Brighthouse Funds Trust I

Schedule of Investments

September 30, 2023

Brighthouse Funds Trust I

Table of Contents

Schedule of Investments as of September 30, 2023
AB Global Dynamic Allocation Portfolio	BHFTI-1
AB International Bond Portfolio	BHFTI-28
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-86
Brighthouse Balanced Plus Portfolio	BHFTI-87
Brighthouse Small Cap Value Portfolio	BHFTI-91
Brighthouse/abrdn Emerging Markets Equity Portfolio	BHFTI-97
Brighthouse/Artisan International Portfolio	BHFTI-101
Brighthouse/Eaton Vance Floating Rate Portfolio	BHFTI-104
Brighthouse/Franklin Low Duration Total Return Portfolio	BHFTI-117
Brighthouse/Templeton International Bond Portfolio	BHFTI-130
Brighthouse/Wellington Large Cap Research Portfolio	BHFTI-134
CBRE Global Real Estate Portfolio	BHFTI-140
Harris Oakmark International Portfolio	BHFTI-144
Invesco Balanced-Risk Allocation Portfolio	BHFTI-147
Invesco Comstock Portfolio	BHFTI-151
Invesco Global Equity Portfolio	BHFTI-155
Invesco Small Cap Growth Portfolio	BHFTI-158
JPMorgan Core Bond Portfolio	BHFTI-163
JPMorgan Global Active Allocation Portfolio	BHFTI-182
JPMorgan Small Cap Value Portfolio	BHFTI-207
Loomis Sayles Global Allocation Portfolio	BHFTI-214
Loomis Sayles Growth Portfolio	BHFTI-228
MetLife Multi-Index Targeted Risk Portfolio	BHFTI-231
Morgan Stanley Discovery Portfolio	BHFTI-233
MFS® Research International Portfolio	BHFTI-238
PanAgora Global Diversified Risk Portfolio	BHFTI-242
PIMCO Inflation Protected Bond Portfolio	BHFTI-256
PIMCO Total Return Portfolio	BHFTI-269
Schroders Global Multi-Asset Portfolio	BHFTI-291
SSGA Emerging Markets Enhanced Index Portfolio	BHFTI-309
SSGA Growth and Income ETF Portfolio	BHFTI-319
SSGA Growth ETF Portfolio	BHFTI-322
T. Rowe Price Large Cap Value Portfolio	BHFTI-325
T. Rowe Price Mid Cap Growth Portfolio	BHFTI-329
TCW Core Fixed Income Portfolio	BHFTI-335
Victory Sycamore Mid Cap Value Portfolio	BHFTI-345
Western Asset Management Government Income Portfolio	BHFTI-349

Not all Portfolios are available under every product.

Refer to your prospectus for information on the Portfolios that are available.

Brighthouse Funds Trust I

AB Global Dynamic Allocation Portfolio

Consolidated Schedule of Investments as of September 30, 2023 (Unaudited)

Common Stocks—56.0% of Net Assets

Security Description	Shares		Value
Aerospace & Defense—0.8%
Airbus SE		27,074	$	3,622,025
Axon Enterprise, Inc. (a)		1,229		244,559
BAE Systems PLC		139,222		1,689,997
Boeing Co. (a)		9,917		1,900,891
Dassault Aviation SA		943		177,374
Elbit Systems Ltd.		1,226		243,660
General Dynamics Corp.		3,964		875,925
Howmet Aerospace, Inc.		6,849		316,766
Huntington Ingalls Industries, Inc.		697		142,592
Kongsberg Gruppen ASA		4,038		166,286
L3Harris Technologies, Inc.		3,308		575,989
Lockheed Martin Corp.		3,920		1,603,123
Melrose Industries PLC		61,723		351,766
MTU Aero Engines AG		2,459		446,768
Northrop Grumman Corp.		2,487		1,094,753
Rheinmetall AG		1,995		514,356
Rolls-Royce Holdings PLC (a)		384,402		1,030,451
RTX Corp.		25,456		1,832,068
Saab AB - Class B		3,716		188,968
Safran SA		15,611		2,440,842
Singapore Technologies Engineering Ltd.		71,277		203,648
Textron, Inc.		3,464		270,677
Thales SA		4,801		673,644
TransDigm Group, Inc. (a)		965		813,620
				21,420,748
Air Freight & Logistics—0.3%
C.H. Robinson Worldwide, Inc. (b)		2,036		175,361
Deutsche Post AG		45,272		1,845,128
DSV AS		8,502		1,585,040
Expeditors International of Washington, Inc. (b)		2,587		296,548
FedEx Corp.		4,047		1,072,131
Nippon Express Holdings, Inc.		3,374		176,045
SG Holdings Co. Ltd.		14,475		185,387
United Parcel Service, Inc. - Class B		12,650		1,971,755
Yamato Holdings Co. Ltd.		12,143		197,732
				7,505,127
Automobile Components—0.2%
Aisin Corp.		6,827		257,859
Aptiv PLC (a)		4,946		487,626
BorgWarner, Inc.		4,111		165,961
Bridgestone Corp.		26,077		1,016,372
Cie Generale des Etablissements Michelin SCA		30,984		949,653
Continental AG		5,065		357,853
Denso Corp.		79,172		1,270,683
Koito Manufacturing Co. Ltd.		9,485		143,074
Sumitomo Electric Industries Ltd.		32,634		392,990
Valeo		9,378		160,652
				5,202,723
Automobiles—1.4%
Bayerische Motoren Werke (BMW) AG		13,747		1,400,262
Ferrari NV		5,757		1,696,680
Ford Motor Co.		68,757		853,962
General Motors Co.		24,064		793,390
Automobiles—(Continued)
Honda Motor Co. Ltd.		210,963	$	2,372,120
Isuzu Motors Ltd.		26,630		334,705
Mazda Motor Corp.		25,705		291,436
Mercedes-Benz Group AG		36,646		2,552,471
Nissan Motor Co. Ltd.		106,021		467,660
Renault SA		8,754		358,433
Stellantis NV (Milan-Traded Shares)		101,044		1,938,107
Subaru Corp.		28,103		545,919
Suzuki Motor Corp.		16,824		676,583
Tesla, Inc. (a)		48,295		12,084,375
Toyota Motor Corp.		484,334		8,703,124
Volkswagen AG (b)		1,368		180,292
Volvo Car AB - Class B (a)		26,289		106,237
Yamaha Motor Co. Ltd.		13,537		355,680
				35,711,436
Banks—3.4%
ABN AMRO Bank NV (GDR)		18,477		261,630
AIB Group PLC		65,781		296,223
ANZ Group Holdings Ltd.		137,256		2,258,233
Banco Bilbao Vizcaya Argentaria SA		271,966		2,214,493
Banco Santander SA		739,153		2,806,839
Bank Hapoalim BM		58,021		515,894
Bank Leumi Le-Israel BM		69,788		577,039
Bank of America Corp.		120,911		3,310,543
Bank of Ireland Group PLC		48,035		471,685
Banque Cantonale Vaudoise		1,382		144,981
Barclays PLC		710,454		1,375,996
BNP Paribas SA		47,918		3,050,601
BOC Hong Kong Holdings Ltd.		168,954		460,707
CaixaBank SA		188,448		753,767
Chiba Bank Ltd.		24,209		175,609
Citigroup, Inc.		33,679		1,385,217
Citizens Financial Group, Inc.		8,260		221,368
Comerica, Inc.		2,305		95,773
Commerzbank AG		48,617		554,662
Commonwealth Bank of Australia		76,553		4,877,847
Concordia Financial Group Ltd.		48,405		219,991
Credit Agricole SA		55,279		680,239
Danske Bank AS		31,502		733,771
DBS Group Holdings Ltd.		82,708		2,030,853
DNB Bank ASA		42,304		852,061
Erste Group Bank AG		15,768		544,708
Fifth Third Bancorp		11,908		301,630
FinecoBank Banca Fineco SpA		27,888		338,593
Hang Seng Bank Ltd.		34,584		429,617
HSBC Holdings PLC		902,486		7,070,103
Huntington Bancshares, Inc.		25,323		263,359
ING Groep NV - Series N		165,308		2,183,756
Intesa Sanpaolo SpA		709,751		1,823,916
Israel Discount Bank Ltd. - Class A		55,919		301,852
Japan Post Bank Co. Ltd.		65,614		570,061
JPMorgan Chase & Co.		50,826		7,370,787
KBC Group NV		11,432		712,756
KeyCorp		16,369		176,130
Lloyds Banking Group PLC		2,941,311		1,583,794

BHFTI-1

Brighthouse Funds Trust I

AB Global Dynamic Allocation Portfolio

Consolidated Schedule of Investments as of September 30, 2023 (Unaudited)

Common Stocks—(Continued)

Security Description	Shares		Value
Banks—(Continued)
M&T Bank Corp.		2,901	$	366,831
Mediobanca Banca di Credito Finanziario SpA		24,954		330,289
Mitsubishi UFJ Financial Group, Inc.		521,519		4,423,493
Mizrahi Tefahot Bank Ltd.		7,108		257,303
Mizuho Financial Group, Inc.		110,172		1,866,140
National Australia Bank Ltd.		143,386		2,676,724
NatWest Group PLC		265,452		759,551
Nordea Bank Abp		147,127		1,616,753
Oversea-Chinese Banking Corp. Ltd.		154,588		1,443,768
PNC Financial Services Group, Inc.		6,965		855,093
Regions Financial Corp.		16,412		282,286
Resona Holdings, Inc.		97,732		540,141
Shizuoka Financial Group, Inc.		21,378		173,870
Skandinaviska Enskilda Banken AB - Class A		72,474		863,245
Societe Generale SA		33,221		803,625
Standard Chartered PLC		108,258		1,000,514
Sumitomo Mitsui Financial Group, Inc.		58,012		2,843,933
Sumitomo Mitsui Trust Holdings, Inc.		15,039		564,848
Svenska Handelsbanken AB - A Shares		66,615		592,160
Swedbank AB - A Shares		38,775		713,853
Truist Financial Corp.		23,295		666,470
U.S. Bancorp (b)		27,230		900,224
UniCredit SpA		84,206		2,014,989
United Overseas Bank Ltd.		57,719		1,201,550
Wells Fargo & Co.		63,990		2,614,631
Westpac Banking Corp.		160,264		2,177,304
Zions Bancorp NA (b)		2,591		90,400
				86,637,072
Beverages—0.9%
Anheuser-Busch InBev SA		39,670		2,184,553
Asahi Group Holdings Ltd.		21,998		822,439
Brown-Forman Corp. - Class B		3,200		184,608
Budweiser Brewing Co. APAC Ltd. (144A)		78,554		154,135
Carlsberg AS - Class B		4,498		566,798
Coca-Cola Co.		68,067		3,810,391
Coca-Cola Europacific Partners PLC (b)		9,431		589,249
Coca-Cola HBC AG		10,130		277,254
Constellation Brands, Inc. - Class A		2,821		709,002
Davide Campari-Milano NV		23,873		281,397
Diageo PLC		102,625		3,784,690
Heineken Holding NV		5,920		445,544
Heineken NV		13,154		1,157,125
Keurig Dr Pepper, Inc.		17,595		555,474
Kirin Holdings Co. Ltd.		35,482		497,663
Molson Coors Beverage Co. - Class B		3,246		206,413
Monster Beverage Corp. (a)		13,008		688,774
PepsiCo, Inc.		24,076		4,079,437
Pernod Ricard SA		9,353		1,556,908
Remy Cointreau SA (a)		1,056		128,651
Suntory Beverage & Food Ltd.		6,425		195,927
Treasury Wine Estates Ltd.		32,396		256,710
				23,133,142
Biotechnology—0.8%
AbbVie, Inc.		30,870		4,601,482
Biotechnology—(Continued)
Amgen, Inc.		9,355		2,514,250
Argenx SE (a)		2,556		1,242,628
Biogen, Inc. (a)		2,533		651,006
CSL Ltd.		22,031		3,549,577
Genmab AS (a)		3,017		1,067,657
Gilead Sciences, Inc.		21,792		1,633,092
Grifols SA (a)		13,623		176,385
Incyte Corp. (a)		3,253		187,926
Moderna, Inc. (a)		5,791		598,152
Regeneron Pharmaceuticals, Inc. (a)		1,867		1,536,466
Swedish Orphan Biovitrum AB (a)		8,818		180,371
Vertex Pharmaceuticals, Inc. (a)		4,514		1,569,698
				19,508,690
Broadline Retail—1.0%
Amazon.com, Inc. (a)		158,797		20,186,275
eBay, Inc.		9,307		410,346
Etsy, Inc. (a) (b)		2,151		138,912
Global-e Online Ltd. (a) (b)		4,126		163,967
Next PLC		5,520		489,835
Pan Pacific International Holdings Corp.		17,391		365,210
Prosus NV (a)		69,814		2,057,388
Rakuten Group, Inc.		68,262		279,553
Wesfarmers Ltd.		51,815		1,760,310
				25,851,796
Building Products—0.4%
A.O. Smith Corp.		2,179		144,097
AGC, Inc.		8,830		310,058
Allegion PLC (b)		1,535		159,947
Assa Abloy AB - Class B		45,776		997,268
Carrier Global Corp.		14,650		808,680
Cie de Saint-Gobain SA		21,126		1,265,628
Daikin Industries Ltd.		12,049		1,890,310
Geberit AG		1,527		762,326
Johnson Controls International PLC		11,898		633,093
Kingspan Group PLC		7,101		529,377
Lixil Corp.		13,040		151,793
Masco Corp.		3,934		210,272
Nibe Industrier AB - B Shares		69,214		451,045
Rockwool AS - B Shares		423		102,060
TOTO Ltd.		6,001		155,008
Trane Technologies PLC		3,995		810,625
Xinyi Glass Holdings Ltd.		74,511		96,811
				9,478,398
Capital Markets—1.4%
3i Group PLC		44,453		1,118,901
abrdn PLC		87,056		164,553
Ameriprise Financial, Inc.		1,795		591,776
Amundi SA		2,782		156,029
ASX Ltd.		8,900		324,904
Bank of New York Mellon Corp.		13,620		580,893
BlackRock, Inc.		2,455		1,587,133
Blackstone, Inc.		12,413		1,329,929

BHFTI-2

Brighthouse Funds Trust I

AB Global Dynamic Allocation Portfolio

Consolidated Schedule of Investments as of September 30, 2023 (Unaudited)

Common Stocks—(Continued)

Security Description	Shares		Value
Capital Markets—(Continued)
Cboe Global Markets, Inc.		1,845	$	288,208
Charles Schwab Corp.		26,006		1,427,729
CME Group, Inc.		6,292		1,259,784
Daiwa Securities Group, Inc. (b)		60,303		347,948
Deutsche Bank AG		88,521		977,484
Deutsche Boerse AG		8,678		1,499,951
EQT AB		16,242		320,746
Euronext NV (144A)		3,923		273,007
FactSet Research Systems, Inc.		667		291,652
Franklin Resources, Inc.		4,974		122,261
Futu Holdings Ltd. (ADR) (a)		2,532		146,375
Goldman Sachs Group, Inc.		5,766		1,865,705
Hargreaves Lansdown PLC		16,247		152,420
Hong Kong Exchanges & Clearing Ltd.		55,000		2,050,505
Intercontinental Exchange, Inc.		10,010		1,101,300
Invesco Ltd.		7,846		113,924
Japan Exchange Group, Inc.		22,934		425,369
Julius Baer Group Ltd.		9,409		602,984
London Stock Exchange Group PLC		18,254		1,832,462
Macquarie Group Ltd.		16,769		1,804,334
MarketAxess Holdings, Inc.		659		140,789
Moody’s Corp.		2,760		872,629
Morgan Stanley		22,314		1,822,384
MSCI, Inc.		1,383		709,590
Nasdaq, Inc.		5,929		288,090
Nomura Holdings, Inc.		137,260		550,324
Northern Trust Corp.		3,620		251,518
Partners Group Holding AG		1,037		1,166,885
Raymond James Financial, Inc.		3,287		330,113
S&P Global, Inc.		5,691		2,079,548
SBI Holdings, Inc.		11,065		232,910
Schroders PLC		36,437		180,091
Singapore Exchange Ltd.		38,722		275,559
St. James’s Place PLC		24,788		250,030
State Street Corp.		5,573		373,168
T. Rowe Price Group, Inc.		3,923		411,405
UBS Group AG		150,213		3,712,929
				36,406,228
Chemicals—1.2%
Air Liquide SA		23,921		4,031,095
Air Products & Chemicals, Inc.		3,885		1,101,009
Akzo Nobel NV		7,791		562,234
Albemarle Corp.		2,052		348,922
Arkema SA		2,742		270,382
Asahi Kasei Corp.		57,296		360,150
BASF SE		40,824		1,853,102
Celanese Corp. (b)		1,750		219,660
CF Industries Holdings, Inc.		3,375		289,373
Chr Hansen Holding AS		4,862		297,404
Clariant AG		9,855		155,692
Corteva, Inc.		12,413		635,049
Covestro AG (a)		8,868		478,660
Croda International PLC		6,418		384,713
Dow, Inc.		12,296		633,982
DSM-Firmenich AG		8,494		717,532
DuPont de Nemours, Inc. (b)		8,029		598,883
Chemicals—(Continued)
Eastman Chemical Co.		2,073		159,041
Ecolab, Inc.		4,423		749,256
EMS-Chemie Holding AG		323		219,098
Evonik Industries AG		9,577		175,388
FMC Corp.		2,182		146,129
Givaudan SA		422		1,381,399
ICL Group Ltd.		34,969		193,579
International Flavors & Fragrances, Inc. (b)		4,464		304,311
Johnson Matthey PLC		8,297		164,542
JSR Corp.		8,029		215,493
Linde PLC		8,534		3,177,635
LyondellBasell Industries NV - Class A		4,479		424,161
Mitsubishi Chemical Group Corp.		58,475		368,542
Mitsui Chemicals, Inc.		7,898		204,720
Mosaic Co. (b)		5,811		206,872
Nippon Paint Holdings Co. Ltd.		42,864		288,247
Nippon Sanso Holdings Corp.		7,884		186,855
Nissan Chemical Corp.		5,837		248,128
Nitto Denko Corp.		6,498		425,983
Novozymes AS - B Shares		9,321		375,760
OCI NV (a)		4,857		135,098
Orica Ltd.		20,529		206,139
PPG Industries, Inc.		4,119		534,646
Sherwin-Williams Co.		4,138		1,055,397
Shin-Etsu Chemical Co. Ltd.		83,200		2,414,830
Sika AG		6,685		1,694,362
Solvay SA		3,404		376,521
Sumitomo Chemical Co. Ltd.		63,626		173,184
Symrise AG		6,065		579,311
Toray Industries, Inc.		63,335		329,438
Tosoh Corp.		11,877		152,329
Umicore SA		9,569		226,922
Wacker Chemie AG		860		123,378
Yara International ASA		7,555		286,135
				30,840,671
Commercial Services & Supplies—0.2%
Brambles Ltd.		63,451		583,980
Cintas Corp.		1,512		727,287
Copart, Inc. (a)		15,197		654,839
Dai Nippon Printing Co. Ltd.		9,978		259,523
Rentokil Initial PLC		115,093		853,211
Republic Services, Inc.		3,596		512,466
Rollins, Inc.		4,223		157,644
Secom Co. Ltd.		9,590		650,343
Securitas AB - B Shares		22,461		177,333
TOPPAN, Inc.		11,281		269,613
Waste Management, Inc.		6,447		982,781
				5,829,020
Communications Equipment—0.3%
Arista Networks, Inc. (a)		4,386		806,717
Cisco Systems, Inc.		71,271		3,831,529
F5, Inc. (a)		1,037		167,102
Juniper Networks, Inc.		5,620		156,180
Motorola Solutions, Inc.		2,921		795,213

BHFTI-3

Brighthouse Funds Trust I

AB Global Dynamic Allocation Portfolio

Consolidated Schedule of Investments as of September 30, 2023 (Unaudited)

Common Stocks—(Continued)

Security Description	Shares		Value
Communications Equipment—(Continued)
Nokia Oyj		244,373	$	919,068
Telefonaktiebolaget LM Ericsson - B Shares (b)		133,738		649,591
				7,325,400
Construction & Engineering—0.2%
ACS Actividades de Construccion y Servicios SA		10,046		361,767
Bouygues SA		8,708		304,256
Eiffage SA		3,373		320,398
Ferrovial SE		23,257		709,134
Kajima Corp.		19,118		311,125
Obayashi Corp.		29,354		258,461
Quanta Services, Inc.		2,539		474,971
Shimizu Corp.		25,473		177,097
Skanska AB - B Shares		15,540		254,806
Taisei Corp.		7,831		275,531
Vinci SA		24,273		2,687,185
				6,134,731
Construction Materials—0.2%
CRH PLC		33,140		1,827,842
Heidelberg Materials AG		6,661		517,443
Holcim AG		23,805		1,524,128
James Hardie Industries PLC (a)		20,102		524,530
Martin Marietta Materials, Inc.		1,081		443,729
Vulcan Materials Co.		2,324		469,494
				5,307,166
Consumer Finance—0.1%
American Express Co.		10,175		1,518,008
Capital One Financial Corp.		6,671		647,421
Discover Financial Services		4,371		378,660
Synchrony Financial		7,314		223,589
				2,767,678
Consumer Staples Distribution & Retail—0.8%
Aeon Co. Ltd.		29,867		591,790
Carrefour SA		27,288		469,285
Coles Group Ltd.		57,519		572,843
Costco Wholesale Corp.		7,750		4,378,440
Dollar General Corp.		3,836		405,849
Dollar Tree, Inc. (a)		3,662		389,820
Endeavour Group Ltd.		64,769		219,166
HelloFresh SE (a)		7,087		211,893
J Sainsbury PLC		74,555		229,379
Jeronimo Martins SGPS SA		12,914		289,831
Kesko Oyj - B Shares		12,546		224,415
Kobe Bussan Co. Ltd.		6,816		159,855
Koninklijke Ahold Delhaize NV		44,359		1,337,562
Kroger Co.		11,549		516,818
MatsukiyoCocokara & Co.		15,717		281,771
Ocado Group PLC (a)		26,447		192,415
Seven & i Holdings Co. Ltd.		34,413		1,347,599
Sysco Corp.		8,834		583,486
Target Corp.		8,072		892,521
Consumer Staples Distribution & Retail—(Continued)
Tesco PLC		327,393		1,052,687
Walgreens Boots Alliance, Inc.		12,531		278,689
Walmart, Inc.		24,961		3,992,013
Welcia Holdings Co. Ltd.		4,162		71,937
Woolworths Group Ltd.		55,660		1,341,018
				20,031,082
Containers & Packaging—0.1%
Amcor PLC		25,735		235,733
Avery Dennison Corp.		1,409		257,382
Ball Corp. (b)		5,510		274,288
International Paper Co.		6,051		214,629
Packaging Corp. of America		1,573		241,534
Sealed Air Corp.		2,525		82,971
SIG Group AG		14,059		346,188
Smurfit Kappa Group PLC		11,882		393,096
Westrock Co. (b)		4,482		160,456
				2,206,277
Distributors—0.0%
D’ieteren Group		984		165,536
Genuine Parts Co.		2,456		354,597
LKQ Corp.		4,679		231,657
Pool Corp.		683		243,217
				995,007
Diversified Consumer Services—0.0%
IDP Education Ltd.		11,324		155,288
Pearson PLC		29,005		306,840
				462,128
Diversified REITs—0.4%
abrdn Property Income Trust Ltd.		33,548		19,922
Activia Properties, Inc.		64		176,605
AEW U.K. REIT PLC		13,900		16,676
Alexander & Baldwin, Inc.		6,303		105,449
American Assets Trust, Inc.		4,223		82,137
Argosy Property Ltd.		73,871		49,238
Armada Hoffler Properties, Inc.		5,854		59,945
Balanced Commercial Property Trust Ltd.		47,601		39,329
British Land Co. PLC		81,471		312,992
Broadstone Net Lease, Inc.		16,386		234,320
Charter Hall Long Wale REIT		58,099		120,570
Cromwell European Real Estate Investment Trust		28,100		38,000
Custodian Property Income REIT PLC		35,796		35,847
Daiwa House REIT Investment Corp.		291		513,473
Ediston Property Investment Co. PLC		18,600		15,804
Empire State Realty Trust, Inc. - Class A (b)		11,525		92,661
Essential Properties Realty Trust, Inc. (b)		13,606		294,298
Global Net Lease, Inc.		16,982		163,198
GPT Group		255,509		642,158
Growthpoint Properties Australia Ltd.		23,916		34,032
H&R Real Estate Investment Trust (b)		23,180		157,520
Hankyu Hanshin REIT, Inc.		59		55,699
Heiwa Real Estate REIT, Inc.		88		86,126

BHFTI-4

Brighthouse Funds Trust I

AB Global Dynamic Allocation Portfolio

Consolidated Schedule of Investments as of September 30, 2023 (Unaudited)

Common Stocks—(Continued)

Security Description	Shares		Value
Diversified REITs—(Continued)
Hulic REIT, Inc.		112	$	119,661
ICADE		2,851		93,920
Land Securities Group PLC		96,790		692,184
Lar Espana Real Estate Socimi SA		5,199		30,407
LXI REIT PLC		132,676		146,171
Merlin Properties Socimi SA		29,432		247,013
Mirvac Group		525,891		722,609
Mori Trust REIT, Inc.		222		108,108
NIPPON REIT Investment Corp.		39		93,145
Nomura Real Estate Master Fund, Inc.		592		664,153
NTT UD REIT Investment Corp.		119		109,941
OUE Commercial Real Estate Investment Trust		189,300		32,586
Picton Property Income Ltd.		48,179		39,971
Schroder Real Estate Investment Trust Ltd.		43,077		21,559
Sekisui House REIT, Inc.		362		202,091
SK REITs Co. Ltd.		13,550		42,167
Star Asia Investment Corp.		152		58,818
Stockland		319,289		808,274
Stride Property Group		42,698		32,544
Sunlight Real Estate Investment Trust		95,250		29,808
Suntec Real Estate Investment Trust		186,128		157,692
Takara Leben Real Estate Investment Corp.		57		37,031
Tokyu REIT, Inc.		82		100,171
Tritax EuroBox PLC (144A)		71,096		43,539
U.K. Commercial Property REIT Ltd.		64,831		41,972
United Urban Investment Corp.		260		270,702
WP Carey, Inc. (b)		18,645		1,008,322
				9,300,558
Diversified Telecommunication Services—0.6%
AT&T, Inc. (c)		125,033		1,877,996
BT Group PLC		294,923		418,924
Cellnex Telecom SA (a)		25,813		897,554
Deutsche Telekom AG		148,030		3,108,547
Elisa Oyj		6,544		303,609
HKT Trust & HKT Ltd.		171,298		178,657
Infrastrutture Wireless Italiane SpA		15,224		180,749
Koninklijke KPN NV		147,512		486,182
Nippon Telegraph & Telephone Corp.		1,364,735		1,611,885
Orange SA		85,042		975,892
Singapore Telecommunications Ltd.		377,066		665,135
Spark New Zealand Ltd.		82,922		239,049
Swisscom AG		1,183		702,781
Telecom Italia SpA (a)		439,590		137,270
Telefonica Deutschland Holding AG		40,340		72,269
Telefonica SA		236,368		967,179
Telenor ASA		31,957		362,519
Telia Co. AB		107,751		222,460
Telstra Group Ltd.		184,697		456,732
Verizon Communications, Inc.		73,526		2,382,978
				16,248,367
Electric Utilities—0.9%
Acciona SA		1,151		146,349
Alliant Energy Corp.		4,420		214,149
American Electric Power Co., Inc.		9,010		677,732
Electric Utilities—(Continued)
BKW AG		964		169,927
Chubu Electric Power Co., Inc.		29,426		376,420
CK Infrastructure Holdings Ltd.		27,789		131,481
CLP Holdings Ltd.		74,949		552,719
Constellation Energy Corp.		5,624		613,466
Duke Energy Corp.		13,479		1,189,657
Edison International		6,703		424,233
EDP - Energias de Portugal SA		143,317		596,392
Elia Group SA		1,374		134,284
Endesa SA		14,561		295,951
Enel SpA		371,461		2,279,370
Entergy Corp.		3,698		342,065
Evergy, Inc.		4,017		203,662
Eversource Energy		6,105		355,006
Exelon Corp.		17,406		657,773
FirstEnergy Corp.		9,025		308,474
Fortum Oyj		20,506		237,928
Iberdrola SA		278,057		3,104,622
Kansai Electric Power Co., Inc.		32,155		447,336
Mercury NZ Ltd.		30,573		111,911
NextEra Energy, Inc.		35,394		2,027,722
NRG Energy, Inc.		4,007		154,350
Origin Energy Ltd.		78,680		443,864
Orsted AS		8,640		470,391
PG&E Corp. (a)		36,574		589,939
Pinnacle West Capital Corp.		1,982		146,034
Power Assets Holdings Ltd.		63,212		304,901
PPL Corp.		12,891		303,712
Redeia Corp. SA		18,534		291,086
Southern Co.		19,073		1,234,405
SSE PLC		49,798		975,784
Terna - Rete Elettrica Nazionale		64,259		483,415
Tokyo Electric Power Co. Holdings, Inc. (a)		69,013		308,597
Verbund AG		3,136		255,039
Xcel Energy, Inc.		9,646		551,944
				22,112,090
Electrical Equipment—0.6%
ABB Ltd.		73,061		2,610,926
AMETEK, Inc.		4,035		596,212
Eaton Corp. PLC		6,978		1,488,268
Emerson Electric Co.		9,995		965,217
Fuji Electric Co. Ltd.		5,838		263,313
Generac Holdings, Inc. (a)		1,089		118,658
Legrand SA		12,186		1,118,391
Mitsubishi Electric Corp.		88,259		1,091,150
Nidec Corp.		19,063		883,101
Prysmian SpA		11,994		481,195
Rockwell Automation, Inc.		2,009		574,313
Schneider Electric SE		24,855		4,097,664
Siemens Energy AG (a)		23,517		307,663
Vestas Wind Systems AS (a)		46,122		984,442
				15,580,513
Electronic Equipment, Instruments & Components—0.5%
Amphenol Corp. - Class A		10,406		874,000

BHFTI-5

Brighthouse Funds Trust I

AB Global Dynamic Allocation Portfolio

Consolidated Schedule of Investments as of September 30, 2023 (Unaudited)

Common Stocks—(Continued)

Security Description	Shares		Value
Electronic Equipment, Instruments & Components—(Continued)
Azbil Corp.		5,246	$	160,515
CDW Corp.		2,344		472,926
Corning, Inc.		13,426		409,090
Halma PLC		17,339		407,358
Hamamatsu Photonics KK		6,382		268,328
Hexagon AB - B Shares		94,822		807,023
Hirose Electric Co. Ltd.		1,408		163,013
Ibiden Co. Ltd.		5,187		274,968
Keyence Corp.		8,887		3,303,043
Keysight Technologies, Inc. (a)		3,120		412,807
Kyocera Corp.		14,660		743,522
Murata Manufacturing Co. Ltd.		78,708		1,438,454
Omron Corp.		8,032		357,766
Shimadzu Corp.		10,773		286,101
TDK Corp.		17,756		657,562
TE Connectivity Ltd.		5,491		678,303
Teledyne Technologies, Inc. (a)		823		336,261
Trimble, Inc. (a)		4,343		233,914
Yokogawa Electric Corp.		10,339		199,649
Zebra Technologies Corp. - Class A (a)		898		212,404
				12,697,007
Energy Equipment & Services—0.1%
Baker Hughes Co.		17,658		623,681
Halliburton Co.		15,715		636,457
Schlumberger NV		24,856		1,449,105
Tenaris SA		21,567		340,781
				3,050,024
Entertainment—0.5%
Activision Blizzard, Inc.		12,512		1,171,499
Bollore SE		33,696		180,964
Capcom Co. Ltd.		7,911		284,267
Electronic Arts, Inc.		4,312		519,165
Koei Tecmo Holdings Co. Ltd.		5,189		73,753
Konami Group Corp.		4,628		243,986
Live Nation Entertainment, Inc. (a) (b)		2,480		205,939
Netflix, Inc. (a)		7,750		2,926,400
Nexon Co. Ltd.		15,599		276,925
Nintendo Co. Ltd.		47,451		1,976,821
Sea Ltd. (ADR) (a) (b)		16,681		733,130
Square Enix Holdings Co. Ltd.		3,889		133,245
Take-Two Interactive Software, Inc. (a) (b)		2,762		387,757
Toho Co. Ltd.		5,202		177,467
Universal Music Group NV		37,420		973,098
Walt Disney Co. (a)		32,002		2,593,762
Warner Bros Discovery, Inc. (a) (b)		38,792		421,281
				13,279,459
Financial Services — 1.4%
Adyen NV (a)		992		735,337
Berkshire Hathaway, Inc. - Class B (a)		31,895		11,172,819
Edenred SE		11,399		712,213
Eurazeo SE		1,997		118,962
EXOR NV		4,966		440,202
Fidelity National Information Services, Inc.		10,362		572,708
Financial Services—(Continued)
Fiserv, Inc. (a)		10,662		1,204,380
FleetCor Technologies, Inc. (a)		1,293		330,155
Global Payments, Inc.		4,547		524,678
GMO Payment Gateway, Inc.		1,914		104,380
Groupe Bruxelles Lambert NV		4,355		323,688
Industrivarden AB - A Shares		5,928		156,250
Industrivarden AB - C Shares		6,969		183,355
Investor AB - B Shares		79,050		1,513,067
Jack Henry & Associates, Inc. (b)		1,275		192,704
L E Lundbergforetagen AB - B Shares		3,468		144,549
M&G PLC		101,365		242,754
Mastercard, Inc. - Class A		14,551		5,760,886
Mitsubishi HC Capital, Inc.		36,847		245,420
Nexi SpA (a)		26,682		162,856
ORIX Corp.		53,577		1,000,383
PayPal Holdings, Inc. (a)		19,204		1,122,666
Sofina SA		704		141,855
Visa, Inc. - Class A (b)		28,102		6,463,741
Washington H Soul Pattinson & Co. Ltd.		10,607		221,894
Wendel SE		1,224		96,717
Wise PLC - Class A (a)		27,792		230,885
Worldline SA (a)		10,972		306,802
				34,426,306
Food Products—1.1%
Ajinomoto Co., Inc.		20,567		792,657
Archer-Daniels-Midland Co.		9,376		707,138
Associated British Foods PLC		15,891		399,417
Barry Callebaut AG		163		259,115
Bunge Ltd.		2,635		285,239
Campbell Soup Co.		3,441		141,356
Chocoladefabriken Lindt & Spruengli AG		5		548,187
Chocoladefabriken Lindt & Spruengli AG (Participation Certificate)		44		489,409
Conagra Brands, Inc.		8,358		229,176
Danone SA		29,407		1,620,206
General Mills, Inc.		10,234		654,874
Hershey Co.		2,621		524,410
Hormel Foods Corp. (b)		5,064		192,584
J.M. Smucker Co. (b)		1,786		219,517
JDE Peet’s NV		5,682		158,624
Kellogg Co. (b)		4,610		274,341
Kerry Group PLC - Class A		7,280		607,719
Kikkoman Corp.		6,224		326,380
Kraft Heinz Co.		13,963		469,715
Lamb Weston Holdings, Inc.		2,550		235,773
Lotus Bakeries NV		19		154,322
McCormick & Co., Inc.		4,392		332,211
MEIJI Holdings Co. Ltd.		10,722		266,542
Mondelez International, Inc. - Class A		23,793		1,651,234
Mowi ASA		19,870		351,785
Nestle SA		121,943		13,769,973
Nissin Foods Holdings Co. Ltd.		2,836		235,599
Orkla ASA		33,952		253,572
Salmar ASA		3,386		171,338
Tyson Foods, Inc. - Class A		4,994		252,147
WH Group Ltd.		380,822		198,708

BHFTI-6

Brighthouse Funds Trust I

AB Global Dynamic Allocation Portfolio

Consolidated Schedule of Investments as of September 30, 2023 (Unaudited)

Common Stocks—(Continued)

Security Description	Shares		Value
Food Products—(Continued)
Wilmar International Ltd.		86,750	$	235,891
Yakult Honsha Co. Ltd.		11,782		286,186
				27,295,345
Gas Utilities—0.1%
APA Group		57,514		306,522
Atmos Energy Corp. (b)		2,597		275,100
Enagas SA		11,229		185,822
Hong Kong & China Gas Co. Ltd.		511,333		356,254
Naturgy Energy Group SA		5,698		154,750
Osaka Gas Co. Ltd.		17,162		283,117
Snam SpA		92,097		432,361
Tokyo Gas Co. Ltd.		17,979		408,567
				2,402,493
Ground Transportation—0.4%
Aurizon Holdings Ltd.		84,067		188,389
Central Japan Railway Co.		32,930		800,708
CSX Corp.		35,090		1,079,018
East Japan Railway Co.		13,809		790,271
Grab Holdings Ltd. - Class A (a) (b)		84,365		298,652
Hankyu Hanshin Holdings, Inc.		10,423		355,571
J.B. Hunt Transport Services, Inc. (b)		1,428		269,207
Keio Corp.		4,669		160,610
Keisei Electric Railway Co. Ltd.		5,973		206,884
Kintetsu Group Holdings Co. Ltd.		8,349		236,665
MTR Corp. Ltd.		70,904		279,466
Norfolk Southern Corp.		3,970		781,812
Odakyu Electric Railway Co. Ltd.		14,305		213,781
Old Dominion Freight Line, Inc. (b)		1,567		641,122
Tobu Railway Co. Ltd.		8,713		223,929
Tokyu Corp.		22,831		263,274
Union Pacific Corp.		10,659		2,170,492
West Japan Railway Co.		10,046		415,651
				9,375,502
Health Care Equipment & Supplies—1.2%
Abbott Laboratories		30,350		2,939,398
Alcon, Inc.		22,822		1,763,560
Align Technology, Inc. (a)		1,245		380,123
Asahi Intecc Co. Ltd.		9,849		176,977
Baxter International, Inc.		8,857		334,263
Becton Dickinson & Co.		5,074		1,311,781
BioMerieux		1,894		183,120
Boston Scientific Corp. (a)		25,608		1,352,102
Carl Zeiss Meditec AG		1,854		162,176
Cochlear Ltd.		2,999		491,605
Coloplast AS - Class B		5,426		572,542
Cooper Cos., Inc.		866		275,397
Demant AS (a)		4,603		190,618
Dentsply Sirona, Inc.		3,703		126,495
DexCom, Inc. (a)		6,784		632,947
DiaSorin SpA		1,022		93,037
Edwards Lifesciences Corp. (a)		10,632		736,585
EssilorLuxottica SA		13,466		2,340,762
Fisher & Paykel Healthcare Corp. Ltd. - Class C		26,191		338,779
Health Care Equipment & Supplies—(Continued)
GE HealthCare Technologies, Inc.		6,841		465,462
Getinge AB - B Shares		10,293		180,833
Hologic, Inc. (a)		4,284		297,310
Hoya Corp.		16,183		1,667,716
IDEXX Laboratories, Inc. (a)		1,452		634,916
Insulet Corp. (a)		1,221		194,737
Intuitive Surgical, Inc. (a)		6,145		1,796,122
Koninklijke Philips NV (b)		42,413		845,269
Medtronic PLC		23,281		1,824,299
Olympus Corp.		57,828		749,224
ResMed, Inc.		2,570		380,026
Siemens Healthineers AG		12,880		654,238
Smith & Nephew PLC		39,888		495,793
Sonova Holding AG		2,375		562,823
STERIS PLC		1,725		378,500
Straumann Holding AG		5,098		647,521
Stryker Corp.		5,911		1,615,299
Sysmex Corp.		7,726		368,453
Teleflex, Inc. (b)		822		161,449
Terumo Corp.		30,733		814,181
Zimmer Biomet Holdings, Inc.		3,655		410,164
				29,546,602
Health Care Providers & Services—0.8%
Amplifon SpA		5,646		167,206
Cardinal Health, Inc.		4,453		386,609
Cencora, Inc. (b)		2,824		508,235
Centene Corp. (a)		9,470		652,294
Chartwell Retirement Residences (b)		20,769		157,191
Cigna Group		5,177		1,480,984
CVS Health Corp.		22,463		1,568,367
DaVita, Inc. (a)		942		89,047
EBOS Group Ltd.		6,929		140,745
Elevance Health, Inc.		4,121		1,794,366
Fresenius Medical Care AG & Co. KGaA		9,399		405,952
Fresenius SE & Co. KGaA		19,343		602,965
HCA Healthcare, Inc.		3,520		865,850
Henry Schein, Inc. (a)		2,284		169,587
Humana, Inc.		2,167		1,054,289
Laboratory Corp. of America Holdings		1,550		311,627
McKesson Corp.		2,359		1,025,811
Molina Healthcare, Inc. (a)		1,020		334,448
NMC Health PLC (a) (d) (e)		8,180		0
Quest Diagnostics, Inc.		1,963		239,211
Ramsay Health Care Ltd.		8,330		277,675
Sonic Healthcare Ltd.		20,427		390,820
UnitedHealth Group, Inc.		16,201		8,168,382
Universal Health Services, Inc. - Class B		1,087		136,669
				20,928,330
Health Care REITs—0.4%
Aedifica SA		4,153		235,917
Assura PLC		256,540		132,075
CareTrust REIT, Inc.		8,728		178,924
Cofinimmo SA		2,921		200,452
Community Healthcare Trust, Inc.		2,209		65,607

BHFTI-7

Brighthouse Funds Trust I

AB Global Dynamic Allocation Portfolio

Consolidated Schedule of Investments as of September 30, 2023 (Unaudited)

Common Stocks—(Continued)

Security Description	Shares		Value
Health Care REITs—(Continued)
Health Care & Medical Investment Corp.		31	$	30,217
Healthcare Realty Trust, Inc. (b)		33,368		509,529
HealthCo REIT		39,450		36,746
Healthpeak Properties, Inc.		57,699		1,059,354
Impact Healthcare REIT PLC		28,123		28,416
Life Science REIT PLC		30,850		26,161
LTC Properties, Inc.		3,532		113,483
Medical Properties Trust, Inc. (b)		52,212		284,555
National Health Investors, Inc.		3,638		186,848
NorthWest Healthcare Properties Real Estate Investment Trust		18,723		70,026
Omega Healthcare Investors, Inc. (b)		20,564		681,902
Parkway Life Real Estate Investment Trust		34,050		91,848
Physicians Realty Trust (b)		20,753		252,979
Primary Health Properties PLC		116,286		131,792
Sabra Health Care REIT, Inc.		20,151		280,905
Target Healthcare REIT PLC		54,623		50,471
Universal Health Realty Income Trust		1,064		43,018
Ventas, Inc.		42,182		1,777,128
Vital Healthcare Property Trust		43,085		54,742
Welltower, Inc. (b)		52,794		4,324,885
				10,847,980
Health Care Technology—0.0%
M3, Inc.		20,156		365,866
Hotel & Resort REITs—0.2%
Apple Hospitality REIT, Inc. (b)		18,777		288,039
CapitaLand Ascott Trust		199,508		139,934
CDL Hospitality Trusts		77,194		58,537
DiamondRock Hospitality Co. (b)		18,333		147,214
Far East Hospitality Trust		86,000		39,919
Hoshino Resorts REIT, Inc.		23		100,786
Host Hotels & Resorts, Inc.		74,609		1,198,967
Hotel Property Investments Ltd.		16,883		29,416
Invincible Investment Corp.		592		244,757
Japan Hotel REIT Investment Corp.		394		206,277
Park Hotels & Resorts, Inc. (b)		18,748		230,975
Pebblebrook Hotel Trust (b)		10,595		143,986
RLJ Lodging Trust		13,644		133,575
Ryman Hospitality Properties, Inc.		5,037		419,481
Service Properties Trust (b)		14,373		110,528
Summit Hotel Properties, Inc.		9,112		52,850
Sunstone Hotel Investors, Inc. (b)		18,143		169,637
Xenia Hotels & Resorts, Inc.		9,577		112,817
				3,827,695
Hotels, Restaurants & Leisure—1.0%
Accor SA		8,469		285,152
Airbnb, Inc. - Class A (a)		7,457		1,023,175
Amadeus IT Group SA		20,575		1,239,926
Aristocrat Leisure Ltd.		26,873		705,181
Booking Holdings, Inc. (a)		624		1,924,385
Caesars Entertainment, Inc. (a)		3,765		174,508
Carnival Corp. (a) (b)		17,618		241,719
Chipotle Mexican Grill, Inc. (a)		482		882,942
Compass Group PLC		79,175		1,928,840
Hotels, Restaurants & Leisure—(Continued)
Darden Restaurants, Inc.		2,114		302,767
Delivery Hero SE (a)		8,000		229,763
Domino’s Pizza, Inc.		614		232,577
Entain PLC		29,171		332,027
Evolution AB		8,370		843,427
Expedia Group, Inc. (a)		2,411		248,502
Flutter Entertainment PLC (a)		8,065		1,316,394
Galaxy Entertainment Group Ltd. (a)		99,749		596,660
Genting Singapore Ltd.		276,077		170,604
Hilton Worldwide Holdings, Inc.		4,574		686,923
InterContinental Hotels Group PLC		7,688		566,779
La Francaise des Jeux SAEM		4,761		154,615
Las Vegas Sands Corp.		5,749		263,534
Lottery Corp. Ltd.		101,654		307,928
Marriott International, Inc. - Class A		4,381		861,129
McDonald’s Corp.		12,746		3,357,806
McDonald’s Holdings Co. Japan Ltd. (b)		3,933		150,444
MGM Resorts International (a) (b)		4,909		180,455
Norwegian Cruise Line Holdings Ltd. (a) (b)		7,440		122,611
Oriental Land Co. Ltd.		49,831		1,635,877
Royal Caribbean Cruises Ltd. (a) (b)		4,122		379,801
Sands China Ltd. (a)		110,814		336,982
Sodexo SA		4,004		412,361
Starbucks Corp.		20,032		1,828,321
Whitbread PLC		9,038		380,197
Wynn Resorts Ltd.		1,694		156,543
Yum! Brands, Inc.		4,901		612,331
Zensho Holdings Co. Ltd.		4,244		185,247
				25,258,433
Household Durables—0.4%
Barratt Developments PLC		44,194		237,081
Berkeley Group Holdings PLC		4,897		244,262
DR Horton, Inc.		5,325		572,278
Garmin Ltd.		2,679		281,831
Iida Group Holdings Co. Ltd.		7,170		119,208
Lennar Corp. - Class A		4,417		495,720
Mohawk Industries, Inc. (a)		924		79,288
NVR, Inc. (a)		57		339,908
Open House Group Co. Ltd.		3,579		121,428
Panasonic Holdings Corp.		100,880		1,134,343
Persimmon PLC		14,377		188,220
PulteGroup, Inc.		3,838		284,204
SEB SA		1,146		106,934
Sekisui Chemical Co. Ltd.		17,566		252,877
Sekisui House Ltd.		27,246		542,496
Sharp Corp. (a)		11,882		74,050
Sony Group Corp.		57,596		4,711,449
Taylor Wimpey PLC		159,665		227,041
Whirlpool Corp. (b)		959		128,218
				10,140,836
Household Products—0.5%
Church & Dwight Co., Inc.		4,303		394,284
Clorox Co.		2,166		283,876
Colgate-Palmolive Co.		14,458		1,028,108

BHFTI-8

Brighthouse Funds Trust I

AB Global Dynamic Allocation Portfolio

Consolidated Schedule of Investments as of September 30, 2023 (Unaudited)

Common Stocks—(Continued)

Security Description	Shares		Value
Household Products—(Continued)
Essity AB - Class B		27,820	$	599,529
Henkel AG & Co. KGaA		4,797		302,924
Kimberly-Clark Corp.		5,915		714,828
Procter & Gamble Co.		41,228		6,013,516
Reckitt Benckiser Group PLC		32,770		2,315,869
Unicharm Corp.		18,431		650,282
				12,303,216
Independent Power and Renewable Electricity Producers—0.1%
AES Corp.		11,711		178,007
Corp. ACCIONA Energias Renovables SA		3,044		78,499
EDP Renovaveis SA		14,030		229,507
Meridian Energy Ltd.		58,988		181,726
RWE AG		28,877		1,073,119
				1,740,858
Industrial Conglomerates—0.6%
3M Co.		9,654		903,807
CK Hutchison Holdings Ltd.		122,349		652,077
DCC PLC		4,543		254,689
General Electric Co.		19,035		2,104,319
Hikari Tsushin, Inc.		930		141,589
Hitachi Ltd.		42,851		2,656,520
Honeywell International, Inc.		11,612		2,145,201
Investment AB Latour - B Shares		6,780		119,012
Jardine Cycle & Carriage Ltd.		4,659		108,488
Jardine Matheson Holdings Ltd.		7,337		340,442
Keppel Corp. Ltd.		66,454		329,832
Lifco AB - B Shares		10,498		183,641
Siemens AG		34,711		4,976,283
Smiths Group PLC		15,879		312,875
Toshiba Corp.		4,004		123,319
				15,352,094
Industrial REITs—0.9%
Advance Logistics Investment Corp.		59		49,698
AIMS APAC REIT		55,650		52,888
Americold Realty Trust, Inc.		23,740		721,933
ARGAN SA		850		56,750
CapitaLand Ascendas REIT		484,310		973,469
Centuria Industrial REIT		46,233		89,828
CRE Logistics REIT, Inc.		54		59,316
Dexus Industria REIT		18,620		30,643
Dream Industrial Real Estate Investment Trust (b)		21,818		206,253
EastGroup Properties, Inc.		3,872		644,804
ESR Kendall Square REIT Co. Ltd.		10,547		29,579
ESR-LOGOS REIT		541,707		110,849
First Industrial Realty Trust, Inc.		11,597		551,901
Frasers Logistics & Commercial Trust		251,400		196,533
GLP J-REIT		624		558,377
Goodman Group		77,433		1,072,697
Goodman Property Trust		96,161		121,896
Granite Real Estate Investment Trust (b)		5,216		276,804
Industrial & Infrastructure Fund Investment Corp.		171		158,094
Innovative Industrial Properties, Inc.		2,442		184,762
Intervest Offices & Warehouses NV		2,350		33,942
Industrial REITs—(Continued)
Japan Logistics Fund, Inc.		79		153,215
LaSalle Logiport REIT		165		158,658
Lexington Realty Trust		25,235		224,592
LondonMetric Property PLC		93,082		194,754
Mapletree Industrial Trust		173,812		287,114
Mapletree Logistics Trust		447,615		549,146
Mitsubishi Estate Logistics REIT Investment Corp.		43		108,021
Mitsui Fudosan Logistics Park, Inc.		47		148,076
Montea NV		1,265		89,929
Nippon Prologis REIT, Inc.		321		601,976
Prologis, Inc.		97,424		10,931,947
Rexford Industrial Realty, Inc. (b)		18,097		893,087
Segro PLC		160,846		1,403,110
SOSiLA Logistics REIT, Inc.		62		51,224
STAG Industrial, Inc. (b)		15,793		545,016
Terreno Realty Corp.		7,125		404,700
Tritax Big Box REIT PLC		164,554		280,475
Urban Logistics REIT PLC		40,588		54,092
Warehouse REIT PLC		34,900		34,737
Warehouses De Pauw CVA		21,493		529,779
				23,824,664
Insurance—1.9%
Admiral Group PLC		9,760		282,283
Aegon NV		76,286		367,671
Aflac, Inc.		9,455		725,671
Ageas SA		7,349		303,065
AIA Group Ltd.		527,485		4,266,861
Allianz SE		18,420		4,392,460
Allstate Corp.		4,575		509,701
American International Group, Inc.		12,451		754,531
Aon PLC - Class A		3,548		1,150,333
Arch Capital Group Ltd. (a)		6,523		519,948
Arthur J. Gallagher & Co.		3,769		859,068
ASR Nederland NV		7,301		274,029
Assicurazioni Generali SpA		46,289		945,952
Assurant, Inc.		927		133,099
Aviva PLC		124,746		589,834
AXA SA		83,817		2,482,687
Baloise Holding AG		2,119		307,417
Brown & Brown, Inc.		4,117		287,531
Chubb Ltd.		7,184		1,495,565
Cincinnati Financial Corp.		2,743		280,581
Dai-ichi Life Holdings, Inc.		42,949		893,584
Everest Group Ltd.		756		280,983
Gjensidige Forsikring ASA		9,128		134,133
Globe Life, Inc.		1,521		165,378
Hannover Rueck SE		2,761		606,725
Hartford Financial Services Group, Inc.		5,349		379,298
Helvetia Holding AG		1,711		239,734
Insurance Australia Group Ltd.		110,632		404,180
Japan Post Holdings Co. Ltd.		102,746		821,401
Japan Post Insurance Co. Ltd.		8,750		147,174
Legal & General Group PLC		273,015		737,607
Loews Corp.		3,234		204,745
Marsh & McLennan Cos., Inc.		8,639		1,644,002
Medibank Pvt Ltd.		123,597		273,208

BHFTI-9

Brighthouse Funds Trust I

AB Global Dynamic Allocation Portfolio

Consolidated Schedule of Investments as of September 30, 2023 (Unaudited)

Common Stocks—(Continued)

Security Description	Shares		Value
Insurance—(Continued)
MetLife, Inc. (f)		11,048	$	695,030
MS&AD Insurance Group Holdings, Inc.		19,583		716,256
Muenchener Rueckversicherungs-Gesellschaft AG		6,233		2,431,670
NN Group NV		11,458		367,194
Phoenix Group Holdings PLC		33,919		198,666
Poste Italiane SpA		23,617		248,327
Principal Financial Group, Inc. (b)		3,889		280,280
Progressive Corp.		10,237		1,426,014
Prudential Financial, Inc.		6,349		602,457
Prudential PLC		125,743		1,354,016
QBE Insurance Group Ltd.		68,145		689,143
Sampo Oyj - A Shares		21,004		908,049
Sompo Holdings, Inc.		13,498		577,783
Suncorp Group Ltd.		57,844		521,454
Swiss Life Holding AG		1,349		840,333
Swiss Re AG		13,776		1,414,086
T&D Holdings, Inc.		22,947		376,723
Talanx AG		2,939		186,386
Tokio Marine Holdings, Inc.		82,311		1,897,463
Travelers Cos., Inc.		4,004		653,893
Tryg AS		15,947		291,655
W.R. Berkley Corp.		3,558		225,897
Willis Towers Watson PLC		1,833		383,024
Zurich Insurance Group AG		6,872		3,149,007
				48,295,245
Interactive Media & Services—1.5%
Adevinta ASA (a)		12,856		126,807
Alphabet, Inc. - Class A (a)		103,765		13,578,688
Alphabet, Inc. - Class C (a) (c)		88,287		11,640,641
Auto Trader Group PLC		41,954		314,483
Match Group, Inc. (a)		4,864		190,547
Meta Platforms, Inc. - Class A (a) (c)		38,872		11,669,763
REA Group Ltd.		2,437		241,279
Scout24 SE		3,465		240,610
SEEK Ltd.		16,269		230,286
Z Holdings Corp.		122,023		340,671
				38,573,775
IT Services—0.5%
Accenture PLC - Class A		11,032		3,388,037
Akamai Technologies, Inc. (a)		2,658		283,183
Bechtle AG		3,726		174,506
Capgemini SE		7,532		1,307,847
Cognizant Technology Solutions Corp. - Class A		8,833		598,347
DXC Technology Co. (a)		3,588		74,738
EPAM Systems, Inc. (a)		1,014		259,270
Fujitsu Ltd.		8,036		945,490
Gartner, Inc. (a)		1,379		473,838
International Business Machines Corp.		15,933		2,235,400
NEC Corp.		11,216		619,501
Nomura Research Institute Ltd.		17,624		458,646
NTT Data Group Corp.		28,824		386,191
Obic Co. Ltd.		3,200		486,854
Otsuka Corp.		5,290		223,998
SCSK Corp.		7,189		125,397
IT Services—(Continued)
TIS, Inc.		10,092		222,136
VeriSign, Inc. (a)		1,569		317,770
Wix.com Ltd. (a)		2,495		229,041
				12,810,190
Leisure Products—0.1%
Bandai Namco Holdings, Inc.		27,375		556,767
Hasbro, Inc.		2,281		150,865
Shimano, Inc.		3,538		477,728
Yamaha Corp.		6,491		177,258
				1,362,618
Life Sciences Tools & Services—0.5%
Agilent Technologies, Inc.		5,166		577,662
Bachem Holding AG		1,567		115,525
Bio-Rad Laboratories, Inc. - Class A (a)		365		130,834
Bio-Techne Corp.		2,753		187,397
Charles River Laboratories International, Inc. (a) (b)		897		175,794
Danaher Corp.		11,493		2,851,413
Eurofins Scientific SE		6,175		348,162
Illumina, Inc. (a)		2,769		380,128
IQVIA Holdings, Inc. (a)		3,203		630,190
Lonza Group AG		3,402		1,573,925
Mettler-Toledo International, Inc. (a)		382		423,283
QIAGEN NV (a)		10,485		424,349
Revvity, Inc.		2,171		240,330
Sartorius Stedim Biotech		1,272		302,706
Thermo Fisher Scientific, Inc.		6,750		3,416,648
Waters Corp. (a)		1,034		283,533
West Pharmaceutical Services, Inc.		1,292		484,771
				12,546,650
Machinery—1.2%
Alfa Laval AB		13,214		452,097
Alstom SA		13,080		310,373
Atlas Copco AB - A Shares		122,676		1,643,598
Atlas Copco AB - B Shares		71,287		832,795
Caterpillar, Inc.		8,922		2,435,706
CNH Industrial NV		46,735		566,179
Cummins, Inc.		2,477		565,895
Daifuku Co. Ltd.		13,945		263,679
Daimler Truck Holding AG		22,551		782,080
Deere & Co.		4,769		1,799,725
Dover Corp.		2,446		341,242
Epiroc AB - A Shares		30,137		570,423
Epiroc AB - B Shares		17,810		284,774
FANUC Corp.		43,533		1,136,345
Fortive Corp.		6,157		456,603
GEA Group AG		7,042		260,293
Hitachi Construction Machinery Co. Ltd.		4,944		150,406
Hoshizaki Corp.		4,932		171,321
Husqvarna AB - B Shares		15,970		121,778
IDEX Corp.		1,322		275,003
Illinois Tool Works, Inc.		4,813		1,108,482
Indutrade AB		12,402		228,906
Ingersoll Rand, Inc.		7,073		450,692

BHFTI-10

Brighthouse Funds Trust I

AB Global Dynamic Allocation Portfolio

Consolidated Schedule of Investments as of September 30, 2023 (Unaudited)

Common Stocks—(Continued)

Security Description	Shares		Value
Machinery—(Continued)
Knorr-Bremse AG		3,354	$	213,294
Komatsu Ltd.		42,236		1,141,412
Kone Oyj - Class B		15,524		654,546
Kubota Corp.		46,236		683,918
Kurita Water Industries Ltd.		4,854		169,206
Makita Corp.		10,269		254,382
Metso Oyj		29,979		314,086
MINEBEA MITSUMI, Inc.		16,590		270,602
MISUMI Group, Inc.		12,982		202,688
Mitsubishi Heavy Industries Ltd.		14,638		820,111
NGK Insulators Ltd.		10,499		139,157
Nordson Corp.		947		211,342
Otis Worldwide Corp.		7,201		578,312
PACCAR, Inc.		9,144		777,423
Parker-Hannifin Corp.		2,244		874,083
Pentair PLC		2,888		186,998
Rational AG		240		151,946
Sandvik AB		48,696		892,796
Schindler Holding AG		1,085		208,708
Schindler Holding AG (Participation Certificate)		1,866		371,940
Seatrium Ltd. (a)		2,025,628		197,907
SKF AB - B Shares		15,404		255,418
SMC Corp.		2,616		1,171,004
Snap-on, Inc.		925		235,931
Spirax-Sarco Engineering PLC		3,396		392,702
Stanley Black & Decker, Inc.		2,680		223,994
Techtronic Industries Co. Ltd.		62,835		610,063
Toyota Industries Corp.		6,720		529,023
VAT Group AG (144A)		1,233		439,064
Volvo AB - A Shares		9,076		188,760
Volvo AB - B Shares		68,920		1,418,694
Wartsila Oyj Abp		21,399		242,563
Westinghouse Air Brake Technologies Corp.		3,133		332,944
Xylem, Inc.		4,212		383,418
Yaskawa Electric Corp.		10,962		395,186
				31,342,016
Marine Transportation—0.1%
AP Moller - Maersk AS - Class A (b)		139		246,611
AP Moller - Maersk AS - Class B		222		400,068
Kawasaki Kisen Kaisha Ltd.		6,383		217,622
Kuehne & Nagel International AG		2,482		703,774
Mitsui OSK Lines Ltd. (b)		15,757		432,298
Nippon Yusen KK		22,218		575,743
SITC International Holdings Co. Ltd.		59,171		99,334
				2,675,450
Media—0.3%
Charter Communications, Inc. - Class A (a)		1,780		782,880
Comcast Corp. - Class A		71,981		3,191,638
CyberAgent, Inc.		18,972		102,270
Dentsu Group, Inc.		9,241		271,945
Fox Corp. - Class A		4,437		138,434
Fox Corp. - Class B		2,307		66,626
Hakuhodo DY Holdings, Inc.		9,750		80,124
Informa PLC		63,921		582,471
Media—(Continued)
Interpublic Group of Cos., Inc. (b)		6,732		192,939
News Corp. - Class A		6,663		133,660
News Corp. - Class B		2,020		42,157
Omnicom Group, Inc.		3,455		257,328
Paramount Global - Class B (b)		8,434		108,799
Publicis Groupe SA		10,454		789,452
Vivendi SE		30,926		271,357
WPP PLC		48,579		432,928
				7,445,008
Metals & Mining—1.0%
Anglo American PLC		58,035		1,606,776
Antofagasta PLC		18,010		311,991
ArcelorMittal SA		23,370		584,481
BHP Group Ltd.		231,363		6,560,429
BlueScope Steel Ltd.		20,847		260,351
Boliden AB		12,554		357,334
Endeavour Mining PLC		8,392		162,196
Fortescue Metals Group Ltd.		77,341		1,037,208
Freeport-McMoRan, Inc.		25,073		934,972
Glencore PLC		481,031		2,750,924
IGO Ltd.		30,587		249,287
JFE Holdings, Inc.		22,221		326,517
Mineral Resources Ltd.		7,994		346,370
Newcrest Mining Ltd.		40,841		646,914
Newmont Corp.		13,899		513,568
Nippon Steel Corp.		39,062		915,509
Norsk Hydro ASA		60,355		378,822
Northern Star Resources Ltd.		52,531		351,653
Nucor Corp.		4,350		680,122
Pilbara Minerals Ltd.		121,974		335,735
Rio Tinto Ltd.		16,954		1,245,751
Rio Tinto PLC		51,421		3,230,120
South32 Ltd.		205,864		450,386
Steel Dynamics, Inc.		2,723		291,960
Sumitomo Metal Mining Co. Ltd.		11,335		333,341
voestalpine AG (b)		5,267		142,849
				25,005,566
Multi-Utilities—0.4%
Ameren Corp.		4,595		343,844
CenterPoint Energy, Inc.		11,039		296,397
Centrica PLC		254,136		477,110
CMS Energy Corp.		5,102		270,967
Consolidated Edison, Inc.		6,033		516,003
Dominion Energy, Inc.		14,635		653,746
DTE Energy Co.		3,606		358,004
E.ON SE		102,538		1,214,619
Engie SA		83,417		1,279,067
National Grid PLC		168,165		2,007,343
NiSource, Inc.		7,228		178,387
Public Service Enterprise Group, Inc.		8,729		496,767
Sembcorp Industries Ltd.		40,800		151,679
Sempra		11,006		748,738
Veolia Environnement SA		31,039		897,962

BHFTI-11

Brighthouse Funds Trust I

AB Global Dynamic Allocation Portfolio

Consolidated Schedule of Investments as of September 30, 2023 (Unaudited)

Common Stocks—(Continued)

Security Description	Shares		Value
Multi-Utilities—(Continued)
WEC Energy Group, Inc.		5,517	$	444,394
				10,335,027
Office REITs—0.4%
Abacus Group		44,408		29,788
Alexandria Real Estate Equities, Inc. (b)		17,831		1,784,883
Allied Properties Real Estate Investment Trust		11,079		146,252
Boston Properties, Inc. (b)		16,289		968,870
Brandywine Realty Trust (b)		14,801		67,197
Centuria Office REIT		40,709		29,825
Champion REIT		163,456		53,567
CLS Holdings PLC		14,628		21,109
Corporate Office Properties Trust (b)		9,834		234,344
Cousins Properties, Inc.		13,310		271,125
Covivio SA		6,980		309,676
Cromwell Property Group		124,935		29,370
Daiwa Office Investment Corp.		24		107,249
Derwent London PLC		9,807		229,200
Dexus		143,417		674,276
Douglas Emmett, Inc. (b)		14,284		182,264
Easterly Government Properties, Inc. (b)		8,191		93,623
Gecina SA		6,692		681,497
Global One Real Estate Investment Corp.		91		69,901
Great Portland Estates PLC		18,907		96,291
Helical PLC		9,014		23,245
Highwoods Properties, Inc. (b)		9,132		188,211
Hudson Pacific Properties, Inc. (b)		12,008		79,853
Ichigo Office REIT Investment Corp.		104		60,879
Inmobiliaria Colonial Socimi SA		27,983		158,496
Japan Excellent, Inc.		109		96,475
Japan Prime Realty Investment Corp.		81		195,615
Japan Real Estate Investment Corp.		177		690,301
JBG SMITH Properties (b)		9,531		137,818
JR Global REIT		10,148		30,576
Kenedix Office Investment Corp.		66		152,779
Keppel Pacific Oak U.S. REIT		74,600		16,406
Keppel REIT		191,532		119,722
Kilroy Realty Corp.		10,250		324,003
Mirai Corp.		144		45,667
Mori Hills REIT Investment Corp. - Class C		139		131,777
Nippon Building Fund, Inc.		206		835,130
NSI NV		1,540		29,190
One REIT, Inc.		22		38,152
Orix JREIT, Inc.		232		278,463
Paramount Group, Inc. (b)		16,107		74,414
Piedmont Office Realty Trust, Inc. - Class A		10,730		60,303
Precinct Properties New Zealand Ltd.		117,128		80,723
Prosperity REIT		104,100		19,235
Regional REIT Ltd. (144A)		38,729		13,433
Sankei Real Estate, Inc.		41		25,100
SL Green Realty Corp. (b)		5,642		210,447
Vornado Realty Trust (b)		15,502		351,585
Workspace Group PLC		12,576		74,791
				10,623,096
Oil, Gas & Consumable Fuels—2.3%
Aker BP ASA		14,379		397,393
Ampol Ltd.		10,991		238,958
APA Corp.		5,374		220,871
BP PLC		792,481		5,116,928
Chevron Corp.		31,031		5,232,447
ConocoPhillips		20,943		2,508,971
Coterra Energy, Inc.		13,247		358,331
Devon Energy Corp.		11,205		534,479
Diamondback Energy, Inc. (b)		3,127		484,310
ENEOS Holdings, Inc.		130,246		513,804
Eni SpA		107,929		1,733,497
EOG Resources, Inc.		10,183		1,290,797
EQT Corp.		6,325		256,669
Equinor ASA		41,147		1,349,070
Exxon Mobil Corp.		70,014		8,232,246
Galp Energia SGPS SA		22,481		333,015
Hess Corp.		4,833		739,449
Idemitsu Kosan Co. Ltd.		8,843		203,362
Inpex Corp.		44,331		665,294
Kinder Morgan, Inc.		33,903		562,112
Marathon Oil Corp.		10,593		283,363
Marathon Petroleum Corp.		6,993		1,058,321
Neste Oyj (b)		19,322		656,167
Occidental Petroleum Corp. (b)		11,604		752,868
OMV AG		6,721		320,934
ONEOK, Inc.		7,830		496,657
Phillips 66		7,788		935,728
Pioneer Natural Resources Co.		4,077		935,875
Repsol SA		58,340		960,370
Santos Ltd.		148,226		750,569
Shell PLC		306,198		9,721,792
Targa Resources Corp.		3,913		335,422
TotalEnergies SE		102,690		6,757,758
Valero Energy Corp. (b)		6,176		875,201
Williams Cos., Inc.		21,274		716,721
Woodside Energy Group Ltd.		86,719		2,020,424
				58,550,173
Paper & Forest Products—0.1%
Holmen AB - B Shares		4,268		165,706
Mondi PLC		22,176		369,942
Oji Holdings Corp.		38,977		165,250
Stora Enso Oyj - R Shares		26,299		329,209
Svenska Cellulosa AB SCA - Class B		27,671		378,427
UPM-Kymmene Oyj		24,377		833,788
				2,242,322
Passenger Airlines—0.1%
Alaska Air Group, Inc. (a)		2,225		82,503
American Airlines Group, Inc. (a) (b)		11,427		146,380
ANA Holdings, Inc. (a) (b)		7,277		152,493
Delta Air Lines, Inc.		11,253		416,361
Deutsche Lufthansa AG (a)		27,021		214,674
Japan Airlines Co. Ltd.		6,626		128,878
Qantas Airways Ltd. (a)		38,292		127,456
Singapore Airlines Ltd.		67,912		320,710

BHFTI-12

Brighthouse Funds Trust I

AB Global Dynamic Allocation Portfolio

Consolidated Schedule of Investments as of September 30, 2023 (Unaudited)

Common Stocks—(Continued)

Security Description	Shares		Value
Passenger Airlines—(Continued)
Southwest Airlines Co. (b)		10,417	$	281,988
United Airlines Holdings, Inc. (a)		5,736		242,633
				2,114,076
Personal Care Products—0.6%
Beiersdorf AG		4,604		594,488
Estee Lauder Cos., Inc. - Class A		4,055		586,150
Haleon PLC		253,053		1,050,060
Kao Corp.		21,279		790,147
Kenvue, Inc.		30,141		605,231
Kobayashi Pharmaceutical Co. Ltd.		2,320		103,587
Kose Corp.		1,575		114,177
L’Oreal SA		11,016		4,562,159
Shiseido Co. Ltd.		18,269		641,346
Unilever PLC		114,865		5,668,374
				14,715,719
Pharmaceuticals—3.6%
Astellas Pharma, Inc.		82,650		1,141,595
AstraZeneca PLC		70,786		9,526,153
Bayer AG		44,869		2,155,054
Bristol-Myers Squibb Co.		36,537		2,120,607
Catalent, Inc. (a) (b)		3,153		143,556
Chugai Pharmaceutical Co. Ltd.		30,674		950,439
Daiichi Sankyo Co. Ltd.		84,478		2,318,568
Eisai Co. Ltd.		11,513		639,142
Eli Lilly & Co.		13,946		7,490,815
GSK PLC		187,024		3,380,960
Hikma Pharmaceuticals PLC		7,498		191,042
Ipsen SA		1,747		228,819
Johnson & Johnson		42,115		6,559,411
Kyowa Kirin Co. Ltd.		12,408		216,088
Merck & Co., Inc.		44,380		4,568,921
Merck KGaA		5,903		986,633
Novartis AG		93,615		9,552,842
Novo Nordisk AS		149,044		13,557,912
Ono Pharmaceutical Co. Ltd.		17,808		341,553
Organon & Co.		4,470		77,599
Orion Oyj - Class B		4,954		194,587
Otsuka Holdings Co. Ltd.		17,834		634,440
Pfizer, Inc.		98,745		3,275,372
Recordati Industria Chimica e Farmaceutica SpA		4,832		227,805
Roche Holding AG		32,088		8,752,489
Roche Holding AG (Bearer Shares)		1,463		430,441
Sanofi		51,890		5,567,910
Shionogi & Co. Ltd.		11,933		533,588
Takeda Pharmaceutical Co. Ltd.		72,267		2,244,320
Teva Pharmaceutical Industries Ltd. (ADR) (a)		51,169		521,924
UCB SA		5,805		475,009
Viatris, Inc.		20,979		206,853
Zoetis, Inc.		8,051		1,400,713
				90,613,160
Professional Services—0.6%
Adecco Group AG		7,323		300,380
Automatic Data Processing, Inc.		7,205		1,733,379
Professional Services—(Continued)
BayCurrent Consulting, Inc.		6,099		203,787
Broadridge Financial Solutions, Inc.		2,066		369,917
Bureau Veritas SA		13,529		335,135
Ceridian HCM Holding, Inc. (a) (b)		2,722		184,688
Computershare Ltd.		26,241		438,950
Equifax, Inc. (b)		2,146		393,104
Experian PLC		42,019		1,372,725
Intertek Group PLC		7,416		370,823
Jacobs Solutions, Inc.		2,202		300,573
Leidos Holdings, Inc.		2,402		221,368
Paychex, Inc.		5,612		647,232
Paycom Software, Inc.		861		223,232
Persol Holdings Co. Ltd.		85,200		138,608
Randstad NV		5,076		279,798
Recruit Holdings Co. Ltd.		65,839		2,027,477
RELX PLC		86,487		2,916,740
Robert Half, Inc.		1,873		137,253
SGS SA		6,847		574,794
Teleperformance SE		2,730		341,155
Verisk Analytics, Inc.		2,536		599,105
Wolters Kluwer NV		11,762		1,424,446
				15,534,669
Real Estate Management & Development—1.1%
abrdn European Logistics Income PLC (144A)		34,476		26,329
Aeon Mall Co. Ltd.		10,434		122,841
Allreal Holding AG		1,285		204,673
Amot Investments Ltd.		18,948		91,683
Aroundtown SA (a)		60,153		125,341
Atrium Ljungberg AB - B Shares		3,924		63,934
Azrieli Group Ltd.		5,143		263,434
CA Immobilien Anlagen AG		3,608		119,745
CapitaLand Investment Ltd.		341,085		771,036
Castellum AB		37,579		382,975
Catena AB		2,927		101,821
CBRE Group, Inc. - Class A (a)		5,419		400,247
Cibus Nordic Real Estate AB		4,932		48,843
City Developments Ltd.		63,748		306,994
Citycon Oyj (a)		6,359		35,673
CK Asset Holdings Ltd.		261,665		1,376,314
Corem Property Group AB - Class B		58,822		32,569
CoStar Group, Inc. (a)		7,142		549,148
Daito Trust Construction Co. Ltd.		2,839		299,053
Daiwa House Industry Co. Ltd.		27,108		727,929
Deutsche EuroShop AG		1,004		19,402
Deutsche Wohnen SE		4,296		97,640
DIC Asset AG (b)		4,600		19,068
Dios Fastigheter AB		7,781		44,380
Entra ASA (144A)		6,229		53,136
ESR Group Ltd. (144A)		99,988		140,197
Fabege AB (b)		22,072		175,520
Fastighets AB Balder - B Shares (a)		84,404		377,888
Grainger PLC		64,127		182,501
Grand City Properties SA (a)		8,679		82,063
Hang Lung Properties Ltd.		81,322		110,538
Heiwa Real Estate Co. Ltd.		2,787		74,180

BHFTI-13

Brighthouse Funds Trust I

AB Global Dynamic Allocation Portfolio

Consolidated Schedule of Investments as of September 30, 2023 (Unaudited)

Common Stocks—(Continued)

Security Description	Shares		Value
Real Estate Management & Development—(Continued)
Henderson Land Development Co. Ltd.		65,576	$	171,742
Hiag Immobilien Holding AG		384		33,133
Hongkong Land Holdings Ltd.		147,360		525,232
Hufvudstaden AB - A Shares		9,428		104,118
Hulic Co. Ltd.		53,948		483,834
Hysan Development Co. Ltd.		53,189		102,449
Intershop Holding AG		107		70,812
Kennedy-Wilson Holdings, Inc. (b)		10,438		153,856
Kojamo Oyj		15,943		140,632
LEG Immobilien SE (a)		9,938		686,493
Lendlease Corp. Ltd.		31,482		145,721
Lifestyle Communities Ltd.		8,262		85,791
Melisron Ltd.		2,200		137,200
Mitsubishi Estate Co. Ltd.		148,567		1,942,102
Mitsui Fudosan Co. Ltd.		119,310		2,627,851
Mobimo Holding AG		616		165,020
New World Development Co. Ltd. (b)		190,732		370,158
Nomura Real Estate Holdings, Inc.		14,447		362,595
NP3 Fastigheter AB		2,538		36,735
Nyfosa AB		15,971		85,560
Pandox AB		7,765		82,350
Peach Property Group AG (a)		1,038		15,103
Phoenix Spree Deutschland Ltd.		8,050		15,984
Platzer Fastigheter Holding AB - Class B		4,741		29,115
PSP Swiss Property AG		4,002		472,089
Sagax AB - Class B		24,690		469,729
Samhallsbyggnadsbolaget i Norden AB (b)		97,307		35,514
Shurgard Self Storage Ltd.		2,194		86,905
Sino Land Co. Ltd.		463,962		522,059
Sirius Real Estate Ltd.		101,590		106,484
StorageVault Canada, Inc. (b)		20,941		69,688
Sumitomo Realty & Development Co. Ltd.		47,882		1,243,869
Sun Hung Kai Properties Ltd.		191,240		2,034,070
Swire Pacific Ltd. - Class A		17,108		115,505
Swire Properties Ltd.		144,426		301,343
Swiss Prime Site AG		10,163		930,061
TAG Immobilien AG (a)		13,319		139,826
Tokyo Tatemono Co. Ltd.		17,432		241,064
Tricon Residential, Inc.		21,291		157,380
UOL Group Ltd.		63,918		298,730
VGP NV		887		82,333
Vonovia SE		94,800		2,284,829
Wallenstam AB - Class B		29,362		97,891
Wharf Real Estate Investment Co. Ltd.		212,598		820,489
Wihlborgs Fastigheter AB		23,336		162,839
				26,673,378
Residential REITs—0.7%
Advance Residence Investment Corp.		114		258,518
American Homes 4 Rent - Class A		29,278		986,376
Apartment Income REIT Corp.		13,075		401,403
Apartment Investment & Management Co. - Class A (b)		12,896		87,693
AvalonBay Communities, Inc.		14,959		2,569,059
Boardwalk Real Estate Investment Trust		3,256		160,157
Camden Property Trust		10,978		1,038,299
Canadian Apartment Properties REIT (b)		14,653		486,330
Residential REITs—(Continued)
Centerspace (b)		1,302		78,459
Comforia Residential REIT, Inc.		60		132,982
Daiwa Securities Living Investments Corp.		182		135,039
Elme Communities		7,659		104,469
Empiric Student Property PLC		51,672		56,213
Equity LifeStyle Properties, Inc. (b)		15,595		993,557
Equity Residential		38,830		2,279,709
Essex Property Trust, Inc. (b)		6,743		1,430,123
Home Invest Belgium SA		850		14,263
Home REIT PLC (d) (e)		72,879		33,790
Independence Realty Trust, Inc. (b)		19,649		276,461
Ingenia Communities Group		32,456		87,899
InterRent Real Estate Investment Trust (b)		11,471		105,483
Invitation Homes, Inc.		63,840		2,023,090
Irish Residential Properties REIT PLC		39,107		38,224
Kenedix Residential Next Investment Corp.		93		142,046
Killam Apartment Real Estate Investment Trust (b)		10,130		129,921
Mid-America Apartment Communities, Inc.		12,277		1,579,436
NexPoint Residential Trust, Inc.		1,955		62,912
Nippon Accommodations Fund, Inc.		41		173,085
PRS REIT PLC		45,479		37,896
Residential Secure Income PLC (144A)		16,300		11,759
Samty Residential Investment Corp.		39		30,082
Starts Proceed Investment Corp.		22		32,207
Sun Communities, Inc.		10,807		1,278,900
Triple Point Social Housing REIT PLC (144A)		31,383		19,208
UDR, Inc.		34,137		1,217,667
UNITE Group PLC		30,494		332,248
Veris Residential, Inc. (a)		6,857		113,141
Xior Student Housing NV		2,662		76,013
				19,014,117
Retail REITs—1.0%
Acadia Realty Trust (b)		8,114		116,436
AEON REIT Investment Corp.		156		152,917
Agree Realty Corp.		8,054		444,903
Ascencio		442		19,298
Brixmor Property Group, Inc. (b)		26,327		547,075
BWP Trust		42,848		92,400
CapitaLand Integrated Commercial Trust		690,317		931,692
Carmila SA		5,017		75,030
Charter Hall Retail REIT		43,174		87,363
Choice Properties Real Estate Investment Trust (b)		22,543		210,451
Crombie Real Estate Investment Trust		9,170		84,324
Eurocommercial Properties NV		4,473		99,083
Federal Realty Investment Trust		8,411		762,289
First Capital Real Estate Investment Trust		18,587		182,004
Fortune Real Estate Investment Trust		121,730		73,021
Frasers Centrepoint Trust		95,300		152,494
Frontier Real Estate Investment Corp.		43		131,593
Fukuoka REIT Corp.		64		68,082
Getty Realty Corp. (b)		3,902		108,202
Hamborner REIT AG		6,233		42,497
Hammerson PLC		341,928		104,537
HomeCo Daily Needs REIT		152,793		112,339
Immobiliare Grande Distribuzione SIIQ SpA		5,721		12,907

BHFTI-14

Brighthouse Funds Trust I

AB Global Dynamic Allocation Portfolio

Consolidated Schedule of Investments as of September 30, 2023 (Unaudited)

Common Stocks—(Continued)

Security Description	Shares		Value
Retail REITs—(Continued)
InvenTrust Properties Corp.		5,902	$	140,527
Japan Metropolitan Fund Invest		928		602,240
Kenedix Retail REIT Corp.		54		104,429
Kimco Realty Corp.		64,050		1,126,639
Kite Realty Group Trust (b)		18,979		406,530
Kiwi Property Group Ltd.		138,466		70,180
Klepierre SA		27,969		684,740
Lendlease Global Commercial REIT		164,174		65,382
Link REIT		340,263		1,658,628
LOTTE REIT Co. Ltd.		10,668		25,861
Macerich Co. (b)		18,828		205,413
Mapletree Pan Asia Commercial Trust		305,764		319,969
Mercialys SA		7,804		70,331
NETSTREIT Corp. (b)		5,850		91,143
NewRiver REIT PLC		26,976		26,264
NNN REIT, Inc.		15,928		562,896
Paragon REIT		95,550		58,344
Phillips Edison & Co., Inc. (b)		10,250		343,785
Primaris Real Estate Investment Trust		8,439		83,815
Realty Income Corp. (b)		71,673		3,579,350
Regency Centers Corp.		18,757		1,114,916
Region RE Ltd.		101,155		131,178
Retail Estates NV		1,051		62,776
Retail Opportunity Investments Corp. (b)		10,693		132,379
RioCan Real Estate Investment Trust (b)		26,296		349,839
RPT Realty		7,469		78,873
Scentre Group		694,279		1,104,469
Shaftesbury Capital PLC		119,975		167,129
Simon Property Group, Inc.		34,286		3,703,917
SITE Centers Corp.		16,589		204,542
SmartCentres Real Estate Investment Trust (b)		11,392		190,894
Spirit Realty Capital, Inc.		12,369		414,733
Starhill Global REIT		126,400		44,804
Supermarket Income REIT PLC		109,500		101,245
Tanger Factory Outlet Centers, Inc. (b)		8,876		200,598
Unibail-Rodamco-Westfield (a)		14,452		711,279
Urban Edge Properties (b)		10,002		152,631
Vastned Retail NV		1,485		30,279
Vicinity Ltd.		507,079		552,671
Waypoint REIT Ltd.		59,203		85,916
Wereldhave NV		3,493		55,578
				24,428,049
Semiconductors & Semiconductor Equipment—2.7%
Advanced Micro Devices, Inc. (a)		28,257		2,905,385
Advantest Corp.		34,992		972,745
Analog Devices, Inc.		8,770		1,535,539
Applied Materials, Inc.		14,687		2,033,415
ASM International NV		2,145		895,750
ASML Holding NV		18,412		10,812,247
BE Semiconductor Industries NV		3,521		344,281
Broadcom, Inc. (b)		7,218		5,995,126
Disco Corp.		4,205		772,202
Enphase Energy, Inc. (a) (b)		2,385		286,558
First Solar, Inc. (a)		1,868		301,850
Infineon Technologies AG		59,643		1,978,056
Semiconductors & Semiconductor Equipment—(Continued)
Intel Corp.		73,246		2,603,895
KLA Corp.		2,391		1,096,656
Lam Research Corp.		2,331		1,461,001
Lasertec Corp.		3,459		537,034
Microchip Technology, Inc.		9,520		743,036
Micron Technology, Inc.		19,156		1,303,183
Monolithic Power Systems, Inc. (b)		836		386,232
NVIDIA Corp.		43,199		18,791,133
NXP Semiconductors NV		4,509		901,439
ON Semiconductor Corp. (a) (b)		7,547		701,494
Qorvo, Inc. (a)		1,712		163,445
QUALCOMM, Inc.		19,518		2,167,669
Renesas Electronics Corp. (a)		58,139		891,999
Rohm Co. Ltd.		16,176		306,124
Skyworks Solutions, Inc.		2,788		274,869
SolarEdge Technologies, Inc. (a) (b)		989		128,085
STMicroelectronics NV		31,215		1,344,882
SUMCO Corp.		15,830		205,880
Teradyne, Inc. (b)		2,694		270,639
Texas Instruments, Inc.		15,880		2,525,079
Tokyo Electron Ltd.		21,541		2,931,403
				68,568,331
Software—2.9%
Adobe, Inc. (a)		7,972		4,064,923
ANSYS, Inc. (a)		1,518		451,681
Autodesk, Inc. (a)		3,738		773,430
Cadence Design Systems, Inc. (a)		4,753		1,113,628
Check Point Software Technologies Ltd. (a)		4,275		569,772
CyberArk Software Ltd. (a)		1,908		312,473
Dassault Systemes SE		30,599		1,137,632
Fair Isaac Corp. (a)		435		377,811
Fortinet, Inc. (a) (b)		11,400		668,952
Gen Digital, Inc.		9,841		173,989
Intuit, Inc.		4,898		2,502,584
Microsoft Corp. (c)		129,942		41,029,187
Monday.com Ltd. (a)		993		158,105
Nemetschek SE		2,626		160,446
Nice Ltd. (a)		2,907		494,190
Oracle Corp.		27,533		2,916,295
Oracle Corp. Japan		1,769		131,893
Palo Alto Networks, Inc. (a)		5,349		1,254,020
PTC, Inc. (a)		2,078		294,411
Roper Technologies, Inc.		1,866		903,666
Sage Group PLC		46,816		563,424
Salesforce, Inc. (a)		17,035		3,454,357
SAP SE		47,692		6,190,708
ServiceNow, Inc. (a)		3,568		1,994,369
Synopsys, Inc. (a)		2,661		1,221,319
Temenos AG		2,953		207,122
Trend Micro, Inc.		6,111		231,516
Tyler Technologies, Inc. (a)		736		284,199
WiseTech Global Ltd.		7,612		317,481
Xero Ltd. (a)		6,569		476,195
				74,429,778

BHFTI-15

Brighthouse Funds Trust I

AB Global Dynamic Allocation Portfolio

Consolidated Schedule of Investments as of September 30, 2023 (Unaudited)

Common Stocks—(Continued)

Security Description	Shares		Value
Specialized REITs—1.1%
Abacus Storage King (a)		46,858	$	31,332
American Tower Corp.		8,153		1,340,761
Arena REIT		28,676		62,110
Big Yellow Group PLC		14,903		169,979
Charter Hall Social Infrastructure REIT		29,376		47,584
Crown Castle, Inc.		7,585		698,048
CubeSmart (b)		19,651		749,293
Digital Core REIT Management Pte. Ltd.		63,750		33,757
Digital Realty Trust, Inc. (b)		31,574		3,821,085
EPR Properties (b)		6,494		269,761
Equinix, Inc.		9,902		7,191,426
Extra Space Storage, Inc.		22,105		2,687,526
Four Corners Property Trust, Inc. (b)		7,558		167,712
Gaming & Leisure Properties, Inc.		22,134		1,008,204
Iron Mountain, Inc.		5,104		303,433
Keppel DC REIT		112,507		171,354
National Storage Affiliates Trust (b)		6,984		221,672
National Storage REIT		109,493		153,741
Public Storage		16,578		4,368,635
Safehold, Inc. (b)		3,815		67,907
Safestore Holdings PLC		18,645		167,310
SBA Communications Corp.		1,896		379,522
VICI Properties, Inc. (b)		106,062		3,086,404
Weyerhaeuser Co.		12,780		391,835
				27,590,391
Specialty Retail—0.7%
AutoZone, Inc. (a)		318		807,717
Bath & Body Works, Inc.		4,004		135,335
Best Buy Co., Inc.		3,354		233,002
CarMax, Inc. (a) (b)		2,767		195,710
Dufry AG (a)		4,456		169,577
Fast Retailing Co. Ltd.		7,994		1,741,150
H & M Hennes & Mauritz AB - B Shares		29,375		417,645
Home Depot, Inc.		17,583		5,312,879
Industria de Diseno Textil SA		49,820		1,854,267
JD Sports Fashion PLC		117,153		213,428
Kingfisher PLC		86,166		233,563
Lowe’s Cos., Inc.		10,248		2,129,944
Nitori Holdings Co. Ltd.		3,656		409,371
O’Reilly Automotive, Inc. (a)		1,056		959,756
Ross Stores, Inc.		5,958		672,956
TJX Cos., Inc.		20,100		1,786,488
Tractor Supply Co. (b)		1,903		386,404
Ulta Beauty, Inc. (a)		871		347,921
USS Co. Ltd.		9,373		154,980
Zalando SE (a)		10,184		227,427
ZOZO, Inc.		6,405		117,478
				18,506,998
Technology Hardware, Storage & Peripherals—1.9%
Apple, Inc.		257,028		44,005,764
Brother Industries Ltd.		10,571		170,222
Canon, Inc. (b)		45,686		1,103,933
FUJIFILM Holdings Corp.		17,043		986,803
Hewlett Packard Enterprise Co.		22,588		392,353
Technology Hardware, Storage & Peripherals—(Continued)
HP, Inc.		15,174		389,972
Logitech International SA		7,511		517,601
NetApp, Inc.		3,687		279,770
Ricoh Co. Ltd.		24,798		213,943
Seagate Technology Holdings PLC (b)		3,373		222,449
Seiko Epson Corp.		13,054		205,020
Western Digital Corp. (a)		5,595		255,300
				48,743,130
Textiles, Apparel & Luxury Goods—0.9%
Adidas AG		7,399		1,302,697
Burberry Group PLC		17,279		400,743
Cie Financiere Richemont SA - Class A		23,841		2,904,846
Hermes International SCA		1,447		2,630,494
Kering SA		3,400		1,545,850
LVMH Moet Hennessy Louis Vuitton SE		12,612		9,514,830
Moncler SpA		9,407		546,034
NIKE, Inc. - Class B		21,426		2,048,754
Pandora AS		3,862		398,129
Puma SE		4,851		301,941
Ralph Lauren Corp. (b)		706		81,959
Swatch Group AG		2,404		117,472
Swatch Group AG - Bearer Shares		1,326		339,975
Tapestry, Inc.		4,054		116,552
VF Corp. (b)		5,781		102,150
				22,352,426
Tobacco—0.4%
Altria Group, Inc.		31,037		1,305,106
British American Tobacco PLC		97,031		3,046,002
Imperial Brands PLC		39,431		800,719
Japan Tobacco, Inc.		54,806		1,261,257
Philip Morris International, Inc.		27,150		2,513,547
				8,926,631
Trading Companies & Distributors—0.6%
AerCap Holdings NV (a)		7,052		441,949
Ashtead Group PLC		20,014		1,216,503
Beijer Ref AB		17,579		184,636
Brenntag SE		6,704		520,600
Bunzl PLC		15,434		547,793
Fastenal Co.		9,992		545,963
IMCD NV		2,617		330,796
ITOCHU Corp.		54,288		1,961,438
Marubeni Corp.		65,933		1,027,542
Mitsubishi Corp.		52,522		2,502,182
Mitsui & Co. Ltd.		59,970		2,173,559
MonotaRO Co. Ltd.		11,059		118,332
Reece Ltd.		10,362		124,033
Sumitomo Corp.		47,761		952,763
Toyota Tsusho Corp.		9,702		570,214
United Rentals, Inc.		1,194		530,817
WW Grainger, Inc.		778		538,251
				14,287,371

BHFTI-16

Brighthouse Funds Trust I

AB Global Dynamic Allocation Portfolio

Consolidated Schedule of Investments as of September 30, 2023 (Unaudited)

Common Stocks—(Continued)

Security Description	Shares/ Principal Amount*		Value
Transportation Infrastructure—0.1%
Aena SME SA		3,437	$	516,980
Aeroports de Paris		1,385		163,214
Auckland International Airport Ltd. (a)		56,184		266,229
Getlink SE		16,161		257,486
Transurban Group		140,693		1,145,722
				2,349,631
Water Utilities—0.0%
American Water Works Co., Inc. (b)		3,405		421,641
Severn Trent PLC		11,522		331,987
United Utilities Group PLC		31,142		359,091
				1,112,719
Wireless Telecommunication Services—0.3%
KDDI Corp.		68,359		2,092,557
SoftBank Corp.		131,227		1,484,055
SoftBank Group Corp.		46,996		1,988,944
T-Mobile U.S., Inc. (a) (b)		9,053		1,267,873
Tele2 AB - B Shares		24,150		184,566
Vodafone Group PLC		1,050,216		980,681
				7,998,676
Total Common Stocks (Cost $1,053,850,375)				1,422,425,144
U.S. Treasury & Government Agencies—31.7%
Federal Agencies—1.5%
Federal Home Loan Banks 2.500%, 02/13/24		2,175,000		2,150,866
4.625%, 06/06/25 (b)		19,160,000		19,002,265
Federal Home Loan Mortgage Corp. 6.250%, 07/15/32		2,709,000		2,997,240
Federal National Mortgage Association 6.625%, 11/15/30 (b)		1,525,000		1,688,090
7.250%, 05/15/30		10,188,000		11,587,220
				37,425,681
U.S. Treasury—30.2%
U.S. Treasury Bonds 1.125%, 05/15/40 (b)		20,163,500		11,573,534
1.250%, 05/15/50		2,815,000		1,328,108
2.250%, 08/15/46		19,880,600		12,605,543
2.250%, 08/15/49		4,197,400		2,612,881
2.250%, 02/15/52		15,608,800		9,578,682
2.375%, 11/15/49 (b)		4,579,300		2,930,931
2.375%, 05/15/51		24,855,800		15,764,014
2.500%, 02/15/45		5,470,900		3,715,083
2.750%, 08/15/47 (b)		2,337,700		1,631,916
2.875%, 05/15/43		5,028,100		3,725,115
2.875%, 08/15/45 (b)		29,768,500		21,560,069
2.875%, 05/15/49		3,659,800		2,610,753
2.875%, 05/15/52		9,094,300		6,448,072
U.S. Treasury—(Continued)
U.S. Treasury Bonds 3.000%, 05/15/45		1,329,600		987,384
3.000%, 02/15/47 (b)		3,206,300		2,354,376
3.000%, 05/15/47 (b)		3,558,700		2,610,779
3.000%, 02/15/48		1,975,100		1,445,063
3.000%, 08/15/48		9,323,800		6,815,843
3.000%, 02/15/49		2,720,900		1,988,914
3.125%, 11/15/41		703,800		553,390
3.125%, 02/15/43		8,508,800		6,587,008
3.625%, 08/15/43		11,965,600		9,984,732
3.625%, 02/15/53		2,654,000		2,194,941
3.625%, 05/15/53		6,152,000		5,093,664
3.750%, 08/15/41		3,613,400		3,127,426
3.750%, 11/15/43		487,200		413,549
4.000%, 11/15/52		3,324,500		2,946,598
4.375%, 05/15/41		530,600		500,236
4.500%, 08/15/39 (b)		301,900		292,395
5.250%, 11/15/28		10,124,300		10,395,995
5.500%, 08/15/28		5,597,100		5,800,869
6.000%, 02/15/26 (g)		31,745,700		32,459,978
6.125%, 11/15/27		18,628,100		19,627,177
6.250%, 05/15/30		854,700		932,491
6.375%, 08/15/27		2,592,500		2,741,873
U.S. Treasury Notes
0.375%, 04/30/25		5,600,800		5,192,335
0.375%, 12/31/25		11,063,100		10,001,302
0.375%, 01/31/26		27,091,900		24,388,001
0.500%, 02/28/26		11,035,000		9,934,948
0.625%, 08/15/30		4,004,800		3,073,528
0.750%, 04/30/26		6,627,600		5,970,277
0.750%, 05/31/26		9,318,100		8,368,455
0.875%, 09/30/26		9,132,700		8,149,508
1.125%, 10/31/26		9,196,500		8,240,208
1.250%, 12/31/26		6,774,600		6,068,560
1.375%, 11/15/31		7,259,500		5,690,200
1.500%, 08/15/26		2,030,700		1,851,031
1.500%, 01/31/27 (b)		6,697,800		6,030,636
1.500%, 02/15/30 (b)		6,315,400		5,234,875
1.625%, 02/15/26		11,760,100		10,893,711
1.625%, 08/15/29		9,431,400		8,003,427
1.625%, 05/15/31		25,068,500		20,352,488
1.750%, 11/15/29		11,386,000		9,684,327
1.875%, 02/28/27		13,519,000		12,304,402
1.875%, 02/15/32		19,871,900		16,142,038
2.000%, 08/15/25		5,811,700		5,491,375
2.000%, 11/15/26		33,782,600		31,073,394
2.125%, 05/15/25 (b) (g)		44,542,400		42,424,896
2.250%, 11/15/25		9,040,300		8,541,671
2.250%, 02/15/27		9,640,500		8,895,997
2.250%, 08/15/27		31,517,500		28,801,578
2.250%, 11/15/27		33,211,800		30,204,575
2.375%, 05/15/27		46,256,900		42,657,535
2.375%, 05/15/29		18,512,900		16,451,894
2.625%, 02/15/29		8,538,200		7,723,736
2.750%, 02/15/28		15,231,500		14,086,758

BHFTI-17

Brighthouse Funds Trust I

AB Global Dynamic Allocation Portfolio

Consolidated Schedule of Investments as of September 30, 2023 (Unaudited)

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

Security Description	Principal Amount*		Value
U.S. Treasury—(Continued)
U.S. Treasury Notes
2.750%, 08/15/32		11,079,600	$	9,594,241
2.875%, 05/15/28		3,859,700		3,576,856
2.875%, 05/15/32		22,729,000		19,950,913
3.125%, 11/15/28		9,904,400		9,222,312
3.375%, 05/15/33		11,385,800		10,325,497
3.500%, 04/30/28		3,969,500		3,783,538
3.500%, 02/15/33		11,107,900		10,191,498
3.625%, 03/31/28		10,018,000		9,603,975
3.625%, 05/31/28		1,997,800		1,914,766
3.875%, 12/31/27		8,008,100		7,761,288
3.875%, 08/15/33		2,800,800		2,646,319
4.000%, 02/29/28		3,968,200		3,865,585
4.000%, 06/30/28 (b)		8,100,500		7,884,381
4.125%, 10/31/27 (b)		5,838,000		5,713,714
4.125%, 11/15/32		9,781,100		9,433,412
4.375%, 08/31/28 (b)		13,698,500		13,562,585
				766,897,928
Total U.S. Treasury & Government Agencies (Cost $908,025,140)				804,323,609
Foreign Government—10.1%
Sovereign—10.1%
Australia Government Bonds 2.500%, 05/21/30 (AUD)		5,507,000		3,178,374
3.000%, 11/21/33 (AUD)		832,000		470,404
3.250%, 04/21/29 (AUD)		1,346,000		825,426
3.750%, 04/21/37 (AUD)		1,896,000		1,111,754
4.750%, 04/21/27 (AUD)		1,450,000		952,321
Bundesobligation 2.200%, 04/13/28 (EUR)		1,776,573		1,832,647
Bundesrepublik Deutschland Bundesanleihe Zero Coupon, 02/15/31 (EUR)		2,993,000		2,596,697
Zero Coupon, 08/15/31 (EUR)		4,356,047		3,725,379
Zero Coupon, 08/15/50 (EUR)		2,430,861		1,177,551
0.500%, 02/15/26 (EUR)		8,788,442		8,758,133
1.250%, 08/15/48 (EUR)		404,000		299,139
2.500%, 07/04/44 (EUR)		1,063,600		1,035,645
3.250%, 07/04/42 (EUR)		702,500		765,445
4.250%, 07/04/39 (EUR)		1,677,500		2,045,775
5.500%, 01/04/31 (EUR)		2,832,600		3,529,434
Canada Government Bonds 1.500%, 06/01/26 (CAD)		1,477,000		1,005,643
2.750%, 06/01/33 (CAD)		485,000		320,748
3.500%, 12/01/45 (CAD)		2,295,000		1,583,799
5.750%, 06/01/29 (CAD)		7,041,000		5,608,851
Denmark Government Bonds 0.500%, 11/15/29 (DKK)		4,004,000		490,674
4.500%, 11/15/39 (DKK)		4,060,000		669,425
Finland Government Bonds 0.125%, 09/15/31 (144A) (EUR)		1,142,000		940,432
0.500%, 04/15/26 (144A) (EUR)		1,288,000		1,271,738
1.375%, 04/15/47 (144A) (EUR)		462,000		321,073
Sovereign—(Continued)
French Republic Government Bonds OAT 0.010%, 05/25/32 (EUR)		1,458,209		1,164,919
0.500%, 05/25/25 (EUR)		3,110,000		3,136,445
0.500%, 05/25/26 (EUR)		7,888,399		7,773,691
0.750%, 02/25/28 (EUR)		1,293,302		1,234,700
1.250%, 05/25/36 (144A) (EUR)		4,886,800		3,956,105
1.500%, 05/25/50 (144A) (EUR)		1,695,715		1,105,638
2.250%, 05/25/24 (EUR)		2,032,800		2,128,408
2.500%, 05/25/30 (EUR)		11,069,117		11,238,691
3.250%, 05/25/45 (EUR)		3,894,979		3,791,124
4.000%, 04/25/60 (EUR)		292,000		315,611
Ireland Government Bonds 0.200%, 10/18/30 (EUR)		1,530,000		1,316,624
2.000%, 02/18/45 (EUR)		483,000		383,612
5.400%, 03/13/25 (EUR)		1,140,800		1,240,732
Italy Buoni Poliennali Del Tesoro 0.950%, 09/15/27 (EUR)		520,000		488,801
1.650%, 03/01/32 (144A) (EUR)		5,888,000		4,996,032
1.800%, 03/01/41 (144A) (EUR)		529,000		353,289
3.250%, 09/01/46 (144A) (EUR)		196,000		157,492
3.750%, 09/01/24 (EUR)		9,653,000		10,185,924
3.850%, 09/01/49 (144A) (EUR)		2,726,000		2,379,380
5.000%, 08/01/39 (144A) (EUR)		2,969,000		3,142,993
5.250%, 11/01/29 (EUR)		9,174,964		10,228,894
Japan Government Five Year Bond 0.100%, 09/20/24 (JPY)		148,600,000		995,871
Japan Government Forty Year Bond 1.700%, 03/20/54 (JPY)		111,750,000		755,606
Japan Government Ten Year Bonds 0.100%, 09/20/26 (JPY)		605,100,000		4,047,659
0.100%, 12/20/29 (JPY)		767,550,000		5,031,654
0.100%, 06/20/31 (JPY)		501,750,000		3,229,546
0.500%, 12/20/24 (JPY)		2,069,700,000		13,938,759
Japan Government Thirty Year Bonds 0.400%, 12/20/49 (JPY)		513,900,000		2,551,652
0.500%, 09/20/46 (JPY)		1,021,600,000		5,481,803
0.700%, 06/20/51 (JPY)		879,550,000		4,660,662
0.700%, 12/20/51 (JPY)		228,000,000		1,203,469
1.800%, 09/20/43 (JPY)		130,050,000		922,055
1.900%, 09/20/42 (JPY)		375,750,000		2,720,542
2.300%, 03/20/40 (JPY)		571,750,000		4,408,413
Japan Government Twenty Year Bonds 0.500%, 09/20/36 (JPY)		732,900,000		4,595,779
0.500%, 12/20/41 (JPY)		141,200,000		812,902
1.500%, 03/20/33 (JPY)		230,600,000		1,650,370
1.700%, 12/20/31 (JPY)		195,350,000		1,416,954
1.700%, 09/20/32 (JPY)		125,600,000		912,945
1.700%, 09/20/33 (JPY)		497,200,000		3,620,670
2.100%, 06/20/29 (JPY)		452,350,000		3,319,494
Japan Government Two Year Bond 0.005%, 04/01/24 (JPY)		1,369,200,000		9,167,886
Kingdom of Belgium Government Bonds
0.900%, 06/22/29 (144A) (EUR)		2,970,000		2,775,883
1.600%, 06/22/47 (144A) (EUR)		1,488,123		1,020,668
2.600%, 06/22/24 (144A) (EUR)		1,391,195		1,458,574
4.250%, 03/28/41 (144A) (EUR)		1,164,123		1,296,839

BHFTI-18

Brighthouse Funds Trust I

AB Global Dynamic Allocation Portfolio

Consolidated Schedule of Investments as of September 30, 2023 (Unaudited)

Foreign Government—(Continued)

Security Description	Shares/ Principal Amount*		Value
Sovereign—(Continued)
Kingdom of Belgium Government Bonds
5.000%, 03/28/35 (144A) (EUR)		962,000	$	1,149,905
Mexico Bonos 10.000%, 11/20/36 (MXN)		43,967,100		2,532,318
Netherlands Government Bonds Zero Coupon, 07/15/31 (144A) (EUR)		2,119,039		1,770,834
Zero Coupon, 01/15/52 (144A) (EUR)		313,000		136,331
2.750%, 01/15/47 (144A) (EUR)		486,000		471,183
3.750%, 01/15/42 (144A) (EUR)		905,600		1,015,524
5.500%, 01/15/28 (144A) (EUR)		2,276,500		2,641,058
Norway Government Bonds 1.250%, 09/17/31 (144A) (NOK)		4,362,000		331,534
3.000%, 03/14/24 (144A) (NOK)		10,370,000		963,504
Republic of Austria Government Bonds Zero Coupon, 02/20/31 (144A) (EUR)		2,207,000		1,831,783
0.750%, 10/20/26 (144A) (EUR)		1,522,000		1,496,608
3.150%, 06/20/44 (144A) (EUR)		1,328,000		1,301,590
4.150%, 03/15/37 (144A) (EUR)		267,000		296,965
Republic of Poland Government Bond 5.750%, 04/25/29 (PLN)		6,492,000		1,510,895
Singapore Government Bonds 2.125%, 06/01/26 (SGD)		1,024,000		720,441
2.750%, 03/01/46 (SGD)		550,000		373,574
2.875%, 08/01/28 (SGD)		868,000		621,461
3.375%, 09/01/33 (SGD)		731,000		532,726
Spain Government Bonds 1.000%, 10/31/50 (144A) (EUR)		1,318,000		651,580
1.450%, 10/31/27 (144A) (EUR)		1,403,000		1,370,874
1.950%, 07/30/30 (144A) (EUR)		7,247,000		6,899,227
2.900%, 10/31/46 (144A) (EUR)		1,182,000		982,362
4.200%, 01/31/37 (144A) (EUR)		2,075,000		2,214,854
4.400%, 10/31/23 (144A) (EUR)		1,028,000		1,087,071
4.700%, 07/30/41 (144A) (EUR)		1,213,000		1,344,461
6.000%, 01/31/29 (EUR)		2,956,400		3,497,294
Sweden Government Bonds 1.000%, 11/12/26 (SEK)		15,990,000		1,367,888
1.500%, 11/13/23 (SEK)		3,330,000		303,998
United Kingdom Gilt 0.375%, 10/22/30 (GBP)		3,348,000		3,119,961
1.000%, 01/31/32 (GBP)		3,818,298		3,575,156
1.750%, 01/22/49 (GBP)		1,069,000		718,239
3.250%, 01/22/44 (GBP)		2,249,083		2,173,606
4.250%, 12/07/46 (GBP)		5,267,100		5,859,131
6.000%, 12/07/28 (GBP)		2,928,400		3,847,500
Total Foreign Government (Cost $341,364,276)				255,943,703
Preferred Stocks—0.1%
Automobiles—0.1%
Bayerische Motoren Werke AG		2,640		246,489
Dr. Ing HC F Porsche AG (144A)		5,201		489,163
Porsche Automobil Holding SE		7,031		346,602
Volkswagen AG		9,418		1,084,353
				2,166,607
Household Products—0.0%
Henkel AG & Co. KGaA		7,730		551,709
Life Sciences Tools & Services—0.0%
Sartorius AG		1,198		406,523
Total Preferred Stocks (Cost $3,900,073)				3,124,839
Mutual Funds—0.0%
Investment Company Securities—0.0%
iShares U.S. Real Estate ETF		2,743		214,338
Vanguard Global ex-U.S. Real Estate ETF		3,568		138,902
Total Mutual Funds (Cost $352,200)				353,240
Short-Term Investment—0.7%
U.S. Treasury—0.7%
U.S. Treasury Bill 4.983%, 10/24/23 (h)		17,419,200		17,363,034
Total Short-Term Investments (Cost $17,361,329)				17,363,034
Securities Lending Reinvestments (i)—4.5%
Certificates of Deposit—1.4%
Bank of America N.A. 5.700%, FEDEFF PRV + 0.370%, 11/17/23 (j)		2,000,000		2,000,270
Bank of Montreal 6.100%, SOFR + 0.790%, 11/08/23 (j)		4,000,000		4,002,572
Barclays Bank PLC 5.720%, SOFR + 0.400%, 02/14/24 (j)		3,000,000		3,000,216
BNP Paribas SA 5.760%, SOFR + 0.450%, 10/10/23 (j)		4,000,000		3,999,808
Canadian Imperial Bank of Commerce (NY) 5.710%, SOFR + 0.400%, 10/13/23 (j)		4,000,000		4,000,392
Credit Industriel et Commercial 5.510%, SOFR + 0.200%, 12/01/23 (j)		4,000,000		3,999,648
Mitsubishi UFJ Trust & Banking Corp. Zero Coupon, 10/20/23		500,000		498,450
Mizuho Bank Ltd. 5.610%, SOFR + 0.290%, 10/17/23 (j)		3,000,000		3,000,147
Oversea-Chinese Banking Corp. Ltd. 5.550%, SOFR + 0.230%, 11/13/23 (j)		3,000,000		3,000,438
Royal Bank of Canada 5.880%, FEDEFF PRV + 0.550%, 09/20/24 (j)		1,000,000		1,000,770
Sumitomo Mitsui Trust Bank Ltd. 5.580%, SOFR + 0.270%, 10/23/23 (j)		3,000,000		3,000,159
Svenska Handelsbanken AB 5.660%, SOFR + 0.340%, 10/31/23 (j)		2,000,000		2,000,210
Toronto-Dominion Bank 5.730%, FEDEFF PRV + 0.400%, 02/13/24 (j)		3,000,000		3,001,740
				36,504,820

BHFTI-19

Brighthouse Funds Trust I

AB Global Dynamic Allocation Portfolio

Consolidated Schedule of Investments as of September 30, 2023 (Unaudited)

Securities Lending Reinvestments (i)—(Continued)

Security Description	Principal Amount*		Value
Commercial Paper—0.4%
National Australia Bank Ltd. 5.660%, SOFR + 0.350%, 12/05/23 (j)		2,000,000	$	2,000,440
Skandinaviska Enskilda Banken AB 5.680%, SOFR + 0.360%, 11/15/23 (j)		3,000,000		3,000,810
UBS AG 5.600%, SOFR + 0.280%, 11/27/23 (j)		4,000,000		4,000,000
				9,001,250
Repurchase Agreements—2.4%
Citigroup Global Markets, Inc.
Repurchase Agreement dated 09/29/23 at 5.470%, due on 10/06/23 with a maturity value of $2,402,553; collateralized by U.S. Treasury Obligations with rates ranging from 0.250% - 5.403%, maturity dates ranging from 01/31/24 - 10/31/25, and various Common Stock with an aggregate market value of $2,448,059.		2,400,000		2,400,000
Repurchase Agreement dated 09/29/23 at 5.870%, due on 04/01/24 with a maturity value of $8,241,322; collateralized by U.S. Treasury Obligations with rates ranging from 2.000% - 2.875%, maturity dates ranging from 02/15/25 - 05/15/49, and various Common Stock with an aggregate market value of $8,503,770.		8,000,000		8,000,000
ING Financial Markets LLC
Repurchase Agreement dated 09/29/23 at 5.300%, due on 10/02/23 with a maturity value of $10,820,998; collateralized by U.S. Treasury Obligations with rates ranging from 0.000% - 4.500%, maturity dates ranging from 10/12/23 - 02/15/50, and an aggregate market value of $11,032,546.		10,816,221		10,816,221
National Bank Financial, Inc.
Repurchase Agreement dated 09/29/23 at 5.320%, due on 10/02/23 with a maturity value of $1,000,443; collateralized by U.S. Treasury Obligations with rates ranging from 0.625% - 3.875%, maturity dates ranging from 01/15/26 - 11/15/41, and an aggregate market value of $1,024,780.		1,000,000		1,000,000
National Bank of Canada
Repurchase Agreement dated 09/29/23 at 5.320%, due on 10/06/23 with a maturity value of $4,404,552; collateralized by U.S. Treasury Obligations with rates ranging from 0.000% - 4.000%, maturity dates ranging from 10/12/23 - 02/15/32, and an aggregate market value of $4,509,030.		4,400,000		4,400,000
Repurchase Agreement dated 09/29/23 at 5.450%, due on 10/06/23 with a maturity value of $20,021,194; collateralized by various Common Stock with an aggregate market value of $22,319,747.		20,000,000		20,000,000
Royal Bank of Canada Toronto Repurchase Agreement dated 09/29/23 at 5.590%, due on 11/03/23 with a maturity value of $5,027,174; collateralized by various Common Stock with an aggregate market value of $5,556,418.		5,000,000		5,000,000
Repurchase Agreements—(Continued)
Societe Generale Repurchase Agreement dated 09/29/23 at 5.420%, due on 10/02/23 with a maturity value of $600,271; collateralized by various Common Stock with an aggregate market value of $667,811.		600,000		600,000
TD Prime Services LLC Repurchase Agreement dated 09/29/23 at 5.420%, due on 10/02/23 with a maturity value of $9,004,065; collateralized by various Common Stock with an aggregate market value of $9,904,479.		9,000,000		9,000,000
				61,216,221
Time Deposit—0.1%
National Bank of Canada 5.370%, OBFR + 0.050%, 10/06/23 (j)		2,000,000		2,000,000
Mutual Funds—0.2%
Goldman Sachs Financial Square Government Fund, Institutional Shares 5.240% (k)	1,000,000		1,000,000
HSBC U.S. Government Money Market Fund, Class I 5.270% (k)	2,000,000		2,000,000
State Street Institutional U.S. Government Money Market Fund, Premier Class 5.290% (k)		2,000,000		2,000,000
				5,000,000
Total Securities Lending Reinvestments (Cost $113,714,829)				113,722,291
Total Investments—103.1% (Cost $2,438,568,222)				2,617,255,860
Other assets and liabilities (net)—(3.1)%				(78,833,438	)
Net Assets—100.0%			$	2,538,422,422

*	Principal amount stated in U.S. dollars unless otherwise noted.
(a)	Non-income producing security.
(b)	All or a portion of the security was held on loan. As of September 30, 2023, the market value of securities loaned was $115,674,242 and the collateral received consisted of cash in the amount of $113,709,105 and non-cash collateral with a value of $8,257,467. 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)	All or a portion of the security was pledged as collateral against open futures contracts. As of September 30, 2023, the market value of securities pledged was $45,937,092.
(d)	Security was valued in good faith under procedures subject to oversight by the Board of Trustees. As of September 30, 2023, these securities represent less than 0.05% of net assets.
(e)	Significant unobservable inputs were used in the valuation of this portfolio security; i.e. Level 3.

BHFTI-20

Brighthouse Funds Trust I

AB Global Dynamic Allocation Portfolio

Consolidated Schedule of Investments as of September 30, 2023 (Unaudited)

(f)	Affiliated Issuer.
(g)	All or a portion of the security was pledged as collateral against open centrally cleared swap contracts. As of September 30, 2023, the market value of securities pledged was $37,104,024.
(h)	The rate shown represents current yield to maturity.
(i)	Represents investment of cash collateral received from securities on loan as of September 30, 2023.
(j)	Variable or floating rate security. The stated rate represents the rate at September 30, 2023. 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.
(k)	The rate shown represents the annualized seven-day yield as of September 30, 2023.
(144A)	Securities exempt from registration under Rule 144A of the Securities Act of 1933. These securities may be resold in transactions exempt from registration, normally to qualified institutional buyers. As of September 30, 2023, the market value of 144A securities was $54,796,354, which is 2.2% of net assets.

Forward Foreign Currency Exchange Contracts

Contracts to Buy		Counterparty	Settlement Date		In Exchange for			Unrealized Appreciation/ (Depreciation)
AUD	9,566,958	GSBU		11/08/23		USD	6,172,783	$	(14,363	)
AUD	34,787,040	GSBU		11/08/23		USD	22,445,259		(52,226	)
CAD	16,156,064	MSIP		10/27/23		USD	11,929,903		(31,173	)
CHF	11,019,557	BOA		11/16/23		USD	12,343,399		(248,286	)
EUR	734,743	BOA		10/12/23		USD	788,419		(11,329	)
EUR	10,785,624	BOA		10/12/23		USD	11,703,944		(296,676	)
EUR	13,190,617	BOA		10/12/23		USD	14,313,705		(362,829	)
EUR	1,047,527	BBH		10/12/23		USD	1,119,918		(12,015	)
EUR	5,529,675	GSBU		10/12/23		USD	6,102,433		(254,047	)
EUR	1,169,222	HSBCU		10/12/23		USD	1,277,609		(40,997	)
EUR	741,792	MSIP		10/12/23		USD	779,661		4,886
EUR	25,771,334	MSIP		10/12/23		USD	28,419,596		(1,162,895	)
EUR	745,302	SSBT		10/12/23		USD	824,811		(36,552	)
EUR	816,875	SSBT		10/12/23		USD	890,078		(26,121	)
EUR	825,412	SSBT		10/12/23		USD	913,557		(40,571	)
EUR	1,407,105	SSBT		10/12/23		USD	1,490,336		(2,130	)
EUR	2,882,383	SSBT		10/12/23		USD	3,183,230		(134,717	)
GBP	5,591,278	BBP		11/17/23		USD	6,928,404		(104,727	)
GBP	17,594,459	JPMC		11/17/23		USD	21,925,863		(453,327	)
JPY	1,606,061,485	BNP		10/19/23		USD	10,939,500		(164,871	)
JPY	190,261,417	BBP		10/19/23		USD	1,318,742		(42,330	)
JPY	3,830,045,210	MSIP		10/19/23		USD	26,704,223		(1,009,494	)
NOK	69,899,859	BOA		12/07/23		USD	6,489,710		56,664
NZD	4,247,663	BBP		10/27/23		USD	2,523,707		22,141
NZD	8,998,342	BBP		10/27/23		USD	5,346,275		46,905
NZD	59,433,197	MSIP		10/27/23		USD	35,311,164		310,277
SEK	85,064,485	GSBU		12/07/23		USD	7,760,851		46,962
SEK	333,750,589	MSIP		12/07/23		USD	30,273,192		360,770
Contracts to Deliver
AUD	3,349,522	BNP		11/08/23		USD	2,151,575		(4,572	)
AUD	34,787,040	BOA		11/08/23		USD	22,223,393		(169,640	)
AUD	13,893,967	BOA		11/08/23		USD	8,876,038		(67,754	)
AUD	10,128,521	BOA		11/08/23		USD	6,563,687		43,778
AUD	9,566,958	BOA		11/08/23		USD	6,199,772		41,351
AUD	34,103,461	HSBCU		11/08/23		USD	22,072,817		119,816
AUD	630,529	SSBT		11/08/23		USD	408,718		2,835
CAD	4,813,642	BBP		10/27/23		USD	3,579,289		34,104
CAD	3,411,469	BBP		10/27/23		USD	2,536,672		24,170
CAD	12,744,595	GSBU		10/27/23		USD	9,345,881		(40,346	)
CAD	11,955,322	JPMC		10/27/23		USD	8,833,677		28,739
CAD	456,110	SSBT		10/27/23		USD	335,480		(439	)
CHF	49,523,973	BOA		11/16/23		USD	55,534,780		1,177,057
CHF	11,991,685	MSIP		11/16/23		USD	13,197,781		35,657
DKK	8,388,626	CBNA		12/07/23		USD	1,196,047		2,732

BHFTI-21

Brighthouse Funds Trust I

AB Global Dynamic Allocation Portfolio

Consolidated Schedule of Investments as of September 30, 2023 (Unaudited)

Forward Foreign Currency Exchange Contracts—(Continued)

Contracts to Deliver		Counterparty	Settlement Date		In Exchange for			Unrealized Appreciation/ (Depreciation)
EUR	27,144,639	JPMC		10/05/23		USD	29,938,501	$	1,237,510
EUR	40,373,676	BNP		10/12/23		USD	43,350,733		650,063
EUR	13,190,617	BNP		10/12/23		USD	14,163,261		212,384
EUR	4,066,267	BNP		10/12/23		USD	4,447,693		147,061
EUR	12,713,114	BBP		10/12/23		USD	13,591,336		145,483
EUR	6,218,960	DBAG		10/12/23		USD	6,598,661		21,262
EUR	31,301,009	MSIP		10/12/23		USD	34,454,717		1,349,630
EUR	25,001,887	MSIP		10/12/23		USD	27,423,855		980,948
EUR	6,719,357	MSIP		10/12/23		USD	7,396,360		289,724
EUR	1,641,249	MSIP		10/12/23		USD	1,783,555		47,710
EUR	28,004,194	SSBT		10/12/23		USD	30,750,742		1,132,486
EUR	1,959,009	SSBT		10/12/23		USD	2,129,317		57,398
EUR	1,016,751	SSBT		10/12/23		USD	1,120,303		44,950
EUR	27,144,639	ANZ		10/19/23		USD	29,955,846		1,238,387
EUR	27,144,639	SSBT		10/27/23		USD	29,980,482		1,253,531
GBP	15,828,525	CBNA		11/17/23		USD	19,736,937		419,572
GBP	2,916,105	GSBU		11/17/23		USD	3,553,662		(5,196	)
GBP	682,969	HSBCU		11/17/23		USD	846,755		13,250
JPY	3,756,660,532	JPMC		10/12/23		USD	26,179,560		1,005,276
JPY	4,548,988,304	BOA		10/19/23		USD	30,909,564		391,641
JPY	681,783,416	BBP		10/19/23		USD	4,596,046		22,147
JPY	3,756,660,532	MSIP		10/19/23		USD	26,192,563		990,152
JPY	19,411,792	SSBT		10/19/23		USD	133,997		3,769
JPY	145,799,291	UBSA		10/19/23		USD	978,236		109
JPY	3,756,660,532	CBNA		10/26/23		USD	26,223,536		992,934
MXN	48,302,949	BOA		11/16/23		USD	2,786,119		34,888
NOK	13,924,048	JPMC		12/07/23		USD	1,291,636		(12,401	)
NZD	8,998,342	BNP		10/27/23		USD	5,365,640		(27,539	)
NZD	4,099,128	BNP		10/27/23		USD	2,444,278		(12,545	)
NZD	15,586,921	BOA		10/27/23		USD	9,223,010		(119,052	)
NZD	43,846,276	BBP		10/27/23		USD	25,772,683		(506,697	)
NZD	4,247,663	BBP		10/27/23		USD	2,496,761		(49,087	)
PLN	5,470,906	CBNA		11/29/23		USD	1,282,083		31,631
SEK	18,754,590	BBP		12/07/23		USD	1,702,549		(18,878	)
SGD	2,125,567	BBP		11/16/23		USD	1,561,975		4,023
SGD	834,146	SSBT		11/16/23		USD	612,128		733
Net Unrealized Appreciation								$	9,541,674

Futures Contracts

Futures Contracts—Long	Expiration Date		Number of Contracts			Notional Value				Value/ Unrealized Appreciation/ (Depreciation)
Australian 10 Year Treasury Bond Futures		12/15/23		10			AUD	1,119,728		$	(18,524	)
Canada Government Bond 10 Year Futures		12/18/23		47			CAD	5,411,110			(80,145	)
MSCI EAFE Index Mini Futures		12/15/23		40			USD	4,083,000			(62,947	)
MSCI Singapore Index Futures		10/30/23		30			SGD	856,950			10,558
Russell 2000 Index E-Mini Futures		12/15/23		972			USD	87,411,960			(3,588,590	)
S&P 500 Index E-Mini Futures		12/15/23		3			USD	648,825			(24,822	)
S&P Midcap 400 Index E-Mini Futures		12/15/23		351			USD	88,466,040			(2,850,130	)
S&P TSX 60 Index Futures		12/14/23		37			CAD	8,704,620			(187,572	)
TOPIX Index Futures		12/07/23		11			JPY	255,585,000			(21,767	)
Futures Contracts—Short
Euro Stoxx 50 Index Futures		12/15/23		(382	)		EUR	(16,059,280	)		296,446
Euro-Bund Futures		12/07/23		(309	)		EUR	(39,749,760	)		822,534
FTSE 100 Index Futures		12/15/23		(88	)		GBP	(6,750,480	)		9,925
Hang Seng Index Futures		10/30/23		(6	)		HKD	(5,366,700	)		6,555

BHFTI-22

Brighthouse Funds Trust I

AB Global Dynamic Allocation Portfolio

Consolidated Schedule of Investments as of September 30, 2023 (Unaudited)

Futures Contracts—(Continued)

Futures Contracts—Long	Expiration Date		Number of Contracts			Notional Value				Value/ Unrealized Appreciation/ (Depreciation)
Japanese Government 10 Year Bond Futures		12/13/23		(53	)		JPY	(7,682,880,000	)	$	391,227
OMX Stockholm 30 Index Futures		10/20/23		(88	)		SEK	(19,008,000	)		20,924
SPI 200 Index Futures		12/21/23		(265	)		AUD	(46,944,750	)		671,010
United Kingdom Long Gilt Bond Futures		12/27/23		(49	)		GBP	(4,613,840	)		115,165
Net Unrealized Depreciation										$	(4,490,153	)

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

4.245%

Annually

09/27/33

USD

643,560,000

$

(1,390,476

)

$

—

$

(1,390,476

)

Centrally Cleared Credit Default Swaps on Credit Indices — Sell Protection (a)

Reference Obligation	Fixed Deal Receive Rate	Payment Frequency	Maturity Date		Implied Credit Spread at September 30, 2023 (b)			Notional Amount (c)			Market Value		Upfront Premiums Paid/(Received)		Unrealized Appreciation/ (Depreciation)
CDX.NA.HY.41.V1	5.000%	Quarterly		12/20/28		4.781	%		USD	50,500,000	$	410,711	$	434,104	$	(23,393	)

OTC Total Return Swaps

Pay/Receive Fixed Rate	Fixed Rate	Payment Frequency		Maturity Date	Counterparty	Underlying Reference Instrument	Notional Amount			Market Value			Upfront Premium Paid/(Received)		Unrealized Appreciation/ (Depreciation)(1)
Pay	0.100%		Maturity	12/15/23	MLI	Bloomberg Commodity Index		USD	55,936,850	$	(1,573,628	)	$	—	$	(1,573,628	)
Receive	0.000%		Maturity	12/15/23	MSC	Swiss Market Index Futures		CHF	1,758,832		(1,625	)		—		(1,625	)
Receive	0.000%		Maturity	12/15/23	MSC	Swiss Market Index Futures		CHF	2,321,980		12,629			—		12,629
Totals										$	(1,562,624	)	$	—	$	(1,562,624	)

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

BHFTI-23

Brighthouse Funds Trust I

AB Global Dynamic Allocation Portfolio

Consolidated Schedule of Investments as of September 30, 2023 (Unaudited)

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.
(MLI)—	Merrill Lynch International
(MSC)—	Morgan Stanley & Co.
(MSIP)—	Morgan Stanley & Co. International PLC
(SSBT)—	State Street Bank and Trust
(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

(CDX.NA.HY)—	Markit North America High Yield CDS Index
(FEDEFF PRV)—	Effective Federal Funds Rate
(OBFR)—	U.S. Overnight Bank Funding Rate
(SOFR)—	Secured Overnight Financing Rate

Other Abbreviations

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

BHFTI-24

Brighthouse Funds Trust I

AB Global Dynamic Allocation Portfolio

Consolidated Schedule of Investments as of September 30, 2023 (Unaudited)

Fair Value Hierarchy

Accounting principles generally accepted in the United States of America (“GAAP”) define fair market value as the price that the Portfolio would receive to sell an asset or pay to transfer a liability in an orderly transaction between market participants at the measurement date. It establishes a fair value hierarchy that prioritizes inputs to valuation methods and requires disclosure of the fair value hierarchy, separately for each major category of assets and liabilities, that segregates fair value measurements into three levels. Levels 1, 2 and 3 of the fair value hierarchy are defined as follows:

Level 1 - unadjusted quoted prices in active markets for identical investments

Level 2 - other significant observable inputs (including, but not limited to, quoted prices for similar assets or liabilities in markets that are either active or inactive; inputs other than quoted prices that are observable such as interest rates, yield curves, volatilities, prepayment speeds, loss severities, credit risks, default rates, or other market corroborated inputs)

Level 3 - significant unobservable inputs based on the best information available in the circumstances, to the extent observable

inputs are unavailable (including the Portfolio’s own assumptions used in determining the fair value of investments and derivative financial instruments)

The inputs or methodologies used for valuing investments are not necessarily an indication of the risk associated with investing in them. Changes to the inputs or methodologies used may result in transfers between levels. A reconciliation of Level 3 securities, if any, will be disclosed following the fair value hierarchy table. For more information about the Portfolio’s policy regarding the valuation of investments, please refer to the Notes to Schedule of Investments.

The following table summarizes the fair value hierarchy of the Portfolio’s investments as of September 30, 2023:

Description	Level 1		Level 2		Level 3		Total
Common Stocks
Aerospace & Defense	$	9,670,963	$	11,749,785	$	—	$	21,420,748
Air Freight & Logistics		3,515,795		3,989,332		—		7,505,127
Automobile Components		653,587		4,549,136		—		5,202,723
Automobiles		13,731,727		21,979,709		—		35,711,436
Banks		18,900,742		67,736,330		—		86,637,072
Beverages		10,823,348		12,309,794		—		23,133,142
Biotechnology		13,292,072		6,216,618		—		19,508,690
Broadline Retail		20,899,500		4,952,296		—		25,851,796
Building Products		2,766,714		6,711,684		—		9,478,398
Capital Markets		17,985,903		18,420,325		—		36,406,228
Chemicals		10,584,326		20,256,345		—		30,840,671
Commercial Services & Supplies		3,035,017		2,794,003		—		5,829,020
Communications Equipment		5,756,741		1,568,659		—		7,325,400
Construction & Engineering		474,971		5,659,760		—		6,134,731
Construction Materials		913,223		4,393,943		—		5,307,166
Consumer Finance		2,767,678		—		—		2,767,678
Consumer Staples Distribution & Retail		11,437,636		8,593,446		—		20,031,082
Containers & Packaging		1,466,993		739,284		—		2,206,277
Distributors		829,471		165,536		—		995,007
Diversified Consumer Services		—		462,128		—		462,128
Diversified REITs		2,197,850		7,102,708		—		9,300,558
Diversified Telecommunication Services		4,260,974		11,987,393		—		16,248,367
Electric Utilities		9,994,323		12,117,767		—		22,112,090
Electrical Equipment		3,742,668		11,837,845		—		15,580,513
Electronic Equipment, Instruments & Components		3,629,705		9,067,302		—		12,697,007
Energy Equipment & Services		2,709,243		340,781		—		3,050,024
Entertainment		8,958,933		4,320,526		—		13,279,459
Financial Services		27,344,737		7,081,569		—		34,426,306
Food Products		6,169,715		21,125,630		—		27,295,345
Gas Utilities		275,100		2,127,393		—		2,402,493
Ground Transportation		5,240,303		4,135,199		—		9,375,502
Health Care Equipment & Supplies		16,247,375		13,299,227		—		29,546,602
Health Care Providers & Services		18,942,967		1,985,363		0		20,928,330
Health Care REITs		9,829,143		1,018,837		—		10,847,980
Health Care Technology		—		365,866		—		365,866
Hotel & Resort REITs		3,008,069		819,626		—		3,827,695
Hotels, Restaurants & Leisure		13,480,029		11,778,404		—		25,258,433
Household Durables		2,181,447		7,959,389		—		10,140,836
Household Products		8,434,612		3,868,604		—		12,303,216
Independent Power and Renewable Electricity Producers		178,007		1,562,851		—		1,740,858

BHFTI-25

Brighthouse Funds Trust I

AB Global Dynamic Allocation Portfolio

Consolidated Schedule of Investments as of September 30, 2023 (Unaudited)

Fair Value Hierarchy—(Continued)

Description	Level 1			Level 2			Level 3		Total
Industrial Conglomerates	$	5,153,327		$	10,198,767		$	—	$	15,352,094
Industrial REITs		15,585,799			8,238,865			—		23,824,664
Insurance		13,657,029			34,638,216			—		48,295,245
Interactive Media & Services		37,079,639			1,494,136			—		38,573,775
IT Services		7,859,624			4,950,566			—		12,810,190
Leisure Products		150,865			1,211,753			—		1,362,618
Life Sciences Tools & Services		9,781,983			2,764,667			—		12,546,650
Machinery		11,237,793			20,104,223			—		31,342,016
Marine Transportation		—			2,675,450			—		2,675,450
Media		4,914,461			2,530,547			—		7,445,008
Metals & Mining		2,420,622			22,584,944			—		25,005,566
Multi-Utilities		4,307,247			6,027,780			—		10,335,027
Office REITs		5,175,192			5,447,904			—		10,623,096
Oil, Gas & Consumable Fuels		26,810,838			31,739,335			—		58,550,173
Paper & Forest Products		—			2,242,322			—		2,242,322
Passenger Airlines		1,169,865			944,211			—		2,114,076
Personal Care Products		1,191,381			13,524,338			—		14,715,719
Pharmaceuticals		26,365,771			64,247,389			—		90,613,160
Professional Services		4,809,851			10,724,818			—		15,534,669
Real Estate Management & Development		1,330,319			25,343,059			—		26,673,378
Residential REITs		17,402,645			1,577,682			33,790		19,014,117
Retail REITs		15,539,104			8,888,945			—		24,428,049
Semiconductors & Semiconductor Equipment		46,575,728			21,992,603			—		68,568,331
Software		64,519,171			9,910,607			—		74,429,778
Specialized REITs		26,784,556			805,835			—		27,590,391
Specialty Retail		12,968,112			5,538,886			—		18,506,998
Technology Hardware, Storage & Peripherals		45,545,608			3,197,522			—		48,743,130
Textiles, Apparel & Luxury Goods		2,349,415			20,003,011			—		22,352,426
Tobacco		3,818,653			5,107,978			—		8,926,631
Trading Companies & Distributors		2,056,980			12,230,391			—		14,287,371
Transportation Infrastructure		—			2,349,631			—		2,349,631
Water Utilities		421,641			691,078			—		1,112,719
Wireless Telecommunication Services		1,267,873			6,730,803			—		7,998,676
Total Common Stocks		714,582,699			707,808,655			33,790		1,422,425,144
Total U.S. Treasury & Government Agencies*		—			804,323,609			—		804,323,609
Total Foreign Government*		—			255,943,703			—		255,943,703
Total Preferred Stocks*		—			3,124,839			—		3,124,839
Total Mutual Funds*		353,240			—			—		353,240
Total Short-Term Investment*		—			17,363,034			—		17,363,034
Securities Lending Reinvestments
Certificates of Deposit		—			36,504,820			—		36,504,820
Commercial Paper		—			9,001,250			—		9,001,250
Repurchase Agreements		—			61,216,221			—		61,216,221
Time Deposit		—			2,000,000			—		2,000,000
Mutual Funds		5,000,000			—			—		5,000,000
Total Securities Lending Reinvestments		5,000,000			108,722,291			—		113,722,291
Total Investments	$	719,935,939		$	1,897,286,131		$	33,790	$	2,617,255,860
Collateral for Securities Loaned (Liability)	$	—		$	(113,709,105	)	$	—	$	(113,709,105	)
Forward Contracts
Forward Foreign Currency Exchange Contracts (Unrealized Appreciation)	$	—		$	15,077,496		$	—	$	15,077,496
Forward Foreign Currency Exchange Contracts (Unrealized Depreciation)		—			(5,535,822	)		—		(5,535,822	)
Total Forward Contracts	$	—		$	9,541,674		$	—	$	9,541,674
Futures Contracts
Futures Contracts (Unrealized Appreciation)	$	2,344,344		$	—		$	—	$	2,344,344
Futures Contracts (Unrealized Depreciation)		(6,834,497	)		—			—		(6,834,497	)

BHFTI-26

Brighthouse Funds Trust I

AB Global Dynamic Allocation Portfolio

Consolidated Schedule of Investments as of September 30, 2023 (Unaudited)

Fair Value Hierarchy—(Continued)

Description	Level 1			Level 2			Level 3		Total
Total Futures Contracts	$	(4,490,153	)	$	—		$	—	$	(4,490,153	)
Centrally Cleared Swap Contracts
Centrally Cleared Swap Contracts (Unrealized Depreciation)	$	—		$	(1,413,869	)	$	—	$	(1,413,869	)
OTC Swap Contracts
OTC Swap Contracts at Value (Assets)	$	—		$	12,629		$	—	$	12,629
OTC Swap Contracts at Value (Liabilities)		—			(1,575,253	)		—		(1,575,253	)
Total OTC Swap Contracts	$	—		$	(1,562,624	)	$	—	$	(1,562,624	)

* See Consolidated Schedule of Investments for additional detailed categorizations.

Level 3 investments at the beginning and/or end of the period in relation to net assets were not significant and accordingly, a reconciliation of Level 3 assets for the period ended September 30, 2023 is not presented.

During the period ended September 30, 2023, a transfer into Level 3 in the amount of $33,557 was due to a trading halt on the security which resulted in the lack of observable inputs.

BHFTI-27

Brighthouse Funds Trust I

AB International Bond Portfolio

Schedule of Investments as of September 30, 2023 (Unaudited)

Foreign Government—58.2% of Net Assets

Security Description	Principal Amount*		Value
Banks—1.7%
Bank Gospodarstwa Krajowego
5.375%, 05/22/33 (144A)		552,000	$	520,260
BNG Bank NV
0.750%, 01/24/29 (EUR)		651,000		600,444
3.500%, 07/19/27 (AUD)		2,491,000		1,531,335
Development Bank of Japan, Inc.
0.010%, 10/15/24 (EUR)		1,388,000		1,406,745
Export-Import Bank of Korea
0.829%, 04/27/25 (EUR)		705,000		707,706
Korea Housing Finance Corp.
3.714%, 04/11/27 (144A) (EUR)		680,000		710,698
Kreditanstalt fuer Wiederaufbau
4.100%, 02/20/26 (AUD)		2,360,000		1,501,869
Magyar Export-Import Bank Zrt
6.125%, 12/04/27 (144A)		856,000		841,448
Turkiye Ihracat Kredi Bankasi AS
9.375%, 01/31/26		723,000		734,367
				8,554,872
Electric—0.2%
Chile Electricity Lux MPC Sarl
6.010%, 01/20/33 (144A)		1,066,000		1,060,670
Regional Government—0.6%
Japan Finance Organization for Municipalities
0.050%, 02/12/27 (EUR)		1,822,000		1,704,071
Province of Quebec
0.875%, 05/04/27 (EUR)		1,239,000		1,191,594
3.650%, 05/20/32 (CAD)		619,000		421,002
				3,316,667
Sovereign—55.4%
Abu Dhabi Government International Bond
3.125%, 09/30/49		2,340,000		1,518,520
Angola Government International Bonds
8.000%, 11/26/29		2,966,000		2,437,121
8.250%, 05/09/28		1,012,000		874,931
9.125%, 11/26/49 (144A)		200,000		143,000
9.125%, 11/26/49		562,000		401,830
Argentina Government International Bonds
0.750%, 07/09/30 (a)		5,179,390		1,472,667
1.000%, 07/09/29		1,532,610		425,301
3.625%, 07/09/35 (a)		6,717,329		1,656,866
4.250%, 01/09/38 (a)		1,965,508		575,657
Australia Government Bonds
3.000%, 11/21/33 (AUD)		3,989,000		2,255,336
3.000%, 03/21/47 (AUD)		1,419,000		676,050
Bahrain Government International Bonds
6.000%, 09/19/44		1,084,000		833,325
6.250%, 01/25/51		1,740,000		1,328,438
7.750%, 04/18/35 (144A)		484,000		483,095
Brazil Government International Bond
6.000%, 04/07/26		1,145,000		1,160,984
Sovereign—(Continued)
Brazil Notas do Tesouro Nacional
10.000%, 01/01/27 (BRL)		11,823,000		2,297,867
10.000%, 01/01/31 (BRL)		11,757,000		2,175,652
Bundesrepublik Deutschland Bundesanleihe
Zero Coupon, 08/15/50 (EUR)		585,162		283,462
1.000%, 05/15/38 (EUR)		2,000,000		1,620,498
1.800%, 08/15/53 (EUR)		3,652,252		2,942,576
3.250%, 07/04/42 (EUR)		2,022,295		2,203,497
Caisse Francaise de Financement Local
0.010%, 02/22/28 (EUR)		800,000		722,246
0.750%, 01/11/27 (EUR)		400,000		385,130
Canada Government Bond
2.250%, 12/01/29 (CAD)		5,047,000		3,351,513
Canada Government Real Return Bond
4.000%, 12/01/31 (CAD) (c)		2,426,853		2,013,792
Canada Housing Trust No. 1
3.950%, 06/15/28 (144A) (CAD)		1,905,000		1,367,224
Chile Government International Bonds
2.750%, 01/31/27 (d)		535,000		491,050
4.125%, 07/05/34 (EUR)		650,000		651,134
5.330%, 01/05/54 (d)		1,388,000		1,238,170
China Government Bonds
2.640%, 01/15/28 (CNY)		91,110,000		12,511,508
2.750%, 06/15/29 (CNY)		7,230,000		994,052
2.800%, 11/15/32 (CNY)		37,570,000		5,161,508
3.120%, 10/25/52 (CNY)		35,190,000		4,873,591
Colombia Government International Bonds
3.125%, 04/15/31		2,234,000		1,650,604
3.250%, 04/22/32		1,701,000		1,220,711
3.875%, 02/15/61		848,000		438,350
4.125%, 02/22/42		382,000		230,412
7.500%, 02/02/34		1,685,000		1,591,011
8.000%, 04/20/33		1,525,000		1,505,759
Costa Rica Government International Bond
6.550%, 04/03/34 (144A)		943,000		916,330
Dominican Republic International Bonds
4.875%, 09/23/32		1,420,000		1,151,740
5.300%, 01/21/41 (d)		881,000		645,534
5.500%, 02/22/29 (144A) (d)		1,383,000		1,263,946
5.875%, 01/30/60		1,020,000		728,618
6.500%, 02/15/48		507,000		409,126
8.625%, 04/20/27		691,000		710,905
11.250%, 09/15/35 (144A) (DOP)		124,000,000		2,230,053
Ecuador Government International Bonds
3.500%, 07/31/35 (144A) (a)		4,020,847		1,487,277
3.500%, 07/31/35 (a)		478,709		177,070
6.000%, 07/31/30 (144A) (a)		1,531,485		778,608
Egypt Government International Bonds
3.875%, 02/16/26 (144A)		1,031,000		731,024
5.250%, 10/06/25		520,000		399,000
5.800%, 09/30/27		1,095,000		718,351
7.053%, 01/15/32		754,000		432,166
7.500%, 02/16/61 (144A)		219,000		110,161
8.500%, 01/31/47		2,058,000		1,093,168
8.700%, 03/01/49		658,000		350,747

BHFTI-28

Brighthouse Funds Trust I

AB International Bond Portfolio

Schedule of Investments as of September 30, 2023 (Unaudited)

Foreign Government—(Continued)

Security Description	Principal Amount*		Value
Sovereign—(Continued)
El Salvador Government International Bonds
6.375%, 01/18/27		2,494,000	$	2,028,063
8.625%, 02/28/29		1,540,000		1,255,689
Finland Government Bonds
Zero Coupon, 09/15/30 (144A) (EUR)		2,323,000		1,962,711
2.875%, 04/15/29 (144A) (EUR)		5,719,000		5,932,015
French Republic Government Bond OAT
0.500%, 05/25/40 (144A) (EUR)		3,637,000		2,325,550
Gabon Government International Bond
6.625%, 02/06/31		523,000		387,674
Ghana Government International Bonds
7.625%, 05/16/29		490,000		216,257
7.875%, 02/11/35 (144A)		1,046,000		463,905
8.627%, 06/16/49		1,125,000		475,407
8.750%, 03/11/61 (144A)		233,000		98,626
8.950%, 03/26/51		2,508,000		1,062,314
Guatemala Government Bonds
4.375%, 06/05/27 (d)		3,123,000		2,877,412
4.900%, 06/01/30		1,620,000		1,468,090
6.125%, 06/01/50		775,000		666,293
Hungary Government International Bonds
2.125%, 09/22/31		4,037,000		2,971,757
5.250%, 06/16/29 (144A)		498,000		474,957
5.500%, 06/16/34 (144A)		1,000,000		911,000
5.500%, 06/16/34		955,000		870,005
6.750%, 09/25/52 (144A)		593,000		562,105
Indonesia Government International Bonds
1.000%, 07/28/29 (EUR)		520,000		451,070
2.850%, 02/14/30		1,163,000		988,815
4.125%, 01/15/25		555,000		545,613
4.200%, 10/15/50		648,000		496,142
4.300%, 03/31/52		359,000		276,870
Indonesia Treasury Bonds
6.500%, 02/15/31 (IDR)		18,816,000,000		1,193,668
7.250%, 02/15/26 (IDR)		36,206,000,000		2,387,277
Italy Buoni Poliennali Del Tesoro
2.800%, 06/15/29 (EUR)		869,000		851,740
4.000%, 10/30/31 (144A) (EUR)		3,874,000		3,964,344
4.000%, 04/30/35 (144A) (EUR)		2,700,000		2,653,975
4.400%, 05/01/33 (EUR)		3,390,000		3,517,163
Ivory Coast Government International Bond
6.375%, 03/03/28		1,281,000		1,194,532
Jamaica Government International Bonds
7.625%, 07/09/25		380,002		384,027
7.875%, 07/28/45 (d)		573,000		630,292
Japan Government Five Year Bond
0.005%, 09/20/26 (JPY)		529,800,000		3,533,891
Japan Government Thirty Year Bonds
0.400%, 12/20/49 (JPY)		264,800,000		1,314,804
0.600%, 09/20/50 (JPY)		490,100,000		2,545,083
Japan Government Twenty Year Bonds
0.500%, 09/20/36 (JPY)		1,892,500,000		11,867,257
1.400%, 12/20/42 (JPY)		569,150,000		3,796,783
1.700%, 09/20/32 (JPY)		39,600,000		287,839
Jordan Government International Bonds
7.375%, 10/10/47		1,570,000		1,292,424
7.500%, 01/13/29 (144A)		1,196,000		1,166,545
Sovereign—(Continued)
Kingdom of Belgium Government Bond
1.450%, 06/22/37 (144A) (EUR)		2,803,000		2,254,052
Korea Treasury Bonds
1.375%, 12/10/29 (KRW)		6,303,790,000		4,017,795
2.375%, 03/10/27 (KRW)		8,626,690,000		6,080,665
3.125%, 06/10/25 (KRW)		10,919,100,000		7,999,577
3.125%, 09/10/27 (KRW)		7,745,670,000		5,576,045
Lebanon Government International Bonds
6.000%, 01/27/23 (e)		6,653,000		532,213
6.200%, 02/26/25 (e)		461,000		36,501
6.650%, 11/03/28 (e)		2,006,000		158,835
Malaysia Government Bond
4.498%, 04/15/30 (MYR)		9,553,000		2,105,373
Mexico Bonos
8.000%, 11/07/47 (MXN)		16,536,400		780,302
8.000%, 07/31/53 (MXN)		91,116,700		4,265,480
8.500%, 05/31/29 (MXN)		30,030,000		1,610,756
Mexico Government International Bond
3.771%, 05/24/61		4,535,000		2,657,290
Morocco Government International Bonds
2.375%, 12/15/27		1,143,000		981,791
6.500%, 09/08/33 (144A)		416,000		407,680
Nigeria Government International Bonds
6.125%, 09/28/28 (144A)		472,000		375,240
6.125%, 09/28/28		3,696,000		2,938,320
6.500%, 11/28/27		392,000		326,293
7.143%, 02/23/30		1,033,000		813,628
7.375%, 09/28/33 (144A)		558,000		411,670
7.375%, 09/28/33		1,869,000		1,378,873
Oman Government International Bonds
4.875%, 02/01/25		709,000		696,090
5.625%, 01/17/28		1,215,000		1,182,802
6.250%, 01/25/31		490,000		483,282
Pakistan Government International Bond
8.875%, 04/08/51		687,000		316,020
Panama Bonos del Tesoro
3.362%, 06/30/31		689,000		571,181
Panama Government International Bonds
2.252%, 09/29/32 (d)		970,000		701,076
3.870%, 07/23/60		2,167,000		1,250,869
6.400%, 02/14/35 (d)		2,153,000		2,084,172
6.700%, 01/26/36		390,000		384,976
6.853%, 03/28/54		1,492,000		1,385,423
6.875%, 01/31/36		543,000		543,111
Panama Notas del Tesoro
3.750%, 04/17/26		1,775,000		1,613,848
Paraguay Government International Bonds
3.849%, 06/28/33 (144A)		209,000		171,336
3.849%, 06/28/33		690,000		565,653
4.950%, 04/28/31 (144A)		650,000		600,661
4.950%, 04/28/31		460,000		425,083
Perusahaan Penerbit SBSN Indonesia III
4.150%, 03/29/27		570,000		545,753
Peruvian Government International Bond
3.000%, 01/15/34 (d)		495,000		381,180

BHFTI-29

Brighthouse Funds Trust I

AB International Bond Portfolio

Schedule of Investments as of September 30, 2023 (Unaudited)

Foreign Government—(Continued)

Security Description	Principal Amount*		Value
Sovereign—(Continued)
Philippines Government International Bonds
3.200%, 07/06/46		1,794,000	$	1,177,143
3.229%, 03/29/27		292,000		272,623
3.556%, 09/29/32		1,465,000		1,260,310
3.750%, 01/14/29		364,000		336,257
4.200%, 03/29/47		630,000		487,615
5.500%, 03/30/26 (d)		288,000		288,104
Qatar Government International Bonds
4.400%, 04/16/50 (144A)		1,538,000		1,252,824
4.400%, 04/16/50		1,580,000		1,287,036
4.500%, 04/23/28		678,000		666,135
4.817%, 03/14/49		980,000		849,533
5.103%, 04/23/48		200,000		180,938
Republic of Austria Government Bonds
Zero Coupon, 02/20/30 (144A) (EUR)		592,000		509,276
0.900%, 02/20/32 (144A) (EUR)		6,325,000		5,494,261
2.900%, 05/23/29 (144A) (EUR)		2,272,000		2,363,610
2.900%, 02/20/33 (144A) (EUR)		1,195,000		1,210,057
Republic of Azerbaijan International Bond
3.500%, 09/01/32		1,030,000		836,966
Republic of Kenya Government International Bonds
6.300%, 01/23/34		1,146,000		760,001
7.000%, 05/22/27		2,006,000		1,695,070
7.250%, 02/28/28		1,233,000		990,084
Republic of Poland Government International Bonds
4.875%, 10/04/33 (d)		1,147,000		1,066,710
5.500%, 04/04/53		424,000		383,211
Republic of South Africa Government Bonds
8.000%, 01/31/30 (ZAR)		23,153,995		1,066,854
8.875%, 02/28/35 (ZAR)		19,024,727		791,786
Republic of South Africa Government International Bonds
4.850%, 09/30/29		1,011,000		865,669
5.650%, 09/27/47		826,000		547,795
5.750%, 09/30/49		1,995,000		1,316,800
5.875%, 04/20/32		745,000		633,250
Romania Government International Bonds
3.000%, 02/14/31		800,000		642,864
3.625%, 03/27/32 (144A)		794,000		644,331
3.625%, 03/27/32		558,000		452,817
4.000%, 02/14/51		868,000		552,135
5.250%, 11/25/27 (144A)		1,010,000		982,164
5.250%, 11/25/27		1,150,000		1,118,306
6.000%, 05/25/34		822,000		772,557
6.625%, 09/27/29 (144A) (EUR)		365,000		396,616
Saudi Government International Bonds
2.250%, 02/02/33		2,595,000		1,986,929
3.250%, 10/22/30 (144A)		689,000		602,875
3.450%, 02/02/61		2,147,000		1,312,294
5.250%, 01/16/50		1,842,000		1,599,228
Senegal Government International Bonds
4.750%, 03/13/28 (EUR)		740,000		665,480
6.250%, 05/23/33		651,000		521,008
6.750%, 03/13/48		274,000		183,320
Serbia International Bonds
6.500%, 09/26/33 (144A)		262,000		249,038
6.500%, 09/26/33		1,925,000		1,829,766
Sovereign—(Continued)
Spain Government Bonds
3.450%, 07/30/43 (144A) (EUR)		2,034,000		1,884,669
3.900%, 07/30/39 (144A) (EUR)		2,480,000		2,507,844
Sri Lanka Government International Bonds
6.200%, 05/11/27		1,023,000		471,388
6.850%, 11/03/25		1,370,000		652,629
7.550%, 03/28/30		1,344,000		619,273
7.850%, 03/14/29		523,000		242,276
Sweden Bond Inflation-Linked
0.125%, 12/01/27 (SEK) (c)		6,330,000		701,003
Thailand Government Bond
3.350%, 06/17/33 (THB)		54,975,000		1,523,581
Turkey Government International Bonds
4.875%, 10/09/26		1,455,000		1,332,576
4.875%, 04/16/43		1,708,000		1,079,695
5.250%, 03/13/30		1,715,000		1,424,942
5.875%, 06/26/31		757,000		634,782
6.125%, 10/24/28		1,008,000		917,774
Ukraine Government International Bonds
6.750%, 06/20/28 (144A) (EUR)		442,000		119,322
6.876%, 05/21/31		1,096,000		286,352
7.375%, 09/25/34		1,234,000		324,246
7.750%, 09/01/26		4,290,000		1,269,597
7.750%, 09/01/29		1,548,000		441,889
United Kingdom Gilt
0.125%, 01/31/28 (GBP)		4,284,000		4,368,441
0.875%, 01/31/46 (GBP)		2,490,000		1,401,363
1.250%, 10/22/41 (GBP)		3,510,641		2,465,915
1.500%, 07/31/53 (GBP)		1,200,098		697,769
1.750%, 09/07/37 (GBP)		2,428,769		2,083,549
3.750%, 01/29/38 (GBP)		1,661,690		1,823,651
Uruguay Government International Bonds
4.375%, 01/23/31		676,097		646,332
4.975%, 04/20/55		857,005		740,852
7.875%, 01/15/33 (f)		535,000		621,956
Zambia Government International Bond
8.970%, 07/30/27		1,123,000		608,599
				289,453,052
Transportation—0.3%
SNCF Reseau
1.125%, 05/25/30 (EUR)		1,500,000		1,356,542
Total Foreign Government (Cost $357,453,903)				303,741,803
Corporate Bonds & Notes—30.0%
Advertising—0.1%
Interpublic Group of Cos., Inc.
5.375%, 06/15/33 (d)		488,000		455,698
Aerospace/Defense—0.1%
Embraer Netherlands Finance BV
7.000%, 07/28/30 (144A)		616,000		611,045

BHFTI-30

Brighthouse Funds Trust I

AB International Bond Portfolio

Schedule of Investments as of September 30, 2023 (Unaudited)

Corporate Bonds & Notes—(Continued)

Security Description	Principal Amount*		Value
Agriculture—0.2%
Altria Group, Inc.
3.125%, 06/15/31 (EUR)		860,000	$	772,735
BAT International Finance PLC
6.000%, 11/24/34 (GBP)		305,000		334,685
				1,107,420
Apparel—0.2%
VF Corp.
4.250%, 03/07/29 (EUR)		811,000		828,363
Auto Manufacturers—0.4%
Harley-Davidson Financial Services, Inc.
3.050%, 02/14/27 (144A)		330,000		294,763
Volkswagen International Finance NV
0.875%, 09/22/28 (EUR)		800,000		708,095
1.875%, 03/30/27 (EUR)		400,000		386,362
3.748%, 5Y EUR Swap + 2.924%, 12/28/27 (EUR) (b)		400,000		363,783
3.875%, 10Y EUR Swap + 3.370%, 06/14/27 (EUR) (b)		100,000		93,281
				1,846,284
Auto Parts & Equipment—0.1%
Iochpe-Maxion Austria GmbH/Maxion Wheels de Mexico S de Real de CV
5.000%, 05/07/28		280,000		241,150
ZF Finance GmbH
2.000%, 05/06/27 (EUR)		200,000		185,019
				426,169
Banks—6.8%
AIB Group PLC
2.250%, 1Y EUR Swap + 1.300%, 04/04/28 (EUR) (b)		885,000		856,211
Australia & New Zealand Banking Group Ltd.
0.250%, 03/17/25 (EUR)		1,045,000		1,046,673
Banco Nacional de Panama
2.500%, 08/11/30		1,055,000		817,766
Banco Santander SA
3.125%, 1Y UKG + 1.800%, 10/06/26 (GBP) (b)		300,000		341,729
6.921%, 08/08/33		400,000		382,194
Bank Hapoalim BM
3.255%, 5Y H15 + 2.155%, 01/21/32 (144A) (b)		312,000		265,976
Bank Leumi Le-Israel BM
7.129%, 5Y H15 + 3.466%, 07/18/33 (144A) (b)		365,000		358,147
Bank of America Corp.
1.776%, 3M EURIBOR + 1.200%, 05/04/27 (EUR) (b)		1,189,000		1,177,510
8.806%, 3M TSFR + 3.397%, 10/30/23 (b)		161,000		161,067
Bank of East Asia Ltd.
6.750%, 1Y H15 + 2.100%, 03/15/27 (b)		260,000		256,385
Bank of Montreal
0.125%, 01/26/27 (EUR)		640,000		598,728
1.000%, 04/05/26 (EUR)		619,000		609,166
Bank of Nova Scotia
0.010%, 01/14/27 (EUR)		1,565,000		1,461,128
0.450%, 03/16/26 (EUR)		246,000		239,059
Banque Federative du Credit Mutuel SA
3.875%, 5Y EUR Swap + 2.200%, 06/16/32 (EUR) (b)		700,000		697,975
Banks—(Continued)
Barclays PLC
6.125%, 5Y H15 + 5.867%, 12/15/25 (b)		716,000		648,301
Cie de Financement Foncier SA
0.375%, 04/09/27 (EUR)		1,200,000		1,132,147
Citigroup, Inc.
7.625%, 5Y H15 + 3.211%, 11/15/28 (b)		137,000		133,657
9.699%, 3M TSFR + 4.330%, 10/30/23 (b)		200,000		199,618
Commonwealth Bank of Australia
0.125%, 10/15/29 (EUR)		1,015,000		862,033
0.750%, 02/28/28 (EUR)		235,000		217,926
Cooperatieve Rabobank UA
4.625%, 05/23/29 (GBP)		625,000		692,443
Deutsche Bank AG
1.875%, 3M EURIBOR + 1.380%, 02/23/28 (EUR) (b)		100,000		94,397
4.000%, SONIA + 1.939%, 06/24/26 (GBP) (b)		700,000		811,110
DNB Boligkreditt AS
0.250%, 09/07/26 (EUR)		1,314,000		1,256,472
0.625%, 06/19/25 (EUR)		433,000		433,267
Goldman Sachs Group, Inc.
0.875%, 05/09/29 (EUR)		975,000		842,406
8.501%, 3M TSFR + 3.136%, 10/30/23 (b)		202,000		201,065
HSBC Holdings PLC
4.600%, 5Y H15 + 3.649%, 12/17/30 (b)		818,000		618,155
6.364%, 5Y EUR Swap + 3.300%, 11/16/32 (EUR) (b)		650,000		701,816
ING Groep NV
6.750%, 5Y USD ICE Swap + 4.204%, 04/16/24 (b)		790,000		774,200
Intesa Sanpaolo SpA
6.625%, 06/20/33 (144A)		528,000		496,177
JPMorgan Chase & Co.
1.090%, 3M EURIBOR + 0.760%, 03/11/27 (EUR) (b)		1,200,000		1,172,066
8.884%, 3M TSFR + 3.512%, 11/01/23 (b)		8,000		8,015
8.934%, 3M TSFR + 3.562%, 11/01/23 (b)		168,000		168,570
KBC Group NV
4.875%, 5Y EUR Swap + 2.250%, 04/25/33 (EUR) (b)		400,000		411,139
Lloyds Bank PLC
0.125%, 06/18/26 (EUR)		1,425,000		1,363,676
Morgan Stanley
4.656%, 3M EURIBOR + 1.304%, 03/02/29 (EUR) (b)		1,385,000		1,462,927
National Australia Bank Ltd.
0.010%, 01/06/29 (EUR)		1,215,000		1,052,909
NatWest Group PLC
2.000%, 3M EURIBOR + 1.737%, 03/04/25 (EUR) (b)		900,000		941,159
5.763%, 5Y EUR Swap + 2.600%, 02/28/34 (EUR) (b)		395,000		411,260
Santander U.K. Group Holdings PLC
3.530%, 1Y EUR Swap + 1.850%, 08/25/28 (EUR) (b)		718,000		721,202
Santander U.K. PLC
0.050%, 01/12/27 (EUR)		775,000		724,658
Shinhan Financial Group Co. Ltd.
2.875%, 5Y H15 + 2.064%, 05/12/26 (b)		201,000		177,684
Stadshypotek AB
0.010%, 11/24/28 (EUR)		1,100,000		966,007
Standard Chartered PLC
1.456%, 1Y H15 + 1.000%, 01/14/27 (b)		480,000		428,514
7.141%, 3M LIBOR + 1.510%, 01/30/27 (144A) (b)		1,000,000		927,854

BHFTI-31

Brighthouse Funds Trust I

AB International Bond Portfolio

Schedule of Investments as of September 30, 2023 (Unaudited)

Corporate Bonds & Notes—(Continued)

Security Description	Principal Amount*		Value
Banks—(Continued)
Toronto-Dominion Bank
0.100%, 07/19/27 (EUR)		445,000	$	409,420
3.250%, 04/27/26 (EUR)		665,000		691,271
Truist Financial Corp.
5.100%, 10Y H15 + 4.349%, 03/01/30 (b)		499,000		426,626
Turkiye Vakiflar Bankasi TAO
9.000%, 10/12/28 (144A)		585,000		582,660
UBS Group AG
4.625%, 1Y EURIBOR ICE Swap + 1.150%, 03/17/28 (EUR) (b)		654,000		684,873
7.750%, 1Y EURIBOR ICE Swap + 4.950%, 03/01/29 (EUR) (b)		586,000		683,967
UniCredit SpA
1.200%, 3M EURIBOR + 1.350%, 01/20/26 (EUR) (b)		955,000		961,718
Westpac Banking Corp.
0.010%, 09/22/28 (EUR)		279,000		243,373
Yapi ve Kredi Bankasi AS
9.250%, 10/16/28 (144A)		600,000		602,616
				35,609,068
Chemicals—0.7%
Braskem Idesa SAPI
6.990%, 02/20/32 (144A) (d)		726,000		436,503
6.990%, 02/20/32		440,000		264,547
Braskem Netherlands Finance BV
4.500%, 01/31/30 (d)		571,000		465,381
7.250%, 02/13/33 (144A)		299,000		275,490
8.500%, 01/12/31 (144A) (d)		580,000		574,751
CNAC HK Finbridge Co. Ltd.
5.125%, 03/14/28		200,000		192,245
INEOS Quattro Finance 2 PLC
2.500%, 01/15/26 (144A) (EUR)		561,000		538,889
Sasol Financing USA LLC
8.750%, 05/03/29 (144A) (d)		285,000		274,021
UPL Corp. Ltd.
4.500%, 03/08/28		525,000		453,651
				3,475,478
Coal—0.1%
Indika Energy Capital IV Pte. Ltd.
8.250%, 10/22/25		420,000		414,748
Commercial Services—0.9%
Adani Ports & Special Economic Zone Ltd.
3.828%, 02/02/32		220,000		155,055
4.375%, 07/03/29		250,000		199,841
Autopistas del Sol SA
7.375%, 12/30/30		742,360		660,218
DP World Ltd.
6.850%, 07/02/37		1,550,000		1,598,521
DP World Salaam
6.000%, 5Y H15 + 5.750%, 10/01/25 (b)		1,024,000		1,008,640
Global Payments, Inc.
4.875%, 03/17/31 (EUR)		455,000		468,296
Commercial Services—(Continued)
JSW Infrastructure Ltd.
4.950%, 01/21/29 (144A)		531,000		466,144
				4,556,715
Computers—0.3%
CA Magnum Holdings
5.375%, 10/31/26 (144A)		680,000		601,875
Kyndryl Holdings, Inc.
2.050%, 10/15/26 (d)		679,000		592,690
Lenovo Group Ltd.
3.421%, 11/02/30		285,000		232,414
Western Digital Corp.
3.100%, 02/01/32		246,000		181,157
				1,608,136
Diversified Financial Services—0.6%
Aviation Capital Group LLC
3.500%, 11/01/27 (144A) (d)		214,000		188,957
4.375%, 01/30/24 (144A)		459,000		454,969
BPCE SFH SA
0.010%, 01/21/27 (EUR)		800,000		749,678
0.010%, 11/10/27 (EUR)		400,000		364,648
China Great Wall International Holdings V Ltd.
2.875%, 11/23/26		270,000		225,486
Credit Mutuel Home Loan SFH SA
3.125%, 06/22/27 (EUR)		800,000		830,364
Intercorp Financial Services, Inc.
4.125%, 10/19/27		285,000		252,188
Joy Treasure Assets Holdings, Inc.
4.500%, 03/20/29		340,000		296,548
				3,362,838
Electric—2.5%
Adani Green Energy Ltd.
4.375%, 09/08/24		1,040,000		970,132
AES Andes SA
6.350%, 5Y H15 + 4.917%, 10/07/79 (144A) (b)		457,000		429,501
Alexander Funding Trust II
7.467%, 07/31/28 (144A)		277,000		277,363
Alfa Desarrollo SpA
4.550%, 09/27/51 (144A)		792,028		541,392
Cadent Finance PLC
0.625%, 03/19/30 (EUR)		660,000		547,622
China Huadian Overseas Development 2018 Ltd.
3.375%, 5Y H15 + 6.065%, 06/23/25 (b)		200,000		190,600
Colbun SA
3.950%, 10/11/27		200,000		184,444
Cometa Energia SA de CV
6.375%, 04/24/35		255,331		237,783
Comision Federal de Electricidad
3.348%, 02/09/31		745,000		580,935
4.688%, 05/15/29 (144A)		359,000		322,625
4.688%, 05/15/29		414,000		372,052
5.000%, 09/29/36		706,000		593,040

BHFTI-32

Brighthouse Funds Trust I

AB International Bond Portfolio

Schedule of Investments as of September 30, 2023 (Unaudited)

Corporate Bonds & Notes—(Continued)

Security Description	Principal Amount*		Value
Electric—(Continued)
EDP - Energias de Portugal SA
1.500%, 5Y EUR Swap + 1.888%, 03/14/82 (EUR) (b)		400,000	$	357,879
Electricite de France SA
2.875%, 5Y EUR Swap + 3.373%, 12/15/26 (EUR) (b)		400,000		367,437
5.875%, 07/18/31 (GBP)		250,000		296,147
5.993%, 05/23/30 (CAD)		244,000		175,247
Empresas Publicas de Medellin ESP
4.250%, 07/18/29 (144A)		592,000		475,042
Enel SpA
6.375%, 5Y EUR Swap + 3.486%, 04/16/28 (EUR) (b)		530,000		565,825
Eskom Holdings SOC Ltd.
7.125%, 02/11/25		666,000		649,129
Iberdrola International BV
1.450%, 5Y EUR Swap + 1.832%, 11/09/26 (EUR) (b)		700,000		640,662
India Clean Energy Holdings
4.500%, 04/18/27 (144A)		665,000		551,063
Israel Electric Corp. Ltd.
3.750%, 02/22/32 (144A)		213,000		174,979
JSW Hydro Energy Ltd.
4.125%, 05/18/31		751,800		624,776
Lamar Funding Ltd.
3.958%, 05/07/25		1,772,000		1,686,944
Minejesa Capital BV
5.625%, 08/10/37		595,000		453,902
NRG Energy, Inc.
4.450%, 06/15/29 (144A)		47,000		40,760
ReNew Wind Energy AP2/ReNew Power Pvt Ltd. other 9 Subsidiaries
4.500%, 07/14/28		315,000		264,893
SSE PLC
8.375%, 11/20/28 (GBP)		545,000		739,622
				13,311,796
Electronics—0.3%
Honeywell International, Inc.
2.250%, 02/22/28 (EUR)		410,000		404,963
4.125%, 11/02/34 (EUR)		1,141,000		1,183,407
				1,588,370
Energy-Alternate Sources—0.1%
Greenko Dutch BV
3.850%, 03/29/26		370,000		332,349
Greenko Solar Mauritius Ltd.
5.950%, 07/29/26		215,000		200,219
				532,568
Engineering & Construction—1.2%
Aeropuerto Internacional de Tocumen SA
5.125%, 08/11/61		2,465,000		1,787,125
Dianjian Haiyu Ltd.
4.250%, 5Y H15 + 4.575%, 01/14/27 (b)		1,423,000		1,349,023
Gatwick Funding Ltd.
2.500%, 04/15/32 (GBP)		720,000		712,595
Heathrow Funding Ltd.
2.750%, 10/13/31 (GBP)		490,000		500,704
6.450%, 12/10/33 (GBP)		271,000		337,397
Engineering & Construction—(Continued)
Powerchina Roadbridge Group British Virgin Islands Ltd.
3.080%, 5Y H15 + 5.256%, 04/01/26 (b)		1,485,000		1,378,526
State Agency of Roads of Ukraine
6.250%, 06/24/30 (144A) †		1,144,000		303,160
				6,368,530
Entertainment—0.1%
GENM Capital Labuan Ltd.
3.882%, 04/19/31		900,000		704,207
Food—0.3%
China Modern Dairy Holdings Ltd.
2.125%, 07/14/26		310,000		265,872
MARB BondCo PLC
3.950%, 01/29/31		345,000		255,828
Metro, Inc.
4.657%, 02/07/33 (CAD)		628,000		430,332
Saputo, Inc.
2.297%, 06/22/28 (CAD)		866,000		548,967
5.250%, 11/29/29 (CAD)		377,000		270,668
				1,771,667
Gas—0.1%
CU, Inc.
5.896%, 11/20/34 (CAD)		69,000		52,489
National Grid North America, Inc.
1.054%, 01/20/31 (EUR)		850,000		705,923
				758,412
Hand/Machine Tools—0.2%
Finning International, Inc.
4.445%, 05/16/28 (CAD)		1,170,000		816,971
Healthcare-Services—0.0%
Sutter Health
5.164%, 08/15/33		190,000		182,384
Insurance—0.4%
Allianz SE
3.099%, 3M EURIBOR + 3.350%, 07/06/47 (EUR) (b)		500,000		495,054
CNP Assurances SACA
2.500%, 3M EURIBOR + 3.650%, 06/30/51 (EUR) (b)		300,000		251,988
Credit Agricole Assurances SA
4.750%, 5Y EUR Swap + 5.350%, 09/27/48 (EUR) (b)		600,000		602,823
Prudential Financial, Inc.
5.200%, 3M LIBOR + 3.040%, 03/15/44 (b) (d)		642,000		628,119
				1,977,984
Internet—0.2%
Booking Holdings, Inc.
4.500%, 11/15/31 (EUR)		388,000		415,085
Prosus NV
3.061%, 07/13/31		465,000		345,243

BHFTI-33

Brighthouse Funds Trust I

AB International Bond Portfolio

Schedule of Investments as of September 30, 2023 (Unaudited)

Corporate Bonds & Notes—(Continued)

Security Description	Principal Amount*		Value
Internet—(Continued)
Weibo Corp.
3.500%, 07/05/24		245,000	$	239,412
				999,740
Investment Companies—1.1%
Fund of National Welfare Samruk-Kazyna JSC
2.000%, 10/28/26 (144A)		805,000		715,057
Gaci First Investment Co.
5.000%, 10/13/27		2,523,000		2,460,288
GTCR W-2 Merger Sub LLC/GTCR W Dutch Finance Sub BV
8.500%, 01/15/31 (144A) (GBP)		120,000		149,523
Huarong Finance 2019 Co. Ltd.
3.250%, 11/13/24		400,000		375,000
3.750%, 05/29/24		208,000		200,889
Huarong Finance II Co. Ltd.
4.625%, 06/03/26		220,000		192,342
4.875%, 11/22/26		320,000		276,000
MDGH GMTN RSC Ltd.
4.500%, 11/07/28		1,356,000		1,302,975
				5,672,074
Iron/Steel—0.2%
CSN Resources SA
4.625%, 06/10/31 (d)		595,000		453,321
JSW Steel Ltd.
3.950%, 04/05/27		300,000		262,656
Vale Overseas Ltd.
3.750%, 07/08/30		275,000		234,444
				950,421
Leisure Time—0.0%
Carnival PLC
1.000%, 10/28/29 (EUR)		355,000		238,143
Lodging—0.1%
Studio City Co. Ltd.
7.000%, 02/15/27 (144A)		250,000		235,726
Studio City Finance Ltd.
6.500%, 01/15/28		200,000		169,500
				405,226
Mining—1.4%
Anglo American Capital PLC
4.750%, 09/21/32 (EUR)		265,000		272,839
Aris Mining Corp.
6.875%, 08/09/26		395,000		315,506
Cia de Minas Buenaventura SAA
5.500%, 07/23/26		764,000		669,583
Corp. Nacional del Cobre de Chile
3.000%, 09/30/29		1,810,000		1,533,479
3.150%, 01/14/30 (d)		369,000		311,438
3.750%, 01/15/31		950,000		815,729
5.125%, 02/02/33 (144A)		330,000		303,662
5.125%, 02/02/33		1,835,000		1,688,546
Mining—(Continued)
Indonesia Asahan Aluminium PT/Mineral Industri Indonesia Persero PT
5.450%, 05/15/30		740,000		690,975
Stillwater Mining Co.
4.000%, 11/16/26		265,000		229,376
Volcan Cia Minera SAA
4.375%, 02/11/26 (144A)		184,000		105,025
4.375%, 02/11/26		362,000		206,624
				7,142,782
Multi-National—1.1%
European Investment Bank
0.750%, 07/15/27 (AUD)		990,000		551,992
1.800%, 01/19/27 (AUD)		1,300,000		765,094
Inter-American Development Bank
2.700%, 01/29/26 (AUD)		1,005,000		619,338
4.250%, 06/11/26 (AUD)		783,000		499,235
International Bank for Reconstruction & Development
Zero Coupon, 01/15/27 (EUR)		1,237,000		1,171,931
0.010%, 04/24/28 (EUR)		1,277,000		1,161,285
3.000%, 10/19/26 (AUD)		445,000		273,579
International Finance Corp.
4.450%, 05/14/27 (AUD)		1,159,000		741,193
				5,783,647
Oil & Gas—6.4%
BP Capital Markets PLC
3.250%, 5Y EUR Swap + 3.520%, 03/22/26 (EUR) (b)		234,000		230,942
3.625%, 5Y EUR Swap + 3.780%, 03/22/29 (EUR) (b)		541,000		497,393
Canacol Energy Ltd.
5.750%, 11/24/28		450,000		356,882
Ecopetrol SA
4.625%, 11/02/31		54,000		41,228
6.875%, 04/29/30 (d)		258,000		235,569
8.625%, 01/19/29		2,145,000		2,152,587
8.875%, 01/13/33		230,000		224,662
Eni SpA
3.375%, 5Y EUR Swap + 3.641%, 07/13/29 (EUR) (b)		835,000		741,555
Geopark Ltd.
5.500%, 01/17/27		430,000		368,630
Gran Tierra Energy, Inc.
7.750%, 05/23/27 (144A)		355,000		304,411
7.750%, 05/23/27		252,000		216,089
Hunt Oil Co. of Peru LLC Sucursal Del Peru
8.550%, 09/18/33 (144A) (d)		200,000		202,000
KazMunayGas National Co. JSC
4.750%, 04/19/27		870,000		813,862
5.375%, 04/24/30		2,005,000		1,820,203
Leviathan Bond Ltd.
6.125%, 06/30/25 (144A)		324,995		315,830
6.750%, 06/30/30 (144A)		246,793		226,823
Medco Oak Tree Pte. Ltd.
7.375%, 05/14/26		580,000		575,650
NAK Naftogaz Ukraine via Kondor Finance PLC
7.625%, 11/08/28 (144A) †		505,000		235,633
7.650%, 07/19/25		1,216,950		815,357

BHFTI-34

Brighthouse Funds Trust I

AB International Bond Portfolio

Schedule of Investments as of September 30, 2023 (Unaudited)

Corporate Bonds & Notes—(Continued)

Security Description	Principal Amount*		Value
Oil & Gas—(Continued)
Oil & Gas Holding Co. BSCC
7.500%, 10/25/27		1,986,000	$	2,015,790
Ovintiv, Inc.
6.250%, 07/15/33		161,000		155,673
Pertamina Persero PT
2.300%, 02/09/31		3,451,000		2,673,016
Petroleos Mexicanos
6.500%, 03/13/27		4,958,000		4,371,613
6.700%, 02/16/32		2,243,000		1,664,687
6.750%, 09/21/47		439,000		260,123
6.875%, 08/04/26		1,549,000		1,428,025
7.690%, 01/23/50		211,000		135,541
QatarEnergy
3.125%, 07/12/41		1,612,000		1,112,383
3.300%, 07/12/51 (144A)		977,000		633,213
3.300%, 07/12/51		2,605,000		1,688,353
Saudi Arabian Oil Co.
1.625%, 11/24/25		1,215,000		1,108,697
2.250%, 11/24/30		3,180,000		2,547,326
SierraCol Energy Andina LLC
6.000%, 06/15/28		215,000		170,818
6.000%, 06/15/28 (144A)		400,000		317,801
Sinopec Group Overseas Development 2018 Ltd.
2.700%, 05/13/30		678,000		585,088
State Oil Co. of the Azerbaijan Republic
6.950%, 03/18/30		701,000		706,387
Tengizchevroil Finance Co. International Ltd.
3.250%, 08/15/30 (144A)		552,000		418,205
3.250%, 08/15/30		1,250,000		947,023
TotalEnergies SE
1.625%, 5Y EUR Swap + 1.993%, 10/25/27 (EUR) (b)		412,000		363,392
				33,678,460
Packaging & Containers—0.2%
Ardagh Metal Packaging Finance USA LLC/Ardagh Metal Packaging Finance PLC
3.250%, 09/01/28 (144A)		579,000		482,766
Ardagh Packaging Finance PLC/Ardagh Holdings USA, Inc.
2.125%, 08/15/26 (EUR)		615,000		576,279
				1,059,045
Pharmaceuticals—0.0%
Teva Pharmaceutical Finance Netherlands III BV
4.750%, 05/09/27		255,000		233,971
Pipelines—0.3%
Acu Petroleo Luxembourg Sarl
7.500%, 07/13/35 (144A)		639,034		584,258
ONEOK, Inc.
6.050%, 09/01/33 (d)		125,000		122,804
Southern Gas Corridor CJSC
6.875%, 03/24/26		454,000		451,267
Pipelines—(Continued)
TransCanada PipeLines Ltd.
5.330%, 05/12/32 (CAD)		430,000		300,378
				1,458,707
Real Estate—0.3%
Annington Funding PLC
3.184%, 07/12/29 (GBP)		365,000		370,100
Aroundtown SA
1.450%, 07/09/28 (EUR)		200,000		152,773
Sinochem Offshore Capital Co. Ltd.
2.375%, 09/23/31		345,000		262,386
Vivion Investments Sarl
3.000%, 08/08/24 (EUR)		700,000		673,468
Yango Justice International Ltd.
7.500%, 04/15/24 (e)		320,000		160
8.250%, 11/25/23 (e)		300,000		150
				1,459,037
Real Estate Investment Trusts—0.5%
Digital Euro Finco LLC
2.500%, 01/16/26 (EUR)		735,000		736,764
Digital Intrepid Holding BV
0.625%, 07/15/31 (EUR)		625,000		471,117
Equinix, Inc.
1.000%, 03/15/33 (EUR)		733,000		571,622
Trust Fibra Uno
4.869%, 01/15/30		403,000		341,297
Westfield America Management Ltd.
2.625%, 03/30/29 (GBP)		340,000		327,445
				2,448,245
Retail—0.1%
Dollarama, Inc.
5.533%, 09/26/28 (CAD)		353,000		259,329
Falabella SA
3.750%, 10/30/27		263,000		227,463
				486,792
Savings & Loans—0.3%
Nationwide Building Society
1.125%, 05/31/28 (EUR)		1,000,000		941,896
2.000%, 5Y EUR Swap + 1.500%, 07/25/29 (EUR) (b)		750,000		767,782
				1,709,678
Software—0.1%
Fidelity National Information Services, Inc.
0.625%, 12/03/25 (EUR)		141,000		138,146
1.000%, 12/03/28 (EUR)		149,000		133,812
Fiserv, Inc.
1.625%, 07/01/30 (EUR)		465,000		411,865
				683,823

BHFTI-35

Brighthouse Funds Trust I

AB International Bond Portfolio

Schedule of Investments as of September 30, 2023 (Unaudited)

Corporate Bonds & Notes—(Continued)

Security Description	Principal Amount*		Value
Telecommunications—0.9%
Bell Telephone Co. of Canada or Bell Canada
3.000%, 03/17/31 (CAD)		170,000	$	103,872
5.850%, 11/10/32 (CAD)		1,025,000		751,123
C&W Senior Financing DAC
6.875%, 09/15/27		270,000		237,419
CK Hutchison Group Telecom Finance SA
0.750%, 04/17/26 (EUR)		1,035,000		1,001,739
Corning, Inc.
3.875%, 05/15/26 (EUR)		635,000		665,106
CT Trust
5.125%, 02/03/32		290,000		226,261
Telefonica Europe BV
4.375%, 6Y EUR Swap + 4.107%, 12/14/24 (EUR) (b)		300,000		310,217
TELUS Corp.
5.250%, 11/15/32 (CAD)		1,113,000		775,876
5.750%, 09/08/33 (CAD)		417,000		299,736
Xiaomi Best Time International Ltd.
3.375%, 04/29/30		295,000		236,390
				4,607,739
Transportation—0.9%
Empresa de Transporte de Pasajeros Metro SA
3.650%, 05/07/30 (144A)		200,000		177,337
4.700%, 05/07/50		665,000		516,210
5.000%, 01/25/47		200,000		166,091
FedEx Corp.
0.450%, 05/04/29 (EUR)		831,000		716,453
Lima Metro Line 2 Finance Ltd.
4.350%, 04/05/36		910,289		791,466
5.875%, 07/05/34		654,841		630,088
Transnet SOC Ltd.
8.250%, 02/06/28 (144A) (d)		1,681,000		1,609,120
				4,606,765
Water—0.2%
Aegea Finance Sarl
9.000%, 01/20/31 (144A)		226,000		227,808
Thames Water Utilities Finance PLC
4.000%, 04/18/27 (EUR)		299,000		294,050
6.750%, 11/16/28 (GBP)		420,000		494,736
				1,016,594
Total Corporate Bonds & Notes (Cost $172,762,772)				156,955,740
U.S. Treasury & Government Agencies—4.7%
Agency Sponsored Mortgage-Backed—1.4%
Federal Home Loan Mortgage Corp. STACR REMIC Trust
6.065%, SOFR30A + 0.750%, 10/25/33 (144A) (b)		164,496		163,733
6.115%, SOFR30A + 0.800%, 10/25/41 (144A) (b)		45,045		44,962
6.265%, SOFR30A + 0.950%, 12/25/41 (144A) (b)		1,007,340		988,557
6.815%, SOFR30A + 1.500%, 10/25/41 (144A) (b)		675,847		666,135
6.965%, SOFR30A + 1.650%, 01/25/34 (144A) (b)		186,741		186,566
7.415%, SOFR30A + 2.100%, 03/25/43 (144A) (b)		377,123		380,587
Agency Sponsored Mortgage-Backed—(Continued)
Federal Home Loan Mortgage Corp. STACR REMIC Trust
7.379%, SOFR30A + 2.064%, 10/25/49 (144A) (b)		8,069		8,079
7.479%, SOFR30A + 2.164%, 07/25/49 (144A) (b)		54,033		54,235
Federal National Mortgage Association Connecticut Avenue Securities
6.065%, SOFR30A + 0.750%, 10/25/41 (144A) (b)		8,155		8,127
6.165%, SOFR30A + 0.850%, 12/25/41 (144A) (b)		210,290		208,590
6.865%, SOFR30A + 1.550%, 10/25/41 (144A) (b)		66,676		66,550
6.965%, SOFR30A + 1.650%, 12/25/41 (144A) (b)		909,180		890,447
7.215%, SOFR30A + 1.900%, 06/25/43 (144A) (b)		347,586		348,773
7.529%, SOFR30A + 2.214%, 03/25/31 (b)		1,434,868		1,445,617
7.529%, SOFR30A + 2.214%, 10/25/39 (144A) (b)		7,894		7,906
7.579%, SOFR30A + 2.264%, 09/25/31 (144A) (b)		5,805		5,805
7.615%, SOFR30A + 2.300%, 05/25/43 (144A) (b)		447,058		452,694
7.829%, SOFR30A + 2.514%, 04/25/31 (144A) (b)		107,182		107,249
7.865%, SOFR30A + 2.550%, 07/25/42 (144A) (b)		581,054		591,719
15.679%, SOFR30A + 10.364%, 01/25/29 (b)		476,901		539,308
				7,165,639
U.S. Treasury—3.3%
U.S. Treasury Inflation-Indexed Notes
0.125%, 10/15/26 (c)		4,309,484		4,007,315
U.S. Treasury Notes
2.625%, 05/31/27		7,423,400		6,900,862
3.375%, 05/15/33		109,900		99,666
3.500%, 02/15/33		716,100		657,022
3.875%, 11/30/27		742,800		720,052
3.875%, 08/15/33		3,609,900		3,410,791
4.125%, 10/31/27		176,700		172,938
4.125%, 11/15/32		1,310,800		1,264,205
				17,232,851
Total U.S. Treasury & Government Agencies (Cost $25,300,990)				24,398,490
Mortgage-Backed Securities—1.6%
Collateralized Mortgage Obligations—1.4%
Bellemeade RE Ltd.
6.315%, SOFR30A + 1.000%, 09/25/31 (144A) (b)		470,651		465,622
7.934%, 1M LIBOR + 2.500%, 10/25/29 (144A) (b)		109,719		109,991
8.284%, 1M LIBOR + 2.850%, 10/25/29 (144A) (b)		486,000		490,268
8.534%, 1M LIBOR + 3.100%, 04/25/29 (144A) (b)		750,000		766,479
Eagle RE Ltd.
7.365%, SOFR30A + 2.050%, 04/25/34 (144A) (b)		277,454		277,533
Home RE Ltd.
8.684%, 1M LIBOR + 3.250%, 05/25/29 (144A) (b)		1,600,000		1,624,820
10.684%, 1M LIBOR + 5.250%, 10/25/30 (144A) (b)		669,312		675,951
Oaktown Re III Ltd.
7.979%, SOFR30A + 2.664%, 07/25/29 (144A) (b)		1,500,000		1,510,737
PMT Credit Risk Transfer Trust
8.779%, SOFR30A + 3.464%, 02/27/23 (144A) † (b)		616,170		609,928
9.129%, SOFR30A + 3.814%, 11/27/31 (144A) (b)		19,962		19,862
9.182%, 1M TSFR + 3.864%, 05/30/25 (144A) (b)		238,991		238,700

BHFTI-36

Brighthouse Funds Trust I

AB International Bond Portfolio

Schedule of Investments as of September 30, 2023 (Unaudited)

Mortgage-Backed Securities—(Continued)

Security Description	Principal Amount*		Value
Collateralized Mortgage Obligations—(Continued)
Triangle Re Ltd.
7.215%, SOFR30A + 1.900%, 02/25/34 (144A) (b)		221,264	$	221,558
				7,011,449
Commercial Mortgage-Backed Securities—0.2%
BFLD Trust
7.048%, 1M TSFR + 1.714%, 06/15/38 (144A) (b)		310,000		296,304
JP Morgan Chase Commercial Mortgage Securities Trust
3.910%, 12/15/47 (144A) (b)		1,500,000		883,587
				1,179,891
Total Mortgage-Backed Securities (Cost $8,042,399)				8,191,340
Asset-Backed Securities—1.5%
Asset-Backed-Automobile—0.1%
BOF VII AL Funding Trust I
6.291%, 07/26/32 (144A)		389,658		387,495
Santander Bank Auto Credit-Linked Notes
5.721%, 08/16/32 (144A)		175,130		174,071
				561,566
Asset-Backed-Other—1.3%
Amur Equipment Finance Receivables XI LLC
5.300%, 06/21/28 (144A)		550,827		545,591
Amur Equipment Finance Receivables XII LLC
6.090%, 12/20/29 (144A)		240,000		240,129
Balboa Bay Loan Funding Ltd.
6.788%, 3M TSFR + 1.462%, 07/20/34 (144A) (b)		595,416		592,111
BHG Securitization Trust
5.550%, 04/17/36 (144A)		369,870		364,375
Black Diamond CLO Ltd.
7.037%, 3M TSFR + 1.692%, 07/23/32 (144A) (b)		926,980		914,955
CNH Equipment Trust
5.420%, 07/15/26		301,378		300,532
Dell Equipment Finance Trust
5.650%, 09/22/28 (144A)		201,000		200,543
DLLAA LLC
5.930%, 07/20/26 (144A)		306,000		305,850
Elmwood CLO 15 Ltd.
6.686%, 3M TSFR + 1.340%, 04/22/35 (144A) (b)		500,000		496,353
Flatiron CLO 21 Ltd.
6.692%, 3M LIBOR + 1.110%, 07/19/34 (144A) (b)		812,322		807,040
HPEFS Equipment Trust
5.260%, 08/20/29 (144A)		252,442		251,739
5.430%, 08/20/25 (144A)		201,000		200,320
Kubota Credit Owner Trust
5.400%, 02/17/26 (144A)		400,000		397,870
NMEF Funding LLC
6.570%, 06/17/30 (144A)		462,000		462,147
Pikes Peak CLO 8
6.758%, 3M TSFR + 1.432%, 07/20/34 (144A) (b)		968,631		959,117
				7,038,672
Asset-Backed-Student Loan—0.1%
Nelnet Student Loan Trust
2.530%, 04/20/62 (144A)		548,158		428,020
Total Asset-Backed Securities (Cost $8,195,075)				8,028,258
Municipals—0.1%
California Earthquake Authority
5.603%, 07/01/27		275,000		273,226
State Board of Administration Finance Corp.
2.154%, 07/01/30		395,000		316,356
Total Municipals (Cost $610,525)				589,582
Short-Term Investment—2.0%
Repurchase Agreement—2.0%
Fixed Income Clearing Corp. Repurchase Agreement dated 09/29/23 at 2.500%, due on 10/02/23 with a maturity value of $10,297,359; collateralized by U.S. Treasury Note at 0.750%, maturing 04/30/26, with a market value of $10,501,142		10,295,214		10,295,214
Total Short-Term Investments (Cost $10,295,214)				10,295,214
Securities Lending Reinvestments (g)—0.6%
Repurchase Agreements—0.4%
BofA Securities, Inc. Repurchase Agreement dated 09/29/23 at 5.290%, due on 10/02/23 with a maturity value of $600,265; collateralized by U.S. Treasury Obligations with rate 0.000%, maturity dates ranging from 11/15/23 - 11/15/41, and an aggregate market value of $612,000		600,000		600,000
Cantor Fitzgerald & Co. Repurchase Agreement dated 09/29/23 at 5.320%, due on 10/02/23 with a maturity value of $185,526; collateralized by U.S. Government Agency Obligations with rates ranging from 1.500% - 7.267%, maturity dates ranging from 02/01/24 - 08/20/71, and an aggregate market value of $189,153		185,444		185,444
Citigroup Global Markets, Inc. Repurchase Agreement dated 09/29/23 at 5.470%, due on 10/06/23 with a maturity value of $62,281; collateralized by U.S. Treasury Obligations with rates ranging from 0.250% - 5.403%, maturity dates ranging from 01/31/24 - 10/31/25, and various Common Stock with an aggregate market value of $63,461		62,215		62,215

BHFTI-37

Brighthouse Funds Trust I

AB International Bond Portfolio

Schedule of Investments as of September 30, 2023 (Unaudited)

Securities Lending Reinvestments (g)—(Continued)

Security Description	Shares/ Principal Amount*		Value
Repurchase Agreements—(Continued)
Deutsche Bank Securities, Inc. Repurchase Agreement dated 09/29/23 at 5.300%, due on 10/02/23 with a maturity value of $227,268; collateralized by U.S. Treasury Obligations with rates ranging from 0.000% - 1.375%, maturity dates ranging from 02/15/24 - 11/15/29, and an aggregate market value of $231,711		227,168	$	227,168
HSBC Securities, Inc. Repurchase Agreement dated 09/29/23 at 5.280%, due on 10/02/23 with a maturity value of $615,472; collateralized by U.S. Treasury Obligations with rates ranging from 0.000% - 4.500%, maturity dates ranging from 09/30/23 - 05/15/52, and an aggregate market value of $627,781		615,201		615,201
Santander U.S. Capital Markets LLC Repurchase Agreement dated 09/29/23 at 5.340%, due on 10/02/23 with a maturity value of $210,093; collateralized by U.S. Government Agency Obligations with rates ranging from 2.250% - 6.182%, maturity dates ranging from 08/25/24 - 02/20/71, and an aggregate market value of $214,295.		210,000		210,000
TD Prime Services LLC Repurchase Agreement dated 09/29/23 at 5.420%, due on 10/02/23 with a maturity value of $180,081; collateralized by various Common Stock with an aggregate market value of $198,090		180,000		180,000
				2,080,028
Mutual Funds—0.2%
Allspring Government Money Market Fund, Select Class 5.270% (h)		75,000		75,000
BlackRock Liquidity Funds FedFund, Institutional Shares 5.230% (h)		75,000		75,000
Dreyfus Treasury Obligations Cash Management Fund, Institutional Class 5.230% (h)		75,000		75,000
Fidelity Investments Money Market Government Portfolio, Class I 5.230% (h)		50,000		50,000
Goldman Sachs Financial Square Government Fund, Institutional Shares 5.240% (h)		50,000		50,000
HSBC U.S. Government Money Market Fund, Class I 5.270% (h)		50,000		50,000
Morgan Stanley Liquidity Funds Government Portfolio, Institutional Shares 5.270% (h)		75,000		75,000
RBC U.S. Government Money Market Fund, Institutional Shares 5.270% (h)		200,000		200,000
State Street Institutional U.S. Government Money Market Fund, Premier Class 5.290% (h)		200,000		200,000
STIT-Government & Agency Portfolio, Institutional Class 5.260% (h)		75,000		75,000
Mutual Funds—(Continued)
Western Asset Institutional Government Reserves Fund, Institutional Class 5.250% (h)		50,000		50,000
				975,000
Total Securities Lending Reinvestments (Cost $3,055,028)				3,055,028
Total Investments—98.7% (Cost $585,715,906)				515,255,455
Other assets and liabilities (net)—1.3%				6,960,891
Net Assets—100.0%			$	522,216,346

*	Principal amount stated in U.S. dollars unless otherwise noted.
†	Restricted securities are not registered under the Securities Act of 1933 and are subject to legal restrictions on resale. These securities generally may be resold in transactions exempt from registration or to the public if the securities are subsequently registered. Disposal of these securities may involve time-consuming negotiations and prompt sale at an acceptable price may be difficult. As of September 30, 2023, the market value of restricted securities was $1,148,721, 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)	Variable or floating rate security. The stated rate represents the rate at September 30, 2023. 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)	Principal amount of security is adjusted for inflation.
(d)	All or a portion of the security was held on loan. As of September 30, 2023, the market value of securities loaned was $12,016,690 and the collateral received consisted of cash in the amount of $3,055,028 and non-cash collateral with a value of $9,370,506. 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)	Non-income producing; security is in default and/or issuer is in bankruptcy.
(f)	Payment-in-kind security for which part of the income earned may be paid as additional principal.
(g)	Represents investment of cash collateral received from securities on loan as of September 30, 2023.
(h)	The rate shown represents the annualized seven-day yield as of September 30, 2023.
(144A)	Securities exempt from registration under Rule 144A of the Securities Act of 1933. These securities may be resold in transactions exempt from registration, normally to qualified institutional buyers. As of September 30, 2023, the market value of 144A securities was $95,007,753, which is 18.2% of net assets.

Restricted Securities	Acquisition Date		Principal Amount		Cost		Value
NAK Naftogaz Ukraine via Kondor Finance PLC, 7.625%, 11/08/28		11/04/19	$	505,000	$	505,000	$	235,633
PMT Credit Risk Transfer Trust, 8.779%, 02/27/23		02/11/20		616,170		616,170		609,928
State Agency of Roads of Ukraine, 6.250%, 06/24/30		06/17/21		1,144,000		1,144,000		303,160
							$	1,148,721

BHFTI-38

Brighthouse Funds Trust I

AB International Bond Portfolio

Schedule of Investments as of September 30, 2023 (Unaudited)

Forward Foreign Currency Exchange Contracts

Contracts to Buy		Counterparty	Settlement Date		In Exchange for			Unrealized Appreciation/ (Depreciation)
AUD	1,057,128	ANZ		11/08/23		USD	683,568	$	(3,076	)
AUD	1,816,741	BNP		11/08/23		USD	1,168,940		529
AUD	85,424	SSBT		11/08/23		USD	55,300		(312	)
AUD	93,286	SSBT		11/08/23		USD	60,620		(571	)
AUD	102,268	SSBT		11/08/23		USD	65,620		211
BRL	23,478,150	BOA		10/03/23		USD	4,712,595		(41,767	)
BRL	23,478,150	MSCS		10/03/23		USD	4,688,503		(17,676	)
CAD	560,810	SSBT		10/27/23		USD	414,861		(1,832	)
CAD	595,637	SSBT		10/27/23		USD	441,846		(3,167	)
CNH	4,016,108	SSBT		01/11/24		USD	554,963		(2,322	)
EUR	606,742	BOA		10/12/23		USD	665,523		(23,810	)
EUR	552,349	CBNA		10/12/23		USD	591,688		(7,503	)
EUR	967,337	MSCS		10/12/23		USD	1,066,741		(43,650	)
EUR	48,744	SSBT		10/12/23		USD	52,277		(723	)
EUR	60,611	SSBT		10/12/23		USD	64,263		(159	)
EUR	71,632	SSBT		10/12/23		USD	75,834		(74	)
EUR	82,539	SSBT		10/12/23		USD	88,237		(940	)
EUR	86,874	SSBT		10/12/23		USD	94,585		(2,705	)
EUR	89,896	SSBT		10/12/23		USD	98,794		(3,716	)
EUR	185,823	SSBT		10/12/23		USD	204,194		(7,661	)
EUR	287,188	SSBT		10/12/23		USD	303,547		193
EUR	389,297	SSBT		10/12/23		USD	412,117		(382	)
EUR	394,874	SSBT		10/12/23		USD	424,079		(6,446	)
EUR	476,713	SSBT		10/12/23		USD	524,467		(20,278	)
EUR	627,666	SSBT		10/12/23		USD	686,864		(23,022	)
EUR	1,145,993	SSBT		10/12/23		USD	1,205,496		6,549
EUR	1,232,684	SSBT		10/12/23		USD	1,305,597		(1,866	)
EUR	1,720,377	UBSA		10/12/23		USD	1,805,919		13,614
GBP	859,868	SCB		11/17/23		USD	1,042,330		7,066
GBP	102,903	SSBT		11/17/23		USD	126,123		(538	)
GBP	242,048	SSBT		11/17/23		USD	300,048		(4,649	)
GBP	347,198	SSBT		11/17/23		USD	432,852		(9,127	)
GBP	473,349	SSBT		11/17/23		USD	577,902		(220	)
JPY	586,257,660	HSBCU		10/19/23		USD	3,985,852		(52,809	)
JPY	573,168,461	MSCS		10/19/23		USD	3,944,796		(99,565	)
JPY	57,346,150	SSBT		10/19/23		USD	386,438		(1,718	)
KRW	662,801,742	HSBCU		10/26/23		USD	495,097		(3,365	)
NZD	850,874	MSCS		10/27/23		USD	505,532		4,442
Contracts to Deliver
AUD	17,709,722	BOA		11/08/23		USD	11,476,609		76,547
AUD	119,500	SSBT		11/08/23		USD	77,004		80
BRL	23,478,150	BOA		10/03/23		USD	4,688,503		17,676
BRL	23,478,150	MSCS		10/03/23		USD	4,768,493		97,665
BRL	23,478,150	BOA		11/03/23		USD	4,691,783		41,263
CAD	15,525,057	JPMC		10/27/23		USD	11,471,322		37,320
CAD	954,538	MSCS		10/27/23		USD	706,908		3,903
CAD	416,091	SSBT		10/27/23		USD	304,809		(1,637	)
CAD	353,000	SSBT		10/27/23		USD	262,044		2,064
CNH	176,411,521	UBSA		01/11/24		USD	24,303,125		27,841
EUR	24,224,474	JPMC		10/05/23		USD	26,717,778		1,104,382
EUR	3,846,915	CBNA		10/12/23		USD	4,117,173		48,536
EUR	3,296,510	CBNA		10/12/23		USD	3,570,211		83,701
EUR	2,058,937	JPMC		10/12/23		USD	2,272,320		94,713
EUR	623,189	MSCS		10/12/23		USD	677,224		18,116
EUR	574,617	MSCS		10/12/23		USD	633,664		25,929
EUR	1,235,505	SSBT		10/12/23		USD	1,306,331		(384	)

BHFTI-39

Brighthouse Funds Trust I

AB International Bond Portfolio

Schedule of Investments as of September 30, 2023 (Unaudited)

Forward Foreign Currency Exchange Contracts—(Continued)

Contracts to Deliver		Counterparty	Settlement Date		In Exchange for			Unrealized Appreciation/ (Depreciation)
EUR	226,430	SSBT		10/12/23		USD	248,808	$	9,328
EUR	77,300	SSBT		10/12/23		USD	85,367		3,611
EUR	20,060,045	MSCS		10/27/23		USD	21,866,075		636,691
EUR	27,789,286	BOA		11/09/23		USD	29,885,426		460,096
EUR	24,224,474	UBSA		11/22/23		USD	25,985,521		320,422
GBP	17,167,031	CBNA		11/17/23		USD	21,405,949		455,052
GBP	469,511	HSBCU		11/17/23		USD	582,107		9,109
IDR	57,548,199,417	MSCS		10/12/23		USD	3,823,293		99,735
JPY	2,151,676,474	CBNA		10/12/23		USD	14,984,687		565,786
JPY	410,333,315	JPMC		10/19/23		USD	2,862,030		109,216
JPY	2,151,676,474	CBNA		10/26/23		USD	15,019,873		568,716
KRW	29,264,787,098	HSBCU		10/26/23		USD	22,952,879		1,241,330
KRW	3,272,030,872	MSCS		10/26/23		USD	2,515,631		88,111
MXN	31,156,329	BOA		11/16/23		USD	1,797,100		22,503
MXN	29,843,677	BOA		11/16/23		USD	1,721,386		21,555
MXN	15,691,092	BOA		11/16/23		USD	904,833		11,103
MXN	12,673,644	BOA		11/16/23		USD	730,831		8,968
MXN	6,344,627	SSBT		11/16/23		USD	356,415		(4,962	)
MXN	5,124,513	SSBT		11/16/23		USD	287,874		(4,007	)
MXN	4,593,518	SSBT		11/16/23		USD	257,657		(3,980	)
MXN	3,967,593	SSBT		11/16/23		USD	230,029		4,044
MXN	3,710,249	SSBT		11/16/23		USD	208,692		(2,636	)
MXN	3,204,687	SSBT		11/16/23		USD	186,346		3,814
MXN	3,060,120	SSBT		11/16/23		USD	173,055		(1,243	)
MXN	2,471,680	SSBT		11/16/23		USD	139,778		(1,004	)
MYR	11,710,830	MSCS		01/11/24		USD	2,524,865		12,415
SEK	7,694,702	BBP		12/07/23		USD	698,457		(7,816	)
THB	60,111,331	SSBT		10/11/23		USD	1,744,380		92,444
ZAR	37,290,597	BNP		11/06/23		USD	1,949,457		(14,241	)
Net Unrealized Appreciation								$	6,028,830

Futures Contracts

Futures Contracts—Long	Expiration Date		Number of Contracts			Notional Value				Value/ Unrealized Appreciation/ (Depreciation)
Australian 10 Year Treasury Bond Futures		12/15/23		90			AUD	10,077,550		$	(149,245	)
Canada 5 Year Government Bond Futures		12/18/23		281			CAD	30,342,380			(207,520	)
Euro-Bobl Futures		12/07/23		105			EUR	12,153,750			(78,137	)
Euro-Bund Futures		12/07/23		20			EUR	2,572,800			(43,800	)
U.S. Treasury Long Bond Futures		12/19/23		14			USD	1,592,938			(88,716	)
U.S. Treasury Note 10 Year Futures		12/19/23		33			USD	3,566,063			(68,625	)
U.S. Treasury Note 2 Year Futures		12/29/23		4			USD	810,844			(1,552	)
U.S. Treasury Note 5 Year Futures		12/29/23		112			USD	11,800,250			(129,426	)
U.S. Treasury Note Ultra 10 Year Futures		12/19/23		99			USD	11,044,688			(199,361	)
U.S. Treasury Ultra Long Bond Futures		12/19/23		31			USD	3,679,313			(182,362	)
United Kingdom Long Gilt Bond Futures		12/27/23		17			GBP	1,600,720			(3,128	)
Futures Contracts—Short
Canada 10 Year Government Bond Futures		12/18/23		(9	)		CAD	(1,036,170	)		20,322
Euro-OAT Futures		12/07/23		(17	)		EUR	(2,094,400	)		51,387
Net Unrealized Depreciation										$	(1,080,163	)

BHFTI-40

Brighthouse Funds Trust I

AB International Bond Portfolio

Schedule of Investments as of September 30, 2023 (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 CNRR		Quarterly	2.418%	Quarterly		09/28/28		CNY	99,010,000	$	8,411		$	—	$	8,411
Pay	12M CNRR		Quarterly	2.420%	Quarterly		09/28/28		CNY	99,010,000		9,816			—		9,816
Pay	12M SOFR		Annually	3.209%	Annually		03/21/33		USD	1,380,000		(113,560	)		—		(113,560	)
Pay	3M NZDBB		Quarterly	2.503%	Semi-Annually		11/02/24		NZD	7,847,000		(168,772	)		—		(168,772	)
Pay	3M NZDBB		Quarterly	2.580%	Semi-Annually		11/01/24		NZD	2,933,000		(61,196	)		—		(61,196	)
Pay	3M NZDBB		Quarterly	4.180%	Semi-Annually		04/26/33		NZD	5,800,000		(260,479	)		—		(260,479	)
Pay	6M EURIBOR		Semi-Annually	(0.017)%	Annually		09/30/50		EUR	3,800,000		(2,270,625	)		—		(2,270,625	)
Pay	6M EURIBOR		Semi-Annually	(0.043)%	Annually		11/10/50		EUR	3,820,000		(2,303,114	)		—		(2,303,114	)
Receive	12M CNRR		Quarterly	2.420%	Quarterly		09/28/28		CNY	99,010,000		(9,816	)		—		(9,816	)
Receive	6M BUBOR		Annually	8.698%	Semi-Annually		06/05/28		HUF	639,497,000		(64,026	)		—		(64,026	)
Receive	6M BUBOR		Annually	8.820%	Semi-Annually		06/02/28		HUF	680,183,000		(76,373	)		—		(76,373	)
Receive	6M EURIBOR		Annually	0.022%	Semi-Annually		11/10/50		EUR	3,820,000		2,256,338			27,087		2,229,251
Receive	6M EURIBOR		Annually	0.122%	Semi-Annually		09/30/50		EUR	3,800,000		2,171,732			—		2,171,732
Totals											$	(881,664	)	$	27,087	$	(908,751	)

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

Reference Obligation	Fixed Deal (Pay) Rate			Payment Frequency		Maturity Date		Implied Credit Spread at September 30, 2023(b)			Notional Amount(c)			Market Value			Upfront Premiums Paid/(Received)			Unrealized Appreciation/ (Depreciation)
Brazil Government International Bond 4.250% due 07/01/25		(1.000	%)		Quarterly		12/20/28		1.774	%		USD	730,000	$	27,588		$	27,433		$	155
CDX.EM.40.V1		(1.000	%)		Quarterly		12/20/28		2.144	%		USD	720,000		39,436			34,810			4,626
CDX.NA.HY.41.V1		(5.000	%)		Quarterly		12/20/28		4.781	%		USD	6,280,000		(51,075	)		(60,193	)		9,118
China Government International Bond 7.500% due 10/28/27		(1.000	%)		Quarterly		12/20/28		0.753	%		USD	1,020,000		(8,317	)		(11,225	)		2,908
Colombia Government International Bond 10.375% due 01/28/33		(1.000	%)		Quarterly		12/20/28		2.218	%		USD	790,000		46,863			45,277			1,586
Indonesia Government International Bond 4.125% due 01/15/25		(1.000	%)		Quarterly		12/20/28		0.852	%		USD	1,180,000		(3,723	)		(6,629	)		2,906
Mexico Government International Bond 4.150% due 03/28/27		(1.000	%)		Quarterly		12/20/28		1.183	%		USD	720,000		8,526			6,801			1,725
Republic of South Africa Government International Bond 5.875% due 09/16/25		(1.000	%)		Quarterly		12/20/28		2.567	%		USD	1,080,000		82,814			75,942			6,872
Turkey Government International Bond 11.875% due 15/01/30		(1.000	%)		Quarterly		12/20/28		3.845	%		USD	1,160,000		142,653			144,294			(1,641	)
ITRX.AUS.40.V1		(1.000	%)		Quarterly		12/20/28		0.820	%		USD	4,660,000		(26,156	)		(37,399	)		11,243
Totals														$	258,609		$	219,111		$	39,498

Centrally Cleared Credit Default Swaps on Credit Indices—Sell Protection (d)

Reference Obligation	Fixed Deal Receive Rate			Payment Frequency		Maturity Date		Implied Credit Spread atSeptember 30, 2023(b)			Notional Amount(c)			Market Value		Upfront Premiums Paid/ (Received)		Unrealized Appreciation/ (Depreciation)
CDX.NA.IG.41.V1		1.000	%		Quarterly		12/20/28		0.685	%		USD	4,660,000	$	55,819	$	63,242	$	(7,423	)

BHFTI-41

Brighthouse Funds Trust I

AB International Bond Portfolio

Schedule of Investments as of September 30, 2023 (Unaudited)

OTC Credit Default Swaps on Credit Indices—Sell Protection (d)

Reference Obligation	Fixed Deal Receive Rate			Payment Frequency		Maturity Date		Counterparty	Implied Credit Spread at September 30, 2023(b)			Notional Amount(c)			Market Value			Upfront Premium Paid/(Received)			Unrealized Appreciation/ (Depreciation)
CMBX.NA.BBB-.6		3.000	%		Monthly		05/11/63	CGM		46.833	%		USD	462,847	$	(66,824	)	$	(36,784	)	$	(30,040	)
CMBX.NA.BBB-.6		3.000	%		Monthly		05/11/63	CGM		46.833	%		USD	694,515		(100,271	)		(54,917	)		(45,354	)
CMBX.NA.BBB-.6		3.000	%		Monthly		05/11/63	CGM		46.833	%		USD	1,387,563		(200,329	)		(112,883	)		(87,446	)
CMBX.NA.BBB-.6		3.000	%		Monthly		05/11/63	GSI		46.833	%		USD	462,847		(66,823	)		(36,608	)		(30,215	)
CMBX.NA.BBB-.6		3.000	%		Monthly		05/11/63	JPMC		46.833	%		USD	231,668		(33,447	)		(18,319	)		(15,128	)
CMBX.NA.BBB-.6		3.000	%		Monthly		05/11/63	CSI		46.833	%		USD	331,339		(47,837	)		(32,102	)		(15,735	)
Totals															$	(515,531	)	$	(291,613	)	$	(223,918	)

(a)	If the Portfolio is a buyer of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Portfolio will either (i) receive from the seller of protection an amount equal to the notional amount of the swap and deliver the referenced obligation or underlying securities comprising the referenced index or (ii) receive a net settlement amount in the form of cash or securities equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index.
(b)	Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate issues or indices as of period end serve as an indicator of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity’s credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. A credit spread identified as “Defaulted” indicates a credit event has occurred for the referenced entity or obligation.
(c)	The maximum potential amount of future undiscounted payments that the Portfolio could be required to make under a credit default swap contract would be the notional amount of the contract. These potential amounts would be partially offset by any recovery values of the referenced debt obligation or net amounts received from the settlement of purchased protection credit default swap contracts entered into by the Portfolio for the same referenced debt obligation.
(d)	If the Portfolio is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Portfolio will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash or securities equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index.

Glossary of Abbreviations

Counterparties

(ANZ)—	Australia & New Zealand Banking Corp.
(BBP)—	Barclays Bank PLC
(BNP)—	BNP Paribas S.A.
(BOA)—	Bank of America N.A.
(CBNA)—	Citibank N.A.
(CGM)—	Citigroup Global Markets, Inc.
(CSI)—	Credit Suisse International
(GSI)—	Goldman Sachs International
(HSBCU)—	HSBC Bank USA
(JPMC)—	JPMorgan Chase Bank N.A.
(MSCS)—	Morgan Stanley Capital Services LLC
(SCB)—	Standard Chartered Bank
(SSBT)—	State Street Bank and Trust
(UBSA)—	UBS AG

Currencies

(AUD)—	Australian Dollar
(BRL)—	Brazilian Real
(CAD)—	Canadian Dollar
(CNH)—	Chinese Renminbi
(CNY)—	Chinese Yuan
(DOP)—	Dominican Peso
(EUR)—	Euro
(GBP)—	British Pound
(HUF)—	Hungarian Forint
(IDR)—	Indonesian Rupiah
(JPY)—	Japanese Yen
(KRW)—	South Korean Won
(MXN)—	Mexican Peso
(MYR)—	Malaysian Ringgit
(NZD)—	New Zealand Dollar
(SEK)—	Swedish Krona
(THB)—	Thai Baht
(USD)—	United States Dollar
(ZAR)—	South African Rand

Index Abbreviations

(BUBOR)—	Budapest Interbank Offered Rate
(CDX.EM)—	Markit Emerging Market CDS Index
(CDX.NA.HY)—	Markit North America High Yield CDS Index
(CDX.NA.IG)—	Markit North America Investment Grade 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.AUS)—	Markit iTraxx Australia 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 Overnight Financing Rate
(UKG)—	U.K. Government Bond

Other Abbreviations

(CLO)—	Collateralized Loan Obligation
(DAC)—	Designated Activity Company
(ICE)—	Intercontinental Exchange, Inc.
(REMIC)—	Real Estate Mortgage Investment Conduit
(STACR)—	Structured Agency Credit Risk

BHFTI-42

Brighthouse Funds Trust I

AB International Bond Portfolio

Schedule of Investments as of September 30, 2023 (Unaudited)

Fair Value Hierarchy

Accounting principles generally accepted in the United States of America (“GAAP”) define fair market value as the price that the Portfolio would receive to sell an asset or pay to transfer a liability in an orderly transaction between market participants at the measurement date. It establishes a fair value hierarchy that prioritizes inputs to valuation methods and requires disclosure of the fair value hierarchy, separately for each major category of assets and liabilities, that segregates fair value measurements into three levels. Levels 1, 2 and 3 of the fair value hierarchy are defined as follows:

Level 1 - unadjusted quoted prices in active markets for identical investments

Level 2 - other significant observable inputs (including, but not limited to, quoted prices for similar assets or liabilities in markets that are either active or inactive; inputs other than quoted prices that are observable such as interest rates, yield curves, volatilities, prepayment speeds, loss severities, credit risks, default rates, or other market corroborated inputs)

Level 3 - significant unobservable inputs based on the best information available in the circumstances, to the extent observable inputs are unavailable (including the Portfolio’s own assumptions used in determining the fair value of investments and derivative financial instruments)

The inputs or methodologies used for valuing investments are not necessarily an indication of the risk associated with investing in them. Changes to the inputs or methodologies used may result in transfers between levels. A reconciliation of Level 3 securities, if any, will be disclosed following the fair value hierarchy table. For more information about the Portfolio’s policy regarding the valuation of investments, please refer to the Notes to Schedule of Investments.

The following table summarizes the fair value hierarchy of the Portfolio’s investments as of September 30, 2023:

Description	Level 1			Level 2			Level 3		Total
Total Foreign Government*	$	—		$	303,741,803		$	—	$	303,741,803
Total Corporate Bonds & Notes*		—			156,955,740			—		156,955,740
Total U.S. Treasury & Government Agencies*		—			24,398,490			—		24,398,490
Total Mortgage-Backed Securities*		—			8,191,340			—		8,191,340
Total Asset-Backed Securities*		—			8,028,258			—		8,028,258
Total Municipals*		—			589,582			—		589,582
Total Short-Term Investment*		—			10,295,214			—		10,295,214
Securities Lending Reinvestments
Repurchase Agreements		—			2,080,028			—		2,080,028
Mutual Funds		975,000			—			—		975,000
Total Securities Lending Reinvestments		975,000			2,080,028			—		3,055,028
Total Investments	$	975,000		$	514,280,455		$	—	$	515,255,455
Collateral for Securities Loaned (Liability)	$	—		$	(3,055,028	)	$	—	$	(3,055,028	)
Forward Contracts
Forward Foreign Currency Exchange Contracts (Unrealized Appreciation)	$	—		$	6,456,389		$	—	$	6,456,389
Forward Foreign Currency Exchange Contracts (Unrealized Depreciation)		—			(427,559	)		—		(427,559	)
Total Forward Contracts	$	—		$	6,028,830		$	—	$	6,028,830
Futures Contracts
Futures Contracts (Unrealized Appreciation)	$	71,709		$	—		$	—	$	71,709
Futures Contracts (Unrealized Depreciation)		(1,151,872	)		—			—		(1,151,872	)
Total Futures Contracts	$	(1,080,163	)	$	—		$	—	$	(1,080,163	)
Centrally Cleared Swap Contracts
Centrally Cleared Swap Contracts (Unrealized Appreciation)	$	—		$	4,460,349		$	—	$	4,460,349
Centrally Cleared Swap Contracts (Unrealized Depreciation)		—			(5,337,025	)		—		(5,337,025	)
Total Centrally Cleared Swap Contracts	$	—		$	(876,676	)	$	—	$	(876,676	)
OTC Swap Contracts
OTC Swap Contracts at Value (Liabilities)	$	—		$	(515,531	)	$	—	$	(515,531	)

* See Schedule of Investments for additional detailed categorizations.

BHFTI-43

Brighthouse Funds Trust I

Allspring Mid Cap Value Portfolio

Schedule of Investments as of September 30, 2023 (Unaudited)

Common Stocks—96.4% of Net Assets

Security Description	Shares		Value
Aerospace & Defense—2.1%
L3Harris Technologies, Inc.		41,939	$	7,302,419
Automobile Components—0.9%
Aptiv PLC (a)		31,403		3,096,022
Banks—2.5%
Fifth Third Bancorp (b)		216,980		5,496,104
Regions Financial Corp.		184,371		3,171,181
				8,667,285
Beverages—2.7%
Keurig Dr Pepper, Inc.		291,846		9,213,578
Building Products—3.2%
Carlisle Cos., Inc. (b)		42,752		11,083,884
Capital Markets—0.5%
Jefferies Financial Group, Inc.		43,799		1,604,357
Chemicals—1.6%
Ashland, Inc.		17,474		1,427,276
Huntsman Corp.		166,557		4,063,991
				5,491,267
Commercial Services & Supplies—3.5%
Republic Services, Inc.		83,824		11,945,758
Construction & Engineering—3.0%
API Group Corp. (a)		136,992		3,552,202
MasTec, Inc. (a) (b)		92,376		6,648,301
				10,200,503
Construction Materials—2.9%
Vulcan Materials Co.		50,060		10,113,121
Consumer Finance—0.5%
Discover Financial Services		21,262		1,841,927
Containers & Packaging—1.3%
AptarGroup, Inc.		26,033		3,255,166
Graphic Packaging Holding Co. (b)		53,857		1,199,934
				4,455,100
Distributors—3.0%
LKQ Corp.		210,659		10,429,727
Electric Utilities—4.2%
American Electric Power Co., Inc.		97,356		7,323,118
FirstEnergy Corp.		204,654		6,995,074
				14,318,192
Energy Equipment & Services—1.8%
Baker Hughes Co.		122,109		4,312,890
NOV, Inc. (b)		96,509		2,017,038
				6,329,928
Financial Services—1.9%
Euronet Worldwide, Inc. (a)		81,975		6,507,176
Ground Transportation—1.0%
Knight-Swift Transportation Holdings, Inc. (b)		70,595		3,540,339
Health Care Equipment & Supplies—3.9%
Alcon, Inc.		96,808		7,460,025
Zimmer Biomet Holdings, Inc.		53,665		6,022,286
				13,482,311
Health Care Providers & Services—1.0%
Laboratory Corp. of America Holdings (b)		17,453		3,508,926
Hotels, Restaurants & Leisure—2.0%
Wendy’s Co. (b)		113,357		2,313,616
Yum China Holdings, Inc.		84,764		4,723,050
				7,036,666
Household Products—4.5%
Church & Dwight Co., Inc.		78,696		7,210,915
Reynolds Consumer Products, Inc. (b)		316,640		8,115,483
				15,326,398
Insurance—10.1%
Allstate Corp.		79,560		8,863,780
Arch Capital Group Ltd. (a)		134,498		10,720,835
Axis Capital Holdings Ltd.		25,383		1,430,840
Brown & Brown, Inc.		127,193		8,883,159
Loews Corp.		79,268		5,018,457
				34,917,071
Interactive Media & Services—0.7%
Match Group, Inc. (a)		57,427		2,249,703
IT Services—2.9%
Amdocs Ltd.		116,425		9,836,748
Life Sciences Tools & Services—1.6%
Charles River Laboratories International, Inc. (a) (b)		28,581		5,601,304
Machinery—1.9%
Donaldson Co., Inc. (b)		63,218		3,770,321
Gates Industrial Corp. PLC (a)		235,644		2,735,827
				6,506,148
Metals & Mining—1.6%
Freeport-McMoRan, Inc.		149,927		5,590,778
Mortgage Real Estate Investment Trusts—2.2%
Annaly Capital Management, Inc. (b)		403,033		7,581,051
Office REITs—1.8%
Boston Properties, Inc. (b)		101,714		6,049,949

BHFTI-44

Brighthouse Funds Trust I

Allspring Mid Cap Value Portfolio

Schedule of Investments as of September 30, 2023 (Unaudited)

Common Stocks—(Continued)

Security Description	Shares		Value
Oil, Gas & Consumable Fuels—4.7%
Devon Energy Corp.		73,222	$	3,492,689
EOG Resources, Inc.		49,452		6,268,536
Targa Resources Corp.		14,342		1,229,396
Valero Energy Corp.		35,805		5,073,927
				16,064,548
Professional Services—4.2%
Dun & Bradstreet Holdings, Inc. (b)		264,343		2,640,787
Jacobs Solutions, Inc.		86,338		11,785,137
				14,425,924
Real Estate Management & Development—2.8%
CBRE Group, Inc. - Class A (a)		131,328		9,699,886
Semiconductors & Semiconductor Equipment—2.2%
ON Semiconductor Corp. (a)		26,639		2,476,095
Teradyne, Inc. (b)		50,723		5,095,633
				7,571,728
Software—1.0%
Synopsys, Inc. (a)		7,820		3,589,145
Specialized REITs—3.8%
CubeSmart (b)		94,400		3,599,472
Gaming & Leisure Properties, Inc. (b)		124,041		5,650,067
Weyerhaeuser Co.		130,536		4,002,234
				13,251,773
Specialty Retail—0.9%
Foot Locker, Inc. (b)		66,073		1,146,366
RH (a) (b)		7,285		1,925,863
				3,072,229
Trading Companies & Distributors—4.3%
AerCap Holdings NV (a)		191,330		11,990,651
Ferguson PLC		16,629		2,734,972
				14,725,623
Water Utilities—1.7%
American Water Works Co., Inc.		46,598		5,770,230
Total Common Stocks (Cost $286,934,951)				331,998,722
Escrow Shares—0.0%
Special Purpose Acquisition Companies—0.0%
Pershing Square Tontine Holdings Ltd. (a) (c) (d) (Cost $0)		277,348		0
Warrants—0.0%
Special Purpose Acquisition Companies—0.0%
Pershing Square Holdings Ltd. Expires 07/24/27 (a) (c) (d) (Cost $175,712)		30,257		0
Short-Term Investment—3.6%
Security Description	Principal Amount*		Value
Repurchase Agreement—3.6%
Fixed Income Clearing Corp. Repurchase Agreement dated 09/29/23 at 2.500%, due on 10/02/23 with a maturity value of $12,491,077; collateralized by U.S. Treasury Note at 0.750%, maturing 04/30/26, with a market value of $12,738,321.		12,488,475		12,488,475
Total Short-Term Investments (Cost $12,488,475)				12,488,475
Securities Lending Reinvestments (e)—13.1%
Certificates of Deposit—4.1%
Bank of Montreal 6.100%, SOFR + 0.790%, 11/08/23 (f)		1,000,000		1,000,643
Barclays Bank PLC 5.720%, SOFR + 0.400%, 02/14/24 (f)		1,000,000		1,000,072
BNP Paribas SA 5.760%, SOFR + 0.450%, 10/10/23 (f)		1,000,000		999,952
Canadian Imperial Bank of Commerce (NY) 5.710%, SOFR + 0.400%, 10/13/23 (f)		1,000,000		1,000,098
Credit Industriel et Commercial 5.510%, SOFR + 0.200%, 12/01/23 (f)		1,000,000		999,912
Mitsubishi UFJ Trust & Banking Corp. Zero Coupon, 10/20/23		1,000,000		996,900
Mizuho Bank Ltd. 5.610%, SOFR + 0.290%, 10/17/23 (f)		1,000,000		1,000,049
Nordea Bank Abp 5.660%, SOFR + 0.350%, 10/23/23 (f)		1,000,000		1,000,152
Oversea-Chinese Banking Corp. Ltd. 5.550%, SOFR + 0.230%, 11/13/23 (f)		1,000,000		1,000,146
Royal Bank of Canada 5.880%, FEDEFF PRV + 0.550%, 09/20/24 (f)		1,000,000		1,000,770
Sumitomo Mitsui Banking Corp. 5.770%, SOFR + 0.460%, 01/11/24 (f)		1,000,000		1,000,931
Sumitomo Mitsui Trust Bank Ltd. 5.580%, SOFR + 0.270%, 10/23/23 (f)		1,000,000		1,000,053
Toronto-Dominion Bank
5.730%, FEDEFF PRV + 0.400%, 02/13/24 (f)		1,000,000		1,000,580
5.780%, FEDEFF PRV + 0.450%, 10/13/23 (f)		1,000,000		1,000,095
				14,000,353
Commercial Paper—0.3%
UBS AG 5.600%, SOFR + 0.280%, 11/27/23 (f)		1,000,000		1,000,000
Repurchase Agreements—6.7%
Cantor Fitzgerald & Co. Repurchase Agreement dated 09/29/23 at 5.320%, due on 10/02/23 with a maturity value of $2,000,887; collateralized by U.S. Government Agency Obligations with rates ranging from 1.500% - 7.267%, maturity dates ranging from 02/01/24 - 08/20/71, and an aggregate market value of $2,040,000.		2,000,000		2,000,000

BHFTI-45

Brighthouse Funds Trust I

Allspring Mid Cap Value Portfolio

Schedule of Investments as of September 30, 2023 (Unaudited)

Securities Lending Reinvestments (e)—(Continued)

Security Description	Shares/ Principal Amount*		Value
Repurchase Agreements—(Continued)
Citigroup Global Markets, Inc.
Repurchase Agreement dated 09/29/23 at 5.470%, due on 10/06/23 with a maturity value of $800,851; collateralized by U.S. Treasury Obligations with rates ranging from 0.250% - 5.403%, maturity dates ranging from 01/31/24 - 10/31/25, and various Common Stock with an aggregate market value of $816,020.		800,000	$	800,000
Repurchase Agreement dated 09/29/23 at 5.870%, due on 04/01/24 with a maturity value of $2,060,331; collateralized by U.S. Treasury Obligations with rates ranging from 2.000% - 2.875%, maturity dates ranging from 02/15/25 - 05/15/49, and various Common Stock with an aggregate market value of $2,125,943.		2,000,000		2,000,000
ING Financial Markets LLC Repurchase Agreement dated 09/29/23 at 5.300%, due on 10/02/23 with a maturity value of $8,497,437; collateralized by U.S. Treasury Obligations with rates ranging from 0.000% - 4.500%, maturity dates ranging from 10/12/23 - 02/15/50, and an aggregate market value of $8,663,560.		8,493,686		8,493,686
National Bank of Canada
Repurchase Agreement dated 09/29/23 at 5.320%, due on 10/06/23 with a maturity value of $1,901,965; collateralized by U.S. Treasury Obligations with rates ranging from 0.000% - 4.000%, maturity dates ranging from 10/12/23 - 02/15/32, and an aggregate market value of $1,947,081.		1,900,000		1,900,000
Repurchase Agreement dated 09/29/23 at 5.450%, due on 10/06/23 with a maturity value of $5,005,299; collateralized by various Common Stock with an aggregate market value of $5,579,937.		5,000,000		5,000,000
Royal Bank of Canada Toronto Repurchase Agreement dated 09/29/23 at 5.590%, due on 11/03/23 with a maturity value of $1,005,435; collateralized by various Common Stock with an aggregate market value of $1,111,284.		1,000,000		1,000,000
Societe Generale Repurchase Agreement dated 09/29/23 at 5.420%, due on 10/02/23 with a maturity value of $100,045; collateralized by various Common Stock with an aggregate market value of $111,302.		100,000		100,000
TD Prime Services LLC Repurchase Agreement dated 09/29/23 at 5.420%, due on 10/02/23 with a maturity value of $2,000,903; collateralized by various Common Stock with an aggregate market value of $2,200,995.		2,000,000		2,000,000
				23,293,686
Time Deposit—0.3%
National Bank of Canada 5.370%, OBFR + 0.050%, 10/06/23 (f)		1,000,000		1,000,000
Mutual Funds—1.7%
Dreyfus Treasury Obligations Cash Management Fund, Institutional Class 5.230% (g)		2,000,000		2,000,000
Fidelity Investments Money Market Government Portfolio, Class I 5.230% (g)		1,000,000		1,000,000
Mutual Funds—(Continued)
Goldman Sachs Financial Square Government Fund, Institutional Shares 5.240% (g)		2,000,000		2,000,000
RBC U.S. Government Money Market Fund, Institutional Shares 5.270% (g)		1,000,000		1,000,000
				6,000,000
Total Securities Lending Reinvestments (Cost $45,290,901)				45,294,039
Total Investments—113.1% (Cost $344,890,039)				389,781,236
Other assets and liabilities (net)—(13.1)%				(45,292,047	)
Net Assets—100.0%			$	344,489,189

*	Principal amount stated in U.S. dollars unless otherwise noted.
(a)	Non-income producing security.
(b)	All or a portion of the security was held on loan. As of September 30, 2023, the market value of securities loaned was $47,975,322 and the collateral received consisted of cash in the amount of $45,279,453 and non-cash collateral with a value of $3,887,769. 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)	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 subject to oversight by the Board of Trustees. As of September 30, 2023, these securities represent less than 0.05% of net assets.
(e)	Represents investment of cash collateral received from securities on loan as of September 30, 2023.
(f)	Variable or floating rate security. The stated rate represents the rate at September 30, 2023. Maturity date shown for callable securities reflects the earliest possible call date. For securities based on a published reference index and spread, the index and spread are indicated in the description above. For certain variable rate securities, the coupon rate is determined by the issuer/agent based on current market conditions. For certain asset- and mortgage-backed securities, the coupon rate may fluctuate based on changes of the underlying collateral or prepayments of principal. These securities do not indicate a reference index and spread in their description above.
(g)	The rate shown represents the annualized seven-day yield as of September 30, 2023.

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

(REIT)— Real Estate Investment Trust

BHFTI-46

Brighthouse Funds Trust I

Allspring Mid Cap Value Portfolio

Schedule of Investments as of September 30, 2023 (Unaudited)

Fair Value Hierarchy

Accounting principles generally accepted in the United States of America (“GAAP”) define fair market value as the price that the Portfolio would receive to sell an asset or pay to transfer a liability in an orderly transaction between market participants at the measurement date. It establishes a fair value hierarchy that prioritizes inputs to valuation methods and requires disclosure of the fair value hierarchy, separately for each major category of assets and liabilities, that segregates fair value measurements into three levels. Levels 1, 2 and 3 of the fair value hierarchy are defined as follows:

Level 1 - unadjusted quoted prices in active markets for identical investments

Level 2 - other significant observable inputs (including, but not limited to, quoted prices for similar assets or liabilities in markets that are either active or inactive; inputs other than quoted prices that are observable such as interest rates, yield curves, volatilities, prepayment speeds, loss severities, credit risks, default rates, or other market corroborated inputs)

Level 3 - significant unobservable inputs based on the best information available in the circumstances, to the extent observable inputs are unavailable (including the Portfolio’s own assumptions used in determining the fair value of investments and derivative financial instruments)

The inputs or methodologies used for valuing investments are not necessarily an indication of the risk associated with investing in them. Changes to the inputs or methodologies used may result in transfers between levels. A reconciliation of Level 3 securities, if any, will be disclosed following the fair value hierarchy table. For more information about the Portfolio’s policy regarding the valuation of investments, please refer to the Notes to Schedule of Investments.

The following table summarizes the fair value hierarchy of the Portfolio’s investments as of September 30, 2023:

Description	Level 1		Level 2			Level 3		Total
Total Common Stocks*	$	331,998,722	$	—		$	—	$	331,998,722
Total Escrow Shares*		—		—			0		0
Total Warrants*		—		—			0		0
Total Short-Term Investment*		—		12,488,475			—		12,488,475
Securities Lending Reinvestments
Certificates of Deposit		—		14,000,353			—		14,000,353
Commercial Paper		—		1,000,000			—		1,000,000
Repurchase Agreements		—		23,293,686			—		23,293,686
Time Deposit		—		1,000,000			—		1,000,000
Mutual Funds		6,000,000		—			—		6,000,000
Total Securities Lending Reinvestments		6,000,000		39,294,039			—		45,294,039
Total Investments	$	337,998,722	$	51,782,514		$	0	$	389,781,236
Collateral for Securities Loaned (Liability)	$	—	$	(45,279,453	)	$	—	$	(45,279,453	)

* See Schedule of Investments for additional detailed categorizations.

Level 3 investments at the beginning and/or end of the period in relation to net assets were not significant and accordingly, a reconciliation of Level 3 assets for the period ended September 30, 2023 is not presented.

BHFTI-47

Brighthouse Funds Trust I

American Funds Balanced Allocation Portfolio

Schedule of Investments as of September 30, 2023 (Unaudited)

Mutual Funds—100.1% of Net Assets

Security Description	Shares		Value
Investment Company Securities—100.1%
American Funds AMCAP Fund (Class R-6)		8,601,334	$	302,594,941
American Funds American Mutual Fund (Class R-6)		5,569,279		266,434,298
American Funds Capital World Bond Fund (Class 1) (a)		12,013,181		111,962,847
American Funds Fundamental Investors Fund (Class R-6)		4,638,846		305,050,521
American Funds Growth Fund (Class 1)		3,708,748		322,809,387
American Funds Growth-Income Fund (Class 1)		6,477,947		343,266,432
American Funds High-Income Trust Fund (Class R-6)		16,988,588		153,406,951
American Funds International Fund (Class 1) (a)		15,740,694		253,582,578
American Funds International Growth & Income Fund (Class R-6) (a)		10,150,439		333,746,426
American Funds New World Fund (Class 1)		3,215,849		76,312,104
American Funds SMALLCAP World Fund (Class R-6)		1,844,358		113,096,017
American Funds The Bond Fund of America (Class 1) (a)		53,159,156		490,127,417
Investment Company Securities—(Continued)
American Funds U.S. Government Securities Fund (Class R-6)		35,852,857		415,893,146
American Funds Washington Mutual Investors Fund (Class 1) (a)		23,097,520		305,349,217
Total Mutual Funds (Cost $3,985,686,648)				3,793,632,282
Total Investments—100.1% (Cost $3,985,686,648)				3,793,632,282
Other assets and liabilities (net)—(0.1)%				(2,159,439	)
Net Assets—100.0%			$	3,791,472,843

(a) Affiliated Issuer.

Fair Value Hierarchy

Accounting principles generally accepted in the United States of America (“GAAP”) define fair market value as the price that the Portfolio would receive to sell an asset or pay to transfer a liability in an orderly transaction between market participants at the measurement date. It establishes a fair value hierarchy that prioritizes inputs to valuation methods and requires disclosure of the fair value hierarchy, separately for each major category of assets and liabilities, that segregates fair value measurements into three levels. Levels 1, 2 and 3 of the fair value hierarchy are defined as follows:

Level 1 - unadjusted quoted prices in active markets for identical investments

Level 2 - other significant observable inputs (including, but not limited to, quoted prices for similar assets or liabilities in markets that are either active or inactive; inputs other than quoted prices that are observable such as interest rates, yield curves, volatilities, prepayment speeds, loss severities, credit risks, default rates, or other market corroborated inputs)

Level 3 - significant unobservable inputs based on the best information available in the circumstances, to the extent observable inputs are unavailable (including the Portfolio’s own assumptions used in determining the fair value of investments and derivative financial instruments)

The inputs or methodologies used for valuing investments are not necessarily an indication of the risk associated with investing in them. Changes to the inputs or methodologies used may result in transfers between levels. A reconciliation of Level 3 securities, if any, will be disclosed following the fair value hierarchy table. For more information about the Portfolio’s policy regarding the valuation of investments, please refer to the Notes to Schedule of Investments.

The following table summarizes the fair value hierarchy of the Portfolio’s investments as of September 30, 2023:

Description	Level 1		Level 2		Level 3		Total
Mutual Funds
Investment Company Securities	$	3,793,632,282	$	—	$	—	$	3,793,632,282
Total Investments	$	3,793,632,282	$	—	$	—	$	3,793,632,282

BHFTI-48

Brighthouse Funds Trust I

American Funds Growth Allocation Portfolio

Schedule of Investments as of September 30, 2023 (Unaudited)

Mutual Funds—100.1% of Net Assets

Security Description	Shares		Value
Investment Company Securities—100.1%
American Funds AMCAP Fund (Class R-6)		8,480,985	$	298,361,060
American Funds American Mutual Fund (Class R-6)		4,892,005		234,033,503
American Funds Capital World Bond Fund (Class 1) (a)		4,105,358		38,261,941
American Funds Fundamental Investors Fund (Class R-6)		4,365,266		287,059,900
American Funds Growth Fund (Class 1)		3,137,820		273,115,873
American Funds Growth-Income Fund (Class 1)		4,924,115		260,928,856
American Funds High-Income Trust Fund (Class R-6)		7,257,246		65,532,934
American Funds International Fund (Class 1) (a)		14,260,556		229,737,554
American Funds International Growth & Income Fund (Class R-6) (a)		8,685,905		285,592,565
American Funds New World Fund (Class 1)		3,296,156		78,217,773
American Funds SMALLCAP World Fund (Class R-6)		2,107,351		129,222,763
American Funds The Bond Fund of America (Class 1)		12,696,723		117,063,783
Investment Company Securities—(Continued)
American Funds U.S. Government Securities Fund (Class R-6)		3,374,997		39,149,965
American Funds Washington Mutual Investors Fund (Class 1)		19,736,464		260,916,056
Total Mutual Funds (Cost $2,607,800,639)				2,597,194,526
Total Investments—100.1% (Cost $2,607,800,639)				2,597,194,526
Other assets and liabilities (net)—(0.1)%				(1,552,959	)
Net Assets—100.0%			$	2,595,641,567

(a) Affiliated Issuer.

Fair Value Hierarchy

Accounting principles generally accepted in the United States of America (“GAAP”) define fair market value as the price that the Portfolio would receive to sell an asset or pay to transfer a liability in an orderly transaction between market participants at the measurement date. It establishes a fair value hierarchy that prioritizes inputs to valuation methods and requires disclosure of the fair value hierarchy, separately for each major category of assets and liabilities, that segregates fair value measurements into three levels. Levels 1, 2 and 3 of the fair value hierarchy are defined as follows:

Level 1 - unadjusted quoted prices in active markets for identical investments

Level 2 - other significant observable inputs (including, but not limited to, quoted prices for similar assets or liabilities in markets that are either active or inactive; inputs other than quoted prices that are observable such as interest rates, yield curves, volatilities, prepayment speeds, loss severities, credit risks, default rates, or other market corroborated inputs)

Level 3 - significant unobservable inputs based on the best information available in the circumstances, to the extent observable inputs are unavailable (including the Portfolio’s own assumptions used in determining the fair value of investments and derivative financial instruments)

The inputs or methodologies used for valuing investments are not necessarily an indication of the risk associated with investing in them. Changes to the inputs or methodologies used may result in transfers between levels. A reconciliation of Level 3 securities, if any, will be disclosed following the fair value hierarchy table. For more information about the Portfolio’s policy regarding the valuation of investments, please refer to the Notes to Schedule of Investments.

The following table summarizes the fair value hierarchy of the Portfolio’s investments as of September 30, 2023:

Description	Level 1		Level 2		Level 3		Total
Mutual Funds
Investment Company Securities	$	2,597,194,526	$	—	$	—	$	2,597,194,526
Total Investments	$	2,597,194,526	$	—	$	—	$	2,597,194,526

BHFTI-49

Brighthouse Funds Trust I

American Funds Growth Portfolio

Schedule of Investments as of September 30, 2023 (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 $1,414,441,395)		17,185,181	$	1,495,798,179
Total Investments— 100.1% (Cost $1,414,441,395)				1,495,798,179
Other assets and liabilities (net) — (0.1)%				(922,306	)
Net Assets — 100.0%			$	1,494,875,873

(a) Affiliated Issuer.

Fair Value Hierarchy

Accounting principles generally accepted in the United States of America (“GAAP”) define fair market value as the price that the Portfolio would receive to sell an asset or pay to transfer a liability in an orderly transaction between market participants at the measurement date. It establishes a fair value hierarchy that prioritizes inputs to valuation methods and requires disclosure of the fair value hierarchy, separately for each major category of assets and liabilities, that segregates fair value measurements into three levels. Levels 1, 2 and 3 of the fair value hierarchy are defined as follows:

Level 1 - unadjusted quoted prices in active markets for identical investments

Level 2 - other significant observable inputs (including, but not limited to, quoted prices for similar assets or liabilities in markets that are either active or inactive; inputs other than quoted prices that are observable such as interest rates, yield curves, volatilities, prepayment speeds, loss severities, credit risks, default rates, or other market corroborated inputs)

Level 3 - significant unobservable inputs based on the best information available in the circumstances, to the extent observable inputs are unavailable (including the Portfolio’s own assumptions used in determining the fair value of investments and derivative financial instruments)

The inputs or methodologies used for valuing investments are not necessarily an indication of the risk associated with investing in them. Changes to the inputs or methodologies used may result in transfers between levels. A reconciliation of Level 3 securities, if any, will be disclosed following the fair value hierarchy table. For more information about the Portfolio’s policy regarding the valuation of investments, please refer to the Notes to Schedule of Investments.

The following table summarizes the fair value hierarchy of the Portfolio’s investments as of September 30, 2023:

Description	Level 1		Level 2		Level 3		Total
Mutual Funds
Investment Company Securities	$	1,495,798,179	$	—	$	—	$	1,495,798,179
Total Investments	$	1,495,798,179	$	—	$	—	$	1,495,798,179

BHFTI-50

Brighthouse Funds Trust I

American Funds Moderate Allocation Portfolio

Schedule of Investments as of September 30, 2023 (Unaudited)

Mutual Funds—100.1% of Net Assets

Security Description	Shares		Value
Investment Company Securities—100.1%
American Funds AMCAP Fund (Class R-6)		2,721,330	$	95,736,376
American Funds American Mutual Fund (Class R-6)		3,228,025		154,428,728
American Funds Capital World Bond Fund (Class 1) (a)		6,227,011		58,035,742
American Funds Fundamental Investors Fund (Class R-6)		1,468,569		96,573,095
American Funds Growth Fund (Class 1)		1,101,879		95,907,540
American Funds Growth-Income Fund (Class 1)		2,917,372		154,591,564
American Funds High-Income Trust Fund (Class R-6)		10,823,024		97,731,906
American Funds International Fund (Class 1)		6,551,409		105,543,202
American Funds International Growth & Income Fund (Class R-6)		3,819,667		125,590,664
American Funds New World Fund (Class 1)		815,353		19,348,333
American Funds SMALLCAP World Fund (Class R-6)		312,051		19,134,973
American Funds The Bond Fund of America (Class 1) (a)		40,017,327		368,959,754
American Funds U.S. Government Securities Fund (Class R-6)		33,305,579		386,344,715
American Funds Washington Mutual Investors Fund (Class 1)		11,710,079		154,807,245
Total Mutual Funds (Cost $2,093,832,696)				1,932,733,837
Total Investments—100.1% (Cost $2,093,832,696)				1,932,733,837
Other assets and liabilities (net)—(0.1)%				(1,222,805	)
Net Assets—100.0%			$	1,931,511,032

(a) Affiliated Issuer.

Fair Value Hierarchy

Accounting principles generally accepted in the United States of America (“GAAP”) define fair market value as the price that the Portfolio would receive to sell an asset or pay to transfer a liability in an orderly transaction between market participants at the measurement date. It establishes a fair value hierarchy that prioritizes inputs to valuation methods and requires disclosure of the fair value hierarchy, separately for each major category of assets and liabilities, that segregates fair value measurements into three levels. Levels 1, 2 and 3 of the fair value hierarchy are defined as follows:

Level 1 - unadjusted quoted prices in active markets for identical investments

Level 2 - other significant observable inputs (including, but not limited to, quoted prices for similar assets or liabilities in markets that are either active or inactive; inputs other than quoted prices that are observable such as interest rates, yield curves, volatilities, prepayment speeds, loss severities, credit risks, default rates, or other market corroborated inputs)

Level 3 - significant unobservable inputs based on the best information available in the circumstances, to the extent observable inputs are unavailable (including the Portfolio’s own assumptions used in determining the fair value of investments and derivative financial instruments)

The inputs or methodologies used for valuing investments are not necessarily an indication of the risk associated with investing in them. Changes to the inputs or methodologies used may result in transfers between levels. A reconciliation of Level 3 securities, if any, will be disclosed following the fair value hierarchy table. For more information about the Portfolio’s policy regarding the valuation of investments, please refer to the Notes to Schedule of Investments.

The following table summarizes the fair value hierarchy of the Portfolio’s investments as of September 30, 2023:

Description	Level 1		Level 2		Level 3		Total
Mutual Funds
Investment Company Securities	$	1,932,733,837	$	—	$	—	$	1,932,733,837
Total Investments	$	1,932,733,837	$	—	$	—	$	1,932,733,837

BHFTI-51

Brighthouse Funds Trust I

BlackRock Global Tactical Strategies Portfolio

Consolidated Schedule of Investments as of September 30, 2023 (Unaudited)

Mutual Funds—89.9% of Net Assets

Security Description	Shares/ Principal Amount*		Value
Investment Company Securities—89.9%
Communication Services Select Sector SPDR Fund (a)		876,989	$	57,504,169
Consumer Discretionary Select Sector SPDR Fund (a)		418,953		67,443,054
Consumer Staples Select Sector SPDR Fund (a)		595,451		40,972,983
Energy Select Sector SPDR Fund		341,490		30,867,281
Financial Select Sector SPDR Fund (a)		2,095,451		69,506,110
Health Care Select Sector SPDR Fund (a)		672,958		86,636,613
Industrial Select Sector SPDR Fund (a)		538,391		54,582,080
iShares Core MSCI EAFE ETF (a)(b)		15,340,767		987,178,356
iShares Core S&P 500 ETF (a)(b)		1,062,010		456,058,954
iShares Core U.S. Aggregate Bond ETF (a)(b)		5,786,131		544,127,759
iShares U.S. Real Estate ETF (a)(b)		1,028,134		80,338,391
Materials Select Sector SPDR Fund (a)		216,812		17,030,583
Real Estate Select Sector SPDR Fund (a)		449,808		15,324,958
Technology Select Sector SPDR Fund (a)		1,072,358		175,791,647
Utilities Select Sector SPDR Fund (a)		277,697		16,364,684
Vanguard Total Bond Market ETF (a)		12,566,979		876,923,795
Total Mutual Funds (Cost $3,327,086,676)				3,576,651,417
Short-Term Investments—6.6%
Mutual Funds—4.6%
SSGA USD Liquidity Fund, D Shares, 5.480% (c)		183,644,274		183,644,274
Repurchase Agreement—2.0%
Fixed Income Clearing Corp. Repurchase Agreement dated 09/29/23 at 2.500%, due on 10/02/23 with a maturity value of $77,898,716; collateralized by U.S. Treasury Note at 0.750%, maturing 04/30/26, with a market value of $79,440,203.		77,882,491		77,882,491
Total Short-Term Investments (Cost $261,526,765)				261,526,765
Securities Lending Reinvestments (d)—29.2%
Certificates of Deposit — 3.9%
Bank of America N.A. 5.660%, SOFR + 0.340%, 03/08/24 (e)		5,000,000		5,000,425
5.700%, FEDEFF PRV + 0.370%, 11/17/23 (e)		8,000,000		8,001,080
Barclays Bank PLC 5.720%, SOFR + 0.400%, 02/14/24 (e)		10,000,000		10,000,720
BNP Paribas SA 5.760%, SOFR + 0.450%, 10/10/23 (e)		10,000,000		9,999,520
Canadian Imperial Bank of Commerce (NY) 5.710%, SOFR + 0.400%, 10/13/23 (e)		10,000,000		10,000,980
Credit Industriel et Commercial 5.510%, SOFR + 0.200%, 12/01/23 (e)		5,000,000		4,999,560
Mitsubishi UFJ Trust & Banking Corp.
Zero Coupon, 10/19/23		4,000,000		3,988,200
Zero Coupon, 10/20/23		2,500,000		2,492,250
Zero Coupon, 11/09/23		4,000,000		3,975,520
Zero Coupon, 02/08/24		5,000,000		4,896,150
Zero Coupon, 03/13/24		2,000,000		1,947,560
Mizuho Bank Ltd. 5.610%, SOFR + 0.290%, 10/17/23 (e)		10,000,000		10,000,490
Certificates of Deposit —(Continued)
MUFG Bank Ltd. (London)
Zero Coupon, 10/18/23		2,000,000		1,994,400
Zero Coupon, 10/30/23		2,000,000		1,990,780
Zero Coupon, 11/20/23		2,000,000		1,984,380
National Westminster Bank PLC
Zero Coupon, 02/20/24		2,000,000		1,954,640
Zero Coupon, 03/04/24		2,000,000		1,950,480
Nordea Bank Abp 5.660%, SOFR + 0.350%, 10/23/23 (e)		9,000,000		9,001,368
Oversea-Chinese Banking Corp. Ltd. 5.550%, SOFR + 0.230%, 11/13/23 (e)		10,000,000		10,001,460
Royal Bank of Canada 5.710%, FEDEFF PRV + 0.380%, 11/27/23 (e)		8,000,000		8,002,016
5.880%, FEDEFF PRV + 0.550%, 09/20/24 (e)		5,000,000		5,003,850
Standard Chartered Bank 5.680%, SOFR + 0.370%, 03/12/24 (e)		5,000,000		5,000,000
Sumitomo Mitsui Trust Bank Ltd.
Zero Coupon, 11/10/23		1,500,000		1,490,580
Zero Coupon, 12/19/23		1,500,000		1,481,430
Svenska Handelsbanken AB 5.840%, SOFR + 0.520%, 04/19/24 (e)		10,000,000		10,006,050
Toronto-Dominion Bank 5.780%, FEDEFF PRV + 0.450%, 10/13/23 (e)		10,000,000		10,000,950
Wells Fargo Bank N.A. 5.780%, SOFR + 0.470%, 11/09/23 (e)		10,000,000		10,003,600
				155,168,439
Commercial Paper—1.9%
Bedford Row Funding Corp. 5.560%, SOFR + 0.250%, 10/17/23 (e)		10,000,000		10,000,530
Fairway Finance Co. LLC 5.760%, SOFR + 0.450%, 10/04/23 (e)		8,000,000		8,000,147
National Australia Bank Ltd. 5.660%, SOFR + 0.350%, 12/05/23 (e)		10,000,000		10,002,200
Old Line Funding LLC 5.620%, SOFR + 0.300%, 12/28/23 (e)		17,000,000		16,999,983
Skandinaviska Enskilda Banken AB 5.680%, SOFR + 0.360%, 11/15/23 (e)		8,000,000		8,002,160
5.700%, SOFR + 0.380%, 12/15/23 (e)		10,000,000		10,004,000
UBS AG 5.600%, SOFR + 0.280%, 11/27/23 (e)		14,000,000		14,000,000
				77,009,020
Repurchase Agreements—13.2%
Bank of Nova Scotia Repurchase Agreement dated 09/29/23 at 5.450%, due on 10/02/23 with a maturity value of $11,004,996; collateralized by various Common Stock with an aggregate market value of $12,231,475.		11,000,000		11,000,000
Barclays Bank PLC Repurchase Agreement dated 09/29/23 at 5.670%, due on 01/02/24 with a maturity value of $10,149,625; collateralized by various Common Stock with an aggregate market value of $11,143,961.		10,000,000		10,000,000

BHFTI-52

Brighthouse Funds Trust I

BlackRock Global Tactical Strategies Portfolio

Consolidated Schedule of Investments as of September 30, 2023 (Unaudited)

Securities Lending Reinvestments (d)—(Continued)

Security Description	Principal Amount*		Value
Repurchase Agreements—(Continued)
Citigroup Global Markets, Inc.
Repurchase Agreement dated 09/29/23 at 5.470%, due on 10/06/23 with a maturity value of $34,693,204; collateralized by U.S. Treasury Obligations with rates ranging from 0.250% - 5.403%, maturity dates ranging from 01/31/24 - 10/31/25, and various Common Stock with an aggregate market value of $35,350,324.		34,656,343	$	34,656,343
Repurchase Agreement dated 09/29/23 at 5.620%, due on 11/03/23 with a maturity value of $18,098,350; collateralized by U.S. Treasury Obligations with rates ranging from 0.125% - 4.250%, maturity dates ranging from 07/15/25 - 11/30/28, and various Common Stock with an aggregate market value of $18,361,316.		18,000,000		18,000,000
Repurchase Agreement dated 09/29/23 at 5.870%, due on 04/01/24 with a maturity value of $30,904,958; collateralized by U.S. Treasury Obligations with rates ranging from 2.000% - 2.875%, maturity dates ranging from 02/15/25 - 05/15/49, and various Common Stock with an aggregate market value of $31,889,139.		30,000,000		30,000,000
National Bank Financial, Inc. Repurchase Agreement dated 09/29/23 at 5.320%, due on 10/02/23 with a maturity value of $25,311,216; collateralized by U.S. Treasury Obligations with rates ranging from 0.625% - 3.875%, maturity dates ranging from 01/15/26 - 11/15/41, and an aggregate market value of $25,926,925.		25,300,000		25,300,000
National Bank of Canada
Repurchase Agreement dated 09/29/23 at 5.320%, due on 10/06/23 with a maturity value of $50,185,142; collateralized by U.S. Treasury Obligations with rates ranging from 0.000% - 4.000%, maturity dates ranging from 10/12/23 - 02/15/32, and an aggregate market value of $51,375,563.		50,133,281		50,133,281
Repurchase Agreement dated 09/29/23 at 5.450%, due on 10/06/23 with a maturity value of $152,161,078; collateralized by various Common Stock with an aggregate market value of $169,630,078.		152,000,000		152,000,000
Natwest Markets Securities, Inc. Repurchase Agreement dated 09/29/23 at 5.280%, due on 10/02/23 with a maturity value of $114,806,127; collateralized by U.S. Treasury Obligations with rates ranging from 0.375% - 3.875%, maturity dates ranging from 01/31/24 - 08/31/29, and an aggregate market value of $117,102,289.		114,755,635		114,755,635
NBC Global Finance Ltd. Repurchase Agreement dated 09/29/23 at 5.460%, due on 10/02/23 with a maturity value of $35,015,925; collateralized by various Common Stock with an aggregate market value of $39,059,820.		35,000,000		35,000,000
Royal Bank of Canada Toronto Repurchase Agreement dated 09/29/23 at 5.590%, due on 11/03/23 with a maturity value of $20,108,694; collateralized by various Common Stock with an aggregate market value of $22,225,673.		20,000,000		20,000,000
Repurchase Agreements—(Continued)
Societe Generale Repurchase Agreement dated 09/29/23 at 5.420%, due on 10/02/23 with a maturity value of $917,034; collateralized by various Common Stock with an aggregate market value of $1,020,215.		916,620		916,620
TD Prime Services LLC Repurchase Agreement dated 09/29/23 at 5.420%, due on 10/02/23 with a maturity value of $23,510,614; collateralized by various Common Stock with an aggregate market value of $25,861,694.		23,500,000		23,500,000
				525,261,879
Time Deposits—2.9%
Barclays (NY) 5.330%, 10/02/23		10,000,000		10,000,000
First Abu Dhabi Bank USA NV 5.320%, 10/02/23		50,000,000		50,000,000
National Bank of Canada 5.370%, OBFR + 0.050%, 10/06/23 (e)		54,000,000		54,000,000
				114,000,000
Mutual Funds—7.3%
Dreyfus Treasury Obligations Cash Management Fund, Institutional Class 5.230% (c)		50,000,000		50,000,000
Fidelity Investments Money Market Government Portfolio, Class I 5.230% (c)		9,120,892		9,120,892
Fidelity Investments Money Market Government Portfolio, Institutional Class 5.270% (c)		10,000,000		10,000,000
Goldman Sachs Financial Square Government Fund, Institutional Shares 5.240% (c)		80,000,000		80,000,000
Morgan Stanley Liquidity Funds Government Portfolio, Institutional Shares 5.270% (c)		55,136,529		55,136,529
RBC U.S. Government Money Market Fund, Institutional Shares 5.270% (c)		19,869,855		19,869,855
State Street Institutional U.S. Government Money Market Fund, Premier Class 5.290% (c)		35,329,273		35,329,273
STIT-Government & Agency Portfolio, Institutional Class 5.260% (c)		18,849,652		18,849,652
Western Asset Institutional Government Reserves Fund, Institutional Class 5.250% (c)		10,200,000		10,200,000
				288,506,201
Total Securities Lending Reinvestments (Cost $1,159,926,053)				1,159,945,539
Total Investments—125.7% (Cost $4,748,539,494)				4,998,123,721
Other assets and liabilities (net)—(25.7)%				(1,022,103,279	)
Net Assets—100.0%			$	3,976,020,442

BHFTI-53

Brighthouse Funds Trust I

BlackRock Global Tactical Strategies Portfolio

Consolidated Schedule of Investments as of September 30, 2023 (Unaudited)

*	Principal amount stated in U.S. dollars unless otherwise noted.
(a)	All or a portion of the security was held on loan. As of September 30, 2023, the market value of securities loaned was $1,182,691,050 and the collateral received consisted of cash in the amount of $1,159,710,938 and non-cash collateral with a value of $53,919,888. The cash collateral investments are disclosed in the Consolidated Schedule of Investments and categorized as Securities Lending Reinvestments. The non-cash collateral received consists of U.S. government securities that are held in safe-keeping by the lending agent, or a third-party custodian, and cannot be sold or repledged by the Portfolio.
(b)	Affiliated Issuer.
(c)	The rate shown represents the annualized seven-day yield as of September 30, 2023.
(d)	Represents investment of cash collateral received from securities on loan as of September 30, 2023.
(e)	Variable or floating rate security. The stated rate represents the rate at September 30, 2023. 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	65,330,237	GSI		12/20/23		USD	41,828,795	$	288,162
CAD	57,864,550	JPMC		12/20/23		USD	42,442,617		212,324
EUR	77,112,495	JPMC		12/20/23		USD	83,054,013		(1,227,923	)
Contracts to Deliver
AUD	6,550,000	GSI		12/20/23		USD	4,193,749		(28,891	)
EUR	1,106,875	DBAG		12/20/23		USD	1,191,978		17,444
GBP	4,314,000	DBAG		12/20/23		USD	5,393,445		127,072
JPY	534,016,801	DBAG		12/20/23		USD	3,676,773		57,212
Net Unrealized Depreciation								$	(554,600	)

Futures Contracts

Futures Contracts—Long	Expiration Date		Number of Contracts			Notional Value				Value/ Unrealized Appreciation/ (Depreciation)
MSCI EAFE Index Mini Futures		12/15/23		177			USD	18,067,275		$	(489,117	)
Russell 2000 Index E-Mini Futures		12/15/23		915			USD	82,285,950			(3,585,195	)
Futures Contracts—Short
S&P 500 Index E-Mini Futures		12/15/23		(101	)		USD	(21,843,775	)		428,717
U.S. Treasury Long Bond Futures		12/19/23		(731	)		USD	(83,174,094	)		4,540,981
U.S. Treasury Ultra Long Bond Futures		12/19/23		(319	)		USD	(37,861,313	)		2,793,162
Net Unrealized Appreciation										$	3,688,548

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	3.225%	Annually		05/10/33		USD	617,211,771	$	(50,423,467	)	$	399,868	$	(50,823,335	)
Pay	12M SOFR		Annually	3.375%	Annually		02/15/33		USD	250,000,000		(17,173,068	)		3,781		(17,176,849	)
Pay	12M SOFR		Annually	3.515%	Annually		06/21/33		USD	441,000,000		(26,290,237	)		55,764		(26,346,001	)
Totals											$	(93,886,772	)	$	459,413	$	(94,346,185	)

BHFTI-54

Brighthouse Funds Trust I

BlackRock Global Tactical Strategies Portfolio

Consolidated Schedule of Investments as of September 30, 2023 (Unaudited)

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/(Received)		Unrealized Appreciation/ (Depreciation)(1)
Pay	3M SOFR		Quarterly	11/10/23	GSI	Russell 1000 Value Index		USD   84,040,268	$	(3,981,705	)	$	—	$	(3,981,705	)
Pay	3M UST		Quarterly	05/31/24	JPMC	S&P GSCI Commodity Index		USD  155,281,136		6,391,125			—		6,391,125
Totals									$	2,409,420		$	—	$	2,409,420

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

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
(UST)—	U.S. Treasury Bill Rate

Other Abbreviations

(ETF)— Exchange-Traded Fund

BHFTI-55

Brighthouse Funds Trust I

BlackRock Global Tactical Strategies Portfolio

Consolidated Schedule of Investments as of September 30, 2023 (Unaudited)

Fair Value Hierarchy

Accounting principles generally accepted in the United States of America (“GAAP”) define fair market value as the price that the Portfolio would receive to sell an asset or pay to transfer a liability in an orderly transaction between market participants at the measurement date. It establishes a fair value hierarchy that prioritizes inputs to valuation methods and requires disclosure of the fair value hierarchy, separately for each major category of assets and liabilities, that segregates fair value measurements into three levels. Levels 1, 2 and 3 of the fair value hierarchy are defined as follows:

Level 1 - unadjusted quoted prices in active markets for identical investments

Level 2 - other significant observable inputs (including, but not limited to, quoted prices for similar assets or liabilities in markets that are either active or inactive; inputs other than quoted prices that are observable such as interest rates, yield curves, volatilities, prepayment speeds, loss severities, credit risks, default rates, or other market corroborated inputs)

Level 3 - significant unobservable inputs based on the best information available in the circumstances, to the extent observable inputs are unavailable (including the Portfolio’s own assumptions used in determining the fair value of investments and derivative financial instruments)

The inputs or methodologies used for valuing investments are not necessarily an indication of the risk associated with investing in them. Changes to the inputs or methodologies used may result in transfers between levels. A reconciliation of Level 3 securities, if any, will be disclosed following the fair value hierarchy table. For more information about the Portfolio’s policy regarding the valuation of investments, please refer to the Notes to Schedule of Investments.

The following table summarizes the fair value hierarchy of the Portfolio’s investments as of September 30, 2023:

Description	Level 1			Level 2			Level 3		Total
Mutual Funds
Investment Company Securities	$	3,576,651,417		$	—		$	—	$	3,576,651,417
Short-Term Investments
Mutual Funds		183,644,274			—			—		183,644,274
Repurchase Agreement		—			77,882,491			—		77,882,491
Total Short-Term Investments		183,644,274			77,882,491			—		261,526,765
Securities Lending Reinvestments
Certificates of Deposit		—			155,168,439			—		155,168,439
Commercial Paper		—			77,009,020			—		77,009,020
Repurchase Agreements		—			525,261,879			—		525,261,879
Time Deposits		—			114,000,000			—		114,000,000
Mutual Funds		288,506,201			—			—		288,506,201
Total Securities Lending Reinvestments		288,506,201			871,439,338			—		1,159,945,539
Total Investments	$	4,048,801,892		$	949,321,829		$	—	$	4,998,123,721
Collateral for Securities Loaned (Liability)	$	—		$	(1,159,710,938	)	$	—	$	(1,159,710,938	)
Forward Contracts
Forward Foreign Currency Exchange Contracts (Unrealized Appreciation)	$	—		$	702,214		$	—	$	702,214
Forward Foreign Currency Exchange Contracts (Unrealized Depreciation)		—			(1,256,814	)		—		(1,256,814	)
Total Forward Contracts	$	—		$	(554,600	)	$	—	$	(554,600	)
Futures Contracts
Futures Contracts (Unrealized Appreciation)	$	7,762,860		$	—		$	—	$	7,762,860
Futures Contracts (Unrealized Depreciation)		(4,074,312	)		—			—		(4,074,312	)
Total Futures Contracts	$	3,688,548		$	—		$	—	$	3,688,548
Centrally Cleared Swap Contracts
Centrally Cleared Swap Contracts (Unrealized Depreciation)	$	—		$	(94,346,185	)	$	—	$	(94,346,185	)
OTC Swap Contracts
OTC Swap Contracts at Value (Assets)	$	—		$	6,391,125		$	—	$	6,391,125
OTC Swap Contracts at Value (Liabilities)		—			(3,981,705	)		—		(3,981,705	)
Total OTC Swap Contracts	$	—		$	2,409,420		$	—	$	2,409,420

BHFTI-56

Brighthouse Funds Trust I

BlackRock High Yield Portfolio

Schedule of Investments as of September 30, 2023 (Unaudited)

Corporate Bonds & Notes—88.9% of Net Assets

Security Description	Principal Amount*		Value
Advertising—1.1%
Clear Channel International BV 6.625%, 08/01/25 (144A)		1,009,000	$	997,495
Clear Channel Outdoor Holdings, Inc. 5.125%, 08/15/27 (144A) (a)		2,545,000		2,259,941
7.500%, 06/01/29 (144A) (a)		2,096,000		1,602,673
7.750%, 04/15/28 (144A) (a)		490,000		391,222
9.000%, 09/15/28		2,366,000		2,343,144
CMG Media Corp. 8.875%, 12/15/27 (144A) (a)		861,000		673,922
Outfront Media Capital LLC/Outfront Media Capital Corp. 4.250%, 01/15/29 (144A)		1,048,000		831,609
4.625%, 03/15/30 (144A)		146,000		114,772
5.000%, 08/15/27 (144A) (a)		1,067,000		940,114
Stagwell Global LLC 5.625%, 08/15/29 (144A)		275,000		222,062
Summer BC Holdco B Sarl 5.750%, 10/31/26 (EUR)		100,000		96,870
				10,473,824
Aerospace/Defense—3.9%
Bombardier, Inc. 6.000%, 02/15/28 (144A)		1,515,000		1,374,402
7.125%, 06/15/26 (144A)		2,413,000		2,337,858
7.450%, 05/01/34 (144A)		374,000		423,682
7.500%, 03/15/25 (144A)		26,000		25,893
7.500%, 02/01/29 (144A)		1,573,000		1,492,724
7.875%, 04/15/27 (144A) (a)		2,287,000		2,231,533
Embraer Netherlands Finance BV 7.000%, 07/28/30 (144A)		1,071,000		1,062,385
F-Brasile SpA/F-Brasile U.S. LLC 7.375%, 08/15/26 (144A) (a)		1,600,000		1,487,184
Rolls-Royce PLC 5.750%, 10/15/27 (144A)		1,430,000		1,379,747
Spirit AeroSystems, Inc. 7.500%, 04/15/25 (144A)		88,000		86,317
9.375%, 11/30/29 (144A)		1,471,000		1,496,941
TransDigm, Inc. 6.250%, 03/15/26 (144A)		11,442,000		11,242,688
6.750%, 08/15/28 (144A)		7,543,000		7,425,997
6.875%, 12/15/30 (144A)		536,000		525,572
7.500%, 03/15/27		377,000		377,686
Triumph Group, Inc. 9.000%, 03/15/28 (144A)		2,310,000		2,284,142
				35,254,751
Agriculture—0.1%
Darling Ingredients, Inc. 6.000%, 06/15/30 (144A) (a)		1,166,000		1,103,890
Airlines—0.9%
Air Canada 3.875%, 08/15/26 (144A)		968,000		878,516
Air France-KLM 8.125%, 05/31/28 (EUR)		100,000		110,070
Airlines—(Continued)
Allegiant Travel Co. 7.250%, 08/15/27 (144A)		192,000		180,720
American Airlines, Inc. 7.250%, 02/15/28 (144A)		203,000		194,090
11.750%, 07/15/25 (144A)		121,000		130,074
American Airlines, Inc./AAdvantage Loyalty IP Ltd. 5.500%, 04/20/26 (144A)		440,339		430,063
5.750%, 04/20/29 (144A)		1,665,182		1,548,703
Hawaiian Brand Intellectual Property Ltd./HawaiianMiles Loyalty Ltd. 5.750%, 01/20/26 (144A) (a)		279,000		251,060
International Consolidated Airlines Group SA 3.750%, 03/25/29 (EUR)		100,000		91,461
Mileage Plus Holdings LLC/Mileage Plus Intellectual Property Assets Ltd. 6.500%, 06/20/27 (144A)		1,010,155		1,000,863
Spirit Loyalty Cayman Ltd./Spirit IP Cayman Ltd. 8.000%, 09/20/25 (144A)		277,401		277,264
United Airlines Pass-Through Trust  4.875%, 01/15/26		80,813		78,232
United Airlines, Inc. 4.375%, 04/15/26 (144A)		1,337,000		1,236,445
4.625%, 04/15/29 (144A)		1,479,000		1,271,246
VistaJet Malta Finance PLC/Vista Management Holding, Inc. 6.375%, 02/01/30 (144A)		457,000		352,966
7.875%, 05/01/27 (144A) (a)		337,000		290,241
				8,322,014
Apparel—0.2%
Crocs, Inc. 4.125%, 08/15/31 (144A)		724,000		560,155
Hanesbrands, Inc. 4.875%, 05/15/26 (144A)		335,000		307,115
9.000%, 02/15/31 (144A) (a)		444,000		423,197
Kontoor Brands, Inc. 4.125%, 11/15/29 (144A)		269,000		222,279
Levi Strauss & Co. 3.500%, 03/01/31 (144A) (a)		905,000		715,686
				2,228,432
Auto Manufacturers—1.4%
Ford Motor Co. 3.250%, 02/12/32 (a)		828,000		638,109
6.100%, 08/19/32 (a)		866,000		815,696
Ford Motor Credit Co. LLC
2.700%, 08/10/26		800,000		713,893
3.375%, 11/13/25		206,000		191,130
3.810%, 01/09/24		987,000		976,254
4.134%, 08/04/25		217,000		205,734
4.389%, 01/08/26		200,000		188,766
4.535%, 03/06/25 (GBP)		109,000		127,677
4.687%, 06/09/25		200,000		192,179
4.950%, 05/28/27		692,000		649,548
6.800%, 05/12/28 (a)		2,435,000		2,432,183
6.860%, 06/05/26 (GBP)		108,000		129,834

BHFTI-57

Brighthouse Funds Trust I

BlackRock High Yield Portfolio

Schedule of Investments as of September 30, 2023 (Unaudited)

Corporate Bonds & Notes—(Continued)

Security Description	Principal Amount*		Value
Auto Manufacturers—(Continued)
Ford Motor Credit Co. LLC
7.200%, 06/10/30 (a)		1,682,000	$	1,690,410
7.350%, 11/04/27		300,000		305,900
7.350%, 03/06/30		2,027,000		2,052,698
General Motors Financial Co., Inc. 5.700%, 5Y H15 + 4.997%, 09/30/30 (b)		270,000		230,744
Jaguar Land Rover Automotive PLC 4.500%, 07/15/28 (EUR)		100,000		92,457
RCI Banque SA 2.625%, 5Y EUR Swap + 2.850%, 02/18/30 (EUR) (b)		300,000		297,339
Wabash National Corp. 4.500%, 10/15/28 (144A)		546,000		459,929
				12,390,480
Auto Parts & Equipment—1.5%
Adient Global Holdings Ltd. 3.500%, 08/15/24 (EUR)		14,945		15,499
Clarios Global LP 6.750%, 05/15/25 (144A)		481,000		477,379
Clarios Global LP/Clarios U.S. Finance Co. 4.375%, 05/15/26 (EUR)		937,000		950,907
6.250%, 05/15/26 (144A)		1,220,000		1,193,701
6.750%, 05/15/28 (144A)		2,609,000		2,547,036
8.500%, 05/15/27 (144A) (a)		7,245,000		7,224,217
Dana Financing Luxembourg Sarl 8.500%, 07/15/31 (EUR)		100,000		106,938
Dealer Tire LLC/DT Issuer LLC 8.000%, 02/01/28 (144A)		392,000		367,500
Forvia SE 2.750%, 02/15/27 (EUR)		100,000		95,153
3.750%, 06/15/28 (EUR)		100,000		94,842
Goodyear Tire & Rubber Co. 5.000%, 07/15/29 (a)		234,000		201,549
5.625%, 04/30/33		12,000		9,821
IHO Verwaltungs GmbH 3.875%, 4.625% PIK, 05/15/27 (EUR) (c)		101,000		96,412
Titan International, Inc. 7.000%, 04/30/28		150,000		140,191
ZF Europe Finance BV 6.125%, 03/13/29 (EUR)		100,000		105,619
ZF Finance GmbH 2.000%, 05/06/27 (EUR)		100,000		92,509
3.750%, 09/21/28 (EUR)		100,000		94,845
5.750%, 08/03/26 (EUR)		100,000		105,428
				13,919,546
Banks—1.7%
AIB Group PLC 5.250%, 5Y EUR Swap + 5.702%, 10/09/24 (EUR) (b)		200,000		201,406
Banco BPM SpA 2.875%, 5Y EUR Swap + 3.170%, 06/29/31 (EUR) (b)		200,000		187,995
5.000%, 5Y EUR Swap + 5.419%, 09/14/30 (EUR) (b)		100,000		103,222
6.000%, 3M EURIBOR + 2.800%, 06/14/28 (EUR) (b)		150,000		157,971
Banco de Credito Social Cooperativo SA 7.500%, 1Y EUR Swap + 4.279%, 09/14/29 (EUR) (b)		100,000		104,272
Banks—(Continued)
Banco de Sabadell SA 5.250%, 1Y EUR Swap + 2.400%, 02/07/29 (EUR) (b)		100,000		103,643
Banco Espirito Santo SA 2.625%, 05/08/17 (EUR) (d)		400,000		109,954
4.750%, 01/15/18 (EUR) (d)		1,000,000		274,885
Banco Santander SA 6.921%, 08/08/33		600,000		573,290
Bank of Cyprus PLC 2.500%, 1Y EUR Swap + 2.785%, 06/24/27 (EUR) (b)		100,000		95,019
Bank of Ireland Group PLC 7.500%, 5Y EUR Swap + 7.924%, 05/19/25 (EUR) (b)		200,000		207,327
Barclays PLC
8.000%, 5Y H15 + 5.672%, 06/15/24 (b)		200,000		196,646
8.000%, 5Y H15 + 5.431%, 03/15/29 (b)		495,000		444,234
BNP Paribas SA 6.875%, 5Y EUR Swap + 4.645%, 12/06/29 (EUR) (b)		200,000		200,856
8.500%, 5Y H15 + 4.354%, 08/14/28 (144A) (b)		1,160,000		1,134,854
Citigroup, Inc. 4.150%, 5Y H15 + 3.000%, 11/15/26 (b)		10,000		8,004
6.174%, SOFR + 2.661%, 05/25/34 (b)		1,130,000		1,079,854
7.625%, 5Y H15 + 3.211%, 11/15/28 (b)		620,000		604,873
Commerzbank AG 6.125%, 5Y EUR Swap + 6.363%, 10/09/25 (EUR) (b)		200,000		190,041
Deutsche Bank AG 6.750%, 5Y EUR Swap + 5.692%, 10/30/28 (EUR) (b)		200,000		171,274
First-Citizens Bank & Trust Co. 6.000%, 04/01/36		1,604,000		1,390,748
Freedom Mortgage Corp. 12.000%, 10/01/28 (144A)		285,000		289,803
12.250%, 10/01/30		284,000		290,290
Goldman Sachs Group, Inc. 4.950%, 5Y H15 + 3.224%, 02/10/25 (b)		1,490,000		1,379,775
Intesa Sanpaolo SpA 4.198%, 1Y H15 + 2.600%, 06/01/32 (144A) (b)		415,000		305,791
4.950%, 1Y H15 + 2.750%, 06/01/42 (144A) (b)		305,000		189,123
5.148%, 06/10/30 (GBP)		100,000		102,060
5.710%, 01/15/26 (144A) (a)		300,000		286,441
KBC Group NV 8.000%, 5Y EUR Swap + 4.928%, 09/05/28 (EUR) (b)		200,000		209,259
Lloyds Banking Group PLC 8.000%, 5Y H15 + 3.913%, 09/27/29 (b)		640,000		573,739
Macquarie Bank Ltd. 6.798%, 01/18/33 (144A)		285,000		279,617
PNC Financial Services Group, Inc. 6.200%, 5Y H15 + 3.238%, 09/15/27 (b)		780,000		716,824
6.250%, 7Y H15 + 2.808%, 03/15/30 (b)		761,000		652,340
Societe Generale SA 7.875%, 5Y EUR Swap + 5.228%, 01/18/29 (EUR) (b)		100,000		101,011
UBS Group AG 6.246%, 1Y H15 + 1.800%, 09/22/29 (144A) (b)		589,000		582,821
6.301%, 5Y H15 + 2.000%, 09/22/34 (a) (b)		510,000		498,096
Wells Fargo & Co. 7.625%, 5Y H15 + 3.606%, 09/15/28 (b)		1,211,000		1,220,890
				15,218,248

BHFTI-58

Brighthouse Funds Trust I

BlackRock High Yield Portfolio

Schedule of Investments as of September 30, 2023 (Unaudited)

Corporate Bonds & Notes—(Continued)

Security Description	Principal Amount*		Value
Biotechnology—0.0%
Cidron Aida Finco Sarl 6.250%, 04/01/28 (GBP)		100,000	$	107,419
Building Materials—1.5%
Camelot Return Merger Sub, Inc. 8.750%, 08/01/28 (144A)		555,000		535,381
Emerald Debt Merger Sub LLC 6.375%, 12/15/30 (EUR)		100,000		105,338
6.375%, 12/15/30 (144A) (EUR)		415,000		437,153
6.625%, 12/15/30 (144A)		7,354,000		7,079,509
HT Troplast GmbH 9.375%, 07/15/28 (EUR)		100,000		106,402
JELD-WEN, Inc. 4.625%, 12/15/25 (144A)		660,000		633,712
Masonite International Corp.
3.500%, 02/15/30 (144A) (a)		574,000		466,390
5.375%, 02/01/28 (144A)		180,000		167,422
New Enterprise Stone & Lime Co., Inc. 5.250%, 07/15/28 (144A)		222,000		199,194
9.750%, 07/15/28 (144A)		284,000		280,450
PCF GmbH 4.750%, 04/15/26 (EUR)		100,000		82,275
Smyrna Ready Mix Concrete LLC 6.000%, 11/01/28 (144A)		1,523,000		1,406,431
Standard Industries, Inc. 2.250%, 11/21/26 (EUR)		222,000		206,961
3.375%, 01/15/31 (144A)		638,000		493,162
4.375%, 07/15/30 (144A)		753,000		623,634
4.750%, 01/15/28 (144A) (a)		166,000		149,730
5.000%, 02/15/27 (144A)		350,000		324,433
Summit Materials LLC/Summit Materials Finance Corp. 5.250%, 01/15/29 (144A)		54,000		49,032
				13,346,609
Chemicals—2.2%
Ashland, Inc. 3.375%, 09/01/31 (144A)		327,000		254,287
Avient Corp. 7.125%, 08/01/30 (144A)		289,000		283,910
Axalta Coating Systems Dutch Holding B BV 3.750%, 01/15/25 (EUR)		200,000		208,082
Axalta Coating Systems LLC 3.375%, 02/15/29 (144A) (a)		750,000		624,444
Axalta Coating Systems LLC/Axalta Coating Systems Dutch Holding B BV 4.750%, 06/15/27 (144A)		631,000		586,314
Celanese U.S. Holdings LLC 6.350%, 11/15/28		416,000		410,772
6.550%, 11/15/30		402,000		393,409
6.700%, 11/15/33 (a)		565,000		549,979
Chemours Co. 4.625%, 11/15/29 (144A)		244,000		196,286
5.750%, 11/15/28 (144A) (a)		384,000		333,273
Element Solutions, Inc. 3.875%, 09/01/28 (144A)		4,783,000		4,127,666
Chemicals—(Continued)
FIS Fabbrica Italiana Sintetici SpA 5.625%, 08/01/27 (EUR)		167,000		162,503
HB Fuller Co. 4.250%, 10/15/28		257,000		226,777
Herens Holdco Sarl 4.750%, 05/15/28 (144A)		1,553,000		1,205,853
Illuminate Buyer LLC/Illuminate Holdings IV, Inc. 9.000%, 07/01/28 (144A)		933,000		881,171
INEOS Quattro Finance 2 PLC 2.500%, 01/15/26 (EUR)		100,000		96,059
Ingevity Corp. 3.875%, 11/01/28 (144A)		191,000		157,483
Kobe U.S. Midco 2, Inc. 9.250%, 10.000% PIK, 11/01/26 (144A) (c)		720,000		525,600
Kronos International, Inc. 3.750%, 09/15/25 (EUR)		100,000		95,074
LSF11 A5 HoldCo LLC 6.625%, 10/15/29 (144A)		367,000		305,124
Minerals Technologies, Inc. 5.000%, 07/01/28 (144A)		365,000		334,778
Nobian Finance BV 3.625%, 07/15/26 (EUR)		100,000		95,347
NOVA Chemicals Corp. 4.875%, 06/01/24 (144A)		161,000		158,181
Olympus Water U.S. Holding Corp. 9.625%, 11/15/28 (EUR)		123,000		129,709
9.750%, 11/15/28 (144A)		2,093,000		2,088,476
SCIL IV LLC/SCIL USA Holdings LLC 5.375%, 11/01/26 (144A)		662,000		604,882
9.500%, 07/15/28 (EUR)		100,000		107,669
SK Invictus Intermediate II Sarl 5.000%, 10/30/29 (144A)		1,287,000		1,031,440
Synthomer PLC 3.875%, 07/01/25 (EUR)		100,000		100,743
WR Grace Holdings LLC 4.875%, 06/15/27 (144A)		333,000		305,507
5.625%, 08/15/29 (144A)		2,574,000		2,081,722
7.375%, 03/01/31 (144A)		1,023,000		991,782
				19,654,302
Commercial Services—5.5%
ADT Security Corp. 4.125%, 08/01/29 (144A) (a)		75,000		63,413
4.875%, 07/15/32 (144A)		228,000		190,380
Albion Financing 1 Sarl/Aggreko Holdings, Inc. 6.125%, 10/15/26 (144A) (a)		481,000		454,300
Allied Universal Holdco LLC/Allied Universal Finance Corp. 6.000%, 06/01/29 (144A) (a)		4,218,000		3,144,466
6.625%, 07/15/26 (144A)		2,302,000		2,181,237
9.750%, 07/15/27 (144A)		631,000		564,375
Allied Universal Holdco LLC/Allied Universal Finance Corp./Atlas Luxco 4 Sarl 4.625%, 06/01/28 (144A)		4,946,000		4,115,959
4.875%, 06/01/28 (GBP)		100,000		96,906
AMN Healthcare, Inc. 4.000%, 04/15/29 (144A)		212,000		179,895

BHFTI-59

Brighthouse Funds Trust I

BlackRock High Yield Portfolio

Schedule of Investments as of September 30, 2023 (Unaudited)

Corporate Bonds & Notes—(Continued)

Security Description	Principal Amount*		Value
Commercial Services—(Continued)
APi Group DE, Inc. 4.125%, 07/15/29 (144A)		352,000	$	295,801
4.750%, 10/15/29 (144A)		276,000		241,493
APX Group, Inc. 5.750%, 07/15/29 (144A) (a)		718,000		604,999
6.750%, 02/15/27 (144A)		230,000		220,852
Ashtead Capital, Inc. 5.950%, 10/15/33 (144A)		615,000		583,855
BCP V Modular Services Finance II PLC 4.750%, 11/30/28 (EUR)		200,000		176,821
6.125%, 11/30/28 (GBP)		100,000		99,438
Block, Inc. 2.750%, 06/01/26		2,295,000		2,064,119
3.500%, 06/01/31		3,839,000		3,015,769
Boels Topholding BV 6.250%, 02/15/29 (EUR)		100,000		105,196
CoreLogic, Inc. 4.500%, 05/01/28 (144A)		2,402,000		1,822,590
Garda World Security Corp. 4.625%, 02/15/27 (144A)		653,000		597,534
7.750%, 02/15/28 (144A) (a)		1,413,000		1,385,309
9.500%, 11/01/27 (144A)		180,000		172,101
Gartner, Inc. 4.500%, 07/01/28 (144A)		126,000		114,952
Graham Holdings Co. 5.750%, 06/01/26 (144A)		80,000		77,200
GTCR W-2 Merger Sub LLC 7.500%, 01/15/31 (144A)		3,482,000		3,486,875
Herc Holdings, Inc. 5.500%, 07/15/27 (144A) (a)		1,429,000		1,351,340
Hertz Corp. 4.625%, 12/01/26 (144A)		346,000		306,643
5.000%, 12/01/29 (144A)		271,000		212,172
La Financiere Atalian SASU 5.125%, 05/15/25 (EUR)		200,000		155,204
Legends Hospitality Holding Co. LLC/Legends Hospitality Co.-Issuer, Inc. 5.000%, 02/01/26 (144A) (a)		561,000		549,780
Loxam SAS 6.375%, 05/15/28 (EUR)		100,000		103,478
Metis Merger Sub LLC 6.500%, 05/15/29 (144A) (a)		330,000		278,756
Neptune Bidco U.S., Inc. 9.290%, 04/15/29 (144A)		774,000		700,711
NESCO Holdings II, Inc. 5.500%, 04/15/29 (144A)		593,000		520,358
Prime Security Services Borrower LLC/Prime Finance, Inc. 5.750%, 04/15/26 (144A)		665,000		645,162
6.250%, 01/15/28 (144A) (a)		1,522,000		1,409,628
Q-Park Holding I BV 1.500%, 03/01/25 (EUR)		100,000		102,289
Rekeep SpA 7.250%, 02/01/26 (EUR)		100,000		95,613
Sabre Global, Inc. 8.625%, 06/01/27		1,000,000		847,807
Commercial Services—(Continued)
Service Corp. International 4.000%, 05/15/31		1,141,000		936,740
5.125%, 06/01/29		52,000		48,074
Shift4 Payments LLC/Shift4 Payments Finance Sub, Inc. 4.625%, 11/01/26 (144A) (a)		1,590,000		1,499,147
Sotheby’s 7.375%, 10/15/27 (144A)		2,521,000		2,320,374
Sotheby’s/Bidfair Holdings, Inc. 5.875%, 06/01/29 (144A)		1,022,000		820,155
Techem Verwaltungsgesellschaft 674 mbH 6.000%, 07/30/26 (EUR)		87,920		90,197
Techem Verwaltungsgesellschaft 675 mbH 2.000%, 07/15/25 (EUR)		100,000		101,978
United Rentals North America, Inc. 6.000%, 12/15/29 (144A)		5,007,000		4,875,071
Verisure Holding AB 3.250%, 02/15/27 (EUR)		148,000		140,435
3.875%, 07/15/26 (EUR)		100,000		99,382
9.250%, 10/15/27 (EUR)		100,000		112,069
Verscend Escrow Corp. 9.750%, 08/15/26 (144A)		3,862,000		3,862,672
Williams Scotsman International, Inc. 4.625%, 08/15/28 (144A)		251,000		224,645
6.125%, 06/15/25 (144A)		645,000		638,550
Williams Scotsman, Inc. 7.375%, 10/01/31		1,004,000		998,522
				50,102,787
Computers—1.1%
Ahead DB Holdings LLC 6.625%, 05/01/28 (144A)		382,000		322,668
Banff Merger Sub, Inc. 8.375%, 09/01/26 (EUR)		100,000		103,860
Booz Allen Hamilton, Inc. 4.000%, 07/01/29 (144A)		1,023,000		902,286
CA Magnum Holdings 5.375%, 10/31/26 (144A)		1,661,000		1,470,168
Crowdstrike Holdings, Inc. 3.000%, 02/15/29		104,000		87,597
KBR, Inc. 4.750%, 09/30/28 (144A)		490,000		431,200
McAfee Corp. 7.375%, 02/15/30 (144A)		2,775,000		2,323,210
NCR Atleos Escrow Corp. 9.500%, 04/01/29		631,000		610,303
NCR Corp. 5.000%, 10/01/28 (144A)		569,000		509,310
Presidio Holdings, Inc. 4.875%, 02/01/27 (144A)		125,000		115,558
Science Applications International Corp. 4.875%, 04/01/28 (144A)		344,000		312,197
Seagate HDD Cayman 8.250%, 12/15/29 (144A)		996,000		1,022,890
8.500%, 07/15/31 (144A)		1,263,000		1,295,565

BHFTI-60

Brighthouse Funds Trust I

BlackRock High Yield Portfolio

Schedule of Investments as of September 30, 2023 (Unaudited)

Corporate Bonds & Notes—(Continued)

Security Description	Principal Amount*		Value
Computers—(Continued)
Tempo Acquisition LLC/Tempo Acquisition Finance Corp. 5.750%, 06/01/25 (144A)		322,000	$	314,362
				9,821,174
Cosmetics/Personal Care—0.1%
Coty, Inc. 5.750%, 09/15/28 (EUR)		100,000		106,217
Coty, Inc./HFC Prestige Products, Inc./HFC Prestige International U.S. LLC 4.750%, 01/15/29 (144A) (a)		45,000		40,580
6.625%, 07/15/30 (144A) (a)		716,000		699,059
				845,856
Distribution/Wholesale—0.2%
American Builders & Contractors Supply Co., Inc. 3.875%, 11/15/29 (144A)		97,000		80,832
BCPE Empire Holdings, Inc. 7.625%, 05/01/27 (144A)		1,051,000		998,166
H&E Equipment Services, Inc. 3.875%, 12/15/28 (144A) (a)		98,000		83,682
Resideo Funding, Inc. 4.000%, 09/01/29 (144A)		159,000		130,631
Rexel SA 5.250%, 09/15/30 (EUR)		100,000		104,456
Ritchie Bros Holdings, Inc. 6.750%, 03/15/28 (144A)		201,000		200,538
				1,598,305
Diversified Financial Services—2.6%
AG TTMT Escrow Issuer LLC 8.625%, 09/30/27 (144A) (a)		390,000		392,391
Aircastle Ltd. 6.500%, 07/18/28 (144A)		374,000		366,774
Capital One Financial Corp. 6.377%, SOFR + 2.860%, 06/08/34 (b)		275,000		259,522
Castlelake Aviation Finance DAC 5.000%, 04/15/27 (144A)		92,000		84,029
Enact Holdings, Inc. 6.500%, 08/15/25 (144A)		989,000		974,075
Encore Capital Group, Inc. 4.875%, 10/15/25 (EUR)		100,000		102,836
GGAM Finance Ltd. 7.750%, 05/15/26 (144A)		125,000		123,750
8.000%, 06/15/28 (144A) (a)		125,000		124,753
Global Aircraft Leasing Co. Ltd. 6.500%, 7.250% PIK, 09/15/24 (144A) † (c)		762,226		726,020
Home Point Capital, Inc. 5.000%, 02/01/26 (144A)		3,897,000		3,640,173
Intrum AB 3.125%, 07/15/24 (EUR)		52,111		53,234
Jefferies Finance LLC/JFIN Co.-Issuer Corp. 5.000%, 08/15/28 (144A)		880,000		740,965
Lehman Brothers Holdings, Inc.
Zero Coupon, 02/05/14 (EUR) (d)		4,500,000		19,982
Diversified Financial Services—(Continued)
Lehman Brothers Holdings, Inc.
4.750%, 01/16/14 (EUR) (d)		2,140,000		9,503
5.375%, 10/17/12 (EUR) (d)		350,000		1,554
Macquarie Airfinance Holdings Ltd. 8.125%, 03/30/29		501,000		501,676
8.375%, 05/01/28 (144A)		283,000		286,891
Nationstar Mortgage Holdings, Inc. 5.125%, 12/15/30 (144A)		208,000		168,881
5.750%, 11/15/31 (144A) (a)		315,000		260,575
6.000%, 01/15/27 (144A)		594,000		561,284
Navient Corp. 5.500%, 03/15/29		573,000		481,326
5.875%, 10/25/24		149,000		146,649
9.375%, 07/25/30 (a)		398,000		392,527
NFP Corp. 4.875%, 08/15/28 (144A)		1,756,000		1,545,903
6.875%, 08/15/28 (144A)		4,895,000		4,193,440
7.500%, 10/01/30 (144A)		283,000		271,773
8.500%, 10/01/31		527,000		527,800
OneMain Finance Corp. 3.500%, 01/15/27		306,000		262,012
4.000%, 09/15/30		511,000		383,431
5.375%, 11/15/29 (a)		806,000		675,025
6.625%, 01/15/28		474,000		437,346
6.875%, 03/15/25		753,000		747,031
7.125%, 03/15/26 (a)		615,000		602,320
9.000%, 01/15/29 (a)		79,000		78,745
Rocket Mortgage LLC/Rocket Mortgage Co-Issuer, Inc. 2.875%, 10/15/26 (144A)		2,513,000		2,213,174
3.875%, 03/01/31 (144A)		307,000		244,793
4.000%, 10/15/33 (144A) (a)		220,000		166,140
SLM Corp. 3.125%, 11/02/26		481,000		417,216
				23,185,519
Electric—1.2%
Alexander Funding Trust II 7.467%, 07/31/28 (144A)		480,000		480,629
Calpine Corp. 4.625%, 02/01/29 (144A)		54,000		45,217
5.000%, 02/01/31 (144A) (a)		52,000		42,047
5.125%, 03/15/28 (144A)		1,323,000		1,178,050
5.250%, 06/01/26 (144A)		27,000		26,214
Clearway Energy Operating LLC 3.750%, 02/15/31 (144A)		63,000		49,694
3.750%, 01/15/32 (144A)		834,000		648,335
4.750%, 03/15/28 (144A)		541,000		483,849
Edison International 5.000%, 5Y H15 + 3.901%, 12/15/26 (b)		480,000		410,244
5.375%, 5Y H15 + 4.698%, 03/15/26 (b)		1,100,000		970,439
EDP - Energias de Portugal SA 1.875%, 5Y EUR Swap + 2.380%, 08/02/81 (EUR) (b)		100,000		93,567
5.943%, 5Y EUR Swap + 3.184%, 04/23/83 (EUR) (b)		100,000		104,668
Electricite de France SA
2.875%, 5Y EUR Swap + 3.373%, 12/15/26 (EUR) (b)		200,000		183,718

BHFTI-61

Brighthouse Funds Trust I

BlackRock High Yield Portfolio

Schedule of Investments as of September 30, 2023 (Unaudited)

Corporate Bonds & Notes—(Continued)

Security Description	Principal Amount*		Value
Electric—(Continued)
Electricite de France SA
3.000%, 5Y EUR Swap + 3.198%, 09/03/27 (EUR) (b)		200,000	$	178,824
6.000%, 13Y SONIA + 4.235%, 01/29/26 (GBP) (b)		100,000		112,554
9.125%, 5Y H15 + 5.411%, 03/15/33 (144A) (b)		250,000		260,434
Naturgy Finance BV 2.374%, 5Y EUR Swap + 2.437%, 11/23/26 (EUR) (b)		100,000		93,302
NextEra Energy Operating Partners LP 3.875%, 10/15/26 (144A)		340,000		307,841
4.250%, 09/15/24 (144A)		12,000		11,490
NRG Energy, Inc. 7.000%, 03/15/33 (144A)		480,000		463,764
10.250%, 5Y H15 + 5.920%, 03/15/28 (144A) (b)		1,182,000		1,157,656
Palomino Funding Trust I 7.233%, 05/17/28 (144A)		322,000		323,146
Pattern Energy Operations LP/Pattern Energy Operations, Inc. 4.500%, 08/15/28 (144A)		437,000		379,534
Talen Energy Supply LLC 8.625%, 06/01/30 (144A)		354,000		362,886
TransAlta Corp. 7.750%, 11/15/29		280,000		283,500
Vistra Corp. 7.000%, 5Y H15 + 5.740%, 12/15/26 (144A) (b)		657,000		599,513
Vistra Operations Co. LLC 6.950%, 10/15/33 (144A)		580,000		568,884
7.750%, 10/15/31 (144A)		895,000		881,614
				10,701,613
Electrical Components & Equipment—0.2%
WESCO Distribution, Inc. 7.125%, 06/15/25 (144A)		400,000		400,944
7.250%, 06/15/28 (144A)		1,417,000		1,423,875
				1,824,819
Electronics—0.5%
Coherent Corp. 5.000%, 12/15/29 (144A)		1,216,000		1,054,321
Imola Merger Corp. 4.750%, 05/15/29 (144A)		786,000		688,851
Sensata Technologies BV 4.000%, 04/15/29 (144A) (a)		680,000		585,546
5.875%, 09/01/30 (144A)		439,000		408,983
Sensata Technologies, Inc.
3.750%, 02/15/31 (144A) (a)		108,000		87,407
4.375%, 02/15/30 (144A)		1,574,000		1,359,158
				4,184,266
Energy-Alternate Sources—0.0%
TerraForm Power Operating LLC 4.750%, 01/15/30 (144A)		195,000		166,608
Engineering & Construction—0.6%
Abertis Infraestructuras Finance BV 3.248%, 5Y EUR Swap + 3.694%, 11/24/25 (EUR) (b)		200,000		192,748
Arcosa, Inc. 4.375%, 04/15/29 (144A)		953,000		831,685
Engineering & Construction—(Continued)
Azzurra Aeroporti SpA 2.125%, 05/30/24 (EUR)		194,000		200,376
Brand Industrial Services, Inc. 10.375%, 08/01/30		3,290,000		3,295,067
Cellnex Finance Co. SA 1.000%, 09/15/27 (EUR)		100,000		91,557
1.250%, 01/15/29 (EUR)		200,000		176,388
2.000%, 09/15/32 (EUR)		100,000		82,418
Dycom Industries, Inc. 4.500%, 04/15/29 (144A)		304,000		262,960
Heathrow Finance PLC 3.875%, 03/01/27 (GBP) (e)		100,000		106,759
4.125%, 09/01/29 (GBP) (e)		100,000		98,375
Infrastrutture Wireless Italiane SpA 1.625%, 10/21/28 (EUR)		105,000		97,009
MasTec, Inc. 4.500%, 08/15/28 (144A)		88,000		79,138
Webuild SpA 7.000%, 09/27/28 (EUR)		100,000		103,599
				5,618,079
Entertainment—3.9%
Allwyn Entertainment Financing U.K. PLC 7.250%, 04/30/30 (EUR)		100,000		106,666
7.875%, 04/30/29 (144A)		400,000		404,000
Banijay Entertainment 7.000%, 05/01/29 (EUR)		100,000		104,794
8.125%, 05/01/29 (144A) (a)		254,000		252,098
Boyne USA, Inc. 4.750%, 05/15/29 (144A) (a)		908,000		794,187
Caesars Entertainment, Inc. 4.625%, 10/15/29 (144A) (a)		1,401,000		1,186,731
6.250%, 07/01/25 (144A)		2,325,000		2,293,177
7.000%, 02/15/30 (144A) (a)		3,437,000		3,344,413
8.125%, 07/01/27 (144A)		3,013,000		3,027,363
CCM Merger, Inc. 6.375%, 05/01/26 (144A)		186,000		177,903
CDI Escrow Issuer, Inc. 5.750%, 04/01/30 (144A)		2,696,000		2,435,616
Cedar Fair LP/Canada’s Wonderland Co./Magnum Management Corp./Millennium Op 5.500%, 05/01/25 (144A)		1,257,000		1,230,836
6.500%, 10/01/28		122,000		115,339
Churchill Downs, Inc. 4.750%, 01/15/28 (144A)		974,000		878,588
5.500%, 04/01/27 (144A)		439,000		418,451
6.750%, 05/01/31 (144A) (a)		1,092,000		1,031,940
Cirsa Finance International Sarl 8.185%, 3M EURIBOR + 4.500%, 07/31/28 (EUR) (b)		100,000		105,848
CPUK Finance Ltd. 4.875%, 02/28/47 (GBP)		100,000		115,452
Inter Media & Communication SpA 6.750%, 02/09/27 (EUR)		105,000		106,204
Light & Wonder International, Inc.
7.000%, 05/15/28 (144A)		296,000		290,941

BHFTI-62

Brighthouse Funds Trust I

BlackRock High Yield Portfolio

Schedule of Investments as of September 30, 2023 (Unaudited)

Corporate Bonds & Notes—(Continued)

Security Description	Principal Amount*		Value
Entertainment—(Continued)
Light & Wonder International, Inc.
7.250%, 11/15/29 (144A)		290,000	$	284,200
7.500%, 09/01/31		532,000		525,803
Lions Gate Capital Holdings LLC 5.500%, 04/15/29 (144A) (a)		960,000		632,935
Live Nation Entertainment, Inc. 3.750%, 01/15/28 (144A)		429,000		378,593
4.750%, 10/15/27 (144A)		1,139,000		1,042,897
4.875%, 11/01/24 (144A)		76,000		74,670
5.625%, 03/15/26 (144A)		44,000		42,246
6.500%, 05/15/27 (144A)		3,684,000		3,632,392
Lottomatica SpA 7.928%, 3M EURIBOR + 4.125%, 06/01/28 (EUR) (b)		125,000		133,180
Merlin Entertainments Ltd. 5.750%, 06/15/26 (144A)		1,000,000		954,875
Midwest Gaming Borrower LLC/Midwest Gaming Finance Corp. 4.875%, 05/01/29 (144A) (a)		266,000		226,464
Motion Bondco DAC 6.625%, 11/15/27 (144A)		297,000		274,725
Ontario Gaming GTA LP 8.000%, 08/01/30		446,000		446,000
Premier Entertainment Sub LLC/Premier Entertainment Finance Corp. 5.625%, 09/01/29 (144A)		307,000		236,390
5.875%, 09/01/31 (144A) (a)		315,000		232,313
Raptor Acquisition Corp./Raptor Co.-Issuer LLC 4.875%, 11/01/26 (144A)		471,000		440,974
Scientific Games Holdings LP/Scientific Games U.S. FinCo, Inc. 6.625%, 03/01/30 (144A)		312,000		269,100
Six Flags Entertainment Corp. 7.250%, 05/15/31 (144A) (a)		1,880,000		1,765,094
Six Flags Theme Parks, Inc. 7.000%, 07/01/25 (144A)		245,000		244,379
Vail Resorts, Inc. 6.250%, 05/15/25 (144A)		333,000		331,205
Warnermedia Holdings, Inc. 5.141%, 03/15/52 (a)		1,563,000		1,161,372
5.391%, 03/15/62 (a)		904,000		667,680
Wynn Resorts Finance LLC/Wynn Resorts Capital Corp. 5.125%, 10/01/29 (144A)		2,710,000		2,368,883
7.125%, 02/15/31 (144A)		912,000		865,692
				35,652,609
Environmental Control—1.2%
Clean Harbors, Inc. 5.125%, 07/15/29 (144A)		402,000		369,802
6.375%, 02/01/31 (144A) (a)		284,000		276,153
Covanta Holding Corp. 4.875%, 12/01/29 (144A) (a)		438,000		359,335
5.000%, 09/01/30		257,000		205,086
GFL Environmental, Inc.
3.500%, 09/01/28 (144A)		202,000		173,904
3.750%, 08/01/25 (144A)		571,000		541,240
4.000%, 08/01/28 (144A)		1,880,000		1,642,682
4.250%, 06/01/25 (144A)		233,000		223,913
Environmental Control—(Continued)
GFL Environmental, Inc.
4.375%, 08/15/29 (144A)		526,000		456,889
4.750%, 06/15/29 (144A) (a)		1,170,000		1,040,023
5.125%, 12/15/26 (144A) (a)		347,000		330,548
Madison IAQ LLC 5.875%, 06/30/29 (144A) (a)		921,000		741,628
Paprec Holding SA 4.000%, 03/31/25 (EUR)		100,000		103,647
Stericycle, Inc. 3.875%, 01/15/29 (144A)		174,000		150,049
Tervita Corp. 11.000%, 12/01/25 (144A)		167,000		174,593
Waste Pro USA, Inc. 5.500%, 02/15/26 (144A)		4,027,000		3,760,317
				10,549,809
Food—1.7%
Albertsons Cos., Inc./Safeway, Inc./New Albertsons LP/Albertsons LLC 3.250%, 03/15/26 (144A)		929,000		860,498
3.500%, 03/15/29 (144A)		862,000		734,929
4.625%, 01/15/27 (144A)		985,000		930,055
4.875%, 02/15/30 (144A) (a)		930,000		837,952
6.500%, 02/15/28 (144A)		401,000		396,339
B&G Foods, Inc. 8.000%, 09/15/28		314,000		314,428
Bellis Acquisition Co. PLC 3.250%, 02/16/26 (GBP)		200,000		211,873
4.500%, 02/16/26 (GBP)		209,000		225,974
Chobani LLC/Chobani Finance Corp., Inc. 4.625%, 11/15/28 (144A)		2,288,000		2,017,970
7.500%, 04/15/25 (144A)		2,297,000		2,275,362
Darling Global Finance BV 3.625%, 05/15/26 (EUR)		229,000		234,251
Lamb Weston Holdings, Inc. 4.125%, 01/31/30 (144A)		797,000		681,554
4.375%, 01/31/32 (144A)		885,000		741,398
4.875%, 05/15/28 (144A)		333,000		307,141
Performance Food Group, Inc. 4.250%, 08/01/29 (144A)		1,056,000		912,213
5.500%, 10/15/27 (144A)		111,000		105,166
Picard Groupe SAS 3.875%, 07/01/26 (EUR)		100,000		97,806
Post Holdings, Inc. 4.500%, 09/15/31 (144A)		190,000		158,136
4.625%, 04/15/30 (144A) (a)		428,000		366,488
5.750%, 03/01/27 (144A)		2,000		1,921
Premier Foods Finance PLC 3.500%, 10/15/26 (GBP)		100,000		110,785
Simmons Foods, Inc./Simmons Prepared Foods, Inc./Simmons Pet Food, Inc./Simmons Feed 4.625%, 03/01/29 (144A)		729,000		598,017
U.S. Foods, Inc.
4.625%, 06/01/30 (144A)		108,000		93,831
4.750%, 02/15/29 (144A)		1,051,000		939,350

BHFTI-63

Brighthouse Funds Trust I

BlackRock High Yield Portfolio

Schedule of Investments as of September 30, 2023 (Unaudited)

Corporate Bonds & Notes—(Continued)

Security Description	Principal Amount*		Value
Food—(Continued)
U.S. Foods, Inc.
6.875%, 09/15/28		542,000	$	540,862
7.250%, 01/15/32 (144A)		653,000		652,340
United Natural Foods, Inc. 6.750%, 10/15/28 (144A)		203,000		154,747
				15,501,386
Food Service—0.3%
Aramark International Finance Sarl 3.125%, 04/01/25 (EUR)		323,000		334,867
Aramark Services, Inc. 5.000%, 04/01/25 (144A)		565,000		555,344
5.000%, 02/01/28 (144A)		1,714,000		1,585,164
Elior Group SA 3.750%, 07/15/26 (EUR)		100,000		83,069
				2,558,444
Forest Products & Paper—0.0%
Ahlstrom Holding 3 Oy 3.625%, 02/04/28 (EUR)		100,000		88,624
Gas—0.1%
AmeriGas Partners LP/AmeriGas Finance Corp. 9.375%, 06/01/28 (144A)		830,000		841,412
UGI International LLC 2.500%, 12/01/29 (EUR)		100,000		87,201
				928,613
Hand/Machine Tools—0.3%
IMA Industria Macchine Automatiche SpA 3.750%, 01/15/28 (EUR)		100,000		93,461
Regal Rexnord Corp. 6.050%, 04/15/28 (144A)		1,530,000		1,488,180
6.300%, 02/15/30 (144A)		505,000		487,816
6.400%, 04/15/33 (144A)		912,000		878,445
				2,947,902
Healthcare-Products—1.2%
Avantor Funding, Inc. 2.625%, 11/01/25 (EUR)		266,000		268,343
3.875%, 07/15/28 (EUR)		100,000		96,897
3.875%, 11/01/29 (144A) (a)		850,000		726,470
4.625%, 07/15/28 (144A)		1,196,000		1,090,368
Bausch & Lomb Escrow Corp. 8.375%, 10/01/28 (144A)		3,393,000		3,403,077
Embecta Corp. 6.750%, 02/15/30 (144A)		109,000		89,107
Garden Spinco Corp. 8.625%, 07/20/30 (144A)		536,000		559,506
Medline Borrower LP 3.875%, 04/01/29 (144A)		1,140,000		963,782
5.250%, 10/01/29 (144A)		3,940,000		3,405,327
Teleflex, Inc.
4.250%, 06/01/28 (144A)		341,000		305,042
Healthcare-Products—(Continued)
Teleflex, Inc.
4.625%, 11/15/27		58,000		53,215
				10,961,134
Healthcare-Services—2.9%
Acadia Healthcare Co., Inc. 5.000%, 04/15/29 (144A)		196,000		176,222
5.500%, 07/01/28 (144A)		246,000		228,771
AHP Health Partners, Inc. 5.750%, 07/15/29 (144A)		863,000		724,920
Catalent Pharma Solutions, Inc. 2.375%, 03/01/28 (EUR)		107,000		94,460
3.125%, 02/15/29 (144A)		961,000		788,207
3.500%, 04/01/30 (144A) (a)		653,000		537,628
5.000%, 07/15/27 (144A)		293,000		268,802
Charles River Laboratories International, Inc. 4.000%, 03/15/31 (144A)		100,000		84,625
4.250%, 05/01/28 (144A)		88,000		78,916
CHS/Community Health Systems, Inc. 4.750%, 02/15/31 (144A)		1,997,000		1,413,317
5.250%, 05/15/30 (144A)		1,919,000		1,458,779
5.625%, 03/15/27 (144A)		669,000		573,811
6.000%, 01/15/29 (144A)		1,374,000		1,109,616
Clariane SE 4.125%, 5Y UKG + 9.079%, 03/15/24 (GBP) (b)		100,000		86,334
Encompass Health Corp. 4.500%, 02/01/28 (a)		54,000		49,200
4.625%, 04/01/31		582,000		493,349
4.750%, 02/01/30 (a)		886,000		783,836
Fortrea Holdings, Inc. 7.500%, 07/01/30 (144A) (a)		542,000		527,374
HealthEquity, Inc. 4.500%, 10/01/29 (144A)		1,545,000		1,330,825
IQVIA, Inc. 1.750%, 03/15/26 (EUR)		240,000		236,019
5.000%, 10/15/26 (144A)		299,000		285,859
5.000%, 05/15/27 (144A)		200,000		188,516
6.500%, 05/15/30 (144A)		384,000		375,847
Legacy LifePoint Health LLC 4.375%, 02/15/27 (144A)		258,000		221,880
LifePoint Health, Inc. 9.875%, 08/15/30 (a)		978,000		946,831
11.000%, 10/15/30		1,100,000		1,100,000
ModivCare, Inc. 5.875%, 11/15/25 (144A) (a)		904,000		859,306
Molina Healthcare, Inc. 3.875%, 05/15/32 (144A) (a)		404,000		324,002
4.375%, 06/15/28 (144A) (a)		527,000		472,217
Prime Healthcare Services, Inc. 7.250%, 11/01/25 (144A)		133,000		122,976
RegionalCare Hospital Partners Holdings, Inc./LifePoint Health, Inc. 9.750%, 12/01/26 (144A)		244,000		236,219
Star Parent, Inc. 9.000%, 10/01/30 (a)		2,473,000		2,498,973

BHFTI-64

Brighthouse Funds Trust I

BlackRock High Yield Portfolio

Schedule of Investments as of September 30, 2023 (Unaudited)

Corporate Bonds & Notes—(Continued)

Security Description	Principal Amount*		Value
Healthcare-Services—(Continued)
Surgery Center Holdings, Inc. 6.750%, 07/01/25 (144A) (a)		835,000	$	828,738
10.000%, 04/15/27 (144A)		474,000		479,333
Tenet Healthcare Corp. 4.625%, 06/15/28		152,000		136,823
4.875%, 01/01/26		1,708,000		1,636,315
5.125%, 11/01/27		994,000		925,051
6.125%, 10/01/28		282,000		264,728
6.125%, 06/15/30		481,000		450,961
6.250%, 02/01/27		492,000		476,056
6.750%, 05/15/31 (144A)		2,425,000		2,338,841
				26,214,483
Home Builders—0.4%
Ashton Woods USA LLC/Ashton Woods Finance Co. 4.625%, 08/01/29 (144A)		270,000		227,843
4.625%, 04/01/30 (144A)		397,000		324,982
6.625%, 01/15/28 (144A)		145,000		136,796
Brookfield Residential Properties, Inc./Brookfield Residential U.S. LLC 4.875%, 02/15/30 (144A)		679,000		552,217
5.000%, 06/15/29 (144A)		548,000		451,043
Dream Finders Homes, Inc. 8.250%, 08/15/28 †		320,000		322,166
Installed Building Products, Inc. 5.750%, 02/01/28 (144A)		273,000		251,279
K Hovnanian Enterprises, Inc. 7.750%, 02/15/26 (144A) (a)		201,000		204,879
KB Home 7.250%, 07/15/30		178,000		174,851
Mattamy Group Corp. 4.625%, 03/01/30 (144A) (a)		368,000		313,197
5.250%, 12/15/27 (144A)		310,000		282,916
Meritage Homes Corp. 5.125%, 06/06/27		129,000		121,588
Taylor Morrison Communities, Inc. 5.125%, 08/01/30 (144A)		88,000		76,890
5.875%, 06/15/27 (144A)		52,000		49,436
Tri Pointe Homes, Inc. 5.250%, 06/01/27		174,000		162,824
5.700%, 06/15/28		120,000		110,111
5.875%, 06/15/24		107,000		106,240
				3,869,258
Home Furnishings—0.1%
Tempur Sealy International, Inc. 3.875%, 10/15/31 (144A)		306,000		236,066
4.000%, 04/15/29 (144A) (a)		528,000		440,669
				676,735
Household Products/Wares—0.1%
Central Garden & Pet Co.
4.125%, 10/15/30		347,000		289,299
Household Products/Wares—(Continued)
Central Garden & Pet Co.
4.125%, 04/30/31 (144A)		454,000		370,143
5.125%, 02/01/28		130,000		121,238
Spectrum Brands, Inc. 5.000%, 10/01/29 (144A)		118,000		106,920
5.500%, 07/15/30 (144A)		113,000		102,457
				990,057
Housewares—0.2%
CD&R Smokey Buyer, Inc. 6.750%, 07/15/25 (144A)		877,000		845,077
Scotts Miracle-Gro Co. 4.000%, 04/01/31		400,000		305,612
4.375%, 02/01/32 (a)		72,000		54,050
SWF Escrow Issuer Corp. 6.500%, 10/01/29 (144A)		915,000		585,326
				1,790,065
Insurance—2.7%
Acrisure LLC/Acrisure Finance, Inc. 6.000%, 08/01/29 (144A)		360,000		302,524
Alliant Holdings Intermediate LLC/Alliant Holdings Co-Issuer 4.250%, 10/15/27 (144A)		3,085,000		2,762,124
5.875%, 11/01/29 (144A)		2,911,000		2,520,980
6.750%, 10/15/27 (144A) (a)		6,651,000		6,185,508
6.750%, 04/15/28 (144A)		2,015,000		1,944,584
AmWINS Group, Inc. 4.875%, 06/30/29 (144A)		760,000		665,934
GTCR AP Finance, Inc. 8.000%, 05/15/27 (144A)		538,000		528,832
HUB International Ltd. 7.000%, 05/01/26 (144A) (a)		2,202,000		2,197,160
7.250%, 06/15/30 (144A)		4,332,000		4,324,072
Jones Deslauriers Insurance Management, Inc. 8.500%, 03/15/30 (144A)		1,347,000		1,356,889
10.500%, 12/15/30 (144A)		673,000		684,733
Liberty Mutual Group, Inc. 3.625%, 5Y EUR Swap + 3.700%, 05/23/59 (EUR) (b)		140,000		140,638
MGIC Investment Corp. 5.250%, 08/15/28		332,000		309,164
Ryan Specialty LLC 4.375%, 02/01/30 (144A)		457,000		397,966
				24,321,108
Internet—1.4%
Acuris Finance U.S., Inc./Acuris Finance Sarl 5.000%, 05/01/28 (144A)		1,260,000		1,036,350
ANGI Group LLC 3.875%, 08/15/28 (144A)		576,000		450,706
Arches Buyer, Inc. 4.250%, 06/01/28 (144A)		241,000		205,475
Cablevision Lightpath LLC 3.875%, 09/15/27 (144A)		359,000		299,765
5.625%, 09/15/28 (144A)		532,000		408,275

BHFTI-65

Brighthouse Funds Trust I

BlackRock High Yield Portfolio

Schedule of Investments as of September 30, 2023 (Unaudited)

Corporate Bonds & Notes—(Continued)

Security Description	Principal Amount*		Value
Internet—(Continued)
Engineering - Ingegneria Informatica - SpA 11.125%, 05/15/28 (EUR)		100,000	$	105,765
Go Daddy Operating Co. LLC/GD Finance Co., Inc. 3.500%, 03/01/29 (144A) (a)		532,000		447,600
5.250%, 12/01/27 (144A)		172,000		162,247
iliad SA 5.375%, 06/14/27 (EUR)		100,000		102,744
5.625%, 02/15/30 (EUR)		100,000		100,703
ION Trading Technologies Sarl 5.750%, 05/15/28 (144A) †		706,000		615,575
Match Group Holdings II LLC 3.625%, 10/01/31 (144A)		839,000		662,072
4.125%, 08/01/30 (144A)		41,000		33,831
4.625%, 06/01/28 (144A)		439,000		393,570
Northwest Fiber LLC/Northwest Fiber Finance Sub, Inc. 4.750%, 04/30/27 (144A)		784,000		697,760
Uber Technologies, Inc. 4.500%, 08/15/29 (144A) (a)		3,601,000		3,218,778
6.250%, 01/15/28 (144A)		1,046,000		1,022,847
7.500%, 05/15/25 (144A)		1,516,000		1,525,475
8.000%, 11/01/26 (144A)		903,000		913,615
				12,403,153
Investment Companies—0.7%
Ares Capital Corp. 7.000%, 01/15/27		390,000		389,995
Blackstone Private Credit Fund  3.250%, 03/15/27		196,000		170,252
7.050%, 09/29/25		205,000		205,315
Blue Owl Capital Corp. 3.400%, 07/15/26		167,000		149,726
3.750%, 07/22/25		476,000		445,981
Blue Owl Credit Income Corp. 3.125%, 09/23/26		113,000		99,328
5.500%, 03/21/25		471,000		455,600
7.750%, 09/16/27		892,000		884,827
Compass Group Diversified Holdings LLC 5.250%, 04/15/29 (144A)		534,000		466,870
GTCR W-2 Merger Sub LLC/GTCR W Dutch Finance Sub BV 8.500%, 01/15/31 (GBP)		100,000		124,603
Icahn Enterprises LP/Icahn Enterprises Finance Corp. 4.375%, 02/01/29		1,142,000		913,211
4.750%, 09/15/24		301,000		289,913
5.250%, 05/15/27		1,781,000		1,565,463
6.250%, 05/15/26		348,000		323,307
				6,484,391
Iron/Steel—0.9%
ATI, Inc. 4.875%, 10/01/29		277,000		243,686
5.125%, 10/01/31		746,000		645,557
5.875%, 12/01/27		440,000		416,900
7.250%, 08/15/30		1,457,000		1,446,072
Big River Steel LLC/BRS Finance Corp. 6.625%, 01/31/29 (144A)		3,739,000		3,694,282
Iron/Steel—(Continued)
Carpenter Technology Corp. 6.375%, 07/15/28		718,000		692,486
7.625%, 03/15/30 (a)		606,000		606,757
Mineral Resources Ltd. 9.250%, 10/01/28 (144A)		80,000		80,800
				7,826,540
Leisure Time—3.1%
Acushnet Co. 7.375%, 10/15/28		240,000		241,200
Carnival Corp. 4.000%, 08/01/28 (144A)		1,898,000		1,645,711
5.750%, 03/01/27 (144A)		2,485,000		2,249,482
6.000%, 05/01/29 (144A) (a)		1,595,000		1,360,508
7.000%, 08/15/29 (144A)		461,000		454,558
7.625%, 03/01/26 (144A) (a)		435,000		423,161
7.625%, 03/01/26 (EUR)		107,000		111,037
9.875%, 08/01/27 (144A)		630,000		657,673
Carnival Holdings Bermuda Ltd. 10.375%, 05/01/28 (144A)		7,258,000		7,782,528
Life Time, Inc. 5.750%, 01/15/26 (144A)		886,000		858,520
8.000%, 04/15/26 (144A)		704,000		691,680
Lindblad Expeditions Holdings, Inc. 9.000%, 05/15/28 (144A)		650,000		648,583
Lindblad Expeditions LLC 6.750%, 02/15/27 (144A)		842,000		788,322
MajorDrive Holdings IV LLC 6.375%, 06/01/29 (144A)		511,000		420,539
NCL Corp. Ltd. 5.875%, 03/15/26 (144A)		968,000		893,699
7.750%, 02/15/29 (144A) (a)		119,000		110,447
8.375%, 02/01/28 (144A)		348,000		353,000
NCL Finance Ltd. 6.125%, 03/15/28 (144A)		367,000		323,878
Pinnacle Bidco PLC 10.000%, 10/11/28 (GBP)		100,000		121,667
Royal Caribbean Cruises Ltd. 4.250%, 07/01/26 (144A)		239,000		219,137
5.375%, 07/15/27 (144A)		451,000		417,401
5.500%, 08/31/26 (144A)		369,000		348,299
5.500%, 04/01/28 (144A)		280,000		256,758
7.250%, 01/15/30 (144A)		1,319,000		1,307,251
8.250%, 01/15/29 (144A)		509,000		528,068
9.250%, 01/15/29 (144A)		1,028,000		1,086,017
11.625%, 08/15/27 (144A)		472,000		512,072
Viking Cruises Ltd. 5.875%, 09/15/27 (144A)		736,000		671,747
7.000%, 02/15/29 (144A)		141,000		129,720
9.125%, 07/15/31 (144A)		1,830,000		1,830,842
Viking Ocean Cruises Ship VII Ltd. 5.625%, 02/15/29 (144A)		432,000		390,960
				27,834,465

BHFTI-66

Brighthouse Funds Trust I

BlackRock High Yield Portfolio

Schedule of Investments as of September 30, 2023 (Unaudited)

Corporate Bonds & Notes—(Continued)

Security Description	Principal Amount*		Value
Lodging—1.0%
Accor SA 4.375%, 5Y EUR Swap + 4.561%, 01/31/24 (EUR) (b)		100,000	$	104,664
Boyd Gaming Corp. 4.750%, 12/01/27		269,000		247,638
4.750%, 06/15/31 (144A) (a)		399,000		339,540
Hilton Domestic Operating Co., Inc. 3.625%, 02/15/32 (144A)		181,000		145,922
3.750%, 05/01/29 (144A) (a)		394,000		340,734
4.000%, 05/01/31 (144A)		81,000		68,095
4.875%, 01/15/30 (a)		445,000		404,984
5.375%, 05/01/25 (144A)		131,000		128,716
5.750%, 05/01/28 (144A)		332,000		320,952
Hilton Worldwide Finance LLC/Hilton Worldwide Finance Corp. 4.875%, 04/01/27		361,000		343,402
Melco Resorts Finance Ltd. 4.875%, 06/06/25 (144A)		800,000		755,450
5.375%, 12/04/29 (144A) (a)		1,400,000		1,148,390
5.750%, 07/21/28 (144A) (a)		200,000		174,440
MGM China Holdings Ltd. 4.750%, 02/01/27 (144A)		200,000		179,500
5.250%, 06/18/25 (144A)		200,000		191,015
5.875%, 05/15/26 (144A)		200,000		190,224
MGM Resorts International 5.750%, 06/15/25		61,000		59,582
Station Casinos LLC 4.500%, 02/15/28 (144A)		422,000		368,123
4.625%, 12/01/31 (144A)		764,000		611,111
Wyndham Hotels & Resorts, Inc. 4.375%, 08/15/28 (144A)		314,000		282,029
Wynn Las Vegas LLC/Wynn Las Vegas Capital Corp. 5.250%, 05/15/27 (144A)		426,000		396,263
Wynn Macau Ltd. 5.625%, 08/26/28 (144A) (a)		2,317,000		2,008,729
				8,809,503
Machinery-Construction & Mining—0.4%
BWX Technologies, Inc. 4.125%, 06/30/28 (144A)		597,000		527,811
4.125%, 04/15/29 (144A)		545,000		476,875
Terex Corp. 5.000%, 05/15/29 (144A)		839,000		751,345
Vertiv Group Corp. 4.125%, 11/15/28 (144A) (a)		1,892,000		1,663,089
				3,419,120
Machinery-Diversified—1.3%
ATS Corp. 4.125%, 12/15/28 (144A) (a)		237,000		209,448
Chart Industries, Inc. 7.500%, 01/01/30 (144A)		1,609,000		1,617,817
9.500%, 01/01/31 (144A)		242,000		257,199
GrafTech Finance, Inc. 4.625%, 12/15/28 (144A)		127,000		98,208
GrafTech Global Enterprises, Inc. 9.875%, 12/15/28 (144A)		1,025,000		971,188
Machinery-Diversified—(Continued)
Husky III Holding Ltd. 13.000%, 13.750% PIK, 02/15/25 (144A) (c)		720,000		712,814
Mueller Water Products, Inc. 4.000%, 06/15/29 (144A)		186,000		161,988
OT Merger Corp. 7.875%, 10/15/29 (144A)		317,000		193,980
Renk AG 5.750%, 07/15/25 (EUR)		100,000		104,922
Titan Acquisition Ltd./Titan Co.-Borrower LLC 7.750%, 04/15/26 (144A)		1,931,000		1,892,380
TK Elevator Holdco GmbH 6.625%, 07/15/28 (EUR)		444,600		409,534
7.625%, 07/15/28 (144A) (a)		1,313,000		1,195,129
TK Elevator Midco GmbH 4.375%, 07/15/27 (EUR)		673,000		643,721
TK Elevator U.S. Newco, Inc. 5.250%, 07/15/27 (144A)		3,845,000		3,524,052
				11,992,380
Media—4.6%
Altice Financing SA 5.000%, 01/15/28 (144A) (a)		205,000		175,046
5.750%, 08/15/29 (144A) (a)		2,799,000		2,293,875
AMC Networks, Inc. 4.750%, 08/01/25 (a)		508,000		468,666
Cable One, Inc. 4.000%, 11/15/30 (144A) (a)		1,153,000		878,355
CCO Holdings LLC/CCO Holdings Capital Corp. 4.250%, 02/01/31 (144A)		2,122,000		1,689,194
4.250%, 01/15/34 (144A)		768,000		565,462
4.500%, 08/15/30 (144A)		544,000		446,522
4.750%, 03/01/30 (144A) (a)		992,000		832,736
4.750%, 02/01/32 (144A) (a)		2,106,000		1,684,800
5.000%, 02/01/28 (144A)		506,000		459,518
5.375%, 06/01/29 (144A) (a)		557,000		499,745
6.375%, 09/01/29 (144A)		1,503,000		1,401,496
7.375%, 03/01/31 (144A) (a)		4,198,000		4,054,550
CSC Holdings LLC 4.125%, 12/01/30 (144A)		814,000		576,079
4.500%, 11/15/31 (144A)		677,000		479,166
5.375%, 02/01/28 (144A)		223,000		181,547
5.500%, 04/15/27 (144A)		900,000		771,368
6.500%, 02/01/29 (144A)		287,000		237,761
11.250%, 05/15/28 (144A)		5,281,000		5,260,334
Directv Financing LLC/Directv Financing Co.-Obligor, Inc. 5.875%, 08/15/27 (144A) (a)		463,000		409,375
DISH DBS Corp. 5.125%, 06/01/29		788,000		436,851
5.250%, 12/01/26 (144A)		1,195,000		1,015,572
5.750%, 12/01/28 (144A)		450,000		345,938
DISH Network Corp. 11.750%, 11/15/27 (144A)		2,884,000		2,905,532
GCI LLC 4.750%, 10/15/28 (144A)		286,000		246,675

BHFTI-67

Brighthouse Funds Trust I

BlackRock High Yield Portfolio

Schedule of Investments as of September 30, 2023 (Unaudited)

Corporate Bonds & Notes—(Continued)

Security Description	Principal Amount*		Value
Media—(Continued)
Gray Television, Inc. 5.875%, 07/15/26 (144A)		447,000	$	401,620
7.000%, 05/15/27 (144A)		353,000		303,580
LCPR Senior Secured Financing DAC 6.750%, 10/15/27 (144A)		1,573,000		1,444,801
Midcontinent Communications/Midcontinent Finance Corp. 5.375%, 08/15/27 (144A)		366,000		338,550
Nexstar Media, Inc. 5.625%, 07/15/27 (144A)		147,000		130,818
Radiate Holdco LLC/Radiate Finance, Inc. 4.500%, 09/15/26 (144A)		629,000		477,829
6.500%, 09/15/28 (144A)		2,735,000		1,435,875
RCS & RDS SA 2.500%, 02/05/25 (EUR)		100,000		101,555
Sinclair Television Group, Inc. 4.125%, 12/01/30 (144A)		992,000		615,109
Sirius XM Radio, Inc. 5.000%, 08/01/27 (144A)		2,941,000		2,686,309
Summer BidCo BV 9.000%, 9.750% PIK, 11/15/25 (EUR) (c)		120,973		123,674
TEGNA, Inc. 4.750%, 03/15/26 (144A)		117,000		110,858
Tele Columbus AG 3.875%, 05/02/25 (EUR) †		209,000		127,055
Telenet Finance Luxembourg Notes Sarl 5.500%, 03/01/28 (144A)		800,000		720,000
Univision Communications, Inc. 5.125%, 02/15/25 (144A) (a)		174,000		169,592
6.625%, 06/01/27 (144A)		341,000		317,582
7.375%, 06/30/30 (144A) (a)		477,000		435,929
8.000%, 08/15/28 (144A) (a)		949,000		920,056
UPC Broadband Finco BV 4.875%, 07/15/31 (144A)		760,000		616,725
Virgin Media Secured Finance PLC 5.000%, 04/15/27 (GBP)		207,000		233,979
Virgin Media Vendor Financing Notes IV DAC 5.000%, 07/15/28 (144A)		1,272,000		1,097,634
VZ Secured Financing BV 3.500%, 01/15/32 (EUR)		100,000		81,125
Ziggo Bond Co. BV 5.125%, 02/28/30 (144A) (a)		248,000		185,012
6.000%, 01/15/27 (144A) (a)		351,000		321,337
Ziggo BV 4.875%, 01/15/30 (144A)		385,000		313,642
				42,026,409
Metal Fabricate/Hardware—0.3%
Advanced Drainage Systems, Inc. 5.000%, 09/30/27 (144A)		1,163,000		1,086,450
6.375%, 06/15/30 (144A)		1,106,000		1,062,258
Roller Bearing Co. of America, Inc. 4.375%, 10/15/29 (144A)		335,000		288,154
Vallourec SA 8.500%, 06/30/26 (EUR)		94,000		99,382
				2,536,244
Mining—1.5%
Arsenal AIC Parent LLC 8.000%, 10/01/30 (144A) (a)		384,000		382,088
Constellium SE 3.750%, 04/15/29 (144A) (a)		2,576,000		2,158,473
4.250%, 02/15/26 (EUR)		279,000		287,643
5.625%, 06/15/28 (144A)		762,000		716,906
5.875%, 02/15/26 (144A)		270,000		263,698
ERO Copper Corp. 6.500%, 02/15/30 (144A)		553,000		475,733
First Quantum Minerals Ltd. 8.625%, 06/01/31 (144A)		925,000		920,543
Kaiser Aluminum Corp. 4.500%, 06/01/31 (144A)		1,360,000		1,077,295
4.625%, 03/01/28 (144A)		395,000		344,910
New Gold, Inc. 7.500%, 07/15/27 (144A)		1,102,000		1,028,699
Novelis Corp. 3.250%, 11/15/26 (144A)		2,798,000		2,498,884
3.875%, 08/15/31 (144A)		1,664,000		1,328,845
4.750%, 01/30/30 (144A)		1,324,000		1,145,855
Novelis Sheet Ingot GmbH 3.375%, 04/15/29 (EUR)		422,000		384,711
Vedanta Resources Finance II PLC 8.950%, 03/11/25 (144A)		287,000		210,944
				13,225,227
Miscellaneous Manufacturing—0.1%
Amsted Industries, Inc. 5.625%, 07/01/27 (144A)		339,000		319,512
EnPro Industries, Inc. 5.750%, 10/15/26		161,000		154,358
Gates Global LLC/Gates Corp. 6.250%, 01/15/26 (144A)		887,000		864,370
				1,338,240
Oil & Gas—7.2%
Aethon United BR LP/Aethon United Finance Corp. 8.250%, 02/15/26 (144A)		1,462,000		1,450,465
Antero Resources Corp. 7.625%, 02/01/29 (144A) (a)		161,000		163,166
Apache Corp. 5.350%, 07/01/49		499,000		382,296
Ascent Resources Utica Holdings LLC/ARU Finance Corp. 5.875%, 06/30/29 (144A)		1,251,000		1,124,917
8.250%, 12/31/28 (144A)		2,327,000		2,302,784
9.000%, 11/01/27 (144A)		1,618,000		2,038,680
Baytex Energy Corp. 8.500%, 04/30/30 (144A)		368,000		372,352
Callon Petroleum Co. 6.375%, 07/01/26		1,160,000		1,138,437
7.500%, 06/15/30 (144A)		1,766,000		1,712,273
8.000%, 08/01/28 (144A)		1,491,000		1,493,129
Chesapeake Energy Corp. 5.875%, 02/01/29 (144A)		42,000		39,520
6.750%, 04/15/29 (144A)		1,133,000		1,108,757

BHFTI-68

Brighthouse Funds Trust I

BlackRock High Yield Portfolio

Schedule of Investments as of September 30, 2023 (Unaudited)

Corporate Bonds & Notes—(Continued)

Security Description	Principal Amount*		Value
Oil & Gas—(Continued)
CITGO Petroleum Corp. 6.375%, 06/15/26 (144A)		581,000	$	573,747
7.000%, 06/15/25 (144A)		600,000		591,077
8.375%, 01/15/29 (144A)		1,418,000		1,416,157
Civitas Resources, Inc. 8.375%, 07/01/28 (144A)		2,268,000		2,307,690
8.750%, 07/01/31 (144A)		1,780,000		1,818,215
CNX Resources Corp. 7.375%, 01/15/31 (144A)		256,000		250,970
Comstock Resources, Inc. 5.875%, 01/15/30 (144A)		2,073,000		1,794,451
6.750%, 03/01/29 (144A)		727,000		668,762
Crescent Energy Finance LLC 7.250%, 05/01/26 (144A)		1,646,000		1,613,080
9.250%, 02/15/28 (144A)		1,239,000		1,264,957
CrownRock LP/CrownRock Finance, Inc. 5.000%, 05/01/29 (144A)		311,000		291,395
5.625%, 10/15/25 (144A)		2,097,000		2,063,343
Diamond Foreign Asset Co./Diamond Finance LLC 8.500%, 10/01/30		617,000		617,086
Earthstone Energy Holdings LLC 8.000%, 04/15/27 (144A)		742,000		759,452
9.875%, 07/15/31 (144A)		863,000		938,488
EnQuest PLC 11.625%, 11/01/27 (144A)		200,000		188,494
Gulfport Energy Corp. 8.000%, 05/17/26 (144A)		102,000		102,128
Harbour Energy PLC 5.500%, 10/15/26 (144A)		215,000		200,488
Hilcorp Energy I LP/Hilcorp Finance Co. 5.750%, 02/01/29 (144A)		713,000		643,834
6.000%, 04/15/30 (144A)		60,000		54,099
6.250%, 11/01/28 (144A)		394,000		369,460
Magnolia Oil & Gas Operating LLC/Magnolia Oil & Gas Finance Corp. 6.000%, 08/01/26 (144A)		86,000		83,001
Matador Resources Co. 5.875%, 09/15/26		634,000		611,890
6.875%, 04/15/28 (144A)		793,000		778,601
Murphy Oil Corp. 5.750%, 08/15/25		24,000		23,970
5.875%, 12/01/27		160,000		155,265
5.875%, 12/01/42		64,000		51,742
Nabors Industries Ltd. 7.250%, 01/15/26 (144A)		436,000		421,285
7.500%, 01/15/28 (144A)		565,000		522,336
Nabors Industries, Inc.
5.750%, 02/01/25		2,211,000		2,164,016
7.375%, 05/15/27 (144A)		488,000		472,080
Noble Finance II LLC 8.000%, 04/15/30 (144A)		826,000		836,802
Northern Oil & Gas, Inc. 8.125%, 03/01/28 (144A)		2,741,000		2,737,711
8.750%, 06/15/31 (144A)		1,359,000		1,369,193
Occidental Petroleum Corp. 6.200%, 03/15/40		654,000		623,396
Oil & Gas—(Continued)
Patterson-UTI Energy, Inc. 7.150%, 10/01/33		265,000		265,952
PBF Holding Co. LLC/PBF Finance Corp. 7.875%, 09/15/30 (144A)		373,000		371,499
PDC Energy, Inc. 5.750%, 05/15/26		57,000		56,803
Permian Resources Operating LLC 5.875%, 07/01/29 (144A)		1,053,000		990,541
6.875%, 04/01/27 (144A)		1,303,000		1,284,396
7.000%, 01/15/32 (144A)		506,000		499,024
7.750%, 02/15/26 (144A)		1,178,000		1,185,626
Precision Drilling Corp. 6.875%, 01/15/29 (144A)		32,000		30,310
Rockcliff Energy II LLC 5.500%, 10/15/29 (144A)		330,000		296,989
Seadrill Finance Ltd. 8.375%, 08/01/30 (a)		635,000		646,506
Shelf Drilling Holdings Ltd. 9.625%, 04/15/29 (144A)		567,000		561,124
Sitio Royalties Operating Partnership LP/Sitio Finance Corp. 7.875%, 11/01/28 (144A)		947,000		949,368
SM Energy Co. 5.625%, 06/01/25		449,000		439,436
6.500%, 07/15/28		344,000		330,240
6.625%, 01/15/27		59,000		57,820
6.750%, 09/15/26		535,000		525,167
Southwestern Energy Co. 4.750%, 02/01/32 (a)		10,000		8,583
5.375%, 02/01/29		1,003,000		923,750
Sunoco LP/Sunoco Finance Corp. 5.875%, 03/15/28		282,000		270,527
6.000%, 04/15/27 (a)		131,000		126,970
7.000%, 09/15/28		534,000		526,921
Transocean Aquila Ltd. 8.000%, 09/30/28 (144A)		359,000		359,000
Transocean Titan Financing Ltd. 8.375%, 02/01/28 (144A)		451,000		458,893
Transocean, Inc. 7.500%, 01/15/26 (144A)		1,864,000		1,821,724
8.000%, 02/01/27 (144A)		551,000		530,338
8.750%, 02/15/30 (144A)		2,851,900		2,916,068
11.500%, 01/30/27 (144A)		1,430,000		1,499,712
Valaris Ltd. 8.375%, 04/30/30 (144A)		2,021,000		2,022,516
Vantage Drilling International 9.500%, 02/15/28 (144A)		737,000		722,260
Vermilion Energy, Inc. 6.875%, 05/01/30 (144A)		438,000		414,434
Vital Energy, Inc. 9.750%, 10/15/30		629,000		643,016
10.125%, 01/15/28		629,000		641,112
				65,082,062

BHFTI-69

Brighthouse Funds Trust I

BlackRock High Yield Portfolio

Schedule of Investments as of September 30, 2023 (Unaudited)

Corporate Bonds & Notes—(Continued)

Security Description	Principal Amount*		Value
Oil & Gas Services—0.8%
Archrock Partners LP/Archrock Partners Finance Corp. 6.250%, 04/01/28 (144A)		2,191,000	$	2,039,874
6.875%, 04/01/27 (144A)		1,045,000		1,010,872
Enerflex Ltd. 9.000%, 10/15/27 (144A) (a)		682,000		673,475
Nine Energy Service, Inc. 13.000%, 02/01/28		219,000		199,741
Oceaneering International, Inc. 6.000%, 02/01/28 (144A)		196,000		184,645
USA Compression Partners LP/USA Compression Finance Corp. 6.875%, 04/01/26		1,082,000		1,059,866
6.875%, 09/01/27		898,000		870,569
Weatherford International Ltd. 6.500%, 09/15/28 (144A) (a)		445,000		445,044
8.625%, 04/30/30 (144A)		836,000		842,400
				7,326,486
Packaging & Containers—3.1%
ARD Finance SA 6.500%, 7.250% PIK, 06/30/27 (144A) (a) (c)		2,033,336		1,534,032
Ardagh Metal Packaging Finance USA LLC/Ardagh Metal Packaging Finance PLC 3.000%, 09/01/29 (EUR)		300,000		240,285
3.250%, 09/01/28 (144A)		200,000		166,758
4.000%, 09/01/29 (144A)		4,008,000		3,136,545
6.000%, 06/15/27 (144A)		999,000		960,006
Ardagh Packaging Finance PLC/Ardagh Holdings USA, Inc. 2.125%, 08/15/26 (EUR)		677,000		634,376
4.125%, 08/15/26 (144A)		400,000		365,607
4.750%, 07/15/27 (GBP)		100,000		96,209
5.250%, 04/30/25 (144A)		700,000		682,326
5.250%, 08/15/27 (144A)		200,000		166,899
Ball Corp. 3.125%, 09/15/31		394,000		308,534
6.000%, 06/15/29		500,000		485,409
Canpack SA/Canpack U.S. LLC 3.125%, 11/01/25 (144A)		249,000		229,698
Clydesdale Acquisition Holdings, Inc. 6.625%, 04/15/29 (144A)		1,605,000		1,492,309
8.750%, 04/15/30 (144A)		1,542,000		1,322,511
Crown Americas LLC/Crown Americas Capital Corp. VI 4.750%, 02/01/26		71,000		68,193
Crown Cork & Seal Co., Inc. 7.375%, 12/15/26		79,000		80,185
Fiber Bidco Spa 11.000%, 10/25/27 (EUR)		100,000		112,729
Graphic Packaging International LLC 2.625%, 02/01/29 (EUR)		300,000		275,140
3.500%, 03/15/28 (144A)		244,000		214,072
Kleopatra Finco Sarl 4.250%, 03/01/26 (EUR)		110,000		97,014
LABL, Inc. 5.875%, 11/01/28 (144A)		638,000		572,745
6.750%, 07/15/26 (144A)		97,000		94,007
9.500%, 11/01/28 (144A) (a)		1,199,000		1,228,975
Packaging & Containers—(Continued)
Mauser Packaging Solutions Holding Co.
7.875%, 08/15/26 (144A) (a)		8,203,000		7,913,729
9.250%, 04/15/27 (144A)		240,000		209,780
OI European Group BV 6.250%, 05/15/28 (EUR)		425,000		456,700
Owens-Brockway Glass Container, Inc. 6.625%, 05/13/27 (144A)		109,000		106,262
7.250%, 05/15/31 (144A)		650,000		635,375
Sealed Air Corp. 4.000%, 12/01/27 (144A)		179,000		159,721
5.000%, 04/15/29 (144A)		165,000		148,355
6.125%, 02/01/28 (144A)		428,000		414,527
Trident TPI Holdings, Inc. 12.750%, 12/31/28 (144A)		280,000		292,600
Trivium Packaging Finance BV 5.500%, 08/15/26 (144A)		1,247,000		1,162,744
8.500%, 08/15/27 (144A) (a)		2,556,000		2,335,890
				28,400,247
Pharmaceuticals—1.0%
AdaptHealth LLC 5.125%, 03/01/30 (144A)		72,000		55,755
6.125%, 08/01/28 (144A)		154,000		132,926
Bayer AG 4.500%, 5Y EUR Swap + 3.751%, 03/25/82 (EUR) (b)		200,000		197,692
6.625%, 5Y EUR Swap + 3.432%, 09/25/83 (EUR) (b)		100,000		104,376
7.000%, 5Y EUR Swap + 3.896%, 09/25/83 (EUR) (b)		100,000		104,453
Cheplapharm Arzneimittel GmbH 3.500%, 02/11/27 (EUR)		100,000		96,210
Grifols SA 3.875%, 10/15/28 (EUR)		100,000		89,500
Gruenenthal GmbH 4.125%, 05/15/28 (EUR)		200,000		195,073
Jazz Securities DAC 4.375%, 01/15/29 (144A)		200,000		174,377
Option Care Health, Inc. 4.375%, 10/31/29 (144A)		676,000		583,895
Organon & Co./Organon Foreign Debt Co.-Issuer BV 2.875%, 04/30/28 (EUR)		100,000		90,865
4.125%, 04/30/28 (144A)		848,000		736,835
5.125%, 04/30/31 (144A) (a)		800,000		641,082
PRA Health Sciences, Inc. 2.875%, 07/15/26 (144A)		1,042,000		940,165
Prestige Brands, Inc. 3.750%, 04/01/31 (144A)		590,000		474,950
Rossini Sarl 6.750%, 10/30/25 (EUR)		141,000		148,998
Teva Pharmaceutical Finance Netherlands II BV 7.375%, 09/15/29 (EUR)		122,000		130,935
Teva Pharmaceutical Finance Netherlands III BV
3.150%, 10/01/26 (a)		1,680,000		1,497,334
4.750%, 05/09/27 (a)		400,000		367,013
6.750%, 03/01/28		200,000		196,399
7.125%, 01/31/25		394,000		395,362
7.875%, 09/15/29		810,000		820,582

BHFTI-70

Brighthouse Funds Trust I

BlackRock High Yield Portfolio

Schedule of Investments as of September 30, 2023 (Unaudited)

Corporate Bonds & Notes—(Continued)

Security Description	Principal Amount*		Value
Pharmaceuticals—(Continued)
Teva Pharmaceutical Finance Netherlands III BV
8.125%, 09/15/31		507,000	$	524,518
				8,699,295
Pipelines—4.3%
Antero Midstream Partners LP/Antero Midstream Finance Corp. 5.375%, 06/15/29 (144A)		546,000		499,911
5.750%, 03/01/27 (144A) (a)		393,000		375,100
Buckeye Partners LP 4.125%, 03/01/25 (144A)		67,000		63,645
5.600%, 10/15/44		215,000		152,978
5.850%, 11/15/43		318,000		232,138
CNX Midstream Partners LP 4.750%, 04/15/30 (144A)		287,000		238,896
CQP Holdco LP/BIP-V Chinook Holdco LLC 5.500%, 06/15/31 (144A) (a)		2,622,000		2,324,005
Crestwood Midstream Partners LP/Crestwood Midstream Finance Corp. 5.625%, 05/01/27 (144A)		144,000		138,015
6.000%, 02/01/29 (144A)		1,183,000		1,141,950
7.375%, 02/01/31 (144A)		252,000		256,649
8.000%, 04/01/29 (144A)		123,000		126,166
DT Midstream, Inc. 4.125%, 06/15/29 (144A)		871,000		753,451
4.375%, 06/15/31 (144A)		1,037,000		872,028
Enbridge, Inc. 8.500%, 5Y H15 + 4.431%, 01/15/84 (b)		547,000		542,499
Energy Transfer LP 6.500%, 5Y H15 + 5.694%, 11/15/26 (b)		1,210,000		1,111,809
EnLink Midstream LLC 5.375%, 06/01/29		1,046,000		967,551
5.625%, 01/15/28 (144A)		830,000		784,753
6.500%, 09/01/30 (144A)		551,000		534,488
EnLink Midstream Partners LP 4.150%, 06/01/25		16,000		15,273
4.850%, 07/15/26		30,000		28,244
5.600%, 04/01/44		458,000		380,140
EQM Midstream Partners LP 4.125%, 12/01/26		103,000		95,342
4.500%, 01/15/29 (144A)		50,000		44,498
4.750%, 01/15/31 (144A) (a)		678,000		583,581
6.000%, 07/01/25 (144A)		943,000		928,359
6.500%, 07/01/27 (144A)		783,000		764,581
7.500%, 06/01/30 (144A)		229,000		229,973
FTAI Infra Escrow Holdings LLC 10.500%, 06/01/27 (144A) (a)		285,000		283,575
Genesis Energy LP/Genesis Energy Finance Corp. 6.500%, 10/01/25		282,000		277,154
7.750%, 02/01/28		370,000		350,748
8.875%, 04/15/30		403,000		393,485
Harvest Midstream I LP 7.500%, 09/01/28 (144A)		131,000		126,629
Hess Midstream Operations LP 4.250%, 02/15/30 (144A)		650,000		548,105
Howard Midstream Energy Partners LLC 8.875%, 07/15/28 (144A)		735,000		741,431
Pipelines—(Continued)
ITT Holdings LLC 6.500%, 08/01/29 (144A)		917,000		777,271
Kinetik Holdings LP 5.875%, 06/15/30 (144A) (a)		835,000		782,812
New Fortress Energy, Inc. 6.500%, 09/30/26 (144A)		612,000		563,488
6.750%, 09/15/25 (144A)		2,399,000		2,290,100
NGL Energy Operating LLC/NGL Energy Finance Corp. 7.500%, 02/01/26 (144A) (a)		744,000		735,844
NuStar Logistics LP 5.750%, 10/01/25		302,000		293,695
6.000%, 06/01/26		239,000		231,882
6.375%, 10/01/30		53,000		50,205
Rockies Express Pipeline LLC 4.950%, 07/15/29 (144A)		136,000		121,134
Tallgrass Energy Partners LP/Tallgrass Energy Finance Corp. 5.500%, 01/15/28 (144A)		164,000		149,240
6.000%, 03/01/27 (144A) (a)		115,000		108,084
6.000%, 12/31/30 (144A)		79,000		69,734
6.000%, 09/01/31 (144A)		361,000		314,675
7.500%, 10/01/25 (144A)		35,000		34,904
Venture Global Calcasieu Pass LLC 3.875%, 08/15/29 (144A)		2,366,000		1,990,937
3.875%, 11/01/33 (144A)		2,334,000		1,812,176
4.125%, 08/15/31 (144A)		1,078,000		884,629
Venture Global LNG, Inc. 8.125%, 06/01/28 (144A) (a)		3,658,000		3,621,943
8.375%, 06/01/31 (144A)		5,610,000		5,514,978
Western Midstream Operating LP 5.250%, 02/01/50		1,227,000		955,875
5.300%, 03/01/48		833,000		650,192
5.450%, 04/01/44		466,000		375,645
5.500%, 08/15/48		243,000		193,214
				39,429,807
Real Estate—0.4%
ADLER Group SA 21.000%, 07/31/25 (EUR)		100,000		105,725
Agps Bondco PLC 5.500%, 11/13/26 (EUR)		200,000		83,755
6.000%, 08/05/25 (EUR)		200,000		91,431
Anywhere Real Estate Group LLC/Anywhere Co.-Issuer Corp. 7.000%, 04/15/30 (144A) (a)		1,359,227		1,226,702
Cushman & Wakefield U.S. Borrower LLC 6.750%, 05/15/28 (144A)		840,000		774,984
8.875%, 09/01/31		413,000		399,578
Fastighets AB Balder 2.873%, 5Y EUR Swap + 3.188%, 06/02/81 (EUR) (b)		100,000		72,710
Greystar Real Estate Partners LLC 7.750%, 09/01/30		58,000		57,297
Heimstaden Bostad AB 2.625%, 5Y EUR Swap + 3.149%, 02/01/27 (EUR) (b)		100,000		45,726
Heimstaden Bostad Treasury BV 1.375%, 03/03/27 (EUR)		100,000		84,939

BHFTI-71

Brighthouse Funds Trust I

BlackRock High Yield Portfolio

Schedule of Investments as of September 30, 2023 (Unaudited)

Corporate Bonds & Notes—(Continued)

Security Description	Principal Amount*		Value
Real Estate—(Continued)
Howard Hughes Corp. 4.125%, 02/01/29 (144A)		382,000	$	305,600
4.375%, 02/01/31 (144A)		308,000		236,322
5.375%, 08/01/28 (144A)		7,000		6,168
SBB Treasury Oyj 1.125%, 11/26/29 (EUR)		100,000		60,152
Tropicana Entertainment LLC/Tropicana Finance Corp. 9.625%, 12/15/14 (d) (f) (g)		70,000		0
Unique Pub Finance Co. PLC 6.464%, 03/30/32 (GBP)		17,000		19,904
				3,570,993
Real Estate Investment Trusts—2.1%
Brookfield Property REIT, Inc./BPR Cumulus LLC/BPR Nimbus LLC/GGSI Sellco LLC 4.500%, 04/01/27 (144A)		441,000		367,512
Global Net Lease, Inc./Global Net Lease Operating Partnership LP 3.750%, 12/15/27 (144A)		252,000		195,110
GLP Capital LP/GLP Financing II, Inc. 3.250%, 01/15/32 (a)		960,000		745,045
HAT Holdings I LLC/HAT Holdings II LLC 3.375%, 06/15/26 (144A) (a)		513,000		455,971
Iron Mountain Information Management Services, Inc. 5.000%, 07/15/32 (144A)		480,000		394,528
Iron Mountain U.K. PLC 3.875%, 11/15/25 (GBP)		100,000		114,995
Iron Mountain, Inc. 5.625%, 07/15/32 (144A)		214,000		184,747
7.000%, 02/15/29 (144A)		1,558,000		1,523,776
Ladder Capital Finance Holdings LLLP/Ladder Capital Finance Corp. 4.250%, 02/01/27 (144A) (a)		384,000		335,858
4.750%, 06/15/29 (144A)		178,000		143,789
5.250%, 10/01/25 (144A)		116,000		111,685
MPT Operating Partnership LP/MPT Finance Corp. 2.500%, 03/24/26 (GBP)		737,000		681,136
2.550%, 12/05/23 (GBP)		271,000		320,886
3.500%, 03/15/31		2,335,000		1,458,137
4.625%, 08/01/29 (a)		979,000		693,390
RHP Hotel Properties LP/RHP Finance Corp. 4.500%, 02/15/29 (144A)		482,000		413,052
4.750%, 10/15/27		1,222,000		1,112,020
7.250%, 07/15/28		907,000		891,121
RLJ Lodging Trust LP 3.750%, 07/01/26 (144A) (a)		353,000		319,250
4.000%, 09/15/29 (144A) (a)		268,000		219,476
SBA Communications Corp. 3.125%, 02/01/29		1,897,000		1,582,235
3.875%, 02/15/27		1,475,000		1,351,507
Service Properties Trust  7.500%, 09/15/25 (a)		461,000		452,903
Starwood Property Trust, Inc. 4.375%, 01/15/27 (144A)		101,000		88,097
5.500%, 11/01/23 (144A)		68,000		67,861
Uniti Group LP/Uniti Group Finance, Inc./CSL Capital LLC 10.500%, 02/15/28 (144A)		1,988,000		1,947,152
Real Estate Investment Trusts—(Continued)
VICI Properties LP 4.950%, 02/15/30		523,000		478,528
5.625%, 05/15/52		807,000		668,273
VICI Properties LP/VICI Note Co., Inc. 4.125%, 08/15/30 (144A)		624,000		530,637
4.625%, 12/01/29 (144A)		1,248,000		1,107,038
				18,955,715
Retail—2.3%
1011778 BC ULC/New Red Finance, Inc. 3.875%, 01/15/28 (144A)		412,000		369,581
4.000%, 10/15/30 (144A)		163,000		135,449
4.375%, 01/15/28 (144A)		455,000		410,113
5.750%, 04/15/25 (144A)		296,000		293,730
Arko Corp. 5.125%, 11/15/29 (144A)		502,000		404,883
Asbury Automotive Group, Inc.
4.500%, 03/01/28		282,000		252,450
4.750%, 03/01/30 (a)		57,000		48,713
5.000%, 02/15/32 (144A)		365,000		302,417
Beacon Roofing Supply, Inc. 4.125%, 05/15/29 (144A)		323,000		276,165
6.500%, 08/01/30 (144A)		708,000		686,130
Constellation Automotive Financing PLC 4.875%, 07/15/27 (GBP)		100,000		92,728
eG Global Finance PLC 6.750%, 02/07/25 (144A)		635,000		623,887
8.500%, 10/30/25 (144A)		485,000		477,325
Fertitta Entertainment LLC/Fertitta Entertainment Finance Co., Inc. 4.625%, 01/15/29 (144A)		124,000		105,090
6.750%, 01/15/30 (144A) (a)		177,000		144,273
Foundation Building Materials, Inc. 6.000%, 03/01/29 (144A)		201,000		167,281
Goldstory SAS 5.375%, 03/01/26 (EUR)		100,000		102,514
GYP Holdings III Corp. 4.625%, 05/01/29 (144A)		967,000		833,003
IRB Holding Corp. 7.000%, 06/15/25 (144A)		315,000		315,082
Ken Garff Automotive LLC 4.875%, 09/15/28 (144A)		286,000		244,241
LCM Investments Holdings II LLC 4.875%, 05/01/29 (144A)		761,000		647,007
8.250%, 08/01/31 (144A)		699,000		679,023
Lithia Motors, Inc. 3.875%, 06/01/29 (144A)		345,000		290,766
Murphy Oil USA, Inc. 4.750%, 09/15/29		302,000		272,289
NMG Holding Co., Inc./Neiman Marcus Group LLC 7.125%, 04/01/26 (144A)		309,000		289,875
Penske Automotive Group, Inc. 3.500%, 09/01/25		423,000		400,279
PetSmart, Inc./PetSmart Finance Corp. 4.750%, 02/15/28 (144A)		250,000		218,860
7.750%, 02/15/29 (144A)		2,183,000		2,034,313

BHFTI-72

Brighthouse Funds Trust I

BlackRock High Yield Portfolio

Schedule of Investments as of September 30, 2023 (Unaudited)

Corporate Bonds & Notes—(Continued)

Security Description	Principal Amount*		Value
Retail—(Continued)
Specialty Building Products Holdings LLC/SBP Finance Corp. 6.375%, 09/30/26 (144A)		235,000	$	219,759
SRS Distribution, Inc. 4.625%, 07/01/28 (144A)		2,132,000		1,841,843
6.000%, 12/01/29 (144A) (a)		2,286,000		1,920,240
6.125%, 07/01/29 (144A) (a)		1,360,000		1,158,249
Staples, Inc. 7.500%, 04/15/26 (144A) (a)		446,000		366,765
Stonegate Pub Co. Financing 2019 PLC 8.250%, 07/31/25 (GBP)		100,000		115,312
Suburban Propane Partners LP/Suburban Energy Finance Corp. 5.000%, 06/01/31 (144A)		238,000		198,666
White Cap Buyer LLC 6.875%, 10/15/28 (144A) (a)		3,961,000		3,500,774
White Cap Parent LLC 8.250%, 9.000% PIK, 03/15/26 (144A) (c)		538,000		519,077
				20,958,152
Semiconductors—0.7%
Entegris Escrow Corp. 4.750%, 04/15/29 (144A)		5,959,000		5,357,190
Entegris, Inc. 4.375%, 04/15/28 (144A) (a)		306,000		272,363
Synaptics, Inc. 4.000%, 06/15/29 (144A)		437,000		360,525
				5,990,078
Software—4.7%
ACI Worldwide, Inc. 5.750%, 08/15/26 (144A)		954,000		924,874
Alteryx, Inc. 8.750%, 03/15/28 (144A) (a)		637,000		634,157
AthenaHealth Group, Inc. 6.500%, 02/15/30 (144A) (a)		6,400,000		5,353,646
Boxer Parent Co., Inc. 6.500%, 10/02/25 (EUR)		200,000		209,494
7.125%, 10/02/25 (144A)		689,000		685,556
9.125%, 03/01/26 (144A)		1,989,000		1,983,431
Camelot Finance SA 4.500%, 11/01/26 (144A)		609,000		562,222
Capstone Borrower, Inc. 8.000%, 06/15/30 (144A)		869,000		848,361
Cedacri Mergeco SPA 9.281%, 3M EURIBOR + 5.500%, 05/15/28 (EUR) (b)		100,000		104,800
Central Parent LLC/CDK Global II LLC/CDK Financing Co., Inc. 8.000%, 06/15/29 (144A)		1,257,000		1,252,349
Central Parent, Inc./CDK Global, Inc. 7.250%, 06/15/29 (144A)		1,262,000		1,223,525
Clarivate Science Holdings Corp. 3.875%, 07/01/28 (144A)		3,154,000		2,730,419
4.875%, 07/01/29 (144A)		1,857,000		1,582,809
Cloud Software Group, Inc. 6.500%, 03/31/29 (144A) (a)		9,622,000		8,509,030
9.000%, 09/30/29 (144A) (a)		3,832,000		3,330,011
Software—(Continued)
Consensus Cloud Solutions, Inc. 6.000%, 10/15/26 (144A)		197,000		181,328
6.500%, 10/15/28 (144A)		179,000		152,551
Dun & Bradstreet Corp. 5.000%, 12/15/29 (144A) (a)		1,923,000		1,657,890
Elastic NV 4.125%, 07/15/29 (144A) (a)		1,009,000		859,320
Fair Isaac Corp. 4.000%, 06/15/28 (144A)		725,000		648,207
Helios Software Holdings, Inc./ION Corporate Solutions Finance Sarl 4.625%, 05/01/28 (144A)		250,000		215,245
MicroStrategy, Inc. 6.125%, 06/15/28 (144A)		1,471,000		1,306,454
Open Text Corp. 6.900%, 12/01/27 (144A)		2,404,000		2,409,471
Playtika Holding Corp. 4.250%, 03/15/29 (144A)		215,000		179,525
SS&C Technologies, Inc. 5.500%, 09/30/27 (144A)		2,197,000		2,073,177
Twilio, Inc. 3.625%, 03/15/29		396,000		331,509
3.875%, 03/15/31		743,000		604,121
Veritas U.S., Inc./Veritas Bermuda Ltd. 7.500%, 09/01/25 (144A)		576,000		481,256
ZoomInfo Technologies LLC/ZoomInfo Finance Corp. 3.875%, 02/01/29 (144A)		2,200,000		1,833,579
				42,868,317
Telecommunications—4.7%
Altice France SA 2.500%, 01/15/25 (EUR)		100,000		99,910
5.125%, 07/15/29 (144A)		2,295,000		1,631,529
5.500%, 10/15/29 (144A)		1,120,000		805,409
5.875%, 02/01/27 (EUR)		100,000		90,730
8.125%, 02/01/27 (144A)		1,876,000		1,663,630
British Telecommunications PLC 8.375%, 5Y UKG + 3.820%, 12/20/83 (GBP) (b)		100,000		121,704
CommScope Technologies LLC 6.000%, 06/15/25 (144A)		1,324,000		1,260,386
CommScope, Inc. 4.750%, 09/01/29 (144A)		1,472,000		1,082,721
6.000%, 03/01/26 (144A) (a)		346,000		322,897
Connect Finco Sarl/Connect U.S. Finco LLC 6.750%, 10/01/26 (144A)		5,256,000		4,902,259
Eutelsat SA 1.500%, 10/13/28 (EUR)		100,000		78,230
Frontier Communications Holdings LLC 5.000%, 05/01/28 (144A)		1,753,000		1,496,751
5.875%, 10/15/27 (144A) (a)		603,000		548,409
8.750%, 05/15/30 (144A)		3,507,000		3,329,810
Global Switch Holdings Ltd. 2.250%, 05/31/27 (EUR)		100,000		97,371
Hughes Satellite Systems Corp. 5.250%, 08/01/26		263,000		236,486

BHFTI-73

Brighthouse Funds Trust I

BlackRock High Yield Portfolio

Schedule of Investments as of September 30, 2023 (Unaudited)

Corporate Bonds & Notes—(Continued)

Security Description	Principal Amount*		Value
Telecommunications—(Continued)
Iliad Holding SASU 5.625%, 10/15/28 (EUR)		100,000	$	98,194
6.500%, 10/15/26 (144A)		2,309,000		2,169,336
7.000%, 10/15/28 (144A)		742,000		675,425
Level 3 Financing, Inc. 3.400%, 03/01/27 (144A)		2,078,000		1,945,797
3.625%, 01/15/29 (144A)		252,000		141,120
4.625%, 09/15/27 (144A)		2,780,000		1,999,284
10.500%, 05/15/30 (144A)		2,318,000		2,333,271
Liberty Costa Rica Senior Secured Finance 10.875%, 01/15/31 (144A)		301,000		301,752
Ligado Networks LLC 15.500%, 11/01/23 (144A) (c)		720,170		259,261
Lorca Telecom Bondco SA 4.000%, 09/18/27 (EUR)		200,000		196,232
Lumen Technologies, Inc. 4.000%, 02/15/27 (144A)		1,203,000		792,115
Sable International Finance Ltd. 5.750%, 09/07/27 (144A)		273,000		247,747
SES SA 5.625%, 5Y EUR Swap + 5.401%, 01/29/24 (EUR) (b)		100,000		104,980
SoftBank Group Corp. 2.125%, (EUR)		100,000		102,421
3.875%, (EUR)		100,000		80,606
4.500%, (EUR)		200,000		207,750
Telecom Italia Capital SA 6.000%, 09/30/34		1,133,000		944,674
6.375%, 11/15/33		506,000		438,739
7.200%, 07/18/36		179,000		159,271
7.721%, 06/04/38		211,000		193,065
Telecom Italia Finance SA 7.750%, 01/24/33 (EUR)		42,000		47,071
Telecom Italia SpA 1.625%, 01/18/29 (EUR)		152,000		125,544
5.303%, 05/30/24 (144A) (a)		271,000		266,444
6.875%, 02/15/28 (EUR)		100,000		106,269
7.875%, 07/31/28 (EUR)		226,000		247,348
Telefonica Europe BV 6.135%, 7Y EUR Swap + 3.347%, 02/03/30 (EUR) (b)		200,000		203,017
6.750%, 8Y EUR Swap + 3.615%, 06/07/31 (EUR) (b)		100,000		104,281
7.125%, 6Y EUR Swap + 4.322%, 08/23/28 (EUR) (b)		100,000		108,368
Viasat, Inc. 5.625%, 09/15/25 (144A)		1,733,000		1,600,859
5.625%, 04/15/27 (144A)		299,000		259,043
7.500%, 05/30/31		144,000		95,112
Viavi Solutions, Inc. 3.750%, 10/01/29 (144A)		602,000		489,366
Vmed O2 U.K. Financing I PLC 4.000%, 01/31/29 (GBP)		100,000		99,438
4.250%, 01/31/31 (144A)		213,000		169,613
4.500%, 07/15/31 (GBP)		134,000		127,734
4.750%, 07/15/31 (144A)		673,000		543,699
Vodafone Group PLC 2.625%, 5Y EUR Swap + 3.002%, 08/27/80 (EUR) (b)		100,000		96,226
3.000%, 5Y EUR Swap + 3.477%, 08/27/80 (EUR) (b)		100,000		85,658
6.500%, 5Y EUR Swap + 3.489%, 08/30/84 (EUR) (b)		125,000		133,133
Telecommunications—(Continued)
Zayo Group Holdings, Inc. 4.000%, 03/01/27 (144A) (a)		7,354,000		5,455,826
6.125%, 03/01/28 (144A)		1,823,000		1,171,678
				42,694,999
Toys/Games/Hobbies—0.1%
Mattel, Inc. 5.450%, 11/01/41		462,000		381,070
6.200%, 10/01/40		659,000		586,951
				968,021
Transportation—0.1%
Forward Air Corp. 9.500%, 10/15/31		1,017,000		1,016,288
Poste Italiane SpA 2.625%, 5Y EUR Swap + 2.677%, 03/24/29 (EUR) (b)		150,000		122,095
XPO Escrow Sub LLC 7.500%, 11/15/27 (144A)		223,000		225,462
				1,363,845
Trucking & Leasing—0.5%
Fortress Transportation & Infrastructure Investors LLC 5.500%, 05/01/28 (144A)		2,362,000		2,141,357
6.500%, 10/01/25 (144A)		1,261,000		1,239,367
9.750%, 08/01/27 (144A)		1,125,000		1,163,632
				4,544,356
Total Corporate Bonds & Notes (Cost $860,105,580)				805,866,813
Floating Rate Loans (h)—8.6%
Advertising—0.2%
Clear Channel Outdoor Holdings, Inc. Term Loan B, 8.851%, 3M TSFR + 3.500%, 08/21/26		2,305,398		2,244,561
Aerospace/Defense—0.1%
Bleriot U.S. Bidco, Inc.
2023 Term Loan B, 9.652%, 3M TSFR + 4.000%, 10/31/28		166,577		166,948
Dynasty Acquisition Co., Inc.
2023 Term Loan B1, 9.316%, 1M TSFR + 4.000%, 08/24/28		554,945		554,740
2023 Term Loan B2, 9.316%, 1M TSFR + 4.000%, 08/24/28		237,834		237,746
				959,434
Airlines—0.2%
Air Canada Term Loan B, 9.128%, 3M TSFR + 3.500%, 08/11/28		172,942		173,312
American Airlines, Inc. Term Loan, 10.338%, 3M TSFR + 4.750%, 04/20/28		1,554,660		1,604,119
United Airlines, Inc. Term Loan B, 9.182%, 1M TSFR + 3.750%, 04/21/28		550,096		553,659
				2,331,090

BHFTI-74

Brighthouse Funds Trust I

BlackRock High Yield Portfolio

Schedule of Investments as of September 30, 2023 (Unaudited)

Floating Rate Loans (h)—(Continued)

Security Description	Principal Amount*		Value
Apparel—0.0%
Hanesbrands, Inc. Term Loan B, 9.066%, 1M TSFR + 3.750%, 03/08/30		204,232	$	200,658
Auto Parts & Equipment—0.0%
Tenneco, Inc.
2022 Term Loan B, 10.477%, 3M TSFR + 5.000%, 11/17/28		496,000		422,376
Beverages—0.0%
Naked Juice LLC
2nd Lien Term Loan, 11.490%, 3M TSFR + 6.000%, 01/24/30		83,000		68,208
Term Loan, 8.740%, 3M TSFR + 3.250%, 01/24/29		68,826		65,669
				133,877
Building Materials—0.1%
Chamberlain Group, Inc. Term Loan B, 8.568%, 1M TSFR + 3.250%, 11/03/28		463,095		457,065
Chemicals—0.4%
Aruba Investments, Inc.
2020 2nd Lien Term Loan, 13.166%, 1M TSFR + 7.750%, 11/24/28		237,600		222,305
Ascend Performance Materials Operations LLC Term Loan B, 10.150%, 3M TSFR + 4.750%, 08/27/26		16,212		15,922
Discovery Purchaser Corp. Term Loan, 9.765%, 3M TSFR + 4.375%, 10/04/29		1,370,643		1,324,383
Lonza Group AG
USD Term Loan B, 9.325%, 3M TSFR + 3.925%, 07/03/28		377,719		336,170
Momentive Performance Materials, Inc. Term Loan, 9.816%, 1M TSFR + 4.500%, 03/29/28		574,115		560,240
New Arclin U.S. Holding Corp. Term Loan, 9.166%, 1M TSFR + 3.750%, 09/30/28		510,227		505,603
Nouryon Finance BV
USD Term Loan B, 9.427%, 1M TSFR + 4.000%, 04/03/28		656,355		651,268
Olympus Water U.S. Holding Corp.
2023 Incremental Term Loan, 10.390%, 3M TSFR + 5.000%, 11/09/28		68,035		68,018
				3,683,909
Commercial Services—0.9%
AVSC Holding Corp.
2nd Lien Term Loan, 12.681%, 1M TSFR + 7.250%, 09/01/25		328,784		306,591
CoreLogic, Inc.
2nd Lien Term Loan, 11.931%, 1M TSFR + 6.500%, 06/04/29		524,226		440,022
Term Loan, 8.818%, 1M TSFR + 3.500%, 06/02/28		336,284		311,553
Galaxy U.S. Opco, Inc. Term Loan, 10.066%, 1M TSFR + 4.750%, 04/29/29		344,398		330,191
GTCR W Merger Sub LLC
USD Term Loan B, 09/20/30 (i)		1,178,000		1,178,462
OMNIA Partners LLC
Delayed Draw Term Loan, 07/25/30 (j)		23,994		24,036
Term Loan B, 9.601%, 3M TSFR + 4.250%, 07/25/30		251,993		252,426
Commercial Services—(Continued)
PECF USS Intermediate Holding III Corp. Term Loan B, 9.568%, 3M TSFR + 4.250%, 12/15/28		320,700		258,381
Sabre GLBL, Inc. Term Loan B1, 8.931%, 1M TSFR + 3.500%, 12/17/27		145,697		128,396
Term Loan B2, 8.931%, 1M TSFR + 3.500%, 12/17/27		228,561		201,419
TruGreen LP
2nd Lien Term Loan, 14.131%, 3M TSFR + 8.500%, 11/02/28		378,000		257,985
Verscend Holding Corp.
2nd Lien Term Loan, 12.318%, 1M TSFR + 7.000%, 04/02/29		2,161,960		2,166,014
Term Loan B, 9.431%, 1M TSFR + 4.000%, 08/27/25		2,339,963		2,343,803
				8,199,279
Computers—0.7%
Amentum Government Services Holdings LLC Term Loan B, 9.431%, 1M TSFR + 4.000%, 01/29/27		139,320		138,624
Magenta Buyer LLC
USD 1st Lien Term Loan, 10.631%, 3M TSFR + 5.000%, 07/27/28		1,651,202		1,239,580
USD 2nd Lien Term Loan, 13.881%, 3M TSFR + 8.250%, 07/27/29		1,089,000		506,385
McAfee LLC
USD Term Loan B, 9.180%, 1M TSFR + 3.750%, 03/01/29		1,430,754		1,401,245
Peraton Corp.
2nd Lien Term Loan B1, 13.233%, 3M TSFR + 7.750%, 02/01/29		1,532,017		1,503,291
Term Loan B, 9.166%, 1M TSFR + 3.750%, 02/01/28		1,315,923		1,314,141
				6,103,266
Cosmetics/Personal Care—0.1%
KDC/ONE Development Corp., Inc.
2023 USD Term Loan B, 10.316%, 1M TSFR + 5.000%, 08/15/28		533,000		515,094
Diversified Financial Services—0.2%
AqGen Ascensus, Inc. 2021 2nd Lien Term Loan, 12.030%, 3M TSFR + 6.500%, 08/02/29		485,964		464,096
Deerfield Dakota Holding LLC
USD 2nd Lien Term Loan, 12.402%, 3M TSFR + 6.750%, 04/07/28		558,000		529,170
USD Term Loan B, 9.140%, 3M TSFR + 3.750%, 04/09/27		526,858		515,882
				1,509,148
Electronics—0.1%
Roper Industrial Products Investment Co. LLC
USD Term Loan, 9.890%, 3M TSFR + 4.500%, 11/22/29		669,305		671,516
Engineering & Construction—0.4%
Brand Industrial Services, Inc.
2023 Term Loan B, 10.872%, 3M TSFR + 5.500%, 08/01/30		3,232,000		3,156,248

BHFTI-75

Brighthouse Funds Trust I

BlackRock High Yield Portfolio

Schedule of Investments as of September 30, 2023 (Unaudited)

Floating Rate Loans (h)—(Continued)

Security Description	Principal Amount*		Value
Engineering & Construction—(Continued)
Brown Group Holding LLC
Incremental Term Loan B2, 9.066%, 3M TSFR + 3.750%, 07/02/29		318,198	$	318,348
KKR Apple Bidco LLC
Incremental Term Loan, 9.316%, 1M TSFR + 4.000%, 09/22/28		445,754		445,977
				3,920,573
Entertainment—0.0%
Ontario Gaming GTA LP Term Loan B, 9.640%, 3M TSFR + 4.250%, 08/01/30		330,000		330,645
Environmental Control—0.1%
Madison IAQ LLC Term Loan, 8.689%, 1M TSFR + 3.250%, 06/21/28		660,055		649,659
Food—0.0%
Chobani LLC Term Loan B, 8.931%, 1M TSFR + 3.500%, 10/25/27		128,634		128,875
Healthcare-Products—0.1%
Bausch & Lomb Corp.
2023 Incremental Term Loan, 09/14/28 (i)		568,000		561,610
Term Loan, 8.755%, 3M TSFR + 3.250%, 05/10/27		682,445		663,800
				1,225,410
Healthcare-Services—0.3%
Quorum Health Corp. Term Loan, 13.631%, 3M TSFR + 8.250%, 04/29/25 †		563,516		395,870
RegionalCare Hospital Partners Holdings, Inc. Term Loan B, 9.072%, 3M TSFR + 3.750%, 11/16/25		570,333		569,824
Star Parent, Inc.
2023 Term Loan B, 09/19/30 (i)		1,593,000		1,559,609
Surgery Center Holdings, Inc. Term Loan, 9.189%, 1M TSFR + 3.750%, 08/31/26		275,683		276,217
				2,801,520
Housewares—0.2%
Solis IV BV
USD Term Loan B1, 8.891%, 3M TSFR + 3.500%, 02/26/29		594,475		580,356
Springs Windows Fashions LLC Term Loan B, 9.318%, 1M TSFR + 4.000%, 10/06/28		1,143,585		974,907
				1,555,263
Insurance—0.0%
Jones Deslauriers Insurance Management, Inc.
2023 Term Loan B, 9.615%, 3M TSFR + 4.250%, 03/15/30		357,000		359,236
Internet—0.4%
I-Logic Technologies Bidco Ltd. Term Loan B, 9.540%, 3M TSFR + 4.000%, 02/16/28		242,396		239,729
Internet—(Continued)
MH Sub I LLC
2nd Lien Term Loan, 11.566%, 1M TSFR + 6.250%, 02/23/29		129,000		115,032
Term Loan, 9.566%, 1M TSFR + 4.250%, 05/03/28		1,675,800		1,623,790
Proofpoint, Inc.
2nd Lien Term Loan, 11.681%, 1M TSFR + 6.250%, 08/31/29		969,225		974,071
PUG LLC
USD Term Loan, 8.931%, 1M TSFR + 3.500%, 02/12/27		369,564		349,585
				3,302,207
Investment Companies—0.0%
GIP Pilot Acquisition Partners LP Term Loan, 09/18/30 (i)		339,000		338,576
Leisure Time—0.0%
Peloton Interactive, Inc. Term Loan, 12.263%, 6M TSFR + 6.500%, 05/25/27		279,463		280,685
Lodging—0.1%
Fertitta Entertainment LLC Term Loan B, 9.316%, 1M TSFR + 4.000%, 01/27/29		738,806		732,761
Machinery-Diversified—0.4%
SPX Flow, Inc. Term Loan, 9.916%, 1M TSFR + 4.500%, 04/05/29		1,035,358		1,034,953
Titan Acquisition Ltd. Term Loan B, 8.652%, 3M LIBOR + 3.000%, 03/28/25		2,321,214		2,304,000
				3,338,953
Media—0.3%
DirecTV Financing LLC Term Loan, 10.431%, 1M TSFR + 5.000%, 08/02/27		2,235,912		2,187,891
Radiate Holdco LLC Term Loan B, 8.681%, 1M TSFR + 3.250%, 09/25/26		560,594		460,213
				2,648,104
Metal Fabricate/Hardware—0.0%
Grinding Media, Inc. Term Loan B, 9.530%, 3M TSFR + 4.000%, 10/12/28		255,782		254,184
Mining—0.1%
Arsenal AIC Parent LLC Term Loan, 9.879%, 3M TSFR + 4.500%, 08/18/30		557,000		556,861
Oil & Gas Services—0.0%
Lealand Finance Co. BV
Make Whole Term Loan, 8.318%, 1M TSFR + 3.000%, 06/28/24		31,220		22,634
Packaging & Containers—0.1%
Mauser Packaging Solutions Holding Co. Term Loan B, 9.330%, 1M TSFR + 4.000%, 08/14/26		185,115		185,166

BHFTI-76

Brighthouse Funds Trust I

BlackRock High Yield Portfolio

Schedule of Investments as of September 30, 2023 (Unaudited)

Floating Rate Loans (h)—(Continued)

Security Description	Principal Amount*		Value
Packaging & Containers—(Continued)
Trident TPI Holdings, Inc.
USD Term Loan, 9.890%, 3M TSFR + 4.500%, 09/15/28		669,323	$	669,323
				854,489
Pharmaceuticals—0.1%
Amneal Pharmaceuticals LLC Term Loan B, 8.818%, 1M TSFR + 3.500%, 05/04/25		186,501		183,646
Gainwell Acquisition Corp. Term Loan B, 9.490%, 3M TSFR + 4.000%, 10/01/27		617,712		603,813
				787,459
Pipelines—0.1%
Freeport LNG Investments LLLP Term Loan B, 9.088%, 3M TSFR + 3.500%, 12/21/28		805,298		799,007
Real Estate—0.1%
Cushman & Wakefield U.S. Borrower LLC
2023 Term Loan B, 9.316%, 1M TSFR + 4.000%, 01/31/30		544,000		540,600
Retail—0.2%
SRS Distribution, Inc.
Incremental Term Loan, 8.916%, 1M TSFR + 3.500%, 06/02/28		613,969		608,982
White Cap Buyer LLC Term Loan B, 9.066%, 1M TSFR + 3.750%, 10/19/27		917,792		917,271
				1,526,253
Software—2.0%
Ascend Learning LLC
2nd Lien Term Loan, 11.166%, 1M TSFR + 5.750%, 12/10/29		345,000		297,907
Term Loan, 8.916%, 3M TSFR + 3.500%, 12/11/28		416,395		397,657
Athenahealth Group, Inc. Term Loan B, 8.568%, 1M TSFR + 3.250%, 02/15/29		4,722,374		4,643,666
Banff Merger Sub, Inc.
2021 USD Term Loan, 9.181%, 1M TSFR + 3.750%, 10/02/25		180,633		180,658
USD 2nd Lien Term Loan, 10.931%, 1M TSFR + 5.500%, 02/27/26		1,141,000		1,141,000
CDK Global, Inc.
USD Term Loan B, 9.640%, 3M TSFR + 4.250%, 07/06/29		265,990		266,350
Cloud Software Group, Inc.
USD Term Loan, 9.990%, 3M TSFR + 4.500%, 03/30/29		2,060,717		1,985,629
Cloudera, Inc.
2nd Lien Term Loan, 11.416%, 1M TSFR + 6.000%, 10/08/29		941,564		897,624
Term Loan, 9.166%, 1M TSFR + 3.750%, 10/08/28		549,232		543,190
Epicor Software Corp.
2nd Lien Term Loan, 13.166%, 1M TSFR + 7.750%, 07/31/28		210,000		211,334
Term Loan, 8.681%, 1M TSFR + 3.250%, 07/30/27		268,049		268,113
Helios Software Holdings, Inc.
USD Term Loan B, 9.290%, 3M TSFR + 3.750%, 03/11/28		213,374		211,741
Security Description	Shares/ Principal Amount*		Value
Software—(Continued)
Planview Parent, Inc.
2nd Lien Term Loan, 12.740%, 3M TSFR + 7.250%, 12/18/28		370,000		336,700
Polaris Newco LLC
USD Term Loan B, 9.431%, 1M TSFR + 4.000%, 06/02/28		610,738		586,309
Realpage, Inc.
2nd Lien Term Loan, 11.931%, 1M TSFR + 6.500%, 04/23/29		1,610,154		1,618,707
Sophia LP
2nd Lien Term Loan, 13.416%, 1M TSFR + 8.000%, 10/09/28		1,828,000		1,839,425
Term Loan B, 8.816%, 1M TSFR + 3.500%, 10/07/27		704,228		703,700
Sovos Compliance LLC Term Loan, 9.931%, 1M TSFR + 4.500%, 08/11/28		468,323		461,562
Ultimate Software Group, Inc.
2021 2nd Lien Term Loan, 10.618%, 3M TSFR + 5.250%, 05/03/27		1,214,500		1,214,934
Term Loan B, 9.219%, 3M TSFR + 3.750%, 05/04/26		227,887		227,997
				18,034,203
Telecommunications—0.5%
Altice France SA
USD Term Loan B14, 10.808%, 3M TSFR + 5.500%, 08/15/28		284,623		258,385
Delta TopCo, Inc. Term Loan B, 9.069%, 6M TSFR + 3.750%, 12/01/27		456,737		453,029
Digicel International Finance Ltd.
Exit Term Loan B, 8.981%, 6M LIBOR + 3.250%, 05/28/24		1,517,404		1,375,147
Intelsat Jackson Holdings SA
Exit Term Loan B, 9.772%, 3M TSFR + 4.250%, 02/01/29		1,298,257		1,297,953
ViaSat, Inc.
2023 Term Loan, 05/30/30 (i)		672,000		638,400
Zayo Group Holdings, Inc.
USD Term Loan, 8.431%, 1M TSFR + 3.000%, 03/09/27		844,358		689,543
				4,712,457
Transportation—0.1%
Forward Air Corp. Term Loan B, 09/20/30 (i)		568,000		555,694
Total Floating Rate Loans (Cost $79,202,223)				77,687,581
Common Stocks—0.5%
Chemicals—0.1%
Element Solutions, Inc.		23,823		467,169
Containers & Packaging—0.0%
Ardagh Metal Packaging SA		75,788		237,217
Energy Equipment & Services—0.0%
Nine Energy Service, Inc. (a) (k)		1,095		4,512
Financial Services—0.0%
Block, Inc. (k)		2,424		107,286

BHFTI-77

Brighthouse Funds Trust I

BlackRock High Yield Portfolio

Schedule of Investments as of September 30, 2023 (Unaudited)

Common Stocks—(Continued)

Security Description	Shares/ Principal Amount*		Value
Ground Transportation—0.0%
Uber Technologies, Inc. (k)		8,003	$	368,058
Hotels, Restaurants & Leisure—0.1%
Aramark		8,912		309,246
Carnival Corp. (a) (k)		31,083		426,459
				735,705
IT Services—0.0%
Twilio, Inc. - Class A (k)		1,208		70,704
Metals & Mining—0.1%
Constellium SE (k)		71,641		1,303,866
Pharmaceuticals—0.1%
Catalent, Inc. (a) (k)		14,942		680,309
Real Estate Management & Development—0.0%
ADLER Group SA † (f) (k)		2,353		1,167
ADLER Group SA (k)		5,211		2,667
				3,834
Software—0.1%
Informatica, Inc. - Class A (k)		27,646		582,501
Total Common Stocks (Cost $5,094,586)				4,561,161
Convertible Bonds—0.2%
Commercial Services—0.0%
Nexi SpA
Zero Coupon, 02/24/28 (EUR)		200,000		160,698
Computers—0.0%
Atos SE
Zero Coupon, 11/06/24 (EUR)		200,000		176,742
Engineering & Construction—0.0%
Cellnex Telecom SA 0.750%, 11/20/31 (EUR)		100,000		81,086
2.125%, 08/11/30 (EUR)		100,000		100,496
				181,582
Internet—0.1%
Uber Technologies, Inc.
Zero Coupon, 12/15/25		777,000		724,876
Media—0.1%
Cable One, Inc.
Zero Coupon, 03/15/26		230,000		188,140
1.125%, 03/15/28		532,000		395,808
				583,948
Total Convertible Bonds (Cost $2,164,119)				1,827,846
Escrow Shares—0.0%
Security Description	Principal Amount*		Value
Diversified Financial Services—0.0%
Lehman Brothers Holdings, Inc.		2,229,000	$	3,343
Total Escrow Shares (Cost $0)				3,343
Short-Term Investment—1.4%
Repurchase Agreement—1.4%
Fixed Income Clearing Corp. Repurchase Agreement dated 09/29/23 at 2.500%, due on 10/02/23 with a maturity value of $12,332,127; collateralized by U.S. Treasury Note at 0.750%, maturing 04/30/26, with a market value of $12,576,187.		12,329,559		12,329,559
Total Short-Term Investments (Cost $12,329,559)				12,329,559
Securities Lending Reinvestments (l)—7.6%
Certificates of Deposit—1.7%
Bank of Montreal 6.100%, SOFR + 0.790%, 11/08/23 (b)		1,000,000		1,000,643
Bank of Nova Scotia 5.600%, SOFR + 0.290%, 11/20/23 (b)		1,000,000		1,000,075
Barclays Bank PLC 5.720%, SOFR + 0.400%, 02/14/24 (b)		1,000,000		1,000,072
BNP Paribas SA 5.760%, SOFR + 0.450%, 10/10/23 (b)		1,000,000		999,952
Canadian Imperial Bank of Commerce (NY) 5.710%, SOFR + 0.400%, 10/13/23 (b)		1,000,000		1,000,098
Citibank N.A. 5.670%, SOFR + 0.350%, 02/20/24 (b)		1,000,000		1,000,075
Mitsubishi UFJ Trust & Banking Corp.
Zero Coupon, 10/20/23		1,000,000		996,900
Mizuho Bank Ltd. 5.610%, SOFR + 0.290%, 10/17/23 (b)		1,000,000		1,000,049
Nordea Bank Abp 5.660%, SOFR + 0.350%, 10/23/23 (b)		1,000,000		1,000,152
Oversea-Chinese Banking Corp. Ltd. 5.550%, SOFR + 0.230%, 11/13/23 (b)		1,000,000		1,000,146
Royal Bank of Canada 5.880%, FEDEFF PRV + 0.550%, 09/20/24 (b)		1,000,000		1,000,770
Sumitomo Mitsui Banking Corp. 5.770%, SOFR + 0.460%, 01/11/24 (b)		1,000,000		1,000,931
Sumitomo Mitsui Trust Bank Ltd. 5.580%, SOFR + 0.270%, 10/23/23 (b)		1,000,000		1,000,053
Toronto-Dominion Bank 5.780%, FEDEFF PRV + 0.450%, 10/13/23 (b)		1,000,000		1,000,095
Wells Fargo Bank N.A. 5.780%, SOFR + 0.470%, 11/09/23 (b)		1,000,000		1,000,360
				15,000,371
Commercial Paper—0.2%
National Australia Bank Ltd. 5.660%, SOFR + 0.350%, 12/05/23 (b)		1,000,000		1,000,220

BHFTI-78

Brighthouse Funds Trust I

BlackRock High Yield Portfolio

Schedule of Investments as of September 30, 2023 (Unaudited)

Securities Lending Reinvestments (l)—(Continued)

Security Description	Principal Amount*		Value
Commercial Paper—(Continued)
UBS AG 5.600%, SOFR + 0.280%, 11/27/23 (b)		1,000,000	$	1,000,000
				2,000,220
Repurchase Agreements—2.3%
Cantor Fitzgerald & Co. Repurchase Agreement dated 09/29/23 at 5.320%, due on 10/02/23 with a maturity value of $2,000,887; collateralized by U.S. Government Agency Obligations with rates ranging from 1.500% - 7.267%, maturity dates ranging from 02/01/24 - 08/20/71, and an aggregate market value of $2,040,000.		2,000,000		2,000,000
Citigroup Global Markets, Inc. Repurchase Agreement dated 09/29/23 at 5.470%, due on 10/06/23 with a maturity value of $1,201,276; collateralized by U.S. Treasury Obligations with rates ranging from 0.250% - 5.403%, maturity dates ranging from 01/31/24 - 10/31/25, and various Common Stock with an aggregate market value of $1,224,030.		1,200,000		1,200,000
ING Financial Markets LLC Repurchase Agreement dated 09/29/23 at 5.300%, due on 10/02/23 with a maturity value of $8,617,861; collateralized by U.S. Treasury Obligations with rates ranging from 0.000% - 4.500%, maturity dates ranging from 10/12/23 - 02/15/50, and an aggregate market value of $8,786,338.		8,614,056		8,614,056
National Bank Financial, Inc. Repurchase Agreement dated 09/29/23 at 5.320%, due on 10/02/23 with a maturity value of $1,000,443; collateralized by U.S. Treasury Obligations with rates ranging from 0.625% - 3.875%, maturity dates ranging from 01/15/26 - 11/15/41, and an aggregate market value of $1,024,780.		1,000,000		1,000,000
National Bank of Canada Repurchase Agreement dated 09/29/23 at 5.320%, due on 10/06/23 with a maturity value of $1,801,862; collateralized by U.S. Treasury Obligations with rates ranging from 0.000% - 4.000%, maturity dates ranging from 10/12/23 - 02/15/32, and an aggregate market value of $1,844,603.		1,800,000		1,800,000
NBC Global Finance Ltd. Repurchase Agreement dated 09/29/23 at 5.460%, due on 10/02/23 with a maturity value of $5,002,275; collateralized by various Common Stock with an aggregate market value of $5,579,974.		5,000,000		5,000,000
Societe Generale Repurchase Agreement dated 09/29/23 at 5.420%, due on 10/02/23 with a maturity value of $400,181; collateralized by various Common Stock with an aggregate market value of $445,208.		400,000		400,000
TD Prime Services LLC Repurchase Agreement dated 09/29/23 at 5.420%, due on 10/02/23 with a maturity value of $1,000,452; collateralized by various Common Stock with an aggregate market value of $1,100,498.		1,000,000		1,000,000
				21,014,056
Mutual Funds—3.4%
Allspring Government Money Market Fund, Select Class 5.270% (m)		1,000,000		1,000,000
Dreyfus Treasury Obligations Cash Management Fund, Institutional Class 5.230% (m)		7,000,000		7,000,000
Fidelity Investments Money Market Government Portfolio, Class I 5.230% (m)		1,000,000		1,000,000
Goldman Sachs Financial Square Government Fund, Institutional Shares 5.240% (m)		7,000,000		7,000,000
Morgan Stanley Liquidity Funds Government Portfolio, Institutional Shares 5.270% (m)		5,000,000		5,000,000
RBC U.S. Government Money Market Fund, Institutional Shares 5.270% (m)		1,000,000		1,000,000
State Street Institutional U.S. Government Money Market Fund, Premier Class 5.290% (m)		4,000,000		4,000,000
STIT-Government & Agency Portfolio, Institutional Class 5.260% (m)		5,000,000		5,000,000
				31,000,000
Total Securities Lending Reinvestments (Cost $69,011,605)				69,014,647
Total Purchased Options—0.0% (n) (Cost $3,811)				4,130
Total Investments—107.2% (Cost $1,027,911,483)				971,295,080
Unfunded Loan Commitments—(0.0)% (Cost $(36,994))				(36,994	)
Net Investments—107.2% (Cost $1,027,874,489)				971,258,086
Other assets and liabilities (net)—(7.2)%				(64,911,456	)
Net Assets—100.0%			$	906,346,630

*	Principal and notional amounts stated in U.S. dollars unless otherwise noted.
†	Restricted securities are not registered under the Securities Act of 1933 and are subject to legal restrictions on resale. These securities generally may be resold in transactions exempt from registration or to the public if the securities are subsequently registered. Disposal of these securities may involve time-consuming negotiations and prompt sale at an acceptable price may be difficult. As of September 30, 2023, the market value of restricted securities was $2,187,853, which is 0.2% of net assets. See details shown in the Restricted Securities table that follows.
(a)	All or a portion of the security was held on loan. As of September 30, 2023, the market value of securities loaned was $85,594,387 and the collateral received consisted of cash in the amount of $69,001,412 and non-cash collateral with a value of $19,921,610. The cash collateral investments are disclosed in the Schedule of Investments and categorized as Securities Lending Reinvestments. The non-cash collateral received consists of U.S. government securities that are held in safe-keeping by the lending agent, or a third-party custodian, and cannot be sold or repledged by the Portfolio.
(b)	Variable or floating rate security. The stated rate represents the rate at September 30, 2023. 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

BHFTI-79

Brighthouse Funds Trust I

BlackRock High Yield Portfolio

Schedule of Investments as of September 30, 2023 (Unaudited)

	rate is determined by the issuer/agent based on current market conditions. For certain asset- and mortgage-backed securities, the coupon rate may fluctuate based on changes of the underlying collateral or prepayments of principal. These securities do not indicate a reference index and spread in their description above.
(c)	Payment-in-kind security for which part of the income earned may be paid as additional principal.
(d)	Non-income producing; security is in default and/or issuer is in bankruptcy.
(e)	Security is a “step-up” bond where coupon increases or steps up at a predetermined date. Rate shown is current coupon rate.
(f)	Security was valued in good faith under procedures subject to oversight by the Board of Trustees. As of September 30, 2023, these securities represent less than 0.05% of net assets.
(g)	Significant unobservable inputs were used in the valuation of this portfolio security; i.e. Level 3.
(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 September 30, 2023, 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 September 30, 2023.
(m)	The rate shown represents the annualized seven-day yield as of September 30, 2023.
(n)	For a breakout of open positions, see details shown in the Purchased Options table that follows.
(144A)	Securities exempt from registration under Rule 144A of the Securities Act of 1933. These securities may be resold in transactions exempt from registration, normally to qualified institutional buyers. As of September 30, 2023, the market value of 144A securities was $665,697,670, which is 73.4% of net assets.

Restricted Securities	Acquisition Date		Shares/ Principal Amount		Cost		Value
ADLER Group SA		04/26/23		2,353	$	3	$	1,167
Dream Finders Homes, Inc., 8.250%, 08/15/28		08/08/23		320,000		320,000		322,166
Global Aircraft Leasing Co. Ltd., 6.500%, 09/15/24		07/26/19-09/15/22		762,226		773,451		726,020
ION Trading Technologies Sarl, 5.750%, 05/15/28		05/03/21-10/14/21		706,000		712,000		615,575
Quorum Health Corp., 13.631%, 04/29/25		07/07/20-07/10/23		563,516		556,506		395,870
Tele Columbus AG, 3.875%, 05/02/25		12/14/21-01/24/22		209,000		233,423		127,055
							$	2,187,853

Forward Foreign Currency Exchange Contracts

Contracts to Buy		Counterparty	Settlement Date		In Exchange for			Unrealized Appreciation/ (Depreciation)
GBP	86,000	NWM		10/04/23		USD	104,880	$	49
Contracts to Deliver
EUR	2,000	BMO		12/20/23		USD	2,160		37
EUR	200,000	DBAG		12/20/23		USD	213,581		1,356
EUR	100,000	DBAG		12/20/23		USD	107,350		1,237
EUR	78,000	DBAG		12/20/23		USD	83,639		871
EUR	200,000	JPMC		12/20/23		USD	213,565		1,340
EUR	7,564,644	TDB		12/20/23		USD	8,106,992		79,950
EUR	93,000	TDB		12/20/23		USD	99,536		851
EUR	13,256,356	UBSA		12/20/23		USD	14,201,600		134,934
GBP	86,000	BNP		12/20/23		USD	106,976		1,990
GBP	3,000,000	BBP		12/20/23		USD	3,714,891		52,601
GBP	86,000	NWM		12/20/23		USD	104,923		(63	)
Net Unrealized Appreciation								$	275,153

BHFTI-80

Brighthouse Funds Trust I

BlackRock High Yield Portfolio

Schedule of Investments as of September 30, 2023 (Unaudited)

Futures Contracts

Futures Contracts—Long	Expiration Date		Number of Contracts		Notional Amount			Value/ Unrealized Appreciation/ (Depreciation)
U.S. Treasury Note 5 Year Futures		12/29/23		135		USD	14,223,516	$	(106,078	)

Purchased Options

Options on Exchange-Traded Futures Contracts	Strike Price			Expiration Date		Number of Contracts		Notional Amount			Premiums Paid		Market Value		Unrealized Appreciation/ (Depreciation)
Put - Euro STOXX 50 Index Futures Contracts		EUR	4,100.000		11/17/23		7		EUR	70	$	3,811	$	4,130	$	319

Written Options

Options on Exchange-Traded Futures Contracts	Strike Price			Expiration Date		Number of Contracts			Notional Amount				Premiums Received			Market Value			Unrealized Appreciation/ (Depreciation)
Put - Euro STOXX 50 Index Futures Contracts		EUR	3,900.000		11/17/23		(7	)		EUR	(70	)	$	(1,689	)	$	(1,761	)	$	(72	)

Swap Agreements

Centrally Cleared Credit Default Swaps on Credit Indices—Sell Protection (a)

Reference Obligation	Fixed Deal Receive Rate			Payment Frequency		Maturity Date		Implied Credit Spread at September 30, 2023(b)			Notional Amount(c)			Market Value		Upfront Premiums Paid/(Received)		Unrealized Appreciation/ (Depreciation)
CDX.NA.HY.41.V1		5.000	%		Quarterly		12/20/28		4.781	%		USD	9,000,000	$	95,454	$	104,199	$	(8,745	)

OTC Credit Default Swaps on Corporate Issues—Buy Protection (d)

Reference Obligation	Fixed Deal (Pay) Rate			Payment Frequency		Maturity Date		Counterparty	Implied Credit Spread at September 30, 2023(b)			Notional Amount(c)			Market Value		Upfront Premium Paid/(Received)		Unrealized Appreciation/ (Depreciation)
Intrum AB 3.125%, due 07/15/2024		(5.000	%)		Quarterly		06/20/28	JPMC		10.711	%		EUR	94,000	$	18,582	$	20,950	$	(2,368	)

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 September 30, 2023(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		12/20/27	BBP		12.398	%		EUR	1,762	$	(322	)	$	(339	)	$	17
ADLER Real Estate AG 2.125%, due 02/06/24		5.000	%		Quarterly		12/20/27	BBP		12.398	%		EUR	4,952		(904	)		(952	)		48
ADLER Real Estate AG 2.125%, due 02/06/24		5.000	%		Quarterly		12/20/27	CBNA		12.398	%		EUR	1,437		(262	)		(284	)		22
ADLER Real Estate AG 2.125%, due 02/06/24		5.000	%		Quarterly		12/20/27	JPMC		12.398	%		EUR	1,849		(338	)		(360	)		22
CMA CGM SA 7.500%, due 01/15/26		5.000	%		Quarterly		06/20/27	CSI		1.457	%		EUR	77,000		9,782			2,656			7,126
Intrum AB 3.125% due 07/15/24		5.000	%		Quarterly		12/20/26	CSI		10.535	%		EUR	100,000		(14,994	)		5,388			(20,382	)

BHFTI-81

Brighthouse Funds Trust I

BlackRock High Yield Portfolio

Schedule of Investments as of September 30, 2023 (Unaudited)

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

Reference Obligation	Fixed Deal Receive Rate			Payment Frequency		Maturity Date		Counterparty	Implied Credit Spread at September 30, 2023(b)			Notional Amount(c)			Market Value			Upfront Premium Paid/(Received)			Unrealized Appreciation/ (Depreciation)
Jaguar Land Rover Automotive PLC 2.200%, due 01/15/24		5.000	%		Quarterly		12/20/26	BBP		3.982	%		EUR	25,380	$	431		$	735		$	(304	)
Jaguar Land Rover Automotive PLC 2.200%, due 01/15/24		5.000	%		Quarterly		12/20/26	CSI		3.982	%		EUR	24,671		419			756			(337	)
Ladbrokes Group Finance PLC 5.125%, due 09/08/23		1.000	%		Quarterly		06/20/28	JPMC		1.753	%		EUR	15,000		(706	)		(986	)		280
Ladbrokes Group Finance PLC 5.125%, due 09/08/23		1.000	%		Quarterly		06/20/27	JPMC		1.460	%		EUR	30,000		(778	)		(2,482	)		1,704
Ladbrokes Group Finance PLC 5.125%, due 09/16/22		1.000	%		Quarterly		06/20/27	JPMC		1.460	%		EUR	110,000		(2,854	)		(19,461	)		16,607
Rolls Royce PLC 2.125%, due 06/18/21		1.000	%		Quarterly		06/20/25	CBNA		0.809	%		EUR	10,755		16			(670	)		686
ThyssenKrupp AG 2.500%, due 02/25/25		5.000	%		Quarterly		12/20/23	BBP		0.256	%		EUR	50,000		568			155			413
United Group BV 3.625%, due 02/15/28		5.000	%		Quarterly		12/20/27	JPMC		5.359	%		EUR	41,000		(1,129	)		(5,790	)		4,661
Virgin Media Finance PLC 3.750%, due 7/15/30		5.000	%		Quarterly		12/20/25	JPMC		1.941	%		EUR	30,000		2,073			1,991			82
Totals															$	(8,998	)	$	(19,643	)	$	10,645

(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.
(d)	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.

Glossary of Abbreviations

Counterparties

(BBP)—	Barclays Bank PLC
(BMO)—	Bank of Montreal
(BNP)—	BNP Paribas SA
(CBNA)—	Citibank N.A.
(CSI)—	Credit Suisse International
(DBAG)—	Deutsche Bank AG
(JPMC)—	JPMorgan Chase Bank N.A.
(NWM)—	NatWest Markets PLC
(TDB)—	Toronto Dominion Bank
(UBSA)—	UBS AG

Currencies

(EUR)—	Euro
(GBP)—	British Pound
(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
(SONIA)—	Sterling Overnight Index Average Deposit Rate
(TSFR)—	Term Secured Overnight Financing Rate
(UKG)—	U.K. Government Bond

Other Abbreviations

(DAC)—	Designated Activity Company
(REIT)—	Real Estate Investment Trust

BHFTI-82

Brighthouse Funds Trust I

BlackRock High Yield Portfolio

Schedule of Investments as of September 30, 2023 (Unaudited)

Fair Value Hierarchy

Accounting principles generally accepted in the United States of America (“GAAP”) define fair market value as the price that the Portfolio would receive to sell an asset or pay to transfer a liability in an orderly transaction between market participants at the measurement date. It establishes a fair value hierarchy that prioritizes inputs to valuation methods and requires disclosure of the fair value hierarchy, separately for each major category of assets and liabilities, that segregates fair value measurements into three levels. Levels 1, 2 and 3 of the fair value hierarchy are defined as follows:

Level 1 - unadjusted quoted prices in active markets for identical investments

Level 2 - other significant observable inputs (including, but not limited to, quoted prices for similar assets or liabilities in markets that are either active or inactive; inputs other than quoted prices that are observable such as interest rates, yield curves, volatilities, prepayment speeds, loss severities, credit risks, default rates, or other market corroborated inputs)

Level 3 - significant unobservable inputs based on the best information available in the circumstances, to the extent observable inputs are unavailable (including the Portfolio’s own assumptions used in determining the fair value of investments and derivative financial instruments)

The inputs or methodologies used for valuing investments are not necessarily an indication of the risk associated with investing in them. Changes to the inputs or methodologies used may result in transfers between levels. A reconciliation of Level 3 securities, if any, will be disclosed following the fair value hierarchy table. For more information about the Portfolio’s policy regarding the valuation of investments, please refer to the Notes to Schedule of Investments.

The following table summarizes the fair value hierarchy of the Portfolio’s investments as of September 30, 2023:

Description	Level 1		Level 2		Level 3		Total
Corporate Bonds & Notes
Advertising	$	—	$	10,473,824	$	—	$	10,473,824
Aerospace/Defense		—		35,254,751		—		35,254,751
Agriculture		—		1,103,890		—		1,103,890
Airlines		—		8,322,014		—		8,322,014
Apparel		—		2,228,432		—		2,228,432
Auto Manufacturers		—		12,390,480		—		12,390,480
Auto Parts & Equipment		—		13,919,546		—		13,919,546
Banks		—		15,218,248		—		15,218,248
Biotechnology		—		107,419		—		107,419
Building Materials		—		13,346,609		—		13,346,609
Chemicals		—		19,654,302		—		19,654,302
Commercial Services		—		50,102,787		—		50,102,787
Computers		—		9,821,174		—		9,821,174
Cosmetics/Personal Care		—		845,856		—		845,856
Distribution/Wholesale		—		1,598,305		—		1,598,305
Diversified Financial Services		—		23,185,519		—		23,185,519
Electric		—		10,701,613		—		10,701,613
Electrical Components & Equipment		—		1,824,819		—		1,824,819
Electronics		—		4,184,266		—		4,184,266
Energy-Alternate Sources		—		166,608		—		166,608
Engineering & Construction		—		5,618,079		—		5,618,079
Entertainment		—		35,652,609		—		35,652,609
Environmental Control		—		10,549,809		—		10,549,809
Food		—		15,501,386		—		15,501,386
Food Service		—		2,558,444		—		2,558,444
Forest Products & Paper		—		88,624		—		88,624
Gas		—		928,613		—		928,613
Hand/Machine Tools		—		2,947,902		—		2,947,902
Healthcare-Products		—		10,961,134		—		10,961,134
Healthcare-Services		—		26,214,483		—		26,214,483
Home Builders		—		3,869,258		—		3,869,258
Home Furnishings		—		676,735		—		676,735
Household Products/Wares		—		990,057		—		990,057
Housewares		—		1,790,065		—		1,790,065
Insurance		—		24,321,108		—		24,321,108
Internet		—		12,403,153		—		12,403,153
Investment Companies		—		6,484,391		—		6,484,391
Iron/Steel		—		7,826,540		—		7,826,540
Leisure Time		—		27,834,465		—		27,834,465
Lodging		—		8,809,503		—		8,809,503
Machinery-Construction & Mining		—		3,419,120		—		3,419,120
Machinery-Diversified		—		11,992,380		—		11,992,380

BHFTI-83

Brighthouse Funds Trust I

BlackRock High Yield Portfolio

Schedule of Investments as of September 30, 2023 (Unaudited)

Fair Value Hierarchy—(Continued)

Description	Level 1			Level 2			Level 3		Total
Media	$	—		$	42,026,409		$	—	$	42,026,409
Metal Fabricate/Hardware		—			2,536,244			—		2,536,244
Mining		—			13,225,227			—		13,225,227
Miscellaneous Manufacturing		—			1,338,240			—		1,338,240
Oil & Gas		—			65,082,062			—		65,082,062
Oil & Gas Services		—			7,326,486			—		7,326,486
Packaging & Containers		—			28,400,247			—		28,400,247
Pharmaceuticals		—			8,699,295			—		8,699,295
Pipelines		—			39,429,807			—		39,429,807
Real Estate		—			3,570,993			0		3,570,993
Real Estate Investment Trusts		—			18,955,715			—		18,955,715
Retail		—			20,958,152			—		20,958,152
Semiconductors		—			5,990,078			—		5,990,078
Software		—			42,868,317			—		42,868,317
Telecommunications		—			42,694,999			—		42,694,999
Toys/Games/Hobbies		—			968,021			—		968,021
Transportation		—			1,363,845			—		1,363,845
Trucking & Leasing		—			4,544,356			—		4,544,356
Total Corporate Bonds & Notes		—			805,866,813			0		805,866,813
Total Floating Rate Loans (Less Unfunded Loan Commitments of $36,994)*		—			77,650,587			—		77,650,587
Common Stocks
Chemicals		467,169			—			—		467,169
Containers & Packaging		237,217			—			—		237,217
Energy Equipment & Services		4,512			—			—		4,512
Financial Services		107,286			—			—		107,286
Ground Transportation		368,058			—			—		368,058
Hotels, Restaurants & Leisure		735,705			—			—		735,705
IT Services		70,704			—			—		70,704
Metals & Mining		1,303,866			—			—		1,303,866
Pharmaceuticals		680,309			—			—		680,309
Real Estate Management & Development		—			3,834			—		3,834
Software		582,501			—			—		582,501
Total Common Stocks		4,557,327			3,834			—		4,561,161
Total Convertible Bonds*		—			1,827,846			—		1,827,846
Total Escrow Shares*		—			3,343			—		3,343
Total Short-Term Investment*		—			12,329,559			—		12,329,559
Securities Lending Reinvestments
Certificates of Deposit		—			15,000,371			—		15,000,371
Commercial Paper		—			2,000,220			—		2,000,220
Repurchase Agreements		—			21,014,056			—		21,014,056
Mutual Funds		31,000,000			—			—		31,000,000
Total Securities Lending Reinvestments		31,000,000			38,014,647			—		69,014,647
Total Purchased Options at Value		4,130			—			—		4,130
Total Net Investments	$	35,561,457		$	935,696,629		$	0	$	971,258,086
Collateral for Securities Loaned (Liability)	$	—		$	(69,001,412	)	$	—	$	(69,001,412	)
Forward Contracts
Forward Foreign Currency Exchange Contracts (Unrealized Appreciation)	$	—		$	275,216		$	—	$	275,216
Forward Foreign Currency Exchange Contracts (Unrealized Depreciation)		—			(63	)		—		(63	)
Total Forward Contracts	$	—		$	275,153		$	—	$	275,153
Futures Contracts
Futures Contracts (Unrealized Depreciation)	$	(106,078	)	$	—		$	—	$	(106,078	)
Total Written Options at Value	$	(1,761	)	$	—		$	—	$	(1,761	)
Centrally Cleared Swap Contracts
Centrally Cleared Swap Contracts (Unrealized Depreciation)	$	—		$	(8,745	)	$	—	$	(8,745	)

BHFTI-84

Brighthouse Funds Trust I

BlackRock High Yield Portfolio

Schedule of Investments as of September 30, 2023 (Unaudited)

Fair Value Hierarchy—(Continued)

Description	Level 1		Level 2			Level 3		Total
OTC Swap Contracts
OTC Swap Contracts at Value (Assets)	$	—	$	31,871		$	—	$	31,871
OTC Swap Contracts at Value (Liabilities)		—		(22,287	)		—		(22,287	)
Total OTC Swap Contracts	$	—	$	9,584		$	—	$	9,584

* See Schedule of Investments for additional detailed categorizations.

Level 3 investments at the beginning and/or end of the period in relation to net assets were not significant and accordingly, a reconciliation of Level 3 assets for the period ended September 30, 2023 is not presented.

BHFTI-85

Brighthouse Funds Trust I

Brighthouse Asset Allocation 100 Portfolio

Schedule of Investments as of September 30, 2023 (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)		1,505,582	$	15,477,378
Baillie Gifford International Stock Portfolio (Class A) (b)		7,303,508		66,388,884
BlackRock Capital Appreciation Portfolio (Class A) (b)		1,877,786		58,662,031
Brighthouse Small Cap Value Portfolio (Class A) (a)		3,710,446		46,528,988
Brighthouse/abrdn Emerging Markets Equity Portfolio (Class A) (a)		4,969,723		40,702,035
Brighthouse/Artisan International Portfolio (Class A) (a)		6,981,413		65,415,841
Brighthouse/Artisan Mid Cap Value Portfolio (Class A) (b)		39,979		7,818,202
Brighthouse/Dimensional International Small Company Portfolio (Class A) (b)		8,423,745		76,740,314
Brighthouse/Wellington Core Equity Opportunities Portfolio (Class A) (b)		2,979,705		77,055,160
Brighthouse/Wellington Large Cap Research Portfolio (Class A) (a)		4,775,777		58,551,021
CBRE Global Real Estate Portfolio (Class A) (a)		4,895,707		43,865,536
Frontier Mid Cap Growth Portfolio (Class A) (b) (c)		681,044		15,405,211
Harris Oakmark International Portfolio (Class A) (a)		6,988,122		83,997,221
Invesco Comstock Portfolio (Class A) (a)		7,672,955		90,310,678
Invesco Global Equity Portfolio (Class A) (a)		1,870,765		39,042,871
Invesco Small Cap Growth Portfolio (Class A) (a) (c)		3,627,468		26,915,816
Jennison Growth Portfolio (Class A) (b) (c)		7,004,707		86,297,990
JPMorgan Small Cap Value Portfolio (Class A) (a)		3,168,145		31,301,275
Loomis Sayles Growth Portfolio (Class A) (a)		7,170,517		97,447,320
Loomis Sayles Small Cap Growth Portfolio (Class A) (b) (c)		4,323,660		42,501,579
MFS Research International Portfolio (Class A) (a)		4,688,847		51,999,310
MFS Value Portfolio (Class A) (b)		7,623,250		96,967,737
Morgan Stanley Discovery Portfolio (Class A) (a) (c)		1,585,914		7,548,950
Neuberger Berman Genesis Portfolio (Class A) (b)		1,056,505		17,886,634
SSGA Emerging Markets Enhanced Index Portfolio (Class A) (a)		3,871,332		35,112,980
T. Rowe Price Large Cap Growth Portfolio (Class A) (b) (c)		4,903,378		90,124,095
T. Rowe Price Large Cap Value Portfolio (Class A) (a)		3,757,775		88,946,535
T. Rowe Price Mid Cap Growth Portfolio (Class A) (a)		1,378,749		11,746,945
T. Rowe Price Small Cap Growth Portfolio (Class A) (b)		1,541,771		27,227,672
VanEck Global Natural Resources Portfolio (Class A) (b)		2,576,173		30,862,550
Victory Sycamore Mid Cap Value Portfolio (Class A) (a)		645,223		11,336,577
Total Mutual Funds (Cost $1,752,105,119)				1,540,185,336
Total Investments—100.0% (Cost $1,752,105,119)				1,540,185,336
Other assets and liabilities (net)—0.0%				(534,592	)
Net Assets—100.0%			$	1,539,650,744

(a)	A Portfolio of Brighthouse Funds Trust I.
(b)	A Portfolio of Brighthouse Funds Trust II.
(c)	Non-income producing security.

Fair Value Hierarchy

Accounting principles generally accepted in the United States of America (“GAAP”) define fair market value as the price that the Portfolio would receive to sell an asset or pay to transfer a liability in an orderly transaction between market participants at the measurement date. It establishes a fair value hierarchy that prioritizes inputs to valuation methods and requires disclosure of the fair value hierarchy, separately for each major category of assets and liabilities, that segregates fair value measurements into three levels. Levels 1, 2 and 3 of the fair value hierarchy are defined as follows:

Level 1 - unadjusted quoted prices in active markets for identical investments

Level 2 - other significant observable inputs (including, but not limited to, quoted prices for similar assets or liabilities in markets that are either active or inactive; inputs other than quoted prices that are observable such as interest rates, yield curves, volatilities, prepayment speeds, loss severities, credit risks, default rates, or other market corroborated inputs)

Level 3 - significant unobservable inputs based on the best information available in the circumstances, to the extent observable inputs are unavailable (including the Portfolio’s own assumptions used in determining the fair value of investments and derivative financial instruments)

The inputs or methodologies used for valuing investments are not necessarily an indication of the risk associated with investing in them. Changes to the inputs or methodologies used may result in transfers between levels. A reconciliation of Level 3 securities, if any, will be disclosed following the fair value hierarchy table. For more information about the Portfolio’s policy regarding the valuation of investments, please refer to the Notes to Schedule of Investments.

The following table summarizes the fair value hierarchy of the Portfolio’s investments as of September 30, 2023:

Description	Level 1		Level 2		Level 3		Total
Mutual Funds
Affiliated Investment Companies	$	1,540,185,336	$	—	$	—	$	1,540,185,336
Total Investments	$	1,540,185,336	$	—	$	—	$	1,540,185,336

BHFTI-86

Brighthouse Funds Trust I

Brighthouse Balanced Plus Portfolio

Schedule of Investments as of September 30, 2023 (Unaudited)

Mutual Funds—71.0% of Net Assets

Security Description	Shares		Value
Affiliated Investment Companies—71.0%
AB International Bond Portfolio (Class A) (a)		12,628,889	$	93,580,068
Allspring Mid Cap Value Portfolio (Class A) (a)		10,737,048		110,376,848
Baillie Gifford International Stock Portfolio (Class A) (b)		22,196,133		201,762,848
BlackRock Bond Income Portfolio (Class A) (b)		6,306,211		544,604,408
BlackRock Capital Appreciation Portfolio (Class A) (b)		514,877		16,084,758
BlackRock High Yield Portfolio (Class A) (a)		10,891,945		75,154,422
Brighthouse Small Cap Value Portfolio (Class A) (a)		7,172,647		89,944,990
Brighthouse/abrdn Emerging Markets Equity Portfolio (Class A) (a)		8,978,441		73,533,430
Brighthouse/Artisan International Portfolio (Class A) (a)		15,851,934		148,532,618
Brighthouse/Artisan Mid Cap Value Portfolio (Class A) (b)		568,740		111,222,725
Brighthouse/Dimensional International Small Company Portfolio (Class A) (b)		11,389,187		103,755,494
Brighthouse/Eaton Vance Floating Rate Portfolio (Class A) (a)		11,655,533		112,942,112
Brighthouse/Franklin Low Duration Total Return Portfolio (Class A) (a)		22,102,746		188,757,450
Brighthouse/Templeton International Bond Portfolio (Class A) (a) (c)		13,395,898		96,852,342
Brighthouse/Wellington Core Equity Opportunities Portfolio (Class A) (b)		1,111,829		28,751,892
Brighthouse/Wellington Large Cap Research Portfolio (Class A) (a)		2,675,990		32,807,643
CBRE Global Real Estate Portfolio (Class A) (a)		7,338,662		65,754,410
Frontier Mid Cap Growth Portfolio (Class A) (b) (c)		4,137,354		93,586,939
Harris Oakmark International Portfolio (Class A) (a)		23,355,964		280,738,685
Invesco Comstock Portfolio (Class A) (a)		696,194		8,194,201
Invesco Global Equity Portfolio (Class A) (a)		3,552,375		74,138,065
Invesco Small Cap Growth Portfolio (Class A) (a) (c)		8,585,898		63,707,360
Jennison Growth Portfolio (Class A) (b) (c)		1,884,695		23,219,444
JPMorgan Core Bond Portfolio (Class A) (a)		37,541,875		319,856,778
JPMorgan Small Cap Value Portfolio (Class A) (a)		6,416,832		63,398,304
Loomis Sayles Growth Portfolio (Class A) (a)		1,329,826		18,072,338
MFS Research International Portfolio (Class A) (a)		17,249,195		191,293,577
MFS Value Portfolio (Class A) (b)		1,854,737		23,592,252
Morgan Stanley Discovery Portfolio (Class A) (a) (c)		7,180,921		34,181,185
Neuberger Berman Genesis Portfolio (Class A) (b)		3,045,477		51,559,933
PIMCO Inflation Protected Bond Portfolio (Class A) (a)		16,460,672		149,792,112
PIMCO Total Return Portfolio (Class A) (a)		44,332,395		410,961,299
SSGA Emerging Markets Enhanced Index Portfolio (Class A) (a)		7,389,092		67,019,069
T. Rowe Price Large Cap Value Portfolio (Class A) (a)		780,515		18,474,786
T. Rowe Price Mid Cap Growth Portfolio (Class A) (a)		6,492,933		55,319,786
T. Rowe Price Small Cap Growth Portfolio (Class A) (b)		5,089,527		89,881,046
TCW Core Fixed Income Portfolio (Class A) (a)		53,041,079		439,710,542
VanEck Global Natural Resources Portfolio (Class A) (b)		8,606,524		103,106,162
Western Asset Management Strategic Bond Opportunities Portfolio (Class A) (b)		24,144,072		246,269,539
Western Asset Management U.S. Government Portfolio (Class A) (b)		26,222,388		262,748,330
Total Mutual Funds (Cost $5,992,730,250)				5,183,240,190
U.S. Treasury & Government Agencies—27.8%
Security Description	Principal Amount*		Value
Agency Sponsored Mortgage-Backed—2.7%
Federal Home Loan Mortgage Corp. 4.000%, 05/01/48		4,727		4,265
4.000%, 03/01/50		96,203		86,941
4.000%, 05/01/50		26,198		23,525
5.000%, 08/01/53		29,612,927		27,949,918
Federal Home Loan Mortgage Corp. Multifamily Structured Pass-Through Certificates 3.176%, 11/25/28		2,817,632		2,695,911
Federal National Mortgage Association 2.920%, 03/01/35		2,950,000		2,240,413
3.000%, 12/01/51		29,539,415		24,441,998
3.180%, 07/01/35		2,472,802		2,033,486
4.000%, 08/01/47		22,316		20,251
4.000%, 06/01/48		94,527		85,698
4.000%, 11/01/48		5,469		4,957
4.000%, 03/01/49		964,757		871,835
4.000%, 08/01/49		117,615		106,117
4.000%, 03/01/50		20,430,461		18,355,451
4.000%, 07/01/50		4,119,342		3,722,512
Government National Mortgage Association, TBA 4.000%, TBA (d)		110,000,000		99,098,827
Uniform Mortgage-Backed Security, TBA 4.000%, TBA (d)		16,000,000		14,243,750
				195,985,855
Federal Agencies—0.3%
Resolution Funding Corp. Principal STRIPS
Zero Coupon, 04/15/30		19,500,000		13,997,761
Tennessee Valley Authority 2.875%, 02/01/27		1,700,000		1,596,603
4.250%, 09/15/65		10,000,000		7,929,504
				23,523,868
U.S. Treasury—24.8%
U.S. Treasury Bonds 1.375%, 08/15/50		358,500,000		174,936,797
1.625%, 11/15/50		144,200,000		75,530,382
1.875%, 02/15/51		173,000,000		96,961,094
2.000%, 08/15/51 (e)		57,600,000		33,237,000
2.750%, 11/15/42		132,600,000		96,803,179
2.875%, 05/15/43		126,000,000		93,348,282
2.875%, 11/15/46		114,100,000		81,946,976
2.875%, 05/15/52		56,900,000		40,343,434
3.000%, 11/15/44		80,000,000		59,709,375
3.125%, 02/15/43		89,700,000		69,440,414
3.375%, 05/15/44		99,895,000		79,713,088
3.625%, 02/15/53 (e)		50,000,000		41,351,562
3.625%, 05/15/53 (e)		37,700,000		31,214,422
U.S. Treasury Notes 0.375%, 09/30/27 (f)		125,000,000		105,512,695
0.500%, 02/28/26 (f) (g)		21,100,000		18,996,594
0.750%, 05/31/26		300,000,000		269,425,782
1.375%, 10/31/28		37,900,000		32,334,918
2.750%, 07/31/27 (f) (g)		29,400,000		27,386,789
3.500%, 01/31/28 (f)		75,000,000		71,575,195

BHFTI-87

Brighthouse Funds Trust I

Brighthouse Balanced Plus Portfolio

Schedule of Investments as of September 30, 2023 (Unaudited)

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

Security Description	Principal Amount*		Value
U.S. Treasury—(Continued)
U.S. Treasury Notes 3.500%, 04/30/30		100,000,000	$	93,589,844
3.750%, 05/31/30		138,000,000		131,013,750
4.125%, 10/31/27		34,900,000		34,157,012
4.125%, 08/31/30		50,000,000		48,531,250
				1,807,059,834
Total U.S. Treasury & Government Agencies (Cost $2,613,354,743)				2,026,569,557
Corporate Bonds & Notes—2.1%
Banks—2.0%
Bank of America Corp. 3.419%, 3M TSFR + 1.302%, 12/20/28 (h)		20,000,000		17,940,971
Citigroup, Inc. 3.887%, 3M TSFR + 1.825%, 01/10/28 (h)		20,000,000		18,643,771
Cooperatieve Rabobank UA 4.375%, 08/04/25		5,000,000		4,824,954
Goldman Sachs Group, Inc. 3.691%, 3M TSFR + 1.772%, 06/05/28 (h)		10,000,000		9,215,921
3.750%, 02/25/26		19,500,000		18,537,258
HSBC Holdings PLC 4.300%, 03/08/26		20,000,000		19,200,168
5.250%, 03/14/44		3,000,000		2,498,901
JPMorgan Chase & Co. 3.540%, 3M TSFR + 1.642%, 05/01/28 (h)		10,000,000		9,194,946
4.000%, 3M TSFR + 2.745%, 04/01/25 (h)		8,000,000		7,286,723
6.125%, 3M TSFR + 3.592%, 04/30/24 (h)		3,000,000		2,967,674
Mitsubishi UFJ Financial Group, Inc. 2.852%, 1Y H15 + 1.100%, 01/19/33 (h)		5,100,000		4,008,438
Mizuho Financial Group, Inc. 4.254%, 3M TSFR + 1.532%, 09/11/29 (h)		5,000,000		4,593,851
Morgan Stanley 3.591%, 3M TSFR + 1.340%, 07/22/28 (h)		20,000,000		18,247,596
UBS Group AG 3.179%, 1Y H15 + 1.100%, 02/11/43 (144A) (h)		3,000,000		1,940,378
Wells Fargo & Co. 5.900%, 3M TSFR + 3.110%, 06/15/24 (h)		8,600,000		8,427,614
				147,529,164
Diversified Financial Services—0.0%
Blackstone Holdings Finance Co. LLC 3.200%, 01/30/52 (144A)		1,300,000		776,747
Electric—0.0%
Israel Electric Corp. Ltd. 3.750%, 02/22/32 (144A)		900,000		739,350
MidAmerican Energy Co. 2.700%, 08/01/52		800,000		453,141
				1,192,491
Telecommunications—0.1%
AT&T, Inc. 3.500%, 09/15/53		2,045,000		1,263,502
3.800%, 12/01/57		1,556,000		985,766
				2,249,268
Transportation—0.0%
Vessel Management Services, Inc. 3.432%, 08/15/36		2,119,000		1,876,379
Total Corporate Bonds & Notes (Cost $168,789,992)				153,624,049
Mortgage-Backed Securities—0.5%
Collateralized Mortgage Obligations—0.2%
Citigroup Mortgage Loan Trust, Inc. 3.000%, 11/27/51 (144A) (h)		19,990,580		15,773,827
Commercial Mortgage-Backed Securities—0.3%
BANK 4.493%, 06/15/55 (h)		15,000,000		13,511,104
BBCMS Mortgage Trust 2.299%, 02/15/54		11,400,000		8,943,844
				22,454,948
Total Mortgage-Backed Securities (Cost $44,540,273)				38,228,775
Municipals—0.0%
Los Angeles Community College District 6.750%, 08/01/49		400,000		454,205
Port Authority of New York & New Jersey 4.458%, 10/01/62		1,845,000		1,519,940
Total Municipals (Cost $2,512,922)				1,974,145
Short-Term Investments—1.2%
Repurchase Agreements—1.2%
Deutsche Bank Securities, Inc. Repurchase Agreement dated 09/29/23 at 5.370%, due on 10/03/23 with a maturity value of $40,105,982; collateralized by U.S. Treasury Inflated Protected Note at 0.375%, maturing 01/15/27, with a market value of $41,069,957.		40,100,000		40,100,000
Fixed Income Clearing Corp. Repurchase Agreement dated 09/29/23 at 2.500%, due on 10/02/23 with a maturity value of $5,038,434; collateralized by U.S. Treasury Note at 0.750%, maturing 04/30/26, with a market value of $5,138,161.		5,037,384		5,037,384

BHFTI-88

Brighthouse Funds Trust I

Brighthouse Balanced Plus Portfolio

Schedule of Investments as of September 30, 2023 (Unaudited)

Short-Term Investments—(Continued)

Security Description	Principal Amount*		Value
Repurchase Agreements—(Continued)
Goldman Sachs & Co. LLC Repurchase Agreement dated 09/29/23 at 5.360%, due on 10/02/23 with a maturity value of $7,503,350; collateralized by U.S. Government Agency Obligation at 3.00%, maturing 08/01/52, with a market value of $7,674,152.		7,500,000	$	7,500,000
JPMorgan Securities LLC Repurchase Agreement dated 09/29/23 at 5.380%, due on 10/02/23 with a maturity value of $33,815,154; collateralized by U.S. Treasury Bond at 2.375% maturing 05/15/51, with a market value of $33,932,606.		33,800,000		33,800,000
Total Short-Term Investments (Cost $86,437,384)				86,437,384
Total Investments—102.6% (Cost $8,908,365,564)				7,490,074,100
Other assets and liabilities (net)—(2.6)%				(187,050,295	)
Net Assets—100.0%			$	7,303,023,805

*	Principal amount stated in U.S. dollars unless otherwise noted.
(a)	A Portfolio of Brighthouse Funds Trust I.
(b)	A Portfolio of Brighthouse Funds Trust II.
(c)	Non-income producing security.
(d)	TBA (To Be Announced) Securities are purchased on a forward commitment basis with an approximate principal amount and no defined maturity date. The actual principal and maturity date will be determined upon settlement date.
(e)	All or a portion of the security was pledged as collateral against open reverse repurchase agreements. As of September 30, 2023, the market value of securities pledged amounted to $42,661,540.
(f)	All or a portion of the security was pledged as collateral against open futures contracts. As of September 30, 2023, the market value of securities pledged was $72,560,149.
(g)	All or a portion of the security was pledged as collateral against TBA securities. As of September 30, 2023, the value of securities pledged amounted to $2,529,343.
(h)	Variable or floating rate security. The stated rate represents the rate at September 30, 2023. 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 September 30, 2023, the market value of 144A securities was $19,230,302, which is 0.3% of net assets.

Reverse Repurchase Agreements    

Counterparty	Interest Rate			Settlement Date		Maturity Date		Principal Amount			Net Closing Amount
Deutsche Bank Securities, Inc		5.430	%		09/26/23		10/05/23		USD	10,981,125	$	10,981,125
JPMorgan Securities LLC		5.320	%		09/22/23		10/06/23		USD	32,422,000		32,422,000
Total											$	43,403,125

Securities pledged as collateral against open reverse repurchase agreements are noted in the Schedule of Investments.

Futures Contracts

Futures Contracts – Long	Expiration Date		Number of Contracts		Notional Amount			Value/ Unrealized Appreciation/ (Depreciation)
S&P 500 Index E-Mini Futures		12/15/23		6,076		USD	1,314,086,900	$	(68,114,310	)

Glossary of Abbreviations

Currencies

(USD)— United States Dollar

Index Abbreviations

(H15)—	U.S. Treasury Yield Curve Rate T-Note Constant Maturity Index
(TSFR)—	Term Secured Overnight Financing Rate

BHFTI-89

Brighthouse Funds Trust I

Brighthouse Balanced Plus Portfolio

Schedule of Investments as of September 30, 2023 (Unaudited)

Fair Value Hierarchy

Accounting principles generally accepted in the United States of America (“GAAP”) define fair market value as the price that the Portfolio would receive to sell an asset or pay to transfer a liability in an orderly transaction between market participants at the measurement date. It establishes a fair value hierarchy that prioritizes inputs to valuation methods and requires disclosure of the fair value hierarchy, separately for each major category of assets and liabilities, that segregates fair value measurements into three levels. Levels 1, 2 and 3 of the fair value hierarchy are defined as follows:

Level 1 - unadjusted quoted prices in active markets for identical investments

Level 2 - other significant observable inputs (including, but not limited to, quoted prices for similar assets or liabilities in markets that are either active or inactive; inputs other than quoted prices that are observable such as interest rates, yield curves, volatilities, prepayment speeds, loss severities, credit risks, default rates, or other market corroborated inputs)

Level 3 - significant unobservable inputs based on the best information available in the circumstances, to the extent observable inputs are unavailable (including the Portfolio’s own assumptions used in determining the fair value of investments and derivative financial instruments)

The inputs or methodologies used for valuing investments are not necessarily an indication of the risk associated with investing in them. Changes to the inputs or methodologies used may result in transfers between levels. A reconciliation of Level 3 securities, if any, will be disclosed following the fair value hierarchy table. For more information about the Portfolio’s policy regarding the valuation of investments, please refer to the Notes to Schedule of Investments.

The following table summarizes the fair value hierarchy of the Portfolio’s investments as of September 30, 2023:

Description	Level 1			Level 2			Level 3		Total
Total Mutual Funds*	$	5,183,240,190		$	—		$	—	$	5,183,240,190
Total U.S. Treasury & Government Agencies*		—			2,026,569,557			—		2,026,569,557
Total Corporate Bonds & Notes*		—			153,624,049			—		153,624,049
Total Mortgage-Backed Securities*		—			38,228,775			—		38,228,775
Total Municipals*		—			1,974,145			—		1,974,145
Total Short-Term Investments*		—			86,437,384			—		86,437,384
Total Investments	$	5,183,240,190		$	2,306,833,910		$	—	$	7,490,074,100
Total Reverse Repurchase Agreements (Liability)	$	—		$	(43,403,125	)	$	—	$	(43,403,125	)
Futures Contracts
Futures Contracts (Unrealized Depreciation)	$	(68,114,310	)	$	—		$	—	$	(68,114,310	)

* See Schedule of Investments for additional detailed categorizations.

BHFTI-90

Brighthouse Funds Trust I

Brighthouse Small Cap Value Portfolio

Schedule of Investments as of September 30, 2023 (Unaudited)

Common Stocks — 97.4% of Net Assets

Security Description	Shares		Value
Aerospace & Defense — 0.3%
Leonardo DRS, Inc. (a)(b)		178,900	$	2,987,630
Automobile Components — 0.9%
Adient PLC (a)		108,000		3,963,600
Atmus Filtration Technologies, Inc. (a)		37,573		783,397
Holley, Inc. (a)(b)		550,747		2,748,228
				7,495,225
Banks — 10.4%
Associated Banc-Corp. (b)		204,618		3,501,014
Bank of NT Butterfield & Son Ltd. (b)		93,400		2,529,272
Cadence Bank		153,400		3,255,148
Columbia Banking System, Inc.		215,441		4,373,452
Comerica, Inc.		51,800		2,152,290
CVB Financial Corp. (b)		40,724		674,797
East West Bancorp, Inc.		98,100		5,170,851
First Financial Bancorp		168,316		3,298,994
First Hawaiian, Inc. (b)		102,379		1,847,941
First Interstate BancSystem, Inc. - Class A (b)		107,487		2,680,726
FNB Corp.		492,950		5,318,930
Hancock Whitney Corp. (b)		318,745		11,790,377
Hope Bancorp, Inc.		303,740		2,688,099
Renasant Corp. (b)		110,440		2,892,424
Sandy Spring Bancorp, Inc.		79,525		1,704,221
SouthState Corp. (b)		89,661		6,039,565
Synovus Financial Corp.		154,350		4,290,930
UMB Financial Corp. (b)		136,947		8,497,561
Valley National Bancorp (b)		685,500		5,867,880
Washington Federal, Inc. (b)		107,100		2,743,902
Webster Financial Corp.		225,088		9,073,297
				90,391,671
Beverages — 0.4%
Primo Water Corp.		282,786		3,902,447
Building Products — 4.5%
CSW Industrials, Inc. (b)		50,182		8,793,894
Griffon Corp.		110,988		4,402,894
Janus International Group, Inc. (a)(b)		243,531		2,605,782
Quanex Building Products Corp. (b)		251,621		7,088,163
Simpson Manufacturing Co., Inc.		30,841		4,620,290
UFP Industries, Inc.		63,919		6,545,306
Zurn Elkay Water Solutions Corp. - Class C (b)		176,700		4,951,134
				39,007,463
Capital Markets — 1.6%
B Riley Financial, Inc. (b)		20,380		835,376
GlassBridge Enterprises, Inc. (a)		572		6,292
MidCap Financial Investment Corp.		172,853		2,376,729
New Mountain Finance Corp.		229,588		2,973,165
Stifel Financial Corp. (b)		112,153		6,890,680
Westwood Holdings Group, Inc.		42,205		428,381
				13,510,623
Chemicals — 6.9%
Ashland, Inc.		31,800	$	2,597,424
Avient Corp.		410,298		14,491,725
Ecovyst, Inc. (a)(b)		395,521		3,891,927
Element Solutions, Inc.		48,158		944,378
HB Fuller Co. (b)		76,650		5,258,957
Huntsman Corp.		135,850		3,314,740
Innospec, Inc.		152,201		15,554,942
Mativ Holdings, Inc. (b)		307,776		4,388,886
Minerals Technologies, Inc.		32,980		1,805,985
NewMarket Corp.		17,510		7,967,750
				60,216,714
Commercial Services & Supplies — 1.4%
ACCO Brands Corp.		381,156		2,187,836
Ennis, Inc. (b)		124,388		2,639,513
Matthews International Corp. - Class A (b)		23,170		901,545
UniFirst Corp.		24,740		4,032,867
Viad Corp. (a)(b)		103,830		2,720,346
				12,482,107
Communications Equipment — 0.6%
NetScout Systems, Inc. (a)		111,390		3,121,148
Viavi Solutions, Inc. (a)		262,700		2,401,078
				5,522,226
Construction & Engineering — 1.6%
API Group Corp. (a)		253,429		6,571,414
MasTec, Inc. (a)(b)		77,195		5,555,724
MDU Resources Group, Inc.		106,032		2,076,107
				14,203,245
Construction Materials — 1.9%
Eagle Materials, Inc. (b)		75,305		12,539,789
Knife River Corp. (a)(b)		17,439		851,546
Summit Materials, Inc. - Class A (a)		113,153		3,523,584
				16,914,919
Consumer Finance — 0.3%
Bread Financial Holdings, Inc.		67,600		2,311,920
Consumer Staples Distribution & Retail — 0.4%
Performance Food Group Co. (a)		54,281		3,194,980
Containers & Packaging — 2.3%
Berry Global Group, Inc.		89,103		5,516,367
Myers Industries, Inc. (b)		160,626		2,880,024
Silgan Holdings, Inc. (b)		157,969		6,810,044
TriMas Corp.		204,277		5,057,898
				20,264,333
Electric Utilities — 0.9%
ALLETE, Inc.		68,550		3,619,440
IDACORP, Inc. (b)		9,030		845,659

BHFTI-91

Brighthouse Funds Trust I

Brighthouse Small Cap Value Portfolio

Schedule of Investments as of September 30, 2023 (Unaudited)

Common Stocks —(Continued)

Security Description	Shares		Value
Electric Utilities —(Continued)
OGE Energy Corp.		96,200	$	3,206,346
				7,671,445
Electrical Equipment — 1.9%
Atkore, Inc. (a)(b)		85,610		12,772,156
Babcock & Wilcox Enterprises, Inc. (a)(b)		58,511		246,331
Regal Rexnord Corp.		25,956		3,708,593
				16,727,080
Electronic Equipment, Instruments & Components — 3.9%
Belden, Inc.		164,224		15,855,827
Flex Ltd. (a)		234,937		6,338,600
Knowles Corp. (a)(b)		15,939		236,057
TD SYNNEX Corp.		31,500		3,145,590
TTM Technologies, Inc. (a)		306,676		3,949,987
Vishay Intertechnology, Inc. (b)		170,000		4,202,400
				33,728,461
Energy Equipment & Services — 2.3%
Forum Energy Technologies, Inc. (a)(b)		18,776		450,999
Liberty Energy, Inc.		481,358		8,914,750
Patterson-UTI Energy, Inc. (b)		784,576		10,858,532
				20,224,281
Financial Services — 1.1%
Essent Group Ltd.		90,695		4,288,966
Euronet Worldwide, Inc. (a)		26,873		2,133,179
Jackson Financial, Inc. - Class A (b)		79,835		3,051,294
				9,473,439
Food Products — 4.0%
Flowers Foods, Inc.		114,600		2,541,828
Hostess Brands, Inc. (a)		147,500		4,913,225
J & J Snack Foods Corp. (b)		127,995		20,946,382
Nomad Foods Ltd. (a)		348,871		5,309,817
Tootsie Roll Industries, Inc. (b)		51,255		1,530,474
				35,241,726
Gas Utilities — 0.4%
Southwest Gas Holdings, Inc. (b)		57,700		3,485,657
Ground Transportation — 1.2%
Saia, Inc. (a)		5,000		1,993,250
Werner Enterprises, Inc.		215,754		8,403,618
				10,396,868
Health Care Equipment & Supplies — 1.9%
Enovis Corp. (a)(b)		49,982		2,635,551
Globus Medical, Inc. - Class A (a)		58,649		2,911,923
Integer Holdings Corp. (a)(b)		53,100		4,164,633
Integra LifeSciences Holdings Corp. (a)		85,100		3,249,969
Varex Imaging Corp. (a)(b)		167,546		3,148,189
				16,110,265
Health Care Providers & Services — 0.9%
AMN Healthcare Services, Inc. (a)(b)		12,603	$	1,073,523
Patterson Cos., Inc.		168,834		5,004,240
Premier, Inc. - Class A		86,608		1,862,072
				7,939,835
Health Care REITs — 0.4%
National Health Investors, Inc. (b)		60,750		3,120,120
Hotel & Resort REITs — 0.5%
Apple Hospitality REIT, Inc. (b)		260,700		3,999,138
Hotels, Restaurants & Leisure — 1.9%
Choice Hotels International, Inc. (b)		24,400		2,989,244
Denny’s Corp. (a)		433,228		3,669,441
Dine Brands Global, Inc. (b)		90,101		4,455,495
Jack in the Box, Inc. (b)		33,849		2,337,612
Texas Roadhouse, Inc. Class A (b)		31,750		3,051,175
				16,502,967
Household Durables — 1.8%
Helen of Troy Ltd. (a)(b)		51,962		6,056,691
KB Home (b)		92,200		4,267,016
Meritage Homes Corp.		42,900		5,250,531
				15,574,238
Household Products — 2.3%
Central Garden & Pet Co. (Voting Shares) (a)(b)		90,711		4,003,984
Central Garden & Pet Co. (Non-Voting Shares) - Class A (a)		104,678		4,196,541
Spectrum Brands Holdings, Inc. (b)		147,350		11,544,872
				19,745,397
Industrial REITs — 0.4%
LXP Industrial Trust		431,300		3,838,570
Insurance — 5.0%
Assurant, Inc.		34,519		4,956,238
Axis Capital Holdings Ltd.		75,500		4,255,935
Enstar Group Ltd. (a)		30,095		7,282,990
Hanover Insurance Group, Inc. (b)		93,957		10,427,348
National Western Life Group, Inc. - Class A (b)		6,329		2,768,874
ProAssurance Corp.		109,945		2,076,861
Selective Insurance Group, Inc.		35,136		3,624,981
Stewart Information Services Corp. (b)		195,520		8,563,776
				43,957,003
Interactive Media & Services — 0.2%
Ziff Davis, Inc. (a)		31,489		2,005,534
IT Services — 0.6%
Kyndryl Holdings, Inc. (a)		279,461		4,219,861
Perficient, Inc. (a)(b)		11,830		684,484
				4,904,345

BHFTI-92

Brighthouse Funds Trust I

Brighthouse Small Cap Value Portfolio

Schedule of Investments as of September 30, 2023 (Unaudited)

Common Stocks —(Continued)

Security Description	Shares		Value
Leisure Products — 0.5%
Acushnet Holdings Corp. (b)		74,800	$	3,967,392
Life Sciences Tools & Services — 0.5%
Azenta, Inc. (a)(b)		78,032		3,916,426
Machinery — 8.4%
Alamo Group, Inc.		20,936		3,618,997
Barnes Group, Inc.		106,600		3,621,202
Columbus McKinnon Corp. (b)		73,922		2,580,617
Douglas Dynamics, Inc. (b)		176,968		5,340,894
Franklin Electric Co., Inc.		147,563		13,167,047
Hillenbrand, Inc. (b)		40,385		1,708,689
Hillman Group (a)		502,200		4,143,150
Hillman Solutions Corp. (a)(b)		80,588		664,851
ITT, Inc.		78,708		7,706,300
Kadant, Inc. (b)		25,311		5,708,896
Mayville Engineering Co., Inc. (a)		146,602		1,608,224
Mueller Industries, Inc. (b)		192,575		14,473,937
Terex Corp. (b)		80,950		4,664,339
Timken Co.		53,900		3,961,111
				72,968,254
Marine Transportation — 0.4%
Kirby Corp. (a)		44,100		3,651,480
Media — 0.2%
DallasNews Corp. (b)		43,318		199,263
TEGNA, Inc.		15,774		229,827
Thryv Holdings, Inc. (a)(b)		83,781		1,572,569
				2,001,659
Metals & Mining — 0.2%
Ryerson Holding Corp.		71,000		2,065,390
Mortgage Real Estate Investment Trusts — 1.6%
AGNC Investment Corp. (b)		486,223		4,589,945
Apollo Commercial Real Estate Finance, Inc. (b)		183,517		1,859,027
New York Mortgage Trust, Inc. (b)		288,946		2,453,152
Two Harbors Investment Corp.		386,441		5,116,479
				14,018,603
Multi-Utilities — 0.5%
Black Hills Corp.		79,891		4,041,686
Oil, Gas & Consumable Fuels — 6.4%
Berry Corp.		204,199		1,674,432
Callon Petroleum Co. (a)(b)		42,881		1,677,505
Chord Energy Corp. (b)		32,275		5,230,809
CNX Resources Corp. (a)(b)		121,200		2,736,696
Enerplus Corp.		67,508		1,190,166
EnLink Midstream LLC (a)(b)		393,800		4,812,236
Magnolia Oil & Gas Corp. - Class A (b)		455,674		10,439,491
Matador Resources Co.		86,880		5,167,622
Murphy Oil Corp.		132,550		6,011,143
Nordic American Tankers Ltd. (b)		300,509		1,238,097
Northern Oil & Gas, Inc. (b)		98,106		3,946,804
Oil, Gas & Consumable Fuels —(Continued)
PBF Energy, Inc. - Class A		80,900	$	4,330,577
SM Energy Co.		41,254		1,635,721
Southwestern Energy Co. (a)(b)		929,046		5,992,347
				56,083,646
Paper & Forest Products — 0.5%
Louisiana-Pacific Corp.		75,634		4,180,291
Pharmaceuticals — 1.1%
Perrigo Co. PLC (b)		50,211		1,604,242
Prestige Consumer Healthcare, Inc. (a)		133,960		7,661,172
				9,265,414
Professional Services — 3.5%
CACI International, Inc. - Class A (a)		15,300		4,803,129
CBIZ, Inc. (a)		73,650		3,822,435
Concentrix Corp. (b)		55,347		4,433,848
KBR, Inc. (b)		89,160		5,255,090
Korn Ferry (b)		104,387		4,952,119
Maximus, Inc. (b)		53,383		3,986,643
Parsons Corp. (a)(b)		63,653		3,459,541
				30,712,805
Real Estate Management & Development — 0.3%
Tricon Residential, Inc.		393,000		2,908,200
Residential REITs — 0.6%
Elme Communities		161,450		2,202,178
Independence Realty Trust, Inc. (b)		228,510		3,215,136
				5,417,314
Retail REITs — 1.3%
Agree Realty Corp.		84,176		4,649,882
Kite Realty Group Trust (b)		151,063		3,235,769
Spirit Realty Capital, Inc.		102,750		3,445,208
				11,330,859
Semiconductors & Semiconductor Equipment — 1.6%
Cirrus Logic, Inc. (a)(b)		52,000		3,845,920
Diodes, Inc. (a)(b)		66,650		5,254,686
Power Integrations, Inc. (b)		61,400		4,685,434
				13,786,040
Software — 0.5%
E2open Parent Holdings, Inc. (a)(b)		365,876		1,661,077
Everbridge, Inc. (a)		36,416		816,447
NCR Corp. (a)(b)		56,424		1,521,755
Synchronoss Technologies, Inc. (a)(b)		439,304		421,732
				4,421,011
Specialized REITs — 0.3%
Outfront Media, Inc. (b)		228,750		2,310,375

BHFTI-93

Brighthouse Funds Trust I

Brighthouse Small Cap Value Portfolio

Schedule of Investments as of September 30, 2023 (Unaudited)

Common Stocks—(Continued)

Security Description	Shares/ Principal Amount*		Value
Specialty Retail—0.7%
Academy Sports & Outdoors, Inc. (b)		21,654	$	1,023,585
Group 1 Automotive, Inc. (b)		17,950		4,823,344
				5,846,929
Technology Hardware, Storage & Peripherals—0.1%
Diebold Nixdorf, Inc. (a)(b)		43,319		820,462
Textiles, Apparel & Luxury Goods—1.5%
Columbia Sportswear Co. (b)		48,300		3,579,030
Delta Apparel, Inc. (a)(b)		59,102		391,846
Levi Strauss & Co. - Class A (b)		99,140		1,346,321
Oxford Industries, Inc. (b)		21,600		2,076,408
Steven Madden Ltd. (b)		188,423		5,986,199
				13,379,804
Trading Companies & Distributors—1.6%
Air Lease Corp.		87,510		3,448,769
Core & Main, Inc. - Class A (a)(b)		24,441		705,123
Custom Truck One Source, Inc. (a)(b)		450,634		2,793,931
H&E Equipment Services, Inc.		84,700		3,658,193
WESCO International, Inc.		24,450		3,516,399
				14,122,415
Total Common Stocks (Cost $738,776,658)				848,268,327
Escrow Shares—0.0%
Special Purpose Acquisition Companies—0.0%
Pershing Square Tontine Holdings Ltd. (a)(c)(d) (Cost $0)		140,969		0
Short-Term Investment—2.5%
Repurchase Agreement—2.5%
Fixed Income Clearing Corp. Repurchase Agreement dated 09/29/23 at 2.500%, due on 10/02/23 with a maturity value of $21,738,281; collateralized by U.S. Treasury Obligations with rates ranging from 0.750% - 2.875%, maturing 04/30/26 - 08/15/45, and an aggregate market value of $22,168,526.		21,733,753		21,733,753
Total Short-Term Investments (Cost $21,733,753)				21,733,753
Securities Lending Reinvestments (e)—20.8%
Certificates of Deposit—6.1%
Bank of America N.A. 5.700%, FEDEFF PRV + 0.370%, 11/17/23 (f)		2,000,000		2,000,270
Barclays Bank PLC 5.720%, SOFR + 0.400%, 02/14/24 (f)		3,000,000		3,000,216
Certificates of Deposit —(Continued)
Canadian Imperial Bank of Commerce (NY) 5.710%, SOFR + 0.400%, 10/13/23 (f)		3,000,000		3,000,294
Citibank N.A. 5.670%, SOFR + 0.350%, 02/20/24 (f)		3,000,000		3,000,225
Credit Agricole Corporate & Investment Bank 5.570%, 11/01/23		3,000,000		3,000,399
Credit Industriel et Commercial 5.510%, SOFR + 0.200%, 12/01/23 (f)		4,000,000		3,999,648
Mitsubishi UFJ Trust & Banking Corp.
Zero Coupon, 10/19/23		2,000,000		1,994,100
Zero Coupon, 10/20/23		500,000		498,450
Zero Coupon, 03/13/24		2,000,000		1,947,560
Mizuho Bank Ltd. 5.610%, SOFR + 0.290%, 10/17/23 (f)		5,000,000		5,000,245
Nordea Bank Abp 5.660%, SOFR + 0.350%, 10/23/23 (f)		2,000,000		2,000,304
Oversea-Chinese Banking Corp. Ltd. 5.550%, SOFR + 0.230%, 11/13/23 (f)		4,000,000		4,000,584
Royal Bank of Canada 5.880%, FEDEFF PRV + 0.550%, 09/20/24 (f)		3,000,000		3,002,310
Standard Chartered Bank 5.680%, SOFR + 0.370%, 03/12/24 (f)		2,000,000		2,000,000
Sumitomo Mitsui Banking Corp. 5.770%, SOFR + 0.460%, 01/11/24 (f)		3,000,000		3,002,793
Sumitomo Mitsui Trust Bank Ltd.
Zero Coupon, 12/19/23		1,500,000		1,481,430
5.580%, SOFR + 0.270%, 10/23/23 (f)		4,000,000		4,000,212
Svenska Handelsbanken AB 5.660%, SOFR + 0.340%, 10/31/23 (f)		1,000,000		1,000,105
Toronto-Dominion Bank 5.730%, FEDEFF PRV + 0.400%, 02/13/24 (f)		2,000,000		2,001,160
5.780%, FEDEFF PRV + 0.450%, 10/13/23 (f)		3,000,000		3,000,285
				52,930,590
Commercial Paper—1.4%
National Australia Bank Ltd. 5.660%, SOFR + 0.350%, 12/05/23 (f)		3,000,000		3,000,660
Old Line Funding LLC 5.620%, SOFR + 0.300%, 12/28/23 (f)		2,000,000		1,999,998
Skandinaviska Enskilda Banken AB 5.680%, SOFR + 0.360%, 11/15/23 (f)		3,000,000		3,000,810
UBS AG 5.600%, SOFR + 0.280%, 11/27/23 (f)		4,000,000		4,000,000
				12,001,468
Repurchase Agreements—8.0%
Citigroup Global Markets, Inc.
Repurchase Agreement dated 09/29/23 at 5.470%, due on 10/06/23 with a maturity value of $3,804,042; collateralized by U.S. Treasury Obligations with rates ranging from 0.250% - 5.403%, maturity dates ranging from 01/31/24 - 10/31/25, and various Common Stock with an aggregate market value of $3,876,094.		3,800,000		3,800,000

BHFTI-94

Brighthouse Funds Trust I

Brighthouse Small Cap Value Portfolio

Schedule of Investments as of September 30, 2023 (Unaudited)

Securities Lending Reinvestments (e)—(Continued)

Security Description	Principal Amount*		Value
Repurchase Agreements—(Continued)
Repurchase Agreement dated 09/29/23 at 5.620%, due on 11/03/23 with a maturity value of $7,038,247; collateralized by U.S. Treasury Obligations with rates ranging from 0.125% - 4.250%, maturity dates ranging from 07/15/25 - 11/30/28, and various Common Stock with an aggregate market value of $7,140,512.		7,000,000	$	7,000,000
ING Financial Markets LLC Repurchase Agreement dated 09/29/23 at 5.300%, due on 10/02/23 with a maturity value of $13,751,262; collateralized by U.S. Treasury Obligations with rates ranging from 0.000% - 4.500%, maturity dates ranging from 10/12/23 - 02/15/50, and an aggregate market value of $14,020,096.		13,745,191		13,745,191
National Bank of Canada
Repurchase Agreement dated 09/29/23 at 5.320%, due on 10/06/23 with a maturity value of $5,806,000; collateralized by U.S. Treasury Obligations with rates ranging from 0.000% - 4.000%, maturity dates ranging from 10/12/23 - 02/15/32, and an aggregate market value of $5,943,722.		5,800,000		5,800,000
Repurchase Agreement dated 09/29/23 at 5.450%, due on 10/06/23 with a maturity value of $20,021,194; collateralized by various Common Stock with an aggregate market value of $22,319,747.		20,000,000		20,000,000
NBC Global Finance Ltd. Repurchase Agreement dated 09/29/23 at 5.460%, due on 10/02/23 with a maturity value of $10,004,550; collateralized by various Common Stock with an aggregate market value of $11,159,949.		10,000,000		10,000,000
Royal Bank of Canada Toronto Repurchase Agreement dated 09/29/23 at 5.590%, due on 11/03/23 with a maturity value of $3,016,304; collateralized by various Common Stock with an aggregate market value of $3,333,851.		3,000,000		3,000,000
Societe Generale
Repurchase Agreement dated 09/29/23 at 5.340%, due on 10/02/23 with a maturity value of $1,000,445; collateralized by U.S. Treasury Obligations with rates ranging from 0.375% - 5.403%, maturity dates ranging from 01/31/24 - 02/15/37, and an aggregate market value of $1,022,422.		1,000,000		1,000,000
Repurchase Agreement dated 09/29/23 at 5.420%, due on 10/02/23 with a maturity value of $700,316; collateralized by various Common Stock with an aggregate market value of $779,113.		700,000		700,000
TD Prime Services LLC Repurchase Agreement dated 09/29/23 at 5.420%, due on 10/02/23 with a maturity value of $5,002,258; collateralized by various Common Stock with an aggregate market value of $5,502,488.		5,000,000		5,000,000
				70,045,191
Time Deposit—0.6%
National Bank of Canada 5.370%, OBFR + 0.050%, 10/06/23 (f)		5,000,000		5,000,000
Mutual Funds—4.7%
BlackRock Liquidity Funds FedFund, Institutional Shares 5.230% (g)		5,000,000		5,000,000
Dreyfus Treasury Obligations Cash Management Fund, Institutional Class 5.230% (g)		5,000,000		5,000,000
Fidelity Investments Money Market Government Portfolio, Class I 5.230% (g)		1,000,000		1,000,000
HSBC U.S. Government Money Market Fund, Class I 5.270% (g)		5,000,000		5,000,000
RBC U.S. Government Money Market Fund, Institutional Shares 5.270% (g)		5,000,000		5,000,000
State Street Institutional U.S. Government Money Market Fund, Premier Class 5.290% (g)		10,000,000		10,000,000
STIT-Government & Agency Portfolio, Institutional Class 5.260% (g)		5,000,000		5,000,000
Western Asset Institutional Government Reserves Fund, Institutional Class 5.250% (g)		5,000,000		5,000,000
				41,000,000
Total Securities Lending Reinvestments (Cost $180,968,593)				180,977,249
Total Investments— 120.7% (Cost $941,479,004)				1,050,979,329
Other assets and liabilities (net)—(20.7)%				(180,102,643	)
Net Assets—100.0%			$	870,876,686

*	Principal amount stated in U.S. dollars unless otherwise noted.
(a)	Non-income producing security.
(b)	All or a portion of the security was held on loan. As of September 30, 2023, the market value of securities loaned was $205,622,859 and the collateral received consisted of cash in the amount of $180,930,599 and non-cash collateral with a value of $30,736,977. 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)	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 subject to oversight by the Board of Trustees. As of September 30, 2023, these securities represent less than 0.05% of net assets.
(e)	Represents investment of cash collateral received from securities on loan as of September 30, 2023.
(f)	Variable or floating rate security. The stated rate represents the rate at September 30, 2023. Maturity date shown for callable securities reflects the earliest possible call date. For securities based on a published reference index and spread, the index and spread are indicated in the description above. For certain variable rate securities, the coupon rate is determined by the issuer/agent based on current market conditions. For certain asset- and mortgage-backed securities, the coupon rate may fluctuate based on changes of the underlying collateral or prepayments of principal. These securities do not indicate a reference index and spread in their description above.
(g)	The rate shown represents the annualized seven-day yield as of September 30, 2023.

BHFTI-95

Brighthouse Funds Trust I

Brighthouse Small Cap Value Portfolio

Schedule of Investments as of September 30, 2023 (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

(REIT)— Real Estate Investment Trust

Fair Value Hierarchy

Accounting principles generally accepted in the United States of America (“GAAP”) define fair market value as the price that the Portfolio would receive to sell an asset or pay to transfer a liability in an orderly transaction between market participants at the measurement date. It establishes a fair value hierarchy that prioritizes inputs to valuation methods and requires disclosure of the fair value hierarchy, separately for each major category of assets and liabilities, that segregates fair value measurements into three levels. Levels 1, 2 and 3 of the fair value hierarchy are defined as follows:

Level 1 - unadjusted quoted prices in active markets for identical investments

Level 2 - other significant observable inputs (including, but not limited to, quoted prices for similar assets or liabilities in markets that are either active or inactive; inputs other than quoted prices that are observable such as interest rates, yield curves, volatilities, prepayment speeds, loss severities, credit risks, default rates, or other market corroborated inputs)

Level 3 - significant unobservable inputs based on the best information available in the circumstances, to the extent observable inputs are unavailable (including the Portfolio’s own assumptions used in determining the fair value of investments and derivative financial instruments)

The inputs or methodologies used for valuing investments are not necessarily an indication of the risk associated with investing in them. Changes to the inputs or methodologies used may result in transfers between levels. A reconciliation of Level 3 securities, if any, will be disclosed following the fair value hierarchy table. For more information about the Portfolio’s policy regarding the valuation of investments, please refer to the Notes to Schedule of Investments.

The following table summarizes the fair value hierarchy of the Portfolio’s investments as of September 30, 2023:

Description	Level 1		Level 2			Level 3		Total
Total Common Stocks*	$	848,268,327	$	—		$	—	$	848,268,327
Total Escrow Shares*		—		—			0		0
Total Short-Term Investment*		—		21,733,753			—		21,733,753
Securities Lending Reinvestments
Certificates of Deposit		—		52,930,590			—		52,930,590
Commercial Paper		—		12,001,468			—		12,001,468
Repurchase Agreements		—		70,045,191			—		70,045,191
Time Deposit		—		5,000,000			—		5,000,000
Mutual Funds		41,000,000		—			—		41,000,000
Total Securities Lending Reinvestments		41,000,000		139,977,249			—		180,977,249
Total Investments	$	889,268,327	$	161,711,002		$	0	$	1,050,979,329
Collateral for Securities Loaned (Liability)	$	—	$	(180,930,599	)	$	—	$	(180,930,599	)

* See Schedule of Investments for additional detailed categorizations.

Level 3 investments at the beginning and/or end of the period in relation to net assets were not significant and accordingly, a reconciliation of Level 3 assets for the period ended September 30, 2023 is not presented.

BHFTI-96

Brighthouse Funds Trust I

Brighthouse/abrdn Emerging Markets Equity Portfolio

Schedule of Investments as of September 30, 2023 (Unaudited)

Common Stocks—91.7% of Net Assets

Security Description	Shares		Value
Austria—0.9%
Mondi PLC		453,751	$	7,575,142
Brazil—5.9%
B3 SA - Brasil Bolsa Balcao		5,009,122		12,247,388
MercadoLibre, Inc. (a)		7,982		10,120,218
PRIO SA (a)		650,023		6,083,115
Raia Drogasil SA		2,664,404		14,640,427
WEG SA		788,779		5,691,581
				48,782,729
Chile—0.6%
Sociedad Quimica y Minera de Chile SA (ADR) (b)		78,778		4,700,683
China—25.0%
Alibaba Group Holding Ltd. (a)		3,557,700		38,570,431
Budweiser Brewing Co. APAC Ltd.		3,296,000		6,467,277
China International Capital Corp. Ltd. - Class H		4,036,800		7,366,118
China Resources Land Ltd.		2,270,000		8,946,048
China Tourism Group Duty Free Corp. Ltd. - Class A		344,583		5,069,255
China Tourism Group Duty Free Corp. Ltd. - Class H (b)		350,800		4,611,277
Kweichow Moutai Co. Ltd. - Class A		66,066		16,391,036
Li Auto, Inc. - Class A (a)		565,400		10,111,870
Meituan - Class B (a)		815,290		11,835,843
Midea Group Co. Ltd. - Class A		1,732,688		13,171,735
NARI Technology Co. Ltd. - Class A		3,275,056		9,954,021
Shenzhen Mindray Bio-Medical Electronics Co. Ltd. - Class A		296,077		10,964,515
Tencent Holdings Ltd.		1,249,600		48,428,318
Wuxi Biologics Cayman, Inc. (a)		1,767,500		10,380,882
Zhongsheng Group Holdings Ltd.		1,629,000		4,585,839
				206,854,465
France—2.0%
TotalEnergies SE		254,972		16,779,034
Hong Kong—3.0%
AIA Group Ltd.		2,048,400		16,569,644
Hong Kong Exchanges & Clearing Ltd.		230,590		8,596,835
				25,166,479
India—16.5%
HDFC Bank Ltd.		1,700,306		31,127,944
Hindustan Unilever Ltd.		515,221		15,270,191
Kotak Mahindra Bank Ltd.		684,817		14,321,378
Maruti Suzuki India Ltd.		87,279		11,129,173
Power Grid Corp. of India Ltd.		7,050,979		16,990,999
SBI Life Insurance Co. Ltd.		1,436,958		22,652,406
Tata Consultancy Services Ltd.		320,387		13,576,660
UltraTech Cement Ltd.		119,204		11,864,850
				136,933,601
Indonesia—4.0%
Bank Central Asia Tbk PT		10,296,900		5,874,574
Bank Negara Indonesia Persero Tbk PT		3,697,600		2,469,255
Bank Rakyat Indonesia Persero Tbk PT		46,964,311		15,871,549
Telkom Indonesia Persero Tbk PT		38,233,700		9,273,162
				33,488,540
Kazakhstan—1.6%
Kaspi.KZ JSC (GDR)		137,443		13,304,482
Mexico—6.6%
Fomento Economico Mexicano SAB de CV (ADR)		155,560		16,979,374
Grupo Aeroportuario del Sureste SAB de CV - Class B		324,888		7,961,178
Grupo Financiero Banorte SAB de CV - Class O		1,925,931		16,142,346
Southern Copper Corp.		177,066		13,331,299
				54,414,197
Netherlands—1.9%
ASM International NV		21,363		8,921,172
ASML Holding NV		11,802		6,930,596
				15,851,768
Peru—0.5%
Credicorp Ltd.		34,022		4,353,795
Russia—0.0%
Lukoil PJSC (a) (c) (d)		255,685		0
Novatek PJSC (a) (c) (d)		928,138		0
Sberbank of Russia PJSC † (a) (c) (d)		1,645,424		0
				0
Saudi Arabia—2.2%
Al Rajhi Bank		560,089		10,141,365
Saudi Arabian Oil Co.		858,250		8,009,909
				18,151,274
South Africa—1.9%
Anglo American Platinum Ltd.		148,626		5,541,179
Sanlam Ltd.		2,888,342		9,992,999
				15,534,178
South Korea—3.4%
HD Korea Shipbuilding & Offshore Engineering Co. Ltd. (a)		46,238		3,801,991
LG Chem Ltd.		40,813		15,005,271
Samsung Engineering Co. Ltd. (a)		389,218		8,720,934
				27,528,196
Taiwan—13.6%
Accton Technology Corp.		611,000		9,332,533
Delta Electronics, Inc.		938,000		9,430,055
Hon Hai Precision Industry Co. Ltd.		3,266,000		10,528,516
MediaTek, Inc.		506,000		11,559,805
Taiwan Semiconductor Manufacturing Co. Ltd.		4,451,000		72,231,237
				113,082,146
United Arab Emirates—1.1%
Americana Restaurants International PLC		8,503,148		9,493,287
United States—1.0%
Globant SA (a) (b)		42,321		8,373,210
Total Common Stocks (Cost $836,975,224)				760,367,206

BHFTI-97

Brighthouse Funds Trust I

Brighthouse/abrdn Emerging Markets Equity Portfolio

Schedule of Investments as of September 30, 2023 (Unaudited)

Preferred Stocks—7.6%

Security Description	Shares/ Principal Amount*		Value
Brazil—1.4%
Itausa SA (a)		6,407,002	$	11,535,421
South Korea—6.2%
Samsung Electronics Co. Ltd.		1,278,618		51,621,197
Total Preferred Stocks (Cost $66,912,339)				63,156,618
Short-Term Investment—0.9%
Repurchase Agreement—0.9%
Fixed Income Clearing Corp. Repurchase Agreement dated 09/29/23 at 2.500%, due on 10/02/23 with a maturity value of $7,380,368; collateralized by U.S. Treasury Note at 0.750%, maturing 04/30/26, with a market value of $7,526,455.		7,378,830		7,378,830
Total Short-Term Investments (Cost $7,378,830)				7,378,830
Securities Lending Reinvestments (e)—0.3%
Repurchase Agreements—0.3%
Cantor Fitzgerald & Co. Repurchase Agreement dated 09/29/23 at 5.320%, due on 10/02/23 with a maturity value of $500,222; collateralized by U.S. Government Agency Obligations with rates ranging from 1.500% - 7.267%, maturity dates ranging from 02/01/24 - 08/20/71, and an aggregate market value of $510,000.		500,000		500,000
Citigroup Global Markets, Inc. Repurchase Agreement dated 09/29/23 at 5.470%, due on 10/06/23 with a maturity value of $100,106; collateralized by U.S. Treasury Obligations with rates ranging from 0.250% - 5.403%, maturity dates ranging from 01/31/24 - 10/31/25, and various Common Stock with an aggregate market value of $102,002.		100,000		100,000
ING Financial Markets LLC Repurchase Agreement dated 09/29/23 at 5.300%, due on 10/02/23 with a maturity value of $135,730; collateralized by U.S. Treasury Obligations with rates ranging from 0.000% - 4.500%, maturity dates ranging from 10/12/23 - 02/15/50, and an aggregate market value of $138,383.		135,670		135,670
National Bank Financial, Inc. Repurchase Agreement dated 09/29/23 at 5.320%, due on 10/02/23 with a maturity value of $500,222; collateralized by U.S. Treasury Obligations with rates ranging from 0.625% - 3.875%, maturity dates ranging from 01/15/26 - 11/15/41, and an aggregate market value of $512,390.		500,000		500,000
National Bank of Canada Repurchase Agreement dated 09/29/23 at 5.450%, due on 10/06/23 with a maturity value of $500,530; collateralized by various Common Stock with an aggregate market value of $557,994.		500,000		500,000
Repurchase Agreements—(Continued)
Societe Generale Repurchase Agreement dated 09/29/23 at 5.420%, due on 10/02/23 with a maturity value of $500,226; collateralized by various Common Stock with an aggregate market value of $556,509.		500,000		500,000
				2,235,670
Mutual Funds — 0.0%
Fidelity Investments Money Market Government Portfolio, Class I 5.230% (f)		100,000		100,000
State Street Institutional U.S. Government Money Market Fund, Premier Class 5.290% (f)		100,000		100,000
Western Asset Institutional Government Reserves Fund, Institutional Class 5.250% (f)		100,000		100,000
				300,000
Total Securities Lending Reinvestments (Cost $2,535,670)				2,535,670
Total Investments—100.5% (Cost $913,802,063)				833,438,324
Other assets and liabilities (net)—(0.5)%				(4,490,638	)
Net Assets—100.0%			$	828,947,686

*	Principal amount stated in U.S. dollars unless otherwise noted.
†	Restricted securities are not registered under the Securities Act of 1933 and are subject to legal restrictions on resale. These securities generally may be resold in transactions exempt from registration or to the public if the securities are subsequently registered. Disposal of these securities may involve time-consuming negotiations and prompt sale at an acceptable price may be difficult. As of September 30, 2023, 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)	Non-income producing security.
(b)	All or a portion of the security was held on loan. As of September 30, 2023, the market value of securities loaned was $6,472,265 and the collateral received consisted of cash in the amount of $2,535,670 and non-cash collateral with a value of $4,182,247. 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 subject to oversight by the Board of Trustees. As of September 30, 2023, 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 September 30, 2023.
(f)	The rate shown represents the annualized seven-day yield as of September 30, 2023.

Restricted Securities	Acquisition Date		Shares		Cost		Value
Sberbank of Russia PJSC		04/12/19-10/13/21		1,645,424	$	5,699,395	$	0

BHFTI-98

Brighthouse Funds Trust I

Brighthouse/abrdn Emerging Markets Equity Portfolio

Schedule of Investments as of September 30, 2023 (Unaudited)

Ten Largest Industries as of September 30, 2023 (Unaudited)	% of Net Assets
Banks		13.5
Semiconductors & Semiconductor Equipment		12.0
Technology Hardware, Storage & Peripherals		6.2
Insurance		5.9
Broadline Retail		5.9
Interactive Media & Services		5.8
Beverages		4.8
Oil, Gas & Consumable Fuels		3.7
Capital Markets		3.4
IT Services		2.6

Glossary of Abbreviations

Other Abbreviations

(ADR)—	American Depositary Receipt
(GDR)—	Global Depositary Receipt

BHFTI-99

Brighthouse Funds Trust I

Brighthouse/abrdn Emerging Markets Equity Portfolio

Schedule of Investments as of September 30, 2023 (Unaudited)

Fair Value Hierarchy

Accounting principles generally accepted in the United States of America (“GAAP”) define fair market value as the price that the Portfolio would receive to sell an asset or pay to transfer a liability in an orderly transaction between market participants at the measurement date. It establishes a fair value hierarchy that prioritizes inputs to valuation methods and requires disclosure of the fair value hierarchy, separately for each major category of assets and liabilities, that segregates fair value measurements into three levels. Levels 1, 2 and 3 of the fair value hierarchy are defined as follows:

Level 1 - unadjusted quoted prices in active markets for identical investments

Level 2 - other significant observable inputs (including, but not limited to, quoted prices for similar assets or liabilities in markets that are either active or inactive; inputs other than quoted prices that are observable such as interest rates, yield curves, volatilities, prepayment speeds, loss severities, credit risks, default rates, or other market corroborated inputs)

Level 3 - significant unobservable inputs based on the best information available in the circumstances, to the extent observable inputs are unavailable (including the Portfolio’s own assumptions used in determining the fair value of investments and derivative financial instruments)

The inputs or methodologies used for valuing investments are not necessarily an indication of the risk associated with investing in them. Changes to the inputs or methodologies used may result in transfers between levels. A reconciliation of Level 3 securities, if any, will be disclosed following the fair value hierarchy table. For more information about the Portfolio’s policy regarding the valuation of investments, please refer to the Notes to Schedule of Investments.

The following table summarizes the fair value hierarchy of the Portfolio’s investments as of September 30, 2023:

Description	Level 1		Level 2			Level 3		Total
Common Stocks
Austria	$	—	$	7,575,142		$	—	$	7,575,142
Brazil		48,782,729		—			—		48,782,729
Chile		4,700,683		—			—		4,700,683
China		—		206,854,465			—		206,854,465
France		—		16,779,034			—		16,779,034
Hong Kong		—		25,166,479			—		25,166,479
India		—		136,933,601			—		136,933,601
Indonesia		—		33,488,540			—		33,488,540
Kazakhstan		13,304,482		—			—		13,304,482
Mexico		54,414,197		—			—		54,414,197
Netherlands		—		15,851,768			—		15,851,768
Peru		4,353,795		—			—		4,353,795
Russia		—		—			0		0
Saudi Arabia		—		18,151,274			—		18,151,274
South Africa		—		15,534,178			—		15,534,178
South Korea		—		27,528,196			—		27,528,196
Taiwan		—		113,082,146			—		113,082,146
United Arab Emirates		—		9,493,287			—		9,493,287
United States		8,373,210		—			—		8,373,210
Total Common Stocks		133,929,096		626,438,110			0		760,367,206
Preferred Stocks
Brazil		11,535,421		—			—		11,535,421
South Korea		—		51,621,197			—		51,621,197
Total Preferred Stocks		11,535,421		51,621,197			—		63,156,618
Total Short-Term Investment*		—		7,378,830			—		7,378,830
Securities Lending Reinvestments
Repurchase Agreements		—		2,235,670			—		2,235,670
Mutual Funds		300,000		—			—		300,000
Total Securities Lending Reinvestments		300,000		2,235,670			—		2,535,670
Total Investments	$	145,764,517	$	687,673,807		$	0	$	833,438,324
Collateral for Securities Loaned (Liability)	$	—	$	(2,535,670	)	$	—	$	(2,535,670	)

* See Schedule of Investments for additional detailed categorizations.

Level 3 investments at the beginning and/or end of the period in relation to net assets were not significant and accordingly, a reconciliation of Level 3 assets for the period ended September 30, 2023 is not presented.

BHFTI-100

Brighthouse Funds Trust I

Brighthouse/Artisan International Portfolio

Schedule of Investments as of September 30, 2023 (Unaudited)

Common Stocks — 90.5% of Net Assets

Security Description	Shares		Value
Belgium — 1.8%
UCB SA		192,677	$	15,766,279
Canada — 5.7%
Canadian National Railway Co. (a)		169,400		18,344,963
Canadian Pacific Kansas City Ltd. (a)		365,300		27,153,093
Kinaxis, Inc. (b)		27,600		3,112,658
				48,610,714
Denmark — 8.2%
Ascendis Pharma AS (ADR) (b)		111,715		10,460,993
Carlsberg AS—Class B		53,490		6,740,333
Danske Bank AS		458,982		10,690,990
Novo Nordisk AS		358,460		32,607,614
Novo Nordisk AS (ADR)		109,170		9,927,920
				70,427,850
France — 12.2%
Air Liquide SA		242,532		40,870,766
Airbus SE		98,555		13,184,927
AXA SA		172,057		5,096,385
BNP Paribas SA		404,462		25,749,241
Pernod Ricard SA		27,600		4,594,320
Safran SA		59,533		9,308,223
Schneider Electric SE		32,849		5,415,577
				104,219,439
Germany — 10.1%
Allianz SE		104,658		24,956,900
Deutsche Boerse AG		145,090		25,078,123
Deutsche Telekom AG		1,545,922		32,463,491
RWE AG		115,908		4,307,339
				86,805,853
Hong Kong — 0.4%
AIA Group Ltd.		443,600		3,588,310
Ireland — 0.4%
CRH PLC		55,570		3,064,972
Japan — 3.1%
Daiichi Sankyo Co. Ltd.		689,900		18,934,874
Nippon Sanso Holdings Corp.		305,133		7,231,833
				26,166,707
Netherlands — 4.2%
Argenx SE (b)		1,601		778,344
Argenx SE (ADR) (b)		28,744		14,131,413
Ferrovial SE		342,112		10,431,404
Heineken NV		124,662		10,966,212
				36,307,373
Russia — 0.0%
MMC Norilsk Nickel PJSC (ADR) (b) (c) (d)		680,186		0
Sberbank of Russia PJSC † (b) (c) (d)		5,306,492		0
				0
Security Description	Shares/ Principal Amount*		Value
Singapore — 2.3%
DBS Group Holdings Ltd.		415,129		10,193,282
United Overseas Bank Ltd.		467,442		9,730,851
				19,924,133
Switzerland — 16.4%
Alcon, Inc.		217,164		16,781,255
Cie Financiere Richemont SA—Class A		219,806		26,781,700
Lonza Group AG		5,393		2,495,055
Medacta Group SA		67,748		8,560,120
Nestle SA		303,013		34,216,649
UBS Group AG		2,086,290		51,568,414
				140,403,193
United Kingdom — 10.3%
AstraZeneca PLC		84,035		11,309,161
AstraZeneca PLC (ADR)		178,604		12,095,063
BAE Systems PLC		1,069,731		12,985,318
Diageo PLC		183,532		6,768,445
Experian PLC		109,014		3,561,395
Reckitt Benckiser Group PLC		206,081		14,563,825
RELX PLC		462,034		15,581,917
Unilever PLC		221,471		10,929,182
				87,794,306
United States — 15.4%
Amazon.com, Inc. (b)		301,912		38,379,053
Aon PLC—Class A		88,352		28,645,485
CRH PLC		7,639		418,083
Linde PLC		116,591		43,412,659
Schlumberger NV		368,470		21,481,801
				132,337,081
Total Common Stocks (Cost $751,465,505)				775,416,210
Equity Linked Security — 2.7%
United Kingdom — 2.7%
Ryanair Holdings PLC (HSBC Bank PLC) Expires 10/31/23 (b)(e) (Cost $16,101,114)		1,394,045		23,456,389
Short-Term Investment — 6.5%
Repurchase Agreement — 6.5%
Fixed Income Clearing Corp. Repurchase Agreement dated 09/29/23 at 2.500%, due on 10/02/23 with a maturity value of $55,551,993; collateralized by U.S. Treasury Notes with rates ranging from 0.750%—3.625%, maturity dates ranging from 04/30/26—05/15/26, and an aggregate market value of $56,651,279.		55,540,422		55,540,422

BHFTI-101

Brighthouse Funds Trust I

Brighthouse/Artisan International Portfolio

Schedule of Investments as of September 30, 2023 (Unaudited)

Short-Term Investment—(Continued)

Security Description	Value
Total Short-Term Investments (Cost $55,540,422)	$	55,540,422
Total Investments— 99.7% (Cost $823,107,041)		854,413,021
Other assets and liabilities (net) — 0.3%		2,898,846
Net Assets — 100.0%		857,311,867

*	Principal amount stated in U.S. dollars unless otherwise noted.
†	Restricted securities are not registered under the Securities Act of 1933 and are subject to legal restrictions on resale. These securities generally may be resold in transactions exempt from registration or to the public if the securities are subsequently registered. Disposal of these securities may involve time-consuming negotiations and prompt sale at an acceptable price may be difficult. As of September 30, 2023, 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)	All or a portion of the security was held on loan. As of September 30, 2023, the market value of securities loaned was $5,312,085 and the collateral received consisted of non-cash collateral with a value of $6,039,836. The non-cash collateral received consists of U.S. government securities that are held in safe-keeping by the lending agent, or a third-party custodian, and cannot be sold or repledged by the Portfolio.
(b)	Non-income producing security.
(c)	Security was valued in good faith under procedures subject to oversight by the Board of Trustees. As of September 30, 2023, 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)	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.

Restricted Securities	Acquisition Date		Shares		Cost		Value
Sberbank of Russia PJSC		09/16/21-02/11/22		5,306,492	$	22,350,736	$	0

Ten Largest Industries as of September 30, 2023 (Unaudited)	% of Net Assets
Pharmaceuticals		11.7
Chemicals		10.7
Banks		9.3
Capital Markets		8.9
Insurance		7.3
Ground Transportation		5.3
Broadline Retail		4.5
Aerospace & Defense		4.1
Food Products		4.0
Diversified Telecommunication Services		3.8

Glossary of Abbreviations

Other Abbreviations

(ADR)— American Depositary Receipt

BHFTI-102

Brighthouse Funds Trust I

Brighthouse/Artisan International Portfolio

Schedule of Investments as of September 30, 2023 (Unaudited)

Fair Value Hierarchy

Accounting principles generally accepted in the United States of America (“GAAP”) define fair market value as the price that the Portfolio would receive to sell an asset or pay to transfer a liability in an orderly transaction between market participants at the measurement date. It establishes a fair value hierarchy that prioritizes inputs to valuation methods and requires disclosure of the fair value hierarchy, separately for each major category of assets and liabilities, that segregates fair value measurements into three levels. Levels 1, 2 and 3 of the fair value hierarchy are defined as follows:

Level 1 - unadjusted quoted prices in active markets for identical investments

Level 2 - other significant observable inputs (including, but not limited to, quoted prices for similar assets or liabilities in markets that are either active or inactive; inputs other than quoted prices that are observable such as interest rates, yield curves, volatilities, prepayment speeds, loss severities, credit risks, default rates, or other market corroborated inputs)

Level 3 - significant unobservable inputs based on the best information available in the circumstances, to the extent observable inputs are unavailable (including the Portfolio’s own assumptions used in determining the fair value of investments and derivative financial instruments)

The inputs or methodologies used for valuing investments are not necessarily an indication of the risk associated with investing in them. Changes to the inputs or methodologies used may result in transfers between levels. A reconciliation of Level 3 securities, if any, will be disclosed following the fair value hierarchy table. For more information about the Portfolio’s policy regarding the valuation of investments, please refer to the Notes to Schedule of Investments.

The following table summarizes the fair value hierarchy of the Portfolio’s investments as of September 30, 2023:

Description	Level 1		Level 2		Level 3		Total
Common Stocks
Belgium	$	—	$	15,766,279	$	—	$	15,766,279
Canada		48,610,714		—		—		48,610,714
Denmark		20,388,913		50,038,937		—		70,427,850
France		—		104,219,439		—		104,219,439
Germany		—		86,805,853		—		86,805,853
Hong Kong		—		3,588,310		—		3,588,310
Ireland		—		3,064,972		—		3,064,972
Japan		—		26,166,707		—		26,166,707
Netherlands		14,131,413		22,175,960		—		36,307,373
Russia		—		—		0		0
Singapore		—		19,924,133		—		19,924,133
Switzerland		—		140,403,193		—		140,403,193
United Kingdom		12,095,063		75,699,243		—		87,794,306
United States		132,337,081		—		—		132,337,081
Total Common Stocks		227,563,184		547,853,026		0		775,416,210
Total Equity Linked Security*		—		23,456,389		—		23,456,389
Total Short-Term Investment*		—		55,540,422		—		55,540,422
Total Investments	$	227,563,184	$	626,849,837	$	0	$	854,413,021

* See Schedule of Investments for additional detailed categorizations.

Level 3 investments at the beginning and/or end of the period in relation to net assets were not significant and accordingly, a reconciliation of Level 3 assets for the period ended September 30, 2023 is not presented.

BHFTI-103

Brighthouse Funds Trust I

Brighthouse/Eaton Vance Floating Rate Portfolio

Schedule of Investments as of September 30, 2023 (Unaudited)

Floating Rate Loans (a)—94.4% of Net Assets

Security Description	Principal Amount*		Value
Aerospace/Defense—2.1%
Barnes Group, Inc. Term Loan B, 8.416%, 3M TSFR + 3.000%, 09/03/30		525,000	$	526,406
Dynasty Acquisition Co., Inc.
2023 Term Loan B1, 9.316%, 1M TSFR + 4.000%, 08/24/28		2,367,796		2,366,920
2023 Term Loan B2, 9.316%, 1M TSFR + 4.000%, 08/24/28		1,014,770		1,014,394
TransDigm, Inc.
2022 Term Loan H, 8.640%, 3M TSFR + 3.250%, 02/22/27		1,613,358		1,617,009
Term Loan I, 8.640%, 3M TSFR + 3.250%, 08/24/28		4,077,784		4,083,273
WP CPP Holdings LLC Term Loan, 9.270%, 3M SOFR + 3.750%, 04/30/25		2,552,790		2,410,107
				12,018,109
Agriculture—0.1%
Alltech, Inc. Term Loan B, 9.318%, 1M TSFR + 4.000%, 10/13/28		515,813		501,628
Airlines—0.3%
American Airlines, Inc. Term Loan, 10.338%, 3M TSFR + 4.750%, 04/20/28		950,000		980,222
Mileage Plus Holdings LLC Term Loan B, 10.798%, 3M TSFR + 5.250%, 06/21/27		543,750		565,908
				1,546,130
Apparel—0.3%
Hanesbrands, Inc. Term Loan B, 9.066%, 1M TSFR + 3.750%, 03/08/30		1,492,500		1,466,381
Auto Parts & Equipment—1.4%
Adient U.S. LLC Term Loan B, 8.568%, 1M TSFR + 3.250%, 04/10/28		571,500		572,368
Autokiniton U.S. Holdings, Inc. Term Loan B, 9.818%, 1M TSFR + 4.500%, 04/06/28		2,206,818		2,165,440
Clarios Global LP
Incremental Term Loan, 9.066%, 1M TSFR + 3.750%, 05/06/30		2,325,000		2,325,291
DexKo Global, Inc.
2021 USD Term Loan B, 9.402%, 3M TSFR + 3.750%, 10/04/28		886,500		866,415
Garrett LX I Sarl Term Loan B, 10.131%, 3M TSFR + 4.500%, 04/30/28		732,143		733,973
USD Term Loan B, 8.881%, 3M TSFR + 3.250%, 04/30/28		661,501		659,847
RealTruck Group, Inc.
2023 Incremental Term Loan, 01/31/28		700,000		686,000
				8,009,334
Banks—0.3%
Walker & Dunlop, Inc.
2022 Incremental Term Loan B, 8.416%, 1M TSFR + 3.000%, 12/16/28		771,125		774,017
Term Loan, 7.666%, 1M TSFR + 2.250%, 12/16/28		1,179,000		1,178,263
				1,952,280
Beverages—0.6%
Arterra Wines Canada, Inc. Term Loan, 9.152%, 3M TSFR + 3.500%, 11/24/27		899,563		867,114
City Brewing Co. LLC
Closing Date Term Loan, 9.070%, 3M TSFR + 3.500%, 04/05/28		660,884		438,827
Triton Water Holdings, Inc. Term Loan, 8.650%, 3M TSFR + 3.250%, 03/31/28		2,067,944		2,026,770
				3,332,711
Building Materials—2.7%
ACProducts, Inc. Term Loan B, 9.902%, 3M TSFR + 4.250%, 05/17/28		2,812,762		2,333,186
Chamberlain Group, Inc. Term Loan B, 8.568%, 1M TSFR + 3.250%, 11/03/28		1,694,813		1,672,744
Cornerstone Building Brands, Inc. Term Loan B, 8.682%, 1M TSFR + 3.250%, 04/12/28		780,000		761,232
CPG International, Inc. Term Loan B, 7.816%, 1M TSFR + 2.500%, 04/28/29		965,250		965,250
Emrld Borrower LP Term Loan B, 8.316%, 3M TSFR + 3.000%, 05/31/30		1,125,000		1,124,825
Icebox Holdco III, Inc.
1st Lien Term Loan, 9.150%, 3M TSFR + 3.750%, 12/22/28		909,607		906,385
Janus International Group LLC
2023 Term Loan B, 8.677%, 1M TSFR + 3.250%, 07/25/30		250,000		249,531
MI Windows & Doors LLC Term Loan, 8.818%, 1M TSFR + 3.500%, 12/18/27		258,054		258,699
Oscar Acquisition Co. LLC Term Loan B, 9.990%, 3M TSFR + 4.500%, 04/29/29		940,500		931,330
Quikrete Holdings, Inc.
1st Lien Term Loan, 8.056%, 1M TSFR + 2.625%, 02/01/27		4,149,379		4,148,603
2023 Term Loan B, 8.181%, 1M TSFR + 2.750%, 03/19/29		2,265,500		2,267,861
				15,619,646
Chemicals—5.0%
Aruba Investments, Inc.
USD Term Loan, 9.416%, 1M TSFR + 4.000%, 11/24/27		658,193		647,497
Axalta Coating Systems U.S. Holdings, Inc.
2023 USD Term Loan B4, 7.900%, 3M TSFR + 2.500%, 12/20/29		1,426,300		1,430,659
CPC Acquisition Corp. Term Loan, 9.150%, 3M TSFR + 3.750%, 12/29/27		608,550		505,097
INEOS Enterprises Holdings U.S. Finco LLC
2023 USD 1st Lien Term Loan B, 9.273%, 3M TSFR + 3.750%, 06/23/30		500,000		498,125
INEOS Quattro Holdings U.K. Ltd.
2023 USD Term Loan, 9.166%, 1M TSFR + 3.750%, 03/14/30		448,875		448,314
INEOS Styrolution U.S. Holding LLC
2021 USD Term Loan B, 8.181%, 1M TSFR + 2.750%, 01/29/26		2,248,250		2,244,034
INEOS U.S. Finance LLC
2022 USD Term Loan B, 9.068%, 1M TSFR + 3.750%, 11/08/27		2,961,680		2,954,275
USD Term Loan B, 7.818%, 1M TSFR + 2.500%, 11/08/28		664,875		660,067
USD Term Loan B, 8.818%, 1M TSFR + 3.500%, 02/18/30		1,321,688		1,315,079

BHFTI-104

Brighthouse Funds Trust I

Brighthouse/Eaton Vance Floating Rate Portfolio

Schedule of Investments as of September 30, 2023 (Unaudited)

Floating Rate Loans (a)—(Continued)

Security Description	Principal Amount*		Value
Chemicals—(Continued)
Kraton Corp.
USD Term Loan, 8.921%, 3M TSFR + 3.250%, 03/15/29		492,500	$	486,497
Lonza Group AG
USD Term Loan B, 9.325%, 3M TSFR + 3.925%, 07/03/28		1,786,914		1,590,353
Messer Industries GmbH
USD Term Loan, 8.152%, 3M TSFR + 2.500%, 03/02/26		1,372,077		1,372,898
Momentive Performance Materials, Inc. Term Loan, 9.816%, 1M TSFR + 4.500%, 03/29/28		3,261,617		3,182,794
Olympus Water U.S. Holding Corp.
Incremental Term Loan, 9.990%, 3M TSFR + 4.500%, 11/09/28		394,000		392,954
USD Term Loan B, 9.402%, 3M TSFR + 3.750%, 11/09/28		2,481,061		2,453,471
PMHC II, Inc. Term Loan B, 9.699%, 3M TSFR + 4.250%, 04/23/29		1,736,842		1,648,070
PQ Corp. Term Loan B, 7.969%, 3M TSFR + 2.500%, 06/09/28		2,258,025		2,253,439
Starfruit Finco BV
2018 USD Term Loan B, 8.427%, 1M TSFR + 3.000%, 10/01/25		771,867		773,315
2023 Term Loan, 9.347%, 3M TSFR + 4.000%, 04/03/28		673,313		666,159
Tronox Finance LLC
2023 Incremental Term Loan B, 8.832%, 3M TSFR + 3.500%, 08/16/28		500,000		496,094
Incremental Term Loan, 8.550%, 3M TSFR + 3.250%, 04/04/29		270,875		267,941
Term Loan B, 7.931%, 1M TSFR + 2.500%, 03/10/28		1,353,000		1,331,578
W.R. Grace & Co.-Conn. Term Loan B, 9.402%, 3M TSFR + 3.750%, 09/22/28		1,228,125		1,224,441
				28,843,151
Coal—0.1%
Oxbow Carbon LLC Term Loan B, 9.416%, 3M TSFR + 4.000%, 05/10/30		573,563		573,204
				573,204
Commercial Services—10.2%
AEA International Holdings Sarl Term Loan B, 9.402%, 3M TSFR + 3.750%, 09/07/28		3,094,875		3,089,072
Albion Financing 3 Sarl
USD Add on Term Loan B, 10.883%, 3M TSFR + 5.500%, 08/17/26		298,500		299,246
USD Term Loan, 10.857%, 3M TSFR + 5.250%, 08/17/26		2,186,063		2,192,439
AlixPartners LLP
USD Term Loan B, 8.068%, 1M TSFR + 2.750%, 02/04/28		573,529		573,808
Allied Universal Holdco LLC
USD Incremental Term Loan B, 9.166%, 1M TSFR + 3.750%, 05/12/28		2,782,281		2,693,279
American Residential Services LLC Term Loan B, 8.900%, 3M TSFR + 3.500%, 10/15/27		534,875		534,206
APFS Staffing Holdings, Inc. Term Loan, 9.316%, 1M TSFR + 4.000%, 12/29/28		295,500		292,037
APi Group DE, Inc.
Incremental Term Loan B, 8.181%, 1M TSFR + 2.750%, 01/03/29		805,887		808,204
Commercial Services—(Continued)
ASGN, Inc.
2023 Term Loan B, 7.650%, 3M TSFR + 2.250%, 08/30/30		375,000		376,563
Belron Finance U.S. LLC Term Loan, 8.160%, 3M TSFR + 2.750%, 04/18/29		872,813		874,722
USD Term Loan B, 8.057%, 3M TSFR + 2.425%, 04/13/28		853,125		852,725
CCRR Parent, Inc. Term Loan B, 9.181%, 1M TSFR + 3.750%, 03/06/28		1,507,147		1,441,209
CHG Healthcare Services, Inc.
2023 Incremental Term Loan, 09/29/28		400,000		400,417
Term Loan, 8.568%, 1M TSFR + 3.250%, 09/29/28		1,176,000		1,172,325
CoreLogic, Inc. Term Loan, 8.818%, 1M TSFR + 3.500%, 06/02/28		2,378,931		2,203,979
Corp. Service Co. Term Loan B, 8.568%, 1M TSFR + 3.250%, 11/02/29		357,188		357,589
EAB Global, Inc. Term Loan, 8.872%, 3M LIBOR + 3.500%, 08/16/28		2,245,112		2,233,186
Electro Rent Corp.
2022 Term Loan, 11.002%, 3M TSFR + 5.500%, 11/01/24		1,864,871		1,804,263
Employbridge Holding Co.
2021 Term Loan B, 10.259%, 3M TSFR + 4.750%, 07/19/28		1,592,500		1,440,964
Ensemble RCM LLC Term Loan, 9.219%, 3M TSFR + 3.750%, 08/03/26		2,579,234		2,585,414
Foundational Education Group, Inc.
1st Lien Term Loan, 9.881%, 3M TSFR + 4.250%, 08/31/28		589,500		560,025
Garda World Security Corp. Term Loan B, 9.746%, 3M TSFR + 4.250%, 10/30/26		1,803,894		1,806,826
Term Loan B, 9.746%, 3M TSFR + 4.250%, 02/01/29		497,487		497,976
GTCR W Merger Sub LLC
USD Term Loan B, 09/20/30		3,000,000		3,001,176
Hertz Corp. Term Loan B, 8.568%, 1M TSFR + 3.250%, 06/30/28		1,898,667		1,899,984
Term Loan C, 8.568%, 1M TSFR + 3.250%, 06/30/28		366,062		366,316
KUEHG Corp. Term Loan, 10.390%, 3M TSFR + 5.000%, 06/12/30		1,375,000		1,379,125
Monitronics International, Inc.
2023 Exit Term Loan, 13.078%, 3M TSFR + 7.500%, 06/30/28		929,872		940,379
NAB Holdings LLC Term Loan, 8.540%, 3M TSFR + 3.000%, 11/23/28		3,480,169		3,474,576
Neptune Bidco U.S., Inc.
USD Term Loan B, 10.399%, 3M TSFR + 5.000%, 04/11/29		1,895,250		1,710,124
PECF USS Intermediate Holding III Corp. Term Loan B, 9.568%, 3M TSFR + 4.250%, 12/15/28		687,750		554,104
Prime Security Services Borrower LLC Term Loan, 8.192%, 1M TSFR + 2.750%, 09/23/26		1,752,259		1,752,060
SCUR-Alpha 1503 GmbH
USD Term Loan B1, 10.869%, 3M TSFR + 5.500%, 03/29/30		522,378		484,506
Sotheby’s Term Loan B, 10.070%, 3M TSFR + 4.500%, 01/15/27		770,819		753,154
Spin Holdco, Inc. Term Loan, 9.664%, 3M TSFR + 4.000%, 03/04/28		3,948,750		3,426,157
Spring Education Group, Inc. Term Loan, 09/28/30		350,000		345,625
TMF Sapphire Bidco BV
2023 USD Term Loan B, 10.370%, 1M TSFR + 5.000%, 05/03/28		400,000		401,500

BHFTI-105

Brighthouse Funds Trust I

Brighthouse/Eaton Vance Floating Rate Portfolio

Schedule of Investments as of September 30, 2023 (Unaudited)

Floating Rate Loans (a)—(Continued)

Security Description	Principal Amount*		Value
Commercial Services—(Continued)
Trans Union LLC Term Loan B5, 7.166%, 1M TSFR + 1.750%, 11/16/26		1,970,779	$	1,970,881
Term Loan B6, 7.681%, 1M TSFR + 2.250%, 12/01/28		2,529,197		2,532,116
TruGreen Ltd. Partnership Term Loan, 9.416%, 1M TSFR + 4.000%, 11/02/27		534,875		510,471
TTF Holdings LLC Term Loan, 9.431%, 1M TSFR + 4.000%, 03/31/28		539,106		540,005
Vaco Holdings LLC Term Loan, 10.393%, 3M TSFR + 5.000%, 01/21/29		743,608		717,272
Verscend Holding Corp. Term Loan B, 9.431%, 1M TSFR + 4.000%, 08/27/25		2,017,747		2,021,058
Wex, Inc. Term Loan, 7.681%, 1M TSFR + 2.250%, 03/31/28		438,750		439,744
				58,310,807
Computers—2.9%
Imprivata, Inc.
Incremental Term Loan, 9.550%, 1M TSFR + 4.250%, 12/01/27		246,875		247,801
Term Loan, 9.181%, 1M TSFR + 3.750%, 12/01/27		1,048,125		1,049,435
Magenta Buyer LLC
USD 1st Lien Term Loan, 10.631%, 3M SOFR + 5.000%, 07/27/28		1,728,617		1,297,697
USD 2nd Lien Term Loan, 13.881%, 3M SOFR + 8.250%, 07/27/29		1,075,000		499,875
McAfee LLC
USD Term Loan B, 9.180%, 1M TSFR + 3.750%, 03/01/29		2,514,394		2,462,535
NCR Atleos LLC Term Loan B, 03/27/29		1,325,000		1,277,797
NCR Corp. Term Loan, 7.931%, 1M TSFR + 2.500%, 08/28/26		1,361,673		1,362,694
Redstone Holdco 2 LP Term Loan, 10.184%, 1M TSFR + 4.750%, 04/27/28		1,467,677		1,262,203
SITEL Worldwide Corp.
USD Term Loan, 9.181%, 1M TSFR + 3.750%, 08/28/28		1,984,500		1,934,060
Tempo Acquisition LLC
2023 Term Loan B, 8.480%, 1M TSFR + 3.000%, 08/31/28		1,525,052		1,526,482
Verifone Systems, Inc.
1st Lien Term Loan, 9.653%, 3M TSFR + 4.000%, 08/20/25		2,719,880		2,536,853
Vision Solutions, Inc.
Incremental Term Loan, 9.863%, 3M TSFR + 4.000%, 04/24/28		1,348,667		1,312,421
				16,769,853
Cosmetics/Personal Care—0.8%
Conair Holdings LLC Term Loan B, 9.402%, 3M TSFR + 3.750%, 05/17/28		1,568,000		1,503,320
Journey Personal Care Corp. Term Loan B, 9.981%, 6M LIBOR + 4.250%, 03/01/28		1,545,749		1,459,767
Sunshine Luxembourg VII Sarl Term Loan B3, 9.240%, 3M TSFR + 3.750%, 10/01/26		1,901,250		1,900,986
				4,864,073
Distribution/Wholesale—0.7%
Core & Main LP Term Loan B, 7.691%, 3M TSFR + 2.500%, 07/27/28		1,421,000		1,422,954
Gloves Buyer, Inc. Term Loan, 9.431%, 1M TSFR + 4.000%, 12/29/27		1,654,087		1,608,600
Windsor Holdings III LLC
USD Term Loan B, 9.830%, 1M TSFR + 4.500%, 08/01/30		1,075,000		1,071,417
				4,102,971
Diversified Financial Services—4.9%
Advisor Group, Inc.
2023 Term Loan B, 9.900%, 3M TSFR + 4.500%, 08/17/28		1,448,709		1,451,124
Aretec Group, Inc.
2023 Incremental Term Loan, 9.818%, 1M TSFR + 4.500%, 08/09/30		798,000		793,810
Term Loan, 9.568%, 1M TSFR + 4.250%, 10/01/25		3,560,387		3,564,282
Astra Acquisition Corp.
1st Lien Term Loan, 10.902%, 3M TSFR + 5.250%, 10/25/28		1,187,371		895,723
Avolon TLB Borrower 1 (U.S.) LLC Term Loan B5, 7.675%, 1M TSFR + 2.250%, 12/01/27		1,653,250		1,655,110
Citadel Securities LP
2023 Term Loan B, 7.817%, 3M TSFR + 2.500%, 07/29/30		748,125		747,541
Deerfield Dakota Holding LLC
USD Term Loan B, 9.140%, 3M TSFR + 3.750%, 04/09/27		1,838,250		1,799,954
Ditech Holding Corp. Term Loan, 06/30/24 (b) (c)		1,717,471		188,922
Edelman Financial Center LLC Term Loan B, 8.818%, 1M TSFR + 3.500%, 04/07/28		1,710,625		1,695,977
Fiserv Investment Solutions, Inc. Term Loan B, 9.383%, 3M TSFR + 4.000%, 02/18/27		483,750		456,337
Focus Financial Partners LLC
2022 Term Loan B5, 8.566%, 1M TSFR + 3.250%, 06/30/28		346,500		346,476
2023 Term Loan B6, 06/30/28 (d)		650,000		650,406
Term Loan B4, 7.816%, 1M TSFR + 2.500%, 06/30/28		1,002,408		1,000,797
Franklin Square Holdings LP Term Loan B, 7.666%, 1M TSFR + 2.250%, 08/01/25		474,997		476,185
Guggenheim Partners LLC
2022 Term Loan B, 8.650%, 3M TSFR + 3.250%, 12/12/29		4,478,877		4,491,006
HighTower Holdings LLC Term Loan B, 9.612%, 3M TSFR + 4.000%, 04/21/28		2,481,013		2,474,810
Hudson River Trading LLC Term Loan, 8.631%, 3M TSFR + 3.000%, 03/20/28		2,293,645		2,283,133
LHS Borrower LLC
2022 Term Loan B, 10.060%, 1M TSFR + 4.750%, 02/16/29		634,438		581,303
NFP Corp. Term Loan, 8.681%, 1M TSFR + 3.250%, 02/16/27		1,096,059		1,084,300
Victory Capital Holdings, Inc.
Incremental Term Loan B, 7.619%, 3M TSFR + 2.250%, 12/29/28		482,673		482,472
Term Loan B, 7.619%, 3M TSFR + 2.250%, 07/01/26		768,058		768,538
				27,888,206
Electric—0.2%
Calpine Corp. Term Loan B5, 7.931%, 1M TSFR + 2.500%, 12/16/27		1,419,176		1,419,927

BHFTI-106

Brighthouse Funds Trust I

Brighthouse/Eaton Vance Floating Rate Portfolio

Schedule of Investments as of September 30, 2023 (Unaudited)

Floating Rate Loans (a)—(Continued)

Security Description	Principal Amount*		Value
Electrical Components & Equipment—0.3%
Creation Technologies, Inc. Term Loan, 11.012%, 3M TSFR + 5.500%, 10/05/28		1,086,250	$	1,031,937
Energizer Holdings, Inc. Term Loan, 7.688%, 1M TSFR + 2.250%, 12/22/27		813,104		812,765
				1,844,702
Electronics—0.7%
II-VI, Inc. Term Loan B, 8.181%, 1M TSFR + 2.750%, 07/02/29		1,028,421		1,029,064
Mirion Technologies, Inc. Term Loan, 8.402%, 3M TSFR + 2.750%, 10/20/28		648,596		649,001
Roper Industrial Products Investment Co. LLC
USD Term Loan, 9.890%, 3M TSFR + 4.500%, 11/22/29		1,619,369		1,624,719
TTM Technologies, Inc. Term Loan B, 8.080%, 1M TSFR + 2.750%, 05/30/30		525,000		526,312
				3,829,096
Engineering & Construction—0.7%
Aegion Corp. Term Loan, 10.181%, 1M TSFR + 4.750%, 05/17/28		465,638		464,182
Brown Group Holding LLC
Incremental Term Loan B2, 9.066%, 3M TSFR + 3.750%, 07/02/29		247,500		247,616
Term Loan B, 8.068%, 1M TSFR + 2.750%, 06/07/28		1,319,047		1,309,862
Centuri Group, Inc. Term Loan B, 7.931%, 1M TSFR + 2.500%, 3M TSFR + 1500%, 08/27/28		805,517		803,720
KKR Apple Bidco LLC Term Loan, 8.181%, 1M TSFR + 2.750%, 09/22/28		171,938		171,042
Rockwood Service Corp. Term Loan, 9.431%, 1M TSFR + 4.000%, 01/23/27		920,900		925,274
				3,921,696
Entertainment—2.5%
Bally’s Corp. Term Loan B, 9.099%, 3M TSFR + 3.250%, 10/02/28		1,252,688		1,230,465
Crown Finance U.S., Inc.
2023 Exit Term Loan, 14.381%, 3M TSFR + 8.500%, 07/31/28		312,463		320,119
Great Canadian Gaming Corp. Term Loan, 9.658%, 3M TSFR + 4.000%, 11/01/26		567,813		568,948
Ontario Gaming GTA LP Term Loan B, 9.640%, 3M TSFR + 4.250%, 08/01/30		750,000		751,465
Scientific Games Holdings LP
USD Term Loan B, 04/04/29 (d)		2,489,943		2,478,704
Scientific Games International, Inc.
USD Term Loan, 8.434%, 1M TSFR + 3.000%, 04/14/29		1,989,924		1,991,168
SeaWorld Parks & Entertainment, Inc. Term Loan B, 8.431%, 1M TSFR + 3.000%, 08/25/28		980,000		979,183
Stars Group Holdings BV
2022 USD Term Loan B, 8.902%, 3M TSFR + 3.250%, 07/22/28		1,485,000		1,487,507
USD Incremental Term Loan, 7.902%, 3M TSFR + 2.250%, 07/21/26		2,376,500		2,378,149
Entertainment—(Continued)
UFC Holdings LLC Term Loan B, 8.369%, 3M TSFR + 2.750%, 04/29/26		2,017,528		2,017,906
				14,203,614
Environmental Control—2.0%
Covanta Holding Corp. Term Loan B, 7.816%, 1M TSFR + 2.500%, 11/30/28		1,823,805		1,816,510
Term Loan B, 8.334%, 1M TSFR + 3.000%, 11/30/28		488,372		488,677
Term Loan C, 7.816%, 1M TSFR + 2.500%, 11/30/28		138,695		138,140
Term Loan C, 8.334%, 1M TSFR + 3.000%, 11/30/28		36,628		36,651
EnergySolutions, LLC
2023 Term Loan B, 9.324%, 3M TSFR + 4.000%, 10/23/30		932,932		928,268
GFL Environmental, Inc.
2023 First Lien Term Loan, 7.902%, 1M TSFR + 2.500%, 05/31/27		1,751,230		1,752,324
Madison IAQ LLC Term Loan, 8.689%, 1M TSFR + 3.250%, 06/21/28		2,987,746		2,940,689
Northstar Group Services, Inc. Term Loan, 10.945%, 1M TSFR + 5.500%, 11/12/26		984,336		985,566
Term Loan B, 10.931%, 1M TSFR + 5.500%, 11/12/26		1,526,557		1,530,373
Robertshaw U.S. Holding Corp.
First Out New Money Term Loan, 8.490%, 3M TSFR + 3.000%, 02/28/27 (e)		247,047		249,517
Second Out Term Loan, 12.490%, 3M TSFR + 7.000%, 02/28/27		1,043,346		912,928
				11,779,643
Food—1.2%
Cardenas Markets, Inc. Term Loan, 08/01/29 (d)		422,864		423,085
Del Monte Foods, Inc. Term Loan, 9.668%, 1M TSFR + 4.250%, 05/16/29		1,891,956		1,842,883
Froneri International Ltd.
USD Term Loan, 7.666%, 1M TSFR + 2.250%, 01/29/27		1,814,063		1,804,270
Nomad Foods U.S. LLC Term Loan B4, 8.469%, 6M TSFR + 3.000%, 03/22/24		1,296,551		1,299,388
Sovos Brands Intermediate, Inc. Term Loan, 9.131%, 3M TSFR + 3.500%, 06/08/28		538,828		539,669
U.S. Foods, Inc. Term Loan B, 7.431%, 1M TSFR + 2.000%, 09/13/26		1,101,333		1,102,907
				7,012,202
Food Service—0.3%
Aramark Services, Inc.
2023 Term Loan B6, 7.931%, 1M TSFR + 2.500%, 06/22/30		536,304		536,081
Term Loan B4, 7.181%, 1M TSFR + 1.750%, 01/15/27		932,500		932,354
				1,468,435
Forest Products & Paper—0.2%
Asplundh Tree Expert LLC Term Loan B, 7.166%, 1M TSFR + 1.750%, 09/07/27		1,067,000		1,067,166

BHFTI-107

Brighthouse Funds Trust I

Brighthouse/Eaton Vance Floating Rate Portfolio

Schedule of Investments as of September 30, 2023 (Unaudited)

Floating Rate Loans (a)—(Continued)

Security Description	Principal Amount*		Value
Hand/Machine Tools—0.4%
Alliance Laundry Systems LLC Term Loan B, 8.901%, 3M TSFR + 3.500%, 10/08/27		991,125	$	992,020
Apex Tool Group LLC Term Loan, 10.674%, 1M TSFR + 5.250%, 02/08/29		1,654,686		1,518,174
				2,510,194
Healthcare-Products—0.6%
Artivion, Inc. Term Loan B, 8.900%, 1M TSFR + 3.500%, 06/01/27		447,688		435,656
Avantor Funding, Inc. Term Loan B5, 7.666%, 1M TSFR + 2.250%, 11/08/27		693,059		693,886
Curia Global, Inc. Term Loan, 9.219%, 1M TSFR + 3.750%, 08/30/26		1,340,131		1,115,659
ICU Medical, Inc. Term Loan B, 8.040%, 3M TSFR + 2.500%, 01/08/29		640,250		641,317
Sotera Health Holdings LLC Term Loan, 8.181%, 1M TSFR + 2.750%, 12/11/26		575,000		573,832
				3,460,350
Healthcare-Services—3.2%
BW NHHC Holdco, Inc.
2018 1st Lien Term Loan, 13.390%, 3M TSFR + 8.000%, 01/15/26		894,709		764,976
Cambrex Corp. Term Loan, 8.916%, 1M TSFR + 3.500%, 12/04/26		264,937		264,192
Cano Health LLC Term Loan, 9.416%, 1M TSFR + 4.000%, 11/23/27		2,794,083		1,820,812
Catalent Pharma Solutions, Inc. Term Loan B3, 7.438%, 1M TSFR + 2.000%, 02/22/28		816,380		800,971
Electron BidCo, Inc. Term Loan, 8.431%, 1M TSFR + 3.000%, 11/01/28		861,875		859,644
Envision Healthcare Corp.
First Out Term Loan, 03/31/27		474,965		568,770
Second Out Term Loan, 03/31/27		3,352,518		779,460
ICON Luxembourg Sarl
LUX Term Loan, 7.902%, 3M TSFR + 2.250%, 07/03/28		203,291		203,460
Loire Finco Luxembourg Sarl Term Loan, 8.818%, 1M TSFR + 3.500%, 04/21/27		290,395		287,128
Midwest Physician Administrative Services LLC Term Loan, 8.902%, 3M SOFR + 3.250%, 03/12/28		463,125		435,999
National Mentor Holdings, Inc. Term Loan, 9.166%, 3M TSFR + 3.750%, 03/02/28		1,616,678		1,459,726
Term Loan C, 9.150%, 3M TSFR + 3.750%, 03/02/28		45,933		41,473
Pacific Dental Services LLC Term Loan, 8.818%, 1M TSFR + 3.500%, 05/05/28		713,188		712,742
Phoenix Guarantor, Inc.
Term Loan B, 8.681%, 1M TSFR + 3.250%, 03/05/26		1,580,184		1,572,566
Term Loan B3, 8.931%, 1M TSFR + 3.500%, 03/05/26		1,314,909		1,308,570
Radiology Partners, Inc.
1st Lien Term Loan B, 10.179%, 1M TSFR + 4.250%, 07/09/25		427,594		324,437
Radnet Management, Inc. Term Loan, 8.431%, 1M TSFR + 3.000%, 04/21/28		1,050,813		1,050,649
Select Medical Corp.
2023 Term Loan B1, 8.316%, 1M TSFR + 3.000%, 03/06/27		2,451,802		2,452,567
Healthcare-Services—(Continued)
Sound Inpatient Physicians
1st Lien Term Loan, 8.631%, 3M TSFR + 3.000%, 06/27/25		402,688		191,277
Star Parent, Inc.
2023 Term Loan B, 09/19/30		1,425,000		1,395,131
Surgery Center Holdings, Inc. Term Loan, 9.189%, 1M TSFR + 3.750%, 08/31/26		1,236,556		1,238,950
				18,533,500
Holding Companies-Diversified—0.3%
Belfor Holdings, Inc.
Incremental Term Loan, 9.550%, 1M TSFR + 4.250%, 04/06/26		174,118		174,553
Term Loan B, 9.318%, 1M TSFR + 4.000%, 04/06/26		1,507,871		1,510,698
				1,685,251
Home Furnishings—0.8%
AI Aqua Merger Sub, Inc.
1st Lien Term Loan B, 9.084%, 1M TSFR + 3.750%, 07/31/28		2,229,318		2,209,812
Mattress Firm, Inc. Term Loan B, 9.950%, 6M LIBOR + 4.250%, 09/25/28		2,243,095		2,230,758
				4,440,570
Household Products/Wares—0.4%
Kronos Acquisition Holdings, Inc.
1st Lien Term Loan, 11.567%, 3M TSFR + 6.000%, 12/22/26		442,125		442,678
Term Loan B, 9.402%, 3M TSFR + 3.750%, 12/22/26		2,140,130		2,131,531
				2,574,209
Housewares—0.4%
Libbey Glass, Inc.
2022 Term Loan, 11.924%, 1M TSFR + 3.750%, 11/22/27		546,787		522,181
Solis IV BV
USD Term Loan B1, 8.891%, 3M TSFR + 3.500%, 02/26/29		1,887,183		1,842,363
				2,364,544
Insurance—3.9%
Alliant Holdings Intermediate LLC Term Loan B5, 8.831%, 1M TSFR + 3.500%, 11/05/27		1,267,274		1,266,640
AmWINS Group, Inc.
Incremental Term Loan B, 8.196%, 1M TSFR + 2.750%, 02/19/28		719,563		720,333
Term Loan B, 7.570%, 1M TSFR + 2.250%, 02/19/28		3,841,426		3,821,021
AssuredPartners, Inc. Term Loan B, 8.818%, 1M TSFR + 3.500%, 02/12/27		1,557,778		1,556,255
Asurion LLC
2nd Lien Term Loan B3, 10.568%, 1M TSFR + 5.250%, 01/31/28		1,160,000		1,044,725
Term Loan B10, 9.318%, 1M TSFR + 4.000%, 08/19/28		1,002,748		973,919
Term Loan B8, 8.650%, 3M TSFR + 3.250%, 12/23/26		5,251,500		5,163,611
HUB International Ltd. Term Loan B, 9.584%, 3M TSFR + 4.250%, 06/20/30		3,051,249		3,064,260
Ryan Specialty Group LLC Term Loan, 8.416%, 1M TSFR + 3.000%, 09/01/27		1,624,750		1,627,965

BHFTI-108

Brighthouse Funds Trust I

Brighthouse/Eaton Vance Floating Rate Portfolio

Schedule of Investments as of September 30, 2023 (Unaudited)

Floating Rate Loans (a)—(Continued)

Security Description	Principal Amount*		Value
Insurance—(Continued)
Sedgwick Claims Management Services, Inc. Term Loan B, 9.066%, 1M TSFR + 3.750%, 02/24/28		1,549,467	$	1,547,772
USI, Inc.
2022 Incremental Term Loan, 9.140%, 3M TSFR + 3.750%, 11/22/29		1,554,533		1,555,747
				22,342,248
Internet—3.4%
Adevinta ASA
USD Term Loan B, 8.322%, 3M SOFR + 2.750%, 06/26/28		715,393		716,511
Buzz Finco LLC Term Loan B, 8.166%, 1M TSFR + 2.750%, 01/29/27		482,500		482,199
Term Loan B, 8.666%, 1M TSFR + 3.250%, 01/29/27		53,545		53,612
CNT Holdings I Corp. Term Loan, 8.800%, 3M TSFR + 3.500%, 11/08/27		633,750		632,844
Endure Digital, Inc. Term Loan, 8.792%, 3M LIBOR + 3.500%, 02/10/28		4,026,357		3,922,344
Getty Images, Inc.
2019 USD Term Loan B, 9.990%, 3M TSFR + 4.500%, 02/19/26		1,686,293		1,692,616
Go Daddy Operating Co. LLC Term Loan B4, 7.431%, 1M TSFR + 2.000%, 08/10/27		1,040,063		1,040,604
Hoya Midco LLC Term Loan, 8.619%, 1M TSFR + 3.250%, 02/03/29		510,353		511,416
Imperva, Inc.
1st Lien Term Loan, 9.627%, 3M TSFR + 4.000%, 01/12/26		533,291		534,958
Magnite, Inc. Term Loan, 10.431%, 3M SOFR + 5.000%, 04/28/28		659,812		663,524
Match Group, Inc. Term Loan B, 7.298%, 3M TSFR + 1.750%, 02/13/27		675,000		673,313
Olaplex, Inc Term Loan, 8.916%, 1M TSFR + 3.500%, 02/23/29		992,443		837,064
Proofpoint, Inc.
1st Lien Term Loan, 8.681%, 1M TSFR + 3.250%, 08/31/28		2,603,625		2,585,001
Uber Technologies, Inc. Term Loan B, 8.159%, 3M TSFR + 2.750%, 03/03/30		4,981,770		4,986,752
				19,332,758
Investment Companies—0.7%
Campfire Bidco Ltd.
USD Opco Term Loan, 9.856%, 3M TSFR + 4.250%, 10/23/23 (e)		327,573		307,716
Campfire Topco Ltd.
USD First Lien HoldCo Facility, 5.706%, 3M TSFR + 0.100%, 10/23/23 (e)		155,128		111,305
USD Second Lien HoldCo Facility, 6.303%, PIK + 6.900%, 12/31/27 (e)		206,872		45,512
EIG Management Co. LLC Term Loan B, 9.166%, 1M TSFR + 3.750%, 02/22/25		236,250		236,250
FinCo I LLC
2023 Term Loan, 8.369%, 3M LIBOR + 3.000%, 06/27/29		1,271,813		1,274,197
GIP Pilot Acquisition Partners LP Term Loan, 10/04/30		475,000		474,406
Investment Companies—(Continued)
Mariner Wealth Advisors LLC Term Loan B, 8.901%, 3M TSFR + 3.250%, 08/18/28		1,330,894		1,320,912
				3,770,298
Leisure Time—2.0%
Bombardier Recreational Products, Inc. Term Loan, 7.318%, 1M TSFR + 2.000%, 05/24/27		1,565,155		1,557,004
Carnival Corp.
Incremental Term Loan B, 8.681%, 1M TSFR + 3.250%, 10/18/28		2,922,938		2,912,888
City Football Group Ltd. Term Loan, 8.439%, 1M TSFR + 3.000%, 07/21/28		1,424,625		1,421,954
ClubCorp Holdings, Inc. Term Loan B, 8.403%, 1M LIBOR + 2.750%, 09/18/24		1,598,000		1,576,694
Fender Musical Instruments Corp. Term Loan B, 9.424%, 1M TSFR + 4.000%, 12/01/28		344,258		336,512
Hayward Industries, Inc. Term Loan, 8.181%, 1M TSFR + 2.750%, 05/30/28		1,523,216		1,513,221
MajorDrive Holdings IV LLC
2022 Incremental Term Loan B, 11.040%, 3M TSFR + 5.500%, 06/01/29		498,734		497,487
Term Loan B, 9.652%, 3M TSFR + 4.000%, 06/01/28		1,107,130		1,098,827
Recess Holdings, Inc.
2023 Term Loan, 9.383%, 3M TSFR + 4.000%, 03/29/27		600,000		600,000
SRAM LLC Term Loan B, 8.181%, 1M TSFR + 2.750%, 05/18/28		199,091		198,904
				11,713,491
Lodging—0.7%
Fertitta Entertainment LLC Term Loan B, 9.316%, 1M TSFR + 4.000%, 01/27/29		1,930,626		1,914,830
Four Seasons Hotels Ltd.
2023 Term Loan B, 7.916%, 1M TSFR + 2.500%, 11/30/29		829,367		832,010
Playa Resorts Holding BV
2022 Term Loan B, 9.581%, 1M TSFR + 4.250%, 01/05/29		1,389,500		1,391,473
				4,138,313
Machinery-Construction & Mining—0.7%
Brookfield WEC Holdings, Inc. Term Loan, 8.181%, 1M TSFR + 2.750%, 08/01/25		3,912,282		3,914,504
Machinery-Diversified—1.9%
Ali Group North America Corp. Term Loan B, 7.431%, 1M TSFR + 2.000%, 07/30/29		1,403,000		1,403,438
Clark Equipment Co. Term Loan B, 7.990%, 3M TSFR + 2.500%, 04/20/29		715,566		716,729
CPM Holdings, Inc.
2023 Term Loan, 9.900%, 3M TSFR + 4.500%, 09/28/28		1,703,116		1,701,523
DXP Enterprises, Inc. Term Loan, 10.627%, 3M SOFR + 5.250%, 12/23/27		807,076		807,580
Engineered Machinery Holdings, Inc.
USD Incremental Term Loan, 9.152%, 3M TSFR + 3.500%, 05/19/28		2,192,332		2,183,837
LSF12 Badger Bidco LLC Term Loan B, 11.400%, 3M TSFR + 6.000%, 08/30/30		300,000		299,625

BHFTI-109

Brighthouse Funds Trust I

Brighthouse/Eaton Vance Floating Rate Portfolio

Schedule of Investments as of September 30, 2023 (Unaudited)

Floating Rate Loans (a)—(Continued)

Security Description	Principal Amount*		Value
Machinery-Diversified—(Continued)
SPX Flow, Inc. Term Loan, 9.916%, 1M TSFR + 4.500%, 04/05/29		1,263,549	$	1,263,055
Titan Acquisition Ltd. Term Loan B, 8.652%, 3M LIBOR + 3.000%, 03/28/25		1,637,993		1,625,846
Vertical U.S. Newco, Inc. Term Loan B, 9.381%, 6M TSFR + 3.500%, 07/30/27		997,500		996,461
				10,998,094
Media—2.0%
CSC Holdings LLC Term Loan B5, 7.947%, 1M TSFR + 2.500%, 04/15/27		545,075		495,337
GEE Holdings 2 LLC
2nd Lien Takeback Term Loan, 13.912%, 3M SOFR + 8.250%, 03/23/26		349,320		209,592
Exit Term Loan, 13.662%, 3M SOFR + 8.000%, 03/24/25		158,328		155,161
Gray Television, Inc. Term Loan D, 8.444%, 1M TSFR + 3.000%, 12/01/28		1,056,188		1,031,103
Term Loan E, 7.944%, 1M TSFR + 2.500%, 01/02/26		552,268		549,621
Hubbard Radio LLC Term Loan B, 9.690%, 1M LIBOR + 4.250%, 03/28/25		419,390		381,645
iHeartCommunications, Inc.
Incremental Term Loan, 8.681%, 1M TSFR + 3.250%, 05/01/26		334,350		301,417
Mission Broadcasting, Inc. Term Loan B, 7.946%, 1M TSFR + 2.500%, 06/02/28		392,000		391,918
MJH Healthcare Holdings LLC Term Loan B, 8.916%, 1M TSFR + 3.500%, 01/28/29		295,500		294,946
Nexstar Broadcasting, Inc. Term Loan B4, 7.931%, 1M TSFR + 2.500%, 09/18/26		229,229		229,208
Recorded Books, Inc. Term Loan, 9.316%, 1M TSFR + 4.000%, 08/29/25		135,134		135,279
Sinclair Television Group, Inc. Term Loan B2B, 7.931%, 1M TSFR + 2.500%, 09/30/26		527,966		459,859
Term Loan B3, 8.431%, 1M TSFR + 3.000%, 04/01/28		1,703,925		1,215,911
Telenet Financing USD LLC
USD Term Loan AR, 7.447%, 1M TSFR + 2.000%, 04/30/28		375,000		365,937
Univision Communications, Inc.
First Lien Term Loan B, 8.681%, 1M TSFR + 3.250%, 03/15/26		3,526,144		3,523,666
Virgin Media Bristol LLC Term Loan N, 7.947%, 1M TSFR + 2.500%, 01/31/28		850,000		828,020
Term Loan Q, 8.697%, 1M TSFR + 3.250%, 01/31/29		1,125,000		1,101,357
				11,669,977
Metal Fabricate/Hardware—1.1%
Ameriforge Group, Inc.
Exit Term Loan, 13.402%, 1M TSFR + 8.000%, 12/29/23 (e) (f) (g)		879,465		701,989
Term Loan, 18.444%, 1M TSFR + 13.000%, 12/29/23 (c) (f)		111,802		89,240
Dynacast International LLC
First Out Term Loan, 10.017%, 3M TSFR + 4.500%, 07/22/25		1,341,209		1,254,030
WireCo WorldGroup, Inc. Term Loan, 9.695%, 1M TSFR + 4.250%, 11/13/28		490,824		491,131
Zekelman Industries, Inc. Term Loan, 7.445%, 1M TSFR + 2.000%, 01/24/27		3,564,469		3,566,451
				6,102,841
Mining—0.2%
Arsenal AIC Parent LLC Term Loan, 9.879%, 3M TSFR + 4.500%, 08/18/30		775,000		774,806
Phoenix Services International LLC
2023 Exit PIK Term Loan, 11.531%, 1M TSFR + 6.100%, 06/30/28		306,293		286,193
				1,060,999
Miscellaneous Manufacturing—1.3%
Delachaux Group SA
USD Term Loan B2, 9.869%, 3M TSFR + 4.500%, 04/16/26		280,000		275,917
Gates Global LLC Term Loan B3, 7.931%, 1M TSFR + 2.500%, 03/31/27		3,587,630		3,583,705
Gemini HDPE LLC Term Loan B, 8.631%, 3M TSFR + 3.000%, 12/31/27		626,401		626,466
Groupe Solmax, Inc. Term Loan, 10.680%, 1M TSFR + 4.750%, 05/29/28		1,051,364		987,406
LTI Holdings, Inc.
1st Lien Term Loan, 8.931%, 1M TSFR + 3.500%, 09/06/25		692,023		675,731
Term Loan, 10.181%, 1M TSFR + 4.750%, 07/24/26		1,174,269		1,149,316
				7,298,541
Oil & Gas—0.1%
QuarterNorth Energy Holding, Inc.
Exit 2nd Lien Term Loan, 13.431%, 1M TSFR + 8.000%, 08/27/26		360,142		359,467
Oil & Gas Services—0.0%
Lealand Finance Co. BV
Take Back Term Loan, 6.431%, 1M TSFR + 1.000%, 06/30/25 (e)		290,893		152,719
Packaging & Containers—2.2%
Berlin Packaging LLC Term Loan B5, 9.194%, 3M SOFR + 3.750%, 03/11/28		1,347,500		1,335,468
Charter NEX U.S., Inc. Term Loan, 9.181%, 1M TSFR + 3.750%, 12/01/27		2,006,212		1,990,270
Clydesdale Acquisition Holdings, Inc. Term Loan B, 9.591%, 1M TSFR + 4.175%, 04/13/29		2,592,188		2,560,158
LABL, Inc.
USD 1st Lien Term Loan, 10.318%, 1M TSFR + 5.000%, 10/29/28		1,768,500		1,766,792
Pregis TopCo Corp.
1st Lien Term Loan, 9.066%, 1M TSFR + 3.750%, 07/31/26		553,438		553,481
Pretium PKG Holdings, Inc.
1st Lien Term Loan, 9.318%, 3M LIBOR + 4.000%, 10/02/28		663,188		409,850
Proampac PG Borrower LLC
2023 Term Loan, 09/26/28		1,150,000		1,138,500
Reynolds Group Holdings, Inc. Term Loan B, 8.681%, 1M TSFR + 3.250%, 09/24/28		1,053,500		1,053,500
Term Loan B2, 8.681%, 1M TSFR + 3.250%, 02/05/26		753,215		753,497
Trident TPI Holdings, Inc.
Incremental Term Loan B3, 9.652%, 3M TSFR + 4.000%, 09/15/28		336,038		335,382
USD Term Loan, 9.890%, 3M TSFR + 4.500%, 09/15/28		573,563		573,563
				12,470,461

BHFTI-110

Brighthouse Funds Trust I

Brighthouse/Eaton Vance Floating Rate Portfolio

Schedule of Investments as of September 30, 2023 (Unaudited)

Floating Rate Loans (a)—(Continued)

Security Description	Principal Amount*		Value
Pharmaceuticals—3.3%
Alkermes, Inc. Term Loan B, 7.945%, 1M TSFR + 2.500%, 03/12/26		337,747	$	333,525
Bausch Health Cos., Inc. Term Loan B, 10.674%, 1M TSFR + 5.250%, 02/01/27		1,818,632		1,484,133
Bayou Intermediate II LLC Term Loan B, 9.966%, 3M TSFR + 4.500%, 08/02/28		761,438		742,402
Covis Finco Sarl
USD Term Loan B, 11.810%, 3M TSFR + 6.500%, 02/18/27		762,115		549,993
Gainwell Acquisition Corp. Term Loan B, 9.490%, 3M TSFR + 4.000%, 10/01/27		4,881,230		4,771,402
Grifols Worldwide Operations USA, Inc.
USD Term Loan B, 7.416%, 1M TSFR + 2.000%, 11/15/27		550,161		541,515
Horizon Therapeutics USA, Inc. Term Loan B, 7.434%, 1M TSFR + 2.000%, 05/22/26		988,299		989,457
Term Loan B2, 7.184%, 1M TSFR + 1.750%, 03/15/28		1,051,326		1,051,720
Jazz Financing Lux Sarl
USD Term Loan, 8.931%, 1M TSFR + 3.500%, 05/05/28		1,475,216		1,476,343
LSCS Holdings, Inc.
1st Lien Term Loan, 9.931%, 1M TSFR + 4.614%, 12/16/28		810,563		799,924
Mallinckrodt International Finance SA
2023 DIP Delayed Draw Term Loan, 13.398%, 3M TSFR + 8.000%, 08/28/24		259,400		269,776
2023 DIP Final Term Loan, 13.400%, 3M TSFR + 8.000%, 08/28/24		137,279		137,279
USD Exit Term Loan, 12.939%, 1M TSFR + 7.500%, 09/30/27		495,193		372,787
USD Term Loan, 12.689%, 1M TSFR + 7.250%, 09/30/27		3,375,631		2,528,206
Option Care Health, Inc. Term Loan B, 8.181%, 1M TSFR + 2.750%, 10/27/28		442,125		443,783
Packaging Coordinators Midco, Inc.
1st Lien Term Loan, 9.152%, 3M TSFR + 3.500%, 11/30/27		1,342,095		1,338,740
Padagis LLC Term Loan B, 10.280%, 3M TSFR + 4.750%, 07/06/28		1,166,176		1,136,536
PRA Health Sciences, Inc.
US Term Loan, 7.902%, 3M TSFR + 2.250%, 07/03/28		50,650		50,692
				19,018,213
Pipelines—0.9%
CQP Holdco LP Term Loan B, 8.818%, 1M TSFR + 3.500%, 06/05/28		1,392,580		1,394,320
Freeport LNG Investments LLLP Term Loan B, 9.088%, 3M SOFR + 3.500%, 12/21/28		757,581		751,663
ITT Holdings LLC Term Loan, 8.068%, 1M TSFR + 2.750%, 07/10/28		416,500		416,864
Oryx Midstream Services Permian Basin LLC
Incremental Term Loan, 8.692%, 1M TSFR + 3.250%, 10/05/28		1,123,253		1,125,078
UGI Energy Services LLC Term Loan B, 8.666%, 1M TSFR + 3.250%, 02/22/30		1,341,450		1,341,929
				5,029,854
Real Estate—0.7%
Cushman & Wakefield U.S. Borrower LLC
2023 Term Loan B, 9.316%, 1M TSFR + 4.000%, 01/31/30		518,615		515,373
Term Loan, 8.666%, 1M TSFR + 3.250%, 01/31/30		1,261,190		1,241,484
Term Loan B, 8.068%, 1M TSFR + 2.750%, 08/21/25		59,666		59,694
Real Estate—(Continued)
Greystar Real Estate Partners LLC Term Loan, 9.147%, 3M TSFR + 3.750%, 08/21/30		625,000		625,000
RE/MAX International, Inc. Term Loan B, 7.931%, 1M TSFR + 2.500%, 07/21/28		1,661,750		1,624,361
				4,065,912
Retail—3.1%
Dave & Buster’s, Inc.
2023 Term Loan B5, 09/20/30		1,800,000		1,796,812
Great Outdoors Group LLC Term Loan B1, 9.181%, 1M TSFR + 3.750%, 03/06/28		2,455,941		2,454,406
Harbor Freight Tools USA, Inc. Term Loan B, 8.181%, 1M TSFR + 2.750%, 10/19/27		814,157		809,012
IRB Holding Corp. Term Loan B, 8.316%, 1M TSFR + 3.000%, 12/15/27		487,538		486,251
Les Schwab Tire Centers Term Loan B, 8.692%, 1M TSFR + 3.250%, 11/02/27		3,817,263		3,807,720
LIDS Holdings, Inc. Term Loan, 11.060%, 3M TSFR + 5.500%, 12/14/26		449,219		431,250
Medical Solutions Holdings, Inc.
1st Lien Term Loan, 8.773%, 3M TSFR + 3.250%, 11/01/28		1,601,913		1,554,657
PetSmart, Inc. Term Loan B, 9.166%, 1M TSFR + 3.750%, 02/11/28		1,795,962		1,793,530
Phillips Feed Service, Inc. Term Loan, 12.320%, 1M TSFR + 7.000%, 11/13/24 (f) (g)		11,259		9,007
Serta Simmons Bedding LLC
2023 New Term Loan, 12.900%, 3M TSFR + 7.500%, 06/29/28		1,340,146		1,342,239
SRS Distribution, Inc.
Incremental Term Loan, 8.916%, 1M TSFR + 3.500%, 06/02/28		418,625		415,224
Term Loan B, 8.931%, 1M TSFR + 3.500%, 06/02/28		1,029,000		1,020,639
White Cap Buyer LLC Term Loan B, 9.066%, 1M TSFR + 3.750%, 10/19/27		1,969,692		1,968,574
				17,889,321
Semiconductors—0.6%
Altar Bidco, Inc. Term Loan, 7.993%, 6M TSFR + 3.100%, 02/01/29		1,382,500		1,379,908
Bright Bidco BV
2022 Exit Term Loan, 6.366%, 3M TSFR + 1.000%, 10/31/27 (e)		370,679		151,052
MKS Instruments, Inc.
USD Term Loan B, 8.066%, 1M TSFR + 2.750%, 08/17/29		1,388,438		1,390,824
Synaptics, Inc. Term Loan B, 7.914%, 3M TSFR + 2.250%, 12/02/28		441,000		440,242
				3,362,026
Software—16.1%
Applied Systems, Inc.
2022 Extended 1st Lien Term Loan, 9.890%, 3M TSFR + 4.500%, 09/18/26		4,977,148		4,997,365
AppLovin Corp.
2023 Term Loan B, 8.500%, 3M TSFR + 3.100%, 08/14/30		2,187,249		2,183,422

BHFTI-111

Brighthouse Funds Trust I

Brighthouse/Eaton Vance Floating Rate Portfolio

Schedule of Investments as of September 30, 2023 (Unaudited)

Floating Rate Loans (a)—(Continued)

Security Description	Principal Amount*		Value
Software—(Continued)
Aptean, Inc. Term Loan, 9.568%, 1M TSFR + 4.250%, 04/23/26		2,695,905	$	2,687,901
AQA Acquisition Holding, Inc.
1st Lien Term Loan, 9.568%, 3M TSFR + 4.250%, 03/03/28		782,000		778,253
Ascend Learning LLC Term Loan, 8.916%, 3M TSFR + 3.500%, 12/11/28		1,984,848		1,895,530
Banff Merger Sub, Inc.
2021 USD Term Loan, 9.181%, 1M TSFR + 3.750%, 10/02/25		3,984,668		3,985,217
Camelot U.S. Acquisition LLC
Incremental Term Loan B, 8.431%, 1M TSFR + 3.000%, 10/30/26		865,659		865,968
Term Loan B, 8.431%, 1M TSFR + 3.000%, 10/30/26		846,518		847,198
CDK Global, Inc.
USD Term Loan B, 9.640%, 3M TSFR + 4.250%, 07/06/29		2,977,500		2,981,532
CentralSquare Technologies LLC
1st Lien Term Loan, 9.290%, 3M TSFR + 3.750%, 08/29/25		1,485,102		1,412,084
Ceridian HCM Holding, Inc. Term Loan B, 7.931%, 1M TSFR + 2.500%, 04/30/25		2,794,501		2,801,487
Cloud Software Group, Inc.
2022 USD Term Loan A, 9.990%, 3M TSFR + 4.500%, 09/29/28		500,000		480,729
USD Term Loan, 9.990%, 3M TSFR + 4500%, 03/30/29		1,493,747		1,439,318
Cloudera, Inc.
2nd Lien Term Loan, 11.416%, 1M TSFR + 6.000%, 10/08/29		850,000		810,333
Term Loan, 9.166%, 1M TSFR + 3.750%, 10/08/28		3,004,250		2,971,203
ConnectWise LLC Term Loan B, 8.931%, 1M TSFR + 3.500%, 09/29/28		883,729		872,682
Constant Contact, Inc. Term Loan, 9.561%, 3M TSFR + 4.000%, 02/10/28		1,768,076		1,719,179
Cornerstone OnDemand, Inc. Term Loan, 9.181%, 3M TSFR + 3.750%, 10/16/28		2,048,341		1,953,605
E2open LLC Term Loan B, 8.931%, 1M TSFR + 3.500%, 02/04/28		2,144,361		2,145,030
ECI Macola Max Holdings LLC Term Loan, 9.150%, 3M TSFR + 3.750%, 11/09/27		1,265,472		1,263,732
EP Purchaser LLC Term Loan B, 8.900%, 3M TSFR + 3.500%, 11/06/28		443,250		438,263
Epicor Software Corp. Term Loan, 8.681%, 1M TSFR + 3.250%, 07/30/27		6,141,601		6,143,075
Genuine Financial Holdings, LLC
2023 Term Loan B, 09/20/30		400,000		396,333
Grab Holdings, Inc. Term Loan B, 9.931%, 1M TSFR + 4.500%, 01/29/26		936,018		943,428
Greeneden U.S. Holdings II LLC
USD Term Loan B4, 9.431%, 1M TSFR + 4.000%, 12/01/27		780,000		781,571
Informatica LLC
USD Term Loan B, 8.068%, 1M TSFR + 2.750%, 10/27/28		2,905,750		2,902,571
Ivanti Software, Inc. Term Loan B, 9.758%, 3M TSFR + 4.250%, 12/01/27		1,008,298		874,699
Marcel LUX IV Sarl
USD Term Loan B, 9.415%, 1M TSFR + 4.000%, 12/31/27		94,905		94,668
USD Term Loan B1, 8.665%, 1M TSFR + 3.250%, 03/15/26		957,500		955,106
Maverick Bidco, Inc. Term Loan, 9.269%, 3M TSFR + 3.750%, 05/18/28		1,834,651		1,790,313
Software—(Continued)
MedAssets Software Intermediate Holdings, Inc.
2nd Lien Term Loan 2, 12.181%, 1M TSFR + 6.750%, 12/17/29		775,000		501,328
Term Loan, 9.431%, 1M TSFR + 4.000%, 12/18/28		1,206,625		983,399
Mediaocean LLC Term Loan, 8.916%, 1M TSFR + 3.500%, 12/15/28		689,500		661,920
Mosel Bidco SE
USD Term Loan B, 09/16/30 (d)		250,000		250,313
Navicure, Inc. Term Loan B, 9.431%, 1M TSFR + 4.000%, 10/22/26		2,615,425		2,621,556
Open Text Corp.
2023 Term Loan B, 8.068%, 1M TSFR + 2.750%, 01/31/30		2,406,813		2,409,070
Playtika Holding Corp. Term Loan, 8.181%, 1M TSFR + 2.750%, 03/13/28		1,870,891		1,871,243
PointClickCare Technologies, Inc. Term Loan B, 8.400%, 3M TSFR + 3.000%, 12/29/27		536,250		535,580
Project Ruby Ultimate Parent Corp. Term Loan, 8.681%, 1M TSFR + 3.250%, 03/10/28		1,048,125		1,036,596
Quartz Acquireco LLC Term Loan B, 06/28/30 (d)		825,000		825,000
Quest Software U.S. Holdings, Inc. Term Loan, 02/01/29 (d)		498,741		417,161
Rackspace Technology Global, Inc. Term Loan B, 8.194%, 1M TSFR + 2.750%, 02/15/28		2,817,898		1,299,228
Realpage, Inc.
1st Lien Term Loan, 8.431%, 1M TSFR + 3.000%, 04/24/28		2,940,000		2,910,191
Renaissance Holding Corp.
1st Lien Term Loan, 10.150%, 3M TSFR + 4.750%, 04/05/30		1,000,000		993,542
SkillSoft Corp. Term Loan, 10.698%, 1M TSFR + 5.250%, 07/14/28		1,130,451		1,069,925
Skopima Merger Sub, Inc. Term Loan B, 9.431%, 1M TSFR + 4.000%, 05/12/28		949,561		925,975
SolarWinds Holdings, Inc.
2022 Term Loan B, 9.066%, 1M TSFR + 3.750%, 02/05/27		1,741,250		1,745,504
Sophia LP
Incremental Term Loan B, 9.566%, 1M TSFR + 4.250%, 10/07/27		496,231		495,053
Term Loan B, 8.816%, 1M TSFR + 3.500%, 10/07/27		3,329,060		3,326,563
SS&C Technologies, Inc. Term Loan B5, 7.180%, 1M TSFR + 1.750%, 04/16/25		1,516,676		1,518,267
Symplr Software, Inc. Term Loan, 9.969%, 3M TSFR + 4.500%, 12/22/27		1,350,413		1,212,559
Turing Midco LLC
2021 Term Loan B, 7.931%, 1M TSFR + 2.500%, 03/24/28		166,224		165,690
Ultimate Software Group, Inc. Term Loan, 8.618%, 3M TSFR + 3.250%, 05/04/26		4,963,906		4,958,828
Term Loan B, 9.219%, 3M TSFR + 3.750%, 05/04/26		1,416,000		1,416,681
Veritas U.S., Inc.
USD Term Loan B, 10.318%, 1M TSFR + 5.000%, 09/01/25		2,812,720		2,446,062
VS Buyer LLC Term Loan B, 8.666%, 1M TSFR + 3.250%, 02/28/27		1,454,807		1,451,170
				92,460,199

BHFTI-112

Brighthouse Funds Trust I

Brighthouse/Eaton Vance Floating Rate Portfolio

Schedule of Investments as of September 30, 2023 (Unaudited)

Floating Rate Loans (a)—(Continued)

Security Description	Principal Amount*		Value
Telecommunications—2.2%
Altice France SA
USD Term Loan B14, 10.808%, 3M TSFR + 5.500%, 08/15/28		779,759	$	707,874
CenturyLink, Inc. Term Loan B, 7.681%, 1M TSFR + 2.250%, 03/15/27		1,037,884		741,763
Ciena Corp. Term Loan B, 7.825%, 1M TSFR + 2.500%, 01/18/30		696,500		698,677
CommScope, Inc. Term Loan B, 8.568%, 1M TSFR + 3.250%, 04/06/26		1,488,000		1,362,759
Cyxtera DC Holdings, Inc.
DIP Term Loan, 13.942%, 1M TSFR + 8.614%, 12/07/23		398,500		402,153
Term Loan B, 05/01/24 (b)		1,437,313		845,319
Delta TopCo, Inc. Term Loan B, 9.069%, 6M TSFR + 3.750%, 12/01/27		3,760,750		3,730,217
Digicel International Finance Ltd.
Exit Term Loan B, 8.981%, 6M LIBOR + 3.250%, 05/28/24		1,433,521		1,299,128
GoTo Group, Inc. Term Loan B, 10.269%, 3M TSFR + 4.750%, 08/31/27		2,706,036		1,812,200
Level 3 Financing, Inc. Term Loan B, 7.181%, 1M TSFR + 1.750%, 03/01/27		1,333,212		1,262,135
				12,862,225
Transportation—0.7%
First Student Bidco, Inc.
Incremental Term Loan B, 07/21/28 (d)		1,402,291		1,382,718
Incremental Term Loan C, 07/21/28 (d)		97,709		96,208
Kenan Advantage Group, Inc. Term Loan B1, 9.477%, 3M TSFR + 3.750%, 03/24/26		2,261,063		2,258,589
N-Able International Holdings II LLC Term Loan B, 8.434%, 3M TSFR + 2.750%, 07/19/28		441,000		440,449
				4,177,964
Total Floating Rate Loans (Cost $557,546,215)				542,104,008
Corporate Bonds & Notes—3.2%
Aerospace/Defense—0.3%
TransDigm, Inc. 6.250%, 03/15/26 (144A)		1,000,000		982,581
6.875%, 12/15/30 (144A)		500,000		490,272
				1,472,853
Airlines—0.6%
American Airlines, Inc./AAdvantage Loyalty IP Ltd. 5.500%, 04/20/26 (144A)		1,833,333		1,790,548
5.750%, 04/20/29 (144A)		1,500,000		1,395,075
				3,185,623
Auto Parts & Equipment—0.2%
Clarios Global LP 6.750%, 05/15/25 (144A)		225,000		223,306
Clarios Global LP/Clarios U.S. Finance Co. 6.250%, 05/15/26 (144A)		1,215,000		1,188,809
				1,412,115
Commercial Services—0.1%
Garda World Security Corp. 4.625%, 02/15/27 (144A)		850,000		777,801
Computers—0.1%
NCR Atleos Escrow Corp. 9.500%, 04/01/29		500,000		483,600
Distribution/Wholesale—0.0%
American Builders & Contractors Supply Co., Inc. 4.000%, 01/15/28 (144A)		275,000		243,753
Diversified Financial Services—0.1%
AG Issuer LLC 6.250%, 03/01/28 (144A)		425,000		396,901
Electric—0.2%
Calpine Corp. 4.500%, 02/15/28 (144A)		300,000		270,368
5.250%, 06/01/26 (144A)		988,000		959,230
				1,229,598
Entertainment—0.1%
SeaWorld Parks & Entertainment, Inc. 8.750%, 05/01/25 (144A)		250,000		252,500
Six Flags Theme Parks, Inc. 7.000%, 07/01/25 (144A)		126,000		125,681
				378,181
Environmental Control—0.1%
GFL Environmental, Inc. 4.250%, 06/01/25 (144A)		625,000		600,625
Machinery-Diversified—0.1%
TK Elevator U.S. Newco, Inc. 5.250%, 07/15/27 (144A)		500,000		458,264
Media—0.2%
iHeartCommunications, Inc. 4.750%, 01/15/28 (144A)		250,000		191,119
5.250%, 08/15/27 (144A)		200,000		158,504
6.375%, 05/01/26		105,163		90,617
8.375%, 05/01/27		190,609		136,736
Virgin Media Secured Finance PLC 4.500%, 08/15/30 (144A)		800,000		660,880
				1,237,856
Oil & Gas—0.2%
CITGO Petroleum Corp. 7.000%, 06/15/25 (144A)		1,275,000		1,256,038
Real Estate—0.1%
Cushman & Wakefield U.S. Borrower LLC 6.750%, 05/15/28 (144A)		375,000		345,975

BHFTI-113

Brighthouse Funds Trust I

Brighthouse/Eaton Vance Floating Rate Portfolio

Schedule of Investments as of September 30, 2023 (Unaudited)

Corporate Bonds & Notes—(Continued)

Security Description	Shares/ Principal Amount*		Value
Software—0.2%
Boxer Parent Co., Inc. 7.125%, 10/02/25 (144A)		500,000	$	497,501
Cloud Software Group, Inc. 9.000%, 09/30/29 (144A)		500,000		434,500
				932,001
Telecommunications—0.6%
Altice France SA 5.500%, 01/15/28 (144A)		475,000		365,853
CommScope, Inc. 6.000%, 03/01/26 (144A)		2,000,000		1,866,458
Level 3 Financing, Inc. 3.875%, 11/15/29 (144A)		1,500,000		1,381,953
				3,614,264
Total Corporate Bonds & Notes (Cost $18,924,069)				18,025,448
Common Stocks—0.5%
Commercial Services—0.1%
IAP Worldwide Services LLC (f) (g) (h) (i)		44		0
Monitronics International, Inc. (h) (i)		16,872		337,440
				337,440
Electric Utilities—0.0%
Longview Intermediate Holdings C LLC (f) (g) (h) (i)		39,089		276,359
Energy Equipment & Services—0.0%
Mcdermott International Ltd. (h) (i)		117,431		29,358
Entertainment—0.1%
New Cineworld Ltd. (h) (i)		14,581		336,578
Health Care Equipment & Supplies—0.0%
Akorn Holding Co. LLC (f) (g) (h) (i)		56,220		0
Household Products—0.2%
LG Parent Holding Co. (h) (i)		9,472		66,659
Serta Simmons Bedding, Inc. (h) (i)		90,899		1,266,905
Serta SSB Equipment Co. (f) (g) (h) (i)		90,899		0
				1,333,564
Investment Company Securities—0.0%
Aegletes BV (h) (i)		11,991		17,837
Media—0.0%
Global Eagle Entertainment (f) (g) (h) (i)		17,940		0
Metals & Mining—0.1%
AFG Holdings, Inc. (f) (g) (h) (i)		24,746		50,977
American Consolidated Natural Resources, Inc. (h) (i)		3,147		272,740
Phoenix Services International LLC (h) (i)		2,332		20,988
Metals & Mining—(Continued)
Phoenix Services International LLC (f) (h) (i)		25,563		230,067
				574,772
Pharmaceuticals—0.0%
Covis Midco 1 Sarl - Class A (f) (h) (i)		619		315
Covis Midco 1 Sarl - Class B (f) (h) (i)		619		315
Covis Midco 1 Sarl - Class C (f) (h) (i)		619		316
Covis Midco 1 Sarl - Class D (f) (h) (i)		619		316
Covis Midco 1 Sarl - Class E (f) (h) (i)		619		316
				1,578
Professional Services—0.0%
Skillsoft Corp. (h) (i)		66,881		59,283
Specialty Retail—0.0%
Phillips Feed Service, Inc. (f) (g) (h) (i)		62		2,959
Total Common Stocks (Cost $6,055,359)				2,969,728
Preferred Stock—0.1%
Metals & Mining—0.1%
American Consolidated Natural Resources, Inc. (h) (i) (Cost $0)		1,486		780,150
Warrants—0.0%
Specialty Retail—0.0%
David’s Bridal LLC, Expires 11/26/22 (f) (g) (h) (i) (Cost $0)		3,478		0
Short-Term Investment—1.7%
Repurchase Agreement—1.7%
Fixed Income Clearing Corp. Repurchase Agreement dated 09/29/23 at 2.500%, due on 10/02/23 with a maturity value of $9,681,215; collateralized by U.S. Treasury Note at 0.750%, maturing 04/30/26, with a market value of $9,872,838.		9,679,199		9,679,199
Total Short-Term Investments (Cost $9,679,199)				9,679,199
Total Investments—99.9% (Cost $592,204,842)				573,558,533
Unfunded Loan Commitments—(0.0)% (Cost $(10,114))				(10,114	)
Net Investments—99.9% (Cost $592,194,728)				573,548,419
Other assets and liabilities (net)—0.1%				774,817
Net Assets—100.0%			$	574,323,236

BHFTI-114

Brighthouse Funds Trust I

Brighthouse/Eaton Vance Floating Rate Portfolio

Schedule of Investments as of September 30, 2023 (Unaudited)

*	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)	Non-income producing; security is in default and/or issuer is in bankruptcy.
(c)	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.
(d)	This loan will settle after September 30, 2023, at which time the interest rate will be determined.
(e)	Payment-in-kind security for which part of the income earned may be paid as additional principal.
(f)	Security was valued in good faith under procedures subject to oversight by the Board of Trustees. As of September 30, 2023, these securities represent 0.2% of net assets.
(g)	Significant unobservable inputs were used in the valuation of this portfolio security; i.e. Level 3.
(h)	Non-income producing security.
(i)	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 September 30, 2023, the market value of 144A securities was $17,314,495, which is 3.0% of net assets.

Glossary of Abbreviations

Index Abbreviations

(LIBOR)—	London Interbank Offered Rate
(SOFR)—	Secured Overnight Financing Rate
(TSFR)—	Term Secured Overnight Financing Rate

Fair Value Hierarchy

Accounting principles generally accepted in the United States of America (“GAAP”) define fair market value as the price that the Portfolio would receive to sell an asset or pay to transfer a liability in an orderly transaction between market participants at the measurement date. It establishes a fair value hierarchy that prioritizes inputs to valuation methods and requires disclosure of the fair value hierarchy, separately for each major category of assets and liabilities, that segregates fair value measurements into three levels. Levels 1, 2 and 3 of the fair value hierarchy are defined as follows:

Level 1 - unadjusted quoted prices in active markets for identical investments

Level 2 - other significant observable inputs (including, but not limited to, quoted prices for similar assets or liabilities in markets that are either active or inactive; inputs other than quoted prices that are observable such as interest rates, yield curves, volatilities, prepayment speeds, loss severities, credit risks, default rates, or other market corroborated inputs)

Level 3 - significant unobservable inputs based on the best information available in the circumstances, to the extent observable inputs are unavailable (including the Portfolio’s own assumptions used in determining the fair value of investments and derivative financial instruments)

The inputs or methodologies used for valuing investments are not necessarily an indication of the risk associated with investing in them. Changes to the inputs or methodologies used may result in transfers between levels. A reconciliation of Level 3 securities, if any, will be disclosed following the fair value hierarchy table. For more information about the Portfolio’s policy regarding the valuation of investments, please refer to the Notes to Schedule of Investments.

The following table summarizes the fair value hierarchy of the Portfolio’s investments as of September 30, 2023:

Description	Level 1		Level 2		Level 3		Total
Floating Rate Loans
Aerospace/Defense	$	—	$	12,018,109	$	—	$	12,018,109
Agriculture		—		501,628		—		501,628
Airlines		—		1,546,130		—		1,546,130
Apparel		—		1,466,381		—		1,466,381
Auto Parts & Equipment		—		8,009,334		—		8,009,334
Banks		—		1,952,280		—		1,952,280
Beverages		—		3,332,711		—		3,332,711
Building Materials		—		15,619,646		—		15,619,646
Chemicals		—		28,843,151		—		28,843,151
Coal		—		573,204		—		573,204
Commercial Services		—		58,310,807		—		58,310,807
Computers		—		16,769,853		—		16,769,853
Cosmetics/Personal Care		—		4,864,073		—		4,864,073
Distribution/Wholesale		—		4,102,971		—		4,102,971
Diversified Financial Services		—		27,888,206		—		27,888,206
Electric		—		1,419,927		—		1,419,927
Electrical Components & Equipment		—		1,844,702		—		1,844,702

BHFTI-115

Brighthouse Funds Trust I

Brighthouse/Eaton Vance Floating Rate Portfolio

Schedule of Investments as of September 30, 2023 (Unaudited)

Fair Value Hierarchy—(Continued)

Description	Level 1		Level 2		Level 3		Total
Electronics	$	—	$	3,829,096	$	—	$	3,829,096
Engineering & Construction		—		3,921,696		—		3,921,696
Entertainment		—		14,203,614		—		14,203,614
Environmental Control		—		11,779,643		—		11,779,643
Food		—		7,012,202		—		7,012,202
Food Service		—		1,468,435		—		1,468,435
Forest Products & Paper		—		1,067,166		—		1,067,166
Hand/Machine Tools		—		2,510,194		—		2,510,194
Healthcare-Products		—		3,460,350		—		3,460,350
Healthcare-Services		—		18,533,500		—		18,533,500
Holding Companies-Diversified		—		1,685,251		—		1,685,251
Home Furnishings		—		4,440,570		—		4,440,570
Household Products/Wares		—		2,574,209		—		2,574,209
Housewares		—		2,364,544		—		2,364,544
Insurance		—		22,342,248		—		22,342,248
Internet		—		19,332,758		—		19,332,758
Investment Companies		—		3,770,298		—		3,770,298
Leisure Time		—		11,713,491		—		11,713,491
Lodging		—		4,138,313		—		4,138,313
Machinery-Construction & Mining		—		3,914,504		—		3,914,504
Machinery-Diversified		—		10,998,094		—		10,998,094
Media		—		11,669,977		—		11,669,977
Metal Fabricate/Hardware (Less Unfunded Loan Commitments of $10,114)		—		5,390,738		701,989		6,092,727
Mining		—		1,060,999		—		1,060,999
Miscellaneous Manufacturing		—		7,298,541		—		7,298,541
Oil & Gas		—		359,467		—		359,467
Oil & Gas Services		—		152,719		—		152,719
Packaging & Containers		—		12,470,461		—		12,470,461
Pharmaceuticals		—		19,018,213		—		19,018,213
Pipelines		—		5,029,854		—		5,029,854
Real Estate		—		4,065,912		—		4,065,912
Retail		—		17,880,314		9,007		17,889,321
Semiconductors		—		3,362,026		—		3,362,026
Software		—		92,460,199		—		92,460,199
Telecommunications		—		12,862,225		—		12,862,225
Transportation		—		4,177,964		—		4,177,964
Total Floating Rate Loans (Less Unfunded Loan Commitments of $10,114)		—		541,382,898		710,996		542,093,894
Total Corporate Bonds & Notes*		—		18,025,448		—		18,025,448
Common Stocks
Commercial Services		—		337,440		0		337,440
Electric Utilities		—		—		276,359		276,359
Energy Equipment & Services		29,358		—		—		29,358
Entertainment		—		336,578		—		336,578
Health Care Equipment & Supplies		—		—		0		0
Household Products		—		1,333,564		0		1,333,564
Investment Company Securities		—		17,837		—		17,837
Media		—		—		0		0
Metals & Mining		—		523,795		50,977		574,772
Pharmaceuticals		—		1,578		—		1,578
Professional Services		59,283		—		—		59,283
Specialty Retail		—		—		2,959		2,959
Total Common Stocks		88,641		2,550,792		330,295		2,969,728
Total Preferred Stock*		—		780,150		—		780,150
Total Warrants*		—		—		0		0
Total Short-Term Investment*		—		9,679,199		—		9,679,199
Total Net Investments	$	88,641	$	572,418,487	$	1,041,291	$	573,548,419

* See Schedule of Investments for additional detailed categorizations.

Level 3 investments at the beginning and/or end of the period in relation to net assets were not significant and accordingly, a reconciliation of Level 3 assets for the period ended September 30, 2023 is not presented.

During the period ended September 30, 2023, transfers into Level 3 in the amount of $932,846 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-116

Brighthouse Funds Trust I

Brighthouse/Franklin Low Duration Total Return Portfolio

Schedule of Investments as of September 30, 2023 (Unaudited)

U.S. Treasury & Government Agencies—44.2% of Net Assets

Security Description	Principal Amount*		Value
Agency Sponsored Mortgage - Backed—2.9%
Federal Home Loan Mortgage Corp. 3.000%, 10/01/37		3,434,047	$	3,106,154
3.500%, 10/01/37		3,638,294		3,363,986
Federal Home Loan Mortgage Corp. STACR REMIC Trust  7.315%, SOFR30A + 2.000%, 04/25/42 (144A) (a)		1,156,188		1,164,435
Federal Home Loan Mortgage Corp. Structured Agency Credit Risk Debt Notes  9.179%, SOFR30A + 3.864%, 09/25/24 (a)		1,697,609		1,734,639
9.429%, SOFR30A + 4.114%, 08/25/24 (a)		51,159		51,539
9.979%, SOFR30A + 4.664%, 10/25/24 (a)		697,119		705,833
10.079%, SOFR30A + 4.764%, 10/25/28 (a)		1,414,545		1,485,163
10.579%, SOFR30A + 5.264%, 11/25/28 (a)		1,004,488		1,064,666
Federal National Mortgage Association
3.795%, 1Y RFUCCT + 1.420%, 03/01/36 (a)		4,212		4,134
3.800%, 1Y H15 + 1.675%, 11/01/32 (a)		7,029		6,874
3.800%, 1Y RFUCCT + 1.550%, 02/01/44 (a)		25,304		24,770
3.821%, 1Y RFUCCT + 1.571%, 11/01/36 (a)		202		199
3.845%, 6M RFUCCT + 0.845%, 11/01/33 (a)		357		350
3.901%, 1Y RFUCCT + 1.651%, 10/01/33 (a)		13,893		13,665
3.905%, 1Y RFUCCT + 1.655%, 08/01/34 (a)		760		746
3.928%, 1Y H15 + 2.161%, 03/01/30 (a)		152		147
3.960%, 1Y RFUCCT + 1.585%, 02/01/36 (a)		9,070		8,914
3.973%, 1Y RFUCCT + 1.723%, 10/01/36 (a)		949		942
4.028%, 1Y RFUCCT + 1.778%, 12/01/35 (a)		99,124		97,629
4.030%, 1Y RFUCCT + 1.530%, 02/01/33 (a)		24,964		24,549
4.038%, 6M RFUCCT + 1.538%, 09/01/35 (a)		4,138		4,066
4.123%, 1Y H15 + 1.998%, 10/01/32 (a)		8,487		8,366
4.166%, 1Y H15 + 2.270%, 08/01/30 (a)		8,361		8,012
4.210%, 1Y RFUCCT + 1.835%, 03/01/36 (a)		13,160		12,918
4.266%, 1Y RFUCCT + 1.711%, 09/01/35 (a)		661,360		669,682
4.277%, 1Y H15 + 2.152%, 12/01/33 (a)		33,039		32,419
4.290%, 1Y H15 + 2.165%, 07/01/33 (a)		16,907		16,148
4.290%, 6M RFUCCT + 1.413%, 11/01/34 (a)		2,637		2,590
4.323%, 1Y RFUCCT + 1.815%, 03/01/36 (a)		8,538		8,397
4.374%, 1Y H15 + 1.886%, 02/01/25 (a)		3,727		3,701
4.386%, 1Y RFUCCT + 1.580%, 03/01/33 (a)		11,451		11,258
4.395%, 1Y H15 + 2.270%, 01/01/29 (a)		1,459		1,392
4.395%, 1Y H15 + 2.270%, 01/01/32 (a)		4,480		4,372
4.410%, 1Y H15 + 2.285%, 02/01/35 (a)		25,549		25,002
4.438%, 1Y H15 + 2.196%, 09/01/33 (a)		1,340		1,319
4.500%, 09/01/24		18,265		17,646
4.500%, 03/01/25		89,525		86,526
4.525%, 1Y H15 + 2.275%, 06/01/35 (a)		34,179		33,336
4.540%, 6M RFUCCT + 1.415%, 12/01/32 (a)		36,854		36,032
4.560%, 1Y RFUCCT + 1.810%, 04/01/40 (a)		605		595
4.641%, 6M RFUCCT + 1.570%, 11/01/35 (a)		22,797		22,877
4.643%, 1Y H15 + 2.431%, 04/01/36 (a)		1,391		1,360
4.662%, 6M RFUCCT + 1.790%, 06/01/28 (a)		714		703
4.665%, 6M RFUCCT + 1.415%, 06/01/32 (a)		6,486		6,352
4.709%, 6M RFUCCT + 1.399%, 03/01/35 (a)		9,298		9,203
4.758%, 6M RFUCCT + 1.635%, 03/01/37 (a)		1,374		1,384
4.764%, 1Y H15 + 1.895%, 08/01/29 (a)		263		260
4.783%, 1Y H15 + 2.182%, 04/01/27 (a)		13		13
4.783%, 1Y RFUCCT + 1.615%, 01/01/36 (a)		17,829		17,585
4.805%, 1Y H15 + 2.090%, 07/01/33 (a)		13,320		13,195
4.956%, 1Y H15 + 2.178%, 11/01/35 (a)		671,805		679,441
Agency Sponsored Mortgage - Backed—(Continued)
Federal National Mortgage Association
5.000%, 6M RFUCCT + 2.250%, 10/01/33 (a)		15,032		14,761
5.010%, 1Y H15 + 2.010%, 06/01/25 (a)		513		509
5.014%, 1Y RFUCCT + 1.680%, 11/01/36 (a)		505,745		503,659
5.069%, 1Y RFUCCT + 1.905%, 11/01/35 (a)		221,117		224,804
5.105%, 1Y H15 + 2.232%, 09/01/36 (a)		245		240
5.125%, 1Y RFUCCT + 1.750%, 04/01/34 (a)		13,575		13,250
5.185%, 1Y RFUCCT + 1.810%, 04/01/35 (a)		143,753		140,519
5.255%, 1Y H15 + 2.278%, 01/01/32 (a)		444		442
5.364%, 1Y H15 + 2.510%, 07/01/28 (a)		667		658
5.390%, 1Y H15 + 2.360%, 11/01/34 (a)		719,416		734,104
5.481%, 6M RFUCCT + 2.106%, 09/01/33 (a)		17,570		17,203
5.512%, 1Y H15 + 2.468%, 09/01/33 (a)		370		364
5.525%, 6M RFUCCT + 2.275%, 08/01/32 (a)		13,190		12,901
5.583%, 1Y RFUCCT + 1.833%, 08/01/32 (a)		27,627		27,127
5.604%, 1Y H15 + 2.244%, 03/01/38 (a)		3,956		3,920
5.625%, 1Y RFUCCT + 1.375%, 07/01/33 (a)		10,357		10,145
5.641%, 1Y RFUCCT + 1.637%, 05/01/33 (a)		5,561		5,446
5.752%, 1Y RFUCCT + 1.502%, 07/01/33 (a)		23,667		23,299
5.859%, 1Y RFUCCT + 1.690%, 11/01/35 (a)		4,984		4,899
5.895%, 1Y RFUCCT + 1.645%, 09/01/39 (a)		1,541		1,515
5.942%, 1Y RFUCCT + 1.692%, 08/01/37 (a)		2,933		2,920
6.094%, 1Y RFUCCT + 1.844%, 09/01/37 (a)		631		625
6.120%, 6M RFUCCT + 1.620%, 11/01/32 (a)		2,931		2,919
6.150%, 1Y H15 + 2.150%, 08/01/33 (a)		34,831		34,567
6.161%, 1Y H15 + 2.223%, 07/01/35 (a)		5,708		5,732
6.290%, 1Y H15 + 2.290%, 08/01/32 (a)		3,381		3,344
6.386%, 6M RFUCCT + 1.157%, 03/01/28 (a)		1,314		1,311
6.443%, 6M RFUCCT + 1.112%, 11/01/33 (a)		591		588
6.526%, 6M RFUCCT + 1.689%, 04/01/36 (a)		12,403		12,531
6.736%, 6M RFUCCT + 1.430%, 02/01/36 (a)		16,812		16,932
6.847%, 6M RFUCCT + 1.570%, 12/01/34 (a)		15,732		15,890
7.223%, 6M RFUCCT + 1.585%, 03/01/36 (a)		44,170		44,712
Federal National Mortgage Association Connecticut Avenue Securities 8.329%, SOFR30A + 3.014%, 07/25/24 (a)		473,094		477,216
9.429%, SOFR30A + 4.114%, 05/25/25 (a)		770,245		793,353
9.729%, SOFR30A + 4.414%, 02/25/25 (a)		678,982		699,351
10.429%, SOFR30A + 5.114%, 11/25/24 (a)		10,859		10,896
10.429%, SOFR30A + 5.114%, 07/25/25 (a)		690,137		725,431
10.679%, SOFR30A + 5.364%, 10/25/23 (a)		918,168		924,251
12.379%, SOFR30A + 7.064%, 08/25/28 (a)		717,953		753,760
				20,861,578
U.S. Treasury—41.3%
U.S. Treasury Inflation-Indexed Notes  0.125%, 04/15/26 (b)		8,275,547		7,731,171
U.S. Treasury Notes
0.250%, 05/31/25		40,000,000		36,884,375
0.375%, 04/30/25 (c)		5,000,000		4,635,352
0.625%, 10/15/24		25,000,000		23,794,922
1.000%, 12/15/24 (d)		34,000,000		32,285,391
1.250%, 12/31/26		1,642,000		1,470,873
1.500%, 02/15/25		39,000,000		37,046,953
1.625%, 02/15/26		36,500,000		33,810,976

BHFTI-117

Brighthouse Funds Trust I

Brighthouse/Franklin Low Duration Total Return Portfolio

Schedule of Investments as of September 30, 2023 (Unaudited)

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

Security Description	Principal Amount*		Value
U.S. Treasury—(Continued)
U.S. Treasury Notes
2.625%, 04/15/25		34,000,000	$	32,699,766
2.875%, 05/31/25 (c)		35,000,000		33,710,742
2.875%, 11/30/25		36,000,000		34,439,062
4.625%, 06/30/25 (c)		20,000,000		19,828,906
				298,338,489
Total U.S. Treasury & Government Agencies (Cost $324,802,342)				319,200,067
Corporate Bonds & Notes—35.2%
Aerospace/Defense—1.2%
Boeing Co. 2.196%, 02/04/26		2,600,000		2,387,277
General Dynamics Corp. 3.250%, 04/01/25 (c)		3,300,000		3,191,107
RTX Corp. 4.125%, 11/16/28 (c)		2,700,000		2,517,630
TransDigm, Inc. 6.250%, 03/15/26 (144A) (c)		300,000		294,774
				8,390,788
Agriculture—0.7%
Altria Group, Inc. 2.350%, 05/06/25 (c)		2,200,000		2,080,933
Imperial Brands Finance PLC 3.125%, 07/26/24 (144A)		300,000		292,353
4.250%, 07/21/25 (144A)		800,000		770,599
Philip Morris International, Inc. 4.875%, 02/15/28 (c)		900,000		871,898
5.250%, 09/07/28 (c)		900,000		881,297
				4,897,080
Airlines—0.7%
American Airlines, Inc./AAdvantage Loyalty IP Ltd. 5.500%, 04/20/26 (144A)		916,667		895,274
Delta Air Lines, Inc./SkyMiles IP Ltd. 4.500%, 10/20/25 (144A)		3,967,760		3,853,879
United Airlines Pass-Through Trust  4.875%, 01/15/26		129,300		125,172
				4,874,325
Auto Manufacturers—0.3%
Mercedes-Benz Finance North America LLC 4.950%, 03/30/25 (144A)		2,100,000		2,081,858
Banks—11.9%
ABN AMRO Bank NV 6.339%, 5Y H15 + 1.650%, 09/18/27 (a)		600,000		598,496
Bank of America Corp. 3.384%, SOFR + 1.330%, 04/02/26 (a) (c)		2,800,000		2,679,868
Bank of Montreal 4.250%, 09/14/24 (c)		3,000,000		2,948,977
Banks—(Continued)
Bank of New York Mellon 5.224%, SOFR + 0.800%, 11/21/25 (a) (c)		2,300,000		2,279,423
Bank of Nova Scotia 2.951%, 03/11/27 (c)		2,300,000		2,097,883
BNP Paribas SA 2.219%, SOFR + 2.074%, 06/09/26 (144A) (a) (c)		700,000		653,249
2.819%, 3M TSFR + 1.373%, 11/19/25 (144A) (a)		1,500,000		1,440,646
BPCE SA 2.375%, 01/14/25 (144A) (c)		3,000,000		2,842,698
Citigroup, Inc. 3.290%, SOFR + 1.528%, 03/17/26 (a)		1,900,000		1,818,263
4.600%, 03/09/26		4,000,000		3,861,649
Deutsche Bank AG 4.162%, 05/13/25 (c)		2,000,000		1,939,350
Goldman Sachs Group, Inc. 2.640%, SOFR + 1.114%, 02/24/28 (a)		2,000,000		1,783,409
3.750%, 02/25/26 (c)		2,000,000		1,901,257
4.250%, 10/21/25		3,000,000		2,890,994
4.387%, SOFR + 1.510%, 06/15/27 (a) (c)		900,000		866,029
5.700%, 11/01/24 (c)		1,600,000		1,593,886
HSBC Holdings PLC 0.976%, SOFR + 0.708%, 05/24/25 (a)		900,000		867,080
1.645%, SOFR + 1.538%, 04/18/26 (a)		1,500,000		1,394,129
4.180%, SOFR + 1.510%, 12/09/25 (a)		1,900,000		1,848,656
Huntington National Bank 5.699%, SOFR + 1.215%, 11/18/25 (a)		1,700,000		1,661,599
JPMorgan Chase & Co. 2.083%, SOFR + 1.850%, 04/22/26 (a) (c)		5,400,000		5,068,469
3.845%, SOFR + 0.980%, 06/14/25 (a) (c)		1,700,000		1,669,989
3.875%, 09/10/24		2,500,000		2,448,620
KeyBank NA 4.150%, 08/08/25		1,600,000		1,506,735
Manufacturers & Traders Trust Co. 5.400%, 11/21/25 (c)		2,300,000		2,230,367
Mitsubishi UFJ Financial Group, Inc. 5.063%, 1Y H15 + 1.550%, 09/12/25 (a) (c)		3,200,000		3,164,996
Mizuho Financial Group, Inc. 5.778%, 1Y H15 + 1.650%, 07/06/29 (a)		1,400,000		1,380,557
Morgan Stanley 2.188%, SOFR + 1.990%, 04/28/26 (a) (c)		2,900,000		2,724,238
4.350%, 09/08/26		2,200,000		2,097,654
National Bank of Canada 3.750%, SOFR + 1.009%, 06/09/25 (a)		2,300,000		2,256,158
Nordea Bank Abp 4.750%, 09/22/25 (144A) (c)		1,200,000		1,174,889
Santander U.K. Group Holdings PLC 1.673%, SOFR + 0.989%, 06/14/27 (a)		1,800,000		1,574,457
Shinhan Bank Co. Ltd. 1.375%, 10/21/26 (144A)		2,500,000		2,196,331
Societe Generale SA 1.792%, 1Y H15 + 1.000%, 06/09/27 (144A) (a)		1,500,000		1,322,189
2.226%, 1Y H15 + 1.050%, 01/21/26 (144A) (a) (c)		1,700,000		1,600,322
Toronto-Dominion Bank 4.285%, 09/13/24 (c)		4,200,000		4,132,363
Truist Financial Corp. 5.900%, SOFR + 1.626%, 10/28/26 (a) (c)		2,000,000		1,977,929

BHFTI-118

Brighthouse Funds Trust I

Brighthouse/Franklin Low Duration Total Return Portfolio

Schedule of Investments as of September 30, 2023 (Unaudited)

Corporate Bonds & Notes—(Continued)

Security Description	Principal Amount*		Value
Banks—(Continued)
UBS Group AG 4.550%, 04/17/26		1,200,000	$	1,152,545
5.711%, 1Y H15 + 1.550%, 01/12/27 (144A) (a) (c)		1,900,000		1,875,875
Wells Fargo & Co. 2.188%, SOFR + 2.000%, 04/30/26 (a) (c)		2,500,000		2,347,334
4.100%, 06/03/26 (c)		3,000,000		2,849,485
Woori Bank 4.750%, 04/30/24 (144A)		1,200,000		1,188,060
				85,907,103
Beverages—0.6%
Anheuser-Busch Cos. LLC/Anheuser-Busch InBev Worldwide, Inc. 3.650%, 02/01/26 (c)		1,400,000		1,344,504
Anheuser-Busch InBev Worldwide, Inc. 4.750%, 01/23/29 (c)		1,500,000		1,454,347
Coca-Cola Europacific Partners PLC 1.500%, 01/15/27 (144A)		1,600,000		1,399,177
				4,198,028
Biotechnology—0.5%
Amgen, Inc. 5.150%, 03/02/28 (c)		2,300,000		2,262,040
Bio-Rad Laboratories, Inc. 3.300%, 03/15/27		300,000		276,491
Illumina, Inc. 5.800%, 12/12/25 (c)		1,200,000		1,192,251
				3,730,782
Commercial Services—0.1%
Grand Canyon University 4.125%, 10/01/24 (c)		600,000		572,700
Computers—0.2%
Hewlett Packard Enterprise Co. 5.900%, 10/01/24		1,700,000		1,698,620
Cosmetics/Personal Care—0.9%
Estee Lauder Cos., Inc. 4.375%, 05/15/28 (c)		950,000		915,007
Haleon U.S. Capital LLC 3.375%, 03/24/27 (c)		3,400,000		3,154,347
Kenvue, Inc. 5.050%, 03/22/28 (144A) (c)		2,300,000		2,269,549
				6,338,903
Diversified Financial Services—0.6%
AerCap Ireland Capital DAC/AerCap Global Aviation Trust  3.000%, 10/29/28 (c)		1,000,000		857,478
6.100%, 01/15/27 (c)		1,000,000		995,104
Capital One Financial Corp. 3.800%, 01/31/28 (c)		2,500,000		2,254,788
				4,107,370
Electric—2.9%
Berkshire Hathaway Energy Co. 4.050%, 04/15/25		1,700,000		1,655,994
Dominion Energy, Inc. 1.450%, 04/15/26 (c)		2,000,000		1,799,378
DTE Energy Co. 4.875%, 06/01/28 (c)		1,500,000		1,449,659
Electricite de France SA 5.700%, 05/23/28 (144A)		300,000		297,088
Exelon Corp. 3.400%, 04/15/26 (c)		2,000,000		1,894,293
4.050%, 04/15/30 (c)		2,400,000		2,160,024
Florida Power & Light Co. 4.400%, 05/15/28		910,000		877,467
Korea East-West Power Co. Ltd. 1.750%, 05/06/25 (144A)		2,500,000		2,345,248
3.600%, 05/06/25 (144A) (c)		1,600,000		1,544,999
NextEra Energy Capital Holdings, Inc. 5.749%, 09/01/25		1,700,000		1,695,226
6.051%, 03/01/25		900,000		901,362
Southern Co. 3.250%, 07/01/26 (c)		3,000,000		2,812,957
5.500%, 03/15/29 (c)		1,700,000		1,689,256
				21,122,951
Electronics—0.2%
Flex Ltd. 3.750%, 02/01/26		1,300,000		1,235,800
Entertainment—0.0%
Banijay Entertainment 8.125%, 05/01/29 (c)		300,000		297,753
Food—0.1%
Hershey Co. 4.250%, 05/04/28 (c)		900,000		871,588
Healthcare-Products—0.6%
Baxter International, Inc. 1.915%, 02/01/27 (c)		3,000,000		2,645,864
GE HealthCare Technologies, Inc. 5.550%, 11/15/24 (c)		900,000		895,489
5.650%, 11/15/27 (c)		1,000,000		998,359
				4,539,712
Healthcare-Services—0.8%
Centene Corp. 3.375%, 02/15/30 (c)		900,000		750,665
Elevance Health, Inc. 1.500%, 03/15/26 (c)		3,000,000		2,717,071
Quest Diagnostics, Inc. 3.450%, 06/01/26		2,100,000		1,988,326
				5,456,062

BHFTI-119

Brighthouse Funds Trust I

Brighthouse/Franklin Low Duration Total Return Portfolio

Schedule of Investments as of September 30, 2023 (Unaudited)

Corporate Bonds & Notes—(Continued)

Security Description	Principal Amount*		Value
Insurance—2.2%
Alliant Holdings Intermediate LLC/Alliant Holdings Co-Issuer 6.750%, 04/15/28 (144A)		500,000	$	482,527
Corebridge Global Funding 5.900%, 09/19/28 (144A) (c)		1,600,000		1,594,484
GA Global Funding Trust  3.850%, 04/11/25 (144A) (c)		3,800,000		3,650,923
Marsh & McLennan Cos., Inc. 4.375%, 03/15/29		2,600,000		2,465,837
New York Life Global Funding 3.600%, 08/05/25 (144A)		3,200,000		3,092,173
Northwestern Mutual Global Funding 4.900%, 06/12/28 (144A)		1,500,000		1,460,746
Pricoa Global Funding I 5.100%, 05/30/28 (144A) (c)		1,500,000		1,473,541
Protective Life Global Funding 3.218%, 03/28/25 (144A) (c)		1,500,000		1,436,571
				15,656,802
Internet—0.8%
Meta Platforms, Inc. 4.600%, 05/15/28 (c)		3,100,000		3,032,463
Netflix, Inc. 3.625%, 06/15/25 (144A) (c)		800,000		771,848
4.375%, 11/15/26 (c)		700,000		674,898
5.750%, 03/01/24		400,000		398,540
Tencent Holdings Ltd. 1.810%, 01/26/26 (144A)		900,000		825,528
				5,703,277
Lodging—0.3%
Sands China Ltd. 2.550%, 03/08/27		1,200,000		1,041,029
Studio City Finance Ltd. 6.000%, 07/15/25 (144A) (c)		1,000,000		951,700
				1,992,729
Media—1.5%
Charter Communications Operating LLC/Charter Communications Operating Capital 4.908%, 07/23/25 (c)		3,000,000		2,931,457
Comcast Corp. 4.550%, 01/15/29 (c)		2,000,000		1,920,681
DISH DBS Corp. 5.250%, 12/01/26 (144A)		800,000		679,881
Fox Corp. 3.050%, 04/07/25 (c)		1,700,000		1,631,247
TWDC Enterprises 18 Corp. 3.150%, 09/17/25 (c)		3,000,000		2,870,497
Walt Disney Co. 1.750%, 01/13/26 (c)		1,300,000		1,197,283
				11,231,046
Miscellaneous Manufacturing—0.2%
Parker-Hannifin Corp. 3.650%, 06/15/24 (c)		1,600,000		1,575,220
Multi-National—0.2%
Banque Ouest Africaine de Developpement 5.000%, 07/27/27 (144A)		1,300,000		1,151,886
Oil & Gas—1.9%
Aker BP ASA 2.000%, 07/15/26 (144A)		1,010,000		901,411
BP Capital Markets America, Inc. 3.410%, 02/11/26 (c)		2,000,000		1,911,517
3.796%, 09/21/25 (c)		3,200,000		3,102,621
CITGO Petroleum Corp. 6.375%, 06/15/26		1,100,000		1,086,268
Endeavor Energy Resources LP/EER Finance, Inc. 5.750%, 01/30/28 (144A)		900,000		868,467
Equinor ASA 1.750%, 01/22/26 (c)		1,300,000		1,199,778
2.875%, 04/06/25 (c)		4,700,000		4,525,439
Petroleos Mexicanos 6.875%, 10/16/25 (c)		350,000		335,275
				13,930,776
Pharmaceuticals—1.8%
AstraZeneca PLC 0.700%, 04/08/26 (c)		200,000		178,520
Bayer U.S. Finance II LLC 3.875%, 12/15/23 (144A) (c)		3,000,000		2,987,395
Cigna Group 1.250%, 03/15/26 (c)		4,000,000		3,600,372
CVS Health Corp. 4.300%, 03/25/28 (c)		1,600,000		1,514,258
5.000%, 01/30/29 (c)		1,500,000		1,451,103
Pfizer Investment Enterprises Pte. Ltd. 4.450%, 05/19/28 (c)		2,700,000		2,603,111
Teva Pharmaceutical Finance Netherlands III BV 4.750%, 05/09/27 (c)		800,000		734,027
				13,068,786
Pipelines—1.5%
Cheniere Corpus Christi Holdings LLC 5.875%, 03/31/25		2,500,000		2,481,400
Energy Transfer LP 4.050%, 03/15/25 (c)		1,800,000		1,750,361
EnLink Midstream Partners LP 4.850%, 07/15/26 (c)		1,100,000		1,035,604
MPLX LP 4.875%, 12/01/24		2,500,000		2,464,564
Sabine Pass Liquefaction LLC 5.625%, 03/01/25 (c)		1,700,000		1,689,286
5.750%, 05/15/24 (c)		221,000		220,533
Venture Global LNG, Inc. 8.125%, 06/01/28 (144A) (c)		600,000		594,086

BHFTI-120

Brighthouse Funds Trust I

Brighthouse/Franklin Low Duration Total Return Portfolio

Schedule of Investments as of September 30, 2023 (Unaudited)

Corporate Bonds & Notes—(Continued)

Security Description	Principal Amount*		Value
Pipelines—(Continued)
Williams Cos., Inc. 4.000%, 09/15/25 (c)		500,000	$	481,754
				10,717,588
Real Estate Investment Trusts—0.5%
MPT Operating Partnership LP/MPT Finance Corp. 5.000%, 10/15/27 (c)		1,300,000		1,007,400
Prologis LP 4.875%, 06/15/28		2,250,000		2,192,319
Public Storage Operating Co. 5.125%, 01/15/29 (c)		400,000		393,659
				3,593,378
Retail—0.0%
Advance Auto Parts, Inc. 5.900%, 03/09/26 (c)		150,000		144,867
5.950%, 03/09/28		150,000		141,769
KSouth Africa Ltd. 3.000%, 12/31/22 (144A) † (e) (f) (g)		712,186		0
25.000%, 12/31/22 (144A) † (e) (f) (g)		313,720		0
Party City Holdings, Inc. 10.821%, 07/15/25 (144A) (c) (e)		195,885		25,465
				312,101
Semiconductors—0.4%
SK Hynix, Inc. 1.500%, 01/19/26 (144A)		3,400,000		3,054,888
Software—0.1%
Fiserv, Inc. 2.250%, 06/01/27 (c)		1,000,000		887,449
Telecommunications—1.4%
AT&T, Inc. 1.650%, 02/01/28 (c)		2,700,000		2,278,790
2.300%, 06/01/27		400,000		354,179
CommScope Technologies LLC 6.000%, 06/15/25 (144A)		300,000		285,586
Iliad Holding SASU 6.500%, 10/15/26 (144A) (c)		700,000		657,659
Sprint Spectrum Co. LLC/Sprint Spectrum Co. II LLC/Sprint Spectrum Co. III LLC 4.738%, 03/20/25 (144A)		112,500		111,307
T-Mobile USA, Inc. 4.950%, 03/15/28 (c)		3,000,000		2,911,394
Verizon Communications, Inc. 1.450%, 03/20/26 (c)		4,300,000		3,882,474
				10,481,389
Trucking & Leasing—0.1%
DAE Funding LLC 1.550%, 08/01/24 (144A)		600,000		574,581
Total Corporate Bonds & Notes (Cost $269,755,498)				254,253,319
Asset-Backed Securities—7.4%
Security Description	Principal Amount*		Value
Asset-Backed - Credit Card—2.3%
American Express Credit Account Master Trust  3.750%, 08/15/27		5,496,000		5,319,877
BA Credit Card Trust  3.530%, 11/15/27		1,200,000		1,159,631
Capital One Multi-Asset Execution Trust  3.490%, 05/15/27		3,070,000		2,965,872
Chase Issuance Trust  3.970%, 09/15/27		2,047,000		1,988,708
Discover Card Execution Note Trust  3.560%, 07/15/27		5,710,000		5,511,492
				16,945,580
Asset-Backed - Other—5.1%
American Homes 4 Rent Trust  3.467%, 04/17/52 (144A)		2,128,814		2,048,101
Bain Capital Credit CLO Ltd. 6.757%, 3M TSFR + 1.412%, 04/23/31 (144A) (a)		1,000,000		986,005
Carlyle Direct Lending CLO LLC 7.770%, 3M TSFR + 2.462%, 10/15/31 (144A) (a)		1,000,000		968,760
CF Hippolyta Issuer LLC 1.690%, 07/15/60 (144A)		1,142,304		1,037,616
Cook Park CLO Ltd. 6.690%, 3M TSFR + 1.382%, 04/17/30 (144A) (a)		1,500,000		1,473,579
Countrywide Asset-Backed Certificates Trust  6.184%, 1M TSFR + 0.864%, 03/25/34 (a)		28,314		27,691
Dryden 45 Senior Loan Fund  6.970%, 3M TSFR + 1.662%, 10/15/30 (144A) (a)		3,000,000		2,955,951
FirstKey Homes Trust  1.266%, 10/19/37 (144A)		1,405,333		1,275,056
Home Partners of America Trust  2.649%, 01/17/41 (144A)		487,926		411,859
Neuberger Berman CLO XVIII Ltd. 6.995%, 3M TSFR + 1.662%, 10/21/30 (144A) (a)		1,700,000		1,683,785
New Economy Assets Phase 1 Sponsor LLC 1.910%, 10/20/61 (144A)		5,010,000		4,320,110
Octagon 58 Ltd. 7.658%, 3M TSFR + 2.350%, 07/15/37 (144A) (a)		3,000,000		2,936,595
Octagon Investment Partners 28 Ltd. 7.057%, 3M TSFR + 1.712%, 10/24/30 (144A) (a)		2,000,000		1,972,832
Octagon Investment Partners 35 Ltd. 6.688%, 3M TSFR + 1.362%, 01/20/31 (144A) (a)		600,000		594,163
OHA Credit Partners VII Ltd. 6.711%, 3M TSFR + 1.332%, 02/20/34 (144A) (a)		6,398,000		6,356,151
RAAC Trust  6.134%, 1M TSFR + 0.814%, 03/25/34 (a)		45,257		44,397
RR 14 Ltd. 6.690%, 3M TSFR + 1.382%, 04/15/36 (144A) (a)		5,382,000		5,344,111
Voya CLO Ltd. 6.972%, 3M TSFR + 1.662%, 10/18/31 (144A) (a)		2,454,544		2,401,023
				36,837,785
Total Asset-Backed Securities (Cost $55,719,174)				53,783,365

BHFTI-121

Brighthouse Funds Trust I

Brighthouse/Franklin Low Duration Total Return Portfolio

Schedule of Investments as of September 30, 2023 (Unaudited)

Mortgage-Backed Securities—4.8%

Security Description	Principal Amount*		Value
Collateralized Mortgage Obligations—3.4%
Adjustable Rate Mortgage Trust  4.674%, 02/25/35 (a)		636,717	$	617,522
BRAVO Residential Funding Trust  3.500%, 10/25/44 (144A) (a)		1,005,080		935,370
CHL Mortgage Pass-Through Trust  4.525%, 07/25/34 (a)		170,395		156,853
COLT Mortgage Loan Trust  4.301%, 03/25/67 (144A) (a)		957,103		896,431
Credit Suisse First Boston Mortgage Securities Corp. 5.000%, 09/25/19		34,444		19,671
JP Morgan Mortgage Trust  2.500%, 10/25/51 (144A) (a)		4,231,135		3,585,630
2.500%, 04/25/52 (144A) (a)		3,821,939		3,227,202
2.500%, 06/25/52 (144A) (a)		751,178		624,123
Merrill Lynch Mortgage Investors Trust  6.174%, 1M TSFR + 0.854%, 03/25/28 (a)		70,056		64,696
Mill City Mortgage Loan Trust  3.250%, 05/25/62 (144A) (a)		591,452		570,373
3.500%, 04/25/66 (144A) (a)		1,260,343		1,198,076
New York Mortgage Trust  6.109%, 1M TSFR + 0.789%, 02/25/36 (a)		44,109		42,246
OBX Trust  2.500%, 05/25/51 (144A) (a)		2,523,044		2,134,968
2.500%, 10/25/51 (144A) (a)		675,563		568,802
6.084%, 1M TSFR + 0.764%, 06/25/57 (144A) (a)		312,944		296,634
Provident Funding Mortgage Trust  2.500%, 10/25/51 (144A) (a)		2,584,008		2,153,588
PSMC Trust  2.500%, 08/25/51 (144A) (a)		3,906,894		3,328,547
Sequoia Mortgage Trust  6.079%, 1M TSFR + 0.754%, 11/20/34 (a)		111,347		100,752
Towd Point Mortgage Trust  2.750%, 10/25/56 (144A) (a)		207,952		205,630
3.000%, 06/25/58 (144A) (a)		1,412,842		1,265,444
3.750%, 03/25/58 (144A) (a)		357,756		332,863
3.750%, 05/25/58 (144A) (a)		2,045,346		1,935,663
WaMu Mortgage Pass-Through Certificates Trust  5.894%, 1M TSFR + 0.574%, 04/25/45 (a)		457,360		438,530
				24,699,614
Commercial Mortgage-Backed Securities—1.4%
BX Commercial Mortgage Trust  6.147%, 1M TSFR + 0.814%, 09/15/36 (144A) (a)		1,950,000		1,897,376
BX Mortgage Trust  6.136%, 1M TSFR + 0.804%, 10/15/36 (144A) (a)		2,643,000		2,583,293
BX Trust  6.823%, 1M TSFR + 1.491%, 04/15/37 (144A) (a)		2,631,008		2,610,880
Commercial Mortgage Trust  6.214%, 07/10/38 (a)		357,974		150,349
DBCG Mortgage Trust  8.500%, 06/15/34 (144A) (a)		2,550,000		2,523,219
				9,765,117
Total Mortgage-Backed Securities (Cost $38,531,437)				34,464,731
Floating Rate Loans (h)—2.0%
Security Description	Principal Amount*		Value
Aerospace/Defense—0.1%
Alloy Finco Ltd. Holdco PIK Term Loan, 13.500%, 03/06/25 (i)		508,315		489,571
Airlines—0.1%
United Airlines, Inc. Term Loan B, 9.182%, 1M TSFR + 3.750%, 04/21/28		584,692		588,479
Auto Parts & Equipment—0.1%
First Brands Group LLC Term Loan, 10.881%, 6M TSFR + 5.000%, 03/30/27		428,110		423,650
Beverages—0.0%
Triton Water Holdings, Inc. Term Loan, 8.650%, 3M TSFR + 3.250%, 03/31/28		346,514		339,614
Chemicals—0.0%
INEOS Styrolution U.S. Holding LLC
2021 USD Term Loan B, 8.181%, 1M TSFR + 2.750%, 01/29/26		345,412		344,764
Commercial Services—0.1%
Allied Universal Holdco LLC
USD Incremental Term Loan B, 9.166%, 1M TSFR + 3.750%, 05/12/28		264,772		256,302
Verscend Holding Corp. Term Loan B, 9.431%, 1M TSFR + 4.000%, 08/27/25		232,422		232,804
				489,106
Computers—0.1%
Magenta Buyer LLC
USD 1st Lien Term Loan, 10.631%, 3M TSFR + 5.000%, 07/27/28		206,281		154,858
Peraton Corp. Term Loan B, 9.166%, 1M TSFR + 3.750%, 02/01/28		317,606		317,176
				472,034
Diversified Financial Services—0.1%
Citadel Securities LP
2023 Term Loan B, 7.888%, 3M TSFR + 2.500%, 07/29/30		380,272		379,975
Edelman Financial Center LLC Term Loan B, 8.818%, 1M TSFR + 3.500%, 04/07/28		335,143		332,273
				712,248
Entertainment—0.1%
Bally’s Corp. Term Loan B, 9.099%, 3M TSFR + 3.250%, 10/02/28		528,763		519,383
Scientific Games Holdings LP
USD Term Loan B, 8.768%, 3M TSFR + 3.500%, 04/04/29		269,439		268,222
				787,605
Home Furnishings—0.1%
AI Aqua Merger Sub, Inc.
1st Lien Term Loan B, 9.084%, 1M TSFR + 3.750%, 07/31/28		403,457		399,927

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Schedule of Investments as of September 30, 2023 (Unaudited)

Floating Rate Loans (h)—(Continued)

Security Description	Principal Amount*		Value
Insurance—0.2%
Alliant Holdings Intermediate LLC Term Loan B4, 8.931%, 1M LIBOR + 3.500%, 11/05/27		265,958	$	265,807
AssuredPartners, Inc. Term Loan B, 8.818%, 1M TSFR + 3.500%, 02/12/27		335,786		335,636
Asurion LLC
Second Lien Term Loan B4, 10.681%, 1M TSFR + 5.250%, 01/20/29		544,707		482,577
Sedgwick Claims Management Services, Inc. Term Loan B, 9.066%, 1M TSFR + 3.750%, 02/24/28		224,180		223,935
				1,307,955
Machinery-Diversified—0.1%
Vertical U.S. Newco, Inc. Term Loan B, 9.381%, 6M TSFR + 3.500%, 07/30/27		375,350		374,959
Media—0.2%
CSC Holdings LLC
2022 Term Loan B6, 9.832%, 1M TSFR + 4.500%, 01/18/28		353,997		335,855
Gray Television, Inc. Term Loan D, 8.444%, 1M TSFR + 3.000%, 12/01/28		294,750		287,749
McGraw-Hill Global Education Holdings LLC Term Loan, 9.985%, 1M TSFR + 4.750%, 07/28/28		468,557		459,576
Radiate Holdco LLC Term Loan B, 8.681%, 1M TSFR + 3.250%, 09/25/26		293,273		240,759
Univision Communications, Inc.
First Lien Term Loan B, 8.681%, 1M TSFR + 3.250%, 03/15/26		416,420		416,127
				1,740,066
Metal Fabricate/Hardware—0.0%
Tiger Acquisition LLC Term Loan, 8.666%, 1M TSFR + 3.250%, 06/01/28		335,150		331,631
Office/Business Equipment—0.1%
Pitney Bowes, Inc. Term Loan B, 9.318%, 1M TSFR + 4.000%, 03/17/28		439,658		425,369
Oil & Gas—0.0%
QuarterNorth Energy Holding, Inc.
Exit 2nd Lien Term Loan, 13.431%, 1M TSFR + 8.000%, 08/27/26		360,484		359,808
Pharmaceuticals—0.2%
Gainwell Acquisition Corp. Term Loan B, 9.490%, 3M TSFR + 4.000%, 10/01/27		244,712		239,206
Jazz Financing Lux Sarl
USD Term Loan, 8.931%, 1M TSFR + 3.500%, 05/05/28		579,325		579,767
Organon & Co.
USD Term Loan, 8.442%, 1M TSFR + 3.000%, 06/02/28		344,355		344,441
				1,163,414
Retail—0.1%
General Nutrition Centers, Inc.
2nd Lien Term Loan, 6.250%, 1M LIBOR + 6.000%, 10/07/26		194,089	$	175,655
Great Outdoors Group LLC Term Loan B1, 9.181%, 1M TSFR + 3.750%, 03/06/28		213,337		213,204
Highline Aftermarket Acquisition LLC Term Loan B, 9.818%, 1M TSFR + 4.500%, 11/09/27		247,392		245,227
Michaels Cos., Inc. Term Loan B, 9.902%, 3M TSFR + 4.250%, 04/15/28		224,825		205,940
Staples, Inc.
7 Year Term Loan, 10.634%, 3M TSFR + 5.000%, 04/16/26		303,881		261,053
				1,101,079
Software—0.2%
Ivanti Software, Inc. Term Loan B, 9.758%, 3M TSFR + 4.250%, 12/01/27		284,245		246,583
Navicure, Inc. Term Loan B, 9.431%, 1M TSFR + 4.000%, 10/22/26		250,900		251,488
Polaris Newco LLC
USD Term Loan B, 9.431%, 1M TSFR + 4.000%, 06/02/28		213,288		204,757
Quest Software U.S. Holdings, Inc. Term Loan, 9.769%, 3M TSFR + 4.250%, 02/01/29		443,717		371,137
Rocket Software, Inc. Term Loan, 9.681%, 1M TSFR + 4.250%, 11/28/25		265,938		266,033
				1,339,998
Telecommunications—0.1%
Global Tel*Link Corp.
1st Lien Term Loan, 9.769%, 3M TSFR + 4.250%, 11/29/25		823,218		801,168
GoTo Group, Inc. Term Loan B, 10.269%, 3M TSFR + 4.750%, 08/31/27		296,581		198,616
				999,784
Transportation—0.0%
Kenan Advantage Group, Inc. Term Loan B1, 9.477%, 3M TSFR + 3.750%, 03/24/26		261,983		261,696
Total Floating Rate Loans (Cost $14,882,618)				14,452,757
Municipals—1.6%
City & County Honolulu Wastewater System Revenue 2.233%, 07/01/24		710,000		692,476
Curators of the University of Missouri 2.012%, 11/01/27		2,000,000		1,779,884
Golden State Tobacco Securitization Corp. 3.850%, 06/01/50		1,980,000		1,795,967
Massachusetts State College Building Authority 2.256%, 05/01/26		760,000		703,780
New York State Urban Development Corp. 2.250%, 03/15/26		5,950,000		5,516,171
Texas State University System 2.351%, 03/15/26		1,385,000		1,296,518
Total Municipals (Cost $12,810,613)				11,784,796

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Schedule of Investments as of September 30, 2023 (Unaudited)

Foreign Government—0.8%

Security Description	Shares/ Principal Amount*		Value
Electric—0.1%
Korea Electric Power Corp. 5.375%, 04/06/26 (144A)		800,000	$	795,952
Sovereign—0.7%
Colombia Government International Bond 8.125%, 05/21/24 (c)		1,910,000		1,935,084
Peru Government International Bond 2.783%, 01/23/31		600,000		491,330
Philippines Government International Bond 4.200%, 01/21/24		600,000		596,607
Romania Government International Bond 4.875%, 01/22/24 (144A)		2,300,000		2,292,866
				5,315,887
Total Foreign Government (Cost $6,940,951)				6,111,839
Common Stocks—0.2%
Oil, Gas & Consumable Fuels—0.2%
QuarterNorth Energy Fieldwood (j)		10,939		1,433,018
Retail—0.0%
KSouth Africa Ltd. (f) (g) (j)		8,217,950		0
KSouth Africa Ltd. - Class B (f) (g) (j)		817,800		0
KSouth Africa Ltd./EdCon (f) (g) (j)		40,457		0
				0
Total Common Stocks (Cost $1,683,554)				1,433,018
Escrow Shares—0.0%
Oil & Gas—0.0%
Sanchez Energy Corp. (Cost $1,200,000)		1,200,000		84,000
Short-Term Investment—2.4%
Discount Note—2.4%
Federal Home Loan Bank 2.637%, 10/02/23 (k)		17,030,000		17,030,000
Total Short-Term Investments (Cost $17,027,540)				17,030,000
Securities Lending Reinvestments (l)—12.6%
Certificates of Deposit—2.3%
Bank of America N.A. 5.700%, FEDEFF PRV + 0.370%, 11/17/23 (a)		2,000,000		2,000,270
Bank of Montreal 6.100%, SOFR + 0.790%, 11/08/23 (a)		1,000,000		1,000,643
Barclays Bank PLC 5.720%, SOFR + 0.400%, 02/14/24 (a)		1,000,000		1,000,072
Certificates of Deposit—(Continued)
BNP Paribas SA 5.760%, SOFR + 0.450%, 10/10/23 (a)		2,000,000		1,999,904
Canadian Imperial Bank of Commerce (NY) 5.710%, SOFR + 0.400%, 10/13/23 (a)		2,000,000		2,000,196
Citibank N.A. 5.670%, SOFR + 0.350%, 02/20/24 (a)		2,000,000		2,000,150
Mitsubishi UFJ Trust & Banking Corp.
Zero Coupon, 10/20/23		500,000		498,450
Mizuho Bank Ltd. 5.610%, SOFR + 0.290%, 10/17/23 (a)		2,000,000		2,000,098
Oversea-Chinese Banking Corp. Ltd. 5.550%, SOFR + 0.230%, 11/13/23 (a)		1,000,000		1,000,146
Sumitomo Mitsui Trust Bank Ltd. 5.580%, SOFR + 0.270%, 10/23/23 (a)		1,000,000		1,000,053
Toronto-Dominion Bank 5.730%, FEDEFF PRV + 0.400%, 02/13/24 (a)		1,000,000		1,000,580
5.780%, FEDEFF PRV + 0.450%, 10/13/23 (a)		1,000,000		1,000,095
				16,500,657
Commercial Paper—0.6%
National Australia Bank Ltd. 5.660%, SOFR + 0.350%, 12/05/23 (a)		1,000,000		1,000,220
Skandinaviska Enskilda Banken AB 5.680%, SOFR + 0.360%, 11/15/23 (a)		2,000,000		2,000,540
UBS AG 5.600%, SOFR + 0.280%, 11/27/23 (a)		1,000,000		1,000,000
				4,000,760
Repurchase Agreements—5.5%
Citigroup Global Markets, Inc.
Repurchase Agreement dated 09/29/23 at 5.470%, due on 10/06/23 with a maturity value of $1,601,702; collateralized by U.S. Treasury Obligations with rates ranging from 0.250% - 5.403%, maturity dates ranging from 01/31/24 - 10/31/25, and various Common Stock with an aggregate market value of $1,632,039.		1,600,000		1,600,000
Repurchase Agreement dated 09/29/23 at 5.620%, due on 11/03/23 with a maturity value of $4,021,856; collateralized by U.S. Treasury Obligations with rates ranging from 0.125% - 4.250%, maturity dates ranging from 07/15/25 - 11/30/28, and various Common Stock with an aggregate market value of $4,080,292.		4,000,000		4,000,000
Repurchase Agreement dated 09/29/23 at 5.870%, due on 04/01/24 with a maturity value of $2,060,331; collateralized by U.S. Treasury Obligations with rates ranging from 2.000% - 2.875%, maturity dates ranging from 02/15/25 - 05/15/49, and various Common Stock with an aggregate market value of $2,125,943.		2,000,000		2,000,000
ING Financial Markets LLC Repurchase Agreement dated 09/29/23 at 5.300%, due on 10/02/23 with a maturity value of $16,555,872; collateralized by U.S. Treasury Obligations with rates ranging from 0.000% - 4.500%, maturity dates ranging from 10/12/23 - 02/15/50, and an aggregate market value of $16,879,536.		16,548,563		16,548,563

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Schedule of Investments as of September 30, 2023 (Unaudited)

Securities Lending Reinvestments (l)—(Continued)

Security Description	Shares/ Principal Amount*		Value
Repurchase Agreements—(Continued)
National Bank Financial, Inc. Repurchase Agreement dated 09/29/23 at 5.320%, due on 10/02/23 with a maturity value of $1,500,665; collateralized by U.S. Treasury Obligations with rates ranging from 0.625% - 3.875%, maturity dates ranging from 01/15/26 - 11/15/41, and an aggregate market value of $1,537,169.		1,500,000	$	1,500,000
National Bank of Canada
Repurchase Agreement dated 09/29/23 at 5.320%, due on 10/06/23 with a maturity value of $3,403,517; collateralized by U.S. Treasury Obligations with rates ranging from 0.000% - 4.000%, maturity dates ranging from 10/12/23 - 02/15/32, and an aggregate market value of $3,484,251.		3,400,000		3,400,000
Repurchase Agreement dated 09/29/23 at 5.450%, due on 10/06/23 with a maturity value of $6,006,358; collateralized by various Common Stock with an aggregate market value of $6,695,924.		6,000,000		6,000,000
NBC Global Finance Ltd. Repurchase Agreement dated 09/29/23 at 5.460%, due on 10/02/23 with a maturity value of $2,000,910; collateralized by various Common Stock with an aggregate market value of $2,231,990.		2,000,000		2,000,000
Royal Bank of Canada Toronto Repurchase Agreement dated 09/29/23 at 5.590%, due on 11/03/23 with a maturity value of $2,010,869; collateralized by various Common Stock with an aggregate market value of $2,222,567.		2,000,000		2,000,000
Societe Generale Repurchase Agreement dated 09/29/23 at 5.420%, due on 10/02/23 with a maturity value of $300,136; collateralized by various Common Stock with an aggregate market value of $333,906.		300,000		300,000
TD Prime Services LLC Repurchase Agreement dated 09/29/23 at 5.420%, due on 10/02/23 with a maturity value of $500,226; collateralized by various Common Stock with an aggregate market value of $550,249.		500,000		500,000
				39,848,563
Mutual Funds—4.2%
Allspring Government Money Market Fund, Select Class 5.270% (m)		1,000,000		1,000,000
Dreyfus Treasury Obligations Cash Management Fund, Institutional Class 5.230% (m)		2,000,000		2,000,000
Fidelity Investments Money Market Government Portfolio, Class I 5.230% (m)		2,000,000		2,000,000
Goldman Sachs Financial Square Government Fund, Institutional Shares 5.240% (m)		5,000,000		5,000,000
HSBC U.S. Government Money Market Fund, Class I 5.270% (m)		1,000,000		1,000,000
Morgan Stanley Liquidity Funds Government Portfolio, Institutional Shares 5.270% (m)		3,000,000		3,000,000
Mutual Funds—(Continued)
RBC U.S. Government Money Market Fund, Institutional Shares 5.270% (m)		1,000,000		1,000,000
State Street Institutional U.S. Government Money Market Fund, Premier Class 5.290% (m)		10,000,000		10,000,000
STIT-Government & Agency Portfolio, Institutional Class 5.260% (m)		5,000,000		5,000,000
				30,000,000
Total Securities Lending Reinvestments (Cost $90,347,171)				90,349,980
Total Investments—111.2% (Cost $833,700,898)				802,947,872
Other assets and liabilities (net)—(11.2)%				(80,783,759	)
Net Assets—100.0%			$	722,164,113

*	Principal amount stated in U.S. dollars unless otherwise noted.
†	Restricted securities are not registered under the Securities Act of 1933 and are subject to legal restrictions on resale. These securities generally may be resold in transactions exempt from registration or to the public if the securities are subsequently registered. Disposal of these securities may involve time-consuming negotiations and prompt sale at an acceptable price may be difficult. As of September 30, 2023, the market value of restricted securities was $0, which is 0.0% of net assets. See details shown in the Restricted Securities table that follows.
(a)	Variable or floating rate security. The stated rate represents the rate at September 30, 2023. 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 amount of security is adjusted for inflation.
(c)	All or a portion of the security was held on loan. As of September 30, 2023, the market value of securities loaned was $127,522,016 and the collateral received consisted of cash in the amount of $90,341,447 and non-cash collateral with a value of $41,556,759. The cash collateral investments are disclosed in the Schedule of Investments and categorized as Securities Lending Reinvestments. The non-cash collateral received consists of U.S. government securities that are held in safe-keeping by the lending agent, or a third-party custodian, and cannot be sold or repledged by the Portfolio.
(d)	All or a portion of the security was pledged as collateral against open centrally cleared swap contracts. As of September 30, 2023, the market value of securities pledged was $2,373,926.
(e)	Non-income producing; security is in default and/or issuer is in bankruptcy.
(f)	Security was valued in good faith under procedures subject to oversight by the Board of Trustees. As of September 30, 2023, these securities represent less than 0.05% of net assets.
(g)	Significant unobservable inputs were used in the valuation of this portfolio security; i.e. Level 3.
(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

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Schedule of Investments as of September 30, 2023 (Unaudited)

	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)	Payment-in-kind security for which part of the income earned may be paid as additional principal.
(j)	Non-income producing security.
(k)	The rate shown represents current yield to maturity.
(l)	Represents investment of cash collateral received from securities on loan as of September 30, 2023.
(m)	The rate shown represents the annualized seven-day yield as of September 30, 2023.
(144A)	Securities exempt from registration under Rule 144A of the Securities Act of 1933. These securities may be resold in transactions exempt from registration, normally to qualified institutional buyers. As of September 30, 2023, the market value of 144A securities was $132,951,038, which is 18.4% 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	$	313,720	$	313,720	$	0
KSouth Africa Ltd., 3.000%, 12/31/22		04/15/13-12/31/18		712,186		1,372,248		0
							$	0

Forward Foreign Currency Exchange Contracts

Contracts to Buy		Counterparty	Settlement Date		In Exchange for			Unrealized Appreciation/ (Depreciation)
EUR	778,200	JPMC		02/26/24		USD	849,229	$	(20,650	)
EUR	13,498,000	JPMC		02/26/24		USD	14,283,854		87,977
Contracts to Deliver
EUR	14,295,000	JPMC		02/26/24		USD	15,651,839		431,412
Net Unrealized Appreciation								$	498,739

Securities in the amount of $515,441 have been received at the custodian bank and held as collateral for forward foreign currency exchange contracts.

Futures Contracts

Futures Contracts—Long	Expiration Date		Number of Contracts			Notional Value				Value/ Unrealized Appreciation/ (Depreciation)
U.S. Treasury Note 2 Year Futures		12/29/23		851			USD	172,507,008		$	(403,388	)
Futures Contracts—Short
U.S. Treasury Note 10 Year Futures		12/19/23		(189	)		USD	(20,423,813	)		379,209
U.S. Treasury Note 5 Year Futures		12/29/23		(407	)		USD	(42,881,266	)		230,712
Net Unrealized Appreciation										$	206,533

Swap Agreements

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

Reference Obligation	Fixed Deal (Pay) Rate			Payment Frequency		Maturity Date		Implied Credit Spread at September 30, 2023(b)	Notional Amount(c)			Market Value		Upfront Premiums Paid/(Received)		Unrealized Appreciation/ (Depreciation)
CDX.EM.38		(1.000	%)		Quarterly		12/20/27	2.070%		USD	2,105,000	$	82,259	$	141,874	$	(59,615	)

Centrally Cleared Credit Default Swaps on Credit Indices—Sell Protection (d)

Reference Obligation	Fixed Deal Receive Rate			Payment Frequency		Maturity Date		Implied Credit Spread at September 30, 2023(b)	Notional Amount(c)			Market Value		Upfront Premiums Paid/(Received)		Unrealized Appreciation/ (Depreciation)
CDX.NA.HY.40		5.000	%		Quarterly		06/20/28	4.323%		USD	1,940,000	$	30,407	$	30,822	$	(415	)

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Schedule of Investments as of September 30, 2023 (Unaudited)

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

Reference Obligation	Fixed Deal Receive Rate			Payment Frequency		Maturity Date		Counterparty	Implied Credit Spread at September 30, 2023(b)			Notional Amount(c)			Market Value			Upfront Premium Paid/(Received)			Unrealized Appreciation/ (Depreciation)
Carnival Corp. 6.650%, due 01/15/28		1.000	%		Quarterly		06/20/27	CBNA		4.425	%		USD	1,985,000	$	(256,867	)	$	(268,151	)	$	11,284

OTC Credit Default Swaps on Credit Indices—Sell Protection (d)

Reference Obligation	Fixed Deal Receive Rate			Payment Frequency		Maturity Date		Counterparty	Implied Credit Spread at September 30, 2023 (b)			Notional Amount (c)			Market Value			Upfront Premium Paid/(Received)			Unrealized Appreciation/ (Depreciation)
Bespoke Kenai 0-5% CDX Tranche (e)		0.000	%		Quarterly		12/20/23	CBNA		194.496	%		USD	1,666,875	$	(271,222	)	$	(55,903	)	$	(215,319	)
Bespoke Rotorua 0-5% CDX Tranche (e)		0.000	%		Quarterly		12/20/23	CBNA		189.193	%		USD	2,228,454		(440,317	)		(75,685	)		(364,632	)
Bespoke Rotorua 5-10% CDX Tranche (e)		3.600	%		Quarterly		12/20/23	CBNA		2.854	%		USD	1,800,000		4,073			—			4,073
CDX.NA.HY.31		5.000	%		Quarterly		12/20/23	CBNA		3.605	%		USD	4,500,000		(5,357	)		(36,849	)		31,492
CDX.NA.HY.31		5.000	%		Quarterly		12/20/23	CBNA		3.605	%		USD	8,100,000		(9,643	)		(47,911	)		38,268
CDX.NA.HY.33		5.000	%		Quarterly		12/20/24	CBNA		2.839	%		USD	5,700,000		118,603			(127,897	)		246,500
CDX.NA.IG.31		1.000	%		Quarterly		12/20/23	CBNA		0.123	%		USD	1,800,000		3,511			(11,435	)		14,946
CDX.NA.IG.31		1.000	%		Quarterly		12/20/23	CBNA		0.123	%		USD	400,000		780			(2,730	)		3,510
Totals															$	(599,572	)	$	(358,410	)	$	(241,162	)

(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.

Glossary of Abbreviations

Counterparties

(CBNA)—	Citibank N.A.
(JPMC)—	JPMorgan Chase Bank N.A.

Currencies

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

Index Abbreviations

(CDX.EM)—	Markit Emerging Market CDS Index
(CDX.NA.HY)—	Markit North America High Yield CDS Index
(CDX.NA.IG)—	Markit North America Investment Grade CDS Index
(FEDEFF PRV)—	Effective Federal Funds Rate
(H15)—	U.S. Treasury Yield Curve Rate T-Note Constant Maturity Index
(LIBOR)—	London Interbank Offered Rate
(RFUCCT)—	Refinitiv USD IBOR Consumer Cash Fallbacks Term
(SOFR)—	Secured Overnight Financing Rate
(SOFR30A)—	Secured Overnight Financing Rate 30-Day Average
(TSFR)—	Term Secured Overnight Financing Rate

Other Abbreviations

(CLO)—	Collateralized Loan Obligation
(DAC)—	Designated Activity Company
(REMIC)—	Real Estate Mortgage Investment Conduit
(STACR)—	Structured Agency Credit Risk

BHFTI-127

Brighthouse Funds Trust I

Brighthouse/Franklin Low Duration Total Return Portfolio

Schedule of Investments as of September 30, 2023 (Unaudited)

Fair Value Hierarchy

Accounting principles generally accepted in the United States of America (“GAAP”) define fair market value as the price that the Portfolio would receive to sell an asset or pay to transfer a liability in an orderly transaction between market participants at the measurement date. It establishes a fair value hierarchy that prioritizes inputs to valuation methods and requires disclosure of the fair value hierarchy, separately for each major category of assets and liabilities, that segregates fair value measurements into three levels. Levels 1, 2 and 3 of the fair value hierarchy are defined as follows:

Level 1 - unadjusted quoted prices in active markets for identical investments

Level 2 - other significant observable inputs (including, but not limited to, quoted prices for similar assets or liabilities in markets that are either active or inactive; inputs other than quoted prices that are observable such as interest rates, yield curves, volatilities, prepayment speeds, loss severities, credit risks, default rates, or other market corroborated inputs)

Level 3 - significant unobservable inputs based on the best information available in the circumstances, to the extent observable inputs are unavailable (including the Portfolio’s own assumptions used in determining the fair value of investments and derivative financial instruments)

The inputs or methodologies used for valuing investments are not necessarily an indication of the risk associated with investing in them. Changes to the inputs or methodologies used may result in transfers between levels. A reconciliation of Level 3 securities, if any, will be disclosed following the fair value hierarchy table. For more information about the Portfolio’s policy regarding the valuation of investments, please refer to the Notes to Schedule of Investments.

The following table summarizes the fair value hierarchy of the Portfolio’s investments as of September 30, 2023:

Description	Level 1		Level 2		Level 3		Total
Total U.S. Treasury & Government Agencies*	$	—	$	319,200,067	$	—	$	319,200,067
Corporate Bonds & Notes
Aerospace/Defense		—		8,390,788		—		8,390,788
Agriculture		—		4,897,080		—		4,897,080
Airlines		—		4,874,325		—		4,874,325
Auto Manufacturers		—		2,081,858		—		2,081,858
Banks		—		85,907,103		—		85,907,103
Beverages		—		4,198,028		—		4,198,028
Biotechnology		—		3,730,782		—		3,730,782
Commercial Services		—		572,700		—		572,700
Computers		—		1,698,620		—		1,698,620
Cosmetics/Personal Care		—		6,338,903		—		6,338,903
Diversified Financial Services		—		4,107,370		—		4,107,370
Electric		—		21,122,951		—		21,122,951
Electronics		—		1,235,800		—		1,235,800
Entertainment		—		297,753		—		297,753
Food		—		871,588		—		871,588
Healthcare-Products		—		4,539,712		—		4,539,712
Healthcare-Services		—		5,456,062		—		5,456,062
Insurance		—		15,656,802		—		15,656,802
Internet		—		5,703,277		—		5,703,277
Lodging		—		1,992,729		—		1,992,729
Media		—		11,231,046		—		11,231,046
Miscellaneous Manufacturing		—		1,575,220		—		1,575,220
Multi-National		—		1,151,886		—		1,151,886
Oil & Gas		—		13,930,776		—		13,930,776
Pharmaceuticals		—		13,068,786		—		13,068,786
Pipelines		—		10,717,588		—		10,717,588
Real Estate Investment Trusts		—		3,593,378		—		3,593,378
Retail		—		312,101		0		312,101
Semiconductors		—		3,054,888		—		3,054,888
Software		—		887,449		—		887,449
Telecommunications		—		10,481,389		—		10,481,389
Trucking & Leasing		—		574,581		—		574,581
Total Corporate Bonds & Notes		—		254,253,319		0		254,253,319
Total Asset-Backed Securities*		—		53,783,365		—		53,783,365
Total Mortgage-Backed Securities*		—		34,464,731		—		34,464,731
Total Floating Rate Loans*		—		14,452,757		—		14,452,757
Total Municipals*		—		11,784,796		—		11,784,796
Total Foreign Government*		—		6,111,839		—		6,111,839

BHFTI-128

Brighthouse Funds Trust I

Brighthouse/Franklin Low Duration Total Return Portfolio

Schedule of Investments as of September 30, 2023 (Unaudited)

Fair Value Hierarchy—(Continued)

Description	Level 1			Level 2			Level 3		Total
Common Stocks
Oil, Gas & Consumable Fuels	$	—		$	1,433,018		$	—	$	1,433,018
Retail		—			—			0		0
Total Common Stocks		—			1,433,018			0		1,433,018
Total Escrow Shares*		—			84,000			—		84,000
Total Short-Term Investment*		—			17,030,000			—		17,030,000
Securities Lending Reinvestments
Certificates of Deposit		—			16,500,657			—		16,500,657
Commercial Paper		—			4,000,760			—		4,000,760
Repurchase Agreements		—			39,848,563			—		39,848,563
Mutual Funds		30,000,000			—			—		30,000,000
Total Securities Lending Reinvestments		30,000,000			60,349,980			—		90,349,980
Total Investments	$	30,000,000		$	772,947,872		$	0	$	802,947,872
Collateral for Securities Loaned (Liability)	$	—		$	(90,341,447	)	$	—	$	(90,341,447	)
Forward Contracts
Forward Foreign Currency Exchange Contracts (Unrealized Appreciation)	$	—		$	519,389		$	—	$	519,389
Forward Foreign Currency Exchange Contracts (Unrealized Depreciation)		—			(20,650	)		—		(20,650	)
Total Forward Contracts	$	—		$	498,739		$	—	$	498,739
Futures Contracts
Futures Contracts (Unrealized Appreciation)	$	609,921		$	—		$	—	$	609,921
Futures Contracts (Unrealized Depreciation)		(403,388	)		—			—		(403,388	)
Total Futures Contracts	$	206,533		$	—		$	—	$	206,533
Centrally Cleared Swap Contracts
Centrally Cleared Swap Contracts (Unrealized Depreciation)	$	—		$	(60,030	)	$	—	$	(60,030	)
OTC Swap Contracts
OTC Swap Contracts at Value (Assets)	$	—		$	126,967		$	—	$	126,967
OTC Swap Contracts at Value (Liabilities)		—			(983,406	)		—		(983,406	)
Total OTC Swap Contracts	$	—		$	(856,439	)	$	—	$	(856,439	)

* See Schedule of Investments for additional detailed categorizations.

Level 3 investments at the beginning and/or end of the period in relation to net assets were not significant and accordingly, a reconciliation of Level 3 assets for the period ended September 30, 2023 is not presented.

BHFTI-129

Brighthouse Funds Trust I

Brighthouse/Templeton International Bond Portfolio

Schedule of Investments as of September 30, 2023 (Unaudited)

Foreign Government—83.9% of Net Assets

Security Description	Principal Amount*		Value
Australia—8.9%
New South Wales Treasury Corp.
1.750%, 03/20/34 (AUD)		6,419,000	$	3,002,852
2.000%, 03/08/33 (AUD)		27,953,000		13,899,168
Queensland Treasury Corp.
1.750%, 07/20/34 (144A) (AUD)		15,808,000		7,350,053
2.000%, 08/22/33 (AUD)		17,830,000		8,791,472
Treasury Corp. of Victoria
2.250%, 09/15/33 (AUD)		20,302,000		10,146,276
2.250%, 11/20/34 (AUD)		10,817,000		5,209,231
				48,399,052
Brazil—6.5%
Brazil Notas do Tesouro Nacional
10.000%, 01/01/27 (BRL)		91,060,000		17,698,024
10.000%, 01/01/29 (BRL)		43,635,000		8,460,956
10.000%, 01/01/31 (BRL)		35,111,000		6,497,348
10.000%, 01/01/33 (BRL)		14,645,000		2,657,955
				35,314,283
Colombia—5.9%
Colombia TES
6.000%, 04/28/28 (COP)		6,119,000,000		1,236,919
6.250%, 07/09/36 (COP)		4,082,000,000		642,019
7.000%, 03/26/31 (COP)		9,039,100,000		1,735,612
7.000%, 06/30/32 (COP)		19,600,000,000		3,620,346
7.250%, 10/18/34 (COP)		11,954,000,000		2,130,246
7.500%, 08/26/26 (COP)		8,103,100,000		1,826,721
7.750%, 09/18/30 (COP)		54,694,100,000		11,189,186
9.250%, 05/28/42 (COP)		18,685,000,000		3,640,215
13.250%, 02/09/33 (COP)		22,995,000,000		6,088,278
				32,109,542
Germany—4.7%
Bundesobligation
Zero Coupon, 10/18/24 (EUR)		3,560,000		3,629,518
Bundesrepublik Deutschland Bundesanleihe
6.250%, 01/04/24 (EUR)		3,491,000		3,714,607
Bundesschatzanweisungen
0.400%, 09/13/24 (EUR)		7,724,000		7,925,542
German Treasury Bills
2.525%, 10/18/23 (EUR) (a)		8,309,000		8,770,460
3.756%, 03/20/24 (EUR) (a)		1,594,000		1,656,236
				25,696,363
Ghana—0.4%
Republic of Ghana Government Bonds
8.350%, 3.350% PIK, 02/16/27 (GHS) (b)		6,955,604		337,492
8.500%, 3.500% PIK, 02/15/28 (GHS) (b)		6,960,734		291,441
8.650%, 3.650% PIK, 02/13/29 (GHS) (b)		6,640,373		243,780
8.800%, 3.800% PIK, 02/12/30 (GHS) (b)		6,645,264		217,648
8.950%, 3.950% PIK, 02/11/31 (GHS) (b)		6,418,318		195,408
9.100%, 4.100% PIK, 02/10/32 (GHS) (b)		6,423,039		185,035
9.250%, 4.250% PIK, 02/08/33 (GHS) (b)		6,427,759		177,867
9.400%, 4.400% PIK, 02/07/34 (GHS) (b)		1,858,798		50,021
Ghana —(Continued)
Republic of Ghana Government Bonds
9.550%, 4.550% PIK, 02/06/35 (GHS) (b)		1,860,162	$	49,165
9.700%, 4.700% PIK, 02/05/36 (GHS) (b)		1,861,526		48,699
9.850%, 4.850% PIK, 02/03/37 (GHS) (b)		1,862,890		48,527
10.000%, 5.000% PIK, 02/02/38 (GHS) (b)		1,864,254		48,574
				1,893,657
India—4.7%
India Government Bonds
6.790%, 05/15/27 (INR)		1,349,610,000		15,987,542
7.100%, 04/18/29 (INR)		131,600,000		1,570,751
7.260%, 08/22/32 (INR)		658,300,000		7,897,658
				25,455,951
Indonesia—8.7%
Indonesia Treasury Bonds
6.125%, 05/15/28 (IDR)		10,805,000,000		688,863
6.375%, 08/15/28 (IDR)		10,805,000,000		694,135
6.375%, 04/15/32 (IDR)		26,515,000,000		1,672,118
6.500%, 02/15/31 (IDR)		9,445,000,000		599,181
7.000%, 09/15/30 (IDR)		29,766,000,000		1,947,858
7.000%, 02/15/33 (IDR)		575,334,000,000		37,448,641
8.375%, 03/15/34 (IDR)		56,926,000,000		4,101,434
				47,152,230
Japan—4.5%
Japan Treasury Bills
Zero Coupon, 11/10/23 (JPY) (a)		695,200,000		4,653,048
Zero Coupon, 12/20/23 (JPY) (a)		314,000,000		2,102,015
Zero Coupon, 02/20/24 (JPY) (a)		2,642,300,000		17,691,992
				24,447,055
Malaysia—7.8%
Malaysia Government Bonds
3.478%, 06/14/24 (MYR)		8,500,000		1,813,100
3.502%, 05/31/27 (MYR)		3,400,000		718,411
3.582%, 07/15/32 (MYR)		18,020,000		3,710,793
3.733%, 06/15/28 (MYR)		7,220,000		1,533,798
3.882%, 03/14/25 (MYR)		24,840,000		5,327,592
3.899%, 11/16/27 (MYR)		81,570,000		17,505,150
3.900%, 11/30/26 (MYR)		10,200,000		2,189,132
3.955%, 09/15/25 (MYR)		3,200,000		686,688
4.059%, 09/30/24 (MYR)		16,230,000		3,476,012
4.181%, 07/15/24 (MYR)		14,360,000		3,075,052
4.498%, 04/15/30 (MYR)		10,830,000		2,386,809
				42,422,537
Mexico—9.5%
Mexico Bonos
7.500%, 05/26/33 (MXN)		266,740,000		12,998,056
7.750%, 05/29/31 (MXN)		550,280,000		27,797,389
7.750%, 11/23/34 (MXN)		55,470,000		2,711,927
7.750%, 11/13/42 (MXN)		70,400,000		3,252,720
8.500%, 05/31/29 (MXN)		41,400,000		2,220,622

BHFTI-130

Brighthouse Funds Trust I

Brighthouse/Templeton International Bond Portfolio

Schedule of Investments as of September 30, 2023 (Unaudited)

Foreign Government—(Continued)

Security Description	Principal Amount*		Value
Mexico —(Continued)
Mexico Bonos
8.500%, 11/18/38 (MXN)		32,710,000	$	1,653,697
10.000%, 11/20/36 (MXN)		17,840,000		1,027,508
				51,661,919
Norway—4.2%
Norway Government Bonds
1.500%, 02/19/26 (144A) (NOK)		20,165,000		1,772,965
1.750%, 03/13/25 (144A) (NOK)		33,998,000		3,067,543
3.000%, 03/14/24 (144A) (NOK)		196,347,000		18,243,118
				23,083,626
Panama—2.0%
Panama Government International Bonds
2.252%, 09/29/32		1,050,000		758,897
6.400%, 02/14/35		10,330,000		9,999,766
				10,758,663
Singapore—4.7%
Singapore Government Bonds
2.625%, 08/01/32 (SGD)		19,920,000		13,726,876
2.875%, 09/01/30 (SGD)		3,770,000		2,666,855
3.375%, 09/01/33 (SGD)		12,460,000		9,080,396
				25,474,127
South Korea—8.1%
Korea Treasury Bonds
2.375%, 03/10/27 (KRW)		11,114,000,000		7,833,887
3.125%, 09/10/27 (KRW)		50,373,000,000		36,263,114
				44,097,001
Thailand—3.3%
Bank of Thailand Bond
0.660%, 11/22/23 (THB)		113,580,000		3,111,678
Thailand Government Bonds
0.750%, 09/17/24 (THB)		319,810,000		8,640,613
1.000%, 06/17/27 (THB)		244,740,000		6,314,308
				18,066,599
Total Foreign Government (Cost $500,557,680)				456,032,605
U.S. Treasury & Government Agencies—8.0%
U.S. Treasury—8.0%
U.S. Treasury Notes 1.750%, 12/31/24 (Cost $45,723,177)		45,091,000		43,142,928
Short-Term Investment—7.0%
Security Description	Principal Amount*		Value
Repurchase Agreement—7.0%
Fixed Income Clearing Corp. Repurchase Agreement dated 09/29/23 at 2.500%, due on 10/02/23 with a maturity value of $38,183,864; collateralized by U.S. Treasury Note at 0.750%, maturing 04/30/26, with a market value of $38,939,464.		38,175,911	$	38,175,911
Total Short-Term Investments (Cost $38,175,911)				38,175,911
Total Purchased Options—0.0% (c) (Cost $194,742)				127,917
Total Investments—98.9% (Cost $584,651,510)				537,479,361
Other assets and liabilities (net)—1.1%				5,984,248
Net Assets—100.0%			$	543,463,609

*	Principal and notional amounts stated in U.S. dollars unless otherwise noted.
(a)	The rate shown represents current yield to maturity.
(b)	Payment-in-kind security for which part of the income earned may be paid as additional principal.
(c)	For a breakout of open positions, see details shown in the Purchased Options table that follows.
(144A)	Securities exempt from registration under Rule 144A of the Securities Act of 1933. These securities may be resold in transactions exempt from registration, normally to qualified institutional buyers. As of September 30, 2023, the market value of 144A securities was $30,433,679, which is 5.6% of net assets.

BHFTI-131

Brighthouse Funds Trust I

Brighthouse/Templeton International Bond Portfolio

Schedule of Investments as of September 30, 2023 (Unaudited)

Forward Foreign Currency Exchange Contracts

Contracts to Buy		Counterparty	Settlement Date		In Exchange for			Unrealized Appreciation/ (Depreciation)
AUD	4,390,000	CBNA		11/08/23		USD	2,944,241	$	(118,321	)
AUD	4,390,000	DBAG		11/08/23		USD	2,943,363		(117,443	)
AUD	8,821,000	DBAG		11/22/23		USD	5,867,959		(187,084	)
AUD	8,269,000	JPMC		11/22/23		USD	5,500,952		(175,575	)
CLP	1,631,447,676	JPMC		10/16/23		USD	1,988,722		(154,336	)
INR	102,619,900	HSBC		10/05/23		USD	1,246,900		(11,183	)
INR	113,234,200	JPMC		10/10/23		USD	1,375,687		(12,449	)
INR	768,000,000	HSBC		12/20/23		USD	9,251,897		(35,881	)
INR	314,834,500	JPMC		12/20/23		USD	3,776,534		1,487
INR	102,619,900	HSBC		01/08/24		USD	1,229,835		507
INR	251,201,100	CBNA		03/20/24		USD	3,004,439		(3,315	)
JPY	787,664,730	JPMC		11/21/23		USD	5,468,546		(156,376	)
JPY	2,667,975,460	BOA		12/14/23		USD	18,456,792		(393,064	)
JPY	3,472,722,990	DBAG		12/14/23		USD	24,040,188		(527,857	)
JPY	2,505,000,000	GSBU		12/15/23		USD	18,428,603		(1,465,220	)
JPY	5,514,310,940	BNP		12/20/23		USD	37,867,241		(491,302	)
JPY	785,700,000	MSCS		12/20/23		USD	5,395,884		(70,418	)
JPY	1,508,625,880	BOA		03/21/24		USD	10,574,975		(193,123	)
KRW	3,637,500,000	DBAG		12/20/23		USD	2,755,932		(48,098	)
KRW	45,700,000	HSBC		12/20/23		USD	34,603		(583	)
KRW	14,900,000,000	HSBC		03/20/24		USD	11,248,679		(92,809	)
NZD	4,480,000	BOA		03/20/24		USD	2,656,416		28,285
NZD	5,280,000	CBNA		03/20/24		USD	3,132,033		32,079
NZD	20,030,000	JPMC		03/20/24		USD	11,854,555		148,695
Contracts to Deliver
CLP	1,631,447,676	JPMC		10/16/23		USD	1,993,474		159,089
INR	102,619,900	HSBC		10/05/23		USD	1,235,194		(523	)
MXN	229,278,920	BBP		02/06/24		USD	13,000,000		121,810
Net Unrealized Depreciation								$	(3,763,008	)

Purchased Options

Foreign Currency Options	Strike Price			Counterparty		Expiration Date		Number of Contracts		Notional Amount			Premiums Paid		Market Value		Unrealized Appreciation/ (Depreciation)
MXN Call / USD Put		MXN	16.039		BBP		02/01/24		15,250,000		USD	15,250,000	$	73,657	$	17,629	$	(56,028	)
USD Call / MXN Put		MXN	18.396		BBP		11/01/23		30,500,000		USD	30,500,000		121,085		110,288		(10,797	)
Totals													$	194,742	$	127,917	$	(66,825	)

Written Options

Foreign Currency Options	Strike Price			Counterparty		Expiration Date		Number of Contracts			Notional Amount				Premiums Received			Market Value			Unrealized Appreciation/ (Depreciation)
MXN Call / USD Put		MXN	16.758		BBP		02/01/24		(30,500,000	)		USD	(30,500,000	)	$	(477,020	)	$	(172,203	)	$	304,817

BHFTI-132

Brighthouse Funds Trust I

Brighthouse/Templeton International Bond Portfolio

Schedule of Investments as of September 30, 2023 (Unaudited)

Glossary of Abbreviations

Counterparties

(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
(HSBC)—	HSBC Bank PLC
(JPMC)—	JPMorgan Chase Bank N.A.
(MSCS)—	Morgan Stanley Capital Services LLC

Currencies

(AUD)—	Australian Dollar
(BRL)—	Brazilian Real
(CLP)—	Chilean Peso
(COP)—	Colombian Peso
(EUR)—	Euro
(GHS)—	Ghana Cedi
(IDR)—	Indonesian Rupiah
(INR)—	Indian Rupee
(JPY)—	Japanese Yen
(KRW)—	South Korean Won
(MXN)—	Mexican Peso
(MYR)—	Malaysian Ringgit
(NOK)—	Norwegian Krone
(NZD)—	New Zealand Dollar
(SGD)—	Singapore Dollar
(THB)—	Thai Baht
(USD)—	United States Dollar

Fair Value Hierarchy

Accounting principles generally accepted in the United States of America (“GAAP”) define fair market value as the price that the Portfolio would receive to sell an asset or pay to transfer a liability in an orderly transaction between market participants at the measurement date. It establishes a fair value hierarchy that prioritizes inputs to valuation methods and requires disclosure of the fair value hierarchy, separately for each major category of assets and liabilities, that segregates fair value measurements into three levels. Levels 1, 2 and 3 of the fair value hierarchy are defined as follows:

Level 1 - unadjusted quoted prices in active markets for identical investments

Level 2 - other significant observable inputs (including, but not limited to, quoted prices for similar assets or liabilities in markets that are either active or inactive; inputs other than quoted prices that are observable such as interest rates, yield curves, volatilities, prepayment speeds, loss severities, credit risks, default rates, or other market corroborated inputs)

Level 3 - significant unobservable inputs based on the best information available in the circumstances, to the extent observable inputs are unavailable (including the Portfolio’s own assumptions used in determining the fair value of investments and derivative financial instruments)

The inputs or methodologies used for valuing investments are not necessarily an indication of the risk associated with investing in them. Changes to the inputs or methodologies used may result in transfers between levels. A reconciliation of Level 3 securities, if any, will be disclosed following the fair value hierarchy table. For more information about the Portfolio’s policy regarding the valuation of investments, please refer to the Notes to Schedule of Investments.

The following table summarizes the fair value hierarchy of the Portfolio’s investments as of September 30, 2023:

Description	Level 1		Level 2			Level 3		Total
Total Foreign Government*	$	—	$	456,032,605		$	—	$	456,032,605
Total U.S. Treasury & Government Agencies*		—		43,142,928			—		43,142,928
Total Short-Term Investment*		—		38,175,911			—		38,175,911
Total Purchased Options at Value	$	—	$	127,917		$	—	$	127,917
Total Investments	$	—	$	537,479,361		$	—	$	537,479,361
Forward Contracts
Forward Foreign Currency Exchange Contracts (Unrealized Appreciation)	$	—	$	491,952		$	—	$	491,952
Forward Foreign Currency Exchange Contracts (Unrealized Depreciation)		—		(4,254,960	)		—		(4,254,960	)
Total Forward Contracts	$	—	$	(3,763,008	)	$	—	$	(3,763,008	)
Total Written Options at Value	$	—	$	(172,203	)	$	—	$	(172,203	)

* See Schedule of Investments for additional detailed categorizations.

BHFTI-133

Brighthouse Funds Trust I

Brighthouse/Wellington Large Cap Research Portfolio

Schedule of Investments as of September 30, 2023 (Unaudited)

Common Stocks — 99.5% of Net Assets

Security Description	Shares		Value
Aerospace & Defense — 2.0%
Boeing Co. (a)		44,614	$	8,551,612
General Dynamics Corp.		62,331		13,773,281
Lockheed Martin Corp.		24,527		10,030,562
RTX Corp.		124,317		8,947,094
				41,302,549
Air Freight & Logistics — 0.3%
CH Robinson Worldwide, Inc. (b)		76,638		6,600,831
Automobiles — 0.4%
Ford Motor Co.		161,720		2,008,562
Tesla, Inc. (a)		22,895		5,728,787
				7,737,349
Banks — 2.5%
JPMorgan Chase & Co.		271,596		39,386,852
Wells Fargo & Co.		306,242		12,513,048
				51,899,900
Beverages — 2.3%
Constellation Brands, Inc.—Class A		83,768		21,053,411
Monster Beverage Corp. (a)		515,511		27,296,308
				48,349,719
Biotechnology — 1.6%
Alnylam Pharmaceuticals, Inc. (a)		4,808		851,497
Apellis Pharmaceuticals, Inc. (a)(b)		12,609		479,646
Ascendis Pharma AS (ADR) (a)(b)		10,646		996,891
Biogen, Inc. (a)		13,083		3,362,462
Bridgebio Pharma, Inc. (a)(b)		21,268		560,837
Celldex Therapeutics, Inc. (a)(b)		17,943		493,791
Crinetics Pharmaceuticals, Inc. (a)(b)		21,170		629,596
Cytokinetics, Inc. (a)(b)		58,344		1,718,814
Genmab AS (ADR) (a)		27,077		955,006
Gilead Sciences, Inc.		29,788		2,232,313
Immunocore Holdings PLC (ADR) (a)(b)		12,922		670,652
ImmunoGen, Inc. (a)(b)		48,029		762,220
Karuna Therapeutics, Inc. (a)(b)		9,839		1,663,677
Moderna, Inc. (a)		10,071		1,040,234
Prothena Corp. PLC (a)(b)		5,961		287,618
PTC Therapeutics, Inc. (a)(b)		13,942		312,440
Regeneron Pharmaceuticals, Inc. (a)		6,284		5,171,481
Revolution Medicines, Inc. (a)(b)		25,676		710,712
Roivant Sciences Ltd. (a)(b)		46,407		542,034
Sage Therapeutics, Inc. (a)(b)		42,097		866,356
Sarepta Therapeutics, Inc. (a)(b)		7,281		882,603
United Therapeutics Corp. (a)		4,522		1,021,384
Vaxcyte, Inc. (a)(b)		10,694		545,180
Vertex Pharmaceuticals, Inc. (a)		20,854		7,251,770
				34,009,214
Broadline Retail — 5.1%
Amazon.com, Inc. (a)		825,073		104,883,280
Building Products — 1.0%
Azek Co., Inc. (a)		129,588	$	3,853,947
Builders FirstSource, Inc. (a)		42,963		5,348,464
Fortune Brands Innovations, Inc.		51,027		3,171,838
Johnson Controls International PLC		41,264		2,195,657
Trane Technologies PLC		22,684		4,602,811
Zurn Elkay Water Solutions Corp.—Class C (b)		48,946		1,371,467
				20,544,184
Capital Markets — 3.0%
Ares Management Corp.—Class A		279,223		28,723,670
KKR & Co., Inc.		108,305		6,671,588
S&P Global, Inc.		60,145		21,977,584
Tradeweb Markets, Inc.—Class A		66,128		5,303,466
				62,676,308
Chemicals — 2.5%
Cabot Corp. (b)		122,288		8,470,890
Celanese Corp. (b)		50,413		6,327,840
FMC Corp. (b)		84,023		5,627,020
Ingevity Corp. (a)		52,981		2,522,425
Linde PLC		48,485		18,053,390
Livent Corp. (a)(b)		98,064		1,805,358
PPG Industries, Inc.		68,884		8,941,143
				51,748,066
Commercial Services & Supplies — 0.6%
Clean Harbors, Inc. (a)(b)		35,616		5,960,694
Waste Connections, Inc.		49,339		6,626,227
				12,586,921
Construction & Engineering — 0.3%
Fluor Corp. (a)(b)		189,735		6,963,275
Consumer Finance — 0.5%
American Express Co.		75,435		11,254,148
Consumer Staples Distribution & Retail — 0.7%
Performance Food Group Co. (a)		234,285		13,790,015
Containers & Packaging — 0.1%
Ball Corp. (b)		45,672		2,273,552
Electric Utilities — 2.2%
Edison International		152,041		9,622,675
Exelon Corp.		258,690		9,775,895
NextEra Energy, Inc.		208,572		11,949,090
PG&E Corp. (a)(b)		868,146		14,003,195
				45,350,855
Electrical Equipment — 0.3%
AMETEK, Inc.		17,426		2,574,866
Emerson Electric Co.		30,349		2,930,803
				5,505,669

BHFTI-134

Brighthouse Funds Trust I

Brighthouse/Wellington Large Cap Research Portfolio

Schedule of Investments as of September 30, 2023 (Unaudited)

Common Stocks—(Continued)

Security Description	Shares		Value
Energy Equipment & Services—0.5%
Schlumberger NV		182,704	$	10,651,643
Entertainment—1.4%
Roku, Inc. (a)(b)		111,041		7,838,384
Spotify Technology SA (a)		83,649		12,935,481
Walt Disney Co. (a)(b)		111,771		9,059,040
				29,832,905
Financial Services—5.0%
Berkshire Hathaway, Inc. - Class B (a)		138,871		48,646,511
Block, Inc. (a)		215,861		9,554,008
FleetCor Technologies, Inc. (a)		27,833		7,106,878
Global Payments, Inc.		83,334		9,615,910
PayPal Holdings, Inc. (a)		70,403		4,115,760
Visa, Inc. - Class A (b)		57,814		13,297,798
WEX, Inc. (a)		58,323		10,969,973
				103,306,838
Food Products—0.2%
Lamb Weston Holdings, Inc.		54,270		5,017,804
Gas Utilities—0.4%
Atmos Energy Corp. (b)		81,934		8,679,269
Ground Transportation—1.4%
Knight-Swift Transportation Holdings, Inc. (b)		179,460		8,999,919
Uber Technologies, Inc. (a)		426,469		19,613,309
				28,613,228
Health Care Equipment & Supplies—2.3%
Abbott Laboratories		113,099		10,953,638
Boston Scientific Corp. (a)		232,541		12,278,165
Dexcom, Inc. (a)(b)		74,237		6,926,312
Edwards Lifesciences Corp. (a)		124,248		8,607,901
Insulet Corp. (a)		30,406		4,849,453
Stryker Corp.		16,663		4,553,498
				48,168,967
Health Care Providers & Services—3.8%
Agilon health, Inc. (a)(b)		290,391		5,157,344
Cencora, Inc. (b)		69,129		12,441,146
Centene Corp. (a)		100,536		6,924,920
Elevance Health, Inc.		19,122		8,326,101
HCA Healthcare, Inc.		35,099		8,633,652
Humana, Inc.		26,819		13,047,980
Molina Healthcare, Inc. (a)		34,943		11,457,460
UnitedHealth Group, Inc.		24,160		12,181,231
				78,169,834
Health Care REITs—0.5%
Welltower, Inc. (b)		117,215		9,602,253
Health Care Technology—0.1%
Veeva Systems, Inc. - Class A (a)		12,824		2,609,043
Hotel & Resort REITs—0.4%
Ryman Hospitality Properties, Inc.		98,648	$	8,215,405
Hotels, Restaurants & Leisure—2.3%
Airbnb, Inc. - Class A (a)		151,299		20,759,736
Chipotle Mexican Grill, Inc. (a)		8,703		15,942,416
Hyatt Hotels Corp. - Class A (b)		95,314		10,110,909
				46,813,061
Household Durables—0.6%
DR Horton, Inc.		21,971		2,361,224
Lennar Corp. - Class A		47,732		5,356,962
Skyline Champion Corp. (a)(b)		76,758		4,891,020
				12,609,206
Industrial Conglomerates—0.3%
Honeywell International, Inc.		34,749		6,419,530
Industrial REITs—0.4%
EastGroup Properties, Inc. (b)		46,479		7,740,148
Insurance—2.8%
Arch Capital Group Ltd. (a)		111,219		8,865,267
Assured Guaranty Ltd.		56,964		3,447,461
Chubb Ltd.		55,891		11,635,388
Everest Group Ltd.		14,057		5,224,565
Marsh & McLennan Cos., Inc.		70,026		13,325,948
Progressive Corp.		66,457		9,257,460
Trupanion, Inc. (a)(b)		181,231		5,110,714
				56,866,803
Interactive Media & Services—9.5%
Alphabet, Inc. - Class A (a)		943,777		123,502,658
Bumble, Inc. - Class A (a)(b)		567,115		8,461,356
Meta Platforms, Inc. - Class A (a)		213,984		64,240,137
				196,204,151
IT Services—1.7%
Shopify, Inc. - Class A (a)		331,619		18,096,449
Snowflake, Inc. - Class A (a)		18,515		2,828,536
Squarespace, Inc. - Class A (a)(b)		277,400		8,036,278
VeriSign, Inc. (a)		31,692		6,418,581
				35,379,844
Life Sciences Tools & Services—2.0%
Agilent Technologies, Inc.		66,457		7,431,222
Danaher Corp.		76,977		19,097,993
ICON PLC (a)(b)		37,084		9,131,935
Illumina, Inc. (a)		35,492		4,872,342
				40,533,492
Machinery—1.1%
Caterpillar, Inc.		4,462		1,218,126
Flowserve Corp.		134,019		5,329,935
Fortive Corp.		70,648		5,239,256

BHFTI-135

Brighthouse Funds Trust I

Brighthouse/Wellington Large Cap Research Portfolio

Schedule of Investments as of September 30, 2023 (Unaudited)

Common Stocks—(Continued)

Security Description	Shares		Value
Machinery—(Continued)
Ingersoll Rand, Inc. (b)		43,847	$	2,793,931
Middleby Corp. (a)(b)		39,293		5,029,504
Westinghouse Air Brake Technologies Corp.		28,753		3,055,581
				22,666,333
Media—0.8%
New York Times Co. - Class A		186,631		7,689,197
Omnicom Group, Inc.		118,677		8,839,063
				16,528,260
Oil, Gas & Consumable Fuels—5.0%
BP PLC (ADR)		730,105		28,269,666
ConocoPhillips		137,723		16,499,215
EOG Resources, Inc.		50,766		6,435,098
EQT Corp.		122,900		4,987,282
Marathon Petroleum Corp.		83,424		12,625,388
Shell PLC (ADR) (b)		415,810		26,769,848
Targa Resources Corp.		79,929		6,851,514
				102,438,011
Passenger Airlines—0.3%
Delta Air Lines, Inc.		141,137		5,222,069
Personal Care Products—0.3%
Haleon PLC (ADR)		713,448		5,943,022
Pharmaceuticals—5.3%
AstraZeneca PLC (ADR)		216,151		14,637,746
Elanco Animal Health, Inc. (a)		162,968		1,831,760
Eli Lilly & Co.		69,674		37,423,996
GSK PLC (ADR) (b)		119,749		4,340,901
Merck & Co., Inc.		218,094		22,452,777
Novartis AG (ADR)		56,048		5,709,049
Pfizer, Inc.		485,004		16,087,583
Zoetis, Inc.		37,144		6,462,313
				108,946,125
Professional Services—1.0%
Ceridian HCM Holding, Inc. (a)(b)		132,603		8,997,114
Genpact Ltd. (b)		96,266		3,484,829
Science Applications International Corp.		58,897		6,215,989
TriNet Group, Inc. (a)		10,964		1,277,087
				19,975,019
Real Estate Management & Development—0.1%
CoStar Group, Inc. (a)		34,762		2,672,850
Residential REITs—0.3%
AvalonBay Communities, Inc. (b)		35,201		6,045,420
Semiconductors & Semiconductor Equipment—6.3%
Advanced Micro Devices, Inc. (a)		261,631		26,900,899
First Solar, Inc. (a)		23,767		3,840,510
Semiconductors & Semiconductor Equipment—(Continued)
KLA Corp.		27,075		12,418,219
Marvell Technology, Inc.		159,892		8,654,954
Micron Technology, Inc.		171,514		11,668,097
NVIDIA Corp.		53,729		23,371,578
ON Semiconductor Corp. (a)		111,968		10,407,426
Teradyne, Inc. (b)		81,696		8,207,180
Texas Instruments, Inc.		149,754		23,812,384
				129,281,247
Software—9.9%
Aurora Innovation, Inc. (a)(b)		402,376		945,584
HashiCorp, Inc. - Class A (a)(b)		104,553		2,386,945
HubSpot, Inc. (a)		11,189		5,510,582
Klaviyo, Inc. - Class A (a)(b)		10,100		348,450
Microsoft Corp.		456,681		144,197,026
Palo Alto Networks, Inc. (a)(b)		23,249		5,450,496
Salesforce, Inc. (a)		74,193		15,044,856
ServiceNow, Inc. (a)		25,741		14,388,189
Synopsys, Inc. (a)		18,572		8,523,991
Workday, Inc. - Class A (a)		33,187		7,130,227
				203,926,346
Specialty Retail—2.5%
AutoZone, Inc. (a)		7,731		19,636,663
TJX Cos., Inc.		351,676		31,256,963
				50,893,626
Technology Hardware, Storage & Peripherals—2.7%
Apple, Inc.		320,280		54,835,139
Tobacco—1.7%
Philip Morris International, Inc.		371,094		34,355,883
Trading Companies & Distributors—0.1%
WESCO International, Inc.		11,515		1,656,087
Wireless Telecommunication Services—1.1%
T-Mobile U.S., Inc. (a)(b)		162,554		22,765,688
Total Common Stocks (Cost $1,788,313,050)				2,051,060,384
Short-Term Investment—0.8%
Repurchase Agreement—0.8%
Fixed Income Clearing Corp. Repurchase Agreement dated 09/29/23 at 2.500%, due on 10/02/23 with a maturity value of $16,389,024; collateralized by U.S. Treasury Note at 0.750%, maturing 04/30/26, with a market value of $16,713,362.		16,385,610		16,385,610
Total Short-Term Investments (Cost $16,385,610)				16,385,610

BHFTI-136

Brighthouse Funds Trust I

Brighthouse/Wellington Large Cap Research Portfolio

Schedule of Investments as of September 30, 2023 (Unaudited)

Securities Lending Reinvestments (c)—8.5%

Security Description	Principal Amount*		Value
Certificates of Deposit—2.8%
Bank of America N.A.
5.660%, SOFR + 0.340%, 03/08/24 (d)		2,000,000	$	2,000,170
5.700%, FEDEFF PRV + 0.370%, 11/17/23 (d)		2,000,000		2,000,270
Barclays Bank PLC 5.720%, SOFR + 0.400%, 02/14/24 (d)		4,000,000		4,000,288
BNP Paribas SA 5.760%, SOFR + 0.450%, 10/10/23 (d)		3,000,000		2,999,856
Canadian Imperial Bank of Commerce (NY) 5.690%, SOFR + 0.380%, 12/12/23 (d)		2,000,000		2,000,972
5.710%, SOFR + 0.400%, 10/13/23 (d)		5,000,000		5,000,490
Citibank N.A. 5.670%, SOFR + 0.350%, 02/20/24 (d)		4,000,000		4,000,300
Credit Industriel et Commercial 5.510%, SOFR + 0.200%, 12/01/23 (d)		5,000,000		4,999,560
Mitsubishi UFJ Trust & Banking Corp.
Zero Coupon, 10/20/23		1,000,000		996,900
Zero Coupon, 03/13/24		3,000,000		2,921,340
Mizuho Bank Ltd. 5.610%, SOFR + 0.290%, 10/17/23 (d)		4,000,000		4,000,196
Nordea Bank Abp 5.660%, SOFR + 0.350%, 10/23/23 (d)		4,000,000		4,000,608
Oversea-Chinese Banking Corp. Ltd. 5.550%, SOFR + 0.230%, 11/13/23 (d)		5,000,000		5,000,730
Royal Bank of Canada 5.880%, FEDEFF PRV + 0.550%, 09/20/24 (d)		3,000,000		3,002,310
Svenska Handelsbanken AB 5.660%, SOFR + 0.340%, 10/31/23 (d)		3,000,000		3,000,315
Toronto-Dominion Bank
5.730%, FEDEFF PRV + 0.400%, 02/13/24 (d)		3,000,000		3,001,740
5.780%, FEDEFF PRV + 0.450%, 10/13/23 (d)		4,000,000		4,000,380
				56,926,425
Commercial Paper—0.9%
National Australia Bank Ltd. 5.660%, SOFR + 0.350%, 12/05/23 (d)		5,000,000		5,001,100
Old Line Funding LLC 5.620%, SOFR + 0.300%, 12/28/23 (d)		3,000,000		2,999,997
Skandinaviska Enskilda Banken AB 5.680%, SOFR + 0.360%, 11/15/23 (d)		4,000,000		4,001,080
UBS AG 5.600%, SOFR + 0.280%, 11/27/23 (d)		7,000,000		7,000,000
				19,002,177
Repurchase Agreements—3.8%
Cantor Fitzgerald & Co. Repurchase Agreement dated 09/29/23 at 5.320%, due on 10/02/23 with a maturity value of $5,002,217; collateralized by U.S. Government Agency Obligations with rates ranging from 1.500% - 7.267%, maturity dates ranging from 02/01/24 - 08/20/71, and an aggregate market value of $5,100,000.		5,000,000		5,000,000
Repurchase Agreements—(Continued)
Citigroup Global Markets, Inc.
Repurchase Agreement dated 09/29/23 at 5.470%, due on 10/06/23 with a maturity value of $3,717,145; collateralized by U.S. Treasury Obligations with rates ranging from 0.250% - 5.403%, maturity dates ranging from 01/31/24 - 10/31/25, and various Common Stock with an aggregate market value of $3,787,551.		3,713,196		3,713,196
Repurchase Agreement dated 09/29/23 at 5.870%, due on 04/01/24 with a maturity value of $10,301,653; collateralized by U.S. Treasury Obligations with rates ranging from 2.000% - 2.875%, maturity dates ranging from 02/15/25 - 05/15/49, and various Common Stock with an aggregate market value of $10,629,713.		10,000,000		10,000,000
ING Financial Markets LLC Repurchase Agreement dated 09/29/23 at 5.300%, due on 10/02/23 with a maturity value of $14,238,875; collateralized by U.S. Treasury Obligations with rates ranging from 0.000% - 4.500%, maturity dates ranging from 10/12/23 - 02/15/50, and an aggregate market value of $14,517,242.		14,232,589		14,232,589
National Bank of Canada
Repurchase Agreement dated 09/29/23 at 5.320%, due on 10/06/23 with a maturity value of $6,907,138; collateralized by U.S. Treasury Obligations with rates ranging from 0.000% - 4.000%, maturity dates ranging from 10/12/23 - 02/15/32, and an aggregate market value of $7,070,979.		6,900,000		6,900,000
Repurchase Agreement dated 09/29/23 at 5.450%, due on 10/06/23 with a maturity value of $20,021,194; collateralized by various Common Stock with an aggregate market value of $22,319,747.		20,000,000		20,000,000
NBC Global Finance Ltd. Repurchase Agreement dated 09/29/23 at 5.460%, due on 10/02/23 with a maturity value of $10,004,550; collateralized by various Common Stock with an aggregate market value of $11,159,949.		10,000,000		10,000,000
Royal Bank of Canada Toronto Repurchase Agreement dated 09/29/23 at 5.590%, due on 11/03/23 with a maturity value of $3,016,304; collateralized by various Common Stock with an aggregate market value of $3,333,851.		3,000,000		3,000,000
Societe Generale Repurchase Agreement dated 09/29/23 at 5.420%, due on 10/02/23 with a maturity value of $900,407; collateralized by various Common Stock with an aggregate market value of $1,001,717.		900,000		900,000
TD Prime Services LLC Repurchase Agreement dated 09/29/23 at 5.420%, due on 10/02/23 with a maturity value of $5,002,258; collateralized by various Common Stock with an aggregate market value of $5,502,488.		5,000,000		5,000,000
				78,745,785
Time Deposit—0.4%
National Bank of Canada 5.370%, OBFR + 0.050%, 10/06/23 (d)		8,000,000		8,000,000

BHFTI-137

Brighthouse Funds Trust I

Brighthouse/Wellington Large Cap Research Portfolio

Schedule of Investments as of September 30, 2023 (Unaudited)

Securities Lending Reinvestments (c)—(Continued)

Security Description	Shares		Value
Mutual Funds—0.6%
BlackRock Liquidity Funds FedFund, Institutional Shares 5.230% (e)		2,000,000	$	2,000,000
Dreyfus Treasury Obligations Cash Management Fund, Institutional Class 5.230% (e)		2,000,000		2,000,000
Goldman Sachs Financial Square Government Fund, Institutional Shares 5.240% (e)		75,000		75,000
Morgan Stanley Liquidity Funds Government Portfolio, Institutional Shares 5.270% (e)		2,000,000		2,000,000
State Street Institutional U.S. Government Money Market Fund, Premier Class 5.290% (e)		5,000,000		5,000,000
STIT-Government & Agency Portfolio, Institutional Class 5.260% (e)		1,000,000		1,000,000
				12,075,000
Total Securities Lending Reinvestments (Cost $174,740,308)				174,749,387
Total Investments—108.8% (Cost $1,979,438,968)				2,242,195,381
Other assets and liabilities (net)—(8.8)%				(181,457,175	)
Net Assets—100.0%			$	2,060,738,206

*	Principal amount stated in U.S. dollars unless otherwise noted.
(a)	Non-income producing security.
(b)	All or a portion of the security was held on loan. As of September 30, 2023, the market value of securities loaned was $191,983,190 and the collateral received consisted of cash in the amount of $174,719,803 and non-cash collateral with a value of $21,659,849. The cash collateral investments are disclosed in the Schedule of Investments and categorized as Securities Lending Reinvestments. The non-cash collateral received consists of U.S. government securities that are held in safe-keeping by the lending agent, or a third-party custodian, and cannot be sold or repledged by the Portfolio.
(c)	Represents investment of cash collateral received from securities on loan as of September 30, 2023.
(d)	Variable or floating rate security. The stated rate represents the rate at September 30, 2023. Maturity date shown for callable securities reflects the earliest possible call date. For securities based on a published reference index and spread, the index and spread are indicated in the description above. For certain variable rate securities, the coupon rate is determined by the issuer/agent based on current market conditions. For certain asset- and mortgage-backed securities, the coupon rate may fluctuate based on changes of the underlying collateral or prepayments of principal. These securities do not indicate a reference index and spread in their description above.
(e)	The rate shown represents the annualized seven-day yield as of September 30, 2023.

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
(REIT)—	Real Estate Investment Trust

BHFTI-138

Brighthouse Funds Trust I

Brighthouse/Wellington Large Cap Research Portfolio

Schedule of Investments as of September 30, 2023 (Unaudited)

Fair Value Hierarchy

Accounting principles generally accepted in the United States of America (“GAAP”) define fair market value as the price that the Portfolio would receive to sell an asset or pay to transfer a liability in an orderly transaction between market participants at the measurement date. It establishes a fair value hierarchy that prioritizes inputs to valuation methods and requires disclosure of the fair value hierarchy, separately for each major category of assets and liabilities, that segregates fair value measurements into three levels. Levels 1, 2 and 3 of the fair value hierarchy are defined as follows:

Level 1 - unadjusted quoted prices in active markets for identical investments

Level 2 - other significant observable inputs (including, but not limited to, quoted prices for similar assets or liabilities in markets that are either active or inactive; inputs other than quoted prices that are observable such as interest rates, yield curves, volatilities, prepayment speeds, loss severities, credit risks, default rates, or other market corroborated inputs)

Level 3 - significant unobservable inputs based on the best information available in the circumstances, to the extent observable inputs are unavailable (including the Portfolio’s own assumptions used in determining the fair value of investments and derivative financial instruments)

The inputs or methodologies used for valuing investments are not necessarily an indication of the risk associated with investing in them. Changes to the inputs or methodologies used may result in transfers between levels. A reconciliation of Level 3 securities, if any, will be disclosed following the fair value hierarchy table. For more information about the Portfolio’s policy regarding the valuation of investments, please refer to the Notes to Schedule of Investments.

The following table summarizes the fair value hierarchy of the Portfolio’s investments as of September 30, 2023:

Description	Level 1		Level 2			Level 3		Total
Total Common Stocks*	$	2,051,060,384	$	—		$	—	$	2,051,060,384
Total Short-Term Investment*		—		16,385,610			—		16,385,610
Securities Lending Reinvestments
Certificates of Deposit		—		56,926,425			—		56,926,425
Commercial Paper		—		19,002,177			—		19,002,177
Repurchase Agreements		—		78,745,785			—		78,745,785
Time Deposit		—		8,000,000			—		8,000,000
Mutual Funds		12,075,000		—			—		12,075,000
Total Securities Lending Reinvestments		12,075,000		162,674,387			—		174,749,387
Total Investments	$	2,063,135,384	$	179,059,997		$	—	$	2,242,195,381
Collateral for Securities Loaned (Liability)	$	—	$	(174,719,803	)	$	—	$	(174,719,803	)

* See Schedule of Investments for additional detailed categorizations.

BHFTI-139

Brighthouse Funds Trust I

CBRE Global Real Estate Portfolio

Schedule of Investments as of September 30, 2023 (Unaudited)

Common Stocks—99.1% of Net Assets

Security Description	Shares		Value
Australia—3.9%
Goodman Group (REIT)		968,005	$	13,409,993
Rural Funds Group (REIT)		2,369,789		2,688,673
Scentre Group (REIT)		7,004,183		11,142,355
Stockland (REIT)		2,912,366		7,372,600
				34,613,621
Austria—0.3%
CA Immobilien Anlagen AG		70,884		2,352,545
Belgium—1.7%
Cofinimmo SA (REIT)		50,380		3,457,293
Montea NV (REIT)		39,305		2,794,196
Shurgard Self Storage Ltd. (REIT)		74,760		2,961,277
Warehouses De Pauw CVA (REIT)		249,208		6,142,700
				15,355,466
Canada—2.2%
Boardwalk Real Estate Investment Trust (REIT) (a)		35,972		1,769,401
Chartwell Retirement Residences (a)		593,568		4,492,457
Granite Real Estate Investment Trust (REIT) (a)		68,817		3,652,000
H&R Real Estate Investment Trust (REIT) (a)		642,804		4,368,181
Tricon Residential, Inc. (a)		636,893		4,713,008
				18,995,047
France—3.2%
ICADE (REIT)		82,753		2,726,123
Klepierre SA (REIT)		408,126		9,991,777
Mercialys SA (REIT)		323,456		2,915,062
Unibail-Rodamco-Westfield (REIT) (b)		257,223		12,659,661
				28,292,623
Germany—0.3%
TAG Immobilien AG (b)		268,547		2,819,278
Hong Kong—5.0%
CK Asset Holdings Ltd.		2,434,702		12,806,125
Link REIT (REIT) (a)		4,735,883		23,085,280
Wharf Real Estate Investment Co. Ltd.		2,140,067		8,259,252
				44,150,657
Japan—9.3%
Activia Properties, Inc. (REIT)		2,316		6,390,898
Aeon Mall Co. Ltd. (REIT)		156,700		1,844,853
AEON REIT Investment Corp.		3,085		3,024,032
Daiwa Office Investment Corp. (REIT)		1,219		5,447,370
Invincible Investment Corp. (REIT)		13,678		5,655,034
Japan Hotel REIT Investment Corp. (REIT)		12,587		6,589,853
Japan Metropolitan Fund Invest (REIT)		17,528		11,375,075
Kenedix Office Investment Corp. (REIT)		3,828		8,861,192
LaSalle Logiport (REIT)		11,237		10,805,116
Mitsui Fudosan Co. Ltd.		110,457		2,432,860
Orix JREIT, Inc. (REIT)		9,339		11,209,349
Tokyu Fudosan Holdings Corp. (a)		1,442,068		8,861,793
				82,497,425
Netherlands—0.3%
Eurocommercial Properties NV (REIT)		119,917	$	2,656,331
Singapore—3.5%
CapitaLand Ascendas REIT (REIT)		9,005,690		18,101,549
Frasers Logistics & Commercial Trust (REIT)		11,930,540		9,326,732
Keppel REIT (REIT)		5,766,900		3,604,747
				31,033,028
Spain—0.5%
Merlin Properties Socimi SA (REIT)		486,980		4,087,054
Sweden—1.0%
Catena AB		83,782		2,914,517
Hufvudstaden AB - A Shares		264,572		2,921,787
Pandox AB		287,822		3,052,421
				8,888,725
Switzerland—1.3%
PSP Swiss Property AG		99,702		11,761,171
United Kingdom—4.8%
Grainger PLC		1,831,512		5,212,347
Land Securities Group PLC (REIT)		1,306,757		9,345,147
LondonMetric Property PLC (REIT)		2,113,716		4,422,493
NewRiver REIT PLC (REIT)		3,280,208		3,193,685
Safestore Holdings PLC (REIT)		570,723		5,121,345
Shaftesbury Capital PLC (REIT)		3,444,068		4,797,697
Tritax Big Box REIT PLC (REIT)		2,931,512		4,996,638
UNITE Group PLC (REIT)		500,302		5,451,047
				42,540,399
United States—61.8%
Acadia Realty Trust (REIT) (a)		250,883		3,600,171
Alexandria Real Estate Equities, Inc. (REIT) (a)		181,903		18,208,490
American Tower Corp. (REIT)		25,658		4,219,458
Apartment Income REIT Corp. (REIT) (a)		365,046		11,206,912
AvalonBay Communities, Inc. (REIT)		87,616		15,047,172
Brixmor Property Group, Inc. (REIT)		593,458		12,332,057
Camden Property Trust (REIT)		136,858		12,944,030
CubeSmart (REIT)		522,601		19,926,776
Empire State Realty Trust, Inc. - Class A (REIT) (a)		339,000		2,725,560
EPR Properties (REIT) (a)		188,570		7,833,198
Equinix, Inc. (REIT)		53,214		38,647,200
Essential Properties Realty Trust, Inc. (REIT) (a)		375,443		8,120,832
Essex Property Trust, Inc. (REIT) (a)		136,146		28,875,205
Four Corners Property Trust, Inc. (REIT) (a)		194,904		4,324,920
Healthpeak Properties, Inc. (REIT)		346,584		6,363,282
Hilton Worldwide Holdings, Inc.		61,977		9,307,706
Host Hotels & Resorts, Inc. (REIT) (a)		565,077		9,080,787
Invitation Homes, Inc. (REIT) (a)		1,183,879		37,517,125
Kilroy Realty Corp. (REIT) (a)		173,951		5,498,591
Macerich Co. (REIT) (a)		669,211		7,301,092
Marriott International, Inc. - Class A		42,116		8,278,321
NNN REIT, Inc. (REIT) (a)		230,349		8,140,534
Park Hotels & Resorts, Inc. (REIT) (a)		526,218		6,483,006

BHFTI-140

Brighthouse Funds Trust I

CBRE Global Real Estate Portfolio

Schedule of Investments as of September 30, 2023 (Unaudited)

Common Stocks—(Continued)

Security Description	Shares/ Principal Amount*		Value
United States—(Continued)
Prologis, Inc. (REIT)		255,293	$	28,646,427
Public Storage (REIT) (a)		213,338		56,218,830
Retail Opportunity Investments Corp. (REIT)		313,505		3,881,192
Rexford Industrial Realty, Inc. (REIT) (a)		500,582		24,703,722
SBA Communications Corp. (REIT)		21,805		4,364,707
Simon Property Group, Inc. (REIT)		456,889		49,357,719
SITE Centers Corp. (REIT)		280,575		3,459,490
Spirit Realty Capital, Inc. (REIT) (a)		358,674		12,026,339
Sunstone Hotel Investors, Inc. (REIT) (a)		630,573		5,895,858
Tanger Factory Outlet Centers, Inc. (REIT) (a)		271,022		6,125,097
Ventas, Inc. (REIT)		207,493		8,741,680
Vornado Realty Trust (REIT) (a)		259,147		5,877,454
Welltower, Inc. (REIT) (a)		618,334		50,653,921
				545,934,861
Total Common Stocks (Cost $981,989,124)				875,978,231
Short-Term Investment—0.4%
Repurchase Agreement—0.4%
Fixed Income Clearing Corp. Repurchase Agreement dated 09/29/23 at 2.500%, due on 10/02/23 with a maturity value of $3,715,264; collateralized by U.S. Treasury Note at 0.750%, maturing 04/30/26, with a market value of $3,788,790.		3,714,490		3,714,490
Total Short-Term Investments (Cost $3,714,490)				3,714,490
Securities Lending Reinvestments (c)—13.5%
Certificates of Deposit—2.5%
Bank of America N.A. 5.700%, FEDEFF PRV + 0.370%, 11/17/23 (d)		1,000,000		1,000,135
Bank of Montreal 6.100%, SOFR + 0.790%, 11/08/23 (d)		1,000,000		1,000,643
Bank of Nova Scotia 5.600%, SOFR + 0.290%, 11/20/23 (d)		2,000,000		2,000,150
Barclays Bank PLC 5.720%, SOFR + 0.400%, 02/14/24 (d)		1,000,000		1,000,072
BNP Paribas SA 5.760%, SOFR + 0.450%, 10/10/23 (d)		1,000,000		999,952
Canadian Imperial Bank of Commerce (NY) 5.710%, SOFR + 0.400%, 10/13/23 (d)		1,000,000		1,000,098
Citibank N.A. 5.670%, SOFR + 0.350%, 02/20/24 (d)		2,000,000		2,000,150
Credit Industriel et Commercial 5.510%, SOFR + 0.200%, 12/01/23 (d)		1,000,000		999,912
Mitsubishi UFJ Trust & Banking Corp.
Zero Coupon, 10/19/23		1,000,000		997,050
Zero Coupon, 10/20/23		1,000,000		996,900
Mizuho Bank Ltd. 5.610%, SOFR + 0.290%, 10/17/23 (d)		1,000,000		1,000,049
Nordea Bank Abp 5.660%, SOFR + 0.350%, 10/23/23 (d)		1,000,000		1,000,152
Certificates of Deposit—(Continued)
Oversea-Chinese Banking Corp. Ltd. 5.550%, SOFR + 0.230%, 11/13/23 (d)		1,000,000	$	1,000,146
Royal Bank of Canada 5.880%, FEDEFF PRV + 0.550%, 09/20/24 (d)		1,000,000		1,000,770
Sumitomo Mitsui Banking Corp. 5.770%, SOFR + 0.460%, 01/11/24 (d)		1,000,000		1,000,931
Sumitomo Mitsui Trust Bank, Ltd. 5.580%, SOFR + 0.270%, 10/23/23 (d)		1,000,000		1,000,053
Svenska Handelsbanken AB 5.660%, SOFR + 0.340%, 10/31/23 (d)		1,000,000		1,000,105
Toronto-Dominion Bank
5.730%, FEDEFF PRV + 0.400%, 02/13/24 (d)		1,000,000		1,000,580
5.780%, FEDEFF PRV + 0.450%, 10/13/23 (d)		1,000,000		1,000,095
Wells Fargo Bank N.A. 5.780%, SOFR + 0.470%, 11/09/23 (d)		1,000,000		1,000,360
				21,998,303
Commercial Paper—0.7%
National Australia Bank Ltd. 5.660%, SOFR + 0.350%, 12/05/23 (d)		1,000,000		1,000,220
Old Line Funding LLC 5.620%, SOFR + 0.300%, 12/28/23 (d)		1,000,000		999,999
Skandinaviska Enskilda Banken AB
5.680%, SOFR + 0.360%, 11/15/23 (d)		1,000,000		1,000,270
5.700%, SOFR + 0.380%, 12/15/23 (d)		2,000,000		2,000,800
UBS AG 5.600%, SOFR + 0.280%, 11/27/23 (d)		1,000,000		1,000,000
				6,001,289
Repurchase Agreements—6.9%
Bank of Nova Scotia Repurchase Agreement dated 09/29/23 at 5.450%, due on 10/02/23 with a maturity value of $1,000,454; collateralized by various Common Stock with an aggregate market value of $1,111,952.		1,000,000		1,000,000
Cantor Fitzgerald & Co. Repurchase Agreement dated 09/29/23 at 5.320%, due on 10/02/23 with a maturity value of $14,006,207; collateralized by U.S. Government Agency Obligations with rates ranging from 1.500% - 7.267%, maturity dates ranging from 02/01/24 - 08/20/71, and an aggregate market value of $14,280,000.		14,000,000		14,000,000
Citigroup Global Markets, Inc.
Repurchase Agreement dated 09/29/23 at 5.470%, due on 10/06/23 with a maturity value of $1,401,489; collateralized by U.S. Treasury Obligations with rates ranging from 0.250% - 5.403%, maturity dates ranging from 01/31/24 - 10/31/25, and various Common Stock with an aggregate market value of $1,428,035.		1,400,000		1,400,000
Repurchase Agreement dated 09/29/23 at 5.620%, due on 11/03/23 with a maturity value of $2,010,928; collateralized by U.S. Treasury Obligations with rates ranging from 0.125% - 4.250%, maturity dates ranging from 07/15/25 - 11/30/28, and various Common Stock with an aggregate market value of $2,040,146.		2,000,000		2,000,000

BHFTI-141

Brighthouse Funds Trust I

CBRE Global Real Estate Portfolio

Schedule of Investments as of September 30, 2023 (Unaudited)

Securities Lending Reinvestments (c)—(Continued)

Security Description	Principal Amount*		Value
Repurchase Agreements—(Continued)
Citigroup Global Markets, Inc.
Repurchase Agreement dated 09/29/23 at 5.870%, due on 04/01/24 with a maturity value of $2,060,331; collateralized by U.S. Treasury Obligations with rates ranging from 2.000% - 2.875%, maturity dates ranging from 02/15/25 - 05/15/49, and various Common Stock with an aggregate market value of $2,125,943.		2,000,000	$	2,000,000
ING Financial Markets LLC Repurchase Agreement dated 09/29/23 at 5.300%, due on 10/02/23 with a maturity value of $3,587,193; collateralized by U.S. Treasury Obligations with rates ranging from 0.000% - 4.500%, maturity dates ranging from 10/12/23 - 02/15/50, and an aggregate market value of $3,657,322.		3,585,609		3,585,609
National Bank Financial, Inc. Repurchase Agreement dated 09/29/23 at 5.320%, due on 10/02/23 with a maturity value of $2,000,887; collateralized by U.S. Treasury Obligations with rates ranging from 0.625% - 3.875%, maturity dates ranging from 01/15/26 - 11/15/41, and an aggregate market value of $2,049,559.		2,000,000		2,000,000
National Bank of Canada
Repurchase Agreement dated 09/29/23 at 5.320%, due on 10/06/23 with a maturity value of $3,503,621; collateralized by U.S. Treasury Obligations with rates ranging from 0.000% - 4.000%, maturity dates ranging from 10/12/23 - 02/15/32, and an aggregate market value of $3,586,729.		3,500,000		3,500,000
Repurchase Agreement dated 09/29/23 at 5.450%, due on 10/06/23 with a maturity value of $8,008,478; collateralized by various Common Stock with an aggregate market value of $8,927,899.		8,000,000		8,000,000
Natwest Markets Securities, Inc. Repurchase Agreement dated 09/29/23 at 5.280%, due on 10/02/23 with a maturity value of $20,008,800; collateralized by U.S. Treasury Obligations with rates ranging from 0.375% - 3.875%, maturity dates ranging from 01/31/24 - 08/31/29, and an aggregate market value of $20,408,983.		20,000,000		20,000,000
Societe Generale Repurchase Agreement dated 09/29/23 at 5.420%, due on 10/02/23 with a maturity value of $300,136; collateralized by various Common Stock with an aggregate market value of $333,906.		300,000		300,000
TD Prime Services LLC Repurchase Agreement dated 09/29/23 at 5.420%, due on 10/02/23 with a maturity value of $3,001,355; collateralized by various Common Stock with an aggregate market value of $3,301,493.		3,000,000		3,000,000
				60,785,609
Time Deposits—0.8%
Barclays (NY) 5.330%, 10/02/23		2,000,000		2,000,000
Time Deposits—(Continued)
First Abu Dhabi Bank USA NV 5.320%, 10/02/23		5,000,000		5,000,000
				7,000,000
Mutual Funds—2.6%
Dreyfus Treasury Obligations Cash Management Fund, Institutional Class 5.230% (e)		12,000,000		12,000,000
Morgan Stanley Liquidity Funds Government Portfolio, Institutional Shares 5.270% (e)		1,000,000		1,000,000
State Street Institutional U.S. Government Money Market Fund, Premier Class 5.290% (e)		10,000,000		10,000,000
				23,000,000
Total Securities Lending Reinvestments (Cost $118,780,547)				118,785,201
Total Investments—113.0% (Cost $1,104,484,161)				998,477,922
Other assets and liabilities (net)—(13.0)%				(114,536,254	)
Net Assets—100.0%			$	883,941,668

*	Principal amount stated in U.S. dollars unless otherwise noted.
(a)	All or a portion of the security was held on loan. As of September 30, 2023, the market value of securities loaned was $141,740,927 and the collateral received consisted of cash in the amount of $118,758,767 and non-cash collateral with a value of $27,283,404. The cash collateral investments are disclosed in the Schedule of Investments and categorized as Securities Lending Reinvestments. The non-cash collateral received consists of U.S. government securities that are held in safe-keeping by the lending agent, or a third-party custodian, and cannot be sold or repledged by the Portfolio.
(b)	Non-income producing security.
(c)	Represents investment of cash collateral received from securities on loan as of September 30, 2023.
(d)	Variable or floating rate security. The stated rate represents the rate at September 30, 2023. Maturity date shown for callable securities reflects the earliest possible call date. For securities based on a published reference index and spread, the index and spread are indicated in the description above. For certain variable rate securities, the coupon rate is determined by the issuer/agent based on current market conditions. For certain asset- and mortgage-backed securities, the coupon rate may fluctuate based on changes of the underlying collateral or prepayments of principal. These securities do not indicate a reference index and spread in their description above.
(e)	The rate shown represents the annualized seven-day yield as of September 30, 2023.

Ten Largest Industries as of September 30, 2023 (Unaudited)	% of Net Assets
Retail REIT’s		21.6
Industrial REIT’s		14.4
Self Storage REITs		9.2
Multi-Family Residential REITs		8.5
Health Care REITs		7.8
Office REIT’s		6.6
Real Estate Operating Companies		5.5
Diversified REIT’s		5.1
Data Center REITs		4.4
Single-Family Residential REITs		4.2

BHFTI-142

Brighthouse Funds Trust I

CBRE Global Real Estate Portfolio

Schedule of Investments as of September 30, 2023 (Unaudited)

Glossary of Abbreviations

Index Abbreviations

(FEDEFF PRV)—	Effective Federal Funds Rate
(SOFR)—	Secured Overnight 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 September 30, 2023:

Description	Level 1		Level 2			Level 3		Total
Common Stocks
Australia	$	—	$	34,613,621		$	—	$	34,613,621
Austria		—		2,352,545			—		2,352,545
Belgium		—		15,355,466			—		15,355,466
Canada		18,995,047		—			—		18,995,047
France		—		28,292,623			—		28,292,623
Germany		—		2,819,278			—		2,819,278
Hong Kong		—		44,150,657			—		44,150,657
Japan		—		82,497,425			—		82,497,425
Netherlands		—		2,656,331			—		2,656,331
Singapore		—		31,033,028			—		31,033,028
Spain		—		4,087,054			—		4,087,054
Sweden		—		8,888,725			—		8,888,725
Switzerland		—		11,761,171			—		11,761,171
United Kingdom		—		42,540,399			—		42,540,399
United States		545,934,861		—			—		545,934,861
Total Common Stocks		564,929,908		311,048,323			—		875,978,231
Total Short-Term Investment*		—		3,714,490			—		3,714,490
Securities Lending Reinvestments
Certificates of Deposit		—		21,998,303			—		21,998,303
Commercial Paper		—		6,001,289			—		6,001,289
Repurchase Agreements		—		60,785,609			—		60,785,609
Time Deposits		—		7,000,000			—		7,000,000
Mutual Funds		23,000,000		—			—		23,000,000
Total Securities Lending Reinvestments		23,000,000		95,785,201			—		118,785,201
Total Investments	$	587,929,908	$	410,548,014		$	—	$	998,477,922
Collateral for Securities Loaned (Liability)	$	—	$	(118,758,767	)	$	—	$	(118,758,767	)

* See Schedule of Investments for additional detailed categorizations.

BHFTI-143

Brighthouse Funds Trust I

Harris Oakmark International Portfolio

Schedule of Investments as of September 30, 2023 (Unaudited)

Common Stocks—95.4% of Net Assets

Security Description	Shares		Value
Belgium—1.6%
Anheuser-Busch InBev SA		602,800	$	33,195,069
Canada—1.6%
Open Text Corp.		980,686		34,418,775
China—4.0%
Alibaba Group Holding Ltd. (a)(b)		3,226,400		34,978,677
Prosus NV (a)		1,429,233		42,118,881
Vipshop Holdings Ltd. (a)		496,355		7,946,643
				85,044,201
Denmark—0.8%
DSV AS		90,900		16,946,614
France—15.9%
Accor SA		1,091,080		36,736,807
BNP Paribas SA		1,076,875		68,557,031
Capgemini SE		239,530		41,591,680
Danone SA		495,100		27,277,987
Edenred		330,128		20,626,500
Kering SA		105,600		48,012,298
Publicis Groupe SA		400,851		30,270,942
Valeo		1,569,671		26,889,633
Worldline SA (a)		1,400,600		39,164,013
				339,126,891
Germany—26.4%
adidas AG		164,107		28,893,316
Allianz SE		209,100		49,862,293
Bayer AG		1,144,660		54,977,920
Bayerische Motoren Werke (BMW) AG		444,607		45,287,425
Brenntag SE		331,400		25,734,906
Continental AG		707,455		49,983,234
Daimler Truck Holding AG		1,291,813		44,800,704
Fresenius Medical Care AG & Co. KGaA		1,045,500		45,156,194
Fresenius SE & Co. KGaA		1,642,923		51,213,661
Henkel AG & Co. KGaA		383,055		24,189,401
Mercedes-Benz Group AG		854,493		59,517,237
SAP SE		237,285		30,801,019
Siemens AG		238,100		34,134,801
ThyssenKrupp AG		2,428,851		18,548,910
				563,101,021
Indonesia—0.1%
Bank Mandiri Persero Tbk PT		7,794,200		3,038,545
Ireland—1.8%
Ryanair Holdings PLC (ADR) (a)		396,370		38,531,128
Italy—2.7%
Intesa Sanpaolo SpA		22,672,700		58,264,225
Japan—3.5%
Fujitsu Ltd.		247,900		29,167,115
Komatsu Ltd. (b)		801,100		21,649,431
Japan—(Continued)
Recruit Holdings Co. Ltd.		742,200	$	22,855,654
				73,672,200
Luxembourg—1.2%
Eurofins Scientific SE (b)		444,979		25,089,029
Netherlands—2.7%
Akzo Nobel NV		240,900		17,384,436
EXOR NV (b)		441,352		39,122,797
				56,507,233
South Korea—2.0%
NAVER Corp.		287,100		42,843,349
Spain—1.4%
Amadeus IT Group SA		498,500		30,041,452
Sweden—4.1%
Sandvik AB		786,800		14,425,244
SKF AB - B Shares		2,222,899		36,858,483
Volvo AB - B Shares		1,714,573		35,293,883
				86,577,610
Switzerland—8.2%
Cie Financiere Richemont SA - Class A		111,013		13,526,095
Glencore PLC		6,784,965		38,801,907
Holcim AG (a)		518,840		33,219,010
Novartis AG		272,100		27,766,152
Roche Holding AG		100,000		27,276,518
Schindler Holding AG (Participation Certificate)		75,856		15,119,979
Swatch Group AG - Bearer Shares		78,377		20,095,172
				175,804,833
United Kingdom—17.4%
Ashtead Group PLC		327,700		19,918,456
Bunzl PLC		36,800		1,306,129
CNH Industrial NV		4,891,669		59,260,921
Compass Group PLC		647,300		15,769,351
Informa PLC		1,704,100		15,528,373
Liberty Global PLC - Class A (a)		1,423,500		24,370,320
Lloyds Banking Group PLC		148,713,800		80,077,248
Prudential PLC		4,417,162		47,564,536
Reckitt Benckiser Group PLC		305,100		21,561,536
Schroders PLC		8,301,941		41,032,640
Smiths Group PLC		555,909		10,953,474
WPP PLC		3,774,994		33,642,117
				370,985,101
Total Common Stocks (Cost $1,943,619,574)				2,033,187,276
Preferred Stock—1.7%
South Korea—1.7%
Samsung Electronics Co. Ltd. (Cost $46,736,958)		874,800		35,317,994

BHFTI-144

Brighthouse Funds Trust I

Harris Oakmark International Portfolio

Schedule of Investments as of September 30, 2023 (Unaudited)

Short-Term Investment — 2.8%

Security Description	Principal Amount*		Value
Repurchase Agreement—2.8%
Fixed Income Clearing Corp. Repurchase Agreement dated 09/29/23 at 2.500%, due on 10/02/23 with a maturity value of $58,973,541; collateralized by U.S. Treasury Note at 0.750%, maturing 04/30/26, with a market value of $60,140,553.		58,961,257	$	58,961,257
Total Short-Term Investments (Cost $58,961,257)				58,961,257
Securities Lending Reinvestments(c)—1.9%
Repurchase Agreements—0.3%
Cantor Fitzgerald & Co. Repurchase Agreement dated 09/29/23 at 5.320%, due on 10/02/23 with a maturity value of $2,000,887; collateralized by U.S. Government Agency Obligations with rates ranging from 1.500% - 7.267%, maturity dates ranging from 02/01/24 - 08/20/71, and an aggregate market value of $2,040,000.		2,000,000		2,000,000
Citigroup Global Markets, Inc. Repurchase Agreement dated 09/29/23 at 5.470%, due on 10/06/23 with a maturity value of $800,851; collateralized by U.S. Treasury Obligations with rates ranging from 0.250%—5.403%, maturity dates ranging from 01/31/24—10/31/25, and various Common Stock with an aggregate market value of $816,020.		800,000		800,000
ING Financial Markets LLC Repurchase Agreement dated 09/29/23 at 5.300%, due on 10/02/23 with a maturity value of $4,174,875; collateralized by U.S. Treasury Obligations with rates ranging from 0.000% - 4.500%, maturity dates ranging from 10/12/23 - 02/15/50, and an aggregate market value of $4,256,493.		4,173,032		4,173,032
National Bank Financial, Inc. Repurchase Agreement dated 09/29/23 at 5.320%, due on 10/02/23 with a maturity value of $34,963; collateralized by U.S. Treasury Obligations with rates ranging from 0.625% - 3.875%, maturity dates ranging from 01/15/26 - 11/15/41, and an aggregate market value of $35,814.		34,948		34,948
National Bank of Canada Repurchase Agreement dated 09/29/23 at 5.320%, due on 10/06/23 with a maturity value of $35,494; collateralized by U.S. Treasury Obligations with rates ranging from 0.000% - 4.000%, maturity dates ranging from 10/12/23 - 02/15/32, and an aggregate market value of $36,336.		35,457		35,457
Societe Generale Repurchase Agreement dated 09/29/23 at 5.420%, due on 10/02/23 with a maturity value of $8,406; collateralized by various Common Stock with an aggregate market value of $9,352.		8,402		8,402
				7,051,839
Mutual Funds—1.6%
BlackRock Liquidity Funds FedFund, Institutional Shares 5.230% (d)		6,000,000	$	6,000,000
Dreyfus Treasury Obligations Cash Management Fund, Institutional Class 5.230% (d)		6,000,000		6,000,000
Goldman Sachs Financial Square Government Fund, Institutional Shares 5.240% (d)		7,000,000		7,000,000
HSBC U.S. Government Money Market Fund, Class I 5.270% (d)		100,000		100,000
Morgan Stanley Liquidity Funds Government Portfolio, Institutional Shares 5.270% (d)		4,000,000		4,000,000
RBC U.S. Government Money Market Fund, Institutional Shares 5.270% (d)		100,000		100,000
State Street Institutional U.S. Government Money Market Fund, Premier Class 5.290% (d)		6,000,000		6,000,000
STIT-Government & Agency Portfolio, Institutional Class 5.260% (d)		6,000,000		6,000,000
				35,200,000
Total Securities Lending Reinvestments (Cost $42,251,839)				42,251,839
Total Investments—101.8% (Cost $2,091,569,628)				2,169,718,366
Other assets and liabilities (net)—(1.8)%				(38,893,283	)
Net Assets—100.0%			$	2,130,825,083

*	Principal amount stated in U.S. dollars unless otherwise noted.
(a)	Non-income producing security.
(b)	All or a portion of the security was held on loan. As of September 30, 2023, the market value of securities loaned was $43,744,297 and the collateral received consisted of cash in the amount of $42,251,839 and non-cash collateral with a value of $3,679,279. The cash collateral investments are disclosed in the Schedule of Investments and categorized as Securities Lending Reinvestments. The non-cash collateral received consists of U.S. government securities that are held in safe-keeping by the lending agent, or a third- party custodian, and cannot be sold or repledged by the Portfolio.
(c)	Represents investment of cash collateral received from securities on loan as of September 30, 2023.
(d)	The rate shown represents the annualized seven-day yield as of September 30, 2023.

Ten Largest Industries as of September 30, 2023 (Unaudited)	% of Net Assets
Machinery		10.7
Banks		9.8
Textiles, Apparel & Luxury Goods		5.2
Pharmaceuticals		5.2
Automobiles		4.9
Financial Services		4.6
Insurance		4.6
Health Care Providers & Services		4.5
Broadline Retail		4.0
Hotels, Restaurants & Leisure		3.9

BHFTI-145

Brighthouse Funds Trust I

Harris Oakmark International Portfolio

Schedule of Investments as of September 30, 2023 (Unaudited)

Glossary of Abbreviations

Other Abbreviations

(ADR)— American Depositary Receipt

Fair Value Hierarchy

Accounting principles generally accepted in the United States of America (“GAAP”) define fair market value as the price that the Portfolio would receive to sell an asset or pay to transfer a liability in an orderly transaction between market participants at the measurement date. It establishes a fair value hierarchy that prioritizes inputs to valuation methods and requires disclosure of the fair value hierarchy, separately for each major category of assets and liabilities, that segregates fair value measurements into three levels. Levels 1, 2 and 3 of the fair value hierarchy are defined as follows:

Level 1 - unadjusted quoted prices in active markets for identical investments

Level 2 - other significant observable inputs (including, but not limited to, quoted prices for similar assets or liabilities in markets that are either active or inactive; inputs other than quoted prices that are observable such as interest rates, yield curves, volatilities, prepayment speeds, loss severities, credit risks, default rates, or other market corroborated inputs)

Level 3 - significant unobservable inputs based on the best information available in the circumstances, to the extent observable inputs are unavailable (including the Portfolio’s own assumptions used in determining the fair value of investments and derivative financial instruments)

The inputs or methodologies used for valuing investments are not necessarily an indication of the risk associated with investing in them. Changes to the inputs or methodologies used may result in transfers between levels. A reconciliation of Level 3 securities, if any, will be disclosed following the fair value hierarchy table. For more information about the Portfolio’s policy regarding the valuation of investments, please refer to the Notes to Schedule of Investments.

The following table summarizes the fair value hierarchy of the Portfolio’s investments as of September 30, 2023:

Description	Level 1		Level 2			Level 3		Total
Common Stocks
Belgium	$	—	$	33,195,069		$	—	$	33,195,069
Canada		34,418,775		—			—		34,418,775
China		7,946,643		77,097,558			—		85,044,201
Denmark		—		16,946,614			—		16,946,614
France		—		339,126,891			—		339,126,891
Germany		—		563,101,021			—		563,101,021
Indonesia		—		3,038,545			—		3,038,545
Ireland		38,531,128		—			—		38,531,128
Italy		—		58,264,225			—		58,264,225
Japan		—		73,672,200			—		73,672,200
Luxembourg		—		25,089,029			—		25,089,029
Netherlands		—		56,507,233			—		56,507,233
South Korea		—		42,843,349			—		42,843,349
Spain		—		30,041,452			—		30,041,452
Sweden		—		86,577,610			—		86,577,610
Switzerland		—		175,804,833			—		175,804,833
United Kingdom		24,370,320		346,614,781			—		370,985,101
Total Common Stocks		105,266,866		1,927,920,410			—		2,033,187,276
Total Preferred Stock*		—		35,317,994			—		35,317,994
Total Short-Term Investment*		—		58,961,257			—		58,961,257
Securities Lending Reinvestments
Repurchase Agreements		—		7,051,839			—		7,051,839
Mutual Funds		35,200,000		—			—		35,200,000
Total Securities Lending Reinvestments		35,200,000		7,051,839			—		42,251,839
Total Investments	$	140,466,866	$	2,029,251,500		$	—	$	2,169,718,366
Collateral for Securities Loaned (Liability)	$	—	$	(42,251,839	)	$	—	$	(42,251,839	)

* See Schedule of Investments for additional detailed categorizations.

BHFTI-146

Brighthouse Funds Trust I

Invesco Balanced-Risk Allocation Portfolio

Consolidated Schedule of Investments as of September 30, 2023 (Unaudited)

U.S. Treasury & Government Agencies—5.4% of Net Assets

Security Description	Principal Amount*		Value
U.S. Treasury—5.4%
U.S. Treasury Floating Rate Notes 5.328%, 3M USTBMM - 0.075%, 04/30/24 (a)		30,700,000	$	30,690,424
5.440%, 3M USTBMM + 0.037%, 07/31/24 (a)		29,400,000		29,406,423
Total U.S. Treasury & Government Agencies (Cost $60,099,984)				60,096,847
Corporate Bonds & Notes—1.6%
Commercial Services—1.6%
Altoona-Blair County Development Corp. 3.390%, 09/01/38 (144A) (a) (Cost $17,850,008)		17,850,000		17,850,000
Municipals—0.9%
New York State Housing Finance Agency 5.310%, 11/01/46 (a) (Cost $9,800,000)		9,800,000		9,800,000
Short-Term Investments—87.9%
Certificate of Deposit—11.4%
Citibank N.A. 6.000%, 09/20/24		5,000,000		5,000,844
Korea Development Bank 5.610%, SOFR + 0.300%, 11/21/23 (a)		25,000,000		25,005,969
Mizuho Bank Ltd. 5.720%, SOFR + 0.410%, 02/14/24 (a)		10,000,000		10,003,274
MUFG Bank Ltd.
5.740%, SOFR + 0.430%, 11/08/23 (a)		15,000,000		15,004,224
5.760%, SOFR + 0.450%, 01/05/24 (a)		15,500,000		15,509,472
Oversea-Chinese Banking Corp. Ltd. 5.730%, SOFR + 0.420%, 02/01/24 (a)		20,000,000		20,006,755
Sumitomo Mitsui Trust Bank Ltd.
5.580%, 12/04/23		10,000,000		10,001,250
5.600%, 11/27/23		5,000,000		5,000,941
5.600%, SOFR + 0.290%, 10/23/23 (a)		10,000,000		10,000,660
Svenska Handelsbanken AB 5.560%, SOFR + 0.250%, 02/23/24 (a)		10,000,000		9,996,502
				125,529,891
Commercial Paper—51.0%
Anglesea Funding LLC 5.720%, OBFR + 0.400%, 02/21/24 (144A) (a)		15,000,000		15,000,000
Banque et Caisse d’Epargne de l’Etat 5.696%, 02/06/24 (b)		3,375,000		3,307,932
Barclays Bank PLC 5.650%, 02/09/24 (144A) (b)		12,500,000		12,242,451
Britannia Funding Co. LLC 5.486%, 11/06/23 (144A) (b)		10,000,000		9,942,799
Caisse des Depots et Consignations 5.295%, 11/02/23 (b)		20,000,000		19,898,793
CDP Financial, Inc.
5.098%, 10/17/23 (b)		5,500,000		5,485,332
6.120%, SOFR + 0.800%, 11/01/23 (144A) (a)		25,000,000		25,013,648
Commercial Paper—(Continued)
Collateralized Commercial Paper V Co LLC 5.790%, SOFR + 0.480%, 03/01/24 (a)		15,000,000		15,005,040
Dexia Credit Local SA 5.688%, 01/31/24 (144A) (b)		20,000,000		19,620,216
Export Development Canada
4.973%, 11/10/23 (b)		10,000,000		9,937,420
5.216%, 10/24/23 (b)		12,000,000		11,955,742
Fairway Finance Co. LLC 5.798%, 03/19/24 (144A) (b)		10,000,000		9,730,629
FMS Wertmanagement 5.370%, 11/09/23 (b)		33,450,000		33,246,492
Goldman Sachs International
5.508%, 11/27/23 (b)		11,000,000		10,901,965
5.618%, 12/27/23 (b)		15,000,000		14,797,191
Halkin Finance LLC 3.719%, 10/03/23 (144A) (b)		15,000,000		14,991,115
JP Morgan Securities LLC 5.930%, 08/09/24 (144A)		8,000,000		7,961,376
L’Oreal SA
5.351%, 11/21/23 (144A) (b)		8,500,000		8,433,151
5.427%, 12/06/23 (b)		20,500,000		20,291,752
Lexington Parker Capital Co. LLC 5.610%, SOFR + 0.300%, 01/08/24 (144A) (a)		15,000,000		15,001,305
LMA-Americas LLC 5.878%, 04/02/24 (144A) (b)		15,600,000		15,148,318
LVMH Moet Hennessy Louis Vuitton SE 5.226%, 10/25/23 (144A) (b)		20,000,000		19,923,112
LVMH Moet Hennessy Louis Vuitton, Inc. 5.419%, 12/07/23 (b)		15,000,000		14,846,303
Microsoft Corp. 5.251%, 11/03/23 (144A) (b)		29,000,000		28,849,949
Nestle Finance International Ltd. 5.104%, 10/19/23 (b)		20,000,000		19,941,867
Nordea Bank Abp 5.562%, 12/18/23 (b)		10,000,000		9,881,578
Old Line Funding LLC 5.660%, FEDL01 + 0.330%, 11/13/23 (144A) (a)		30,000,000		30,007,890
PACCAR Financial Corp. 4.943%, 10/12/23 (b)		7,000,000		6,986,509
Pacific Life Short Term Funding LLC
3.665%, 10/03/23 (144A) (b)		10,000,000		9,994,099
5.245%, 10/20/23 (b)		14,000,000		13,956,406
5.469%, 11/20/23 (b)		9,200,000		9,128,227
Procter & Gamble Co. 5.384%, 11/28/23 (b)		30,000,000		29,741,000
Sanofi 4.978%, 10/13/23 (b)		6,288,000		6,275,035
Santander U.K. PLC 5.673%, 01/05/24 (b)		10,000,000		9,849,434
Toyota Finance Australia Ltd. 5.590%, 11/20/23 (b)		15,000,000		14,883,455
Toyota Motor Credit Corp. 5.637%, 01/16/24 (b)		14,500,000		14,261,915
Walmart, Inc.
5.217%, 10/30/23 (144A) (b)		20,000,000		19,908,378
5.291%, 11/07/23 (144A) (b)		7,000,000		6,959,634
				563,307,458

BHFTI-147

Brighthouse Funds Trust I

Invesco Balanced-Risk Allocation Portfolio

Consolidated Schedule of Investments as of September 30, 2023 (Unaudited)

Short-Term Investments—(Continued)

Security Description	Shares/ Principal Amount*		Value
Mutual Funds—21.4%
Invesco U.S. Dollar Liquidity Portfolio, Agency Class 5.180% (c) (d)		191,986,777	$	191,986,777
STIT-Government & Agency Portfolio, Institutional Class 5.260% (c) (d)		27,128,987		27,128,987
STIT-Treasury Portfolio, Institutional Class 5.260% (c) (d)		17,316,182		17,316,182
				236,431,946
U.S. Treasury—4.1%
U.S. Treasury Bills
3.560%, 10/03/23 (b)		21,000,000		20,996,931
4.537%, 01/25/24 (b)		24,300,000		23,887,617
				44,884,548
Total Short-Term Investments (Cost $970,300,095)				970,153,843
Total Investments—95.8% (Cost $1,058,050,087)				1,057,900,690
Other assets and liabilities (net)—4.2%				46,570,327
Net Assets—100.0%			$	1,104,471,017

*	Principal amount stated in U.S. dollars unless otherwise noted.
(a)	Variable or floating rate security. The stated rate represents the rate at September 30, 2023. Maturity date shown for callable securities reflects the earliest possible call date. For securities based on a published reference index and spread, the index and spread are indicated in the description above. For certain variable rate securities, the coupon rate is determined by the issuer/agent based on current market conditions. For certain asset- and mortgage-backed securities, the coupon rate may fluctuate based on changes of the underlying collateral or prepayments of principal. These securities do not indicate a reference index and spread in their description above.
(b)	The rate shown represents current yield to maturity.
(c)	The rate shown represents the annualized seven-day yield as of September 30, 2023.
(d)	Affiliated Issuer.
(144A)	Securities exempt from registration under Rule 144A of the Securities Act of 1933. These securities may be resold in transactions exempt from registration, normally to qualified institutional buyers. As of September 30, 2023, the market value of 144A securities was $286,578,070, which is 25.9% of net assets.

Futures Contracts

Futures Contracts—Long	Expiration Date		Number of Contracts		Notional Amount			Value/ Unrealized Appreciation/ (Depreciation)
Australian 10 Year Treasury Bond Futures		12/15/23		973		AUD	108,949,515	$	(1,824,700	)
Brent Crude Oil Futures		11/30/23		217		USD	19,608,120		461,284
Canada Government Bond 10 Year Futures		12/18/23		855		CAD	98,436,150		(1,722,776	)
Euro STOXX 50 Index Futures		12/15/23		1,050		EUR	44,142,000		(810,492	)
Euro-Bund Futures		12/07/23		836		EUR	107,543,040		(2,272,516	)
FTSE 100 Index Futures		12/15/23		485		GBP	37,204,350		634,019
Japanese Government 10 Year Bond Futures		12/13/23		164		JPY	23,773,440,000		(1,220,876	)
MSCI Emerging Markets Index Mini Futures		12/15/23		1,155		USD	55,180,125		(1,704,098	)
New York Harbor ULSD Futures		11/30/23		186		USD	24,668,734		5,949,075
RBOB Gasoline Futures		10/31/23		230		USD	23,179,170		(2,077,785	)
Russell 2000 Index E-Mini Futures		12/15/23		632		USD	56,835,760		(2,406,383	)
S&P 500 Index E-Mini Futures		12/15/23		135		USD	29,197,125		(1,214,876	)
Silver Futures		12/27/23		124		USD	13,919,000		(413,719	)
TOPIX Index Futures		12/07/23		574		JPY	13,336,890,000		(1,288,707	)
U.S. Treasury Long Bond Futures		12/19/23		627		USD	71,340,844		(3,608,408	)
United Kingdom Long Gilt Bond Futures		12/27/23		593		GBP	55,836,880		(211,927	)
WTI Light Sweet Crude Oil Futures		11/20/23		130		USD	11,544,000		598,548
Net Unrealized Depreciation								$	(13,134,337	)

BHFTI-148

Brighthouse Funds Trust I

Invesco Balanced-Risk Allocation Portfolio

Consolidated Schedule of Investments as of September 30, 2023 (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 Premium Paid/ (Received)		Unrealized Appreciation/ (Depreciation)(1)
Pay	0.170%		Monthly	06/20/24	BBP	Barclays Copper Excess Return Index	USD	15,675,641	$	(276,507	)	$	—	$	(276,507	)
Pay	0.190%		Monthly	02/21/24	BBP	Barclays Soybeans Seasonal Excess Return Index	USD	7,860,689		(382,699	)		—		(382,699	)
Pay	0.190%		Monthly	02/21/24	BBP	Barclays Soymeal Seasonal Excess Return Index	USD	6,236,043		(173,368	)		—		(173,368	)
Pay	0.270%		Monthly	02/06/24	CIBC	CIBC Dynamic Roll LME Copper Excess Return Index	USD	22,707,381		(204,173	)		—		(204,173	)
Pay	0.280%		Monthly	02/21/24	CIBC	CIBC Seasonal Enhanced Cotton Index	USD	6,688,386		(48,003	)		—		(48,003	)
Pay	0.260%		Monthly	02/21/24	CIBC	CIBC Seasonally Enhanced Soybean Oil Index	USD	1,251,585		(96,610	)		—		(96,610	)
Pay	0.140%		Monthly	02/21/24	CIBC	CIBC Soymeal Commodity Index	USD	9,371,025		(548,516	)		—		(548,516	)
Pay	0.200%		Monthly	07/03/24	CG	Cargill Coffee Front Index	USD	476,327		(23,692	)		—		(23,692	)
Pay	0.210%		Monthly	08/01/24	CG	Cargill Lean Hogs Index	USD	11,968		(430	)		—		(430	)
Pay	0.210%		Monthly	08/01/24	CG	Cargill Live Cattle Index	USD	21,023		161			—		161
Pay	0.240%		Monthly	02/21/24	CG	Cargill Soybean Oil Index	USD	8,043,034		(844,539	)		—		(844,539	)
Pay	0.200%		Monthly	02/21/24	CG	Cargill Sugar Index 2	USD	13,933,755		5,256			—		5,256
Pay	0.220%		Monthly	07/03/24	CG	Cargill Wheat Index	USD	865,157		(95,893	)		—		(95,893	)
Pay	0.250%		Monthly	02/21/24	GSI	S&P GSCI Soybean Oil Excess Return Index	USD	7,820,468		(636,914	)		—		(636,914	)
Pay	0.140%		Monthly	02/21/24	GSI	S&P GSCI Soybeans Excess Return Strategy Index	USD	4,647,758		(268,124	)		—		(268,124	)
Pay	0.250%		Monthly	02/06/24	JPMC	JPMorgan Contag Gas Oil Excess Return Index	USD	23,355,678		345,251			—		345,251
Pay	0.090%		Monthly	11/01/23	JPMC	S&P GSCI Gold Official Close Index	USD	16,028,189		(654,922	)		—		(654,922	)
Pay	0.300%		Monthly	02/08/24	MBL	Macquarie Dynamic Roll Aluminum Excess Return Index	USD	16,150,665		738,081			—		738,081
Pay	0.170%		Monthly	02/21/24	MBL	Macquarie Soymeal Excess Return Index	USD	9,036,643		(199,370	)		—		(199,370	)
Pay	0.120%		Monthly	02/21/24	MLI	Merrill Lynch Corn Excess Return Strategy Index	USD	4,528,885		—			—		—
Pay	0.180%		Monthly	02/21/24	MLI	Merrill Lynch Cotton Excess Return Strategy Index	USD	6,718,130		—			—		—
Pay	0.120%		Monthly	07/03/24	MLI	Merrill Lynch Gold Excess Return Index	USD	9,621,178		—			—		—
Pay	0.250%		Monthly	06/24/24	MLI	MLCX Natural Gas Excess Return Index	USD	3,597,931		—			—		—
Pay	0.280%		Monthly	09/25/24	MLI	MLCX Aluminum Excess Return Strategy	USD	167,445		8,882			—		8,882
Pay	0.300%		Monthly	07/08/24	MSCS	S&P GSCI Aluminum Dynamic Roll Index	USD	15,970,223		831,427			—		831,427
Pay	0.280%		Monthly	02/21/24	RBC	RBC Enhanced Cotton Excess Return Index	USD	6,381,785		—			—		—
Pay	0.180%		Monthly	02/21/24	RBC	RBC Enhanced Soybean Excess Return Index	USD	7,644,257		—			—		—
Pay	0.200%		Monthly	02/21/24	RBC	RBC Enhanced Sugar Excess Return Index	USD	3,702,617		—			—		—
Totals									$	(2,524,702	)	$	—	$	(2,524,702	)

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

Cash in the amount of $710,000 has been received at the custodian bank and held in a segregated account as collateral for OTC swap contracts.

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)—	Merrill Lynch International
(MSCS)—	Morgan Stanley Capital Services LLC
(RBC)—	Royal Bank of Canada

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

BHFTI-149

Brighthouse Funds Trust I

Invesco Balanced-Risk Allocation Portfolio

Consolidated Schedule of Investments as of September 30, 2023 (Unaudited)

Fair Value Hierarchy

Accounting principles generally accepted in the United States of America (“GAAP”) define fair market value as the price that the Portfolio would receive to sell an asset or pay to transfer a liability in an orderly transaction between market participants at the measurement date. It establishes a fair value hierarchy that prioritizes inputs to valuation methods and requires disclosure of the fair value hierarchy, separately for each major category of assets and liabilities, that segregates fair value measurements into three levels. Levels 1, 2 and 3 of the fair value hierarchy are defined as follows:

Level 1 - unadjusted quoted prices in active markets for identical investments

Level 2 - other significant observable inputs (including, but not limited to, quoted prices for similar assets or liabilities in markets that are either active or inactive; inputs other than quoted prices that are observable such as interest rates, yield curves, volatilities, prepayment speeds, loss severities, credit risks, default rates, or other market corroborated inputs)

Level 3 - significant unobservable inputs based on the best information available in the circumstances, to the extent observable inputs are unavailable (including the Portfolio’s own assumptions used in determining the fair value of investments and derivative financial instruments)

The inputs or methodologies used for valuing investments are not necessarily an indication of the risk associated with investing in them. Changes to the inputs or methodologies used may result in transfers between levels. A reconciliation of Level 3 securities, if any, will be disclosed following the fair value hierarchy table. For more information about the Portfolio’s policy regarding the valuation of investments, please refer to the Notes to Schedule of Investments.

The following table summarizes the fair value hierarchy of the Portfolio’s investments as of September 30, 2023:

Description	Level 1			Level 2			Level 3		Total
Total U.S. Treasury & Government Agencies*	$	—		$	60,096,847		$	—	$	60,096,847
Total Corporate Bonds & Notes*		—			17,850,000			—		17,850,000
Total Municipals*		—			9,800,000			—		9,800,000
Short-Term Investments
Certificate of Deposit		—			125,529,891			—		125,529,891
Commercial Paper		—			563,307,458			—		563,307,458
Mutual Funds		236,431,946			—			—		236,431,946
U.S. Treasury		—			44,884,548			—		44,884,548
Total Short-Term Investments		236,431,946			733,721,897			—		970,153,843
Total Investments	$	236,431,946		$	821,468,744		$	—	$	1,057,900,690
Futures Contracts
Futures Contracts (Unrealized Appreciation)	$	7,642,926		$	—		$	—	$	7,642,926
Futures Contracts (Unrealized Depreciation)		(20,777,263	)		—			—		(20,777,263	)
Total Futures Contracts	$	(13,134,337	)	$	—		$	—	$	(13,134,337	)
OTC Swap Contracts
OTC Swap Contracts at Value (Assets)	$	—		$	1,929,058		$	—	$	1,929,058
OTC Swap Contracts at Value (Liabilities)		—			(4,453,760	)		—		(4,453,760	)
Total OTC Swap Contracts	$	—		$	(2,524,702	)	$	—	$	(2,524,702	)

* See Consolidated Schedule of Investments for additional detailed categorizations.

BHFTI-150

Brighthouse Funds Trust I

Invesco Comstock Portfolio

Schedule of Investments as of September 30, 2023 (Unaudited)

Common Stocks—97.0% of Net Assets

Security Description	Shares		Value
Aerospace & Defense—1.1%
Textron, Inc.		251,636	$	19,662,837
Air Freight & Logistics—2.0%
FedEx Corp.		137,901		36,532,733
Automobiles—1.5%
General Motors Co.		812,348		26,783,114
Banks—11.0%
Bank of America Corp.		1,435,793		39,312,012
Citigroup, Inc.		484,825		19,940,852
Citizens Financial Group, Inc.		616,591		16,524,639
Fifth Third Bancorp		732,643		18,557,847
Huntington Bancshares, Inc.		1,733,275		18,026,060
JPMorgan Chase & Co.		170,009		24,654,705
M&T Bank Corp.		130,210		16,465,055
Wells Fargo & Co.		1,090,775		44,569,067
				198,050,237
Beverages—1.6%
Coca-Cola Co.		189,028		10,581,787
Keurig Dr Pepper, Inc.		562,249		17,750,201
				28,331,988
Biotechnology—0.3%
AbbVie, Inc.		35,044		5,223,659
Broadline Retail—0.8%
eBay, Inc.		337,027		14,859,520
Building Products—1.7%
Johnson Controls International PLC (a)		576,272		30,663,433
Capital Markets—3.5%
Goldman Sachs Group, Inc.		71,041		22,986,737
Morgan Stanley		97,888		7,994,513
State Street Corp.		486,592		32,582,200
				63,563,450
Chemicals—1.3%
CF Industries Holdings, Inc.		270,326		23,177,751
Communications Equipment—3.4%
Cisco Systems, Inc.		692,176		37,211,382
F5, Inc. (b)		149,111		24,027,746
				61,239,128
Consumer Staples Distribution & Retail—0.9%
Sysco Corp.		252,005		16,644,930
Containers & Packaging—1.5%
International Paper Co.		743,534		26,373,151
Electrical Equipment—3.2%
Eaton Corp. PLC		126,452		26,969,683
Emerson Electric Co.		328,397		31,713,298
				58,682,981
Entertainment—1.3%
Walt Disney Co. (b)		187,715		15,214,301
Warner Bros Discovery, Inc. (b)		750,678		8,152,363
				23,366,664
Food Products—1.4%
Kraft Heinz Co. (a)		583,529		19,629,916
Tyson Foods, Inc. - Class A		125,274		6,325,084
				25,955,000
Health Care Equipment & Supplies—3.1%
Baxter International, Inc.		289,856		10,939,165
Becton Dickinson & Co.		67,743		17,513,598
Dentsply Sirona, Inc.		237,353		8,107,978
Medtronic PLC		238,152		18,661,591
				55,222,332
Health Care Providers & Services—6.7%
CVS Health Corp.		432,058		30,166,290
Elevance Health, Inc.		87,375		38,044,822
Henry Schein, Inc. (b)		271,151		20,132,962
Humana, Inc.		33,641		16,367,019
Universal Health Services, Inc. - Class B		130,712		16,434,420
				121,145,513
Hotels, Restaurants & Leisure—2.4%
Booking Holdings, Inc. (b)		2,268		6,994,399
Las Vegas Sands Corp.		440,824		20,207,372
Starbucks Corp.		169,031		15,427,459
				42,629,230
Household Products—1.2%
Kimberly-Clark Corp.		185,431		22,409,336
Industrial Conglomerates—1.2%
General Electric Co.		194,179		21,466,489
Insurance—3.0%
Allstate Corp.		131,383		14,637,380
American International Group, Inc.		663,718		40,221,311
				54,858,691
Interactive Media & Services—4.2%
Alphabet, Inc. - Class A (b)		232,506		30,425,735
Meta Platforms, Inc. - Class A (b)		150,190		45,088,540
				75,514,275

BHFTI-151

Brighthouse Funds Trust I

Invesco Comstock Portfolio

Schedule of Investments as of September 30, 2023 (Unaudited)

Common Stocks—(Continued)

Security Description	Shares		Value
IT Services—2.4%
Cognizant Technology Solutions Corp. - Class A		365,679	$	24,771,095
DXC Technology Co. (b)		878,289		18,294,760
				43,065,855
Machinery—2.9%
Caterpillar, Inc.		105,589		28,825,797
Westinghouse Air Brake Technologies Corp.		230,670		24,513,301
				53,339,098
Media—1.6%
Charter Communications, Inc. - Class A (b)		12,616		5,548,769
Comcast Corp. - Class A		511,629		22,685,630
				28,234,399
Multi-Utilities—1.3%
Dominion Energy, Inc. (a)		526,951		23,538,901
Oil, Gas & Consumable Fuels—11.9%
Cheniere Energy, Inc.		85,175		14,135,643
Chevron Corp.		279,253		47,087,641
ConocoPhillips		224,472		26,891,746
Exxon Mobil Corp.		208,639		24,531,774
Hess Corp.		120,828		18,486,684
Marathon Oil Corp.		783,058		20,946,801
Pioneer Natural Resources Co.		69,521		15,958,545
Shell PLC (ADR)		115,342		7,425,718
Suncor Energy, Inc.		1,122,932		38,606,402
				214,070,954
Personal Care Products—0.9%
Haleon PLC		3,998,154		16,590,599
Pharmaceuticals—6.1%
Bristol-Myers Squibb Co. (a)		316,530		18,371,401
Johnson & Johnson		179,159		27,904,014
Merck & Co., Inc.		289,939		29,849,220
Sanofi (ADR)		629,584		33,770,886
				109,895,521
Semiconductors & Semiconductor Equipment—4.5%
Intel Corp.		670,580		23,839,119
NXP Semiconductors NV		158,291		31,645,537
QUALCOMM, Inc.		240,419		26,700,934
				82,185,590
Software—2.3%
Microsoft Corp.		128,969		40,721,962
Specialized REITs—0.3%
SBA Communications Corp.		28,628		5,730,467
Textiles, Apparel & Luxury Goods—0.6%
Ralph Lauren Corp.		91,861		10,664,144
Tobacco—2.6%
Philip Morris International, Inc.		505,752		46,822,520
Wireless Telecommunication Services—1.3%
T-Mobile U.S., Inc. (a) (b)		163,320		22,872,966
Total Common Stocks (Cost $1,411,025,935)				1,750,089,418
Short-Term Investment—2.7%
Repurchase Agreement—2.7%
Fixed Income Clearing Corp. Repurchase Agreement dated 09/29/23 at 2.500%, due on 10/02/23 with a maturity value of $47,747,617; collateralized by U.S. Treasury Note at 0.750%, maturing 04/30/26, with a market value of $48,692,440.		47,737,672		47,737,672
Total Short-Term Investments (Cost $47,737,672)				47,737,672
Total Investments—99.7% (Cost $1,458,763,607)				1,797,827,090
Other assets and liabilities (net)—0.3%				6,003,014
Net Assets—100.0%			$	1,803,830,104

*	Principal amount stated in U.S. dollars unless otherwise noted.
(a)	All or a portion of the security was held on loan. As of September 30, 2023, the market value of securities loaned was $13,381,342 and the collateral received consisted of non-cash collateral with a value of $13,665,360. 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.

BHFTI-152

Brighthouse Funds Trust I

Invesco Comstock Portfolio

Schedule of Investments as of September 30, 2023 (Unaudited)

Forward Foreign Currency Exchange Contracts

Contracts to Deliver		Counterparty	Settlement Date		In Exchange for			Unrealized Appreciation
CAD	25,656,553	DBAG		10/27/23		USD	19,029,207	$	133,491
CAD	920,955	DBAG		10/27/23		USD	682,323		4,052
EUR	15,975,447	CIBC		10/27/23		USD	16,930,957		24,271
GBP	9,733,509	RBC		10/27/23		USD	11,880,682		3,083
Net Unrealized Appreciation								$	164,897

Glossary of Abbreviations

Counterparties

(CIBC)—	Canadian Imperial Bank of Commerce
(DBAG)—	Deutsche Bank AG
(RBC)—	Royal Bank of Canada

Currencies

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

Other Abbreviations

(ADR)—	American Depositary Receipt
(REIT)—	Real Estate Investment Trust

BHFTI-153

Brighthouse Funds Trust I

Invesco Comstock Portfolio

Schedule of Investments as of September 30, 2023 (Unaudited)

Fair Value Hierarchy

Accounting principles generally accepted in the United States of America (“GAAP”) define fair market value as the price that the Portfolio would receive to sell an asset or pay to transfer a liability in an orderly transaction between market participants at the measurement date. It establishes a fair value hierarchy that prioritizes inputs to valuation methods and requires disclosure of the fair value hierarchy, separately for each major category of assets and liabilities, that segregates fair value measurements into three levels. Levels 1, 2 and 3 of the fair value hierarchy are defined as follows:

Level 1 - unadjusted quoted prices in active markets for identical investments

Level 2 - other significant observable inputs (including, but not limited to, quoted prices for similar assets or liabilities in markets that are either active or inactive; inputs other than quoted prices that are observable such as interest rates, yield curves, volatilities, prepayment speeds, loss severities, credit risks, default rates, or other market corroborated inputs)

Level 3 - significant unobservable inputs based on the best information available in the circumstances, to the extent observable

inputs are unavailable (including the Portfolio’s own assumptions used in determining the fair value of investments and derivative financial instruments)

The inputs or methodologies used for valuing investments are not necessarily an indication of the risk associated with investing in them. Changes to the inputs or methodologies used may result in transfers between levels. A reconciliation of Level 3 securities, if any, will be disclosed following the fair value hierarchy table. For more information about the Portfolio’s policy regarding the valuation of investments, please refer to the Notes to Schedule of Investments.

The following table summarizes the fair value hierarchy of the Portfolio’s investments as of September 30, 2023:

Description	Level 1		Level 2		Level 3		Total
Common Stocks
Aerospace & Defense	$	19,662,837	$	—	$	—	$	19,662,837
Air Freight & Logistics		36,532,733		—		—		36,532,733
Automobiles		26,783,114		—		—		26,783,114
Banks		198,050,237		—		—		198,050,237
Beverages		28,331,988		—		—		28,331,988
Biotechnology		5,223,659		—		—		5,223,659
Broadline Retail		14,859,520		—		—		14,859,520
Building Products		30,663,433		—		—		30,663,433
Capital Markets		63,563,450		—		—		63,563,450
Chemicals		23,177,751		—		—		23,177,751
Communications Equipment		61,239,128		—		—		61,239,128
Consumer Staples Distribution & Retail		16,644,930		—		—		16,644,930
Containers & Packaging		26,373,151		—		—		26,373,151
Electrical Equipment		58,682,981		—		—		58,682,981
Entertainment		23,366,664		—		—		23,366,664
Food Products		25,955,000		—		—		25,955,000
Health Care Equipment & Supplies		55,222,332		—		—		55,222,332
Health Care Providers & Services		121,145,513		—		—		121,145,513
Hotels, Restaurants & Leisure		42,629,230		—		—		42,629,230
Household Products		22,409,336		—		—		22,409,336
Industrial Conglomerates		21,466,489		—		—		21,466,489
Insurance		54,858,691		—		—		54,858,691
Interactive Media & Services		75,514,275		—		—		75,514,275
IT Services		43,065,855		—		—		43,065,855
Machinery		53,339,098		—		—		53,339,098
Media		28,234,399		—		—		28,234,399
Multi-Utilities		23,538,901		—		—		23,538,901
Oil, Gas & Consumable Fuels		214,070,954		—		—		214,070,954
Personal Care Products		—		16,590,599		—		16,590,599
Pharmaceuticals		109,895,521		—		—		109,895,521
Semiconductors & Semiconductor Equipment		82,185,590		—		—		82,185,590
Software		40,721,962		—		—		40,721,962
Specialized REITs		5,730,467		—		—		5,730,467
Textiles, Apparel & Luxury Goods		10,664,144		—		—		10,664,144
Tobacco		46,822,520		—		—		46,822,520
Wireless Telecommunication Services		22,872,966		—		—		22,872,966
Total Common Stocks		1,733,498,819		16,590,599		—		1,750,089,418
Total Short-Term Investment*		—		47,737,672		—		47,737,672
Total Investments	$	1,733,498,819	$	64,328,271	$	—	$	1,797,827,090
Forward Contracts
Forward Foreign Currency Exchange Contracts (Unrealized Appreciation)	$	—	$	164,897	$	—	$	164,897

* See Schedule of Investments for additional detailed categorizations.

BHFTI-154

Brighthouse Funds Trust I

Invesco Global Equity Portfolio

Schedule of Investments as of September 30, 2023 (Unaudited)

Common Stocks—99.5% of Net Assets

Security Description	Shares		Value
Canada—0.6%
Canadian Pacific Kansas City Ltd. (a)		86,444	$	6,432,298
China—3.6%
JD.com, Inc. (ADR) (a)		828,026		24,120,398
Meituan - Class B (b)		417,800		6,065,345
Tencent Holdings Ltd.		148,200		5,743,499
Yum China Holdings, Inc.		17,039		949,413
				36,878,655
Denmark—4.1%
Novo Nordisk AS		466,258		42,413,550
France—12.0%
Airbus SE		343,056		45,894,864
Dassault Systemes SE		113,284		4,211,755
EssilorLuxottica SA		44,714		7,772,526
Kering SA		39,330		17,881,853
LVMH Moet Hennessy Louis Vuitton SE		61,785		46,612,255
Pernod Ricard SA		7,985		1,329,190
				123,702,443
Germany—2.6%
Allianz SE		14,276		3,404,276
SAP SE		182,260		23,658,443
				27,062,719
India—6.5%
DLF Ltd.		7,338,043		46,875,269
HDFC Bank Ltd.		275,714		5,047,568
ICICI Bank Ltd. (ADR)		641,134		14,823,018
				66,745,855
Israel—0.9%
Nice Ltd. (ADR) (a) (b)		55,024		9,354,080
Italy—0.9%
Brunello Cucinelli SpA		98,224		7,465,889
Ferrari NV		5,136		1,513,662
				8,979,551
Japan—5.4%
Hoya Corp.		43,900		4,524,051
Keyence Corp.		71,900		26,723,171
Murata Manufacturing Co. Ltd.		603,600		11,031,292
Omron Corp.		45,100		2,008,869
TDK Corp.		322,700		11,950,625
				56,238,008
Netherlands—1.4%
ASML Holding NV		20,645		12,123,552
Universal Music Group NV		107,085		2,784,720
				14,908,272
Spain—1.3%
Amadeus IT Group SA		219,565		13,231,798
Sweden—4.3%
Assa Abloy AB - Class B		792,031		17,255,045
Atlas Copco AB - A Shares		1,994,573		26,723,041
				43,978,086
Switzerland—0.7%
Lonza Group AG		16,514		7,640,152
United States—55.2%
Adobe, Inc. (b)		81,864		41,742,454
Agilent Technologies, Inc.		27,851		3,114,299
Alphabet, Inc. - Class A (b)		970,825		127,042,159
Amazon.com, Inc. (b)		93,229		11,851,270
Analog Devices, Inc.		281,548		49,296,239
Avantor, Inc. (b)		183,400		3,866,072
Boston Scientific Corp. (b)		70,567		3,725,938
Charles River Laboratories International, Inc. (a) (b)		17,251		3,380,851
Charter Communications, Inc. - Class A (b)		14,556		6,402,020
Danaher Corp.		22,440		5,567,364
Ecolab, Inc.		21,575		3,654,805
Equifax, Inc. (a)		77,200		14,141,496
Fidelity National Information Services, Inc.		44,329		2,450,064
IDEXX Laboratories, Inc. (b)		9,151		4,001,458
Illumina, Inc. (b)		37,854		5,196,597
Intuit, Inc.		87,635		44,776,227
Intuitive Surgical, Inc. (b)		33,399		9,762,194
IQVIA Holdings, Inc. (b)		51,132		10,060,221
Lam Research Corp.		3,555		2,228,167
Marriott International, Inc. - Class A		43,261		8,503,382
Marvell Technology, Inc.		307,077		16,622,078
Meta Platforms, Inc. - Class A (b)		248,221		74,518,426
Microsoft Corp.		62,148		19,623,231
NVIDIA Corp.		32,412		14,098,896
Phathom Pharmaceuticals, Inc. (a) (b)		220,272		2,284,221
S&P Global, Inc.		113,224		41,373,182
Splunk, Inc. (b)		47,813		6,992,651
Thermo Fisher Scientific, Inc.		3,016		1,526,609
United Parcel Service, Inc. - Class B		54,520		8,498,032
Visa, Inc. - Class A (a)		100,876		23,202,489
				569,503,092
Total Common Stocks (Cost $632,198,841)				1,027,068,559
Short-Term Investment—0.6%
Repurchase Agreement—0.6%
Fixed Income Clearing Corp. Repurchase Agreement dated 09/29/23 at 2.500%, due on 10/02/23 with a maturity value of $5,866,424; collateralized by U.S. Treasury Note at 0.750%, maturing 04/30/26, with a market value of $5,982,523.		5,865,202		5,865,202
Total Short-Term Investments (Cost $5,865,202)				5,865,202

BHFTI-155

Brighthouse Funds Trust I

Invesco Global Equity Portfolio

Schedule of Investments as of September 30, 2023 (Unaudited)

Securities Lending Reinvestments (c)—2.7%

Security Description	Principal Amount*		Value
Certificates of Deposit—1.1%
Bank of America N.A. 5.700%, FEDEFF PRV + 0.370%, 11/17/23 (d)		1,000,000	$	1,000,135
Bank of Montreal 6.100%, SOFR + 0.790%, 11/08/23 (d)		1,000,000		1,000,643
Barclays Bank PLC 5.720%, SOFR + 0.400%, 02/14/24 (d)		1,000,000		1,000,072
BNP Paribas SA 5.760%, SOFR + 0.450%, 10/10/23 (d)		1,000,000		999,952
Canadian Imperial Bank of Commerce (NY) 5.710%, SOFR + 0.400%, 10/13/23 (d)		1,000,000		1,000,098
Nordea Bank Abp 5.660%, SOFR + 0.350%, 10/23/23 (d)		1,000,000		1,000,152
Oversea-Chinese Banking Corp. Ltd. 5.550%, SOFR + 0.230%, 11/13/23 (d)		1,000,000		1,000,146
Sumitomo Mitsui Banking Corp. 5.770%, SOFR + 0.460%, 01/11/24 (d)		2,000,000		2,001,862
Toronto-Dominion Bank
5.730%, FEDEFF PRV + 0.400%, 02/13/24 (d)		1,000,000		1,000,580
5.780%, FEDEFF PRV + 0.450%, 10/13/23 (d)		2,000,000		2,000,190
				12,003,830
Commercial Paper—0.3%
National Australia Bank Ltd. 5.660%, SOFR + 0.350%, 12/05/23 (d)		1,000,000		1,000,220
Skandinaviska Enskilda Banken AB 5.680%, SOFR + 0.360%, 11/15/23 (d)		1,000,000		1,000,270
UBS AG 5.600%, SOFR + 0.280%, 11/27/23 (d)		1,000,000		1,000,000
				3,000,490
Repurchase Agreements—1.2%
Cantor Fitzgerald & Co. Repurchase Agreement dated 09/29/23 at 5.320%, due on 10/02/23 with a maturity value of $3,001,330; collateralized by U.S. Government Agency Obligations with rates ranging from 1.500% - 7.267%, maturity dates ranging from 02/01/24 - 08/20/71, and an aggregate market value of $3,060,000.		3,000,000		3,000,000
Citigroup Global Markets, Inc.
Repurchase Agreement dated 09/29/23 at 5.470%, due on 10/06/23 with a maturity value of $1,001,064; collateralized by U.S. Treasury Obligations with rates ranging from 0.250% - 5.403%, maturity dates ranging from 01/31/24 - 10/31/25, and various Common Stock with an aggregate market value of $1,020,025.		1,000,000		1,000,000
Repurchase Agreement dated 09/29/23 at 5.620%, due on 11/03/23 with a maturity value of $2,010,928; collateralized by U.S. Treasury Obligations with rates ranging from 0.125% - 4.250%, maturity dates ranging from 07/15/25 - 11/30/28, and various Common Stock with an aggregate market value of $2,040,146.		2,000,000		2,000,000
Repurchase Agreement dated 09/29/23 at 5.870%, due on 04/01/24 with a maturity value of $2,060,331; collateralized by U.S. Treasury Obligations with rates ranging from 2.000% - 2.875%, maturity dates ranging from 02/15/25 - 05/15/49, and various Common Stock with an aggregate market value of $2,125,943.		2,000,000		2,000,000
Repurchase Agreements—(Continued)
ING Financial Markets LLC Repurchase Agreement dated 09/29/23 at 5.300%, due on 10/02/23 with a maturity value of $2,041,461; collateralized by U.S. Treasury Obligations with rates ranging from 0.000% - 4.500%, maturity dates ranging from 10/12/23 - 02/15/50, and an aggregate market value of $2,081,371.		2,040,560		2,040,560
National Bank of Canada Repurchase Agreement dated 09/29/23 at 5.450%, due on 10/06/23 with a maturity value of $2,002,119; collateralized by various Common Stock with an aggregate market value of $2,231,975.		2,000,000		2,000,000
				12,040,560
Time Deposit—0.1%
National Bank of Canada 5.370%, OBFR + 0.050%, 10/06/23 (d)		1,000,000		1,000,000
Total Securities Lending Reinvestments (Cost $28,040,560)				28,044,880
Total Investments—102.8% (Cost $666,104,603)				1,060,978,641
Other assets and liabilities (net)—(2.8)%				(28,808,478	)
Net Assets—100.0%			$	1,032,170,163

*	Principal amount stated in U.S. dollars unless otherwise noted.
(a)	All or a portion of the security was held on loan. As of September 30, 2023, the market value of securities loaned was $35,773,511 and the collateral received consisted of cash in the amount of $28,040,560 and non-cash collateral with a value of $8,491,256. The cash collateral investments are disclosed in the Schedule of Investments and categorized as Securities Lending Reinvestments. The non-cash collateral received consists of U.S. government securities that are held in safe-keeping by the lending agent, or a third- party custodian, and cannot be sold or repledged by the Portfolio.
(b)	Non-income producing security.
(c)	Represents investment of cash collateral received from securities on loan as of September 30, 2023.
(d)	Variable or floating rate security. The stated rate represents the rate at September 30, 2023. 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.

Ten Largest Industries as of September 30, 2023 (Unaudited)	% of Net Assets
Interactive Media & Services		20.1
Software		14.6
Semiconductors & Semiconductor Equipment		9.1
Textiles, Apparel & Luxury Goods		7.0
Electronic Equipment, Instruments & Components		5.0
Real Estate Management & Development		4.5
Aerospace & Defense		4.5
Pharmaceuticals		4.3
Capital Markets		4.0
Life Sciences Tools & Services		3.9

BHFTI-156

Brighthouse Funds Trust I

Invesco Global Equity Portfolio

Schedule of Investments as of September 30, 2023 (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

(ADR)— American Depositary Receipt

Fair Value Hierarchy

Accounting principles generally accepted in the United States of America (“GAAP”) define fair market value as the price that the Portfolio would receive to sell an asset or pay to transfer a liability in an orderly transaction between market participants at the measurement date. It establishes a fair value hierarchy that prioritizes inputs to valuation methods and requires disclosure of the fair value hierarchy, separately for each major category of assets and liabilities, that segregates fair value measurements into three levels. Levels 1, 2 and 3 of the fair value hierarchy are defined as follows:

Level 1 - unadjusted quoted prices in active markets for identical investments

Level 2 - other significant observable inputs (including, but not limited to, quoted prices for similar assets or liabilities in markets that are either active or inactive; inputs other than quoted prices that are observable such as interest rates, yield curves, volatilities, prepayment speeds, loss severities, credit risks, default rates, or other market corroborated inputs)

Level 3 - significant unobservable inputs based on the best information available in the circumstances, to the extent observable inputs are unavailable (including the Portfolio’s own assumptions used in determining the fair value of investments and derivative financial instruments)

The inputs or methodologies used for valuing investments are not necessarily an indication of the risk associated with investing in them. Changes to the inputs or methodologies used may result in transfers between levels. A reconciliation of Level 3 securities, if any, will be disclosed following the fair value hierarchy table. For more information about the Portfolio’s policy regarding the valuation of investments, please refer to the Notes to Schedule of Investments.

The following table summarizes the fair value hierarchy of the Portfolio’s investments as of September 30, 2023:

Description	Level 1		Level 2			Level 3		Total
Common Stocks
Canada	$	6,432,298	$	—		$	—	$	6,432,298
China		25,069,811		11,808,844			—		36,878,655
Denmark		—		42,413,550			—		42,413,550
France		—		123,702,443			—		123,702,443
Germany		—		27,062,719			—		27,062,719
India		14,823,018		51,922,837			—		66,745,855
Israel		9,354,080		—			—		9,354,080
Italy		—		8,979,551			—		8,979,551
Japan		—		56,238,008			—		56,238,008
Netherlands		—		14,908,272			—		14,908,272
Spain		—		13,231,798			—		13,231,798
Sweden		—		43,978,086			—		43,978,086
Switzerland		—		7,640,152			—		7,640,152
United States		569,503,092		—			—		569,503,092
Total Common Stocks		625,182,299		401,886,260			—		1,027,068,559
Total Short-Term Investment*		—		5,865,202			—		5,865,202
Total Securities Lending Reinvestments*		—		28,044,880			—		28,044,880
Total Investments	$	625,182,299	$	435,796,342		$	—	$	1,060,978,641
Collateral for Securities Loaned (Liability)	$	—	$	(28,040,560	)	$	—	$	(28,040,560	)

* See Schedule of Investments for additional detailed categorizations.

BHFTI-157

Brighthouse Funds Trust I

Invesco Small Cap Growth Portfolio

Schedule of Investments as of September 30, 2023 (Unaudited)

Common Stocks—96.7% of Net Assets

Security Description	Shares		Value
Aerospace & Defense—1.7%
BWX Technologies, Inc.		139,116	$	10,430,918
Moog, Inc. - Class A		40,088		4,528,340
				14,959,258
Air Freight & Logistics—1.1%
GXO Logistics, Inc. (a) (b)		154,763		9,076,850
Automobile Components—0.5%
Gentherm, Inc. (a) (b)		85,203		4,623,115
Biotechnology—4.2%
Apellis Pharmaceuticals, Inc. (a) (b)		73,646		2,801,494
Ascendis Pharma AS (ADR) (a) (b)		48,703		4,560,549
Cytokinetics, Inc. (a) (b)		92,341		2,720,366
Halozyme Therapeutics, Inc. (a)		180,670		6,901,594
Karuna Therapeutics, Inc. (a)		26,000		4,396,340
Natera, Inc. (a)		237,230		10,497,427
Xenon Pharmaceuticals, Inc. (a)		121,423		4,147,810
				36,025,580
Broadline Retail—0.6%
Global-e Online Ltd. (a) (b)		121,528		4,829,523
Building Products—2.4%
AAON, Inc.		121,637		6,917,496
Azek Co., Inc. (a)		298,423		8,875,100
Simpson Manufacturing Co., Inc.		32,992		4,942,532
				20,735,128
Capital Markets—2.8%
LPL Financial Holdings, Inc.		28,116		6,681,767
Morningstar, Inc.		34,883		8,170,994
TMX Group Ltd. (b)		438,971		9,433,877
				24,286,638
Chemicals—1.0%
Element Solutions, Inc.		425,207		8,338,309
Commercial Services & Supplies—1.1%
Clean Harbors, Inc. (a)		55,797		9,338,186
Construction & Engineering—3.2%
AECOM		113,078		9,389,997
Construction Partners, Inc. - Class A (a)		355,323		12,990,609
Valmont Industries, Inc.		23,749		5,704,747
				28,085,353
Construction Materials—0.8%
Eagle Materials, Inc.		41,480		6,907,250
Consumer Staples Distribution & Retail—1.4%
Grocery Outlet Holding Corp. (a) (b)		140,545		4,054,723
Performance Food Group Co. (a)		143,157		8,426,221
				12,480,944
Diversified Consumer Services—1.8%
Bright Horizons Family Solutions, Inc. (a) (b)		81,760		6,660,170
Stride, Inc. (a) (b)		193,405		8,709,027
				15,369,197
Diversified Telecommunication Services—0.7%
Iridium Communications, Inc.		131,625		5,987,621
Electrical Equipment—1.5%
nVent Electric PLC		151,235		8,013,943
Shoals Technologies Group, Inc. - Class A (a) (b)		275,888		5,034,956
				13,048,899
Electronic Equipment, Instruments & Components—4.0%
Arrow Electronics, Inc. (a)		52,847		6,618,558
Fabrinet (a)		21,975		3,661,475
Flex Ltd. (a)		450,777		12,161,963
Littelfuse, Inc.		25,874		6,399,158
Novanta, Inc. (a)		42,325		6,071,098
				34,912,252
Energy Equipment & Services—2.0%
ChampionX Corp.		304,419		10,843,405
TechnipFMC PLC (b)		316,175		6,430,999
				17,274,404
Financial Services—1.7%
Flywire Corp. (a)		298,522		9,519,866
Shift4 Payments, Inc. - Class A (a)		100,226		5,549,514
				15,069,380
Food Products—2.6%
Freshpet, Inc. (a) (b)		116,230		7,657,232
Post Holdings, Inc. (a) (b)		90,532		7,762,214
Simply Good Foods Co. (a) (b)		202,058		6,975,042
				22,394,488
Gas Utilities—0.2%
New Jersey Resources Corp.		50,754		2,062,135
Ground Transportation—1.3%
Saia, Inc. (a)		27,585		10,996,760
Health Care Equipment & Supplies—4.6%
Axonics, Inc. (a)		106,412		5,971,841
Glaukos Corp. (a)		135,812		10,219,853
iRhythm Technologies, Inc. (a) (b)		50,743		4,783,035
Lantheus Holdings, Inc. (a) (b)		97,626		6,783,055
Penumbra, Inc. (a)		31,710		7,670,966
TransMedics Group, Inc. (a) (b)		86,096		4,713,756
				40,142,506
Health Care Providers & Services—3.6%
Acadia Healthcare Co., Inc. (a)		128,230		9,015,851
R1 RCM, Inc. (a)		605,391		9,123,242

BHFTI-158

Brighthouse Funds Trust I

Invesco Small Cap Growth Portfolio

Schedule of Investments as of September 30, 2023 (Unaudited)

Common Stocks—(Continued)

Security Description	Shares		Value
Health Care Providers & Services—(Continued)
Surgery Partners, Inc. (a) (b)		214,793	$	6,282,695
Tenet Healthcare Corp. (a)		96,414		6,352,719
				30,774,507
Hotels, Restaurants & Leisure—4.7%
International Game Technology PLC		258,748		7,845,239
Shake Shack, Inc. - Class A (a)		104,630		6,075,864
Texas Roadhouse, Inc.		65,986		6,341,255
Wingstop, Inc.		73,970		13,302,765
Wyndham Hotels & Resorts, Inc.		98,060		6,819,092
				40,384,215
Household Durables—1.4%
Cavco Industries, Inc. (a) (b)		23,850		6,335,991
Installed Building Products, Inc. (b)		45,113		5,634,163
				11,970,154
Industrial REITs—1.9%
EastGroup Properties, Inc.		62,681		10,438,267
Terreno Realty Corp.		110,560		6,279,808
				16,718,075
Insurance—3.0%
BRP Group, Inc. - Class A (a) (b)		352,607		8,191,060
Kinsale Capital Group, Inc.		21,859		9,052,468
Selective Insurance Group, Inc.		85,153		8,785,235
				26,028,763
IT Services—1.4%
DigitalOcean Holdings, Inc. (a) (b)		174,091		4,183,407
Globant SA (a) (b)		40,166		7,946,843
				12,130,250
Life Sciences Tools & Services—2.1%
10X Genomics, Inc. - Class A (a)		167,480		6,908,550
Repligen Corp. (a) (b)		69,119		10,990,612
				17,899,162
Machinery—4.1%
Chart Industries, Inc. (a) (b)		36,215		6,124,681
Federal Signal Corp.		105,617		6,308,504
Nordson Corp.		32,854		7,332,027
RBC Bearings, Inc. (a) (b)		31,595		7,397,337
Terex Corp.		136,660		7,874,349
				35,036,898
Oil, Gas & Consumable Fuels—3.9%
Chord Energy Corp.		48,594		7,875,629
Matador Resources Co.		144,989		8,623,946
Permian Resources Corp. (b)		732,246		10,222,154
Range Resources Corp. (b)		228,509		7,405,977
				34,127,706
Personal Care Products—0.0%
Oddity Tech Ltd. - Class A (a) (b)		14,939		423,521
Pharmaceuticals—2.0%
Intra-Cellular Therapies, Inc. (a)		105,875		5,515,029
Pacira BioSciences, Inc. (a) (b)		78,516		2,408,871
Prestige Consumer Healthcare, Inc. (a)		124,525		7,121,585
Revance Therapeutics, Inc. (a) (b)		202,316		2,320,564
				17,366,049
Professional Services—3.4%
ASGN, Inc. (a)		83,596		6,828,121
KBR, Inc. (b)		118,752		6,999,243
Parsons Corp. (a)		29,889		1,624,467
Paycor HCM, Inc. (a)		251,576		5,743,480
Verra Mobility Corp. (a)		426,994		7,984,788
				29,180,099
Semiconductors & Semiconductor Equipment—6.0%
Allegro MicroSystems, Inc. (a) (b)		140,226		4,478,819
Axcelis Technologies, Inc. (a)		24,433		3,983,801
Diodes, Inc. (a)		73,517		5,796,080
Lattice Semiconductor Corp. (a)		145,476		12,500,753
MKS Instruments, Inc.		79,745		6,901,132
Onto Innovation, Inc. (a)		53,248		6,790,185
Power Integrations, Inc. (b)		85,765		6,544,727
Silicon Laboratories, Inc. (a)		43,198		5,006,216
				52,001,713
Software—13.1%
Altair Engineering, Inc. - Class A (a) (b)		179,722		11,243,408
Blackline, Inc. (a) (b)		100,947		5,599,530
CCC Intelligent Solutions Holdings, Inc. (a)		743,906		9,931,145
Clearwater Analytics Holdings, Inc. - Class A (a)		294,730		5,700,078
Confluent, Inc. - Class A (a) (b)		253,514		7,506,550
CyberArk Software Ltd. (a)		49,040		8,031,281
Descartes Systems Group, Inc. (a)		100,853		7,400,593
DoubleVerify Holdings, Inc. (a)		188,746		5,275,451
Gitlab, Inc. - Class A (a)		147,131		6,653,264
Guidewire Software, Inc. (a)		120,034		10,803,060
Manhattan Associates, Inc. (a)		74,541		14,733,774
Procore Technologies, Inc. (a)		162,705		10,627,891
Workiva, Inc. (a) (b)		94,633		9,590,108
				113,096,133
Specialty Retail—1.4%
Academy Sports & Outdoors, Inc.		120,725		5,706,671
Wayfair, Inc. - Class A (a) (b)		112,284		6,801,042
				12,507,713
Textiles, Apparel & Luxury Goods—1.1%
Crocs, Inc. (a)		59,712		5,268,390
ON Holding AG - Class A (a) (b)		159,367		4,433,590
				9,701,980

BHFTI-159

Brighthouse Funds Trust I

Invesco Small Cap Growth Portfolio

Schedule of Investments as of September 30, 2023 (Unaudited)

Common Stocks—(Continued)

Security Description	Shares/ Principal Amount*		Value
Trading Companies & Distributors—2.1%
Applied Industrial Technologies, Inc.		19,577	$	3,026,800
SiteOne Landscape Supply, Inc. (a) (b)		52,097		8,515,254
WESCO International, Inc.		45,667		6,567,828
				18,109,882
Water Utilities—0.3%
American States Water Co.		27,617		2,172,906
Total Common Stocks (Cost $792,787,787)				836,573,502
Short-Term Investment—3.6%
Repurchase Agreement—3.6%
Fixed Income Clearing Corp. Repurchase Agreement dated 09/29/23 at 2.500%, due on 10/02/23 with a maturity value of $31,287,399; collateralized by U.S. Treasury Note at 0.750%, maturing 04/30/26, with a market value of $31,906,547.		31,280,882		31,280,882
Total Short-Term Investments (Cost $31,280,882)				31,280,882
Securities Lending Reinvestments (c)—7.7%
Certificates of Deposit—2.4%
Bank of Montreal 6.100%, SOFR + 0.790%, 11/08/23 (d)		1,000,000		1,000,643
Barclays Bank PLC 5.720%, SOFR + 0.400%, 02/14/24 (d)		1,000,000		1,000,072
BNP Paribas SA 5.760%, SOFR + 0.450%, 10/10/23 (d)		2,000,000		1,999,904
Canadian Imperial Bank of Commerce (NY) 5.710%, SOFR + 0.400%, 10/13/23 (d)		2,000,000		2,000,196
Citibank N.A. 5.670%, SOFR + 0.350%, 02/20/24 (d)		1,000,000		1,000,075
Credit Industriel et Commercial 5.510%, SOFR + 0.200%, 12/01/23 (d)		2,000,000		1,999,824
Mitsubishi UFJ Trust & Banking Corp. Zero Coupon, 10/20/23		1,000,000		996,900
Mizuho Bank Ltd. 5.610%, SOFR + 0.290%, 10/17/23 (d)		2,000,000		2,000,098
Nordea Bank Abp 5.660%, SOFR + 0.350%, 10/23/23 (d)		1,000,000		1,000,152
Oversea-Chinese Banking Corp. Ltd. 5.550%, SOFR + 0.230%, 11/13/23 (d)		2,000,000		2,000,292
Sumitomo Mitsui Trust Bank Ltd. 5.580%, SOFR + 0.270%, 10/23/23 (d)		1,000,000		1,000,053
Toronto-Dominion Bank 5.730%, FEDEFF PRV + 0.400%, 02/13/24 (d)		1,000,000		1,000,580
5.780%, FEDEFF PRV + 0.450%, 10/13/23 (d)		2,000,000		2,000,190
Wells Fargo Bank N.A. 5.780%, SOFR + 0.470%, 11/09/23 (d)		2,000,000		2,000,720
				20,999,699
Commercial Paper—0.5%
National Australia Bank Ltd. 5.660%, SOFR + 0.350%, 12/05/23 (d)		1,000,000		1,000,220
Old Line Funding LLC 5.620%, SOFR + 0.300%, 12/28/23 (d)		1,000,000		999,999
UBS AG 5.600%, SOFR + 0.280%, 11/27/23 (d)		2,000,000		2,000,000
				4,000,219
Repurchase Agreements—4.2%
Bank of Nova Scotia Repurchase Agreement dated 09/29/23 at 5.450%, due on 10/02/23 with a maturity value of $1,000,454; collateralized by various Common Stock with an aggregate market value of $1,111,952.		1,000,000		1,000,000
Cantor Fitzgerald & Co. Repurchase Agreement dated 09/29/23 at 5.320%, due on 10/02/23 with a maturity value of $7,003,103; collateralized by U.S. Government Agency Obligations with rates ranging from 1.500% - 7.267%, maturity dates ranging from 02/01/24 - 08/20/71, and an aggregate market value of $7,140,000.		7,000,000		7,000,000
Citigroup Global Markets, Inc.
Repurchase Agreement dated 09/29/23 at 5.470%, due on 10/06/23 with a maturity value of $1,902,021; collateralized by U.S. Treasury Obligations with rates ranging from 0.250% - 5.403%, maturity dates ranging from 01/31/24 - 10/31/25, and various Common Stock with an aggregate market value of $1,938,047.		1,900,000		1,900,000
Repurchase Agreement dated 09/29/23 at 5.620%, due on 11/03/23 with a maturity value of $3,016,392; collateralized by U.S. Treasury Obligations with rates ranging from 0.125% - 4.250%, maturity dates ranging from 07/15/25 - 11/30/28, and various Common Stock with an aggregate market value of $3,060,219.		3,000,000		3,000,000
Repurchase Agreement dated 09/29/23 at 5.870%, due on 04/01/24 with a maturity value of $2,060,331; collateralized by U.S. Treasury Obligations with rates ranging from 2.000% - 2.875%, maturity dates ranging from 02/15/25 - 05/15/49, and various Common Stock with an aggregate market value of $2,125,943.		2,000,000		2,000,000
ING Financial Markets LLC Repurchase Agreement dated 09/29/23 at 5.300%, due on 10/02/23 with a maturity value of $2,172,687; collateralized by U.S. Treasury Obligations with rates ranging from 0.000% - 4.500%, maturity dates ranging from 10/12/23 - 02/15/50, and an aggregate market value of $2,215,162.		2,171,727		2,171,727
National Bank Financial, Inc. Repurchase Agreement dated 09/29/23 at 5.320%, due on 10/02/23 with a maturity value of $2,000,887; collateralized by U.S. Treasury Obligations with rates ranging from 0.625% - 3.875%, maturity dates ranging from 01/15/26 - 11/15/41, and an aggregate market value of $2,049,559.		2,000,000		2,000,000

BHFTI-160

Brighthouse Funds Trust I

Invesco Small Cap Growth Portfolio

Schedule of Investments as of September 30, 2023 (Unaudited)

Securities Lending Reinvestments (c)—(Continued)

Security Description	Shares/ Principal Amount*		Value
Repurchase Agreements—(Continued)
National Bank of Canada
Repurchase Agreement dated 09/29/23 at 5.320%, due on 10/06/23 with a maturity value of $3,003,103; collateralized by U.S. Treasury Obligations with rates ranging from 0.000% - 4.000%, maturity dates ranging from 10/12/23 - 02/15/32, and an aggregate market value of $3,074,339.		3,000,000	$	3,000,000
Repurchase Agreement dated 09/29/23 at 5.450%, due on 10/06/23 with a maturity value of $6,006,358; collateralized by various Common Stock with an aggregate market value of $6,695,924.		6,000,000		6,000,000
NBC Global Finance Ltd. Repurchase Agreement dated 09/29/23 at 5.460%, due on 10/02/23 with a maturity value of $3,001,365; collateralized by various Common Stock with an aggregate market value of $3,347,985.		3,000,000		3,000,000
Societe Generale Repurchase Agreement dated 09/29/23 at 5.420%, due on 10/02/23 with a maturity value of $300,136; collateralized by various Common Stock with an aggregate market value of $333,906.		300,000		300,000
TD Prime Services LLC Repurchase Agreement dated 09/29/23 at 5.420%, due on 10/02/23 with a maturity value of $5,052,281; collateralized by various Common Stock with an aggregate market value of $5,557,513.		5,050,000		5,050,000
				36,421,727
Mutual Funds—0.6%
BlackRock Liquidity Funds FedFund, Institutional Shares 5.230% (e)		500,000		500,000
Dreyfus Treasury Obligations Cash Management Fund, Institutional Class 5.230% (e)		1,000,000		1,000,000
Fidelity Investments Money Market Government Portfolio, Class I 5.230% (e)		400,000		400,000
HSBC U.S. Government Money Market Fund, Class I 5.270% (e)		1,000,000		1,000,000
Morgan Stanley Liquidity Funds Government Portfolio, Institutional Shares 5.270% (e)		1,000,000		1,000,000
State Street Institutional U.S. Government Money Market Fund, Premier Class 5.290% (e)		500,000		500,000
Western Asset Institutional Government Reserves Fund, Institutional Class 5.250% (e)		950,000		950,000
				5,350,000
Total Securities Lending Reinvestments (Cost $66,769,570)				66,771,645
Total Investments—108.0% (Cost $890,838,239)				934,626,029
Other assets and liabilities (net)—(8.0)%				(69,574,476	)
Net Assets—100.0%			$	865,051,553

*	Principal amount stated in U.S. dollars unless otherwise noted.
(a)	Non-income producing security.
(b)	All or a portion of the security was held on loan. As of September 30, 2023, the market value of securities loaned was $88,864,925 and the collateral received consisted of cash in the amount of $66,760,598 and non-cash collateral with a value of $24,127,291. The cash collateral investments are disclosed in the Schedule of Investments and categorized as Securities Lending Reinvestments. The non-cash collateral received consists of U.S. government securities that are held in safe-keeping by the lending agent, or a third-party custodian, and cannot be sold or repledged by the Portfolio.
(c)	Represents investment of cash collateral received from securities on loan as of September 30, 2023.
(d)	Variable or floating rate security. The stated rate represents the rate at September 30, 2023. Maturity date shown for callable securities reflects the earliest possible call date. For securities based on a published reference index and spread, the index and spread are indicated in the description above. For certain variable rate securities, the coupon rate is determined by the issuer/agent based on current market conditions. For certain asset- and mortgage-backed securities, the coupon rate may fluctuate based on changes of the underlying collateral or prepayments of principal. These securities do not indicate a reference index and spread in their description above.
(e)	The rate shown represents the annualized seven-day yield as of September 30, 2023.

Glossary of Abbreviations    

Index Abbreviations

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

Other Abbreviations

(ADR)—	American Depositary Receipt
(REIT)—	Real Estate Investment Trust

BHFTI-161

Brighthouse Funds Trust I

Invesco Small Cap Growth Portfolio

Schedule of Investments as of September 30, 2023 (Unaudited)

Fair Value Hierarchy

Accounting principles generally accepted in the United States of America (“GAAP”) define fair market value as the price that the Portfolio would receive to sell an asset or pay to transfer a liability in an orderly transaction between market participants at the measurement date. It establishes a fair value hierarchy that prioritizes inputs to valuation methods and requires disclosure of the fair value hierarchy, separately for each major category of assets and liabilities, that segregates fair value measurements into three levels. Levels 1, 2 and 3 of the fair value hierarchy are defined as follows:

Level 1 - unadjusted quoted prices in active markets for identical investments

Level 2 - other significant observable inputs (including, but not limited to, quoted prices for similar assets or liabilities in markets that are either active or inactive; inputs other than quoted prices that are observable such as interest rates, yield curves, volatilities, prepayment speeds, loss severities, credit risks, default rates, or other market corroborated inputs)

Level 3 - significant unobservable inputs based on the best information available in the circumstances, to the extent observable inputs are unavailable (including the Portfolio’s own assumptions used in determining the fair value of investments and derivative financial instruments)

The inputs or methodologies used for valuing investments are not necessarily an indication of the risk associated with investing in them. Changes to the inputs or methodologies used may result in transfers between levels. A reconciliation of Level 3 securities, if any, will be disclosed following the fair value hierarchy table. For more information about the Portfolio’s policy regarding the valuation of investments, please refer to the Notes to Schedule of Investments.

The following table summarizes the fair value hierarchy of the Portfolio’s investments as of September 30, 2023:

Description	Level 1		Level 2			Level 3		Total
Total Common Stocks*	$	836,573,502	$	—		$	—	$	836,573,502
Total Short-Term Investment*		—		31,280,882			—		31,280,882
Securities Lending Reinvestments
Certificates of Deposit		—		20,999,699			—		20,999,699
Commercial Paper		—		4,000,219			—		4,000,219
Repurchase Agreements		—		36,421,727			—		36,421,727
Mutual Funds		5,350,000		—			—		5,350,000
Total Securities Lending Reinvestments		5,350,000		61,421,645			—		66,771,645
Total Investments	$	841,923,502	$	92,702,527		$	—	$	934,626,029
Collateral for Securities Loaned (Liability)	$	—	$	(66,760,598	)	$	—	$	(66,760,598	)

* See Schedule of Investments for additional detailed categorizations.

BHFTI-162

Brighthouse Funds Trust I

JPMorgan Core Bond Portfolio

Schedule of Investments as of September 30, 2023 (Unaudited)

U.S. Treasury & Government Agencies—55.2% of Net Assets

Security Description	Principal Amount*		Value
Agency Sponsored Mortgage - Backed—28.9%
Federal Home Loan Mortgage Corp. 2.500%, 07/01/50		10,180,860	$	8,134,722
2.500%, 05/01/51		2,387,423		1,905,287
3.000%, 02/01/52		2,884,370		2,400,111
3.500%, 03/01/32		335,743		309,910
3.500%, 12/01/32		1,146,000		1,055,851
3.500%, 01/01/33		1,656,558		1,523,021
3.500%, 03/01/33		1,806,239		1,660,042
3.500%, 04/01/33		2,617,916		2,403,462
3.500%, 05/01/33		658,622		603,978
3.500%, 06/01/43		822,349		725,155
3.700%, 06/01/34		3,300,000		2,897,697
3.750%, 08/01/32		3,500,000		3,119,868
4.000%, 09/01/32		210,220		192,707
4.000%, 11/01/32		960,146		899,939
4.000%, 12/01/32		481,913		446,340
4.000%, 01/01/33		44,900		41,294
4.000%, 02/01/33		173,984		160,316
4.000%, 08/01/42		876,535		803,935
4.000%, 08/01/43		1,453,759		1,333,835
4.000%, 01/01/46		1,147,995		1,044,938
4.000%, 07/01/48		1,420,153		1,290,437
4.000%, 05/01/52		1,057,457		942,275
5.000%, 02/01/34		153,852		150,924
5.000%, 08/01/39		479,349		469,418
5.247%, 1Y RFUCCT + 1.841%, 07/01/40 (a)		288,832		293,598
Federal Home Loan Mortgage Corp. Multifamily Structured Credit Risk 7.115%, SOFR30A + 1.800%, 07/25/41 (144A) (a)		1,492,203		1,396,811
9.565%, SOFR30A + 4.250%, 05/25/52 (144A) (a)		1,375,475		1,385,316
Federal Home Loan Mortgage Corp. Multifamily Structured Pass-Through Certificates 2.920%, 06/25/32		3,100,000		2,597,549
3.117%, 06/25/27		2,487,000		2,314,481
3.243%, 04/25/27		1,996,000		1,872,804
3.303%, 11/25/27 (a)		1,755,000		1,635,749
3.326%, 05/25/27		1,072,000		1,003,235
3.336%, 04/25/28 (a)		1,790,000		1,648,539
3.690%, 01/25/29		397,000		370,974
3.710%, 09/25/32 (a)		3,035,000		2,697,678
3.800%, 10/25/32 (a)		2,100,000		1,878,227
3.820%, 12/25/32 (a)		2,800,000		2,504,489
3.850%, 05/25/28 (a)		7,385,000		6,963,056
3.900%, 08/25/28 (a)		3,170,000		3,014,762
Federal Home Loan Mortgage Corp. REMICS
0.942%, SOFR30A + 6.256%, 10/15/37 (a) (b)		1,510,366		116,276
0.972%, SOFR30A + 6.286%, 11/15/36 (a) (b)		747,859		40,172
3.000%, 02/15/26		170,934		166,374
5.000%, 08/15/35		606,019		592,726
5.878%, SOFR30A + 0.564%, 08/15/42 (a)		1,748,271		1,707,575
6.000%, 07/15/35		1,518,733		1,497,228
6.000%, 03/15/36		1,356,467		1,373,222
6.108%, SOFR30A + 0.794%, 11/15/37 (a)		283,549		281,345
6.128%, SOFR30A + 0.814%, 03/15/24 (a)		5,923		5,924
6.500%, 05/15/28		70,424		70,520
6.500%, 03/15/37		284,226		286,537
6.778%, SOFR30A + 1.464%, 03/15/38 (a)		600,000		614,298
Agency Sponsored Mortgage - Backed—(Continued)
Federal Home Loan Mortgage Corp. STRIPS
Zero Coupon, 09/15/43 (c)		349,434		249,749
3.000%, 01/15/43		1,140,253		998,099
Federal National Mortgage Association
1.754%, 03/01/32 (a)		5,046,655		3,893,002
1.800%, 10/01/33		3,484,000		2,594,995
1.930%, 11/01/31		4,300,000		3,353,459
2.010%, 01/01/32		4,050,000		3,188,371
2.440%, 06/01/30		2,944,214		2,490,274
2.500%, 05/01/50		3,678,414		2,962,503
2.500%, 09/01/51		3,564,976		2,830,069
2.500%, 10/01/51		3,058,184		2,434,142
2.500%, 01/01/52		2,895,336		2,307,606
2.500%, 03/01/52		4,034,285		3,241,085
2.500%, 03/01/62		2,646,324		2,030,938
2.510%, 10/01/30		3,150,000		2,637,436
2.730%, 07/01/28		2,825,625		2,525,734
2.810%, 09/01/31		1,390,863		1,196,844
2.970%, 06/01/30		2,750,000		2,412,287
2.980%, 09/01/36		1,222,810		1,068,999
3.000%, 01/01/43		1,533,521		1,307,955
3.000%, 01/01/52		2,718,338		2,249,280
3.000%, 07/01/60		2,662,873		2,130,530
3.000%, 03/01/61		3,358,159		2,731,050
3.500%, 08/01/26		44,003		41,179
3.500%, 02/01/33		1,045,796		960,340
3.500%, 05/01/33		1,281,410		1,175,106
3.500%, 07/01/42		744,783		660,728
3.500%, 08/01/42		244,388		216,934
3.500%, 07/01/43		1,023,507		901,487
3.500%, 01/01/50		2,999,261		2,628,945
3.500%, 07/01/50		2,194,497		1,909,238
3.500%, 12/01/51		1,899,574		1,637,068
3.500%, 02/01/52		4,568,355		3,935,570
3.500%, 03/01/60		2,100,870		1,786,593
3.500%, 03/01/61		1,595,488		1,357,007
3.500%, 03/01/62		3,318,386		2,821,769
3.540%, 06/01/32		4,357,000		3,841,395
3.550%, 02/01/30		1,500,000		1,374,894
3.730%, 10/01/32		2,463,120		2,188,622
3.800%, 09/01/32		3,411,180		3,050,651
3.805%, 11/01/32		2,025,000		1,809,050
3.895%, 02/01/33		3,450,000		3,098,626
3.970%, 08/01/33		4,844,445		4,276,847
4.000%, 02/01/31		368,433		342,086
4.000%, 10/01/32		245,045		225,121
4.000%, 12/01/40		85,378		77,671
4.000%, 07/01/42		555,373		506,005
4.000%, 06/01/47		628,192		570,934
4.000%, 04/01/52		5,400,355		4,813,234
4.000%, 05/01/52		7,924,862		7,063,614
4.170%, 05/01/33		3,000,000		2,751,314
4.185%, 04/01/33		3,000,000		2,758,562
4.190%, 04/01/33		2,000,000		1,838,889
4.330%, 01/01/33		2,700,000		2,518,414

BHFTI-163

Brighthouse Funds Trust I

JPMorgan Core Bond Portfolio

Schedule of Investments as of September 30, 2023 (Unaudited)

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

Security Description	Principal Amount*		Value
Agency Sponsored Mortgage - Backed—(Continued)
Federal National Mortgage Association
4.420%, 02/01/33		4,075,000	$	3,819,131
4.500%, 02/01/40		166,238		156,823
4.500%, 06/01/62		2,121,596		1,953,851
4.520%, 06/01/33		1,577,778		1,488,553
4.520%, 09/01/33		1,300,000		1,230,735
4.550%, 09/01/33		3,180,000		3,014,362
4.590%, 04/01/33		3,350,000		3,179,972
4.735%, 02/01/33		3,100,000		2,978,151
5.000%, 09/01/35		293,202		284,138
5.000%, 06/01/53		3,984,007		3,760,289
5.080%, 02/01/32		3,145,000		3,103,549
5.290%, 12/01/32		2,539,248		2,545,992
5.500%, 01/01/58		1,891,161		1,887,534
6.000%, 07/01/28		63,748		62,942
6.000%, 12/01/39		121,667		123,693
Federal National Mortgage Association Benchmark REMIC 5.500%, 06/25/37		296,421		291,510
Federal National Mortgage Association Grantor Trust 2.898%, 06/25/27		3,910,777		3,582,235
Federal National Mortgage Association REMICS
Zero Coupon, 09/25/43 (c)		593,351		427,663
Zero Coupon, 10/25/43 (c)		344,383		240,084
Zero Coupon, 12/25/43 (c)		621,181		453,313
1.101%, -1x SOFR30A + 6.416%, 01/25/41 (a) (b)		1,700,617		163,448
3.270%, 03/25/27 (a)		3,309		3,273
3.500%, 02/25/43		1,458,463		1,314,096
3.500%, 11/25/57		2,275,273		2,120,383
5.000%, 03/25/40		1,941,672		1,896,308
5.410%, SOFR30A + 0.614%, 05/25/35 (a)		60,809		60,805
5.500%, 12/25/35		526,906		521,815
5.929%, SOFR30A + 0.614%, 10/25/42 (a)		216,026		209,374
6.000%, 01/25/36		787,814		764,388
6.029%, SOFR30A + 0.714%, 10/25/43 (a)		773,353		752,706
6.029%, SOFR30A + 0.714%, 12/25/43 (a)		740,905		722,029
6.329%, SOFR30A + 1.014%, 03/25/38 (a)		89,568		89,273
6.429%, SOFR30A + 1.114%, 08/25/32 (a)		230,668		232,542
6.500%, 07/18/28		32,651		32,748
Federal National Mortgage Association-Aces
1.000%, 11/25/33		570,912		536,417
1.200%, 10/25/30		982,481		862,819
1.764%, 11/25/31 (a)		7,400,000		5,709,148
1.933%, 10/25/30 (a) (b)		13,891,447		1,012,762
2.003%, 01/25/32 (a)		5,000,000		3,896,736
2.048%, 11/25/33 (a) (b)		6,981,475		578,269
2.488%, 05/25/26		1,302,292		1,214,217
2.548%, 12/25/26 (a)		675,576		623,060
3.061%, 05/25/27 (a)		2,454,636		2,281,841
3.164%, 06/25/27 (a)		2,111,202		1,968,871
3.166%, 03/25/28 (a)		1,598,365		1,473,652
3.171%, 02/25/30 (a)		1,247,295		1,115,776
3.172%, 04/25/29 (a)		1,925,276		1,754,468
3.346%, 03/25/24 (a)		583,072		575,326
3.469%, 07/25/28 (a)		3,757,000		3,496,487
3.501%, 01/25/24 (a)		149,437		148,066
Agency Sponsored Mortgage - Backed—(Continued)
Federal National Mortgage Association-Aces
3.665%, 09/25/28 (a)		2,684,544		2,509,755
3.876%, 08/25/32 (a)		2,600,000		2,336,403
FREMF Mortgage Trust 3.700%, 11/25/49 (144A) (a)		1,700,000		1,581,346
3.786%, 04/25/28 (144A) (a)		3,100,000		2,750,573
3.799%, 11/25/49 (144A) (a)		2,000,000		1,932,680
4.188%, 11/25/47 (144A) (a)		1,577,000		1,535,572
Government National Mortgage Association 2.500%, 10/20/51		2,567,450		2,099,790
3.000%, 02/20/51		1,590,043		1,348,266
3.500%, 01/20/51		2,664,081		2,281,296
3.500%, 02/20/52		3,170,128		2,788,542
3.875%, 1Y H15 + 1.500%, 04/20/41 (a)		116,399		114,338
4.000%, 01/20/52		2,877,063		2,602,569
4.000%, 02/20/52		3,354,730		3,021,607
4.000%, 08/20/52		6,733,429		6,067,439
4.500%, 11/20/49		1,765,763		1,632,013
5.000%, 05/20/52		3,382,121		3,154,041
5.500%, 07/20/53		2,683,740		2,615,467
6.858%, 1Y H15 + 1.787%, 09/20/71 (a)		2,979,120		3,068,491
6.860%, 1Y H15 + 1.751%, 10/20/71 (a)		3,150,539		3,238,196
6.908%, 1Y H15 + 1.837%, 08/20/71 (a)		3,025,816		3,122,186
6.919%, 1Y H15 + 1.753%, 11/20/71 (a)		3,346,515		3,444,839
6.962%, 1Y H15 + 1.699%, 04/20/72 (a)		3,536,396		3,638,056
6.963%, 1Y H15 + 1.706%, 03/20/72 (a)		2,909,385		2,994,731
6.981%, 1Y H15 + 1.730%, 04/20/72 (a)		2,815,788		2,897,191
7.000%, 1Y H15 + 1.778%, 12/20/71 (a)		2,980,845		3,072,374
Government National Mortgage Association REMICS
1.650%, 02/20/63		18,487		16,459
1.650%, 04/20/63		50,925		46,744
3.948%, 1M TSFR + 0.664%, 04/20/62 (a)		1,378		1,357
4.441%, 04/20/43 (a)		939,861		873,627
4.500%, 01/16/25		159,236		157,795
4.694%, 1M TSFR + 0.614%, 01/20/63 (a)		10,444		10,204
4.895%, 11/20/42 (a)		3,078,567		2,948,390
4.967%, 1M TSFR + 0.514%, 02/20/62 (a)		18,978		18,525
5.000%, 12/20/33		415,621		408,028
5.000%, 06/16/39		61,124		59,635
5.000%, 07/20/39		830,342		803,752
5.000%, 10/20/39		842,718		815,777
5.077%, 1M TSFR + 0.414%, 11/20/62 (a)		612		604
5.109%, 06/20/40 (a)		1,227,817		1,195,149
5.500%, 07/16/33 (b)		361,050		30,941
5.590%, 1M TSFR + 0.414%, 08/20/60 (a)		345		342
5.772%, 1M TSFR + 0.454%, 12/20/62 (a)		728,050		722,787
5.842%, 1M TSFR + 0.524%, 03/20/63 (a)		161,584		160,557
5.852%, 1M TSFR + 0.534%, 02/20/63 (a)		724,615		719,092
5.902%, 1M TSFR + 0.584%, 03/20/63 (a)		592,013		588,518
5.902%, 1M TSFR + 0.584%, 07/20/64 (a)		719,257		716,054
5.902%, 1M TSFR + 0.584%, 09/20/64 (a)		746,949		742,062
5.912%, 1M TSFR + 0.594%, 04/20/63 (a)		836,953		831,984
5.932%, 1M TSFR + 0.614%, 04/20/63 (a)		2,456,098		2,443,204
5.932%, 1M TSFR + 0.614%, 06/20/64 (a)		2,670,305		2,653,181
5.932%, 1M TSFR + 0.614%, 07/20/64 (a)		1,194,527		1,184,197
5.939%, 1M TSFR + 0.614%, 09/20/37 (a)		87,488		86,821

BHFTI-164

Brighthouse Funds Trust I

JPMorgan Core Bond Portfolio

Schedule of Investments as of September 30, 2023 (Unaudited)

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

Security Description	Principal Amount*		Value
Agency Sponsored Mortgage - Backed—(Continued)
Government National Mortgage Association REMICS
6.032%, 1M TSFR + 0.714%, 04/20/64 (a)		5,395,324	$	5,371,784
6.082%, 1M TSFR + 0.764%, 07/20/63 (a)		226,362		225,795
6.082%, 1M TSFR + 0.764%, 01/20/64 (a)		281,102		280,470
6.082%, 1M TSFR + 0.764%, 02/20/64 (a)		1,162,530		1,160,280
6.082%, 1M TSFR + 0.764%, 03/20/64 (a)		374,765		373,728
6.122%, 1M TSFR + 0.804%, 02/20/64 (a)		1,142,617		1,139,554
6.132%, 1M TSFR + 0.814%, 09/20/63 (a)		739,596		738,443
6.182%, 1M TSFR + 0.864%, 09/20/63 (a)		252,789		252,590
6.432%, 1M TSFR + 1.114%, 12/20/66 (a)		793,983		790,283
Seasoned Credit Risk Transfer Trust
3.000%, 10/25/62		3,153,511		2,559,951
3.250%, 11/25/61		2,375,138		1,965,678
3.500%, 05/25/57		3,414,340		3,064,751
3.500%, 06/25/57		3,166,026		2,888,333
3.500%, 07/25/58		2,875,622		2,442,283
3.500%, 10/25/58		1,307,967		994,221
4.000%, 11/25/57		2,455,960		2,271,829
Uniform Mortgage-Backed Security, TBA 2.500%, TBA (d)		1,949,441		1,547,137
				369,683,507
Federal Agencies—0.3%
Tennessee Valley Authority 5.880%, 04/01/36		1,600,000		1,704,832
Tennessee Valley Authority Generic STRIPS
Zero Coupon, 03/15/32		1,000,000		651,121
Tennessee Valley Authority Principal STRIPS
Zero Coupon, 11/01/25		1,000,000		893,802
Zero Coupon, 06/15/35		750,000		403,423
				3,653,178
U.S. Treasury—26.0%
U.S. Treasury Bonds
1.125%, 05/15/40		555,000		318,561
1.250%, 05/15/50		528,000		249,109
1.375%, 08/15/50		380,000		185,428
1.625%, 11/15/50		6,800,000		3,561,766
1.750%, 08/15/41		2,740,000		1,706,292
1.875%, 02/15/51		13,028,900		7,302,291
1.875%, 11/15/51		8,840,000		4,927,264
2.000%, 11/15/41		5,000		3,245
2.000%, 02/15/50		5,127,000		2,992,085
2.000%, 08/15/51		3,675,000		2,120,590
2.250%, 05/15/41		12,370,000		8,486,980
2.250%, 08/15/46		7,787,000		4,937,445
2.250%, 08/15/49		170,000		105,825
2.250%, 02/15/52		10,400,000		6,382,188
2.375%, 02/15/42		11,600,000		8,018,047
2.375%, 11/15/49		4,475,000		2,864,175
2.500%, 02/15/45		6,750,000		4,583,672
2.750%, 11/15/42		9,475,000		6,917,120
2.750%, 08/15/47		8,000,000		5,584,688
2.875%, 05/15/43		10,415,000		7,716,050
2.875%, 08/15/45		7,840,000		5,678,181
2.875%, 05/15/49		27,000		19,261
2.875%, 05/15/52		2,280,000		1,616,573
3.000%, 11/15/44		238,000		177,635
U.S. Treasury—(Continued)
U.S. Treasury Bonds
3.000%, 02/15/47		276,000		202,666
3.000%, 02/15/48		470,000		343,871
3.125%, 05/15/48		1,942,000		1,454,224
3.500%, 02/15/39		859,700		742,667
3.625%, 08/15/43		4,950,000		4,130,543
3.625%, 02/15/44		4,325,000		3,596,170
3.625%, 02/15/53		23,981,000		19,833,036
3.750%, 11/15/43		2,908,000		2,468,392
3.875%, 08/15/40		5,950,000		5,282,949
3.875%, 02/15/43		435,000		378,586
3.875%, 05/15/43		215,000		186,916
4.000%, 11/15/42		4,600,000		4,082,859
4.250%, 05/15/39		2,850,000		2,686,348
4.375%, 02/15/38		720,000		697,641
4.375%, 05/15/41		1,200,000		1,131,328
5.250%, 02/15/29		500,000		513,672
U.S. Treasury Inflation-Indexed Bond 1.750%, 01/15/28 (e)		729,540		708,537
U.S. Treasury Notes 0.375%, 01/31/26		755,000		679,647
0.375%, 09/30/27		3,560,000		3,005,002
0.500%, 02/28/26		4,520,000		4,069,413
0.625%, 08/15/30		1,850,000		1,419,803
0.750%, 01/31/28		8,565,000		7,262,183
1.000%, 07/31/28		9,750,000		8,224,658
1.250%, 03/31/28		7,080,000		6,110,648
1.250%, 06/30/28		7,779,500		6,661,805
1.250%, 08/15/31		770,000		601,833
1.375%, 11/15/31		2,148,500		1,684,055
1.500%, 02/15/30		1,105,000		915,941
1.625%, 05/15/31		3,640,000		2,955,225
1.875%, 02/28/29		9,200,000		7,989,625
1.875%, 02/15/32		18,050,000		14,662,100
2.000%, 11/15/26		910,000		837,022
2.250%, 02/15/27		550,000		507,525
2.500%, 02/28/26		405,000		382,946
2.750%, 04/30/27		15,000,000		14,026,758
2.750%, 07/31/27		6,113,000		5,694,403
2.750%, 05/31/29		1,080,000		978,413
2.875%, 05/15/28		6,936,100		6,427,814
2.875%, 04/30/29		23,000,000		21,004,570
2.875%, 05/15/32		3,365,000		2,953,708
3.125%, 08/31/27		6,570,000		6,200,694
3.125%, 08/31/29		6,485,000		5,976,333
3.375%, 05/15/33		10,280,000		9,322,675
4.000%, 10/31/29		13,000,000		12,551,602
U.S. Treasury STRIPS Coupon
Zero Coupon, 11/15/26		1,014,129		874,299
Zero Coupon, 08/15/27		400,000		333,946
Zero Coupon, 11/15/27		570,000		470,505
Zero Coupon, 05/15/28		15,030,000		12,130,262
Zero Coupon, 08/15/28		250,000		199,657
Zero Coupon, 02/15/30		6,300,000		4,684,150
Zero Coupon, 05/15/30		700,000		514,861
Zero Coupon, 08/15/30		3,925,000		2,849,727
Zero Coupon, 11/15/30		5,425,000		3,893,867
Zero Coupon, 02/15/31		1,775,000		1,260,614

BHFTI-165

Brighthouse Funds Trust I

JPMorgan Core Bond Portfolio

Schedule of Investments as of September 30, 2023 (Unaudited)

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

Security Description	Principal Amount*		Value
U.S. Treasury—(Continued)
U.S. Treasury STRIPS Coupon
Zero Coupon, 11/15/31		3,000,000	$	2,055,216
Zero Coupon, 02/15/32		12,900,000		8,725,688
Zero Coupon, 05/15/32		800,000		534,661
Zero Coupon, 08/15/33		400,000		250,705
Zero Coupon, 11/15/33		1,000,000		619,827
Zero Coupon, 02/15/34		2,000,000		1,221,966
Zero Coupon, 08/15/34		2,600,000		1,549,954
Zero Coupon, 05/15/35		4,000,000		2,296,073
				332,467,255
Total U.S. Treasury & Government Agencies (Cost $827,785,498)				705,803,940
Corporate Bonds & Notes—28.1%
Aerospace/Defense—0.6%
BAE Systems PLC 1.900%, 02/15/31 (144A)		720,000		555,545
3.000%, 09/15/50 (144A)		332,000		203,579
Boeing Co. 2.196%, 02/04/26		905,000		830,956
2.750%, 02/01/26		592,000		552,949
3.100%, 05/01/26		360,000		336,137
3.250%, 03/01/28		659,000		592,203
4.875%, 05/01/25		435,000		427,526
5.040%, 05/01/27 (f)		335,000		327,081
5.150%, 05/01/30 (f)		675,000		644,961
5.705%, 05/01/40		550,000		507,431
L3Harris Technologies, Inc. 5.400%, 07/31/33		704,000		676,736
Northrop Grumman Corp. 3.850%, 04/15/45		182,000		135,509
RTX Corp. 2.820%, 09/01/51		1,260,000		721,388
3.750%, 11/01/46		550,000		389,459
4.350%, 04/15/47		133,000		103,509
4.500%, 06/01/42		550,000		449,931
5.150%, 02/27/33		582,000		551,134
				8,006,034
Agriculture—0.3%
Altria Group, Inc. 2.450%, 02/04/32		1,250,000		942,972
BAT Capital Corp. 2.259%, 03/25/28 (f)		465,000		393,264
3.734%, 09/25/40		310,000		207,888
4.390%, 08/15/37		660,000		505,037
4.540%, 08/15/47		544,000		374,458
BAT International Finance PLC 1.668%, 03/25/26 (f)		345,000		310,833
Bunge Ltd. Finance Corp. 2.750%, 05/14/31		1,205,000		975,987
Reynolds American, Inc. 7.000%, 08/04/41		570,000		533,483
				4,243,922
Airlines—0.6%
Air Canada Pass-Through Trust 3.300%, 01/15/30 (144A)		380,928		333,259
3.550%, 01/15/30 (144A)		540,144		459,262
4.125%, 05/15/25 (144A)		649,722		618,877
British Airways Pass-Through Trust 3.300%, 12/15/32 (144A)		480,509		413,606
3.800%, 09/20/31 (144A)		436,684		401,300
4.125%, 09/20/31 (144A)		586,703		518,590
Continental Airlines Pass-Through Trust 4.000%, 10/29/24		105,945		103,407
Spirit Airlines Pass-Through Trust 3.375%, 02/15/30		213,273		185,193
United Airlines Pass-Through Trust 3.100%, 10/07/28		684,435		587,733
3.500%, 03/01/30		985,894		873,751
3.700%, 03/01/30		930,447		797,012
4.000%, 04/11/26		336,524		319,712
4.150%, 08/25/31		1,017,741		922,254
4.300%, 08/15/25		461,412		441,472
4.600%, 03/01/26		451,423		425,504
				7,400,932
Auto Manufacturers—0.5%
General Motors Financial Co., Inc. 1.200%, 10/15/24		410,000		389,681
1.250%, 01/08/26		1,376,000		1,229,834
2.350%, 01/08/31		424,000		320,709
2.700%, 06/10/31		1,050,000		803,629
Hyundai Capital America 1.300%, 01/08/26 (144A)		325,000		292,640
1.500%, 06/15/26 (144A)		645,000		572,870
1.800%, 10/15/25 (144A)		380,000		349,415
1.800%, 01/10/28 (144A)		635,000		531,987
2.375%, 10/15/27 (144A)		400,000		346,294
3.000%, 02/10/27 (144A)		240,000		217,439
Stellantis Finance U.S., Inc. 2.691%, 09/15/31 (144A)		606,000		467,068
Volkswagen Group of America Finance LLC 1.625%, 11/24/27 (144A)		300,000		255,697
				5,777,263
Auto Parts & Equipment—0.0%
Lear Corp. 2.600%, 01/15/32		355,000		268,031
Banks—8.4%
ABN AMRO Bank NV 2.470%, 1Y H15 + 1.100%, 12/13/29 (144A) (a) (f)		200,000		165,158
AIB Group PLC 4.263%, 3M LIBOR + 1.874%, 04/10/25 (144A) (a)		425,000		418,949
Australia & New Zealand Banking Group Ltd. 4.400%, 05/19/26 (144A)		200,000		190,711
Banco Nacional de Panama 2.500%, 08/11/30 (144A) (f)		950,000		736,377

BHFTI-166

Brighthouse Funds Trust I

JPMorgan Core Bond Portfolio

Schedule of Investments as of September 30, 2023 (Unaudited)

Corporate Bonds & Notes—(Continued)

Security Description	Principal Amount*		Value
Banks—(Continued)
Banco Santander SA 1.722%, 1Y H15 + 0.900%, 09/14/27 (a)		200,000	$	174,881
1.849%, 03/25/26		600,000		539,596
2.746%, 05/28/25		600,000		565,066
5.147%, 08/18/25		200,000		195,801
5.588%, 08/08/28		1,600,000		1,565,184
Bank of America Corp. 1.658%, SOFR + 0.910%, 03/11/27 (a)		2,045,000		1,834,760
1.898%, SOFR + 1.530%, 07/23/31 (a)		445,000		338,136
2.087%, SOFR + 1.060%, 06/14/29 (a)		1,018,000		852,203
2.572%, SOFR + 1.210%, 10/20/32 (a)		855,000		656,976
3.366%, 3M TSFR + 1.072%, 01/23/26 (a)		600,000		576,804
3.705%, 3M TSFR + 1.774%, 04/24/28 (a)		2,500,000		2,302,482
3.970%, 3M TSFR + 1.332%, 03/05/29 (a)		382,000		349,922
4.250%, 10/22/26		520,000		493,980
4.376%, SOFR + 1.580%, 04/27/28 (a)		1,100,000		1,038,680
5.080%, SOFR + 1.290%, 01/20/27 (a)		864,000		844,519
5.202%, SOFR + 1.630%, 04/25/29 (a)		1,460,000		1,406,423
5.288%, SOFR + 1.910%, 04/25/34 (a)		1,600,000		1,488,818
5.819%, SOFR + 1.570%, 09/15/29 (a)		1,580,000		1,560,609
Bank of Ireland Group PLC 2.029%, 1Y H15 + 1.100%, 09/30/27 (144A) (a)		655,000		573,829
6.253%, 1Y H15 + 2.650%, 09/16/26 (144A) (a)		862,000		856,597
Bank of Montreal 3.803%, 5Y USD Swap + 1.432%, 12/15/32 (a)		433,000		378,218
5.717%, 09/25/28		960,000		949,799
Bank of Nova Scotia 4.850%, 02/01/30 (f)		1,040,000		979,360
Banque Federative du Credit Mutuel SA 1.604%, 10/04/26 (144A)		840,000		739,779
5.790%, 07/13/28 (144A)		855,000		848,446
5.896%, 07/13/26 (144A)		995,000		989,507
Barclays PLC 1.007%, 1Y H15 + 0.800%, 12/10/24 (a)		1,102,000		1,090,001
2.894%, 1Y H15 + 1.300%, 11/24/32 (a)		460,000		346,156
6.496%, SOFR + 1.880%, 09/13/27 (a)		1,655,000		1,650,609
BNP Paribas SA 2.159%, SOFR + 1.218%, 09/15/29 (144A) (a)		1,346,000		1,109,808
2.219%, SOFR + 2.074%, 06/09/26 (144A) (a)		402,000		375,151
3.132%, SOFR + 1.561%, 01/20/33 (144A) (a)		586,000		460,412
BPCE SA 1.000%, 01/20/26 (144A)		570,000		509,739
1.652%, SOFR + 1.520%, 10/06/26 (144A) (a)		534,000		484,621
2.277%, SOFR + 1.312%, 01/20/32 (144A) (a)		415,000		310,459
3.375%, 12/02/26		700,000		647,924
4.625%, 07/11/24 (144A)		400,000		392,352
Citigroup, Inc. 2.561%, SOFR + 1.167%, 05/01/32 (a)		915,000		708,299
3.057%, SOFR + 1.351%, 01/25/33 (a)		527,000		416,613
3.668%, 3M TSFR + 1.652%, 07/24/28 (a)		1,952,000		1,790,596
3.878%, 3M TSFR + 1.430%, 01/24/39 (a)		150,000		116,152
4.300%, 11/20/26		750,000		711,085
4.400%, 06/10/25 (f)		566,000		549,209
4.450%, 09/29/27		1,294,000		1,214,870
Commonwealth Bank of Australia 3.305%, 03/11/41 (144A) †		355,000		227,149
Banks—(Continued)
Cooperatieve Rabobank UA 3.750%, 07/21/26		513,000		477,681
4.375%, 08/04/25		424,000		409,156
Credit Agricole SA 1.247%, SOFR + 0.892%, 01/26/27 (144A) (a)		2,283,000		2,039,122
1.907%, SOFR + 1.676%, 06/16/26 (144A) (a)		750,000		697,215
2.811%, 01/11/41 (144A) †		410,000		251,980
4.375%, 03/17/25 (144A)		295,000		285,058
Credit Suisse AG 1.250%, 08/07/26		1,750,000		1,529,432
7.950%, 01/09/25		1,073,000		1,091,973
Danske Bank AS 6.466%, 1Y H15 + 2.100%, 01/09/26 (144A) (a)		440,000		439,195
Deutsche Bank AG 2.129%, SOFR + 1.870%, 11/24/26 (a)		615,000		556,176
3.035%, SOFR + 1.718%, 05/28/32 (a)		1,351,000		1,033,834
Discover Bank 4.250%, 03/13/26		1,229,000		1,163,232
DNB Bank ASA 1.605%, 1Y H15 + 0.680%, 03/30/28 (144A) (a)		1,030,000		884,732
Federation des Caisses Desjardins du Quebec 5.700%, 03/14/28 (144A)		700,000		690,981
Fifth Third Bancorp 8.250%, 03/01/38		200,000		213,179
Goldman Sachs Group, Inc. 1.431%, SOFR + 0.798%, 03/09/27 (a)		2,000,000		1,780,579
1.948%, SOFR + 0.913%, 10/21/27 (a)		781,000		689,586
1.992%, SOFR + 1.090%, 01/27/32 (a)		950,000		712,142
2.640%, SOFR + 1.114%, 02/24/28 (a)		920,000		820,368
3.691%, 3M TSFR + 1.772%, 06/05/28 (a)		2,614,000		2,409,042
4.411%, 3M TSFR + 1.692%, 04/23/39 (a)		445,000		366,264
HSBC Holdings PLC 2.206%, SOFR + 1.285%, 08/17/29 (a)		630,000		519,266
2.357%, SOFR + 1.947%, 08/18/31 (a)		890,000		683,612
3.900%, 05/25/26		200,000		189,232
4.041%, 3M TSFR + 1.808%, 03/13/28 (a)		432,000		399,793
4.292%, 3M TSFR + 1.609%, 09/12/26 (a)		300,000		288,234
6.100%, 01/14/42 (f)		370,000		368,611
6.500%, 09/15/37		930,000		873,031
7.390%, SOFR + 3.350%, 11/03/28 (a)		910,000		941,433
ING Groep NV 1.726%, SOFR + 1.005%, 04/01/27 (a)		285,000		254,987
6.083%, SOFR + 1.560%, 09/11/27 (a)		930,000		925,867
KeyCorp 4.789%, SOFR + 2.060%, 06/01/33 (a)		170,000		141,704
Lloyds Banking Group PLC 1.627%, 1Y H15 + 0.850%, 05/11/27 (a)		720,000		638,589
4.500%, 11/04/24		685,000		669,563
4.582%, 12/10/25		400,000		382,534
Macquarie Bank Ltd. 3.052%, 5Y H15 + 1.700%, 03/03/36 (144A) (a)		825,000		615,225
Macquarie Group Ltd. 5.033%, 3M LIBOR + 1.750%, 01/15/30 (144A) (a)		1,820,000		1,737,044
6.207%, 11/22/24 (144A)		913,000		912,590
Mitsubishi UFJ Financial Group, Inc.
1.538%, 1Y H15 + 0.750%, 07/20/27 (a)		660,000		584,581

BHFTI-167

Brighthouse Funds Trust I

JPMorgan Core Bond Portfolio

Schedule of Investments as of September 30, 2023 (Unaudited)

Corporate Bonds & Notes—(Continued)

Security Description	Principal Amount*		Value
Banks—(Continued)
Mitsubishi UFJ Financial Group, Inc.
2.048%, 07/17/30		1,020,000	$	794,657
3.751%, 07/18/39 (f)		615,000		480,300
5.242%, 1Y H15 + 1.700%, 04/19/29 (a) (f)		430,000		417,961
Mizuho Financial Group, Inc. 1.234%, 1Y H15 + 0.670%, 05/22/27 (a)		772,000		681,272
2.226%, 3M TSFR + 1.092%, 05/25/26 (a)		795,000		743,032
2.869%, 3M TSFR + 1.572%, 09/13/30 (a)		539,000		449,165
5.778%, 1Y H15 + 1.650%, 07/06/29 (a)		790,000		779,029
Morgan Stanley 2.720%, SOFR + 1.152%, 07/22/25 (a)		251,000		243,591
3.591%, 07/22/28 (a)		1,067,000		973,509
3.772%, 3M TSFR + 1.402%, 01/24/29 (a)		278,000		253,495
4.300%, 01/27/45		400,000		316,042
4.431%, 3M TSFR + 1.890%, 01/23/30 (a)		1,157,000		1,070,392
4.457%, 3M TSFR + 1.693%, 04/22/39 (a)		850,000		709,753
5.123%, SOFR + 1.730%, 02/01/29 (a)		380,000		365,946
5.164%, SOFR + 1.590%, 04/20/29 (a)		1,215,000		1,168,897
5.449%, SOFR + 1.630%, 07/20/29 (a)		275,000		267,979
National Australia Bank Ltd. 2.332%, 08/21/30 (144A)		470,000		355,368
3.933%, 5Y H15 + 1.880%, 08/02/34 (144A) (a)		800,000		683,560
NatWest Group PLC 3.754%, 5Y H15 + 2.100%, 11/01/29 (a)		700,000		666,500
4.269%, 3M LIBOR + 1.762%, 03/22/25 (a)		480,000		474,859
4.800%, 04/05/26		1,037,000		1,001,632
4.892%, 3M LIBOR + 1.754%, 05/18/29 (a)		290,000		271,236
5.808%, 1Y H15 + 1.950%, 09/13/29 (a)		570,000		552,936
6.016%, 1Y H15 + 2.100%, 03/02/34 (a)		565,000		542,244
Nordea Bank Abp 5.375%, 09/22/27 (144A)		555,000		541,965
PNC Financial Services Group, Inc. 5.068%, SOFR + 1.933%, 01/24/34 (a)		964,000		874,203
Santander U.K. Group Holdings PLC 1.673%, SOFR + 0.989%, 06/14/27 (a)		680,000		594,795
6.534%, SOFR + 2.600%, 01/10/29 (a)		1,300,000		1,287,965
6.833%, SOFR + 2.749%, 11/21/26 (a)		871,000		875,878
Societe Generale SA 1.488%, 1Y H15 + 1.100%, 12/14/26 (144A) (a)		1,552,000		1,385,573
1.792%, 1Y H15 + 1.000%, 06/09/27 (144A) (a)		720,000		634,651
2.889%, 1Y H15 + 1.300%, 06/09/32 (144A) (a)		1,670,000		1,263,559
4.250%, 04/14/25 (144A)		785,000		753,913
Standard Chartered PLC 1.456%, 1Y H15 + 1.000%, 01/14/27 (144A) (a)		1,073,000		957,908
2.819%, 3M LIBOR + 1.209%, 01/30/26 (144A) (a)		740,000		703,909
4.866%, 5Y USD ICE Swap + 1.970%, 03/15/33 (144A) (a)		300,000		268,506
Sumitomo Mitsui Financial Group, Inc. 3.010%, 10/19/26		212,000		195,187
3.040%, 07/16/29		1,020,000		871,330
5.520%, 01/13/28		960,000		946,890
5.710%, 01/13/30		960,000		939,282
Swedbank AB 6.136%, 09/12/26 (144A)		885,000		881,387
Toronto-Dominion Bank 5.523%, 07/17/28		520,000		513,260
5.532%, 07/17/26		1,390,000		1,379,869
Banks—(Continued)
Truist Financial Corp. 6.047%, SOFR + 2.050%, 06/08/27 (a)		900,000		890,210
UBS Group AG 1.305%, SOFR + 0.980%, 02/02/27 (144A) (a)		810,000		718,314
2.193%, SOFR + 2.044%, 06/05/26 (144A) (a)		360,000		334,821
2.593%, SOFR + 1.560%, 09/11/25 (144A) (a)		314,000		302,219
3.869%, 3M LIBOR + 1.410%, 01/12/29 (144A) (a)		905,000		819,734
4.282%, 01/09/28 (144A)		783,000		719,914
UniCredit SpA 1.982%, 1Y H15 + 1.200%, 06/03/27 (144A) (a)		345,000		304,763
2.569%, 1Y H15 + 2.300%, 09/22/26 (144A) (a)		710,000		650,415
5.861%, 5Y USD ICE Swap + 3.703%, 06/19/32 (144A) (a)		455,000		414,123
7.296%, 5Y USD ICE Swap + 4.914%, 04/02/34 (144A) (a)		230,000		216,667
Wells Fargo & Co. 4.650%, 11/04/44		595,000		462,651
5.375%, 11/02/43		1,005,000		871,330
5.557%, SOFR + 1.990%, 07/25/34 (a)		425,000		402,425
5.574%, SOFR + 1.740%, 07/25/29 (a)		1,220,000		1,190,222
Westpac Banking Corp. 3.133%, 11/18/41		693,000		425,871
4.322%, 5Y USD ICE Swap + 2.236%, 11/23/31 (a)		1,050,000		972,553
				107,219,215
Beverages—0.3%
Anheuser-Busch Cos. LLC/Anheuser-Busch InBev Worldwide, Inc. 4.700%, 02/01/36		1,103,000		1,010,939
Anheuser-Busch InBev Finance, Inc. 4.625%, 02/01/44		185,000		158,383
Anheuser-Busch InBev Worldwide, Inc. 4.375%, 04/15/38		1,300,000		1,127,006
4.439%, 10/06/48		950,000		782,247
Coca-Cola Femsa SAB de CV 1.850%, 09/01/32		515,000		383,145
2.750%, 01/22/30		276,000		234,592
Constellation Brands, Inc. 5.250%, 11/15/48		180,000		159,540
Molson Coors Beverage Co. 4.200%, 07/15/46		249,000		187,261
				4,043,113
Biotechnology—0.4%
Amgen, Inc. 1.650%, 08/15/28		430,000		362,011
3.000%, 01/15/52 (f)		595,000		359,440
5.250%, 03/02/33		955,000		912,941
5.600%, 03/02/43		500,000		464,841
5.650%, 03/02/53		515,000		482,000
Baxalta, Inc. 5.250%, 06/23/45 (f)		27,000		24,048
Gilead Sciences, Inc. 2.600%, 10/01/40		945,000		623,769
Regeneron Pharmaceuticals, Inc. 1.750%, 09/15/30		1,000,000		769,450
Royalty Pharma PLC 1.200%, 09/02/25		303,000		275,352
2.150%, 09/02/31		447,000		334,501
				4,608,353

BHFTI-168

Brighthouse Funds Trust I

JPMorgan Core Bond Portfolio

Schedule of Investments as of September 30, 2023 (Unaudited)

Corporate Bonds & Notes—(Continued)

Security Description	Principal Amount*		Value
Building Materials—0.2%
CRH America Finance, Inc. 3.400%, 05/09/27 (144A)		214,000	$	197,601
Lennox International, Inc. 1.350%, 08/01/25		1,630,000		1,501,258
Martin Marietta Materials, Inc. 3.450%, 06/01/27		499,000		463,162
Masco Corp. 2.000%, 10/01/30		260,000		199,044
6.500%, 08/15/32		720,000		725,296
				3,086,361
Chemicals—0.2%
Albemarle Corp. 5.450%, 12/01/44		350,000		301,031
DuPont de Nemours, Inc. 5.319%, 11/15/38		945,000		883,952
EIDP, Inc. 4.500%, 05/15/26		802,000		781,167
International Flavors & Fragrances, Inc. 1.832%, 10/15/27 (144A)		330,000		274,090
Nutrien Ltd. 3.000%, 04/01/25		200,000		191,136
4.125%, 03/15/35		620,000		516,198
				2,947,574
Commercial Services—0.6%
ERAC USA Finance LLC 7.000%, 10/15/37 (144A)		500,000		541,151
Ford Foundation 2.815%, 06/01/70		275,000		151,103
Global Payments, Inc. 2.900%, 05/15/30 (f)		211,000		172,983
2.900%, 11/15/31 (f)		404,000		316,926
3.200%, 08/15/29		1,437,000		1,222,049
5.300%, 08/15/29		272,000		259,392
Pepperdine University 3.301%, 12/01/59		450,000		272,713
Quanta Services, Inc. 2.350%, 01/15/32		855,000		641,583
2.900%, 10/01/30		1,110,000		905,361
S&P Global, Inc. 2.900%, 03/01/32		581,000		478,175
4.250%, 05/01/29		1,056,000		996,881
Triton Container International Ltd. 1.150%, 06/07/24 (144A)		850,000		817,980
University of Southern California 3.226%, 10/01/2120		440,000		241,615
Verisk Analytics, Inc. 5.750%, 04/01/33		635,000		631,439
				7,649,351
Computers—0.3%
Apple, Inc. 2.700%, 08/05/51		965,000		587,610
3.750%, 11/13/47		200,000		155,087
3.850%, 08/04/46		362,000		286,441
Computers—(Continued)
CGI, Inc. 1.450%, 09/14/26		659,000		581,307
2.300%, 09/14/31		1,184,000		888,686
Dell International LLC/EMC Corp. 6.020%, 06/15/26		610,000		612,378
Leidos, Inc. 2.300%, 02/15/31		365,000		280,695
				3,392,204
Cosmetics/Personal Care—0.2%
Estee Lauder Cos., Inc. 2.600%, 04/15/30		1,470,000		1,233,360
Haleon U.S. Capital LLC 3.375%, 03/24/29 (f)		780,000		699,470
				1,932,830
Distribution/Wholesale—0.0%
WW Grainger, Inc. 4.600%, 06/15/45		190,000		162,543
Diversified Financial Services—1.9%
AerCap Ireland Capital DAC/AerCap Global Aviation Trust 1.750%, 01/30/26		393,000		354,671
2.450%, 10/29/26		390,000		349,321
2.875%, 08/14/24		770,000		747,893
3.000%, 10/29/28		485,000		415,877
3.300%, 01/30/32		460,000		365,659
4.450%, 04/03/26		478,000		458,902
6.100%, 01/15/27		990,000		985,153
6.500%, 07/15/25		208,000		208,240
Air Lease Corp. 2.875%, 01/15/26		600,000		558,642
3.250%, 03/01/25		484,000		463,246
3.250%, 10/01/29		1,065,000		906,063
3.375%, 07/01/25		1,266,000		1,202,693
Aviation Capital Group LLC 5.500%, 12/15/24 (144A)		698,000		686,194
Avolon Holdings Funding Ltd. 2.125%, 02/21/26 (144A)		445,000		398,624
2.528%, 11/18/27 (144A)		5,211,000		4,398,874
2.875%, 02/15/25 (144A)		1,839,000		1,736,196
4.250%, 04/15/26 (144A)		885,000		831,808
4.375%, 05/01/26 (144A)		540,000		507,026
5.250%, 05/15/24 (144A)		805,000		797,258
5.500%, 01/15/26 (144A)		1,140,000		1,103,620
BOC Aviation Ltd. 3.500%, 10/10/24 (144A)		385,000		374,555
Brookfield Finance, Inc. 3.900%, 01/25/28 (f)		358,000		329,737
4.700%, 09/20/47		84,000		65,425
4.850%, 03/29/29		485,000		459,055
Capital One Financial Corp.
1.878%, SOFR + 0.855%, 11/02/27 (a)		324,000		281,960
2.618%, SOFR + 1.265%, 11/02/32 (a)		735,000		538,592
4.200%, 10/29/25		200,000		190,709

BHFTI-169

Brighthouse Funds Trust I

JPMorgan Core Bond Portfolio

Schedule of Investments as of September 30, 2023 (Unaudited)

Corporate Bonds & Notes—(Continued)

Security Description	Principal Amount*		Value
Diversified Financial Services—(Continued)
Capital One Financial Corp.
4.985%, SOFR + 2.160%, 07/24/26 (a) (f)		540,000	$	523,937
6.312%, SOFR + 2.640%, 06/08/29 (a)		570,000		557,059
LSEGA Financing PLC 2.000%, 04/06/28 (144A)		1,445,000		1,227,222
Nasdaq, Inc. 5.550%, 02/15/34		300,000		286,336
Nomura Holdings, Inc. 2.648%, 01/16/25		845,000		806,103
2.679%, 07/16/30		540,000		428,753
Park Aerospace Holdings Ltd. 5.500%, 02/15/24 (144A)		96,000		95,522
				23,640,925
Electric—2.7%
AEP Transmission Co. LLC 3.150%, 09/15/49		225,000		144,292
Alexander Funding Trust 1.841%, 11/15/23 (144A)		800,000		794,711
Baltimore Gas & Electric Co. 5.200%, 06/15/33		1,510,000		1,422,827
Berkshire Hathaway Energy Co. 6.125%, 04/01/36		325,000		326,506
CenterPoint Energy, Inc. 1.450%, 06/01/26		699,000		626,063
Cleveland Electric Illuminating Co. 4.550%, 11/15/30 (144A)		250,000		227,496
Constellation Energy Generation LLC 5.750%, 10/01/41		260,000		234,584
5.800%, 03/01/33		790,000		770,277
6.250%, 10/01/39		160,000		154,982
Consumers Energy Co. 4.350%, 08/31/64		191,000		140,477
Delmarva Power & Light Co. 4.150%, 05/15/45		500,000		376,627
Dominion Energy, Inc. 2.850%, 08/15/26		183,000		169,019
DTE Electric Co. 5.700%, 10/01/37		300,000		282,475
Duke Energy Corp. 6.100%, 09/15/53		660,000		640,079
Duke Energy Indiana LLC 3.750%, 05/15/46		350,000		247,022
Duke Energy Progress LLC 2.900%, 08/15/51		470,000		277,168
4.100%, 03/15/43		200,000		154,195
4.375%, 03/30/44		247,000		197,204
5.700%, 04/01/35		360,000		351,137
Duquesne Light Holdings, Inc.
2.532%, 10/01/30 (144A)		450,000		349,948
2.775%, 01/07/32 (144A)		280,000		208,227
3.616%, 08/01/27 (144A)		1,050,000		940,185
Edison International 3.550%, 11/15/24		1,180,000		1,146,648
Electric—(Continued)
Emera U.S. Finance LP 4.750%, 06/15/46		500,000		368,865
Enel Finance International NV 3.500%, 04/06/28 (144A)		465,000		417,868
Entergy Arkansas LLC 2.650%, 06/15/51		285,000		158,785
Entergy Corp. 2.950%, 09/01/26		194,000		179,318
Entergy Louisiana LLC 2.400%, 10/01/26		414,000		377,316
2.900%, 03/15/51		390,000		229,393
3.050%, 06/01/31		195,000		162,020
Evergy Metro, Inc. 5.300%, 10/01/41		315,000		284,899
Fells Point Funding Trust 3.046%, 01/31/27 (144A)		1,895,000		1,718,352
Florida Power & Light Co. 5.625%, 04/01/34		1,250,000		1,251,415
Fortis, Inc. 3.055%, 10/04/26		929,000		851,432
ITC Holdings Corp. 2.950%, 05/14/30 (144A)		330,000		273,702
Jersey Central Power & Light Co. 6.150%, 06/01/37		200,000		196,242
Massachusetts Electric Co. 4.004%, 08/15/46 (144A)		402,000		274,549
Mid-Atlantic Interstate Transmission LLC 4.100%, 05/15/28 (144A)		340,000		316,399
Nevada Power Co. 5.375%, 09/15/40		223,000		200,705
6.650%, 04/01/36		360,000		369,056
New England Power Co. 3.800%, 12/05/47 (144A)		280,000		199,136
New York State Electric & Gas Corp. 3.250%, 12/01/26 (144A)		434,000		398,957
NextEra Energy Capital Holdings, Inc. 5.749%, 09/01/25		1,340,000		1,336,237
Niagara Mohawk Power Corp. 1.960%, 06/27/30 (144A)		700,000		545,096
Northern States Power Co. 6.500%, 03/01/28		628,000		643,575
NRG Energy, Inc. 2.000%, 12/02/25 (144A)		560,000		506,764
2.450%, 12/02/27 (144A)		625,000		529,792
Ohio Power Co. 2.900%, 10/01/51		635,000		376,392
Oncor Electric Delivery Co. LLC 3.100%, 09/15/49		670,000		425,296
Pacific Gas & Electric Co. 2.950%, 03/01/26		1,905,000		1,754,573
3.450%, 07/01/25		600,000		569,178
3.750%, 08/15/42		245,000		157,162
4.300%, 03/15/45		420,000		284,213
6.400%, 06/15/33		615,000		592,758
PacifiCorp 5.500%, 05/15/54 (f)		45,000		38,165

BHFTI-170

Brighthouse Funds Trust I

JPMorgan Core Bond Portfolio

Schedule of Investments as of September 30, 2023 (Unaudited)

Corporate Bonds & Notes—(Continued)

Security Description	Principal Amount*		Value
Electric—(Continued)
Pennsylvania Electric Co. 3.250%, 03/15/28 (144A)		113,000	$	101,391
PG&E Recovery Funding LLC 5.536%, 07/15/47		630,000		593,239
PG&E Wildfire Recovery Funding LLC 4.263%, 06/01/36		465,000		420,012
5.099%, 06/01/52		675,000		604,714
5.212%, 12/01/47		360,000		327,933
Progress Energy, Inc. 7.000%, 10/30/31		200,000		210,682
Public Service Co. of Oklahoma 6.625%, 11/15/37		600,000		605,844
Puget Energy, Inc. 2.379%, 06/15/28		853,000		729,673
San Diego Gas & Electric Co. 2.950%, 08/15/51		635,000		384,518
SCE Recovery Funding LLC 4.697%, 06/15/40		650,000		605,055
Sigeco Securitization I LLC 5.026%, 11/15/38		616,000		587,649
Southern California Edison Co. 3.650%, 03/01/28		500,000		460,951
5.550%, 01/15/36		500,000		463,704
5.875%, 12/01/53		713,000		670,064
Southern Power Co. 5.150%, 09/15/41		400,000		342,962
Southwestern Public Service Co. 4.500%, 08/15/41		250,000		200,137
Tampa Electric Co. 4.450%, 06/15/49		500,000		389,216
Toledo Edison Co. 6.150%, 05/15/37		400,000		400,681
Virginia Electric & Power Co. 4.450%, 02/15/44		126,000		100,310
6.000%, 05/15/37		685,000		678,933
				35,047,427
Electronics—0.0%
Arrow Electronics, Inc. 3.875%, 01/12/28		376,000		342,873
Engineering & Construction—0.0%
Mexico City Airport Trust 5.500%, 07/31/47 (144A)		200,000		152,126
Food—0.5%
Bimbo Bakeries USA, Inc. 4.000%, 05/17/51 (144A) (f)		695,000		491,892
Campbell Soup Co. 3.125%, 04/24/50		287,000		174,583
Conagra Brands, Inc. 5.300%, 11/01/38		205,000		180,283
JBS USA LUX SA/JBS USA Food Co./JBS Luxembourg Sarl 6.750%, 03/15/34 (144A)		910,000		885,421
Kellogg Co. 5.250%, 03/01/33		747,000		713,781
Food—(Continued)
Kraft Heinz Foods Co. 4.375%, 06/01/46		460,000		358,451
4.625%, 10/01/39		600,000		506,792
Kroger Co. 8.000%, 09/15/29		610,000		680,394
McCormick & Co., Inc. 2.500%, 04/15/30		1,239,000		1,011,459
Smithfield Foods, Inc. 3.000%, 10/15/30 (144A)		1,160,000		886,715
5.200%, 04/01/29 (144A)		1,100,000		1,004,709
				6,894,480
Gas—0.4%
APA Infrastructure Ltd. 4.200%, 03/23/25 (144A)		700,000		680,786
4.250%, 07/15/27 (144A)		687,000		647,942
Atmos Energy Corp. 4.150%, 01/15/43		460,000		367,249
Brooklyn Union Gas Co. 4.273%, 03/15/48 (144A)		500,000		347,239
KeySpan Gas East Corp. 2.742%, 08/15/26 (144A)		345,000		314,188
NiSource, Inc. 1.700%, 02/15/31 (f)		570,000		426,272
2.950%, 09/01/29		465,000		400,774
Southern California Gas Co. 2.550%, 02/01/30		829,000		685,890
Southern Co. Gas Capital Corp. 3.950%, 10/01/46		212,000		147,960
4.400%, 06/01/43		375,000		284,303
6.000%, 10/01/34		1,000,000		938,631
Southwest Gas Corp. 3.800%, 09/29/46		332,000		222,177
				5,463,411
Healthcare-Products—0.1%
Thermo Fisher Scientific, Inc. 2.000%, 10/15/31 (f)		1,065,000		826,009
Healthcare-Services—0.9%
Aetna, Inc. 6.625%, 06/15/36		297,000		306,036
Bon Secours Mercy Health, Inc. 3.205%, 06/01/50		625,000		391,456
Children’s Hospital Corp. 2.585%, 02/01/50		430,000		246,619
2.928%, 07/15/50		540,000		317,388
CommonSpirit Health 1.547%, 10/01/25		435,000		399,011
2.782%, 10/01/30		430,000		353,938
3.910%, 10/01/50		425,000		301,416
Cottage Health Obligated Group 3.304%, 11/01/49		500,000		330,436
Elevance Health, Inc.
4.101%, 03/01/28		460,000		433,373

BHFTI-171

Brighthouse Funds Trust I

JPMorgan Core Bond Portfolio

Schedule of Investments as of September 30, 2023 (Unaudited)

Corporate Bonds & Notes—(Continued)

Security Description	Principal Amount*		Value
Healthcare-Services—(Continued)
Elevance Health, Inc.
4.650%, 08/15/44		324,000	$	268,067
Hackensack Meridian Health, Inc. 2.675%, 09/01/41		1,180,000		774,386
2.875%, 09/01/50		700,000		419,568
Hartford HealthCare Corp. 3.447%, 07/01/54		1,100,000		710,465
HCA, Inc. 3.500%, 07/15/51		397,000		247,922
5.125%, 06/15/39 (f)		565,000		489,431
5.250%, 06/15/26		1,540,000		1,507,641
5.500%, 06/15/47		445,000		379,834
Memorial Health Services 3.447%, 11/01/49		995,000		682,282
MultiCare Health System 2.803%, 08/15/50		365,000		204,230
MyMichigan Health 3.409%, 06/01/50		245,000		157,133
Nationwide Children’s Hospital, Inc. 4.556%, 11/01/52		181,000		153,351
NYU Langone Hospitals 3.380%, 07/01/55		410,000		260,568
Piedmont Healthcare, Inc. 2.864%, 01/01/52		620,000		362,522
Providence St Joseph Health Obligated Group 2.746%, 10/01/26		210,000		191,925
Texas Health Resources 2.328%, 11/15/50		340,000		181,095
4.330%, 11/15/55		250,000		202,657
UnitedHealth Group, Inc. 3.250%, 05/15/51		900,000		591,442
5.875%, 02/15/53		405,000		406,441
Yale-New Haven Health Services Corp. 2.496%, 07/01/50		580,000		311,110
				11,581,743
Insurance—0.8%
AIA Group Ltd. 3.600%, 04/09/29 (144A)		495,000		450,017
3.900%, 04/06/28 (144A)		415,000		389,623
AIG SunAmerica Global Financing X 6.900%, 03/15/32 (144A)		500,000		518,317
Athene Global Funding 1.450%, 01/08/26 (144A)		420,000		374,301
2.500%, 01/14/25 (144A)		115,000		108,685
2.750%, 06/25/24 (144A)		890,000		866,130
2.950%, 11/12/26 (144A)		2,125,000		1,907,093
Berkshire Hathaway Finance Corp. 3.850%, 03/15/52 (f)		620,000		462,465
4.300%, 05/15/43		831,000		703,629
Corebridge Financial, Inc. 3.850%, 04/05/29		390,000		350,331
F&G Global Funding 1.750%, 06/30/26 (144A)		585,000		516,474
Guardian Life Insurance Co. of America 4.850%, 01/24/77 (144A)		156,000		117,025
Insurance—(Continued)
Hanover Insurance Group, Inc. 2.500%, 09/01/30		380,000		291,261
Hartford Financial Services Group, Inc. 4.300%, 04/15/43		400,000		308,876
Liberty Mutual Insurance Co. 8.500%, 05/15/25 (144A)		800,000		809,430
New York Life Global Funding 3.000%, 01/10/28 (144A)		485,000		438,742
New York Life Insurance Co. 4.450%, 05/15/69 (144A)		625,000		458,945
Northwestern Mutual Global Funding 1.700%, 06/01/28 (144A)		620,000		523,809
Pacific Life Insurance Co. 4.300%, 3M LIBOR + 2.796%, 10/24/67 (144A) † (a)		200,000		140,400
				9,735,553
Internet—0.3%
Amazon.com, Inc. 3.950%, 04/13/52		1,270,000		981,643
eBay, Inc. 2.600%, 05/10/31		2,500,000		2,003,641
Meta Platforms, Inc. 5.600%, 05/15/53		835,000		790,294
				3,775,578
Iron/Steel—0.2%
Nucor Corp. 2.979%, 12/15/55		250,000		142,180
Reliance Steel & Aluminum Co. 1.300%, 08/15/25		1,810,000		1,658,952
Steel Dynamics, Inc. 1.650%, 10/15/27		630,000		534,966
				2,336,098
Machinery-Diversified—0.2%
Deere & Co. 8.100%, 05/15/30		400,000		460,429
Nvent Finance Sarl 4.550%, 04/15/28		562,000		526,336
Otis Worldwide Corp. 2.565%, 02/15/30		1,110,000		920,270
5.250%, 08/16/28		770,000		756,887
				2,663,922
Media—0.7%
Charter Communications Operating LLC/Charter Communications Operating Capital 3.500%, 03/01/42		775,000		478,926
3.700%, 04/01/51		840,000		488,790
4.800%, 03/01/50		935,000		653,814
6.834%, 10/23/55		400,000		353,460
Comcast Corp.
2.887%, 11/01/51		1,131,000		666,543
2.937%, 11/01/56		663,000		376,800

BHFTI-172

Brighthouse Funds Trust I

JPMorgan Core Bond Portfolio

Schedule of Investments as of September 30, 2023 (Unaudited)

Corporate Bonds & Notes—(Continued)

Security Description	Principal Amount*		Value
Media—(Continued)
Comcast Corp.
2.987%, 11/01/63		42,000	$	23,228
3.900%, 03/01/38		591,000		482,679
4.200%, 08/15/34		556,000		485,727
4.250%, 01/15/33		1,880,000		1,690,951
Cox Communications, Inc. 2.950%, 10/01/50 (144A)		630,000		347,596
Discovery Communications LLC 5.200%, 09/20/47 (f)		485,000		367,701
Paramount Global 4.850%, 07/01/42		255,000		171,710
5.900%, 10/15/40		125,000		97,365
TCI Communications, Inc. 7.125%, 02/15/28		801,000		848,880
Time Warner Cable LLC 5.500%, 09/01/41		1,000,000		782,233
				8,316,403
Mining—0.3%
Barrick Gold Corp. 6.450%, 10/15/35		300,000		303,901
BHP Billiton Finance USA Ltd. 5.250%, 09/08/30		1,130,000		1,103,653
Glencore Funding LLC 2.500%, 09/01/30 (144A)		2,270,000		1,794,297
				3,201,851
Miscellaneous Manufacturing—0.0%
Parker-Hannifin Corp. 4.450%, 11/21/44		333,000		269,687
Oil & Gas—0.8%
Aker BP ASA 2.000%, 07/15/26 (144A)		262,000		233,831
BP Capital Markets America, Inc. 2.939%, 06/04/51		1,260,000		769,305
Coterra Energy, Inc. 3.900%, 05/15/27		710,000		666,745
Ecopetrol SA 4.125%, 01/16/25		433,000		417,908
EQT Corp. 3.900%, 10/01/27 (f)		200,000		184,995
Exxon Mobil Corp. 2.995%, 08/16/39		690,000		503,255
3.095%, 08/16/49		860,000		569,204
HF Sinclair Corp. 5.875%, 04/01/26		409,000		407,743
Jonah Energy LLC 7.800%, 11/10/37 (144A)		1,693,047		1,626,849
Phillips 66 Co. 3.150%, 12/15/29		330,000		285,450
3.550%, 10/01/26		100,000		94,189
4.900%, 10/01/46		560,000		464,638
Pioneer Natural Resources Co. 1.900%, 08/15/30		800,000		627,641
Oil & Gas—(Continued)
Saudi Arabian Oil Co. 1.625%, 11/24/25 (144A)		220,000		200,752
Suncor Energy, Inc. 5.950%, 12/01/34		668,000		642,946
7.875%, 06/15/26		544,000		568,180
TotalEnergies Capital International SA 2.986%, 06/29/41		900,000		627,238
3.127%, 05/29/50		870,000		567,037
3.461%, 07/12/49		660,000		458,698
Valero Energy Corp. 2.150%, 09/15/27		391,000		344,696
7.500%, 04/15/32		126,000		137,160
				10,398,460
Oil & Gas Services—0.0%
Halliburton Co. 4.750%, 08/01/43		215,000		175,749
4.850%, 11/15/35		270,000		242,810
				418,559
Packaging & Containers—0.1%
Graphic Packaging International LLC 1.512%, 04/15/26 (144A)		894,000		796,401
Pharmaceuticals—0.9%
AbbVie, Inc. 3.200%, 11/21/29		1,583,000		1,396,916
4.050%, 11/21/39		1,682,000		1,376,081
4.400%, 11/06/42		600,000		498,877
4.450%, 05/14/46		220,000		179,728
AstraZeneca PLC 6.450%, 09/15/37		350,000		378,110
Becton Dickinson & Co. 3.794%, 05/20/50		103,000		74,210
Bristol-Myers Squibb Co. 4.125%, 06/15/39		527,000		439,487
4.550%, 02/20/48		427,000		356,344
Cigna Group 4.800%, 07/15/46		156,000		129,542
CVS Health Corp. 4.300%, 03/25/28 (f)		179,000		169,408
5.050%, 03/25/48 (f)		2,065,000		1,715,696
CVS Pass-Through Trust 4.704%, 01/10/36 (144A)		614,275		551,423
5.773%, 01/10/33 (144A)		569,285		554,617
8.353%, 07/10/31 (144A)		112,302		119,365
Mylan, Inc. 4.550%, 04/15/28		350,000		321,935
5.400%, 11/29/43		400,000		310,705
Pfizer Investment Enterprises Pte. Ltd. 5.300%, 05/19/53 (f)		1,265,000		1,175,378
Takeda Pharmaceutical Co. Ltd. 3.025%, 07/09/40		945,000		656,131
3.175%, 07/09/50		440,000		278,431
Viatris, Inc. 3.850%, 06/22/40		412,000		268,331

BHFTI-173

Brighthouse Funds Trust I

JPMorgan Core Bond Portfolio

Schedule of Investments as of September 30, 2023 (Unaudited)

Corporate Bonds & Notes—(Continued)

Security Description	Principal Amount*		Value
Pharmaceuticals—(Continued)
Zoetis, Inc. 2.000%, 05/15/30		590,000	$	472,280
				11,422,995
Pipelines—0.8%
ANR Pipeline Co. 7.375%, 02/15/24		226,000		225,347
Boardwalk Pipelines LP 3.400%, 02/15/31		630,000		523,159
Buckeye Partners LP 5.850%, 11/15/43		575,000		419,747
Cameron LNG LLC 3.701%, 01/15/39 (144A)		769,000		591,278
Enbridge, Inc. 5.700%, 03/08/33		680,000		651,439
Energy Transfer LP 3.900%, 07/15/26		117,000		110,733
4.150%, 09/15/29		443,000		401,225
4.950%, 05/15/28		290,000		277,443
4.950%, 01/15/43		394,000		305,785
5.300%, 04/01/44		200,000		162,770
5.500%, 06/01/27		167,000		164,378
6.000%, 06/15/48		270,000		239,635
6.100%, 02/15/42		500,000		450,091
Enterprise Products Operating LLC 4.950%, 10/15/54		179,000		151,222
5.100%, 02/15/45		200,000		176,966
Flex Intermediate Holdco LLC 3.363%, 06/30/31 (144A)		1,100,000		854,969
4.317%, 12/30/39 (144A)		425,000		291,933
Galaxy Pipeline Assets Bidco Ltd. 2.940%, 09/30/40 (144A)		759,880		584,852
Gray Oak Pipeline LLC 2.600%, 10/15/25 (144A)		1,300,000		1,198,122
Kinder Morgan, Inc. 5.050%, 02/15/46		250,000		199,952
ONEOK Partners LP 6.650%, 10/01/36		950,000		942,931
Sabine Pass Liquefaction LLC 4.500%, 05/15/30 (f)		400,000		366,824
Southern Natural Gas Co. LLC 4.800%, 03/15/47 (144A)		244,000		186,921
TransCanada PipeLines Ltd. 4.750%, 05/15/38		300,000		250,446
				9,728,168
Real Estate—0.1%
GAIF Bond Issuer Pty. Ltd. 3.400%, 09/30/26 (144A)		632,000		583,428
Ontario Teachers’ Cadillac Fairview Properties Trust 3.875%, 03/20/27 (144A)		603,000		554,183
				1,137,611
Real Estate Investment Trusts—1.6%
Alexandria Real Estate Equities, Inc. 1.875%, 02/01/33		410,000		290,256
2.000%, 05/18/32 (f)		710,000		516,181
3.800%, 04/15/26		175,000		166,892
4.000%, 02/01/50		566,000		394,797
American Tower Corp. 1.500%, 01/31/28		965,000		799,774
1.875%, 10/15/30		845,000		639,431
2.100%, 06/15/30		470,000		365,789
2.950%, 01/15/51		255,000		143,793
3.100%, 06/15/50		390,000		227,400
3.375%, 10/15/26		287,000		267,188
3.700%, 10/15/49		665,000		434,591
Brixmor Operating Partnership LP 2.250%, 04/01/28		600,000		505,250
2.500%, 08/16/31 (f)		325,000		245,731
3.850%, 02/01/25		500,000		481,686
Corporate Office Properties LP 2.750%, 04/15/31		1,153,000		865,389
Equinix, Inc. 2.000%, 05/15/28		1,388,000		1,170,558
2.900%, 11/18/26		875,000		803,205
Essex Portfolio LP 2.650%, 03/15/32		565,000		434,838
Extra Space Storage LP 2.400%, 10/15/31		390,000		298,572
3.500%, 07/01/26		1,000,000		935,630
Goodman U.S. Finance Three LLC 3.700%, 03/15/28 (144A)		387,000		346,941
Healthcare Realty Holdings LP 2.000%, 03/15/31		470,000		352,248
Healthpeak OP LLC 3.500%, 07/15/29		600,000		529,248
Mid-America Apartments LP 1.700%, 02/15/31		470,000		359,285
NNN REIT, Inc. 3.600%, 12/15/26		453,000		420,980
Physicians Realty LP 2.625%, 11/01/31		405,000		305,031
Prologis LP 2.250%, 04/15/30		200,000		163,218
Public Storage Operating Co. 1.950%, 11/09/28		490,000		414,981
2.250%, 11/09/31		411,000		321,438
Realty Income Corp. 3.000%, 01/15/27		200,000		183,336
Regency Centers LP 2.950%, 09/15/29 (f)		560,000		476,614
Sabra Health Care LP 3.200%, 12/01/31		660,000		493,853
Safehold GL Holdings LLC 2.800%, 06/15/31		2,220,000		1,659,122
Scentre Group Trust 1/Scentre Group Trust 2 3.500%, 02/12/25 (144A)		720,000		694,283
Scentre Group Trust 2 4.750%, 5Y H15 + 4.379%, 09/24/80 (144A) (a)		635,000		570,269

BHFTI-174

Brighthouse Funds Trust I

JPMorgan Core Bond Portfolio

Schedule of Investments as of September 30, 2023 (Unaudited)

Corporate Bonds & Notes—(Continued)

Security Description	Principal Amount*		Value
Real Estate Investment Trusts—(Continued)
SITE Centers Corp. 4.700%, 06/01/27		226,000	$	209,224
UDR, Inc. 2.100%, 08/01/32		470,000		338,941
2.950%, 09/01/26		233,000		215,506
3.000%, 08/15/31 (f)		95,000		77,151
3.200%, 01/15/30		625,000		535,377
Ventas Realty LP 3.500%, 02/01/25		197,000		189,566
3.850%, 04/01/27		369,000		342,236
Welltower OP LLC 3.100%, 01/15/30		445,000		376,719
6.500%, 03/15/41		225,000		220,923
WP Carey, Inc. 2.250%, 04/01/33 (f)		845,000		602,811
4.250%, 10/01/26		285,000		272,002
				20,658,254
Retail—0.4%
7-Eleven, Inc. 1.800%, 02/10/31 (144A)		400,000		303,279
2.500%, 02/10/41 (144A)		409,000		250,193
Alimentation Couche-Tard, Inc. 3.439%, 05/13/41 (144A)		780,000		518,826
3.625%, 05/13/51 (144A)		870,000		538,212
3.800%, 01/25/50 (144A)		625,000		405,831
AutoZone, Inc. 1.650%, 01/15/31		530,000		398,491
Home Depot, Inc. 4.950%, 09/15/52 (f)		596,000		533,056
Lowe’s Cos., Inc. 1.700%, 10/15/30		1,085,000		831,990
2.625%, 04/01/31		700,000		566,227
McDonald’s Corp. 4.450%, 03/01/47 (f)		180,000		146,617
4.700%, 12/09/35		84,000		76,636
6.300%, 10/15/37		152,000		158,331
O’Reilly Automotive, Inc. 3.600%, 09/01/27		494,000		461,323
				5,189,012
Semiconductors—0.6%
Analog Devices, Inc. 2.800%, 10/01/41		722,000		481,955
Broadcom, Inc. 1.950%, 02/15/28 (144A)		1,800,000		1,534,499
3.137%, 11/15/35 (144A)		1,685,000		1,228,503
3.187%, 11/15/36 (144A)		465,000		333,864
Intel Corp. 5.625%, 02/10/43		795,000		758,112
5.700%, 02/10/53		490,000		459,498
KLA Corp. 3.300%, 03/01/50		610,000		405,373
NXP BV/NXP Funding LLC/NXP USA, Inc. 2.500%, 05/11/31		1,085,000		847,178
3.250%, 05/11/41		1,115,000		750,164
Semiconductors—(Continued)
QUALCOMM, Inc. 4.500%, 05/20/52		460,000		377,204
Texas Instruments, Inc. 5.050%, 05/18/63		681,000		603,589
				7,779,939
Software—0.4%
Fiserv, Inc. 3.200%, 07/01/26		305,000		285,180
4.400%, 07/01/49		295,000		225,981
Microsoft Corp. 3.041%, 03/17/62		149,000		94,335
Oracle Corp. 2.300%, 03/25/28		630,000		545,808
3.800%, 11/15/37		900,000		686,706
3.850%, 07/15/36		124,000		98,042
3.900%, 05/15/35		106,000		86,626
4.300%, 07/08/34		103,000		88,585
4.900%, 02/06/33		820,000		755,819
5.550%, 02/06/53		580,000		508,175
VMware, Inc. 1.400%, 08/15/26		1,306,000		1,152,031
4.650%, 05/15/27		425,000		409,858
Workday, Inc. 3.500%, 04/01/27		852,000		794,946
				5,732,092
Telecommunications—0.6%
AT&T, Inc. 2.750%, 06/01/31 (f)		620,000		496,002
3.550%, 09/15/55		396,000		242,415
3.650%, 06/01/51		2,795,000		1,802,199
Deutsche Telekom AG 3.625%, 01/21/50 (144A)		276,000		188,515
NBN Co. Ltd. 2.625%, 05/05/31 (144A)		1,600,000		1,289,527
Rogers Communications, Inc. 4.550%, 03/15/52		545,000		397,534
Sprint Capital Corp. 6.875%, 11/15/28		362,000		373,764
Sprint LLC 7.625%, 03/01/26		248,000		254,874
T-Mobile USA, Inc. 3.600%, 11/15/60		385,000		238,163
5.050%, 07/15/33		905,000		839,669
Verizon Communications, Inc. 2.100%, 03/22/28		250,000		214,735
2.650%, 11/20/40		779,000		493,121
4.125%, 03/16/27		113,000		107,469
Vodafone Group PLC 5.625%, 02/10/53 (f)		275,000		243,699
6.150%, 02/27/37		500,000		492,407
				7,674,093

BHFTI-175

Brighthouse Funds Trust I

JPMorgan Core Bond Portfolio

Schedule of Investments as of September 30, 2023 (Unaudited)

Corporate Bonds & Notes—(Continued)

Security Description	Principal Amount*		Value
Transportation—0.2%
Burlington Northern Santa Fe LLC 3.550%, 02/15/50		233,000	$	165,578
7.950%, 08/15/30		1,185,000		1,340,295
Canadian Pacific Railway Co. 4.700%, 05/01/48		597,000		494,157
CSX Corp. 4.750%, 11/15/48		404,000		341,608
6.000%, 10/01/36		300,000		304,322
Norfolk Southern Corp. 3.942%, 11/01/47		219,000		162,900
Union Pacific Corp. 4.100%, 09/15/67		200,000		144,950
				2,953,810
Water—0.0%
American Water Capital Corp. 2.800%, 05/01/30		750,000		634,343
Total Corporate Bonds & Notes (Cost $420,035,265)				359,509,549
Asset-Backed Securities—12.3%
Asset-Backed - Automobile—3.5%
Carvana Auto Receivables Trust 3.040%, 04/15/25 (144A)		374,103		373,311
5.920%, 07/10/29 (144A)		1,805,000		1,760,236
6.160%, 09/10/29 (144A)		1,430,000		1,427,866
Credit Acceptance Auto Loan Trust 0.960%, 02/15/30 (144A)		942,177		929,981
6.390%, 08/15/33 (144A)		1,600,000		1,595,650
8.450%, 02/15/33 (144A)		2,600,000		2,649,497
Credito Real USA Auto Receivables Trust 1.350%, 02/16/27 (144A)		120,284		119,277
Drive Auto Receivables Trust 1.020%, 06/15/27		330,447		326,554
1.450%, 01/16/29		1,600,000		1,514,226
3.180%, 10/15/26		499,547		498,913
DT Auto Owner Trust 1.100%, 02/16/27 (144A)		1,432,000		1,400,312
4.220%, 01/15/27 (144A)		3,290,000		3,236,569
5.790%, 02/15/29 (144A)		2,391,000		2,353,367
Exeter Automobile Receivables Trust 5.980%, 12/15/28		2,800,000		2,745,618
6.210%, 06/15/28		1,600,000		1,588,643
Flagship Credit Auto Trust 1.960%, 12/15/27 (144A)		3,650,000		3,405,376
2.180%, 02/16/27 (144A)		650,000		608,369
GLS Auto Receivables Issuer Trust 1.200%, 01/15/27 (144A)		197,058		195,609
1.420%, 04/15/27 (144A)		2,250,000		2,091,241
1.480%, 07/15/27 (144A)		4,400,000		4,048,443
1.680%, 01/15/27 (144A)		1,200,000		1,144,942
6.010%, 05/15/29 (144A)		1,251,000		1,242,522
OneMain Direct Auto Receivables Trust 7.070%, 02/14/33 (144A)		1,838,000		1,814,650
Santander Drive Auto Receivables Trust 4.140%, 02/16/27		3,495,486		3,463,843
Asset-Backed - Automobile—(Continued)
Sonoran Auto Receivables Trust 4.750%, 07/15/24		232,795		228,721
4.750%, 06/15/25		407,497		404,277
U.S. Auto Funding LLC 1.490%, 03/17/25 (144A)		995,991		987,657
Westlake Automobile Receivables Trust 5.740%, 08/15/28 (144A)		2,105,000		2,080,315
				44,235,985
Asset-Backed - Credit Card—0.2%
Consumer Receivables Asset Investment Trust 9.058%, 3M TSFR + 3.750%, 12/15/24 (144A) (a)		446,959		447,832
Continental Finance Credit Card ABS Master Trust 2.240%, 12/15/28 (144A)		1,500,000		1,457,246
				1,905,078
Asset-Backed - Other—8.6%
Accelerated Assets LLC 1.900%, 10/20/40 (144A)		996,196		895,513
American Homes 4 Rent Trust 3.467%, 04/17/52 (144A)		1,050,955		1,011,109
3.678%, 12/17/36 (144A)		83,555		81,299
4.201%, 12/17/36 (144A)		400,000		389,814
4.290%, 10/17/36 (144A)		300,000		294,032
4.596%, 12/17/36 (144A)		250,000		243,889
5.036%, 10/17/52 (144A)		1,900,000		1,844,272
5.639%, 04/17/52 (144A)		500,000		491,380
6.231%, 10/17/36 (144A)		650,000		643,238
6.418%, 12/17/36 (144A)		300,000		297,457
AMSR Trust 1.355%, 11/17/37 (144A)		2,300,000		2,087,126
2.327%, 10/17/38 (144A)		1,694,000		1,438,375
4.387%, 03/17/39 (144A)		3,000,000		2,685,522
Bridge Trust 4.450%, 11/17/37 (144A)		2,257,000		2,118,084
Business Jet Securities LLC 2.162%, 04/15/36 (144A)		871,824		792,866
2.918%, 04/15/36 (144A)		1,813,993		1,611,012
2.981%, 11/15/35 (144A)		492,062		461,323
BXG Receivables Note Trust 6.310%, 11/15/38 (144A)		2,196,196		2,135,855
Cars Net Lease Mortgage Notes 3.100%, 12/15/50 (144A)		591,750		480,374
CFIN Issuer LLC 3.250%, 02/16/26 (144A)		2,576,434		2,411,285
COOF Securitization Trust Ltd. 2.847%, 06/25/40 (144A) (a) (b)		297,269		20,739
CoreVest American Finance Trust. 2.705%, 10/15/52 (144A)		923,778		878,873
3.880%, 03/15/52 (144A)		2,470,000		2,445,324
Crossroads Asset Trust 1.440%, 01/20/26 (144A)		1,533,904		1,516,372
DataBank Issuer 2.060%, 02/27/51 (144A)		1,950,000		1,712,422
Diversified Abs Phase III LLC 4.875%, 04/28/39 (144A)		3,524,781		3,108,504
Diversified Abs Phase VI LLC 7.500%, 11/28/39		1,615,737		1,554,824
FirstKey Homes Trust
2.668%, 10/19/37 (144A)		3,700,000		3,367,728

BHFTI-176

Brighthouse Funds Trust I

JPMorgan Core Bond Portfolio

Schedule of Investments as of September 30, 2023 (Unaudited)

Asset-Backed Securities—(Continued)

Security Description	Principal Amount*		Value
Asset-Backed - Other—(Continued)
FirstKey Homes Trust
5.197%, 05/17/39 (144A)		1,320,000	$	1,223,846
FMC GMSR Issuer Trust 3.620%, 07/25/26 (144A) (a)		3,300,000		2,706,017
3.690%, 02/25/24		5,000,000		4,755,000
3.850%, 10/25/26 (144A) (a)		2,680,000		2,199,250
4.450%, 01/25/26 (144A) (a)		3,100,000		2,684,215
Foundation Finance Trust 3.860%, 11/15/34 (144A)		167,119		165,123
9.100%, 06/15/49 (144A)		2,000,000		1,999,740
Gold Key Resorts LLC 3.220%, 03/17/31 (144A)		4,671		4,645
Goodgreen Trust 2.760%, 04/15/55 (144A)		984,644		829,857
3.260%, 10/15/53 (144A)		1,103,382		978,955
3.740%, 10/15/52 (144A)		228,638		204,650
5.000%, 10/20/51		1,080,628		1,029,947
5.900%, 01/17/61 (144A)		1,941,606		1,813,630
HERO Funding Trust 3.080%, 09/20/42 (144A)		181,408		156,100
3.950%, 09/20/48 (144A)		696,118		599,941
4.460%, 09/20/47 (144A)		577,211		508,485
Hilton Grand Vacations Trust 2.660%, 12/26/28 (144A)		108,730		108,314
Jonah Energy Abs I LLC 7.200%, 12/10/37 (144A)		1,360,399		1,325,328
KGS-Alpha SBA COOF Trust 0.544%, 05/25/39 (144A) (a) (b)		1,214,912		14,355
0.799%, 08/25/38 (144A) (a) (b)		913,693		15,766
1.608%, 03/25/39 (144A) (a) (b)		894,823		28,890
2.980%, 04/25/40 (144A) (a) (b)		231,632		16,525
Lendmark Funding Trust 5.600%, 05/20/33 (144A)		2,055,000		1,995,137
6.160%, 05/20/33 (144A)		1,065,000		1,041,902
LFT CRE Ltd. 7.397%, 1M TSFR + 2.064%, 06/15/39 (144A) (a)		3,280,000		3,063,110
NRZ Excess Spread-Collateralized Notes 3.104%, 07/25/26 (144A)		3,120,471		2,787,622
3.228%, 05/25/26 (144A)		1,636,712		1,488,541
3.474%, 11/25/26 (144A)		2,106,971		1,897,624
3.844%, 12/25/25 (144A)		1,231,200		1,148,467
Oportun Funding XIV LLC 1.210%, 03/08/28 (144A)		615,292		591,382
Oportun Issuance Trust 5.050%, 06/09/31 (144A)		3,600,000		3,504,432
PNMAC GMSR Issuer Trust 9.565%, SOFR30A + 4.250%, 05/25/27 (144A) (a)		2,650,000		2,659,525
PRET LLC 2.487%, 10/25/51 (144A) (a)		4,083,485		3,702,439
Progress Residential Trust 2.409%, 05/17/38 (144A)		1,960,000		1,702,216
2.425%, 07/17/38 (144A)		2,535,000		2,191,893
3.930%, 02/17/41 (144A)		3,150,000		2,638,566
5.200%, 04/17/39 (144A)		2,435,000		2,235,433
Regional Management Issuance Trust 3.040%, 03/17/31 (144A)		3,409,000		2,944,320
Asset-Backed - Other—(Continued)
Renew Financial Group LLC 3.670%, 09/20/52 (144A)		282,688		250,146
Sierra Timeshare Receivables Funding LLC 1.330%, 07/20/37 (144A)		505,616		473,571
SOL SpA 4.160%, 02/09/30		392,727		382,218
Upstart Securitization Trust 1.890%, 03/20/31 (144A)		51,898		51,742
VM Debt Trust 7.460%, 07/18/27 (g) (h)		3,999,346		3,649,403
VOLT C LLC 1.992%, 05/25/51 (144A) (i)		974,123		900,516
VOLT CI LLC 1.992%, 05/25/51 (144A) (i)		1,300,383		1,187,578
VOLT XCII LLC 1.893%, 02/27/51 (144A) (i)		781,483		734,564
VOLT XCIII LLC 1.893%, 02/27/51 (144A) (i)		2,604,203		2,419,349
VOLT XCIV LLC 2.240%, 02/27/51 (144A) (i)		1,953,300		1,840,491
VOLT XCV LLC 2.240%, 03/27/51 (144A) (i)		676,446		648,042
VOLT XCVII LLC 2.240%, 04/25/51 (144A) (i)		1,714,236		1,596,611
VSE VOI Mortgage LLC 3.560%, 02/20/36 (144A)		281,001		272,447
				110,386,477
Asset-Backed - Student Loan—0.0%
Academic Loan Funding Trust 6.229%, SOFR30A + 0.914%, 12/26/44 (144A) (a)		440,152		426,124
Total Asset-Backed Securities (Cost $167,667,617)				156,953,664
Mortgage-Backed Securities—3.5%
Collateralized Mortgage Obligations—1.2%
Ajax Mortgage Loan Trust 2.239%, 06/25/66 (144A) (i)		1,813,449		1,714,780
Global Mortgage Securitization Ltd. 5.754%, 1M TSFR + 0.434%, 11/25/32 (144A) (a)		87,874		84,583
HarborView Mortgage Loan Trust 4.278%, 05/19/34 (a)		279,248		265,342
Impac CMB Trust 6.174%, 1M TSFR + 0.854%, 11/25/34 (a)		548,605		533,274
JP Morgan Mortgage Trust 5.594%, 08/25/34 (a)		40,470		40,173
LHOME Mortgage Trust 2.090%, 02/25/26 (144A) (a)		353,807		352,020
Merrill Lynch Mortgage Investors Trust 5.894%, 1M TSFR + 0.574%, 04/25/29 (a)		100,160		93,214
5.934%, 1M TSFR + 0.614%, 05/25/29 (a)		187,757		179,267
6.054%, 1M TSFR + 0.734%, 10/25/28 (a)		117,664		107,904
6.074%, 1M TSFR + 0.754%, 10/25/28 (a)		154,222		143,365
6.184%, 6M TSFR + 1.108%, 01/25/29 (a)		122,396		117,595

BHFTI-177

Brighthouse Funds Trust I

JPMorgan Core Bond Portfolio

Schedule of Investments as of September 30, 2023 (Unaudited)

Mortgage-Backed Securities—(Continued)

Security Description	Principal Amount*		Value
Collateralized Mortgage Obligations—(Continued)
Preston Ridge Partners Mortgage LLC 1.867%, 04/25/26 (144A) (i)		1,029,604	$	965,898
2.115%, 01/25/26 (144A) (a)		1,851,163		1,743,481
Sequoia Mortgage Trust 6.039%, 1M TSFR + 0.714%, 12/20/34 (a)		335,818		297,676
6.079%, 1M TSFR + 0.754%, 01/20/34 (a)		172,245		160,400
6.099%, 1M TSFR + 0.774%, 07/20/33 (a)		253,998		230,774
6.119%, 1M TSFR + 0.794%, 10/20/34 (a)		373,081		334,256
6.199%, 1M TSFR + 0.874%, 04/20/33 (a)		181,761		162,959
Structured Asset Mortgage Investments II Trust 6.142%, 1M TSFR + 0.814%, 01/19/34 (a)		433,475		405,031
6.142%, 1M TSFR + 0.814%, 03/19/34 (a)		369,428		338,659
Structured Asset Mortgage Investments Trust 6.342%, 1M TSFR + 1.014%, 05/19/33 (a)		285,328		265,527
Structured Asset Securities Corp. Mortgage Pass-Through Certificates 5.476%, 11/25/33 (a)		91,613		89,891
Thornburg Mortgage Securities Trust 3.805%, 12/25/44 (a)		252,257		232,723
3.901%, 04/25/45 (a)		450,647		420,133
6.074%, 1M TSFR + 0.754%, 09/25/43 (a)		198,188		184,630
Towd Point Mortgage Trust 2.918%, 11/30/60 (144A) (a)		4,344,026		3,425,825
VM Master Issuer LLC 5.163%, 05/24/25 (144A) (a)		2,900,000		2,834,320
				15,723,700
Commercial Mortgage-Backed Securities—2.3%
BAMLL Commercial Mortgage Securities Trust 4.354%, 08/15/46 (144A) (a)		1,200,000		741,123
BB-UBS Trust 3.430%, 11/05/36 (144A)		2,950,000		2,705,208
Citigroup Commercial Mortgage Trust 2.717%, 02/15/53		4,330,000		3,566,067
Commercial Mortgage Trust 0.882%, 07/10/45 (144A) (a) (b)		29,477,272		247,314
2.896%, 02/10/37 (144A)		3,050,000		2,877,678
3.942%, 04/10/33 (144A) (a)		1,450,000		1,294,327
CSMC Trust 4.373%, 09/15/37 (144A)		1,000,000		713,035
Independence Plaza Trust 3.763%, 07/10/35 (144A)		2,935,000		2,754,907
Ladder Capital Commercial Mortgage Trust 3.985%, 02/15/36 (144A)		768,000		652,323
MRCD Mortgage Trust 2.718%, 12/15/36 (144A)		1,997,000		1,198,632
RBS Commercial Funding, Inc. Trust 3.260%, 03/11/31 (144A)		521,822		469,738
RR Trust
Zero Coupon, 04/26/48 (144A) (c)		8,830,000		7,894,004
SLG Office Trust 2.585%, 07/15/41 (144A)		3,090,000		2,409,681
Commercial Mortgage-Backed Securities—(Continued)
Wells Fargo Commercial Mortgage Trust 6.598%, 1M TSFR + 1.264%, 02/15/40 (144A) (a)		973,498		929,588
WFRBS Commercial Mortgage Trust 4.195%, 03/15/45 (144A) (a)		300,000		210,170
				28,663,795
Total Mortgage-Backed Securities (Cost $48,292,460)				44,387,495
Foreign Government—0.5%
Sovereign—0.5%
Chile Government International Bond 2.550%, 01/27/32 (f)		394,000		318,148
Israel Government AID Bond
Zero Coupon, 08/15/25		2,500,000		2,241,905
Mexico Government International Bonds 2.659%, 05/24/31 (f)		848,000		669,101
3.500%, 02/12/34		577,000		451,160
3.771%, 05/24/61		625,000		366,220
4.350%, 01/15/47		228,000		160,805
4.600%, 01/23/46		959,000		706,396
4.600%, 02/10/48		200,000		145,574
5.750%, 10/12/10		500,000		396,710
Panama Government International Bond 4.500%, 04/16/50		350,000		237,757
Saudi Government International Bond 2.250%, 02/02/33 (144A)		490,000		375,181
Total Foreign Government (Cost $7,676,558)				6,068,957
Municipals—0.1%
Texas Natural Gas Securitization Finance Corp. 5.169%, 04/01/41 (Cost $720,000)		720,000		687,454
Short-Term Investment—0.0%
Repurchase Agreement—0.0%
Fixed Income Clearing Corp. Repurchase Agreement dated 09/29/23 at 2.500%, due on 10/02/23 with a maturity value of $474,611; collateralized by U.S. Treasury Note at 0.750%, maturing 04/30/26, with a market value of $484,054.		474,512		474,512
Total Short-Term Investments (Cost $474,512)				474,512

BHFTI-178

Brighthouse Funds Trust I

JPMorgan Core Bond Portfolio

Schedule of Investments as of September 30, 2023 (Unaudited)

Securities Lending Reinvestments (j)—0.2%

Security Description	Shares/ Principal Amount*		Value
Repurchase Agreements—0.1%
Cantor Fitzgerald & Co. Repurchase Agreement dated 09/29/23 at 5.320%, due on 10/02/23 with a maturity value of $400,177; collateralized by U.S. Government Agency Obligations with rates ranging from 1.500% - 7.267%, maturity dates ranging from 02/01/24 - 08/20/71, and an aggregate market value of $408,000.		400,000	$	400,000
Citigroup Global Markets, Inc. Repurchase Agreement dated 09/29/23 at 5.470%, due on 10/06/23 with a maturity value of $50,830; collateralized by U.S. Treasury Obligations with rates ranging from 0.250% - 5.403%, maturity dates ranging from 01/31/24 - 10/31/25, and various Common Stock with an aggregate market value of $51,793.		50,776		50,776
ING Financial Markets LLC Repurchase Agreement dated 09/29/23 at 5.300%, due on 10/02/23 with a maturity value of $217,356; collateralized by U.S. Treasury Obligations with rates ranging from 0.000% - 4.500%, maturity dates ranging from 10/12/23 - 02/15/50, and an aggregate market value of $221,605.		217,260		217,260
National Bank Financial, Inc. Repurchase Agreement dated 09/29/23 at 5.320%, due on 10/02/23 with a maturity value of $200,089; collateralized by U.S. Treasury Obligations with rates ranging from 0.625% - 3.875%, maturity dates ranging from 01/15/26 - 11/15/41, and an aggregate market value of $204,956.		200,000		200,000
National Bank of Canada Repurchase Agreement dated 09/29/23 at 5.320%, due on 10/06/23 with a maturity value of $200,207; collateralized by U.S. Treasury Obligations with rates ranging from 0.000% - 4.000%, maturity dates ranging from 10/12/23 - 02/15/32, and an aggregate market value of $204,956.		200,000		200,000
Societe Generale Repurchase Agreement dated 09/29/23 at 5.420%, due on 10/02/23 with a maturity value of $51,522; collateralized by various Common Stock with an aggregate market value of $57,319.		51,499		51,499
TD Prime Services LLC Repurchase Agreement dated 09/29/23 at 5.420%, due on 10/02/23 with a maturity value of $250,113; collateralized by various Common Stock with an aggregate market value of $275,124.		250,000		250,000
				1,369,535
Mutual Funds—0.1%
RBC U.S. Government Money Market Fund, Institutional Shares 5.270% (k)		300,000		300,000
State Street Institutional U.S. Government Money Market Fund, Premier Class 5.290% (k)		300,000		300,000
Mutual Funds—(Continued)
Western Asset Institutional Government Reserves Fund, Institutional Class 5.250% (k)		300,000		300,000
				900,000
Total Securities Lending Reinvestments (Cost $2,269,535)				2,269,535
Total Investment—99.9% (Cost $1,474,921,445)				1,276,155,106
Other assets and liabilities (net)—0.1%				1,501,911
Net Assets—100.0%			$	1,277,657,017

*	Principal amount stated in U.S. dollars unless otherwise noted.
†	Restricted securities are not registered under the Securities Act of 1933 and are subject to legal restrictions on resale. These securities generally may be resold in transactions exempt from registration or to the public if the securities are subsequently registered. Disposal of these securities may involve time-consuming negotiations and prompt sale at an acceptable price may be difficult. As of September 30, 2023, the market value of restricted securities was $619,529, which is 0.0% of net assets. See details shown in the Restricted Securities table that follows.
(a)	Variable or floating rate security. The stated rate represents the rate at September 30, 2023. 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)	Principal 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)	Principal amount of security is adjusted for inflation.
(f)	All or a portion of the security was held on loan. As of September 30, 2023, the market value of securities loaned was $9,080,707 and the collateral received consisted of cash in the amount of $2,269,535 and non-cash collateral with a value of $7,097,001. 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.
(g)	Security was valued in good faith under procedures subject to oversight by the Board of Trustees. As of September 30, 2023, these securities represent 0.3% of net assets.
(h)	Significant unobservable inputs were used in the valuation of this portfolio security; i.e. Level 3.
(i)	Security is a “step-up” bond where coupon increases or steps up at a predetermined date. Rate shown is current coupon rate.
(j)	Represents investment of cash collateral received from securities on loan as of September 30, 2023.
(k)	The rate shown represents the annualized seven-day yield as of September 30, 2023.
(144A)	Securities exempt from registration under Rule 144A of the Securities Act of 1933. These securities may be resold in transactions exempt from registration, normally to qualified institutional buyers. As of September 30, 2023, the market value of 144A securities was $273,472,336, which is 21.4% of net assets.

BHFTI-179

Brighthouse Funds Trust I

JPMorgan Core Bond Portfolio

Schedule of Investments as of September 30, 2023 (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	$	227,149
Credit Agricole SA, 2.811%, 01/11/41		01/05/21		410,000		410,000		251,980
Pacific Life Insurance Co., 4.300%, 10/24/67		10/17/17		200,000		199,838		140,400
							$	619,529

Glossary of Abbreviations

Index Abbreviations

(H15)—	U.S. Treasury Yield Curve Rate T-Note Constant Maturity Index
(LIBOR)—	London Interbank Offered Rate
(SOFR)—	Secured Overnight Financing Rate
(RFUCCT)—	Refinitiv USD IBOR Consumer Cash Fallbacks Term
(SOFR30A)—	Secured Overnight Financing Rate 30-Day Average
(TSFR)—	Term Secured Overnight Financing Rate

Other Abbreviations

(ACES)—	Alternative Credit Enhancement Securities
(DAC)—	Designated Activity Company
(ICE)—	Intercontinental Exchange, Inc.
(REMIC)—	Real Estate Mortgage Investment Conduit

Fair Value Hierarchy

Accounting principles generally accepted in the United States of America (“GAAP”) define fair market value as the price that the Portfolio would receive to sell an asset or pay to transfer a liability in an orderly transaction between market participants at the measurement date. It establishes a fair value hierarchy that prioritizes inputs to valuation methods and requires disclosure of the fair value hierarchy, separately for each major category of assets and liabilities, that segregates fair value measurements into three levels. Levels 1, 2 and 3 of the fair value hierarchy are defined as follows:

Level 1 - unadjusted quoted prices in active markets for identical investments

Level 2 - other significant observable inputs (including, but not limited to, quoted prices for similar assets or liabilities in markets that are either active or inactive; inputs other than quoted prices that are observable such as interest rates, yield curves, volatilities, prepayment speeds, loss severities, credit risks, default rates, or other market corroborated inputs)

Level 3 - significant unobservable inputs based on the best information available in the circumstances, to the extent observable inputs are unavailable (including the Portfolio’s own assumptions used in determining the fair value of investments and derivative financial instruments)

The inputs or methodologies used for valuing investments are not necessarily an indication of the risk associated with investing in them. Changes to the inputs or methodologies used may result in transfers between levels. A reconciliation of Level 3 securities, if any, will be disclosed following the fair value hierarchy table. For more information about the Portfolio’s policy regarding the valuation of investments, please refer to the Notes to Schedule of Investments.

The following table summarizes the fair value hierarchy of the Portfolio’s investments as of September 30, 2023:

Description	Level 1		Level 2			Level 3		Total
Total U.S. Treasury & Government Agencies*	$	—	$	705,803,940		$	—	$	705,803,940
Total Corporate Bonds & Notes*		—		359,509,549			—		359,509,549
Asset-Backed Securities
Asset-Backed - Automobile		—		44,235,985			—		44,235,985
Asset-Backed - Credit Card		—		1,905,078			—		1,905,078
Asset-Backed - Other		—		106,737,074			3,649,403		110,386,477
Asset-Backed - Student Loan		—		426,124			—		426,124
Total Asset-Backed Securities		—		153,304,261			3,649,403		156,953,664
Total Mortgage-Backed Securities*		—		44,387,495			—		44,387,495
Total Foreign Government*		—		6,068,957			—		6,068,957
Total Municipals*		—		687,454			—		687,454
Total Short-Term Investment*		—		474,512			—		474,512
Securities Lending Reinvestments
Repurchase Agreements		—		1,369,535			—		1,369,535
Mutual Funds		900,000		—			—		900,000
Total Securities Lending Reinvestments		900,000		1,369,535			—		2,269,535
Total Investments	$	900,000	$	1,271,605,703		$	3,649,403	$	1,276,155,106
Collateral for Securities Loaned (Liability)	$	—	$	(2,269,535	)	$	—	$	(2,269,535	)

* See Schedule of Investments for additional detailed categorizations.

During the period ended September 30, 2023, transfers out of Level 3 in the amount of $8,325,631 were due to the initiation of a vendor or broker providing prices based on market indications which have been determined to be a significant observable input.

BHFTI-180

Brighthouse Funds Trust I

JPMorgan Core Bond Portfolio

Schedule of Investments as of September 30, 2023 (Unaudited)

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, 2022		Realized Gain (Loss)		Change in Unrealized Appreciation (Depreciation)			Sales			Transfers Out			Balance as of September 30, 2023		Change in Unrealized Appreciation (Depreciation) from Investments Held at September 30, 2023
Corporate Bonds
Oil & Gas	$	1,765,145	$	—	$	—		$	—		$	(1,765,145	)	$	—	$	—
Asset-Backed Securities
Asset-Backed - Other		14,577,427		3		(109,946	)		(4,257,595	)		(6,560,486	)		3,649,403		(109,946	)
Total	$	16,342,572	$	3	$	(109,946	)	$	(4,257,595	)	$	(8,325,631	)	$	3,649,403	$	(109,946	)

BHFTI-181

Brighthouse Funds Trust I

JPMorgan Global Active Allocation Portfolio

Consolidated Schedule of Investments as of September 30, 2023 (Unaudited)

Common Stocks—40.6% of Net Assets

Security Description	Shares		Value
Aerospace & Defense—0.6%
Airbus SE		12,610	$	1,686,996
General Dynamics Corp.		2,481		548,227
Northrop Grumman Corp.		850		374,162
RTX Corp.		7,857		565,468
Safran SA		35,130		5,492,716
				8,667,569
Air Freight & Logistics—0.2%
DHL Group		34,063		1,388,288
FedEx Corp.		1,726		457,252
United Parcel Service, Inc. - Class B		1,360		211,983
				2,057,523
Automobile Components—0.1%
Bridgestone Corp.		39,100		1,523,953
Automobiles—0.3%
Stellantis NV (Milan-Traded Shares)		81,351		1,560,379
Tesla, Inc. (a)		11,731		2,935,331
				4,495,710
Banks—3.2%
Bank Central Asia Tbk PT		2,091,000		1,192,955
Bank of America Corp.		174,556		4,779,343
Bank Rakyat Indonesia Persero Tbk PT		4,834,914		1,633,955
BNP Paribas SA		20,671		1,315,977
Capitec Bank Holdings Ltd.		9,445		849,515
Citigroup, Inc.		5,316		218,647
Citizens Financial Group, Inc.		15,960		427,728
Credicorp Ltd. (b)		4,296		549,759
DBS Group Holdings Ltd.		211,200		5,185,909
Erste Group Bank AG		23,379		807,631
First Citizens BancShares, Inc. - Class A		372		513,397
Grupo Financiero Banorte SAB de CV - Class O		133,520		1,119,109
HDFC Bank Ltd.		139,300		2,550,201
HDFC Bank Ltd. (ADR) (b)		34,895		2,059,154
Itau Unibanco Holding SA (ADR) (b)		154,643		830,433
KBC Group NV		22,394		1,396,209
Kotak Mahindra Bank Ltd.		93,661		1,958,705
Lloyds Banking Group PLC		3,297,361		1,775,515
M&T Bank Corp.		10,171		1,286,123
Mitsubishi UFJ Financial Group, Inc.		184,900		1,568,311
PNC Financial Services Group, Inc.		4,722		579,720
Regions Financial Corp.		38,932		669,630
Sberbank of Russia PJSC † (a) (c) (d)		2,160		0
Societe Generale SA		37,647		910,691
Sumitomo Mitsui Financial Group, Inc.		23,800		1,166,752
Svenska Handelsbanken AB - A Shares		116,176		1,032,721
Toronto-Dominion Bank (b)		34,390		2,071,882
U.S. Bancorp (b)		24,581		812,648
UniCredit SpA		85,929		2,056,219
Wells Fargo & Co.		74,453		3,042,150
				44,360,989
Beverages—1.2%
Ambev SA (ADR)		198,072		511,026
Beverages—(Continued)
Budweiser Brewing Co. APAC Ltd.		385,800		757,001
Carlsberg AS - Class B		13,596		1,713,247
Coca-Cola Co.		123,092		6,890,690
Constellation Brands, Inc. - Class A		2,007		504,419
Diageo PLC		42,246		1,557,983
Fomento Economico Mexicano SAB de CV (ADR)		9,740		1,063,121
Keurig Dr Pepper, Inc.		18,254		576,279
Kweichow Moutai Co. Ltd. - Class A		7,056		1,750,600
Pernod Ricard SA		4,330		720,775
Wuliangye Yibin Co. Ltd. - Class A		23,100		498,886
				16,544,027
Biotechnology—1.0%
AbbVie, Inc.		31,318		4,668,261
Alnylam Pharmaceuticals, Inc. (a)		2,883		510,579
Exact Sciences Corp. (a)		8,882		605,930
Genmab AS (a)		1,812		641,231
Natera, Inc. (a)		7,361		325,724
Regeneron Pharmaceuticals, Inc. (a)		7,265		5,978,805
Vertex Pharmaceuticals, Inc. (a)		1,112		386,687
				13,117,217
Broadline Retail—1.4%
Alibaba Group Holding Ltd. (a)		98,100		1,063,541
Amazon.com, Inc. (a)		116,600		14,822,192
JD.com, Inc. - Class A		48,750		708,576
MercadoLibre, Inc. (a)		1,940		2,459,687
				19,053,996
Building Products—0.3%
Carlisle Cos., Inc.		1,777		460,705
Daikin Industries Ltd.		11,000		1,725,738
Fortune Brands Innovations, Inc.		7,620		473,659
Trane Technologies PLC		5,330		1,081,510
				3,741,612
Capital Markets—1.9%
3i Group PLC		80,963		2,037,874
B3 SA - Brasil Bolsa Balcao		253,543		619,917
Blackstone, Inc. (b)		10,264		1,099,685
Charles Schwab Corp.		44,094		2,420,761
CME Group, Inc.		33,557		6,718,783
Deutsche Boerse AG		9,974		1,723,959
Hong Kong Exchanges & Clearing Ltd.		24,000		894,766
Japan Exchange Group, Inc.		63,300		1,174,058
London Stock Exchange Group PLC		16,463		1,652,669
Morgan Stanley		15,696		1,281,892
Northern Trust Corp.		5,592		388,532
S&P Global, Inc.		15,346		5,607,582
State Street Corp.		4,567		305,806
T. Rowe Price Group, Inc.		2,544		266,789
				26,193,073
Chemicals—0.7%
Air Liquide SA		11,651		1,963,392

BHFTI-182

Brighthouse Funds Trust I

JPMorgan Global Active Allocation Portfolio

Consolidated Schedule of Investments as of September 30, 2023 (Unaudited)

Common Stocks—(Continued)

Security Description	Shares		Value
Chemicals—(Continued)
Axalta Coating Systems Ltd. (a)		14,401	$	387,387
Dow, Inc. (b)		37,406		1,928,653
LG Chem Ltd.		2,026		744,877
Shin-Etsu Chemical Co. Ltd.		142,800		4,144,684
				9,168,993
Commercial Services & Supplies—0.1%
Copart, Inc. (a)		21,558		928,934
Communications Equipment—0.1%
Arista Networks, Inc. (a)		2,163		397,841
Cisco Systems, Inc.		7,273		390,996
				788,837
Construction & Engineering—0.5%
AECOM		4,945		410,633
Quanta Services, Inc.		5,716		1,069,292
Vinci SA		47,346		5,241,522
				6,721,447
Construction Materials—0.1%
Martin Marietta Materials, Inc.		2,153		883,763
Vulcan Materials Co.		1,327		268,081
				1,151,844
Consumer Finance—0.1%
American Express Co.		3,307		493,371
Capital One Financial Corp.		15,800		1,533,390
				2,026,761
Consumer Staples Distribution & Retail—0.4%
Albertsons Cos., Inc. - Class A		19,239		437,687
Bid Corp. Ltd.		45,793		1,015,812
Dollar General Corp.		1,533		162,192
President Chain Store Corp.		100,000		813,415
Raia Drogasil SA		102,369		562,500
Seven & i Holdings Co. Ltd.		33,900		1,327,510
Wal-Mart de Mexico SAB de CV (b)		298,430		1,126,422
				5,445,538
Containers & Packaging—0.1%
Packaging Corp. of America		5,293		812,740
Silgan Holdings, Inc.		5,545		239,045
Westrock Co. (b)		8,677		310,637
				1,362,422
Distributors—0.0%
Pool Corp.		926		329,749
Diversified Telecommunication Services—0.2%
Nippon Telegraph & Telephone Corp.		2,065,500		2,439,557
Verizon Communications, Inc.		10,473		339,430
				2,778,987
Electric Utilities—0.6%
Edison International		5,795		366,766
Entergy Corp.		2,150		198,875
Iberdrola SA		183,519		2,049,066
NextEra Energy, Inc.		55,152		3,159,658
PG&E Corp. (a) (b)		31,305		504,950
SSE PLC		64,373		1,261,379
Xcel Energy, Inc.		8,600		492,092
				8,032,786
Electrical Equipment—0.4%
AMETEK, Inc.		5,471		808,395
Eaton Corp. PLC		2,457		524,029
Hubbell, Inc.		1,969		617,104
Legrand SA		28,227		2,590,582
WEG SA		130,744		943,407
				5,483,517
Electronic Equipment, Instruments & Components—0.4%
CDW Corp.		1,259		254,016
Delta Electronics, Inc.		152,867		1,536,827
Jabil, Inc.		5,016		636,480
Keyence Corp.		7,800		2,899,037
Largan Precision Co. Ltd.		6,000		397,447
TD SYNNEX Corp.		4,367		436,089
				6,159,896
Energy Equipment & Services—0.1%
Baker Hughes Co.		17,947		633,888
TechnipFMC PLC (b)		46,015		935,945
				1,569,833
Entertainment—0.3%
Liberty Media Corp.-Liberty Live - Class C (a)		5,350		171,735
NetEase, Inc.		78,975		1,585,467
Netflix, Inc. (a)		2,070		781,632
Sea Ltd. (ADR) (a) (b)		8,364		367,598
Take-Two Interactive Software, Inc. (a)		3,677		516,214
				3,422,646
Financial Services—0.9%
Berkshire Hathaway, Inc. - Class B (a)		6,720		2,354,016
FleetCor Technologies, Inc. (a) (b)		1,582		403,948
Mastercard, Inc. - Class A		22,565		8,933,709
MGIC Investment Corp.		22,329		372,671
				12,064,344
Food Products—0.5%
Ajinomoto Co., Inc. (b)		23,400		901,841
Foshan Haitian Flavouring & Food Co. Ltd. - Class A		65,772		345,081
Inner Mongolia Yili Industrial Group Co. Ltd. - Class A		147,200		534,989
Kraft Heinz Co.		15,878		534,136
Nestle SA		37,982		4,288,980
Post Holdings, Inc. (a)		6,521		559,111
				7,164,138

BHFTI-183

Brighthouse Funds Trust I

JPMorgan Global Active Allocation Portfolio

Consolidated Schedule of Investments as of September 30, 2023 (Unaudited)

Common Stocks—(Continued)

Security Description	Shares		Value
Ground Transportation—0.6%
J.B. Hunt Transport Services, Inc. (b)		3,061	$	577,060
Norfolk Southern Corp.		853		167,981
Old Dominion Freight Line, Inc.		1,337		547,020
Uber Technologies, Inc. (a)		123,482		5,678,937
Union Pacific Corp.		2,762		562,426
				7,533,424
Health Care Equipment & Supplies—0.6%
Align Technology, Inc. (a)		1,195		364,857
Boston Scientific Corp. (a)		16,648		879,014
Cooper Cos., Inc.		1,673		532,031
Hoya Corp.		33,000		3,400,767
Intuitive Surgical, Inc. (a)		2,809		821,043
Medtronic PLC		4,139		324,332
Straumann Holding AG		4,150		527,111
Terumo Corp.		36,500		966,961
Zimmer Biomet Holdings, Inc.		2,884		323,643
				8,139,759
Health Care Providers & Services—1.1%
Cencora, Inc. (b)		5,670		1,020,430
Cigna Group		1,734		496,045
CVS Health Corp.		6,398		446,708
HCA Healthcare, Inc.		2,524		620,854
Henry Schein, Inc. (a)		5,010		371,993
Laboratory Corp. of America Holdings		2,421		486,742
McKesson Corp.		1,141		496,164
Quest Diagnostics, Inc.		2,497		304,284
UnitedHealth Group, Inc.		20,718		10,445,808
				14,689,028
Health Care REITs—0.0%
Welltower, Inc. (b)		3,003		246,006
Hotel & Resort REITs—0.0%
Apple Hospitality REIT, Inc. (b)		18,811		288,561
Hotels, Restaurants & Leisure—1.3%
Booking Holdings, Inc. (a)		518		1,597,486
H World Group Ltd. (ADR) (a)		10,153		400,333
Hilton Worldwide Holdings, Inc.		21,126		3,172,703
InterContinental Hotels Group PLC		17,526		1,292,061
Marriott International, Inc. - Class A		9,154		1,799,310
McDonald’s Corp.		16,369		4,312,250
Sands China Ltd. (a)		428,000		1,301,534
Texas Roadhouse, Inc. (b)		4,372		420,149
Yum China Holdings, Inc.		18,635		1,038,342
Yum! Brands, Inc.		24,600		3,073,524
				18,407,692
Household Durables—0.3%
Garmin Ltd.		4,126		434,055
Midea Group Co. Ltd. - Class A		138,600		1,053,624
Mohawk Industries, Inc. (a)		5,334		457,711
Newell Brands, Inc.		33,425		301,828
Household Durables—(Continued)
Sony Group Corp.		28,400		2,323,168
				4,570,386
Household Products—0.1%
Energizer Holdings, Inc. (b)		9,673		309,923
Procter & Gamble Co.		5,361		781,955
Unilever Indonesia Tbk PT		487,400		118,023
				1,209,901
Independent Power and Renewable Electricity Producers—0.3%
RWE AG		103,328		3,839,845
Industrial Conglomerates—0.1%
Bidvest Group Ltd.		27,559		395,296
Honeywell International, Inc.		2,430		448,918
Jardine Matheson Holdings Ltd.		9,900		459,367
				1,303,581
Industrial REITs—0.3%
EastGroup Properties, Inc.		1,245		207,330
Prologis, Inc.		39,427		4,424,104
				4,631,434
Insurance—2.2%
AIA Group Ltd.		685,800		5,547,482
Allianz SE		11,836		2,822,430
Chubb Ltd.		2,345		488,182
CNA Financial Corp. (b)		6,569		258,490
Fairfax Financial Holdings Ltd.		578		473,353
Hartford Financial Services Group, Inc.		3,591		254,638
HDFC Life Insurance Co. Ltd.		111,849		861,129
Loews Corp.		20,914		1,324,065
Muenchener Rueckversicherungs-Gesellschaft AG		10,041		3,917,279
Ping An Insurance Group Co. of China Ltd. - Class H		212,000		1,200,810
Progressive Corp.		43,069		5,999,512
Prudential PLC		115,614		1,244,946
Tokio Marine Holdings, Inc.		132,600		3,056,743
Travelers Cos., Inc.		4,432		723,790
W.R. Berkley Corp.		5,884		373,575
Zurich Insurance Group AG		4,073		1,866,401
				30,412,825
Interactive Media & Services—1.4%
Alphabet, Inc. - Class C (a)		38,451		5,069,764
IAC, Inc. (a)		8,801		443,483
Meta Platforms, Inc. - Class A (a)		33,961		10,195,432
NAVER Corp.		5,028		750,318
Tencent Holdings Ltd.		84,300		3,267,051
				19,726,048
IT Services—0.7%
Capgemini SE		7,510		1,304,027
EPAM Systems, Inc. (a)		3,535		903,864
Infosys Ltd. (ADR) (b)		167,141		2,859,782

BHFTI-184

Brighthouse Funds Trust I

JPMorgan Global Active Allocation Portfolio

Consolidated Schedule of Investments as of September 30, 2023 (Unaudited)

Common Stocks—(Continued)

Security Description	Shares		Value
IT Services—(Continued)
International Business Machines Corp.		2,617	$	367,165
MongoDB, Inc. (a) (b)		2,058		711,780
Snowflake, Inc. - Class A (a)		3,763		574,874
Tata Consultancy Services Ltd.		73,155		3,100,003
				9,821,495
Leisure Products—0.1%
Shimano, Inc.		9,000		1,215,250
Life Sciences Tools & Services—0.1%
Fortrea Holdings, Inc. (a) (b)		4,367		124,852
Mettler-Toledo International, Inc. (a)		212		234,911
Thermo Fisher Scientific, Inc.		1,431		724,329
Wuxi Biologics Cayman, Inc. (a)		160,500		942,649
				2,026,741
Machinery—1.1%
Atlas Copco AB - A Shares		100,499		1,346,473
Deere & Co.		9,219		3,479,066
Dover Corp.		4,247		592,499
Ingersoll Rand, Inc.		11,269		718,061
ITT, Inc.		1,615		158,125
Middleby Corp. (a)		2,715		347,520
Sandvik AB		66,453		1,218,354
SMC Corp. (b)		2,300		1,029,552
Techtronic Industries Co. Ltd.		179,000		1,737,906
Timken Co. (b)		4,202		308,805
Volvo AB - B Shares		199,060		4,097,580
				15,033,941
Media—0.2%
Charter Communications, Inc. - Class A (a)		2,104		925,381
Liberty Broadband Corp. - Class C (a) (b)		5,427		495,594
Liberty Media Corp.-Liberty SiriusXM - Class C (a)		18,241		464,416
Nexstar Media Group, Inc.		2,028		290,754
Trade Desk, Inc. - Class A (a) (b)		11,170		872,936
				3,049,081
Metals & Mining—0.3%
Anglo American PLC		35,460		981,758
BHP Group Ltd.		89,646		2,541,963
Freeport-McMoRan, Inc.		8,134		303,317
				3,827,038
Multi-Utilities—0.3%
Dominion Energy, Inc.		10,033		448,174
Engie SA		112,624		1,726,910
Public Service Enterprise Group, Inc.		32,593		1,854,867
				4,029,951
Oil, Gas & Consumable Fuels—2.2%
BP PLC		694,992		4,487,456
Cheniere Energy, Inc.		4,080		677,117
Chevron Corp.		22,717		3,830,541
Oil, Gas & Consumable Fuels—(Continued)
ConocoPhillips		29,532		3,537,934
Coterra Energy, Inc.		12,615		341,236
EOG Resources, Inc.		25,037		3,173,690
Kinder Morgan, Inc.		41,884		694,437
Phillips 66		6,250		750,937
Shell PLC		270,623		8,592,285
TotalEnergies SE		32,792		2,157,955
Williams Cos., Inc.		22,302		751,354
Woodside Energy Group Ltd.		51,653		1,203,438
				30,198,380
Personal Care Products—0.2%
Kenvue, Inc.		21,951		440,776
L’Oreal SA		3,672		1,520,720
LG H&H Co. Ltd.		657		216,338
				2,177,834
Pharmaceuticals—2.0%
AstraZeneca PLC		42,970		5,782,765
Bristol-Myers Squibb Co.		52,000		3,018,080
Eli Lilly & Co.		2,866		1,539,415
Johnson & Johnson (b)		19,246		2,997,564
Kyowa Kirin Co. Ltd.		39,400		686,160
Merck & Co., Inc.		4,661		479,850
Novo Nordisk AS		79,096		7,195,034
Roche Holding AG		18,131		4,945,505
Royalty Pharma PLC - Class A		14,205		385,524
Sanofi		5,998		643,598
				27,673,495
Professional Services—0.4%
Recruit Holdings Co. Ltd.		37,500		1,154,793
RELX PLC		133,133		4,491,354
				5,646,147
Real Estate Management & Development—0.0%
CBRE Group, Inc. - Class A (a)		7,036		519,679
Residential REITs—0.1%
American Homes 4 Rent - Class A		14,866		500,835
Mid-America Apartment Communities, Inc.		4,178		537,500
				1,038,335
Retail REITs—0.1%
Brixmor Property Group, Inc.		22,896		475,779
Federal Realty Investment Trust		4,338		393,153
Kimco Realty Corp.		36,879		648,701
				1,517,633
Semiconductors & Semiconductor Equipment—3.2%
Advanced Micro Devices, Inc. (a)		25,704		2,642,885
Analog Devices, Inc.		22,179		3,883,321
ASML Holding NV		13,146		7,719,845

BHFTI-185

Brighthouse Funds Trust I

JPMorgan Global Active Allocation Portfolio

Consolidated Schedule of Investments as of September 30, 2023 (Unaudited)

Common Stocks—(Continued)

Security Description	Shares		Value
Semiconductors & Semiconductor Equipment—(Continued)
Broadcom, Inc.		1,446	$	1,201,019
Entegris, Inc.		5,348		502,231
Infineon Technologies AG		46,904		1,555,568
Lam Research Corp.		1,474		923,859
NVIDIA Corp.		23,089		10,043,484
NXP Semiconductors NV		27,229		5,443,622
Taiwan Semiconductor Manufacturing Co. Ltd. (ADR) (b)		77,097		6,699,729
Teradyne, Inc. (b)		10,790		1,083,963
Texas Instruments, Inc.		4,286		681,517
Tokyo Electron Ltd.		9,100		1,238,372
				43,619,415
Software—2.4%
Adobe, Inc. (a)		5,264		2,684,114
Cadence Design Systems, Inc. (a)		2,124		497,653
Confluent, Inc. - Class A (a) (b)		19,015		563,034
Crowdstrike Holdings, Inc. - Class A (a) (b)		2,957		494,943
HashiCorp, Inc. - Class A (a)		9,548		217,981
HubSpot, Inc. (a)		1,641		808,192
Intuit, Inc.		3,207		1,638,584
Microsoft Corp.		72,045		22,748,209
Oracle Corp.		6,089		644,947
Palo Alto Networks, Inc. (a) (b)		4,900		1,148,756
Synopsys, Inc. (a)		1,386		636,132
Workday, Inc. - Class A (a) (b)		2,541		545,934
				32,628,479
Specialized REITs—0.2%
Lamar Advertising Co. - Class A (b)		5,010		418,185
Public Storage (b)		2,079		547,858
Rayonier, Inc.		15,897		452,428
Weyerhaeuser Co.		27,592		845,971
				2,264,442
Specialty Retail—0.8%
AutoZone, Inc. (a)		295		749,297
Bath & Body Works, Inc.		10,396		351,385
Best Buy Co., Inc.		4,192		291,218
Dick’s Sporting Goods, Inc. (b)		3,365		365,372
Home Depot, Inc.		1,422		429,672
Industria de Diseno Textil SA		50,932		1,895,654
Lojas Renner SA		100,315		267,424
Lowe’s Cos., Inc.		7,496		1,557,969
Murphy USA, Inc.		1,271		434,339
Ross Stores, Inc.		34,697		3,919,026
TJX Cos., Inc.		9,314		827,828
				11,089,184
Technology Hardware, Storage & Peripherals—1.2%
Apple, Inc.		72,756		12,456,555
Samsung Electronics Co. Ltd. (GDR)		3,554		4,478,040
				16,934,595
Textiles, Apparel & Luxury Goods—0.7%
Cie Financiere Richemont SA - Class A		11,014		1,341,973
Columbia Sportswear Co. (b)		4,884		361,904
Kering SA		2,059		936,149
Lululemon Athletica, Inc. (a)		1,323		510,162
LVMH Moet Hennessy Louis Vuitton SE		8,599		6,487,315
Ralph Lauren Corp.		4,406		511,493
				10,148,996
Tobacco—0.2%
ITC Ltd.		308,529		1,648,455
Philip Morris International, Inc.		6,517		603,344
				2,251,799
Trading Companies & Distributors—0.1%
Air Lease Corp.		7,752		305,506
Ferguson PLC		7,892		1,297,647
				1,603,153
Wireless Telecommunication Services—0.0%
T-Mobile U.S., Inc. (a) (b)		2,180		305,309
Total Common Stocks (Cost $523,804,402)				557,975,203
Convertible Bonds—18.4%
Aerospace/Defense—1.2%
Rheinmetall AG 1.875%, 02/07/28 (EUR)		1,300,000		1,391,904
Safran SA
Zero Coupon, 04/01/28 (EUR)		867,100		1,621,470
0.875%, 05/15/27 (EUR)		8,178,400		13,361,243
				16,374,617
Airlines—0.7%
Southwest Airlines Co. 1.250%, 05/01/25		9,490,000		9,418,825
Banks—2.1%
Barclays Bank PLC
Zero Coupon, 01/24/25 (EUR)		2,700,000		2,844,420
Zero Coupon, 02/04/25		7,968,000		12,772,943
Zero Coupon, 02/18/25		9,000,000		9,147,600
BNP Paribas SA Zero Coupon, 05/13/25 (EUR)		2,700,000		3,359,221
				28,124,184
Beverages—0.4%
Fomento Economico Mexicano SAB de CV 2.625%, 02/24/26 (EUR)		5,500,000		5,733,351
Chemicals—0.4%
LG Chem Ltd. 1.250%, 07/18/28		5,800,000		5,634,700

BHFTI-186

Brighthouse Funds Trust I

JPMorgan Global Active Allocation Portfolio

Consolidated Schedule of Investments as of September 30, 2023 (Unaudited)

Convertible Bonds—(Continued)

Security Description	Principal Amount*		Value
Commercial Services—1.5%
Amadeus IT Group SA 1.500%, 04/09/25 (EUR)		7,900,000	$	9,585,112
Edenred
Zero Coupon, 09/06/24 (EUR)		2,870,100		1,908,925
Zero Coupon, 06/14/28 (EUR)		6,501,262		4,560,344
Euronet Worldwide, Inc. 0.750%, 03/15/49		4,424,000		4,064,550
				20,118,931
Diversified Financial Services—1.0%
Citigroup Global Markets Funding Luxembourg SCA Zero Coupon, 03/15/28 (EUR)		5,400,000		5,783,040
Merrill Lynch BV Zero Coupon, 01/30/26 (EUR)		3,000,000		3,209,241
SBI Holdings, Inc. Zero Coupon, 07/25/25 (JPY)		610,000,000		4,771,748
				13,764,029
Electric—1.0%
CenterPoint Energy, Inc. 4.250%, 08/15/26		4,486,000		4,376,093
Iberdrola Finanzas SA 0.800%, 12/07/27 (EUR)		3,000,000		3,028,116
Southern Co. 3.875%, 12/15/25 (b)		6,000,000		5,832,000
				13,236,209
Electrical Components & Equipment—0.5%
Schneider Electric SE Zero Coupon, 06/15/26 (EUR)		3,942,300		7,465,022
Food—0.3%
Mondelez International Holdings Netherlands BV Zero Coupon, 09/20/24 (EUR)		4,200,000		4,250,797
Internet—1.6%
Booking Holdings, Inc. 0.750%, 05/01/25		8,475,000		14,153,250
Expedia Group, Inc. Zero Coupon, 02/15/26		6,824,000		5,928,691
Palo Alto Networks, Inc. 0.375%, 06/01/25		906,000		2,134,083
				22,216,024
Investment Companies—0.9%
Ares Capital Corp. 4.625%, 03/01/24		4,923,000		4,993,768
Groupe Bruxelles Lambert NV 2.125%, 11/29/25 (EUR)		4,400,000		4,461,992
Wendel SE 2.625%, 03/27/26 (EUR)		3,300,000		3,371,272
				12,827,032
Iron/Steel—0.7%
POSCO Holdings, Inc. Zero Coupon, 09/01/26 (EUR)		6,900,000		9,042,451
Mining—0.5%
Glencore Funding LLC Zero Coupon, 03/27/25		6,200,000		6,762,598
Oil & Gas—0.9%
Pioneer Natural Resources Co. 0.250%, 05/15/25		5,100,000		12,491,940
Real Estate—0.4%
LEG Immobilien SE 0.875%, 09/01/25 (EUR)		5,300,000		5,175,195
Real Estate Investment Trusts—0.6%
DEXUS Finance Pty. Ltd. 3.500%, 11/24/27 (AUD)		3,400,000		2,245,381
Welltower OP LLC 2.750%, 05/15/28 (b)		5,264,000		5,372,098
				7,617,479
Retail—0.4%
Zalando SE 0.050%, 08/06/25 (EUR)		6,400,000		6,097,320
Semiconductors—1.7%
Microchip Technology, Inc. 0.125%, 11/15/24 (b)		6,060,000		6,363,000
SK Hynix, Inc. 1.750%, 04/11/30		2,400,000		2,895,600
STMicroelectronics NV Zero Coupon, 08/04/25		13,000,000		14,403,828
				23,662,428
Software—0.7%
Akamai Technologies, Inc. 0.375%, 09/01/27 (b)		6,129,000		6,383,353
1.125%, 02/15/29 (144A)		3,007,000		3,032,560
				9,415,913
Telecommunications—0.6%
America Movil BV Zero Coupon, 03/02/24 (EUR)		8,200,000		8,853,662
Water—0.3%
American Water Capital Corp. 3.625%, 06/15/26		4,456,000		4,294,693
Total Convertible Bonds (Cost $257,464,113)				252,577,400
U.S. Treasury & Government Agencies—12.5%
Agency Sponsored Mortgage - Backed—6.6%
Federal Home Loan Mortgage Corp.
1.800%, 11/01/28		1,000,000		848,376
2.500%, 07/01/50		2,251,714		1,799,417

BHFTI-187

Brighthouse Funds Trust I

JPMorgan Global Active Allocation Portfolio

Consolidated Schedule of Investments as of September 30, 2023 (Unaudited)

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

Security Description	Principal Amount*		Value
Agency Sponsored Mortgage - Backed—(Continued)
Federal Home Loan Mortgage Corp.
3.000%, 02/01/52		378,278	$	314,769
3.500%, 10/01/49		144,160		126,154
3.700%, 06/01/34		750,000		658,567
4.000%, 12/01/47		155,355		140,529
4.500%, 06/01/47		330,347		310,433
4.500%, 06/01/48		182,933		171,212
5.000%, 12/01/48		128,604		123,421
Federal Home Loan Mortgage Corp. Multifamily Structured Credit Risk 9.565%, SOFR30A + 4.250%, 05/25/52 (144A) (e)		589,489		593,707
Federal Home Loan Mortgage Corp. Multifamily Structured Pass-Through Certificates
3.600%, 02/25/28		1,000,000		937,125
3.820%, 12/25/32 (e)		600,000		536,676
3.850%, 05/25/28 (e)		585,000		551,576
4.660%, 01/25/31		485,000		463,998
Federal Home Loan Mortgage Corp. REMICS
2.500%, 01/15/42		20,166		16,610
3.000%, 07/25/49		242,807		207,452
3.500%, 03/15/35		600,000		544,710
4.000%, 07/15/38		250,000		236,414
4.500%, 10/15/41		683,946		625,998
5.000%, 02/15/40		117,000		109,439
5.000%, 02/15/41		426,517		412,708
5.500%, 03/15/37		148,777		147,672
Federal National Mortgage Association
1.500%, 01/01/31		500,000		385,691
1.800%, 10/01/33		500,000		372,416
1.930%, 11/01/31		900,000		701,887
1.960%, 09/01/33		750,000		557,872
2.000%, 01/01/32		1,800,000		1,404,062
2.130%, 11/01/28		1,213,962		1,047,633
2.140%, 12/01/33		450,000		348,766
2.160%, 12/01/33		500,000		382,210
2.500%, 05/01/50		774,403		623,685
2.500%, 07/01/50		1,335,118		1,066,254
2.500%, 09/01/51		484,133		384,330
2.500%, 11/01/51		737,568		586,889
2.500%, 01/01/52		391,618		312,123
2.500%, 07/01/61		390,215		300,201
2.500%, 09/01/61		892,756		686,812
2.500%, 03/01/62		572,178		439,122
2.510%, 10/01/30		1,050,000		879,145
2.580%, 03/01/32		498,686		405,973
2.600%, 10/01/31		350,000		292,438
2.730%, 09/01/29		1,149,393		1,008,136
2.770%, 08/01/33		921,000		746,836
3.000%, 05/01/51		1,300,286		1,082,110
3.000%, 01/01/52		602,733		499,816
3.000%, 03/01/61		751,167		610,893
3.230%, 01/01/30		453,107		407,638
3.330%, 04/01/35		470,350		403,587
3.500%, 01/01/50		580,337		508,683
3.500%, 05/01/52		979,288		849,348
3.500%, 03/01/61		377,115		320,747
Agency Sponsored Mortgage - Backed—(Continued)
Federal National Mortgage Association
3.500%, 09/01/61		867,379		737,574
3.500%, 03/01/62		646,917		559,728
3.500%, 06/01/62		598,748		506,545
3.510%, 09/01/32		300,000		262,049
3.540%, 11/01/32		600,000		524,610
3.620%, 05/01/32		978,860		873,777
3.660%, 03/01/27		702,979		667,434
3.680%, 09/01/32		613,000		542,933
3.740%, 02/01/29		800,000		745,013
3.750%, 09/01/32		1,030,000		925,023
3.800%, 09/01/32		720,672		644,504
3.810%, 10/01/32		790,000		706,529
3.870%, 06/01/37		764,000		649,181
3.895%, 02/01/33		750,000		673,614
3.970%, 10/01/32		739,670		676,165
4.000%, 06/01/46		425,740		388,458
4.000%, 07/01/47		523,866		475,446
4.000%, 11/01/47		186,403		169,106
4.000%, 12/01/47		314,179		284,929
4.000%, 01/01/48		323,545		293,573
4.000%, 09/01/48		100,316		90,635
4.000%, 06/01/49		398,033		363,274
4.000%, 10/01/52		836,938		746,719
4.000%, 08/01/59		586,659		522,281
4.000%, 12/01/61		879,208		783,028
4.090%, 07/01/30		700,000		654,817
4.210%, 02/01/33		1,000,000		921,587
4.330%, 01/01/33		800,000		746,197
4.420%, 09/01/29		180,000		172,724
4.500%, 04/01/39		93,275		87,048
4.500%, 12/01/40		111,529		105,363
4.500%, 05/01/48		42,932		40,011
4.500%, 06/01/48		72,283		67,594
4.500%, 07/01/48		18,834		17,603
4.500%, 11/01/48		1,378,872		1,288,355
4.500%, 01/01/49		165,104		155,858
4.500%, 06/01/49		109,584		102,024
4.500%, 06/01/62		515,666		474,894
4.510%, 10/01/35 (c) (d)		800,000		789,500
4.550%, 04/01/33		992,306		938,949
4.550%, 09/01/33		1,605,000		1,519,765
4.590%, 04/01/33		882,000		837,234
4.680%, 10/01/29		800,000		775,570
4.700%, 09/01/33		781,469		748,185
4.970%, 12/01/30		544,154		534,168
5.000%, 07/01/44		290,355		288,552
5.000%, 06/01/48		41,760		39,919
5.000%, 07/01/48		186,656		181,019
5.000%, 08/01/48		210,703		202,134
5.000%, 10/01/48		112,554		107,340
5.000%, 01/01/49		246,925		237,152
5.000%, 03/01/53		479,056		452,142
5.000%, 06/01/53		996,002		940,072
5.230%, 12/01/32		1,000,000		996,301
Federal National Mortgage Association REMICS
3.500%, 06/25/46		114,736		105,657

BHFTI-188

Brighthouse Funds Trust I

JPMorgan Global Active Allocation Portfolio

Consolidated Schedule of Investments as of September 30, 2023 (Unaudited)

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

Security Description	Principal Amount*		Value
Agency Sponsored Mortgage - Backed—(Continued)
Federal National Mortgage Association REMICS
3.500%, 05/25/49		438,134	$	389,515
4.000%, 04/25/42		153,873		141,672
4.000%, 05/25/43		97,003		94,064
5.000%, 04/25/37		27,801		26,274
5.000%, 07/25/39		250,000		241,186
5.000%, 05/25/40		65,000		61,271
6.000%, 01/25/34		91,594		91,619
Federal National Mortgage Association Trust 5.620%, 11/25/33		206,459		201,371
Federal National Mortgage Association-Aces
0.750%, 09/25/28		194,305		182,624
1.000%, 11/25/33		689,032		647,400
1.200%, 10/25/30		78,993		69,372
1.764%, 11/25/31 (e)		1,000,000		771,506
1.933%, 10/25/30 (e) (f)		1,165,364		84,961
2.048%, 11/25/33 (e) (f)		8,420,694		697,479
2.064%, 07/25/30 (e) (f)		1,917,894		144,542
2.152%, 04/25/32 (e)		1,620,000		1,277,858
2.680%, 06/25/32 (e)		966,000		782,766
3.876%, 08/25/32 (e)		800,000		718,893
FREMF Mortgage Trust 3.652%, 12/25/51 (144A) (e)		500,000		434,134
Government National Mortgage Association
1.500%, 03/20/36		722,295		598,344
2.500%, 08/20/51		431,212		352,697
2.500%, 10/20/51		118,433		96,860
3.000%, 12/20/51		462,384		403,049
3.000%, 03/20/52		752,372		636,279
3.500%, 02/20/52		521,237		455,475
4.000%, 10/20/49		245,568		224,836
4.000%, 01/20/52		371,988		329,682
4.000%, 08/20/52		507,736		457,517
4.200%, 01/20/49		1,174,270		1,063,536
4.250%, 07/20/47		599,265		551,378
4.250%, 10/20/48		1,495,879		1,369,856
4.250%, 12/20/48		510,513		463,406
4.250%, 02/20/50		845,543		765,633
4.500%, 07/15/39		219,623		210,038
4.500%, 02/20/48		2,035,864		1,890,644
4.500%, 05/20/48		60,042		55,343
4.500%, 06/20/48		694,672		646,253
4.500%, 12/20/48		255,427		236,576
4.500%, 07/20/49		242,162		224,669
4.500%, 09/20/49		606,898		571,572
4.500%, 06/20/52		735,425		679,613
5.000%, 07/20/48		86,264		82,666
5.000%, 12/20/48		284,461		274,363
5.000%, 03/20/49		668,128		640,774
5.000%, 05/20/49		617,447		603,190
5.000%, 06/20/52		1,235,973		1,173,144
5.500%, 04/20/53		992,340		980,237
5.500%, 07/20/53		653,476		636,852
6.000%, 04/20/53		1,204,754		1,203,781
6.707%, 1Y H15 + 1.565%, 11/20/71 (e)		439,919		448,560
6.757%, 1Y H15 + 1.639%, 11/20/71 (e)		496,936		508,386
6.858%, 1Y H15 + 1.787%, 09/20/71 (e)		397,217		409,133
6.860%, 1Y H15 + 1.751%, 10/20/71 (e)		492,273		505,969
6.908%, 1Y H15 + 1.837%, 08/20/71 (e)		396,829		409,468
Agency Sponsored Mortgage - Backed—(Continued)
Government National Mortgage Association
6.919%, 1Y H15 + 1.753%, 11/20/71 (e)		463,364		476,978
6.936%, 1Y H15 + 1.679%, 04/20/72 (e)		459,719		472,781
6.960%, 1Y H15 + 1.702%, 02/20/72 (e)		606,455		623,476
7.000%, 1Y H15 + 1.778%, 12/20/71 (e)		411,223		423,850
7.204%, 1Y H15 + 1.953%, 03/20/72 (e)		346,664		359,977
Government National Mortgage Association REMICS
2.500%, 05/20/43		14,545		11,351
3.500%, 04/20/49		311,418		279,077
4.358%, 1M TSFR + 0.724%, 03/20/70 (e)		385,808		379,370
4.500%, 04/20/53		745,101		683,827
5.500%, 02/20/37		74,867		74,236
5.500%, 04/16/37		78,221		77,889
5.500%, 11/16/39		200,000		195,530
6.000%, 04/17/34		42,546		42,676
Seasoned Credit Risk Transfer Trust
3.000%, 10/25/62		788,378		639,988
3.250%, 11/25/61		351,872		291,211
3.500%, 05/25/57		383,242		344,003
3.500%, 06/25/57		386,101		352,236
3.500%, 03/25/58		564,944		518,488
3.500%, 07/25/58		386,079		327,899
Uniform Mortgage-Backed Security, TBA 2.500%, TBA (g)		463,531		367,873
				89,993,130
U.S. Treasury—5.9%
U.S. Treasury Bonds 1.125%, 05/15/40 (b)		1,365,000		783,489
1.250%, 05/15/50		831,000		392,063
1.375%, 08/15/50		135,000		65,876
1.750%, 08/15/41		560,000		348,731
1.875%, 02/15/51 (b)		2,298,000		1,287,957
1.875%, 11/15/51		1,545,000		861,156
2.000%, 11/15/41 (b)		135,000		87,608
2.000%, 02/15/50		367,000		214,179
2.000%, 08/15/51		500,000		288,516
2.250%, 08/15/46		236,000		149,639
2.250%, 08/15/49		115,000		71,588
2.375%, 02/15/42		625,000		432,007
2.375%, 11/15/49 (b)		570,000		364,822
2.375%, 05/15/51		175,000		110,988
2.500%, 02/15/45		2,810,000		1,908,166
2.750%, 08/15/42		1,600,000		1,173,000
2.750%, 11/15/42		8,895,000		6,493,697
2.875%, 05/15/43		1,000,000		740,859
2.875%, 08/15/45 (b)		5,000		3,621
2.875%, 05/15/52		7,240,000		5,133,330
3.000%, 11/15/44 (b)		79,000		58,963
3.000%, 02/15/47 (b)		65,000		47,729
3.250%, 05/15/42 (b)		1,400,000		1,115,625
3.750%, 11/15/43		852,000		723,202
3.875%, 08/15/40		410,000		364,035
3.875%, 05/15/43		265,000		230,384
U.S. Treasury Notes
0.375%, 01/31/26		120,000		108,023
0.375%, 09/30/27		2,330,000		1,966,757
0.500%, 02/28/26		1,780,000		1,602,556
0.625%, 08/15/30		250,000		191,865

BHFTI-189

Brighthouse Funds Trust I

JPMorgan Global Active Allocation Portfolio

Consolidated Schedule of Investments as of September 30, 2023 (Unaudited)

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

Security Description	Principal Amount*		Value
U.S. Treasury—(Continued)
U.S. Treasury Notes
0.875%, 06/30/26		1,305,000	$	1,174,194
0.875%, 09/30/26		147,000		131,175
1.250%, 03/31/28		8,655,000		7,470,009
1.250%, 06/30/28		9,590,000		8,212,187
1.375%, 11/15/31		127,000		99,546
1.500%, 02/15/30 (b)		2,430,000		2,014,242
1.625%, 05/15/31		610,000		495,244
1.875%, 02/28/29		1,300,000		1,128,969
1.875%, 02/15/32		7,675,000		6,234,439
2.250%, 11/15/25		3,065,000		2,895,946
2.500%, 02/28/26		30,000		28,366
2.625%, 05/31/27		7,670,000		7,130,104
2.750%, 07/31/27		1,850,000		1,723,318
2.875%, 04/30/29		4,865,000		4,442,923
3.125%, 08/31/27		2,485,000		2,345,316
3.125%, 08/31/29		2,455,000		2,262,436
3.500%, 02/15/33		4,340,000		3,981,950
U.S. Treasury STRIPS Coupon
Zero Coupon, 02/15/32		2,375,000		1,606,474
Zero Coupon, 11/15/40		720,000		301,333
Zero Coupon, 02/15/41		462,776		191,059
				81,189,661
Total U.S. Treasury & Government Agencies (Cost $194,847,945)				171,182,791
Corporate Bonds & Notes—5.8%
Aerospace/Defense—0.2%
BAE Systems PLC 1.900%, 02/15/31 (144A)		200,000		154,318
Boeing Co. 2.196%, 02/04/26		1,165,000		1,069,684
2.750%, 02/01/26		102,000		95,272
3.100%, 05/01/26		80,000		74,697
3.250%, 03/01/28		100,000		89,864
5.150%, 05/01/30		150,000		143,325
L3Harris Technologies, Inc. 4.854%, 04/27/35		50,000		45,477
5.400%, 07/31/33		171,000		164,378
RTX Corp. 4.150%, 05/15/45		253,000		191,555
4.350%, 04/15/47		140,000		108,956
5.150%, 02/27/33		126,000		119,318
				2,256,844
Agriculture—0.1%
Altria Group, Inc. 2.450%, 02/04/32		170,000		128,244
BAT Capital Corp. 2.259%, 03/25/28		95,000		80,344
3.734%, 09/25/40		65,000		43,589
4.390%, 08/15/37		65,000		49,738
4.540%, 08/15/47		146,000		100,498
Agriculture—(Continued)
BAT International Finance PLC 1.668%, 03/25/26 (b)		70,000		63,068
Bunge Ltd. Finance Corp. 2.750%, 05/14/31		250,000		202,487
Viterra Finance BV 3.200%, 04/21/31 (144A)		200,000		161,025
				828,993
Airlines—0.2%
Air Canada Pass-Through Trust 3.550%, 01/15/30 (144A)		520,800		442,815
3.750%, 12/15/27 (144A)		397,470		363,732
American Airlines Pass-Through Trust 3.200%, 06/15/28		278,800		250,767
3.600%, 09/22/27		128,941		118,781
British Airways Pass-Through Trust 3.300%, 12/15/32 (144A)		110,560		95,166
4.125%, 09/20/31 (144A)		399,118		352,782
Continental Airlines Pass-Through Trust 4.000%, 10/29/24		444,337		433,692
Delta Air Lines Pass-Through Trust 3.625%, 07/30/27		84,690		78,959
United Airlines Pass-Through Trust 3.450%, 12/01/27		330,765		302,911
3.700%, 03/01/30		53,168		45,543
4.150%, 04/11/24		294,531		290,535
4.150%, 08/25/31		163,566		148,219
				2,923,902
Auto Manufacturers—0.1%
General Motors Financial Co., Inc. 1.250%, 01/08/26		209,000		186,799
2.350%, 01/08/31		50,000		37,819
2.700%, 06/10/31		135,000		103,324
3.800%, 04/07/25		65,000		62,653
Hyundai Capital America 1.300%, 01/08/26 (144A)		50,000		45,022
1.500%, 06/15/26 (144A)		35,000		31,086
1.800%, 10/15/25 (144A)		250,000		229,878
1.800%, 01/10/28 (144A)		100,000		83,778
2.375%, 10/15/27 (144A)		70,000		60,601
5.650%, 06/26/26 (144A)		749,000		742,621
Stellantis Finance U.S., Inc. 1.711%, 01/29/27 (144A)		200,000		173,994
				1,757,575
Auto Parts & Equipment—0.0%
Lear Corp. 2.600%, 01/15/32		45,000		33,976
Banks—1.9%
ABN AMRO Bank NV 2.470%, 1Y H15 + 1.100%, 12/13/29 (144A) (b) (e)		300,000		247,737
AIB Group PLC 6.608%, SOFR + 2.330%, 09/13/29 (e)		200,000		199,168

BHFTI-190

Brighthouse Funds Trust I

JPMorgan Global Active Allocation Portfolio

Consolidated Schedule of Investments as of September 30, 2023 (Unaudited)

Corporate Bonds & Notes—(Continued)

Security Description	Principal Amount*		Value
Banks—(Continued)
ANZ New Zealand International Ltd. 5.355%, 08/14/28 (144A)		200,000	$	196,350
Banco Santander SA 2.746%, 05/28/25		200,000		188,355
5.588%, 08/08/28		600,000		586,944
Bank of America Corp. 2.551%, SOFR + 1.050%, 02/04/28 (e)		780,000		695,506
2.572%, SOFR + 1.210%, 10/20/32 (e)		670,000		514,823
2.676%, SOFR + 1.930%, 06/19/41 (b) (e)		130,000		83,249
2.687%, SOFR + 1.320%, 04/22/32 (e)		240,000		188,626
2.972%, SOFR + 1.330%, 02/04/33 (e)		105,000		82,798
3.705%, 3M TSFR + 1.774%, 04/24/28 (e)		300,000		276,298
3.824%, 3M TSFR + 1.837%, 01/20/28 (e)		300,000		278,592
4.376%, SOFR + 1.580%, 04/27/28 (e)		145,000		136,917
5.080%, SOFR + 1.290%, 01/20/27 (e)		187,000		182,784
5.202%, SOFR + 1.630%, 04/25/29 (e)		360,000		346,789
5.288%, SOFR + 1.910%, 04/25/34 (b) (e)		390,000		362,899
5.819%, SOFR + 1.570%, 09/15/29 (e)		240,000		237,055
Bank of Ireland Group PLC 2.029%, 1Y H15 + 1.100%, 09/30/27 (144A) (e)		200,000		175,215
6.253%, 1Y H15 + 2.650%, 09/16/26 (144A) (e)		200,000		198,746
Bank of Montreal 3.803%, 5Y USD Swap + 1.432%, 12/15/32 (e)		100,000		87,348
5.717%, 09/25/28		220,000		217,662
Bank of Nova Scotia 4.850%, 02/01/30		225,000		211,881
Banque Federative du Credit Mutuel SA 4.935%, 01/26/26 (144A)		200,000		194,661
5.790%, 07/13/28 (144A)		200,000		198,467
5.896%, 07/13/26 (144A)		230,000		228,730
Barclays PLC 1.007%, 1Y H15 + 0.800%, 12/10/24 (e)		200,000		197,822
6.224%, SOFR + 2.980%, 05/09/34 (e)		230,000		217,877
BNP Paribas SA 2.159%, SOFR + 1.218%, 09/15/29 (144A) (e)		200,000		164,905
3.132%, SOFR + 1.561%, 01/20/33 (144A) (b) (e)		270,000		212,135
BPCE SA 3.116%, SOFR + 1.730%, 10/19/32 (144A) (e)		500,000		372,426
5.975%, SOFR + 2.100%, 01/18/27 (144A) (e)		250,000		247,298
CaixaBank SA 6.684%, SOFR + 2.080%, 09/13/27 (144A) (e)		210,000		209,907
Citigroup, Inc. 2.520%, SOFR + 1.177%, 11/03/32 (e)		365,000		277,692
2.561%, SOFR + 1.167%, 05/01/32 (e)		240,000		185,783
3.057%, SOFR + 1.351%, 01/25/33 (e)		71,000		56,128
3.668%, 3M TSFR + 1.652%, 07/24/28 (e)		745,000		683,399
3.887%, 3M TSFR + 1.825%, 01/10/28 (b) (e)		300,000		279,657
4.400%, 06/10/25		120,000		116,440
Cooperatieve Rabobank UA 3.750%, 07/21/26		315,000		293,313
Credit Agricole SA 1.247%, SOFR + 0.892%, 01/26/27 (144A) (e)		250,000		223,294
6.316%, SOFR + 1.860%, 10/03/29 (144A) (e)		280,000		280,032
Credit Suisse AG 1.250%, 08/07/26 (b)		750,000		655,471
7.950%, 01/09/25		250,000		254,421
Banks—(Continued)
Deutsche Bank AG 2.129%, SOFR + 1.870%, 11/24/26 (e)		150,000		135,653
6.720%, SOFR + 3.180%, 01/18/29 (e)		150,000		149,109
Federation des Caisses Desjardins du Quebec 4.400%, 08/23/25 (144A)		200,000		193,566
5.700%, 03/14/28 (144A) (b)		200,000		197,423
Goldman Sachs Group, Inc. 1.948%, SOFR + 0.913%, 10/21/27 (e)		1,050,000		927,101
2.383%, SOFR + 1.248%, 07/21/32 (e)		400,000		304,635
2.640%, SOFR + 1.114%, 02/24/28 (e)		124,000		110,571
3.272%, 3M TSFR + 1.463%, 09/29/25 (e)		350,000		339,148
4.411%, 3M TSFR + 1.692%, 04/23/39 (e)		140,000		115,229
HSBC Holdings PLC 2.206%, SOFR + 1.285%, 08/17/29 (e)		200,000		164,846
2.357%, SOFR + 1.947%, 08/18/31 (e)		200,000		153,621
4.292%, 3M TSFR + 1.609%, 09/12/26 (e)		250,000		240,195
5.210%, SOFR + 2.610%, 08/11/28 (e)		310,000		298,458
6.500%, 09/15/37 (b)		100,000		97,644
7.390%, SOFR + 3.350%, 11/03/28 (e)		200,000		206,908
Huntington National Bank 5.650%, 01/10/30		267,000		251,605
ING Groep NV 6.083%, SOFR + 1.560%, 09/11/27 (e)		245,000		243,911
Lloyds Banking Group PLC 1.627%, 1Y H15 + 0.850%, 05/11/27 (e)		200,000		177,386
4.375%, 03/22/28 (b)		283,000		263,768
5.871%, 1Y H15 + 1.700%, 03/06/29 (b) (e)		210,000		205,337
Macquarie Group Ltd. 1.340%, SOFR + 1.069%, 01/12/27 (144A) (e)		60,000		53,677
Mitsubishi UFJ Financial Group, Inc. 1.538%, 1Y H15 + 0.750%, 07/20/27 (e)		270,000		239,147
3.751%, 07/18/39 (b)		250,000		195,244
5.441%, 1Y H15 + 1.630%, 02/22/34 (b) (e)		200,000		190,747
Mizuho Financial Group, Inc. 1.234%, 1Y H15 + 0.670%, 05/22/27 (e)		200,000		176,495
2.869%, 3M TSFR + 1.572%, 09/13/30 (e)		200,000		166,666
5.739%, 1Y H15 + 1.650%, 05/27/31 (e)		230,000		223,346
Morgan Stanley 1.794%, SOFR + 1.034%, 02/13/32 (e)		440,000		325,841
3.591%, 07/22/28		1,000,000		912,380
4.300%, 01/27/45		70,000		55,307
5.164%, SOFR + 1.590%, 04/20/29 (e)		295,000		283,806
National Australia Bank Ltd. 3.933%, 5Y H15 + 1.880%, 08/02/34 (144A) (e)		390,000		333,235
NatWest Group PLC 3.754%, 5Y H15 + 2.100%, 11/01/29 (e)		200,000		190,429
4.269%, 3M LIBOR + 1.762%, 03/22/25 (e)		200,000		197,858
4.892%, 3M LIBOR + 1.754%, 05/18/29 (e)		200,000		187,059
6.016%, 1Y H15 + 2.100%, 03/02/34 (e)		200,000		191,945
7.472%, 1Y H15 + 2.850%, 11/10/26 (e)		200,000		204,022
Nordea Bank Abp 5.375%, 09/22/27 (144A)		200,000		195,303
Northern Trust Corp. 3.375%, 3M LIBOR + 1.131%, 05/08/32 (e)		100,000		88,227
PNC Financial Services Group, Inc. 5.068%, SOFR + 1.933%, 01/24/34 (e)		209,000		189,532

BHFTI-191

Brighthouse Funds Trust I

JPMorgan Global Active Allocation Portfolio

Consolidated Schedule of Investments as of September 30, 2023 (Unaudited)

Corporate Bonds & Notes—(Continued)

Security Description	Principal Amount*		Value
Banks—(Continued)
Santander U.K. Group Holdings PLC 1.673%, SOFR + 0.989%, 06/14/27 (e)		200,000	$	174,940
6.534%, SOFR + 2.600%, 01/10/29 (e)		300,000		297,223
6.833%, SOFR + 2.749%, 11/21/26 (e)		400,000		402,240
Societe Generale SA 1.488%, 1Y H15 + 1.100%, 12/14/26 (144A) (e)		200,000		178,553
4.250%, 04/14/25 (144A)		350,000		336,139
6.446%, 1Y H15 + 2.550%, 01/10/29 (144A) (e)		200,000		197,689
6.447%, 1Y H15 + 2.300%, 01/12/27 (144A) (b) (e)		200,000		199,951
State Street Corp. 4.821%, SOFR + 1.567%, 01/26/34 (e)		120,000		109,415
Sumitomo Mitsui Financial Group, Inc. 5.520%, 01/13/28		330,000		325,494
5.710%, 01/13/30		330,000		322,878
Swedbank AB 6.136%, 09/12/26 (144A)		215,000		214,122
Toronto-Dominion Bank 5.156%, 01/10/28		150,000		146,399
5.523%, 07/17/28		60,000		59,222
5.532%, 07/17/26 (b)		160,000		158,834
Truist Financial Corp. 5.122%, SOFR + 1.852%, 01/26/34 (e)		110,000		98,334
6.047%, SOFR + 2.050%, 06/08/27 (e)		135,000		133,532
UBS Group AG 1.305%, SOFR + 0.980%, 02/02/27 (144A) (e)		250,000		221,702
4.282%, 01/09/28 (144A)		380,000		349,384
UniCredit SpA 1.982%, 1Y H15 + 1.200%, 06/03/27 (144A) (e)		200,000		176,674
Wells Fargo & Co. 4.400%, 06/14/46		115,000		85,107
5.557%, SOFR + 1.990%, 07/25/34 (e)		180,000		170,439
5.574%, SOFR + 1.740%, 07/25/29 (e)		530,000		517,064
Westpac Banking Corp. 3.133%, 11/18/41		593,000		364,418
4.322%, 5Y USD ICE Swap + 2.236%, 11/23/31 (e)		100,000		92,624
Westpac New Zealand Ltd. 4.902%, 02/15/28 (144A)		320,000		308,748
				26,263,105
Beverages—0.1%
Anheuser-Busch Cos. LLC/Anheuser-Busch InBev Worldwide, Inc. 4.700%, 02/01/36		425,000		389,528
Anheuser-Busch InBev Worldwide, Inc. 4.439%, 10/06/48		235,000		193,503
Constellation Brands, Inc. 4.750%, 05/09/32		60,000		55,583
5.250%, 11/15/48		25,000		22,158
Keurig Dr Pepper, Inc. 3.430%, 06/15/27		75,000		69,682
Molson Coors Beverage Co. 4.200%, 07/15/46		56,000		42,115
				772,569
Biotechnology—0.1%
Amgen, Inc. 2.300%, 02/25/31		200,000		160,278
5.250%, 03/02/33		210,000		200,751
Biotechnology—(Continued)
Gilead Sciences, Inc. 2.600%, 10/01/40		150,000		99,011
Regeneron Pharmaceuticals, Inc. 1.750%, 09/15/30		250,000		192,362
Royalty Pharma PLC 1.200%, 09/02/25		54,000		49,073
2.150%, 09/02/31		80,000		59,866
				761,341
Building Materials—0.0%
Martin Marietta Materials, Inc. 3.200%, 07/15/51		50,000		31,240
3.450%, 06/01/27		100,000		92,818
Masco Corp. 2.000%, 10/01/30		50,000		38,278
6.500%, 08/15/32		150,000		151,103
Trane Technologies Financing Ltd. 5.250%, 03/03/33		100,000		96,685
				410,124
Chemicals—0.1%
Celanese U.S. Holdings LLC 6.050%, 03/15/25		38,000		37,863
CF Industries, Inc. 4.950%, 06/01/43		190,000		154,078
DuPont de Nemours, Inc. 5.319%, 11/15/38		120,000		112,248
Eastman Chemical Co. 4.500%, 12/01/28		150,000		141,089
EIDP, Inc. 4.500%, 05/15/26		196,000		190,909
4.800%, 05/15/33		205,000		191,101
Nutrien Ltd. 4.200%, 04/01/29		50,000		46,309
5.000%, 04/01/49		75,000		61,633
				935,230
Commercial Services—0.1%
Ford Foundation 2.815%, 06/01/70		55,000		30,220
Global Payments, Inc. 2.900%, 05/15/30 (b)		42,000		34,433
2.900%, 11/15/31 (b)		83,000		65,111
3.200%, 08/15/29		99,000		84,191
5.300%, 08/15/29		57,000		54,358
Pepperdine University 3.301%, 12/01/59		100,000		60,603
Quanta Services, Inc. 2.350%, 01/15/32		115,000		86,295
2.900%, 10/01/30		180,000		146,815
S&P Global, Inc. 2.900%, 03/01/32		81,000		66,665
Triton Container International Ltd. 1.150%, 06/07/24 (144A)		115,000		110,668
University of Southern California 3.226%, 10/01/2120		100,000		54,912

BHFTI-192

Brighthouse Funds Trust I

JPMorgan Global Active Allocation Portfolio

Consolidated Schedule of Investments as of September 30, 2023 (Unaudited)

Corporate Bonds & Notes—(Continued)

Security Description	Principal Amount*		Value
Commercial Services—(Continued)
Verisk Analytics, Inc. 5.750%, 04/01/33		140,000	$	139,215
				933,486
Computers—0.0%
CGI, Inc. 2.300%, 09/14/31		156,000		117,090
Dell International LLC/EMC Corp. 5.250%, 02/01/28		252,000		248,153
6.020%, 06/15/26		73,000		73,285
Leidos, Inc. 2.300%, 02/15/31		55,000		42,297
5.750%, 03/15/33		90,000		86,252
				567,077
Cosmetics/Personal Care—0.0%
Haleon U.S. Capital LLC 3.375%, 03/24/29		250,000		224,189
Diversified Financial Services—0.3%
AerCap Ireland Capital DAC/AerCap Global Aviation Trust 1.750%, 01/30/26		551,000		497,261
4.450%, 04/03/26		150,000		144,007
6.100%, 01/15/27		230,000		228,874
6.500%, 07/15/25		837,000		837,965
Air Lease Corp. 2.875%, 01/15/26 (b)		50,000		46,553
3.250%, 10/01/29		150,000		127,615
3.375%, 07/01/25		261,000		247,949
Aviation Capital Group LLC 4.125%, 08/01/25 (144A)		80,000		76,104
Avolon Holdings Funding Ltd. 2.125%, 02/21/26 (144A)		70,000		62,705
2.528%, 11/18/27 (144A)		382,000		322,466
2.875%, 02/15/25 (144A)		164,000		154,832
4.250%, 04/15/26 (144A)		105,000		98,689
4.375%, 05/01/26 (144A)		145,000		136,146
5.500%, 01/15/26 (144A)		185,000		179,096
Brookfield Finance, Inc. 4.850%, 03/29/29		137,000		129,671
GTP Acquisition Partners I LLC 3.482%, 06/15/50 (144A)		325,000		310,971
Mitsubishi HC Capital, Inc. 3.559%, 02/28/24 (144A)		200,000		197,718
Nasdaq, Inc. 5.550%, 02/15/34		75,000		71,584
Nomura Holdings, Inc. 2.648%, 01/16/25		375,000		357,738
Nuveen LLC 4.000%, 11/01/28 (144A)		100,000		92,682
Park Aerospace Holdings Ltd. 5.500%, 02/15/24 (144A)		10,000		9,950
				4,330,576
Electric—0.7%
AEP Transmission Co. LLC 3.150%, 09/15/49		30,000		19,239
Alexander Funding Trust 1.841%, 11/15/23 (144A)		200,000		198,678
Ameren Illinois Co. 4.500%, 03/15/49		225,000		185,433
Arizona Public Service Co. 4.700%, 01/15/44		50,000		37,918
Baltimore Gas & Electric Co. 3.200%, 09/15/49		205,000		132,025
5.400%, 06/01/53		235,000		215,959
Cleveland Electric Illuminating Co. 4.550%, 11/15/30 (144A)		60,000		54,599
Consolidated Edison Co. of New York, Inc. 4.650%, 12/01/48		150,000		121,482
6.150%, 11/15/52		150,000		150,964
Constellation Energy Generation LLC 5.750%, 10/01/41		120,000		108,269
5.800%, 03/01/33		171,000		166,731
6.500%, 10/01/53		180,000		180,420
Consumers Energy Co. 4.625%, 05/15/33		220,000		204,797
DTE Electric Co. 5.400%, 04/01/53		215,000		200,959
DTE Energy Co. 4.875%, 06/01/28		200,000		193,288
Duke Energy Corp. 4.500%, 08/15/32		150,000		134,934
6.100%, 09/15/53		210,000		203,661
Duke Energy Florida LLC 5.950%, 11/15/52		190,000		186,610
Duke Energy Progress LLC 2.900%, 08/15/51		315,000		185,762
3.700%, 10/15/46		120,000		83,260
Duquesne Light Holdings, Inc. 3.616%, 08/01/27 (144A)		150,000		134,312
Edison International 5.750%, 06/15/27		55,000		54,491
Emera U.S. Finance LP 4.750%, 06/15/46		110,000		81,150
Entergy Louisiana LLC 2.900%, 03/15/51		145,000		85,287
Entergy Mississippi LLC 3.850%, 06/01/49		120,000		86,127
5.000%, 09/01/33		280,000		263,135
Evergy Missouri West, Inc. 5.150%, 12/15/27 (144A)		223,000		216,993
Evergy, Inc. 2.900%, 09/15/29		235,000		200,714
Eversource Energy 4.600%, 07/01/27		209,000		201,016
5.125%, 05/15/33		190,000		176,723
Fells Point Funding Trust 3.046%, 01/31/27 (144A)		245,000		222,162
Florida Power & Light Co. 5.300%, 04/01/53 (b)		120,000		111,352

BHFTI-193

Brighthouse Funds Trust I

JPMorgan Global Active Allocation Portfolio

Consolidated Schedule of Investments as of September 30, 2023 (Unaudited)

Corporate Bonds & Notes—(Continued)

Security Description	Principal Amount*		Value
Electric—(Continued)
ITC Holdings Corp. 2.950%, 05/14/30 (144A)		170,000	$	140,998
4.950%, 09/22/27 (144A)		385,000		375,107
Jersey Central Power & Light Co. 4.300%, 01/15/26 (144A)		115,000		110,811
6.150%, 06/01/37		100,000		98,121
MidAmerican Energy Co. 5.850%, 09/15/54		100,000		98,587
NextEra Energy Capital Holdings, Inc. 5.000%, 07/15/32 (b)		365,000		341,104
Northern States Power Co. 5.100%, 05/15/53		280,000		250,521
NRG Energy, Inc. 2.000%, 12/02/25 (144A)		90,000		81,444
2.450%, 12/02/27 (144A)		100,000		84,767
4.450%, 06/15/29 (144A)		100,000		86,724
Ohio Power Co. 5.000%, 06/01/33		210,000		197,038
Pacific Gas & Electric Co. 2.950%, 03/01/26		265,000		244,074
3.450%, 07/01/25		90,000		85,377
3.750%, 08/15/42		37,000		23,735
4.300%, 03/15/45		60,000		40,602
6.400%, 06/15/33 (b)		235,000		226,501
PacifiCorp 5.500%, 05/15/54		11,000		9,329
PG&E Recovery Funding LLC 5.536%, 07/15/47		135,000		127,123
PG&E Wildfire Recovery Funding LLC 4.263%, 06/01/36		65,000		58,711
5.099%, 06/01/52		165,000		147,819
5.212%, 12/01/47		85,000		77,428
PPL Electric Utilities Corp. 5.250%, 05/15/53		130,000		118,717
Public Service Co. of Oklahoma 3.150%, 08/15/51		155,000		93,519
5.250%, 01/15/33		190,000		180,559
6.625%, 11/15/37		100,000		100,974
Puget Energy, Inc. 2.379%, 06/15/28		60,000		51,325
San Diego Gas & Electric Co. 2.950%, 08/15/51		230,000		139,274
SCE Recovery Funding LLC 4.697%, 06/15/40		160,000		148,937
5.112%, 12/15/47		65,000		58,759
Sigeco Securitization I LLC 5.026%, 11/15/38		150,000		143,096
Southern California Edison Co. 4.050%, 03/15/42		150,000		112,260
5.700%, 03/01/53		65,000		59,719
5.850%, 11/01/27		229,000		230,229
5.875%, 12/01/53		176,000		165,402
Southern Co. 5.700%, 03/15/34 (b)		110,000		107,728
Southern Power Co. 5.150%, 09/15/41		100,000		85,740
Electric—(Continued)
Southwestern Electric Power Co. 3.900%, 04/01/45		40,000		27,776
Tucson Electric Power Co. 4.850%, 12/01/48		150,000		121,840
5.500%, 04/15/53		235,000		213,446
Union Electric Co. 5.450%, 03/15/53		140,000		129,130
				9,992,801
Electronics—0.0%
Arrow Electronics, Inc. 3.875%, 01/12/28		80,000		72,952
Food—0.1%
Campbell Soup Co. 3.125%, 04/24/50		28,000		17,032
JBS USA LUX SA/JBS USA Food Co./JBS Luxembourg Sarl 6.750%, 03/15/34 (144A)		230,000		223,788
Kellogg Co. 5.250%, 03/01/33		161,000		153,840
Kraft Heinz Foods Co. 4.375%, 06/01/46		64,000		49,871
4.625%, 10/01/39		85,000		71,796
Kroger Co. 4.450%, 02/01/47 (b)		120,000		93,930
Smithfield Foods, Inc. 3.000%, 10/15/30 (144A)		200,000		152,882
5.200%, 04/01/29 (144A)		150,000		137,006
				900,145
Gas—0.1%
APA Infrastructure Ltd. 4.200%, 03/23/25 (144A)		100,000		97,255
4.250%, 07/15/27 (144A)		70,000		66,020
Atmos Energy Corp. 4.125%, 03/15/49		145,000		111,632
Brooklyn Union Gas Co. 3.865%, 03/04/29 (144A)		170,000		151,106
NiSource, Inc. 1.700%, 02/15/31		100,000		74,785
ONE Gas, Inc. 4.500%, 11/01/48		142,000		109,037
Southern California Gas Co. 6.350%, 11/15/52 (b)		225,000		229,990
Southern Co. Gas Capital Corp. 3.950%, 10/01/46		185,000		129,116
				968,941
Healthcare-Products—0.0%
Boston Scientific Corp. 4.550%, 03/01/39		60,000		51,617
DH Europe Finance II Sarl 3.250%, 11/15/39		115,000		86,323
				137,940

BHFTI-194

Brighthouse Funds Trust I

JPMorgan Global Active Allocation Portfolio

Consolidated Schedule of Investments as of September 30, 2023 (Unaudited)

Corporate Bonds & Notes—(Continued)

Security Description	Principal Amount*		Value
Healthcare-Services—0.1%
AHS Hospital Corp. 5.024%, 07/01/45		110,000	$	98,162
Children’s Hospital Corp. 2.928%, 07/15/50		100,000		58,776
CommonSpirit Health 1.547%, 10/01/25		65,000		59,622
2.782%, 10/01/30		70,000		57,618
3.910%, 10/01/50		65,000		46,099
Cottage Health Obligated Group 3.304%, 11/01/49		110,000		72,696
Elevance Health, Inc. 4.101%, 03/01/28		140,000		131,896
Hartford HealthCare Corp. 3.447%, 07/01/54		240,000		155,010
HCA, Inc. 3.500%, 07/15/51		21,000		13,114
5.125%, 06/15/39		110,000		95,287
5.250%, 06/15/26		335,000		327,961
5.500%, 06/01/33		330,000		312,089
5.500%, 06/15/47		85,000		72,553
MyMichigan Health 3.409%, 06/01/50		40,000		25,654
NYU Langone Hospitals 3.380%, 07/01/55		90,000		57,198
Piedmont Healthcare, Inc. 2.864%, 01/01/52		95,000		55,548
UnitedHealth Group, Inc. 5.875%, 02/15/53		90,000		90,320
Yale-New Haven Health Services Corp. 2.496%, 07/01/50		110,000		59,004
				1,788,607
Home Builders—0.0%
MDC Holdings, Inc. 2.500%, 01/15/31		146,000		109,024
Insurance—0.1%
Athene Global Funding 1.450%, 01/08/26 (144A)		65,000		57,927
2.500%, 01/14/25 (144A)		16,000		15,121
2.950%, 11/12/26 (144A)		370,000		332,059
Berkshire Hathaway Finance Corp. 3.850%, 03/15/52		85,000		63,402
Corebridge Financial, Inc. 3.850%, 04/05/29		55,000		49,406
F&G Global Funding 1.750%, 06/30/26 (144A)		80,000		70,629
Hanover Insurance Group, Inc. 2.500%, 09/01/30		70,000		53,653
Hartford Financial Services Group, Inc. 4.300%, 04/15/43		25,000		19,305
6.100%, 10/01/41		25,000		24,247
Mutual of Omaha Cos Global Funding 5.800%, 07/27/26 (144A)		150,000		148,526
New York Life Insurance Co. 4.450%, 05/15/69 (144A)		75,000		55,073
Insurance—(Continued)
Northwestern Mutual Global Funding 1.700%, 06/01/28 (144A)		85,000		71,813
Pacific Life Insurance Co. 4.300%, 10/24/67 (144A) †		97,000		68,094
Prudential Insurance Co. of America 8.300%, 07/01/25 (144A)		250,000		256,043
Teachers Insurance & Annuity Association of America 4.270%, 05/15/47 (144A)		100,000		76,205
				1,361,503
Internet—0.0%
Amazon.com, Inc. 3.950%, 04/13/52 (b)		280,000		216,425
Meta Platforms, Inc. 5.600%, 05/15/53		205,000		194,024
				410,449
Machinery-Diversified—0.0%
Otis Worldwide Corp. 2.565%, 02/15/30		235,000		194,832
Media—0.1%
Charter Communications Operating LLC/Charter Communications Operating Capital 3.500%, 03/01/42		105,000		64,887
3.700%, 04/01/51		285,000		165,839
4.800%, 03/01/50		240,000		167,824
Comcast Corp. 2.887%, 11/01/51		439,000		258,720
2.937%, 11/01/56		58,000		32,963
2.987%, 11/01/63		22,000		12,167
3.250%, 11/01/39		115,000		84,011
3.450%, 02/01/50		190,000		128,464
5.350%, 05/15/53 (b)		200,000		182,360
Discovery Communications LLC 5.200%, 09/20/47		215,000		163,001
Time Warner Cable LLC 6.550%, 05/01/37		50,000		45,351
6.750%, 06/15/39		265,000		242,572
				1,548,159
Metal Fabricate/Hardware—0.0%
Precision Castparts Corp. 4.200%, 06/15/35		60,000		51,433
Mining—0.0%
BHP Billiton Finance USA Ltd. 5.250%, 09/08/30		280,000		273,471
Glencore Funding LLC 2.500%, 09/01/30 (144A)		200,000		158,088
5.400%, 05/08/28 (144A)		210,000		204,704
				636,263

BHFTI-195

Brighthouse Funds Trust I

JPMorgan Global Active Allocation Portfolio

Consolidated Schedule of Investments as of September 30, 2023 (Unaudited)

Corporate Bonds & Notes—(Continued)

Security Description	Principal Amount*		Value
Miscellaneous Manufacturing—0.0%
Eaton Corp. 5.800%, 03/15/37		100,000	$	97,584
Oil & Gas—0.1%
BP Capital Markets America, Inc. 2.939%, 06/04/51 (b)		505,000		308,332
4.812%, 02/13/33 (b)		180,000		168,458
Eni USA, Inc. 7.300%, 11/15/27		100,000		106,054
Exxon Mobil Corp. 2.995%, 08/16/39		140,000		102,110
3.095%, 08/16/49		175,000		115,826
HF Sinclair Corp. 2.625%, 10/01/23		120,000		120,000
5.875%, 04/01/26		56,000		55,828
Phillips 66 Co. 3.150%, 12/15/29		40,000		34,600
4.900%, 10/01/46		100,000		82,971
Pioneer Natural Resources Co. 1.900%, 08/15/30		150,000		117,683
TotalEnergies Capital International SA 2.986%, 06/29/41		200,000		139,386
3.127%, 05/29/50		95,000		61,918
3.461%, 07/12/49		55,000		38,225
				1,451,391
Oil & Gas Services—0.0%
Baker Hughes Holdings LLC/Baker Hughes Co.-Obligor, Inc. 3.138%, 11/07/29		170,000		147,585
Schlumberger Holdings Corp. 3.900%, 05/17/28 (144A)		80,000		74,310
				221,895
Packaging & Containers—0.0%
Graphic Packaging International LLC 1.512%, 04/15/26 (144A)		115,000		102,446
Packaging Corp. of America 4.050%, 12/15/49 (b)		135,000		98,123
				200,569
Pharmaceuticals—0.2%
AbbVie, Inc. 4.050%, 11/21/39 (b)		300,000		245,437
4.400%, 11/06/42		205,000		170,450
4.450%, 05/14/46		45,000		36,763
4.550%, 03/15/35		60,000		54,575
4.625%, 10/01/42		90,000		75,800
AstraZeneca PLC 6.450%, 09/15/37		50,000		54,016
Bristol-Myers Squibb Co. 4.125%, 06/15/39		105,000		87,564
4.550%, 02/20/48		150,000		125,180
CVS Health Corp.
4.300%, 03/25/28 (b)		66,000		62,463
5.050%, 03/25/48		175,000		145,398
5.300%, 12/05/43		200,000		174,523
Pharmaceuticals—(Continued)
CVS Pass-Through Trust 4.704%, 01/10/36 (144A)		238,885		214,442
5.880%, 01/10/28		218,002		211,945
8.353%, 07/10/31 (144A)		112,302		119,365
Merck & Co., Inc. 5.000%, 05/17/53 (b)		135,000		122,777
5.150%, 05/17/63		105,000		95,757
Pfizer Investment Enterprises Pte. Ltd. 4.750%, 05/19/33		145,000		137,065
5.300%, 05/19/53 (b)		315,000		292,683
Takeda Pharmaceutical Co. Ltd. 3.025%, 07/09/40		515,000		357,574
3.175%, 07/09/50		200,000		126,560
Zoetis, Inc. 2.000%, 05/15/30		140,000		112,066
				3,022,403
Pipelines—0.2%
Cameron LNG LLC 3.701%, 01/15/39 (144A)		163,000		125,329
DT Midstream, Inc. 4.300%, 04/15/32 (144A)		160,000		135,968
Enbridge, Inc. 5.700%, 03/08/33		150,000		143,700
Energy Transfer LP 4.150%, 09/15/29		90,000		81,513
4.400%, 03/15/27 (b)		70,000		66,346
4.750%, 01/15/26		46,000		44,760
4.950%, 05/15/28		80,000		76,536
4.950%, 01/15/43		150,000		116,416
5.500%, 06/01/27		36,000		35,435
6.250%, 04/15/49 (b)		70,000		64,227
Flex Intermediate Holdco LLC 3.363%, 06/30/31 (144A)		140,000		108,814
4.317%, 12/30/39 (144A)		60,000		41,214
Gray Oak Pipeline LLC 3.450%, 10/15/27 (144A)		500,000		442,965
Kinder Morgan Energy Partners LP 5.000%, 08/15/42		170,000		137,454
Kinder Morgan, Inc. 5.050%, 02/15/46		80,000		63,985
5.200%, 06/01/33		200,000		184,985
ONEOK Partners LP 6.650%, 10/01/36		140,000		138,958
Plains All American Pipeline LP/PAA Finance Corp. 3.850%, 10/15/23		113,000		112,802
Sabine Pass Liquefaction LLC 4.500%, 05/15/30 (b)		185,000		169,656
Southern Natural Gas Co. LLC 4.800%, 03/15/47 (144A)		102,000		78,139
8.000%, 03/01/32		70,000		76,889
TransCanada PipeLines Ltd. 6.200%, 10/15/37		130,000		127,330
Williams Cos., Inc. 2.600%, 03/15/31		100,000		79,645
5.650%, 03/15/33		115,000		111,124
				2,764,190

BHFTI-196

Brighthouse Funds Trust I

JPMorgan Global Active Allocation Portfolio

Consolidated Schedule of Investments as of September 30, 2023 (Unaudited)

Corporate Bonds & Notes—(Continued)

Security Description	Principal Amount*		Value
Real Estate—0.0%
Ontario Teachers’ Cadillac Fairview Properties Trust 3.875%, 03/20/27 (144A)		243,000	$	223,327
Real Estate Investment Trusts—0.3%
Alexandria Real Estate Equities, Inc. 3.800%, 04/15/26		23,000		21,934
4.000%, 02/01/50		111,000		77,425
American Tower Corp. 1.500%, 01/31/28		150,000		124,317
1.875%, 10/15/30		130,000		98,374
2.950%, 01/15/51		39,000		21,992
3.100%, 06/15/50		61,000		35,568
3.700%, 10/15/49		210,000		137,239
American Tower Trust 3.652%, 03/15/48 (144A)		160,000		146,329
Brixmor Operating Partnership LP 2.250%, 04/01/28		80,000		67,367
2.500%, 08/16/31		45,000		34,024
3.850%, 02/01/25		60,000		57,802
Corporate Office Properties LP 2.750%, 04/15/31		132,000		99,073
Crown Castle, Inc. 4.450%, 02/15/26		100,000		96,828
Equinix, Inc. 2.900%, 11/18/26		135,000		123,923
ERP Operating LP 4.150%, 12/01/28		120,000		112,564
Essex Portfolio LP 2.650%, 03/15/32 (b)		120,000		92,355
Extra Space Storage LP 2.400%, 10/15/31		55,000		42,106
4.000%, 06/15/29		137,000		122,871
Goodman U.S. Finance Three LLC 3.700%, 03/15/28 (144A)		110,000		98,614
Healthcare Realty Holdings LP 2.000%, 03/15/31		80,000		59,957
3.100%, 02/15/30		200,000		166,529
Healthpeak OP LLC 2.125%, 12/01/28		142,000		119,271
3.000%, 01/15/30 (b)		110,000		92,936
3.500%, 07/15/29		118,000		104,086
NNN REIT, Inc. 4.000%, 11/15/25		100,000		95,697
5.600%, 10/15/33		100,000		94,223
Physicians Realty LP 2.625%, 11/01/31		55,000		41,424
Public Storage Operating Co. 2.250%, 11/09/31		55,000		43,015
Realty Income Corp. 4.850%, 03/15/30		170,000		160,216
Regency Centers LP 2.950%, 09/15/29		195,000		165,964
Sabra Health Care LP 3.200%, 12/01/31		90,000		67,344
Safehold GL Holdings LLC 2.850%, 01/15/32		167,000		122,672
Real Estate Investment Trusts—(Continued)
SITE Centers Corp. 4.700%, 06/01/27		60,000		55,546
UDR, Inc. 3.000%, 08/15/31 (b)		40,000		32,485
3.500%, 01/15/28		100,000		90,285
Ventas Realty LP 4.875%, 04/15/49		88,000		67,179
Welltower OP LLC 3.100%, 01/15/30		90,000		76,191
WP Carey, Inc. 2.250%, 04/01/33 (b)		135,000		96,307
2.450%, 02/01/32		70,000		52,762
				3,414,794
Retail—0.1%
7-Eleven, Inc. 1.800%, 02/10/31 (144A)		60,000		45,492
2.500%, 02/10/41 (144A)		196,000		119,897
Alimentation Couche-Tard, Inc. 3.439%, 05/13/41 (144A)		20,000		13,303
3.625%, 05/13/51 (144A)		25,000		15,466
3.800%, 01/25/50 (144A)		135,000		87,660
AutoZone, Inc. 1.650%, 01/15/31		180,000		135,337
Home Depot, Inc. 4.950%, 09/15/52 (b)		126,000		112,693
Lowe’s Cos., Inc. 3.000%, 10/15/50		105,000		62,008
4.250%, 04/01/52		100,000		73,769
McDonald’s Corp. 6.300%, 10/15/37		90,000		93,748
Starbucks Corp. 4.800%, 02/15/33		250,000		235,238
				994,611
Semiconductors—0.1%
Analog Devices, Inc. 2.800%, 10/01/41		96,000		64,083
Broadcom, Inc. 1.950%, 02/15/28 (144A)		265,000		225,912
3.137%, 11/15/35 (144A)		270,000		196,852
3.187%, 11/15/36 (144A)		120,000		86,159
Intel Corp. 5.625%, 02/10/43		65,000		61,984
5.700%, 02/10/53 (b)		105,000		98,464
KLA Corp. 3.300%, 03/01/50		100,000		66,455
Marvell Technology, Inc. 2.950%, 04/15/31		70,000		56,631
NXP BV/NXP Funding LLC/NXP USA, Inc. 2.500%, 05/11/31		145,000		113,217
3.250%, 05/11/41		150,000		100,919
5.000%, 01/15/33		200,000		184,009
QUALCOMM, Inc. 4.500%, 05/20/52		100,000		82,001

BHFTI-197

Brighthouse Funds Trust I

JPMorgan Global Active Allocation Portfolio

Consolidated Schedule of Investments as of September 30, 2023 (Unaudited)

Corporate Bonds & Notes—(Continued)

Security Description	Principal Amount*		Value
Semiconductors—(Continued)
Texas Instruments, Inc. 5.050%, 05/18/63		167,000	$	148,017
				1,484,703
Software—0.1%
Fiserv, Inc. 4.400%, 07/01/49		60,000		45,962
Oracle Corp. 3.600%, 04/01/40		300,000		216,763
4.900%, 02/06/33		180,000		165,912
5.550%, 02/06/53		130,000		113,901
Roper Technologies, Inc. 2.000%, 06/30/30		240,000		189,783
VMware, Inc. 1.400%, 08/15/26		172,000		151,722
4.650%, 05/15/27		55,000		53,041
				937,084
Telecommunications—0.2%
AT&T, Inc. 1.650%, 02/01/28		50,000		42,200
2.250%, 02/01/32		505,000		380,078
2.300%, 06/01/27 (b)		210,000		185,944
2.750%, 06/01/31 (b)		155,000		124,000
3.500%, 06/01/41 (b)		115,000		79,894
3.550%, 09/15/55		173,000		105,903
5.400%, 02/15/34		120,000		112,308
Corning, Inc. 3.900%, 11/15/49		252,000		179,821
Crown Castle Towers LLC 3.663%, 05/15/45 (144A)		225,000		214,510
Rogers Communications, Inc. 4.550%, 03/15/52 (b)		75,000		54,707
Sprint Capital Corp. 6.875%, 11/15/28		90,000		92,925
Sprint LLC 7.625%, 03/01/26		62,000		63,719
T-Mobile USA, Inc. 3.875%, 04/15/30		190,000		168,334
5.050%, 07/15/33		415,000		385,041
Telefonica Emisiones SA 4.665%, 03/06/38		150,000		120,562
Verizon Communications, Inc. 2.100%, 03/22/28		140,000		120,252
2.650%, 11/20/40		119,000		75,329
4.125%, 03/16/27		56,000		53,259
5.050%, 05/09/33		315,000		294,271
Vodafone Group PLC 6.250%, 11/30/32		160,000		161,936
				3,014,993
Toys/Games/Hobbies—0.0%
Hasbro, Inc. 3.900%, 11/19/29		149,000		131,808
Transportation—0.1%
Burlington Northern Santa Fe LLC 3.550%, 02/15/50		69,000		49,034
Canadian Pacific Railway Co. 4.700%, 05/01/48		80,000		66,219
5.750%, 03/15/33		120,000		117,918
CSX Corp. 4.750%, 11/15/48		95,000		80,329
6.150%, 05/01/37		60,000		61,565
Norfolk Southern Corp. 3.050%, 05/15/50		150,000		93,049
Union Pacific Corp. 4.100%, 09/15/67		70,000		50,732
4.950%, 05/15/53 (b)		145,000		129,771
				648,617
Trucking & Leasing—0.0%
Penske Truck Leasing Co. LP/PTL Finance Corp. 6.050%, 08/01/28 (144A)		200,000		197,491
Total Corporate Bonds & Notes (Cost $90,333,327)				79,977,496
Mutual Funds—4.2%
Investment Company Securities—4.2%
SPDR Bloomberg High Yield Bond ETF (b) (Cost $57,524,468)		633,557		57,273,553
Asset-Backed Securities—2.7%
Asset-Backed - Automobile—0.9%
American Credit Acceptance Receivables Trust 4.410%, 06/13/28 (144A)		550,000		542,645
Avis Budget Rental Car Funding AESOP LLC 4.000%, 03/20/25 (144A)		500,000		497,468
CarNow Auto Receivables Trust 1.300%, 01/15/26 (144A)		67,662		67,392
Carvana Auto Receivables Trust 5.920%, 07/10/29 (144A)		440,000		429,088
Credit Acceptance Auto Loan Trust 8.450%, 02/15/33 (144A)		600,000		611,422
DT Auto Owner Trust 0.870%, 05/17/27 (144A)		266,000		256,846
4.220%, 01/15/27 (144A)		600,000		590,256
5.790%, 02/15/29 (144A)		685,000		674,218
Exeter Automobile Receivables Trust 3.110%, 08/15/25 (144A)		143,158		142,064
4.920%, 12/15/28		700,000		685,600
5.300%, 09/15/27		560,000		551,676
5.980%, 12/15/28		600,000		588,347
6.760%, 09/15/28		700,000		695,984
Flagship Credit Auto Trust
4.080%, 02/18/25 (144A)		231,899		230,837

BHFTI-198

Brighthouse Funds Trust I

JPMorgan Global Active Allocation Portfolio

Consolidated Schedule of Investments as of September 30, 2023 (Unaudited)

Asset-Backed Securities—(Continued)

Security Description	Principal Amount*		Value
Asset-Backed - Automobile—(Continued)
Flagship Credit Auto Trust
5.810%, 05/15/29 (144A)		890,000	$	871,762
7.710%, 10/16/28 (144A)		600,000		615,411
GLS Auto Receivables Issuer Trust 3.970%, 01/18/28 (144A)		500,000		472,272
Santander Drive Auto Receivables Trust 6.690%, 03/17/31		825,000		831,266
Sonoran Auto Receivables Trust 4.750%, 06/15/25		62,689		62,193
U.S. Auto Funding Trust 5.130%, 12/15/25 (144A)		700,000		658,566
Westlake Automobile Receivables Trust 2.120%, 01/15/27 (144A)		1,000,000		932,038
5.480%, 09/15/27 (144A)		1,000,000		976,254
				11,983,605
Asset-Backed - Credit Card—0.1%
Continental Finance Credit Card ABS Master Trust 6.190%, 10/15/30 (144A)		575,000		555,254
Asset-Backed - Other—1.7%
American Homes 4 Rent Trust 3.786%, 10/17/36 (144A)		172,277		168,198
4.691%, 10/17/52 (144A)		100,000		96,973
4.705%, 10/17/36 (144A)		100,000		97,963
AMSR Trust 1.355%, 11/17/37 (144A)		782,000		709,623
3.218%, 04/17/37 (144A)		700,000		656,068
Bridge Trust 4.450%, 11/17/37 (144A)		700,000		656,916
Business Jet Securities LLC 2.162%, 04/15/36 (144A)		116,581		106,023
2.981%, 11/15/35 (144A)		66,150		62,018
BXG Receivables Note Trust 4.440%, 02/02/34 (144A)		196,759		185,844
Cars Net Lease Mortgage Notes 3.100%, 12/15/50 (144A)		128,213		104,081
CoreVest American Finance Trust 2.705%, 10/15/52 (144A)		302,053		287,370
3.163%, 10/15/52 (144A)		650,000		548,541
3.880%, 03/15/52 (144A)		320,000		316,803
Diamond Resorts Owner Trust 3.530%, 02/20/32 (144A)		142,484		142,407
FirstKey Homes Trust 1.266%, 10/19/37 (144A)		786,200		713,318
2.668%, 10/19/37 (144A)		1,250,000		1,137,746
4.500%, 07/17/38 (144A)		496,000		465,915
4.500%, 07/17/39 (144A)		750,000		668,505
FMC GMSR Issuer Trust 3.620%, 07/25/26 (144A) (e)		400,000		328,002
3.690%, 02/25/24		1,065,000		1,012,815
3.850%, 10/25/26 (144A) (e)		360,000		295,422
4.450%, 01/25/26 (144A) (e)		500,000		432,938
6.190%, 04/25/27 (144A)		400,000		371,133
Asset-Backed - Other—(Continued)
Foundation Finance Trust 3.860%, 11/15/34 (144A)		22,789		22,517
FREED ABS Trust 2.370%, 11/20/28 (144A)		500,000		472,070
5.790%, 08/20/29 (144A)		460,300		459,474
7.580%, 12/18/29 (144A)		606,953		609,596
Lendmark Funding Trust 1.900%, 11/20/31 (144A)		1,100,000		949,763
5.600%, 05/20/33 (144A)		500,000		485,435
6.160%, 05/20/33 (144A)		260,000		254,361
6.600%, 07/20/32 (144A)		700,000		690,692
LL ABS Trust 5.050%, 11/15/29 (144A)		400,000		387,452
LP LMS Asset Securitization Trust 1.750%, 01/15/29 (144A)		69,954		69,067
Marlette Funding Trust 1.810%, 12/15/31 (144A)		650,000		603,653
MVW Owner Trust 6.540%, 10/20/40 (144A)		744,342		723,104
NRZ Excess Spread-Collateralized Notes 3.474%, 11/25/26 (144A)		291,734		262,748
3.844%, 12/25/25 (144A)		198,581		185,237
Oportun Issuance Trust 5.050%, 06/09/31 (144A)		500,000		486,727
Orange Lake Timeshare Trust 3.610%, 04/09/38 (144A)		312,163		295,707
Pagaya AI Technology in Housing Trust 4.250%, 08/25/25 (144A)		1,000,000		951,348
PRET LLC 2.487%, 07/25/51 (144A) (h)		189,359		179,881
Pretium Mortgage Credit Partners I LLC 2.240%, 09/27/60 (144A) (h)		264,844		255,575
Progress Residential Trust 1.052%, 04/17/38 (144A)		630,843		555,722
4.550%, 04/17/27 (144A)		750,000		677,932
5.200%, 04/17/39 (144A)		330,000		302,954
6.618%, 06/17/39 (144A)		724,000		694,168
SCF Equipment Leasing LLC 3.790%, 11/20/31 (144A)		220,000		195,714
Sierra Timeshare Receivables Funding LLC 2.750%, 08/20/36 (144A)		143,151		134,986
3.120%, 05/20/36 (144A)		81,608		78,950
3.940%, 10/20/38 (144A)		98,749		92,466
6.280%, 04/20/40 (144A)		226,800		224,999
Tricon American Homes Trust 3.198%, 03/17/38 (144A)		525,000		485,546
VM Debt Trust 7.460%, 07/18/27 (c) (d)		499,918		456,175
VOLT CI LLC 1.992%, 05/25/51 (144A) (h)		185,769		169,654
VOLT XCII LLC 1.893%, 02/27/51 (144A) (h)		264,553		248,670
VOLT XCIV LLC 2.240%, 02/27/51 (144A) (h)		654,591		616,787

BHFTI-199

Brighthouse Funds Trust I

JPMorgan Global Active Allocation Portfolio

Consolidated Schedule of Investments as of September 30, 2023 (Unaudited)

Asset-Backed Securities—(Continued)

Security Description	Shares/ Principal Amount*		Value
Asset-Backed - Other—(Continued)
VOLT XCVI LLC 2.116%, 03/27/51 (144A) (h)		877,760	$	830,619
VOLT XCVII LLC 2.240%, 04/25/51 (144A) (h)		214,280		199,576
				23,873,947
Total Asset-Backed Securities (Cost $37,198,086)				36,412,806
Convertible Preferred Stocks—0.9%
Banks—0.8%
Bank of America Corp. 7.250%, 12/31/49		9,275		10,315,748
Diversified Financial Services—0.1%
AMG Capital Trust II 5.150%, 10/15/37		39,936		1,956,864
Total Convertible Preferred Stocks (Cost $12,879,293)				12,272,612
Mortgage-Backed Securities—0.5%
Collateralized Mortgage Obligations—0.2%
GS Mortgage-Backed Securities Corp. Trust 1.750%, 12/25/60 (144A) (e)		582,097		520,410
Home RE Ltd. 8.165%, SOFR30A + 2.850%, 10/25/34 (144A) (e)		282,696		284,813
Seasoned Loans Structured Transaction 3.500%, 11/25/28		860,552		803,984
Towd Point Mortgage Trust 2.918%, 11/30/60 (144A) (e)		543,003		428,228
VM Master Issuer LLC 5.163%, 05/24/25 (144A) (e)		400,000		390,941
				2,428,376
Commercial Mortgage-Backed Securities—0.3%
Commercial Mortgage Trust 2.896%, 02/10/37 (144A)		650,000		613,276
3.402%, 02/10/37 (144A)		420,000		389,619
CSMC Trust 3.953%, 09/15/37 (144A)		655,000		558,928
GS Mortgage Securities Trust 3.932%, 10/10/35 (144A) (e)		440,000		392,092
MRCD Mortgage Trust 2.718%, 12/15/36 (144A)		1,420,000		1,158,867
SBALR Commercial Mortgage Trust 2.825%, 02/13/53 (144A)		773,606		606,280
Commercial Mortgage-Backed Securities—(Continued)
SLG Office Trust 2.585%, 07/15/41 (144A)		390,000		304,135
				4,023,197
Total Mortgage-Backed Securities (Cost $7,356,625)				6,451,573
Preferred Stock—0.4%
Electric Utilities—0.4%
NextEra Energy, Inc., 6.926%, 09/01/25 (Cost $6,639,907)		136,750		5,173,252
Municipals—0.0%
Texas Natural Gas Securitization Finance Corp. 5.169%, 04/01/41 (Cost $155,000)		155,000		147,994
Short-Term Investments—14.1%
Mutual Funds—0.0%
State Street U.S. Treasury Liquidity Fund 5.290% (i)		26,405		26,405
Repurchase Agreement—12.2%
Fixed Income Clearing Corp. Repurchase Agreement dated 09/29/23 at 2.500%, due on 10/02/23 with a maturity value of $168,021,219; collateralized by U.S. Treasury Note at 0.750%, maturing 04/30/26, with a market value of $171,346,034.		167,986,222		167,986,222
U.S. Treasury—1.9%
U.S. Treasury Bill 5.311%, 03/21/24 (j) (k)		27,000,000		26,317,582
Total Short-Term Investments (Cost $194,327,572)				194,330,209
Securities Lending Reinvestments (l)—2.1%
Certificates of Deposit—1.1%
Bank of America N.A. 5.700%, FEDEFF PRV + 0.370%, 11/17/23 (e)		1,000,000		1,000,135
Bank of Montreal 6.100%, SOFR + 0.790%, 11/08/23 (e)		1,000,000		1,000,643
Barclays Bank PLC 5.720%, SOFR + 0.400%, 02/14/24 (e)		1,000,000		1,000,072
BNP Paribas SA 5.760%, SOFR + 0.450%, 10/10/23 (e)		2,000,000		1,999,904

BHFTI-200

Brighthouse Funds Trust I

JPMorgan Global Active Allocation Portfolio

Consolidated Schedule of Investments as of September 30, 2023 (Unaudited)

Securities Lending Reinvestments (l)—(Continued)

Security Description	Principal Amount*		Value
Certificates of Deposit—(Continued)
Canadian Imperial Bank of Commerce (NY) 5.710%, SOFR + 0.400%, 10/13/23 (e)		1,000,000	$	1,000,098
Credit Industriel et Commercial 5.510%, SOFR + 0.200%, 12/01/23 (e)		1,000,000		999,912
Mitsubishi UFJ Trust & Banking Corp. Zero Coupon, 10/20/23		500,000		498,450
Mizuho Bank Ltd. 5.610%, SOFR + 0.290%, 10/17/23 (e)		2,000,000		2,000,098
Nordea Bank Abp 5.660%, SOFR + 0.350%, 10/23/23 (e)		1,000,000		1,000,152
Oversea-Chinese Banking Corp. Ltd. 5.550%, SOFR + 0.230%, 11/13/23 (e)		1,000,000		1,000,146
Sumitomo Mitsui Trust Bank Ltd. 5.580%, SOFR + 0.270%, 10/23/23 (e)		1,000,000		1,000,053
Svenska Handelsbanken AB 5.660%, SOFR + 0.340%, 10/31/23 (e)		2,000,000		2,000,210
Toronto-Dominion Bank 5.780%, FEDEFF PRV + 0.450%, 10/13/23 (e)		1,000,000		1,000,095
				15,499,968
Commercial Paper—0.4%
National Australia Bank Ltd. 5.660%, SOFR + 0.350%, 12/05/23 (e)		2,000,000		2,000,440
Old Line Funding LLC 5.620%, SOFR + 0.300%, 12/28/23 (e)		1,000,000		999,999
Skandinaviska Enskilda Banken AB 5.680%, SOFR + 0.360%, 11/15/23 (e)		2,000,000		2,000,540
UBS AG 5.600%, SOFR + 0.280%, 11/27/23 (e)		1,000,000		1,000,000
				6,000,979
Repurchase Agreements—0.5%
Citigroup Global Markets, Inc. Repurchase Agreement dated 09/29/23 at 5.870%, due on 04/01/24 with a maturity value of $2,060,331; collateralized by U.S. Treasury Obligations with rates ranging from 2.000% - 2.875%, maturity dates ranging from 02/15/25 - 05/15/49, and various Common Stock with an aggregate market value of $2,125,943.		2,000,000		2,000,000
ING Financial Markets LLC Repurchase Agreement dated 09/29/23 at 5.300%, due on 10/02/23 with a maturity value of $307,577; collateralized by U.S. Treasury Obligations with rates ranging from 0.000% - 4.500%, maturity dates ranging from 10/12/23 - 02/15/50, and an aggregate market value of $313,590.		307,441		307,441
National Bank of Canada Repurchase Agreement dated 09/29/23 at 5.450%, due on 10/06/23 with a maturity value of $3,003,179; collateralized by various Common Stock with an aggregate market value of $3,347,962.		3,000,000		3,000,000
Royal Bank of Canada Toronto Repurchase Agreement dated 09/29/23 at 5.590%, due on 11/03/23 with a maturity value of $2,010,869; collateralized by various Common Stock with an aggregate market value of $2,222,567.		2,000,000		2,000,000
				7,307,441
Mutual Funds—0.1%
HSBC U.S. Government Money Market Fund, Class I 5.270% (i)		1,000,000		1,000,000
Total Securities Lending Reinvestments (Cost $29,806,049)				29,808,388
Total Investments—102.2% (Cost $1,412,336,787)				1,403,583,277
Other assets and liabilities (net)—(2.2)%				(30,748,956	)
Net Assets—100.0%			$	1,372,834,321

*	Principal amount stated in U.S. dollars unless otherwise noted.
†	Restricted securities are not registered under the Securities Act of 1933 and are subject to legal restrictions on resale. These securities generally may be resold in transactions exempt from registration or to the public if the securities are subsequently registered. Disposal of these securities may involve time-consuming negotiations and prompt sale at an acceptable price may be difficult. As of September 30, 2023, the market value of restricted securities was $68,094, 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 September 30, 2023, the market value of securities loaned was $60,703,600 and the collateral received consisted of cash in the amount of $29,800,324 and non-cash collateral with a value of $32,617,403. 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)	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 subject to oversight by the Board of Trustees. As of September 30, 2023, these securities represent 0.1% of net assets.
(e)	Variable or floating rate security. The stated rate represents the rate at September 30, 2023. 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 September 30, 2023.
(j)	The rate shown represents current yield to maturity.
(k)	All or a portion of the security was pledged as collateral against open centrally cleared swap contracts. As of September 30, 2023, the market value of securities pledged was $21,473,197.
(l)	Represents investment of cash collateral received from securities on loan as of September 30, 2023.
(144A)	Securities exempt from registration under Rule 144A of the Securities Act of 1933. These securities may be resold in transactions exempt from registration, normally to qualified institutional buyers. As of September 30, 2023, the market value of 144A securities was $79,269,476 which is 5.8% of net assets.

BHFTI-201

Brighthouse Funds Trust I

JPMorgan Global Active Allocation Portfolio

Consolidated Schedule of Investments as of September 30, 2023 (Unaudited)

Restricted Securities	Acquisition Date		Shares/ Principal Amount		Cost		Value
Pacific Life Insurance Co., 4.300%, 10/24/67		10/17/17-06/24/19		97,000	$	95,466	$	68,094
Sberbank of Russia PJSC		06/15/17		2,160		5,440		0
							$	68,094

Forward Foreign Currency Exchange Contracts

Contracts to Buy		Counterparty	Settlement Date		In Exchange for			Unrealized Appreciation/ (Depreciation)
CHF	1,313,629	RBC		10/30/23		USD	1,501,759	$	(62,536	)
CHF	22,221	SSBT		10/30/23		USD	25,253		(907	)
CHF	7,303,320	SSBT		10/30/23		USD	8,295,040		(293,462	)
EUR	1,332,877	CBNA		10/30/23		USD	1,415,254		(4,507	)
EUR	3,926,546	CBNA		10/30/23		USD	4,333,482		(177,536	)
EUR	6,444,486	CBNA		10/30/23		USD	6,912,600		(91,607	)
EUR	8,037,579	CBNA		10/30/23		USD	8,745,331		(238,172	)
EUR	2,053,578	RBC		10/30/23		USD	2,257,867		(84,311	)
EUR	8,802,000	RBC		10/30/23		USD	9,843,989		(527,749	)
EUR	921,892	SSBT		10/30/23		USD	999,037		(23,285	)
EUR	1,560,599	SSBT		10/30/23		USD	1,701,252		(49,478	)
Contracts to Deliver
AUD	3,549,222	SSBT		10/30/23		USD	2,409,181		125,179
CHF	8,639,170	SSBT		10/30/23		USD	10,117,780		652,633
EUR	1,423,748	CBNA		10/30/23		USD	1,554,938		48,010
EUR	1,821,853	RBC		10/30/23		USD	2,030,075		101,783
EUR	1,583,611	RBC		10/30/23		USD	1,752,777		76,646
EUR	126,243,733	SSBT		10/30/23		USD	140,386,982		6,767,697
EUR	2,060,929	SSBT		10/30/23		USD	2,286,948		105,614
JPY	836,434,644	CBNA		10/30/23		USD	6,049,158		427,877
Net Unrealized Appreciation								$	6,751,889

Futures Contracts

Futures Contracts—Long	Expiration Date		Number of Contracts			Notional Value				Value/ Unrealized Appreciation/ (Depreciation)
Australian 10 Year Treasury Bond Futures		12/15/23		995			AUD	111,412,916		$	(2,218,525	)
MSCI EAFE Index Mini Futures		12/15/23		1,161			USD	118,509,075			(4,042,683	)
S&P 500 Index E-Mini Futures		12/15/23		122			USD	26,385,550			(1,132,994	)
TOPIX Index Futures		12/07/23		180			JPY	4,182,300,000			(290,632	)
U.S. Treasury Long Bond Futures		12/19/23		268			USD	30,493,375			(1,771,883	)
U.S. Treasury Note 10 Year Futures		12/19/23		1,110			USD	119,949,375			(1,265,475	)
United Kingdom Long Gilt Bond Futures		12/27/23		265			GBP	24,952,400			(108,932	)
Futures Contracts—Short
Euro STOXX 50 Index Futures		12/15/23		(715	)		EUR	(30,058,600	)		460,326
FTSE 100 Index Futures		12/15/23		(3	)		GBP	(230,130	)		(2,822	)
Russell 2000 Index E-Mini Futures		12/15/23		(396	)		USD	(35,612,280	)		1,458,126
U.S. Treasury Note 10 Year Futures		12/19/23		(246	)		USD	(26,583,375	)		139,920
U.S. Treasury Note 2 Year Futures		12/29/23		(998	)		USD	(202,305,516	)		606,653
Net Unrealized Depreciation										$	(8,168,921	)

BHFTI-202

Brighthouse Funds Trust I

JPMorgan Global Active Allocation Portfolio

Consolidated Schedule of Investments as of September 30, 2023 (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		3.282	%		Annually		04/19/33		USD	87,000,000	$	(6,708,083	)	$	(39,698	)	$	(6,668,385	)
Pay	12M SOFR		Annually		3.441	%		Annually		05/26/33		USD	97,600,000		(6,373,514	)		(4,400	)		(6,369,114	)
Pay	12M SOFR		Annually		3.619	%		Annually		07/07/33		USD	113,000,000		(5,854,247	)		11,879			(5,866,126	)
Pay	12M SOFR		Annually		3.963	%		Annually		09/15/33		USD	49,900,000		(1,239,571	)		137			(1,239,708	)
Pay	12M SOFR		Annually		4.076	%		Annually		08/23/33		USD	95,500,000		(1,508,289	)		9,419			(1,517,708	)
Totals														$	(21,683,704	)	$	(22,663	)	$	(21,661,041	)

Glossary of Abbreviations

Counterparties

(CBNA)—	Citibank N.A.
(RBC)—	Royal Bank of Canada
(SSBT)—	State Street Bank and Trust

Currencies

(AUD)—	Australian Dollar
(CHF)—	Swiss Franc
(EUR)—	Euro
(GBP)—	British Pound
(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
(SOFR30A)—	Secured Overnight Financing Rate 30-Day Average
(TSFR)—	Term Secured Overnight Financing Rate

Other Abbreviations

(ACES)—	Alternative Credit Enhancement Securities
(ADR)—	American Depositary Receipt
(DAC)—	Designated Activity Company
(ETF)—	Exchange-Traded Fund
(GDR)—	Global Depositary Receipt
(REIT)—	Real Estate Investment Trust
(REMIC)—	Real Estate Mortgage Investment Conduit

BHFTI-203

Brighthouse Funds Trust I

JPMorgan Global Active Allocation Portfolio

Consolidated Schedule of Investments as of September 30, 2023 (Unaudited)

Fair Value Hierarchy

Accounting principles generally accepted in the United States of America (“GAAP”) define fair market value as the price that the Portfolio would receive to sell an asset or pay to transfer a liability in an orderly transaction between market participants at the measurement date. It establishes a fair value hierarchy that prioritizes inputs to valuation methods and requires disclosure of the fair value hierarchy, separately for each major category of assets and liabilities, that segregates fair value measurements into three levels. Levels 1, 2 and 3 of the fair value hierarchy are defined as follows:

Level 1 - unadjusted quoted prices in active markets for identical investments

Level 2 - other significant observable inputs (including, but not limited to, quoted prices for similar assets or liabilities in markets that are either active or inactive; inputs other than quoted prices that are observable such as interest rates, yield curves, volatilities, prepayment speeds, loss severities, credit risks, default rates, or other market corroborated inputs)

Level 3 - significant unobservable inputs based on the best information available in the circumstances, to the extent observable inputs are unavailable (including the Portfolio’s own assumptions used in determining the fair value of investments and derivative financial instruments)

The inputs or methodologies used for valuing investments are not necessarily an indication of the risk associated with investing in them. Changes to the inputs or methodologies used may result in transfers between levels. A reconciliation of Level 3 securities, if any, will be disclosed following the fair value hierarchy table. For more information about the Portfolio’s policy regarding the valuation of investments, please refer to the Notes to Schedule of Investments.

The following table summarizes the fair value hierarchy of the Portfolio’s investments as of September 30, 2023:

Description	Level 1		Level 2		Level 3		Total
Common Stocks
Aerospace & Defense	$	1,487,857	$	7,179,712	$	—	$	8,667,569
Air Freight & Logistics		669,235		1,388,288		—		2,057,523
Automobile Components		—		1,523,953		—		1,523,953
Automobiles		2,935,331		1,560,379		—		4,495,710
Banks		18,959,723		25,401,266		0		44,360,989
Beverages		9,545,535		6,998,492		—		16,544,027
Biotechnology		12,475,986		641,231		—		13,117,217
Broadline Retail		17,281,879		1,772,117		—		19,053,996
Building Products		2,015,874		1,725,738		—		3,741,612
Capital Markets		18,709,747		7,483,326		—		26,193,073
Chemicals		2,316,040		6,852,953		—		9,168,993
Commercial Services & Supplies		928,934		—		—		928,934
Communications Equipment		788,837		—		—		788,837
Construction & Engineering		1,479,925		5,241,522		—		6,721,447
Construction Materials		1,151,844		—		—		1,151,844
Consumer Finance		2,026,761		—		—		2,026,761
Consumer Staples Distribution & Retail		2,288,801		3,156,737		—		5,445,538
Containers & Packaging		1,362,422		—		—		1,362,422
Distributors		329,749		—		—		329,749
Diversified Telecommunication Services		339,430		2,439,557		—		2,778,987
Electric Utilities		4,722,341		3,310,445		—		8,032,786
Electrical Equipment		2,892,935		2,590,582		—		5,483,517
Electronic Equipment, Instruments & Components		1,326,585		4,833,311		—		6,159,896
Energy Equipment & Services		1,569,833		—		—		1,569,833
Entertainment		1,837,179		1,585,467		—		3,422,646
Financial Services		12,064,344		—		—		12,064,344
Food Products		1,093,247		6,070,891		—		7,164,138
Ground Transportation		7,533,424		—		—		7,533,424
Health Care Equipment & Supplies		3,244,920		4,894,839		—		8,139,759
Health Care Providers & Services		14,689,028		—		—		14,689,028
Health Care REITs		246,006		—		—		246,006
Hotel & Resort REITs		288,561		—		—		288,561
Hotels, Restaurants & Leisure		15,814,097		2,593,595		—		18,407,692
Household Durables		1,193,594		3,376,792		—		4,570,386
Household Products		1,091,878		118,023		—		1,209,901
Independent Power and Renewable Electricity Producers		—		3,839,845		—		3,839,845
Industrial Conglomerates		448,918		854,663		—		1,303,581
Industrial REITs		4,631,434		—		—		4,631,434
Insurance		9,895,605		20,517,220		—		30,412,825
Interactive Media & Services		15,708,679		4,017,369		—		19,726,048
IT Services		5,417,465		4,404,030		—		9,821,495

BHFTI-204

Brighthouse Funds Trust I

JPMorgan Global Active Allocation Portfolio

Consolidated Schedule of Investments as of September 30, 2023 (Unaudited)

Fair Value Hierarchy—(Continued)

Description	Level 1		Level 2			Level 3		Total
Leisure Products	$	—	$	1,215,250		$	—	$	1,215,250
Life Sciences Tools & Services		1,084,092		942,649			—		2,026,741
Machinery		5,604,076		9,429,865			—		15,033,941
Media		3,049,081		—			—		3,049,081
Metals & Mining		303,317		3,523,721			—		3,827,038
Multi-Utilities		2,303,041		1,726,910			—		4,029,951
Oil, Gas & Consumable Fuels		13,757,246		16,441,134			—		30,198,380
Personal Care Products		440,776		1,737,058			—		2,177,834
Pharmaceuticals		8,420,433		19,253,062			—		27,673,495
Professional Services		—		5,646,147			—		5,646,147
Real Estate Management & Development		519,679		—			—		519,679
Residential REITs		1,038,335		—			—		1,038,335
Retail REITs		1,517,633		—			—		1,517,633
Semiconductors & Semiconductor Equipment		33,105,630		10,513,785			—		43,619,415
Software		32,628,479		—			—		32,628,479
Specialized REITs		2,264,442		—			—		2,264,442
Specialty Retail		9,193,530		1,895,654			—		11,089,184
Technology Hardware, Storage & Peripherals		16,934,595		—			—		16,934,595
Textiles, Apparel & Luxury Goods		1,383,559		8,765,437			—		10,148,996
Tobacco		603,344		1,648,455			—		2,251,799
Trading Companies & Distributors		305,506		1,297,647			—		1,603,153
Wireless Telecommunication Services		305,309		—			—		305,309
Total Common Stocks		337,566,086		220,409,117			0		557,975,203
Total Convertible Bonds*		—		252,577,400			—		252,577,400
U.S. Treasury & Government Agencies
Agency Sponsored Mortgage - Backed		—		89,203,630			789,500		89,993,130
U.S. Treasury		—		81,189,661			—		81,189,661
Total U.S. Treasury & Government Agencies		—		170,393,291			789,500		171,182,791
Total Corporate Bonds & Notes*		—		79,977,496			—		79,977,496
Total Mutual Funds*		57,273,553		—			—		57,273,553
Asset-Backed Securities
Asset-Backed - Automobile		—		11,983,605			—		11,983,605
Asset-Backed - Credit Card		—		555,254			—		555,254
Asset-Backed - Other		—		23,417,772			456,175		23,873,947
Total Asset-Backed Securities		—		35,956,631			456,175		36,412,806
Total Convertible Preferred Stocks*		12,272,612		—			—		12,272,612
Total Mortgage-Backed Securities*		—		6,451,573			—		6,451,573
Total Preferred Stock*		5,173,252		—			—		5,173,252
Total Municipals*		—		147,994			—		147,994
Short-Term Investments
Mutual Funds		26,405		—			—		26,405
Repurchase Agreement		—		167,986,222			—		167,986,222
U.S. Treasury		—		26,317,582			—		26,317,582
Total Short-Term Investments		26,405		194,303,804			—		194,330,209
Securities Lending Reinvestments
Certificates of Deposit		—		15,499,968			—		15,499,968
Commercial Paper		—		6,000,979			—		6,000,979
Repurchase Agreements		—		7,307,441			—		7,307,441
Mutual Funds		1,000,000		—			—		1,000,000
Total Securities Lending Reinvestments		1,000,000		28,808,388			—		29,808,388
Total Investments	$	413,311,908	$	989,025,694		$	1,245,675	$	1,403,583,277
Collateral for Securities Loaned (Liability)	$	—	$	(29,800,324	)	$	—	$	(29,800,324	)

BHFTI-205

Brighthouse Funds Trust I

JPMorgan Global Active Allocation Portfolio

Consolidated Schedule of Investments as of September 30, 2023 (Unaudited)

Fair Value Hierarchy—(Continued)

Description	Level 1			Level 2			Level 3		Total
Forward Contracts
Forward Foreign Currency Exchange Contracts (Unrealized Appreciation)	$	—		$	8,305,439		$	—	$	8,305,439
Forward Foreign Currency Exchange Contracts (Unrealized Depreciation)		—			(1,553,550	)		—		(1,553,550	)
Total Forward Contracts	$	—		$	6,751,889		$	—	$	6,751,889
Futures Contracts
Futures Contracts (Unrealized Appreciation)	$	2,665,025		$	—		$	—	$	2,665,025
Futures Contracts (Unrealized Depreciation)		(10,833,946	)		—			—		(10,833,946	)
Total Futures Contracts	$	(8,168,921	)	$	—		$	—	$	(8,168,921	)
Centrally Cleared Swap Contracts
Centrally Cleared Swap Contracts (Unrealized Depreciation)	$	—		$	(21,661,041	)	$	—	$	(21,661,041	)

* See Consolidated Schedule of Investments for additional detailed categorizations.

Level 3 investments at the beginning and/or end of the period in relation to net assets were not significant and accordingly, a reconciliation of Level 3 assets for the period ended September 30, 2023 is not presented.

BHFTI-206

Brighthouse Funds Trust I

JPMorgan Small Cap Value Portfolio

Schedule of Investments as of September 30, 2023 (Unaudited)

Common Stocks—97.4% of Net Assets

Security Description	Shares		Value
Aerospace & Defense—0.3%
Archer Aviation, Inc. - Class A (a)(b)		58,666	$	296,850
V2X, Inc. (a)		16,430		848,774
				1,145,624
Air Freight & Logistics—0.7%
Hub Group, Inc. - Class A (a)		26,266		2,062,931
Radiant Logistics, Inc. (a)		63,398		358,199
				2,421,130
Automobile Components—0.7%
Adient PLC (a)		57,100		2,095,570
Dana, Inc.		29,731		436,154
				2,531,724
Banks—14.3%
Ameris Bancorp		46,291		1,777,112
Axos Financial, Inc. (a)		18,987		718,848
Banc of California, Inc.		52,811		653,800
Bancorp, Inc. (a)		13,323		459,644
Bank of NT Butterfield & Son Ltd.		61,443		1,663,876
Banner Corp.		23,544		997,795
Brookline Bancorp, Inc.		44,438		404,830
Business First Bancshares, Inc.		21,361		400,732
Byline Bancorp, Inc.		58,815		1,159,244
Capital City Bank Group, Inc.		32,390		966,194
Capstar Financial Holdings, Inc.		12,286		174,338
Central Pacific Financial Corp.		20,513		342,157
Columbia Banking System, Inc.		17,357		352,347
Community Trust Bancorp, Inc.		6,439		220,600
ConnectOne Bancorp, Inc.		108,411		1,932,968
Customers Bancorp, Inc. (a)		88,800		3,059,160
CVB Financial Corp.		75,961		1,258,674
Eastern Bankshares, Inc.		103,589		1,299,006
Enterprise Financial Services Corp.		34,797		1,304,888
Financial Institutions, Inc.		9,163		154,213
First BanCorp/Puerto Rico		247,647		3,333,329
First Bancshares, Inc.		9,575		258,238
First Citizens BancShares, Inc. - Class A		1,283		1,770,668
First Commonwealth Financial Corp.		18,684		228,132
First Financial Corp.		19,157		647,698
First Merchants Corp.		29,066		808,616
FNB Corp.		15,419		166,371
Hancock Whitney Corp.		16,159		597,721
Heritage Commerce Corp.		52,569		445,259
Home BancShares, Inc.		14,812		310,163
HomeTrust Bancshares, Inc.		16,167		350,339
Independent Bank Corp./MI		7,280		133,515
Mercantile Bank Corp.		2,492		77,028
Mid Penn Bancorp, Inc.		4,512		90,827
Midland States Bancorp, Inc.		7,492		153,886
MVB Financial Corp.		3,322		75,011
National Bank Holdings Corp. - Class A		10,821		322,033
OceanFirst Financial Corp.		150,303		2,174,884
OFG Bancorp		132,077		3,943,819
Old National Bancorp		151,762		2,206,619
Old Second Bancorp, Inc.		88,252		1,201,110
Banks—(Continued)
Orrstown Financial Services, Inc.		5,592	$	117,488
Pathward Financial, Inc.		42,831		1,974,081
Peapack-Gladstone Financial Corp.		24,886		638,326
Peoples Bancorp, Inc.		2,326		59,034
Pinnacle Financial Partners, Inc.		7,308		489,928
Popular, Inc.		14,534		915,787
Preferred Bank		1,828		113,793
Premier Financial Corp.		22,172		378,254
QCR Holdings, Inc.		23,193		1,125,324
Seacoast Banking Corp. of Florida		9,253		203,196
Sierra Bancorp		6,671		126,482
SmartFinancial, Inc.		4,363		93,237
South Plains Financial, Inc.		2,713		71,732
Southside Bancshares, Inc. (b)		10,287		295,237
SouthState Corp.		23,490		1,582,286
Towne Bank		13,063		299,535
TriCo Bancshares		17,504		560,653
Univest Financial Corp.		9,313		161,860
Veritex Holdings, Inc.		52,141		935,931
Washington Federal, Inc.		32,406		830,242
Wintrust Financial Corp.		24,105		1,819,928
				51,388,026
Beverages—0.2%
Primo Water Corp.		59,019		814,462
Biotechnology—4.9%
2seventy bio, Inc. (a)		57,276		224,522
Agios Pharmaceuticals, Inc. (a)(b)		26,935		666,641
Akero Therapeutics, Inc. (a)		15,970		807,763
Allogene Therapeutics, Inc. (a)(b)		109,954		348,554
Allovir, Inc. (a)(b)		96,616		207,724
Arcellx, Inc. (a)		26,675		957,099
Avidity Biosciences, Inc. (a)		58,852		375,476
BioCryst Pharmaceuticals, Inc. (a)		47,420		335,734
Biohaven Ltd. (a)		1,522		39,587
Bluebird Bio, Inc. (a)		129,434		393,479
Cytokinetics, Inc. (a)(b)		19,461		573,321
EQRx, Inc. (a)		173,846		385,938
Fate Therapeutics, Inc. (a)		159,068		337,224
Generation Bio Co. (a)		161,100		610,569
Geron Corp. (a)		169,753		359,876
Iovance Biotherapeutics, Inc. (a)		110,812		504,195
Kezar Life Sciences, Inc. (a)(b)		128,150		152,499
Kymera Therapeutics, Inc. (a)		58,576		814,206
Lexicon Pharmaceuticals, Inc. (a)(b)		386,070		420,816
MacroGenics, Inc. (a)		143,895		670,551
MoonLake Immunotherapeutics (a)(b)		38,894		2,216,958
Prothena Corp. PLC (a)		21,794		1,051,561
Recursion Pharmaceuticals, Inc. - Class A (a)(b)		43,912		335,927
Relay Therapeutics, Inc. (a)		91,002		765,327
SpringWorks Therapeutics, Inc. (a)(b)		39,254		907,552
Syndax Pharmaceuticals, Inc. (a)		48,539		704,786
Twist Bioscience Corp. (a)		59,995		1,215,499
Veracyte, Inc. (a)		21,969		490,568
Verve Therapeutics, Inc. (a)(b)		63,300		839,358
				17,713,310

BHFTI-207

Brighthouse Funds Trust I

JPMorgan Small Cap Value Portfolio

Schedule of Investments as of September 30, 2023 (Unaudited)

Common Stocks—(Continued)

Security Description	Shares		Value
Building Products—1.0%
Gibraltar Industries, Inc. (a)		12,318	$	831,588
Resideo Technologies, Inc. (a)		26,796		423,377
UFP Industries, Inc.		24,782		2,537,677
				3,792,642
Capital Markets—1.3%
AssetMark Financial Holdings, Inc. (a)		12,568		315,205
Piper Sandler Cos.		3,303		479,959
Stifel Financial Corp.		3,068		188,498
StoneX Group, Inc. (a)		10,366		1,004,673
Victory Capital Holdings, Inc. - Class A		50,952		1,698,740
Virtus Investment Partners, Inc.		4,909		991,569
				4,678,644
Chemicals—1.1%
AdvanSix, Inc.		23,413		727,676
Avient Corp.		14,534		513,341
Ecovyst, Inc. (a)		15,280		150,355
HB Fuller Co. (b)		8,028		550,801
Minerals Technologies, Inc.		9,301		509,323
Sensient Technologies Corp.		8,395		490,940
Tronox Holdings PLC		69,483		933,851
				3,876,287
Commercial Services & Supplies—0.9%
ABM Industries, Inc.		55,191		2,208,192
ACCO Brands Corp.		30,217		173,445
Heritage-Crystal Clean, Inc. (a)		22,976		1,041,962
				3,423,599
Communications Equipment—0.3%
Aviat Networks, Inc. (a)		9,329		291,065
NETGEAR, Inc. (a)		61,381		772,787
				1,063,852
Construction & Engineering—1.7%
API Group Corp. (a)		44,303		1,148,777
Argan, Inc.		20,299		924,010
Comfort Systems USA, Inc.		7,253		1,235,984
MasTec, Inc. (a)		4,916		353,804
MYR Group, Inc. (a)		12,734		1,716,034
Primoris Services Corp.		23,060		754,754
				6,133,363
Construction Materials—0.1%
Summit Materials, Inc. - Class A (a)		11,720		364,961
Consumer Finance—2.4%
Encore Capital Group, Inc. (a)(b)		27,461		1,311,537
Enova International, Inc. (a)		63,788		3,244,896
FirstCash Holdings, Inc.		13,089		1,313,874
Navient Corp.		15,471		266,411
Nelnet, Inc. - Class A		6,472		578,079
Consumer Finance—(Continued)
PROG Holdings, Inc. (a)		53,055	$	1,761,956
				8,476,753
Consumer Staples Distribution & Retail—1.0%
Andersons, Inc.		23,392		1,204,922
BJ’s Wholesale Club Holdings, Inc. (a)		8,917		636,406
Sprouts Farmers Market, Inc. (a)(b)		33,578		1,437,139
United Natural Foods, Inc. (a)		28,107		397,433
				3,675,900
Containers & Packaging—0.3%
Greif, Inc. - Class A		10,270		686,139
Myers Industries, Inc.		4,706		84,379
O-I Glass, Inc. (a)		19,654		328,811
				1,099,329
Diversified Consumer Services—0.5%
Laureate Education, Inc.		70,263		990,708
Stride, Inc. (a)		16,527		744,211
				1,734,919
Diversified REITs—0.8%
Alexander & Baldwin, Inc. (a)		13,332		223,044
American Assets Trust, Inc.		10,104		196,523
Armada Hoffler Properties, Inc.		21,426		219,402
Broadstone Net Lease, Inc.		99,767		1,426,668
Essential Properties Realty Trust, Inc. (b)		40,011		865,438
				2,931,075
Diversified Telecommunication Services—0.6%
ATN International, Inc.		4,288		135,329
EchoStar Corp. - Class A (a)		37,494		628,024
Liberty Latin America Ltd. - Class A (a)		25,385		207,142
Liberty Latin America Ltd. - Class C (a)		152,622		1,245,396
				2,215,891
Electric Utilities—1.3%
IDACORP, Inc.		14,463		1,354,460
MGE Energy, Inc.		17,156		1,175,357
Portland General Electric Co.		49,641		2,009,468
				4,539,285
Electrical Equipment—1.3%
Encore Wire Corp. (b)		20,163		3,678,941
Powell Industries, Inc.		10,570		876,253
				4,555,194
Electronic Equipment, Instruments & Components—1.8%
Belden, Inc.		4,819		465,275
Benchmark Electronics, Inc.		39,247		952,132
Knowles Corp. (a)		186,430		2,761,028
OSI Systems, Inc. (a)		13,417		1,583,743
ScanSource, Inc. (a)		25,787		781,604
				6,543,782

BHFTI-208

Brighthouse Funds Trust I

JPMorgan Small Cap Value Portfolio

Schedule of Investments as of September 30, 2023 (Unaudited)

Common Stocks—(Continued)

Security Description	Shares		Value
Energy Equipment & Services—1.8%
ChampionX Corp.		12,510	$	445,606
Helmerich & Payne, Inc.		23,014		970,270
Liberty Energy, Inc.		83,887		1,553,587
Noble Corp. PLC (a)(b)		22,039		1,116,276
Oil States International, Inc. (a)		69,322		580,225
Patterson-UTI Energy, Inc. (b)		73,982		1,023,911
Select Water Solutions, Inc.		91,677		728,832
				6,418,707
Financial Services—5.1%
Essent Group Ltd.		70,967		3,356,029
Federal Agricultural Mortgage Corp. - Class C		2,200		339,460
Jackson Financial, Inc. - Class A		43,330		1,656,073
Merchants Bancorp		59,842		1,658,820
Mr. Cooper Group, Inc. (a)		67,770		3,629,761
NMI Holdings, Inc. - Class A (a)		51,795		1,403,127
PennyMac Financial Services, Inc. (b)		14,223		947,252
Radian Group, Inc. (b)		81,521		2,046,992
Repay Holdings Corp. (a)		224,159		1,701,367
StoneCo Ltd. - Class A (a)		153,612		1,639,040
Waterstone Financial, Inc.		897		9,822
				18,387,743
Food Products—1.2%
Darling Ingredients, Inc. (a)		16,747		874,193
Hostess Brands, Inc. (a)		69,880		2,327,703
John B Sanfilippo & Son, Inc.		9,647		953,124
				4,155,020
Gas Utilities—1.2%
Chesapeake Utilities Corp.		7,474		730,584
New Jersey Resources Corp.		17,465		709,603
Northwest Natural Holding Co.		21,870		834,559
ONE Gas, Inc.		16,273		1,111,121
Southwest Gas Holdings, Inc. (a)		1,301		78,593
Spire, Inc. (b)		18,326		1,036,885
				4,501,345
Ground Transportation—0.6%
ArcBest Corp.		22,727		2,310,199
Health Care Equipment & Supplies—1.4%
Alphatec Holdings, Inc. (a)(b)		100,999		1,309,957
Inari Medical, Inc. (a)		21,105		1,380,267
RxSight, Inc. (a)		69,344		1,934,004
Sight Sciences, Inc. (a)		147,503		497,085
				5,121,313
Health Care Providers & Services—0.8%
AdaptHealth Corp. (a)		80,667		734,070
Fulgent Genetics, Inc. (a)		18,172		485,919
ModivCare, Inc. (a)		14,214		447,883
NeoGenomics, Inc. (a)		70,951		872,698
Surgery Partners, Inc. (a)(b)		13,781		403,094
				2,943,664
Health Care REITs—1.0%
CareTrust REIT, Inc.		27,653	$	566,887
Community Healthcare Trust, Inc.		12,312		365,667
Global Medical REIT, Inc.		16,056		144,022
Physicians Realty Trust (b)		124,827		1,521,641
Sabra Health Care REIT, Inc.		70,645		984,791
				3,583,008
Health Care Technology—1.0%
Evolent Health, Inc. - Class A (a)		49,256		1,341,241
Health Catalyst, Inc. (a)		127,825		1,293,589
Phreesia, Inc. (a)		22,976		429,192
Veradigm, Inc. (a)		30,146		396,118
				3,460,140
Hotel & Resort REITs—1.7%
Apple Hospitality REIT, Inc.		144,774		2,220,833
DiamondRock Hospitality Co.		61,744		495,804
RLJ Lodging Trust		113,928		1,115,355
Ryman Hospitality Properties, Inc.		22,729		1,892,871
Xenia Hotels & Resorts, Inc.		19,557		230,382
				5,955,245
Hotels, Restaurants & Leisure—2.3%
Bloomin’ Brands, Inc. (b)		33,578		825,683
Bluegreen Vacations Holding Corp.		34,824		1,277,344
Dine Brands Global, Inc.		16,139		798,074
Full House Resorts, Inc. (a)		69,676		297,517
International Game Technology PLC		22,483		681,685
Light & Wonder, Inc. (a)		31,267		2,230,275
Marriott Vacations Worldwide Corp.		5,813		584,962
SeaWorld Entertainment, Inc. (a)		31,478		1,455,857
				8,151,397
Household Durables—3.2%
GoPro, Inc. - Class A (a)		231,314		726,326
M/I Homes, Inc. (a)		36,453		3,063,510
Meritage Homes Corp.		28,032		3,430,836
Taylor Morrison Home Corp. (a)		63,223		2,693,932
Tri Pointe Homes, Inc. (a)		56,505		1,545,412
				11,460,016
Household Products—0.7%
Central Garden & Pet Co. (Non-Voting Shares) - Class A (a)		63,448		2,543,630
Independent Power and Renewable Electricity Producers—0.3%
Clearway Energy, Inc. - Class A		26,939		536,625
Clearway Energy, Inc. - Class C		33,773		714,637
				1,251,262
Industrial REITs—1.5%
First Industrial Realty Trust, Inc.		7,890		375,485

BHFTI-209

Brighthouse Funds Trust I

JPMorgan Small Cap Value Portfolio

Schedule of Investments as of September 30, 2023 (Unaudited)

Common Stocks—(Continued)

Security Description	Shares		Value
Industrial REITs—(Continued)
Innovative Industrial Properties, Inc.		5,837	$	441,627
LXP Industrial Trust		87,475		778,528
Plymouth Industrial REIT, Inc.		34,429		721,288
STAG Industrial, Inc.		52,820		1,822,818
Terreno Realty Corp.		21,264		1,207,795
				5,347,541
Insurance—1.1%
American Equity Investment Life Holding Co.		24,041		1,289,559
CNO Financial Group, Inc.		17,218		408,583
Employers Holdings, Inc.		7,992		319,280
James River Group Holdings Ltd.		26,454		406,069
RLI Corp.		8,498		1,154,793
Skyward Specialty Insurance Group, Inc. (a)(b)		11,971		327,527
				3,905,811
Interactive Media & Services—0.2%
Cars.com, Inc. (a)		16,997		286,570
QuinStreet, Inc. (a)		37,620		337,451
				624,021
IT Services—0.4%
Information Services Group, Inc.		217,254		951,572
Unisys Corp. (a)		190,319		656,601
				1,608,173
Leisure Products—0.3%
Topgolf Callaway Brands Corp. (a)(b)		91,379		1,264,685
Life Sciences Tools & Services—0.2%
Pacific Biosciences of California, Inc. (a)(b)		71,919		600,524
Machinery—1.5%
3D Systems Corp. (a)		62,108		304,950
AGCO Corp.		12,568		1,486,543
Albany International Corp. - Class A		2,353		203,017
EnPro Industries, Inc.		3,183		385,748
Luxfer Holdings PLC		7,447		97,183
Mueller Industries, Inc. (b)		27,497		2,066,675
Terex Corp.		16,250		936,325
				5,480,441
Marine Transportation—0.5%
Matson, Inc.		19,046		1,689,761
Safe Bulkers, Inc.		54,230		175,705
				1,865,466
Media—0.8%
AMC Networks, Inc. - Class A (a)		32,831		386,749
Entravision Communications Corp. - Class A		146,599		535,086
Gray Television, Inc.		117,388		812,325
John Wiley & Sons, Inc. - Class A		5,146		191,277
Magnite, Inc. (a)(b)		70,702		533,093
Thryv Holdings, Inc. (a)		24,084		452,057
				2,910,587
Metals & Mining—2.3%
Alpha Metallurgical Resources, Inc.		6,918		1,796,812
Arch Resources, Inc.		5,505		939,483
Commercial Metals Co.		63,515		3,138,276
Constellium SE (a)		39,792		724,215
Olympic Steel, Inc.		3,516		197,634
Ryerson Holding Corp.		20,402		593,494
Schnitzer Steel Industries, Inc. - Class A		16,582		461,809
SunCoke Energy, Inc.		32,964		334,585
Warrior Met Coal, Inc.		4,900		250,292
				8,436,600
Mortgage Real Estate Investment Trusts—1.8%
Blackstone Mortgage Trust, Inc. - Class A (b)		26,476		575,853
BrightSpire Capital, Inc.		37,500		234,750
Dynex Capital, Inc. (b)		46,661		557,132
Ellington Financial, Inc. (b)		7,011		87,427
Hannon Armstrong Sustainable Infrastructure Capital, Inc. (b)		7,222		153,107
KKR Real Estate Finance Trust, Inc.		31,122		369,418
Ladder Capital Corp.		87,250		895,185
MFA Financial, Inc.		237,994		2,287,123
PennyMac Mortgage Investment Trust (b)		84,190		1,043,956
Ready Capital Corp. (b)		21,703		219,417
				6,423,368
Multi-Utilities—0.6%
Black Hills Corp.		2,377		120,252
NorthWestern Corp.		18,326		880,748
Unitil Corp.		28,835		1,231,543
				2,232,543
Office REITs—1.1%
Brandywine Realty Trust		127,546		579,059
Corporate Office Properties Trust (b)		71,947		1,714,497
Equity Commonwealth		23,829		437,739
Piedmont Office Realty Trust, Inc. - Class A		88,042		494,796
SL Green Realty Corp. (b)		16,400		611,720
				3,837,811
Oil, Gas & Consumable Fuels—7.0%
Berry Corp.		8,083		66,281
California Resources Corp.		38,318		2,146,191
Chord Energy Corp.		13,907		2,253,908
Civitas Resources, Inc.		10,998		889,408
CNX Resources Corp. (a)(b)		50,447		1,139,093
CONSOL Energy, Inc.		3,800		398,658
CVR Energy, Inc. (b)		29,497		1,003,783
Delek U.S. Holdings, Inc.		4,324		122,845
Dorian LPG Ltd.		45,870		1,317,845
Green Plains, Inc. (a)		21,493		646,939
Gulfport Energy Corp. (a)		9,539		1,131,898
International Seaways, Inc.		24,942		1,122,390
Magnolia Oil & Gas Corp. - Class A (b)		7,900		180,989
Matador Resources Co.		37,040		2,203,139
Murphy Oil Corp.		53,898		2,444,274
Ovintiv, Inc.		26,526		1,261,842
Par Pacific Holdings, Inc. (a)		8,997		323,352

BHFTI-210

Brighthouse Funds Trust I

JPMorgan Small Cap Value Portfolio

Schedule of Investments as of September 30, 2023 (Unaudited)

Common Stocks—(Continued)

Security Description	Shares		Value
Oil, Gas & Consumable Fuels—(Continued)
PBF Energy, Inc. - Class A		18,042	$	965,788
Peabody Energy Corp. (b)		36,427		946,738
REX American Resources Corp. (a)		5,260		214,187
SM Energy Co.		74,915		2,970,380
Teekay Tankers Ltd. - Class A		17,105		712,081
World Kinect Corp.		28,320		635,218
				25,097,227
Paper & Forest Products—0.0%
Louisiana-Pacific Corp.		3,211		177,472
Passenger Airlines—0.8%
Hawaiian Holdings, Inc. (a)(b)		91,461		578,948
Joby Aviation, Inc. (a)(b)		56,300		363,135
SkyWest, Inc. (a)		47,345		1,985,649
				2,927,732
Personal Care Products—0.6%
BellRing Brands, Inc. (a)		8,080		333,138
Edgewell Personal Care Co.		24,077		889,886
Herbalife Ltd. (a)(b)		69,629		974,110
				2,197,134
Pharmaceuticals—0.4%
ANI Pharmaceuticals, Inc. (a)		8,734		507,096
Intra-Cellular Therapies, Inc. (a)		14,312		745,512
NGM Biopharmaceuticals, Inc. (a)		51,904		55,537
				1,308,145
Professional Services—0.3%
Heidrick & Struggles International, Inc.		19,622		490,942
KBR, Inc.		9,023		531,816
				1,022,758
Real Estate Management & Development—0.7%
Forestar Group, Inc. (a)		93,340		2,514,580
Residential REITs—0.3%
Independence Realty Trust, Inc.		26,282		369,788
UMH Properties, Inc.		26,876		376,801
Veris Residential, Inc.		24,600		405,900
				1,152,489
Retail REITs—2.5%
Agree Realty Corp.		54,856		3,030,245
Kite Realty Group Trust		94,155		2,016,800
Phillips Edison & Co., Inc.		14,589		489,315
Regency Centers Corp.		2,776		165,005
Retail Opportunity Investments Corp.		158,354		1,960,423
RPT Realty		43,438		458,705
SITE Centers Corp.		85,096		1,049,234
				9,169,727
Semiconductors & Semiconductor Equipment—2.2%
ACM Research, Inc. - Class A (a)		99,131		1,794,767
Cohu, Inc. (a)		33,269		1,145,784
Photronics, Inc. (a)		85,330		1,724,519
Synaptics, Inc. (a)		25,671		2,296,014
Veeco Instruments, Inc. (a)(b)		28,615		804,368
				7,765,452
Software—2.0%
Adeia, Inc.		78,608		839,533
C3.ai, Inc. - Class A (a)(b)		6,598		168,381
E2open Parent Holdings, Inc. (a)		194,534		883,184
LiveRamp Holdings, Inc. (a)		96,584		2,785,483
Marathon Digital Holdings, Inc. (a)(b)		22,621		192,279
ON24, Inc.		87,809		555,831
Riot Platforms, Inc. (a)(b)		67,470		629,495
Verint Systems, Inc. (a)		31,292		719,403
Xperi, Inc. (a)		62,152		612,819
				7,386,408
Specialized REITs—0.4%
PotlatchDeltic Corp.		32,100		1,457,019
Specialty Retail—2.1%
Academy Sports & Outdoors, Inc.		16,133		762,607
Asbury Automotive Group, Inc. (a)		7,209		1,658,575
Group 1 Automotive, Inc.		8,477		2,277,855
ODP Corp. (a)		27,350		1,262,202
Sally Beauty Holdings, Inc. (a)		61,677		516,853
Signet Jewelers Ltd. (b)		14,666		1,053,165
				7,531,257
Technology Hardware, Storage & Peripherals—0.4%
Avid Technology, Inc. (a)		49,025		1,317,302
Textiles, Apparel & Luxury Goods—0.3%
G-III Apparel Group Ltd. (a)		44,431		1,107,220
Trading Companies & Distributors—4.8%
Beacon Roofing Supply, Inc. (a)		40,536		3,128,163
BlueLinx Holdings, Inc. (a)		10,950		898,885
Boise Cascade Co.		15,366		1,583,313
GATX Corp.		3,405		370,566
GMS, Inc. (a)		18,929		1,210,888
MRC Global, Inc. (a)		90,626		928,916
NOW, Inc. (a)		179,742		2,133,537
Rush Enterprises, Inc. - Class A		101,755		4,154,657
Titan Machinery, Inc. (a)		13,979		371,562
Veritiv Corp.		2,381		402,151
WESCO International, Inc. (b)		13,980		2,010,604
				17,193,242
Water Utilities—0.3%
American States Water Co.		11,682		919,140

BHFTI-211

Brighthouse Funds Trust I

JPMorgan Small Cap Value Portfolio

Schedule of Investments as of September 30, 2023 (Unaudited)

Common Stocks—(Continued)

Security Description	Shares/ Principal Amount*		Value
Wireless Telecommunication Services—0.2%
Gogo, Inc. (a)		50,712	$	604,994
Total Common Stocks (Cost $355,921,749)				350,749,310
Short-Term Investment—2.2%
Repurchase Agreement—2.2%
Fixed Income Clearing Corp. Repurchase Agreement dated 09/29/23 at 2.500%, due on 10/02/23 with a maturity value of $7,826,791; collateralized by U.S. Treasury Note at 0.750%, maturing 04/30/26, with a market value of $7,981,695.		7,825,160		7,825,160
Total Short-Term Investments (Cost $7,825,160)				7,825,160
Securities Lending Reinvestments (c)—2.2%
Repurchase Agreements—0.9%
Cantor Fitzgerald & Co. Repurchase Agreement dated 09/29/23 at 5.320%, due on 10/02/23 with a maturity value of $1,000,443; collateralized by U.S. Government Agency Obligations with rates ranging from 1.500% - 7.267%, maturity dates ranging from 02/01/24 - 08/20/71, and an aggregate market value of $1,020,000.		1,000,000		1,000,000
Citigroup Global Markets, Inc. Repurchase Agreement dated 09/29/23 at 5.470%, due on 10/06/23 with a maturity value of $100,106; collateralized by U.S. Treasury Obligations with rates ranging from 0.250% - 5.403%, maturity dates ranging from 01/31/24 - 10/31/25, and various Common Stock with an aggregate market value of $102,002.		100,000		100,000
ING Financial Markets LLC Repurchase Agreement dated 09/29/23 at 5.300%, due on 10/02/23 with a maturity value of $936,286; collateralized by U.S. Treasury Obligations with rates ranging from 0.000% - 4.500%, maturity dates ranging from 10/12/23 - 02/15/50, and an aggregate market value of $954,590.		935,873		935,873
National Bank of Canada Repurchase Agreement dated 09/29/23 at 5.320%, due on 10/06/23 with a maturity value of $200,207; collateralized by U.S. Treasury Obligations with rates ranging from 0.000% - 4.000%, maturity dates ranging from 10/12/23 - 02/15/32, and an aggregate market value of $204,956.		200,000		200,000
NBC Global Finance Ltd. Repurchase Agreement dated 09/29/23 at 5.460%, due on 10/02/23 with a maturity value of $1,000,455; collateralized by various Common Stock with an aggregate market value of $1,115,995.		1,000,000		1,000,000
Repurchase Agreements—(Continued)
Societe Generale Repurchase Agreement dated 09/29/23 at 5.420%, due on 10/02/23 with a maturity value of $65,674; collateralized by various Common Stock with an aggregate market value of $73,063.		65,644		65,644
TD Prime Services LLC Repurchase Agreement dated 09/29/23 at 5.420%, due on 10/02/23 with a maturity value of $150,068; collateralized by various Common Stock with an aggregate market value of $165,075.		150,000		150,000
				3,451,517
Mutual Funds—1.3%
Allspring Government Money Market Fund, Select Class 5.270% (d)		700,000		700,000
Fidelity Investments Money Market Government Portfolio, Class I 5.230% (d)		700,000		700,000
Goldman Sachs Financial Square Government Fund, Institutional Shares 5.240% (d)		700,000		700,000
HSBC U.S. Government Money Market Fund, Class I 5.270% (d)		100,000		100,000
RBC U.S. Government Money Market Fund, Institutional Shares 5.270% (d)		700,000		700,000
State Street Institutional U.S. Government Money Market Fund, Premier Class 5.290% (d)		700,000		700,000
Western Asset Institutional Government Reserves Fund, Institutional Class 5.250% (d)		1,000,000		1,000,000
				4,600,000
Total Securities Lending Reinvestments (Cost $8,051,517)				8,051,517
Total Investments—101.8% (Cost $371,798,426)				366,625,987
Other assets and liabilities (net)—(1.8)%				(6,481,724	)
Net Assets—100.0%			$	360,144,263

*	Principal amount stated in U.S. dollars unless otherwise noted.
(a)	Non-income producing security.
(b)	All or a portion of the security was held on loan. As of September 30, 2023, the market value of securities loaned was $25,906,696 and the collateral received consisted of cash in the amount of $8,051,517 and non-cash collateral with a value of $19,038,233. The cash collateral investments are disclosed in the Schedule of Investments and categorized as Securities Lending Reinvestments. The non-cash collateral received consists of U.S. government securities that are held in safe-keeping by the lending agent, or a third- party custodian, and cannot be sold or repledged by the Portfolio.
(c)	Represents investment of cash collateral received from securities on loan as of September 30, 2023.
(d)	The rate shown represents the annualized seven-day yield as of September 30, 2023.

BHFTI-212

Brighthouse Funds Trust I

JPMorgan Small Cap Value Portfolio

Schedule of Investments as of September 30, 2023 (Unaudited)

Futures Contracts

Futures Contracts—Long	Expiration Date		Number of Contracts		Notional Amount			Value/ Unrealized Appreciation/ (Depreciation)
Russell 2000 Index E-Mini Futures		12/15/23		94		USD	8,453,420	$	(299,200	)

Glossary of Abbreviations

Currencies

(USD)— United States Dollar

Other Abbreviations

(REIT)— Real Estate Investment Trust

Fair Value Hierarchy

Accounting principles generally accepted in the United States of America (“GAAP”) define fair market value as the price that the Portfolio would receive to sell an asset or pay to transfer a liability in an orderly transaction between market participants at the measurement date. It establishes a fair value hierarchy that prioritizes inputs to valuation methods and requires disclosure of the fair value hierarchy, separately for each major category of assets and liabilities, that segregates fair value measurements into three levels. Levels 1, 2 and 3 of the fair value hierarchy are defined as follows:

Level 1 - unadjusted quoted prices in active markets for identical investments

Level 2 - other significant observable inputs (including, but not limited to, quoted prices for similar assets or liabilities in markets that are either active or inactive; inputs other than quoted prices that are observable such as interest rates, yield curves, volatilities, prepayment speeds, loss severities, credit risks, default rates, or other market corroborated inputs)

Level 3 - significant unobservable inputs based on the best information available in the circumstances, to the extent observable inputs are unavailable (including the Portfolio’s own assumptions used in determining the fair value of investments and derivative financial instruments)

The inputs or methodologies used for valuing investments are not necessarily an indication of the risk associated with investing in them. Changes to the inputs or methodologies used may result in transfers between levels. A reconciliation of Level 3 securities, if any, will be disclosed following the fair value hierarchy table. For more information about the Portfolio’s policy regarding the valuation of investments, please refer to the Notes to Schedule of Investments.

The following table summarizes the fair value hierarchy of the Portfolio’s investments as of September 30, 2023:

Description	Level 1			Level 2			Level 3		Total
Total Common Stocks*	$	350,749,310		$	—		$	—	$	350,749,310
Total Short-Term Investment*		—			7,825,160			—		7,825,160
Securities Lending Reinvestments
Repurchase Agreements		—			3,451,517			—		3,451,517
Mutual Funds		4,600,000			—			—		4,600,000
Total Securities Lending Reinvestments		4,600,000			3,451,517			—		8,051,517
Total Investments	$	355,349,310		$	11,276,677		$	—	$	366,625,987
Collateral for Securities Loaned (Liability)	$	—		$	(8,051,517	)	$	—	$	(8,051,517	)
Futures Contracts
Futures Contracts (Unrealized Depreciation)	$	(299,200	)	$	—		$	—	$	(299,200	)

* See Schedule of Investments for additional detailed categorizations.

BHFTI-213

Brighthouse Funds Trust I

Loomis Sayles Global Allocation Portfolio

Schedule of Investments as of September 30, 2023 (Unaudited)

Common Stocks—67.5% of Net Assets

Security Description	Shares		Value
Banks—2.4%
JPMorgan Chase & Co.		40,505	$	5,874,035
Zions Bancorp NA		78,461		2,737,504
				8,611,539
Broadline Retail—3.3%
Amazon.com, Inc. (a)		91,514		11,633,260
Building Products—0.6%
Trane Technologies PLC		10,890		2,209,690
Capital Markets—6.6%
BlackRock, Inc.		9,283		6,001,367
Goldman Sachs Group, Inc.		13,439		4,348,457
London Stock Exchange Group PLC		27,762		2,786,941
S&P Global, Inc.		28,262		10,327,217
				23,463,982
Chemicals—2.8%
Linde PLC		26,789		9,974,884
Construction & Engineering—1.0%
Vinci SA		31,575		3,495,566
Consumer Staples Distribution & Retail—2.1%
Costco Wholesale Corp.		13,240		7,480,070
Electrical Equipment—0.5%
Schneider Electric SE		10,764		1,774,583
Electronic Equipment, Instruments & Components—0.8%
Halma PLC		116,000		2,725,277
Financial Services—2.9%
Mastercard, Inc. - Class A		26,120		10,341,169
Health Care Providers & Services—2.7%
UnitedHealth Group, Inc.		18,853		9,505,494
Hotels, Restaurants & Leisure—2.6%
Airbnb, Inc. - Class A (a) (b)		68,021		9,333,161
Interactive Media & Services—3.3%
Alphabet, Inc. - Class A (a)		89,656		11,732,384
IT Services—4.4%
Accenture PLC - Class A		30,807		9,461,138
Nomura Research Institute Ltd.		236,300		6,149,463
				15,610,601
Life Sciences Tools & Services—5.4%
Danaher Corp.		31,707		7,866,507
IQVIA Holdings, Inc. (a)		30,202		5,942,243
Mettler-Toledo International, Inc. (a)		4,799		5,317,628
				19,126,378
Machinery—5.8%
Atlas Copco AB - A Shares		633,619		8,489,149
Cummins, Inc.		28,092		6,417,898
Parker-Hannifin Corp.		14,881		5,796,447
				20,703,494
Oil, Gas & Consumable Fuels—1.1%
Diamondback Energy, Inc. (b)		25,873		4,007,210
Semiconductors & Semiconductor Equipment—6.8%
ASML Holding NV		14,982		8,798,017
NVIDIA Corp.		14,604		6,352,594
Taiwan Semiconductor Manufacturing Co. Ltd.		342,000		5,550,007
Texas Instruments, Inc.		22,730		3,614,297
				24,314,915
Software—5.5%
Adobe, Inc. (a)		10,083		5,141,322
Roper Technologies, Inc.		15,655		7,581,404
Salesforce, Inc. (a)		34,253		6,945,823
				19,668,549
Specialty Retail—3.5%
Home Depot, Inc.		26,216		7,921,427
O’Reilly Automotive, Inc. (a) (b)		4,922		4,473,409
				12,394,836
Textiles, Apparel & Luxury Goods—3.4%
LVMH Moet Hennessy Louis Vuitton SE		9,169		6,917,339
NIKE, Inc.—Class B		56,154		5,369,445
				12,286,784
Total Common Stocks (Cost $196,675,651)				240,393,826
Corporate Bonds & Notes—18.5%
Aerospace/Defense—0.1%
Embraer Netherlands Finance BV 7.000%, 07/28/30 (144A)		200,000		198,391
TransDigm, Inc. 6.250%, 03/15/26 (144A)		55,000		54,042
6.750%, 08/15/28 (144A)		30,000		29,535
				281,968
Airlines—0.2%
Air Canada Pass-Through Trust 3.300%, 01/15/30 (144A)		171,120		149,706
4.125%, 12/15/27 (144A)		115,929		104,135
American Airlines Pass-Through Trust 3.700%, 10/15/25		59,336		56,345
3.750%, 10/15/25		128,473		120,478
4.950%, 02/15/25		72,250		69,997

BHFTI-214

Brighthouse Funds Trust I

Loomis Sayles Global Allocation Portfolio

Schedule of Investments as of September 30, 2023 (Unaudited)

Corporate Bonds & Notes—(Continued)

Security Description	Principal Amount*		Value
Airlines—(Continued)
Mileage Plus Holdings LLC/Mileage Plus Intellectual Property Assets Ltd. 6.500%, 06/20/27 (144A)		112,000	$	110,970
United Airlines Pass-Through Trust 3.650%, 10/07/25		52,894		49,846
5.875%, 10/15/27		177,537		176,020
				837,497
Auto Manufacturers—0.6%
Allison Transmission, Inc. 4.750%, 10/01/27 (144A)		105,000		96,899
General Motors Co. 5.200%, 04/01/45		245,000		190,492
6.250%, 10/02/43		55,000		49,277
General Motors Financial Co., Inc. 3.100%, 01/12/32		70,000		54,158
6.400%, 01/09/33 (b)		235,000		229,502
General Motors Financial of Canada Ltd. 3.250%, 11/07/23 (CAD)		110,000		80,807
Hyundai Capital America 0.875%, 06/14/24 (144A)		350,000		337,509
2.650%, 02/10/25 (144A)		110,000		105,053
2.750%, 09/27/26 (144A)		500,000		455,853
6.375%, 04/08/30 (144A)		175,000		174,811
Kia Corp. 1.750%, 10/16/26 (144A)		200,000		176,841
Toyota Motor Corp. 5.123%, 07/13/33		240,000		234,149
				2,185,351
Auto Parts & Equipment—0.0%
Aptiv PLC 1.600%, 09/15/28 (EUR)		100,000		93,146
Banks—2.4%
ANZ New Zealand International Ltd. 1.250%, 06/22/26 (144A)		375,000		332,968
Banco de Chile 2.990%, 12/09/31 (144A)		200,000		163,394
Banco Santander Chile 3.177%, 10/26/31 (144A)		250,000		207,306
Banco Santander SA 1.722%, 1Y H15 + 0.900%, 09/14/27 (c)		200,000		174,880
Bank of America Corp. 2.482%, 5Y H15 + 1.200%, 09/21/36 (c)		102,000		74,223
Bank of Montreal 0.949%, SOFR + 0.603%, 01/22/27 (b) (c)		500,000		445,819
Barclays PLC 3.650%, 03/16/25		225,000		216,617
BNP Paribas SA 4.625%, 03/13/27 (144A)		355,000		336,576
CaixaBank SA 6.250%, 5Y EUR Swap + 3.550%, 02/23/33 (EUR) (c)		100,000		105,915
Credit Agricole SA 4.375%, 03/17/25 (144A)		200,000		193,260
Banks—(Continued)
Deutsche Bank AG
2.552%, SOFR + 1.318%, 01/07/28 (b) (c)		170,000		148,352
3.729%, SOFR + 2.757%, 01/14/32 (c)		404,000		300,735
DNB Bank ASA 1.535%, 1Y H15 + 0.720%, 05/25/27 (144A) (c)		410,000		361,984
ING Groep NV 1.400%, 1Y H15 + 1.100%, 07/01/26 (144A) (c)		205,000		188,429
Kookmin Bank 1.375%, 05/06/26 (144A)		315,000		283,322
Lloyds Banking Group PLC 3.870%, 1Y H15 + 3.500%, 07/09/25 (c)		200,000		196,106
Macquarie Group Ltd. 1.629%, SOFR + 0.910%, 09/23/27 (144A) (c)		425,000		371,279
2.871%, SOFR + 1.532%, 01/14/33 (144A) (c)		505,000		381,678
Mitsubishi UFJ Financial Group, Inc. 1.640%, 1Y H15 + 0.670%, 10/13/27 (c)		300,000		264,508
2.341%, 1Y H15 + 0.830%, 01/19/28 (c)		245,000		217,942
Mizuho Financial Group, Inc. 2.564%, 09/13/31		205,000		155,149
Santander Holdings USA, Inc. 3.450%, 06/02/25		100,000		95,110
Societe Generale SA 4.750%, 11/24/25 (144A)		260,000		248,691
Standard Chartered PLC 3.125%, 11/19/24 (EUR)		250,000		260,068
3.971%, 1Y H15 + 1.650%, 03/30/26 (144A) (c)		200,000		192,528
Sumitomo Mitsui Financial Group, Inc. 1.402%, 09/17/26		310,000		272,622
5.766%, 01/13/33		200,000		195,463
Swedbank AB 6.136%, 09/12/26 (144A)		200,000		199,184
Toronto-Dominion Bank 1.950%, 01/12/27		730,000		650,206
UBS Group AG 2.193%, SOFR + 2.044%, 06/05/26 (144A) (c)		250,000		232,515
3.091%, SOFR + 1.730%, 05/14/32 (144A) (c)		260,000		205,361
9.016%, SOFR + 5.020%, 11/15/33 (144A) (c)		250,000		288,704
UniCredit SpA 7.296%, 5Y USD ICE Swap + 4.914%, 04/02/34 (144A) (c)		325,000		306,160
Westpac Banking Corp. 1.953%, 11/20/28		400,000		338,467
				8,605,521
Beverages—0.1%
Anheuser-Busch InBev SA 2.000%, 01/23/35 (EUR)		345,000		295,822
Diageo Capital PLC 2.125%, 04/29/32		200,000		154,581
				450,403
Building Materials—0.2%
Cemex SAB de CV 3.875%, 07/11/31 (144A)		600,000		502,569
JELD-WEN, Inc. 4.875%, 12/15/27 (144A) (b)		75,000		66,178

BHFTI-215

Brighthouse Funds Trust I

Loomis Sayles Global Allocation Portfolio

Schedule of Investments as of September 30, 2023 (Unaudited)

Corporate Bonds & Notes—(Continued)

Security Description	Principal Amount*		Value
Building Materials—(Continued)
Masco Corp. 6.500%, 08/15/32		8,000	$	8,059
7.750%, 08/01/29		94,000		101,918
				678,724
Chemicals—0.3%
Albemarle Corp. 5.050%, 06/01/32		200,000		181,445
Ashland, Inc. 3.375%, 09/01/31 (144A)		55,000		42,770
Braskem Netherlands Finance BV 4.500%, 01/10/28 (b)		200,000		176,896
4.500%, 01/31/30		200,000		163,006
Celanese U.S. Holdings LLC 6.330%, 07/15/29		40,000		39,208
6.379%, 07/15/32		30,000		28,906
6.700%, 11/15/33		25,000		24,335
Orbia Advance Corp. SAB de CV 1.875%, 05/11/26 (144A)		210,000		186,999
4.000%, 10/04/27		200,000		183,728
				1,027,293
Commercial Services—0.0%
Block, Inc. 3.500%, 06/01/31		55,000		43,206
Gartner, Inc. 3.625%, 06/15/29 (144A)		10,000		8,555
TriNet Group, Inc. 3.500%, 03/01/29 (144A)		30,000		25,265
				77,026
Computers—0.0%
Seagate HDD Cayman 4.091%, 06/01/29		10,000		8,627
9.625%, 12/01/32 (144A)		7,650		8,243
Western Digital Corp. 2.850%, 02/01/29		10,000		8,028
3.100%, 02/01/32		10,000		7,364
				32,262
Diversified Financial Services—1.5%
AerCap Ireland Capital DAC/AerCap Global Aviation Trust 3.000%, 10/29/28		160,000		137,197
3.300%, 01/30/32		260,000		206,677
Aircastle Ltd. 5.250%, 5Y H15 + 4.410%, 06/15/26 (144A) (c)		35,000		27,522
Ally Financial, Inc. 4.700%, 5Y H15 + 3.868%, 05/15/26 (c)		125,000		85,780
4.700%, 7Y H15 + 3.481%, 05/15/28 (c)		150,000		93,929
Brookfield Finance I U.K. PLC/Brookfield Finance, Inc. 2.340%, 01/30/32		175,000		131,353
Brookfield Finance, Inc. 3.900%, 01/25/28		185,000		170,395
Diversified Financial Services—(Continued)
Nationstar Mortgage Holdings, Inc. 5.125%, 12/15/30 (144A)		55,000		44,656
5.500%, 08/15/28 (144A)		110,000		97,027
Nomura Holdings, Inc. 2.710%, 01/22/29		245,000		204,926
OneMain Finance Corp. 3.500%, 01/15/27		305,000		261,156
4.000%, 09/15/30		50,000		37,518
5.375%, 11/15/29		20,000		16,750
8.250%, 10/01/23		65,000		65,000
Power Finance Corp. Ltd. 3.950%, 04/23/30 (144A)		200,000		173,764
Rocket Mortgage LLC/Rocket Mortgage Co-Issuer, Inc. 2.875%, 10/15/26 (144A)		1,270,000		1,118,476
3.625%, 03/01/29 (144A) (b)		365,000		301,758
3.625%, 03/01/29		720,000		595,249
3.875%, 03/01/31 (144A)		1,330,000		1,060,502
4.000%, 10/15/33 (144A)		370,000		279,418
Shriram Finance Ltd. 4.400%, 03/13/24		245,000		241,448
Unifin Financiera SAB de CV 7.250%, 09/27/23 (d)		245,000		2,940
9.875%, 01/28/29 (d)		250,000		4,938
				5,358,379
Electric—0.6%
AES Corp. 3.950%, 07/15/30 (144A)		20,000		17,238
CEZ AS 0.875%, 12/02/26 (EUR)		175,000		164,828
3.000%, 06/05/28 (EUR)		125,000		123,860
Colbun SA 3.150%, 03/06/30		295,000		246,165
EDP Finance BV 1.710%, 01/24/28 (144A)		205,000		172,873
Electricite de France SA 4.875%, 09/21/38 (144A)		200,000		162,588
Empresas Publicas de Medellin ESP 4.250%, 07/18/29 (144A)		200,000		160,487
Enel Chile SA 4.875%, 06/12/28		110,000		104,630
Engie Energia Chile SA 3.400%, 01/28/30		305,000		253,680
Engie SA 1.250%, 10/24/41 (EUR)		200,000		123,103
Korea East-West Power Co. Ltd. 1.750%, 05/06/25 (144A)		200,000		187,620
Naturgy Finance BV 1.500%, 01/29/28 (EUR)		200,000		191,573
Orsted AS 2.125%, 05/17/27 (GBP)		215,000		233,559
Pacific Gas & Electric Co. 5.450%, 06/15/27		35,000		33,685
				2,175,889

BHFTI-216

Brighthouse Funds Trust I

Loomis Sayles Global Allocation Portfolio

Schedule of Investments as of September 30, 2023 (Unaudited)

Corporate Bonds & Notes—(Continued)

Security Description	Principal Amount*		Value
Engineering & Construction—0.2%
Cellnex Telecom SA 1.750%, 10/23/30 (EUR)		400,000	$	343,069
Fraport AG Frankfurt Airport Services Worldwide 1.875%, 03/31/28 (EUR)		355,000		336,561
Sydney Airport Finance Co. Pty. Ltd. 3.375%, 04/30/25 (144A)		40,000		38,391
TopBuild Corp. 4.125%, 02/15/32 (144A)		40,000		32,474
				750,495
Entertainment—0.2%
Everi Holdings, Inc. 5.000%, 07/15/29 (144A)		10,000		8,607
Light & Wonder International, Inc. 7.000%, 05/15/28 (144A)		160,000		157,266
7.250%, 11/15/29 (144A)		60,000		58,800
7.500%, 09/01/31 (144A)		30,000		29,650
Warnermedia Holdings, Inc. 4.279%, 03/15/32 (b)		320,000		271,622
				525,945
Environmental Control—0.1%
Covanta Holding Corp. 4.875%, 12/01/29 (144A)		230,000		188,692
Food—0.2%
Fonterra Co.-operative Group Ltd. 5.500%, 02/26/24 (AUD)		500,000		322,360
JBS USA LUX SA/JBS USA Food Co./JBS USA Finance, Inc. 3.750%, 12/01/31		85,000		68,088
Pilgrim’s Pride Corp. 3.500%, 03/01/32		125,000		96,663
4.250%, 04/15/31		40,000		33,368
Post Holdings, Inc. 4.500%, 09/15/31 (144A)		105,000		87,391
Sigma Alimentos SA de CV 4.125%, 05/02/26		200,000		189,956
				797,826
Forest Products & Paper—0.2%
Celulosa Arauco y Constitucion SA 4.500%, 08/01/24		200,000		195,830
Suzano Austria GmbH 2.500%, 09/15/28		255,000		211,875
3.125%, 01/15/32		125,000		96,001
3.750%, 01/15/31		60,000		49,318
				553,024
Healthcare-Products—0.0%
DH Europe Finance II Sarl 0.750%, 09/18/31 (EUR)		140,000		115,706
Healthcare-Services—0.1%
Centene Corp. 2.500%, 03/01/31		275,000		211,260
2.625%, 08/01/31		5,000		3,830
3.000%, 10/15/30		185,000		149,223
Charles River Laboratories International, Inc. 3.750%, 03/15/29 (144A)		20,000		17,149
4.000%, 03/15/31 (144A)		20,000		16,925
Molina Healthcare, Inc. 3.875%, 05/15/32 (144A)		55,000		44,109
				442,496
Holding Companies-Diversified—0.1%
CK Hutchison International 19 Ltd. 3.625%, 04/11/29 (144A) (b)		225,000		203,394
Home Builders—0.0%
Beazer Homes USA, Inc. 7.250%, 10/15/29		120,000		112,599
Household Products/Wares—0.0%
Kimberly-Clark de Mexico SAB de CV 2.431%, 07/01/31		200,000		163,129
Insurance—0.2%
AIA Group Ltd. 3.200%, 03/11/25 (144A)		200,000		193,191
3.600%, 04/09/29		200,000		181,825
3.900%, 04/06/28 (144A)		260,000		244,101
Athene Global Funding 1.608%, 06/29/26 (144A)		100,000		87,372
				706,489
Internet—1.1%
Alibaba Group Holding Ltd. 3.400%, 12/06/27 (b)		240,000		220,658
Expedia Group, Inc. 2.950%, 03/15/31		400,000		322,258
Netflix, Inc. 4.875%, 06/15/30 (144A)		265,000		250,878
5.375%, 11/15/29 (144A)		30,000		29,272
Tencent Holdings Ltd. 3.280%, 04/11/24 (144A)		200,000		197,351
Uber Technologies, Inc. 4.500%, 08/15/29 (144A) (b)		1,285,000		1,148,606
6.250%, 01/15/28 (144A)		780,000		762,735
7.500%, 09/15/27 (144A)		730,000		736,062
8.000%, 11/01/26 (144A)		15,000		15,176
Weibo Corp. 3.500%, 07/05/24		200,000		195,438
				3,878,434
Investment Companies—0.8%
Ares Capital Corp. 3.200%, 11/15/31		235,000		179,809
Barings BDC, Inc. 3.300%, 11/23/26		60,000		52,643

BHFTI-217

Brighthouse Funds Trust I

Loomis Sayles Global Allocation Portfolio

Schedule of Investments as of September 30, 2023 (Unaudited)

Corporate Bonds & Notes—(Continued)

Security Description	Principal Amount*		Value
Investment Companies—(Continued)
Blue Owl Capital Corp. 2.875%, 06/11/28		225,000	$	185,012
4.250%, 01/15/26		570,000		533,256
Blue Owl Technology Finance Corp. 2.500%, 01/15/27		160,000		134,333
4.750%, 12/15/25 (144A)		295,000		272,863
Icahn Enterprises LP/Icahn Enterprises Finance Corp. 4.375%, 02/01/29		1,185,000		947,596
4.750%, 09/15/24		20,000		19,263
5.250%, 05/15/27		475,000		417,516
6.375%, 12/15/25		45,000		42,807
				2,785,098
Iron/Steel—0.0%
ArcelorMittal SA 6.750%, 03/01/41		95,000		90,542
Leisure Time—0.5%
Carnival Corp. 5.750%, 03/01/27 (144A)		95,000		85,996
7.000%, 08/15/29 (144A)		20,000		19,721
NCL Corp. Ltd. 5.875%, 03/15/26 (144A)		425,000		392,378
5.875%, 02/15/27 (144A)		220,000		209,213
NCL Finance Ltd. 6.125%, 03/15/28 (144A) (b)		240,000		211,800
Royal Caribbean Cruises Ltd. 4.250%, 07/01/26 (144A)		365,000		334,666
5.500%, 04/01/28 (144A)		450,000		412,646
				1,666,420
Lodging—0.2%
Hilton Grand Vacations Borrower Escrow LLC / Hilton Grand Vacations Borrower Escrow, Inc. 4.875%, 07/01/31 (144A)		70,000		57,066
5.000%, 06/01/29 (144A)		50,000		43,372
Marriott Ownership Resorts, Inc. 4.500%, 06/15/29 (144A)		135,000		113,116
Travel & Leisure Co. 4.500%, 12/01/29 (144A)		530,000		444,537
4.625%, 03/01/30 (144A)		55,000		46,284
				704,375
Machinery-Diversified—0.0%
John Deere Capital Corp. 0.450%, 06/07/24		125,000		120,863
Media—2.2%
CCO Holdings LLC/CCO Holdings Capital Corp. 4.250%, 02/01/31 (144A)		1,325,000		1,054,751
4.250%, 01/15/34 (144A)		545,000		401,271
4.500%, 08/15/30 (144A)		275,000		225,724
4.750%, 02/01/32 (144A) (b)		135,000		108,000
5.125%, 05/01/27 (144A)		60,000		55,903
5.500%, 05/01/26 (144A)		25,000		24,148
Media—(Continued)
Charter Communications Operating LLC / Charter Communications Operating Capital Corp. 2.300%, 02/01/32		15,000		10,932
2.800%, 04/01/31		30,000		23,396
3.950%, 06/30/62 (b)		115,000		65,233
4.400%, 04/01/33 (b)		115,000		97,812
4.400%, 12/01/61		635,000		391,222
CSC Holdings LLC 3.375%, 02/15/31 (144A)		1,805,000		1,229,994
4.125%, 12/01/30 (144A)		400,000		283,086
4.500%, 11/15/31 (144A)		405,000		286,651
4.625%, 12/01/30 (144A)		2,495,000		1,326,475
5.375%, 02/01/28 (144A)		200,000		162,822
6.500%, 02/01/29 (144A)		200,000		165,687
Directv Financing LLC/Directv Financing Co.-Obligor, Inc. 5.875%, 08/15/27 (144A) (b)		40,000		35,367
DISH DBS Corp. 5.125%, 06/01/29		570,000		315,997
5.250%, 12/01/26 (144A)		560,000		475,916
5.750%, 12/01/28 (144A)		105,000		80,719
Grupo Televisa SAB 7.250%, 05/14/43 (MXN)		6,000,000		211,390
iHeartCommunications, Inc. 4.750%, 01/15/28 (144A)		135,000		103,204
5.250%, 08/15/27 (144A)		305,000		241,718
Time Warner Cable LLC 4.500%, 09/15/42		45,000		31,177
5.500%, 09/01/41		30,000		23,467
Videotron Ltd. 5.125%, 04/15/27 (144A)		230,000		217,637
				7,649,699
Mining—1.0%
Anglo American Capital PLC 2.625%, 09/10/30 (144A)		200,000		159,768
5.625%, 04/01/30 (144A)		200,000		193,155
AngloGold Ashanti Holdings PLC 3.375%, 11/01/28		300,000		252,313
Antofagasta PLC 5.625%, 05/13/32		200,000		190,558
Corp. Nacional del Cobre de Chile 3.000%, 09/30/29 (144A)		285,000		241,459
Freeport-McMoRan, Inc. 4.375%, 08/01/28		325,000		297,933
5.400%, 11/14/34		540,000		494,229
Glencore Funding LLC 5.700%, 05/08/33 (144A)		285,000		270,245
6.500%, 10/06/33 (144A)		1,395,000		1,392,539
				3,492,199
Multi-National—0.4%
International Bank for Reconstruction & Development 1.200%, 07/22/26 (CAD)		1,315,000		875,689
Nordic Investment Bank 1.500%, 03/13/25 (NOK)		4,930,000		440,151
				1,315,840

BHFTI-218

Brighthouse Funds Trust I

Loomis Sayles Global Allocation Portfolio

Schedule of Investments as of September 30, 2023 (Unaudited)

Corporate Bonds & Notes—(Continued)

Security Description	Principal Amount*		Value
Oil & Gas—1.0%
Continental Resources, Inc. 2.875%, 04/01/32 (144A)		418,000	$	313,019
5.750%, 01/15/31 (144A)		517,000		485,698
Ecopetrol SA 5.875%, 05/28/45		325,000		214,162
Empresa Nacional del Petroleo 3.450%, 09/16/31 (144A)		205,000		163,684
EQT Corp. 3.625%, 05/15/31 (144A)		155,000		131,121
5.000%, 01/15/29		95,000		89,301
5.700%, 04/01/28		20,000		19,602
Equinor ASA 3.625%, 04/06/40		355,000		273,962
Matador Resources Co. 6.875%, 04/15/28 (144A)		20,000		19,637
Occidental Petroleum Corp. 6.625%, 09/01/30		285,000		288,776
7.500%, 05/01/31		5,000		5,306
7.875%, 09/15/31		140,000		151,494
8.875%, 07/15/30		235,000		264,213
Ovintiv, Inc. 6.250%, 07/15/33		55,000		53,180
6.500%, 08/15/34 (b)		105,000		103,411
6.500%, 02/01/38		5,000		4,775
6.625%, 08/15/37		25,000		23,984
7.200%, 11/01/31		5,000		5,147
7.375%, 11/01/31		10,000		10,478
8.125%, 09/15/30		10,000		10,869
Petroleos Mexicanos 5.950%, 01/28/31		450,000		322,088
QatarEnergy 2.250%, 07/12/31 (144A)		305,000		244,199
Raizen Fuels Finance SA 5.300%, 01/20/27 (144A)		200,000		193,976
Southwestern Energy Co. 4.750%, 02/01/32		30,000		25,749
				3,417,831
Packaging & Containers—0.0%
Silgan Holdings, Inc. 3.250%, 03/15/25 (EUR)		100,000		102,814
Pharmaceuticals—1.2%
Bausch Health Cos., Inc. 4.875%, 06/01/28 (144A)		1,025,000		582,903
5.000%, 01/30/28 (144A)		125,000		50,901
Teva Pharmaceutical Finance Co. LLC 6.150%, 02/01/36		250,000		221,693
Teva Pharmaceutical Finance Netherlands III BV 3.150%, 10/01/26 (b)		495,000		441,179
4.100%, 10/01/46		2,080,000		1,302,009
4.750%, 05/09/27		750,000		688,150
7.875%, 09/15/29		605,000		612,904
8.125%, 09/15/31		430,000		444,857
				4,344,596
Pipelines—0.2%
EnLink Midstream LLC 6.500%, 09/01/30 (144A)		10,000		9,700
EnLink Midstream Partners LP 5.450%, 06/01/47		60,000		46,880
Hess Midstream Operations LP 4.250%, 02/15/30 (144A)		85,000		71,675
5.625%, 02/15/26 (144A)		40,000		38,650
Targa Resources Corp. 6.125%, 03/15/33		70,000		68,621
Targa Resources Partners LP/Targa Resources Partners Finance Corp. 4.875%, 02/01/31		15,000		13,435
5.500%, 03/01/30		20,000		18,718
Venture Global Calcasieu Pass LLC 3.875%, 11/01/33 (144A)		115,000		89,289
4.125%, 08/15/31 (144A)		55,000		45,134
Western Midstream Operating LP 4.050%, 02/01/30		60,000		52,446
5.250%, 02/01/50		50,000		38,952
5.300%, 03/01/48		80,000		62,443
5.450%, 04/01/44		15,000		12,092
5.500%, 08/15/48		10,000		7,951
				575,986
Real Estate—0.2%
Blackstone Property Partners Europe Holdings Sarl 1.625%, 04/20/30 (EUR)		215,000		168,384
GAIF Bond Issuer Pty. Ltd. 3.400%, 09/30/26 (144A)		215,000		198,476
Heimstaden Bostad Treasury BV 1.375%, 07/24/28 (EUR)		210,000		161,546
Logicor Financing Sarl 1.625%, 01/17/30 (EUR)		215,000		171,447
				699,853
Real Estate Investment Trusts—0.4%
EPR Properties 3.600%, 11/15/31		30,000		22,238
GLP Capital LP/GLP Financing II, Inc. 3.250%, 01/15/32		45,000		34,924
Iron Mountain, Inc. 4.875%, 09/15/29 (144A)		155,000		135,849
Prologis Euro Finance LLC 0.250%, 09/10/27 (EUR)		320,000		291,049
Prologis LP 2.250%, 06/30/29 (GBP)		135,000		136,328
Realty Income Corp. 1.625%, 12/15/30 (GBP)		125,000		113,749
5.125%, 07/06/34 (EUR)		100,000		104,801
SBA Communications Corp. 3.125%, 02/01/29		175,000		145,963
VICI Properties LP/VICI Note Co., Inc. 4.250%, 12/01/26 (144A)		90,000		83,858
4.500%, 09/01/26 (144A)		135,000		126,826
4.625%, 06/15/25 (144A)		60,000		57,941
				1,253,526

BHFTI-219

Brighthouse Funds Trust I

Loomis Sayles Global Allocation Portfolio

Schedule of Investments as of September 30, 2023 (Unaudited)

Corporate Bonds & Notes—(Continued)

Security Description	Principal Amount*		Value
Retail—0.1%
1011778 BC ULC/New Red Finance, Inc. 4.000%, 10/15/30 (144A)		165,000	$	137,111
Lithia Motors, Inc. 3.875%, 06/01/29 (144A)		150,000		126,420
Yum! Brands, Inc. 4.625%, 01/31/32		200,000		173,484
				437,015
Semiconductors—0.8%
Broadcom, Inc. 2.450%, 02/15/31 (144A) (b)		415,000		324,366
2.600%, 02/15/33 (144A)		380,000		283,360
3.187%, 11/15/36 (144A)		85,000		61,029
3.419%, 04/15/33 (144A)		680,000		543,902
3.469%, 04/15/34 (144A)		625,000		490,882
4.150%, 04/15/32 (144A)		330,000		286,379
Micron Technology, Inc. 5.875%, 02/09/33 (b)		835,000		797,644
SK Hynix, Inc. 2.375%, 01/19/31 (144A)		300,000		225,302
				3,012,864
Software—0.1%
MSCI, Inc. 3.250%, 08/15/33 (144A)		50,000		38,482
Open Text Corp. 6.900%, 12/01/27 (144A)		85,000		85,194
VMware, Inc. 2.200%, 08/15/31		260,000		196,204
				319,880
Telecommunications—0.9%
America Movil SAB de CV 2.125%, 03/10/28 (EUR)		235,000		229,882
2.875%, 05/07/30		200,000		167,427
Bharti Airtel Ltd. 3.250%, 06/03/31		305,000		251,436
CommScope Technologies LLC 5.000%, 03/15/27 (144A)		500,000		283,775
CommScope, Inc. 4.750%, 09/01/29 (144A)		990,000		728,189
KT Corp. 2.500%, 07/18/26 (144A)		210,000		192,827
MTN Mauritius Investments Ltd. 4.755%, 11/11/24 (144A)		400,000		389,000
4.755%, 11/11/24		200,000		194,500
Ooredoo International Finance Ltd. 2.625%, 04/08/31 (144A)		250,000		208,087
T-Mobile USA, Inc. 3.875%, 04/15/30		355,000		314,520
Turkcell Iletisim Hizmetleri AS 5.800%, 04/11/28		215,000		197,342
				3,156,985
Transportation—0.1%
Canadian Pacific Railway Co. 1.750%, 12/02/26		265,000		236,428
Rand Parent LLC 8.500%, 02/15/30 (144A) (b)		185,000		171,143
				407,571
Total Corporate Bonds & Notes (Cost $75,445,803)				65,795,645
Foreign Government—7.2%
Banks—0.1%
Corp. Financiera de Desarrollo SA 2.400%, 09/28/27 (144A)		365,000		312,987
Oil & Gas—0.1%
Korea National Oil Corp. 2.125%, 04/18/27 (144A)		240,000		213,842
Regional Government—0.3%
New South Wales Treasury Corp. 2.000%, 03/08/33 (AUD)		1,480,000		735,906
Province of Quebec Canada 2.300%, 09/01/29 (CAD)		310,000		200,981
4.500%, 09/08/33		310,000		297,441
				1,234,328
Sovereign—6.7%
Australia Government Bond 0.500%, 09/21/26 (AUD)		2,225,000		1,288,334
Brazil Notas do Tesouro Nacional 10.000%, 01/01/31 (BRL)		5,875,000		1,087,178
Brazilian Government International Bond 4.500%, 05/30/29		340,000		317,032
Canada Government Bond 0.500%, 09/01/25 (CAD)		915,000		620,853
Chile Government International Bond 2.550%, 01/27/32 (b)		350,000		282,619
Colombia Government International Bonds 3.875%, 04/25/27		200,000		181,878
7.500%, 02/02/34		200,000		188,844
Colombia TES 6.250%, 11/26/25 (COP)		1,305,500,000		294,556
7.500%, 08/26/26 (COP)		4,868,600,000		1,097,552
Dominican Republic International Bonds 4.500%, 01/30/30 (144A)		235,000		198,856
4.875%, 09/23/32 (144A)		150,000		121,663
6.000%, 07/19/28 (144A)		200,000		189,682
8.625%, 04/20/27 (144A)		200,000		205,761
Ecuador Government International Bond 6.000%, 07/31/30 (e)		435,000		221,154
Export-Import Bank of India 2.250%, 01/13/31 (144A)		310,000		240,467

BHFTI-220

Brighthouse Funds Trust I

Loomis Sayles Global Allocation Portfolio

Schedule of Investments as of September 30, 2023 (Unaudited)

Foreign Government—(Continued)

Security Description	Principal Amount*		Value
Sovereign—(Continued)
Indonesia Government International Bonds 2.850%, 02/14/30		200,000	$	170,046
4.125%, 01/15/25 (144A)		200,000		196,617
Indonesia Treasury Bonds 7.000%, 09/15/30 (IDR)		5,500,000,000		359,915
7.500%, 05/15/38 (IDR)		6,358,000,000		431,028
Ireland Government Bonds
Zero Coupon, 10/18/31 (EUR)		405,000		332,126
3.400%, 03/18/24 (EUR)		65,000		68,665
Italy Buoni Poliennali Del Tesoro 1.350%, 04/01/30 (EUR)		895,000		787,994
2.000%, 02/01/28 (EUR)		325,000		315,792
Japan Government CPI Linked Bond 0.100%, 03/10/28 (JPY) (f)		89,217,245		629,249
Japan Government Ten Year Bond 0.400%, 06/20/33 (JPY)		92,300,000		597,059
Korea Treasury Bonds 0.875%, 12/10/23 (KRW)		500,000,000		368,686
1.125%, 09/10/25 (KRW)		500,000,000		351,581
Mexican Bonos 5.750%, 03/05/26 (MXN)		24,011,500		1,235,302
7.500%, 06/03/27 (MXN)		8,252,400		432,188
8.000%, 12/07/23 (MXN)		1,835,000		104,512
8.500%, 05/31/29 (MXN)		14,420,800		773,506
Mexico Government International Bonds 3.500%, 02/12/34		200,000		156,381
4.000%, 03/15/15 (EUR)		100,000		71,417
New Zealand Government Bonds 0.500%, 05/15/24 (NZD)		1,150,000		667,417
1.500%, 05/15/31 (NZD)		690,000		316,044
3.000%, 04/20/29 (NZD)		455,000		243,168
Norway Government Bonds 1.750%, 02/17/27 (144A) (NOK)		4,250,000		367,645
2.000%, 04/26/28 (144A) (NOK)		7,595,000		649,132
3.000%, 03/14/24 (144A) (NOK)		1,477,000		137,232
Paraguay Government International Bond 4.950%, 04/28/31 (144A)		200,000		184,819
Peruvian Government International Bonds 2.392%, 01/23/26		125,000		115,988
3.000%, 01/15/34 (b)		245,000		188,665
Republic of Italy Government International Bond 2.375%, 10/17/24		280,000		269,447
Republic of Poland Government Bonds 1.250%, 10/25/30 (PLN)		3,000,000		518,170
3.250%, 07/25/25 (PLN)		1,445,000		321,053
Republic of South Africa Government Bonds 7.000%, 02/28/31 (ZAR)		11,655,000		482,974
8.875%, 02/28/35 (ZAR)		5,960,000		248,048
Republic of South Africa Government International Bond 5.750%, 09/30/49		965,000		636,948
Romania Government International Bond 2.000%, 04/14/33 (144A) (EUR)		120,000		87,108
Singapore Government Bond 2.125%, 06/01/26 (SGD)		1,120,000		787,982
Sovereign—(Continued)
Spain Government Bonds 1.600%, 04/30/25 (144A) (EUR)		180,000		184,595
1.950%, 07/30/30 (144A) (EUR)		310,000		295,124
4.400%, 10/31/23 (144A) (EUR)		525,000		555,167
Sweden Government Bonds 0.125%, 05/12/31 (SEK)		4,200,000		311,056
1.500%, 11/13/23 (SEK)		1,045,000		95,399
Turkey Government International Bond 5.250%, 03/13/30		590,000		490,213
United Kingdom Gilt 2.750%, 09/07/24 (GBP)		215,000		256,890
3.250%, 01/31/33 (GBP)		410,000		456,009
4.125%, 01/29/27 (GBP)		585,000		703,493
Uruguay Government International Bonds 4.375%, 01/23/31		170,000		162,516
8.250%, 05/21/31 (UYU)		9,950,000		238,085
				23,888,880
Total Foreign Government (Cost $30,244,089)				25,650,037
U.S. Treasury & Government Agencies—2.9%
U.S. Treasury—2.9%
U.S. Treasury Bonds 2.250%, 02/15/52		1,085,000		665,834
3.625%, 05/15/53		695,000		575,438
4.125%, 08/15/53		660,000		599,156
U.S. Treasury Inflation-Indexed Notes 0.375%, 07/15/27 (f)		1,274,582		1,181,864
U.S. Treasury Notes 0.500%, 11/30/23		270,000		267,860
0.875%, 01/31/24		2,195,000		2,162,332
1.500%, 02/29/24		530,000		521,470
1.875%, 02/15/32		360,000		292,430
2.250%, 03/31/24 (g)		1,735,000		1,707,823
3.375%, 05/15/33		1,870,000		1,695,856
3.750%, 06/30/30		650,000		616,941
4.125%, 06/15/26		155,000		152,130
Total U.S. Treasury & Government Agencies (Cost $10,921,048)				10,439,134
Convertible Bonds—2.4%
Airlines—0.3%
JetBlue Airways Corp. 0.500%, 04/01/26		25,000		19,328
Southwest Airlines Co. 1.250%, 05/01/25		1,015,000		1,007,387
				1,026,715

BHFTI-221

Brighthouse Funds Trust I

Loomis Sayles Global Allocation Portfolio

Schedule of Investments as of September 30, 2023 (Unaudited)

Convertible Bonds—(Continued)

Security Description	Principal Amount*		Value
Biotechnology—0.6%
BioMarin Pharmaceutical, Inc. 0.599%, 08/01/24		1,590,000	$	1,542,300
1.250%, 05/15/27 (b)		50,000		49,530
Livongo Health, Inc. 0.875%, 06/01/25		520,000		475,176
				2,067,006
Entertainment—0.0%
Penn Entertainment, Inc. 2.750%, 05/15/26		20,000		24,274
Healthcare-Services—0.4%
Teladoc Health, Inc. 1.250%, 06/01/27		1,985,000		1,581,847
Internet—0.3%
Etsy, Inc. 0.125%, 09/01/27		10,000		8,000
0.250%, 06/15/28		50,000		37,775
Snap, Inc.
Zero Coupon, 05/01/27		75,000		55,575
Spotify USA, Inc.
Zero Coupon, 03/15/26		70,000		59,535
Uber Technologies, Inc.
Zero Coupon, 12/15/25		830,000		774,321
Zillow Group, Inc. 1.375%, 09/01/26		10,000		11,915
				947,121
Leisure Time—0.1%
NCL Corp. Ltd. 1.125%, 02/15/27		330,000		273,075
Media—0.7%
DISH Network Corp.
Zero Coupon, 12/15/25		975,000		650,812
3.375%, 08/15/26		2,945,000		1,769,945
				2,420,757
Oil & Gas—0.0%
Northern Oil & Gas, Inc. 3.625%, 04/15/29		45,000		55,588
Software—0.0%
Splunk, Inc. 1.125%, 06/15/27		135,000		127,372
Unity Software, Inc.
Zero Coupon, 11/15/26		45,000		35,618
				162,990
Total Convertible Bonds (Cost $11,145,812)				8,559,373

Floating Rate Loans (h)—0.2%

Security Description	Shares/ Principal Amount*		Value
Commercial Services—0.0%
GTCR W Merger Sub LLC
USD Term Loan B, 09/20/30 (i)		45,000	$	45,018
Healthcare-Services—0.1%
Star Parent, Inc. 2023 Term Loan B, 09/19/30 (i)		142,633		139,643
Insurance—0.0%
HUB International Ltd.
Term Loan B, 9.584%, 3M TSFR + 4.250%, 06/20/30		35,000		35,149
Internet—0.0%
Uber Technologies, Inc.
Term Loan B, 8.159%, 3M TSFR + 2.750%, 03/03/30		59,564		59,624
Leisure Time—0.1%
Carnival Corp. 2023 Term Loan B, 8.327%, 1M TSFR + 3.000%, 08/08/27		213,900		213,810
Incremental Term Loan B, 8.681%, 1M TSFR + 3.250%, 10/18/28		280,973		280,007
				493,817
Retail—0.0%
1011778 BC Unlimited Liability Co. 2023 Term Loan B5, 7.566%, 1M TSFR + 2.250%, 09/12/30		75,000		74,867
Total Floating Rate Loans (Cost $845,154)				848,118
Municipals—0.1%
Tobacco Settlement Financing Corp. 6.706%, 06/01/46 (Cost $609,836)		610,000		504,833
Convertible Preferred Stock—0.0%
Pipelines—0.0%
El Paso Energy Capital Trust I 4.750%, 03/31/28 (Cost $130,393)		2,834		128,692
Mortgage-Backed Securities—0.0%
Commercial Mortgage-Backed Securities—0.0%
Institutional Mortgage Securities Canada, Inc. 2.616%, 07/12/47 (144A) (CAD)		59,651		43,587
Total Mortgage-Backed Securities (Cost $55,666)				43,587

BHFTI-222

Brighthouse Funds Trust I

Loomis Sayles Global Allocation Portfolio

Schedule of Investments as of September 30, 2023 (Unaudited)

Short-Term Investments—1.1%

Security Description	Principal Amount*		Value
Repurchase Agreement—1.1%
Fixed Income Clearing Corp. Repurchase Agreement dated 09/29/23 at 2.500%, due on 10/02/23 with a maturity value of $3,930,522; collateralized by U.S. Treasury Note at 0.750%, maturing 04/30/26, with a market value of $4,008,371.		3,929,703	$	3,929,703
Total Short-Term Investments (Cost $3,929,664)				3,929,703
Securities Lending Reinvestments (j)—0.5%
Repurchase Agreements—0.2%
Citigroup Global Markets, Inc. Repurchase Agreement dated 09/29/23 at 5.470%, due on 10/06/23 with a maturity value of $41,027; collateralized by U.S. Treasury Obligations with rates ranging from 0.250% - 5.403%, maturity dates ranging from 01/31/24 - 10/31/25, and various Common Stock with an aggregate market value of $41,804.		40,983		40,983
HSBC Securities, Inc. Repurchase Agreement dated 09/29/23 at 5.280%, due on 10/02/23 with a maturity value of $300,132; collateralized by U.S. Treasury Obligations with rates ranging from 0.000% - 4.500%, maturity dates ranging from 09/30/23 - 05/15/52, and an aggregate market value of $306,135.		300,000		300,000
ING Financial Markets LLC Repurchase Agreement dated 09/29/23 at 5.300%, due on 10/02/23 with a maturity value of $220,978; collateralized by U.S. Treasury Obligations with rates ranging from 0.000% - 4.500%, maturity dates ranging from 10/12/23 - 02/15/50, and an aggregate market value of $225,298.		220,881		220,881
National Bank of Canada Repurchase Agreement dated 09/29/23 at 5.320%, due on 10/06/23 with a maturity value of $100,103; collateralized by U.S. Treasury Obligations with rates ranging from 0.000% - 4.000%, maturity dates ranging from 10/12/23 - 02/15/32, and an aggregate market value of $102,478.		100,000		100,000
NBC Global Finance Ltd. Repurchase Agreement dated 09/29/23 at 5.460%, due on 10/02/23 with a maturity value of $75,034; collateralized by various Common Stock with an aggregate market value of $83,700.		75,000		75,000
Societe Generale Repurchase Agreement dated 09/29/23 at 5.420%, due on 10/02/23 with a maturity value of $53,031; collateralized by various Common Stock with an aggregate market value of $58,998.		53,007		53,007
				789,871
Mutual Funds—0.3%
Allspring Government Money Market Fund, Select Class 5.270% (k)		150,000		150,000
BlackRock Liquidity Funds FedFund, Institutional Shares 5.230% (k)		100,000		100,000
Dreyfus Treasury Obligations Cash Management Fund, Institutional Class 5.230% (k)		100,000		100,000
Morgan Stanley Liquidity Funds Government Portfolio, Institutional Shares 5.270% (k)		200,000		200,000
RBC U.S. Government Money Market Fund, Institutional Shares 5.270% (k)		100,000		100,000
STIT-Government & Agency Portfolio, Institutional Class 5.260% (k)		100,000		100,000
Western Asset Institutional Government Reserves Fund, Institutional Class 5.250% (k)		150,000		150,000
				900,000
Total Securities Lending Reinvestments (Cost $1,689,871)				1,689,871
Total Investments—100.4% (Cost $331,692,987)				357,982,819
Other assets and liabilities (net)—(0.4)%				(1,601,691	)
Net Assets—100.0%			$	356,381,128

*	Principal amount stated in U.S. dollars unless otherwise noted.
(a)	Non-income producing security.
(b)	All or a portion of the security was held on loan. As of September 30, 2023, the market value of securities loaned was $11,914,080 and the collateral received consisted of cash in the amount of $1,689,871 and non-cash collateral with a value of $10,523,732. The cash collateral investments are disclosed in the Schedule of Investments and categorized as Securities Lending Reinvestments. The non-cash collateral received consists of U.S. government securities that are held in safe-keeping by the lending agent, or a third-party custodian, and cannot be sold or repledged by the Portfolio.
(c)	Variable or floating rate security. The stated rate represents the rate at September 30, 2023. 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)	Non-income producing; security is in default and/or issuer is in bankruptcy.
(e)	Security is a “step-up” bond where coupon increases or steps up at a predetermined date. Rate shown is current coupon rate.
(f)	Principal amount of security is adjusted for inflation.
(g)	All or a portion of the security was pledged as collateral against open futures contracts. As of September 30, 2023, the market value of securities pledged was $502,011.
(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

BHFTI-223

Brighthouse Funds Trust I

Loomis Sayles Global Allocation Portfolio

Schedule of Investments as of September 30, 2023 (Unaudited)

	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 September 30, 2023, at which time the interest rate will be determined.
(j)	Represents investment of cash collateral received from securities on loan as of September 30, 2023.
(k)	The rate shown represents the annualized seven-day yield as of September 30, 2023.
(144A)	Securities exempt from registration under Rule 144A of the Securities Act of 1933. These securities may be resold in transactions exempt from registration, normally to qualified institutional buyers. As of September 30, 2023, the market value of 144A securities was $38,916,937, which is 10.9% of net assets.

Country Diversification as of September 30, 2023 (Unaudited)	% of Net Assets
United States		70.2
France		3.7
Sweden		2.6
Netherlands		2.5
Japan		2.5
United Kingdom		2.2
Taiwan		1.6
Mexico		1.4
Israel		1.0
Canada		1.0

Forward Foreign Currency Exchange Contracts

Contracts to Buy		Counterparty	Settlement Date		In Exchange for			Unrealized Appreciation/ (Depreciation)
EUR	9,535,000	MSC		12/20/23		USD	10,253,825	$	(135,986	)
GBP	506,000	UBSA		12/20/23		USD	627,693		(9,987	)
JPY	1,030,640,000	MSC		12/20/23		USD	7,114,289		(128,623	)
Contracts to Deliver
AUD	2,345,000	HSBCU		12/20/23		USD	1,514,635		2,866
CAD	485,000	CBNA		12/20/23		USD	358,217		698
COP	5,516,862,000	UBSA		12/20/23		USD	1,366,575		40,492
IDR	12,100,000,000	UBSA		12/20/23		USD	785,081		2,304
KRW	935,594,000	BOA		12/20/23		USD	707,337		10,860
MXN	29,008,000	BOA		12/20/23		USD	1,669,642		26,812
NZD	660,000	MSC		12/20/23		USD	391,330		(4,254	)
Cross Currency Contracts to Buy
EUR	330,879	MSC		12/20/23		NOK	3,786,000		(3,606	)
Net Unrealized Depreciation								$	(198,424	)

Futures Contracts

Futures Contracts — Long	Expiration Date		Number of Contracts			Notional Value				Value/ Unrealized Appreciation/ (Depreciation)
U.S. Treasury Long Bond Futures		12/19/23		108			USD	12,288,375		$	(670,460	)
U.S. Treasury Note 10 Year Futures		12/19/23		23			USD	2,485,438			(48,765	)
U.S. Treasury Note 2 Year Futures		12/29/23		25			USD	5,067,773			(12,799	)
U.S. Treasury Note 5 Year Futures		12/29/23		56			USD	5,900,125			(51,685	)
Futures Contracts—Short
U.S. Treasury Note Ultra 10 Year Futures		12/19/23		(58	)		USD	(6,470,625	)		181,713
U.S. Treasury Ultra Long Bond Futures		12/19/23		(25	)		USD	(2,967,188	)		181,319
Net Unrealized Depreciation										$	(420,677	)

BHFTI-224

Brighthouse Funds Trust I

Loomis Sayles Global Allocation Portfolio

Schedule of Investments as of September 30, 2023 (Unaudited)

Glossary of Abbreviations

Counterparties

(BOA)—	Bank of America N.A.
(CBNA)—	Citibank N.A.
(HSBCU)—	HSBC Bank USA
(MSC)—	Morgan Stanley & Co.
(UBSA)—	UBS AG

Currencies

(AUD)—	Australian Dollar
(BRL)—	Brazilian Real
(CAD)—	Canadian Dollar
(COP)—	Colombian Peso
(EUR)—	Euro
(GBP)—	British Pound
(IDR)—	Indonesian Rupiah
(JPY)—	Japanese Yen
(KRW)—	South Korean Won
(MXN)—	Mexican Peso
(NOK)—	Norwegian Krone
(NZD)—	New Zealand Dollar
(PLN)—	Polish Zloty
(SEK)—	Swedish Krona
(SGD)—	Singapore Dollar
(USD)—	United States Dollar
(UYU)—	Uruguayan Peso
(ZAR)—	South African Rand

Index Abbreviations

(CPI)—	Consumer Price Index
(H15)—	U.S. Treasury Yield Curve Rate T-Note Constant Maturity Index
(SOFR)—	Secured Overnight Financing Rate
(TSFR)—	Term Secured Financing Rate

Other Abbreviations

(DAC)—	Designated Activity Company
(ICE)—	Intercontinental Exchange, Inc.

BHFTI-225

Brighthouse Funds Trust I

Loomis Sayles Global Allocation Portfolio

Schedule of Investments as of September 30, 2023 (Unaudited)

Fair Value Hierarchy

Accounting principles generally accepted in the United States of America (“GAAP”) define fair market value as the price that the Portfolio would receive to sell an asset or pay to transfer a liability in an orderly transaction between market participants at the measurement date. It establishes a fair value hierarchy that prioritizes inputs to valuation methods and requires disclosure of the fair value hierarchy, separately for each major category of assets and liabilities, that segregates fair value measurements into three levels. Levels 1, 2 and 3 of the fair value hierarchy are defined as follows:

Level 1 - unadjusted quoted prices in active markets for identical investments

Level 2 - other significant observable inputs (including, but not limited to, quoted prices for similar assets or liabilities in markets that are either active or inactive; inputs other than quoted prices that are observable such as interest rates, yield curves, volatilities, prepayment speeds, loss severities, credit risks, default rates, or other market corroborated inputs)

Level 3 - significant unobservable inputs based on the best information available in the circumstances, to the extent observable inputs are unavailable (including the Portfolio’s own assumptions used in determining the fair value of investments and derivative financial instruments)

The inputs or methodologies used for valuing investments are not necessarily an indication of the risk associated with investing in them. Changes to the inputs or methodologies used may result in transfers between levels. A reconciliation of Level 3 securities, if any, will be disclosed following the fair value hierarchy table. For more information about the Portfolio’s policy regarding the valuation of investments, please refer to the Notes to Schedule of Investments.

The following table summarizes the fair value hierarchy of the Portfolio’s investments as of September 30, 2023:

Description	Level 1		Level 2		Level 3		Total
Common Stocks
Banks	$	8,611,539	$	—	$	—	$	8,611,539
Broadline Retail		11,633,260		—		—		11,633,260
Building Products		2,209,690		—		—		2,209,690
Capital Markets		20,677,041		2,786,941		—		23,463,982
Chemicals		9,974,884		—		—		9,974,884
Construction & Engineering		—		3,495,566		—		3,495,566
Consumer Staples Distribution & Retail		7,480,070		—		—		7,480,070
Electrical Equipment		—		1,774,583		—		1,774,583
Electronic Equipment, Instruments & Components		—		2,725,277		—		2,725,277
Financial Services		10,341,169		—		—		10,341,169
Health Care Providers & Services		9,505,494		—		—		9,505,494
Hotels, Restaurants & Leisure		9,333,161		—		—		9,333,161
Interactive Media & Services		11,732,384		—		—		11,732,384
IT Services		9,461,138		6,149,463		—		15,610,601
Life Sciences Tools & Services		19,126,378		—		—		19,126,378
Machinery		12,214,345		8,489,149		—		20,703,494
Oil, Gas & Consumable Fuels		4,007,210		—		—		4,007,210
Semiconductors & Semiconductor Equipment		9,966,891		14,348,024		—		24,314,915
Software		19,668,549		—		—		19,668,549
Specialty Retail		12,394,836		—		—		12,394,836
Textiles, Apparel & Luxury Goods		5,369,445		6,917,339		—		12,286,784
Total Common Stocks		193,707,484		46,686,342		—		240,393,826
Total Corporate Bonds & Notes*		—		65,795,645		—		65,795,645
Total Foreign Government*		—		25,650,037		—		25,650,037
Total U.S. Treasury & Government Agencies*		—		10,439,134		—		10,439,134
Total Convertible Bonds*		—		8,559,373		—		8,559,373
Total Floating Rate Loans*		—		848,118		—		848,118
Total Municipals*		—		504,833		—		504,833
Total Convertible Preferred Stock*		128,692		—		—		128,692
Total Mortgage-Backed Securities*		—		43,587		—		43,587
Total Short-Term Investments*		—		3,929,703		—		3,929,703

BHFTI-226

Brighthouse Funds Trust I

Loomis Sayles Global Allocation Portfolio

Schedule of Investments as of September 30, 2023 (Unaudited)

Fair Value Hierarchy—(Continued)

Description	Level 1			Level 2			Level 3		Total
Securities Lending Reinvestments
Repurchase Agreements	$	—		$	789,871		$	—	$	789,871
Mutual Funds		900,000			—			—		900,000
Total Securities Lending Reinvestments		900,000			789,871			—		1,689,871
Total Investments	$	194,736,176		$	163,246,643		$	—	$	357,982,819
Collateral for Securities Loaned (Liability)	$	—		$	(1,689,871	)	$	—	$	(1,689,871	)
Forward Contracts
Forward Foreign Currency Exchange Contracts (Unrealized Appreciation)	$	—		$	84,032		$	—	$	84,032
Forward Foreign Currency Exchange Contracts (Unrealized Depreciation)		—			(282,456	)		—		(282,456	)
Total Forward Contracts	$	—		$	(198,424	)	$	—	$	(198,424	)
Futures Contracts
Futures Contracts (Unrealized Appreciation)	$	363,032		$	—		$	—	$	363,032
Futures Contracts (Unrealized Depreciation)		(783,709	)		—			—		(783,709	)
Total Futures Contracts	$	(420,677	)	$	—		$	—	$	(420,677	)

* See Schedule of Investments for additional detailed categorizations.

BHFTI-227

Brighthouse Funds Trust I

Loomis Sayles Growth Portfolio

Schedule of Investments as of September 30, 2023 (Unaudited)

Common Stocks—98.6% of Net Assets

Security Description	Shares		Value
Aerospace & Defense—4.8%
Boeing Co. (a)		686,009	$	131,494,205
Air Freight & Logistics—1.6%
Expeditors International of Washington, Inc. (b)		395,970		45,390,041
Automobiles—6.0%
Tesla, Inc. (a)		657,797		164,593,965
Beverages—3.2%
Monster Beverage Corp. (a)		1,650,691		87,404,088
Biotechnology—5.0%
Regeneron Pharmaceuticals, Inc. (a)		78,132		64,299,511
Vertex Pharmaceuticals, Inc. (a)		210,061		73,046,612
				137,346,123
Broadline Retail—6.3%
Alibaba Group Holding Ltd. (ADR) (a)		328,002		28,450,894
Amazon.com, Inc. (a)		1,133,461		144,085,562
				172,536,456
Capital Markets—3.0%
FactSet Research Systems, Inc.		104,332		45,620,210
SEI Investments Co.		594,322		35,796,014
				81,416,224
Entertainment—6.7%
Netflix, Inc. (a)		281,298		106,218,125
Walt Disney Co. (a)		947,855		76,823,648
				183,041,773
Financial Services—7.3%
Block, Inc. (a)		503,680		22,292,877
PayPal Holdings, Inc. (a)		456,524		26,688,393
Visa, Inc. - Class A (b)		663,667		152,650,047
				201,631,317
Health Care Equipment & Supplies—1.3%
Intuitive Surgical, Inc. (a)		120,888		35,334,354
Hotels, Restaurants & Leisure—3.8%
Starbucks Corp.		558,912		51,011,898
Yum China Holdings, Inc.		320,643		17,866,228
Yum! Brands, Inc. (b)		274,034		34,237,808
				103,115,934
Interactive Media & Services—14.4%
Alphabet, Inc. - Class A (a)		938,320		122,788,555
Alphabet, Inc. - Class C (a)		449,237		59,231,899
Meta Platforms, Inc. - Class A (a)		712,482		213,894,221
				395,914,675
IT Services—1.7%
Shopify, Inc. - Class A (a)		834,679		45,548,433
Life Sciences Tools & Services—2.6%
Illumina, Inc. (a)		261,059		35,838,180
Thermo Fisher Scientific, Inc.		69,001		34,926,236
				70,764,416
Machinery—0.7%
Deere & Co. (b)		48,829		18,427,088
Pharmaceuticals—4.6%
Novartis AG (ADR) (b)		395,998		40,336,356
Novo Nordisk AS (ADR)		595,286		54,135,309
Roche Holding AG (ADR) (b)		900,816		30,564,687
				125,036,352
Semiconductors & Semiconductor Equipment—9.0%
NVIDIA Corp.		471,161		204,950,323
QUALCOMM, Inc.		383,296		42,568,854
				247,519,177
Software—16.6%
Autodesk, Inc. (a)		399,335		82,626,405
Microsoft Corp.		426,211		134,576,123
Oracle Corp.		1,200,507		127,157,701
Salesforce, Inc. (a)		400,920		81,298,558
Workday, Inc. - Class A (a)		139,138		29,893,799
				455,552,586
Total Common Stocks (Cost $2,106,586,252)				2,702,067,207
Short-Term Investment—1.5%
Repurchase Agreement—1.5%
Fixed Income Clearing Corp. Repurchase Agreement dated 09/29/23 at 2.500%, due on 10/02/23 with a maturity value of $40,203,690; collateralized by U.S. Treasury Note at 0.750%, maturing 04/30/26, with a market value of $40,999,245.		40,195,316		40,195,316
Total Short-Term Investments (Cost $40,195,316)				40,195,316
Securities Lending Reinvestments (c)—6.7%
Certificates of Deposit—0.4%
Barclays Bank PLC 5.720%, SOFR + 0.400%, 02/14/24 (d)		3,000,000		3,000,216
Mitsubishi UFJ Trust & Banking Corp.
Zero Coupon, 10/19/23		2,000,000		1,994,100
MUFG Bank Ltd. (London)
Zero Coupon, 10/18/23		1,000,000		997,200
Zero Coupon, 10/30/23		1,000,000		995,390
Zero Coupon, 11/20/23		1,000,000		992,190

BHFTI-228

Brighthouse Funds Trust I

Loomis Sayles Growth Portfolio

Schedule of Investments as of September 30, 2023 (Unaudited)

Securities Lending Reinvestments (c)—(Continued)

Security Description	Principal Amount*		Value
Certificates of Deposit—(Continued)
National Westminster Bank PLC
Zero Coupon, 02/20/24		1,000,000	$	977,320
Royal Bank of Canada 5.880%, FEDEFF PRV + 0.550%, 09/20/24 (d)		2,000,000		2,001,540
				10,957,956
Commercial Paper—0.1%
Fairway Finance Co. LLC 5.760%, SOFR + 0.450%, 10/04/23 (d)		3,000,000		3,000,055
Repurchase Agreements—4.5%
Bank of Nova Scotia Repurchase Agreement dated 09/29/23 at 5.450%, due on 10/02/23 with a maturity value of $5,002,271; collateralized by various Common Stock with an aggregate market value of $5,559,761.		5,000,000		5,000,000
Barclays Bank PLC Repurchase Agreement dated 09/29/23 at 5.670%, due on 01/02/24 with a maturity value of $10,149,625; collateralized by various Common Stock with an aggregate market value of $11,143,961.		10,000,000		10,000,000
Citigroup Global Markets, Inc.
Repurchase Agreement dated 09/29/23 at 5.470%, due on 10/06/23 with a maturity value of $4,004,254; collateralized by U.S. Treasury Obligations with rates ranging from 0.250% - 5.403%, maturity dates ranging from 01/31/24 - 10/31/25, and various Common Stock with an aggregate market value of $4,080,099.		4,000,000		4,000,000
Repurchase Agreement dated 09/29/23 at 5.620%, due on 11/03/23 with a maturity value of $1,005,464; collateralized by U.S. Treasury Obligations with rates ranging from 0.125% - 4.250%, maturity dates ranging from 07/15/25 - 11/30/28, and various Common Stock with an aggregate market value of $1,020,073.		1,000,000		1,000,000
ING Financial Markets LLC Repurchase Agreement dated 09/29/23 at 5.300%, due on 10/02/23 with a maturity value of $11,633,101; collateralized by U.S. Treasury Obligations with rates ranging from 0.000% - 4.500%, maturity dates ranging from 10/12/23 - 02/15/50, and an aggregate market value of $11,860,525.		11,627,965		11,627,965
National Bank Financial, Inc. Repurchase Agreement dated 09/29/23 at 5.320%, due on 10/02/23 with a maturity value of $2,000,887; collateralized by U.S. Treasury Obligations with rates ranging from 0.625% - 3.875%, maturity dates ranging from 01/15/26 - 11/15/41, and an aggregate market value of $2,049,559.		2,000,000		2,000,000
National Bank of Canada
Repurchase Agreement dated 09/29/23 at 5.320%, due on 10/06/23 with a maturity value of $5,505,689; collateralized by U.S. Treasury Obligations with rates ranging from 0.000% - 4.000%, maturity dates ranging from 10/12/23 - 02/15/32, and an aggregate market value of $5,636,288.		5,500,000		5,500,000
Repurchase Agreements—(Continued)
National Bank of Canada
Repurchase Agreement dated 09/29/23 at 5.450%, due on 10/06/23 with a maturity value of $20,021,194; collateralized by various Common Stock with an aggregate market value of $22,319,747.		20,000,000		20,000,000
NBC Global Finance Ltd. Repurchase Agreement dated 09/29/23 at 5.460%, due on 10/02/23 with a maturity value of $33,015,015; collateralized by various Common Stock with an aggregate market value of $36,827,830.		33,000,000		33,000,000
Royal Bank of Canada Toronto Repurchase Agreement dated 09/29/23 at 5.590%, due on 11/03/23 with a maturity value of $4,021,739; collateralized by various Common Stock with an aggregate market value of $4,445,135.		4,000,000		4,000,000
Societe Generale
Repurchase Agreement dated 09/29/23 at 5.340%, due on 10/02/23 with a maturity value of $2,000,890; collateralized by U.S. Treasury Obligations with rates ranging from 0.375% - 5.403%, maturity dates ranging from 01/31/24 - 02/15/37, and an aggregate market value of $2,044,843.		2,000,000		2,000,000
Repurchase Agreement dated 09/29/23 at 5.420%, due on 10/02/23 with a maturity value of $100,257; collateralized by various Common Stock with an aggregate market value of $111,538.		100,212		100,212
TD Prime Services LLC Repurchase Agreement dated 09/29/23 at 5.420%, due on 10/02/23 with a maturity value of $24,981,278; collateralized by various Common Stock with an aggregate market value of $27,479,426.		24,970,000		24,970,000
				123,198,177
Mutual Funds—1.7%
Dreyfus Treasury Obligations Cash Management Fund, Institutional Class 5.230% (e)		5,000,000		5,000,000
Fidelity Investments Money Market Government Portfolio, Class I 5.230% (e)		5,000,000		5,000,000
HSBC U.S. Government Money Market Fund, Class I 5.270% (e)		3,500,000		3,500,000
Morgan Stanley Liquidity Funds Government Portfolio, Institutional Shares 5.270% (e)		10,000,000		10,000,000
RBC U.S. Government Money Market Fund, Institutional Shares 5.270% (e)		2,000,000		2,000,000
State Street Institutional U.S. Government Money Market Fund, Premier Class 5.290% (e)		10,000,000		10,000,000
STIT-Government & Agency Portfolio, Institutional Class 5.260% (e)		5,000,000		5,000,000

BHFTI-229

Brighthouse Funds Trust I

Loomis Sayles Growth Portfolio

Schedule of Investments as of September 30, 2023 (Unaudited)

Securities Lending Reinvestments (c)—(Continued)

Security Description	Shares		Value
Mutual Funds—(Continued)
Western Asset Institutional Government Reserves Fund, Institutional Class 5.250% (e)		7,300,000	$	7,300,000
				47,800,000
Total Securities Lending Reinvestments (Cost $184,956,289)				184,956,188
Total Investments—106.8% (Cost $2,331,737,857)				2,927,218,711
Other assets and liabilities (net)—(6.8)%				(187,276,195	)
Net Assets—100.0%			$	2,739,942,516

*	Principal amount stated in U.S. dollars unless otherwise noted.
(a)	Non-income producing security.
(b)	All or a portion of the security was held on loan. As of September 30, 2023, the market value of securities loaned was $179,932,716 and the collateral received consisted of cash in the amount of $184,907,639. The cash collateral investments are disclosed in the Schedule of Investments and categorized as Securities Lending Reinvestments.
(c)	Represents investment of cash collateral received from securities on loan as of September 30, 2023.
(d)	Variable or floating rate security. The stated rate represents the rate at September 30, 2023. Maturity date shown for callable securities reflects the earliest possible call date. For securities based on a published reference index and spread, the index and spread are indicated in the description above. For certain variable rate securities, the coupon rate is determined by the issuer/agent based on current market conditions. For certain asset- and mortgage-backed securities, the coupon rate may fluctuate based on changes of the underlying collateral or prepayments of principal. These securities do not indicate a reference index and spread in their description above.
(e)	The rate shown represents the annualized seven-day yield as of September 30, 2023.

Glossary of Abbreviations

Index Abbreviations

(FEDEFF PRV)—	Effective Federal Funds 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 September 30, 2023:

Description	Level 1		Level 2			Level 3		Total
Total Common Stocks*	$	2,702,067,207	$	—		$	—	$	2,702,067,207
Total Short-Term Investment*		—		40,195,316			—		40,195,316
Securities Lending Reinvestments
Certificates of Deposit		—		10,957,956			—		10,957,956
Commercial Paper		—		3,000,055			—		3,000,055
Repurchase Agreements		—		123,198,177			—		123,198,177
Mutual Funds		47,800,000		—			—		47,800,000
Total Securities Lending Reinvestments		47,800,000		137,156,188			—		184,956,188
Total Investments	$	2,749,867,207	$	177,351,504		$	—	$	2,927,218,711
Collateral for Securities Loaned (Liability)	$	—	$	(184,907,639	)	$	—	$	(184,907,639	)

* See Schedule of Investments for additional detailed categorizations.

BHFTI-230

Brighthouse Funds Trust I

MetLife Multi-Index Targeted Risk Portfolio

Schedule of Investments as of September 30, 2023 (Unaudited)

Mutual Funds—76.4% of Net Assets

Security Description	Shares/ Principal Amount*		Value
Affiliated Investment Companies—76.4%
MetLife Aggregate Bond Index Portfolio (Class A) (a)		54,861,581	$	489,365,305
MetLife Mid Cap Stock Index Portfolio (Class A) (a)		3,811,574		57,669,118
MetLife MSCI EAFE Index Portfolio (Class A) (a)		9,955,148		133,697,640
MetLife Russell 2000 Index Portfolio (Class A) (a)		2,263,745		34,680,579
MetLife Stock Index Portfolio (Class A) (a)		3,581,485		194,653,683
Total Mutual Funds (Cost $1,009,750,197)				910,066,325
Short-Term Investments—23.7%
Repurchase Agreement—0.0%
Fixed Income Clearing Corp. Repurchase Agreement dated 09/29/23 at 2.500%, due on 10/02/23 with a maturity value of $81,958; collateralized by U.S. Treasury Note at 0.750%, maturing 04/30/26, with a market value of $83,641.		81,942		81,942
U.S. Treasury—23.7%
U.S. Treasury Bills 3.561%, 10/03/23 (b)		47,200,000		47,193,102
5.050%, 10/17/23 (b)		47,500,000		47,395,648
5.211%, 11/02/23 (b) (c) (d)		57,500,000		57,238,071
5.280%, 11/14/23 (b)		131,000,000		130,172,810
				281,999,631
Total Short-Term Investments (Cost $282,039,706)				282,081,573
Total Investments—100.1% (Cost $1,291,789,903)				1,192,147,898
Other assets and liabilities (net)—(0.1)%				(1,381,729	)
Net Assets—100.0%			$	1,190,766,169

*	Principal amount stated in U.S. dollars unless otherwise noted.
(a)	A Portfolio of Brighthouse Funds Trust II.
(b)	The rate shown represents current yield to maturity.
(c)	All or a portion of the security was pledged as collateral against open futures contracts. As of September 30, 2023, the market value of securities pledged was $22,895,229.
(d)	All or a portion of the security was pledged as collateral against open centrally cleared swap contracts. As of September 30, 2023, the market value of securities pledged was $23,890,673.

Futures Contracts

Futures Contracts—Long	Expiration Date		Number of Contracts		Notional Amount			Value/ Unrealized Appreciation/ (Depreciation)
MSCI EAFE Index Mini Futures		12/15/23		1,244		USD	126,981,300	$	(4,101,567	)
Russell 2000 Index E-Mini Futures		12/15/23		354		USD	31,835,220		(1,305,039	)
S&P 500 Index E-Mini Futures		12/15/23		937		USD	202,649,675		(8,703,840	)
S&P Midcap 400 Index E-Mini Futures		12/15/23		212		USD	53,432,480		(1,721,769	)
Net Unrealized Depreciation								$	(15,832,215	)

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	3.170%	Annually		07/14/33		USD	69,000,000	$	(6,035,906	)	$	(32,670	)	$	(6,003,236	)
Pay	12M SOFR		Annually	3.380%	Annually		08/15/33		USD	69,000,000		(4,919,638	)		(18,866	)		(4,900,772	)
Pay	12M SOFR		Annually	3.460%	Annually		09/15/33		USD	69,000,000		(4,505,927	)		(7,042	)		(4,498,885	)
Pay	12M SOFR		Annually	3.560%	Annually		10/13/33		USD	69,000,000		(3,923,816	)		11,458			(3,935,274	)
Pay	12M SOFR		Annually	3.730%	Annually		11/07/33		USD	69,000,000		(2,915,333	)		3,743			(2,919,076	)
Pay	12M SOFR		Annually	4.000%	Annually		12/15/33		USD	69,000,000		(1,328,195	)		13,408			(1,341,603	)
Totals											$	(23,628,815	)	$	(29,969	)	$	(23,598,846	)

BHFTI-231

Brighthouse Funds Trust I

MetLife Multi-Index Targeted Risk Portfolio

Schedule of Investments as of September 30, 2023 (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 September 30, 2023:

Description	Level 1			Level 2			Level 3		Total
Mutual Funds
Affiliated Investment Companies	$	910,066,325		$	—		$	—	$	910,066,325
Total Short-Term Investments*		—			282,081,573			—		282,081,573
Total Investments	$	910,066,325		$	282,081,573		$	—	$	1,192,147,898
Futures Contracts
Futures Contracts (Unrealized Depreciation)	$	(15,832,215	)	$	—		$	—	$	(15,832,215	)
Centrally Cleared Swap Contracts
Centrally Cleared Swap Contracts (Unrealized Depreciation)	$	—		$	(23,598,846	)	$	—	$	(23,598,846	)

* See Schedule of Investments for additional detailed categorizations.

BHFTI-232

Brighthouse Funds Trust I

Morgan Stanley Discovery Portfolio

Schedule of Investments as of September 30, 2023 (Unaudited)

Common Stocks—92.2% of Net Assets

Security Description	Shares		Value
Biotechnology—2.1%
Alnylam Pharmaceuticals, Inc. (a)		5,197	$	920,389
Intellia Therapeutics, Inc. (a) (b)		118,279		3,739,982
ProKidney Corp. (a) (b)		520,054		2,381,847
Roivant Sciences Ltd. (a)		1,139,640		13,310,995
				20,353,213
Broadline Retail—7.1%
Global-e Online Ltd. (a) (b)		1,696,903		67,434,925
Capital Markets—0.2%
Coinbase Global, Inc. - Class A (a) (b)		31,679		2,378,459
Chemicals—0.4%
Ginkgo Bioworks Holdings, Inc. (a) (b)		2,213,499		4,006,433
Entertainment—4.6%
ROBLOX Corp. - Class A (a) (b)		1,500,967		43,468,004
Financial Services—12.0%
Adyen NV (a)		32,465		24,065,246
Affirm Holdings, Inc. (a) (b)		3,199,637		68,056,279
Toast, Inc. - Class A (a) (b)		1,168,419		21,884,488
				114,006,013
Ground Transportation—2.2%
Grab Holdings Ltd. - Class A (a) (b)		5,825,956		20,623,884
Health Care Equipment & Supplies—0.8%
DexCom, Inc. (a)		52,942		4,939,489
Penumbra, Inc. (a) (b)		10,489		2,537,394
				7,476,883
Health Care Providers & Services—5.2%
Agilon health, Inc. (a) (b)		2,760,303		49,022,981
Health Care Technology—1.4%
Doximity, Inc. - Class A (a) (b)		611,118		12,967,924
Hotels, Restaurants & Leisure—6.3%
DoorDash, Inc. - Class A (a) (b)		751,716		59,738,871
Interactive Media & Services—0.1%
Snap, Inc. - Class A (a) (b)		109,888		979,102
IT Services—9.7%
Cloudflare, Inc. - Class A (a)		1,086,307		68,480,793
MongoDB, Inc. (a) (b)		69,018		23,870,566
				92,351,359
Leisure Products—1.6%
Peloton Interactive, Inc. - Class A (a) (b)		2,954,168		14,918,548
Life Sciences Tools & Services—1.3%
10X Genomics, Inc. - Class A (a) (b)		304,798		12,572,918
Media—7.3%
Trade Desk, Inc. - Class A (a)		891,246		69,650,875
Pharmaceuticals—4.6%
Royalty Pharma PLC - Class A		1,614,550		43,818,887
Semiconductors & Semiconductor Equipment—0.1%
Enphase Energy, Inc. (a)		7,973		957,956
Software—18.4%
Aurora Innovation, Inc. (a) (b)		5,272,337		12,389,992
Bill Holdings, Inc. (a) (b)		443,655		48,167,623
Gitlab, Inc. - Class A (a)		489,314		22,126,779
HubSpot, Inc. (a)		19,638		9,671,715
Klaviyo, Inc. - Class A (a)		152,997		5,278,397
MicroStrategy, Inc. - Class A (a) (b)		23,907		7,848,190
Procore Technologies, Inc. (a) (b)		412,732		26,959,654
Samsara, Inc. - Class A (a) (b)		1,628,620		41,057,510
Unity Software, Inc. (a)		30,366		953,189
				174,453,049
Specialty Retail—6.8%
Carvana Co. (a) (b)		988,194		41,484,384
Wayfair, Inc. - Class A (a) (b)		381,238		23,091,586
				64,575,970
Total Common Stocks (Cost $1,242,428,205)				875,756,254
Convertible Preferred Stocks—2.4%
Software—2.4%
Databricks, Inc.
Series H † (a) (c) (d)		229,833		16,892,725
Series I † (a) (c) (d)		83,793		6,158,786
Total Convertible Preferred Stocks (Cost $23,047,864)				23,051,511
Escrow Shares—0.0%
Broadline Retail—0.0%
Flipkart Ltd. † (a) (c) (d) (Cost $0)		60,812		24,933
Warrants—0.0%
Chemicals—0.0%
Ginkgo Bioworks Holdings, Inc., Expires 08/01/26 (a) (Cost $348,553)		104,671		23,551

BHFTI-233

Brighthouse Funds Trust I

Morgan Stanley Discovery Portfolio

Schedule of Investments as of September 30, 2023 (Unaudited)

Short-Term Investment—5.5%

Security Description	Principal Amount*		Value
Repurchase Agreement—5.5%
Fixed Income Clearing Corp. Repurchase Agreement dated 09/29/23 at 2.500%, due on 10/02/23 with a maturity value of $52,757,965; collateralized by U.S. Treasury Note at 0.750%, maturing 04/30/26, with a market value of $53,801,968.		52,746,977	$	52,746,977
Total Short-Term Investments (Cost $52,746,977)				52,746,977
Securities Lending Reinvestments (e)—16.8%
Certificates of Deposit—6.0%
Bank of America N.A. 5.700%, FEDEFF PRV + 0.370%, 11/17/23 (f)		2,000,000		2,000,270
Bank of Montreal 6.100%, SOFR + 0.790%, 11/08/23 (f)		5,000,000		5,003,215
Barclays Bank PLC 5.720%, SOFR + 0.400%, 02/14/24 (f)		3,000,000		3,000,216
Canadian Imperial Bank of Commerce (NY) 5.690%, SOFR + 0.380%, 12/12/23 (f)		2,000,000		2,000,972
5.710%, SOFR + 0.400%, 10/13/23 (f)		5,000,000		5,000,490
Credit Agricole Corporate & Investment Bank 5.570%, 11/01/23		4,000,000		4,000,532
Credit Industriel et Commercial 5.510%, SOFR + 0.200%, 12/01/23 (f)		4,000,000		3,999,648
Mizuho Bank Ltd. 5.610%, SOFR + 0.290%, 10/17/23 (f)		5,000,000		5,000,245
Nordea Bank Abp 5.660%, SOFR + 0.350%, 10/23/23 (f)		4,000,000		4,000,608
Oversea-Chinese Banking Corp. Ltd. 5.550%, SOFR + 0.230%, 11/13/23 (f)		5,000,000		5,000,730
Royal Bank of Canada 5.880%, FEDEFF PRV + 0.550%, 09/20/24 (f)		3,000,000		3,002,310
Standard Chartered Bank 5.680%, SOFR + 0.370%, 03/12/24 (f)		2,000,000		2,000,000
Sumitomo Mitsui Trust Bank Ltd. 5.580%, SOFR + 0.270%, 10/23/23 (f)		3,000,000		3,000,159
Svenska Handelsbanken AB 5.660%, SOFR + 0.340%, 10/31/23 (f)		3,000,000		3,000,315
Toronto-Dominion Bank 5.730%, FEDEFF PRV + 0.400%, 02/13/24 (f)		3,000,000		3,001,740
5.780%, FEDEFF PRV + 0.450%, 10/13/23 (f)		4,000,000		4,000,380
				57,011,830
Commercial Paper—1.5%
National Australia Bank Ltd. 5.660%, SOFR + 0.350%, 12/05/23 (f)		3,000,000		3,000,660
Old Line Funding LLC 5.620%, SOFR + 0.300%, 12/28/23 (f)		2,000,000		1,999,998
Skandinaviska Enskilda Banken AB 5.680%, SOFR + 0.360%, 11/15/23 (f)		3,000,000		3,000,810
UBS AG 5.600%, SOFR + 0.280%, 11/27/23 (f)		6,000,000		6,000,000
				14,001,468
Repurchase Agreements—6.4%
Citigroup Global Markets, Inc. Repurchase Agreement dated 09/29/23 at 5.470%, due on 10/06/23 with a maturity value of $2,402,553; collateralized by U.S. Treasury Obligations with rates ranging from 0.250% - 5.403%, maturity dates ranging from 01/31/24 - 10/31/25, and various Common Stock with an aggregate market value of $2,448,059		3,700,000	$	3,700,000
Repurchase Agreement dated 09/29/23 at 5.870%, due on 04/01/24 with a maturity value of $8,241,322; collateralized by U.S. Treasury Obligations with rates ranging from 2.000% - 2.875%, maturity dates ranging from 02/15/25 - 05/15/49, and various Common Stock with an aggregate market value of $8,503,770		5,000,000		5,000,000
ING Financial Markets LLC Repurchase Agreement dated 09/29/23 at 5.300%, due on 10/02/23 with a maturity value of $10,820,998; collateralized by U.S. Treasury Obligations with rates ranging from 0.000% - 4.500%, maturity dates ranging from 10/12/23 - 02/15/50, and an aggregate market value of $11,032,546		10,223,619		10,223,619
National Bank of Canada Repurchase Agreement dated 09/29/23 at 5.320%, due on 10/06/23 with a maturity value of $4,404,552; collateralized by U.S. Treasury Obligations with rates ranging from 0.000% - 4.000%, maturity dates ranging from 10/12/23 - 02/15/32, and an aggregate market value of $4,509,030		6,600,000		6,600,000
Repurchase Agreement dated 09/29/23 at 5.450%, due on 10/06/23 with a maturity value of $20,021,194; collateralized by various Common Stock with an aggregate market value of $22,319,747		20,000,000		20,000,000
NBC Global Finance Ltd. Repurchase Agreement dated 09/29/23 at 5.460%, due on 10/02/23 with a maturity value of $35,015,925; collateralized by various Common Stock with an aggregate market value of $39,059,820		2,000,000		2,000,000
Royal Bank of Canada Toronto Repurchase Agreement dated 09/29/23 at 5.590%, due on 11/03/23 with a maturity value of $8,043,478; collateralized by various Common Stock with an aggregate market value of $8,890,269		13,000,000		13,000,000
				60,523,619
Time Deposit—0.7%
National Bank of Canada 5.370%, OBFR + 0.050%, 10/06/23 (f)		7,000,000		7,000,000
Mutual Funds—2.2%
Allspring Government Money Market Fund, Select Class 5.270% (g)		1,000,000		1,000,000
Dreyfus Treasury Obligations Cash Management Fund, Institutional Class 5.230% (g)		2,000,000		2,000,000
Goldman Sachs Financial Square Government Fund, Institutional Shares 5.240% (g)		1,000,000		1,000,000

BHFTI-234

Brighthouse Funds Trust I

Morgan Stanley Discovery Portfolio

Schedule of Investments as of September 30, 2023 (Unaudited)

Securities Lending Reinvestments (e)—(Continued)

Security Description	Shares		Value
Mutual Funds—(Continued)
RBC U.S. Government Money Market Fund, Institutional Shares 5.270% (g)		5,000,000	$	5,000,000
State Street Institutional U.S. Government Money Market Fund, Premier Class 5.290% (g)		10,000,000		10,000,000
STIT-Government & Agency Portfolio, Institutional Class 5.260% (g)		2,000,000		2,000,000
				21,000,000
Total Securities Lending Reinvestments (Cost $159,523,619)				159,536,917
Total Purchased Options—0.3% (h) (Cost $2,899,278)				3,031,320
Total Investments—117.2% (Cost $1,480,994,496)				1,114,171,463
Other assets and liabilities (net)—(17.2)%				(163,884,789	)
Net Assets—100.0%			$	950,286,674

*	Principal and notional amounts stated in U.S. dollars unless otherwise noted.
†	Restricted securities are not registered under the Securities Act of 1933 and are subject to legal restrictions on resale. These securities generally may be resold in transactions exempt from registration or to the public if the securities are subsequently registered. Disposal of these securities may involve time-consuming negotiations and prompt sale at an acceptable price may be difficult. As of September 30, 2023, the market value of restricted securities was $23,076,444, which is 2.4% of net assets. See details shown in the Restricted Securities table that follows.
(a)	Non-income producing security.
(b)	All or a portion of the security was held on loan. As of September 30, 2023, the market value of securities loaned was $273,009,520 and the collateral received consisted of cash in the amount of $159,523,619 and non-cash collateral with a value of $119,024,127. 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)	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 subject to oversight by the Board of Trustees. As of September 30, 2023, these securities represent 2.4% of net assets.
(e)	Represents investment of cash collateral received from securities on loan as of September 30, 2023.
(f)	Variable or floating rate security. The stated rate represents the rate at September 30, 2023. Maturity date shown for callable securities reflects the earliest possible call date. For securities based on a published reference index and spread, the index and spread are indicated in the description above. For certain variable rate securities, the coupon rate is determined by the issuer/agent based on current market conditions. For certain asset- and mortgage-backed securities, the coupon rate may fluctuate based on changes of the underlying collateral or prepayments of principal. These securities do not indicate a reference index and spread in their description above.
(g)	The rate shown represents the annualized seven-day yield as of September 30, 2023.
(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		229,833	$	16,889,078	$	16,892,725
Databricks, Inc. - Series I		09/14/23		83,793		6,158,786		6,158,786
Flipkart Ltd.		08/20/18		60,812		—		24,933
							$	23,076,444

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	7.873	GSI		10/09/23		1,996,477		USD	1,996,477	$	9,612	$	2	$	(9,610	)
USD Call/CNH Put	CNH	7.428	JPMC		01/17/24		188,118,873		USD	188,118,873		885,538		879,644		(5,894	)
USD Call/CNH Put	CNH	7.570	SCB		05/24/24		231,598,790		USD	231,598,790		979,895		1,199,682		219,787
USD Call/CNH Put	CNH	7.790	JPMC		08/12/24		247,399,342		USD	247,399,342		1,024,233		951,992		(72,241	)
Totals											$	2,899,278	$	3,031,320	$	132,042

Glossary of Abbreviations

Counterparties

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

Currencies

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

Index Abbreviations

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

BHFTI-235

Brighthouse Funds Trust I

Morgan Stanley Discovery Portfolio

Schedule of Investments as of September 30, 2023 (Unaudited)

Fair Value Hierarchy

Accounting principles generally accepted in the United States of America (“GAAP”) define fair market value as the price that the Portfolio would receive to sell an asset or pay to transfer a liability in an orderly transaction between market participants at the measurement date. It establishes a fair value hierarchy that prioritizes inputs to valuation methods and requires disclosure of the fair value hierarchy, separately for each major category of assets and liabilities, that segregates fair value measurements into three levels. Levels 1, 2 and 3 of the fair value hierarchy are defined as follows:

Level 1 - unadjusted quoted prices in active markets for identical investments

Level 2 - other significant observable inputs (including, but not limited to, quoted prices for similar assets or liabilities in markets that are either active or inactive; inputs other than quoted prices that are observable such as interest rates, yield curves, volatilities, prepayment speeds, loss severities, credit risks, default rates, or other market corroborated inputs)

Level 3 - significant unobservable inputs based on the best information available in the circumstances, to the extent observable inputs are unavailable (including the Portfolio’s own assumptions used in determining the fair value of investments and derivative financial instruments)

The inputs or methodologies used for valuing investments are not necessarily an indication of the risk associated with investing in them. Changes to the inputs or methodologies used may result in transfers between levels. A reconciliation of Level 3 securities, if any, will be disclosed following the fair value hierarchy table. For more information about the Portfolio’s policy regarding the valuation of investments, please refer to the Notes to Schedule of Investments.

The following table summarizes the fair value hierarchy of the Portfolio’s investments as of September 30, 2023:

Description	Level 1		Level 2			Level 3		Total
Common Stocks
Biotechnology	$	20,353,213	$	—		$	—	$	20,353,213
Broadline Retail		67,434,925		—			—		67,434,925
Capital Markets		2,378,459		—			—		2,378,459
Chemicals		4,006,433		—			—		4,006,433
Entertainment		43,468,004		—			—		43,468,004
Financial Services		89,940,767		24,065,246			—		114,006,013
Ground Transportation		20,623,884		—			—		20,623,884
Health Care Equipment & Supplies		7,476,883		—			—		7,476,883
Health Care Providers & Services		49,022,981		—			—		49,022,981
Health Care Technology		12,967,924		—			—		12,967,924
Hotels, Restaurants & Leisure		59,738,871		—			—		59,738,871
Interactive Media & Services		979,102		—			—		979,102
IT Services		92,351,359		—			—		92,351,359
Leisure Products		14,918,548		—			—		14,918,548
Life Sciences Tools & Services		12,572,918		—			—		12,572,918
Media		69,650,875		—			—		69,650,875
Pharmaceuticals		43,818,887		—			—		43,818,887
Semiconductors & Semiconductor Equipment		957,956		—			—		957,956
Software		174,453,049		—			—		174,453,049
Specialty Retail		64,575,970		—			—		64,575,970
Total Common Stocks		851,691,008		24,065,246			—		875,756,254
Total Convertible Preferred Stocks*		—		—			23,051,511		23,051,511
Total Escrow Shares*		—		—			24,933		24,933
Total Warrants*		23,551		—			—		23,551
Total Short-Term Investment*		—		52,746,977			—		52,746,977
Securities Lending Reinvestments
Certificates of Deposit		—		57,011,830			—		57,011,830
Commercial Paper		—		14,001,468			—		14,001,468
Repurchase Agreements		—		60,523,619			—		60,523,619
Time Deposit		—		7,000,000			—		7,000,000
Mutual Funds		21,000,000		—			—		21,000,000
Total Securities Lending Reinvestments		21,000,000		138,536,917			—		159,536,917
Total Purchased Options at Value	$	—	$	3,031,320		$	—	$	3,031,320
Total Investments	$	872,714,559	$	218,380,460		$	23,076,444	$	1,114,171,463
Collateral for Securities Loaned (Liability)	$	—	$	(159,523,619	)	$	—	$	(159,523,619	)

* See Schedule of Investments for additional detailed categorizations.

BHFTI-236

Brighthouse Funds Trust I

Morgan Stanley Discovery Portfolio

Schedule of Investments as of September 30, 2023 (Unaudited)

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, 2022		Purchases		Change in Unrealized Appreciation/ (Depreciation)		Balance as of September 30, 2023		Change in Unrealized Appreciation/ (Depreciation) from Investments Held at September 30, 2023
Convertible Preferred Stocks
Software	$	13,789,980	$	6,158,785	$	3,102,746	$	23,051,511	$	3,102,746
Escrow Shares
Broadline Retail		24,933		—		—		24,933		—
	$	13,814,913	$	6,158,785	$	3,102,746	$	23,076,444	$	3,102,746

	Fair Value at September 30, 2023		Valuation Technique(s)	Unobservable Input	Range						Weighted Average			Relationship Between Fair Value and Input; if input value increases then Fair Value:
Convertible Preferred Stocks
Software	$	23,051,511	Market Transaction Method	Precedent Transaction	$	73.50		$	73.50		$	73.50			Increase
Escrow Shares
Broadline Retail		24,933	Liquidation Value	Estimated Distribution Per Share	$	0.84		$	0.84		$	0.84			Increase
				Discount for Lack Certainty		50.00	%		50.00	%		50.00	%		Decrease

BHFTI-237

Brighthouse Funds Trust I

MFS Research International Portfolio

Schedule of Investments as of September 30, 2023 (Unaudited)

Common Stocks—98.6% of Net Assets

Security Description	Shares		Value
Australia—4.2%
APA Group		778,757	$	4,150,397
Aristocrat Leisure Ltd.		343,663		9,018,141
carsales.com Ltd.		352,512		6,319,064
CSL Ltd.		76,010		12,246,531
Macquarie Group Ltd.		105,663		11,369,270
SEEK Ltd.		228,343		3,232,169
Woodside Energy Group Ltd.		539,447		12,568,315
				58,903,887
Canada—1.8%
Constellation Software, Inc.		7,963		16,439,396
RB Global, Inc. (a)		130,545		8,173,419
				24,612,815
China—1.4%
China Resources Gas Group Ltd.		1,391,124		4,045,668
NXP Semiconductors NV		44,296		8,855,656
Yum China Holdings, Inc.		127,079		7,080,842
				19,982,166
Denmark—3.3%
Novo Nordisk AS		472,726		43,001,917
Orsted AS		51,288		2,792,291
				45,794,208
France—12.9%
BNP Paribas SA		361,198		22,994,927
Cie Generale des Etablissements Michelin SCA		286,473		8,780,341
Danone SA		158,433		8,729,011
Legrand SA		180,981		16,609,844
LVMH Moet Hennessy Louis Vuitton SE		48,568		36,640,997
Sanofi		109,859		11,788,111
Schneider Electric SE		240,113		39,585,695
Thales SA		61,711		8,658,874
TotalEnergies SE		410,588		27,019,711
				180,807,511
Germany—6.0%
Bayer AG		180,417		8,665,413
E.ON SE		680,712		8,063,406
GEA Group AG		376,792		13,927,327
LEG Immobilien SE (b)		220,329		15,219,801
Merck KGaA		90,939		15,199,626
MTU Aero Engines AG		59,055		10,729,511
Symrise AG		121,786		11,632,632
				83,437,716
Greece—0.4%
Hellenic Telecommunications Organization SA		360,759		5,270,973
Hong Kong—3.2%
AIA Group Ltd.		2,012,228		16,277,046
CLP Holdings Ltd.		816,500		6,021,367
Hong Kong Exchanges & Clearing Ltd.		312,000		11,631,956
Hong Kong—(Continued)
Techtronic Industries Co. Ltd.		1,120,000		10,874,049
				44,804,418
India—1.3%
HDFC Bank Ltd.		609,901		11,165,616
Reliance Industries Ltd.		254,820		7,143,791
				18,309,407
Ireland—1.0%
Bank of Ireland Group PLC		376,931		3,701,317
Flutter Entertainment PLC (b)		24,988		4,071,383
Ryanair Holdings PLC (ADR) (b)		68,784		6,686,493
				14,459,193
Italy—1.1%
Eni SpA		913,837		14,677,551
Japan—19.3%
Bridgestone Corp.		241,800		9,424,344
Daikin Industries Ltd.		109,000		17,100,490
Denso Corp.		664,000		10,656,968
Fujitsu Ltd. (a)		141,000		16,589,606
Hitachi Ltd.		432,000		26,781,560
Kansai Paint Co. Ltd.		313,600		4,481,890
Kao Corp.		288,900		10,727,641
KDDI Corp. (a)		352,600		10,793,541
Kirin Holdings Co. Ltd.		608,400		8,533,290
Koito Manufacturing Co. Ltd. (a)		502,300		7,576,800
Kyocera Corp.		182,000		9,230,631
Kyowa Kirin Co. Ltd.		673,000		11,720,447
Mitsubishi Electric Corp.		1,019,200		12,600,418
Mitsubishi UFJ Financial Group, Inc.		1,716,600		14,560,097
Nitto Denko Corp. (a)		175,500		11,505,093
Nomura Research Institute Ltd. (a)		515,000		13,402,342
Persol Holdings Co. Ltd. (a)		2,497,000		4,062,252
Rohm Co. Ltd. (a)		313,200		5,927,181
Santen Pharmaceutical Co. Ltd. (a)		886,900		8,123,806
Secom Co. Ltd.		61,200		4,150,260
Seven & i Holdings Co. Ltd. (a)		69,500		2,721,591
SMC Corp.		38,500		17,233,816
SoftBank Group Corp.		149,600		6,331,306
Terumo Corp.		270,300		7,160,811
Toyota Industries Corp.		150,500		11,847,908
Yamaha Corp.		150,900		4,120,803
ZOZO, Inc. (a)		199,400		3,657,313
				271,022,205
Macau—0.4%
Sands China Ltd. (b)		1,796,800		5,464,010
Netherlands—4.9%
Akzo Nobel NV		148,299		10,701,928
ASML Holding NV		12,838		7,538,976
Euronext NV		254,102		17,683,339
Heineken NV		105,082		9,243,807

BHFTI-238

Brighthouse Funds Trust I

MFS Research International Portfolio

Schedule of Investments as of September 30, 2023 (Unaudited)

Common Stocks—(Continued)

Security Description	Shares		Value
Netherlands—(Continued)
QIAGEN NV (b)		361,890	$	14,646,414
Wolters Kluwer NV		74,791		9,057,618
				68,872,082
Portugal—1.1%
Galp Energia SGPS SA		1,046,172		15,497,122
Singapore—0.7%
DBS Group Holdings Ltd.		425,900		10,457,758
South Korea—1.1%
Samsung Electronics Co. Ltd.		307,674		15,588,293
Spain—2.8%
Amadeus IT Group SA		264,118		15,916,727
Cellnex Telecom SA		238,461		8,291,623
Iberdrola SA		1,346,925		15,038,978
				39,247,328
Switzerland—12.7%
Cie Financiere Richemont SA - Class A		120,878		14,728,071
Glencore PLC		3,395,768		19,419,743
Julius Baer Group Ltd.		300,273		19,243,254
Nestle SA		359,105		40,550,635
Roche Holding AG		148,203		40,424,618
Sika AG		51,632		13,086,505
UBS Group AG		603,094		14,907,132
Zurich Insurance Group AG		34,843		15,966,365
				178,326,323
Taiwan—0.9%
Taiwan Semiconductor Manufacturing Co. Ltd.		747,468		12,129,979
Thailand—0.6%
Advanced Info Service PCL		1,359,300		8,511,374
United Kingdom—10.0%
Beazley PLC		1,853,458		12,465,675
British American Tobacco PLC		553,173		17,365,232
Burberry Group PLC		186,735		4,330,845
ConvaTec Group PLC		3,246,090		8,629,172
Croda International PLC		188,125		11,276,748
Diageo PLC		636,641		23,478,575
Hiscox Ltd.		641,046		7,842,562
London Stock Exchange Group PLC		211,553		21,237,145
NatWest Group PLC		6,562,869		18,778,667
Weir Group PLC		357,221		8,243,169
Whitbread PLC		150,461		6,329,362
				139,977,152
United States—7.5%
Aon PLC - Class A		63,311		20,526,692
Cadence Design Systems, Inc. (b)		57,572		13,489,120
United States—(Continued)
Linde PLC		121,719		45,322,070
NIKE, Inc. - Class B		54,982		5,257,379
Visa, Inc. - Class A (a)		64,128		14,750,081
Willis Towers Watson PLC		30,028		6,274,651
				105,619,993
Total Common Stocks (Cost $1,218,952,723)				1,381,773,464
Warrants—0.0%
Canada—0.0%
Constellation Software, Inc. Expires 03/31/40 (b)		9,715		0
Switzerland—0.0%
Cie Financiere Richemont SA Expires 11/22/23 (b)		298,538		221,714
Total Warrants (Cost $0)				221,714
Short-Term Investment—0.9%
Repurchase Agreement—0.9%
Fixed Income Clearing Corp. Repurchase Agreement dated 09/29/23 at 2.500%, due on 10/02/23 with a maturity value of $12,006,966; collateralized by U.S. Treasury Note at 0.750%, maturing 04/30/26, with a market value of $12,244,603.		12,004,465		12,004,465
Total Short-Term Investments (Cost $12,004,465)				12,004,465
Securities Lending Reinvestments (c)—0.2%
Repurchase Agreements—0.1%
Citigroup Global Markets, Inc. Repurchase Agreement dated 09/29/23 at 5.470%, due on 10/06/23 with a maturity value of $56,706; collateralized by U.S. Treasury Obligations with rates ranging from 0.250% - 5.403%, maturity dates ranging from 01/31/24 - 10/31/25, and various Common Stock with an aggregate market value of $57,780.		56,646		56,646
ING Financial Markets LLC Repurchase Agreement dated 09/29/23 at 5.300%, due on 10/02/23 with a maturity value of $249,331; collateralized by U.S. Treasury Obligations with rates ranging from 0.000% - 4.500%, maturity dates ranging from 10/12/23 -02/15/50, and an aggregate market value of $254,205.		249,221		249,221

BHFTI-239

Brighthouse Funds Trust I

MFS Research International Portfolio

Schedule of Investments as of September 30, 2023 (Unaudited)

Securities Lending Reinvestments (c)—(Continued)

Security Description	Shares/ Principal Amount*		Value
Repurchase Agreements—(Continued)
National Bank of Canada
Repurchase Agreement dated 09/29/23 at 5.320%, due on 10/06/23 with a maturity value of $300,310; collateralized by U.S. Treasury Obligations with rates ranging from 0.000% - 4.000%, maturity dates ranging from 10/12/23 - 02/15/32, and an aggregate market value of $307,434.		300,000	$	300,000
Repurchase Agreement dated 09/29/23 at 5.450%, due on 10/06/23 with a maturity value of $100,106; collateralized by various Common Stock with an aggregate market value of $111,599.		100,000		100,000
				705,867
Mutual Funds—0.1%
BlackRock Liquidity Funds FedFund, Institutional Shares 5.230% (d)		400,000		400,000
Dreyfus Treasury Obligations Cash Management Fund, Institutional Class 5.230% (d)		200,000		200,000
Goldman Sachs Financial Square Government Fund, Institutional Shares 5.240% (d)		400,000		400,000
Morgan Stanley Liquidity Funds Government Portfolio, Institutional Shares 5.270% (d)		400,000		400,000
State Street Institutional U.S. Government Money Market Fund, Premier Class 5.290% (d)		200,000		200,000
STIT-Government & Agency Portfolio, Institutional Class 5.260% (d)		400,000		400,000
				2,000,000
Total Securities Lending Reinvestments (Cost $2,705,867)				2,705,867
Total Investments—99.7% (Cost $1,233,663,055)				1,396,705,510
Other assets and liabilities (net)—0.3%				4,262,141
Net Assets—100.0%			$	1,400,967,651

*	Principal amount stated in U.S. dollars unless otherwise noted.
(a)	All or a portion of the security was held on loan. As of September 30, 2023, the market value of securities loaned was $41,144,327 and the collateral received consisted of cash in the amount of $2,705,867 and non-cash collateral with a value of $46,516,320. The cash collateral investments are disclosed in the Schedule of Investments and categorized as Securities Lending Reinvestments. The non-cash collateral received consists of U.S. government securities that are held in safe-keeping by the lending agent, or a third- party custodian, and cannot be sold or repledged by the Portfolio.
(b)	Non-income producing security.
(c)	Represents investment of cash collateral received from securities on loan as of September 30, 2023.
(d)	The rate shown represents the annualized seven-day yield as of September 30, 2023.

Ten Largest Industries as of September 30, 2023 (Unaudited)	% of Net Assets
Pharmaceuticals		9.9
Chemicals		7.7
Capital Markets		6.9
Banks		5.8
Insurance		5.7
Oil, Gas & Consumable Fuels		5.5
Electrical Equipment		4.9
Machinery		4.4
Textiles, Apparel & Luxury Goods		4.4
Food Products		3.5

Glossary of Abbreviations

Other Abbreviations

(ADR)— American Depositary Receipt

BHFTI-240

Brighthouse Funds Trust I

MFS Research International Portfolio

Schedule of Investments as of September 30, 2023 (Unaudited)

Fair Value Hierarchy

Accounting principles generally accepted in the United States of America (“GAAP”) define fair market value as the price that the Portfolio would receive to sell an asset or pay to transfer a liability in an orderly transaction between market participants at the measurement date. It establishes a fair value hierarchy that prioritizes inputs to valuation methods and requires disclosure of the fair value hierarchy, separately for each major category of assets and liabilities, that segregates fair value measurements into three levels. Levels 1, 2 and 3 of the fair value hierarchy are defined as follows:

Level 1 - unadjusted quoted prices in active markets for identical investments

Level 2 - other significant observable inputs (including, but not limited to, quoted prices for similar assets or liabilities in markets that are either active or inactive; inputs other than quoted prices that are observable such as interest rates, yield curves, volatilities, prepayment speeds, loss severities, credit risks, default rates, or other market corroborated inputs)

Level 3 - significant unobservable inputs based on the best information available in the circumstances, to the extent observable inputs are unavailable (including the Portfolio’s own assumptions used in determining the fair value of investments and derivative financial instruments)

The inputs or methodologies used for valuing investments are not necessarily an indication of the risk associated with investing in them. Changes to the inputs or methodologies used may result in transfers between levels. A reconciliation of Level 3 securities, if any, will be disclosed following the fair value hierarchy table. For more information about the Portfolio’s policy regarding the valuation of investments, please refer to the Notes to Schedule of Investments.

The following table summarizes the fair value hierarchy of the Portfolio’s investments as of September 30, 2023:

Description	Level 1		Level 2			Level 3		Total
Common Stocks
Australia	$	—	$	58,903,887		$	—	$	58,903,887
Canada		24,612,815		—			—		24,612,815
China		15,936,498		4,045,668			—		19,982,166
Denmark		—		45,794,208			—		45,794,208
France		—		180,807,511			—		180,807,511
Germany		—		83,437,716			—		83,437,716
Greece		—		5,270,973			—		5,270,973
Hong Kong		—		44,804,418			—		44,804,418
India		—		18,309,407			—		18,309,407
Ireland		6,686,493		7,772,700			—		14,459,193
Italy		—		14,677,551			—		14,677,551
Japan		—		271,022,205			—		271,022,205
Macau		—		5,464,010			—		5,464,010
Netherlands		—		68,872,082			—		68,872,082
Portugal		—		15,497,122			—		15,497,122
Singapore		—		10,457,758			—		10,457,758
South Korea		—		15,588,293			—		15,588,293
Spain		—		39,247,328			—		39,247,328
Switzerland		—		178,326,323			—		178,326,323
Taiwan		—		12,129,979			—		12,129,979
Thailand		8,511,374		—			—		8,511,374
United Kingdom		—		139,977,152			—		139,977,152
United States		105,619,993		—			—		105,619,993
Total Common Stocks		161,367,173		1,220,406,291			—		1,381,773,464
Warrants
Canada		—		0			—		0
Switzerland		221,714		—			—		221,714
Total Warrants		221,714		0			—		221,714
Total Short-Term Investment*		—		12,004,465			—		12,004,465
Securities Lending Reinvestments
Repurchase Agreements		—		705,867			—		705,867
Mutual Funds		2,000,000		—			—		2,000,000
Total Securities Lending Reinvestments		2,000,000		705,867			—		2,705,867
Total Investments	$	163,588,887	$	1,233,116,623		$	—	$	1,396,705,510
Collateral for Securities Loaned (Liability)	$	—	$	(2,705,867	)	$	—	$	(2,705,867	)

* See Schedule of Investments for additional detailed categorizations.

BHFTI-241

Brighthouse Funds Trust I

PanAgora Global Diversified Risk Portfolio

Consolidated Schedule of Investments as of September 30, 2023 (Unaudited)

Common Stocks—14.6% of Net Assets

Security Description	Shares		Value
Aerospace & Defense—0.1%
CAE, Inc. (a)		11,507	$	268,645
Dassault Aviation SA		574		107,967
Elbit Systems Ltd.		1,472		292,550
Kongsberg Gruppen ASA		10,016		412,462
MTU Aero Engines AG		539		97,929
Rolls-Royce Holdings PLC (a)		111,792		299,676
Safran SA		2,140		334,597
Thales SA		1,394		195,597
				2,009,423
Air Freight & Logistics—0.0%
DSV AS		67		12,491
Nippon Express Holdings, Inc.		2,900		151,313
Yamato Holdings Co. Ltd.		600		9,770
				173,574
Automobile Components—0.1%
Aisin Corp.		6,700		253,062
Bridgestone Corp.		7,800		304,011
Cie Generale des Etablissements Michelin SCA		17,088		523,744
Continental AG		2,460		173,804
Denso Corp.		12,400		199,016
Sumitomo Electric Industries Ltd.		17,800		214,354
				1,667,991
Automobiles—0.2%
Bayerische Motoren Werke (BMW) AG		2,385		242,935
Ferrari NV		2,933		864,402
Honda Motor Co. Ltd.		63,600		715,134
Isuzu Motors Ltd.		32,200		404,713
Renault SA		9,755		399,419
Stellantis NV (Milan-Traded Shares)		31,801		609,970
Subaru Corp.		17,900		347,719
Toyota Motor Corp.		15,600		280,320
				3,864,612
Banks—0.4%
ABN AMRO Bank NV (GDR)		9,677		137,024
Banco Bilbao Vizcaya Argentaria SA		20,631		167,989
Bank Hapoalim BM		16,973		150,915
Bank Leumi Le-Israel BM		17,078		141,209
Bank of Montreal		2,066		174,285
Bank of Nova Scotia		5,567		249,526
BOC Hong Kong Holdings Ltd.		157,000		428,110
CaixaBank SA		69,183		276,723
Canadian Imperial Bank of Commerce		3,482		134,409
Chiba Bank Ltd.		25,700		186,425
Commonwealth Bank of Australia		2,217		141,264
Concordia Financial Group Ltd.		40,400		183,610
Credit Agricole SA		26,012		320,092
DNB Bank ASA		14,344		288,908
Erste Group Bank AG		4,860		167,889
FinecoBank Banca Fineco SpA		16,195		196,626
Hang Seng Bank Ltd.		20,000		248,449
HSBC Holdings PLC		22,205		173,955
Banks—(Continued)
Israel Discount Bank Ltd. - Class A		66,182		357,252
Japan Post Bank Co. Ltd.		37,600		326,673
KBC Group NV		2,797		174,386
Mitsubishi UFJ Financial Group, Inc.		36,000		305,350
Mizrahi Tefahot Bank Ltd.		4,642		168,036
Mizuho Financial Group, Inc.		13,250		224,434
NatWest Group PLC		44,359		126,927
Resona Holdings, Inc.		47,700		263,626
Royal Bank of Canada		2,710		236,832
Shizuoka Financial Group, Inc.		1,700		13,826
Skandinaviska Enskilda Banken AB - Class A		10,076		120,016
Societe Generale SA		5,443		131,668
Sumitomo Mitsui Financial Group, Inc.		7,000		343,162
Sumitomo Mitsui Trust Holdings, Inc.		7,300		274,180
Swedbank AB - A Shares		10,206		187,894
Toronto-Dominion Bank		3,657		220,322
				7,241,992
Beverages—0.3%
Anheuser-Busch InBev SA		7,477		411,744
Asahi Group Holdings Ltd.		18,700		699,137
Budweiser Brewing Co. APAC Ltd.		207,800		407,737
Carlsberg AS - Class B		3,576		450,616
Coca-Cola Europacific Partners PLC		11,191		699,214
Coca-Cola HBC AG		22,371		612,286
Davide Campari-Milano NV		37,586		443,036
Diageo PLC		10,115		373,029
Heineken Holding NV		5,075		381,949
Heineken NV		3,983		350,375
Kirin Holdings Co. Ltd.		18,800		263,685
Pernod Ricard SA		1,307		217,564
Remy Cointreau SA		1,877		228,671
Suntory Beverage & Food Ltd.		14,000		426,922
Treasury Wine Estates Ltd.		59,626		472,484
				6,438,449
Biotechnology—0.1%
Argenx SE (a)		1,224		595,061
CSL Ltd.		2,363		380,720
Genmab AS (a)		1,386		490,478
Grifols SA (a)		50,266		650,823
Swedish Orphan Biovitrum AB (a)		24,889		509,101
				2,626,183
Broadline Retail—0.2%
Canadian Tire Corp. Ltd. - Class A		6,458		694,416
Dollarama, Inc.		15,105		1,040,696
Next PLC		2,457		218,030
Pan Pacific International Holdings Corp.		68,400		1,436,398
Prosus NV (a)		8,406		247,721
Rakuten Group, Inc.		31,100		127,364
Wesfarmers Ltd.		16,758		569,319
				4,333,944

BHFTI-242

Brighthouse Funds Trust I

PanAgora Global Diversified Risk Portfolio

Consolidated Schedule of Investments as of September 30, 2023 (Unaudited)

Common Stocks—(Continued)

Security Description	Shares		Value
Building Products—0.1%
AGC, Inc.		12,700	$	445,950
Assa Abloy AB - Class B		828		18,039
Kingspan Group PLC		2,230		166,246
Lixil Corp.		9,500		110,586
Nibe Industrier AB - B Shares		32,993		215,004
Rockwool AS - B Shares		543		131,013
TOTO Ltd.		6,600		170,481
Xinyi Glass Holdings Ltd.		59,000		76,657
				1,333,976
Capital Markets—0.2%
3i Group PLC		9,488		238,817
Amundi SA		10,403		583,453
ASX Ltd.		4,993		182,275
Brookfield Asset Management Ltd. - Class A		899		29,957
Brookfield Corp.		3,596		112,440
Deutsche Boerse AG		1,113		192,377
EQT AB		7,233		142,837
Hargreaves Lansdown PLC		33,289		312,298
Hong Kong Exchanges & Clearing Ltd.		6,000		223,691
IGM Financial, Inc.		4,548		115,353
Japan Exchange Group, Inc.		12,600		233,699
Julius Baer Group Ltd.		1,910		122,404
London Stock Exchange Group PLC		2,345		235,407
Macquarie Group Ltd.		1,506		162,045
Onex Corp.		2,573		151,226
Singapore Exchange Ltd.		22,200		157,983
St. James’s Place PLC		39,577		399,203
TMX Group Ltd.		23,240		499,448
UBS Group AG		7,179		177,449
				4,272,362
Chemicals—0.5%
Air Liquide SA		1,799		303,162
Akzo Nobel NV		2,828		204,081
Arkema SA		5,632		555,358
Asahi Kasei Corp.		23,200		145,830
Chr Hansen Holding AS		11,219		686,256
Clariant AG		23,493		371,148
Covestro AG (a)		6,438		347,498
Croda International PLC		4,021		241,030
DSM-Firmenich AG		1,713		144,706
EMS-Chemie Holding AG		351		238,091
Givaudan SA		141		461,558
ICL Group Ltd.		25,362		140,398
Johnson Matthey PLC		15,882		314,965
JSR Corp.		7,100		190,560
Mitsubishi Chemical Group Corp.		40,300		253,993
Mitsui Chemicals, Inc.		500		12,960
Nippon Paint Holdings Co. Ltd.		21,675		145,757
Nippon Sanso Holdings Corp.		11,100		263,077
Nissan Chemical Corp.		4,900		208,296
Nitto Denko Corp.		2,700		177,001
Novozymes AS - B Shares		10,318		415,953
Nutrien Ltd.		3,998		246,900
OCI NV (a)		7,389		205,525
Chemicals—(Continued)
Orica Ltd.		43,374		435,534
Shin-Etsu Chemical Co. Ltd.		6,500		188,659
Sika AG		1,094		277,282
Solvay SA		6,011		664,885
Sumitomo Chemical Co. Ltd.		52,700		143,445
Symrise AG		3,177		303,458
Toray Industries, Inc.		36,900		191,936
Tosoh Corp.		13,100		168,015
Umicore SA		13,228		313,692
Yara International ASA		14,968		566,891
				9,527,900
Commercial Services & Supplies—0.1%
Brambles Ltd.		33,059		304,263
Dai Nippon Printing Co. Ltd.		22,300		580,012
RB Global, Inc.		7,135		446,722
Rentokil Initial PLC		41,365		306,648
Securitas AB - B Shares		14,937		117,930
TOPPAN, Inc.		7,600		181,638
				1,937,213
Communications Equipment—0.1%
Nokia Oyj		125,858		473,342
Telefonaktiebolaget LM Ericsson - B Shares		121,079		588,104
				1,061,446
Construction & Engineering—0.1%
ACS Actividades de Construccion y Servicios SA		9,639		347,111
Ferrovial SE		7,239		220,726
Obayashi Corp.		17,800		156,729
Shimizu Corp.		25,700		178,675
WSP Global, Inc.		3,379		476,903
				1,380,144
Construction Materials—0.1%
CRH PLC		10,173		561,093
Heidelberg Materials AG		2,883		223,959
Holcim AG		8,408		538,327
James Hardie Industries PLC (a)		11,076		289,010
				1,612,389
Consumer Finance—0.0%
Isracard Ltd.		1		2
Consumer Staples Distribution & Retail—0.4%
Aeon Co. Ltd.		22,400		443,838
Alimentation Couche-Tard, Inc.		10,304		523,298
Carrefour SA		15,871		272,941
Coles Group Ltd.		42,499		423,256
Empire Co. Ltd. - Class A		14,251		387,686
Endeavour Group Ltd.		74,002		250,409
George Weston Ltd.		4,806		532,986
HelloFresh SE (a)		18,607		556,328
J Sainsbury PLC		170,804		525,503
Jeronimo Martins SGPS SA		453		10,167

BHFTI-243

Brighthouse Funds Trust I

PanAgora Global Diversified Risk Portfolio

Consolidated Schedule of Investments as of September 30, 2023 (Unaudited)

Common Stocks—(Continued)

Security Description	Shares		Value
Consumer Staples Distribution & Retail—(Continued)
Kesko Oyj - B Shares		15,358	$	274,714
Kobe Bussan Co. Ltd.		10,700		250,947
Koninklijke Ahold Delhaize NV		35,547		1,071,852
Loblaw Cos. Ltd.		7,992		679,018
Metro, Inc.		5,789		300,649
Ocado Group PLC (a)		23,237		169,061
Seven & i Holdings Co. Ltd.		12,600		493,411
Tesco PLC		134,156		431,360
Welcia Holdings Co. Ltd.		21,500		371,612
				7,969,036
Containers & Packaging—0.0%
CCL Industries, Inc. - Class B		4,654		195,343
Smurfit Kappa Group PLC		10,676		353,198
				548,541
Diversified Consumer Services—0.0%
Pearson PLC		62,852		664,903
Diversified REITs—0.0%
Daiwa House REIT Investment Corp.		9		15,881
Mirvac Group		148,690		204,310
Nomura Real Estate Master Fund, Inc.		306		343,295
				563,486
Diversified Telecommunication Services—0.9%
BT Group PLC		408,264		579,920
Cellnex Telecom SA (a)		15,217		529,116
Deutsche Telekom AG		33,787		709,508
Elisa Oyj		18,440		855,526
HKT Trust & HKT Ltd.		1,715,000		1,788,679
Infrastrutture Wireless Italiane SpA		45,657		542,068
Koninklijke KPN NV		360,206		1,187,197
Nippon Telegraph & Telephone Corp.		1,212,500		1,432,081
Orange SA		111,175		1,275,779
Singapore Telecommunications Ltd.		830,900		1,465,686
Spark New Zealand Ltd.		434,434		1,252,396
Swisscom AG		3,363		1,997,848
Telefonica Deutschland Holding AG		254,709		456,313
Telefonica SA		165,496		677,182
Telenor ASA		68,124		772,795
Telia Co. AB		595,696		1,229,858
Telstra Group Ltd.		110,275		272,696
TELUS Corp.		771		12,590
				17,037,238
Electric Utilities—0.9%
Acciona SA		2,825		359,197
BKW AG		8,686		1,531,105
Chubu Electric Power Co., Inc.		105,500		1,349,566
CK Infrastructure Holdings Ltd.		281,665		1,332,673
CLP Holdings Ltd.		229,500		1,692,473
EDP - Energias de Portugal SA		185,688		772,712
Elia Group SA		7,795		761,824
Emera, Inc.		12,898		450,302
Electric Utilities—(Continued)
Endesa SA		15,075		306,398
Enel SpA		41,848		256,789
Fortis, Inc.		8,904		338,198
Fortum Oyj		49,836		578,239
Hydro One Ltd.		23,153		589,458
Iberdrola SA		29,000		323,797
Kansai Electric Power Co., Inc.		126,100		1,754,285
Origin Energy Ltd.		53,158		299,885
Orsted AS		11,484		625,228
Power Assets Holdings Ltd.		290,500		1,401,218
Redeia Corp. SA		15,619		245,304
SSE PLC		31,655		620,275
Terna - Rete Elettrica Nazionale		53,134		399,723
Tokyo Electric Power Co. Holdings, Inc. (a)		174,000		778,053
Verbund AG		6,720		546,512
				17,313,214
Electrical Equipment—0.0%
ABB Ltd.		881		31,484
Fuji Electric Co. Ltd.		8,900		401,420
Nidec Corp.		100		4,632
Prysmian SpA		4,816		193,216
Vestas Wind Systems AS (a)		6,149		131,246
				761,998
Electronic Equipment, Instruments & Components—0.2%
Azbil Corp.		7,300		223,362
Halma PLC		7,948		186,729
Hamamatsu Photonics KK		6,000		252,267
Hexagon AB - B Shares		39,895		339,543
Hirose Electric Co. Ltd.		2,410		279,021
Ibiden Co. Ltd.		6,600		349,872
Keyence Corp.		652		242,330
Kyocera Corp.		11,000		557,895
Murata Manufacturing Co. Ltd.		11,700		213,827
Omron Corp.		4,000		178,170
Shimadzu Corp.		14,700		390,391
TDK Corp.		11,319		419,179
Venture Corp. Ltd.		75,700		685,565
Yokogawa Electric Corp.		13,300		256,827
				4,574,978
Energy Equipment & Services—0.0%
Tenaris SA		41,829		660,941
Entertainment—0.3%
Bollore SE		120,828		648,904
Capcom Co. Ltd.		21,600		776,156
Embracer Group AB (a)		164,954		328,561
Koei Tecmo Holdings Co. Ltd.		18,960		269,484
Konami Group Corp.		6,300		332,133
Nexon Co. Ltd.		13,700		243,213
Nintendo Co. Ltd.		14,610		608,656
Sea Ltd. (ADR) (a)		9,181		403,505
Square Enix Holdings Co. Ltd.		11,900		407,717

BHFTI-244

Brighthouse Funds Trust I

PanAgora Global Diversified Risk Portfolio

Consolidated Schedule of Investments as of September 30, 2023 (Unaudited)

Common Stocks—(Continued)

Security Description	Shares		Value
Entertainment—(Continued)
Toho Co. Ltd.		13,700	$	467,379
Universal Music Group NV		16,323		424,476
				4,910,184
Financial Services—0.1%
Adyen NV (a)		221		163,820
Edenred SE		4,628		289,159
EXOR NV		3,215		284,988
Groupe Bruxelles Lambert NV		151		11,223
L E Lundbergforetagen AB - B Shares		3,278		136,630
Mitsubishi HC Capital, Inc.		31,200		207,808
Nexi SpA (a)		78,525		479,283
Nuvei Corp.		4,806		72,077
ORIX Corp.		1,700		31,742
Sofina SA		972		195,857
Washington H Soul Pattinson & Co. Ltd.		38,185		798,814
Wendel SE		1,750		138,280
				2,809,681
Food Products—0.7%
Ajinomoto Co., Inc.		33,100		1,275,682
Associated British Foods PLC		30,775		773,523
Barry Callebaut AG		441		701,041
Chocoladefabriken Lindt & Spruengli AG		9		986,736
Danone SA		4,466		246,058
JDE Peet’s NV		21,557		601,806
Kerry Group PLC - Class A		12,269		1,024,190
Kikkoman Corp.		8,300		435,243
MEIJI Holdings Co. Ltd.		37,200		924,767
Mowi ASA		14,868		263,228
Nestle SA		7,164		808,969
Nisshin Seifun Group, Inc.		35,000		446,177
Nissin Foods Holdings Co. Ltd.		10,500		872,281
Salmar ASA		11,961		605,249
Saputo, Inc.		16,806		351,401
WH Group Ltd.		1,757,603		917,096
Wilmar International Ltd.		259,000		704,273
Yakult Honsha Co. Ltd.		19,400		471,229
				12,408,949
Gas Utilities—0.5%
AltaGas Ltd.		28,672		549,903
APA Group		81,652		435,166
Enagas SA		11,322		187,361
Hong Kong & China Gas Co. Ltd.		2,123,270		1,479,316
Naturgy Energy Group SA		10,000		271,586
Osaka Gas Co. Ltd.		158,000		2,606,484
Snam SpA		78,165		366,956
Tokyo Gas Co. Ltd.		129,000		2,931,482
				8,828,254
Ground Transportation—0.2%
Aurizon Holdings Ltd.		124,519		279,039
Canadian National Railway Co.		3,816		413,249
Canadian Pacific Kansas City Ltd.		6,019		447,398
Ground Transportation—(Continued)
Central Japan Railway Co.		9,500		230,997
East Japan Railway Co.		2,700		154,518
Hankyu Hanshin Holdings, Inc.		8,400		286,558
Keio Corp.		7,300		251,115
Keisei Electric Railway Co. Ltd.		6,600		228,601
Kintetsu Group Holdings Co. Ltd.		11,300		320,316
MTR Corp. Ltd.		48,000		189,191
Odakyu Electric Railway Co. Ltd.		900		13,450
TFI International, Inc.		3,547		455,541
Tobu Railway Co. Ltd.		16,800		431,770
Tokyu Corp.		25,400		292,898
West Japan Railway Co.		4,700		194,461
				4,189,102
Health Care Equipment & Supplies—0.4%
Alcon, Inc.		9,482		732,717
Asahi Intecc Co. Ltd.		13,000		233,598
BioMerieux		3,920		379,002
Carl Zeiss Meditec AG		2,979		260,583
Cochlear Ltd.		3,272		536,356
Coloplast AS - Class B		6,489		684,708
Demant AS (a)		12,077		500,128
DiaSorin SpA		3,010		274,014
EssilorLuxottica SA		1,407		244,575
Getinge AB - B Shares		20,511		360,348
Hoya Corp.		2,900		298,855
Koninklijke Philips NV		12,429		247,704
Olympus Corp.		15,500		200,819
Siemens Healthineers AG		7,171		364,250
Smith & Nephew PLC		51,893		645,011
Sonova Holding AG		1,811		429,168
Straumann Holding AG		3,770		478,846
Sysmex Corp.		4,862		231,869
Terumo Corp.		11,400		302,010
				7,404,561
Health Care Providers & Services—0.1%
Amplifon SpA		15,888		470,521
EBOS Group Ltd.		6,168		125,287
Fresenius SE & Co. KGaA		13,123		409,074
NMC Health PLC (a) (b) (c)		1,427		0
Ramsay Health Care Ltd.		14,367		478,914
Sonic Healthcare Ltd.		22,139		423,575
				1,907,371
Health Care Technology—0.0%
M3, Inc.		7,241		131,436
Hotels, Restaurants & Leisure—0.3%
Accor SA		16,878		568,284
Amadeus IT Group SA		7,895		475,782
Aristocrat Leisure Ltd.		10,669		279,968
Compass Group PLC		9,513		231,753
Delivery Hero SE (a)		4,885		140,299

BHFTI-245

Brighthouse Funds Trust I

PanAgora Global Diversified Risk Portfolio

Consolidated Schedule of Investments as of September 30, 2023 (Unaudited)

Common Stocks—(Continued)

Security Description	Shares		Value
Hotels, Restaurants & Leisure—(Continued)
Entain PLC		14,254	$	162,240
Evolution AB		1,335		134,525
Flutter Entertainment PLC (a)		2,281		372,312
Galaxy Entertainment Group Ltd. (a)		84,000		502,456
Genting Singapore Ltd.		1,015,000		627,227
InterContinental Hotels Group PLC		4,274		315,090
Just Eat Takeaway.com NV (a)		12,304		152,305
La Francaise des Jeux SAEM		12,565		408,053
Lottery Corp. Ltd.		75,512		228,740
McDonald’s Holdings Co. Japan Ltd.		14,100		539,350
Oriental Land Co. Ltd.		10,000		328,285
Restaurant Brands International, Inc.		6,976		464,553
Sodexo SA		3,277		337,489
Whitbread PLC		7,204		303,047
				6,571,758
Household Durables—0.1%
Barratt Developments PLC		30,881		165,663
Berkeley Group Holdings PLC		4,419		220,419
Iida Group Holdings Co. Ltd.		2,000		33,252
Open House Group Co. Ltd.		3,900		132,318
SEB SA		7,101		662,599
Sekisui Chemical Co. Ltd.		12,100		174,189
Sekisui House Ltd.		12,000		238,932
Sony Group Corp.		2,700		220,865
				1,848,237
Household Products—0.1%
Essity AB - Class B		23,676		510,224
Henkel AG & Co. KGaA		12,549		792,452
Reckitt Benckiser Group PLC		8,208		580,063
Unicharm Corp.		17,100		603,322
				2,486,061
Independent Power and Renewable Electricity Producers—0.2%
Brookfield Renewable Corp. - Class A		13,826		330,928
Corp. ACCIONA Energias Renovables SA		14,424		371,966
EDP Renovaveis SA		29,583		483,928
Meridian Energy Ltd.		297,851		917,600
RWE AG		19,021		706,853
				2,811,275
Industrial Conglomerates—0.2%
CK Hutchison Holdings Ltd.		75,000		399,723
DCC PLC		2,210		123,897
Hitachi Ltd.		2,900		179,784
Jardine Cycle & Carriage Ltd.		30,100		700,896
Jardine Matheson Holdings Ltd.		12,200		566,088
Keppel Corp. Ltd.		84,500		419,400
Siemens AG		1,330		190,673
Smiths Group PLC		11,870		233,883
				2,814,344
Industrial REITs—0.1%
CapitaLand Ascendas REIT		110,100		221,302
Industrial REITs—(Continued)
GLP J-REIT		341		305,139
Goodman Group		15,184		210,348
Mapletree Logistics Trust		517,000		634,269
Nippon Prologis REIT, Inc.		15		28,130
Segro PLC		13,306		116,072
				1,515,260
Insurance—0.3%
Admiral Group PLC		6,107		176,629
Ageas SA		5,312		219,061
AIA Group Ltd.		42,000		339,741
Baloise Holding AG		1,325		192,226
Dai-ichi Life Holdings, Inc.		8,200		170,607
Fairfax Financial Holdings Ltd.		368		300,407
Gjensidige Forsikring ASA		39,514		580,648
Hannover Rueck SE		1,069		234,911
iA Financial Corp., Inc.		3,320		208,256
Insurance Australia Group Ltd.		77,212		282,085
Intact Financial Corp.		1,865		271,899
Japan Post Holdings Co. Ltd.		34,400		275,010
Japan Post Insurance Co. Ltd.		8,000		134,559
Manulife Financial Corp.		15,810		288,904
Medibank Pvt Ltd.		151,817		335,588
MS&AD Insurance Group Holdings, Inc.		7,400		270,658
NN Group NV		2,183		69,958
Poste Italiane SpA		28,976		304,676
Prudential PLC		8,824		95,018
Sampo Oyj - A Shares		3,212		138,862
Sompo Holdings, Inc.		4,100		175,501
Suncorp Group Ltd.		22,084		199,084
Swiss Life Holding AG		240		149,503
Swiss Re AG		1,951		200,267
T&D Holdings, Inc.		10,700		175,663
Tokio Marine Holdings, Inc.		12,600		290,460
Tryg AS		6,726		123,012
Zurich Insurance Group AG		304		139,304
				6,342,497
Interactive Media & Services—0.2%
Auto Trader Group PLC		83,375		624,970
REA Group Ltd.		4,213		417,115
Scout24 SE		20,594		1,430,049
SEEK Ltd.		26,506		375,189
Z Holdings Corp.		147,000		410,404
				3,257,727
IT Services—0.2%
Bechtle AG		8,202		384,138
Capgemini SE		1,087		188,745
CGI, Inc. (a)		3,195		314,925
Fujitsu Ltd.		1,400		164,719
Itochu Techno-Solutions Corp.		8,100		234,307
NEC Corp.		15,800		872,692
Nomura Research Institute Ltd.		8,300		215,999
NTT Data Group Corp.		15,300		204,993

BHFTI-246

Brighthouse Funds Trust I

PanAgora Global Diversified Risk Portfolio

Consolidated Schedule of Investments as of September 30, 2023 (Unaudited)

Common Stocks—(Continued)

Security Description	Shares		Value
IT Services—(Continued)
Obic Co. Ltd.		1,800	$	273,855
Otsuka Corp.		7,000		296,406
SCSK Corp.		13,600		237,224
Shopify, Inc. - Class A (a)		4,200		229,257
TIS, Inc.		12,900		283,943
Wix.com Ltd. (a)		6,974		640,213
				4,541,416
Leisure Products—0.0%
Bandai Namco Holdings, Inc.		10,083		205,074
Shimano, Inc.		1,400		189,039
Yamaha Corp.		12,400		338,621
				732,734
Life Sciences Tools & Services—0.1%
Bachem Holding AG		5,290		389,999
Eurofins Scientific SE		7,531		424,617
Lonza Group AG		1,039		480,690
QIAGEN NV (a)		13,019		526,905
Sartorius Stedim Biotech		1,040		247,495
				2,069,706
Machinery—0.3%
Alfa Laval AB		8,741		299,060
CNH Industrial NV		19,518		236,454
Daifuku Co. Ltd.		7,800		147,486
Daimler Truck Holding AG		6,391		221,643
GEA Group AG		4,611		170,436
Hitachi Construction Machinery Co. Ltd.		9,800		298,135
Hoshizaki Corp.		400		13,895
Husqvarna AB - B Shares		15,232		116,151
Knorr-Bremse AG		2,412		153,389
Komatsu Ltd.		12,300		332,403
Kone Oyj - Class B		3,199		134,881
Kurita Water Industries Ltd.		4,900		170,809
Makita Corp.		5,900		146,154
MISUMI Group, Inc.		5,600		87,433
Mitsubishi Heavy Industries Ltd.		5,400		302,541
NGK Insulators Ltd.		14,600		193,513
Rational AG		1,096		693,888
Sandvik AB		36,076		661,420
Schindler Holding AG		1,240		238,523
Seatrium Ltd. (a)		1,612,685		157,562
Spirax-Sarco Engineering PLC		1,231		142,349
Wartsila Oyj Abp		21,923		248,503
Yaskawa Electric Corp.		11,900		429,001
				5,595,629
Marine Transportation—0.0%
AP Moller - Maersk AS - Class A		92		163,225
Nippon Yusen KK		5,100		132,158
				295,383
Media—0.1%
CyberAgent, Inc.		47,900		258,208
Media—(Continued)
Dentsu Group, Inc.		15,200		447,308
Hakuhodo DY Holdings, Inc.		21,000		172,575
Informa PLC		48,650		443,316
Publicis Groupe SA		6,251		472,055
Vivendi SE		67,443		591,771
				2,385,233
Metals & Mining—0.4%
Agnico Eagle Mines Ltd.		7,423		337,307
Anglo American PLC		7,138		197,625
Antofagasta PLC		20,750		359,456
ArcelorMittal SA		5,214		130,402
Barrick Gold Corp.		29,127		423,100
BHP Group Ltd. - Class DI		597		16,914
BHP Group Ltd. (London-Traded Shares) - Class DI		10,438		295,975
BlueScope Steel Ltd.		19,468		243,129
Boliden AB		10,935		311,251
First Quantum Minerals Ltd.		7,954		187,921
Fortescue Metals Group Ltd.		22,935		307,578
Franco-Nevada Corp.		3,056		407,984
Glencore PLC		34,171		195,417
Ivanhoe Mines Ltd. - Class A (a)		23,597		202,223
JFE Holdings, Inc.		13,400		196,900
Kinross Gold Corp.		64,827		295,438
Newcrest Mining Ltd.		22,841		361,797
Nippon Steel Corp.		13,900		325,779
Norsk Hydro ASA		58,451		366,871
Pan American Silver Corp.		11,795		170,727
Rio Tinto Ltd.		3,012		221,317
Rio Tinto PLC		7,318		459,696
South32 Ltd.		98,033		214,475
Sumitomo Metal Mining Co. Ltd.		4,600		135,278
Teck Resources Ltd. - Class B		7,275		313,121
Wheaton Precious Metals Corp.		10,611		430,612
				7,108,293
Multi-Utilities—0.2%
Algonquin Power & Utilities Corp.		117,962		698,262
E.ON SE		92,672		1,097,751
Engie SA		41,184		631,491
National Grid PLC		56,837		678,449
Veolia Environnement SA		23,369		676,068
				3,782,021
Office REITs—0.1%
Covivio SA		1,553		68,901
Gecina SA		4,290		436,883
Japan Real Estate Investment Corp.		52		202,800
Nippon Building Fund, Inc.		55		222,971
				931,555
Oil, Gas & Consumable Fuels—1.2%
Aker BP ASA		21,496		594,086
Ampol Ltd.		38,735		842,147
ARC Resources Ltd.		46,922		748,956

BHFTI-247

Brighthouse Funds Trust I

PanAgora Global Diversified Risk Portfolio

Consolidated Schedule of Investments as of September 30, 2023 (Unaudited)

Common Stocks—(Continued)

Security Description	Shares		Value
Oil, Gas & Consumable Fuels—(Continued)
BP PLC		239,406	$	1,545,808
Cameco Corp.		27,584		1,094,424
Canadian Natural Resources Ltd.		8,158		527,590
Enbridge, Inc.		15,752		522,457
ENEOS Holdings, Inc.		304,700		1,202,004
Eni SpA		43,895		705,017
Equinor ASA		31,168		1,021,893
Galp Energia SGPS SA		110,045		1,630,115
Idemitsu Kosan Co. Ltd.		41,876		963,022
Imperial Oil Ltd.		10,183		627,211
Inpex Corp.		53,900		808,899
Keyera Corp.		23,315		547,407
Neste Oyj		19,549		663,876
OMV AG		22,985		1,097,557
Parkland Corp.		23,742		694,474
Pembina Pipeline Corp.		15,410		463,349
Repsol SA		58,379		961,012
Santos Ltd.		116,860		591,742
Shell PLC		43,338		1,375,982
Suncor Energy, Inc.		16,650		572,591
TC Energy Corp.		15,849		545,045
TotalEnergies SE		18,100		1,191,113
Tourmaline Oil Corp.		11,328		570,049
Woodside Energy Group Ltd.		30,500		710,605
				22,818,431
Paper & Forest Products—0.1%
Holmen AB - B Shares		13,256		514,669
Mondi PLC		17,559		292,921
Oji Holdings Corp.		58,800		249,293
Stora Enso Oyj - R Shares		33,121		414,606
Svenska Cellulosa AB SCA - Class B		22,335		305,452
UPM-Kymmene Oyj		15,647		535,188
West Fraser Timber Co. Ltd.		2,236		162,335
				2,474,464
Passenger Airlines—0.0%
Air Canada (a)		12,071		172,233
ANA Holdings, Inc. (a)		9,000		188,599
Japan Airlines Co. Ltd.		7,700		149,768
Qantas Airways Ltd. (a)		40,567		135,029
				645,629
Personal Care Products—0.2%
Beiersdorf AG		6,095		787,012
Haleon PLC		92,055		381,988
Kao Corp.		12,600		467,872
Kobayashi Pharmaceutical Co. Ltd.		6,500		290,221
Kose Corp.		3,298		239,083
L’Oreal SA		724		299,837
Shiseido Co. Ltd.		8,000		280,846
Unilever PLC		12,473		615,519
				3,362,378
Pharmaceuticals—0.7%
Astellas Pharma, Inc.		23,900		330,116
AstraZeneca PLC		4,166		560,647
Bayer AG		4,838		232,369
Chugai Pharmaceutical Co. Ltd.		8,200		254,078
Daiichi Sankyo Co. Ltd.		15,200		417,177
Eisai Co. Ltd.		5,900		327,537
GSK PLC		17,427		315,040
Hikma Pharmaceuticals PLC		17,769		452,736
Ipsen SA		4,554		596,474
Kyowa Kirin Co. Ltd.		23,100		402,292
Merck KGaA		2,294		383,421
Nippon Shinyaku Co. Ltd.		13,100		554,441
Novartis AG		12,166		1,241,466
Novo Nordisk AS		10,680		971,515
Ono Pharmaceutical Co. Ltd.		20,800		398,939
Orion Oyj - Class B		9,407		369,495
Otsuka Holdings Co. Ltd.		18,700		665,248
Recordati Industria Chimica e Farmaceutica SpA		8,257		389,277
Roche Holding AG (Bearer Shares)		2,911		856,469
Sanofi		3,012		323,194
Shionogi & Co. Ltd.		7,600		339,836
Takeda Pharmaceutical Co. Ltd.		23,538		730,995
Teva Pharmaceutical Industries Ltd. (ADR) (a)		67,696		690,499
UCB SA		7,675		628,026
				12,431,287
Professional Services—0.1%
Adecco Group AG		4,462		183,025
Computershare Ltd.		37,930		634,480
Intertek Group PLC		2,448		122,407
RELX PLC		7,862		265,143
SGS SA		1,800		151,107
Teleperformance SE		1,754		219,189
Thomson Reuters Corp.		5,561		680,299
Wolters Kluwer NV		3,303		400,012
				2,655,662
Real Estate Management & Development—0.2%
Azrieli Group Ltd.		2,898		148,441
CK Asset Holdings Ltd.		63,500		333,999
Daito Trust Construction Co. Ltd.		2,200		231,743
Daiwa House Industry Co. Ltd.		9,100		244,362
FirstService Corp.		1,970		286,540
Hang Lung Properties Ltd.		201,000		273,211
Henderson Land Development Co. Ltd.		128,000		335,229
Hongkong Land Holdings Ltd.		26,700		95,166
LEG Immobilien SE (a)		2,009		138,777
Lendlease Corp. Ltd.		41,418		191,712
Mitsubishi Estate Co. Ltd.		1,000		13,072
Mitsui Fudosan Co. Ltd.		7,800		171,798
Nomura Real Estate Holdings, Inc.		4,800		120,472
Sagax AB - Class B		4,376		83,254
Sino Land Co. Ltd.		248,000		279,054
Sumitomo Realty & Development Co. Ltd.		5,900		153,269
Sun Hung Kai Properties Ltd.		34,500		366,949
Swire Properties Ltd.		137,600		287,100

BHFTI-248

Brighthouse Funds Trust I

PanAgora Global Diversified Risk Portfolio

Consolidated Schedule of Investments as of September 30, 2023 (Unaudited)

Common Stocks—(Continued)

Security Description	Shares		Value
Real Estate Management & Development—(Continued)
Swiss Prime Site AG		2,622	$	239,951
Vonovia SE		4,218		101,661
Wharf Real Estate Investment Co. Ltd.		53,596		206,845
				4,302,605
Residential REITs—0.0%
Canadian Apartment Properties REIT		5,031		166,978
Retail REITs—0.1%
CapitaLand Integrated Commercial Trust		127,900		172,621
Japan Metropolitan Fund Invest		149		96,696
Link REIT		23,600		115,039
Mapletree Pan Asia Commercial Trust		458,800		480,115
RioCan Real Estate Investment Trust		9,144		121,651
Scentre Group		75,506		120,116
Unibail-Rodamco-Westfield (a)		1,687		83,028
Vicinity Ltd.		133,085		145,051
				1,334,317
Semiconductors & Semiconductor Equipment—0.2%
Advantest Corp.		11,200		311,349
ASM International NV		1,343		560,836
ASML Holding NV		638		374,659
Disco Corp.		2,268		416,493
Infineon Technologies AG		10,049		333,274
Lasertec Corp.		800		124,206
Renesas Electronics Corp. (a)		16,700		256,220
Rohm Co. Ltd.		13,092		247,761
STMicroelectronics NV		5,404		232,829
SUMCO Corp.		12,000		156,068
Tokyo Electron Ltd.		1,500		204,127
Tower Semiconductor Ltd. (a)		17,789		435,409
				3,653,231
Software—0.4%
Check Point Software Technologies Ltd. (a)		6,664		888,178
Constellation Software, Inc.		179		369,540
CyberArk Software Ltd. (a)		4,706		770,701
Dassault Systemes SE		7,307		271,665
Monday.com Ltd. (a)		676		107,633
Nemetschek SE		4,634		283,133
Nice Ltd. (a)		3,392		576,640
Open Text Corp.		7,945		278,843
Oracle Corp. Japan		5,900		439,892
Sage Group PLC		51,269		617,015
SAP SE		3,373		437,836
Temenos AG		8,693		609,723
Trend Micro, Inc.		11,000		416,737
Xero Ltd. (a)		10,120		733,611
				6,801,147
Specialty Retail—0.1%
Fast Retailing Co. Ltd.		1,200		261,368
H & M Hennes & Mauritz AB - B Shares		14,261		202,759
Industria de Diseno Textil SA		22,664		843,539
Specialty Retail—(Continued)
Kingfisher PLC		83,818		227,199
Nitori Holdings Co. Ltd.		2,700		302,325
USS Co. Ltd.		14,100		233,140
Zalando SE (a)		6,982		155,920
ZOZO, Inc.		5,500		100,879
				2,327,129
Technology Hardware, Storage & Peripherals—0.2%
Brother Industries Ltd.		34,300		552,323
Canon, Inc.		16,700		403,530
FUJIFILM Holdings Corp.		11,000		636,908
Logitech International SA		8,805		606,774
Ricoh Co. Ltd.		29,100		251,059
Seiko Epson Corp.		31,300		491,583
				2,942,177
Textiles, Apparel & Luxury Goods—0.2%
Adidas AG		1,346		236,982
Burberry Group PLC		7,380		171,160
Cie Financiere Richemont SA - Class A		3,305		402,689
Gildan Activewear, Inc.		15,275		428,139
Hermes International SCA		286		519,918
Kering SA		321		145,947
LVMH Moet Hennessy Louis Vuitton SE		301		227,082
Moncler SpA		10,903		632,870
Puma SE		3,413		212,435
Swatch Group AG - Bearer Shares		993		254,597
				3,231,819
Tobacco—0.1%
British American Tobacco PLC		10,714		336,334
Imperial Brands PLC		19,946		405,041
Japan Tobacco, Inc.		12,500		287,664
				1,029,039
Trading Companies & Distributors—0.2%
Ashtead Group PLC		2,037		123,814
Brenntag SE		2,349		182,412
Bunzl PLC		12,048		427,615
IMCD NV		1,467		185,433
ITOCHU Corp.		5,000		180,651
Marubeni Corp.		17,300		269,614
Mitsubishi Corp.		10,300		490,699
Mitsui & Co. Ltd.		6,300		228,338
MonotaRO Co. Ltd.		11,900		127,331
Reece Ltd.		11,764		140,815
Sumitomo Corp.		9,000		179,537
Toromont Industries Ltd.		4,128		336,197
Toyota Tsusho Corp.		4,400		258,600
				3,131,056
Transportation Infrastructure—0.1%
Aena SME SA		1,594		239,763
Aeroports de Paris		1,227		144,595
Auckland International Airport Ltd. (a)		76,649		363,203

BHFTI-249

Brighthouse Funds Trust I

PanAgora Global Diversified Risk Portfolio

Consolidated Schedule of Investments as of September 30, 2023 (Unaudited)

Common Stocks—(Continued)

Security Description	Shares/ Principal Amount*		Value
Transportation Infrastructure—(Continued)
Transurban Group		26,071	$	212,307
				959,868
Water Utilities—0.1%
Severn Trent PLC		21,932		631,933
United Utilities Group PLC		59,624		687,511
				1,319,444
Wireless Telecommunication Services—0.2%
KDDI Corp.		51,200		1,567,298
Rogers Communications, Inc. - Class B		10,540		404,683
SoftBank Corp.		69,800		789,373
SoftBank Group Corp.		4,200		177,751
Tele2 AB - B Shares		101,210		773,496
Vodafone Group PLC		601,513		561,687
				4,274,288
Total Common Stocks (Cost $296,505,137)				277,115,551
Foreign Government—10.5%
Sovereign—10.5%
Deutsche Bundesrepublik Bonds Inflation-Linked 0.100%, 04/15/26 (EUR) (d)		4,948,120		5,127,296
0.100%, 04/15/33 (EUR) (d)		9,417,360		9,626,745
0.100%, 04/15/46 (EUR) (d)		6,231,600		5,993,773
0.500%, 04/15/30 (EUR) (d)		19,986,355		21,201,997
French Republic Government Bonds OAT 0.100%, 03/01/26 (144A) (EUR) (d)		4,679,320		4,868,452
0.100%, 03/01/29 (EUR) (d)		4,725,640		4,827,772
0.100%, 07/25/31 (144A) (EUR) (d)		8,201,550		8,244,472
0.100%, 03/01/32 (EUR) (d)		8,977,440		8,969,334
0.100%, 03/01/36 (144A) (EUR) (d)		1,118,960		1,054,478
0.100%, 07/25/38 (144A) (EUR) (d)		3,451,170		3,161,934
0.100%, 07/25/47 (144A) (EUR) (d)		3,675,240		3,053,000
0.700%, 07/25/30 (144A) (EUR) (d)		2,461,780		2,601,614
1.850%, 07/25/27 (EUR) (d)		5,248,680		5,805,406
3.400%, 07/25/29 (EUR) (d)		5,851,080		7,132,212
Italy Buoni Poliennali Del Tesoro 0.100%, 05/15/33 (144A) (EUR) (d)		4,564,160		3,849,017
0.150%, 05/15/51 (144A) (EUR) (d)		4,707,880		2,711,193
0.400%, 05/15/30 (144A) (EUR) (d)		4,157,895		3,911,679
1.250%, 09/15/32 (144A) (EUR) (d)		1,839,210		1,782,217
1.300%, 05/15/28 (144A) (EUR) (d)		3,064,600		3,144,143
1.500%, 05/15/29 (144A) (EUR) (d)		3,563,980		3,639,717
2.350%, 09/15/24 (144A) (EUR) (d)		4,934,240		5,265,554
2.550%, 09/15/41 (144A) (EUR) (d)		666,820		691,840
United Kingdom Gilt Inflation Linked Bonds 0.125%, 03/22/24 (GBP) (d)		3,087,820		3,739,193
0.125%, 03/22/26 (GBP) (d)		10,145,170		12,201,114
0.125%, 08/10/28 (GBP) (d)		8,129,283		9,757,846
0.125%, 03/22/29 (GBP) (d)		3,168,604		3,783,504
Sovereign—(Continued)
United Kingdom Gilt Inflation Linked Bonds 0.125%, 08/10/31 (GBP) (d)		5,099,040		6,062,072
0.125%, 03/22/46 (GBP) (d)		8,711,100		8,004,466
0.125%, 08/10/48 (GBP) (d)		12,258,180		10,851,044
0.125%, 03/22/58 (GBP) (d)		10,604,213		8,454,078
0.125%, 11/22/65 (GBP) (d)		1,437,110		1,094,483
0.125%, 03/22/68 (GBP) (d)		4,196,892		3,174,789
0.500%, 03/22/50 (GBP) (d)		3,507,720		3,385,640
0.625%, 03/22/40 (GBP) (d)		1,728,560		1,937,858
0.625%, 11/22/42 (GBP) (d)		3,523,160		3,837,367
1.250%, 11/22/27 (GBP) (d)		1,197,648		1,507,112
1.250%, 11/22/32 (GBP) (d)		3,619,788		4,684,184
Total Foreign Government (Cost $249,526,668)				199,138,595
U.S. Treasury & Government Agencies—5.6%
U.S. Treasury—5.6%
U.S. Treasury Inflation-Indexed Bonds 0.250%, 02/15/50 (d)		4,755,760		2,797,864
1.000%, 02/15/49 (d)		2,429,480		1,791,979
1.500%, 02/15/53 (d)		1,028,320		849,780
2.125%, 02/15/40 (d)		6,646,881		6,439,945
3.375%, 04/15/32 (d)		4,305,225		4,639,090
3.875%, 04/15/29 (d)		3,718,780		4,003,281
U.S. Treasury Inflation-Indexed Notes  0.125%, 10/15/25 (d)		17,494,191		16,576,429
0.125%, 04/15/26 (d)		10,606,687		9,908,966
0.125%, 07/15/30 (d)		4,768,840		4,132,125
0.125%, 01/15/31 (d)		11,742,300		10,040,355
0.125%, 07/15/31 (d)		10,834,560		9,198,266
0.250%, 01/15/25 (d)		2,581,100		2,482,570
0.375%, 07/15/27 (d)		9,084,519		8,423,674
0.500%, 01/15/28 (d)		7,051,105		6,498,378
0.875%, 01/15/29 (d)		7,553,957		7,008,139
1.125%, 01/15/33 (d)		5,130,850		4,633,198
1.250%, 04/15/28 (d)		7,133,560		6,781,967
Total U.S. Treasury & Government Agencies (Cost $111,926,143)				106,206,006
Mutual Funds—2.9%
Investment Company Securities—2.9%
iShares iBoxx $ Investment Grade Corporate Bond ETF (Cost $72,871,969)		548,388		55,946,544
Preferred Stock—0.0%
Life Sciences Tools & Services—0.0%
Sartorius AG (Cost $395,128)		939	$	318,636

BHFTI-250

Brighthouse Funds Trust I

PanAgora Global Diversified Risk Portfolio

Consolidated Schedule of Investments as of September 30, 2023 (Unaudited)

Warrants—0.0%

Security Description	Shares/ Principal Amount*		Value
Software—0.0%
Constellation Software, Inc. Expires 03/31/40 (a) (Cost $0)		179	$	0
Rights—0.0%
Health Care Equipment & Supplies—0.0%
Abiomed, Inc. (a) (b) (c) (Cost $1,188)		1,165		0
Short-Term Investments—63.6%
Mutual Funds—57.3%
BlackRock Liquidity Funds FedFund, Institutional Shares 5.230% (e)		286,985,211		286,985,211
Dreyfus Treasury Obligations Cash Management Fund, Institutional Class 5.230% (e)		300,281,306		300,281,306
Goldman Sachs Financial Square Government Fund, Institutional Shares 5.240% (e)		296,353,611		296,353,611
State Street Institutional Treasury Plus Money Market Fund, Premier Class 5.290% (e)		203,381,439		203,381,439
				1,087,001,567
U.S. Treasury—6.3%
U.S. Treasury Bill 5.062%, 12/14/23 (f) (g)		120,000,000		118,710,333
Total Short-Term Investments (Cost $1,205,736,167)				1,205,711,900
Total Investments—97.2% (Cost $1,936,962,400)				1,844,437,232
Other assets and liabilities (net)—2.8%				53,463,988
Net Assets—100.0%			$	1,897,901,220

*	Principal amount stated in U.S. dollars unless otherwise noted.
(a)	Non-income producing security.
(b)	Security was valued in good faith under procedures subject to oversight by the Board of Trustees. As of September 30, 2023, these securities represent less than 0.05% of net assets.
(c)	Significant unobservable inputs were used in the valuation of this portfolio security; i.e. Level 3.
(d)	Principal amount of security is adjusted for inflation.
(e)	The rate shown represents the annualized seven-day yield as of September 30, 2023.
(f)	All or a portion of the security was pledged as collateral against open futures contracts. As of September 30, 2023, the market value of securities pledged was $118,710,333.
(g)	The rate shown represents current yield to maturity.
(144A)	Securities exempt from registration under Rule 144A of the Securities Act of 1933. These securities may be resold in transactions exempt from registration, normally to qualified institutional buyers. As of September 30, 2023, the market value of 144A securities was $47,979,310, which is 2.5% of net assets.

Forward Foreign Currency Exchange Contracts

Contracts to Deliver		Counterparty	Settlement Date		In Exchange for			Unrealized Appreciation/ (Depreciation)
AUD	24,630,000	BNY		10/30/23		USD	15,808,298	$	(41,648	)
CAD	38,090,000	BNY		10/30/23		USD	28,217,950		164,009
CHF	14,930,000	SSBT		10/30/23		USD	16,419,187		61,756
EUR	67,150,000	BNP		10/30/23		USD	71,292,766		219,653
EUR	121,000,000	SSBT		10/30/23		USD	130,762,619		2,693,422
GBP	79,000,000	BNY		10/30/23		USD	99,236,798		2,832,920
GBP	20,630,000	BNY		10/30/23		USD	25,134,560		(40,275	)
HKD	106,110,000	SSBT		10/30/23		USD	13,571,280		13,687
JPY	11,218,990,000	BNY		10/30/23		USD	75,756,843		359,315
Net Unrealized Appreciation								$	6,262,839

BHFTI-251

Brighthouse Funds Trust I

PanAgora Global Diversified Risk Portfolio

Consolidated Schedule of Investments as of September 30, 2023 (Unaudited)

Futures Contracts

Futures Contracts—Long	Expiration Date		Number of Contracts			Notional Value				Value/ Unrealized Appreciation/ (Depreciation)
Australian 10 Year Treasury Bond Futures		12/15/23		2,510			AUD	281,051,678		$	(4,701,254	)
Brent Crude Oil Futures		10/31/23		75			USD	6,915,000			751,828
Canada Government Bond 10 Year Futures		12/18/23		1,999			CAD	230,144,870			(5,340,327	)
Cattle Feeder Futures		11/16/23		69			USD	8,794,050			67,617
Cocoa Futures		12/13/23		293			USD	10,014,740			(275,850	)
Coffee “C” Futures		12/18/23		95			USD	5,206,594			(565,858	)
Copper Futures		12/27/23		109			USD	10,184,688			(280,193	)
Corn Futures		12/14/23		308			USD	7,341,950			(515,395	)
Cotton No. 2 Futures		12/06/23		114			USD	4,967,550			138,001
DAX Index Futures		12/15/23		45			EUR	17,466,750			(527,071	)
Euro-BTP Futures		12/07/23		505			EUR	55,413,650			(3,047,720	)
Euro-Bobl Futures		12/07/23		1,250			EUR	144,687,500			(2,223,163	)
Euro-Bund Futures		12/07/23		570			EUR	73,324,800			(2,346,304	)
Euro-Buxl 30 Year Bond Futures		12/07/23		264			EUR	32,303,040			(3,125,651	)
FTSE 100 Index Futures		12/15/23		316			GBP	24,240,360			433,151
Gasoline RBOB Futures		11/30/23		69			USD	6,809,141			17,226
Gold 100 oz. Futures		12/27/23		192			USD	35,829,120			(2,313,105	)
Hang Seng Index Futures		10/30/23		221			HKD	197,673,450			118,484
IBEX 35 Index Futures		10/20/23		187			EUR	17,652,800			(102,890	)
Japanese Government 10 Year Bond Futures		12/13/23		502			JPY	72,769,920,000			(3,462,513	)
LME Nickel Futures		12/18/23		85			USD	9,517,110			(1,533,231	)
LME Primary Aluminum Futures		12/18/23		329			USD	19,349,313			914,634
LME Zinc Futures		12/18/23		240			USD	15,916,500			1,031,639
Lean Hogs Futures		12/14/23		85			USD	2,440,350			(158,572	)
Live Cattle Futures		12/29/23		171			USD	12,854,070			246,732
Low Sulphur Gas Oil Futures		12/12/23		88			USD	8,155,400			1,184,054
Natural Gas Futures		11/28/23		311			USD	10,300,320			(597,360	)
Natural Gas Futures		12/27/23		128			USD	4,563,200			(156,637	)
New York Harbor ULSD Futures		11/30/23		59			USD	7,825,028			954,508
OMX Stockholm 30 Index Futures		10/20/23		1,211			SEK	261,576,000			(313,685	)
Russell 2000 Index E-Mini Futures		12/15/23		1,204			USD	108,275,720			(4,712,740	)
S&P 500 Index E-Mini Futures		12/15/23		1,482			USD	320,519,550			(13,340,738	)
S&P TSX 60 Index Futures		12/14/23		166			CAD	39,053,160			(760,358	)
SPI 200 Index Futures		12/21/23		239			AUD	42,338,850			(750,932	)
Silver Futures		12/27/23		126			USD	14,143,500			(784,275	)
Soybean Futures		11/14/23		59			USD	3,761,250			(204,642	)
Soybean Futures		01/12/24		27			USD	1,747,575			(76,138	)
Soybean Meal Futures		12/14/23		148			USD	5,641,760			(308,007	)
Soybean Oil Futures		12/14/23		134			USD	4,488,732			(332,908	)
Sugar No. 11 Futures		02/29/24		250			USD	7,414,400			(13,137	)
TOPIX Index Futures		12/07/23		159			JPY	3,694,365,000			(271,115	)
U.S. Treasury Long Bond Futures		12/19/23		745			USD	84,767,031			(4,996,681	)
U.S. Treasury Note 10 Year Futures		12/19/23		1,979			USD	213,855,688			(4,754,474	)
U.S. Treasury Note 2 Year Futures		12/29/23		1,554			USD	315,012,798			(1,554,121	)
U.S. Treasury Note 5 Year Futures		12/29/23		2,582			USD	272,037,906			(3,174,012	)
U.S. Treasury Ultra Long Bond Futures		12/19/23		188			USD	22,313,250			(1,727,479	)
United Kingdom Long Gilt Bond Futures		12/27/23		1,460			GBP	137,473,600			(1,082,280	)
WTI Light Sweet Crude Oil Futures		11/20/23		84			USD	7,459,200			842,001
Wheat Futures		12/14/23		265			USD	7,174,875			(1,812,279	)
Futures Contracts—Short
LME Nickel Futures		12/18/23		(19	)		USD	(2,127,354	)		243,655
LME Primary Aluminum Futures		12/18/23		(89	)		USD	(5,234,313	)		(261,577	)
LME Zinc Futures		12/18/23		(61	)		USD	(4,045,444	)		(275,205	)
Net Unrealized Depreciation										$	(65,836,347	)

BHFTI-252

Brighthouse Funds Trust I

PanAgora Global Diversified Risk Portfolio

Consolidated Schedule of Investments as of September 30, 2023 (Unaudited)

Glossary of Abbreviations

Counterparties

(BNP)—	BNP Paribas S.A.
(BNY)—	Bank of New York Mellon
(SSBT)—	State Street Bank and Trust

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
(GDR)—	Global Depositary Receipt
(REIT)—	Real Estate Investment Trust

Fair Value Hierarchy

Accounting principles generally accepted in the United States of America (“GAAP”) define fair market value as the price that the Portfolio would receive to sell an asset or pay to transfer a liability in an orderly transaction between market participants at the measurement date. It establishes a fair value hierarchy that prioritizes inputs to valuation methods and requires disclosure of the fair value hierarchy, separately for each major category of assets and liabilities, that segregates fair value measurements into three levels. Levels 1, 2 and 3 of the fair value hierarchy are defined as follows:

Level 1 - unadjusted quoted prices in active markets for identical investments

Level 2 - other significant observable inputs (including, but not limited to, quoted prices for similar assets or liabilities in markets that are either active or inactive; inputs other than quoted prices that are observable such as interest rates, yield curves, volatilities, prepayment speeds, loss severities, credit risks, default rates, or other market corroborated inputs)

Level 3 - significant unobservable inputs based on the best information available in the circumstances, to the extent observable inputs are unavailable (including the Portfolio’s own assumptions used in determining the fair value of investments and derivative financial instruments)

The inputs or methodologies used for valuing investments are not necessarily an indication of the risk associated with investing in them. Changes to the inputs or methodologies used may result in transfers between levels. A reconciliation of Level 3 securities, if any, will be disclosed following the fair value hierarchy table. For more information about the Portfolio’s policy regarding the valuation of investments, please refer to the Notes to Schedule of Investments.

The following table summarizes the fair value hierarchy of the Portfolio’s investments as of September 30, 2023:

Description	Level 1		Level 2		Level 3		Total
Common Stocks
Aerospace & Defense	$	268,645	$	1,740,778	$	—	$	2,009,423
Air Freight & Logistics		—		173,574		—		173,574
Automobile Components		—		1,667,991		—		1,667,991
Automobiles		—		3,864,612		—		3,864,612
Banks		1,015,374		6,226,618		—		7,241,992
Beverages		699,214		5,739,235		—		6,438,449
Biotechnology		—		2,626,183		—		2,626,183
Broadline Retail		1,735,112		2,598,832		—		4,333,944
Building Products		—		1,333,976		—		1,333,976
Capital Markets		908,424		3,363,938		—		4,272,362
Chemicals		246,900		9,281,000		—		9,527,900
Commercial Services & Supplies		446,722		1,490,491		—		1,937,213
Communications Equipment		—		1,061,446		—		1,061,446
Construction & Engineering		476,903		903,241		—		1,380,144
Construction Materials		—		1,612,389		—		1,612,389
Consumer Finance		—		2		—		2
Consumer Staples Distribution & Retail		2,423,637		5,545,399		—		7,969,036
Containers & Packaging		195,343		353,198		—		548,541
Diversified Consumer Services		—		664,903		—		664,903
Diversified REITs		—		563,486		—		563,486
Diversified Telecommunication Services		12,590		17,024,648		—		17,037,238
Electric Utilities		1,377,958		15,935,256		—		17,313,214
Electrical Equipment		—		761,998		—		761,998
Electronic Equipment, Instruments & Components		—		4,574,978		—		4,574,978
Energy Equipment & Services		—		660,941		—		660,941
Entertainment		403,505		4,506,679		—		4,910,184

BHFTI-253

Brighthouse Funds Trust I

PanAgora Global Diversified Risk Portfolio

Consolidated Schedule of Investments as of September 30, 2023 (Unaudited)

Fair Value Hierarchy—(Continued)

Description	Level 1		Level 2		Level 3		Total
Financial Services	$	72,077	$	2,737,604	$	—	$	2,809,681
Food Products		351,401		12,057,548		—		12,408,949
Gas Utilities		549,903		8,278,351		—		8,828,254
Ground Transportation		1,316,188		2,872,914		—		4,189,102
Health Care Equipment & Supplies		—		7,404,561		—		7,404,561
Health Care Providers & Services		—		1,907,371		0		1,907,371
Health Care Technology		—		131,436		—		131,436
Hotels, Restaurants & Leisure		464,553		6,107,205		—		6,571,758
Household Durables		—		1,848,237		—		1,848,237
Household Products		—		2,486,061		—		2,486,061
Independent Power and Renewable Electricity Producers		330,928		2,480,347		—		2,811,275
Industrial Conglomerates		—		2,814,344		—		2,814,344
Industrial REITs		—		1,515,260		—		1,515,260
Insurance		1,069,466		5,273,031		—		6,342,497
Interactive Media & Services		—		3,257,727		—		3,257,727
IT Services		1,184,395		3,357,021		—		4,541,416
Leisure Products		—		732,734		—		732,734
Life Sciences Tools & Services		—		2,069,706		—		2,069,706
Machinery		—		5,595,629		—		5,595,629
Marine Transportation		—		295,383		—		295,383
Media		—		2,385,233		—		2,385,233
Metals & Mining		2,768,433		4,339,860		—		7,108,293
Multi-Utilities		698,262		3,083,759		—		3,782,021
Office REITs		—		931,555		—		931,555
Oil, Gas & Consumable Fuels		6,913,553		15,904,878		—		22,818,431
Paper & Forest Products		162,335		2,312,129		—		2,474,464
Passenger Airlines		172,233		473,396		—		645,629
Personal Care Products		—		3,362,378		—		3,362,378
Pharmaceuticals		690,499		11,740,788		—		12,431,287
Professional Services		680,299		1,975,363		—		2,655,662
Real Estate Management & Development		286,540		4,016,065		—		4,302,605
Residential REITs		166,978		—		—		166,978
Retail REITs		121,651		1,212,666		—		1,334,317
Semiconductors & Semiconductor Equipment		—		3,653,231		—		3,653,231
Software		2,414,895		4,386,252		—		6,801,147
Specialty Retail		—		2,327,129		—		2,327,129
Technology Hardware, Storage & Peripherals		—		2,942,177		—		2,942,177
Textiles, Apparel & Luxury Goods		428,139		2,803,680		—		3,231,819
Tobacco		—		1,029,039		—		1,029,039
Trading Companies & Distributors		336,197		2,794,859		—		3,131,056
Transportation Infrastructure		—		959,868		—		959,868
Water Utilities		—		1,319,444		—		1,319,444
Wireless Telecommunication Services		404,683		3,869,605		—		4,274,288
Total Common Stocks		31,793,935		245,321,616		0		277,115,551
Total Foreign Government*		—		199,138,595		—		199,138,595
Total U.S. Treasury & Government Agencies*		—		106,206,006		—		106,206,006
Total Mutual Funds*		55,946,544		—		—		55,946,544
Total Preferred Stock*		—		318,636		—		318,636
Total Warrants*		—		0		—		0
Total Rights*		—		—		0		0
Short-Term Investments
Mutual Funds		1,087,001,567		—		—		1,087,001,567
U.S. Treasury		—		118,710,333		—		118,710,333
Total Short-Term Investments		1,087,001,567		118,710,333		—		1,205,711,900
Total Investments	$	1,174,742,046	$	669,695,186	$	0	$	1,844,437,232

BHFTI-254

Brighthouse Funds Trust I

PanAgora Global Diversified Risk Portfolio

Consolidated Schedule of Investments as of September 30, 2023 (Unaudited)

Fair Value Hierarchy—(Continued)

Description	Level 1			Level 2			Level 3		Total
Forward Contracts
Forward Foreign Currency Exchange Contracts (Unrealized Appreciation)	$	—		$	6,344,762		$	—	$	6,344,762
Forward Foreign Currency Exchange Contracts (Unrealized Depreciation)		—			(81,923	)		—		(81,923	)
Total Forward Contracts	$	—		$	6,262,839		$	—	$	6,262,839
Futures Contracts
Futures Contracts (Unrealized Appreciation)	$	6,943,530		$	—		$	—	$	6,943,530
Futures Contracts (Unrealized Depreciation)		(72,779,877	)		—			—		(72,779,877	)
Total Futures Contracts	$	(65,836,347	)	$	—		$	—	$	(65,836,347	)

* See Consolidated Schedule of Investments for additional detailed categorizations.

Level 3 investments at the beginning and/or end of the period in relation to net assets were not significant and accordingly, a reconciliation of Level 3 assets for the period ended September 30, 2023 is not presented.

BHFTI-255

Brighthouse Funds Trust I

PIMCO Inflation Protected Bond Portfolio

Schedule of Investments as of September 30, 2023 (Unaudited)

U.S. Treasury & Government Agencies—82.9% of Net Assets

Security Description	Principal Amount*		Value
Agency Sponsored Mortgage-Backed—8.3%
Federal Home Loan Mortgage Corp.
4.350%, 1Y H15 + 2.225%, 01/01/34 (a)		10,831	$	10,844
4.500%, 08/01/52		365,415		335,703
4.500%, 09/01/52		111,882		102,769
4.500%, 08/01/53		8,884,583		8,160,419
4.500%, 10/01/53		1,115,212		1,024,312
5.500%, 07/01/53		4,822,069		4,661,811
Federal Home Loan Mortgage Corp. Multifamily Structured Pass-Through Certificates 2.920%, 01/25/26		4,800,000		4,602,640
Federal Home Loan Mortgage Corp. REMICS
4.850%, SOFR30A + 0.464%, 07/15/44 (a)		1,040,213		996,543
5.778%, SOFR30A + 0.464%, 01/15/47 (a)		1,258,459		1,204,040
5.878%, SOFR30A + 0.564%, 09/15/42 (a)		1,206,413		1,165,758
Federal Home Loan Mortgage Corp. Structured Pass-Through Certificates 5.559%, 1M LIBOR + 0.260%, 08/25/31 (a)		13,755		13,820
5.826%, 12M MTA + 1.200%, 10/25/44 (a)		761,863		686,312
5.826%, 12M MTA + 1.200%, 02/25/45 (a)		232,449		219,723
Federal National Mortgage Association
3.000%, 05/01/52		373,129		308,957
4.000%, 10/01/48		425,560		385,792
4.000%, 04/01/49		208,315		187,150
4.000%, 03/01/50		193,626		173,961
4.000%, 08/01/50		267,121		240,792
4.000%, 02/01/52		639,499		569,708
4.500%, 09/01/52		527,781		484,790
5.390%, 1Y H15 + 2.360%, 11/01/34 (a)		119,903		122,351
5.500%, 07/01/53		9,177,925		8,872,903
5.630%, 12M MTA + 1.200%, 07/01/44 (a)		2,758		2,662
5.630%, 12M MTA + 1.200%, 09/01/44 (a)		7,401		7,142
Federal National Mortgage Association REMICS
4.780%, 05/25/35 (a)		63,624		64,453
5.462%, SOFR30A + 0.174%, 12/25/36 (a)		12,424		12,050
5.462%, SOFR30A + 0.174%, 07/25/37 (a)		95,457		92,477
5.552%, SOFR30A + 0.264%, 08/25/34 (a)		4,168		4,056
5.779%, SOFR30A + 0.464%, 07/25/37 (a)		1,824		1,784
5.809%, SOFR30A + 0.494%, 07/25/37 (a)		23,257		22,717
Federal National Mortgage Association Trust 5.779%, SOFR30A + 0.464%, 05/25/42 (a)		19,450		19,305
Government National Mortgage Association REMICS 6.214%, SOFR30A + 0.900%, 10/20/72 (a)		2,412,587		2,383,080
6.246%, 12M TSFR + 0.865%, 08/20/68 (a)		2,173,998		2,120,408
6.262%, 1M TSFR + 0.944%, 08/20/66 (a)		143,476		142,762
6.414%, SOFR30A + 1.100%, 05/20/73 (a)		1,012,859		1,015,944
6.464%, 12M TSFR + 1.465%, 04/20/67 (a)		1,673,610		1,666,608
Uniform Mortgage-Backed Security, TBA 4.000%, TBA (b)		47,665,720		42,478,349
4.500%, TBA (b)		10,900,000		10,009,124
5.000%, TBA (b)		21,000,000		19,812,187
6.500%, TBA (b)		24,000,000		24,093,750
				138,479,956
U.S. Treasury—74.6%
U.S. Treasury Inflation-Indexed Bonds
0.125%, 02/15/51 (c)		17,975,012		10,000,180
0.125%, 02/15/52 (c) (d)		7,906,032		4,338,281
0.250%, 02/15/50 (c)		16,906,727		9,946,406
0.625%, 02/15/43 (c)		14,491,768		10,528,043
0.750%, 02/15/42 (c)		39,013,598		29,535,656
0.750%, 02/15/45 (c)		26,818,126		19,481,902
0.875%, 02/15/47 (c) (e)		50,715,669		36,956,072
1.000%, 02/15/46 (c) (e)		49,310,005		37,411,558
1.375%, 02/15/44 (c) (e)		68,277,521		57,060,404
1.500%, 02/15/53 (c)		8,123,728		6,713,262
1.750%, 01/15/28 (c) (e)		66,162,761		64,257,998
2.000%, 01/15/26 (c)		33,785,659		33,120,834
2.125%, 02/15/40 (c)		23,094,376		22,375,383
2.125%, 02/15/41 (c)		21,258,339		20,554,571
2.375%, 01/15/25 (c) (e)		66,957,273		66,154,309
2.375%, 01/15/27 (c) (d) (f)		575,981		571,588
2.500%, 01/15/29 (c) (e)		33,117,155		33,337,074
3.375%, 04/15/32 (c) (d) (f)		3,337,410		3,596,223
3.625%, 04/15/28 (c) (e)		34,162,239		35,891,702
3.875%, 04/15/29 (c) (e)		37,795,810		40,687,337
U.S. Treasury Inflation-Indexed Notes 0.125%, 10/15/24 (c) (e)		45,527,142		44,135,541
0.125%, 04/15/25 (c) (d) (f) (g) (h)		10,177,154		9,708,316
0.125%, 10/15/25 (c) (d) (f) (g) (h)		10,838,152		10,269,572
0.125%, 04/15/26 (c)		19,814,690		18,511,255
0.125%, 07/15/26 (c) (e)		66,627,722		62,272,845
0.125%, 10/15/26 (c)		17,114,886		15,914,838
0.125%, 04/15/27 (c) (e)		10,503,437		9,641,417
0.125%, 01/15/30 (c)		14,969,682		13,048,183
0.125%, 07/15/30 (c) (e)		63,602,425		55,110,507
0.125%, 01/15/31 (c) (e)		50,415,549		43,108,248
0.125%, 07/15/31 (c) (d)		17,517,773		14,872,144
0.125%, 01/15/32 (c)		8,931,870		7,482,360
0.250%, 01/15/25 (c) (e)		36,664,116		35,264,506
0.250%, 07/15/29 (c)		26,329,215		23,454,856
0.375%, 07/15/25 (c) (g)		12,179,478		11,659,828
0.375%, 01/15/27 (c)		27,560,630		25,634,884
0.375%, 07/15/27 (c)		28,103,279		26,058,930
0.500%, 01/15/28 (c)		12,233,481		11,274,515
0.625%, 01/15/24 (c)		11,921,364		11,807,118
0.625%, 01/15/26 (c) (d) (f) (g) (h)		3,138,914		2,983,930
0.625%, 07/15/32 (c) (e)		160,507,525		139,840,613
0.750%, 07/15/28 (c) (d) (f)		5,613,735		5,223,405
0.875%, 01/15/29 (c)		19,871,507		18,435,674
1.625%, 10/15/27 (c) (e)		91,868,470		89,189,571
				1,247,421,839
Total U.S. Treasury & Government Agencies (Cost $1,463,743,891)				1,385,901,795
Asset-Backed Securities—9.8%
Asset-Backed-Home Equity—1.0%
ACE Securities Corp. Home Equity Loan Trust 5.834%, 1M TSFR + 0.514%, 03/25/37 (a)		453,330		188,516
6.484%, 1M TSFR + 1.164%, 12/25/33 (a)		970,819		941,344

BHFTI-256

Brighthouse Funds Trust I

PIMCO Inflation Protected Bond Portfolio

Schedule of Investments as of September 30, 2023 (Unaudited)

Asset-Backed Securities—(Continued)

Security Description	Principal Amount*		Value
Asset-Backed-Home Equity—(Continued)
Asset-Backed Securities Corp. Home Equity Loan Trust 6.259%, 1M TSFR + 0.939%, 04/25/34 (a)		1,242,615	$	1,177,139
Citigroup Mortgage Loan Trust, Inc. 5.614%, 1M TSFR + 0.294%, 03/25/37 (a)		795,832		646,909
5.724%, 1M TSFR + 0.404%, 09/25/36 (144A) (a)		826,057		778,821
6.124%, 1M TSFR + 0.804%, 10/25/35 (a)		3,700,000		3,151,156
First NLC Trust 5.504%, 1M TSFR + 0.184%, 08/25/37 (144A) (a)		785,410		387,459
GSAA Home Equity Trust 6.720%, 03/25/46 (i)		296,652		161,900
Home Equity Asset Trust 6.109%, 1M TSFR + 0.789%, 02/25/36 (a)		1,563,469		1,487,945
6.289%, 1M TSFR + 0.969%, 08/25/34 (a)		247,594		240,204
HSI Asset Securitization Corp. Trust 5.534%, 1M TSFR + 0.214%, 10/25/36 (a)		4,007		1,570
MASTR Asset-Backed Securities Trust 6.184%, 1M TSFR + 0.864%, 10/25/35 (a)		94,125		85,515
Morgan Stanley ABS Capital I, Inc. Trust 6.094%, 1M TSFR + 0.774%, 01/25/35 (a)		568,027		541,603
6.109%, 1M TSFR + 0.789%, 09/25/35 (a)		1,269,652		1,177,351
New Century Home Equity Loan Trust 6.199%, 1M TSFR + 0.879%, 02/25/35 (a)		316,385		292,241
Nomura Home Equity Loan, Inc. 5.869%, 1M TSFR + 0.549%, 03/25/36 (a)		1,190,800		1,164,734
NovaStar Mortgage Funding Trust 6.139%, 1M TSFR + 0.819%, 01/25/36 (a)		442,000		433,818
Residential Asset Securities Corporation Trust 5.894%, 1M TSFR + 0.344%, 06/25/36 (a)		2,996,848		2,849,876
Soundview Home Loan Trust 5.614%, 1M TSFR + 0.294%, 07/25/37 (a)		303,633		255,493
5.634%, 1M TSFR + 0.314%, 06/25/37 (a)		1,873,550		1,283,360
				17,246,954
Asset-Backed-Other—8.7%
522 Funding CLO Ltd. 6.628%, 3M TSFR + 1.302%, 10/20/31 (144A) (a)		1,500,000		1,489,859
ACAS CLO Ltd. 6.462%, 3M TSFR + 1.152%, 10/18/28 (144A) (a)		1,353,738		1,349,813
AMMC CLO XII Ltd. 6.577%, 3M TSFR + 1.212%, 11/10/30 (144A) (a)		783,654		782,027
Anchorage Capital CLO 11 Ltd. 6.747%, 3M TSFR + 1.402%, 07/22/32 (144A) (a)		1,600,000		1,590,560
Anchorage Capital CLO 6 Ltd. 6.620%, 3M TSFR + 1.312%, 07/15/30 (144A) (a)		1,022,736		1,020,706
Anchorage Capital CLO 9 Ltd. 6.710%, 3M TSFR + 1.402%, 07/15/32 (144A) (a)		300,000		298,151
Apidos CLO XXVI Ltd. 6.472%, 3M TSFR + 1.162%, 07/18/29 (144A) (a)		1,455,138		1,449,357
Apidos CLO XXVII Ltd. 6.500%, 3M TSFR + 1.192%, 07/17/30 (144A) (a)		1,586,400		1,579,707
Arbor Realty Commercial Real Estate Notes Ltd. 6.763%, SOFR30A + 1.450%, 01/15/37 (144A) (a)		2,600,000		2,570,749
ARES European CLO VI DAC 4.273%, 3M EURIBOR + 0.610%, 04/15/30 (144A) (EUR) (a)		687,713		714,543
Asset-Backed-Other—(Continued)
ARES L CLO Ltd. 6.620%, 3M TSFR + 1.312%, 01/15/32 (144A) (a)		700,000		697,120
ARES LII CLO Ltd. 6.657%, 3M TSFR + 1.312%, 04/22/31 (144A) (a)		1,700,000		1,690,283
Argent Securities Trust 5.754%, 1M TSFR + 0.434%, 05/25/36 (a)		225,504		53,537
Atlas Senior Loan Fund Ltd. 6.720%, 3M TSFR + 1.412%, 01/16/30 (144A) (a)		1,456,539		1,454,567
Atlas Senior Loan Fund X Ltd. 6.660%, 3M TSFR + 1.352%, 01/15/31 (144A) (a)		507,852		505,172
Barings CLO Ltd. 6.658%, 3M TSFR + 1.332%, 01/20/32 (144A) (a)		1,900,000		1,896,329
BDS LLC 7.127%, 1M TSFR + 1.800%, 03/19/39 (144A) (a)		1,900,000		1,885,224
Benefit Street Partners CLO XII Ltd. 6.520%, 3M TSFR + 1.212%, 10/15/30 (144A) (a)		896,429		894,730
Birch Grove CLO Ltd. 6.801%, 3M TSFR + 1.392%, 06/15/31 (144A) (a)		953,691		950,306
BlackRock European CLO IV DAC 4.513%, 3M EURIBOR + 0.850%, 07/15/30 (144A) (EUR) (a)		1,146,700		1,196,867
BlueMountain CLO XXII Ltd. 6.650%, 3M TSFR + 1.342%, 07/15/31 (144A) (a)		500,000		498,267
BlueMountain EUR CLO DAC 4.511%, 3M EURIBOR + 0.790%, 04/25/32 (144A) (EUR) (a)		992,167		1,033,304
Capital Four U.S. CLO II Ltd. 7.466%, 3M TSFR + 2.140%, 10/20/30 (144A) (a)		839,732		839,646
Carlyle Euro CLO DAC 4.411%, 3M EURIBOR + 0.630%, 08/15/30 (144A) (EUR) (a)		995,667		1,035,389
Carlyle Global Market Strategies CLO Ltd. 6.540%, 3M TSFR + 1.232%, 04/17/31 (144A) (a)		496,717		495,248
6.581%, 3M TSFR + 1.212%, 08/14/30 (144A) (a)		1,882,862		1,877,610
6.687%, 3M TSFR + 1.342%, 04/22/32 (144A) (a)		400,000		397,695
Carlyle Global Market Strategies Euro CLO Ltd. 4.531%, 3M EURIBOR + 0.750%, 11/15/31 (144A) (EUR) (a)		1,599,297		1,657,175
Carlyle U.S. CLO Ltd. 6.588%, 3M TSFR + 1.262%, 04/20/31 (144A) (a)		1,592,738		1,585,426
6.750%, 3M TSFR + 1.442%, 01/15/30 (144A) (a)		470,875		469,449
Catamaran CLO Ltd. 6.707%, 3M TSFR + 1.362%, 04/22/30 (144A) (a)		1,570,656		1,567,396
CBAM Ltd. 6.838%, 3M TSFR + 1.512%, 07/20/30 (144A) (a)		609,653		609,646
Cedar Funding V CLO Ltd. 6.670%, 3M TSFR + 1.362%, 07/17/31 (144A) (a)		800,000		798,110
CIFC European Funding CLO III DAC 4.713%, 3M EURIBOR + 1.050%, 01/15/34 (144A) (EUR) (a)		800,000		829,077
CIFC Funding Ltd. 6.557%, 3M TSFR + 1.212%, 10/24/30 (144A) (a)		2,339,187		2,331,056
6.572%, 3M TSFR + 1.262%, 04/18/31 (144A) (a)		1,900,000		1,892,959
6.605%, 3M TSFR + 1.272%, 04/23/29 (144A) (a)		447,554		446,674
CIT Mortgage Loan Trust 6.784%, 1M TSFR + 1.464%, 10/25/37 (144A) (a)		133,660		133,476
6.934%, 1M TSFR + 1.614%, 10/25/37 (144A) (a)		4,400,000		4,261,753

BHFTI-257

Brighthouse Funds Trust I

PIMCO Inflation Protected Bond Portfolio

Schedule of Investments as of September 30, 2023 (Unaudited)

Asset-Backed Securities—(Continued)

Security Description	Principal Amount*		Value
Asset-Backed-Other—(Continued)
Contego CLO IV DAC 4.338%, 3M EURIBOR + 0.640%, 01/23/30 (144A) (EUR) (a)		797,620	$	827,061
Countrywide Asset-Backed Certificates Trust 5.624%, 1M TSFR + 0.304%, 11/25/37 (a)		4,703,418		4,253,546
6.174%, 1M TSFR + 0.854%, 08/25/47 (a)		21,267		20,064
CQS U.S. CLO Ltd. 7.166%, 3M TSFR + 1.850%, 07/20/31 (144A) (a)		2,192,054		2,192,054
Credit-Based Asset Servicing & Securitization LLC 5.554%, 1M TSFR + 0.234%, 07/25/37 (144A) (a)		64,014		40,317
5.654%, 1M TSFR + 0.334%, 07/25/37 (144A) (a)		1,275,787		803,491
Crestline Denali CLO XIV Ltd. 6.747%, 3M TSFR + 1.402%, 10/23/31 (144A) (a)		1,089,183		1,084,825
Crestline Denali CLO XV Ltd. 6.618%, 3M TSFR + 1.292%, 04/20/30 (144A) (a)		784,887		783,312
CSAB Mortgage-Backed Trust 6.220%, 09/25/36 (i)		389,263		119,337
Dryden 35 Euro CLO DAC 4.643%, 3M EURIBOR + 0.980%, 01/17/33 (144A) (EUR) (a)		800,000		827,869
Dryden 44 Euro CLO DAC 4.543%, 3M EURIBOR + 0.880%, 04/15/34 (144A) (EUR) (a)		1,300,000		1,332,093
Dryden 52 Euro CLO DAC 4.641%, 3M EURIBOR + 0.860%, 05/15/34 (144A) (EUR) (a)		1,000,000		1,038,593
Dryden 60 CLO Ltd. 6.620%, 3M TSFR + 1.312%, 07/15/31 (144A) (a)		700,000		698,626
Dryden 64 CLO Ltd. 6.542%, 3M TSFR + 1.232%, 04/18/31 (144A) (a)		693,214		689,925
Ellington Loan Acquisition Trust 6.534%, 1M TSFR + 1.214%, 05/25/37 (144A) (a)		1,071,639		1,016,986
Fidelity Grand Harbour CLO DAC 5.045%, 3M EURIBOR + 1.200%, 03/15/32 (144A) (EUR) (a)		900,000		937,261
First Franklin Mortgage Loan Trust 5.554%, 1M TSFR + 0.234%, 12/25/36 (a)		8,281,030		6,930,037
5.744%, 1M TSFR + 0.424%, 07/25/36 (a)		1,615,573		1,509,593
Gallatin CLO VIII Ltd. 6.660%, 3M TSFR + 1.352%, 07/15/31 (144A) (a)		400,000		398,209
GoldenTree Loan Management U.S. CLO 2 Ltd. 6.498%, 3M TSFR + 1.172%, 11/20/30 (144A) (a)		724,563		722,316
GSAMP Trust 6.169%, 1M TSFR + 0.849%, 09/25/35 (a)		89,315		85,694
HalseyPoint CLO 3 Ltd. 7.081%, 3M TSFR + 1.712%, 11/30/32 (144A) (a)		500,000		499,736
HSI Asset Securitization Corp. Trust 5.754%, 1M TSFR + 0.434%, 05/25/37 (a)		65,592		65,200
JP Morgan Mortgage Acquisition Trust 5.644%, 1M TSFR + 0.324%, 10/25/36 (a)		40,563		39,740
KKR CLO 11 Ltd. 6.750%, 3M TSFR + 1.442%, 01/15/31 (144A) (a)		469,126		468,320
Laurelin DAC 4.425%, 3M EURIBOR + 0.720%, 10/20/31 (144A) (EUR) (a)		700,000		727,866
Asset-Backed-Other—(Continued)
LCM Loan Income Fund I Ltd. 6.618%, 3M TSFR + 1.292%, 04/20/31 (144A) (a)		4,153,299		4,130,061
LCM XIII LP 6.452%, 3M TSFR + 1.132%, 07/19/27 (144A) (a)		1,101,349		1,098,557
LCM XXV Ltd. 6.426%, 3M TSFR + 1.100%, 07/20/30 (144A) (a)		668,082		664,411
LoanCore Issuer Ltd. 6.863%, SOFR30A + 1.550%, 01/17/37 (144A) (a)		2,100,000		2,074,926
Lockwood Grove CLO Ltd. 6.783%, 3M TSFR + 1.432%, 01/25/30 (144A) (a)		383,482		381,717
Long Beach Mortgage Loan Trust 5.674%, 1M TSFR + 0.354%, 08/25/36 (a)		851,480		323,550
M360 2021-CRE3 Ltd. 6.938%, 1M TSFR + 1.614%, 11/22/38 (144A) (a)		600,000		588,100
Madison Park Euro Funding IX DAC 4.543%, 3M EURIBOR + 0.880%, 07/15/35 (144A) (EUR) (a)		700,000		716,045
Madison Park Funding XLI Ltd. 6.437%, 3M TSFR + 1.092%, 04/22/27 (144A) (a)		1,730,457		1,728,003
Madison Park Funding XXVI Ltd. 6.831%, 3M TSFR + 1.462%, 07/29/30 (144A) (a)		392,430		392,060
Man GLG Euro CLO II DAC 4.533%, 3M EURIBOR + 0.870%, 01/15/30 (144A) (EUR) (a)		395,392		415,461
Man GLG Euro CLO V DAC 4.535%, 3M EURIBOR + 0.690%, 12/15/31 (144A) (EUR) (a)		4,192,004		4,362,291
Marathon Static CLO Ltd. 7.152%, 3M TSFR + 1.750%, 07/20/30 (144A) (a)		3,500,000		3,498,219
MF1 LLC 7.477%, 1M TSFR + 2.150%, 06/19/37 (144A) (a)		1,800,000		1,799,982
MF1 Ltd. 6.525%, 1M TSFR + 1.194%, 10/16/36 (144A) (a)		700,000		688,313
MKS CLO Ltd. 6.778%, 3M TSFR + 1.452%, 01/20/31 (144A) (a)		3,806,270		3,800,313
Morgan Stanley ABS Capital I, Inc. Trust 6.409%, 1M TSFR + 1.089%, 07/25/34 (a)		44,008		42,960
6.484%, 1M TSFR + 1.164%, 06/25/35 (a)		1,232,000		1,108,909
Morgan Stanley IXIS Real Estate Capital Trust 5.484%, 1M TSFR + 0.164%, 11/25/36 (a)		519		178
Mountain View CLO LLC 6.660%, 3M TSFR + 1.352%, 10/16/29 (144A) (a)		1,257,990		1,256,057
Oak Hill European Credit Partners VII DAC 4.445%, 3M EURIBOR + 0.740%, 10/20/31 (144A) (EUR) (a)		2,099,353		2,172,811
Oaktree CLO Ltd. 6.717%, 3M TSFR + 1.372%, 04/22/30 (144A) (a)		600,000		595,299
OCP Euro CLO DAC 4.483%, 3M EURIBOR + 0.820%, 01/15/32 (144A) (EUR) (a)		747,820		783,691
Octagon Investment Partners 18-R Ltd. 6.530%, 3M TSFR + 1.222%, 04/16/31 (144A) (a)		1,200,000		1,192,330
Octagon Investment Partners XXI Ltd. 6.631%, 3M TSFR + 1.262%, 02/14/31 (144A) (a)		1,100,000		1,094,100
OSD CLO Ltd. 6.440%, 3M TSFR + 1.132%, 04/17/31 (144A) (a)		2,165,777		2,149,178

BHFTI-258

Brighthouse Funds Trust I

PIMCO Inflation Protected Bond Portfolio

Schedule of Investments as of September 30, 2023 (Unaudited)

Asset-Backed Securities—(Continued)

Security Description	Principal Amount*		Value
Asset-Backed-Other—(Continued)
OZLM IX Ltd. 6.688%, 3M TSFR + 1.362%, 10/20/31 (144A) (a)		500,000	$	495,232
OZLM VIII Ltd. 6.550%, 3M TSFR + 1.242%, 10/17/29 (144A) (a)		1,631,169		1,628,048
OZLM XXIV Ltd. 6.748%, 3M TSFR + 1.422%, 07/20/32 (144A) (a)		300,000		296,296
Palmer Square European Loan Funding 5.611%, 3M EURIBOR + 1.950%, 04/12/32 (144A) (EUR) (a)		4,540,703		4,801,859
Palmer Square Loan Funding Ltd. 6.370%, 3M TSFR + 1.062%, 10/15/29 (144A) (a)		2,303,370		2,292,498
6.388%, 3M TSFR + 1.062%, 07/20/29 (144A) (a)		2,220,458		2,210,195
Park Place Securities, Inc. Asset-Backed Pass-Through Certificates 6.169%, 1M TSFR + 0.849%, 09/25/35 (a)		101,782		97,071
6.484%, 1M TSFR + 1.164%, 10/25/34 (a)		2,027,799		1,972,274
Romark CLO Ltd. 6.637%, 3M TSFR + 1.292%, 10/23/30 (144A) (a)		1,193,002		1,188,942
Saranac CLO VI Ltd. 6.807%, 3M TSFR + 1.402%, 08/13/31 (144A) (a)		1,800,000		1,784,615
Saxon Asset Securities Trust 5.744%, 1M TSFR + 0.424%, 09/25/37 (a)		482,053		451,753
Securitized Asset-Backed Receivables LLC Trust 5.734%, 1M TSFR + 0.414%, 07/25/36 (a)		281,209		110,065
5.754%, 1M TSFR + 0.434%, 07/25/36 (a)		3,084,612		1,042,012
Segovia European CLO DAC 4.585%, 3M EURIBOR + 0.880%, 07/20/32 (144A) (EUR) (a)		300,000		312,155
Sound Point CLO IX Ltd. 6.798%, 3M TSFR + 1.472%, 07/20/32 (144A) (a)		1,400,000		1,391,494
Sound Point CLO XV Ltd. 6.507%, 3M TSFR + 1.162%, 01/23/29 (144A) (a)		598,754		597,293
Soundview Home Loan Trust 5.554%, 1M TSFR + 0.234%, 11/25/36 (144A) (a)		39,871		10,815
Structured Asset Securities Corp. Mortgage Loan Trust 6.944%, 1M TSFR + 1.614%, 04/25/35 (a)		46,238		45,295
TCW CLO Ltd. 6.583%, 3M TSFR + 1.232%, 04/25/31 (144A) (a)		852,044		849,890
THL Credit Wind River CLO Ltd. 6.650%, 3M TSFR + 1.342%, 07/15/31 (144A) (a)		2,000,000		1,989,440
Toro European CLO 5 DAC 4.403%, 3M EURIBOR + 0.740%, 10/15/30 (144A) (EUR) (a)		1,705,527		1,782,583
Tralee CLO VII Ltd. 6.933%, 3M TSFR + 1.582%, 04/25/34 (144A) (a)		1,400,000		1,381,584
TRTX Issuer Ltd. 6.963%, SOFR30A + 1.650%, 02/15/39 (144A) (a)		800,000		783,002
U.S. Small Business Administration 5.510%, 11/01/27		266,789		261,081
Venture 33 CLO Ltd. 6.630%, 3M TSFR + 1.322%, 07/15/31 (144A) (a)		300,000		298,151
Venture XVII CLO Ltd. 6.450%, 3M TSFR + 1.142%, 04/15/27 (144A) (a)		542,071		540,392
Venture XXIV CLO Ltd. 6.488%, 3M TSFR + 1.162%, 10/20/28 (144A) (a)		694,402		691,420
Venture XXV CLO Ltd. 6.608%, 3M TSFR + 1.282%, 04/20/29 (144A) (a)		107,390		107,187
Asset-Backed-Other—(Continued)
Vibrant CLO XI Ltd. 6.708%, 3M TSFR + 1.382%, 07/20/32 (144A) (a)		900,000		889,931
VMC Finance LLC 7.213%, SOFR30A + 1.900%, 02/18/39 (144A) (a)		400,000		391,010
Voya CLO Ltd. 6.472%, 3M TSFR + 1.162%, 01/18/29 (144A) (a)		841,627		839,776
6.550%, 3M TSFR + 1.242%, 06/07/30 (144A) (a)		230,323		229,693
Wellfleet CLO Ltd. 6.478%, 3M TSFR + 1.152%, 07/20/29 (144A) (a)		218,317		217,683
6.648%, 3M TSFR + 1.322%, 10/20/29 (144A) (a)		360,367		359,780
Wind River CLO Ltd. 6.622%, 3M TSFR + 1.312%, 07/18/31 (144A) (a)		597,541		594,124
				144,933,195
Asset-Backed - Student Loan—0.1%
SLM Student Loan Trust 5.866%, SOFR90A + 0.812%, 10/25/64 (144A) (a)		2,154,463		2,119,345
Total Asset-Backed Securities (Cost $166,265,344)				164,299,494
Foreign Government—8.1%
Sovereign—8.1%
Canada Government Real Return Bond 4.250%, 12/01/26 (CAD) (c)		8,639,088		6,723,319
French Republic Government Bonds OAT 0.100%, 03/01/26 (144A) (EUR) (c)		18,132,365		18,865,251
0.100%, 07/25/31 (144A) (EUR) (c)		1,874,640		1,884,451
0.100%, 07/25/38 (144A) (EUR) (c)		6,557,223		6,007,674
0.250%, 07/25/24 (EUR) (c)		4,862,949		5,132,099
Italy Buoni Poliennali Del Tesoro 0.400%, 05/15/30 (144A) (EUR) (c)		3,920,301		3,688,154
1.400%, 05/26/25 (144A) (EUR) (c)		57,088,544		59,405,644
Japan Government CPI-Linked Bonds 0.005%, 03/10/31 (JPY) (c)		23,413,280		166,387
0.100%, 03/10/28 (JPY) (c)		1,664,676,260		11,740,958
0.100%, 03/10/29 (JPY) (c)		2,696,266,610		18,998,720
New Zealand Government Bond Inflation-Linked 3.000%, 09/20/30 (NZD) (c)		5,000,000		3,828,409
Total Foreign Government (Cost $147,681,180)				136,441,066
Corporate Bonds & Notes—2.5%
Banks—1.6%
Bank of America Corp. 5.875%, 3M TSFR + 3.193%, 03/15/28 (a)		1,570,000		1,424,244
Lloyds Banking Group PLC 4.947%, 5Y EUR Swap + 5.290%, 06/27/25 (EUR) (a)		900,000		882,159
Nykredit Realkredit AS 0.500%, 10/01/43 (DKK)		19,463,302		2,069,230
1.000%, 10/01/50 (DKK)		70,600,750		7,142,834
1.000%, 10/01/53 (DKK)		9,564		870
1.500%, 10/01/53 (DKK)		28,489,995		3,004,267
2.500%, 10/01/47 (DKK)		5,246		648

BHFTI-259

Brighthouse Funds Trust I

PIMCO Inflation Protected Bond Portfolio

Schedule of Investments as of September 30, 2023 (Unaudited)

Corporate Bonds & Note—(Continued)

Security Description	Principal Amount*		Value
Banks—(Continued)
UBS Group AG 0.650%, 1Y EUR Swap + 0.770%, 01/14/28 (EUR) (a)		100,000	$	92,148
1.000%, 1Y EURIBOR ICE Swap + 1.050%, 06/24/27 (EUR) (a)		100,000		95,173
2.125%, 1Y UKG + 1.550%, 11/15/29 (GBP) (a)		100,000		99,529
7.000%, 1Y UKG + 4.200%, 09/30/27 (GBP) (a)		100,000		123,487
7.750%, 1Y EURIBOR ICE Swap + 4.950%, 03/01/29 (EUR) (a)		100,000		116,718
UniCredit SpA 7.830%, 12/04/23 (144A)		10,700,000		10,701,885
				25,753,192
Diversified Financial Services—0.9%
Avolon Holdings Funding Ltd. 2.528%, 11/18/27 (144A)		114,000		96,233
Jyske Realkredit AS 0.500%, 10/01/43 (DKK)		6,469,278		688,190
1.000%, 10/01/50 (DKK)		23,408,457		2,370,789
1.000%, 10/01/53 (DKK)		11,664,979		1,081,178
1.500%, 10/01/53 (DKK)		9,096,950		952,989
2.000%, 10/01/53 (DKK)		7,277,017		699,871
2.500%, 10/01/47 (DKK)		3,446		418
Nordea Kredit Realkreditaktieselskab 0.500%, 10/01/43 (DKK)		2,617,670		278,946
1.000%, 10/01/50 (DKK)		44,383,758		4,413,555
1.500%, 10/01/53 (DKK)		11,298,460		1,099,002
2.000%, 10/01/53 (144A) (DKK)		699,553		76,321
2.000%, 10/01/53 (DKK)		4,299,311		418,463
2.500%, 10/01/47 (DKK)		893		109
Realkredit Danmark AS 1.000%, 10/01/50 (DKK)		19,268,736		1,947,850
1.000%, 10/01/53 (DKK)		5,866,431		585,658
1.500%, 10/01/53 (DKK)		4,277,749		444,302
2.000%, 10/01/53 (DKK)		2,688,272		261,919
2.500%, 04/01/47 (DKK)		8,390		1,020
				15,416,813
Electric—0.0%
Eversource Energy 2.900%, 10/01/24		100,000		96,895
Gas—0.0%
Southern Co. Gas Capital Corp. 2.450%, 10/01/23		200,000		200,000
Software—0.0%
VMware, Inc. 3.900%, 08/21/27		300,000		279,483
Total Corporate Bonds & Notes (Cost $47,656,783)				41,746,383
Mortgage-Backed Securities—2.0%
Security Description	Principal Amount*		Value
Collateralized Mortgage Obligations—2.0%
Banc of America Funding Trust 4.757%, 02/20/36 (a)		107,929		99,240
Banc of America Mortgage Trust 4.587%, 06/25/35 (a)		27,522		22,868
5.127%, 09/25/35 (a)		23,925		20,308
Bear Stearns ALT-A Trust 4.598%, 09/25/35 (a)		427,327		258,165
5.754%, 1M TSFR + 0.434%, 02/25/34 (a)		59,457		52,876
Bear Stearns ARM Trust 4.241%, 03/25/35 (a)		98,369		87,491
Chase Mortgage Finance Trust 5.305%, 02/25/37 (a)		15,477		14,625
CHL Mortgage Pass-Through Trust 6.000%, 03/25/37		790,176		374,625
6.014%, 1M TSFR + 0.694%, 04/25/35 (a)		242,734		218,589
Citigroup Mortgage Loan Trust, Inc. 4.109%, 03/25/37 (a)		1,167,894		989,330
6.980%, 1Y H15 + 2.400%, 05/25/35 (a)		2,054		1,982
7.248%, 08/25/35 (a)		398		368
Countrywide Alternative Loan Trust 5.000%, 07/25/35		124,140		68,706
5.500%, 06/25/25		375,280		296,312
5.619%, 1M TSFR + 0.294%, 02/20/47 (a)		394,256		298,530
5.674%, 1M TSFR + 0.354%, 06/25/36 (a)		1,100,656		967,380
5.794%, 1M TSFR + 0.474%, 05/25/47 (a)		110,477		92,564
5.994%, 1M TSFR + 0.674%, 12/25/35 (a)		14,806		12,988
6.000%, 03/25/37		3,057,439		1,150,272
6.000%, 04/25/37		509,699		418,045
Countrywide Home Reperforming Loan REMIC Trust 5.774%, 1M TSFR + 0.454%, 06/25/35 (144A) (a)		26,494		24,201
Credit Suisse Mortgage Capital Certificates 3.364%, 11/30/37 (144A) (a)		2,425,706		2,193,388
4.883%, 10/26/36 (144A) (a)		39,231		32,279
5.584%, 1M TSFR + 0.264%, 09/29/36 (144A) (a)		532,583		510,631
Deutsche Alt-A Securities, Inc. Mortgage Loan Trust 5.534%, 1M TSFR + 0.214%, 10/25/36 (a)		8,696		6,677
6.369%, 10/25/36 (i)		152,250		118,396
6.386%, 10/25/36 (i)		152,250		118,394
Eurosail-U.K. PLC 6.288%, SONIA + 1.069%, 06/13/45 (GBP) (a)		733,433		888,186
First Horizon Alternative Mortgage Securities Trust 6.440%, 06/25/34 (a)		57,394		53,179
Great Hall Mortgages No. 1 PLC 5.468%, SONIA + 0.249%, 03/18/39 (GBP) (a)		26,559		32,108
5.488%, SONIA + 0.269%, 06/18/38 (GBP) (a)		10,747		13,057
GreenPoint Mortgage Funding Trust 5.794%, 1M TSFR + 0.474%, 09/25/46 (a)		283,752		246,873
5.874%, 1M TSFR + 0.554%, 06/25/45 (a)		98,105		91,544
5.974%, 1M TSFR + 0.654%, 11/25/45 (a)		52,882		45,070
GSR Mortgage Loan Trust 3.893%, 05/25/35 (a)		118,945		96,211
4.353%, 09/25/35 (a)		42,976		39,761
4.502%, 11/25/35 (a)		124,140		102,308
4.796%, 01/25/35 (a)		33,169		30,177
5.005%, 12/25/34 (a)		147,516		132,235

BHFTI-260

Brighthouse Funds Trust I

PIMCO Inflation Protected Bond Portfolio

Schedule of Investments as of September 30, 2023 (Unaudited)

Mortgage-Backed Securities—(Continued)

Security Description	Principal Amount*		Value
Collateralized Mortgage Obligations—(Continued)
HarborView Mortgage Loan Trust 5.632%, 1M TSFR + 0.304%, 09/19/37 (a)		16,067	$	13,476
5.882%, 1M TSFR + 0.554%, 05/19/35 (a)		26,372		24,015
6.002%, 1M TSFR + 0.674%, 02/19/36 (a)		72,318		35,376
6.339%, 1M TSFR + 1.014%, 06/20/35 (a)		145,321		128,872
IndyMac INDA Mortgage Loan Trust 4.254%, 11/25/35 (a)		25,088		24,535
JP Morgan Mortgage Trust 3.741%, 07/27/37 (144A) (a)		241,634		215,565
4.163%, 06/25/35 (a)		34		33
4.246%, 02/25/35 (a)		43,565		39,574
4.528%, 07/25/35 (a)		40,084		37,349
5.053%, 08/25/35 (a)		63,520		52,496
5.398%, 09/25/35 (a)		12,191		11,171
5.678%, 07/25/35 (a)		19,488		18,865
5.827%, 08/25/35 (a)		54,317		50,322
Lehman XS Trust 5.974%, 1M TSFR + 0.654%, 12/25/35 (a)		62,642		55,083
7.734%, 1M TSFR + 2.414%, 12/25/37 (a)		2,125,278		2,129,547
MASTR Adjustable Rate Mortgages Trust 3.717%, 12/25/33 (a)		16,506		14,694
5.387%, 11/21/34 (a)		33,619		31,260
Mellon Residential Funding Corp. Mortgage Pass-Through Certificates 6.147%, 1M TSFR + 0.814%, 11/15/31 (a)		43,137		40,601
Mellon Residential Funding Corp. Mortgage Pass-Through Trust 5.887%, 1M TSFR + 0.554%, 12/15/30 (a)		6,384		5,952
Mill City Mortgage Loan Trust 2.750%, 08/25/59 (144A) (a)		480,746		445,856
New Residential Mortgage Loan Trust 2.750%, 07/25/59 (144A) (a)		4,010,520		3,702,888
Opteum Mortgage Acceptance Corp. Asset-Backed Pass-Through Certificates 6.484%, 1M TSFR + 1.164%, 04/25/35 (a)		2,000,000		1,947,910
Residential Accredit Loans, Inc. Trust 5.291%, 10/25/37 (a)		597,788		512,786
5.734%, 1M TSFR + 0.414%, 08/25/35 (a)		43,162		31,674
5.986%, 12M MTA + 1.360%, 09/25/45 (a)		46,289		39,800
Residential Asset Securitization Trust 6.500%, 09/25/36		269,627		89,688
Residential Mortgage Securities 32 PLC 6.469%, SONIA + 1.250%, 06/20/70 (144A) (GBP) (a)		1,858,705		2,272,297
Sequoia Mortgage Trust 5.839%, 1M LIBOR + 0.400%, 07/20/36 (a)		191,277		160,458
6.142%, 1M TSFR + 0.814%, 10/19/26 (a)		10,404		10,031
Structured Adjustable Rate Mortgage Loan Trust 6.026%, 12M MTA + 1.400%, 01/25/35 (a)		44,875		37,172
6.379%, 02/25/34 (a)		25,186		23,429
Structured Asset Mortgage Investments II Trust 5.814%, 1M TSFR + 0.494%, 06/25/36 (a)		14,574		13,988
5.854%, 1M TSFR + 0.534%, 05/25/36 (a)		12,920		8,311
5.942%, 1M TSFR + 0.614%, 07/19/35 (a)		45,538		40,506
6.102%, 1M TSFR + 0.774%, 10/19/34 (a)		21,077		19,484
Collateralized Mortgage Obligations—(Continued)
TBW Mortgage-Backed Trust 6.515%, 07/25/37 (i)		141,210		52,582
Towd Point Mortgage Funding 6.304%, SONIA + 1.144%, 10/20/51 (144A) (GBP) (a)		3,039,340		3,711,395
Towd Point Mortgage Trust 6.434%, 1M TSFR + 1.114%, 10/25/59 (144A) (a)		763,761		762,452
Wachovia Mortgage Loan Trust 1.502%, 1M TSFR + 0.574%, 01/25/37 (a)		1,510,118		555,792
WaMu Mortgage Pass-Through Certificates Trust 3.347%, 11/25/36 (a)		3,382,440		2,860,018
3.844%, 08/25/35 (a)		9,514		8,447
4.032%, 12/25/35 (a)		37,324		32,283
4.269%, 12M MTA + 0.810%, 12/25/46 (a)		28,012		24,045
5.396%, 12M MTA + 0.770%, 05/25/47 (a)		153,232		121,251
5.626%, 12M MTA + 1.000%, 02/25/46 (a)		51,098		44,292
5.626%, 12M MTA + 1.000%, 08/25/46 (a)		1,589,876		1,437,486
5.674%, 12M MTA + 1.048%, 07/25/46 (a)		280,814		226,156
5.826%, 12M MTA + 1.200%, 11/25/42 (a)		4,648		4,235
6.126%, 12M MTA + 1.500%, 11/25/46 (a)		93,369		79,952
Wells Fargo Mortgage-Backed Securities Trust 4.770%, 04/25/36 (a)		31,029		28,802
				32,454,191
Commercial Mortgage-Backed Securities—0.0%
JP Morgan Chase Commercial Mortgage Securities Trust 6.830%, 1M TSFR + 1.497%, 12/15/31 (144A) (a)		634,905		540,493
Total Mortgage-Backed Securities (Cost $206,110,986)				32,994,684
Convertible Preferred Stock—0.1%
Banks—0.1%
Wells Fargo & Co. - Class A, 7.500% (Cost $900,000)		900		1,003,500
Short-Term Investments—41.2%
Commercial Paper—0.3%
AT&T, Inc. 5.700%, 03/19/24 (j)		4,800,000		4,667,996
Repurchase Agreements—40.9%
Barclays Bank PLC Repurchase Agreement dated 09/29/23 at 5.320%, due on10/03/23 with a maturity value of $677,500,105; collateralized by U.S. Treasury Note at 1.875%, maturing 02/28/27 with a market value of $690,125,977		677,400,000		677,400,000

BHFTI-261

Brighthouse Funds Trust I

PIMCO Inflation Protected Bond Portfolio

Schedule of Investments as of September 30, 2023 (Unaudited)

Short-Term Investments—(Continued)

Security Description	Principal Amount*		Value
Repurchase Agreements—(Continued)
Fixed Income Clearing Corp. Repurchase Agreement dated 09/29/23 at 2.500%, due on 10/02/23 with a maturity value of $6,797,177; collateralized by U.S. Treasury Note at 0.750%, maturing 04/30/26, with a market value of $6,931,752		6,795,761	$	6,795,761
				684,195,761
Total Short-Term Investments (Cost $688,866,561)				688,863,757
Total Purchased Options—0.4% (k) (Cost $1,135,862)				6,337,331
Total Investments—147.0% (Cost $2,722,360,607)				2,457,588,010
Other assets and liabilities (net)—(47.0)%				(785,350,434	)
Net Assets—100.0%			$	1,672,237,576

*	Principal and notional amounts stated in U.S. dollars unless otherwise noted.
(a)	Variable or floating rate security. The stated rate represents the rate at September 30, 2023. 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 pledged as collateral against open OTC swap contracts, open OTC option contracts and forward foreign currency exchange contracts. As of September 30, 2023, the market value of securities pledged was $11,592,628.
(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 TBA securities. As of September 30, 2023, the market value of securities pledged was $2,730,008.
(g)	All or a portion of the security was pledged as collateral against open futures contracts. As of September 30, 2023, the market value of securities pledged was $9,971,951.
(h)	All or a portion of the security was pledged as collateral against open centrally cleared swap contracts. As of September 30, 2023, the market value of securities pledged was $8,238,325.
(i)	Security is a “step-up” bond where coupon increases or steps up at a predetermined date. Rate shown is current coupon rate.
(j)	The rate shown represents current yield to maturity.
(k)	For a breakout of open positions, see details shown in the Purchased Options table that follows.
(144A)	Securities exempt from registration under Rule 144A of the Securities Act of 1933. These securities may be resold in transactions exempt from registration, normally to qualified institutional buyers. As of September 30, 2023, the market value of 144A securities was $244,823,982, which is 14.6% of net assets.

TBA Forward Sale Commitments

Security Description	Interest Rate			Maturity	Face Amount			Cost			Value
Uniform Mortgage-Backed Security, TBA		5.500	%	TBA	$	(14,000,000	)	$	(13,742,422	)	$	(13,529,141	)

Forward Foreign Currency Exchange Contracts

Contracts to Buy		Counterparty	Settlement Date		In Exchange for			Unrealized Appreciation/ (Depreciation)
DKK	195,865,299	JPMC		10/03/23		USD	27,692,423	$	72,363
EUR	1,166,000	BNP		10/03/23		USD	1,254,805		(22,051	)
EUR	1,296,000	BNP		10/03/23		USD	1,387,915		(17,720	)
EUR	118,206,196	BNP		10/03/23		USD	125,263,106		(289,594	)
GBP	6,559,000	BNP		10/03/23		USD	7,977,561		25,075
JPY	2,777,339,872	DBAG		10/03/23		USD	18,679,983		(95,000	)
MXN	97,724,917	GSBU		10/16/23		USD	5,584,632		10,768
MXN	132,943	JPMC		11/17/23		USD	7,660		(89	)
NZD	2,598,000	DBAG		10/03/23		USD	1,529,267		27,844
NZD	6,154,970	UBSA		10/03/23		USD	3,657,499		31,483
Contracts to Deliver
AUD	170,668	UBSA		10/03/23		USD	110,359		628
BRL	4,963,341	GSBU		11/03/23		USD	989,768		6,636
CAD	9,114,534	UBSA		10/03/23		USD	6,722,376		11,878

BHFTI-262

Brighthouse Funds Trust I

PIMCO Inflation Protected Bond Portfolio

Schedule of Investments as of September 30, 2023 (Unaudited)

Forward Foreign Currency Exchange Contracts—(Continued)

Contracts to Deliver		Counterparty	Settlement Date		In Exchange for			Unrealized Appreciation/ (Depreciation)
CAD	9,102,264	BBP		11/02/23		USD	6,779,125	$	74,875
DKK	195,923,896	BNP		10/03/23		USD	28,638,192		865,099
DKK	195,561,009	JPMC		11/02/23		USD	27,692,424		(72,277	)
EUR	115,102,196	BNP		10/03/23		USD	125,481,421		3,789,614
EUR	3,431,000	BNP		10/03/23		USD	3,682,768		55,343
EUR	2,135,000	JPMC		10/03/23		USD	2,320,151		62,922
EUR	118,206,196	BNP		11/02/23		USD	125,416,656		288,974
GBP	6,559,000	UBSA		10/03/23		USD	8,303,543		300,908
GBP	6,559,000	BNP		11/02/23		USD	7,978,925		(25,189	)
JPY	1,096,800,000	CBNA		10/03/23		USD	7,574,776		235,375
JPY	3,432,789,858	UBSA		10/03/23		USD	23,637,896		666,872
JPY	99,900,000	BBP		11/02/23		USD	672,942		1,239
JPY	2,764,168,616	DBAG		11/02/23		USD	18,679,983		94,397
JPY	1,749,862,043	JPMC		11/02/23		USD	11,783,000		17,361
KRW	135,533,422	CBNA		12/20/23		USD	102,712		1,818
MXN	105,688,386	GSBU		10/04/23		USD	6,130,701		67,225
NZD	8,752,970	UBSA		10/03/23		USD	5,205,864		(40,229	)
NZD	6,154,970	UBSA		11/02/23		USD	3,657,431		(31,574	)
TWD	985,366	CBNA		12/20/23		USD	31,059		236
TWD	756,462	JPMC		12/20/23		USD	23,922		260
TWD	644,385	JPMC		12/20/23		USD	20,370		213
Net Unrealized Appreciation								$	6,115,683

Futures Contracts

Futures Contracts—Long	Expiration Date		Number of Contracts			Notional Value				Value/ Unrealized Appreciation/ (Depreciation)
Euro-BTP Futures		12/07/23		119			EUR	13,057,870		$	(450,159	)
U.S. Treasury Note 10 Year Futures		12/19/23		320			USD	34,580,000			(595,454	)
U.S. Treasury Note Ultra 10 Year Futures		12/19/23		635			USD	70,842,188			(2,071,175	)
U.S. Treasury Ultra Long Bond Futures		12/19/23		254			USD	30,146,625			(2,339,285	)
Futures Contracts—Short
Australian 10 Year Treasury Bond Futures		12/15/23		(3	)		AUD	(335,918	)		5,803
Euro Schatz Futures		12/07/23		(2,344	)		EUR	(246,096,560	)		856,794
Euro Short BTP Futures		12/07/23		(306	)		EUR	(31,869,900	)		222,320
Euro-Bobl Futures		12/07/23		(162	)		EUR	(18,751,500	)		270,055
Euro-Bund Futures		12/07/23		(312	)		EUR	(40,135,680	)		673,039
Euro-Buxl 30 Year Bond Futures		12/07/23		(107	)		EUR	(13,092,520	)		804,443
Euro-OAT Futures		12/07/23		(111	)		EUR	(13,675,200	)		414,288
U.S. Treasury Long Bond Futures		12/19/23		(1,361	)		USD	(154,856,281	)		7,337,620
U.S. Treasury Note 2 Year Futures		12/29/23		(373	)		USD	(75,611,180	)		371,343
U.S. Treasury Note 5 Year Futures		12/29/23		(1,255	)		USD	(132,226,016	)		1,146,185
Net Unrealized Appreciation										$	6,645,817

Purchased Options

Interest Rate Swaptions

Strike Rate

Counterparty

Floating Rate Index

Pay/Receive Floating Rate

Expiration Date

Number of Contracts

Notional Amount

Premiums Paid

Market Value

Unrealized Appreciation/ (Depreciation)

Put - OTC - 30 Yr. IRS

2.237

%

DBAG

3M LIBOR

Receive

11/17/23

18,300,000

USD

18,300,000

$

1,135,862

$

6,337,331

$

5,201,469

BHFTI-263

Brighthouse Funds Trust I

PIMCO Inflation Protected Bond Portfolio

Schedule of Investments as of September 30, 2023 (Unaudited)

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	)	$	(382,245	)	$	(210,439	)	$	171,806
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	)		(4	)		254,621
Cap - CPURNSA Index		234.781	JPMC	Maximum of [(Final Index/Initial Index - 1) - 4.000%] or 0		05/16/24		(1,500,000	)		USD	(1,500,000	)		(10,425	)		—			10,425
Totals														$	(647,295	)	$	(210,443	)	$	436,852

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 - 2 Yr. IRS		2.900	%	GSBU	6M EURIBOR	Receive		08/29/25		(11,900,000	)		EUR	(11,900,000	)	$	(154,666	)	$	(108,406	)	$	46,260
Call - OTC - 2 Yr. IRS		2.950	%	CBNA	6M EURIBOR	Receive		09/15/25		(19,000,000	)		EUR	(19,000,000	)		(229,651	)		(199,287	)		30,364
Call - OTC - 2 Yr. IRS		2.800	%	GSI	6M EURIBOR	Receive		09/01/25		(25,800,000	)		EUR	(25,800,000	)		(325,147	)		(214,829	)		110,318
Put - OTC - 5 Yr. IRS		2.340	%	DBAG	3M LIBOR	Pay		11/17/23		(90,200,000	)		USD	(90,200,000	)		(1,136,520	)		(9,042,372	)		(7,905,852	)
Put - OTC - 2 Yr. IRS		2.900	%	GSBU	6M EURIBOR	Pay		08/29/25		(11,900,000	)		EUR	(11,900,000	)		(154,667	)		(155,373	)		(706	)
Put - OTC - 2 Yr. IRS		2.950	%	CBNA	6M EURIBOR	Pay		09/15/25		(19,000,000	)		EUR	(19,000,000	)		(229,651	)		(255,315	)		(25,664	)
Put - OTC - 2 Yr. IRS		2.800	%	GSI	6M EURIBOR	Pay		09/01/25		(25,800,000	)		EUR	(25,800,000	)		(325,147	)		(365,358	)		(40,211	)
Put - OTC - 2 Yr. IRS		4.611	%	BNP	SOFR	Pay		10/27/23		(95,400,000	)		USD	(95,400,000	)		(517,545	)		(595,958	)		(78,413	)
Totals																$	(3,072,994	)	$	(10,936,898	)	$	(7,863,904	)

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	$	(3,757,140	)	$	(10,425)		$	(3,746,715	)
Pay	12M CPURNSA	Maturity	1.954%	Maturity		06/03/29		USD	8,650,000		(1,166,248	)		—			(1,166,248	)
Pay	12M CPURNSA	Maturity	1.998%	Maturity		07/25/29		USD	21,500,000		(2,775,263	)		2,094			(2,777,357	)
Pay	12M CPURNSA	Maturity	2.335%	Maturity		02/05/28		USD	13,090,000		(1,230,261	)		28,402			(1,258,663	)
Pay	12M CPURNSA	Maturity	2.370%	Maturity		06/06/28		USD	6,400,000		(577,874	)		(1,137	)		(576,737	)
Pay	12M CPURNSA	Maturity	2.500%	Maturity		09/07/24		USD	7,100,000		(8,610	)		—			(8,610	)
Pay	12M CPURNSA	Maturity	2.510%	Maturity		09/08/24		USD	500,000		(549	)		—			(549	)
Pay	12M CPURNSA	Maturity	2.560%	Maturity		09/12/24		USD	6,000,000		(3,250	)		—			(3,250	)
Pay	12M CPURNSA	Maturity	2.565%	Maturity		09/12/24		USD	5,300,000		(2,619	)		—			(2,619	)
Pay	12M FRCPXT	Maturity	1.410%	Maturity		11/15/39		EUR	600,000		(161,358	)		—			(161,358	)
Pay	12M FRCPXT	Maturity	1.910%	Maturity		01/15/38		EUR	350,000		(55,737	)		2,831			(58,568	)
Pay	12M HICP	Maturity	1.380%	Maturity		03/15/31		EUR	23,400,000		(5,214,448	)		(128,219	)		(5,086,229	)
Pay	12M HICP	Maturity	2.421%	Maturity		05/15/52		EUR	650,000		(93,774	)		—			(93,774	)
Pay	12M HICP	Maturity	2.488%	Maturity		05/15/37		EUR	4,460,000		(311,504	)		4,769			(316,273	)
Pay	12M HICP	Maturity	2.550%	Maturity		04/15/52		EUR	400,000		(45,542	)		489			(46,031	)
Pay	12M HICP	Maturity	2.580%	Maturity		03/15/52		EUR	1,000,000		(117,871	)		683			(118,554	)
Pay	12M HICP	Maturity	2.590%	Maturity		03/15/52		EUR	1,400,000		(161,058	)		(34,779	)		(126,279	)
Pay	12M HICP	Maturity	2.590%	Maturity		12/15/52		EUR	2,300,000		(128,264	)		—			(128,264	)
Pay	12M HICP	Maturity	2.700%	Maturity		04/15/53		EUR	3,100,000		(42,629	)		20,412			(63,041	)
Pay	12M HICP	Maturity	2.763%	Maturity		09/15/53		EUR	2,500,000		8,795			3,090			5,705
Pay	12M HICP	Maturity	3.520%	Maturity		09/15/24		EUR	3,300,000		(45,479	)		(3,766	)		(41,713	)
Pay	12M HICP	Maturity	3.720%	Maturity		09/15/24		EUR	6,300,000		(60,235	)		(6,094	)		(54,141	)
Pay	12M HICP	Maturity	3.850%	Maturity		09/15/24		EUR	6,900,000		(47,014	)		—			(47,014	)
Pay	3M SOFR	Semi-Annually	1.888%	Semi-Annually		11/21/53		USD	5,000,000		(2,025,134	)		1,767			(2,026,901	)
Pay	12M SOFR	Annually	3.085%	Annually		02/13/34		USD	58,000,000		(5,177,596	)		(423,041	)		(4,754,555	)
Pay	3M EURIBOR	Quarterly	(0.526)%	Quarterly		11/21/23		EUR	72,000,000		(469,650	)		—			(469,650	)
Pay	6M EURIBOR	Annually	0.550%	Annually		08/10/24		EUR	100,000		(3,120	)		—			(3,120	)
Pay	6M EURIBOR	Annually	0.650%	Annually		04/12/27		EUR	7,500,000		(740,305	)		—			(740,305	)

BHFTI-264

Brighthouse Funds Trust I

PIMCO Inflation Protected Bond Portfolio

Schedule of Investments as of September 30, 2023 (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	6M EURIBOR	Annually	0.650%	Annually		05/11/27		EUR	3,400,000	$	(340,236	)	$	—		$	(340,236	)
Pay	6M EURIBOR	Annually	0.700%	Annually		04/11/27		EUR	3,100,000		(300,720	)		—			(300,720	)
Pay	6M EURIBOR	Annually	1.000%	Annually		05/13/27		EUR	6,900,000		(606,268	)		—			(606,268	)
Pay	6M EURIBOR	Annually	1.000%	Annually		05/18/27		EUR	3,000,000		(264,158	)		—			(264,158	)
Pay	6M EURIBOR	Annually	2.879%	Annually		08/15/32		EUR	21,800,000		(847,327	)		—			(847,327	)
Pay	6M EURIBOR	Annually	3.000%	Annually		03/20/34		EUR	120,890,000		(3,666,323	)		(1,407,593	)		(2,258,730	)
Receive	12M CPURNSA	Maturity	1.798%	Maturity		08/25/27		USD	9,300,000		1,374,554			—			1,374,554
Receive	12M CPURNSA	Maturity	1.890%	Maturity		08/27/27		USD	12,300,000		1,739,784			—			1,739,784
Receive	12M CPURNSA	Maturity	2.311%	Maturity		02/24/31		USD	21,200,000		2,345,789			7,239			2,338,550
Receive	12M CPURNSA	Maturity	2.314%	Maturity		02/26/26		USD	10,200,000		1,051,277			—			1,051,277
Receive	12M CPURNSA	Maturity	2.419%	Maturity		03/05/26		USD	13,000,000		1,268,812			—			1,268,812
Receive	12M CPURNSA	Maturity	2.573%	Maturity		08/26/28		USD	1,900,000		124,246			—			124,246
Receive	12M CPURNSA	Maturity	2.645%	Maturity		09/10/28		USD	2,400,000		139,387			—			139,387
Receive	12M CPURNSA	Maturity	2.703%	Maturity		05/25/26		USD	7,090,000		556,810			—			556,810
Receive	12M CPURNSA	Maturity	2.768%	Maturity		05/13/26		USD	11,300,000		864,816			—			864,816
Receive	12M CPURNSA	Maturity	2.813%	Maturity		05/14/26		USD	4,600,000		341,270			—			341,270
Receive	12M FRCPXT	Maturity	1.030%	Maturity		03/15/24		EUR	9,200,000		886,636			(362	)		886,998
Receive	12M HICP	Maturity	2.260%	Maturity		03/15/28		EUR	14,600,000		317,222			—			317,222
Receive	12M HICP	Maturity	2.359%	Maturity		08/15/30		EUR	6,200,000		313,387			27,458			285,929
Receive	12M HICP	Maturity	2.470%	Maturity		07/15/32		EUR	3,400,000		167,198			—			167,198
Receive	12M HICP	Maturity	2.570%	Maturity		06/15/32		EUR	1,700,000		67,578			—			67,578
Receive	12M HICP	Maturity	2.600%	Maturity		05/15/32		EUR	6,600,000		343,588			29,425			314,163
Receive	12M HICP	Maturity	2.720%	Maturity		06/15/32		EUR	6,500,000		159,270			(31,251	)		190,521
Receive	12M HICP	Maturity	3.000%	Maturity		05/15/27		EUR	2,000,000		73,403			719			72,684
Receive	12M HICP	Maturity	3.130%	Maturity		05/15/27		EUR	1,400,000		41,729			—			41,729
Receive	12M SOFR	Annually	2.865%	Annually		02/13/54		USD	25,800,000		4,821,265			527,906			4,293,359
Receive	12M SOFR	Annually	4.250%	Annually		12/20/25		USD	147,100,000		1,540,690			407,216			1,133,474
Receive	3M SOFR	Semi-Annually	1.840%	Semi-Annually		11/21/28		USD	24,600,000		2,996,469			(5,098	)		3,001,567
Receive	6M EURIBOR	Annually	0.190%	Annually		11/04/52		EUR	6,700,000		3,852,413			—			3,852,413
Receive	6M EURIBOR	Annually	0.195%	Annually		11/04/52		EUR	7,000,000		4,017,998			—			4,017,998
Receive	6M EURIBOR	Annually	0.197%	Annually		11/08/52		EUR	12,200,000		6,999,232			—			6,999,232
Receive	6M EURIBOR	Annually	2.750%	Annually		03/20/54		EUR	27,250,000		1,604,151			344,224			1,259,927
Receive	6M TONA	Semi-Annually	0.300%	Semi-Annually		09/20/27		JPY	788,000,000		47,577			(4,794	)		52,371
Receive	6M TONA	Semi-Annually	0.300%	Semi-Annually		03/20/28		JPY	426,780,000		35,241			(1,778	)		37,019
Receive	12M TONA	Annually	0.500%	Annually		12/15/31		JPY	3,699,000,000		696,280			6,456			689,824
Receive	12M TONA	Annually	0.550%	Annually		09/14/28		JPY	1,420,000,000		7,670			(16,326	)		23,996
Receive	12M TONA	Annually	0.850%	Annually		09/20/33		JPY	760,000,000		60,918			2,285			58,633
Totals										$	8,417,891		$	(657,198	)	$	9,075,089

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

Reference Obligation	Fixed Deal Receive Rate			Payment Frequency		Maturity Date		Implied Credit Spread at September 30, 2023(b)			Notional Amount(c)			Market Value		Upfront Premiums Paid/(Received)			Unrealized Appreciation/ (Depreciation)
General Electric Co. 2.700%, due 10/09/22		1.000	%		Quarterly		12/20/23		0.198	%		USD	1,000,000	$	1,813	$	(2,401	)	$	4,214

BHFTI-265

Brighthouse Funds Trust I

PIMCO Inflation Protected Bond Portfolio

Schedule of Investments as of September 30, 2023 (Unaudited)

OTC Total Return Swaps

Pay/Receive Floating or Fixed Rate	Fixed Rate/Floating Rate Index	Payment Frequency	Maturity Date		Counterparty	Underlying Reference Instrument	Notional Amount	Market Value			Upfront Premium Paid/(Received)			Unrealized Appreciation/ (Depreciation)
Pay	12M SOFR	Maturity		02/23/24	MSCS	United States Treasury Inflation Indexed Notes	USD  36,628,302	$	(333,694	)	$	(979,665	)	$	645,971
Pay	12M SOFR	Maturity		02/23/24	MSCS	United States Treasury Inflation Indexed Notes	USD  30,162,515		475,392			(3,106,018	)		3,581,410
Pay	5.560%	Maturity		10/10/23	MSCS	United States Treasury Inflation Indexed Notes	USD  49,393,185		(913,299	)		549,327			(1,462,626	)
Pay	5.560%	Maturity		10/10/23	MSCS	United States Treasury Inflation Indexed Notes	USD  68,512,500		162,418			(7,706,052	)		7,868,470
Pay	5.560%	Maturity		10/10/23	MSCS	United States Treasury Inflation Indexed Notes	USD  11,157,390		146,771			(1,047,742	)		1,194,513
Pay	5.560%	Maturity		10/10/23	MSCS	United States Treasury Inflation Indexed Notes	USD  45,491,160		(37,649	)		(4,970,945	)		4,933,296
Pay	5.560%	Maturity		10/10/23	MSCS	United States Treasury Inflation Indexed Notes	USD  53,516,600		(186,630	)		(3,183,449	)		2,996,819
Pay	5.560%	Maturity		10/10/23	MSCS	United States Treasury Inflation Indexed Notes	USD  37,894,652		(898,465	)		1,905,894			(2,804,359	)
Pay	5.560%	Maturity		10/10/23	MSCS	United States Treasury Inflation Indexed Notes	USD  30,381,075		256,832			(4,871,289	)		5,128,121
Pay	5.490%	Maturity		10/17/23	MSCS	United States Treasury Inflation Indexed Notes	USD  23,343,486		(131,281	)		(1,432,922	)		1,301,641
Pay	5.490%	Maturity		10/17/23	MSCS	United States Treasury Inflation Indexed Notes	USD  23,691,601		(110,457	)		(1,582,115	)		1,471,658
Pay	5.490%	Maturity		10/17/23	MSCS	United States Treasury Inflation Indexed Notes	USD  37,325,955		(42,161	)		(3,139,695	)		3,097,534
Pay	5.490%	Maturity		10/17/23	MSCS	United States Treasury Inflation Indexed Notes	USD  28,298,509		(38,107	)		(1,413,647	)		1,375,540
Pay	5.490%	Maturity		10/17/23	MSCS	United States Treasury Inflation Indexed Notes	USD  10,464,091		(48,793	)		(198,896	)		150,103
Pay	5.490%	Maturity		10/17/23	MSCS	United States Treasury Inflation Indexed Notes	USD  57,800,706		9,808			(3,343,160	)		3,352,968
Totals								$	(1,689,315	)	$	(34,520,374	)	$	32,831,059

(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-266

Brighthouse Funds Trust I

PIMCO Inflation Protected Bond Portfolio

Schedule of Investments as of September 30, 2023 (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
(UBSA)—	UBS AG

Currencies

(AUD)—	Australian Dollar
(BRL)—	Brazilian Real
(CAD)—	Canadian Dollar
(DKK)—	Danish Krone
(EUR)—	Euro
(GBP)—	British Pound
(JPY)—	Japanese Yen
(KRW)—	South Korean Won
(MXN)—	Mexican Peso
(NZD)—	New Zealand Dollar
(TWD)—	Taiwanese Dollar
(USD)—	United States Dollar

Index Abbreviations

(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
(LIBOR)—	London Interbank Offered Rate
(MTA)—	Monthly Treasury Average 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 Overnight Financing Rate
(UKG)—	U.K. Government Bond

Other Abbreviations

(ARM)—	Adjustable-Rate Mortgage
(CLO)—	Collateralized Loan Obligation
(DAC)—	Designated Activity Company
(IRS)—	Interest Rate Swap
(REMIC)—	Real Estate Mortgage Investment Conduit

BHFTI-267

Brighthouse Funds Trust I

PIMCO Inflation Protected Bond Portfolio

Schedule of Investments as of September 30, 2023 (Unaudited)

Fair Value Hierarchy

Accounting principles generally accepted in the United States of America (“GAAP”) define fair market value as the price that the Portfolio would receive to sell an asset or pay to transfer a liability in an orderly transaction between market participants at the measurement date. It establishes a fair value hierarchy that prioritizes inputs to valuation methods and requires disclosure of the fair value hierarchy, separately for each major category of assets and liabilities, that segregates fair value measurements into three levels. Levels 1, 2 and 3 of the fair value hierarchy are defined as follows:

Level 1 - unadjusted quoted prices in active markets for identical investments

Level 2 - other significant observable inputs (including, but not limited to, quoted prices for similar assets or liabilities in markets that are either active or inactive; inputs other than quoted prices that are observable such as interest rates, yield curves, volatilities, prepayment speeds, loss severities, credit risks, default rates, or other market corroborated inputs)

Level 3 - significant unobservable inputs based on the best information available in the circumstances, to the extent observable inputs are unavailable (including the Portfolio’s own assumptions used in determining the fair value of investments and derivative financial instruments)

The inputs or methodologies used for valuing investments are not necessarily an indication of the risk associated with investing in them. Changes to the inputs or methodologies used may result in transfers between levels. A reconciliation of Level 3 securities, if any, will be disclosed following the fair value hierarchy table. For more information about the Portfolio’s policy regarding the valuation of investments, please refer to the Notes to Schedule of Investments.

The following table summarizes the fair value hierarchy of the Portfolio’s investments as of September 30, 2023:

Description	Level 1			Level 2			Level 3		Total
Total U.S. Treasury & Government Agencies*	$	—		$	1,385,901,795		$	—	$	1,385,901,795
Total Asset-Backed Securities*		—			164,299,494			—		164,299,494
Total Foreign Government*		—			136,441,066			—		136,441,066
Total Corporate Bonds & Notes*		—			41,746,383			—		41,746,383
Total Mortgage-Backed Securities*		—			32,994,684			—		32,994,684
Total Convertible Preferred Stock*		1,003,500			—			—		1,003,500
Total Short-Term Investments*		—			688,863,757			—		688,863,757
Total Purchased Options at Value		—			6,337,331			—		6,337,331
Total Investments	$	1,003,500		$	2,456,584,510		$	—	$	2,457,588,010
TBA Forward Sales Commitments	$	—		$	(13,529,141	)	$	—	$	(13,529,141	)
Secured Borrowings (Liability)		—		$	(1,012,596,297	)		—	$	(1,012,596,297	)
Forward Contracts
Forward Foreign Currency Exchange Contracts (Unrealized Appreciation)	$	—		$	6,709,406		$	—	$	6,709,406
Forward Foreign Currency Exchange Contracts (Unrealized Depreciation)		—			(593,723	)		—		(593,723	)
Total Forward Contracts	$	—		$	6,115,683		$	—	$	6,115,683
Futures Contracts
Futures Contracts (Unrealized Appreciation)	$	12,101,890		$	—		$	—	$	12,101,890
Futures Contracts (Unrealized Depreciation)		(5,456,073	)		—			—		(5,456,073	)
Total Futures Contracts	$	6,645,817		$	—		$	—	$	6,645,817
Written Options
Inflation Capped Options at Value	$	—		$	(210,443	)	$	—	$	(210,443	)
Interest Rate Swaptions at Value		—			(10,936,898	)		—		(10,936,898	)
Total Written Options	$	—		$	(11,147,341	)	$	—	$	(11,147,341	)
Centrally Cleared Swap Contracts
Centrally Cleared Swap Contracts (Unrealized Appreciation)	$	—		$	37,573,260		$	—	$	37,573,260
Centrally Cleared Swap Contracts (Unrealized Depreciation)		—			(28,493,957	)		—		(28,493,957	)
Total Centrally Cleared Swap Contracts	$	—		$	9,079,303		$	—	$	9,079,303
OTC Swap Contracts
OTC Swap Contracts at Value (Assets)	$	—		$	1,051,221		$	—	$	1,051,221
OTC Swap Contracts at Value (Liabilities)		—			(2,740,536	)		—		(2,740,536	)
Total OTC Swap Contracts	$	—		$	(1,689,315	)	$	—	$	(1,689,315	)

* See Schedule of Investments for additional detailed categorizations.

BHFTI-268

Brighthouse Funds Trust I

PIMCO Total Return Portfolio

Schedule of Investments as of September 30, 2023 (Unaudited)

U.S. Treasury & Government Agencies—71.8% of Net Assets

Security Description	Principal Amount*		Value
Agency Sponsored Mortgage-Backed—51.8%
Federal Home Loan Mortgage Corp.
3.000%, 04/01/52		5,886,979	$	4,873,776
3.000%, 07/01/52		6,664,816		5,513,755
3.000%, 08/01/52		6,614,666		5,472,237
3.500%, 10/01/23		81		81
3.500%, 12/01/26		17,399		16,970
3.500%, 05/01/32		80,431		75,588
3.500%, 07/01/33		213,829		200,896
3.500%, 08/01/33		5,859		5,505
3.500%, 09/01/33		247,065		232,146
3.500%, 11/01/33		527,655		495,803
3.500%, 01/01/34		56,654		53,239
3.500%, 02/01/34		90,029		84,606
3.500%, 04/01/34		954,326		896,804
3.500%, 05/01/34		367,435		345,295
3.500%, 10/01/34		77,661		72,960
3.500%, 11/01/34		33,075		31,074
3.500%, 03/01/35		127,466		118,256
3.500%, 04/01/52		3,637,384		3,129,718
3.927%, 1Y RFUCCT + 1.677%, 01/01/35 (a)		4,796		4,719
4.000%, 06/01/30		23,834		22,162
4.000%, 09/01/30		99,838		92,834
4.000%, 10/01/30		5,542		5,153
4.000%, 11/01/33		314,829		304,680
4.000%, 12/01/40		142,491		130,651
4.000%, 10/01/52		2,476,362		2,207,165
4.032%, 1Y RFUCCT + 1.678%, 02/01/35 (a)		5,643		5,551
4.052%, 1Y RFUCCT + 1.625%, 02/01/35 (a)		12,528		12,521
4.056%, 1Y RFUCCT + 1.621%, 02/01/35 (a)		4,198		4,128
4.150%, 1Y RFUCCT + 1.900%, 11/01/34 (a)		2,415		2,386
4.217%, 1Y RFUCCT + 1.901%, 02/01/35 (a)		9,784		9,861
4.237%, 1Y H15 + 2.108%, 02/01/35 (a)		15,940		16,087
4.269%, 1Y H15 + 2.179%, 09/01/35 (a)		33,888		33,910
4.276%, 1Y RFUCCT + 1.891%, 11/01/34 (a)		9,016		8,937
4.375%, 1Y H15 + 2.250%, 11/01/34 (a)		19,764		20,099
4.376%, 1Y RFUCCT + 1.900%, 11/01/34 (a)		6,412		6,355
4.395%, 1Y H15 + 2.250%, 01/01/35 (a)		33,729		34,168
4.483%, 1Y H15 + 2.250%, 02/01/35 (a)		14,766		14,906
4.500%, 04/01/34		5,977		5,640
4.500%, 06/01/35		19,912		18,794
4.500%, 04/01/41		45,943		43,461
4.587%, 1Y H15 + 2.107%, 10/01/34 (a)		10,066		10,207
4.883%, 1Y H15 + 2.250%, 08/01/35 (a)		63,648		64,295
4.912%, 1Y H15 + 2.250%, 11/01/31 (a)		4,467		4,372
5.000%, 10/01/52		394,178		372,048
5.000%, 04/01/53		97,902		92,417
5.000%, 05/01/53		23,151,988		21,853,639
5.000%, 06/01/53		7,881,623		7,516,891
5.000%, 09/01/53		800,000		755,671
5.089%, 1Y H15 + 2.250%, 06/01/35 (a)		160,121		161,775
5.308%, 1Y H15 + 2.436%, 01/01/29 (a)		38,578		38,016
5.358%, 1Y RFUCCT + 1.345%, 09/01/35 (a)		44,776		44,808
5.500%, 01/01/33		419		418
5.500%, 05/01/33		517		508
5.500%, 08/01/33		498		489
5.500%, 10/01/33		1,393		1,363
Agency Sponsored Mortgage-Backed—(Continued)
Federal Home Loan Mortgage Corp.
5.500%, 01/01/34		842		839
5.500%, 09/01/34		13,170		12,919
5.500%, 01/01/35		10,259		10,222
5.500%, 07/01/35		620		618
5.500%, 10/01/35		8,390		8,137
5.500%, 11/01/35		25,477		24,724
5.500%, 12/01/35		15,630		15,599
5.500%, 01/01/36		11,675		11,664
5.500%, 04/01/36		6,146		6,038
5.500%, 06/01/36		509,920		508,406
5.500%, 07/01/36		10,577		10,578
5.500%, 08/01/36		11,862		11,512
5.500%, 10/01/36		1,610		1,565
5.500%, 12/01/36		75,086		75,105
5.500%, 02/01/37		6,439		6,331
5.500%, 03/01/37		5,447		5,431
5.500%, 04/01/37		24,240		23,581
5.500%, 06/01/37		31,527		30,985
5.500%, 07/01/37		62,192		62,208
5.500%, 08/01/37		24,810		24,816
5.500%, 09/01/37		4,252		4,253
5.500%, 10/01/37		3,431		3,429
5.500%, 11/01/37		73,703		73,722
5.500%, 12/01/37		4,641		4,568
5.500%, 01/01/38		25,382		25,377
5.500%, 02/01/38		64,103		64,066
5.500%, 03/01/38		30,538		30,303
5.500%, 04/01/38		49,189		48,952
5.500%, 05/01/38		35,455		35,166
5.500%, 06/01/38		101,570		101,367
5.500%, 07/01/38		124,646		124,424
5.500%, 08/01/38		332,778		332,743
5.500%, 09/01/38		87,839		87,664
5.500%, 10/01/38		2,528,160		2,521,228
5.500%, 11/01/38		1,105,939		1,103,893
5.500%, 12/01/38		4,969		4,818
5.500%, 01/01/39		226,256		226,239
5.500%, 02/01/39		50,774		49,719
5.500%, 03/01/39		23,774		23,756
5.500%, 06/01/39		806,368		805,091
5.500%, 09/01/39		25,598		25,399
5.500%, 02/01/40		26,397		26,339
5.500%, 03/01/40		3,722		3,712
5.500%, 05/01/40		849		848
5.500%, 08/01/40		26,845		26,792
6.211%, 1Y RFUCCT + 1.961%, 08/01/32 (a)		28,750		28,392
Federal Home Loan Mortgage Corp. REMICS
3.500%, 01/15/42		8,200,294		7,130,909
5.618%, SOFR30A + 0.304%, 10/15/43 (a)		3,974,643		3,863,266
5.678%, SOFR30A + 0.364%, 07/15/34 (a)		3,065		3,034
6.500%, 01/15/24		188		187
7.125%, PRIME - 1.375%, 11/15/23 (a)		802		798
Federal Home Loan Mortgage Corp. Structured Pass-Through Certificates
5.826%, 12M MTA + 1.200%, 10/25/44 (a)		299,303		269,623

BHFTI-269

Brighthouse Funds Trust I

PIMCO Total Return Portfolio

Schedule of Investments as of September 30, 2023 (Unaudited)

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

Security Description	Principal Amount*		Value
Agency Sponsored Mortgage-Backed—(Continued)
Federal Home Loan Mortgage Corp. Structured Pass-Through Certificates
5.826%, 12M MTA + 1.200%, 02/25/45 (a)		27,169	$	25,682
6.026%, 12M MTA + 1.400%, 07/25/44 (a)		1,425,447		1,300,007
Federal National Mortgage Association
3.000%, 09/01/28		130,704		124,464
3.000%, 06/01/30		4,133,997		3,854,153
3.000%, 08/01/49		2,349,903		1,963,402
3.000%, 05/01/52		77,894,737		64,499,781
3.000%, 06/01/52		13,295,051		11,005,709
3.500%, 02/01/24		6,616		6,572
3.500%, 10/01/24		31,811		31,385
3.500%, 11/01/24		13,468		13,288
3.500%, 02/01/25		80,399		79,037
3.500%, 04/01/25		7,420		7,297
3.500%, 10/01/26		30,225		29,400
3.500%, 12/01/26		85,012		82,598
3.500%, 04/01/27		41,212		40,291
3.500%, 12/01/28		201,690		189,250
3.500%, 03/01/29		136,184		126,893
3.500%, 07/01/29		24,120		22,670
3.500%, 12/01/31		62,071		58,353
3.500%, 05/01/32		172,482		162,064
3.500%, 06/01/32		286,527		269,228
3.500%, 05/01/33		147,148		138,267
3.500%, 06/01/33		194,974		183,202
3.500%, 08/01/33		123,358		115,918
3.500%, 09/01/33		520,130		487,933
3.500%, 10/01/33		291,103		273,285
3.500%, 05/01/34		5,347,612		5,025,378
3.500%, 07/01/34		258,653		243,011
3.500%, 09/01/34		600,581		564,323
3.500%, 02/01/35		34,771		32,667
3.500%, 03/01/35		77,947		73,249
3.500%, 05/01/35		2,807,487		2,654,186
3.500%, 04/01/40		351,199		311,994
3.500%, 05/01/40		4,083,176		3,627,391
3.500%, 05/01/52		210,811		181,383
3.500%, 07/01/52		2,255,183		1,941,857
3.500%, 08/01/52		2,554,525		2,199,766
3.511%, 1Y RFUCCT + 1.261%, 12/01/34 (a)		247,623		242,436
3.585%, 1Y RFUCCT + 1.335%, 12/01/34 (a)		61,163		59,841
3.600%, 1Y RFUCCT + 1.350%, 11/01/34 (a)		1,793		1,760
3.878%, 1Y RFUCCT + 1.503%, 01/01/35 (a)		16,192		16,230
3.896%, 1Y RFUCCT + 1.631%, 01/01/35 (a)		4,705		4,625
3.920%, 1Y RFUCCT + 1.670%, 11/01/34 (a)		15,760		15,977
3.930%, 1Y RFUCCT + 1.680%, 12/01/34 (a)		9,349		9,242
3.931%, 1Y RFUCCT + 1.556%, 01/01/35 (a)		12,500		12,561
3.963%, 1Y RFUCCT + 1.638%, 02/01/35 (a)		7,305		7,354
3.964%, 1Y RFUCCT + 1.565%, 01/01/35 (a)		11,229		11,300
4.000%, 05/01/24		27,931		27,519
4.000%, 06/01/24		26,775		26,380
4.000%, 02/01/25		21,151		20,436
4.000%, 06/01/25		10,883		10,534
4.000%, 08/01/25		4,622		4,460
4.000%, 12/01/25		4,597		4,438
Agency Sponsored Mortgage-Backed—(Continued)
Federal National Mortgage Association
4.000%, 02/01/26		12,040		11,620
4.000%, 03/01/26		2,522		2,428
4.000%, 06/01/26		4,029		3,891
4.000%, 04/01/29		10,876		10,101
4.000%, 05/01/29		30,370		28,209
4.000%, 03/01/30		19,531		18,138
4.000%, 05/01/30		30,736		28,543
4.000%, 08/01/30		26,690		24,783
4.000%, 09/01/30		22,132		20,552
4.000%, 10/01/30		800		742
4.000%, 11/01/30		96,044		89,177
4.000%, 12/01/30		13,329		12,377
4.000%, 06/01/31		1,800		1,672
4.000%, 09/01/31		47,251		43,868
4.000%, 11/01/31		2,905		2,670
4.000%, 11/01/33		36,529		34,734
4.000%, 05/01/34		50,727		46,550
4.000%, 05/01/35		19,576		17,868
4.000%, 01/01/41		24,323		22,270
4.000%, 12/01/43		184,798		169,169
4.000%, 06/01/52		462,210		415,184
4.000%, 10/01/52		1,681,796		1,510,540
4.025%, 1Y H15 + 1.900%, 02/01/31 (a)		83,353		81,556
4.060%, 1Y RFUCCT + 1.810%, 09/01/34 (a)		203,072		203,213
4.065%, 1Y RFUCCT + 1.372%, 03/01/35 (a)		9,741		9,531
4.097%, 1Y RFUCCT + 1.575%, 10/01/34 (a)		4,468		4,412
4.135%, 1Y RFUCCT + 1.885%, 11/01/32 (a)		17,688		17,412
4.143%, 1Y H15 + 2.095%, 10/01/35 (a)		43,089		42,636
4.253%, 1Y RFUCCT + 1.680%, 09/01/32 (a)		40,969		40,421
4.318%, 1Y RFUCCT + 1.618%, 03/01/33 (a)		1,289		1,266
4.328%, 1Y H15 + 2.194%, 02/01/35 (a)		18,487		18,807
4.451%, 6M RFUCCT + 1.412%, 06/01/33 (a)		5,640		5,614
4.500%, 04/01/24		96		93
4.500%, 05/01/24		3,432		3,329
4.500%, 08/01/24		252		243
4.500%, 10/01/24		10,552		10,211
4.500%, 11/01/24		1,742		1,685
4.500%, 01/01/25		462		452
4.500%, 02/01/25		14,295		13,813
4.500%, 03/01/25		13,537		13,080
4.500%, 04/01/25		11,495		11,111
4.500%, 05/01/25		21,902		21,159
4.500%, 06/01/25		1,889		1,825
4.500%, 07/01/25		222,838		215,135
4.500%, 08/01/25		3,062		2,953
4.500%, 09/01/25		7,687		7,429
4.500%, 11/01/25		12,937		12,480
4.500%, 04/01/26		805		777
4.500%, 01/01/27		1,181		1,142
4.500%, 04/01/31		8,751		8,409
4.500%, 04/01/39		12,453		11,763
4.500%, 05/01/39		23,802		22,485
4.500%, 12/01/39		4,093		3,845
4.500%, 05/01/40		8,765		8,280
4.500%, 09/01/40		10,297		9,727

BHFTI-270

Brighthouse Funds Trust I

PIMCO Total Return Portfolio

Schedule of Investments as of September 30, 2023 (Unaudited)

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

Security Description	Principal Amount*		Value
Agency Sponsored Mortgage-Backed—(Continued)
Federal National Mortgage Association
4.500%, 12/01/40		31,807	$	30,341
4.500%, 02/01/41		5,945		5,535
4.500%, 07/01/41		5,983		5,571
4.500%, 09/01/41		152,716		142,433
4.500%, 03/01/42		19,616		18,379
4.500%, 07/01/42		91,493		84,610
4.500%, 05/01/53		5,285,971		4,855,137
4.537%, 1Y RFUCCT + 1.810%, 04/01/35 (a)		20,962		21,201
4.585%, 1Y RFUCCT + 1.648%, 05/01/35 (a)		14,028		14,143
4.663%, 6M RFUCCT + 1.538%, 01/01/36 (a)		4,898		4,806
4.691%, 6M RFUCCT + 1.373%, 09/01/35 (a)		195,192		191,216
4.739%, 1Y H15 + 2.215%, 09/01/31 (a)		12,399		12,212
4.797%, ECOFC + 1.927%, 12/01/36 (a)		13,561		13,429
4.965%, 1Y H15 + 2.159%, 11/01/35 (a)		93,683		95,346
5.000%, 03/01/32		508		483
5.000%, 04/01/33		27,727		26,295
5.000%, 07/01/33		35,926		35,143
5.000%, 08/01/33		669		654
5.000%, 09/01/33		630		617
5.000%, 10/01/33		6,123		5,999
5.000%, 11/01/33		132		127
5.000%, 01/01/34		14,052		13,350
5.000%, 04/01/34		43,480		42,060
5.000%, 06/01/34		661		634
5.000%, 12/01/34		12,311		11,840
5.000%, 01/01/35		15,029		14,453
5.000%, 04/01/35		15		15
5.000%, 07/01/35		18,310		17,489
5.000%, 01/01/38		45,715		44,748
5.000%, 04/01/39		8,284		8,107
5.000%, 10/01/39		1,576		1,510
5.000%, 11/01/39		6,136		6,004
5.000%, 06/01/40		9,997		9,571
5.000%, 11/01/42		36,229		34,657
5.000%, 04/01/53		16,577,593		15,649,219
5.000%, 06/01/53		17,482,415		16,500,684
5.000%, 07/01/53		9,865,959		9,321,536
5.049%, 1Y H15 + 2.129%, 07/01/33 (a)		3,291		3,276
5.114%, 1Y H15 + 2.067%, 10/01/28 (a)		37,617		37,061
5.279%, 1Y H15 + 2.313%, 05/01/35 (a)		79,706		81,122
5.328%, 1Y H15 + 2.300%, 04/01/34 (a)		1,207		1,223
5.390%, 1Y H15 + 2.360%, 11/01/34 (a)		407,669		415,992
5.410%, 1Y RFUCCT + 1.660%, 05/01/34 (a)		200,540		196,200
5.500%, 10/01/23		9		9
5.500%, 12/01/23		1		1
5.500%, 01/01/24		7		7
5.500%, 03/01/24		27		27
5.500%, 01/01/25		3,058		3,045
5.500%, 05/01/25		26		26
5.500%, 12/01/28		3,462		3,349
5.500%, 06/01/33		17,285		17,095
5.500%, 07/01/33		4,017		3,996
5.500%, 09/01/33		74,889		73,147
5.500%, 11/01/33		89,525		86,713
5.500%, 12/01/33		417		407
Agency Sponsored Mortgage-Backed—(Continued)
Federal National Mortgage Association
5.500%, 04/01/34		767		763
5.500%, 07/01/34		5,999		5,826
5.500%, 08/01/34		81,526		79,664
5.500%, 09/01/34		1,388		1,381
5.500%, 11/01/34		102,785		102,259
5.500%, 12/01/34		251,881		250,708
5.500%, 01/01/35		89,753		89,328
5.500%, 02/01/35		115,306		114,743
5.500%, 03/01/35		226,380		225,385
5.500%, 04/01/35		25,707		24,903
5.500%, 05/01/35		42,606		42,419
5.500%, 06/01/35		69,799		69,483
5.500%, 08/01/35		56,391		56,168
5.500%, 09/01/35		640,984		638,525
5.500%, 10/01/35		61,667		61,511
5.500%, 12/01/35		331,896		329,856
5.500%, 01/01/36		83,965		83,763
5.500%, 03/01/36		76,695		76,467
5.500%, 05/01/36		625		622
5.500%, 07/01/36		327,544		326,077
5.500%, 09/01/36		39,074		38,874
5.500%, 11/01/36		21,096		21,002
5.500%, 12/01/36		1,191		1,153
5.500%, 02/01/37		436		436
5.500%, 05/01/37		7,668		7,553
5.500%, 08/01/37		290,454		289,712
5.500%, 01/01/38		2,620		2,614
5.500%, 02/01/38		82,715		82,623
5.500%, 03/01/38		392,410		391,249
5.500%, 05/01/38		603,293		602,013
5.500%, 06/01/38		22,921		22,813
5.500%, 09/01/38		18,098		17,561
5.500%, 10/01/38		213,805		213,390
5.500%, 11/01/38		54,103		53,987
5.500%, 01/01/39		15,632		15,595
5.500%, 07/01/39		5,577		5,399
5.500%, 11/01/39		696,313		693,641
5.500%, 02/01/40		132,095		131,418
5.500%, 06/01/40		50,273		48,692
5.500%, 09/01/40		97,803		97,573
5.500%, 07/01/41		1,169,622		1,165,433
5.500%, 02/01/49		65,699		64,311
5.514%, ECOFC + 1.735%, 09/01/34 (a)		3,043		3,046
5.630%, 12M MTA + 1.200%, 08/01/41 (a)		49,500		48,022
5.630%, 12M MTA + 1.200%, 07/01/42 (a)		103,943		100,683
5.630%, 12M MTA + 1.200%, 08/01/42 (a)		113,835		110,122
5.630%, 12M MTA + 1.200%, 10/01/44 (a)		93,313		89,683
5.680%, 12M MTA + 1.250%, 09/01/41 (a)		248,764		242,473
5.903%, 1Y H15 + 2.153%, 07/01/32 (a)		11,947		11,836
6.000%, 12/01/28		7,032		6,944
6.000%, 01/01/29		4,896		4,839
6.000%, 02/01/29		27		27
6.000%, 04/01/29		714		719
6.000%, 06/01/29		832		830
6.000%, 11/01/32		31,903		31,535

BHFTI-271

Brighthouse Funds Trust I

PIMCO Total Return Portfolio

Schedule of Investments as of September 30, 2023 (Unaudited)

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

Security Description	Principal Amount*		Value
Agency Sponsored Mortgage-Backed—(Continued)
Federal National Mortgage Association
6.000%, 12/01/32		45,536	$	45,736
6.000%, 03/01/33		5,208		5,248
6.000%, 05/01/33		5,327		5,363
6.000%, 07/01/33		5,373		5,410
6.000%, 01/01/34		328		327
6.000%, 09/01/34		3,643		3,597
6.000%, 11/01/34		2,638		2,607
6.000%, 04/01/35		241,649		244,108
6.000%, 05/01/35		6,171		6,157
6.000%, 06/01/35		406		402
6.000%, 07/01/35		13,210		13,125
6.000%, 1Y RFUCCT + 1.750%, 08/01/35 (a)		120,969		123,730
6.000%, 09/01/35		2,281		2,300
6.000%, 11/01/35		115,647		114,225
6.000%, 12/01/35		8,398		8,365
6.000%, 04/01/36		1,139		1,132
6.000%, 05/01/36		23,878		23,937
6.000%, 06/01/36		1,171		1,157
6.000%, 07/01/36		3,839		3,792
6.000%, 08/01/36		527,668		536,501
6.000%, 09/01/36		64,503		64,999
6.000%, 10/01/36		3,708		3,671
6.000%, 11/01/36		11,690		11,709
6.000%, 12/01/36		4,468		4,413
6.000%, 01/01/37		63,420		63,475
6.000%, 02/01/37		140,486		142,842
6.000%, 04/01/37		33,021		32,957
6.000%, 05/01/37		17,896		17,683
6.000%, 07/01/37		9,103		9,253
6.000%, 08/01/37		8,647		8,788
6.000%, 11/01/37		15,711		15,866
6.000%, 02/01/38		132,893		135,028
6.000%, 03/01/38		3,131		3,152
6.000%, 08/01/38		3,978		3,933
6.000%, 09/01/38		293,483		297,238
6.000%, 10/01/38		22,259		22,613
6.000%, 11/01/38		6,990		6,901
6.000%, 01/01/39		23,432		23,825
6.000%, 04/01/39		144,408		146,666
6.000%, 07/01/39		29,491		29,898
6.000%, 08/01/39		123,508		123,939
6.000%, 05/01/49		995,226		1,002,145
6.205%, 12M MTA + 1.770%, 11/01/35 (a)		58,570		57,443
6.223%, 1Y H15 + 2.223%, 08/01/35 (a)		59,327		59,764
6.670%, 6M RFUCCT + 1.515%, 01/01/35 (a)		29,912		30,245
7.230%, 6M RFUCCT + 1.605%, 08/01/36 (a)		14,020		14,033
8.000%, 10/01/25		93		93
Federal National Mortgage Association REMICS
4.780%, 05/25/35 (a)		202,655		205,294
5.809%, SOFR30A + 0.494%, 11/25/42 (a)		1,644,076		1,606,865
5.828%, SOFR30A + 0.514%, 09/18/31 (a)		31,469		31,396
6.329%, SOFR30A + 1.014%, 04/25/32 (a)		11,382		11,418
Federal National Mortgage Association-Aces
2.349%, 01/25/31 (a) (b)		20,770,108		1,695,127
Agency Sponsored Mortgage-Backed—(Continued)
Government National Mortgage Association
2.625%, 1Y H15 + 1.500%, 08/20/27 (a)		6,572		6,366
2.625%, 1Y H15 + 1.500%, 09/20/27 (a)		27,876		26,944
2.625%, 1Y H15 + 1.500%, 07/20/29 (a)		2,314		2,236
2.625%, 1Y H15 + 1.500%, 08/20/29 (a)		2,397		2,316
2.625%, 1Y H15 + 1.500%, 09/20/29 (a)		3,282		3,146
2.625%, 1Y H15 + 1.500%, 08/20/31 (a)		646		624
2.625%, 1Y H15 + 1.500%, 09/20/33 (a)		15,761		15,254
2.750%, 1Y H15 + 1.500%, 11/20/27 (a)		2,981		2,859
2.750%, 1Y H15 + 1.500%, 10/20/28 (a)		255		243
2.750%, 1Y H15 + 1.500%, 10/20/29 (a)		1,531		1,475
2.750%, 1Y H15 + 1.500%, 11/20/30 (a)		3,398		3,237
3.000%, 11/15/49		1,918,453		1,631,096
3.250%, 1Y H15 + 2.000%, 10/20/31 (a)		3,495		3,333
3.500%, 1Y H15 + 1.500%, 11/20/26 (a)		1,990		1,925
3.500%, 1Y H15 + 1.500%, 10/20/30 (a)		684		661
3.625%, 1Y H15 + 1.500%, 02/20/26 (a)		1,393		1,352
3.625%, 1Y H15 + 1.500%, 01/20/27 (a)		735		709
3.625%, 1Y H15 + 1.500%, 02/20/28 (a)		2,040		1,962
3.625%, 1Y H15 + 1.500%, 03/20/28 (a)		3,258		3,150
3.625%, 1Y H15 + 1.500%, 01/20/30 (a)		8,160		7,926
3.625%, 1Y H15 + 1.500%, 03/20/32 (a)		120		117
3.625%, 1Y H15 + 1.500%, 03/20/33 (a)		1,125		1,111
3.875%, 1Y H15 + 1.500%, 05/20/26 (a)		1,735		1,700
3.875%, 1Y H15 + 1.500%, 06/20/27 (a)		1,071		1,050
3.875%, 1Y H15 + 1.500%, 05/20/28 (a)		1,263		1,239
3.875%, 1Y H15 + 1.500%, 05/20/29 (a)		2,318		2,265
3.875%, 1Y H15 + 1.500%, 06/20/30 (a)		2,502		2,424
3.875%, 1Y H15 + 1.500%, 04/20/31 (a)		2,703		2,638
3.875%, 1Y H15 + 1.500%, 04/20/32 (a)		2,004		1,962
3.875%, 1Y H15 + 1.500%, 05/20/32 (a)		3,809		3,697
4.000%, 1Y H15 + 1.500%, 04/20/30 (a)		3,408		3,315
4.000%, 1Y H15 + 1.500%, 05/20/30 (a)		7,421		7,221
4.000%, 03/15/52		6,695,060		6,081,899
4.500%, 12/20/49		10,927		10,236
5.000%, 10/15/33		2,286		2,197
5.000%, 12/15/33		8,459		8,253
5.000%, 05/15/34		2,780		2,702
5.000%, 07/15/34		488		466
5.000%, 11/15/35		1,313		1,267
5.000%, 03/15/36		732		707
5.000%, 10/15/38		198,554		194,446
5.000%, 02/15/39		32,999		32,284
5.000%, 03/15/39		51,136		50,063
5.000%, 04/15/39		272,222		264,731
5.000%, 05/15/39		931,032		910,065
5.000%, 06/15/39		237,781		231,717
5.000%, 09/15/39		133,644		130,740
5.000%, 05/15/40		9,164		8,924
5.000%, 09/15/40		103,570		101,135
5.000%, 12/15/40		7,855		7,688
5.000%, 09/15/47		17,767		16,942
5.000%, 03/15/48		1,522,110		1,451,505
5.000%, 04/15/48		1,574,226		1,500,018
5.000%, 01/15/49		2,091,720		2,096,847

BHFTI-272

Brighthouse Funds Trust I

PIMCO Total Return Portfolio

Schedule of Investments as of September 30, 2023 (Unaudited)

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

Security Description	Principal Amount*		Value
Agency Sponsored Mortgage-Backed—(Continued)
Government National Mortgage Association
5.000%, 05/15/49		288,606	$	290,481
5.000%, 06/20/49		56,768		54,492
5.000%, 07/20/49		117,460		113,102
5.000%, 06/15/50		396,843		378,708
5.000%, 04/15/52		6,864,417		6,535,675
7.500%, 01/15/26		453		452
Government National Mortgage Association REMICS 4.774%, 1M TSFR + 1.114%, 12/20/65 (a)		12,398,780		12,335,322
5.270%, 1M TSFR + 1.114%, 01/20/67 (a)		5,729,839		5,705,107
5.659%, 12M TSFR + 1.515%, 09/20/67 (a)		5,131,927		5,139,706
5.772%, 1M TSFR + 0.454%, 12/20/62 (a)		51,260		50,863
5.814%, SOFR30A + 0.500%, 01/20/72 (a)		3,957,550		3,849,298
5.937%, 09/20/66 (a)		6,387,014		6,468,477
6.032%, 1M TSFR + 0.714%, 08/20/65 (a)		1,689,070		1,674,201
6.032%, 1M TSFR + 0.714%, 10/20/65 (a)		2,694,210		2,684,250
6.082%, 1M TSFR + 0.764%, 06/20/66 (a)		1,474,795		1,471,995
6.114%, SOFR30A + 0.800%, 01/20/73 (a)		7,303,710		7,245,277
6.194%, SOFR30A + 0.880%, 03/20/73 (a)		8,033,767		8,003,839
6.214%, SOFR30A + 0.900%, 01/20/73 (a)		12,544,920		12,512,363
6.282%, 1M TSFR + 0.964%, 09/20/66 (a)		4,540,814		4,520,096
6.334%, SOFR30A + 1.020%, 12/20/72 (a)		4,975,663		4,995,083
Government National Mortgage Association, TBA 4.000%, TBA (c)		3,050,000		2,760,965
Uniform Mortgage-Backed Security, TBA 2.500%, TBA (c)		20,600,000		16,374,551
3.000%, TBA (c)		435,650,000		360,721,602
3.500%, TBA (c)		411,600,000		354,250,095
4.000%, TBA (c)		299,000,000		266,402,781
4.500%, TBA (c)		102,100,000		93,776,465
5.000%, TBA (c)		204,100,000		192,591,094
5.500%, TBA (c)		293,400,000		283,479,770
6.000%, TBA (c)		50,800,000		50,109,438
				1,960,918,682
U.S. Treasury—20.0%
U.S. Treasury Bonds
1.375%, 11/15/40		62,400,000		36,930,563
1.375%, 08/15/50		39,500,000		19,274,766
1.625%, 11/15/50		29,100,000		15,242,262
1.875%, 02/15/41		16,900,000		10,901,820
2.000%, 02/15/50		9,600,000		5,602,500
2.250%, 08/15/49		8,900,000		5,540,250
2.750%, 08/15/42		39,000,000		28,591,875
2.750%, 11/15/42		2,800,000		2,044,109
2.875%, 05/15/43		83,700,000		62,009,930
2.875%, 08/15/45		3,100,000		2,245,199
2.875%, 05/15/49		10,200,000		7,276,266
3.000%, 02/15/49		11,000,000		8,040,742
3.125%, 02/15/42		15,800,000		12,385,719
3.125%, 08/15/44		116,300,000		88,860,469
3.250%, 05/15/42		38,000,000		30,281,250
3.375%, 05/15/44		18,000,000		14,363,437
4.250%, 05/15/39		9,600,000		9,048,750
4.375%, 11/15/39		57,100,000		54,336,449
U.S. Treasury—(Continued)
U.S. Treasury Bonds
4.375%, 08/15/43 (d)		24,000,000		22,391,251
4.500%, 08/15/39		15,100,000		14,624,586
4.625%, 02/15/40		12,800,000		12,537,500
U.S. Treasury Inflation-Indexed Bonds 0.125%, 02/15/51 (e)		2,465,547		1,371,677
0.125%, 02/15/52 (e)		2,196,120		1,205,078
0.250%, 02/15/50 (e)		7,728,110		4,546,529
0.625%, 02/15/43 (e)		1,595,424		1,159,051
0.750%, 02/15/45 (e)		23,235,453		16,879,286
0.875%, 02/15/47 (e)		4,938,492		3,598,637
1.000%, 02/15/46 (e)		1,935,090		1,468,155
1.000%, 02/15/49 (e)		2,672,428		1,971,177
1.375%, 02/15/44 (e)		6,820,112		5,699,655
1.500%, 02/15/53 (e)		5,861,424		4,843,746
U.S. Treasury Inflation-Indexed Notes 0.125%, 07/15/31 (e)		16,993,152		14,426,754
0.125%, 01/15/32 (e)		18,194,550		15,241,844
0.625%, 07/15/32 (e)		17,990,055		15,673,660
1.250%, 04/15/28 (e)		23,744,564		22,574,263
U.S. Treasury Notes 1.750%, 06/30/24 (f) (g) (h) (i)		38,200,000		37,155,469
2.125%, 07/31/24 (f) (g) (h) (i)		24,800,000		24,123,812
2.125%, 09/30/24 (g) (h) (i)		7,900,000		7,646,953
2.250%, 11/15/24 (f) (g) (h) (i)		110,600,000		106,841,327
U.S. Treasury STRIPS Coupon
Zero Coupon, 02/15/42		21,300,000		8,345,175
				757,301,941
Total U.S. Treasury & Government Agencies (Cost $2,999,169,270)				2,718,220,623
Corporate Bonds & Notes—33.4%
Aerospace/Defense—0.6%
Boeing Co. 1.433%, 02/04/24		12,300,000		12,104,232
2.750%, 02/01/26		12,000,000		11,208,427
Spirit AeroSystems, Inc. 4.600%, 06/15/28		1,600,000		1,246,738
				24,559,397
Agriculture—0.7%
BAT International Finance PLC 5.931%, 02/02/29		8,300,000		8,148,509
Imperial Brands Finance PLC 3.125%, 07/26/24 (144A)		9,326,000		9,088,262
3.875%, 07/26/29 (144A)		12,800,000		11,269,106
				28,505,877
Airlines—0.4%
American Airlines Pass-Through Trust 3.700%, 10/01/26		2,592,909		2,364,988
British Airways Pass-Through Trust 4.125%, 09/20/31 (144A) †		1,263,873		1,117,143

BHFTI-273

Brighthouse Funds Trust I

PIMCO Total Return Portfolio

Schedule of Investments as of September 30, 2023 (Unaudited)

Corporate Bonds & Notes—(Continued)

Security Description	Principal Amount*		Value
Airlines—(Continued)
U.S. Airways Pass-Through Trust 3.950%, 11/15/25		28,360	$	26,933
United Airlines Pass-Through Trust 2.875%, 10/07/28		3,546,296		3,124,581
3.450%, 07/07/28		1,981,880		1,763,987
5.875%, 10/15/27		8,740,267		8,665,606
				17,063,238
Auto Manufacturers—3.5%
American Honda Finance Corp. 5.958%, SOFR + 0.670%, 01/10/25 (a)		2,200,000		2,201,341
9.318%, SOFR + 0.620%, 06/07/24 (a)		11,700,000		11,709,519
Ford Motor Credit Co. LLC 3.810%, 01/09/24		13,300,000		13,155,194
General Motors Financial Co., Inc. 6.542%, SOFR + 1.200%, 11/17/23 (a)		11,300,000		11,309,198
Hyundai Capital America 2.100%, 09/15/28 (144A)		13,500,000		11,201,278
5.500%, 03/30/26 (144A)		5,900,000		5,822,581
5.650%, 06/26/26 (144A)		2,000,000		1,982,967
6.000%, 07/11/25 (144A)		5,000,000		4,982,982
Nissan Motor Acceptance Co. LLC 1.850%, 09/16/26 (144A)		13,500,000		11,745,157
Nissan Motor Co. Ltd. 3.522%, 09/17/25 (144A)		8,100,000		7,650,104
4.345%, 09/17/27 (144A)		5,600,000		5,111,686
4.810%, 09/17/30 (144A)		14,700,000		12,678,654
Toyota Motor Credit Corp. 5.830%, SOFR + 0.520%, 08/22/24 (a)		5,800,000		5,805,549
Volkswagen Bank GmbH 2.500%, 07/31/26 (EUR)		2,000,000		1,995,035
Volkswagen Group of America Finance LLC 2.850%, 09/26/24 (144A)		13,300,000		12,871,315
4.625%, 11/13/25 (144A)		10,900,000		10,627,527
				130,850,087
Banks—10.8%
AIB Group PLC 6.608%, SOFR + 2.330%, 09/13/29 (144A) (a)		6,700,000		6,672,137
Banco Espirito Santo SA 2.625%, 05/08/17 (EUR) (j)		1,700,000		467,305
Bank of America Corp. 0.981%, SOFR + 0.910%, 09/25/25 (a)		4,800,000		4,546,271
2.015%, 3M TSFR + 0.902%, 02/13/26 (a)		5,900,000		5,551,503
3.705%, 3M TSFR + 1.774%, 04/24/28 (a)		5,700,000		5,249,660
4.125%, 01/22/24		2,130,000		2,119,196
5.819%, SOFR + 1.570%, 09/15/29 (a)		9,700,000		9,580,956
Bank of America NA 6.362%, SOFR + 1.020%, 08/18/26 (a)		7,100,000		7,128,567
Bank of Montreal 4.689%, 07/28/29 (144A)		8,950,000		8,727,491
Banque Federative du Credit Mutuel SA 5.896%, 07/13/26 (144A)		5,900,000		5,867,430
Barclays PLC
3.125%, 01/17/24 (GBP)		4,400,000		5,320,124
Banks—(Continued)
Barclays PLC
4.972%, 3M LIBOR + 1.902%, 05/16/29 (a)		2,000,000		1,868,364
7.437%, 1Y H15 + 3.500%, 11/02/33 (a)		9,300,000		9,549,965
BNP Paribas SA 4.625%, 5Y H15 + 3.340%, 02/25/31 (144A) (a)		12,500,000		8,875,947
CaixaBank SA 6.684%, SOFR + 2.080%, 09/13/27 (144A) (a)		6,300,000		6,297,222
Citibank NA 5.864%, 09/29/25		5,500,000		5,505,381
Citigroup, Inc. 3.070%, SOFR + 1.280%, 02/24/28 (a)		8,100,000		7,347,517
Cooperatieve Rabobank UA 5.500%, 07/18/25		8,400,000		8,362,168
Credit Agricole SA 1.247%, SOFR + 0.892%, 01/26/27 (144A) (a)		4,000,000		3,572,707
Danske Bank AS 4.298%, 1Y H15 + 1.750%, 04/01/28 (144A) (a)		12,000,000		11,176,750
Deutsche Bank AG 3.547%, SOFR + 3.043%, 09/18/31 (a)		13,000,000		10,480,664
Goldman Sachs Group, Inc. 3.750%, 05/22/25		1,675,000		1,614,371
5.798%, SOFR + 1.075%, 08/10/26 (a)		4,900,000		4,862,530
6.407%, SOFR + 1.065%, 08/10/26 (a)		4,900,000		4,899,983
7.377%, 3M TSFR + 2.012%, 10/28/27 (a)		7,500,000		7,689,467
HSBC Holdings PLC 2.804%, SOFR + 1.187%, 05/24/32 (a)		1,400,000		1,084,368
6.254%, SOFR + 2.390%, 03/09/34 (a)		7,500,000		7,330,120
6.911%, SOFR + 1.570%, 08/14/27 (a)		6,700,000		6,736,850
7.390%, SOFR + 3.350%, 11/03/28 (a)		5,900,000		6,103,799
ING Groep NV 3.950%, 03/29/27		1,100,000		1,030,786
4.625%, 01/06/26 (144A)		6,800,000		6,587,647
JPMorgan Chase & Co. 0.969%, 3M TSFR + 0.580%, 06/23/25 (a)		4,500,000		4,318,572
1.578%, SOFR + 0.885%, 04/22/27 (a)		13,300,000		11,869,341
3.960%, 3M TSFR + 1.507%, 01/29/27 (a)		3,200,000		3,058,690
5.299%, SOFR + 1.450%, 07/24/29 (a)		7,900,000		7,686,563
Lloyds Bank PLC
Zero Coupon, 04/02/32 (k)		13,000,000		7,727,257
Lloyds Banking Group PLC 5.985%, 1Y H15 + 1.480%, 08/07/27 (a)		3,500,000		3,468,482
Mitsubishi UFJ Financial Group, Inc. 1.640%, 1Y H15 + 0.670%, 10/13/27 (a)		10,500,000		9,257,768
5.406%, 1Y H15 + 1.970%, 04/19/34 (a)		800,000		758,918
Mizuho Financial Group, Inc. 1.979%, 3M TSFR + 1.532%, 09/08/31 (a)		9,800,000		7,425,029
2.201%, 3M TSFR + 1.772%, 07/10/31 (a)		12,400,000		9,589,031
2.226%, 3M TSFR + 1.092%, 05/25/26 (a)		5,900,000		5,514,329
Morgan Stanley 4.210%, SOFR + 1.610%, 04/20/28 (a)		5,400,000		5,077,519
5.449%, SOFR + 1.630%, 07/20/29 (a)		7,900,000		7,698,303
Santander Holdings USA, Inc. 3.450%, 06/02/25		4,800,000		4,565,276
Societe Generale SA 6.447%, 1Y H15 + 2.300%, 01/12/27 (144A) (a)		5,000,000		4,998,783

BHFTI-274

Brighthouse Funds Trust I

PIMCO Total Return Portfolio

Schedule of Investments as of September 30, 2023 (Unaudited)

Corporate Bonds & Notes—(Continued)

Security Description	Principal Amount*		Value
Banks—(Continued)
Standard Chartered PLC 3.971%, 1Y H15 + 1.650%, 03/30/26 (144A) (a)		6,000,000	$	5,775,848
6.301%, 1Y H15 + 2.450%, 01/09/29 (144A) (a)		5,500,000		5,481,264
7.776%, 1Y H15 + 3.100%, 11/16/25 (144A) (a)		8,100,000		8,248,451
Sumitomo Mitsui Financial Group, Inc. 1.474%, 07/08/25		6,500,000		6,012,699
1.902%, 09/17/28		9,800,000		8,088,046
5.464%, 01/13/26		2,900,000		2,871,139
Toronto-Dominion Bank 4.701%, 06/05/26 (144A)		1,100,000		1,080,813
UBS Group AG 4.125%, 04/15/26 (144A)		10,200,000		9,698,097
5.711%, 1Y H15 + 1.550%, 01/12/27 (144A) (a)		4,000,000		3,949,211
6.246%, 1Y H15 + 1.800%, 09/22/29 (144A) (a)		5,800,000		5,739,151
6.442%, SOFR + 3.700%, 08/11/28 (144A) (a)		7,000,000		6,993,983
6.537%, SOFR + 3.920%, 08/12/33 (144A) (a)		10,650,000		10,525,537
UniCredit SpA 7.830%, 12/04/23 (144A)		29,700,000		29,705,233
Virgin Money UK PLC 4.000%, 1Y UKG + 3.750%, 09/03/27 (GBP) (a)		500,000		558,015
Wells Fargo & Co. 1.741%, 3M EURIBOR + 1.850%, 05/04/30 (EUR) (a)		2,600,000		2,364,473
2.393%, SOFR + 2.100%, 06/02/28 (a)		5,400,000		4,735,633
2.406%, 3M TSFR + 1.087%, 10/30/25 (a)		6,400,000		6,133,155
3.908%, SOFR + 1.320%, 04/25/26 (a)		1,700,000		1,638,040
5.574%, SOFR + 1.740%, 07/25/29 (a)		7,900,000		7,707,174
Wells Fargo Bank NA 5.450%, 08/07/26		4,700,000		4,668,535
5.550%, 08/01/25		3,100,000		3,089,796
				410,285,400
Biotechnology—0.1%
Royalty Pharma PLC 1.200%, 09/02/25		3,000,000		2,726,255
Chemicals—0.2%
International Flavors & Fragrances, Inc. 2.300%, 11/01/30 (144A)		12,800,000		9,628,979
Diversified Financial Services—2.2%
AerCap Ireland Capital DAC/AerCap Global Aviation Trust 2.875%, 08/14/24		4,000,000		3,885,161
4.450%, 10/01/25		3,000,000		2,887,759
6.100%, 01/15/27		4,900,000		4,876,011
Aviation Capital Group LLC 4.125%, 08/01/25 (144A)		10,500,000		9,988,611
BGC Partners, Inc. 3.750%, 10/01/24		1,100,000		1,058,503
8.000%, 05/25/28 (144A)		4,000,000		3,937,546
Blue Owl Finance LLC 3.125%, 06/10/31 (144A)		13,000,000		9,723,759
Capital One Financial Corp. 4.927%, SOFR + 2.057%, 05/10/28 (a)		11,500,000		10,914,169
LeasePlan Corp. NV 2.875%, 10/24/24 (144A)		13,100,000		12,602,532
Diversified Financial Services—(Continued)
Nomura Holdings, Inc. 2.172%, 07/14/28		500,000		414,855
2.679%, 07/16/30		9,600,000		7,622,275
5.709%, 01/09/26		5,100,000		5,046,037
5.842%, 01/18/28		4,700,000		4,632,326
6.181%, 01/18/33		3,900,000		3,853,199
OneMain Finance Corp. 6.875%, 03/15/25		1,100,000		1,091,280
				82,534,023
Electric—3.0%
AES Corp. 2.450%, 01/15/31		5,000,000		3,845,327
Duke Energy Progress LLC 2.000%, 08/15/31		12,600,000		9,701,597
Edison International 3.550%, 11/15/24		2,900,000		2,818,034
Evergy, Inc. 2.450%, 09/15/24		13,500,000		13,041,362
FirstEnergy Corp. 4.150%, 07/15/27		1,300,000		1,208,312
Florida Power & Light Co. 4.400%, 05/15/28		4,400,000		4,242,695
4.450%, 05/15/26		6,900,000		6,751,975
Georgia Power Co. 4.650%, 05/16/28		5,200,000		5,016,619
National Rural Utilities Cooperative Finance Corp. 4.800%, 03/15/28		3,600,000		3,510,461
Pacific Gas & Electric Co. 3.150%, 01/01/26		10,900,000		10,138,679
3.250%, 02/16/24		12,600,000		12,452,553
3.300%, 12/01/27		1,600,000		1,413,665
3.400%, 08/15/24		4,500,000		4,391,892
3.450%, 07/01/25		3,600,000		3,415,071
3.500%, 06/15/25		2,700,000		2,565,627
4.550%, 07/01/30		5,000,000		4,419,792
5.450%, 06/15/27		5,000,000		4,812,152
ReNew Wind Energy AP2/ReNew Power Pvt Ltd. other 9 Subsidiaries 4.500%, 07/14/28 (144A)		13,100,000		11,016,168
Southern California Edison Co. 5.850%, 11/01/27		3,000,000		3,016,095
WEC Energy Group, Inc. 1.375%, 10/15/27		4,525,000		3,834,109
1.800%, 10/15/30		5,000,000		3,798,808
				115,410,993
Electronics—0.2%
Flex Ltd. 4.875%, 06/15/29		8,160,000		7,624,572
Environmental Control—0.1%
Republic Services, Inc. 4.875%, 04/01/29		3,800,000		3,693,064

BHFTI-275

Brighthouse Funds Trust I

PIMCO Total Return Portfolio

Schedule of Investments as of September 30, 2023 (Unaudited)

Corporate Bonds & Notes—(Continued)

Security Description	Principal Amount*		Value
Gas—0.5%
National Fuel Gas Co. 5.500%, 10/01/26		6,400,000	$	6,312,051
Southern California Gas Co. 2.950%, 04/15/27		12,500,000		11,466,565
				17,778,616
Healthcare-Services—0.7%
Centene Corp. 3.000%, 10/15/30		3,900,000		3,145,779
Fresenius Medical Care U.S. Finance III, Inc. 1.875%, 12/01/26 (144A)		12,100,000		10,552,404
HCA, Inc. 3.125%, 03/15/27		7,300,000		6,632,701
3.375%, 03/15/29		5,200,000		4,556,057
				24,886,941
Insurance—1.1%
Corebridge Global Funding 5.750%, 07/02/26 (144A)		2,600,000		2,568,605
GA Global Funding Trust 1.250%, 12/08/23 (144A)		14,000,000		13,861,774
Jackson National Life Global Funding 6.495%, SOFR + 1.150%, 06/28/24 (144A) (a)		6,300,000		6,303,654
MassMutual Global Funding II
5.050%, 12/07/27 (144A)		7,900,000		7,769,929
6.283%, SOFR + 0.980%, 07/10/26 (144A) (a)		3,800,000		3,806,333
Pacific Life Global Funding II 5.500%, 07/18/28 (144A)		5,500,000		5,437,171
Society of Lloyd’s 4.750%, 10/30/24 (GBP)		1,600,000		1,913,246
				41,660,712
Internet—0.1%
Expedia Group, Inc. 2.950%, 03/15/31		2,561,000		2,063,256
Lodging—0.5%
Choice Hotels International, Inc. 3.700%, 12/01/29		2,500,000		2,158,529
Hyatt Hotels Corp. 4.850%, 03/15/26		2,700,000		2,638,652
Marriott International, Inc. 3.600%, 04/15/24		2,600,000		2,567,910
4.150%, 12/01/23		10,000,000		9,968,322
				17,333,413
Media—0.3%
Charter Communications Operating LLC/Charter Communications Operating Capital 3.500%, 06/01/41		13,300,000		8,410,638
CSC Holdings LLC 5.375%, 02/01/28 (144A)		3,800,000		3,093,625
				11,504,263
Oil & Gas—0.2%
Petroleos Mexicanos 10.000%, 02/07/33 (144A)		3,000,000		2,664,000
Pioneer Natural Resources Co. 5.100%, 03/29/26		4,000,000		3,948,585
Rio Oil Finance Trust 9.250%, 07/06/24 (144A)		610,473		613,525
				7,226,110
Packaging & Containers—0.4%
WRKCo, Inc. 4.650%, 03/15/26		14,700,000		14,244,368
Pharmaceuticals—0.3%
AbbVie, Inc. 3.200%, 05/14/26		1,300,000		1,227,953
3.600%, 05/14/25		700,000		676,517
Bayer U.S. Finance II LLC 6.681%, 3M TSFR + 1.272%, 12/15/23 (144A) (a)		6,600,000		6,603,189
CVS Health Corp. 3.750%, 04/01/30		3,900,000		3,447,360
CVS Pass-Through Trust 6.943%, 01/10/30		498,969		499,524
				12,454,543
Pipelines—0.8%
Cheniere Corpus Christi Holdings LLC 5.125%, 06/30/27		9,000,000		8,745,768
Columbia Pipelines Operating Co. LLC 5.927%, 08/15/30 (144A)		3,000,000		2,961,379
Energy Transfer LP 5.950%, 12/01/25		1,800,000		1,794,845
MPLX LP 5.000%, 03/01/33		1,500,000		1,366,855
ONEOK, Inc. 6.625%, 09/01/53		7,500,000		7,344,039
Western Midstream Operating LP 6.350%, 01/15/29		7,000,000		7,014,434
				29,227,320
Real Estate—0.2%
Logicor Financing Sarl 1.625%, 07/15/27 (EUR)		4,500,000		4,073,281
Ontario Teachers’ Cadillac Fairview Properties Trust 3.875%, 03/20/27 (144A)		1,700,000		1,562,373
Tesco Property Finance 6 PLC 5.411%, 07/13/44 (GBP)		540,324		589,541
				6,225,195
Real Estate Investment Trusts—4.4%
American Homes 4 Rent LP 4.250%, 02/15/28		1,900,000		1,767,103
American Tower Corp. 3.375%, 05/15/24		12,000,000		11,807,212
Boston Properties LP 2.450%, 10/01/33		1,811,000		1,236,006

BHFTI-276

Brighthouse Funds Trust I

PIMCO Total Return Portfolio

Schedule of Investments as of September 30, 2023 (Unaudited)

Corporate Bonds & Notes—(Continued)

Security Description	Principal Amount*		Value
Real Estate Investment Trusts—(Continued)
Brixmor Operating Partnership LP 3.900%, 03/15/27		6,000,000	$	5,526,549
4.125%, 06/15/26		5,500,000		5,179,489
Crown Castle, Inc. 2.900%, 03/15/27		12,500,000		11,337,746
EPR Properties 3.750%, 08/15/29		2,500,000		2,008,305
Equinix, Inc. 1.000%, 09/15/25		2,900,000		2,634,623
Extra Space Storage LP 2.400%, 10/15/31		13,500,000		10,335,169
Federal Realty OP LP 3.500%, 06/01/30		4,900,000		4,170,036
GLP Capital LP/GLP Financing II, Inc. 5.250%, 06/01/25		5,000,000		4,896,973
Goodman U.S. Finance Three LLC 3.700%, 03/15/28 (144A)		10,800,000		9,682,062
Hudson Pacific Properties LP 4.650%, 04/01/29		2,400,000		1,806,829
Kilroy Realty LP 2.650%, 11/15/33		13,100,000		8,840,009
Omega Healthcare Investors, Inc. 4.750%, 01/15/28		8,900,000		8,236,531
Piedmont Operating Partnership LP 3.150%, 08/15/30		12,900,000		9,084,233
Prologis LP 2.250%, 01/15/32		6,200,000		4,803,132
Public Storage Operating Co. 3.094%, 09/15/27		4,600,000		4,239,240
Realty Income Corp. 3.875%, 04/15/25		10,700,000		10,386,537
SBA Tower Trust 2.328%, 07/15/52 (144A)		13,000,000		11,056,033
Starwood Property Trust, Inc. 4.375%, 01/15/27 (144A)		13,300,000		11,600,944
Sun Communities Operating LP 2.700%, 07/15/31		13,200,000		10,159,064
UDR, Inc. 3.500%, 07/01/27		1,000,000		921,417
4.400%, 01/26/29		3,400,000		3,141,262
Welltower OP LLC 4.250%, 04/01/26		1,102,000		1,058,133
Weyerhaeuser Co. 4.750%, 05/15/26		12,000,000		11,710,453
				167,625,090
Retail—0.3%
7-Eleven, Inc. 1.800%, 02/10/31 (144A)		9,600,000		7,278,697
CK Hutchison International 23 Ltd. 4.750%, 04/21/28 (144A)		2,700,000		2,602,908
				9,881,605
Semiconductors—0.7%
Broadcom, Inc.
3.137%, 11/15/35 (144A)		8,769,000		6,393,317
Semiconductors—(Continued)
Broadcom, Inc.
3.187%, 11/15/36 (144A)		10,800,000		7,754,271
4.300%, 11/15/32		12,400,000		10,818,245
				24,965,833
Shipbuilding—0.3%
Huntington Ingalls Industries, Inc. 2.043%, 08/16/28		13,800,000		11,592,340
Software—0.6%
Oracle Corp. 3.600%, 04/01/40		6,400,000		4,624,266
3.600%, 04/01/50		10,600,000		6,856,637
VMware, Inc. 1.400%, 08/15/26		13,500,000		11,908,441
				23,389,344
Telecommunications—0.2%
AT&T, Inc. 5.400%, 02/15/34		400,000		374,359
Sprint LLC 7.125%, 06/15/24		1,000,000		1,006,083
T-Mobile USA, Inc. 2.550%, 02/15/31		8,900,000		7,081,811
				8,462,253
Total Corporate Bonds & Notes (Cost $1,379,666,017)				1,263,403,087
Asset-Backed Securities—15.4%
Asset-Backed-Automobile—1.2%
Ally Auto Receivables Trust 5.760%, 11/15/26		7,800,000		7,794,138
BMW Vehicle Owner Trust 5.593%, 07/25/24		4,352,696		4,352,751
CarMax Auto Owner Trust 5.720%, 11/16/26		5,900,000		5,894,725
Flagship Credit Auto Trust 4.030%, 12/15/26 (144A)		11,000,000		10,836,169
GM Financial Consumer Automobile Receivables Trust 5.560%, 07/16/24		4,818,629		4,818,871
Hyundai Auto Receivables Trust 5.581%, 07/15/24		4,430,013		4,430,326
Tesla Auto Lease Trust 5.860%, 08/20/25 (144A)		3,900,000		3,894,136
Toyota Auto Loan Extended Note Trust 4.930%, 06/25/36 (144A)		3,900,000		3,808,431
				45,829,547
Asset-Backed-Home Equity—1.1%
ABFC Trust 6.134%, 1M TSFR + 0.814%, 06/25/34 (a)		1,072,909		1,034,820
6.259%, 1M TSFR + 0.939%, 07/25/35 (a)		5,695,971		5,187,125

BHFTI-277

Brighthouse Funds Trust I

PIMCO Total Return Portfolio

Schedule of Investments as of September 30, 2023 (Unaudited)

Asset-Backed Securities—(Continued)

Security Description	Principal Amount*		Value
Asset-Backed-Home Equity—(Continued)
Accredited Mortgage Loan Trust 6.014%, 1M TSFR + 0.404%, 07/25/34 (a)		3,210,113	$	3,075,449
ACE Securities Corp. Home Equity Loan Trust 5.734%, 1M TSFR + 0.414%, 04/25/36 (a)		1,931,775		1,836,972
5.734%, 1M TSFR + 0.414%, 07/25/36 (a)		7,785,634		2,795,785
Asset-Backed Securities Corp. Home Equity Loan Trust 5.514%, 1M TSFR + 0.194%, 05/25/37 (a)		17,675		11,894
Bear Stearns Asset-Backed Securities I Trust 4.532%, 1M TSFR + 0.804%, 02/25/36 (a)		733,796		727,897
5.684%, 1M TSFR + 0.364%, 04/25/37 (a)		4,756,505		6,860,197
6.234%, 1M TSFR + 0.914%, 10/27/32 (a)		6,592		6,462
6.439%, 1M TSFR + 1.119%, 06/25/35 (a)		3,879,546		3,738,817
Citigroup Mortgage Loan Trust, Inc. 5.754%, 1M TSFR + 0.434%, 12/25/36 (144A) (a)		5,550,099		3,065,958
GSAA Home Equity Trust 6.094%, 1M TSFR + 0.774%, 03/25/35 (a)		52,418		51,735
HSI Asset Securitization Corp. Trust 5.774%, 1M TSFR + 0.454%, 12/25/36 (a)		8,528,950		2,191,459
IXIS Real Estate Capital Trust 6.379%, 1M TSFR + 1.059%, 02/25/35 (a)		1,677,854		1,648,216
MASTR Asset-Backed Securities Trust 5.534%, 1M TSFR + 0.214%, 08/25/36 (a)		4,693,762		1,672,626
5.754%, 1M TSFR + 0.434%, 08/25/36 (a)		3,039,028		1,086,698
Merrill Lynch Mortgage Investors Trust 5.934%, 1M TSFR + 0.614%, 07/25/37 (a)		8,672,283		1,984,032
Morgan Stanley ABS Capital I, Inc. Trust 5.494%, 1M TSFR + 0.174%, 05/25/37 (a)		93,990		78,022
NovaStar Mortgage Funding Trust 5.634%, 1M TSFR + 0.314%, 09/25/37 (a)		2,804,850		2,696,844
Option One Mortgage Accep Corp. Asset Back Certificates 6.074%, 1M TSFR + 0.754%, 08/25/33 (a)		7,175		6,790
Option One Mortgage Loan Trust 5.574%, 1M TSFR + 0.254%, 01/25/37 (a)		4,157,852		2,666,338
Renaissance Home Equity Loan Trust 3.925%, 1M TSFR + 0.994%, 08/25/33 (a)		63,628		56,560
Residential Asset Securities Corporation Trust 5.724%, 1M TSFR + 0.404%, 06/25/33 (a)		476,740		440,684
				42,921,380
Asset-Backed-Other—12.9%
ACAS CLO Ltd. 6.462%, 3M TSFR + 1.152%, 10/18/28 (144A) (a)		19,930,029		19,872,252
Adagio V CLO DAC 4.383%, 3M EURIBOR + 0.720%, 10/15/31 (144A) (EUR) (a)		11,000,000		11,422,474
Ameriquest Mortgage Securities, Inc. Asset-Backed Pass-Through Certificates 6.214%, 1M TSFR + 0.894%, 05/25/34 (a)		489,622		483,942
Anchorage Capital CLO 11 Ltd. 6.747%, 3M TSFR + 1.402%, 07/22/32 (144A) (a)		12,000,000		11,929,200
ARES European CLO X DAC 4.443%, 3M EURIBOR + 0.780%, 10/15/31 (144A) (EUR) (a)		10,995,206		11,439,502
Argent Securities, Inc. Asset-Backed Pass-Through Certificates 6.194%, 1M TSFR + 0.874%, 02/25/36 (a)		3,679,106		2,763,205
Asset-Backed-Other—(Continued)
BSPDF Issuer Ltd. 6.647%, 1M TSFR + 1.314%, 10/15/36 (144A) (a)		12,000,000		11,682,983
Carlyle Global Market Strategies CLO Ltd. 6.687%, 3M TSFR + 1.342%, 04/22/32 (144A) (a)		13,500,000		13,422,199
Catamaran CLO Ltd. 6.707%, 3M TSFR + 1.362%, 04/22/30 (144A) (a)		12,565,245		12,539,172
Countrywide Asset-Backed Certificates Trust 4.344%, 10/25/46 (a)		630,526		603,168
4.443%, 10/25/32 (a)		1,533,451		1,499,111
5.574%, 1M TSFR + 0.254%, 07/25/37 (a)		5,807,609		5,198,864
5.574%, 1M TSFR + 0.254%, 04/25/47 (a)		1,783,087		1,670,679
5.654%, 1M TSFR + 0.334%, 09/25/37 (a)		2,129,639		2,124,518
5.714%, 1M TSFR + 0.394%, 02/25/37 (a)		2,216,917		2,057,616
5.734%, 1M TSFR + 0.414%, 09/25/46 (a)		499,560		492,390
5.734%, 1M TSFR + 0.414%, 03/25/47 (a)		480,814		466,217
Dell Equipment Finance Trust 2.110%, 08/23/27 (144A)		428,817		428,111
DLLAD LLC 5.190%, 04/20/26 (144A)		6,500,000		6,459,392
Dryden 80 CLO Ltd. 6.558%, 3M TSFR + 1.250%, 01/17/33 (144A) (a)		1,400,000		1,381,964
Elmwood CLO VII Ltd. 7.054%, 3M TSFR + 1.630%, 01/17/34 (144A) (a)		5,000,000		5,000,000
First Franklin Mortgage Loan Trust 5.714%, 1M TSFR + 0.394%, 12/25/36 (a)		4,590,055		1,882,971
5.744%, 1M TSFR + 0.424%, 10/25/36 (a)		16,312,000		12,737,361
6.364%, 1M TSFR + 1.044%, 10/25/34 (a)		4,709,774		4,571,781
6.859%, 1M TSFR + 1.539%, 10/25/34 (a)		1,681,919		1,668,271
Gallatin CLO IX Ltd. 6.645%, 3M TSFR + 1.312%, 01/21/28 (144A) (a)		2,522,639		2,520,631
GoodLeap Sustainable Home Solutions Trust 4.000%, 04/20/49 (144A)		10,325,854		8,855,704
GSAMP Trust 5.604%, 1M TSFR + 0.284%, 12/25/36 (a)		2,314,623		1,103,344
6.019%, 1M TSFR + 0.699%, 01/25/36 (a)		861,991		877,611
6.754%, 1M TSFR + 1.434%, 12/25/34 (a)		4,040,878		3,275,559
Harvest CLO XX DAC 4.385%, 3M EURIBOR + 0.680%, 10/20/31 (144A) (EUR) (a)		10,887,517		11,296,520
Home Equity Loan Trust 5.664%, 1M TSFR + 0.344%, 04/25/37 (a)		5,346,912		5,108,758
Home Equity Mortgage Loan Asset-Backed Trust 5.654%, 1M TSFR + 0.334%, 04/25/37 (a)		2,085,953		1,559,080
JFIN CLO Ltd. 6.650%, 3M TSFR + 1.252%, 09/20/29 (144A) (a)		7,010,847		7,002,413
KREF Ltd. 6.777%, 1M TSFR + 1.450%, 02/17/39 (144A) (a)		12,500,000		12,302,250
LCM XIII LP 6.452%, 3M TSFR + 1.132%, 07/19/27 (144A) (a)		5,126,971		5,113,974
LCM XXV Ltd. 6.426%, 3M TSFR + 1.100%, 07/20/30 (144A) (a)		9,650,072		9,597,055
Long Beach Mortgage Loan Trust 5.754%, 1M TSFR + 0.434%, 05/25/36 (a)		27,431,043		7,690,606
5.954%, 1M TSFR + 0.634%, 08/25/45 (a)		465,120		444,861
6.214%, 1M TSFR + 0.894%, 08/25/35 (a)		8,071,245		7,778,635

BHFTI-278

Brighthouse Funds Trust I

PIMCO Total Return Portfolio

Schedule of Investments as of September 30, 2023 (Unaudited)

Asset-Backed Securities—(Continued)

Security Description	Principal Amount*		Value
Asset-Backed-Other—(Continued)
Madison Park Funding XXXV Ltd. 6.578%, 3M TSFR + 1.252%, 04/20/32 (144A) (a)		7,300,000	$	7,270,800
Marathon CLO IX Ltd. 6.720%, 3M TSFR + 1.412%, 04/15/29 (144A) (a)		5,738,602		5,729,414
Marathon Static CLO Ltd. 7.152%, 3M TSFR + 1.750%, 07/20/30 (144A) (a)		3,900,000		3,898,015
Merrill Lynch First Franklin Mortgage Loan Trust 6.684%, 1M TSFR + 1.364%, 10/25/37 (a)		9,315,870		7,602,081
MF1 LLC 7.962%, 1M TSFR + 2.635%, 09/17/37 (144A) (a)		10,700,000		10,727,446
MF1 Ltd. 7.147%, 1M TSFR + 1.814%, 11/15/35 (144A) (a)		6,750,189		6,736,565
MidOcean Credit CLO II 6.661%, 3M TSFR + 1.292%, 01/29/30 (144A) (a)		6,102,050		6,084,934
Morgan Stanley ABS Capital I, Inc. Trust 5.684%, 1M TSFR + 0.364%, 07/25/36 (a)		2,704,851		2,315,067
5.734%, 1M TSFR + 0.414%, 06/25/36 (a)		158,640		133,622
6.054%, 1M TSFR + 0.734%, 12/25/35 (a)		972,385		927,317
Neuberger Berman CLO XIV Ltd. 6.657%, 3M TSFR + 1.292%, 01/28/30 (144A) (a)		12,130,591		12,102,946
OSD CLO Ltd. 6.440%, 3M TSFR + 1.132%, 04/17/31 (144A) (a)		12,712,167		12,614,741
OZLM XVI Ltd. 6.663%, 3M TSFR + 1.292%, 05/16/30 (144A) (a)		8,081,450		8,065,052
Palmer Square European Loan Funding DAC 4.443%, 3M EURIBOR + 0.780%, 04/15/31 (144A) (EUR) (a)		9,056,471		9,382,671
Park Place Securities, Inc. 6.169%, 1M TSFR + 0.849%, 09/25/35 (a)		4,279,985		4,134,563
Park Place Securities, Inc. Asset-Backed Pass-Through Certificates 6.484%, 1M TSFR + 1.164%, 10/25/34 (a)		2,940,308		2,859,798
7.234%, 1M TSFR + 1.914%, 12/25/34 (a)		4,104,111		3,948,516
Regatta XI Funding Ltd. 6.640%, 3M TSFR + 1.332%, 07/17/31 (144A) (a)		11,123,593		11,092,302
Saranac CLO VII Ltd. 6.871%, 3M TSFR + 1.492%, 11/20/29 (144A) (a)		2,129,414		2,125,804
Saxon Asset Securities Trust 5.834%, 1M TSFR + 0.514%, 09/25/47 (a)		1,790,844		1,630,237
Sculptor CLO XXV Ltd. 6.840%, 3M TSFR + 1.532%, 01/15/31 (144A) (a)		15,050,000		15,015,054
Securitized Asset-Backed Receivables LLC Trust 5.934%, 1M TSFR + 0.614%, 03/25/36 (a)		13,797,444		8,416,797
5.934%, 1M TSFR + 0.614%, 05/25/36 (a)		6,611,258		3,438,041
Soundview Home Loan Trust 5.544%, 1M TSFR + 0.224%, 02/25/37 (a)		2,055,479		563,537
Specialty Underwriting & Residential Finance Trust 5.704%, 1M TSFR + 0.384%, 04/25/37 (a)		2,455,526		1,642,024
Starwood Ltd. 6.663%, SOFR30A + 1.350%, 11/15/38 (144A) (a)		13,000,000		12,722,158
Structured Asset Investment Loan Trust 5.584%, 1M TSFR + 0.264%, 09/25/36 (a)		723,998		697,102
6.064%, 1M TSFR + 0.744%, 11/25/35 (a)		4,199,422		3,970,333
Structured Asset Securities Corp. Mortgage Loan Trust 6.334%, 1M TSFR + 1.014%, 08/25/37 (a)		76,123		74,565
Asset-Backed-Other—(Continued)
Sunrun Demeter Issuer LLC 2.270%, 01/30/57 (144A)		12,286,051		9,708,447
Symphony CLO Ltd. 7.002%, 3M TSFR + 1.590%, 04/25/34 (144A) (a)		7,700,000		7,700,000
Symphony CLO XVII Ltd. 6.450%, 3M TSFR + 1.142%, 04/15/28 (144A) (a)		425,391		424,981
TCI-Symphony CLO Ltd. 6.583%, 3M TSFR + 1.282%, 10/13/32 (144A) (a)		13,000,000		12,912,627
TCW CLO Ltd. 6.583%, 3M TSFR + 1.232%, 04/25/31 (144A) (a)		12,307,303		12,276,190
THL Credit Wind River CLO Ltd. 6.650%, 3M TSFR + 1.342%, 07/15/31 (144A) (a)		4,000,000		3,978,880
Toro European CLO 7 DAC 4.591%, 3M EURIBOR + 0.810%, 02/15/34 (144A) (EUR) (a)		15,000,000		15,594,338
U.S. Small Business Administration 6.220%, 12/01/28		414,796		410,539
Venture XVII CLO Ltd. 6.450%, 3M TSFR + 1.142%, 04/15/27 (144A) (a)		6,001,506		5,982,907
Venture XXVII CLO Ltd. 6.638%, 3M TSFR + 1.312%, 07/20/30 (144A) (a)		12,518,845		12,418,519
Venture XXVIII CLO Ltd. 6.578%, 3M TSFR + 1.252%, 07/20/30 (144A) (a)		10,456,227		10,400,611
Wells Fargo Home Equity Asset-Backed Securities Trust 6.154%, 1M TSFR + 0.834%, 12/25/35 (a)		655,435		654,301
				486,708,186
Asset-Backed-Student Loan—0.2%
Nelnet Student Loan Trust 6.640%, 02/20/41 (144A)		3,787,110		3,761,336
7.514%, SOFR30A + 2.200%, 02/20/41 (144A) (a)		3,597,755		3,597,720
SoFi Professional Loan Program LLC 3.020%, 02/25/40 (144A)		1,292,394		1,224,100
				8,583,156
Total Asset-Backed Securities (Cost $600,974,240)				584,042,269
Mortgage-Backed Securities—14.8%
Collateralized Mortgage Obligations—8.1%
Adjustable Rate Mortgage Trust 4.510%, 11/25/35 (a)		123,934		90,323
American Home Mortgage Investment Trust 5.794%, 1M TSFR + 0.474%, 12/25/46 (a)		9,646,537		7,663,496
Banc of America Alternative Loan Trust 6.663%, -4 x 1M TSFR + 27.942%, 11/25/46 (a)		316,823		241,960
Banc of America Funding Trust 4.436%, 01/20/47 (a)		54,019		49,021
4.646%, 05/25/35 (a)		213,758		195,767
4.757%, 02/20/36 (a)		400,619		368,364
Banc of America Mortgage Trust 6.000%, 05/25/37		4,420,769		3,348,082
Bayview MSR Opportunity Master Fund Trust 3.000%, 11/25/51 (144A) (a)		11,837,772		9,370,342

BHFTI-279

Brighthouse Funds Trust I

PIMCO Total Return Portfolio

Schedule of Investments as of September 30, 2023 (Unaudited)

Mortgage-Backed Securities—(Continued)

Security Description	Principal Amount*		Value
Collateralized Mortgage Obligations—(Continued)
BCAP LLC Trust 5.250%, 02/26/36 (144A) (a)		1,878,168	$	780,526
5.854%, 1M TSFR + 0.534%, 05/25/47 (a)		3,776,280		3,515,243
Bear Stearns ALT-A Trust 3.969%, 05/25/36 (a)		968,309		478,985
4.138%, 11/25/36 (a)		1,497,419		833,503
4.398%, 05/25/35 (a)		363,344		339,613
4.491%, 11/25/36 (a)		1,294,231		658,877
4.598%, 09/25/35 (a)		377,053		227,793
Bear Stearns ARM Trust 3.250%, 02/25/33 (a)		1,938		1,422
5.208%, 10/25/35 (a)		497,429		469,642
Bear Stearns Structured Products, Inc. Trust 4.335%, 12/26/46 (a)		313,102		227,457
4.710%, 01/26/36 (a)		304,557		218,855
Chase Mortgage Finance Trust 3.873%, 12/25/35 (a)		239,332		218,523
4.099%, 03/25/37 (a)		494,649		461,628
4.376%, 09/25/36 (a)		895,759		747,938
Chevy Chase Funding LLC Mortgage-Backed Certificates 5.688%, 1M TSFR + 0.364%, 08/25/35 (144A) (a)		8,320		7,688
CHL Mortgage Pass-Through Trust 3.965%, 09/20/36 (a)		1,184,543		1,012,019
5.750%, 06/25/37		933,093		459,302
5.834%, 1M TSFR + 0.514%, 04/25/46 (a)		1,207,628		1,056,062
6.074%, 1M TSFR + 0.754%, 03/25/35 (a)		215,028		197,782
Citicorp Mortgage Securities Trust 6.000%, 05/25/37		696,646		589,030
Citigroup Mortgage Loan Trust, Inc. 3.674%, 10/25/46 (a)		480,781		422,772
5.988%, 1Y H15 + 2.150%, 09/25/35 (a)		55,217		53,979
6.150%, 1Y H15 + 2.100%, 09/25/35 (a)		293,257		291,074
7.780%, 1Y H15 + 2.400%, 10/25/35 (a)		456,198		420,123
CitiMortgage Alternative Loan Trust 6.000%, 1M TSFR + 0.764%, 10/25/36 (a)		3,710,447		3,075,019
Countrywide Alternative Loan Trust
Zero Coupon, -1 x 1M TSFR + 4.886%, 05/25/35 (a) (b)		386,022		7,573
5.500%, 02/25/36		1,409,266		966,485
5.954%, 1M TSFR + 0.634%, 06/25/46 (a)		4,389,150		3,637,410
6.000%, 03/25/35		6,933,450		5,393,253
6.000%, 1M TSFR + 6.000%, 08/25/36 (a)		1,689,631		1,483,970
6.000%, 02/25/37		7,432,484		3,152,925
6.000%, 04/25/37		2,571,105		1,156,504
6.000%, 07/25/37		3,794,693		1,831,305
6.106%, 12M MTA + 1.480%, 01/25/36 (a)		388,073		351,761
Countrywide Home Reperforming Loan REMIC Trust 5.774%, 1M TSFR + 0.454%, 06/25/35 (144A) (a)		537,819		491,275
Credit Suisse First Boston Mortgage Securities Corp. 5.823%, 03/25/32 (144A) (a)		21,672		19,950
CSFB Mortgage-Backed Pass-Through Certificates 6.000%, 11/25/35		759,252		544,722
CSMC Trust 5.579%, 10/27/36 (144A) (a)		8,512,230		7,432,637
DSLA Mortgage Loan Trust 5.726%, 07/19/44 (a)		165,959		151,107
Collateralized Mortgage Obligations—(Continued)
First Horizon Mortgage Pass-Through Trust 5.466%, 08/25/35 (a)		56,169		39,017
Gemgarto PLC 5.809%, 3M SONIA + 0.590%, 12/16/67 (144A) (GBP) (a)		3,854,639		4,682,596
GreenPoint Mortgage Funding Trust 5.874%, 1M TSFR + 0.554%, 06/25/45 (a)		19,142		17,862
GS Mortgage-Backed Securities Corp. Trust 2.500%, 06/25/52 (144A) (a)		11,488,847		8,690,393
GS Mortgage-Backed Securities Trust 2.500%, 01/25/52 (144A) (a)		11,770,775		8,896,587
3.000%, 08/26/52 (144A) (a)		13,779,688		10,919,864
GSR Mortgage Loan Trust 3.572%, 04/25/36 (a)		874,395		581,422
3.922%, 01/25/36 (a)		1,267,803		1,153,294
4.353%, 09/25/35 (a)		6,612		6,117
6.000%, 03/25/32		47		44
HarborView Mortgage Loan Trust 5.882%, 1M TSFR + 0.554%, 05/19/35 (a)		309,865		282,181
IndyMac ARM Trust 4.170%, 01/25/32 (a)		218		201
5.292%, 01/25/32 (a)		5,126		4,706
IndyMac INDX Mortgage Loan Trust 5.674%, 1M TSFR + 0.354%, 07/25/36 (a)		1,975,374		1,912,197
5.854%, 1M TSFR + 0.534%, 05/25/46 (a)		3,196,339		2,765,156
JPMorgan Alternative Loan Trust 5.794%, 1M TSFR + 0.474%, 05/25/36 (a)		866,477		742,683
JPMorgan Mortgage Trust 3.000%, 03/25/52 (144A) (a)		11,519,706		9,089,774
4.038%, 12/26/37 (144A) (a)		4,768,818		4,039,636
4.909%, 07/25/35 (a)		43,489		43,220
5.750%, 01/25/36		184,119		83,649
Legacy Mortgage Asset Trust 5.882%, 10/25/59 (144A) (k)		9,527,184		9,470,156
Lehman Mortgage Trust 6.000%, 1M TSFR + 0.714%, 08/25/36 (a)		2,846,177		2,032,216
Lehman XS Trust 5.834%, 1M TSFR + 0.514%, 03/25/47 (a)		9,707,440		8,133,408
MASTR Alternative Loan Trust 5.834%, 1M TSFR + 0.514%, 03/25/36 (a)		610,825		64,241
6.500%, 02/25/35		2,269,850		2,227,966
MASTR Asset Securitization Trust 6.000%, 06/25/36		156,887		88,868
MetLife Securitization Trust 3.750%, 03/25/57 (144A) (a)		3,430,162		3,150,961
Mill City Mortgage Loan Trust 3.250%, 08/25/59 (144A) (a)		8,400,000		6,821,339
Morgan Stanley Re-REMIC Trust 2.950%, 03/26/37 (144A) (k)		1,243,367		1,178,802
MortgageIT Mortgage Loan Trust 5.894%, 1M TSFR + 0.574%, 04/25/36 (a)		1,339,611		1,234,832
New Residential Mortgage Loan Trust 6.864%, 10/25/63 (144A)		7,600,000		7,599,895
Nomura Asset Acceptance Corp. Alternative Loan Trust 5.476%, 05/25/35 (k)		587,641		300,468

BHFTI-280

Brighthouse Funds Trust I

PIMCO Total Return Portfolio

Schedule of Investments as of September 30, 2023 (Unaudited)

Mortgage-Backed Securities—(Continued)

Security Description	Principal Amount*		Value
Collateralized Mortgage Obligations—(Continued)
OBX Trust 6.084%, 1M TSFR + 0.764%, 06/25/57 (144A) (a)		5,084,684	$	4,819,684
6.120%, 11/25/62 (144A) (a)		7,206,921		7,151,084
PRKCM Trust 5.335%, 08/25/57 (144A) (a)		7,030,982		6,837,482
RBSSP Resecuritization Trust 4.528%, 1M TSFR + 0.354%, 06/27/36 (144A) (a)		2,971,488		2,883,496
Residential Asset Securitization Trust 6.000%, 06/25/36		2,840,149		1,158,904
Ripon Mortgages PLC 5.919%, 3M SONIA + 0.700%, 08/28/56 (144A) (GBP) (a)		13,982,384		16,987,588
6.369%, 3M SONIA + 1.150%, 08/28/56 (144A) (GBP) (a)		5,777,000		6,884,012
6.719%, 3M SONIA + 1.500%, 08/28/56 (144A) (GBP) (a)		13,223,000		15,590,832
Sequoia Mortgage Trust 6.082%, 1M TSFR + 0.754%, 04/19/27 (a)		104,011		99,636
6.139%, 1M TSFR + 0.700%, 07/20/33 (a)		53,755		48,477
Structured Adjustable Rate Mortgage Loan Trust 4.143%, 01/25/35 (a)		168,846		165,570
4.669%, 08/25/35 (a)		40,857		34,781
4.842%, 10/25/36 (a)		5,358,340		2,760,869
5.714%, 04/25/35 (a)		1,287,408		1,162,062
Structured Asset Mortgage Investments II Trust 5.942%, 1M TSFR + 0.614%, 07/19/35 (a)		198,953		179,268
Towd Point Mortgage Funding 6.304%, 3M SONIA + 1.144%, 10/20/51 (144A) (GBP) (a)		10,131,133		12,371,316
6.509%, 3M SONIA + 1.350%, 07/20/45 (144A) (GBP) (a)		7,644,234		9,317,776
6.568%, SONIA + 1.350%, 05/20/45 (GBP) (a)		19,850,160		24,195,977
Towd Point Mortgage Trust 3.750%, 07/25/62 (144A) (a)		5,854,953		5,271,251
UWM Mortgage Trust 2.500%, 11/25/51 (144A) (a)		16,170,641		12,262,521
2.500%, 12/25/51 (144A) (a)		11,844,254		8,981,735
WaMu Mortgage Pass-Through Certificates Trust 3.782%, 06/25/37 (a)		3,014,645		2,574,740
5.934%, 1M TSFR + 0.614%, 02/25/45 (a)		3,679,468		3,408,503
6.026%, 12M MTA + 1.400%, 06/25/42 (a)		23,175		20,986
Wells Fargo Mortgage-Backed Securities Trust 6.073%, 09/25/33 (a)		63,547		60,988
				306,196,376
Commercial Mortgage-Backed Securities—6.7%
1211 Avenue of the Americas Trust 3.901%, 08/10/35 (144A)		12,100,000		11,315,596
225 Liberty Street Trust 3.597%, 02/10/36 (144A)		11,600,000		10,317,340
Arbor Multifamily Mortgage Securities Trust 2.756%, 05/15/53 (144A)		7,500,000		6,232,981
AREIT LLC 7.573%, 1M TSFR + 2.242%, 06/17/39 (144A) (a)		11,500,000		11,480,473
Commercial Mortgage-Backed Securities—(Continued)
AREIT Trust 6.525%, 1M TSFR + 1.194%, 11/17/38 (144A) (a)		8,969,497		8,771,922
6.563%, SOFR30A + 1.250%, 01/20/37 (144A) (a)		11,622,972		11,363,078
Benchmark Mortgage Trust 2.955%, 01/15/55 (a)		12,646,000		10,546,569
3.458%, 03/15/55		13,000,000		10,960,226
4.016%, 03/15/52		13,000,000		11,603,294
4.593%, 05/15/55 (a)		11,000,000		9,647,770
Commercial Mortgage Trust 3.545%, 02/10/36 (144A)		11,600,000		10,531,255
CSAIL Commercial Mortgage Trust 3.314%, 11/15/49		1,448,266		1,390,506
DBGS Mortgage Trust 3.843%, 04/10/37 (144A)		12,550,000		9,960,914
DC Office Trust 2.965%, 09/15/45 (144A)		1,000,000		789,429
DOLP Trust 2.956%, 05/10/41 (144A)		13,200,000		10,041,620
Extended Stay America Trust 6.527%, 1M TSFR + 1.194%, 07/15/38 (144A) (a)		13,306,826		13,194,046
GCT Commercial Mortgage Trust 6.248%, 1M TSFR + 0.914%, 02/15/38 (144A) (a)		4,000,000		3,140,002
GS Mortgage Securities Corportation Trust 2.856%, 05/10/34 (144A)		8,900,000		6,096,500
GS Mortgage Securities Trust 3.278%, 11/10/49 (a)		1,487,272		1,430,057
3.722%, 10/10/49 (144A) (a)		13,346,000		11,485,242
JPMorgan Chase Commercial Mortgage Securities Trust 6.830%, 1M TSFR + 1.497%, 12/15/31 (144A) (a)		3,951,329		3,363,760
7.236%, 10/05/40 (144A)		5,800,000		5,675,406
LoanCore Issuer Ltd. 6.228%, SOFR30A + 0.914%, 07/15/35 (144A) (a)		1,245,265		1,239,169
Manhattan West Mortgage Trust 2.130%, 09/10/39 (144A)		12,300,000		10,532,153
MF1 Multifamily Housing Mortgage Loan Trust 6.297%, 1M TSFR + 0.964%, 07/15/36 (144A) (a)		4,013,905		3,959,802
Morgan Stanley Bank of America Merrill Lynch Trust 2.952%, 11/15/49		5,662,688		5,395,426
Morgan Stanley Capital I Trust 2.509%, 04/05/42 (144A) (a)		7,500,000		5,430,334
3.127%, 11/15/52		800,000		674,026
Natixis Commercial Mortgage Securities Trust 7.156%, 1M TSFR + 1.824%, 03/15/35 (144A) (a)		9,866,726		9,852,347
NYO Commercial Mortgage Trust 6.543%, 1M TSFR + 1.209%, 11/15/38 (144A) (a)		14,000,000		12,460,000
Ready Capital Mortgage Financing LLC 6.634%, 1M TSFR + 1.314%, 11/25/36 (144A) (a)		8,401,067		8,287,450
7.694%, 1M TSFR + 2.374%, 10/25/39 (144A) (a)		1,421,589		1,422,853
7.872%, 1M TSFR + 2.552%, 10/25/39 (144A) (a)		9,286,796		9,320,999
Starwood Ltd. 6.527%, 1M TSFR + 1.194%, 07/15/38 (144A) (a)		5,046,879		4,945,942
				252,858,487
Total Mortgage-Backed Securities (Cost $642,320,984)				559,054,863

BHFTI-281

Brighthouse Funds Trust I

PIMCO Total Return Portfolio

Schedule of Investments as of September 30, 2023 (Unaudited)

Foreign Government—2.8%

Security Description	Principal Amount*		Value
Sovereign—2.8%
Brazil Letras do Tesouro Nacional 11.333%, 01/01/24 (BRL)		36,000,000	$	6,962,280
Chile Government International Bond 4.340%, 03/07/42		12,500,000		10,110,057
Italy Buoni Poliennali Del Tesoro 1.300%, 05/15/28 (EUR) (e)		25,620,056		26,285,037
Ivory Coast Government International Bond 5.875%, 10/17/31 (144A) (EUR)		4,900,000		4,272,897
Japan Bank for International Cooperation 2.875%, 07/21/27		11,200,000		10,343,114
Mexico Udibonos 2.750%, 11/27/31 (MXN) (e)		61,460,627		2,973,598
4.000%, 11/30/28 (MXN) (e)		4,171,981		225,623
Peru Government International Bonds 6.350%, 08/12/28 (PEN)		35,000,000		9,240,239
6.950%, 08/12/31 (PEN)		3,600,000		940,244
Qatar Government International Bond 5.103%, 04/23/48		1,500,000		1,357,032
Republic of South Africa Government Bond 10.500%, 12/21/26 (ZAR)		414,600,000		22,524,766
Saudi Government International Bonds 4.750%, 01/18/28 (144A)		6,000,000		5,856,912
5.000%, 01/18/53 (144A)		6,000,000		4,980,000
Total Foreign Government (Cost $122,923,160)				106,071,799
Municipals—1.0%
Louisiana Local Government Environmental Facilities & Community Development Authority 5.048%, 12/01/34		5,900,000		5,741,259
New York State Urban Development Corp. 1.346%, 03/15/26		8,100,000		7,362,123
Sales Tax Securitization Corp. 3.007%, 01/01/33		10,100,000		8,211,064
3.057%, 01/01/34		2,000,000		1,597,997
State of Illinois 6.725%, 04/01/35		5,280,000		5,373,620
Texas Natural Gas Securitization Finance Corp. 5.169%, 04/01/41		5,900,000		5,633,306
Tobacco Settlement Finance Authority 1.820%, 06/01/26		2,250,000		2,040,895
Total Municipals (Cost $39,898,069)				35,960,264
Floating Rate Loan (l)—0.2%
Investment Companies—0.2%
Castlelake L.P.
First Lien Term Loan, 2.950%, 3M LIBOR + 2.950%, 05/13/31 (Cost $6,950,834)		6,959,173		6,124,072
Short-Term Investments—6.0%
Security Description	Principal Amount*		Value
Commercial Paper—2.5%
Ameren Corp. 5.550%, 10/12/23 (m)		6,350,000		6,337,478
American Electric Power Co., Inc. 5.570%, 10/16/23 (m)		8,350,000		8,328,384
AT&T, Inc. 5.700%, 03/19/24 (m)		10,000,000		9,724,991
Crown Castle, Inc. 6.050%, 10/03/23 (m)		1,436,000		1,435,087
6.050%, 10/05/23 (m)		1,264,000		1,262,791
Dominion Energy, Inc. 5.540%, 10/24/23 (m)		7,250,000		7,222,380
Energy Transfer LP 5.850%, 10/04/23 (m)		9,700,000		9,692,276
Fidelity National Information Services, Inc. 5.550%, 10/16/23 (m)		2,210,000		2,204,283
5.550%, 10/19/23 (m)		2,790,000		2,781,487
L3Harris Technologies, Inc. 5.650%, 10/03/23 (m)		8,000,000		7,995,177
LSEGA Financing PLC 5.500%, 10/03/23 (m)		4,800,000		4,797,066
5.500%, 10/05/23 (m)		4,700,000		4,695,686
Marriott International, Inc. 5.540%, 10/11/23 (m)		550,000		548,971
Penske Truck Leasing Co. LP 5.510%, 10/04/23 (m)		7,650,000		7,644,149
RTX Corp. 5.480%, 10/04/23 (m)		5,700,000		5,695,704
5.490%, 10/02/23 (m)		3,510,000		3,508,413
5.500%, 10/04/23 (m)		490,000		489,631
Sempra 5.530%, 10/19/23 (m)		1,900,000		1,894,186
Walgreens Boots Alliance, Inc. 6.050%, 10/02/23 (m)		7,800,000		7,796,182
				94,054,322
Repurchase Agreements—3.0%
Barclays Capital, Inc. Repurchase Agreement dated 09/29/23 at 5.360%, due on 10/02/23 with a maturity value of $22,610,095; collateralized by U.S. Treasury Bond at 3.000%, maturing 02/15/48, with a market value of $22,947,176		22,600,000		22,600,000
Deutsche Bank Securities, Inc. Repurchase Agreement dated 09/29/23 at 5.370%, due on 10/03/23 with a maturity value of $48,807,279; collateralized by U.S. Treasury Inflation-Indexed Notes at 0.375%, maturing 01/15/27, with a market value of $49,980,963		48,800,000		48,800,000
Fixed Income Clearing Corp. Repurchase Agreement dated 09/29/23 at 2.500%, due on 10/02/23 with a maturity value of $6,605,611; collateralized by U.S. Treasury Note at 0.750%, maturing 04/30/26, with a market value of $6,736,379		6,604,235		6,604,235

BHFTI-282

Brighthouse Funds Trust I

PIMCO Total Return Portfolio

Schedule of Investments as of September 30, 2023 (Unaudited)

Short-Term Investments—(Continued)

Security Description	Principal Amount*		Value
Repurchase Agreements—(Continued)
JPMorgan Securities LLC Repurchase Agreement dated 09/29/23 at 5.360%, due on 10/02/23 with a maturity value of $36,216,169; collateralized by U.S. Treasury Bonds at 1.250%, maturing 05/15/50, with a market value of $36,515,663		36,200,000	$	36,200,000
				114,204,235
Foreign Government—0.5%
Japan Treasury Bill
Zero Coupon, 10/30/23 (JPY) (m)		2,770,000,000		18,538,847
Total Short-Term Investments (Cost $228,202,080)				226,797,404
Total Purchased Options—0.0% (n) (Cost $333,204)				312,006
Total Investments—145.4% (Cost $6,020,437,858)				5,499,986,387
Other assets and liabilities (net)—(45.4)%				(1,716,102,509	)
Net Assets—100.0%			$	3,783,883,878

*	Principal and notional amounts stated in U.S. dollars unless otherwise noted.
†	Restricted securities are not registered under the Securities Act of 1933 and are subject to legal restrictions on resale. These securities generally may be resold in transactions exempt from registration or to the public if the securities are subsequently registered. Disposal of these securities may involve time-consuming negotiations and prompt sale at an acceptable price may be difficult. As of September 30, 2023, the market value of restricted securities was $1,117,143, which is less than 0.05% of net assets. See details shown in the Restricted Securities table that follows.
(a)	Variable or floating rate security. The stated rate represents the rate at September 30, 2023. 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 this security has been transferred in a secured-borrowing transaction.
(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 September 30, 2023, the market value of securities pledged was $6,706,326.
(g)	All or a portion of the security was pledged as collateral against TBA securities. As of September 30, 2023, the value of securities pledged amounted to $42,316,116.
(h)	All or a portion of the security was pledged as collateral against open centrally cleared swap contracts. As of September 30, 2023, the market value of securities pledged was $29,558,879.
(i)	All or a portion of the security was pledged as collateral against open OTC option contracts, OTC swap contracts and forward foreign currency exchange contracts. As of September 30, 2023, the market value of securities pledged was $2,717,215.
(j)	Non-income producing; security is in default and/or issuer is in bankruptcy.
(k)	Security is a “step-up” bond where coupon increases or steps up at a predetermined date. Rate shown is current coupon rate.
(l)	Floating rate loans (“Senior Loans”) often require prepayments from excess cash flows or permit the borrowers to repay at their election. The degree to which borrowers repay, whether as a contractual requirement or at their election, cannot be predicted with accuracy. As a result, the actual remaining maturity may be substantially less than the stated maturities shown. However, Senior Loans will generally have an expected average life of approximately two to four years. Senior Loans typically have rates of interest which are determined periodically by reference to a base lending rate, plus a spread. These base rates are primarily the London Interbank Offered Rate and secondarily, the prime rate offered by one or more major United States banks. Base lending rates may be subject to a floor, or a minimum rate.
(m)	The rate shown represents current yield to maturity.
(n)	For a breakout of open positions, see details shown in the Purchased Options table that follows.
(144A)	Securities exempt from registration under Rule 144A of the Securities Act of 1933. These securities may be resold in transactions exempt from registration, normally to qualified institutional buyers. As of September 30, 2023, the market value of 144A securities was $1,262,926,920, which is 33.4% of net assets.

Restricted Securities	Acquisition Date		Principal Amount		Cost		Value
British Airways Pass-Through Trust, 4.125%, 09/20/31		10/01/19	$	1,263,873	$	1,339,705	$	1,117,143

TBA Forward Sale Commitments

Security Description	Interest Rate			Maturity		Face Amount			Cost			Value
Uniform Mortgage-Backed Security, TBA		2.000	%		TBA	$	(10,700,000	)	$	(8,363,150	)	$	(8,137,852	)

Forward Foreign Currency Exchange Contracts

Contracts to Buy		Counterparty	Settlement Date		In Exchange for			Unrealized Appreciation/ (Depreciation)
AUD	69,109	BNP		10/03/23		USD	44,795	$	(361	)
AUD	92,256	DBAG		10/03/23		USD	59,969		(653	)
AUD	28,829,514	UBSA		10/03/23		USD	18,642,000		(106,065	)
AUD	55,306,759	UBSA		10/03/23		USD	35,478,290		81,188
AUD	84,297,638	UBSA		11/02/23		USD	54,158,872		94,035

BHFTI-283

Brighthouse Funds Trust I

PIMCO Total Return Portfolio

Schedule of Investments as of September 30, 2023 (Unaudited)

Forward Foreign Currency Exchange Contracts—(Continued)

Contracts to Buy		Counterparty	Settlement Date		In Exchange for			Unrealized Appreciation/ (Depreciation)
CAD	1,369,000	CBNA		10/03/23		USD	1,010,909	$	(2,994	)
CLP	13,413,349,262	CBNA		11/06/23		USD	16,486,417		(1,429,499	)
CNY	533,092	BNP		02/16/24		USD	75,094		(1,182	)
CNY	568,893	BNP		02/16/24		USD	80,156		(1,281	)
DKK	8,246,122	JPMC		10/03/23		USD	1,165,878		3,047
EUR	1,046,000	BBP		11/15/23		USD	1,125,121		(17,251	)
GBP	1,235,000	DBAG		11/15/23		USD	1,578,304		(71,106	)
GBP	1,280,000	JPMC		11/15/23		USD	1,620,236		(58,120	)
IDR	42,333,809,109	BNP		03/20/24		USD	2,746,577		(8,818	)
IDR	17,485,626,528	GSBU		03/20/24		USD	1,138,832		(8,023	)
IDR	41,022,271,252	GSBU		03/20/24		USD	2,662,228		(9,287	)
INR	93,995,533	JPMC		12/20/23		USD	1,127,890		58
INR	94,851,870	JPMC		12/20/23		USD	1,135,033		3,191
INR	105,733,157	JPMC		12/20/23		USD	1,281,284		(12,484	)
INR	230,218,037	JPMC		12/20/23		USD	2,764,386		(1,764	)
INR	702,952,977	JPMC		12/20/23		USD	8,518,448		(82,997	)
JPY	254,100,000	JPMC		11/15/23		USD	1,747,938		(35,879	)
JPY	2,934,034,973	UBSA		11/15/23		USD	20,701,507		(932,758	)
MYR	1,437,265	GSBU		10/18/23		USD	307,996		(1,575	)
NZD	3,663,000	UBSA		10/03/23		USD	2,176,683		18,736
THB	418,274,890	BNP		10/20/23		USD	11,737,096		(233,597	)
THB	236,813,328	DBAG		10/20/23		USD	6,660,123		(147,225	)
TWD	158,462,902	BNP		03/20/24		USD	5,036,004		(21,081	)
TWD	184,749,219	BNP		03/20/24		USD	5,845,939		875
Contracts to Deliver
AUD	223,000	BNP		10/03/23		USD	142,231		(1,147	)
AUD	84,297,638	UBSA		10/03/23		USD	54,102,224		(96,939	)
AUD	221,741	BNP		11/02/23		USD	143,849		1,139
BRL	36,000,000	GSBU		01/03/24		USD	7,105,679		23,038
CAD	6,543,000	GSBU		10/03/23		USD	4,873,063		55,835
CAD	1,713,000	JPMC		10/03/23		USD	1,275,706		14,525
CAD	4,479,587	UBSA		10/03/23		USD	3,303,896		5,838
CAD	11,351,285	BBP		11/02/23		USD	8,454,137		93,376
CLP	13,412,795,334	DBAG		12/20/23		USD	14,986,364		(17,602	)
DKK	8,248,589	BNP		10/03/23		USD	1,205,696		36,421
DKK	8,233,312	JPMC		11/02/23		USD	1,165,878		(3,043	)
EUR	984,000	BBP		11/15/23		USD	1,082,290		40,088
EUR	65,120,720	DBAG		11/15/23		USD	71,831,807		2,859,296
EUR	2,151,000	JPMC		11/15/23		USD	2,307,156		28,927
EUR	642,000	JPMC		11/15/23		USD	686,395		6,422
EUR	45,979,004	UBSA		11/15/23		USD	50,713,784		2,015,192
GBP	13,790,920	CBNA		11/15/23		USD	17,569,878		739,398
GBP	49,589,166	JPMC		11/15/23		USD	63,157,297		2,638,531
GBP	43,183,914	JPMC		11/15/23		USD	55,151,295		2,449,517
IDR	48,632,766,038	CBNA		03/20/24		USD	3,154,367		9,250
IDR	39,916,901,501	JPMC		03/20/24		USD	2,585,459		4,003
JPY	2,770,000,000	BNP		10/30/23		USD	20,100,430		1,484,569
KRW	164,109,082	CBNA		12/20/23		USD	124,367		2,201
MXN	3,326,000	BNP		10/16/23		USD	190,820		384
MXN	19,662,000	BBP		10/16/23		USD	1,109,904		(15,876	)
MXN	3,322,000	GSBU		10/16/23		USD	190,893		687
MXN	2,111,313	GSBU		10/16/23		USD	120,654		(233	)
MXN	39,446	CBNA		12/14/23		USD	2,278		42
MXN	30,456,063	GSBU		12/14/23		USD	1,755,586		28,983
NZD	3,160,000	BNP		10/03/23		USD	1,882,014		(11,932	)
NZD	503,000	BBP		10/03/23		USD	300,165		(1,308	)
NZD	3,663,000	UBSA		11/02/23		USD	2,176,643		(18,791	)
PEN	43,654,050	CBNA		11/07/23		USD	11,742,535		240,098
SGD	20,087,943	JPMC		12/20/23		USD	14,805,819		58,803

BHFTI-284

Brighthouse Funds Trust I

PIMCO Total Return Portfolio

Schedule of Investments as of September 30, 2023 (Unaudited)

Forward Foreign Currency Exchange Contracts—(Continued)

Contracts to Deliver		Counterparty	Settlement Date		In Exchange for			Unrealized Appreciation/ (Depreciation)
TWD	342,927	CBNA		12/20/23		USD	10,809	$	82
TWD	187,444,911	JPMC		12/20/23		USD	5,927,674		64,310
TWD	159,666,193	JPMC		12/20/23		USD	5,047,297		52,864
ZAR	104,453,297	BNP		10/20/23		USD	5,410,462		(98,251	)
ZAR	49,823,549	BNP		10/20/23		USD	2,584,222		(43,398	)
ZAR	93,777,000	DBAG		11/20/23		USD	4,932,416		287
ZAR	150,773,463	JPMC		11/22/23		USD	7,876,240		(52,173	)
Net Unrealized Appreciation								$	9,610,543

Futures Contracts

Futures Contracts—Long	Expiration Date		Number of Contracts			Notional Value				Value/ Unrealized Appreciation/ (Depreciation)
3 Month SOFR Futures		03/19/24		1,222			USD	288,850,250		$	(6,400,134	)
3 Month SOFR Futures		09/17/24		1,667			USD	395,141,513			(106,488	)
Euro-Bobl Futures		12/07/23		156			EUR	18,057,000			(278,057	)
U.S. Treasury Note 2 Year Futures		12/29/23		158			USD	32,028,328			(88,130	)
U.S. Treasury Ultra Long Bond Futures		12/19/23		109			USD	12,936,938			(957,327	)
Futures Contracts—Short
3 Month SOFR Futures		12/17/24		(1,667	)		USD	(396,287,575	)		203,099
30 Day Federal Funds Futures		10/31/23		(290	)		USD	(114,405,089	)		(33,658	)
Euro-Bund Futures		12/07/23		(834	)		EUR	(107,285,760	)		2,978,262
Japanese Government 10 Year Bond Futures		12/13/23		(85	)		JPY	(12,321,600,000	)		640,648
U.S. Treasury Note 10 Year Futures		12/19/23		(443	)		USD	(47,871,688	)		928,074
U.S. Treasury Note 5 Year Futures		12/29/23		(1,144	)		USD	(120,531,125	)		920,708
U.S. Treasury Note Ultra 10 Year Futures		12/19/23		(1,237	)		USD	(138,002,813	)		3,529,962
Net Unrealized Appreciation										$	1,336,959

Purchased Options

Foreign Currency Options	Strike Price		Counterparty	Expiration Date		Number of Contracts		Notional Amount			Premiums Paid		Market Value		Unrealized Appreciation/ (Depreciation)
USD Call/GBP Put	USD	1.200	GSBU		09/26/24		10,100,000		GBP	10,100,000	$	333,204	$	312,006	$	(21,198	)

Written Options

Foreign Currency Options	Strike Price		Counterparty	Expiration Date		Number of Contracts			Notional Amount				Premiums Received			Market Value			Unrealized Appreciation/ (Depreciation)
USD Call/GBP Put	USD	1.100	GSBU		09/26/24		(20,200,000	)		GBP	(20,200,000	)	$	(207,041	)	$	(187,063	)	$	19,978

Interest Rate Swaptions	Strike Rate			Counterparty	Floating Rate Index	Pay/Receive Floating Rate	Expiration Date		Number of Contracts			Notional Amount				Premiums Received			Market Value			Unrealized Appreciation/ (Depreciation)
Call - OTC - 1 Yr. IRS		3.140	%	GSBU	12M SOFR	Receive		10/23/23		(6,400,000	)		USD	(6,400,000	)	$	(44,960	)	$	—		$	44,960
Call - OTC - 1 Yr. IRS		3.225	%	GSBU	12M SOFR	Receive		10/23/23		(1,500,000	)		USD	(1,500,000	)		(10,406	)		—			10,406
Call - OTC - 1 Yr. IRS		3.190	%	GSBU	12M SOFR	Receive		10/23/23		(14,100,000	)		USD	(14,100,000	)		(97,995	)		—			97,995
Call - OTC - 1 Yr. IRS		2.150	%	GSBU	12M SOFR	Receive		11/20/23		(15,600,000	)		USD	(15,600,000	)		(54,405	)		(1	)		54,404
Call - OTC - 1 Yr. IRS		2.697	%	GSBU	12M SOFR	Receive		04/02/24		(34,500,000	)		USD	(34,500,000	)		(270,610	)		(14,290	)		256,320
Put - OTC - 1 Yr. IRS		3.225	%	GSBU	12M SOFR	Pay		10/23/23		(1,500,000	)		USD	(1,500,000	)		(10,406	)		(31,522	)		(21,116	)
Put - OTC - 1 Yr. IRS		3.140	%	GSBU	12M SOFR	Pay		10/23/23		(6,400,000	)		USD	(6,400,000	)		(44,960	)		(139,715	)		(94,755	)

BHFTI-285

Brighthouse Funds Trust I

PIMCO Total Return Portfolio

Schedule of Investments as of September 30, 2023 (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)
Put - OTC - 1 Yr. IRS		3.650	%	GSBU	12M SOFR	Pay		11/20/23		(15,600,000	)		USD	(15,600,000	)	$	(54,405	)	$	(257,358	)	$	(202,953	)
Put - OTC - 1 Yr. IRS		3.190	%	GSBU	12M SOFR	Pay		10/23/23		(14,100,000	)		USD	(14,100,000	)		(97,995	)		(301,043	)		(203,048	)
Put - OTC - 1 Yr. IRS		2.697	%	GSBU	12M SOFR	Pay		04/02/24		(34,500,000	)		USD	(34,500,000	)		(270,610	)		(776,041	)		(505,431	)
Totals																$	(956,752	)	$	(1,519,970	)	$	(563,218	)

Options on Exchange-Traded Futures Contracts	Strike Price			Expiration Date		Number of Contracts			Notional Amount				Premiums Received			Market Value			Unrealized Appreciation/ (Depreciation)
Call - SOFR 3 Month Interest Rate Futures		USD	98.000		12/15/23		(76	)		USD	(190,000	)	$	(61,687	)	$	(475	)	$	61,212
Put - SOFR 3 Month Interest Rate Futures		USD	96.500		12/15/23		(24	)		USD	(60,000	)		(23,961	)		(117,000	)		(93,039	)
Put - SOFR 3 Month Interest Rate Futures		USD	96.750		12/15/23		(22	)		USD	(55,000	)		(42,900	)		(121,000	)		(78,100	)
Totals													$	(128,548	)	$	(238,475	)	$	(109,927	)

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	1.573%	Annually		02/28/27		USD	6,100,000	$	(568,818	)	$	—		$	(568,818	)
Pay	12M SOFR	Annually	1.635%	Annually		04/18/27		USD	30,000,000		(2,821,611	)		—			(2,821,611	)
Pay	12M SOFR	Annually	1.690%	Annually		04/19/27		USD	30,000,000		(2,768,487	)		—			(2,768,487	)
Pay	12M SOFR	Annually	1.783%	Annually		04/22/27		USD	22,900,000		(2,048,242	)		—			(2,048,242	)
Pay	12M SOFR	Annually	2.150%	Annually		06/15/27		USD	86,400,000		(6,871,770	)		—			(6,871,770	)
Pay	12M SOFR	Annually	2.850%	Annually		08/29/27		USD	16,900,000		(975,555	)		—			(975,555	)
Pay	12M SOFR	Annually	3.050%	Annually		09/08/29		USD	7,300,000		(485,819	)		—			(485,819	)
Pay	12M SOFR	Annually	3.650%	Annually		07/10/33		USD	4,000,000		(197,888	)		—			(197,888	)
Pay	12M SOFR	Annually	3.760%	Annually		08/23/33		USD	7,000,000		(287,460	)		—			(287,460	)
Pay	3M NZDBB	Quarterly	3.750%	Semi-Annually		06/15/27		NZD	41,800,000		(1,336,816	)		(440,917	)		(895,899	)
Pay	3M NZDBB	Quarterly	4.000%	Semi-Annually		06/14/24		NZD	112,100,000		(862,897	)		(148,083	)		(714,814	)
Pay	3M NZDBB	Quarterly	4.250%	Semi-Annually		12/21/27		NZD	2,900,000		(67,787	)		1,654			(69,441	)
Pay	6M BBSW	Semi-Annually	4.500%	Semi-Annually		09/20/33		AUD	16,800,000		(193,768	)		(176,878	)		(16,890	)
Pay	6M CDOR	Semi-Annually	3.750%	Semi-Annually		09/20/25		CAD	175,000,000		(2,987,121	)		(2,574,373	)		(412,748	)
Pay	6M CDOR	Semi-Annually	4.000%	Semi-Annually		06/21/25		CAD	270,000,000		(3,468,714	)		(2,674,101	)		(794,613	)
Pay	6M CDOR	Semi-Annually	4.750%	Semi-Annually		07/14/25		CAD	58,100,000		(217,725	)		—			(217,725	)
Pay	6M CDOR	Semi-Annually	4.820%	Semi-Annually		07/13/25		CAD	23,300,000		(67,090	)		—			(67,090	)
Pay	6M EURIBOR	Annually	0.550%	Annually		08/10/24		EUR	5,000,000		(155,979	)		—			(155,979	)
Pay	6M EURIBOR	Annually	0.650%	Annually		04/12/27		EUR	27,000,000		(2,665,100	)		—			(2,665,100	)
Pay	6M EURIBOR	Annually	1.000%	Annually		05/13/27		EUR	23,700,000		(2,082,398	)		—			(2,082,398	)
Pay	6M EURIBOR	Annually	1.000%	Annually		05/18/27		EUR	9,200,000		(810,085	)		(319,423	)		(490,662	)
Pay	6M EURIBOR	Annually	1.580%	Annually		05/24/24		EUR	265,900,000		(4,477,780	)		(162,654	)		(4,315,126	)
Pay	6M EURIBOR	Annually	2.547%	Annually		03/09/33		EUR	7,100,000		(494,346	)		—			(494,346	)
Pay	6M EURIBOR	Annually	3.000%	Annually		03/20/34		EUR	92,500,000		(2,805,318	)		(1,860,786	)		(944,532	)
Pay	6M TONA	Semi-Annually	0.380%	Semi-Annually		06/18/28		JPY	8,640,000,000		(599,708	)		1,619,420			(2,219,128	)
Pay	12M TONA	Annually	0.000%	Annually		03/17/24		JPY	10,670,000,000		6,256			44,589			(38,333	)
Receive	12M SOFR	Annually	1.750%	Annually		06/15/32		USD	57,000,000		10,350,907			7,656,252			2,694,655
Receive	12M SOFR	Annually	1.750%	Annually		12/21/52		USD	62,900,000		24,080,552			11,440,800			12,639,752
Receive	12M SOFR	Annually	3.500%	Annually		09/20/25		USD	111,800,000		3,100,236			2,282,470			817,766
Receive	12M SOFR	Annually	3.750%	Annually		06/21/25		USD	177,900,000		3,981,994			2,734,989			1,247,005
Receive	12M SOFR	Annually	4.600%	Annually		07/17/25		USD	25,500,000		209,653			(3,010	)		212,663
Receive	12M SOFR	Annually	5.150%	Annually		09/13/24		USD	1,000,000		2,857			1,237			1,620
Receive	12M SOFR	Annually	5.388%	Annually		10/18/24		USD	69,500,000		19,870			—			19,870
Receive	12M TONA	Annually	0.500%	Annually		03/15/42		JPY	3,296,900,000		3,270,693			839,194			2,431,499
Receive	12M TONA	Annually	0.662%	Annually		04/19/42		JPY	285,000,000		233,338			—			233,338

BHFTI-286

Brighthouse Funds Trust I

PIMCO Total Return Portfolio

Schedule of Investments as of September 30, 2023 (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)
Receive	12M TONA	Annually	0.800%	Annually		06/15/52		JPY	5,040,000,000	$	5,819,883	$	34,782		$	5,785,101
Receive	6M TONA	Semi-Annually	0.785%	Semi-Annually		11/12/38		JPY	870,000,000		428,746		(595,915	)		1,024,661
Receive	6M TONA	Semi-Annually	0.800%	Semi-Annually		10/22/38		JPY	570,000,000		270,496		(398,085	)		668,581
Receive	6M EURIBOR	Annually	2.750%	Annually		03/20/54		EUR	24,100,000		1,418,717		1,200,523			218,194
Totals										$	12,875,916	$	18,501,685		$	(5,625,769	)

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

Reference Obligation	Fixed Deal (Pay) Rate			Payment Frequency		Maturity Date		Implied Credit Spread at September 30, 2023(b)			Notional Amount(c)			Market Value			Upfront Premiums Paid/(Received)			Unrealized Appreciation/ (Depreciation)
CDX.NA.HY.35.V1		(5.000	%)		Quarterly		12/20/25		2.966	%		USD	4,018,000	$	(130,474	)	$	(160,330	)	$	29,856
CDX.NA.HY.36 V1		(5.000	%)		Quarterly		06/20/26		3.319	%		USD	7,644,000		(260,943	)		(383,884	)		122,941
Totals														$	(391,417	)	$	(544,214	)	$	152,797

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 September 30, 2023(b)			Notional Amount(c)			Market Value			Upfront Premiums Paid/(Received)			Unrealized Appreciation/ (Depreciation)
AT&T, Inc. 3.800%, due 02/15/27		1.000	%		Quarterly		06/20/28		1.036	%		USD	21,100,000	$	(28,189	)	$	(116,601	)	$	88,412
Barclays Bank PLC 1.500%, due 04/04/17		1.000	%		Quarterly		12/20/23		0.536	%		EUR	3,800,000		4,186			868			3,318
Boeing Co. 2.600%, due 10/30/25		1.000	%		Quarterly		12/20/27		0.679	%		USD	3,400,000		35,010			(121,906	)		156,916
General Electric Co. 2.700%, due 10/09/22		1.000	%		Quarterly		12/20/23		0.198	%		USD	4,800,000		8,702			5,163			3,539
General Electric Co. 2.700%, due 10/09/22		1.000	%		Quarterly		06/20/24		0.213	%		USD	2,900,000		16,397			8,361			8,036
General Electric Co. 2.700%, due 10/09/22		1.000	%		Quarterly		06/20/26		0.408	%		USD	4,700,000		71,675			26,814			44,861
General Electric Co. 2.700%, due 10/09/22		1.000	%		Quarterly		12/20/26		0.449	%		USD	500,000		8,133			3,567			4,566
Rolls Royce PLC 2.125%, due 06/18/21		1.000	%		Quarterly		06/20/24		0.513	%		EUR	6,200,000		19,304			(112,119	)		131,423
Rolls Royce PLC 2.125%, due 06/18/21		1.000	%		Quarterly		12/20/24		0.638	%		EUR	5,000,000		18,158			(150,076	)		168,234
T-Mobile USA, Inc. 4.750%, due 02/01/28		5.000	%		Quarterly		06/20/28		0.895	%		USD	7,000,000		1,197,161			1,139,634			57,527
Verizon Communications, Inc. 4.125%, due 03/16/27		1.000	%		Quarterly		12/20/27		0.932	%		USD	500,000		939			(7,278	)		8,217
Verizon Communications, Inc. 4.125%, due 03/16/27		1.000	%		Quarterly		06/20/28		1.000	%		USD	4,900,000		(1,867	)		3,563			(5,430	)
Verizon Communications, Inc. 4.125%, due 03/16/27		1.000	%		Quarterly		12/20/28		1.055	%		USD	1,200,000		(3,894	)		(2,965	)		(929	)
Totals														$	1,345,715		$	677,025		$	668,690

OTC Credit Default Swaps on Corporate and Sovereign Issues—Sell Protection (d)

Reference Obligation	Fixed Deal Receive Rate			Payment Frequency		Maturity Date		Counterparty		Implied Credit Spread at September 30, 2023(b)			Notional Amount(c)			Market Value			Upfront Premium Paid/(Received)			Unrealized Appreciation/ (Depreciation)
Banco do Brasil S.A. 4.625%, due 01/15/25		1.000	%		Quarterly		12/20/24		JPMC		1.657	%		USD	4,000,000	$	(36,473	)	$	(60,113	)	$	23,640
Colombia Government International Bond 10.375%, due 01/28/33		1.000	%		Quarterly		12/20/26		BBP		1.353	%		USD	2,400,000		(31,830	)		(73,038	)		41,208
Colombia Government International Bond 10.375%, due 01/28/33		1.000	%		Quarterly		12/20/26		CBNA		1.353	%		USD	1,700,000		(22,546	)		(55,083	)		32,537
Colombia Government International Bond 10.375%, due 01/28/33		1.000	%		Quarterly		12/20/26		JPMC		1.353	%		USD	3,200,000		(42,440	)		(53,504	)		11,064
Colombia Government International Bond 10.375%, due 01/28/33		1.000	%		Quarterly		06/20/27		BNP		1.551	%		USD	2,400,000		(55,858	)		(81,691	)		25,833

BHFTI-287

Brighthouse Funds Trust I

PIMCO Total Return Portfolio

Schedule of Investments as of September 30, 2023 (Unaudited)

OTC Credit Default Swaps on Corporate and Sovereign Issues—Sell Protection (d) —(Continued)

Reference Obligation	Fixed Deal Receive Rate			Payment Frequency		Maturity Date		Counterparty		Implied Credit Spread at September 30, 2023 (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		06/20/27		CBNA		1.551	%		USD	400,000	$	(9,310	)	$	(10,291	)	$	981
Colombia Government International Bond 10.375%, due 01/28/33		1.000	%		Quarterly		06/20/27		GSI		1.551	%		USD	3,200,000		(74,477	)		(84,064	)		9,587
Colombia Government International Bond 10.375%, due 01/28/33		1.000	%		Quarterly		06/20/27		JPMC		1.551	%		USD	1,300,000		(30,256	)		(35,708	)		5,452
Colombia Government International Bond 10.375%, due 01/28/33		1.000	%		Quarterly		12/20/27		BNP		1.702	%		USD	500,000		(16,459	)		(36,161	)		19,702
Colombia Government International Bond 10.375%, due 01/28/33		1.000	%		Quarterly		12/20/27		GSI		1.702	%		USD	1,400,000		(46,084	)		(101,228	)		55,144
Republic of South Africa 5.500%, due 03/09/20		1.000	%		Quarterly		06/20/24		GSI		0.690	%		USD	14,280,000		13,952			(81,932	)		95,884
Republic of South Africa 5.875%, due 09/16/25		1.000	%		Quarterly		12/20/26		CBNA		1.860	%		USD	3,100,000		(90,669	)		(98,236	)		7,567
Republic of South Africa 5.875%, due 09/16/25		1.000	%		Quarterly		12/20/26		MSCS		1.860	%		USD	36,100,000		(1,055,851	)		(1,128,306	)		72,455
Totals																$	(1,498,301	)	$	(1,899,355	)	$	401,054

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)

Receive

12M FEDL

Monthly

12/13/23

JPMC

iShares iBoxx $ Investment Grade Corporate Bond ETF

USD    122,424,000

$

—

$

—

$

—

(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.
(1)	There is no upfront payment premium paid or (received) therefore Market Value equals Unrealized Appreciation/(Depreciation).

BHFTI-288

Brighthouse Funds Trust I

PIMCO Total Return Portfolio

Schedule of Investments as of September 30, 2023 (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
(UBSA)—	UBS AG

Currencies

(AUD)—	Australian Dollar
(BRL)—	Brazilian Real
(CAD)—	Canadian Dollar
(CLP)—	Chilean Peso
(CNY)—	Chinese Yuan
(DKK)—	Danish Krone
(EUR)—	Euro
(GBP)—	British Pound
(IDR)—	Indonesian Rupiah
(INR)—	Indian Rupee
(JPY)—	Japanese Yen
(KRW)—	South Korean Won
(MXN)—	Mexican Peso
(MYR)—	Malaysian Ringgit
(NZD)—	New Zealand Dollar
(PEN)—	Peruvian Nuevo Sol
(SGD)—	Singapore Dollar
(THB)—	Thai Baht
(TWD)—	Taiwanese Dollar
(USD)—	United States Dollar
(ZAR)—	South African Rand

Index Abbreviations

(BBSW)—	Australian Bank Bill Swap Rate
(CDOR)—	Canadian Dollar Offered Rate
(CDX.NA.HY)—	Markit North America High Yield 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
(LIBOR)—	London Interbank Offered Rate
(MTA)—	Monthly Treasury Average Index
(NZDBB)—	New Zealand Dollar Bank Bill Index
(PRIME)—	U.S. Federal Reserve Prime Rate
(RFUCCT)—	Refinitiv USD IBOR Consumer Cash Fallbacks Term
(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 Overnight Financing Rate
(UKG)—	U.K. Government Bond

Other Abbreviations

(ARM)—	Adjustable-Rate Mortgage
(CLO)—	Collateralized Loan Obligation
(DAC)—	Designated Activity Company
(ETF)—	Exchange-Traded Fund
(IRS)—	Interest Rate Swap
(REMIC)—	Real Estate Mortgage Investment Conduit

BHFTI-289

Brighthouse Funds Trust I

PIMCO Total Return Portfolio

Schedule of Investments as of September 30, 2023 (Unaudited)

Fair Value Hierarchy

Accounting principles generally accepted in the United States of America (“GAAP”) define fair market value as the price that the Portfolio would receive to sell an asset or pay to transfer a liability in an orderly transaction between market participants at the measurement date. It establishes a fair value hierarchy that prioritizes inputs to valuation methods and requires disclosure of the fair value hierarchy, separately for each major category of assets and liabilities, that segregates fair value measurements into three levels. Levels 1, 2 and 3 of the fair value hierarchy are defined as follows:

Level 1 - unadjusted quoted prices in active markets for identical investments

Level 2 - other significant observable inputs (including, but not limited to, quoted prices for similar assets or liabilities in markets that are either active or inactive; inputs other than quoted prices that are observable such as interest rates, yield curves, volatilities, prepayment speeds, loss severities, credit risks, default rates, or other market corroborated inputs)

Level 3 - significant unobservable inputs based on the best information available in the circumstances, to the extent observable inputs are unavailable (including the Portfolio’s own assumptions used in determining the fair value of investments and derivative financial instruments)

The inputs or methodologies used for valuing investments are not necessarily an indication of the risk associated with investing in them. Changes to the inputs or methodologies used may result in transfers between levels. A reconciliation of Level 3 securities, if any, will be disclosed following the fair value hierarchy table. For more information about the Portfolio’s policy regarding the valuation of investments, please refer to the Notes to Schedule of Investments.

The following table summarizes the fair value hierarchy of the Portfolio’s investments as of September 30, 2023:

Description	Level 1			Level 2			Level 3		Total
Total U.S. Treasury & Government Agencies*	$	—		$	2,718,220,623		$	—	$	2,718,220,623
Total Corporate Bonds & Notes*		—			1,263,403,087			—		1,263,403,087
Total Asset-Backed Securities*		—			584,042,269			—		584,042,269
Total Mortgage-Backed Securities*		—			559,054,863			—		559,054,863
Total Foreign Government*		—			106,071,799			—		106,071,799
Total Municipals*		—			35,960,264			—		35,960,264
Total Floating Rate Loan*		—			6,124,072			—		6,124,072
Total Short-Term Investments*		—			226,797,404			—		226,797,404
Total Purchased Options at Value		—			312,006			—		312,006
Total Investments	$	—		$	5,499,986,387		$	—	$	5,499,986,387
TBA Forward Sales Commitments	$	—		$	(8,137,852	)	$	—	$	(8,137,852	)
Secured Borrowings (Liability)	$	—		$	(22,552,889	)	$	—	$	(22,552,889	)
Forward Contracts
Forward Foreign Currency Exchange Contracts (Unrealized Appreciation)	$	—		$	13,155,236		$	—	$	13,155,236
Forward Foreign Currency Exchange Contracts (Unrealized Depreciation)		—			(3,544,693	)		—		(3,544,693	)
Total Forward Contracts	$	—		$	9,610,543		$	—	$	9,610,543
Futures Contracts
Futures Contracts (Unrealized Appreciation)	$	9,200,753		$	—		$	—	$	9,200,753
Futures Contracts (Unrealized Depreciation)		(7,863,794	)		—			—		(7,863,794	)
Total Futures Contracts	$	1,336,959		$	—		$	—	$	1,336,959
Written Options
Foreign Currency Options at Value	$	—		$	(187,063	)	$	—	$	(187,063	)
Interest Rate Swaptions at Value		—			(1,519,970	)		—		(1,519,970	)
Options on Exchange-Traded Futures Contracts at Value		(238,475	)		—			—		(238,475	)
Total Written Options	$	(238,475	)	$	(1,707,033	)	$	—	$	(1,945,508	)
Centrally Cleared Swap Contracts
Centrally Cleared Swap Contracts (Unrealized Appreciation)	$	—		$	28,822,551		$	—	$	28,822,551
Centrally Cleared Swap Contracts (Unrealized Depreciation)		—			(33,626,833	)		—		(33,626,833	)
Total Centrally Cleared Swap Contracts	$	—		$	(4,804,282	)	$	—	$	(4,804,282	)
OTC Swap Contracts
OTC Swap Contracts at Value (Assets)	$	—		$	13,952		$	—	$	13,952
OTC Swap Contracts at Value (Liabilities)		—			(1,512,253	)		—		(1,512,253	)
Total OTC Swap Contracts	$	—		$	(1,498,301	)	$	—	$	(1,498,301	)

* See Schedule of Investments for additional detailed categorizations.

BHFTI-290

Brighthouse Funds Trust I

Schroders Global Multi-Asset Portfolio

Consolidated Schedule of Investments as of September 30, 2023 (Unaudited)

Common Stocks—44.1% of Net Assets

Security Description	Shares		Value
Aerospace & Defense—0.3%
Airbus SE		1,831	$	244,956
BAE Systems PLC		11,524		139,888
Boeing Co. (a)		1,592		305,155
General Dynamics Corp.		1,493		329,908
HEICO Corp. (b)		1,484		240,304
Howmet Aerospace, Inc.		5,952		275,280
Huntington Ingalls Industries, Inc.		710		145,252
RTX Corp.		5,068		364,744
Safran SA		1,571		245,632
TransDigm Group, Inc. (a)		570		480,584
				2,771,703
Air Freight & Logistics—0.1%
DSV AS		1,352		252,055
FedEx Corp.		2,126		563,220
United Parcel Service, Inc. - Class B (b)		3,855		600,879
				1,416,154
Automobile Components—0.2%
Aisin Corp.		3,600		135,974
Aptiv PLC (a)		1,188		117,125
BorgWarner, Inc.		3,552		143,394
Bridgestone Corp.		4,800		187,084
Gentex Corp.		16,482		536,324
JTEKT Corp.		10,700		100,902
Niterra Co. Ltd.		5,900		133,514
Sumitomo Electric Industries Ltd.		11,200		134,874
				1,489,191
Automobiles—1.0%
Ferrari NV		2,028		597,684
Ford Motor Co.		10,250		127,305
General Motors Co.		4,985		164,356
Honda Motor Co. Ltd.		54,000		607,189
Isuzu Motors Ltd.		15,800		198,586
Kia Corp.		1,731		103,895
Mazda Motor Corp.		19,600		222,219
Mercedes-Benz Group AG		2,808		195,583
Stellantis NV (Milan-Traded Shares)		10,191		195,472
Suzuki Motor Corp.		3,000		120,646
Tesla, Inc. (a)		23,552		5,893,181
Toyota Motor Corp. (b)		45,300		814,008
Yamaha Motor Co. Ltd.		8,300		218,080
				9,458,204
Banks—2.5%
ANZ Group Holdings Ltd.		11,279		185,570
Banco Bilbao Vizcaya Argentaria SA		64,957		528,915
Banco Santander SA		67,042		254,583
Bank Negara Indonesia Persero Tbk PT		359,200		239,874
Bank of America Corp.		62,169		1,702,187
Bank of Montreal (b)		4,325		364,851
Bank of Nova Scotia (b)		3,822		171,311
Barclays PLC		250,871		485,883
BNP Paribas SA		13,617		866,898
Banks—(Continued)
Citigroup, Inc.		12,462		512,562
Commonwealth Bank of Australia		4,645		295,973
Danske Bank AS		4,786		111,480
DBS Group Holdings Ltd.		26,800		658,060
Erste Group Bank AG		6,118		211,347
FinecoBank Banca Fineco SpA		22,556		273,856
HSBC Holdings PLC		174,549		1,367,422
HSBC Holdings PLC (Hong Kong-Traded Shares)		35,600		279,222
ING Groep NV - Series N		31,288		413,322
Intesa Sanpaolo SpA		85,765		220,399
JPMorgan Chase & Co.		40,620		5,890,712
KBC Group NV		6,834		426,082
Lloyds Banking Group PLC		213,076		114,734
Mitsubishi UFJ Financial Group, Inc.		39,500		335,037
Mizuho Financial Group, Inc.		43,390		734,958
National Australia Bank Ltd.		11,915		222,429
National Bank of Canada (b)		1,291		85,763
Nordea Bank Abp		13,517		148,536
Oversea-Chinese Banking Corp. Ltd.		64,600		603,329
PNC Financial Services Group, Inc.		1,246		152,971
Royal Bank of Canada (b)		8,553		747,463
Skandinaviska Enskilda Banken AB - Class A		34,289		408,420
Societe Generale SA		11,126		269,141
Standard Chartered PLC		59,710		551,836
Sumitomo Mitsui Financial Group, Inc.		12,300		602,985
Toronto-Dominion Bank (b)		15,649		942,800
Truist Financial Corp.		4,183		119,676
U.S. Bancorp (b)		21,673		716,509
UniCredit SpA		23,844		570,570
United Overseas Bank Ltd.		23,000		478,796
Wells Fargo & Co.		36,590		1,495,067
Westpac Banking Corp.		11,792		160,203
				24,921,732
Beverages—0.9%
Anheuser-Busch InBev SA		3,392		186,791
Arca Continental SAB de CV		17,300		157,608
Celsius Holdings, Inc. (a)		1,266		217,246
Coca-Cola Co.		41,387		2,316,844
Diageo PLC		19,284		711,171
Fomento Economico Mexicano SAB de CV (ADR)		2,038		222,448
Kirin Holdings Co. Ltd.		17,800		249,659
Monster Beverage Corp. (a)		20,137		1,066,254
PepsiCo, Inc.		22,881		3,876,957
Pernod Ricard SA		271		45,111
				9,050,089
Biotechnology—0.7%
AbbVie, Inc.		13,706		2,043,016
Alnylam Pharmaceuticals, Inc. (a)		309		54,724
Amgen, Inc.		4,510		1,212,108
Argenx SE (a)		275		133,694
Biogen, Inc. (a)		402		103,318
CSL Ltd.		1,378		222,020
Exact Sciences Corp. (a) (b)		842		57,441
Gilead Sciences, Inc.		8,684		650,779

BHFTI-291

Brighthouse Funds Trust I

Schroders Global Multi-Asset Portfolio

Consolidated Schedule of Investments as of September 30, 2023 (Unaudited)

Common Stocks—(Continued)

Security Description	Shares		Value
Biotechnology—(Continued)
Horizon Therapeutics PLC (a)		1,261	$	145,885
Incyte Corp. (a)		1,337		77,238
Moderna, Inc. (a)		747		77,158
Neurocrine Biosciences, Inc. (a)		1,304		146,700
Regeneron Pharmaceuticals, Inc. (a)		250		205,740
United Therapeutics Corp. (a)		1,911		431,638
Vertex Pharmaceuticals, Inc. (a)		2,511		873,175
				6,434,634
Broadline Retail—1.3%
Amazon.com, Inc. (a)		85,875		10,916,430
Dollarama, Inc.		7,802		537,538
eBay, Inc.		4,953		218,378
Etsy, Inc. (a) (b)		647		41,783
MercadoLibre, Inc. (a)		467		592,100
Prosus NV (a)		5,749		169,421
Wesfarmers Ltd.		6,440		218,786
				12,694,436
Building Products—0.4%
A.O. Smith Corp.		5,363		354,655
AGC, Inc.		2,500		87,785
Allegion PLC (b)		2,959		308,328
Assa Abloy AB - Class B		5,852		127,491
Carlisle Cos., Inc. (b)		330		85,556
Cie de Saint-Gobain SA		3,791		227,113
Daikin Industries Ltd.		1,300		203,951
Johnson Controls International PLC		5,741		305,478
Lennox International, Inc.		1,279		478,909
Masco Corp.		6,367		340,316
Owens Corning		2,658		362,578
Trane Technologies PLC		6,482		1,315,263
				4,197,423
Capital Markets—1.3%
Ameriprise Financial, Inc. (b)		1,242		409,463
Azimut Holding SpA		4,750		103,582
Bank of New York Mellon Corp.		16,738		713,876
BlackRock, Inc.		1,299		839,791
Blackstone, Inc.		1,981		212,244
Brookfield Asset Management Ltd. - Class A (b)		1,971		65,678
Brookfield Corp. (b)		5,108		159,718
Charles Schwab Corp.		22,692		1,245,791
CME Group, Inc.		1,027		205,626
Deutsche Bank AG		10,884		120,185
Deutsche Boerse AG		3,137		542,216
Evercore, Inc. - Class A (b)		1,521		209,715
FactSet Research Systems, Inc.		410		179,277
Goldman Sachs Group, Inc.		1,081		349,779
Hong Kong Exchanges & Clearing Ltd.		3,600		134,215
IG Group Holdings PLC		7,877		61,561
Intercontinental Exchange, Inc.		1,646		181,093
London Stock Exchange Group PLC		910		91,352
Macquarie Group Ltd.		1,735		186,685
Moody’s Corp.		3,296		1,042,096
Capital Markets—(Continued)
Morgan Stanley		31,329		2,558,639
MSCI, Inc.		1,981		1,016,412
Nomura Holdings, Inc.		20,000		80,187
S&P Global, Inc.		882		322,292
State Street Corp.		6,565		439,592
Swissquote Group Holding SA		338		61,702
UBS Group AG		36,527		902,866
				12,435,633
Chemicals—0.8%
Air Liquide SA		4,507		759,506
Air Products & Chemicals, Inc.		3,107		880,524
Albemarle Corp. (b)		1,812		308,113
BASF SE		2,887		131,048
Chr Hansen Holding AS		1,072		65,573
Corteva, Inc.		13,551		693,269
Dow, Inc.		2,771		142,873
DuPont de Nemours, Inc. (b)		2,219		165,515
Ecolab, Inc.		5,839		989,127
Givaudan SA		40		130,938
International Flavors & Fragrances, Inc. (b)		601		40,970
Kuraray Co. Ltd.		6,500		77,009
Linde PLC		3,266		1,216,095
Livent Corp. (a) (b)		7,524		138,517
Mitsubishi Gas Chemical Co., Inc.		5,400		72,677
Nissan Chemical Corp.		2,900		123,278
Nitto Denko Corp.		2,300		150,779
Sherwin-Williams Co.		4,400		1,122,220
Shin-Etsu Chemical Co. Ltd.		21,500		624,025
Sika AG		692		175,392
Solvay SA		990		109,505
Yara International ASA		1,996		75,596
				8,192,549
Commercial Services & Supplies—0.3%
Cintas Corp.		1,578		759,034
Copart, Inc. (a)		10,547		454,470
Republic Services, Inc.		1,620		230,866
Rollins, Inc.		11,210		418,469
Waste Management, Inc.		6,184		942,689
				2,805,528
Communications Equipment—0.5%
Arista Networks, Inc. (a)		9,087		1,671,372
Cisco Systems, Inc.		33,034		1,775,908
Extreme Networks, Inc. (a)		11,845		286,767
Motorola Solutions, Inc.		2,832		770,984
Nokia Oyj		23,648		88,938
Telefonaktiebolaget LM Ericsson - B Shares		7,705		37,425
				4,631,394
Construction & Engineering—0.1%
Kajima Corp.		3,600		58,586
Obayashi Corp.		13,200		116,226
Taisei Corp.		2,400		84,443

BHFTI-292

Brighthouse Funds Trust I

Schroders Global Multi-Asset Portfolio

Consolidated Schedule of Investments as of September 30, 2023 (Unaudited)

Common Stocks—(Continued)

Security Description	Shares		Value
Construction & Engineering—(Continued)
Vinci SA		2,617	$	289,720
				548,975
Construction Materials—0.0%
James Hardie Industries PLC (a)		5,261		137,277
Consumer Finance—0.2%
American Express Co.		10,020		1,494,884
Capital One Financial Corp.		1,601		155,377
Discover Financial Services		1,465		126,913
				1,777,174
Consumer Staples Distribution & Retail—0.6%
Costco Wholesale Corp.		5,251		2,966,605
Dollar General Corp.		671		70,992
Dollar Tree, Inc. (a) (b)		798		84,947
Endeavour Group Ltd.		33,067		111,893
HelloFresh SE (a)		1,529		45,715
Kesko Oyj - B Shares		4,743		84,840
Koninklijke Ahold Delhaize NV		4,777		144,041
Kroger Co.		16,413		734,482
Loblaw Cos. Ltd.		1,828		155,311
Seven & i Holdings Co. Ltd.		3,300		129,227
Sysco Corp.		1,778		117,437
Target Corp.		1,147		126,824
Walgreens Boots Alliance, Inc. (b)		2,739		60,915
Walmart, Inc.		6,652		1,063,854
Woolworths Group Ltd.		6,644		160,074
				6,057,157
Containers & Packaging—0.1%
Ball Corp. (b)		9,643		480,029
Graphic Packaging Holding Co.		4,960		110,509
International Paper Co.		2,737		97,081
Smurfit Kappa Group PLC		3,495		115,626
Sonoco Products Co.		1,873		101,798
Verallia SA		2,256		88,706
				993,749
Distributors—0.0%
Genuine Parts Co.		1,791		258,585
Diversified REITs—0.0%
Daiwa House REIT Investment Corp.		116		204,684
Diversified Telecommunication Services—0.2%
AT&T, Inc.		16,420		246,628
BCE, Inc.		2,902		110,781
Cellnex Telecom SA (a)		2,039		70,899
Deutsche Telekom AG		11,878		249,431
Koninklijke KPN NV		152,259		501,828
Liberty Global PLC - Class A (a)		4,706		80,567
Nippon Telegraph & Telephone Corp.		296,000		349,605
Quebecor, Inc. - Class B		5,423		116,226
Spark New Zealand Ltd.		64,632		186,322
Telecom Italia SpA (a)		137,586		42,964
Diversified Telecommunication Services—(Continued)
Telkom Indonesia Persero Tbk PT		394,900		95,779
Verizon Communications, Inc.		9,589		310,779
				2,361,809
Electric Utilities—0.3%
Constellation Energy Corp.		959		104,608
Duke Energy Corp.		3,161		278,990
Edison International		2,280		144,301
Enel SpA		26,635		163,438
Evergy, Inc.		3,738		189,517
Eversource Energy		1,925		111,939
Exelon Corp.		4,488		169,601
Iberdrola SA		68,505		764,887
NextEra Energy, Inc.		12,787		732,567
Orsted AS		948		51,612
Redeia Corp. SA		8,120		127,529
Southern Co.		3,916		253,443
Terna - Rete Elettrica Nazionale		31,486		236,867
				3,329,299
Electrical Equipment—0.5%
ABB Ltd.		10,581		378,125
AMETEK, Inc.		4,166		615,568
Array Technologies, Inc. (a) (b)		12,834		284,787
Atkore, Inc. (a) (b)		1,435		214,088
Eaton Corp. PLC		1,863		397,341
Emerson Electric Co.		11,428		1,103,602
Encore Wire Corp. (b)		651		118,781
Fluence Energy, Inc. (a) (b)		13,100		301,169
Generac Holdings, Inc. (a) (b)		183		19,940
Hubbell, Inc.		893		279,875
Legrand SA		3,161		290,106
NEXTracker, Inc. - Class A (a)		7,239		290,718
Nidec Corp.		2,100		97,283
Rockwell Automation, Inc.		1,504		429,949
Siemens Energy AG (a)		2,798		36,605
Vestas Wind Systems AS (a)		5,766		123,071
				4,981,008
Electronic Equipment, Instruments & Components—0.2%
Amphenol Corp. - Class A		6,881		577,935
Corning, Inc.		3,887		118,437
Delta Electronics, Inc.		10,000		100,534
E Ink Holdings, Inc.		17,000		95,087
Keyence Corp.		700		260,170
Lotes Co. Ltd.		4,000		102,078
Murata Manufacturing Co. Ltd.		6,900		126,103
Yokogawa Electric Corp.		6,400		123,586
Zebra Technologies Corp. - Class A (a)		350		82,786
				1,586,716
Energy Equipment & Services—0.1%
Schlumberger NV (b)		20,551		1,198,123
Tenaris SA		3,538		55,904
				1,254,027

BHFTI-293

Brighthouse Funds Trust I

Schroders Global Multi-Asset Portfolio

Consolidated Schedule of Investments as of September 30, 2023 (Unaudited)

Common Stocks—(Continued)

Security Description	Shares		Value
Entertainment—0.6%
Activision Blizzard, Inc.		1,906	$	178,459
Electronic Arts, Inc.		2,793		336,277
Endeavor Group Holdings, Inc. - Class A (a)		16,191		322,201
JYP Entertainment Corp.		1,006		83,685
Koei Tecmo Holdings Co. Ltd.		8,400		119,392
Liberty Media Corp.-Liberty Formula One - Class C (a)		13,191		821,799
Liberty Media Corp.-Liberty Live - Class C (a) (b)		116		3,724
Netflix, Inc. (a)		6,299		2,378,502
Nintendo Co. Ltd.		3,200		133,313
Roku, Inc. (a)		462		32,612
Take-Two Interactive Software, Inc. (a)		5,348		750,806
Walt Disney Co. (a)		10,036		813,418
Warner Bros Discovery, Inc. (a)		9,328		101,302
				6,075,490
Financial Services—1.5%
Adyen NV (a)		146		108,225
Berkshire Hathaway, Inc. - Class B (a)		6,924		2,425,477
Block, Inc. (a)		1,501		66,434
Edenred SE		11,165		697,593
Essent Group Ltd.		4,075		192,707
Fidelity National Information Services, Inc.		1,977		109,269
Fiserv, Inc. (a)		1,603		181,075
FleetCor Technologies, Inc. (a)		1,342		342,666
Global Payments, Inc.		979		112,967
Mastercard, Inc. - Class A		10,154		4,020,070
MGIC Investment Corp.		9,388		156,686
NMI Holdings, Inc. - Class A (a) (b)		2,170		58,785
Nuvei Corp.		2,287		34,299
PayPal Holdings, Inc. (a)		8,404		491,298
Radian Group, Inc. (b)		7,200		180,792
Visa, Inc. - Class A (b)		23,964		5,511,959
				14,690,302
Food Products—0.5%
Conagra Brands, Inc.		3,190		87,470
Danone SA		2,924		161,100
General Mills, Inc.		1,577		100,912
Hershey Co.		3,125		625,250
Kraft Heinz Co.		2,094		70,442
Mondelez International, Inc. - Class A		14,769		1,024,969
Nestle SA		21,715		2,452,088
				4,522,231
Gas Utilities—0.0%
Hong Kong & China Gas Co. Ltd.		108,857		75,843
Italgas SpA		15,999		81,828
				157,671
Ground Transportation—0.5%
Canadian National Railway Co. (b)		6,509		704,884
Canadian Pacific Kansas City Ltd. (b)		5,600		416,253
CSX Corp.		13,334		410,021
Norfolk Southern Corp.		829		163,255
Odakyu Electric Railway Co. Ltd.		6,300		94,150
Ground Transportation—(Continued)
Old Dominion Freight Line, Inc.		372		152,200
TFI International, Inc. (b)		777		99,790
Uber Technologies, Inc. (a)		12,035		553,490
Union Pacific Corp.		8,832		1,798,460
				4,392,503
Health Care Equipment & Supplies—0.8%
Abbott Laboratories		17,317		1,677,152
Align Technology, Inc. (a)		350		106,862
Baxter International, Inc.		2,122		80,084
Becton Dickinson & Co.		965		249,481
Boston Scientific Corp. (a)		20,033		1,057,742
DexCom, Inc. (a)		4,112		383,650
Edwards Lifesciences Corp. (a)		6,835		473,529
EssilorLuxottica SA		1,077		187,212
GE HealthCare Technologies, Inc. (b)		1,611		109,612
Hoya Corp.		1,100		113,359
IDEXX Laboratories, Inc. (a)		1,886		824,691
Intuitive Surgical, Inc. (a)		1,414		413,298
Koninklijke Philips NV		5,229		104,211
Medtronic PLC		7,277		570,226
Olympus Corp.		6,600		85,510
ResMed, Inc. (b)		585		86,504
Stryker Corp.		3,687		1,007,547
Sysmex Corp.		1,600		76,304
Zimmer Biomet Holdings, Inc.		1,031		115,699
				7,722,673
Health Care Providers & Services—1.0%
Centene Corp. (a)		1,725		118,818
Cigna Group		3,848		1,100,797
CVS Health Corp.		3,553		248,070
Elevance Health, Inc.		2,064		898,707
HCA Healthcare, Inc.		3,672		903,239
Humana, Inc.		1,060		515,711
McKesson Corp.		1,202		522,690
Progyny, Inc. (a)		2,733		92,977
UnitedHealth Group, Inc.		10,129		5,106,940
				9,507,949
Health Care REITs—0.0%
Ventas, Inc. (b)		2,473		104,188
Welltower, Inc. (b)		2,061		168,837
				273,025
Health Care Technology—0.1%
Veeva Systems, Inc. - Class A (a) (b)		2,465		501,504
Hotels, Restaurants & Leisure—0.9%
Airbnb, Inc. - Class A (a)		3,029		415,609
Amadeus IT Group SA		2,038		122,817
Aristocrat Leisure Ltd.		4,357		114,333
Booking Holdings, Inc. (a)		793		2,445,572
Caesars Entertainment, Inc. (a)		2,116		98,077
Chipotle Mexican Grill, Inc. (a)		91		166,697

BHFTI-294

Brighthouse Funds Trust I

Schroders Global Multi-Asset Portfolio

Consolidated Schedule of Investments as of September 30, 2023 (Unaudited)

Common Stocks—(Continued)

Security Description	Shares		Value
Hotels, Restaurants & Leisure—(Continued)
Compass Group PLC		5,111	$	124,513
Delivery Hero SE (a)		1,182		33,947
Evolution AB		3,447		347,347
Galaxy Entertainment Group Ltd. (a)		18,000		107,669
Hilton Worldwide Holdings, Inc.		3,878		582,398
InterContinental Hotels Group PLC		8,039		592,655
Las Vegas Sands Corp.		14,676		672,748
Marriott International, Inc. - Class A		1,051		206,585
McDonald’s Corp.		9,136		2,406,788
Oriental Land Co. Ltd.		4,300		141,163
Starbucks Corp.		4,848		442,477
Yum! Brands, Inc.		1,250		156,175
				9,177,570
Household Durables—0.2%
DR Horton, Inc.		1,840		197,745
Lennar Corp. - Class A		1,723		193,372
NVR, Inc. (a)		216		1,288,073
Sekisui Chemical Co. Ltd.		12,300		177,068
Sony Group Corp.		3,200		261,765
Sumitomo Forestry Co. Ltd.		3,900		99,215
				2,217,238
Household Products—0.8%
Church & Dwight Co., Inc.		3,178		291,200
Clorox Co.		4,547		595,930
Colgate-Palmolive Co.		18,528		1,317,526
Essity AB - Class B		4,994		107,622
Kimberly-Clark Corp.		10,228		1,236,054
Kimberly-Clark de Mexico SAB de CV - Class A		95,200		189,553
Procter & Gamble Co.		26,644		3,886,294
Reckitt Benckiser Group PLC		2,020		142,754
				7,766,933
Independent Power and Renewable Electricity Producers—0.0%
Drax Group PLC		16,428		87,884
RWE AG		3,295		122,448
				210,332
Industrial Conglomerates—0.3%
3M Co.		3,446		322,614
General Electric Co.		9,300		1,028,115
Hitachi Ltd.		3,900		241,778
Honeywell International, Inc.		4,456		823,201
Lifco AB - B Shares		5,610		98,136
Siemens AG		2,066		296,189
				2,810,033
Industrial REITs—0.1%
Nippon Prologis REIT, Inc.		105		196,908
Prologis, Inc.		6,060		679,993
				876,901
Insurance—1.2%
Aflac, Inc.		3,160		242,530
AIA Group Ltd.		35,200		284,735
Allianz SE		1,415		337,423
Allstate Corp.		972		108,290
American International Group, Inc.		8,084		489,890
Aon PLC - Class A		2,549		826,437
Arch Capital Group Ltd. (a)		5,262		419,434
ASR Nederland NV		4,798		180,083
Assured Guaranty Ltd.		1,603		97,014
AXA SA		10,169		301,209
Beazley PLC		15,070		101,355
Chubb Ltd.		4,822		1,003,844
Everest Group Ltd.		1,294		480,941
Fairfax Financial Holdings Ltd.		225		183,673
First American Financial Corp.		3,727		210,538
Hartford Financial Services Group, Inc.		5,538		392,700
Loews Corp.		4,996		316,297
Manulife Financial Corp.		34,812		636,138
Markel Group, Inc. (a)		164		241,488
Marsh & McLennan Cos., Inc.		9,327		1,774,928
Muenchener Rueckversicherungs-Gesellschaft AG		508		198,185
Old Republic International Corp.		4,038		108,784
Primerica, Inc.		1,059		205,457
Progressive Corp.		1,690		235,417
Prudential PLC		7,976		85,887
Reinsurance Group of America, Inc.		1,127		163,629
Sun Life Financial, Inc.		6,861		334,753
Tokio Marine Holdings, Inc.		11,500		265,102
Unum Group		5,880		289,237
Willis Towers Watson PLC		500		104,480
Zurich Insurance Group AG		1,783		817,037
				11,436,915
Interactive Media & Services—2.3%
Alphabet, Inc. - Class A (a)		66,502		8,702,452
Alphabet, Inc. - Class C (a)		49,038		6,465,660
Match Group, Inc. (a) (b)		1,284		50,301
Meta Platforms, Inc. - Class A (a)		22,398		6,724,104
Moneysupermarket.com Group PLC		26,815		79,069
Pinterest, Inc. - Class A (a)		1,701		45,978
Snap, Inc. - Class A (a) (b)		3,066		27,318
Tencent Holdings Ltd.		5,400		209,277
				22,304,159
IT Services—0.5%
Accenture PLC - Class A		7,339		2,253,880
Amdocs Ltd.		2,427		205,057
Cloudflare, Inc. - Class A (a)		2,687		169,389
Cognizant Technology Solutions Corp. - Class A		1,433		97,071
Fujitsu Ltd.		700		82,360
Gartner, Inc. (a)		1,776		610,251
International Business Machines Corp.		2,175		305,153
MongoDB, Inc. (a)		307		106,179
Obic Co. Ltd.		1,000		152,142
Okta, Inc. (a)		2,460		200,515
Shopify, Inc. - Class A (a)		2,486		135,698

BHFTI-295

Brighthouse Funds Trust I

Schroders Global Multi-Asset Portfolio

Consolidated Schedule of Investments as of September 30, 2023 (Unaudited)

Common Stocks—(Continued)

Security Description	Shares		Value
IT Services—(Continued)
Snowflake, Inc. - Class A (a)		778	$	118,855
Twilio, Inc. - Class A (a) (b)		646		37,810
VeriSign, Inc. (a)		824		166,885
				4,641,245
Leisure Products—0.0%
Shimano, Inc.		800		108,022
Life Sciences Tools & Services—0.5%
Agilent Technologies, Inc.		2,091		233,816
Bachem Holding AG		393		28,973
Danaher Corp.		5,664		1,405,238
Illumina, Inc. (a)		466		63,972
IQVIA Holdings, Inc. (a)		534		105,065
Lonza Group AG		215		99,469
Medpace Holdings, Inc. (a)		1,337		323,728
Mettler-Toledo International, Inc. (a)		173		191,696
Thermo Fisher Scientific, Inc. (b)		3,356		1,698,707
Waters Corp. (a) (b)		1,029		282,162
				4,432,826
Machinery—1.1%
Allison Transmission Holdings, Inc.		3,596		212,380
Atlas Copco AB - A Shares		40,785		546,432
AutoStore Holdings Ltd. (a)		93,456		131,355
Caterpillar, Inc.		6,533		1,783,509
Daimler Truck Holding AG		2,283		79,176
Deere & Co.		3,558		1,342,718
Epiroc AB - A Shares		5,457		103,288
FANUC Corp.		2,900		75,699
Graco, Inc.		3,489		254,278
IDEX Corp.		794		165,168
Illinois Tool Works, Inc.		4,023		926,537
Komatsu Ltd.		6,700		181,065
Lincoln Electric Holdings, Inc.		1,080		196,333
Nordson Corp.		1,514		337,879
Otis Worldwide Corp.		15,721		1,262,554
PACCAR, Inc.		6,906		587,148
Parker-Hannifin Corp.		3,158		1,230,104
SMC Corp.		300		134,290
Snap-on, Inc.		2,648		675,399
Sumitomo Heavy Industries Ltd.		3,100		78,592
Techtronic Industries Co. Ltd.		9,000		87,381
Toro Co.		1,704		141,602
Volvo AB - B Shares		8,854		182,257
				10,715,144
Marine Transportation—0.0%
Mitsui OSK Lines Ltd.		2,000		54,871
Nippon Yusen KK (b)		5,100		132,158
				187,029
Media—0.3%
Charter Communications, Inc. - Class A (a)		877		385,722
Comcast Corp. - Class A		39,936		1,770,762
Media—(Continued)
Fox Corp. - Class A		4,312		134,535
Liberty Broadband Corp. - Class C (a) (b)		1,349		123,191
Omnicom Group, Inc.		2,146		159,834
Trade Desk, Inc. - Class A (a)		6,781		529,935
				3,103,979
Metals & Mining—0.8%
Acerinox SA		6,277		60,755
Agnico Eagle Mines Ltd.		3,700		168,131
Allkem Ltd. (a)		19,258		145,104
AMG Critical Materials NV		2,304		69,203
Anglo American PLC		5,001		138,459
ATI, Inc. (a) (b)		4,938		203,199
BHP Group Ltd.		32,675		926,518
Fortescue Metals Group Ltd.		24,408		327,332
Franco-Nevada Corp.		864		115,346
Freeport-McMoRan, Inc.		32,389		1,207,786
Glencore PLC		36,188		206,952
IGO Ltd.		15,683		127,818
Iluka Resources Ltd.		10,394		50,762
Kobe Steel Ltd.		14,400		186,515
Mineral Resources Ltd.		2,983		129,250
Mitsui Mining & Smelting Co. Ltd.		1,500		38,127
Newmont Corp. (b)		10,158		375,338
Nippon Steel Corp.		5,100		119,530
Nucor Corp. (b)		3,201		500,476
Pilbara Minerals Ltd.		64,054		176,309
Reliance Steel & Aluminum Co.		598		156,814
Rio Tinto Ltd.		7,265		533,820
Rio Tinto PLC		14,370		902,682
South32 Ltd.		60,573		132,521
Steel Dynamics, Inc.		5,330		571,483
Sumitomo Metal Mining Co. Ltd.		4,900		144,100
				7,714,330
Multi-Utilities—0.1%
Centrica PLC		123,843		232,500
Dominion Energy, Inc.		3,270		146,071
E.ON SE		9,345		110,697
Engie SA		23,799		364,920
National Grid PLC		13,223		157,839
Sempra (b)		3,026		205,859
WEC Energy Group, Inc.		2,684		216,196
				1,434,082
Office REITs—0.0%
Nippon Building Fund, Inc. (b)		48		194,593
Oil, Gas & Consumable Fuels—2.3%
ARC Resources Ltd. (b)		15,536		247,981
BP PLC		150,284		970,361
Canadian Natural Resources Ltd. (b)		13,983		904,301
Chevron Corp.		11,373		1,917,715
ConocoPhillips		30,155		3,612,569
Coterra Energy, Inc.		50,331		1,361,454
Enbridge, Inc.		7,083		234,927

BHFTI-296

Brighthouse Funds Trust I

Schroders Global Multi-Asset Portfolio

Consolidated Schedule of Investments as of September 30, 2023 (Unaudited)

Common Stocks—(Continued)

Security Description	Shares		Value
Oil, Gas & Consumable Fuels—(Continued)
Eni SpA		30,694	$	492,990
EOG Resources, Inc.		8,886		1,126,389
Equinor ASA		18,912		620,060
Exxon Mobil Corp.		25,610		3,011,224
Hess Corp.		2,076		317,628
Imperial Oil Ltd.		4,419		272,184
Inpex Corp.		49,700		745,868
Keyera Corp. (b)		5,595		131,364
Kinder Morgan, Inc. (b)		12,825		212,638
Marathon Petroleum Corp.		2,331		352,774
Neste Oyj		1,959		66,527
OMV AG		2,812		134,276
Parex Resources, Inc.		3,299		61,912
Phillips 66		1,435		172,415
Repsol SA		19,561		322,005
Shell PLC		59,942		1,903,160
Shell PLC (Euro-Listed Shares) .		10,539		339,711
Suncor Energy, Inc. (b)		20,317		698,698
TC Energy Corp. (b)		4,592		157,918
TotalEnergies SE		22,854		1,503,961
Valero Energy Corp. (b)		1,307		185,215
Woodside Energy Group Ltd.		21,634		504,040
				22,582,265
Paper & Forest Products—0.0%
UPM-Kymmene Oyj		4,556		155,833
Passenger Airlines—0.0%
Ryanair Holdings PLC (ADR) (a)		990		96,238
Personal Care Products—0.3%
Estee Lauder Cos., Inc. - Class A		570		82,394
Haleon PLC		16,068		66,675
Kao Corp.		3,800		141,104
L’Oreal SA		2,213		916,491
Rohto Pharmaceutical Co. Ltd.		4,400		119,306
Shiseido Co. Ltd.		2,000		70,211
Unilever PLC		34,531		1,704,041
				3,100,222
Pharmaceuticals—2.7%
Astellas Pharma, Inc.		54,100		747,251
AstraZeneca PLC		12,991		1,748,287
Bayer AG		2,421		116,281
Bristol-Myers Squibb Co.		12,475		724,049
Chugai Pharmaceutical Co. Ltd.		3,500		108,448
Daiichi Sankyo Co. Ltd.		4,500		123,506
Eisai Co. Ltd.		1,300		72,169
Eli Lilly & Co.		10,811		5,806,913
GSK PLC		36,547		660,685
Ipsen SA		1,040		136,217
Johnson & Johnson		17,604		2,741,823
Merck & Co., Inc.		39,712		4,088,350
Novartis AG		20,423		2,084,043
Novo Nordisk AS		30,004		2,729,339
Pfizer, Inc. (b)		33,906		1,124,662
Pharmaceuticals—(Continued)
Recordati Industria Chimica e Farmaceutica SpA		4,980		234,782
Roche Holding AG		4,136		1,128,157
Sanofi		10,936		1,173,457
Takeda Pharmaceutical Co. Ltd.		6,100		189,441
Viatris, Inc.		4,837		47,693
Zoetis, Inc.		4,385		762,902
				26,548,455
Professional Services—0.3%
Automatic Data Processing, Inc.		3,381		813,401
BayCurrent Consulting, Inc.		8,600		287,354
Bureau Veritas SA		5,232		129,605
Experian PLC		2,410		78,733
Paychex, Inc.		4,053		467,432
Recruit Holdings Co. Ltd.		3,900		120,098
RELX PLC		21,829		736,174
SS&C Technologies Holdings, Inc.		2,166		113,802
TechnoPro Holdings, Inc.		4,100		89,131
Verisk Analytics, Inc.		943		222,774
Wolters Kluwer NV		2,688		325,532
				3,384,036
Real Estate Management & Development—0.1%
CK Asset Holdings Ltd.		28,000		147,276
CoStar Group, Inc. (a)		1,448		111,337
Mitsui Fudosan Co. Ltd.		6,700		147,570
Sagax AB - Class B		4,476		85,156
Vonovia SE		1,910		46,034
				537,373
Residential REITs—0.0%
Equity LifeStyle Properties, Inc. (b)		4,018		255,987
Retail REITs—0.0%
Simon Property Group, Inc.		1,516		163,773
Semiconductors & Semiconductor Equipment—2.9%
Advanced Micro Devices, Inc. (a)		18,536		1,905,871
Analog Devices, Inc.		2,287		400,431
Applied Materials, Inc.		6,484		897,710
ASML Holding NV		3,399		1,996,026
Axcelis Technologies, Inc. (a)		656		106,961
Broadcom, Inc.		3,890		3,230,956
Enphase Energy, Inc. (a) (b)		1,442		173,256
First Solar, Inc. (a)		8,082		1,305,970
Infineon Technologies AG		3,209		106,426
Intel Corp.		36,661		1,303,299
KLA Corp.		1,302		597,175
Lam Research Corp.		2,806		1,758,717
Lasertec Corp.		1,500		232,886
Marvell Technology, Inc.		3,089		167,208
Microchip Technology, Inc.		5,118		399,460
Micron Technology, Inc.		2,857		194,362
NVIDIA Corp.		22,469		9,773,790
NXP Semiconductors NV		2,527		505,198
QUALCOMM, Inc.		5,981		664,250

BHFTI-297

Brighthouse Funds Trust I

Schroders Global Multi-Asset Portfolio

Consolidated Schedule of Investments as of September 30, 2023 (Unaudited)

Common Stocks—(Continued)

Security Description	Shares		Value
Semiconductors & Semiconductor Equipment—(Continued)
Rambus, Inc. (a)		1,962	$	109,460
Taiwan Semiconductor Manufacturing Co. Ltd. (ADR) (b)		4,827		419,466
Texas Instruments, Inc.		10,357		1,646,867
Tokyo Electron Ltd.		3,000		408,254
				28,303,999
Software—4.4%
Adobe, Inc. (a)		5,670		2,891,133
Autodesk, Inc. (a)		628		129,939
Bill Holdings, Inc. (a) (b)		538		58,411
Cadence Design Systems, Inc. (a)		5,475		1,282,792
Check Point Software Technologies Ltd. (a)		2,811		374,650
Constellation Software, Inc.		208		429,410
Crowdstrike Holdings, Inc. - Class A (a) (b)		7,973		1,334,521
Datadog, Inc. - Class A (a) (b)		5,605		510,559
DocuSign, Inc. (a)		713		29,946
Dropbox, Inc. - Class A (a) (b)		3,189		86,836
Dynatrace, Inc. (a)		4,686		218,977
Fair Isaac Corp. (a)		1,034		898,060
Fortinet, Inc. (a) (b)		11,632		682,566
HubSpot, Inc. (a) (b)		592		291,560
Intuit, Inc.		4,095		2,092,299
Microsoft Corp.		68,277		21,558,463
Nice Ltd. (ADR) (a) (b)		508		86,360
Oracle Corp.		23,896		2,531,064
Oracle Corp. Japan		1,700		126,749
Palantir Technologies, Inc. - Class A (a) (b)		7,166		114,656
Palo Alto Networks, Inc. (a) (b)		4,295		1,006,920
Progress Software Corp. (b)		2,418		127,138
Roper Technologies, Inc.		709		343,355
Salesforce, Inc. (a)		9,421		1,910,390
SAP SE		6,322		820,634
ServiceNow, Inc. (a)		2,208		1,234,184
Splunk, Inc. (a)		951		139,084
Synopsys, Inc. (a)		1,287		590,694
Teradata Corp. (a)		1,931		86,934
Workday, Inc. - Class A (a)		787		169,087
Zoom Video Communications, Inc. - Class A (a) (b)		540		37,768
Zscaler, Inc. (a)		3,053		475,016
				42,670,155
Specialized REITs—0.1%
American Tower Corp.		3,515		578,042
Crown Castle, Inc.		1,045		96,172
Digital Realty Trust, Inc. (b)		913		110,491
Equinix, Inc.		220		159,777
Public Storage (b)		716		188,680
SBA Communications Corp.		334		66,857
Weyerhaeuser Co.		4,755		145,788
				1,345,807
Specialty Retail—0.9%
AutoZone, Inc. (a)		222		563,878
Fast Retailing Co. Ltd.		600		130,684
H & M Hennes & Mauritz AB - B Shares		3,294		46,833
Home Depot, Inc.		9,966		3,011,327
Specialty Retail—(Continued)
Industria de Diseno Textil SA		19,975		743,456
Lowe’s Cos., Inc.		2,504		520,431
O’Reilly Automotive, Inc. (a)		1,616		1,468,718
Ross Stores, Inc.		1,272		143,672
Sanrio Co. Ltd.		2,200		104,352
TJX Cos., Inc.		16,428		1,460,121
USS Co. Ltd.		6,300		104,169
				8,297,641
Technology Hardware, Storage & Peripherals—2.1%
Apple, Inc.		115,865		19,837,247
Hewlett Packard Enterprise Co.		18,488		321,136
HP, Inc.		5,421		139,320
Pure Storage, Inc. - Class A (a)		5,834		207,807
				20,505,510
Textiles, Apparel & Luxury Goods—0.6%
Adidas AG		562		98,948
Cie Financiere Richemont SA - Class A		1,767		215,296
Crocs, Inc. (a) (b)		1,224		107,993
Goldwin, Inc.		900		60,993
Hermes International SCA		279		507,193
Kering SA		234		106,391
Lululemon Athletica, Inc. (a)		3,536		1,363,517
LVMH Moet Hennessy Louis Vuitton SE		2,100		1,584,296
Moncler SpA		4,216		244,720
NIKE, Inc. - Class B		13,318		1,273,467
VF Corp. (b)		1,341		23,695
				5,586,509
Tobacco—0.1%
Altria Group, Inc.		4,638		195,028
British American Tobacco PLC		5,738		180,127
Imperial Brands PLC		4,253		86,365
Philip Morris International, Inc.		3,546		328,289
				789,809
Trading Companies & Distributors—0.5%
Ashtead Group PLC		1,692		102,844
Brenntag SE		3,335		258,980
Fastenal Co.		10,297		562,628
Ferguson PLC		1,107		182,019
ITOCHU Corp.		10,100		364,915
Marubeni Corp.		12,500		194,808
Mitsubishi Corp.		2,400		114,338
Mitsui & Co. Ltd.		9,800		355,192
MSC Industrial Direct Co., Inc. - Class A		1,843		180,890
Rexel SA		4,205		94,112
Sumitomo Corp. (b)		24,700		492,729
Toromont Industries Ltd.		4,252		346,296
Toyota Tsusho Corp.		3,700		217,460
United Rentals, Inc.		493		219,173
Watsco, Inc. (b)		419		158,265
WW Grainger, Inc.		914		632,342
				4,476,991

BHFTI-298

Brighthouse Funds Trust I

Schroders Global Multi-Asset Portfolio

Consolidated Schedule of Investments as of September 30, 2023 (Unaudited)

Common Stocks—(Continued)

Security Description	Shares/ Principal Amount*		Value
Transportation Infrastructure—0.0%
Grupo Aeroportuario del Pacifico SAB de CV (ADR) (b)		604	$	99,279
Water Utilities—0.0%
American Water Works Co., Inc. (b)		2,502		309,823
Wireless Telecommunication Services—0.1%
KDDI Corp.		24,300		743,854
SoftBank Group Corp.		3,800		160,822
T-Mobile U.S., Inc. (a) (b)		1,568		219,598
Vodafone Group PLC		81,824		76,407
				1,200,681
Total Common Stocks (Cost $385,029,467)				431,574,195
Corporate Bonds & Notes—37.3%
Aerospace/Defense—0.1%
Boeing Co. 3.950%, 08/01/59		1,935,000		1,284,012
Agriculture—0.4%
Altria Group, Inc. 5.800%, 02/14/39 (b)		1,171,000		1,085,625
BAT Capital Corp. 4.390%, 08/15/37		1,303,000		997,066
Bunge Ltd. Finance Corp. 2.750%, 05/14/31 (b)		1,865,000		1,510,553
				3,593,244
Auto Manufacturers—0.3%
Ford Motor Credit Co. LLC 2.700%, 08/10/26 (b)		3,043,000		2,715,469
Auto Parts & Equipment—0.4%
Aptiv PLC/Aptiv Corp. 3.250%, 03/01/32 (b)		609,000		499,281
Magna International, Inc. 5.500%, 03/21/33 (b)		3,794,000		3,707,270
				4,206,551
Banks—11.1%
Banco Santander SA 2.749%, 12/03/30		2,200,000		1,639,330
Bank of America Corp. 2.884%, 3M TSFR + 1.452%, 10/22/30 (c)		10,136,000		8,444,664
4.375%, 5Y H15 + 2.760%, 01/27/27 (c)		10,359,000		8,681,349
Bank of Ireland Group PLC 2.029%, 1Y H15 + 1.100%, 09/30/27 (144A) (c)		5,646,000		4,946,315
Bank of New York Mellon Corp. 4.967%, SOFR + 1.606%, 04/26/34 (b) (c)		3,922,000		3,616,433
Barclays PLC 5.501%, 1Y H15 + 2.650%, 08/09/28 (c)		2,026,000		1,946,738
Citigroup, Inc. 2.666%, SOFR + 1.146%, 01/29/31 (b) (c)		5,457,000		4,425,708
Banks—(Continued)
Deutsche Bank AG 2.311%, SOFR + 1.219%, 11/16/27 (b) (c)		2,642,000		2,300,611
6.720%, SOFR + 3.180%, 01/18/29 (c)		678,000		673,970
7.079%, SOFR + 3.650%, 02/10/34 (b) (c)		678,000		612,737
7.146%, SOFR + 2.520%, 07/13/27 (c)		2,162,000		2,176,635
Fifth Third Bancorp 6.339%, SOFR + 2.340%, 07/27/29 (b) (c)		450,000		444,540
JPMorgan Chase & Co. 1.953%, SOFR + 1.065%, 02/04/32 (c)		5,587,000		4,237,030
3.650%, 5Y H15 + 2.850%, 06/01/26 (c)		3,695,000		3,225,136
M&T Bank Corp. 5.125%, 3M LIBOR + 3.520%, 11/01/26 (c)		1,654,000		1,354,775
Manufacturers & Traders Trust Co. 3.400%, 08/17/27 (b)		4,596,000		4,035,058
Morgan Stanley 1.928%, SOFR + 1.020%, 04/28/32 (b) (c)		1,219,000		905,472
2.511%, SOFR + 1.200%, 10/20/32 (b) (c)		1,761,000		1,346,746
2.699%, SOFR + 1.143%, 01/22/31 (c)		4,389,000		3,588,494
2.943%, SOFR + 1.290%, 01/21/33 (c)		3,234,000		2,546,800
5.250%, SOFR + 1.870%, 04/21/34 (c)		1,581,000		1,467,927
NatWest Group PLC 3.073%, 1Y H15 + 2.550%, 05/22/28 (b) (c)		2,333,000		2,080,959
PNC Financial Services Group, Inc. 5.068%, SOFR + 1.933%, 01/24/34 (c)		1,037,000		940,403
5.582%, SOFR + 1.841%, 06/12/29 (b) (c)		322,000		312,377
6.200%, 5Y H15 + 3.238%, 09/15/27 (c)		4,387,000		4,031,676
Societe Generale SA 1.792%, 1Y H15 + 1.000%, 06/09/27 (144A) (b) (c)		1,538,000		1,355,684
2.797%, 1Y H15 + 1.300%, 01/19/28 (144A) (b) (c)		1,449,000		1,287,751
Truist Financial Corp. 4.800%, 5Y H15 + 3.003%, 09/01/24 (b) (c)		10,078,000		8,639,127
4.916%, SOFR + 2.240%, 07/28/33 (b) (c)		1,543,000		1,308,953
U.S. Bancorp 4.839%, SOFR + 1.600%, 02/01/34 (c)		1,025,000		902,468
5.836%, SOFR + 2.260%, 06/12/34 (c)		2,305,000		2,173,960
UBS Group AG 1.305%, SOFR + 0.980%, 02/02/27 (144A) (c)		1,000,000		886,808
2.593%, SOFR + 1.560%, 09/11/25 (144A) (c)		2,281,000		2,195,416
3.091%, SOFR + 1.730%, 05/14/32 (144A) (c)		4,835,000		3,818,921
3.126%, 3M LIBOR + 1.468%, 08/13/30 (144A) (b) (c)		1,378,000		1,158,437
4.550%, 04/17/26		545,000		523,448
UniCredit SpA 1.982%, 1Y H15 + 1.200%, 06/03/27 (144A) (b) (c)		2,487,000		2,196,945
Wells Fargo & Co. 3.350%, SOFR + 1.500%, 03/02/33 (c)		2,483,000		2,007,117
3.900%, 5Y H15 + 3.453%, 03/15/26 (b) (c)		7,368,000		6,434,830
4.897%, SOFR + 2.100%, 07/25/33 (c)		1,722,000		1,558,410
5.389%, SOFR + 2.020%, 04/24/34 (c)		2,420,000		2,262,476
				108,692,634
Beverages—1.1%
Anheuser-Busch InBev Worldwide, Inc. 4.439%, 10/06/48 (b)		9,294,000		7,652,851
Bacardi Ltd./Bacardi-Martini BV 5.400%, 06/15/33 (144A) (b)		1,815,000		1,700,701

BHFTI-299

Brighthouse Funds Trust I

Schroders Global Multi-Asset Portfolio

Consolidated Schedule of Investments as of September 30, 2023 (Unaudited)

Corporate Bonds & Notes—(Continued)

Security Description	Principal Amount*		Value
Beverages—(Continued)
JDE Peet’s NV 2.250%, 09/24/31 (144A) (b)		1,519,000	$	1,128,899
				10,482,451
Building Materials—0.2%
Trane Technologies Financing Ltd. 5.250%, 03/03/33 (b)		1,935,000		1,870,848
Chemicals—0.1%
Westlake Corp. 3.375%, 06/15/30 (b)		1,131,000		959,855
Commercial Services—0.3%
Quanta Services, Inc. 2.900%, 10/01/30		2,358,000		1,923,279
S&P Global, Inc. 2.500%, 12/01/29 (b)		500,000		424,793
Transurban Finance Co. Pty. Ltd. 2.450%, 03/16/31 (144A)		1,116,000		881,810
				3,229,882
Cosmetics/Personal Care—0.5%
Estee Lauder Cos., Inc. 4.650%, 05/15/33 (b)		1,085,000		1,012,012
Haleon U.S. Capital LLC 3.375%, 03/24/27		4,102,000		3,805,628
				4,817,640
Diversified Financial Services—0.8%
AerCap Ireland Capital DAC/AerCap Global Aviation Trust  1.750%, 01/30/26 (b)		1,118,000		1,008,962
3.000%, 10/29/28 (b)		3,194,000		2,738,785
Aircastle Ltd. 6.500%, 07/18/28 (144A)		773,000		758,064
Capital One Financial Corp. 5.468%, SOFR + 2.080%, 02/01/29 (b) (c)		794,000		755,810
Discover Financial Services 6.700%, 11/29/32 (b)		2,804,000		2,710,432
				7,972,053
Electric—1.5%
AES Corp. 1.375%, 01/15/26		928,000		826,397
3.300%, 07/15/25 (144A) (b)		2,086,000		1,975,810
Berkshire Hathaway Energy Co. 6.500%, 09/15/37		345,000		352,823
CenterPoint Energy Houston Electric LLC 2.900%, 07/01/50		1,429,000		870,455
NextEra Energy Capital Holdings, Inc. 2.440%, 01/15/32 (b)		1,243,000		961,595
NRG Energy, Inc. 2.450%, 12/02/27 (144A)		2,705,000		2,292,939
Pacific Gas & Electric Co. 3.150%, 01/01/26 (b)		1,000,000		930,154
3.300%, 08/01/40 (b)		3,059,000		1,958,596
Electric—(Continued)
PG&E Energy Recovery Funding LLC 2.280%, 01/15/36		1,624,000		1,181,680
2.822%, 07/15/46		2,151,000		1,408,733
Sempra 3.800%, 02/01/38 (b)		2,000,000		1,554,155
Southern California Edison Co. 4.200%, 03/01/29		500,000		465,400
5.500%, 03/15/40 (b)		335,000		307,010
				15,085,747
Electronics—0.4%
Amphenol Corp. 2.800%, 02/15/30 (b)		4,375,000		3,713,249
Entertainment—0.4%
Warnermedia Holdings, Inc. 5.050%, 03/15/42		1,938,000		1,498,827
5.141%, 03/15/52		1,124,000		835,177
5.391%, 03/15/62		1,468,000		1,084,241
				3,418,245
Food—0.2%
Flowers Foods, Inc. 2.400%, 03/15/31 (b)		1,803,000		1,417,340
Gas—0.1%
NiSource, Inc. 1.700%, 02/15/31 (b)		1,231,000		920,598
Hand/Machine Tools—0.2%
Stanley Black & Decker, Inc. 4.000%, 5Y H15 + 2.657%, 03/15/60 (b) (c)		2,255,000		1,874,479
Healthcare-Services—0.4%
HCA, Inc. 2.375%, 07/15/31 (b)		3,007,000		2,301,525
4.625%, 03/15/52 (b)		1,220,000		915,971
UnitedHealth Group, Inc. 4.200%, 05/15/32		1,000,000		912,721
				4,130,217
Insurance—0.9%
Corebridge Financial, Inc. 6.875%, 5Y H15 + 3.846%, 12/15/52 (b) (c)		1,196,000		1,145,756
Five Corners Funding Trust III 5.791%, 02/15/33 (144A)		4,070,000		3,992,966
Hartford Financial Services Group, Inc. 2.900%, 09/15/51		1,285,000		755,813
High Street Funding Trust II 4.682%, 02/15/48 (144A) (b)		1,250,000		913,803
Prudential Financial, Inc. 5.125%, 5Y H15 + 3.162%, 03/01/52 (c)		1,827,000		1,573,311
				8,381,649

BHFTI-300

Brighthouse Funds Trust I

Schroders Global Multi-Asset Portfolio

Consolidated Schedule of Investments as of September 30, 2023 (Unaudited)

Corporate Bonds & Notes—(Continued)

Security Description	Principal Amount*		Value
Internet—0.1%
Expedia Group, Inc. 2.950%, 03/15/31 (b)		411,000	$	331,120
4.625%, 08/01/27 (b)		652,000		621,737
				952,857
Iron/Steel—0.3%
Nucor Corp. 3.125%, 04/01/32		3,902,000		3,225,434
Lodging—0.5%
Las Vegas Sands Corp. 3.200%, 08/08/24		4,495,000		4,348,736
Machinery-Diversified—0.2%
Xylem, Inc. 2.250%, 01/30/31 (b)		1,835,000		1,460,756
Media—0.9%
Charter Communications Operating LLC/Charter Communications Operating Capital 3.700%, 04/01/51		6,000,000		3,491,357
Comcast Corp. 2.887%, 11/01/51		2,959,000		1,743,857
Discovery Communications LLC 3.625%, 05/15/30 (b)		1,525,000		1,290,819
4.125%, 05/15/29 (b)		2,621,000		2,341,928
				8,867,961
Mining—0.2%
Barrick North America Finance LLC 5.750%, 05/01/43		2,247,000		2,162,022
Oil & Gas—2.2%
BP Capital Markets America, Inc. 4.812%, 02/13/33 (b)		2,753,000		2,576,479
BP Capital Markets PLC 4.375%, 5Y H15 + 4.036%, 06/22/25 (c)		982,000		936,475
Canadian Natural Resources Ltd. 2.950%, 07/15/30 (b)		2,106,000		1,746,701
Cenovus Energy, Inc. 2.650%, 01/15/32 (b)		855,000		664,358
ConocoPhillips Co. 5.300%, 05/15/53 (b)		892,000		819,148
Continental Resources, Inc. 2.875%, 04/01/32 (144A) (b)		2,394,000		1,792,745
4.375%, 01/15/28 (b)		1,596,000		1,480,287
5.750%, 01/15/31 (144A) (b)		507,000		476,304
Diamondback Energy, Inc. 3.125%, 03/24/31 (b)		2,336,000		1,945,845
4.250%, 03/15/52		1,585,000		1,125,526
EQT Corp. 5.700%, 04/01/28		833,000		816,411
6.125%, 02/01/25 (b)		2,303,000		2,295,057
Marathon Petroleum Corp. 4.500%, 04/01/48		2,723,000		2,018,392
Oil & Gas—(Continued)
Phillips 66 Co. 5.300%, 06/30/33 (b)		1,726,000		1,651,664
Valero Energy Corp. 4.000%, 04/01/29 (b)		1,705,000		1,579,333
				21,924,725
Packaging & Containers—0.3%
Berry Global, Inc. 1.650%, 01/15/27 (b)		1,986,000		1,707,004
CCL Industries, Inc. 3.050%, 06/01/30 (144A) (b)		1,885,000		1,558,441
				3,265,445
Pharmaceuticals—1.5%
AbbVie, Inc. 4.250%, 11/21/49		3,705,000		2,933,108
Becton Dickinson & Co. 2.823%, 05/20/30 (b)		1,581,000		1,331,049
Cigna Group 5.400%, 03/15/33 (b)		3,839,000		3,722,086
CVS Health Corp. 2.700%, 08/21/40 (b)		5,167,000		3,257,466
Pfizer Investment Enterprises Pte. Ltd. 4.450%, 05/19/28 (b)		3,886,000		3,746,552
				14,990,261
Pipelines—2.3%
Cheniere Corpus Christi Holdings LLC 3.700%, 11/15/29 (b)		8,126,000		7,208,751
Energy Transfer LP 4.400%, 03/15/27 (b)		744,000		705,165
4.950%, 05/15/28 (b)		1,098,000		1,050,455
Kinder Morgan Energy Partners LP 5.800%, 03/15/35 (b)		311,000		292,273
6.950%, 01/15/38		1,655,000		1,703,427
MPLX LP 4.500%, 04/15/38		2,817,000		2,282,845
4.950%, 03/14/52 (b)		4,864,000		3,805,337
5.000%, 03/01/33		249,000		226,898
ONEOK, Inc. 4.350%, 03/15/29 (b)		903,000		832,798
Plains All American Pipeline LP/PAA Finance Corp.
3.550%, 12/15/29 (b)		1,391,000		1,195,742
3.800%, 09/15/30 (b)		1,084,000		931,099
Targa Resources Corp. 4.200%, 02/01/33 (b)		2,537,000		2,157,180
				22,391,970
Real Estate Investment Trusts—4.7%
Alexandria Real Estate Equities, Inc. 1.875%, 02/01/33 (b)		2,419,000		1,712,510
2.950%, 03/15/34 (b)		4,689,000		3,560,608
4.750%, 04/15/35 (b)		599,000		526,645
American Tower Corp. 2.100%, 06/15/30 (b)		6,606,000		5,141,282

BHFTI-301

Brighthouse Funds Trust I

Schroders Global Multi-Asset Portfolio

Consolidated Schedule of Investments as of September 30, 2023 (Unaudited)

Corporate Bonds & Notes—(Continued)

Security Description	Principal Amount*		Value
Real Estate Investment Trusts—(Continued)
Boston Properties LP 3.250%, 01/30/31 (b)		2,182,000	$	1,716,128
3.400%, 06/21/29 (b)		1,000,000		837,486
4.500%, 12/01/28 (b)		2,671,000		2,418,481
Crown Castle, Inc. 2.250%, 01/15/31 (b)		6,806,000		5,281,912
Digital Realty Trust LP 3.600%, 07/01/29		2,306,000		2,037,324
3.700%, 08/15/27 (b)		2,492,000		2,301,368
Equinix, Inc. 2.150%, 07/15/30		6,801,000		5,341,720
Essex Portfolio LP 2.650%, 03/15/32 (b)		3,000,000		2,308,872
Highwoods Realty LP 4.200%, 04/15/29 (b)		1,424,000		1,206,612
Mid-America Apartments LP 2.750%, 03/15/30 (b)		2,000,000		1,682,375
Piedmont Operating Partnership LP 3.150%, 08/15/30 (b)		1,863,000		1,311,932
9.250%, 07/20/28 (b)		1,592,000		1,606,846
Prologis LP 1.750%, 07/01/30 (b)		2,484,000		1,930,740
Realty Income Corp. 4.900%, 07/15/33 (b)		1,976,000		1,805,594
Welltower OP LLC 2.050%, 01/15/29 (b)		4,419,000		3,652,604
				46,381,039
Retail—0.5%
Dollar General Corp. 5.450%, 07/05/33 (b)		1,944,000		1,795,394
Ross Stores, Inc. 1.875%, 04/15/31 (b)		1,390,000		1,060,492
Tractor Supply Co. 1.750%, 11/01/30 (b)		1,350,000		1,025,618
5.250%, 05/15/33 (b)		950,000		897,042
				4,778,546
Semiconductors—0.7%
Broadcom, Inc. 2.600%, 02/15/33 (144A) (b)		3,032,000		2,260,914
NXP B.V. / NXP Funding LLC / NXP USA, Inc. 3.400%, 05/01/30		1,746,000		1,493,063
QUALCOMM, Inc. 1.650%, 05/20/32		3,000,000		2,247,095
5.400%, 05/20/33 (b)		1,110,000		1,113,414
				7,114,486
Software—0.7%
Oracle Corp. 3.600%, 04/01/50		1,087,000		703,128
4.650%, 05/06/30 (b)		2,401,000		2,245,375
Software—(Continued)
VMware, Inc. 2.200%, 08/15/31		4,864,000		3,670,526
				6,619,029
Telecommunications—2.8%
AT&T, Inc. 3.500%, 06/01/41 (b)		9,197,000		6,389,433
4.850%, 03/01/39 (b)		2,000,000		1,692,333
Rogers Communications, Inc. 4.550%, 03/15/52 (b)		10,591,000		7,725,294
T-Mobile USA, Inc. 3.875%, 04/15/30		9,601,000		8,506,207
Telefonica Emisiones SA 5.213%, 03/08/47		1,000,000		796,465
Verizon Communications, Inc. 3.550%, 03/22/51 (b)		4,033,000		2,653,804
				27,763,536
Total Corporate Bonds & Notes (Cost $435,172,703)				365,012,966
U.S. Treasury & Government Agencies—4.7%
U.S. Treasury—4.7%
U.S. Treasury Inflation-Indexed Notes  1.625%, 10/15/27 (d) (Cost $48,139,917)		47,267,740		45,889,405
Preferred Stocks—0.0%
Household Products—0.0%
Henkel AG & Co. KGaA		2,064		147,312
Life Sciences Tools & Services—0.0%
Sartorius AG		214		72,618
Total Preferred Stocks (Cost $299,567)				219,930
Warrants—0.0%
Software—0.0%
Constellation Software, Inc. Expires 03/31/40 (a) (Cost $0)		208		0
Short-Term Investments—9.6%
Foreign Government—0.3%
Canada Treasury Bill 4.473%, 12/07/23 (CAD) (e)		4,309,000		3,142,358

BHFTI-302

Brighthouse Funds Trust I

Schroders Global Multi-Asset Portfolio

Consolidated Schedule of Investments as of September 30, 2023 (Unaudited)

Short-Term Investments—(Continued)

Security Description	Principal Amount*		Value
Repurchase Agreement—1.5%
Fixed Income Clearing Corp. Repurchase Agreement dated 09/29/23 at 2.500%, due on 10/02/23 with a maturity value of $14,893,558; collateralized by U.S. Treasury Note at 0.750%, maturing 04/30/26, with a market value of $15,188,398.		14,890,456	$	14,890,456
U.S. Treasury—7.8%
U.S. Treasury Bills 5.249%, 12/14/23 (e)		36,757,000		36,361,964
5.334%, 01/11/24 (b) (e)		40,721,000		40,115,216
				76,477,180
Total Short-Term Investments (Cost $94,513,810)				94,509,994
Securities Lending Reinvestments (f)—11.6%
Certificates of Deposit—5.1%
Bank of America N.A. 5.700%, FEDEFF PRV + 0.370%, 11/17/23 (c)		2,000,000		2,000,270
Bank of Montreal 6.100%, SOFR + 0.790%, 11/08/23 (c)		4,000,000		4,002,572
Barclays Bank PLC 5.720%, SOFR + 0.400%, 02/14/24 (c)		3,000,000		3,000,216
BNP Paribas SA 5.760%, SOFR + 0.450%, 10/10/23 (c)		5,000,000		4,999,760
Canadian Imperial Bank of Commerce (NY) 5.710%, SOFR + 0.400%, 10/13/23 (c)		4,000,000		4,000,392
Citibank N.A. 5.670%, SOFR + 0.350%, 02/20/24 (c)		2,000,000		2,000,150
Credit Industriel et Commercial 5.510%, SOFR + 0.200%, 12/01/23 (c)		4,000,000		3,999,648
Mizuho Bank Ltd. 5.610%, SOFR + 0.290%, 10/17/23 (c)		4,000,000		4,000,196
Nordea Bank Abp 5.660%, SOFR + 0.350%, 10/23/23 (c)		3,000,000		3,000,456
Oversea-Chinese Banking Corp. Ltd. 5.550%, SOFR + 0.230%, 11/13/23 (c)		4,000,000		4,000,584
Royal Bank of Canada 5.880%, FEDEFF PRV + 0.550%, 09/20/24 (c)		2,000,000		2,001,540
Sumitomo Mitsui Banking Corp. 5.770%, SOFR + 0.460%, 01/11/24 (c)		3,000,000		3,002,793
Sumitomo Mitsui Trust Bank Ltd. 5.580%, SOFR + 0.270%, 10/23/23 (c)		4,000,000		4,000,212
Toronto-Dominion Bank 5.730%, FEDEFF PRV + 0.400%, 02/13/24 (c)		2,000,000		2,001,160
5.780%, FEDEFF PRV + 0.450%, 10/13/23 (c)		4,000,000		4,000,380
				50,010,329
Commercial Paper—1.2%
National Australia Bank Ltd. 5.660%, SOFR + 0.350%, 12/05/23 (c)		4,000,000		4,000,880
Skandinaviska Enskilda Banken AB 5.680%, SOFR + 0.360%, 11/15/23 (c)		3,000,000		3,000,810
Commercial Paper—(Continued)
UBS AG 5.600%, SOFR + 0.280%, 11/27/23 (c)		5,000,000		5,000,000
				12,001,690
Repurchase Agreements—5.0%
Citigroup Global Markets, Inc. Repurchase Agreement dated 09/29/23 at 5.470%, due on 10/06/23 with a maturity value of $2,903,084; collateralized by U.S. Treasury Obligations with rates ranging from 0.250% - 5.403%, maturity dates ranging from 01/31/24 - 10/31/25, and various Common Stock with an aggregate market value of $2,958,071.		2,900,000		2,900,000
Repurchase Agreement dated 09/29/23 at 5.870%, due on 04/01/24 with a maturity value of $10,301,653; collateralized by U.S. Treasury Obligations with rates ranging from 2.000% - 2.875%, maturity dates ranging from 02/15/25 - 05/15/49, and various Common Stock with an aggregate market value of $10,629,713.		10,000,000		10,000,000
ING Financial Markets LLC Repurchase Agreement dated 09/29/23 at 5.300%, due on 10/02/23 with a maturity value of $10,101,455; collateralized by U.S. Treasury Obligations with rates ranging from 0.000% - 4.500%, maturity dates ranging from 10/12/23 - 02/15/50, and an aggregate market value of $10,298,936.		10,096,995		10,096,995
National Bank of Canada Repurchase Agreement dated 09/29/23 at 5.320%, due on 10/06/23 with a maturity value of $5,405,586; collateralized by U.S. Treasury Obligations with rates ranging from 0.000% - 4.000%, maturity dates ranging from 10/12/23 - 02/15/32, and an aggregate market value of $5,533,810.		5,400,000		5,400,000
Repurchase Agreement dated 09/29/23 at 5.450%, due on 10/06/23 with a maturity value of $16,016,956; collateralized by various Common Stock with an aggregate market value of $17,855,798.		16,000,000		16,000,000
Royal Bank of Canada Toronto Repurchase Agreement dated 09/29/23 at 5.590%, due on 11/03/23 with a maturity value of $5,027,174; collateralized by various Common Stock with an aggregate market value of $5,556,418.		5,000,000		5,000,000
				49,396,995
Mutual Funds—0.3%
HSBC U.S. Government Money Market Fund, Class I 5.270% (g)		2,000,000		2,000,000
Western Asset Institutional Government Reserves Fund, Institutional Class 5.250% (g)		465,000		465,000
				2,465,000
Total Securities Lending Reinvestments (Cost $113,861,995)				113,874,014
Total Investments—107.3% (Cost $1,077,017,459)				1,051,080,504
Other assets and liabilities (net)—(7.3)%				(71,814,146	)
Net Assets—100.0%			$	979,266,358

BHFTI-303

Brighthouse Funds Trust I

Schroders Global Multi-Asset Portfolio

Consolidated Schedule of Investments as of September 30, 2023 (Unaudited)

*	Principal amount stated in U.S. dollars unless otherwise noted.
(a)	Non-income producing security.
(b)	All or a portion of the security was held on loan. As of September 30, 2023, the market value of securities loaned was $143,561,541 and the collateral received consisted of cash in the amount of $113,861,995 and non-cash collateral with a value of $34,395,594. The cash collateral investments are disclosed in the Consolidated Schedule of Investments and categorized as Securities Lending Reinvestments. The non-cash collateral received consists of U.S. government securities that are held in safe-keeping by the lending agent, or a third- party custodian, and cannot be sold or repledged by the Portfolio.
(c)	Variable or floating rate security. The stated rate represents the rate at September 30, 2023. Maturity date shown for callable securities reflects the earliest possible call date. For securities based on a published reference index and spread, the index and spread are indicated in the description above. For certain variable rate securities, the coupon rate is determined by the issuer/agent based on current market conditions. For certain asset- and mortgage-backed securities, the coupon rate may fluctuate based on changes of the underlying collateral or prepayments of principal. These securities do not indicate a reference index and spread in their description above.
(d)	Principal amount of security is adjusted for inflation.
(e)	The rate shown represents current yield to maturity.
(f)	Represents investment of cash collateral received from securities on loan as of September 30, 2023.
(g)	The rate shown represents the annualized seven-day yield as of September 30, 2023.
(144A)	Securities exempt from registration under Rule 144A of the Securities Act of 1933. These securities may be resold in transactions exempt from registration, normally to qualified institutional buyers. As of September 30, 2023, the market value of 144A securities was $37,579,673 which is 3.8% of net assets.

Forward Foreign Currency Exchange Contracts

Contracts to Buy		Counterparty	Settlement Date		In Exchange for			Unrealized Appreciation/ (Depreciation)
AUD	8,884,000	JPMC		10/26/23		USD	5,744,754	$	(28,482	)
CAD	7,252,181	JPMC		10/26/23		USD	5,394,523		(53,460	)
CHF	6,624,000	UBSA		10/26/23		USD	7,410,366		(156,156	)
COP	6,336,758,000	GSI		10/25/23		USD	1,597,006		(53,820	)
DKK	9,189,000	MSIP		10/26/23		USD	1,319,285		(15,156	)
EUR	37,315,103	GSI		10/26/23		USD	39,958,803		(470,163	)
GBP	4,724,041	MSIP		10/26/23		USD	5,841,570		(76,957	)
GBP	4,847,877	MSIP		10/26/23		USD	5,992,325		(76,598	)
GBP	7,567,243	MSIP		10/26/23		USD	9,354,384		(120,292	)
HUF	16,693,000	JPMC		10/26/23		USD	46,168		(1,042	)
ILS	1,669,000	UBSA		10/26/23		USD	439,206		(1,175	)
JPY	2,683,753,344	MSIP		10/26/23		USD	18,221,249		(196,540	)
NOK	9,591,000	UBSA		10/26/23		USD	891,489		5,718
SEK	21,498,000	MSIP		10/26/23		USD	1,928,975		40,518
TWD	27,025,000	JPMC		10/25/23		USD	847,285		(7,862	)
Contracts to Deliver
AUD	291,000	JPMC		10/26/23		USD	188,172		933
CAD	118,000	JPMC		10/26/23		USD	87,774		870
CZK	4,070,000	GSI		10/26/23		USD	177,808		1,577
EUR	12,065,000	GSI		10/26/23		USD	12,919,781		152,017
GBP	993,800	UBSA		10/11/23		USD	1,268,658		56,066
GBP	3,944,078	MSIP		10/26/23		USD	4,875,543		62,697
GBP	2,526,733	MSIP		10/26/23		USD	3,123,224		39,923
GBP	2,462,189	MSIP		10/26/23		USD	3,044,649		40,110
IDR	11,057,320,000	GSI		10/25/23		USD	718,755		3,329
INR	67,130,000	MSIP		10/25/23		USD	807,171		(443	)
JPY	770,766,000	MSIP		10/26/23		USD	5,233,089		56,446
NZD	247,000	UBSA		10/26/23		USD	146,632		(1,408	)
PHP	11,963,000	GSI		10/25/23		USD	210,401		(1,122	)
PLN	987,000	UBSA		10/26/23		USD	226,818		1,033
SGD	8,197,000	MSIP		10/26/23		USD	6,012,127		9,747
THB	20,474,000	JPMC		10/26/23		USD	568,328		4,960
Cross Currency Contracts to Buy
AUD	7,684,000	MSIP		10/26/23		CAD	6,668,014		33,313

BHFTI-304

Brighthouse Funds Trust I

Schroders Global Multi-Asset Portfolio

Consolidated Schedule of Investments as of September 30, 2023 (Unaudited)

Forward Foreign Currency Exchange Contracts—(Continued)

Cross Currency Contracts to Buy		Counterparty	Settlement Date		In Exchange for			Unrealized Appreciation/ (Depreciation)
AUD	8,015,000	MSIP		10/26/23		CAD	6,970,469	$	23,539
AUD	298,427	GSI		10/26/23		GBP	156,682		823
CAD	6,854,000	UBSA		10/26/23		EUR	4,765,325		4,916
CAD	480,937	MSIP		10/26/23		AUD	553,000		(1,620	)
CAD	6,643,000	MSIP		10/26/23		EUR	4,636,192		(13,826	)
CHF	139,000	UBSA		10/26/23		JPY	22,845,094		(1,208	)
JPY	348,831,340	UBSA		10/26/23		EUR	2,216,850		(3,146	)
Net Unrealized Depreciation								$	(741,941	)

Futures Contracts

Futures Contracts—Long	Expiration Date		Number of Contracts			Notional Value				Value/ Unrealized Appreciation/ (Depreciation)
Energy Select Sector E-Mini Futures		12/15/23		61			USD	5,828,550		$	(30,641	)
Euro STOXX 50 Index Futures		12/15/23		673			EUR	28,292,920			(392,195	)
Euro-Bund Futures		12/07/23		43			EUR	5,531,520			(131,137	)
Financial Select Sector E-Mini Futures		12/15/23		26			USD	2,680,925			(85,535	)
FTSE 100 Index Futures		12/15/23		228			GBP	17,489,880			45,861
NASDAQ 100 Index E-Mini Futures		12/15/23		9			USD	2,675,970			(131,007	)
Nikkei 225 Index Futures		12/07/23		22			JPY	700,920,000			(128,143	)
S&P 500 Index E-Mini Futures		12/15/23		303			USD	65,531,325			(2,945,467	)
S&P TSX 60 Index Futures		12/14/23		59			CAD	13,880,340			(311,505	)
SPI 200 Index Futures		12/21/23		90			AUD	15,943,500			(228,702	)
TOPIX Index Futures		12/07/23		93			JPY	2,160,855,000			(180,732	)
U.S. Treasury Long Bond Futures		12/19/23		381			USD	43,350,656			(2,423,623	)
U.S. Treasury Note 2 Year Futures		12/29/23		299			USD	60,610,570			(145,562	)
U.S. Treasury Note Ultra 10 Year Futures		12/19/23		175			USD	19,523,438			117,269
U.S. Treasury Ultra Long Bond Futures		12/19/23		3			USD	356,063			(27,206	)
Futures Contracts—Short
Euro-Schatz Futures		12/07/23		(356	)		EUR	(37,376,440	)		142,589
FTSE/MIB Index Futures		12/15/23		(46	)		EUR	(6,505,090	)		131,882
DAX Index Mini Futures		12/15/23		(60	)		EUR	(4,657,800	)		134,098
U.S. Treasury Note 10 Year Futures		12/19/23		(787	)		USD	(85,045,188	)		1,574,427
U.S. Treasury Note 5 Year Futures		12/29/23		(201	)		USD	(21,177,234	)		162,987
Net Unrealized Depreciation										$	(4,852,342	)

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 SOFR

Quarterly

3.235%

Quarterly

07/25/33

USD

322,000,000

$

(25,206,836

)

$

—

$

(25,206,836

)

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

BHFTI-305

Brighthouse Funds Trust I

Schroders Global Multi-Asset Portfolio

Consolidated Schedule of Investments as of September 30, 2023 (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
(CAD)—	Canadian Dollar
(CHF)—	Swiss Franc
(COP)—	Colombian Peso
(CZK)—	Czech Koruna
(DKK)—	Danish Krone
(EUR)—	Euro
(GBP)—	British Pound
(HUF)—	Hungarian Forint
(IDR)—	Indonesian Rupiah
(ILS)—	Israeli Shekel
(INR)—	Indian Rupee
(JPY)—	Japanese Yen
(NOK)—	Norwegian Krone
(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

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
(TSFR)—	Term Secured Overnight Financing Rate

Other Abbreviations

(ADR)—	American Depositary Receipt
(DAC)—	Designated Activity Company
(REIT)—	Real Estate Investment Trust

BHFTI-306

Brighthouse Funds Trust I

Schroders Global Multi-Asset Portfolio

Consolidated Schedule of Investments as of September 30, 2023 (Unaudited)

Fair Value Hierarchy

Accounting principles generally accepted in the United States of America (“GAAP”) define fair market value as the price that the Portfolio would receive to sell an asset or pay to transfer a liability in an orderly transaction between market participants at the measurement date. It establishes a fair value hierarchy that prioritizes inputs to valuation methods and requires disclosure of the fair value hierarchy, separately for each major category of assets and liabilities, that segregates fair value measurements into three levels. Levels 1, 2 and 3 of the fair value hierarchy are defined as follows:

Level 1 - unadjusted quoted prices in active markets for identical investments

Level 2 - other significant observable inputs (including, but not limited to, quoted prices for similar assets or liabilities in markets that are either active or inactive; inputs other than quoted prices that are observable such as interest rates, yield curves, volatilities, prepayment speeds, loss severities, credit risks, default rates, or other market corroborated inputs)

Level 3 - significant unobservable inputs based on the best information available in the circumstances, to the extent observable inputs are unavailable (including the Portfolio’s own assumptions used in determining the fair value of investments and derivative financial instruments)

The inputs or methodologies used for valuing investments are not necessarily an indication of the risk associated with investing in them. Changes to the inputs or methodologies used may result in transfers between levels. A reconciliation of Level 3 securities, if any, will be disclosed following the fair value hierarchy table. For more information about the Portfolio’s policy regarding the valuation of investments, please refer to the Notes to Schedule of Investments.

The following table summarizes the fair value hierarchy of the Portfolio’s investments as of September 30, 2023:

Description	Level 1		Level 2		Level 3		Total
Common Stocks
Aerospace & Defense	$	2,141,227	$	630,476	$	—	$	2,771,703
Air Freight & Logistics		1,164,099		252,055		—		1,416,154
Automobile Components		796,843		692,348		—		1,489,191
Automobiles		6,184,842		3,273,362		—		9,458,204
Banks		12,901,872		12,019,860		—		24,921,732
Beverages		7,857,357		1,192,732		—		9,050,089
Biotechnology		6,078,920		355,714		—		6,434,634
Broadline Retail		12,306,229		388,207		—		12,694,436
Building Products		3,551,083		646,340		—		4,197,423
Capital Markets		10,151,082		2,284,551		—		12,435,633
Chemicals		5,697,223		2,495,326		—		8,192,549
Commercial Services & Supplies		2,805,528		—		—		2,805,528
Communications Equipment		4,505,031		126,363		—		4,631,394
Construction & Engineering		—		548,975		—		548,975
Construction Materials		—		137,277		—		137,277
Consumer Finance		1,777,174		—		—		1,777,174
Consumer Staples Distribution & Retail		5,381,367		675,790		—		6,057,157
Containers & Packaging		789,417		204,332		—		993,749
Distributors		258,585		—		—		258,585
Diversified REITs		—		204,684		—		204,684
Diversified Telecommunication Services		864,981		1,496,828		—		2,361,809
Electric Utilities		1,984,966		1,344,333		—		3,329,299
Electrical Equipment		4,055,818		925,190		—		4,981,008
Electronic Equipment, Instruments & Components		779,158		807,558		—		1,586,716
Energy Equipment & Services		1,198,123		55,904		—		1,254,027
Entertainment		5,739,100		336,390		—		6,075,490
Financial Services		13,884,484		805,818		—		14,690,302
Food Products		1,909,043		2,613,188		—		4,522,231
Gas Utilities		—		157,671		—		157,671
Ground Transportation		4,298,353		94,150		—		4,392,503
Health Care Equipment & Supplies		7,156,077		566,596		—		7,722,673
Health Care Providers & Services		9,507,949		—		—		9,507,949
Health Care REITs		273,025		—		—		273,025
Health Care Technology		501,504		—		—		501,504
Hotels, Restaurants & Leisure		7,593,126		1,584,444		—		9,177,570
Household Durables		1,679,190		538,048		—		2,217,238
Household Products		7,516,557		250,376		—		7,766,933
Independent Power and Renewable Electricity Producers		—		210,332		—		210,332
Industrial Conglomerates		2,173,930		636,103		—		2,810,033
Industrial REITs		679,993		196,908		—		876,901
Insurance		8,865,899		2,571,016		—		11,436,915

BHFTI-307

Brighthouse Funds Trust I

Schroders Global Multi-Asset Portfolio

Consolidated Schedule of Investments as of September 30, 2023 (Unaudited)

Fair Value Hierarchy—(Continued)

Description	Level 1			Level 2			Level 3		Total
Interactive Media & Services	$	22,015,813		$	288,346		$	—	$	22,304,159
IT Services		4,406,743			234,502			—		4,641,245
Leisure Products		—			108,022			—		108,022
Life Sciences Tools & Services		4,304,384			128,442			—		4,432,826
Machinery		9,115,609			1,599,535			—		10,715,144
Marine Transportation		—			187,029			—		187,029
Media		3,103,979			—			—		3,103,979
Metals & Mining		3,298,573			4,415,757			—		7,714,330
Multi-Utilities		568,126			865,956			—		1,434,082
Office REITs		—			194,593			—		194,593
Oil, Gas & Consumable Fuels		14,979,306			7,602,959			—		22,582,265
Paper & Forest Products		—			155,833			—		155,833
Passenger Airlines		96,238			—			—		96,238
Personal Care Products		82,394			3,017,828			—		3,100,222
Pharmaceuticals		15,296,392			11,252,063			—		26,548,455
Professional Services		1,617,409			1,766,627			—		3,384,036
Real Estate Management & Development		111,337			426,036			—		537,373
Residential REITs		255,987			—			—		255,987
Retail REITs		163,773			—			—		163,773
Semiconductors & Semiconductor Equipment		25,560,407			2,743,592			—		28,303,999
Software		41,722,772			947,383			—		42,670,155
Specialized REITs		1,345,807			—			—		1,345,807
Specialty Retail		7,168,147			1,129,494			—		8,297,641
Technology Hardware, Storage & Peripherals		20,505,510			—			—		20,505,510
Textiles, Apparel & Luxury Goods		2,768,672			2,817,837			—		5,586,509
Tobacco		523,317			266,492			—		789,809
Trading Companies & Distributors		2,099,594			2,377,397			—		4,476,991
Transportation Infrastructure		99,279			—			—		99,279
Water Utilities		309,823			—			—		309,823
Wireless Telecommunication Services		219,598			981,083			—		1,200,681
Total Common Stocks		346,748,144			84,826,051			—		431,574,195
Total Corporate Bonds & Notes*		—			365,012,966			—		365,012,966
Total U.S. Treasury & Government Agencies*		—			45,889,405			—		45,889,405
Total Preferred Stocks*		—			219,930			—		219,930
Total Warrants*		—			0			—		0
Total Short-Term Investments*		—			94,509,994			—		94,509,994
Securities Lending Reinvestments
Certificates of Deposit		—			50,010,329			—		50,010,329
Commercial Paper		—			12,001,690			—		12,001,690
Repurchase Agreements		—			49,396,995			—		49,396,995
Mutual Funds		2,465,000			—			—		2,465,000
Total Securities Lending Reinvestments		2,465,000			111,409,014			—		113,874,014
Total Investments	$	349,213,144		$	701,867,360		$	—	$	1,051,080,504
Collateral for Securities Loaned (Liability)	$	—		$	(113,861,995	)	$	—	$	(113,861,995	)
Forward Contracts
Forward Foreign Currency Exchange Contracts (Unrealized Appreciation)	$	—		$	538,535		$	—	$	538,535
Forward Foreign Currency Exchange Contracts (Unrealized Depreciation)		—			(1,280,476	)		—		(1,280,476	)
Total Forward Contracts	$	—		$	(741,941	)	$	—	$	(741,941	)
Futures Contracts
Futures Contracts (Unrealized Appreciation)	$	2,309,113		$	—		$	—	$	2,309,113
Futures Contracts (Unrealized Depreciation)		(7,161,455	)		—			—		(7,161,455	)
Total Futures Contracts	$	(4,852,342	)	$	—		$	—	$	(4,852,342	)
Centrally Cleared Swap Contracts (Unrealized Depreciation)	$	—		$	(25,206,836	)	$	—	$	(25,206,836	)

* See Consolidated Schedule of Investments for additional detailed categorizations.

BHFTI-308

Brighthouse Funds Trust I

SSGA Emerging Markets Enhanced Index Portfolio

Schedule of Investments as of September 30, 2023 (Unaudited)

Common Stocks—97.2% of Net Assets

Security Description	Shares		Value
Brazil—3.6%
Ambev SA (ADR)		386,800	$	997,944
B3 SA - Brasil Bolsa Balcao		360,400		881,184
Banco Bradesco SA		84,876		213,771
Banco Bradesco SA (ADR)		205,945		586,943
Banco do Brasil SA		108,800		1,021,214
CCR SA		114,800		294,391
CPFL Energia SA		86,500		578,382
Energisa SA		37,300		346,913
Itau Unibanco Holding SA (ADR)		181,200		973,044
JBS SA		165,500		594,299
Kepler Weber SA		79,800		183,841
Klabin SA		71,700		339,632
Mahle Metal Leve SA		3,418		32,810
Mills Estruturas e Servicos de Engenharia SA		22,100		53,287
Petroleo Brasileiro SA		124,600		939,232
Petroleo Brasileiro SA (ADR)		18,400		275,816
Raia Drogasil SA		31,200		171,438
Sao Martinho SA		4,476		34,960
SLC Agricola SA		43,670		342,215
Telefonica Brasil SA		77,600		666,614
Vale SA		97,500		1,310,849
Vale SA (ADR)		108,700		1,456,580
Vibra Energia SA		52,500		197,611
				12,492,970
Chile—0.5%
Cencosud SA		424,028		804,014
Cia Cervecerias Unidas SA		9,557		60,739
Colbun SA		593,482		80,810
Empresa Nacional de Telecomunicaciones SA		10,289		34,619
Empresas CMPC SA		200,494		369,131
SMU SA		542,556		95,244
Sociedad Quimica y Minera de Chile SA (ADR)		7,300		435,591
				1,880,148
China—29.4%
37 Interactive Entertainment Network Technology Group Co. Ltd. - Class A		14,800		44,315
3SBio, Inc.		713,500		595,120
AIMA Technology Group Co. Ltd. - Class A		34,800		141,025
AK Medical Holdings Ltd.		200,000		168,512
Akeso, Inc. (a) (b)		28,000		127,816
Alibaba Group Holding Ltd. (a)		865,900		9,387,564
Alibaba Health Information Technology Ltd. (a)		290,000		180,260
Anhui Conch Cement Co. Ltd. - Class A		5,100		18,174
Anhui Conch Cement Co. Ltd. - Class H		121,500		321,344
Anhui Expressway Co. Ltd. - Class H		78,000		81,593
Anhui Guangxin Agrochemical Co. Ltd. - Class A		12,180		33,450
Anhui Gujing Distillery Co. Ltd. - Class A		2,600		97,667
Anhui Yingjia Distillery Co. Ltd. - Class A		22,900		230,789
ANTA Sports Products Ltd.		29,200		325,904
Autohome, Inc. (ADR)		14,100		427,935
Baidu, Inc. - Class A (a)		150,150		2,531,028
Bank of Changsha Co. Ltd. - Class A		25,500		28,609
Bank of Chengdu Co. Ltd. - Class A		40,000		75,251
China—(Continued)
Bank of China Ltd. - Class H		2,468,000		864,055
Bank of Hangzhou Co. Ltd. - Class A		142,000		216,949
Bank of Jiangsu Co. Ltd. - Class A		529,980		520,423
Bank of Nanjing Co. Ltd. - Class A		68,500		75,426
Baoshan Iron & Steel Co. Ltd. - Class A		52,600		43,818
BeiGene Ltd. (a)		33,000		459,304
Beijing Yanjing Brewery Co. Ltd. - Class A		38,700		53,339
Bilibili, Inc. - Class Z (a)		9,040		124,849
Binjiang Service Group Co. Ltd.		12,000		26,577
By-health Co. Ltd. - Class A		35,569		92,469
BYD Co. Ltd. - Class A		11,900		386,101
BYD Co. Ltd. - Class H		53,500		1,646,804
BYD Electronic International Co. Ltd.		149,500		680,053
CGN Power Co. Ltd. - Class H		2,429,000		630,560
China Construction Bank Corp. - Class A		260,600		224,765
China Construction Bank Corp. - Class H		4,891,000		2,755,903
China Feihe Ltd.		805,000		475,051
China Foods Ltd.		106,000		34,883
China Galaxy Securities Co. Ltd. - Class H		504,500		259,000
China International Marine Containers Group Co. Ltd. - Class A		201,450		195,821
China International Marine Containers Group Co. Ltd. - Class H (b)		147,850		84,846
China Jushi Co. Ltd. - Class A		25,429		46,957
China Lesso Group Holdings Ltd.		434,000		230,573
China Medical System Holdings Ltd.		395,000		595,710
China Meidong Auto Holdings Ltd.		9,450		5,213
China Merchants Bank Co. Ltd. - Class A		109,200		491,527
China Merchants Bank Co. Ltd. - Class H		290,000		1,203,202
China National Accord Medicines Corp. Ltd. - Class A		62,430		270,502
China National Medicines Corp. Ltd. - Class A		42,600		193,332
China Overseas Land & Investment Ltd.		227,000		466,408
China Pacific Insurance Group Co. Ltd. - Class A		81,200		321,241
China Pacific Insurance Group Co. Ltd. - Class H		288,800		717,418
China Petroleum & Chemical Corp. - Class A		215,600		179,162
China Petroleum & Chemical Corp. - Class H		1,796,000		977,741
China Resources Beer Holdings Co. Ltd.		88,000		481,178
China Resources Land Ltd.		294,000		1,158,651
China Resources Medical Holdings Co. Ltd.		140,500		91,957
China Resources Pharmaceutical Group Ltd.		171,000		113,223
China Resources Power Holdings Co. Ltd.		294,000		560,982
China Shenhua Energy Co. Ltd. - Class A		61,811		265,324
China Shenhua Energy Co. Ltd. - Class H		354,000		1,148,265
China State Construction Engineering Corp. Ltd. - Class A		370,100		280,189
China Tower Corp. Ltd. - Class H		3,754,000		359,234
China Traditional Chinese Medicine Holdings Co. Ltd.		324,000		150,876
China United Network Communications Ltd. - Class A		387,100		260,454
China Vanke Co. Ltd. - Class H		272,700		297,865
China Yongda Automobiles Services Holdings Ltd.		255,000		98,714
Chlitina Holding Ltd.		12,000		69,919
Chongqing Brewery Co. Ltd. - Class A		6,900		80,537
Chongqing Zhifei Biological Products Co. Ltd. - Class A		10,700		71,293
Chow Tai Fook Jewellery Group Ltd.		80,800		121,415
CITIC Ltd.		550,000		501,301
CITIC Telecom International Holdings Ltd.		635,000		251,268
Contemporary Amperex Technology Co. Ltd. - Class A		16,820		471,537
COSCO SHIPPING Holdings Co. Ltd. - Class A		114,120		153,410
COSCO SHIPPING Holdings Co. Ltd. - Class H		303,200		309,480

BHFTI-309

Brighthouse Funds Trust I

SSGA Emerging Markets Enhanced Index Portfolio

Schedule of Investments as of September 30, 2023 (Unaudited)

Common Stocks—(Continued)

Security Description	Shares		Value
China—(Continued)
CRRC Corp. Ltd. - Class A		102,200	$	81,761
CRRC Corp. Ltd. - Class H		375,000		180,156
CSPC Pharmaceutical Group Ltd.		466,240		340,830
Daqin Railway Co. Ltd. - Class A		430,500		429,734
Daqo New Energy Corp. (ADR) (a) (b)		2,900		87,783
DaShenLin Pharmaceutical Group Co. Ltd. - Class A		6,300		21,692
Dian Diagnostics Group Co. Ltd. - Class A		11,200		36,015
Dongfang Electric Corp. Ltd. - Class A		28,300		60,524
Dongyue Group Ltd.		173,000		129,938
EEKA Fashion Holdings Ltd.		63,500		120,181
ENN Energy Holdings Ltd.		2,793		23,084
ENN Natural Gas Co. Ltd. - Class A		108,800		259,609
FinVolution Group (ADR)		65,900		328,182
Foxconn Industrial Internet Co. Ltd. - Class A		41,100		110,825
Fuyao Glass Industry Group Co. Ltd. - Class H		21,200		97,101
GD Power Development Co. Ltd. - Class A		172,600		87,234
GDS Holdings Ltd. - Class A (a)		67,700		92,483
Geely Automobile Holdings Ltd.		199,000		234,200
Great Wall Motor Co. Ltd. - Class H		17,646		20,876
Guangdong Provincial Expressway Development Co. Ltd. - Class A		46,620		53,528
Guangzhou Baiyunshan Pharmaceutical Holdings Co. Ltd. - Class A		22,200		95,769
Guangzhou Kingmed Diagnostics Group Co. Ltd. - Class A		5,200		44,394
H World Group Ltd. (ADR) (a)		10,300		406,129
Haidilao International Holding Ltd.		119,000		317,370
Haier Smart Home Co. Ltd. - Class A		65,800		214,537
Haier Smart Home Co. Ltd. - Class H		101,400		317,184
Haitian International Holdings Ltd.		150,000		317,018
Hangzhou Binjiang Real Estate Group Co. Ltd. - Class A		61,500		81,456
Harbin Electric Co. Ltd. - Class H		402,000		122,391
Health & Happiness H&H International Holdings Ltd.		51,000		63,035
Hebei Yangyuan Zhihui Beverage Co. Ltd. - Class A		6,200		20,728
Hello Group, Inc. (ADR)		38,800		270,824
Henan Shenhuo Coal & Power Co. Ltd. - Class A		62,100		144,940
Hengan International Group Co. Ltd.		148,000		472,254
Huadong Medicine Co. Ltd. - Class A		39,300		228,660
Huafon Chemical Co. Ltd. - Class A		104,100		100,760
Huaibei Mining Holdings Co. Ltd. - Class A		28,700		54,812
Hubei Jumpcan Pharmaceutical Co. Ltd. - Class A		29,300		109,718
Hubei Xingfa Chemicals Group Co. Ltd. - Class A		22,900		61,852
Hygeia Healthcare Holdings Co. Ltd. - Class C		38,600		214,849
Imeik Technology Development Co. Ltd. - Class A		2,420		130,385
Industrial & Commercial Bank of China Ltd. - Class H		1,992,000		959,617
Industrial Bank Co. Ltd. - Class A		154,400		344,531
Inner Mongolia Junzheng Energy & Chemical Industry Group Co. Ltd. - Class A		167,100		93,562
iQIYI, Inc. (ADR) (a) (b)		22,100		104,754
JD Health International, Inc. (a)		59,265		304,018
JD.com, Inc. - Class A		104,954		1,525,494
Jiangsu Expressway Co. Ltd. - Class H		256,000		230,652
Jiangsu Linyang Energy Co. Ltd. - Class A		35,400		34,651
Jiangsu Yanghe Brewery Joint-Stock Co. Ltd. - Class A		4,700		84,064
Jiangsu Yuyue Medical Equipment & Supply Co. Ltd. - Class A		24,500		115,261
Jiangxi Copper Co. Ltd. - Class A		19,500		51,353
Jiangxi Copper Co. Ltd. - Class H		236,000		368,016
JNBY Design Ltd.		92,500		119,391
Joincare Pharmaceutical Group Industry Co. Ltd. - Class A		109,499		185,858
Jointown Pharmaceutical Group Co. Ltd. - Class A		96,552		143,183
China—(Continued)
JOYY, Inc. (ADR) (b)		8,000		304,880
KE Holdings, Inc. (ADR) (a)		17,800		276,256
Kuaishou Technology (a)		120,900		960,270
Kunlun Energy Co. Ltd.		1,058,000		910,236
Kweichow Moutai Co. Ltd. - Class A		3,100		769,113
LB Group Co. Ltd. - Class A		26,700		67,146
Lenovo Group Ltd.		1,058,000		1,062,994
Li Auto, Inc. - Class A (a)		16,000		286,151
Lingyi iTech Guangdong Co. - Class A		114,100		89,361
Livzon Pharmaceutical Group, Inc. - Class H		48,000		156,973
Longfor Group Holdings Ltd.		162,500		287,218
Lonking Holdings Ltd.		235,000		41,059
Lufax Holding Ltd. (ADR) (b)		234,200		248,252
Luxi Chemical Group Co. Ltd. - Class A		23,600		36,573
Luzhou Laojiao Co. Ltd. - Class A		4,000		120,085
Meituan - Class B (a)		221,710		3,218,640
MINISO Group Holding Ltd. (ADR) (a) (b)		23,200		600,880
Minth Group Ltd.		82,000		209,709
Nanjing Iron & Steel Co. Ltd. - Class A		104,300		52,850
NetDragon Websoft Holdings Ltd.		86,000		158,962
NetEase, Inc.		136,100		2,732,284
New Oriental Education & Technology Group, Inc. (a)		82,000		486,008
Newland Digital Technology Co. Ltd. - Class A (a)		81,400		213,733
Nongfu Spring Co. Ltd. - Class H		14,600		83,529
PDD Holdings, Inc. (ADR) (a)		26,100		2,559,627
PetroChina Co. Ltd. - Class A		427,900		467,465
PetroChina Co. Ltd. - Class H		2,090,000		1,568,949
PICC Property & Casualty Co. Ltd. - Class H		58,000		74,170
Ping An Insurance Group Co. of China Ltd. - Class A		105,300		703,997
Ping An Insurance Group Co. of China Ltd. - Class H		441,500		2,500,744
Poly Developments & Holdings Group Co. Ltd. - Class A		53,700		93,658
Power Construction Corp. of China Ltd. - Class A		73,800		54,088
Qifu Technology, Inc. (ADR)		6,400		98,304
Shaanxi Coal Industry Co. Ltd. - Class A		107,900		272,832
Shan Xi Hua Yang Group New Energy Co. Ltd. - Class A		67,200		77,460
Shandong Jinjing Science & Technology Co. Ltd. - Class A		45,500		45,206
Shandong Weigao Group Medical Polymer Co. Ltd. - Class H		75,200		65,894
Shanghai International Port Group Co. Ltd. - Class A		219,000		154,342
Shanghai Pharmaceuticals Holding Co. Ltd. - Class A		28,000		69,306
Shanghai Pharmaceuticals Holding Co. Ltd. - Class H		294,100		457,890
Shanxi Coal International Energy Group Co. Ltd. - Class A		23,900		61,714
Shanxi Lu’an Environmental Energy Development Co. Ltd. - Class A		80,700		209,800
Shanxi Xinghuacun Fen Wine Factory Co. Ltd. - Class A		5,160		171,009
Shenzhen Expressway Corp. Ltd. - Class A		72,800		99,568
Shenzhen Expressway Corp. Ltd. - Class H		156,000		127,398
Shenzhen Mindray Bio-Medical Electronics Co. Ltd. - Class A		7,400		274,042
Sichuan Kelun Pharmaceutical Co. Ltd. - Class A		64,600		257,974
Sinopec Engineering Group Co. Ltd. - Class H		216,500		97,404
Sinopharm Group Co. Ltd. - Class H		270,400		784,992
Sinotrans Ltd. - Class H		1,032,000		376,159
Sinotruk Hong Kong Ltd.		183,000		350,354
Sun Art Retail Group Ltd.		292,000		61,909
Sunny Optical Technology Group Co. Ltd.		40,300		280,932
Suzhou Dongshan Precision Manufacturing Co. Ltd. - Class A		53,400		126,762
TangShan Port Group Co. Ltd. - Class A		323,600		163,475
TBEA Co. Ltd. - Class A		163,352		331,424
Tencent Holdings Ltd. (b)		342,000		13,254,229
Tencent Music Entertainment Group (ADR) (a)		91,500		583,770

BHFTI-310

Brighthouse Funds Trust I

SSGA Emerging Markets Enhanced Index Portfolio

Schedule of Investments as of September 30, 2023 (Unaudited)

Common Stocks—(Continued)

Security Description	Shares		Value
China—(Continued)
Tian Di Science & Technology Co. Ltd. - Class A		108,500	$	80,576
Tian Ge Interactive Holdings Ltd.		66,231		3,448
Tianli International Holdings Ltd.		116,122		37,355
Tianneng Power International Ltd.		124,000		116,989
Tingyi Cayman Islands Holding Corp.		125,876		176,002
Tongcheng Travel Holdings Ltd. (a)		9,614		21,036
Tongwei Co. Ltd. - Class A		11,400		50,346
Topsports International Holdings Ltd.		323,000		245,249
Trip.com Group Ltd. (ADR) (a)		26,700		933,699
Tsingtao Brewery Co. Ltd. - Class A		8,400		100,641
Tsingtao Brewery Co. Ltd. - Class H		58,000		471,800
Uni-President China Holdings Ltd.		205,000		144,482
Vipshop Holdings Ltd. (ADR) (a)		59,900		958,999
Want Want China Holdings Ltd.		75,000		48,882
Weibo Corp. (ADR)		17,100		214,434
Western Mining Co. Ltd. - Class A		129,900		228,217
Wuliangye Yibin Co. Ltd. - Class A		9,800		211,649
WuXi AppTec Co. Ltd. - Class A		10,991		130,837
WuXi AppTec Co. Ltd. - Class H (b)		64,600		768,750
Wuxi Biologics Cayman, Inc. (a)		190,500		1,118,845
XD, Inc. (a)		14,000		25,141
Xiamen C & D, Inc. - Class A		154,600		209,946
Xiaomi Corp. - Class B (a)		348,800		543,144
Xinhua Winshare Publishing & Media Co. Ltd. - Class A		56,400		105,557
Xinte Energy Co. Ltd. - Class H (a) (b)		70,000		137,834
Yadea Group Holdings Ltd.		350,000		648,917
YongXing Special Materials Technology Co. Ltd. - Class A		11,570		71,838
Youdao, Inc. (ADR) (a) (b)		9,800		39,396
YuanShengTai Dairy Farm Ltd. (a)		841,000		12,137
Yuexiu Property Co. Ltd.		170,300		194,232
Yum China Holdings, Inc.		30,600		1,705,032
Zai Lab Ltd. (ADR) (a) (b)		7,217		175,445
Zangge Mining Co. Ltd. - Class A		53,600		168,493
Zhejiang Century Huatong Group Co. Ltd. - Class A (a)		11,850		7,834
Zhejiang Expressway Co. Ltd. - Class H		158,000		117,713
Zhejiang Jiahua Energy Chemical Industry Co. Ltd. - Class A		172,000		196,386
Zhejiang Xinan Chemical Industrial Group Co. Ltd. - Class A		70,600		97,741
Zhongjin Gold Corp. Ltd. - Class A		22,400		33,522
Zhuzhou CRRC Times Electric Co. Ltd.		21,400		73,992
Zijin Mining Group Co. Ltd. - Class H		108,000		164,254
ZTE Corp. - Class A		34,600		154,787
ZTE Corp. - Class H		218,800		659,272
ZTO Express Cayman, Inc. (ADR)		21,300		514,821
				101,282,295
Czech Republic—0.3%
Komercni Banka AS		20,560		597,273
Moneta Money Bank AS		133,141		483,065
Philip Morris CR AS		62		46,098
				1,126,436
Egypt—0.2%
Abou Kir Fertilizers & Chemical Industries		75,943		164,666
Eastern Co. SAE		179,207		139,659
ElSewedy Electric Co.		254,173		193,557
Telecom Egypt Co.		129,900		125,623
				623,505
Greece—0.7%
Danaos Corp.		558		36,951
JUMBO SA		17,230		473,945
Motor Oil Hellas Corinth Refineries SA		9,085		229,775
Mytilineos SA		24,620		905,941
OPAP SA		35,430		593,910
				2,240,522
Hong Kong—0.3%
Bosideng International Holdings Ltd.		1,162,000		496,371
China High Speed Transmission Equipment Group Co. Ltd. (a) (b)		110,000		31,580
Sino Biopharmaceutical Ltd.		147,000		53,264
Skyworth Group Ltd.		210,340		78,727
United Laboratories International Holdings Ltd.		276,000		279,208
				939,150
Hungary—0.1%
MOL Hungarian Oil & Gas PLC		51,279		388,798
India—16.0%
360 ONE WAM Ltd.		30,880		187,272
Adani Power Ltd. (a)		98,579		446,037
Allcargo Logistics Ltd.		29,629		96,838
Allcargo Terminals Ltd. (a)		29,629		12,203
Amara Raja Batteries Ltd.		44,324		339,591
Apollo Hospitals Enterprise Ltd.		4,213		261,172
Apollo Tyres Ltd.		24,674		109,183
Asian Paints Ltd.		2,686		102,306
Aster DM Healthcare Ltd. (a)		46,157		183,185
Aurobindo Pharma Ltd.		43,079		475,511
Axis Bank Ltd.		140,328		1,743,692
Bajaj Auto Ltd.		1,894		115,391
Bajaj Consumer Care Ltd.		33,488		90,634
Bajaj Finance Ltd.		8,355		783,446
Bajaj Finserv Ltd.		11,283		208,822
Bandhan Bank Ltd.		38,302		115,891
Bank of Baroda		128,930		332,240
Bharat Electronics Ltd.		461,670		766,652
Bharat Petroleum Corp. Ltd.		91,579		382,518
Bharti Airtel Ltd.		62,630		699,279
Bombay Burmah Trading Co. (a)		6,950		104,704
Britannia Industries Ltd.		791		43,152
CESC Ltd.		123,023		132,950
CIE Automotive India Ltd.		16,972		97,982
Cipla Ltd.		13,734		196,645
Cochin Shipyard Ltd.		4,457		58,253
Cyient Ltd.		11,704		238,641
DCM Shriram Ltd.		15,342		200,611
Dr Reddy’s Laboratories Ltd.		13,770		926,371
Eicher Motors Ltd.		3,291		137,502
EID Parry India Ltd.		23,281		146,275
Engineers India Ltd.		81,707		144,807
Finolex Cables Ltd.		22,810		303,465
GAIL India Ltd.		534,338		801,549
General Insurance Corp. of India (a)		48,549		130,198
Glenmark Pharmaceuticals Ltd.		44,332		456,842
Godrej Consumer Products Ltd. (a)		5,700		67,929

BHFTI-311

Brighthouse Funds Trust I

SSGA Emerging Markets Enhanced Index Portfolio

Schedule of Investments as of September 30, 2023 (Unaudited)

Common Stocks—(Continued)

Security Description	Shares		Value
India—(Continued)
Grasim Industries Ltd.		38,164	$	894,414
Great Eastern Shipping Co. Ltd.		23,450		238,688
Gujarat Pipavav Port Ltd.		115,327		172,449
Gujarat State Fertilizers & Chemicals Ltd.		42,606		88,902
Gujarat State Petronet Ltd.		99,673		338,684
HCL Technologies Ltd.		97,651		1,451,165
HDFC Bank Ltd.		116,870		2,139,570
Hero MotoCorp Ltd.		816		30,031
Hindalco Industries Ltd.		183,470		1,085,034
Hindustan Aeronautics Ltd.		31,520		731,729
Hindustan Unilever Ltd.		24,992		740,716
Hindustan Zinc Ltd.		17,919		66,518
ICICI Bank Ltd.		207,916		2,380,543
Indian Hotels Co. Ltd.		24,507		121,292
Indian Oil Corp. Ltd.		774,813		849,261
Indo Count Industries Ltd.		34,748		93,416
Indraprastha Gas Ltd.		18,679		101,995
Infosys Ltd.		3,819		65,627
Infosys Ltd. (ADR) (b)		210,300		3,598,233
ITC Ltd.		218,799		1,169,033
JB Chemicals & Pharmaceuticals Ltd.		1,748		31,164
Jindal Steel & Power Ltd.		115,962		980,693
Jio Financial Services Ltd. (a)		139,905		389,181
JK Lakshmi Cement Ltd.		33,658		261,743
JK Tyre & Industries Ltd.		14,866		49,852
JSW Steel Ltd.		84,659		792,597
Kalpataru Projects International Ltd.		15,576		118,899
Karnataka Bank Ltd.		44,188		132,218
Kaveri Seed Co. Ltd. (a)		4,484		32,458
Kotak Mahindra Bank Ltd.		26,360		551,259
LT Foods Ltd.		128,969		256,245
Lupin Ltd.		6,603		92,773
Mahindra & Mahindra Ltd.		89,673		1,679,399
Manappuram Finance Ltd.		238,297		430,511
Maruti Suzuki India Ltd.		968		123,432
Max Healthcare Institute Ltd.		32,438		221,557
Motilal Oswal Financial Services Ltd.		5,526		58,489
Muthoot Finance Ltd.		25,055		377,429
NCC Ltd.		39,746		74,289
NHPC Ltd.		670,375		425,536
NIIT Learning Systems Ltd. (a)		10,869		55,110
NTPC Ltd.		530,175		1,568,918
Oil & Natural Gas Corp. Ltd.		522,515		1,204,369
Oil India Ltd.		121,203		435,453
Oracle Financial Services Software Ltd.		1,903		94,233
Petronet LNG Ltd.		12,945		37,442
Piramal Enterprises Ltd.		6,951		87,589
Polyplex Corp. Ltd.		11,988		167,273
Power Finance Corp. Ltd.		169,416		514,987
Power Finance Corp. Ltd. (a)		42,354		128,747
Power Grid Corp. of India Ltd.		542,787		1,307,973
Raymond Ltd.		17,500		379,531
REC Ltd.		215,194		745,771
Reliance Industries Ltd.		136,325		3,821,824
RITES Ltd.		58,049		343,769
Shriram Finance Ltd.		8,737		201,075
Sonata Software Ltd.		9,583		121,714
India—(Continued)
State Bank of India		170,937		1,230,484
Sun Pharmaceutical Industries Ltd.		67,024		932,011
Supreme Industries Ltd.		1,405		69,750
Tata Chemicals Ltd.		23,147		287,659
Tata Motors Ltd.		145,618		1,105,351
Tata Steel Ltd.		168,697		261,880
Tech Mahindra Ltd.		69,546		1,023,878
Torrent Power Ltd.		46,017		407,822
TransIndia Real Estate Ltd. (a)		29,629		15,610
Triveni Turbine Ltd. (a)		39,954		210,750
Tube Investments of India Ltd.		6,797		244,078
Uflex Ltd.		8,654		47,691
UltraTech Cement Ltd.		914		90,974
Union Bank of India Ltd.		65,467		83,758
UPL Ltd.		101,043		749,280
Varun Beverages Ltd.		55,290		632,128
Vedanta Ltd.		208,510		558,224
Voltamp Transformers Ltd.		1,800		97,097
Welspun India Ltd.		78,228		114,102
West Coast Paper Mills Ltd.		9,521		80,891
Wipro Ltd.		121,298		591,997
				55,127,956
Indonesia—2.1%
Astra International Tbk PT		2,573,000		1,035,240
Bank Central Asia Tbk PT		2,546,700		1,452,940
Bank Mandiri Persero Tbk PT		3,808,500		1,484,732
Bank Rakyat Indonesia Persero Tbk PT		5,488,200		1,854,732
Indofood Sukses Makmur Tbk PT		1,715,800		734,963
Sumber Alfaria Trijaya Tbk PT		656,600		125,782
United Tractors Tbk PT		385,600		704,027
				7,392,416
Malaysia—1.2%
Alliance Bank Malaysia Bhd		386,200		278,134
AMMB Holdings Bhd		268,654		211,622
Berjaya Food Bhd		311,900		49,876
Bermaz Auto Bhd		336,700		178,465
Bumi Armada Bhd (a)		2,591,100		308,805
CIMB Group Holdings Bhd		486,723		562,419
Eco World Development Group Bhd		130,000		29,909
Heineken Malaysia Bhd		10,900		56,444
Hong Leong Financial Group Bhd		31,400		118,376
IOI Corp. Bhd		392,100		332,282
Kuala Lumpur Kepong Bhd		9,300		42,301
Malayan Banking Bhd		44,367		83,039
Padini Holdings Bhd		33,384		28,120
Petronas Chemicals Group Bhd		278,900		426,730
Public Bank Bhd		209,000		180,525
RHB Bank Bhd		483,021		558,310
Sime Darby Plantation Bhd		361,200		330,016
Ta Ann Holdings Bhd		86,500		62,075
Telekom Malaysia Bhd		63,464		66,141
Tenaga Nasional Bhd		34,000		72,335
TSH Resources Bhd		345,000		72,704
UMW Holdings Bhd		91,600		93,047

BHFTI-312

Brighthouse Funds Trust I

SSGA Emerging Markets Enhanced Index Portfolio

Schedule of Investments as of September 30, 2023 (Unaudited)

Common Stocks—(Continued)

Security Description	Shares		Value
Malaysia—(Continued)
United Plantations Bhd		18,900	$	67,003
YTL Power International Bhd		101,800		44,436
				4,253,114
Mexico—2.9%
Alfa SAB de CV - Class A		350,900		228,732
Alsea SAB de CV (a)		67,000		244,510
America Movil SAB de CV		2,227,573		1,923,682
Arca Continental SAB de CV		89,200		812,640
Banco del Bajio SA		178,900		560,593
Cemex SAB de CV (ADR) (a)		176,700		1,148,550
Fibra Uno Administracion SA de CV (b)		643,400		1,076,179
Fomento Economico Mexicano SAB de CV		37,000		403,343
GMexico Transportes SAB de CV - Class C		22,800		53,574
Grupo Bimbo SAB de CV - Series A		196,700		945,605
Grupo Financiero Banorte SAB de CV - Class O		131,300		1,100,501
Grupo Mexico SAB de CV - Series B		34,600		163,515
Orbia Advance Corp. SAB de CV		250,900		520,876
Southern Copper Corp.		2,100		158,109
TF Administradora Industrial S de Real de CV		9,849		17,435
Wal-Mart de Mexico SAB de CV		170,500		643,551
				10,001,395
Peru—0.1%
Credicorp Ltd.		1,400		179,158
Sociedad Minera Cerro Verde SAA		2,082		63,501
				242,659
Philippines—0.4%
Bank of the Philippine Islands		39,881		78,961
Bloomberry Resorts Corp. (a)		225,900		40,312
DMCI Holdings, Inc.		1,340,200		246,844
International Container Terminal Services, Inc.		162,670		594,373
Metropolitan Bank & Trust Co.		186,980		178,169
PLDT, Inc.		5,540		115,173
Semirara Mining & Power Corp.		195,600		120,643
Universal Robina Corp.		29,360		61,657
				1,436,132
Poland—0.8%
Bank Polska Kasa Opieki SA		35,294		810,889
Budimex SA		431		42,862
Dino Polska SA (a)		1,730		139,810
KRUK SA (a)		3,295		310,565
LPP SA		35		103,529
Powszechna Kasa Oszczednosci Bank Polski SA (a)		124,846		986,652
Powszechny Zaklad Ubezpieczen SA		12,840		121,490
XTB SA		13,118		92,209
				2,608,006
Qatar—0.8%
Commercial Bank PSQC		189,071		280,548
Industries Qatar QSC		35,057		132,058
Ooredoo QPSC		267,383		784,269
Qatar Gas Transport Co. Ltd.		101,052		103,239
Qatar—(Continued)
Qatar International Islamic Bank QSC		112,534		296,690
Qatar Islamic Bank SAQ		104,364		531,976
Qatar National Bank QPSC		136,984		579,523
Vodafone Qatar QSC		183,583		90,831
				2,799,134
Russia—0.0%
Gazprom PJSC (a) (c) (d)		595,658		0
Lukoil PJSC (a) (c) (d)		28,706		0
MMC Norilsk Nickel PJSC (ADR) (a) (c) (d)		9,141		0
Mobile TeleSystems PJSC (a) (c) (d)		253,200		0
Novatek PJSC (GDR) (a) (c) (d)		1,686		0
Novolipetsk Steel PJSC (GDR) (a) (c) (d)		19,696		0
PhosAgro PJSC (a) (c) (d)		287		0
PhosAgro PJSC (GDR) (a) (c) (d)		44,560		0
Rosneft Oil Co. PJSC (a) (c) (d)		77,745		0
Sberbank of Russia PJSC † (a) (c) (d)		879,480		0
Severstal PAO (GDR) (a) (c) (d)		30,364		0
Tatneft PJSC (ADR) (a) (c) (d)		7,842		0
X5 Retail Group NV (GDR) (a) (c) (d)		23,631		0
				0
Saudi Arabia—4.2%
Abdullah Al Othaim Markets Co.		96,788		350,092
Al Rajhi Bank		65,628		1,188,307
Alinma Bank		105,307		937,097
Almarai Co. JSC		16,370		278,095
Arab National Bank		110,549		707,003
Arabian Centres Co. Ltd.		9,540		50,629
Arriyadh Development Co.		14,702		83,187
Astra Industrial Group		9,151		214,784
Banque Saudi Fransi		68,606		667,730
Etihad Etisalat Co.		73,096		868,969
Leejam Sports Co. JSC		5,269		199,798
Mouwasat Medical Services Co.		16		439
Nahdi Medical Co.		3,600		138,408
National Industrialization Co. - Class C (a)		114,561		388,049
National Medical Care Co.		5,108		167,198
Riyad Bank		129,214		956,026
SABIC Agri-Nutrients Co.		26,355		934,712
Sahara International Petrochemical Co.		74,581		752,329
Saudi Arabian Mining Co. (a)		26,271		282,757
Saudi Arabian Oil Co.		77,669		724,872
Saudi Aramco Base Oil Co.		4,567		181,333
Saudi Awwal Bank		31,121		286,277
Saudi Basic Industries Corp.		47,291		1,040,762
Saudi Electricity Co.		127,654		648,827
Saudi National Bank		79,202		693,220
Saudi Telecom Co.		163,927		1,643,784
United Electronics Co.		244		4,913
				14,389,597

BHFTI-313

Brighthouse Funds Trust I

SSGA Emerging Markets Enhanced Index Portfolio

Schedule of Investments as of September 30, 2023 (Unaudited)

Common Stocks—(Continued)

Security Description	Shares		Value
South Africa—3.0%
Absa Group Ltd.		57,173	$	525,866
African Rainbow Minerals Ltd.		28,347		255,181
Anglo American Platinum Ltd.		5,622		209,603
Exxaro Resources Ltd.		6,056		55,085
FirstRand Ltd.		121,796		410,475
Fortress Real Estate Investments Ltd. (a)		92,373		62,732
Gold Fields Ltd.		26,162		284,356
Impala Platinum Holdings Ltd.		67,685		351,995
Investec Ltd.		52,052		297,248
KAP Ltd.		192,476		24,408
Kumba Iron Ore Ltd.		17,155		412,046
Momentum Metropolitan Holdings		191,187		199,062
Motus Holdings Ltd.		50,551		250,168
Naspers Ltd. - Class N		10,665		1,701,949
Northam Platinum Holdings Ltd. (a)		30,339		184,234
Old Mutual Ltd.		483,946		308,520
Omnia Holdings Ltd.		37,943		112,852
OUTsurance Group Ltd.		285,147		644,329
Sappi Ltd.		99,191		231,137
Sasol Ltd.		3,326		45,770
Shoprite Holdings Ltd. (b)		71,508		905,676
Sibanye Stillwater Ltd.		318,152		489,455
Standard Bank Group Ltd.		139,129		1,348,510
Sun International Ltd.		28,415		62,687
Super Group Ltd.		27,071		47,274
Truworths International Ltd.		121,292		488,778
Woolworths Holdings Ltd.		157,971		564,704
Zeda Ltd. (a)		30,680		18,803
				10,492,903
South Korea—11.8%
BGF retail Co. Ltd.		4,571		477,460
Celltrion, Inc.		473		48,818
Chong Kun Dang Pharmaceutical Corp.		2,633		182,530
Daishin Securities Co. Ltd.		7,336		79,148
DB Insurance Co. Ltd.		14,538		962,832
Doosan Bobcat, Inc.		18,675		701,726
GS Holdings Corp.		5,723		168,599
Hana Financial Group, Inc.		33,858		1,064,780
Hankook Tire & Technology Co. Ltd.		22,455		657,294
Hanwha Aerospace Co. Ltd.		4,052		314,014
HD Hyundai Co. Ltd.		4,187		205,354
Hyundai Glovis Co. Ltd.		5,704		779,230
Hyundai Mobis Co. Ltd.		3,750		668,083
Hyundai Motor Co.		11,694		1,655,464
ISU Chemical Co. Ltd.		5,479		61,701
JYP Entertainment Corp.		1,069		88,925
KB Financial Group, Inc.		33,997		1,398,311
KG Chemical Corp.		35,755		189,459
Kia Corp.		24,556		1,473,861
Korea Investment Holdings Co. Ltd.		2,864		112,647
Korean Air Lines Co. Ltd.		32,405		522,101
Korean Reinsurance Co.		786		4,798
KT&G Corp.		10,567		675,702
Kumho Petrochemical Co. Ltd.		4,665		462,219
LG Chem Ltd.		1,586		583,107
LG Corp.		3,484		215,739
South Korea—(Continued)
LG Electronics, Inc.		12,610		942,436
LG Energy Solution Ltd. (a)		276		97,414
LG Innotek Co. Ltd.		3,412		617,897
LS Corp.		1,163		87,502
Mirae Asset Securities Co. Ltd.		146,330		699,168
NAVER Corp.		2,079		310,245
NCSoft Corp.		360		59,330
NH Investment & Securities Co. Ltd. - Class C		25,346		191,913
OCI Holdings Co. Ltd.		397		28,585
Orion Corp.		798		75,856
Orion Holdings Corp.		3,874		43,859
POSCO Holdings, Inc.		4,977		1,950,332
PSK, Inc.		6,469		92,314
Samsung C&T Corp.		4,804		382,245
Samsung Electro-Mechanics Co. Ltd.		5,561		568,082
Samsung Electronics Co. Ltd.		263,970		13,374,031
Samsung Engineering Co. Ltd. (a)		4,708		105,489
Samsung Fire & Marine Insurance Co. Ltd.		3,439		662,321
Samsung Life Insurance Co. Ltd.		18,177		945,717
Samsung SDI Co. Ltd.		1,788		678,019
Samsung Securities Co. Ltd.		29,764		810,251
Shinhan Financial Group Co. Ltd.		44,164		1,166,177
SK Hynix, Inc.		33,933		2,882,181
Woori Financial Group, Inc.		8,764		79,823
Youngone Corp.		2,029		72,611
				40,677,700
Taiwan—14.8%
Acter Group Corp. Ltd.		59,000		299,012
Advanced International Multitech Co. Ltd.		82,000		178,957
ASE Technology Holding Co. Ltd.		328,000		1,114,395
Asia Vital Components Co. Ltd.		3,732		39,542
Cathay Financial Holding Co. Ltd.		66,703		92,100
Chicony Power Technology Co. Ltd.		31,000		109,882
Chunghwa Telecom Co. Ltd.		260,000		934,510
Coretronic Corp.		24,000		57,143
CTBC Financial Holding Co. Ltd.		1,654,000		1,257,589
Delta Electronics, Inc.		44,000		442,348
Depo Auto Parts Ind Co. Ltd.		78,000		324,096
Eva Airways Corp.		79,000		72,810
Evergreen Marine Corp. Taiwan Ltd.		21,800		78,413
Far Eastern Department Stores Ltd.		144,000		105,319
Far Eastern New Century Corp.		121,000		107,790
Farglory Land Development Co. Ltd.		84,000		150,453
First Financial Holding Co. Ltd.		796,531		655,142
Fubon Financial Holding Co. Ltd.		729,155		1,372,049
Fusheng Precision Co. Ltd.		20,000		126,092
Gamania Digital Entertainment Co. Ltd.		133,000		272,417
Gigabyte Technology Co. Ltd.		11,000		96,257
Global Brands Manufacture Ltd.		31,000		59,648
Global Mixed Mode Technology, Inc.		12,000		97,235
Goldsun Building Materials Co. Ltd. - Class C		240,000		186,277
Grape King Bio Ltd.		42,000		202,973
Hannstar Board Corp.		217,000		399,327
Hon Hai Precision Industry Co. Ltd.		828,000		2,669,201
Huaku Development Co. Ltd.		46,000		127,966

BHFTI-314

Brighthouse Funds Trust I

SSGA Emerging Markets Enhanced Index Portfolio

Schedule of Investments as of September 30, 2023 (Unaudited)

Common Stocks—(Continued)

Security Description	Shares		Value
Taiwan—(Continued)
International Games System Co. Ltd. - Class C		18,000	$	363,840
Inventec Corp.		35,000		53,785
Kindom Development Co. Ltd.		155,100		159,106
King’s Town Bank Co. Ltd.		50,000		57,429
Kung Long Batteries Industrial Co. Ltd.		7,000		28,524
Largan Precision Co. Ltd.		14,000		927,377
Lite-On Technology Corp.		310,000		1,178,334
Makalot Industrial Co. Ltd.		33,000		343,783
MediaTek, Inc.		105,000		2,398,774
Micro-Star International Co. Ltd.		156,000		793,554
Novatek Microelectronics Corp.		78,000		1,023,372
Pou Chen Corp.		821,000		728,890
Primax Electronics Ltd.		136,000		291,796
Quanta Computer, Inc.		246,000		1,832,725
Realtek Semiconductor Corp.		48,000		592,360
Shinkong Insurance Co. Ltd.		61,000		114,137
Simplo Technology Co. Ltd.		34,000		353,037
Sinon Corp.		83,000		93,996
SinoPac Financial Holdings Co. Ltd.		358,993		193,783
Taiwan Hon Chuan Enterprise Co. Ltd.		108,000		353,172
Taiwan Semiconductor Manufacturing Co. Ltd.		1,322,000		21,453,538
Teco Electric & Machinery Co. Ltd.		196,000		316,087
Test Research, Inc.		28,000		52,752
Uni-President Enterprises Corp.		249,000		541,373
Unimicron Technology Corp.		136,000		732,477
United Integrated Services Co. Ltd.		42,000		295,827
United Microelectronics Corp.		972,000		1,362,791
Voltronic Power Technology Corp.		10,000		491,013
Walsin Lihwa Corp.		63,000		71,967
Wan Hai Lines Ltd.		12,671		18,977
Winbond Electronics Corp. (a)		348,000		274,928
Wistron Corp.		241,000		761,098
Yang Ming Marine Transport Corp.		123		173
Yuanta Financial Holding Co. Ltd.		1,413,848		1,097,669
Zhen Ding Technology Holding Ltd.		27,000		82,385
				51,063,772
Thailand—1.9%
Advanced Info Service PCL (NVDR)		62,300		389,337
AP Thailand PCL (NVDR)		2,064,300		668,043
Bangkok Bank PCL		70,800		325,685
Bangkok Bank PCL (NVDR)		72,000		331,241
Bangkok Dusit Medical Services PCL (NVDR)		534,900		392,459
Delta Electronics Thailand PCL		266,900		606,549
Ichitan Group PCL		610,300		281,580
Indorama Ventures PCL		172,400		123,101
Indorama Ventures PCL (NVDR)		550,700		392,313
Kiatnakin Phatra Bank PCL (NVDR)		369,700		560,709
Land & Houses PCL (NVDR)		1,238,300		265,103
Siam Cement PCL		605		5,001
SPCG PCL		70,100		23,680
Supalai PCL		654,500		361,289
Supalai PCL (NVDR)		435,200		240,180
Thanachart Capital PCL		164,100		225,335
Tisco Financial Group PCL (NVDR)		266,800		723,868
TMBThanachart Bank PCL		9,730,700		459,644
				6,375,117
Turkey—0.9%
AG Anadolu Grubu Holding AS		12,415		97,499
BIM Birlesik Magazalar AS		26,921		268,390
KOC Holding AS		206,405		1,097,673
Tofas Turk Otomobil Fabrikasi AS		43,338		464,528
Turk Hava Yollari AO (a)		32,297		284,237
Turkiye Is Bankasi AS - Class C		708,828		662,451
Yapi ve Kredi Bankasi AS		255,100		171,052
				3,045,830
United Arab Emirates—1.2%
Abu Dhabi Commercial Bank PJSC		252,344		594,397
Abu Dhabi Islamic Bank PJSC		214,007		655,893
Air Arabia PJSC		514,292		393,439
Dubai Islamic Bank PJSC		387,739		617,596
Emirates NBD Bank PJSC		268,056		1,299,344
Emirates Telecommunications Group Co. PJSC		68,407		380,694
Fertiglobe PLC		117,656		111,809
First Abu Dhabi Bank PJSC		56,467		209,131
				4,262,303
Total Common Stocks (Cost $366,373,035)				335,141,858
Preferred Stocks—2.1%
Brazil—1.6%
Banco Bradesco SA		164,536		468,087
Cia Energetica de Minas Gerais		324,849		802,016
Gerdau SA		181,750		872,493
Itausa SA		586,274		1,055,551
Petroleo Brasileiro SA		320,300		2,207,318
Randon SA Implementos e Participacoes		33,600		77,941
Unipar Carbocloro SA - Class B		15,880		255,992
				5,739,398
Chile—0.0%
Sociedad Quimica y Minera de Chile SA - Class B ,		500		29,737
Colombia—0.0%
Bancolombia SA		14,973		99,379
South Korea—0.5%
Samsung Electronics Co. Ltd.		39,702		1,602,875
Taiwan—0.0%
China Development Financial Holding Corp. (a)		5,460		1,120
Total Preferred Stocks (Cost $6,447,592)				7,472,509
Short-Term Investment—0.2%
Mutual Funds—0.2%
Invesco STIC Prime Portfolio, Institutional Class 5.290% (e)		810,254		810,335
Total Short-Term Investments (Cost $810,335)				810,335

BHFTI-315

Brighthouse Funds Trust I

SSGA Emerging Markets Enhanced Index Portfolio

Schedule of Investments as of September 30, 2023 (Unaudited)

Securities Lending Reinvestments (f)—0.5%

Security Description	Shares/ Principal Amount*		Value
Repurchase Agreements—0.3%
BofA Securities, Inc. Repurchase Agreement dated 09/29/23 at 5.290%, due on 10/02/23 with a maturity value of $249,606; collateralized by U.S. Treasury Obligations with rate 0.000%, maturity dates ranging from 11/15/23 - 11/15/41, and an aggregate market value of $254,486		249,496	$	249,496
Cantor Fitzgerald & Co. Repurchase Agreement dated 09/29/23 at 5.320%, due on 10/02/23 with a maturity value of $128,330; collateralized by U.S. Government Agency Obligations with rates ranging from 1.500% - 7.267%, maturity dates ranging from 02/01/24 - 08/20/71, and an aggregate market value of $130,839		128,273		128,273
Citigroup Global Markets, Inc. Repurchase Agreement dated 09/29/23 at 5.470%, due on 10/06/23 with a maturity value of $41,824; collateralized by U.S. Treasury Obligations with rates ranging from 0.250% - 5.403%, maturity dates ranging from 01/31/24 - 10/31/25, and various Common Stock with an aggregate market value of $42,617		41,780		41,780
HSBC Securities, Inc. Repurchase Agreement dated 09/29/23 at 5.280%, due on 10/02/23 with a maturity value of $300,132; collateralized by U.S. Treasury Obligations with rates ranging from 0.000% - 4.500%, maturity dates ranging from 09/30/23 - 05/15/52, and an aggregate market value of $306,135		300,000		300,000
Santander U.S. Capital Markets LLC Repurchase Agreement dated 09/29/23 at 5.340%, due on 10/02/23 with a maturity value of $225,100; collateralized by U.S. Government Agency Obligations with rates ranging from 2.250% - 6.182%, maturity dates ranging from 08/25/24 - 02/20/71, and an aggregate market value of $229,602		225,000		225,000
TD Prime Services LLC Repurchase Agreement dated 09/29/23 at 5.420%, due on 10/02/23 with a maturity value of $50,023; collateralized by various Common Stock with an aggregate market value of $55,025.		50,000		50,000
				994,549
Mutual Funds—0.2%
Allspring Government Money Market Fund, Select Class 5.270% (e)		50,000		50,000
BlackRock Liquidity Funds FedFund, Institutional Shares 5.230% (e)		50,000		50,000
Dreyfus Treasury Obligations Cash Management Fund, Institutional Class 5.230% (e)		50,000		50,000
Fidelity Investments Money Market Government Portfolio, Class I 5.230% (e)		100,000		100,000
Goldman Sachs Financial Square Government Fund, Institutional Shares 5.240% (e)		50,000		50,000
HSBC U.S. Government Money Market Fund, Class I 5.270% (e)		84,501		84,501
Mutual Funds—(Continued)
Morgan Stanley Liquidity Funds Government Portfolio, Institutional Shares 5.270% (e)		50,000		50,000
RBC U.S. Government Money Market Fund, Institutional Shares 5.270% (e)		100,000		100,000
STIT-Government & Agency Portfolio, Institutional Class 5.260% (e)		50,000		50,000
				584,501
Total Securities Lending Reinvestments (Cost $1,579,050)				1,579,050
Total Investments—100.0% (Cost $375,210,012)				345,003,752
Other assets and liabilities (net)—0.0%				(160,635	)
Net Assets—100.0%			$	344,843,117

*	Principal amount stated in U.S. dollars unless otherwise noted.
†	Restricted securities are not registered under the Securities Act of 1933 and are subject to legal restrictions on resale. These securities generally may be resold in transactions exempt from registration or to the public if the securities are subsequently registered. Disposal of these securities may involve time-consuming negotiations and prompt sale at an acceptable price may be difficult. As of September 30, 2023, 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)	Non-income producing security.
(b)	All or a portion of the security was held on loan. As of September 30, 2023, the market value of securities loaned was $3,184,041 and the collateral received consisted of cash in the amount of $1,579,050 and non-cash collateral with a value of $1,758,384. 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)	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 subject to oversight by the Board of Trustees. As of September 30, 2023, these securities represent less than 0.05% of net assets.
(e)	The rate shown represents the annualized seven-day yield as of September 30, 2023.
(f)	Represents investment of cash collateral received from securities on loan as of September 30, 2023.

Restricted Securities	Acquisition Date		Shares		Cost		Value
Sberbank of Russia PJSC		04/29/19-05/10/21		879,480	$	3,157,857	$	0

Ten Largest Industries as of September 30, 2023 (Unaudited)	% of Net Assets
Banks		15.8
Semiconductors & Semiconductor Equipment		9.1
Technology Hardware, Storage & Peripherals		6.2
Interactive Media & Services		5.3
Oil, Gas & Consumable Fuels		5.3
Broadline Retail		5.1
Metals & Mining		3.9
Automobiles		3.0
Insurance		2.9
Chemicals		2.8

BHFTI-316

Brighthouse Funds Trust I

SSGA Emerging Markets Enhanced Index Portfolio

Schedule of Investments as of September 30, 2023 (Unaudited)

Futures Contracts

Futures Contracts—Long	Expiration Date		Number of Contracts		Notional Amount			Value/ Unrealized Appreciation/ (Depreciation)
MSCI Emerging Markets Index Mini Futures		12/15/23		100		USD	4,777,500	$	(146,912	)

Glossary of Abbreviations

Currencies

(USD)— United States Dollar

Other Abbreviations

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

Fair Value Hierarchy

Accounting principles generally accepted in the United States of America (“GAAP”) define fair market value as the price that the Portfolio would receive to sell an asset or pay to transfer a liability in an orderly transaction between market participants at the measurement date. It establishes a fair value hierarchy that prioritizes inputs to valuation methods and requires disclosure of the fair value hierarchy, separately for each major category of assets and liabilities, that segregates fair value measurements into three levels. Levels 1, 2 and 3 of the fair value hierarchy are defined as follows:

Level 1 - unadjusted quoted prices in active markets for identical investments

Level 2 - other significant observable inputs (including, but not limited to, quoted prices for similar assets or liabilities in markets that are either active or inactive; inputs other than quoted prices that are observable such as interest rates, yield curves, volatilities, prepayment speeds, loss severities, credit risks, default rates, or other market corroborated inputs)

Level 3 - significant unobservable inputs based on the best information available in the circumstances, to the extent observable inputs are unavailable (including the Portfolio’s own assumptions used in determining the fair value of investments and derivative financial instruments)

The inputs or methodologies used for valuing investments are not necessarily an indication of the risk associated with investing in them. Changes to the inputs or methodologies used may result in transfers between levels. A reconciliation of Level 3 securities, if any, will be disclosed following the fair value hierarchy table. For more information about the Portfolio’s policy regarding the valuation of investments, please refer to the Notes to Schedule of Investments.

The following table summarizes the fair value hierarchy of the Portfolio’s investments as of September 30, 2023:

Description	Level 1		Level 2		Level 3		Total
Common Stocks
Brazil	$	12,492,970	$	—	$	—	$	12,492,970
Chile		1,880,148		—		—		1,880,148
China		10,839,402		90,442,893		—		101,282,295
Czech Republic		—		1,126,436		—		1,126,436
Egypt		—		623,505		—		623,505
Greece		36,951		2,203,571		—		2,240,522
Hong Kong		—		939,150		—		939,150
Hungary		—		388,798		—		388,798
India		4,070,337		51,057,619		—		55,127,956
Indonesia		—		7,392,416		—		7,392,416
Malaysia		—		4,253,114		—		4,253,114
Mexico		10,001,395		—		—		10,001,395
Peru		242,659		—		—		242,659
Philippines		—		1,436,132		—		1,436,132
Poland		—		2,608,006		—		2,608,006
Qatar		—		2,799,134		—		2,799,134
Russia		—		—		0		0
Saudi Arabia		—		14,389,597		—		14,389,597
South Africa		—		10,492,903		—		10,492,903
South Korea		—		40,677,700		—		40,677,700
Taiwan		—		51,063,772		—		51,063,772
Thailand		2,411,864		3,963,253		—		6,375,117

BHFTI-317

Brighthouse Funds Trust I

SSGA Emerging Markets Enhanced Index Portfolio

Schedule of Investments as of September 30, 2023 (Unaudited)

Fair Value Hierarchy—(Continued)

Description	Level 1			Level 2			Level 3		Total
Turkey	$	—		$	3,045,830		$	—	$	3,045,830
United Arab Emirates		—			4,262,303			—		4,262,303
Total Common Stocks		41,975,726			293,166,132			0		335,141,858
Preferred Stocks
Brazil		5,739,398			—			—		5,739,398
Chile		29,737			—			—		29,737
Colombia		99,379			—			—		99,379
South Korea		—			1,602,875			—		1,602,875
Taiwan		—			1,120			—		1,120
Total Preferred Stocks		5,868,514			1,603,995			—		7,472,509
Total Short-Term Investment*		810,335			—			—		810,335
Securities Lending Reinvestments
Repurchase Agreements		—			994,549			—		994,549
Mutual Funds		584,501			—			—		584,501
Total Securities Lending Reinvestments		584,501			994,549			—		1,579,050
Total Investments	$	49,239,076		$	295,764,676		$	0	$	345,003,752
Collateral for Securities Loaned (Liability)	$	—		$	(1,579,050	)	$	—	$	(1,579,050	)
Futures Contracts
Futures Contracts (Unrealized Depreciation)	$	(146,912	)	$	—		$	—	$	(146,912	)

* See Schedule of Investments for additional detailed categorizations.

Level 3 investments at the beginning and/or end of the period in relation to net assets were not significant and accordingly, a reconciliation of Level 3 assets for the period ended September 30, 2023 is not presented.

BHFTI-318

Brighthouse Funds Trust I

SSGA Growth and Income ETF Portfolio

Schedule of Investments as of September 30, 2023 (Unaudited)

Mutual Funds—88.6% of Net Assets

Security Description	Shares/ Principal Amount*		Value
Investment Company Securities—88.6%
Consumer Discretionary Select Sector SPDR Fund (a) (b)		198,098	$	31,889,816
Energy Select Sector SPDR Fund (a) (b)		375,370		33,929,694
Industrial Select Sector SPDR Fund (a) (b)		325,205		32,969,283
iShares 0-5 Year TIPS Bond ETF		703,817		68,213,944
iShares 20+ Year Treasury Bond ETF		274,254		24,323,587
iShares Core MSCI Emerging Markets ETF (a)		3,139,527		149,410,090
iShares Core S&P 500 ETF		418,703		179,803,629
iShares Core S&P Mid-Cap ETF (a)		199,101		49,645,834
iShares Core S&P Small-Cap ETF (a)		1,138,550		107,399,421
SPDR Blackstone Senior Loan ETF (a) (b)		1,020,247		42,778,957
SPDR Bloomberg Emerging Markets Local Bond ETF (b)		2,102,717		41,696,878
SPDR Bloomberg High Yield Bond ETF (a) (b)		467,589		42,270,046
SPDR Gold Shares (a) (b) (c)		191,768		32,878,624
SPDR Portfolio Developed World ex-U.S. ETF (a) (b)		5,074,423		157,357,857
SPDR S&P 500 ETF Trust (a) (b)		707,685		302,521,184
SPDR S&P International Small Cap ETF (b)		1,123,085		32,726,697
Vanguard Total Bond Market ETF		1,931,346		134,769,324
Total Mutual Funds (Cost $1,492,144,192)				1,464,584,865
Short-Term Investment—11.3%
Mutual Funds—11.3%
Invesco STIC Prime Portfolio, Institutional Class 5.290% (d)		186,541,158		186,559,812
Total Short-Term Investments (Cost $186,559,812)				186,559,812
Securities Lending Reinvestments (e)—22.5%
Certificates of Deposit—4.7%
Bank of America N.A. 5.700%, FEDEFF PRV + 0.370%, 11/17/23 (f)		7,000,000		7,000,945
Bank of Montreal 6.100%, SOFR + 0.790%, 11/08/23 (f)		5,000,000		5,003,215
Bank of Nova Scotia 5.600%, SOFR + 0.290%, 11/20/23 (f)		5,000,000		5,000,375
BNP Paribas SA 5.760%, SOFR + 0.450%, 10/10/23 (f)		5,000,000		4,999,760
Canadian Imperial Bank of Commerce (NY) 5.710%, SOFR + 0.400%, 10/13/23 (f)		4,000,000		4,000,392
Credit Industriel et Commercial 5.510%, SOFR + 0.200%, 12/01/23 (f)		5,000,000		4,999,560
Mitsubishi UFJ Trust & Banking Corp.
Zero Coupon, 10/20/23		2,000,000		1,993,800
Mizuho Bank Ltd. 5.610%, SOFR + 0.290%, 10/17/23 (f)		5,000,000		5,000,245
MUFG Bank Ltd. (London)
Zero Coupon, 11/20/23		1,000,000		992,190
Nordea Bank Abp 5.660%, SOFR + 0.350%, 10/23/23 (f)		6,000,000		6,000,912
Oversea-Chinese Banking Corp. Ltd. 5.550%, SOFR + 0.230%, 11/13/23 (f)		10,000,000		10,001,460
Certificates of Deposit—(Continued)
Standard Chartered Bank 5.680%, SOFR + 0.370%, 03/12/24 (f)		2,000,000		2,000,000
Sumitomo Mitsui Banking Corp. 5.770%, SOFR + 0.460%, 01/11/24 (f)		5,000,000		5,004,655
Sumitomo Mitsui Trust Bank Ltd. 5.580%, SOFR + 0.270%, 10/23/23 (f)		6,000,000		6,000,318
Svenska Handelsbanken AB 5.840%, SOFR + 0.520%, 04/19/24 (f)		5,000,000		5,003,025
Toronto-Dominion Bank 5.780%, FEDEFF PRV + 0.450%, 10/13/23 (f)		5,000,000		5,000,475
				78,001,327
Commercial Paper—1.5%
Bedford Row Funding Corp. 5.560%, SOFR + 0.250%, 10/17/23 (f)		5,000,000		5,000,265
National Australia Bank Ltd. 5.660%, SOFR + 0.350%, 12/05/23 (f)		7,000,000		7,001,540
Old Line Funding LLC 5.620%, SOFR + 0.300%, 12/28/23 (f)		2,000,000		1,999,998
Skandinaviska Enskilda Banken AB
5.680%, SOFR + 0.360%, 11/15/23 (f)		4,000,000		4,001,080
5.700%, SOFR + 0.380%, 12/15/23 (f)		7,000,000		7,002,800
				25,005,683
Repurchase Agreements—9.7%
Barclays Bank PLC Repurchase Agreement dated 09/29/23 at 5.670%, due on 01/02/24 with a maturity value of $10,149,625; collateralized by various Common Stock with an aggregate market value of $11,143,961.		10,000,000		10,000,000
Cantor Fitzgerald & Co. Repurchase Agreement dated 09/29/23 at 5.320%, due on 10/02/23 with a maturity value of $11,054,899; collateralized by U.S. Government Agency Obligations with rates ranging from 1.500% - 7.267%, maturity dates ranging from 02/01/24 - 08/20/71, and an aggregate market value of $11,271,000.		11,050,000		11,050,000
Citigroup Global Markets, Inc.
Repurchase Agreement dated 09/29/23 at 5.620%, due on 11/03/23 with a maturity value of $5,027,319; collateralized by U.S. Treasury Obligations with rates ranging from 0.125% - 4.250%, maturity dates ranging from 07/15/25 - 11/30/28, and various Common Stock with an aggregate market value of $5,100,366.		5,000,000		5,000,000
Repurchase Agreement dated 09/29/23 at 5.870%, due on 04/01/24 with a maturity value of $10,301,653; collateralized by U.S. Treasury Obligations with rates ranging from 2.000% - 2.875%, maturity dates ranging from 02/15/25 - 05/15/49, and various Common Stock with an aggregate market value of $10,629,713.		10,000,000		10,000,000

BHFTI-319

Brighthouse Funds Trust I

SSGA Growth and Income ETF Portfolio

Schedule of Investments as of September 30, 2023 (Unaudited)

Securities Lending Reinvestments (e)—(Continued)

Security Description	Shares/ Principal Amount*		Value
Repurchase Agreements—(Continued)
ING Financial Markets LLC Repurchase Agreement dated 09/29/23 at 5.300%, due on 10/02/23 with a maturity value of $49,446,463; collateralized by U.S. Treasury Obligations with rates ranging from 0.000% - 4.500%, maturity dates ranging from 10/12/23 - 02/15/50, and an aggregate market value of $50,413,129.		49,424,633	$	49,424,633
National Bank Financial, Inc. Repurchase Agreement dated 09/29/23 at 5.320%, due on 10/02/23 with a maturity value of $950,421; collateralized by U.S. Treasury Obligations with rates ranging from 0.625% - 3.875%, maturity dates ranging from 01/15/26 - 11/15/41, and an aggregate market value of $973,541.		950,000		950,000
National Bank of Canada
Repurchase Agreement dated 09/29/23 at 5.320%, due on 10/06/23 with a maturity value of $13,513,965; collateralized by U.S. Treasury Obligations with rates ranging from 0.000% - 4.000%, maturity dates ranging from 10/12/23 - 02/15/32, and an aggregate market value of $13,834,524.		13,500,000		13,500,000
Repurchase Agreement dated 09/29/23 at 5.450%, due on 10/06/23 with a maturity value of $18,019,075; collateralized by various Common Stock with an aggregate market value of $20,087,773.		18,000,000		18,000,000
Natwest Markets Securities, Inc. Repurchase Agreement dated 09/29/23 at 5.280%, due on 10/02/23 with a maturity value of $32,258,553; collateralized by U.S. Treasury Obligations with rates ranging from 0.375% - 3.875%, maturity dates ranging from 01/31/24 - 08/31/29, and an aggregate market value of $32,903,735.		32,244,365		32,244,365
Royal Bank of Canada Toronto Repurchase Agreement dated 09/29/23 at 5.590%, due on 11/03/23 with a maturity value of $10,054,347; collateralized by various Common Stock with an aggregate market value of $11,112,836.		10,000,000		10,000,000
				160,168,998
Time Deposits—2.1%
Barclays (NY) 5.330%, 10/02/23		3,000,000		3,000,000
First Abu Dhabi Bank USA NV 5.320%, 10/02/23		15,000,000		15,000,000
National Bank of Canada
5.370%, OBFR + 0.050%, 10/06/23 (f)		7,000,000		7,000,000
5.390%, OBFR + 0.070%, 10/06/23 (f)		10,000,000		10,000,000
				35,000,000
Mutual Funds—4.5%
Dreyfus Treasury Obligations Cash Management Fund, Institutional Class 5.230% (d)		30,000,000		30,000,000
Fidelity Investments Money Market Government Portfolio, Class I 5.230% (d)		10,000,000		10,000,000
Mutual Funds—(Continued)
Goldman Sachs Financial Square Government Fund, Institutional Shares 5.240% (d)		10,000,000		10,000,000
Morgan Stanley Liquidity Funds Government Portfolio, Institutional Shares 5.270% (d)		20,000,000		20,000,000
STIT-Government & Agency Portfolio, Institutional Class 5.260% (d)		5,000,000		5,000,000
				75,000,000
Total Securities Lending Reinvestments (Cost $373,155,954)				373,176,008
Total Investments—122.4% (Cost $2,051,859,958)				2,024,320,685
Other assets and liabilities (net)—(22.4)%				(371,127,345	)
Net Assets—100.0%			$	1,653,193,340

*	Principal amount stated in U.S. dollars unless otherwise noted.
(a)	All or a portion of the security was held on loan. As of September 30, 2023, the market value of securities loaned was $462,132,040 and the collateral received consisted of cash in the amount of $373,126,188 and non-cash collateral with a value of $100,987,440. 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)	Non-income producing security.
(d)	The rate shown represents the annualized seven-day yield as of September 30, 2023.
(e)	Represents investment of cash collateral received from securities on loan as of September 30, 2023.
(f)	Variable or floating rate security. The stated rate represents the rate at September 30, 2023. 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

(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-320

Brighthouse Funds Trust I

SSGA Growth and Income ETF Portfolio

Schedule of Investments as of September 30, 2023 (Unaudited)

Fair Value Hierarchy

Accounting principles generally accepted in the United States of America (“GAAP”) define fair market value as the price that the Portfolio would receive to sell an asset or pay to transfer a liability in an orderly transaction between market participants at the measurement date. It establishes a fair value hierarchy that prioritizes inputs to valuation methods and requires disclosure of the fair value hierarchy, separately for each major category of assets and liabilities, that segregates fair value measurements into three levels. Levels 1, 2 and 3 of the fair value hierarchy are defined as follows:

Level 1 - unadjusted quoted prices in active markets for identical investments

Level 2 - other significant observable inputs (including, but not limited to, quoted prices for similar assets or liabilities in markets that are either active or inactive; inputs other than quoted prices that are observable such as interest rates, yield curves, volatilities, prepayment speeds, loss severities, credit risks, default rates, or other market corroborated inputs)

Level 3 - significant unobservable inputs based on the best information available in the circumstances, to the extent observable inputs are unavailable (including the Portfolio’s own assumptions used in determining the fair value of investments and derivative financial instruments)

The inputs or methodologies used for valuing investments are not necessarily an indication of the risk associated with investing in them. Changes to the inputs or methodologies used may result in transfers between levels. A reconciliation of Level 3 securities, if any, will be disclosed following the fair value hierarchy table. For more information about the Portfolio’s policy regarding the valuation of investments, please refer to the Notes to Schedule of Investments.

The following table summarizes the fair value hierarchy of the Portfolio’s investments as of September 30, 2023:

Description	Level 1		Level 2			Level 3		Total
Mutual Funds
Investment Company Securities	$	1,464,584,865	$	—		$	—	$	1,464,584,865
Total Short-Term Investment*		186,559,812		—			—		186,559,812
Securities Lending Reinvestments
Certificates of Deposit		—		78,001,327			—		78,001,327
Commercial Paper		—		25,005,683			—		25,005,683
Repurchase Agreements		—		160,168,998			—		160,168,998
Time Deposits		—		35,000,000			—		35,000,000
Mutual Funds		75,000,000		—			—		75,000,000
Total Securities Lending Reinvestments		75,000,000		298,176,008			—		373,176,008
Total Investments	$	1,726,144,677	$	298,176,008		$	—	$	2,024,320,685
Collateral for Securities Loaned (Liability)	$	—	$	(373,126,188	)	$	—	$	(373,126,188	)

* See Schedule of Investments for additional detailed categorizations.

BHFTI-321

Brighthouse Funds Trust I

SSGA Growth ETF Portfolio

Schedule of Investments as of September 30, 2023 (Unaudited)

Mutual Funds—93.4% of Net Assets

Security Description	Shares/ Principal Amount*		Value
Investment Company Securities—93.4%
Consumer Discretionary Select Sector SPDR Fund (a)(b)		125,424	$	20,190,756
Energy Select Sector SPDR Fund (a)(b)		236,782		21,402,725
Industrial Select Sector SPDR Fund (a)(b)		205,522		20,835,820
iShares 20+ Year Treasury Bond ETF (b)		76,965		6,826,026
iShares Core MSCI Emerging Markets ETF		1,689,833		80,419,152
iShares Core S&P 500 ETF (b)		208,421		89,502,230
iShares Core S&P Mid-Cap ETF (b)		125,813		31,371,472
iShares Core S&P Small-Cap ETF (b)		627,244		59,167,926
SPDR Blackstone Senior Loan ETF (a)(b)		258,301		10,830,561
SPDR Bloomberg Emerging Markets Local Bond ETF (a)(b)		531,273		10,535,144
SPDR Bloomberg High Yield Bond ETF (a)(b)		118,127		10,678,681
SPDR Gold Shares (a)(b)(c)		121,131		20,767,910
SPDR Portfolio Developed World ex-U.S. ETF (a)(b)		3,146,010		97,557,770
SPDR S&P 500 ETF Trust (a)(b)		338,559		144,727,201
SPDR S&P International Small Cap ETF (a)(b)		710,895		20,715,480
Total Mutual Funds (Cost $654,894,267)				645,528,854
Short-Term Investment—6.5%
Mutual Funds—6.5%
Invesco STIC Prime Portfolio, Institutional Class 5.290% (f)		45,177,977		45,182,495
Total Short-Term Investments (Cost $45,182,495)				45,182,495
Securities Lending Reinvestments(d)—22.5%
Certificates of Deposit—3.6%
Bank of America N.A. 5.700%, FEDEFF PRV + 0.370%, 11/17/23 (e)		2,000,000		2,000,270
BNP Paribas SA 5.760%, SOFR + 0.450%, 10/10/23 (e)		3,000,000		2,999,856
Canadian Imperial Bank of Commerce (NY) 5.710%, SOFR + 0.400%, 10/13/23 (e)		3,000,000		3,000,294
Credit Agricole Corporate & Investment Bank 5.570%, 11/01/23		1,000,000		1,000,133
Credit Industriel et Commercial 5.510%, SOFR + 0.200%, 12/01/23 (e)		4,000,000		3,999,648
Mitsubishi UFJ Trust & Banking Corp. Zero Coupon, 10/20/23		1,000,000		996,900
Mizuho Bank Ltd. 5.610%, SOFR + 0.290%, 10/17/23 (e)		2,000,000		2,000,098
MUFG Bank Ltd. (London) Zero Coupon, 10/18/23		1,000,000		997,200
Nordea Bank Abp 5.660%, SOFR + 0.350%, 10/23/23 (e)		3,000,000		3,000,456
Oversea-Chinese Banking Corp. Ltd. 5.550%, SOFR + 0.230%, 11/13/23 (e)		2,000,000		2,000,292
Toronto-Dominion Bank 5.730%, FEDEFF PRV + 0.400%, 02/13/24 (e)		3,000,000		3,001,740
				24,996,887
Commercial Paper—0.9%
Skandinaviska Enskilda Banken AB 5.680%, SOFR + 0.360%, 11/15/23 (e)		3,000,000		3,000,810
UBS AG 5.600%, SOFR + 0.280%, 11/27/23 (e)		3,000,000		3,000,000
				6,000,810
Repurchase Agreements—12.4%
Cantor Fitzgerald & Co. Repurchase Agreement dated 09/29/23 at 5.320%, due on 10/02/23 with a maturity value of $15,006,650; collateralized by U.S. Government Agency Obligations with rates ranging from 1.500% - 7.267%, maturity dates ranging from 02/01/24 - 08/20/71, and an aggregate market value of $15,300,000.		15,000,000		15,000,000
Citigroup Global Markets, Inc.
Repurchase Agreement dated 09/29/23 at 5.470%, due on 10/06/23 with a maturity value of $1,701,808; collateralized by U.S. Treasury Obligations with rates ranging from 0.250% - 5.403%, maturity dates ranging from 01/31/24 - 10/31/25, and various Common Stock with an aggregate market value of $1,734,042.		1,700,000		1,700,000
Repurchase Agreement dated 09/29/23 at 5.620%, due on 11/03/23 with a maturity value of $4,021,856; collateralized by U.S. Treasury Obligations with rates ranging from 0.125% - 4.250%, maturity dates ranging from 07/15/25 - 11/30/28, and various Common Stock with an aggregate market value of $4,080,292.		4,000,000		4,000,000
Repurchase Agreement dated 09/29/23 at 5.870%, due on 04/01/24 with a maturity value of $5,150,826; collateralized by U.S. Treasury Obligations with rates ranging from 2.000% - 2.875%, maturity dates ranging from 02/15/25 - 05/15/49, and various Common Stock with an aggregate market value of $5,314,856.		5,000,000		5,000,000
ING Financial Markets LLC. Repurchase Agreement dated 09/29/23 at 5.300%, due on 10/02/23 with a maturity value of $32,392,108; collateralized by U.S. Treasury Obligations with rates ranging from 0.000% - 4.500%, maturity dates ranging from 10/12/23 - 02/15/50, and an aggregate market value of $33,025,366.		32,377,808		32,377,808
National Bank of Canada Repurchase Agreement dated 09/29/23 at 5.320%, due on 10/06/23 with a maturity value of $6,006,207; collateralized by U.S. Treasury Obligations with rates ranging from 0.000% - 4.000%, maturity dates ranging from 10/12/23 - 02/15/32, and an aggregate market value of $6,148,677.		6,000,000		6,000,000
Natwest Markets Securities, Inc. Repurchase Agreement dated 09/29/23 at 5.280%, due on 10/02/23 with a maturity value of $20,008,800; collateralized by U.S. Treasury Obligations with rates ranging from 0.375% - 3.875%, maturity dates ranging from 01/31/24 - 08/31/29, and an aggregate market value of $20,408,983.		20,000,000		20,000,000
Societe Generale Repurchase Agreement dated 09/29/23 at 5.420%, due on 10/02/23 with a maturity value of $1,700,768; collateralized by various Common Stock with an aggregate market value of $1,892,132.		1,700,000		1,700,000
				85,777,808

BHFTI-322

Brighthouse Funds Trust I

SSGA Growth ETF Portfolio

Schedule of Investments as of September 30, 2023 (Unaudited)

Securities Lending Reinvestments (d)—(Continued)

Security Description	Shares/ Principal Amount*		Value
Time Deposit—0.7%
First Abu Dhabi Bank USA NV 5.320%, 10/02/23		5,000,000	$	5,000,000
Mutual Funds—4.9%
Dreyfus Treasury Obligations Cash Management Fund, Institutional Class 5.230% (f)		15,000,000		15,000,000
Fidelity Investments Money Market Government Portfolio, Class I 5.230% (f)		1,000,000		1,000,000
Goldman Sachs Financial Square Government Fund, Institutional Shares 5.240% (f)		1,000,000		1,000,000
HSBC U.S. Government Money Market Fund, Class I 5.270% (f)		1,000,000		1,000,000
RBC U.S. Government Money Market Fund, Institutional Shares 5.270% (f)		10,000,000		10,000,000
STIT-Government & Agency Portfolio, Institutional Class 5.260% (f)		5,000,000		5,000,000
Western Asset Institutional Government Reserves Fund, Institutional Class 5.250% (f)		1,000,000		1,000,000
				34,000,000
Total Securities Lending Reinvestments (Cost $155,772,569)				155,775,505
Total Investments— 122.4% (Cost $855,849,331)				846,486,854
Other assets and liabilities (net)—(22.4)%				(154,973,912	)
Net Assets—100.0%			$	691,512,942

*	Principal amount stated in U.S. dollars unless otherwise noted.
(a)	Affiliated Issuer.
(b)	All or a portion of the security was held on loan. As of September 30, 2023, the market value of securities loaned was $196,964,679 and the collateral received consisted of cash in the amount of $155,749,466 and non-cash collateral with a value of $46,364,425. The cash collateral investments are disclosed in the Schedule of Investments and categorized as Securities Lending Reinvestments. The non-cash collateral received consists of U.S. government securities that are held in safe-keeping by the lending agent, or a third-party custodian, and cannot be sold or repledged by the Portfolio.
(c)	Non-income producing security.
(d)	Represents investment of cash collateral received from securities on loan as of September 30, 2023.
(e)	Variable or floating rate security. The stated rate represents the rate at September 30, 2023. Maturity date shown for callable securities reflects the earliest possible call date. For securities based on a published reference index and spread, the index and spread are indicated in the description above. For certain variable rate securities, the coupon rate is determined by the issuer/agent based on current market conditions. For certain asset- and mortgage-backed securities, the coupon rate may fluctuate based on changes of the underlying collateral or prepayments of principal. These securities do not indicate a reference index and spread in their description above.
(f)	The rate shown represents the annualized seven-day yield as of September 30, 2023.

Glossary of Abbreviations

Index Abbreviations

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

Other Abbreviations

(ETF) — Exchange-Traded Fund

BHFTI-323

Brighthouse Funds Trust I

SSGA Growth ETF Portfolio

Consolidated Schedule of Investments as of September 30, 2023 (Unaudited)

Fair Value Hierarchy

Accounting principles generally accepted in the United States of America (“GAAP”) define fair market value as the price that the Portfolio would receive to sell an asset or pay to transfer a liability in an orderly transaction between market participants at the measurement date. It establishes a fair value hierarchy that prioritizes inputs to valuation methods and requires disclosure of the fair value hierarchy, separately for each major category of assets and liabilities, that segregates fair value measurements into three levels. Levels 1, 2 and 3 of the fair value hierarchy are defined as follows:

Level 1 - unadjusted quoted prices in active markets for identical investments

Level 2 - other significant observable inputs (including, but not limited to, quoted prices for similar assets or liabilities in markets that are either active or inactive; inputs other than quoted prices that are observable such as interest rates, yield curves, volatilities, prepayment speeds, loss severities, credit risks, default rates, or other market corroborated inputs)

Level 3 - significant unobservable inputs based on the best information available in the circumstances, to the extent observable inputs are unavailable (including the Portfolio’s own assumptions used in determining the fair value of investments and derivative financial instruments)

The inputs or methodologies used for valuing investments are not necessarily an indication of the risk associated with investing in them. Changes to the inputs or methodologies used may result in transfers between levels. A reconciliation of Level 3 securities, if any, will be disclosed following the fair value hierarchy table. For more information about the Portfolio’s policy regarding the valuation of investments, please refer to the Notes to Schedule of Investments.

The following table summarizes the fair value hierarchy of the Portfolio’s investments as of September 30, 2023:

Description	Level 1		Level 2			Level 3		Total
Mutual Funds
Investment Company Securities	$	645,528,854	$	—		$	—	$	645,528,854
Total Short-Term Investment*		45,182,495		—			—		45,182,495
Securities Lending Reinvestments
Certificates of Deposit		—		24,996,887			—		24,996,887
Commercial Paper		—		6,000,810			—		6,000,810
Repurchase Agreements		—		85,777,808			—		85,777,808
Time Deposit		—		5,000,000			—		5,000,000
Mutual Funds		34,000,000		—			—		34,000,000
Total Securities Lending Reinvestments		34,000,000		121,775,505			—		155,775,505
Total Investments	$	724,711,349	$	121,775,505		$	—	$	846,486,854
Collateral for Securities Loaned (Liability)	$	—	$	(155,749,466	)	$	—	$	(155,749,466	)

* See Schedule of Investments for additional detailed categorizations.

BHFTI-324

Brighthouse Funds Trust I

T. Rowe Price Large Cap Value Portfolio

Schedule of Investments as of September 30, 2023 (Unaudited)

Common Stocks—98.0% of Net Assets

Security Description	Shares		Value
Aerospace & Defense—2.4%
Boeing Co. (a)		53,000	$	10,159,040
L3Harris Technologies, Inc.		273,031		47,540,158
				57,699,198
Air Freight & Logistics—0.7%
United Parcel Service, Inc. - Class B		114,034		17,774,480
Banks—8.5%
Bank of America Corp.		2,046,184		56,024,518
Fifth Third Bancorp (b)		1,078,598		27,320,887
Huntington Bancshares, Inc.		2,348,325		24,422,580
U.S. Bancorp (b)		1,050,573		34,731,944
Wells Fargo & Co.		1,604,126		65,544,588
				208,044,517
Beverages—0.8%
Coca-Cola Co.		329,322		18,435,446
Biotechnology—0.5%
AbbVie, Inc.		87,631		13,062,277
Broadline Retail—0.4%
Kohl’s Corp. (b)		490,506		10,281,006
Capital Markets—0.3%
Charles Schwab Corp.		139,000		7,631,100
Chemicals—1.8%
CF Industries Holdings, Inc. (b)		332,533		28,511,379
RPM International, Inc.		177,186		16,799,005
				45,310,384
Consumer Staples Distribution & Retail—2.5%
Walmart, Inc.		389,907		62,357,827
Containers & Packaging—1.0%
International Paper Co.		672,372		23,849,035
Diversified Telecommunication Services—1.0%
Verizon Communications, Inc.		744,306		24,122,957
Electric Utilities—3.3%
NextEra Energy, Inc.		124,000		7,103,960
Southern Co.		1,155,767		74,801,240
				81,905,200
Energy Equipment & Services—0.7%
Baker Hughes Co.		463,000		16,353,160
Entertainment—0.3%
Walt Disney Co. (a)		100,627		8,155,818
Financial Services—3.5%
Equitable Holdings, Inc.		1,131,262		32,116,528
Fiserv, Inc. (a)		470,905		53,193,429
				85,309,957
Food Products—2.4%
Conagra Brands, Inc. (b)		1,465,007		40,170,492
Tyson Foods, Inc. - Class A		361,000		18,226,890
				58,397,382
Ground Transportation—2.3%
Norfolk Southern Corp.		121,000		23,828,530
Union Pacific Corp.		161,184		32,821,898
				56,650,428
Health Care Equipment & Supplies—6.4%
Baxter International, Inc.		848,000		32,003,520
Becton Dickinson & Co.		199,493		51,574,925
Medtronic PLC		534,049		41,848,080
Zimmer Biomet Holdings, Inc.		281,998		31,645,816
				157,072,341
Health Care Providers & Services—5.9%
Cigna Group		147,658		42,240,524
CVS Health Corp.		440,907		30,784,127
Elevance Health, Inc.		132,564		57,721,017
Humana, Inc.		27,059		13,164,744
				143,910,412
Hotels, Restaurants & Leisure—0.6%
Las Vegas Sands Corp.		303,835		13,927,796
Household Products—2.2%
Colgate-Palmolive Co.		384,626		27,350,755
Kimberly-Clark Corp.		220,241		26,616,125
				53,966,880
Industrial Conglomerates—3.6%
3M Co.		86,000		8,051,320
General Electric Co.		339,082		37,485,515
Siemens AG (ADR) (b)		590,870		42,217,662
				87,754,497
Insurance—6.8%
American International Group, Inc.		893,290		54,133,374
Chubb Ltd.		342,250		71,249,605
Hartford Financial Services Group, Inc.		574,397		40,730,491
				166,113,470
IT Services—0.7%
Accenture PLC - Class A		59,490		18,269,974
Machinery—2.7%
Cummins, Inc.		141,475		32,321,378
Stanley Black & Decker, Inc.		417,836		34,922,733
				67,244,111
Media—1.8%
News Corp. - Class A (b)		2,163,490		43,399,609

BHFTI-325

Brighthouse Funds Trust I

T. Rowe Price Large Cap Value Portfolio

Schedule of Investments as of September 30, 2023 (Unaudited)

Common Stocks—(Continued)

Security Description	Shares		Value
Multi-Utilities—3.1%
Ameren Corp.		289,832	$	21,688,128
Dominion Energy, Inc. (b)		647,383		28,918,599
Sempra		387,004		26,327,882
				76,934,609
Oil, Gas & Consumable Fuels—9.2%
ConocoPhillips		162,893		19,514,582
EOG Resources, Inc.		143,937		18,245,454
EQT Corp. (b)		533,000		21,629,140
Exxon Mobil Corp.		371,890		43,726,826
Suncor Energy, Inc.		780,136		26,821,076
TC Energy Corp. (b)		315,775		10,865,818
TotalEnergies SE (ADR)		1,077,303		70,843,445
Williams Cos., Inc.		432,267		14,563,075
				226,209,416
Passenger Airlines—0.6%
Southwest Airlines Co. (b)		547,505		14,820,960
Personal Care Products—1.0%
Kenvue, Inc.		1,265,439		25,410,015
Pharmaceuticals—6.3%
Bristol-Myers Squibb Co.		308,443		17,902,032
Elanco Animal Health, Inc. (a)		1,295,184		14,557,868
Johnson & Johnson		400,839		62,430,674
Merck & Co., Inc.		235,863		24,282,096
Pfizer, Inc.		1,061,630		35,214,267
				154,386,937
Residential REITs—2.0%
AvalonBay Communities, Inc.		279,402		47,984,499
Semiconductors & Semiconductor Equipment—4.8%
Applied Materials, Inc.		70,336		9,738,019
Micron Technology, Inc. (b)		429,597		29,225,484
QUALCOMM, Inc.		608,092		67,534,697
Texas Instruments, Inc.		64,056		10,185,545
				116,683,745
Software—0.9%
Microsoft Corp.		73,686		23,266,355
Specialized REITs—1.7%
Weyerhaeuser Co.		1,353,778		41,506,833
Specialty Retail—0.6%
Best Buy Co., Inc.		207,676		14,427,252
Technology Hardware, Storage & Peripherals—2.0%
Western Digital Corp. (a)		1,058,800		48,313,044
Tobacco—2.7%
Philip Morris International, Inc.		725,819		67,196,323
Total Common Stocks (Cost $2,263,745,566)				2,404,139,250
Short-Term Investment—1.5%
Mutual Funds—1.5%
T. Rowe Price Treasury Reserve Fund (c)		36,365,540		36,365,540
Total Short-Term Investments (Cost $36,365,540)				36,365,540
Securities Lending Reinvestments (d)—2.6%
Certificates of Deposit—0.3%
Barclays Bank PLC 5.720%, SOFR + 0.400%, 02/14/24 (e)		1,000,000		1,000,072
BNP Paribas SA 5.760%, SOFR + 0.450%, 10/10/23 (e)		1,000,000		999,952
Canadian Imperial Bank of Commerce (NY) 5.710%, SOFR + 0.400%, 10/13/23 (e)		1,000,000		1,000,098
Credit Agricole Corporate & Investment Bank 5.570%, 11/01/23		1,000,000		1,000,133
Credit Industriel et Commercial 5.510%, SOFR + 0.200%, 12/01/23 (e)		1,000,000		999,912
Mizuho Bank Ltd. 5.610%, SOFR + 0.290%, 10/17/23 (e)		1,000,000		1,000,049
Sumitomo Mitsui Trust Bank Ltd. 5.580%, SOFR + 0.270%, 10/23/23 (e)		1,000,000		1,000,053
Svenska Handelsbanken AB 5.660%, SOFR + 0.340%, 10/31/23 (e)		1,000,000		1,000,105
				8,000,374
Commercial Paper—0.1%
UBS AG 5.600%, SOFR + 0.280%, 11/27/23 (e)		1,000,000		1,000,000
Repurchase Agreements—1.4%
Bank of Nova Scotia Repurchase Agreement dated 09/29/23 at 5.450%, due on 10/02/23 with a maturity value of $1,000,454; collateralized by various Common Stock with an aggregate market value of $1,111,952.		1,000,000		1,000,000
Cantor Fitzgerald & Co. Repurchase Agreement dated 09/29/23 at 5.320%, due on 10/02/23 with a maturity value of $8,620,103; collateralized by U.S. Government Agency Obligations with rates ranging from 1.500% - 7.267%, maturity dates ranging from 02/01/24 - 08/20/71, and an aggregate market value of $8,788,609.		8,616,283		8,616,283

BHFTI-326

Brighthouse Funds Trust I

T. Rowe Price Large Cap Value Portfolio

Schedule of Investments as of September 30, 2023 (Unaudited)

Securities Lending Reinvestments (d)—(Continued)

Security Description	Principal Amount*		Value
Repurchase Agreements—(Continued)
Citigroup Global Markets, Inc.
Repurchase Agreement dated 09/29/23 at 5.470%, due on 10/06/23 with a maturity value of $700,745; collateralized by U.S. Treasury Obligations with rates ranging from 0.250% - 5.403%, maturity dates ranging from 01/31/24 - 10/31/25, and various Common Stock with an aggregate market value of $714,017.		700,000	$	700,000
Repurchase Agreement dated 09/29/23 at 5.620%, due on 11/03/23 with a maturity value of $5,027,319; collateralized by U.S. Treasury Obligations with rates ranging from 0.125% - 4.250%, maturity dates ranging from 07/15/25 - 11/30/28, and various Common Stock with an aggregate market value of $5,100,366.		5,000,000		5,000,000
Repurchase Agreement dated 09/29/23 at 5.870%, due on 04/01/24 with a maturity value of $2,060,331; collateralized by U.S. Treasury Obligations with rates ranging from 2.000% - 2.875%, maturity dates ranging from 02/15/25 - 05/15/49, and various Common Stock with an aggregate market value of $2,125,943.		2,000,000		2,000,000
ING Financial Markets LLC Repurchase Agreement dated 09/29/23 at 5.300%, due on 10/02/23 with a maturity value of $10,052,723; collateralized by U.S. Treasury Obligations with rates ranging from 0.000% - 4.500%, maturity dates ranging from 10/12/23 - 02/15/50, and an aggregate market value of $10,249,252.		10,048,285		10,048,285
National Bank Financial, Inc. Repurchase Agreement dated 09/29/23 at 5.320%, due on 10/02/23 with a maturity value of $1,000,443; collateralized by U.S. Treasury Obligations with rates ranging from 0.625% - 3.875%, maturity dates ranging from 01/15/26 - 11/15/41, and an aggregate market value of $1,024,780.		1,000,000		1,000,000
National Bank of Canada Repurchase Agreement dated 09/29/23 at 5.320%, due on 10/06/23 with a maturity value of $2,602,690; collateralized by U.S. Treasury Obligations with rates ranging from 0.000% - 4.000%, maturity dates ranging from 10/12/23 - 02/15/32, and an aggregate market value of $2,664,427.		2,600,000		2,600,000
Societe Generale Repurchase Agreement dated 09/29/23 at 5.420%, due on 10/02/23 with a maturity value of $500,226; collateralized by various Common Stock with an aggregate market value of $556,509.		500,000		500,000
TD Prime Services LLC Repurchase Agreement dated 09/29/23 at 5.420%, due on 10/02/23 with a maturity value of $2,501,129; collateralized by various Common Stock with an aggregate market value of $2,751,244.		2,500,000		2,500,000
				33,964,568
Time Deposit—0.0%
National Bank of Canada 5.370%, OBFR + 0.050%, 10/06/23 (e)		1,000,000		1,000,000
Mutual Funds—0.8%
BlackRock Liquidity Funds FedFund, Institutional Shares 5.230% (f)		5,000,000		5,000,000
Dreyfus Treasury Obligations Cash Management Fund, Institutional Class 5.230% (f)		5,000,000		5,000,000
Morgan Stanley Liquidity Funds Government Portfolio, Institutional Shares 5.270% (f)		5,000,000		5,000,000
STIT-Government & Agency Portfolio, Institutional Class 5.260% (f)		5,000,000		5,000,000
				20,000,000
Total Securities Lending Reinvestments (Cost $63,964,568)				63,964,942
Total Investments—102.1% (Cost $2,364,075,674)				2,504,469,732
Other assets and liabilities (net)—(2.1)%				(50,831,588	)
Net Assets—100.0%			$	2,453,638,144

*	Principal amount stated in U.S. dollars unless otherwise noted.
(a)	Non-income producing security.
(b)	All or a portion of the security was held on loan. As of September 30, 2023, the market value of securities loaned was $76,680,129 and the collateral received consisted of cash in the amount of $63,964,568 and non-cash collateral with a value of $13,830,806. 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)	Affiliated Issuer.
(d)	Represents investment of cash collateral received from securities on loan as of September 30, 2023.
(e)	Variable or floating rate security. The stated rate represents the rate at September 30, 2023. Maturity date shown for callable securities reflects the earliest possible call date. For securities based on a published reference index and spread, the index and spread are indicated in the description above. For certain variable rate securities, the coupon rate is determined by the issuer/agent based on current market conditions. For certain asset- and mortgage-backed securities, the coupon rate may fluctuate based on changes of the underlying collateral or prepayments of principal. These securities do not indicate a reference index and spread in their description above.
(f)	The rate shown represents the annualized seven-day yield as of September 30, 2023.

Glossary of Abbreviations

Index Abbreviations

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

Other Abbreviations

(ADR)—	American Depositary Receipt
(REIT)—	Real Estate Investment Trust

BHFTI-327

Brighthouse Funds Trust I

T. Rowe Price Large Cap Value Portfolio

Schedule of Investments as of September 30, 2023 (Unaudited)

Fair Value Hierarchy

Accounting principles generally accepted in the United States of America (“GAAP”) define fair market value as the price that the Portfolio would receive to sell an asset or pay to transfer a liability in an orderly transaction between market participants at the measurement date. It establishes a fair value hierarchy that prioritizes inputs to valuation methods and requires disclosure of the fair value hierarchy, separately for each major category of assets and liabilities, that segregates fair value measurements into three levels. Levels 1, 2 and 3 of the fair value hierarchy are defined as follows:

Level 1 - unadjusted quoted prices in active markets for identical investments

Level 2 - other significant observable inputs (including, but not limited to, quoted prices for similar assets or liabilities in markets that are either active or inactive; inputs other than quoted prices that are observable such as interest rates, yield curves, volatilities, prepayment speeds, loss severities, credit risks, default rates, or other market corroborated inputs)

Level 3 - significant unobservable inputs based on the best information available in the circumstances, to the extent observable inputs are unavailable (including the Portfolio’s own assumptions used in determining the fair value of investments and derivative financial instruments)

The inputs or methodologies used for valuing investments are not necessarily an indication of the risk associated with investing in them. Changes to the inputs or methodologies used may result in transfers between levels. A reconciliation of Level 3 securities, if any, will be disclosed following the fair value hierarchy table. For more information about the Portfolio’s policy regarding the valuation of investments, please refer to the Notes to Schedule of Investments.

The following table summarizes the fair value hierarchy of the Portfolio’s investments as of September 30, 2023:

Description	Level 1		Level 2			Level 3		Total
Total Common Stocks*	$	2,404,139,250	$	—		$	—	$	2,404,139,250
Total Short-Term Investment*		36,365,540		—			—		36,365,540
Securities Lending Reinvestments
Certificates of Deposit		—		8,000,374			—		8,000,374
Commercial Paper		—		1,000,000			—		1,000,000
Repurchase Agreements		—		33,964,568			—		33,964,568
Time Deposit		—		1,000,000			—		1,000,000
Mutual Funds		20,000,000		—			—		20,000,000
Total Securities Lending Reinvestments		20,000,000		43,964,942			—		63,964,942
Total Investments	$	2,460,504,790	$	43,964,942		$	—	$	2,504,469,732
Collateral for Securities Loaned (Liability)	$	—	$	(63,964,568	)	$	—	$	(63,964,568	)

* See Schedule of Investments for additional detailed categorizations.

BHFTI-328

Brighthouse Funds Trust I

T. Rowe Price Mid Cap Growth Portfolio

Schedule of Investments as of September 30, 2023 (Unaudited)

Common Stocks—96.7% of Net Assets

Security Description	Shares		Value
Aerospace & Defense—2.6%
BWX Technologies, Inc. (a)		77,500	$	5,810,950
Textron, Inc.		321,761		25,142,405
				30,953,355
Automobile Components—0.1%
Mobileye Global, Inc. - Class A (a) (b)		22,437		932,257
Beverages—0.3%
Boston Beer Co., Inc. - Class A (a) (b)		10,787		4,201,860
Biotechnology—5.5%
Alnylam Pharmaceuticals, Inc. (b)		72,200		12,786,620
Apellis Pharmaceuticals, Inc. (a) (b)		59,140		2,249,686
Argenx SE (ADR) (b)		13,145		6,462,476
Ascendis Pharma AS (ADR) (a) (b)		50,700		4,747,548
Biogen, Inc. (b)		39,000		10,023,390
CRISPR Therapeutics AG (a) (b)		53,283		2,418,515
Exact Sciences Corp. (b)		64,200		4,379,724
Ionis Pharmaceuticals, Inc. (a) (b)		204,800		9,289,728
Karuna Therapeutics, Inc. (a) (b)		27,008		4,566,783
Roivant Sciences Ltd. (a) (b)		227,082		2,652,318
Sarepta Therapeutics, Inc. (a) (b)		38,838		4,707,942
Seagen, Inc. (a) (b)		13,300		2,821,595
				67,106,325
Capital Markets—4.9%
Cboe Global Markets, Inc.		13,300		2,077,593
Intercontinental Exchange, Inc.		117,100		12,883,342
KKR & Co., Inc.		281,500		17,340,400
MarketAxess Holdings, Inc.		25,100		5,362,364
Raymond James Financial, Inc.		75,500		7,582,465
Tradeweb Markets, Inc. - Class A		168,600		13,521,720
				58,767,884
Chemicals—0.6%
RPM International, Inc.		77,400		7,338,294
Commercial Services & Supplies—0.3%
Waste Connections, Inc.		31,000		4,163,300
Construction Materials—1.2%
Martin Marietta Materials, Inc.		34,338		14,095,062
Consumer Staples Distribution & Retail—2.2%
Casey’s General Stores, Inc. (a)		43,200		11,729,664
Dollar General Corp.		11,900		1,259,020
Dollar Tree, Inc. (a) (b)		116,971		12,451,563
Maplebear, Inc. (b)		19,115		567,524
Maplebear, Inc. † (b) (c)		25,174		672,675
				26,680,446
Containers & Packaging—3.4%
Avery Dennison Corp.		86,200		15,746,154
Ball Corp. (a)		377,886		18,811,165
Sealed Air Corp.		210,800		6,926,888
				41,484,207
Diversified Consumer Services—0.4%
Bright Horizons Family Solutions, Inc. (a) (b)		58,500		4,765,410
Electrical Equipment—0.2%
Shoals Technologies Group, Inc. - Class A (a) (b)		111,200		2,029,400
Electronic Equipment, Instruments & Components—2.6%
Amphenol Corp. - Class A		116,200		9,759,638
Cognex Corp. (a)		107,600		4,566,544
Keysight Technologies, Inc. (b)		111,400		14,739,334
Littelfuse, Inc.		9,400		2,324,808
				31,390,324
Energy Equipment & Services—0.3%
TechnipFMC PLC (a)		161,942		3,293,900
Entertainment—1.9%
Liberty Media Corp.-Liberty Formula One - Class C (b)		130,191		8,110,900
Liberty Media Corp.-Liberty Live - Class C (b)		6,342		203,578
Spotify Technology SA (b)		96,000		14,845,440
				23,159,918
Financial Services—1.2%
FleetCor Technologies, Inc. (a) (b)		56,600		14,452,244
Food Products—0.4%
TreeHouse Foods, Inc. (a) (b)		118,049		5,144,575
Ground Transportation—1.7%
J.B. Hunt Transport Services, Inc. (a)		112,100		21,133,092
Health Care Equipment & Supplies—8.0%
Alcon, Inc.		133,400		10,279,804
Cooper Cos., Inc.		36,000		11,448,360
Dentsply Sirona, Inc.		107,100		3,658,536
Enovis Corp. (a) (b)		140,000		7,382,200
Hologic, Inc. (b)		461,000		31,993,400
ICU Medical, Inc. (a) (b)		33,500		3,986,835
QuidelOrtho Corp. (a) (b)		91,774		6,703,173
Teleflex, Inc. (a)		111,823		21,963,155
				97,415,463
Health Care Providers & Services—2.3%
Acadia Healthcare Co., Inc. (a) (b)		172,400		12,121,444
Agilon health, Inc. (a) (b)		316,838		5,627,043
Molina Healthcare, Inc. (b)		31,500		10,328,535
				28,077,022
Health Care Technology—1.6%
Veeva Systems, Inc. - Class A (b)		94,161		19,157,055
Hotels, Restaurants & Leisure—5.8%
Caesars Entertainment, Inc. (b)		66,399		3,077,593
Chipotle Mexican Grill, Inc. (b)		2,600		4,762,758
Domino’s Pizza, Inc.		46,910		17,769,039
Hilton Worldwide Holdings, Inc.		132,900		19,958,922

BHFTI-329

Brighthouse Funds Trust I

T. Rowe Price Mid Cap Growth Portfolio

Schedule of Investments as of September 30, 2023 (Unaudited)

Common Stocks—(Continued)

Security Description	Shares		Value
Hotels, Restaurants & Leisure—(Continued)
MGM Resorts International (a) (b)		303,387	$	11,152,506
Yum! Brands, Inc.		103,671		12,952,655
				69,673,473
Household Products—0.4%
Reynolds Consumer Products, Inc. (a)		175,500		4,498,065
Insurance—1.8%
Assurant, Inc. (a)		92,800		13,324,224
Axis Capital Holdings Ltd.		84,300		4,751,991
Kemper Corp. (a)		24,300		1,021,329
Markel Group, Inc. (b)		1,500		2,208,735
				21,306,279
Interactive Media & Services—0.4%
Match Group, Inc. (b)		121,346		4,753,730
IT Services—0.3%
MongoDB, Inc. (a) (b)		10,100		3,493,186
Life Sciences Tools & Services—5.6%
Agilent Technologies, Inc.		215,600		24,108,392
Avantor, Inc. (b)		775,900		16,355,972
Bruker Corp.		237,211		14,778,245
West Pharmaceutical Services, Inc.		32,618		12,238,600
				67,481,209
Machinery—4.9%
Esab Corp. (a)		134,764		9,463,128
Fortive Corp.		257,900		19,125,864
IDEX Corp.		34,600		7,197,492
Ingersoll Rand, Inc. (a)		362,400		23,092,128
				58,878,612
Media—2.3%
New York Times Co. - Class A		73,700		3,036,440
Trade Desk, Inc. - Class A (b)		313,200		24,476,580
				27,513,020
Oil, Gas & Consumable Fuels—3.8%
Cheniere Energy, Inc.		97,200		16,131,312
Coterra Energy, Inc.		247,800		6,702,990
EQT Corp. (a)		246,200		9,990,796
Pioneer Natural Resources Co.		51,401		11,799,100
Range Resources Corp. (a)		43,200		1,400,112
				46,024,310
Passenger Airlines—0.8%
Southwest Airlines Co. (a)		361,000		9,772,270
Personal Care Products—0.6%
Kenvue, Inc.		348,560		6,999,085
Pharmaceuticals—0.9%
Catalent, Inc. (a) (b)		252,790		11,509,529
Professional Services—4.8%
Broadridge Financial Solutions, Inc.		59,385		10,632,884
Equifax, Inc. (a)		82,300		15,075,714
Paylocity Holding Corp. (b)		51,800		9,412,060
TransUnion		173,600		12,462,744
Verisk Analytics, Inc.		44,200		10,441,808
				58,025,210
Real Estate Management & Development—1.0%
CoStar Group, Inc. (b)		159,083		12,231,892
Semiconductors & Semiconductor Equipment—7.6%
KLA Corp.		27,139		12,447,574
Lattice Semiconductor Corp. (a) (b)		90,600		7,785,258
Marvell Technology, Inc.		556,969		30,148,732
Microchip Technology, Inc.		482,700		37,674,735
NXP Semiconductors NV		21,800		4,358,256
				92,414,555
Software—8.2%
Atlassian Corp. - Class A (b)		27,400		5,521,374
Bill Holdings, Inc. (a) (b)		55,251		5,998,601
CCC Intelligent Solutions Holdings, Inc. (a) (b)		681,197		9,093,980
Clear Secure, Inc. - Class A (a)		77,027		1,466,594
Confluent, Inc. - Class A (a) (b)		45,200		1,338,372
Crowdstrike Holdings, Inc. - Class A (b)		108,077		18,089,928
Fair Isaac Corp. (b)		14,400		12,506,832
Fortinet, Inc. (b)		144,000		8,449,920
HashiCorp, Inc. - Class A (a) (b)		22,700		518,241
Klaviyo, Inc. - Class A (b)		21,984		758,448
PTC, Inc. (b)		112,063		15,877,086
Roper Technologies, Inc.		23,900		11,574,292
Synopsys, Inc. (b)		11,683		5,362,147
Tyler Technologies, Inc. (b)		8,600		3,320,804
				99,876,619
Specialty Retail—4.6%
Bath & Body Works, Inc.		250,100		8,453,380
Burlington Stores, Inc. (b)		107,200		14,504,160
Five Below, Inc. (b)		54,200		8,720,780
O’Reilly Automotive, Inc. (b)		3,900		3,544,554
Ross Stores, Inc.		109,000		12,311,550
Tractor Supply Co. (a)		17,569		3,567,386
Ulta Beauty, Inc. (b)		10,800		4,314,060
				55,415,870
Textiles, Apparel & Luxury Goods—0.4%
Lululemon Athletica, Inc. (b)		14,100		5,437,101
Trading Companies & Distributors—0.8%
United Rentals, Inc.		22,900		10,180,653
Total Common Stocks (Cost $923,214,661)				1,171,226,061

BHFTI-330

Brighthouse Funds Trust I

T. Rowe Price Mid Cap Growth Portfolio

Schedule of Investments as of September 30, 2023 (Unaudited)

Convertible Preferred Stocks—0.3%

Security Description	Shares/ Principal Amount*		Value
Automobiles—0.1%
Nuro, Inc. - Series D † (b) (c) (d)		37,838	$	234,596
Sila Nanotechnologies, Inc. - Series F † (b) (c) (d)		43,934		890,981
				1,125,577
Commercial Services & Supplies—0.1%
Redwood Materials, Inc. - Series C † (b) (c) (d)		18,350		875,952
Health Care Providers & Services—0.0%
Caris Life Sciences, Inc. - Series D † (b) (c) (d)		156,199		835,665
Software—0.1%
Databricks, Inc. - Series H † (b) (c) (d)		11,738		862,743
Databricks, Inc. - Series I † (b) (c) (d)		4,164		306,054
				1,168,797
Total Convertible Preferred Stocks (Cost $5,905,716)				4,005,991
Short-Term Investment—3.0%
Mutual Funds—3.0%
T. Rowe Price Treasury Reserve Fund (e)		35,862,574		35,862,574
Total Short-Term Investments (Cost $35,862,574)				35,862,574
Securities Lending Reinvestments (f)—11.5%
Certificates of Deposit—4.3%
Bank of America N.A. 5.700%, FEDEFF PRV + 0.370%, 11/17/23 (g)		2,000,000		2,000,270
Bank of Montreal 6.100%, SOFR + 0.790%, 11/08/23 (g)		1,000,000		1,000,643
Barclays Bank PLC 5.720%, SOFR + 0.400%, 02/14/24 (g)		3,000,000		3,000,216
Canadian Imperial Bank of Commerce (NY) 5.690%, SOFR + 0.380%, 12/12/23 (g)		2,000,000		2,000,972
5.710%, SOFR + 0.400%, 10/13/23 (g)		4,000,000		4,000,392
Citibank N.A. 5.670%, SOFR + 0.350%, 02/20/24 (g)		4,000,000		4,000,300
Credit Agricole Corporate & Investment Bank 5.570%, 11/01/23		4,000,000		4,000,532
Credit Industriel et Commercial 5.510%, SOFR + 0.200%, 12/01/23 (g)		4,000,000		3,999,648
Mitsubishi UFJ Trust & Banking Corp.
Zero Coupon, 10/19/23		1,000,000		997,050
Zero Coupon, 10/20/23		1,000,000		996,900
Mizuho Bank Ltd. 5.610%, SOFR + 0.290%, 10/17/23 (g)		5,000,000		5,000,245
MUFG Bank Ltd. (London)
Zero Coupon, 10/18/23		1,000,000		997,200
Zero Coupon, 10/30/23		1,000,000		995,390
Zero Coupon, 11/20/23		1,000,000		992,190
Certificates of Deposit—(Continued)
National Westminster Bank PLC
Zero Coupon, 02/20/24		2,000,000		1,954,640
Nordea Bank Abp 5.660%, SOFR + 0.350%, 10/23/23 (g)		4,000,000		4,000,608
Oversea-Chinese Banking Corp. Ltd. 5.550%, SOFR + 0.230%, 11/13/23 (g)		3,000,000		3,000,438
Standard Chartered Bank 5.680%, SOFR + 0.370%, 03/12/24 (g)		3,000,000		3,000,000
Sumitomo Mitsui Banking Corp. 5.770%, SOFR + 0.460%, 01/11/24 (g)		4,000,000		4,003,724
Toronto-Dominion Bank 5.730%, FEDEFF PRV + 0.400%, 02/13/24 (g)		2,000,000		2,001,160
				51,942,518
Commercial Paper—1.4%
Bedford Row Funding Corp. 5.560%, SOFR + 0.250%, 10/17/23 (g)		3,000,000		3,000,159
ING U.S. Funding LLC 5.800%, SOFR + 0.480%, 06/13/24 (g)		2,000,000		1,999,990
Old Line Funding LLC 5.620%, SOFR + 0.300%, 12/28/23 (g)		5,000,000		4,999,995
Skandinaviska Enskilda Banken AB 5.680%, SOFR + 0.360%, 11/15/23 (g)		4,000,000		4,001,080
UBS AG 5.600%, SOFR + 0.280%, 11/27/23 (g)		3,000,000		3,000,000
				17,001,224
Repurchase Agreements—4.1%
Citigroup Global Markets, Inc. Repurchase Agreement dated 09/29/23 at 5.470%, due on 10/06/23 with a maturity value of $3,503,723; collateralized by U.S. Treasury Obligations with rates ranging from 0.250% - 5.403%, maturity dates ranging from 01/31/24 - 10/31/25, and various Common Stock with an aggregate market value of $3,570,086.		3,500,000		3,500,000
Repurchase Agreement dated 09/29/23 at 5.620%, due on 11/03/23 with a maturity value of $5,027,319; collateralized by U.S. Treasury Obligations with rates ranging from 0.125% - 4.250%, maturity dates ranging from 07/15/25 - 11/30/28, and various Common Stock with an aggregate market value of $5,100,366.		5,000,000		5,000,000
Repurchase Agreement dated 09/29/23 at 5.870%, due on 04/01/24 with a maturity value of $8,241,322; collateralized by U.S. Treasury Obligations with rates ranging from 2.000% - 2.875%, maturity dates ranging from 02/15/25 - 05/15/49, and various Common Stock with an aggregate market value of $8,503,770.		8,000,000		8,000,000
ING Financial Markets LLC Repurchase Agreement dated 09/29/23 at 5.300%, due on 10/02/23 with a maturity value of $2,915,498; collateralized by U.S. Treasury Obligations with rates ranging from 0.000% - 4.500%, maturity dates ranging from 10/12/23 - 02/15/50, and an aggregate market value of $2,972,496.		2,914,211		2,914,211

BHFTI-331

Brighthouse Funds Trust I

T. Rowe Price Mid Cap Growth Portfolio

Schedule of Investments as of September 30, 2023 (Unaudited)

Securities Lending Reinvestments (f)—(Continued)

Security Description	Shares/ Principal Amount*		Value
Repurchase Agreements—(Continued)
National Bank of Canada
Repurchase Agreement dated 09/29/23 at 5.320%, due on 10/06/23 with a maturity value of $7,908,172; collateralized by U.S. Treasury Obligations with rates ranging from 0.000% - 4.000%, maturity dates ranging from 10/12/23 - 02/15/32, and an aggregate market value of $8,095,759.		7,900,000	$	7,900,000
Repurchase Agreement dated 09/29/23 at 5.450%, due on 10/06/23 with a maturity value of $20,021,194; collateralized by various Common Stock with an aggregate market value of $22,319,747.		20,000,000		20,000,000
Societe Generale Repurchase Agreement dated 09/29/23 at 5.340%, due on 10/02/23 with a maturity value of $2,000,890; collateralized by U.S. Treasury Obligations with rates ranging from 0.375% - 5.403%, maturity dates ranging from 01/31/24 - 02/15/37, and an aggregate market value of $2,044,843.		2,000,000		2,000,000
				49,314,211
Time Deposit—0.4%
National Bank of Canada 5.370%, OBFR + 0.050%, 10/06/23 (g)		5,000,000		5,000,000
Mutual Funds—1.3%
BlackRock Liquidity Funds FedFund, Institutional Shares 5.230% (h)		1,000,000		1,000,000
Dreyfus Treasury Obligations Cash Management Fund, Institutional Class  5.230% (h)		1,000,000		1,000,000
Goldman Sachs Financial Square Government Fund, Institutional Shares 5.240% (h)		1,000,000		1,000,000
HSBC U.S. Government Money Market Fund, Class I 5.270% (h)		5,000,000		5,000,000
Morgan Stanley Liquidity Funds Government Portfolio, Institutional Shares 5.270% (h)		1,000,000		1,000,000
RBC U.S. Government Money Market Fund, Institutional Shares 5.270% (h)		1,000,000		1,000,000
State Street Institutional U.S. Government Money Market Fund, Premier Class 5.290% (h)		1,000,000		1,000,000
Western Asset Institutional Government Reserves Fund, Institutional Class 5.250% (h)		5,000,000		5,000,000
				16,000,000
Total Securities Lending Reinvestments (Cost $139,249,803)				139,257,953
Total Investments—111.5% (Cost $1,104,232,754)				1,350,352,579
Other assets and liabilities (net)—(11.5)%				(138,989,203	)
Net Assets—100.0%			$	1,211,363,376

*	Principal amount stated in U.S. dollars unless otherwise noted.
†	Restricted securities are not registered under the Securities Act of 1933 and are subject to legal restrictions on resale. These securities generally may be resold in transactions exempt from registration or to the public if the securities are subsequently registered. Disposal of these securities may involve time-consuming negotiations and prompt sale at an acceptable price may be difficult. As of September 30, 2023, the market value of restricted securities was $4,678,666, which is 0.4% of net assets. See details shown in the Restricted Securities table that follows.
(a)	All or a portion of the security was held on loan. As of September 30, 2023, the market value of securities loaned was $163,475,421 and the collateral received consisted of cash in the amount of $139,183,342 and non-cash collateral with a value of $27,334,848. The cash collateral investments are disclosed in the Schedule of Investments and categorized as Securities Lending Reinvestments. The non-cash collateral received consists of U.S. government securities that are held in safe-keeping by the lending agent, or a third-party custodian, and cannot be sold or repledged by the Portfolio.
(b)	Non-income producing security.
(c)	Security was valued in good faith under procedures subject to oversight by the Board of Trustees. As of September 30, 2023, these securities represent 0.4% of net assets.
(d)	Significant unobservable inputs were used in the valuation of this portfolio security; i.e. Level 3.
(e)	Affiliated Issuer.
(f)	Represents investment of cash collateral received from securities on loan as of September 30, 2023.
(g)	Variable or floating rate security. The stated rate represents the rate at September 30, 2023. Maturity date shown for callable securities reflects the earliest possible call date. For securities based on a published reference index and spread, the index and spread are indicated in the description above. For certain variable rate securities, the coupon rate is determined by the issuer/agent based on current market conditions. For certain asset- and mortgage-backed securities, the coupon rate may fluctuate based on changes of the underlying collateral or prepayments of principal. These securities do not indicate a reference index and spread in their description above.
(h)	The rate shown represents the annualized seven-day yield as of September 30, 2023.

Restricted Securities	Acquisition Date		Shares		Cost		Value
Caris Life Sciences, Inc. - Series D		05/11/21		156,199	$	1,265,212	$	835,665
Databricks, Inc. - Series H		08/31/21		11,738		862,557		862,743
Databricks, Inc. - Series I		09/14/23		4,164		306,054		306,054
Maplebear, Inc.		02/26/21-11/19/21		25,174		3,043,527		672,675
Nuro, Inc. - Series D		10/29/21		37,838		788,760		234,596
Redwood Materials, Inc. - Series C		05/28/21		18,350		869,854		875,952
Sila Nanotechnologies, Inc. - Series F		01/07/21		43,934		1,813,279		890,981
							$	4,678,666

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-332

Brighthouse Funds Trust I

T. Rowe Price Mid Cap Growth Portfolio

Schedule of Investments as of September 30, 2023 (Unaudited)

Fair Value Hierarchy

Accounting principles generally accepted in the United States of America (“GAAP”) define fair market value as the price that the Portfolio would receive to sell an asset or pay to transfer a liability in an orderly transaction between market participants at the measurement date. It establishes a fair value hierarchy that prioritizes inputs to valuation methods and requires disclosure of the fair value hierarchy, separately for each major category of assets and liabilities, that segregates fair value measurements into three levels. Levels 1, 2 and 3 of the fair value hierarchy are defined as follows:

Level 1 - unadjusted quoted prices in active markets for identical investments

Level 2 - other significant observable inputs (including, but not limited to, quoted prices for similar assets or liabilities in markets that are either active or inactive; inputs other than quoted prices that are observable such as interest rates, yield curves, volatilities, prepayment speeds, loss severities, credit risks, default rates, or other market corroborated inputs)

Level 3 - significant unobservable inputs based on the best information available in the circumstances, to the extent observable inputs are unavailable (including the Portfolio’s own assumptions used in determining the fair value of investments and derivative financial instruments)

The inputs or methodologies used for valuing investments are not necessarily an indication of the risk associated with investing in them. Changes to the inputs or methodologies used may result in transfers between levels. A reconciliation of Level 3 securities, if any, will be disclosed following the fair value hierarchy table. For more information about the Portfolio’s policy regarding the valuation of investments, please refer to the Notes to Schedule of Investments.

The following table summarizes the fair value hierarchy of the Portfolio’s investments as of September 30, 2023:

Description	Level 1		Level 2		Level 3		Total
Common Stocks
Aerospace & Defense	$	30,953,355	$	—	$	—	$	30,953,355
Automobile Components		932,257		—		—		932,257
Beverages		4,201,860		—		—		4,201,860
Biotechnology		67,106,325		—		—		67,106,325
Capital Markets		58,767,884		—		—		58,767,884
Chemicals		7,338,294		—		—		7,338,294
Commercial Services & Supplies		4,163,300		—		—		4,163,300
Construction Materials		14,095,062		—		—		14,095,062
Consumer Staples Distribution & Retail		26,007,771		672,675		—		26,680,446
Containers & Packaging		41,484,207		—		—		41,484,207
Diversified Consumer Services		4,765,410		—		—		4,765,410
Electrical Equipment		2,029,400		—		—		2,029,400
Electronic Equipment, Instruments & Components		31,390,324		—		—		31,390,324
Energy Equipment & Services		3,293,900		—		—		3,293,900
Entertainment		23,159,918		—		—		23,159,918
Financial Services		14,452,244		—		—		14,452,244
Food Products		5,144,575		—		—		5,144,575
Ground Transportation		21,133,092		—		—		21,133,092
Health Care Equipment & Supplies		97,415,463		—		—		97,415,463
Health Care Providers & Services		28,077,022		—		—		28,077,022
Health Care Technology		19,157,055		—		—		19,157,055
Hotels, Restaurants & Leisure		69,673,473		—		—		69,673,473
Household Products		4,498,065		—		—		4,498,065
Insurance		21,306,279		—		—		21,306,279
Interactive Media & Services		4,753,730		—		—		4,753,730
IT Servicesf		3,493,186		—		—		3,493,186
Life Sciences Tools & Services		67,481,209		—		—		67,481,209
Machinery		58,878,612		—		—		58,878,612
Media		27,513,020		—		—		27,513,020
Oil, Gas & Consumable Fuels		46,024,310		—		—		46,024,310
Passenger Airlines		9,772,270		—		—		9,772,270
Personal Care Products		6,999,085		—		—		6,999,085
Pharmaceuticals		11,509,529		—		—		11,509,529
Professional Services		58,025,210		—		—		58,025,210
Real Estate Management & Development		12,231,892		—		—		12,231,892
Semiconductors & Semiconductor Equipment		92,414,555		—		—		92,414,555
Software		99,876,619		—		—		99,876,619
Specialty Retail		55,415,870		—		—		55,415,870

BHFTI-333

Brighthouse Funds Trust I

T. Rowe Price Mid Cap Growth Portfolio

Schedule of Investments as of September 30, 2023 (Unaudited)

Fair Value Hierarchy—(Continued)

Description	Level 1		Level 2			Level 3		Total
Textiles, Apparel & Luxury Goods	$	5,437,101	$	—		$	—	$	5,437,101
Trading Companies & Distributors		10,180,653		—			—		10,180,653
Total Common Stocks		1,170,553,386		672,675			—		1,171,226,061
Total Convertible Preferred Stocks*		—		—			4,005,991		4,005,991
Total Short-Term Investment*		35,862,574		—			—		35,862,574
Securities Lending Reinvestments
Certificates of Deposit		—		51,942,518			—		51,942,518
Commercial Paper		—		17,001,224			—		17,001,224
Repurchase Agreements		—		49,314,211			—		49,314,211
Time Deposit		—		5,000,000			—		5,000,000
Mutual Funds		16,000,000		—			—		16,000,000
Total Securities Lending Reinvestments		16,000,000		123,257,953			—		139,257,953
Total Investments	$	1,222,415,960	$	123,930,628		$	4,005,991	$	1,350,352,579
Collateral for Securities Loaned (Liability)	$	—	$	(139,183,342	)	$	—	$	(139,183,342	)

* 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, 2022		Purchases		Sales			Realized Gain / (Loss)		Transfer Out			Change in Unrealized Appreciation/ (Depreciation)			Balance as of September 30, 2023		Change in Unrealized Appreciation (Depreciation) from Investments Held at September 30, 2023
Common Stocks
Oil, Gas & Consumable Fuels	$	9,143,459	$	—	$	(11,214,137	)	$	8,991,051	$	—		$	(6,920,373	)	$	—	$	—
Convertible Preferred Stocks
Automobiles		1,894,614		—		—			—		—			(769,037	)		1,125,577		(769,037	)
Commercial Services & Supplies		1,431,300		—		—			—		—			(555,348	)		875,952		(555,348	)
Consumer Staples Distribution & Retail		1,220,436		—		—			—		(1,220,436	)		—			—		—
Health Care Providers & Services		1,027,789		—		—			—		—			(192,124	)		835,665		(192,124	)
Software		704,280		306,054		—			—		—			158,463			1,168,797		158,463
Total	$	15,421,878	$	306,054	$	(11,214,137	)	$	8,991,051	$	(1,220,436	)	$	(8,278,419	)	$	4,005,991	$	(1,358,046	)

BHFTI-334

Brighthouse Funds Trust I

TCW Core Fixed Income Portfolio

Schedule of Investments as of September 30, 2023 (Unaudited)

U.S. Treasury & Government Agencies—71.0% of Net Assets

Security Description	Principal Amount*		Value
Agency Sponsored Mortgage - Backed—38.0%
Federal Home Loan Mortgage Corp.
2.000%, 04/01/52		6,483,382	$	4,940,074
2.500%, 01/01/52		7,189,004		5,716,579
2.500%, 02/01/52		8,212,194		6,529,346
2.500%, 04/01/52		2,143,215		1,703,790
2.500%, 05/01/52		8,576,135		6,811,530
3.000%, 03/01/31		619,811		577,020
3.000%, 06/01/33		175,237		160,750
3.000%, 09/01/46		853,818		722,728
3.000%, 10/01/46		2,300,006		1,945,924
3.000%, 11/01/46		3,561,444		3,004,342
3.000%, 01/01/47		4,422,530		3,738,946
3.000%, 01/01/50		5,074,504		4,261,228
3.000%, 05/01/52		5,778,433		4,784,602
3.500%, 11/01/33		910,170		856,308
3.500%, 01/01/34		1,549,423		1,455,126
3.500%, 01/01/44		1,701,475		1,510,470
3.500%, 04/01/45		2,599,199		2,296,627
3.500%, 11/01/45		266,327		234,018
3.500%, 06/01/46		968,058		851,635
3.500%, 08/01/46		1,132,249		998,905
3.500%, 12/01/47		2,962,141		2,590,265
3.500%, 01/01/48		10,884,509		9,659,299
4.000%, 01/01/45		1,815,010		1,661,057
4.000%, 12/01/45		4,076,994		3,727,743
4.000%, 03/01/48		344,991		313,474
4.000%, 06/01/48		23,729		21,609
4.000%, 11/01/48		556,002		505,116
4.500%, 10/01/48		1,162,120		1,088,349
5.000%, 06/01/48		326,416		314,296
5.000%, 08/01/48		53,819		51,705
5.000%, 10/01/48		614,550		590,590
Federal Home Loan Mortgage Corp. Multifamily Structured Pass-Through Certificates
3.750%, 04/25/33		5,465,000		4,852,686
Federal Home Loan Mortgage Corp. REMICS
3.000%, 04/15/48		650,989		559,321
Federal Home Loan Mortgage Corp. STACR REMIC Trust
6.815%, SOFR30A + 1.500%, 10/25/41 (144A) (a)		3,000,000		2,956,890
Federal National Mortgage Association 2.000%, 08/01/40		2,212,672		1,798,235
2.000%, 10/01/40		5,656,015		4,591,355
2.000%, 11/01/40		3,292,508		2,671,730
2.000%, 07/01/41		3,594,057		2,889,963
2.000%, 10/01/50		1,785,234		1,368,782
2.000%, 02/01/51		5,865,039		4,483,075
2.000%, 03/01/51		8,918,833		6,816,379
2.000%, 12/01/51		14,147,304		10,786,721
2.000%, 02/01/52		13,892,295		10,584,876
2.000%, 04/01/52		19,721,513		15,045,874
2.455%, 04/01/40		2,790,000		1,821,156
2.500%, 05/01/51		8,501,437		6,783,437
2.500%, 12/01/51		8,648,744		6,879,057
2.500%, 01/01/52		677,307		538,111
2.500%, 02/01/52		8,666,225		6,892,212
Federal National Mortgage Association
2.500%, 03/01/52		6,629,313		5,266,760
3.000%, 06/01/32		406,195		375,597
3.000%, 07/01/45		7,317,639		6,196,950
3.000%, 09/01/49		3,774,195		3,171,230
3.000%, 10/01/49		986,821		802,022
3.500%, 01/01/44		2,206,605		1,943,024
3.500%, 01/01/48		2,490,205		2,185,037
3.500%, 02/01/48		1,219,021		1,070,847
4.000%, 08/01/42		313,589		285,763
4.000%, 06/01/47		617,706		560,654
4.000%, 11/01/52		7,927,049		7,061,075
4.500%, 02/01/46		1,121,769		1,052,755
4.500%, 05/01/48		3,278,392		3,060,543
4.500%, 08/01/48		562,196		523,429
4.500%, 02/01/53		6,156,476		5,655,892
Federal National Mortgage Association REMICS
3.000%, 06/25/48		1,523,572		1,307,246
3.500%, 01/25/47		1,566,039		1,492,305
3.500%, 06/25/47		928,278		863,688
Government National Mortgage Association
2.500%, 09/20/51		4,172,940		3,412,935
3.000%, 10/20/46		720,095		619,990
3.000%, 12/20/46		2,271,955		1,957,636
3.000%, 04/20/47		465,034		400,165
3.000%, 11/20/47		820,285		704,475
3.000%, 10/20/49		861,714		714,912
3.500%, 04/20/46		1,626,475		1,447,280
3.500%, 05/20/46		722,978		644,607
3.500%, 06/20/46		159,400		142,169
3.500%, 11/20/46		2,408,375		2,146,198
3.500%, 01/20/47		417,070		370,999
3.500%, 09/20/47		773,634		686,504
3.500%, 11/20/47		1,575,053		1,396,717
3.500%, 07/20/49		115,166		99,912
4.000%, 11/20/47		797,833		730,732
4.000%, 12/20/47		724,139		663,049
4.000%, 03/20/48		515,971		472,250
4.000%, 10/20/48		1,036,594		945,826
4.500%, 02/20/47		1,496,610		1,417,704
4.500%, 06/20/47		2,288,408		2,156,090
5.000%, 06/20/47		1,191,500		1,148,595
5.000%, 09/20/47		643,025		619,719
Government National Mortgage Association REMICS
3.500%, 09/20/48		1,283,540		1,163,022
Government National Mortgage Association, TBA
2.500%, TBA (b)		22,550,000		18,428,421
4.500%, TBA (b)		8,225,000		7,598,165
5.000%, TBA (b)		3,825,000		3,624,486
5.500%, TBA (b)		11,025,000		10,698,557
Uniform Mortgage-Backed Security, TBA
2.000%, TBA (b)		51,700,000		39,320,273
2.500%, TBA (b)		13,400,000		10,634,657
3.000%, TBA (b)		31,900,000		26,373,574
3.500%, TBA (b)		30,725,000		26,421,100
4.000%, TBA (b)		27,525,000		24,503,701
4.500%, TBA (b)		31,600,000		29,012,750
5.000%, TBA (b)		63,325,000		59,743,180
5.500%, TBA (b)		48,500,000		46,868,808
				536,107,286

BHFTI-335

Brighthouse Funds Trust I

TCW Core Fixed Income Portfolio

Schedule of Investments as of September 30, 2023 (Unaudited)

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

Security Description	Principal Amount*		Value
Federal Agencies—2.3%
Federal Home Loan Banks
5.300%, 05/22/24		16,610,000	$	16,559,900
5.370%, 05/21/24		16,500,000		16,452,026
				33,011,926
U.S. Treasury—30.7%
U.S. Treasury Bonds
3.875%, 05/15/43		4,240,000		3,686,150
4.125%, 08/15/53		39,390,000		35,758,734
4.375%, 08/15/43 (c)		89,675,000		83,663,973
U.S. Treasury Inflation-Indexed Notes
1.250%, 04/15/28 (d)		10,426,207		9,912,330
1.375%, 07/15/33 (d)		11,881,378		10,984,938
U.S. Treasury Notes
3.875%, 08/15/33 (c)		27,130,000		25,633,611
4.375%, 08/31/28 (c)		26,635,000		26,370,731
4.625%, 09/15/26		52,375,000		52,117,216
4.625%, 09/30/28		111,720,000		111,789,825
5.000%, 09/30/25		73,095,000		73,026,473
				432,943,981
Total U.S. Treasury & Government Agencies (Cost $1,054,980,383)				1,002,063,193
Corporate Bonds & Notes—26.7%
Aerospace/Defense—0.3%
BAE Systems Holdings, Inc.
3.850%, 12/15/25 (144A) (c)		1,500,000		1,440,932
Boeing Co.
1.433%, 02/04/24		3,500,000		3,444,294
				4,885,226
Agriculture—0.7%
BAT Capital Corp.
4.390%, 08/15/37		830,000		635,123
4.540%, 08/15/47 (c)		5,585,000		3,844,388
4.758%, 09/06/49 (c)		172,000		120,963
5.650%, 03/16/52 (c)		280,000		224,167
Imperial Brands Finance PLC
3.125%, 07/26/24 (144A)		2,800,000		2,728,623
Reynolds American, Inc.
5.700%, 08/15/35 (c)		1,170,000		1,046,794
5.850%, 08/15/45		1,805,000		1,495,135
				10,095,193
Airlines—0.2%
United Airlines Pass-Through Trust
5.800%, 07/15/37		2,800,000		2,721,852
Banks—10.5%
Bank of America Corp.
1.658%, SOFR + 0.910%, 03/11/27 (a)(c)		9,885,000		8,868,756
1.734%, SOFR + 0.960%, 07/22/27 (a)		446,000		395,227
2.087%, SOFR + 1.060%, 06/14/29 (a)(c)		3,640,000		3,047,168
2.299%, SOFR + 1.220%, 07/21/32 (a)		5,025,000		3,807,594
2.496%, 3M TSFR + 1.252%, 02/13/31 (a)		1,060,000		849,525
3.705%, 3M TSFR + 1.774%, 04/24/28 (a)(c)		3,140,000		2,891,918
3.970%, 3M TSFR + 1.332%, 03/05/29 (a)		990,000		906,865
Citigroup, Inc.
1.462%, SOFR + 0.770%, 06/09/27 (a)(c)		3,735,000		3,301,493
2.561%, SOFR + 1.167%, 05/01/32 (a)(c)		1,905,000		1,474,654
2.572%, SOFR + 2.107%, 06/03/31 (a)		1,230,000		980,811
2.976%, SOFR + 1.422%, 11/05/30 (a)(c)		1,090,000		912,612
3.057%, SOFR + 1.351%, 01/25/33 (a)		4,895,000		3,869,678
Goldman Sachs Group, Inc.
0.925%, SOFR + 0.486%, 10/21/24 (a)(c)		2,060,000		2,043,728
1.217%, 12/06/23 (c)		1,470,000		1,457,818
1.431%, SOFR + 0.798%, 03/09/27 (a)		5,605,000		4,990,073
1.542%, SOFR + 0.818%, 09/10/27 (a)		2,462,000		2,155,713
1.948%, SOFR + 0.913%, 10/21/27 (a)		2,380,000		2,101,428
2.383%, SOFR + 1.248%, 07/21/32 (a)		2,180,000		1,660,263
HSBC Holdings PLC
2.013%, SOFR + 1.732%, 09/22/28 (a)(c)		6,110,000		5,186,007
2.206%, SOFR + 1.285%, 08/17/29 (a)		2,580,000		2,126,518
2.804%, SOFR + 1.187%, 05/24/32 (a)		750,000		580,911
4.755%, SOFR + 2.110%, 06/09/28 (a)(c)		675,000		638,644
6.332%, SOFR + 2.650%, 03/09/44 (a)(c)		1,335,000		1,281,865
JPMorgan Chase & Co.
0.969%, 3M TSFR + 0.580%, 06/23/25 (a)		3,930,000		3,771,553
1.040%, 3M TSFR + 0.695%, 02/04/27 (a)(c)		1,700,000		1,512,922
1.578%, SOFR + 0.885%, 04/22/27 (a)(c)		5,695,000		5,082,398
1.953%, SOFR + 1.065%, 02/04/32 (a)		3,330,000		2,525,382
2.545%, SOFR + 1.180%, 11/08/32 (a)		805,000		622,985
2.580%, 3M TSFR + 1.250%, 04/22/32 (a)(c)		550,000		433,854
2.739%, 3M TSFR + 1.510%, 10/15/30 (a)(c)		1,215,000		1,016,064
2.947%, SOFR + 1.170%, 02/24/28 (a)(c)		1,250,000		1,133,941
Lloyds Banking Group PLC
1.627%, 1Y H15 + 0.850%, 05/11/27 (a)(c)		1,200,000		1,064,315
3.870%, 1Y H15 + 3.500%, 07/09/25 (a)		2,515,000		2,466,033
4.976%, 1Y H15 + 2.300%, 08/11/33 (a)(c)		3,055,000		2,711,089
Macquarie Group Ltd.
2.871%, SOFR + 1.532%, 01/14/33 (144A) (a)		3,425,000		2,588,607
4.442%, SOFR + 2.405%, 06/21/33 (144A) (a)(c)		680,000		579,249
5.033%, 3M LIBOR + 1.750%, 01/15/30 (144A) (a)(c)		628,000		599,376
Morgan Stanley
1.164%, SOFR + 0.560%, 10/21/25 (a)(c)		7,505,000		7,084,492
1.928%, SOFR + 1.020%, 04/28/32 (a)(c)		2,925,000		2,172,688
2.475%, SOFR + 1.000%, 01/21/28 (a)(c)		2,740,000		2,443,035
2.484%, SOFR + 1.360%, 09/16/36 (a)		2,235,000		1,623,475
NatWest Group PLC
4.269%, 3M LIBOR + 1.762%, 03/22/25 (a)		840,000		831,003
PNC Financial Services Group, Inc.
5.068%, SOFR + 1.933%, 01/24/34 (a)(c)		2,010,000		1,822,767
6.037%, SOFR + 2.140%, 10/28/33 (a)(c)		1,455,000		1,412,036
Santander U.K. Group Holdings PLC
1.089%, SOFR + 0.787%, 03/15/25 (a)(c)		3,445,000		3,351,954
1.532%, 1Y H15 + 1.250%, 08/21/26 (a)		330,000		299,129
1.673%, SOFR + 0.989%, 06/14/27 (a)(c)		1,250,000		1,093,373
2.469%, SOFR + 1.220%, 01/11/28 (a)(c)		725,000		630,973

BHFTI-336

Brighthouse Funds Trust I

TCW Core Fixed Income Portfolio

Schedule of Investments as of September 30, 2023 (Unaudited)

Corporate Bonds & Notes—(Continued)

Security Description	Principal Amount*		Value
Banks—(Continued)
Santander U.K. PLC
5.000%, 11/07/23 (144A)		3,950,000	$	3,940,165
U.S. Bancorp
4.839%, SOFR + 1.600%, 02/01/34 (a)		2,745,000		2,416,854
5.836%, SOFR + 2.260%, 06/12/34 (a)		865,000		815,825
5.850%, SOFR + 2.090%, 10/21/33 (a)(c)		1,480,000		1,401,000
UBS Group AG
1.305%, SOFR + 0.980%, 02/02/27 (144A) (a)		1,650,000		1,463,233
1.494%, 1Y H15 + 0.850%, 08/10/27 (144A) (a)		930,000		811,759
2.593%, SOFR + 1.560%, 09/11/25 (144A) (a)		95,000		91,436
3.091%, SOFR + 1.730%, 05/14/32 (144A) (a)		1,815,000		1,433,577
3.869%, 3M LIBOR + 1.410%, 01/12/29 (144A) (a)(c)		785,000		711,040
6.373%, SOFR + 3.340%, 07/15/26 (144A) (a)		1,250,000		1,245,288
6.537%, SOFR + 3.920%, 08/12/33 (144A) (a)		6,400,000		6,325,205
9.016%, SOFR + 5.020%, 11/15/33 (144A) (a)		6,530,000		7,540,939
Wells Fargo & Co.
2.164%, 3M TSFR + 1.012%, 02/11/26 (a)(c)		2,075,000		1,958,752
2.393%, SOFR + 2.100%, 06/02/28 (a)		4,790,000		4,200,682
3.350%, SOFR + 1.500%, 03/02/33 (a)(c)		5,270,000		4,259,970
3.526%, SOFR + 1.510%, 03/24/28 (a)(c)		3,970,000		3,645,943
4.897%, SOFR + 2.100%, 07/25/33 (a)		1,710,000		1,547,550
5.013%, 3M TSFR + 4.502%, 04/04/51 (a)		95,000		79,822
5.389%, SOFR + 2.020%, 04/24/34 (a)		660,000		617,039
				148,908,041
Beverages—0.1%
Bacardi Ltd. 4.450%, 05/15/25 (144A)		405,000		392,999
5.300%, 05/15/48 (144A)		1,105,000		953,059
				1,346,058
Biotechnology—0.2%
Amgen, Inc. 4.875%, 03/01/53 (c)		720,000		598,815
5.250%, 03/02/33		770,000		736,088
5.600%, 03/02/43		730,000		678,668
5.650%, 03/02/53 (c)		315,000		294,816
				2,308,387
Chemicals—0.3%
International Flavors & Fragrances, Inc.
2.300%, 11/01/30 (144A) (c)		4,273,000		3,214,424
4.375%, 06/01/47		345,000		231,690
5.000%, 09/26/48 (c)		460,000		342,794
				3,788,908
Commercial Services—0.1%
Global Payments, Inc.
5.400%, 08/15/32		795,000		745,195
5.950%, 08/15/52 (c)		1,024,000		918,092
				1,663,287
Diversified Financial Services—1.3%
AerCap Ireland Capital DAC/AerCap Global Aviation Trust
3.000%, 10/29/28 (c)		2,195,000		1,882,165
3.300%, 01/30/32 (c)		4,300,000		3,418,121
Air Lease Corp.
2.300%, 02/01/25 (c)		4,715,000		4,466,259
American Express Co.
2.550%, 03/04/27 (c)		1,410,000		1,271,283
Avolon Holdings Funding Ltd.
2.528%, 11/18/27 (144A)		1,274,000		1,075,449
2.875%, 02/15/25 (144A) (c)		1,995,000		1,883,475
3.950%, 07/01/24 (144A)		560,000		548,126
Capital One Financial Corp.
3.273%, SOFR + 1.790%, 03/01/30 (a)		2,700,000		2,258,548
Intercontinental Exchange, Inc.
1.850%, 09/15/32 (c)		2,155,000		1,576,195
Park Aerospace Holdings Ltd.
5.500%, 02/15/24 (144A)		390,000		388,057
				18,767,678
Electric—2.2%
Appalachian Power Co.
3.300%, 06/01/27 (c)		760,000		697,041
4.450%, 06/01/45		1,440,000		1,109,764
Arizona Public Service Co.
5.550%, 08/01/33 (c)		1,565,000		1,517,066
Duke Energy Carolinas LLC
4.250%, 12/15/41		1,300,000		1,040,334
Duke Energy Progress LLC
4.100%, 05/15/42 (c)		1,000,000		775,204
4.100%, 03/15/43		2,325,000		1,792,517
Evergy Metro, Inc.
4.200%, 03/15/48		2,250,000		1,706,024
Eversource Energy
4.600%, 07/01/27		1,660,000		1,596,589
FirstEnergy Transmission LLC
4.350%, 01/15/25 (144A)		3,430,000		3,348,047
Florida Power & Light Co.
3.990%, 03/01/49		2,000,000		1,502,624
International Transmission Co.
4.625%, 08/15/43 (c)		2,750,000		2,177,790
MidAmerican Energy Co.
4.800%, 09/15/43		905,000		771,959
Oncor Electric Delivery Co. LLC
4.950%, 09/15/52 (144A) (c)		1,500,000		1,306,667
PacifiCorp
3.350%, 07/01/25		2,000,000		1,914,288
Pennsylvania Electric Co.
3.250%, 03/15/28 (144A)		570,000		511,440
4.150%, 04/15/25 (144A)		2,800,000		2,702,131
Public Service Co. of Colorado
5.250%, 04/01/53 (c)		1,545,000		1,344,968
Public Service Co. of New Mexico
3.850%, 08/01/25 (c)		3,135,000		2,992,293
Southwestern Electric Power Co.
4.100%, 09/15/28 (c)		3,000,000		2,783,983
				31,590,729

BHFTI-337

Brighthouse Funds Trust I

TCW Core Fixed Income Portfolio

Schedule of Investments as of September 30, 2023 (Unaudited)

Corporate Bonds & Notes—(Continued)

Security Description	Principal Amount*		Value
Entertainment—0.5%
Warnermedia Holdings, Inc.
5.050%, 03/15/42		4,510,000	$	3,487,982
5.141%, 03/15/52 (c)		5,322,000		3,954,461
				7,442,443
Food—0.6%
JBS USA LUX SA/JBS USA Food Co./JBS Luxembourg Sarl 6.750%, 03/15/34 (144A)		2,285,000		2,223,282
JBS USA LUX SA/JBS USA Food Co./JBS USA Finance, Inc.
3.000%, 05/15/32		1,085,000		818,504
3.750%, 12/01/31 (c)		380,000		304,395
4.375%, 02/02/52 (c)		1,500,000		996,867
6.500%, 12/01/52 (c)		1,795,000		1,607,055
Pilgrim’s Pride Corp.
3.500%, 03/01/32 (c)		1,200,000		927,963
6.250%, 07/01/33 (c)		1,080,000		1,014,972
				7,893,038
Gas—0.6%
KeySpan Gas East Corp. 3.586%, 01/18/52 (144A)		5,000,000		3,076,238
5.994%, 03/06/33 (144A) (c)		220,000		212,307
Southern Co. Gas Capital Corp. 3.250%, 06/15/26 (c)		4,000,000		3,761,054
Spire, Inc. 4.700%, 08/15/44		1,000,000		730,638
				7,780,237
Healthcare-Services—1.7%
Centene Corp.
3.000%, 10/15/30		4,362,000		3,518,433
CommonSpirit Health
2.782%, 10/01/30		870,000		716,106
3.347%, 10/01/29		110,000		96,031
Elevance Health, Inc.
3.650%, 12/01/27 (c)		2,235,000		2,071,627
Fresenius Medical Care U.S. Finance III, Inc. 1.875%, 12/01/26 (144A) (c)		2,050,000		1,787,804
HCA, Inc.
2.375%, 07/15/31 (c)		465,000		355,906
3.625%, 03/15/32 (c)		1,035,000		857,900
5.250%, 06/15/26		1,505,000		1,473,376
5.250%, 06/15/49 (c)		3,200,000		2,628,760
5.500%, 06/15/47		1,000,000		853,561
5.875%, 02/01/29 (c)		2,000,000		1,967,557
Humana, Inc.
3.700%, 03/23/29 (c)		4,685,000		4,273,763
New York & Presbyterian Hospital
3.563%, 08/01/36		4,490,000		3,540,749
				24,141,573
Insurance—1.0%
Aon Corp./Aon Global Holdings PLC 3.900%, 02/28/52 (c)		960,000		686,096
Arthur J Gallagher & Co. 5.750%, 03/02/53 (c)		1,490,000		1,364,831
Athene Global Funding 1.985%, 08/19/28 (144A)		5,100,000		4,158,795
3.205%, 03/08/27 (144A)		1,055,000		945,082
Berkshire Hathaway Finance Corp. 3.850%, 03/15/52		615,000		458,735
Farmers Exchange Capital III 5.454%, 3M LIBOR + 3.454%, 10/15/54 (144A) (a)		3,530,000		3,004,649
Farmers Insurance Exchange 4.747%, 3M LIBOR + 3.231%, 11/01/57 (144A) (a)		90,000		67,009
Teachers Insurance & Annuity Association of America 4.375%, 3M LIBOR + 2.661%, 09/15/54 (144A) (a)		3,500,000		3,409,880
				14,095,077
Internet—0.2%
Meta Platforms, Inc.
4.450%, 08/15/52		10,000		7,916
5.600%, 05/15/53 (c)		1,710,000		1,618,445
Tencent Holdings Ltd.
3.680%, 04/22/41 (144A)		920,000		635,648
3.840%, 04/22/51 (144A)		910,000		580,401
				2,842,410
Media—0.6%
Charter Communications Operating LLC/Charter Communications Operating Capital
5.250%,4/01/53 (c)		1,605,000		1,199,742
5.375%a, 05/01/47		6,500,000		4,953,153
Time Warner Cable LLC
5.500%, 09/01/41		2,065,000		1,615,311
				7,768,206
Oil & Gas—0.2%
Hess Corp.
5.600%, 02/15/41 (c)		465,000		419,881
Petroleos Mexicanos 6.625%, 06/15/35 (c)		640,000		428,672
6.750%, 09/21/47		2,423,000		1,435,716
				2,284,269
Packaging & Containers—0.4%
Amcor Finance USA, Inc. 3.625%, 04/28/26 (c)		2,625,000		2,478,482
Berry Global, Inc. 1.570%, 01/15/26 (c)		1,587,000		1,434,543
1.650%, 01/15/27 (c)		2,631,000		2,261,394
				6,174,419
Pharmaceuticals—0.8%
Bayer U.S. Finance II LLC 4.250%, 12/15/25 (144A)		135,000		129,984
4.375%, 12/15/28 (144A)		4,506,000		4,188,439
4.400%, 07/15/44 (144A) (c)		1,205,000		901,139
4.625%, 06/25/38 (144A) (c)		1,250,000		1,026,043
4.875%, 06/25/48 (144A)		1,965,000		1,567,066

BHFTI-338

Brighthouse Funds Trust I

TCW Core Fixed Income Portfolio

Schedule of Investments as of September 30, 2023 (Unaudited)

Corporate Bonds & Notes—(Continued)

Security Description	Principal Amount*		Value
Pharmaceuticals—(Continued)
Cigna Group 3.400%, 03/15/51 (c)		739,000	$	483,736
3.875%, 10/15/47		1,100,000		786,944
CVS Health Corp. 5.050%, 03/25/48		2,830,000		2,351,292
				11,434,643
Pipelines—0.6%
Energy Transfer LP 5.000%, 05/15/50		3,455,000		2,710,266
5.150%, 03/15/45		1,032,000		831,499
5.400%, 10/01/47 (c)		885,000		729,903
Plains All American Pipeline LP/PAA Finance Corp. 3.800%, 09/15/30 (c)		1,290,000		1,108,042
Rockies Express Pipeline LLC 4.950%, 07/15/29 (144A) (c)		3,000,000		2,672,080
TransCanada PipeLines Ltd. 4.625%, 03/01/34 (c)		145,000		126,308
				8,178,098
Real Estate Investment Trusts—1.9%
American Assets Trust LP 3.375%, 02/01/31		1,950,000		1,459,601
American Homes 4 Rent LP 2.375%, 07/15/31		975,000		743,369
3.375%, 07/15/51		860,000		516,150
American Tower Corp.
2.300%, 09/15/31 (c)		1,400,000		1,062,460
2.700%, 04/15/31 (c)		2,265,000		1,796,297
5.550%, 07/15/33 (c)		710,000		676,532
5.650%, 03/15/33 (c)		1,020,000		980,492
CubeSmart LP
2.500%, 02/15/32		425,000		323,319
Extra Space Storage LP
2.350%, 03/15/32 (c)		525,000		396,846
2.400%, 10/15/31		349,000		267,183
2.550%, 06/01/31 (c)		1,000,000		778,495
3.900%, 04/01/29		320,000		287,416
GLP Capital LP/GLP Financing II, Inc.
3.250%, 01/15/32		27,000		20,954
4.000%, 01/15/30		457,000		387,561
4.000%, 01/15/31 (c)		60,000		49,951
5.250%, 06/01/25 (c)		280,000		274,231
5.300%, 01/15/29		265,000		245,660
5.375%, 04/15/26 (c)		1,575,000		1,527,093
5.750%, 06/01/28 (c)		2,000,000		1,917,601
Healthcare Realty Holdings LP
2.000%, 03/15/31 (c)		1,022,000		765,952
2.050%, 03/15/31		211,000		152,457
3.500%, 08/01/26 (c)		2,399,000		2,228,544
Hudson Pacific Properties LP
3.250%, 01/15/30		900,000		612,400
3.950%, 11/01/27		265,000		209,185
4.650%, 04/01/29 (c)		250,000		188,211
5.950%, 02/15/28		1,355,000		1,131,195
Invitation Homes Operating Partnership LP
2.000%, 08/15/31		2,144,000		1,586,647
5.500%, 08/15/33 (c)		255,000		238,013
Physicians Realty LP
2.625%, 11/01/31 (c)		990,000		745,632
Rexford Industrial Realty LP 2.150%, 09/01/31		155,000		115,577
VICI Properties LP
4.950%, 02/15/30		35,000		32,024
5.125%, 05/15/32 (c)		1,811,000		1,620,978
5.625%, 05/15/52		849,000		703,053
VICI Properties LP/VICI Note Co., Inc.
3.750%, 02/15/27 (144A)		35,000		31,760
3.875%, 02/15/29 (144A)		885,000		764,740
4.125%, 08/15/30 (144A) (c)		262,000		222,800
4.500%, 09/01/26 (144A)		550,000		516,700
4.500%, 01/15/28 (144A) (c)		389,000		354,997
4.625%, 06/15/25 (144A) (c)		145,000		140,025
5.750%, 02/01/27 (144A)		240,000		232,336
				26,304,437
Retail—0.0%
Tractor Supply Co.
5.250%, 05/15/33 (c)		740,000		698,749
Savings & Loans—0.2%
Nationwide Building Society
2.972%, SOFR + 1.290%, 02/16/28 (144A) (a)(c)		2,435,000		2,177,761
Semiconductors—0.1%
Broadcom, Inc.
2.600%, 02/15/33 (144A)		1,569,000		1,169,978
Software—0.6%
Fiserv, Inc.
5.600%, 03/02/33 (c)		1,945,000		1,885,064
5.625%, 08/21/33 (c)		390,000		377,888
Oracle Corp.
3.600%, 04/01/50		1,705,000		1,102,883
3.950%, 03/25/51 (c)		4,282,000		2,935,504
6.900%, 11/09/52 (c)		1,465,000		1,509,139
Take-Two Interactive Software, Inc.
4.000%, 04/14/32 (c)		775,000		675,974
				8,486,452
Telecommunications—0.8%
AT&T, Inc.
4.850%, 03/01/39		1,368,000		1,157,556
5.250%, 03/01/37		2,485,000		2,256,641
Sprint Spectrum Co. LLC/Sprint Spectrum Co. II LLC/Sprint Spectrum Co. III LLC
4.738%, 03/20/25 (144A)		3,005,622		2,973,740
5.152%, 09/20/29 (144A)		1,485,000		1,458,934
T-Mobile USA, Inc.
3.750%, 04/15/27		2,145,000		2,004,330
3.875%, 04/15/30		1,308,000		1,158,850
Vodafone Group PLC
4.875%, 06/19/49 (c)		1,242,000		991,528
				12,001,579
Total Corporate Bonds & Notes (Cost $429,804,226)				376,948,728

BHFTI-339

Brighthouse Funds Trust I

TCW Core Fixed Income Portfolio

Schedule of Investments as of September 30, 2023 (Unaudited)

Asset-Backed Securities—11.0%

Security Description	Principal Amount*		Value
Asset-Backed—Home Equity—0.8%
New Century Home Equity Loan Trust
6.214%, 1M TSFR + 0.894%, 08/25/34 (a)		5,103,705	$	4,828,165
Soundview Home Loan Trust
5.644%, 1M TSFR + 0.324%, 06/25/37 (a)		9,927,433		6,494,626
				11,322,791
Asset-Backed—Other—6.7%
AGL CLO 12 Ltd.
6.748%, 3M TSFR + 1.422%, 07/20/34 (144A) (a)		5,400,000		5,353,047
Ameriquest Mortgage Securities, Inc. Asset-Backed Pass-Through Certificates
6.184%, 1M TSFR + 0.864%, 01/25/36 (a)		5,965,000		5,699,333
AMMC CLO XIII Ltd.
6.657%, 3M TSFR + 1.312%, 07/24/29 (144A) (a)		1,479,203		1,478,990
Arbor Realty Commercial Real Estate Notes Ltd.
6.517%, 1M TSFR + 1.184%, 08/15/34 (144A) (a)		4,570,000		4,501,432
Carrington Mortgage Loan Trust
5.574%, 1M TSFR + 0.254%, 12/25/36 (a)		6,035,965		5,745,733
Clover CLO LLC 6.708%, 3M TSFR + 1.382%, 04/20/32 (144A) (a)		5,000,000		4,989,465
Countrywide Asset-Backed Certificates Trust 6.784%, 1M TSFR + 1.464%, 08/25/47 (a)		3,300,000		2,970,771
Dryden XXVI Senior Loan Fund 6.470%, 3M TSFR + 1.162%, 04/15/29 (144A) (a)		1,772,809		1,766,701
Flexential Issuer 3.250%, 11/27/51 (144A)		4,753,000		4,161,812
FS Rialto Issuer LLC 6.645%, 1M TSFR + 1.314%, 12/16/36 (144A) (a)		1,837,349		1,807,090
JP Morgan Mortgage Acquisition Trust 5.784%, 1M TSFR + 0.464%, 01/25/37 (a)		8,307,000		7,457,760
Madison Park Funding XIX Ltd. 6.527%, 3M TSFR + 1.182%, 01/22/28 (144A) (a)		1,474,237		1,468,783
Neuberger Berman CLO XX Ltd. 7.220%, 3M TSFR + 1.912%, 07/15/34 (144A) (a)		5,000,000		4,936,570
New Economy Assets Phase 1 Sponsor LLC 2.410%, 10/20/61 (144A)		4,765,000		3,962,056
Octagon Investment Partners 46 Ltd. 6.730%, 3M TSFR + 1.422%, 07/15/36 (144A) (a)		5,520,000		5,489,259
OHA Credit Funding 4 Ltd. 7.257%, 3M TSFR + 1.912%, 10/22/36 (144A) (a)		4,000,000		3,960,768
Popular ABS Mortgage Pass-Through Trust 6.019%, 1M TSFR + 0.699%, 02/25/36 (a)		1,438,015		1,411,755
Progress Residential Trust 3.369%, 09/17/36 (144A)		3,300,000		3,186,442
Rockford Tower CLO Ltd. 6.778%, 3M TSFR + 1.452%, 10/20/30 (144A) (a)		4,895,313		4,885,169
Structured Asset Investment Loan Trust 6.234%, 1M TSFR + 0.914%, 07/25/34 (a)		1,416,982		1,375,756
U.S. Small Business Administration 3.800%, 08/01/47		3,770,661		3,362,668
3.930%, 07/01/47		6,962,914		6,276,434
5.040%, 10/01/47		3,882,098		3,751,052
Wellman Park CLO Ltd. 6.670%, 3M TSFR + 1.362%, 07/15/34 (144A) (a)		4,750,000		4,710,793
				94,709,639
Asset-Backed—Student Loan—3.5%
Navient Student Loan Trust 6.479%, SOFR30A + 1.164%, 07/26/66 (144A) (a)		5,034,819		4,993,664
6.929%, SOFR30A + 1.614%, 10/25/58 (a)		2,470,000		2,319,992
SLC Student Loan Trust 5.642%, SOFR90A + 0.422%, 09/15/39 (a)		7,066,813		6,835,747
5.642%, SOFR90A + 0.422%, 03/15/55 (a)		6,512,029		6,277,029
SLM Student Loan Trust 5.646%, SOFR90A + 0.592%, 01/25/22 (a)		1,877,965		1,823,982
5.686%, SOFR90A + 0.632%, 01/25/40 (a)		2,704,170		2,487,441
5.866%, SOFR90A + 0.812%, 10/25/64 (144A) (a)		3,319,038		3,244,777
6.179%, SOFR30A + 0.864%, 05/26/26 (a)		3,921,673		3,795,265
6.179%, SOFR30A + 0.864%, 01/25/45 (144A) (a)		1,878,526		1,858,442
6.416%, SOFR90A + 1.362%, 07/25/23 (a)		3,851,591		3,811,038
6.682%, SOFR90A + 1.462%, 12/15/33 (144A) (a)		2,770,852		2,723,359
7.229%, SOFR30A + 1.914%, 09/25/43 (a)		5,800,000		5,383,412
Wachovia Student Loan Trust 5.486%, SOFR90A + 0.432%, 04/25/40 (144A) (a)		3,245,259		3,134,807
				48,688,955
Total Asset-Backed Securities (Cost $157,539,661)				154,721,385
Mortgage-Backed Securities—7.5%
Collateralized Mortgage Obligations—4.9%
Angel Oak Mortgage Trust 3.353%, 01/25/67 (144A) (a)		6,770,751		5,913,069
CIM Trust 1.951%, 06/25/57 (144A) (a)		4,914,060		4,271,229
2.000%, 05/01/61 (144A) (a)		5,640,206		4,783,930
2.000%, 08/25/61 (144A) (a)		4,593,024		3,677,027
2.500%, 04/25/51 (144A) (a)		10,639,281		8,028,082
3.000%, 10/25/59 (144A) (a)		4,110,809		3,667,403
5.400%, 04/25/62 (144A) (a)		7,002,712		6,527,197
CSMC Trust 3.850%, 09/25/57 (144A) (a)		3,967,803		3,648,472
4.547%, 05/25/67 (144A) (a)		4,068,325		3,841,796
GS Mortgage-Backed Securities Trust 3.750%, 10/25/57 (144A)		3,059,874		2,882,773
JP Morgan Mortgage Trust 2.500%, 12/25/51 (144A) (a)		6,085,426		5,382,329
2.500%, 06/25/52 (144A) (a)		10,112,012		8,401,656
PHH Alternative Mortgage Trust 6.034%, 1M TSFR + 0.714%, 07/25/37 (a)		3,484,829		3,285,771
Towd Point Mortgage Trust 2.750%, 10/25/56 (144A) (a)		362,070		358,027
WaMu Mortgage Pass-Through Certificates Trust 5.056%, 06/25/34 (a)		2,424,450		2,255,393
6.014%, 1M TSFR + 0.694%, 10/25/45 (a)		1,643,724		1,522,896
				68,447,050
Commercial Mortgage-Backed Securities—2.6%
BAMLL Commercial Mortgage Securities Trust 4.227%, 08/10/38 (144A) (a)		3,265,000		2,858,421

BHFTI-340

Brighthouse Funds Trust I

TCW Core Fixed Income Portfolio

Schedule of Investments as of September 30, 2023 (Unaudited)

Mortgage-Backed Securities—(Continued)

Security Description	Principal Amount*		Value
Commercial Mortgage-Backed Securities—(Continued)
Bank 4.493%, 06/15/55 (a)		4,231,000	$	3,811,032
BX Trust 3.202%, 12/09/41 (144A)		895,000		754,377
BXHPP Trust 6.097%, 1M TSFR + 0.764%, 08/15/36 (144A) (a)		4,777,000		4,498,456
COMM Mortgage Trust 3.620%, 07/10/50		1,654,171		1,612,125
CSAIL Commercial Mortgage Trust 2.561%, 03/15/53		3,384,500		2,742,380
DC Office Trust 2.965%, 09/15/45 (144A)		1,850,000		1,460,444
GS Mortgage Securities Corportation Trust 6.405%, 1M TSFR + 1.064%, 12/15/36 (144A) (a)		4,225,000		4,140,245
Hudson Yards Mortgage Trust 3.041%, 12/10/41 (144A) (a)		1,850,000		1,523,756
3.228%, 07/10/39 (144A)		1,875,000		1,584,470
JP Morgan Chase Commercial Mortgage Securities Trust 3.397%, 06/05/39 (144A)		2,000,000		1,696,169
Ladder Capital Commercial Mortgage Trust 3.551%, 07/12/50 (144A)		2,834,000		2,586,766
One Bryant Park Trust 2.516%, 09/15/54 (144A)		2,390,000		1,898,299
RBS Commercial Funding, Inc. Trust 3.961%, 01/15/32 (144A) (a)		1,205,000		1,185,266
SFAVE Commercial Mortgage Securities Trust 3.872%, 01/05/43 (144A) (a)		2,219,000		1,473,274
4.144%, 01/05/43 (144A) (a)		110,000		71,941
SMRT Commercial Mortgage Trust 8.683%, 1M TSFR + 3.350%, 01/15/39 (144A) (a)		3,500,000		3,224,805
				37,122,226
Total Mortgage-Backed Securities (Cost $118,761,362)				105,569,276
Municipals—0.5%
City of New York 5.968%, 03/01/36		1,750,000		1,806,263
County of Miami-Dade Aviation Revenue 3.555%, 10/01/34		600,000		498,086
New York City Transitional Finance Authority Future Tax Secured Revenue 4.200%, 11/01/30		1,250,000		1,173,282
5.267%, 05/01/27		2,150,000		2,152,410
Regents of the University of California Medical Center Pooled Revenue 3.256%, 05/15/60		3,420,000		2,144,456
Total Municipals (Cost $9,967,852)				7,774,497
Short-Term Investments—17.2%
Security Description	Shares/ Principal Amount*		Value
Mutual Funds—14.7%
State Street Institutional Liquid Reserves Fund, Trust Class 5.390% (e)		207,941,045		208,024,222
U.S. Treasury—2.5%
U.S. Treasury Bills 5.303%, 11/28/23 (f)		16,420,000		16,281,494
5.413%, 02/15/24 (f)		19,440,000		19,050,676
				35,332,170
Total Short-Term Investments (Cost $243,368,960)				243,356,392
Securities Lending Reinvestments (g)—7.8%
Certificates of Deposit—2.8%
Bank of America N.A. 5.700%, FEDEFF PRV + 0.370%, 11/17/23 (a)		2,000,000		2,000,270
Bank of Montreal 6.100%, SOFR + 0.790%, 11/08/23 (a)		3,000,000		3,001,929
Canadian Imperial Bank of Commerce (NY) 5.710%, SOFR + 0.400%, 10/13/23 (a)		5,000,000		5,000,490
Citibank N.A. 5.670%, SOFR + 0.350%, 02/20/24 (a)		3,000,000		3,000,225
Mitsubishi UFJ Trust & Banking Corp.
Zero Coupon, 10/19/23		2,000,000		1,994,100
Zero Coupon, 10/20/23		1,000,000		996,900
Mizuho Bank Ltd. 5.610%, SOFR + 0.290%, 10/17/23 (a)		4,000,000		4,000,196
Nordea Bank Abp 5.660%, SOFR + 0.350%, 10/23/23 (a)		5,000,000		5,000,760
Royal Bank of Canada 5.710%, FEDEFF PRV + 0.380%, 11/27/23 (a)		4,000,000		4,001,008
Sumitomo Mitsui Trust Bank Ltd. 5.580%, SOFR + 0.270%, 10/23/23 (a)		4,000,000		4,000,212
Svenska Handelsbanken AB 5.840%, SOFR + 0.520%, 04/19/24 (a)		3,000,000		3,001,815
Toronto-Dominion Bank 5.730%, FEDEFF PRV + 0.400%, 02/13/24 (a)		3,000,000		3,001,740
				38,999,645
Commercial Paper—1.0%
National Australia Bank Ltd.
5.660%, SOFR + 0.350%, 12/05/23 (a)		2,000,000		2,000,440
Skandinaviska Enskilda Banken AB
5.680%, SOFR + 0.360%, 11/15/23 (a)		4,000,000		4,001,080
5.700%, SOFR + 0.380%, 12/15/23 (a)		5,000,000		5,002,000
UBS AG
5.600%, SOFR + 0.280%, 11/27/23 (a)		3,000,000		3,000,000
				14,003,520
Repurchase Agreements—3.0%
Bank of Nova Scotia Repurchase Agreement dated 09/29/23 at 5.450%, due on 10/02/23 with a maturity value of $5,002,271; collateralized by various Common Stock with an aggregate market value of $5,559,761.		5,000,000		5,000,000

BHFTI-341

Brighthouse Funds Trust I

TCW Core Fixed Income Portfolio

Schedule of Investments as of September 30, 2023 (Unaudited)

Securities Lending Reinvestments (g)—(Continued)

Security Description	Principal Amount*		Value
Repurchase Agreements—(Continued)
Cantor Fitzgerald & Co. Repurchase Agreement dated 09/29/23 at 5.320%, due on 10/02/23 with a maturity value of $10,004,433; collateralized by U.S. Government Agency Obligations with rates ranging from 1.500%—7.267%, maturity dates ranging from 02/01/24—08/20/71, and an aggregate market value of $10,200,000.		10,000,000	$	10,000,000
Citigroup Global Markets, Inc.
Repurchase Agreement dated 09/29/23 at 5.470%, due on 10/06/23 with a maturity value of $4,504,786; collateralized by U.S. Treasury Obligations with rates ranging from 0.250%—5.403%, maturity dates ranging from 01/31/24—10/31/25, and various Common Stock with an aggregate market value of $4,590,111.		4,500,000		4,500,000
Repurchase Agreement dated 09/29/23 at 5.870%, due on 04/01/24 with a maturity value of $5,150,826; collateralized by U.S. Treasury Obligations with rates ranging from 2.000%—2.875%, maturity dates ranging from 02/15/25—05/15/49, and various Common Stock with an aggregate market value of $5,314,856.		5,000,000		5,000,000
ING Financial Markets LLC
Repurchase Agreement dated 09/29/23 at 5.300%, due on 10/02/23 with a maturity value of $2,051,201; collateralized by U.S. Treasury Obligations with rates ranging from 0.000%—4.500%, maturity dates ranging from 10/12/23—02/15/50, and an aggregate market value of $2,091,302.		2,050,296		2,050,296
National Bank of Canada
Repurchase Agreement dated 09/29/23 at 5.450%, due on 10/06/23 with a maturity value of $5,005,299; collateralized by various Common Stock with an aggregate market value of $5,579,937.		5,000,000		5,000,000
NBC Global Finance Ltd.
Repurchase Agreement dated 09/29/23 at 5.460%, due on 10/02/23 with a maturity value of $1,000,455; collateralized by various Common Stock with an aggregate market value of $1,115,995.		1,000,000		1,000,000
Royal Bank of Canada Toronto
Repurchase Agreement dated 09/29/23 at 5.590%, due on 11/03/23 with a maturity value of $5,027,174; collateralized by various Common Stock with an aggregate market value of $5,556,418.		5,000,000		5,000,000
Societe Generale
Repurchase Agreement dated 09/29/23 at 5.340%, due on 10/02/23 with a maturity value of $4,001,780; collateralized by U.S. Treasury Obligations with rates ranging from 0.375%—5.403%, maturity dates ranging from 01/31/24—02/15/37, and an aggregate market value of $4,089,687.		4,000,000		4,000,000
Repurchase Agreement dated 09/29/23 at 5.420%, due on 10/02/23 with a maturity value of $100,045; collateralized by various Common Stock with an aggregate market value of $111,302.		100,000		100,000
				41,650,296
Time Deposit—0.2%
National Bank of Canada 5.370%, OBFR + 0.050%, 10/06/23 (a)		3,000,000		3,000,000
Mutual Funds—0.8%
BlackRock Liquidity Funds FedFund, Institutional Shares 5.230% (e)		1,000,000		1,000,000
HSBC U.S. Government Money Market Fund, Class I 5.270% (e)		2,000,000		2,000,000
RBC U.S. Government Money Market Fund, Institutional Shares 5.270% (e)		1,000,000		1,000,000
State Street Institutional U.S. Government Money Market Fund, Premier Class 5.290% (e)		1,000,000		1,000,000
Western Asset Institutional Government Reserves Fund, Institutional Class 5.250% (e)		6,602,391		6,602,391
				11,602,391
Total Securities Lending Reinvestments (Cost $109,244,642)				109,255,852
Total Investments—141.7% (Cost $2,123,667,086)				1,999,689,323
Other assets and liabilities (net)—(41.7)%				(588,254,064	)
Net Assets—100.0%			$	1,411,435,259

*	Principal amount stated in U.S. dollars unless otherwise noted.
(a)	Variable or floating rate security. The stated rate represents the rate at September 30, 2023. Maturity date shown for callable securities reflects the earliest possible call date. For securities based on a published reference index and spread, the index and spread are indicated in the description above. For certain variable rate securities, the coupon rate is determined by the issuer/agent based on current market conditions. For certain asset- and mortgage-backed securities, the coupon rate may fluctuate based on changes of the underlying collateral or prepayments of principal. These securities do not indicate a reference index and spread in their description above.
(b)	TBA (To Be Announced) Securities are purchased on a forward commitment basis with an approximate principal amount and no defined maturity date. The actual principal and maturity date will be determined upon settlement date.
(c)	All or a portion of the security was held on loan. As of September 30, 2023, the market value of securities loaned was $193,603,382 and the collateral received consisted of cash in the amount of $109,209,986 and non-cash collateral with a value of $91,054,496. The cash collateral investments are disclosed in the Schedule of Investments and categorized as Securities Lending Reinvestments. The non-cash collateral received consists of U.S. government securities that are held in safe-keeping by the lending agent, or a third-party custodian, and cannot be sold or repledged by the Portfolio.
(d)	Principal amount of security is adjusted for inflation.
(e)	The rate shown represents the annualized seven-day yield as of September 30, 2023.
(f)	The rate shown represents current yield to maturity.
(g)	Represents investment of cash collateral received from securities on loan as of September 30, 2023.
(144A)	Securities exempt from registration under Rule 144A of the Securities Act of 1933. These securities may be resold in transactions exempt from registration, normally to qualified institutional buyers. As of September 30, 2023, the market value of 144A securities was $254,362,915, which is 18.0% of net assets.

BHFTI-342

Brighthouse Funds Trust I

TCW Core Fixed Income Portfolio

Schedule of Investments as of September 30, 2023 (Unaudited)

Futures Contracts

Futures Contracts—Long	Expiration Date		Number of Contracts		Notional Amount			Value/ Unrealized Appreciation/ (Depreciation)
U.S. Treasury Note 2 Year Futures		12/29/23		1,834		USD	371,771,860	$	(1,214,925	)
U.S. Treasury Note 5 Year Futures		12/29/23		248		USD	26,129,125		(191,348	)
U.S. Treasury Note Ultra 10 Year Futures		12/19/23		26		USD	2,900,625		(91,753	)
U.S. Treasury Ultra Long Bond Futures		12/19/23		32		USD	3,798,000		(209,806	)
Net Unrealized Depreciation								$	(1,707,832	)

Swap Agreements

Centrally Cleared Interest Rate Swaps

Pay/Receive Floating Rate

Floating Rate Index

Payment Frequency

Fixed Rate

Payment Frequency

Maturity Date

Notional Amount

Market Value

Upfront Premiums Paid/(Received)

Unrealized Appreciation/ (Depreciation)(1)

Receive

12M SOFR

Annually

3.520

%

Annually

12/20/53

USD

10,830,000

$

840,907

$

—

$

840,907

(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

(FEDEFF PRV)—	Effective Federal Funds Rate
(H15)—	U.S. Treasury Yield Curve Rate T-Note Constant Maturity Index
(LIBOR)—	London Interbank Offered Rate
(OBFR)—	U.S. Overnight Bank Funding Rate
(SOFR)—	Secured Overnight Financing Rate
(SOFR30A)—	Secured Overnight Financing Rate 30-Day Average
(SOFR90A)—	Secured Overnight Financing Rate 90-Day Average
(TSFR)—	Term Secured Overnight Financing Rate

Other Abbreviations

(CLO)—	Collateralized Loan Obligation
(DAC)—	Designated Activity Company
(REMIC)—	Real Estate Mortgage Investment Conduit
(STACR)—	Structured Agency Credit Risk

BHFTI-343

Brighthouse Funds Trust I

TCW Core Fixed Income Portfolio

Schedule of Investments as of September 30, 2023 (Unaudited)

Fair Value Hierarchy

Accounting principles generally accepted in the United States of America (“GAAP”) define fair market value as the price that the Portfolio would receive to sell an asset or pay to transfer a liability in an orderly transaction between market participants at the measurement date. It establishes a fair value hierarchy that prioritizes inputs to valuation methods and requires disclosure of the fair value hierarchy, separately for each major category of assets and liabilities, that segregates fair value measurements into three levels. Levels 1, 2 and 3 of the fair value hierarchy are defined as follows:

Level 1 - unadjusted quoted prices in active markets for identical investments

Level 2 - other significant observable inputs (including, but not limited to, quoted prices for similar assets or liabilities in markets that are either active or inactive; inputs other than quoted prices that are observable such as interest rates, yield curves, volatilities, prepayment speeds, loss severities, credit risks, default rates, or other market corroborated inputs)

Level 3 - significant unobservable inputs based on the best information available in the circumstances, to the extent observable inputs are unavailable (including the Portfolio’s own assumptions used in determining the fair value of investments and derivative financial instruments)

The inputs or methodologies used for valuing investments are not necessarily an indication of the risk associated with investing in them. Changes to the inputs or methodologies used may result in transfers between levels. A reconciliation of Level 3 securities, if any, will be disclosed following the fair value hierarchy table. For more information about the Portfolio’s policy regarding the valuation of investments, please refer to the Notes to Schedule of Investments.

The following table summarizes the fair value hierarchy of the Portfolio’s investments as of September 30, 2023:

Description	Level 1			Level 2			Level 3		Total
Total U.S. Treasury & Government Agencies*	$	—		$	1,002,063,193		$	—	$	1,002,063,193
Total Corporate Bonds & Notes*		—			376,948,728			—		376,948,728
Total Asset-Backed Securities*		—			154,721,385			—		154,721,385
Total Mortgage-Backed Securities*		—			105,569,276			—		105,569,276
Total Municipals*		—			7,774,497			—		7,774,497
Short-Term Investments
Mutual Funds		208,024,222			—			—		208,024,222
U.S. Treasury		—			35,332,170			—		35,332,170
Total Short-Term Investments		208,024,222			35,332,170			—		243,356,392
Securities Lending Reinvestments
Certificates of Deposit		—			38,999,645			—		38,999,645
Commercial Paper		—			14,003,520			—		14,003,520
Repurchase Agreements		—			41,650,296			—		41,650,296
Time Deposit		—			3,000,000			—		3,000,000
Mutual Funds		11,602,391			—			—		11,602,391
Total Securities Lending Reinvestments		11,602,391			97,653,461			—		109,255,852
Total Investments	$	219,626,613		$	1,780,062,710		$	—	$	1,999,689,323
Collateral for Securities Loaned (Liability)	$	—			$(109,209,986	)	$	—	$	(109,209,986	)
Futures Contracts
Futures Contracts (Unrealized Depreciation)	$	(1,707,832	)	$	—		$	—	$	(1,707,832	)
Centrally Cleared Swap Contracts
Centrally Cleared Swap Contracts (Unrealized Appreciation)	$	—		$	840,907		$	—	$	840,907

* See Schedule of Investments for additional detailed categorizations.

BHFTI-344

Brighthouse Funds Trust I

Victory Sycamore Mid Cap Value Portfolio

Schedule of Investments as of September 30, 2023 (Unaudited)

Common Stocks—98.4% of Net Assets

Security Description	Shares		Value
Aerospace & Defense—2.1%
Textron, Inc.		236,700	$	18,495,738
Automobile Components—2.9%
Aptiv PLC (a)		130,000		12,816,700
BorgWarner, Inc.		330,000		13,322,100
				26,138,800
Banks—1.9%
Huntington Bancshares, Inc. (b)		580,200		6,034,080
Prosperity Bancshares, Inc. (b)		203,100		11,085,198
				17,119,278
Building Products—1.7%
Carrier Global Corp.		164,600		9,085,920
Owens Corning		41,800		5,701,938
				14,787,858
Capital Markets—2.8%
Bank of New York Mellon Corp.		308,300		13,148,995
T. Rowe Price Group, Inc.		109,500		11,483,265
				24,632,260
Chemicals—2.9%
RPM International, Inc.		121,400		11,509,934
Westlake Corp. (b)		116,800		14,561,456
				26,071,390
Commercial Services & Supplies—1.4%
Republic Services, Inc.		86,600		12,341,366
Communications Equipment—1.0%
Motorola Solutions, Inc.		32,800		8,929,472
Consumer Staples Distribution & Retail—3.0%
BJ’s Wholesale Club Holdings, Inc. (a) (b)		158,500		11,312,145
Sysco Corp.		173,400		11,453,070
U.S. Foods Holding Corp. (a)		110,200		4,374,940
				27,140,155
Containers & Packaging—6.3%
AptarGroup, Inc.		72,700		9,090,408
Avery Dennison Corp. (b)		82,000		14,978,940
Crown Holdings, Inc.		178,100		15,758,288
Packaging Corp. of America (b)		103,500		15,892,425
				55,720,061
Electric Utilities—3.3%
Alliant Energy Corp.		310,000		15,019,500
Xcel Energy, Inc.		251,400		14,385,108
				29,404,608
Electrical Equipment—0.7%
Hubbell, Inc.		18,900		5,923,449
Electronic Equipment, Instruments & Components—3.2%
Amphenol Corp. - Class A		165,100		13,866,749
Flex Ltd. (a)		528,700		14,264,326
				28,131,075
Entertainment—0.9%
Live Nation Entertainment, Inc. (a)		93,700		7,780,848
Financial Services—1.6%
Global Payments, Inc.		126,000		14,539,140
Food Products—1.0%
Tyson Foods, Inc. - Class A		177,900		8,982,171
Ground Transportation—2.4%
J.B. Hunt Transport Services, Inc.		76,900		14,497,188
Landstar System, Inc. (b)		41,300		7,307,622
				21,804,810
Health Care Equipment & Supplies—3.8%
Cooper Cos., Inc.		31,500		10,017,315
Hologic, Inc. (a)		173,000		12,006,200
Zimmer Biomet Holdings, Inc.		109,000		12,231,980
				34,255,495
Health Care Providers & Services—2.2%
Molina Healthcare, Inc. (a) (b)		14,700		4,819,983
Quest Diagnostics, Inc.		120,200		14,647,572
				19,467,555
Hotels, Restaurants & Leisure—4.0%
Darden Restaurants, Inc. (b)		78,500		11,242,770
Hilton Worldwide Holdings, Inc.		64,400		9,671,592
Yum! Brands, Inc.		121,200		15,142,728
				36,057,090
Insurance—8.2%
American Financial Group, Inc.		128,800		14,383,096
Everest Group Ltd. (b)		25,500		9,477,585
Hartford Financial Services Group, Inc.		175,500		12,444,705
Old Republic International Corp.		565,000		15,221,100
Progressive Corp.		64,300		8,956,990
W.R. Berkley Corp.		204,900		13,009,101
				73,492,577
Life Sciences Tools & Services—1.6%
Agilent Technologies, Inc.		79,500		8,889,690
ICON PLC (ADR) (a)		22,400		5,516,000
				14,405,690
Machinery—6.2%
AGCO Corp.		104,800		12,395,744
Lincoln Electric Holdings, Inc. (b)		33,400		6,071,786
Middleby Corp. (a) (b)		103,000		13,184,000
Parker-Hannifin Corp.		15,300		5,959,656

BHFTI-345

Brighthouse Funds Trust I

Victory Sycamore Mid Cap Value Portfolio

Schedule of Investments as of September 30, 2023 (Unaudited)

Common Stocks—(Continued)

Security Description	Shares		Value
Machinery—(Continued)
Toro Co. (b)		115,800	$	9,622,980
Xylem, Inc.		90,300		8,220,009
				55,454,175
Metals & Mining—2.1%
Franco-Nevada Corp.		103,500		13,816,215
Reliance Steel & Aluminum Co.		19,200		5,034,816
				18,851,031
Office REITs—1.5%
Alexandria Real Estate Equities, Inc. (b)		131,500		13,163,150
Oil, Gas & Consumable Fuels—4.5%
Coterra Energy, Inc.		588,100		15,908,105
Devon Energy Corp.		267,500		12,759,750
Hess Corp.		74,400		11,383,200
				40,051,055
Passenger Airlines—1.2%
Alaska Air Group, Inc. (a) (b)		291,000		10,790,280
Professional Services—7.5%
FTI Consulting, Inc. (a) (b)		68,200		12,167,562
Genpact Ltd.		339,500		12,289,900
Leidos Holdings, Inc.		161,500		14,883,840
ManpowerGroup, Inc.		124,800		9,150,336
Maximus, Inc. (b)		155,000		11,575,400
TransUnion		95,800		6,877,482
				66,944,520
Residential REITs—2.8%
Camden Property Trust		128,600		12,162,988
Equity LifeStyle Properties, Inc. (b)		197,600		12,589,096
				24,752,084
Retail REITs—1.5%
NNN REIT, Inc.		387,600		13,697,784
Semiconductors & Semiconductor Equipment—3.0%
MKS Instruments, Inc. (b)		148,200		12,825,228
Skyworks Solutions, Inc. (b)		140,800		13,881,472
				26,706,700
Specialized REITs—1.5%
Lamar Advertising Co. - Class A (b)		160,800		13,421,976
Specialty Retail—2.9%
Dick’s Sporting Goods, Inc. (b)		83,500		9,066,430
Ross Stores, Inc.		146,000		16,490,700
				25,557,130
Technology Hardware, Storage & Peripherals—2.7%
Hewlett Packard Enterprise Co.		568,000		9,866,160
Western Digital Corp. (a)		306,400		13,981,032
				23,847,192
Textiles, Apparel & Luxury Goods—2.1%
Ralph Lauren Corp. (b)		99,300		11,527,737
Tapestry, Inc.		255,400		7,342,750
				18,870,487
Total Common Stocks (Cost $824,103,245)				877,728,450
Short-Term Investment—1.0%
Repurchase Agreement—1.0%
Fixed Income Clearing Corp. Repurchase Agreement dated 09/29/23 at 2.500%, due on 10/02/23 with a maturity value of $8,424,048; collateralized by U.S. Treasury Note at 0.750%, maturing 04/30/26, with a market value of $8,590,759.		8,422,293		8,422,293
Total Short-Term Investments (Cost $8,422,293)				8,422,293
Securities Lending Reinvestments (c)—10.7%
Certificates of Deposit—5.1%
Bank of America N.A. 5.700%, FEDEFF PRV + 0.370%, 11/17/23 (d)		1,000,000		1,000,135
Bank of Montreal 6.100%, SOFR + 0.790%, 11/08/23 (d)		3,000,000		3,001,929
Bank of Nova Scotia 5.600%, SOFR + 0.290%, 11/20/23 (d)		2,000,000		2,000,150
Barclays Bank PLC 5.720%, SOFR + 0.400%, 02/14/24 (d)		3,000,000		3,000,216
BNP Paribas SA 5.760%, SOFR + 0.450%, 10/10/23 (d)		3,000,000		2,999,856
Canadian Imperial Bank of Commerce (NY) 5.690%, SOFR + 0.380%, 12/12/23 (d)		2,000,000		2,000,972
5.710%, SOFR + 0.400%, 10/13/23 (d)		3,000,000		3,000,294
Citibank N.A. 5.670%, SOFR + 0.350%, 02/20/24 (d)		2,000,000		2,000,150
Credit Industriel et Commercial 5.510%, SOFR + 0.200%, 12/01/23 (d)		3,000,000		2,999,736
Mitsubishi UFJ Trust and Banking Corp.
Zero Coupon, 10/19/23		1,000,000		997,050
Zero Coupon, 10/20/23		1,000,000		996,900
Mizuho Bank Ltd. 5.610%, SOFR + 0.290%, 10/17/23 (d)		4,000,000		4,000,196
Nordea Bank Abp 5.660%, SOFR + 0.350%, 10/23/23 (d)		2,000,000		2,000,304
Oversea-Chinese Banking Corp. Ltd. 5.550%, SOFR + 0.230%, 11/13/23 (d)		3,000,000		3,000,438
Standard Chartered Bank 5.680%, SOFR + 0.370%, 03/12/24 (d)		2,000,000		2,000,000
Svenska Handelsbanken AB 5.660%, SOFR + 0.340%, 10/31/23 (d)		2,000,000		2,000,210

BHFTI-346

Brighthouse Funds Trust I

Victory Sycamore Mid Cap Value Portfolio

Schedule of Investments as of September 30, 2023 (Unaudited)

Securities Lending Reinvestments (c)—(Continued)

Security Description	Principal Amount*		Value
Certificates of Deposit—(Continued)
Toronto-Dominion Bank 5.730%, FEDEFF PRV + 0.400%, 02/13/24 (d)		1,000,000	$	1,000,580
5.780%, FEDEFF PRV + 0.450%, 10/13/23 (d)		4,000,000		4,000,380
Wells Fargo Bank N.A. 5.780%, SOFR + 0.470%, 11/09/23 (d)		3,000,000		3,001,080
				45,000,576
Commercial Paper—1.1%
Old Line Funding LLC 5.620%, SOFR + 0.300%, 12/28/23 (d)		1,000,000		999,999
Skandinaviska Enskilda Banken AB 5.680%, SOFR + 0.360%, 11/15/23 (d)		2,000,000		2,000,540
5.700%, SOFR + 0.380%, 12/15/23 (d)		4,000,000		4,001,600
UBS AG 5.600%, SOFR + 0.280%, 11/27/23 (d)		3,000,000		3,000,000
				10,002,139
Repurchase Agreements—4.2%
Citigroup Global Markets, Inc. Repurchase Agreement dated 09/29/23 at 5.470%, due on 10/06/23 with a maturity value of $2,302,446; collateralized by U.S. Treasury Obligations with rates ranging from 0.250% - 5.403%, maturity dates ranging from 01/31/24 - 10/31/25, and various Common Stock with an aggregate market value of $2,346,057.		2,300,000		2,300,000
Repurchase Agreement dated 09/29/23 at 5.620%, due on 11/03/23 with a maturity value of $3,016,392; collateralized by U.S. Treasury Obligations with rates ranging from 0.125% - 4.250%, maturity dates ranging from 07/15/25 - 11/30/28, and various Common Stock with an aggregate market value of $3,060,219.		3,000,000		3,000,000
Repurchase Agreement dated 09/29/23 at 5.870%, due on 04/01/24 with a maturity value of $4,120,661; collateralized by U.S. Treasury Obligations with rates ranging from 2.000% - 2.875%, maturity dates ranging from 02/15/25 - 05/15/49, and various Common Stock with an aggregate market value of $4,251,885.		4,000,000		4,000,000
ING Financial Markets LLC Repurchase Agreement dated 09/29/23 at 5.300%, due on 10/02/23 with a maturity value of $11,439,717; collateralized by U.S. Treasury Obligations with rates ranging from 0.000% - 4.500%, maturity dates ranging from 10/12/23 - 02/15/50, and an aggregate market value of $11,663,361.		11,434,666		11,434,666
National Bank of Canada Repurchase Agreement dated 09/29/23 at 5.320%, due on 10/06/23 with a maturity value of $2,002,069; collateralized by U.S. Treasury Obligations with rates ranging from 0.000% - 4.000%, maturity dates ranging from 10/12/23 -02/15/32, and an aggregate market value of $2,049,559.		2,000,000		2,000,000
Repurchase Agreement dated 09/29/23 at 5.450%, due on 10/06/23 with a maturity value of $12,012,717; collateralized by various Common Stock with an aggregate market value of $13,391,848.		12,000,000		12,000,000
Repurchase Agreements—(Continued)
Royal Bank of Canada Toronto Repurchase Agreement dated 09/29/23 at 5.590%, due on 11/03/23 with a maturity value of $3,016,304; collateralized by various Common Stock with an aggregate market value of $3,333,851.		3,000,000		3,000,000
				37,734,666
Time Deposit—0.3%
National Bank of Canada 5.370%, OBFR + 0.050%, 10/06/23 (d)		3,000,000		3,000,000
Total Securities Lending Reinvestments (Cost $95,730,233)				95,737,381
Total Investments—110.1% (Cost $928,255,771)				981,888,124
Other assets and liabilities (net)—(10.1)%				(89,781,702	)
Net Assets—100.0%			$	892,106,422

*	Principal amount stated in U.S. dollars unless otherwise noted.
(a)	Non-income producing security.
(b)	All or a portion of the security was held on loan. As of September 30, 2023, the market value of securities loaned was $107,768,647 and the collateral received consisted of cash in the amount of $95,710,928 and non-cash collateral with a value of $14,276,066. The cash collateral investments are disclosed in the Schedule of Investments and categorized as Securities Lending Reinvestments. The non-cash collateral received consists of U.S. government securities that are held in safe-keeping by the lending agent, or a third-party custodian, and cannot be sold or repledged by the Portfolio.
(c)	Represents investment of cash collateral received from securities on loan as of September 30, 2023.
(d)	Variable or floating rate security. The stated rate represents the rate at September 30, 2023. 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

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

Other Abbreviations

(ADR)—	American Depositary Receipt
(REIT)—	Real Estate Investment Trust

BHFTI-347

Brighthouse Funds Trust I

Victory Sycamore Mid Cap Value Portfolio

Schedule of Investments as of September 30, 2023 (Unaudited)

Fair Value Hierarchy

Accounting principles generally accepted in the United States of America (“GAAP”) define fair market value as the price that the Portfolio would receive to sell an asset or pay to transfer a liability in an orderly transaction between market participants at the measurement date. It establishes a fair value hierarchy that prioritizes inputs to valuation methods and requires disclosure of the fair value hierarchy, separately for each major category of assets and liabilities, that segregates fair value measurements into three levels. Levels 1, 2 and 3 of the fair value hierarchy are defined as follows:

Level 1 - unadjusted quoted prices in active markets for identical investments

Level 2 - other significant observable inputs (including, but not limited to, quoted prices for similar assets or liabilities in markets that are either active or inactive; inputs other than quoted prices that are observable such as interest rates, yield curves, volatilities, prepayment speeds, loss severities, credit risks, default rates, or other market corroborated inputs)

Level 3 - significant unobservable inputs based on the best information available in the circumstances, to the extent observable inputs are unavailable (including the Portfolio’s own assumptions used in determining the fair value of investments and derivative financial instruments)

The inputs or methodologies used for valuing investments are not necessarily an indication of the risk associated with investing in them. Changes to the inputs or methodologies used may result in transfers between levels. A reconciliation of Level 3 securities, if any, will be disclosed following the fair value hierarchy table. For more information about the Portfolio’s policy regarding the valuation of investments, please refer to the Notes to Schedule of Investments.

The following table summarizes the fair value hierarchy of the Portfolio’s investments as of September 30, 2023:

Description	Level 1		Level 2			Level 3		Total
Total Common Stocks*	$	877,728,450	$	—		$	—	$	877,728,450
Total Short-Term Investment*		—		8,422,293			—		8,422,293
Total Securities Lending Reinvestments*		—		95,737,381			—		95,737,381
Total Investments	$	877,728,450	$	104,159,674		$	—	$	981,888,124
Collateral for Securities Loaned (Liability)	$	—	$	(95,710,928	)	$	—	$	(95,710,928	)

* See Schedule of Investments for additional detailed categorizations.

BHFTI-348

Brighthouse Funds Trust I

Western Asset Management Government Income Portfolio

Schedule of Investments as of September 30, 2023 (Unaudited)

U.S. Treasury & Government Agencies—89.1% of Net Assets

Security Description	Principal Amount*		Value
Agency Sponsored Mortgage - Backed—34.0%
Federal Home Loan Mortgage Corp. 1.500%, 05/01/41		1,733,842	$	1,338,137
1.500%, 07/01/41		1,265,456		976,630
2.000%, 01/01/42		2,144,834		1,713,223
2.000%, 11/01/50		149,707		114,563
2.000%, 03/01/51		87,860		67,766
2.000%, 09/01/51		172,778		133,147
2.000%, 11/01/51		260,200		200,863
2.500%, 06/01/50		182,061		146,167
2.500%, 07/01/50		597,729		482,443
2.500%, 11/01/50		2,081,094		1,679,048
2.500%, 12/01/50		290,003		233,961
2.500%, 02/01/51		285,995		227,410
2.500%, 07/01/51		286,873		221,084
2.500%, 09/01/51		3,573,894		2,848,864
2.500%, 11/01/51		1,811,561		1,457,164
2.500%, 01/01/52		2,388,537		1,910,332
2.500%, 03/01/52		538,351		432,426
2.500%, 04/01/52		3,064,617		2,464,906
3.000%, 06/01/31		234,346		218,211
3.000%, 02/01/32		5,442		5,039
3.000%, 03/01/33		747,100		691,699
3.000%, 09/01/33		65,711		60,269
3.000%, 11/01/33		782,463		704,169
3.000%, 03/01/34		59,288		54,375
3.000%, 11/01/42		79,899		68,409
3.000%, 01/01/43		98,207		84,071
3.000%, 02/01/43		466,085		399,015
3.000%, 03/01/43		4,897,173		4,192,307
3.000%, 06/01/43		1,138,925		974,960
3.000%, 09/01/48		385,476		324,592
3.000%, 09/01/49		1,532,534		1,292,671
3.000%, 11/01/49		461,739		387,946
3.000%, 03/01/50		214,848		180,414
3.000%, 05/01/50		117,679		99,002
3.000%, 02/01/51		248,562		207,571
3.000%, 04/01/52		758,761		631,318
3.500%, 03/01/32		353,767		326,547
3.500%, 06/01/32		961,599		886,336
3.500%, 07/01/32		328,472		303,185
3.500%, 04/01/33		135,195		127,055
3.500%, 02/01/34		1,507,811		1,389,257
3.500%, 04/01/40		58,988		52,430
3.500%, 05/01/40		123,424		109,703
3.500%, 06/01/40		133,176		118,372
3.500%, 07/01/40		16,760		14,896
3.500%, 08/01/40		77,795		69,146
3.500%, 09/01/40		52,859		46,982
3.500%, 10/01/40		29,402		26,128
3.500%, 11/01/40		59,743		53,026
3.500%, 12/01/40		49,500		43,934
3.500%, 04/01/42		277,770		246,874
3.500%, 07/01/42		41,096		36,529
3.500%, 08/01/42		25,667		22,783
3.500%, 09/01/42		109,685		97,177
Agency Sponsored Mortgage - Backed—(Continued)
Federal Home Loan Mortgage Corp. 3.500%, 10/01/42		667,455		592,751
3.500%, 01/01/43		223,550		198,508
3.500%, 02/01/43		114,209		101,487
3.500%, 04/01/43		348,510		309,355
3.500%, 05/01/43		163,374		144,912
3.500%, 11/01/44		175,309		154,298
3.500%, 02/01/45		3,935		3,494
3.500%, 06/01/45		7,560		6,660
3.500%, 11/01/45		1,656,707		1,457,797
3.500%, 01/01/46		145,981		128,061
3.500%, 02/01/46		461,480		405,073
3.500%, 05/01/46		536,953		472,650
3.500%, 06/01/46		83,665		73,360
3.500%, 07/01/46		714,021		626,173
3.500%, 08/01/46		61,709		54,764
3.500%, 09/01/46		350,686		308,399
3.500%, 01/01/47		987,932		867,857
3.500%, 02/01/47		1,004,019		880,148
3.500%, 07/01/47		227,525		199,932
3.500%, 11/01/47		14,464		12,739
3.500%, 12/01/47		212,922		186,652
3.500%, 02/01/48		65,933		57,716
3.500%, 04/01/48		228,025		199,608
3.500%, 04/01/52		1,270,852		1,103,124
3.500%, 05/01/52		374,215		324,559
4.000%, 06/01/33		397,815		369,850
4.000%, 1Y RFUCCT + 1.750%, 12/01/40 (a)		218,901		220,628
4.000%, 11/01/41		2,757		2,528
4.000%, 09/01/42		1,223,989		1,122,237
4.000%, 10/01/42		13,990		12,843
4.000%, 11/01/42		171,415		157,217
4.000%, 12/01/42		58,169		53,351
4.000%, 01/01/43		10,337		9,458
4.000%, 02/01/43		93,775		86,005
4.000%, 03/01/43		36,177		33,120
4.000%, 04/01/43		11,327		10,390
4.000%, 05/01/43		123,808		113,447
4.000%, 06/01/43		18,835		17,106
4.000%, 07/01/43		146,332		134,066
4.000%, 08/01/43		101,254		92,564
4.000%, 09/01/43		185,737		170,288
4.000%, 10/01/43		190,424		174,433
4.000%, 01/01/44		133,048		121,775
4.000%, 02/01/44		23,439		21,416
4.000%, 04/01/44		11,907		10,891
4.000%, 07/01/44		282,568		259,093
4.000%, 01/01/45		165,260		151,103
4.000%, 02/01/45		191,958		175,595
4.000%, 05/01/45		310,291		284,511
4.000%, 12/01/45		202,968		185,263
4.000%, 12/01/47		418,803		380,350
4.000%, 05/01/48		207,046		188,079
4.000%, 07/01/49		425,846		386,177
4.000%, 05/01/52		614,666		549,531

BHFTI-349

Brighthouse Funds Trust I

Western Asset Management Government Income Portfolio

Schedule of Investments as of September 30, 2023 (Unaudited)

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

Security Description	Principal Amount*		Value
Agency Sponsored Mortgage - Backed—(Continued)
Federal Home Loan Mortgage Corp.
4.000%, 06/01/52		1,232,461	$	1,098,767
4.000%, 07/01/52		191,961		171,038
4.130%, 1Y RFUCCT + 1.880%, 10/01/41 (a)		89,773		88,870
4.500%, 05/01/39		39,701		37,557
4.500%, 07/01/40		610,427		576,642
4.500%, 09/01/40		314,348		297,367
4.500%, 02/01/41		30,804		29,140
4.500%, 08/01/41		239,533		226,581
4.500%, 09/01/41		40,492		38,304
4.500%, 10/01/41		79,962		75,640
4.500%, 02/01/44		11,195		10,476
4.500%, 06/01/52		1,999,595		1,843,132
4.500%, 07/01/52		1,151,548		1,058,679
4.500%, 08/01/52		663,766		610,248
4.991%, 1Y RFUCCT + 1.750%, 09/01/41 (a)		97,486		98,507
5.000%, 01/01/35		75,219		73,814
5.000%, 05/01/35		33,413		32,785
5.000%, 07/01/35		431,364		423,257
5.000%, 11/01/35		547,851		537,538
5.000%, 06/01/41		733,385		715,465
5.000%, 07/01/41		90,881		87,434
5.000%, 06/01/52		91,472		86,337
5.000%, 07/01/52		827,956		782,848
5.212%, 1Y RFUCCT + 1.910%, 05/01/41 (a)		17,245		17,440
5.255%, 1Y RFUCCT + 1.880%, 04/01/41 (a)		2,347		2,287
5.500%, 03/01/34		493,230		491,387
5.500%, 07/01/35		319,071		317,880
5.568%, 1Y RFUCCT + 1.910%, 05/01/41 (a)		19,214		19,497
5.671%, 1Y RFUCCT + 1.912%, 10/01/42 (a)		36,081		36,200
5.675%, 1Y RFUCCT + 1.880%, 09/01/41 (a)		9,325		9,318
5.698%, 1Y RFUCCT + 1.910%, 06/01/41 (a)		18,513		18,809
6.000%, 01/01/24		864		865
6.160%, 1Y RFUCCT + 1.910%, 06/01/41 (a)		6,116		6,061
6.500%, 02/01/53		1,380,111		1,390,149
Federal Home Loan Mortgage Corp. Multifamily Structured Pass-Through Certificates
3.750%, 11/25/29		156,868		148,457
3.750%, 11/25/32		1,000,000		916,268
3.990%, 05/25/33 (a)		3,650,000		3,390,281
Federal Home Loan Mortgage Corp. REMICS
1.750%, 06/15/42		69,726		62,822
3.500%, 11/15/31		602,734		570,406
4.000%, 01/15/41		4,389,449		4,058,974
4.500%, 02/15/41		8,749		8,303
5.000%, 10/15/34		125,564		122,849
5.000%, 12/15/37		48,291		46,282
5.000%, 03/15/41		224,561		218,664
5.000%, 04/15/41		794,788		774,933
5.000%, 05/15/41		1,089,868		1,062,021
5.500%, 05/15/34		736,303		719,341
5.500%, 11/15/36		282,478		275,278
5.500%, 06/15/41		1,685,124		1,681,617
5.828%, SOFR30A + 0.514%, 03/15/34 (a)		127,567		126,303
6.328%, SOFR30A + 1.014%, 02/15/33 (a)		66,288		66,770
Federal National Mortgage Association
2.000%, 11/01/41		2,140,444		1,711,411
2.000%, 08/01/50		228,789		175,881
2.000%, 10/01/50		220,301		168,856
2.000%, 01/01/51		162,009		124,206
2.000%, 02/01/51		538,271		411,817
2.000%, 03/01/51		81,235		62,672
2.000%, 04/01/51		3,027,099		2,307,711
2.000%, 08/01/51		1,562,766		1,194,968
2.000%, 10/01/51		96,439		74,409
2.000%, 01/01/52		630,749		483,713
2.000%, 02/01/52		984,767		757,742
2.000%, 03/01/52		1,709,570		1,324,226
2.500%, 04/01/42		4,876,401		4,007,071
2.500%, 06/01/50		617,346		496,832
2.500%, 09/01/50		442,625		355,217
2.500%, 10/01/50		3,064,690		2,458,259
2.500%, 11/01/50		513,628		413,701
2.500%, 01/01/51		463,812		373,854
2.500%, 02/01/51		149,527		120,011
2.500%, 03/01/51		262,532		209,241
2.500%, 04/01/51		235,763		190,065
2.500%, 05/01/51		871,681		687,056
2.500%, 06/01/51		156,269		125,732
2.500%, 07/01/51		82,691		66,909
2.500%, 08/01/51		243,544		194,147
2.500%, 09/01/51		426,848		343,216
2.500%, 10/01/51		3,427,351		2,730,022
2.500%, 11/01/51		681,932		550,700
2.500%, 12/01/51		4,763,453		3,822,474
2.500%, 01/01/52		275,881		212,694
2.500%, 02/01/52		1,075,652		862,826
2.500%, 03/01/52		615,221		493,622
2.500%, 04/01/52		357,977		287,235
2.500%, 09/01/61		535,653		412,087
3.000%, 08/01/27		25,382		23,732
3.000%, 10/01/27		38,891		36,363
3.000%, 11/01/27		12,418		11,605
3.000%, 12/01/27		22,901		21,401
3.000%, 01/01/28		22,169		20,700
3.000%, 02/01/28		17,884		16,699
3.000%, 03/01/28		22,158		20,699
3.000%, 04/01/28		18,686		17,438
3.000%, 05/01/28		23,787		22,192
3.000%, 06/01/28		21,629		20,167
3.000%, 07/01/28		23,316		21,746
3.000%, 08/01/28		25,293		23,583
3.000%, 09/01/28		27,534		25,665
3.000%, 01/01/29		19,300		17,972
3.000%, 03/01/29		34,125		31,764
3.000%, 06/01/32		44,344		41,004
3.000%, 10/01/32		4,654		4,303
3.000%, 02/01/33		1,684,788		1,558,741
3.000%, 03/01/33		224,415		207,494

BHFTI-350

Brighthouse Funds Trust I

Western Asset Management Government Income Portfolio

Schedule of Investments as of September 30, 2023 (Unaudited)

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

Security Description	Principal Amount*		Value
Agency Sponsored Mortgage - Backed—(Continued)
Federal National Mortgage Association
3.000%, 04/01/33		175,178	$	161,980
3.000%, 05/01/33		81,491		74,630
3.000%, 06/01/33		35,410		32,428
3.000%, 07/01/33		176,151		161,323
3.000%, 08/01/33		741,174		678,829
3.000%, 10/01/33		177,110		162,204
3.000%, 11/01/33		109,998		100,756
3.000%, 12/01/33		58,735		53,797
3.000%, 01/01/34		55,208		50,562
3.000%, 02/01/34		90,130		82,560
3.000%, 03/01/34		231,469		211,989
3.000%, 05/01/34		112,755		102,725
3.000%, 05/01/42		6,071,763		5,160,060
3.000%, 09/01/42		900,373		769,710
3.000%, 10/01/42		538,348		460,232
3.000%, 11/01/42		1,268,776		1,084,610
3.000%, 06/01/43		125,954		107,667
3.000%, 07/01/43		277,769		237,671
3.000%, 10/01/43		272,828		233,537
3.000%, 01/01/45		250,335		214,038
3.000%, 08/01/46		128,353		108,524
3.000%, 09/01/46		380,844		322,006
3.000%, 10/01/46		161,851		136,642
3.000%, 11/01/48		663,631		563,799
3.000%, 09/01/49		549,130		460,164
3.000%, 11/01/49		129,413		108,087
3.000%, 02/01/50		574,765		482,835
3.000%, 03/01/50		512,934		428,357
3.000%, 04/01/50		808,953		677,609
3.000%, 08/01/50		278,870		233,318
3.000%, 11/01/50		430,413		362,673
3.000%, 05/01/51		162,123		135,635
3.000%, 06/01/51		454,753		382,334
3.000%, 09/01/51		556,450		462,831
3.000%, 10/01/51		1,400,431		1,167,135
3.000%, 11/01/51		1,522,396		1,276,152
3.000%, 12/01/51		80,231		67,168
3.000%, 01/01/52		599,646		505,240
3.000%, 03/01/52		87,539		73,936
3.000%, 04/01/52		455,790		377,359
3.500%, 07/01/32		971,952		895,883
3.500%, 09/01/32		898,520		827,809
3.500%, 01/01/34		672,726		619,528
3.500%, 11/01/42		1,250,822		1,106,250
3.500%, 11/01/46		195,242		173,324
3.500%, 07/01/47		908,694		797,171
3.500%, 12/01/47		2,304,693		2,023,097
3.500%, 11/01/48		97,156		85,252
3.500%, 06/01/49		266,185		233,043
3.500%, 08/01/50		62,021		54,317
3.500%, 05/01/51		188,247		162,871
3.500%, 07/01/51		1,294,126		1,128,000
3.500%, 12/01/51		173,883		150,423
3.500%, 01/01/52		349,687		304,296
3.500%, 03/01/52		537,023		467,388
3.500%, 04/01/52		1,342,968		1,161,904
3.500%, 05/01/52		1,735,464		1,507,552
3.500%, 10/01/56		1,142,596		985,951
Federal National Mortgage Association
4.000%, 11/01/31		388,763		360,922
4.000%, 08/01/32		320,707		297,726
4.000%, 10/01/39		42,620		39,028
4.000%, 11/01/40		1,091,023		998,973
4.000%, 01/01/42		127,608		116,839
4.000%, 04/01/42		177,476		162,496
4.000%, 09/01/42		871,004		797,496
4.000%, 10/01/42		102,069		93,455
4.000%, 11/01/42		111,520		102,517
4.000%, 06/01/43		114,856		105,282
4.000%, 08/01/43		172,009		157,386
4.000%, 09/01/43		755,409		691,526
4.000%, 10/01/43		121,117		110,895
4.000%, 02/01/44		45,980		42,100
4.000%, 04/01/44		57,559		52,703
4.000%, 02/01/45		58,646		53,497
4.000%, 06/01/45		30,068		27,531
4.000%, 12/01/45		452,191		412,769
4.000%, 03/01/46		32,834		29,842
4.000%, 05/01/46		21,315		19,382
4.000%, 09/01/47		8,467		7,782
4.000%, 05/01/48		363,659		329,863
4.000%, 10/01/48		695,074		628,431
4.000%, 05/01/52		94,400		84,722
4.000%, 06/01/52		1,670,013		1,495,270
4.000%, 07/01/52		2,015,937		1,797,915
4.068%, 1Y RFUCCT + 1.818%, 09/01/41 (a)		6,182		6,170
4.080%, 1Y RFUCCT + 1.830%, 10/01/41 (a)		5,043		4,997
4.304%, 1Y RFUCCT + 1.818%, 02/01/42 (a)		29,307		28,898
4.500%, 12/01/40		746,824		705,481
4.500%, 08/01/41		60,123		56,795
4.500%, 11/01/41		388,805		367,274
4.500%, 10/01/44		492,174		461,864
4.500%, 02/01/45		200,292		187,852
4.500%, 05/01/48		24,233		22,730
4.500%, 12/01/48		844,682		790,490
4.500%, 04/01/49		21,179		19,799
4.500%, 09/01/49		98,713		92,362
4.500%, 10/01/49		45,863		42,897
4.500%, 01/01/50		195,940		185,097
4.500%, 07/01/52		2,371,895		2,180,935
4.500%, 08/01/58		109,100		100,753
5.000%, 04/01/41		7,212		6,896
5.000%, 06/01/41		18,662		17,924
5.000%, 08/01/41		10,221		9,779
5.000%, 08/01/48		46,071		44,206
5.000%, 02/01/53		97,913		92,575
5.192%, 1Y RFUCCT + 1.700%, 06/01/42 (a)		15,411		15,432
5.500%, 12/01/39		210,793		209,122
5.500%, 04/01/40		218,004		216,887
5.500%, 06/01/40		25,405		25,275
5.500%, 05/01/41		85,382		84,945
5.500%, 06/01/41		148,508		147,748
5.500%, 07/01/41		152,099		151,320
5.500%, 12/01/41		292,913		291,413
5.500%, 02/01/42		626,269		623,061
5.500%, 05/01/44		169,131		168,265
6.000%, 10/01/34		53,816		54,584
6.000%, 09/01/37		12,773		12,872
6.000%, 10/01/37		140,813		143,175

BHFTI-351

Brighthouse Funds Trust I

Western Asset Management Government Income Portfolio

Schedule of Investments as of September 30, 2023 (Unaudited)

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

Security Description	Principal Amount*		Value
Agency Sponsored Mortgage - Backed—(Continued)
Federal National Mortgage Association
6.000%, 01/01/38		139,804	$	142,149
6.000%, 03/01/38		51,877		53,095
6.000%, 07/01/38		25,118		25,514
6.000%, 01/01/40		138,295		140,510
6.000%, 05/01/40		197,261		200,571
6.000%, 07/01/41		727,541		739,655
6.000%, 01/01/42		13,019		12,948
6.050%, 1Y RFUCCT + 1.800%, 07/01/41 (a)		7,261		7,280
6.051%, 1Y RFUCCT + 1.818%, 07/01/41 (a)		12,077		12,335
6.500%, 07/01/32		33,759		34,630
6.500%, 12/01/32		9,875		10,123
6.500%, 07/01/35		11,435		11,614
6.500%, 12/01/35		99,974		102,187
6.500%, 08/01/36		170,234		174,276
6.500%, 08/01/39		584,533		588,895
6.691%, 02/01/39		38,076		38,477
Federal National Mortgage Association REMICS
1.121%, -1x SOFR30A + 6.436%, 06/25/41 (a)(b)		20,338		171
1.750%, 06/25/42		92,405		81,896
1.750%, 01/25/43		84,463		75,232
3.000%, 05/25/46		1,652,658		1,518,775
4.250%, 03/25/42		816,477		746,508
4.500%, 12/25/40		53,029		48,209
4.750%, 01/25/41		198,301		182,394
Federal National Mortgage Association Grantor Trust
2.898%, 06/25/27		6,085,526		5,574,286
5.000%, 12/25/23		6		5
5.000%, 12/25/34		102,999		100,619
5.000%, 03/25/35		83,333		81,406
5.000%, 08/25/39		139,720		136,490
5.000%, 02/25/41		83,234		76,778
5.500%, 06/25/35		10,553		10,467
5.500%, 08/25/35		431,728		419,753
6.000%, 06/25/45 (b)		226,059		34,790
6.349%, SOFR30A + 1.034%, 03/25/36 (a)		147,083		148,395
6.359%, SOFR30A + 1.044%, 06/25/36 (a)		210,496		212,315
Government National Mortgage Association
2.000%, 02/20/51		362,635		287,486
2.000%, 11/20/51		173,709		137,337
2.500%, 12/20/50		221,709		178,735
2.500%, 02/20/51		506,632		414,571
2.500%, 03/20/51		676,935		553,682
2.500%, 04/20/51		71,288		58,368
3.000%, 05/15/42		193,697		168,550
3.000%, 12/20/42		493,659		423,702
3.000%, 03/20/43		462,428		394,095
3.000%, 04/15/43		63,344		55,126
3.000%, 05/15/43		43,649		37,871
3.000%, 01/15/45		24,241		20,762
3.000%, 02/15/45		33,503		28,653
3.000%, 03/15/45		189,237		161,921
3.000%, 05/15/45		13,364		11,430
3.000%, 06/15/45		18,395		15,890
Government National Mortgage Association
3.000%, 07/15/45		102,093		87,313
3.000%, 01/20/48		604,539		519,542
3.000%, 09/20/51		3,887,989		3,305,630
3.000%, 04/20/52		82,726		68,824
3.500%, 11/15/41		118,865		106,814
3.500%, 02/15/42		90,547		81,364
3.500%, 03/15/42		128,736		115,713
3.500%, 05/15/42		272,974		245,295
3.500%, 06/15/42		175,528		157,724
3.500%, 12/20/42		150,677		134,856
3.500%, 05/20/46		718,174		639,210
3.500%, 06/20/46		1,851,853		1,649,075
3.500%, 11/20/47		118,658		105,223
3.500%, 10/20/48		407,641		361,384
3.500%, 05/15/50		160,865		143,342
3.500%, 02/20/52		178,288		156,205
3.500%, 04/20/52		184,100		161,289
3.500%, 06/20/52		92,671		79,348
4.000%, 09/20/39		46,331		42,902
4.000%, 09/15/40		613,092		564,426
4.000%, 10/15/40		38,457		35,658
4.000%, 10/20/40		6,481		6,001
4.000%, 11/20/40		450,397		417,082
4.000%, 03/15/41		356,819		330,359
4.000%, 06/15/41		13,322		12,366
4.000%, 09/15/41		67,440		62,448
4.000%, 10/15/41		288,685		266,409
4.000%, 10/20/41		588,142		544,538
4.000%, 11/15/41		92,345		85,457
4.000%, 11/20/41		225,787		209,008
4.000%, 12/15/41		263,926		243,935
4.000%, 01/15/42		9,257		8,593
4.000%, 02/15/42		13,522		12,444
4.000%, 03/15/42		87,899		81,226
4.000%, 04/20/42		293,426		271,395
4.000%, 06/20/42		22,337		20,652
4.000%, 11/15/42		9,573		8,895
4.000%, 01/15/43		36,238		33,210
4.000%, 10/20/44		512,918		472,331
4.000%, 11/20/44		513,259		472,578
4.000%, 12/20/44		29,587		27,241
4.000%, 08/20/46		88,053		80,547
4.000%, 08/20/48		84,605		77,203
4.000%, 03/15/50		31,912		29,071
4.000%, 03/20/50		29,670		27,451
4.000%, 04/20/50		250,518		227,459
4.500%, 08/15/39		561,080		536,634
4.500%, 02/20/40		50,023		47,506
4.500%, 06/15/40		158,462		151,449
4.500%, 07/15/40		35,846		34,178
4.500%, 09/20/40		5,390		5,113
4.500%, 03/15/41		215,635		205,876
4.500%, 04/15/41		17,928		17,082
4.500%, 08/20/48		441,027		412,842
4.500%, 09/20/48		300,658		281,671
4.500%, 10/20/48		425,938		399,038

BHFTI-352

Brighthouse Funds Trust I

Western Asset Management Government Income Portfolio

Schedule of Investments as of September 30, 2023 (Unaudited)

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

Security Description	Principal Amount*		Value
Agency Sponsored Mortgage - Backed—(Continued)
Government National Mortgage Association
4.500%, 01/20/49		65,191	$	61,121
4.500%, 03/20/50		90,230		83,397
4.500%, 09/20/52		3,723,056		3,442,809
5.000%, 03/15/39		23,968		23,437
5.000%, 07/15/39		46,267		45,308
5.000%, 08/15/39		39,328		38,249
5.000%, 09/15/39		27,774		27,107
5.000%, 04/15/40		14,876		14,407
5.000%, 08/15/40		68,194		66,097
5.000%, 04/15/41		43,166		41,645
5.000%, 09/15/41		30,519		29,812
5.470%, 08/20/59 (a)		325		304
5.500%, 10/15/39		6,839		6,820
6.000%, 06/15/36		326,348		334,422
Government National Mortgage Association REMICS
0.661%, -1x 1M TSFR + 5.986%, 07/20/41 (a)(b)		63,189		4,724
2.500%, 11/20/46		96,790		83,692
2.750%, 02/20/64		458,417		450,708
3.250%, 08/20/68		1,832,266		1,738,876
4.000%, 12/20/40		1,223,610		1,150,125
4.500%, 05/16/40		17,644		17,306
4.500%, 05/20/40 (b)		1,975		0
4.500%, 12/20/40		1,111,128		1,039,110
4.871%, 1M TSFR + 0.764%, 05/20/61 (a)		6,579		6,474
5.000%, 12/20/39		2,717,138		2,665,073
5.000%, 03/20/40		1,276,391		1,252,215
5.010%, 09/20/60 (a)		6,576		6,462
5.500%, 04/20/34		217,667		216,481
5.689%, 1M TSFR + 0.364%, 10/20/47 (a)		495,004		473,563
5.730%, 1Y H15 + 0.350%, 08/20/66 (a)		1,339,142		1,333,105
5.732%, 1M TSFR + 0.414%, 08/20/60 (a)		53,584		53,165
5.732%, 1M TSFR + 0.414%, 09/20/60 (a)		81,419		80,779
5.739%, 1M TSFR + 0.414%, 05/20/48 (a)		435,592		417,567
5.739%, 1M TSFR + 0.414%, 06/20/48 (a)		571,911		548,215
5.773%, 1M TSFR + 0.444%, 07/20/60 (a)		111,801		111,038
5.880%, 1Y H15 + 0.500%, 05/20/66 (a)		1,022,730		1,019,686
5.919%, 1M TSFR + 0.594%, 01/20/38 (a)		16,229		16,053
5.922%, 1M TSFR + 0.604%, 02/20/61 (a)		34,566		34,397
5.932%, 1M TSFR + 0.614%, 12/20/60 (a)		117,917		117,406
5.932%, 1M TSFR + 0.614%, 02/20/61 (a)		8,705		8,662
5.932%, 1M TSFR + 0.614%, 04/20/61 (a)		45,703		45,493
5.932%, 1M TSFR + 0.614%, 05/20/61 (a)		108,283		107,844
5.939%, 1M TSFR + 0.614%, 07/20/37 (a)		62,577		62,305
5.962%, 1M TSFR + 0.644%, 06/20/61 (a)		55,928		55,706
5.975%, 1M TSFR + 0.644%, 12/16/39 (a)		57,119		56,358
6.032%, 1M TSFR + 0.714%, 10/20/61 (a)		271,812		270,955
6.045%, 1M TSFR + 0.714%, 11/16/39 (a)		93,623		92,717
6.062%, 1M TSFR + 0.744%, 01/20/62 (a)		216,706		216,009
6.062%, 1M TSFR + 0.744%, 03/20/62 (a)		215,379		214,560
6.132%, 1M TSFR + 0.814%, 11/20/61 (a)		207,274		206,831
6.132%, 1M TSFR + 0.814%, 01/20/62 (a)		232,609		232,102
				197,407,104
Federal Agencies—42.0%
Federal Farm Credit Banks Funding Corp.
1.300%, 05/13/30		20,000,000		15,871,677
1.600%, 07/15/30		10,000,000		7,932,758
1.980%, 07/13/38		19,515,000		13,061,857
3.700%, 03/24/42		10,000,000		7,667,911
4.375%, 03/03/33		8,400,000		7,966,883
5.480%, 06/27/42		2,000,000		1,858,712
Federal Home Loan Banks
2.125%, 09/14/29		11,000,000		9,498,472
Federal Home Loan Mortgage Corp.
Zero Coupon, 12/14/29		10,000,000		7,408,423
Zero Coupon, 09/15/36		10,000,000		5,121,894
Zero Coupon, 12/15/36		45,000,000		22,542,462
6.750%, 03/15/31		1,841,000		2,063,275
Federal Home Loan Mortgage Corp. STRIPS
Zero Coupon, 07/15/32		17,100,000		10,940,028
Federal National Mortgage Association
Zero Coupon, 11/15/30		10,000,000		7,010,896
Federal National Mortgage Association Principal STRIPS
Zero Coupon, 05/15/30		40,000,000		28,846,717
Resolution Funding Corp. Interest STRIPS
Zero Coupon, 07/15/29		7,500,000		5,612,574
Resolution Funding Corp. Principal STRIPS
Zero Coupon, 01/15/30		35,623,000		26,163,062
Zero Coupon, 04/15/30		35,000,000		25,124,186
Tennessee Valley Authority
0.750%, 05/15/25		5,000,000		4,641,258
2.875%, 09/15/24		4,050,000		3,949,721
Tennessee Valley Authority Generic STRIPS
Zero Coupon, 07/15/29		8,669,000		6,477,513
Zero Coupon, 01/15/34		12,669,000		7,405,256
U.S. Department of Housing & Urban Development
2.738%, 08/01/25		5,000,000		4,752,510
U.S. International Development Finance Corp.
1.110%, 05/15/29		4,928,571		4,353,600
1.920%, 12/15/32		9,047,619		7,820,219
				244,091,864
U.S. Treasury — 13.1%
U.S. Treasury Bonds
2.875%, 05/15/52		27,100,000		19,214,535
3.000%, 05/15/45		9,800,000		7,277,649
3.000%, 02/15/48		18,000,000		13,169,531
3.625%, 02/15/44		27,000,000		22,450,078
3.625%, 05/15/53		2,590,000		2,144,439
4.000%, 11/15/42		5,190,000		4,606,530
U.S. Treasury Inflation-Indexed Bonds
0.125%, 02/15/52 (c)		1,866,702		1,024,316
0.250%, 02/15/50 (c)		2,972,350		1,748,665
U.S. Treasury Inflation-Indexed Notes
1.125%, 01/15/33 (c)		1,026,170		926,640

BHFTI-353

Brighthouse Funds Trust I

Western Asset Management Government Income Portfolio

Schedule of Investments as of September 30, 2023 (Unaudited)

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

Security Description	Principal Amount*		Value
U.S. Treasury—(Continued)
U.S. Treasury Notes 2.625%, 01/31/26		4,000,000	$	3,796,719
				76,359,102
Total U.S. Treasury & Government Agencies
(Cost $628,706,414)				517,858,070
Foreign Government—9.9%
Sovereign—9.9%
Abu Dhabi Government International Bond
3.125%, 10/11/27 (144A)		2,860,000		2,666,813
Colombia Government International Bond
3.125%, 04/15/31		5,090,000		3,760,777
Hashemite Kingdom of Jordan Government AID Bond
3.000%, 06/30/25		10,389,000		9,881,512
Indonesia Government International Bond
4.750%, 02/11/29		4,410,000		4,228,088
Israel Government AID Bonds
5.500%, 12/04/23		15,210,000		15,205,675
5.500%, 04/26/24		1,900,000		1,896,390
5.500%, 09/18/33		5,000,000		5,182,410
Mexico Government International Bond
4.500%, 04/22/29 (d)		4,650,000		4,332,947
Panama Government International Bond
3.750%, 03/16/25		2,780,000		2,683,133
Peru Government International Bond
4.125%, 08/25/27 (d)		2,620,000		2,494,957
Poland Government International Bond
3.250%, 04/06/26		2,820,000		2,678,267
Qatar Government International Bond
4.000%, 03/14/29 (144A)		2,740,000		2,608,047
Total Foreign Government
(Cost $65,785,360)				57,619,016
Mortgage-Backed Securities—0.2%
Collateralized Mortgage Obligations — 0.2%
Seasoned Loans Structured Transaction
3.500%, 06/25/28		1,173,979		1,093,089
Total Mortgage-Backed Securities
(Cost $1,165,231)				1,093,089
Short-Term Investment—0.4%
Repurchase Agreement—0.4%
Fixed Income Clearing Corp.
Repurchase Agreement dated 09/29/23 at 2.500%, due on 10/02/23 with a maturity value of $2,332,712; collateralized by U.S. Treasury Note at 0.750%, maturing 04/30/26, with a market value of $2,378,900.		2,332,226		2,332,226
Total Short-Term Investments
(Cost $2,332,226)				2,332,226
Securities Lending Reinvestments (e)—0.3%
Security Description	Shares/ Principal Amount*		Value
Repurchase Agreements—0.1%
Cantor Fitzgerald & Co.
Repurchase Agreement dated 09/29/23 at 5.320%, due on 10/02/23 with a maturity value of $150,067; collateralized by U.S. Government Agency Obligations with rates ranging from 1.500%—7.267%, maturity dates ranging from 02/01/24—08/20/71, and an aggregate market value of $153,000.		150,000	$	150,000
Citigroup Global Markets, Inc.
Repurchase Agreement dated 09/29/23 at 5.470%, due on 10/06/23 with a maturity value of $33,218; collateralized by U.S. Treasury Obligations with rates ranging from 0.250%—5.403%, maturity dates ranging from 01/31/24—10/31/25, and various Common Stock with an aggregate market value of $33,847.		33,183		33,183
HSBC Securities, Inc.
Repurchase Agreement dated 09/29/23 at 5.280%, due on 10/02/23 with a maturity value of $200,088; collateralized by U.S. Treasury Obligations with rates ranging from 0.000%—4.500%, maturity dates ranging from 09/30/23—05/15/52, and an aggregate market value of $204,090.		200,000		200,000
ING Financial Markets LLC
Repurchase Agreement dated 09/29/23 at 5.300%, due on 10/02/23 with a maturity value of $16,902; collateralized by U.S. Treasury Obligations with rates ranging from 0.000%—4.500%, maturity dates ranging from 10/12/23—02/15/50, and an aggregate market value of $17,232.		16,894		16,894
National Bank Financial, Inc.
Repurchase Agreement dated 09/29/23 at 5.320%, due on 10/02/23 with a maturity value of $5,002; collateralized by U.S. Treasury Obligations with rates ranging from 0.625%—3.875%, maturity dates ranging from 01/15/26—11/15/41, and an aggregate market value of $5,124.		5,000		5,000
National Bank of Canada
Repurchase Agreement dated 09/29/23 at 5.320%, due on 10/06/23 with a maturity value of $4,237; collateralized by U.S. Treasury Obligations with rates ranging from 0.000%—4.000%, maturity dates ranging from 10/12/23—02/15/32, and an aggregate market value of $4,337.		4,233		4,233
Societe Generale
Repurchase Agreement dated 09/29/23 at 5.420%, due on 10/02/23 with a maturity value of $31,379; collateralized by various Common Stock with an aggregate market value of $34,910.		31,365		31,365
				440,675
Mutual Funds—0.2%
Allspring Government Money Market Fund, Select Class
5.270% (f)		125,000		125,000
BlackRock Liquidity Funds FedFund, Institutional Shares
5.230% (f)		150,000		150,000
Dreyfus Treasury Obligations Cash Management Fund, Institutional Class
5.230% (f)		150,000		150,000
Goldman Sachs Financial Square Government Fund, Institutional Shares
5.240% (f)		135,000		135,000
Morgan Stanley Liquidity Funds Government Portfolio, Institutional Shares
5.270% (f)		150,000		150,000

BHFTI-354

Brighthouse Funds Trust I

Western Asset Management Government Income Portfolio

Schedule of Investments as of September 30, 2023 (Unaudited)

Securities Lending Reinvestments (g)—(Continued)

Security Description	Shares		Value
Mutual Funds —(Continued)
RBC U.S. Government Money Market Fund, Institutional Shares
5.270% (f)		200,000	$	200,000
State Street Institutional U.S. Government Money Market Fund, Premier Class 5.290% (f)		125,000		125,000
STIT-Government & Agency Portfolio, Institutional Class
5.260% (f)		175,000		175,000
				1,210,000
Total Securities Lending Reinvestments
(Cost $1,650,676)				1,650,675
Total Investments— 99.9%
(Cost $699,639,907)				580,553,076
Other assets and liabilities (net) — 0.1%				357,707
Net Assets — 100.0%			$	580,910,783

*	Principal amount stated in U.S. dollars unless otherwise noted.
(a)	Variable or floating rate security. The stated rate represents the rate at September 30, 2023. 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)	Principal amount of security is adjusted for inflation.
(d)	All or a portion of the security was held on loan. As of September 30, 2023, the market value of securities loaned was $1,798,562 and the collateral received consisted of cash in the amount of $1,650,675 and non-cash collateral with a value of $194,723. The cash collateral investments are disclosed in the Schedule of Investments and categorized as Securities Lending Reinvestments. The non-cash collateral received consists of U.S. government securities that are held in safe-keeping by the lending agent, or a third-party custodian, and cannot be sold or repledged by the Portfolio.
(e)	Represents investment of cash collateral received from securities on loan as of September 30, 2023.
(f)	The rate shown represents the annualized seven-day yield as of September 30, 2023.
(144A)	Securities exempt from registration under Rule 144A of the Securities Act of 1933. These securities may be resold in transactions exempt from registration, normally to qualified institutional buyers. As of September 30, 2023, the market value of 144A securities was $5,274,860, which is 0.9% of net assets.

Futures Contracts

Futures Contracts—Long	Expiration Date		Number of Contracts			Notional Value				Value/ Unrealized Appreciation/ (Depreciation)
U.S. Treasury Long Bond Futures		12/19/23		82			USD	9,330,063		$	(512,158	)
Futures Contracts—Short
U.S. Treasury Note 10 Year Futures		12/19/23		(21	)		USD	(2,269,313	)		40,103
U.S. Treasury Note 5 Year Futures		12/29/23		(37	)		USD	(3,898,297	)		29,709
Net Unrealized Depreciation										$	(442,346	)

Glossary of Abbreviations

Currencies

(USD)— United States Dollar

Index Abbreviations

(H15)—	U.S. Treasury Yield Curve Rate T-Note Constant Maturity Index
(RFUCCT)—	Refinitiv USD IBOR Consumer Cash Fallbacks Term
(SOFR30A)—	Secured Overnight Financing Rate 30-Day Average
(TSFR)—	Term Secured Overnight Financing Rate

Other Abbreviations

(REMIC)— Real Estate Mortgage Investment Conduit

BHFTI-355

Brighthouse Funds Trust I

Western Asset Management Government Income Portfolio

Schedule of Investments as of September 30, 2023 (Unaudited)

Fair Value Hierarchy

Accounting principles generally accepted in the United States of America (“GAAP”) define fair market value as the price that the Portfolio would receive to sell an asset or pay to transfer a liability in an orderly transaction between market participants at the measurement date. It establishes a fair value hierarchy that prioritizes inputs to valuation methods and requires disclosure of the fair value hierarchy, separately for each major category of assets and liabilities, that segregates fair value measurements into three levels. Levels 1, 2 and 3 of the fair value hierarchy are defined as follows:

Level 1 - unadjusted quoted prices in active markets for identical investments

Level 2 - other significant observable inputs (including, but not limited to, quoted prices for similar assets or liabilities in markets that are either active or inactive; inputs other than quoted prices that are observable such as interest rates, yield curves, volatilities, prepayment speeds, loss severities, credit risks, default rates, or other market corroborated inputs)

Level 3 - significant unobservable inputs based on the best information available in the circumstances, to the extent observable

inputs are unavailable (including the Portfolio’s own assumptions used in determining the fair value of investments and derivative financial instruments) The inputs or methodologies used for valuing investments are not necessarily an indication of the risk associated with investing in them. Changes to the inputs or methodologies used may result in transfers between levels. A reconciliation of Level 3 securities, if any, will be disclosed following the fair value hierarchy table. For more information about the Portfolio’s policy regarding the valuation of investments, please refer to the Notes to Schedule of Investments.

The following table summarizes the fair value hierarchy of the Portfolio’s investments as of September 30, 2023:

Description	Level 1			Level 2			Level 3		Total
Total U.S. Treasury & Government Agencies*	$	—		$	517,858,070		$	—	$	517,858,070
Total Foreign Government*		—			57,619,016			—		57,619,016
Total Mortgage-Backed Securities*		—			1,093,089			—		1,093,089
Total Short-Term Investment*		—			2,332,226			—		2,332,226
Securities Lending Reinvestments
Repurchase Agreements		—			440,675			—		440,675
Mutual Funds		1,210,000			—			—		1,210,000
Total Securities Lending Reinvestments		1,210,000			440,675			—		1,650,675
Total Investments	$	1,210,000		$	579,343,076		$	—	$	580,553,076
Collateral for Securities Loaned (Liability)	$	—		$	(1,650,675	)	$	—	$	(1,650,675	)
Futures Contracts
Futures Contracts (Unrealized Appreciation)	$	69,812		$	—		$	—	$	69,812
Futures Contracts (Unrealized Depreciation)		(512,158	)		—			—		(512,158	)
Total Futures Contracts	$	(442,346	)	$	—		$	—	$	(442,346	)

* See Schedule of Investments for additional detailed categorizations.

BHFTI-356

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 third-party pricing services and/or brokers and dealers selected by Brighthouse Investment Advisers, LLC (the “Adviser”) (each a “pricing service”). 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. 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 a third-party 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 synthetic 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 listed or traded on a multilateral or trade facility platform) 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-357

Brighthouse Funds Trust I

Notes to the Schedule of Investments—(Continued)

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, the respective interbank offered 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. A market quotation is readily available only when that quotation is a quoted price (unadjusted) in active markets for identical investments that the Portfolio can access at the measurement date, provided that a quotation will not be readily available if it is not reliable.

Pursuant to Rule 2a-5 under the 1940 Act, the Board of Trustees (the “Board” or “Trustees” ) of the Trust has designated Brighthouse Investment Advisers, acting through its Valuation Committee (“Committee”), as the Portfolio’s “valuation designee” to perform the Portfolio’s fair value determinations. The Board oversees Brighthouse Investment Advisers in its role as the Valuation Designee and receives reports from Brighthouse Investment Advisers regarding its process and the valuation of the Portfolio’s investments to assist with such oversight

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-358