Trucks Finance North America LLC
0.765%, SOFR + 0.500%, 06/14/23 (144A) (a)		14,000,000		13,957,752
Ford Motor Credit Co. LLC
1.383%, 3M LIBOR + 1.080%, 08/03/22 (a)		2,700,000		2,690,947
1.741%, 3M LIBOR + 1.235%, 02/15/23 (a)		13,000,000		12,899,595
3.810%, 01/09/24		13,300,000		13,278,387
4.250%, 09/20/22		5,490,000		5,523,818
General Motors Financial Co., Inc.
2.306%, 3M LIBOR + 1.310%, 06/30/22 (a)		1,100,000		1,102,211
3.550%, 07/08/22		8,400,000		8,442,768
Hyundai Capital America
0.800%, 04/03/23(144A)		13,000,000		12,754,069
2.100%, 09/15/28(144A)		13,500,000		11,897,071
Nissan Motor Acceptance Co. LLC
1.850%, 09/16/26(144A)		13,500,000		12,087,753
2.650%, 07/13/22(144A)		2,219,000		2,222,804
Nissan Motor Co., Ltd.
3.522%, 09/17/25(144A)		8,100,000		7,938,420
4.345%, 09/17/27(144A)		5,600,000		5,518,114
4.810%, 09/17/30(144A)		14,700,000		14,572,921
Volkswagen Bank GmbH
1.875%, 01/31/24 (EUR)		4,600,000		5,179,990
2.500%, 07/31/26 (EUR)		3,000,000		3,395,810
Volkswagen Group of America Finance LLC
2.850%, 09/26/24(144A)		13,300,000		13,159,053
4.625%, 11/13/25(144A)		10,900,000		11,297,703
				174,074,905
Banks—9.3%
Banco Espirito Santo S.A.
2.625%, 05/08/17 (EUR) (h)		1,700,000		272,691
4.750%, 01/15/18 (EUR) (h)		3,100,000		497,259
Bank of America Corp.
0.981%, SOFR + 0.910%, 09/25/25 (a)		4,800,000		4,549,486
1.530%, SOFR + 0.650%, 12/06/25 (a)		13,300,000		12,718,775
4.125%, 01/22/24		2,130,000		2,186,207
Barclays Bank plc
7.625%, 11/21/22		366,000		375,140
Barclays plc
1.839%, 3M LIBOR + 1.380%, 05/16/24 (a)		100,000		100,483
2.375%, 1Y GBP Swap + 1.597%, 10/06/23 (GBP) (a)		2,600,000		3,417,736
3.125%, 01/17/24 (GBP)		4,400,000		5,811,317
4.338%, 3M LIBOR + 1.356%, 05/16/24 (a)		700,000		710,701
4.972%, 3M LIBOR + 1.902%, 05/16/29 (a)		2,000,000		2,092,185
BNP Paribas S.A. 4.625%, 5Y H15 + 3.340%, 02/25/31 (144A) (a)		12,500,000		11,156,375
Banks—(Continued)
BPCE S.A.
4.000%, 09/12/23 (144A)		17,000,000		17,227,324
Citigroup, Inc.
0.958%, 3M LIBOR + 0.690%, 10/27/22 (a)		1,800,000		1,805,039
3.070%, SOFR + 1.280%, 02/24/28 (a)		12,000,000		11,687,505
Cooperative Rabobank UA
3.875%, 09/26/23 (144A)		1,200,000		1,220,543
Credit Agricole S.A.
1.247%, SOFR + 0.892%, 01/26/27 (144A) (a)		4,000,000		3,639,099
Credit Suisse Group AG
2.043%, 3M LIBOR + 1.240%, 06/12/24 (144A) (a)		10,400,000		10,462,417
4.207%, 3M LIBOR + 1.240%, 06/12/24 (144A) (a)		15,700,000		15,839,819
7.250%, 5Y USD + 4.332%, 09/12/25 (144A) (a)		5,500,000		5,561,875
Danske Bank A/S
4.298%, 1Y H15 + 1.750%, 04/01/28 (144A) (a)		12,000,000		12,096,731
Deutsche Bank AG
0.962%, 11/08/23		13,600,000		13,185,455
2.222%, SOFR + 2.159%, 09/18/24 (a)		13,200,000		12,911,149
3.300%, 11/16/22		9,500,000		9,563,777
3.547%, SOFR + 3.043%, 09/18/31 (a)		13,000,000		12,258,784
Goldman Sachs Group, Inc. (The)
2.028%, 3M LIBOR + 1.750%, 10/28/27 (a)		7,500,000		7,768,073
2.640%, SOFR + 1.114%, 02/24/28 (a)		13,000,000		12,429,649
3.000%, 03/15/24		12,300,000		12,284,414
3.750%, 05/22/25		5,375,000		5,455,896
ING Groep NV
4.625%, 01/06/26 (144A)		7,900,000		8,164,852
JPMorgan Chase & Co.
1.578%, SOFR + 0.885%, 04/22/27 (a)		13,300,000		12,387,327
Lloyds Bank plc
7.500%, 04/02/32 (i)		13,000,000		8,845,720
Mitsubishi UFJ Financial Group, Inc.
1.640%, 1Y H15 + 0.670%, 10/13/27 (a)		13,500,000		12,410,368
Mizuho Financial Group, Inc.
1.979%, SOFR + 1.532%, 09/08/31 (a)		12,800,000		11,190,524
2.201%, SOFR + 1.772%, 07/10/31 (a)		12,400,000		11,012,476
2.226%, 3M LIBOR + 0.830%, 05/25/26 (a)		5,900,000		5,655,928
Morgan Stanley
3.737%, 3M LIBOR + 0.847%, 04/24/24 (a)		9,400,000		9,493,019
Natwest Group plc
2.500%, 03/22/23 (EUR)		11,943,000		13,535,833
Nykredit Realkredit A/S
1.500%, 10/01/53 (DKK)		56,538,116		7,542,130
Santander Holdings U.S.A., Inc.
3.450%, 06/02/25		4,800,000		4,765,303
Santander UK Group Holdings plc
7.375%, 5Y GBP Swap + 5.543%, 06/24/22 (GBP) (a)		1,000,000		1,325,144
Shinhan Financial Group Co., Ltd.
1.350%, 01/10/26 (144A)		7,900,000		7,412,085
Societe Generale S.A.
4.250%, 09/14/23 (144A)		13,900,000		14,086,255
Standard Chartered plc
3.971%, 1Y H15 + 1.650%, 03/30/26 (144A) (a)		12,000,000		11,968,320
Sumitomo Mitsui Financial Group, Inc.
1.474%, 07/08/25		12,500,000		11,761,365
1.902%, 09/17/28		13,500,000		12,081,304

BHFTI-315

Brighthouse Funds Trust I

PIMCO Total Return Portfolio

Schedule of Investments as of March 31, 2022 (Unaudited)

Corporate Bonds & Notes—(Continued)

Security Description	Principal Amount*		Value
Banks—(Continued)
UBS AG
7.625%, 08/17/22		3,600,000	$	3,653,736
UBS Group AG
4.125%, 04/15/26(144A)		10,200,000		10,386,914
UniCredit S.p.A.
7.830%, 12/04/23(144A)		29,700,000		31,522,392
Virgin Money UK plc
4.000%, 1Y UKG + 3.750%, 09/03/27 (GBP) (a)		500,000		669,168
Wells Fargo & Co.
1.741%, -1x 3M EURIBOR + 1.850%, 05/04/30 (EUR) (a)		8,600,000		9,352,166
2.393%, SOFR + 2.100%, 06/02/28 (a)		7,400,000		6,997,441
3.000%, 02/19/25		6,000,000		5,988,531
				441,494,205
Beverages—0.2%
Anheuser-Busch InBev Worldwide, Inc.
4.500%, 06/01/50		11,000,000		11,752,865
Biotechnology—0.1%
Royalty Pharma plc
1.200%, 09/02/25		3,000,000		2,759,602
Chemicals—0.2%
International Flavors & Fragrances, Inc.
2.300%, 11/01/30(144A)		12,800,000		11,426,124
Computers—0.5%
CGI, Inc.
1.450%, 09/14/26(144A)		13,500,000		12,401,733
Dell International LLC / EMC Corp.
4.900%, 10/01/26		900,000		944,005
5.450%, 06/15/23		2,560,000		2,637,166
NetApp, Inc.
2.375%, 06/22/27		7,400,000		7,051,797
				23,034,701
Distribution/Wholesale—0.1%
Toyota Tsusho Corp.
3.625%, 09/13/23		2,600,000		2,632,014
Diversified Financial Services—1.9%
AerCap Ireland Capital DAC / AerCap Global Aviation Trust
4.450%, 10/01/25		3,000,000		3,010,204
Aviation Capital Group LLC
4.125%, 08/01/25(144A)		10,500,000		10,414,148
Blue Owl Finance LLC
3.125%, 06/10/31(144A)		13,000,000		11,064,921
Capital One Financial Corp.
4.250%, 04/30/25		10,000,000		10,270,351
Daiwa Securities Group, Inc.
3.129%, 04/19/22(144A)		12,000,000		12,009,143
Jyske Realkredit A/S
1.500%, 10/01/53 (DKK)		29,010,893		3,852,257
Diversified Financial Services—(Continued)
LeasePlan Corp. NV
2.875%, 10/24/24(144A)		13,100,000		12,796,549
Mitsubishi HC Capital, Inc.
3.960%, 09/19/23(144A)		5,045,000		5,116,809
Nomura Holdings, Inc.
2.679%, 07/16/30		9,600,000		8,725,278
OneMain Finance Corp.
6.875%, 03/15/25		11,800,000		12,407,936
				89,667,596
Electric—2.8%
Adani Electricity Mumbai, Ltd.
3.949%, 02/12/30(144A)		4,700,000		4,243,385
AES Corp. (The)
2.450%, 01/15/31		5,000,000		4,471,273
Duke Energy Progress LLC
2.000%, 08/15/31		13,800,000		12,348,040
Edison International
3.125%, 11/15/22		7,400,000		7,438,176
3.550%, 11/15/24		3,600,000		3,611,187
Evergy, Inc.
2.450%, 09/15/24		13,500,000		13,246,009
FirstEnergy Corp.
4.400%, 07/15/27		1,300,000		1,308,255
Pacific Gas and Electric Co.
1.750%, 06/16/22		9,900,000		9,888,757
3.150%, 01/01/26		10,900,000		10,495,171
3.250%, 02/16/24		12,600,000		12,541,389
3.300%, 12/01/27		1,600,000		1,509,361
3.400%, 08/15/24		4,500,000		4,457,316
3.450%, 07/01/25		3,600,000		3,511,619
3.500%, 06/15/25		2,700,000		2,634,486
4.250%, 08/01/23		3,000,000		3,029,163
4.550%, 07/01/30		5,000,000		4,961,029
ReNew Wind Energy AP2 / ReNew Power Pvt. Ltd.
4.500%, 07/14/28(144A)		13,100,000		11,900,266
Southern California Edison Co.
0.702%, SOFR + 0.470%, 12/02/22 (a)		14,000,000		14,001,903
WEC Energy Group, Inc.
1.375%, 10/15/27		5,000,000		4,497,511
1.800%, 10/15/30		5,000,000		4,332,671
				134,426,967
Electronics—0.3%
Arrow Electronics, Inc.
3.250%, 09/08/24		6,150,000		6,161,106
Flex, Ltd.
4.875%, 06/15/29		8,160,000		8,489,414
5.000%, 02/15/23		1,700,000		1,730,432
				16,380,952
Energy-Alternate Sources—0.2%
Azure Power Solar Energy Pvt. Ltd.
5.650%, 12/24/24(144A)		8,800,000		8,998,000

BHFTI-316

Brighthouse Funds Trust I

PIMCO Total Return Portfolio

Schedule of Investments as of March 31, 2022 (Unaudited)

Corporate Bonds & Notes—(Continued)

Security Description	Principal Amount*		Value
Engineering & Construction—0.1%
Sydney Airport Finance Co. Pty, Ltd.
3.900%, 03/22/23(144A)		3,100,000	$	3,137,730
Food—0.1%
Danone S.A.
2.589%, 11/02/23(144A)		3,858,000		3,853,487
Gas—0.7%
Atmos Energy Corp.
1.500%, 01/15/31		12,900,000		11,112,015
Boston Gas Co.
3.757%, 03/16/32(144A)		12,500,000		12,510,187
Southern California Gas Co.
2.950%, 04/15/27		12,500,000		12,328,237
				35,950,439
Healthcare-Services—0.5%
Fresenius Medical Care U.S. Finance III, Inc.
1.875%, 12/01/26(144A)		12,100,000		11,194,051
HCA, Inc.
3.125%, 03/15/27(144A)		7,300,000		7,132,776
3.375%, 03/15/29(144A)		5,200,000		5,061,730
				23,388,557
Home Builders—0.1%
DR Horton, Inc.
4.375%, 09/15/22		4,700,000		4,723,072
Household Products/Wares—0.2%
Reckitt Benckiser Treasury Services plc
1.514%, 3M LIBOR + 0.560%, 06/24/22 (144A) (a)		10,600,000		10,611,766
Housewares—0.1%
Newell Brands, Inc.
4.100%, 04/01/23		4,876,000		4,923,675
Insurance—0.9%
Ambac Assurance Corp.
5.100%, (144A) (j)		144		163
GA Global Funding Trust
1.250%, 12/08/23(144A)		14,000,000		13,515,667
Hanwha Life Insurance Co., Ltd.
3.379%, 5Y H15 + 1.850%, 02/04/32 (144A) (a)		13,000,000		12,463,329
Reliance Standard Life Global Funding II
3.850%, 09/19/23(144A)		600,000		608,051
Sitka Holdings LLC
5.506%, 3M LIBOR + 4.500%, 07/06/26 (144A) (a)		14,000,000		13,352,575
Society of Lloyd’s
4.750%, 10/30/24 (GBP)		1,600,000		2,183,714
				42,123,499
Internet—0.3%
Booking Holdings, Inc.
2.750%, 03/15/23		4,600,000		4,626,153
Internet—(Continued)
Expedia Group, Inc.
2.950%, 03/15/31		9,500,000		8,795,533
				13,421,686
Lodging—0.6%
Choice Hotels International, Inc.
3.700%, 12/01/29		2,500,000		2,446,481
Hyatt Hotels Corp.
4.850%, 03/15/26		2,700,000		2,790,562
Marriott International, Inc.
3.600%, 04/15/24		6,500,000		6,566,662
4.150%, 12/01/23		14,100,000		14,360,161
Wynn Las Vegas LLC / Wynn Las Vegas Capital Corp.
4.250%, 05/30/23(144A)		3,800,000		3,790,500
				29,954,366
Media—0.7%
Charter Communications Operating LLC / Charter Communications Operating Capital Corp.
3.500%, 06/01/41		13,300,000		11,054,046
4.464%, 07/23/22		14,229,000		14,281,167
CSC Holdings LLC
5.375%, 02/01/28(144A)		3,800,000		3,688,128
Walt Disney Co. (The)
3.600%, 01/13/51		5,600,000		5,537,125
				34,560,466
Oil & Gas—0.4%
BP Capital Markets America, Inc.
4.234%, 11/06/28		4,000,000		4,200,527
Chevron Corp.
2.236%, 05/11/30		6,300,000		5,957,567
Equinor ASA
3.625%, 04/06/40		3,700,000		3,721,116
Rio Oil Finance Trust
9.250%, 07/06/24(144A)		1,477,986		1,544,496
Shell International Finance B.V.
2.750%, 04/06/30		1,900,000		1,842,987
				17,266,693
Packaging & Containers—0.3%
WRKCo, Inc.
4.650%, 03/15/26		14,700,000		15,297,797
Pharmaceuticals—1.1%
AbbVie, Inc.
2.850%, 05/14/23		3,000,000		3,017,878
2.950%, 11/21/26		5,100,000		5,052,064
3.200%, 05/14/26		1,300,000		1,303,494
3.600%, 05/14/25		700,000		709,191
Bayer U.S. Finance LLC
1.836%, 3M LIBOR + 1.010%, 12/15/23 (144A) (a)		17,400,000		17,478,670
CVS Health Corp.
2.125%, 09/15/31		14,000,000		12,508,722
3.750%, 04/01/30		3,900,000		3,968,210

BHFTI-317

Brighthouse Funds Trust I

PIMCO Total Return Portfolio

Schedule of Investments as of March 31, 2022 (Unaudited)

Corporate Bonds & Notes—(Continued)

Security Description	Principal Amount*		Value
Pharmaceuticals—(Continued)
CVS Pass-Through Trust
6.943%, 01/10/30		588,591	$	658,615
Teva Pharmaceutical Finance Netherlands II B.V.
3.250%, 04/15/22(EUR)		8,000,000		8,849,998
				53,546,842
Pipelines—0.3%
Cheniere Corpus Christi Holdings LLC
5.125%, 06/30/27		9,000,000		9,593,346
Energy Transfer L.P.
5.950%, 12/01/25		1,800,000		1,927,667
Midwest Connector Capital Co. LLC
3.625%, 04/01/22(144A)		2,400,000		2,400,000
				13,921,013
Real Estate—0.2%
Logicor Financing Sarl
1.625%, 07/15/27(EUR)		4,500,000		4,781,906
Ontario Teachers’ Cadillac Fairview Properties Trust
3.875%, 03/20/27(144A)		1,700,000		1,740,381
Tesco Property Finance 6 plc
5.411%, 07/13/44(GBP)		1,017,500		1,538,651
				8,060,938
Real Estate Investment Trusts—5.3%
American Campus Communities Operating Partnership L.P.
3.625%, 11/15/27		2,200,000		2,181,098
American Homes 4 Rent L.P.
4.250%, 02/15/28		1,900,000		1,928,411
American Tower Corp.
3.375%, 05/15/24		16,000,000		16,048,082
3.500%, 01/31/23		1,807,000		1,823,744
Boston Properties L.P.
2.450%, 10/01/33		14,000,000		12,137,734
Brandywine Operating Partnership L.P.
4.100%, 10/01/24		7,500,000		7,587,841
Brixmor Operating Partnership L.P.
3.900%, 03/15/27		6,000,000		6,049,738
4.125%, 06/15/26		5,500,000		5,610,760
Crown Castle International Corp.
2.900%, 03/15/27		12,500,000		12,084,563
CyrusOne L.P. / CyrusOne Finance Corp.
1.450%, 01/22/27(EUR)		2,200,000		2,503,540
Duke Realty L.P.
2.250%, 01/15/32		13,500,000		12,139,964
EPR Properties
3.750%, 08/15/29		2,500,000		2,340,148
Equinix, Inc.
1.000%, 09/15/25		2,900,000		2,664,873
Federal Realty Investment Trust
3.500%, 06/01/30		4,900,000		4,808,701
GLP Capital L.P. / GLP Financing II, Inc.
5.250%, 06/01/25		5,000,000		5,146,550
Goodman U.S. Finance Three LLC
3.700%, 03/15/28(144A)		10,800,000		10,775,756
Real Estate Investment Trusts—(Continued)
Hudson Pacific Properties L.P.
4.650%, 04/01/29		2,400,000		2,516,488
Kilroy Realty L.P.
2.650%, 11/15/33		13,300,000		11,523,246
Life Storage L.P.
2.400%, 10/15/31		13,500,000		11,897,266
MPT Operating Partnership L.P. / MPT Finance Corp.
3.692%, 06/05/28(GBP)		2,000,000		2,550,924
Omega Healthcare Investors, Inc.
4.750%, 01/15/28		8,900,000		9,051,373
Piedmont Operating Partnership L.P.
3.150%, 08/15/30		12,900,000		12,059,251
Public Storage
3.094%, 09/15/27		15,500,000		15,504,153
Realty Income Corp.
3.875%, 04/15/25		10,700,000		10,867,701
SBA Tower Trust
2.328%, 07/15/52(144A)		13,000,000		12,316,659
Service Properties Trust
4.375%, 02/15/30		11,240,000		9,330,774
Simon Property Group L.P.
2.750%, 06/01/23		18,690,000		18,729,302
Starwood Property Trust, Inc.
4.375%, 01/15/27(144A)		13,300,000		12,901,000
Sun Communities Operating L.P.
2.700%, 07/15/31		13,200,000		11,908,191
UDR, Inc.
3.500%, 07/01/27		1,900,000		1,904,345
4.400%, 01/26/29		3,400,000		3,572,480
Welltower, Inc.
4.250%, 04/01/26		1,102,000		1,132,470
				253,597,126
Retail—0.2%
7-Eleven, Inc.
1.800%, 02/10/31(144A)		13,100,000		11,282,832
Savings & Loans—0.1%
Nationwide Building Society
4.363%, 3M LIBOR + 1.392%, 08/01/24 (144A) (a)		5,390,000		5,472,903
Semiconductors—1.0%
Broadcom, Inc.
3.137%, 11/15/35(144A)		8,769,000		7,726,302
3.187%, 11/15/36(144A)		10,800,000		9,375,360
3.500%, 02/15/41(144A)		13,300,000		11,844,024
4.300%, 11/15/32		14,900,000		15,120,019
NXP B.V. / NXP Funding LLC
4.625%, 06/01/23(144A)		3,902,000		3,962,608
				48,028,313
Shipbuilding—0.3%
Huntington Ingalls Industries, Inc.
2.043%, 08/16/28(144A)		13,800,000		12,474,960

BHFTI-318

Brighthouse Funds Trust I

PIMCO Total Return Portfolio

Schedule of Investments as of March 31, 2022 (Unaudited)

Corporate Bonds & Notes—(Continued)

Security Description	Principal Amount*		Value
Software—0.6%
Oracle Corp.
3.600%, 04/01/40		6,400,000	$	5,551,913
3.600%, 04/01/50		10,600,000		8,791,240
VMware, Inc.
1.400%, 08/15/26		13,500,000		12,393,687
				26,736,840
Telecommunications—1.0%
Level 3 Financing, Inc.
3.875%, 11/15/29 (144A)		12,330,000		11,343,600
Sprint Communications, Inc.
6.000%, 11/15/22		1,000,000		1,022,480
Sprint Corp.
7.125%, 06/15/24		1,000,000		1,072,550
7.875%, 09/15/23		2,800,000		2,975,000
T-Mobile USA, Inc.
2.550%, 02/15/31		8,900,000		8,070,533
Verizon Communications, Inc.
2.355%, 03/15/32 (144A)		25,427,000		22,966,050
				47,450,213
Trucking & Leasing—0.3%
DAE Funding LLC
1.625%, 02/15/24 (144A)		13,300,000		12,694,318
Total Corporate Bonds & Notes (Cost $1,806,620,731)				1,726,482,913
Asset-Backed Securities—15.3%
Asset-Backed - Credit Card—0.4%
Evergreen Credit Card Trust
1.900%, 09/15/24 (144A)		16,200,000		16,229,730
Asset-Backed - Home Equity—1.3%
Accredited Mortgage Loan Trust
1.037%, 1M LIBOR + 0.290%, 07/25/34 (a)		5,263,545		5,116,759
ACE Securities Corp. Home Equity Loan Trust
0.757%, 1M LIBOR + 0.300%, 04/25/36 (a)		2,838,675		2,774,959
0.757%, 1M LIBOR + 0.300%, 07/25/36 (a)		8,017,499		3,492,889
Asset-Backed Funding Certificates Trust
1.157%, 1M LIBOR + 0.700%, 06/25/34 (a)		1,225,695		1,198,463
1.282%, 1M LIBOR + 0.825%, 07/25/35 (a)		6,783,649		6,711,158
Asset-Backed Securities Corp. Home Equity Loan Trust
0.537%, 1M LIBOR + 0.080%, 05/25/37 (a)		19,702		15,163
1.132%, 1M LIBOR + 0.675%, 11/25/35 (a)		120,080		120,006
Bear Stearns Asset-Backed Securities I Trust
0.707%, 1M LIBOR + 0.250%, 04/25/37 (a)		7,491,061		9,483,028
1.147%, 1M LIBOR + 0.690%, 02/25/36 (a)		1,000,000		996,129
1.257%, 1M LIBOR + 0.800%, 10/27/32 (a)		10,262		10,132
1.457%, 1M LIBOR + 1.000%, 10/25/37 (a)		386,281		385,499
1.462%, 1M LIBOR + 1.005%, 06/25/35 (a)		4,500,057		4,462,019
Citigroup Mortgage Loan Trust
0.617%, 1M LIBOR + 0.160%, 12/25/36 (144A) (a)		6,258,208		4,051,555
GSAA Home Equity Trust
1.117%, 1M LIBOR + 0.660%, 03/25/35 (a)		131,752		132,495
Asset-Backed - Home Equity—(Continued)
HSI Asset Securitization Corp. Trust
0.797%, 1M LIBOR + 0.340%, 12/25/36 (a)		8,835,246		2,984,988
IXIS Real Estate Capital Trust
1.402%, 1M LIBOR + 0.945%, 02/25/35 (a)		2,303,656		2,269,541
MASTR Asset-Backed Securities Trust
0.507%, 1M LIBOR + 0.050%, 08/25/36 (a)		4,894,616		2,026,656
0.617%, 1M LIBOR + 0.160%, 08/25/36 (a)		3,169,074		1,331,073
0.627%, 1M LIBOR + 0.170%, 10/25/36 (a)		1,874,970		1,863,094
Merrill Lynch Mortgage Investors Trust
0.957%, 1M LIBOR + 0.500%, 07/25/37 (a)		8,985,008		2,678,985
Morgan Stanley ABS Capital I, Inc. Trust
0.517%, 1M LIBOR + 0.060%, 05/25/37 (a)		107,920		98,463
NovaStar Mortgage Funding Trust
0.657%, 1M LIBOR + 0.200%, 09/25/37 (a)		3,902,758		3,807,219
Option One Mortgage Corp. Asset-Backed Certificates
1.097%, 1M LIBOR + 0.640%, 08/25/33 (a)		8,315		8,084
Option One Mortgage Loan Trust
0.597%, 1M LIBOR + 0.140%, 01/25/37 (a)		4,649,649		3,544,008
Renaissance Home Equity Loan Trust
1.337%, 1M LIBOR + 0.880%, 08/25/33 (a)		68,839		67,124
Residential Asset Securities Corp. Trust
0.757%, 1M LIBOR + 0.150%, 07/25/36 (a)		1,240		1,239
0.877%, 1M LIBOR + 0.280%, 06/25/36 (a)		1,782,842		1,774,649
1.037%, 1M LIBOR + 0.290%, 06/25/33 (a)		608,929		572,382
				61,977,759
Asset-Backed - Other—13.6%
Adagio CLO, Ltd.
0.720%, 3M EURIBOR + 0.720%, 10/15/31 (144A) (EUR) (a)		11,000,000		12,027,943
Ameriquest Mortgage Securities, Inc. Asset-Backed Pass-Through Certificates
1.237%, 1M LIBOR + 0.780%, 05/25/34 (a)		1,265,684		1,260,746
AMMC CLO, Ltd.
1.218%, 3M LIBOR + 0.980%, 04/14/29 (144A) (a)		9,485,657		9,478,836
Anchorage Capital CLO, Ltd.
1.399%, 3M LIBOR + 1.140%, 07/22/32 (144A) (a)		12,000,000		11,926,320
Ares European CLO X DAC
0.780%, 3M EURIBOR + 0.780%, 10/15/31 (144A) (EUR) (a)		11,000,000		12,066,603
Argent Securities, Inc. Asset-Backed Pass-Through Certificates
1.217%, 1M LIBOR + 0.760%, 02/25/36 (a)		4,064,503		3,658,412
Brookside Mill CLO, Ltd.
1.061%, 3M LIBOR + 0.820%, 01/17/28 (144A) (a)		1,990,953		1,990,527
BSPDF 2021-FL1 Issuer, Ltd.
1.597%, 1M LIBOR + 1.200%, 10/15/36 (144A) (a)		12,000,000		11,907,438
Carlyle Global Market Strategies CLO, Ltd.
1.339%, 3M LIBOR + 1.080%, 04/22/32 (144A) (a)		13,500,000		13,386,087
Catamaran CLO, Ltd.
1.359%, 3M LIBOR + 1.100%, 04/22/30 (144A) (a)		15,918,343		15,876,764
CIFC Funding, Ltd.
1.474%, 3M LIBOR + 1.220%, 07/20/30 (144A) (a)		4,800,000		4,787,683
Countrywide Asset-Backed Certificates
0.597%, 1M LIBOR + 0.140%, 07/25/37 (a)		6,829,005		6,469,040
0.597%, 1M LIBOR + 0.140%, 04/25/47 (a)		2,239,386		2,169,821

BHFTI-319

Brighthouse Funds Trust I

PIMCO Total Return Portfolio

Schedule of Investments as of March 31, 2022 (Unaudited)

Asset-Backed Securities—(Continued)

Security Description	Principal Amount*		Value
Asset-Backed - Other—(Continued)
Countrywide Asset-Backed Certificates
0.607%, 1M LIBOR + 0.150%, 06/25/47 (a)		43,869	$	43,717
0.677%, 1M LIBOR + 0.220%, 09/25/37 (a)		2,936,823		3,025,625
4.422%, 10/25/46 (a)		1,007,941		1,017,639
4.589%, 10/25/32 (a)		3,569,459		3,480,964
CWABS Asset-Backed Certificates Trust
0.597%, 1M LIBOR + 0.140%, 02/25/37 (a)		2,599,041		2,476,921
0.607%, 1M LIBOR + 0.150%, 09/25/46 (a)		1,464,344		1,457,275
0.607%, 1M LIBOR + 0.150%, 03/25/47 (a)		657,209		645,799
1.507%, 1M LIBOR + 1.050%, 11/25/35 (a)		2,101,500		2,097,348
Dell Equipment Finance Trust
1.217%, 03/22/23 (144A)		6,300,000		6,298,125
2.110%, 08/23/27 (144A)		6,200,000		6,173,259
Dryden 80 CLO, Ltd.
1.497%, 3M TSFR + 1.250%, 01/17/33 (144A) (a)		1,400,000		1,395,148
First Franklin Mortgage Loan Trust
0.737%, 1M LIBOR + 0.280%, 12/25/36 (a)		4,911,968		2,585,864
0.767%, 1M LIBOR + 0.310%, 10/25/36 (a)		16,312,000		13,726,422
1.177%, 1M LIBOR + 0.720%, 10/25/35 (a)		960,355		958,201
1.387%, 1M LIBOR + 0.930%, 10/25/34 (a)		7,633,705		7,546,381
1.882%, 1M LIBOR + 1.425%, 10/25/34 (a)		2,167,359		2,156,535
Gallatin CLO, Ltd.
1.305%, 3M LIBOR + 1.050%, 01/21/28 (144A) (a)		8,311,413		8,308,404
GSAMP Trust
0.627%, 1M LIBOR + 0.170%, 12/25/36 (a)		2,476,182		1,459,110
1.042%, 1M LIBOR + 0.585%, 01/25/36 (a)		4,364,966		4,359,360
1.777%, 1M LIBOR + 1.320%, 12/25/34 (a)		4,681,338		4,085,033
Harvest CLO XX
0.680%, 3M EURIBOR + 0.680%, 10/20/31 (144A) (EUR) (a)		10,900,000		11,950,299
Home Equity Loan Trust
0.687%, 1M LIBOR + 0.230%, 04/25/37 (a)		7,847,570		7,635,091
Home Equity Mortgage Loan Asset-Backed Trust
0.677%, 1M LIBOR + 0.220%, 04/25/37 (a)		2,497,394		2,074,996
JFIN CLO, Ltd.
1.918%, 3M LIBOR + 0.990%, 09/20/29 (144A) (a)		13,000,000		12,919,985
KREF, Ltd.
1.780%, 1M TSFR + 1.450%, 02/17/39 (144A) (a)		12,500,000		12,415,450
LCM XIII L.P.
1.118%, 3M LIBOR + 0.870%, 07/19/27 (144A) (a)		12,048,443		12,015,538
LCM XXV, Ltd.
1.375%, 3M TSFR + 1.100%, 07/20/30 (144A) (a)		13,000,000		12,969,073
Lehman XS Trust
1.257%, 1M LIBOR + 0.800%, 10/25/35 (a)		500,936		500,936
LoanCore Issuer, Ltd.
1.527%, 1M LIBOR + 1.130%, 05/15/28 (144A) (a)		2,760,104		2,756,393
Long Beach Mortgage Loan Trust
0.777%, 1M LIBOR + 0.320%, 05/25/36 (a)		29,193,782		11,261,694
0.977%, 1M LIBOR + 0.520%, 08/25/45 (a)		588,219		577,691
1.237%, 1M LIBOR + 0.780%, 08/25/35 (a)		10,000,000		9,865,963
Madison Park Funding, Ltd.
1.244%, 3M LIBOR + 0.990%, 04/20/32 (144A) (a)		7,300,000		7,270,136
Marathon CLO, Ltd.
1.350%, 3M LIBOR + 0.870%, 11/21/27 (144A) (a)		1,929,981		1,928,036
1.391%, 3M LIBOR + 1.150%, 04/15/29 (144A) (a)		10,272,144		10,266,083
Asset-Backed - Other—(Continued)
Merrill Lynch First Franklin Mortgage Loan Trust
1.707%, 1M LIBOR + 1.250%, 10/25/37 (a)		10,926,000		10,567,318
MF1, Ltd.
2.143%, 1M TSFR + 1.814%, 11/15/35 (144A) (a)		13,000,000		12,867,278
MidOcean Credit CLO II
1.329%, 3M LIBOR + 1.030%, 01/29/30 (144A) (a)		13,200,000		13,146,976
Morgan Stanley ABS Capital I, Inc. Trust
0.707%, 1M LIBOR + 0.250%, 07/25/36 (a)		3,114,604		2,729,920
0.757%, 1M LIBOR + 0.300%, 06/25/36 (a)		178,605		161,621
1.077%, 1M LIBOR + 0.620%, 12/25/35 (a)		1,417,296		1,385,841
MP CLO VII, Ltd.
1.131%, 3M LIBOR + 0.890%, 10/18/28 (144A) (a)		26,090,047		25,961,815
Neuberger Berman CLO XIV, Ltd.
1.308%, 3M LIBOR + 1.030%, 01/28/30 (144A) (a)		13,250,000		13,175,495
OSD CLO, Ltd.
1.835%, 3M LIBOR + 0.870%, 04/17/31 (144A) (a)		13,500,000		13,374,639
OZLM XVI Ltd.
1.489%, 3M LIBOR + 1.030%, 05/16/30 (144A) (a)		13,000,000		12,937,015
Palmer Square European Loan Funding DAC
0.780%, 3M EURIBOR + 0.780%, 04/15/31 (144A) (EUR) (a)		11,500,000		12,644,574
Palmer Square Loan Funding, Ltd.
0.928%, 3M LIBOR + 0.800%, 10/15/29 (144A) (a)		13,500,000		13,436,145
Park Place Securities, Inc. Asset-Backed Pass-Through Certificates
1.192%, 1M LIBOR + 0.735%, 09/25/35 (a)		5,000,000		4,956,584
1.507%, 1M LIBOR + 1.050%, 10/25/34 (a)		4,765,216		4,715,526
2.257%, 1M LIBOR + 1.800%, 12/25/34 (a)		4,636,570		4,631,987
Saxon Asset Securities Trust
0.857%, 1M LIBOR + 0.400%, 09/25/47 (a)		2,083,072		2,012,306
Sculptor CLO XXV, Ltd.
1.511%, 3M LIBOR + 1.270%, 01/15/31 (144A) (a)		15,050,000		15,012,857
Securitized Asset Backed Receivables LLC Trust
0.957%, 1M LIBOR + 0.500%, 03/25/36 (a)		14,862,126		11,037,052
0.957%, 1M LIBOR + 0.500%, 05/25/36 (a)		7,209,740		4,685,011
Soundview Home Loan Trust
0.567%, 1M LIBOR + 0.110%, 02/25/37 (a)		2,173,208		719,431
1.417%, 1M LIBOR + 0.960%, 05/25/35 (a)		174,128		174,046
Specialty Underwriting & Residential Finance Trust
0.727%, 1M LIBOR + 0.270%, 04/25/37 (a)		2,992,418		2,346,630
Starwood Commercial Mortgage Trust
1.400%, SOFR30A + 1.350%, 11/15/38 (144A) (a)		13,000,000		12,863,243
1.499%, 1M TSFR + 1.194%, 07/15/38 (144A) (a)		11,661,401		11,600,016
Stratus CLO, Ltd.
1.043%, 3M LIBOR + 0.950%, 12/29/29 (144A) (a)		13,500,000		13,444,137
Structured Asset Investment Loan Trust
0.607%, 1M LIBOR + 0.150%, 09/25/36 (a)		1,399,422		1,371,371
1.087%, 1M LIBOR + 0.630%, 11/25/35 (a)		5,817,327		5,682,495
Structured Asset Securities Corp. Mortgage Loan Trust
1.357%, 1M LIBOR + 0.900%, 08/25/37 (a)		144,201		143,830
Sunrun Demeter Issuer Trust
2.270%, 01/30/57 (144A)		13,400,836		12,199,107
Symphony CLO XVII, Ltd.
1.121%, 3M LIBOR + 0.880%, 04/15/28 (144A) (a)		1,489,691		1,485,852

BHFTI-320

Brighthouse Funds Trust I

PIMCO Total Return Portfolio

Schedule of Investments as of March 31, 2022 (Unaudited)

Asset-Backed Securities—(Continued)

Security Description	Principal Amount*		Value
Asset-Backed - Other—(Continued)
Symphony Static CLO I, Ltd.
0.959%, 3M LIBOR + 0.830%, 10/25/29 (144A) (a)		13,500,000	$	13,438,291
TCI-Symphony CLO, Ltd.
1.264%, 3M LIBOR + 1.020%, 10/13/32 (144A) (a)		13,000,000		12,880,777
TCW CLO, Ltd.
1.228%, 3M LIBOR + 0.970%, 04/25/31 (144A) (a)		13,000,000		12,942,514
Telos CLO, Ltd.
1.191%, 3M LIBOR + 0.950%, 04/17/28 (144A) (a)		1,416,319		1,415,887
THL Credit Wind River CLO, Ltd.
1.321%, 3M LIBOR + 1.080%, 04/15/31 (144A) (a)		4,000,000		3,964,032
TICP CLO III-2, Ltd.
1.094%, 3M LIBOR + 0.840%, 04/20/28 (144A) (a)		5,577,058		5,560,957
Toro European CLO 7 DAC
0.810%, 3M EURIBOR + 0.810%, 02/15/34 (144A) (EUR) (a)		15,000,000		16,449,995
U.S. Small Business Administration
6.220%, 12/01/28		727,665		762,993
Venture CLO, Ltd.
1.121%, 3M LIBOR + 0.880%, 04/15/27 (144A) (a)		11,520,467		11,442,704
1.244%, 3M LIBOR + 0.990%, 07/20/30 (144A) (a)		11,600,000		11,567,172
1.304%, 3M LIBOR + 1.050%, 07/20/30 (144A) (a)		13,400,000		13,329,288
Wells Fargo Home Equity Asset-Backed Securities Trust
1.177%, 1M LIBOR + 0.720%, 12/25/35 (a)		5,390,963		5,373,855
				647,309,297
Asset-Backed - Student Loan—0.0%
SoFi Professional Loan Program LLC
3.020%, 02/25/40 (144A)		1,967,199		1,964,728
Total Asset-Backed Securities (Cost $715,622,701)				727,481,514
Mortgage-Backed Securities—15.1%
Collateralized Mortgage Obligations—9.5%
Adjustable Rate Mortgage Trust
2.666%, 11/25/35 (a)		149,952		128,272
American Home Mortgage Investment Trust
0.817%, 1M LIBOR + 0.360%, 12/25/46 (a)		10,911,232		10,286,674
2.829%, 6M LIBOR + 2.000%, 02/25/45 (a)		51,954		51,951
Banc of America Alternative Loan Trust
26.574%, -4x 1M LIBOR + 28.400%, 11/25/46 (a)		410,685		466,023
Banc of America Funding Trust
2.606%, 02/20/36 (a)		591,136		588,524
2.731%, 05/25/35 (a)		276,638		282,009
3.482%, 01/20/47 (a)		64,822		62,731
Banc of America Mortgage Trust
6.000%, 05/25/37		5,327,854		4,780,392
Bayview MSR Opportunity Master Fund Trust
3.000%, 11/25/51 (144A) (a)		13,244,128		12,577,459
BCAP LLC Trust
0.877%, 1M LIBOR + 0.420%, 05/25/47 (a)		4,837,556		4,652,041
5.250%, 02/26/36 (144A) (a)		1,968,853		1,123,740
Collateralized Mortgage Obligations—(Continued)
Bear Stearns Adjustable Rate Mortgage Trust
2.682%, 10/25/35 (a)		644,102		651,461
2.838%, 02/25/33 (a)		3,747		3,415
Bear Stearns ALT-A Trust
2.627%, 05/25/35 (a)		444,070		441,260
2.874%, 09/25/35 (a)		424,482		311,256
2.880%, 11/25/36 (a)		1,468,830		919,812
3.051%, 11/25/36 (a)		1,687,867		1,201,383
3.260%, 05/25/36 (a)		1,228,290		770,382
Bear Stearns Structured Products, Inc. Trust
2.340%, 12/26/46 (a)		387,261		328,631
2.728%, 01/26/36 (a)		455,767		388,058
Chase Mortgage Finance Trust
2.787%, 12/25/35 (a)		409,203		385,656
2.860%, 09/25/36 (a)		1,048,973		951,640
3.147%, 03/25/37 (a)		599,941		601,966
Chevy Chase Funding LLC Mortgage-Backed Certificate
0.707%, 1M LIBOR + 0.250%, 08/25/35 (144A) (a)		12,301		12,012
CHL Mortgage Pass-Through Trust
0.857%, 1M LIBOR + 0.400%, 04/25/46 (a)		1,340,856		1,244,995
1.097%, 1M LIBOR + 0.640%, 03/25/35 (a)		259,233		249,540
2.851%, 09/20/36 (a)		1,509,518		1,429,281
5.750%, 06/25/37		982,614		639,663
Citicorp Mortgage Securities Trust
6.000%, 05/25/37		792,492		774,696
Citigroup Mortgage Loan Trust
1.107%, 1M LIBOR + 0.650%, 10/25/36 (a)		4,522,873		3,750,646
2.190%, 1Y H15 + 2.100%, 09/25/35 (a)		401,831		414,238
2.210%, 1Y H15 + 2.150%, 09/25/35 (a)		83,563		85,791
2.470%, 1Y H15 + 2.400%, 10/25/35 (a)		581,004		580,321
2.576%, 10/25/46 (a)		615,905		599,803
Countrywide Alternative Loan Trust
0.977%, 1M LIBOR + 0.520%, 06/25/46 (a)		5,150,300		4,821,112
1.621%, 12M MTA + 1.480%, 01/25/36 (a)		460,861		456,791
4.543%, -1x 1M LIBOR + 5.000%, 05/25/35 (a) (b)		541,040		49,376
5.500%, 02/25/36		1,613,913		1,386,856
6.000%, 03/25/35		8,452,279		7,801,160
6.000%, 1M LIBOR + 6.000%, 08/25/36 (a)		1,997,822		1,985,897
6.000%, 02/25/37		8,011,789		4,622,414
6.000%, 04/25/37		2,624,717		1,599,586
6.000%, 07/25/37		4,013,521		2,622,075
Countrywide Home Reperforming Loan REMIC Trust
0.797%, 1M LIBOR + 0.340%, 06/25/35 (144A) (a)		773,710		754,391
Credit Suisse First Boston Mortgage Securities Corp.
0.420%, 03/25/32 (144A) (a)		25,314		24,105
6.000%, 11/25/35		836,788		741,850
Credit Suisse Mortgage Trust
0.337%, 10/27/36 (144A) (a)		11,031,119		10,673,980
Downey Savings & Loan Association Mortgage Loan Trust
2.495%, 07/19/44 (a)		199,203		193,461
First Horizon Mortgage Pass-Through Trust
2.774%, 08/25/35 (a)		71,903		53,116
GCAT LLC
2.981%, 09/25/25 (144A) (i)		5,777,076		5,775,210
Gemgarto plc
0.867%, 3M SONIA + 0.590%, 12/16/67 (144A) (GBP) (a)		8,866,667		11,595,651

BHFTI-321

Brighthouse Funds Trust I

PIMCO Total Return Portfolio

Schedule of Investments as of March 31, 2022 (Unaudited)

Mortgage-Backed Securities—(Continued)

Security Description	Principal Amount*		Value
Collateralized Mortgage Obligations—(Continued)
GreenPoint Mortgage Funding Trust
0.897%, 1M LIBOR + 0.440%, 06/25/45 (a)		25,203	$	23,985
GS Mortgage-Backed Securities Trust
2.500%, 01/25/52 (144A) (a)		12,699,933		11,767,136
2.500%, 06/25/52 (144A) (a)		12,938,473		11,923,980
3.000%, 08/26/52 (144A) (a) (k) (l)		15,200,000		14,467,923
GSR Mortgage Loan Trust
2.663%, 04/25/36 (a)		1,018,259		802,092
2.871%, 01/25/36 (a)		1,613,408		1,643,755
2.910%, 09/25/35 (a)		9,315		9,409
6.000%, 03/25/32		63		64
HarborView Mortgage Loan Trust
0.889%, 1M LIBOR + 0.440%, 05/19/35 (a)		351,633		334,668
Hawksmoor Mortgages plc
1.240%, 3M SONIA + 1.050%, 05/25/53 (144A) (GBP) (a)		34,995,018		46,024,932
IndyMac ARM Trust
1.544%, 01/25/32 (a)		6,167		6,151
1.686%, 01/25/32 (a)		257		249
IndyMac INDX Mortgage Loan Trust
0.697%, 1M LIBOR + 0.240%, 07/25/36 (a)		2,381,179		2,304,586
0.877%, 1M LIBOR + 0.420%, 05/25/46 (a)		3,825,541		3,650,663
JPMorgan Alternative Loan Trust
0.817%, 1M LIBOR + 0.360%, 05/25/36 (a)		1,021,785		957,178
JPMorgan Mortgage Trust
2.314%, 07/25/35 (a)		348,210		358,463
3.000%, 03/25/52 (144A) (a)		12,780,912		12,367,669
3.257%, 12/26/37 (144A) (a)		5,699,537		5,217,492
5.750%, 01/25/36		188,437		115,976
Legacy Mortgage Asset Trust
2.882%, 10/25/59 (144A) (i)		11,873,227		11,872,714
3.000%, 06/25/59 (144A) (i)		10,170,854		10,150,202
Lehman Mortgage Trust
1.057%, 1M LIBOR + 0.600%, 08/25/36 (a)		3,407,569		2,494,621
Lehman XS Trust
0.657%, 1M LIBOR + 0.200%, 03/25/47 (a)		11,001,509		11,083,158
MASTR Alternative Loan Trust
0.857%, 1M LIBOR + 0.400%, 03/25/36 (a)		612,994		57,198
6.500%, 02/25/35		3,440,875		3,585,065
MASTR Asset Securitization Trust
6.000%, 06/25/36		179,357		143,673
Metlife Securitization Trust
3.750%, 03/25/57 (144A) (a)		4,299,482		4,312,858
Mill City Mortgage Loan Trust
3.250%, 08/25/59 (144A) (a)		8,400,000		8,134,436
Morgan Stanley Re-REMIC Trust
1.336%, 03/26/37 (144A) (i)		1,548,020		1,568,742
MortgageIT Mortgage Loan Trust
0.917%, 1M LIBOR + 0.460%, 04/25/36 (a)		1,684,440		1,620,485
Nomura Asset Acceptance Corp. Alternative Loan Trust
5.476%, 05/25/35 (i)		636,386		396,663
OBX Trust
1.107%, 1M LIBOR + 0.650%, 06/25/57 (144A) (a)		7,257,881		7,167,985
RBSSP Resecuritization Trust
0.667%, 1M LIBOR + 0.240%, 06/27/36 (144A) (a)		4,224,719		4,128,213
Collateralized Mortgage Obligations—(Continued)
Residential Asset Securitization Trust
6.000%, 06/25/36		2,870,542		1,563,088
Ripon Mortgages plc
1.595%, 3M SONIA + 1.150%, 08/28/56 (144A) (GBP) (a)		5,777,000		7,432,120
0.821%, 3M SONIA + 0.700%, 08/28/56 (144A) (GBP) (a)		19,300,000		25,222,157
1.945%, 3M SONIA + 1.500%, 08/28/56 (144A) (GBP) (a)		13,223,000		16,900,520
Sequoia Mortgage Trust
1.089%, 1M LIBOR + 0.640%, 04/19/27 (a)		170,805		166,812
1.149%, 1M LIBOR + 0.700%, 07/20/33 (a)		112,261		110,954
Structured Adjustable Rate Mortgage Loan Trust
2.720%, 04/25/35 (a)		1,929,389		1,923,995
2.868%, 08/25/35 (a)		52,952		50,773
2.917%, 10/25/36 (a)		5,864,190		3,504,048
2.945%, 01/25/35 (a)		234,162		236,334
Structured Asset Mortgage Investments II Trust
0.949%, 1M LIBOR + 0.500%, 07/19/35 (a)		256,068		246,619
Towd Point Mortgage Funding
0.992%, 3M SONIA + 0.900%, 07/20/45 (144A) (GBP) (a)		10,747,578		14,119,625
1.236%, SONIA + 1.144%, 10/20/51 (144A) (GBP) (a)		16,821,293		22,133,701
1.345%, 3M SONIA + 0.900%, 05/20/45 (GBP) (a)		25,462,984		33,426,325
UWM Mortgage Trust
2.500%, 11/25/51 (144A) (a)		18,035,356		16,644,667
2.500%, 12/25/51 (144A) (a)		13,118,559		12,123,398
WaMu Mortgage Pass-Through Certificates Trust
0.957%, 1M LIBOR + 0.500%, 02/25/45 (a)		4,548,251		4,429,520
1.541%, 12M MTA + 1.400%, 06/25/42 (a)		27,734		27,051
2.811%, 06/25/37 (a)		3,458,116		3,307,632
Wells Fargo Mortgage-Backed Securities Trust
2.382%, 09/25/33 (a)		86,079		86,459
				449,240,935
Commercial Mortgage-Backed Securities—5.6%
1211 Avenue of the Americas Trust
3.901%, 08/10/35 (144A)		12,100,000		12,143,290
225 Liberty Street Trust
3.597%, 02/10/36 (144A)		11,600,000		11,517,010
Arbor Multifamily Mortgage Securities Trust
2.756%, 05/15/53 (144A)		7,500,000		7,145,905
AREIT Trust
1.300%, SOFR30A + 1.250%, 11/17/24 (144A) (a)		13,000,000		12,841,027
1.477%, 1M LIBOR + 1.080%, 07/17/26 (144A) (a)		13,500,000		13,419,977
2.784%, SOFR30A + 2.734%, 04/15/37 (144A) (a)		1,580,876		1,577,958
Benchmark Mortgage Trust
2.955%, 01/15/55 (a)		12,646,000		12,428,907
3.458%, 03/15/55		13,000,000		13,087,867
4.016%, 03/15/52		13,000,000		13,457,005
Commercial Mortgage Trust
3.545%, 02/10/36 (144A)		11,600,000		11,390,032
CSAIL Commercial Mortgage Trust
3.314%, 11/15/49		2,286,922		2,294,077
DBGS Mortgage Trust
3.843%, 04/10/37 (144A)		11,950,000		11,957,065

BHFTI-322

Brighthouse Funds Trust I

PIMCO Total Return Portfolio

Schedule of Investments as of March 31, 2022 (Unaudited)

Mortgage-Backed Securities—(Continued)

Security Description	Principal Amount*		Value
Commercial Mortgage-Backed Securities—(Continued)
DC Office Trust
2.965%, 09/15/45 (144A)		1,000,000	$	945,403
DOLP Trust
2.956%, 05/10/41 (144A)		13,200,000		12,426,613
Extended Stay America Trust
1.477%, 1M LIBOR + 1.080%, 07/15/38 (144A) (a)		13,914,364		13,748,352
GCT Commercial Mortgage Trust
1.197%, 1M LIBOR + 0.800%, 02/15/38 (144A) (a)		4,000,000		3,931,900
GS Mortgage Securities Corp. Trust
2.856%, 05/10/34 (144A)		8,900,000		8,874,401
GS Mortgage Securities Trust
3.278%, 11/10/49 (a)		2,322,489		2,329,212
3.602%, 10/10/49 (144A) (a)		13,346,000		12,716,788
JPMorgan Chase Commercial Mortgage Securities Trust
2.450%, 1M LIBOR + 1.450%, 12/15/31 (144A) (a)		6,599,745		6,532,731
LoanCore Issuer, Ltd.
0.964%, SOFR30A + 0.914%, 07/15/35 (144A) (a)		7,653,777		7,554,212
LUXE Trust 2021-TRIP
1.447%, 1M LIBOR + 1.050%, 10/15/38 (144A) (a)		13,500,000		13,270,820
Manhattan West Mortgage Trust
2.130%, 09/10/39 (144A)		12,300,000		11,368,715
MF1 Multifamily Housing Mortgage Loan Trust
1.293%, 1M TSFR + 0.964%, 07/15/36 (144A) (a)		10,764,011		10,519,097
Morgan Stanley Bank of America Merrill Lynch Trust
2.952%, 11/15/49		9,238,127		9,192,185
Morgan Stanley Capital I Trust
2.428%, 04/05/42 (144A) (a)		7,500,000		6,936,567
NYO Commercial Mortgage Trust 2021-1290
1.492%, 1M LIBOR + 1.095%, 11/15/38 (144A) (a)		14,000,000		13,740,275
Ready Capital Mortgage Financing 2021-FL7 LLC
1.657%, 1M LIBOR + 1.200%, 11/25/36 (144A) (a)		9,798,635		9,707,801
				267,055,192
Total Mortgage-Backed Securities (Cost $734,484,441)				716,296,127
Foreign Government—4.3%
Provincial—0.2%
Province of Ontario Canada
3.150%, 06/02/22 (CAD)		9,300,000		7,467,599
Province of Quebec Canada
3.500%, 12/01/22 (CAD)		3,300,000		2,674,290
				10,141,889
Regional Government—0.3%
Japan Finance Organization for Municipalities
3.375%, 09/27/23 (144A)		14,000,000		14,197,454
Sovereign—3.8%
Chile Government International Bond
4.340%, 03/07/42		12,500,000		12,832,125
Israel Government International Bond
2.750%, 07/03/30		14,500,000		14,350,041
Ivory Coast Government International Bond
5.875%, 10/17/31 (144A) (EUR)		4,900,000		5,013,643
Sovereign—(Continued)
Japan Bank for International Cooperation
2.875%, 07/21/27		11,200,000		11,255,604
Peruvian Government International Bonds
5.940%, 02/12/29(PEN)		23,200,000		6,110,854
6.350%, 08/12/28(PEN)		71,800,000		19,464,534
6.950%, 08/12/31(PEN)		7,000,000		1,950,273
8.200%, 08/12/26(PEN)		24,300,000		7,129,768
Qatar Government International Bonds
4.500%, 04/23/28		15,500,000		16,895,000
5.103%, 04/23/48		1,500,000		1,834,032
Republic of South Africa Government Bond
10.500%, 12/21/26(ZAR)		971,000,000		72,417,163
Romanian Government International Bond
3.000%, 02/27/27(144A)		13,000,000		12,613,068
				181,866,105
Total Foreign Government (Cost $213,287,634)				206,205,448
Preferred Stock—0.9%
Wireless Telecommunication Services—0.9%
AT&T Mobility II LLC, 7.000% † (k) (l) (Cost $44,469,020)		1,644,083		42,829,628
Municipals—0.6%
City of Chicago General Obligation Unlimited
7.750%, 01/01/42		1,939,000		2,132,539
New York State Urban Development Corp.
1.346%, 03/15/26		8,100,000		7,605,779
Sales Tax Securitization Corp.
3.007%, 01/01/33		10,100,000		9,460,789
3.057%, 01/01/34		2,000,000		1,858,810
State of Illinois General Obligation Unlimited, Build America Bond
6.725%, 04/01/35		5,720,000		6,486,963
Tobacco Settlement Finance Authority
1.820%, 06/01/26		2,250,000		2,099,206
Total Municipals (Cost $30,467,003)				29,644,086
Floating Rate Loans (m)—0.3%
Investment Companies—0.2%
Castlelake L.P. First Lien Term Loan, 2.950%, 1M LIBOR + 2.950%, 05/13/31 (k) (l)		8,132,468		7,783,609
Media—0.1%
CSC Holdings, LLC Term Loan B5, 2.897%, 1M LIBOR + 2.500%, 04/15/27		5,225,850		5,146,156
Total Floating Rate Loans (Cost $13,329,177)				12,929,765

BHFTI-323

Brighthouse Funds Trust I

PIMCO Total Return Portfolio

Schedule of Investments as of March 31, 2022 (Unaudited)

Short-Term Investments—3.5%

Security Description	Principal Amount*		Value
Commercial Paper—0.3%
VW Credit, Inc.
1.180%, 05/23/22 (144A) (n)		12,000,000	$	11,981,220
Repurchase Agreements—1.9%
Citigroup Global Markets, Inc. Repurchase Agreement dated 03/31/22 at 0.280%, due on 04/01/22 with a maturity value of $86,500,673; collateralized by U.S. Treasury Note at 2.500%, maturing 08/15/23, with market value of $88,115,085.		86,500,000		86,500,000
Fixed Income Clearing Corp. Repurchase Agreement dated 03/31/22 at 0.000%, due on 04/01/22 with a maturity value of $2,543,839; collateralized by U.S. Treasury Note at 0.125%, maturing 04/15/25, with a market value of $2,594,758.		2,543,839		2,543,839
				89,043,839
U.S. Treasury—1.3%
U.S. Treasury Bills
0.227%, 04/26/22 (e) (f) (g) (n)		2,448,000		2,447,777
0.274%, 05/24/22 (e) (f) (g) (n)		14,900,000		14,893,529
0.305%, 06/02/22 (f) (g) (n)		9,200,000		9,194,827
0.379%, 05/26/22 (d) (f) (g) (n)		9,800,000		9,795,695
0.385%, 06/09/22 (f) (g) (n)		3,700,000		3,697,341
0.608%, 06/30/22 (n)		9,600,000		9,587,730
0.715%, 07/26/22 (e) (g) (n)		13,400,000		13,368,264
				62,985,163
Total Short-Term Investments (Cost $164,006,522)				164,010,222
Total Investments— 128.1% (Cost $6,224,243,327)				6,083,674,254
Other assets and liabilities (net)—(28.1)%				(1,332,874,163	)
Net Assets—100.0%			$	4,750,800,091

*	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 March 31, 2022, the market value of
	restricted securities was $44,244,570, 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 March 31, 2022. 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 centrally cleared swap contracts. As of March 31, 2022, the market value of securities pledged was $52,410,133.
(e)	All or a portion of the security was pledged as collateral against open futures contracts. As of March 31, 2022, the market value of securities pledged was $15,394,211.
(f)	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 March 31, 2022, the market value of securities pledged was $27,065,064.
(g)	All or a portion of the security was pledged as collateral against TBA securities. As of March 31, 2022, the value of securities pledged amounted to $24,984,839.
(h)	Non-income producing; security is in default and/or issuer is in bankruptcy.
(i)	Security is a “step-up” bond where coupon increases or steps up at a predetermined date. Rate shown is current coupon rate.
(j)	Perpetual bond with no specified maturity date.
(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 March 31, 2022, these securities represent 1.4% of net assets.
(m)	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.
(n)	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 March 31, 2022, the market value of 144A securities was $1,748,897,149, which is 36.8% 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	$	42,829,628
British Airways Pass-Through Trust, 4.125%, 09/20/31		10/01/19		1,481,868		1,570,780		1,414,942
							$	44,244,570

TBA Forward Sale Commitments

Security Description	Interest Rate			Maturity		Face Amount			Cost			Value
Uniform Mortgage-Backed Securities 30 Yr. Pool		2.500	%		TBA	$	(39,400,000	)	$	(38,940,414	)	$	(37,590,063	)
Uniform Mortgage-Backed Securities 30 Yr. Pool		3.000	%		TBA		(15,200,000	)		(13,293,012	)		(14,867,500	)
Totals									$	(52,233,426	)	$	(52,457,563	)

BHFTI-324

Brighthouse Funds Trust I

PIMCO Total Return Portfolio

Schedule of Investments as of March 31, 2022 (Unaudited)

Forward Foreign Currency Exchange Contracts

Contracts to Buy		Counterparty	Settlement Date		In Exchange for			Unrealized Appreciation/ (Depreciation)
AUD	5,902,000	DBAG		04/04/22		USD	4,427,459	$	(10,991	)
AUD	22,015,000	UBSA		04/04/22		USD	16,532,340		(58,511	)
AUD	27,917,000	UBSA		05/03/22		USD	20,983,143		(85,650	)
BRL	20,300,000	BNP		04/04/22		USD	4,284,689		(20,924	)
BRL	13,406,758	CBNA		04/04/22		USD	2,565,739		250,185
BRL	13,406,758	GSBU		04/04/22		USD	2,829,743		(13,819	)
BRL	11,550,000	JPMC		04/04/22		USD	2,255,639		170,296
BRL	19,150,000	JPMC		04/04/22		USD	3,736,950		285,272
BRL	13,406,758	GSBU		05/03/22		USD	2,684,869		108,541
BRL	549,700,000	GSBU		07/05/22		USD	106,170,932		6,310,013
CAD	16,025,432	BNP		04/04/22		USD	12,799,502		19,235
CLP	6,441,253,715	CBNA		05/18/22		USD	7,939,129		185,243
CLP	6,657,044,976	BNP		05/23/22		USD	8,216,850		173,159
DKK	24,721,827	DBAG		04/01/22		USD	3,639,920		36,680
DKK	31,354,108	DBAG		04/01/22		USD	4,655,677		7,268
EUR	1,725,000	BNP		05/18/22		USD	1,907,966		3,105
EUR	2,653,000	UBSA		05/18/22		USD	2,939,328		(155	)
EUR	11,948,000	UBSA		05/18/22		USD	13,640,363		(403,562	)
GBP	815,000	BNP		05/18/22		USD	1,067,962		2,410
GBP	1,363,000	BBP		05/18/22		USD	1,827,096		(37,014	)
GBP	9,607,000	BBP		05/18/22		USD	12,664,026		(46,778	)
GBP	1,300,000	DBAG		05/18/22		USD	1,730,153		(22,812	)
GBP	1,568,000	DBAG		05/18/22		USD	2,043,618		15,697
GBP	1,094,000	JPMC		05/18/22		USD	1,466,757		(29,964	)
GBP	1,431,000	JPMC		05/18/22		USD	1,880,973		(1,585	)
GBP	1,100,000	SG		05/18/22		USD	1,453,542		(8,869	)
GBP	1,829,000	SG		05/18/22		USD	2,443,596		(41,499	)
GBP	1,480,000	UBSA		05/18/22		USD	1,946,842		(3,101	)
JPY	8,851,875,848	BNP		05/18/22		USD	76,649,373		(3,869,841	)
JPY	116,400,000	JPMC		05/18/22		USD	1,014,993		(57,960	)
MXN	474,817,000	BNP		07/01/22		USD	22,699,618		801,905
MYR	1,437,265	GSBU		06/15/22		USD	341,758		(493	)
NOK	92,620,000	BBP		05/18/22		USD	10,413,796		102,144
NOK	324,220,000	JPMC		05/18/22		USD	36,410,083		401,385
NOK	198,111,429	UBSA		05/18/22		USD	22,251,463		241,821
PEN	43,078,227	CBNA		04/11/22		USD	11,496,725		208,043
PEN	5,193,801	DBAG		05/03/22		USD	1,393,000		15,405
PEN	13,145,475	CBNA		05/13/22		USD	3,455,698		105,919
Contracts to Deliver
AUD	27,917,000	UBSA		04/04/22		USD	20,976,862		86,564
BRL	20,300,000	BNP		04/04/22		USD	3,494,818		(768,947	)
BRL	13,406,758	CBNA		04/04/22		USD	2,829,743		13,819
BRL	13,406,758	GSBU		04/04/22		USD	2,705,703		(110,222	)
BRL	20,300,000	JPMC		04/04/22		USD	4,284,689		20,924
BRL	10,400,000	JPMC		04/04/22		USD	1,785,254		(399,138	)
BRL	549,700,000	JPMC		07/05/22		USD	100,032,756		(12,448,189	)
CAD	164,000	BNP		04/04/22		USD	131,406		223
CAD	136,000	DBAG		04/04/22		USD	105,893		(2,893	)
CAD	131,000	DBAG		04/04/22		USD	104,092		(695	)
CAD	15,579,897	JPMC		04/04/22		USD	12,209,694		(252,660	)
CAD	16,028,098	BNP		05/03/22		USD	12,799,502		(19,482	)
CLP	12,826,929,490	BNP		06/15/22		USD	15,611,754		(494,455	)
CNH	96,503,000	SG		05/20/22		USD	15,075,147		(68,631	)
DKK	5,315,000	BNP		04/01/22		USD	832,233		41,793
DKK	60,865,000	CBNA		04/01/22		USD	9,519,680		467,911
DKK	11,880,000	JPMC		04/01/22		USD	1,862,304		95,525
DKK	20,555,000	BBP		07/01/22		USD	3,077,705		10,305

BHFTI-325

Brighthouse Funds Trust I

PIMCO Total Return Portfolio

Schedule of Investments as of March 31, 2022 (Unaudited)

Forward Foreign Currency Exchange Contracts—(Continued)

Contracts to Deliver		Counterparty	Settlement Date		In Exchange for			Unrealized Appreciation/ (Depreciation)
DKK	31,237,716	DBAG		07/01/22		USD	4,655,677	$	(5,893	)
DKK	24,629,009	DBAG		07/01/22		USD	3,639,920		(35,440	)
EUR	119,260,724	BNP		05/18/22		USD	135,310,379		3,185,306
EUR	7,938,000	BBP		05/18/22		USD	8,749,253		(44,998	)
GBP	127,281,000	BNP		05/18/22		USD	172,178,698		5,015,590
GBP	38,443,000	DBAG		05/18/22		USD	52,087,932		1,599,238
GBP	4,854,000	GSBU		05/18/22		USD	6,462,308		87,360
JPY	1,315,600,000	BBP		05/18/22		USD	10,810,116		(6,659	)
JPY	2,987,400,000	DBAG		05/18/22		USD	24,601,070		38,867
JPY	2,398,400,000	UBSA		05/18/22		USD	19,426,425		(293,060	)
JPY	1,578,100,000	UBSA		05/18/22		USD	12,987,302		12,269
JPY	501,800,000	UBSA		05/18/22		USD	4,236,651		110,885
KRW	167,431,716	GSBU		05/20/22		USD	135,692		(2,351	)
MXN	306,679,000	CBNA		04/18/22		USD	14,132,152		(1,249,032	)
MXN	169,523,000	BNP		08/09/22		USD	7,717,483		(610,616	)
PEN	43,078,227	GSBU		04/11/22		USD	10,825,307		(879,461	)
PEN	13,145,475	CBNA		05/13/22		USD	3,245,636		(315,981	)
PEN	3,891,605	CBNA		05/31/22		USD	941,571		(111,205	)
PEN	16,140,384	CBNA		08/08/22		USD	4,292,884		(43,543	)
PEN	21,528,747	CBNA		09/06/22		USD	5,582,747		(184,456	)
PEN	47,836,035	CBNA		12/06/22		USD	11,405,826		(1,299,852	)
PEN	43,078,227	CBNA		12/12/22		USD	11,187,697		(248,064	)
PEN	13,145,475	CBNA		12/23/22		USD	3,377,476		(108,724	)
PEN	7,332,581	CBNA		02/01/23		USD	1,844,814		(92,633	)
SEK	1,040,000	UBSA		05/18/22		USD	112,438		1,725
ZAR	71,558,000	CBNA		04/22/22		USD	4,588,406		(297,423	)
ZAR	66,795,000	GSBU		04/22/22		USD	4,213,022		(347,600	)
ZAR	214,223,738	SG		04/22/22		USD	13,753,328		(873,416	)
ZAR	191,273,643	SG		04/22/22		USD	12,191,083		(868,678	)
ZAR	135,508,636	BBP		05/16/22		USD	8,542,951		(681,119	)
ZAR	170,465,756	CBNA		05/16/22		USD	10,735,477		(868,125	)
ZAR	111,000	GSBU		05/16/22		USD	6,944		(612	)
ZAR	72,295,000	CBNA		06/15/22		USD	4,639,063		(263,599	)
ZAR	171,367,863	GSBU		06/15/22		USD	11,182,972		(438,285	)
Net Unrealized Depreciation								$	(9,217,635	)

Futures Contracts

Futures Contracts—Long	Expiration Date		Number of Contracts			Notional Value				Value/ Unrealized Appreciation/ (Depreciation)
90 Day Eurodollar Futures		03/18/24		1,000			USD	242,687,500		$	(3,251,060	)
U.S. Treasury Note 10 Year Futures		06/21/22		2,418			USD	297,111,750			(9,227,605	)
U.S. Treasury Note Ultra 10 Year Futures		06/21/22		415			USD	56,219,531			(11,295	)
U.S. Treasury Ultra Long Bond Futures		06/21/22		109			USD	19,306,625			(754,647	)
Futures Contracts—Short
Euro-Bund Futures		06/08/22		(2,246	)		EUR	(356,350,360	)		5,792,995
Euro-Buxl 30 Year Bond Futures		06/08/22		(110	)		EUR	(20,482,000	)		951,479
Put Options on Euro-Bobl Futures, Strike EUR 131.50		04/22/22		(131	)		EUR	(355,665	)		(330,932	)
U.S. Treasury Long Bond Futures		06/21/22		(486	)		USD	(72,930,375	)		2,237,558
U.S. Treasury Note 5 Year Futures		06/30/22		(714	)		USD	(81,886,875	)		(299,070	)
United Kingdom Long Gilt Bond Futures		06/28/22		(105	)		GBP	(12,729,150	)		258,966
Net Unrealized Depreciation										$	(4,633,611	)

BHFTI-326

Brighthouse Funds Trust I

PIMCO Total Return Portfolio

Schedule of Investments as of March 31, 2022 (Unaudited)

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)
Call - OTC - 10 Yr. IRS		1.443	%	DBAG		12M SOFR		Receive		04/19/22		(30,300,000	)		USD	(30,300,000	)	$	(196,192	)	$	(815	)	$	195,377
Call - OTC - 2 Yr. IRS		1.500	%	GSBU		12M SOFR		Receive		06/13/22		(86,500,000	)		USD	(86,500,000	)		(155,700	)		(17,041	)		138,659
Call - OTC - 5 Yr. IRS		1.185	%	BNP		12M SOFR		Receive		04/13/22		(30,000,000	)		USD	(30,000,000	)		(95,250	)		(18	)		95,232
Call - OTC - 5 Yr. IRS		1.240	%	CBNA		12M SOFR		Receive		04/14/22		(30,000,000	)		USD	(30,000,000	)		(100,125	)		(30	)		100,095
Call - OTC - 5 Yr. IRS		1.283	%	CBNA		12M SOFR		Receive		04/20/22		(22,900,000	)		USD	(22,900,000	)		(79,119	)		(121	)		78,998
Call - OTC - 5 Yr. IRS		1.450	%	MSCS		12M SOFR		Receive		06/13/22		(86,400,000	)		USD	(86,400,000	)		(328,320	)		(66,303	)		262,017
Call - OTC - 1 Yr. IRS		0.870	%	GSBU		3M LIBOR		Receive		11/02/22		(442,000,000	)		USD	(442,000,000	)		(880,555	)		(16,796	)		863,759
Call - OTC - 2 Yr. IRS		0.350	%	DBAG		6M EURIBOR		Receive		08/08/22		(5,000,000	)		EUR	(5,000,000	)		(19,469	)		(6,664	)		12,805
Call - OTC - 5 Yr. IRS		0.500	%	GSBU		6M EURIBOR		Receive		05/11/22		(23,700,000	)		EUR	(23,700,000	)		(82,631	)		(11,806	)		70,825
Put - OTC - 10 Yr. IRS		1.943	%	DBAG		12M SOFR		Pay		04/19/22		(30,300,000	)		USD	(30,300,000	)		(196,192	)		(574,552	)		(378,359	)
Put - OTC - 2 Yr. IRS		2.200	%	GSBU		12M SOFR		Pay		06/13/22		(86,500,000	)		USD	(86,500,000	)		(155,700	)		(642,280	)		(486,580	)
Put - OTC - 5 Yr. IRS		1.783	%	CBNA		12M SOFR		Pay		04/20/22		(22,900,000	)		USD	(22,900,000	)		(79,119	)		(518,252	)		(439,133	)
Put - OTC - 5 Yr. IRS		1.690	%	CBNA		12M SOFR		Pay		04/14/22		(30,000,000	)		USD	(30,000,000	)		(100,125	)		(799,905	)		(699,780	)
Put - OTC - 5 Yr. IRS		1.635	%	BNP		12M SOFR		Pay		04/13/22		(30,000,000	)		USD	(30,000,000	)		(95,250	)		(876,840	)		(781,590	)
Put - OTC - 5 Yr. IRS		2.150	%	MSCS		12M SOFR		Pay		06/13/22		(86,400,000	)		USD	(86,400,000	)		(328,320	)		(1,201,548	)		(873,227	)
Put - OTC - 1 Yr. IRS		1.270	%	GSBU		3M LIBOR		Pay		11/02/22		(442,000,000	)		USD	(442,000,000	)		(880,555	)		(7,292,425	)		(6,411,870	)
Put - OTC - 2 Yr. IRS		0.550	%	DBAG		6M EURIBOR		Pay		08/08/22		(5,000,000	)		EUR	(5,000,000	)		(19,469	)		(44,966	)		(25,497	)
Put - OTC - 5 Yr. IRS		1.000	%	GSBU		6M EURIBOR		Pay		05/11/22		(23,700,000	)		EUR	(23,700,000	)		(93,979	)		(193,644	)		(99,666	)
Put - OTC - 5 Yr. IRS		0.650	%	JPMC		6M EURIBOR		Pay		04/08/22		(27,000,000	)		EUR	(27,000,000	)		(154,150	)		(496,929	)		(342,780	)
Totals																		$	(4,040,220	)	$	(12,760,935	)	$	(8,720,715	)

Credit Default Swaptions	Strike Spread			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		6.000	%	BBP		ITRX.EUR.XOVER 36		Sell		06/15/22		(28,177,000	)		EUR	(28,177,000	)	$	(308,622	)	$	(72,023	)	$	236,599

Options on Exchange-Traded Futures Contracts	Strike Price			Expiration Date		Number of Contracts			Notional Amount				Premiums Received			Market Value			Unrealized Appreciation/ (Depreciation)
Put - Eurodollar 3 Month Interest Rate Futures		USD	96.500		12/18/23		(1,024	)		USD	(2,560,000	)	$	(923,093	)	$	(1,376,000	)	$	(452,907	)

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, 3.000%, TBA	JPMC	USD	99.617	06/06/22		(12,000,000	)		USD	(12,000,000	)	$	(53,437	)	$	(36,815	)	$	16,623
Call - Uniform Mortgage-Backed Securities 30 Yr. Pool, 3.000%, TBA	MSC	USD	99.453	06/06/22		(12,300,000	)		USD	(12,300,000	)		(53,813	)		(42,675	)		11,138
Call - Uniform Mortgage-Backed Securities 30 Yr. Pool, 3.500%, TBA	JPMC	USD	100.625	06/06/22		(11,900,000	)		USD	(11,900,000	)		(50,203	)		(44,359	)		5,843
Put - Uniform Mortgage-Backed Securities 30 Yr. Pool, 3.000%, TBA	MSC	USD	97.453	06/06/22		(12,300,000	)		USD	(12,300,000	)		(73,031	)		(145,343	)		(72,312	)
Put - Uniform Mortgage-Backed Securities 30 Yr. Pool, 3.000%, TBA	JPMC	USD	97.617	06/06/22		(12,000,000	)		USD	(12,000,000	)		(71,250	)		(150,931	)		(79,681	)
Put - Uniform Mortgage-Backed Securities 30 Yr. Pool, 3.500%, TBA	JPMC	USD	98.625	06/06/22		(11,900,000	)		USD	(11,900,000	)		(68,797	)		(58,044	)		10,754
Total												$	(370,531	)	$	(478,167	)	$	(107,635	)

BHFTI-327

Brighthouse Funds Trust I

PIMCO Total Return Portfolio

Schedule of Investments as of March 31, 2022 (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	1 Day CDI		Maturity	10.120%		Maturity		01/04/27		BRL	25,600,000	$	(147,188	)	$	—		$	(147,188	)
Pay	1 Day CDI		Maturity	10.206%		Maturity		01/04/27		BRL	104,900,000		(547,109	)		—			(547,109	)
Pay	1 Day CDI		Maturity	10.665%		Maturity		01/02/24		BRL	39,850,000		(142,718	)		—			(142,718	)
Pay	1 Day CDI		Maturity	10.755%		Maturity		01/02/24		BRL	247,900,000		(815,052	)		—			(815,052	)
Pay	1 Day CDI		Maturity	10.833%		Maturity		01/02/24		BRL	49,801,000		(152,124	)		—			(152,124	)
Pay	1 Day CDI		Maturity	10.990%		Maturity		01/04/27		BRL	42,600,000		(31,608	)		(14,921	)		(16,687	)
Pay	1 Day CDI		Maturity	10.995%		Maturity		01/02/24		BRL	266,600,000		(661,490	)		—			(661,490	)
Pay	1 Day CDI		Maturity	11.165%		Maturity		01/02/25		BRL	28,700,000		(23,575)			—			(23,575	)
Pay	1 Day CDI		Maturity	11.180%		Maturity		01/02/25		BRL	42,900,000		(32,693	)		—			(32,693	)
Pay	1 Day CDI		Maturity	11.320%		Maturity		01/02/25		BRL	72,900,000		(15,418	)		—			(15,418	)
Pay	1 Day CDI		Maturity	11.350%		Maturity		01/02/25		BRL	71,700,000		(6,687	)		—			(6,687	)
Pay	1 Day CDI		Maturity	11.371%		Maturity		01/02/25		BRL	157,900,000		(1,924	)		—			(1,924	)
Pay	12M SOFR		Annually	1.320%		Annually		12/21/23		USD	112,900,000		(1,564,459	)		(593,321	)		(971,138	)
Pay	12M SOFR		Annually	1.400%		Annually		12/07/24		USD	149,300,000		(1,763,581	)		55,704			(1,819,285	)
Pay	12M SOFR		Annually	1.573%		Annually		02/28/27		USD	6,100,000		(178,935	)		—			(178,935	)
Pay	12M SOFR		Annually	1.765%		Annually		03/16/32		USD	48,000,000		(1,512,854	)		—			(1,512,854	)
Pay	12M SONIA		Annually	0.800%		Annually		03/15/32		GBP	42,100,000		(4,337,034	)		(531	)		(4,336,503	)
Pay	3M CDOR		Semi-Annually	1.235%		Semi-Annually		03/04/25		CAD	20,700,000		(725,334	)		211,501			(936,835	)
Pay	3M LIBOR		Semi-Annually	2.800%		Semi-Annually		08/22/23		USD	51,400,000		419,803			1,853,573			(1,433,770	)
Pay	6M EURIBOR		Annually	0.750%		Annually		06/15/32		EUR	324,000,000		(16,914,950	)		(12,249,475	)		(4,665,475	)
Pay	6M LIBOR		Semi-Annually	0.000%		Semi-Annually		06/18/22		JPY	8,640,000,000		8,726			(18,440	)		27,166
Pay	6M TONA		Semi-Annually	0.000%		Semi-Annually		04/07/22		JPY	260,000,000		(19	)		(2	)		(17	)
Pay	6M TONA		Semi-Annually	0.000%		Semi-Annually		04/22/22		JPY	570,000,000		(140	)		(10	)		(130	)
Pay	6M TONA		Semi-Annually	0.000%		Semi-Annually		05/12/22		JPY	870,000,000		(412	)		(10	)		(402	)
Pay	6M TONA		Semi-Annually	0.380%		Semi-Annually		06/18/28		JPY	8,640,000,000		683,294			2,020,676			(1,337,382	)
Pay	12M TONA		Annually	0.000%		Annually		03/17/24		JPY	10,670,000,000		(59,532	)		116,088			(175,620	)
Receive	1 Day CDI		Maturity	11.900%		Maturity		01/02/24		BRL	62,400,000		30,224			—			30,224
Receive	1 Day CDI		Maturity	11.910%		Maturity		01/02/24		BRL	62,200,000		28,432			—			28,432
Receive	1 Day CDI		Maturity	11.920%		Maturity		01/02/24		BRL	41,600,000		17,882			—			17,882
Receive	1 Day CDI		Maturity	12.015%		Maturity		01/02/24		BRL	104,700,000		17,696			—			17,696
Receive	1 Day CDI		Maturity	12.020%		Maturity		01/02/24		BRL	103,900,000		16,145			—			16,145
Receive	1 Day CDI		Maturity	12.030%		Maturity		01/02/24		BRL	221,100,000		27,816			—			27,816
Receive	1 Day CDI		Maturity	7.900%		Maturity		01/02/24		BRL	9,400,000		107,669			106,747			922
Receive	12M SONIA		Annually	0.750%		Annually		09/21/52		GBP	85,200,000		18,579,890			17,384,408			1,195,482
Receive	12M SONIA		Annually	0.900%		Annually		03/15/52		GBP	15,600,000		2,681,818			253			2,681,565
Receive	6M TONA		Semi-Annually	0.000%		Semi-Annually		06/18/22		JPY	8,640,000,000		7,995			230			7,765
Receive	12M TONA		Annually	0.050%		Annually		12/15/31		JPY	303,000,000		57,394			79,943			(22,549	)
Receive	12M TONA		Annually	0.202%		Annually		02/08/32		JPY	2,870,000,000		214,058			—			214,058
Receive	12M TONA		Annually	0.225%		Annually		02/09/32		JPY	1,726,000,000		96,655			—			96,655
Receive	12M TONA		Annually	0.253%		Annually		02/10/32		JPY	1,151,000,000		38,617			—			38,617
Receive	12M TONA		Annually	0.800%		Annually		06/15/52		JPY	460,000,000		(26,492	)		(5,953	)		(20,539	)
Receive	6M LIBOR		Semi-Annually	0.000%		Semi-Annually		04/07/22		JPY	260,000,000		(15	)		97			(112	)
Receive	6M LIBOR		Semi-Annually	0.000%		Semi-Annually		04/22/22		JPY	570,000,000		(172	)		25,856			(26,028	)
Receive	6M LIBOR		Semi-Annually	0.000%		Semi-Annually		05/12/22		JPY	870,000,000		(452	)		143			(595	)
Receive	6M TONA		Semi-Annually	0.300%		Semi-Annually		09/20/27		JPY	6,210,000,000		(282,334	)		(1,017,221	)		734,887
Receive	6M TONA		Semi-Annually	0.350%		Semi-Annually		03/17/51		JPY	608,000,000		617,274			326,206			291,068
Receive	6M TONA		Semi-Annually	0.450%		Semi-Annually		03/20/29		JPY	2,390,000,000		(270,507	)		(670,045	)		399,538
Receive	6M TONA		Semi-Annually	0.538%		Semi-Annually		03/15/51		JPY	1,658,910,000		1,001,200			17,141			984,059
Receive	6M TONA		Semi-Annually	0.557%		Semi-Annually		03/17/51		JPY	1,830,000,000		1,027,475			36,471			991,004
Receive	6M TONA		Semi-Annually	0.570%		Semi-Annually		03/19/51		JPY	589,000,000		313,330			11,428			301,902
Receive	6M TONA		Semi-Annually	0.572%		Semi-Annually		04/07/51		JPY	260,000,000		137,933			3,978			133,955
Receive	6M TONA		Semi-Annually	0.785%		Semi-Annually		11/12/38		JPY	870,000,000		(249,320	)		(643,767	)		394,447
Receive	6M TONA		Semi-Annually	0.800%		Semi-Annually		10/22/38		JPY	570,000,000		(175,399	)		(430,171	)		254,772
Totals												$	(4,508,201	)	$	6,606,576		$	(11,114,777	)

BHFTI-328

Brighthouse Funds Trust I

PIMCO Total Return Portfolio

Schedule of Investments as of March 31, 2022 (Unaudited)

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 March 31, 2022(b)			Notional Amount(c)			Market Value			Upfront Premiums Paid/(Received)			Unrealized Appreciation/ (Depreciation)
CDX.NA.HY.35.V1		(5.000	%)		Quarterly		12/20/25		3.151	%		USD	4,100,000	$	(251,207	)	$	(274,148	)	$	22,941
CDX.NA.HY.36 V1		(5.000	%)		Quarterly		06/20/26		3.298	%		USD	7,800,000		(488,491	)		(607,928	)		119,437
Totals														$	(739,698	)	$	(882,076	)	$	142,378

Centrally Cleared Credit Default Swaps on Corporate Issues—Sell Protection (d)

Reference Obligation	Fixed Deal Receive Rate			Payment Frequency		Maturity Date		Implied Credit Spread at March 31, 2022 (b)			Notional Amount (c)			Market Value			Upfront Premiums Paid/(Received)			Unrealized Appreciation/ (Depreciation)
Bank of America Corp. 1.258%, due 04/24/23		1.000	%		Quarterly		12/20/22		0.315	%		USD	13,000,000	$	64,688		$	66,790		$	(2,102	)
Citigroup, Inc. 2.876%, due 07/24/23		1.000	%		Quarterly		12/20/22		0.385	%		USD	13,200,000		58,912			66,849			(7,937	)
General Electric Co. 2.700%, due 10/09/22		1.000	%		Quarterly		12/20/23		0.344	%		USD	4,800,000		53,558			40,532			13,026
General Electric Co. 2.700%, due 10/09/22		1.000	%		Quarterly		06/20/24		0.411	%		USD	2,900,000		37,169			25,782			11,387
General Electric Co. 2.700%, due 10/09/22		1.000	%		Quarterly		06/20/26		0.707	%		USD	4,700,000		54,421			41,611			12,810
General Electric Co. 2.700%, due 10/09/22		1.000	%		Quarterly		12/20/26		0.787	%		USD	500,000		4,664			5,230			(566	)
JPMorgan Chase & Co. 3.200%, due 01/25/23		1.000	%		Quarterly		12/20/22		0.324	%		USD	13,000,000		63,791			67,743			(3,952	)
Rolls Royce plc 2.125%, due 06/18/21		1.000	%		Quarterly		06/20/24		1.085	%		EUR	6,200,000		(12,771	)		(273,196	)		260,425
Rolls Royce plc 2.125%, due 06/18/21		1.000	%		Quarterly		12/20/24		1.343	%		EUR	5,000,000		(50,533	)		(289,810	)		239,277
Stellantis NV 5.250%, due 04/15/23		5.000	%		Quarterly		12/20/26		1.291	%		EUR	3,200,000		585,689			651,236			(65,547	)
Totals														$	859,588		$	402,767		$	456,821

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 March 31, 2022(b)			Notional Amount(c)			Market Value		Upfront Premiums Paid/(Received)		Unrealized Appreciation/ (Depreciation)
CDX.NA.IG.35.V1		1.000	%		Quarterly		12/20/25		0.495	%		USD	900,000	$	16,094	$	15,519	$	575
CDX.NA.IG.36.V1		1.000	%		Quarterly		06/20/26		0.555	%		USD	2,800,000		49,532		58,626		(9,094	)
CDX.NA.IG.37.V1		1.000	%		Quarterly		12/20/26		0.614	%		USD	28,200,000		478,413		595,960		(117,547	)
CDX.NA.IG.38.V1		1.000	%		Quarterly		06/20/27		0.671	%		USD	28,500,000		450,528		406,384		44,144
ITRX.EUR.34.V1		1.000	%		Quarterly		12/20/25		0.514	%		EUR	49,200,000		970,170		1,107,874		(137,704	)
ITRX.EUR.35.V1		1.000	%		Quarterly		06/20/26		0.600	%		EUR	7,700,000		140,430		193,952		(53,522	)
ITRX.EUR.36.V1		1.000	%		Quarterly		12/20/26		0.655	%		EUR	38,900,000		679,063		1,023,163		(344,100	)
ITRX.EUR.37.V1		1.000	%		Quarterly		06/20/27		0.730	%		EUR	9,600,000		143,593		145,956		(2,363	)
ITRX.EUR.XOVER 36.V1		5.000	%		Quarterly		12/20/26		3.110	%		EUR	58,700,000		5,107,544		7,086,494		(1,978,950	)
ITRX.EUR.XOVER 37.V1		5.000	%		Quarterly		06/20/27		3.388	%		EUR	77,800,000		6,212,002		5,378,286		833,716
Totals														$	14,247,369	$	16,012,214	$	(1,764,845	)

BHFTI-329

Brighthouse Funds Trust I

PIMCO Total Return Portfolio

Schedule of Investments as of March 31, 2022 (Unaudited)

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 March 31, 2022(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	BBP		1.766	%		USD	2,400,000	$	(80,182	)	$	(107,073	)	$	26,891
Colombia Government International Bond 10.375%, due 01/28/33		1.000	%		Quarterly		12/20/26	CBNA		1.766	%		USD	2,100,000		(70,159	)		(99,751	)		29,592
Colombia Government International Bond 10.375%, due 01/28/33		1.000	%		Quarterly		12/20/26	GSI		1.766	%		USD	400,000		(13,364	)		(9,805	)		(3,559	)
Colombia Government International Bond 10.375%, due 01/28/33		1.000	%		Quarterly		12/20/26	JPMC		1.766	%		USD	9,300,000		(310,705	)		(227,956	)		(82,749	)
Colombia Government International Bond 10.375%, due 01/28/33		1.000	%		Quarterly		06/20/27	BNP		1.918	%		USD	2,900,000		(126,713	)		(138,543	)		11,830
Colombia Government International Bond 10.375%, due 01/28/33		1.000	%		Quarterly		06/20/27	GSI		1.918	%		USD	2,600,000		(113,605	)		(121,273	)		7,668
Colombia Government International Bond 10.375%, due 01/28/33		1.000	%		Quarterly		06/20/27	JPMC		1.918	%		USD	1,300,000		(56,803	)		(50,118	)		(6,685	)
Republic of South Africa 5.500%, due 03/09/20		1.000	%		Quarterly		06/20/24	GSI		1.050	%		USD	14,280,000		(15,391	)		(252,650	)		237,259
Republic of South Africa 5.875%, due 09/16/25		1.000	%		Quarterly		12/20/26	CBNA		1.952	%		USD	3,100,000		(128,220	)		(144,012	)		15,792
Republic of South Africa 5.875%, due 09/16/25		1.000	%		Quarterly		12/20/26	MSCS		1.952	%		USD	36,100,000		(1,493,142	)		(1,654,082	)		160,940
Totals															$	(2,408,284	)	$	(2,805,263	)	$	396,979

(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

(BBP)—	Barclays Bank plc
(BNP)—	BNP Paribas S.A.
(CBNA)—	Citibank N.A.
(DBAG)—	Deutsche Bank AG
(GSBU)—	Goldman Sachs Bank USA
(GSI)—	Goldman Sachs International
(JPMC)—	JPMorgan Chase Bank N.A.
(MSC)—	Morgan Stanley & Co.
(MSCS)—	Morgan Stanley Capital Services LLC
(SG)—	Societe Generale
(UBSA)—	UBS AG

Currencies

(AUD)—	Australian Dollar
(BRL)—	Brazilian Real
(CAD)—	Canadian Dollar
(CLP)—	Chilean Peso
(CNH)—	Chinese Renminbi
(DKK)—	Danish Krone
(EUR)—	Euro
(GBP)—	British Pound
(JPY)—	Japanese Yen
(KRW)—	South Korean Won
(MXN)—	Mexican Peso
(MYR)—	Malaysian Ringgit
(NOK)—	Norwegian Krone
(PEN)—	Peruvian Nuevo Sol
(SEK)—	Swedish Krona
(USD)—	United States Dollar
(ZAR)—	South African Rand

BHFTI-330

Brighthouse Funds Trust I

PIMCO Total Return Portfolio

Schedule of Investments as of March 31, 2022 (Unaudited)

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
(ECOFC)—	Enterprise 11th District COFI Replacement 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
(SOFR30A)—	Secured Overnight Financing Rate 30-Day Average
(SONIA)—	Sterling Overnight Index Average Deposit Rate
(TONA)—	Tokyo Overnight Average Rate
(TSFR)—	Term Secured Financing Rate
(UKG)—	U.K. Government Bond

Other Abbreviations

(ACES)—	Alternative Credit Enhancement Securities
(ARM)—	Adjustable-Rate Mortgage
(CDS)—	Credit Default Swap
(CLO)—	Collateralized Loan Obligation
(CMO)—	Collateralized Mortgage Obligation
(DAC)—	Designated Activity Company
(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 March 31, 2022:

Description	Level 1		Level 2			Level 3		Total
Total U.S. Treasury & Government Agencies*	$	—	$	2,457,794,551		$	—	$	2,457,794,551
Total Corporate Bonds & Notes*		—		1,726,482,913			—		1,726,482,913
Total Asset-Backed Securities*		—		727,481,514			—		727,481,514
Mortgage-Backed Securities
Collateralized Mortgage Obligations		—		434,773,012			14,467,923		449,240,935
Commercial Mortgage-Backed Securities		—		267,055,192			—		267,055,192
Total Mortgage-Backed Securities		—		701,828,204			14,467,923		716,296,127
Total Foreign Government*		—		206,205,448			—		206,205,448
Total Preferred Stock*		—		—			42,829,628		42,829,628
Total Municipals*		—		29,644,086			—		29,644,086
Floating Rate Loans
Investment Companies		—		—			7,783,609		7,783,609
Media		—		5,146,156			—		5,146,156
Total Floating Rate Loans		—		5,146,156			7,783,609		12,929,765
Total Short-Term Investments*		—		164,010,222			—		164,010,222
Total Investments	$	—	$	6,018,593,094		$	65,081,160	$	6,083,674,254
TBA Forward Sales Commitments	$	—	$	(52,457,563	)	$	—	$	(52,457,563	)
Forward Contracts
Forward Foreign Currency Exchange Contracts (Unrealized Appreciation)	$	—	$	20,232,030		$	—	$	20,232,030
Forward Foreign Currency Exchange Contracts (Unrealized Depreciation)		—		(29,449,665	)		—		(29,449,665	)
Total Forward Contracts	$	—	$	(9,217,635	)	$	—	$	(9,217,635	)

BHFTI-331

Brighthouse Funds Trust I

PIMCO Total Return Portfolio

Schedule of Investments as of March 31, 2022 (Unaudited)

Description	Level 1			Level 2			Level 3		Total
Futures Contracts
Futures Contracts (Unrealized Appreciation)	$	9,240,998		$	—		$	—	$	9,240,998
Futures Contracts (Unrealized Depreciation)		(13,874,609	)		—			—		(13,874,609	)
Total Futures Contracts	$	(4,633,611	)	$	—		$	—	$	(4,633,611	)
Written Options
Credit Default Swaptions at Value	$	—		$	(72,023	)	$	—	$	(72,023	)
Interest Rate Swaptions at Value		—			(12,760,935	)		—		(12,760,935	)
OTC Options on Securities at Value		—			(478,167	)		—		(478,167	)
Options on Exchange-Traded Futures Contracts at Value		(1,376,000	)		—			—		(1,376,000	)
Total Written Options	$	(1,376,000	)	$	(13,311,125	)	$	—	$	(14,687,125	)
Centrally Cleared Swap Contracts
Centrally Cleared Swap Contracts (Unrealized Appreciation)	$	—		$	10,443,795		$	—	$	10,443,795
Centrally Cleared Swap Contracts (Unrealized Depreciation)		—			(22,724,218	)		—		(22,724,218	)
Total Centrally Cleared Swap Contracts	$	—		$	(12,280,423	)	$	—	$	(12,280,423	)
OTC Swap Contracts
OTC Swap Contracts at Value (Liabilities)	$	—		$	(2,408,284	)	$	—	$	(2,408,284	)

* 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, 2021		Realized Gain/ Loss		Change in Unrealized Appreciation / (Depreciation)			Purchases		Sales			Amortization Premium/ Discount		Balance as of March 31, 2022		Change in Unrealized Appreciation (Depreciation) from Investments Held at March 31, 2022
Mortgage-Backed Securities
Collateralized Mortgage Obligations	$	13,260,674	$	—	$	102,655		$	14,480,375	$	(13,375,781	)	$	—	$	14,467,923	$	(12,452	)
Preferred Stocks
Wireless Telecommunication Services		42,858,168		—		(28,540	)		—		—			—		42,829,628		(28,540	)
Floating Rate Loans
Investment Companies		8,279,263		277		(305,681	)		—		(190,569	)		319		7,783,609		(305,681	)
	$	64,398,105	$	277	$	(231,566	)	$	14,480,375	$	(13,566,350	)	$	319	$	65,081,160	$	(346,673	)

	Fair Value at December 31, 2021		Valuation Technique(s)	Unobservable Input	Range						Weighted Average			Relationship Between Fair Value and Input; if input value increases then Fair Value:
Mortgage-Backed Securities
Collateralized Mortgage Obligations	$	14,467,923	Proxy Priced	Base Security Price	$	95.27		$	95.27		$	95.27		Increases
				Change in Proxy Security Value		(0.09	)%		(0.09	)%		(0.09	)%	Increases
Preferred Stock
Wireless Telecommunication Services		42,829,628	Discounted Cash Flow	Discount Rate		4.04	%		4.04	%		4.04	%	Decreases
				Comparable Yield Change Since Issue		0.79	%		0.79	%		0.79	%	Decreases
Floating Rate Loans
Investment Companies		7,783,609	Discounted Cash Flow	Discount Rate		4.06	%		4.06	%		4.06	%	Decreases
				Benchmark Yield Change Since Issue		1.00	%		1.00	%		1.00	%	Decreases

BHFTI-332

Brighthouse Funds Trust I

Schroders Global Multi-Asset Portfolio

Consolidated Schedule of Investments as of March 31, 2022 (Unaudited)

Common Stocks—52.3% of Net Assets

Security Description	Shares		Value
Aerospace & Defense—0.4%
Airbus SE (a)		4,048	$	489,296
BAE Systems plc		30,712		289,505
Boeing Co. (The) (a)		2,968		568,372
General Dynamics Corp.		2,783		671,204
HEICO Corp.		738		113,313
Howmet Aerospace, Inc.		2,181		78,385
Huntington Ingalls Industries, Inc.		527		105,105
L3Harris Technologies, Inc.		1,686		418,920
Lockheed Martin Corp.		2,978		1,314,489
Raytheon Technologies Corp.		9,446		935,815
Safran S.A.		2,293		269,497
TransDigm Group, Inc. (a) (b)		503		327,725
				5,581,626
Air Freight & Logistics—0.3%
Atlas Air Worldwide Holdings, Inc. (a) (b)		932		80,497
DSV A/S		3,602		688,762
FedEx Corp.		2,271		525,487
United Parcel Service, Inc. - Class B (b)		10,511		2,254,189
				3,548,935
Airlines—0.0%
Southwest Airlines Co. (a)		10,028		459,282
Auto Components—0.1%
Adient plc (a) (b)		2,529		103,107
Aisin Corp. (b)		4,500		153,754
Aptiv plc (a)		2,215		265,158
BorgWarner, Inc. (b)		5,719		222,469
Continental AG (a)		1,578		113,823
Faurecia SE		3,795		98,172
Lear Corp.		1,324		188,789
Magna International, Inc.		3,625		232,726
NGK Spark Plug Co., Ltd.		7,200		115,870
				1,493,868
Automobiles—1.1%
Ferrari NV		1,033		225,900
Ford Motor Co.		34,400		581,704
General Motors Co. (a)		27,360		1,196,727
Harley-Davidson, Inc.		2,821		111,147
Honda Motor Co., Ltd.		34,500		980,359
Isuzu Motors, Ltd.		15,900		205,416
Kia Corp.		2,512		152,558
Mazda Motor Corp.		19,700		145,733
Mercedes-Benz Group AG		7,498		526,634
Stellantis NV (Milan-Traded Shares)		34,685		562,469
Subaru Corp.		12,500		198,575
Suzuki Motor Corp. (b)		4,400		150,824
Tesla, Inc. (a) (b)		6,746		7,269,490
Thor Industries, Inc. (b)		1,608		126,550
Toyota Motor Corp.		109,000		1,952,572
Winnebago Industries, Inc. (b)		980		52,949
Yamaha Motor Co., Ltd.		7,300		163,600
				14,603,207
Banks—2.9%
ABN AMRO Bank NV		10,785		137,973
Australia & New Zealand Banking Group, Ltd.		30,061		616,020
Banco Bilbao Vizcaya Argentaria S.A. (b)		46,572		266,288
Banco Santander S.A.		124,950		423,951
Bank of America Corp.		76,684		3,160,915
Bank of Montreal (b)		11,505		1,353,838
Bank of Nova Scotia (The)		8,887		636,944
Bank OZK (b)		2,862		122,207
Barclays plc		343,669		667,615
BNP Paribas S.A.		14,516		826,501
Citigroup, Inc.		21,873		1,168,018
Commonwealth Bank of Australia		11,095		871,209
DBS Group Holdings, Ltd.		9,300		244,500
Erste Group Bank AG		9,205		333,850
Fifth Third Bancorp		5,221		224,712
HSBC Holdings plc		30,000		205,110
HSBC Holdings plc (Hong Kong-Traded Shares)		205,178		1,405,889
ING Groep NV		63,843		667,209
Intesa Sanpaolo S.p.A.		159,846		365,361
JPMorgan Chase & Co.		59,256		8,077,778
Lloyds Banking Group plc		1,138,851		697,202
Mitsubishi UFJ Financial Group, Inc.		177,600		1,102,394
Mizuho Financial Group, Inc. (b)		44,090		564,349
National Australia Bank, Ltd.		31,753		762,769
National Bank of Canada		4,190		321,184
NatWest Group plc		96,936		272,760
Nordea Bank Abp		25,192		259,420
Oversea-Chinese Banking Corp., Ltd.		13,400		121,793
PNC Financial Services Group, Inc. (The)		2,960		545,972
Powszechna Kasa Oszczednosci Bank Polski S.A. (a)		6,717		63,155
Regions Financial Corp.		12,124		269,880
Royal Bank of Canada		15,389		1,694,310
Signature Bank		3,029		888,981
Skandinaviska Enskilda Banken AB - Class A		21,239		229,977
Societe Generale S.A.		16,845		450,632
Standard Chartered plc		70,972		470,640
Sumitomo Mitsui Financial Group, Inc.		8,500		271,271
Toronto-Dominion Bank (The) (b)		25,450		2,019,266
Truist Financial Corp.		19,841		1,124,985
U.S. Bancorp		47,174		2,507,298
UniCredit S.p.A.		21,766		235,007
Wells Fargo & Co.		22,285		1,079,931
Westpac Banking Corp.		31,426		565,918
				38,294,982
Beverages—1.0%
Anheuser-Busch InBev S.A.		6,322		379,189
Britvic plc		9,207		97,238
Brown-Forman Corp. - Class B		2,595		173,917
Coca-Cola Co. (The)		45,453		2,818,086
Diageo plc		42,599		2,153,090
Monster Beverage Corp. (a)		11,797		942,580
PepsiCo, Inc.		35,579		5,955,213
Pernod Ricard S.A.		3,950		866,322
				13,385,635

BHFTI-333

Brighthouse Funds Trust I

Schroders Global Multi-Asset Portfolio

Consolidated Schedule of Investments as of March 31, 2022 (Unaudited)

Common Stocks—(Continued)

Security Description	Shares		Value
Biotechnology—0.7%
AbbVie, Inc.		17,240	$	2,794,776
Alnylam Pharmaceuticals, Inc. (a) (b)		1,563		255,222
Amgen, Inc.		8,501		2,055,712
Argenx SE (a)		733		230,490
Biogen, Inc. (a)		1,072		225,763
BioNTech SE (ADR) (a)		341		58,161
CSL, Ltd.		3,206		636,702
Exact Sciences Corp. (a) (b)		1,397		97,678
Gilead Sciences, Inc.		6,893		409,789
Horizon Therapeutics plc (a)		5,137		540,464
Incyte Corp. (a)		2,047		162,573
Moderna, Inc. (a) (b)		2,000		344,520
Novavax, Inc. (a) (b)		831		61,203
Regeneron Pharmaceuticals, Inc. (a)		1,337		933,788
United Therapeutics Corp. (a)		1,096		196,633
Vertex Pharmaceuticals, Inc. (a)		1,882		491,146
				9,494,620
Building Products—0.4%
AGC, Inc.		2,500		99,917
Allegion plc		5,082		557,902
Assa Abloy AB - Class B		15,595		420,496
Builders FirstSource, Inc. (a)		1,775		114,558
Cie de Saint-Gobain		13,925		828,678
Daikin Industries, Ltd.		3,400		619,055
Geberit AG		315		193,917
JELD-WEN Holding, Inc. (a)		2,455		49,787
Johnson Controls International plc		20,069		1,315,924
Masco Corp.		7,382		376,482
Owens Corning		1,445		132,217
Trane Technologies plc		2,982		455,351
Xinyi Glass Holdings, Ltd.		40,000		96,092
				5,260,376
Capital Markets—2.2%
Affiliated Managers Group, Inc.		1,715		241,729
AJ Bell plc		8,180		32,508
Ameriprise Financial, Inc.		2,580		774,929
Anima Holding S.p.A.		12,738		57,143
Artisan Partners Asset Management, Inc. - Class A		2,726		107,268
Azimut Holding S.p.A.		2,002		46,464
Bank of New York Mellon Corp. (The)		16,049		796,512
BlackRock, Inc.		2,646		2,021,994
Blackstone Group, Inc. (The)		4,342		551,173
Bolsa Mexicana de Valores S.A.B. de C.V.		22,500		47,783
Brookfield Asset Management, Inc. - Class A (b)		11,652		658,772
Charles Schwab Corp. (The)		36,034		3,038,027
CI Financial Corp.		10,349		164,405
CME Group, Inc. (b)		2,280		542,321
Credit Suisse Group AG		54,407		429,277
Deutsche Bank AG (a)		31,604		403,554
Evercore, Inc. - Class A		206		22,932
FactSet Research Systems, Inc.		1,725		748,909
Federated Hermes, Inc. (b)		8,376		285,287
Franklin Resources, Inc. (b)		6,634		185,221
Goldman Sachs Group, Inc. (The) (b)		1,919		633,462
Capital Markets—(Continued)
Hamilton Lane, Inc. - Class A (b)		1,710		132,166
Hargreaves Lansdown plc		15,563		205,045
Hong Kong Exchanges & Clearing, Ltd.		11,400		537,247
Houlihan Lokey, Inc.		2,888		253,566
IG Group Holdings plc		20,429		219,235
IGM Financial, Inc.		1,884		66,565
Intercontinental Exchange, Inc.		4,386		579,478
Invesco, Ltd.		8,719		201,060
Janus Henderson Group plc		2,991		104,745
Julius Baer Group, Ltd.		5,822		337,715
London Stock Exchange Group plc		2,570		268,503
Macquarie Group, Ltd.		4,622		695,281
Man Group plc		48,044		146,442
Moody’s Corp. (b)		9,794		3,304,594
Morgan Stanley		40,679		3,555,345
MSCI, Inc.		508		255,463
Nasdaq, Inc.		5,887		1,049,063
Nomura Holdings, Inc.		43,000		180,191
Northern Trust Corp.		2,285		266,088
Partners Group Holding AG		304		377,680
Rathbones Group plc		2,180		56,484
S&P Global, Inc. (b)		4,252		1,744,085
SEI Investments Co.		3,111		187,313
State Street Corp. (b)		9,631		839,053
T. Rowe Price Group, Inc.		4,118		622,600
UBS Group AG		61,360		1,198,791
				29,173,468
Chemicals—1.0%
Air Liquide S.A.		9,761		1,707,582
Air Products & Chemicals, Inc.		1,686		421,348
Albemarle Corp.		1,376		304,302
Asahi Kasei Corp.		8,400		72,713
BASF SE		9,006		513,565
Celanese Corp.		717		102,438
Chemours Co. (The)		2,937		92,457
Chr Hansen Holding A/S		2,290		168,285
Corteva, Inc.		34,356		1,974,783
Covestro AG		2,261		114,244
Denka Co., Ltd.		2,100		58,370
Dow, Inc.		7,385		470,572
DuPont de Nemours, Inc.		5,913		435,079
Ecolab, Inc.		2,013		355,415
Givaudan S.A.		162		666,863
Huntsman Corp.		4,044		151,690
International Flavors & Fragrances, Inc.		1,265		166,132
Johnson Matthey plc		5,356		131,243
Linde plc		3,314		1,058,591
LyondellBasell Industries NV - Class A		2,739		281,624
Mitsubishi Gas Chemical Co., Inc. (b)		5,400		91,683
Mosaic Co. (The)		4,563		303,440
Nutrien, Ltd.		1,011		104,501
RPM International, Inc. (b)		1,426		116,133
Sherwin-Williams Co. (The) (b)		5,459		1,362,676
Shin-Etsu Chemical Co., Ltd.		2,900		441,917
Sika AG		1,842		606,859

BHFTI-334

Brighthouse Funds Trust I

Schroders Global Multi-Asset Portfolio

Consolidated Schedule of Investments as of March 31, 2022 (Unaudited)

Common Stocks—(Continued)

Security Description	Shares		Value
Chemicals—(Continued)
Solvay S.A.		990	$	97,470
Tosoh Corp.		5,600		82,814
Wacker Chemie AG		433		74,331
Westlake Corp. (b)		1,165		143,761
Yara International ASA		5,053		251,979
				12,924,860
Commercial Services & Supplies—0.2%
Cintas Corp.		690		293,519
Republic Services, Inc.		7,336		972,020
Waste Management, Inc.		12,061		1,911,669
				3,177,208
Communications Equipment—0.3%
Arista Networks, Inc. (a)		7,197		1,000,239
Cisco Systems, Inc.		46,327		2,583,193
F5, Inc. (a)		237		49,521
Juniper Networks, Inc.		3,610		134,148
Nokia Oyj (a)		44,074		242,622
Telefonaktiebolaget LM Ericsson - B Shares		45,737		418,493
				4,428,216
Construction & Engineering—0.1%
Kajima Corp. (b)		9,600		116,914
Obayashi Corp.		19,200		141,179
Taisei Corp.		2,400		69,379
Vinci S.A.		6,161		629,886
				957,358
Construction Materials—0.2%
CRH plc		12,144		486,241
James Hardie Industries plc		9,493		285,680
Vulcan Materials Co.		8,423		1,547,305
				2,319,226
Consumer Finance—0.3%
American Express Co.		13,782		2,577,234
Capital One Financial Corp. (b)		6,754		886,733
Discover Financial Services		5,914		651,664
Synchrony Financial		3,723		129,597
				4,245,228
Containers & Packaging—0.4%
Ball Corp.		18,851		1,696,590
Graphic Packaging Holding Co. (b)		6,873		137,735
International Paper Co. (b)		11,470		529,341
Rengo Co., Ltd.		4,900		31,328
Sealed Air Corp. (b)		23,186		1,552,535
Silgan Holdings, Inc.		3,710		171,513
Smurfit Kappa Group plc		6,514		288,718
Sonoco Products Co.		3,049		190,745
WestRock Co.		2,081		97,869
				4,696,374
Diversified Consumer Services—0.0%
Frontdoor, Inc. (a)		3,210		95,818
H&R Block, Inc.		6,944		180,822
				276,640
Diversified Financial Services—0.3%
Berkshire Hathaway, Inc. - Class B (a) (b)		9,601		3,388,289
Plus500, Ltd.		3,410		63,159
				3,451,448
Diversified Telecommunication Services—0.6%
AT&T, Inc.		110,084		2,601,285
BCE, Inc. (b)		10,016		555,221
Cellnex Telecom S.A.		6,181		296,268
Deutsche Telekom AG		25,822		482,281
Gamma Communications plc		2,311		41,073
Liberty Global plc - Class A (a) (b)		9,509		242,575
Nippon Telegraph & Telephone Corp.		33,000		958,876
Spark New Zealand, Ltd.		113,354		359,140
Swisscom AG		792		475,507
Telecom Italia S.p.A.		257,269		94,466
Verizon Communications, Inc.		48,394		2,465,190
				8,571,882
Electric Utilities—0.7%
Constellation Energy Corp.		3,297		185,456
Duke Energy Corp.		3,664		409,122
Edison International (b)		3,227		226,213
Enel S.p.A.		70,986		474,048
Evergy, Inc.		9,960		680,667
Eversource Energy		5,131		452,503
Exelon Corp. (b)		9,892		471,156
Iberdrola S.A.		51,342		558,824
NextEra Energy, Inc.		39,289		3,328,171
Orsted A/S		2,860		360,136
Red Electrica Corp. S.A.		29,358		602,943
Southern Co. (The)		9,275		672,530
Terna - Rete Elettrica Nazionale		33,599		288,972
				8,710,741
Electrical Equipment—0.5%
ABB, Ltd.		21,206		686,089
Advanced Energy Solution Holding Co., Ltd.		1,000		43,692
AMETEK, Inc.		6,823		908,687
Array Technologies, Inc. (a) (b)		2,928		32,999
Atkore, Inc. (a)		1,930		189,989
Ballard Power Systems, Inc. (a) (b)		7,305		85,020
Eaton Corp. plc		4,348		659,852
Emerson Electric Co.		16,340		1,602,137
Encore Wire Corp.		417		47,567
EnerSys		519		38,702
Generac Holdings, Inc. (a) (b)		1,188		353,145
GrafTech International, Ltd.		4,382		42,155
GS Yuasa Corp.		1,900		36,175
Legrand S.A.		2,542		241,660
Nidec Corp.		4,000		316,903

BHFTI-335

Brighthouse Funds Trust I

Schroders Global Multi-Asset Portfolio

Consolidated Schedule of Investments as of March 31, 2022 (Unaudited)

Common Stocks—(Continued)

Security Description	Shares		Value
Electrical Equipment—(Continued)
Plug Power, Inc. (a) (b)		3,627	$	103,768
Prysmian S.p.A.		2,000		68,127
Regal Rexnord Corp.		723		107,568
Rockwell Automation, Inc. (b)		2,517		704,836
Sensata Technologies Holding plc (a) (b)		7,358		374,154
Shoals Technologies Group, Inc. - Class A (a) (b)		2,816		47,985
Siemens Energy AG (a)		2,798		63,931
Signify NV		2,337		108,971
Vestas Wind Systems A/S		15,400		454,687
				7,318,799
Electronic Equipment, Instruments & Components—0.3%
Arrow Electronics, Inc. (a)		1,477		175,216
Avnet, Inc.		2,978		120,877
Corning, Inc.		15,004		553,798
E Ink Holdings, Inc.		37,000		234,764
Jabil, Inc.		1,172		72,347
Keyence Corp.		1,500		697,392
Keysight Technologies, Inc. (a)		1,272		200,938
Murata Manufacturing Co., Ltd.		6,000		396,634
Nan Ya Printed Circuit Board Corp.		5,000		90,345
Simplo Technology Co., Ltd.		3,000		32,421
Strix Group plc		8,597		22,778
Vontier Corp.		7,882		200,124
Yokogawa Electric Corp. (b)		13,900		237,134
Zebra Technologies Corp. - Class A (a)		2,811		1,162,911
				4,197,679
Energy Equipment & Services—0.3%
Schlumberger NV		88,671		3,662,999
Entertainment—0.5%
Activision Blizzard, Inc.		15,613		1,250,757
AMC Entertainment Holdings, Inc. - Class A (a) (b)		3,964		97,673
Electronic Arts, Inc.		4,290		542,728
International Games System Co., Ltd.		2,000		53,291
Koei Tecmo Holdings Co., Ltd. (b)		6,600		215,832
Liberty Media Corp.-Liberty Formula One - Class C (a) (b)		7,238		505,502
Netflix, Inc. (a)		4,590		1,719,368
Nintendo Co., Ltd.		900		454,107
Roku, Inc. (a) (b)		1,023		128,151
Take-Two Interactive Software, Inc. (a) (b)		1,318		202,629
Walt Disney Co. (The) (a)		15,924		2,184,136
				7,354,174
Equity Real Estate Investment Trusts—0.7%
American Tower Corp. (b)		4,446		1,116,924
Crown Castle International Corp.		2,783		513,742
Daiwa House REIT Investment Corp.		134		360,581
Digital Realty Trust, Inc. (b)		1,953		276,935
Equinix, Inc.		586		434,589
Equity LifeStyle Properties, Inc.		9,287		710,270
Extra Space Storage, Inc.		3,515		722,684
Nippon Building Fund, Inc.		70		397,511
Nippon Prologis REIT, Inc.		120		350,979
Orix JREIT, Inc.		160		216,909
Equity Real Estate Investment Trusts—(Continued)
Park Hotels & Resorts, Inc.		6,488		126,711
ProLogis, Inc. (b)		5,001		807,561
Public Storage (b)		2,276		888,277
Sabra Health Care REIT, Inc.		4,104		61,109
SBA Communications Corp.		992		341,347
Simon Property Group, Inc. (b)		4,726		621,753
Ventas, Inc. (b)		4,609		284,652
Vicinity Centres		56,867		78,629
Welltower, Inc. (b)		5,492		528,001
Weyerhaeuser Co.		12,672		480,269
				9,319,433
Food & Staples Retailing—0.6%
Costco Wholesale Corp.		8,053		4,637,320
Endeavour Group, Ltd.		8,626		46,931
HelloFresh SE (a)		1,494		67,509
Kesko Oyj - B Shares		7,127		196,713
Koninklijke Ahold Delhaize NV		12,732		409,286
Kroger Co. (The)		5,666		325,058
Seven & i Holdings Co., Ltd.		8,800		418,706
Sysco Corp.		4,234		345,706
Walgreens Boots Alliance, Inc. (b)		5,422		242,743
Walmart, Inc.		6,173		919,283
Woolworths Group, Ltd.		8,626		239,588
				7,848,843
Food Products—0.7%
Archer-Daniels-Midland Co.		8,873		800,877
Conagra Brands, Inc. (b)		4,462		149,789
Danone S.A. (b)		6,211		342,151
Darling Ingredients, Inc. (a)		2,234		179,569
General Mills, Inc.		12,466		844,198
Hershey Co. (The)		3,635		787,450
Kraft Heinz Co. (The)		5,308		209,082
Mondelez International, Inc. - Class A		31,426		1,972,924
Nestle S.A. (b)		33,164		4,305,377
				9,591,417
Gas Utilities—0.0%
Enagas S.A.		3,268		72,619
Hong Kong & China Gas Co., Ltd.		245,857		297,392
Osaka Gas Co., Ltd.		6,700		115,026
				485,037
Health Care Equipment & Supplies—1.2%
Abbott Laboratories		20,168		2,387,084
Align Technology, Inc. (a)		1,099		479,164
Baxter International, Inc.		3,917		303,724
Becton Dickinson & Co.		2,067		549,822
Boston Scientific Corp. (a)		12,084		535,200
Coloplast A/S - Class B		1,730		262,013
DexCom, Inc. (a) (b)		1,893		968,459
Edwards Lifesciences Corp. (a)		27,419		3,227,765
Hoya Corp.		4,700		536,325
IDEXX Laboratories, Inc. (a) (b)		3,366		1,841,404

BHFTI-336

Brighthouse Funds Trust I

Schroders Global Multi-Asset Portfolio

Consolidated Schedule of Investments as of March 31, 2022 (Unaudited)

Common Stocks—(Continued)

Security Description	Shares		Value
Health Care Equipment & Supplies—(Continued)
Intuitive Surgical, Inc. (a)		2,472	$	745,753
Koninklijke Philips NV		7,780		238,013
Medtronic plc (b)		12,483		1,384,989
Olympus Corp. (b)		9,600		182,385
ResMed, Inc.		2,506		607,730
Straumann Holding AG		205		328,029
Stryker Corp.		5,696		1,522,826
Sysmex Corp.		2,400		174,275
Zimmer Biomet Holdings, Inc. (b)		1,922		245,824
				16,520,784
Health Care Providers & Services—1.2%
Anthem, Inc.		1,612		791,847
Centene Corp. (a)		4,597		387,022
Cigna Corp.		4,808		1,152,045
CVS Health Corp.		6,622		670,213
DaVita, Inc. (a)		2,831		320,214
HCA Healthcare, Inc.		11,270		2,824,487
Humana, Inc.		949		412,976
McKesson Corp. (b)		1,393		426,439
Select Medical Holdings Corp.		1,373		32,938
UnitedHealth Group, Inc. (b)		16,234		8,278,853
Universal Health Services, Inc. - Class B		983		142,486
				15,439,520
Health Care Technology—0.1%
Cerner Corp.		3,685		344,769
GoodRx Holdings, Inc. - Class A (a) (b)		3,636		70,284
Veeva Systems, Inc. - Class A (a)		1,849		392,838
				807,891
Hotels, Restaurants & Leisure—0.9%
Aristocrat Leisure, Ltd.		16,820		456,013
Booking Holdings, Inc. (a)		1,524		3,579,038
Caesars Entertainment, Inc. (a)		1,939		150,001
Chipotle Mexican Grill, Inc. (a) (b)		242		382,851
Compass Group plc		13,620		293,525
DraftKings, Inc. - Class A (a) (b)		4,349		84,675
Evolution AB		1,627		166,043
Galaxy Entertainment Group, Ltd.		38,000		225,845
InterContinental Hotels Group plc		5,799		392,690
Las Vegas Sands Corp. (a) (b)		4,211		163,682
Marriott International, Inc. - Class A (a)		3,604		633,403
McDonald’s Corp.		9,871		2,440,901
Oriental Land Co., Ltd. (b)		2,300		439,119
Starbucks Corp.		7,013		637,973
Wyndham Hotels & Resorts, Inc. (b)		17,284		1,463,782
Yum! Brands, Inc. (b)		3,332		394,942
				11,904,483
Household Durables—0.4%
DR Horton, Inc.		7,482		557,484
Iida Group Holdings Co., Ltd.		3,100		53,661
Lennar Corp. - Class A (b)		5,099		413,886
LG Electronics, Inc.		692		68,289
Household Durables—(Continued)
MDC Holdings, Inc.		2,106		79,691
Meritage Homes Corp. (a)		1,113		88,183
NVR, Inc. (a)		191		853,249
Panasonic Corp.		21,100		204,335
PulteGroup, Inc.		2,632		110,281
Sekisui Chemical Co., Ltd. (b)		22,900		327,985
Sony Group Corp.		7,700		794,725
Sumitomo Forestry Co., Ltd.		3,100		54,728
Taylor Morrison Home Corp. (a)		2,032		55,311
Toll Brothers, Inc.		1,658		77,959
TopBuild Corp. (a) (b)		5,029		912,210
TRI Pointe Group, Inc. (a)		3,468		69,637
Whirlpool Corp. (b)		800		138,224
				4,859,838
Household Products—0.7%
Clorox Co. (The) (b)		690		95,931
Colgate-Palmolive Co. (b)		17,733		1,344,693
Essity AB - Class B (b)		25,528		601,477
Kimberly-Clark Corp. (b)		7,042		867,293
Kimberly-Clark de Mexico S.A.B. de C.V. - Class A		83,000		117,051
Procter & Gamble Co. (The)		34,418		5,259,070
Reckitt Benckiser Group plc		5,384		411,537
				8,697,052
Independent Power and Renewable Electricity Producers—0.0%
Drax Group plc		16,428		169,109
Engie Brasil Energia S.A.		10,100		91,728
				260,837
Industrial Conglomerates—0.4%
3M Co.		14,328		2,133,153
General Electric Co.		6,328		579,012
Hitachi, Ltd.		10,500		526,139
Honeywell International, Inc.		3,817		742,712
Roper Technologies, Inc.		1,985		937,376
Siemens AG		5,004		693,365
				5,611,757
Insurance—1.1%
Admiral Group plc		3,663		122,707
Aegon NV		36,788		194,148
Ageas SA		3,492		175,737
AIA Group, Ltd.		76,000		795,677
Alleghany Corp. (a) (b)		755		639,485
Allianz SE		3,408		813,811
Allstate Corp. (The)		1,811		250,842
American International Group, Inc.		4,792		300,794
Aon plc - Class A		1,413		460,115
Arch Capital Group, Ltd. (a) (b)		3,502		169,567
ASR Nederland NV		2,972		138,094
Assured Guaranty, Ltd.		3,201		203,776
Aviva plc		30,658		180,972
AXA S.A.		24,188		706,384
Axis Capital Holdings, Ltd.		1,403		84,839

BHFTI-337

Brighthouse Funds Trust I

Schroders Global Multi-Asset Portfolio

Consolidated Schedule of Investments as of March 31, 2022 (Unaudited)

Common Stocks—(Continued)

Security Description	Shares		Value
Insurance—(Continued)
Chubb, Ltd.		7,251	$	1,550,989
Everest Re Group, Ltd.		809		243,816
Fairfax Financial Holdings, Ltd.		357		194,764
Hartford Financial Services Group, Inc. (The)		2,408		172,918
Legal & General Group plc		99,171		351,648
Lincoln National Corp.		3,037		198,498
Loews Corp.		13,596		881,293
Manulife Financial Corp.		45,337		966,832
Markel Corp. (a) (b)		438		646,155
Marsh & McLennan Cos., Inc.		7,549		1,286,501
Muenchener Rueckversicherungs-Gesellschaft AG		946		253,402
NN Group NV		4,819		242,881
Old Republic International Corp.		5,674		146,786
Primerica, Inc.		1,592		217,817
Progressive Corp. (The) (b)		4,503		513,297
Prudential Financial, Inc. (b)		2,650		313,151
Prudential plc		21,257		314,004
Reinsurance Group of America, Inc.		1,127		123,361
RenaissanceRe Holdings, Ltd.		1,216		192,748
Unum Group		6,591		207,682
Willis Towers Watson plc (b)		931		219,921
Zurich Insurance Group AG		1,598		787,860
				15,263,272
Interactive Media & Services—2.4%
Alphabet, Inc. - Class A (a)		4,822		13,411,670
Alphabet, Inc. - Class C (a)		4,281		11,956,790
Auto Trader Group plc		53,706		444,586
IAC/InterActiveCorp. (a)		1,233		123,645
Match Group, Inc. (a) (b)		3,617		393,313
Meta Platforms, Inc. - Class A (a)		22,893		5,090,488
Pinterest, Inc. - Class A (a)		3,582		88,153
Snap, Inc. - Class A (a) (b)		7,369		265,210
Twitter, Inc. (a) (b)		5,709		220,881
				31,994,736
Internet & Direct Marketing Retail—1.6%
Amazon.com, Inc. (a)		5,825		18,989,209
Delivery Hero SE (a)		1,180		51,977
eBay, Inc. (b)		11,907		681,795
Etsy, Inc. (a) (b)		1,764		219,230
Just Eat Takeaway.com NV (a)		3,704		124,328
MercadoLibre, Inc. (a) (b)		267		317,591
Mercari, Inc. (a) (b)		4,000		103,728
Moneysupermarket.com Group plc		11,567		28,820
Prosus NV		7,029		372,096
Revolve Group, Inc. (a) (b)		1,026		55,086
Wayfair, Inc. - Class A (a) (b)		479		53,064
				20,996,924
IT Services—2.1%
Accenture plc - Class A		10,004		3,373,649
Amadeus IT Group S.A. (a)		3,798		247,387
Amdocs, Ltd.		6,797		558,781
Automatic Data Processing, Inc.		8,767		1,994,843
Block, Inc. (a) (b)		7,344		995,846
IT Services—(Continued)
Cloudflare, Inc. - Class A (a)		2,074		248,258
Cognizant Technology Solutions Corp. - Class A		4,078		365,674
Edenred		7,633		377,342
EVERTEC, Inc.		1,970		80,632
Fidelity National Information Services, Inc.		5,589		561,247
Fiserv, Inc. (a)		4,272		433,181
Fujitsu, Ltd.		2,000		298,165
Gartner, Inc. (a)		696		207,032
Global Payments, Inc.		4,018		549,823
Infosys, Ltd. (ADR)		10,752		267,617
International Business Machines Corp.		5,208		677,144
Jack Henry & Associates, Inc.		1,526		300,698
MasterCard, Inc. - Class A (b)		14,013		5,007,966
MongoDB, Inc. (a) (b)		419		185,864
Nomura Research Institute, Ltd.		4,400		143,903
Obic Co., Ltd.		1,900		284,693
Okta, Inc. (a) (b)		2,047		309,015
Paychex, Inc.		4,678		638,407
PayPal Holdings, Inc. (a)		14,672		1,696,817
Shopify, Inc. - Class A (a)		674		455,823
Snowflake, Inc. - Class A (a)		1,291		295,807
Twilio, Inc. - Class A (a)		1,445		238,151
VeriSign, Inc. (a)		1,535		341,476
Visa, Inc. - Class A (b)		31,929		7,080,894
Western Union Co. (The) (b)		5,104		95,649
				28,311,784
Leisure Products—0.1%
Brunswick Corp.		359		29,039
Malibu Boats, Inc. - Class A (a) (b)		983		57,024
Peloton Interactive, Inc. - Class A (a) (b)		2,092		55,271
Shimano, Inc.		1,500		343,103
Thule Group AB		6,452		255,149
				739,586
Life Sciences Tools & Services—0.9%
10X Genomics, Inc. - Class A (a) (b)		1,984		150,923
Agilent Technologies, Inc. (b)		4,455		589,530
Bachem Holding AG - Class B		203		111,396
Bio-Techne Corp.		523		226,480
Danaher Corp.		12,790		3,751,691
Illumina, Inc. (a)		2,235		780,909
IQVIA Holdings, Inc. (a)		1,564		361,612
Lonza Group AG		540		391,221
Medpace Holdings, Inc. (a)		641		104,861
Mettler-Toledo International, Inc. (a)		285		391,359
Sartorius Stedim Biotech		348		142,627
Thermo Fisher Scientific, Inc.		5,747		3,394,466
Waters Corp. (a)		1,900		589,741
West Pharmaceutical Services, Inc.		3,149		1,293,326
				12,280,142
Machinery—1.0%
AGCO Corp. (b)		591		86,304
Allison Transmission Holdings, Inc.		3,390		133,091
Atlas Copco AB - A Shares		17,038		884,247

BHFTI-338

Brighthouse Funds Trust I

Schroders Global Multi-Asset Portfolio

Consolidated Schedule of Investments as of March 31, 2022 (Unaudited)

Common Stocks—(Continued)

Security Description	Shares		Value
Machinery—(Continued)
Caterpillar, Inc. (b)		12,758	$	2,842,738
Daimler Truck Holding AG (a)		3,749		104,151
Deere & Co.		6,614		2,747,852
Epiroc AB - A Shares		11,391		243,752
FANUC Corp.		1,200		211,030
Graco, Inc.		3,517		245,205
IDEX Corp.		2,293		439,637
Illinois Tool Works, Inc. (b)		6,478		1,356,493
Komatsu, Ltd.		23,000		551,901
NGK Insulators, Ltd. (b)		6,400		91,372
Otis Worldwide Corp.		9,489		730,179
Parker-Hannifin Corp.		4,453		1,263,583
SMC Corp.		600		335,108
Sumitomo Heavy Industries, Ltd. (b)		3,100		71,230
Techtronic Industries Co., Ltd.		13,500		217,482
Terex Corp.		1,774		63,261
Toro Co. (The)		5,250		448,822
Volvo AB - B Shares		16,501		307,769
				13,375,207
Marine—0.1%
AP Moller - Maersk A/S - Class B		99		298,401
Mitsui OSK Lines, Ltd.		6,600		183,220
Nippon Yusen KK (b)		3,400		297,135
Pacific Basin Shipping, Ltd.		110,000		59,398
SITC International Holdings Co., Ltd.		49,000		172,970
ZIM Integrated Shipping Services, Ltd.		1,558		113,282
				1,124,406
Media—0.5%
AMC Networks, Inc. - Class A (a) (b)		1,067		43,352
Charter Communications, Inc. - Class A (a) (b)		2,433		1,327,250
Comcast Corp. - Class A		73,217		3,428,020
Discovery, Inc. - Class A (a) (b)		16,336		407,093
Fox Corp. - Class A		3,944		155,591
Gray Television, Inc. (b)		2,180		48,113
ITV plc (a)		148,811		159,277
Liberty Broadband Corp. - Class C (a) (b)		3,596		486,611
Metropole Television S.A.		4,087		80,503
Nexstar Media Group, Inc. - Class A (b)		1,145		215,810
Omnicom Group, Inc.		9,383		796,429
ProSiebenSat.1 Media SE		3,040		38,883
RTL Group S.A. (a)		621		34,546
				7,221,478
Metals & Mining—1.0%
Agnico Eagle Mines, Ltd.		4,739		289,992
Alcoa Corp.		866		77,966
Allkem Ltd. (a)		26,367		220,635
AMG Advanced Metallurgical Group NV		2,304		98,842
Anglo American Platinum, Ltd.		288		39,548
Anglo American plc		13,329		687,463
Antofagasta plc		3,915		85,489
APERAM S.A.		975		43,034
ArcelorMittal S.A.		3,735		120,055
Argonaut Gold, Inc. (a)		45,200		88,581
Metals & Mining—(Continued)
B2Gold Corp.		24,859		114,139
Barrick Gold Corp.		17,556		430,562
BHP Group, Ltd.		49,051		1,910,534
BHP Group, Ltd. (London-Traded Shares)		7,783		298,401
BlueScope Steel, Ltd.		6,541		101,075
Boliden AB		1,932		97,973
Dowa Holdings Co., Ltd.		1,300		59,688
First Quantum Minerals, Ltd.		4,257		147,377
Fortescue Metals Group, Ltd.		27,760		426,000
Franco-Nevada Corp.		1,610		256,204
Freeport-McMoRan, Inc.		35,626		1,772,037
Glencore plc		96,443		626,761
HudBay Minerals, Inc.		5,104		40,092
IAMGOLD Corp. (a)		18,249		63,353
IGO, Ltd.		8,461		88,471
Iluka Resources, Ltd.		10,394		87,232
Impala Platinum Holdings, Ltd.		9,033		138,984
Kinross Gold Corp.		23,779		139,614
Lynas Rare Earths, Ltd. (a)		7,149		56,668
Mineral Resources, Ltd.		2,591		101,284
Newmont Corp.		7,772		617,485
Norsk Hydro ASA		12,879		125,496
Nucor Corp. (b)		2,655		394,666
Perseus Mining, Ltd.		96,858		140,479
Pilbara Minerals, Ltd. (a)		34,213		80,074
Rio Tinto plc		19,309		1,531,704
Rio Tinto, Ltd.		6,471		573,223
Schnitzer Steel Industries, Inc. - Class A		930		48,304
Steel Dynamics, Inc. (b)		13,997		1,167,770
Teck Resources, Ltd. - Class B		3,378		136,401
				13,523,656
Multi-Utilities—0.2%
Dominion Energy, Inc.		7,539		640,589
E.ON SE		24,904		289,626
Engie S.A.		17,367		227,654
National Grid plc		35,240		541,275
RWE AG		6,142		267,904
Sempra Energy		4,031		677,692
WEC Energy Group, Inc.		1,918		191,435
				2,836,175
Multiline Retail—0.3%
Dollar General Corp.		6,474		1,441,307
Dollar Tree, Inc. (a) (b)		2,129		340,960
Dollarama, Inc.		12,387		702,506
Kohl’s Corp. (b)		2,042		123,459
Target Corp.		4,178		886,655
Wesfarmers, Ltd.		17,161		644,817
				4,139,704
Oil, Gas & Consumable Fuels—2.4%
Advantage Energy, Ltd. (a)		11,814		82,310
Aker BP ASA		5,681		211,681
APA Corp.		3,359		138,827
ARC Resources, Ltd. (b)		10,326		138,269

BHFTI-339

Brighthouse Funds Trust I

Schroders Global Multi-Asset Portfolio

Consolidated Schedule of Investments as of March 31, 2022 (Unaudited)

Common Stocks—(Continued)

Security Description	Shares		Value
Oil, Gas & Consumable Fuels—(Continued)
Beach Energy, Ltd.		96,174	$	111,265
BP plc		228,023		1,114,356
Canadian Natural Resources, Ltd.		17,088		1,058,099
Chevron Corp.		11,673		1,900,715
ConocoPhillips		71,490		7,149,000
Coterra Energy, Inc.		77,769		2,097,430
Crescent Point Energy Corp.		7,719		55,941
Devon Energy Corp.		5,963		352,592
Diamondback Energy, Inc.		1,341		183,824
Enbridge, Inc. (b)		13,201		607,701
Eni S.p.A.		25,079		367,685
EOG Resources, Inc.		9,993		1,191,465
Equinor ASA		23,424		878,942
Exxon Mobil Corp. (b)		27,643		2,283,035
Harbour Energy plc (a)		9,890		62,906
Hess Corp.		4,872		521,499
HF Sinclair Corp. (b)		4,184		166,732
Imperial Oil, Ltd.		4,011		194,109
Inpex Corp.		30,900		366,922
International Seaways, Inc. (b)		1,912		34,492
Keyera Corp. (b)		10,427		264,314
Kinder Morgan, Inc. (b)		20,478		387,239
Laredo Petroleum, Inc. (a) (b)		600		47,484
Lundin Energy AB		5,804		246,058
Marathon Petroleum Corp. (b)		6,212		531,126
MEG Energy Corp. (a)		6,259		85,463
Neste Oyj		7,140		325,276
Oasis Petroleum, Inc. (b)		662		96,851
OMV AG		3,972		189,401
Ovintiv, Inc.		4,616		249,587
Phillips 66		3,386		292,517
Pioneer Natural Resources Co.		1,406		351,542
Range Resources Corp. (a)		8,477		257,531
Repsol S.A.		29,904		393,210
Shell plc (Euro-Listed Shares)		14,112		388,715
Shell plc		85,083		2,334,997
SM Energy Co.		2,804		109,216
Suncor Energy, Inc.		16,226		528,255
TC Energy Corp. (b)		8,559		482,738
TotalEnergies SE		30,593		1,552,250
Tourmaline Oil Corp.		4,313		198,719
Valero Energy Corp.		3,483		353,664
Vermilion Energy, Inc.		4,853		101,901
Woodside Petroleum, Ltd.		29,115		694,664
				31,732,515
Paper & Forest Products—0.1%
Canfor Corp. (a)		1,511		31,135
Interfor Corp.		1,397		38,854
Louisiana-Pacific Corp.		2,529		157,101
UPM-Kymmene Oyj		8,491		277,067
West Fraser Timber Co., Ltd.		2,725		224,208
				728,365
Personal Products—0.3%
Estee Lauder Cos., Inc. (The) - Class A		3,808		1,036,995
Personal Products—(Continued)
Kao Corp.		5,400		221,679
L’Oreal S.A.		1,801		720,879
Shiseido Co., Ltd.		4,000		202,724
Unilever plc		37,314		1,689,194
				3,871,471
Pharmaceuticals—3.3%
Astellas Pharma, Inc.		51,100		801,060
AstraZeneca plc		16,807		2,228,796
Bayer AG		6,453		441,496
Bristol-Myers Squibb Co.		57,228		4,179,361
Chugai Pharmaceutical Co., Ltd. (b)		5,400		180,594
Daiichi Sankyo Co., Ltd.		12,000		263,261
Eisai Co., Ltd.		2,100		97,320
Eli Lilly and Co.		17,300		4,954,201
GlaxoSmithKline plc		89,143		1,922,274
Jazz Pharmaceuticals plc (a)		2,242		349,012
Johnson & Johnson		50,931		9,026,501
Merck & Co., Inc.		34,571		2,836,551
Novartis AG		27,093		2,376,096
Novo Nordisk A/S - Class B		22,976		2,544,516
Ono Pharmaceutical Co., Ltd.		24,900		625,352
Pfizer, Inc.		98,036		5,075,324
Recordati Industria Chimica e Farmaceutica S.p.A.		4,094		205,815
Roche Holding AG		8,979		3,550,973
Sanofi		19,030		1,940,760
Takeda Pharmaceutical Co., Ltd. (b)		11,400		326,266
Viatris, Inc.		10,100		109,888
Zoetis, Inc.		3,405		642,149
				44,677,566
Professional Services—0.3%
BayCurrent Consulting, Inc.		400		145,024
CoStar Group, Inc. (a)		3,700		246,457
Experian plc		7,183		277,012
Intertek Group plc		4,899		334,555
Recruit Holdings Co., Ltd.		10,400		455,284
RELX plc		42,322		1,318,252
Verisk Analytics, Inc. (b)		1,677		359,934
Wolters Kluwer NV		5,860		623,794
				3,760,312
Real Estate Management & Development—0.1%
CK Asset Holdings, Ltd.		81,954		560,133
Cushman & Wakefield plc (a) (b)		2,484		50,947
Henderson Land Development Co., Ltd.		17,000		70,576
Hongkong Land Holdings, Ltd.		19,600		95,612
Mitsui Fudosan Co., Ltd.		12,500		267,437
Newmark Group, Inc. - Class A		8,598		136,880
Sagax AB - Class B		9,550		288,898
Sun Hung Kai Properties, Ltd.		16,500		196,551
Vonovia SE		4,443		207,742
Wharf Real Estate Investment Co., Ltd.		28,000		138,366
				2,013,142

BHFTI-340

Brighthouse Funds Trust I

Schroders Global Multi-Asset Portfolio

Consolidated Schedule of Investments as of March 31, 2022 (Unaudited)

Common Stocks—(Continued)

Security Description	Shares		Value
Road & Rail—0.9%
ArcBest Corp. (b)		743	$	59,811
Canadian National Railway Co.		11,692		1,568,411
Canadian Pacific Railway, Ltd. (b)		15,377		1,269,127
CSX Corp.		18,087		677,358
Norfolk Southern Corp.		2,209		630,051
Odakyu Electric Railway Co., Ltd. (b)		10,600		176,011
Old Dominion Freight Line, Inc. (b)		1,082		323,172
Uber Technologies, Inc. (a)		25,144		897,138
Union Pacific Corp. (b)		19,524		5,334,152
XPO Logistics, Inc. (a) (b)		11,426		831,813
				11,767,044
Semiconductors & Semiconductor Equipment—2.8%
Advanced Micro Devices, Inc. (a)		22,817		2,494,811
Amkor Technology, Inc. (b)		1,825		39,639
Analog Devices, Inc. (b)		6,716		1,109,349
Applied Materials, Inc.		10,438		1,375,728
ASM International NV		521		188,863
ASML Holding NV		3,199		2,133,731
Axcelis Technologies, Inc. (a)		829		62,614
BE Semiconductor Industries NV		2,557		217,670
Broadcom, Inc.		4,282		2,696,290
Canadian Solar, Inc. (a)		869		30,728
DB HiTek Co., Ltd.		1,042		63,878
Enphase Energy, Inc. (a)		2,617		528,058
First Solar, Inc. (a) (b)		10,642		891,161
Infineon Technologies AG		12,229		417,784
Intel Corp.		20,176		999,923
KLA Corp.		3,036		1,111,358
Kulicke & Soffa Industries, Inc.		2,354		131,871
Lam Research Corp.		3,915		2,104,743
Lasertec Corp.		600		100,874
Marvell Technology, Inc.		13,354		957,615
MediaTek, Inc.		3,000		93,537
Microchip Technology, Inc.		10,728		806,102
Micron Technology, Inc.		14,454		1,125,822
NVIDIA Corp.		25,199		6,875,799
NXP Semiconductors NV		3,994		739,210
Parade Technologies, Ltd.		2,000		125,013
Power Integrations, Inc. (b)		1,345		124,655
Qorvo, Inc. (a)		1,392		172,747
QUALCOMM, Inc.		13,584		2,075,907
Renesas Electronics Corp. (a)		5,700		65,956
SCREEN Holdings Co., Ltd.		600		59,904
Shinko Electric Industries Co., Ltd.		1,600		75,554
Silergy Corp.		1,000		117,787
SK Hynix, Inc.		877		83,949
Skyworks Solutions, Inc.		3,837		511,395
SolarEdge Technologies, Inc. (a) (b)		1,073		345,903
Synaptics, Inc. (a)		601		119,899
Taiwan Semiconductor Manufacturing Co., Ltd. (ADR)		2,890		301,311
Texas Instruments, Inc. (b)		27,795		5,099,827
Tokyo Electron, Ltd.		1,800		924,254
Tokyo Seimitsu Co., Ltd.		1,700		67,504
				37,568,723
Software—3.9%
Adobe, Inc. (a)		8,039		3,662,729
Autodesk, Inc. (a)		2,585		554,095
Bill.com Holdings, Inc. (a) (b)		599		135,847
Black Knight, Inc. (a)		2,984		173,042
Blackberry, Ltd. (a) (b)		9,574		70,992
Check Point Software Technologies, Ltd. (a)		5,293		731,810
Constellation Software, Inc.		703		1,201,705
Crowdstrike Holdings, Inc. - Class A (a)		7,197		1,634,295
Datadog, Inc. - Class A (a)		2,027		307,030
DocuSign, Inc. (a)		1,737		186,067
Dropbox, Inc. - Class A (a)		6,092		141,639
Fortinet, Inc. (a)		2,016		688,948
HubSpot, Inc. (a) (b)		526		249,818
Intuit, Inc.		5,634		2,709,053
Microsoft Corp.		98,899		30,491,551
Nice, Ltd. (ADR) (a) (b)		1,068		233,892
NortonLifeLock, Inc. (b)		6,203		164,504
Oracle Corp.		26,891		2,224,692
Oracle Corp. Japan		1,500		104,168
Palantir Technologies, Inc. - Class A (a)		10,555		144,920
Palo Alto Networks, Inc. (a) (b)		1,285		799,925
Progress Software Corp. (b)		1,383		65,125
Qualys, Inc. (a)		977		139,135
RingCentral, Inc. - Class A (a)		739		86,618
Salesforce.com, Inc. (a)		9,872		2,096,023
SAP SE		5,576		622,188
ServiceNow, Inc. (a)		1,159		645,435
Splunk, Inc. (a)		1,455		216,228
SS&C Technologies Holdings, Inc.		4,036		302,781
Trade Desk, Inc. (The) - Class A (a)		3,219		222,916
Workday, Inc. - Class A (a)		2,098		502,387
Zoom Video Communications, Inc. - Class A (a)		1,311		153,689
Zscaler, Inc. (a)		1,570		378,810
				52,042,057
Specialty Retail—1.1%
American Eagle Outfitters, Inc. (b)		3,996		67,133
AutoNation, Inc. (a)		1,402		139,611
AutoZone, Inc. (a) (b)		686		1,402,582
Burlington Stores, Inc. (a) (b)		4,059		739,428
Carvana Co. (a) (b)		639		76,226
Fast Retailing Co., Ltd.		600		308,236
Floor & Decor Holdings, Inc. - Class A (a) (b)		8,945		724,545
Group 1 Automotive, Inc. (b)		385		64,615
H & M Hennes & Mauritz AB - B Shares (b)		6,358		84,909
Hibbett Sports, Inc.		630		27,934
Home Depot, Inc. (The)		15,250		4,564,783
Industria de Diseno Textil S.A.		12,058		262,368
Lithia Motors, Inc. (b)		152		45,618
Lowe’s Cos., Inc.		4,055		819,880
O’Reilly Automotive, Inc. (a)		3,473		2,378,866
Pets at Home Group plc		15,624		73,934
Ross Stores, Inc.		3,388		306,479
Signet Jewelers, Ltd. (b)		1,078		78,371
TJX Cos., Inc. (The)		9,719		588,777
Tractor Supply Co.		6,640		1,549,577
				14,303,872

BHFTI-341

Brighthouse Funds Trust I

Schroders Global Multi-Asset Portfolio

Consolidated Schedule of Investments as of March 31, 2022 (Unaudited)

Common Stocks—(Continued)

Security Description	Shares		Value
Technology Hardware, Storage & Peripherals—2.6%
Apple, Inc.		186,006	$	32,478,508
FUJIFILM Holdings Corp.		900		55,059
Hewlett Packard Enterprise Co.		15,808		264,152
HP, Inc. (b)		23,986		870,692
NetApp, Inc.		5,573		462,559
Seagate Technology Holdings plc		6,336		569,606
Western Digital Corp. (a)		3,386		168,115
				34,868,691
Textiles, Apparel & Luxury Goods—0.7%
Adidas AG		1,245		290,728
Cie Financiere Richemont S.A. - Class A		3,881		492,299
Crocs, Inc. (a)		3,716		283,902
Deckers Outdoor Corp. (a) (b)		3,495		956,826
EssilorLuxottica S.A. (b)		2,871		524,087
Hanesbrands, Inc. (b)		6,045		90,010
Kering S.A.		623		393,548
Lululemon Athletica, Inc. (a)		4,242		1,549,306
LVMH Moet Hennessy Louis Vuitton SE		1,620		1,153,553
Moncler S.p.A.		2,868		159,718
NIKE, Inc. - Class B (b)		19,367		2,606,023
Pandora A/S		1,601		151,470
Tapestry, Inc. (b)		2,147		79,761
VF Corp.		3,386		192,528
				8,923,759
Thrifts & Mortgage Finance—0.0%
Essent Group, Ltd.		2,574		106,075
MGIC Investment Corp.		7,230		97,967
NMI Holdings, Inc. - Class A (a) (b)		2,170		44,745
Radian Group, Inc.		6,172		137,080
				385,867
Tobacco—0.2%
Altria Group, Inc.		12,360		645,810
British American Tobacco plc		15,293		639,651
Imperial Brands plc		11,578		243,787
Philip Morris International, Inc.		8,539		802,154
Swedish Match AB		30,010		225,736
				2,557,138
Trading Companies & Distributors—0.4%
Air Lease Corp.		1,300		58,045
Ashtead Group plc		7,834		493,841
Boise Cascade Co. (b)		1,519		105,525
Fastenal Co. (b)		11,621		690,287
Ferguson plc		2,949		400,297
Herc Holdings, Inc.		581		97,079
ITOCHU Corp.		9,000		305,298
Marubeni Corp.		16,500		192,498
Mitsui & Co., Ltd.		34,700		945,218
Rexel S.A.		5,416		115,377
Sumitomo Corp. (b)		28,700		497,670
Toromont Industries, Ltd.		3,497		331,504
Toyota Tsusho Corp.		2,100		86,408
Trading Companies & Distributors—(Continued)
Triton International, Ltd.		1,536		107,797
WESCO International, Inc. (a)		508		66,111
WW Grainger, Inc.		1,663		857,759
				5,350,714
Transportation Infrastructure—0.0%
Grupo Aeroportuario del Pacifico S.A.B. de C.V. (ADR)		751		121,084
Water Utilities—0.0%
American Water Works Co., Inc.		3,648		603,853
Wireless Telecommunication Services—0.2%
KDDI Corp. (b)		39,700		1,303,998
SoftBank Group Corp.		10,300		463,264
T-Mobile U.S., Inc. (a) (b)		2,923		375,167
Vodacom Group, Ltd.		21,308		232,865
Vodafone Group plc		182,019		298,633
				2,673,927
Total Common Stocks (Cost $582,635,624)				698,692,893
Corporate Bonds & Notes—36.4%
Aerospace/Defense—0.3%
Boeing Co. (The) 2.196%, 02/04/26		4,301,000		4,066,236
Agriculture—0.3%
Altria Group, Inc. 5.800%, 02/14/39 (b)		1,171,000		1,262,106
BAT Capital Corp. 4.390%, 08/15/37 (b)		1,303,000		1,211,682
Bunge, Ltd. Finance Corp. 2.750%, 05/14/31 (b)		1,865,000		1,715,686
				4,189,474
Auto Manufacturers—0.5%
Ford Motor Credit Co. LLC 2.700%, 08/10/26 (b)		3,043,000		2,830,021
General Motors Co. 6.125%, 10/01/25		3,125,000		3,354,754
				6,184,775
Auto Parts & Equipment—0.0%
Aptiv plc 3.250%, 03/01/32 (b)		609,000		577,209
Banks—8.8%
Banco Santander S.A. 2.749%, 12/03/30 (b)		2,200,000		1,936,209
Bank of America Corp. 1.898%, SOFR + 1.530%, 07/23/31 (b) (c)		2,914,000		2,544,712
2.884%, 3M LIBOR + 1.190%, 10/22/30 (b) (c)		12,460,000		11,815,596
4.375%, 5Y H15 + 2.760%, 01/27/27 (b) (c)		6,776,000		6,368,085

BHFTI-342

Brighthouse Funds Trust I

Schroders Global Multi-Asset Portfolio

Consolidated Schedule of Investments as of March 31, 2022 (Unaudited)

Corporate Bonds & Notes—(Continued)

Security Description	Principal Amount*		Value
Banks—(Continued)
Bank of Ireland Group plc 2.029%, 1Y H15 + 1.100%, 09/30/27 (144A) (b) (c)		5,646,000	$	5,113,413
BPCE S.A. 2.277%, SOFR + 1.312%, 01/20/32 (144A) (b) (c)		2,741,000		2,406,973
Citigroup, Inc. 2.666%, SOFR + 1.146%, 01/29/31 (c)		10,854,000		10,056,138
Credit Suisse Group AG 1.305%, SOFR + 0.980%, 02/02/27 (144A) (b) (c)		1,000,000		894,396
2.593%, SOFR + 1.560%, 09/11/25 (144A) (b) (c)		2,281,000		2,203,468
3.091%, SOFR + 1.730%, 05/14/32 (144A) (b) (c)		2,800,000		2,525,312
4.550%, 04/17/26		545,000		554,415
Deutsche Bank AG 2.311%, SOFR + 1.219%, 11/16/27 (c)		2,642,000		2,421,172
3.742%, SOFR + 2.257%, 01/07/33 (b) (c)		1,959,000		1,731,365
Goldman Sachs Group, Inc. (The) 1.948%, SOFR + 0.913%, 10/21/27 (b) (c)		6,856,000		6,371,615
JPMorgan Chase & Co. 2.956%, SOFR + 2.515%, 05/13/31 (c)		550,000		514,633
JPMorgan Chase & Co. 1.578%, SOFR + 0.885%, 04/22/27 (c)		2,000,000		1,862,756
1.953%, SOFR + 1.065%, 02/04/32 (c)		1,902,000		1,666,157
3.650%, 5Y H15 + 2.850%, 06/01/26 (b) (c)		3,063,000		2,863,905
Lloyds Banking Group plc 2.438%, 1Y H15 + 1.000%, 02/05/26 (b) (c)		2,107,000		2,031,767
3.750%, 1Y H15 + 1.800%, 03/18/28 (c)		1,503,000		1,498,601
M&T Bank Corp. 5.125%, 3M LIBOR + 3.520%, 11/01/26 (b) (c)		1,654,000		1,654,000
Manufacturers & Traders Trust Co. 3.400%, 08/17/27 (b)		4,596,000		4,580,581
Morgan Stanley 2.699%, SOFR + 1.143%, 01/22/31 (c)		4,389,000		4,118,490
4.350%, 09/08/26		2,373,000		2,444,133
NatWest Group plc 3.073%, 1Y H15 + 2.550%, 05/22/28 (b) (c)		2,333,000		2,239,405
4.800%, 04/05/26		1,708,000		1,765,745
Santander Holdings USA, Inc. 3.500%, 06/07/24		1,742,000		1,746,709
Santander UK Group Holdings plc 1.532%, 1Y H15 + 1.250%, 08/21/26 (c)		1,154,000		1,060,800
Societe Generale S.A. 1.792%, 1Y H15 + 1.000%, 06/09/27 (144A) (c)		1,538,000		1,385,846
2.797%, 1Y H15 + 1.300%, 01/19/28 (144A) (c)		1,449,000		1,356,115
Truist Financial Corp. 4.800%, 5Y H15 + 3.003%, 09/01/24 (b) (c)		10,078,000		9,901,635
UBS Group AG 1.364%, 1Y H15 + 1.080%, 01/30/27 (144A) (c)		1,424,000		1,308,224
3.126%, 3M LIBOR + 1.468%, 08/13/30 (144A) (c)		1,378,000		1,324,549
UniCredit S.p.A. 1.982%, 1Y H15 + 1.200%, 06/03/27 (144A) (c)		2,487,000		2,241,736
Wells Fargo & Co. 3.196%, 3M LIBOR + 1.170%, 06/17/27 (c)		8,411,000		8,300,229
3.350%, SOFR + 1.500%, 03/02/33 (b) (c)		3,700,000		3,595,818
3.900%, 5Y H15 + 3.453%, 03/15/26 (b) (c)		1,184,000		1,134,923
				117,539,626
Beverages—1.0%
Anheuser-Busch InBev Worldwide, Inc. 4.439%, 10/06/48 (b)		9,294,000		9,728,952
Coca-Cola Co. (The) 2.875%, 05/05/41 (b)		2,880,000		2,659,577
JDE Peet’s NV 2.250%, 09/24/31 (144A)		1,519,000		1,320,650
				13,709,179
Building Materials—0.2%
Carrier Global Corp. 2.700%, 02/15/31 (b)		2,000,000		1,866,303
Masco Corp. 1.500%, 02/15/28 (b)		500,000		440,044
				2,306,347
Chemicals—0.2%
Sherwin-Williams Co. (The) 3.450%, 06/01/27 (b)		1,305,000		1,307,898
Westlake Corp. 3.375%, 06/15/30		1,131,000		1,101,818
				2,409,716
Commercial Services—0.7%
Moody’s Corp. 3.250%, 05/20/50		2,800,000		2,503,363
Quanta Services, Inc. 2.900%, 10/01/30		2,358,000		2,181,658
S&P Global, Inc. 2.500%, 12/01/29		1,098,000		1,040,603
3.700%, 03/01/52 (144A) (b)		2,477,000		2,511,475
Transurban Finance Co. Pty, Ltd. 2.450%, 03/16/31 (144A) (b)		1,116,000		989,538
				9,226,637
Cosmetics/Personal Care—0.4%
GSK Consumer Healthcare Capital U.S. LLC 3.375%, 03/24/27 (144A)		5,594,000		5,593,927
Diversified Financial Services—0.7%
AerCap Ireland Capital DAC / AerCap Global Aviation Trust 1.750%, 01/30/26 (b)		1,118,000		1,025,709
3.000%, 10/29/28		3,194,000		2,945,466
Capital One Financial Corp. 2.618%, SOFR + 1.265%, 11/02/32 (b) (c)		334,000		300,754
Discover Financial Services 4.500%, 01/30/26 (b)		2,627,000		2,706,407
MasterCard, Inc. 3.850%, 03/26/50		2,750,000		2,905,374
				9,883,710
Electric—2.2%
AES Corp. (The) 1.375%, 01/15/26 (b)		928,000		853,362
3.300%, 07/15/25 (144A)		2,086,000		2,046,575

BHFTI-343

Brighthouse Funds Trust I

Schroders Global Multi-Asset Portfolio

Consolidated Schedule of Investments as of March 31, 2022 (Unaudited)

Corporate Bonds & Notes—(Continued)

Security Description	Principal Amount*		Value
Electric—(Continued)
Berkshire Hathaway Energy Co. 3.700%, 07/15/30 (b)		2,000,000	$	2,054,378
3.800%, 07/15/48		2,636,000		2,604,058
6.500%, 09/15/37		345,000		436,513
Centerpoint Energy Houston Electric LLC 2.900%, 07/01/50 (b)		2,897,000		2,574,095
Duke Energy Carolinas LLC 3.550%, 03/15/52 (b)		732,000		723,111
Duke Energy Corp. 3.300%, 06/15/41 (b)		130,000		117,704
Eversource Energy 1.650%, 08/15/30 (b)		2,007,000		1,729,030
Exelon Corp. 4.700%, 04/15/50 (b)		2,811,000		3,091,461
NextEra Energy Capital Holdings, Inc. 2.440%, 01/15/32 (b)		1,243,000		1,136,634
NRG Energy, Inc. 2.450%, 12/02/27 (144A) (b)		2,705,000		2,494,831
Pacific Gas and Electric Co. 3.150%, 01/01/26 (b)		1,000,000		962,860
3.300%, 08/01/40 (b)		3,059,000		2,503,506
PG&E Energy Recovery Funding LLC 2.280%, 01/15/36		1,624,000		1,430,920
2.822%, 07/15/46		2,151,000		1,924,035
Sempra Energy 3.800%, 02/01/38		2,000,000		1,961,480
Southern California Edison Co. 4.200%, 03/01/29 (b)		500,000		517,251
5.500%, 03/15/40		335,000		376,718
				29,538,522
Electronics—0.5%
Amphenol Corp. 2.200%, 09/15/31		868,000		771,907
2.800%, 02/15/30 (b)		5,764,000		5,464,915
				6,236,822
Entertainment—0.3%
Magallanes, Inc. 5.050%, 03/15/42 (144A)		1,938,000		1,976,819
5.141%, 03/15/52 (144A) (b)		1,124,000		1,149,958
5.391%, 03/15/62 (144A)		1,468,000		1,516,559
				4,643,336
Environmental Control—0.1%
Republic Services, Inc. 1.450%, 02/15/31 (b)		1,000,000		849,443
Food—0.1%
Flowers Foods, Inc. 2.400%, 03/15/31 (b)		1,803,000		1,617,421
Gas—0.2%
NiSource, Inc. 1.700%, 02/15/31 (b)		3,751,000		3,181,737
Hand/Machine Tools—0.2%
Stanley Black & Decker, Inc. 4.000%, 5Y H15 + 2.657%, 03/15/60 (b) (c)		2,255,000		2,231,841
Healthcare-Products—0.6%
Baxter International, Inc. 2.539%, 02/01/32 (144A) (b)		3,627,000		3,311,953
Danaher Corp. 2.800%, 12/10/51 (b)		1,090,000		926,212
DH Europe Finance II Sarl 3.400%, 11/15/49		3,427,000		3,258,725
				7,496,890
Healthcare-Services—0.3%
HCA, Inc. 2.375%, 07/15/31 (b)		3,007,000		2,687,378
4.625%, 03/15/52 (144A)		1,220,000		1,229,480
				3,916,858
Home Furnishings—0.1%
Whirlpool Corp. 4.500%, 06/01/46 (b)		1,605,000		1,647,010
Insurance—1.2%
Corebridge Financial, Inc. 3.500%, 04/04/25 (144A)		3,028,000		3,025,608
Hartford Financial Services Group, Inc. (The) 2.900%, 09/15/51 (b)		1,285,000		1,056,631
High Street Funding Trust II 4.682%, 02/15/48 (144A)		1,250,000		1,376,728
Progressive Corp. (The) 3.700%, 03/15/52		3,916,000		3,938,063
Prudential Financial, Inc. 4.500%, 3M LIBOR + 2.380%, 09/15/47 (b) (c)		1,870,000		1,804,550
Prudential plc 3.625%, 03/24/32		5,280,000		5,217,488
				16,419,068
Internet—0.3%
Amazon.com, Inc. 2.500%, 06/03/50 (b)		3,760,000		3,139,078
Expedia Group, Inc. 2.950%, 03/15/31 (b)		411,000		380,523
4.625%, 08/01/27 (b)		652,000		677,263
				4,196,864
Iron/Steel—0.3%
Nucor Corp. 3.850%, 04/01/52 (b)		3,902,000		3,895,335
Lodging—0.4%
Las Vegas Sands Corp. 3.200%, 08/08/24		4,495,000		4,291,334

BHFTI-344

Brighthouse Funds Trust I

Schroders Global Multi-Asset Portfolio

Consolidated Schedule of Investments as of March 31, 2022 (Unaudited)

Corporate Bonds & Notes—(Continued)

Security Description	Principal Amount*		Value
Lodging—(Continued)
Marriott International, Inc. 2.750%, 10/15/33 (b)		735,000	$	648,654
				4,939,988
Machinery-Diversified—0.3%
Otis Worldwide Corp. 2.565%, 02/15/30 (b)		2,268,000		2,119,655
3.112%, 02/15/40 (b)		650,000		572,052
Xylem, Inc. 2.250%, 01/30/31 (b)		1,835,000		1,666,802
				4,358,509
Media—0.8%
Charter Communications Operating LLC / Charter Communications Operating Capital Corp. 3.700%, 04/01/51		6,000,000		4,944,591
Comcast Corp. 3.400%, 04/01/30 (b)		2,250,000		2,279,359
Discovery Communications LLC 3.625%, 05/15/30 (b)		1,525,000		1,481,230
4.125%, 05/15/29 (b)		2,621,000		2,644,535
				11,349,715
Mining—0.2%
Barrick North America Finance LLC 5.750%, 05/01/43 (b)		2,247,000		2,738,179
Miscellaneous Manufacturing—0.2%
GE Capital International Funding Co. 4.418%, 11/15/35 (b)		2,546,000		2,733,866
Oil & Gas—2.2%
BP Capital Markets plc 4.375%, 5Y H15 + 4.036%, 06/22/25 (c)		982,000		987,401
Canadian Natural Resources, Ltd. 2.950%, 07/15/30 (b)		2,106,000		2,002,506
4.950%, 06/01/47 (b)		2,159,000		2,388,737
Cenovus Energy, Inc. 2.650%, 01/15/32 (b)		855,000		774,355
Continental Resources, Inc. 2.875%, 04/01/32 (144A) (b)		2,394,000		2,134,850
4.375%, 01/15/28 (b)		1,596,000		1,618,025
5.750%, 01/15/31 (144A)		507,000		554,557
Devon Energy Corp. 5.850%, 12/15/25		1,595,000		1,726,188
Diamondback Energy, Inc. 3.125%, 03/24/31 (b)		2,336,000		2,231,000
4.250%, 03/15/52 (b)		2,717,000		2,685,326
EOG Resources, Inc. 4.375%, 04/15/30 (b)		1,145,000		1,239,698
EQT Corp. 6.625%, 02/01/25 (b)		4,160,000		4,394,062
Hess Corp. 4.300%, 04/01/27 (b)		409,000		419,668
Oil & Gas—(Continued)
Marathon Petroleum Corp. 4.500%, 04/01/48 (b)		2,723,000		2,729,830
Occidental Petroleum Corp. 3.200%, 08/15/26 (b)		1,493,000		1,466,873
Valero Energy Corp. 4.000%, 04/01/29 (b)		1,705,000		1,739,042
				29,092,118
Packaging & Containers—0.3%
Berry Global, Inc. 1.650%, 01/15/27 (b)		1,986,000		1,809,020
CCL Industries, Inc. 3.050%, 06/01/30 (144A)		1,885,000		1,769,729
				3,578,749
Pharmaceuticals—1.0%
AbbVie, Inc. 4.250%, 11/21/49 (b)		5,700,000		5,914,986
Becton Dickinson & Co. 2.823%, 05/20/30 (b)		1,581,000		1,504,238
Cigna Corp. 3.400%, 03/01/27		1,000,000		1,009,243
CVS Health Corp. 2.700%, 08/21/40 (b)		5,167,000		4,405,384
5.050%, 03/25/48		142,000		160,814
				12,994,665
Pipelines—2.2%
Cheniere Corpus Christi Holdings LLC 3.700%, 11/15/29 (b)		8,126,000		8,100,646
Energy Transfer L.P. 4.050%, 03/15/25 (b)		1,531,000		1,552,702
4.400%, 03/15/27 (b)		744,000		756,420
4.950%, 05/15/28 (b)		1,098,000		1,137,142
Kinder Morgan Energy Partners L.P. 5.800%, 03/15/35 (b)		311,000		354,573
6.950%, 01/15/38		1,655,000		2,069,676
Kinder Morgan, Inc. 2.000%, 02/15/31 (b)		1,188,000		1,038,780
MPLX L.P. 4.500%, 04/15/38 (b)		2,817,000		2,878,267
4.950%, 03/14/52 (b)		4,864,000		5,063,809
ONEOK, Inc. 4.350%, 03/15/29		903,000		922,019
Plains All American Pipeline L.P. / PAA Finance Corp. 3.550%, 12/15/29		1,391,000		1,344,264
3.800%, 09/15/30 (b)		1,084,000		1,063,275
Targa Resources Corp. 4.200%, 02/01/33		2,537,000		2,560,148
				28,841,721
Real Estate Investment Trusts—4.3%
Alexandria Real Estate Equities, Inc. 1.875%, 02/01/33		2,419,000		2,045,972
2.950%, 03/15/34 (b)		187,000		175,928

BHFTI-345

Brighthouse Funds Trust I

Schroders Global Multi-Asset Portfolio

Consolidated Schedule of Investments as of March 31, 2022 (Unaudited)

Corporate Bonds & Notes—(Continued)

Security Description	Principal Amount*		Value
Real Estate Investment Trusts—(Continued)
American Tower Corp. 2.100%, 06/15/30		6,606,000	$	5,761,156
3.800%, 08/15/29		1,413,000		1,406,123
Boston Properties L.P. 3.250%, 01/30/31 (b)		4,160,000		4,023,247
3.400%, 06/21/29		1,000,000		991,300
4.500%, 12/01/28 (b)		2,671,000		2,817,039
Crown Castle International Corp. 2.250%, 01/15/31 (b)		7,852,000		6,920,631
3.700%, 06/15/26 (b)		1,312,000		1,320,316
Digital Realty Trust L.P. 3.600%, 07/01/29 (b)		2,306,000		2,295,550
3.700%, 08/15/27 (b)		6,240,000		6,278,119
Duke Realty L.P. 1.750%, 07/01/30 (b)		2,484,000		2,172,395
Equinix, Inc. 2.150%, 07/15/30 (b)		7,581,000		6,634,639
Essex Portfolio L.P. 2.650%, 03/15/32 (b)		3,000,000		2,744,129
Highwoods Realty L.P. 4.200%, 04/15/29		1,424,000		1,452,083
Kimco Realty Corp. 2.700%, 10/01/30		2,122,000		1,987,927
Mid-America Apartments L.P. 2.750%, 03/15/30		2,000,000		1,909,510
4.200%, 06/15/28		360,000		371,695
Piedmont Operating Partnership L.P. 3.150%, 08/15/30 (b)		1,863,000		1,741,580
Welltower, Inc. 2.050%, 01/15/29 (b)		4,419,000		4,021,292
				57,070,631
Retail—0.8%
Home Depot, Inc. (The) 3.350%, 04/15/50		3,000,000		2,826,647
Lowe’s Cos., Inc. 3.350%, 04/01/27 (b)		615,000		618,596
McDonald’s Corp. 3.600%, 07/01/30 (b)		2,145,000		2,184,395
Ross Stores, Inc. 1.875%, 04/15/31 (b)		1,390,000		1,208,487
Starbucks Corp. 3.500%, 11/15/50 (b)		2,369,000		2,201,206
Tractor Supply Co. 1.750%, 11/01/30		1,350,000		1,159,609
				10,198,940
Savings & Loans—0.1%
Nationwide Building Society 2.972%, SOFR + 1.290%, 02/16/28 (144A) (b) (c)		1,314,000		1,250,035
Semiconductors—1.1%
Broadcom, Inc. 2.600%, 02/15/33 (144A)		3,032,000		2,632,272
Intel Corp. 2.800%, 08/12/41 (b)		1,782,000		1,573,329
Semiconductors—(Continued)
NXP B.V. / NXP Funding LLC / NXP USA, Inc. 3.400%, 05/01/30 (144A) (b)		3,444,000		3,338,118
3.875%, 06/18/26 (144A) (b)		2,000,000		2,006,426
QUALCOMM, Inc. 1.650%, 05/20/32 (b)		6,000,000		5,202,210
				14,752,355
Software—0.4%
Oracle Corp. 3.600%, 04/01/50 (b)		1,087,000		901,517
salesforce.com, Inc. 2.700%, 07/15/41 (b)		500,000		442,496
VMware, Inc. 2.200%, 08/15/31 (b)		4,864,000		4,282,425
				5,626,438
Telecommunications—2.6%
AT&T, Inc. 3.500%, 06/01/41 (b)		9,197,000		8,467,862
3.500%, 09/15/53 (b)		1,005,000		881,831
4.850%, 03/01/39		2,000,000		2,176,643
Rogers Communications, Inc. 3.700%, 11/15/49 (b)		1,600,000		1,422,916
4.550%, 03/15/52 (144A) (b)		10,591,000		10,529,130
T-Mobile USA, Inc. 3.500%, 04/15/31 (b)		722,000		679,387
3.875%, 04/15/30		7,435,000		7,463,544
Telefonica Emisiones S.A. 5.213%, 03/08/47		1,000,000		1,071,654
Verizon Communications, Inc. 3.550%, 03/22/51 (b)		2,466,000		2,317,292
				35,010,259
Total Corporate Bonds & Notes (Cost $521,772,728)				486,094,151
Mutual Funds—3.3%
Investment Company Securities—3.3%
iShares Global Clean Energy ETF		65,749		1,414,918
iShares GSCI Commodity Dynamic Roll Strategy ETF		299,000		11,974,950
SPDR Bloomberg Barclays Emerging Markets Local Bond ETF		602,923		13,704,440
VanEck Gold Miners ETF		75,209		2,884,265
Vanguard High Dividend Yield ETF (b)		123,035		13,810,679
Total Mutual Funds (Cost $42,199,514)				43,789,252
Preferred Stocks—0.1%
Automobiles—0.0%
Volkswagen AG		3,055		528,259
Health Care Equipment & Supplies—0.0%
Sartorius AG		632		280,677

BHFTI-346

Brighthouse Funds Trust I

Schroders Global Multi-Asset Portfolio

Consolidated Schedule of Investments as of March 31, 2022 (Unaudited)

Preferred Stocks—(Continued)

Security Description	Shares/ Principal Amount*		Value
Household Products—0.1%
Henkel AG & Co. KGaA		10,014	$	670,658
Water Utilities—0.0%
Cia de Saneamento do Parana		46,600		40,130
Total Preferred Stocks (Cost $1,834,637)				1,519,724
Short-Term Investments—4.7%
Repurchase Agreement—1.5%
Fixed Income Clearing Corp. Repurchase Agreement dated 03/31/22 at 0.000%, due on 04/01/22 with a maturity value of $19,841,680; collateralized by U.S. Treasury Note at 1.000%, maturing 12/15/24, with a market value of $20,238,586.		19,841,680		19,841,680
U.S. Treasury—3.2%
U.S. Treasury Bills 0.161%, 04/21/22 (d)		7,000,000		6,999,524
0.317%, 05/26/22 (d)		17,065,600		17,058,104
0.779%, 09/08/22 (d)		19,500,000		19,420,570
				43,478,198
Total Short-Term Investments (Cost $63,331,595)				63,319,878
Securities Lending Reinvestments (e)—17.5%
Certificates of Deposit—2.8%
Bank of Nova Scotia 0.320%, 06/07/22		5,000,000		4,995,920
Cooperatieve Rabobank UA 0.840%, SOFR + 0.570%, 09/19/22 (c)		4,000,000		4,000,000
Credit Industriel et Commercial (NY) 0.480%, SOFR + 0.210%, 11/08/22 (c)		2,000,000		1,996,310
Goldman Sachs Bank USA 0.470%, SOFR + 0.190%, 09/02/22 (c)		4,000,000		3,994,904
Nordea Bank Abp. 0.720%, SOFR + 0.450%, 08/30/22 (c)		4,000,000		3,999,992
Oversea-Chinese Banking Corp., Ltd.
Zero Coupon, 04/14/22		800,000		799,864
0.720%, SOFR + 0.440%, 09/26/22 (c)		4,000,000		4,000,797
Royal Bank of Canada 0.520%, SOFR + 0.250%, 01/11/23 (c)		3,000,000		2,992,986
Standard Chartered Bank (NY) 0.460%, SOFR + 0.190%, 08/25/22 (c)		3,000,000		2,997,550
Sumitomo Mitsui Banking Corp. 0.720%, SOFR + 0.450%, 09/06/22 (c)		4,000,000		3,999,720
Toronto-Dominion Bank (The) 0.820%, FEDEFF PRV + 0.490%, 12/23/22 (c)		4,000,000		3,998,816
				37,776,859
Commercial Paper—0.7%
DNB Bank ASA 0.830%, SOFR + 0.550%, 09/07/22 (c)		3,000,000		3,001,197
Macquarie Bank Ltd. 0.510%, SOFR + 0.230%, 08/04/22 (c)		3,000,000		2,997,693
Societe Generale 0.460%, SOFR + 0.190%, 08/18/22 (c)		3,000,000		2,996,973
				8,995,863
Repurchase Agreements—12.2%
Barclays Bank plc Repurchase Agreement dated 03/31/22 at 0.600%, due on 05/05/22 with a maturity value of $4,002,333; collateralized by various Common Stock with an aggregate market value of $4,445,827.		4,000,000		4,000,000
BofA Securities, Inc. Repurchase Agreement dated 03/31/22 at 0.600%, due on 04/18/22 with a maturity value of $800,240; collateralized by U.S. Treasury Obligations with rates ranging from 0.000% - 2.250%, maturity dates ranging from 07/21/22 - 08/15/49, and various Common Stock with an aggregate market value of $846,736.		800,000		800,000
Repurchase Agreement dated 03/31/22 at 0.600%, due on 05/05/22 with a maturity value of $1,200,700; collateralized by U.S. Treasury Obligations with rates ranging from 0.000% - 7.500%, maturity dates ranging from 04/21/22 - 08/15/51, and various Common Stock with an aggregate market value of $1,262,268.		1,200,000		1,200,000
Cantor Fitzgerald & Co. Repurchase Agreement dated 03/31/22 at 0.290%, due on 04/01/22 with a maturity value of $10,000,081; collateralized by U.S. Treasury and U.S. Government Agency Obligations with rates ranging from 0.125% - 8.000%, maturity dates ranging from 09/15/22 - 07/20/71, and an aggregate market value of $10,200,000.		10,000,000		10,000,000
Citigroup Global Markets, Ltd. Repurchase Agreement dated 03/31/22 at 0.300%, due on 04/01/22 with a maturity value of $4,500,038; collateralized by U.S. Treasury and Foreign Obligations with rates ranging from 0.125% - 2.875%, maturity dates ranging from 08/15/23 - 02/15/51, and an aggregate market value of $4,590,001.		4,500,000		4,500,000
ING Financial Markets LLC Repurchase Agreement dated 03/31/22 at 0.260%, due on 04/01/22 with a maturity value of $14,551,061; collateralized by U.S. Government Agency Obligations with rates ranging from 0.350% - 6.625%, maturity dates ranging from 04/05/22 - 11/15/30, and an aggregate market value of $14,842,072.		14,550,956		14,550,956
National Bank Financial, Inc. Repurchase Agreement dated 03/31/22 at 0.320%, due on 04/01/22 with a maturity value of $5,000,044; collateralized by U.S. Treasury Obligations with rates ranging from 0.125% - 3.000%, maturity dates ranging from 06/30/22 - 02/15/49, and an aggregate market value of $5,102,844.		5,000,000		5,000,000

BHFTI-347

Brighthouse Funds Trust I

Schroders Global Multi-Asset Portfolio

Consolidated Schedule of Investments as of March 31, 2022 (Unaudited)

Securities Lending Reinvestments (e)—(Continued)

Security Description	Principal Amount*		Value
Repurchase Agreements—(Continued)
National Bank of Canada
Repurchase Agreement dated 03/31/22 at 0.320%, due on 04/07/22 with a maturity value of $20,001,244; collateralized by U.S. Treasury Obligations with rates ranging from 0.000% - 4.500%, maturity dates ranging from 04/14/22 - 08/15/51, and an aggregate market value of $20,411,378.		20,000,000	$	20,000,000
Repurchase Agreement dated 03/31/22 at 0.450%, due on 04/07/22 with a maturity value of $10,600,928; collateralized by U.S. Treasury Obligations with rates ranging from 0.500% - 3.000%, maturity dates ranging from 11/30/23 - 08/15/48, and various Common Stock with an aggregate market value of $11,721,466.		10,600,000		10,600,000
NBC Global Finance, Ltd.
Repurchase Agreement dated 03/31/22 at 0.440%, due on 04/01/22 with a maturity value of $25,000,306; collateralized by U.S. Treasury Obligations with rates ranging from 0.125% - 4.750%, maturity dates ranging from 05/15/24 - 02/15/50, and various Common Stock with an aggregate market value of $27,759,414.		25,000,000		25,000,000
Repurchase Agreement dated 03/31/22 at 0.485%, due on 04/07/22 with a maturity value of $1,500,141; collateralized by U.S. Treasury Obligations with rates ranging from 0.125% - 4.750%, maturity dates ranging from 05/15/24 - 02/15/50, and various Common Stock with an aggregate market value of $1,665,565.		1,500,000		1,500,000
Societe Generale
Repurchase Agreement dated 03/31/22 at 0.360%, due on 04/01/22 with a maturity value of $24,050,241; collateralized by various Common Stock with an aggregate market value of $26,724,430.		24,050,000		24,050,000
Repurchase Agreement dated 03/31/22 at 0.380%, due on 04/01/22 with a maturity value of $6,900,073; collateralized by various Common Stock with an aggregate market value of $7,667,300.		6,900,000		6,900,000
Repurchase Agreement dated 03/31/22 at 0.410%, due on 04/01/22 with a maturity value of $14,800,169; collateralized by various Common Stock with an aggregate market value of $16,447,088.		14,800,000		14,800,000
Repurchase Agreement dated 03/31/22 at 0.420%, due on 04/07/22 with a maturity value of $3,400,278; collateralized by various Common Stock with an aggregate market value of $3,778,385.		3,400,000		3,400,000
TD Prime Services LLC Repurchase Agreement dated 03/31/22 at 0.400%, due on 04/01/22 with a maturity value of $16,300,181; collateralized by various Common Stock with an aggregate market value of $18,563,240.		16,300,000		16,300,000
				162,600,956
Time Deposits—1.4%
Australia New Zealand Banking Group, Ltd 0.310%, 04/01/22		5,000,000		5,000,000
DZ Bank AG (NY) 0.300%, 04/01/22		4,000,000		4,000,000
Time Deposits—(Continued)
First Abu Dhabi Bank USA NV 0.310%, 04/01/22		5,000,000		5,000,000
Skandi (NY) 0.300%, 04/01/22		5,000,000		5,000,000
				19,000,000
Mutual Funds—0.4%
Goldman Sachs Financial Square Government Fund, Institutional Shares 0.250% (f)		5,000,000		5,000,000
Total Securities Lending Reinvestments (Cost $233,400,911)				233,373,678
Total Investments—114.3% (Cost $1,445,175,009)				1,526,789,576
Other assets and liabilities (net)—(14.3)%				(190,680,832	)
Net Assets—100.0%			$	1,336,108,744

*	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 March 31, 2022, the market value of securities loaned was $252,844,162 and the collateral received consisted of cash in the amount of $233,400,329 and non-cash collateral with a value of $28,820,532. 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 March 31, 2022. 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 March 31, 2022.
(f)	The rate shown represents the annualized seven-day yield as of March 31, 2022.
(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 March 31, 2022, the market value of 144A securities was $73,519,250, which is 5.5% of net assets.

BHFTI-348

Brighthouse Funds Trust I

Schroders Global Multi-Asset Portfolio

Consolidated Schedule of Investments as of March 31, 2022 (Unaudited)

Forward Foreign Currency Exchange Contracts

Contracts to Buy		Counterparty	Settlement Date		In Exchange for			Unrealized Appreciation/ (Depreciation)
AUD	36,231,000	UBSA		04/26/22		USD	27,023,362	$	95,292
BRL	37,178,000	UBSA		04/04/22		USD	7,663,987		144,795
BRL	37,178,000	UBSA		04/04/22		USD	7,847,102		(38,320	)
CHF	4,366,000	UBSA		04/26/22		USD	4,677,332		51,001
COP	24,806,837,000	UBSA		04/13/22		USD	6,498,274		68,335
CZK	153,224,000	MSIP		04/26/22		USD	6,829,040		96,612
DKK	9,189,000	UBSA		04/26/22		USD	1,364,275		3,170
EUR	16,819,103	MSIP		04/26/22		USD	18,512,448		105,634
IDR	102,420,096,000	UBSA		04/13/22		USD	7,098,704		29,794
ILS	7,890,500	UBSA		04/26/22		USD	2,449,559		23,940
ILS	7,890,500	UBSA		04/26/22		USD	2,448,315		25,185
INR	414,600,000	JPMC		04/13/22		USD	5,413,593		52,976
JPY	2,892,627,344	UBSA		04/26/22		USD	23,900,717		(130,569	)
MXN	139,986,000	UBSA		04/26/22		USD	6,871,184		139,757
MYR	58,391,000	GSI		04/13/22		USD	13,982,519		(99,705	)
NZD	8,599,000	UBSA		04/26/22		USD	5,978,833		(21,215	)
PHP	256,554,000	MSIP		04/13/22		USD	4,911,064		44,777
PHP	355,348,000	MSIP		04/13/22		USD	6,821,154		43,087
PLN	25,499,000	UBSA		04/26/22		USD	5,979,322		76,846
SEK	42,203,000	JPMC		04/26/22		USD	4,474,556		15,747
SGD	5,306,500	MSIP		04/26/22		USD	3,897,912		16,923
SGD	5,306,500	UBSA		04/26/22		USD	3,901,219		13,616
THB	218,657,000	JPMC		04/26/22		USD	6,495,530		81,097
TWD	139,653,000	MSIP		04/13/22		USD	4,850,747		23,363
ZAR	32,752,170	MSIP		04/26/22		USD	2,231,181		3,917
ZAR	16,457,965	UBSA		04/26/22		USD	1,128,054		(4,917	)
ZAR	16,624,208	UBSA		04/26/22		USD	1,138,312		(3,830	)
ZAR	33,414,657	UBSA		04/26/22		USD	2,294,263		(13,955	)
Contracts to Deliver
BRL	37,178,000	UBSA		04/04/22		USD	7,191,103		(617,679	)
BRL	37,178,000	UBSA		04/04/22		USD	7,847,102		38,320
BRL	37,178,000	UBSA		05/03/22		USD	7,605,040		(141,306	)
CAD	2,666,000	MSIP		04/26/22		USD	2,118,619		(13,674	)
CLP	10,454,028,000	JPMC		04/13/22		USD	12,876,004		(390,755	)
GBP	586,022	MSIP		04/26/22		USD	775,177		5,463
GBP	341,427	MSIP		04/26/22		USD	449,405		956
GBP	242,222	MSIP		04/26/22		USD	319,543		1,395
GBP	239,878	MSIP		04/26/22		USD	316,635		1,565
GBP	218,290	UBSA		04/26/22		USD	288,349		1,635
GBP	3,055,800	MSIP		05/11/22		USD	4,036,306		22,915
ILS	3,486,000	UBSA		04/26/22		USD	1,085,347		(7,438	)
INR	509,614,000	MSIP		04/13/22		USD	6,661,621		(57,723	)
JPY	596,767,000	UBSA		04/26/22		USD	4,849,513		(54,416	)
KRW	7,888,141,000	UBSA		04/13/22		USD	6,483,333		(23,459	)
NZD	3,987,112	JPMC		04/26/22		USD	2,767,973		5,595
NZD	3,987,112	UBSA		04/26/22		USD	2,761,645		(733	)
NZD	3,086,000	UBSA		04/26/22		USD	2,144,110		6,046
NZD	2,962,560	UBSA		04/26/22		USD	2,055,720		3,179
NZD	1,407,216	UBSA		04/26/22		USD	977,230		2,273
SGD	10,613,000	UBSA		04/26/22		USD	7,812,442		(17,227	)
TWD	268,333,000	GSI		04/13/22		USD	9,544,122		178,877
ZAR	187,774,000	UBSA		04/26/22		USD	12,620,404		(193,810	)

BHFTI-349

Brighthouse Funds Trust I

Schroders Global Multi-Asset Portfolio

Consolidated Schedule of Investments as of March 31, 2022 (Unaudited)

Forward Foreign Currency Exchange Contracts—(Continued)

Cross Currency Contracts to Buy		Counterparty	Settlement Date		In Exchange for			Unrealized Appreciation/ (Depreciation)
CAD	519,086	JPMC		04/26/22		AUD	553,000	$	1,253
CZK	300,991,000	UBSA		04/26/22		EUR	12,147,696		157,632
Net Unrealized Depreciation								$	(247,763	)

Futures Contracts

Futures Contracts—Long	Expiration Date		Number of Contracts			Notional Value				Value/ Unrealized Appreciation/ (Depreciation)
Euro Stoxx 50 Index Futures		06/17/22		941			EUR	35,974,430		$	1,937,249
FTSE 100 Index Futures		06/17/22		43			GBP	3,218,980			215,287
MSCI Emerging Markets Index Mini Futures		06/17/22		152			USD	8,553,800			288,191
Nikkei 225 Index Futures		06/09/22		45			JPY	1,252,350,000			1,175,293
Russell 2000 Index E-Mini Futures		06/17/22		132			USD	13,638,240			537,689
S&P 500 Index E-Mini Futures		06/17/22		85			USD	19,255,688			1,014,895
S&P Energy Select Sector E-Mini Futures		06/17/22		36			USD	2,869,560			(12,141	)
S&P TSX 60 Index Futures		06/16/22		65			CAD	17,122,300			251,436
TOPIX Index Futures		06/09/22		82			JPY	1,596,130,000			1,337,424
U.S. Treasury Long Bond Futures		06/21/22		318			USD	47,719,875			(1,268,304	)
U.S. Treasury Note 10 Year Futures		06/21/22		23			USD	2,826,125			(76,946	)
U.S. Treasury Note 2 Year Futures		06/30/22		279			USD	59,126,203			(784,297	)
U.S. Treasury Note 5 Year Futures		06/30/22		125			USD	14,335,938			(88,601	)
U.S. Treasury Ultra Long Bond Futures		06/21/22		71			USD	12,575,875			(488,242	)
United Kingdom Long Gilt Bond Futures		06/28/22		209			GBP	25,337,070			(452,046	)
Futures Contracts—Short
Euro Stoxx 50 Index Futures		06/17/22		(623	)		EUR	(23,817,290	)		(302,395	)
FTSE 100 Index Futures		06/17/22		(421	)		GBP	(31,516,060	)		(470,568	)
S&P 500 Index E-Mini Futures		06/17/22		(900	)		USD	(203,883,750	)		(9,274,610	)
TOPIX Index Futures		06/09/22		(222	)		JPY	(4,321,230,000	)		(1,402,845	)
U.S. Treasury Note 10 Year Futures		06/21/22		(2,193	)		USD	(269,464,875	)		6,866,970
U.S. Treasury Note 2 Year Futures		06/30/22		(399	)		USD	(84,556,829	)		1,006,225
U.S. Treasury Note Ultra 10 Year Futures		06/21/22		(584	)		USD	(79,113,750	)		2,576,808
Net Unrealized Appreciation										$	2,586,472

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

12M SOFR

Annually

1.550%

Annually

01/23/32

USD

424,000,000

$

(21,305,618

)

$

—

$

(21,305,618

)

(1) There were no upfront premiums paid or (received), therefore the market value equals unrealized appreciation/(depreciation).

BHFTI-350

Brighthouse Funds Trust I

Schroders Global Multi-Asset Portfolio

Consolidated Schedule of Investments as of March 31, 2022 (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
(IDR)—	Indonesian Rupiah
(ILS)—	Israeli Shekel
(INR)—	Indian Rupee
(JPY)—	Japanese Yen
(KRW)—	South Korean Won
(MXN)—	Mexican Peso
(MYR)—	Malaysian Ringgit
(NZD)—	New Zealand Dollar
(PHP)—	Philippine Peso
(PLN)—	Polish Zloty
(SEK)—	Swedish Krona
(SGD)—	Singapore Dollar
(THB)—	Thai Baht
(TWD)—	Taiwanese Dollar
(USD)—	United States Dollar
(ZAR)—	South African Rand

Index Abbreviations

(FEDEFF PRV)—	Effective Federal Funds 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

(ETF)—	Exchange-Traded Fund
(ADR)—	American Depositary Receipt
(DAC)—	Designated Activity Company
(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 March 31, 2022:

Description	Level 1		Level 2		Level 3		Total
Common Stocks
Aerospace & Defense	$	4,533,328	$	1,048,298	$	—	$	5,581,626
Air Freight & Logistics		2,860,173		688,762		—		3,548,935
Airlines		459,282		—		—		459,282
Auto Components		1,012,249		481,619		—		1,493,868
Automobiles		9,338,567		5,264,640		—		14,603,207
Banks		25,196,219		13,098,763		—		38,294,982
Beverages		9,889,796		3,495,839		—		13,385,635
Biotechnology		8,627,428		867,192		—		9,494,620
Building Products		3,002,221		2,258,155		—		5,260,376
Capital Markets		23,981,908		5,191,560		—		29,173,468
Chemicals		7,844,942		5,079,918		—		12,924,860
Commercial Services & Supplies		3,177,208		—		—		3,177,208
Communications Equipment		3,767,101		661,115		—		4,428,216
Construction & Engineering		—		957,358		—		957,358

BHFTI-351

Brighthouse Funds Trust I

Schroders Global Multi-Asset Portfolio

Consolidated Schedule of Investments as of March 31, 2022 (Unaudited)

Fair Value Hierarchy—(Continued)

Description	Level 1		Level 2		Level 3		Total
Construction Materials	$	1,547,305	$	771,921	$	—	$	2,319,226
Consumer Finance		4,245,228		—		—		4,245,228
Containers & Packaging		4,376,328		320,046		—		4,696,374
Diversified Consumer Services		276,640		—		—		276,640
Diversified Financial Services		3,388,289		63,159		—		3,451,448
Diversified Telecommunication Services		5,864,271		2,707,611		—		8,571,882
Electric Utilities		6,425,818		2,284,923		—		8,710,741
Electrical Equipment		5,298,564		2,020,235		—		7,318,799
Electronic Equipment, Instruments & Components		2,486,211		1,711,468		—		4,197,679
Energy Equipment & Services		3,662,999		—		—		3,662,999
Entertainment		6,630,944		723,230		—		7,354,174
Equity Real Estate Investment Trusts		7,914,824		1,404,609		—		9,319,433
Food & Staples Retailing		6,470,110		1,378,733		—		7,848,843
Food Products		4,943,889		4,647,528		—		9,591,417
Gas Utilities		—		485,037		—		485,037
Health Care Equipment & Supplies		14,799,744		1,721,040		—		16,520,784
Health Care Providers & Services		15,439,520		—		—		15,439,520
Health Care Technology		807,891		—		—		807,891
Hotels, Restaurants & Leisure		9,931,248		1,973,235		—		11,904,483
Household Durables		3,356,115		1,503,723		—		4,859,838
Household Products		7,684,038		1,013,014		—		8,697,052
Independent Power and Renewable Electricity Producers		91,728		169,109		—		260,837
Industrial Conglomerates		4,392,253		1,219,504		—		5,611,757
Insurance		10,185,947		5,077,325		—		15,263,272
Interactive Media & Services		31,550,150		444,586		—		31,994,736
Internet & Direct Marketing Retail		20,315,975		680,949		—		20,996,924
IT Services		26,960,294		1,351,490		—		28,311,784
Leisure Products		141,334		598,252		—		739,586
Life Sciences Tools & Services		11,634,898		645,244		—		12,280,142
Machinery		10,357,165		3,018,042		—		13,375,207
Marine		113,282		1,011,124		—		1,124,406
Media		6,908,269		313,209		—		7,221,478
Metals & Mining		5,784,543		7,739,113		—		13,523,656
Multi-Utilities		1,509,716		1,326,459		—		2,836,175
Multiline Retail		3,494,887		644,817		—		4,139,704
Oil, Gas & Consumable Fuels		22,494,187		9,238,328		—		31,732,515
Paper & Forest Products		451,298		277,067		—		728,365
Personal Products		1,036,995		2,834,476		—		3,871,471
Pharmaceuticals		27,172,987		17,504,579		—		44,677,566
Professional Services		606,391		3,153,921		—		3,760,312
Real Estate Management & Development		187,827		1,825,315		—		2,013,142
Road & Rail		11,591,033		176,011		—		11,767,044
Semiconductors & Semiconductor Equipment		32,832,465		4,736,258		—		37,568,723
Software		51,315,701		726,356		—		52,042,057
Specialty Retail		13,574,425		729,447		—		14,303,872
Technology Hardware, Storage & Peripherals		34,813,632		55,059		—		34,868,691
Textiles, Apparel & Luxury Goods		5,758,356		3,165,403		—		8,923,759
Thrifts & Mortgage Finance		385,867		—		—		385,867
Tobacco		1,447,964		1,109,174		—		2,557,138
Trading Companies & Distributors		2,314,107		3,036,607		—		5,350,714
Transportation Infrastructure		121,084		—		—		121,084
Water Utilities		603,853		—		—		603,853
Wireless Telecommunication Services		375,167		2,298,760		—		2,673,927
Total Common Stocks		559,764,178		138,928,715		—		698,692,893
Total Corporate Bonds & Notes*		—		486,094,151		—		486,094,151
Total Mutual Funds*		43,789,252		—		—		43,789,252

BHFTI-352

Brighthouse Funds Trust I

Schroders Global Multi-Asset Portfolio

Consolidated Schedule of Investments as of March 31, 2022 (Unaudited)

Fair Value Hierarchy—(Continued)

Description	Level 1			Level 2			Level 3		Total
Preferred Stocks
Automobiles	$	—		$	528,259		$	—	$	528,259
Health Care Equipment & Supplies		—			280,677			—		280,677
Household Products		—			670,658			—		670,658
Water Utilities		40,130			—			—		40,130
Total Preferred Stocks		40,130			1,479,594			—		1,519,724
Total Short-Term Investments*		—			63,319,878			—		63,319,878
Securities Lending Reinvestments
Certificates of Deposit		—			37,776,859			—		37,776,859
Commercial Paper		—			8,995,863			—		8,995,863
Repurchase Agreements		—			162,600,956			—		162,600,956
Time Deposits		—			19,000,000			—		19,000,000
Mutual Funds		5,000,000			—			—		5,000,000
Total Securities Lending Reinvestments		5,000,000			228,373,678			—		233,373,678
Total Investments	$	608,593,560		$	918,196,016		$	—	$	1,526,789,576
Collateral for Securities Loaned (Liability)	$	—		$	(233,400,329	)	$	—	$	(233,400,329	)
Forward Contracts
Forward Foreign Currency Exchange Contracts (Unrealized Appreciation)	$	—		$	1,582,968		$	—	$	1,582,968
Forward Foreign Currency Exchange Contracts (Unrealized Depreciation)		—			(1,830,731	)		—		(1,830,731	)
Total Forward Contracts	$	—		$	(247,763	)	$	—	$	(247,763	)
Futures Contracts
Futures Contracts (Unrealized Appreciation)	$	17,207,467		$	—		$	—	$	17,207,467
Futures Contracts (Unrealized Depreciation)		(14,620,995	)		—			—		(14,620,995	)
Total Futures Contracts	$	2,586,472		$	—		$	—	$	2,586,472
Centrally Cleared Swap Contracts
Centrally Cleared Swap Contracts (Unrealized Depreciation)	$	—		$	(21,305,618	)	$	—	$	(21,305,618	)

* See Consolidated Schedule of Investments for additional detailed categorizations.

BHFTI-353

Brighthouse Funds Trust I

SSGA Emerging Markets Enhanced Index Portfolio

Schedule of Investments as of March 31, 2022 (Unaudited)

Common Stocks—94.6% of Net Assets

Security Description	Shares		Value
Brazil—4.2%
Ambev S.A. (ADR)		421,900	$	1,362,737
B3 S.A. - Brasil Bolsa Balcao		404,200		1,333,736
Banco Bradesco S.A.		77,160		296,093
Banco Bradesco S.A. (ADR)		224,314		1,040,817
Banco do Brasil S.A.		166,600		1,214,232
Cosan S.A. (ADR) (a)		11,666		230,987
Dexco S.A.		32,340		99,716
Energisa S.A.		69,000		707,384
Getnet Adquirencia e Servicos para Meios de Pagamento S.A. (a)		16,687		25,865
Instituto Hermes Pardini S.A.		57,600		233,979
Itau Unibanco Holding S.A. (ADR)		129,400		738,874
JBS S.A.		150,300		1,175,301
Mahle-Metal Leve S.A.		48,300		260,215
Marfrig Global Foods S.A.		96,900		435,547
Petroleo Brasileiro S.A.		130,800		968,146
Petroleo Brasileiro S.A. (ADR)		49,000		725,200
Sao Martinho S.A.		44,600		415,550
Telefonica Brasil S.A.		104,400		1,177,311
TIM S.A.		32,000		92,685
TIM S.A. (ADR) (a)		7,600		110,200
Vale S.A.		110,000		2,208,756
Vale S.A. (ADR) (a)		117,500		2,348,825
Vibra Energia S.A.		67,500		331,471
Vinci Partners Investments, Ltd. - Class A (a)		5,200		72,020
				17,605,647
Chile—0.6%
Banco de Credito e Inversiones S.A.		1,825		65,747
Banco Santander Chile		15,651,516		881,442
Cencosud S.A.		507,445		999,669
Cia Cervecerias Unidas S.A.		42,007		314,412
Empresas COPEC S.A.		33,971		280,645
				2,541,915
China—28.8%
3SBio, Inc. (b)		670,000		544,377
AAC Technologies Holdings, Inc.		70,500		169,262
Agile Group Holdings, Ltd.		322,000		162,292
Alibaba Group Holding, Ltd. (b)		852,500		11,668,408
Anhui Conch Cement Co., Ltd. - Class A		5,100		31,588
Anhui Conch Cement Co., Ltd. - Class H		132,000		676,498
Anhui Expressway Co., Ltd. - Class H		78,000		75,934
Anhui Yingjia Distillery Co., Ltd. - Class A		22,900		194,761
ANTA Sports Products, Ltd.		97,000		1,210,562
Asymchem Laboratories Tianjin Co., Ltd.		2,000		115,191
Autohome, Inc. (ADR)		4,200		127,722
BAIC Motor Corp., Ltd. - Class H		441,000		147,324
Baidu, Inc. (ADR) (b)		20,600		2,725,380
Bank of Chengdu Co., Ltd. - Class A		77,100		182,292
Bank of China, Ltd. - Class H		2,515,000		1,009,856
Bank of Hangzhou Co., Ltd. - Class A		164,400		363,835
Bank of Jiangsu Co., Ltd. - Class A		479,680		531,779
Bank of Nanjing Co., Ltd. - Class A		142,100		238,627
Bank of Ningbo Co., Ltd. - Class A		41,700		244,620
Baoshan Iron & Steel Co., Ltd. - Class A		260,800		276,822
Beijing Wantai Biological Pharmacy Enterprise Co., Ltd. - Class A		1,500		65,688
China—(Continued)
BGI Genomics Co., Ltd. - Class A		8,800		111,586
Bilibili, Inc. (ADR) (a)(b)		1,500		38,370
BOE Technology Group Co., Ltd. - Class A		247,700		167,254
Brilliance China Automotive Holdings, Ltd. (b)(c)(d)		818,000		313,278
BYD Co., Ltd. - Class A		9,500		339,328
BYD Co., Ltd. - Class H		62,000		1,761,233
BYD Electronic International Co., Ltd.		132,500		264,331
CGN Power Co., Ltd. - Class H		2,642,000		689,410
China BlueChemical, Ltd. - Class H		810,000		276,598
China Coal Energy Co., Ltd. - Class H		157,000		117,429
China Communications Services Corp., Ltd. - Class H		502,000		226,664
China Construction Bank Corp. - Class A		260,600		257,727
China Construction Bank Corp. - Class H		5,351,000		4,019,651
China Everbright, Ltd.		12,241		12,075
China Galaxy Securities Co., Ltd. - Class H		602,000		336,207
China Harmony Auto Holding, Ltd.		201,500		102,388
China Hongqiao Group, Ltd. (a)		553,500		734,237
China International Marine Containers Group Co., Ltd. - Class A		134,300		293,425
China International Marine Containers Group Co., Ltd. - Class H		163,200		266,036
China Lesso Group Holdings, Ltd.		384,000		462,714
China Longyuan Power Group Corp., Ltd. - Class H		454,000		1,029,128
China Medical System Holdings, Ltd.		456,000		713,722
China Meidong Auto Holdings, Ltd. (a)		26,000		98,691
China Mengniu Dairy Co., Ltd. (b)		40,000		214,791
China Merchants Bank Co., Ltd. - Class A		117,900		867,021
China Merchants Bank Co., Ltd. - Class H		321,000		2,509,375
China National Building Material Co., Ltd. - Class H		430,000		531,353
China New Higher Education Group, Ltd.		73,462		23,284
China Overseas Land & Investment, Ltd.		238,000		708,959
China Petroleum & Chemical Corp. - Class H		1,518,000		759,027
China Resources Beer Holdings Co., Ltd.		88,000		537,016
China Resources Boya Bio-pharmaceutical Group Co., Ltd. - Class A		12,800		59,246
China Resources Land, Ltd.		20,000		92,705
China Resources Power Holdings Co., Ltd.		184,000		342,861
China Shenhua Energy Co., Ltd. - Class A		61,811		289,566
China Shenhua Energy Co., Ltd. - Class H		424,500		1,354,030
China State Construction Engineering Corp., Ltd. - Class A		370,100		315,986
China Traditional Chinese Medicine Holdings Co., Ltd.		218,000		113,673
China Vanke Co., Ltd. - Class H		272,700		613,588
China Yangtze Power Co., Ltd. - Class A		71,900		248,489
China Yongda Automobiles Services Holdings, Ltd.		305,000		331,693
Chinese Universe Publishing and Media Group Co., Ltd. - Class A		38,700		68,581
Chlitina Holding, Ltd.		17,000		120,214
Chongqing Brewery Co., Ltd. - Class A (b)		26,000		438,132
Chongqing Zhifei Biological Products Co., Ltd. - Class A		11,200		242,955
CIFI Ever Sunshine Services Group, Ltd.		26,000		34,896
CITIC Telecom International Holdings, Ltd.		635,000		233,266
CITIC, Ltd.		790,000		875,505
Contemporary Amperex Technology Co., Ltd. - Class A		10,800		865,339
COSCO SHIPPING Holdings Co., Ltd. - Class A (b)		145,420		351,714
COSCO SHIPPING Holdings Co., Ltd. - Class H (b)		382,200		661,836
Country Garden Services Holdings Co., Ltd.		311		1,322
CRRC Corp., Ltd. - Class H		375,000		149,866
CSPC Pharmaceutical Group, Ltd.		844,240		968,109
Da An Gene Co., Ltd. of Sun Yat-Sen University - Class A		69,380		203,947
Dali Foods Group Co., Ltd.		422,000		220,607

BHFTI-354

Brighthouse Funds Trust I

SSGA Emerging Markets Enhanced Index Portfolio

Schedule of Investments as of March 31, 2022 (Unaudited)

Common Stocks—(Continued)

Security Description	Shares		Value
China—(Continued)
Daqo New Energy Corp. (ADR) (b)		6,300	$	260,316
Datang International Power Generation Co., Ltd. - Class H		556,000		79,896
Dian Diagnostics Group Co., Ltd. - Class A		11,200		51,078
Dongfeng Motor Group Co., Ltd. - Class H		630,000		471,940
Dongyue Group, Ltd.		173,000		234,892
ENN Energy Holdings, Ltd. (a)		10,500		156,481
FAW Jiefang Group Co., Ltd. - Class A		80,500		109,433
Fuyao Glass Industry Group Co., Ltd. - Class H (144A)		70,800		289,104
G-bits Network Technology Xiamen Co., Ltd. - Class A		3,244		182,753
GD Power Development Co., Ltd. - Class A		1,047,200		413,831
Geely Automobile Holdings, Ltd.		345,000		541,376
Genscript Biotech Corp. (b)		108,000		340,078
GF Securities Co., Ltd. - Class H		300,600		423,772
Great Wall Motor Co., Ltd. - Class H		167,000		266,202
Guangdong Provincial Expressway Development Co., Ltd. - Class A		88,320		110,302
Guangzhou Baiyunshan Pharmaceutical Holdings Co., Ltd. - Class A		30,600		150,746
Guangzhou Kingmed Diagnostics Group Co., Ltd. - Class A		5,200		60,025
Haidilao International Holding, Ltd.		83,000		161,268
Haier Smart Home Co., Ltd. - Class A		65,800		237,918
Haier Smart Home Co., Ltd. - Class H		28,000		90,552
Haitian International Holdings, Ltd.		187,000		483,856
Hangzhou Tigermed Consulting Co., Ltd. - Class A		2,338		39,396
Harbin Electric Co., Ltd. - Class H (a)		270,000		76,461
Helens International Holdings Co., Ltd. (b)		74,000		129,767
Hello Group, Inc. (ADR)		77,800		449,684
Hengan International Group Co., Ltd.		126,000		581,626
Hengli Petrochemical Co., Ltd. - Class A		71,500		232,939
Hongfa Technology Co., Ltd. - Class A		33,100		244,981
Hopson Development Holdings, Ltd. (a)		90,530		171,219
Huadian Power International Corp., Ltd. - Class A		285,000		158,413
Huadong Medicine Co., Ltd. - Class A		28,900		151,154
Hualan Biological Engineering, Inc. - Class A		11,591		36,963
Huaneng Power International, Inc. - Class H		336,000		142,965
Huaxin Cement Co., Ltd. - Class A		38,400		119,286
Huayu Automotive Systems Co., Ltd. - Class A		31,900		100,024
Hubei Xingfa Chemicals Group Co., Ltd. - Class A		22,900		119,476
Imeik Technology Development Co., Ltd. - Class A		2,420		179,832
Industrial & Commercial Bank of China, Ltd. - Class A		216,000		162,260
Industrial & Commercial Bank of China, Ltd. - Class H		3,072,000		1,883,091
Industrial Bank Co., Ltd. - Class A		181,100		588,567
Industrial Securities Co., Ltd. - Class A		35,800		43,108
Inner Mongolia ERDOS Resources Co., Ltd. - Class A		49,600		198,776
JD Health International, Inc. (a)(b)		3,565		21,692
JD.com, Inc. - Class A (b)		113,154		3,314,035
Jiangsu Expressway Co., Ltd. - Class H		256,000		267,563
Jiangsu Shuangxing Color Plastic New Materials Co., Ltd. - Class A		17,400		44,487
Jiangsu Yuyue Medical Equipment & Supply Co., Ltd. - Class A		15,800		69,091
JiuGui Liquor Co., Ltd. - Class A		5,000		115,913
Jiumaojiu International Holdings, Ltd.		59,000		125,699
JNBY Design, Ltd.		92,500		109,854
Joincare Pharmaceutical Group Industry Co., Ltd. - Class A		109,499		210,360
Jointown Pharmaceutical Group Co., Ltd. - Class A		64,800		135,596
JOYY, Inc. (ADR)		8,000		293,840
Kingboard Holdings, Ltd.		63,000		304,939
Kuaishou Technology (b)		14,500		135,007
Kunlun Energy Co., Ltd.		828,000		716,735
Kweichow Moutai Co., Ltd. - Class A		2,800		755,341
China—(Continued)
Lee & Man Paper Manufacturing, Ltd.		43,421		22,586
Lenovo Group, Ltd.		1,206,000		1,307,982
Li Auto, Inc. (ADR) (b)		13,000		335,530
Li Ning Co., Ltd.		163,000		1,397,069
Livzon Pharmaceutical Group, Inc. - Class H (a)		70,300		251,477
Logan Group Co., Ltd. (a)		325,000		91,765
Longfor Group Holdings, Ltd.		155,500		793,525
Lonking Holdings, Ltd.		396,000		107,863
Luxi Chemical Group Co., Ltd. - Class A		43,700		122,779
Luzhou Laojiao Co., Ltd. - Class A		4,000		116,686
Meituan - Class B (b)		209,500		4,128,327
Nanjing Iron & Steel Co., Ltd. - Class A		586,300		332,480
NARI Technology Co., Ltd. - Class A		53,120		261,431
NetDragon Websoft Holdings, Ltd.		35,500		73,989
NetEase, Inc.		149,200		2,689,727
Newborn Town, Inc. (b)		260,000		113,900
Newland Digital Technology Co., Ltd. - Class A		81,400		215,185
Ningbo Tuopu Group Co., Ltd. - Class A		18,000		159,044
NIO, Inc. (ADR) (b)		60,800		1,279,840
Nongfu Spring Co., Ltd. - Class H		90,800		482,084
ORG Technology Co., Ltd. - Class A		54,500		42,503
PetroChina Co., Ltd. - Class H		2,514,000		1,287,420
Pharmaron Beijing Co., Ltd. - Class H		43,600		526,887
PICC Property & Casualty Co., Ltd. - Class H		1,216,000		1,240,770
Pinduoduo, Inc. (ADR) (b)		19,800		794,178
Ping An Insurance Group Co. of China, Ltd. - Class A		33,800		255,722
Ping An Insurance Group Co. of China, Ltd. - Class H		399,000		2,815,176
Power Construction Corp. of China, Ltd. - Class A		177,400		202,113
Powerlong Real Estate Holdings, Ltd. (a)		95,000		24,924
Proya Cosmetics Co., Ltd. - Class A		13,145		389,522
RLX Technology, Inc. (ADR) (a) (b)		12,600		22,554
SAIC Motor Corp., Ltd. - Class A		37,300		99,655
Shaanxi Coal Industry Co., Ltd. - Class A		228,500		591,458
Shandong Chenming Paper Holdings, Ltd. - Class A		46,800		47,029
Shandong Chenming Paper Holdings, Ltd. - Class H		255,500		101,271
Shandong Hualu Hengsheng Chemical Co., Ltd. - Class A		20,180		103,081
Shandong Sinocera Functional Material Co., Ltd. - Class A		6,600		35,778
Shandong Weigao Group Medical Polymer Co., Ltd. - Class H		28,000		29,843
Shanghai AJ Group Co., Ltd. - Class A		63,200		65,245
Shanghai Fosun Pharmaceutical Group Co., Ltd. - Class H		31,000		151,017
Shanghai International Port Group Co., Ltd. - Class A		151,700		130,254
Shanghai Lujiazui Finance & Trade Zone Development Co., Ltd. - Class A		132,800		243,476
Shanghai Pharmaceuticals Holding Co., Ltd. - Class H		141,100		271,101
Shanxi Xinghuacun Fen Wine Factory Co., Ltd. - Class A		13,360		534,968
Shenzhen Energy Group Co., Ltd. - Class A		10,672		10,777
Shenzhen Expressway Corp., Ltd. - Class H		156,000		164,155
Shenzhen International Holdings, Ltd.		50,813		53,513
Shenzhen Kangtai Biological Products Co., Ltd. - Class A		3,430		50,218
Shenzhen Mindray Bio-Medical Electronics Co., Ltd. - Class A		7,400		357,265
Shenzhen Overseas Chinese Town Co., Ltd. - Class A		166,100		191,486
Sichuan Kelun Pharmaceutical Co., Ltd. - Class A		28,000		75,936
Sichuan Swellfun Co., Ltd. - Class A		11,500		149,072
Sihuan Pharmaceutical Holdings Group, Ltd.		603,000		120,044
Silergy Corp.		1,000		117,787
Sinopharm Group Co., Ltd. - Class H		179,600		408,481
Sinotrans, Ltd. - Class A		746,600		469,094

BHFTI-355

Brighthouse Funds Trust I

SSGA Emerging Markets Enhanced Index Portfolio

Schedule of Investments as of March 31, 2022 (Unaudited)

Common Stocks—(Continued)

Security Description	Shares		Value
China—(Continued)
Sinotrans, Ltd. - Class H		1,032,000	$	321,205
SITC International Holdings Co., Ltd.		19,000		67,070
Sun Art Retail Group, Ltd.		430,500		155,788
Sunny Optical Technology Group Co., Ltd.		35,700		571,802
Suzhou Dongshan Precision Manufacturing Co., Ltd. - Class A		11,100		32,445
TangShan Port Group Co., Ltd. - Class A		323,600		151,574
TBEA Co., Ltd. - Class A		76,900		245,139
Tencent Holdings, Ltd.		323,500		15,261,238
Tencent Music Entertainment Group (ADR) (b)		33,800		164,606
Tian Ge Interactive Holdings, Ltd. (b)		66,231		6,620
Tianli Education International Holdings, Ltd. (a)		365,000		35,879
Tingyi Cayman Islands Holding Corp.		265,876		445,905
Tongcheng Travel Holdings, Ltd. (b)		9,614		17,050
Topchoice Medical Corp. - Class A (b)		1,700		38,215
Topsports International Holdings, Ltd.		41,000		34,106
Tsingtao Brewery Co., Ltd. - Class H		52,000		411,638
Uni-President China Holdings, Ltd.		205,000		178,347
Vats Liquor Chain Store Management JSC, Ltd. - Class A		12,800		76,706
Vipshop Holdings, Ltd. (ADR) (b)		25,600		230,400
Virscend Education Co., Ltd. (c) (d)		216,000		12,684
Wangfujing Group Co., Ltd. - Class A		10,000		32,518
Want Want China Holdings, Ltd.		1,148,000		1,059,655
Weibo Corp. (ADR) (b)		17,100		419,121
Wolong Electric Group Co., Ltd. - Class A		33,000		67,969
Wuhu Sanqi Interactive Entertainment Network Technology Group Co., Ltd. - Class A		56,300		206,383
Wuliangye Yibin Co., Ltd. - Class A		9,800		238,109
WuXi AppTec Co., Ltd. - Class H		31,000		484,862
Wuxi Biologics Cayman, Inc. (144A) (b)		183,500		1,488,592
XD, Inc. (a)(b)		14,000		42,980
Xiamen Xiangyu Co., Ltd. - Class A		223,200		308,682
Xiaomi Corp. - Class B (b)		354,600		623,667
Xinhua Winshare Publishing & Media Co., Ltd. - Class A		56,400		84,368
Xinjiang Zhongtai Chemical Co., Ltd. - Class A		156,300		221,628
Xinte Energy Co., Ltd. - Class H		32,800		80,078
Xinxing Ductile Iron Pipes Co., Ltd. - Class A		584,200		458,662
XPeng, Inc. (ADR) (b)		20,600		568,354
Xuji Electric Co., Ltd. - Class A		20,100		59,905
Yadea Group Holdings, Ltd.		426,000		655,628
YuanShengTai Dairy Farm, Ltd. (b)		953,000		30,103
Yum China Holdings, Inc.		23,200		963,728
Zai Lab, Ltd. (ADR) (b)		217		9,544
Zhejiang Century Huatong Group Co., Ltd. - Class A (b)		11,850		11,673
Zhejiang Expressway Co., Ltd. - Class H		234,000		196,237
Zhejiang Jiahua Energy Chemical Industry Co., Ltd. - Class A		172,000		271,815
Zhejiang NHU Co., Ltd. - Class A		17,700		88,152
Zhihu, Inc. (ADR) (a)(b)		46,500		112,530
Zhongsheng Group Holdings, Ltd.		141,000		992,798
Zijin Mining Group Co., Ltd. - Class H		108,000		165,370
ZTE Corp. - Class H		111,800		227,232
ZTO Express Cayman, Inc. (ADR)		8,100		202,500
				121,577,513
Colombia—0.2%
Ecopetrol S.A.		805,309		755,149
Czech Republic—0.3%
Komercni Banka A/S		20,560		795,149
Moneta Money Bank AS		133,141		539,681
Philip Morris CR A/S		106		83,520
				1,418,350
Egypt—0.1%
Eastern Co. S.A.E.		179,207		117,739
ElSewedy Electric Co.		254,173		114,851
				232,590
Greece—0.4%
Danaos Corp.		3,800		389,804
Hellenic Telecommunications Organization S.A.		32,436		586,836
Mytilineos S.A.		25,602		418,273
OPAP S.A.		22,928		333,550
				1,728,463
Hong Kong—0.5%
Bosideng International Holdings, Ltd. (a)		1,320,000		613,660
China High Speed Transmission Equipment Group Co., Ltd. (a) (b)		535,000		322,969
Huabao International Holdings, Ltd. (a)		234,000		129,535
Kingboard Laminates Holdings, Ltd.		229,500		376,293
Nine Dragons Paper Holdings, Ltd.		30,952		26,910
Sino Biopharmaceutical, Ltd. (a)		147,000		91,188
Skyworth Group, Ltd. (b)		246,000		125,203
Truly International Holdings, Ltd.		482,000		136,497
United Laboratories International Holdings, Ltd. (The)		276,000		144,341
Vinda International Holdings, Ltd.		112,000		252,593
				2,219,189
Hungary—0.1%
Magyar Telekom Telecommunications plc		42,755		51,983
MOL Hungarian Oil & Gas plc		51,279		452,553
				504,536
India—12.6%
Ajanta Pharma, Ltd.		3,652		86,751
Alkem Laboratories, Ltd.		8,585		410,211
Ambuja Cements, Ltd.		119,870		470,785
Apollo Hospitals Enterprise, Ltd.		8,585		509,104
Apollo Tyres, Ltd.		24,674		61,818
Asian Paints, Ltd.		9,122		368,520
Axis Bank, Ltd. (b)		43,287		430,688
Bajaj Auto, Ltd.		1,894		91,439
Bajaj Finance, Ltd.		6,966		662,145
Bajaj Finserv, Ltd.		3,239		718,203
Balkrishna Industries, Ltd.		18,235		508,999
Balrampur Chini Mills, Ltd.		16,900		108,283
Bharat Electronics, Ltd.		367,782		1,016,081
Bharat Petroleum Corp., Ltd.		56,639		267,665
Bharti Airtel, Ltd. (b)		68,775		684,019
Birlasoft, Ltd.		65,696		391,470
Bombay Burmah Trading Co.		6,950		78,493
CESC, Ltd.		223,332		221,599
Chambal Fertilizers and Chemicals, Ltd.		71,804		395,855

BHFTI-356

Brighthouse Funds Trust I

SSGA Emerging Markets Enhanced Index Portfolio

Schedule of Investments as of March 31, 2022 (Unaudited)

Common Stocks—(Continued)

Security Description	Shares		Value
India—(Continued)
Cyient, Ltd.		33,563	$	408,059
Dabur India, Ltd.		20,262		143,167
DCM Shriram, Ltd.		24,986		372,543
Divi’s Laboratories, Ltd.		20,434		1,188,884
EID Parry India, Ltd.		23,303		139,472
Emami, Ltd.		64,232		379,007
Engineers India, Ltd.		45,586		38,284
Finolex Industries, Ltd.		20,842		41,792
GAIL India, Ltd.		510,256		1,046,133
Glenmark Pharmaceuticals, Ltd.		44,332		257,059
Godfrey Phillips India, Ltd.		3,458		45,911
Grasim Industries, Ltd.		54,179		1,187,886
Gujarat State Petronet, Ltd.		106,922		360,889
HCL Technologies, Ltd.		117,854		1,798,396
Hindalco Industries, Ltd.		181,742		1,358,925
Hindustan Aeronautics, Ltd.		22,120		433,264
Hindustan Unilever, Ltd.		17,231		463,453
Housing Development Finance Corp., Ltd.		70,684		2,208,295
ICICI Bank, Ltd.		225,944		2,166,896
IIFL Wealth Management, Ltd.		3,631		80,386
Indian Oil Corp., Ltd.		563,250		883,631
Indus Towers, Ltd. (b)		107,206		310,886
Infosys, Ltd. (ADR)		224,000		5,575,360
ITC, Ltd.		229,392		756,189
JB Chemicals & Pharmaceuticals, Ltd.		17,240		356,473
JK Lakshmi Cement, Ltd.		18,723		116,158
JK Tyre & Industries, Ltd.		59,904		92,618
JSW Steel, Ltd.		125,032		1,205,660
Kalpataru Power Transmission, Ltd.		46,383		223,272
Kotak Mahindra Bank, Ltd.		1,481		34,040
Mahindra & Mahindra, Ltd.		37,358		396,892
Manappuram Finance, Ltd.		19,672		29,298
Marico, Ltd.		48,229		319,420
Motilal Oswal Financial Services, Ltd.		10,753		122,708
Muthoot Finance, Ltd.		13,796		242,398
NHPC, Ltd.		800,792		293,238
NTPC, Ltd.		521,507		925,917
Oil & Natural Gas Corp., Ltd.		246,397		530,117
Oil India, Ltd.		76,505		240,063
Oracle Financial Services Software, Ltd.		3,611		169,751
Orient Cement, Ltd.		55,756		103,832
Page Industries, Ltd.		1,156		654,306
Petronet LNG, Ltd.		15,492		39,461
Piramal Enterprises, Ltd.		2,451		70,254
Polyplex Corp., Ltd.		9,940		314,908
Power Grid Corp. of India, Ltd.		478,179		1,364,049
Rajesh Exports, Ltd.		7,679		69,323
REC, Ltd.		245,384		397,310
Redington India, Ltd.		217,279		413,329
Reliance Industries, Ltd.		137,154		4,749,437
Shriram Transport Finance Co., Ltd.		41,138		612,094
Sonata Software, Ltd.		17,518		170,624
State Bank of India		122,300		790,251
Sun Pharmaceutical Industries, Ltd.		76,889		925,057
Sun TV Network, Ltd.		25,982		166,598
Tata Chemicals, Ltd.		33,143		424,768
Tata Steel, Ltd.		75,295		1,291,375
India—(Continued)
Tech Mahindra, Ltd.		76,826		1,514,757
Torrent Power, Ltd.		58,076		373,982
Trident, Ltd.		249,088		174,107
UltraTech Cement, Ltd.		914		79,144
UPL, Ltd.		105,427		1,060,754
Vedanta, Ltd.		218,112		1,156,357
Welspun India, Ltd.		229,124		271,893
Wipro, Ltd.		181,442		1,418,798
				53,031,686
Indonesia—1.7%
Astra International Tbk PT		2,290,700		1,046,514
Bank Central Asia Tbk PT		2,942,200		1,630,095
Bank Mandiri Persero Tbk PT		2,603,000		1,428,280
Bank Rakyat Indonesia Persero Tbk PT		3,090,100		994,964
Indo Tambangraya Megah Tbk PT		215,800		429,703
Indofood Sukses Makmur Tbk PT		815,900		337,731
Indosat Tbk PT		220,400		79,373
Japfa Comfeed Indonesia Tbk PT		850,000		97,549
Perusahaan Perkebunan London Sumatra Indonesia Tbk PT		1,541,400		151,642
Telkom Indonesia Persero Tbk PT		455,800		145,355
Telkom Indonesia Persero Tbk PT (ADR)		28,800		920,160
				7,261,366
Malaysia—1.3%
Alliance Bank Malaysia Bhd		62,000		55,319
AMMB Holdings Bhd (b)		29,554		25,991
Astro Malaysia Holdings Bhd		368,000		96,166
Axiata Group Bhd		108,500		97,725
Bumi Armada Bhd (b)		3,077,300		299,654
CIMB Group Holdings Bhd		462,800		585,873
Hartalega Holdings Bhd		50,800		58,582
Hong Leong Financial Group Bhd		31,400		146,133
IHH Healthcare Bhd		486,500		714,302
Malayan Banking Bhd		44,000		93,452
MISC Bhd		122,700		214,055
Petronas Chemicals Group Bhd		278,900		636,920
Petronas Gas Bhd		35,400		140,301
Public Bank Bhd		76,600		84,906
RHB Bank Bhd		514,358		727,908
Sime Darby Bhd		1,055,600		601,797
Telekom Malaysia Bhd		244,300		283,613
Tenaga Nasional Bhd		75,500		161,581
Top Glove Corp. Bhd		536,800		245,791
Westports Holdings Bhd		44,200		41,996
YTL Power International Bhd		104,136		16,322
				5,328,387
Mexico—2.4%
Alfa S.A.B. de C.V. - Class A		638,400		485,299
Alpek S.A.B. de C.V.		72,900		100,242
Alsea S.A.B. de C.V. (b)		45,400		112,553
America Movil S.A.B. de C.V. -Series L		2,540,173		2,690,872
Arca Continental S.A.B. de C.V.		103,800		704,473
Fibra Uno Administracion S.A. de C.V.		733,700		859,488

BHFTI-357

Brighthouse Funds Trust I

SSGA Emerging Markets Enhanced Index Portfolio

Schedule of Investments as of March 31, 2022 (Unaudited)

Common Stocks—(Continued)

Security Description	Shares		Value
Mexico—(Continued)
Fomento Economico Mexicano S.A.B. de C.V.		8,400	$	69,742
GMexico Transportes S.A.B. de C.V.		42,500		77,778
Grupo Bimbo S.A.B. de C.V. -Series A		374,900		1,130,920
Grupo Comercial Chedraui S.A. de C.V.		82,800		212,266
Grupo Financiero Banorte S.A.B. de C.V. - Class O		230,600		1,736,978
Grupo Mexico S.A.B. de C.V. - Series B		34,600		206,573
Orbia Advance Corp. S.A.B. de C.V.		274,000		724,743
Wal-Mart de Mexico S.A.B. de C.V.		248,500		1,018,363
				10,130,290
Peru—0.1%
Credicorp, Ltd.		300		51,561
Intercorp Financial Services, Inc. (a)		4,900		169,295
				220,856
Philippines—0.7%
DMCI Holdings, Inc.		703,000		122,587
Filinvest Land, Inc.		2,072,000		43,270
First Gen Corp.		70,600		35,979
Globe Telecom, Inc.		9,810		481,036
International Container Terminal Services, Inc.		171,860		743,913
Manila Electric Co.		49,830		359,458
Metropolitan Bank & Trust Co.		186,980		205,753
Nickel Asia Corp.		749,500		113,960
PLDT, Inc.		26,395		943,338
Semirara Mining & Power Corp.		195,600		115,516
				3,164,810
Poland—0.6%
Asseco Poland S.A.		17,977		344,157
Bank Polska Kasa Opieki S.A.		22,125		589,855
Cyfrowy Polsat S.A.		64,198		420,718
Dino Polska S.A. (b)		1,730		138,220
KRUK S.A.		3,576		264,528
Powszechna Kasa Oszczednosci Bank Polski S.A. (b)		104,362		981,238
				2,738,716
Qatar—0.7%
Doha Bank QPSC		83,099		58,904
Industries Qatar QSC		45,058		234,528
Masraf Al Rayan QSC		621,839		882,589
Ooredoo QPSC		28,316		55,391
Qatar Gas Transport Co., Ltd.		301,507		296,269
Qatar International Islamic Bank QSC		23,669		71,969
Qatar Islamic Bank SAQ		105,474		690,704
Qatar National Bank QPSC		125,725		795,640
Vodafone Qatar QSC		106,310		46,545
				3,132,539
Russia—0.0%
Gazprom PJSC (ADR) (c) (d)		288,129		0
Gazprom PJSC (ADR) (c) (d)		9,700		0
LUKOIL PJSC (ADR) (c) (d)		28,706		0
Magnit PJSC (GDR) (c) (d)		28,605		0
MMC Norilsk Nickel PJSC (ADR) (c) (d)		9,141		0
Russia—(Continued)
Mobile TeleSystems PJSC (ADR) (c) (d)		126,600		0
Novatek PJSC (GDR) (c) (d)		1,686		0
Novolipetsk Steel PJSC (GDR) (c) (d)		19,696		0
PhosAgro PJSC (GDR) (c) (d)		44,847		0
Rosneft Oil Co. PJSC (GDR) (c) (d)		77,745		0
Sberbank of Russia PJSC (ADR) (c) (d)		178,524		0
Sberbank of Russia PJSC (ADR) (c) (d)		41,346		0
Severstal PAO (GDR) (c) (d)		30,364		0
Tatneft PJSC (ADR) (c) (d)		7,842		0
X5 Retail Group NV (GDR) (c) (d)		23,631		0
				0
Saudi Arabia—4.0%
Al Rajhi Bank		86,074		3,670,145
Alinma Bank		115,489		1,190,552
Arab National Bank		83,039		614,192
Arriyadh Development Co.		61,351		450,266
Bank Al-Jazira		141,662		991,197
Banque Saudi Fransi		62,428		893,012
Etihad Etisalat Co.		8,780		96,428
Leejam Sports Co. JSC		11,730		393,033
Mouwasat Medical Services Co.		8		452
National Industrialization Co. (b)		152,495		934,788
National Medical Care Co.		3,401		75,036
Riyad Bank		82,498		825,286
SABIC Agri-Nutrients Co.		6,912		334,622
Sahara International Petrochemical Co.		81,222		1,156,865
Saudi Arabian Mining Co. (b)		4,872		173,471
Saudi Arabian Oil Co.		53,814		617,703
Saudi Basic Industries Corp.		71,373		2,485,359
Saudi Industrial Investment Group		9,219		85,576
Saudi National Bank (The)		80,865		1,522,487
Saudi Telecom Co.		5,300		151,670
United Electronics Co.		191		6,772
United International Transportation Co.		29,834		409,528
				17,078,440
Singapore—0.1%
BOC Aviation, Ltd. (a)		45,900		360,627
South Africa—3.9%
Absa Group, Ltd.		57,173		742,364
African Rainbow Minerals, Ltd. (a)		18,469		361,279
Anglo American Platinum, Ltd. (a)		5,041		692,233
AngloGold Ashanti, Ltd.		3,371		80,147
Barloworld, Ltd.		30,680		243,486
Capitec Bank Holdings, Ltd.		1,253		200,188
Coronation Fund Managers, Ltd.		41,710		132,019
Exxaro Resources, Ltd.		6,056		91,279
FirstRand, Ltd.		121,796		643,130
Gold Fields, Ltd.		48,411		750,154
Impala Platinum Holdings, Ltd.		61,164		941,086
Investec, Ltd.		64,485		429,488
KAP Industrial Holdings, Ltd.		192,476		64,079
Kumba Iron Ore, Ltd.		15,488		685,985
Life Healthcare Group Holdings, Ltd.		228,176		363,350

BHFTI-358

Brighthouse Funds Trust I

SSGA Emerging Markets Enhanced Index Portfolio

Schedule of Investments as of March 31, 2022 (Unaudited)

Common Stocks—(Continued)

Security Description	Shares		Value
South Africa—(Continued)
Motus Holdings, Ltd.		58,863	$	431,366
Mr. Price Group, Ltd.		27,128		400,431
MTN Group, Ltd.		70,631		915,189
MultiChoice Group		31,197		280,336
Naspers, Ltd. - N Shares		11,013		1,246,840
Northam Platinum Holdings, Ltd. (b)		30,339		453,165
Old Mutual, Ltd.		483,946		453,590
Omnia Holdings, Ltd.		37,943		194,655
PSG Group, Ltd. (b)		45,366		296,489
Reunert, Ltd.		45,892		141,365
Sasol, Ltd. (b)		22,281		539,970
Shoprite Holdings, Ltd.		81,135		1,309,296
Sibanye Stillwater, Ltd.		332,199		1,349,345
Standard Bank Group, Ltd.		60,681		754,969
Truworths International, Ltd.		87,206		347,945
Vodacom Group, Ltd.		29,360		320,862
Vukile Property Fund, Ltd.		103,941		99,899
Woolworths Holdings, Ltd. (a)		154,069		607,481
				16,563,460
South Korea—11.9%
BGF retail Co., Ltd.		2,327		334,407
Celltrion, Inc.		455		63,919
Cheil Worldwide, Inc.		25,889		501,562
Chong Kun Dang Pharmaceutical Corp.		2,508		202,483
CJ ENM Co., Ltd.		4,310		463,158
Com2uSCorp		2,564		232,147
Daishin Securities Co., Ltd.		18,907		276,204
DB HiTek Co., Ltd.		6,652		407,790
DB Insurance Co., Ltd.		18,426		1,059,496
DoubleUGames Co., Ltd.		867		36,570
E-MART, Inc.		1,940		224,547
GOLFZON Co., Ltd.		1,275		163,693
Green Cross Corp.		1,024		170,223
Green Cross Holdings Corp.		3,469		67,950
GS Engineering & Construction Corp.		7,471		284,370
Halla Holdings Corp.		1,668		55,897
Hana Financial Group, Inc.		37,926		1,514,061
Hankook Tire & Technology Co., Ltd.		10,788		298,121
Humasis Co., Ltd.		7,234		107,493
Hyosung TNC Corp.		62		23,631
Hyundai Glovis Co., Ltd.		5,159		815,804
Hyundai Mobis Co., Ltd.		2,675		472,444
Hyundai Motor Co.		4,892		723,621
i-SENS, Inc.		2,515		60,820
Kakao Corp.		8,285		719,546
KB Financial Group, Inc.		39,495		1,985,509
Kia Corp.		29,025		1,762,740
Kolon Industries, Inc.		4,781		248,401
Korea Investment Holdings Co., Ltd.		2,864		184,444
Korea Real Estate Investment & Trust Co., Ltd.		170,832		330,548
Korean Reinsurance Co.		16,123		130,501
KT&G Corp.		18,794		1,250,792
Kumho Petrochemical Co., Ltd.		4,446		564,690
KUMHOE&C Co., Ltd.		12,812		116,848
LG Chem, Ltd.		1,366		592,237
South Korea—(Continued)
LG Corp.		3,484		218,726
LG Electronics, Inc.		12,212		1,205,126
LG Innotek Co., Ltd.		3,240		1,025,270
LG Uplus Corp.		38,362		442,021
LS Electric Co., Ltd.		909		33,714
LX Semicon Co. Ltd.		3,608		429,219
MegaStudyEdu Co., Ltd.		1,107		93,829
Mirae Asset Securities Co., Ltd.		129,734		912,409
NAVER Corp.		4,035		1,128,280
Neowiz (b)		3,640		73,568
NH Investment & Securities Co., Ltd.		46,359		434,520
Osstem Implant Co., Ltd. (c) (d)		4,035		356,294
POSCO Holdings, Inc.		4,327		1,039,221
Samsung C&T Corp.		594		55,559
Samsung Electro-Mechanics Co., Ltd.		8,970		1,210,870
Samsung Electronics Co., Ltd.		281,614		16,087,944
Samsung Engineering Co., Ltd. (b)		9,160		197,242
Samsung Fire & Marine Insurance Co., Ltd.		3,837		690,316
Samsung Life Insurance Co., Ltd.		972		52,662
Samsung SDI Co., Ltd.		1,555		758,754
Samsung Securities Co., Ltd.		14,365		494,329
SD Biosensor, Inc.		11,474		529,079
Seegene, Inc.		8,269		347,836
Shinhan Financial Group Co., Ltd.		32,336		1,102,889
SK Bioscience Co., Ltd. (b)		819		104,917
SK Gas, Ltd.		108		10,212
SK Hynix, Inc.		37,939		3,631,637
SK Inc.		2,605		517,555
SK Telecom Co., Ltd.		12,256		573,614
Suheung Co., Ltd.		2,317		76,902
Woori Financial Group, Inc.		8,764		109,945
				50,391,126
Taiwan—15.5%
Acer, Inc.		109,000		113,594
Advanced International Multitech Co., Ltd.		22,000		60,109
ASE Technology Holding Co., Ltd.		359,000		1,280,485
Asia Vital Components Co., Ltd.		73,000		294,286
Asustek Computer, Inc.		60,000		780,421
AU Optronics Corp.		245,000		168,479
Cathay Financial Holding Co., Ltd.		817,251		1,832,757
Chicony Power Technology Co., Ltd.		19,000		54,689
China Development Financial Holding Corp.		2,123,984		1,415,233
China Steel Corp.		81,000		109,545
ChipMOS Technologies, Inc.		216,000		384,080
Chunghwa Telecom Co., Ltd.		296,000		1,312,304
Compeq Manufacturing Co., Ltd.		248,000		415,227
Coretronic Corp.		60,000		146,285
CTBC Financial Holding Co., Ltd.		1,873,000		1,915,671
Delta Electronics, Inc.		33,000		306,973
Evergreen Marine Corp. Taiwan, Ltd.		120,000		561,184
Far Eastern Department Stores, Ltd.		217,000		160,301
Far Eastern New Century Corp.		121,000		128,085
Farglory Land Development Co., Ltd.		86,000		204,527
First Financial Holding Co., Ltd.		841,502		834,075
Fubon Financial Holding Co., Ltd.		745,176		1,982,025

BHFTI-359

Brighthouse Funds Trust I

SSGA Emerging Markets Enhanced Index Portfolio

Schedule of Investments as of March 31, 2022 (Unaudited)

Common Stocks—(Continued)

Security Description	Shares		Value
Taiwan—(Continued)
Gamania Digital Entertainment Co., Ltd.		154,000	$	366,818
Gigabyte Technology Co., Ltd.		61,000		273,693
Global Mixed Mode Technology, Inc.		12,000		98,863
Great Wall Enterprise Co., Ltd.		56,650		106,861
Holtek Semiconductor, Inc.		73,000		301,592
Hon Hai Precision Industry Co., Ltd.		904,000		3,330,303
Huaku Development Co., Ltd.		33,000		103,668
Kindom Development Co., Ltd.		317,100		398,665
King’s Town Bank Co., Ltd.		296,000		415,905
Kung Long Batteries Industrial Co., Ltd.		7,000		33,576
Lite-On Technology Corp.		468,000		1,108,784
MediaTek, Inc.		97,000		3,024,352
Mega Financial Holding Co., Ltd.		47,000		70,145
Micro-Star International Co., Ltd.		31,000		139,601
momo.com, Inc.		10,400		338,140
Nan Ya Plastics Corp.		39,000		126,394
Novatek Microelectronics Corp.		51,000		752,749
Parade Technologies, Ltd.		6,000		375,039
Phison Electronics Corp.		17,000		279,574
Pou Chen Corp.		293,000		321,494
Quanta Computer, Inc.		171,000		523,761
Realtek Semiconductor Corp.		53,000		789,846
Shin Kong Financial Holding Co., Ltd.		1,660,000		622,208
Simplo Technology Co., Ltd.		37,000		399,854
Sinon Corp.		83,000		97,120
SinoPac Financial Holdings Co., Ltd.		1,921,000		1,229,270
Taishin Financial Holding Co., Ltd.		1,767,818		1,262,207
Taiwan Hon Chuan Enterprise Co., Ltd.		108,000		296,174
Taiwan Semiconductor Manufacturing Co., Ltd.		1,408,000		29,109,603
Teco Electric and Machinery Co., Ltd.		214,000		239,467
Test Research, Inc.		28,000		66,130
Tong Hsing Electronic Industries, Ltd.		12,000		120,315
TXC Corp.		82,000		291,571
United Integrated Services Co., Ltd.		23,000		156,145
United Microelectronics Corp.		609,000		1,124,669
Wan Hai Lines, Ltd.		55,700		305,578
Winbond Electronics Corp.		348,000		374,610
Yang Ming Marine Transport Corp. (b)		119,000		512,825
YFY, Inc.		269,000		320,028
Yuanta Financial Holding Co., Ltd.		1,493,160		1,372,689
				65,640,621
Thailand—2.1%
Advanced Info Service PCL (NVDR)		71,234		497,300
Advanced Information Technology PCL (NVDR)		500,700		111,930
AP Thailand PCL (NVDR)		2,569,100		847,356
Chularat Hospital PCL - Class F		3,932,400		456,513
Delta Electronics Thailand PCL		15,600		182,039
Indorama Ventures PCL		172,400		241,101
Kasikornbank PCL (NVDR)		60,900		295,800
Kiatnakin Phatra Bank PCL (NVDR)		318,400		657,248
PTT Exploration & Production PCL (NVDR)		269,400		1,165,127
PTT PCL		865,100		1,001,695
Siam Cement PCL (The)		605		6,969
Siam Commercial Bank PCL (The)		156,000		534,857
SPCG PCL		70,100		36,473
Thailand—(Continued)
Supalai PCL		809,800		528,501
Supalai PCL (NVDR)		435,200		283,545
Thai Union Group PCL (NVDR)		1,438,400		815,638
Thai Vegetable Oil PCL (NVDR)		106,600		100,255
Thanachart Capital PCL		137,200		177,432
Tisco Financial Group PCL (NVDR)		279,200		841,671
				8,781,450
Turkey—0.4%
Anadolu Efes Biracilik Ve Malt Sanayii A/S		20,226		36,980
Ford Otomotiv Sanayi A/S		39,725		808,014
KOC Holding A/S		213,522		573,530
Turkcell Iletisim Hizmetleri A/S		165,754		254,477
				1,673,001
United Arab Emirates—1.4%
Abu Dhabi Commercial Bank PJSC		215,349		613,360
Abu Dhabi Islamic Bank PJSC		202,343		480,636
Aldar Properties PJSC		858,408		1,148,574
Dubai Islamic Bank PJSC		310,962		521,185
Emirates NBD Bank PJSC		150,305		612,463
Emirates Telecommunications Group Co. PJSC		163,669		1,646,342
First Abu Dhabi Bank PJSC		113,408		727,673
				5,750,233
Total Common Stocks (Cost $391,395,452)				399,830,960
Preferred Stocks—2.3%
Brazil—1.7%
Banco Bradesco S.A.		111,760		521,588
Braskem S.A. - Class A		74,900		696,920
Cia Energetica de Minas Gerais		344,500		1,100,565
Cia Paranaense de Energia		146,500		232,625
Gerdau S.A.		45,600		295,089
Itausa S.A.		597,440		1,348,963
Petroleo Brasileiro S.A.		366,100		2,572,131
Randon S.A. Implementos e Participacoes		33,100		74,250
Unipar Carbocloro S.A.		17,800		389,009
				7,231,140
South Korea —0.6%
Samsung Electronics Co., Ltd.		45,266		2,341,331
Taiwan—0.0%
China Development Financial Holding Corp.		5,460		1,749
Total Preferred Stocks (Cost $7,391,925)				9,574,220

BHFTI-360

Brighthouse Funds Trust I

SSGA Emerging Markets Enhanced Index Portfolio

Schedule of Investments as of March 31, 2022 (Unaudited)

Short-Term Investment—2.4%

Security Description	Shares/ Principal Amount*		Value
Mutual Funds—2.4%
Invesco STIC Prime Portfolio		10,058,663	$	10,058,663
Total Short-Term Investments (Cost $10,058,663)				10,058,663
Securities Lending Reinvestments (e)—0.5%
Repurchase Agreements—0.2%
BofA Securities, Inc. Repurchase Agreement dated 03/31/22 at 0.270%, due on 04/01/22 with a maturity value of $400,003; collateralized by U.S. Treasury Obligations with rates ranging from 2.000% - 5.000%, maturity dates ranging from 05/15/37 - 02/15/50, and an aggregate market value of $408,000.		400,000		400,000
HSBC Securities, Inc. Repurchase Agreement dated 03/31/22 at 0.300%, due on 04/01/22 with a maturity value of $353,987; collateralized by U.S. Treasury Obligations with rates ranging from 1.000% - 2.250%, maturity dates ranging from 10/15/22 - 02/15/48, and an aggregate market value of $361,067.		353,984		353,984
				753,984
Mutual Funds—0.3%
Allspring Government Money Market Fund, Select Class  0.180% (f)		210,000		210,000
BlackRock Liquidity Funds FedFund, Institutional Shares 0.230% (f)		200,000		200,000
Fidelity Government Portfolio, Institutional Class  0.160% (f)		200,000		200,000
Goldman Sachs Financial Square Government Fund, Institutional Shares 0.250% (f)		300,000		300,000
Morgan Stanley Liquidity Funds Government Portfolio, Institutional Shares 0.230% (f)		200,000		200,000
STIT-Government & Agency Portfolio, Institutional Class  0.250% (f)		200,000		200,000
U.S. Government Money Market Fund, Institutional Share 0.190% (f)		75,000		75,000
				1,385,000
Total Securities Lending Reinvestments (Cost $2,138,984)				2,138,984
Total Investments—99.8% (Cost $410,985,024)				421,602,827
Other assets and liabilities (net)—0.2%				885,553
Net Assets—100.0%			$	422,488,380

*	Principal amount stated in U.S. dollars unless otherwise noted.
(a)	All or a portion of the security was held on loan. As of March 31, 2022, the market value of securities loaned was $3,862,441 and the collateral received consisted of cash in the amount of $2,138,984 and non-cash collateral with a value of $2,018,881. 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)	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 March 31, 2022, these securities represent 0.2% of net assets.
(e)	Represents investment of cash collateral received from securities on loan as of March 31, 2022.
(f)	The rate shown represents the annualized seven-day yield as of March 31, 2022.
(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 March 31, 2022, the market value of 144A securities was $1,777,696, which is 0.4% of net assets.

Ten Largest Industries as of March 31, 2022 (Unaudited)	% of Net Assets
Banks		14.9
Semiconductors & Semiconductor Equipment		10.1
Technology Hardware, Storage & Peripherals		5.6
Internet & Direct Marketing Retail		5.3
Interactive Media & Services		5.0
Oil, Gas & Consumable Fuels		4.9
Metals & Mining		4.5
Chemicals		3.6
Insurance		3.0
Automobiles		2.8

BHFTI-361

Brighthouse Funds Trust I

SSGA Emerging Markets Enhanced Index Portfolio

Schedule of Investments as of March 31, 2022 (Unaudited)

Futures Contracts

Futures Contracts—Long	Expiration Date	Number of Contracts		Notional Amount		Value/ Unrealized Appreciation/ (Depreciation)
MSCI Emerging Markets Index Mini Futures	06/17/22		208	USD	11,705,200	$	646,931

Glossary of Abbreviations

Currencies

(USD)— United States Dollar

Other Abbreviations

(NVDR)—	Non-Voting Depository Receipts
(ADR)—	American Depositary Receipt
(GDR)—	Global 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 March 31, 2022:

Description	Level 1		Level 2		Level 3		Total
Common Stocks
Brazil	$	17,605,647	$	—	$	—	$	17,605,647
Chile		2,541,915		—		—		2,541,915
China		9,034,076		112,217,475		325,962		121,577,513
Colombia		755,149		—		—		755,149
Czech Republic		—		1,418,350		—		1,418,350
Egypt		—		232,590		—		232,590
Greece		389,804		1,338,659		—		1,728,463
Hong Kong		—		2,219,189		—		2,219,189
Hungary		—		504,536		—		504,536
India		5,575,360		47,456,326		—		53,031,686
Indonesia		920,160		6,341,206		—		7,261,366
Malaysia		—		5,328,387		—		5,328,387
Mexico		10,130,290		—		—		10,130,290
Peru		220,856		—		—		220,856
Philippines		—		3,164,810		—		3,164,810
Poland		—		2,738,716		—		2,738,716
Qatar		—		3,132,539		—		3,132,539
Russia		—		—		0		0
Saudi Arabia		—		17,078,440		—		17,078,440
Singapore		—		360,627		—		360,627
South Africa		—		16,563,460		—		16,563,460

BHFTI-362

Brighthouse Funds Trust I

SSGA Emerging Markets Enhanced Index Portfolio

Schedule of Investments as of March 31, 2022 (Unaudited)

Fair Value Hierarchy—(Continued)

Description	Level 1		Level 2			Level 3		Total
South Korea	$	—	$	50,034,832		$	356,294	$	50,391,126
Taiwan		—		65,640,621			—		65,640,621
Thailand		3,165,580		5,615,870			—		8,781,450
Turkey		—		1,673,001			—		1,673,001
United Arab Emirates		—		5,750,233			—		5,750,233
Total Common Stocks		50,338,837		348,809,867			682,256		399,830,960
Preferred Stocks
Brazil		7,231,140		—			—		7,231,140
South Korea		—		2,341,331			—		2,341,331
Taiwan		—		1,749			—		1,749
Total Preferred Stocks		7,231,140		2,343,080			—		9,574,220
Total Short-Term Investment*		10,058,663		—			—		10,058,663
Securities Lending Reinvestments
Repurchase Agreements		—		753,984			—		753,984
Mutual Funds		1,385,000		—			—		1,385,000
Total Securities Lending Reinvestments		1,385,000		753,984			—		2,138,984
Total Investments	$	69,013,640	$	351,906,931		$	682,256	$	421,602,827
Collateral for Securities Loaned (Liability)	$	—	$	(2,138,984	)	$	—	$	(2,138,984	)
Futures Contracts
Futures Contracts (Unrealized Appreciation)	$	646,931	$	—		$	—	$	646,931

* 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 March 31, 2022 is not presented.

During the period ended March 31, 2022, a transfer out of Level 3 in the amount of $89,406 was due to the initiation of trading activity which resulted in the availability of significant observable inputs.

During the period ended March 31, 2022, transfers into Level 3 in the amount of $15,080,770 were due to trading halts on the securities’ respective exchanges which resulted in the lack of observable inputs.

BHFTI-363

Brighthouse Funds Trust I

SSGA Growth and Income ETF Portfolio

Schedule of Investments as of March 31, 2022 (Unaudited)

Mutual Funds—95.3% of Net Assets

Security Description	Shares/ Principal Amount*		Value
Investment Company Securities—95.3%
Energy Select Sector SPDR Fund (a) (b)		260,371	$	19,902,759
Financial Select Sector SPDR Fund (a) (b)		568,659		21,791,013
Invesco Optimum Yield Diversified Commodity Strategy No. K-1 ETF		2,656,448		46,859,743
iShares 20+ Year Treasury Bond ETF (a)		1,125,575		148,665,946
iShares Core MSCI Emerging Markets ETF		2,674,602		148,574,141
iShares Core S&P Mid-Cap ETF (a)		160,655		43,110,163
iShares Core S&P Small-Cap ETF		1,067,221		115,131,801
iShares MSCI Canada ETF (a)		537,286		21,604,270
iShares MSCI EAFE ETF (a)		3,157,075		232,360,720
iShares TIPS Bond ETF (a)		786,994		98,035,843
Materials Select Sector SPDR Fund (a) (b)		253,720		22,365,418
SPDR Bloomberg Barclays High Yield Bond ETF (a) (b)		996,472		102,138,380
SPDR Dow Jones International Real Estate ETF (a) (b)		633,195		21,598,281
SPDR Gold Shares (a) (b)		369,693		66,785,040
SPDR S&P 500 ETF Trust (a) (b)		1,334,515		602,720,355
SPDR S&P International Small Cap ETF (a) (b)		1,222,853		42,995,511
Technology Select Sector SPDR Fund (a) (b)		140,997		22,408,653
Vanguard Long-Term Corporate Bond ETF (a)		792,565		74,239,564
Vanguard Real Estate ETF (a)		197,251		21,376,091
Vanguard Total Bond Market ETF (a)		1,445,992		115,014,204
Total Mutual Funds (Cost $1,895,063,376)				1,987,677,896
Short-Term Investment—4.6%
Mutual Funds—4.6%
Invesco STIC Prime Portfolio		95,697,516		95,697,515
Total Short-Term Investments (Cost $95,697,515)				95,697,515
Securities Lending Reinvestments (c)—17.8%
Certificates of Deposit—7.3%
Bank of Montreal 0.300%, 06/02/22		12,000,000		11,991,192
Bank of Nova Scotia 0.320%, 06/07/22		10,000,000		9,991,840
Barclays Bank plc 0.180%, 04/07/22		15,000,000		14,999,445
BNP Paribas S.A. 0.490%, SOFR + 0.220%, 11/17/22 (d)		5,000,000		4,992,960
Canadian Imperial Bank of Commerce (NY) 0.520%, SOFR + 0.250%, 02/03/23 (d)		7,000,000		6,989,607
Credit Industriel et Commercial Zero Coupon, 04/14/22		10,000,000		9,998,300
Credit Industriel et Commercial (NY) 0.480%, SOFR + 0.210%, 11/08/22 (d)		5,000,000		4,990,775
Mitsubishi UFJ Trust and Banking Corp. 0.430%, SOFR + 0.160%, 07/22/22 (d)		5,000,000		4,996,795
Mizuho Bank, Ltd. 0.250%, 05/05/22		5,000,000		4,998,455
Security Description	Principal Amount*		Value
Certificates of Deposit—(Continued)
MUFG Bank Ltd. 0.780%, SOFR + 0.500%, 05/09/22 (d)		10,000,000		10,003,107
National Australia Bank, Ltd. Zero Coupon, 04/25/22		4,000,000		3,998,560
National Westminster Bank plc 0.440%, 05/11/22		10,000,000		9,998,200
Nordea Bank Abp. 0.720%, SOFR + 0.450%, 08/30/22 (d)		5,000,000		4,999,990
Oversea-Chinese Banking Corp., Ltd. Zero Coupon, 04/14/22		4,500,000		4,499,235
Royal Bank of Canada 0.520%, SOFR + 0.250%, 01/11/23 (d)		15,000,000		14,964,930
Standard Chartered Bank (NY) 0.460%, SOFR + 0.190%, 08/25/22 (d)		10,000,000		9,991,833
Sumitomo Mitsui Banking Corp.
0.200%, 04/26/22		10,000,000		9,997,740
0.720%, SOFR + 0.450%, 09/06/22 (d)		5,000,000		4,999,650
Westpac Banking Corp. 0.500%, SOFR + 0.230%, 02/17/23 (d)		5,000,000		4,984,365
				152,386,979
Commercial Paper—0.7%
Skandinaviska Enskilda Banken AB 0.200%, 04/28/22		11,000,000		10,995,820
UBS AG 0.350%, 06/08/22		5,000,000		4,992,480
				15,988,300
Master Demand Notes—0.6%
Natixis Financial Products LLC 0.550%, OBFR + 0.230%, 04/01/22 (d)		12,000,000		12,000,000
Repurchase Agreements—9.0%
Barclays Bank plc Repurchase Agreement dated 03/31/22 at 0.600%, due on 05/05/22 with a maturity value of $20,011,667; collateralized by various Common Stock with an aggregate market value of $22,229,136.		20,000,000		20,000,000
BofA Securities, Inc.
Repurchase Agreement dated 03/31/22 at 0.600%, due on 04/18/22 with a maturity value of $8,002,400; collateralized by U.S. Treasury Obligations with rates ranging from 0.000% - 2.250%, maturity dates ranging from 07/21/22 - 08/15/49, and various Common Stock with an aggregate market value of $8,467,356.		8,000,000		8,000,000
Repurchase Agreement dated 03/31/22 at 0.600%, due on 05/05/22 with a maturity value of $12,007,000; collateralized by U.S. Treasury Obligations with rates ranging from 0.000% - 7.500%, maturity dates ranging from 04/21/22 - 08/15/51, and various Common Stock with an aggregate market value of $12,622,684.		12,000,000		12,000,000

BHFTI-364

Brighthouse Funds Trust I

SSGA Growth and Income ETF Portfolio

Schedule of Investments as of March 31, 2022 (Unaudited)

Securities Lending Reinvestments (c)—(Continued)

Security Description	Principal Amount*		Value
Repurchase Agreements—(Continued)
Citigroup Global Markets, Inc. Repurchase Agreement dated 03/31/22 at 0.620%, due on 05/05/22 with a maturity value of $5,003,014; collateralized by U.S. Treasury Obligations with rates ranging from 1.375% - 4.375%, maturity dates ranging from 02/15/39 - 05/15/47, and various Common Stock with an aggregate market value of $5,100,673.		5,000,000	$	5,000,000
Citigroup Global Markets, Ltd. Repurchase Agreement dated 03/31/22 at 0.300%, due on 04/01/22 with a maturity value of $4,800,040; collateralized by U.S. Treasury and Foreign Obligations with rates ranging from 0.125% - 2.875%, maturity dates ranging from 08/15/23 - 02/15/51, and an aggregate market value of $4,896,002.		4,800,000		4,800,000
National Bank Financial Inc. Repurchase Agreement dated 03/31/22 at 0.320%, due on 04/01/22 with a maturity value of $3,888,412; collateralized by U.S. Treasury Obligations with rates ranging from 0.125% - 3.000%, maturity dates ranging from 06/30/22 - 02/15/49, and an aggregate market value of $3,968,357.		3,888,378		3,888,378
National Bank of Canada
Repurchase Agreement dated 03/31/22 at 0.320%, due on 04/07/22 with a maturity value of $44,902,794; collateralized by U.S. Treasury Obligations with rates ranging from 0.000% - 4.500%, maturity dates ranging from 04/14/22 - 08/15/51, and an aggregate market value of $45,823,543.		44,900,000		44,900,000
Repurchase Agreement dated 03/31/22 at 0.450%, due on 04/07/22 with a maturity value of $45,003,938; collateralized by U.S. Treasury Obligations with rates ranging from 0.500% - 3.000%, maturity dates ranging from 11/30/23 - 08/15/48, and various Common Stock with an aggregate market value of $49,760,941.		45,000,000		45,000,000
NBC Global Finance, Ltd. Repurchase Agreement dated 03/31/22 at 0.485%, due on 04/07/22 with a maturity value of $25,002,358; collateralized by U.S. Treasury Obligations with rates ranging from 0.125% - 4.750%, maturity dates ranging from 05/15/24 - 02/15/50, and various Common Stock with an aggregate market value of $27,759,414.		25,000,000		25,000,000
Societe Generale
Repurchase Agreement dated 03/31/22 at 0.300%, due on 04/01/22 with a maturity value of $7,000,058; collateralized by U.S. Treasury Obligations with rates ranging from 0.125% - 3.000%, maturity dates ranging from 04/30/22 - 02/15/49, and an aggregate market value of $7,140,537.		7,000,000		7,000,000
Repurchase Agreements—(Continued)
Repurchase Agreement dated 03/31/22 at 0.420%, due on 04/07/22 with a maturity value of $11,700,956; collateralized by various Common Stock with an aggregate market value of $13,002,090.		11,700,000		11,700,000
				187,288,378
Time Deposit—0.2%
National Bank of Canada 0.370%, OBFR + 0.050%, 04/07/22 (d)		5,000,000		5,000,000
Total Securities Lending Reinvestments (Cost $372,782,062)				372,663,657
Total Investments—117.7% (Cost $2,363,542,953)				2,456,039,068
Other assets and liabilities (net)—(17.7)%				(369,861,485	)
Net Assets—100.0%			$	2,086,177,583

*	Principal amount stated in U.S. dollars unless otherwise noted.
(a)	All or a portion of the security was held on loan. As of March 31, 2022, the market value of securities loaned was $504,314,858 and the collateral received consisted of cash in the amount of $372,752,773 and non-cash collateral with a value of $146,407,980. 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 March 31, 2022.
(d)	Variable or floating rate security. The stated rate represents the rate at March 31, 2022. 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

(OBFR)—	U.S. Overnight Bank Funding Rate
(SOFR)—	Secured Overnight Financing Rate

Other Abbreviations

(ETF)— Exchange-Traded Fund

BHFTI-365

Brighthouse Funds Trust I

SSGA Growth and Income ETF Portfolio

Schedule of Investments as of March 31, 2022 (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 March 31, 2022:

Description	Level 1		Level 2			Level 3		Total
Mutual Funds
Investment Company Securities	$	1,987,677,896	$	—		$	—	$	1,987,677,896
Total Short-Term Investment*		95,697,515		—			—		95,697,515
Total Securities Lending Reinvestments*		—		372,663,657			—		372,663,657
Total Investments	$	2,083,375,411	$	372,663,657		$	—	$	2,456,039,068
Collateral for Securities Loaned (Liability)	$	—	$	(372,752,773	)	$	—	$	(372,752,773	)

* See Schedule of Investments for additional detailed categorizations.

BHFTI-366

Brighthouse Funds Trust I

SSGA Growth ETF Portfolio

Schedule of Investments as of March 31, 2022 (Unaudited)

Mutual Funds—98.2% of Net Assets

Security Description	Shares/ Principal Amount*		Value
Investment Company Securities—98.2%
Energy Select Sector SPDR Fund (a)		104,726	$	8,005,255
Financial Select Sector SPDR Fund (a)		227,545		8,719,524
Invesco Optimum Yield Diversified Commodity Strategy No. K-1 ETF		1,064,420		18,776,369
iShares 20+ Year Treasury Bond ETF (b)		294,595		38,910,108
iShares Core MSCI Emerging Markets ETF		1,379,398		76,625,559
iShares Core S&P Mid-Cap ETF		161,038		43,212,937
iShares Core S&P Small-Cap ETF		583,878		62,988,759
iShares MSCI Canada ETF (b)		430,748		17,320,377
iShares MSCI EAFE ETF (b)		2,016,434		148,409,542
iShares TIPS Bond ETF		188,513		23,483,064
Materials Select Sector SPDR Fund (a) (b)		101,739		8,968,293
SPDR Dow Jones International Real Estate ETF (a) (b)		253,792		8,656,845
SPDR Gold Shares (a) (b)		105,947		19,139,326
SPDR S&P 500 ETF Trust (a) (b)		648,447		292,864,603
SPDR S&P International Small Cap ETF (a) (b)		736,295		25,888,132
Technology Select Sector SPDR Fund (a) (b)		56,507		8,980,658
Vanguard Long-Term Corporate Bond ETF (b)		173,657		16,266,451
Vanguard Real Estate ETF (b)		79,041		8,565,673
Total Mutual Funds (Cost $746,625,198)				835,781,475
Short-Term Investment—1.7%
Mutual Funds — 1.7%
Invesco STIC Prime Portfolio		14,597,457		14,597,457
Total Short-Term Investments (Cost $14,597,944)				14,597,457
Securities Lending Reinvestments (c)—19.1%
Certificates of Deposit — 7.0%
Bank of Montreal
0.300%, 06/02/22		6,000,000		5,995,596
Bank of Nova Scotia
0.320%, 06/07/22		5,000,000		4,995,920
Barclays Bank plc
0.180%, 04/07/22		5,000,000		4,999,815
BNP Paribas S.A.
0.490%, SOFR + 0.220%, 11/17/22 (d)		2,000,000		1,997,184
Cooperatieve Rabobank UA
0.840%, SOFR + 0.570%, 09/19/22 (d)		4,000,000		4,000,000
Credit Industriel et Commercial Zero Coupon, 04/14/22		8,000,000		7,998,640
Goldman Sachs Bank USA
0.470%, SOFR + 0.190%, 09/02/22 (d)		5,000,000		4,993,630
Mitsubishi UFJ Trust and Banking Corp.
0.430%, SOFR + 0.160%, 07/22/22 (d)		3,000,000		2,998,077
MUFG Bank Ltd.
0.250%, 05/04/22		5,000,000		4,998,530
National Australia Bank, Ltd. Zero Coupon, 04/25/22		2,500,000		2,499,100
Oversea-Chinese Banking Corp., Ltd. Zero Coupon, 04/14/22		2,200,000		2,199,626
Certificates of Deposit—(Continued)
Royal Bank of Canada
0.520%, SOFR + 0.250%, 01/11/23 (d)		5,000,000		4,988,310
Standard Chartered Bank (NY)
0.460%, SOFR + 0.190%, 08/25/22 (d)		3,000,000		2,997,550
Westpac Banking Corp.
0.500%, SOFR + 0.230%, 02/17/23 (d)		4,000,000		3,987,492
				59,649,470
Commercial Paper—1.2%
Macquarie Bank Ltd.
0.510%, SOFR + 0.230%, 08/04/22 (d)		2,000,000		1,998,462
Skandinaviska Enskilda Banken AB
0.200%, 04/28/22 (d)		4,000,000		3,998,480
UBS AG
0.350%, 06/08/22 (d)		4,000,000		3,993,984
				9,990,926
Repurchase Agreements—10.3%
Barclays Bank plc Repurchase Agreement dated 03/31/22 at 0.600%, due on 05/05/22 with a maturity value of $10,005,833; collateralized by various Common Stock with an aggregate market value of $11,114,568.		10,000,000		10,000,000
Citigroup Global Markets, Inc. Repurchase Agreement dated 03/31/22 at 0.620%, due on 05/05/22 with a maturity value of $4,002,411; collateralized by U.S. Treasury Obligations with rates ranging from 1.375% - 4.375%, maturity dates ranging from 02/15/39 - 05/15/47, and various Common Stock with an aggregate market value of $4,080,538.		4,000,000		4,000,000
Citigroup Global Markets, Ltd. Repurchase Agreement dated 03/31/22 at 0.300%, due on 04/01/22 with a maturity value of $2,900,024; collateralized by U.S. Treasury and Foreign Obligations with rates ranging from 0.125% - 2.875%, maturity dates ranging from 08/15/23 - 02/15/51, and an aggregate market value of $2,958,001.		2,900,000		2,900,000
ING Financial Markets LLC Repurchase Agreement dated 03/31/22 at 0.260%, due on 04/01/22 with a maturity value of $4,084,239; collateralized by U.S. Government Agency Obligations with rates ranging from 0.350% - 6.625%, maturity dates ranging from 04/05/22 - 11/15/30, and an aggregate market value of $4,165,921.		4,084,209		4,084,209
National Bank Financial, Inc. Repurchase Agreement dated 03/31/22 at 0.320%, due on 04/01/22 with a maturity value of $5,000,044; collateralized by U.S. Treasury Obligations with rates ranging from 0.125% - 3.000%, maturity dates ranging from 06/30/22 - 02/15/49, and an aggregate market value of $5,102,844.		5,000,000		5,000,000

BHFTI-367

Brighthouse Funds Trust I

SSGA Growth ETF Portfolio

Schedule of Investments as of March 31, 2022 (Unaudited)

Securities Lending Reinvestments (c)—(Continued)

Security Description	Principal Amount*		Value
Repurchase Agreements—(Continued)
National Bank of Canada Repurchase Agreement dated 03/31/22 at 0.320%, due on 04/07/22 with a maturity value of $23,601,468; collateralized by U.S. Treasury Obligations with rates ranging from 0.000% - 4.500%, maturity dates ranging from 04/14/22 - 08/15/51, and an aggregate market value of $24,085,426.		23,600,000	$	23,600,000
Repurchase Agreement dated 03/31/22 at 0.450%, due on 04/07/22 with a maturity value of $5,000,438; collateralized by U.S. Treasury Obligations with rates ranging from 0.500% - 3.000%, maturity dates ranging from 11/30/23 - 08/15/48, and various Common Stock with an aggregate market value of $5,528,993.		5,000,000		5,000,000
NBC Global Finance, Ltd. Repurchase Agreement dated 03/31/22 at 0.440%, due on 04/01/22 with a maturity value of $10,000,122; collateralized by U.S. Treasury Obligations with rates ranging from 0.125% - 4.750%, maturity dates ranging from 05/15/24 - 02/15/50, and various Common Stock with an aggregate market value of $11,103,766.		10,000,000		10,000,000
Repurchase Agreement dated 03/31/22 at 0.485%, due on 04/07/22 with a maturity value of $3,200,302; collateralized by U.S. Treasury Obligations with rates ranging from 0.125% - 4.750%, maturity dates ranging from 05/15/24 - 02/15/50, and various Common Stock with an aggregate market value of $3,553,205.		3,200,000		3,200,000
Societe Generale Repurchase Agreement dated 03/31/22 at 0.360%, due on 04/01/22 with a maturity value of $15,000,150; collateralized by various Common Stock with an aggregate market value of $16,668,044.		15,000,000		15,000,000
Repurchase Agreement dated 03/31/22 at 0.410%, due on 04/01/22 with a maturity value of $5,000,057; collateralized by various Common Stock with an aggregate market value of $5,556,449.		5,000,000		5,000,000
				87,784,209
Security Description	Principal Amount*		Value
Time Deposit—0.6%
National Bank of Canada
0.370%, OBFR + 0.050%, 04/07/22 (d)		5,000,000		5,000,000
Total Securities Lending Reinvestments (Cost $162,480,049)				162,424,605
Total Investments—119.0% (Cost $923,703,191)				1,012,803,537
Other assets and liabilities (net)—(19.0)%				(161,630,865	)
Net Assets—100.0%			$	851,172,672

*	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 March 31, 2022, the market value of securities loaned was $200,379,432 and the collateral received consisted of cash in the amount of $162,462,378 and non-cash collateral with a value of $44,769,304. 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 March 31, 2022.
(d)	Variable or floating rate security. The stated rate represents the rate at March 31, 2022. 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

(OBFR)—	U.S. Overnight Bank Funding Rate
(SOFR)—	Secured Overnight Financing Rate

Other Abbreviations

(ETF)— Exchange-Traded Fund

BHFTI-368

Brighthouse Funds Trust I

SSGA Growth ETF Portfolio

Schedule of Investments as of March 31, 2022 (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 March 31, 2022:

Description	Level 1		Level 2			Level 3		Total
Mutual Funds
Investment Company Securities	$	835,781,475	$	—		$	—	$	835,781,475
Total Short-Term Investment*		14,597,457		—			—		14,597,457
Total Securities Lending Reinvestments*		—		162,424,605			—		162,424,605
Total Investments	$	850,378,932	$	162,424,605		$	—	$	1,012,803,537
Collateral for Securities Loaned (Liability)	$	—	$	(162,462,378	)	$	—	$	(162,462,378	)

* See Schedule of Investments for additional detailed categorizations.

BHFTI-369

Brighthouse Funds Trust I

T. Rowe Price Large Cap Value Portfolio

Schedule of Investments as of March 31, 2022 (Unaudited)

Common Stocks—97.1% of Net Assets

Security Description	Shares		Value
Aerospace & Defense—1.3%
Boeing Co. (The) (a)		88,012	$	16,854,298
L3Harris Technologies, Inc.		99,000		24,598,530
				41,452,828
Air Freight & Logistics—2.8%
United Parcel Service, Inc. - Class B		406,935		87,271,280
Airlines—0.7%
Southwest Airlines Co. (a)		465,968		21,341,334
Auto Components—0.6%
Magna International, Inc.		294,400		18,932,864
Banks—7.1%
Bank of America Corp.		1,134,403		46,760,092
Citigroup, Inc.		442,517		23,630,408
Fifth Third Bancorp		600,787		25,857,872
Huntington Bancshares, Inc. (b)		2,046,000		29,912,520
Wells Fargo & Co.		1,996,463		96,748,597
				222,909,489
Beverages—0.9%
Coca-Cola Co. (The)		467,209		28,966,958
Biotechnology—1.8%
AbbVie, Inc.		349,247		56,616,431
Capital Markets—3.3%
Charles Schwab Corp. (The) (b)		617,355		52,049,200
Goldman Sachs Group, Inc. (The) (b)		99,773		32,935,067
Morgan Stanley		193,944		16,950,706
				101,934,973
Chemicals—2.8%
CF Industries Holdings, Inc. (b)		397,348		40,950,685
International Flavors & Fragrances, Inc. (b)		333,606		43,812,476
RPM International, Inc.		37,568		3,059,538
				87,822,699
Commercial Services & Supplies—0.7%
Stericycle, Inc. (a) (b)		376,286		22,170,771
Communications Equipment—0.9%
Cisco Systems, Inc.		483,150		26,940,444
Containers & Packaging—2.1%
International Paper Co.		1,397,759		64,506,578
Diversified Financial Services—1.6%
Equitable Holdings, Inc.		1,663,123		51,407,132
Electric Utilities—4.7%
Entergy Corp.		198,137		23,132,495
NextEra Energy, Inc.		421,382		35,695,269
Southern Co. (The)		1,225,445		88,857,017
				147,684,781
Electronic Equipment, Instruments & Components—0.7%
TE Connectivity, Ltd. (b)		160,128		20,973,565
Entertainment—1.3%
Walt Disney Co. (The) (a)		295,118		40,478,385
Equity Real Estate Investment Trusts—3.8%
AvalonBay Communities, Inc.		128,990		32,037,246
Equinix, Inc.		12,000		8,899,440
Welltower, Inc. (b)		239,829		23,057,160
Weyerhaeuser Co.		1,470,401		55,728,198
				119,722,044
Food & Staples Retailing—1.5%
Walmart, Inc.		317,169		47,232,808
Food Products—2.8%
Bunge, Ltd. (b)		183,244		20,305,268
Conagra Brands, Inc. (b)		1,082,522		36,340,264
Tyson Foods, Inc. - Class A		345,380		30,956,409
				87,601,941
Health Care Equipment & Supplies—5.9%
Becton Dickinson & Co.		238,596		63,466,536
Hologic, Inc. (a)		332,069		25,509,540
Medtronic plc		443,503		49,206,658
Zimmer Biomet Holdings, Inc. (b)		353,693		45,237,335
				183,420,069
Health Care Providers & Services—4.5%
Anthem, Inc.		128,833		63,285,346
Cigna Corp.		204,699		49,047,928
CVS Health Corp.		279,390		28,277,062
				140,610,336
Hotels, Restaurants & Leisure—0.6%
Las Vegas Sands Corp. (a)		486,468		18,909,011
Household Products—1.1%
Kimberly-Clark Corp.		284,213		35,003,673
Industrial Conglomerates—4.1%
General Electric Co.		1,118,707		102,361,691
Siemens AG (ADR)		386,600		26,729,524
				129,091,215
Insurance—6.9%
American International Group, Inc.		1,716,471		107,742,885
Chubb, Ltd.		385,429		82,443,263
Hartford Financial Services Group, Inc. (The)		132,031		9,481,146
Marsh & McLennan Cos., Inc.		102,021		17,386,419
				217,053,713
Interactive Media & Services—0.8%
Alphabet, Inc. - Class C (a)		9,363		26,150,765

BHFTI-370

Brighthouse Funds Trust I

T. Rowe Price Large Cap Value Portfolio

Schedule of Investments as of March 31, 2022 (Unaudited)

Common Stocks—(Continued)

Security Description	Shares		Value
IT Services—1.5%
Fiserv, Inc. (a) (b)		464,128	$	47,062,579
Life Sciences Tools & Services—0.8%
Thermo Fisher Scientific, Inc.		43,074		25,441,658
Machinery—2.0%
Cummins, Inc.		170,325		34,935,361
Illinois Tool Works, Inc. (b)		130,709		27,370,464
				62,305,825
Media—2.4%
Comcast Corp. - Class A		917,338		42,949,765
News Corp. - Class A		1,452,850		32,180,628
				75,130,393
Multi-Utilities—3.0%
Ameren Corp.		335,892		31,493,234
Sempra Energy		367,845		61,842,101
				93,335,335
Multiline Retail—0.5%
Kohl’s Corp. (b)		282,200		17,061,812
Oil, Gas & Consumable Fuels—7.0%
ConocoPhillips		549,226		54,922,600
Exxon Mobil Corp.		564,239		46,600,499
TC Energy Corp. (b)		625,438		35,287,212
TotalEnergies SE (ADR) (b)		1,598,952		80,811,034
				217,621,345
Pharmaceuticals—5.0%
Bristol-Myers Squibb Co.		111,000		8,106,330
Elanco Animal Health, Inc. (a)		597,009		15,575,965
Johnson & Johnson		350,948		62,198,514
Merck & Co., Inc.		471,161		38,658,760
Pfizer, Inc.		647,006		33,495,501
				158,035,070
Professional Services—0.1%
Nielsen Holdings plc (b)		138,474		3,772,032
Semiconductors & Semiconductor Equipment—4.0%
Applied Materials, Inc.		119,336		15,728,485
NXP Semiconductors NV		60,231		11,147,553
QUALCOMM, Inc.		383,382		58,588,437
Texas Instruments, Inc.		216,176		39,663,973
				125,128,448
Software—3.1%
Citrix Systems, Inc.		239,000		24,115,100
Microsoft Corp.		236,836		73,018,907
				97,134,007
Specialty Retail—1.3%
TJX Cos., Inc. (The)		674,992		40,891,015
Tobacco—1.1%
Philip Morris International, Inc.		367,161		34,491,104
Total Common Stocks (Cost $2,273,358,265)				3,043,616,710
Convertible Preferred Stocks—0.6%
Electric Utilities—0.4%
Southern Co. (The) 6.750%, 08/01/22		211,505		11,550,288
Health Care Equipment & Supplies—0.2%
Becton Dickinson and Co. 6.000%, 06/01/23 (b)		137,731		7,274,952
Pharmaceuticals—0.0%
Elanco Animal Health, Inc. 5.000%, 02/01/23 (b)		19,833		807,996
Total Convertible Preferred Stocks (Cost $18,480,922)				19,633,236
Short-Term Investment—1.9%
Mutual Funds—1.9%
T. Rowe Price Treasury Reserve Fund (c)		60,111,716		60,111,716
Total Short-Term Investments (Cost $60,111,716)				60,111,716
Securities Lending Reinvestments (d)—3.4%
Certificates of Deposit—0.7%
Bank of Montreal 0.300%, 06/02/22		4,000,000		3,997,064
Barclays Bank plc 0.180%, 04/07/22		2,000,000		1,999,926
BNP Paribas S.A. 0.490%, SOFR + 0.220%, 11/17/22 (e)		1,000,000		998,592
Canadian Imperial Bank of Commerce (NY) 0.770%, SOFR + 0.500%, 03/03/23 (e)		3,000,000		3,001,906
Cooperatieve Rabobank UA 0.840%, SOFR + 0.570%, 09/19/22 (e)		2,000,000		2,000,000
Credit Suisse Group AG 0.830%, 06/03/22		3,000,000		3,000,552
Goldman Sachs Bank USA 0.470%, SOFR + 0.190%, 09/02/22 (e)		2,000,000		1,997,452
Oversea-Chinese Banking Corp., Ltd. Zero Coupon, 04/14/22		1,000,000		999,830
Royal Bank of Canada 0.520%, SOFR + 0.250%, 01/11/23 (e)		2,000,000		1,995,324

BHFTI-371

Brighthouse Funds Trust I

T. Rowe Price Large Cap Value Portfolio

Schedule of Investments as of March 31, 2022 (Unaudited)

Securities Lending Reinvestments (d)—(Continued)

Security Description	Principal Amount*		Value
Certificates of Deposit—(Continued)
Standard Chartered Bank (NY) 0.460%, SOFR + 0.190%, 08/25/22 (e)		1,000,000	$	999,183
Westpac Banking Corp. 0.500%, SOFR + 0.230%, 02/17/23 (e)		3,000,000		2,990,619
				23,980,448
Commercial Paper—0.1%
Macquarie Bank Ltd. 0.510%, SOFR + 0.230%, 08/04/22 (e)		1,000,000		999,231
UBS AG 0.350%, 06/08/22		1,000,000		998,496
				1,997,727
Repurchase Agreements—2.0%
BofA Securities, Inc. Repurchase Agreement dated 03/31/22 at 0.270%, due on 04/01/22 with a maturity value of $6,055,340; collateralized by U.S. Treasury Obligations with rates ranging from 2.000% - 5.000%, maturity dates ranging from 05/15/37 - 02/15/50, and an aggregate market value of $6,176,402.		6,055,294		6,055,294
Cantor Fitzgerald & Co. Repurchase Agreement dated 03/31/22 at 0.290%, due on 04/01/22 with a maturity value of $5,000,040; collateralized by U.S. Treasury and U.S. Government Agency Obligations with rates ranging from 0.125% - 8.000%, maturity dates ranging from 09/15/22 - 07/20/71, and an aggregate market value of $5,100,000.		5,000,000		5,000,000
Citigroup Global Markets, Inc.
Repurchase Agreement dated 03/31/22 at 0.620%, due on 05/05/22 with a maturity value of $5,003,014; collateralized by U.S. Treasury Obligations with rates ranging from 1.375% - 4.375%, maturity dates ranging from 02/15/39 - 05/15/47, and various Common Stock with an aggregate market value of $5,100,673.		5,000,000		5,000,000
Repurchase Agreement dated 03/31/22 at 0.620%, due on 05/05/22 with a maturity value of $2,001,206; collateralized by U.S. Treasury Obligations with rates ranging from 0.000% - 3.875%, maturity dates ranging from 04/21/22 - 05/15/51, and various Common Stock with an aggregate market value of $2,140,122.		2,000,000		2,000,000
Citigroup Global Markets, Ltd. Repurchase Agreement dated 03/31/22 at 0.300%, due on 04/01/22 with a maturity value of $1,700,014; collateralized by U.S. Treasury and Foreign Obligations with rates ranging from 0.125% - 2.875%, maturity dates ranging from 08/15/23 - 02/15/51, and an aggregate market value of $1,734,001.		1,700,000		1,700,000
ING Financial Markets LLC Repurchase Agreement dated 03/31/22 at 0.260%, due on 04/01/22 with a maturity value of $20,000,144; collateralized by U.S. Government Agency Obligations with rates ranging from 0.350% - 6.625%, maturity dates ranging from 04/05/22 - 11/15/30, and an aggregate market value of $20,400,133.		20,000,000		20,000,000
Repurchase Agreements—(Continued)
National Bank Financial, Inc. Repurchase Agreement dated 03/31/22 at 0.320%, due on 04/01/22 with a maturity value of $5,000,044; collateralized by U.S. Treasury Obligations with rates ranging from 0.125% - 3.000%, maturity dates ranging from 06/30/22 - 02/15/49, and an aggregate market value of $5,102,844.		5,000,000		5,000,000
National Bank of Canada Repurchase Agreement dated 03/31/22 at 0.320%, due on 04/07/22 with a maturity value of $7,100,442; collateralized by U.S. Treasury Obligations with rates ranging from 0.000% - 4.500%, maturity dates ranging from 04/14/22 - 08/15/51, and an aggregate market value of $7,246,039.		7,100,000		7,100,000
NBC Global Finance, Ltd. Repurchase Agreement dated 03/31/22 at 0.440%, due on 04/01/22 with a maturity value of $10,000,122; collateralized by U.S. Treasury Obligations with rates ranging from 0.125% - 4.750%, maturity dates ranging from 05/15/24 - 02/15/50, and various Common Stock with an aggregate market value of $11,103,766.		10,000,000		10,000,000
				61,855,294
Time Deposits—0.5%
DZ Bank AG (NY) 0.300%, 04/01/22		2,000,000		2,000,000
First Abu Dhabi Bank USA NV 0.310%, 04/01/22		2,000,000		2,000,000
Jyske Bank A/S 0.750%, 04/11/22		2,000,000		2,000,000
National Bank of Canada 0.370%, OBFR + 0.050%, 04/07/22 (e)		3,000,000		3,000,000
Rabobank (New York) 0.310%, 04/01/22		2,000,000		2,000,000
Skandi (NY) 0.300%, 04/01/22		2,000,000		2,000,000
Svenska (NY) 0.260%, 04/01/22		2,000,000		2,000,000
				15,000,000
Mutual Funds—0.1%
BlackRock Liquidity Funds FedFund, Institutional Shares 0.240% (f)		2,000,000		2,000,000
Total Securities Lending Reinvestments (Cost $104,854,577)				104,833,469
Total Investments—103.0% (Cost $2,456,805,480)				3,228,195,131
Other assets and liabilities (net)—(3.0)%				(94,815,678	)
Net Assets—100.0%			$	3,133,379,453

BHFTI-372

Brighthouse Funds Trust I

T. Rowe Price Large Cap Value Portfolio

Schedule of Investments as of March 31, 2022 (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 March 31, 2022, the market value of securities loaned was $101,308,166 and the collateral received consisted of cash in the amount of $104,852,742. 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 March 31, 2022.
(e)	Variable or floating rate security. The stated rate represents the rate at March 31, 2022. 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 March 31, 2022.

Glossary of Abbreviations

Index Abbreviations

(OBFR)—	U.S. Overnight Bank Funding Rate
(SOFR)—	Secured Overnight Financing 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 March 31, 2022:

Description	Level 1		Level 2			Level 3		Total
Total Common Stocks*	$	3,043,616,710	$	—		$	—	$	3,043,616,710
Total Convertible Preferred Stocks*		19,633,236		—			—		19,633,236
Total Short-Term Investment*		60,111,716		—			—		60,111,716
Securities Lending Reinvestments
Certificates of Deposit		—		23,980,448			—		23,980,448
Commercial Paper		—		1,997,727			—		1,997,727
Repurchase Agreements		—		61,855,294			—		61,855,294
Time Deposits		—		15,000,000			—		15,000,000
Mutual Funds		2,000,000		—			—		2,000,000
Total Securities Lending Reinvestments		2,000,000		102,833,469			—		104,833,469
Total Investments	$	3,125,361,662	$	102,833,469		$	—	$	3,228,195,131
Collateral for Securities Loaned (Liability)	$	—	$	(104,852,742	)	$	—	$	(104,852,742	)

* See Schedule of Investments for additional detailed categorizations.

BHFTI-373

Brighthouse Funds Trust I

T. Rowe Price Mid Cap Growth Portfolio

Schedule of Investments as of March 31, 2022 (Unaudited)

Common Stocks—95.4% of Net Assets

Security Description	Shares		Value
Aerospace & Defense—3.3%
BWX Technologies, Inc.		193,200	$	10,405,752
Textron, Inc.		539,800		40,150,324
				50,556,076
Airlines—1.1%
Southwest Airlines Co. (a) (b)		371,600		17,019,280
Auto Components—0.2%
Aptiv plc (a)		23,100		2,765,301
Automobiles—1.2%
Rivian Automotive, Inc. † (a) (c)		378,009		18,358,196
Beverages—0.4%
Boston Beer Co., Inc. (The) - Class A (a) (b)		17,287		6,715,481
Biotechnology—4.0%
Alkermes plc (a) (b)		304,400		8,008,764
Alnylam Pharmaceuticals, Inc. (a) (b)		72,500		11,838,525
Apellis Pharmaceuticals, Inc. (a)		16,340		830,236
Argenx SE (ADR) (a)		30,585		9,643,756
Exact Sciences Corp. (a) (b)		68,000		4,754,560
Exelixis, Inc. (a) (b)		105,500		2,391,685
Ionis Pharmaceuticals, Inc. (a) (b)		197,500		7,315,400
Neurocrine Biosciences, Inc. (a)		68,600		6,431,250
Seagen, Inc. (a) (b)		46,500		6,698,325
Ultragenyx Pharmaceutical, Inc. (a) (b)		45,000		3,267,900
				61,180,401
Capital Markets—3.9%
Cboe Global Markets, Inc.		103,100		11,796,702
KKR & Co., Inc.		305,400		17,856,738
MarketAxess Holdings, Inc.		21,000		7,144,200
Raymond James Financial, Inc. (b)		45,900		5,044,869
Tradeweb Markets, Inc. - Class A (b)		197,700		17,371,899
				59,214,408
Chemicals—0.6%
RPM International, Inc. (b)		115,500		9,406,320
Commercial Services & Supplies—0.7%
Waste Connections, Inc.		72,700		10,156,190
Construction Materials—0.9%
Martin Marietta Materials, Inc.		34,838		13,408,798
Consumer Finance—0.1%
SoFi Technologies, Inc. (a) (b)		184,843		1,746,766
Containers & Packaging—4.6%
Ardagh Metal Packaging S.A. (a)		217,892		1,771,462
Avery Dennison Corp.		88,100		15,326,757
Ball Corp.		409,786		36,880,740
Sealed Air Corp. (b)		249,200		16,686,432
				70,665,391
Diversified Consumer Services—1.3%
Bright Horizons Family Solutions, Inc. (a) (b)		57,400		7,616,406
Terminix Global Holdings, Inc. (a) (b)		279,800		12,767,274
				20,383,680
Electrical Equipment—0.1%
Shoals Technologies Group, Inc. - Class A (a) (b)		114,800		1,956,192
Electronic Equipment, Instruments & Components—3.9%
Amphenol Corp. - Class A		127,200		9,584,520
Cognex Corp. (b)		92,900		7,167,235
Corning, Inc.		254,100		9,378,831
Keysight Technologies, Inc. (a)		121,100		19,130,167
Littelfuse, Inc. (b)		9,700		2,419,277
National Instruments Corp.		278,600		11,308,374
				58,988,404
Entertainment—1.7%
Liberty Media Corp.-Liberty Formula One - Class C (a) (b)		201,300		14,058,792
Playtika Holding Corp. (a) (b)		136,600		2,640,478
Spotify Technology S.A. (a)		62,200		9,393,444
				26,092,714
Food & Staples Retailing—1.2%
Casey’s General Stores, Inc. (b)		90,600		17,954,202
Food Products—0.3%
TreeHouse Foods, Inc. (a) (b)		147,800		4,768,028
Health Care Equipment & Supplies—9.5%
Alcon, Inc. (b)		146,400		11,613,912
Cooper Cos., Inc. (The) (b)		57,100		23,844,389
Dentsply Sirona, Inc.		76,800		3,780,096
Hologic, Inc. (a)		611,700		46,990,794
ICU Medical, Inc. (a) (b)		42,100		9,373,144
Ortho Clinical Diagnostics Holdings plc (a) (b)		271,800		5,071,788
Quidel Corp. (a) (b)		80,000		8,996,800
Teleflex, Inc.		99,923		35,455,678
				145,126,601
Health Care Providers & Services—1.6%
Acadia Healthcare Co., Inc. (a) (b)		236,300		15,484,739
Agilon Health, Inc. (a) (b)		58,451		1,481,733
Molina Healthcare, Inc. (a)		23,900		7,972,801
				24,939,273
Health Care Technology—1.5%
Doximity, Inc. - Class A (a) (b)		57,700		3,005,593
Multiplan Corp. (a) (b)		718,700		3,363,516
Veeva Systems, Inc. - Class A (a)		81,300		17,272,998
				23,642,107
Hotels, Restaurants & Leisure—4.8%
Chipotle Mexican Grill, Inc. (a) (b)		10,500		16,611,315
Domino’s Pizza, Inc. (b)		25,600		10,419,456

BHFTI-374

Brighthouse Funds Trust I

T. Rowe Price Mid Cap Growth Portfolio

Schedule of Investments as of March 31, 2022 (Unaudited)

Common Stocks—(Continued)

Security Description	Shares		Value
Hotels, Restaurants & Leisure—(Continued)
DraftKings, Inc. - Class A (a) (b)		184,900	$	3,600,003
Hilton Worldwide Holdings, Inc. (a)		138,500		21,015,990
MGM Resorts International (b)		303,700		12,737,178
Vail Resorts, Inc.		34,500		8,979,315
				73,363,257
Household Products—0.4%
Reynolds Consumer Products, Inc. (b)		182,100		5,342,814
Industrial Conglomerates—0.9%
Roper Technologies, Inc.		30,000		14,166,900
Insurance—2.0%
Assurant, Inc.		93,300		16,964,739
Axis Capital Holdings, Ltd. (b)		165,100		9,983,597
Kemper Corp. (b)		56,900		3,217,126
				30,165,462
Interactive Media & Services—0.7%
IAC/InterActiveCorp. (a) (b)		42,700		4,281,956
Match Group, Inc. (a)		45,200		4,915,048
Vimeo, Inc. (a) (b)		162,356		1,928,789
				11,125,793
Internet & Direct Marketing Retail—0.6%
DoorDash, Inc. - Class A (a) (b)		25,200		2,953,188
Etsy, Inc. (a) (b)		41,800		5,194,904
Farfetch, Ltd. - Class A (a) (b)		111,933		1,692,427
				9,840,519
IT Services—1.6%
Broadridge Financial Solutions, Inc.		28,500		4,437,735
FleetCor Technologies, Inc. (a)		79,100		19,700,646
Thoughtworks Holding, Inc. (a) (b)		49,271		1,025,329
				25,163,710
Leisure Products—0.2%
Peloton Interactive, Inc. - Class A (a) (b)		92,222		2,436,505
Life Sciences Tools & Services—5.7%
Agilent Technologies, Inc.		205,600		27,207,048
Avantor, Inc. (a)		662,400		22,402,368
Bruker Corp. (b)		350,700		22,550,010
West Pharmaceutical Services, Inc.		37,518		15,409,018
				87,568,444
Machinery—4.8%
Colfax Corp. (a) (b)		415,202		16,520,888
Fortive Corp.		213,700		13,020,741
IDEX Corp.		60,400		11,580,492
Ingersoll Rand, Inc.		632,700		31,856,445
				72,978,566
Multiline Retail—2.4%
Dollar General Corp. (b)		93,000		20,704,590
Dollar Tree, Inc. (a)		98,000		15,694,700
				36,399,290
Oil, Gas & Consumable Fuels—0.2%
Venture Global LNG, Inc. - Series B † (a) (c) (d)		78		464,113
Venture Global LNG, Inc. - Series C † (a) (c) (d)		540		3,213,092
				3,677,205
Personal Products—0.1%
Olaplex Holdings, Inc. (a) (b)		89,571		1,399,995
Pharmaceuticals—3.4%
Catalent, Inc. (a)		336,100		37,273,490
Elanco Animal Health, Inc. (a)		261,700		6,827,753
Perrigo Co. plc		189,300		7,274,799
				51,376,042
Professional Services—4.8%
Clarivate plc (a) (b)		531,679		8,910,940
CoStar Group, Inc. (a) (b)		189,583		12,628,124
Equifax, Inc.		55,500		13,159,050
Leidos Holdings, Inc.		50,400		5,444,208
TransUnion		193,900		20,037,626
Upwork, Inc. (a)		49,400		1,148,056
Verisk Analytics, Inc. (b)		55,300		11,869,039
				73,197,043
Real Estate Management & Development—0.1%
eXp World Holdings, Inc. (b)		36,300		768,471
Road & Rail—1.6%
J.B. Hunt Transport Services, Inc.		118,500		23,793,615
Semiconductors & Semiconductor Equipment—7.6%
Entegris, Inc.		37,200		4,882,872
KLA Corp.		62,700		22,951,962
Lattice Semiconductor Corp. (a) (b)		50,000		3,047,500
Marvell Technology, Inc. (b)		471,900		33,839,949
Microchip Technology, Inc.		521,300		39,170,482
Skyworks Solutions, Inc.		78,700		10,489,136
Wolfspeed, Inc. (a) (b)		22,100		2,516,306
				116,898,207
Software—7.5%
Atlassian Corp. plc - Class A (a)		23,600		6,934,388
Bill.com Holdings, Inc. (a) (b)		34,600		7,846,934
Black Knight, Inc. (a)		170,100		9,864,099
CCC Intelligent Solutions Holdings, Inc. (a) (b)		385,318		4,253,911
Ceridian HCM Holding, Inc. (a) (b)		184,400		12,605,584
Clear Secure, Inc. - Class A (a) (b)		27,527		739,926
Crowdstrike Holdings, Inc. - Class A (a)		40,600		9,219,448
DocuSign, Inc. (a)		69,300		7,423,416
Fortinet, Inc. (a)		73,900		25,254,586
Hashicorp, Inc. - Class A (a) (b)		2,577		139,158

BHFTI-375

Brighthouse Funds Trust I

T. Rowe Price Mid Cap Growth Portfolio

Schedule of Investments as of March 31, 2022 (Unaudited)

Common Stocks—(Continued)

Security Description	Shares		Value
Software—(Continued)
nCino, Inc. (a) (b)		39,600	$	1,622,808
Paylocity Holding Corp. (a)		7,000		1,440,390
Procore Technologies, Inc. (a) (b)		16,364		948,457
PTC, Inc. (a) (b)		81,800		8,811,496
SentinelOne, Inc. - Class A (a)		50,472		1,955,285
Synopsys, Inc. (a)		19,700		6,565,419
Trade Desk, Inc. (The) - Class A (a)		139,400		9,653,450
				115,278,755
Specialty Retail—3.4%
Bath & Body Works, Inc. (b)		125,500		5,998,900
Burlington Stores, Inc. (a) (b)		110,400		20,111,568
Five Below, Inc. (a) (b)		34,600		5,479,602
O’Reilly Automotive, Inc. (a)		20,400		13,973,184
Ross Stores, Inc.		65,100		5,888,946
Warby Parker, Inc. - Class A (a) (b)		24,116		815,362
				52,267,562
Textiles, Apparel & Luxury Goods—0.5%
Deckers Outdoor Corp. (a) (b)		16,700		4,571,959
Lululemon Athletica, Inc. (a)		9,000		3,287,070
				7,859,029
Total Common Stocks (Cost $954,656,263)				1,460,110,993
Convertible Preferred Stocks—0.5%
Automobiles—0.1%
Nuro, Inc. - Series D † (a) (c) (d)		37,838		788,760
Sila Nano, Inc. - Series F † (a) (c) (d)		43,934		1,369,423
				2,158,183
Commercial Services & Supplies—0.1%
Redwood Materials, Inc. - Series C † (a) (c) (d)		18,350		956,952
Health Care Providers & Services—0.1%
Caris Life Sciences, Inc. - Series D † (a) (c) (d)		156,199		1,265,212
Internet & Direct Marketing Retail—0.1%
Maplebear, Inc. - Series E † (a) (c) (d)		21,660		2,079,360
Maplebear, Inc. - Series I † (a) (c) (d)		3,514		337,344
				2,416,704
Software—0.1%
Databricks, Inc. - Series G † (a) (c) (d)		3,374		559,679
Databricks, Inc. - Series H † (a) (c) (d)		4,062		673,805
				1,233,484
Total Convertible Preferred Stocks (Cost $9,274,549)				8,030,535

Short-Term Investment—3.9%
Security Description	Shares/ Principal Amount*		Value
Mutual Funds—3.9%
T. Rowe Price Treasury Reserve Fund (e)		59,267,136	$	59,267,136
Total Short-Term Investments (Cost $59,267,136)				59,267,136
Securities Lending Reinvestments (f)—13.4%
Certificates of Deposit—5.0%
Bank of Montreal 0.300%, 06/02/22		4,000,000		3,997,064
Bank of Nova Scotia 0.520%, SOFR + 0.250%, 02/17/23 (g)		2,000,000		1,995,555
Barclays Bank plc 0.180%, 04/07/22		5,000,000		4,999,815
BNP Paribas S.A. 0.490%, SOFR + 0.220%, 11/17/22 (g)		2,000,000		1,997,184
Canadian Imperial Bank of Commerce (NY) 0.520%, SOFR + 0.250%, 02/03/23 (g)		4,000,000		3,994,061
0.770%, SOFR + 0.500%, 03/03/23 (g)		4,000,000		4,002,540
Cooperatieve Rabobank UA 0.840%, SOFR + 0.570%, 09/19/22 (g)		3,000,000		3,000,000
Credit Agricole S.A. 0.590%, 05/24/22		3,000,000		2,999,640
Credit Industriel et Commercial Zero Coupon, 04/14/22		6,000,000		5,998,980
Credit Suisse Group AG 0.830%, 06/03/22		5,000,000		5,000,920
Goldman Sachs Bank USA 0.470%, SOFR + 0.190%, 09/02/22 (g)		4,000,000		3,994,904
Mitsubishi UFJ Trust and Banking Corp. 0.430%, SOFR + 0.160%, 07/22/22 (g)		3,000,000		2,998,077
Natixis S.A. (New York) 0.330%, 06/09/22		2,000,000		1,998,308
Nordea Bank Abp. 0.720%, SOFR + 0.450%, 08/30/22 (g)		3,000,000		2,999,994
Oversea-Chinese Banking Corp., Ltd.
Zero Coupon, 04/14/22		2,200,000		2,199,626
0.720%, SOFR + 0.440%, 09/26/22 (g)		3,000,000		3,000,598
Royal Bank of Canada 0.520%, SOFR + 0.250%, 01/11/23 (g)		5,000,000		4,988,310
Standard Chartered Bank (NY) 0.460%, SOFR + 0.190%, 08/25/22 (g)		2,000,000		1,998,367
Sumitomo Mitsui Banking Corp. 0.450%, SOFR + 0.180%, 08/09/22 (g)		5,000,000		4,995,115
0.720%, SOFR + 0.450%, 09/06/22 (g)		3,000,000		2,999,790
Sumitomo Mitsui Trust Bank, Ltd. Zero Coupon, 04/19/22		3,000,000		2,999,250
Westpac Banking Corp. 0.500%, SOFR + 0.230%, 02/17/23 (g)		3,000,000		2,990,619
				76,148,717
Commercial Paper—0.3%
DNB Bank ASA 0.830%, SOFR + 0.550%, 09/07/22 (g)		2,000,000		2,000,798

BHFTI-376

Brighthouse Funds Trust I

T. Rowe Price Mid Cap Growth Portfolio

Schedule of Investments as of March 31, 2022 (Unaudited)

Securities Lending Reinvestments (f)—(Continued)

Security Description	Principal Amount*		Value
Commercial Paper—(Continued)
Macquarie Bank Ltd. 0.510%, SOFR + 0.230%, 08/04/22 (g)		3,000,000	$	2,997,693
				4,998,491
Repurchase Agreements—6.7%
Citigroup Global Markets, Inc. Repurchase Agreement dated 03/31/22 at 0.620%, due on 05/05/22 with a maturity value of $5,003,014; collateralized by U.S. Treasury Obligations with rates ranging from 1.375% - 4.375%, maturity dates ranging from 02/15/39 - 05/15/47, and various Common Stock with an aggregate market value of $5,100,673.		5,000,000		5,000,000
Repurchase Agreement dated 03/31/22 at 0.620%, due on 05/05/22 with a maturity value of $5,003,014; collateralized by U.S. Treasury Obligations with rates ranging from 0.000% - 3.875%, maturity dates ranging from 04/21/22 - 05/15/51, and various Common Stock with an aggregate market value of $5,350,305.		5,000,000		5,000,000
Citigroup Global Markets, Ltd. Repurchase Agreement dated 03/31/22 at 0.300%, due on 04/01/22 with a maturity value of $2,900,024; collateralized by U.S. Treasury and Foreign Obligations with rates ranging from 0.125% - 2.875%, maturity dates ranging from 08/15/23 - 02/15/51, and an aggregate market value of $2,958,001.		2,900,000		2,900,000
ING Financial Markets LLC Repurchase Agreement dated 03/31/22 at 0.260%, due on 04/01/22 with a maturity value of $24,072,063; collateralized by U.S. Government Agency Obligations with rates ranging from 0.350% - 6.625%, maturity dates ranging from 04/05/22 - 11/15/30, and an aggregate market value of $24,553,487.		24,071,889		24,071,889
National Bank Financial, Inc. Repurchase Agreement dated 03/31/22 at 0.320%, due on 04/01/22 with a maturity value of $8,100,072; collateralized by U.S. Treasury Obligations with rates ranging from 0.125% - 3.000%, maturity dates ranging from 06/30/22 - 02/15/49, and an aggregate market value of $8,266,608.		8,100,000		8,100,000
National Bank of Canada Repurchase Agreement dated 03/31/22 at 0.320%, due on 04/07/22 with a maturity value of $10,900,678; collateralized by U.S. Treasury Obligations with rates ranging from 0.000% - 4.500%, maturity dates ranging from 04/14/22 - 08/15/51, and an aggregate market value of $11,124,201.		10,900,000		10,900,000
Repurchase Agreement dated 03/31/22 at 0.450%, due on 04/07/22 with a maturity value of $16,601,453; collateralized by U.S. Treasury Obligations with rates ranging from 0.500% - 3.000%, maturity dates ranging from 11/30/23 - 08/15/48, and various Common Stock with an aggregate market value of $18,356,258.		16,600,000		16,600,000
Repurchase Agreements—(Continued)
NBC Global Finance, Ltd. Repurchase Agreement dated 03/31/22 at 0.440%, due on 04/01/22 with a maturity value of $700,009; collateralized by U.S. Treasury Obligations with rates ranging from 0.125% - 4.750%, maturity dates ranging from 05/15/24 - 02/15/50, and various Common Stock with an aggregate market value of $777,264.		700,000		700,000
Repurchase Agreement dated 03/31/22 at 0.485%, due on 04/07/22 with a maturity value of $1,500,141; collateralized by U.S. Treasury Obligations with rates ranging from 0.125% - 4.750%, maturity dates ranging from 05/15/24 - 02/15/50, and various Common Stock with an aggregate market value of $1,665,565.		1,500,000		1,500,000
Societe Generale Repurchase Agreement dated 03/31/22 at 0.360%, due on 04/01/22 with a maturity value of $12,500,125; collateralized by various Common Stock with an aggregate market value of $13,890,037.		12,500,000		12,500,000
Repurchase Agreement dated 03/31/22 at 0.410%, due on 04/01/22 with a maturity value of $3,000,034; collateralized by various Common Stock with an aggregate market value of $3,333,869.		3,000,000		3,000,000
Repurchase Agreement dated 03/31/22 at 0.420%, due on 04/07/22 with a maturity value of $2,000,163; collateralized by various Common Stock with an aggregate market value of $2,222,579.		2,000,000		2,000,000
TD Prime Services LLC Repurchase Agreement dated 03/31/22 at 0.400%, due on 04/01/22 with a maturity value of $10,000,111; collateralized by various Common Stock with an aggregate market value of $11,266,654.		10,000,000		10,000,000
				102,271,889
Time Deposits—1.3%
Canadian Imperial Bank of Commerce 0.320%, 04/01/22		2,000,000		2,000,000
DZ Bank AG (NY) 0.300%, 04/01/22		5,000,000		5,000,000
Jyske Bank A/S 0.750%, 04/11/22		3,000,000		3,000,000
National Bank of Canada 0.370%, OBFR + 0.050%, 04/07/22 (g)		5,000,000		5,000,000
Skandi (NY) 0.300%, 04/01/22		5,000,000		5,000,000
				20,000,000
Mutual Funds—0.1%
Morgan Stanley Liquidity Funds Government Portfolio, Institutional Shares 0.230% (h)		1,000,000		1,000,000

BHFTI-377

Brighthouse Funds Trust I

T. Rowe Price Mid Cap Growth Portfolio

Schedule of Investments as of March 31, 2022 (Unaudited)

Securities Lending Reinvestments (f)—(Continued)

Security Description	Shares		Value
Mutual Funds—(Continued)
STIT-Government & Agency Portfolio, Institutional Class 0.250% (h)		1,000,000	$	1,000,000
				2,000,000
Total Securities Lending Reinvestments (Cost $205,471,135)				205,419,097
Total Investments—113.2% (Cost $1,228,669,083)				1,732,827,761
Other assets and liabilities (net)—(13.2)%				(201,637,603	)
Net Assets—100.0%			$	1,531,190,158

*	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 March 31, 2022, the market value of restricted securities was $30,065,936, which is 2.0% 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 March 31, 2022, the market value of securities loaned was $199,544,009 and the collateral received consisted of cash in the amount of $205,462,375 and non-cash collateral with a value of $1,838,456. 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 March 31, 2022, these securities represent 2.0% 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 March 31, 2022.
(g)	Variable or floating rate security. The stated rate represents the rate at March 31, 2022. 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 March 31, 2022.

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, Inc. - Series G		02/01/21		3,374		598,439		559,679
Databricks, Inc. - Series H		08/31/21		4,062		895,478		673,805
Maplebear, Inc. - Series E		11/19/21		21,660		2,604,276		2,079,360
Maplebear, Inc. - Series I		02/26/21		3,514		439,250		337,344
Nuro, Inc. Series D		10/29/21		37,838		788,760		788,760
Redwood Materials, Inc. - Series C		05/28/21		18,350		869,854		956,952
Rivian Automotive, Inc.		12/23/19-07/10/20		378,009		4,552,858		18,358,196
Sila Nano, Inc. - Series F		01/07/21		43,934		1,813,280		1,369,423
Venture Global LNG, Inc. - Series B		10/16/17-03/08/18		78		235,560		464,113
Venture Global LNG, Inc. - Series C		03/18/18		540		1,987,525		3,213,092
							$	30,065,936

Glossary of Abbreviations

Index Abbreviations

(OBFR)—	U.S. Overnight Bank Funding Rate
(SOFR)—	Secured Overnight Financing Rate

Other Abbreviations

(ADR)— American Depositary Receipt

BHFTI-378

Brighthouse Funds Trust I

T. Rowe Price Mid Cap Growth Portfolio

Schedule of Investments as of March 31, 2022 (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 March 31, 2022:

Description	Level 1		Level 2		Level 3		Total
Common Stocks
Aerospace & Defense	$	50,556,076	$	—	$	—	$	50,556,076
Airlines		17,019,280		—		—		17,019,280
Auto Components		2,765,301		—		—		2,765,301
Automobiles		—		18,358,196		—		18,358,196
Beverages		6,715,481		—		—		6,715,481
Biotechnology		61,180,401		—		—		61,180,401
Capital Markets		59,214,408		—		—		59,214,408
Chemicals		9,406,320		—		—		9,406,320
Commercial Services & Supplies		10,156,190		—		—		10,156,190
Construction Materials		13,408,798		—		—		13,408,798
Consumer Finance		1,746,766		—		—		1,746,766
Containers & Packaging		70,665,391		—		—		70,665,391
Diversified Consumer Services		20,383,680		—		—		20,383,680
Electrical Equipment		1,956,192		—		—		1,956,192
Electronic Equipment, Instruments & Components		58,988,404		—		—		58,988,404
Entertainment		26,092,714		—		—		26,092,714
Food & Staples Retailing		17,954,202		—		—		17,954,202
Food Products		4,768,028		—		—		4,768,028
Health Care Equipment & Supplies		145,126,601		—		—		145,126,601
Health Care Providers & Services		24,939,273		—		—		24,939,273
Health Care Technology		23,642,107		—		—		23,642,107
Hotels, Restaurants & Leisure		73,363,257		—		—		73,363,257
Household Products		5,342,814		—		—		5,342,814
Industrial Conglomerates		14,166,900		—		—		14,166,900
Insurance		30,165,462		—		—		30,165,462
Interactive Media & Services		11,125,793		—		—		11,125,793
Internet & Direct Marketing Retail		9,840,519		—		—		9,840,519
IT Services		25,163,710		—		—		25,163,710
Leisure Products		2,436,505		—		—		2,436,505
Life Sciences Tools & Services		87,568,444		—		—		87,568,444
Machinery		72,978,566		—		—		72,978,566
Multiline Retail		36,399,290		—		—		36,399,290
Oil, Gas & Consumable Fuels		—		—		3,677,205		3,677,205
Personal Products		1,399,995		—		—		1,399,995
Pharmaceuticals		51,376,042		—		—		51,376,042
Professional Services		73,197,043		—		—		73,197,043
Real Estate Management & Development		768,471		—		—		768,471
Road & Rail		23,793,615		—		—		23,793,615
Semiconductors & Semiconductor Equipment		116,898,207		—		—		116,898,207
Software		115,278,755		—		—		115,278,755
Specialty Retail		52,267,562		—		—		52,267,562
Textiles, Apparel & Luxury Goods		7,859,029		—		—		7,859,029
Total Common Stocks		1,438,075,592		18,358,196		3,677,205		1,460,110,993
Total Convertible Preferred Stocks*		—		—		8,030,535		8,030,535
Total Short-Term Investment*		59,267,136		—		—		59,267,136

BHFTI-379

Brighthouse Funds Trust I

T. Rowe Price Mid Cap Growth Portfolio

Schedule of Investments as of March 31, 2022 (Unaudited)

Fair Value Hierarchy—(Continued)

Description	Level 1		Level 2			Level 3		Total
Securities Lending Reinvestments
Certificates of Deposit	$	—	$	76,148,717		$	—	$	76,148,717
Commercial Paper		—		4,998,491			—		4,998,491
Repurchase Agreements		—		102,271,889			—		102,271,889
Time Deposits		—		20,000,000			—		20,000,000
Mutual Funds		2,000,000		—			—		2,000,000
Total Securities Lending Reinvestments		2,000,000		203,419,097			—		205,419,097
Total Investments	$	1,499,342,728	$	221,777,293		$	11,707,740	$	1,732,827,761
Collateral for Securities Loaned (Liability)	$	—	$	(205,462,375	)	$	—	$	(205,462,375	)

* 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, 2021		Change in Unrealized Appreciation/ (Depreciation)			Balance as of March 31, 2022		Change in Unrealized Appreciation/ (Depreciation) from Investments Held at March 31, 2022
Common Stocks
Oil, Gas & Consumable Fuels	$	3,677,205		—		$	3,677,205		—
Convertible Preferred Stocks							—
Automobiles		2,602,039		(443,856	)		2,158,183		(443,856	)
Commercial Services & Supplies		869,854		87,098			956,952		87,098
Health Care Providers & Services		1,265,212		—			1,265,212		—
Internet & Direct Marketing Retail		2,989,413		(572,709	)		2,416,704		(572,709	)
Software		1,677,710		(444,226	)		1,233,484		(444,226	)
	$	13,081,433	$	(1,373,693	)	$	11,707,740	$	(1,373,693	)

BHFTI-380

Brighthouse Funds Trust I

T. Rowe Price Mid Cap Growth Portfolio

Schedule of Investments as of March 31, 2022 (Unaudited)

	Fair Value at March 31, 2022			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	$	3,677,205		Discounted Projected Multiple		Forward Enterprise Value/EBITDA		12.5x			12.5x			12.5x		Increase
						Discount Rate		20.00	%		20.00	%		20.00	%	Decrease
						Discount for Lack of Marketability		10.00	%		10.00	%		10.00	%	Decrease
				Comparable Company Analysis		Enterprise Value/EBITDA		10.5x			10.5x			10.5x		Increase
						Discount for Lack of Marketability		10.00	%		10.00	%		10.00	%	Decrease
Convertible Preferred Stocks
Automobiles		1,369,423	(a)	Market Transaction Method		Precedent Transaction	$	41.27		$	41.27		$	41.27		Increase
				Comparable Company Analysis		Enterprise Value/Revenue		6.2x			6.2x			6.2x		Increase
						Enterprise Value/EBITDA		4.3x			4.3x			4.3x		Increase
						Discount for Lack of Marketability		10.00	%		10.00	%		10.00	%	Decrease
		788,760		Market Transaction Method		Precedent Transaction	$	20.85		$	20.85		$	20.85		Increase
Commercial Services & Supplies		956,952	(a)	Market Transaction Method		Precedent Transaction	$	47.40		$	47.40		$	47.40		Increase
				Comparable Company Analysis		Enterprise Value/Revenue		4.7x			4.7x			4.7x		Increase
						Discount for Lack of Marketability		10.00	%		10.00	%		10.00	%	Decrease
Health Care Providers & Services		1,265,212		Market Transaction Method		Precedent Transaction	$	8.10		$	8.10		$	8.10		Increase
Internet & Direct Marketing Retail		2,416,704	(a)	Market Transaction Method		Precedent Transaction	$	118.75		$	125.00		$	121.88		Increase
				Comparable Company Analysis		Enterprise Value/EBITDA		12.7x			95.2x			43.3x		Increase
						Discount for Lack of Marketability		10.00	%		10.00	%		10.00	%	Decrease
Software		1,233,484		Market Transaction Method		Precedent Transaction	$	220.45		$	220.45		$	220.45		Increase
				Comparable Company Analysis		Enterprise Value/Revenue		10.5x			16.8x			13.7x		Increase
						Enterprise Value/Gross Profit		14.1x			23.2x			18.7x		Increase
						Discount for Lack of Marketability		10.00	%		10.00	%		10.00	%	Decrease

(a) For the period ended March 31, 2022, the valuation technique changed to a multi-tiered approach. The investments were previously valued utilizing only the precedent transaction price.

The change was due to the consideration of the market environment and the most recent financial information that was available at the time the investments were valued.

BHFTI-381

Brighthouse Funds Trust I

TCW Core Fixed Income Portfolio

Schedule of Investments as of March 31, 2022 (Unaudited)

U.S. Treasury & Government Agencies—70.2% of Net Assets

Security Description	Principal Amount*		Value
Agency Sponsored Mortgage - Backed—32.2%
Fannie Mae 15 Yr. Pool
3.000%, 06/01/32		574,913	$	580,892
Fannie Mae 20 Yr. Pool
2.000%, 08/01/40		2,556,993		2,400,527
2.000%, 10/01/40		6,483,517		6,086,173
2.000%, 11/01/40		3,799,710		3,566,729
2.000%, 07/01/41		4,124,000		3,870,293
Fannie Mae 30 Yr. Pool
3.000%, 07/01/45		8,572,733		8,522,482
3.000%, 09/01/49		4,585,409		4,511,536
3.500%, 01/01/48		3,043,122		3,073,777
3.500%, 02/01/48		1,627,006		1,648,352
4.000%, 06/01/47		851,032		875,946
4.500%, 02/01/46		1,501,840		1,583,817
4.500%, 05/01/48		4,359,072		4,534,345
4.500%, 08/01/48		795,801		827,971
Fannie Mae Pool
2.455%, 04/01/40		2,790,000		2,453,816
3.000%, 10/01/49		1,094,448		1,059,178
3.500%, 01/01/44		2,765,419		2,823,597
4.000%, 08/01/42		407,424		427,505
Fannie Mae REMICS (CMO)
3.000%, 06/25/48		1,952,912		1,934,619
3.500%, 01/25/47		2,905,334		2,926,326
3.500%, 06/25/47		1,450,346		1,466,330
Freddie Mac 15 Yr. Gold Pool
3.000%, 03/01/31		877,596		887,368
3.000%, 06/01/33		247,469		250,213
3.500%, 11/01/33		1,253,036		1,282,148
3.500%, 01/01/34		2,211,269		2,278,368
Freddie Mac 30 Yr. Gold Pool
3.000%, 09/01/46		1,033,037		1,027,063
3.000%, 10/01/46		2,765,158		2,754,826
3.000%, 11/01/46		4,271,773		4,254,929
3.000%, 01/01/47		5,261,257		5,225,366
3.500%, 01/01/44		2,031,261		2,073,225
3.500%, 04/01/45		3,231,214		3,297,835
3.500%, 11/01/45		328,296		334,148
3.500%, 06/01/46		1,203,290		1,216,947
3.500%, 08/01/46		1,408,807		1,437,879
3.500%, 04/01/47		7,277,625		7,410,385
3.500%, 12/01/47		11,455,751		11,633,239
3.500%, 01/01/48		13,433,768		13,663,973
3.500%, 03/01/48		9,544,777		9,683,693
4.000%, 01/01/45		2,259,857		2,360,190
4.000%, 12/01/45		5,074,578		5,311,846
4.000%, 03/01/48		432,972		449,166
4.000%, 06/01/48		29,492		30,542
4.000%, 11/01/48		698,823		725,038
4.500%, 10/01/48		1,634,677		1,702,950
5.000%, 06/01/48		462,263		489,570
5.000%, 08/01/48		76,754		81,460
5.000%, 10/01/48		943,612		998,516
Freddie Mac 30 Yr. Pool
3.000%, 01/01/50		6,104,419		6,009,233
Agency Sponsored Mortgage - Backed—(Continued)
Freddie Mac Multifamily Structured Pass-Through Certificates
3.750%, 04/25/33		5,465,000	$	5,839,516
Freddie Mac REMICS (CMO) 3.000%, 04/15/48		830,845		819,020
Ginnie Mae II 30 Yr. Pool 2.000%, TBA (a)		9,750,000		9,274,687
2.500%, TBA (a)		26,700,000		25,895,871
3.000%, 10/20/46		910,562		907,026
3.000%, 12/20/46		2,848,517		2,837,448
3.000%, 04/20/47		582,780		580,525
3.000%, 11/20/47		1,039,928		1,035,480
3.500%, 04/20/46		2,079,123		2,119,357
3.500%, 05/20/46		924,527		941,971
3.500%, 06/20/46		204,539		208,211
3.500%, 11/20/46		3,101,803		3,151,232
3.500%, 01/20/47		529,894		538,577
3.500%, 09/20/47		1,007,324		1,025,396
3.500%, 11/20/47		2,036,113		2,065,480
4.000%, 11/20/47		1,053,703		1,091,156
4.000%, 12/20/47		942,694		976,183
4.000%, 03/20/48		688,314		712,762
4.000%, 10/20/48		1,364,321		1,404,289
4.500%, 02/20/47		1,931,428		2,044,852
4.500%, 06/20/47		3,059,375		3,209,482
5.000%, 06/20/47		1,666,968		1,782,333
5.000%, 09/20/47		896,944		958,293
Ginnie Mae II Pool 3.000%, 10/20/49		1,070,763		1,052,321
3.500%, 07/20/49		164,062		162,638
Government National Mortgage Association (CMO) 3.500%, 09/20/48		1,641,623		1,661,085
Uniform Mortgage-Backed Securities 15 Yr. Pool 2.000%, TBA (a)	25,050,000		24,328,834
2.500%, TBA (a)		19,550,000		19,320,135
Uniform Mortgage-Backed Securities 30 Yr. Pool 2.000%, TBA (a)		143,700,000		133,173,714
2.500%, TBA (a)		161,925,000		154,166,331
3.000%, TBA (a)		52,575,000		51,345,081
				596,673,613
Federal Agencies—1.6%
Federal Home Loan Banks 1.040%, 06/14/24		20,515,000		19,998,171
1.610%, 09/04/24		9,855,000		9,696,169
				29,694,340
U.S. Treasury—36.4%
U.S. Treasury Bonds 1.875%, 11/15/51 (b)		7,307,000		6,409,609
2.000%, 11/15/41		73,957,000		66,919,529
2.250%, 05/15/41		25,855,000		24,407,726
2.250%, 02/15/52 (b)		32,385,000		31,059,239
2.375%, 02/15/42		4,190,000		4,041,386
U.S. Treasury Inflation Indexed Bond
0.125%, 02/15/52 (c)		3,172,446		3,285,836

BHFTI-382

Brighthouse Funds Trust I

TCW Core Fixed Income Portfolio

Schedule of Investments as of March 31, 2022 (Unaudited)

U.S. Treasury & Government Agencies—(Continued)

Security Description	Principal Amount*		Value
U.S. Treasury—(Continued)
U.S. Treasury Notes
0.750%, 12/31/23 (b)		32,179,000	$	31,344,357
0.875%, 01/31/24 (b)		46,570,000		45,383,920
1.250%, 12/31/26		10,680,000		10,090,514
1.500%, 02/29/24 (b)		64,592,000		63,650,875
1.500%, 01/31/27 (b)		40,148,000		38,366,433
1.750%, 03/15/25 (b)		125,621,000		122,961,367
1.875%, 02/28/27 (b)		104,825,000		102,016,017
1.875%, 02/15/32		2,960,000		2,842,525
2.250%, 03/31/24		32,040,000		31,996,195
2.500%, 03/31/27		88,935,000		89,129,546
				673,905,074
Total U.S. Treasury & Government Agencies (Cost $1,322,450,414)				1,300,273,027
Corporate Bonds & Notes—28.6%
Aerospace/Defense—0.3%
BAE Systems Holdings, Inc. 3.850%, 12/15/25 (144A)		1,500,000		1,505,088
Boeing Co. (The) 1.433%, 02/04/24		3,500,000		3,385,231
				4,890,319
Agriculture—0.6%
BAT Capital Corp. 4.390%, 08/15/37		830,000		771,831
4.540%, 08/15/47 (b)		5,585,000		4,983,982
5.650%, 03/16/52		430,000		436,225
Imperial Brands Finance plc 3.125%, 07/26/24 (144A)		2,800,000		2,773,935
Reynolds American, Inc. 5.700%, 08/15/35 (b)		1,170,000		1,234,446
5.850%, 08/15/45		1,805,000		1,857,213
				12,057,632
Airlines—0.1%
American Airlines Pass-Through Trust 4.000%, 07/15/25		888,024		824,139
U.S. Airways Pass-Through Trust 6.250%, 04/22/23		1,079,130		1,087,178
				1,911,317
Auto Manufacturers—0.3%
General Motors Co. 4.875%, 10/02/23		3,330,000		3,430,909
General Motors Financial Co., Inc. 3.150%, 06/30/22		1,290,000		1,293,193
3.450%, 04/10/22		405,000		405,137
				5,129,239
Banks—9.3%
Bank of America Corp. 1.658%, SOFR + 0.910%, 03/11/27 (b) (d)		9,885,000		9,214,522
1.734%, SOFR + 0.960%, 07/22/27 (b) (d)		1,591,000		1,477,538
2.087%, SOFR + 1.060%, 06/14/29 (b) (d)		3,640,000		3,324,934
2.687%, SOFR + 1.320%, 04/22/32 (d)		605,000		556,380
2.972%, SOFR + 1.330%, 02/04/33 (b) (d)		3,360,000		3,148,296
3.004%, 3M LIBOR + 0.790%, 12/20/23 (d)		6,139,000		6,154,500
3.970%, 3M LIBOR + 1.070%, 03/05/29 (b) (d)		990,000		1,005,066
Citigroup, Inc.
1.281%, SOFR + 0.528%, 11/03/25 (b) (d)		1,695,000		1,612,976
1.462%, SOFR + 0.770%, 06/09/27 (b) (d)		5,180,000		4,757,248
2.561%, SOFR + 1.167%, 05/01/32 (d)		925,000		834,137
3.057%, SOFR + 1.351%, 01/25/33 (b) (d)		3,655,000		3,414,989
3.070%, SOFR + 1.280%, 02/24/28 (b) (d)		960,000		935,000
3.785%, SOFR + 1.939%, 03/17/33 (d)		2,390,000		2,369,275
Credit Suisse Group AG 1.305%, SOFR + 0.980%, 02/02/27 (144A) (b) (d)		1,310,000		1,171,659
2.193%, SOFR + 2.044%, 06/05/26 (144A) (d)		5,220,000		4,902,006
2.593%, SOFR + 1.560%, 09/11/25 (144A) (d)		490,000		473,345
3.091%, SOFR + 1.730%, 05/14/32 (144A) (b) (d)		2,690,000		2,426,104
3.869%, 3M LIBOR + 1.410%, 01/12/29 (144A) (d)		785,000		766,030
4.282%, 01/09/28 (144A)		340,000		339,615
DNB Bank ASA 1.605%, 1Y H15 + 0.680%, 03/30/28 (144A) (d)		3,140,000		2,835,730
Goldman Sachs Group, Inc. (The) 0.925%, SOFR + 0.486%, 10/21/24 (d)		2,060,000		1,996,763
1.093%, SOFR + 0.789%, 12/09/26 (d)		1,025,000		938,529
1.217%, 12/06/23 (b)		5,155,000		5,030,392
1.431%, SOFR + 0.798%, 03/09/27 (b) (d)		5,605,000		5,165,012
1.542%, SOFR + 0.818%, 09/10/27 (d)		1,970,000		1,800,440
1.948%, SOFR + 0.913%, 10/21/27 (d)		3,925,000		3,647,694
3.102%, SOFR + 1.410%, 02/24/33 (d)		3,800,000		3,581,832
3.200%, 02/23/23 (b)		875,000		882,778
HSBC Holdings plc 2.013%, SOFR + 1.732%, 09/22/28 (b) (d)		5,400,000		4,896,399
2.206%, SOFR + 1.285%, 08/17/29 (b) (d)		2,880,000		2,590,461
2.251%, SOFR + 1.100%, 11/22/27 (d)		675,000		628,922
2.633%, SOFR + 1.402%, 11/07/25 (d)		1,835,000		1,789,859
2.804%, SOFR + 1.187%, 05/24/32 (d)		2,180,000		1,980,834
2.871%, SOFR + 1.410%, 11/22/32 (d)		1,025,000		931,732
JPMorgan Chase & Co. 0.697%, SOFR + 0.580%, 03/16/24 (d)		3,935,000		3,860,251
0.969%, 3M TSFR + 0.580%, 06/23/25 (b) (d)		3,930,000		3,752,214
1.578%, SOFR + 0.885%, 04/22/27 (d)		5,370,000		5,001,500
2.005%, 3M TSFR + 1.585%, 03/13/26 (d)		1,700,000		1,638,915
2.083%, SOFR + 1.850%, 04/22/26 (d)		450,000		434,252
2.545%, SOFR + 1.180%, 11/08/32 (d)		1,010,000		922,884
2.580%, SOFR + 1.250%, 04/22/32 (d)		1,910,000		1,749,852
2.947%, SOFR + 1.170%, 02/24/28 (b) (d)		1,250,000		1,219,845
2.963%, SOFR + 1.260%, 01/25/33 (b) (d)		4,010,000		3,780,441
Lloyds Banking Group plc 1.627%, 1Y H15 + 0.850%, 05/11/27 (b) (d)		1,200,000		1,100,342
2.907%, 3M LIBOR + 0.810%, 11/07/23 (d)		2,010,000		2,012,822
3.750%, 1Y H15 + 1.800%, 03/18/28 (d)		1,085,000		1,081,824
3.870%, 1Y H15 + 3.500%, 07/09/25 (b) (d)		2,515,000		2,541,484

BHFTI-383

Brighthouse Funds Trust I

TCW Core Fixed Income Portfolio

Schedule of Investments as of March 31, 2022 (Unaudited)

Corporate Bonds & Notes—(Continued)

Security Description	Principal Amount*		Value
Banks—(Continued)
Macquarie Group, Ltd. 2.871%, SOFR + 1.532%, 01/14/33 (144A) (d)		5,160,000	$	4,579,845
4.442%, SOFR + 2.405%, 06/21/33 (144A) (b)		1,210,000		1,221,314
Morgan Stanley 1.164%, SOFR + 0.560%, 10/21/25 (b) (d)		5,365,000		5,096,423
1.593%, SOFR + 0.879%, 05/04/27 (d)		2,740,000		2,545,684
2.239%, SOFR + 1.178%, 07/21/32 (d)		645,000		571,553
2.511%, SOFR + 1.200%, 10/20/32 (d)		1,405,000		1,266,381
2.943%, SOFR + 1.290%, 01/21/33 (d)		2,735,000		2,564,714
3.875%, 01/27/26		2,010,000		2,048,236
NatWest Group plc 4.269%, 3M LIBOR + 1.762%, 03/22/25 (d)		3,830,000		3,874,424
Santander UK Group Holdings plc 1.089%, SOFR + 0.787%, 03/15/25 (b) (d)		3,445,000		3,276,759
1.532%, 1Y H15 + 1.250%, 08/21/26 (d)		330,000		303,348
1.673%, SOFR + 0.989%, 06/14/27 (b) (d)		1,250,000		1,137,279
2.469%, SOFR + 1.220%, 01/11/28 (d)		725,000		674,291
Santander UK plc 5.000%, 11/07/23 (144A)		3,950,000		4,040,257
UBS AG 0.700%, 08/09/24 (144A) (b)		3,150,000		2,986,652
Wells Fargo & Co. 2.164%, 3M LIBOR + 0.750%, 02/11/26 (b) (d)		2,885,000		2,790,569
2.393%, SOFR + 2.100%, 06/02/28 (b) (d)		6,130,000		5,796,529
3.350%, SOFR + 1.500%, 03/02/33 (b) (d)		5,085,000		4,941,820
3.526%, SOFR + 1.510%, 03/24/28 (b) (d)		4,740,000		4,730,481
5.013%, SOFR + 4.502%, 04/04/51 (b) (d)		755,000		896,012
				172,020,194
Beverages—0.4%
Anheuser-Busch Cos. LLC / Anheuser-Busch InBev Worldwide, Inc. 4.700%, 02/01/36 (b)		1,500,000		1,608,773
4.900%, 02/01/46		2,374,000		2,640,232
Anheuser-Busch InBev Worldwide, Inc. 4.600%, 04/15/48 (b)		1,200,000		1,295,129
Bacardi, Ltd. 4.450%, 05/15/25 (144A)		405,000		414,511
5.300%, 05/15/48 (144A)		1,105,000		1,234,790
				7,193,435
Biotechnology—0.2%
Amgen, Inc. 3.350%, 02/22/32		1,155,000		1,144,191
4.200%, 02/22/52 (b)		680,000		703,252
4.400%, 02/22/62		965,000		998,049
				2,845,492
Chemicals—0.2%
International Flavors & Fragrances, Inc. 2.300%, 11/01/30 (144A)		4,273,000		3,814,362
5.000%, 09/26/48 (b)		460,000		504,530
				4,318,892
Commercial Services—0.1%
S&P Global, Inc. 4.750%, 08/01/28 (144A)		1,500,000		1,611,519
Cosmetics/Personal Care—0.2%
GSK Consumer Healthcare Capital U.S. LLC 3.625%, 03/24/32 (144A) (b)		3,750,000		3,746,475
Diversified Financial Services—1.5%
AerCap Ireland Capital DAC / AerCap Global Aviation Trust 3.300%, 01/30/32 (b)		4,300,000		3,876,276
3.500%, 01/15/25 (b)		1,765,000		1,734,050
3.875%, 01/23/28		475,000		462,963
Air Lease Corp. 2.300%, 02/01/25		4,715,000		4,535,220
American Express Co. 2.550%, 03/04/27		1,930,000		1,876,585
Avolon Holdings Funding, Ltd.
2.528%, 11/18/27 (144A)		1,274,000		1,125,392
2.875%, 02/15/25 (144A)		1,995,000		1,915,556
3.950%, 07/01/24 (144A)		560,000		558,188
Capital One Financial Corp. 3.273%, SOFR + 1.790%, 03/01/30 (d)		2,700,000		2,607,000
Charles Schwab Corp.(The) 2.900%, 03/03/32	2,895,000		2,787,321
Intercontinental Exchange, Inc. 1.850%, 09/15/32 (b)		2,155,000		1,861,151
Park Aerospace Holdings, Ltd. 4.500%, 03/15/23 (144A) (b)		2,330,000		2,346,563
5.500%, 02/15/24 (144A) (b)		390,000		399,160
Raymond James Financial, Inc. 4.950%, 07/15/46 (b)		995,000		1,114,141
				27,199,566
Electric—1.7%
Appalachian Power Co. 3.300%, 06/01/27 (b)		760,000		764,092
4.450%, 06/01/45		1,440,000		1,453,286
Duke Energy Carolinas LLC 4.250%, 12/15/41		1,300,000		1,359,565
Duke Energy Corp. 2.550%, 06/15/31 (b)		680,000		621,722
Duke Energy Progress LLC 4.100%, 05/15/42		1,000,000		1,030,054
4.100%, 03/15/43 (b)		2,325,000		2,368,558
El Paso Electric Co. 3.300%, 12/15/22		825,000		829,220
Evergy Metro, Inc. 4.200%, 03/15/48		2,250,000		2,335,555
FirstEnergy Transmission LLC 4.350%, 01/15/25 (144A)		3,430,000		3,446,525
Florida Power & Light Co. 3.990%, 03/01/49		2,000,000		2,138,048
International Transmission Co. 4.625%, 08/15/43		2,750,000		3,025,038
MidAmerican Energy Co. 4.800%, 09/15/43		905,000		1,028,751

BHFTI-384

Brighthouse Funds Trust I

TCW Core Fixed Income Portfolio

Schedule of Investments as of March 31, 2022 (Unaudited)

Corporate Bonds & Notes—(Continued)

Security Description	Principal Amount*		Value
Electric—(Continued)
PacifiCorp 3.350%, 07/01/25		2,000,000	$	2,006,295
Pennsylvania Electric Co. 3.250%, 03/15/28 (144A)		570,000		548,505
4.150%, 04/15/25 (144A)		2,800,000		2,817,804
Public Service Co. of New Mexico 3.850%, 08/01/25		3,135,000		3,116,904
Southwestern Electric Power Co. 4.100%, 09/15/28		3,000,000		3,059,421
				31,949,343
Entertainment—0.4%
Magallanes, Inc. 4.279%, 03/15/32 (144A) (b)		1,795,000		1,802,985
5.050%, 03/15/42 (144A)		3,805,000		3,881,215
5.141%, 03/15/52 (144A)		1,905,000		1,948,995
				7,633,195
Food—0.4%
JBS USA LUX S.A. / JBS USA Food Co. / JBS USA Finance, Inc. 3.000%, 05/15/32 (144A) (b)		2,285,000		2,056,523
3.750%, 12/01/31 (144A) (b)		380,000		352,729
4.375%, 02/02/52 (144A) (b)		1,500,000		1,304,825
Kraft Heinz Foods Co. 4.875%, 10/01/49 (b)		1,645,000		1,733,221
5.000%, 07/15/35 (b)		721,000		768,608
5.200%, 07/15/45 (b)		1,915,000		2,072,988
				8,288,894
Gas—0.5%
KeySpan Gas East Corp. 3.586%, 01/18/52 (144A) (b)		5,000,000		4,434,921
Southern Co. Gas Capital Corp. 3.250%, 06/15/26		4,000,000		3,979,015
Spire, Inc. 4.700%, 08/15/44		1,000,000		1,019,606
				9,433,542
Healthcare-Services—2.0%
Aetna, Inc. 2.800%, 06/15/23 (b)		2,000,000		2,007,411
Anthem, Inc. 3.650%, 12/01/27 (b)		2,235,000		2,281,035
Centene Corp. 3.000%, 10/15/30 (b)		4,362,000		4,006,366
CommonSpirit Health 2.782%, 10/01/30		870,000		810,792
3.347%, 10/01/29		1,050,000		1,019,443
Fresenius Medical Care U.S. Finance III, Inc. 1.875%, 12/01/26 (144A) (b)		2,050,000		1,896,513
HCA, Inc. 2.375%, 07/15/31 (b)		465,000		415,574
3.625%, 03/15/32 (144A) (b)		1,875,000		1,837,415
4.125%, 06/15/29		2,493,000		2,541,122
Healthcare-Services—(Continued)
HCA, Inc.
4.625%, 03/15/52 (144A)		970,000		977,538
5.250%, 04/15/25 (b)		1,000,000		1,052,811
5.250%, 06/15/26		1,505,000		1,588,536
5.250%, 06/15/49 (b)		3,200,000		3,504,514
5.500%, 06/15/47 (b)		1,000,000		1,128,399
Humana, Inc. 3.700%, 03/23/29		4,685,000		4,700,465
New York and Presbyterian Hospital (The) 3.563%, 08/01/36		4,490,000		4,429,298
UnitedHealth Group, Inc. 4.250%, 04/15/47		1,995,000		2,161,214
				36,358,446
Insurance—0.9%
Aon Corp. 3.900%, 02/28/52 (b)		960,000		947,436
Athene Global Funding 1.985%, 08/19/28 (144A)		5,100,000		4,480,401
3.205%, 03/08/27 (144A)		1,055,000		1,015,602
Berkshire Hathaway Finance Corp. 3.850%, 03/15/52		2,885,000		2,950,106
Farmers Exchange Capital III 5.454%, 3M LIBOR + 3.454%, 10/15/54 (144A) (d)		3,530,000		4,012,889
Farmers Insurance Exchange 4.747%, 3M LIBOR + 3.231%, 11/01/57 (144A) (d)		90,000		95,129
Teachers Insurance & Annuity Association of America 4.375%, 3M LIBOR + 2.661%, 09/15/54 (144A) (d)		3,500,000		3,507,379
				17,008,942
Internet—0.1%
Tencent Holdings, Ltd. 3.680%, 04/22/41 (144A)		920,000		813,533
3.840%, 04/22/51 (144A)		910,000		789,183
				1,602,716
Media—0.7%
Charter Communications Operating LLC / Charter Communications Operating Capital Corp. 5.250%, 04/01/53 (b)		1,605,000		1,615,825
5.375%, 05/01/47 (b)		6,500,000		6,655,292
Paramount Global 4.200%, 05/19/32 (b)		1,780,000		1,782,524
Time Warner Cable LLC 5.500%, 09/01/41		2,065,000		2,143,639
Walt Disney Co. (The) 3.600%, 01/13/51 (b)		1,275,000		1,260,685
				13,457,965
Miscellaneous Manufacturing—0.2%
GE Capital International Funding Co. 4.418%, 11/15/35 (b)		3,179,000		3,413,574
Oil & Gas—0.6%
Exxon Mobil Corp. 4.327%, 03/19/50		1,102,000		1,228,631

BHFTI-385

Brighthouse Funds Trust I

TCW Core Fixed Income Portfolio

Schedule of Investments as of March 31, 2022 (Unaudited)

Corporate Bonds & Notes—(Continued)

Security Description	Principal Amount*		Value
Oil & Gas—(Continued)
Hess Corp. 5.600%, 02/15/41 (b)		1,200,000	$	1,348,378
Occidental Petroleum Corp. 4.500%, 07/15/44 (b)		620,000		592,494
Petroleos Mexicanos 6.750%, 09/21/47 (b)		3,228,000		2,624,041
6.950%, 01/28/60 (b)		355,000		288,122
7.690%, 01/23/50		2,110,000		1,843,612
Shell International Finance B.V. 3.000%, 11/26/51 (b)		1,773,000		1,586,919
4.550%, 08/12/43		1,560,000		1,733,526
				11,245,723
Packaging & Containers—0.4%
Amcor Finance USA, Inc. 3.625%, 04/28/26 (b)		2,625,000		2,663,272
Berry Global, Inc. 1.570%, 01/15/26 (b)		4,810,000		4,480,891
				7,144,163
Pharmaceuticals—1.5%
AbbVie, Inc. 4.400%, 11/06/42		2,600,000		2,743,059
4.450%, 05/14/46		1,384,000		1,470,616
4.500%, 05/14/35		599,000		642,905
4.550%, 03/15/35		775,000		831,967
Bayer U.S. Finance LLC 4.250%, 12/15/25 (144A)		1,195,000		1,215,058
4.375%, 12/15/28 (144A)		3,900,000		3,987,376
4.400%, 07/15/44 (144A) (b)		1,205,000		1,171,462
4.625%, 06/25/38 (144A) (b)		1,250,000		1,296,784
4.875%, 06/25/48 (144A) (b)		1,965,000		2,112,388
Bristol-Myers Squibb Co. 3.700%, 03/15/52 (b)		2,000,000		2,009,878
Cigna Corp. 3.400%, 03/15/51 (b)		739,000		665,852
3.875%, 10/15/47		3,350,000		3,263,353
CVS Health Corp. 5.050%, 03/25/48		5,280,000		5,979,552
5.125%, 07/20/45		100,000		112,881
				27,503,131
Pipelines—1.0%
Enbridge Energy Partners L.P. 5.875%, 10/15/25 (b)		850,000		918,453
Energy Transfer L.P. 5.000%, 05/15/50 (b)		3,830,000		3,875,344
5.150%, 03/15/45 (b)		2,352,000		2,373,587
5.400%, 10/01/47		1,200,000		1,256,318
Kinder Morgan, Inc. 5.550%, 06/01/45 (b)		1,275,000		1,425,378
Plains All American Pipeline L.P. / PAA Finance Corp. 3.800%, 09/15/30 (b)		1,290,000		1,265,336
Rockies Express Pipeline LLC 4.950%, 07/15/29 (144A) (b)		3,000,000		2,906,220
Pipelines—(Continued)
Ruby Pipeline LLC 8.000%, 04/01/22 (144A) (b)		2,262,727		2,087,366
Texas Eastern Transmission L.P. 2.800%, 10/15/22 (144A)		3,275,000		3,284,492
				19,392,494
Real Estate Investment Trusts—1.1%
American Campus Communities Operating Partnership L.P. 3.750%, 04/15/23 (b)		1,500,000		1,515,073
CyrusOne LP / CyrusOne Finance Corp. 2.150%, 11/01/30 (b)		1,955,000		1,951,989
3.450%, 11/15/29		1,350,000		1,390,500
GLP Capital L.P. / GLP Financing II, Inc. 3.350%, 09/01/24 (b)		385,000		382,626
4.000%, 01/15/30 (b)		365,000		354,273
5.250%, 06/01/25		1,000,000		1,029,310
5.300%, 01/15/29		265,000		278,401
5.375%, 04/15/26 (b)		3,160,000		3,301,991
5.750%, 06/01/28		2,000,000		2,152,547
Healthcare Trust of America Holdings L.P. 3.500%, 08/01/26 (b)		2,399,000		2,391,758
Invitation Homes Operating Partnership L.P. 4.150%, 04/15/32		1,855,000		1,894,453
SL Green Operating Partnership L.P. 3.250%, 10/15/22		2,038,000		2,042,025
Ventas Realty L.P. 3.250%, 10/15/26 (b)		2,025,000		2,004,828
				20,689,774
Retail—0.2%
Alimentation Couche-Tard, Inc. 3.550%, 07/26/27 (144A) (b)		2,750,000		2,738,351
Starbucks Corp. 3.000%, 02/14/32 (b)		1,945,000		1,854,796
				4,593,147
Savings & Loans—0.4%
Nationwide Building Society 2.972%, SOFR + 1.290%, 02/16/28 (144A) (b) (d)		2,435,000		2,316,465
3.622%, 3M LIBOR + 1.181%, 04/26/23 (144A) (b) (d)		1,425,000		1,425,255
3.766%, 3M LIBOR + 1.064%, 03/08/24 (144A) (d)		2,820,000		2,835,209
				6,576,929
Semiconductors—0.1%
Broadcom, Inc. 3.469%, 04/15/34 (144A)		916,000		848,336
4.300%, 11/15/32 (b)		905,000		918,363
Intel Corp. 3.050%, 08/12/51 (b)		387,000		344,080
				2,110,779
Software—0.3%
Oracle Corp. 3.600%, 04/01/50		2,750,000		2,280,747

BHFTI-386

Brighthouse Funds Trust I

TCW Core Fixed Income Portfolio

Schedule of Investments as of March 31, 2022 (Unaudited)

Corporate Bonds & Notes—(Continued)

Security Description	Principal Amount*		Value
Software—(Continued)
Oracle Corp. 3.950%, 03/25/51		2,710,000	$	2,369,123
				4,649,870
Telecommunications—2.8%
AT&T, Inc. 2.550%, 12/01/33 (b)		6,050,000		5,375,089
3.800%, 12/01/57		5,084,000		4,638,337
4.300%, 12/15/42		2,701,000		2,725,056
4.750%, 05/15/46		1,590,000		1,726,872
4.850%, 03/01/39		1,368,000		1,488,824
5.250%, 03/01/37 (b)		2,485,000		2,824,703
Level 3 Financing, Inc. 3.400%, 03/01/27 (144A)		575,000		541,938
3.875%, 11/15/29 (144A)		5,185,000		4,770,200
Sprint Spectrum Co. LLC / Sprint Spectrum Co. II LLC / Sprint Spectrum Co. III LLC 4.738%, 03/20/25 (144A)		6,360,000		6,493,534
5.152%, 03/20/28 (144A)		1,650,000		1,737,440
T-Mobile USA, Inc. 2.550%, 02/15/31		1,400,000		1,269,522
3.750%, 04/15/27		2,145,000		2,157,538
3.875%, 04/15/30		4,498,000		4,515,268
4.375%, 04/15/40		2,335,000		2,344,907
Verizon Communications, Inc.
2.355%, 03/15/32 (144A)		4,195,000		3,788,987
2.550%, 03/21/31 (b)		1,105,000		1,026,600
Vodafone Group plc 4.875%, 06/19/49 (b)		2,620,000		2,851,052
5.250%, 05/30/48		1,690,000		1,893,045
				52,168,912
Transportation—0.1%
Union Pacific Corp. 3.500%, 02/14/53		970,000		949,108
Total Corporate Bonds & Notes (Cost $550,581,353)				529,094,727
Asset-Backed Securities—8.4%
Asset-Backed - Home Equity—0.8%
Asset-Backed Funding Certificates Trust 0.737%, 1M LIBOR + 0.280%, 09/25/36 (d)		606,784		604,277
New Century Home Equity Loan Trust 1.237%, 1M LIBOR + 0.780%, 08/25/34 (d)		5,736,447		5,550,515
Option One Mortgage Loan Trust 1.117%, 1M LIBOR + 0.660%, 05/25/35 (d)		729,908		728,061
Soundview Home Loan Trust 0.667%, 1M LIBOR + 0.210%, 06/25/37 (d)		11,202,063		8,395,885
				15,278,738
Asset-Backed - Other—4.1%
AGL CLO, Ltd. 1.414%, 3M LIBOR + 1.160%, 07/20/34 (144A) (d)		5,400,000		5,363,728
Asset-Backed - Other—(Continued)
AIG CLO, Ltd. 1.374%, 3M LIBOR + 1.120%, 04/20/32 (144A) (d)		5,000,000		4,987,330
Ameriquest Mortgage Securities, Inc. 1.042%, 1M LIBOR + 0.585%, 03/25/36 (d)		1,036,896		1,031,389
1.207%, 1M LIBOR + 0.750%, 01/25/36 (d)		5,965,000		5,902,740
AMMC CLO, Ltd. 1.317%, 3M LIBOR + 1.050%, 07/24/29 (144A) (d)		4,750,000		4,738,515
1.381%, 3M LIBOR + 1.140%, 10/16/28 (144A) (d)		1,295,507		1,293,925
BSPRT Issuer, Ltd. 1.547%, 1M LIBOR + 1.150%, 05/15/29 (144A) (d)		1,723,417		1,716,762
CWABS Asset-Backed Certificates Trust 1.507%, 1M LIBOR + 1.050%, 11/25/35 (d)		1,416,742		1,413,943
Dryden XXVI Senior Loan Fund 1.141%, 3M LIBOR + 0.900%, 04/15/29 (144A) (d)		2,181,588		2,169,102
FS Rialto 1.631%, 1M LIBOR + 1.200%, 12/16/36 (144A) (d)		3,249,957		3,243,967
JPMorgan Mortgage Acquisition Trust 0.807%, 1M LIBOR + 0.350%, 01/25/37 (d)		8,307,000		7,902,167
Madison Park Funding, Ltd. 1.179%, 3M LIBOR + 0.920%, 01/22/28 (144A) (d)		1,752,244		1,743,092
Neuberger Berman CLO XX, Ltd. 1.891%, 3M LIBOR + 1.650%, 07/15/34 (144A) (d)		5,000,000		4,983,160
Octagon Investment Partners 46, Ltd. 1.401%, 3M LIBOR + 1.160%, 07/15/36 (144A) (d)		5,520,000		5,467,422
OHA Credit Funding 4, Ltd. 1.909%, 3M LIBOR + 1.650%, 10/22/36 (144A) (d)		4,000,000		3,972,480
Popular ABS Mortgage Pass-Through Trust 1.042%, 1M LIBOR + 0.585%, 02/25/36 (d)		3,684,952		3,663,665
Rockford Tower CLO, Ltd. 1.444%, 3M LIBOR + 1.190%, 10/20/30 (144A) (d)		5,200,000		5,186,704
Structured Asset Investment Loan Trust 1.257%, 1M LIBOR + 0.800%, 07/25/34 (d)		1,833,602		1,802,379
Vantage Data Centers Issuer LLC 4.196%, 11/16/43 (144A)		4,838,167		4,843,301
Wellman Park CLO, Ltd. 1.341%, 3M LIBOR + 1.100%, 07/15/34 (144A) (d)		4,750,000		4,723,120
				76,148,891
Asset-Backed - Student Loan—3.5%
Navient Student Loan Trust 1.507%, 1M LIBOR + 1.050%, 07/26/66 (144A) (d)		5,600,000		5,587,929
1.957%, 1M LIBOR + 1.500%, 10/25/58 (d)		2,470,000		2,278,140
SLC Student Loan Trust 0.986%, 3M LIBOR + 0.160%, 09/15/39 (d)		9,675,591		9,334,038
0.986%, 3M LIBOR + 0.160%, 03/15/55 (d)		8,310,000		7,877,150
SLM Student Loan Trust 0.588%, 3M LIBOR + 0.330%, 01/25/22 (d)		2,668,040		2,605,589
0.628%, 3M LIBOR + 0.370%, 01/25/40 (d)		3,103,039		2,917,672
0.808%, 3M LIBOR + 0.550%, 10/25/64 (144A) (d)		4,437,172		4,333,777
1.207%, 1M LIBOR + 0.750%, 05/26/26 (d)		5,059,528		4,949,669
1.207%, 1M LIBOR + 0.750%, 01/25/45 (144A) (d)		2,461,531		2,431,302
1.358%, 3M LIBOR + 1.100%, 07/25/23 (d)		5,166,801		5,089,706
1.758%, 3M LIBOR + 1.500%, 04/25/23 (d)		2,199,769		2,203,595
2.026%, 3M LIBOR + 1.200%, 12/15/33 (144A) (d)		3,692,383		3,662,832
2.257%, 1M LIBOR + 1.800%, 09/25/43 (d)		5,800,000		5,757,949

BHFTI-387

Brighthouse Funds Trust I

TCW Core Fixed Income Portfolio

Schedule of Investments as of March 31, 2022 (Unaudited)

Asset-Backed Securities—(Continued)

Security Description	Principal Amount*		Value
Asset-Backed - Student Loan—(Continued)
Wachovia Student Loan Trust 0.428%, 3M LIBOR + 0.170%, 04/25/40 (144A) (d)		4,906,873	$	4,784,268
				63,813,616
Total Asset-Backed Securities (Cost $154,312,985)				155,241,245
Mortgage-Backed Securities—6.4%
Collateralized Mortgage Obligations—4.3%
Angel Oak Mortgage Trust 3.353%, 01/25/67 (144A) (d)		8,141,368		8,029,445
CIM Trust 1.951%, 06/25/57 (144A) (d)		6,795,133		6,571,456
2.000%, 05/01/61 (144A) (d)		7,526,386		7,117,703
2.000%, 08/25/61 (144A) (d)		5,562,964		5,230,855
2.500%, 04/25/51 (144A) (d)		11,490,173		10,614,489
3.000%, 10/25/59 (144A) (d)		5,417,245		5,191,052
3.750%, 07/25/58 (144A) (d)		3,430,372		3,421,073
Credit Suisse Mortgage Trust 1.024%, 09/27/46 (144A) (d)		270,692		270,384
3.850%, 09/25/57 (144A) (d)		4,953,328		4,964,185
GS Mortgage-Backed Securities Trust 3.750%, 10/25/57 (144A)		4,313,363		4,334,984
JPMorgan Mortgage Trust 2.500%, 06/25/52 (144A) (d)		11,560,624		11,095,945
Morgan Stanley Resecuritization Trust 2.931%, 08/26/47 (144A) (d)		870,042		871,383
Nomura Resecuritization Trust 0.707%, 11/26/35 (144A) (d)		407,889		407,502
PHH Alternative Mortgage Trust 1.057%, 1M LIBOR + 0.600%, 07/25/37 (d)		5,092,472		5,114,476
Towd Point Mortgage Trust 2.750%, 10/25/56 (144A) (e)		1,921,641		1,921,614
WaMu Mortgage Pass-Through Certificates Trust 1.037%, 1M LIBOR + 0.580%, 10/25/45 (d)		2,219,651		2,193,904
2.636%, 06/25/34 (d)		3,238,081		3,244,695
				80,595,145
Commercial Mortgage-Backed Securities—2.1%
BAMLL Commercial Mortgage Securities Trust 4.091%, 08/10/38 (144A) (d)		3,265,000		3,367,082
BX Trust 3.202%, 12/09/41 (144A)		895,000		864,003
CALI Mortgage Trust 3.957%, 03/10/39 (144A)		2,200,000		2,225,477
Century Plaza Towers 2.865%, 11/13/39 (144A)		1,730,000		1,632,489
COMM Mortgage Trust 3.620%, 07/10/50		4,947,139		4,943,084
Credit Suisse Mortgage Capital Certificates 1.377%, 1M LIBOR + 0.980%, 05/15/36 (144A) (d)		5,000,000		4,973,001
DC Office Trust 2.965%, 09/15/45 (144A)		1,850,000		1,748,995
Hudson Yards Mortgage Trust 2.943%, 12/10/41 (144A) (d)		1,850,000		1,766,334
3.228%, 07/10/39 (144A)		1,875,000		1,821,065
Security Description	Shares/ Principal Amount*		Value
Commercial Mortgage-Backed Securities—(Continued)
JPMorgan Chase Commercial Mortgage Securities Trust 3.397%, 06/05/39 (144A)		2,000,000		1,971,311
MKT Mortgage Trust 2.694%, 02/12/40 (144A)		2,750,000		2,554,369
Natixis Commercial Mortgage Securities Trust 1.347%, 1M LIBOR + 0.950%, 08/15/38 (144A) (d)		5,380,000		5,242,439
One Bryant Park Trust 2.516%, 09/15/54 (144A)		2,390,000		2,210,463
RBS Commercial Funding, Inc. Trust 3.834%, 01/15/32 (144A) (d)		1,205,000		1,208,776
SFAVE Commercial Mortgage Securities Trust 3.872%, 01/05/43 (144A) (d)		1,519,000		1,453,898
4.144%, 01/05/43 (144A) (d)		110,000		104,818
				38,087,604
Total Mortgage-Backed Securities (Cost $122,128,863)				118,682,749
Municipals—0.6%
Miami-Dade County, FL Aviation Revenue 3.555%, 10/01/34		600,000		600,219
New York City Transitional Finance Authority, Future Tax Secured Revenue 4.200%, 11/01/30		1,250,000		1,307,745
5.267%, 05/01/27		2,150,000		2,344,777
New York City, General Obligation Unlimited, Build America Bond 5.968%, 03/01/36		1,750,000		2,156,863
Regents of the University of California Medical Center Pooled Revenue 3.256%, 05/15/60		3,485,000		3,096,513
University of Michigan 3.504%, 04/01/52		1,900,000		1,931,998
Total Municipals (Cost $11,932,004)				11,438,115
Foreign Government—0.1%
Sovereign—0.1%
Airport Authority 3.250%, 01/12/52 (144A) (Cost $1,962,540)		1,985,000		1,771,700
Short-Term Investments—8.2%
Mutual Funds—0.9%
State Street Institutional Liquid Reserves Fund, Trust Class, 0.050% (e)		17,086,369		17,086,369
U.S. Treasury—7.3%
U.S. Treasury Bills 0.401%, 07/28/22 (f)		51,195,000		51,068,307
0.560%, 08/04/22 (f)		27,030,000		26,955,136
0.600%, 08/25/22 (f)		21,518,000		21,439,765
0.615%, 08/25/22 (f)		11,065,000		11,024,770
0.623%, 08/11/22 (f)		8,735,000		8,708,416

BHFTI-388

Brighthouse Funds Trust I

TCW Core Fixed Income Portfolio

Schedule of Investments as of March 31, 2022 (Unaudited)

Short-Term Investments—(Continued)

Security Description	Principal Amount*		Value
U.S. Treasury—(Continued)
US Treasury Bills 0.640%, 09/01/22 (f)		17,312,000	$	17,244,935
				136,441,329
Total Short-Term Investments (Cost $153,674,563)				153,527,698
Securities Lending Reinvestments (g)—18.9%
Certificates of Deposit—8.1%
Bank of Montreal 0.300%, 06/02/22		15,000,000		14,988,990
Bank of Nova Scotia 0.520%, SOFR + 0.250%, 02/17/23 (d)		3,000,000		2,993,332
Barclays Bank plc 0.180%, 04/07/22		15,000,000		14,999,445
BNP Paribas S.A. 0.490%, SOFR + 0.220%, 11/17/22 (d)		5,000,000		4,992,960
Canadian Imperial Bank of Commerce (NY) 0.770%, SOFR + 0.500%, 03/03/23 (d)		7,000,000		7,004,446
Cooperatieve Rabobank UA 0.840%, SOFR + 0.570%, 09/19/22 (d)		10,000,000		10,000,000
Credit Industriel et Commercial
Zero Coupon, 04/14/22		10,000,000		9,998,300
Credit Suisse Group AG 0.830%, 06/03/22		10,000,000		10,001,840
Goldman Sachs Bank USA 0.470%, SOFR + 0.190%, 09/02/22 (d)		5,000,000		4,993,630
Mitsubishi UFJ Trust and Banking Corp. 0.430%, SOFR + 0.160%, 07/22/22 (d)		3,000,000		2,998,077
MUFG Bank Ltd. 0.470%, SOFR + 0.190%, 08/22/22 (d)		10,000,000		9,991,154
National Australia Bank, Ltd.
Zero Coupon, 04/25/22		5,000,000		4,998,200
National Westminster Bank plc 0.440%, 05/11/22		10,000,000		9,998,200
Natixis S.A. (New York) 0.330%, 06/09/22		5,000,000		4,995,770
Nordea Bank Abp. 0.720%, SOFR + 0.450%, 08/30/22 (d)		3,000,000		2,999,994
Oversea-Chinese Banking Corp., Ltd.
Zero Coupon, 04/14/22		4,500,000		4,499,235
Standard Chartered Bank (NY) 0.460%, SOFR + 0.190%, 08/25/22 (d)		5,000,000		4,995,917
Sumitomo Mitsui Banking Corp. 0.200%, 04/26/22		7,000,000		6,998,418
0.450%, SOFR + 0.180%, 08/09/22 (d)		3,000,000		2,997,069
0.720%, SOFR + 0.450%, 09/06/22 (d)		3,000,000		2,999,790
Sumitomo Mitsui Trust Bank, Ltd.
Zero Coupon, 04/19/22		4,000,000		3,999,000
Westpac Banking Corp. 0.500%, SOFR + 0.230%, 02/17/23 (d)		7,000,000		6,978,111
				149,421,878
Commercial Paper—1.7%
Antalis S.A. 0.800%, 06/01/22		5,000,000		4,991,965
DNB Bank ASA 0.830%, SOFR + 0.550%, 09/07/22 (d)		4,000,000		4,001,596
Macquarie Bank Ltd. 0.510%, SOFR + 0.230%, 08/04/22 (d)		5,000,000		4,996,155
Skandinaviska Enskilda Banken AB 0.200%, 04/28/22		7,000,000		6,997,340
UBS AG 0.350%, 06/08/22		10,000,000		9,984,960
				30,972,016
Repurchase Agreements—8.1%
BofA Securities, Inc.
Repurchase Agreement dated 03/31/22 at 0.600%, due on 04/18/22 with a maturity value of $1,200,360; collateralized by U.S. Treasury Obligations with rates ranging from 0.000% - 2.250%, maturity dates ranging from 07/21/22 - 08/15/49, and various Common Stock with an aggregate market value of $1,270,103.		1,200,000		1,200,000
Repurchase Agreement dated 03/31/22 at 0.600%, due on 05/05/22 with a maturity value of $1,801,050; collateralized by U.S. Treasury Obligations with rates ranging from 0.000% - 7.500%, maturity dates ranging from 04/21/22 - 08/15/51, and various Common Stock with an aggregate market value of $1,893,403.		1,800,000		1,800,000
Citigroup Global Markets, Ltd. Repurchase Agreement dated 03/31/22 at 0.300%, due on 04/01/22 with a maturity value of $1,000,008; collateralized by U.S. Treasury and Foreign Obligations with rates ranging from 0.125% - 2.875%, maturity dates ranging from 08/15/23 - 02/15/51, and an aggregate market value of $1,020,000.		1,000,000		1,000,000
ING Financial Markets LLC Repurchase Agreement dated 03/31/22 at 0.260%, due on 04/01/22 with a maturity value of $25,755,411; collateralized by U.S. Government Agency Obligations with rates ranging from 0.350% - 6.625%, maturity dates ranging from 04/05/22 - 11/15/30, and an aggregate market value of $26,270,501.		25,755,225		25,755,225
National Bank Financial, Inc. Repurchase Agreement dated 03/31/22 at 0.320%, due on 04/01/22 with a maturity value of $5,900,052; collateralized by U.S. Treasury Obligations with rates ranging from 0.125% - 3.000%, maturity dates ranging from 06/30/22 - 02/15/49, and an aggregate market value of $6,021,356.		5,900,000		5,900,000
National Bank of Canada
Repurchase Agreement dated 03/31/22 at 0.320%, due on 04/07/22 with a maturity value of $30,001,867; collateralized by U.S. Treasury Obligations with rates ranging from 0.000% - 4.500%, maturity dates ranging from 04/14/22 - 08/15/51, and an aggregate market value of $30,617,067.		30,000,000		30,000,000

BHFTI-389

Brighthouse Funds Trust I

TCW Core Fixed Income Portfolio

Schedule of Investments as of March 31, 2022 (Unaudited)

Securities Lending Reinvestments (g)—(Continued)

Security Description	Principal Amount*		Value
Repurchase Agreements—(Continued)
National Bank of Canada
Repurchase Agreement dated 03/31/22 at 0.450%, due on 04/07/22 with a maturity value of $30,002,625; collateralized by U.S. Treasury Obligations with rates ranging from 0.500% - 3.000%, maturity dates ranging from 11/30/23 - 08/15/48, and various Common Stock with an aggregate market value of $33,173,961.		30,000,000	$	30,000,000
NBC Global Finance, Ltd. Repurchase Agreement dated 03/31/22 at 0.440%, due on 04/01/22 with a maturity value of $7,000,086; collateralized by U.S. Treasury Obligations with rates ranging from 0.125% - 4.750%, maturity dates ranging from 05/15/24 - 02/15/50, and various Common Stock with an aggregate market value of $7,772,636.		7,000,000		7,000,000
Royal Bank of Canada Toronto Repurchase Agreement dated 03/31/22 at 0.570%, due on 05/05/22 with a maturity value of $5,002,771; collateralized by various Common Stock with an aggregate market value of $5,555,644.		5,000,000		5,000,000
Societe Generale
Repurchase Agreement dated 03/31/22 at 0.360%, due on 04/01/22 with a maturity value of $5,000,050; collateralized by various Common Stock with an aggregate market value of $5,556,015.		5,000,000		5,000,000
Repurchase Agreement dated 03/31/22 at 0.380%, due on 04/01/22 with a maturity value of $5,000,053; collateralized by various Common Stock with an aggregate market value of $5,556,015.		5,000,000		5,000,000
Repurchase Agreement dated 03/31/22 at 0.410%, due on 04/01/22 with a maturity value of $20,000,228; collateralized by various Common Stock with an aggregate market value of $22,225,794.		20,000,000		20,000,000
Repurchase Agreement dated 03/31/22 at 0.420%, due on 04/07/22 with a maturity value of $7,200,588; collateralized by various Common Stock with an aggregate market value of $8,001,286.		7,200,000		7,200,000
TD Prime Services LLC Repurchase Agreement dated 03/31/22 at 0.400%, due on 04/01/22 with a maturity value of $5,000,056; collateralized by various Common Stock with an aggregate market value of $5,790,942.		5,000,000		5,000,000
				149,855,225
Time Deposits—0.7%
Australia New Zealand Banking Group, Ltd 0.310%, 04/01/22		5,000,000		5,000,000
First Abu Dhabi Bank USA NV 0.310%, 04/01/22		4,000,000		4,000,000
National Bank of Canada 0.370%, OBFR + 0.050%, 04/07/22 (d)		5,000,000		5,000,000
				14,000,000
Mutual Funds—0.3%
STIT-Government & Agency Portfolio, Institutional Class 0.250% (e)		5,000,000		5,000,000
Total Securities Lending Reinvestments (Cost $349,338,912)				349,249,119
Total Investments—141.4% (Cost $2,666,381,634)				2,619,278,380
Other assets and liabilities (net)—(41.4)%				(767,290,326	)
Net Assets—100.0%			$	1,851,988,054

*	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 March 31, 2022, the market value of securities loaned was $414,043,616 and the collateral received consisted of cash in the amount of $349,299,658 and non-cash collateral with a value of $94,493,119. 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 March 31, 2022. 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 March 31, 2022.
(f)	The rate shown represents current yield to maturity.
(g)	Represents investment of cash collateral received from securities on loan as of March 31, 2022.
(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 March 31, 2022, the market value of 144A securities was $314,956,572, which is 17.0% of net assets.

BHFTI-390

Brighthouse Funds Trust I

TCW Core Fixed Income Portfolio

Schedule of Investments as of March 31, 2022 (Unaudited)

Futures Contracts

Futures Contracts—Short	Expiration Date		Number of Contracts			Notional Value				Value/ Unrealized Appreciation/ (Depreciation)
U.S. Treasury Note 2 Year Futures		06/30/22		(34	)		USD	(7,205,344	)	$	96,097
U.S. Treasury Note Ultra 10 Year Futures		06/21/22		(29	)		USD	(3,928,594	)		(30,704	)
Net Unrealized Appreciation										$	65,393

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	$	(1,683,172	)	$	—	$	(1,683,172	)
Pay	3M LIBOR		Quarterly	1.034%		Semi-Annually		07/24/25		USD	34,890,000		(1,239,725	)		—		(1,239,725	)
Pay	3M LIBOR		Quarterly	1.073%		Semi-Annually		07/24/25		USD	23,585,000		(820,697	)		—		(820,697	)
Pay	3M LIBOR		Quarterly	1.390%		Semi-Annually		09/28/25		USD	54,410,000		(1,491,699	)		—		(1,491,699	)
Pay	3M LIBOR		Quarterly	1.688%		Semi-Annually		12/07/25		USD	55,525,000		(1,124,881	)		—		(1,124,881	)
Receive	3M LIBOR		Semi-Annually	1.743%		Quarterly		12/07/53		USD	4,645,000		499,078			—		499,078
Receive	3M LIBOR		Semi-Annually	1.773%		Quarterly		07/24/53		USD	3,940,000		419,217			—		419,217
Receive	3M LIBOR		Semi-Annually	1.785%		Quarterly		07/24/53		USD	2,915,000		302,273			—		302,273
Receive	3M LIBOR		Semi-Annually	1.808%		Quarterly		07/24/53		USD	1,970,000		194,690			—		194,690
Receive	3M LIBOR		Semi-Annually	1.870%		Quarterly		09/28/53		USD	4,645,000		384,057			—		384,057
Totals												$	(4,560,859	)	$	—	$	(4,560,859	)

(1) There were no upfront premiums paid or (received), therefore the market value equals unrealized appreciation/(depreciation).

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
(OBFR)—	U.S. Overnight Bank Funding Rate
(SOFR)—	Secured Overnight Financing Rate
(TSFR)—	Term Secured Financing Rate

Other Abbreviations

(CMO)—	Collateralized Mortgage Obligation
(CLO)—	Collateralized Loan Obligation
(DAC)—	Designated Activity Company
(REMIC)—	Real Estate Mortgage Investment Conduit

BHFTI-391

Brighthouse Funds Trust I

TCW Core Fixed Income Portfolio

Schedule of Investments as of March 31, 2022 (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 March 31, 2022:

Description	Level 1			Level 2			Level 3		Total
Total U.S. Treasury & Government Agencies*	$	—		$	1,300,273,027		$	—	$	1,300,273,027
Total Corporate Bonds & Notes*		—			529,094,727			—		529,094,727
Total Asset-Backed Securities*		—			155,241,245			—		155,241,245
Total Mortgage-Backed Securities*		—			118,682,749			—		118,682,749
Total Municipals*		—			11,438,115			—		11,438,115
Total Foreign Government*		—			1,771,700			—		1,771,700
Short-Term Investments
Mutual Funds		17,086,369			—			—		17,086,369
U.S. Treasury		—			136,441,329			—		136,441,329
Total Short-Term Investments		17,086,369			136,441,329			—		153,527,698
Securities Lending Reinvestments
Certificates of Deposit		—			149,421,878			—		149,421,878
Commercial Paper		—			30,972,016			—		30,972,016
Repurchase Agreements		—			149,855,225			—		149,855,225
Time Deposits		—			14,000,000			—		14,000,000
Mutual Funds		5,000,000			—			—		5,000,000
Total Securities Lending Reinvestments		5,000,000			344,249,119			—		349,249,119
Total Investments	$	22,086,369		$	2,597,192,011		$	—	$	2,619,278,380
Collateral for Securities Loaned (Liability)	$	—		$	(349,299,658	)	$	—	$	(349,299,658	)
Futures Contracts
Futures Contracts (Unrealized Appreciation)	$	96,097		$	—		$	—	$	96,097
Futures Contracts (Unrealized Depreciation)		(30,704	)		—			—		(30,704	)
Total Futures Contracts	$	65,393		$	—		$	—	$	65,393
Centrally Cleared Swap Contracts
Centrally Cleared Swap Contracts (Unrealized Appreciation)	$	—		$	1,799,315		$	—	$	1,799,315
Centrally Cleared Swap Contracts (Unrealized Depreciation)		—			(6,360,174	)		—		(6,360,174	)
Total Centrally Cleared Swap Contracts	$	—		$	(4,560,859	)	$	—	$	(4,560,859	)

* See Schedule of Investments for additional detailed categorizations.

BHFTI-392

Brighthouse Funds Trust I

Victory Sycamore Mid Cap Value Portfolio

Schedule of Investments as of March 31, 2022 (Unaudited)

Common Stocks—97.5% of Net Assets

Security Description	Shares		Value
Aerospace & Defense—1.8%
Textron, Inc.		266,700	$	19,837,146
Airlines—1.5%
Alaska Air Group, Inc. (a)		276,700		16,051,367
Auto Components—2.7%
Aptiv plc (a)		89,400		10,702,074
BorgWarner, Inc. (b)		460,000		17,894,000
				28,596,074
Banks—4.3%
Huntington Bancshares, Inc. (b)		886,000		12,953,320
Prosperity Bancshares, Inc. (b)		178,700		12,398,206
Zions Bancorp N.A.		320,100		20,985,756
				46,337,282
Building Products—1.0%
Owens Corning		115,500		10,568,250
Capital Markets—1.5%
Bank of New York Mellon Corp. (The)		320,100		15,886,563
Chemicals—5.0%
Corteva, Inc.		229,000		13,162,920
International Flavors & Fragrances, Inc.		74,800		9,823,484
RPM International, Inc. (b)		112,500		9,162,000
Westlake Corp. (b)		173,500		21,409,900
				53,558,304
Commercial Services & Supplies—1.0%
Republic Services, Inc.		84,200		11,156,500
Communications Equipment—0.8%
Motorola Solutions, Inc.		37,800		9,155,160
Containers & Packaging—4.3%
AptarGroup, Inc. (b)		82,500		9,693,750
Avery Dennison Corp.		86,400		15,031,008
Packaging Corp. of America		139,600		21,792,956
				46,517,714
Electric Utilities—3.2%
Alliant Energy Corp.		276,900		17,300,712
Xcel Energy, Inc.		238,500		17,212,545
				34,513,257
Electrical Equipment—1.5%
Hubbell, Inc. (b)		87,600		16,098,252
Electronic Equipment, Instruments & Components—2.8%
Amphenol Corp. - Class A		167,800		12,643,730
Flex, Ltd. (a)		929,000		17,232,950
				29,876,680
Entertainment—1.0%
Live Nation Entertainment, Inc. (a) (b)		87,800		10,328,792
Equity Real Estate Investment Trusts—8.8%
Alexandria Real Estate Equities, Inc. (b)		80,300		16,160,375
American Homes 4 Rent - Class A (b)		338,700		13,558,161
Camden Property Trust		81,200		13,495,440
Duke Realty Corp.		92,800		5,387,968
Equity LifeStyle Properties, Inc.		176,700		13,514,016
Lamar Advertising Co. - Class A		136,400		15,846,952
National Retail Properties, Inc. (b)		348,300		15,652,602
				93,615,514
Food & Staples Retailing—1.9%
Sysco Corp.		253,500		20,698,275
Food Products—4.5%
Archer-Daniels-Midland Co.		158,700		14,324,262
Hershey Co. (The)		76,100		16,485,543
Tyson Foods, Inc. - Class A		195,900		17,558,517
				48,368,322
Health Care Equipment & Supplies—1.5%
Cooper Cos., Inc. (The) (b)		38,300		15,993,697
Health Care Providers & Services—2.4%
Molina Healthcare, Inc. (a)		28,300		9,440,597
Quest Diagnostics, Inc. (b)		116,300		15,916,818
				25,357,415
Hotels, Restaurants & Leisure—3.2%
Hilton Worldwide Holdings, Inc. (a)		94,500		14,339,430
Yum! Brands, Inc.		164,600		19,510,038
				33,849,468
Household Durables—1.2%
Newell Brands, Inc. (b)		595,000		12,738,950
Insurance—9.5%
Alleghany Corp. (a)		31,500		26,680,500
American Financial Group, Inc.		140,600		20,474,172
Everest Re Group, Ltd.		45,000		13,562,100
Old Republic International Corp.		210,000		5,432,700
Progressive Corp. (The)		132,000		15,046,680
W.R. Berkley Corp.		299,100		19,917,069
				101,113,221
IT Services—5.5%
DXC Technology Co. (a)		359,000		11,714,170
Genpact, Ltd. (b)		361,100		15,711,461
Global Payments, Inc.		108,500		14,847,140
MAXIMUS, Inc.		216,400		16,219,180
				58,491,951

BHFTI-393

Brighthouse Funds Trust I

Victory Sycamore Mid Cap Value Portfolio

Schedule of Investments as of March 31, 2022 (Unaudited)

Common Stocks—(Continued)

Security Description	Shares		Value
Machinery—8.3%
AGCO Corp. (b)		120,600	$	17,611,218
Lincoln Electric Holdings, Inc. (b)		78,100		10,762,961
Middleby Corp. (The) (a) (b)		87,000		14,262,780
Oshkosh Corp. (b)		99,600		10,024,740
Parker-Hannifin Corp.		52,700		14,954,152
Toro Co. (The)		162,900		13,926,321
Xylem, Inc.		79,600		6,786,696
				88,328,868
Metals & Mining—3.0%
Reliance Steel & Aluminum Co.		84,600		15,511,410
Steel Dynamics, Inc. (b)		199,600		16,652,628
				32,164,038
Oil, Gas & Consumable Fuels—5.7%
Coterra Energy, Inc.		770,000		20,766,900
Devon Energy Corp.		275,300		16,278,489
Valero Energy Corp.		233,000		23,658,820
				60,704,209
Professional Services—2.5%
Leidos Holdings, Inc.		154,600		16,699,892
ManpowerGroup, Inc.		108,800		10,218,496
				26,918,388
Road & Rail—2.0%
J.B. Hunt Transport Services, Inc. (b)		52,500		10,541,475
Landstar System, Inc.		71,000		10,708,930
				21,250,405
Semiconductors & Semiconductor Equipment—0.9%
MKS Instruments, Inc. (b)		63,600		9,540,000
Specialty Retail—1.1%
Ross Stores, Inc.		127,500		11,533,650
Technology Hardware, Storage & Peripherals—1.1%
Hewlett Packard Enterprise Co.		717,000		11,981,070
Textiles, Apparel & Luxury Goods—1.0%
VF Corp.		187,300		10,649,878
Trading Companies & Distributors—1.0%
United Rentals, Inc. (a)		30,500		10,833,905
Total Common Stocks (Cost $810,182,874)				1,042,612,565
Mutual Funds—0.7%
Investment Company Securities—0.7%
iShares Russell Mid-Cap Value ETF (b) (Cost $7,522,248)		65,000		7,776,600
Short-Term Investment—1.8%
Security Description	Shares/ Principal Amount*		Value
Repurchase Agreement—1.8%
Fixed Income Clearing Corp. Repurchase Agreement dated 03/31/22 at 0.000%, due on 04/01/22 with a maturity value of $18,557,990; collateralized by U.S. Treasury Note at 0.125%, maturing 04/15/25, with a market value of $18,929,192.		18,557,990	$	18,557,990
Total Short-Term Investments (Cost $18,557,990)				18,557,990
Securities Lending Reinvestments (c)—11.8%
Certificates of Deposit—2.2%
Barclays Bank plc 0.180%, 04/07/22		4,000,000		3,999,852
Cooperatieve Rabobank UA 0.840%, SOFR + 0.570%, 09/19/22 (d)		2,000,000		2,000,000
Credit Industriel et Commercial Zero Coupon, 04/14/22		4,000,000		3,999,320
Goldman Sachs Bank USA 0.470%, SOFR + 0.190%, 09/02/22 (d)		1,000,000		998,726
Nordea Bank Abp. 0.720%, SOFR + 0.450%, 08/30/22 (d)		2,000,000		1,999,996
Oversea-Chinese Banking Corp., Ltd. Zero Coupon, 04/14/22		1,200,000		1,199,796
0.720%, SOFR + 0.440%, 09/26/22 (d)		2,000,000		2,000,399
Royal Bank of Canada 0.520%, SOFR + 0.250%, 01/11/23 (d)		2,000,000		1,995,324
Standard Chartered Bank (NY) 0.460%, SOFR + 0.190%, 08/25/22 (d)		2,000,000		1,998,367
Toronto-Dominion Bank (The) 0.820%, FEDEFF PRV + 0.490%, 12/23/22 (d)		1,000,000		999,704
Westpac Banking Corp. 0.500%, SOFR + 0.230%, 02/17/23 (d)		2,000,000		1,993,746
				23,185,230
Commercial Paper—0.2%
Societe Generale 0.460%, SOFR + 0.190%, 08/18/22 (d)		2,000,000		1,997,982
Repurchase Agreements—7.8%
Barclays Bank plc Repurchase Agreement dated 03/31/22 at 0.600%, due on 05/05/22 with a maturity value of $1,500,875; collateralized by various Common Stock with an aggregate market value of $1,667,185.		1,500,000		1,500,000
Barclays Capital, Inc. Repurchase Agreement dated 03/31/22 at 0.240%, due on 04/01/22 with a maturity value of $19,852,771; collateralized by U.S. Treasury Obligations at 0.000%, maturity dates ranging from 02/15/37 - 11/15/48, and an aggregate market value of $20,249,692.		19,852,639		19,852,639
Cantor Fitzgerald & Co. Repurchase Agreement dated 03/31/22 at 0.290%, due on 04/01/22 with a maturity value of $1,000,008; collateralized by U.S. Treasury and U.S. Government Agency Obligations with rates ranging from 0.125% - 8.000%, maturity dates ranging from 09/15/22 - 07/20/71, and an aggregate market value of $1,020,000.		1,000,000		1,000,000

BHFTI-394

Brighthouse Funds Trust I

Victory Sycamore Mid Cap Value Portfolio

Schedule of Investments as of March 31, 2022 (Unaudited)

Securities Lending Reinvestments (c)—(Continued)

Security Description	Principal Amount*		Value
Repurchase Agreements—(Continued)
Citigroup Global Markets, Inc. Repurchase Agreement dated 03/31/22 at 0.620%, due on 05/05/22 with a maturity value of $2,001,206; collateralized by U.S. Treasury Obligations with rates ranging from 0.000% - 3.875%, maturity dates ranging from 04/21/22 - 05/15/51, and various Common Stock with an aggregate market value of $2,140,122.		2,000,000	$	2,000,000
Citigroup Global Markets, Ltd. Repurchase Agreement dated 03/31/22 at 0.300%, due on 04/01/22 with a maturity value of $3,600,030; collateralized by U.S. Treasury and Foreign Obligations with rates ranging from 0.125% - 2.875%, maturity dates ranging from 08/15/23 - 02/15/51, and an aggregate market value of $3,672,001.		3,600,000		3,600,000
National Bank Financial Inc. Repurchase Agreement dated 03/31/22 at 0.320%, due on 04/01/22 with a maturity value of $3,000,027; collateralized by U.S. Treasury Obligations with rates ranging from 0.125% - 3.000%, maturity dates ranging from 06/30/22 - 02/15/49, and an aggregate market value of $3,061,707.		3,000,000		3,000,000
National Bank of Canada Repurchase Agreement dated 03/31/22 at 0.320%, due on 04/07/22 with a maturity value of $5,400,336; collateralized by U.S. Treasury Obligations with rates ranging from 0.000% - 4.500%, maturity dates ranging from 04/14/22 - 08/15/51, and an aggregate market value of $5,511,072.		5,400,000		5,400,000
NBC Global Finance, Ltd. Repurchase Agreement dated 03/31/22 at 0.440%, due on 04/01/22 with a maturity value of $12,400,152; collateralized by U.S. Treasury Obligations with rates ranging from 0.125% - 4.750%, maturity dates ranging from 05/15/24 - 02/15/50, and various Common Stock with an aggregate market value of $13,768,669.		12,400,000		12,400,000
Repurchase Agreement dated 03/31/22 at 0.485%, due on 04/07/22 with a maturity value of $600,057; collateralized by U.S. Treasury Obligations with rates ranging from 0.125% - 4.750%, maturity dates ranging from 05/15/24 - 02/15/50, and various Common Stock with an aggregate market value of $666,226.		600,000		600,000
Societe Generale Repurchase Agreement dated 03/31/22 at 0.360%, due on 04/01/22 with a maturity value of $11,000,110; collateralized by various Common Stock with an aggregate market value of $12,223,233.		11,000,000		11,000,000
Repurchase Agreement dated 03/31/22 at 0.410%, due on 04/01/22 with a maturity value of $1,000,011; collateralized by various Common Stock with an aggregate market value of $1,111,290.		1,000,000		1,000,000
Repurchase Agreement dated 03/31/22 at 0.420%, due on 04/07/22 with a maturity value of $1,000,082; collateralized by various Common Stock with an aggregate market value of $1,111,290.		1,000,000		1,000,000
Repurchase Agreements—(Continued)
TD Prime Services LLC Repurchase Agreement dated 03/31/22 at 0.400%, due on 04/01/22 with a maturity value of $21,288,265; collateralized by various Common Stock with an aggregate market value of $24,182,702.		21,288,028	$	21,288,028
				83,640,667
Time Deposits—1.1%
Canadian Imperial Bank of Commerce 0.320%, 04/01/22		2,000,000		2,000,000
DZ Bank AG (NY) 0.300%, 04/01/22		2,000,000		2,000,000
National Bank of Canada 0.370%, OBFR + 0.050%, 04/07/22 (d)		2,000,000		2,000,000
Rabobank (New York) 0.310%, 04/01/22		2,000,000		2,000,000
Skandi (NY) 0.300%, 04/01/22		2,000,000		2,000,000
Svenska (NY) 0.260%, 04/01/22		2,000,000		2,000,000
				12,000,000
Mutual Funds—0.5%
AB Government Money Market Portfolio, Institutional Class 0.190% (e)		5,000,000		5,000,000
Total Securities Lending Reinvestments (Cost $125,840,369)				125,823,879
Total Investments—111.8% (Cost $962,103,481)				1,194,771,034
Other assets and liabilities (net)—(11.8)%				(125,685,202	)
Net Assets—100.0%			$	1,069,085,832

*	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 March 31, 2022, the market value of securities loaned was $121,350,569 and the collateral received consisted of cash in the amount of $125,836,495. 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 March 31, 2022.
(d)	Variable or floating rate security. The stated rate represents the rate at March 31, 2022. 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 March 31, 2022.

BHFTI-395

Brighthouse Funds Trust I

Victory Sycamore Mid Cap Value Portfolio

Schedule of Investments as of March 31, 2022 (Unaudited)

Glossary of Abbreviations

Index Abbreviations

(FEDEFF PRV)—	Effective Federal Funds 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 March 31, 2022:

Description	Level 1		Level 2			Level 3		Total
Total Common Stocks*	$	1,042,612,565	$	—		$	—	$	1,042,612,565
Total Mutual Funds*		7,776,600		—			—		7,776,600
Total Short-Term Investment*		—		18,557,990			—		18,557,990
Securities Lending Reinvestments
Certificates of Deposit		—		23,185,230			—		23,185,230
Commercial Paper		—		1,997,982			—		1,997,982
Repurchase Agreements		—		83,640,667			—		83,640,667
Time Deposits		—		12,000,000			—		12,000,000
Mutual Funds		5,000,000		—			—		5,000,000
Total Securities Lending Reinvestments		5,000,000		120,823,879			—		125,823,879
Total Investments	$	1,055,389,165	$	139,381,869		$	—	$	1,194,771,034
Collateral for Securities Loaned (Liability)	$	—	$	(125,836,495	)	$	—	$	(125,836,495	)

* See Schedule of Investments for additional detailed categorizations.

BHFTI-396

Brighthouse Funds Trust I

Western Asset Management Government Income Portfolio

Schedule of Investments as of March 31, 2022 (Unaudited)

U.S. Treasury & Government Agencies—93.3% of Net Assets

Security Description	Principal Amount*		Value
Agency Sponsored Mortgage - Backed—28.6%
Fannie Mae 15 Yr. Pool
3.000%, 06/01/32		62,763	$	63,416
3.000%, 10/01/32		6,464		6,531
3.000%, 02/01/33		2,238,479		2,258,366
3.000%, 03/01/33		308,489		311,909
3.000%, 04/01/33		244,923		247,637
3.000%, 05/01/33		109,577		110,640
3.000%, 06/01/33		40,522		40,939
3.000%, 07/01/33		232,627		234,764
3.000%, 08/01/33		1,049,932		1,060,520
3.000%, 10/01/33		224,533		226,841
3.000%, 11/01/33		147,979		149,470
3.000%, 12/01/33		82,358		83,206
3.000%, 01/01/34		67,056		67,724
3.000%, 02/01/34		132,869		134,235
3.000%, 03/01/34		314,404		317,648
3.000%, 05/01/34		156,750		158,330
5.000%, 03/01/23		265		269
Fannie Mae 20 Yr. Pool
3.500%, 07/01/32		1,290,699		1,306,962
3.500%, 01/01/34		844,816		855,187
4.000%, 11/01/31		538,998		558,451
4.000%, 08/01/32		450,255		464,589
Fannie Mae 30 Yr. Pool
2.000%, 01/01/51		180,664		168,172
2.000%, 02/01/51		458,255		426,517
2.000%, 03/01/51		92,781		86,466
2.000%, 04/01/51		3,377,204		3,142,950
2.000%, 08/01/51		1,732,471		1,610,585
2.000%, 10/01/51		98,676		91,800
2.000%, 01/01/52		692,650		643,967
2.000%, 02/01/52		1,095,466		1,019,427
2.000%, 03/01/52		1,900,000		1,770,587
2.500%, 11/01/50		89,539		85,826
2.500%, 02/01/51		77,025		73,850
2.500%, 04/01/51		189,892		182,267
2.500%, 06/01/51		954,611		914,122
2.500%, 09/01/51		95,742		92,224
2.500%, 11/01/51		792,897		761,686
2.500%, 12/01/51		1,864,676		1,784,011
3.000%, 09/01/42		1,016,464		1,015,511
3.000%, 10/01/42		755,705		755,000
3.000%, 11/01/42		1,483,807		1,481,967
3.000%, 08/01/46		154,665		153,507
3.000%, 09/01/46		459,370		456,176
3.000%, 10/01/46		192,110		190,674
3.000%, 11/01/48		387,806		383,723
3.000%, 09/01/49		685,306		677,099
3.000%, 11/01/49		148,633		146,134
3.000%, 02/01/50		312,296		310,124
3.000%, 03/01/50		571,256		561,371
3.000%, 04/01/50		967,940		954,831
3.000%, 11/01/50		250,729		247,043
3.000%, 01/01/52		396,340		392,294
3.500%, 11/01/42		1,489,730		1,518,284
Agency Sponsored Mortgage - Backed—(Continued)
Fannie Mae 30 Yr. Pool
3.500%, 11/01/46		253,253		256,432
3.500%, 07/01/47		1,113,623		1,134,096
3.500%, 10/01/47		72,637		73,689
3.500%, 12/01/47		2,980,556		3,021,210
3.500%, 08/01/50		75,377		75,848
4.000%, 10/01/39		50,817		53,150
4.000%, 11/01/40		1,421,047		1,486,461
4.000%, 01/01/42		140,055		146,157
4.000%, 04/01/42		215,642		225,576
4.000%, 09/01/42		1,033,287		1,080,872
4.000%, 10/01/42		129,691		135,328
4.000%, 11/01/42		117,142		119,800
4.000%, 04/01/43		121,001		123,717
4.000%, 06/01/43		120,100		122,834
4.000%, 08/01/43		204,836		212,552
4.000%, 09/01/43		833,004		869,050
4.000%, 10/01/43		154,094		161,220
4.000%, 02/01/44		63,422		66,044
4.000%, 04/01/44		72,701		75,560
4.000%, 02/01/45		98,109		102,376
4.000%, 06/01/45		37,051		38,765
4.000%, 12/01/45		473,277		493,710
4.000%, 03/01/46		46,095		47,291
4.000%, 05/01/46		22,073		22,543
4.000%, 09/01/47		8,835		9,029
4.000%, 03/01/48		216,626		222,727
4.000%, 05/01/48		470,042		483,864
4.500%, 12/01/40		823,007		875,613
4.500%, 08/01/41		76,228		81,109
4.500%, 11/01/41		500,346		531,227
4.500%, 12/01/43		103,425		108,935
4.500%, 10/01/44		629,212		665,994
4.500%, 02/01/45		250,724		264,133
4.500%, 03/01/46		109,266		116,162
4.500%, 05/01/48		34,262		35,718
4.500%, 12/01/48		1,160,942		1,215,682
4.500%, 04/01/49		28,165		29,259
4.500%, 09/01/49		126,526		132,405
4.500%, 10/01/49		63,861		66,152
5.000%, 04/01/41		7,632		8,033
5.000%, 06/01/41		23,290		24,779
5.000%, 08/01/41		30,421		32,252
5.000%, 08/01/48		62,420		66,043
5.500%, 12/01/39		272,791		299,057
5.500%, 04/01/40		290,078		317,171
5.500%, 06/01/40		27,743		30,155
5.500%, 05/01/41		105,014		115,194
5.500%, 06/01/41		191,386		208,982
5.500%, 07/01/41		183,603		199,460
5.500%, 12/01/41		392,734		429,601
5.500%, 02/01/42		827,965		904,806
5.500%, 05/01/44		218,347		239,673
6.000%, 01/01/34		42,025		46,542
6.000%, 08/01/34		68,209		75,596

BHFTI-397

Brighthouse Funds Trust I

Western Asset Management Government Income Portfolio

Schedule of Investments as of March 31, 2022 (Unaudited)

U.S. Treasury & Government Agencies—(Continued)

Security Description	Principal Amount*		Value
Agency Sponsored Mortgage - Backed—(Continued)
Fannie Mae 30 Yr. Pool
6.000%, 10/01/34		73,144	$	81,031
6.000%, 11/01/34		50,359		54,996
6.000%, 01/01/35		66,824		73,820
6.000%, 04/01/35		103,793		112,520
6.000%, 06/01/36		168,815		187,701
6.000%, 05/01/37		219,772		243,307
6.000%, 09/01/37		16,282		18,142
6.000%, 10/01/37		186,967		208,844
6.000%, 01/01/38		185,564		207,281
6.000%, 03/01/38		64,146		72,138
6.000%, 07/01/38		31,684		35,393
6.000%, 01/01/40		183,230		204,680
6.000%, 05/01/40		265,447		296,294
6.000%, 07/01/41		236,774		264,290
6.000%, 01/01/42		21,494		23,281
6.500%, 07/01/32		45,768		49,850
6.500%, 12/01/32		13,956		15,147
6.500%, 07/01/35		15,915		17,114
6.500%, 12/01/35		143,680		157,326
6.500%, 08/01/36		236,076		259,969
Fannie Mae ARM Pool
1.968%, 12M LIBOR + 1.700%, 06/01/42 (b)		20,278		20,995
2.050%, 12M LIBOR + 1.800%, 07/01/41 (b)		13,480		14,030
2.068%, 12M LIBOR + 1.818%, 07/01/41 (b)		18,426		19,200
2.068%, 12M LIBOR + 1.818%, 09/01/41 (b)		7,320		7,638
2.080%, 12M LIBOR + 1.830%, 10/01/41 (b)		6,528		6,648
2.304%, 12M LIBOR + 1.818%, 02/01/42 (b)		31,376		32,437
Fannie Mae Grantor Trust
2.898%, 06/25/27		6,099,483		6,118,224
Fannie Mae Pool
2.500%, 03/01/51		3,320,753		3,173,874
2.500%, 04/01/52		400,000		382,701
3.000%, 08/01/27		45,476		46,058
3.000%, 10/01/27		71,336		72,249
3.000%, 11/01/27		21,167		21,436
3.000%, 12/01/27		39,071		39,572
3.000%, 01/01/28		36,744		37,214
3.000%, 02/01/28		31,599		32,001
3.000%, 03/01/28		37,800		38,281
3.000%, 04/01/28		32,288		32,698
3.000%, 05/01/28		38,736		39,233
3.000%, 06/01/28		36,828		37,300
3.000%, 07/01/28		37,779		38,264
3.000%, 08/01/28		39,753		40,258
3.000%, 09/01/28		43,274		43,830
3.000%, 01/01/29		37,820		38,306
3.000%, 03/01/29		48,985		49,615
3.500%, 09/01/32		1,223,575		1,238,801
3.500%, 10/01/56		1,371,900		1,396,017
4.500%, 08/01/58		137,393		146,517
6.500%, 08/01/39		791,037		856,737
6.637%, 02/01/39		69,692		74,246
Fannie Mae REMICS (CMO)
1.377%, 1M LIBOR + 0.920%, 03/25/36 (b)		190,678		195,367
1.387%, 1M LIBOR + 0.930%, 06/25/36 (b)		277,403		283,557
Agency Sponsored Mortgage - Backed—(Continued)
Fannie Mae REMICS (CMO)
1.750%, 06/25/42		125,906		120,265
1.750%, 01/25/43		115,986		110,104
3.000%, 05/25/46		2,180,094		2,164,857
4.250%, 03/25/42		879,276		906,260
4.500%, 12/25/40		55,950		58,384
4.750%, 01/25/41		222,669		231,918
5.000%, 12/25/23		24,850		25,229
5.000%, 12/25/34		136,950		144,852
5.000%, 03/25/35		111,673		118,145
5.000%, 08/25/39		183,161		194,241
5.000%, 02/25/41		98,096		102,410
5.500%, 06/25/35		33,812		34,925
5.500%, 08/25/35		591,734		629,232
6.000%, 06/25/45 (c)		308,166		53,709
6.093%, 1M LIBOR + 6.550%, 06/25/41 (b) (c)		51,145		2,056
Freddie Mac 15 Yr. Gold Pool
3.000%, 06/01/31		346,075		349,880
3.000%, 02/01/32		7,477		7,560
3.000%, 03/01/33		1,028,575		1,040,012
3.000%, 09/01/33		95,887		96,920
3.000%, 03/01/34		83,105		84,004
6.000%, 01/01/24		22,294		22,691
Freddie Mac 15 Yr. Pool
3.500%, 04/01/33		191,045		197,035
Freddie Mac 20 Yr. Gold Pool
3.000%, 11/01/33		1,020,422		1,018,926
3.500%, 03/01/32		480,065		486,470
3.500%, 06/01/32		1,287,949		1,304,169
3.500%, 07/01/32		438,071		443,906
4.000%, 06/01/33		552,131		571,545
Freddie Mac 20 Yr. Pool
3.500%, 02/01/34		1,942,394		1,973,948
Freddie Mac 30 Yr. Gold Pool
2.000%, 09/01/51		192,591		179,162
3.000%, 11/01/42		104,965		104,381
3.000%, 01/01/43		116,092		116,003
3.000%, 02/01/43		598,750		598,564
3.000%, 03/01/43		5,843,950		5,841,878
3.000%, 06/01/43		1,387,639		1,385,859
3.500%, 04/01/40		75,019		76,242
3.500%, 05/01/40		137,994		140,843
3.500%, 06/01/40		181,718		185,469
3.500%, 07/01/40		26,679		27,230
3.500%, 08/01/40		88,687		90,137
3.500%, 09/01/40		57,262		58,441
3.500%, 10/01/40		36,320		36,850
3.500%, 11/01/40		81,023		82,690
3.500%, 12/01/40		59,226		60,295
3.500%, 04/01/42		335,265		342,246
3.500%, 07/01/42		52,609		53,699
3.500%, 08/01/42		36,067		36,608
3.500%, 09/01/42		120,827		121,774
3.500%, 10/01/42		807,550		824,191
3.500%, 01/01/43		269,911		275,030
3.500%, 02/01/43		144,256		147,244

BHFTI-398

Brighthouse Funds Trust I

Western Asset Management Government Income Portfolio

Schedule of Investments as of March 31, 2022 (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%, 04/01/43		410,233	$	418,203
3.500%, 05/01/43		205,519		209,239
3.500%, 11/01/44		231,666		236,217
3.500%, 02/01/45		4,793		4,892
3.500%, 06/01/45		10,616		10,830
3.500%, 11/01/45		1,991,459		2,027,364
3.500%, 01/01/46		180,774		183,862
3.500%, 02/01/46		481,964		486,097
3.500%, 05/01/46		654,994		667,751
3.500%, 06/01/46		86,858		87,161
3.500%, 07/01/46		10,434		10,637
3.500%, 08/01/46		69,574		69,816
3.500%, 09/01/46		426,873		435,071
3.500%, 01/01/47		1,183,260		1,193,810
3.500%, 02/01/47		1,656,209		1,667,984
3.500%, 07/01/47		286,718		291,530
3.500%, 11/01/47		17,787		18,132
3.500%, 12/01/47		268,246		271,539
3.500%, 02/01/48		81,392		82,365
3.500%, 04/01/48		260,273		263,136
4.000%, 11/01/41		3,641		3,811
4.000%, 09/01/42		1,493,237		1,561,158
4.000%, 10/01/42		23,097		23,766
4.000%, 11/01/42		210,733		220,282
4.000%, 12/01/42		71,748		74,839
4.000%, 01/01/43		10,851		11,092
4.000%, 02/01/43		99,004		103,321
4.000%, 03/01/43		46,742		48,667
4.000%, 04/01/43		20,709		21,540
4.000%, 05/01/43		175,312		182,086
4.000%, 06/01/43		27,318		28,235
4.000%, 07/01/43		176,285		184,012
4.000%, 08/01/43		137,306		142,625
4.000%, 09/01/43		251,336		262,389
4.000%, 10/01/43		228,690		238,080
4.000%, 01/01/44		192,965		201,545
4.000%, 02/01/44		24,444		25,091
4.000%, 04/01/44		12,434		12,736
4.000%, 07/01/44		346,811		362,818
4.000%, 12/01/44		7,385		7,549
4.000%, 01/01/45		217,576		227,184
4.000%, 02/01/45		249,861		260,843
4.000%, 05/01/45		382,127		399,742
4.000%, 12/01/45		221,183		230,465
4.000%, 11/01/47		283,339		291,748
4.000%, 12/01/47		567,290		582,674
4.000%, 05/01/48		270,992		279,129
4.500%, 05/01/39		50,135		53,400
4.500%, 09/01/40		394,620		420,200
4.500%, 02/01/41		39,898		42,489
4.500%, 08/01/41		374,607		396,291
4.500%, 09/01/41		51,861		55,225
4.500%, 10/01/41		101,959		108,669
4.500%, 02/01/44		11,684		12,164
5.000%, 01/01/35		95,393		102,809
Agency Sponsored Mortgage - Backed—(Continued)
Freddie Mac 30 Yr. Gold Pool
5.000%, 05/01/35		43,217		46,394
5.000%, 07/01/35		564,004		610,602
5.000%, 11/01/35		702,131		760,557
5.000%, 06/01/41		947,279		1,025,707
5.000%, 07/01/41		141,901		152,947
5.500%, 03/01/34		658,057		721,103
5.500%, 07/01/35		447,816		490,591
Freddie Mac 30 Yr. Pool
2.000%, 03/01/51		96,096		89,470
2.000%, 11/01/51		294,630		274,360
2.500%, 11/01/50		72,284		69,183
2.500%, 02/01/51		174,050		166,330
2.500%, 11/01/51		2,070,855		1,987,731
3.000%, 09/01/48		466,634		461,205
3.000%, 09/01/49		1,854,255		1,843,303
3.000%, 03/01/50		277,903		273,469
3.500%, 07/01/46		815,864		829,153
4.500%, 07/01/40		763,187		812,104
Freddie Mac ARM Non-Gold Pool
2.000%, 12M LIBOR + 1.750%, 12/01/40 (b)		337,082		347,531
2.000%, 12M LIBOR + 1.750%, 09/01/41 (b)		120,562		124,506
2.130%, 12M LIBOR + 1.880%, 04/01/41 (b)		2,526		2,580
2.130%, 12M LIBOR + 1.880%, 09/01/41 (b)		10,432		10,889
2.130%, 12M LIBOR + 1.880%, 10/01/41 (b)		119,196		124,096
2.160%, 12M LIBOR + 1.910%, 05/01/41 (b)		20,569		21,467
2.160%, 12M LIBOR + 1.910%, 06/01/41 (b)		35,402		36,771
2.176%, 12M LIBOR + 1.902%, 10/01/42 (b)		50,342		52,301
2.197%, 12M LIBOR + 1.910%, 05/01/41 (b)		20,426		21,352
Freddie Mac Multifamily Structured Pass-Through Certificates
2.750%, 11/25/22		1,451,625		1,446,545
3.750%, 11/25/29		172,605		181,118
3.750%, 11/25/32		1,000,000		1,059,543
3.990%, 05/25/33 (b)		3,650,000		3,935,382
Freddie Mac Pool
2.500%, 07/01/51		600,000		573,713
2.500%, 03/01/52		600,000		574,047
Freddie Mac REMICS (CMO)
0.797%, 1M LIBOR + 0.400%, 03/15/34 (b)		172,383		172,774
1.297%, 1M LIBOR + 0.900%, 02/15/33 (b)		92,928		94,783
1.750%, 06/15/42		94,120		90,852
3.500%, 11/15/31		855,611		862,913
4.000%, 01/15/41		5,404,868		5,487,025
4.500%, 02/15/41		10,519		10,862
5.000%, 10/15/34		167,720		177,523
5.000%, 12/15/37		58,841		62,049
5.000%, 03/15/41		310,120		323,426
5.000%, 04/15/41		901,320		968,683
5.000%, 05/15/41		1,011,275		1,106,855
5.500%, 05/15/34		1,004,661		1,071,709
5.500%, 11/15/36		385,944		405,352
5.500%, 06/15/41		2,259,019		2,448,823
Ginnie Mae I 30 Yr. Pool
3.000%, 05/15/42		225,825		223,851
3.000%, 04/15/43		78,396		77,872
3.000%, 05/15/43		58,847		58,335

BHFTI-399

Brighthouse Funds Trust I

Western Asset Management Government Income Portfolio

Schedule of Investments as of March 31, 2022 (Unaudited)

U.S. Treasury & Government Agencies—(Continued)

Security Description	Principal Amount*		Value
Agency Sponsored Mortgage - Backed—(Continued)
Ginnie Mae I 30 Yr. Pool
3.000%, 01/15/45		31,136	$	30,895
3.000%, 02/15/45		45,105		44,696
3.000%, 03/15/45		224,574		222,538
3.000%, 05/15/45		14,040		13,915
3.000%, 06/15/45		22,830		22,630
3.000%, 07/15/45		122,290		121,160
3.500%, 11/15/41		152,697		157,086
3.500%, 02/15/42		119,975		123,412
3.500%, 03/15/42		159,635		163,735
3.500%, 05/15/42		342,978		351,548
3.500%, 06/15/42		205,014		210,383
3.500%, 05/15/50		228,417		233,162
4.000%, 09/15/40		873,718		912,920
4.000%, 10/15/40		46,707		49,388
4.000%, 03/15/41		401,714		420,178
4.000%, 06/15/41		14,228		14,710
4.000%, 09/15/41		91,885		97,283
4.000%, 10/15/41		352,923		371,407
4.000%, 11/15/41		109,293		115,661
4.000%, 12/15/41		309,045		326,708
4.000%, 01/15/42		15,999		16,657
4.000%, 02/15/42		15,614		16,465
4.000%, 03/15/42		101,711		107,328
4.000%, 11/15/42		12,498		12,912
4.000%, 01/15/43		41,542		43,389
4.000%, 03/15/50		32,828		33,903
4.500%, 08/15/39		718,756		773,899
4.500%, 06/15/40		174,732		187,378
4.500%, 07/15/40		43,392		46,727
4.500%, 03/15/41		265,809		286,545
4.500%, 04/15/41		19,985		21,560
5.000%, 03/15/39		29,677		32,106
5.000%, 07/15/39		51,407		56,592
5.000%, 08/15/39		50,307		55,104
5.000%, 09/15/39		34,178		37,588
5.000%, 04/15/40		19,095		20,879
5.000%, 08/15/40		82,354		90,573
5.000%, 04/15/41		56,492		61,768
5.000%, 09/15/41		37,828		41,737
5.500%, 10/15/39		8,329		9,298
6.000%, 06/15/36		420,743		471,880
Ginnie Mae II 30 Yr. Pool
2.500%, 12/20/50		261,617		251,202
3.000%, TBA (a)		4,600,000		4,522,375
3.000%, 12/20/42		605,338		597,717
3.000%, 03/20/43		563,158		557,487
3.000%, 01/20/48		767,411		764,091
3.500%, 12/20/42		185,740		190,704
3.500%, 05/20/46		900,067		913,626
3.500%, 06/20/46		2,316,769		2,351,024
3.500%, 11/20/47		153,392		155,605
3.500%, 10/20/48		540,271		547,070
4.000%, 09/20/39		63,500		66,723
4.000%, 10/20/40		8,052		8,460
4.000%, 11/20/40		561,631		590,086
Agency Sponsored Mortgage - Backed—(Continued)
Ginnie Mae II 30 Yr. Pool
4.000%, 10/20/41		732,871		770,045
4.000%, 11/20/41		277,629		291,698
4.000%, 04/20/42		364,657		383,137
4.000%, 06/20/42		27,120		28,669
4.000%, 10/20/44		650,269		683,214
4.000%, 11/20/44		648,922		682,961
4.000%, 12/20/44		37,054		38,931
4.000%, 03/20/50		33,971		35,811
4.000%, 04/20/50		377,155		394,086
4.500%, 02/20/40		62,509		66,553
4.500%, 09/20/40		6,663		7,096
4.500%, 08/20/48		605,110		627,938
4.500%, 09/20/48		410,169		428,093
4.500%, 10/20/48		583,686		607,347
4.500%, 01/20/49		90,596		94,198
4.500%, 03/20/50		122,786		127,174
Ginnie Mae II Pool
5.470%, 08/20/59 (b)		339		327
Government National Mortgage Association (CMO)
0.406%, 1M LIBOR + 0.300%, 08/20/60 (b)		90,941		90,347
0.406%, 1M LIBOR + 0.300%, 09/20/60 (b)		129,494		128,600
0.561%, 1M LIBOR + 0.330%, 07/20/60 (b)		143,736		142,821
0.596%, 1M LIBOR + 0.490%, 02/20/61 (b)		71,978		71,779
0.606%, 1M LIBOR + 0.500%, 12/20/60 (b)		214,081		213,503
0.606%, 1M LIBOR + 0.500%, 02/20/61 (b)		18,741		18,693
0.606%, 1M LIBOR + 0.500%, 04/20/61 (b)		75,372		75,165
0.606%, 1M LIBOR + 0.500%, 05/20/61 (b)		185,531		185,027
0.636%, 1M LIBOR + 0.530%, 06/20/61 (b)		103,909		103,685
0.699%, 1M LIBOR + 0.250%, 10/20/47 (b)		621,695		618,236
0.706%, 1M LIBOR + 0.600%, 10/20/61 (b)		362,558		362,201
0.736%, 1M LIBOR + 0.630%, 01/20/62 (b)		373,506		373,362
0.736%, 1M LIBOR + 0.630%, 03/20/62 (b)		239,899		240,097
0.749%, 1M LIBOR + 0.300%, 05/20/48 (b)		575,349		572,855
0.749%, 1M LIBOR + 0.300%, 06/20/48 (b)		733,413		730,371
0.756%, 1M LIBOR + 0.650%, 05/20/61 (b)		7,370		7,372
0.806%, 1M LIBOR + 0.700%, 11/20/61 (b)		382,635		382,934
0.806%, 1M LIBOR + 0.700%, 01/20/62 (b)		249,249		249,398
0.929%, 1M LIBOR + 0.480%, 01/20/38 (b)		20,478		20,555
0.949%, 1M LIBOR + 0.500%, 07/20/37 (b)		77,422		77,729
0.961%, 1M LIBOR + 0.530%, 12/16/39 (b)		70,360		70,928
1.031%, 1M LIBOR + 0.600%, 11/16/39 (b)		110,131		111,163
1.040%, 1Y H15 + 0.350%, 08/20/66 (b)		2,806,465		2,783,286
1.190%, 1Y H15 + 0.500%, 05/20/66 (b)		2,716,650		2,700,670
1.650%, 01/20/63		9,388		9,376
2.500%, 11/20/46		125,467		123,341
2.750%, 02/20/64		1,416,157		1,415,364
2.750%, 05/20/64		552,795		554,833
3.000%, 03/20/63		7,962		7,800
3.250%, 08/20/68		2,904,725		2,902,774
4.000%, 12/20/40		1,505,814		1,557,192
4.500%, 05/16/40		37,873		38,315
4.500%, 05/20/40 (c)		3,349		143
4.500%, 12/20/40		1,093,083		1,164,065
5.000%, 12/20/39		3,415,266		3,579,161
5.000%, 03/20/40		1,599,866		1,656,105
5.010%, 09/20/60 (b)		11,088		11,390
5.500%, 04/20/34		200,468		218,569

BHFTI-400

Brighthouse Funds Trust I

Western Asset Management Government Income Portfolio

Schedule of Investments as of March 31, 2022 (Unaudited)

U.S. Treasury & Government Agencies—(Continued)

Security Description	Principal Amount*		Value
Agency Sponsored Mortgage - Backed—(Continued)
Government National Mortgage Association (CMO)
5.651%, 1M LIBOR + 6.100%, 07/20/41 (b) (c)		78,798	$	10,699
8.069%, 1M LIBOR + 8.667%, 04/20/39 (b)		15,821		15,938
Uniform Mortgage-Backed Securities 30 Yr. Pool
2.500%, TBA (a)		21,900,000		20,893,969
3.000%, TBA (a)		12,400,000		12,128,750
3.500%, TBA (a)		8,700,000		8,662,518
4.000%, TBA (a)		900,000		912,063
				227,158,720
Federal Agencies—43.6%
Fannie Mae Principal Strip
Zero Coupon, 05/15/30		40,000,000		32,239,155
Federal Farm Credit Banks Funding Corp.
0.200%, 01/04/24		10,000,000		9,670,137
1.050%, 11/17/25		5,000,000		4,741,516
1.300%, 05/13/30		20,000,000		18,166,883
1.980%, 07/13/38		19,515,000		16,900,259
3.700%, 03/24/42		10,000,000		10,038,353
Federal Home Loan Bank
2.125%, 09/14/29		16,000,000		15,428,567
3.250%, 11/16/28		10,000,000		10,457,461
Federal Home Loan Mortgage Corp.
Zero Coupon, 12/14/29		10,000,000		8,240,845
Zero Coupon, 09/15/36		10,000,000		6,475,567
Zero Coupon, 12/15/36		45,000,000		28,466,708
0.375%, 05/05/23		8,000,000		7,875,618
6.250%, 07/15/32 (d)		7,568,000		10,049,379
6.750%, 03/15/31		481,000		639,769
Federal National Mortgage Association
Zero Coupon, 11/15/30		10,000,000		7,971,654
0.250%, 05/22/23		12,000,000		11,770,226
0.500%, 06/17/25		8,000,000		7,497,675
0.500%, 11/07/25 (d)		13,000,000		12,102,774
0.625%, 04/22/25		5,000,000		4,721,801
6.625%, 11/15/30		1,430,000		1,874,153
Freddie Mac Strips
Zero Coupon, 07/15/32		17,100,000		13,129,468
Resolution Funding Corp. Interest Strip
Zero Coupon, 01/15/29		7,300,000		6,151,275
Zero Coupon, 07/15/29		7,500,000		6,218,324
Resolution Funding Corp. Principal Strip
Zero Coupon, 01/15/30		23,523,000		19,018,518
Zero Coupon, 04/15/30		35,000,000		28,347,570
Tennessee Valley Authority
0.750%, 05/15/25		5,000,000		4,733,654
2.875%, 09/15/24		7,050,000		7,100,095
Tennessee Valley Authority Generic Strip
Zero Coupon, 07/15/29		8,669,000		7,056,729
Zero Coupon, 01/15/34		12,669,000		8,810,859
United States Department of Housing and Urban Development
2.738%, 08/01/25		5,000,000		5,003,285
United States International Development Finance Corp.
1.110%, 05/15/29		6,000,000		5,640,031
1.920%, 12/15/32		10,000,000		9,497,800
				346,036,108
U.S. Treasury—21.1%
U.S. Treasury Bonds
1.625%, 11/15/50		32,100,000		26,304,445
2.250%, 02/15/52		1,900,000		1,822,219
3.000%, 05/15/45		5,000,000		5,312,109
3.000%, 02/15/48		57,310,000		62,438,798
3.625%, 02/15/44		17,000,000		19,770,469
U.S. Treasury Notes
0.125%, 01/31/23		40,000,000		39,526,562
1.500%, 03/31/23		12,000,000		11,971,875
				167,146,477
Total U.S. Treasury & Government Agencies (Cost $783,388,250)				740,341,305
Foreign Government—12.6%
Sovereign—12.6%
Abu Dhabi Government International Bonds
3.125%, 10/11/27 (144A)		2,860,000		2,932,072
3.125%, 09/30/49 (144A)		10,000,000		9,151,600
Colombia Government International Bond
3.125%, 04/15/31		5,090,000		4,307,413
Hashemite Kingdom of Jordan Government AID Bond
3.000%, 06/30/25		10,389,000		10,506,212
Indonesia Government International Bond
4.750%, 02/11/29		4,410,000		4,874,365
Israel Government AID Bonds
5.500%, 09/18/23		13,878,000		14,516,875
5.500%, 12/04/23		30,210,000		31,759,102
5.500%, 04/26/24		1,900,000		2,014,782
5.500%, 09/18/33		2,195,000		2,792,723
Mexico Government International Bond
4.500%, 04/22/29		4,650,000		4,903,611
Panama Government International Bonds
3.750%, 03/16/25		2,780,000		2,827,844
4.500%, 04/01/56		750,000		732,998
Peruvian Government International Bond
4.125%, 08/25/27		2,620,000		2,717,988
Poland Government International Bond
3.250%, 04/06/26		2,820,000		2,872,170
Qatar Government International Bond
4.000%, 03/14/29 (144A)		2,740,000		2,925,169
Total Foreign Government (Cost $106,809,761)				99,834,924
Asset-Backed Securities—0.7%
Asset-Backed - Student Loan—0.7%
Navient Student Loan Trust
1.057%, 1M LIBOR + 0.600%, 07/26/66 (144A) (b)		1,392,001		1,392,001
SLM Student Loan Trust
0.728%, 3M LIBOR + 0.470%, 01/26/26 (b)		4,248,211		4,239,797
Total Asset-Backed Securities (Cost $1,651,497)				5,631,798

BHFTI-401

Brighthouse Funds Trust I

Western Asset Management Government Income Portfolio

Schedule of Investments as of March 31, 2022 (Unaudited)

Corporate Bonds & Notes—0.6%

Security Description	Principal Amount*		Value
Diversified Financial Services—0.6%
Private Export Funding Corp.
0.300%, 04/28/23 (144A)		5,000,000	$	4,901,966
Total Corporate Bond & Notes (Cost $997,172)				4,901,966
Collateralized Mortgage Obligations—0.2%
Seasoned Loans Structured Transaction
3.500%, 06/25/28		1,354,181		1,379,749
Total Mortgage-Backed Securities (Cost $1,345,354)				1,379,749
Short-Term Investment—0.6%
Repurchase Agreement—0.6%
Fixed Income Clearing Corp. Repurchase Agreement dated 03/31/22 at 0.000%, due on 04/01/22 with a maturity value of $4,575,469; collateralized by U.S. Treasury Note at 1.000%, maturing 12/15/24, with a market value of $4,667,064.		4,575,469		4,575,469
Total Short-Term Investments (Cost $4,575,469)				4,575,469
Securities Lending Reinvestments (e)—1.3%
Certificate of Deposit—0.0%
Oversea-Chinese Banking Corp., Ltd.
Zero Coupon, 04/14/22		100,000		99,983
Repurchase Agreements—1.0%
Citigroup Global Markets, Ltd. Repurchase Agreement dated 03/31/22 at 0.300%, due on 04/01/22 with a maturity value of $100,001; collateralized by U.S. Treasury and Foreign Obligations with rates ranging from 0.125% - 2.875%, maturity dates ranging from 08/15/23 - 02/15/51, and an aggregate market value of $102,000.		100,000		100,000
ING Financial Markets LLC Repurchase Agreement dated 03/31/22 at 0.260%, due on 04/01/22 with a maturity value of $1,315,405; collateralized by U.S. Government Agency Obligations with rates ranging from 0.350% - 6.625%, maturity dates ranging from 04/05/22 - 11/15/30, and an aggregate market value of $1,341,712.		1,315,395		1,315,395
National Bank of Canada Repurchase Agreement dated 03/31/22 at 0.450%, due on 04/07/22 with a maturity value of $1,600,140; collateralized by U.S. Treasury Obligations with rates ranging from 0.500% - 3.000%, maturity dates ranging from 11/30/23 - 08/15/48, and various Common Stock with an aggregate market value of $1,769,278.		1,600,000		1,600,000
Security Description	Shares/ Principal Amount*		Value
Repurchase Agreements—(Continued)
NBC Global Finance, Ltd. Repurchase Agreement dated 03/31/22 at 0.440%, due on 04/01/22 with a maturity value of $500,006; collateralized by U.S. Treasury Obligations with rates ranging from 0.125% - 4.750%, maturity dates ranging from 05/15/24 - 02/15/50, and various Common Stock with an aggregate market value of $555,188.		500,000		500,000
Repurchase Agreement dated 03/31/22 at 0.485%, due on 04/07/22 with a maturity value of $900,085; collateralized by U.S. Treasury Obligations with rates ranging from 0.125% - 4.750%, maturity dates ranging from 05/15/24 - 02/15/50, and various Common Stock with an aggregate market value of $999,339.		900,000		900,000
Societe Generale Repurchase Agreement dated 03/31/22 at 0.360%, due on 04/01/22 with a maturity value of $300,003; collateralized by various Common Stock with an aggregate market value of $333,361.		300,000		300,000
Repurchase Agreement dated 03/31/22 at 0.380%, due on 04/01/22 with a maturity value of $1,000,011; collateralized by various Common Stock with an aggregate market value of $1,111,203.		1,000,000		1,000,000
Repurchase Agreement dated 03/31/22 at 0.410%, due on 04/01/22 with a maturity value of $300,003; collateralized by various Common Stock with an aggregate market value of $333,387.		300,000		300,000
Repurchase Agreement dated 03/31/22 at 0.420%, due on 04/07/22 with a maturity value of $200,016; collateralized by various Common Stock with an aggregate market value of $222,258.		200,000		200,000
TD Prime Services LLC Repurchase Agreement dated 03/31/22 at 0.400%, due on 04/01/22 with a maturity value of $2,000,022; collateralized by various Common Stock with an aggregate market value of $2,316,377.		2,000,000		2,000,000
				8,215,395
Mutual Funds—0.3%
BlackRock Liquidity Funds FedFund, Institutional Shares 0.230% (f)		500,000		500,000
Morgan Stanley Liquidity Funds Government Portfolio, Institutional Shares 0.230% (f)		1,000,000		1,000,000
STIT-Government & Agency Portfolio, Institutional Class 0.250% (f)		1,000,000		1,000,000
				2,500,000
Total Securities Lending Reinvestments (Cost $10,815,390)				10,815,378
Total Investments—109.3% (Cost $909,582,893)				867,480,589
Other assets and liabilities (net)—(9.3)%				(73,481,439	)
Net Assets—100.0%			$	793,999,150

BHFTI-402

Brighthouse Funds Trust I

Western Asset Management Government Income Portfolio

Schedule of Investments as of March 31, 2022 (Unaudited)

*	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)	Variable or floating rate security. The stated rate represents the rate at March 31, 2022. 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)	Interest only security.
(d)	All or a portion of the security was held on loan. As of March 31, 2022, the market value of securities loaned was $10,545,988 and the collateral received consisted of cash in the amount of $10,815,317. 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 March 31, 2022.
(f)	The rate shown represents the annualized seven-day yield as of March 31, 2022.
(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 March 31, 2022, the market value of 144A securities was $21,302,808, which is 2.7% of net assets.

Futures Contracts

Futures Contracts—Long	Expiration Date		Number of Contracts			Notional Value				Value/ Unrealized Appreciation/ (Depreciation)
U.S. Treasury Ultra Long Bond Futures		06/21/22		34			USD	6,022,250		$	131,348
Futures Contracts—Short
U.S. Treasury Note 10 Year Futures		06/21/22		(250	)		USD	(30,718,750	)		415,531
U.S. Treasury Note 5 Year Futures		06/30/22		(429	)		USD	(49,200,938	)		278,610
U.S. Treasury Note Ultra 10 Year Futures		06/21/22		(118	)		USD	(15,985,313	)		501,773
Net Unrealized Appreciation										$	1,327,262

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-403

Brighthouse Funds Trust I

Western Asset Management Government Income Portfolio

Schedule of Investments as of March 31, 2022 (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 March 31, 2022:

Description	Level 1		Level 2			Level 3		Total
Total U.S. Treasury & Government Agencies*	$	—	$	740,341,305		$	—	$	740,341,305
Total Foreign Government*		—		99,834,924			—		99,834,924
Total Asset-Backed Securities*		—		5,631,798			—		5,631,798
Total Corporate Bonds & Notes*		—		4,901,966			—		4,901,966
Total Mortgage-Backed Securities*		—		1,379,749			—		1,379,749
Total Short-Term Investment*		—		4,575,469			—		4,575,469
Securities Lending Reinvestments
Certificate of Deposit		—		99,983			—		99,983
Repurchase Agreements		—		8,215,395			—		8,215,395
Mutual Funds		2,500,000		—			—		2,500,000
Total Securities Lending Reinvestments		2,500,000		8,315,378			—		10,815,378
Total Investments	$	2,500,000	$	864,980,589		$	—	$	867,480,589
Collateral for Securities Loaned (Liability)	$	—	$	(10,815,317	)	$	—	$	(10,815,317	)
Futures Contracts
Futures Contracts (Unrealized Appreciation)	$	1,327,262	$	—		$	—	$	1,327,262

* See Schedule of Investments for additional detailed categorizations.

BHFTI-404

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 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.

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

BHFTI-405

Brighthouse Funds Trust I

Notes to the Schedule of Investments

Investment Valuation and Fair Value Measurements—(Continued)

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 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-406